Search found 148 matches

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: 5306

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: 39
Views: 3593

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: 1241

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: 3250
Views: 944044

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: 3109

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: 3109

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: 3109

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: 4944

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: 3250
Views: 944044

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: 5954

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: 3250
Views: 944044

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: 1257

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: 2553

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: 3250
Views: 944044

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: 820

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: 3250
Views: 944044

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: 820

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: 7108

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: 3610

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: 28
Views: 2489

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: 1565

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: 2393

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: 5848

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: 5848

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: 5848

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: 5848

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: 5848

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: 5848

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: 5848

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: 9060

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: 5848

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: 5848

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
Mon Jul 10, 2017 9:30 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3250
Views: 944044

Re: What Movie Have You Recently Watched?

Room (2015) Brie Larson, William H. Macy, Joan Allen. I'd been wanting to watch this for some time now, but hadn't gotten around to it until the other day. I'm glad to finally watch it to see if Larson was worthy of an Oscar for her performance - she was. This movie was great, if sometimes hard to w...
by amateurnovice
Mon Jul 10, 2017 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Should I invest in this business?
Replies: 19
Views: 1598

Re: Should I invest in this business?

One of these went into a prime location in my hometown which has three colleges (one two-year baptist affiliated, one four-year major liberal arts which you'd think would've really brought in the crowds given it was less than 1/4 mile away, one four-year mid-level public) and didn't last very long. ...
by amateurnovice
Fri Jul 07, 2017 1:34 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3250
Views: 944044

Re: What Movie Have You Recently Watched?

Captain Fantastic (2016) Viggo Mortensen. A father raises his children in the forests of the Cascades to escape the ills of modern technology and society. 5/5
by amateurnovice
Thu Jul 06, 2017 11:49 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3250
Views: 944044

Re: What Movie Have You Recently Watched?

Sicario (2015) Emily Blunt, Josh Brolin, Benicio Del Toro. Drug cartels battle with FBI and border agents in this action thriller about a mysterious agent and his mission. Brolin displays the same bravado as his roles in Wall Street: Money Never Sleeps and American Gangster. Blunt comes across as un...
by amateurnovice
Mon Jun 26, 2017 7:37 am
Forum: Investing - Help with Personal Investments
Topic: Crazy(?) Adviser Advice: "I don't believe in bonds"
Replies: 49
Views: 6102

Re: Crazy(?) Adviser Advice: "I don't believe in bonds"

I don't believe in bonds either. Other than decreasing account volatility within funds, and needing steady income, I wouldn't own them at all, ever. I don't now except for a small amount within my 457 and the 10% in my 2045 retirement fund. Once I'm older, I might own some munis, but even then I int...
by amateurnovice
Fri Jun 23, 2017 7:49 am
Forum: Personal Consumer Issues
Topic: Is the new Chevy Equinox any good?
Replies: 59
Views: 6306

Re: Is the new Chevy Equinox any good?

2013 Equinox owner here... We've never had any major mechanical issues, specifically none with the engine (knock on wood). We've run into issues with the USB connection to the radio insofar as trying to connect our iPhones for Pandora or even just using iTunesj, but usually restarting the car solves...
by amateurnovice
Wed Jun 21, 2017 7:55 am
Forum: Personal Consumer Issues
Topic: Help with Guns in Estate [how to sell]
Replies: 56
Views: 5663

Re: Help with Guns in Estate [how to sell]

Oregon laws are unfamiliar to me, but pawn shops might be an option. If any are "collectible" in nature, you might be able to find a dealer that specializes in obscure weapons. We ran into a similar situation with my grandfather as some of his guns were potentially useful (hunting, home defense) whi...
by amateurnovice
Wed Jun 07, 2017 2:39 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3250
Views: 944044

Re: What Movie Have You Recently Watched?

accidentally responded
by amateurnovice
Wed Jun 07, 2017 2:39 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3250
Views: 944044

Re: What Movie Have You Recently Watched?

The Wizard of Lies (2017) Robert De Niro, Michelle Pfeiffer. This is a look at the story of Bernie Madoff told through narrative flashbacks as De Niro talks with a journalist from prison. We all know the story: a massive Ponzi scheme, the largest in history I think, of the investment advisory arm o...
by amateurnovice
Wed Jun 07, 2017 2:37 pm
Forum: Investing - Theory, News & General
Topic: Why You Still Can’t Trust Your Financial Adviser
Replies: 54
Views: 7022

Re: Why You Still Can’t Trust Your Financial Adviser

If you're lucky enough to fall into some cash and/or happen to have a spouse that doesn't have a clue about money and you might, ya know, die someday and leave it to them, a trustworthy FA for them to know in person is a good thing. Scout it out, find a good one with a solid reputation and a guidin...
by amateurnovice
Wed Jun 07, 2017 8:56 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3250
Views: 944044

Re: What Movie Have You Recently Watched?

The Wizard of Lies (2017) Robert De Niro, Michelle Pfeiffer. This is a look at the story of Bernie Madoff told through narrative flashbacks as De Niro talks with a journalist from his prison. We all know the story: a massive Ponzi scheme, the largest in history I think, of the investment advisory ar...
by amateurnovice
Wed Jun 07, 2017 8:42 am
Forum: Investing - Theory, News & General
Topic: Why You Still Can’t Trust Your Financial Adviser
Replies: 54
Views: 7022

Re: Why You Still Can’t Trust Your Financial Adviser

If you're lucky enough to fall into some cash and/or happen to have a spouse that doesn't have a clue about money and you might, ya know, die someday and leave it to them, a trustworthy FA for them to know in person is a good thing. Scout it out, find a good one with a solid reputation and a guiding...
by amateurnovice
Mon Jun 05, 2017 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: CIT Bank offering 1.15% savings account and up to $400 bonus
Replies: 9
Views: 1854

Re: CIT Bank offering 1.15% savings account and up to $400 bonus

Synchrony raised their savings rate to 1.15% a few days ago, no minimum balance or fees.
by amateurnovice
Fri Jun 02, 2017 1:48 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3250
Views: 944044

Re: What Movie Have You Recently Watched?

War Machine (2017) Brad Pitt, Topher Grace, Anthony Michael Hall, Russell Crowe (cameo). Netflix Original about a general with the Marines who is tasked with getting the US military out of Afghanistan, but is actually part of a political play he is unaware of. Supposedly, this story is about Stanley...
by amateurnovice
Mon May 01, 2017 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Which High-Yield Online Savings Account Should I Open?
Replies: 72
Views: 10844

Re: Which High-Yield Online Savings Account Should I Open?

I would go with Synchrony as I've successfully connected multiple accounts to it with no issues.
by amateurnovice
Tue Apr 25, 2017 7:50 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3250
Views: 944044

Re: What Movie Have You Recently Watched?

Chef (2014) Jon Favreau, John Leguizamo, Scarlett Johansson. Cute film about a renowned chef that tries to cook things up his way against the prescribed old menu favorites of the restaurant's owner (Dustin Hoffman). He eventually leaves the restaurant after some viral marketing mishaps and goes into...
by amateurnovice
Wed Mar 15, 2017 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Convincing Someone To Dump A Bad Financial Advisor
Replies: 39
Views: 3983

Re: Convincing Someone To Dump A Bad Financial Advisor

I see it all the time in my profession how people tend to stick with a bad FA just because he's a family friend, their dads worked together, they go to the same church, etc. If the FA is not close to the family member, or if the FA is just someone that is inherited, as in this case, they're usually ...