Nothing else to do investment wise!

Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
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Suman
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Nothing else to do investment wise!

Post by Suman » Wed May 17, 2017 9:03 pm

Now that we are finally invested in bogglehead style with a three fund portfolio and everything on auto investing, I feel like I need to do something about my portfolio. I understand that tinkering with a set allocation and IPS is dangerous so I always retreat. What else you do in a situation like this especially that I have many decades ahead before retiring?

MotoTrojan
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Re: Nothing else to do investment wise!

Post by MotoTrojan » Wed May 17, 2017 9:06 pm

Suman wrote:Now that we are finally invested in bogglehead style with a three fund portfolio and everything on auto investing, I feel like I need to do something about my portfolio. I understand that tinkering with a set allocation and IPS is dangerous so I always retreat. What else you do in a situation like this especially that I have many decades ahead before retiring?


Work on ways to save more or generate more income, and make the nest grow faster.

livesoft
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Re: Nothing else to do investment wise!

Post by livesoft » Wed May 17, 2017 9:18 pm

Start reading all the IRS publications so that one can learn how to avoid a high tax liability.
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StormShadow
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Re: Nothing else to do investment wise!

Post by StormShadow » Wed May 17, 2017 9:41 pm

Suman wrote:What else you do in a situation like this especially that I have many decades ahead before retiring?

Set it and forget it.

Plenty of hobbies you can pick up with your free time.

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celia
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Re: Nothing else to do investment wise!

Post by celia » Wed May 17, 2017 9:49 pm

Read more books on finances. Our wiki has a list for starters: https://www.bogleheads.org/RecommendedReading.php
and many can be found at your local library (thus saving you money).

livesoft wrote:Start reading all the IRS publications so that one can learn how to avoid a high tax liability.

This is probably livesoft's favorite activity beside posting in the forum! :oops:

gr7070
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Re: Nothing else to do investment wise!

Post by gr7070 » Wed May 17, 2017 11:56 pm

StormShadow wrote:Set it and forget it.

Plenty of hobbies you can pick up with your free time.

The above!

Learn guitar.

Read more, of every thing.

Start researching rental property. Get a realtor; go look.

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oldcomputerguy
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Re: Nothing else to do investment wise!

Post by oldcomputerguy » Thu May 18, 2017 2:14 am

Suman wrote:Now that we are finally invested in bogglehead style with a three fund portfolio and everything on auto investing, I feel like I need to do something about my portfolio. I understand that tinkering with a set allocation and IPS is dangerous so I always retreat. What else you do in a situation like this especially that I have many decades ahead before retiring?


Go fishing and forget about your investments. In one year, come back and rebalance.
Anybody know why there's a 20-pound frozen turkey up in the light grid?

Mike Scott
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Re: Nothing else to do investment wise!

Post by Mike Scott » Thu May 18, 2017 5:34 am

My investments are pretty boring and take about 5 minutes per month to check up on. Listen to livesoft... the irs gives you all the information you need to know about taxes... it is an active form of engagement that can pay back in $$$ and you should check your state and local tax codes as well.

Credit card bonuses etc can also be a limited active engagement with some $$$ reward.

At the same time, I have no interest whatsoever of getting into small business / real estate / rental properties.

Jack FFR1846
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Re: Nothing else to do investment wise!

Post by Jack FFR1846 » Thu May 18, 2017 6:23 am

iBonds: Have you maxed for every member of your family and set up your Federal return so you can capture another $5k come refund time?
Manufactured Spending: Those who think this is dead have no imagination. Plenty of money to make.
Credit card churning: These are at an all time high.
Bank account churning: Same as above.
Tradelines: The definition of passive income.
Living like a Mustachian: What you don't spend, you save. It takes time and effort to pack a lunch....to organize so that all the errands can be done in one trip.
Get a part time job: If you have this much extra time and no hobbies, get a job to kill the time.
Maintain your car. Have you replaced brake fluid in the last year? Coolant? Transmission fluid in the last 30k miles? Rotated your tires? Changed spark plugs? These are all DIY tasks that can help keep your car running well. Stay ahead of breakdowns.
Bogle: Smart Beta is stupid

mrsytf
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Re: Nothing else to do investment wise!

Post by mrsytf » Thu May 18, 2017 7:21 am

What I do:

Cook up ways to make additional income. Currently working on a study manual for an exam one has to take in my speciality.

This is a anti-boglehead thought but I have a small account where I purchase individual stock. I've always loved gambling but am way to sensible to participate in raffles, casinos, lottery, sweepstakes etc. My little account satisfies that inclination I have. I also do a little P2P lending on real estate. The portfolio only represents 2% of my overall portfolio so it's just play money.

goingup
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Re: Nothing else to do investment wise!

Post by goingup » Thu May 18, 2017 9:07 am

Suman wrote:Now that we are finally invested in bogglehead style with a three fund portfolio and everything on auto investing, I feel like I need to do something about my portfolio.

The saying goes, "Don't just do something, stand there." Once you have your AA set and auto-contributions set up there literally is nothing else to do. Don't be goaded into thinking you need to tinker or tweak. Much ado is made about rebalancing, but it's rarely needed unless you're blown 5-10% off course. :beer

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birdog
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Re: Nothing else to do investment wise!

Post by birdog » Thu May 18, 2017 12:51 pm

I hear ya', man! I'm in the same boat. Good topic. I enjoyed reading the responses. :happy
The height of cultivation always runs to simplicity -Bruce Lee

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dratkinson
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Re: Nothing else to do investment wise!

Post by dratkinson » Thu May 18, 2017 5:58 pm

Once the basics are covered, then you can start playing around the edges to tweak tax efficiency. I follow livesoft's Sch B advice:
--Minimize Sch B part I income (rate-chasing interest from: checking, savings, CDs,... and I also now avoid savings bonds)
--Have only Sch B part II income that is offset by QDI or FTC.


The last time I felt the need to reach for additional yield, I began researching single-state muni bond funds.


You can have a 5% play money account (stock speculating, gambling,...). If you make money, scrape the excess off into your safer investments. If you lose it, you're done.
d.r.a, not dr.a. | I'm a novice investor, you are forewarned.

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badbreath
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Re: Nothing else to do investment wise!

Post by badbreath » Thu May 18, 2017 6:32 pm

Start investing in a taxable account and adjust you balance between taxable and tax advantage to get to your asset allocation.
“While money can’t buy happiness, it certainly lets you choose your own form of misery.” Groucho Marx

radiowave
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Re: Nothing else to do investment wise!

Post by radiowave » Thu May 18, 2017 10:44 pm

With all my free time I get to read Bogleheads.org :)

I did a small experiment putting a small amount of % intermediate treasury funds in taxable. Worked like a charm yesterday. Yes, it's not very tax efficient but I'm using the treasuries essentially as a circuit breaker of sorts. If the market is down, treasuries will likely, but not certain of course, go up. So it gives me some piece of mind in taxable that I can sell the fund with a little LTCG but not sell at the bottom like the equity and international funds are likely to do. Like I said, it was my experiment for doing something else beyond a very traditional 3 fund portfolio.

Suman
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Re: Nothing else to do investment wise!

Post by Suman » Thu May 18, 2017 11:47 pm

Thanks everyone for their response. My job keeps me busy. Its just that I found personal finance and investment so exciting that now I feel bored. I guess have to stop thinking about portfolio and focus on day to day life.

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dratkinson
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Re: Nothing else to do investment wise!

Post by dratkinson » Fri May 19, 2017 5:02 pm

Perhaps boredom in investing means we are approaching enlightenment.



After nailing down most of the basics and creating simple action steps for myself, I backed up and began reading some of the books on the history of investing.

Don't generally like history books, but found the history of investing to be an interesting read. Sorry I don't remember most of them (the one describing the history of the CRSP was interesting), but do remember enjoying "Capital Ideas".

Also enjoyed reading "Flash Boys" and "Liars Poker", as told by insiders. To a lesser degree "The Predators Ball", as told by an outsider.
d.r.a, not dr.a. | I'm a novice investor, you are forewarned.

Kencufc
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Re: Nothing else to do investment wise!

Post by Kencufc » Sat May 20, 2017 10:46 am

Ha I love this thread!

Simplified life styles are hard for some people because we've been brain washed from early on to stress about everything and remain in a constant state of fear.

Not saying you live in fear, OP, I totally understand that after you have eliminated a major concern in your life it's like a void is there that needs attention.

Que1999
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Re: Nothing else to do investment wise!

Post by Que1999 » Sat May 20, 2017 12:10 pm

I'm a big proponent of minimizing your expenses and researching how to minimize your tax hit. I find that this lifestyle gives you more bang for your buck... I would even go this route before increasing your income. All the little things really do add up: investing in a fuel efficient vehicle, maximizing credit card reward bonuses, taking advantage of good sales(buying in bulk), if you haven't already make your home energy-efficient... LED lights all around, energy star appliances, etc. Doing this lowered my electric bill every month $40-$45 a month! Purge all unnecessary expenses from your life, lower that cable package if you don't watch all those channels... Or cut down the number of cable boxes you have in your home. Look into internet tv boxes like Roku and tv subscriptions like Netflix and Hulu... By adjusting your lifestyle this way you can live on less, thus earning less income, therefore staying in the lower end of the federal tax brackets, which allows you to keep more of the money you earn... it's like a domino effect... After you've minimized and purged the unnecessary from your life then you start working on increasing your income.

spammagnet
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Re: Nothing else to do investment wise!

Post by spammagnet » Sat May 20, 2017 2:20 pm

Jack FFR1846 wrote:Tradelines: The definition of passive income.

Tradelines? Wazzat? (Yes, I searched. I didn't find anything that helped me.)

A PM or new thread may be polite to avoid hijacking the thread.

Suman
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Re: Nothing else to do investment wise!

Post by Suman » Sat May 20, 2017 2:58 pm

Yes. Need more information on this.

Fallible
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Re: Nothing else to do investment wise!

Post by Fallible » Sat May 20, 2017 3:32 pm

Suman wrote:Now that we are finally invested in bogglehead style with a three fund portfolio and everything on auto investing, I feel like I need to do something about my portfolio. I understand that tinkering with a set allocation and IPS is dangerous so I always retreat. What else you do in a situation like this especially that I have many decades ahead before retiring?


Do you have an IPS? If not, it's needed and, if done well, could prevent tinkering. After that, find other, safer interests. After that, read the great books every investor needs to read (on the wiki reading list posted earlier here). Two good and fairly recent books for the individual investor struggling to stay the course are A Wealth of Common Sense by Ben Carlson, and Heads I Win, Tails I Win by Spencer Jakab (about "Lake Moneybegone").

After that, patience and self-discipline.
Bogleheads® wiki | Investing Advice Inspired by Jack Bogle

livesoft
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Re: Nothing else to do investment wise!

Post by livesoft » Sat May 20, 2017 3:59 pm

Suman wrote:... I found personal finance and investment so exciting that now I feel bored. I guess have to stop thinking about portfolio and focus on day to day life.

No, you don't. You can get unbored by thinking about other people's portfolios and answer questions all day long and then all night long on bogleheads.org. But you have to read all those IRS publications first.
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DoubleClick
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Re: Nothing else to do investment wise!

Post by DoubleClick » Sat May 20, 2017 4:11 pm

Suman wrote:Now that we are finally invested in bogglehead style with a three fund portfolio and everything on auto investing, I feel like I need to do something about my portfolio. I understand that tinkering with a set allocation and IPS is dangerous so I always retreat. What else you do in a situation like this especially that I have many decades ahead before retiring?


Nothing. That's the point. Find out what you truly enjoy in life and spend your time on that! And congrats!

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