Search found 1236 matches

by TheDDC
Mon Apr 12, 2021 11:26 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14376
Views: 1108333

Re: U.S. stocks continue to soar!

Not a prediction, a medium-term forecast; A return to the 2020 low - how can this be unthinkable? - would be a drawdown of 46%. Retail investors are the most committed since 2000. The maximum number of people will be sucked in, then problems will be uncovered in the Fall accompanied with an almight...
by TheDDC
Tue Apr 06, 2021 2:39 pm
Forum: Investing - Theory, News & General
Topic: 30 Years and 100% VTI
Replies: 111
Views: 12407

Re: 30 Years and 100% VTI

If you truly would not make any changes at all, I would stick with VTI/VXUS 75/25. Stay away from fixed income or bonds.

-TheDDC
by TheDDC
Mon Apr 05, 2021 2:18 pm
Forum: Personal Investments
Topic: 2021 Check Up. 31 Years Old. NW $5M.
Replies: 48
Views: 5837

Re: 2021 Check Up. 31 Years Old. NW $5M.

Hi everyone! I hope folks are staying safe during the pandemic. I thought it was a good time to go through my portfolio and see if anything needs some tinkering. I'm adding some screenshots of my portfolio details below. Overall I'd love a gut check on if there's anything out of the ordinary that n...
by TheDDC
Sun Apr 04, 2021 9:15 pm
Forum: Personal Consumer Issues
Topic: High spenders what do you spend on?
Replies: 252
Views: 24414

Re: High spenders what do you spend on?

VTSAX - $50-60k per year
FSKAX - $19,500 per year

Yeah. We have high priced tastes.

-TheDDC
by TheDDC
Sat Apr 03, 2021 5:57 pm
Forum: Personal Investments
Topic: Large sum -- to DCA or not to DCA?
Replies: 120
Views: 9324

Re: Large sum -- to DCA or not to DCA?

You already have a good size fund in taxable brokerage accounts. This isn’t your first rodeo. I would just lump sum it into VTSAX/VTIAX and skip the bonds while you’re at it. Bonds shouldn’t be in a taxable brokerage account anyway. Ride the VTSAX/VTIAX returns and use it as a savings account to dip...
by TheDDC
Sat Apr 03, 2021 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice for high schooler with HFA & difficulty with math
Replies: 65
Views: 6006

Re: Career advice for high schooler with HFA & difficulty with math

Yeah... She’s going to have to get over the social awkwardness factor if she wants to excel in any large part, even those “back of the house” IT type jobs. These days interfacing with people in some form is just a huge part in getting ahead in most careers. Most lucrative jobs require some sort of h...
by TheDDC
Tue Mar 30, 2021 4:51 pm
Forum: Personal Investments
Topic: Good Pension and asset allocation
Replies: 31
Views: 2881

Re: Good Pension and asset allocation

I recommend 100% VTSAX/VTIAX. Don't make it more difficult than it already is. You already have the pension. I am in the same boat and plan to keep assets at 100/0 upon retirement.

-TheDDC
by TheDDC
Mon Mar 29, 2021 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: How quickly did you receive your 2020 tax refund?
Replies: 130
Views: 10865

Re: How quickly did you receive your 2020 tax refund?

E-filed on March 6, received refund (via paper check) in mailbox on March 23.

-TheDDC
by TheDDC
Tue Mar 16, 2021 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA and Medicare billing
Replies: 7
Views: 644

Re: IRMAA and Medicare billing

It would behoove anyone to make sure one falls under IRMMA limits. Don't pay the stupid tax.

Yes, appeal appeal appeal, then do better next year.

-TheDDC
by TheDDC
Sun Feb 07, 2021 2:31 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14376
Views: 1108333

Re: U.S. stocks continue to soar!

In the UK we are covered by (last time I checked) £80k by the FCA should a provider go south. I am not sure if the U.S is covered by something similar. With this in mind how many people here spread the risk across various providers? Or are many mostly unconcerned, for the chances of Vanguard (as an...
by TheDDC
Sun Feb 07, 2021 2:26 pm
Forum: Personal Investments
Topic: Rollover IRA - 1.25% Management fee too much?
Replies: 22
Views: 1024

Re: Rollover IRA - 1.25% Management fee too much?

Hi, I am starting to take more of an active role in my investments. I have a financial advisor who seems to be doing a good job with my investments. I did finally start to look at one investment with him which is a rollover IRA. It is called the American Funds PMC Active Core Portfolio - Moderate g...
by TheDDC
Sun Feb 07, 2021 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: What's your highest limit credit card?
Replies: 98
Views: 6085

Re: What's your highest limit credit card?

$27,500 on Amex. I had two different Amex cards each with a credit limit each under $20k. When I cancelled one they gave me the option to combine the credit lines into one card. I have never had to apply for additional credit for Amex at all.

-TheDDC
by TheDDC
Fri Feb 05, 2021 8:10 pm
Forum: Investing - Theory, News & General
Topic: Does it make sense to buy houses worth $3M and pay almost $50K each year in property taxes
Replies: 61
Views: 7710

Re: Does it make sense to buy houses worth $3M and pay almost $50K each year in property taxes

50k in property taxes just to live in a place you may own free and clear is just stupid and a poor investment. Over here in non-CA world (since clearly CA might as well be a different country) we had the same discussions about $16k in property tax recently when looking at nearby houses. I don’t care...
by TheDDC
Mon Feb 01, 2021 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Quest Labs and Medicare-require credit card before drawing blood?
Replies: 26
Views: 1540

Re: Quest Labs and Medicare-require credit card before drawing blood?

I would have hubby ask (interrogate) doc into why this is done every six months. This seems unnecessary.

-TheDDC
by TheDDC
Mon Feb 01, 2021 11:17 am
Forum: Personal Investments
Topic: Investing mid-term for a house
Replies: 9
Views: 889

Re: Investing mid-term for a house

Otherwise you can do something like 20 bonds and 80% stocks. Ouch that is supper aggressive. You probably mean 20% stocks and 80% bonds. And I would probably go as low as 10% stocks and 90% CDs with hope that this 10% will help me beat the inflation which at least it did in the past 40 years: https...
by TheDDC
Sun Jan 31, 2021 9:33 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22921
Views: 3006962

Re: U.S. stocks in free fall

tiburblium wrote: Sun Jan 31, 2021 6:50 pm I am 100% invested in stocks and I am happy to finally see some selling last week, the insane non-stop run up gave me anxiety
Same here. You know I think I'll go with that one as well. Thanks.

-TheDDC
by TheDDC
Thu Jan 28, 2021 11:27 pm
Forum: Investing - Theory, News & General
Topic: Any value left?
Replies: 20
Views: 1827

Re: Any value left?

https://www.multpl.com/shiller-pe This is pretty outrageous. I am trying to stay boglehead-compliant, but I am unwilling to hold equities at these prices. Or bonds. Or cash. Or crypto. Strongly considering significant allocation to commodities or HEAVILY overweighting developing markets, neither of...
by TheDDC
Thu Jan 28, 2021 11:18 pm
Forum: Personal Consumer Issues
Topic: Costco Citi Visa annual reward; Executive Member annual reward redemptions
Replies: 49
Views: 8615

Re: Costco Citi Visa annual reward; Executive Member annual reward redemptions

Double mask, wear gloves, go in when they first open because there are no lines at the cashier and get it done. Triple mask, wear a hazmat suit just to be safe. Seriously people... Go out and SPEND MONEY. We needs more stimulatin'! Don't wait for your orders from headquarters. My Costco is back to ...
by TheDDC
Thu Jan 28, 2021 11:16 pm
Forum: Personal Consumer Issues
Topic: Costco Citi Visa annual reward; Executive Member annual reward redemptions
Replies: 49
Views: 8615

Re: Costco Citi Visa annual reward; Executive Member annual reward redemptions

I just take my rewards certificate to the membership services desk and they it all out in cash. Mine is usually between $200-300. The whole point of this post is that the policy allowing this for the Costco Executive check has changed in 2021. See the quoted policy upthread. I'll probably try it an...
by TheDDC
Thu Jan 28, 2021 10:00 pm
Forum: Personal Consumer Issues
Topic: Costco Citi Visa annual reward; Executive Member annual reward redemptions
Replies: 49
Views: 8615

Re: Costco Citi Visa annual reward; Executive Member annual reward redemptions

I just take my rewards certificate to the membership services desk and they it all out in cash. Mine is usually between $200-300. The whole point of this post is that the policy allowing this for the Costco Executive check has changed in 2021. See the quoted policy upthread. I'll probably try it an...
by TheDDC
Thu Jan 28, 2021 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: steps to become independent contractor?
Replies: 48
Views: 2318

Re: steps to become independent contractor?

Thanks for the replies so far everybody. Been doing some reading and considering forming a single member LLC...I am confused about residency rules. Currently living in state A, but planning on moving to state B later this year...with which state should the LLC be registered? Does it matter? Thanks....
by TheDDC
Mon Jan 18, 2021 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Passive income higher than expenses
Replies: 10
Views: 1361

Re: Passive income higher than expenses

Keep it invested 100/0. It doesn't matter whose account your park it in. A 529 or Roth gift would be nice.

-TheDDC
by TheDDC
Mon Jan 18, 2021 7:01 pm
Forum: Personal Investments
Topic: Car note ending, saving for next car
Replies: 29
Views: 2789

Re: Car note ending, saving for next car

You should be building wealth in a way that you are not worried about a blip in the market for your "big ticket item" savings. When you get to six figures in a taxable account invested in good mutual funds after filling up your tax advantaged options you are then at the point where a marke...
by TheDDC
Sun Jan 17, 2021 9:29 pm
Forum: Investing - Theory, News & General
Topic: What Does the Current CAPE Ratio Mean for Asset Allocation?
Replies: 15
Views: 1329

Re: What Does the Current CAPE Ratio Mean for Asset Allocation?

CAPE is pointless for buy and hold investors. I ignore it. My AA is 100/0 with 75/25 US/Intl allocation.

-TheDDC
by TheDDC
Sun Jan 17, 2021 9:09 pm
Forum: Personal Consumer Issues
Topic: Real reviews of Gas Hot water heaters
Replies: 31
Views: 2281

Re: Real reviews of Gas Hot water heaters

I have a gas tankless demand-based system. I’m on my second. I would not go back to a silly tank.

-TheDDC
by TheDDC
Sat Jan 16, 2021 5:43 pm
Forum: Investing - Theory, News & General
Topic: Young investors: don’t take unnecessary risk with aggressive and concentrated allocations
Replies: 205
Views: 13712

Re: Young investors: don’t damage long term returns with aggressive and concentrated allocations

100/0 in a 75/25 VTSAX/VTIAX AA is aggressive enough for me, and it’s not really even “aggressive” in the sense that the OP is referring to. Start out investing in the broad market via passive funds, no fixed income, in retirement portfolio, when you are young. The stay the course. Ride the market r...
by TheDDC
Mon Jan 11, 2021 12:01 am
Forum: Investing - Theory, News & General
Topic: Aggresiveness of portfolio if you have a pension?
Replies: 27
Views: 2654

Re: Aggresiveness of portfolio if you have a pension?

Pension+SS will be full salary replacement at retirement for me in 18-20 years. A lot could happen until then if I were to move to the private sector, though I am not concerned about the funding side of the equation as I have a state pension and this is constitutionally protected property as govt pe...
by TheDDC
Sun Jan 10, 2021 11:58 pm
Forum: Investing - Theory, News & General
Topic: Lose $500k quickly
Replies: 22
Views: 4713

Re: Lose $500k quickly

Yep, last year worked. On the other hand, holding through the 1929 crash through the 1930s or buying at the peak in the 1960s and holding through the 1970s or maybe we stagnate like Japan and having to spend out of the portfolio hurts a lot. The performance of the last year may not reflect future r...
by TheDDC
Sun Jan 10, 2021 7:18 pm
Forum: Investing - Theory, News & General
Topic: Lose $500k quickly
Replies: 22
Views: 4713

Re: Lose $500k quickly

I believe that one of the major tenet's on the Forum is to never have less then 25% in stock. Assume a person is 65 years of age. Spouse is 65 as well. No debt . Average health. SS/Pension will cover 50% of his and spouse anticipated retirement expenses. Person has 2 million in cash and short term ...
by TheDDC
Tue Jan 05, 2021 2:23 pm
Forum: Personal Consumer Issues
Topic: USPS is incredibly fast!
Replies: 163
Views: 11694

Re: USPS is incredibly fast!

Still waiting for a check to arrive from someone 30 miles away - dropped in the mail early December.

-TheDDC
by TheDDC
Mon Jan 04, 2021 11:15 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22921
Views: 3006962

Re: U.S. stocks in free fall

alfaspider wrote: Mon Jan 04, 2021 11:08 am
retiringwhen wrote: Mon Jan 04, 2021 11:07 am
alfaspider wrote: Mon Jan 04, 2021 11:04 am This is what I get for making my lump sum 2021 Backdoor Roth contribution at market open for the year :oops:
Isn't it a good thing to buy on a down day?
VTI was up modestly at market open when the trade executed. It's down almost 2% now.
Another reason to dislike ETFs.

-TheDDC
by TheDDC
Sun Jan 03, 2021 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Ways of saving for a house
Replies: 25
Views: 1452

Re: Ways of saving for a house

You will also need to pay extremely high property taxes on a house in that range. You’re going to have a $1000+ monthly tax bill while you live in that house. Your annual insurance will probably be in the area of $1500-2000. This seems like a bad investment unless you are prepared to pay cash or clo...
by TheDDC
Sat Jan 02, 2021 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Coming up with mortgage down payment
Replies: 74
Views: 4436

Re: Coming up with mortgage down payment

Regarding waiting: I don't agree. Wait for what? Housing grew at >10% last year, and more than 5% each year in the past 5 (excluding 2019). We paid down debt, saved for retirement, increased our income by 25% and saved ~$30k for emergencies, and now we are priced out of the house we really want and...
by TheDDC
Sat Jan 02, 2021 12:11 am
Forum: Personal Investments
Topic: Very confused about choosing between traditional & roth 401k
Replies: 143
Views: 8386

Re: Very confused about choosing between traditional & roth 401k

ofthewoods wrote: Sat Jan 02, 2021 12:08 am Great points, thank you.
Happy to help. I also edited my above post to include a direct link to the IRS info on this, as well the minimum % of income that medical expenses must exceed in order to deduct.

-TheDDC
by TheDDC
Fri Jan 01, 2021 11:59 pm
Forum: Personal Investments
Topic: Very confused about choosing between traditional & roth 401k
Replies: 143
Views: 8386

Re: Very confused about choosing between traditional & roth 401k

We are 30. 2020 was the first year we've maxed our 401ks and IRAs. Our plan is to continue doing so but we are also looking to move and buy a house in the near future which may impact our ability to max slightly. That would be a benefit of traditional 401k contributions - more cash in pocket to thr...
by TheDDC
Fri Jan 01, 2021 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stick with current job or move on?
Replies: 64
Views: 4417

Re: Should I stick with current job or move on?

This is unnecessarily snarky and truly ill-informed. OP is perfectly happy making a good wage, has stated such. 60k is more than enough, though maybe not for you. The reality is you and others continue to make the case that unless one makes six figures, they are "undervalued". OP is even ...
by TheDDC
Fri Jan 01, 2021 11:34 pm
Forum: Personal Investments
Topic: Very confused about choosing between traditional & roth 401k
Replies: 143
Views: 8386

Re: Very confused about choosing between traditional & roth 401k

I have a pension which will replace 87.5% of my salary upon retirement. I am in the 22% bracket and a flat 3.07% state income tax. I can retire in 18 years. I am eligible for SS, and SS income will be taxed at 22% bracket. If I add in RMDs or conversions from a traditional IRA/403b, this pushes my ...
by TheDDC
Fri Jan 01, 2021 10:47 pm
Forum: Personal Investments
Topic: Need to Re Balance....it's tough!!
Replies: 25
Views: 2094

Re: Need to Re Balance....it's tough!!

If the market keeps going up, I'll try not to second guess myself and wish that I hadn't rebalanced. This is why it's important to have a plan. If you are just following your plan, you won't be second-guessing the action of rebalancing. You might question the plan itself, but that's a different sto...
by TheDDC
Fri Jan 01, 2021 10:42 pm
Forum: Personal Investments
Topic: Very confused about choosing between traditional & roth 401k
Replies: 143
Views: 8386

Re: Very confused about choosing between traditional & roth 401k

I have a pension which will replace 87.5% of my salary upon retirement. I am in the 22% bracket and a flat 3.07% state income tax. I can retire in 18 years. I am eligible for SS, and SS income will be taxed at 22% bracket. If I add in RMDs or conversions from a traditional IRA/403b, this pushes my i...
by TheDDC
Fri Jan 01, 2021 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stick with current job or move on?
Replies: 64
Views: 4417

Re: Should I stick with current job or move on?

Consider you are getting advice to leave and take a six figure job from folks who are overpaid and over privileged. Yes, exactly that. The Boglehead career bubble is nothing you want to pine over. This is not a representative forum for someone coming from a blue collar background as you describe you...
by TheDDC
Fri Jan 01, 2021 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stick with current job or move on?
Replies: 64
Views: 4417

Re: Should I stick with current job or move on?

Negotiate work from home with current employer and stay. That’s good money right there, neglecting what those living in a make believe Bogleheads bubble say. I would not spend that much time in a car daily unless I were getting paid for it. Are you getting paid for time on the road? A systems engine...
by TheDDC
Thu Dec 31, 2020 3:15 pm
Forum: Personal Investments
Topic: Estate planning resources for expected loss of parent
Replies: 13
Views: 961

Re: Estate planning resources for expected loss of parent

I'm sorry that you are going through this. Having a close loved one who also went through a stage 4 cancer battle and lost (no thanks to "oncologists"), I can imagine what you are going through. My advice is to take a step back and don't make any rash decisions. I'm having a hard time unde...
by TheDDC
Wed Dec 30, 2020 8:06 pm
Forum: Personal Investments
Topic: Expected real rate of return
Replies: 134
Views: 7020

Re: Expected real rate of return

I expect nominal returns of 10+%, the historic market average, invested at 100/0. Real would be the cost of inflation deducted, so typically 7-9% real. I don’t invest with the expectation of getting crap returns as some here apparently do.

-TheDDC
by TheDDC
Wed Dec 30, 2020 6:30 pm
Forum: Personal Investments
Topic: Mom's Finances
Replies: 22
Views: 2462

Re: Mom's Finances

no, she just received that amount as a payout from my dad dying unexpectedly. She is not working and only needs about $40K per year to cover expenses Okay got it. Sorry I misread that. Glad to see she is keeping expenses low, generally. I would keep 1-2 years of expenses (80k) in cash in a boring m...
by TheDDC
Wed Dec 30, 2020 6:20 pm
Forum: Personal Investments
Topic: Being forced to move assets away from Vanguard
Replies: 51
Views: 3528

Re: Being forced to move assets away from Vanguard

I would quit with that level of financial micromanagement. No reason to trade privacy for a job. What happens when they want to examine some other aspect of your financial life and make that a condition of employment?

-TheDDC
by TheDDC
Wed Dec 30, 2020 5:59 pm
Forum: Personal Investments
Topic: How to invest $200k (from 2.25% cash out refinancing)?
Replies: 193
Views: 11474

Re: How to invest $200k (from 2.25% cash out refinancing)?

aristotelian wrote: Tue Dec 29, 2020 11:14 pm Pay off the mortgage, then reduce your bond allocation. You will end up with same expected risk/return without the cost of leverage.
+1. This was such a silly move... Put it back into the mortgage and better yet pay it off early.

-TheDDC
by TheDDC
Wed Dec 30, 2020 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house with flood risk?
Replies: 54
Views: 3283

Re: Buying a house with flood risk?

Is it a trickle near the walls or is it a FULL MOSES onslaught? It's normal for some trickling in at the edges. Maybe ask to install some moisture sensing gear inside the basement and track for 30 days to ensure?

-TheDDC
by TheDDC
Wed Dec 30, 2020 5:52 pm
Forum: Personal Investments
Topic: Mom's Finances
Replies: 22
Views: 2462

Re: Mom's Finances

Mom may need 20-30+ more years of good yield. There's no reason to add bonds to a portfolio just because one is "near retirement". Does she need the life insurance? Who would be relying on her income after death?

-TheDDC
by TheDDC
Wed Dec 30, 2020 5:50 pm
Forum: Personal Investments
Topic: Being forced to move assets away from Vanguard
Replies: 51
Views: 3528

Re: Being forced to move assets away from Vanguard

So this came out of nowhere. My wife recently started a new job with a major financial institution and we are being asked to move our assets away from Vanguard because Vanguard is not an approved broker. This seems so crazy to me and we are looking for ways to not have to do this. Has anyone been i...
by TheDDC
Wed Dec 30, 2020 5:47 pm
Forum: Personal Consumer Issues
Topic: Financial Differences: One Versus Two Children
Replies: 57
Views: 4181

Re: Financial Differences: One Versus Two Children

This is the wrong question. Kids are not financial vehicles/investments. We did not outsource parental duties to daycare, so that did not factor into cost estimates. You buy/spend as your budget allows, so it's pretty flexible when multiples come. Who the heck does a P&L on kids anyway? Two are ...