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TheBogleWay

No need for bonds if your numbers made sense with at alternatives goals. Maybe no need for bonds based on those possible goals. You spend 90k a year and want 9 mil in retirement. Why? Because I have single parents each with zero in savings. From what I understand, it's going to be extremely expensi...

TheBogleWay

02nz wrote: ↑Tue Feb 09, 2021 9:44 am Do whatever can help you stay the course. In your case 10% or 0% (or 20% or 30%) won't really matter.

Well, ill stay the course regardless of which mix I have. So I guess I’m just wondering which mix I should have that has the best chances to lead me to a better future financially.

TheBogleWay

What is your understanding of the consequences of what asset allocation you choose? That would be measured by estimating the range of end point wealth that you might expect for the different choices of stock/bond allocation. Which would you choose, a chance to end up with between $500,000 and $5,00...

TheBogleWay

zuma wrote: ↑Tue Feb 09, 2021 8:53 am Why did you originally choose 90/10 for your allocation?

Well, because I have high risk tolerance and not close to retirement. That’s why I felt it appropriate to go 90/10 equities/bonds. However I’m always ready to be taught so if you have something to teach me please do.

TheBogleWay

Wiggums wrote: ↑Tue Feb 09, 2021 8:57 am You are doing great. Keep it up…

Thank you for saying that! It’s very special to me, I grew up in poverty. I don’t spent too much. The idea that one day I’ll have enough to comfortably start spending is like a dream to me. Fingers crossed, still on the chase.

TheBogleWay

Almost everybody wants to hitch their wagon to a shining star and go with what has been working most recently. One thing though, we do not see posts like yours in time frames like March 10-23, 2020. What did you do with your bonds during March 16-23, 2020? Did you use them to buy VTSAX? If not, why...

TheBogleWay

So, I keep my bonds in my 401k, which accounts for maybe 10% of my total portfolio. I do it because I learned to invest (mostly) from Bogleheads, and I keep it in Vanguard's BND. My goal (not surprisingly) is to accumulate as much as I can in the next ~15-20 years until I retire. I'm in my early 30s...

TheBogleWay

In my area, Redfin is a little higher and Zillow is a little lower and closer to reality (though still a little high). But I think either estimate is fine. Once again, I would ask yourself how much precision really is needed here. Only have time to reply to this post right now, but I asked myself t...

TheBogleWay

I also do this in Excel. I structure it like this: An Assets table: first column is the account name/description, second column is the dollar value, third column is the class (cash, real estate, stocks, etc). A liabilities table underneath it with values. Under assets I list the real estate propert...

TheBogleWay

So I have an Excel doc I'm pretty proud of. Tracks my investments, debts, things like that and calculates my net worth. It's cool it actually does a lot of other things too, like an estimated retirement date, a safe withdrawal amount, etc. However all of this time, I've never owned a home. My excel ...

TheBogleWay

Awesome. Thank you all, that wasn't that bad, sold. Funny.. for $300k stocks sold, I only had about $25k long term taxable gains, so I'll only have to pay maybe $4,500 in taxes for $300k in sold stocks of a lazy 3 fund portfolio. Sorry, maybe I missed something, why did you sell $300k when you said...

TheBogleWay

Awesome. Thank you all, that wasn't that bad, sold.

Funny.. for $300k stocks sold, I only had about $25k long term taxable gains, so I'll only have to pay maybe $4,500 in taxes for $300k in sold stocks of a lazy 3 fund portfolio.

TheBogleWay

For a given fund, the lot with the least gain/share is where you want to start. (And as noted, a loss per share is even better, since you can immediately write that off so long as you haven't bought shares of that fund within +/- 30 days -- else see "wash sale" regarding the rules for def...

TheBogleWay

Since you will need to rebalance anyways, I would sell the asset that is overweighted since you will sell it anyways to rebalance. Why have more LTG in a few months (unless you wait till 2021). And since this is your first sale, note that the money from mutual fund sales will be available the next ...

TheBogleWay

not to complicate things, but you can also sell things that have losses to offset the tax that will be owed on gains. In other words, just because something has a loss, doesn't mean there's no value there. Say you sell shares that equal $75,000 now that you bought for $50,000. Say you sell other sh...

TheBogleWay

Hi All, I use Vanguard, and long story short I need to sell about $100k in stocks to have some liquid cash I need for my first house downpayment. It's my first time ever selling stocks. Within Vanguard, I've gone in there and changed the cost basis to SpecID so that I can see which stocks have which...

TheBogleWay

Skip options A and D. Regardless of what they say, you have a higher chance of not closing in 30 days with them compared to others. C is hard to turn down, but as others said, would it be close enough that the seller would extend closing if need be? In many places, that is automatically in the offe...

TheBogleWay

Dottie57 wrote: ↑Mon Aug 31, 2020 10:25 pm Surprised you made an offer and it was accepted without a lender in place. That would not fly in my location.

Take whichever one who will approve a loan the quickest.

Wouldn’t fly here either lol I got pre approved.

TheBogleWay

I would choose the cheapest - lenders may or may not sell the mortgage anyways. I assume that the rate reduction for Quicken is moving assets to Schwab? Schwab is a top rate brokerage so that's great also. I think the local one does sell it but everyone in the area says they’re the ones who would b...

TheBogleWay

This left the front page pretty quickly so.. just a quick bump!

TheBogleWay

Hi All, A house I really want accepted my offer Friday. I have until Wednesday to select a final lender. The close date on the house is September 30th, so that's a factor is selecting a provider I feel confident can close by then. The house is about $1.425m, with my 20% down the loan will be $1,140,...

TheBogleWay

These threads tend to spread an astounding amount of misinformation, so no, it isn't as simple as simply ignoring threads one isn't interested in. I'm not the guy you responded to but I do agree with him, just like him, this thread helped me to know that it was a widespread issue, not simply that s...

TheBogleWay

tingles wrote: ↑Mon Aug 31, 2020 11:15 am Are the investments you’re selling for the down payment from a retirement account or a normal taxable account?

Yes.

I do have money in a Roth IRA and 401k, but I heard it's not a good idea to look at funding from those? So assuming that's correct I'm using my regular taxable account.

TheBogleWay

000 wrote: ↑Sun Aug 30, 2020 4:47 pm Log on to vanguard.com right now to change cost basis to SpecID.

Funny, your advice was good. I'm finally on the phone with them after a 90 minute hold today, and the SpecID still hasn't updated. They're telling me to call back tomorrow. So thanks, I'm at least glad I did it yesterday!

TheBogleWay

Finally reaching a person after 1 hour and 7 minutes, but now he needs to transfer me to somebody who can actually help with my request, he says it will be another "lengthy wait maybe over 15 minutes". What craziness, this is really frustrating. Their Twitter post is full of people saying ...

TheBogleWay

LadyGeek wrote: ↑Mon Aug 31, 2020 12:26 pm I merged amateurnovice's and TheBogleWay's threads into the on-going discussion. The combined thread is in the Investing - Theory, News & General forum (Vanguard problem).

Thank you LadyGeek!

TheBogleWay

HueyLD wrote: ↑Mon Aug 31, 2020 12:18 pm Don’t put all your eggs in one basket.

Traditionally I've always liked Vanguard and been a fan of their customer service but I have had a few issues recently, and now this.

Are people generally still happy with Vanguard, or are people... migrating elsewhere?

TheBogleWay

I'm in a situation where I need to sell stocks (need access to some funds) immediately, as in asap today. I have two phones and I've been on hold trying to reach their customer service for over 30 minutes on each. For whatever reason, the phone line didn't even prompt their normal voice verificatio...

TheBogleWay

They are having massive website issues today, check their Twitter, Facebook, etc. Several threads here today. Their call volumes are probably through the roof at this time. Ok so it's not just me. Yeah, I realized their website was glitching today too. One hell of a time for issues. I need them imm...

TheBogleWay

[Thread merged into here, see below. --admin LadyGeek] I'm in a situation where I need to sell stocks (need access to some funds) immediately, as in asap today. I have two phones and I've been on hold trying to reach their customer service for over 30 minutes on each. For whatever reason, the phone...

TheBogleWay

It's a 1.5M house, and you've got 1.6M, pre-tax. I'll skip the nitpicking about the income numbers, but given the high income, I think most would agree that if you sold the 1.2M, paid your taxes, and took out a mortgage of < 2x annual gross income, that is definitely affordable. (To be clear, I'm n...

TheBogleWay

In addition to an existing ~$1,000,000 investment portfolio at age ~30, earning an estimated $80,000/year in interest. That sounds a good investment. Is this your forecast for growth? You say "interest." Are you getting 8% interest? Sounds high, no!? Also, you sound sort of defensive/aggr...

TheBogleWay

You can use a wholesale mortgage broker as well. United Wholesale Mortgage (which announced 1.99% 30-year rates but definitely costs points, and no idea if they do jumbo loans), Guaranteed Rate, etc. They basically do the search for you and get wholesale rates that often aren't available. Worth the...

TheBogleWay

Sounds good. But it seems that you got "pre-qualified", not really pre-approved, if such a short time. Note that this may well not make any difference at all at this point, but I'm mentioning it to you for the future (in case this doesn't work out somehow, or someday in the future you are...

TheBogleWay

You really should learn how taxes work (hint, no one uses the “effective rate” for anything). With a $1.2M mortgage and property taxes >$10k with no state income tax, you are going to be itemizing deductions for the first time. Which opens up lots of tax savings strategies for you, but only if you ...

TheBogleWay

$340k MFJ income -$35k 401k -$5k other above the line deductions for health insurance premiums, etc -$25k standard deduction = $275k taxable income Which incurs $54k Federal income tax and $15-$20k payroll tax (depending on how the income is split between the two of you) So your $340k income is now...

TheBogleWay

. Several REALLY important concerns have been raised above. First is that 30-day timeline if you weren't already pre-approved (and preferably, for next time, not just pre-qualified). Did you make an offer with *both* financing and inspection contingencies? (I hope so.) Question: Were you or were yo...

TheBogleWay

Help me understand what we could be missing if you really think it's off, despite me using online calculators. That is the problem right there. You should know by means of a careful accounting of your income vs. expenditures, and know exactly what is going to be cut in order to make up the differen...

TheBogleWay

Thanks for your help. I'm getting nervous about finding the best lender right now. I guess the part that is making me nervous is I don't quite understand the point system and paying more for a lower interest rate, as in I'm unsure how to tell if it's worth it. I'm also a bit unsure how to negotiate...

TheBogleWay

Good. Feel free to post back here if you can't find how to do it. I found it! Done. So tomorrow morning, I'll call them, and basically ask a rep to help me sell stocks, prioritizing any with a loss first and then the ones with the lowest gains yet over 1 year next. Then in a few weeks I probably ch...

TheBogleWay

You can afford it comfortably if your take-home is $23k per month. But here’s the disconnect— if that is true there is no way your gross income is only $340k. Whatever calculator you are using to come up with that number is wrong. Your actual gross income to generate $23k monthly after tax is likel...

TheBogleWay

Good. Feel free to post back here if you can't find how to do it. I found it! Done. So tomorrow morning, I'll call them, and basically ask a rep to help me sell stocks, prioritizing any with a loss first and then the ones with the lowest gains yet over 1 year next. Then in a few weeks I probably ch...

TheBogleWay

000 wrote: ↑Sun Aug 30, 2020 4:51 pm
TheBogleWay wrote: ↑Sun Aug 30, 2020 4:49 pm
000 wrote: ↑Sun Aug 30, 2020 4:47 pm Log on to vanguard.com right now to change cost basis to SpecID.
I could probably do that tomorrow over the phone when I call in to sell, right?
Please just do it now. Sometimes these things need to run overnight.

I'm on it! Thanks for the advice.

TheBogleWay

I didn’t see anyone say the OP couldn’t buy the house. My, and others, point was OP should make sure they understand their actual cash flow and expected expenses first. None of the numbers OP posted add up and I’d hate to tell someone, “yeah, go for it!” based on faulty math. The numbers add up, I'...

TheBogleWay

000 wrote: ↑Sun Aug 30, 2020 4:47 pm Log on to vanguard.com right now to change cost basis to SpecID.

I could probably do that tomorrow over the phone when I call in to sell, right?

TheBogleWay

A local broker is probably going to get you through closing on time vs a large national bank. Less bureaucracy to go through. Plus the rates are negotiable, so they'll usually try to get at least close to BoA's rate. I found a guy who works for BoA and lives a mile down the street. Is that a "...

TheBogleWay

Original Poster here Update: I shouldn't have mentioned cost of the home, as it's distracting from the thread and I still am looking for help. However since the cost of the home to income is being discussed so much, I'll address that and hopefully we can move on. I used the effective marriage tax r...

TheBogleWay

You can use the internet to help find the best mortgages faster, instead of calling random places. For example, google: best mortgage rates for <zipcode> Weird. I used all 4 top results on Google with this just now, they all came back saying they can't find any rates. Filled it all out correctly. T...

TheBogleWay

If you need money then now is a much better time to sell equities than March. No kidding right. I swear, it's just weird how the stars aligned for this opportunity. Stocks at record highs so I'm OK selling... I only checked housing apps once every week or two, happened to see this one an hour after...

TheBogleWay

The 30k will be included in the 20% down. For selling stocks: Any tax lots with a loss? Sell those first. Then look at your tax lots that are older than 1-year. Start with the ones that have the lowest capital gains and sell those. Assuming you have chosen SpecID for your account. I've heard the te...

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