Boglehead Newbie pulled the trigger....

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Topic Author
fmzip
Posts: 347
Joined: Wed May 14, 2014 9:01 am

Boglehead Newbie pulled the trigger....

Post by fmzip » Fri Jun 20, 2014 9:43 am

Last month I had 60 different mutual funds with my financial adviser.

Over the past few weeks, I transfer every penny to Vanguard thanks to the help of this forum.

Today, in the face of market highs (The Dow made it to 16,947.08 and the S&P 500 hit 1,962.87), I invested it all, just over $500K. I have to say, I was very anxious. I kept thinking to myself, wait a few more days to time the market. Then my mantra took over "it's time IN the market, it's time IN the market "

Looking for to managing my 6 funds AA from here on forward!

Total US Bond Market Index 22%
Hi Yield Corporate Fund 8%
Short Term Inflation Protected 8%
Total US Stock Market Index 37%
Total International Index 19%
REIT Index 6%

I appreciate everyone's help. I felt a major accomplishment today in buying at what one may consider to be the the top, that is something I would never have done in the past.
Last edited by fmzip on Mon Jan 13, 2020 2:16 pm, edited 2 times in total.

The Wizard
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Re: Boglehead Newbie pulled the trigger....

Post by The Wizard » Fri Jun 20, 2014 9:56 am

Good job.
Chances are you were close to the top in some of those other sixty funds as well.
This is called a Sideways Move, but one to simplicity and lower costs...
Attempted new signature...

steve_14
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Re: Boglehead Newbie pulled the trigger....

Post by steve_14 » Fri Jun 20, 2014 10:11 am

Congrats. Mind telling us which investment firm you were using, or rather, was using you?

Austintatious
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Re: Boglehead Newbie pulled the trigger....

Post by Austintatious » Fri Jun 20, 2014 10:22 am

Wow, fmzip! You've "downsized" your portfolio's complexity by a factor of 10. You should feel relieved. The portfolio looks good to me, and I happen to agree with your decision to invest it all at once, rather than stretching it out over time. Congrats and good luck!

pkcrafter
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Re: Boglehead Newbie pulled the trigger....

Post by pkcrafter » Fri Jun 20, 2014 11:13 am

Nice work, nice portfolio. You are today's Boglehead poster boy. 8-)

Paul
When times are good, investors tend to forget about risk and focus on opportunity. When times are bad, investors tend to forget about opportunity and focus on risk.

Topic Author
fmzip
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Re: Boglehead Newbie pulled the trigger....

Post by fmzip » Fri Jun 20, 2014 12:02 pm

pkcrafter wrote:Nice work, nice portfolio. You are today's Boglehead poster boy. 8-)

Paul
Thanks for the vote of support everyone!
steve_14 wrote:Congrats. Mind telling us which investment firm you were using, or rather, was using you?
Commonwealth Financial Network....

I think it's Common that they get Wealthy from all their customers

RunningRad
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Re: Boglehead Newbie pulled the trigger....

Post by RunningRad » Fri Jun 20, 2014 1:22 pm

steve_14 wrote:Congrats. Mind telling us which investment firm you were using, or rather, was using you?
Commonwealth Financial Network....

I think it's Common that they get Wealthy from all their customers[/quote]

Good one! :D

I like the new portfolio. :thumbsup
Few decisions in life motivated by greed ever have happy outcomes--Peter Bernstein, The 60/40 Solution

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InvestorNewb
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Re: Boglehead Newbie pulled the trigger....

Post by InvestorNewb » Fri Jun 20, 2014 1:26 pm

Congrats! You will now be saving a ton in management fees. :sharebeer
My Portfolio: VTI [US], VXUS [Int'l], VNQ [REIT], VCN [Canada] (largest to smallest)

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LadyGeek
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Re: Boglehead Newbie pulled the trigger....

Post by LadyGeek » Fri Jun 20, 2014 3:02 pm

This thread is now in the Investing - Help with Personal Investments forum (appreciation for help received).
Wiki To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.

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Re: Boglehead Newbie pulled the trigger....

Post by bloom2708 » Fri Jun 20, 2014 3:06 pm

Well done. You get a 2% raise.

I had about 25 mutual funds at Edward Jones about 3 months ago. Very happy with the switch to Vanguard.

One of my funds had a 5.75% sales load, 2.0% Expense ratio, .25% 12b-1 fee and a 1% back end load. Now that is a fist full of fancy fees. The "cheapest" was .65% Exp Ratio.

Now my ER is just under .10%
"People want confirmation, not advice" Unknown | "We are here to provoke thoughtfulness, not agree with you" Unknown | Four words: Whole food, plant based

Topic Author
fmzip
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Joined: Wed May 14, 2014 9:01 am

Re: Boglehead Newbie pulled the trigger....

Post by fmzip » Fri Jan 19, 2018 1:50 pm

fmzip wrote:
Fri Jun 20, 2014 9:43 am
Last month I had 60 different mutual funds with my financial adviser.

Over the past few weeks, I transfer every penny to Vanguard thanks to the help of this forum.

Today, in the face of market highs (The Dow made it to 16,947.08 and the S&P 500 hit 1,962.87), I invested it all, just over $500K. I have to say, I was very anxious. I kept thinking to myself, wait a few more days to time the market. Then my mantra took over "it's time IN the market, it's time IN the market "

Looking for to managing my 6 funds AA from here on forward!

Total US Bond Market Index 22%
Hi Yield Corporate Fund 8%
Short Term Inflation Protected 8%
Total US Stock Market Index 37%
Total International Index 19%
REIT Index 6%

I appreciate everyone's help. I felt a major accomplishment today in buying at what one may consider to be the top, that is something I would never have done in the past.
So happy to look back on my introduction to this forum in 2014 and buying at what appeared to be the top Thanks again to everyone for the guidance. I've stuck to my AA and although we bought a larger home last year and didn't save but $8K in total over the past 15 months, the above $500K portfolio is now $1M.

Back to saving and reaching the end goal.
Last edited by fmzip on Fri Jan 19, 2018 2:08 pm, edited 1 time in total.

minesweep
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Re: Boglehead Newbie pulled the trigger....

Post by minesweep » Fri Jan 19, 2018 2:01 pm

It's official. You are no longer a Boglehead newbie. Congratulations! :sharebeer

slimshady
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Re: Boglehead Newbie pulled the trigger....

Post by slimshady » Sat Jan 20, 2018 11:17 am

My cousin is in process of moving all his assets to VG.... similar balance as to yours. Looking forward to saving thousands of dollars on fees, commissions and sales charges.

RRAAYY3
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Re: Boglehead Newbie pulled the trigger....

Post by RRAAYY3 » Sat Jan 20, 2018 11:45 am

Welcome!

Don’t worry, I did something similar and bought on a day the market reached an all time high

- and I’m up 15% since then.

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ohboy!
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Re: Boglehead Newbie pulled the trigger....

Post by ohboy! » Sat Jan 20, 2018 1:08 pm

fmzip wrote:
Fri Jan 19, 2018 1:50 pm
fmzip wrote:
Fri Jun 20, 2014 9:43 am
Last month I had 60 different mutual funds with my financial adviser.

Over the past few weeks, I transfer every penny to Vanguard thanks to the help of this forum.

Today, in the face of market highs (The Dow made it to 16,947.08 and the S&P 500 hit 1,962.87), I invested it all, just over $500K. I have to say, I was very anxious. I kept thinking to myself, wait a few more days to time the market. Then my mantra took over "it's time IN the market, it's time IN the market "

Looking for to managing my 6 funds AA from here on forward!

Total US Bond Market Index 22%
Hi Yield Corporate Fund 8%
Short Term Inflation Protected 8%
Total US Stock Market Index 37%
Total International Index 19%
REIT Index 6%

I appreciate everyone's help. I felt a major accomplishment today in buying at what one may consider to be the top, that is something I would never have done in the past.
So happy to look back on my introduction to this forum in 2014 and buying at what appeared to be the top Thanks again to everyone for the guidance. I've stuck to my AA and although we bought a larger home last year and didn't save but $8K in total over the past 15 months, the above $500K portfolio is now $1M.

Back to saving and reaching the end goal.
Wow nice one. Inspirational.

Topic Author
fmzip
Posts: 347
Joined: Wed May 14, 2014 9:01 am

Re: Boglehead Newbie pulled the trigger....

Post by fmzip » Tue Jan 23, 2018 3:47 pm

Thanks all

kalrocmk
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Re: Boglehead Newbie pulled the trigger....

Post by kalrocmk » Tue Jan 23, 2018 4:00 pm

Thank you for posting your inspirational story! It's posts like these that help us all to keep the faith when we are tempted to stray. :sharebeer
Just trying to make a living

Topic Author
fmzip
Posts: 347
Joined: Wed May 14, 2014 9:01 am

Re: Boglehead Newbie pulled the trigger....

Post by fmzip » Tue Jan 23, 2018 4:06 pm

kalrocmk wrote:
Tue Jan 23, 2018 4:00 pm
Thank you for posting your inspirational story! It's posts like these that help us all to keep the faith when we are tempted to stray. :sharebeer
Buying at what appears to be the top is difficult. But if one is to to truly believe that the markets will be higher 15/20/30 years from now, then you are indeed buying low.

Pull the trigger people, pull the trigger! :)

Topic Author
fmzip
Posts: 347
Joined: Wed May 14, 2014 9:01 am

Re: Boglehead Newbie pulled the trigger....

Post by fmzip » Mon Jan 13, 2020 2:15 pm

Stumbled across my original post when I transitioned to being a Boglehead.

Hopefully for anyone considering buying at the "top" of the market, maybe my leap to putting it all in at once is helpful.

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Eagle33
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Re: Boglehead Newbie pulled the trigger....

Post by Eagle33 » Mon Jan 13, 2020 7:40 pm

fmzip wrote:
Mon Jan 13, 2020 2:15 pm
Stumbled across my original post when I transitioned to being a Boglehead.

Hopefully for anyone considering buying at the "top" of the market, maybe my leap to putting it all in at once is helpful.
You and fictional Bob the worst market timing investor.
Rocket science is not “rocket science” to a rocket scientist, just as personal finance is not “rocket science” to a Boglehead.

Razasharpz
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Re: Boglehead Newbie pulled the trigger....

Post by Razasharpz » Mon Jan 13, 2020 8:07 pm

60 mutual funds... where do people find these quacks? Even when I had one they only threw me in with 12 lol.
Age 31: | 70% VTSAX | 20% VTIAX | 10% VBTLX

Helmut Spargle
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Re: Boglehead Newbie pulled the trigger....

Post by Helmut Spargle » Mon Jan 13, 2020 8:27 pm

Razasharpz wrote:
Mon Jan 13, 2020 8:07 pm
60 mutual funds... where do people find these quacks? Even when I had one they only threw me in with 12 lol.
If they just picked a couple of funds, clients will call asking if they're doing enough/start thinking they can do this themselves. Dozens of funds makes clients think their advisors are sitting around all day thinking about where to invest. It's in their best interest to make their job look as complicated as possible.

Topic Author
fmzip
Posts: 347
Joined: Wed May 14, 2014 9:01 am

Re: Boglehead Newbie pulled the trigger....

Post by fmzip » Tue Jan 14, 2020 10:08 am

Helmut Spargle wrote:
Mon Jan 13, 2020 8:27 pm
Razasharpz wrote:
Mon Jan 13, 2020 8:07 pm
60 mutual funds... where do people find these quacks? Even when I had one they only threw me in with 12 lol.
If they just picked a couple of funds, clients will call asking if they're doing enough/start thinking they can do this themselves. Dozens of funds makes clients think their advisors are sitting around all day thinking about where to invest. It's in their best interest to make their job look as complicated as possible.

I think you are spot on.....

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