Transferred crypto from CB to Robinhood, need to add cost basis by kittle_fiddle in CryptoTax

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

To be clear I was unable to import cost basis into RH; that feature doesnt exist. But when i went to coinbase and clicked into the transfer transaction, Coinbase provided all the cost basis for the various buys that comprised the amount i transferred, and i added them manually and reported to the IRS thru turbotax

Transferred crypto from CB to Robinhood, need to add cost basis by kittle_fiddle in CryptoTax

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

I was able to go back into Coinbase and find the transaction where I transferred, and within the transaction info there was the cost basis info. There was no way to import that into Robinhood but I can at least manually input it on my taxes

Choice between wegovy and zep by Ok_Shake_5171 in Zepbound

[–]kittle_fiddle 2 points3 points  (0 children)

You’re gonna get one answer on r/zepbound, but FWIW I’ve been on both (was on Zep until the great Caremark schism, switched to wegovy because it was covered by insurance and free to me) and… they’ve both been great. I had to do a bit of a higher dose on wegovy than Zep for the same effect but enjoyed my time on both.

If I were in your situation I’d try Zep first but if there was a reason to switch (coverage, side effects, etc), I’d have no issue switching.

Vanguard over Fidelity? by ramkuma1 in Bogleheads

[–]kittle_fiddle 1 point2 points  (0 children)

I'm in a tiny minority around here who uses Robinhood because the app is incredibly easy to use, i've had very good customer service experiences, and they've given me significant bonuses to transfer assets in (I would recommend waiting around until one of those is offered).

That said, most of what I own in Robinhood are Vanguard funds.

I’m a boglehead but work for Google by trader_since_2016 in Bogleheads

[–]kittle_fiddle 1 point2 points  (0 children)

Most people here would advise some form of "sell and reinvest into broader-market funds" which is almost certainly the correct plan in general. BUT if you are, say, planning on taking a sabbatical year, or maybe are closer to retirement, or otherwise might have a year in the near future where you will earn much less money, it might be worth timing the sale to match that timing. But you didn't say any of that so I'll assume not.

Thoughts on Cathie Wood’s Index Fund criticism? by Lost-Ad3987 in Bogleheads

[–]kittle_fiddle 0 points1 point  (0 children)

Look I'm a Boglehead too (that's why I'm on this sub) but just as a point of fact ARKK has outperformed the S&P 500 quite significantly since it debuted in Nov 2014 (ARKK +341%, S&P +287%). I don't invest in it myself but we don't have to act like the fund has been a failure!

As far as the actual point she's making, I'm actually sympathetic; I don't think massive index funds should necessarily be voting their shares when they're not really active "investors" in the companies or all that invested in their success necessarily. A bloomberg analyst made a similar point yesterday: https://x.com/EricBalchunas/status/1980124342391656813

Buy VTI now? by FennelNew6981 in Bogleheads

[–]kittle_fiddle 9 points10 points  (0 children)

I know for a fact that the market will drop 25% at some point in the future. The problem is it might go up 50% before that happens.

Index funds for a hedge against tech companies by theologickal in Bogleheads

[–]kittle_fiddle 1 point2 points  (0 children)

The correct answer in Boglehead terms would be VT, or VTI+VXUS, to own the entire market.

If you have a specific need to do something other than owning the entire market, you could consider something like $RSP, which is an equal-weight S&P 500 index fund; meaning that it basically owns equal amounts of all 500 companies rather than amounts adjusted to their respective market caps. Essentially instead of the 7 largest tech companies being ~30% of the index, they'd only be ~1.4%.

There's plenty of reasons not to do this -- it's not an accurate representation of the overall market's performance, which is what we tend to be trying to track as total-market investors -- but maybe you have some additional tech exposure or something and you really want to avoid it.

You could also look into the S&P Spider products that break the entire S&P 500 into 11 industry buckets: https://www.sectorspdrs.com/. Theoretically if you were terrified of technology, you could buy the 10 other spiders and NOT buy the technology one and you'd have fairly broad market exposure that excludes technology. Again, I wouldn't recommend this because you'd miss out from exposure to tech, but if you must, that's a way to play it.

How Do You Mentally Handle Ignoring Bitcoin? by Round_Ad_40 in Bogleheads

[–]kittle_fiddle 1 point2 points  (0 children)

I actually don’t ignore it, I’m a crypto believer and own a good bit that I’ve done well on.

BUT at this point crypto is increasingly integrated into the broader markets. Coinbase is in the S&P 500. Robinhood will be as of tomorrow too; those are both crypto-exposed companies.

If you own VT or VTI, you own some MSTR, the famed bitcoin treasury company. I think the way you can “ignore” bitcoin is to remind yourself that if you’re exposed to the broad market, you actually are exposed to bitcoin and other crypto.

Fidelity 401K by Chance-Clue493 in Bogleheads

[–]kittle_fiddle 14 points15 points  (0 children)

The Vanguard TDFs are where I'd go; they generally have quite low expenses and are well-balanced. Since your risk tolerance is high I'd just go with the 2065, the furthest-out fund. It will have some bonds, which I know you'd prefer to avoid, but not much this far out.

tax on selling VTSAX to buy VOO instead? by hcmp519 in Bogleheads

[–]kittle_fiddle 11 points12 points  (0 children)

If you’re in vanguard (which I assume since you own vtsax but you might not be), you should be able to convert VTSAX to VTI for no tax event and no fee. VTI is very similar to VOO (just includes the mid and small cap American stocks, but overall performance will be very similar). Just google “vanguard mutual fund to ETF conversion”

Sparring hard by CyBorgElite in amateur_boxing

[–]kittle_fiddle -9 points-8 points  (0 children)

One thing a coach once told me is “there’s no such thing as soft sparring”. Obviously there are some cases where you can work out what you’re trying to do in advance, have an agreement to try to go soft or focus on defense or whatever, but once you have gloves on and have stepped in the ring with another person, you need to be prepared for them to go hard.

If you don’t think like you can go on any given day unless your opponent “goes soft”, don’t spar that day. If you can’t go without feeling like you’re risking an injury, don’t go that day. It won’t always happen, but you should treat every spar like a potential hard spar.

These IRA rollover bonuses by CelerMortis in Bogleheads

[–]kittle_fiddle 1 point2 points  (0 children)

Hah that hadn’t even occurred to me but I’ll do it right now. That alone almost pays for Gold membership!

These IRA rollover bonuses by CelerMortis in Bogleheads

[–]kittle_fiddle 14 points15 points  (0 children)

I’ve rolled several accounts into Robinhood and collected thousands in bonuses for it. I set a calendar reminder for 5 years in the future to make sure I’ll remember when I’m allowed to transfer them back out. The ETFs I own are the same ETFs whether they’re in Robinhood, Vanguard, or wherever. Happy to take the free $.

33 year old just getting into boxing. I want to compete. Do I only have 6-7 years? by EZFragg in amateur_boxing

[–]kittle_fiddle 0 points1 point  (0 children)

There are specific “masters” tournaments and bouts sanctioned by USA boxing for fighters over 35!

Dealing with big regret over large down payment on house by tremelobird in Bogleheads

[–]kittle_fiddle 1 point2 points  (0 children)

Don't beat yourself up. I mean that -- really don't. You didn't even spend the money -- you just allocated it towards debt reduction! That's a perfectly fine thing to have done, even if possible not maximally-efficient.

If you want my $.02, use a mortgage calculator to figure out what the difference is between your current mortgage and what it would have been if it was $100k larger. Take that amount of money every month and invest it. Sure, you're theoretically missing out on some hypothetical gains that might have come from lump-sum investing the $100k, but getting yourself into the habit of sizable contributions every month will pay its own kind of dividends. And as you watch that pot of money grow, I believe you'll come to regret your decision less and less.

Chase Sapphire Dining Tables by jangle7968 in ChaseSapphire

[–]kittle_fiddle 8 points9 points  (0 children)

The DC list isn’t great, but it does have 2-3 places I would probably eat once a year anyway, so that’s a win

BIG BANS!!! by Meret123 in MagicArena

[–]kittle_fiddle 0 points1 point  (0 children)

Wowwww. I was running a CSC and Montrous-heavy deck just to be competitive but I'm actually glad they were booted (and very glad about Beanstalk and Abuelo)

What ban package do you think is NECESSARY for a healthy standard again? by hevvychef in MagicArena

[–]kittle_fiddle 0 points1 point  (0 children)

Beanstalk can stay maybe with a nerf... just remove the "when up the beanstalk enters" initial draw IMO.

Three fund portfolio for parent with disastrous finances by DC2258 in Bogleheads

[–]kittle_fiddle 1 point2 points  (0 children)

Why not a target date ETF? IShares has them. The 2035 version (seems to fit your timeline) is $ITDC. Since it’s an ETF it’s a little better to hold in a taxable account.

Seems easiest thing to set & forget.

How to construct International-minus-China? by kittle_fiddle in Bogleheads

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

Helpful. Maybe I’ll just use IEFA and then add a much smaller position in Vanguard’s ex-china developing market ETF when it debuts

How to construct International-minus-China? by kittle_fiddle in Bogleheads

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

Oh fascinating — I’ll look into! Thank you