Search found 165 matches

by amateurnovice
Thu Aug 23, 2018 12:36 pm
Forum: Personal Consumer Issues
Topic: Good Non-Boring Boglehead Cars Under $30k
Replies: 215
Views: 12430

Re: Good Non-Boring Boglehead Cars Under $30k

Criteria: - Street price under $30k - Reliable - Fun driving dynamics (please no Corolla/Prius-type recommendations) - Support for Android Auto/Apple Carplay (either available now, or coming soon) - Can be new or used, but nothing over 3 years old What do you recommend? Subaru with a 5 or 6 speed. ...
by amateurnovice
Wed Aug 22, 2018 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Is divorce a wise financial move?
Replies: 90
Views: 5062

Re: Is divorce a wise financial move?

We are considering divorcing strictly for financial benefit and not because of a change in our personal relationship. Frankly, we’re tired of paying four digits more in tax every year just to be married. We know the perk we’re after, but we’re just now beginning to look into the potential cons of a...
by amateurnovice
Fri Jul 13, 2018 8:22 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3759
Views: 1068154

Re: What Movie Have You Recently Watched?

The Witch (2015) Anya Taylor-Joy, Kate Dickie, Ralph Ineson. A New England folktale. Horror. Decent horror. 4.5/5 Thororoughbreds (2018) Olivia Cooke, Anya Taylor-Joy, Anton Yelchin (his last film before he died in 2016). Thriller. Kinda boring but stylish. 3.5/5 Star Wars: The Last Jedi (2017) Up t...
by amateurnovice
Mon Jun 25, 2018 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: How to find a good fudiciary fee only CFP?
Replies: 16
Views: 950

Re: How to find a good fudiciary fee only CFP?

If you need to have that face-to-face, or if this is for a relative or just in case something happens to you, then you should maybe call your state securities agency or division to see what state registered entities there are. You may be able to find some by googling ("state name" "investment adviso...
by amateurnovice
Sun May 20, 2018 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: Yet another “I’m leaving Ameriprise” post
Replies: 4
Views: 855

Re: Yet another “I’m leaving Ameriprise” post

This is minor but I don't see the point in holding both VFIAX and VTSAX in the same account or even in the same portfolio.

Extra exposure to large caps is all you get by holding both. Drop VFIAX and add a total international fund and total bond fund.
by amateurnovice
Sun May 20, 2018 9:42 pm
Forum: Investing - Help with Personal Investments
Topic: Newly widowed, how do I invest 1.5 million life ins. proceeds
Replies: 72
Views: 8543

Re: Newly widowed, how do I invest 1.5 million life ins. proceeds

I would try to downsize some things and change life to live within means of that income plus your savings and life insurance proceeds for the next thirty to sixty years. Getting a plan of how you want to live and what that will cost should come before investing any of it.
by amateurnovice
Wed May 09, 2018 9:40 pm
Forum: Investing - Theory, News & General
Topic: Observation on Edward Jones
Replies: 27
Views: 6938

Re: Observation on Edward Jones

I've dealt with an EJ advisor. He wasn't such a bad guy but he could sell. Put my mother and my father in some balanced mutual funds with front load fees. They've managed to make back those fees under the market the last year, but barely. She used him because he was a frat brother of some of her for...
by amateurnovice
Sat May 05, 2018 7:01 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover pension into IRA after maxing 2018 contribution
Replies: 8
Views: 487

Re: Rollover pension into IRA after maxing 2018 contribution

fabdog wrote:
Sat May 05, 2018 6:54 pm
In order to keep things clean in case you ever need to roll that money anywhere else, you may want to open a separate Rollover IRa to hold those funds, vs your current contributory IRA

Mike
What do you mean by "keep things clean in case ...."?
by amateurnovice
Sat May 05, 2018 6:49 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover pension into IRA after maxing 2018 contribution
Replies: 8
Views: 487

Re: Rollover pension into IRA after maxing 2018 contribution

retiredjg wrote:
Sat May 05, 2018 5:46 pm
Yes. If it is eligible to be rolled into a traditional IRA, the maxing of your IRA part is not relevant.
Thank you, I'm stoked about that.
by amateurnovice
Sat May 05, 2018 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover pension into IRA after maxing 2018 contribution
Replies: 8
Views: 487

Re: Rollover pension into IRA after maxing 2018 contribution

A rollover does not affect contributions. And vice versa. I suppose (don't know for sure) you can roll to either IRA, but if you roll to Roth IRA, taxes will be due on the entire amount at your marginal tax rate. Probably not a great idea in most cases. Ok, so I should be able to roll it over to my...
by amateurnovice
Sat May 05, 2018 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: Starting to smell like buying season?
Replies: 55
Views: 7060

Re: Starting to smell like buying season?

Lots of Bogleheads do that thing where they pretend not to be able to look up a ticker symbol by opening a new tab and taking all of 3 seconds, so I think you might've known and just pretended not to know. I think that it is best to avoid using acronyms and ticker symbols when posting. One person c...
by amateurnovice
Sat May 05, 2018 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover pension into IRA after maxing 2018 contribution
Replies: 8
Views: 487

Rollover pension into IRA after maxing 2018 contribution

I've recently quit a state government job and I will be taking the refund of my pension. I have both a traditional IRA and Roth IRA with Vanguard. I've already maxed for 2018. Can I still roll over the pension funds since they were tax deferred into either of those IRAs?
by amateurnovice
Thu May 03, 2018 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: Starting to smell like buying season?
Replies: 55
Views: 7060

Re: Starting to smell like buying season?

Based on a 1.4% drop in the first 2.5 hours of Thursday? From the end of January high of 26,616.71 to right now's 23,584.26 is a bit more than 1.4% Joe. Back napkin match approaching 12%. You don't specify what that number means, but I guess it might be the Dow Jones Industrial Average index number...
by amateurnovice
Wed Apr 25, 2018 10:28 pm
Forum: Investing - Help with Personal Investments
Topic: Financial advisor for hire
Replies: 15
Views: 1740

Re: Financial advisor for hire

Insurance products are simply additional ways for them to make money. If you don't need it, don't buy it. If you're interested, take a brochure and read up on how it will benefit you. It's only a red flag if they pitch it in front of their investment advice or make it a priority for your portfolio a...
by amateurnovice
Sat Apr 07, 2018 5:14 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3759
Views: 1068154

Re: What Movie Have You Recently Watched?

Three Billboards Outside Ebbing, Missouri (2017). Frances McDormand, Sam Rockwell, Woody Harrelson. 3.5/5

Lady Bird (2017). Saoirse Ronan, Laurie Metcalf. 5/5
by amateurnovice
Tue Feb 20, 2018 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring from Financial Advisor
Replies: 12
Views: 1492

Re: Transferring from Financial Advisor

The only reason I can think to have one is if certain criteria for the client are met and the client is the one to decide on those criteria. I think that being a high net worth or ultra high net worth investor and relatively unsophisticated would be part of that criteria. Secondly, if you have a spo...
by amateurnovice
Tue Jan 09, 2018 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: An economist dismisses the idea of dollar cost averaging
Replies: 71
Views: 6335

Re: An economist dismisses the idea of dollar cost averaging

To me, DCA is to investing what modern monetary theory is to economics. It's just another way to describe the how of the system rather than the effects of using the system while posing itself as an explanation of the system (or even being misunderstood as a means to describe the effects of the syste...
by amateurnovice
Tue Dec 19, 2017 11:57 am
Forum: Investing - Theory, News & General
Topic: Where do you read financial news?
Replies: 44
Views: 5220

Re: Where do you read financial news?

Google Finance :happy I liked it better before the update. Charts showed dividends, funds had blurbs about what was in them, I'm not sure why they decided this change was better or even necessary. It made it more like a social media platform but instead of connecting with people you connect with pr...
by amateurnovice
Tue Oct 17, 2017 11:26 am
Forum: Personal Consumer Issues
Topic: good used car.
Replies: 11
Views: 1421

Re: good used car.

hello bogleheads, I'm looking for some recommendations on a good used car/suv with under 100,000 mi. with excellent mpg & excellent track record mechanically for around $10,000 or less....bill 2010 - 2014 Honda CRV, Toyota RAV-4, Subaru Forester, Accord, Civic, Corolla, Outback, Camry, Impreza
by amateurnovice
Thu Oct 05, 2017 10:46 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3759
Views: 1068154

Re: What Movie Have You Recently Watched?

Hell or High Water (2016). Ben Foster, Chris Pine, Jeff Bridges. Two brothers rob banks to pay a lien on their ranch from the same bank they're robbing. Great performances by Foster and Bridges. Gripping, well-written, great cinematography of the barren flat Texas landscape. By the same writer of Si...
by amateurnovice
Thu Oct 05, 2017 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Certified Financial Planner (CFP) ???
Replies: 26
Views: 3397

Re: Certified Financial Planner (CFP) ???

Series 65 isn't a FINRA exam. It's a state law exam that allows someone to register an RIA/IAR and offer investment advice. I don't think that is exactly on point. According to FINRA it is a FINRA exam. Also, are you confusing the Series 65 "Uniform Registered Investment Adviser Law Exam" with the ...
by amateurnovice
Thu Sep 28, 2017 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: Certified Financial Planner (CFP) ???
Replies: 26
Views: 3397

Re: Certified Financial Planner (CFP) ???

A CFP is just another certification that lets someone offer investment advice, same as a Series 65. No. The Series 65 is offered by FINRA and is a regulatory requirement to offer certain services to the public. Nothing requires you to get a CFP. It is more akin to a MBA. It is a stamp of certain le...
by amateurnovice
Tue Sep 26, 2017 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Certified Financial Planner (CFP) ???
Replies: 26
Views: 3397

Re: Certified Financial Planner (CFP) ???

A CFP is just another certification that lets someone offer investment advice, same as a Series 65. Allows them to open their own registered investment adviser and/or be an investment adviser representative of an RIA and a) offer financial planning advice or b) offer asset management. Some are good ...
by amateurnovice
Wed Aug 02, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Finance as a college major?
Replies: 50
Views: 5648

Re: Finance as a college major?

I knew of a finance major who landed a job at an insurance company which didn't require the degree. It was in sales. He lasted a few months before quitting, going back to get a BS in chemistry, and going to pharmacy school. He wanted the money, but he didn't have the sales gene. Investment Advisers,...
by amateurnovice
Wed Aug 02, 2017 7:16 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3759
Views: 1068154

Re: What Movie Have You Recently Watched?

Dunkirk: Unlike the majority, I thought it was terrible. To me this "stream of consciousness" approach is just too pretentious. Tell the story, dammit, and don't waste my time trying to impress me with how good you are at confounding time and intermixing points of view. My younger relatives all tho...
by amateurnovice
Sun Jul 30, 2017 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Philosophy major and future law student
Replies: 93
Views: 7030

Re: Philosophy major and future law student

I work in the securities regulation industry and work closely with a fellow who has a BA in philosophy and a J.D. He did private law work in divorce and family law before going into securities. There was a learning curve for him regarding products, suitability, and the differences of agents vs. advi...
by amateurnovice
Fri Jul 28, 2017 6:29 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3759
Views: 1068154

Re: What Movie Have You Recently Watched?

ETadvisor wrote:Gone Baby Gone - climatic ending that is very debatable
What?
by amateurnovice
Fri Jul 28, 2017 6:14 pm
Forum: Investing - Theory, News & General
Topic: Where should I save my money?
Replies: 8
Views: 1405

Re: Where should I save my money?

My Synchrony Bank savings is currently 1.2%. Better than a CD because you can always add to it periodically. Dump in the lump sum and keep contributing. I've used Ally as well in the past but I find Synchrony stays ahead on rates. Rather use a savings account than a CD any day, especially if the sav...
by amateurnovice
Fri Jul 28, 2017 5:31 pm
Forum: Investing - Theory, News & General
Topic: Are any advisors not self serving
Replies: 25
Views: 2918

Re: Are any advisors not self serving

Flat fee (negotiated and charged per contract) vs. % of AUM is usually how they charge, but I've mostly seen % of AUM usually with smaller % on more AUM to entice them over as there will be more small accounts with the larger fee (about 1.5 to 2%) average. I think some small (less than $100M in AUM)...
by amateurnovice
Thu Jul 27, 2017 3:14 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3759
Views: 1068154

Re: What Movie Have You Recently Watched?

Hacksaw Ridge (2016) Andrew Garfield, Vince Vaughn. Directed by Mel Gibson, this is the story of Desmond Doss, a Seventh-Day Adventist conscientious objector who served in WWII as a combat medic after being scrutinized and humiliated for being non-violent and wishing to not carry a weapon during bat...
by amateurnovice
Mon Jul 24, 2017 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: RIA [Registered Investment Advisor]
Replies: 7
Views: 997

Re: RIA [Registered Investment Advisor]

series 65 makes you an IAR, so you have a fiduciary duty. the test is mostly about laws of RIAs/IARs and some investment advice/suitability/product stuff from the Series 7
by amateurnovice
Mon Jul 24, 2017 1:07 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3759
Views: 1068154

Re: What Movie Have You Recently Watched?

I'm waiting until I have a couple hours without the kids to watch Rogue One on Netflix. Looking forward to that. Dunkirk (2017). Christopher Nolan's fictional account of the colossal mistake by the Allies and the effort to rescue upwards of 300,000 soldiers from the beaches of France. Suspenseful, y...
by amateurnovice
Sun Jul 23, 2017 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: RIA [Registered Investment Advisor]
Replies: 7
Views: 997

Re: RIA [Registered Investment Advisor]

whatre you trying to do, open your own IA or join one
by amateurnovice
Fri Jul 21, 2017 12:33 pm
Forum: Investing - Theory, News & General
Topic: Most Americans don't trust financial advisers
Replies: 64
Views: 7972

Re: Most Americans don't trust financial advisers

Most regular people don't know where to start with investing and they're too ashamed or afraid to ask. Asking an FA at Edward Jones is probably safer than asking an IA with his own firm or an insurance agent but even then it's a risk. So many pure scam artists are out there not even licensed or regi...
by amateurnovice
Fri Jul 21, 2017 12:25 pm
Forum: Personal Consumer Issues
Topic: Indoor activities for a 3-year-old
Replies: 61
Views: 4494

Re: Indoor activities for a 3-year-old

Big Legos, hide and seek, organizing animals, dancing, karaoke, Play-Doh, drawing, painting, reading, practicing writing, learning about weather, looking at maps, encyclopedias with pictures, practicing colors, counting, practicing basic math (1+1, 1+2)
by amateurnovice
Thu Jul 20, 2017 8:36 pm
Forum: Personal Consumer Issues
Topic: How is U-Haul for getting a trailer hitch?
Replies: 31
Views: 5928

Re: How is U-Haul for getting a trailer hitch?

Make sure you get one new, may try to slip you a used one. And the installer should be experienced, don't trust a new employee. I've dealt with them and it really depends on the shop and crew but it should be fine.
by amateurnovice
Sun Jul 16, 2017 8:53 am
Forum: Investing - Help with Personal Investments
Topic: Elderly Grandparent's investment allocation
Replies: 18
Views: 1866

Re: Elderly Grandparent's investment allocation

If she needs income or has quick liquidity needs, she may have to forego any real returns and put some in short term CDs. Maybe buy about $50k in muni bonds, but keep some in 6 to 12 month CDs. Online banks offer some decent returns that will far outdo anything at brick and mortar, which may be a pr...
by amateurnovice
Thu Jul 13, 2017 10:37 am
Forum: Investing - Help with Personal Investments
Topic: 13 year old with $2000 to invest
Replies: 20
Views: 2629

Re: 13 year old with $2000 to invest

I saved about $1250 my first summer working (lifeguarding) after buying dumb t-shirts, cheap gas, and whatever else sixteen year old boys buy. With that $1250, I was able to go on my senior trip. I wouldn't be trying to invest in retirement at that age. I'd be trying to save money, especially if col...
by amateurnovice
Wed Jul 12, 2017 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: Where to put 65k cash
Replies: 64
Views: 6476

Re: Where to put 65k cash

Ok, so lets tell a 24 year old who obviously has no clue what he's doing to go out and start picking individual stocks. Great idea. Ok, so let's tell a 24 year old who obviously has no clue what he's doing to go out and start buying funds that contain all those stocks. Great idea. Amateurnovice, wh...
by amateurnovice
Wed Jul 12, 2017 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: Where to put 65k cash
Replies: 64
Views: 6476

Re: Where to put 65k cash

amateurnovice, I suggest you read up on the topic of unsystematic risk . https://www.bogleheads.org/wiki/Risk_and_return:_an_introduction#Diversification Diversification Risk can be reduced through diversification. The risk of investing in a single risky security, such as a stock or corporate bond,...
by amateurnovice
Wed Jul 12, 2017 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: Where to put 65k cash
Replies: 64
Views: 6476

Re: Where to put 65k cash

First off, I'm not going sway anyone's thinking here so I'm not going to open myself up for ad hominems. I'll give my brief assessment which is easily eviscerated by boglehead "stay the course" logic because, honestly, there isn't much to that argument and every deviation from it is flat out wrong,...
by amateurnovice
Wed Jul 12, 2017 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Where to put 65k cash
Replies: 64
Views: 6476

Re: Where to put 65k cash

What if you were to accomplish that diversification by buying a fund like Total Stock Market? Sounds like a solid plan to me. Sounds like putting all the eggs in one basket, which isn't a great idea if you've ever bought any eggs. Could you elaborate? How would you describe the risks of the TSM bas...
by amateurnovice
Wed Jul 12, 2017 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Where to put 65k cash
Replies: 64
Views: 6476

Re: Where to put 65k cash

What if you were to accomplish that diversification by buying a fund like Total Stock Market? Sounds like a solid plan to me. Sounds like putting all the eggs in one basket, which isn't a great idea if you've ever bought any eggs. Could you elaborate? How would you describe the risks of the TSM bas...
by amateurnovice
Wed Jul 12, 2017 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Where to put 65k cash
Replies: 64
Views: 6476

Re: Where to put 65k cash

MoonOrb wrote:What if you were to accomplish that diversification by buying a fund like Total Stock Market? Sounds like a solid plan to me.
Sounds like putting all the eggs in one basket, which isn't a great idea if you've ever bought any eggs.
by amateurnovice
Wed Jul 12, 2017 8:39 am
Forum: Investing - Help with Personal Investments
Topic: Where to put 65k cash
Replies: 64
Views: 6476

Re: Where to put 65k cash

Plenty of good individual stocks to put that in and reinvest the dividends without worrying about which fund or why. Funds are so high right now, you'd be getting in and possibly staying at a plateau for a while. I'd look at some individual companies that are competing against others and have grown...
by amateurnovice
Wed Jul 12, 2017 8:31 am
Forum: Investing - Theory, News & General
Topic: TSP Expense Ratio jumps to 0.038%
Replies: 72
Views: 10147

Re: TSP Expense Ratio jumps to 0.038%

dm200 wrote:I am not (nor have ever been) a TSP participant. I am a taxpayer and participant in various retirement programs.

I see NO reason that the employer (federal gevernment, taxpayers) should further subsidize the TSP.

sweet take :|
by amateurnovice
Tue Jul 11, 2017 8:33 pm
Forum: Investing - Help with Personal Investments
Topic: Where to put 65k cash
Replies: 64
Views: 6476

Re: Where to put 65k cash

Plenty of good individual stocks to put that in and reinvest the dividends without worrying about which fund or why. Funds are so high right now, you'd be getting in and possibly staying at a plateau for a while. I'd look at some individual companies that are competing against others and have grown...
by amateurnovice
Tue Jul 11, 2017 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: Where to put 65k cash
Replies: 64
Views: 6476

Re: Where to put 65k cash

Plenty of good individual stocks to put that in and reinvest the dividends without worrying about which fund or why. Funds are so high right now, you'd be getting in and possibly staying at a plateau for a while. I'd look at some individual companies that are competing against others and have grown ...