Search found 420 matches

by assumer
Mon May 19, 2014 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: 2600 days of every dollar tracked
Replies: 68
Views: 7809

Re: 2600 days of every dollar tracked

The OP has been very forthcoming with spending habits. I find his willingness to share results of this personal experiment and the condescending nature of some of our members both to be quite enlightening. No where in the OP did I see a request to fix his budget or cast judgement on life choices. U...
by assumer
Mon May 19, 2014 10:22 am
Forum: Investing - Help with Personal Investments
Topic: 2600 days of every dollar tracked
Replies: 68
Views: 7809

Re: 2600 days of every dollar tracked

Hard to believe you spent $2662.00 for health in a span of 2600 days. That is approx. $374.00/year for insurance, dental, eyes and medicine. You are very fortunate. I had healthcare through my school during my B.S., M.S., and Ph.D. It only took out a small percentage of my stipend (which I did keep...
by assumer
Mon May 19, 2014 9:51 am
Forum: Investing - Help with Personal Investments
Topic: 2600 days of every dollar tracked
Replies: 68
Views: 7809

Re: 2600 days of every dollar tracked

Alright since people seem to be interested in this, here are some more charts derived from the underlying data (which has 8000 datapoints right now). I created these charts after reading a bunch of threads on this forum discussing what a good "savings rate" should be, especially for someone young. A...
by assumer
Mon May 19, 2014 9:25 am
Forum: Investing - Help with Personal Investments
Topic: 2600 days of every dollar tracked
Replies: 68
Views: 7809

Re: 2600 days of every dollar tracked

I always tried to get my friends to play credit card roulette because 1.) I usually drink more than them Ah mathematically, your expected value of the amount you'd spend on a uniform random distribution of cards selected when you drink more than them is net positive for you! Edit: But very high var...
by assumer
Mon May 19, 2014 9:24 am
Forum: Investing - Help with Personal Investments
Topic: 2600 days of every dollar tracked
Replies: 68
Views: 7809

Re: 2600 days of every dollar tracked

I love the graph over time. As I read it, you drank a lot in 2008 before the crash. You are drinking a lot now. Should we be selling everything? Are you? Clearly correlation = causation :) Drinking a lot back then was the year I (and all my friends) turned 21, which was also my senior year of colle...
by assumer
Mon May 19, 2014 9:07 am
Forum: Investing - Help with Personal Investments
Topic: 2600 days of every dollar tracked
Replies: 68
Views: 7809

Re: 2600 days of every dollar tracked

The detail in yours made me think you must be in financial/accounting , no need to respond, just laugh at me to yourself if I'm wrong. Close enough. Engineering with a love of the mathematics of business and finance (as noted by my enjoyment of the math learned on bogleheads regarding investing, an...
by assumer
Mon May 19, 2014 9:05 am
Forum: Investing - Help with Personal Investments
Topic: 2600 days of every dollar tracked
Replies: 68
Views: 7809

Re: 2600 days of every dollar tracked

Old Guy wrote:Too much alcohol. It will increase your health costs down the road.
Noted. I am easing back now on the volume and focusing on quality of things I enjoy now that I'm no longer in my early 20's.
by assumer
Mon May 19, 2014 9:04 am
Forum: Investing - Help with Personal Investments
Topic: 2600 days of every dollar tracked
Replies: 68
Views: 7809

Re: 2600 days of every dollar tracked

How much work do you put in to maintain this? Or do your accounts automatically sync to your spreadsheets? Which software did you use for tracking ? I also track every dollar (and cent) using Quicken. It doesn't take all that much time, especially since I attempt to spend as little as possible in c...
by assumer
Sun May 18, 2014 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: 2600 days of every dollar tracked
Replies: 68
Views: 7809

Re: 2600 days of every dollar tracked

Thanks for sharing. I am very impressed by your ability to keep count and I love the graphs and pie charts. You're welcome. I am concerned that your expenses of alcohol of food and alcohol have been rising recently. Have you considered to keep check of your calories burnt and weight in these charts...
by assumer
Sun May 18, 2014 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: 2600 days of every dollar tracked
Replies: 68
Views: 7809

Re: 2600 days of every dollar tracked

Perhaps people are interested in the links in 'Banks that categorise your expenses', where this helpful analysis is done for you... http://www.bogleheads.org/forum/viewtopic.php?f=2&t=138429 Good. I'm actually a big fan of Mint.com and use it to make sure I don't miss anything from my credit cards....
by assumer
Sun May 18, 2014 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: 2600 days of every dollar tracked
Replies: 68
Views: 7809

Re: 2600 days of every dollar tracked

Good for you. So, now what--do you have savings plan and financial goals? Wish I'd had them at your age; now I'm playing catch up and keeping my fingers crossed. Forgot to respond to your question in my post. Right now I am focused completely on the income side of things. I am investing a lot of ti...
by assumer
Sun May 18, 2014 8:29 pm
Forum: Investing - Help with Personal Investments
Topic: 2600 days of every dollar tracked
Replies: 68
Views: 7809

Re: 2600 days of every dollar tracked

Thanks for the compliments. Some responses: You need to plot your expenses over time so you can see how they changed for various points of your life. I have a feeling your college costs look different than your current ones So I do a moving average of specific categories. Here is a moving average wi...
by assumer
Sun May 18, 2014 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: 2600 days of every dollar tracked
Replies: 68
Views: 7809

Re: 2600 days of every dollar tracked

Zabar wrote:Thanks for posting.

It's interesting that you consider gambling an income category rather than an expense category that's temporarily negative. :twisted:
The reason is that i was part of several card counting teams so it was closer to investing or work the way i did it.
by assumer
Sun May 18, 2014 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: 2600 days of every dollar tracked
Replies: 68
Views: 7809

2600 days of every dollar tracked

I began religiously keeping track of my expenses and income (including petty cash) for every single transaction 2600 days ago on 2007-04-05 using a custom excel spreadsheet. I was 20 years old. I am now 27 years old. This is where every dollar I spent and made came from, with significant life events...
by assumer
Mon May 12, 2014 7:35 am
Forum: Investing - Theory, News & General
Topic: Why is Two Fund Less Popular Than Three Fund Portfolio?
Replies: 151
Views: 17125

Re: Why is Two Fund Less Popular Than Three Fund Portfolio?

And I'd add Lifestrategy or vanguard target retirement funds are great but how many 401 plans have them I am self-employed and so use target retirement in my etrade solo 401k (Target 2050) and a lifestrategy (80% bond, 20% stock) for my personal savings. Both are 1-fund portfolios. Yes there may be...
by assumer
Sun Apr 27, 2014 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Help: Tax Advantage Accounts for Self Employed
Replies: 22
Views: 5101

Re: Help: Tax Advantage Accounts for Self Employed

One of the reasons I chose etrade for a solo-401k is that it allows 401k loans which you can use for house down payments, etc.
by assumer
Fri Apr 25, 2014 12:46 pm
Forum: Investing - Theory, News & General
Topic: If a corp is correctly valued, are stock options worth any?
Replies: 17
Views: 1573

Re: If a corp is correctly valued, are stock options worth a

Assuming the above is correct, (and it looks a little off to me) another way to look at is is the ending balance of the option is really: ( $Y * (S&P growth) - $X) + MAX(0, $X * (stock value - 3) ) That is to say you don't exercise the options if the price goes down. This is important because that ...
by assumer
Fri Apr 25, 2014 11:43 am
Forum: Investing - Theory, News & General
Topic: If a corp is correctly valued, are stock options worth any?
Replies: 17
Views: 1573

Re: If a corp is correctly valued, are stock options worth a

Also -- are we talking about salary vs options? That's truly a devil's trade, because salary has a lasting effect on your future career even if you leave this company. That would make it all the harder to make a comparison, and you might want to just make a gut call about the prospects of this comp...
by assumer
Fri Apr 25, 2014 11:32 am
Forum: Investing - Theory, News & General
Topic: If a corp is correctly valued, are stock options worth any?
Replies: 17
Views: 1573

Re: If a corp is correctly valued, are stock options worth a

Since I didn't see it above, One of the "points" of stock options is that they are, to you, leveraged. ie, you might get $1, or you might get offered $1.10 in restricted stock, or you might get offered $5 in stock options. The stock options are always valued by some multiple -- such that when they ...
by assumer
Fri Apr 25, 2014 11:16 am
Forum: Investing - Theory, News & General
Topic: If a corp is correctly valued, are stock options worth any?
Replies: 17
Views: 1573

Re: If a corp is correctly valued, are stock options worth a

Generally speaking, an offer of $3 per share for something worth that amount isn't much of a deal, The $3 was an example. It isn't actually the amount offered. (wouldn't use the S&P) Again, just an example of an index. public companies have a large number of reporting and regulatory requirements de...
by assumer
Fri Apr 25, 2014 10:16 am
Forum: Investing - Theory, News & General
Topic: If a corp is correctly valued, are stock options worth any?
Replies: 17
Views: 1573

If a corp is correctly valued, are stock options worth any?

The specifics of my situation aren't really important, but suffice it to say I've been offered a piece of my salary as either cash or stock options. Now, let's say small private startup Company A has a stock that's worth $3 / share. I am offered stock options to buy shares at $3 / share sometime in ...
by assumer
Wed Apr 16, 2014 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Looking at top 1% for actionable insight
Replies: 73
Views: 10908

Re: Looking at top 1% for actionable insight

Its not all one thing, its a combination of: (1) innate talent; (2) lots of hard-work/practice; and (3) being in the right place at the right time (good luck). I think (3) is an excuse people give to account for "luck", when in fact it's identifying a product that the world needs right now. People ...
by assumer
Mon Mar 03, 2014 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Refinancing
Replies: 22
Views: 7202

Re: Student Loan Refinancing

Just wanted to follow up and see if anyone has actually ended refinancing through DRB and what their experience is. There have been a lot of comments back and forth about them which I've been following here: http://whitecoatinvestor.com/refinance-your-medical-school-loans-at-a-lower-rate/ Read the ...
by assumer
Fri Dec 20, 2013 7:10 am
Forum: Investing - Help with Personal Investments
Topic: 26y/o in 25% bracket should I even be doing Roth IRA?
Replies: 14
Views: 2099

Re: 26y/o in 25% bracket should I even be doing Roth IRA?

Bonhomie wrote:2) tax diversification
This is an important point. We don't know what the future holds, and if tax rates increase by a significant amount, it may be prudent to hedge your bets and have some after-tax retirement savings in a Roth IRA.
by assumer
Mon Dec 16, 2013 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting work
Replies: 63
Views: 8211

Re: Quitting work

I have fantasies of how to quit work, they are interesting... Are you talking about retiring or just quitting your current job? It doesn't have to be a dramatic event, you just give your two weeks' notice and move on to the next job if you have or want one. What's the benefit of making an "interest...
by assumer
Wed Dec 04, 2013 8:10 am
Forum: Personal Consumer Issues
Topic: Thoughts on having kids?
Replies: 101
Views: 5488

Thoughts on having kids?

As a mid-20's male, I have not yet decided if I want to have kids in the future (or marriage for that sake). I am interested in hearing from those who chose not to have kids and whether or not you regret it. Also I doubt anyone would admit it but those who have kids and perhaps wonder what life woul...
by assumer
Tue Dec 03, 2013 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: Why is automatically reinvesting dividends bad in taxable?
Replies: 21
Views: 2404

Re: Why is automatically reinvesting dividends bad in taxabl

Why would FIFO be your choice, out of curiosity? The first in may be the highest (or the lowest) cost, or somewhere in between. What is the advantage? Oh, I just assumed (yeah, I know...) that if stocks have a positive expected value over time, then on average the FIFO would be the stocks with the ...
by assumer
Tue Dec 03, 2013 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: Why is automatically reinvesting dividends bad in taxable?
Replies: 21
Views: 2404

Re: Why is automatically reinvesting dividends bad in taxabl

VictoriaF wrote:If you manage dividends separately you can use them for rebalancing. If stocks are high you put dividends into bonds, and vice versa.

Victoria
Oh okay that makes sense. For me I use only a single target-retirement fund for everything in every account, so I suppose that doesn't apply to me.
by assumer
Tue Dec 03, 2013 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Why is automatically reinvesting dividends bad in taxable?
Replies: 21
Views: 2404

Why is automatically reinvesting dividends bad in taxable?

In the past, I understand that you would have many more granular "costs bases" to keep track of. So if dividends were distributed every month, for example, you'd have 12 different cost bases each year for relatively small amounts of money. As compared to sweeping it into a MM account and reinvesting...
by assumer
Thu Nov 21, 2013 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Why I will use Target Retirement for the foreseeable future.
Replies: 38
Views: 4961

Re: Why I will use Target Retirement for the foreseeable fut

Can I simply do an exchange to avoid risk of being out of the market? Please advise, love this thread!! Yes, extremely easy, and exactly as you described. Simply exchange 100% into the target retirement. In tax-advantaged accounts, there are no tax implications either. Why not buy the vanguard targ...
by assumer
Thu Nov 21, 2013 4:33 am
Forum: Investing - Help with Personal Investments
Topic: Why I will use Target Retirement for the foreseeable future.
Replies: 38
Views: 4961

Re: Why I will use Target Retirement for the foreseeable fut

But it's hard for me to let go of small or value tilting. {Wellington; Wellesley; short-term-bond fund}. ... But for now, cannot bring myself to let go of tilting slices. To each his own. I have no need nor desire for any tilting. I have not been convinced by the evidence that there is an increased...
by assumer
Wed Nov 20, 2013 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Why I will use Target Retirement for the foreseeable future.
Replies: 38
Views: 4961

Re: Why I will use Target Retirement for the foreseeable fut

I'm with you - except I just found out my husband's Fidelity 403b has spartan funds available, and those are much less expensive than Fidelity's TR funds. Once we get organized next year we will switch out of his TR fund and probably go to a 3 fund portfolio. If you can have all your assets at Vang...
by assumer
Wed Nov 20, 2013 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: Why I will use Target Retirement for the foreseeable future.
Replies: 38
Views: 4961

Re: Why I will use Target Retirement for the foreseeable fut

I am no expert, but because of my age of 65 and interest, I have learned quite a bit about the Great Depression. Stocks lost about 90% of their value over 3 years. At my age, would I want to re-balance every day, every week or whatever is done as stocks went down, for THREE years. A 50/50 fund woul...
by assumer
Wed Nov 20, 2013 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Why I will use Target Retirement for the foreseeable future.
Replies: 38
Views: 4961

Re: Why I will use Target Retirement for the foreseeable fut

I don't understand the short term savings thing though. Where would you hold that other than a taxable account? And, you say you don't have taxable accounts yet. Can you clarify? I have very minimal taxable savings yet as I am just about to embark on my first job out of graduate school next year. T...
by assumer
Wed Nov 20, 2013 11:02 am
Forum: Investing - Help with Personal Investments
Topic: Why I will use Target Retirement for the foreseeable future.
Replies: 38
Views: 4961

Why I will use Target Retirement for the foreseeable future.

Rebalancing a three-fund portfolio, trying to add in a small piece of international bonds, etc., through Vanguard funds seems like a reasonable thing to do. But my time is valuable. I am going to consolidate everything into VFIFX (Target Retirement 2050). I will have a 1-fund portfolio. Yes, costs m...
by assumer
Tue Nov 19, 2013 3:31 pm
Forum: Investing - Theory, News & General
Topic: Delete Wiki [Article] on Tax-Efficient Asset Location
Replies: 285
Views: 26946

Re: Fund placement from the Bogleheads' Guide to Investing.

Electron wrote:End Wealth Measured Before Tax or After Tax
Why would one ever want to use pre-tax wealth?
by assumer
Sun Nov 17, 2013 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Where to put cash needed in one year
Replies: 8
Views: 1707

Re: Where to put cash needed in one year

Clever; I never thought about opening a 529 with the desire to purposefully pay the penalty to get a better FDIC insured yield.
by assumer
Sun Nov 17, 2013 9:05 pm
Forum: Investing - Theory, News & General
Topic: Delete Wiki [Article] on Tax-Efficient Asset Location
Replies: 285
Views: 26946

Re: Delete Wiki on Tax-Efficient Asset Location

Hi guys, First off, it's great that we're willing to revisit such a long-standing article. But I think that in all of this discussion (and certainly in the Wiki article itself), one point gets missed, which IMHO underlies the results in the Reed paper and less's arguments although both present it i...
by assumer
Sun Nov 17, 2013 12:47 pm
Forum: Investing - Theory, News & General
Topic: Delete Wiki [Article] on Tax-Efficient Asset Location
Replies: 285
Views: 26946

Re: Delete Wiki on Tax-Efficient Asset Location

Could we word it such that we talk about the "expected tax cost"? So that takes into account relative yields and changing tax brackets. We could discuss putting funds with the "highest expected tax cost" in the most tax efficient accounts. So for example, you have $20k to invest, and you want $10k i...
by assumer
Sat Nov 16, 2013 4:45 pm
Forum: Investing - Theory, News & General
Topic: Delete Wiki [Article] on Tax-Efficient Asset Location
Replies: 285
Views: 26946

Re: Delete Wiki on Tax-Efficient Asset Location

We can discuss more about this: http://thefinancebuff.com/tax-efficienc ... olute.html which outlines situations where the tax rate / efficiency itself does not necessarily justify putting funds in tax-efficient vehicles.
by assumer
Fri Nov 15, 2013 9:20 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Individual 401k - Roth option
Replies: 7
Views: 2456

Re: Fidelity Individual 401k - Roth option

While we're on the topic, is there a downside to using, say, Vanguard, and then if you change your mind 2 years down the road, simply open a Fidelity 401k and roll your Vanguard one into the new Fidelity one? Not sure how the fidelity plan, which does not have Roth sub account, handle Roth assets t...
by assumer
Fri Nov 15, 2013 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Individual 401k - Roth option
Replies: 7
Views: 2456

Re: Fidelity Individual 401k - Roth option

While we're on the topic, is there a downside to using, say, Vanguard, and then if you change your mind 2 years down the road, simply open a Fidelity 401k and roll your Vanguard one into the new Fidelity one?
by assumer
Fri Nov 15, 2013 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Individual 401k - Roth option
Replies: 7
Views: 2456

Re: Fidelity Individual 401k - Roth option

Vanguard's solo 401(k) is called Individual 401(k) and has the option for Roth employee salary deferral. No rollovers from other accounts like IRA. Vanguard individual 401(k) https://investor.vanguard.com/what-we-offer/small-business/individual-401k?Link=facet Fidelity's plan is called Self Employe...
by assumer
Fri Nov 15, 2013 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Buying 1st Home vs. Staying Mobile for Career Growth
Replies: 11
Views: 1187

Re: Buying 1st Home vs. Staying Mobile for Career Growth

Rent a single family home. In the region I live, it's actually not too much more expensive than buying the home with all the costs. It's the route I'll likely go next year.
by assumer
Wed Nov 13, 2013 11:20 am
Forum: Investing - Help with Personal Investments
Topic: Individual 401k Contribution Year
Replies: 3
Views: 308

Re: Individual 401k Contribution Year

Solo 401(k) contributions for sole proprietors are driven by schedule C net business income. If there is no net business income, I don't think any contributions are allowed. It works differently for S-Corp because the solo 401(k) contributions are driven by the S-corp W-2 salary. The S-corp could h...
by assumer
Wed Nov 13, 2013 11:02 am
Forum: Investing - Help with Personal Investments
Topic: Individual 401k Contribution Year
Replies: 3
Views: 308

Individual 401k Contribution Year

Assume I start a sole proprietorship in December 2013 and open an individual 401k in December. But I don't bring in any revenue until January 2014. Can I still contribute to 2013's 401k limits in January (before I file my taxes)?
by assumer
Wed Nov 13, 2013 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Help Choosing a ACA Plan
Replies: 51
Views: 3822

Re: Help Choosing a ACA Plan

Greenie wrote:The representative at Kaiser said I could contribute to my HSA account even if I don't have a "HSA Plan".
Huh? I don't understand. Have you verified this?
by assumer
Tue Nov 12, 2013 4:37 pm
Forum: Investing - Help with Personal Investments
Topic: No Admiral Shares in a Vanguard Individual 401(k)
Replies: 45
Views: 11891

Re: No Admiral Shares in a Vanguard Individual 401(k)

To the poster above - no, Fidelity i401k does not allow loans. There are other places that do, but Fidelity is not one of them. Oh, my mistake, you're right. It was T-Rowe Price I was thinking of: 5.14 LOANS TO PARTICIPANTS A Participant may receive a loan from the Fund, subject to the following ru...
by assumer
Tue Nov 12, 2013 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: No Admiral Shares in a Vanguard Individual 401(k)
Replies: 45
Views: 11891

Re: No Admiral Shares in a Vanguard Individual 401(k)

Fidelity wins here where you can rollover IRAs and use ETF shares. I'm starting to agree with you. I just discovered this while trying to convert investor shares to admiral shares. Combined with the fact that you cannot roll a SEP-IRA in to allow backdoor Roths, there's a lot of incentive to just g...
by assumer
Tue Nov 12, 2013 10:00 am
Forum: Investing - Help with Personal Investments
Topic: 23 year old ready to start my investing life.
Replies: 40
Views: 5521

Re: 23 year old ready to start my investing life.

Regarding tIRA vs. Roth IRA, I decided to go with roth because:

1. You can take out the principal at any time.
2. I plan to have a traditional 401k in the future, and want to diversify against future changes in tax law.