Financial Independence Fidelity Charitable accepts Ethereum now for Donor Assisted Funds. |
- Fidelity Charitable accepts Ethereum now for Donor Assisted Funds.
- I created a subreddit for Sankey budget diagrams.
- How Do You Mentally Prepare Yourself For the Inevitable Bear Market?
- Daily FI discussion thread - December 05, 2017
- FIREd but thinking of going back to work
- Trying to choose between 457b vs 403b, advantages and disadvantages?
- Vanguard Warns More Volatility in 2018 May Hurt Equity Returns
- Transitioning to consulting, looking for advice
- Does anyone use a Risk Parity approach to diversification and portfolio allocation?
- Tracking FI/RE in excel
- Need Advice - How to run a side hustle when working high-stress full-time job ?
- Any Postal workers who FIREd or are working on it?
- real life FIRE journey
- FI in Hong Kong?
- Confession time - Will anyone admit to hoping the market crashes soon?
- When my money went in 2017! 24M in NYC (Sankey)
- With a recession on the horizon, do any of you sell all of your stocks and buy bonds to take less of a hit once the market tanks?
| Fidelity Charitable accepts Ethereum now for Donor Assisted Funds. Posted: 05 Dec 2017 07:17 AM PST I know crypto doesn't get a whole lot of love here, but I just called up Fidelity Charitable to inquire if their Donor Advised Funds (DAF) can accept crypto other than bitcoin and she said that they can also accept Ethereum now. If anyone is looking for a great way to donate some of their eth earnings without having to pay capital gains on it, this is it. If you are unaware, donor assisted funds in general are a great place to donate appreciated assets (stocks,etc) without having to pay capital gains on them. This way you do not take the tax hit and can donate more to your favorite charity instead of cashing out the asset and then donating. [link] [comments]  |
| I created a subreddit for Sankey budget diagrams. Posted: 05 Dec 2017 07:53 AM PST Noticed they've been overrunning this sub along with dataisbeatiful so I thought it would be a good idea to create a place for people to share their own. Critique, discuss, and share your budget at /r/sankeybudgets [link] [comments]  |
| How Do You Mentally Prepare Yourself For the Inevitable Bear Market? Posted: 04 Dec 2017 08:32 PM PST Basically I began my financial independence journey in 2012, so I've never experienced a bear market yet, how do I mentally prepare myself and ensure I don't do anything stupid? [link] [comments]  |
| Daily FI discussion thread - December 05, 2017 Posted: 05 Dec 2017 03:08 AM PST Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! Have a look at the FAQ for this subreddit before posting to see if your question is frequently asked. Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. [link] [comments]  |
| FIREd but thinking of going back to work Posted: 04 Dec 2017 10:04 PM PST I FIREd about 6 years ago. Then my spouse was killed in a hit-and-run. I tried very hard to adopt children without any luck. It is very hard for non-Mormons who are single to adopt in the part of Utah where I live. I am now looking into surrogacy but it will cost me at least $120,000. As a result I am thinking of going back to work full time unless you can offer me some better advice. I kind of like my FIREd status. [link] [comments]  |
| Trying to choose between 457b vs 403b, advantages and disadvantages? Posted: 05 Dec 2017 04:55 AM PST I just started a new job and am opening up a new retirement account. I will be making roughly $105,000 in wages, pre tax. I'm planning on opening a traditional account (maxing a Roth IRA as well), which I have the option of 457b or 403b. My simple understanding of the differences between the two are that a 457b offers the ability to take out money prior to age 59 and 1/2 without penalty if you are no longer with the company. This just seems like a straight up better option. When I asked our companies financial adviser the only downside he offered was that a 457b could possibly have more limited fund options when transferring it in the future. As of now, given this understanding, I'm thinking I will go with the 457b as it appears to be an easier vehicle to take money out of in early retirement. Can anyone further elaborate on the differences or disadvantages of the 457b for early retirement? Thanks! [link] [comments]  |
| Vanguard Warns More Volatility in 2018 May Hurt Equity Returns Posted: 05 Dec 2017 08:13 AM PST Vanguard Group, which manages $4.8 trillion, wants investors to take note: 2018 may not be great for your portfolio. [link] [comments]  |
| Transitioning to consulting, looking for advice Posted: 05 Dec 2017 10:13 AM PST Hi all, I've been reading MMM and lurking here for years. I'm 26 and have been working as a software engineer at my current job for 3 years next week. I have about 10k in savings, no debt and a first batch of contracting work lined up which should easily carry me through May. My expenses are around $2500/mo as I live in the Boston area and haven't bothered really min/maxing things. I've been averaging a savings rate around 50% over the past few years. I should hit ~100k net worth after my end of year bonus and have decided to transition to consulting after New Years. All that said to ask are there specific actions I should take or things to watch out for. I'm specifically curious about the following topics:
I think I've set myself up for success but a lot of this is new to me and I'd love to benefit from the collective wisdom of the community to avoid pitfalls. Cheers (edited formatting) [link] [comments]  |
| Does anyone use a Risk Parity approach to diversification and portfolio allocation? Posted: 05 Dec 2017 08:44 AM PST For a risk parity portfolio instead of having a 90/10 portfolio with a 6% expected return where your returns and volatility are therefore 98% driven by the equity component of your portfolio, you would instead have something more like a 50/50 portfolio with a 4% expected return that you use modest leverage to increase the return back to 6%. Now your portfolio is much more equally weighted by risk between the equity and bond portions. You end up with the same expected return and a better sharpe ratio. (above example is simplified for illustrative purposes) I don't think this actually makes a whole lot of sense to try to implement though, since it requires a lot of work, leverage and active rebalancing. The funds that offer this approach often also have fees above 1%, which likely crowd out any benefit. More on Risk Parity: https://www.aqr.com/cliffs-perspective/risk-parity-why-we-fight-lever Bridgewater pioneered the approach in 1996 with their All Weather Fund. There are some great charts in the below showing risk adj returns relative to a 60/40 portfolio. https://www.bridgewater.com/resources/our-thoughts-about-risk-parity-and-all-weather.pdf [link] [comments]  |
| Posted: 04 Dec 2017 08:33 PM PST Does anyone have a good spreadsheet that tracks net worth, percentage to FIRE that can be updated monthly and would be willing to share with me? I suck at excel and would love to see what others have done. :) [link] [comments]  |
| Need Advice - How to run a side hustle when working high-stress full-time job ? Posted: 05 Dec 2017 06:27 AM PST So here is my situation. I work as a Radiology Technologist in a busy multi-disciplinary hospital, our shifts are 12.5 hours long and with commuting am 14 hours outside the house. I barely have personal time during those 12 hours so studying/researching business ideas at work is not too practical. The future prospect is good if I can hold for another 2-3 years in which I might get the chance to switch to administrative work (9 hours/5 days a week). I found a job opportunity in a small outpatient clinic where the workload is 200 patients PER YEAR ! meaning most days I will be free but still get my salary (same salary as the current job). Am at this hard-fork in my career life where I could sign-off my career future by leaving a high-paying/prestigious/high-stress job for a less prestigious/slow career ladder climbing? to focus on side hustles and in future turn full-time entrepreneur. Or hold on for 2-3 years to get a less-stressful job at the same company AND THEN starting working seriously on my side-hustle but I won't make any progress on my side-business during those 2-3 years. What's your take if you have been in a similar situation ? [link] [comments]  |
| Any Postal workers who FIREd or are working on it? Posted: 04 Dec 2017 10:46 PM PST |
| Posted: 05 Dec 2017 02:20 PM PST Hi everybody, I just wanted to post my numbers so you guys can see what a regular person with a real life situation is doing to try and FIRE. 33yo male, Income from job: $105,000 General Manager at Auto Parts Distributor Cash: $2000 Brokerage Acct: $3300 401k: $10,700 Property #1: -Worth $220k -Owe 135k -Equity 85k Property #2: -Living in it -Worth $185k -Owe 162k -Equity 23k Saving ~$700 a month in my 401k with 3% employer matching Debts: Cadillac DTS, owe $5000, worth $7000 Installment Loan #1: $8000 ($362 monthly pmt) Installment Loan #2: $3500 ($150 monthly pmt) Installment Loan #3: $5000 ($223 monthly pmt) (Cadillac) Student Loan: $120,000 ($700/month) making minimum 10% payments with PAYE plan, 20 year forgiveness Credit Card #1: $6000 Credit Card #2: $6000 I bring home about $5000 cash every month from my job and $1550 from the rental, for a total of $6550. My total expenses are $5727 for a spread of $823 per month. I get a yearly bonus around $10-15k depending on performance, this is included in my income number. Here is a breakdown of my bills. It's pretty depressing honestly. Mortgage #1 1105 Mortgage #2 1221 Personal Loan 150 DTS Loan 225 Old Car Pmt 362 Gas 40 Cell Phone 35 Student Loan 700 Health Insurance 250 Dental Insurance 13 Food 200 Lunches 20 Recreation 550 Alcohol 50 Supplies/Pets 50 Haircut 25 Prescription/Medical 50 Property Mgmt. 0 Car Insurance 130 Utilities 120 Water Bill 70 Water Bill #2 0 Gym 20 Shoes/Clothes 50 Lawn Maintenance 70 Comcast 71 Debt Service (12k cc) 150 TOTAL EXPENSES 5727 Total Personal Expenses 4356 I only put down 5% to get each house, 12k to close on the first one and $13k on the 2nd one. I live in South Florida so the home values have been appreciating quite rapidly for years now. The first house I've only owned 2 years, I bought it for $145k and it's worth $220-230k now. I moved out, lived in a hotel, and bought the 2nd one which I've had for 11 months now. So you can see even with my solid income and a somewhat conservative lifestyle, I struggle to save money. I just have way too many old loans on my back and I spend too much on frivolous shit every month. My student loan is killing me, it's accruing probably $700 in interest every month because it's at like 6%. And those installment/ credit card loans are all money I have had to spend since taking on two properties. Major big ticket items broke on me and I had to renovate a room with 10 old jalousie windows to make the place rentable. So that really set me back. But yeah, I am planning on spending 2018 paying off all of my loans and trying to get more into the black. I have resisted taking a home equity loan or refinancing property #1 because all of the loans I am carrying are at 3% interest or less. If you guys have any suggestions (positive or negative) on how I could improve things I am all ears! Thanks for reading [link] [comments]  |
| Posted: 05 Dec 2017 07:54 AM PST I'm a young American, crazy about FIRE and moving to Hong Kong soon with my foreign SO. I've read that HK has essentially no taxes on capital gains, dividends, interest, and so on. Given that my SO and I will both be working and have fairly high salaries (ie are able to overcome high COL), this seems like savings heaven. What's the catch? Does anyone have any experience with FIRE in HK or know of any strategies of how to do this? [link] [comments]  |
| Confession time - Will anyone admit to hoping the market crashes soon? Posted: 05 Dec 2017 06:49 AM PST I know that market crashes lead to layoffs and a lot of personal tragedy. I know it's going to make life difficult for many people. I also know that it's bound to happen sooner or later, and that there's no way to avoid it. Given that, and the fact that it constantly feels like we're walking on a tightrope all the time just waiting for the market to rebalance, sometimes I just wish it would happen so that we can deal with it and get into the rebuilding phase. [link] [comments]  |
| When my money went in 2017! 24M in NYC (Sankey) Posted: 05 Dec 2017 11:24 AM PST Throwaway because a coworker knows my regular username. My base salary is $42K for 35 hours a week with 1.5x after 40 hours. I usually work around 42 hours a week. This is my first full year in the workforce & I am pretty proud of what I have managed to save & invest. [link] [comments]  |
| Posted: 05 Dec 2017 02:19 PM PST |
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