Search found 1302 matches

by dukeblue219
Thu Apr 15, 2021 9:17 am
Forum: Personal Finance (Not Investing)
Topic: I wish I Knew Then What I Know Now
Replies: 23
Views: 2034

Re: I wish I Knew Then What I Know Now

I wish I had understood the concept of tax drag. I am an engineer, and I profess to know math, but for a long, long time I was under the impression that taking capital gains along the way didn't really matter since I'd have to pay the piper eventually anyway. It's a dumb mistake, but I figured a bu...
by dukeblue219
Thu Apr 15, 2021 8:00 am
Forum: Investing - Theory, News & General
Topic: Market shift since december
Replies: 14
Views: 1197

Re: Market shift since december

I am extremely aware of the computing resources of the “big boys”. My last 5 years of employment was with a hedge fund which invested in worldwide commodities. My personal software only looks at past trends over time. It also keeps track of my personal investments and lets me know the current perce...
by dukeblue219
Thu Apr 15, 2021 8:00 am
Forum: Investing - Theory, News & General
Topic: What’s the problem with dividends?
Replies: 41
Views: 2424

Re: What’s the problem with dividends?

Kenneth French has studied the dividend phenomenon and has documented that, historically, dividend paying stocks have provided higher total returns, with lower standard deviation of those returns, compared to non-dividend paying stocks. This may be a case of investors being willing to pay a higher ...
by dukeblue219
Thu Apr 15, 2021 7:14 am
Forum: Investing - Theory, News & General
Topic: Market shift since december
Replies: 14
Views: 1197

Re: Market shift since december

As a computer geek, you are presumably aware of the computing resources available to the "big boys" on Wall St, not to mention the newer FinTech types and AI developers. Im not discouraging you from your own hobby, just make sure you put the context on what you're doing so that you aren't ...
by dukeblue219
Thu Apr 15, 2021 6:58 am
Forum: Personal Investments
Topic: Where to invest 6k in Roth?
Replies: 28
Views: 2071

Re: Where to invest 6k in Roth?

If you already have a Fidelity account, just buy FSKAX. It and VTSAX are almost identical. https://www.askfinny.com/compare/VTSAX-vs-FSKAX This would be my advice simply to avoid having multiple accounts, and my preference is that Fidelity is a vastly better platform anyway. There's nothing about b...
by dukeblue219
Wed Apr 14, 2021 7:45 pm
Forum: Personal Consumer Issues
Topic: Do you tip your hibachi chef?
Replies: 16
Views: 1406

Re: Do you tip your hibachi chef?

I think it's a fair assumption that the chef shares the tips received on the bill at such places. They aren't merely cooking orders in a back room, but actively serving you. As such, I would be very disappointed to learn my credit card tip was only going to the waitstaff.
by dukeblue219
Wed Apr 14, 2021 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Proof of Funds when House Hunting
Replies: 25
Views: 2371

Re: Proof of Funds when House Hunting

Many of the answers here are in regards to making an offer or from the listing agent's POV. It sounds to me like OP's buyer agent asked to see their funds before even taking them on as a client at all. That's weirder to me...
by dukeblue219
Wed Apr 14, 2021 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: I wish I Knew Then What I Know Now
Replies: 23
Views: 2034

Re: I wish I Knew Then What I Know Now

I wish I had understood the concept of tax drag. I am an engineer, and I profess to know math, but for a long, long time I was under the impression that taking capital gains along the way didn't really matter since I'd have to pay the piper eventually anyway. It's a dumb mistake, but I figured a bun...
by dukeblue219
Wed Apr 14, 2021 6:44 pm
Forum: Personal Investments
Topic: Vanguard Federal Money Market Fund
Replies: 11
Views: 1349

Re: Vanguard Federal Money Market Fund

Do you have five separate accounts? I'm confused what you mean by five tax retirement funds and one taxable fund in the same account.
by dukeblue219
Wed Apr 14, 2021 4:44 pm
Forum: Investing - Theory, News & General
Topic: Index fund ETFs
Replies: 10
Views: 654

Re: Index fund ETFs

I think you misunderstand how index funds work. Price movements would not cause the index to reconstitute itself. i.e. trade. Let us say that the fund needs to hold 0.1% of of the free-float market-cap of every company in its index. They go ahead and buy 0.1% of every company out there. Company X j...
by dukeblue219
Wed Apr 14, 2021 11:49 am
Forum: Personal Investments
Topic: ETF For Cybercurrency If Asset Class
Replies: 35
Views: 2152

Re: ETF For Cybercurrency If Asset Class

Minor nitpick but the appropriate term is cryptocurrency, not cybercurrency.
by dukeblue219
Wed Apr 14, 2021 11:47 am
Forum: Personal Consumer Issues
Topic: Lawn care question
Replies: 38
Views: 2487

Re: Lawn care question

Look into local ordinances as well - products like Weed N Feed are not legal everywhere. Some jurisdictions are moving to organic-only lawn treatments.
by dukeblue219
Wed Apr 14, 2021 6:58 am
Forum: Personal Finance (Not Investing)
Topic: Good HSA accounts?
Replies: 43
Views: 2149

Re: Good HSA accounts?

Does Fidelity make you keep anything in the base balance? Most of the HSA admins working with Devenir make you keep $1000 sitting around earning nothing in interest. :annoyed [/quote] There's not even a concept of a "base balance" at Fidelity. It's just a regular brokerage account, except ...
by dukeblue219
Tue Apr 13, 2021 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Gift Tax
Replies: 18
Views: 738

Re: Gift Tax

So my dad passed away a few years ago at the age of 66 and his wife (my mother) is still living. My dad gave 50% of his IRA to his wife, 25% of his IRA to me, and 25% of his IRA to my brother. Are you saying that I should not have paid taxes on this money? (I'm not questioning your knowledge. I'm q...
by dukeblue219
Tue Apr 13, 2021 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Zelle/Venmo/Cashapp?
Replies: 36
Views: 2887

Re: Zelle/Venmo/Cashapp?

Everyone around here uses Venmo for person-to-person transactions. That means babysitters, buying stuff from neighbors, sharing half of a wine delivery with your friend, etc. Seems to work well.
by dukeblue219
Tue Apr 13, 2021 9:15 am
Forum: Personal Consumer Issues
Topic: 10+ year old used cars?
Replies: 51
Views: 3170

Re: 10+ year old used cars?

Personally there is so much safety tech in the 2015 and recent cars that I wouldn't go back much further. I thought it was gimmicky at first too, but I'll never buy another car without cameras and automatic emergency braking.

But your opinion may vary...
by dukeblue219
Tue Apr 13, 2021 6:58 am
Forum: Personal Finance (Not Investing)
Topic: Good HSA accounts?
Replies: 43
Views: 2149

Re: Good HSA accounts?

Fidelity, no question about it.

I used to be with HSABank and Health Equity, but Fidelity is light years better.
by dukeblue219
Tue Apr 13, 2021 6:53 am
Forum: Personal Investments
Topic: Index ETF or Index Mutual fund for brokerage acct
Replies: 8
Views: 704

Re: Index ETF or Index Mutual fund for brokerage acct

At most modern brokerages (Fidelity, Schwab, not Vanguard) you can easily buy partial shares of ETFs so the issue of investing a dollar amount is moot. However you may not be able to automatically buy a certain amount each month like with funds. I like that ETFs are easily ported to another brokerag...
by dukeblue219
Tue Apr 13, 2021 6:28 am
Forum: Personal Finance (Not Investing)
Topic: How can estimated 2020 tax refund be applied to 2021 estimated tax?
Replies: 11
Views: 958

Re: How can estimated 2020 tax refund be applied to 2021 estimated tax?

Remember that estimated taxes are just that - estimated. There is no jail for not paying them, nor penalties for messing up the amount, merely a very low interest rate on the amount you underpaid. Estimates tax payments are not individual, distinct bills that are due. The 1040 the next year simply c...
by dukeblue219
Tue Apr 13, 2021 6:22 am
Forum: Personal Consumer Issues
Topic: Cockroach Coming Out of Hole in Sink?
Replies: 15
Views: 1432

Re: Cockroach Coming Out of Hole in Sink?

JoeRetire wrote: Tue Apr 13, 2021 5:49 am Tell the landlord and/or super to get rid of it (them).
All they're going to do is have a low bidder spray some poison around your bathroom and leave.

I grew up in South Carolina. There's nothing you can do. Make friends with them and negotiate a peace treaty.
by dukeblue219
Mon Apr 12, 2021 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA Distributions - are they income tax-free if ... ?
Replies: 6
Views: 679

Re: Roth IRA Distributions - are they income tax-free if ... ?

This wasn't a financial professional who provided this information, was it?

Would suggest sharing the following with your aunt for her own reassurance:
https://www.irs.gov/retirement-plans/roth-iras
by dukeblue219
Mon Apr 12, 2021 5:14 pm
Forum: Personal Consumer Issues
Topic: BOA Premium Rewards vs. United Explorer -- which to keep?
Replies: 11
Views: 627

Re: BOA Premium Rewards vs. United Explorer -- which to keep?

I switched from United to BOA a year ago and haven't regretted once (granted, not traveling). The airline credit alone makes up for (some of) the free baggage. If you need substantially more baggage you're probably elite anyway and have access to free bags that way. The miles earned on spending aren...
by dukeblue219
Mon Apr 12, 2021 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Any1 use home insurance by GUARD/Berkshire Hathaway ?
Replies: 13
Views: 620

Re: Any1 use home insurance by GUARD/Berkshire Hathaway ?

I have literally nothing to add except that I wouldn't put one cent to the value of BBB in 2021. Its day has long passed.
by dukeblue219
Mon Apr 12, 2021 6:11 am
Forum: Personal Consumer Issues
Topic: The Great Swing Set Dilemma
Replies: 56
Views: 4556

Re: The Great Swing Set Dilemma

Rather than buy a swing set, I would suggest taking your kids to a park. Kids playing outdoors has not been a high-risk activity as far as COVID19 is concerned anyway, and the virus is close to being in the rearview mirror anyway. This is tough, though, because then the kids have to mask and distan...
by dukeblue219
Mon Apr 12, 2021 5:48 am
Forum: Personal Consumer Issues
Topic: Anyone keep a separate phone for 2FA?
Replies: 13
Views: 1412

Re: Anyone keep a separate phone for 2FA?

vstariradev wrote: Mon Apr 12, 2021 12:55 am When I got a new phone I was able to able to export all 2FA keys from my old phone and import them into the new one. I used google Authenticator app.
This is the answer. If you backup Google Authenticator or Microsoft Authenticator it will be seamless.
by dukeblue219
Sun Apr 11, 2021 4:24 pm
Forum: Personal Consumer Issues
Topic: USPS Delivery issues
Replies: 35
Views: 2547

Re: USPS Delivery issues

I am the executor of my dad's estate, and have sent over a dozen letters using certified mail in the past 6 months. Some disappear, some take 30 days to get there. I also found out that the signature you get on the certified mail receipt is useless. I saw on the informed delivery email I got one mo...
by dukeblue219
Sun Apr 11, 2021 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Theory: The Only Four Situations Justifying Debt
Replies: 103
Views: 7009

Re: Theory: The Only Four Situations Justifying Debt

You don't need a college degree to make 6 figures in your 20s. Plenty of trade jobs can make this kind of money without going into college debt. Come on. Of course you don't NEED it, but what percentage of non college educated 20 year olds are making 6 figures right now? It's got to be well south o...
by dukeblue219
Sun Apr 11, 2021 3:25 pm
Forum: Investing - Theory, News & General
Topic: Trading Platforms
Replies: 10
Views: 642

Re: Trading Platforms

You're going to get much better (or at least, many more) responses over at Reddit. Just not the right audience here. However, ThinkOrSwim seems to get good opinions over at TD Ameritrade and it's free. I'll add... I looked at your previous posts to see the background here. You're retired and living ...
by dukeblue219
Sun Apr 11, 2021 11:40 am
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 91
Views: 10519

Re: In-Laws' HOA demanding $8000 lumpsum payment

I'll never understand why anyone would want to buy property under the thumb of an HOA. Perhaps to ensure that their neighbor doesn't paint their house orange, turn the grass yard into a meadow, and decide to house 9 dogs? Just a guess.. The nuisance stuff can be handled perfectly well by county cod...
by dukeblue219
Sun Apr 11, 2021 10:48 am
Forum: Personal Finance (Not Investing)
Topic: I usually use electronic bank transfers to send money
Replies: 20
Views: 1383

Re: I usually use electronic bank transfers to send money

I use ACH because I feel (perhaps wrongly) that wiring is more prone to irreversible mistakes. ACH usually has money where I want it the next day and it's free too.

For personal use? Venmo, hands down.
by dukeblue219
Sun Apr 11, 2021 6:50 am
Forum: Investing - Theory, News & General
Topic: [Is it a good time to buy I bonds?]
Replies: 63
Views: 834

Re: I Bonds

This is like the worst time to buy I bonds. The fixed rate is 0% with inflation on the horizon. I bonds pay off when you buy right before deflation is about to occur. interesting perspective. i'm wondering if you meant to say EE bonds instead of Ibonds as Ibonds adjust for inflation. cheers, grok F...
by dukeblue219
Sun Apr 11, 2021 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Help! Alliant is stealing my money via wrongful right of offset
Replies: 38
Views: 6348

Re: Help! Alliant is stealing my money via wrongful right of offset

I have a checking account of balance X. The mortgage balance is Y. Mortgage payment is calculated based on original loan balance. Interest on the mortgage is calculated on the amount of (Y - X). So in effect my cash is saving me mortgage interest at the mortgage rate. What sort of financial instrum...
by dukeblue219
Sun Apr 11, 2021 6:43 am
Forum: Investing - Theory, News & General
Topic: [Is it a good time to buy I bonds?]
Replies: 63
Views: 834

Re: I Bonds

This is like the worst time to buy I bonds. The fixed rate is 0% with inflation on the horizon. I bonds pay off when you buy right before deflation is about to occur. interesting perspective. i'm wondering if you meant to say EE bonds instead of Ibonds as Ibonds adjust for inflation. cheers, grok F...
by dukeblue219
Sat Apr 10, 2021 6:37 pm
Forum: Investing - Theory, News & General
Topic: An alternative to bonds
Replies: 10
Views: 1790

Re: An alternative to bonds

What's an EDF?
by dukeblue219
Sat Apr 10, 2021 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Incorrect Tax Calculation by IRS FreeFile [or Excel1040.com]
Replies: 9
Views: 650

Re: Incorrect Tax Calculation by IRS FreeFile

So, without casting too much judgment, I would comment that 99.99% of these types of questions are resolved as either a misunderstanding or a mistaken data entry. You'll need to provide a lot more information if you want BH to try to identify where the error is happening.
by dukeblue219
Sat Apr 10, 2021 7:50 am
Forum: Personal Investments
Topic: Fidelity CD Question
Replies: 13
Views: 1252

Re: Fidelity CD Question

So let me ask a more specific question about the safety of the Fidelity CD ladder....when I used the CD ladder tool, some of the banks that popped up were foreign banks, such as a bank from India and a bank from China. I found this interesting...does anyone have a Fidelity CD ladder where some of t...
by dukeblue219
Sat Apr 10, 2021 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Help! Alliant is stealing my money via wrongful right of offset
Replies: 38
Views: 6348

Re: Help! Alliant is stealing my money via wrongful right of offset

This is really concerning. ALL of our cash is in an account offsetting mortgage interest. Should I bank somewhere else? We would lose the return on our cash at the mortgage rate. I don't really understand the situation - you have a savings or CD equal to your mortgage interest rate and can't replic...
by dukeblue219
Fri Apr 09, 2021 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Tips to track monthly budget
Replies: 51
Views: 3713

Re: Tips to track monthly budget

YNAB. Of course it's not the cheapest option but I love, love, love the envelope-type of budgeting. Every dollar in gets allocated to a category and every expense has to come from somewhere. It's much better than just making a budget or tracking spending - I like knowing that I have $750 reserved fo...
by dukeblue219
Fri Apr 09, 2021 7:35 pm
Forum: Investing - Theory, News & General
Topic: FSMAX Shows 6% Loss Today?
Replies: 39
Views: 2491

Re: FSMAX Shows 6% Loss Today?

FSMAX (Fidelity Extended Market Index), one of my largest holdings, shows a loss in my brokerage account of 5.67% today. There were no dividend payouts, and Vanguard's Extended Market ETF is up today. Any thoughts as to what might be going on? I called Fidelity and the representative initially trie...
by dukeblue219
Fri Apr 09, 2021 3:41 pm
Forum: Investing - Theory, News & General
Topic: How often (if ever) should I rebalance my Thrift Savings Plan?
Replies: 4
Views: 425

Re: How often (if ever) should I rebalance my Thrift Savings Plan?

The match and the government basic contribution are traditional. You can easily rebalance without worry whether the dollars are Roth or traditional (they aren't treated as separate accounts). It's actually super easy to do this at tsp.gov. You don't have to sell and buy, transfer from one to another...
by dukeblue219
Fri Apr 09, 2021 12:44 pm
Forum: Personal Investments
Topic: No Bonds
Replies: 40
Views: 2487

Re: No Bonds

What do you define as cash? Checking account? I personally would at least consider something like I-Bonds (limited amount) or individual TIPS but that's just me.
by dukeblue219
Fri Apr 09, 2021 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Old Stock - Solid State Scientific Corp
Replies: 1
Views: 241

Re: Old Stock - Solid State Scientific Corp

This might be helpful, but you've certainly got your work cut out for you here.

http://www.antiquetech.com/?page_id=914
by dukeblue219
Fri Apr 09, 2021 7:30 am
Forum: Personal Investments
Topic: TSP asset allocation
Replies: 11
Views: 937

Re: TSP asset allocation

The life cycle funds tend to overweight the G fund relative to F fund in the minds of many BH. It's not inherently a problem and G is like an awesome savings account, but just worth considering. If you were to allocate among the five funds, how would you break up G and F? Worth thinking about before...
by dukeblue219
Thu Apr 08, 2021 2:26 pm
Forum: Personal Investments
Topic: Sidedoor Roth
Replies: 36
Views: 2404

Re: Sidedoor Roth

The losing money in one account, to gain in another, starts to sound an awful lot like a wash sale, especially when you own both sides of the trade. Regards, The wash sale rule only prevents you from claiming the loss. It does not make the transaction itself prohibited. That's not to say that what ...
by dukeblue219
Thu Apr 08, 2021 2:23 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Website
Replies: 76
Views: 6199

Re: Vanguard Website

UpperNwGuy wrote: Thu Apr 08, 2021 1:58 pm Yes, Fidelity has a better website, but Vanguard has better funds. Which do you consider to be more important?
In a world of zero commission ETFs I know which I'd choose, and fully understand not everyone wants ETFs.
by dukeblue219
Thu Apr 08, 2021 8:45 am
Forum: Personal Investments
Topic: Consolidate Fidelity to Vanguard or not
Replies: 33
Views: 2458

Re: Consolidate Fidelity to Vanguard or not

Fidelity doesn't really do ETF index funds like VG or iShares, but you could just buy VTI at Fidelity.
by dukeblue219
Thu Apr 08, 2021 8:39 am
Forum: Investing - Theory, News & General
Topic: who here is tempted to pullback on stocks?
Replies: 238
Views: 47018

Re: who here is tempted to pullback on stocks?

Tempted in my gut, yes, but then I look at bond yields and my gut feeling on where rates are headed and that balances it out.
by dukeblue219
Wed Apr 07, 2021 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: 401k " to do" when leaving job
Replies: 6
Views: 1134

Re: 401k " to do" when leaving job

Before you leave, double check your personal contact information is accurate in the 401k. It can be pain to reach your old employer's HR to update your person info in the 401k providers system in order to process a rollover.
by dukeblue219
Wed Apr 07, 2021 3:15 pm
Forum: Personal Investments
Topic: New Vanguard Ultra Short Bond ETF (VUSB)
Replies: 17
Views: 2060

Re: New Vanguard Ultra Short Bond ETF (VUSB)

None of these make any sense relative to "high yield" savings for average folks (for taxable accounts anyway) . If you have millions that you need to invest because youre out of the savings account limits then sure. BSV has a yield less than half a percent and that should be higher than th...
by dukeblue219
Wed Apr 07, 2021 3:09 pm
Forum: Personal Investments
Topic: Pension curveball (new advisor, new recommendation)
Replies: 4
Views: 724

Re: Pension curveball (new advisor, new recommendation)

Bacardi wrote: Wed Apr 07, 2021 2:21 pm
Another option would be to do a Backdoor Roth, but can it “guarantee” a 5 to 6% payout over the next x years without any action I my part.
Sure, for x less than about 23 it should be fine if you can earn 1% real or better. Guarantee? No. Without touching the principle heck no!