Search found 520 matches

by David Scubadiver
Wed Oct 04, 2017 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios vs. WiseBanyan v. M1 Finance
Replies: 50
Views: 5584

Re: Schwab Intelligent Portfolios vs. WiseBanyan

For kicks and giggles... here is the portfolio they invested my portfolio: Stocks (77.41%) Stocks (77.42%) US Large Company Stocks - Fundamental 15.02% US Large Company Stocks 11.33% International Developed Large Company Stocks - Fundamental 10.05% US Small Company Stocks - Fundamental 7.76% Interna...
by David Scubadiver
Wed Oct 04, 2017 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios vs. WiseBanyan v. M1 Finance
Replies: 50
Views: 5584

Re: Schwab Intelligent Portfolios vs. WiseBanyan

Whether they make money off of the cash or whether they make it off of the higher cost fundamental ETFs seems to be irrelevant. The question (for me) is what is the cost of the service to manage a portfolio of a particular size and how does that portfolio perform. The performance is tricky to measu...
by David Scubadiver
Wed Oct 04, 2017 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios vs. WiseBanyan v. M1 Finance
Replies: 50
Views: 5584

Re: Schwab Intelligent Portfolios vs. WiseBanyan

Whether they make money off of the cash or whether they make it off of the higher cost fundamental ETFs seems to be irrelevant. The question (for me) is what is the cost of the service to manage a portfolio of a particular size and how does that portfolio perform. The performance is tricky to measur...
by David Scubadiver
Wed Oct 04, 2017 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios vs. WiseBanyan v. M1 Finance
Replies: 50
Views: 5584

Re: Schwab Intelligent Portfolios vs. WiseBanyan

"your cash earns interest that is pegged to an index. This is based on a national average of money market deposit account rates at the $100,000 level. This average is calculated by the third party RateWatch. The rate of interest will fluctuate over time as the national average fluctuate" RateWatch s...
by David Scubadiver
Wed Oct 04, 2017 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios vs. WiseBanyan v. M1 Finance
Replies: 50
Views: 5584

Re: Schwab Intelligent Portfolios vs. WiseBanyan

It appears that Schwab will sell your other assets to replenish the cash position if you withdrew cash for an emergency. This makes the cash position in SIP a "poor" emergency fund. How much is Schwab's cash position yielding in SIP? Just today, Schwab sent me an email informing me that they have m...
by David Scubadiver
Wed Oct 04, 2017 11:09 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios vs. WiseBanyan v. M1 Finance
Replies: 50
Views: 5584

Re: Schwab Intelligent Portfolios vs. WiseBanyan

Thanks David, You've done your homework and have provided a very good summary. I have one question-- First, I didn't realize you could remove the cash from Schwab's portfolio, but if you do, Schwab will "rebalance" your portfolio. I suppose that means Schwab will sell something and replenish the ca...
by David Scubadiver
Wed Oct 04, 2017 9:11 am
Forum: Investing - Help with Personal Investments
Topic: Pay off mortgage instead of bond investment
Replies: 28
Views: 2542

Re: Pay off mortgage instead of bond investment

Risk Tolerance is about the ability, need and willingness to take risk. You are clearly not willing to take more risk, and you clearly do not need to take more risk. You have the ability to do so. While important, it is not necessarily enough of a reason to do so. Your mortgage is the equivalent of ...
by David Scubadiver
Wed Oct 04, 2017 9:00 am
Forum: Investing - Help with Personal Investments
Topic: Help with private investment opportunity
Replies: 47
Views: 3207

Re: Help with private investment opportunity

People should not understimate the excitement of investing with friends and family. There is surely value in such camaraderie. I wish I had friends and family that were billionaires so I could ride their coattails to financial independence. Then again, billionaires can take substantially greater ris...
by David Scubadiver
Wed Oct 04, 2017 8:51 am
Forum: Investing - Help with Personal Investments
Topic: to good to be true? [Investing in Real Estate Company]
Replies: 27
Views: 2442

Re: to good to be true?

Because your closest friend invested in something is probably the worst reason for you doing the same. He can be as honorable as the sea is deep, but if he is a fool soon parted from his money, it does you little good to follow his lead.
by David Scubadiver
Wed Oct 04, 2017 8:42 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios vs. WiseBanyan v. M1 Finance
Replies: 50
Views: 5584

Re: Schwab Intelligent Portfolios vs. WiseBanyan

What are people's thoughts on treating the "cash feature" of Schwab as an emergency fund? I've never had one of those before, but this is kind of like being forced to have an emergency fund of sorts. If I have $60,000 allocated to cash on an $870,000 portfolio, I can get at that cash immediately and...
by David Scubadiver
Tue Oct 03, 2017 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: Chickened out... Now unsure where to start.
Replies: 33
Views: 4204

Re: Chickened out... Now unsure where to start.

Selling at a perceived top is much less troubling than selling at the actual bottom. So no worries. Nobody ever was made poor by taking a gain. That said, you fell victim to the very common disease of market timing, thinking you can do better than the market by deciding when you should be in and whe...
by David Scubadiver
Tue Oct 03, 2017 5:46 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting from Betterment or others
Replies: 9
Views: 1172

Re: Tax loss harvesting from Betterment or others

Deferring Tax is usually better than paying it. And no matter how long you are investing as long as you are adding to those investments via dividends or otherwise there will be opportunifies to benefit from it.
by David Scubadiver
Tue Oct 03, 2017 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: Are credit cards rewards worth it?
Replies: 103
Views: 8573

Re: Are credit cards rewards worth it?

Although the tread is a repeat of many others, I do like to review now and again, what it is I do with my cards. My Amex Blue Preferred costs me $95. I use it until I have charged $6,000 in groceries to earn the $360. However, sometimes the card gets used for other purchases -- this year I have $2,...
by David Scubadiver
Tue Oct 03, 2017 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting from Betterment or others
Replies: 9
Views: 1172

Re: Tax loss harvesting from Betterment or others

There are not that many ETF's with alternates, so you can certainly view them https://www.betterment.com/resources/research/tax-loss-harvesting-white-paper/?_ga=2.103240384.1572927840.1507057579-486329925.1506624161#etftable and turn off dividend reinvestment for those securities only in your extern...
by David Scubadiver
Tue Oct 03, 2017 11:03 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios vs. WiseBanyan v. M1 Finance
Replies: 50
Views: 5584

Re: Schwab Intelligent Portfolios vs. WiseBanyan

I will add that my robo adventure led me to also invest with Wealthfront. I initially thought it was the best deal because I did not realize Schwab did this sort of thing and had not heard of WiseBanyan. I have two accounts with them, one for me and one for my spouse (referred one to the other to ge...
by David Scubadiver
Tue Oct 03, 2017 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios vs. WiseBanyan v. M1 Finance
Replies: 50
Views: 5584

Schwab Intelligent Portfolios vs. WiseBanyan v. M1 Finance

For those who have researched the issue and made a decision between the two (or decided against using either), I am curious to know what your thoughts are about the pros and cons of these services are. The reason I am particularly interested in these (versus Betterment or Wealthfront) has to do with...
by David Scubadiver
Tue Oct 03, 2017 6:48 am
Forum: Investing - Help with Personal Investments
Topic: when current 401K options suck
Replies: 17
Views: 1460

Re: when current 401K options suck

I have only American funds, all obfuscated and all with a 1.3% expense rate or so. Does anyone know if you always have the right to transfer from one 401(k) providor to another, like to Vanguard? Very unlikely if you are still employed. Talk to your company’s HR representative and express your conc...
by David Scubadiver
Mon Oct 02, 2017 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: How long to monitor old accounts?
Replies: 6
Views: 902

Re: How long to monitor old accounts?

Just make sure you download all of your statements from the old institution as they will eventually disappear when you close the account. Sometimes basis information doesn't transfer and it can be a pain to recreate anything if you lack your statements.
by David Scubadiver
Mon Oct 02, 2017 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Cash on hand for emergencies
Replies: 42
Views: 3751

Re: Cash on hand for emergencies

I echo the comment above. Puerto Rico is a special case because it is an Island. Surrounded by an ocean, and a very big ocean at that. Hard to imagine what sort of disaster we would have to see before the ATM on the mainland stopped spitting out cash. And it is difficult to fathom the Visa/MC networ...
by David Scubadiver
Mon Oct 02, 2017 10:13 am
Forum: Investing - Help with Personal Investments
Topic: Another Robo Advisor thread
Replies: 31
Views: 2549

Re: Another Robo Advisor thread

How will you know what the best option is and when will you know it? I shall try them and evaluate based on my experience. I expect it will not take long to see if I dislike an investment service such as this. The reason I ask is because you'll inevitably be comparing features, ease of use, etc. vs...
by David Scubadiver
Mon Oct 02, 2017 9:09 am
Forum: Investing - Help with Personal Investments
Topic: Are credit cards rewards worth it?
Replies: 103
Views: 8573

Re: Are credit cards rewards worth it?

The way I see it- credit card transaction fees add about 3% to every transaction. Since retailers generally do not (it used to be until very recently, they could not due to credit card processing agreements) add those fees on at the end, they end up getting built into the prices that everyone pays ...
by David Scubadiver
Mon Oct 02, 2017 8:54 am
Forum: Investing - Help with Personal Investments
Topic: Are credit cards rewards worth it?
Replies: 103
Views: 8573

Re: Are credit cards rewards worth it?

Although the tread is a repeat of many others, I do like to review now and again, what it is I do with my cards. My Amex Blue Preferred costs me $95. I use it until I have charged $6,000 in groceries to earn the $360. However, sometimes the card gets used for other purchases -- this year I have $2,0...
by David Scubadiver
Mon Oct 02, 2017 7:41 am
Forum: Investing - Help with Personal Investments
Topic: Newbie-Schwab Intelligent Portfolios vs Vanguard PAS
Replies: 32
Views: 3594

Re: Newbie-Schwab Intelligent Portfolios vs Vanguard PAS

I don't spend a lot of time benchmarking performance, and I expect my wife would spend even less time doing so. For nearly 25 years I have been managing my own money, first investing in mutual funds, then in stocks, then in ETFs. Manged to accumulate a sizable portfolio for sure, but the bigger it g...
by David Scubadiver
Mon Oct 02, 2017 6:35 am
Forum: Investing - Help with Personal Investments
Topic: Newbie-Schwab Intelligent Portfolios vs Vanguard PAS
Replies: 32
Views: 3594

Re: Newbie-Schwab Intelligent Portfolios vs Vanguard PAS

Do you think the higher cost fundamental portfolios lack a place in a well diversified portfolio? Or that they are unnecesssry in a well diversified one because market cap based broad indices perform berter with less risk? The high cash bothered me at first. But I see it’s allure. I sometimes (often...
by David Scubadiver
Sun Oct 01, 2017 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: Another Robo Advisor thread
Replies: 31
Views: 2549

Re: Another Robo Advisor thread

financeidiot wrote:
Sun Oct 01, 2017 10:41 am
How will you know what the best option is and when will you know it?
I shall try them and evaluate based on my experience. I expect it will not take long to see if I dislike an investment service such as this.
by David Scubadiver
Sun Oct 01, 2017 10:46 am
Forum: Investing - Help with Personal Investments
Topic: Newbie-Schwab Intelligent Portfolios vs Vanguard PAS
Replies: 32
Views: 3594

Re: Newbie-Schwab Intelligent Portfolios vs Vanguard PAS

They won’t help with a 3 fund portfolio in the intelligent portfolio. That is more like a 9 funder.

By the time you are ready to take over you can do that without an advisor. Or you may stick with the intelligent portfolio if it works for you.
by David Scubadiver
Sun Oct 01, 2017 9:40 am
Forum: Investing - Help with Personal Investments
Topic: Newbie-Schwab Intelligent Portfolios vs Vanguard PAS
Replies: 32
Views: 3594

Re: Newbie-Schwab Intelligent Portfolios vs Vanguard PAS

I will try both. I much prefer to be fully invested with any cash at my discretion to invest when markets go down. I mean what is the point of the question, what will you do if markets drop 40%, if your answer is to buy more but they are the ones holding your cash and won’t let you do exactly that?...
by David Scubadiver
Sun Oct 01, 2017 6:29 am
Forum: Investing - Help with Personal Investments
Topic: Newbie-Schwab Intelligent Portfolios vs Vanguard PAS
Replies: 32
Views: 3594

Re: Newbie-Schwab Intelligent Portfolios vs Vanguard PAS

I'm getting ready to close a Morgan Stanley account that has a rolled over 403B-$60,000, 2 custodial accounts, and index fund? I will definitely need some guidance... Who will be better?? Thank you I use Schwab Intelligent Portfolios and Betterment and have been very pleased with both. Do you have ...
by David Scubadiver
Sun Oct 01, 2017 6:27 am
Forum: Investing - Help with Personal Investments
Topic: Newbie-Schwab Intelligent Portfolios vs Vanguard PAS
Replies: 32
Views: 3594

Re: Newbie-Schwab Intelligent Portfolios vs Vanguard PAS

I will try both. I much prefer to be fully invested with any cash at my discretion to invest when markets go down. I mean what is the point of the question, what will you do if markets drop 40%, if your answer is to buy more but they are the ones holding your cash and won’t let you do exactly that? ...
by David Scubadiver
Sat Sep 30, 2017 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: Another Robo Advisor thread
Replies: 31
Views: 2549

Re: Another Robo Advisor thread

I opened up a schwab account as well.... that leaves me with WiseBanyan, WealthFront and Schwab. Schwab does the Tax Loss Harvesting at no cost and has the benefit of being an established company and also one my wife already has logged into. I will see how all three are once funded as I am particula...
by David Scubadiver
Sat Sep 30, 2017 7:52 pm
Forum: Investing - Help with Personal Investments
Topic: Another Robo Advisor thread
Replies: 31
Views: 2549

Re: Another Robo Advisor thread

Their white paper on the role of cash https://intelligent.schwab.com/public/intelligent/insights/whitepapers/role-of-cash-in-asset-allocation.html It makes a modicum is sense to me since I never liked buying bonds, preferring to have cash in hand to invest. On the other hand I STILL prefer to have t...
by David Scubadiver
Sat Sep 30, 2017 7:48 pm
Forum: Investing - Help with Personal Investments
Topic: Another Robo Advisor thread
Replies: 31
Views: 2549

Re: Another Robo Advisor thread

I think I am distracted by the tax loss harvesting. I really like the idea of increasing the likelihood of reducing taxes/taxable income.
by David Scubadiver
Sat Sep 30, 2017 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: Another Robo Advisor thread
Replies: 31
Views: 2549

Re: Another Robo Advisor thread

Doesn't Schwab have a free robo service? Wealthfront is intriguing, especially for very large accounts due to their TLH strategy. Schwab holds 15% back in cash so that is useless to me. You must have a pretty conservative portfolio for Schwab to recommend 15% for your particular situation. I don't ...
by David Scubadiver
Sat Sep 30, 2017 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: Another Robo Advisor thread
Replies: 31
Views: 2549

Re: Another Robo Advisor thread

If you really want to use Wealthfront, I would use them for your taxable account only and a target date fund across all tax advantages accounts. This combination will avoid wash sale issues. What you have described above sounds like a complete tax nightmare. Regards, John Well the intent is just to...
by David Scubadiver
Sat Sep 30, 2017 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: Another Robo Advisor thread
Replies: 31
Views: 2549

Re: Another Robo Advisor thread

They don’t HAVE to be dealt with. I expect people are washIng across accounts all the time and not reporting due to complexity or ignorance.
by David Scubadiver
Sat Sep 30, 2017 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: Another Robo Advisor thread
Replies: 31
Views: 2549

Re: Another Robo Advisor thread

I have the ability to prevent wealthfront from buying ETFs that WiseBanyan invests in. And I don’t reinvest dividends myself to avoid wash sales. BUT, I have no concern about one roboadvisor creating a wash in another. It isn’t like anybody is going to monitor the buy dates across advisors. Me or th...
by David Scubadiver
Sat Sep 30, 2017 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Another Robo Advisor thread
Replies: 31
Views: 2549

Re: Another Robo Advisor thread

Nate79 wrote:
Sat Sep 30, 2017 9:27 am
Doesn't Schwab have a free robo service? Wealthfront is intriguing, especially for very large accounts due to their TLH strategy.
Schwab holds 15% back in cash so that is useless to me.
by David Scubadiver
Sat Sep 30, 2017 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Another Robo Advisor thread
Replies: 31
Views: 2549

Re: Another Robo Advisor thread

If you really want to use Wealthfront, I would use them for your taxable account only and a target date fund across all tax advantages accounts. This combination will avoid wash sale issues. What you have described above sounds like a complete tax nightmare. Regards, John Well the intent is just to...
by David Scubadiver
Sat Sep 30, 2017 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Newbie-Schwab Intelligent Portfolios vs Vanguard PAS
Replies: 32
Views: 3594

Re: Newbie-Schwab Intelligent Portfolios vs Vanguard PAS

The Schwab service is free right? It would be my choice over Vanguard if you want a robo service at low cost. Free but they hold a minimum of 15% in cash. Which is to say, if you invest $100 you are only invested for $85 and giving them $15 to hold onto. $100,000 then 85k/15k WiseBanyan free and no...
by David Scubadiver
Sat Sep 30, 2017 8:00 am
Forum: Investing - Help with Personal Investments
Topic: Newbie-Schwab Intelligent Portfolios vs Vanguard PAS
Replies: 32
Views: 3594

Re: Newbie-Schwab Intelligent Portfolios vs Vanguard PAS

I decided on WiseBanyan as a better alternative since it is free. Haven’t yet seen it in operation as the account won’t be funded until Monday. Schwab portfolios hold entirely too much cash. I think it was 15%!
by David Scubadiver
Sat Sep 30, 2017 6:45 am
Forum: Investing - Help with Personal Investments
Topic: Another Robo Advisor thread
Replies: 31
Views: 2549

Re: Another Robo Advisor thread

Thanks. That makes sense. Maybe I will buy an equivalent amount of a target fund and see how it does in comparison.
by David Scubadiver
Fri Sep 29, 2017 6:58 pm
Forum: Investing - Help with Personal Investments
Topic: Another Robo Advisor thread
Replies: 31
Views: 2549

Re: Another Robo Advisor thread

There won’t be wash sales in the two Wealth Advisor finds because they are linked. I am not enabling the tax harvesting in the WiseBanan account so I avoid any fees while checking it out. I do not know how often they sell sell at Wiseabanyan but imagine it is rarely done when Tax harvesting is turne...
by David Scubadiver
Fri Sep 29, 2017 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: Another Robo Advisor thread
Replies: 31
Views: 2549

Another Robo Advisor thread

I wanted my wife to hop on the investment bandwagon so that she would be comfortable managing the money in the event she ever needed to do so. We did open up an account, she did place a handful of trades, but in the end she is not inclined to to do so, and quite frankly, I think she is intimidated e...
by David Scubadiver
Mon Sep 25, 2017 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: How Often Do you make a Back-Door Roth Conversion
Replies: 29
Views: 2888

Re: How Often Do you make a Back-Door Roth Conversion

Indeed, I will! It's the pesky theoretical retroactivity of the legislation that will make advance knowledge kind of useless.
by David Scubadiver
Mon Sep 25, 2017 8:35 am
Forum: Personal Finance (Not Investing)
Topic: How Often Do you make a Back-Door Roth Conversion
Replies: 29
Views: 2888

Re: How Often Do you make a Back-Door Roth Conversion

All kinds of legislation can be thought of, including the sort that says that conversions made within x days of contributions are subject to some penalty, or re-characterization. I am not saying that you should be guided by such concerns. Only saying that for me, delaying the conversion doesn't both...
by David Scubadiver
Sat Sep 23, 2017 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard college calculator and some questions
Replies: 16
Views: 1059

Re: Vanguard college calculator and some questions

My children are in Pre-K and 1st Grade. I have been contributing monthly to their 529 plans since each of them was born, figuring it would be less painful that way (and being uncertain of my long term employment prospects). I have $185,000 saved up in 529 plans and $50,000 in savings bonds. I feel l...
by David Scubadiver
Sat Sep 23, 2017 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: How Often Do you make a Back-Door Roth Conversion
Replies: 29
Views: 2888

Re: How Often Do you make a Back-Door Roth Conversion

$11,000 for my wife and I at the beginning of the year to the traditional IRA, converted sometime thereafter. There is no reason for me not to do it right away, but sometimes I wait to do so. Not because I like paying tax on any gains, but I can't help but think if the government ever cracks down on...
by David Scubadiver
Sun Sep 17, 2017 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Have X times your salary saved by age Y.
Replies: 60
Views: 7062

Re: Have X times your salary saved by age Y.

I'll stick with looking at my personal capital dashboard to see what I spend every year. It doesn't include payroll taxes because it tracks only what goes in or out of an account. I figure, I can take that number and add roughly 30% to it to know what my withdrawal rate needs to be, to account for t...
by David Scubadiver
Fri Sep 15, 2017 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Have X times your salary saved by age Y.
Replies: 60
Views: 7062

Re: Have X times your salary saved by age Y.

Perhaps income is used as a guide rather than expenses when estimating retirement savings goals because expense calculations can be elusive, even in the near future. Itster, I disagreed. It is very easy to calculate your current annual expense. Your current annual expense = gross income - tax (Fede...