Search found 23241 matches

by Grt2bOutdoors
Mon May 10, 2021 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you target for a 529 plan?
Replies: 16
Views: 1077

Re: How much do you target for a 529 plan?

Why limit choices to UNC? But if UNC is the only choice, then save up $40k to cover 4 years current cost and reevaluate each year going forward.
by Grt2bOutdoors
Mon May 10, 2021 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: If your net worth is over $3 million, how did you do it?
Replies: 559
Views: 145441

Re: If your net worth is over $3 million, how did you do it?

It was pretty easy for 2 dual earners contributing good savings in the last 15 years (2006-current) to accumulate $3M+. For instance, I backtested 2006-current, 100% US Equities, contributing $5K/month inflation adjusted results in a current balance of $3.4M It's going to get MUCH more difficult to...
by Grt2bOutdoors
Mon May 10, 2021 3:34 pm
Forum: Investing - Theory, News & General
Topic: Are we in a housing bubble?
Replies: 368
Views: 45662

Re: Are we in a housing bubble?

Housing has become the new college tuition. Back in the day you bought a house cash, or with little debt. Same as as college tuition. Then, the financial system found out that lenders would benefit to lend you to go to college. The unintended, or intended, consequence was the tuition skyrocketed. Y...
by Grt2bOutdoors
Mon May 10, 2021 10:00 am
Forum: Investing - Theory, News & General
Topic: Are we in a housing bubble?
Replies: 368
Views: 45662

Re: Are we in a housing bubble?

The building inflationary pressures, including housing prices, will put pressure on interest rates. As starting to feel like the housing overvaluation a little over a decade ago. RM Good write-up on this by Krugman over at the NY Times. Home prices will fall. But I have no idea by how much. I defin...
by Grt2bOutdoors
Sun May 09, 2021 11:30 pm
Forum: Investing - Theory, News & General
Topic: Expense Ratios and Ratings / Recommendations
Replies: 7
Views: 480

Re: Expense Ratios and Ratings / Recommendations

The total bond market index is the proxy for the entire bond market, it holds corporates, us treasury, agency bonds, asset based bonds, mortgage backed securities. It’s a passive fund, low expense ratio and in a world of low yields expenses matter even more than you might think. Actively managed fun...
by Grt2bOutdoors
Sun May 09, 2021 8:41 pm
Forum: Investing - Theory, News & General
Topic: 10-20% Bonds? What’s the point?
Replies: 179
Views: 9813

Re: 10-20% Bonds? What’s the point?

I think that Swedroe suggests to increase the risk on the stock side by over-weighing small cap stocks and then compensate by allocating a bit more to bonds. Overweighing small cap value and compensate by holding more high quality US Treasury intermediate bonds. Not all equity or bond are created e...
by Grt2bOutdoors
Sun May 09, 2021 8:35 pm
Forum: Investing - Theory, News & General
Topic: 10-20% Bonds? What’s the point?
Replies: 179
Views: 9813

Re: 10-20% Bonds? What’s the point?

OP, I agreed. You should have at least 30% bond. What is the point of having more than 70% stock and getting so little of return? KlangFool If you had $1Billion invested at 90/10 and your spend rate is $10 million a year, you could theoretically hold a 100/0 to a 0/100 portfolio and be just fine, e...
by Grt2bOutdoors
Sun May 09, 2021 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Tax basis in long-term position with DRIP?
Replies: 12
Views: 693

Re: Tax basis in long-term position with DRIP?

Write to the Investor Relations of the companies you hold. Ask them to provide you with the annual dividend paid each year for the range of years you have held the stock. If the shares came from the original A.T.&T. you will need the information for the subsequent spin-offs too - Southwestern Be...
by Grt2bOutdoors
Sun May 09, 2021 8:40 am
Forum: Investing - Theory, News & General
Topic: Latest Thoughts from Larry Swedroe
Replies: 154
Views: 22776

Re: Latest Thoughts from Larry Swedroe

Value is still at a substantial discount to growth as we are very early in the first inning of this rotation into value. Buy value. And what is value exactly? Seems like Larry is changing his formula for identifying it every year. Well, it's not an equity selling at 10x book value with a p/e of 50+...
by Grt2bOutdoors
Sun May 09, 2021 8:37 am
Forum: Investing - Theory, News & General
Topic: I’m writing a really basic investor’s guide for my [adult children] - input welcome
Replies: 56
Views: 3813

Re: I’m writing a really basic investor’s guide for my kids - input welcome

Save a lot and compounding. That's what did it for me. I.e. if you save $2,000 a year for 40 years and earn 10% a year, you'll have $885,000. It will blow their minds. Yes, but to really drive the point home for the two daughters, I'd break it out by showing them for the first 25 years of savings i...
by Grt2bOutdoors
Sun May 09, 2021 7:46 am
Forum: Investing - Theory, News & General
Topic: Latest Thoughts from Larry Swedroe
Replies: 154
Views: 22776

Re: Latest Thoughts from Larry Swedroe

Value is still at a substantial discount to growth as we are very early in the first inning of this rotation into value. Buy value.
by Grt2bOutdoors
Sat May 08, 2021 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Another early mortgage payoff thread
Replies: 23
Views: 1938

Re: Another early mortgage payoff thread

Cash yields zero, mortgage yields 3.875%, I'd pay it off. Then redirect your mortgage payment into investments/some more to 529 plan. You might earn 5-6% if you invested the money but that's assuming you have a high equity position throughout the term and the markets don't tank and stay down for an ...
by Grt2bOutdoors
Sat May 08, 2021 6:44 am
Forum: Personal Consumer Issues
Topic: Best Whitening Toothpaste?
Replies: 16
Views: 2556

Re: Best Whitening Toothpaste?

Colgate Optic White Renewal 3 percent formulation.
by Grt2bOutdoors
Fri May 07, 2021 5:45 pm
Forum: Personal Consumer Issues
Topic: Do you still read the print newspaper?
Replies: 84
Views: 3130

Re: Do you still read the print newspaper?

Yes. Not subject to the whims of internet not working. I also like flipping through a paper - something a screen can not provide.

Go Mets! (They need all the help they can get :wink: )
by Grt2bOutdoors
Fri May 07, 2021 3:00 pm
Forum: Investing - Theory, News & General
Topic: Confused about dividend investing, market downturns and early retirement
Replies: 89
Views: 5542

Re: Confused about dividend investing, market downturns and early retirement

For a long term retirement, you probably want to look at "perpetual" withdrawal rates which are often in the 3-3.5% range depending on the portfolio. The FIRE guy is actually withdrawing about that - 3 percent and not the 4 percent they quoted. A typical person retires with the financial ...
by Grt2bOutdoors
Fri May 07, 2021 10:10 am
Forum: Personal Investments
Topic: How much do you trust FIRECalc?
Replies: 17
Views: 2101

Re: How much do you trust FIRECalc?

What is the current allocation of your retirement account and will you continue to hold that allocation up until planned retirement and what is your allocation in retirement (same, higher or lower equity allocation split - domestic/international)? I get $3Mn with your current balance and $105k contr...
by Grt2bOutdoors
Fri May 07, 2021 8:38 am
Forum: Investing - Theory, News & General
Topic: How Do You React After a Market Decline?
Replies: 66
Views: 3887

Re: How Do You React After a Market Decline?

First reaction- Gulp! Then: Have they thrown the baby out with the bath water? Do I have money to buy? Yes, I hold individual stock as well as index funds. Is it time to rebalance my funds?
by Grt2bOutdoors
Thu May 06, 2021 7:37 pm
Forum: Investing - Theory, News & General
Topic: RIP David Swensen
Replies: 57
Views: 8481

Re: RIP David Swensen

May he rest in peace. I have his book Unconventional Success on my bookshelf and it did influence me in my own investing.
by Grt2bOutdoors
Thu May 06, 2021 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Former poor kid who has followed guides, but still lost...
Replies: 34
Views: 4048

Re: Former poor kid who has followed guides, but still lost...

OP, you have a guaranteed 8% rate of return on your student loans. First, I'd try to re finance, next I'd pay them down quickly. Probably a two year situation, certainly not a lifetime with income OP has and cash in the bank currently. +1. OP - think of your loan repayment as your taxable fixed inc...
by Grt2bOutdoors
Thu May 06, 2021 10:36 am
Forum: Personal Investments
Topic: Roth IRA for 13 yo kid
Replies: 27
Views: 2467

Re: Roth IRA for 13 yo kid

Put it in a UTMA - not because the college police are going to confiscate it - they might, but your kid might want to use all of the money before then to go on a special vacation or to buy their first car, or to just learn about investing. A 13 year old kid just needs to learn the basics, ROTH is ni...
by Grt2bOutdoors
Thu May 06, 2021 10:27 am
Forum: Personal Investments
Topic: 401k wellington fund
Replies: 11
Views: 913

Re: 401k wellington fund

You should certainly evaluate your need, ability, and willingness to take risk and adjust accordingly with an appropriate allocation to bonds.* It is not unreasonable to retire at 50/50 to 70/30 depending on how you answer the above analysis. There is no special reason to select Wellington and it i...
by Grt2bOutdoors
Thu May 06, 2021 10:21 am
Forum: Personal Investments
Topic: Best government pension plan in the U.S.?
Replies: 53
Views: 5388

Re: Best government pension plan in the U.S.?

Keenobserver wrote: Thu May 06, 2021 8:47 am Ever have a look at FDNY and California fire fighter pension ?
Have you? Post it up if you know the details. That said, not many want to run into burning buildings with all the equipment on their back. It takes a real physical toll.
by Grt2bOutdoors
Thu May 06, 2021 9:38 am
Forum: Personal Investments
Topic: 401k wellington fund
Replies: 11
Views: 913

Re: 401k wellington fund

You should certainly evaluate your need, ability, and willingness to take risk and adjust accordingly with an appropriate allocation to bonds.* It is not unreasonable to retire at 50/50 to 70/30 depending on how you answer the above analysis. There is no special reason to select Wellington and it i...
by Grt2bOutdoors
Thu May 06, 2021 9:36 am
Forum: Personal Investments
Topic: 401k wellington fund
Replies: 11
Views: 913

Re: 401k wellington fund

What other options are available in the 401k? What are your intentions for the taxable account in retirement? What are your income needs in retirement? I hold Wellington in my Roth along with other investments, it’s a good fund but it will not shoot the lights out and when there are declines in the ...
by Grt2bOutdoors
Wed May 05, 2021 7:39 pm
Forum: Investing - Theory, News & General
Topic: Why does raising CG taxes decrease government revenue?
Replies: 22
Views: 1476

Re: Why does raising CG taxes decrease government revenue?

12 month's ago Sacramento was lamenting that they expected a drop of $100B due to Covid and were starting to prepare for a fiscal disaster. Well, we all know what the stock market did, in particular what High Tech has done, + stock grant tend to be common in High Tech. Oh-la-la, the state coffers a...
by Grt2bOutdoors
Wed May 05, 2021 7:36 pm
Forum: Investing - Theory, News & General
Topic: Why does raising CG taxes decrease government revenue?
Replies: 22
Views: 1476

Re: Why does raising CG taxes decrease government revenue?

Why does one pay little to no capital gains taxes? Simple, there is no incentive to redeem low cost shares and pay needless tax. Investors will instead hold on to those shares or they will alter their investment strategies to avoid such distributions. I'm sure there are other ways but we will leave ...
by Grt2bOutdoors
Wed May 05, 2021 7:39 am
Forum: Personal Investments
Topic: Investments in Roth and Taxable Accounts at Vanguard
Replies: 4
Views: 282

Re: Investments in Roth and Taxable Accounts at Vanguard

Use broad based equity index funds.
by Grt2bOutdoors
Tue May 04, 2021 10:18 pm
Forum: Non-US Investing
Topic: S&P500 Vs Global fund - is Buffett really wrong?
Replies: 64
Views: 5420

Re: S&P500 Vs Global fund - is Buffett really wrong?

I saw a snippet of Warren Buffett talking about the instructions laid out in his will to provide for his wife. He has apparently declared that 90% of the money is to be invested in a low cost S&P500 index fund (which I assume is a Vanguard one?). However, the collective wisdom of the Bogleheads...
by Grt2bOutdoors
Tue May 04, 2021 3:21 pm
Forum: Investing - Theory, News & General
Topic: How does bitcoin solve the deflation problem?
Replies: 80
Views: 5641

Re: How does bitcoin solve the deflation problem?

I can't wrap my head around this. I google and read a few articles but all of them are just pitching for the wondercoin. The person holding it will benefit from those buying it at a higher price than what you paid. Those doing the buying though? They might experience some significant deflation when...
by Grt2bOutdoors
Tue May 04, 2021 7:04 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 1750
Views: 174071

Re: Jack Bogle - Two Fund Portfolio

In general over the long haul growth stocks have not done as well as value stocks. Larry Swedroe, etf.com (10/11/2013), "The ‘Black Hole Of Investing’ ", link . I would expect all styles and sectors to have their day in the sun at any given point in time. The table of asset classes provid...
by Grt2bOutdoors
Mon May 03, 2021 10:06 pm
Forum: Investing - Theory, News & General
Topic: first million [in your retirement portfolio]
Replies: 222
Views: 39398

Re: first million

It also depends on asset allocation, how was the account invested? Apologies for a delayed response. Asset Allocation was invested in majority of two active funds, Large cap Value in pretax 457, TRowe Price Equity Income PRFDX and active small cap Vanguard Strategic Equity VSEQX. I started right af...
by Grt2bOutdoors
Mon May 03, 2021 4:12 pm
Forum: Personal Investments
Topic: Portfolio for FIRE
Replies: 18
Views: 3031

Re: Portfolio for FIRE

First, welcome. You will find you will answers to questions you didn't ask here on Bogleheads. Let me be the first to take that tact :happy First thing that stands out to me: Real Estate Rentals Total Debt : 400K Total Cashflow : $1200/mo Huh? Rental debt: $400,000 @3% Income from that rental: $14,...
by Grt2bOutdoors
Fri Apr 30, 2021 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Saving for retirement - beyond 401k?
Replies: 10
Views: 2160

Re: Saving for retirement - beyond 401k?

So, you're saving 2 x $19.5k plus 2 x 9.75k match = 58.5k per year in your 401k's? To clarify, only my contribution (not my fiance's) has the 401k match, so the accurate number would be 2x$19.5k + 1x$9.75k = $48.75k A 6 percent real growth rate is optimistic to say the least. Best to be conservativ...
by Grt2bOutdoors
Fri Apr 30, 2021 2:20 pm
Forum: Investing - Theory, News & General
Topic: 2021 I Bonds: what's your plan?
Replies: 222
Views: 27959

Re: 2021 I Bonds: what's your plan?

I'm very pumped about the May issue I-Bonds. But I've to keep reminding myself that the real return is still 0% and after taxation in the future, I will be in the red. Still 3.54% nominal is phenominal, especially when you compare it to any other credit risk free fixed income investment. I have sch...
by Grt2bOutdoors
Fri Apr 30, 2021 2:06 pm
Forum: Personal Investments
Topic: Eliminating bonds?
Replies: 61
Views: 5960

Re: Eliminating bonds?

It will be interesting to watch the bonds conversation during the next market correction when people start to remember that you don't hold bonds for returns. It's perfectly reasonable to hold no bonds if you can tolerate the higher volatility. What is not reasonable is to drop bonds because they ar...
by Grt2bOutdoors
Fri Apr 30, 2021 9:04 am
Forum: Personal Investments
Topic: Eliminating bonds?
Replies: 61
Views: 5960

Re: Eliminating bonds?

You have a pension? Therefore you already hold fixed income. Let’s be conservative before the pension naysayers come out in full force to talk about funding and pension failures. Assume you will get just half of what you are promised in annual retirement income- take that number and use a discount r...
by Grt2bOutdoors
Fri Apr 30, 2021 7:57 am
Forum: Personal Investments
Topic: Windfall + early retirement portfolio questions
Replies: 29
Views: 3533

Re: Windfall + early retirement portfolio questions

Since you will be lump-sum investing, you will have only 1 tax lot for each of the 3 funds you buy in your new taxable portfolio. It will be extremely obvious which shares you would sell if you had a loss and what to buy when you do tax loss harvesting. You would not even have to look at your portf...
by Grt2bOutdoors
Fri Apr 30, 2021 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Saving for retirement - beyond 401k?
Replies: 10
Views: 2160

Re: Saving for retirement - beyond 401k?

A 6 percent real growth rate is optimistic to say the least. Best to be conservative so you don’t get surprised in a negative way. The best levers in your situation is savings rate, time and asset allocation. You should be equity heavy, up to 85-90 percent, a 15 percent savings rate is not sufficien...
by Grt2bOutdoors
Thu Apr 29, 2021 11:20 pm
Forum: Investing - Theory, News & General
Topic: Crash course
Replies: 22
Views: 1588

Re: Crash course

Rebalance when deviation threshold has been reached in your targeted asset allocation. Presumably you have assets broadly diversified in your account across asset classes to facilitate this transaction.
by Grt2bOutdoors
Thu Apr 29, 2021 2:47 pm
Forum: Personal Investments
Topic: Wish I could quit Vanguard for poor customer service
Replies: 151
Views: 13172

Re: Wish I could quit Vanguard for poor customer service

I've had good Vanguard customer service although I rarely need to call them. Probably five years? since my last call. I almost never call, online access is pretty good, I think it’s improved since the last major outage. Progress takes time but they have made noticeable improvements to their website.
by Grt2bOutdoors
Thu Apr 29, 2021 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Getting started in personal finance...do you have advice?
Replies: 18
Views: 2017

Re: Getting started in personal finance...do you have advice?

Hello and welcome to the forum! 1. Emergency fund - check. 2. Save minimum of 15 percent for retirement - check 3. Do not keep two homes - primary and rental. You simply do not have sufficient cash flow to cover repairs and tenant vacancy while paying your primary mortgage and upkeep. Further how ha...
by Grt2bOutdoors
Thu Apr 29, 2021 6:34 am
Forum: Personal Investments
Topic: Wish I could quit Vanguard for poor customer service
Replies: 151
Views: 13172

Re: Wish I could quit Vanguard for poor customer service

I moved all of my accounts from Vanguard to M1 Finance about a year ago and never looked back. My issue was that I didn't like how Vanguard was telling me what I could and couldn't own with my own money. I understand their motivation to protect investors, but we're adults who should be expected to ...
by Grt2bOutdoors
Wed Apr 28, 2021 9:02 am
Forum: Personal Investments
Topic: Vanguard vs Schwab vs Fidelity for young/new investor
Replies: 55
Views: 3883

Re: Vanguard vs Schwab vs Fidelity for young/new investor

I'm going through the same thing with my slightly older nephew so will be interested to read responses. I'm with Vanguard, but if it truly doesn't matter why not steer him toward a company with better customer service? Then again, according to JD Power, maybe the Vanguard horror stories are oversta...
by Grt2bOutdoors
Wed Apr 28, 2021 8:54 am
Forum: Personal Investments
Topic: I was investing in Roth IRA but now recently was made aware of girlfriend's ~$50k debt. Help?
Replies: 59
Views: 3911

Re: I was investing in Roth IRA but now recently was made aware of girlfriend's ~$50k debt. Help?

While I disagree strongly with Dave Ramsey on investment philosophy, he is often spot on with debt elimination and the relationship side of personal finance. I'd highly recommend watching his YouTube videos (at least) or considering actually attending Financial Peace University with your girlfriend...
by Grt2bOutdoors
Wed Apr 28, 2021 8:38 am
Forum: Personal Investments
Topic: Vanguard vs Schwab vs Fidelity for young/new investor
Replies: 55
Views: 3883

Re: Vanguard vs Schwab vs Fidelity for young/new investor

I’d go with Schwab or Fidelity - for reasons noted above. Vanguard doesn’t offer a cash management product but Schwab does as does Fidelity and they offer debit cards. You can find low cost index funds there and you can buy ETFs.
by Grt2bOutdoors
Mon Apr 26, 2021 10:00 pm
Forum: Personal Investments
Topic: Help my parents invest wisely
Replies: 7
Views: 909

Re: Help my parents invest wisely

3 years in Target Retirement Income and the rest In Lifestrategy Moderate Growth. Or 3 years in Wellesley fund and the rest in the Moderate Growth fund. Money markets have no yield so see if you can do a cd ladder with years 2 and 3 in a cd that matures when you need it but gives more yield.
by Grt2bOutdoors
Mon Apr 26, 2021 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Saving for and paying for a $5m house
Replies: 68
Views: 8642

Re: Saving for and paying for a $5m house

Congrats you have 200k/yr for savings. This is too little for somebody at your salary IMO. Only on bogleheads is saving ~25% of your salary "too little" It is if the person doing the saving has high expectations of continuous spend into retirement. The biggest issue is the reduction of yo...
by Grt2bOutdoors
Fri Apr 23, 2021 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Discuss Net Worth with Adult Children
Replies: 176
Views: 17973

Re: Discuss Net Worth with Adult Children

Did your kids never fill out a CSS Profile for college? It requires an incredibly detailed description of family finances. The career demotivation is vastly overblown. Unless an inheritance skips a generation, like going from grandparents to grandchildren, a normal age to receive an inheritance is ...