Search found 883 matches

by carminered2019
Mon Apr 19, 2021 9:54 am
Forum: Personal Investments
Topic: Invest 120K now or wait for the crash?
Replies: 64
Views: 7664

Re: Invest 120K now or wait for the crash?

20 years from now, today’s high will be just one of the low dots on the chart.
by carminered2019
Sat Apr 17, 2021 8:57 am
Forum: Personal Investments
Topic: When to add bonds?
Replies: 9
Views: 704

Re: When to add bonds?

I did not add bonds until the age of 50 with a planned retirement at 60 but I was able to reach 60x yearly expenses and retired at 50 so I added bond last year with an AA of 70/30.
by carminered2019
Wed Apr 14, 2021 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 379
Views: 25427

Re: "Nobody's ever regretted paying off the mortgage."

Why would you hold bonds while also having a mortgage? +1, I don't get this logic either ? It all depends on interest rates. There was a time in the 1970's where my mortgage was 6.75% and my money market fund was yielding 18%, and CDs were about 16%. It would have been very foolish to pay it off ea...
by carminered2019
Wed Apr 14, 2021 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 379
Views: 25427

Re: "Nobody's ever regretted paying off the mortgage."

hoofaman wrote: Wed Apr 14, 2021 12:57 pm Why would you hold bonds while also having a mortgage?
+1, I don't get this logic either ?
by carminered2019
Wed Apr 14, 2021 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 379
Views: 25427

Re: "Nobody's ever regretted paying off the mortgage."

no mortgage allows me to take on more investment risks. I was able to build a NW of 130x my yearly expenses by the age of 51 with a W-2 average salary of 85k per year by not having a mortgage from age 31 until now and went aggressive in equities and NO BONDS.
by carminered2019
Sun Apr 04, 2021 10:48 pm
Forum: Personal Investments
Topic: Is private wealth management worth it?
Replies: 64
Views: 9973

Re: Is private wealth management worth it?

So I'm about to sell my business to private equity which will put about 20M in my bank account after taxes. There are people telling me that I should talk to private wealth management folks at goldman sachs and the like. Has anyone had any experiences that might help me understand the pros and cons...
by carminered2019
Fri Apr 02, 2021 11:05 pm
Forum: Personal Investments
Topic: Lower bond percentage after you won the game?
Replies: 62
Views: 7325

Re: Lower bond percentage after you won the game?

OP, I won the game, retired last year and put 20x yearly expenses in FI and the rest in equities with no plan to rebalance moving forward. My AA was 100% equities until I retired last year with AA of 70/30 but has been drifting to 73/27 and have to plan to rebalance back to 70/30.
by carminered2019
Wed Mar 31, 2021 3:49 pm
Forum: Personal Investments
Topic: FZROX vs FSKAX
Replies: 29
Views: 2573

Re: FZROX vs FSKAX

I stick with FSKAX, it's more established and been around much longer so I rather pay $150 for every 1 million for FSKAX.
by carminered2019
Mon Mar 29, 2021 10:14 pm
Forum: Personal Investments
Topic: 120-age=Stocks or age-10=bonds or something else?
Replies: 23
Views: 2032

Re: 120-age=Stocks or age-10=bonds or something else?

Good thing I did not buy into owning bonds in the 20s but instead, I focused on low debt, high saving rate, have a good job and consistently putting money into the market every two weeks. I Retired at 50 with almost 70x yearly expenses in the markets with an AA of 70/30.
by carminered2019
Sun Mar 28, 2021 1:19 am
Forum: Personal Investments
Topic: Should I Roth convert before tax rate increases? (young accumulator)
Replies: 37
Views: 2262

Re: Should I Roth convert before tax rate increases? (young accumulator)

Roll over to an IRA then do a Roth conversion when you retire with no W2 income.
by carminered2019
Sat Mar 20, 2021 11:22 pm
Forum: Personal Investments
Topic: What do most people do with a 401K upon retirement if they dont need it?
Replies: 169
Views: 15290

Re: What do most people do with a 401K upon retirement if they dont need it?

does roll over IRA qualify for step up in basis for the kids when both parents die ?
by carminered2019
Thu Mar 18, 2021 6:23 pm
Forum: Investing - Theory, News & General
Topic: Where to keep cash 2021
Replies: 4
Views: 1188

Re: Where to keep cash 2021

OP, you are smarter then your spouse by paying off your loans if you don't know what to do with cash.
by carminered2019
Mon Mar 15, 2021 10:16 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 3500
Views: 582787

Re: What are you up YTD? [Year To Date]

2021 YTD, AA 60/40 I am up 4 years of living expenses.
by carminered2019
Sun Mar 14, 2021 7:18 pm
Forum: Investing - Theory, News & General
Topic: Investing in Real Estate - Rental Income?
Replies: 23
Views: 2439

Re: Investing in Real Estate - Rental Income?

OP, do you know how long it will take to evict someone in your state ? In California it takes 90 days to evict a bad tenant and that's is considered fast with the proper legal process from an eviction lawyer. One bad tenant playing hard ball usually cost me 4 months of rent in California but I know ...
by carminered2019
Sun Mar 14, 2021 7:06 pm
Forum: Personal Investments
Topic: Thoughts on Changing Investments in Roth IRA and HSA
Replies: 7
Views: 725

Re: Thoughts on Changing Investments in Roth IRA and HSA

I have multiple accounts at Fidelity and only hold one fund(Total US) in my Roth and wife’s Roth account. Thank you for sharing how you and your wife are approaching this! Do you also have a taxable account at Fidelity? Other than the money set aside for the annual Roth IRA contributions we have le...
by carminered2019
Sun Mar 14, 2021 1:21 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation Based on Years to and Expected Need for Retirement
Replies: 29
Views: 2603

Re: Asset Allocation Based on Years to and Expected Need for Retirement

my goal was to retire at 60 but I got there there at 50. From age 26-50 I had a W-2 income with high saving rate and my AA was 100% equites but now I my AA is 70/30 with no more W-2.
by carminered2019
Sun Mar 14, 2021 10:38 am
Forum: Investing - Theory, News & General
Topic: Is 100% Equities a Bad Investment Strategy?
Replies: 131
Views: 9497

Re: Is 100% Equities a Bad Investment Strategy?

watchnerd wrote: Sun Mar 14, 2021 10:33 am
willthrill81 wrote: Sun Mar 14, 2021 10:14 am

Of course, what you're doing is unabashedly market timing. I don't have a problem with that per se as most here do, but that's what it is.
Not all market timing is dumb and ineffective. ;)

"Be greedy when others are fearful"
+1000
by carminered2019
Sun Mar 14, 2021 9:44 am
Forum: Personal Investments
Topic: Thoughts on Changing Investments in Roth IRA and HSA
Replies: 7
Views: 725

Re: Thoughts on Changing Investments in Roth IRA and HSA

I have multiple accounts at Fidelity and only hold one fund(Total US) in my Roth and wife’s Roth account.
by carminered2019
Sat Mar 13, 2021 11:40 pm
Forum: Investing - Theory, News & General
Topic: Investing in Real Estate - Rental Income?
Replies: 23
Views: 2439

Re: Investing in Real Estate - Rental Income?

LOl, I just lost one month of rent this morning having the plumber install a new water heater and garbage disposable. I have no mortgage on this rental and the return is about 4% net in Socal market but I already scheduled to meet the agent to start listing the house. Good luck being a landlord !
by carminered2019
Sat Mar 13, 2021 2:44 pm
Forum: Investing - Theory, News & General
Topic: Is 100% Equities a Bad Investment Strategy?
Replies: 131
Views: 9497

Re: Is 100% Equities a Bad Investment Strategy?

I've been nearly 100% equities my whole life - now 71 - except for maintaining some modest cash or cash-like positions to pay the bills and get through the volatile patches. Never had a problem and growth has been just super. You just have to have the fortitude to hold tight during market downturns...
by carminered2019
Sat Mar 13, 2021 12:25 pm
Forum: Investing - Theory, News & General
Topic: Is 100% Equities a Bad Investment Strategy?
Replies: 131
Views: 9497

Re: Is 100% Equities a Bad Investment Strategy?

let's see, I had an average salary 85K per year from 1996-2020(24 yrs), 100% equites for 24 yrs with very high saving rate and retired last year close to 5M not counting the real estate portfolio. My AA now is 70/30 with no W-2 income. it's not bad to be 100% in equities during accumulation phase w...
by carminered2019
Sat Mar 13, 2021 11:59 am
Forum: Investing - Theory, News & General
Topic: Is 100% Equities a Bad Investment Strategy?
Replies: 131
Views: 9497

Re: Is 100% Equities a Bad Investment Strategy?

let's see, I had an average salary 85K per year from 1996-2020(24 yrs), 100% equites for 24 yrs with very high saving rate and retired last year close to 5M not counting the real estate portfolio. My AA now is 70/30 with no W-2 income. it's not bad to be 100% in equities during accumulation phase wi...
by carminered2019
Sun Mar 07, 2021 6:29 pm
Forum: Personal Investments
Topic: comments on my asset allocation
Replies: 13
Views: 1204

Re: comments on my asset allocation

is there a reason for not paying off the house which is a guarantee 3% return instead of owning 17% cash earning almost nothing.
by carminered2019
Sat Mar 06, 2021 6:08 pm
Forum: Personal Investments
Topic: Advice for daughter on financial adviser
Replies: 36
Views: 3708

Re: Advice for daughter on financial adviser

My daughter is 25, she has 112k total with Vanguard with just two funds, 75% total US and 25% total international. Can’t get any easier then that.
by carminered2019
Fri Mar 05, 2021 12:57 am
Forum: Investing - Theory, News & General
Topic: Let's remember last year's crash
Replies: 58
Views: 5561

Re: Let's remember last year's crash

I was down 800K, bought another 600K and made 12x my yearly expenses by January 2021. That was the first time I had to consult with my wife to make the "ALL-In" decision.
by carminered2019
Fri Mar 05, 2021 12:34 am
Forum: Personal Investments
Topic: Taking charge and a bit nervous
Replies: 9
Views: 1627

Re: Taking charge and a bit nervous

welcome to the forum, many good people on here will guide you and you will only have to deal with 3 funds.
by carminered2019
Thu Mar 04, 2021 1:07 pm
Forum: Personal Investments
Topic: Tactical market timing
Replies: 7
Views: 675

Re: Tactical market timing

My AA is flexible so last March I went from 60/40 to 95/5 and gained almost 12x yearly expenses then moved back to 70/30 last month. The plan is not to do anything until there is 15% drop. Did you make the change all in one shot or buy in specific increments on the way down? If it's gradual, do you...
by carminered2019
Thu Mar 04, 2021 12:05 pm
Forum: Personal Investments
Topic: Tactical market timing
Replies: 7
Views: 675

Re: Tactical market timing

My AA is flexible so last March I went from 60/40 to 95/5 and gained almost 12x yearly expenses then moved back to 70/30 last month. The plan is not to do anything until there is 15% drop.
by carminered2019
Wed Mar 03, 2021 3:14 pm
Forum: Personal Investments
Topic: long wait time when calling fidelity customer service
Replies: 31
Views: 5440

Re: long wait time when calling fidelity customer service

long wait time with all brokerage companies is the new normal. I had to wait 45 minutes with TD Ameritrade last week.
by carminered2019
Tue Mar 02, 2021 2:27 pm
Forum: Investing - Theory, News & General
Topic: How crazy is it to hold 100% equities until retirement? (ERN)
Replies: 540
Views: 21866

Re: How crazy is it to hold 100% equities until retirement? (ERN)

Not crazy !!!!!! I was in 100% equities until retirement at age of 50, take risk when you have little then it's much easier when you have a lot to weather market corrections. For me, high saving rate and no debt or super low debt is the key.
by carminered2019
Mon Mar 01, 2021 6:30 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14657
Views: 1126809

Re: U.S. stocks continue to soar!

love it....gaining 1 year of expenses in just one day is just too good to be true !!! Def not a mathematics major...so how big does ones portfolio need to be....or I guess how little does one need in a year for this !!? 3.2M in 100% equities and expenses is 65K per year. Every 2% gains covers one y...
by carminered2019
Mon Mar 01, 2021 3:06 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14657
Views: 1126809

Re: U.S. stocks continue to soar!

love it....gaining 1 year of expenses in just one day is just too good to be true !!!
by carminered2019
Sun Feb 28, 2021 8:58 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation Adjustions Based On Comfort Level At Market Highs and Lows
Replies: 27
Views: 2649

Re: Asset Allocation Adjustions Based On Comfort Level At Market Highs and Lows

My AA is 70/30 to 95/5 so yes, I adjust my AA depending on market conditions.
by carminered2019
Sun Feb 28, 2021 4:39 pm
Forum: Personal Investments
Topic: Pay off our house or invest?
Replies: 37
Views: 3067

Re: Pay off our house or invest?

In my 25 years of investing and 20 years of no mortgage I was able to build a NW 4.5M in stock portfolio and 4M in real estate with an average salary of 85K per year last 25 years. Yes, paid off the mortgage then go 100% equities as long as you still have a W-2 income. It's easy to take more investm...
by carminered2019
Sat Feb 27, 2021 10:31 pm
Forum: Personal Investments
Topic: recommendations on wealth management platforms
Replies: 7
Views: 1017

Re: recommendations on wealth management platforms

Good old Excel works for me and I have 8 accounts with three brokers.
by carminered2019
Fri Feb 26, 2021 9:56 pm
Forum: Personal Investments
Topic: New Young Investor- Need Advice!
Replies: 10
Views: 802

Re: New Young Investor- Need Advice!

My daughter is 25 and only has 2 funds. 75% in total US market and 25% in total international.

Keep it simple, keep putting $$ in regardless if markets up or down and focus on career.
by carminered2019
Mon Feb 22, 2021 3:30 pm
Forum: Personal Investments
Topic: Gifting stock shares to daughter for grad school.
Replies: 13
Views: 1067

Re: Gifting stock shares to daughter for grad school.

best answer is to talk to a CPA. You can still gift up to the lifetime amount individually. If her name not on account I think short answer is "no". I am not an accountant; only relating my actions and it is a favorable strategy. I did use a CPA for the paperwork ($250). I don't mess with...
by carminered2019
Mon Feb 22, 2021 3:19 pm
Forum: Personal Investments
Topic: Gifting stock shares to daughter for grad school.
Replies: 13
Views: 1067

Re: Gifting stock shares to daughter for grad school.

I did this for my daughter's law school. You can gift up to $15,000 each for you and spouse for total of $30,000 per year without consequence. Now there is a lifetime gift amount of something like $11 million which you can gift her more than the $30k per year. Need to fill out the appropriate form ...
by carminered2019
Mon Feb 22, 2021 1:19 pm
Forum: Personal Investments
Topic: Gifting stock shares to daughter for grad school.
Replies: 13
Views: 1067

Re: Gifting stock shares to daughter for grad school.

OP: You said the whole program will cost $250K. Since you didn't say how long the program is, let's assume it is three years and you are willing to pay for the whole thing, say $80K per year. Option 1: If you have the cash and don't need to sell shares to get the cash, you can simply pay the bill d...
by carminered2019
Sun Feb 21, 2021 11:46 pm
Forum: Personal Investments
Topic: Gifting stock shares to daughter for grad school.
Replies: 13
Views: 1067

Re: Gifting stock shares to daughter for grad school.

she is 25 and I do not claim her.
by carminered2019
Sun Feb 21, 2021 11:43 pm
Forum: Personal Investments
Topic: Gifting stock shares to daughter for grad school.
Replies: 13
Views: 1067

Gifting stock shares to daughter for grad school.

My only daughter just got accepted to nurse anesthetist school and I like to give her stock shares from my taxable account to pay for her tuition and general expenses. She will start school beginning year 2022 and will not work year 2022 and 2023. My concern is the tax situation and who will pay the...
by carminered2019
Sat Feb 20, 2021 12:00 pm
Forum: Personal Investments
Topic: If you're 30-ish years away from retirement, should you have any bonds?
Replies: 94
Views: 4384

Re: If you're 30-ish years away from retirement, should you have any bonds?

no need to add bonds until age 50 or if you are not touching the money over 20+ years. Learn to over come the fear of corrections when you have small amount then it will be much easier later when you have big amount. 1. low debt or zero debt 2. Focus on on high human capital 3. high saving rate 4. I...
by carminered2019
Sat Feb 06, 2021 9:20 am
Forum: Personal Investments
Topic: If I can afford major risk, is a 100% stock position the best return
Replies: 100
Views: 8804

Re: If I can afford major risk, is a 100% stock position the best return

Over the last 100 years, a 70/30 portfolio returned 9.4%, giving up only 0.8% of a 100% stock portfolio (10.2%), with a much gentler ride. https://investor.vanguard.com/investing/how-to-invest/model-portfolio-allocation Warren Buffet recommends at least 10% short term government bonds, and his ment...
by carminered2019
Wed Feb 03, 2021 4:58 am
Forum: Personal Investments
Topic: Asset allocation / bonds / relative youth
Replies: 7
Views: 491

Re: Asset allocation / bonds / relative youth

You do not need to hold your asset allocation in every account, you only need to hold it across all accounts. That would simplify your accounts. The optimum placement is described in the wiki here: https://www.bogleheads.org/wiki/Tax-efficient_fund_placement I had 100% stock in my retirement accoun...
by carminered2019
Tue Feb 02, 2021 11:33 pm
Forum: Personal Investments
Topic: Aggressive Fund(s) for my son
Replies: 13
Views: 1276

Re: AGGRESSIVE FUND(S) for my son

I vote for total US market or S&P 500 in tax deferred account or target date fund in taxable.
by carminered2019
Tue Feb 02, 2021 1:54 pm
Forum: Personal Investments
Topic: Having such a hard time with investing now
Replies: 70
Views: 5507

Re: Having such a hard time with investing now

OP, how did you react March 2020 ? if your saving rate is really high, if you have low debt, young and have high human capital then there is nothing wrong with being in 90/10. Control your fear, keep adding to the portfolio and ignore the market noise then you be ok. I followed those simple steps, m...
by carminered2019
Tue Feb 02, 2021 11:03 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4570
Views: 230193

Re: GameStop GME: anyone joining?

carminered2019 wrote: Thu Jan 28, 2021 11:19 am Yep, shorted at $375. Fundamentally the stock worth in single digit.
Drop baby drop !
by carminered2019
Sat Jan 30, 2021 11:47 pm
Forum: Personal Investments
Topic: Switching from s&p/extended to FZROX
Replies: 9
Views: 746

Re: Switching from s&p/extended to FZROX

I started out with FZROX but switched to FSKAX because FSKAX is more established, more diversified and have been around much longer then FZROX. The fee is minimal or like $150 per 1 million.
by carminered2019
Fri Jan 29, 2021 8:34 pm
Forum: Personal Investments
Topic: "Buying the Dips"
Replies: 20
Views: 2723

Re: "Buying the Dips"

When I still had a W-2 income, my new money AUTOMATICALLY went into the funds every two weeks and did not care if it's new low or new high with 100% equities. I am now retired at 50 with AA of 70/30(20x) and will not buy anything unless the markets dip 20% or more or else I just leave it alone. Focu...
by carminered2019
Fri Jan 29, 2021 1:14 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4570
Views: 230193

Re: [GameStop GME trading mega-thread]

GME frenzy reminds me of the hot Cabbage Patch Kids in the early 80s.