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Re: Mortgage Debt in Retirement?

In retirement, I want stability more than I want growth. Financially, it may be better to keep the mortgage when it comes to the balance sheet, but at that point in life, stability is king. Hmm, I have not heard the term "stability" used in this context before. Usually, I hear the term &q...
by Dulocracy
Fri Mar 27, 2015 4:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage Debt in Retirement?
Replies: 74
Views: 4676

Re: Excess Cash - Play Monopoly or Repay Debt?

Meg, Congratulations on the anniversary! Also, congratulations on building a solid real estate portfolio. Some notes of suggestion. First, Kill the 6k car loan as it appears you will be doing. Second, Kill the student loan debt. When you are dealing with a lot of debt, having unsecured debt that can...
by Dulocracy
Fri Mar 27, 2015 12:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Excess Cash - Play Monopoly or Repay Debt?
Replies: 67
Views: 5161

Re: Mortgage Debt in Retirement?

In retirement, I want stability more than I want growth. My plan is to have the house paid off before retirement for that reason. Financially, it may be better to keep the mortgage when it comes to the balance sheet, but at that point in life, stability is king. Please note that this is coming from ...
by Dulocracy
Fri Mar 27, 2015 8:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage Debt in Retirement?
Replies: 74
Views: 4676

Re: Best Small Cap Value Funds (Poll)

I only voted for one, as I have DFA funds for each category.
by Dulocracy
Fri Mar 27, 2015 8:20 am
 
Forum: Investing - Theory, News & General
Topic: Best Small Cap Value Funds (Poll)
Replies: 28
Views: 3579

Re: 401K committee asking for bond help...

TIPS or short term, depending on which fits best with your strategy (hey, you are the one that apparently has a say in the new fund, and you do not have the same fiduciary duty they have.)
by Dulocracy
Fri Mar 27, 2015 8:18 am
 
Forum: Investing - Help with Personal Investments
Topic: 401K committee asking for bond help...
Replies: 7
Views: 488

Re: New job, trying to setup my 401(k)

Vanguard 500 ER 0.05 Vanguard midcap ER 0.09 Vanguard small ER 0.09 It is important to note that these may not reflect the expense ratios in O/P's plan. Edited to add: As an example, the 500 fund in my wife's 401k has an ER of about 0.29, while the midcap index has an ER of 0.89. For that reason, I...
by Dulocracy
Thu Mar 26, 2015 2:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: New job, trying to setup my 401(k)
Replies: 9
Views: 564

Re: Illiquid Assets

The problem with illiquidity risk is that it would require a great deal of research. You stated increasing risk increases expected return. That is not necessarily so. If the local drug user comes up to you and asks for a loan to get high, there is a lot of risk, but not a lot of expected return. Whi...
by Dulocracy
Thu Mar 26, 2015 1:31 pm
 
Forum: Investing - Theory, News & General
Topic: Illiquid Assets
Replies: 46
Views: 4010

Re: Need Expense Ratios and other costs.

Taylor Larimore wrote:
It will be helpful if you will edit your post to include the expense ratio and administrative fee for each of the funds you are considering.



Ditto. I would not dare to make a suggestion without the costs involved in each fund.
by Dulocracy
Thu Mar 26, 2015 12:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: New job, trying to setup my 401(k)
Replies: 9
Views: 564

Re: What would you do with 1.25 million dollars for 1 year?

You just sold a business where the TAX on the gain is $1,250,000 and you are worried about losing $12,500 in interest (minus taxes, of course) for the hassle to finding several safe places to hold the money, creating new accounts (I hope no one steals your identify in the process), monitoring the a...
by Dulocracy
Thu Mar 26, 2015 11:54 am
 
Forum: Investing - Help with Personal Investments
Topic: What would you do with 1.25 million dollars for 1 year?
Replies: 39
Views: 3539

Re: What are some common misconceptions found in this forum?

That there would be a consensus as to which misconceptions are found on the forum.
by Dulocracy
Thu Mar 26, 2015 11:47 am
 
Forum: Personal Finance (Not Investing)
Topic: What are some common misconceptions found in this forum?
Replies: 209
Views: 17278

Re: John Bogle's Don't Peek Challenge

I peek, but I no longer tinker. Originally, I had a set Asset Allocation. I was not happy with it, so I re-did it over and over. Oddly enough, I kept coming up with the exact same percentages, even though I was doing it from scratch without looking a the already-set allocation. I realized I was bein...
by Dulocracy
Thu Mar 26, 2015 11:38 am
 
Forum: Investing - Theory, News & General
Topic: John Bogle's Don't Peek Challenge
Replies: 103
Views: 8698

Re: Kendrick Lamar: Rapper with Boglehead Principles?

Our firm represents a few 80's musicians for the legal side of their estate planning. It is surprising how even in the era of materialism, people planned well ahead. Now, I doubt that the same mentality exists.
by Dulocracy
Thu Mar 26, 2015 9:45 am
 
Forum: Personal Consumer Issues
Topic: Kendrick Lamar: Rapper with Boglehead Principles?
Replies: 14
Views: 1566

Re: What would you do with 1.25 million dollars for 1 year?

Ally bank's savings account gets 0.99% interest right now, and that is pretty darn liquid. Chase360 usually has good rates. Find some online banks. Put the money in savings. FDIC insured. No risk. Small profit, but no loss. CD's if you are comfortable with how close you would be cutting it, but I wo...
by Dulocracy
Thu Mar 26, 2015 9:35 am
 
Forum: Investing - Help with Personal Investments
Topic: What would you do with 1.25 million dollars for 1 year?
Replies: 39
Views: 3539

Re: Which credit union are you a member of?

Delta Community Credit Union. Not the best, but pretty good.
by Dulocracy
Thu Mar 19, 2015 10:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Which credit union are you a member of?
Replies: 60
Views: 4660

Re: [Poll] Do you have an auto loan?

I do not have one, but I am not opposed to having one. My wife's care is 10 years old, and mine is 5. She gets a car next. Depending on the financing, we may take a loan. We will then drive that car until the wheels fall off. I do not think it is completely un-bogleheadish to have a loan, depending ...
by Dulocracy
Thu Mar 19, 2015 10:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Poll] Do you have an auto loan?
Replies: 70
Views: 4035

Re: Anyone concerned about their bond holdings?

Yes. I know that everyone on this site is "staying the course". For me, I was 100% stocks (due to my need for additional risk because of a late start in investing), however that allocation recently changed due to my written investing policy, so now I need fixed income exposure. What to do?...
by Dulocracy
Thu Mar 19, 2015 4:54 pm
 
Forum: Investing - Theory, News & General
Topic: Anyone concerned about their bond holdings?
Replies: 58
Views: 5664

Re: Another Mortgage vs Investing Q

Speak to a CPA. Having family (in-laws) from New York, one of their complaints was that the tax system there allows a discount on property taxes if you have a mortgage, meaning that your tax rate on the real estate increases if you do not have a mortgage. Please note that I do not know if this is co...
by Dulocracy
Thu Mar 19, 2015 12:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Another Mortgage vs Investing Q
Replies: 15
Views: 1476

Re: How much international is too much?

101% Is too much international. You should not use leverage to invest. I can see situations where 100% international was appropriate. Let us say that a business owner has a company that is valued at $3.5m. That company is largely dependent upon other US companies and the general health of American b...
by Dulocracy
Thu Mar 19, 2015 11:59 am
 
Forum: Investing - Theory, News & General
Topic: How much international is too much?
Replies: 113
Views: 9131

Re: MetLife Annuity

Thanks to all for the great information. I am glad to hear that I was misinformed about MetLife, and I will look into the guaranteed minimum rate. I suspect that she would be happy as long as it is 3% or more. As always, this forum provides excellent and fast guidance. I got both the information I n...
by Dulocracy
Thu Mar 19, 2015 8:22 am
 
Forum: Investing - Help with Personal Investments
Topic: MetLife Annuity
Replies: 9
Views: 1051

Re: Looking for dirt cheap commissions on DFA funds

My firm has access to DFA funds through our adviser with $0 fees, but they are within a 401k account, so I do not know if that is the same thing or not. There is no fee to the employees for AUM, as the firm picks up that tab. As the one who reviews that bill, I know there are no transaction fees. Ag...
by Dulocracy
Wed Mar 18, 2015 5:28 pm
 
Forum: Investing - Theory, News & General
Topic: Looking for dirt cheap commissions on DFA funds
Replies: 24
Views: 2674

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

1- Keep costs low 2- Get a diversified asset allocation and stick with it. 3- Stay the course in up times and in down. 4- Have automatic savings set up AND put more aside when you can. 5- Have a spouse that understands and agrees with the above. (Probably should be first, but I could not say "a...
by Dulocracy
Wed Mar 18, 2015 5:22 pm
 
Forum: Investing - Theory, News & General
Topic: Five most important things to be a successful investor?
Replies: 31
Views: 3184

Re: Previous Home- Now a Rental Property

I need to amend my previous statement. EasilyConfused pointed out that you are making 1.3% on the equity. Ironically, I got easily confused (or, rather, I made a math error). Re-running the numbers, I would say that you do not have the cash flow that I originally thought you had, and I would also re...
by Dulocracy
Wed Mar 18, 2015 5:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Previous Home- Now a Rental Property
Replies: 13
Views: 1350

MetLife Annuity

My mother recently inherited a MetLife Annuity that is paying 5-6% interest. She has the option of either keeping it as is or taking a lump sum. I have heard some members on this board suggest MetLife may not be so secure. She really would prefer the higher interest rate, but she does not want to lo...
by Dulocracy
Wed Mar 18, 2015 5:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: MetLife Annuity
Replies: 9
Views: 1051

Re: Rental property vs. REIT

Real estate is more tax efficient. You can depreciate the value of the house. You SHOULD be building equity while also getting cash flow from the property (if you are doing it correctly). Both REIT and real estate income is taxed the same. Ordinary income rates. I knew an investor that had properti...
by Dulocracy
Wed Mar 18, 2015 5:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rental property vs. REIT
Replies: 38
Views: 3142

Re: 401k contribution percentage

Last year, I wound up $10 below the limit. The year before, I believe I was around $300 below. To me, the headache mentioned in your edit is not worth it (and with my taxes, paying the CPA costs more than the money saved. No, as complicated as my taxes are at this point in life, I would not dare use...
by Dulocracy
Tue Mar 17, 2015 12:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k contribution percentage
Replies: 10
Views: 1131

Re: Did you buy a house because of low interest rate?

No. I did refinance because of a low interest rate, however. Interest rates going down certainly made the house more affordable when I refinanced, but even at 6.5% interest, I was doing better off owning than renting after running calculations including insurance, taxes, maintenance and repairs, etc.
by Dulocracy
Tue Mar 17, 2015 12:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Did you buy a house because of low interest rate?
Replies: 25
Views: 1749

Re: Rental property vs. REIT

First, let me be clear that I am not advocating one side or the other in this matter. REIT funds may be better for you or rental property may be better for you. REITs are commercial and industrial real estate, predominantly. You are getting a completely different class of real estate. 12% returns......
by Dulocracy
Tue Mar 17, 2015 11:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Rental property vs. REIT
Replies: 38
Views: 3142

Re: What are some common misconceptions found in this forum?

Misconception: The 3-fund portfolio is the only bogleheads portfolio one can follow. Similarly: Slicing and dicing is not a thing someone would do if they were a TRUE Boglehead. I might suggest a contrary misconception which is the misconception that people who do not slice and dice are stupid. Tha...
by Dulocracy
Tue Mar 17, 2015 9:59 am
 
Forum: Personal Finance (Not Investing)
Topic: What are some common misconceptions found in this forum?
Replies: 209
Views: 17278

Re: Is MicroCap on sale?

While I tilt small and value, I have trouble investing in micro-caps because of the illiquidity issue. The amount that I would be willing to risk at this point is far too small to bother with. Also, if small-growth turns out to be the "black hole of investing" as has been suggested by a re...
by Dulocracy
Tue Mar 17, 2015 9:51 am
 
Forum: Investing - Theory, News & General
Topic: Is MicroCap on sale?
Replies: 11
Views: 1392

Re: Previous Home- Now a Rental Property

As this is a very real estate averse board, I would recommend getting an opinion as well over at http://www.biggerpockets.com and compare the two. Right now, you seem to have a great tenant and the property is income producing. Because of the advantages in real estate investing, I would say to keep ...
by Dulocracy
Tue Mar 17, 2015 9:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Previous Home- Now a Rental Property
Replies: 13
Views: 1350

Re: 401k contribution percentage

Please note that it is better to go under than over. In an abundance of caution, I miss the mark by around $500 each year instead of doing one percentage at one point in the year and another later in the year. If your payroll is off by a bit, don't sweat it. You lost a pay period or two of savings, ...
by Dulocracy
Tue Mar 17, 2015 9:26 am
 
Forum: Investing - Help with Personal Investments
Topic: 401k contribution percentage
Replies: 10
Views: 1131

Re: Stock Market going south what's next?

BUY, BUY, BUY! Seriously, if stocks are not growing much, this would be a down time. The more you buy, the more you own when it goes up. Stagnant growth is typically not followed by a crash (although it can be). Keep your asset allocation and keep buying. Eventually, the market will (more likely tha...
by Dulocracy
Fri Mar 13, 2015 11:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Stock Market going south what's next?
Replies: 31
Views: 4021

Re: How much house can we afford by Boglehead standards?

In regards to the poster who stated you should get a $300 or $350k house: Heck no. (Imagine a stronger worded version of that statement). You should be safe up to $250k, especially if this is your forever home. Sorry to put a damper on this discussion, but there is no way to know how much house you ...
by Dulocracy
Fri Mar 13, 2015 11:06 am
 
Forum: Personal Finance (Not Investing)
Topic: How much house can we afford by Boglehead standards?
Replies: 31
Views: 4559

Re: 100% Stocks Long Term Pro/Con

If you go 100% stocks because you are just chasing growth, do it while you are young. By 15 years from retirement, you should have a significant portion of your portfolio in something with more stability than stocks. If you are avoiding bonds because they are uncertain in your mind, consider additio...
by Dulocracy
Thu Mar 12, 2015 10:10 am
 
Forum: Investing - Theory, News & General
Topic: 100% Stocks Long Term Pro/Con
Replies: 51
Views: 3506

Re: What are some common misconceptions found in this forum?

Misconception: The 3-fund portfolio is the only bogleheads portfolio one can follow.

Similarly: Slicing and dicing is not a thing someone would do if they were a TRUE Boglehead.
by Dulocracy
Thu Mar 12, 2015 7:44 am
 
Forum: Personal Finance (Not Investing)
Topic: What are some common misconceptions found in this forum?
Replies: 209
Views: 17278

Re: Need advice. My wife is starting a small business

I decided there were not advantages of being incorporated unless my income hits a certain threshold and I am not there yet. The point of incorporation is NOT to protect assets in the business. The point is to protect the assets you have in your pocket now or in the future... your personal assets. S...
by Dulocracy
Tue Mar 10, 2015 10:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Need advice. My wife is starting a small business
Replies: 25
Views: 2585

Re: Poll: Do you consider mortgage payments an investment?

It is important to note the difference between this poll and the original thread. Some WOULD consider the mortgage payment as SAVINGS, but not an investment. Also, there is no option in the poll for, "I do not consider my monthly payment to be savings, but I do consider extra money that I pay i...
by Dulocracy
Tue Mar 10, 2015 9:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Do you consider mortgage payments an investment?
Replies: 58
Views: 3702

Re: Bogleheads with Rental Income

Read, read, read. Plan to invest in a year. Read a book a month and follow real estate websites that have been listed above. Talk, talk, talk. Get a referral for a good real estate agent. Talk to them about YOUR area. That matters a lot. Let them know that you want to make sure it is the RIGHT renta...
by Dulocracy
Tue Mar 10, 2015 9:07 am
 
Forum: Investing - Theory, News & General
Topic: Bogleheads with Rental Income
Replies: 32
Views: 2678

Re: What percentage of your total net worth is your home?

I realized that, though I responded early, my vote did not register. I fixed that. Sorry to o/p.
by Dulocracy
Fri Mar 06, 2015 1:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: What percentage of your total net worth is your home?
Replies: 62
Views: 4068

Re: What does a $1M portfolio look like?

A $1M portfolio looks like this: 8% Large Dividend 8% 500 index 8% Mid Cap 8% Mid Value 8% Small Cap 8% Small Value 8% Europe 8% Pacific 8% Emerging Markets 8% International Small 10% TIPS 10% Total Bond Another will be 3 fund. If you are looking to slice and dice because you feel like you need to ...
by Dulocracy
Fri Mar 06, 2015 12:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: What does a $1M portfolio look like?
Replies: 64
Views: 9943

Re: My first $100K!

Congratulations! As someone older who did not have the same forethought, I am very happy to see younger people taking control of their destinies early in life. You hit a milestone that will blossom into wealth as you get older.
by Dulocracy
Fri Mar 06, 2015 12:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: My first $100K!
Replies: 17
Views: 2072

Re: Gold Coins for FUN, I mean.... investing

mindboggling wrote:Some years ago I purchased a few small (fractional) gold coins. I can't remember what I did with them!


:shock:
by Dulocracy
Thu Mar 05, 2015 4:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Gold Coins for FUN, I mean.... investing
Replies: 53
Views: 4756

Re: Investing pounds - don't live in UK

Eventually, my plan was to get ETFs listed in Dublin (and some others that are in foreign currencies) simply for diversification. (And with the hope of travelling the world after retirement without having as much currency risk). It would not be a large amount. You mentioned taxes. Is this something...
by Dulocracy
Thu Mar 05, 2015 4:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing pounds - don't live in UK
Replies: 6
Views: 579

Re: Wife tired of saving...

What about a compromise? Look at your finances. Agree to save somewhere around 20% (or whatever percentage works best for you). Then, figure out what kind of house you can afford. If you can afford the grand mansion, do it. If you can't don't. Either way, you have an agreed upon set savings rate. Be...
by Dulocracy
Thu Mar 05, 2015 3:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wife tired of saving...
Replies: 203
Views: 19233

Re: Where's your Will?

DO NOT keep it in the safe deposit box unless someone else's name is on the box. Many times, I have had clients who could not access the will because the deceased was the only one on the box. The bank then secured the box and refused to open it until the executor had letters testamentary. This meant...
by Dulocracy
Thu Mar 05, 2015 2:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Where's your Will?
Replies: 46
Views: 2959

Re: Do you consider mortgage payments as savings?

It is a payment for a housing expense. As far as I am concerned, the only way it would not be an expense is if you never had to pay it, ie. you had a perpetual interest-only mortgage. Under you logic, would this not simply still be a debt? It would just be a debt you never had to pay off so long as...
by Dulocracy
Thu Mar 05, 2015 12:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 410
Views: 20143

Re: Discussion on particular economic policies?

My understanding is that this is strictly enforced because of the site's non-profit status and avoiding issues with the IRS. I could also see the impassioned members of this site getting heated about political issues in a manner that would be detrimental to the community as a whole. If, however, you...
by Dulocracy
Thu Mar 05, 2015 11:52 am
 
Forum: Forum Issues and Administration
Topic: Discussion on particular economic policies?
Replies: 5
Views: 420

Re: Follow-up: What % of net worth was your home at purchase

I cannot answer the poll, as my answer would be negative. Sadly, not knowing as much about the world, I got a 100% financing, stated income, closing costs included loan. Yeah... I wish I could kick my younger self. This forum is interesting. Some people are kicking themselves because the mortgage wa...
by Dulocracy
Thu Mar 05, 2015 11:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Follow-up: What % of net worth was your home at purchase?
Replies: 14
Views: 1498

Re: Reasons not to use Total Bond Market?

wassabi wrote:
Hi. As a quick aside, I remember your thread some time ago about buying a new Macbook Pro.


Either you have God's memory, are a stalker, or looked back at posts. In any event, the suggestion to use computer calendar reminders is a good one!
by Dulocracy
Thu Mar 05, 2015 10:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Reasons not to use Total Bond Market?
Replies: 83
Views: 7101

Re: Advice needed on lawyer's retainer agreement

How quickly this thread devolved into lawyer-bashing! If an attorney bills hourly, that attorney should provide a monthly billing. A minimum amount up front is not unreasonable. Our retaining fee is non-refundable for a reason. We limit our case load. Instead of taking on every case that we can, we ...
by Dulocracy
Thu Mar 05, 2015 9:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice needed on lawyer's retainer agreement
Replies: 12
Views: 1146
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