Search found 58 matches

by FlyerJack
Wed Jun 03, 2020 10:41 am
Forum: Personal Consumer Issues
Topic: The Pros and Cons of sitting on an iPhone 11 Pro
Replies: 41
Views: 2917

Re: The Pros and Cons of sitting on an iPhone 11 Pro

This discussion is hilarious, but I don’t think anyone’s mentioned the “con” of substantially increasing the chance that your phone is pickpocketed. It must be, like, 100x easier for someone to lift the phone out of your back pocket at a store, concert, restaurant, bar, etc., than to wrangle it out ...
by FlyerJack
Tue May 19, 2020 3:49 pm
Forum: Investing - Theory, News & General
Topic: Where to park cash in Fidelity?
Replies: 71
Views: 7201

Re: Where to park cash in Fidelity?

Fidelity is not a bank, but a brokerage; thus cannot offer high yield savings. Fidelity could offer a similar product, or use banks to do so, through cash management accounts. I don't think it's reasonable to expect a fund company to also be a bank. Schwab and others pull it off. No reason Fidelity...
by FlyerJack
Fri May 15, 2020 1:52 pm
Forum: Personal Investments
Topic: TOD not allowed on Schwab Joint Tenants by Entirety
Replies: 5
Views: 475

Re: TOD not allowed on Schwab Joint Tenants by Entirety

Ah. Here’s a recent discussion thread about that same concern, which may be helpful or interesting: https://www.bogleheads.org/forum/viewtopic.php?t=299758. TBE, trust, and simultaneous death laws vary by state. I’d say it’s worth having your attorney look at it, as part of your estate planning, if ...
by FlyerJack
Fri May 15, 2020 11:32 am
Forum: Personal Investments
Topic: TOD not allowed on Schwab Joint Tenants by Entirety
Replies: 5
Views: 475

Re: TOD not allowed on Schwab Joint Tenants by Entirety

I would call Schwab, but there would be no need for a separate TOD provision when the account is “by the entirety.” Your spouse would already be a joint owner, now and after your hypothetical death. But call Schwab.
by FlyerJack
Tue Apr 28, 2020 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1594
Views: 219295

Re: Fidelity as a one stop shop

3. Depends on what you’re using the money for. You can use it to buy stocks instantly, same day. You cannot use it to (for example) pay your Fidelity credit card bill out of your Fidelity cash management account the same day you transferred from your bank to the cash management account; that takes ...
by FlyerJack
Tue Apr 28, 2020 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1594
Views: 219295

Re: Fidelity as a one stop shop

1. Yes. 2. Yes. 3. Depends on what you’re using the money for. You can use it to buy stocks instantly, same day. You cannot use it to (for example) pay your Fidelity credit card bill out of your Fidelity cash management account the same day you transferred from your bank to the cash management accou...
by FlyerJack
Tue Apr 28, 2020 3:06 pm
Forum: Investing - Theory, News & General
Topic: Well, I am market timing due to coronavirus... Wish me luck.
Replies: 1121
Views: 97134

Re: Well, I am market timing due to coronavirus... Wish me luck.

It's not a closed system... Billions of humans work each day and input their human capital into the system. Yep. They do that, and technology constantly improves, and also the world’s population increases by tens of millions per year (birth rate - death rate). I agree that there’s a fundamental dif...
by FlyerJack
Wed Apr 22, 2020 1:25 pm
Forum: Personal Consumer Issues
Topic: How much to tip on DoorDash?
Replies: 60
Views: 4995

Re: How much to tip on DoorDash?

Wow! You are correct, of course. :beer
by FlyerJack
Wed Apr 22, 2020 12:39 pm
Forum: Personal Consumer Issues
Topic: How much to tip on DoorDash?
Replies: 60
Views: 4995

Re: How much to tip on DoorDash?

So many posts mention Covid-19 when that wasn't part of the original question. To those that referenced the pandemic what did you normally tip DoorDash drivers before? Depends on the size and complexity of the order. $5 or so, normally. More now. The question was posted this month, so (to me) the b...
by FlyerJack
Thu Apr 09, 2020 9:45 am
Forum: Personal Finance (Not Investing)
Topic: NYT hit piece on Donor Advised Funds
Replies: 67
Views: 2757

Re: NYT hit piece on Donor Advised Funds

I read the two-year thing differently...I just thought it meant that some grants would be required every 2 years, so the money didn't sit indefinitely. I didn't read it to mean that 100% of a contribution had to be donated within 2 years. Edit - Re-reading it, the post you reference said "such and ...
by FlyerJack
Thu Apr 09, 2020 8:25 am
Forum: Personal Finance (Not Investing)
Topic: NYT hit piece on Donor Advised Funds
Replies: 67
Views: 2757

Re: NYT hit piece on Donor Advised Funds

Here is some real (rough) math... Family 1 has 200k taxable income Family 1 gives 15k per year directly to charity Family 1 has 9k of additional itemized deductions so can’t itemize (with the exception of this tax year due to CARES act..let’s ignore that for now) Done Family 2 has same income and i...
by FlyerJack
Wed Apr 01, 2020 5:33 pm
Forum: Investing - Theory, News & General
Topic: Buying only top 10 S&P500 companies every year
Replies: 55
Views: 3354

Re: Buying only top 10 S&P500 companies every year

camillus wrote:
Wed Apr 01, 2020 5:31 pm
It would be a lot more useful to buy the companies that are going to be the top 10 holdings in the SP500.
Now there’s a good idea. Sign me up. :sharebeer
by FlyerJack
Wed Apr 01, 2020 5:25 pm
Forum: Investing - Theory, News & General
Topic: Fidelity shuts 3 (Treasury) MM Funds to New Investors
Replies: 91
Views: 6980

Re: Fidelity shuts 3 (Treasury) MM Funds to New Investors

I thought about moving my SPAXX holdings to FDLXX before it was closed, and didn’t. Instead, I put some cash into a no-penalty Ally CD. My remaining cash at Fidelity is in FDIC accounts and SPAXX. Another poster wrote that a Fidelity representative said on the phone recently that Fidelity would guar...
by FlyerJack
Sat Mar 28, 2020 9:53 am
Forum: Personal Finance (Not Investing)
Topic: CARES Act penalizes early filers?
Replies: 14
Views: 1252

Re: CARES Act penalizes early filers?

FWIW, in another post here it was pointed out that the money will actually be based on your 2020 return, and a tax credit applied to that.... there just fronting most recipients the money based on prior year returns. According to Michael Kitces (excellent summary by the way) this only applies if yo...
by FlyerJack
Fri Mar 27, 2020 7:35 am
Forum: Investing - Theory, News & General
Topic: Why does anyone invest in international funds?
Replies: 306
Views: 18205

Re: Why does anyone invest in international funds?

I know it’s a joke thread, but I like owning Toyota, Samsung, Unilever, Nestle, Sony, etc. etc., through VTIAX. Maybe one day they will make me as much money as VTSAX.
by FlyerJack
Mon Mar 23, 2020 4:42 pm
Forum: Personal Investments
Topic: 100 percent stock investors: any of you adding bonds now?
Replies: 51
Views: 3394

Re: 100 percent stock investors: any of you adding bonds now?

No. I continue regular purchases of 100% equities. But I have never relied on retirement or taxable brokerage accounts for short-term needs.
by FlyerJack
Sat Mar 21, 2020 1:12 pm
Forum: Personal Investments
Topic: Guys I Rebalanced (Moved Monies Out Of S&P 500)
Replies: 301
Views: 17826

Re: Guys I Rebalanced (Moved Monies Out Of S&P 500)

OP, have you ever played market timing simulator games? You can try to do exactly what you’re saying. Here’s one: https://engaging-data.com/market-timing-game/ You can adjust the speed. Try to do what you’re saying: Sell as the market drops and buy back as close to the recovery as you can. Then comp...
by FlyerJack
Sat Mar 21, 2020 12:54 pm
Forum: Personal Investments
Topic: Guys I Rebalanced (Moved Monies Out Of S&P 500)
Replies: 301
Views: 17826

Re: Guys I Rebalanced (Moved Monies Out Of S&P 500)

I don't believe in timing the market, I don't. I don't at all. ... But you all are 100% right in theory, trust me, but The Great Shutdown is again, shutting down the economy. Guys come on, this is different. Selling low, “this time it’s different,” and 25 years till retirement??? OP, no offense, bu...
by FlyerJack
Fri Mar 20, 2020 2:00 pm
Forum: Investing - Theory, News & General
Topic: Young investors, how do you feel about your 1st market crash?
Replies: 132
Views: 8902

Re: Young investors, how do you feel about your 1st market crash?

30-something with retirement investments down by tens of thousands. Glad to have a large emergency fund in cash/CD. This forum’s current debate about “paper losses” just makes me shrug—the label changes nothing. My investment contributions to 100% equities continue on auto-pilot. The public health a...
by FlyerJack
Tue Mar 17, 2020 3:08 pm
Forum: Investing - Theory, News & General
Topic: Why do people say "its only on paper, its not a real loss"
Replies: 142
Views: 7390

Re: Why do people say "its only on paper, its not a real loss"

Doesn't matter if you sell or don't sell. You have a loss. Now either be an adult, mark to market, and face reality or be an ostrich and keep pretending nothing has changed since you still have the same number of shares. I don’t understand the animosity. The people who stay the course with long-ter...
by FlyerJack
Tue Mar 17, 2020 2:51 pm
Forum: Investing - Theory, News & General
Topic: Why do people say "its only on paper, its not a real loss"
Replies: 142
Views: 7390

Re: Why do people say "its only on paper, its not a real loss"

Doesn't matter if you sell or don't sell. You have a loss. Now either be an adult, mark to market, and face reality or be an ostrich and keep pretending nothing has changed since you still have the same number of shares. I don’t understand the animosity. The people who stay the course with long-ter...
by FlyerJack
Tue Mar 17, 2020 1:17 pm
Forum: Personal Investments
Topic: Safety of Money Market Funds Currently
Replies: 149
Views: 11916

Re: Safety of Money Market Funds Currently

I second the move to a FDIC insured savings account. From past experience, the yield of all MMFs will drop to a 0.01% yield within a few weeks anyway. Indeed. There's just no compelling reason to use a MMF right now. To be honest, I think that many will later regret not getting into CDs this very m...
by FlyerJack
Tue Mar 17, 2020 12:16 pm
Forum: Investing - Theory, News & General
Topic: Why do people say "its only on paper, its not a real loss"
Replies: 142
Views: 7390

Re: Why do people say "its only on paper, its not a real loss"

If I used the tools on a market peak day it will be just as likely to be 'misleading' as on a market low day. In any case …. I have never considered these calculators or rules of thumb to be significantly accurate. More like the 'pirates code' they are best used as general guidelines. :sharebeer Af...
by FlyerJack
Tue Mar 17, 2020 10:13 am
Forum: Investing - Theory, News & General
Topic: Why do people say "its only on paper, its not a real loss"
Replies: 142
Views: 7390

Re: Why do people say "its only on paper, its not a real loss"

"It's only on paper" has some face validity if you are talking about something you truly have no intention of selling today. But a more complete statement is not as reassuring: "Today's loss is only on paper, what it will mean to you thirty years from now when you really to sell it is just as uncer...
by FlyerJack
Thu Mar 12, 2020 11:18 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing into stocks when they fall is unrealistic
Replies: 126
Views: 10585

Re: Rebalancing into stocks when they fall is unrealistic

Buy low, sell high. This is the “buy low” part. Maybe easier in theory than in practice, sometimes. So after stocks have fallen drastically, and you have become substantially poorer... I disagree with that, at least as far as it has any meaning regarding my investment plan. While my net worth has dr...
by FlyerJack
Fri Mar 06, 2020 9:43 am
Forum: US Chapters
Topic: Where is Livesoft!?
Replies: 147
Views: 27568

Re: Where is Livesoft!?

Yep, feet up, sipping coffee, enjoying a relaxing morning with the newspaper and the 1040 instruction book.
by FlyerJack
Thu Mar 05, 2020 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Federal govt position - negotiating leave
Replies: 22
Views: 1840

Re: Federal govt position - negotiating leave

If it is an NTE position ('not to exceed' 2 years), you might not be eligible to contribute to the TSP (thus obviously no matching, as well). Consider all the costs of taking the job. Definitely ask, but the federal term (NTE) positions that I’m familiar with do include the regular TSP contribution...
by FlyerJack
Thu Mar 05, 2020 9:52 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18846
Views: 2634557

Re: U.S. stocks in free fall

Stinky wrote:
Wed Mar 04, 2020 9:43 pm

The “free fall” and “soaring” threads add a little excitement to investing. Especially when they’re both hyperactive at the same time.
:beer I chuckle every time I see the thread titles next to each other. Great tongue-in-cheek commentary!
by FlyerJack
Thu Mar 05, 2020 9:22 am
Forum: Investing - Theory, News & General
Topic: Are debt levels a cause for concern?
Replies: 17
Views: 1263

Re: Are debt levels a cause for concern?

the average person on the street has a very skewed idea of what debt really means in an economic sense. (I'm not saying I grasp it either). :sharebeer Good point. There’s also fearmongering about who owns the debt (mostly US individuals and institutions, including everyone who owns US treasurys). T...
by FlyerJack
Sat Feb 29, 2020 3:53 pm
Forum: Investing - Theory, News & General
Topic: Where My 100% Equities Peeps At?!?
Replies: 211
Views: 20916

Re: Where My 100% Equities Peeps At?!?

100% equities in my retirement accounts (retirement 20+ years away), although I have a good amount in high-yield savings for a possible downpayment at some undefined point. Traditional payroll contributions are automatic and I bought additional total market shares last week for our Roth IRA 2020 con...
by FlyerJack
Sat Feb 29, 2020 11:59 am
Forum: Personal Finance (Not Investing)
Topic: 51/49 LLC partnership. Need quick advice!!
Replies: 19
Views: 963

Re: 51/49 LLC partnership. Need quick advice!!

get your own attorney +1000 OP, you will probably need to postpone Monday’s meeting in order to get your own attorney. Please don’t make an agreement on Monday without having your own attorney. That is a normal, common-sense move and your prospective partner should have no problem with it whatsoeve...
by FlyerJack
Sat Feb 29, 2020 11:43 am
Forum: Investing - Theory, News & General
Topic: Why so much buying/rebalancing going on?
Replies: 100
Views: 6212

Re: Why so much buying/rebalancing going on?

The best performing portfolios over time have belonged to dead people, as so the saying goes (backed by an actual study). I am sort of shocked by some of the recent threads. From what I’ve found, that’s an internet myth and there was no such study (although it doesn’t mean the moral of the story is...
by FlyerJack
Sat Feb 29, 2020 10:34 am
Forum: Investing - Theory, News & General
Topic: Why so much buying/rebalancing going on?
Replies: 100
Views: 6212

Re: Why so much buying/rebalancing going on?

I bought total market funds on Wednesday, Thursday, and Friday just because I haven’t yet filled up my or my spouse’s 2020 Roth IRA. My IPS calls for maxing out the Roths earlier rather than later each year (because “time in the market”), so this was no strict deviation although I admit I jumped on ...
by FlyerJack
Wed Feb 19, 2020 10:44 pm
Forum: Personal Consumer Issues
Topic: Potential sue - Loss of money
Replies: 128
Views: 12374

Re: Potential sue - Loss of money

Well, maybe the correct response for the OP then is to casually mention to the neighbor that he is glad the neighbor brought the issue to his attention because he would have had no idea. And it is better to get a handle on these things sooner than later. Fortunately, he was able to spend a few hour...
by FlyerJack
Sat Feb 08, 2020 1:17 pm
Forum: Personal Investments
Topic: Make The Case: Fidelity v. Schwab
Replies: 66
Views: 4973

Re: Make The Case: Fidelity v. Schwab

Vanguard has what I think is the simplest most straightforward easy to use web interface. I can only speak for myself, but a couple of examples come to mind. First, I was unable to open a Roth IRA account at Vanguard without mailing in paper forms. I was able to open a Roth IRA account (and fund it...
by FlyerJack
Sat Feb 08, 2020 10:27 am
Forum: Personal Investments
Topic: Make The Case: Fidelity v. Schwab
Replies: 66
Views: 4973

Re: Make The Case: Fidelity v. Schwab

The keyword here is "may." I have personally used the Cash Management Fidelity ATM card to withdraw money internationally and there was no foreign transaction fee . . . . However, Fidelity does charge 1% if the card is being used as a debit card for purchases. And for credit purchases. At least in ...
by FlyerJack
Tue Jan 28, 2020 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Don't Get Escheated! (Planet Money on Escheatment)
Replies: 36
Views: 4580

Re: Don't Get Escheated! (Planet Money on Escheatment)

Vanguard freaked me out recently with two snail mail letters telling my wife and I to log into our accounts (that was the only action needed) to avoid escheatment. We last logged in like 5 months ago! Is Vanguard trigger-happy on those letters or what?
by FlyerJack
Sun Jan 26, 2020 5:07 pm
Forum: Investing - Theory, News & General
Topic: How Did 2001-2002 and 2007-2008 Influence Your Investing Philosophy? Or Did It?
Replies: 113
Views: 5783

Re: How Did 2001-2002 and 2007-2008 Influence Your Investing Philosophy? Or Did It?

flaccidsteele wrote:
Sat Jan 25, 2020 1:46 pm
A 10 year downturn would be a dream come true
That makes me think of all the posts here advising against international stock index funds because they’ve underperformed US index funds for the past 10 or so years. Is this a dream-come-true opportunity to “buy low”? Here’s hoping.
by FlyerJack
Sat Jun 01, 2019 9:18 am
Forum: Investing - Theory, News & General
Topic: A time to EVALUATE your jitters
Replies: 417
Views: 398818

Re: A time to EVALUATE your jitters

That's not the Fed's job. It's certainly not part of their "mandate" that they like to tout. Your comment made me curious what the Fed’s job is. Here tis, from Section 2A of the Federal Reserve Act: Monetary Policy Objectives: The Board of Governors of the Federal Reserve System and the Federal Ope...
by FlyerJack
Fri May 17, 2019 1:13 am
Forum: Personal Consumer Issues
Topic: Using FSA card on site such as FSA Store
Replies: 7
Views: 680

Re: Using FSA card on site such as FSA Store

Whether you use the money or not, you can still contribute the max at the new company. But use the $200!
by FlyerJack
Wed May 15, 2019 3:17 pm
Forum: Investing - Theory, News & General
Topic: Charlie Munger_WSJ interview
Replies: 17
Views: 4099

Re: Charlie Munger_WSJ interview

I read it through my library's website. Really good! I always see Buffett in the headlines, so it’s nice to get a more in-depth look at Munger. I’ve just put Poor Charlie's almanack : the wit and wisdom of Charles T. Munger (a collection of his speeches and talks) on hold at the library.
by FlyerJack
Tue May 14, 2019 6:35 pm
Forum: Forum Issues and Administration
Topic: For how long will the forum be around?
Replies: 94
Views: 10071

Re: For how long will the forum be around?

I don’t necessarily understand everything but hands down this has to be the best collection of wisdom and kind-hearted people I’ve seen. Completely agree. The kind of helpful, respectful discussion found on this forum is incredibly rare on the internet. And I like that the Bogleheads have given me ...
by FlyerJack
Tue May 14, 2019 5:39 pm
Forum: Investing - Theory, News & General
Topic: Imperfect market timing still works -- if you stick with it
Replies: 151
Views: 12705

Re: Imperfect market timing still works -- if you stick with it

No, I don’t believe that’s the intended moral. I think the moral would be something like: Obsessing over market fluctuations encourages tinkering, and tinkerers have generally done worse over the long term than those who just kept contributing (and rebalancing) in accordance with their investment po...
by FlyerJack
Tue May 14, 2019 5:08 pm
Forum: Investing - Theory, News & General
Topic: Imperfect market timing still works -- if you stick with it
Replies: 151
Views: 12705

Re: Imperfect market timing still works -- if you stick with it

Fidelity Investments investigated what worked best, and discovered that their FORGETFUL investors (the people who FORGOT they had investments at Fidelity ... or were dead) happened to be the most successful investors. I agree with your message, but check this out regarding the “legend of the Fideli...
by FlyerJack
Fri May 03, 2019 3:31 pm
Forum: Investing - Theory, News & General
Topic: Berkshire buying stake in Amazon - my opinion
Replies: 55
Views: 6844

Re: Berkshire buying stake in Amazon - my opinion

If both were to buy the same dairy farm, John could definitely milk his investment a bit more. :P Bravo! As a BRK B shareholder (emphasis on the singular — it’s my novelty individual stock), I approve this purchase. Interesting that Berkshire purchases grab the attention of Bogleheads so much. Base...
by FlyerJack
Sun Nov 05, 2017 8:18 pm
Forum: Investing - Theory, News & General
Topic: Does Blackrock think it's all a game?
Replies: 33
Views: 5614

Re: Does Blackrock think it's all a game?

I would spend my time on middle age families (peak earning years), baby boomers, and old folks. In then next 20-30 years you will likely see the largest single transition of wealth in American history. That transfer is NOT going from 80 year olds to 20 year olds.... By many (maybe most) definitions...
by FlyerJack
Sun Nov 05, 2017 9:12 am
Forum: Investing - Theory, News & General
Topic: Does Blackrock think it's all a game?
Replies: 33
Views: 5614

Re: Does Blackrock think it's all a game?

Gamification is already happening throughout society. I have many friends and family members who have become much healthier because the device on their wrists has effectively gamified walking. Certainly it could be used for "evil" ("Bonus points for frequent trades! Prizes for investing in whole lif...
by FlyerJack
Fri Apr 21, 2017 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Bill received after Estate is closed
Replies: 57
Views: 9435

Re: Bill received after Estate is closed

After I made the distributions I signed the final court papers to close the Estate a few days ago. Today the Associate called me to explain that his boss (my Attorney) had never submitted the legal bill to the Estate. I told him to send it to me. That's mighty decent of you, but perhaps a better re...