Search found 978 matches

by Brianmcg321
Fri Aug 28, 2020 7:06 am
Forum: Personal Investments
Topic: Jim Collin's advice for a retirement account
Replies: 13
Views: 2179

Re: Jim Collin's advice for a retirement account

You couldn’t do much better.

I’m a big fan of JL.

It’s exactly what Bogle and Buffett would recommend.
by Brianmcg321
Thu Aug 27, 2020 9:36 pm
Forum: Personal Investments
Topic: Automatic Investing
Replies: 4
Views: 399

Re: Automatic Investing

You can do an auto draft from your bank account, or set up a direct deposit from your check with a routing number.
by Brianmcg321
Wed Aug 26, 2020 2:54 pm
Forum: Personal Investments
Topic: Russell 3000 Stock Index - Risk
Replies: 10
Views: 836

Re: Russell 3000 Stock Index - Risk

nearly identical. VTSAX and VRTTX (russel 3000 index) https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2020&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=50000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&an...
by Brianmcg321
Wed Aug 26, 2020 11:54 am
Forum: Personal Consumer Issues
Topic: Gravel Bike Recommendation
Replies: 98
Views: 5898

Re: Gravel Bike Recommendation

bloom2708 wrote: Wed Aug 19, 2020 6:21 pm Surly Cross Check or Surly Long Haul Trucker.

I have LHT.
Im a big fan of the LHT. Got one myself. Built it up in 2008 as a poor mans Rivendell. Absolutely love it. Compared to my Madone it’s an absolute beast. But I probably have more fun on the trucker.
by Brianmcg321
Tue Aug 25, 2020 9:14 pm
Forum: Investing - Theory, News & General
Topic: A Beater Truck and a FAT 401k...
Replies: 104
Views: 10419

Re: A Beater Truck and a FAT 401k...

I drive a 2001 Ford F150. Nobody that has seen it would call it a beater though. It only cost me $6k. And my retirement : accounts are getting there. :moneybag :moneybag
by Brianmcg321
Tue Aug 25, 2020 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Finding balance in life: When do you let up off the gas?
Replies: 105
Views: 9743

Re: Finding balance in life: When do you let up off the gas?

My wife and I are letting off the gas now. I turn 48 next year. If I didn't add another dime to my retirement portfolio I will double what I need in 10 years in order to retire. We hit our number this year 10 years early. So I'm reducing my 401k contribution to the company match. Will be getting an ...
by Brianmcg321
Tue Aug 25, 2020 4:23 am
Forum: Personal Investments
Topic: Mid-25s Financial Update
Replies: 8
Views: 1397

Re: Mid-25s Financial Update

As much as your saving, I would allocate about 10% into a taxable account. That will give you a good gap fund if you want to retire early.
by Brianmcg321
Tue Aug 25, 2020 4:15 am
Forum: Personal Consumer Issues
Topic: Low Earner... Creative ways to own a Tesla Model 3?
Replies: 101
Views: 7877

Re: Low Earner... Creative ways to own a Tesla Model 3?

Start a sinking fund.

Put $500 a month into VTSAX. Wait five years. Buy car.
by Brianmcg321
Sun Aug 23, 2020 8:23 am
Forum: Personal Investments
Topic: Sell me on a 401(k)
Replies: 43
Views: 2914

Re: Sell me on a 401(k)

The big advantage isn’t the match, although nice, it’s the large amount you can save on either your current taxes or taxes later with a Roth401k.

Do you want more money or less? Putting nothing in it is just not good sense. :moneybag :moneybag :moneybag :moneybag
by Brianmcg321
Sat Aug 22, 2020 7:31 pm
Forum: Personal Investments
Topic: Went to Cash. Regret it. Now what?
Replies: 56
Views: 5863

Re: Went to Cash. Regret it. Now what?

Considering you earn and save so much, but have a lower risk tolerance, you could consider a 60/40 AA. You could put everything in Vanguard LifeStrategy Moderate Growth, and focus on obtaining as many shares of that fund as possible. Don’t worry much about the price, which doesn’t matter until when...
by Brianmcg321
Sat Aug 22, 2020 12:18 am
Forum: Personal Investments
Topic: Should I get a financial planner (fiduciary)?
Replies: 33
Views: 1779

Re: Should I get a financial planner (fiduciary)?

No.. I would block his number. Whole life is absolute garbage. How so? Granted, he's interested in selling it but sounded appealing. Nobody in the history of the world has benefited from a whole life policy, except for the insurance salesman. He’s an insurance salesman, not a financial advisor.
by Brianmcg321
Sat Aug 22, 2020 12:15 am
Forum: Personal Finance (Not Investing)
Topic: Work Monitoring Purchases
Replies: 7
Views: 948

Re: Work Monitoring Purchases

Never heard of this. How would they know?
by Brianmcg321
Sat Aug 22, 2020 12:11 am
Forum: Personal Investments
Topic: Should I get a financial planner (fiduciary)?
Replies: 33
Views: 1779

Re: Should I get a financial planner (fiduciary)?

No.. I would block his number.

Whole life is absolute garbage.
by Brianmcg321
Thu Aug 20, 2020 8:02 am
Forum: Investing - Theory, News & General
Topic: Advice to a Millennial about nest egg "Critical Mass"
Replies: 150
Views: 17327

Re: Advice to a Millennial about nest egg "Critical Mass"

I like your analogy op.

I have recently reached critical mass at 47. My wife and I keep playing with investing calculators, and realized if we never invested another dollar we will exceed our retirement goal, and ten years early too.
by Brianmcg321
Wed Aug 19, 2020 7:34 pm
Forum: Personal Investments
Topic: This is why DIY is the way to go
Replies: 11
Views: 2034

Re: This is why DIY is the way to go

I wish we could upvote posts. :beer
by Brianmcg321
Wed Aug 19, 2020 7:28 pm
Forum: Personal Investments
Topic: Appl split
Replies: 10
Views: 1441

Re: Appl split

Lieutenant Dan got me invested in some kind of fruit company. So then I got a call from him, saying we don't have to worry about money no more. And I said, that's good! One less thing. :sharebeer
by Brianmcg321
Wed Aug 19, 2020 6:21 pm
Forum: Investing - Theory, News & General
Topic: VWUSX (US Growth) or VIGAX (Growth Index Fund)?
Replies: 14
Views: 862

Re: VWUSX (US Growth) or VIGAX (Growth Index Fund)?

I don't understand why you'd prefer the Vanguard Growth Index Fund over Vanguard Total Stock Market. I suspect you're reacting to recent performance over a matter of a few months, which is not a good reason for choosing Growth Index. There are times when it was behind Total Stock and times when it ...
by Brianmcg321
Wed Aug 19, 2020 5:03 pm
Forum: Personal Investments
Topic: Over-allocated (70%) to well performing company stock
Replies: 33
Views: 1794

Re: Over-allocated (70%) to well performing company stock

I would sell it all. Max out my Roth IRAs for the year and then buy a new Tesla.
by Brianmcg321
Tue Aug 18, 2020 3:08 pm
Forum: Investing - Theory, News & General
Topic: Nearly all gains from the S&P 500 are from Tech stocks is this normal?
Replies: 44
Views: 5154

Re: Nearly all gains from the S&P 500 are from Tech stocks is this normal?

Just think of what happens when Tesla gets added. Then all the gains will be from a car company.
by Brianmcg321
Tue Aug 18, 2020 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Good idea to buy son an inexpensive car with cosmetic defects?
Replies: 22
Views: 1484

Re: Good idea to buy son an inexpensive car with cosmetic defects?

You can get really nice accords in the $6,500-$7,000 range. 80-90k miles and paint and interiors look brand new.
by Brianmcg321
Sun Aug 16, 2020 7:15 pm
Forum: Personal Investments
Topic: Where to direct a new investor?
Replies: 15
Views: 1095

Re: Where to direct a new investor?

JL Collins. The Simple Path to Wealth. Blog https://jlcollinsnh.com/stock-series/ Book https://smile.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926/ref=sr_1_2?crid=2VR9EOPXLVWJF&dchild=1&keywords=the+simple+path+to+wealth+by+j.l.+collins&qid=1597623281&sprefix=The+simp%2Caps%2C20...
by Brianmcg321
Sun Aug 16, 2020 8:11 am
Forum: Personal Investments
Topic: Talk me out of Covid 19 timing
Replies: 119
Views: 8160

Re: Talk me out of Covid 19 timing

You should have done this in February. You already missed the drop and return. :oops:
by Brianmcg321
Sat Aug 15, 2020 9:52 am
Forum: Personal Investments
Topic: Roth or Traditional 401K for sons?
Replies: 15
Views: 608

Re: Roth or Traditional 401K for sons?

Max our the traditional 401k. Max our Roth IRA.
by Brianmcg321
Fri Aug 14, 2020 10:49 am
Forum: Personal Consumer Issues
Topic: Model S P100D or Model 3 performance?
Replies: 23
Views: 1412

Re: Model S P100D or Model 3 performance?

Have you driven either. The model S is a full size car. It’s big. Lots of model S owners switched to the 3 just because of the size.
by Brianmcg321
Fri Aug 14, 2020 10:45 am
Forum: Personal Investments
Topic: help with 401k fund selection
Replies: 1
Views: 115

Re: help with 401k fund selection

Honestly, this is one of the worst 401ks I’ve ever seen. Usuall there’s at least one index fund like an S&P500. Those fees are nuts.

But I would hold my nose and pick the 2050 fund also.

Does your company have a good match?
by Brianmcg321
Fri Aug 14, 2020 8:20 am
Forum: Personal Investments
Topic: financial advisors
Replies: 8
Views: 836

Re: financial advisors

I suggest the following:
https://jlcollinsnh.com/stock-series/
by Brianmcg321
Fri Aug 14, 2020 7:42 am
Forum: Personal Investments
Topic: Suggestions to my 18y son
Replies: 40
Views: 2346

Re: Suggestions to my 18y son

Put it all in VTSAX. Does he have a Roth IRA yet? No, just a taxable account If he has any earned income, I would open a Roth and put that amount in the Roth IRA. If he has earned more than $6k then max it out. At 18 he doesn’t need any bonds or TIPS. Just keep it simple. Have him read JL Collins b...
by Brianmcg321
Thu Aug 13, 2020 8:15 pm
Forum: Personal Investments
Topic: Suggestions to my 18y son
Replies: 40
Views: 2346

Re: Suggestions to my 18y son

Put it all in VTSAX.

Does he have a Roth IRA yet?
by Brianmcg321
Thu Aug 13, 2020 4:05 pm
Forum: Personal Consumer Issues
Topic: Barbells
Replies: 65
Views: 5699

Re: Barbells

Rogue Ohio Bar.

Got an email a few days ago they were back in stock.

https://www.roguefitness.com/the-ohio-bar-2-0-e-coat
by Brianmcg321
Wed Aug 12, 2020 12:06 pm
Forum: Personal Investments
Topic: Assets going from 600K->15M, should I change my asset allocation?
Replies: 175
Views: 17710

Re: Assets going from 600K->15M, should I change my asset allocation?

RocketShipTech wrote: Tue Aug 11, 2020 1:50 pm With $15M you can afford better advice than Bogleheads
But it wouldn’t be “better”. Just more expensive.
by Brianmcg321
Wed Aug 12, 2020 8:53 am
Forum: Personal Investments
Topic: 401K and IRA question
Replies: 5
Views: 371

Re: 401K and IRA question

I had a Wells Fargo 401k and the fees were quite high. I would look at that. That’s reason enough for me to transfer to an IRA.
by Brianmcg321
Tue Aug 11, 2020 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Rentals for retirement income. Worth it?
Replies: 61
Views: 5559

Re: Buying Rentals for retirement income. Worth it?

I don't want another job when I retire. Ill stick to the dividends I receive from VTSAX.
by Brianmcg321
Tue Aug 11, 2020 10:09 pm
Forum: Personal Investments
Topic: How to buy gold in a boglehead friendly way
Replies: 51
Views: 4233

Re: How to buy gold in a boglehead friendly way

I would just buy it in an ETF. Easy peasy. GLD.
by Brianmcg321
Tue Aug 11, 2020 1:12 pm
Forum: Investing - Theory, News & General
Topic: Won the game
Replies: 49
Views: 7627

Re: Won the game

You hit your number and don't need any more growth in your portfolio other than to outpace inflation. You can live your same life forever given a very conservative return.
by Brianmcg321
Tue Aug 11, 2020 1:00 pm
Forum: Personal Investments
Topic: 3 fund portfolio - Bond indexes bad in this environment?
Replies: 30
Views: 2339

Re: 3 fund portfolio - Bond indexes bad in this environment?

Ive been quite happy with my 40% of LTT in my portfolio this year. I see no reason to get out of it.
by Brianmcg321
Mon Aug 10, 2020 9:44 pm
Forum: Personal Investments
Topic: 21 Years Old. Where do I put my salary to maximize Long Term Gains
Replies: 5
Views: 669

Re: 21 Years Old. Where do I put my salary to maximize Long Term Gains

Just open a regular taxable brokerage account and put any that is left after you max out your retirement accounts into VTSAX. :moneybag Maxing out your 401k is still a good idea even if there is no match simply due to the volume you are able to contribute, $19.5k. Just make sure its in a good total ...
by Brianmcg321
Mon Aug 10, 2020 1:50 pm
Forum: Personal Investments
Topic: Poke holes in this early retirement plan (I've got 4 years to figure it out).
Replies: 16
Views: 1496

Re: Poke holes in this early retirement plan (I've got 4 years to figure it out).

I wouldn't pay anything extra on the house. Keep that money invested working for you. Then when you want to retire, just pay off the mortgage. You will have a lot more money that way.
by Brianmcg321
Sun Aug 09, 2020 1:42 pm
Forum: Personal Investments
Topic: Vanguard Passive Income Portfolio
Replies: 16
Views: 1914

Re: Vanguard Passive Income Portfolio

You will be paying a lot of taxes on that before you start withdrawing. Better to load up on VTSAX over the years and then just start draw8ng that down. Way more tax efficient and will get a better long term return. You can always go into a more conservative portfolio when needed.
by Brianmcg321
Thu Aug 06, 2020 8:28 am
Forum: Personal Investments
Topic: Any reason to go Roth over traditional even if staying in 22% tax bracket?
Replies: 52
Views: 2039

Re: Any reason to go Roth over traditional even if staying in 22% tax bracket?

I would max the traditional 401ks. Then put then max out each Roth IRA. Does your wife’s business have a 401k?
by Brianmcg321
Thu Aug 06, 2020 7:34 am
Forum: Personal Investments
Topic: FAANG Stocks
Replies: 27
Views: 2597

Re: FAANG Stocks

I wouldn’t buy target date funds in a taxable account.

For a taxable account and a long time horizon just put it in VTSAX. Vanguard Total Stock Market.
by Brianmcg321
Wed Aug 05, 2020 2:31 pm
Forum: Personal Investments
Topic: 8 year till retirement..Cant stomach the jitters..Please evaluate my move to Money Market
Replies: 27
Views: 2676

Re: 8 year till retirement..Cant stomach the jitters..Please evaluate my move to Money Market

You should look up The Permanent Portfolio.

Perfect for someone in your situation.
by Brianmcg321
Mon Aug 03, 2020 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Term life insurance and Covid question...
Replies: 21
Views: 1296

Re: Term life insurance and Covid question...

nps wrote: Sun Aug 02, 2020 1:09 pm Not sure what COVID has to do with it. You could get hit by a bus tomorrow. If you need life insurance, then you need life insurance.
This.

You should have the proper life insurance to cover the loss of income from a spouse. Covid has nothing to do with it.
by Brianmcg321
Fri Jul 31, 2020 10:06 pm
Forum: Personal Consumer Issues
Topic: Cyclists...where are you getting your masks?
Replies: 65
Views: 5859

Re: Cyclists...where are you getting your masks?

They are probably gaiters. https://www.google.com/search?q=fishing+gaiters&tbm=isch&ved=2ahUKEwjq7MOKg_nqAhVOk54KHWRsAAgQ2-cCegQIABAC&oq=fishing+gaiters&gs_lcp=ChJtb2JpbGUtZ3dzLXdpei1pbWcQAzICCAAyAggAMgYIABAFEB4yBggAEAgQHjIGCAAQCBAeOgQIIxAnOgUIABCxA1DXiQNYjaQDYLOmA2gBcAB4AIABgAKIAbsMkgEFMC44LjGYAQCg...
by Brianmcg321
Fri Jul 31, 2020 7:28 am
Forum: Personal Investments
Topic: 28 year old with $1.4 million in cash investing for the first time. My thoughts.
Replies: 72
Views: 10360

Re: 28 year old with $1.4 million in cash investing for the first time. My thoughts.

100% in VTSAX. Let it sit for a few years. If you had done this 5 years ago you would have $2.6mil now. Ouch.
by Brianmcg321
Thu Jul 30, 2020 8:10 pm
Forum: Personal Investments
Topic: Is 25 too young for paid off house?!
Replies: 72
Views: 5292

Re: Is 25 too young for paid off house?!

If you like the house its fine.

Now you can stash all you cash and get insanely rich. :beer

Don't upgrade until you're 40.
by Brianmcg321
Wed Jul 29, 2020 7:36 pm
Forum: Personal Investments
Topic: Poor service at Vanguard making me re-think my decision
Replies: 96
Views: 8261

Re: Poor service at Vanguard making me re-think my decision

Whenever someone asks me this question I refer them to Fidelity. And I have 90% of my portfolio with Vanguard. I had a Fidelity 401k and I really liked their interface and their app. I’ve had no issues with Vanguard, but I will probably transfer everything to Fidelitywhen I retire. Unless something ...