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DustinVoss

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  1. You might have to have MS Word installed on your computer, here's the text below:
  2. I would be very gracious for any feedback on this article I've submitted for publication in the Chicago Teacher's Union CUT magazine. Setting up your own deferred Pay.docx
  3. DustinVoss

    Questions about Roth and Real Estate

    Thanks Moe! We're hoping that we find a decent source of income this summer and can afford to replenish what we took with our summer's savings. As it is, most of the assets are in a bond fund, which I know should be losing value in the near term due to interest rate increases. We're pretty okay with the monthly dividend, however... both of us are pretty suspicious of this most recent bull market... part of why we were willing to pull money out to buy property in an up-and-coming Chicago neighborhood.
  4. DustinVoss

    Questions about Roth and Real Estate

    Moe! Wish I had posted this earlier for your advice. Thanks to krow as well. And I think I'm clear on this, but if you could chime in I'd be grateful. Essentially, Nora, put in 22000 over 4 years. Those monies were invested into SCHWAB ETFs. Because the 22000 was not liquid, we liquidated 22000 inside the Roth, then transferred the money. We liquidated the ETFs that had the highest gains and preserved the investment in some of the other ETFs that have been down or stagnant. This preserves about 5k of value in her Roth IRA, invested in ETFs. In other words, rather than liquidating the investments that had losses, we liquidated the winners, but in the end, the total dollar amount of distribution was equal to the contributions.
  5. I'm curious if anyone has any experience. My partner, Nora, and I are both teachers. We are about to close on a rental property that we will rent to her mother/my mother-in-law so that we can keep her close to home so we can balance care/support and our mother's independence (she has Parkinson's.) 1. To make the down-payment, we withdrew $22,000 from Nora's Schwab Roth IRA. To do this, we had to liquidate some ETFs. I chose to liquidate the ones that had gained the most and then withdraw the an amount equal to the principal that Nora has deposited in the last 4 years. My understanding is that, because it is principal, we will pay no penalty or tax. Does anyone know if I have this right? 2. Would it be possible to make the rental property part of Nora's Roth IRA... and if possible, might this be a good move? Thanks for the advice!
  6. I recently had my students study the Pecora hearings that led to the securities act of 1934 after the Great Depression. The very next lesson was viewing "The Big Short" and Dodd-Frank. My students have written things in their exit tickets/assignments that are evidence of exactly the kind of suspicious and critical thinking mind I think we all share (and aim to help others with.) I am convinced that it is morally imperative to teach this sort of thing. As one student wrote, "(after studying Pecora and "The Big Short") I now know you can't just go into any bank. You have to do the research and understand what tricks they might be trying to pull and how much risk you're willing to take."
  7. DustinVoss

    Great resource for teaching Personal Finance

    Steve! That's awesome. I know there are more finance teachers like me that are trying to be forces for good in their own schools, districts, and unions. Reply or note again when/if you get on the podcast so I can share in my circles. - Voss
  8. I do not give my endorsement lightly. 99% of the Personal Finance/Financial Literacy resources out there fall some where on the spectrum of "dry-garbage" to "aimed at creating dutiful consumers." Next Gen Personal Finance is about the first one (besides some case studies I've used and what I've made myself) that I would endorse. Check it out. https://www.ngpf.org/curriculum/
  9. My understanding of Bogle's opposition is that it stems form the temptation to day trade ETFs. Am I missing something? If I buy and hold, there probably is not much of a difference. Tony... I originally moved to ETFs from a Schwab Target Date fund because I decided I could actively manage ETFs (at that time they had lower e/r than the Schwab index funds) and reduce my fees. This was actually confirmed by FeeX if you're familiar with that app/company. Right now I mix ETFs and mutual funds, holding and buying both depending on a number of factors.
  10. Tony! Thanks so much for that comparison tool! I didnt even know about that and it reveals what you probably already knew... its half a dozen vs 6. Schwab Total ETF and Schwab Total MF differ very slightly
  11. Just thinking about this question. I suppose an ETF would be more vulnerable to volatility and possibly transaction fees. But the ETF also benefits from quarterly rather than annual dividends. Is my thinking correct? What are your thoughts? The impetus for this question being Schwab putting out new Mutual Funds with the same e/r of their ETFs that I already hold.
  12. DustinVoss

    2017 Return, costs and asset allocation

    I also fail to present as elegantly as Steve, and wish that I could. With my money spread across my Vangaurd 403b, Vangaurd ETF HSA, Vanguard 529 (used for my grad school this year, which itself gained 13%), and Schwab Roth IRA it is difficult to parse out a total return. Obviously all my investments are low cost and FeeX gives me an A+ grade. Given that I'm only 5% in bonds and another 3% in ETFs and within my Roth I did push a significant amount of money into Small Caps, I'd guess my overall return was somewhere in the low to mid teens. In 2018, I'm going to start fooling around with equal-weighted ETFs like EQAL and RSP. Although they have a slightly higher E/R (.2 compared to the .04 and .06 that Schwab ETFs have available) I'm interested to see their performance. I'm also more and more looking into investing with a heart. Unfortunately, most of the ethical ETFs and funds seem to have significantly higher E/R than indexes. I would be gracious to hear experts feedback.
  13. DustinVoss

    2017 Return, costs and asset allocation

    I also fail to present as elegantly as Steve, and wish that I could. With my money spread across my Vangaurd 403b, Vangaurd ETF HSA, Vanguard 529 (used for my grad school this year, which itself gained 13%), and Schwab Roth IRA it is difficult to parse out a total return. Obviously all my investments are low cost and FeeX gives me an A+ grade. Given that I'm only 5% in bonds and another 3% in ETFs and within my Roth I did push a significant amount of money into Small Caps, I'd guess my overall return was somewhere in the low to mid teens. In 2018, I'm going to start fooling around with equal-weighted ETFs like EQAL and RSP. Although they have a slightly higher E/R (.2 compared to the .04 and .06 that Schwab ETFs have available) I'm interested to see their performance. I'm also more and more looking into investing with a heart. Unfortunately, most of the ethical ETFs and funds seem to have significantly higher E/R than indexes. I would be gracious to hear experts feedback.
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