Search found 219 matches

by lukestuckenhymer
Fri Jan 17, 2020 12:46 pm
Forum: Investing - Theory, News & General
Topic: Are you a closet market-timer?
Replies: 85
Views: 4424

Re: Are you a closet market-timer?

If the market is tanking/has just tanked in January or February (a la 2019), I will frontload my 403(b) contributions and then back off later in the year in order to just get the maximum employer match. This year, I'm spreading them evenly, though. Either way, I'm still contributing the maximum. Wor...
by lukestuckenhymer
Tue Jan 07, 2020 4:19 pm
Forum: Investing - Theory, News & General
Topic: Odds that Fidelity starts charging an ER for their Zero funds in the future?
Replies: 37
Views: 2157

Re: Odds that Fidelity starts charging an ER for their Zero funds in the future?

Improbable, but it's always a possibility, just like it's a possibility that a credit card that offers extremely generous, loss-leading cash back (5%) could scale back as well.
by lukestuckenhymer
Tue Jan 07, 2020 1:30 pm
Forum: Investing - Theory, News & General
Topic: What do you guys think about a career in insurance sales?
Replies: 80
Views: 4654

Re: What do you guys think about a career in insurance sales?

There is a natural distrust of salespeople in general, and most of the time for good reason. They are patently motivated by their own self-interest, not by yours (This gives people license to be rude to salespeople, unfair or not). I'm okay with salespeople earning a commission for the service they ...
by lukestuckenhymer
Mon Jan 06, 2020 1:17 pm
Forum: Investing - Theory, News & General
Topic: Does Windows 7 void your Vanguard fraud reimbursement?
Replies: 69
Views: 4329

Re: Does Windows 7 void your Vanguard fraud reimbursement?

I will continue using my reliable Windows 7 machine until I am given no choice, as when I upgrade will lose the ability to use some very useful old software that I use a lot. I also don't like Windows 10 as with it I run the risk of having a Windows update forced on my computer that breaks it and k...
by lukestuckenhymer
Fri Jan 03, 2020 4:05 pm
Forum: Investing - Theory, News & General
Topic: Now is a good time to start tracking your net worth.
Replies: 123
Views: 10723

Re: Now is a good time to start tracking your net worth.

Barefoot wrote:
Thu Jan 02, 2020 6:40 pm
Why do I need to know my net worth?

Why should I care?
For many reasons, but chiefly to make sure you're living within your means and (if you're in the accumulation phase) that your NW is on an upward trajectory. Once a month or once a quarter should be enough for most people.
by lukestuckenhymer
Wed Jan 01, 2020 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Drops Agreement Not to Compete With TurboTax
Replies: 82
Views: 9439

Re: IRS Drops Agreement Not to Compete With TurboTax

Very good news. This middleman tax prep scenario seems destined to unravel.
by lukestuckenhymer
Tue Dec 24, 2019 1:01 pm
Forum: Investing - Theory, News & General
Topic: Is there ever a good time to sell and lock in ?
Replies: 84
Views: 5848

Re: Is there ever a good time to sell and lock in ?

The good time to sell and lock in is on 10/9/2007. Then rebuy everything on 3/9/2009. Make sure you do that.
by lukestuckenhymer
Tue Dec 17, 2019 2:18 pm
Forum: Investing - Theory, News & General
Topic: The worst investment advice I know
Replies: 170
Views: 14008

Re: The worst investment advice I know

"Buy crypto"
"Buy gold"
"Look into __[insert stock here]__"
"It's an investment!" (it's actually a Whole Life policy)
"It's an investment!" (it's actually a money pit that actively depreciates/deteriorates)
by lukestuckenhymer
Fri Dec 13, 2019 1:08 pm
Forum: Investing - Theory, News & General
Topic: Recommendations of 100% stock lately
Replies: 246
Views: 17398

Re: Recommendations of 100% stock lately

we can't go a day without hearing that Buffett says everyone should be 90% in the S&P 500 and that bonds are a bad investment. I always thought this was highly irresponsible, especially since he is incapable of putting himself in the shoes of someone with relatively meager assets. His assets are no...
by lukestuckenhymer
Thu Dec 12, 2019 6:07 pm
Forum: Investing - Theory, News & General
Topic: Recommendations of 100% stock lately
Replies: 246
Views: 17398

Re: Recommendations of 100% stock lately

funny- I was just thinking the same thing via another board (Reddit FIRE community) although I typically discount their rants/posts as inexperienced millennials. As an inexperienced Millennial... I was 100% stock until this year when I added 10% fixed income. I think a lot of it can be chalked up t...
by lukestuckenhymer
Wed Dec 11, 2019 1:39 pm
Forum: Investing - Theory, News & General
Topic: Retiring at 24 - Extreme FIRE is it possible?
Replies: 158
Views: 12734

Re: Retiring at 24 - Extreme FIRE is it possible?

If you retire at 24 you better have no kids and live very frugally.
by lukestuckenhymer
Fri Dec 06, 2019 2:43 pm
Forum: Investing - Theory, News & General
Topic: Total Stock vs. S&P 500
Replies: 54
Views: 5264

Re: Total Stock vs. S&P 500

I don't think the choice between VTSAX and VFIAX should weigh on your mind too heavily. They are in a virtual tie over the last 10 years. https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=2&startYear=2009&firstMonth=12&endYear=2019&lastMonth=12&calendarAligned=true&initialAmount=...
by lukestuckenhymer
Thu Dec 05, 2019 2:32 pm
Forum: Investing - Theory, News & General
Topic: Can one have too much Roth?
Replies: 175
Views: 15083

Re: Can one have too much Roth?

Needing the funds before 59.5 makes sense. TLHing merely defers taxes that the Roth avoids entirely. Taxable can beat Roth for low/mid income people. Please provide an example. Since Roth and taxable contributions are both made after-tax, I fail to see how tax-free can lose to a taxable account, es...
by lukestuckenhymer
Thu Dec 05, 2019 2:04 pm
Forum: Investing - Theory, News & General
Topic: Tax Deferred : Taxable : Tax Free
Replies: 224
Views: 13530

Re: Tax Deferred : Taxable : Tax Free

46% Tax Deferred 54% Taxable 0% Tax Free I'm 32, and the windfall from the sale of my condo inflated the taxable portion. Tax-Deferred will soon overtake it, though. Are you looking into Roth IRA contributions (direct or Backdoor) and maybe even Roth 401K contributions would be appropriate at your ...
by lukestuckenhymer
Thu Dec 05, 2019 1:11 pm
Forum: Investing - Theory, News & General
Topic: Tax Deferred : Taxable : Tax Free
Replies: 224
Views: 13530

Re: Tax Deferred : Taxable : Tax Free

46% Tax Deferred
54% Taxable
0% Tax Free

I'm 32, and the windfall from the sale of my condo inflated the taxable portion. Tax-Deferred will soon overtake it, though.
by lukestuckenhymer
Fri Nov 08, 2019 12:33 pm
Forum: Investing - Theory, News & General
Topic: The hidden cost of Fidelity’s ZERO funds
Replies: 66
Views: 6417

Re: The hidden cost of Fidelity’s ZERO funds

YTD per Morningstar: VTSAX: 24.50% SWTSX: 24.58% SCHB: 24.61% FZROX: 24.83% Total return includes dividends reinvested. With 2484 holdings, SCHB would seem to follow the closest index to FZROX. In any case, if there is a hidden cost to FZROX, I am not seeing it. Within 33 basis points of each other...
by lukestuckenhymer
Thu Nov 07, 2019 12:48 pm
Forum: Investing - Theory, News & General
Topic: The hidden cost of Fidelity’s ZERO funds
Replies: 66
Views: 6417

Re: The hidden cost of Fidelity’s ZERO funds

I have always thought if Vanguard will ever end up paying dividends each month (instead of quarterly or yearly)? Why? Paying dividends is a drag on performance. The accounting is tricky, so extra accountants are needed. If not done correctly one could blow up the fund. Assets have to be liquidated ...
by lukestuckenhymer
Tue Nov 05, 2019 4:18 pm
Forum: Personal Investments
Topic: Whole life insurance. Dump it or other alternatives?
Replies: 21
Views: 1285

Re: Whole life insurance. Dump it or other alternatives?

Whole Life is a scam being pushed by unsavory salespeople who sometimes convince unsuspecting customers that it's an investment. It is a money pit and should be illegal, frankly. Dump it and get a term life policy if you need coverage.
by lukestuckenhymer
Tue Nov 05, 2019 4:02 pm
Forum: Investing - Theory, News & General
Topic: Robinhood, Heading for a Trainwreck?
Replies: 41
Views: 5610

Re: Robinhood, Heading for a Trainwreck?

Don't give fintech startups your money. These companies exist in a Silicon Fairytale Land where money grows on trees and losing billions every year in the name of growth is an acceptable practice. Why would they be concerned if they lose your money?
by lukestuckenhymer
Mon Nov 04, 2019 8:00 pm
Forum: Investing - Theory, News & General
Topic: Is it OK to take less risk and spend more money once you’ve reached your goals even if you are young?
Replies: 63
Views: 5726

Re: Is it OK to take less risk and spend more money once you’ve reached your goals even if you are young?

It's seems you're saving enough to come out ahead every month. That's a good thing, but it can all change in an instant. If you're asking whether or not at age 30 to sacrifice savings in order to spend money on things that you may not need, the answer is "no."
by lukestuckenhymer
Fri Nov 01, 2019 12:32 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2668
Views: 491588

Re: What are you up YTD? [Year To Date]

19.6% YTD
(90/10 allocation, equity allocation is global cap)
IRA contribution in January and frontloading most of the 403(b) helped.

This was interesting as well- 1, 3 & 6 month returns are almost equal:
1 month 2.6%
3 months 2.6%
6 months 2.7%
by lukestuckenhymer
Tue Oct 29, 2019 4:26 pm
Forum: Personal Investments
Topic: What should a mid 30s Asset Allocation be?
Replies: 45
Views: 2437

Re: What should a mid 30s Asset Allocation be?

Most patients don't have the ability to pay for their care even now. The government pays for them (Medicare/Medicaid). So realistically my income stream is very secure. This is the exact answer that I got when I talked to the local hospital billing department after we had our baby. Went in to pay o...
by lukestuckenhymer
Tue Oct 29, 2019 3:56 pm
Forum: Personal Investments
Topic: Holding bonds vs 100% equities
Replies: 367
Views: 23770

Re: Holding bonds vs 100% equities

I think it is worth holding some bonds, because many people are less risk-tolerant than they believe. I'd say hold 10 - 20% for behavioral reasons. Ultimately a personal decision, but those 100% equity returns are "academic" in the sense they assume no tinkering. For me personally, in the context o...
by lukestuckenhymer
Fri Oct 25, 2019 11:50 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 3023
Views: 290803

Re: U.S. stocks continue to soar!

StandingRock wrote:
Fri Oct 25, 2019 11:37 am
Broken Man 1999 wrote:
Fri Oct 25, 2019 11:15 am


Still, tomorrow might bring a swoon. No guarantees up or down.

Tomorrow is Saturday.
...maybe he meant tomorrow as in "The world of tomorrow"
by lukestuckenhymer
Thu Oct 24, 2019 1:23 pm
Forum: Investing - Theory, News & General
Topic: Christine Benz article on door to door financial people
Replies: 59
Views: 6703

Re: Christine Benz article on door to door financial people

A great article. It really is time for financial salespeople to stop going Door-to-Door. I appreciate the awareness she is bringing to those with cognitive disabilities.

A "No Soliciting" sign should be loud and clear. Yet people keep ringing the doorbell.
by lukestuckenhymer
Wed Oct 23, 2019 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: I bought a STOLEN vehicle!!!
Replies: 106
Views: 15778

Re: I bought a STOLEN vehicle!!!

Sorry this happened to you :? It makes me want to stay away from private parties in the future for any car purchases, even if I pay a premium at the dealer. :shock: Same, as if I needed another reason. Talk about a nightmare. I think the buying New vs. Slightly Used argument has been settled for me...
by lukestuckenhymer
Wed Oct 23, 2019 11:44 am
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads think about House Hacking?
Replies: 51
Views: 6305

Re: What do Bogleheads think about House Hacking?

I've lived in several duplexes before, and there's no return that could ever make me want to live in a building with shared walls, let alone my own tenant as a neighbor. I'll make sacrifices elsewhere (cars, vacations, everyday purchases) before I sacrifice privacy/peace and quiet. I've had enough r...
by lukestuckenhymer
Mon Oct 21, 2019 11:57 am
Forum: Investing - Theory, News & General
Topic: what was vanguard like before the internet?
Replies: 74
Views: 7852

Re: what was vanguard like before the internet?

My first MF was Windsor mailing my check in with a prepaid envelope. I think it was a while before Vanguard would let you view your account on line, but you could only do this with with an AOL account. I guess that Vanguard didn't trust the "web" but America On Line had a direct connection to Vangu...
by lukestuckenhymer
Tue Oct 15, 2019 3:58 pm
Forum: Investing - Theory, News & General
Topic: Bank of America declares 'the end of the 60-40' standard portfolio
Replies: 88
Views: 15904

Re: Bank of America declares 'the end of the 60-40' standard portfolio

Bonds, formerly for safety, are no longer safe... so "take on more risk"?? What kind of logic is that?
by lukestuckenhymer
Tue Oct 08, 2019 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital website?
Replies: 26
Views: 2532

Re: Personal Capital website?

I used PC for a while, but certain accounts just wouldn't update (even big banks like Chase) and I was constantly reentering passwords and authenticating. It got frustrating so I discontinued using it. Not to mention the obnoxious phone calls. You still can't beat tracking net worth using a spreadsh...
by lukestuckenhymer
Tue Oct 08, 2019 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Finance or Accounting Degree?
Replies: 81
Views: 6085

Re: Finance or Accounting Degree?

KlangFool wrote:
Sat Oct 05, 2019 10:54 am
But, you cannot go into the accounting area with a finance degree.
I did exactly that :D

Granted, I've worked in non-profit accounting, not Big 4. If I could have done it over I would have gone with an Accounting major, but I'm still very happy with the path it's lead me on.
by lukestuckenhymer
Sun Oct 06, 2019 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpected 401k Contribution
Replies: 9
Views: 981

Re: Unexpected 401k Contribution

The only limit an employer match could put you over is the 415(c) limit of combined EE & ER contributions, which is: the lesser of 100% of an employee’s compensation or $56,000 for 2019 ($55,000 for 2018 not including "catch-up" elective deferrals of $6,000 in 2015 - 2019 for employees age 50 or ol...
by lukestuckenhymer
Sun Oct 06, 2019 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpected 401k Contribution
Replies: 9
Views: 981

Re: Unexpected 401k Contribution

The only limit an employer match could put you over is the 415(c) limit of combined EE & ER contributions, which is: the lesser of 100% of an employee’s compensation or $56,000 for 2019 ($55,000 for 2018 not including "catch-up" elective deferrals of $6,000 in 2015 - 2019 for employees age 50 or old...
by lukestuckenhymer
Wed Oct 02, 2019 3:43 pm
Forum: Investing - Theory, News & General
Topic: If you use Vanguard (Brokerage), why do you stay?
Replies: 58
Views: 6972

Re: If you use Vanguard (Brokerage), why do you stay?

Vanguard offers the most tax-efficient index funds, as well as the highest yielding money market funds. For taxable, they win. Fidelity has lower ERs, which I wouldn't be opposed to switching for tax deferred, but I have serious doubts their ZERO funds will best Vanguard's returns by much. I think t...
by lukestuckenhymer
Sat Sep 28, 2019 12:55 am
Forum: Personal Finance (Not Investing)
Topic: New Credit Card Search - 2 Front Runners?
Replies: 46
Views: 5882

Re: New Credit Card Search - 2 Front Runners?

About Discover and Chase Freedom (5% categories), its little work to keep on top of that. Fidelity and Citi double are good 2% cash back cards. Discover is another good one with 1.5% cash back with free international transactions. It was hard for me too, until I put a mini post-it note inside my wa...
by lukestuckenhymer
Fri Sep 27, 2019 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: New Credit Card Search - 2 Front Runners?
Replies: 46
Views: 5882

Re: New Credit Card Search - 2 Front Runners?

Discover and Chase Freedom (5% categories) are very effective when it comes to gas, groceries, restaurants, online shopping. When was the last time Chase Freedom had a groceries quarter? Q2 2019. Both Discover and Chase have gas and groceries at least one quarter per year. https://thepointsguy.com/...
by lukestuckenhymer
Fri Sep 27, 2019 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: New Credit Card Search - 2 Front Runners?
Replies: 46
Views: 5882

Re: New Credit Card Search - 2 Front Runners?

My main card is now Citi Double Cash (2% on everything), which made my old Chase Freedom Unlimited obsolete (1.5% on everything). Discover and Chase Freedom (5% categories) are very effective when it comes to gas, groceries, restaurants, online shopping. To round out the list is Capital One Savor On...
by lukestuckenhymer
Fri Sep 27, 2019 12:52 pm
Forum: Investing - Theory, News & General
Topic: Article - "How Great Is Dollar Cost Averaging? You (Still) Don't Know The Half Of It!"
Replies: 35
Views: 4562

Re: Article - "How Great Is Dollar Cost Averaging? You (Still) Don't Know The Half Of It!"

DCA'ing a consistent amount in each paycheck sure is convenient, but front-loading your 401k seems to be a more effective strategy to me (unless it deprives you of employer match).
by lukestuckenhymer
Thu Sep 26, 2019 2:46 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 284
Views: 34543

Re: What is your AA, given your age? and, Why?

32 y/o I was 100% equities (Total World Stock) up until this year, when I added a 10% fixed income allocation (70% VBTLX/30% VTABX). I know the expected return of 100% equities over the long term is always higher, but it can't hurt to add a small cushion. Without bonds, there's no rebalancing bonus ...
by lukestuckenhymer
Fri Sep 20, 2019 12:17 pm
Forum: Investing - Theory, News & General
Topic: Wealthfront now offers 2.51% APY
Replies: 84
Views: 11579

Re: Wealthfront now offers 2.51% APY

Email from Wealthfront today:
Because of the Fed’s decision to decrease interest rates, the interest rate on your Wealthfront Cash Account is changing from 2.32% APY to 2.07% APY beginning today.
Crashed back down to earth, as expected. VMMXX is at 2.06%.
by lukestuckenhymer
Wed Sep 04, 2019 1:31 pm
Forum: Investing - Theory, News & General
Topic: Fidelity: When Zero does not mean free
Replies: 108
Views: 11728

Re: Fidelity: When Zero does not mean free

Chasing four basis points is silly. Tracking error alone will put both Fidelity and Vanguard funds in a nearly identical position after 3, 5 or 10 years.

However, if you're buying in a taxable account, the choice is still very clear: Vanguard for tax efficiency.
by lukestuckenhymer
Wed Sep 04, 2019 11:55 am
Forum: Investing - Theory, News & General
Topic: Very bad day
Replies: 39
Views: 6419

Re: Very bad day

The RBD you're waiting for may actually end the day higher than today's close. Doesn't seem so bad now. Don't time the market.
by lukestuckenhymer
Tue Sep 03, 2019 12:01 pm
Forum: Investing - Theory, News & General
Topic: 3 fund people how are you feeling?
Replies: 112
Views: 13637

Re: 3 fund people how are you feeling?

ThankYouJack wrote:
Sun Sep 01, 2019 9:22 am
Feeling great...but feeling like I have one too many funds ;)
Just switch from Total US / Total International to Total World! :D
by lukestuckenhymer
Tue Aug 20, 2019 12:28 pm
Forum: Investing - Theory, News & General
Topic: Bonds - Throw it all on the table!!!
Replies: 373
Views: 66265

Re: Bonds - Throw it all on the table!!!

We have invested in Total Bond for a long time and it simply does the job. We sleep well at night. Would you still sleep well at night if interest rates go to 15% like they did in the 70s? Total bond would lose 90% of it's value and your dividends would be cut in half basically you'd be wiped out. ...
by lukestuckenhymer
Tue Aug 13, 2019 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Use Vanguard MM Prime for cash rather than local bank?
Replies: 69
Views: 7998

Re: Use Vanguard MM Prime for cash rather than local bank?

Vanguard prime money market has the highest yield I can find at a place that I trust putting my money. I might be able to find teaser rates 20 bps higher at some random online bank (Wealthfront, Robinhood, Redneck bank, et al), but I would never trust putting my money there in a million years.
by lukestuckenhymer
Tue Aug 13, 2019 12:45 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard ongoing glitches, August 12-13, 2019]
Replies: 256
Views: 17744

Re: Another Day With Vanguard.Com Down

"Another day"? Was it down for the entire day? The site is working for me.
by lukestuckenhymer
Fri Aug 09, 2019 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Pretty much broke --- what would you advise?
Replies: 85
Views: 10061

Re: Pretty much broke --- what would you advise?

Unfortunately it sounds like par for the course for most American retirees. My girlfriend's mother is in a similar situation with little savings, but she owns her home and has no debt. I would put the IRA in the highest yielding money market they can find. $2,600 a month in Social Security is very d...
by lukestuckenhymer
Wed Aug 07, 2019 11:31 am
Forum: Investing - Theory, News & General
Topic: Is Inflation killing my Money Market Account?
Replies: 30
Views: 3794

Re: Is Inflation killing my Money Market Account?

Until recently, Redneck Bank was at 2.5%. Now at 2.4%. If you have a substantial amount in that account, do the math and consider moving. Redneck's currently at 2.4%. Redneck bank only pays 2.4% up to $50,000, then they pay 0.5% for every dollar over that amount. So if you have a "substantial amoun...