Does YNAB do a good job of categorizing the expenses? Groceries vs gas vs clothing, etc?Fresh Air wrote: ↑Mon Dec 18, 2023 8:43 am YNAB user since 2017 here. Worth every penny to me. Auto-reconciles 10+ credit cards, multiple bank accounts, etc. With auto-imports, I can see in real-time if there is a fraudulent charge or mistake.
While we don’t really budget, the tracking & reporting is more than worth the money. Knowing the details of my spending habits allows me to optimize credit cash-back. I make more “free money” in a month (excess above, say, just using a single 2% card) than the yearly fee.
Search found 851 matches
- Mon Dec 18, 2023 9:25 am
- Forum: Personal Finance (Not Investing)
- Topic: Best budgeting tool
- Replies: 19
- Views: 1836
Re: Best budgeting tool
- Mon Dec 18, 2023 6:48 am
- Forum: Personal Finance (Not Investing)
- Topic: Best budgeting tool
- Replies: 19
- Views: 1836
Best budgeting tool
Hi
I’d like a tool that connects to my credit card and bank account an automatically categorizes my spending. I use every dollar now but I’m tired of manually entering all of my expenses
Thanks!
I’d like a tool that connects to my credit card and bank account an automatically categorizes my spending. I use every dollar now but I’m tired of manually entering all of my expenses
Thanks!
- Thu Dec 14, 2023 12:32 pm
- Forum: Personal Investments
- Topic: Investment Check Up and FIRE Question
- Replies: 4
- Views: 941
Investment Check Up and FIRE Question
Hi, I would appreciate any insight into my investment progress and desire for early retirement. Emergency Funds: 9 months expenses ($95,000) Debt: 15 year Mortgage at 2.875%. Remaining balance $350,000. Residence valued at $900,000 Tax Filing: MFJ. no state income tax Income: Single income household. 2023 will be approximately $775,000. Most years it is approximately $500,000 Age: male = 40, female = 48, child = 13 Desired Asset Allocation: 100% VTI for all funds except emergency fund (which is kept in vanguard money market) Retirement needs: Assuming we still have the mortgage and paying all expenses plus ACA for health care, we will need $120,000 in year 1. Current Assets: (total is just over $2,000,000) His Traditional 401k: $623,000 His...
- Fri Jul 21, 2023 9:01 pm
- Forum: Personal Finance (Not Investing)
- Topic: Removed
- Replies: 49
- Views: 5641
Re: asking for a layoff?
Removed
- Fri Jul 21, 2023 8:56 pm
- Forum: Personal Finance (Not Investing)
- Topic: Removed
- Replies: 49
- Views: 5641
- Fri Jul 21, 2023 8:56 pm
- Forum: Personal Finance (Not Investing)
- Topic: Removed
- Replies: 49
- Views: 5641
Re: asking for a layoff?
Is it crazy to contemplate volunteering? I`m obviously quite lucky to be so highly compensated, however, I don`t have any reason to believe I couldn`t obtain a similarly high salary at another organization. It's not crazy. I did it at the end of June. But, the difference is I am a lot older and was sure I was leaving one way or the other. You seem conflicted at this point, so first step is making up your mind wheter you are done with this job or not. If you are done then the recommendation above, to have a respectful conversation with your manager, is the place to begin. The key to success is assuring that a manager who is actually involved in the selection process understands your intentions. As noted, that may or may not be your boss. If...
- Fri Jul 21, 2023 8:55 pm
- Forum: Personal Finance (Not Investing)
- Topic: Removed
- Replies: 49
- Views: 5641
Re: asking for a layoff?
Meaty wrote: ↑Thu Jul 20, 2023 11:20 amGhostMang wrote: ↑Thu Jul 20, 2023 11:13 am In my experience when tough times hit some companies may put forth an opportunity for volunteers. Is there anyone in a higher position that you can ask questions to see if they're thinking about that? If you know layoffs are coming I would wait it out and see what the offers are. If you are looking to be included in the layoffs and given your cushion this is one of the few times I'd seriously consider "quite quitting" or at the least seriously dialing back your involvement.
[/quote
- Fri Jul 21, 2023 8:53 pm
- Forum: Personal Finance (Not Investing)
- Topic: Removed
- Replies: 49
- Views: 5641
- Fri Jul 21, 2023 8:53 pm
- Forum: Personal Finance (Not Investing)
- Topic: Removed
- Replies: 49
- Views: 5641
Re: asking for a layoff?
Removed
- Fri Jul 21, 2023 8:51 pm
- Forum: Personal Finance (Not Investing)
- Topic: Removed
- Replies: 49
- Views: 5641
Re: asking for a layoff?
Is it crazy to contemplate volunteering? I`m obviously quite lucky to be so highly compensated, however, I don`t have any reason to believe I couldn`t obtain a similarly high salary at another organization. It's not crazy. I did it at the end of June. But, the difference is I am a lot older and was sure I was leaving one way or the other. You seem conflicted at this point, so first step is making up your mind wheter you are done with this job or not. If you are done then the recommendation above, to have a respectful conversation with your manager, is the place to begin. The key to success is assuring that a manager who is actually involved in the selection process understands your intentions. As noted, that may or may not be your boss. If...
- Fri Jul 21, 2023 8:50 pm
- Forum: Personal Finance (Not Investing)
- Topic: Removed
- Replies: 49
- Views: 5641
Re: asking for a layoff?
Hi, I`m a highly compensated employee at an organization that has been floundering for several years. As you would expect, the work environment has become extraordinarily difficult and, given my level, I`m aware more layoffs are coming. I`m considering volunteering but would like a sanity check from the forum. Here`s my current financial position: Emergency fund: 12 months expenses Debt: $365,000 on a 15 year fix mortgage (rate 2.8%). No other debt Tax filing: MFJ Age 39, spouse 46 Sole earner; no other income beyond my employment Current Assets Taxable: $1,143,000 Retirement (including 401k, roth, HSA, etc) $1,045,000 Currently saving $306,000 annually (including employer match) Annual expenses $90,000 The severance package is a lump sum ...
- Fri Jul 21, 2023 8:49 pm
- Forum: Personal Finance (Not Investing)
- Topic: Removed
- Replies: 49
- Views: 5641
Re: asking for a layoff?
Is it crazy to contemplate volunteering? I`m obviously quite lucky to be so highly compensated, however, I don`t have any reason to believe I couldn`t obtain a similarly high salary at another organization. It's not crazy. I did it at the end of June. But, the difference is I am a lot older and was sure I was leaving one way or the other. You seem conflicted at this point, so first step is making up your mind wheter you are done with this job or not. If you are done then the recommendation above, to have a respectful conversation with your manager, is the place to begin. The key to success is assuring that a manager who is actually involved in the selection process understands your intentions. As noted, that may or may not be your boss. If...
- Fri Jul 21, 2023 8:49 pm
- Forum: Personal Finance (Not Investing)
- Topic: Removed
- Replies: 49
- Views: 5641
Re: asking for a layoff?
Is it crazy to contemplate volunteering? I`m obviously quite lucky to be so highly compensated, however, I don`t have any reason to believe I couldn`t obtain a similarly high salary at another organization. It's not crazy. I did it at the end of June. But, the difference is I am a lot older and was sure I was leaving one way or the other. You seem conflicted at this point, so first step is making up your mind wheter you are done with this job or not. If you are done then the recommendation above, to have a respectful conversation with your manager, is the place to begin. The key to success is assuring that a manager who is actually involved in the selection process understands your intentions. As noted, that may or may not be your boss. If...
- Fri Jul 21, 2023 8:48 pm
- Forum: Personal Finance (Not Investing)
- Topic: Removed
- Replies: 49
- Views: 5641
Re: asking for a layoff?
Meaty wrote: ↑Thu Jul 20, 2023 11:09 ammoneywise3 wrote: ↑Thu Jul 20, 2023 11:04 am You are definitely is a good position. Your numbers even make sense if you'd consider retirement.
- Fri Jul 21, 2023 4:55 am
- Forum: Personal Finance (Not Investing)
- Topic: Removed
- Replies: 49
- Views: 5641
Re: asking for a layoff?
Is it crazy to contemplate volunteering? I`m obviously quite lucky to be so highly compensated, however, I don`t have any reason to believe I couldn`t obtain a similarly high salary at another organization. It's not crazy. I did it at the end of June. But, the difference is I am a lot older and was sure I was leaving one way or the other. You seem conflicted at this point, so first step is making up your mind wheter you are done with this job or not. If you are done then the recommendation above, to have a respectful conversation with your manager, is the place to begin. The key to success is assuring that a manager who is actually involved in the selection process understands your intentions. As noted, that may or may not be your boss. If...
- Thu Jul 20, 2023 8:13 pm
- Forum: Personal Finance (Not Investing)
- Topic: Removed
- Replies: 49
- Views: 5641
Re: asking for a layoff?
Hi, I`m a highly compensated employee at an organization that has been floundering for several years. As you would expect, the work environment has become extraordinarily difficult and, given my level, I`m aware more layoffs are coming. I`m considering volunteering but would like a sanity check from the forum. Here`s my current financial position: Emergency fund: 12 months expenses Debt: $365,000 on a 15 year fix mortgage (rate 2.8%). No other debt Tax filing: MFJ Age 39, spouse 46 Sole earner; no other income beyond my employment Current Assets Taxable: $1,143,000 Retirement (including 401k, roth, HSA, etc) $1,045,000 Currently saving $306,000 annually (including employer match) Annual expenses $90,000 The severance package is a lump sum ...
- Thu Jul 20, 2023 8:09 pm
- Forum: Personal Finance (Not Investing)
- Topic: Removed
- Replies: 49
- Views: 5641
- Thu Jul 20, 2023 11:34 am
- Forum: Personal Finance (Not Investing)
- Topic: Removed
- Replies: 49
- Views: 5641
Re: asking for a layoff?
What was it like when they said no? I’m a bit worried about this - that I’ll be treated even more poorly if I’m perceived as having one foot out the doorSmileyFace wrote: ↑Thu Jul 20, 2023 11:30 am I would do it. Be prepared - they might say no.
I tried a couple of times with a company I worked for. I was told I was too valuable so wasn't eligible - made me jealous as others were getting 12 months pay and I ultimately had to quit with no package.
- Thu Jul 20, 2023 11:32 am
- Forum: Personal Finance (Not Investing)
- Topic: Removed
- Replies: 49
- Views: 5641
Re: asking for a layoff?
There is no value in volunteering for a severance. You will have your current job until you don’t. If you want to leave, find a new job while you have a job. The $300k is a lot of money but you will earn the same (or more) if you stay and work. It isn’t free money. And being unemployed for X years cuts into the value of the severance. You are in a great spot with options. Many of your coworkers may not be in the same position. And, maybe you can help turnaround the company to earn even more money. Think of the severance as a parachute (safety net) and not a stepping stone. And, surprise, they might wiggle out of giving it to you or anyone especially if they are in money trouble. Can you expand on why there’s no value? If I can’t get reempl...
- Thu Jul 20, 2023 11:20 am
- Forum: Personal Finance (Not Investing)
- Topic: Removed
- Replies: 49
- Views: 5641
Re: asking for a layoff?
Thanks. The company isn’t asking for volunteers. I was thinking of proactively bringing it up with my boss through the lens of helping the organization, etc. your point is valid I might be impacted anyway.GhostMang wrote: ↑Thu Jul 20, 2023 11:13 am In my experience when tough times hit some companies may put forth an opportunity for volunteers. Is there anyone in a higher position that you can ask questions to see if they're thinking about that? If you know layoffs are coming I would wait it out and see what the offers are. If you are looking to be included in the layoffs and given your cushion this is one of the few times I'd seriously consider "quite quitting" or at the least seriously dialing back your involvement.
- Thu Jul 20, 2023 11:11 am
- Forum: Personal Finance (Not Investing)
- Topic: Removed
- Replies: 49
- Views: 5641
Re: asking for a layoff?
Ive thought about it - but I don’t know how i could time up the new job and getting severance perfectly (and I don’t want to walk away from so much severanceJack FFR1846 wrote: ↑Thu Jul 20, 2023 11:09 am If you're seriously considering this, get out there on the market and find a new job. It is immensely easier to find a new job if you are currently employed than if you are not employed. If you have a solid job offer, you can accept it, then volunteer for the layoff.
- Thu Jul 20, 2023 11:09 am
- Forum: Personal Finance (Not Investing)
- Topic: Removed
- Replies: 49
- Views: 5641
Re: asking for a layoff?
Thanks for the quick response. I’m shooting for a 3% withdrawal rate so I’m not quite ready to pull out altogether, but I’m ok with a lower paying / lower stress gigmoneywise3 wrote: ↑Thu Jul 20, 2023 11:04 am You are definitely is a good position. Your numbers even make sense if you'd consider retirement.
- Thu Jul 20, 2023 11:00 am
- Forum: Personal Finance (Not Investing)
- Topic: Removed
- Replies: 49
- Views: 5641
Removed
Removed
- Thu May 05, 2022 7:00 pm
- Forum: Investing - Theory, News & General
- Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
- Replies: 14356
- Views: 1988954
Re: HEDGEFUNDIE's excellent adventure Part II: The next journey
As someone who ran this for 2 years including during the covid crash - i can’t fathom why anyone is still in. I bailed mid 2021 when the Fed made it clear TMF was going to get killed.
- Tue Jan 18, 2022 1:58 pm
- Forum: Investing - Theory, News & General
- Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
- Replies: 14356
- Views: 1988954
Re: HEDGEFUNDIE's excellent adventure Part II: The next journey
I dont know how so many have stayed in. I rode HFEA for about 2 years and ducked out mid-last year. Knowing rate hikes are coming suggests this strategy will under perform in the near term. I know i know - never market time but the Fed has literally outlined their plan to crush half this investment
- Fri Dec 24, 2021 7:07 pm
- Forum: Personal Finance (Not Investing)
- Topic: What to do if Mortgage services does not fix error on there side?
- Replies: 8
- Views: 1203
Re: What to do if Mortgage services does not fix error on there side?
Hi, I am not sure where to go next with an issue with my mortgage service company. I am looking for help who to contact next and what to do. I refinanced my mortgage with goMortgage.com in June of 2021. The mortgage got transferred to BSI Financial. At the beginning I had no issues. But out of the blue I got past-due notices. It turns out they paid my property tax. However, my mortgage is a no-escrow. So, they dis not charge me monthly for escrow. However, they debited my account and as a result told me I am past-due as I only paid regular mortgage payments. Cook county refunded BSI automatically as they noticed that they got overpaid as I made the property tax payment earlier myself. You would think the issue would then resolve itself. Bu...
- Fri Dec 17, 2021 8:00 pm
- Forum: Investing - Theory, News & General
- Topic: Ira conversion
- Replies: 9
- Views: 774
Re: Ira conversion
Im on target to retire in a few years at 44. While i have a large brokerage account, im also trying to determine how i can access retirement accounts without penalty. I recommend you use the search feature to explore “Roth Conversion Ladder”. Also the ordering rules for withdrawals are such that you will always withdraw contributions and qualified conversions before unqualified conversions and earnings, so the process is pretty straightforward. If you convert a year’s living expenses each year starting at age 39, you can create a continuous retirement income ladder that can provide your living expenses. Thank you. Is there a way to determine when you’re exhausted the qualified conversions and are beginning to withdraw earnings? Simple rule...
- Thu Dec 16, 2021 7:19 pm
- Forum: Investing - Theory, News & General
- Topic: Ira conversion
- Replies: 9
- Views: 774
Re: Ira conversion
Thank you. Is there a way to determine when you’re exhausted the qualified conversions and are beginning to withdraw earnings?David Jay wrote: ↑Thu Dec 16, 2021 7:15 pmI recommend you use the search feature to explore “Roth Conversion Ladder”.
Also the ordering rules for withdrawals are such that you will always withdraw contributions and qualified conversions before unqualified conversions and earnings, so the process is pretty straightforward. If you convert a year’s living expenses each year starting at age 39, you can create a continuous retirement income ladder that can provide your living expenses.
- Thu Dec 16, 2021 7:09 pm
- Forum: Investing - Theory, News & General
- Topic: Ira conversion
- Replies: 9
- Views: 774
Re: Ira conversion
You are correct, as long as you only withdraw the conversion amount. Earnings gained on the conversion will be subject to both tax and 10% penalty until age 59.5 Performing this each year for 5 or more years (in order to have one year’s expenses reach the clock each year) is sometimes called a “Roth Conversion Ladder” Roth IRA Distribution Table UNDER AGE 59.5 FIVE YEAR CONVERSION HOLDING PERIOD NOT MET Contributions: Tax-No; Penalty-No Conversions: Tax-No; Penalty-Yes (Taxable Portion) Conversions: Tax-No ;Penalty-No (Nontaxable Portion) Earnings: Tax-Yes; Penalty-Yes UNDER AGE 59.5 FIVE YEAR CONVERSION HOLDING PERIOD MET Contributions: Tax-No; Penalty-No Conversions: Tax-No; Penalty-No (Taxable Portion) Conversions: Tax-No; Penalty-No (N...
- Thu Dec 16, 2021 6:43 pm
- Forum: Investing - Theory, News & General
- Topic: Ira conversion
- Replies: 9
- Views: 774
Ira conversion
If i convert funds from a traditional IRA, wait 5 years, and then withdraw that money before age 59.5, will i have to pay the 10% penalty?
I believe the answer is “no” as the conversion essentially becomes a “contribution” so long as the 5 year waiting period is met but would like the collective wisdom to confirm.
Thanks!
I believe the answer is “no” as the conversion essentially becomes a “contribution” so long as the 5 year waiting period is met but would like the collective wisdom to confirm.
Thanks!
- Thu Dec 02, 2021 7:35 pm
- Forum: Personal Investments
- Topic: Nusi [opinions on covered call funds]
- Replies: 37
- Views: 3958
- Thu Dec 02, 2021 7:16 pm
- Forum: Personal Investments
- Topic: Nusi [opinions on covered call funds]
- Replies: 37
- Views: 3958
Nusi [opinions on covered call funds]
[edited thread title for clarity - moderator prudent]
What is the collective thought on covered call funds like NUSI, QYLD, jepi, etc? They haven’t been around long but the logic seems spot on. Are these worth investing in as part of the fixed income portfolio?
What is the collective thought on covered call funds like NUSI, QYLD, jepi, etc? They haven’t been around long but the logic seems spot on. Are these worth investing in as part of the fixed income portfolio?
- Mon Nov 15, 2021 7:41 pm
- Forum: Investing - Theory, News & General
- Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
- Replies: 14356
- Views: 1988954
Re: HEDGEFUNDIE's excellent adventure Part II: The next journey
What of the Fed has to raise rates faster? Thats the concern - inflation is more robust than they expect. The impact on TMF could be substantial at the same time UPRO would be getting hit hardAfrofreak wrote: ↑Mon Nov 15, 2021 5:02 pm Oh, ok, we've been talking about two different things here this entire time. I agree with everything you said then. The point is, the Fed interest rate hikes are priced in, so it makes no sense not to invest in Treasuries now in anticipation of those rate hikes, as if TLT/TMF is magically going to drop in price the day the hike is announced. It's already priced in.
- Mon Oct 18, 2021 7:55 am
- Forum: Investing - Theory, News & General
- Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
- Replies: 14356
- Views: 1988954
Re: HEDGEFUNDIE's excellent adventure Part II: The next journey
We can see this in Simba's spreadsheet. Since 1955: 55/45 UPRO/TYD has the same CAGR and lower stdev and low max-drawdown than UPRO/TMF. The more you look at it, the more that TMF becomes indefensible. Of course this all is only relevant for people who aren't willing/able to use futures.. because futures make the choice very easy... we can get as much bond exposure as we want at the duration we want. What kind of difference are we talking about between 45% of TYD vs TMF, when used with 55% UPRO for returns since 1955? I ran an asset class backtest with data going back to start of 1978 - nothing about that backtest - other than slightly lower drawdown - seem particularly convincing that I should switch from TMF to TYD, so maybe something ma...
- Wed Sep 01, 2021 10:55 am
- Forum: Investing - Theory, News & General
- Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
- Replies: 14356
- Views: 1988954
Re: HEDGEFUNDIE's excellent adventure Part II: The next journey
How does everyone feel about entering this strategy today? I exited earlier in the year on fear of big rate increases (which didn’t materialize) and am thinking of getting back in. Thoughts? This is a buy and hold strategy. Market timing is a no-no to begin with. Market timing with leverage opens you up to a huge risk of timing wrong. If you couldn't hold the first time, maybe it's not the strategy for you. If you are concerned about rate increases, replace the LTT in HFEA with 1.5-2x as much ITT. They will be less affected by a rate increase and have more return from carry and roll which will act as a buffer if rates increase. The historical performance of such a portfolio is significantly better than HFEA in every decade including/especi...
- Wed Sep 01, 2021 9:11 am
- Forum: Investing - Theory, News & General
- Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
- Replies: 14356
- Views: 1988954
Re: HEDGEFUNDIE's excellent adventure Part II: The next journey
How does everyone feel about entering this strategy today? I exited earlier in the year on fear of big rate increases (which didn’t materialize) and am thinking of getting back in.
Thoughts?
Thoughts?
- Mon Feb 22, 2021 1:40 pm
- Forum: Investing - Theory, News & General
- Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
- Replies: 14356
- Views: 1988954
Re: HEDGEFUNDIE's excellent adventure Part II: The next journey
The bear case for bonds is straightforward - there is a strong expectation that inflation will materialize soon. Whether it will or not or by what degree is the trillion dollar question. Inflation is very bad for TMF (look at 1955-1980 backtests), but not necessary bad for UPRO. You can read about some strategists looking for inflation-proof sectors (energy is one). I think this is perhaps where my confusion lies. I feel I have a solid understanding of bond fundamentals. What I may be missing is knowledge around bond *funds*. Interest rates low, good for equities. Cheap borrowing. Interest rates falling, good for existing bonds. Sell existing bonds at a higher price point. Interest rates rising, good for new bond purchases, bad for bond fu...
- Mon Feb 22, 2021 12:24 pm
- Forum: Investing - Theory, News & General
- Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
- Replies: 14356
- Views: 1988954
Re: HEDGEFUNDIE's excellent adventure Part II: The next journey
Can someone explain to me why bond yields rising is bad for this strategy / a "bear case"? I thought bond yields going up is good for bonds? The price of a bond is inversely correlated to interest rates So if bond yields go up, wouldn’t that mean interest rates are going down? I would respectfully and amicably recommend that you stop any involvement in HFEA immediately, thoroughly educate yourself starting with absolute basic financial concepts and reassess your plans thereafter. I think I just didn't understand that Meaty meant bear case for equities. I thought he was referring to a bear case for bonds. I am referring to a bear case for bonds. As suggested above, I think it would behoove you to better understand the relationship...
- Mon Feb 22, 2021 10:41 am
- Forum: Investing - Theory, News & General
- Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
- Replies: 14356
- Views: 1988954
Re: HEDGEFUNDIE's excellent adventure Part II: The next journey
Bond yield getting up = bond price down = TMF down Once investors see bond yield has enough attraction for them they will dump equity from upro to bond. It makes sense? But here’s the problem: if that’s the case, Tmf should up instead of down. Any the question is where is the money going from equity? Bond? No since we see tmf is down. Gold? Price of gold is staying so I guess no. BTC? It drops 10% today, it’s a no for sure. Maybe investors are cashing out. Maybe the “stock inflation “ is shifting to real inflation. I don’t know. Any thoughts? Several articles on Bloomberg yesterday about bond yields. TLDR; the bear case - bond yields will continue rise over the course of the vaccine rollout and "return to normality". The bull cas...
- Mon Jan 25, 2021 4:58 pm
- Forum: Personal Finance (Not Investing)
- Topic: Multiple of expenses before career downshift
- Replies: 2
- Views: 586
Multiple of expenses before career downshift
Like the title says - I’m burning out and looking to down shift my career. Is there guidance on how much should be saved before doing so?
- Wed Jan 13, 2021 5:24 am
- Forum: Personal Finance (Not Investing)
- Topic: Got a job offer for $840k/yr. Should I come out of retirement?
- Replies: 256
- Views: 46535
Re: Got a job offer for $840k/yr. Should I come out of retirement?
I'm struggling with whether or not to come out of retirement and would love to get some feedback from fellow Bogleheads. Background I retired in 2018, when I was 35 year old, right before my 36th birthday. I'm now 38 and have a stock portfolio >$6 million. (98% broad market index funds, 2% cash, zero bonds, zero real estate) My yearly expenses are ~110k. I have no kids and pretty close to zero obligations. I've really enjoyed not working and have worked toward personal goals that I find more fulfilling than work. In the ~2.5 years since I retired, I overcame my fear of deep water by finally learning to swim and swam from Alcatraz to San Francisco, achieved personal records in power lifting, got 1st place in a local jujitsu tournament, and ...
- Tue Jan 12, 2021 11:13 am
- Forum: Investing - Theory, News & General
- Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
- Replies: 14356
- Views: 1988954
Re: HEDGEFUNDIE's excellent adventure Part II: The next journey
Agree. I think this scenario has been back tested heavily. The out performance is significantly less in a rising rate environment but, from what I recall, it’s hyper-inflation and stagflation that are true killers for this strategy.willthrill81 wrote: ↑Tue Jan 12, 2021 11:06 amBoth stocks and LTT falling at the same time is very far from unprecedented.Marseille07 wrote: ↑Tue Jan 12, 2021 10:59 amA bigger concern isn't 15% vs 77% but that SPX down -0.15% and TMF going -2%. Not working as a hedge right now.willthrill81 wrote: ↑Tue Jan 12, 2021 10:29 am15% in 7 days is nothing. UPRO lost 77% between 2/19/20 and 3/23/20.
- Sat Jan 09, 2021 4:03 pm
- Forum: Investing - Theory, News & General
- Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
- Replies: 14356
- Views: 1988954
Re: HEDGEFUNDIE's excellent adventure Part II: The next journey
This is a great post. The rate has nearly doubled since the March low. Just proves moderately rising rates are not catastrophe; hyper inflation or stagflation is another storytomphilly wrote: ↑Sat Jan 09, 2021 8:24 am Does anyone watch the 30 year treasury yield? We're almost back to 2%. I vaguely remember someone here mentioning getting back into the strategy (or switching their hedge back to TMF) around this point. It's a bit arbitrary but we're almost back at pre-pandemic rates - the question is, where to now.
- Thu Jan 07, 2021 7:01 pm
- Forum: Investing - Theory, News & General
- Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
- Replies: 14356
- Views: 1988954
Re: HEDGEFUNDIE's excellent adventure Part II: The next journey
Considering the 10 year is projected to hit 1.5 this year, how much will TMF fall in price if that occurs? I’m unsure how to calculate
- Tue Jan 05, 2021 8:03 am
- Forum: Personal Investments
- Topic: Back door Roth help
- Replies: 4
- Views: 482
Re: Back door Roth help
Hi I’m trying to complete my back door Roth contribution for the year by selling some of my taxable vtsax at vanguard, putting it *in my settlement fund* , and then using that to fund my traditional Ira. I’ve got the money *into the settlement fund* but the website says using funds from the settlement fund isn’t considered a contribution (emphasis added by me) Which account's settlement fund are you referring to? (Related question: is the VTSAX in a brokerage account, so that the taxable account has its own settlement fund? (and the tIRA has a second, separate settlement fund?) Or is the VTSAX, by chance, in an "old platform" Vanguard-mutual-funds-only, non-brokerage account, so that there is no settlement account associated with...
- Tue Jan 05, 2021 5:23 am
- Forum: Personal Investments
- Topic: Back door Roth help
- Replies: 4
- Views: 482
Back door Roth help
Hi
I’m trying to complete my back door Roth contribution for the year by selling some of my taxable vtsax at vanguard, putting it in my settlement fund, and then using that to fund my traditional Ira. I’ve got the money into the settlement fund but the website says using funds from the settlement fund isn’t considered a contribution
How exactly do I get the money where I want it to go? The website seems to be particularly unhelpful - do I have to send the money to my external bank account? If so, I seem to be having trouble getting my settlement funds withdrawn (don’t see an option for that)
Thanks
I’m trying to complete my back door Roth contribution for the year by selling some of my taxable vtsax at vanguard, putting it in my settlement fund, and then using that to fund my traditional Ira. I’ve got the money into the settlement fund but the website says using funds from the settlement fund isn’t considered a contribution
How exactly do I get the money where I want it to go? The website seems to be particularly unhelpful - do I have to send the money to my external bank account? If so, I seem to be having trouble getting my settlement funds withdrawn (don’t see an option for that)
Thanks
- Mon Jan 04, 2021 7:26 am
- Forum: Personal Finance (Not Investing)
- Topic: Who is ACTUALLY working PT just for benefits?
- Replies: 14
- Views: 1922
Re: Who is ACTUALLY working PT just for benefits?
Would also love to hear as I’m considering this myself
- Wed Dec 30, 2020 1:38 pm
- Forum: Personal Consumer Issues
- Topic: Junk removal companies?
- Replies: 42
- Views: 4833
Re: Junk removal companies?
I have a move coming up, and I anticipate that I will have maybe 1/3 of a garage full of junk or near-junk (i.e., things that I wouldn't bother to burden Goodwill with). I plan to hire a junk-removal company, but I didn't know if it was better to go with the "GOT JUNK" folks (big national company) or someone local. Importantly, I anticipate that there will be timing issues such that I will need them to arrive in a somewhat narrow window. To me that argues in favor of one of the bigger companies, just because they at least advertise that they show up same-day and haul on the spot after giving an estimate. But I figured I'd ask here. The last thread I could find on this was in 2012 (https://www.bogleheads.org/forum/viewtopic.php?t=...
- Wed Dec 30, 2020 1:02 pm
- Forum: Personal Finance (Not Investing)
- Topic: Wait until 70 to take social security?
- Replies: 161
- Views: 19474
Re: Wait until 70 to take social security?
It is actuarily equivalent. You get 8% more per year because you will collect for 1 less year. The break even is in the low 80s (ie you’d have to live to 83 before you’ll collect more by delaying taking SS)Gabelli2020 wrote: ↑Sat Nov 14, 2020 10:18 pm I’m 65, retired, approaching my full retirement at 66and 2 months. Take S.S. then and get $2760 a month or wait until 70 and get $3607 ?I live frugally, and don’t need the added money. When I run the numbers, investing the earlier amount at 6% leads to a head start the larger withdrawal doesn’t catch if similarly invested. ( Ran to age 90). Wife is 4 years younger, and would draw$1544 at 67 or $1914 at 70. What am I missing?
- Tue Dec 29, 2020 6:54 pm
- Forum: Personal Investments
- Topic: How to get higher returns with secured loans
- Replies: 53
- Views: 4296
Re: How to get higher returns with secured loans
What sort of paperwork do you do? I imagine the biggest is getting the mortgage loan recorded with the county? I imagine it's just a signed contract, then pay 'john seller their 30k(from 1st example)', then record with the county on the property in question? +1 Once the seller agrees to my offer, I usually order a mortgagee title insurance policy just to be sure there are no other mortgages on the property, etc, and I get an assignment and have it recorded. The assignment transfers the mortgage to me. I then send a letter to the buyer telling them the mortgage has been assigned to me, and I give them my mailing address so they can send payments to me. Once you get it set up, it's just a matter of taking the checks to the bank every month. ...