Search found 7833 matches

by JBTX
Wed Apr 21, 2021 10:36 am
Forum: Personal Investments
Topic: Optimal strategy: use home equity at 3.25% or stop 401k contributions
Replies: 7
Views: 277

Re: Optimal strategy: use home equity at 3.25% or stop 401k contributions

What is the right way to calculate optimal strategy to get cash for home improvement? Home equity and pay interest, stop 401k contributions and lose tax deductions or sell some appreciated investments and pay tax? Any direction or tools advice will be highly appreciated Thanks! A lot depends on you...
by JBTX
Tue Apr 20, 2021 9:08 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2782
Views: 276157

Re: [What TV Show Have You Recently Watched?]

Just finished The Serpent on Netflix. About a 70s killer who lived in Thailand and robbed, killed and stole identities of young tourists, and an Dutch embassy individual trying to prove he was doing this due to local police apathy. It starts out kind of slow, but as I stuck with it found it very sus...
by JBTX
Tue Apr 20, 2021 8:21 am
Forum: Investing - Theory, News & General
Topic: Any Reason to NOT max out I Bonds and EE Bonds
Replies: 50
Views: 4355

Re: Any Reason to NOT max out I Bonds and EE Bonds

I'm currently doing both. Ibonds for many years. Just started EE.
by JBTX
Mon Apr 19, 2021 8:31 pm
Forum: Personal Consumer Issues
Topic: Mosquitos! Mosquitos! Mosquitos!
Replies: 127
Views: 10482

Re: Mosquitos! Mosquitos! Mosquitos!

I live in Houston, so mosquitos are a way of life. I’ve had the Dynatrap from Costco and it was worthless - it caught lots of bugs but rarely caught mosquitos. I’ve had good results with prevention (remove standing water), having fans near where I am outside, and using either spray on repellant or ...
by JBTX
Sat Apr 17, 2021 10:35 pm
Forum: Investing - Theory, News & General
Topic: Cryptocurrency - Bitcoin Continues to Soar!
Replies: 299
Views: 25487

Re: Cryptocurrency - Bitcoin Continues to Soar!

I broke down. I FOMO'd! This afternoon set up a coinbase account for grins and giggles. Entertainment purposes only. Put $100 in Bitcoin and $100 in etherium. Whoops! Actually put $200 in etherium. My initial investment didn't show up so I did again. But later it showed up. Now six hours later my $...
by JBTX
Sat Apr 17, 2021 10:27 pm
Forum: Investing - Theory, News & General
Topic: Cryptocurrency - Bitcoin Continues to Soar!
Replies: 299
Views: 25487

Re: Cryptocurrency - Bitcoin Continues to Soar!

I broke down. I FOMO'd! This afternoon set up a coinbase account for grins and giggles. Entertainment purposes only. Put $100 in Bitcoin and $100 in etherium. Whoops! Actually put $200 in etherium. My initial investment didn't show up so I did again. But later it showed up. Now six hours later my $3...
by JBTX
Sat Apr 17, 2021 9:55 pm
Forum: Personal Investments
Topic: Where to put $400K To Be Used For College Expenses in 5 years?
Replies: 26
Views: 2663

Re: Where to put $400K To Be Used For College Expenses in 5 years?

If you think you will likely need all that money, I'd invest conservatively. Somewhere between 0-25% stocks. You could throw $20k to $25k into ibonds each year.
by JBTX
Sat Apr 17, 2021 9:50 pm
Forum: Personal Investments
Topic: Shift some emergency funds to I bonds for 3.54% interest?
Replies: 20
Views: 3149

Re: Shift some emergency funds to I bonds for 3.54% interest?

Any reason i bonds wouldn’t make sense for a retired person holding a lot of cash? Asking for a parent and don’t know a ton about them. For the most part they seem a no brainer. The only downsides: 1. Money is locked up one year. 2. You lose 3 months of interest if held less than 5 years. Even with...
by JBTX
Sat Apr 17, 2021 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Experience with Citibank Bonus Offer
Replies: 24
Views: 2176

Re: Experience with Citibank Bonus Offer

I have never understood why people fall for the bank bonus offers. For that matter, I also don’t understand why people move their investment accounts from one broker to another to get a small bonus. In both cases the bonuses are just not large enough to justify all the changes in your financial lif...
by JBTX
Sat Apr 17, 2021 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Experience with Citibank Bonus Offer
Replies: 24
Views: 2176

Re: Experience with Citibank Bonus Offer

Just wanted to share my experience with a Citibank bonus offer in case anyone else is tempted to chase banking offers in this time of low interest rates. The deal was to put at least $15,000 in Citibank checking/savings accounts (combined - they make you get both), leave the funds for a 60 day qual...
by JBTX
Sat Apr 17, 2021 9:24 pm
Forum: Personal Investments
Topic: Need Help with Investment Plan - Close to Retirement
Replies: 12
Views: 1677

Re: Need Help with Investment Plan - Close to Retirement

I'm not one to preach for simplicity. I've got a mess of funds, and likely over complicated. I keep saying one day I'll simplify, but always have a rationalization for the various funds I have. At least I have a way in quicken I can track asset allocation and adjust as necessary. Having said all tha...
by JBTX
Sat Apr 17, 2021 9:11 pm
Forum: Personal Investments
Topic: Should I change my Roth funds?
Replies: 4
Views: 942

Re: Should I change my Roth funds?

It's not totally clear to me what your goals are. It seems you are 70 years old and want to increase your allocation to stocks. Why? I can't tell what your overall asset allocation is. It is nice to have growth in Roth, but it isn't a free lunch. You are basically increasing your after tax stock all...
by JBTX
Sat Apr 17, 2021 8:39 pm
Forum: Personal Investments
Topic: Help me understand Bond Fund returns vs EE Bond over 20 years
Replies: 6
Views: 923

Re: Help me understand Bond Fund returns vs EE Bond over 20 years

I'm comparing a total bond fund (AGG, BND) with dividend reinvestment to an EE Bond. Both would be held for 20 years. The bond fund's return has two things to consider - the dividend yield and the fund's NAV. EE bonds currently yield 0.1% but holding for 20 years triggers the minimum 3.5% CAGR. For...
by JBTX
Sat Apr 17, 2021 1:57 pm
Forum: Investing - Theory, News & General
Topic: Helping a nurse with her 401(K)- Roth or Traditional ?
Replies: 4
Views: 430

Re: Helping a nurse with her 401(K)- Roth or Traditional ?

https://www.nerdwallet.com/article/taxes/federal-income-tax-brackets The taxable income cutoff from 12/22% is about $40k. The standard deduction $12,550. So below $53k ish AGI, she'd be at 12% bracket. If employee benefits and traditional 401k, HSA, etc got AGI down to less than that, any amounts at...
by JBTX
Sat Apr 17, 2021 1:46 pm
Forum: Personal Investments
Topic: Roth Conversions in Retirement
Replies: 23
Views: 2256

Re: Roth Conversians in Retirement

Let's look at the scenarios: 1. In the future you not likely be in the zero bracket due to rmds and a pension. 2. Worst case scenario you end up in 12% marginal rate in retirement scenario, and those rates are renewed in 2026. Add a couple of points to the 12% given a Roth conversion will increase y...
by JBTX
Sat Apr 17, 2021 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: How foolish is this? [Buying waterfront apartment in Florida]
Replies: 96
Views: 8927

Re: How foolish is this? [Buying waterfront apartment in Florida]

I would look at is in terms of can I afford to lose everything I have invested in it, as a worse case highly unlikely scenario. If you can, then that is a risk worth taking to increase your quality of life. Objectively it could be less risky than buying a very high value home in a HCOL area that cou...
by JBTX
Sat Apr 17, 2021 2:17 am
Forum: Investing - Theory, News & General
Topic: Is passive investing leading to bigger market inefficiencies?
Replies: 62
Views: 4483

Re: Is passive investing leading to bigger market inefficiencies?

An argument that sometimes you hear from active investors is that the reason why market is so efficient is that a large number of stock pickers fine tune the asset prices. On the other hand, passive investors do not participate in this collective "voting" effort, and since the most common...
by JBTX
Sat Apr 17, 2021 2:09 am
Forum: Investing - Theory, News & General
Topic: How much inflation?
Replies: 19
Views: 1839

Re: How much inflation?

With 3T being pumped into the market, there is talk of inflation. Can this be quantified? Can this be thought of similarly to new stocks being issued diluting existing stock holders? Total annual US GDP is around $25 trillion. But where 3T goes makes a difference. 1. If it is used to make up slack ...
by JBTX
Sat Apr 17, 2021 1:48 am
Forum: Personal Consumer Issues
Topic: Cockroach Coming Out of Hole in Sink?
Replies: 32
Views: 3141

Re: Cockroach Coming Out of Hole in Sink?

Okay so my building is a very old building. And yes there are roaches in this building. But the thing is again... the roaches is coming out from one of those three holes in the sink... i never saw it happen before... until recently i saw a big roach on the sink and suddenly disappear. Now... are yo...
by JBTX
Fri Apr 16, 2021 8:23 pm
Forum: Personal Investments
Topic: 26 year old Portfolio Review + HSA Questions
Replies: 2
Views: 457

Re: 26 year old Portfolio Review + HSA Questions

Emergency funds: Have it. Debt: None Tax Filing Status: Single Tax Rate: 22% Federal, 3% State State of Residence: Indiana Age: 26 Desired Asset allocation: 100% stocks / 0% bonds Desired International allocation: 20% of stocks Size of your current total portfolio: 200k Taxable xx% fund name (ticke...
by JBTX
Fri Apr 16, 2021 8:11 pm
Forum: Personal Investments
Topic: Anyone have experience with Suntrust?
Replies: 21
Views: 1869

Re: Anyone have experience with Suntrust?

I don't think the have 2FA. I won't swear to that.
by JBTX
Fri Apr 16, 2021 8:09 pm
Forum: Personal Investments
Topic: Savings too much for Roth. Keep it in a savings account or invest it?
Replies: 11
Views: 1674

Re: Savings too much for Roth. Keep it in a savings account or invest it?

Good evening! Glad to be here. I've been following the Bogleheads investing strategy (I think) for a little while now and love how simple it is. Let me start with my asset allocation: Emergency funds : Six months worth Debt: Nothing, except my day-to-day spending on a credit card paid off at the en...
by JBTX
Fri Apr 16, 2021 7:50 pm
Forum: Investing - Theory, News & General
Topic: Move towards a higher stock allocation after a crash
Replies: 67
Views: 3994

Re: Move towards a higher stock allocation after a crash

How about the market only drop 49%? In March I decided I was going to buy some if the market dropped 40% from the top. Eventually I pulled the trigger. Only later had I figured out that the market hadn't quite dropped 40% and not sure it ever did. Thank goodness for my error. In the end it probably...
by JBTX
Fri Apr 16, 2021 7:30 pm
Forum: Personal Consumer Issues
Topic: New car same price as 1 year old
Replies: 24
Views: 2180

Re: New car same price as 1 year old

This past January, I bought a one year old used 2020 sedan with 12k miles for (roughly) the book value, according to cargurus.com . Last month, my Dad bought a new 2021 car of a similar style and size, though a different but comparable manufacturer. Including fees and taxes, we paid the same price ...
by JBTX
Fri Apr 16, 2021 2:32 pm
Forum: Personal Consumer Issues
Topic: can I get boglehead approval for a 70K truck?
Replies: 97
Views: 5399

Re: can I get boglehead approval for a 70K truck?

Maybe you should invest in an NFT of a Cyber truck instead.
by JBTX
Fri Apr 16, 2021 12:34 pm
Forum: Investing - Theory, News & General
Topic: Why Does Anyone Listen To Paul Merriman?
Replies: 87
Views: 8407

Re: Why Does Anyone Listen To Paul Merriman?

I'm not sure I understand the allure of this guy. It looks like the "Ultimate Buy and Hold" portfolio has been getting its ass kicked since 2015. "Past performance is not indicative of..." I get it. But the 3-fund portfolio seems infinitely easier to manage and is starting to bl...
by JBTX
Thu Apr 15, 2021 6:56 pm
Forum: Investing - Theory, News & General
Topic: Take out margin to buy IBonds
Replies: 30
Views: 1920

Re: Take out margin to buy IBonds

I've never done margin loans nor do I intend to. I did do a cash out refi and put some of the funds in ibonds. The only reason I could see doing a margin loan is you wanted to lock in the ibond purchase before the year runs out, but you didn't have enough loose cash to immediately do it, but expecte...
by JBTX
Thu Apr 15, 2021 6:51 pm
Forum: Personal Consumer Issues
Topic: Summerizing Florida House
Replies: 12
Views: 1372

Re: Summerizing Florida House

If unit has separate ac unit make sure it is serviced. Rinse off any debris from external fan casing.
by JBTX
Thu Apr 15, 2021 6:42 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2782
Views: 276157

Re: [What TV Show Have You Recently Watched?]

Into second season of Counterpart from Starz on Prime. Actually very good. Combo Sci fi - spy series, universe was split in two decades ago and the series follows the manipulations of one side vs the other, and how and why they turned out to be different. Sadly it was canceled after 2 seasons. Appar...
by JBTX
Thu Apr 15, 2021 4:52 pm
Forum: Investing - Theory, News & General
Topic: Why Does Anyone Listen To Paul Merriman?
Replies: 87
Views: 8407

Re: Why Does Anyone Listen To Paul Merriman?

Why do people still listen to Bogle, when Bitcoin, Telsa, Gamestop and ARKK have blown the doors off of index funds recently? Laughably weak straw man argument. No one's suggesting to invest in meme stocks. Merriman's strategy seems to be "index investing, except more complicated, more opportu...
by JBTX
Thu Apr 15, 2021 3:45 am
Forum: Investing - Theory, News & General
Topic: Cryptocurrency - Bitcoin Continues to Soar!
Replies: 299
Views: 25487

Re: Cryptocurrency - Bitcoin Continues to Soar!

In my Coinbase account, I had a random smattering of holdings. Small amounts in almost 30 different tokens. Just consolidated it all down to just six: Ethereum Stellar Lumens Litecoin Celo Algorand Cardano To the moon! :moneybag wait you don’t have any Bitcoin? Nope! I consolidated down to the six ...
by JBTX
Thu Apr 15, 2021 3:40 am
Forum: Personal Consumer Issues
Topic: Lawn care question
Replies: 38
Views: 2687

Re: Lawn care question

1. Identify what your base grass is. If you don't know, take a clump and go to local home depot or nursery 2. Based on type of grass, get a hose end attachment style sprayer weed killer. Make sure it is appropriate for your type of grass. Make sure to follow instructions on the bottle in terms of ti...
by JBTX
Wed Apr 14, 2021 11:50 pm
Forum: Investing - Theory, News & General
Topic: Why Does Anyone Listen To Paul Merriman?
Replies: 87
Views: 8407

Re: Why Does Anyone Listen To Paul Merriman?

I'm not sure I understand the allure of this guy. It looks like the "Ultimate Buy and Hold" portfolio has been getting its ass kicked since 2015. "Past performance is not indicative of..." I get it. But the 3-fund portfolio seems infinitely easier to manage and is starting to bl...
by JBTX
Wed Apr 14, 2021 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: How is your IRA held?
Replies: 7
Views: 1189

Re: How is your IRA held?

I’m not exactly sure what you are trying to accomplish, but if it is to delay distributions to lower the marginal tax bracket, I think with the rapid ramp up in trust tax brackets to the max federal income tax rate (income above $12,950 get you to the 37% marginal tax rate) the tax savings will be ...
by JBTX
Wed Apr 14, 2021 11:17 pm
Forum: Personal Investments
Topic: Son (20) opening a Roth—investment options?
Replies: 21
Views: 1219

Re: Son (20) opening a Roth—investment options?

My son opened a Roth IRA tonight at Vanguard with $1,000 he earned over the winter. I’m thinking ETFs are the way to go. 80% total stock and 20% international stock. Is this reasonable for a 20 year old? Do etfs automatically reinvest, with no fees? I honestly don't know. If not I'd probably find a...
by JBTX
Tue Apr 13, 2021 9:02 pm
Forum: Personal Investments
Topic: pay off 165k business property loan?
Replies: 16
Views: 1424

Re: pay off 165k business property loan?

I would absolutely not reduce retirement account contributions to pay down a 2.9% after tax business loan. If you have extra left over after full retirement contributions then paying down with that is fine. Keep in mind there are a lot of expectations of modest inflation so you may not be losing tha...
by JBTX
Tue Apr 13, 2021 7:07 pm
Forum: Investing - Theory, News & General
Topic: Is this the single worst time to be a passive investor
Replies: 73
Views: 9336

Re: Is this the single worst time to be a passive investor

Yet more nonsense along the lines of "this year will be the year of the stock picker"

There are ways to be a passive investor and not overweight S&p 500.
by JBTX
Tue Apr 13, 2021 6:21 pm
Forum: Investing - Theory, News & General
Topic: Cons of i bonds?
Replies: 113
Views: 11885

Re: Cons of i bonds?

I have been looking recently into i bonds and they seem like a decent deal at the moment. Higher interest than savings accounts plus inflation protection. What am I missing? You are missing that for most of us, the $10k per year limit ain't gonna cut it. Also, you cannot get the money for a year an...
by JBTX
Tue Apr 13, 2021 3:30 pm
Forum: Investing - Theory, News & General
Topic: Beginning to evaluate the holdings of Vanguard Target Retirement Funds
Replies: 138
Views: 8463

Re: Beginning to evaluate the holdings of Vanguard Target Retirement Funds

the ignorant get fleeced! Fleeced? Really? There was no bait and switch. Vanguard is fully transparent about what is in the funds and the glide paths. If you never bothered to look to see if it matched the kind of asset allocation you want, that's all on you. There was nothing dishonest going on. W...
by JBTX
Tue Apr 13, 2021 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage application denied due to large 401k contribution?s
Replies: 27
Views: 2217

Re: Mortgage application denied due to large 401k contribution?s

Hello, I just learned that my mortgage application has been denied because my 401k contributions have brought my AGI, and therefore my debt-to-income ration to 90% (aside from the mortgage, est. $750/month, my debt was a $60 credit card balance). The past 2 years I've had ~68k gross income and ~14k...
by JBTX
Tue Apr 13, 2021 2:49 pm
Forum: Investing - Theory, News & General
Topic: Beginning to evaluate the holdings of Vanguard Target Retirement Funds
Replies: 138
Views: 8463

Re: Beginning to evaluate the holdings of Vanguard Target Retirement Funds

I'm still a beginner in all of this but I was always under the impression that transitioning to bonds was a feature of all target date funds. Isn't the point to reduce you're overall risk as you approach retirement? Are there any retirement type funds like this that don't switch to a higher proport...
by JBTX
Tue Apr 13, 2021 2:46 pm
Forum: Investing - Theory, News & General
Topic: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“
Replies: 944
Views: 61523

Re: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“

After listening to some pro crypto podcasts my take is their primary arguments come down to

1. It is the first cryptocurrency and has staying power
2. Scarcity, defense against rampant expansion of fiat currencies.
by JBTX
Tue Apr 13, 2021 2:40 pm
Forum: Investing - Theory, News & General
Topic: International is in meltdown
Replies: 417
Views: 36258

Re: International is in meltdown

If we're going to have the international vs USA debate again for the umpteenth time, it would be nice to see some original opinions, rather than rehashing of the same old arguments all over again.... Basically the standard scripted responses are: 1. Jack said no international needed 2. But Vanguard...
by JBTX
Tue Apr 13, 2021 2:29 pm
Forum: Investing - Theory, News & General
Topic: Beginning to evaluate the holdings of Vanguard Target Retirement Funds
Replies: 138
Views: 8463

Re: Beginning to evaluate the holdings of Vanguard Target Retirement Funds

I began to really dig into the portfolio breakdown of my Vanguard Target Retirement funds and became very alarmed at what I found. SHAME ON ME FOR NOT KNOWING EXACTLY WHAT IS IN THEM - however I feel like they don't align with many of my personal investing philosophies: * I know whoever constructed...
by JBTX
Tue Apr 13, 2021 8:26 am
Forum: Personal Investments
Topic: Do brokers close accounts of angry customers?
Replies: 32
Views: 2724

Re: Do brokers close accounts of angry customers?

I can't recall getting really angry at a brokerage rep, but I've gotten angry at other customer service types. Over the years I've tried to modify my approach such that: 1. If it is a dumb policy I acknowledge that the employee did not make the dumb rule. 2. If the customer service rep seems less ca...
by JBTX
Tue Apr 13, 2021 2:26 am
Forum: Investing - Theory, News & General
Topic: Your bond fund should have barely enough for reasonable rebalancing. The rest of your fixed income should be in MYGAs.
Replies: 42
Views: 5586

Re: Your bond fund should have barely enough for reasonable rebalancing. The rest of your fixed income should be in MYGA

MYGAs (multi-year fixed annuities) offer dramatically higher yields than bond funds. Their earnings are tax deferred, even outside of IRAs. They are guaranteed both by insurance companies and by state governments. They're just incredible ! That being said, bond do funds have a single advantage over...
by JBTX
Tue Apr 13, 2021 2:15 am
Forum: Personal Finance (Not Investing)
Topic: HSA advice Jane Quinn How to Make Your Money Last
Replies: 62
Views: 5741

Re: HSA advice Jane Quinn How to Make Your Money Last

Her advice would have been applicable 10+ years ago. HSAs tended to nickel and dime you with fees and the investing options weren't great and also had expense ratios. One of the reasons I used to deplete them. Now there are better options.
by JBTX
Mon Apr 12, 2021 10:32 pm
Forum: Investing - Theory, News & General
Topic: Another 2.8% SWR Article Quoting Wade Pfau
Replies: 252
Views: 13971

Re: Another 2.8% SWR Article Quoting Wade Pfau

This is just amusing to me at this point. Didn't Bill Bengen just say the new SWR is around 5% a few months ago? Man oh man, this stuff changes on a whim! It's all just noise. Don't worry about it, no one knows what's gonna happen. Actually, Bengen and Pfau are looking at the same data and coming t...