Search found 1456 matches

by wolf359
Sat Dec 15, 2018 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Obamacare (ACA) Ruled Unconstitutional by Texas Federal Court
Replies: 93
Views: 5981

Re: Obamacare (ACA) Ruled Unconstitutional by Texas Federal Court

I think the real question is how the uncertainty is impacting your personal situation, and what you can do about it. Those who retire at 65 are eligible for Medicare. Those who retire before 65 need to use employer healthcare retirement benefits (if available), use Obamacare, or use one of the compl...
by wolf359
Fri Dec 14, 2018 9:27 am
Forum: Personal Finance (Not Investing)
Topic: What if you reach your number before retirement?
Replies: 22
Views: 2976

Re: What if you reach your number before retirement?

You're asking about an event that may be 25 years out. The actual market returns are unknowable, especially that far out. Hypotheticals like that are fun, and worth discussion with your spouse about what you might do if it happens, but it's not worth making specific plans. They're not worth the effo...
by wolf359
Thu Dec 13, 2018 2:16 pm
Forum: Personal Consumer Issues
Topic: Who else is doing home automation?
Replies: 63
Views: 3217

Re: Who else is doing home automation?

My home automation is limited to an Echo in the living room. We've only automated 3 things: 1) the main living room lamp, so we can turn off it off from upstairs. 2) the Christmas tree, because it makes my kids giggle. 3) the Tivo, so we can pause the television without looking for the remote. I'm g...
by wolf359
Tue Dec 11, 2018 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting with crypto
Replies: 5
Views: 753

Re: Tax loss harvesting with crypto

Brokepilot wrote:
Tue Dec 11, 2018 1:55 pm
I am so deep on losses that I am just going to ignore it and wait till the crypto market bulls again and regain my ground. I believe its not a matter of If but when.. that when may be a while though.
Worked for my crate full of beanie babies.

...Wait, no it didn't. :oops:
by wolf359
Mon Dec 10, 2018 2:02 pm
Forum: Investing - Theory, News & General
Topic: Article: Your love of index funds is terrible for our economy
Replies: 61
Views: 6650

Re: Article: Your love of index funds is terrible for our economy

There is an opinion piece published today in Marketwatch with the title "Your love of index funds is terrible for our economy." Vanguard’s John Bogle didn’t know it at the time, but when he created the first index fund in 1975 he unleashed a monster. Stock index funds have grown so popular that the...
by wolf359
Mon Dec 10, 2018 10:58 am
Forum: Investing - Theory, News & General
Topic: Who is buying SCV, EM, Intl SC
Replies: 41
Views: 2652

Re: Who is buying SCV, EM, Intl SC

This is a potential trap. When you actively pick what you're investing in, and changing around your allocations in order to pick up buying opportunities, you are by definition, "actively investing." There is nothing wrong with this approach, especially if you control costs and do it with emotional d...
by wolf359
Mon Dec 10, 2018 10:31 am
Forum: Investing - Help with Personal Investments
Topic: One vs two funds in taxable account
Replies: 3
Views: 295

Re: One vs two funds in taxable account

It has bothered me that our international-heavy Roth IRAs have done so poorly and I've concentrated my int'l allocation there. Roth IRAs are going to be the last money I touch, since they're tax-free and don't have RMDs. I want that pot to grow as big as possible. Therefore, I put money that has th...
by wolf359
Mon Dec 10, 2018 10:26 am
Forum: Investing - Help with Personal Investments
Topic: One vs two funds in taxable account
Replies: 3
Views: 295

Re: One vs two funds in taxable account

I'd argue that Total International Stock Market belongs in a taxable account because: 1) It is reasonably tax-efficient, in that it does not generate much in the way of capital gains, excessive dividends, or other taxable events. 2) You get a foreign tax credit for taxes paid by the fund. (This bene...
by wolf359
Thu Dec 06, 2018 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard advisor suggesting 90/10
Replies: 41
Views: 3085

Re: Vanguard advisor suggesting 90/10

What if I let them manage 50k as per 90/10. The other half 50k, I'll let it sit in a money market till the market crashes (if and when it does crash). This way I'll buy the market when it's down. If it does not crash in the next 2 to 3 years, I'll just put it back in the market. This way I'll expos...
by wolf359
Tue Dec 04, 2018 7:26 pm
Forum: Investing - Theory, News & General
Topic: What percent of Managers beat the market BEFORE fees?
Replies: 94
Views: 5962

Re: What percent of Managers beat the market BEFORE fees?

If someone beat the market year after year for a 20-30 year career, I'd argue that that is evidence that they had skill. I suspect that Ramsey would argue that too. He'd be wrong. Statistically speaking, an investment manager would have to beat the S&P 500 by an average 5 percentage points (500 bps...
by wolf359
Tue Dec 04, 2018 8:32 am
Forum: Investing - Theory, News & General
Topic: What percent of Managers beat the market BEFORE fees?
Replies: 94
Views: 5962

Re: What percent of Managers beat the market BEFORE fees?

This is the Dave Ramsey trap. He often mocks people who say that you can't see who is skilled, because he just looks up the record. And we mock Dave Ramsey because when he looks up the record he's observing who was lucky, not skilled. No, we mock Dave Ramsey because he misses the point that while y...
by wolf359
Mon Dec 03, 2018 5:59 pm
Forum: Investing - Theory, News & General
Topic: What percent of Managers beat the market BEFORE fees?
Replies: 94
Views: 5962

Re: What percent of Managers beat the market BEFORE fees?

However, I can tell who is a good accountant and a bad accountant. Its not a stretch that this applies to investors as well. Based on all the available evidence, it IS in fact a huge stretch. Most professional money managers are incredibly smart and talented. That's not the problem. The problem is ...
by wolf359
Mon Dec 03, 2018 1:38 pm
Forum: Investing - Theory, News & General
Topic: Older Dads - how do you plan for your own retirement while still raising kids?
Replies: 38
Views: 5073

Re: Older Dads - how do you plan for your own retirement while still raising kids?

As they say on the airplane, "Secure your own oxygen mask before helping others." Older parents don't get the luxury of saving for retirement after the kids are out of the house. By the time they're out, you're already at retirement age. For early retirees, you may be in retirement WITH the kids. Yo...
by wolf359
Mon Dec 03, 2018 1:14 pm
Forum: Investing - Theory, News & General
Topic: Edward Jones a Review and Analysis: Can Edward Jones be Used for a Boglehead Three Fund Portfolio?
Replies: 36
Views: 3571

Re: Edward Jones a Review and Analysis: Can Edward Jones be Used for a Boglehead Three Fund Portfolio?

Edward Jones Fee Comparisons of Account Options Tax deferred accounts at Edward Jones: The IRA and money management accounts charge a yearly fee, and charge high commissions, these are only an option really for a non-boglehead investor with a large balance of roll over money that they wish to be ac...
by wolf359
Mon Dec 03, 2018 10:24 am
Forum: Investing - Theory, News & General
Topic: I'm up 5% ytd and I will take it
Replies: 55
Views: 6033

Re: I'm up 5% ytd and I will take it

The statistics say that there may be one or more corrections in even positive years. This is an example of that. There were corrections in both February and October-November, yet we're positive again. It's possible that we will end the year in the black (Santa Claus rally). Keep in mind it could als...
by wolf359
Mon Dec 03, 2018 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Where to put "left over" money
Replies: 18
Views: 1819

Re: Where to put "left over" money

Invest it in a normal (taxable) brokerage account according to your IPS. I'm assuming you have an asset allocation for your retirement accounts. Just incorporate your taxable investments into the same investment plan. Keep in mind the guidance for tax-efficient fund placement: https://www.bogleheads...
by wolf359
Fri Nov 30, 2018 11:55 am
Forum: Personal Consumer Issues
Topic: How do Bogleheads justify taking vacation?
Replies: 102
Views: 4412

Re: How do Bogleheads justify taking vacation?

Can fellow Bogleheads and financially prudent people explain how do you justify taking vacation? So far I have come up with "reasons" for taking vacation, but I can't really justify any of them. - I don't like to do "touristy" things. I couldn't be bothered with whatever monument or landmark. - I a...
by wolf359
Thu Nov 29, 2018 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: MAGI for ACA subsidy
Replies: 2
Views: 497

Re: MAGI for ACA subsidy

Check out the ACA website https://www.healthcare.gov for answers to these questions. Specifically look here: https://www.healthcare.gov/have-job-based-coverage/options/ If you have a job-based coverage that is considered affordable, you probably don't qualify for subsidies. You can still buy from th...
by wolf359
Thu Nov 29, 2018 12:53 pm
Forum: Investing - Theory, News & General
Topic: First Crypto ETF Index Fund launched!!! $HODL
Replies: 67
Views: 5567

Re: First Crypto ETF Index Fund launched!!! $HODL

saintsfan342000 wrote:
Tue Nov 27, 2018 9:23 pm
Hopefully this means that regulators will soon approve that ETF that tracks my performance at the craps table.
It doesn't look like regulators even approved this one...
by wolf359
Tue Nov 27, 2018 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Put spouse on insurance or use own??
Replies: 9
Views: 559

Re: Put spouse on insurance or use own??

Some thoughts: 1) What she is proposing makes sense if either: a) her shared insurance cost is greater than the spousal add-on cost; b) the insurance plan or coverage is better. 2) She might also consider staying on her own plan with the high-deductible option, in order to she qualify for an HSA. He...
by wolf359
Tue Nov 27, 2018 10:24 am
Forum: Investing - Theory, News & General
Topic: Does 100% stocks make sense for very high net worth individuals
Replies: 89
Views: 6890

Re: Does 100% stocks make sense for very high net worth individuals

Considering very higher net worth individuals will want to create generational wealth to be passed on to several generations down the line, does it make sense for these individuals to go 100% stocks, since in the long run (>40 year duration) 100% stocks almost always wins? Always? They always HAVE ...
by wolf359
Mon Nov 26, 2018 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: paying off all but 1 dollar of CC
Replies: 83
Views: 8205

Re: paying off all but 1 dollar of CC

corn18 wrote:
Mon Nov 26, 2018 10:03 am
I keep getting dinged for not having enough debt. Says so right on the screen. My wife gets the same thing. But we are both in the 830+ so I am OK with that.
They're not dinging your credit score. So who's dinging you, and how?
by wolf359
Thu Nov 22, 2018 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: FOMO and Closed Funds
Replies: 16
Views: 1756

Re: FOMO and Closed Funds

Am I missing out on some major gains and wealth-building by not having a portion of my investment portfolio in funds like these? Do you ever find yourself itching to get into a closed fund, especially if it has a growth focus, and doubly so if it has a small-cap growth focus? How do you deal with F...
by wolf359
Thu Nov 22, 2018 10:06 pm
Forum: Investing - Help with Personal Investments
Topic: FOMO and Closed Funds
Replies: 16
Views: 1756

Re: FOMO and Closed Funds

Check out StockChoker. http://stockchoker.com/ Tells you what your return would have been if you had bought a specific stock on a specific date. Just for fun. Great, so instead of going to college in the early 2000's, if I had just put that money in AAPL and then sold at the peak this summer, I wou...
by wolf359
Thu Nov 22, 2018 9:56 pm
Forum: Investing - Theory, News & General
Topic: A lot of us expected a US stock "pull back" is this it?
Replies: 58
Views: 7831

Re: A lot of us expected a US stock "pull back" is this it?

I still consider myself a new-ish investor, been doing it ~7-8 years. Majority of stock is in the US total stock market. Down a pretty decent amount the last few months. Is this the pull back? Because this doesn't feel that bad at all. Lol. (knock on wood) Also, yes I'm aware this is somewhat of a ...
by wolf359
Wed Nov 21, 2018 11:03 am
Forum: Personal Consumer Issues
Topic: Anyone own a Roth oil tank?
Replies: 14
Views: 984

Re: Anyone own a Roth oil tank?

Are you conducting a Roth Back yard Conversion?
by wolf359
Wed Nov 21, 2018 10:59 am
Forum: Investing - Theory, News & General
Topic: What's in your Investor Policy Statement about Bear Markets?
Replies: 52
Views: 3510

Re: What's in your Investor Policy Statement about Bear Markets?

What's your Plan B? https://www.bogleheads.org/forum/viewtopic.php?t=30085 https://www.google.com/search?sitesearch=bogleheads.org&q=plan+b My Plan B is related to the concept of Maximum Tolerable Loss, but isn't the same. I'm in accumulation mode, which means I currently do not have enough assets ...
by wolf359
Wed Nov 21, 2018 10:19 am
Forum: Investing - Theory, News & General
Topic: What's in your Investor Policy Statement about Bear Markets?
Replies: 52
Views: 3510

Re: What's in your Investor Policy Statement about Bear Markets?

Judging by how many threads there are about market downturn, seems like a lot of people are panicking. But still, we are only down like, what, 10%-11% from the top? Not to mention that to reach that top, market had like a 50% rally from Nov 2016. I agree. The question is how did the more experience...
by wolf359
Wed Nov 21, 2018 10:08 am
Forum: Investing - Theory, News & General
Topic: What's in your Investor Policy Statement about Bear Markets?
Replies: 52
Views: 3510

Re: What's in your Investor Policy Statement about Bear Markets?

BEAR MARKET ACTIONS: 1) Make sure the emergency fund is fully funded. Make sure "Plan B" is updated. (Comment: "Plan B" is my plan for an extended job loss.) 2) Switch all automatic purchases to equities only. 3) Make sure investing is automated. You don't want to skip any investing opportunities. ...
by wolf359
Wed Nov 21, 2018 9:47 am
Forum: Investing - Theory, News & General
Topic: What's in your Investor Policy Statement about Bear Markets?
Replies: 52
Views: 3510

Re: What's in your Investor Policy Statement about Bear Markets?

Your investor policy statement should describe what you do under different market conditions. Why do you think that? My investment policy statement describes my risk tolerance and asset allocation targets and ranges. It says nothing about market conditions. From the BH wiki Investment policy statem...
by wolf359
Tue Nov 20, 2018 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: Old Vanguard 401k: can I still move money between funds?
Replies: 7
Views: 428

Re: Old Vanguard 401k: can I still move money between funds?

Yes, you can move money between accounts. However, you cannot add new money. If you withdraw, you have to take it all. Rules may vary, so check with the plan for specifics. If you're planning to do this, generally the only requirement is that you should make sure your balance is greater than $5,000...
by wolf359
Tue Nov 20, 2018 11:44 am
Forum: Investing - Theory, News & General
Topic: What's in your Investor Policy Statement about Bear Markets?
Replies: 52
Views: 3510

What's in your Investor Policy Statement about Bear Markets?

Your investor policy statement should describe what you do under different market conditions. Given that we haven't had a bear market in years, this is the first time that some people are getting tested. We're not quite in bear territory yet, but it's getting close. What's in your IPS regarding bear...
by wolf359
Tue Nov 20, 2018 10:29 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Munis Increasingly Risky
Replies: 94
Views: 8953

Re: Larry Swedroe: Munis Increasingly Risky

Where does the Vanguard limited term tax exempt fund fit in with credit risk? It’s the only one I own. Vanguard muni funds have a typical cross section of credit for the muni market. That's the index, and they are basically index funds. A fund like BMBIX mentioned above has a significantly superior...
by wolf359
Tue Nov 20, 2018 8:40 am
Forum: Investing - Help with Personal Investments
Topic: Old Vanguard 401k: can I still move money between funds?
Replies: 7
Views: 428

Re: Old Vanguard 401k: can I still move money between funds?

Yes, you can move money between accounts. However, you cannot add new money. If you withdraw, you have to take it all. Rules may vary, so check with the plan for specifics. If you're planning to do this, generally the only requirement is that you should make sure your balance is greater than $5,000...
by wolf359
Tue Nov 20, 2018 7:03 am
Forum: Investing - Help with Personal Investments
Topic: FOMO and Closed Funds
Replies: 16
Views: 1756

Re: FOMO and Closed Funds

Check out StockChoker.

http://stockchoker.com/

Tells you what your return would have been if you had bought a specific stock on a specific date.

Just for fun.
by wolf359
Tue Nov 20, 2018 7:01 am
Forum: Investing - Help with Personal Investments
Topic: Old Vanguard 401k: can I still move money between funds?
Replies: 7
Views: 428

Re: Old Vanguard 401k: can I still move money between funds?

Yes, you can move money between accounts. However, you cannot add new money. If you withdraw, you have to take it all. Rules may vary, so check with the plan for specifics. If you're planning to do this, generally the only requirement is that you should make sure your balance is greater than $5,000....
by wolf359
Fri Nov 16, 2018 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: How Long / Hard To Become a Millionaire on Under $100k Income
Replies: 133
Views: 12321

Re: How Long / Hard To Become a Millionaire on Under $100k Income

How long it takes to accumulate $1 million in assets is not a function of income (although the higher the income, the easier it is.) It's a function of: 1) How much is being saved (in absolute dollar amounts). 2) How much time elapses. 3) Market return received (Sequence of returns.) Most people des...
by wolf359
Fri Nov 16, 2018 10:35 am
Forum: Investing - Theory, News & General
Topic: Alpha Architect: Factor Investing Fact Check: Are Value And Momentum Dead?
Replies: 34
Views: 2324

Re: Alpha Architect: Factor Investing Fact Check: Are Value And Momentum Dead?

https://alphaarchitect.com/2018/11/15/factor-investing-fact-check-are-value-and-momentum-dead/ Interesting paper with nice graphics. Very humbling for a factor head like me. S&P 500 is effectively a bet on the mega cap growth corner of the market: a bet that has paid off very well the last 5 years!...
by wolf359
Thu Nov 15, 2018 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Oops! Edward Jones tops Vanguard in customer survey
Replies: 50
Views: 5301

Re: Oops! Edward Jones tops Vanguard in customer survey

Edward Jones will become your best friend for about 1% of your net worth per annum. No, that's too low. Edward Jones AUM fees start at 1.35% for your first $250,000. They charge 1.3% for the next $250,000, etc. The fees don't drop to 1% until after your first $1.5 million. Of course, I'm not includ...
by wolf359
Thu Nov 15, 2018 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy during the last stock market decline
Replies: 58
Views: 6512

Re: Strategy during the last stock market decline

1. Cut back on your spending. Save more. This is easy when everybody else is panicking and also saving. It's like dieting when you have a stomach virus. The Joneses are overextended and aren't spending during a recession, so there's no pressure to spend. 2. Make sure your emergency fund is fully fun...
by wolf359
Thu Nov 15, 2018 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Why I plan on buying a life annuity - even if it is a stupid idea
Replies: 117
Views: 10755

Re: Why I plan on buying a life annuity - even if it is a stupid idea

A "life" annuity is a SPIA... The only "good" annuity. You give the insurance company a big check (Single Premium), they give you money each year for life (Immediate Annuity). It's not a stupid idea. It's a bad investment with poor returns, but it can be a very good idea. Because when you are talki...
by wolf359
Wed Nov 14, 2018 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 493
Views: 49569

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

The NP CD went from 2.1% to 2.2%. At the $100k deposit level for the maximum bonus, the before-tax difference for the two months is about 0.1% x 100000 x 2 /12 = $16.67 For most people, the difference in after-tax return is probably around $10 ~ $13. Isn't that like picking up quarters in front of ...
by wolf359
Wed Nov 14, 2018 8:42 am
Forum: Investing - Theory, News & General
Topic: "What If You Retire At a Stock Market Peak?" - by Ben Carlson
Replies: 49
Views: 6095

Re: "What If You Retire At a Stock Market Peak?" - by Ben Carlson

For these examples I used a simple 4% rule, taking out a flat 4% of the portfolio every single year regardless of the portfolio’s performance or the economic conditions at the time. One of the biggest risks in retirement is inflation because it impacts the purchasing power of your portfolio over ti...
by wolf359
Tue Nov 13, 2018 9:50 am
Forum: Personal Consumer Issues
Topic: Return on CC that I actually did not return??
Replies: 6
Views: 643

Re: Return on CC that I actually did not return??

Well, you could dispute the charge-back and insist that you pay them. However, retail establishments often put strange things on my pending transactions. Authorizing amounts larger than actually charged, running it twice, credits, etc. I watch for what actually gets billed and if those weird transac...
by wolf359
Sat Nov 10, 2018 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone know why SSA has to be notified if you go outside the USA for 30 consecutive days or longer?
Replies: 19
Views: 3615

Re: Does anyone know why SSA has to be notified if you go outside the USA for 30 consecutive days or longer?

A web search seems to show that it only applies to those that receive SSI. If you are traveling outside the U.S. for an extended amount of time, it’s important that you tell Social Security the date you plan to leave and the date you plan to come back, no matter how long you expect your travel to l...
by wolf359
Sat Nov 10, 2018 10:29 am
Forum: Investing - Help with Personal Investments
Topic: New job - not sure how much to 401k and how much to Roth IRA
Replies: 17
Views: 1407

Re: New job - not sure how much to 401k and how much to Roth IRA

Congratulations on the new job! Your math problem is simple. Contribute enough to the 401k to qualify for the match, then max out your Roth IRA. Then contribute additional savings to the 401k until the max (which you currently won't reach at current level of savings.) It looks like you're trying to ...
by wolf359
Fri Nov 09, 2018 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Help. They are removing index funds.
Replies: 56
Views: 4123

Re: 401k Help. They are removing index funds.

I have had exactly the same issue with my wife's 401-k. They eventually "relented," and added back an S&P 500 index fund. It was the Dreyfus S&P 500 (PEOPX), with a net expense ratio of 0.5! I considered it malicious compliance, but my wife doesn't want to pursue it any further. So, I just live with...
by wolf359
Fri Nov 09, 2018 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement and Asset Allocation
Replies: 20
Views: 2010

Re: Early Retirement and Asset Allocation

When you early retire, I'd suggest the following contingency plans: 1) Calculate your numbers without using the house. If your portfolio is between half to equal with its starting value after ten years, consider selling the house to replenish the portfolio. In other words, keep the house as a potent...
by wolf359
Thu Nov 08, 2018 7:43 pm
Forum: Investing - Theory, News & General
Topic: Do you prefer etfs or mutual funds?
Replies: 52
Views: 4801

Re: Do you prefer etfs or mutual funds?

This is my first thread! Glad I joined this community of smart and savvy investors. I’m very fortunate for everyone’s input on a day to day basis. My question... Do you prefer etfs or mutual funds? I honestly prefer etfs. They have daily liquidity and are tax efficient. I know Bogle prefers to use ...
by wolf359
Thu Nov 08, 2018 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Free Credit Monitoring - Need All 3 Credit Bureaus Included
Replies: 7
Views: 533

Re: Free Credit Monitoring - Need All 3 Credit Bureaus Included

Just lock all 3 credit bureaus. It's free, and much more effective than a monitoring agency. It's also very easy.