Search found 337 matches

by rylemdr
Sat Jun 25, 2011 10:29 am
Forum: Investing - Theory, News & General
Topic: Investment Quotes from great investors
Replies: 25
Views: 3489

This is one of my favorites. It's simple, yet timeless.

"Someone's sitting in the shade today because someone planted a tree a long time ago."

- Warren Buffet
by rylemdr
Sat Jun 25, 2011 10:13 am
Forum: Investing - Theory, News & General
Topic: Admiral Shares vs Investor Shares?
Replies: 36
Views: 40644

Re: Admiral Shares vs Investor Shares?

I'm looking at the types of funds available in the Vanguard website. What are Admiral Shares and Investor Shares? What other differences are there other than a lower expense ratio/higher min-investment, and higher expense ratio/lower min-investment respectively? I would assume Admiral Shares would ...
by rylemdr
Sat Jun 25, 2011 10:00 am
Forum: Investing - Theory, News & General
Topic: Admiral Shares vs Investor Shares?
Replies: 36
Views: 40644

Admiral Shares vs Investor Shares?

I'm looking at the types of funds available in the Vanguard website. What are Admiral Shares and Investor Shares? What other differences are there other than a lower expense ratio/higher min-investment, and higher expense ratio/lower min-investment respectively? I would assume Admiral Shares would e...
by rylemdr
Sat Jun 25, 2011 5:26 am
Forum: Personal Finance (Not Investing)
Topic: What are the chances of anyone becoming a billionare?
Replies: 41
Views: 4417

World Distribution of Household Wealth http://i54.tinypic.com/2nvdkeg.jpg So in 2000, there were 499 billionaires. World population in 2000 was about 6 billion . So world odds of being a billionaire in year 2000 were: 499/6,000,000,000 = 1 in 12 million odds of being a millionaire a little better: ...
by rylemdr
Sat Jun 25, 2011 1:10 am
Forum: Personal Finance (Not Investing)
Topic: Best state university for Accountants?
Replies: 20
Views: 2649

The advantage that I have is that I'm still young and new(1 year+) to the United States, so it would be very easy for me to move around to any state I want to live in. Of course, I would be working and residing in that state for a year before entering school. To answer your question, I am currently...
by rylemdr
Fri Jun 24, 2011 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Best state university for Accountants?
Replies: 20
Views: 2649

Your answer will depend on a few factors. What state do you live in? In-state tuition will differ greatly from out-of-state tuition. If you're looking for affordability, you should go for whatever is the top undergrad business program in your state university system. Also, a great undergraduate acc...
by rylemdr
Fri Jun 24, 2011 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Best state university for Accountants?
Replies: 20
Views: 2649

Best state university for Accountants?

Does anyone know what the best state university is for accountants? This university must be affordable and have a good record of students passing CPA examinations.

Most importantly, this university must have good job offers upon graduation.
by rylemdr
Fri Jun 24, 2011 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: What are the chances of anyone becoming a billionare?
Replies: 41
Views: 4417

I would only need to complete the scheme below 37 times (ignoring taxes) to get there. Is anyone in? I might need some help with the initial investment. In 1992.... "State lottery officials say that the group bought tickets for 5 million of a possible 7 million combinations, at $1 each, in a l...
by rylemdr
Fri Jun 24, 2011 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: What are the chances of anyone becoming a billionare?
Replies: 41
Views: 4417

World Distribution of Household Wealth http://i54.tinypic.com/2nvdkeg.jpg So in 2000, there were 499 billionaires. World population in 2000 was about 6 billion . So world odds of being a billionaire in year 2000 were: 499/6,000,000,000 = 1 in 12 million odds of being a millionaire a little better: ...
by rylemdr
Fri Jun 24, 2011 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: What are the chances of anyone becoming a billionare?
Replies: 41
Views: 4417

What are the chances of anyone becoming a billionare?

I've always thought billionares were a product of abilities and good luck. Many extremely brilliant people never become billionares, but some average folk just happen to be at the right place, at the right time, and end up with billions! So, what are the chances of anyone becoming a billionare? Any ...
by rylemdr
Thu Jun 23, 2011 4:11 am
Forum: Personal Investments
Topic: Very New to Investing (401k and IRA)
Replies: 17
Views: 1987

OP stated that he is listening to the advice of Dave Ramsey. I listened to Dave Ramsey too, and he is indeed quite averse to investing in bonds. Someone should explain why OP should buy bonds too and not just equities. I'm pretty new so I think someone with more experience should do it. I might mess...
by rylemdr
Thu Jun 23, 2011 4:04 am
Forum: Personal Investments
Topic: Opening a Vanguard account. Help.
Replies: 2
Views: 471

The Roth IRA and Individual accounts must be separate accounts but they can be accessed with the same logon name. You can logon to Vanguard.com with one logon name and see all accounts registered to your SSN. Thank you. Unfortunately, I cannot open a Vanguard account without filling up some complex...
by rylemdr
Thu Jun 23, 2011 2:42 am
Forum: Personal Investments
Topic: Opening a Vanguard account. Help.
Replies: 2
Views: 471

Opening a Vanguard account. Help.

I am trying to open a Vanguard account. It is letting me choose if I want this account to be a Roth, IRA, Individual, etc.. I want to make a Roth account for now, but how do I have an Individual account in it too? Not an Individual account inside a Roth, but a Roth account and an Individual account ...
by rylemdr
Thu Jun 23, 2011 12:50 am
Forum: Personal Investments
Topic: Need help. Just starting.
Replies: 5
Views: 524

Since you have a job, you should open a Roth and put money in it up the limit of your pay so far. And keep adding as you earn. Hopefully you'll be able to hit the $5000 max. Contributions to a Roth can be withdrawn at any time without penalty. As you will be paying very little in taxes (if any), th...
by rylemdr
Thu Jun 23, 2011 12:42 am
Forum: Personal Investments
Topic: Need help. Just starting.
Replies: 5
Views: 524

Re: Need help. Just starting.

1) Why do you need a taxable mutual fund account? What are you trying to accomplish? You say you want to "let it grow" before trying to reinvest. What if it doesn't grow? What is the point of that? Do you think its going to grow the fastest in what you're holding? Each day you hold it you...
by rylemdr
Wed Jun 22, 2011 9:51 pm
Forum: Personal Investments
Topic: Need help. Just starting.
Replies: 5
Views: 524

Need help. Just starting.

I have been posting on the forums for quite some time. I am still fairly new and I have decided to finally take some first steps towards investing on my own . I have some mutual funds(3.8k something after front load) in a taxable account at Edward Jones, yes, I know, wrong move, but I would rather j...
by rylemdr
Wed Jun 22, 2011 4:11 am
Forum: Personal Investments
Topic: I may be in over my head [options & taxes]
Replies: 28
Views: 3670

campy2010 wrote:
joe8d wrote:
I think the fact that I do not understand one thing in the original post means that I am a true Boglehead.
2nd that.
+3, post might as well have been written in Chinese.
HEY!! What an insult.. to Chinese. ;)
by rylemdr
Tue Jun 21, 2011 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: My Daughter /Divorced/Forclosure/ Rebuild Credit
Replies: 38
Views: 7091

Correct me if I am misunderstanding you or if I am reading between the lines too much. Your daughter broke her agreement to repay a loan obligation. You provided a means to immediately get her back into another home under currently favorable prices and interest rates. Would you not consider this ga...
by rylemdr
Tue Jun 21, 2011 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Life planning help - nursing - military - masters program
Replies: 11
Views: 1725

I don't really want to join the Army, mainly because people say it is the toughest branch of the military to work in. I would prefer the Navy or Airforce because it's more lax. If not, the Marines are also okay because of the pride factor. Deployment to Iraq or Afghanistan is something I would like ...
by rylemdr
Tue Jun 21, 2011 6:15 am
Forum: Personal Finance (Not Investing)
Topic: Life planning help - nursing - military - masters program
Replies: 11
Views: 1725

I can't imagine something too much worse for a patient than a nurse who isn't interested. Go in to military service. Of the dozen cousins I mentioned, not one of them likes being a nurse, NOT ONE. They all just did it for the money really. That was also the only way they got in the USA a few years ...
by rylemdr
Tue Jun 21, 2011 5:48 am
Forum: Personal Finance (Not Investing)
Topic: What credit card gives the best cash back/perks right now?
Replies: 65
Views: 16018

Wow, so many replies! All very helpful guys, thanks for all the input! :)

-OP
by rylemdr
Tue Jun 21, 2011 5:21 am
Forum: Personal Finance (Not Investing)
Topic: Life planning help - nursing - military - masters program
Replies: 11
Views: 1725

Life planning help - nursing - military - masters program

I am an Asian male, 21 years old, who will be getting my green card(hopefully) within the year. I will be graduating with a bachelor's degree in Business Management this November and I am at a crossroads. Many members of my family(not necessarily immediate members) are in the health care field. I ha...
by rylemdr
Mon Jun 20, 2011 4:14 am
Forum: Personal Finance (Not Investing)
Topic: Teaching spouse about money
Replies: 40
Views: 4182

Try "Financial Peace University" by Dave Ramsey. It's pretty straightforward and downright simple for common folk to understand. It's worth a shot. Worked for me and my family.
by rylemdr
Sun Jun 19, 2011 2:08 am
Forum: Personal Finance (Not Investing)
Topic: What credit card gives the best cash back/perks right now?
Replies: 65
Views: 16018

What credit card gives the best cash back/perks right now?

I'm looking for a credit card that has a good cash back offer or similar perks such as air mileage. I currently have a secured account with Bank of America and I'm slowly building up my credit score. High interest rates for late payments is not an issue because I pay my bills full every time they co...
by rylemdr
Sun Jun 19, 2011 12:31 am
Forum: Personal Consumer Issues
Topic: What full service brokerages to open an account with?
Replies: 6
Views: 745

What full service brokerages to open an account with?

Does anyone know of any full service brokerages to open an account with? Not to invest of course, just to get in and receive invites for those fancy events they give out telling their investors about a new fund worth investing, etc.. I have an Edward Jones taxable account and I get invites for these...
by rylemdr
Sun Jun 19, 2011 12:16 am
Forum: Personal Investments
Topic: 2 Roth IRA Accounts?
Replies: 5
Views: 1057

I would like to keep my ejones account because the guy is really nice and he did help me get into investing(I went to him, by the way, and I knew that there will be fees). He helped me learn about mutual funds, stocks, bonds, etc.. He took the time to teach me when all the other ejones salespeople d...
by rylemdr
Sat Jun 18, 2011 5:12 pm
Forum: Personal Investments
Topic: 2 Roth IRA Accounts?
Replies: 5
Views: 1057

2 Roth IRA Accounts?

Is it possible to open 2 separate Roth IRA accounts at different companies provided I only contribute up to my maximum(4k) within the year? I have a taxable account in Edward Jones(4k) and I would like to switch it to a Roth but I would also like to open a vanguard account and start up a Roth there....
by rylemdr
Fri Jun 17, 2011 8:29 pm
Forum: US Chapters
Topic: Bakersfield, California Bogleheads?
Replies: 0
Views: 1183

Bakersfield, California Bogleheads?

Hey! Are any of you Bogleheads from Bakersfield, CA? It would be nice if I could join you guys. I'm quite new to the country and I need contacts and friends :)
by rylemdr
Fri Jun 17, 2011 7:56 pm
Forum: Personal Investments
Topic: quick question on where to park my money.
Replies: 13
Views: 1715

I have some rainbow savings accounts at Wilshire State bank that work ok - but now new accounts are just at 3%. Your savings sits at .85% and transfers over in increments to the higher rate a little at a time. In addition to that there are threads on fatwallet-finace that have the cream of the crop...
by rylemdr
Fri Jun 17, 2011 7:55 pm
Forum: Personal Investments
Topic: quick question on where to park my money.
Replies: 13
Views: 1715

Thanks for linking that, explains tax loss harvesting much better. However, i see a certain flaw with that thinking, especially if you tie up your EFs into funds. You only use your EF if you're in a tight spot. Forcibly selling your losing fund(at that time) even if you hadn't planned on doing so wo...
by rylemdr
Fri Jun 17, 2011 10:10 am
Forum: Personal Investments
Topic: quick question on where to park my money.
Replies: 13
Views: 1715

Yes I am :D Tax loss harvesting confuses me, especially since I'm just starting out and trying to build an EF.
by rylemdr
Fri Jun 17, 2011 4:53 am
Forum: Personal Investments
Topic: quick question on where to park my money.
Replies: 13
Views: 1715

Re: quick question on where to park my money.

i just bought the bogleheads investment guide and so far have learned about the long term benefits of indexing and much more.. one thing i would like to clarify though, is with the topic of knowing what you're buying: part II: 10 advantages to investing in mutual funds #7 "money market funds o...
by rylemdr
Fri Jun 17, 2011 4:13 am
Forum: Personal Investments
Topic: quick question on where to park my money.
Replies: 13
Views: 1715

You're right in assuming that a money market would be a good choice for parking money. It's very liquid and usually returns more than your typical savings account. Over the last couple of years however, returns on money markets have been down-right pathetic (mine was returning $.05 every month on a...
by rylemdr
Fri Jun 17, 2011 1:26 am
Forum: Personal Investments
Topic: quick question on where to park my money.
Replies: 13
Views: 1715

quick question on where to park my money.

hi! it's me again :D (i'm the new guy) i just bought the bogleheads investment guide and so far have learned about the long term benefits of indexing and much more.. one thing i would like to clarify though, is with the topic of knowing what you're buying: part II: 10 advantages to investing in mutu...
by rylemdr
Thu Jun 16, 2011 6:15 am
Forum: Personal Investments
Topic: 21 years old - new investor
Replies: 12
Views: 1377

thanks for the replies guys! i'm very new here and i like you people already. :D very friendly and helpful bunch. i am half-way reading into the bogleheads investing guide. this is indeed very helpful stuff. i did see the blue links and i used them! thanks :D i will probably post another topic when ...
by rylemdr
Wed Jun 15, 2011 7:28 am
Forum: Personal Investments
Topic: 21 years old - new investor
Replies: 12
Views: 1377

thanks for the quick reply guys. i'm glad to be here. i just checked the expense ratios of the funds i have on morningstar and they are all over 0.5% :( i remember paying pretty high front end loads too. i noticed many of the posters on this forum are vanguard fans. will try to give that a look :) i...
by rylemdr
Wed Jun 15, 2011 6:27 am
Forum: Personal Investments
Topic: 21 years old - new investor
Replies: 12
Views: 1377

21 years old - new investor

Hi. I'm new here and I'm very new to investing. I put around 4k in some mutual funds a few months ago at an Edward Jones adviser. I know full service brokerages cost more, but I don't like going into things I don't know about so the extra cost is ok for me. Is Edward Jones any good as far as full se...