/biz/ - Business & Finance

>>1114613
>would it go something similar to
I'm not extremely familiar with Vanguard's offerings outside the US, but yes, that looks like a solid portfolio build.

>>1114525
>How the good life, iHaz?
No complaints, other than that I'm dreading tax day. I've got a six-figure tax bill coming due. That's going to be painful.

#MillionaireProblems

>>1114537
It's worth looking into, but only IF you're not going to get murdered on the fees. I don't know much about hedging personal investments, admittedly, but a quick read on the Canadian bogleheads site doesn't sound encouraging.

http://www.finiki.org/wiki/Currency_hedging

OP, you should know that the individual stock pickers, the daytrading wonders, the forex heroes, the swing magicians, the robinhood magnates, and the options wizards don't post in unfriendly threads like this. They only emerge deep in the depths of seldom visited shitposts where they can lie to each other about their "gainz" without the bright scrutiny of rational thinkers.

By calling them out directly, you've simply triggered the self-defence mechanisms that keep them tightly ensconced in a bubble of denial about their speculative strategies. At best, we'll get a couple of daring hit-and-run meme posts from the speculative crowd before they quickly dash off to safer climes.

>>1113983
>40% in VTI - Total US Stock Market ETF
>30% in VXUS - International Stock ex-US ETF
>20% in BND - Total Bond Market ETF
>10% in VNQ - REIT Index Fund
Pretty damn good. Consider a 5% allocation to BNDX.

>>1034141
>Do you just file for $5500 for 2015 and then $5500 for 2016?
Yes. It's really not that complicated.

>>1033449
Um, I've said a thousand times that I was an English major and a lawyer. Unless Wharton has drastically changed its curriculum recently, I'm afraid your guess is quite impossible.

>>1033412
Pretty much this. Once you've got a handle on the factors that you can control, the only one left is average age of credit history, which only goes up with the passage of time AND if you don't open new accounts.

>>1033424
T14. As for the school, it's none of your business.

>>1033399
>>1033407
Cool story bro.

One problem with your little tale: I've posted a picture of my law school degree.

But your backstory is much more interesting. Tell me more about the murders I've committed and the trust fund I inherited. That stuff sounds amazing.

>>1032897
>Do all companies payout dividends at the same time or is this standardized across the financial world?
Not every company pays a dividend, and there is no fixed standard for those that do. Usually, but not always, distributions are done quarterly, to coincide with the release of the company's financial statements.

You get a single distribution, usually quarterly, aggregating all the dividends for that period. That distribution will be paid in cash or reinvested depending on the options you established when you created your account.

>>1032676
>What do yoy suggest i do to further enhance my knowledge and education on this subject
I already told you.

>>1032689
>anyone who enjoy working close to minimum wage factory jobs will tell you they hate it.
First of all, most factory jobs are unionized and pay substantially more than minimum wage. Secondly, who gives a fuck whether you "enjoy" your job. It's your job. You do it and you get paid.

Sure its nice when your interests and your employment can overlap, but that's a luxury for most people.

Perhaps when you get a little older and a little wider, you'll stop making these stupid sweeping generalizations about the common working man.

>>1032505
>Price is determined at closing time so if you are not automating, then you need to pick a time just before the market closes to set that price for your purchase.
Not a bad explanation overall, but I need to correct this one error. Mutual fund purchases are denominated in dollars, so you don't need to figure anything or pick any time. You need to decide how much you want to invest, and then Vanguard will execute the transaction at that day's NAV (which, as stated, is determined at the close of business that day).

You make it sound like there's some timing or guessing element, when that's not really quite accurate. While it's true that you won't know the NAV when you purchase a fund, that's pretty irrelevant for long-term purchases.

>need brokerage account opened as well
Vanguard's new main account type is a brokerage account. It can also hold traditional funds.

While Vanguard used to separate their brokerage accounts and their fund accounts, they are aggressively moving away from that due to regulatory issues.

>>1032616
>are you a millionaire`?
Yes.

>>1032621
>What is a good vanguard fund for the $1000 Minimum or $3000 minimum
If you don't have a lot of capital, but are are still committed to long-term (5, 10, 30 year) investing, then start with an all-in-one fund. At Vanguard these are called Target Retirement funds and have a minimum investment of $1000.

Ideally you will educate yourself about asset allocation strategies so that your can set your own portfolio choices in the future. I suggest a lot of reading on the bogleheads.org site, included but not limited to:

https://www.bogleheads.org/wiki/Asset_allocation

>>1032654
see
>>1029333 (You)

>>1032632
You're all over the board with this post, and perhaps I'm being trolled. But if you think that stock simulators and trading have anything to do with growing your wealth in a prudent manner you're in for a rude awakening.

>>1032643
>So what i basically meant to say is with good investments i will be able to increase my wealth nicely right???
Based on your prior post, no. I don't see you increasing your wealth at all, not without a lot of education and a complete change of your mindset. You seem to have no idea what investing actually means.

Go spend some time on the bogleheads.org site if you want to be an intelligent investor. Or don't. It's your money.

>>1032628
>are you milloinaire?
see
>>1029333

>>1032634
>There's nothing more depressing working in a factory at 40.
No, there's nothing more depressing than someone who saved too little for retirement and spends their entire twilight years scrimping in misery and boredom.

Everyone has different potential. For many, factory work is the highest and best use of their talents and skills. That may or may not be true for you; I don't know. But to disparage any type of honest work is juvenile and arrogant.

>>1032639
>are you freaky?
see
>>1029333

>>1032505
>Price is determined at closing time so if you are not automating, then you need to pick a time just before the market closes to set that price for your purchase.
Not a bad explanation overall, but I need to correct this one error. Mutual fund purchases are denominated in dollars, so you need to figure anything or pick any time. You need to decide how much you want to invest, and then Vanguard will execute the transaction at that day's NAV (which, as stated, is determined at the close of business that day).

You make it sound like there's some timing or guessing element, when that's not really quite accurate. While it's true that you won't know the NAV when you purchase a fund, that's pretty irrelevant for long-term purchases.

>need brokerage account opened as well
Vanguard's new main account type is a brokerage account. It can also hold traditional funds.

While Vanguard used to separate their brokerage accounts and their fund accounts, they are aggressively moving away from that due to regulatory issues.

>>1032616
>are you a millionaire`?
Yes.

>>1032621
>What is a good vanguard fund for the $1000 Minimum or $3000 minimum
If you don't have a lot of capital, but are are still committed to long-term (5, 10, 30 year) investing, then start with an all-in-one fund. At Vanguard these are called Target Retirement funds and have a minimum investment of $1000.

Ideally you will educate yourself about asset allocation strategies so that your can set your own portfolio choices in the future. I suggest a lot of reading on the bogleheads.org site, included but not limited to:

https://www.bogleheads.org/wiki/Asset_allocation

>>1032521
>but not too much that you will be working in a factory by 40 and set to retire in 60
There's literally nothing wrong with working with a factory at age 40 and being set to retire at 60. Most of you will be lucky to achieve even that, according to statistics.

I try not to fault people for having lofty hopes, but this board swims in unrealistic dreams and stone-faced denial about financial reality.

>>1032521
>but not too much that you will be working in a factory by 40 and set to retire in 60
There's literally nothing wrong with working with a factory at age 40 and being set to retire at 60. Most of you will be lucky to achieve even that, according to statistics.

I try not to faulty people for having lofty hopes, but this board swims in unrealistic dreams and stone-faced denial about financial reality.

>>1032341
>Vanguard Prime Money Market Fund
Think of the money market fund as your savings account. It's for storing cash, but not for investing. It will also hold any extra cash in your account, such as from dividends, distributions, and proceeds of sale.

You can leave cash there long term, if you want. But that's no different than putting it into a savings account at your bank, and the interest you'll earn (quite low, currently) will be nearly identical.

So, yes, to actually invest in stocks and bonds you need to buy funds or ETFs and pay for them with the money in the money market fund. When you purchase a fund or ETF, just list the money market fund (it may be labelled as your "settlement fund") as the source of payment.

>>1031896
>so you started making money from you job and then instead of spending at unnecessary stuff yoy invested it
Not to split hairs, but I never said I didn't buy unnecessary stuff. While I'd like to think I never wasted my money on completely foolish whims, I hardly lived like a pauper even in my youth.

I understand that financial austerity can boost your savings, and I certainly think its important to live within your means. However, I'm not an advocate of the monkish lifestyle suggested by those who aggressively follow "extreme retirement" or FIRE strategies. I don't believe that sacrificing happiness in your youth is the right recipe for assuring happiness in your retirement. Furthermore, I think many of these folks (and a lot of other people too) have extremely unrealistic goals about how much they'll need to save to retire with a comfortable lifestyle.

>>1032070
>Any roads you took that weren't worth going down?
-options trading
-margin trading
-penny stocks
-overweighting in commodities and sector investments
-trading too frequently
-trading without regard for the tax effects

Pretty much every stupid thing you see people talk about on /biz/, I did in my past. I did avoid FOREX and was too young for bitcoin, so at least I don't have those regrets too.

In the modern system, there's absolutely no role for any of these in a prudent investor's long-term portfolio.

>>1031806
see
>>1029333

>>1031632
>What is your job?
I'm an attorney. Not the "Better Call Saul" type. The Fortune 500 type.

>>1031514
(3/3)
>I can't exactly ask my financial advisor this, as it'd be kind of awkward implying i'm going to fire her the second I can.
Part of being an adult is having difficult conversations with people who work for you. ML works for you (actually for the trustee).

If my gardner does a bad job, I'm not going to hesitate having a conversation with him about changing gardeners. Your financial advisor is no different.

>I'm paying around 1.5% which seems fucking insane
It's not terribly high for a managed account, IF you need hand-holding and don't feel comfortable managing your own money. But for those of us who believe in index funds and low-cost investments, fees at that level make us cringe.

Hope that was helpful.

>>1031514
(2/2)
>I was wondering about your opinion on Merrill Lynch
Merrill Lynch is a huge investment firm, and its likely that your advisor is more of an independent contractor who uses the ML platform rather than an actual Merrill Lynch person. Regardless, you need to just your advisor or advisory team, not the organization as a whole.

Having said that, I'm not personally a fan of paid professional asset management. I don't think they deliver sufficient value to overcome the drag of their fees, which irreparably harms your long-term performance. If you consider yourself capable, intelligent, and disciplined, there is no reason you cannot manage your own wealth. However, I understand that not everyone has these skills or the confidence to rely on themselves. These are questions only you can answer.

>I don't know if the depreciation is the nature of the Economy, or incompetent financial advisors
>I only started being able to look at statements since I was 18
If you can read the statements, then you should be able to determine exactly what is happening to your investments. If not, then you need to learn more.

>Have you've always used Vanguard?
No, I have used a number of brokers and financial firms. I've made many mistakes in my financial past. I learned from my errors, and manage my own money now.

>How would the process of moving assets from one financial institution to another even work
I have helped others move trust funds to Vanguard,, and the process is fairly simple. However, it has to be done by the trustee, not you.

>would I be taxed to hell?
If you can do an in-kind transfer without selling any of the trust assets, then there are no tax consequences. Whether you can do that or not (in whole or in part) depends on what the trust owns now and whether Vanguard (or any other recipient) can accept and hold those assets.