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Re: If you had an extra $100,000

I would buy a ranch in Telluride and new Prevost RV.
Then I would throw a huge party for all my Boglehead friends with whatever money is leftover.
by Bustoff
Fri Aug 29, 2014 8:27 am
 
Forum: Personal Finance (Not Investing)
Topic: If you had an extra $100,000
Replies: 42
Views: 3090

Re: A Low-Return Future? Are We Prepared?

Could we be living through a major shift in the long-term valuation of global financial assets? Many respected financial commentators, from Bill Gross to Burton Malkiel to Vanguard, continue to express their belief that today's persistently-high global asset prices will assure lower future returns ...
by Bustoff
Fri Aug 29, 2014 7:45 am
 
Forum: Investing - Theory, News & General
Topic: A Low-Return Future? Are We Prepared?
Replies: 108
Views: 4841

Re: Do Bogleheads worry about institutional risk?

In Missouri, all St. Louis County government websites were taken down for an entire week by the hacker group Anonymous. These types of incidents seem to be happening more frequently and on a larger scale. I'm worried that Vanguard, being the world's largest mutual fund company, could become a target.
by Bustoff
Thu Aug 28, 2014 7:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do Bogleheads worry about institutional risk?
Replies: 31
Views: 1248

Re: The Worst Investment You Can Make: Buying a Home

billyt wrote:Sell your house. Invest the money. Use the earnings to pay for rent forever.


Average real return on a 50/50 portfolio won't pay rent. Maybe it did when bonds provided a return, but not now or anytime soon.
by Bustoff
Thu Aug 28, 2014 9:01 am
 
Forum: Investing - Theory, News & General
Topic: The Worst Investment You Can Make: Buying a Home
Replies: 135
Views: 15680

Re: The Worst Investment You Can Make: Buying a Home

If I sell my house and use the proceeds to pay for an equivalent rental, the money disappears after 11 years. Then what?
by Bustoff
Thu Aug 28, 2014 8:50 am
 
Forum: Investing - Theory, News & General
Topic: The Worst Investment You Can Make: Buying a Home
Replies: 135
Views: 15680

Re: New vehicle...GMC Acadia, Chevy Traverse, or Buick Encla

bbrock wrote:... While originally leaning towards replacing our '09 Outback & '04 CRV w/ new vehicles (or at least one new), if I go the route of the Sequoia and Prius, I'm looking at replacing them with used ...


Some basic but good advice. Also, see the article comments
How to Buy a Used Car
by Bustoff
Wed Aug 27, 2014 6:03 pm
 
Forum: Personal Consumer Issues
Topic: New vehicle...GMC Acadia, Chevy Traverse, or Buick Enclave?
Replies: 111
Views: 9349

Re: My New Car Buying Tips

So, say I want to buy a car. I e-mail several dealers and ask them right away for the best OTD price. Does one try to counter this after they give you the offer? The dealers will generally e-mail you a quote for the vehicle at very little if any discount. Most of the time they will ask you to state...
by Bustoff
Wed Aug 27, 2014 2:57 pm
 
Forum: Personal Consumer Issues
Topic: My New Car Buying Tips
Replies: 89
Views: 11911

Re: When to leave a neighborhood for greener pastures?

Tell-tale sign that a subdivision is on a downhill slide is seeing more and more vehicles parked in the driveways instead of the garage. :shock:
by Bustoff
Wed Aug 27, 2014 2:41 pm
 
Forum: Personal Consumer Issues
Topic: When to leave a neighborhood for greener pastures?
Replies: 41
Views: 4043

Re: Arches-Bryce-Zion road trip: Where to stay?

Hey all -- got sidetracked for a day -- thanks much for your suggestions.
Wish I had an RV.
by Bustoff
Wed Aug 27, 2014 2:31 pm
 
Forum: Personal Consumer Issues
Topic: Arches-Bryce-Zion road trip: Where to stay?
Replies: 16
Views: 1019

Re: Arches-Bryce-Zion road trip: Where to stay?

It's kind of a spur of the moment trip and will be our first visit to these areas. We would appreciate your recommendations for lodging. You would get better recommendations if you give more detailed information about your plans. It's really more of a driving through each park type of trip. Our imp...
by Bustoff
Tue Aug 26, 2014 11:53 am
 
Forum: Personal Consumer Issues
Topic: Arches-Bryce-Zion road trip: Where to stay?
Replies: 16
Views: 1019

Arches-Bryce-Zion road trip: Where to stay?

My wife and I are heading out on on a road trip to see Canyonlands and Arches and then move on to Bryce and Zion.

It's kind of a spur of the moment trip and will be our first visit to these areas.

We would appreciate your recommendations for lodging.
by Bustoff
Tue Aug 26, 2014 8:30 am
 
Forum: Personal Consumer Issues
Topic: Arches-Bryce-Zion road trip: Where to stay?
Replies: 16
Views: 1019

Re: I need "Ultra High Net Worth" investing advice please

Hello, I have approximately $50 million in cash from the recent sale of my business. Trying to figure out what to do with this cash is extremely stressful and dizzying. I do not like the stress of making investment decisions... Thanks! Ken Ken - here is some homework for you. Working through this h...
by Bustoff
Mon Aug 25, 2014 8:23 am
 
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 215
Views: 15233

Re: Transfer on Death (TOD) for Vanguard taxable accounts

Our accounts are joint ownership, but we were able to get the POD on the joint accounts before Vanguard discontinued doing it on joint accounts, so we're grandfathered. Just curious, what are the advantages of a POD on joint accounts? Wouldn't a joint account automatically go to the surviving accou...
by Bustoff
Mon Aug 25, 2014 7:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Transfer on Death (TOD) for Vanguard taxable accounts
Replies: 20
Views: 1807

Re: POLL: Age for Collecting Social Security Benefits

Jeez, I try to give a lighthearted nod to Dirty Harry and I get shot down.
by Bustoff
Fri Aug 22, 2014 2:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Age for Collecting Social Security Benefits
Replies: 103
Views: 7340

Re: 60 years old and lump sum investment

If it's not eligible for a tax-deferred option, and you prefer safety, then I would open six 5-year CD's. $10,000 each.
by Bustoff
Fri Aug 22, 2014 1:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: 60 years old and lump sum investment
Replies: 6
Views: 750

Re: POLL: Age for Collecting Social Security Benefits

"Planning" to collect at age 70 is far different than actually having done so. When 62 rolls around and you take notice that many folks don't make it to 70, or are diagnosed with a life changing health issue, then you've got to ask yourself one question: "Do I feel lucky?" Well, ...
by Bustoff
Fri Aug 22, 2014 1:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Age for Collecting Social Security Benefits
Replies: 103
Views: 7340

Re: Retirement luxury vehicle

I recently bought a CPO 2011 Lexus RX350. ... the initial asking prices were exaggerated. Negotiating quickly knocked off 15% from the asking prices which were already lower than new. Thus I think 30% off of new for a 3-year-old CPO RX350 is easily possible, but at first glance it doesn't look poss...
by Bustoff
Wed Aug 20, 2014 5:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement luxury vehicle
Replies: 62
Views: 4478

Re: When did you downsize?

Sheepdog wrote:I never upsized....didn't need to. It was not that I didn't want to..just that I didn't need to.

+1
The older we get, the more we want to minimize and reduce clutter.
by Bustoff
Sun Aug 17, 2014 9:09 am
 
Forum: Personal Consumer Issues
Topic: When did you downsize?
Replies: 35
Views: 3259

Re: Moving after retirement.

For reasons too numerous to expound upon, my advice is to RENT first.

You can rent a condo for a couple of months in Florida, or wherever your snowbird wings desire to fly much cheaper than owning. Renting also gives you the option to try different places for a few years and see what appeals to you.
by Bustoff
Sun Aug 17, 2014 8:59 am
 
Forum: Personal Consumer Issues
Topic: Moving after retirement.
Replies: 43
Views: 3725

Re: Vanguard Lost My Account

Has anybody called Vanguard and asked them to disclose their protocol for compromised accounts, and/or, if that protocol is consistent with OP's experience ?
by Bustoff
Sun Aug 17, 2014 8:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Lost My Account
Replies: 91
Views: 10391

Re: Retirement luxury vehicle

Something big.
I see lots of elderly folks driving the Mercury Grand Marquis.
by Bustoff
Sun Aug 17, 2014 8:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Retirement luxury vehicle
Replies: 62
Views: 4478

Re: Vanguard Lost My Account

Thank you for sharing your experience.

I'm logging into Vanguard right now and switching my mailing preferences back to U.S. Mail.
by Bustoff
Sat Aug 16, 2014 11:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Lost My Account
Replies: 91
Views: 10391

Re: Market valuation analysis

Read "Margin of Safety" by Seth Klarman.
by Bustoff
Sat Aug 16, 2014 7:00 am
 
Forum: Investing - Theory, News & General
Topic: Market valuation analysis
Replies: 36
Views: 1703

Re: Selling House - Do We Need a Listing Broker?

We did fine without an agent. A lot depends on your circumstances.
Our biggest advantage is that we were in no rush. That put us in a position to dismiss cheesy buyers agents. We also had good visibility as there were always other homes for sale in our subdivision that brought in potential buyers.
by Bustoff
Mon Jul 28, 2014 9:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Selling House - Do We Need a Listing Broker?
Replies: 61
Views: 2786

Re: Should market valuations be completely disregarded?

As the market advances, he will from time to time makes sales out of his stock holdings, putting the proceeds into bonds; as it declines he will reverse the procedure. These activities will provide some outlet for his otherwise too-pent-up energies. If he is the right kind of investor he will take ...
by Bustoff
Sun Jul 27, 2014 12:41 pm
 
Forum: Investing - Theory, News & General
Topic: Should market valuations be completely disregarded?
Replies: 50
Views: 3943

Re: Bond funds- your percentage of intermediate vs. short-te

Sometimes I question why I invest in the Vanguard Total Bond Fund with an SEC yield of 1.98% on average maturity of close to 8 years when you can get at least 2.25% on a 5-year CD and eliminate the risk.
by Bustoff
Tue Jul 22, 2014 9:17 am
 
Forum: Investing - Help with Personal Investments
Topic: Bond funds- your percentage of intermediate vs. short-term?
Replies: 12
Views: 1178

Re: Can it be wrong to be too risk averse?

My brother ... is very risk averse and invests only in very high rated bonds (mostly muni bonds). He knows he is leaving profits on the table, and he knows these investment choices offer higher than 0% risk. He has a good job, quite secure, and he is a decently frugal person. He points out that a l...
by Bustoff
Tue Jul 22, 2014 8:05 am
 
Forum: Investing - Theory, News & General
Topic: Can it be wrong to be too risk averse?
Replies: 49
Views: 2431

Bond funds- your percentage of intermediate vs. short-term?

Hello, Are there any recommendations for the percentage of intermediate-term-bond funds vs short-term-bond funds? For instance, if one is 30/70 stock/bond, is there any guidance as to the percentage that should be in intermediate-term-bond funds vs short-term-bond funds? I'm curious because it appea...
by Bustoff
Mon Jul 21, 2014 7:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bond funds- your percentage of intermediate vs. short-term?
Replies: 12
Views: 1178

Re: How many Bogleheads golf?

Been playing golf for years. It's a great way to spend a few hours outdoors.
by Bustoff
Mon Jul 14, 2014 9:33 am
 
Forum: Personal Consumer Issues
Topic: How many Bogleheads golf?
Replies: 81
Views: 4443

Do TIPS protect against increases in Food and Energy.

Does a Liability Matching Portfolio consisting of TIPS protect against inflation from food and energy? I ask because I'm under the impression that "food and energy" are not taken into account when the government calculates inflation. As most of my basic expenses consist of food and energy,...
by Bustoff
Sat Jul 12, 2014 10:31 am
 
Forum: Investing - Theory, News & General
Topic: Do TIPS protect against increases in Food and Energy.
Replies: 6
Views: 1162

Re: Retired Bogleheads want to relocate to California

Really enjoying all the viewpoints, especially the interesting suggestions for various locations and towns in CA, many of which sound pretty cool. I like the suggestions to rent as it offers a lot of flexibility. For the time being, maybe starting with some short term rentals would give us a chance ...
by Bustoff
Mon Jun 30, 2014 9:56 am
 
Forum: Personal Consumer Issues
Topic: Retired Bogleheads want to relocate to California
Replies: 109
Views: 6992

Re: Best Road Trip Vehicle

Rental is the way to go. Get a couple of trips under your belt and you will be in much better shape to decide. You soon will be the expert answering questions like this. Kind of expensive. This is Alamo's rate for a small SUV --Toyota RAV4 or similar. After a couple of trips at those rates I will n...
by Bustoff
Fri Jun 27, 2014 12:20 pm
 
Forum: Personal Consumer Issues
Topic: Best Road Trip Vehicle
Replies: 35
Views: 2794

Re: Best Road Trip Vehicle

But you don't want something so huge that it's difficult to drive. It's not a matter of "camping"; it's a matter of having the freedom to stay near somewhere interesting when it's late, you're tired, and there's no other lodging available. It would be really nice to have the ability to bo...
by Bustoff
Fri Jun 27, 2014 6:54 am
 
Forum: Personal Consumer Issues
Topic: Best Road Trip Vehicle
Replies: 35
Views: 2794

Re: Best Road Trip Vehicle

We are trying to decide between a Van or an SUV for these trips. Not planning on doing any camping, at least no tent camping. Maybe a night or two in a cabin, but I'm not planning on roughing it. If I have to sleep outside, I need a fire and a bottle of B&B.
by Bustoff
Thu Jun 26, 2014 2:49 am
 
Forum: Personal Consumer Issues
Topic: Best Road Trip Vehicle
Replies: 35
Views: 2794

Best Road Trip Vehicle

What is the best vehicle, for extended road trips to National Parks out west. Retired, no kids.
Would it be better to buy new or used ?
by Bustoff
Thu Jun 26, 2014 1:58 am
 
Forum: Personal Consumer Issues
Topic: Best Road Trip Vehicle
Replies: 35
Views: 2794

Sharpe Ratios for Vanguard Bond Funds.

Below are 3-Year Trailing Sharpe Ratio's for some Vanguard Bond Funds contrasting ratio's from last year and this year. All the ratio's deceased substantially from Jan. 2013. Anyone know why this is? Anyone? Bueller? 1/31/13 5/31/14 3-Year Trailing Sharpe Ratio Sharpe Ratio VBMFX- Total Bond Fund 1....
by Bustoff
Wed Jun 25, 2014 10:31 am
 
Forum: Investing - Theory, News & General
Topic: Sharpe Ratios for Vanguard Bond Funds.
Replies: 1
Views: 367

Re: Liability Matching Portfolio? Really?

As I understand this you have the LMP and RP. Lets say you have basic expenses that that run at 40K per year. Thus, a sixty-year-old would need a 30 year LMP that amount to 1.2M allocated to SPIA's or TIPS simply for the LMP side. Is that the basic idea? Bustoff: That is how I implemented the Berns...
by Bustoff
Tue Jun 24, 2014 2:25 pm
 
Forum: Investing - Theory, News & General
Topic: Liability Matching Portfolio? Really?
Replies: 71
Views: 7068

Re: "William Sharpe: An unsung hero of passive investing"

Thanks for posting Taylor.

Speaking of Sharpe, is there anyplace that lists Sharpe ratios for Vanguard Bond funds?
by Bustoff
Tue Jun 24, 2014 1:48 pm
 
Forum: Investing - Theory, News & General
Topic: "William Sharpe: An unsung hero of passive investing"
Replies: 9
Views: 1114

Re: Liability Matching Portfolio? Really?

As I understand this you have the LMP and RP.
Lets say you have basic expenses that that run at 40K per year. Thus, a sixty-year-old would need a 30 year LMP that amounts to 1.2M allocated to SPIA's or TIPS simply for the LMP side.
Is that the basic idea?
by Bustoff
Tue Jun 24, 2014 10:09 am
 
Forum: Investing - Theory, News & General
Topic: Liability Matching Portfolio? Really?
Replies: 71
Views: 7068

Re: Investment Withdrawals - Behavioral Aspect

This is a general question, I'm still in the accumulation stage, but does anyone get a queasy feeling when making withdrawals from their investment accounts (retirement, taxable, etc.)? I mean, after x years of working,saving and budgeting and more working, saving and budgeting how does one go from...
by Bustoff
Tue Jun 24, 2014 9:36 am
 
Forum: Investing - Theory, News & General
Topic: Investment Withdrawals - Behavioral Aspect
Replies: 14
Views: 974

Re: Wind blew off shingles, now roof is leaking!

I'd say you're out of luck. The insurance company held up their end of the deal by cutting you a check. You didn't get the work done. Kosmo - What's the time limit ? If there is a time limit it was not disclosed to me. I'm not denying my difficulty finding a trusted contractor contributed to the pr...
by Bustoff
Sun Jun 22, 2014 2:43 pm
 
Forum: Personal Consumer Issues
Topic: Wind blew off shingles, now roof is leaking!
Replies: 27
Views: 1473

Re: Wind blew off shingles, now roof is leaking!

I guess this is my punishment for being too cautious. Our last roofer did a lousy job and we have had problems as a result. I have very little trust with home improvement contractors.
by Bustoff
Sun Jun 22, 2014 1:44 pm
 
Forum: Personal Consumer Issues
Topic: Wind blew off shingles, now roof is leaking!
Replies: 27
Views: 1473

Re: Wind blew off shingles, now roof is leaking!

So your roof has gone unrepaired for approximately 4 months so far and the only thing protecting it is a temporary tarp which hasn't been touched or adjusted since it was put in place? Yes. And my concern is the insurance company will say it's my fault for not getting the roof repaired in a timely ...
by Bustoff
Sun Jun 22, 2014 1:27 pm
 
Forum: Personal Consumer Issues
Topic: Wind blew off shingles, now roof is leaking!
Replies: 27
Views: 1473

Re: Wind blew off shingles, now roof is leaking!

Did you have the roof repaired in a timely manner back in March? No, but for a good reason. We had some trouble getting some contractors to give us a bids. Some said they did not want to get involved with competitive bidding. My understanding was they would only do the work if we submitted our clai...
by Bustoff
Sun Jun 22, 2014 1:17 pm
 
Forum: Personal Consumer Issues
Topic: Wind blew off shingles, now roof is leaking!
Replies: 27
Views: 1473

Wind blew off shingles, now roof is leaking!

At the end of February a wind storm blew some shingles off our roof. The insurance company sent a restoration company out to tarp that section of the roof. The area consisted of about six sq. ft. and was located just above two skylights. The insurance company then sent an adjuster who issued a check...
by Bustoff
Sun Jun 22, 2014 1:08 pm
 
Forum: Personal Consumer Issues
Topic: Wind blew off shingles, now roof is leaking!
Replies: 27
Views: 1473

Re: Retired Bogleheads want to relocate to California

I checked out housing prices in Riverside county after a friend of mine moved to CA. He came into to some money and initially bought a $400K home near Palm Springs. A few years later, he opted to downsize and moved into a much smaller place in Morongo Valley, which cost under $100K. It's only about...
by Bustoff
Sun Jun 22, 2014 12:37 pm
 
Forum: Personal Consumer Issues
Topic: Retired Bogleheads want to relocate to California
Replies: 109
Views: 6992

Re: Retired Bogleheads want to relocate to California

Another possibility: Kernville (adjacent to the Sequoia National Forest about 1 hour from Bakersfield which has air connections to large west coast hubs like Houston, Denver, and Phoenix) You will definitely find comfortable houses in the $250-300K range here -- and much less if you want a more rus...
by Bustoff
Sun Jun 22, 2014 12:21 pm
 
Forum: Personal Consumer Issues
Topic: Retired Bogleheads want to relocate to California
Replies: 109
Views: 6992

Re: Retired Bogleheads want to relocate to California

Really appreciate the thoughts and suggestions. We are trying to think a little more outside the box by considering neighboring states. You can get similar climate and resources elsewhere and live a far better lifestyle , IMO, and have plenty of extra cash around to visit whenever you want. Details ...
by Bustoff
Sun Jun 22, 2014 12:15 pm
 
Forum: Personal Consumer Issues
Topic: Retired Bogleheads want to relocate to California
Replies: 109
Views: 6992

Re: Retired Bogleheads want to relocate to California

$750,000 Condos !!! I would never be able come here and agonize about investing because there would be nothing left to invest...it would all be in the condo :shock: For years we worked and saved with the hope of retiring in California. I am not trying to pick on you, but I am having trouble reconci...
by Bustoff
Sun Jun 22, 2014 12:03 pm
 
Forum: Personal Consumer Issues
Topic: Retired Bogleheads want to relocate to California
Replies: 109
Views: 6992
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