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Re: Rental property with in-laws: please help!

What do you think happens when you default on a HELOC? http://www.washingtonpost.com/investigations/lenders-seek-court-actions-against-homeowners-years-after-foreclosure/2013/06/15/3c6a04ce-96fc-11e2-b68f-dc5c4b47e519_story.html It doesn't go away. Hmmm, the article is (mainly) about Maryland. stat...
by 555
Thu Sep 18, 2014 3:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rental property with in-laws: please help!
Replies: 128
Views: 7730

Re: Rental property with in-laws: please help!

It seems to me that OP('s wife) is stuck with the debt, regardless of who actually owns the property.

Who does own this property, anyway?
by 555
Wed Sep 17, 2014 2:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rental property with in-laws: please help!
Replies: 128
Views: 7730

Re: The dangerous practice of rebalancing...

Not sure if anyone pointed it out yet but "The dangerous practice of rebalancing" is just "clickbait".
by 555
Tue Sep 16, 2014 1:47 pm
 
Forum: Investing - Theory, News & General
Topic: The dangerous practice of rebalancing...
Replies: 184
Views: 12404

Re: Optimizing Lifetime Taxes Using Roth and Trad Accounts

celia wrote:555, What kind of income would you have to have to get into a situation like this?
It's due to various credits.
by 555
Sun Sep 14, 2014 11:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Optimizing Lifetime Taxes Using Roth and Trad Accounts
Replies: 12
Views: 824

Re: Optimizing Lifetime Taxes Using Roth and Trad Accounts

Ybsybs wrote:I have no idea what you mean. Could you explain?

Suppose you pay -$5k in federal in federal tax. Suppose an extra $1k in income would increase your federal tax to -$4.6k. Then your marginal tax rate is 40%.
by 555
Sun Sep 14, 2014 11:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Optimizing Lifetime Taxes Using Roth and Trad Accounts
Replies: 12
Views: 824

Re: Optimizing Lifetime Taxes Using Roth and Trad Accounts

Anyway, I appreciate the calculations. My retirement situation is simple in the sense that I will have no pension or SS, and probably no taxable account, so your analysis applies to my situation. It confirms what I expected, that I can have a decent balance (>$2M) and still stay in the 15% bracket, ...
by 555
Sun Sep 14, 2014 10:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Optimizing Lifetime Taxes Using Roth and Trad Accounts
Replies: 12
Views: 824

Re: Optimizing Lifetime Taxes Using Roth and Trad Accounts

(A) When you have low enough income to effectively not pay income taxes but still enough to be eligible to make contributions to tax advantaged accounts – contribute to Roth accounts. This is very wrong. You can have zero or negative federal tax but still have very high (positive) marginal tax rate...
by 555
Sun Sep 14, 2014 10:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Optimizing Lifetime Taxes Using Roth and Trad Accounts
Replies: 12
Views: 824

Re: The dangerous practice of rebalancing...

If someone does not intend to rebalance after a stock correction, my opinion is that this person has an inappropriate asset allocation (AA) with too much stocks in it. Let me explain how I came to that conclusion: If one is willing to hold a smaller proportion of stocks in his portfolio after a cor...
by 555
Sat Sep 13, 2014 2:15 pm
 
Forum: Investing - Theory, News & General
Topic: The dangerous practice of rebalancing...
Replies: 184
Views: 12404

Re: Strong dollar = tilt international?

columbia wrote:I believe the OP was thinking about increasing the percentage of international.
I was responding to this.
nisiprius wrote:I think you've got it exactly backwards
Regardless of whether you're rebalancing or overbalancing you're still generally buying the cheaper asset, so nothing was backwards.
by 555
Sat Sep 13, 2014 12:34 pm
 
Forum: Investing - Theory, News & General
Topic: Strong dollar = tilt international?
Replies: 15
Views: 1380

Re: Strong dollar = tilt international?

I think you've got it exactly backwards Wait. Don't your charts exactly support the OP's contention. If the US$ goes up, buy for international stock, since it would be getting cheaper. That's what rebalancing would have you do anyway. I think nisiprius is exactly right. I wouldn't change AA. I don'...
by 555
Sat Sep 13, 2014 11:41 am
 
Forum: Investing - Theory, News & General
Topic: Strong dollar = tilt international?
Replies: 15
Views: 1380

Re: Strong dollar = tilt international?

nisiprius wrote:I think you've got it exactly backwards

Wait. Don't your charts exactly support the OP's contention. If the US$ goes up, buy for international stock, since it would be getting cheaper. That's what rebalancing would have you do anyway.
by 555
Sat Sep 13, 2014 4:27 am
 
Forum: Investing - Theory, News & General
Topic: Strong dollar = tilt international?
Replies: 15
Views: 1380

Re: Google Voice Not Supported on OBi Devices After May 15 2

It looks like I had the right approach. Do nothing and hope it all blows over.
by 555
Thu Sep 11, 2014 7:27 pm
 
Forum: Personal Consumer Issues
Topic: Google Voice Not Supported on OBi Devices After May 15 2014
Replies: 102
Views: 10879

Re: Trying to get my company to switch to Vanguard 401(k)

Alskar , do you have a source/link for those numbers? Also do you know if it is different for 403b's? (My employer enquired about Vanguard being a 403b provider and was told it would cost >$100 per participant.) I don't have a link to them, but I got them directly from John Lent at Vanguard in Phoe...
by 555
Tue Sep 09, 2014 10:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trying to get my company to switch to Vanguard 401(k)
Replies: 24
Views: 1955

Re: Diversification in practice: Investing from Australia

555 wrote:
RhinoTroy wrote:* AUD is also highly correlated

AUD is also highly correlated to what?

Anyone know what was meant here?
by 555
Tue Sep 09, 2014 10:28 am
 
Forum: Investing - Theory, News & General
Topic: Diversification in practice: Investing from Australia
Replies: 22
Views: 1681

Re: Credit Card Account [Automatically Closed] due to inacti

This was about ten years ago. I had similar experiences trying to cancel dial-up internet. In that case the phone rep would eventually give in and tell me it was cancelled. But then they kept charging and when I called back they said oh that phone rep wasn't authorized to do the cancellation. There'...
by 555
Sun Sep 07, 2014 5:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Card Account [Automatically Closed] due to inactivity
Replies: 29
Views: 1922

Re: Credit Card Account [Automatically Closed] due to inacti

If you try to cancel a credit card you no longer want, it's virtually impossible. The only way I've found to kill a credit card is to not use it for several years. Thats not my experience. If you call the number on the back of the card and say you want to cancel the card, they will do so. They migh...
by 555
Sun Sep 07, 2014 3:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Card Account [Automatically Closed] due to inactivity
Replies: 29
Views: 1922

Re: Diversification in practice: Investing from Australia

RhinoTroy wrote:* AUD is also highly correlated

AUD is also highly correlated to what?
by 555
Sun Sep 07, 2014 12:57 pm
 
Forum: Investing - Theory, News & General
Topic: Diversification in practice: Investing from Australia
Replies: 22
Views: 1681

Re: Automatic Closing of Credit Card Accounts due to inactiv

If you try to cancel a credit card you no longer want, it's virtually impossible. The only way I've found to kill a credit card is to not use it for several years.
by 555
Sun Sep 07, 2014 12:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Card Account [Automatically Closed] due to inactivity
Replies: 29
Views: 1922

Re: Why is REIT only sector fund recommended in slice & dice

Some people hold REITs and stay the course. Some people don't hold REITs and stay the course. Both are reasonable. The difficulty is when you are considering changing your asset allocation, perhaps based on reading what others say your portfolio should include. That's when valuations could matter. T...
by 555
Sun Sep 07, 2014 10:24 am
 
Forum: Investing - Theory, News & General
Topic: Why is REIT only sector fund recommended in slice & dice?
Replies: 113
Views: 7639

Re: Approx'ing TISM with limited fund options.

Okay, I played with Morningstar instant x-ray. It looks like the best style box match to TISM is with
87% FSGDX (Fid large international)
13% VFSVX (Vang mid/small international)
blended ER 0.21%

It still could be that FSGDX is good enough.
by 555
Sun Sep 07, 2014 10:09 am
 
Forum: Investing - Theory, News & General
Topic: Approx'ing TISM with limited fund options.
Replies: 9
Views: 618

Re: Approx'ing TISM with limited fund options.

I've now found out that one of my non-IRA retirement accounts will soon have Spartan Global ex U.S. Index Fund - Fidelity Advantage Class ( FSGDX, ER 0.18%), so now I have a couple more questions. I could keep things simple and just use 100% FSGDX. Would that be a good enough approximation of TISM? ...
by 555
Sun Sep 07, 2014 12:29 am
 
Forum: Investing - Theory, News & General
Topic: Approx'ing TISM with limited fund options.
Replies: 9
Views: 618

Re: Role of Non-Vanguard Index funds in your portfolio

I can't get Vanguard funds in my non-IRA retirement accounts, but if I had a chance I would switch to Vanguard index funds with the same allocation. The only possible exception is a holding of TIAA Real Estate (almost 10% of portfolio) that I'm currently pretending is my fixed income allocation. I'l...
by 555
Sat Sep 06, 2014 2:36 pm
 
Forum: Investing - Theory, News & General
Topic: Role of Non-Vanguard Index funds in your portfolio
Replies: 15
Views: 988

Re: Trying to get my company to switch to Vanguard 401(k)

Alskar, do you have a source/link for those numbers? Also do you know if it is different for 403b's? (My employer enquired about Vanguard being a 403b provider and was told it would cost >$100 per participant.)
by 555
Sat Sep 06, 2014 1:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trying to get my company to switch to Vanguard 401(k)
Replies: 24
Views: 1955

Re: need help with basic investing math

You need to calculate the geometric return (not the arithmetic average return). So the math for your example is: (1.10)(1.10)(1.10)(1.10)(1.10)(0.5) -1 = -19.47% total return over 6 years. Not pretty, but.... Moreover, the OP got an even bigger drop than that because some of the contributions had l...
by 555
Sat Sep 06, 2014 10:51 am
 
Forum: Investing - Theory, News & General
Topic: need help with basic investing math
Replies: 18
Views: 1154

Re: What is the expected return of this portfolio over 50 yr

3.09159265358979323846264338327950288419716939937510% real return.
by 555
Sat Sep 06, 2014 10:38 am
 
Forum: Investing - Theory, News & General
Topic: What is the expected return of this portfolio over 50 yrs
Replies: 21
Views: 1168

Re: Fidelity: Successful investors forget they have an acco

Oh, and mom decided to buy some IBM in the early 90s. Dad told her not to. Mom said "it's my money," and did it anyway. She kind of forgot about it . Her stock is now worth 15x what she invested. How could you forget about it. You'd be getting dividends every year and have to report them ...
by 555
Sat Sep 06, 2014 10:34 am
 
Forum: Investing - Theory, News & General
Topic: Fidelity: Successful investors forget they have an account
Replies: 25
Views: 3715

Re: Graduating Debt-Free, or with Elite College Degree?

As a university professor, I think that the quality of your fellow students strongly determines the quality of the education you receive . I can only teach at a level my students can understand. For example, after my department raised the minimum for SAT math scores, I was able to require more chal...
by 555
Sat Sep 06, 2014 10:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Graduating Debt-Free, or with Elite College Degree?
Replies: 92
Views: 4856

Re: Proportion of Roth to Traditional contributions

kafshar1 wrote:Just curious what people personally think the right ratio of Roth to Traditional contributions should be.

There's no such thing as "the right ratio of Roth to Traditional contributions". Probably no-one is in a situation where this could be the right way to look at it.
by 555
Sat Sep 06, 2014 2:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Proportion of Roth to Traditional contributions
Replies: 16
Views: 1113

Re: Help! Need to Calculate Money Owed To Me

Minot wrote:So how did it end?
Interest keeps piling up at 8% or 9% per year.
by 555
Sat Sep 06, 2014 1:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Help! Need to Calculate Money Owed To Me
Replies: 32
Views: 2373

Re: Graduating Debt-Free, or with Elite College Degree?

State university and graduating debt free >>>>>>>>>>>>>> Elite university with a large amount of debt Elite universities have generous need-base aid. State universities don't. Elite university and graduating debt free >>>>>>>>>>>>>> State university with a large amount of debt
by 555
Fri Sep 05, 2014 2:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Graduating Debt-Free, or with Elite College Degree?
Replies: 92
Views: 4856

Re: Why is REIT only sector fund recommended in slice & dice

Out of all the sectors, REITs are the only ones sprinkled with magic pixie dust.
by 555
Wed Sep 03, 2014 3:41 pm
 
Forum: Investing - Theory, News & General
Topic: Why is REIT only sector fund recommended in slice & dice?
Replies: 113
Views: 7639

Re: Help out family without compromising my own retirement?

In any culture/society with expectations of altruism, there must be defenses gainst the unreasonable exploitation of such altruism, otherwise the culture/society would collapse under the weight of freeloaders. I strongly doubt that there is truly a cultural expectation that the OP supports his famil...
by 555
Tue Sep 02, 2014 3:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help out family without compromising my own retirement?
Replies: 72
Views: 5608

Re: Age in Stocks: Should you have a Reverse Glidepath?

Another point. You don't start adulthood choosing a glidepath(=age-based asset allocation) that you're going to stick with through thick and thin. Even assuming you are educated about all the issues, you may continually update your plans as circumstances change and new information arrives.
by 555
Mon Sep 01, 2014 3:05 pm
 
Forum: Investing - Theory, News & General
Topic: Age in Stocks: Should you have a Reverse Glidepath?
Replies: 21
Views: 1350

Re: Age in Stocks: Should you have a Reverse Glidepath?

But an investor who uses age in stock during accumulation will have a 15% larger portfolio (both on average and in the worse case scenarios...see figure one from my link). This is just the usual "more risk, more (expected) reward" situation. The ones with 15% larger portfolio have general...
by 555
Mon Sep 01, 2014 2:38 pm
 
Forum: Investing - Theory, News & General
Topic: Age in Stocks: Should you have a Reverse Glidepath?
Replies: 21
Views: 1350

Re: Age in Stocks: Should you have a Reverse Glidepath?

The reverse glidepath literature is interesting to me because it shows how little basis there is for conventional wisdom about glidepaths. Nonsense. If you include human capital in your allocation, then a constant allocation including human capital corresponds to a traditional glidepath for your as...
by 555
Mon Sep 01, 2014 12:05 pm
 
Forum: Investing - Theory, News & General
Topic: Age in Stocks: Should you have a Reverse Glidepath?
Replies: 21
Views: 1350

Re: Age in Stocks: Should you have a Reverse Glidepath?

This has been thoroughly debunked repeatedly. The reverse glidepath is a much higher stock allocation on average in the long run, so it's not surprising that average balance are higher. That's all there is to it. Also a sensible allocation in retirement depends on your balance. If you have far more ...
by 555
Mon Sep 01, 2014 11:16 am
 
Forum: Investing - Theory, News & General
Topic: Age in Stocks: Should you have a Reverse Glidepath?
Replies: 21
Views: 1350

Re: I'd buy an S&P 500 index fund in a pinch

I'm in this situation where the only decent option is a low cost S&P 500 index fund (ER 0.07%), so I have to buy it, even though I'd prefer TSM. I do not try to complete it with the ER=1.4% active smallcap fund in that account. However I do try to complete it with a low cost Russell 2000 index f...
by 555
Mon Sep 01, 2014 9:36 am
 
Forum: Investing - Theory, News & General
Topic: I'd buy an S&P 500 index fund in a pinch
Replies: 45
Views: 5667

Re: Approx'ing TISM with limited fund options.

I'd play with this: http://portfolio.morningstar.com/RtPort/Free/InstantXRayDEntry.aspx?dt=0.7055475 You can look at holdings to get a starting point: Total international is 1.08% nestle while EAFE is 1.86%, so it would seem 58% EAFE would be what you want, if that is what you want to match. Total ...
by 555
Mon Sep 01, 2014 9:27 am
 
Forum: Investing - Theory, News & General
Topic: Approx'ing TISM with limited fund options.
Replies: 9
Views: 618

Approx'ing TISM with limited fund options.

I would prefer to use a total international stock market (TISM) fund, but in one retirement account the only decent international stock fund is a BlackRock EAFE Equity Index fund (ER 0.12), and I need to use this space to get enough international stock. I can use my Vanguard IRAs to to try to fill i...
by 555
Sun Aug 31, 2014 11:38 am
 
Forum: Investing - Theory, News & General
Topic: Approx'ing TISM with limited fund options.
Replies: 9
Views: 618

Re: Help out family without compromising my own retirement?

Never give money (or anything of value) to people with money management problems.
by 555
Fri Aug 29, 2014 9:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help out family without compromising my own retirement?
Replies: 72
Views: 5608

Re: Google Voice Not Supported on OBi Devices After May 15 2

Well I messed around with a few things and got it working again, so the OBi Device and Google Voice are again working together as before. So it's not dead yet.
by 555
Fri Aug 01, 2014 5:55 pm
 
Forum: Personal Consumer Issues
Topic: Google Voice Not Supported on OBi Devices After May 15 2014
Replies: 102
Views: 10879

Re: Google Voice Not Supported on OBi Devices After May 15 2

I've continued to use the GV/OBi combination, and it's kept working until yesterday.

But today it's not working. Anyone else having a problem with either GV or OBi? (Various weird things have been happening.)
by 555
Fri Aug 01, 2014 3:25 pm
 
Forum: Personal Consumer Issues
Topic: Google Voice Not Supported on OBi Devices After May 15 2014
Replies: 102
Views: 10879

Re: The 2 comma paradox

This thread is about a paradox of thinking. Paradoxes are human and they are interesting . In fact, paradoxes are far more interesting than recitals of mantras such as "I am fine," "I am happy," "Stay the course," etc. This Forum is dedicated to discussions of investme...
by 555
Sat Jun 14, 2014 2:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: The 2 comma paradox
Replies: 155
Views: 14640

Re: If chasing market performance is bad...

555 wrote:In a typical zero sum game, most participants lose.


Okay, let's try this. If you want some return-free risk, make a fair bet on a fair coin toss and choose heads. If you want to be contrarian choose tails.

DO YOU GET IT?
by 555
Sat Jun 14, 2014 1:16 am
 
Forum: Investing - Theory, News & General
Topic: If chasing market performance is bad...
Replies: 85
Views: 4941

Re: 2nd part of int'l diversification series on ETF.com

Suppose I want to just use total funds TSM, and TISM. Suppose I work in USA and earn US$, and spend US$. I understand the idea of starting with world market weighting, and then shifting towards TSM since I use US$. But how do I quantify that shift? How do I figure a TSM:TISM weighting? Does it depe...
by 555
Fri Jun 13, 2014 11:26 pm
 
Forum: Investing - Theory, News & General
Topic: 2nd part of int'l diversification series on ETF.com
Replies: 18
Views: 1232

Re: 2nd part of int'l diversification series on ETF.com

Suppose I want to just use total funds TSM, and TISM. Suppose I work in USA and earn US$, and spend US$. I understand the idea of starting with world market weighting, and then shifting towards TSM since I use US$. But how do I quantify that shift? How do I figure a TSM:TISM weighting? Does it depe...
by 555
Fri Jun 13, 2014 10:28 pm
 
Forum: Investing - Theory, News & General
Topic: 2nd part of int'l diversification series on ETF.com
Replies: 18
Views: 1232

Re: How to pay ZERO taxes in retirement with 6-figure expens

When they do the Roth conversion in 2012 they could do it in January of 2012 so they could recharacterize it back to a IRA until their filing deadline the next year which if I remember correctly is as late as October 2013 with extensions. With different his and her accounts can they do two Roth con...
by 555
Fri Jun 13, 2014 8:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to pay ZERO taxes in retirement with 6-figure expenses
Replies: 154
Views: 43564

Re: 2nd part of int'l diversification series on ETF.com

Suppose I want to just use total funds TSM, and TISM. Suppose I work in USA and earn US$, and spend US$. I understand the idea of starting with world market weighting, and then shifting towards TSM since I use US$. But how do I quantify that shift? How do I figure a TSM:TISM weighting? Does it depen...
by 555
Fri Jun 13, 2014 6:57 pm
 
Forum: Investing - Theory, News & General
Topic: 2nd part of int'l diversification series on ETF.com
Replies: 18
Views: 1232

Re: Should risk be stated in dollars terms instead of AA %?

but the question is: If I used to have an 80/20 portfolio of $400k stocks/$100k bonds, and now I have a 50/50 portfolio that is $1,000,000 stocks/$1,000,000 bonds, is my portfolio more or risky than it used to be? Yes because the risk is in dollars - losses and gains are in dollars that you could s...
by 555
Fri Jun 13, 2014 6:15 pm
 
Forum: Investing - Theory, News & General
Topic: Should risk be stated in dollars terms instead of AA %?
Replies: 54
Views: 1418
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