Search found 520 matches

by David Scubadiver
Wed Oct 11, 2017 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: Invest $200K cash to stock funds
Replies: 8
Views: 777

Re: Invest $200K cash to stock funds

I never heard of a fund requiring a $100,000 minimum investment. They must have a class of shares that has lower minimums, no? Anyway, sector investing may not be market timing but it is equally suspect given that you have no special knowledge that one sector will outperform another on a risk-adjust...
by David Scubadiver
Wed Oct 11, 2017 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge - alternative
Replies: 18
Views: 2044

Re: Merrill Edge - alternative

Which is to say, their promotion terms are confusing. You don't need any cash at all to be a preferred rewards member. If you don't have 50,000 in securities and/or cash, you won't qualify anymore. But if you have the $50,000 you qualify. Consider moving your IRA over to them if it is not already th...
by David Scubadiver
Wed Oct 11, 2017 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: Protecting against the possibility of a correction?
Replies: 45
Views: 4604

Re: Protecting against the possibility of a correction?

There is nothing inherently wrong with positioning yourself against a possible decline. However, because there is a 100% certainty that there will be a decline and a fairly good chance you will not accurately predict when it will come, the best way to protect yourself is to have an asset allocation ...
by David Scubadiver
Wed Oct 11, 2017 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios vs. WiseBanyan v. M1 Finance
Replies: 50
Views: 4884

Re: Schwab Intelligent Portfolios vs. WiseBanyan

I decided to make the Wisebanyan account 90/10 which is the most aggressive it permits. The reason being that I don't need to own bonds in a taxable account and have plenty of space in my tax deferred accounts to keep may allocation where I wish it to be. I'll probably do the same thing over at Schw...
by David Scubadiver
Wed Oct 11, 2017 11:04 am
Forum: Investing - Help with Personal Investments
Topic: Personal Capital advisor service
Replies: 4
Views: 534

Re: Personal Capital advisor service

Personal Capital's fee is rather high and it will eat into your performance. It is a slick interface. You can check out Wisebanyan (they charge nothing to rebalance your portfolio automatically and a small fee if you want them to engage in tax loss harvesting in your taxable account). However, I bel...
by David Scubadiver
Wed Oct 11, 2017 10:51 am
Forum: Investing - Help with Personal Investments
Topic: Advice on Canceling Fidelity Portfolio Advisory Service
Replies: 27
Views: 3304

Re: Advice on Canceling Fidelity Portfolio Advisory Service

What you can expect is that they will try to have you use a less expensive portfolio management tool, such as their robadvisor. If you don't wish to do that they will just give you the paperwork needed to open an brokerage account. Some of your funds may have back end loads/fees for selling. You sho...
by David Scubadiver
Tue Oct 10, 2017 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios vs. WiseBanyan v. M1 Finance
Replies: 50
Views: 4884

Re: Schwab Intelligent Portfolios vs. WiseBanyan

My second "wealthfront" account with a risk level of 7.0 looks like this: VTI: 35%(US) VEA: 20% (Foreign) VWO: 15% (Emerging Market) VIG: 7% (Dividend US) XLE: 5% (Natural Resources - Energy Select Sector) VTEB: 18% (Municipal bonds). I have to say that I actually like this allocation and I like how...
by David Scubadiver
Tue Oct 10, 2017 10:33 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios vs. WiseBanyan v. M1 Finance
Replies: 50
Views: 4884

Re: Schwab Intelligent Portfolios vs. WiseBanyan

Just a side note -- Wisebanyan batches its trading so that "withdrawal" requests made before 1:30 are funded by a trade made at 2pm same day. Requests made after 1:30 are funded by trading done at 2pm the following day. That is a drawback that likely exists at Schwab as well (having less control ove...
by David Scubadiver
Tue Oct 10, 2017 9:40 am
Forum: Investing - Help with Personal Investments
Topic: Bonds in taxable accounts?
Replies: 8
Views: 993

Re: Bonds in taxable accounts?

Why must the windfall be investedin a taxable account only? You could open up an IRA and invest some of it there; you can roll your 401(k) over into an IRA and jigger the investments there to better match your bond allocation.
by David Scubadiver
Tue Oct 10, 2017 9:03 am
Forum: Investing - Help with Personal Investments
Topic: Wisebanyan vs Vanguard Brokerage for ETF's?
Replies: 16
Views: 2071

Re: Wisebanyan vs Vanguard Brokerage for ETF's?

Let me ask this about Wisebanyan: Can one submit limit orders for individual ETFs? Can one buy/sell at any time they want to? Or are orders not in your control such as they are aggregated and transacted once a day at prices of Wisebanyan's choosing? A cursory look at the wisebanyan web site only sh...
by David Scubadiver
Tue Oct 10, 2017 8:49 am
Forum: Investing - Theory, News & General
Topic: Has your "risk tolerance" been tested?
Replies: 105
Views: 7524

Re: Has your "risk tolerance" been tested?

I just looked back at the 2015/2016 mini-crash and see that true to form, on August 24, 2017 when the market dropped 1,000 points, I purchased 50 SPY. I continued to buy throughout September. In January, I exchange my SPY for VTI and harvested a big tax loss and have been holding my VTI ever since (...
by David Scubadiver
Tue Oct 10, 2017 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Personal advice
Replies: 13
Views: 2015

Re: Personal advice

Yes, I will be consulting a CPA. Any advice on how to choose an appropriate/reputable CPA? I am a medical resident physician who will be graduating residency and taking over a single person practice that is contracted with a hospital system for the professional component (thus it is technically con...
by David Scubadiver
Tue Oct 10, 2017 12:50 am
Forum: Personal Finance (Not Investing)
Topic: Personal advice
Replies: 13
Views: 2015

Re: Personal advice

Generally, I would not suggest referring to salary by using quotes like that. Second, are you sure you want such a high salary versus distributions given the plan to tax pass through entities more lightly? Your Tax Loss harverst statement confused me. Why would you not benefit from deducting $3,000 ...
by David Scubadiver
Mon Oct 09, 2017 9:21 am
Forum: Investing - Help with Personal Investments
Topic: Betterment, $500k in cash, no taxable events to transfer?
Replies: 44
Views: 5003

Re: Betterment, $500k in cash, no taxable events to transfer?

With brokerages allowing you to import 1099 data into Schedule D, I find that the amount of trading doesn't really have a lot if impact on filing my taxes. Though, certainly the more entries there are, the more room for error that exists. My experiment this year is to try Wisebanyan, Schwab and Weal...
by David Scubadiver
Mon Oct 09, 2017 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Betterment, $500k in cash, no taxable events to transfer?
Replies: 44
Views: 5003

Re: Betterment, $500k in cash, no taxable events to transfer?

What firm charges a flat annual fee of less than .25% that rebalances your portfolio and tax loss harvests for you? Only one I know of is Wisebanyan (flat fee up to 96,000 then free) and Schwab Intelligent Portfolio (0%). Automated Tax Loss harvesting is incredibly overrated. If you have a large po...
by David Scubadiver
Mon Oct 09, 2017 8:35 am
Forum: Investing - Help with Personal Investments
Topic: Third time in my 32 year career I have been laid off
Replies: 87
Views: 11021

Re: Third time in my 32 year career I have been laid off

I tried that wealthometer calculator and guessed that I was in the 97th percentile. Turns out, I am in the 95th. I wonder how that would play out if they factored in age? In any event, as far as how we relate to one another, I think that most folks who are wealthier than ourselves have expenses whic...
by David Scubadiver
Mon Oct 09, 2017 6:12 am
Forum: Investing - Help with Personal Investments
Topic: Third time in my 32 year career I have been laid off
Replies: 87
Views: 11021

Re: Third time in my 32 year career I have been laid off

200k each? I’ve got 200k for the two of them, with 186k in 529 plans and 50k in I-bonds. I can drop my term life about now, have nearly 300,000 mortgage to pay off and would have to pick up medical for a family of 4. It all seems so daunting. Fortunately, I love my work. I can be lid off at any time...
by David Scubadiver
Mon Oct 09, 2017 1:30 am
Forum: Investing - Help with Personal Investments
Topic: Betterment, $500k in cash, no taxable events to transfer?
Replies: 44
Views: 5003

Re: Betterment, $500k in cash, no taxable events to transfer?

randomizer wrote:
Mon Oct 09, 2017 1:02 am
Three fund portfolio it.
My simplest 3 fund portfolio is:
50% VTI
25% vxus
25% BND

It is easy to rebalance in my head.
Divide total in half, buy VTI with that.
Split remaining half between VXUS and BND.
by David Scubadiver
Mon Oct 09, 2017 1:26 am
Forum: Investing - Help with Personal Investments
Topic: Betterment, $500k in cash, no taxable events to transfer?
Replies: 44
Views: 5003

Re: Betterment, $500k in cash, no taxable events to transfer?

What firm charges a flat annual fee of less than .25% that rebalances your portfolio and tax loss harvests for you? Only one I know of is Wisebanyan (flat fee up to 96,000 then free) and Schwab Intelligent Portfolio (0%). Automated Tax Loss harvesting is incredibly overrated. If you have a large po...
by David Scubadiver
Sun Oct 08, 2017 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: Betterment, $500k in cash, no taxable events to transfer?
Replies: 44
Views: 5003

Re: Betterment, $500k in cash, no taxable events to transfer?

What firm charges a flat annual fee of less than .25% that rebalances your portfolio and tax loss harvests for you?
Only one I know of is Wisebanyan (flat fee up to 96,000 then free) and Schwab Intelligent Portfolio (0%).
by David Scubadiver
Sun Oct 08, 2017 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: Third time in my 32 year career I have been laid off
Replies: 87
Views: 11021

Re: Third time in my 32 year career I have been laid off

I see that as one bear market away from losing $500,000. But, I am trapped by two young ones to raise, so 2.6 million doesn’t give me the comfort I need to retire.
by David Scubadiver
Sun Oct 08, 2017 6:49 pm
Forum: Investing - Help with Personal Investments
Topic: Third time in my 32 year career I have been laid off
Replies: 87
Views: 11021

Re: Third time in my 32 year career I have been laid off

OP, You are in great shape financially. You do not need to work. So, stop settling for less. Somebody will have to pay you a lot more than 120K for you to work full-time. If your current employer offers you a part-time, do not settle for less than what you get for a full-time position. In fact, you...
by David Scubadiver
Sun Oct 08, 2017 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: Betterment, $500k in cash, no taxable events to transfer?
Replies: 44
Views: 5003

Re: Betterment, $500k in cash, no taxable events to transfer?

Of course you can do it yourself for less. That is pretty much the case with everything in life. Some people pay a fee for convenience. In this case, it is to have your assets allocated regularly and to engage in tax loss harvesting on a regular basis to help minimize capital gains. Interestingly en...
by David Scubadiver
Sun Oct 08, 2017 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: Betterment, $500k in cash, no taxable events to transfer?
Replies: 44
Views: 5003

Re: Betterment, $500k in cash, no taxable events to transfer?

Betterment is a slick interface. Wisebanyan will charge you $240 a year to tax loss harvest your account of $500,000 or $5,000,000. It may not offer all of the bells and whistles, but it'll set you up with a nice set of vanguard ETFs, rebalance them for you and let you set up multiple goals with dif...
by David Scubadiver
Sun Oct 08, 2017 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: How big a portfolio should I have before retiring?
Replies: 52
Views: 7515

Re: How big a portfolio should I have before retiring?

I wish I knew the answer to that question for myself, much less do I feel comfortable telling you how big a portfolio you should have before retiring. Though my colleagues enjoy their work enough that they continue to work with a $6 million portfolio AND a pension of over $200,000 a year. So, I thin...
by David Scubadiver
Sun Oct 08, 2017 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios vs. WiseBanyan v. M1 Finance
Replies: 50
Views: 4884

Re: Schwab Intelligent Portfolios vs. WiseBanyan

And for kicks and giggles, Wealthfront came in at 0.08%. My risk profile there was at 9.5: VTI 35% (US Stocks) VEA 26% (Foreign Stocks) VWO 22% (Emerging Markets) VIG 7% (Dividend Growth) VTEB 5% (Municipal Bonds) XLE 5% (Natural Resources) I like this portfolio for its simplicity, though one has to...
by David Scubadiver
Sun Oct 08, 2017 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios vs. WiseBanyan v. M1 Finance
Replies: 50
Views: 4884

Re: Schwab Intelligent Portfolios vs. WiseBanyan

The WiseBanyan portfolio (68/32 stocks/bonds) came in at an expense ratio of 0.09 according to Morningstar. That is a lot more like it. The portfolio looks like this:

VTI 40.5%
VEA 21.9%
VWO 5.1%

LQD 8.5%
VCSH 3.2%
SJNK 3.1%
VGIT 7.6%
TIP 6.1%
VNQ 3%
by David Scubadiver
Sun Oct 08, 2017 10:51 am
Forum: Investing - Help with Personal Investments
Topic: 529 help
Replies: 22
Views: 1357

Re: 529 help

You'll probably overfund at that rate. How much do they currently have in their 529s? You may want to pop your numbers into a college calculator to see how they play out. Personal Capital has a nice one. Identifying a target for college funding 15 years from now is difficult. However, I think the O...
by David Scubadiver
Sun Oct 08, 2017 9:17 am
Forum: Investing - Help with Personal Investments
Topic: [Three-fund portfolio: Robo-adviser or 3 funds?]
Replies: 13
Views: 2105

Re: [Three-fund portfolio: Robo-adviser or 3 funds?]

.25% fee on your assets for life is quite a drag. Less so than using a financial advisor and probably better result than using an advisor. So not a terrible outcome overall.

I see the appeal having opened a trip account with Wealthfront (same fee) and Wisebanyan (free)
by David Scubadiver
Sun Oct 08, 2017 7:59 am
Forum: Investing - Help with Personal Investments
Topic: Should I keep my Stocks?
Replies: 42
Views: 4249

Re: Should I keep my Stocks?

I buy and I sell, all without following how a company is doing. Sometimes I rely on the advice of the Fool Advisor. Sometimes I buy for no reason other than because a stock is going down down down while the market is going up and there is no obvious reason for the decline. Remember, if you believe i...
by David Scubadiver
Sun Oct 08, 2017 7:38 am
Forum: Investing - Theory, News & General
Topic: Has your "risk tolerance" been tested?
Replies: 105
Views: 7524

Re: Has your "risk tolerance" been tested?

100% equities between 1994 and 2016. My risk tolerance was tested by the markets several times and by the potential loss of my job once. My investment allocation changed as a result of the latter. Now I have some fixed income as part of my portfolio. Also, my need to take risk has changed as I have ...
by David Scubadiver
Fri Oct 06, 2017 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: personal capital
Replies: 40
Views: 5207

Re: personal capital

Has anyone had experience with personal capital ? I recently started using their dashboard which is great. I got a call from one of their advisors. their main sales pitch was aggressive TLH and that they would create your own index of stocks instead of total stock market which is heavily weighted b...
by David Scubadiver
Fri Oct 06, 2017 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to convince my sister not to use a financial advisor
Replies: 59
Views: 4895

Re: Trying to convince my sister not to use a financial advisor

Wisebanyan would be perfect. Nice balance of vanguard funds. Rebalancing and no fees.
by David Scubadiver
Fri Oct 06, 2017 11:18 am
Forum: Investing - Help with Personal Investments
Topic: Sell individual stocks now after transfer to Vanguard?
Replies: 14
Views: 1196

Re: Sell individual stocks now after transfer to Vanguard?

Writing covered calls expiring in January is what I would do to lock in the gains this year. That is what I did with Apple. But, then I closed out the position at a profit and am now long and uncovered again. Eta: Options didn’t lock in the gain. Just protected some against a downward slide. If opti...
by David Scubadiver
Fri Oct 06, 2017 10:03 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios vs. WiseBanyan v. M1 Finance
Replies: 50
Views: 4884

Re: Schwab Intelligent Portfolios vs. WiseBanyan

My portfolio is kind of complicated already with huge gains in Apple, and various Low cost ETFs. I am hoping Schwab or Wisebanyan will generate losses that will help unwind some of these positions with lower tax consequences.
by David Scubadiver
Fri Oct 06, 2017 9:22 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios vs. WiseBanyan v. M1 Finance
Replies: 50
Views: 4884

Re: Schwab Intelligent Portfolios vs. WiseBanyan

Soon the Wisebanyan portfolio will fund. They use mostly vanguard funds so the ER will be low.
by David Scubadiver
Thu Oct 05, 2017 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: Personal Capital Service
Replies: 8
Views: 1337

Re: Personal Capital Service

Their fee is too high, for my tastes. I know someone that uses them and they are happy. But that doesn’t make it a cost-effective solution. I believe you will do better with a Schwab intelligent portfolio. You can link it to the Personal capital dashboard.
by David Scubadiver
Thu Oct 05, 2017 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios vs. WiseBanyan v. M1 Finance
Replies: 50
Views: 4884

Re: Schwab Intelligent Portfolios vs. WiseBanyan

So, Morningstar shows the Expense ratio of my Intelligent Portfolio shown above, to be 0.21 overall. That is about 3x what a 3 fund portfolio charges. On $800,000 that would cost me $1,120 a year. Not saying the two portfolios would be comparable, but I can't say that the more expensive one would ou...
by David Scubadiver
Thu Oct 05, 2017 1:12 pm
Forum: Investing - Theory, News & General
Topic: Wealthfront: Factor based "Advanced Indexing"
Replies: 3
Views: 1146

Re: Wealthfront: Factor based "Advanced Indexing"

The difference is that when you own a mutual fund they are not tax loss harvesting with respect to every one of its investments. There opportunity to harvest 500 or 1000 stocks for losses on a regular basis generates a lot of losses.
by David Scubadiver
Thu Oct 05, 2017 8:07 am
Forum: Personal Finance (Not Investing)
Topic: That blank stare... ?
Replies: 49
Views: 3422

Re: That blank stare... ?

NotWhoYouThink wrote:
Thu Oct 05, 2017 7:53 am
You don't have to understand it, you just have to accept it and plan accordingly.
Exactly why I am looking at the robos!
by David Scubadiver
Wed Oct 04, 2017 8:22 pm
Forum: Investing - Theory, News & General
Topic: Peter L. Bernstein: Cash BETTER than Bonds
Replies: 64
Views: 8149

Re: Peter L. Bernstein: Cash BETTER than Bonds

Don’t get me wrong—I have ALWAYS invested all of my money, never having cash out of the market for more than a few months tops. But my need for gains has lessened somewhat and I am still not comfortable with fixed income. It smacks like equities to me because it trades on an exchange and the prices ...
by David Scubadiver
Wed Oct 04, 2017 8:04 pm
Forum: Investing - Theory, News & General
Topic: Peter L. Bernstein: Cash BETTER than Bonds
Replies: 64
Views: 8149

Re: Peter L. Bernstein: Cash BETTER than Bonds

I guess the way I see it is, if I have 70,000 in cash that won’t beat inflation, it doesn’t really matter to me. It gives me options that bonds do not. Options have value and whether they exeeed the cost or not, only time will tell.
by David Scubadiver
Wed Oct 04, 2017 5:42 pm
Forum: Investing - Theory, News & General
Topic: Peter L. Bernstein: Cash BETTER than Bonds
Replies: 64
Views: 8149

Re: Peter L. Bernstein: Cash BETTER than Bonds

Wasn’t the sale of 1930 a good time to buy equities? I know I was thrilled to be buying stock in 2008 when the markets were falling off the cliff. I have no idea how bonds were performing since I didn’t own any. But I can say with certainty that my position in Apple grew exponentially and recovered ...
by David Scubadiver
Wed Oct 04, 2017 5:37 pm
Forum: Investing - Theory, News & General
Topic: Backtesting some robo-advisers asset allocations
Replies: 107
Views: 9558

Re: Backtesting some robo-advisers asset allocations

The only reason i am contemplating moving to robo is for my wife. I am sure it will have other benefits given my haphazard approach to wealth building. But I really want something she doesn’t have to think about or involve anybody else in.
by David Scubadiver
Wed Oct 04, 2017 5:34 pm
Forum: Investing - Theory, News & General
Topic: Peter L. Bernstein: Cash BETTER than Bonds
Replies: 64
Views: 8149

Re: Peter L. Bernstein: Cash BETTER than Bonds

Usually doesn’t do you any good when everything is melting and you want something to buy things on sale.
by David Scubadiver
Wed Oct 04, 2017 5:33 pm
Forum: Investing - Theory, News & General
Topic: Does anyone hold cash?
Replies: 58
Views: 6599

Re: Does anyone hold cash?

This thread makes me feel better about Schwab intelligent portfolio’s cash feature. Truth is I never owned bonds from 1993 to 2015 and then I only added a couple munies. I prefer cash to bonds. It never loses nominal value. Always there to buy stocks when they go on sale. And in a pinch I can roll a...
by David Scubadiver
Wed Oct 04, 2017 5:21 pm
Forum: Investing - Theory, News & General
Topic: Peter L. Bernstein: Cash BETTER than Bonds
Replies: 64
Views: 8149

Re: Peter L. Bernstein: Cash BETTER than Bonds

Cash is the only thing that is stable when a financial crisis hits. Whether it is worrh having versus investing in bonds is open to debate. Certainly there is a place for cash in a diversified portfolio.
by David Scubadiver
Wed Oct 04, 2017 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios vs. WiseBanyan v. M1 Finance
Replies: 50
Views: 4884

Re: Schwab Intelligent Portfolios vs. WiseBanyan

I don't recall if this was linked for you in this thread or another but here is the wiki on robo advisors: https://www.bogleheads.org/wiki/Robo-adviser Here is the other thread that was going on at the time of the wiki writing about robo advisors. In particular there was excellent info about Schwab...
by David Scubadiver
Wed Oct 04, 2017 3:59 pm
Forum: Investing - Theory, News & General
Topic: Backtesting some robo-advisers asset allocations
Replies: 107
Views: 9558

Re: Backtesting some robo-advisers asset allocations

This thread is amazing. I was curious whether Wisebanyan which charges no fees has been compared to Schwab. (WB does charge a maximum of $20 a month for Tax loss harvesting, but that pretty much washes out with a large portfolio). My concerns, expressed elsewhere, is that they lack the bank security...
by David Scubadiver
Wed Oct 04, 2017 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios vs. WiseBanyan v. M1 Finance
Replies: 50
Views: 4884

Re: Schwab Intelligent Portfolios vs. WiseBanyan

I read the robo advisor report you linked to and found it instructive. Although the results are confusing because some accounts have fees that taper off or taper on and therefore the results would differ if the amounts invested were larger, that isn't the case for Schwab and Wisebanyan (although the...