Search found 5291 matches

by FIREchief
Tue Aug 25, 2020 4:10 pm
Forum: Investing - Theory, News & General
Topic: Why does Vanguard hide its phone number?
Replies: 52
Views: 4760

Re: Why does Vanguard hide its phone number?

I think Vanguard found out that most customers get their questions answered at Bogleheads.org which is open 365/24/7, so they shut down their phone service. I always got more useful answers on Bogleheads than by calling VG customer service. I once had to explain to a VG rep that we could in fact do...
by FIREchief
Tue Aug 25, 2020 1:18 pm
Forum: Investing - Theory, News & General
Topic: Submitting an ETF sell order at Fidelity outside of market hours
Replies: 16
Views: 887

Re: Submitting an ETF sell order at Fidelity outside of market hours

Scenario: a person wishes to sell some ETF shares (VTI) at Fidelity, but is unable to access a computer during market hours due to work. It looks like they can submit a "standard hours" order after market close that will execute during the next trading day. Considering the high liquidity of VTI, is...
by FIREchief
Tue Aug 25, 2020 12:58 pm
Forum: Investing - Theory, News & General
Topic: "Why Young Investors Shouldn't Dabble in Stocks"
Replies: 43
Views: 4353

Re: "Why Young Investors Shouldn't Dabble in Stocks"

That's kind of confusing. The title suggested (at least to me) that young investors shouldn't own stocks. Apparently that's not what "shouldn't dabble" means.
by FIREchief
Tue Aug 25, 2020 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance question
Replies: 9
Views: 930

Re: Inheritance question

Savingsgal wrote: Tue Aug 25, 2020 12:49 pm What's the rate on your mortgage?

-3.25
There's probably a strong case to be made to pay off your mortgage. You would essentially be earning 3.25% guaranteed interest, which is much(!) better than you can earn in any safe fixed income investments right now.
by FIREchief
Tue Aug 25, 2020 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance question
Replies: 9
Views: 930

Re: Inheritance question

Recently came into an inheritance of about $200k. $120k cash and $80k in an inherited IRA. HHI 200k We are trying to decide on how to manage the inheritance. Age 41/50 and have a 9 and 6 year old. $480k combine in retirement ( currently maxing our 401k/Roth) $400k house with $250k left on mortgage ...
by FIREchief
Tue Aug 25, 2020 11:35 am
Forum: Investing - Theory, News & General
Topic: Changing how the Fed views inflation
Replies: 32
Views: 2226

Re: Changing how the Fed views inflation

I invested in TIPS because I'm afraid of a change in Fed target. "Inflation Is the Way to Pay Off Coronavirus Debt": Hiring the fox to guard the henhouse :twisted: TIPs investors are setting themselves up for disappointment, the open question is by how much. Disappointment ? That depends on what TI...
by FIREchief
Tue Aug 25, 2020 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Pursue Inheritance Asset or Let it Go?
Replies: 14
Views: 2141

Re: Pursue Inheritance Asset or Let it Go?

Regarding the paintings, my first thoughts are: 1) Are they actually owned by the trust? I don't know how "ownership" is established for items that don't have a formal title. If not owned by the trust, you may need to open probate to handle them. I believe that typically at the time a living trust ...
by FIREchief
Mon Aug 24, 2020 5:16 pm
Forum: Investing - Theory, News & General
Topic: Changing how the Fed views inflation
Replies: 32
Views: 2226

Re: Changing how the Fed views inflation

Yikes!!! I guess I had better move ALL of my fixed income to TIPS!

Wait a tick.....I already did! 8-)
by FIREchief
Mon Aug 24, 2020 11:57 am
Forum: Investing - Theory, News & General
Topic: Market will be at all time high by year-end
Replies: 155
Views: 16352

Re: Market will be at all time high by year-end

I can officially resurrect this thread based on the US stock market futures. My prediction was correct. :beer Congrats! :beer What is your AUM fee? :twisted: LOL. Buy and hold, stay the course isn't really management; so how could there be a management fee? Pay InvestorNewb to do nothing? :P Yeah, ...
by FIREchief
Mon Aug 24, 2020 11:19 am
Forum: Investing - Theory, News & General
Topic: Market will be at all time high by year-end
Replies: 155
Views: 16352

Re: Market will be at all time high by year-end

What a bunch of freakin' nit-pickers! :P This is a really cool thread. I totally missed this until today. InvestorNewb may not be the smartest guy/girl in the room, but he/she is definitely smarter than most of us (in a certain type of "smart"). While I've never had a problem staying the course, it ...
by FIREchief
Mon Aug 24, 2020 11:11 am
Forum: Personal Investments
Topic: Fidelity HSA Investments
Replies: 12
Views: 931

Re: Fidelity HSA Investments

Our HSAs are currently a combination of individually held TIPS and US TMI (total market index) funds. I'll likely migrate them to all US TMI as we liquidate some after-tax equity holdings. The HSA TIPS were originally an extension of my TIPS centric LMP. It all depends upon how you envision using yo...
by FIREchief
Mon Aug 24, 2020 10:29 am
Forum: Personal Finance (Not Investing)
Topic: At what point do you start hiring advisors?
Replies: 28
Views: 2888

Re: At what point do you start hiring advisors?

I would hire an advisor only if I aged to the point where my cognitive abilities were shrinking and I didn't have a responsible, adult family member who I could trust to assist. It would likely be Vanguard PAS at .3% AUM (assets under management). Regarding Roth conversions. I've never heard of an A...
by FIREchief
Sun Aug 23, 2020 5:44 pm
Forum: Investing - Theory, News & General
Topic: When should one share financials with their children?
Replies: 205
Views: 13286

Re: When should one share financials with their children?

Thanks for the great post! :beer Today my spouse, me, and our daughter are all co-trustees of our revocable living trust. (The trust only holds our home and our rental property.) Our daughter has a DPOA on all of our investment accounts, and they’re also all TOD/POD. Finally she’s a joint owner on o...
by FIREchief
Sun Aug 23, 2020 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Do you talk to your friends/family/coworkers about this stuff?
Replies: 210
Views: 16815

Re: Do you talk to your friends/family/coworkers about this stuff?

About as far as I will go is to suggest to somebody paying an AUM FA 1.0% - 1.5% that they might want to check out VG PAS at .3%. If they wander down that path, I might then suggest to them that after a year or so they might decide to just do it themselves. You have to walk before you can run..... 8-)
by FIREchief
Sun Aug 23, 2020 2:40 pm
Forum: Investing - Theory, News & General
Topic: Current state of TIPS market
Replies: 41
Views: 2879

Re: Current state of TIPS market

I am "supposed to" per my plan add to my TIPS ladder in January and February to buy the 10-year 2031 and the 30-year 2051. But I may hold off if real yields are still negative. There is no rush, as I can buy these on the secondary market or secondary auctions later. Of course, real yields could go ...
by FIREchief
Sun Aug 23, 2020 2:36 pm
Forum: Investing - Theory, News & General
Topic: Current state of TIPS market
Replies: 41
Views: 2879

Re: Current state of TIPS market

I view my TIPS as insurance, not as investment. I have been a homeowner paying for insurance against fire and other disasters for almost 40 years and very grateful that "fires and other disasters" have been "underperforming" for me. I have seen fires overperform for close relatives and neighbors. Y...
by FIREchief
Sun Aug 23, 2020 2:33 pm
Forum: Investing - Theory, News & General
Topic: Current state of TIPS market
Replies: 41
Views: 2879

Re: Current state of TIPS market

TIPS don't do anything particularly well except get sold off in liquidity crises, and there is no futures market for me to lever them efficiently like nominals. They are a scam for the risk averse saver class who has been crushed vs. their risk heavy peers. Well this is interesting. I know that the...
by FIREchief
Sun Aug 23, 2020 1:10 pm
Forum: Investing - Theory, News & General
Topic: Are these forecasts based on valuations reliable at all?
Replies: 29
Views: 1664

Re: Are these forecasts based on valuations reliable at all?

asif408 wrote: Sun Aug 23, 2020 6:33 am But it sure beats just investing blindly without regard to the price you pay.
Actually, investing blindly without regard to price has been a very successful long term strategy for many of us here on the forum. 8-)
by FIREchief
Sun Aug 23, 2020 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Did any inheritance make positive effect on your life?
Replies: 229
Views: 19247

Re: Did any inheritance make positive effect on your life?

Since they turned 18 we have offered each of them a yearly "match" to whatever they put in their registered/tax advantaged accounts. (We have also paid full freight for their college expenses). This family match program has been invaluable. It gave the kids a chance to learn about investing, grow t...
by FIREchief
Sun Aug 23, 2020 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: change my beneficiary to Trust ???
Replies: 2
Views: 359

Re: change my beneficiary to Trust ???

With the retirement accounts you need to be very careful since if it is not done just right the money may need to come out of the IRA and be taxed and distributed to the trust. The problem is that a trust is not an individual so it may not be allowed to keep the money in the IRA. I know of a situat...
by FIREchief
Sun Aug 23, 2020 12:10 pm
Forum: Investing - Theory, News & General
Topic: When should one share financials with their children?
Replies: 205
Views: 13286

Re: When should one share financials with their children?

Supposedly people are good parents with good kids, but not good enough to trust their kids to put their own financial self-interest aside 🤣 This is confusing. Are you suggesting that parents who don't share account balances somehow don't trust their kids? Or, that these parents are placing their ow...
by FIREchief
Sat Aug 22, 2020 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Did any inheritance make positive effect on your life?
Replies: 229
Views: 19247

Re: Did any inheritance make positive effect on your life?

No inheritance from my family, but the gift they (implicitly) gave me in my youth was the absolute certainty that if I lost everything and needed a place to go they would help me out. I never needed that and would have been mortified to have had to ask, but the knowledge was there. As we slip into ...
by FIREchief
Sat Aug 22, 2020 2:35 pm
Forum: Investing - Theory, News & General
Topic: When should one share financials with their children?
Replies: 205
Views: 13286

Re: When should one share financials with their children?

Now I'm curious. I would appreciate it if somebody would either post or PM me a county/state that does post up to date mortgage balances as public information. I would really like to see this.
by FIREchief
Sat Aug 22, 2020 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Cousin died He did not leave a will
Replies: 85
Views: 11335

Re: Cousin died He did not leave a will

Why don't you see if the county where he died has a public administrator who administers estates of decedent's dying without a will or immediate family? This would accomplish having the estate administered and would avoid you getting into what could be a huge project and a real mess. Gill +1 This i...
by FIREchief
Sat Aug 22, 2020 1:57 pm
Forum: Investing - Theory, News & General
Topic: When should one share financials with their children?
Replies: 205
Views: 13286

Re: When should one share financials with their children?

Does that data base indicate the balance (or original principal amount) of each mortgage? Or, does it just list who the lien holders are (if any)? Firechief, you live in a bubble, go to Zillow or your local county website, all mortgage documents are public documents. Also Spoeko.com and other priva...
by FIREchief
Sat Aug 22, 2020 12:40 pm
Forum: Investing - Theory, News & General
Topic: When should one share financials with their children?
Replies: 205
Views: 13286

Re: When should one share financials with their children?

Does that data base indicate the balance (or original principal amount) of each mortgage? Or, does it just list who the lien holders are (if any)? Firechief, you live in a bubble, go to Zillow or your local county website, all mortgage documents are public documents. Also Spoeko.com and other priva...
by FIREchief
Sat Aug 22, 2020 12:14 pm
Forum: Investing - Theory, News & General
Topic: Are these forecasts based on valuations reliable at all?
Replies: 29
Views: 1664

Re: Are these forecasts based on valuations reliable at all?

They've rarely been reliable in the past. I don't know why this time would be any different.
by FIREchief
Sat Aug 22, 2020 11:50 am
Forum: Investing - Theory, News & General
Topic: VTI - Tracking?
Replies: 23
Views: 1352

Re: VTI - Tracking?

:) @ the "active management indices" ... true... funny on another note ... Is there a VG index fund that tracks the DJIA? The DJIA is not an index, so the answer would have to be "no." INDEXDJX: .DJI Well it's not a "real" index. :P What is the definition for "real" index? There probably isn't a un...
by FIREchief
Sat Aug 22, 2020 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Dispute--Any Suggestions?
Replies: 46
Views: 2485

Re: Credit Card Dispute--Any Suggestions?

Contest the charge with your credit card provider. No brainer. 8-)
by FIREchief
Sat Aug 22, 2020 11:27 am
Forum: Investing - Theory, News & General
Topic: VTI - Tracking?
Replies: 23
Views: 1352

Re: VTI - Tracking?

MotoTrojan wrote: Sat Aug 22, 2020 11:10 am
FIREchief wrote: Sat Aug 22, 2020 10:47 am
mrmatter wrote: Sat Aug 22, 2020 1:34 am :) @ the "active management indices" ... true... funny

on another note ... Is there a VG index fund that tracks the DJIA?
The DJIA is not an index, so the answer would have to be "no."
INDEXDJX: .DJI
Well it's not a "real" index. :P
by FIREchief
Sat Aug 22, 2020 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard vs Fido vs Schwab as corporate trustee
Replies: 30
Views: 1695

Re: Vanguard vs Fido vs Schwab as corporate trustee

sport wrote: Sat Aug 22, 2020 12:00 am Vanguard as a trustee would presumably invest in Vanguard's low cost index funds.
You may be correct, but I wouldn't just assume this to be the case.
by FIREchief
Sat Aug 22, 2020 10:47 am
Forum: Investing - Theory, News & General
Topic: VTI - Tracking?
Replies: 23
Views: 1352

Re: VTI - Tracking?

mrmatter wrote: Sat Aug 22, 2020 1:34 am :) @ the "active management indices" ... true... funny

on another note ... Is there a VG index fund that tracks the DJIA?
The DJIA is not an index, so the answer would have to be "no."
by FIREchief
Sat Aug 22, 2020 10:45 am
Forum: Investing - Theory, News & General
Topic: Fidelity: Successful investors forget they have an account
Replies: 53
Views: 10009

Re: Fidelity: Successful investors forget they have an account

burritoLover wrote: Sat Aug 22, 2020 7:20 am Meh - how many here are actually "buy and hold" investors anyway?
Very likely the silent majority. I haven't "tweeked" my investment strategy for years. 100% TIPS for fixed and 100% US TMI for equities. I have no reason to change anything. Simplicity can be a very good thing. 8-)
by FIREchief
Sat Aug 22, 2020 2:36 am
Forum: Investing - Theory, News & General
Topic: Fidelity: Successful investors forget they have an account
Replies: 53
Views: 10009

Re: Fidelity: Successful investors forget they have an account

That's the news from some research Fidelity did. They found that the individual investors who did the best were the ones who forgot they had an account. But O'Shaughnessy relays one anecdote from an employee who recently joined his firm that really makes one's head spin. O'Shaughnessy: "Fidelity ha...
by FIREchief
Sat Aug 22, 2020 2:11 am
Forum: Personal Finance (Not Investing)
Topic: Spreadsheets - Out of here!
Replies: 148
Views: 16402

Re: Spreadsheets - Out of here!

abuss368 wrote: Fri Aug 21, 2020 8:44 pm Any additional updates Bogleheads?
Since you asked.... It continues to baffle me why you seem to be advocating discarding a tool that is essential for long term financial planning because of what were (apparently) some negative experiences that you had with spreadsheets in your past. :confused
by FIREchief
Fri Aug 21, 2020 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Strategy with Loss of Stretch IRA
Replies: 21
Views: 1645

Re: Roth Conversion Strategy with Loss of Stretch IRA

Remember that tax laws change all the time and if I were you I would plan on many changes to come. Meaning don't worry to much about things like the loss of the stretch IRA as nothing is permanent. Are you suggesting that it would be reasonable to plan as if the stretch IRA could return? With Roth ...
by FIREchief
Fri Aug 21, 2020 10:59 pm
Forum: Personal Investments
Topic: DAF recommendations?
Replies: 31
Views: 1501

Re: DAF recommendations?

I made a sizable DAF in 2019 and my accountant said that t he IRS has started looking at large donations and disallowing if the basis isn’t included on the form . Short or long term doesn’t matter. The IRS 8283 instructions state the following: Column (g). Do not complete this column for publicly t...
by FIREchief
Fri Aug 21, 2020 9:57 pm
Forum: Personal Investments
Topic: DAF recommendations?
Replies: 31
Views: 1501

Re: DAF recommendations?

Why do you think you need the basis for donated shares? Are you talking about short term shares? I made a sizable DAF in 2019 and my accountant said that the IRS has started looking at large donations and disallowing if the basis isn’t included on the form. Short or long term doesn’t matter. This s...
by FIREchief
Fri Aug 21, 2020 8:33 pm
Forum: Personal Investments
Topic: DAF recommendations?
Replies: 31
Views: 1501

Re: DAF recommendations?

Thanks everybody. The stock would be coming from a Schwab account. Not sure if this makes it worth going with them or not, I assume I can transfer it to any of the funds perhaps with more paperwork... If your taxable investing account is at Schwab I would use Schwab Charitable for simpler and more ...
by FIREchief
Fri Aug 21, 2020 8:27 pm
Forum: Investing - Theory, News & General
Topic: Submitting an ETF sell order at Fidelity outside of market hours
Replies: 16
Views: 887

Re: Submitting an ETF sell order at Fidelity outside of market hours

Scenario: a person wishes to sell some ETF shares (VTI) at Fidelity, but is unable to access a computer during market hours due to work. It looks like they can submit a "standard hours" order after market close that will execute during the next trading day. Considering the high liquidity of VTI, is...
by FIREchief
Fri Aug 21, 2020 8:24 pm
Forum: Investing - Theory, News & General
Topic: Submitting an ETF sell order at Fidelity outside of market hours
Replies: 16
Views: 887

Re: Submitting an ETF sell order at Fidelity outside of market hours

Since it's VTI I'd probably do a market order and then switch to mutual funds which are a better fit for the situation you've described. I only have one ETF holding, and it is less than 2% of my holdings. I’m not asking for myself. 8-) Also, I hope you would agree that somebody with appreciated ETF...
by FIREchief
Fri Aug 21, 2020 7:24 pm
Forum: Investing - Theory, News & General
Topic: Submitting an ETF sell order at Fidelity outside of market hours
Replies: 16
Views: 887

Re: Submitting an ETF sell order at Fidelity outside of market hours

As long as you use a limit order you’ll be fine. Place it at or almost at the bid. Don’t do a market order - ever, but especially not during off-hours trading. I wasn't proposing an off hours trade. You may wish to review the OP. That said, how does one know the bid when the market is closed? :conf...
by FIREchief
Fri Aug 21, 2020 7:22 pm
Forum: Investing - Theory, News & General
Topic: Submitting an ETF sell order at Fidelity outside of market hours
Replies: 16
Views: 887

Re: Submitting an ETF sell order at Fidelity outside of market hours

I have submitted market orders overnight to be executed the next market open. Indeed, I have even done this with VTI as noted in this post: https://www.bogleheads.org/forum/viewtopic.php?p=2600976#p2600976 That was one of my best trades EVER. My trade took place as expected at the opening cross wit...
by FIREchief
Fri Aug 21, 2020 6:56 pm
Forum: Investing - Theory, News & General
Topic: Submitting an ETF sell order at Fidelity outside of market hours
Replies: 16
Views: 887

Re: Submitting an ETF sell order at Fidelity outside of market hours

Well, there is a risk that some news would drive the ETF to gap up or down at the open. Otherwise, there shouldn't be a concern. Thanks. VTI closed at $172.22 today. If a person was concerned about volatility would it be better to, as an example, submit the order as follows? Order type = limit orde...
by FIREchief
Fri Aug 21, 2020 5:31 pm
Forum: Investing - Theory, News & General
Topic: Submitting an ETF sell order at Fidelity outside of market hours
Replies: 16
Views: 887

Re: Submitting an ETF sell order at Fidelity outside of market hours

Well, there is a risk that some news would drive the ETF to gap up or down at the open. Otherwise, there shouldn't be a concern. Thanks. VTI closed at $172.22 today. If a person was concerned about volatility would it be better to, as an example, submit the order as follows? Order type = limit orde...
by FIREchief
Fri Aug 21, 2020 5:21 pm
Forum: Investing - Theory, News & General
Topic: Submitting an ETF sell order at Fidelity outside of market hours
Replies: 16
Views: 887

Submitting an ETF sell order at Fidelity outside of market hours

Scenario: a person wishes to sell some ETF shares (VTI) at Fidelity, but is unable to access a computer during market hours due to work. It looks like they can submit a "standard hours" order after market close that will execute during the next trading day. Considering the high liquidity of VTI, is ...
by FIREchief
Fri Aug 21, 2020 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Strategy with Loss of Stretch IRA
Replies: 21
Views: 1645

Re: Roth Conversion Strategy with Loss of Stretch IRA

Remember that tax laws change all the time and if I were you I would plan on many changes to come. Meaning don't worry to much about things like the loss of the stretch IRA as nothing is permanent. Are you suggesting that it would be reasonable to plan as if the stretch IRA could return? With Roth ...
by FIREchief
Fri Aug 21, 2020 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Strategy with Loss of Stretch IRA
Replies: 21
Views: 1645

Re: Roth Conversion Strategy with Loss of Stretch IRA

If there is any chance that you'll want to leave the IRA's in trust (for asset protection purposes), than Roth dollars are the clear winners (even if you pay a bit more in taxes than the heirs would under outright inheritance). The SECURE act is not only the death of the stretch IRA, I think it may...
by FIREchief
Fri Aug 21, 2020 2:03 pm
Forum: Investing - Theory, News & General
Topic: When should one share financials with their children?
Replies: 205
Views: 13286

Re: When should one share financials with their children?

I am an old operations manager/risk analyst and see, perhaps, too many problems from darling daughter telling her lover that Mom and Dad own x houses, have y in the bank and z with Schwab. And he tells his friends, etc, etc, etc...ad nauseitem. This mostly comes across as you not trusting your darl...
by FIREchief
Fri Aug 21, 2020 12:49 pm
Forum: Personal Consumer Issues
Topic: Is it worth to relocate for retirement?
Replies: 140
Views: 13459

Re: Is it worth to relocate for retirement?

Don't forget to consider availability of medical care. That nice hospital with access to highly skilled specialists that is only 30 minutes away doesn't mean anything.....until you need it. 8-)