[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]

2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

File: 40 KB, 482x301, universityhigh_girl_w_calculator.jpg [View same] [iqdb] [saucenao] [google]

Anonymous Sat Apr 11 14:41:04 2015 No.719027 [Reply] [Original]

My first 401k deposit just went through.

Now I have automatic deposits going on. I'm excited as fuck to be investing automatically.

>>	Anonymous Sat Apr 11 14:46:45 2015 No.719041 >>719027 How can I into investing like you?

>>	Anonymous Sat Apr 11 14:48:06 2015 No.719045 >>719041 Read the bogleheads wiki and come up with a plan. Ask your employer to set up your 401k.

>>	Anonymous Sat Apr 11 14:49:08 2015 No.719048 >>719045 What's in your portfolio?

>>	Anonymous Sat Apr 11 14:52:18 2015 No.719056 >>719048 Core: VTSAX (Total stock market), VTIAX (Total international stock market), VBTLX (Total bond market) Fun: 5% VISVX (Small cap value) 5% VGSIX (Reit)

iHaz !MILLiOnz/Q Sat Apr 11 15:16:27 2015 No.719102

>>719027
>>719045
>>719056
>401k
>automatic deposits
>bogleheads
>come up with a plan
>VTSAX
>VTIAX
>VBTLX
>VISVX
>VGSIX
Congrats anon. Seriously, you are ahead of 95% of the people you'll find on /biz/. Stay the course, and enjoy the rewards of your plan

>inb4 the haters, the cyptofags, the day-traders, the forex heros, and the TA mystics

>>	Anonymous Sat Apr 11 15:28:25 2015 No.719127 >>719102 Fuck off iHaz

>>	Anonymous Sat Apr 11 15:58:29 2015 No.719183 >>719027 Minimum match or yearly max?

>>	Anonymous Sat Apr 11 16:01:17 2015 No.719184 >>719183 15% of 90k gross. They match 3% so I get 13.5k + 2.7k = 16.2k. So I haven't maxed it out yet, but I think I will soon.

Anonymous Sat Apr 11 17:01:26 2015 No.719257

>>719102
Hey, I don't have access all the vanguard indexes. My employer uses fidelity.
Currently I put 100% in their SPTN 500 INDEX INST (FXSIX) ($13K so far).
I understand it's best to diversify early, but I don't really know what to pick.
My options with vanguard are VINIX for index, VMCIX for midcap, VSCIX for small cap, VTIAX for international and VBTIX for bonds.
I don't know if I'll be charged a commission or how to split though.
Can anyone offer suggestions?

iHaz !MILLiOnz/Q Sat Apr 11 17:32:18 2015 No.719288

>>719257
You could construct a well-rounded portfolio using those Vanguard funds, though you'd need to buy all of them in appropriate percentages depending on your goals and risk tolerance.

It would be easier for you if there was a total market fund, or perhaps even better, a target date retirement fund. It doesn't matter if they're not Vanguard as long as the fees are low. Do you have any of these options, and if so, what are the fees for them?

>>	Anonymous Sat Apr 11 17:34:51 2015 No.719293 >>719288 iHaz what do you do as a career? Do you have any recommendations for people finishing highschool in north america?

Anonymous Sat Apr 11 17:38:58 2015 No.719300

>>719288
Thanks for answering.
There is a target date retirement fund but the fees are obscene (0.7%), which is way I moved to the Spartan index.
I am extremely tolerant to risk, as I have other business ventures to tide me over if my retirement money doesn't work out.
My thinking is that over 40 yrs, can I lose everything if I have everything in stock and start looking for the right time to reallocate to bonds 10 yrs prior to retirement?

>>	Anonymous Sat Apr 11 17:45:56 2015 No.719305 >>719288 Fuck off iHaz

Anonymous Sat Apr 11 17:48:02 2015 No.719311

>>719300
Also, as for a total market index, I have access to
Spartan® Total Market Index Fund - Institutional Class. Fees are pretty complicated on that one, but they seem low.
Exp Ratio (Gross)
0.07%
($0.70 per $1000)

Exp Ratio (Net)
0.04%
($0.40 per $1000)

Exp Cap (Dated)
0.04%
($0.40 per $1000)

Distribution and/or service fee(12b-1) Fees
0.00%
Management Fee
0.042%
Short-Term Redemption Fee
0.50%
Short-Term Redemption Period
90 Days

The Spartan 500 fees are simpler and lower.
Exp Ratio (Gross)
0.05%
($0.50 per $1000)
Exp Ratio (Net)
0.04%
($0.40 per $1000)

Exp Cap (Dated)
0.04%
($0.40 per $1000)

Distribution and/or service fee(12b-1) Fees
0.00%
Management Fee
0.025%

iHaz !MILLiOnz/Q Sat Apr 11 17:57:25 2015 No.719322

>>719300
Well, if you have no better options, and a long-term perspective, I suggest:

40% VINIX
5% VMCIX
20% VSCIX
25% VTIAX
10% VBTIX

VINIX includes some mid-cap exposure already, so VMCIX is optional. Also, this is overweighted in small cap exposure, which is a proven long-term strategy and recommended by some. A more conventional allocation would shift more into the S&P 500. 10% bond allocation is the smallest I can recommend in good conscious, but many go without any exposure. There's no right or wrong as long as you don't go crazy with the tweaking.

>>719293
I'm an attorney. However, I don't know enough about you or your circumstances to give you career advice. Its not really my wheelhouse anyway.

>>719311
You could replace VINIX, VMCIX, and VSCIX with the Total Market fund if you prefer. They serve the same purpose, although you'll be getting a more conventional small and mid-cap weighting I suspect.

>>	Anonymous Sat Apr 11 17:58:32 2015 No.719325 >>719322 I asked in this thread: >>718931 If you could please answer it would be greatly appreciated.

>>	Anonymous Sat Apr 11 18:03:47 2015 No.719338 >>719322 Thanks a bunch, that's very informative. Props for staying cordial despite my requests for spoonfeeding:)

>>	Anonymous Sat Apr 11 18:04:32 2015 No.719339 >>719322 Fuck off, iHaz.

>>	iHaz !MILLiOnz/Q Sat Apr 11 18:06:43 2015 No.719340 >>719338 You're welcome. Good luck with your plan. >>719325 I'm afraid I don't have anything to add to that thread that hasn't already been said by others.

Anonymous Sat Apr 11 18:17:54 2015 No.719350
File: 24 KB, 551x412, oh-shit-nigger-what-are-you-doing.jpg [View same] [iqdb] [saucenao] [google]

>>719340
>mfw coming back to /biz/ after a long abscence and seeing this douchebag still here posting exactly the same shit as months ago
Topkek you must have no life dude

>>	iHaz !MILLiOnz/Q Sat Apr 11 18:29:18 2015 No.719361 >>719350 Why would my advice change over a period of months? That's a pretty stupid observation to make.

>>	Anonymous Sat Apr 11 18:39:37 2015 No.719371 >>719361 It wouldn't change, retard. Just the fact you spend so much time posting the same shit month after month is kinda depressing. Hence the "no life" observation.

>>	Anonymous Sat Apr 11 18:45:43 2015 No.719374 File: 34 KB, 353x280, 1393244943730.jpg [View same] [iqdb] [saucenao] [google] >>719371 Thanks for your post. Browsing 4chan is indeed very taxing. I'm touched by your concern.

>>	Anonymous Sat Apr 11 18:51:45 2015 No.719384 >>719374 Oh don't get me wrong, I have no great concern for you. If you lurked more and posted less I wouldn't even had mentioned anything. Sometimes you just have to point out the fat ugly elephant in the room though, you know what I mean?

iHaz !MILLiOnz/Q Sat Apr 11 19:08:23 2015 No.719407

>>719384
So you posted in a 4chan thread to complain about someone posting in a 4chan thread. Yeah, I know what you mean, anon.

You're a real hero for standing up to me and setting me straight. Shame you don't trip; you might win the 4chan medal of honor.

>>	Anonymous Sat Apr 11 19:08:27 2015 No.719408 >>719384 What's so bad with the guy? He seems not-insane and quite sound. t. new to /biz/, this is literally the first thread I read on it

>>	Anonymous Sat Apr 11 19:54:48 2015 No.719453 >>719407 I posted in one thread to ask you why you have no life and repeat yourself a million times. Outrageous! Why would I wonder such a thing?! >>719408 You must be new here.

>>	Anonymous Sat Apr 11 20:12:22 2015 No.719464 >>719371 >month after month is kinda depressing. Hence the "no life" observation. month after month is kinda depressing. Hence the "no life" observation. >>719453 You must be new here.

>>	Anonymous Sat Apr 11 20:12:55 2015 No.719465 >>719408 He's a tripfag and a proven samefag

>>	Anonymous Sat Apr 11 20:19:32 2015 No.719475 >>719407 Fuck off iHaz

>>	Anonymous Sat Apr 11 20:25:48 2015 No.719490 >>719027 How does it feel to be cucked from the government?

>>	Anonymous Sat Apr 11 20:28:23 2015 No.719498 >>719490 What do you do, get paid under the table?

Anonymous Sat Apr 11 22:11:50 2015 No.719621

>>719056
Hey buddy so uh I was wondering
How did you make a first deposit with admiral shares when the buy in is 10k?
I'd like my 401k + IRA to also hold admiral shares but how do you buy multiple funds in a single year given the contribution limits? Employer match?

Anonymous Sat Apr 11 23:44:18 2015 No.719701

>>719621
No. Actually, you don't want my situation. My 401k provider (nationwide) invests in low fee admiral share funds, while raping me up the ass with their own fees. Like total rape.

My idea is to put as much money as I can in the 401k when it's new and the fees don't hurt as much, then, change jobs in about 4-5 years and roll that shit over into an IRA at vanguard.

>>	Anonymous Sun Apr 12 01:06:29 2015 No.719751 >>719322 >attorney >not my wheelhouse But where's that attitude of "I'm a professional, so I know everything about everything, especially investing? Fuck off, iHaz

>>	Anonymous Sun Apr 12 01:08:34 2015 No.719753 >>719408 He "made it" as an attorney, so he spends what appears to be all of his time here shitposting about his investment opinions.

iHaz !MILLiOnz/Q Sun Apr 12 01:44:40 2015 No.719804
File: 46 KB, 612x612, B238DBBC8254E9F34C42677EF282FE5C574A2DED.jpg [View same] [iqdb] [saucenao] [google]

>>719753
Me
>gives thoughtful advice to questions
>complete answers with reasons

You
>post angry jealous offtopic butthurt ranting

Remind me ... which one of us is shitposting again?

Anonymous Sun Apr 12 01:51:12 2015 No.719817

>>719753
This. Arguing with iHaz is pointless because his overinflated ego never allows him to see beyond his own nose. He really thinks he is here to "help" and "teach" and that everyone looks at him as some investing guru because he regurgitates basic bogglehead advice. Lel. I'm glad to see I'm not the only one who is nauseated by him.

>>	Anonymous Sun Apr 12 01:52:56 2015 No.719820 Ihaz you should give me $200 dollars just cause man you got the $$$ and I'm broke .

iHaz !MILLiOnz/Q Sun Apr 12 01:54:13 2015 No.719825

>>719817
Huh? Who's arguing with me? Not a single person has expressed an opinion in this thread contrary to anything I've said. There isn't a single argument being discussed.

You really are pathetic. No one should be this obsessed with an anonymous internet poster.

>>	Anonymous Sun Apr 12 01:54:26 2015 No.719826 >>719804 Oh yea and... >fuck off iHaz

>>	Anonymous Sun Apr 12 01:58:18 2015 No.719835 >>719825 >still thinks hes some 4chan celebrity Hahahahaha

>>	iHaz !MILLiOnz/Q Sun Apr 12 02:02:55 2015 No.719840 >>719835 And yet, here you are....

>>	Anonymous Sun Apr 12 02:06:48 2015 No.719841 >>719840 You should give me $200

>>	Anonymous Sun Apr 12 02:07:58 2015 No.719843 >>719840 Here I am...... What? What the hell are you even implying loooool

>>	Anonymous Sun Apr 12 02:23:56 2015 No.719854 iHaz is a better poster than the anons shitting on him

>>	Anonymous Sun Apr 12 02:56:48 2015 No.719863 >>719854 Fuck off iHaz

>>	Anonymous Sun Apr 12 04:29:23 2015 No.719891 >>719498 I put my money into stocks and I can take any amount of money anytime I want.

>>	Anonymous Sun Apr 12 08:57:42 2015 No.719994 >>719701 So the provider does some funny tricks to get around the minimum? I don't think my provider will give me the same issues but I just don't understand how to open retirement accounts immediately with admiral shares instead of investor

>>	Anonymous Sun Apr 12 09:31:34 2015 No.720031 Hey iHaz, Any reason I shouldnt throw $5500 at Fidelity for a prior year contribution to a Roth IRA?

>>	Anonymous Sun Apr 12 17:04:05 2015 No.720509 >>719994 yeah, they are using funny tricks. avoid nationwide at all costs, I am paying > 1% on vanguard funds, it is a crime (but still the lowest fee funds I can get)

>>	Anonymous Sun Apr 12 17:06:15 2015 No.720513 >>720031 dude, the deadline is almost up for 2014. you better put that $5500 in now!

Advanced search
Text to find
Subject [?]Search by post subject. Leave empty for any.
Username [?]Search for user name. Leave empty for any user name.
Tripcode [?]Search for tripcode. Leave empty for any.
Email [?]Search by email. Leave empty for any.
Filename [?]Search by image filename. Leave empty for any.
From Date [?]Enter what date to start searching from. Format is YYYY-MM-DD
To Date [?]Enter what date to start searching until. Format is YYYY-MM-DD
Image hash
Search in	All Posts OPs Only
Deleted posts	Show all posts Show only deleted posts Only show non-deleted posts
Internal posts	Show all posts Show only internal posts Show only archived posts
Order	New posts first Old posts first
Capcode	All Posts Only by Users Only by Mods Only by Admins Only by Developers
Results	Posts Threads
Action	[ Simple ]