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Re: Should I purchase an Umbrella policy?

if something is VERY cheap, there's a reason for it .... it has a very low chance of occurring. But if it occurs, it could be devastatingly catastrophic. Under the idea of not likely to be needed, would we also recommend not having disability insurance? I hope I never use my umbrella policy, but I ...
by Dulocracy
Fri Apr 17, 2015 2:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I purchase an Umbrella policy?
Replies: 43
Views: 3619

Re: Should I purchase an Umbrella policy?

Depending on the insurance coverage and the state (bankruptcy laws differ), it is actually entirely possible for a debt to be bankruptcy proof. Again, results will differ from state to state (just as some states do not protect IRAs from bankruptcy). Some examples: 1) Someone has a few glasses of win...
by Dulocracy
Fri Apr 17, 2015 2:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I purchase an Umbrella policy?
Replies: 43
Views: 3619

Re: Can't Just Do Nothing

Get a second job that can be done from home, such as medical billing. Thanks for the suggestion, but a second job has no appeal to me unless I can find one in an area I particularly enjoy. Grow vegetables in your backyard and sell them at farmer's markets? Trying to go for something other than drop...
by Dulocracy
Fri Apr 17, 2015 1:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can't Just Do Nothing
Replies: 33
Views: 4143

Re: Two Comma Club

Congratulations on such a milestone. I always find these posts to be inspirational! :beer
by Dulocracy
Fri Apr 17, 2015 1:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Two Comma Club
Replies: 60
Views: 7396

Re: noise-blocking headphones

Can't you "Ignore the noise?" :twisted: For a cheaper option than Bose, my wife was very happy with some "Skullcandy" headphones that are over the ear. She can play video games on her computer without hearing whatever I am using the television for at the time, allowing us to spen...
by Dulocracy
Fri Apr 17, 2015 1:23 pm
 
Forum: Personal Consumer Issues
Topic: noise-blocking headphones
Replies: 27
Views: 1968

Re: Investment made for emotional reasons--do they work out?

I would not invest that much money in a situation where someone may only be there a few years. I think it would be much more preferable to give her money to relocate or to provide continued assistance in that vein. Have you checked the rates to rent houses for her? While you are losing that money, s...
by Dulocracy
Fri Apr 17, 2015 1:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investment made for emotional reasons--do they work out?
Replies: 8
Views: 736

Re: Does your family know about your net worth (ball park)?

3. My mother did not foster good relationships among us siblings. There was always unhealthy rivalry going on, as well as golden-child/scapegoat phenomenon. If I did something good or remarkable, she would always comment how my rival sibling did it better etc. He lives flashy lifestyle – expensive ...
by Dulocracy
Fri Apr 17, 2015 1:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does your family know about your net worth (ball park)?
Replies: 86
Views: 8244

Re: Baby boomers bad for stock market?

Are you suggesting we implement some sort of Logan's Run style Carrousel [sic] system? How do you propose to handle the situation?
by Dulocracy
Fri Apr 17, 2015 1:10 pm
 
Forum: Investing - Theory, News & General
Topic: Baby boomers bad for stock market?
Replies: 20
Views: 1844

Re: how to deal with it [regret over past investing choices]

I am a year older than you are without that windfall. I did not start saving until a few years ago. You know in the movie "It's a Wonderful Life" when Mr. Potter tells George Bailey "You are worth more dead than alive" (thereby causing him to consider suicide)? Yeah, that is me.....
by Dulocracy
Fri Apr 17, 2015 12:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: how to deal with it [regret over past investing choices]
Replies: 62
Views: 4613

Re: Abbreviation: "OP"

nisiprius wrote:but I at least do try to read the original post.


It is good that you try to at least make that effort... :P
by Dulocracy
Fri Apr 17, 2015 12:43 pm
 
Forum: Forum Issues and Administration
Topic: Abbreviation: "OP"[? = "Original Poster"]
Replies: 14
Views: 1101

Re: Collecting: A Hobby First, Investment Second

Rick- Thanks for the article! I actually have a collection of dusty old books. My college roommate went to med school when I went to law school. When he graduated, I gave him a medical dictionary from the late 1800's. It was much more about the sentiment than the value. None of my books have any rea...
by Dulocracy
Fri Apr 17, 2015 12:41 pm
 
Forum: Investing - Theory, News & General
Topic: Collecting: A Hobby First, Investment Second
Replies: 24
Views: 1864

Re: What do you drive, and why?

My wife drives a 2005 Ford Escape Hybrid. Why? Her parents did not want the vehicle anymore and were nice enough to let us have it.

I drive a 2010 Volkswagen Jetta. I love the car. It has been reliable, and it had a good price tag.
by Dulocracy
Fri Apr 17, 2015 12:31 pm
 
Forum: Personal Consumer Issues
Topic: What do you drive, and why?
Replies: 229
Views: 21283

Re: Career and college advice for current HS students

Skilled at writing, written communication, and English: Decide your career BEFORE deciding your major. These are general skills, and an English degree can help you flip burgers. Decide first what you want to do. Second what that job requires. Third what your major will be.
by Dulocracy
Fri Apr 17, 2015 12:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Career and college advice for current HS students
Replies: 34
Views: 2523

Re: Will Saudi Arabia be added into Total International Stoc

I imagine it would be considered a frontier market like Kuwait. Even if its economy is larger, the market itself is young for international investment, and therefore would likely be considered too volatile at first. Of course, that is speculation.
by Dulocracy
Fri Apr 17, 2015 12:14 pm
 
Forum: Investing - Theory, News & General
Topic: Will Saudi Arabia be added into Total International Stock?
Replies: 14
Views: 1507

Re: Anyone in VFSVX? Why?

I use it in my Roth IRA. I used the fund because it allows nice, round numbers. I will likely hold VSS in taxable someday.

Edited to add: at 0.37%, the cost is pretty low to get international small cap exposure.
by Dulocracy
Fri Apr 17, 2015 11:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Anyone in VFSVX? Why?
Replies: 70
Views: 10389

Re: Can we afford [a masters degree]?

Do NOT pay for it out of the Roth. Loans would be better. That tax advantaged space is worth more than you can imagine. You will lament the day you took that money out when you look back if that is what you do. As for whether or not to do it? Will having the education allow her salary to increase to...
by Dulocracy
Fri Apr 17, 2015 11:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Can we afford [a masters degree]?
Replies: 29
Views: 1897

Re: Can't Just Do Nothing

Get a second job that can be done from home, such as medical billing.
by Dulocracy
Fri Apr 17, 2015 10:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Can't Just Do Nothing
Replies: 33
Views: 4143

Re: How to invest with Euros?

http://thunfinancial.com/why-americans-should-never-ever-own-shares-in-a-non-us-incorporated-mutual-fund/ That article is the perfect answer to why OP's son should not do this. When someone pointed this out to me, I was both amazed and thankful that I found out BEFORE doing anything silly.
by Dulocracy
Fri Apr 17, 2015 10:32 am
 
Forum: Investing - Help with Personal Investments
Topic: How to invest with Euros?
Replies: 5
Views: 390

Re: Would you invest your house down payment?

do it all the time, eh? Are you from the Canadian part of Texas? Religion, politics, and money always seem to get people fired up in real life, so this is a great outlet. Maybe that is why we are not allowed to discuss religion or politics on this board. I am going to echo livesoft's view on the &q...
by Dulocracy
Fri Apr 17, 2015 10:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Would you invest your house down payment?
Replies: 22
Views: 1788

Re: Should I purchase an Umbrella policy?

Get it. It is relatively cheap. It gives you much better protection, for much less money. If you are eligible, get it now. You never know when an accident will occur and you will no longer be eligible for some period of time. No offense, but you don't have $1m in assets, so why do you need so much c...
by Dulocracy
Fri Apr 17, 2015 10:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I purchase an Umbrella policy?
Replies: 43
Views: 3619

Re: Tips for Post-College Lifestyle

1) Fully fund your Roth IRA 2) If you have a 401k, put every dime you can into tax advantaged space. You would actually contribute here first if there is a match until you get the full match. Then Roth IRA. Then more money in 401k. Seriously, cram as much as you can into tax advantaged space as youn...
by Dulocracy
Fri Apr 17, 2015 8:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Tips for Post-College Lifestyle
Replies: 53
Views: 2468

Re: Favorite Boglehead Avatar?

Haha... ok, so yes, her name is englishgirl, since she posted just above my post.
by Dulocracy
Thu Apr 16, 2015 12:06 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Favorite Boglehead Avatar?
Replies: 87
Views: 4459

Re: Favorite Boglehead Avatar?

As a huge fan of Robotech, I will have to say the avatar of schuyler74 is my favorite. My second favorite is Englishgirl's bunny in a blue dress (I believe that is her name on here... or some derivation of it, and another poster also seems to think that is her name.) VictoriaF's always reminds me of...
by Dulocracy
Thu Apr 16, 2015 12:04 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Favorite Boglehead Avatar?
Replies: 87
Views: 4459

Re: Does your family know about your net worth (ball park)?

1) My mother knows. I shared with her to relieve any fears she may have had. I wish I could talk to my inlaws about it a bit. I am concerned that they think that we have a smoke and mirrors approach to investing. My firm requires constant re-investment and reimbursement. For that reason, I fear that...
by Dulocracy
Thu Apr 16, 2015 11:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Does your family know about your net worth (ball park)?
Replies: 86
Views: 8244

Re: Roth IRA for Teeneagers

Don't worry. They won't be making smart decisions. :twisted: I told my daughter that I would give her the money to fully fund her Roth IRA for 2014 if she submitted her 2013 (not a typo) tax return and the payment for it. She will not do it, so she will be $5500 poorer. Daughter comes through with ...
by Dulocracy
Thu Apr 16, 2015 11:23 am
 
Forum: Investing - Theory, News & General
Topic: Roth IRA for Teeneagers
Replies: 24
Views: 1358

Re: Setup a Vanguard Roth IRA for wife help choose a fund

I would go with VTSMX for the first go. Add international next year.
by Dulocracy
Wed Apr 15, 2015 12:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Setup a Vanguard Roth IRA for wife help choose a fund
Replies: 8
Views: 712

Re: Investing in a house!! Qld

30 year fixed. Fixed because you do not have nasty surprises you cannot fix with raising rent. 30 year because it is much more likely to be cash flow positive, and it gives you more flexibility. You can always pay it off early, but if you need to stretch a bit... that cannot be done without a refina...
by Dulocracy
Wed Apr 15, 2015 12:34 pm
 
Forum: Investing - Theory, News & General
Topic: Investing in a house!! Qld
Replies: 2
Views: 363

Re: Haliburton vs. Exxon as a buy and hold

What does it cost Chesapeake to extract a bbl of oil? I don't know this. But if you are considering investing in them, you sure need to know this. If (made up numbers) it costs $55 a bbl, then what? $65? They can have infinite reserves but if it costs more to extract than the market price, then whe...
by Dulocracy
Wed Apr 15, 2015 12:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Haliburton vs. Exxon as a buy and hold
Replies: 40
Views: 3309

Re: Haliburton vs. Exxon as a buy and hold

What does it cost Chesapeake to extract a bbl of oil? I don't know this. But if you are considering investing in them, you sure need to know this. If (made up numbers) it costs $55 a bbl, then what? $65? They can have infinite reserves but if it costs more to extract than the market price, then whe...
by Dulocracy
Wed Apr 15, 2015 12:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Haliburton vs. Exxon as a buy and hold
Replies: 40
Views: 3309

Re: 19 year old with Roth IRA

Keep it simple. 100% Total Stock Market.
by Dulocracy
Wed Apr 15, 2015 12:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: 19 year old with Roth IRA
Replies: 12
Views: 1300

Re: More Social Security Bum Steers

So, if they erroneously give me an extra $5000 a month, I get to keep it, right? The maximum Social Security benefit for a worker retiring at full retirement age is increasing from $2,642 per month in 2014 to $2,663 per month in 2015. I doubt if you would see an extra $5K :twisted: ... - Ron Look, ...
by Dulocracy
Tue Apr 14, 2015 4:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: More Social Security Bum Steers
Replies: 6
Views: 1822

Re: Can sole beneficiary be the sole trustee?

Depending on the state, this may not protect the money from his creditors or a spouse. As laws are very state-specific, I would suggest getting a second opinion. You may also want to research "spendthrift trusts" to see if that is applicable in your state. They tend to have the most protec...
by Dulocracy
Tue Apr 14, 2015 11:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Can sole beneficiary be the sole trustee?
Replies: 4
Views: 477

Re: I... must... stop... Spending!

I find it easier if I mentally note what I am going to use the money for. $5,000 bonus coming? I will use that towards a Roth IRA. $2.50 coke with dinner? That is going towards paying down the mortgage. Then I follow through. No matter how small or large the cost of the expenditure, I will mentally ...
by Dulocracy
Tue Apr 14, 2015 10:14 am
 
Forum: Personal Finance (Not Investing)
Topic: I... must... stop... Spending!
Replies: 25
Views: 3728

Re: Is it okay to use backdoor Roth if it's unnecessary?

According to my CPA, it is much better to use the backdoor if you do not need it than to try to unravel a direct contribution if you could not contribute directly. There are extra tax forms you will need for a backdoor. Be sure not to leave them out!
by Dulocracy
Wed Apr 08, 2015 12:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is it okay to use backdoor Roth if it's unnecessary?
Replies: 7
Views: 1269

Re: More Social Security Bum Steers

Dealing with Social Security makes you feel like you've fallen down the rabbit hole. I got a chuckle out of this quote from the official Social Security rules, as cited in Larry Kotlikoff's new book, "Get Whats Yours; The Secrets to Maxing Out Your Social Security": "The regulations ...
by Dulocracy
Wed Apr 08, 2015 12:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: More Social Security Bum Steers
Replies: 6
Views: 1822

Re: Am I justified in being angry with executor?

How long it takes to probate an estate varies greatly from state to state as well. A friend from another state may tell you how easy and fast probate is, while another from yet another state tells you how long and drawn out the process can be. Also, state law has a lot to do with whether or not prop...
by Dulocracy
Wed Apr 08, 2015 12:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I justified in being angry with executor?
Replies: 22
Views: 3327

Re: Sandwich generation

You can see that even on this board, there are things wherein there is no real consensus. My thoughts boil down more to choice. Children did not choose to be born, therefore they are the first responsibility of the parent. Secondly, if your mother wants and needs help, yet she is unwilling to move, ...
by Dulocracy
Wed Apr 08, 2015 12:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Sandwich generation
Replies: 17
Views: 1821

Re: Haliburton vs. Exxon as a buy and hold

Have you looked at the mutual fund OIH? It holds Haliburton and several others in oil services with an expense ratio of 0.35.
by Dulocracy
Mon Apr 06, 2015 4:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Haliburton vs. Exxon as a buy and hold
Replies: 40
Views: 3309

Re: Bear market warning sign

Similarly, I let my neighbors know it is going to rain after I wash my car. I actually had my car washed on Monday. Wednesday, a flock of birds that ate some purple berries apparently flew over it. At least it looked good on Tuesday...
by Dulocracy
Fri Apr 03, 2015 2:00 pm
 
Forum: Investing - Theory, News & General
Topic: Bear market warning sign
Replies: 27
Views: 5159

Re: how often do you check performance?

I am a member of a focus group whose members assist in goal-setting and hold each other accountable for everything from "Did you fund your Roth IRA?" to "Did you do a home inventory for insurance purposes?" Each member has a meeting wherein the group focuses on that member. For t...
by Dulocracy
Fri Apr 03, 2015 1:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: how often do you check performance?
Replies: 70
Views: 4810

Re: Thinking of raiding your retirement savings?

No, I am not thinking of raiding my retirement savings, but thanks to OP for passing along a great article on why that is a bad idea. I am actually going to pass this article along to a guy I know that keeps talking about using his 401k for a home renovation project.
by Dulocracy
Fri Apr 03, 2015 1:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Thinking of raiding your retirement savings?
Replies: 10
Views: 2927

Re: Implications of Marriage - she with debt and low income

If you're in love... get married. Agreed! And congratulations on finding true love! You live in a community property state. Check with a CPA and divorce lawyer, but I'm pretty sure that anything prior to marriage is separate as long as assets are not co-mingled. You really want to talk to an attorn...
by Dulocracy
Fri Apr 03, 2015 12:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Implications of Marriage - she with debt and low income (WI)
Replies: 71
Views: 6571

Re: How does one invest without rebalancing?

I rebalance with new money. I also use bands, so my portfolio can fluctuate a little without causing panic on my part. That way, I do not worry about several "tenths of a percent off from my present AA". :beer
by Dulocracy
Fri Apr 03, 2015 12:52 pm
 
Forum: Investing - Theory, News & General
Topic: How does one invest without rebalancing?
Replies: 17
Views: 1653

Re: If long-term, why not just go really high risk?

Because risk shows up. I actually have no problem with a 100% equities strategy 50 years out. I would have a problem with a 100% Frontier Market strategy. I tilt small/value, but I would never go 100% Small Value. If someone were to get very risky with their investments, they could do something like...
by Dulocracy
Thu Apr 02, 2015 2:59 pm
 
Forum: Investing - Theory, News & General
Topic: If long-term, why not just go really high risk?
Replies: 49
Views: 4912

Re: My Strategy For A Market Crash

I don't think we know that the original poster is living mostly off of qualified dividends. He just said "dividends/bond distributions". This could mean a lot of things. It could mean he has a very high bond allocation in his portfolio. Of course, if there is enough money in bonds, it won...
by Dulocracy
Thu Apr 02, 2015 2:06 pm
 
Forum: Investing - Theory, News & General
Topic: My Strategy For A Market Crash
Replies: 54
Views: 9131

Re: Five most important things to be a successful investor?

Ok, fine. I still think it is cheating that Mr. Larimore did not give us his top 5 out of 10, but I agree, the topic was both useful and interesting.

:beer
by Dulocracy
Thu Apr 02, 2015 12:53 pm
 
Forum: Investing - Theory, News & General
Topic: Five most important things to be a successful investor?
Replies: 38
Views: 4360

Re: Implications of Marriage - she with debt and low income

Congrats, OP. Since you already made a decision, I won't throw in my opinion. Pre-nups `affect the relationship. Sometimes good, sometimes bad but they are not neutral. As one example I am a full time caretaker for a disabled spouse. I don't think anyone who signs a pre nup should expect that kind ...
by Dulocracy
Thu Apr 02, 2015 12:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Implications of Marriage - she with debt and low income (WI)
Replies: 71
Views: 6571

Re: The Boglehead Philosophy

However,the "top five" is difficult. It is why I posted the question. After reading the Replies, I now realize the answer can be different for different investors. I think the vast majority of investors need to follow ALL ten items listed in our Boglehead Philosophy : That is cheating!
by Dulocracy
Thu Apr 02, 2015 12:19 pm
 
Forum: Investing - Theory, News & General
Topic: Five most important things to be a successful investor?
Replies: 38
Views: 4360

Re: Implications of Marriage - she with debt and low income

^^Dulocracy - Since your company required a prenup at least for itself, it takes some of the sting out. But were there terms added by you that the company did not require, and does your wife know that and how does she feel about it? You are correct in that the requirement made posing the question e...
by Dulocracy
Thu Apr 02, 2015 12:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Implications of Marriage - she with debt and low income (WI)
Replies: 71
Views: 6571

Re: How many of you invest in individual stocks?

After a time, I was able to become 100% fund invested. An interesting poll would be who has 100% boglehead funds. I still have a South American fund (FLATX) with over 1% in fees, but I refuse to walk away at the bottom of that market (oil plays a big impact). I would be taking a 40% loss, which I j...
by Dulocracy
Thu Apr 02, 2015 11:48 am
 
Forum: Investing - Theory, News & General
Topic: How many of you invest in individual stocks?
Replies: 70
Views: 4746
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