Search found 11121 matches

by JoMoney
Sun Apr 11, 2021 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 104
Views: 6464

Re: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB

^ You're free to make whatever "plan assumptions" you want, but if you're trying to solicit feedback on a hypothetical future state of law you're going to open it up for all kinds of wild assumptions about the possibility of the future. What if income tax moves to a flat tax and/or nationa...
by JoMoney
Sun Apr 11, 2021 11:37 am
Forum: Investing - Theory, News & General
Topic: Real Estate Risk: What Do You Call This Kind?
Replies: 11
Views: 903

Re: Real Estate Risk: What Do You Call This Kind?

... This is true for any of us at any time to move to a place like Mississippi or Oklahoma. In the real world, place is not fungible No, "most of us" aren't making $90k a year while living in an area where homes are selling for $2M (and I'm guessing would rent @ $10k a month/$120k a year).
by JoMoney
Sun Apr 11, 2021 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 104
Views: 6464

Re: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB

It's neither easy nor cheap to make yourself 'paper poor' in order to get on Medicaid. Moving a tax-deferred balance into a trust requires realizing the income first and paying taxes accordingly. Which is the whole point of this thread...tax-deferred balances are a pain to deal with in retirement. ...
by JoMoney
Sun Apr 11, 2021 10:29 am
Forum: Investing - Theory, News & General
Topic: Real Estate Risk: What Do You Call This Kind?
Replies: 11
Views: 903

Re: Real Estate Risk: What Do You Call This Kind?

FOMO Real estate agent salesmanship Possibly "opportunity cost" I don't view it as big an issue as some people perceive it. While it's regrettable if you missed out an opportunity to buy an investment that went up in value, that's not really a "risk". If the cost of housing in t...
by JoMoney
Sun Apr 11, 2021 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 104
Views: 6464

Re: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB

I fully expect that many BHs will be surprised by their Federal marginal tax bracket in retirement. The various things that can lead to this (tax changes, becoming single, etc) have been discussed elsewhere. Yep, I shake my head at people with million dollar HSAs. Wait until they find out medicare ...
by JoMoney
Sun Apr 11, 2021 9:40 am
Forum: Personal Consumer Issues
Topic: Best Cell Carrier to Use in the US Temporary?
Replies: 14
Views: 800

Re: Best Cell Carrier to Use in the US Temporary?

There are lots of good MVNO carriers to do this with, when I was working/living overseas I did what you're suggesting whenever I was back in the U.S. One important thing to be aware of, is many phones that work with non-U.S. carriers don't use the frequency bands as the U.S. carriers Make sure the p...
by JoMoney
Sun Apr 11, 2021 9:14 am
Forum: Personal Investments
Topic: Mixing Bogle and Ramsey to build my portfolio
Replies: 73
Views: 5599

Re: Mixing Bogle and Ramsey to build my portfolio

Your "mixing Bogle and Ramsey" portfolio looks like the Taylor/Boglehead recommended "Three Fund Portfolio" or a Vanguard Target Retirement fund. Your portfolio looks nothing like a Ramsey recommendation of paying an advisor to put you into active (likely high-fee) "Growth, ...
by JoMoney
Sun Apr 11, 2021 8:58 am
Forum: Investing - Theory, News & General
Topic: Real Estate Risk: What Do You Call This Kind?
Replies: 11
Views: 903

Re: Real Estate Risk: What Do You Call This Kind?

FOMO Real estate agent salesmanship Possibly "opportunity cost" I don't view it as big an issue as some people perceive it. While it's regrettable if you missed out an opportunity to buy an investment that went up in value, that's not really a "risk". If the cost of housing in th...
by JoMoney
Sat Apr 10, 2021 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: Theory: The Only Four Situations Justifying Debt
Replies: 86
Views: 5470

Re: Theory: The Only Four Situations Justifying Debt

Having a list of 4 excuses to "justify" debt means there are probably more, so saying these are the " ONLY " 4 seems unrealistic. With regard to #4, I could make an excuse to call just about anything a "true emergency". I wouldn't borrow to save in 401k. I do think the ...
by JoMoney
Sat Apr 10, 2021 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Do budgets work?
Replies: 102
Views: 3604

Re: Do budgets work?

To me, budgets are like diets. Do diets really work? Or is lifestyle change really more sustainable? To have "lifestyle change" you have to first take notice of the thing(s) that require changing. Eventually better choices (hopefully) become the lifestyle habit. Similar to people that con...
by JoMoney
Sat Apr 10, 2021 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Do budgets work?
Replies: 102
Views: 3604

Re: Do budgets work?

Yes, it works. You can't manage what you don't measure. Just writing down what you eat (and the calories) can help you "budget" a diet and lose weight. It works the same with your money expenditures. The act of paying attention to it gives you more ability to make higher minded choices to ...
by JoMoney
Sat Apr 10, 2021 8:19 am
Forum: Personal Investments
Topic: Protect savings from imminent inflation?
Replies: 24
Views: 2058

Re: Protect savings from imminent inflation?

Savers face all sorts of risks going forward, that's always the case, we don't know that any of us will even see a tomorrow. Under some scenarios it will have been better to enjoy your money now rather than save for unknown future, possibly even better to be in lots of fixed interest debt to be paid...
by JoMoney
Fri Apr 09, 2021 9:50 am
Forum: Investing - Theory, News & General
Topic: TSLA gamed the system - Could Index Funds Be ‘Worse Than Marxism’?
Replies: 107
Views: 10948

Re: TSLA gamed the system - Could Index Funds Be ‘Worse Than Marxism’?

At what aspect of Marxism are index funds worse? If one has a negative view of Marxism, could being bad at it be a positive thing :confused
by JoMoney
Fri Apr 09, 2021 9:01 am
Forum: Investing - Theory, News & General
Topic: Beat the market by only holding after hours
Replies: 56
Views: 3312

Re: Beat the market by only holding after hours

There are many similar anomalies, https://en.wikipedia.org/wiki/Calendar_effect I would be hesitant to believe any of them could be executed with success. Trying to sell at the open and buy at the close can be particularly annoying as those can be low-volume and volatile times to execute your trades...
by JoMoney
Fri Apr 09, 2021 8:36 am
Forum: Personal Consumer Issues
Topic: fan trips GFCI; can I plug into surge protector?
Replies: 21
Views: 1207

Re: fan trips GFCI; can I plug into surge protector?

... True.... but all our kitchen outlets (3) are on the same GFCI, so something that sensitive would drive me crazy. I would swap out the gfci outlet for $20 and see if it helps. Thanks, I'm a renter... I might mention it to the landlord at some point for their awareness, but I'm not going to put a...
by JoMoney
Fri Apr 09, 2021 8:34 am
Forum: Personal Finance (Not Investing)
Topic: What's Your View Of the Fidelity 2% Cash Back Visa Credit Card
Replies: 58
Views: 4571

Re: What's Your View Of the Fidelity 2% Cash Back Visa Credit Card

One thing to be aware of is that buried in the fine print credit card companies(and things like car loans) have what is called, "The right of offset", where if there is an unpaid charge they can take money out of other accounts that you have at that financial institution. These means that...
by JoMoney
Fri Apr 09, 2021 8:17 am
Forum: Personal Consumer Issues
Topic: fan trips GFCI; can I plug into surge protector?
Replies: 21
Views: 1207

Re: fan trips GFCI; can I plug into surge protector?

I could imagine a fan being turned on/off as being exactly the type of change in current flow that should cause it to trip. When a fan is turned off and still spinning it's essentially an electrical generator at that point and might be sending some small amount back up the line. I have one of those...
by JoMoney
Fri Apr 09, 2021 8:06 am
Forum: Personal Consumer Issues
Topic: fan trips GFCI; can I plug into surge protector?
Replies: 21
Views: 1207

Re: fan trips GFCI; can I plug into surge protector?

I could imagine a fan being turned on/off as being exactly the type of change in current flow that should cause it to trip. When a fan is turned off and still spinning it's essentially an electrical generator at that point and might be sending some small amount back up the line. I have one of those ...
by JoMoney
Fri Apr 09, 2021 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity 2% Credit Card: [Update on Experiences, drops two benefits]
Replies: 167
Views: 12437

Re: Fidelity 2% Credit Card: Update on Any Issues or Experiences

Wouldn't umbrella insurance accomplish the same objective as a credit card's collision damage waiver protection? Maybe, but an important difference is in the case of the collision damage waiver protection you do not have to make a claim against your own insurance policy and deal with the inevitable...
by JoMoney
Thu Apr 08, 2021 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your View Of the Fidelity 2% Cash Back Visa Credit Card
Replies: 58
Views: 4571

Re: What's Your View Of the Fidelity 2% Cash Back Visa Credit Card

It was pretty much the only card I used for years. 2% cash back was great. Being integrated with Fidelity so I don't have yet-another account/password was also great. I haven't used it lately because I got a card offering a higher cash bonus in certain areas and in my first year. I was expecting to ...
by JoMoney
Thu Apr 08, 2021 6:45 pm
Forum: Investing - Theory, News & General
Topic: Why 1971 has become the starting point for increasing income inequality?
Replies: 24
Views: 1572

Re: Why 1971 has become the starting point for increasing income inequality?

Supply and demand for labor. FWIW, increased "inequality" can be beneficial if the overall standard is rising. "Equality" is easy when everybody has nothing. In before the lock. How is that beneficial for everyone, from the fairness perspective? After all, the "overall stan...
by JoMoney
Thu Apr 08, 2021 6:18 pm
Forum: Personal Investments
Topic: Best passive besides dividends?
Replies: 8
Views: 1149

Re: Best passive besides dividends?

Over the 20 years from Dec 31, 1999 through Dec 31, 2019 the " Book Value " of the S&P 500 grew from $290.68 per share, to $914.49. https://www.multpl.com/s-p-500-book-value/table/by-year That's about a 6% annualized growth rate, on top of paying out a roughly 2% dividend (the dividend...
by JoMoney
Thu Apr 08, 2021 5:52 pm
Forum: Investing - Theory, News & General
Topic: Why 1971 has become the starting point for increasing income inequality?
Replies: 24
Views: 1572

Re: Why 1971 has become the starting point for increasing income inequality?

Supply and demand for labor.
FWIW, increased "inequality" can be beneficial if the overall standard is rising. "Equality" is easy when everybody has nothing.
In before the lock.
by JoMoney
Thu Apr 08, 2021 10:48 am
Forum: Investing - Theory, News & General
Topic: How long to turn 1 million to 2 millions for you?
Replies: 86
Views: 29381

Re: How long to turn 1 million to 2 millions for you?

An amount invested in a broad U.S. stock market fund when this thread started (Aug-2016) would now have doubled in value (with no additional contributions.) PV Link $1,000,000 invested in VTI Aug-2016 to Mar-2021 = $2,026,085 In 2016 I could get 2 McDonald's double cheeseburgers for $2. ($1 each)......
by JoMoney
Thu Apr 08, 2021 10:37 am
Forum: Investing - Theory, News & General
Topic: S&P 500 High Dividend ETF - SPYD
Replies: 26
Views: 2407

Re: S&P 500 High Dividend ETF - SPYD

Dividends don't matter economically. Picking investments based on them doesn't serve any non-psychological purpose. Actually I take back the bit about "don't matter" -- if you're investing in taxable, they're bad. Same tax rate as LTCGs, so if your other taxable income due to pre-tax dedu...
by JoMoney
Wed Apr 07, 2021 10:49 pm
Forum: Investing - Theory, News & General
Topic: S&P 500 High Dividend ETF - SPYD
Replies: 26
Views: 2407

Re: S&P 500 High Dividend ETF - SPYD

Many good responses on this thread. I have enjoyed learning about this ETF. Would this be a better ETF if it was market weight rather than equal weight? Would have less rebalancing and turnover. Tony "Better" in what regard ? Market cap weighting would tilt it to larger stocks, which migh...
by JoMoney
Wed Apr 07, 2021 7:26 pm
Forum: Personal Consumer Issues
Topic: Gmail asking for birthdate
Replies: 14
Views: 1598

Re: Gmail asking for birthdate

https://protonmail.com/ provides a great secure email, with service starting at "free", and requires no personally identifiable information.
by JoMoney
Wed Apr 07, 2021 1:55 am
Forum: Investing - Theory, News & General
Topic: shouldn't the feds position on interest rates suggest that we 'time' the bond market?
Replies: 48
Views: 4605

Re: shouldn't the feds position on interest rates suggest that we 'time' the bond market?

Do you invest in the Fed or in bonds? The bond market sets bond yields, not the Fed. If the Fed uses "Open Market Operations", buying bonds to get the market to the rates they're targeting... is there a difference? Yes, there is a significant difference. The most common fed tool in "...
by JoMoney
Tue Apr 06, 2021 10:53 pm
Forum: Investing - Theory, News & General
Topic: S&P 500 High Dividend ETF - SPYD
Replies: 26
Views: 2407

Re: S&P 500 High Dividend ETF - SPYD

Below "Portfolio 1"= Vanguard High Dividend Yield (VYM) , "Portfolio 2" = SPYD This is what PortfolioVisualizer shows as the income return if you did not reinvest dividends on a $10k initial investment in the 2 ETFs. While the SPYD does have a higher payout, it looks like VYM's d...
by JoMoney
Tue Apr 06, 2021 10:42 pm
Forum: Investing - Theory, News & General
Topic: S&P 500 High Dividend ETF - SPYD
Replies: 26
Views: 2407

Re: S&P 500 High Dividend ETF - SPYD

I'm not a fan of the "equal weighting" and even less a fan of the methodology including REITs, not that I think there's something inherently wrong with REITs but they're structured to be "High Dividend" stocks so if you build a fund that's the 80 highest dividend payers it's goin...
by JoMoney
Tue Apr 06, 2021 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: What is the expected percentage (raise) for a manager position?
Replies: 24
Views: 2262

Re: What is the expected percentage (raise) for a manager position?

... Those I know who jump from company to company, even coming back to a previous employer, make the largest salary increases. :thumbsup That's been my experience. I left a former employer because I got a much better offer elsewhere, the employer said they couldn't match it because it would have re...
by JoMoney
Tue Apr 06, 2021 10:20 am
Forum: Personal Investments
Topic: Roth conversion order cancellation (1st post)
Replies: 11
Views: 967

Re: Roth conversion order cancellation (1st post)

OP, please let us know if Vanguard was able to cancel the transaction. I don't have anything reassuring to say if they can't, recharacterizing a roth conversion are no longer a thing :( If they can't, the next steps are going to be figuring out how to deal with taxes as efficiently as possible. You ...
by JoMoney
Tue Apr 06, 2021 9:06 am
Forum: Personal Investments
Topic: Fossil Free Fund Comparable to an Index Fund?
Replies: 25
Views: 1667

Re: Fossil Free Fund Comparable to an Index Fund?

a few things. people have hit this on the head. I've not found a product that is the SP500 minus oil companies. There are ESG's but its not the same thing to me. I get it. When i was younger (early 20's) I had this philosophy but found it costly, time consuming, and in the end tying your self in mo...
by JoMoney
Tue Apr 06, 2021 8:48 am
Forum: Personal Investments
Topic: Fossil Free Fund Comparable to an Index Fund?
Replies: 25
Views: 1667

Re: Fossil Free Fund Comparable to an Index Fund?

I am starting a Roth IRA. I am a relatively risk-averse parent of young kids. I am not looking to get rich, just have a secure financial picture when I'm older. (I have a public employee pension and want to supplement it with this.) I would normally just do a Vanguard Index Fund but I would like to...
by JoMoney
Mon Apr 05, 2021 11:40 pm
Forum: Personal Consumer Issues
Topic: Fidelity debit card question. When I use the atm it takes money out twice on the same date. Anyone else have this
Replies: 8
Views: 1018

Re: Fidelity debit card question. When I use the atm it takes money out twice on the same date. Anyone else have this

Is this a Fidelity CMA account you're using the debit card with? Is your money in the core FDIC Bank Sweep account or do you have it in a separate money-market fund? If it was in a money-market fund or something other than your core sweep account it might be showing that money getting debited from t...
by JoMoney
Mon Apr 05, 2021 9:53 pm
Forum: Personal Investments
Topic: HSA Receipts
Replies: 16
Views: 1419

Re: HSA Receipts

I keep a *tax_year*_In-work folder for the current year on my computer, and a copy zipped up in a password protected zip file stored elsewhere. I scan and keep all my receipts, account statements, bills, and other documents organized in the folder. After I file my taxes I add my final tax return to ...
by JoMoney
Mon Apr 05, 2021 9:46 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14281
Views: 1100676

Re: U.S. stocks continue to soar!

... I just looked. My contributions posted on today. Sorry guys but that means the top is in. The market always goes down when I buy stocks. :twisted: I remember in the throes of the 2008-2009 financial crisis, the only "up" days seemed to coincide with the days my retirement account purc...
by JoMoney
Mon Apr 05, 2021 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Can someone become bankrupt from gift contracts?
Replies: 16
Views: 1706

Re: Can someone become bankrupt from gift contracts?

I've heard of cases where a bankrupt person tried to pay out promissory "gifts" / donations, and the other creditors went after those "gifts" as being fraudulent transfers trying to get them clawed-back. For the person receiving the gift/pledge, it seems like it would be "co...
by JoMoney
Mon Apr 05, 2021 5:06 pm
Forum: Personal Investments
Topic: when dividends are paid by funds
Replies: 6
Views: 762

Re: when dividends are paid by funds

FWIW, as already explained most index funds reinvest dividends in the underlying regardless of the payout schedule. Once exception would be the SPY ETF because of the way it was structured when created as a 'Unit Investment Trust' the dividends must be held as cash until paid out, SPY also can't ear...
by JoMoney
Mon Apr 05, 2021 4:05 pm
Forum: Personal Consumer Issues
Topic: Buying pantry items in bulk
Replies: 22
Views: 1894

Re: Buying pantry items in bulk

The kinds of foods I keep in my pantry are oatmeal, peanut butter, nuts, raisins, cans of soup, chili, tuna. I have not found it to be a good value to buy grocery items through Amazon. Walmart.com has had better deals, and I can choose to pickup most stuff same-day locally. Target.com has also had b...
by JoMoney
Mon Apr 05, 2021 3:11 pm
Forum: Investing - Theory, News & General
Topic: Ibond really a good vehicle against inflation
Replies: 56
Views: 4696

Re: Ibond really a good vehicle against inflation

SeasOfCheese wrote: Mon Apr 05, 2021 2:55 pm...
Maybe I am the only one not wanting to buy insurance from the drunk driving the bus. :confused
I'm still buying I Bonds, given the options available to me, they look the least bad for short-term cash/savings.
by JoMoney
Mon Apr 05, 2021 2:37 pm
Forum: Investing - Theory, News & General
Topic: Ibond really a good vehicle against inflation
Replies: 56
Views: 4696

Re: Ibond really a good vehicle against inflation

^ Congress authorizes the spending and "owes the money", the Treasury just works the financing of the debt.
FWIW, Congress has been involved with influencing how CPI is calculated
https://en.wikipedia.org/wiki/Boskin_Commission
by JoMoney
Sun Apr 04, 2021 10:13 pm
Forum: Investing - Theory, News & General
Topic: shouldn't the feds position on interest rates suggest that we 'time' the bond market?
Replies: 48
Views: 4605

Re: shouldn't the feds position on interest rates suggest that we 'time' the bond market?

Northern Flicker wrote: Sun Apr 04, 2021 10:01 pm Do you invest in the Fed or in bonds? The bond market sets bond yields, not the Fed.
If the Fed uses "Open Market Operations", buying bonds to get the market to the rates they're targeting... is there a difference?
by JoMoney
Sun Apr 04, 2021 3:38 pm
Forum: Personal Investments
Topic: Where to go for cash position returns ?
Replies: 15
Views: 1041

Re: Where to go for cash position returns ?

"New Account" bonuses. Rewards checking accounts offering high rates (on limited amounts) if you direct deposit and use debit card. Series I Savings Bonds Stable Value Funds in workplace retirement accounts ... or just give up on trying to chase any interest at all on cash amounts, I would...
by JoMoney
Sun Apr 04, 2021 2:50 pm
Forum: Investing - Theory, News & General
Topic: Is the CPI cooked? Eric Weinstein on Joe Rogan
Replies: 2
Views: 771

Re: Is the CPI cooked? Eric Weinstein on Joe Rogan

It is what it is.
It hasn't been a good measure of my personal expenses over the past 20 years.
Particularly the cost of housing/rent, medical insurance, and food.
by JoMoney
Sun Apr 04, 2021 11:16 am
Forum: Personal Investments
Topic: I bonds [Any downsides?]
Replies: 15
Views: 1262

Re: I bonds

-Treasury Direct requiring 'Signature Guarantee' (not notary, Medallion or similarly annoying process) to add a new bank account. This new policy change is annoying. I am glad I added all my bank accounts before this change, but it does make Treasury Direct extremely secure now. Someone would have ...
by JoMoney
Sun Apr 04, 2021 11:05 am
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 117
Views: 5450

Re: Stone Ridge All Asset Variance Risk Premium Fund

No idea, but I find the name of that fund amusing. I'm sure it's appealing to some, but I got a laugh out of it. The name looks like a satirical joke of all the buzz-words a finance sales guy would say that would signal "avoid" to me.
by JoMoney
Sun Apr 04, 2021 10:56 am
Forum: Personal Investments
Topic: I bonds [Any downsides?]
Replies: 15
Views: 1262

Re: I bonds

The "downside" to Series I Savings Bonds for me are: -$10,000 annual purchase limit -Treasury Direct requiring 'Signature Guarantee' (not notary, Medallion or similarly annoying process) to add a new bank account. I have heard people complain about the fact that since these are not marketa...
by JoMoney
Sun Apr 04, 2021 10:34 am
Forum: Personal Investments
Topic: Best all-in-one, set it and forget portfolio?
Replies: 36
Views: 3117

Re: Best all-in-one, set it and forget portfolio?

Keep enough in cash that you can sleep well not caring about what the stock market does this year or next (short-term bonds/CD's and the like ..I currently like Series I Savings Bonds and 'rewards' high-yield bank account). Put the rest in a low-cost broad stock market index fund. I'm not in a withd...
by JoMoney
Sun Apr 04, 2021 10:17 am
Forum: Investing - Theory, News & General
Topic: Impact on taxable account when China eventually moves from EM to DM indices.
Replies: 17
Views: 1270

Re: Impact on taxable account when China eventually moves from EM to DM indices.

There are lots of small economies/markets that are "Developed Markets". The size of the economy is not a dominating factor as to whether or not China makes it into a "Developed Market" index. https://research.ftserussell.com/products/downloads/Asia-Pacific_latest.pdf https://i.po...