Search found 3492 matches

by RadAudit
Sun Sep 22, 2019 5:16 pm
Forum: Personal Consumer Issues
Topic: Stump Grinder - Ridiculous Side Hustle??
Replies: 21
Views: 2365

Re: Stump Grinder - Ridiculous Side Hustle??

I just had three trees removed from the yard. The tree service included stump grinding.

Are you planning to free-lance stump grinding or become affiliated with a tree service? Either way, how are you going to do that? How is that going to conflict with your day job?
by RadAudit
Fri Sep 20, 2019 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Please critique my semi-retirement plan
Replies: 5
Views: 591

Re: Please critique my semi-retirement plan

AerialWombat wrote:
Fri Sep 20, 2019 5:08 pm
Just out of curiosity, based on your username, are you an RCT or HP?
Neither. It's a long story ...
by RadAudit
Fri Sep 20, 2019 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Please critique my semi-retirement plan
Replies: 5
Views: 591

Re: Please critique my semi-retirement plan

AerialWombat wrote:
Fri Sep 20, 2019 4:40 pm
Am I missing any realistic (not black swan) concerns before transitioning to semi-retirement?
Do your rental properties have sufficient geographical dispersion / diversification to offset the possibility of the collapse of the major business in a one business town?
by RadAudit
Fri Sep 20, 2019 8:27 am
Forum: Personal Consumer Issues
Topic: How hard is it to get into college?
Replies: 140
Views: 6621

Re: How hard is it to get into college?

Your daughter is a sophomore in high school? This stress will go on for sometime as she tries to find her way in life. Your job is to try to provide her the opportunities to learn the skills necessary to survive, and to release some of the pressure on finding out how to get in to the "best" school. ...
by RadAudit
Wed Sep 18, 2019 7:33 am
Forum: Personal Investments
Topic: Failing at Market Timing & Stock Picking- How to get an Asset Allocation I'm Comfortable With
Replies: 34
Views: 2872

Re: Failing at Market Timing & Stock Picking- How to get an Asset Allocation I'm Comfortable With

I was actually a bit worried my portfolio would get attacked for having too many different classes so you helped me feel better.... It's 10 asset classes. This is not an attack - glass houses and stones and all that, especially in my case. IIRC, I've got you beat by a factor of ~2.5X on asset class...
by RadAudit
Mon Sep 16, 2019 8:43 pm
Forum: Personal Investments
Topic: Investing in Retirement
Replies: 11
Views: 1761

Re: Investing in Retirement

Is there an advantage to using different lazy portfolios for the IRA and the Roth? Hard to say. Which lazy portfolios? What are the sizes of the different IRA / Roth portfolios? How long to you plan to draw from one portfolio before you switch to the second portfolio? On a personal note: I try to t...
by RadAudit
Sun Sep 15, 2019 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Would you spend an extra day a week for 1 year working for a luxury
Replies: 27
Views: 2400

Re: Would you spend an extra day a week for 1 year working for a luxury

Would you use up one of your days off every week for a year for a non-necessity? Heavens, I must be getting old. A number of the things you mentioned would end up costing me more in time or money after I purchased them, so I'd have to continue working to keep them and end up not really enjoying the...
by RadAudit
Sat Sep 14, 2019 11:47 am
Forum: Investing - Theory, News & General
Topic: Fidelity beating vanguard now? switch to Fidelity?
Replies: 121
Views: 5124

Re: Vanguard is Falling Behind Compared to Fidelity

Bogle64Pilot wrote:
Sat Sep 14, 2019 8:59 am
At Vanguard it doesn’t matter if you’re a HNW individual or not they treat you like sheep.
Well, at least they treat us all the same. :)
by RadAudit
Sat Sep 14, 2019 8:25 am
Forum: Investing - Theory, News & General
Topic: Benjamin Graham fans: what did "diversification" mean to Graham?
Replies: 33
Views: 2060

Re: Benjamin Graham fans: what did "diversification" mean to Graham?

OP, thanks for starting this thread. It is interesting to me to see how and why the concept of diversification came to be. (Or as one movie character was observed to say - I don't think that word means what you think it means.) The prior poster notes the idea that the growth in the number and size o...
by RadAudit
Fri Sep 13, 2019 8:18 am
Forum: Personal Investments
Topic: Rebalancing by buying more under-performing stock.
Replies: 8
Views: 596

Re: Rebalancing by buying more under-performing stock.

If I invest monthly is it ok to adjust what I buy each month to keep this allocation at 60/40 or is it better to just keep buying 60 US/40 International each month and then re-balance periodically? It depends. If you are employed, buy the asset that is below its target - if it's easy. Or, if your p...
by RadAudit
Wed Sep 11, 2019 4:07 pm
Forum: Investing - Theory, News & General
Topic: Day Trading for a Living?
Replies: 44
Views: 3843

Re: Day Trading for a Living?

I guess I'm showing my age. But didn't the US go through a day trading binge a few years ago? 1999 - 2000? IIRC, there were a few articles about folks shooting up day trading parlors when they found out they lost a lot of money. Probably not an activity one would like to participate in in the presen...
by RadAudit
Tue Sep 10, 2019 10:39 am
Forum: Investing - Theory, News & General
Topic: 5% Withdrawal Rate Recommended by US News Columnist
Replies: 141
Views: 11418

Re: 5% Withdrawal Rate Recommended by US News Columnist

LilyFleur wrote:
Tue Sep 10, 2019 10:23 am
It is all such a gamble.
+1

One thing I picked up from this site - "there is no approach that will guarantee that you won't go broke." May be correct.

YMMV
by RadAudit
Mon Sep 09, 2019 2:47 pm
Forum: Personal Investments
Topic: RMD & Charitable Contribution
Replies: 17
Views: 1372

Re: RMD & Charitable Contribution

My question is more how do we determine which fund(s) should the RMD and the charitable contribution be taken from. I am 72. I have my QCDs and the remaining RMD taken from the bond funds in my IRA. Then I rebalance the portfolio from inside the IRA to its target AA, if the numbers before the rebal...
by RadAudit
Sun Sep 08, 2019 5:39 am
Forum: Personal Finance (Not Investing)
Topic: Surviving Parent Remarrying - What To Do?
Replies: 40
Views: 5226

Re: Surviving Parent Remarrying - What To Do?

What assets were moved in to the trust when it was established? (How was it funded?) It could be that there's nothing in the trust - or very little. And, there may be few actual restrictions on how the assets in the trust are allocated between the trust and the surviving parent. You're going to have...
by RadAudit
Sat Sep 07, 2019 9:41 am
Forum: Investing - Theory, News & General
Topic: 3 fund people how are you feeling?
Replies: 112
Views: 12865

Re: 3 fund people how are you feeling?

I'm happy with my choices Bingo! I've learned a lot from the good people who post to this site. I'm forever in their debt. What I've come to appreciate over time is the idea of "enough." If you can construct a portfolio that'll be sufficient to provide enough through the market ups and downs, you'r...
by RadAudit
Sat Sep 07, 2019 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Obsessing about money and investing
Replies: 21
Views: 2199

Re: Obsessing about money and investing

I make a decent amount of money and it seems like I will reach financial independence soon, but somehow I keep obsessing about all the what-if's. Unless you can figure out a way that obsessing over what-ifs you can't control will improve market returns, I'd point out that you are wasting a lot of t...
by RadAudit
Fri Sep 06, 2019 6:01 pm
Forum: Personal Investments
Topic: I sold my Johnson and Johnson and Eli Lilly stock, bought VTI
Replies: 14
Views: 1840

Re: I sold my Johnson and Johnson and Eli Lilly stock, bought VTI

ronno2018 wrote:
Fri Sep 06, 2019 5:57 pm
Made $6 today with the trade.
Sometimes trading works out well.
by RadAudit
Fri Sep 06, 2019 4:35 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Strategic Model Portfolios - Why???
Replies: 14
Views: 2417

Re: Vanguard Strategic Model Portfolios - Why???

Some folks like complexity and ETFs?

My guess is that VG's marketing found that there were folks out there that liked that approach and they found a way to satisfy those individuals with those products. Not everyone is a three fund guy.
by RadAudit
Fri Sep 06, 2019 4:05 pm
Forum: Personal Investments
Topic: Vanguard Target funds for Inherited IRA
Replies: 17
Views: 836

Re: Vanguard Target funds for Inherited IRA

I think the thing that makes me the most intimidated is which funds to pick (mid cap, small cap, etc - hence why I have had things in the total so far) and then also how it fits with the rest of my portfolio. It is daunting. And there are folks here on every side of that issue - all with well reaso...
by RadAudit
Fri Sep 06, 2019 12:16 pm
Forum: Personal Investments
Topic: Vanguard Target funds for Inherited IRA
Replies: 17
Views: 836

Re: Vanguard Target funds for Inherited IRA

But to clarify, we do not think it is a good idea to just have it in total stock and total international ... right ? Good idea? Sort of depends. First off, there's nothing inherently wrong with the funds. But then the fun starts. Every couple of years you might have to rebalance between the two fun...
by RadAudit
Fri Sep 06, 2019 9:15 am
Forum: Personal Investments
Topic: Vanguard Target funds for Inherited IRA
Replies: 17
Views: 836

Re: Vanguard Target funds for Inherited IRA

Right now money is in VTIAX (total international) and VTSAX (total stock market) only. I'm not someone who is obsessive about my funds and I'm not really at a point yet where I feel comfortable rebalancing everything every year. If you aren't comfortable rebalancing - put it in a target date fund (...
by RadAudit
Wed Sep 04, 2019 8:10 am
Forum: Investing - Theory, News & General
Topic: Investing education
Replies: 14
Views: 942

Re: Investing education

I really enjoy learning about economics as it relates to investing.. All you have to do is … make sure what you learn is right. While on vacation, I was reading Ben Roth's "The Great Depression - A Diary." Ben was a lawyer. And, I am not criticizing Ben. I think at the time he believed in either Sa...
by RadAudit
Tue Sep 03, 2019 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Do you consider your house as part of your bond portfolio?
Replies: 52
Views: 2328

Re: Do you consider your house as part of your bond portfolio?

No.

My house is paid off. However, I do not consider it as part of the portfolio. Because I can't immediately sell it, and I don't know what it would sell for if I had to sell it, I find it difficult to consider it part of the portfolio.
by RadAudit
Sun Sep 01, 2019 10:49 am
Forum: Personal Investments
Topic: Timing a Down Market
Replies: 28
Views: 3307

Re: Timing a Down Market

my wife is getting scared on how many Bogle books I’ve read! Fear is the beginning of wisdom. (See "The Wizard of OZ" (1939) :wink: ) Curious whether those in retirement intentionally hold a higher percentage of assets in bonds or cash in order to take advantage of significant market drops. I've be...
by RadAudit
Sun Sep 01, 2019 8:47 am
Forum: Personal Investments
Topic: Proper Investment Allocation
Replies: 9
Views: 1290

Re: Proper Investment Allocation

I would really appreciate any recommendation as to how should I organize my Vanguard funds or if I should exchange some of the funds to get new ones. If I were approaching this, I'd try to consider all the investments as one portfolio. (Might take a little figuring or a spread sheet to break out a ...
by RadAudit
Sun Sep 01, 2019 8:28 am
Forum: Personal Investments
Topic: Woke up in the hospital. Good time for a review
Replies: 20
Views: 5131

Re: Woke up in the hospital. Good time for a review

Thanks to all for the kind words and great advice. I've PM'd a number of you so the post wouldn't get too long. Thanks again.

And, in a strange way, the event was helpful. The DW and kids became a little more interested in some of the finer points of personal finance.
by RadAudit
Sat Aug 31, 2019 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Educating Spouse on Personal Finance
Replies: 60
Views: 3744

Re: Educating Spouse on Personal Finance

My DW handles the bill paying, check book balancing, etc. (I live quite well on my $10 / wk. WAM, thank you.) She was much less concerned about where the money comes from, especially the investing side of things. Although I wouldn't recommend this approach, she became much more interested in how she...
by RadAudit
Sat Aug 31, 2019 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Investing in my Company Stock Plan (ESPP) - is it worth it?
Replies: 39
Views: 2036

Re: Investing in my Company Stock Plan (ESPP) - is it worth it?

I can get an immediately-vested 100% match of company stock if I purchase $1,500 a year of company stock through payroll contribution. Would it be better to invest the $1,500 in a taxable brokerage account instead? An interesting test case for single stock risk vs. diversification. As long as the $...
by RadAudit
Fri Aug 30, 2019 6:10 am
Forum: Personal Finance (Not Investing)
Topic: What is your plan for the last few years of a long life?
Replies: 213
Views: 12813

Re: What is your plan for the last few years of a long life?

The limited authority limitation is that the agent cannot withdraw money. Can do just about everything else. At least it was that way 3 years ago. Good point. I may be having problems interpreting VG's description of allowed activities. Thanks again. I'll check with VG. I hear their customer suppor...
by RadAudit
Thu Aug 29, 2019 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: While there is a high school question - my daughter wants to graduate early
Replies: 76
Views: 3560

Re: While there is a high school question - my daughter wants to graduate early

If there were an environment where she could thrive with other advanced kids, I'd be more open to it. Gap year or similar. My son worked in the admission's office of a pretty good college one summer - sorting admission applications. The number and types of extra-curricula activities (and we aren't ...
by RadAudit
Thu Aug 29, 2019 8:54 am
Forum: Personal Finance (Not Investing)
Topic: While there is a high school question - my daughter wants to graduate early
Replies: 76
Views: 3560

Re: While there is a high school question - my daughter wants to graduate early

For your daughter, as for all BHer's daughters, there'll probably won't be much - if any - negative impact. From a sample size of one - me - I believe it might have done some good for me to stay in high school one more year. (I was skipped forward a year early in grade school years ago when the admi...
by RadAudit
Wed Aug 28, 2019 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for after getting high income
Replies: 46
Views: 6060

Re: Advice for after getting high income

I'm actively stopping my more frugal tendencies (e.g. I now buy very expensive plane tickets and just round tips up), but this is still only spending ~20% after tax. I think a 50% spending rate after tax is more reasonable, but I don't know what reasonable things to spend another $120k on every yea...
by RadAudit
Wed Aug 28, 2019 9:39 am
Forum: Personal Finance (Not Investing)
Topic: What is your plan for the last few years of a long life?
Replies: 213
Views: 12813

Re: What is your plan for the last few years of a long life?

My wife has kindly offered to put a pillow over my face if this happens, so I'm relieved to not worry about it. I'm just home from the hospital after a seizure. My wife, who had been totally uninterested in personal finance up until that event, finally asked "How can I withdraw money from the portf...
by RadAudit
Tue Aug 27, 2019 3:15 pm
Forum: Personal Investments
Topic: How important is it to have exposure to Intl. Bonds?
Replies: 17
Views: 1348

Re: How important is it to have exposure to Intl. Bonds?

It sort of depends. Short answer - not all that important. Longer answer - It might be somewhat important if you aren't a US citizen. If you aren't going to retire in the US. If you are concerned about the US gov't agencies / US corporations repaying their debts. IIRC, one of the purposes of bonds i...
by RadAudit
Mon Aug 26, 2019 10:00 pm
Forum: Personal Investments
Topic: Woke up in the hospital. Good time for a review
Replies: 20
Views: 5131

Re: Woke up in the hospital. Good time for a review

To help your wife out I'd consider liquidating them all and putting proceeds into cash. They are small "nuisances" that amount to just a little over 2% of your portfolio. The benefit of a Roth at less than 1% of portfolio is very small relative to the complexity of more accounts I agree. Forgot to ...
by RadAudit
Mon Aug 26, 2019 9:55 pm
Forum: Personal Investments
Topic: Woke up in the hospital. Good time for a review
Replies: 20
Views: 5131

Re: Woke up in the hospital. Good time for a review

HomeStretch wrote:
Mon Aug 26, 2019 8:25 pm
For simplicity alone, agree with converting his IRAs to VSCGX.
Thanks for the suggestion.
by RadAudit
Mon Aug 26, 2019 9:53 pm
Forum: Personal Investments
Topic: Woke up in the hospital. Good time for a review
Replies: 20
Views: 5131

Re: Woke up in the hospital. Good time for a review

as long as your spending amount is less than the amount your portfolio grows each year, the portfolio will continue to grow! In a few years, your % to be withdrawn will increase noticably (5%), then the growth may not be able to keep up with that--in some years. Thanks for the reminder. I had figur...
by RadAudit
Mon Aug 26, 2019 9:35 pm
Forum: Personal Investments
Topic: Woke up in the hospital. Good time for a review
Replies: 20
Views: 5131

Re: Woke up in the hospital. Good time for a review

At one point in your post, you say your desired allocation is 40% stocks and 60% bonds. But later you say your AA targets are 49% to each plus 2% cash. His current AA targets are 49% stock, 49% bonds, 25 cash. The desired allocation is VSCGX's AA. The question is if the switch is made to the desire...
by RadAudit
Mon Aug 26, 2019 9:31 pm
Forum: Personal Investments
Topic: Woke up in the hospital. Good time for a review
Replies: 20
Views: 5131

Re: Woke up in the hospital. Good time for a review

livesoft wrote:
Mon Aug 26, 2019 8:14 pm
I don't think it matters what one does with the portfolio.
Thanks. Oddly enough, that's rather helpful.
by RadAudit
Mon Aug 26, 2019 7:48 pm
Forum: Personal Investments
Topic: Woke up in the hospital. Good time for a review
Replies: 20
Views: 5131

Woke up in the hospital. Good time for a review

I woke up in the hospital a couple of days ago - don't know how I got there. (I'm told DW called the EMTs) Docs said it may have been a seizure. And then, I thought it might be a good time to get a portfolio review and have a few simple questions answered. Emergency Funds. None Debt: $2,200. HELOC 6...
by RadAudit
Sun Aug 25, 2019 7:56 am
Forum: Personal Consumer Issues
Topic: Alumni donations to help children get into college
Replies: 64
Views: 5373

Re: Alumni donations to help children get into college

novemberrain wrote:
Sat Aug 24, 2019 9:20 pm
Does it help my kids chances to get into the college if I donate to those universities ? Say one or two thousand dollars per year.
No.

Now, if you were a politician with national recognition, different story - sometimes.
by RadAudit
Wed Aug 21, 2019 8:31 am
Forum: Personal Investments
Topic: Vanguard Change to Personal Adviser Services
Replies: 29
Views: 2747

Re: Vanguard Change to Personal Adviser Services

NYC1 wrote:
Wed Aug 21, 2019 8:23 am
I do not know them personally but I … believe that both Rick & Taylor have done all of us a great service with their work here and respect their opinions!
+1
by RadAudit
Tue Aug 20, 2019 3:16 pm
Forum: Investing - Theory, News & General
Topic: "The Best Diversifiers For Your Equity Portfolio"
Replies: 126
Views: 10513

Re: "The Best Diversifiers For Your Equity Portfolio"

Day9 wrote:
Tue Aug 20, 2019 12:01 pm
This reminds me of how Jack Bogle used to say having an allocation to bonds is like having an "anchor to windward".
What that means to me is that you can keep the boat (and you) from wrecking on a lee shore (that's downwind from your current position.)
by RadAudit
Tue Aug 20, 2019 3:07 pm
Forum: Personal Investments
Topic: Anyone else more aggressive in retirement than required?
Replies: 52
Views: 4267

Re: Anyone else more aggressive in retirement than required?

aware that having stable income and investments can produce circumstances where greater risk can be taken, Just because you can doesn't mean you have to or should. there is no dissatisfaction with either the current allocation or the results. If you are happy with allocation and the results - stay ...
by RadAudit
Tue Aug 20, 2019 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Life Advice: deciding what you want to do.
Replies: 49
Views: 4656

Re: Life Advice: deciding what you want to do.

Piplup1996 wrote:
Tue Aug 20, 2019 12:09 pm
I think I'll just do what I want. I'll report back on this thread.
Excellent first step!
by RadAudit
Tue Aug 20, 2019 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Life Advice: deciding what you want to do.
Replies: 49
Views: 4656

Re: Life Advice: deciding what you want to do.

But I'm tried of being directionless. Aren't we all? You've received some good advice on this thread. And, truth be told, I'm a little afraid of folks who have it all mapped out at 22. Knowing that you aren't married to your career decision (whatever it is) at this age - I suggest you put all the o...
by RadAudit
Tue Aug 20, 2019 7:57 am
Forum: Investing - Theory, News & General
Topic: [Book: Living off Your Money, by M. McClung (Prime Harvesting)]
Replies: 470
Views: 113133

Re: [Book: Living off Your Money, by M. McClung (Prime Harvesting)]

How does Prime or Alternate Prime work when you run out of Bonds, as in a long period (number of years) where your equities doen't ever get to 20% over target (inflation adjusted)? You're definitely in trouble. But you would then also have the most aggressive portfolio possible for rebuilding to wh...
by RadAudit
Tue Aug 20, 2019 5:58 am
Forum: Personal Finance (Not Investing)
Topic: Life Advice: deciding what you want to do.
Replies: 49
Views: 4656

Re: Life Advice: deciding what you want to do.

I loved English Literature, Current Events (Politics), and American History. My favorite elective was art, I got to design a coca-cola poster. I am majoring in Liberal Arts at BMCC, my GPA is 3.500. I have recently won a scholarship. However, I have not found a great subject that I can latch myself...
by RadAudit
Mon Aug 19, 2019 12:15 pm
Forum: Personal Investments
Topic: When Did You Ease Up On Saving Aggressively?
Replies: 170
Views: 13290

Re: When Did You Ease Up On Saving Aggressively?

At time of retirement. +1 But, we starting having kids later (30's) and getting them through college took a while. Then, Mom's final illness / expenses and wrapping up her estate took a couple of years. So, we never had the time or opportunity to let up on the rate of saving until retirement. Edit ...