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Pledged Asset Line (PAL) for home purchase

We (my wife and I) are selling our home and buying a new one - but we might not want to do it in that order. In fact, we expect to buy the new home before we sell the old one, simply because it's winter (a good time to buy) and we found a house we really like, and we do not want to sell our house un...
by GeorgePlaten
Fri Jan 24, 2014 2:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Pledged Asset Line (PAL) for home purchase
Replies: 4
Views: 392

Re: Windfall advice, please

I was in a similar position a little over a year ago and I will first say you will not find better advice than this board. Nothing else comes close. I ended up putting my "nest egg" with Portfolio Solutions. They charge about .3% per year - a bit above some other very low cost managers but...
by GeorgePlaten
Thu Jan 09, 2014 12:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Windfall advice, please
Replies: 18
Views: 1743

Re: Refinancing home

G-Money - thank you - I think your analysis makes a lot of sense. Essentially, before I take out debt to invest in the market, I should change my AA. Maybe I will :). As for $200k for renovation - it is not just renovation - we have some rot and some needed repairs. The goal is to put the house in s...
by GeorgePlaten
Mon Aug 05, 2013 5:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Refinancing home
Replies: 7
Views: 351

Refinancing home

We are currently debt free. We are doing some home renovation and would have to take some money (~$200K) out of our nest egg (~$4M) to pay for the renovations. Or we could refinance the house at 3.5% and use cash from that. We could also take out more than we actually need (say, $400K) and further l...
by GeorgePlaten
Mon Aug 05, 2013 2:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Refinancing home
Replies: 7
Views: 351

Re: Life insurance (whole) and other strategies

Thanks to everyone for your input. Life insurance was only one thing he mentioned - he says he has others (but did not elaborate - from his talk, the cds's might be in his quiver). But it seems there is little likelihood it makes sense for me. My distrust is not based on the fact that he's a sales g...
by GeorgePlaten
Wed Jun 05, 2013 9:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Life insurance (whole) and other strategies
Replies: 42
Views: 2050

Life insurance (whole) and other strategies

Hi Bogleheads, I met a money manager for lunch yesterday (out of politeness to a common connection) and he claimed that I had "significant downside risk" with my 50% equity/50% fixed income AA in a lazy portfolio that is spread over a small handful of (I think) well chosen ETFs and diversi...
by GeorgePlaten
Wed Jun 05, 2013 10:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Life insurance (whole) and other strategies
Replies: 42
Views: 2050

Re: to invest now or wait?

I had a windfall to invest last Fall. After spending a lot of time with Firecalc (firecalc.com - which I really recommend) I have come to the conclusion that timing does matter - a little. But it is not necessary to get in at the best time, only that you not get in at one the worst time (e.g., top o...
by GeorgePlaten
Wed May 22, 2013 11:58 am
 
Forum: Investing - Help with Personal Investments
Topic: to invest now or wait?
Replies: 27
Views: 3168

Re: After a passive portfolio is set up - what more to do?

OK. I'm game. I'll defend the other side: 1) The reason you hired the adviser was because you wanted someone else to manage your portfolio. 2) You say you don't need the adviser anymore - that is until something happens in your life or in the markets and you need advice again. 3) When you're dead, ...
by GeorgePlaten
Sat May 04, 2013 9:00 am
 
Forum: Investing - Help with Personal Investments
Topic: After a passive portfolio is set up - what more to do?
Replies: 36
Views: 2642

Re: After a passive portfolio is set up - what more to do?

Core5 - the answer is about .35%, which is not high. But the portfolio is large so it amounts to a low 5 figure annual fee - enough for a very nice vacation :^) I do not mind paying for value - I just don't see rebalancing as such a significant value that it is worth the price - as I see it, I can m...
by GeorgePlaten
Fri May 03, 2013 1:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: After a passive portfolio is set up - what more to do?
Replies: 36
Views: 2642

Re: After a passive portfolio is set up - what more to do?

Is it necessary to pay to be passive though?
by GeorgePlaten
Fri May 03, 2013 12:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: After a passive portfolio is set up - what more to do?
Replies: 36
Views: 2642

After a passive portfolio is set up - what more to do?

Hi Bogleheads, We invested a significant portion (about 2/3s) of our nest egg last year with a well-respected advisor that uses a minimalist approach and charges minimal fees. The AA is simple and, with some help from the market, it's been good to date (nothing like luck, of course). My question is ...
by GeorgePlaten
Fri May 03, 2013 12:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: After a passive portfolio is set up - what more to do?
Replies: 36
Views: 2642

Re: Short term returns for large amount of cash

For anyone reading this thread in the future who wants to know what we did: we put it all in a checking account at a private bank earning .45%. We are hoping to move it into short term munis or corporate bonds in the near future.
by GeorgePlaten
Fri Nov 09, 2012 9:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Short term returns for large amount of cash
Replies: 11
Views: 1244

Re: Short term returns for large amount of cash

Thanks - this is very helpful.
by GeorgePlaten
Mon Oct 22, 2012 1:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Short term returns for large amount of cash
Replies: 11
Views: 1244

Short term returns for large amount of cash

I am about to get a large amount of cash (>2m) and am looking for the highest rate I can get consistent with high principal protection and high liquidity since I am planning to invest it (and pay off a mortgage) within 3 months. My current checking and savings accounts only pay .05% (there is a high...
by GeorgePlaten
Mon Oct 22, 2012 11:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Short term returns for large amount of cash
Replies: 11
Views: 1244

Re: Cash from Sale of Company

I not only expect my retirement to be long - but it is unlikely to be a retirement in the classic sense. As jlj alludes to above, I am not the type who finds much satisfaction in passive pursuits. My definition of fun seems to produce wealth (in every sense, I hope), not consume it.
by GeorgePlaten
Tue Sep 25, 2012 7:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Cash from Sale of Company
Replies: 68
Views: 2428

Re: Cash from Sale of Company

I can assure you that I learned a lesson with this conversation - don't answer personal posts! Rick Ferri I second the objection. I can assure you your comments have been very valuable to me; your perspective seems to be that of an entrepreneur, so that makes sense. I greatly value the back-and-for...
by GeorgePlaten
Mon Sep 24, 2012 2:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Cash from Sale of Company
Replies: 68
Views: 2428

Re: Cash from Sale of Company

Hearty congratulations to you, OP George, for developing and selling a successful business. The posts have diverged into discussion of withdrawing rates. Having just sold two businesses, with less value than yours, may I suggest you also consider the following. These points may be too simplistic fo...
by GeorgePlaten
Mon Sep 24, 2012 2:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Cash from Sale of Company
Replies: 68
Views: 2428

Re: Cash from Sale of Company

Again, I am truly grateful for the continued contributions and discussions - I am learning a lot here (as I catch up on the acronyms of the business). I took Johm221122's poll and of course I am in the minority (over 4.5%) - but that is expected. I have a high tolerance for risk, appropriately match...
by GeorgePlaten
Mon Sep 24, 2012 11:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Cash from Sale of Company
Replies: 68
Views: 2428

Re: Cash from Sale of Company

Thanks to all for the vigorous (and respectful) discussion - I find this exchange highly valuable. Rick is correct in assuming I am planning to spend less over time. I took this out of my last follow up: If we die "early" (which as far as I am concerned is "ever" :^), they will g...
by GeorgePlaten
Sun Sep 23, 2012 10:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Cash from Sale of Company
Replies: 68
Views: 2428

Re: Cash from Sale of Company

Thank you - excellent question: None. I have heard you can't take it with you ;^). We will do financial planning to ensure our passing is not a burden, and support them in their business ventures with the occasional emergency loan as my parents did for me. As I see it, we are there to make sure that...
by GeorgePlaten
Sun Sep 23, 2012 8:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Cash from Sale of Company
Replies: 68
Views: 2428

Re: Windfall

Thanks - very helpful links. I had read (and have now reread) the Bogleheads Wiki on Windfalls, and some of these other links as well. Again, thanks. Note - I have changed the subject of the thread: "Windfall" was probably not a good word to use - (it's hard to find do a query to find info...
by GeorgePlaten
Sun Sep 23, 2012 8:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Cash from Sale of Company
Replies: 68
Views: 2428

Cash from Sale of Company

I expect to complete the sale of my business in the next month, and will receive a substantial windfall. Having only invested in my own company, I have never been in the position of investing in the market or elsewhere (I have no stocks, no bonds, no gold, and my $100k IRA is not material at this po...
by GeorgePlaten
Sun Sep 23, 2012 4:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Cash from Sale of Company
Replies: 68
Views: 2428

Re: Software/website for portfolio research/management

So far I have not made any progress. Tradestation, at 250 a month, is a bit pricey! I cannot afford to "try" it at the moment. ETFreplay is just a frustrating website. It has matrix that shows differences between the $30/month version and the Free version, but no way to sign up for the fre...
by GeorgePlaten
Mon Jul 16, 2012 8:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Software/website for portfolio research/management
Replies: 6
Views: 663

Re: Software/website for portfolio research/management

Thanks Ranger I will check them out and report back. Thanks for the help getting started here Alex.
GP
by GeorgePlaten
Wed Jul 11, 2012 9:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Software/website for portfolio research/management
Replies: 6
Views: 663

Software/website for portfolio research/management

I am experimenting with various portfolio strategies and was looking for software or a website that would allow me to create a list of stocks and then get historical prices from one date to another. I have looked at a number of websites (including TD Ameritrade, Foliofn, Portfolio Director to name a...
by GeorgePlaten
Sun Jul 08, 2012 11:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Software/website for portfolio research/management
Replies: 6
Views: 663

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