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Message
Vanguard Mutual Fund Recommendations?
Posted on 2/7/14 at 4:16 pm
Posted on 2/7/14 at 4:16 pm
I made a slip up on my math for taxes last year and I am getting a $1300+ refund. Combine it with some money I have sitting in checking and I am interested in dumping it into either a new Vanguard fund, or dollar cost averaging it into my current VDAIX holding until I can convert to Admiral Shares. I do have $3k to spend which covers the minimum buying requirement for most funds. One last note to add, this will be in a taxable account as my Roth is already maxed for 2014.
//Edited to add: I currently own shares of VTSAX and VDAIX
//Edited to add summary of portfolio:
Age 24 - Aggressive portfolio. I do not intend to touch my taxable for at least 5 years barring any unforeseen event that would require me to access it. The summary below does not include my tax refund.
Taxable VDAIX Vanguard Dividend Appreciation Index Fund $7,496.04 14.12%
Roth IRA - VTSAX: Vanguard Total Stock Market Admiral Shares - 20.74%
Roth IRA - VFFVX: Vanguard Target Retirement 2055 Fund - 5.33%
Roth IRA -VMMXX: Vanguard Prime Money Market Fund - 6.59%
401(k) - JETSX: John Hancock Total Stock Market Index Fund - 22.17%
401(k) - JFIVX: John Hancock 500 Index Fund - 4.83%
Savings - 19.93% (Approx 8 month living expenses)
Checking - 6.29% (Will invest from this portion)
//Edited to add: I currently own shares of VTSAX and VDAIX
//Edited to add summary of portfolio:
Age 24 - Aggressive portfolio. I do not intend to touch my taxable for at least 5 years barring any unforeseen event that would require me to access it. The summary below does not include my tax refund.
Taxable VDAIX Vanguard Dividend Appreciation Index Fund $7,496.04 14.12%
Roth IRA - VTSAX: Vanguard Total Stock Market Admiral Shares - 20.74%
Roth IRA - VFFVX: Vanguard Target Retirement 2055 Fund - 5.33%
Roth IRA -VMMXX: Vanguard Prime Money Market Fund - 6.59%
401(k) - JETSX: John Hancock Total Stock Market Index Fund - 22.17%
401(k) - JFIVX: John Hancock 500 Index Fund - 4.83%
Savings - 19.93% (Approx 8 month living expenses)
Checking - 6.29% (Will invest from this portion)
This post was edited on 2/8/14 at 10:24 am
7
Posted on 2/7/14 at 4:17 pm to RickAstley
I got a big ole refund too. I'm severely annoyed.
I use ETFs so I'm no help, but I'll help keep this on top.
I use ETFs so I'm no help, but I'll help keep this on top.
Posted on 2/7/14 at 4:23 pm to RickAstley
Search the board. There have been a million threads on this.
No hatin', just sayin'.
No hatin', just sayin'.
Posted on 2/7/14 at 4:31 pm to Cmlsu5618
quote:
Search the board. There have been a million threads on this.
No hatin', just sayin'.
So which thread did you post your recommendation in to help my search?
Posted on 2/7/14 at 4:32 pm to Teddy Ruxpin
quote:
I got a big ole refund too. I'm severely annoyed.
I am not annoyed about it, but I will be if it happens again next year. Last year I had to pay interest on top of what I owed, so getting a refund is a better result this time around.
quote:
I use ETFs so I'm no help, but I'll help keep this on top.
Posted on 2/7/14 at 4:32 pm to RickAstley
Vanguard total stock market vtsmx
Posted on 2/7/14 at 4:35 pm to RickAstley
quote:
So which thread did you post your recommendation in to help my search?
I won't do your dirty work for ya man!
Posted on 2/7/14 at 4:46 pm to Cmlsu5618
quote:
I won't do your dirty work for ya man!
I've reached capacity this Friday afternoon. This about sums up my feelings at this point today regarding the search button
Posted on 2/7/14 at 4:55 pm to Teddy Ruxpin
quote:
I got a big ole refund too. I'm severely annoyed.
Admittedly being new to all of this, why are you annoyed on getting money back? Pure curiosity question.
This post was edited on 2/7/14 at 4:56 pm
Posted on 2/7/14 at 5:00 pm to roguetiger15
quote:
vtsmx
Posted on 2/7/14 at 5:01 pm to zbeaux13
Ultimately you gave the government a free loan for the previous year when you get a refund. The $1300 I got back was money I could have had in my pocket last year but instead I withheld extra per paycheck in federal taxes and I am getting it all back in a lump sum this year. With that being said that was $1300 that I kept out of the stock market, when the market hit all time highs last year
Posted on 2/7/14 at 5:07 pm to RickAstley
I see. So you basically lost any potential profits in the market with what was withheld.
Can that be a good thing some years when the market is down?
Can that be a good thing some years when the market is down?
Posted on 2/7/14 at 6:53 pm to zbeaux13
Giving the government more money than u have to is never a good thing
This post was edited on 2/7/14 at 6:54 pm
Posted on 2/7/14 at 7:41 pm to RickAstley
Vanguard STAR fund VGSTX
Posted on 2/7/14 at 11:51 pm to RickAstley
VOO has done very well for me.
Posted on 2/8/14 at 2:51 am to RickAstley
quote:
my Roth is already maxed for 2014.
Ballsy move.
quote:
One last note to add, this will be in a taxable account
I would consider VEIPX, but that is kind of an off the wall for normal taxable accounts. (I do it, but my purposes/goals may be different.)
Seriously though, unless you post up a detailed summary of your entire portfolio, you won't get good responses to this kind of question.
Posted on 2/8/14 at 9:17 am to RickAstley
Vanguard Windsor II
Low price Large Caps
Nice dividend and should weather the current volatility.
$3k min.
Low price Large Caps
Nice dividend and should weather the current volatility.
$3k min.
Posted on 2/8/14 at 10:15 am to Volvagia
quote:
Ballsy move.
Why do you say? I had my Roth IRA contribution stored in savings. I moved $2k into VTSMX to convert to Admiral shares, while the remaining $3500 I have in Vanguard's prime money market fund performing nearly the same function as my savings.
quote:
Seriously though, unless you post up a detailed summary of your entire portfolio, you won't get good responses to this kind of question.
Regarding my portfolio, I have an aggressive approach which I plan to begin balancing according to age as I earn more:
Age 24
27% - 401(k)
32.66% - Roth IRA
14.12% - Vanguard Taxable
19.92% - Savings
6.29% - Checking (Looking to invest a portion)
I will edit the OP to complete the summary of my portfolio
Posted on 2/8/14 at 11:37 am to RickAstley
I assumed it was already invested, rather than being in a money market fund.
This year SCREAMS to DCA due to the expected bubble pop.
Two recommendations, especially because you seem to have more in line with my style of thinking:
I maintain the VEIPX recommendation for taxable. I considered using VDAIX but I didn't feel it to be the best fit for my goals. Not saying you should divest from it obviously, but I think VEIPX is the better asset for producing a cash flow without selling shares, which combined with the preferential tax rate for qualified dividends makes for a good synergistic pairing.
Also, I would recommend keeping an eye open for when VHCOX reopens to new investors and add that to your portfolio in your Roth.
Idle Musing: Target date funds don't really do much for you unless they are a good percentage of your holding.
This year SCREAMS to DCA due to the expected bubble pop.
Two recommendations, especially because you seem to have more in line with my style of thinking:
I maintain the VEIPX recommendation for taxable. I considered using VDAIX but I didn't feel it to be the best fit for my goals. Not saying you should divest from it obviously, but I think VEIPX is the better asset for producing a cash flow without selling shares, which combined with the preferential tax rate for qualified dividends makes for a good synergistic pairing.
Also, I would recommend keeping an eye open for when VHCOX reopens to new investors and add that to your portfolio in your Roth.
Idle Musing: Target date funds don't really do much for you unless they are a good percentage of your holding.
This post was edited on 2/8/14 at 11:39 am
Posted on 2/8/14 at 7:15 pm to RickAstley
I like your thought to put the $3,000 in the VDAIX. That will get you over the $10,000 minimum to qualify for the Admiral status.
Also, at your age I wouldn’t have any money in the VMMXX money market fund inside of a Roth unless you are keeping some powder dry to take advantage of a dip. Even then it isn’t enough money to make a big impact. Put that money in a stock fund.
Also, at your age I wouldn’t have any money in the VMMXX money market fund inside of a Roth unless you are keeping some powder dry to take advantage of a dip. Even then it isn’t enough money to make a big impact. Put that money in a stock fund.
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