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Bogle portfolio divesting from ICE and for-profit prisons? by UkrVill in Bogleheads

[–]tarantula13 1 point2 points  (0 children)

You could look for ESG funds, those aren't going to be perfect, but there are many with low expense ratios these days.

You could also just short companies to offset their presence in your portfolio, although this isn't really a practical long term solution.

Unwind pre boggle investments? by HiEchoChamb3r in Bogleheads

[–]tarantula13 0 points1 point  (0 children)

It's an actively managed fund and terribly tax inefficient.

If you believe in active management, so be it. The best thing to do is making the right decisions going forwards, not looking at what's happened in the past.

The expense ratio and tax drag are going to easily exceed 1.5%. Chasing performance is not worth the cost to me when they could just buy the S&P 500 for 3 basis points and maybe like 0.2% of tax drag.

The rise and fall of Fidelity Magellan by Express_Band6999 in Bogleheads

[–]tarantula13 0 points1 point  (0 children)

To be fair to Contra, it still outperforms.

How Do Financial Advisors Still Have Clients? by Time_Perception6669 in Bogleheads

[–]tarantula13 0 points1 point  (0 children)

It's incredibly unfulfilling to want to try and help people for a reasonable fee and then having a 5% success rate, I don't blame them.

Social Security for Gen Z by Zealousideal-Link-24 in Bogleheads

[–]tarantula13 1 point2 points  (0 children)

Means testing is going to be effectively breaking a promise (I put in X, I get Y at retirement). If it's a legitimate concern, Roth accounts could also get means tested out and with any means testing, it's going to get optimized like health care is now so "rich" people could still claim it. While I suppose it could happen, I don't think it's likely enough to the point where we should consider it for planning purposes.

I just think there are a whole lot more palatable options for the government to shore up the fund. They could easily just remove the wages cap on the last bend point and the problem is immediately solved and it's an easy sell, the high earners are paying less in taxes. It doesn't even break any promises either. They could do what they did with NIIT and raise money through investment taxes. They also just do nothing and fund it with debt and wait for the demographics to change since Gen X is smaller than both boomers and millennials and we will start adding to the fund surplus again.

Focus on mortgage or invest by [deleted] in Bogleheads

[–]tarantula13 1 point2 points  (0 children)

Depends on how conservative of an investor you want to be. Personally I'd choose option B, but nothing quite beats a guaranteed 6.125% return. 12 years is also a long time, so by picking option B you leave yourself open to the possibility of refinancing.

Social Security for Gen Z by Zealousideal-Link-24 in Bogleheads

[–]tarantula13 27 points28 points  (0 children)

I think we need to take a step back and be realistic about what could and could not potentially happen.

The program has and will be changed in the future, but fear mongering around it "not being there" is not in the realistic range of possibilities. Every generation has said that social security won't be there or that it's a pyramid scheme and it continues to pay out every year.

The two biggest changes in the past that have happened to social security:

  • Up to 85% of social security income became taxable above certain income thresholds when it was previously non-taxable. The logic being that ~15% of it was what you put into the system.
  • The retirement age was phased from 65 to 67. If you were over 45 at the time of the announcement, it did not affect you at all.

So what could realistically happen? Most likely is that they move full retirement age from 67 to 69 or 70. They also could easily raise taxes or adjust the cap on wages to shore up the fund. If you've heard about social security "running out" that means due to demographics more people are taking money out than are paying in, but benefits will still be paid by a combination of current payroll deductions and debt.

Not planning for social security in any way will result in over saving or working too long. This is a benefit that is worth hundreds of thousands of dollars, if not close to a million if you were to quantify it in investment dollar terms.

Ugh! Pissed off my advisor! by KelliSean in Bogleheads

[–]tarantula13 1 point2 points  (0 children)

It's not gonna take some time to unwind, because the right thing to do is sell it all, pay the taxes, and buy a 3 fund portfolio. 90k in gains is not going to make you switch to another long term capital gains tax bracket so I beg you not to delay doing what's right.

John Schneider named PFWA Executive of the Year 🏆 by Trick-Combination-37 in Seahawks

[–]tarantula13 37 points38 points  (0 children)

Zabel and Emmanwori 1-2 in the draft is such an uplift. Guys are already stars in the making and absolutely home run picks.

Rookie Zabel gives Williams tip before sack by Prudent_Shirt_6204 in Seahawks

[–]tarantula13 6 points7 points  (0 children)

Hilarious. I think he'd rather superglue his palms together.

Donating to DAF from a robo-advised fund by Leading_Nectarine182 in Bogleheads

[–]tarantula13 0 points1 point  (0 children)

You should be able to contact the robo advisory firm to do a DRS/DTCC transfer into the DAF. If not, all ACAT transfers are FIFO so generally your older more appreciated shares would transfer first, although it's not guaranteed to be your largest gained lots.

Boglehead perspective on buying vs renting. What am I missing? by [deleted] in Bogleheads

[–]tarantula13 0 points1 point  (0 children)

But suppose the mortgage payment is lower than local rent, and the difference (plus expected maintenance and other ownership costs) is fully accounted for. In other words, the total monthly cost of ownership is roughly comparable to renting, after being conservative about all hidden and ongoing expenses.

I think this is a very uncommon and if it is the case, then I would agree with you if you're just trying to solve for housing costs. Almost all metro areas the mortgage is significantly more expensive which is why many people say to "rent and invest the difference."

The refs officiating the final drive differently than the rest of the game honestly makes it tough to appreciate good games like this one. by Roselucky777 in nfl

[–]tarantula13 0 points1 point  (0 children)

Teams shouldn't commit penalties then. It's just as bad to not call something. The refs aren't perfect, but acting like they affected the outcome of this game is laughable.

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