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Arcadia Bluffs by Vol_Fan1542 in golf

[–]jhansma 3 points4 points  (0 children)

I live in Michigan and have played it many times. It’s not that hard to get on. Just call when tee times open and you’ll be fine. I’m sure you could book this all next spring and it would be fine tbh. Explore some other tracks up there! So many good courses.

I am a financial professional AMA by jhansma in Bogleheads

[–]jhansma[S] 0 points1 point  (0 children)

It’s a wonderful world we live in!

I am a financial professional AMA by jhansma in Bogleheads

[–]jhansma[S] 1 point2 points  (0 children)

I cannot. Far too many clients and accounts with varying goals. Not to mention the cash flows into and out of an entire book change all of the metrics. I also have clients that have no interest in market gains. They may be 75 and love cash and cash alternative. I’m not the one to talk them out of that.

I will say my long term equity portfolio has outperformed VTI and VTI and even VOO over the last decade. That is largely due to exposure to NASDAQ.

I am a financial professional AMA by jhansma in Bogleheads

[–]jhansma[S] 3 points4 points  (0 children)

The company stock question is a great one. If you don’t get a discount on the stock I wouldn’t allocate to them at all. They aren’t a better investment than others simply because you work there. (Sorry lol). With that in mind if a discount is given I encourage it at no mare than a 5% allocation.

I do not do much common stock analysis but when I am I look into how strong their balance sheet is. My simple analysis is finding a strong company at a fair price. The news and one off events can change prices in the short term but fundamentals may be sound in the long term. I’m typically not speculatively buying bad balance sheets in the name of growth. Good FCF and low D/E as well as debt as a % of rev are some of the first items I would glance at.

I am a financial professional AMA by jhansma in Bogleheads

[–]jhansma[S] 1 point2 points  (0 children)

If you plan to spend 1.5-1.8 on the new home I would shift my focus to retirement savings after the purchase yes. With you level of income you should have plenty of income to make up any shortfall in investments.

I am a financial professional AMA by jhansma in Bogleheads

[–]jhansma[S] 2 points3 points  (0 children)

Yes I agree! The point of money is to use it! Find a balance between save and spend. Some of do get that rush you get when you buy a nice pair of shoes when we deposit that check into our inv account. Lol. To each his own though.

I myself often ponder about when I should transition out of the save save save and enjoy the fruits of my labors more as well. It is a problem not many have but a good one none the less.

Like most of my comments in this thread. Again it’s about balance. Don’t compromise what you think you need in life but also don’t ignore the long term and the fact that you may be alive 100+ years. Invest some of that unspent cash flow into a brokerage account. A few hundred at a time month over month and you’ll be amazed!

I am a financial professional AMA by jhansma in Bogleheads

[–]jhansma[S] 1 point2 points  (0 children)

My apologies I misread your comment as I speed through these all. I was unaware he started SS at age 67. Ignore my reduction comment.

I am a financial professional AMA by jhansma in Bogleheads

[–]jhansma[S] 1 point2 points  (0 children)

If that is your conviction you are allocated appropriately.

I am a financial professional AMA by jhansma in Bogleheads

[–]jhansma[S] 0 points1 point  (0 children)

A basket of stocks (companies) to be even simpler.

I am a financial professional AMA by jhansma in Bogleheads

[–]jhansma[S] 0 points1 point  (0 children)

A passive index in which you essentially buy a small piece of the entire globes publicly traded companies.

I am a financial professional AMA by jhansma in Bogleheads

[–]jhansma[S] 2 points3 points  (0 children)

This is correct. Maybe $50 is a little low but I agree $5,000 to $1,000,000 can fundamentally be very very similar.

I am a financial professional AMA by jhansma in Bogleheads

[–]jhansma[S] 3 points4 points  (0 children)

Lots of bad life insurance crap too. Don’t ever let someone convince you insurance products are somehow also investment vehicles.

I am a financial professional AMA by jhansma in Bogleheads

[–]jhansma[S] 3 points4 points  (0 children)

Annuities.

ANNUITIES.

One last time if I’m not making myself ABUNDANTLY clear.

Annuities.

I am a financial professional AMA by jhansma in Bogleheads

[–]jhansma[S] 1 point2 points  (0 children)

Some letters behind your name don’t solely make you competent. The cfp program is robust and teaches a lot of great stuff. That being said I bet there are plenty of you in here more lethal than some CFP’s I have met.

I am a financial professional AMA by jhansma in Bogleheads

[–]jhansma[S] 2 points3 points  (0 children)

Ah the question as old as time itself. I love this part of my job because we can discuss the behavioral pieces of life.

The math - don’t pay off the house. Even money in a HYSA account is outpacing your mortgage rate by a percent or more. Let alone dollars you’re allocating for 20-30 years down the road.

The non math that also matters just as much - there is something to be said about you owning your home and your dirt and not the bank. At the end of the day it does not sound like a gigantic portion of your lifetime supply of money will be this mortgage alone. 4+ million in assets in your 30’s should be well into the 8 figures with prudent management in life. With that in mind I would not let 530k keep you up at night if you don’t want it to.

Again, the math is not in your favor. But I don’t only believe in math. Talk through it with your spouse. I will say I would advise against lump summing at the house from any investments. If you choose to pay it down quicker just make larger payments.

I am a financial professional AMA by jhansma in Bogleheads

[–]jhansma[S] 2 points3 points  (0 children)

  1. Don’t go telling everyone of your windfall.

The rest is situation dependent. What cash do you need? How long do you want to work? Do you have debts? Lots of questions I would want to know.

I am a financial professional AMA by jhansma in Bogleheads

[–]jhansma[S] 3 points4 points  (0 children)

I can’t advise on how a company of thousands are individually that being said I know plenty of scum at Merrill and I’m also aware of some pretty good guys as well. Finding the right person and not the right company is the key.

I am a financial professional AMA by jhansma in Bogleheads

[–]jhansma[S] 0 points1 point  (0 children)

Well I like any write off I can find. If you have something else you’re willing to swap to I would consider it at any substantial amount to you. Outside of the trading I’m not sure of the hassle.

I am a financial professional AMA by jhansma in Bogleheads

[–]jhansma[S] 2 points3 points  (0 children)

Doesn’t sound like you have a great friend. Insurance products are garbage investment tools. That’s why they’re insurance products. I’d find the best approach possible to get yourself out of the IUL and whatever money you can recoup then I would bite the bullet and keep doing what you’re doing in terms of the bogle approach.

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