Search found 94 matches

by formerlybroke
Tue May 04, 2021 3:27 pm
Forum: Personal Investments
Topic: Why is there a huge divergence between GBTC and BTC-USD?
Replies: 5
Views: 601

Re: Why is there a huge divergence between GBTC and BTC-USD?

Does anyone know why there is such a huge divergence between GBTC and BTC-USD - especially w/in the past few months? Is what we see in the chart pretty much the result of the outrageous GBTC fees? https://drive.google.com/file/d/1hYxeAkC4s8vgamZxSUpjMFULPeLBqOcT/view?usp=sharing One factor, I think...
by formerlybroke
Tue May 04, 2021 3:21 pm
Forum: Personal Investments
Topic: Rude Vanguard Customer Service
Replies: 9
Views: 1771

Re: Rude Vanguard Customer Service

I just got off the phone with a Vanguard customer service person and I was asking about a rollover. He was being very rude when I didn't understand his question. Is there somewhere I can file a complaint? I am almost ready to close my account with them due to this guy. Very disrespectful. He defini...
by formerlybroke
Tue May 04, 2021 3:19 pm
Forum: Personal Consumer Issues
Topic: Ca Expats- do you love your new home?
Replies: 76
Views: 7826

Re: Ca Expats- do you love your new home?

I love California! The weather is fantastic and we live near both mountains and ocean. But alas, I'm not sure that we will stay in retirement due to tax un-friendliness and HCOL. Our $1m 1500 sq. ft. home could buy us a nicer home with plenty leftover, I reckon. We want to live somewhere without ha...
by formerlybroke
Tue May 04, 2021 3:01 pm
Forum: Personal Consumer Issues
Topic: Ca Expats- do you love your new home?
Replies: 76
Views: 7826

Re: Ca Expats- do you love your new home?

I love California! The weather is fantastic and we live near both mountains and ocean. But alas, I'm not sure that we will stay in retirement due to tax un-friendliness and HCOL. Our $1m 1500 sq. ft. home could buy us a nicer home with plenty leftover, I reckon. We want to live somewhere without ha...
by formerlybroke
Mon May 03, 2021 3:12 pm
Forum: Investing - Theory, News & General
Topic: Young Investor's Over Confidence
Replies: 144
Views: 11173

Re: Young Investor's Over Confidence

For most Millennials and Gen Z in their investing lives they have never seen a serious downturn, let alone a long term downturn. Most millennials [1981-1996] lived through (were "of investing age") the Great Recession. Some were 18-20 in 2000-1. What do they need to "live through&quo...
by formerlybroke
Sun May 02, 2021 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Cash - Throw it all on the table!!!
Replies: 275
Views: 52564

Re: Cash - Throw it all on the table!!!

Eschew_Obfuscation wrote: Fri Feb 12, 2021 8:31 pm 6 months of expenses in a credit union checking account (yields 3% up to 25k).
That’s a mighty rich yield on a checking account.

Mind if I ask which credit union?
by formerlybroke
Sun May 02, 2021 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Cash - Throw it all on the table!!!
Replies: 275
Views: 52564

Re: Cash - Throw it all on the table!!!

$700k spread amongst various “high yield savings accounts” = 6% of portfolio. Multiple years of living expenses and emergency fund. Sleeping well, and that’s goal #1 at this stage of the game.
by formerlybroke
Wed Apr 21, 2021 4:20 pm
Forum: Personal Investments
Topic: Is Prudential worth it?
Replies: 28
Views: 1770

Re: Is Prudential worth it?

Thank you all for the advice and suggestions. Once I understand what I am doing and can find "equivalent" lower cost funds , I am going to try and transfer my accounts into Vanguard. fyi, prudential is an insurance company. they may be fine for insurance, but like most insurance companies...
by formerlybroke
Wed Apr 21, 2021 2:04 pm
Forum: Personal Investments
Topic: Is Prudential worth it?
Replies: 28
Views: 1770

Re: Is Prudential worth it?

The next two accounts are what I invested my extra cash in since 1 year ago this month. PCCFX - Expense Ratio 1.70% - 25k PABCX - Expense Ratio 1.77% - 32k (this one just replaced SDMCX as of yesterday since it did not seem to be doing well) The answer regarding your advisor competence and fund cos...
by formerlybroke
Wed Apr 21, 2021 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement account recommendation for an s-corp
Replies: 5
Views: 247

Re: Retirement account recommendation for an s-corp

My business is also LLC as S corp. Not sure of you're already committed to ADP but I'd recommend Intuit Online Payroll. Been a satisfied customer for +10 years and have never had an issue (that I didn't cause myself :oops: ) We use the Core option here: https://quickbooks.intuit.com/payroll/core/ . ...
by formerlybroke
Sun Apr 04, 2021 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house in Bay Area
Replies: 57
Views: 4637

Re: Buying a house in Bay Area

Have owned multiple owner occupied homes in SoCal, Central CA and Bay Area since 1992. Over that time we’ve experienced the uncomfortable cycles of CA real estate, and always came out ahead. We were never in a position that forced us to sell during the down cycles and we made our upgrades accordingl...
by formerlybroke
Wed Mar 24, 2021 11:20 am
Forum: Personal Investments
Topic: Leaving paid advisor with a large balance and gains
Replies: 26
Views: 3875

Re: Leaving paid advisor with a large balance and gains

The holdings are a mix of stocks and index funds with 130+ different securities . On paper, sell anything with a loss or negligible gains and reinvest per your AA. Use up any losses to sell gains to reinvest. But it's harder to do more than that if you are facing a big tax bill. If the investments ...
by formerlybroke
Sun Mar 14, 2021 7:20 pm
Forum: Personal Consumer Issues
Topic: Smoke Detector Help - 5 chirps
Replies: 28
Views: 2175

Re: Smoke Detector Help - 5 chirps

Oh, this brings back awful memories as we’ve been there! First thing I’d suggest is to pull all the smoke detectors and check the manufacture date. When I spoke to Kidde they said 10 years or so is about the point of no return and they need to be replaced. We replaced all 8 in our home and the probl...
by formerlybroke
Sat Mar 13, 2021 1:35 pm
Forum: Personal Consumer Issues
Topic: What are your travel plans in 2021 and beyond?
Replies: 151
Views: 10281

Re: What are your travel plans in 2021 and beyond?

We receive our second dose of Moderna in three days. Walla Walla wine country over Easter weekend with my wife. End of May wine trip with an old friend to CA. Hoping for a June road trip to MN to see our daughters and granddaughter for the first time in a year. Tentative trip to New England with ou...
by formerlybroke
Wed Mar 10, 2021 9:19 am
Forum: Personal Finance (Not Investing)
Topic: What's It Really Like to Work With Vanguard's Personal Advisory Service?
Replies: 131
Views: 11832

Re: What's It Really Like to Work With Vanguard's Personal Advisory Service?

Yep. I found it interesting that the previous poster had shared that he/she spent a career as a financial advisor (likely selling what you've described), and was now seeking somebody else to set up a similarly complex portfolio. I may have misunderstood, but he/she hasn't responded. I guess to his/...
by formerlybroke
Tue Mar 09, 2021 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: What's It Really Like to Work With Vanguard's Personal Advisory Service?
Replies: 131
Views: 11832

Re: What's It Really Like to Work With Vanguard's Personal Advisory Service?

Having come from the investment management business and recognizing that, at my age, I needed to find highly competent advisor assistance for the next/final 3 innings (for the benefit of both myself and my heirs), I began a multi year search for an advisor (note: protracted process while I reconcile...
by formerlybroke
Tue Feb 23, 2021 12:58 pm
Forum: Personal Investments
Topic: Customer Service with Vanguard
Replies: 383
Views: 33135

Re: Customer Service with Vanguard

Called to follow-up on outstanding transfer out of Vanguard to Fidelity. Knowing they have had long hold times I selected the 'move money to Vanguard' phone option in the hopes that the call would be answered faster. Ha! +16 minutes on hold. And, to add insult to injury, it's taken them 3 weeks to b...
by formerlybroke
Tue Feb 16, 2021 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: How should I spend all this money?
Replies: 72
Views: 9197

Re: How should I spend all this money?

My Twitter feed has more than one person who gives away money. They post something to the affect of: “I know times are hard for so many, and if you’re struggling leave me your CashApp, Venmo, or PayPal and let me know what you need”. As you might imagine they get hundreds of replies. I read through ...
by formerlybroke
Mon Feb 15, 2021 4:35 pm
Forum: Personal Investments
Topic: Should the amount of SIPC insurance an investment house has, determine how much you invest with them?
Replies: 2
Views: 216

Re: Should the amount of SIPC insurance an investment house has, determine how much you invest with them?

Do you allow that amount of insurance to determine how much you will invest with them? Via SIPC site: “ SIPC protects against the loss of cash and securities – such as stocks and bonds – held by a customer at a financially-troubled SIPC-member brokerage firm.” As neither Fidelity nor Vanguard meet ...
by formerlybroke
Mon Feb 15, 2021 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Selling house using an Agent and a Tiered Commission Structure 3%, 5% and 10%. Anyone?
Replies: 22
Views: 18371

Re: Selling house using an Agent and a Tiered Commission Structure 3%, 5% and 10%. Anyone?

Have successfully used a tiered model to sell based on time, not price. In all cases my agent agrees to pay full 3% to buyers agent. Here’s what was agreed to at the time. Note, this was during a period when real estate was just entering a sellers market after a cyclical dip. 4.5% if escrows opens w...
by formerlybroke
Sun Jan 17, 2021 5:33 pm
Forum: Personal Investments
Topic: Where would you tell a 20 yo to invest 5000$
Replies: 60
Views: 4275

Re: Where would you tell a 20 yo to invest 5000$

First thing I’d do is make sure he knows that the dollar sign precedes the number: $5000.

Always has.

You’ve not mentioned any timeline so it’s hard to say.
by formerlybroke
Sun Jan 17, 2021 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Should folks who are able be spending more?
Replies: 47
Views: 4460

Re: Should folks who are able be spending more?

Have ordered meal online (restaurant direct vs 3rd party delivery) and in notes for order have asked that meal be 1) donated to community member in need 2) proceeds pocketed by owner.

:sharebeer
by formerlybroke
Sun Jan 17, 2021 12:31 pm
Forum: Personal Investments
Topic: Dimensional Funds
Replies: 9
Views: 948

Re: Dimensional Funds

anon_investor wrote: Sat Jan 16, 2021 7:05 pm Doesn't DFA offer ETFs now? That may be a better option than paying an advisor 1%.
Active ETFs launched Q4 2020
https://us.dimensional.com/etfs
by formerlybroke
Tue Jan 12, 2021 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity spousal accounts under same login
Replies: 5
Views: 7038

Re: Fidelity spousal accounts under same login

Brokerages generally have provisions to give others access to your accounts at varying levels. With some you can do it all on-line, other require paper forms (sometimes with signatures notarized). I don't think marriage grants any special access, you still have to proceed with their procedures. htt...
by formerlybroke
Sat Jan 09, 2021 6:20 pm
Forum: Personal Investments
Topic: North American Annuity
Replies: 50
Views: 2830

Re: North American Annuity

In 2021 the notion that ALL index annuities are bad is both dated and ill informed. As with any product there are providers that deliver well constructed contracts, at appropriate fee levels, to support index related returns. Do you have any particular indexed annuities in mind? Plenty to explore h...
by formerlybroke
Sat Jan 09, 2021 5:52 pm
Forum: Personal Consumer Issues
Topic: Does anyone have a dishwasher they recommend?
Replies: 161
Views: 11323

Re: Does anyone have a dishwasher they recommend?

We have had good luck with Bosch dishwashers. The most recent purchase was SilencePlus ( https://www.bestbuy.com/site/bosch-500-series-24-top-control-built-in-dishwasher-with-autoair-stainless-steel-tub-3rd-rack-44-dba-stainless-steel/6360648.p?skuId=6360648 ) a couple years ago and it does a good ...
by formerlybroke
Sat Jan 09, 2021 5:49 pm
Forum: Personal Investments
Topic: North American Annuity
Replies: 50
Views: 2830

Re: North American Annuity

In 2021 the notion that ALL index annuities are bad is both dated and ill informed. As with any product there are providers that deliver well constructed contracts, at appropriate fee levels, to support index related returns. That said, index annuities are far more complex and require you to do addi...
by formerlybroke
Mon Jan 04, 2021 7:38 pm
Forum: Personal Consumer Issues
Topic: Recommendations for home paper shredder
Replies: 81
Views: 8503

Re: Recommendations for home paper shredder

This beast has been churning through everything in its path for 11 years, never an issue:

Fellowes Powershred 79Ci 100% Jam Proof Medium, Duty Cross, Cut Shredder
https://amzn.to/3nj0cc9

Really well made product.
by formerlybroke
Mon Jan 04, 2021 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 286
Views: 21626

Re: For those retired or FI, how much do you spend annually?

What is the typical cost for health insurance for a couple before they come of age to qualify for medicare benefits in California? Wouldn't this be a huge cost for FIRE retirees? I’m 60, so five years before Medicare kicks in. CA resident, no kids, no subsidy. 2021 is $1759 per month for silver pla...
by formerlybroke
Mon Jan 04, 2021 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 286
Views: 21626

Re: For those retired or FI, how much do you spend annually?

From CFP Board whitepaper: Building a Wealth Management Practice: Measuring CFP® Professionals' Contribution https://tinyurl.com/y585cgyl This study references four different segments of advisor clients based on investable assets :  Mass-market clients have less than US$100,000 in investable assets...
by formerlybroke
Mon Jan 04, 2021 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 286
Views: 21626

Re: For those retired or FI, how much do you spend annually?

Does anybody spend significantly more than $90k/year in retirement? I speak with hundreds of retirees each year. Most are HNW individuals or couples. The median budget in retirement is about $70,000 - this includes travel but does not include income tax or gifts. Only about 10% of the retirees I sp...
by formerlybroke
Sun Jan 03, 2021 11:44 pm
Forum: Investing - Theory, News & General
Topic: Reinvesting dividends vs. trading costs
Replies: 7
Views: 410

Re: Reinvesting dividends vs. trading costs

May I’m not understanding your question. Reinvesting dividends in the same fund/ETF is done without cost. If you’re investing dividends from fund A into fund B, and the funds are no load, where’s the $10 charge coming from? Short answer for me: don’t accumulate dividends. Reinvest as they are paid, ...
by formerlybroke
Sun Jan 03, 2021 11:33 pm
Forum: Personal Consumer Issues
Topic: Any multimillionaire's (more than 2mm) out there still mow their own lawn?
Replies: 341
Views: 26109

Re: Any multimillionaire's (more than 2mm) out there still mow their own lawn?

Never. Ever.

DW enjoys all forms of yard work, DIY repair, painting, remodeling. Only gal in the neighborhood with TWO leaf blowers.

Have offered to hire gardener multiple time. After 33 years I’ve stopped asking...
by formerlybroke
Sun Jan 03, 2021 5:07 pm
Forum: Personal Consumer Issues
Topic: Unclaimed Property/Escheated Funds
Replies: 5
Views: 1644

Re: Unclaimed Property/Escheated Funds - Found Money?

Just listened to a podcast episode that updated folks that ‘found’ money that had been escheated. Thought, after searching archives, I’d bump this - as yesterday I was searching on behalf of family at various states’ sites. No luck for me, but there’s a whole lot of money out there waiting to be cla...
by formerlybroke
Sun Jan 03, 2021 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Buying expensive home vs cheap home and renovation
Replies: 50
Views: 3618

Re: Buying expensive home vs cheap home and renovation

Agreed. Kitchen alone can hit 50k pretty fast. Maybe I should pass 3) then? I cannot imagine being happy living there. Ive done that enough living in a walk up of manhattan for a year. OP Look cost of home improvements is always in a range determined by what you decide to do. Lot of good points by ...
by formerlybroke
Sun Jan 03, 2021 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Buying expensive home vs cheap home and renovation
Replies: 50
Views: 3618

Re: Buying expensive home vs cheap home and renovation

Always go for the best neighborhood. You can always add on or remodel later on, but you can't change your neighborhood without selling. Be sure to look at school ratings if that's important for you. Also school ratings affect home prices. We've both purchased a new home and remodeled an older home....
by formerlybroke
Sat Jan 02, 2021 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Single Member LLC quarterly tax question. Need help!
Replies: 3
Views: 226

Re: Single Member LLC quarterly tax question. Need help!

When I first exited corporate America and entered entrepreneurial America in 2007 (with LLC as you), I decided to use online payroll service to handle all payroll processing and tax payments/reporting. Yes, it’s a $55 cost per month, and is worth more to me as I don’t spend extra time trying to unde...
by formerlybroke
Sat Jan 02, 2021 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2526
Views: 583400

Re: Share your net worth progression

Dates posted below as start of year, with my age (wife is a bit younger). Net worth is joint and include home/car values/loans when applicable. 2016, age 22 | -12.000 (I started grad school, wife in undergrad) 2017, age 23 | 24,500 (wife graduated, started working) 2018, age 24 | 331,000 (lucky tra...
by formerlybroke
Sat Jan 02, 2021 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2526
Views: 583400

Re: Share your net worth progression

1976 $0.00 Literally, we spent our last dollar on drinks on our way home from our honeymoon. 40 years with the same company. Low level manager. Frugal. Generous. Reliable investor: 70/30 S&P 500/GNMA all the way. Raised two boys and paid for their college. 2020 $3.2 million Simple (not easy) st...
by formerlybroke
Sat Jan 02, 2021 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2526
Views: 583400

Re: Share your net worth progression

31, single income, 2 kids. Feel pretty good about our NW increase this year, since we bought a house w/ acreage, and there was a lot of capital expended on new tools and equipment to maintain the property. 2017 - $162,984 2018 - $213,642 2019 - $289,308 2020 - $383,954 At 31? Yeah, you should feel ...
by formerlybroke
Sat Jan 02, 2021 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2526
Views: 583400

Re: Share your net worth progression

Happy New Year! Year - Age - Net Worth - Salary 2019 - 22 - $8,100 - $12,100* 2020 - 23 - $75,800 - $89,200 I like the idea of tracking and updating here annually. I'm most inspired by the more "average-earner" progressions since I'm not in a high-paying career, but it's also nice to see ...
by formerlybroke
Fri Jan 01, 2021 7:44 pm
Forum: Personal Investments
Topic: Purchasing MYGAs - Blueprint Income vs. Gainbridge vs. Canvas
Replies: 152
Views: 11498

Re: Purchasing MYGAs - Blueprint Income vs. Gainbridge vs. Canvas

You are correct I cannot assess the commissions, embedded within the rates, but what I can do is look to see if there's any small difference in rates or any pattern thereof. If I don't see any distinctive pattern between the providers, then I have to assume the internal cost structure is similar. T...
by formerlybroke
Fri Jan 01, 2021 6:17 pm
Forum: Personal Investments
Topic: Purchasing MYGAs - Blueprint Income vs. Gainbridge vs. Canvas
Replies: 152
Views: 11498

Re: Purchasing MYGAs - Blueprint Income vs. Gainbridge vs. Canvas

It will be interesting to see if we can discern any difference in commissions to the provider, by comparing rates. Hopefully there will be enough MyGAs to compare. Speaking as a former senior executive at an insurance carrier who sold annuities, and who was actively involved in both the rate settin...
by formerlybroke
Fri Jan 01, 2021 12:53 am
Forum: Personal Finance (Not Investing)
Topic: 2020 Net Worth
Replies: 111
Views: 7482

Re: 2020 Net Worth

Our net worth increased 30% this year. It includes value of our home equity because that's the definition of net worth. Excluding home equity is by definition not net worth. +1...Thank you. Major re-engineering of portfolio in 2020 = significant reduction in equities. Still had 13.5% increase in NW...
by formerlybroke
Thu Dec 31, 2020 1:32 pm
Forum: Personal Consumer Issues
Topic: Are/Were you in a Mastermind Group?
Replies: 12
Views: 1909

Re: Are/Were you in a Mastermind Group?

I have both participated in and been the paid leader of mastermind groups. The one I participated in was a professional group of small business owners and the sole focus of the group was improving our practices through better uses of technology. It was quite productive and most calls resulted in an...
by formerlybroke
Wed Dec 30, 2020 9:32 pm
Forum: Personal Investments
Topic: Invest in a family friend's hedge fund?
Replies: 44
Views: 2312

Re: Invest in a family friend's hedge fund?

I'm 33, generally a passive index fund investor and have little interest in (or experience with) active, higher cost funds. - I currently have about 15% of my investable assets in cash (high yield savings) and would like to reduce that to 5% or less, but I'm nervous about adding that much to my ind...