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pmchem posted:I made an semi-effort post over in the stocks thread about SCHX, the Schwab U.S. Large-Cap ETF: https://www.schwabfunds.com/products/schx Nice, thank you. Good post and an interesting option. I've run VTI quite a bit but I don't love the long tail, necessarily. Residency Evil posted:I do not deserve this. I owe you a beer or three. No problem! I spent a lot of time solving an optimization problem that I suspect isn't actually a problem that needs to be optimized. Sounds a lot like my day job.
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Feb 5, 2021 14:36
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KYOON GRIFFEY JR posted:Nice, thank you. Good post and an interesting option. I've run VTI quite a bit but I don't love the long tail, necessarily. I didn’t see pmchem’s post there (I only glanced at the link), can you clarify on the long tail ?
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Feb 5, 2021 14:40
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So even the best savings accounts only go up to .5% APY or thereabouts, then. Interesting, obviously that’s still not a lot but I guess there’s only so much you can find when you’re just having your money sitting in an account doing nothing. I’m not sure what my other options are when it comes to what to do with my extra money (besides retirement investing). There’s stocks, obviously, but I’m really not ready or even well-researched enough to start gambling money away. Is there a more reliable way to use my money besides trading stocks, that’s more lucrative potentially then a savings account? I guess this is more of short term investing question, so this might not be really relevant to this thread. Sorry!
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Feb 5, 2021 14:40
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Duckman2008 posted:I didn’t see pmchem’s post there (I only glanced at the link), can you clarify on the long tail ? https://forums.somethingawful.com/showthread.php?threadid=3259986&pagenumber=2115#post512275125 explains it, especially if you look at the linked morningstar weight boxes
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Feb 5, 2021 14:42
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KYOON GRIFFEY JR posted:No problem! I spent a lot of time solving an optimization problem that I suspect isn't actually a problem that needs to be optimized. Sounds a lot like my day job. Well, the assumptions you made were pretty spot on. Consultant? Expensive consultant? 
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Feb 5, 2021 14:43
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Residency Evil posted:Well, the assumptions you made were pretty spot on. Consultant? Expensive consultant? very Duckman2008 posted:I didn’t see pmchem’s post there (I only glanced at the link), can you clarify on the long tail ? Sure, pmchem linked the post, but VTI is total stock market so it includes everything including small caps, and I think VTI doesn't necessarily weight small caps correctly. I also don't love just holding S&P 500 and like the idea of 750 cap weighted with a bit more aggressive inclusion. edit: Schwab also has an absurdly low ER international stock index in SWISX KYOON GRIFFEY JR fucked around with this message at 15:07 on Feb 5, 2021 |
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Feb 5, 2021 14:49
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pmchem posted:https://forums.somethingawful.com/showthread.php?threadid=3259986&pagenumber=2115#post512275125 explains it, especially if you look at the linked morningstar weight boxes Good link, thank you. I probably won’t swing my current holdings too if, but I would probably add it in future investments. I already don’t use a S&P only stock, just the Vanguard large cap mutual fund and VTSAX, but This is a good option to know about. KYOON GRIFFEY JR posted:very Appreciate the info here as well. Also, thanks for the answer above on taxes for a Roth.
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Feb 5, 2021 15:19
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Heroic Yoshimitsu posted:So even the best savings accounts only go up to .5% APY or thereabouts, then. Interesting, obviously that’s still not a lot but I guess there’s only so much you can find when you’re just having your money sitting in an account doing nothing. Take the broad-based index and/or target date funds that you buy I'm tax-advantaged accounts, and buy roughly those same things in a regular old brokerage account. "Roughly" because of asset location, emergency fund, and other time-horizon-liquidity situational components.
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Feb 5, 2021 15:25
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pmchem posted:https://forums.somethingawful.com/showthread.php?threadid=3259986&pagenumber=2115#post512275125 explains it, especially if you look at the linked morningstar weight boxes Getting the next Tesla runup definitely sounds promising. Sardonik fucked around with this message at 16:21 on Feb 5, 2021 |
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Feb 5, 2021 16:13
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Would Moderna be good for my investment portfolio? They are on of the better vaccine companies.
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Feb 5, 2021 16:40
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'coronavirus will be around for a bit you should invest in this stock' vs 'I'm holding this money for 30 years and the Healthcare industry is potentially going to be flipped on its head by then'
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Feb 5, 2021 16:50
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Cheese Thief posted:Would Moderna be good for my investment portfolio? They are on of the better vaccine companies. this is the boring thread where we don't pick stocks because we recognize that picking stocks is gambling. don't gamble with your retirement money. edit: not to say that you shouldn't invest in Moderna if you want to, but the right place to ask that question is the other thread.
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Feb 5, 2021 17:02
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I have done pretty well on my employer matched 401k, but I wanted to make some changes for some better returns First, I moved all of my position in short term bonds into a S&P index fund. It's a long overdue change. The former was getting stupidly bad returns over the lifetime that I've had it- something like 1.5%, whereas the index fund has gone up 14% in that time. So I think that's a good/safe change. I also have about 12% of my portfolio in intermediate term bonds. Would it be wise to lower that to something like 10% and reallocate the rest into more large cap funds? Bonds seem pretty anemic comparatively.
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Feb 5, 2021 17:21
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Glass of Milk posted:I have done pretty well on my employer matched 401k, but I wanted to make some changes for some better returns You don't want to get heavy into bonds until you're getting close to retirement. They're a hedge that if you're young you shouldn't need much of.
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Feb 5, 2021 17:35
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Just remember that the purpose of bonds is not extreme growth. They smooth volatility. There are some back tested studies that show that a portfolio with some bonds shows greater growth than a 100% stock portfolio because of that, but that's not something you're likely to see given our current 10+-year stock run up.
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Feb 5, 2021 17:45
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Glass of Milk posted:First, I moved all of my position in short term bonds into a S&P index fund. It's a long overdue change. The former was getting stupidly bad returns over the lifetime that I've had it- something like 1.5%, whereas the index fund has gone up 14% in that time. So I think that's a good/safe change. Figure out your asset allocation independently of what performance has been in the past decade, and stick with it. The Intelligent Asset Allocator is a good book to read for an overview of what you should be considering.
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Feb 5, 2021 17:55
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Residency Evil posted:Young blood, my friend, there are a lot of doctors that post in this thread. People are being a bit harsh, but that's because this is the "serious" retirement investing thread, and not the one that encourages speculation. This is the kind of engagement I was looking for and appreciate, thank you Seems like we could really use a People Skills advice thread since a lot of people ITT think "You idiot. You dumbshit moron" is a genius persuasive tactic
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Feb 5, 2021 18:29
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Vlonald Prump posted:
I can agree with that, but as long as we're talking people skills, having some humility when asking questions will serve you well in life and your career, especially for someone in the medical field. There are many accounts of (very skilled, intelligent) doctors missing things when they approach someone, especially someone less credentialed or with different life experiences, as if they already know the solutions. Grumpwagon fucked around with this message at 18:36 on Feb 5, 2021 |
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Feb 5, 2021 18:32
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Vlonald Prump posted:This is the kind of engagement I was looking for and appreciate, thank you It's nobody's job to hold the hand of a loving medical student with delusions of adequacy
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Feb 5, 2021 18:36
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something something bedside manner
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Feb 5, 2021 18:58
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Vlonald Prump posted:This is the kind of engagement I was looking for and appreciate, thank you You're a medical STUDENT who thinks they've unlocked the key to the stock market who's not even thought "wouldn't this all be priced into the market already even if only doctors were special enough to figure it out?" who also Kramered into a long running thread without reading any of it.
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Feb 5, 2021 18:58
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Vlonald Prump posted:This is the kind of engagement I was looking for and appreciate, thank you I mean no disrespect by this, but it will serve you well over the next 4+ years if you instead assume that you don't yet know poo poo about medicine or anything else. Residency is an eye-opening experience to say the least. edit: Welp, sorry, didn't refresh and now I'm just part of the pile-on.
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Feb 5, 2021 19:00
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TITTIEKISSER69 posted:something something bedside manner Thank you tittiekisser69, I’ve got a 4.9/5.0 patient rating. 
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Feb 5, 2021 19:03
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note the lil baby doctor-to-be only appreciates advice from another doctor, he's on a good path already
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Feb 5, 2021 19:13
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KYOON GRIFFEY JR posted:note the lil baby doctor-to-be only appreciates advice from another doctor, he's on a good path already Had to call the attending even
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Feb 5, 2021 19:14
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Small White Dragon posted:Doctors and lawyers are pretty much all the bad examples in the Millionaire Next Door. Even a stopped clock can tell you doctors are often BWM. Vlonald Prump posted:This is the kind of engagement I was looking for and appreciate, thank you literally the first paragraph in the OP tells you exactly what to expect panic posted:Welcome to the long-term investing thread. Here is the place to get suggestions on how to set up your retirement portfolio, or 401k, or IRA. This is not the place for timing the market - if you hint that you might be doing that, forty finance amateurs with attitudes will pile on to beat it out of you. But they will have good information for you so you should listen!
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Feb 5, 2021 19:15
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moana posted:This is the exact opposite of a safe change. The reason stocks have a higher expected return is because they poo poo the bed every so often. Bonds are an anchor in a portfolio and smooth out the volatility of stocks. Thanks, yeah..I had set my allocations literally a decade ago and forgot about them until I got a free market analysis from one of those investment places that charge a bunch to manage your portfolio that told me to go to 0% on the short term bonds, so that seemed pretty clear to me even without buying their advice. I'll look into that book, but based on what you and others have said, keeping a mix of bonds as part of the portfolio is a decent idea to smooth volatility. I appreciate the advice!
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Feb 5, 2021 19:16
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Well well well... if it isn't the consequences of my own posting
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Feb 5, 2021 19:16
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The best part of this thread is that every so often you get to really cut loose and yell at someone in between the boring rear end discussions about low fee index funds
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Feb 5, 2021 19:18
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Vlonald Prump posted:Seems like we could really use a People Skills advice thread since a lot of people ITT think "You idiot. You dumbshit moron" is a genius persuasive tactic
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Feb 5, 2021 19:25
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I appreciate there are posters drawing a hard line between long term investing and stock speculation People who use this thread to dip their toes into planning for the first time don't have the experience to discern between an effortpost on picking stocks that may develop value in the future and developing a philosophy of consistent risk-balanced saving. When I was 22 and had no idea what the gently caress to do with my money that post would have been very compelling without being hard-checked One thing that hasn't changed in the 9 years I've been lurking BFC is people thinking they've figured out One Weird Trick to an Early Retirement kramering into the thread and getting huffy when they're told their ideas are bad and unoriginal
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Feb 5, 2021 19:27
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the one weird trick has been essentially figured out but it's dull and boring so therefore it can't be good!
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Feb 5, 2021 19:30
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quote:Seems like we could really use a People Skills advice thread since a lot of people ITT think "You idiot. You dumbshit moron" is a genius persuasive tactic This is a thread for passive investment, not passive aggression. Take the L and move on. Thanks. 
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Feb 5, 2021 19:32
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Not a Children posted:One Weird Trick to an Early Retirement The Ticktock is gone but I love it so watch it via this video (from 2:30 - 3:30). https://www.youtube.com/watch?v=BIVqWNocWXk&t=150s
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Feb 5, 2021 19:39
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What are the thoughts of moving a former employer 401K in charles to something actively traded in TD Ameritrade?
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Feb 5, 2021 19:40
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pmchem posted:I made an semi-effort post over in the stocks thread about SCHX, the Schwab U.S. Large-Cap ETF: https://www.schwabfunds.com/products/schx I've heard about SCHG, I'm trying to figure out what the difference is.
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Feb 5, 2021 19:43
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Herr Tog posted:What are the thoughts of moving a former employer 401K in charles to something actively traded in TD Ameritrade? You can roll your old 401k into a trad IRA and invest it however you want (you can open this almost anywhere). If I understand your question you want to put it in a brokerage account? You will take a massive tax hit to do that. Most people here would recommend low expense ration index funds.
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Feb 5, 2021 19:43
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Motronic posted:You're a medical STUDENT who thinks they've unlocked the key to the stock market who's not even thought "wouldn't this all be priced into the market already even if only doctors were special enough to figure it out?" who also Kramered into a long running thread without reading any of it. I posted in this thread because the other thread is full of noise about meme stocks and because I DON'T known how to tell which companies are undervalued and wanted advice about that, and wanted to spark a discussion about taking long-term advantage of the biggest mass vaccination push in human history more generally. Thread consensus seems to be "don't bother, look at index funds instead, also you're an egotistical idiot for even thinking about it. Don't cheat on your wife." First half: for real, thanks, I'll check it out, I intend to read a lot of stuff before throwing money at anything. Second half:  is about the politest reaction I can muster.I do (for real) apologize for not realizing y'all are trying to keep the discussion here strictly about 401ks and bonds etc though. I'll stop spamming up your thread now.
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Feb 5, 2021 19:43
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spwrozek posted:You can roll your old 401k into a trad IRA and invest it however you want (you can open this almost anywhere). If I understand your question you want to put it in a brokerage account? You will take a massive tax hit to do that. Most people here would recommend low expense ration index funds. Thank you so much, could I move it to a trad IRA with a credit union and still pick stocks I am invested in?
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Feb 5, 2021 19:44
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Herr Tog posted:What are the thoughts of moving a former employer 401K in charles to something actively traded in TD Ameritrade? What you're asking here isn't very clear. If you're wondering whether you should actively trade your retirement accounts, please review the past couple of pages to see the thread's overwhelming consensus opinion on whether you should do that the answer is "absolutely loving not" If you're asking whether you should cash out your old 401(k) into a non-retirement account, absolutely not, unless you're in a desperate financial situation where you're already eating rice and beans in the dark with the thermostat set at uncomfortable temperatures but still can't cover costs. If you're asking whether you should roll your old 401(k) into an IRA, maybe, but it depends on a few different factors like whether you want to use a backdoor Roth strategy in the future.
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Feb 5, 2021 19:46
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