Search found 1112 matches

by magicrat
Wed Apr 21, 2021 2:08 pm
Forum: Personal Investments
Topic: Need help with how to invest bonus
Replies: 12
Views: 730

Re: Need help with how to invest bonus

GirlDadVB wrote: Wed Apr 21, 2021 9:05 am
2.) Put more towards brokerage Vanguard funds but I struggle with this as well because I'd be buying at all time highs
The market is often at or near all-time highs. Isn't that the point?
by magicrat
Tue Apr 20, 2021 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Young Twenties Seeking Financial Independence
Replies: 40
Views: 3021

Re: Young Twenties Seeking Financial Independence

1. Continue to get company match 2. Payoff debt in 1 year (make a budget) 3. Never take a car loan again 4. Invest more
by magicrat
Tue Apr 20, 2021 7:32 am
Forum: Personal Investments
Topic: How fast to readjust AA
Replies: 11
Views: 771

Re: How fast to readjust AA

I am in my early 50's. My current AA is 87% (80 domestic and 7 foreign) stocks, 2% bonds and 10% cash. Roughly 1M total of which 75% is in my 401K. It worked well for me last year, but I know I am playing with fire and not good FIRE. In the early days of my 401K the match came as my companies stock...
by magicrat
Mon Apr 19, 2021 11:41 am
Forum: Personal Investments
Topic: New To Investing
Replies: 14
Views: 1055

Re: New To Investing

I just invest in every public company in the world through total market index funds. No need to form an opinion on any specific company.
by magicrat
Fri Apr 09, 2021 8:41 am
Forum: Personal Investments
Topic: I cant find anything better than S&P
Replies: 74
Views: 8021

Re: I cant find anything better than S&P

newyorker wrote: Thu Apr 08, 2021 11:00 pm
anon_investor wrote: Thu Apr 08, 2021 10:59 pm My vote: Total US Stock Market Index and chill.
Vtsax then chill? Isnt it literally same as vfiax historically?
Not literally, no.
by magicrat
Fri Apr 09, 2021 8:34 am
Forum: Personal Investments
Topic: Lump sum - now or later?
Replies: 7
Views: 1130

Re: Lump sum - now or later?

Depends on your overall portfolio, investment strategy, asset allocation, and preference. It is a 3.2% annual return for 10 years.
by magicrat
Thu Apr 08, 2021 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Do you LOVE your tax professional?
Replies: 19
Views: 1694

Re: Do you LOVE your tax professional?

barliss2 wrote: Thu Apr 08, 2021 5:27 pm So far a bunch of non-answers. Holy moly, people. I thought I trusted yous ;-)
Are you from Philly?
by magicrat
Thu Apr 08, 2021 10:42 am
Forum: Investing - Theory, News & General
Topic: Strategy for transferring capital gains from taxable to non-taxable account
Replies: 10
Views: 1087

Re: Strategy for transferring capital gains from taxable to non-taxable account

spreadsheetguy wrote: Thu Apr 08, 2021 10:19 am okay, thanks for all the good advice. It seems like the consensus is that it's not a good idea. I'll just suck it up and pay the taxes this year.
thanks, I really do appreciate it.
Did you already realize the gains? If not, you don't have to.
by magicrat
Tue Mar 30, 2021 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Enough to retire?
Replies: 55
Views: 6097

Re: Enough to retire?

SS not added back correct - we could both take early 3k per month combined My plan was to get totally debt free getting rid of 1231 and 1521 in two mortgage payments = 2,752 month (33k per year) with the cash from sell of biz - then adding the 3k from SS in a couple years ------I have my plan to pu...
by magicrat
Tue Mar 30, 2021 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Enough to retire?
Replies: 55
Views: 6097

Re: Enough to retire?

Looks like you have about $3.1MM to cover your retirement expenses ($700k current investments + $300k rental house + $2.1MM business sale). You say your expenses don't include healthcare. Do they include taxes? My guess is not. Let's add ~$25k for healthcare and taxes, so you are at ~$170k expenses....
by magicrat
Mon Mar 29, 2021 8:24 pm
Forum: Personal Investments
Topic: Windfall/Inheritance Planning Help Request
Replies: 17
Views: 1473

Re: Windfall/Inheritance Planning Help Request

This article has an excellent set of questions to ask an FA


https://jasonzweig.com/the-19-questions ... l-adviser/
by magicrat
Mon Mar 29, 2021 12:37 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Total Bond Index Admiral
Replies: 11
Views: 1075

Re: Vanguard Total Bond Index Admiral

No one can predict the future. What type of evidence are you looking for?
by magicrat
Mon Mar 22, 2021 12:26 pm
Forum: Personal Investments
Topic: Backdoor Roth IRA basis question
Replies: 3
Views: 372

Re: Backdoor Roth IRA basis question

Basis is untaxed money. Your basis is $0.

Yes, convert it all. You can make your 2020 and 2021 contributions right now and convert it all.
by magicrat
Mon Mar 08, 2021 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Real World M&A Strategy Question
Replies: 6
Views: 294

Re: Real World M&A Strategy Question

They are most likely an investment bank. They will do all of the valuation work, provide credibility, and yes they will broker a transaction if that is the chosen path.
by magicrat
Mon Mar 08, 2021 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Real World M&A Strategy Question
Replies: 6
Views: 294

Re: Real World M&A Strategy Question

A public company is always for sale. If a good enough offer comes in, the Board is obligated to accept it. The Board also has an obligation to understand the best path for value creation, and to maintain its own view of valuation.
by magicrat
Thu Mar 04, 2021 3:02 pm
Forum: Personal Investments
Topic: How to wisely invest extra money...
Replies: 6
Views: 882

Re: How to wisely invest extra money...

Those percentages don't add to 100%. There is an endless debate on international - you can read through countless threads. In short, somewhere between 0-50% of equities is what most do. I am at 40% which is roughly market weight. Consider adding bonds. If you are going to have a small cap tilt, make...
by magicrat
Thu Feb 25, 2021 8:18 pm
Forum: Personal Investments
Topic: Too High to Buy?
Replies: 51
Views: 5928

Re: Too High to Buy?

The market did tank, unless a ~30% decline doesn’t meet your definition of tanking.
by magicrat
Fri Feb 12, 2021 7:22 am
Forum: Personal Investments
Topic: 18 to 100 percent annual return fund
Replies: 145
Views: 12272

Re: 18 to 100 percent annual return fund

This acquaintance has been telling me that I am missing out on an opportunity of a life time which can lead to early retirement. He has already invested in this. I don't know much about options and he is claiming 18 to more than 100% annual returns with options with his technique with no risk to th...
by magicrat
Wed Feb 03, 2021 11:59 am
Forum: Investing - Theory, News & General
Topic: Holding Physical Gold for "Insurance"
Replies: 21
Views: 817

Re: Holding Physical Gold for "Insurance"

I hold 1 kilo of gold (~$60k). It's in a vault in Utah. I view this as seed money for me or future generations should there be a permanent global financial catastrophe that renders my 3-fund portfolio worthless. This will only work if the rule of law holds up and gold retains its relative value.
by magicrat
Fri Jan 15, 2021 1:48 pm
Forum: Personal Investments
Topic: Retiring early from windfall, mid 30s, what is the correct asset allocation to use?
Replies: 85
Views: 9120

Re: Retiring early from windfall, mid 30s, what is the correct asset allocation to use?

OP, A) What is your current annual expense? B) My standard advice would be to keep 1 to 3 years of expense in CASH and at least 10 years of expense in fixed income/bond. C) Skip REIT. KlangFool Current annual expense $30k. Plan to increase this to $50k-$95k in a bear/bull market, and travel the wor...
by magicrat
Thu Jan 14, 2021 11:23 pm
Forum: Investing - Theory, News & General
Topic: On what are you most bullish?
Replies: 266
Views: 18572

Re: On what are you most bullish?

Human ambition and ingenuity
by magicrat
Thu Jan 14, 2021 8:58 am
Forum: Personal Finance (Not Investing)
Topic: High tax rate...am I missing anything?
Replies: 79
Views: 6595

Re: High tax rate...am I missing anything?

You could donate to a Donor Advised Fund.

Make sure you are using tax efficient funds and fund placement.

Tax-loss harvesting.

What is a "financial M and M"?
by magicrat
Tue Jan 12, 2021 11:18 am
Forum: Personal Investments
Topic: First Investments! Help would be greatly appreciated :)
Replies: 5
Views: 472

Re: First Investments! Help would be greatly appreciated :)

Why do you want to invest in socially responsible funds? Do you consider these companies to be socially responsible?

Apple Inc.
Microsoft Corp.
Amazon.com Inc.
Alphabet Inc.
Facebook Inc.
Tesla Inc.
JPMorgan Chase & Co.
Visa Inc.
Procter & Gamble Co.
UnitedHealth Group Inc.
by magicrat
Wed Jan 06, 2021 9:07 am
Forum: Personal Investments
Topic: Anyone know about Northeast Investors Trust
Replies: 6
Views: 482

Re: Anyone know about Northeast Investors Trust

Yes, it looks like a mutual fund. Is this a taxable account, IRA or something else?
by magicrat
Thu Dec 31, 2020 8:08 am
Forum: Personal Investments
Topic: How do you calculate savings rate and what is your annual goal?
Replies: 39
Views: 2028

Re: How do you calculate savings rate and what is your annual goal?

Calculate it anyway you want, or not at all. It doesn’t matter. Save and spend dollars, not percents.
by magicrat
Mon Dec 21, 2020 2:51 pm
Forum: Personal Investments
Topic: First Backdoor Roth... Confused about Spouse and non deductible portion of T IRA
Replies: 3
Views: 177

Re: First Backdoor Roth... Confused about Spouse and non deductible portion of T IRA

I would not make tIRA contributions without converting to a ROTH. Growth on earnings will be taxed at ordinary income rates vs. capital gains rates.
by magicrat
Fri Dec 18, 2020 1:29 pm
Forum: Investing - Theory, News & General
Topic: Why do we even need a fund to track the market?
Replies: 105
Views: 6351

Re: Why do we even need a fund to track the market?

So I should first learn to code and then complicate things by buying thousands of individual stocks? No thanks
by magicrat
Mon Dec 14, 2020 1:08 pm
Forum: Personal Investments
Topic: Best course of action for $40,000
Replies: 13
Views: 2674

Re: Best course of action for $40,000

Okay I will do my best. Could you say a little more about "stock/bond allocation " It seems you don't you feel I've done that by showing I have 7% in bonds, is that right? I used the Charles Schwab summary of assets for names ("ETFs and closed-end funds" ) My apologies for my la...
by magicrat
Fri Dec 11, 2020 8:34 am
Forum: Personal Finance (Not Investing)
Topic: When are annual bonuses usually paid?
Replies: 42
Views: 2555

Re: When are annual bonuses usually paid?

October. Our fiscal year is August-July.
by magicrat
Wed Dec 09, 2020 3:24 pm
Forum: Personal Investments
Topic: Considerations for Holding TSM in Taxable
Replies: 12
Views: 873

Re: Considerations for Holding TSM in Taxable

For my anticipated level of assets is tax loss harvesting even worth the effort? Well, TLH is pretty easy to do. I think it's worth spending the time "learning how to do it". After that, whether it is worth it or not is probably dependent upon how big of a loss you have available, relativ...
by magicrat
Tue Dec 08, 2020 11:10 pm
Forum: Personal Investments
Topic: Considerations for Holding TSM in Taxable
Replies: 12
Views: 873

Re: Considerations for Holding TSM in Taxable

Your plan looks good. Having a large number of lots is a non-issue. ETFs are fine though many, including myself, prefer funds. My personal rule is that I don’t tax loss for less than $3k annually, the limit that can be used to offset ordinary income. That’s a ~$1k tax savings for me. Any less is not...
by magicrat
Tue Dec 08, 2020 1:33 pm
Forum: Personal Investments
Topic: 'time in the market w/ AA'
Replies: 7
Views: 1103

Re: 'time in the market w/ AA'

If there is a material change in your need, ability, and willingness to take risk and you decide to make a permanent change to your AA, make it right away (making some allowance for tax implications). Why would you want to intentionally deviate from your chosen strategy?
by magicrat
Thu Dec 03, 2020 8:36 pm
Forum: Investing - Theory, News & General
Topic: Impossibility of retirement when there is inflation
Replies: 11
Views: 1458

Re: Impossibility of retirement when there is inflation

Of course you can. You’ll get there in 15 years with a 5% real rate of return.
by magicrat
Wed Dec 02, 2020 9:16 am
Forum: Personal Investments
Topic: How to balance current and future taxes?
Replies: 9
Views: 750

Re: How to balance current and future taxes?

For one thing, consider putting your entire bond allocation in pre-tax
by magicrat
Mon Nov 30, 2020 8:44 am
Forum: Personal Investments
Topic: Re-entering the market in 2020
Replies: 24
Views: 2075

Re: Re-entering the market in 2020

Decide on an asset allocation suck that you will never again panic sell, then implement that asset allocation right away.
by magicrat
Thu Nov 26, 2020 10:24 pm
Forum: Personal Investments
Topic: What % of my stock portfolio should be stocks I love?
Replies: 33
Views: 1987

Re: What % of my stock portfolio should be stocks I love?

Market cap of stocks you love / total market cap
by magicrat
Tue Nov 24, 2020 9:30 pm
Forum: Investing - Theory, News & General
Topic: Avoid losing gains during 401k rollovers?
Replies: 9
Views: 607

Re: Avoid losing gains during 401k rollovers?

Consider rolling over one at a time and concentrating your bond allocation in the one being rolled over.
by magicrat
Fri Nov 20, 2020 9:19 pm
Forum: Investing - Theory, News & General
Topic: 90% VTSAX & 10% Bitcoin (GBTC)
Replies: 73
Views: 5925

Re: 90% VTSAX & 10% Bitcoin (GBTC)

All the hate toward Bitcoin... or its poor utility as a usable currency. What else is there? Isn't this supposed to be a usable currency? I don't think so. I mean, at first, yes. But I think we've seen over the past few years that it's more of a store of value than a currency. I think that's part o...
by magicrat
Fri Nov 20, 2020 10:28 am
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 1587
Views: 95088

Re: What are you listening to now

Some recent releases that I've been wearing out:

Low Cut Connie - Private Lives
Springsteen - Letter to You
Tim Barry - Live 2018
Bouncing Souls - Volume 2
by magicrat
Thu Nov 19, 2020 11:03 am
Forum: Personal Investments
Topic: Allocation of Three Index Funds in Retirement Portfolio
Replies: 3
Views: 405

Re: Allocation of Three Index Funds in Retirement Portfolio

There is no best. Asset allocation depends on individual circumstances, including ability, willingness, and need to take risk. 50/50 is fine if that makes sense for you.
by magicrat
Tue Nov 17, 2020 12:15 pm
Forum: Personal Investments
Topic: Cost Basis for Reinvested Dividends
Replies: 7
Views: 735

Re: Cost Basis for Reinvested Dividends

Sounds like an issue with Fidelity. The cost basis for reinvested dividends in the reinvestment price.
by magicrat
Tue Nov 17, 2020 9:58 am
Forum: Investing - Theory, News & General
Topic: About the financial news media...
Replies: 27
Views: 2075

Re: About the financial news media...

I don't see how there would be an equity risk premium without uncertainty.
by magicrat
Mon Nov 16, 2020 3:42 pm
Forum: Personal Consumer Issues
Topic: HBO Max - view on TV?
Replies: 36
Views: 1999

Re: HBO Max - view on TV?

connect your phone to the TV
by magicrat
Thu Nov 12, 2020 7:26 pm
Forum: Personal Investments
Topic: Rollover & re-entering the market
Replies: 9
Views: 720

Re: Rollover & re-entering the market

Would you then sell everything in 12 months, re enter over the next 12 months, and keep that cycle going forever? If not, why?
by magicrat
Wed Nov 11, 2020 8:36 pm
Forum: Personal Investments
Topic: What % of your after tax monthly income do you invest?
Replies: 28
Views: 2004

Re: What % of your after tax monthly income do you invest?

Between 0% and 95% depending on the month.
by magicrat
Wed Nov 11, 2020 10:06 am
Forum: Personal Investments
Topic: Getting Started
Replies: 29
Views: 1903

Re: Getting Started

Feel free to make whatever calculation you want. I don't care about my savings rate. I can only spend dollars, not percents, so I calculate dollar savings.
by magicrat
Tue Nov 10, 2020 12:34 pm
Forum: Personal Investments
Topic: Procedural Question - Roth
Replies: 10
Views: 716

Re: Procedural Question - Roth

I have invested in Backdoor Roth for the past 5 years, one for me and the other my wife. I retired in June of 2020 (so I have six months of earnings in 2020) and recently rollover my wife's 401k into an Individual IRA. I do not have an Individual IRA only a 401k, and a Backdoor Roth. Question: I wa...