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Re: The boglehead way to buy furniture

Thanks for the tips folks. The consensus seems to be to slowly collect quality pieces rather than try to buy it all at once. Also, we have young toddlers in the house, so that's another decision point in terms of when to buy stuff that they will potentially ruin.
by Chan_va
Tue Sep 16, 2014 11:22 am
 
Forum: Personal Consumer Issues
Topic: The boglehead way to buy furniture
Replies: 29
Views: 1999

The boglehead way to buy furniture

I am ashamed to admit it, but my wife and I are in our late 30's, and our house looks like it was furnished by a color blind grad student crunched for time. Mismatched furniture, old ratty couches, worn down rugs. It's got to the point where I am slightly ashamed to invite people over. I want to upg...
by Chan_va
Tue Sep 16, 2014 9:49 am
 
Forum: Personal Consumer Issues
Topic: The boglehead way to buy furniture
Replies: 29
Views: 1999

Re: Hamilton watches, worth the money?

OP, based on your requirements, I wouldn't recommend an automatic watch. Spend the money instead on a high quality quartz dress watch. Seiko makes some really nice looking dress watches. Also look at Skagen. I am not set on automatic. Does Seiko make watches in Japan still? Skagen I am not familiar...
by Chan_va
Mon Sep 15, 2014 4:27 pm
 
Forum: Personal Consumer Issues
Topic: Hamilton watches, worth the money?
Replies: 192
Views: 5243

Re: Hamilton watches, worth the money?

OP, based on your requirements, I wouldn't recommend an automatic watch. Spend the money instead on a high quality quartz dress watch.

Seiko makes some really nice looking dress watches. Also look at Skagen.
by Chan_va
Mon Sep 15, 2014 3:55 pm
 
Forum: Personal Consumer Issues
Topic: Hamilton watches, worth the money?
Replies: 192
Views: 5243

Re: Hamilton watches, worth the money?

those who don't care about watches wont care, and those who do, wont be impressed. Good point... Seems to be a good case to skip a watch entirely. Besides, who cares if the people who care about watches are impressed or not? I don't know about that. If all I knew about someone was that they wore a ...
by Chan_va
Mon Sep 15, 2014 1:53 pm
 
Forum: Personal Consumer Issues
Topic: Hamilton watches, worth the money?
Replies: 192
Views: 5243

Re: Randomly-weighted stock portfolios beat the index

The other interesting note in this paper to show that the value weighted portfolio is nowhere close to "optimal". Now of course, the truly global optimal portfolio is only known in retrospect, and is probably something like 100% Apple stock for the time period in question. But I would have...
by Chan_va
Mon Sep 15, 2014 1:38 pm
 
Forum: Investing - Theory, News & General
Topic: Randomly-weighted stock portfolios beat the index
Replies: 28
Views: 1768

Re: Should I step in to help my in law pay off credit card d

You will need a lot more info on your MIL's income and assets to accurately answer this question. In most cases, SS is protected from garnishment by creditors. It sounds like your MIL spent the money on a worthy cause, and is otherwise not extravagant. If that's true, I would be inclined to be chari...
by Chan_va
Mon Sep 15, 2014 12:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I step in to help my in law pay off credit card debt
Replies: 25
Views: 1946

Re: Randomly-weighted stock portfolios beat the index

Tantalizing abstract. Read it through very quickly. My first thought is that this is simply a rehash of the finding that equal weights beats market-cap weights, because equal weights is a form of small-cap tilt. He has a slight twist by, instead of assigning literally equal weights, he assigns weig...
by Chan_va
Mon Sep 15, 2014 10:45 am
 
Forum: Investing - Theory, News & General
Topic: Randomly-weighted stock portfolios beat the index
Replies: 28
Views: 1768

Re: Buying Annuity at Young Age for Retirement?

The best way to do this is through i-bonds. Buy 10K of iBonds every year, and 30 years from now, you have essentially bought yourself a low risk 10k/year inflation indexed income stream.
by Chan_va
Mon Sep 15, 2014 10:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Buying Annuity at Young Age for Retirement?
Replies: 6
Views: 624

Re: Hamilton watches, worth the money?

Hamilton is the equivalent of an off the rack Macy's suit in the ranking of fine mechanical watches. If you need something that would match a Zenga suit, you will need to spend 7-10k at least. Nothing bad about a Hamilton, but those who don't care about watches wont care, and those who do, wont be i...
by Chan_va
Mon Sep 15, 2014 9:53 am
 
Forum: Personal Consumer Issues
Topic: Hamilton watches, worth the money?
Replies: 192
Views: 5243

Re: Clean, quiet, safe and cheap. Is there such a travel pla

From what I read, a high percentage of the food product (again both manufactured and agricultured) in China are either tainted or composites of ingredients you've never heard of. The most recent case I heard is the sewage being harvested, filtered, and re-sold back to the market as cooking oil. Not...
by Chan_va
Fri Sep 12, 2014 12:51 pm
 
Forum: Personal Consumer Issues
Topic: Clean, quiet, safe and cheap. Is there such a travel place?
Replies: 75
Views: 5403

Re: Clean, quiet, safe and cheap. Is there such a travel pla

Nepal in the mountains. If you are in reasonable shape, I cant think of a better way to spend a few months than to hike from village to village in the Himalayas. It is beyond beautiful, it is mystical.
by Chan_va
Fri Sep 12, 2014 10:56 am
 
Forum: Personal Consumer Issues
Topic: Clean, quiet, safe and cheap. Is there such a travel place?
Replies: 75
Views: 5403

Re: Take money from investments to get better rate on refi?

Seems to make sense. Couple of thoughts - Is the 30k going to come out of your bond allocation? Or will you re balance back to your original allocation? - Will you reinvest the $2400 that you will now save? - Your $2400 savings are not inflation indexed. So, your 8% return will gradually erode over ...
by Chan_va
Wed Sep 10, 2014 11:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Take money from investments to get better rate on refi?
Replies: 14
Views: 620

Re: What are the benefits of a good credit score?

Employers often perform a credit check as part of their verification. A bad score would disqualify you from many positions that involve dealing with money.
by Chan_va
Wed Sep 10, 2014 11:09 am
 
Forum: Personal Finance (Not Investing)
Topic: What are the benefits of a good credit score?
Replies: 16
Views: 1224

Re: Hiring your kids

Anyone ever do this? I am not sure about the laws on hiring them and also paying them way above what the work they are doing is worth. I don't know if the IRS scrutinizes this type of thing as in a way it is pushing income away from myself which is taxed at a higher rate and giving it to a child wh...
by Chan_va
Wed Sep 10, 2014 10:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Hiring your kids
Replies: 34
Views: 2075

Re: Repair/maintain the BMW or get a new car?

I have owned used BMW's for the past 15 years. BMW's are as reliable as other cars if maintained properly. 1. Expect to spend about 1-1.5K / yr on maintenance costs. 2. Don't skimp on routine maintenance 3. Find a good independent mechanic who know's BMW's and has the latest diagnostic computers. A ...
by Chan_va
Wed Sep 10, 2014 10:35 am
 
Forum: Personal Consumer Issues
Topic: Repair/maintain the BMW or get a new car?
Replies: 24
Views: 1921

Re: Besides pay and mobility, great job: What to do?

Couple of things to consider. 1. It's true that the grass always looks greener on the other side, but till you have gone over to the other side, you don't really know. 2. How would you feel if the he/she roles were reversed? Make sure that gender is not sub consciously playing a role in both your de...
by Chan_va
Wed Sep 10, 2014 10:18 am
 
Forum: Personal Consumer Issues
Topic: Besides pay and mobility, great job: What to do?
Replies: 11
Views: 1126

Re: invest in this 401K or not

What are the investment options inside this 401k, and what is your tax bracket? The tax sheltering alone may be worth it if you have decent investment options. Let's say you are in currently in the 33% marginal bracket, and you will withdraw in the 25% bracket. If you contribute 17.5k a year, you ar...
by Chan_va
Wed Sep 10, 2014 10:09 am
 
Forum: Investing - Help with Personal Investments
Topic: invest in this 401K or not
Replies: 22
Views: 926

Re: V6 or V8 engine for new Chrysler 300

I test drove a Chrysler 300 and liked the feel. I have been driving Crown Vics for years. They don't make Crown Vics anymore and I guess the Chrysler had a similar feel and that is why I liked it. I am tall and have long legs and want a car with lots of driver leg room. The Chrysler 300 had that, a...
by Chan_va
Mon Sep 08, 2014 5:01 pm
 
Forum: Personal Consumer Issues
Topic: V6 or V8 engine for new Chrysler 300
Replies: 25
Views: 1640

Re: How many books at one time?

I typically have 3 subject areas that I am interested in at any given time, with 1 book per subject area.
by Chan_va
Mon Sep 08, 2014 1:28 pm
 
Forum: Personal Consumer Issues
Topic: How many books at one time?
Replies: 16
Views: 646

Re: V6 or V8 engine for new Chrysler 300

Of all the components in a modern car, the engine will typically outlast everything else unless you do something really stupid.

The Chrysler 300 is an "interesting" choice, as others have mentioned, but if you do decide to go that route, the V6 fits based on your not needing more power.
by Chan_va
Mon Sep 08, 2014 1:17 pm
 
Forum: Personal Consumer Issues
Topic: V6 or V8 engine for new Chrysler 300
Replies: 25
Views: 1640

Re: Why does the stock market "always go up"? Will this pers

I feel like I lack some understanding in this realm, so I want to play a bit of devil's advocate. I understand that the stock market has historically provided good returns, but I don't understand why we assume it will always be this way. Basic Questions: ⋅  Why does the market "alway...
by Chan_va
Mon Sep 08, 2014 11:58 am
 
Forum: Investing - Theory, News & General
Topic: Why does the stock market "always go up"? Will this persist?
Replies: 42
Views: 3813

Re: What pct of stocks is needed to offer decent inflation p

OP, Good question. Lets define "Real real" return = nominal return - inflation - all taxes - expenses. Lets further assume that we are talking about a 100% taxable portfolio. Your question can be rephrased as "What asset allocation will (or has historically) return a 0% real real retu...
by Chan_va
Mon Sep 08, 2014 10:15 am
 
Forum: Investing - Theory, News & General
Topic: What pct of stocks is needed to offer decent inflation prote
Replies: 32
Views: 1998

Re: Advice on new home

One option to explore is to sell your current house with a "rent back" clause from the buyer for the duration of the renovation. If your housing market is hot, you may be able to find an investor who is ok with that.
by Chan_va
Thu Aug 28, 2014 4:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice on new home
Replies: 6
Views: 881

Re: My husband's " WILL", $ left for me to live on....

Living on around $60k life style, one vacation a year (around $5000 budget). Myself and my child and his youngest son is signed up and accepted in Obama care. I paid for my own car before the marriage, so there is no monthly payment. He is driving American used SUV. His property income is around $6...
by Chan_va
Thu Aug 28, 2014 4:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 17325

Re: BMW X3 vs Mercedes GLK350

Not really the question you asked, but why a sporty SUV? It's a contradiction in terms. SUV's in that class are basically cars jacked up and bulked up. You lose all semblance of sportiness, and gain none of the characteristics of a true SUV.

Look at sedans, AWD if you need it.
by Chan_va
Thu Aug 28, 2014 4:17 pm
 
Forum: Personal Consumer Issues
Topic: BMW X3 vs Mercedes GLK350
Replies: 33
Views: 2550

Re: My husband's " WILL", $ left for me to live on....

It's possible that his net worth is not what you think it is. Maybe he mortgaged the rentals and speculated it away, or fell for a scam.

If he really is worth 7m, see an attorney.
by Chan_va
Thu Aug 28, 2014 3:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 17325

Re: Want to upgrade/ trade car - tips and tricks and help

Mike, Your right brain is trying to over rule your left brain on this. 1. "The car is depreciating everyday anyway" - True, but the biggest depreciation is in the first few years. You have taken the big depreciation hit on the CTS already. From this point on, it will be slower. Both in abs...
by Chan_va
Wed Aug 27, 2014 11:24 am
 
Forum: Personal Consumer Issues
Topic: Want to upgrade/ trade car - tips and tricks and help
Replies: 3
Views: 288

Re: I/EE Bonds as tax advantaged space expansion

One thing to keep in mind is that I-bonds and EE bonds will stop paying interest after 30 years. If you are 24 now, that means that you will have to pay taxes on them when you are 54. Which is probably going to be your peak earning period when your tax bracket is the highest.
by Chan_va
Tue Aug 26, 2014 3:01 pm
 
Forum: Investing - Theory, News & General
Topic: I/EE Bonds as tax advantaged space expansion
Replies: 10
Views: 822

Re: Telling my friends I paid off my houses was a mistake.

If all they do is mention casually every few months or so that you should buy a boat - I don't see what the problem is. They have their point of view, and you have yours. Time will tell whose is right. No reason to get worked up about it.
by Chan_va
Mon Aug 25, 2014 1:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Telling my friends I paid off my house was a mistake.
Replies: 73
Views: 10309

Re: Changing AA from 90/10 to 80/20

Why did you choose 90-10 a year ago, and what has changed in the past year to cause you to move to 80-20?

No right or wrong answer here, just make sure you are making the change for the right reasons.
by Chan_va
Mon Aug 25, 2014 12:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Changing AA from 90/10 to 80/20
Replies: 6
Views: 985

Re: Is the Aggregate Index Too Heavy in Treasuries?

...Now it's another matter that TBM does not come close to representing the whole fixed income market... I believe it comes reasonably close to representing the whole investment grade fixed income market, which is what it bills itself as doing: This fund is designed to provide broad exposure to U.S...
by Chan_va
Fri Aug 22, 2014 8:58 pm
 
Forum: Investing - Theory, News & General
Topic: Is the Aggregate Index Too Heavy in Treasuries?
Replies: 63
Views: 3243

Re: Is the Aggregate Index Too Heavy in Treasuries?

Anyway IMO TBM funds are a dog's breakfast for which I don't understand the appeal, once and if one accepts that 'own the whole market' has less significance in fixed income than equity. Interesting. Why do you believe that owning the market is less important in fixed income? The market decides the...
by Chan_va
Fri Aug 22, 2014 8:39 pm
 
Forum: Investing - Theory, News & General
Topic: Is the Aggregate Index Too Heavy in Treasuries?
Replies: 63
Views: 3243

Re: Is the Aggregate Index Too Heavy in Treasuries?

Johno wrote:
Anyway IMO TBM funds are a dog's breakfast for which I don't understand the appeal, once and if one accepts that 'own the whole market' has less significance in fixed income than equity.


Interesting. Why do you believe that owning the market is less important in fixed income?
by Chan_va
Fri Aug 22, 2014 8:17 pm
 
Forum: Investing - Theory, News & General
Topic: Is the Aggregate Index Too Heavy in Treasuries?
Replies: 63
Views: 3243

Re: A tax-deferred space dilemma

All other things being equal, there are only 2 numbers that matter - your current tax bracket and the tax bracket at withdrawal. Here is how I might go about it 1. Determine how you want to balance current vs. future enjoyment. I personally might take 25% of the bonus (post tax) now and enjoy a nice...
by Chan_va
Fri Aug 22, 2014 3:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: A tax-deferred space dilemma
Replies: 5
Views: 592

Re: Is the Aggregate Index Too Heavy in Treasuries?

Here is a chart that shows you the effect of convexity. Start with the same duration for treasuries and GNMA's, but as interest rates change, notice how much more volatile the GNMA duration is due to negative convexity. However, I don't believe that this is a reason to avoid agency or callable bonds...
by Chan_va
Fri Aug 22, 2014 1:20 pm
 
Forum: Investing - Theory, News & General
Topic: Is the Aggregate Index Too Heavy in Treasuries?
Replies: 63
Views: 3243

Re: HELOC + Margin = $200k to play with

Shoeshine boy indicator is flashing red.
by Chan_va
Fri Aug 22, 2014 10:52 am
 
Forum: Investing - Help with Personal Investments
Topic: HELOC + Margin = $200k to play with
Replies: 24
Views: 1775

Re: Vanguard Lost My Account

This is scary stuff. I have long considered not putting all my eggs in one basket, but I think I need to make the move now. Does Fidelity have the same voyager, flagship type account structure I recently endured an experience very similar to that of the OP. I received the same (or at least a very si...
by Chan_va
Wed Aug 20, 2014 3:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Lost My Account
Replies: 91
Views: 10461

Re: Do interest rates really matter when buying a home?

Yes and No. Things to consider - The nominal interest rate is not as important as the real interest rate. - Prices are not exactly correlated to real interest rates. There is some correlation , but it may take a while to show up, or in some areas never at all - - Somewhere around 40% of homes are bo...
by Chan_va
Wed Aug 20, 2014 11:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Do interest rates really matter when buying a home?
Replies: 8
Views: 830

Re: Best strategy with 401K

Since you have a 401k, your traditional Ira is tax deductible only if your income is below a threshold. I believe it's around 58k for a single filer. If you fall under that, then yes you can do what you are proposing. How high are your Er's in your 401k? If the difference between that and vanguard i...
by Chan_va
Wed Aug 20, 2014 12:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Best strategy with 401K
Replies: 7
Views: 608

Re: How the rich stay/get richer??

OP is getting to the fundamental puzzle of macro economics. Why is there an equity risk premium at all?
by Chan_va
Tue Aug 19, 2014 11:15 pm
 
Forum: Investing - Theory, News & General
Topic: [live off dividends?] How the rich stay/get richer??
Replies: 62
Views: 4981

Re: Bond Allocation - 27 y/o

This has to be a new record. 0.75% allocation to an asset class.

Anything below a 5% allocation is going to be completely insignificant In terms of portfolio returns or volatility. Given your 90-10 split, just go with total bond and forget about it.
by Chan_va
Tue Aug 19, 2014 11:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bond Allocation - 27 y/o
Replies: 4
Views: 375

Re: Wash D.C. speed camera - how accurate?

I believe that a traffic camera ticket does not count as a "moving violation" and hence does not impact your insurance. Dont think its worth your time to fight it
by Chan_va
Tue Aug 19, 2014 1:38 pm
 
Forum: Personal Consumer Issues
Topic: Wash D.C. speed camera - how accurate?
Replies: 40
Views: 2434

Re: What Book Are You Currently Reading? Part V

Been on a bit of an exploration book kick lately.

Read "Travels in the interior districts of Africa" by Mungo Park. Free on the kindle. Great read as an adventure, but also as a look into the heart of the slave trade.
by Chan_va
Mon Aug 18, 2014 12:33 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 3340
Views: 1145412

Re: Going 60+% international? (US resident)

Search over balancing on the forum. I have tried this in the past and here is the problem. Its relatively easy to say you should be overweight international now, but the issue is, when do you correct back to market weight? I have been able to somewhat time the buy low, but have never timed the sell ...
by Chan_va
Sat Aug 09, 2014 3:01 am
 
Forum: Investing - Theory, News & General
Topic: Going 60+% international? (US resident)
Replies: 83
Views: 6014

Re: Tell Vanguard they need 2 factor authentication

I'm still waiting for some sort of reason besides "it's what everyone else is doing". I would gladly change my mind if I can be shown evidence that Vanguard is experiencing large losses due to fraud because they don't have 2fa. Or if there was strong evidence that A LOT of people want thi...
by Chan_va
Sat Aug 09, 2014 2:43 am
 
Forum: Personal Consumer Issues
Topic: Tell Vanguard they need 2 factor authentication
Replies: 52
Views: 2427

Re: Tell Vanguard they need 2 factor authentication

My parents live in a developing (3rd world) country. Their state owned bank, which 10 years ago, barely had a computer in the branches, now has 2 factor authentication. Vanguard is way behind the times and is seriously exposed. Arguing against 2fa is like arguing against vaccines because it costs mo...
by Chan_va
Sat Aug 09, 2014 2:12 am
 
Forum: Personal Consumer Issues
Topic: Tell Vanguard they need 2 factor authentication
Replies: 52
Views: 2427

Re: Historical question about recessions

For a wider historical perspective, this is a classic - Manias, Panics and Crashes. These have been with us for almost as long as history itself. http://www.amazon.com/Manias-Panics-Crashes-Financial-Investment/dp/0471389455 What I will also caution you is against trying to analyze how Action A led ...
by Chan_va
Fri Aug 08, 2014 12:30 pm
 
Forum: Investing - Theory, News & General
Topic: Historical question about recessions
Replies: 19
Views: 1112

Re: High Yield Bonds - Uncorrelated to Stocks and Bonds?

I don't agree. It's true that HY bonds have a low correlation with stocks, but TBM actually has negative correlations - which is what you want. Especially when stocks zag, HY bonds zag too, only a tad less maybe. Its sort of like going to an ice cream shop, and getting chocolate, vanilla, and chocol...
by Chan_va
Thu Aug 07, 2014 11:35 am
 
Forum: Investing - Theory, News & General
Topic: High Yield Bonds - Uncorrelated to Stocks and Bonds?
Replies: 73
Views: 4918

Re: New to taxable accounts

I would still highly recommend treating all your accounts as one bucket. But if you insist on a 60:40 AA in taxable with 100k, here is one simple option Total Stock Market - 40k Total International Stock Market - 20k Intermediate term tax exempt - 40k The ohio tax exempt fund has a higher duration t...
by Chan_va
Tue Aug 05, 2014 3:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: New to taxable accounts
Replies: 19
Views: 1163
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