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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: 22
Views: 1494

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: 2007

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: 71
Views: 4334

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: 556

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: 1012

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: 40
Views: 3384

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: 23
Views: 1032

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: 616

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: 1012

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: 41
Views: 1744

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: 41
Views: 1744

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: 39
Views: 3493

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: 616

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: 71
Views: 4334

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: 83
Views: 4804

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: 48
Views: 5751

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: 41
Views: 1744

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: 279

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: 962

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: 2142

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: 48
Views: 5751

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: 2366

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: 6552

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: 9307

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: 3692

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: 3692

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: 2130

Re: How much do you plan to save in your 529 plan?

I live in New York State. Does it matter which state I start the 529 plan for? It doesn't, but why pass up a tax deduction on your NYS tax return if you use the NYS529Direct Plan? Not too mention, it has the lowest expense ratio's in the country of 17bps (0.17%) per $10K invested. Hard to beat that...
by Grt2bOutdoors
Mon Aug 25, 2014 9:28 am
 
Forum: Personal Finance (Not Investing)
Topic: How much do you plan to save in your 529 plan?
Replies: 60
Views: 6744

Re: What 5 stocks can I own forever?

Bank of New York (now Bank of New York Mellon) has been around since 1784. There's a good chance that it'll still be around awhile longer. Then again, Lehman Bros existed for over a century and a half... Forever is a long time. Recommend index funds, widely diversified. You're joking, right? There ...
by Grt2bOutdoors
Mon Aug 25, 2014 9:00 am
 
Forum: Investing - Help with Personal Investments
Topic: What 5 stocks can I own forever?
Replies: 58
Views: 4295

Re: Buy & Hold Forever Blue Chip Stocks???

Thank you all for the replies. So... the consensus here is a personal investor should NEVER include stocks in their taxable portfolio? I would think there is an inherent bias within this very esteemed forum away from stocks... But is this correct? I did some quick research, and compared the results...
by Grt2bOutdoors
Mon Aug 25, 2014 8:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Buy & Hold Forever Blue Chip Stocks???
Replies: 73
Views: 3567

Re: Why don't utilities get any praise

The best utilities to buy are those that trade at or below book value, the best opportunity for that occurred in 2008 when they were trading for 40,50,60 cents on the dollar. A value play and no different than what is typically included in the value indexes. They've since reverted to the mean and ar...
by Grt2bOutdoors
Mon Aug 25, 2014 8:45 am
 
Forum: Investing - Theory, News & General
Topic: Why don't utilities get any praise
Replies: 39
Views: 3667

Re: Buy & Hold Forever Blue Chip Stocks???

None - Ask those who "bought and held Eastman Kodak" how it all worked out for them?

The ones are the list are not impervious to changes sometimes for the worst which they are unable to recover from, hence the answer is "none".
by Grt2bOutdoors
Sun Aug 24, 2014 11:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Buy & Hold Forever Blue Chip Stocks???
Replies: 73
Views: 3567

Re: 87 Year Old Grandmother Has $600,000 In the Bank

This money is currently spread across three bank accounts and is used, along with a trust that owns rental property, to support my fiance's 87 year old grandmother. I am still figuring out all of the particulars (it just came to my attention that the money is invested in this way) but I estimate th...
by Grt2bOutdoors
Sun Aug 24, 2014 9:55 am
 
Forum: Investing - Help with Personal Investments
Topic: 87 Year Old Grandmother Has $600,000 In the Bank
Replies: 42
Views: 5433

Re: I need "Ultra High Net Worth" investing advice please

Louis Winthorpe III wrote:If you like US Trust, and they have a $3M minimum, give them ~$5 million. Use them as a resource to the extent you want to. Move the rest to Vanguard and put it all in something like Lifestrategy Conservative Growth or Moderate Growth.


Not in taxable, it's not tax-efficient!
by Grt2bOutdoors
Sun Aug 24, 2014 9:48 am
 
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 215
Views: 14937

Re: I need "Ultra High Net Worth" investing advice please

I believe in the KISS, Keep It Simple Strategy. :D 40% Vanguard Total Stock Market Index Institutional, 10% Total International Stock Index Institutional and 50% AAA-rated 10 year Treasury Notes held to maturity in the form of a ladder (10% this year, 10% next year and so on so every 5 years you are...
by Grt2bOutdoors
Sun Aug 24, 2014 9:47 am
 
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 215
Views: 14937

Slice n Dicers: How much have you outperformed?

Simple question for those who are dyed in the wool Slice n Dicers: How much have you outperformed/under performed the 3 Fund Portfolio?
by Grt2bOutdoors
Sat Aug 23, 2014 3:23 pm
 
Forum: Investing - Theory, News & General
Topic: Slice n Dicers: How much have you outperformed?
Replies: 20
Views: 2407

Re: AA check

"You plan to stay the course for now. You do not plan to add more to equities if they go down." Does that mean you will not re-balance when such an opportunity arises? Your asset allocation should not be based on what others are doing (the lemming approach), it should be based on your need...
by Grt2bOutdoors
Fri Aug 22, 2014 9:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA check [Asset Allocation]
Replies: 9
Views: 809

Re: sanity check of portfolio

hi all, I am new to this site (I ran across it after reading “The Little Book of Common Sense Investing.”and the Bogleheads guide which have been hugely helpful.) I am trying to clean up my portfolio and oddly prepare for a small windfall and would love your opinions/thoughts/improvements. BASICS E...
by Grt2bOutdoors
Fri Aug 22, 2014 8:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: sanity check of portfolio
Replies: 9
Views: 1147

Re: someone who claimed at 62 got an 8% increase this year

Filed at 62, what they didn't say is they filed and fully retired. If the person filed, but continued to work - they would receive credit for that I believe on top of the COLA. Beyond that, I say show me the paperwork.
by Grt2bOutdoors
Fri Aug 22, 2014 4:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: someone who claimed at 62 got an 8% increase this year
Replies: 26
Views: 3073

Re: Do you take all of your allowed paid vacation time?

My employer encourages us to use all of our vacation time, as you can not carry it over to future years. However, this is the first year I was told to take my crackberry with me. :o :oops: Vacation to me is complete detachment from work, that wasn't the case as I had to read the two thousand mails t...
by Grt2bOutdoors
Fri Aug 22, 2014 11:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you take all of your allowed paid vacation time?
Replies: 79
Views: 4797

Re: What to consider while purchasing an existing business?

Obtain a non-compete agreement from the selling business owner with stipulation no opening of new shop within a certain radius (miles preferably or the next town over) from existing location. Reminds me of a fellow who years ago purchased a home improvement company for the same amount of money (real...
by Grt2bOutdoors
Thu Aug 21, 2014 10:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: What to consider while purchasing an existing business?
Replies: 45
Views: 3016

Re: Need another bank besides Capital One

Try DiscoverBank.
by Grt2bOutdoors
Thu Aug 21, 2014 1:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need another bank besides Capital One
Replies: 24
Views: 1937

Re: How much do you plan to save in your 529 plan?

Save your money for grad school, spending $400K estimated for 4 years of undergrad is nuts.
Cut the credit spigot off, and suddenly prices will fall down into the land of reality. Prices don't shoot up forever.
by Grt2bOutdoors
Thu Aug 21, 2014 1:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much do you plan to save in your 529 plan?
Replies: 60
Views: 6744

Re: Investors Pour Into Vanguard, Eschewing Stock Pickers

Hopefully Vanguard's success will inspire competitors to take a more Vanguard-like approach. I think Fidelity does a good job, but I would love to get that e/r lower and lower. I'm not concerned about too much indexing. There are too many people who want to pick stocks or use managed funds for a va...
by Grt2bOutdoors
Thu Aug 21, 2014 8:39 am
 
Forum: Investing - Theory, News & General
Topic: Investors Pour Into Vanguard, Eschewing Stock Pickers
Replies: 70
Views: 6414

Re: How to finance major home improvements

Yes, I think you may need a pay cash option there. Also, what is meant by "major home improvements"?... A new roof, remodel bathroom/kitchen, new driveway etc.? That's what I think of when I see major home improvements. I would pay cash, or save and pay cash for those. I can't imagine tak...
by Grt2bOutdoors
Wed Aug 20, 2014 7:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to finance major home improvements
Replies: 24
Views: 1647

Re: How to finance major home improvements

A major home improvement to me is the addition of additional square footage in excess of 650 sq foot such that the footprint of the home becomes noticeably larger - adding a level including new master bedroom, bath, walk-in closets, roof. Assuming the homeowner intends to stay in the home for at lea...
by Grt2bOutdoors
Wed Aug 20, 2014 7:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to finance major home improvements
Replies: 24
Views: 1647

Re: Newbie - Please critique my portfolio - suggestions welc

Welcome to the forum!
Can I interest you in a juicy 6.2% return on your investment? Focus on paying off that car loan before you invest a dime in the stock market outside of your 401k plan - that is a risk-free rate of return to you.
BTW, you are not a peon. :wink:
by Grt2bOutdoors
Wed Aug 20, 2014 5:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie - Please critique my portfolio - suggestions welcome
Replies: 12
Views: 1184

Re: How to weather market downturn with a high chance of lay

A properly designed asset allocation plan can help you weather a market downturn with a high chance of layoff. You adjust for risk by holding less risky assets, not more. Holding more fixed income/cash can provide you with what poster "cfs" calls a SWAN ("sleep well at night") po...
by Grt2bOutdoors
Wed Aug 20, 2014 4:59 pm
 
Forum: Investing - Theory, News & General
Topic: How to weather market downturn with a high chance of layoff
Replies: 42
Views: 3177

Re: [live off dividends?] How the rich stay/get richer??

The rich are not rich because of dividends. It's because they work harder and are willing to take more risks than others. Perhaps a little luck helps, but it would be an anomaly for someone to make $2 million dollars one year and then drop everything to sit back and collect dividends. JT Having the...
by Grt2bOutdoors
Wed Aug 20, 2014 12:18 pm
 
Forum: Investing - Theory, News & General
Topic: [live off dividends?] How the rich stay/get richer??
Replies: 62
Views: 4903
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