Search found 1302 matches

by wolf359
Thu Aug 16, 2018 8:57 pm
Forum: Investing - Theory, News & General
Topic: Fidelity 401(k) millionaires hits record high
Replies: 32
Views: 2815

Re: Fidelity 401(k) millionaires hits record high

Or, take a cue from Mr. Romney - you might as well overshoot this target by 100x times over! He's 71 now, so those RMDs should be kicking in now. :D I wonder what strategy he is using to avoid paying taxes on the RMDs. Given the effort he has put into tax minimization strategies he must have a real...
by wolf359
Thu Aug 16, 2018 8:53 pm
Forum: Investing - Theory, News & General
Topic: Fidelity 401(k) millionaires hits record high
Replies: 32
Views: 2815

Re: Fidelity 401(k) millionaires hits record high

I am quite surprised at how relatively few Fido 401 (k) millionaires there are. I wonder how Vanguard or TIAA figures compare. It took us til this year to reach that number with Fidelity, partly because I was stupid enough to bail during the 2008 market meltdown. If I hadn't done that, we'd have re...
by wolf359
Thu Aug 16, 2018 7:59 pm
Forum: Investing - Help with Personal Investments
Topic: Aggressive asset allocation
Replies: 4
Views: 416

Re: Aggressive asset allocation

Some thoughts: 30 years (from mid 30's to mid 60's) is a long time. Although Plan A (2 government jobs with pensions) sounds solid, make sure you have a Plan B. What if you don't end up working for the government forever? What if one of you has health issues, or politics intervenes? By politics I me...
by wolf359
Thu Aug 16, 2018 11:03 am
Forum: Personal Consumer Issues
Topic: Retire in Florida or Alabama?
Replies: 94
Views: 5950

Re: Retire in Florida or Alabama?

Seawalls are obviously just one form of technology, you just listed a few others that are also effective and that can also be implemented incrementally. Well none of it is free. Expect taxes to go up. And if the OP's parents are retiring for the beaches, they will not protected with pumps. Agreed, ...
by wolf359
Thu Aug 16, 2018 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Experian email alert! "Your score decreased"
Replies: 33
Views: 2972

Re: Experian email alert! "Your score decreased"

Mine went up 12 points this month, dropped 8 the month before, up 3 the month before, dropped 5 the month before that....+/-12 points seem about normal for me. Same here. It bounces around almost as much as stocks lately, even when I'm not opening any new accounts or late on anything. Of the credit...
by wolf359
Thu Aug 16, 2018 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Experian email alert! "Your score decreased"
Replies: 33
Views: 2972

Re: Experian email alert! "Your score decreased"

Credit Karma does an excellent job of explaining the movements in your score, and what makes up a good rating. There are other free services that do this as well. Credit Karma doesn't actually do a good job of explaining the changes in your credit score. it summarizes each of the factors into a sin...
by wolf359
Wed Aug 15, 2018 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Experian email alert! "Your score decreased"
Replies: 33
Views: 2972

Re: Experian email alert! "Your score decreased"

Credit Karma does an excellent job of explaining the movements in your score, and what makes up a good rating. There are other free services that do this as well.
by wolf359
Tue Aug 14, 2018 1:55 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 428
Views: 23402

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

- While you're at it, look at the relative performance of bonds. Spoiler: We're in a 10 year bull market. Bonds stink even worst than international. Have you gotten rid of your bonds already? This is not a good comparison. People hold equities for growth, bonds for safety. When you look back at the...
by wolf359
Tue Aug 14, 2018 11:49 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 428
Views: 23402

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

This is why investing is hard. You need to understand what you're investing in, and why. If you do not, you will not stay the course. You will get out of the individual components at the wrong time, and you will underperform the indices. It's not the specific asset allocation that has the greatest i...
by wolf359
Tue Aug 14, 2018 6:02 am
Forum: Personal Consumer Issues
Topic: Changing Car Cabin Air Filter - after how much time
Replies: 67
Views: 5737

Re: Changing Car Cabin Air Filter - after how much time

Every dealer seems to want around $100 to change it. It's not about labor or costs, it's about what the market will bear. Change it yourself at least annually. If you're driving it little and it's clean when you check it, then leave it in and let it go longer. If it's really dirty at the year mark, ...
by wolf359
Mon Aug 13, 2018 10:33 am
Forum: Investing - Help with Personal Investments
Topic: much better ytd return than the vg s&p 500
Replies: 7
Views: 832

Re: much better ytd return than the vg s&p 500

Hello BH hope you are doing well Just wondering what is your thought as for the YTD return. Looks like bellow YTD return is much better ( 70% more ) than the benchmark VG S&P500 ( YTD 6.7% ) stock, so why not try out them even if the ER a bit higher( i don't know how to calculate impacting actual r...
by wolf359
Fri Aug 10, 2018 11:22 am
Forum: Investing - Theory, News & General
Topic: Turkey/Turkish Stocks down 32% - approaching 2008 levels
Replies: 96
Views: 9722

Re: Turkey/Turkish Stocks down 32% - approaching 2008 levels

Why is such a small country/market having such a disproportionate effect on the US stock market today? I’m not doing anything with my investments but it baffles me why events like this are so (temporarily) toxic at home. Sometimes big political events create emotional responses in the stock market....
by wolf359
Thu Aug 09, 2018 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 504
Views: 108969

Re: Anyone regret paying off mortgage early?

1) I am at risk for the next 4 years. Just like anyone else that looses their job and has large fixed expenses. It will be a race to see if I can get a new high paying job before my savings runs out. But after those 4 years, I will be financially independent. I will no longer be dependent on any em...
by wolf359
Thu Aug 09, 2018 8:44 am
Forum: Investing - Help with Personal Investments
Topic: Allocations Stable for 18 months?
Replies: 8
Views: 527

Re: Allocations Stable for 18 months?

Several things to keep in mind: 1) This time it's different. Really. Your time period includes 2017, which just happened to be one of the most stable 12 month periods in the stock market (ever, I believe, but since I don't want to take the time to look it up, let's just say "most stable in recent me...
by wolf359
Wed Aug 08, 2018 6:32 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 625
Views: 53142

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Thanks. I will be waiting a month, maybe 3. I transferred my USAA taxable account to Vanguard last year, that resulted in a ~$1400 capital gains tax payment. Since then, it has been in VTSAX, with about $7600 in gains, so that would result in a ~$2000 capital gains tax payment if I sell this to mov...
by wolf359
Tue Aug 07, 2018 8:32 am
Forum: Personal Consumer Issues
Topic: Best Counter Depth Side by Side refrigerator
Replies: 24
Views: 2116

Re: Best Counter Depth Side by Side refrigerator

In general, I've found the following advice to be helpful for major appliance purchases: - Subscribe for a month to Consumer Reports Online and look up their refrigerator reports. It's cheap, and worth it for the peace of mind. It's also a little less biased than salesperson advice. - Samsung makes ...
by wolf359
Tue Aug 07, 2018 7:59 am
Forum: Investing - Theory, News & General
Topic: "Age in Bonds" fails almost everyone
Replies: 217
Views: 12736

Re: "Age in Bonds" fails almost everyone

The advice "age in bonds" is easy to say, easy to understand, and is a good starting point for someone who has no idea of what their risk tolerance is. Yes, it is overly conservative, but what of it? It will reduce their portfolio volatility at their first major market downturn. After that, the novi...
by wolf359
Mon Aug 06, 2018 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 14162

Re: Will you pay for your kids' college/graduate education?

Great news! You can't do that! Students are limited in what they can borrow, it would be hard to graduate with more than about $30K in debt. Parents can borrow substantially more through Parent Plus loans, or could even co-sign commercial loans for their students. But that would be the parents' (st...
by wolf359
Thu Aug 02, 2018 8:04 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 625
Views: 53142

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

- This Fidelity fund appears to be only available for taxable accounts. This is not correct. The prospectus indicates that these new funds are available in any "retail" account, whether taxable or tax-advantaged. Basically if you personally own the account, you can buy these funds. If your funds ar...
by wolf359
Wed Aug 01, 2018 8:02 pm
Forum: Investing - Theory, News & General
Topic: Annuity vs investment
Replies: 40
Views: 2497

Re: Annunity vs investment

It seems most people are talking about 3% or 4% withdrawal rate here. I am wondering why not just buy immediate annunity and get let's say 6% rate annunity. isn't it better rate than these so called safety withdrawal rate? Thanks. Single Premium Immediate Annuity: Pros: - Higher return than bonds. ...
by wolf359
Wed Aug 01, 2018 7:45 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 625
Views: 53142

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Any indication when Vanguard will follow suit? It’s a pain to transfer companies but this would be worth it I don't believe that VG uses loss-leaders or subsidizes funds as other MF companies do. The VG ER is truly what the cost to run the fund is. It's that simple. The Johnson family is rich and c...
by wolf359
Mon Jul 30, 2018 7:59 am
Forum: Personal Finance (Not Investing)
Topic: When mortgage rates are high, why invest in stock market?
Replies: 36
Views: 4287

Re: When mortgage rates are high, why invest in stock market?

We have bought houses in 1998, 2004, 2006, 2010, 2013, and 2016. We have refinanced in 2008, 2012. and 2017. Other than the 1998 buy at 6.75% as our first home with just 5% down, we have never had a rate over 4% and most were under 3%. I’m not seeing this 7% argument for mortgages in any lasting re...
by wolf359
Mon Jul 23, 2018 8:48 am
Forum: Investing - Help with Personal Investments
Topic: Why not go 100% stocks?
Replies: 125
Views: 13881

Re: Why not go 100% stocks?

Specifically 10% in "short-term government bonds" "My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard’s.)" I think I read from Bernstein that the inclusion of 10% bonds not only red...
by wolf359
Sun Jul 22, 2018 9:52 am
Forum: Personal Consumer Issues
Topic: I dont know how to spend money
Replies: 39
Views: 5123

Re: I dont know how to spend money

Hey BH Im currently 27, and Ive realized the older I get the worse I am at wanting to spend money. Im making an average 51k a year but I have a very high savings rate. I currently have 24k in a Roth IRA, 47k in a 2 fund portfolio (75% US market, 25% International), and 30k in a savings account. I a...
by wolf359
Fri Jul 20, 2018 4:58 pm
Forum: Investing - Theory, News & General
Topic: Does "Time in the Market" Heal All Portfolio Wounds?
Replies: 57
Views: 5680

Re: Does "Time in the Market" Heal All Portfolio Wounds?

While 30 years would probably heal almost all market wounds, think of what you're saying. 30-40 years is pretty much a working career. You don't have the bulk of your savings invested at the BEGINNING of your career. You have your largest portfolio at the END of your career. If the market then had a...
by wolf359
Fri Jul 20, 2018 2:58 pm
Forum: Investing - Theory, News & General
Topic: Index-ish fund that lacks FAANG?
Replies: 42
Views: 4066

Re: Index-ish fund that lacks FAANG?

Easier than any of the strategies suggested in this thread would be just to stop caring. Let's say you're young with an 80/20 allocation and 30% of stocks are international. FAANG is like ~10% of the total market which, if you are calling your business 1/3, is less than 5% of your net worth. If you...
by wolf359
Fri Jul 20, 2018 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Can I get a mortgage if retiring?
Replies: 37
Views: 5125

Re: Can I get a mortgage if retiring?

My parents and my wife's parents have both gotten mortgages after retirement. It's probably easier while you still have a job, but getting one after the fact isn't impossible, either. My parents have pension income and social security, plus investments. My in-laws have social security and rental inc...
by wolf359
Fri Jul 20, 2018 2:43 pm
Forum: Investing - Theory, News & General
Topic: Index-ish fund that lacks FAANG?
Replies: 42
Views: 4066

Re: Index-ish fund that lacks FAANG?

You could also buy an equal weighted index. While it will include FAANG, they'll be equally weighted with everything else, reducing the out-sized representation of those stocks. The fact that most of the market capitalization is in a few stocks is normal. What is new is that they are specifically th...
by wolf359
Fri Jul 20, 2018 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: Structured Note
Replies: 19
Views: 1499

Re: Structured Note

Some thoughts: - Your returns in the structured note don't include dividends. Dividends are a significant part of S&P 500 returns in the actual index fund. - There is significant credit risk. This is essentially a debt obligation by JP Morgan. While JP Morgan is a big company that has been around fo...
by wolf359
Thu Jul 19, 2018 8:25 am
Forum: Investing - Help with Personal Investments
Topic: How to treat annuity?
Replies: 24
Views: 2027

Re: How to treat annuity?

What type of annuity do you have? Your answers do not match how I understand annuities work. (This could be because you have a different type of annuity than I know about, or because my understanding of annuities is incorrect.) My understanding is that you're only taxed on annuities when you withdra...
by wolf359
Wed Jul 18, 2018 7:54 pm
Forum: Investing - Theory, News & General
Topic: Acceptable uses...New Financial Chromebook
Replies: 35
Views: 4369

Re: Acceptable uses...New Financial Chromebook

Install Linux and then use it as financial only. You’re missing the point. The idea is to have a limited use system that is so dedicated to being a browser that it is missing the components necessary to run malware or get compromised. Chrome books are also easy to patch and maintain for people of a...
by wolf359
Wed Jul 18, 2018 8:17 am
Forum: Investing - Help with Personal Investments
Topic: How do you handle the urge to DO something?
Replies: 102
Views: 7101

Re: How do you handle the urge to DO something?

How do you handle the urge to constantly tweak things? To those of you who have a similar disposition as me, do you find this to be a struggle? I am a relative new BH, does it get easier with time? Does anyone allocate a certain amount of their capital to a "play" account to scratch this itch? It d...
by wolf359
Tue Jul 17, 2018 12:56 pm
Forum: Personal Consumer Issues
Topic: Why own a bed?
Replies: 140
Views: 9710

Re: Why own a bed?

This thread gets my vote for one of the silliest yet here on Bogleheads. It's certainly near the top but it seems like a worthy contender pops up almost daily. My vote for silliest is "How Long to Keep a Kitchen Sponge". https://www.bogleheads.org/forum/viewtopic.php?t=210945 At least a bed costs m...
by wolf359
Tue Jul 17, 2018 11:14 am
Forum: Investing - Help with Personal Investments
Topic: Rollover to a expensive 401k worth it?
Replies: 15
Views: 648

Re: Rollover to a expensive 401k worth it?

If you're going to do the rollover to the expensive 401k regardless, then I would try to avoid the T Rowe target date funds and buy only the S&P 500 fund. Try to minimize the damage and keep your costs down. I don't trust most non-Vanguard target date funds -- they're usually active funds and not ac...
by wolf359
Tue Jul 17, 2018 10:13 am
Forum: Investing - Help with Personal Investments
Topic: Rollover to a expensive 401k worth it?
Replies: 15
Views: 648

Re: Rollover to a expensive 401k worth it?

We faced exactly this situation. We decided that the ability to do back door Roth IRAs was not worth the cost of putting large sums of money into an expensive 401k. Once you put it in, you can't take it out until you leave the job. So, no, we decided it wasn't worth it. As an alternative, we just fo...
by wolf359
Mon Jul 16, 2018 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Duration of Sequence of Return risk for long retirements
Replies: 49
Views: 3557

Re: Duration of Sequence of Return risk for long retirements

Being aware of Sequence of Returns risk enables you to plan for and address it. Longer retirements just mean that you have to be more flexible than normal. There are a lot of ways to deal with Sequence of Returns risk, and they can be adapted to longer-than-normal retirements: - Use income that are ...
by wolf359
Fri Jul 13, 2018 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Tell me what's wrong with my strategy
Replies: 105
Views: 7410

Re: Tell me what's wrong with my strategy

The trick to making money in stocks is to buy lower priced assets and sell them for more than you bought them for. In other words: buy low, sell high. You are proposing to select companies for purchase because they are awesome stocks. What makes them awesome? They've gone up in price more than every...
by wolf359
Fri Jul 13, 2018 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Too Diversified?
Replies: 14
Views: 1426

Re: Too Diversified?

Your relatively poor performance isn't because you're too diversified. It's because: 1) Compound interest doesn't occur over such short timeframes (2-3 years). It takes 1-3 decades before you really notice it. You need patience. 2) This specific short timeframe heavily favored US large cap stocks, w...
by wolf359
Thu Jul 12, 2018 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: How to help parents "see the light" with index investing?
Replies: 17
Views: 1399

Re: How to help parents "see the light" with index investing?

If they’re doing OK, they’re not in danger fraud or theft or elder abuse, and they’re not asking for any help, there is no action for you to take. With $1 million, a pension, Social Security, and a new start in retirement life, they’re probably feeling good about theirfinancial life at this point, a...
by wolf359
Thu Jul 12, 2018 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: What is a shell account?
Replies: 7
Views: 742

Re: What is a shell account?

When I have a question about something like this, I like to validate the information through a known trusted source. Ask through your HR department to find out what's going on? Did they not set up accounts for the whole company, and are now correcting it? (If so, then HR should be aware of the actio...
by wolf359
Thu Jul 12, 2018 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: Why not go 100% stocks?
Replies: 125
Views: 13881

Re: Why not go 100% stocks?

Even if I do die early I would be happy having left them a good chunk of money to be self sufficient. I'm pretty sure I know what you meant, but you might want to read that last sentence again. :wink: Well technically if I'm dead, and the monies are in their account, they would be self sufficient w...
by wolf359
Thu Jul 12, 2018 10:40 am
Forum: Investing - Help with Personal Investments
Topic: How/where to allocate new money?
Replies: 10
Views: 849

Re: How/where to allocate new money?

I have been investing for a while. I've done it several different ways over my lifetime. When I was starting out, I purchased according to my asset allocation. I later started adjusting contributions according to whatever I needed to do to maintain my asset allocation. It's probably the most efficie...
by wolf359
Thu Jul 12, 2018 10:26 am
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 200
Views: 18131

Re: Vanguard to offer non-Vanguard ETFs commission-free

Are there any etfs that would be worthwhile to add or exchange for a vanguard 3 fund investor? Doesn’t seem like this will add much for the average boglehead? Doesn't do anything for a Vanguard 3-fund investor. It does help you if you tilt, because it improves your choice of ETFs for tilting. I don...
by wolf359
Wed Jul 11, 2018 9:56 am
Forum: Investing - Theory, News & General
Topic: Six stocks make up 98% of S&P 500 gains in 2018
Replies: 76
Views: 10588

Re: Six stocks make up 98% of S&P 500 gains in 2018

Isn’t it true that a handful of stocks have explained most of the growth in the market for most of history? Rule of 80/20 Also known as the Pareto Principle. Keep in mind that the S&P 500 is market weighted. That index holds more of those stocks than anything else. The six stocks are currently abou...
by wolf359
Tue Jul 10, 2018 4:18 pm
Forum: Investing - Theory, News & General
Topic: Morningstar: prepare for a lost decade for U.S. stocks
Replies: 198
Views: 18880

Re: Morningstar: prepare for a lost decade for U.S. stocks

Some thoughts: - If this lost decade is similar to previous lost decades, then you can do better by having some bonds, reinvesting interest and dividends, and dollar cost averaging your contributions throughout the entire period. The lost decades are called such only from the perspective of a one-ti...
by wolf359
Sat Jun 30, 2018 11:16 pm
Forum: Investing - Theory, News & General
Topic: "homemade dividends" from Total Stock Market fund
Replies: 135
Views: 8944

Re: "homemade dividends" from Total Stock Market fund

The thought that selling stocks when needed "and now the market is down" is market timing and this should be avoided. Just sell what you need regardless of where the market is. Sell in proportion to your entire asset allocation. Wow! Do you have any idea how difficult this sounds to me? I can't ima...
by wolf359
Wed Jun 27, 2018 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: Do you/How do you stress-test your plan?
Replies: 29
Views: 1528

Re: Do you/How do you stress-test your plan?

... 5) Secular Bear Market. Stock market crashes and stays down for 15-20 years. (It happened in 1929-1940's, and 1960s-1970s.) ... 12) Both you and your spouse die. ... 15) Repeat 6-14 and add "...during a secular bear market." I like #5. It’s plenty stressful. But I’m not sure about #12, for a st...
by wolf359
Wed Jun 27, 2018 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Do you/How do you stress-test your plan?
Replies: 29
Views: 1528

Re: Do you/How do you stress-test your plan?

Project what happens to your financial life if any of the following occurs: 1) Market Correction. Stock market crashes by 10%. 2) Bear Market. Stock market crashes by 20%. 3) Bad Bear Market (2008-level recession). Stock market crashes by 50%. 4) Really bad Bear Market (1929-level depression.) Stock...
by wolf359
Mon Jun 25, 2018 7:06 pm
Forum: Personal Consumer Issues
Topic: Contractor - Threatening Lien/Lawsuit
Replies: 55
Views: 6662

Re: Contractor - Threatening Lien/Lawsuit

He left to get the parts and later texted that he was unable to cash the check (since it was Sunday) and asked me to meet him at the store with cash (in place of the check). I advised that I would meet him at the store and we could pay with my credit card. He advised me that was not an option - he ...
by wolf359
Mon Jun 25, 2018 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: Can I TLH QQQ and pick up VTI, IVV, VOO...
Replies: 26
Views: 1860

Re: Can I TLH QQQ and pick up VTI, IVV, VOO...

Thx for TLH info. I've held a small, maybe 2% post on in QQQ for a few years now. I recently sold International VXUS to take the TLH. Placed that money in QQQ for a total of 5-7% of AA. Thought was that I may get back into international once 30 days was up, but now that QQQ has taken a good hit I f...