Search found 206 matches

by lukestuckenhymer
Fri Oct 12, 2018 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: HSA/FSA related question
Replies: 5
Views: 518

Re: HSA/FSA related question

Be very careful about HSA partial-year rules. https://www.benstrat.com/downloads/HSA-GPS_HSAs-and-Partial-Year-Eligibility.pdf If you're enrolling Oct 1st with plans to max out your HSA contribution for 2018, you must remain on that HDHP plan for the entirety of calendar 2019 or else the amount over...
by lukestuckenhymer
Fri Oct 12, 2018 1:41 pm
Forum: Investing - Theory, News & General
Topic: When will you backup the truck on stocks
Replies: 102
Views: 10387

Re: When will you backup the truck on stocks

If stocks go down 90%, I will back up my truck. I mean, literally, I will sell our car, and buy stocks. It’s easy to think like this when the markets have been outperforming, but I wonder if you have the guts to really do this when times get tough. I’m thinking if the market is down 90%, there has ...
by lukestuckenhymer
Fri Oct 12, 2018 1:21 pm
Forum: Investing - Theory, News & General
Topic: Does Fidelity offer the best index products for a passive investor compared to Vanguard
Replies: 61
Views: 6657

Re: Does Fidelity offer the best index products for a passive investor compared to Vanguard

I've been an immense fan of Vanguard not only because of low ERs, but because of their lack of LTCG distributions. However, if I was a millennial with zero saved towards my retirement and now I have the ability to get in on the ground floor with zero minimum balance and zero fees, I think Fidelity ...
by lukestuckenhymer
Fri Oct 12, 2018 12:17 pm
Forum: Investing - Theory, News & General
Topic: Does international really buy you diversification?
Replies: 43
Views: 4996

Re: Does international really buy you diversification?

Counter graph from "How To Avoid A Shark Attack" - Schwab https://www.schwab.com/resource-center/insights/sites/g/files/eyrktu156/files/styles/embedded_700/public/MSCI%20EAFE%20Index%20vs%20MSCI%20USA%20Index_1.png?itok=2ZxyRwBV Source: https://www.schwab.com/resource-center/content/how-to-avoid-sh...
by lukestuckenhymer
Fri Oct 12, 2018 12:11 pm
Forum: Investing - Theory, News & General
Topic: Does Fidelity offer the best index products for a passive investor compared to Vanguard
Replies: 61
Views: 6657

Re: Does Fidelity offer the best index products for a passive investor compared to Vanguard

I've been an immense fan of Vanguard not only because of low ERs, but because of their lack of LTCG distributions. However, if I was a millennial with zero saved towards my retirement and now I have the ability to get in on the ground floor with zero minimum balance and zero fees, I think Fidelity i...
by lukestuckenhymer
Thu Oct 11, 2018 5:13 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12396
Views: 2141394

Re: U.S. stocks in freefall

CULater wrote:
Thu Oct 11, 2018 4:36 pm
Image
But I don't wanna buy the dip!
by lukestuckenhymer
Thu Oct 11, 2018 2:13 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12396
Views: 2141394

Re: U.S. stocks in freefall

pokebowl wrote:
Thu Oct 11, 2018 2:04 pm
At least we get to reuse our hats? We have that going for us.

Image
always makes me cringe
by lukestuckenhymer
Wed Oct 10, 2018 7:12 pm
Forum: Investing - Theory, News & General
Topic: When will you backup the truck on stocks
Replies: 102
Views: 10387

Re: When will you backup the truck on stocks

TomatoTomahto wrote:
Wed Oct 10, 2018 6:33 pm
When I have cash, I invest it.
+1

If I had spare cash left over after maxing out the 403b/IRA, it would already be invested. Can't wait around for RBDs.
by lukestuckenhymer
Wed Oct 10, 2018 11:44 am
Forum: Investing - Theory, News & General
Topic: Millennials & Money Data
Replies: 25
Views: 3388

Re: Millennials & Money Data

Are you asking if you should have $50k saved by your late 20s/early 30s? If you haven't, yes, be more aggressive.
by lukestuckenhymer
Tue Oct 09, 2018 2:29 pm
Forum: Investing - Theory, News & General
Topic: What tools do you use to track your finances?
Replies: 80
Views: 6920

Re: What tools do you use to track your finances?

A few days after I opened mine at Personal Capital (just last month), I got their call specifying my account details asking if I was interested in moving my money to them/ using their investment services. I closed my account immediately after. No one called me from Mint ever. It's a free service......
by lukestuckenhymer
Mon Oct 08, 2018 5:13 pm
Forum: Investing - Theory, News & General
Topic: Debunking Bonds in Taxable
Replies: 155
Views: 18066

Re: Debunking Bonds in Taxable

Call_Me_Op wrote:
Mon Oct 08, 2018 3:17 pm
Because of the various considerations, I hold some bonds (and bond equivalents like CDs) in taxable and some in tax-advantaged.
Do we consider CDs a "bond equivalent"? A CD to me is a cash equivalent. Bonds can lose principal, cash and CDs can't.
by lukestuckenhymer
Fri Oct 05, 2018 12:58 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12396
Views: 2141394

Re: U.S. stocks in freefall

I would say one reason is because of basic conditional probability - any time there is a 10-15% drop, a 40-50% drop becomes more likely, simply because every 40-50% drop starts with a 10-15% drop. Uh, what? You could argue on momentum grounds that further drop is more likely, but what you state mak...
by lukestuckenhymer
Thu Oct 04, 2018 2:41 pm
Forum: Investing - Theory, News & General
Topic: When does a stock become a bond before moving back to a stock again
Replies: 47
Views: 2584

Re: When does a stock become a bond before moving back to a stock again

Company stock is about 28 percent of our portfolio and a cash basis pension is another 20%. Let me start by saying that a pennons is NOT part of your portfolio. It is an income stream (you hope), but it isn't an asset. ... :shock: :shock: :shock: How is it not an asset? It's something they expect w...
by lukestuckenhymer
Mon Oct 01, 2018 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Why is Home Part of NW [Net Worth]
Replies: 98
Views: 7245

Re: Why is Home Part of NW

willthrill81 wrote:
Sun Sep 30, 2018 9:43 pm
KlangFool wrote:
Sun Sep 30, 2018 9:32 pm
1) I do not count net worth. It is a meaningless number.
A home with positive equity can be sold to generate liquid assets. That is very far from meaningless.
+1

https://www.youtube.com/watch?v=dgct3Jn8pFA
by lukestuckenhymer
Tue Sep 25, 2018 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Fed up with health insurance situation
Replies: 117
Views: 8037

Re: Fed up with health insurance situation

I'm fortunate to have an ER that pays 100% of my Anthem HDHP with HSA (+ER contributes $1,800/yr)... Costs them $10,611, which is not bad compared with others. Still the unsustainability (premiums going up 14-30% year to year) is staggering. No matter whether you advocate for single-payer or not, yo...
by lukestuckenhymer
Mon Sep 24, 2018 12:46 pm
Forum: Personal Investments
Topic: Small cap tilt
Replies: 87
Views: 7681

Re: Small cap tilt

I see many convincing graphs telling that SCV is drastically outperforming the S&P/TSM since the dawn of man, but I'm having trouble seeing past SCV underperforming TSM in 1-year, 3-year, 5-year returns. SVC is beating TSM in 10-year performance by ~18 bps. Not convincing in my mind. I'll be over he...
by lukestuckenhymer
Fri Sep 21, 2018 12:30 pm
Forum: Investing - Theory, News & General
Topic: New [Vanguard] environmental, social, governance (ESG) ETFs
Replies: 25
Views: 2708

Re: New [Vanguard] environmental, social, governance (ESG) ETFs

I recognize you probably did not mean to turn this into a political thread, but you just did anyway. I will not be investing in these so-called "ESG" funds as they tend to target mostly ridiculous social justice warrior causes that play both ends (bilking the consumer and taxpayer, one and the same...
by lukestuckenhymer
Thu Sep 20, 2018 4:01 pm
Forum: Investing - Theory, News & General
Topic: Is there any active forums/BBS grouping up non-Bogleheads?
Replies: 17
Views: 2056

Re: Is there any active forums/BBS grouping up non-Bogleheads?

livesoft wrote:
Thu Sep 20, 2018 2:44 pm
reddit to your heart's content.
Browse the cryptocurrency subreddits for some entertaining/frightening reading.

Browse r/investing for people who think you should read Paul Merriman and allocate 100% small cap value.
by lukestuckenhymer
Thu Sep 20, 2018 12:09 pm
Forum: Investing - Theory, News & General
Topic: WSJ 9/12/18- Fidelity Doubles Down on Free Fund Strategy
Replies: 34
Views: 3946

Re: WSJ 9/12/18- Fidelity Doubles Down on Free Fund Strategy

Zero minimum is great for people who are just starting their retirement savings as well. I'm recommending these to my girlfriend who is just opening an IRA for the first time. For people who have $5,500 (or less) to open an IRA, you can't find a better deal to achieve immediate, low cost diversific...
by lukestuckenhymer
Thu Sep 20, 2018 11:45 am
Forum: Investing - Theory, News & General
Topic: New [Vanguard] environmental, social, governance (ESG) ETFs
Replies: 25
Views: 2708

Re: New [Vanguard] environmental, social, governance (ESG) ETFs

"the funds exclude companies involved in the production of alcohol, tobacco, gambling, adult entertainment, weapons , fossil fuels, and nuclear power." :confused Not a fan of ESG funds, but there are more guns than people in the United States. We may have a problem. The last three in that list pose...
by lukestuckenhymer
Tue Sep 18, 2018 1:33 pm
Forum: Investing - Theory, News & General
Topic: WSJ 9/12/18- Fidelity Doubles Down on Free Fund Strategy
Replies: 34
Views: 3946

Re: WSJ 9/12/18- Fidelity Doubles Down on Free Fund Strategy

Zero minimum is great for people who are just starting their retirement savings as well. I'm recommending these to my girlfriend who is just opening an IRA for the first time. For people who have $5,500 (or less) to open an IRA, you can't find a better deal to achieve immediate, low cost diversifica...
by lukestuckenhymer
Tue Sep 18, 2018 12:11 pm
Forum: Investing - Theory, News & General
Topic: Where to place 100K for construction?
Replies: 8
Views: 1211

Re: Where to place 100K for construction?

I set up 2 accounts with Ally for the same reason as you... to write a check or get cash when I need to. Immediate transfer from Savings to Checking either online or via mobile app, and then write the check or hit the ATM. Been there done that. Works great. Interest Checking account comes with free...
by lukestuckenhymer
Tue Sep 18, 2018 11:49 am
Forum: Investing - Theory, News & General
Topic: With expense-free funds, are other Fidelity fund obsolete?
Replies: 7
Views: 643

Re: With expense-free funds, are other Fidelity fund obsolete?

One would think so... I would have much rather they dropped the ER of FSTVX to zero since I'm stuck there with large capital gains :(
by lukestuckenhymer
Mon Sep 17, 2018 7:18 pm
Forum: Investing - Theory, News & General
Topic: Where to place 100K for construction?
Replies: 8
Views: 1211

Re: Where to place 100K for construction?

Ally is the probably best as far as online savings account, but transferring the money in and out is a bit of a hassle in order to write checks, so I'm content with Discover MM checking at 1.65%.
by lukestuckenhymer
Tue Sep 11, 2018 4:31 pm
Forum: Investing - Theory, News & General
Topic: Why Bull Markets Are Dangerous
Replies: 152
Views: 22764

Re: Why Bull Markets Are Dangerous

dwickenh wrote:
Sun Sep 09, 2018 8:08 am
Call_Me_Op wrote:
Sun Sep 09, 2018 6:50 am
Rick,

Perhaps time for a Lifestrategy fund.
+1
Or Target Date. Always a solid choice when your friend/relative starts asking for financial advice.
by lukestuckenhymer
Wed Sep 05, 2018 11:26 am
Forum: Investing - Theory, News & General
Topic: Most commonly misused/misunderstood investing terms and concepts (on BH forum)
Replies: 220
Views: 13041

Re: Most commonly misused/misunderstood investing terms and concepts (on BH forum)

Starfish wrote:
Tue Aug 28, 2018 8:37 pm
But favorite, the one I cannot understand: insurance against living too long. :?
It means you accidentally lived to 115 (drawing down on your retirement savings for at least 50 years). Whoops!

I'll forgive myself if I'm 115 and broke :)
by lukestuckenhymer
Fri Aug 31, 2018 11:21 pm
Forum: Investing - Theory, News & General
Topic: Are CDs considered an investment?
Replies: 75
Views: 4354

Re: Are CDs considered an investment?

Yes a CD is an investment.

Whole Life insurance is not an investment.
by lukestuckenhymer
Fri Aug 24, 2018 5:01 pm
Forum: Investing - Theory, News & General
Topic: Call the Top!
Replies: 101
Views: 12896

Re: Call the Top!

420

Funding secured
by lukestuckenhymer
Wed Aug 22, 2018 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: "By not having a will, Aretha Franklin likely left her heirs with lots of headaches"
Replies: 31
Views: 2719

Re: "By not having a will, Aretha Franklin likely left her heirs with lots of headaches"

JoeRetire wrote:
Wed Aug 22, 2018 4:41 pm
Was it laziness? She just didn't care?
I have friends and relatives who are so scared of facing death that they refuse to write a will, despite knowing the benefits.

A relative who has terminal cancer refuses and when confronted about it, she becomes very upset.
by lukestuckenhymer
Fri Aug 17, 2018 4:56 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 807
Views: 92156

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Forgive me for stupid question... Can you convert shares of FSTVX to FZROX without recognizing a gain/loss, similar to converting to Premium shares? No, changing share classes is not a taxable event. Exchanging shares is a sell/buy transaction that happens in a single day at both fund's closing pri...
by lukestuckenhymer
Fri Aug 17, 2018 1:36 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 807
Views: 92156

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Forgive me for stupid question...
Can you convert shares of FSTVX to FZROX without recognizing a gain/loss, similar to converting to Premium shares?
by lukestuckenhymer
Thu Aug 16, 2018 5:08 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 117653

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

One man's disaster is another man's buying opportunity. It's only a disaster if you sell at the bottom.

And nobody's mumbling "stay the course," if you're visiting this message board, they're screaming it at the top of their lungs! And for good reason.
by lukestuckenhymer
Fri Aug 03, 2018 5:33 pm
Forum: Investing - Theory, News & General
Topic: Good biotech funds
Replies: 23
Views: 2332

Re: Good biotech funds

Theseus wrote:
Fri Aug 03, 2018 9:09 am
I have some aggressive money in FBIOX and VHT.
I invested in FBIOX coming off its unbelievable performance in 2014-2015, and a few months later it crashed about 45%... Just finally recovered this year. Never again! :beer
by lukestuckenhymer
Thu Aug 02, 2018 12:10 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 807
Views: 92156

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

smectym wrote:
Wed Aug 01, 2018 7:08 pm

If we liked Vanguard back when it was "cheapest," and now Acme is "cheapest," we should now like Acme better than Vanguard.

Smectym
We also like Vanguard (and continue to do so) because of its distribution structure and how we never see/pay taxes on LTCG distributions.
by lukestuckenhymer
Tue Jul 31, 2018 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: $8712/year for insurance (auto, home, rental) How to reduce?
Replies: 40
Views: 3293

Re: $8712/year for insurance (auto, home, rental) How to reduce?

Called the insurance co and raised my deductibles, also removed comprehensive & collision on a couple older vehicles. Total annual bill is now $8k. Better than before, I suppose :| I do have a couple 'incidents' on my driving record that do not help the situation: - Cell phone ticket in 2014 that w...
by lukestuckenhymer
Tue Jul 31, 2018 12:32 pm
Forum: Investing - Theory, News & General
Topic: Are millennials botching their asset allocations?
Replies: 68
Views: 8133

Re: Are millennial botching their asset allocations?

I'm 31... I'm 100% equity in retirement accounts. In taxable accounts, I'm 80/20 stock/tax-exempt bond.

Most millennials don't understand it and don't seek to understand it... that's the tragic thing. And once they get a rudimentary understanding, teaching Boglehead discipline is even harder.
by lukestuckenhymer
Fri Jul 27, 2018 4:48 pm
Forum: Investing - Theory, News & General
Topic: Vanguard vs Fidelity representatives
Replies: 15
Views: 2373

Re: Vanguard vs Fidelity representatives

And yet if she was going vanguard to fidelity it would have been super easy. In my experience fidelity are far more competent at transfers. The fact you had to fill out a paper form says it all. I did a Fidelity to Vanguard IRA transfer in March. No paper was required. However, transferring an IRA ...
by lukestuckenhymer
Fri Jul 27, 2018 11:53 am
Forum: Investing - Theory, News & General
Topic: Facebook stock in freefall! (20% drop in 1-day)
Replies: 120
Views: 12023

Re: Facebook stock in freefall! (20% drop in 1-day)

z3r0c00l wrote:
Fri Jul 27, 2018 5:47 am
One out of every five humans uses Facebook each day.
And most of them are in India.
by lukestuckenhymer
Thu Jul 26, 2018 6:30 pm
Forum: Investing - Theory, News & General
Topic: Facebook stock in freefall! (20% drop in 1-day)
Replies: 120
Views: 12023

Re: Facebook stock in freefall! (20% drop in 1-day)

I still can't understand why anybody ever saw any future in FB that wasn't its complete implosion. Facebook is only as good as the people who use it and everybody who uses it will inevitably get bored with it and move on. I'm just surprised it's taken this long. I would have thought that a cesspool ...
by lukestuckenhymer
Tue Jul 24, 2018 7:01 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Cali Muni Money Market Yield Dropping
Replies: 7
Views: 986

Re: Vanguard Cali Muni Money Market Yield Dropping

Yep, VMMXX is dominating as far as MMs go...

But when it comes to fixed income, VCAIX is a clear choice for me, even in my relatively low tax bracket (22% Fed/9.3% CA state, tax equivalent yield is almost identical to VBTLX). I hope that stays the same.
by lukestuckenhymer
Tue Jul 24, 2018 11:29 am
Forum: Investing - Theory, News & General
Topic: Are socially responsible funds just another marketing ploy?
Replies: 25
Views: 2762

Re: Are socially responsible funds just another marketing ploy?

Yes. I take a look at the companies in some of these indexes and think "Really??!!" -- you consider them to be socially responsible? Maybe the companies in the indexes are chosen as the lesser of all the evils, but to me the distinction is meaningless. https://finance.yahoo.com/quote/NBSRX/holdings...
by lukestuckenhymer
Fri Jul 06, 2018 12:02 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing within US total stock/international total stock
Replies: 6
Views: 711

Re: Rebalancing within US total stock/international total stock

Refusing to put new money into the bond fund and thinking you will get a higher return in a MM is probably short-sighted. Total Bond Index may be negative over the last year, but forecasting this continuing into the near future is not a good bet. Keep in mind that the yields are going up on both the...
by lukestuckenhymer
Fri Jul 06, 2018 11:34 am
Forum: Investing - Theory, News & General
Topic: Anyone tilting heavy to international based on current forecasts?
Replies: 38
Views: 4652

Re: Anyone tilting heavy to international based on current forecasts?

jalbert wrote:
Fri Jul 06, 2018 12:18 am
Are you sure you aren’t trying to rationalize taking a position you are predicting will win?
Well, doesn't that drive 95% of the traffic to this board or any financial news site? :P
by lukestuckenhymer
Thu Jul 05, 2018 11:32 am
Forum: Investing - Theory, News & General
Topic: Morningstar: prepare for a lost decade for U.S. stocks
Replies: 198
Views: 20620

Re: Morningstar: prepare for a lost decade for U.S. stocks

I am 60/40 US/Intl, but consistent warnings about the coming decade are making me wonder if I should finally go World Cap and call it a day.
by lukestuckenhymer
Fri Jun 29, 2018 11:56 am
Forum: Personal Finance (Not Investing)
Topic: States that are investments/tax unfriendly?
Replies: 27
Views: 3628

Re: States that are investments/tax unfriendly?

Another think that irks me about living in CA is that even HSA investment cap gains are taxed. I couldn't believe that when I found out. Fortunately I'm 31 and I don't have a lot of medical expenses yet, so I'll just accumulate and hopefully never need to sell til I'm an old codger... That high dedu...
by lukestuckenhymer
Tue Jun 19, 2018 11:29 am
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market Fund (VMMXX) breaks 1.00 (% not $)
Replies: 236
Views: 50084

Re: Vanguard Prime Money Market Fund (VMMXX) breaks 1.00 (% not $)

VMMXX just broke 2.00%

How many MMs can beat this yield?
by lukestuckenhymer
Thu Jun 07, 2018 11:55 am
Forum: Investing - Theory, News & General
Topic: Indexing will fail investors in next decade
Replies: 57
Views: 10346

Re: Indexing will fail investors in next decade

Invest in value stocks rather than growth stocks or, even better, go long value and short growth (using ETFs). Value has underperformed growth for years but often does better in a rising interest rate environment like now (at least in the U.S.). Of all the strange things in this article, this might...