Madison MoneySports - Personal Finance Thread

[ScottyB]

my Roth is sitting at:

10.3% YTD
20.8% 1 year

its geared aggressively so i'm fine with the numbers but not surprised.

[WRXtranceformed]

I can't even check my Roth because our company got sold (again) and we're in a black out period as we transition to Fidelity.

The good news is that apparently Fidelity has lower fees than our old provider, but the funds that my funds are transitioning into are HEAVILY Fidelity-specific funds which may be good or bad. I've got Ben comparing them for me now because I don't have time to read through a book full of prospectuses (prospectii?)

[Apoc]

19.3% over last 12 months

My entire portfolio, including 401k, is 18.3% over last 12 months.

Fun fact: Investment returns are 35% higher than all my contributions during the same time period... and I save at least 10% of my earnings annually.

[ScottyB]

I can't even check my Roth because our company got sold (again) and we're in a black out period as we transition to Fidelity.

The good news is that apparently Fidelity has lower fees than our old provider, but the funds that my funds are transitioning into are HEAVILY Fidelity-specific funds which may be good or bad.  I've got Ben comparing them for me now because I don't have time to read through a book full of prospectuses (prospectii?)

my roth is through Fidelity, has been for years and years.  i think you'll like them.  I have two fidelity funds in my portfolio and they do well as far as i'm qualified to say 

[WRXtranceformed]

I can't even check my Roth because our company got sold (again) and we're in a black out period as we transition to Fidelity.

The good news is that apparently Fidelity has lower fees than our old provider, but the funds that my funds are transitioning into are HEAVILY Fidelity-specific funds which may be good or bad.  I've got Ben comparing them for me now because I don't have time to read through a book full of prospectuses (prospectii?)

my roth is through Fidelity, has been for years and years.  i think you'll like them.  I have two fidelity funds in my portfolio and they do well as far as i'm qualified to say 

Nice!  I'm glad I checked, we completely revised the investment allocations and percentages because the matched funds in some cases were actually completely different.

My figure was 12 months rolling for whoever asked. I am pretty pleased with that considering that's a diversified mix of funds, some of which are not invested in the market (I am at the point now where I need to start dialing even more money into more stable vehicles like bonds).  I was also mistaken, that did not include the growth from the tax havens or 401k which I mentioned.

Our blackout period ends in mid September, so I need to quickly reallocate the 401k funds and then I can see how the soup to nuts strategy came together from a % growth standpoint.  I can see the net worth values and growth over time but I can't isolate the funds I want to see until this site is fixed anyway

[ViPER1313]

So the professional allocation underperformed my throw it in small/mid/large cap index funds and forget it strategy by 2% ?

[Apoc]

All in, I'm at 9% bonds and I'm pretty risk averse, so my retirement account is actually closer to 15% bonds. I suspect the market has actually reduced that somewhat because things like index fund are kicking ass.

Based on Vanguard's lame 11 question quiz, they said my target should be 30% bonds. Yeeeaahhhh, not gonna work for me.

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So the professional allocation underperformed my throw it in small/mid/large cap index funds and forget it strategy by 2% ?

Technically, closer to 10% as it was 2pp.

[WRXtranceformed]

So the professional allocation underperformed my throw it in small/mid/large cap index funds and forget it strategy by 2% ?

Sure, if you want to compare apples to oranges.  Unless your index funds are diversifying outside the market for you?  Don't forget the tax shelters, we can compare our financial dicks and net after tax bills when we retire   

I guess I should separate the mutual funds and market-only stuff so we are comparing same/ same but I was just legitimately curious how they've performed for you.  I'm going under the assumption that those are literally the only investment vehicle some of you guys are using outside of maybe a company sponsored retirement plan.  Putting all of your eggs into the market is too risky even for me. 

Also, is the robo account selling for you whenever it chooses?  If so, how are you managing the reallocations and tax bills?
Do you know the fees each of the new funds charge when you're getting bought into them or do you just trust the machine? I wasn't trying to be snarky, just legitimately curious.

[V1GiLaNtE]

Any MMers have any experience with P2P lending such as Lending Club?

[HAULN-SS]

Collins does

[Apoc]

If you mean Mikey, I think all his experience is microloans with Kiva which provides no return like Lending Club. I've been doing Kiva for a few years and I've always gotten repaid, but it's an interest free loan for the funder. I'm sure the intermediary is making money off others' good will.

[WRXtranceformed]

Didn't know where else to put this but it's a good read following all this buzz about the $1.6B jackpot (the winning ticket was sold in SC but no it wasn't me )

https://thehustle.co/the-man-who-won-the...y-14-times

[HAULN-SS]

This is a bit like asking the shoeshine boy, but I've been reading a few articles on the subject of individual investment strategy lately. I thought this might make for some interesting thread reading.

How would you invest $5,000/$35,000/$75,000 if you had it in cash right now?

[BLINGMW]

This is a bit like asking the shoeshine boy, but I've been reading a few articles on the subject of individual investment strategy lately. I thought this might make for some interesting thread reading.

How would you invest $5,000/$35,000/$75,000 if you had it in cash right now?

5k: a nice dinner with fancy bottle of wine
35k: almost finish off "our" student loans
75k: finish off student loans, pay hospital for baby, AND nice fancy wine dinner!

[Apoc]

ETF/ETF/ETF

We might be upgrading our house soon.

[.RJ]

$5k - fly to vegas, bet on black, $35k - buy a 911, $75k - index fund.

[Kaan]

5k: Generator for my house OR drop it on my HSA account for when I'm retired and I don't want to spend retirement income on my doctors visits (5,600 is the annual max contribution, compound it over 23 years)

35k: I'm almost with RJ on this, a 911 might pay even bigger later... but I'd do $35k in 1 gram gold bars to physically have... any profit is tax free in the long run.

75k: With this lump sum, there are two ways to go with it... index funding it OR find your local craft brewery and buy in. they will actually need it now and if they manage it well, they will survive the bubble. There will be a bubble, not everyones liver can survive this life style AND there wont be many people with good livers to donate.... maybe you should invest in liver replacement research?

[V1GiLaNtE]

$5k - Fund my IRA for the year

$35k - Fund IRA, $3k for a great trip abroad, split the rest up between savings/taxible

$75k - Fund IRA, $3k for a great trip abroad, Triumph 675R, Savings/taxible

[HAULN-SS]

This is a bit like asking the shoeshine boy, but I've been reading a few articles on the subject of individual investment strategy lately. I thought this might make for some interesting thread reading.

How would you invest $5,000/$35,000/$75,000 if you had it in cash right now?

5k: a nice dinner with fancy bottle of wine
35k: almost finish off "our" student loans
75k: finish off student loans, pay hospital for baby, AND nice fancy wine dinner!

A little surprising to hear that for 35k...i would have thought your loans would have already had most of the interest paid by now

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5k: Generator for my house OR drop it on my HSA account for when I'm retired and I don't want to spend retirement income on my doctors visits (5,600 is the annual max contribution, compound it over 23 years)

35k: I'm almost with RJ on this, a 911 might pay even bigger later... but I'd do $35k in 1 gram gold bars to physically have... any profit is tax free in the long run.

75k: With this lump sum, there are two ways to go with it... index funding it OR find your local craft brewery and buy in. they will actually need it now and if they manage it well, they will survive the bubble. There will be a bubble, not everyones liver can survive this life style AND there wont be many people with good livers to donate.... maybe you should invest in liver replacement research?

It seems like cider places might be the next wave to ride.  I have a buddy that's planning to open one in PA. I think he also bought an orchard too,  but could be mistaken on that part.

[Senor_Taylor]

but I'd do $35k in 1 gram gold bars to physically have... any profit is tax free in the long run.

Is it though?

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