Bogleheads.org

Avo

Well your buy list shows that you've already rejected the investing advice you would have gotten here, so I don't know why you want more ... but here goes:

If you can buy commission free, do whatever feels good.

If you cannot buy commission free, make a single purchase.

Good luck!

Avo

You are right FLPSX has indeed bested Mid cap, mid cap value and S/P. How do you calculate it gave 10.74%? What website do you use? When I use morningstar it only gives me a beginning and end value and not a percentage annualized increase I used M* to get the total final value of $72,487.91 for an ...

Avo

Fidelity Low-Priced Stock, a well-known midcap value fund, returned 10.74% over the same period, net of fees. Subtract a 1% AUM fee from the 12.06% equity return on the OP's portfolio, and we're very much in the same ballpark. FLPSX holds hundreds of stocks, so I'm sure its volatility was considerab...

Avo

Since I can't invest in an index, and since indices don't usually take dividends into account, I find it more useful to follow appropriate funds via M* charts (which include reinvested dividends), VTIAX for ex-US and VTSAX for US.

Avo

Welcome to the forum!

It all looks fine to me. You did indeed have until 4/15/2016 to contribute for 2015, and you could contribute for 2016 at any time between 1/1/2016 and 4/15/2017.

So if you did not have an earlier contribution for 2015 (that you did not list), you're fine.

Avo

Welcome to the forum! Condolences on the personal losses that led to the inherited IRAs. I assume you know that you have annual required minimum distributions from all the inherited IRAs: https://investor.vanguard.com/inherit/ira-rmd?lang=en Your Roth and the inherited Roth grow tax free, so stock f...

Avo

Agreed on the experienced attorney, provided the amount is large enough to justify it.

I don't know what the costs would be for this, but every time I go near an attorney it costs me multiple $K.

Avo

With an expense ratio of 0.79%, this fund serves to remove assets from your portfolio and deposit them with PIMCO. Well not exactly: http://i68.tinypic.com/m8hbgk.jpg That's PONDX in blue (since inception), compared to Wellesley in orange, and Vangaurd Target Retirement Income in green. Sure, we do...

Avo

Backdoor Roth for both you and your wife. And your wife does not need to have her own earned income for this.

https://www.bogleheads.org/wiki/Backdoor_Roth_IRA

https://thefinancebuff.com/the-backdoor ... ow-to.html

Avo

If you are at all unsure, it is best to roll the pension over into an IRA. Then, you can decide to withdraw as much as you want (and pay taxes on the amount withdrawn), after you've figured out your need for funds, your tax situation, etc.

Avo

Two comments, one actionable for OP, one not: The one that is not actionable by the OP: These finance issues should have been settled before the marriage. The time to advise your grandson was when you first learned of his engagement. The one that is actionable: If an asset is to be held jointly in a...

Avo

Sounds like a terrible idea to me. It's unclear how much you have saved outside of tax-advantaged, but that should be exhausted first, including emergency funds, since you could take the 403b loan in an emergency. (This assumes your job is safe, but if it isn't, then you should not take a 403b loan,...

Avo

Congratulations!

Avo

$0.74 on $10K for 1 week is an annualized return of 0.38%, which is likely the interest rate on the settlement fund.

Avo

Elder Law Attorney first. Then, advice from here may be enough. If not, a fee-only, fiduciary CFP.

Avo

VWILX is an actively managed fund with an expense ratio of 0.33%. MINHX is an actively managed fund with an expense ratio of 0.76%. MINHX has a really great track record. Personally, I would keep paying the extra 0.43%, though that would not likely be the consensus here. Note that RNPFX (another act...

Avo

What is your current allocation? I didn't see it simply displayed.

Avo

Welcome to the forum! It's completely fine to have the same fund in more than one account. Target 2055 is fine. It is essentially* a 3-fund portfolio, with the percentages in each underlying fund chosen by Vanguard. The only reason to construct a do-it-yourself 3-fund portfolio is to tinker with the...

Avo

I looked up the performance of the MSCI World Index; from 5/31/1994 through 6/30/2017, the annualized return was 7.41%, not including dividends. Over the same period, the S&P500 index returned an annualized 7.49%, not including dividends. MSCI data: https://www.msci.com/documents/10199/8d97d244-...

Avo

My issue is why a lot of people believe that this automatically translates to a reasonable return for US dollar investors. Its quite possible that local currency investors get a reasonable return in their local currency and USD investors don't or the reverse can happen depending on the exchange rat...

Avo

Merriman is way too complicated for a beginner, IMO. I was very fortunate that when my daughter took a required economics class in high school, she had a fantastic teacher (male) who took 3 weeks to give a non-standard curriculum on personal finance that was pure bogleheads. She took it all in. Whew...

Avo

I am the beneficiary of some life insurance benefits. Condolences on your loss. I can take the cash and then invest it or I can draw 3.5 % interest as long is it stays with the insurance company. ... My concerns are that it is not FDIC protected but 3.5 % guaranteed sounds decent. 3.5% is very good...

Avo

There's a gif tax??

Avo

TD2626 wrote:Other than the complexity and the large number of small allocations

Other than that, Mrs. Lincoln, how was the play?

Avo

It's amazing to me that the OPs former high-cost advisor apparently did not have a strategy for dealing with the concentrated position ...

Avo

Does he know what percentages of assets in stock that he wants in each account?

If so, he could just pick the Life Strategy Fund that's closest to this for each account:

https://investor.vanguard.com/mutual-funds/lifestrategy

Avo

Are there other more meaningful numbers I can obsess over besides net worth? I suggest obsessing over the numbers in your avatar. They're way cooler! More seriously, you say you have "no interest in leaving an estate". But are there any causes / charities you care about? You could obsess ...

Avo

Your papers bonds can be re-registered in the name of your trust, but doing so requires opening an account at treasurydirect.gov, and converting the bonds to electronic form: https://www.treasurydirect.gov/indiv/planning/plan_estate_trustform_reissue.htm I would not do this for such a small amount! ...

Avo

On a related note I am somewhat new here, but why is the one universal answer here diversified portfolio? Shouldnt there be some common sense check that you are investing in companies that actually exist? Or is the assumption that someone else already did all the research and you are just following...

Avo

It has occurred to me that if all bogleheads really believed they should be truly diversified and invest in intl stock according to market weight, they would invest at 55/45 US/intl, but they don't. Many of us do. However, there is an MPT reason to hold a higher fraction of US companies if you want...

Avo

The main determiners of bond-fund results are (1) cost, and (2) amount of risk taken. You can increase or decrease the amount of risk taken (when compared to a domestic total-index fund like FSITX) by splitting it up into separate corporate and government funds, and separate maturity ranges. The gov...

Avo

fearlessflyer wrote:I'm making a bet on strong consumer growth.

No, you are making a bet that consumer growth will be stronger than what the market believes it will be. The market's belief is already priced in. Why do you believe you know more than the market?

Avo

FOSFX is Fidelity Overseas. It is not an index fund. It is not recommended here.

Please do some more reading before investing.

Avo

I found some pirated excerpts on the interwebs.

Appears to be standard boglehead advice, except he likes a big slug of "precious metals equity".

"Death of Buy and Hold" seems to mean that you should rebalance.

Avo

No one here is going to recommend going with an actively-managed fund over an index fund with much lower fees. The bogleheads-preferred international index fund at Fidelity is Fidelity Total International Index Fund Premium Class (FTIPX), which includes small caps, but Fidelity International Index P...

Avo

As new money comes into index funds, the funds must buy more stock. These buys will be subject to the higher trading costs that the article discusses.

Avo

If other assets are more correlated, that means there is less reason to hold them.

Pure marketing fluff, IMO.

(I like how it says "For Schwab Private Client only" at the bottom of each page, and then they make it publicly available.)

Avo

I have been trying to figure out what a theoretically ideal/perfect hypothetical portfolio might be. This is the whole subject of modern portfolio theory, the efficient frontier, factor-based investing, etc. You are very far from this! You seem to have the idea that tossing in a little bit of this ...

Avo

About 75% of the equity portion of the portfolio will be in ELUSX, no clue if this is passive or active, but the expense ratio is .45. Appears to be another Stone Ridge fund (though no mention of it on the Stone Ridge web site!). I'd be pretty leery of going so all-in on Stone Ridge. They're new, t...

Avo

Go with a local shop, call them to order at least a week in advance (more if you want something exotic or not in season), and call them again the day before to confirm, and again on the morning of the delivery. Get the name of the person you speak to each time. Make sure they understand that these a...

Avo

Vanguard Total Bond Market holds good quality bonds in many sectors. What am I missing? In addition to the domestic high-quality bonds held by "total market" bond funds, so-called "multi-sector" bond funds usually also hold a lot of junk bonds and foreign bonds (especially emerg...

Avo

I agree with nedsaid. It would be interesting to know the rest of the portfolio to see if it has more BAM fingerprints on it ... but this is not the usual actively-managed high-fee crap one gets from a run-of-the-mill firm.

Avo

Daniel Ivascyn has managed this fund, PIMCO Income, along with Alfred Murata since its inception and were managers of the year in 2013 I used to have some money in Fairholme Fund, whose manager Bruce Berkowitz was M*'s manager of the decade in 2010! How could anything go wrong?? :shock: Ok, I think...

Avo

Unless somebody tells me it's a bad idea, I would just use Pimco Total Return (PONDX). PONDX is Class D of Pimco Income, not Pimco Total Return; Class D of Pimco Total Return is PTTDX. These are vey different funds. Look at some charts on M*. To my eye, PONDX has a hefty dose of equity-correlated r...

Avo

I guess the question is (at least for me), is it better to invest in a Large Cap Value fund or a Large Cap "High Profitability/Low Investment" Fund (assuming you could find one). I don't know the answer to this but I suspect that the latter might better avoid value traps. Would be interes...

Avo

Still not working for me, I get the same message as TdF fan; Grt2bOutdoors, are you able to login to your account?

Avo

I have tried three browsers on my macbook running Yosemite 10.10.5, and get an error as soon as I click on "letter" (answering "does your account begin with a letter".

Anyone else having problems?

Avo

2) Fama and French don't believe in the value premium any more either. This is not at all what they say. The paper (linked from your Forbes link) was first published in 2013 (final revision in 2014), so it's not exactly new: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2287202 The last sente...

Avo

Of course automating anything is a time saver. The question is whether it is worth what you pay for it. TLH is really not that hard. Most online brokers now offer specific-share identification. Just check the boxes of the shares that have lost the most, and exchange them according to the pairings on...

Avo

The fewer funds you have, the easier it is to do tax loss harvesting.

https://www.bogleheads.org/wiki/Tax_loss_harvesting

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