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Re: *poor* Bogleheads

What is poor? Does high income preclude you from being poor? When I joined this site, my net worth was negative. I only found the site because I was trying to figure out what to do with extra money for investing. IF I had found this site when I was making more along the lines of $50k a year, my life...
by Dulocracy
Fri Apr 18, 2014 10:41 am
 
Forum: Forum Issues and Administration
Topic: *poor* Bogleheads
Replies: 78
Views: 5355

Re: Playing Defense [against possible market correction]

Read Charlie Ellis' book Winning The Loser's Game . It is a very good read. One of the best analogies I remember was the analogy of the amateur tennis player winning points. Most points were won NOT by aces, down the line or cross court winners, but by the opponent making a mistake. Think of invest...
by Dulocracy
Tue Apr 15, 2014 4:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Playing Defense [against possible market correction]
Replies: 36
Views: 2950

Re: Math challenged

Workinghard: the question is not at all stupid. If you had not asked, I would not have the calculators that are pertinent to a conversation I am having with a friend. Because you were willing to ask, others also gained information they could us! :sharebeer
by Dulocracy
Tue Apr 15, 2014 1:51 pm
 
Forum: Investing - Theory, News & General
Topic: Math challenged
Replies: 18
Views: 1453

Re: Stock AA [Asset Allocation]

The stock AA that you mentioned is not a bad one. While many can argue over what is better, I think most on this board would agree that, even if other options may be better, the options that you suggest are solid. There IS the question of tax placement. You would not want REITs in taxable. I am unde...
by Dulocracy
Tue Apr 15, 2014 1:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Stock AA [Asset Allocation]
Replies: 11
Views: 681

Re: Frugality regret: What thing do you regret not spending

I do a good bit of family law. On the humorous side: I have a client that I met with last week that said he was worried about the cost of condoms where they were provided (at an apparent large markup). He had an experience later that evening where the purchase would have been useful. His costs in at...
by Dulocracy
Tue Apr 15, 2014 1:01 pm
 
Forum: Personal Consumer Issues
Topic: Frugality regret: What thing do you regret not spending on?
Replies: 112
Views: 14377

Re: 15 year vs 30 year fixed

I have said it on other posts, and I will say it on this one: Why Either/Or? Why not consider a 20 year? Very often, a 15 year constricts people much more than they want to be constricted. My Credit Union does not advertise 20 year loans, but they are available. Our mortgage has much lower interest ...
by Dulocracy
Tue Apr 15, 2014 12:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: 15 year vs 30 year fixed
Replies: 62
Views: 5807

Re: Woodpeckers...I'm desperate!

My mother had a similar problem. She solved it by hanging two pie tins on the same nail. The tinny sound has run off the woodpecker. She does this when he shows up for about two weeks. It runs him off. Then she has months until one comes back. She has to do this a few times a year. Of course, she do...
by Dulocracy
Tue Apr 15, 2014 11:15 am
 
Forum: Personal Consumer Issues
Topic: Woodpeckers...I'm desperate!
Replies: 52
Views: 3446

Re: Overseas investor interested in US real estate

Absentee landlord is asking for failure, at least based on personal experience ... Tim While I cannot speak to your personal experience, I can note that it sounds like you were an absentee landlord and did not hire a management company. A good management company takes care of everything from calls ...
by Dulocracy
Wed Mar 05, 2014 6:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Overseas investor interested in US real estate
Replies: 14
Views: 761

Re: Overseas investor interested in US real estate

Lending is typically handled in one of two ways when a corporation is new and has no credit. Either 1) (Preferably) The company has the loan. The bank has the property as collateral. The individual signs a promissory note. With overseas investors, you typically see that banks are more reluctant to t...
by Dulocracy
Tue Mar 04, 2014 4:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Overseas investor interested in US real estate
Replies: 14
Views: 761

Re: Banning +1 in Boglehead forums

My style of writing is direct. I use emoticons to let someone know that I am not attacking them. The sharebeer helps me say, "Hey buddy, I am with you. My criticism is for our mutual betterment." The shock icon helps me to say "Whoa, dude. I am totally not being a jerk about something...
by Dulocracy
Tue Mar 04, 2014 3:52 pm
 
Forum: Forum Issues and Administration
Topic: Banning +1 in Boglehead forums
Replies: 53
Views: 2184

Re: harvard med school vs. penn med+full tuition scholarship

StormShadow wrote:Congratulations!

Just a prediction, but I think you will never ever regret this decision. :beer



Agreed.

Also: thanks to the OP for follow-up. Too often the advice sits out there without resolution. Some of us like to know the end result. 8-)
by Dulocracy
Mon Mar 03, 2014 3:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: harvard med school vs. penn med+full tuition scholarship
Replies: 115
Views: 9961

Re: Overseas investor interested in US real estate

Because you are looking for something OTHER than a REIT it seems, I would recommend several things. First, choose a sector. Are you interested in owning single family homes? Apartment complexes? What about shopping centers? Office space? Light industrial? Find a sector. Second, choose a location. Yo...
by Dulocracy
Mon Mar 03, 2014 3:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Overseas investor interested in US real estate
Replies: 14
Views: 761

Re: optimal buy and hold strategy

While my personal plan does not allow me to buy into a sector like healthcare, tech, etc., I like the overall philosophy of essentially rebalancing with new money. That is my current strategy. I do not sell winners and buy losers, I use new money to focus on losers first and foremost. I typically ma...
by Dulocracy
Mon Mar 03, 2014 2:45 pm
 
Forum: Investing - Theory, News & General
Topic: optimal buy and hold strategy
Replies: 3
Views: 426

Re: [POLL] What do Bogleheads DRINK?

As of this writing, Tea and Beer are equal.

Liquor and Milk are equal.

If you asked what alcoholic drink I drink, the answer would be Scotch. As the question is more broad, water is the answer (but I never mix the two). Actually, I drink everything on the list, but water is most frequent.
by Dulocracy
Mon Mar 03, 2014 1:02 pm
 
Forum: Personal Consumer Issues
Topic: [POLL] What do Bogleheads DRINK?
Replies: 72
Views: 3761

Re: Advice needed on problem neighbors

BE CAREFUL: Advice on this thread has been video surveillance. Realize that, while ok for your property, this could be a crime (even a felony) depending on your state laws if you direct the surveillance towards their house. If they ARE in foreclosure: bide your time. If not, consulting with the poli...
by Dulocracy
Mon Mar 03, 2014 1:00 pm
 
Forum: Personal Consumer Issues
Topic: Advice needed on problem neighbors
Replies: 30
Views: 3145

Re: Vacuum cleaner advice

Dysons are ridiculously overrated. I disagree. They are pricey, but I have never had a vacuum cleaner so effective or so easy to use. They look funky, sure, but they are ridiculously good at both carpet cleaning and hardwood/tile cleaning. I would buy another in a heartbeat. So would my wife, who w...
by Dulocracy
Sun Mar 02, 2014 3:12 pm
 
Forum: Personal Consumer Issues
Topic: Vacuum cleaner advice
Replies: 34
Views: 1925

Re: washing machine - front loader or HE top loader?

We recently got a Whirlpool HE top loader and love it. We have not had the problem mentioned by aude. We will likely continue to purchase this same machine if our current one breaks. I have had a friend complain about the front loader in that it can pool water. If not used frequently, your next load...
by Dulocracy
Sun Mar 02, 2014 2:43 pm
 
Forum: Personal Consumer Issues
Topic: washing machine - front loader or HE top loader?
Replies: 52
Views: 2802

Re: Broker for homeowners association

Practically speaking, it will likely be difficult to find a broker for the HOA. Why work with someone if doing so requires much more paperwork and that entity is not likely to have much to invest long-term? Low commission for a lot of work means you will not have a lot of takers. What you really ne...
by Dulocracy
Fri Feb 21, 2014 4:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Broker for homeowners association
Replies: 13
Views: 732

Increasing US Sm Cap to compensate for lack of Intl Sm

I realized that my desired allocation has a certain percent for US and International. It has a ratio for Small, Mid, and Large caps. Yet, my international options for small cap stocks are lacking in a ROTH (sinceVanguard wants to give me a load for that). I therefore plan on increasing the US small ...
by Dulocracy
Tue Feb 18, 2014 5:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Increasing US Sm Cap to compensate for lack of Intl Sm
Replies: 11
Views: 585

Re: FORUM'S UPCOMING 7TH BIRTHDAY

It's the quality, not the quantity, of some contributors that makes this site special. I especially enjoy those contributors who clearly listen and reflect before they respond. The wiki is a wonderful resource. Lev Exactly. Thanks to the many users who share their wisdom. Special thanks to the sele...
by Dulocracy
Tue Feb 18, 2014 3:15 pm
 
Forum: Investing - Theory, News & General
Topic: FORUM'S UPCOMING 7TH BIRTHDAY
Replies: 23
Views: 1346

Re: Skip IRA for 1 year to buy engagement ring

... I'm afraid that if I sit down and talk to her about finances ... It's a bigger issue than the ring. If you two haven't sat down and discussed financial objectives for the next 50+ years (god willing), budgeting, existing liabilities, then it's a problem. I'd hate for you to be squirreling away ...
by Dulocracy
Tue Feb 18, 2014 2:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Skip IRA for 1 year to buy engagement ring
Replies: 152
Views: 7348

Re: Skip IRA for 1 year to buy engagement ring

Buy her a nice cubic zirconia ... Skip this step and dump her. Seriously, get her a diamond or a simple stone that she likes, but get one in your price range. $500 buys a really nice ring. If you go all out at $1,000, you can get something dazzling. Do not sacrifice your future for something shiny....
by Dulocracy
Tue Feb 18, 2014 2:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Skip IRA for 1 year to buy engagement ring
Replies: 152
Views: 7348

Re: Voluntary Separation Package Advice

Accept the package. Accept the package. Accept the package. Take the money and run. Take the money. Look for a new job. Let us say that you get a new job that pays $75,000 a year. You now have enough money that you should be able to live without drawing down on your current assets, allowing them to...
by Dulocracy
Tue Feb 18, 2014 2:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Voluntary Separation Package Advice
Replies: 47
Views: 2883

Re: Skip IRA for 1 year to buy engagement ring

My friend's family has been in the diamond industry for 3 and soon 4 generations. I showed him this video and he (off the record) did agree with much of it. You will view the diamond "scam" in a whole other light http://theawesomer.com/why-engagement-rings-are-a-scam/269704/ Do not tell h...
by Dulocracy
Tue Feb 18, 2014 2:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Skip IRA for 1 year to buy engagement ring
Replies: 152
Views: 7348

Re: Skip IRA for 1 year to buy engagement ring

You can get a nice looking engagement ring for $250. $500 can get you something that looks glorious. If she knows it is coming, talk to her about it. Let her know that you would rather provide for her future than spend too much on the rock. See her response (and pray that it is agreement). My cousin...
by Dulocracy
Tue Feb 18, 2014 2:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Skip IRA for 1 year to buy engagement ring
Replies: 152
Views: 7348

Re: Broker for homeowners association

Practically speaking, it will likely be difficult to find a broker for the HOA. Why work with someone if doing so requires much more paperwork and that entity is not likely to have much to invest long-term? Low commission for a lot of work means you will not have a lot of takers. What you really nee...
by Dulocracy
Tue Feb 18, 2014 2:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Broker for homeowners association
Replies: 13
Views: 732

Re: Should I use S&P 600 or Russell 2000?

The S&P and Russell indexes are roughly comparable; they have about the same cap range. Therefore, you should use whichever is easier to hold. This answers your question. While you may choose to get a ROTH with small/value in it, if you are deciding between these two funds, they are fairly inte...
by Dulocracy
Tue Feb 18, 2014 12:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I use S&P 600 or Russell 2000?
Replies: 7
Views: 806

Re: Employer Match American Funds Help

Let us know the desired allocation of Bonds and Stocks. (10% Bonds, 90% Stocks / Age in Bonds / Age -10% in Bonds / etc.) Also, what is your desired allocation of US / International? (Many on here recommend 30-40% based on a Vanguard paper identifying that as the best amount over time.) Also, let us...
by Dulocracy
Tue Feb 18, 2014 12:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Employer Match American Funds Help
Replies: 3
Views: 194

Re: Rental properties - Risk-adjusted return seems way too h

Boggler, I think that real estate can be a GREAT way of making money. Having seen it ruin my father, however, I will say there are dangers. Location. When 5 mills in a mill town shut down, real estate values plummeted. Of course, if money is still owed on these properties, it can be problematic. Whe...
by Dulocracy
Tue Feb 18, 2014 11:53 am
 
Forum: Investing - Theory, News & General
Topic: Rental properties - Risk-adjusted return seems way too high
Replies: 37
Views: 2456

Re: Income at which it's foolish not to pay for tax advice?

At your income level, a CPA can probably help you out. Even if they do not help much, it provides peace of mind. I own a business, so a CPA is necessary and more than worth the money to me. As a high-wage earner, you could take a page out of the playbook of a pilot client of mine: Hire a CPA every 5...
by Dulocracy
Tue Feb 18, 2014 11:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Income at which it's foolish not to pay for tax advice?
Replies: 37
Views: 3451

Re: Estate Planning- Attorney fees $5.5K

It is important to note that prices will vary GREATLY from state to state, as the legal work varies. Laws for estate matters are extremely different from state to state. Someone mentioned $750 for wills, poa, healthcare directive. In Georgia, I would say that is reasonable as well. In some states, i...
by Dulocracy
Tue Feb 18, 2014 11:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Estate Planning- Attorney fees $5.5K
Replies: 34
Views: 3924

Re: Broker for homeowners association

First, since the HOA cannot be a 501 (c) 3, some brokers may be distancing themselves from a future headache: "The organization must not be organized or operated for the benefit of private interests, and no part of a section 501(c)(3) organization's net earnings may inure to the benefit of any ...
by Dulocracy
Tue Feb 18, 2014 10:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Broker for homeowners association
Replies: 13
Views: 732

Re: Should I become sole provider for fiance?

I vote no, but for a completely different reason. I am an attorney that handles a lot of divorces. What I see over and over is that if someone is always provided for, they expect it to continue. I would not start habits now that would lead to the wrong lifestyle. Involve her in planning now. Involve...
by Dulocracy
Mon Feb 17, 2014 6:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I become sole provider for fiance?
Replies: 97
Views: 6021

Re: Two Behaviors That Hurt Stock Investors

still 36,000 on my screen :twisted: :beer Fixed on mine. :beer Rick, thanks for the article. I have been guilty of buying low/volatile stocks (which is what honestly led me to indexing after a few disasterous picks). Once I got into indexing, diversification fixed itself. I believe that the one neg...
by Dulocracy
Fri Feb 14, 2014 11:30 am
 
Forum: Investing - Theory, News & General
Topic: Two Behaviors That Hurt Stock Investors
Replies: 15
Views: 2586

Re: Low Debt/Low Income; Looking to get ahead!

1) Continue to max the ROTH each year. Keep all of the money invested. Maybe use a Total International fund for the 20% uninvested amount (you said equities, I am assuming US, but if not, invest it in your asset allocation. Some will say you need more bonds. I disagree at your age. You have what Lar...
by Dulocracy
Fri Feb 14, 2014 11:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Low Debt/Low Income; Looking to get ahead!
Replies: 17
Views: 1834

Re: Law School Student Loan Refinancer?

I was just talking to some friends the other day who are also attorneys. Their complaint was that there are fewer options for attorneys than doctors in the realm of refinancing student loans. Perhaps this is because our job market is much shakier right now? In any event, one mentioned that he had so...
by Dulocracy
Fri Feb 14, 2014 11:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Law School Student Loan Refinancer?
Replies: 4
Views: 468

Re: Tax Free Municipal Bond Fund - Virginia

I do not know about their Virginia fund, but the T Rowe Price Georgia Tax-Free Bond fund came highly recommended to me. In candor, I have not yet purchased into it, so I have no personal experience to back up that recommendation.
by Dulocracy
Fri Feb 14, 2014 11:04 am
 
Forum: Investing - Help with Personal Investments
Topic: Tax Free Municipal Bond Fund - Virginia
Replies: 9
Views: 712

Re: Eligibility Requirements for solo 401k

My partner and I have a 401k for our employees. It is a safe harbor 401k, and it is set up to somehow allow us to profit share and/or give bonuses to ourselves. We have yet to do it, and I am not certain how it works, but my understanding is that we can cram a little over $50k in there. Again, I hav...
by Dulocracy
Thu Feb 13, 2014 7:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Eligibility Requirements for solo 401k
Replies: 6
Views: 502

Re: Retirement Investment Strategy - What would you do?

Note: Your wife is a stay-at-home mom. Does she have earned income? If she does not have earned income, she cannot contribute to a ROTH IRA. This limits your ability to invest in that way. Sell the condo. Let your parents buy you out of it if they want. You say that their saving for retirement will ...
by Dulocracy
Thu Feb 13, 2014 6:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement Investment Strategy - What would you do?
Replies: 14
Views: 1901

Re: What to do when your in-laws run out of money?

I think you are confusing Medicare (an insurance program) with Medicaid (welfare). I believe it is Medicaid that takes over. And they do have a "look back" period for gifting of assets but I would think sale of an asset is OK as long as it is at a market price. Good luck You have to be ca...
by Dulocracy
Thu Feb 13, 2014 5:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: What to do when your in-laws run out of money?
Replies: 22
Views: 3472

Re: What to do when a parent's money runs out?

Go through her finances. Figure out how much money she is ACTUALLY short if she drops the bad habits. Lets say that turns out to be around $750. Find bills that equate to $750 (Mortgage, electricity, water, insurance, etc.). Tell her you can pay those bills for her. As inflation hits, she will get s...
by Dulocracy
Thu Feb 13, 2014 5:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: What to do when a parent's money runs out?
Replies: 135
Views: 15229

Re: What percentage should be in High Yield AKA "Junk" bonds

That looks like a substantial improvement in return (especially in real terms) over total bond market without a dramatic increase in std dev. Unfortunately, you need to consider when that risk shows up. Again, look at 2008-2009 - that fund dropped exactly when you needed it to be steady. High-quali...
by Dulocracy
Thu Feb 13, 2014 3:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: What percentage should be in High Yield AKA "Junk" bonds
Replies: 32
Views: 2105

Re: Young Professional- Advice- Retirement v. Student Loans

Again, please note the potential reversal of my 4 and 5. If you are going to soon have a big boost in income such that you will be able to pay off the student loan debt, put the money into the 401k first. This is not my advice if you will be paying on it for years, but if you can quickly pay it off,...
by Dulocracy
Thu Feb 13, 2014 3:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Young Professional- Advice- Retirement v. Student Loans
Replies: 13
Views: 1166

Re: Are REITs still overvalued, as they were in 2013?

I believe they are still over-valued. Therefore, I will continue to purchase exactly as much as my written investment plan states. That way, when they are undervalued, I will be able to purchase exactly as much as my written investment plan states. Since some assets may be undervalued, I am buying e...
by Dulocracy
Thu Feb 13, 2014 3:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Are REITs still overvalued, as they were in 2013?
Replies: 44
Views: 3344

Re: Estate Planning- Attorney fees $5.5K

I would concur with J295, and would urge you away from freebeer's comment. As an attorney, I will tell you that the type of estate planning that you are talking about is much more complicated than should be done with a packet. I have seen clients spend thousands of dollars more after a death to fix ...
by Dulocracy
Thu Feb 13, 2014 3:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Estate Planning- Attorney fees $5.5K
Replies: 34
Views: 3924

Re: 29-yr old starting to invest

1) Yes and no. My only concern is having a fund that will increase its bond holdings in an account that is taxable. Long term, are you going to become a permanent resident or a citizen? If so, I would put the money 70% total stock market and 30% total international. Later, when you have tax advantag...
by Dulocracy
Thu Feb 13, 2014 1:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: 29-yr old starting to invest
Replies: 5
Views: 727

Re: the sky is about to fall!

http://ei.marketwatch.com/Multimedia/2014/02/10/Photos/MG/MW-BU310_scary__20140210132547_MG.jpg?uuid=d13c2b42-9280-11e3-9759-00212803fad6 This is a work of ephemeral genius, and I'd guess fewer than 10% of readers spotted it. Look at the scales: they're equating a 5% drop this year with a 15% drop ...
by Dulocracy
Thu Feb 13, 2014 1:03 pm
 
Forum: Investing - Theory, News & General
Topic: [MarketWatch: Scary 1929 market chart gains traction]
Replies: 43
Views: 4440

Re: What percentage should be in High Yield AKA "Junk" bonds

0%. Get your risk in equities. If you feel that you need more risk, weight more to equities. Once you find that weight, I think that you are playing with fire to put something called "junk" in the area where you are looking for the highest quality and stability.
by Dulocracy
Thu Feb 13, 2014 1:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: What percentage should be in High Yield AKA "Junk" bonds
Replies: 32
Views: 2105

Re: POLL: Is someone in your family a member of this Forum?

I answered no because the question was about family. My wife trusts me and will follow where I take us. If something were to happen to me, however, she would be here. She is a smart cookie. Right now, she is focusing time and energy on other aspects of our lives. We tend to assign portions of our li...
by Dulocracy
Thu Feb 13, 2014 12:58 pm
 
Forum: Personal Consumer Issues
Topic: POLL: Is someone in your family a member of this Forum?
Replies: 36
Views: 1908

Re: POLL: Do you do your own taxes?

If I did not share ownership in a law firm, I would do my own taxes. Because of the complexity, it is worth it to me to have a CPA.
by Dulocracy
Thu Feb 13, 2014 12:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Do you do your own taxes?
Replies: 54
Views: 3112
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