Spirit of NKS
11-13-2014, 10:39 AM
#8751
Gets Weekends Off
Joined APC: Jun 2005
Position: Under the Frog
Posts: 1,125
No one consistently beats the market. If they do, any gain is eaten in fees. This true in any actively managed fund in any retirement account. Buy a stock index fund, a bond index fund, and a cash fund. Balance your money in each based on where you are in age. Retirement made easy. Good luck
Stick with index funds. Own everything, all the time. All you need to do is figure out what percentage of the 3 or 4 ETF's you need in your portfolio.
The S&P is basically the Large Cap offering.
SCHM= Mid Cap
SCHA= Small cap
SCHF= International
SCHD= Bonds.
With those 5 ETF's (you can add a little bit of REIT exposure (SCHH) to spice things up, if you'd like, but no more than 5-10% of your portfolio) you can build a kick-ass long term low cost portfolio.
You can also just buy the Schwab family index mutual funds, and make a good low-cost mutual fund portfolio using the tickers in this article... a wee bit more expensive than the ETF counterparts, but still a fraction of the price. Also, you can invest your full amount, whereas with the ETF's you're always leaving a little money on the table because you can only buy whole shares.
http://www.bogleheads.org/wiki/Three-fund_portfolio
Last edited by gringo; 11-13-2014 at 10:58 AM.
11-13-2014, 10:51 AM
#8752
Gets Weekends Off
Joined APC: Jun 2005
Position: Under the Frog
Posts: 1,125
11-13-2014, 10:56 AM
#8753
Line Holder
Joined APC: Dec 2013
Posts: 29
And what will the Flight Attendants do with their company issued Samsung devices? They are monetarily responsible for them if they are lost, so I doubt they would be leaving them anywhere.
Last edited by daves; 11-13-2014 at 11:16 AM.
11-13-2014, 11:14 AM
#8755
Line Holder
Joined APC: Dec 2013
Posts: 29
I think with the right connections, a civilian background can also get hired with 3000TT+. There was at least one in the class before me that I know of. But you have to be very well connected and not need the benefits of the job fair.
11-13-2014, 04:42 PM
#8756
Banned
Joined APC: Jan 2006
Position: A-320
Posts: 6,929
No one consistently beats the market. If they do, any gain is eaten in fees. This true in any actively managed fund in any retirement account. Buy a stock index fund, a bond index fund, and a cash fund. Balance your money in each based on where you are in age. Retirement made easy. Good luck
perfect for lazy people like me that don't have the desire,energy, skill to individually pick stocks
11-13-2014, 05:17 PM
#8757
Gets Weekends Off
Joined APC: Jun 2005
Position: Under the Frog
Posts: 1,125
Believe it or not, Schwab has an equivalent Total Stock Market fund, for even less of an expense ratio than the VTSMX.
Equity Index Funds: Schwab Brokerage: Index Funds
Check out SWTSX. (.09%) ER.
Max out your 401k, take full advantage of the company match, and really watch your retirement account grow. You can only put $5500 into your Vanguard IRA- you can dump $17.5k annually into your 401k. With the match, on 4th or 5th year pay, you can conceivably double that to $35k a year... You can even keep the same strategy you're using over at Vanguard!
11-13-2014, 05:21 PM
#8758
Banned
Thread Starter
Joined APC: Oct 2008
Posts: 1,857
Man! I wish we had a committee to help up maximize our 401k...Schwab can really tell you what to do. Or leave it to 20xx and forget it.
11-13-2014, 05:32 PM
#8759
Gets Weekends Off
Joined APC: Jun 2005
Position: Under the Frog
Posts: 1,125
If you can figure out how to operate Fifi's box, you can figure out how to build your portfolio for way way cheaper.
While the difference between a "20XX" fund expense ratio of 1.05% vs an ultra low cost portfolio you can build yourself for about .15% May seem insignificant, over time with large balances the difference really adds up.
Like $50k or more.
I don't know about you, but spending a minimal amount of time reading up on the topic in exchange for $50k or more seems like a good deal...
While the difference between a "20XX" fund expense ratio of 1.05% vs an ultra low cost portfolio you can build yourself for about .15% May seem insignificant, over time with large balances the difference really adds up.
Like $50k or more.
I don't know about you, but spending a minimal amount of time reading up on the topic in exchange for $50k or more seems like a good deal...
11-13-2014, 07:05 PM
#8760
Gets Weekends Off
Joined APC: Oct 2010
Posts: 4,603
Great approach, just make sure you have some exposure in (at a minimum) bonds and international.
Believe it or not, Schwab has an equivalent Total Stock Market fund, for even less of an expense ratio than the VTSMX.
Equity Index Funds: Schwab Brokerage: Index Funds
Check out SWTSX. (.09%) ER.
Max out your 401k, take full advantage of the company match, and really watch your retirement account grow. You can only put $5500 into your Vanguard IRA- you can dump $17.5k annually into your 401k. With the match, on 4th or 5th year pay, you can conceivably double that to $35k a year... You can even keep the same strategy you're using over at Vanguard!
Believe it or not, Schwab has an equivalent Total Stock Market fund, for even less of an expense ratio than the VTSMX.
Equity Index Funds: Schwab Brokerage: Index Funds
Check out SWTSX. (.09%) ER.
Max out your 401k, take full advantage of the company match, and really watch your retirement account grow. You can only put $5500 into your Vanguard IRA- you can dump $17.5k annually into your 401k. With the match, on 4th or 5th year pay, you can conceivably double that to $35k a year... You can even keep the same strategy you're using over at Vanguard!
Also I'm sure you know that the united, American, and delta narrow body captains are getting about $35k JUST FROM THE COMPANY without a match. That means while we are putting $17.5 into our 401k to get a match they are able to take their $17.5k to fund an IRA, invest in real estate, start a side business, blow on strippers etc.
Let's not even talk about the nearly two months pay they will be getting in profit sharing for this year. Not AA though.
Joey meatballs evil legacy twin is buying an M6 not a girl car like a Z4
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