Search found 1270 matches

by Cash
Sun Mar 21, 2010 6:03 am
Forum: Investing - Help with Personal Investments
Topic: 27 yr old with first real job
Replies: 7
Views: 1915

How much of your checking is for emergency funds, what's your desired allocation, etc.? See here: http://www.bogleheads.org/forum/viewtopic.php?t=6212
by Cash
Sat Mar 20, 2010 7:19 am
Forum: Investing - Theory, News & General
Topic: Dr. Michael Burry- the physician who diagnosed subprime
Replies: 77
Views: 16715

I loved the article, good to see it getting a wide audience. I did notice that Burry seemed to have made some disparaging remarks about Vanguard's index funds and that their had been some legal action over that. Does anyone know what Burry had written? I imagine a diatribe about index investors bei...
by Cash
Sat Mar 20, 2010 6:43 am
Forum: Investing - Help with Personal Investments
Topic: Lump Sum or DCA?
Replies: 26
Views: 2978

If you're one of the tiny fraction of the population that is actually rational, then you should regret opportunity cost as much as real cost. In this case, there is no reason not to lump sum. Doesn't that imply that opportunity cost is always positive? If you calculate the opportunity cost to be ne...
by Cash
Thu Mar 18, 2010 9:01 pm
Forum: Investing - Help with Personal Investments
Topic: 26 Year Old- Looking to Start a ROTH Debating Which company
Replies: 31
Views: 4087

Welcome to the forum. Like you, my family struggled, and I'm really the first one to make saving for retirement a priority, so I commend your efforts. In fact, I'm 28 and only started saving in November, so we're kind of in the same boat. I chose Schwab for the same reasons you cited. When you're r...
by Cash
Thu Mar 18, 2010 5:45 am
Forum: Investing - Help with Personal Investments
Topic: Lump Sum or DCA?
Replies: 26
Views: 2978

I asked the same question before and I got the advice to go all in immediately, which I decided to follow but then did not so I ended up DCAing which I regretted as I should have gone all in the way I originally planned and got the advice... And I did the same thing at the height of the market in 2...
by Cash
Wed Mar 17, 2010 11:59 am
Forum: Investing - Theory, News & General
Topic: high fee brokers survival (i.e. wachovia/wells fargo)?
Replies: 22
Views: 3586

It appears that Bank of America is doing about the same as Wells Fargo now. No, BofA wants you to keep $25K parked in an account "not in line with your portfolio objectives" (ie checkings or savings account). Wells Fargo has $25k minimum, but you can park it where you want so long as it is with Wel...
by Cash
Tue Mar 16, 2010 6:57 pm
Forum: Investing - Help with Personal Investments
Topic: Wells Trade - Wells Fargo
Replies: 141
Views: 20894

Re: Wells Trade - Wells Fargo

Yeah I'm not leaving because of any dissatisfaction with Schwab. I just like the idea of a) having all of my accounts in one place (I also have other brokerage accounts at Zecco and Vanguard) and b) the flexibility of 100 free trades. I will probably continue to invest primarily in Schwab and Vangu...
by Cash
Tue Mar 16, 2010 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: Wells Trade - Wells Fargo
Replies: 141
Views: 20894

Re: Wells Trade - Wells Fargo

Cash, I left because I was consolidating my trad IRA and then converting it into the Roth IRA with Vanguard. You might want to read the following http://www.indextown.com/archives/2010/01/15/adios-to-wells-trade/ As for my taxable account, I zeroed it out last year to take advantage of the spread b...
by Cash
Tue Mar 16, 2010 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Wells Trade - Wells Fargo
Replies: 141
Views: 20894

Have you asked Well Fargo whether they would reimburse Schwab's account closing fee? Regarding Wells Fargo's account closing fee, tricks have been described on how to avoid it. I think I've figured out a way to avoid Schwab's: just do a rollover (i.e., liquidate everything, then write a check for t...
by Cash
Tue Mar 16, 2010 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: Wells Trade - Wells Fargo
Replies: 141
Views: 20894

Re: Wells Trade - Wells Fargo

If one decides to close Wells Trade account - Do they hit you with a exit fee due to balance being under 25K ? I see that nobody has answered this. I closed out my Wells Fargo accounts (IRA,taxable,PMA) recently. The way to do it is to close out the PMA account first when overall the account still ...
by Cash
Tue Mar 16, 2010 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: Wells Trade - Wells Fargo
Replies: 141
Views: 20894

Do you guys think it is worth paying $50 to transfer my IRA from Schwab to WF?
by Cash
Mon Mar 15, 2010 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: 24 Starting Out... Where to go from here?
Replies: 5
Views: 1150

I'm a bit surprised that folks recommend so much in bonds... I thought generally the rule of thumb was when your younger put most of it into stocks and move into bonds as you get older and older... I was thinking of not doing bonds really until I was about 30 and concentrating on higher risk option...
by Cash
Mon Mar 15, 2010 6:20 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA contributions due to loophole?
Replies: 7
Views: 1752

You have to pay taxes on any gains during the pre-conversion period. This has been discussed many times before.
by Cash
Sat Mar 13, 2010 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice for young newlyweds
Replies: 5
Views: 1794

Laura and Landy--thank you both very much for your suggestions. Laura, that was my impression as well upon learning of my 401(k) choices: nice that they included some low-cost index funds, but unfortunate in that they largely overlap with my wife's. Landy, I currently have the Roth IRAs with Schwab ...
by Cash
Sat Mar 13, 2010 10:00 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice for young newlyweds
Replies: 5
Views: 1794

Re: Portfolio advice for young newlyweds

3. Should I contribute $10k to a Roth IRA (conversion) next year, or pay down the loans? I am leaning toward the former, since I will hopefully have paid off my two highest-rate loans by then, and the rest will be in the 4-5% range. I have a similar tax rate and student loan profile, and am maxing ...
by Cash
Sat Mar 13, 2010 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice for young newlyweds
Replies: 5
Views: 1794

Portfolio advice for young newlyweds

My wife and I got married recently, and although I am the primary reason she has invested at all and have managed her portfolios for the past couple of years, I have not really viewed them as a cohesive whole until now. Your advice would be appreciated. Here is the info: Emergency funds = 5 months o...
by Cash
Fri Mar 12, 2010 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: Ready to move out of mutual funds and into indiv. stocks?
Replies: 61
Views: 7707

Ah, so you're in my second phase as noted above. Good luck, and we'll see you in a couple of years :)
by Cash
Thu Mar 11, 2010 6:53 pm
Forum: Investing - Help with Personal Investments
Topic: Ready to move out of mutual funds and into indiv. stocks?
Replies: 61
Views: 7707

Pretty much everybody goes through this phase, I know I did when I was 24. I was arrogant because I was smart and well educated, but ignorant, because frankly financial education in this country is a joke and, for the most part, dictated by the financial institutions that are built to profit from t...
by Cash
Wed Mar 10, 2010 11:26 am
Forum: Investing - Help with Personal Investments
Topic: Ready to move out of mutual funds and into indiv. stocks?
Replies: 61
Views: 7707

I would not "play" in a Roth IRA. The future-tax-free characteristics of a Roth are too precious to lose money in it. There is no easy way to top it up after losses because of the contribution restrictions. And you cannot deduct losses in the Roth IRA from your taxes. Point taken. I was primarily t...
by Cash
Wed Mar 10, 2010 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Ready to move out of mutual funds and into indiv. stocks?
Replies: 61
Views: 7707

I agree with the others that you should definitely stop playing around with your parents' money. Post the options available in their retirement accounts, get advice on establishing a nice allocation, and leave it alone. Now, as for your money, I'm also young (26) and recently had the "play the marke...