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Re: Random life events

Got a job working in a retail bank environment out of high school, did not want to ever emulate the behaviors I saw customers do. Never wanted to spend my retirement depending on assistance, from anyone! I was always a saver, but that really sparked something more.
by Grt2bOutdoors
Tue Nov 25, 2014 4:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Random life events
Replies: 4
Views: 435

Re: Avoiding lifestyle creep

You're kids are going to like this suggestion - take $100 and go to a family day out to the movies! Save up some money, when your kids are a little older take a trip to Disneyworld. The rest you can invest as you like (I vote for building up your taxable account - for car, kids, whatever. That is a ...
by Grt2bOutdoors
Tue Nov 25, 2014 12:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Avoiding lifestyle creep
Replies: 20
Views: 1661

Re: why do individual investors buy overpriced stocks

Call me op That is exactly the behavioral argument, people overpay for growth stocks persistently. And the biggest anomaly is small unprofitable companies Larry That being the case, why bother with Total Market funds? I know you advocate value funds, but why would a mutual fund complex offer a &quo...
by Grt2bOutdoors
Tue Nov 25, 2014 11:09 am
 
Forum: Investing - Theory, News & General
Topic: why do individual investors buy overpriced stocks
Replies: 4
Views: 455

Re: Been out of market since 2008 and can't get back in

50/50 Equities/Fixed 15% S&P 500 15% Small Value 10% Total International 10% Ftse All World-Ex US 50% Short-term Bond Index or Total Bond Market Index (if you don't want to play the rate guessing game or if you do). Re-balance once per year, keep feeding it with contributions. 5 funds or make it...
by Grt2bOutdoors
Tue Nov 25, 2014 10:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Been out of market since 2008 and can't get back in
Replies: 30
Views: 1980

Re: Please help correct my early path to retirement

I looked up my own returns for comparison to yours. My averaged returns: 10 year 6.6%, 5 year 11.9%, 3 year 13%, 1 year 9.6% and I have been at 80/20 or more recently 70/30. Are you sure your average annual returns have been 10.2% With those fees, that would mean even higher growth to have that lev...
by Grt2bOutdoors
Tue Nov 25, 2014 8:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Please help correct my early path to retirement
Replies: 10
Views: 1072

Re: What do you splurge on?

Deer hunting. This just isn't a hobby, it's a lifestyle. It includes the cost of: leased property, a camp, driving 300 miles round trip to said property every weekend during season (and a few out of), ATV, needing a full size 4X4 truck (and it's associated expenses), firearms, safe, a wardrobe of c...
by Grt2bOutdoors
Tue Nov 25, 2014 8:36 am
 
Forum: Personal Consumer Issues
Topic: What do you splurge on?
Replies: 138
Views: 7763

Re: 27 year old novice trying to get my ducks in a row

Hello and welcome to the forum! I'll let the others speak to Question 1. How much are the gains/losses in each of those fund holdings you have in taxable? That is an unwieldy amount of funds to be holding, who designed that plan for you? More funds does not equal more diversification, it just means ...
by Grt2bOutdoors
Mon Nov 24, 2014 8:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: 27 year old novice trying to get my ducks in a row
Replies: 9
Views: 836

Re: Huge salary increase...looking for guidance

When you get to $12 million in net capital saved, you can hang it up, that will afford you a $300K a year gross income for life, however if it is 300K net income desired, you will need quite a bit more saved. If you let the moneychangers near your money, it will take you that much longer to get ther...
by Grt2bOutdoors
Mon Nov 24, 2014 8:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Huge salary increase...looking for guidance
Replies: 26
Views: 2922

Re: Huge salary increase...looking for guidance

How hard or easy was it for you to earn a $3MM salary? What's the difference between $3MM and $300K or $30MM for instance, just a couple of zeros. Nothing more. Advice beyond plain ole stock/bond indexes, then read below...... Hedge fund is a vehicle designed to transfer money from your wallet into ...
by Grt2bOutdoors
Mon Nov 24, 2014 8:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Huge salary increase...looking for guidance
Replies: 26
Views: 2922

Re: Appropriate amount of term life insurance

Definitely look into SS before buying term insurance. It turns out that my wife and kids would recieved 75% of my take home pay just from SS if I were to croak. Might only need enough to cover the mortgage in reality. Is your income $120K gross? SS is not going to cover 75% of take-home pay for a p...
by Grt2bOutdoors
Mon Nov 24, 2014 7:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Appropriate amount of term life insurance
Replies: 10
Views: 922

Re: Investing options for my child

Remember that any money in a UTMA type account significantly affects financial aid qualification. That may not be relevant but if they are the heir in your estate anyway there is no need to put the money into a special account in your child's name . Laura That defeats the purpose of what the OP is ...
by Grt2bOutdoors
Mon Nov 24, 2014 4:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing options for my child
Replies: 7
Views: 365

Re: Investing options for my child

Mutual funds in a taxable account - Total Stock Market + Int. Tax Exempt Bond. +1, with a slight modification - 3 fund portfolio when you have the funds, otherwise would start out with Total Stock Market Index first, then add International Stock Index, then Int. Tax Exempt bond and/or total bond ma...
by Grt2bOutdoors
Mon Nov 24, 2014 4:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing options for my child
Replies: 7
Views: 365

Re: Looking for a career playing to these strengths

Do some research on strategic planning in business. Difficult to get those jobs without an MBA, preferably from a top 10 school, though not impossible. Another career utilizing those skills would be within a firm's financial planning and analysis department, mergers and acquisitions in a corporate ...
by Grt2bOutdoors
Mon Nov 24, 2014 4:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Looking for a career playing to these strengths
Replies: 4
Views: 504

Re: Girlfriend with a LOT of Student debt.

humbledinvestor wrote:Run! Run fast!!!!


You were a lot more blunt than I was. :)
by Grt2bOutdoors
Mon Nov 24, 2014 2:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Girlfriend with a LOT of Student debt.
Replies: 134
Views: 8347

Re: Girlfriend with a LOT of Student debt.

I don't wish to sound "cold" or "impersonal" about this but the trend is your friend. Right now, it's waving a big yellow caution sign if you have any intentions of making a more permanent arrangement here. I think you already know this or you would not have posted it up here. Yo...
by Grt2bOutdoors
Mon Nov 24, 2014 2:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Girlfriend with a LOT of Student debt.
Replies: 134
Views: 8347

Re: 32 year old amateur investor looking for retirement advi

First of all, I want to say thank you for this great site! I find it crazy how Americans are just suppose to inherently know how to invest for their own retirement. This site greatly helps take out some of the guess work! Here's my story- I'm 32 and self-employed. I was fortunate that my dad always...
by Grt2bOutdoors
Mon Nov 24, 2014 12:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: 32 year old amateur investor looking for retirement advice
Replies: 10
Views: 771

Re: What would be the investing strategy for a coming crash?

Inverse ETF's - Double short the market with 25% of your portfolio, if you really believer you will be on the winning side of the trade.
However, if things go the other way, you will need a (big) bottle of Kentucky Bourbon to soothe your spirits. :D
by Grt2bOutdoors
Mon Nov 24, 2014 9:05 am
 
Forum: Investing - Theory, News & General
Topic: What would be the investing strategy for a coming crash?
Replies: 79
Views: 6063

Re: Saving Strategy For a Young Person?

I think I get the simple message here: For the young person: 1. Do the Roth IRA. 2. Do the regular 401k up to the allowed (tax deductible) maximum. 3. Wait until next year, and repeat. Do not make after-tax contributions to a 401k, unless you know there is an escape to a Roth . Is that about right?...
by Grt2bOutdoors
Mon Nov 24, 2014 9:01 am
 
Forum: Investing - Theory, News & General
Topic: Saving Strategy For a Young Person?
Replies: 17
Views: 1471

Re: What percent "Boglehead" are you?

I first estimated 70%, now using the Nisprius system let me re-evaluate that score: 1 Develop a workable plan - 10 (I save a-lot, I invest most of it.) 2 Invest early and often - 10 (I've been saving since age 16 - my first job as little as that was back then, didn't start investing til I was 20) 3 ...
by Grt2bOutdoors
Mon Nov 24, 2014 8:55 am
 
Forum: Investing - Theory, News & General
Topic: What percent "Boglehead" are you?
Replies: 112
Views: 5520

Re: How to Plan for an Unknown Future

As an engineer you should know to read the reports before making assumptions. Your question of "will Social Security be there for me" indicates you haven't read the report that is put out annually by the Social Security trustees. As of 2034, folks can count on 75% of their benefits accrued...
by Grt2bOutdoors
Mon Nov 24, 2014 8:27 am
 
Forum: Investing - Theory, News & General
Topic: How to Plan for an Unknown Future
Replies: 23
Views: 1733

Re: article in todays WSJ--stocks are risky even for millenn

Well, here's one millennial who has been happy plugging along with an all-stock portfolio since 2007... Why are my compatriots hoarding so much cash? Holding 50% of your portfolio in cash (as an accumulator) is the financial equivalent of hitting yourself in the face with a brick twice a week. You ...
by Grt2bOutdoors
Mon Nov 24, 2014 8:15 am
 
Forum: Investing - Theory, News & General
Topic: article in todays WSJ--stocks are risky even for millennials
Replies: 20
Views: 3353

Re: A week in Tuscany: April 2015. Suggestions?

Drink....heavily. :happy
by Grt2bOutdoors
Sat Nov 22, 2014 3:06 pm
 
Forum: Personal Consumer Issues
Topic: A week in Tuscany: April 2015. Suggestions?
Replies: 22
Views: 1429

Re: What percent "Boglehead" are you?

70% :happy
My strikes are: holding individual equities and aghast! actively managed funds (some are zero choice - only thing offered in retirement plans :annoyed ).
by Grt2bOutdoors
Sat Nov 22, 2014 11:49 am
 
Forum: Investing - Theory, News & General
Topic: What percent "Boglehead" are you?
Replies: 112
Views: 5520

Re: Proposed Lifetime Retirement Investment Approach

I'm intrigued by the recency bias comment. Whatever the opposite of recency bias is, that's what I suffer from. When I started investing for retirement in 1987 (age 32), I went 100 percent into US and international equities; no bonds. I've stuck with that approach, except I've more recently adding ...
by Grt2bOutdoors
Sat Nov 22, 2014 9:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Proposed Lifetime Retirement Investment Approach
Replies: 28
Views: 2276

Re: If You Can Free Again, Starting Tomorrow

Thanks, Bill. I'm going to forward the link to a few folks I know who will take your advice.
by Grt2bOutdoors
Sat Nov 22, 2014 9:31 am
 
Forum: Personal Finance (Not Investing)
Topic: If You Can Free Again, Starting Tomorrow
Replies: 4
Views: 1505

Re: 15 vs 30 mortgage on a condo I plan on renting after 5 y

I only have one word of advice, have you viewed the condo associations finances? You want to make sure they have a sufficient level of reserves to cover any unexpected repairs/replacements. Let me give you an example, I have an involuntary condo landlord, the market for sales is not the best and we ...
by Grt2bOutdoors
Sat Nov 22, 2014 9:28 am
 
Forum: Personal Finance (Not Investing)
Topic: 15 vs 30 mortgage on a condo I plan on renting after 5 years
Replies: 14
Views: 913

Re: 529 Plan - when to stop contributing?

How is the plan currently allocated? What are your investment options? How much are you currently contributing, if anything? What does 4 years of flagship state university cost today? Any plans for a)future offspring and b)graduate school for either your child or parents at future date in future? Ot...
by Grt2bOutdoors
Fri Nov 21, 2014 4:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: 529 Plan - when to stop contributing?
Replies: 15
Views: 1605

Re: 3 Fund Portfolio vs. VWINX

I think VWINX is a great example of a self-fulfilling prophecy. Because of its past performance folks really love it. That keeps attracting new assets and new buyers which helps support the prices of the things the managers buy which keeps the cycle going. I suppose there is nothing wrong with that...
by Grt2bOutdoors
Fri Nov 21, 2014 3:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: 3 Fund Portfolio vs. VWINX
Replies: 10
Views: 1087

Re: Eliminating my tip fund~alternatives?

Read Larry Swedroe's book on Bonds. Also, this ----> viewtopic.php?f=10&t=151345
by Grt2bOutdoors
Fri Nov 21, 2014 3:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Eliminating my TIPS fund~alternatives?
Replies: 12
Views: 1057

Re: Low cost HSA and 529 for 21 year old

I do think there are some self-directed accounts such as the HSA Bank account with TD Ameritrade. I'm really just looking for the lowest cost provider that will not need the letter. I believe my state does allow me to deduct $5k from my state and possibly city taxes, but I think the benefit ends up...
by Grt2bOutdoors
Fri Nov 21, 2014 3:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Low cost HSA and 529 for 21 year old
Replies: 5
Views: 512

Re: 3 Fund Portfolio vs. VWINX

You are not making an apples to apples comparison with your index vs. active portfolio. Here are some of the key differences: Total Stock Market index is a blend of value and growth equities, large, small and midcap. Wellesley is 100 of the largest value stocks in the S&P 500. It holds no small ...
by Grt2bOutdoors
Fri Nov 21, 2014 2:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: 3 Fund Portfolio vs. VWINX
Replies: 10
Views: 1087

Re: Paid off our Mortgage this evening!

Congrats & well done. I am firmly in the invest > pay down camp - if the #s make sense (mort rate, tax, AA) . However, if one does not like that option then aggressively paying down the mortgage makes sense. The key as others have stated is to use the new cash flow to invest now. This behaviora...
by Grt2bOutdoors
Fri Nov 21, 2014 2:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paid off our Mortgage this evening!
Replies: 75
Views: 7525

Re: Paid off our Mortgage this evening!

I congratulate the financial goal achieved. That is the main point to be celebrated. I don't believe in the paid-off mortgage as the new status symbol of choice, but I do believe in making financial goals happen. I didn't know it was suddenly fashionable to own the shelter over one's head? Perhaps ...
by Grt2bOutdoors
Fri Nov 21, 2014 2:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paid off our Mortgage this evening!
Replies: 75
Views: 7525

Re: Donating for a specific family

My wife and I donated funds to a church for a specific family in need in our town. Because we specified who the funds were to go to, the church treasurer said he would not give us a letter stating our donation was tax deductible. Perfect. Is there a way we can donate to specific families in need an...
by Grt2bOutdoors
Fri Nov 21, 2014 2:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Donating for a specific family
Replies: 43
Views: 2549

Re: 529 Plan - when to stop contributing?

Even if you assume the children will attend an in-state public school, there are many unknowns: 1) how many years will they be in college 2) how much will that state school cost in 10+ years 3) the rate of growth for the investments over that period of time Certainly don't want to over contribute. ...
by Grt2bOutdoors
Fri Nov 21, 2014 2:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: 529 Plan - when to stop contributing?
Replies: 15
Views: 1605

Re: Proposed Lifetime Retirement Investment Approach

I'm not sure I understand the proposal entirely, what I'm getting is that from age 25-40, 100% stocks + mostly Roth tax sheltered investing, from age 40+ invest new money in bonds so you gradually get bonds. It seems like this is just a weird glide slope, is there some particular reason that this g...
by Grt2bOutdoors
Fri Nov 21, 2014 12:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Proposed Lifetime Retirement Investment Approach
Replies: 28
Views: 2276

Re: Proposed Lifetime Retirement Investment Approach

I like the Rip Van Winkle approach - 100% in the Balanced Index fund, and let it ride from age 20 to whatever. Come hell or high-water, they shouldn't be eating Alpo for dinner under a bridge. The key to retirement is the ability to defer consumption by saving and investing after establishing a safe...
by Grt2bOutdoors
Fri Nov 21, 2014 12:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Proposed Lifetime Retirement Investment Approach
Replies: 28
Views: 2276

Re: What doyou splurge on?

Wine - when I get the itch. Lately, I've been drinking it down, as the best time to enjoy it is in the presence of family and friends. Chocolate - when a regular Hershey's bar just won't do. Clothing - I like to buy quality that will last for years and years....and least that's how I justify spendin...
by Grt2bOutdoors
Fri Nov 21, 2014 12:17 pm
 
Forum: Personal Consumer Issues
Topic: What do you splurge on?
Replies: 138
Views: 7763

Re: Standard questions on found stock certificate

ps. do I pay taxes on this stuff. If you sell the stocks, yes, long term capital gains taxes will apply, but only on the difference between the proceeds of your sale and the value the shares were worth on the day your husband died. (You can use something like yahoo finance to look up the historical...
by Grt2bOutdoors
Fri Nov 21, 2014 12:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Standard questions on found stock certificate
Replies: 10
Views: 475

Re: Low cost HSA and 529 for 21 year old

HSA accounts are not intended to be speculative, so futures are out, as are commodities, derivatives, exotic instruments. Your choices are usually 1940 act registered funds and a bank account. 529 plans will only offer registered mutual funds and bank accounts. No future in your futures either. :win...
by Grt2bOutdoors
Fri Nov 21, 2014 10:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Low cost HSA and 529 for 21 year old
Replies: 5
Views: 512

Re: 529 Plan - when to stop contributing?

4 years of full tuition and room&board (if necessary) for flagship state university in-state
In my state, that runs about $120K give or take right now :oops:
by Grt2bOutdoors
Fri Nov 21, 2014 8:17 am
 
Forum: Personal Finance (Not Investing)
Topic: 529 Plan - when to stop contributing?
Replies: 15
Views: 1605

Re: getting umbrella insurance

I have home and auto insurance with this company. I submitted answers to most all of these questions online and got a quote. But they will not complete the deal until I call and provide other unspecified information. Can't imagine what else they would ask. And so, you are hesitant because they are ...
by Grt2bOutdoors
Thu Nov 20, 2014 9:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: getting umbrella insurance
Replies: 25
Views: 1485

Re: getting umbrella insurance

You will have to have a minimum amount of coverage before the companies will write umbrella insurance. We had to up our maximums on both our car and house policies before we could buy the umbrella insurance. The cost of the umbrella insurance was dwarfed by the increases we had to pay in the house ...
by Grt2bOutdoors
Thu Nov 20, 2014 9:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: getting umbrella insurance
Replies: 25
Views: 1485

Re: Do I payoff my house or rentals?

That's what I was thinking. Paying my house first. Do you know any website in which I can learn more about the implications and consequences with the taxes once I pay off the house? I know right now that I can deduct the loan interest, however there is a phase out because of our income. So even tho...
by Grt2bOutdoors
Thu Nov 20, 2014 9:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I payoff my house or rentals?
Replies: 5
Views: 610

Re: New Young Investor & need advice

Your account is being aggressively pilfered by Schwab! Let me give you an example - if the average expense ratio of all the funds you currently hold costs 1.20%, that management fee of 0.90% is on top of that cost. Now, let's say the total market goes up by 6%, paraphrasing the words of John Bogle (...
by Grt2bOutdoors
Thu Nov 20, 2014 9:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Young Investor & need advice
Replies: 12
Views: 786

Re: getting umbrella insurance

gwe67 wrote:What questions will the insurance company ask? Just want to be prepared...


Do you have a criminal history of committing insurance fraud? Have you been sued before? What did you have for breakfast yesterday? Are you an habitual repeat offender of slander and libel?
by Grt2bOutdoors
Thu Nov 20, 2014 9:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: getting umbrella insurance
Replies: 25
Views: 1485

Re: Do I payoff my house or rentals?

Rentals offer certain tax benefits including deducting all expenses including interest along with depreciation, thereby reducing your accounting profit and taxes. Your home offers a tax deduction on interest paid - you pay a dollar and get back 33%, sound like a good deal? Pay off the home loan firs...
by Grt2bOutdoors
Thu Nov 20, 2014 9:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I payoff my house or rentals?
Replies: 5
Views: 610

Re: Question about California Teachers Pension

As a university professor let me add that good teachers are priceless. We get the output and we know what they started with. Oh, how true. I've had my fair share of poor and incompetent teachers that were protected by bargaining rights and so, were not culled from the good crop thereby perpetuating...
by Grt2bOutdoors
Thu Nov 20, 2014 4:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question about California Teachers Pension
Replies: 12
Views: 1214

Re: Taxable investing for lower dividends only?

Tax managed capital appreciation or tax-managed balanced index.
by Grt2bOutdoors
Thu Nov 20, 2014 4:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Taxable investing for lower dividends only?
Replies: 6
Views: 660

Re: New Young Investor & need advice

Jon - hello and welcome to the forum! I'd really like to help you out, as I'm sure most of the other posters would too, but we simply lack the time to type in all those symbols you provided, so to make it easier for us, can you please type out the names of each of the funds and their respective expe...
by Grt2bOutdoors
Thu Nov 20, 2014 4:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Young Investor & need advice
Replies: 12
Views: 786
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