Search found 103 matches

by Edward Joseph
Sun Dec 13, 2020 10:45 pm
Forum: Personal Investments
Topic: Anyone tried JEPI etf
Replies: 24
Views: 2527

Re: Anyone tried JEPI etf

I've been using it for a few months and it has done pretty much performed how I've expected it to perform. It has a very specific use in my short/intermediate term portfolio. It's actually my most aggressive position in this portfolio and I'm ok sacrificing some upside for the income. I'm pretty fa...
by Edward Joseph
Sun Dec 13, 2020 6:53 pm
Forum: Personal Investments
Topic: Anyone tried JEPI etf
Replies: 24
Views: 2527

Re: Anyone tried JEPI etf

I've been using it for a few months and it has done pretty much performed how I've expected it to perform. It has a very specific use in my short/intermediate term portfolio. It's actually my most aggressive position in this portfolio and I'm ok sacrificing some upside for the income. I'm pretty fam...
by Edward Joseph
Fri Aug 28, 2020 3:53 pm
Forum: Investing - Theory, News & General
Topic: Winklevoss: The Case for $500,000 Bitcoin
Replies: 349
Views: 24264

Re: Winklevoss: The Case for $500,000 Bitcoin

drk wrote: Fri Aug 28, 2020 2:14 pm
arcticpineapplecorp. wrote: Fri Aug 28, 2020 1:18 pm why not $1 million:
"A million dollars isn't cool. You know what's cool? A billion dollars."
Lol! “Drop the the. It’s cleaner.”
by Edward Joseph
Tue Jun 30, 2020 6:18 pm
Forum: Personal Investments
Topic: HSA and Asset Allocation
Replies: 6
Views: 740

Re: HSA and Asset Allocation

Inside my HSA, I keep about 1 year’s worth of my max out-of-pocket medical expenses in cash or something reasonably safe. The rest I allocate like I would my 401k.
by Edward Joseph
Mon Apr 13, 2020 12:16 pm
Forum: Personal Investments
Topic: Where to park a house fund?
Replies: 21
Views: 2040

Re: Where to park a house fund?

As someone whose been in a similar position, please don't reach for more return. Especially since you have a specific goal-even if the short timeline is now a little unclear. Trust me- the PAIN of losing a little principal (for your home purchase) is so much greater than than the JOY of squeezing ou...
by Edward Joseph
Mon Apr 13, 2020 7:16 am
Forum: Investing - Theory, News & General
Topic: How come an immediate annuity can pay a 60 year old 5.2% but if he had a 60/40 portfolio he can only take out 4% a year?
Replies: 60
Views: 4155

Re: How come an immediate annuity can pay a 60 year old 5.2% but if he had a 60/40 portfolio he can only take out 4% a y

Read up a bit on risk pooling and mortality credits. An insurance company can play on ‘both sides of the fence’. When they sell you Life Insurance and customers live long, it’s good for them but conversely bad for them if you own a SPIA and live beyond your life expectancy. If they sell you a SPIA a...
by Edward Joseph
Mon Apr 13, 2020 7:16 am
Forum: Investing - Theory, News & General
Topic: How come an immediate annuity can pay a 60 year old 5.2% but if he had a 60/40 portfolio he can only take out 4% a year?
Replies: 60
Views: 4155

Re: How come an immediate annuity can pay a 60 year old 5.2% but if he had a 60/40 portfolio he can only take out 4% a y

Read up a bit on risk pooling and mortality credits. An insurance company can play on ‘both sides of the fence’. When they sell you Life Insurance and customers live long, it’s good for them but conversely bad for them if you own a SPIA and live beyond your life expectancy. If they sell you a SPIA a...
by Edward Joseph
Sat Apr 11, 2020 5:15 pm
Forum: Investing - Theory, News & General
Topic: Blackrock vs Market Portfolios ?
Replies: 6
Views: 940

Re: Why Blackrock is outperforming Bogleheads ?

These aren’t perfectly even comparisons. In a highly volatile year, there’s also only 1-2% difference in the returns. Click in the “exposures” tab. Scroll down to look at all the pie charts and you’ll see the differences in all 3 portfolios that account for the performance difference. Notably, portf...
by Edward Joseph
Sat Apr 11, 2020 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Had trouble finding an easy-to-use Spending/Investment Tracking software. What's your favorite?
Replies: 19
Views: 1186

Re: Had trouble finding an easy-to-use Spending/Investment Tracking software. What's your favorite?

I’ve used Mint for over 10 years. Couldn’t live without it. It’ll automatically recognize spending and categorize it appropriately once you establish patterns and rules. Very little work goes into it once it’s up and running. (I just used it to easily investigate how much I spent on a laptop in 2015...
by Edward Joseph
Thu Apr 09, 2020 9:16 pm
Forum: Personal Consumer Issues
Topic: How to get Toilet Paper ? seriously.
Replies: 684
Views: 58249

Re: How to get Toilet Paper ? seriously.

Just figured this trick out 90 minutes ago. Go to the grocery store right before close. At my Giant Eagle, all the TP shelves were empty but they had some unopened cartons sitting out prepped for them to restock some shelves overnight. I opened the box myself and grabbed a 6 pack of Quilted Northern...
by Edward Joseph
Wed Apr 01, 2020 1:34 pm
Forum: Personal Consumer Issues
Topic: Online / Gun Dealer Recommendations
Replies: 101
Views: 9390

Re: Online / Gun Dealer Recommendations

This is all good advice. I'll just add, good luck finding quality home defense ammunition. I own some lower-quality rounds that I use for the range but I wanted to buy some better-quality home defense ammunition for my Glock 19 I was out of. Not that I searched extensively, but some of the more typi...
by Edward Joseph
Wed Mar 25, 2020 2:22 pm
Forum: Personal Investments
Topic: Help with Variable Annuity and M&E costs
Replies: 5
Views: 224

Re: Help with Variable Annuity and M&E costs

Yes, the M&E costs will still apply. They typically won’t be listed on the quarterly statement. You’ll have to call the insurance carrier and attain a copy of the contract package or a summary page. The Advisor may also able to provide this to you as well.
by Edward Joseph
Wed Mar 11, 2020 4:05 am
Forum: Personal Finance (Not Investing)
Topic: Unmarried home ownership, joining his preexisting purchase
Replies: 72
Views: 3838

Re: Unmarried home ownership, joining his preexisting purchase

I’ve cohabitated with a significant other before. I owned the place while she paid me “rent”. As others suggested DO NOT legally tie yourself to this without being married. In my situation, she was legally a tenant and paid me about 1/3 the rent what she would pay on her own place. Plus, we split th...
by Edward Joseph
Wed Jan 22, 2020 6:46 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 1273
Views: 143260

Re: Jack Bogle - Two Fund Portfolio

Jack Bogle's Words of Wisdom: "Never think you know more than the market. Nobody does." -- "In my view, owning the market and holding it forever is the ultimate strategy for winners." Unless that "market" is called the All World Cap Index and includes Nestle as one of ...
by Edward Joseph
Sun Oct 20, 2019 9:53 am
Forum: Personal Consumer Issues
Topic: Wallets [Do you carry a wallet?]
Replies: 102
Views: 15082

Re: Wallets [Do you carry a wallet?]

I use a slim wallet - Tom Bihn Nik's wallet. Perfect for carrying a few cards and a little cash. https://www.tombihn.com/products/minimalist-wallets You should ask for a commission. I've been looking for a new minimalist wallet and I just picked one of these up. (Version 3 in Black.) Thanks for sha...
by Edward Joseph
Sun Oct 20, 2019 9:13 am
Forum: Personal Consumer Issues
Topic: Wallets [Do you carry a wallet?]
Replies: 102
Views: 15082

Re: Wallets [Do you carry a wallet?]

Remember that the wallet is the purse for the man. It is a convenient place to store everything you could possibly need. Driving license SS card Amex Visa MC Diners card Discover Chevron Shell Costco AAA AARP Work badge Health insurance Prescription med card Grocery club cards for Kroger,Costco, et...
by Edward Joseph
Tue Oct 15, 2019 2:52 pm
Forum: Personal Consumer Issues
Topic: House centipedes in an apartment
Replies: 20
Views: 1970

Re: House centipedes in an apartment

Are you on the first floor? Go buy some insect-barrier spray at Home Depot or Lowe's and spray all along the edges of the exterior of your unit AND the interior floors of your unit. (If you have a pet, make sure its pet friendly.) This will definitely help. If it doesn't help and you want to spend ...
by Edward Joseph
Tue Oct 15, 2019 2:50 pm
Forum: Personal Investments
Topic: A friend was offered an annuity by Chase
Replies: 31
Views: 2770

Re: A friend was offered an annuity by Chase

Ok, cool. So an annuity is not necessarily a terrible thing. I will just ask him what the fee is and maybe google to see if it is competitive. They are going to tell him, there is no fee. But that is not exactly true. The return on the annuity will be affected by the fees the annuity company charge...
by Edward Joseph
Mon Sep 16, 2019 7:23 am
Forum: Personal Consumer Issues
Topic: House centipedes in an apartment
Replies: 20
Views: 1970

Re: House centipedes in an apartment

Are you on the first floor? Go buy some insect-barrier spray at Home Depot or Lowe's and spray all along the edges of the exterior of your unit AND the interior floors of your unit. (If you have a pet, make sure its pet friendly.) This will definitely help. If it doesn't help and you want to spend a...
by Edward Joseph
Fri Sep 13, 2019 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Whistleblowing / Going Rogue at Work
Replies: 122
Views: 7076

Re: Whistleblowing / Going Rogue at Work

greg24 wrote: Fri Sep 13, 2019 11:05 am 50% chance of promotion
50% chance of firing

are you feeling lucky?
I respectfully disagree. The way I see it...
5% Promotion
45% Status Quo (but wants to put a face to the email)
50% Steps to remove/fire

I really don't see any big upside in meeting.
by Edward Joseph
Tue Aug 06, 2019 7:55 am
Forum: Personal Consumer Issues
Topic: Up State New York speeding ticket for a non-New York resident.
Replies: 27
Views: 3875

Re: Up State New York speeding ticket for a non-New York resident.

This happened to me. I received a ticket outside of Buffalo. I remember calling the court in the jurisdiction that the ticket was in. The clerk just verbally told me what the fine would be. I could have sworn the phone number was on the ticket. If not, I may have just google searched the court's pho...
by Edward Joseph
Sat Aug 03, 2019 7:46 am
Forum: Personal Finance (Not Investing)
Topic: If I have HSA at work can I open a separate HSA through Fidelity?
Replies: 10
Views: 1229

Re: If I have HSA at work can I open a separate HSA through Fidelity?

Yes. I did this earlier this year. My work has an HSA from another company but I also opened a fidelity HSA and funded it at tax time so that my total contributions for 2018 were maxed out. As pointed out, you can only fund them in aggregate by the total allowable amount for the year. Also, there is...
by Edward Joseph
Wed Jul 17, 2019 11:15 am
Forum: Personal Consumer Issues
Topic: Would you pay that much for parking?
Replies: 26
Views: 2306

Re: Would you pay that much for parking?

I've always lived in snowy areas. I also got to a point in my life when I decided I was too old to scrape ice and brush snow off my car before work in the mornings. (Especially in dress clothes.) I'd pay it. Non-covered parking is a deal breaker for me at this point in my life.
by Edward Joseph
Sun Jul 07, 2019 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Prenuptial for future son-in-law - RESOLVED
Replies: 46
Views: 3049

Re: Prenuptial for future son-in-law

I think this will be very strange. What exactly are you trying to protect with the prenup? The way I understand it, if he incurs the student loan debt before the marriage (this situation) it is not considered marital debt. If they divorce all the student loan debt stays with him. From a practical st...
by Edward Joseph
Fri Jun 28, 2019 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Managing Debt - Tracking & Analysis
Replies: 20
Views: 1975

Re: Managing Debt - Tracking & Analysis

I don't have any debt but I use mint.com. It's a great tool for a number things personal finance related including debt analysis. Its sort of an aggregation tool to view your debts at banks, finance companies, etc. However, it won't show you an amortization schedule or help with early payoff options...
by Edward Joseph
Tue Jun 18, 2019 6:26 am
Forum: Personal Finance (Not Investing)
Topic: Waiting to prepay mortgage until you can pay the whole thing off?
Replies: 28
Views: 3725

Re: Waiting to prepay mortgage until you can pay the whole thing off?

1) This actually results in immediate cash flow benefits (whereas steadily prepaying your mortgage does not until the mortgage is paid off) You can possibly recast the mortgage after making a large principal payment and without changing any terms of the loan, lower your P&I payment going forwar...
by Edward Joseph
Mon May 27, 2019 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Determining how I rank relative to my Metro Area? (Net Worth, Income)
Replies: 8
Views: 2051

Determining how I rank relative to my Metro Area? (Net Worth, Income)

Are there any resources out there that help me determine how my income or net worth ranks compared to my specific metro area or city? I live in a city which has a price index of about 90 (USA average is 100). I looked at the Bureau of Labor statistics site but didn't have any luck. I know I can easi...
by Edward Joseph
Sun May 12, 2019 6:02 am
Forum: Investing - Theory, News & General
Topic: Is an annuity tax-free if purchased with insurance pay-out?
Replies: 4
Views: 644

Re: Is an annuity tax-free if purchased with insurance pay-out?

In this case, since the annuity would be purchased with after-tax money, only the "gains" are taxable. If the annuity is a deferred VA, the gains come out first (LIFO) and are taxed as ordinary income. If it's a SPIA, the gains are also taxed as OI, however they are spread out over her lif...
by Edward Joseph
Wed Apr 03, 2019 8:36 am
Forum: Personal Investments
Topic: Lifestrategy vs 100% Stock in HSA
Replies: 18
Views: 1768

Re: Lifestrategy vs 100% Stock in HSA

I only slightly agree with the other comments. Unless you'll never touch these funds for health expenses, you still may need to access part of the HSA for medical expenses as early as tomorrow. In my opinion, you should keep approximately 1 year's worth of out-of-pocket, max health care expenses in ...
by Edward Joseph
Wed Mar 20, 2019 3:12 pm
Forum: Personal Investments
Topic: Weed stocks?
Replies: 36
Views: 2927

Re: Weed stocks?

greg24 wrote: Wed Mar 20, 2019 1:33 pm Wait for the S&P420 Index Fund.
:thumbsup That's pretty good!
by Edward Joseph
Wed Mar 20, 2019 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Personal HSA Account Transfers
Replies: 7
Views: 564

Re: Personal HSA Account Transfers

I'm in the middle of this right now. I just mailed my Transfer ppwk to Fidelity. So far, it's been an incredibly easy process. Hopefully everything will transfer over correctly. The Asset Allocation was my biggest question. Taking some other feedback, I'm going to keep 1-2 years of max, annual out-...
by Edward Joseph
Wed Mar 20, 2019 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Personal HSA Account Transfers
Replies: 7
Views: 564

Re: Personal HSA Account Transfers

I'm in the middle of this right now. I just mailed my Transfer ppwk to Fidelity. So far, it's been an incredibly easy process. Hopefully everything will transfer over correctly. The Asset Allocation was my biggest question. Taking some other feedback, I'm going to keep 1-2 years of max, annual out-o...
by Edward Joseph
Fri Mar 15, 2019 8:20 am
Forum: Personal Consumer Issues
Topic: 2 days in New York City
Replies: 57
Views: 4848

Re: 2 days in New York City

Spent a few days there last summer near Columbus Circle (lower edge of Central Park). This question will mostly depend on your interests. I stayed in Manhattan and didn't venture into the other boroughs. -Museum of Modern Art -Natural History Museum -9/11 Memorial (bring tissues) -WTC/downtown -St. ...
by Edward Joseph
Thu Jan 24, 2019 12:23 pm
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 626
Views: 85784

Re: What lifestyle creep made you happier?

Custom fitted suits.
by Edward Joseph
Thu Jan 17, 2019 5:23 pm
Forum: Personal Investments
Topic: Very short term cash - where to put it
Replies: 13
Views: 2764

Re: Very short term cash - where to put it

There's no reasonable reason to hold it anywhere other than the savings account at 1-2 Banks for FDIC insurance. Vanguard Prime money market would work also but not really worth the effort IMO for no FDIC insurance and a few extra basis points.
by Edward Joseph
Thu Jan 17, 2019 5:16 pm
Forum: Personal Consumer Issues
Topic: What shelf liquor and your favorite cocktails?
Replies: 45
Views: 3735

Re: What shelf liquor and your favorite cocktails?

My two go-to's (although reasonably priced)....

Hendricks Gin & tonic w/lime
Laphroaig Scotch - neat
by Edward Joseph
Sat Dec 29, 2018 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Mint Experts - Tips & Tricks
Replies: 6
Views: 937

Re: Mint Experts - Tips & Tricks

How is everyone handling savings - for example additional mortgage principal payments? You can label it mortgage but then it shows up as spending or you can label it transfer or you can set up a category known as savings. What seems to work best for everyone? Never paid extra on a mortgage, but whe...
by Edward Joseph
Sat Dec 29, 2018 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Mint Experts - Tips & Tricks
Replies: 6
Views: 937

Re: Mint Experts - Tips & Tricks

When tracking expenses, I want everything to show up as either 1 of 2 Primary categories... 1. Needs, or 2. Wants Mint won’t let me edit the primary category headings so I have to use 2 that they give me.. 1. Bills & Utilities (represents “needs”) 2. Shopping (represents “wants”) Under each of t...
by Edward Joseph
Mon Dec 10, 2018 4:49 pm
Forum: Personal Consumer Issues
Topic: [Anyone drop cable for YouTube TV?]
Replies: 139
Views: 14478

Re: [Anyone drop cable for YouTube TV?]

Literally signed up two weeks ago and love it so far. Cancelled my cable and turned in all my hardware last week. It unfortunately not available in every market though so be aware. I'm still learning and navigating the DVR services on it. I'm streaming it on a couple Roku streaming stick+ devices. I...
by Edward Joseph
Wed Dec 05, 2018 6:07 pm
Forum: Investing - Theory, News & General
Topic: The overwhelming majority lose in a zero-sum trading game.
Replies: 39
Views: 5962

Re: The overwhelming majority lose in a zero-sum trading game.

Are people here still tempted by active funds? I thought that most Bogleheads would prefer index funds to active funds without having to be convinced. Probably the biggest drawback to "active" funds are the high costs. Bogleheads do strongly support index funds predominantly, however Vang...
by Edward Joseph
Wed Nov 21, 2018 6:50 am
Forum: Personal Investments
Topic: Vanguard Target Retirement/Life Strategy vs 4 Fund DIY balancing
Replies: 24
Views: 4120

Re: Vanguard Target Retirement/Life Strategy vs 4 Fund DIY balancing

Taylor, Thanks for responding again to my query about your opinion of another respondent to my post, Edward Joseph, who described the plan he has set up for his parents, who are about my age of 68. His plan of "increasing equity glide path", which I have just learned about from him for th...
by Edward Joseph
Tue Nov 20, 2018 11:12 pm
Forum: Investing - Theory, News & General
Topic: Regulators are investigating whether Bitcoin was propped up illegally
Replies: 30
Views: 2230

Re: Regulators are investigating whether Bitcoin was propped up illegally

-77% drop since last December. The US stock market dropped -79% after the 1929 crash, but it took it three years to fall that far. Bitcoin did it in less than a year. https://imgur.com/IgAWv6U.png By the way, where is the Bitcoin ETF that the Winklevoss twins have been promising us since 2014? Don’...
by Edward Joseph
Sun Nov 18, 2018 7:01 pm
Forum: Personal Investments
Topic: Vanguard Target Retirement/Life Strategy vs 4 Fund DIY balancing
Replies: 24
Views: 4120

Re: Vanguard Target Retirement/Life Strategy vs 4 Fund DIY balancing

I'd appreciate any help on making these decisions: 1. between automatic daily rebalancing funds, and DIY 3-4 Fund Portfolio 2. Choosing the "4 yrs Emergency expenses" backup described above as part of either plan as a safety net against sequence risk early in retirement. I strongly prefer...
by Edward Joseph
Tue Nov 13, 2018 12:39 pm
Forum: Investing - Theory, News & General
Topic: [Fidelity Health Savings Account Mega-Thread]
Replies: 1099
Views: 139952

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

Do you need to be separated from service to transfer HSA funds to someone like Fidelity (like you do most 401k plans)? I'd like to keep contributing to my current employer's HSA, however move the existing assets to a better fund company like Fidelity.
by Edward Joseph
Sat Oct 06, 2018 7:13 am
Forum: Personal Investments
Topic: Variable Annuities - Already Commited, Now What?!?!
Replies: 5
Views: 911

Re: Variable Annuities - Already Commited, Now What?!?!

All three of the Annuity company's you mentioned will have a form you fill out requesting the RMD's. They'll calculate the numbers for you. Contact them, fill the 3 forms out and send them back in. They'll also ask for banking info if you want direct deposit or a check mailed. Unless your Father mad...
by Edward Joseph
Thu Oct 04, 2018 11:16 am
Forum: Personal Consumer Issues
Topic: Black suit with dark brown shoes?
Replies: 59
Views: 4606

Re: Black suit with dark brown shoes?

I understand not wanting to haul an extra pair of shoes back and forth. FedEx them to yourself at the hotel and then home afterwards. It's certainly an added expense but I've done that with golf attire (shoes/clothes) when I try and travel light for business.
by Edward Joseph
Tue Sep 25, 2018 12:13 pm
Forum: Personal Consumer Issues
Topic: Is there any point to keeping old X-rays?
Replies: 8
Views: 1403

Re: Is there any point to keeping old X-rays?

Can't speak to chest X-rays, but I do have a recent digital file of the x-rays of my teeth & jaw I got from the dentist. It's morbid, but I gave it to my parents in the incredibly unlikely event they were needed to identify my body. I guess I've just watched too much C.S.I. over the years. :)
by Edward Joseph
Thu Sep 06, 2018 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: How Big of a Mortgage Should We Get?
Replies: 41
Views: 3360

Re: How Big of a Mortgage Should We Get?

Just pay cash and be done with it. You can always take out a loan (or line of credit) off the house anytime you'd like if you start to get uncomfortable and need cash. You'll rebuild your savings & taxable investments backup in no time. Isn't a line of credit only off your principal of your loa...
by Edward Joseph
Thu Sep 06, 2018 11:30 am
Forum: Personal Finance (Not Investing)
Topic: How Big of a Mortgage Should We Get?
Replies: 41
Views: 3360

Re: How Big of a Mortgage Should We Get?

Just pay cash and be done with it. You can always take out a loan (or line of credit) off the house anytime you'd like if you start to get uncomfortable and need cash. You'll rebuild your savings & taxable investments backup in no time.
by Edward Joseph
Thu Aug 09, 2018 4:44 am
Forum: Investing - Theory, News & General
Topic: HBO Hard Knocks Clip - Compound Interest Clip
Replies: 10
Views: 1563

Re: HBO Hard Knocks Clip - Compound Interest Clip

Browns fan here so I am especially enjoying this year’s season of Hard Knocks. The only thing I didn’t really like is that the other players seems to be under the impression that they can get 10% interest in the bank. (May have been the clip’s editing though.) Other than that, good overall message a...