Search found 5619 matches

by David Jay
Sat Oct 06, 2018 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: Whew! Stock market is no longer at all-time highs, so ...
Replies: 34
Views: 5456

Re: Whew! Stock market is no longer at all-time highs, so ...

unclescrooge wrote:
Sat Oct 06, 2018 1:51 am
What about cheap coin? I hear its like Bitcoin, but has a small cap, value tilt to it?
An SCV crypto? I am sooo in!
by David Jay
Sat Oct 06, 2018 11:26 am
Forum: Personal Consumer Issues
Topic: Help identify vine in backyard
Replies: 26
Views: 1530

Re: Help identify vine in backyard

Kenkat wrote:
Sat Oct 06, 2018 11:10 am
Definitely not poison ivy - three leaves and red stems are the main markers. It might be nettle.
Agree, NOT poison ivy (which I battle due to lots of shade and undeveloped neighboring lots)
by David Jay
Sat Oct 06, 2018 11:22 am
Forum: Investing - Theory, News & General
Topic: Stress testing for those contemplating retirement in the next couple years
Replies: 28
Views: 2831

Re: Stress testing for those contemplating retirement in the next couple years

tibbitts wrote:
Sat Oct 06, 2018 11:05 am
Almost everybody here has moved past 25x to some higher number...
You are claiming to speak for “almost everybody” on BH. That is a strong statement that requires strong evidence. You certainly don’t speak for me.
by David Jay
Fri Oct 05, 2018 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: can i start a private investment firm?
Replies: 70
Views: 5214

Re: can i start a private investment firm?

So Uber-rebu (yes, I saw what you did there): To summarize, if you do not want to jump through all the hoops of certification your choices are: 1. Start a hedge fund. You can only offer your services to accredited investors. 2. Start an investment club. You cannot be paid for your services. That's a...
by David Jay
Fri Oct 05, 2018 11:46 am
Forum: Investing - Help with Personal Investments
Topic: My company does not offer 401k match, should I forego contributing to it?
Replies: 13
Views: 1219

Re: My company does not offer 401k match, should I forego contributing to it?

As others have said:

- First fill your Roth.

- Then use the employer 401K, it is better than taxable.

[you should be targeting saving 15%, so $5500 Roth is not enough]
by David Jay
Fri Oct 05, 2018 11:34 am
Forum: Investing - Help with Personal Investments
Topic: Retirement Scenario
Replies: 8
Views: 1192

Re: Retirement Scenario

This week I talked to a Fidelity retirement advisor who said that bonds can still lose value. What he said is true but misleading. Short term bond funds have very low volatility. Including 2007 (when it looked like the entire financial system was melting down), the Vanguard Short Term Bond Fund has...
by David Jay
Fri Oct 05, 2018 8:56 am
Forum: Personal Consumer Issues
Topic: Remember traveler's checks? How to cash a forgotten stash
Replies: 29
Views: 3507

Re: Remember traveler's checks? How to cash a forgotten stash

lynneny wrote:
Thu Oct 04, 2018 9:11 pm
(which I've shared with all of you).
And now forever available with the BH search function...
by David Jay
Thu Oct 04, 2018 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Eligibility for a backdoor Roth
Replies: 4
Views: 308

Re: Eligibility for a backdoor Roth

I thought so. Did you check out the Wiki link? It covers the situations that require care so everything works properly.
by David Jay
Thu Oct 04, 2018 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: Eligibility for a backdoor Roth
Replies: 4
Views: 308

Re: Eligibility for a backdoor Roth

Welcome to the forum! From the reading I’ve done about the mega backdoor Roth... I think you mean a standard backdoor Roth, not a MEGA backdoor Roth (which is a rollover from an after-tax employer sponsored plan). Boglehead Wiki on backdoor Roth here: https://www.bogleheads.org/wiki/Backdoor_Roth_IR...
by David Jay
Thu Oct 04, 2018 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Tesla Class Action Lawsuit..... Should I Join ?
Replies: 18
Views: 2418

Re: Tesla Class Action Lawsuit..... Should I Join ?

Yes, been involved in a bunch of them. The lawyers take 10 million, the plaintiff’s settlement is $20 million, spread across 100 million shares so you get 20 cents a share.

I have also had coupons (no cash) settlements for consumer class action lawsuits.
by David Jay
Thu Oct 04, 2018 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Tesla Class Action Lawsuit..... Should I Join ?
Replies: 18
Views: 2418

Re: Tesla Class Action Lawsuit..... Should I Join ?

This is a process designed to punish wrongdoers and enrich lawers, not to make you whole. Actual math for recognized loss will be published, and you'll recieve a portion of the recognized loss after fees and dependent on how many class members submit proper paperwork. If your recognized loss and ex...
by David Jay
Wed Oct 03, 2018 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: Cash bonus for IRA rollover?
Replies: 9
Views: 860

Re: Cash bonus for IRA rollover?

IowaFarmBoy wrote:
Wed Oct 03, 2018 6:46 pm
I rolled about $200k to Fidelity recently and the best offer I could get from them was 500 free trades. No cash offers. I doubt I will use any of the trades.
That’s what happens when you offer zero ER funds. Ya gotta’ cut somewhere... :wink:
by David Jay
Wed Oct 03, 2018 1:51 pm
Forum: Investing - Theory, News & General
Topic: If everybody indexed, the only word you could use is chaos, catastrophe
Replies: 99
Views: 15590

Re: If everybody indexed, the only word you could use is chaos, catastrophe

Nisi can start one of his trademarked funds! :happy As I have said regarding this topic (on numerous threads): When the SPIVA scorecard shows that just 50% of active funds can beat their category averages, I will evaluate whether to "get back in" the stock picking game (been there, done that). Until...
by David Jay
Wed Oct 03, 2018 1:39 pm
Forum: Investing - Theory, News & General
Topic: Key differences between investing philosophies: Swedroe vs. Bogle
Replies: 144
Views: 8016

Re: Key differences between investing philosophies: Swedroe vs. Bogle

steve321 wrote:
Wed Oct 03, 2018 12:44 pm
Tycoon wrote:
Wed Oct 03, 2018 12:40 pm
I wouldn't put much weight in academic studies. Peer reviewed or otherwise.
why not? Do you believe their conclusions are false?
Man, you haven't been keeping up with the news...
by David Jay
Wed Oct 03, 2018 12:30 pm
Forum: Investing - Theory, News & General
Topic: Key differences between investing philosophies: Swedroe vs. Bogle
Replies: 144
Views: 8016

Re: Key differences between investing philosophies: Swedroe vs. Bogle

What are the key differences between them and who is right, in your opinion? Right about what? I'm going with Rick's analysis of the two philosophies above, here are my thoughts on the implications: 1. Larry may well be able to provide slightly better growth over time. 2. The average investor is li...
by David Jay
Wed Oct 03, 2018 11:26 am
Forum: Investing - Help with Personal Investments
Topic: Roth or No Roth before SS claim at 70
Replies: 5
Views: 452

Re: Roth or No Roth before SS claim at 70

May I suggest that you seriously look at your filing dates? In almost all cases where there is a significant difference in PIA (primary insurance amount), a married couple is well served by delaying the higher earning spouse and claiming early for the lower earning spouse. I like the "Open Social Se...
by David Jay
Wed Oct 03, 2018 11:20 am
Forum: Investing - Theory, News & General
Topic: Key differences between investing philosophies: Swedroe vs. Bogle
Replies: 144
Views: 8016

Re: Key differences between investing philosophies: Swedroe vs. Bogle

...who is right...? Right about what? I'm going with Rick's analysis of the two philosophies above, here are my thoughts on the implications: 1. Larry may well be able to provide slightly better growth over time. 2. The average investor is likely better served by simplicity. That probably means the...
by David Jay
Wed Oct 03, 2018 11:12 am
Forum: Investing - Help with Personal Investments
Topic: After 6 months on BH, this is where I'm at...
Replies: 28
Views: 3313

Re: After 6 months on BH, this is where I'm at...

1. I assume all your Muni funds are in taxable? I also presume your marginal tax rate is at least 32%? Because Muni funds really don't make sense in the 24% tax bracket. Why? Where I can read more? Use the forum search box (upper right on the screen, says "Google..."), search string "muni tax brack...
by David Jay
Wed Oct 03, 2018 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Long or medium bonds
Replies: 88
Views: 5762

Re: Long or medium bonds

Undone1 wrote:
Wed Oct 03, 2018 9:39 am
I intend to retire prior to 59.5 ...
At retirement, you should hold living expenses for perhaps 2-3 years in a short term bond fund because it will have the least volatility.
by David Jay
Wed Oct 03, 2018 9:22 am
Forum: Investing - Help with Personal Investments
Topic: Long or medium bonds
Replies: 88
Views: 5762

Re: Long or medium bonds

This might be a stupid question but if interest rates go up and you are in a long term bond fund do the rate for them go up ? I am not as familiar with bond funds and just wanted to know. No, the bond fund won't immediately go up to the new rate. In fact, the rate will hardly move at all on a LT bo...
by David Jay
Wed Oct 03, 2018 9:08 am
Forum: Investing - Help with Personal Investments
Topic: After 6 months on BH, this is where I'm at...
Replies: 28
Views: 3313

Re: After 6 months on BH, this is where I'm at...

The most common advice on BH is to avoid Long Term bonds because of volatility and liquidity. So if you are looking to simplify, perhaps moving some long term to intermediate term?
by David Jay
Wed Oct 03, 2018 9:05 am
Forum: Investing - Help with Personal Investments
Topic: Too heavy on S/M cap??
Replies: 10
Views: 709

Re: Too heavy on S/M cap??

Total Market is emulated with approximately 80% SP500 + 20% Extended Market. This implies that market weight is closer to 20% small/mid than (your current) 30%. [edit] I am not making any judgements, just stating that you have an effective tilt to small/mid. That's fine if that is what you want to a...
by David Jay
Wed Oct 03, 2018 8:14 am
Forum: Investing - Help with Personal Investments
Topic: After 6 months on BH, this is where I'm at...
Replies: 28
Views: 3313

Re: After 6 months on BH, this is where I'm at...

AerialWombat wrote:
Wed Oct 03, 2018 12:42 am
I have a very little stomach for stock market volatility.
I like that answer, to quote a famous philosopher: "Know thyself".

In your reading here on BH, you no doubt have come across the formulation: "Need, willingness and ability" to take risk. If you are unwilling, that settles it.
by David Jay
Tue Oct 02, 2018 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: After 6 months on BH, this is where I'm at...
Replies: 28
Views: 3313

Re: After 6 months on BH, this is where I'm at...

A few questions:

1. I assume all your Muni funds are in taxable? I also presume your marginal tax rate is at least 32%? Because Muni funds really don't make sense in the 24% tax bracket.

2. Why do you have "income" funds when you are in the accumulation phase of your life?
by David Jay
Tue Oct 02, 2018 11:55 am
Forum: Investing - Help with Personal Investments
Topic: Trying to retire early, what should I do?
Replies: 19
Views: 1528

Re: Trying to retire early, what should I do?

Welcome to the forum! A few thoughts: 1. You will need about 30X expenses to retire at age 50. So the two keys are expenses (keep them low) and savings rate (keep it high). With perhaps a $50,000 portfolio balance, you have a long way to go. Focus for now on the two things you can control, not your ...
by David Jay
Tue Oct 02, 2018 11:46 am
Forum: Investing - Help with Personal Investments
Topic: ROTH IRA - does it worth it?
Replies: 4
Views: 491

Re: ROTH IRA - does it worth it?

A couple of thoughts: 1. Have you taken advantage of all tax-advantaged space? If not, do that first 2. Next I would convert HIS tIRA to Roth (only $10,000), that frees up $5500 in contribution space for just the taxes on $10,000. Remember that the "I" in IRA is "individual", each of you have indivi...
by David Jay
Mon Oct 01, 2018 11:31 am
Forum: Investing - Theory, News & General
Topic: If everybody indexed, the only word you could use is chaos, catastrophe
Replies: 99
Views: 15590

Re: If everybody indexed, the only word you could use is chaos, catastrophe

MNGopher wrote:
Sun Sep 30, 2018 8:09 pm
It will be interesting to see when the trend towards passive levels off or possibly reverses. Maybe at around 50%? Or when the next major recession hits?
CMH works at 50% market share and in major recessions.
by David Jay
Mon Oct 01, 2018 10:04 am
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2019!
Replies: 123
Views: 15439

Re: Roll Call for the Retirement Class of 2019!

:musical_note: "We're movin' on up..." :musical_note: (theme from the tv show: "The Jeffersons").

Just reached a final agreement with the boss. January 15 is my last day. The day I turn 62.


On the 16th I'm going to call in "well".
by David Jay
Sun Sep 30, 2018 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: Keep it simple at high income level?
Replies: 42
Views: 10950

Re: Keep it simple at high income level?

Wow, you have done so well for your first couple of years out of residency. Congrats! You have set yourself on the path to being financially independent in 15 - 20 years. If you are worried about the market, take one of two steps: A. Back down your Asset Allocation a bit, maybe 80/20 instead on 90/1...
by David Jay
Sun Sep 30, 2018 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: Transamerica 401K Guidance
Replies: 2
Views: 305

Re: Transamerica 401K Guidance

Your instinct is correct - take the match but put the rest in your Roth.

I think I would put it all in Total Stock and do your Asset Allocation and rebalancing activities in your Roth. But, especially for the first few years, it really doesn’t make much difference.
by David Jay
Sun Sep 30, 2018 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: Guaranteed Minimum Annuity ??
Replies: 7
Views: 709

Re: Guaranteed Minimum Annuity ??

That being said, from your “retirement” thread - it doesn’t matter what you do, you will be fine with a portfolio of 40X expenses.
by David Jay
Sun Sep 30, 2018 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: Guaranteed Minimum Annuity ??
Replies: 7
Views: 709

Re: Guaranteed Minimum Annuity ??

I looked at the brochure. Do you understand fully this product? As Jane Quinn Bryant says: “Never invest in anything you can’t explain tax relatively intelligent 12 year old”. It appears to be a mutual fund with an underlying variable annuity with a 1% income base increase per year. That is an extre...
by David Jay
Sun Sep 30, 2018 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Portfolio Suggestions
Replies: 7
Views: 868

Re: Early Retirement Portfolio Suggestions

For the ultimate in simplicity for a beginning “do-it-yourself” portfolio you could do a lot worse than a Vanguard LifeStrategy fund. The LifeStrategy family of funds are all fully diversified between US stocks, Foreign Stocks, US Bonds and Foreign Bonds. The funds automatically rebalance to maintai...
by David Jay
Sat Sep 29, 2018 2:00 pm
Forum: Investing - Theory, News & General
Topic: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement
Replies: 135
Views: 17362

Re: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement

The above is why I find this simulator interesting. Here’s my situation: 54 years old, wife is 52. We have about 10x income saved, probably around 14x expenses, with a legit shot at the 25x goal by 65. That said, I also have a pension, and with social security, will probably be able to cover most i...
by David Jay
Sat Sep 29, 2018 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: 0% loan to family member
Replies: 44
Views: 2725

Re: 0% loan to family member

bubbadog wrote:
Sat Sep 29, 2018 11:54 am
A 0% loan to a family member is a long winded way to say GIFT!
^^^ This

Assume it is gone. If some of it ever comes back, think of it as a windfall.

[edit] and remember Michael, it is your Dad’s money, not yours.
by David Jay
Sat Sep 29, 2018 11:56 am
Forum: Investing - Help with Personal Investments
Topic: Question about my Roth IRA
Replies: 7
Views: 790

Re: Question about my Roth IRA

If something happens that prevents Fidelity from providing funds for some period of time that coincides with my need of money... Oli: This is the only substantive risk. Have enough living expenses outside of your primary custodian so that here will not be an issue if their computer systems go down ...
by David Jay
Sat Sep 29, 2018 11:26 am
Forum: Investing - Theory, News & General
Topic: What to do at 62?
Replies: 62
Views: 8490

Re: What to do at 62?

If the tax bill in absolute dollars was the same at age 62 and age 72, you would obviously rather pay the taxes 10 years later. This is the flawed assumption. It will not be the same tax bill in absolute dollars because you would need to convert more dollars in the future to convert the same volume...
by David Jay
Sat Sep 29, 2018 11:11 am
Forum: Investing - Help with Personal Investments
Topic: When to take social security
Replies: 4
Views: 879

Re: When to take social security

To my mind, the key is to check the difference in total value between various ages and 70 (70 vs. 69, 70 vs. 68, etc.) For me the benefit of waiting until 70 vs. 69 was less than $7000 over both lifetimes ending in the late 80s. Doesn't seem worth it to wait. Yes, there are lots of choices and many...
by David Jay
Fri Sep 28, 2018 8:43 pm
Forum: Investing - Help with Personal Investments
Topic: When to take social security
Replies: 4
Views: 879

Re: When to take social security

There are several threads here on BH about opensocialsecurity.com including one by Mike for feature discussion and bug reports. Do a BH search for “opensocialsecurity”.
by David Jay
Wed Sep 26, 2018 3:08 pm
Forum: Investing - Theory, News & General
Topic: Roth IRA Conversion Ladder before 59.5
Replies: 25
Views: 1579

Re: Roth IRA Conversion Ladder before 59.5

Mjar wrote:
Wed Sep 26, 2018 3:05 pm
My assumption was no longer employed when 50yo and the 401k would have been rolled to a traditional IRA then from there the Roth IRA Ladder would be started
Are the 401K funds pre-tax (standard 401K) or post tax (Roth 401K)?
by David Jay
Wed Sep 26, 2018 2:42 pm
Forum: Investing - Theory, News & General
Topic: Roth IRA Conversion Ladder before 59.5
Replies: 25
Views: 1579

Re: Roth IRA Conversion Ladder before 59.5

...a Roth IRA conversion from my 401k... There are a bunch of issues here, but let's just focus on this one: 1. In general, you are not allowed to roll over standard (pre-tax) 401K funds or Roth 401K funds prior to 59.5 if you are still employed by the company. This is called an "in-service" distri...
by David Jay
Tue Sep 25, 2018 8:18 pm
Forum: Investing - Theory, News & General
Topic: GISC Changes to Vanguard Technology ETF
Replies: 4
Views: 530

Re: GISC Changes to Vanguard Technology ETF

This post appears to be referring to GI C S, document here: https://us.spdrs.com/docs-commentary/gi ... hanges.pdf
by David Jay
Tue Sep 25, 2018 7:04 pm
Forum: Investing - Help with Personal Investments
Topic: SIL - 25x vs firecalc
Replies: 39
Views: 4200

Re: SIL - 25x vs firecalc

How's her health? And what would she get in social security if she delays it to later? If she's generally healthy, delaying SS is likely the best way she can invest her spare cash. And given her financial skills and habits, I suspect it'd be the best way to ensure she has money at an older age. The...
by David Jay
Tue Sep 25, 2018 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: How to direct spouse to use life insurance proceeds if I die first?
Replies: 15
Views: 1066

Re: How to direct spouse to use life insurance proceeds if I die first?

Give him your BH login and password and let him know we're here to help when you're gone. :beer Okay fine, give him this link, too: https://www.bogleheads.org/wiki/Managing_a_windfall OP Here. I do have instructions in there for him to come to this forum for questions. :) My phrasing in my letter t...
by David Jay
Tue Sep 25, 2018 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: SIL - 25x vs firecalc
Replies: 39
Views: 4200

Re: SIL - 25x vs firecalc

How's her health? And what would she get in social security if she delays it to later? If she's generally healthy, delaying SS is likely the best way she can invest her spare cash. And given her financial skills and habits, I suspect it'd be the best way to ensure she has money at an older age. The...
by David Jay
Tue Sep 25, 2018 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: Early mortgage payoff- a hoax?
Replies: 11
Views: 1582

Re: Early mortgage payoff- a hoax?

Standard home mortgages use simple interest ( car loans and other consumer loans can front-load the interest ). With simple interest, they calculate the outstanding balance each month, calculate the interest due on that balance, subtract that amount from your payment and put the remainder on princi...
by David Jay
Tue Sep 25, 2018 5:53 pm
Forum: Investing - Help with Personal Investments
Topic: Early mortgage payoff- a hoax?
Replies: 11
Views: 1582

Re: Early mortgage payoff- a hoax?

Standard home mortgages use simple interest ( car loans and other consumer loans can front-load the interest ). With simple interest, they calculate the outstanding balance each month, calculate the interest due on that balance, subtract that amount from your payment and put the remainder on princi...
by David Jay
Tue Sep 25, 2018 3:10 pm
Forum: Investing - Theory, News & General
Topic: Inflation and withdrawal from portfolio
Replies: 23
Views: 944

Re: Inflation and withdrawal from portfolio

My brother in law is retired. He told me he uses 33% of what his portfolio generates ( cap gains , dividends and interest) every year for his expenses. He reinvests all capital gains and a portion of the dividends and interest. We are trying to figure out what you are saying here. How does his port...
by David Jay
Tue Sep 25, 2018 1:45 pm
Forum: Personal Consumer Issues
Topic: Oil change interval for low-mileage vehicles
Replies: 89
Views: 6097

Re: Oil change interval for low-mileage vehicles

livesoft wrote:
Tue Sep 25, 2018 5:47 am
I think even every 6 months (unless the oil change is free) is probably overkill in a low mileage driven-at-least-once-a-week situation.
+1
by David Jay
Tue Sep 25, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Employer says no to relocation as employee, should I offer to be contractor?
Replies: 27
Views: 1765

Re: Employer says no to relocation as employee, should I offer to be contractor?

Do they have an office in New Hampshire or Massachusetts? You could work out of one of those offices and be a lot closer to family.