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Re: Investments for Kids

I use Total Stock Market Index and Total International Index for my child's UTMA account. Another good choice may be a fund like Lifestrategy Growth - set it and forget it.
by Grt2bOutdoors
Sat Aug 30, 2014 8:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investments for Kids
Replies: 15
Views: 956

Re: milestones, skepticism, wealth creation. A thought

I read about your ratio, but thought of another one that might indicate something. The ratio I thought of comes from one's tax return: Line 9a / Line 8a That would Taxable Ordinary Dividends / Taxable Interest. Here is my thinking on this: If one is saving a lot, then they will have maxed out their...
by Grt2bOutdoors
Fri Aug 29, 2014 12:55 pm
 
Forum: Investing - Theory, News & General
Topic: milestones, skepticism, wealth creation. A thought
Replies: 15
Views: 1653

Paper: Let's Save Retirement

Here's the link to a report that was recently published comparing the US Retirement System to the Australian Superannuation program. It also discusses how pension plans from the best funded countries work.

http://papers.ssrn.com/sol3/papers.cfm? ... wnload=yes
by Grt2bOutdoors
Fri Aug 29, 2014 11:10 am
 
Forum: Investing - Theory, News & General
Topic: Paper: Let's Save Retirement
Replies: 0
Views: 370

Re: Poor Janus, a look at this once high flying fund family

Brings back memories of my pre-boglehead days. :oops: Janus Fund, Janus Twenty, Janus Worldwide. Also Lindner Dividend Fund, Scudder International, Financial Industrial Income Fund. You have to be of a certain age to have even heard of these funds. :wink: The Financial funds! - now they are Invesco.
by Grt2bOutdoors
Fri Aug 29, 2014 10:09 am
 
Forum: Investing - Theory, News & General
Topic: Poor Janus, a look at this once high flying fund family
Replies: 58
Views: 5302

Re: Poll: How many own zero/few stocks?

I hold index funds and individual equities (many). My retirement money is in index funds (the vast majority of assets). Don't take risk with more than you can afford to lose. I have had winners, and outright losers - the winners more than made up for the losers, but things can change on a dime, incl...
by Grt2bOutdoors
Fri Aug 29, 2014 9:56 am
 
Forum: Investing - Help with Personal Investments
Topic: [Sell off individual stocks?] How many own zero/few stocks?
Replies: 68
Views: 2662

Re: Index Stategy Question

What did your finance professor recommend as sources?
by Grt2bOutdoors
Fri Aug 29, 2014 9:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Index Stategy Question
Replies: 10
Views: 632

Re: Poor Janus, a look at this once high flying fund family

Janus fund holders would have done much much better if they had just liquidated and purchased the parent company's stock - Kansas City Southern (KSU).
by Grt2bOutdoors
Fri Aug 29, 2014 9:25 am
 
Forum: Investing - Theory, News & General
Topic: Poor Janus, a look at this once high flying fund family
Replies: 58
Views: 5302

Re: A Low-Return Future? Are We Prepared?

Remain calm! All is well! There are a number of ways around lower returns, all of which requires some level of sacrifice: save more, lower your expectations of what retirement may look like, work longer, reduce consumption now. I expect this will work for the majority of Bogleheads, it will not work...
by Grt2bOutdoors
Thu Aug 28, 2014 7:48 pm
 
Forum: Investing - Theory, News & General
Topic: A Low-Return Future? Are We Prepared?
Replies: 143
Views: 7949

Re: My husband's " WILL", $ left for me to live on....

Divorce is not an option for me because beside this money matter, everything is just fine. But he is always has been very cautious with his money. As few people mentioned here, another option for me to go back to work and save. But there is a "but"....If I go back to work, he will expect ...
by Grt2bOutdoors
Thu Aug 28, 2014 3:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 16663

Re: My husband's " WILL", $ left for me to live on....

InvestorNewb wrote:No offense, but are we being trolled? Is this post legit? :?:


If we are, I just used my 10,000th post on recommending a divorce attorney's services. :D
by Grt2bOutdoors
Thu Aug 28, 2014 3:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 16663

Re: My husband's " WILL", $ left for me to live on....

You will have 1.1 million (current value) in assets at your husband's death if the will is distributed as written. 500,000 house 100,000 CD 100,000 estate 200,000 life insurance 200,000 life insurance child There are many options for you. Reverse mortgage, Sell house, invest proceeds and rent, part...
by Grt2bOutdoors
Thu Aug 28, 2014 3:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 16663

Re: My husband's " WILL", $ left for me to live on....

cashinstinct wrote:He talks about government assistance for you and your child that you had together ... with his 7 M$ net worth ?

+1 on marital counseling / frank discussion.


Better than that - divorce attorney! After the courts are done with him, especially with minor in picture..........
by Grt2bOutdoors
Thu Aug 28, 2014 3:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 16663

Re: Help wanted: After 20+ years finally looking at expenses

The current portfolio as shown has a significant amount of overlap - two equity and income funds?, three balanced funds, a sector fund (materials), two tax-free funds. Not sure what the reasoning was to create such a complicated portfolio. This could be considered normal if there are different kind...
by Grt2bOutdoors
Thu Aug 28, 2014 3:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help wanted: After 20+ years finally looking at expenses
Replies: 13
Views: 1786

Re: Mortgages and financial freedom

Where I live, on Long Island, property taxes and insurance is more than 50% of my total mortgage payment. So paying off my mortgage principal would still leave me with around $2000 month payment for taxes and insurance. Ouch... Here in Kansas City, I went from paying $3000 a month for everything, t...
by Grt2bOutdoors
Thu Aug 28, 2014 1:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgages and financial freedom
Replies: 111
Views: 6676

Re: What's "The Herd" doing today?

They are buying utilities at 22x earnings for a 3% growth rate. Source - water cooler talk about specific "growth stocks". :oops: They are going for yield buying natural resource production master limited partnerships with 12% yields. Source: two of my relatives. :o They are waiting for th...
by Grt2bOutdoors
Thu Aug 28, 2014 12:50 pm
 
Forum: Investing - Theory, News & General
Topic: What's "The Herd" doing today?
Replies: 52
Views: 3415

Re: I have 1M in Vanguard. Start Diversifying to Real Estate

I am 29 years old, and I currently have a 65 stock 45 bond asset allocation on my Vanguard portfolio. I have a business that earns a low-mid 6 figure income, and should run for at least 3 more years. I am aiming for retirement if I can hit 4M in my portfolio. We have recently sold our house for $40...
by Grt2bOutdoors
Thu Aug 28, 2014 12:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: I have 1M in Vanguard. Start Diversifying to Real Estate?
Replies: 40
Views: 5088

Re: Help wanted: After 20+ years finally looking at expenses

You will get maximum feedback from others on the forum if you state what advice you like to receive and list how your portfolio is structured by percentages of each fund held. I can assure you of this, no one is going to like the fees you listed. The current portfolio as shown has a significant amou...
by Grt2bOutdoors
Thu Aug 28, 2014 12:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help wanted: After 20+ years finally looking at expenses
Replies: 13
Views: 1786

Re: Taking control now; please look at my current fund lineu

Hello and welcome to the forum! What are your gains and losses in those funds? Frankly, I think it's ridiculous to be paying a 12-b-1 fee not to mention some of those expense ratios for the funds themselves are a bit high. But then to add insult the adviser charges you on top of it! I hope you were ...
by Grt2bOutdoors
Thu Aug 28, 2014 11:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Help wanted: After 20+ years finally looking at expenses
Replies: 13
Views: 1786

Re: Your thoughts on farmland values

Last night I saw a program whose topic just so happened to involve the farmers in the northern part of the US that are unable to get their crops to market courtesy of CP and BNSF railroads which have a 13 week backlog of getting railcars out to the farmers. :o So much for operational efficiency. Why...
by Grt2bOutdoors
Thu Aug 28, 2014 9:41 am
 
Forum: Investing - Theory, News & General
Topic: Your thoughts on farmland values
Replies: 29
Views: 2381

Re: How to safely sell a big ticket item online

rsterbal wrote:It seems like asking to see a state issued ID in conjunction with these plans might be appropriate.


Those can be forged too! Though in my state drivers licenses are issued with background holograms of the state seal and a chip.
by Grt2bOutdoors
Thu Aug 28, 2014 9:29 am
 
Forum: Personal Consumer Issues
Topic: How to safely sell a big ticket item online
Replies: 38
Views: 1929

Re: How to safely sell a big ticket item online

After reading about all these "scams" of how people try to con others out of money, goods, services :shock: :shock: , this world has really gone to the pits......
by Grt2bOutdoors
Thu Aug 28, 2014 9:28 am
 
Forum: Personal Consumer Issues
Topic: How to safely sell a big ticket item online
Replies: 38
Views: 1929

Re: Hit a financial milestone at an age milestone

I must say I hadn't quite expected the last batch of replies which include a bit of skepticism. Feel free to believe or not believe any of it. 17.5K 401k 35K 403b/457 (no match) 24K taxable investment (2K/month) 11K Roth IRAs AGI: 150K Taxable income (line 43): 110K Federal Tax: 18K Effective Tax: ...
by Grt2bOutdoors
Thu Aug 28, 2014 9:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Hit a financial milestone at an age milestone
Replies: 50
Views: 4880

Re: Hit a financial milestone at an age milestone

There isn't anything that I could add except CONGRATS. You made no mistakes and even your one individual stock was a gem. Perfect family, both working steadily and controlling spending, house in California, thinking and LIVING frugally, and socking it away. I have learned in this long life, that it...
by Grt2bOutdoors
Thu Aug 28, 2014 9:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Hit a financial milestone at an age milestone
Replies: 50
Views: 4880

Re: AA of 60/40 for your Lifetime?

I think a legitimate argument could be made. It seems to me that the more you can save the less need their is to have a high allocation to stocks. I kind of wonder about individuals who have six figure salaries, can save 20%+ of their earnings annually, and still have 90-100% of their investments i...
by Grt2bOutdoors
Wed Aug 27, 2014 1:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA of 60/40 for your Lifetime?
Replies: 27
Views: 2303

Re: Savers vs. Spenders: Default Mode

I think it's hard for most people to save because most people just don't make that much money. In my opinion, saving is more of a privilege than a norm. Ever experienced deprivation? Deprivation of food, heat, comfort, health care? Which is harder on the soul and body? saving or being deprived due ...
by Grt2bOutdoors
Wed Aug 27, 2014 1:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Savers vs. Spenders: Default Mode
Replies: 34
Views: 2185

Re: Mortgages and financial freedom

I have been debt free for a number of years now. Long before I learned how to invest properly. . When I owe money, there are extra restrictions placed on my life. I have chosen to eliminate those restrictions. That increases my freedom. I don't think it has much impact on my financial freedom becau...
by Grt2bOutdoors
Wed Aug 27, 2014 12:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgages and financial freedom
Replies: 111
Views: 6676

Re: Help with specific COL calculations: Midwest vs Coastal

$1,500 per month rent? What size apartment are you considering? Let me put it into context for you using your live in NJ work in NYC example. You could rent a 1 bedroom apartment/studio in Hoboken, NJ if you want a cosmopolitan lifestyle, easy 20 minute train ride to NYC but there is literally no pa...
by Grt2bOutdoors
Wed Aug 27, 2014 11:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Help with specific COL calculations: Midwest vs Coastal City
Replies: 11
Views: 625

Re: Leaving Ameriprise

You need to ask yourself if you really want 'Friends' like this anyway. :? From the advisor's perspective she's offering them a valuable service and Gnirk is making a mistake moving away (we may know better but she doesn't). She's not berating Gnirk or trying to make him feel bad... but she does fe...
by Grt2bOutdoors
Wed Aug 27, 2014 10:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Leaving Ameriprise
Replies: 10
Views: 1086

Re: Hit a financial milestone at an age milestone

2.2 million by age 40, with two kids, and international vacations? Head spinning... 200K in annual income is a substantial number....the average income is $56K, they are 3.5x that figure. A great accomplishment on their part :sharebeer but you have to view this in proper context. The amount you acc...
by Grt2bOutdoors
Wed Aug 27, 2014 10:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Hit a financial milestone at an age milestone
Replies: 50
Views: 4880

Re: 401(k) question - lawyer/oil and gas worker/airline empl

Lawyer - employer contributes 2% to my 401k. I have access to vanguard admiral funds. I don't know what else is available. I have heard from clients in the oil and gas industry that their employers match 401k 100% up to the max, but I don't know if I entirely believe that. Believe it. Tech, healthc...
by Grt2bOutdoors
Wed Aug 27, 2014 10:29 am
 
Forum: Personal Finance (Not Investing)
Topic: 401(k) poll - lawyer/oil and gas worker/airline employee?
Replies: 29
Views: 1729

Re: Term Life Insurance Help

Mine does have term portability, but a max of $500k and it does make me nervous to not know the costs as they relate to the age bands or if my company changes insurers. You could use your employer group insurance as a secondary, temporary insurance, discontinuing it when you leave the company or th...
by Grt2bOutdoors
Tue Aug 26, 2014 2:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance Help
Replies: 16
Views: 702

Re: Leaving Ameriprise

Obviously the adviser doesn't value you quite so highly. That was a cold remark on her part.
by Grt2bOutdoors
Tue Aug 26, 2014 2:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Leaving Ameriprise
Replies: 10
Views: 1086

Re: What to do with individual stock I received?

What do you mean they "gifted" it to you? If you inherited on their death(s), it has a stepped-up value as of the date of death. That is different than if they gave it to you while still living. Twenty plus (more like 23-24, but who's counting) years ago that stock was trading at roughly ...
by Grt2bOutdoors
Tue Aug 26, 2014 2:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to do with individual stock I received?
Replies: 42
Views: 1918

Re: What to do with individual stock I received?

Thanks for the advice, everyone. I think I am leaning towards selling the stock and distributing it into index funds according to my AA. I agree with those who have said it doesn't make sense to be this concentrated in a single stock. Also, no, I don't know what my basis is in it yet (I am working ...
by Grt2bOutdoors
Tue Aug 26, 2014 2:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to do with individual stock I received?
Replies: 42
Views: 1918

Re: Husband rear-ended, driver ignoring his insurance

You will be paid out - you did state that the driver at fault maintained valid insurance from State Farm, correct? If State Farm fails to pay you correct restitution for the policyholder's at fault accident, get yourself an attorney or you can sue them in small claims court but this would be a last ...
by Grt2bOutdoors
Tue Aug 26, 2014 1:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Husband rear-ended, driver ignoring his insurance
Replies: 43
Views: 4575

Re: Term Life Insurance Help

Do not overlook the potential Social Security death benefits your wife and offspring will receive through age 18, it can be substantial indeed. Given your income, you are maxing out S.S. FICA tax each year, therefore you would likely receive somewhere on the order of 4500+ maximum family benefits. G...
by Grt2bOutdoors
Tue Aug 26, 2014 1:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance Help
Replies: 16
Views: 702

Re: Mortgages and financial freedom

I haven't read all the responses, but I am on the other end of the typical Boglehead extreme and am probably a bit too comfortable with debt. I think of leverage - particularly long term fixed rate tax deductible leverage - as a powerful tool. It has enabled me to accumulate a very large asset base...
by Grt2bOutdoors
Tue Aug 26, 2014 1:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgages and financial freedom
Replies: 111
Views: 6676

Re: What are you up YTD?

Somewhere between 75-80% equity - up 8.6% ytd.
by Grt2bOutdoors
Tue Aug 26, 2014 12:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: What are you up YTD?
Replies: 94
Views: 6271

Re: How I beat Indexing... in 1 hour

Surely, you don't actually believe I was calling you a pig? :o Being up 20% in short order is not skill, it's just random - in your case it appears to be positive. For every winner, there is a loser especially in the stock market where sellers may be on the losing side of the trade if the stock appr...
by Grt2bOutdoors
Tue Aug 26, 2014 11:43 am
 
Forum: Investing - Theory, News & General
Topic: How I beat Indexing... in 1 hour
Replies: 53
Views: 7040

Re: What to do with individual stock I received?

How much are we talking about here - 4,5,6 or 7 figures? If you're holding a 10K portfolio and this represents $2K, I'd say hold it. If this is mid to high 5's, I'd say consider lightening the load a bit - 20% in any one equity is a bit too much and as others have said, you are taking uncompensated ...
by Grt2bOutdoors
Tue Aug 26, 2014 11:20 am
 
Forum: Investing - Help with Personal Investments
Topic: What to do with individual stock I received?
Replies: 42
Views: 1918

Re: NYC - Job Agencies - skilled trade jobs

Have you tried "google" - IT work + DSL/phone line installation + new york city and/or nyc recruiting agencies"? It's worth a shot. What did his union advise re: finding employment? Surely, they may have contacts or can provide references. The union is separate from the employer, corr...
by Grt2bOutdoors
Tue Aug 26, 2014 11:14 am
 
Forum: Personal Finance (Not Investing)
Topic: NYC - Job Agencies - skilled trade jobs
Replies: 2
Views: 297

Re: Purchasing I bond vs. paying off student loan

Get rid of the loan. Pay it off.
by Grt2bOutdoors
Tue Aug 26, 2014 11:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Purchasing I bond vs. paying off student loan
Replies: 19
Views: 1013

Re: Juice up your cash returns (!) [What do you consider cas

These are the types of investments that are created, packaged and or touted by financial firms to try to tap into the yearn for a better return on "safe" investments. I've seen this show before and it usually ended badly. People are afraid of bonds, think stocks are too high and that norm...
by Grt2bOutdoors
Tue Aug 26, 2014 10:28 am
 
Forum: Investing - Theory, News & General
Topic: Juice up your cash returns (!) [What do you consider cash?]
Replies: 11
Views: 2172

Re: How I beat Indexing... in 1 hour

Those who live by the sword...die by the sword. Here's another one.....those who play with fire...will get burned by the fire. Bulls and bears will make money, pigs will get slaughtered at the trough. Capital Grille? why stop there? Why not head over to DelMonico's so you can hobnob with the fancy f...
by Grt2bOutdoors
Tue Aug 26, 2014 10:23 am
 
Forum: Investing - Theory, News & General
Topic: How I beat Indexing... in 1 hour
Replies: 53
Views: 7040

Re: Catastrophe Brewing - Longevity

Thanks Alan. Excellent article. It is surprising that pension funds are using outdated actuarial data to determine their pension liability. Once new actuarial data is used, this will increase pension liabilities, possibly including SS trust fund which means these pension funds are more underfunded ...
by Grt2bOutdoors
Tue Aug 26, 2014 10:19 am
 
Forum: Investing - Theory, News & General
Topic: Catastrophe Brewing - Longevity
Replies: 12
Views: 2483

Re: Have I put too much into the 529 plan?

Could you explain how you have the option to withdraw the contribution amount(s) and just let the interest compounded over time remain in the 529--and NOT incur a penalty? I have done reading about the Utah 529 which we are opening for a grandson and couple of other 529s and saw nothing about that ...
by Grt2bOutdoors
Mon Aug 25, 2014 2:30 pm
 
Forum: Investing - Theory, News & General
Topic: Have I put too much into the 529 plan?
Replies: 38
Views: 6624

Re: Telling my friends I paid off my houses was a mistake.

Look up "mortgage burning parties" on this forum and read the reactions others have had when they mentioned they've paid off or are close to it and they are younger than retirement age. You will see what you are experiencing now is quite common....debtor's envy.
by Grt2bOutdoors
Mon Aug 25, 2014 2:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Telling my friends I paid off my house was a mistake.
Replies: 73
Views: 10134

Re: Motorcycle for short commute?

I just sold my motorcycle for economical reasons! There are two types of motorcycle riders, those that have already laid there bikes down, and those that are going to. Your health and ability to work to earn income are your biggest assets. A motorcycle accident will be a life changing event, if you...
by Grt2bOutdoors
Mon Aug 25, 2014 1:22 pm
 
Forum: Personal Consumer Issues
Topic: Motorcycle for short commute?
Replies: 63
Views: 3699

Re: Motorcycle for short commute?

Well I am married, so the safety aspect is important to me. Perhaps a small scooter may be a better move safety-wise than a powerful motorcycle. Don't kid yourself. My cousin was involved in a scooter accident (Vespa) or is it a moped? No difference, his back looked like he went through a meat grin...
by Grt2bOutdoors
Mon Aug 25, 2014 1:18 pm
 
Forum: Personal Consumer Issues
Topic: Motorcycle for short commute?
Replies: 63
Views: 3699

Re: What is your experience managing a 8 or 9 digit portfoli

LadyGeek, my intent is not to turn this forum into UHNW central but rather to hear about people who have managed a large amount of assets on their own. I've seen plenty of posts asking for advice but what about people who are actually quietly doing it ? I'm new to the world of investing and the bog...
by Grt2bOutdoors
Mon Aug 25, 2014 9:39 am
 
Forum: Investing - Help with Personal Investments
Topic: What is your experience managing a 8 or 9 digit portfolio
Replies: 11
Views: 2199
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