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Re: What % of stock market "drive" is gambling?

See my other thread on "Mom and Pop Step Up their Trading". In that article from today's WSJ, page C1 "a 22 year old student said "he stumbled on to the stock market in March while reading Twitter and watching YouTube videos. "It seemed like a great time to be in the market&...
by Grt2bOutdoors
Thu Apr 24, 2014 9:28 am
 
Forum: Investing - Theory, News & General
Topic: What % of stock market "drive" is gambling?
Replies: 40
Views: 3641

Mom and Pop Step Up Their Trading

The euphoria is back!! First quarter daily trading activity jumped in the first quarter of 2014. According to TD Ameritrade :"the trading is broad-based. It's everywhere. It's very robust retail engagement". Trading activity was up by double digits in each client segment which included lon...
by Grt2bOutdoors
Thu Apr 24, 2014 9:04 am
 
Forum: Investing - Theory, News & General
Topic: Mom and Pop Step Up Their Trading
Replies: 1
Views: 150

Re: what price would you sell at?

What do comp's for similar type properties show the market is? You say the local economy is strong and growing - how? like Austin, Tx growth, San Francisco or Newark, NJ? Big differences between the three. Some may be willing to settle for $2MM, but the cap rate could be even lower at current sellin...
by Grt2bOutdoors
Thu Apr 24, 2014 8:37 am
 
Forum: Personal Finance (Not Investing)
Topic: what price would you sell at?
Replies: 6
Views: 376

Re: Why Utah 529 instead of Vanguard 529?

I use the Vanguard (Nevada) plan. As someone else mentioned, 529s are constantly changing, mostly in positive ways. Utah used to have the lowest expense ratios by far while Nevada had somewhat higher ratios, particularly in the age-based options. That was not Vanguard's fault. The way these plans w...
by Grt2bOutdoors
Wed Apr 23, 2014 5:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why Utah 529 instead of Vanguard 529?
Replies: 32
Views: 2325

Re: Inheritance Issue

My wife and I live in a community property state and each has willed their estate to 2 daughters . One of our sons/in law is a spendthrift on himself[ ie cars, recreation etc] and appears to have no money sense. I'm afraid when she inherits, it will become comingled over time. We would like to cont...
by Grt2bOutdoors
Wed Apr 23, 2014 5:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inheritance Issue
Replies: 27
Views: 1417

Re: Extra Mortgage Payments and Emergencies

Hello, My monthly payment is $x. I am considering making extra payments to the principal. Let's say I make extra payment in the amount of $x*6 towards my principal today and continue making regular payments for the foreseeable future. In the event of an unforeseen emergency (sickness/job-loss etc),...
by Grt2bOutdoors
Wed Apr 23, 2014 5:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Extra Mortgage Payments and Emergencies
Replies: 3
Views: 739

Re: Is it a bad move to buy a home now?

Ugh. Well, just showed my parents the house we plan to buy (HCOL near major city). They are appalled that we're paying nearly $600,000 and have to do some legwork ourselves (refinishing floors, painting walls, etc). They were shocked at what a sellers' market it is and think the sellers should be p...
by Grt2bOutdoors
Wed Apr 23, 2014 4:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is it a bad move to buy a home now?
Replies: 18
Views: 1281

Re: What's your number?

Too early to get a firm fix on my number. Besides, I'm less interested in that number and more interested in actually getting to enjoy that number. So, in essence it's having the ability to make and complete the journey that I look most forward to.
by Grt2bOutdoors
Wed Apr 23, 2014 4:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: What's your number?
Replies: 61
Views: 3470

Re: enough to retire?

Hello and welcome to the forum! Timely post. Read this post by Paul Merriman on CBS Marketwatch, pay particular attention to his tables and what happens when you draw more than 4% from a portfolio in retirement, even if it is diversified or if it holds less than 30-40% in equities. http://www.market...
by Grt2bOutdoors
Wed Apr 23, 2014 2:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: enough to retire?
Replies: 19
Views: 1889

Re: Ready to get prices for a Volvo XC60

You are too polite. When I bought my subuaru, I sent 3 or 4 dealers a Dear John letter - something like this: I'm interested in purchasing a new Outback with the following options. Give me your best out the door price, don't mess (i was actually more blunt that that but we'll keep it pc here) with m...
by Grt2bOutdoors
Wed Apr 23, 2014 2:09 pm
 
Forum: Personal Consumer Issues
Topic: Ready to get prices for a Volvo XC60
Replies: 11
Views: 618

Re: Housing in NYC area

I grew up on Long Island and used to have a job in midtown so can speak from experience. I vote for living on LI. The cost of living is way more reasonable. My parents still live there with plenty of disposable income on less than half of your income. There are a lot of places you can live that are...
by Grt2bOutdoors
Wed Apr 23, 2014 1:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Housing in NYC area
Replies: 12
Views: 1119

Re: Housing in NYC area

Careful with NJ state taxes - they don't permit you to deduct any mortgage interest and your property tax deductibility is capped at $10K. In other words, don't count on NJ helping you out with getting money back for going into hock. Check out city-data.com/forum/New Jersey - post your questions on ...
by Grt2bOutdoors
Wed Apr 23, 2014 12:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Housing in NYC area
Replies: 12
Views: 1119

Re: What's your number?

Sorry, I'm happily married! :D
by Grt2bOutdoors
Wed Apr 23, 2014 11:10 am
 
Forum: Personal Finance (Not Investing)
Topic: What's your number?
Replies: 61
Views: 3470

Re: The reverse world of retirement investing

Read it the other day, who is retired and would be a 100% stocks and 5% withdraw rate :oops: John Rabid Ramseyites would be 100% stocks, but that's not nearly as much as Dave Ramsey promises his followers that they can withdraw. Dave advocates investing only in equities, and tells his followers the...
by Grt2bOutdoors
Wed Apr 23, 2014 9:23 am
 
Forum: Investing - Theory, News & General
Topic: The reverse world of retirement investing
Replies: 34
Views: 4048

Re: FYI..W.BUFFETT ON BLOOMBERG AT 3 TODAY

Oh goody!! Let me get my bag of popcorn and my can of Cherry Coke ready. :D I'll bust out a box of See's candies and invite my neighbors over to watch it. Did you buy your Coke and See's at Walmart using your American Express card? See's isn't sold in Wal-Mart, you have to either buy it online or i...
by Grt2bOutdoors
Wed Apr 23, 2014 9:18 am
 
Forum: Investing - Theory, News & General
Topic: FYI..W.Buffett on Bloomberg at 3 Today
Replies: 8
Views: 309

Re: Does 529 really hurt the chance to get financial aid?

Is there any difference - for purposes of qualifying for financial aid - between a 529 owned by a parent, a 529 owned by a grandparent, and a 529 owned by an aunt? (Assume in each case that the beneficiary is the same child.) Yes. If the grandparent or aunt owns the 529 plan and uses it to pay for ...
by Grt2bOutdoors
Wed Apr 23, 2014 8:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Does 529 really hurt the chance to get financial aid?
Replies: 50
Views: 2500

Re: Does 529 really hurt the chance to get financial aid?

Is there any difference - for purposes of qualifying for financial aid - between a 529 owned by a parent, a 529 owned by a grandparent, and a 529 owned by an aunt? (Assume in each case that the beneficiary is the same child.) Yes. If the grandparent or aunt owns the 529 plan and uses it to pay for ...
by Grt2bOutdoors
Wed Apr 23, 2014 8:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Does 529 really hurt the chance to get financial aid?
Replies: 50
Views: 2500

Re: Where would you retire, if $ were no object?

In the US - an apartment in a low-rise building in Manhattan.
Second choice, San Diego, California

Outside the US - hmmm....French Riveria?
by Grt2bOutdoors
Wed Apr 23, 2014 8:45 am
 
Forum: Personal Consumer Issues
Topic: Where would you retire, if $ were no object?
Replies: 62
Views: 3454

Re: What to do [Investing vs. Paying Down Debt]

If you can I would increase the deferral to the TSP and focus on getting rid of those higher rate unsecured notes, 5.5% and 5% while lower than past years is still high in this zero/low interest rate enviornment.
by Grt2bOutdoors
Wed Apr 23, 2014 8:43 am
 
Forum: Investing - Help with Personal Investments
Topic: What to do [Investing vs. Paying Down Debt]
Replies: 7
Views: 960

Re: Mr. Money Mustache: Hero or Foolish?

No real opinion, other than more power to him. It doesn't seem like he is living a terrible life, but try that lifestyle in other geographic locations and you'll find the quality of life to go right down the tubes.
by Grt2bOutdoors
Wed Apr 23, 2014 8:37 am
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 252
Views: 27920

Re: FYI..W.BUFFETT ON BLOOMBERG AT 3 TODAY

Did your Caps key get stuck? You may need a new keyboard. If you don't get a new keyboard, you might want to read the Forum Policy: We also require that you be considerate of our readers and: ... avoid posting in ALL CAPITAL LETTERS or otherwise using distracting formatting Nah! I think the OP just...
by Grt2bOutdoors
Wed Apr 23, 2014 8:31 am
 
Forum: Investing - Theory, News & General
Topic: FYI..W.Buffett on Bloomberg at 3 Today
Replies: 8
Views: 309

Re: FYI..W.BUFFETT ON BLOOMBERG AT 3 TODAY

Oh goody!! Let me get my bag of popcorn and my can of Cherry Coke ready. :D I'll bust out a box of See's candies and invite my neighbors over to watch it.
by Grt2bOutdoors
Wed Apr 23, 2014 8:30 am
 
Forum: Investing - Theory, News & General
Topic: FYI..W.Buffett on Bloomberg at 3 Today
Replies: 8
Views: 309

Re: Housing in NYC area

Real estate market in NYC proper is out of control - too much money chasing too few deals, it is like a feeding frenzy! The suburbs are a liitle less crazy, you can find "bargains" if you are handy or have cash to upgrade.
by Grt2bOutdoors
Wed Apr 23, 2014 7:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Housing in NYC area
Replies: 12
Views: 1119

Re: Hello, advice needed and welcomed

You are either 8 years or 13 years away from retirement. Have you prepared a mock statement of estimated annual expenses and estimated what portfolio terminal value is required to support it? Is your number 2 or 3 million? If you withdraw 4 percent from such a portfolio value will it be enough? Have...
by Grt2bOutdoors
Tue Apr 22, 2014 7:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Hello, advice needed and welcomed
Replies: 13
Views: 710

Re: Is social security a good investment?

I predict a lock....in less than 3..2..1. It's unactionable - and not only that, but you are comparing apples to oranges. Social Security Old Age Disability Insurance - do you see the word "investment" in any part of the official title of the program? It's actionable to me because I'm try...
by Grt2bOutdoors
Tue Apr 22, 2014 1:55 pm
 
Forum: Investing - Theory, News & General
Topic: Is social security a good investment?
Replies: 33
Views: 1439

Re: New Baby Girl - What Can/Should We Do?

HardKnocker wrote:New Baby Girl - What Can/Should We Do?

I recommend disposable diapers.


I recommend the diaper genie for the disposable diapers - lest you are comfortable with certain odors.
"Triple paste" to prevent diaper rash - and the associated child screaming due to the irritation.
by Grt2bOutdoors
Tue Apr 22, 2014 1:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Baby Girl - What Can/Should We Do?
Replies: 42
Views: 2891

Re: New Baby Girl - What Can/Should We Do?

Write down the amounts and who gave them to you on a piece of paper. Then cash them.
Take the cash and open the 529 plan.
by Grt2bOutdoors
Tue Apr 22, 2014 1:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Baby Girl - What Can/Should We Do?
Replies: 42
Views: 2891

Re: Does 529 really hurt the chance to get financial aid?

If I was a financial aid administrator at a college, I would be on the lookout for folks trying to pull the wool over my eyes. Hate to break it to you - college administrators are not the sharpest tools in the shed. They're are plenty of scam artists pulling the wool over their eyes and hence, ever...
by Grt2bOutdoors
Tue Apr 22, 2014 1:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does 529 really hurt the chance to get financial aid?
Replies: 50
Views: 2500

Re: Does 529 really hurt the chance to get financial aid?

I say this because some folks told me their kid was National Merit Scholar and got a full scholarship at some schools. I have some folks tell me their kid was National Merit Scholar and got $2,000. Also one needs to know that National Merit Scholarships are often sponsored by Mega-Corps and an addi...
by Grt2bOutdoors
Tue Apr 22, 2014 1:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does 529 really hurt the chance to get financial aid?
Replies: 50
Views: 2500

Re: Does 529 really hurt the chance to get financial aid?

I had an impression that if your AGI is above a certain level, you won't get any need-based financial aid for college. But I was just told that this is wrong and even if your AGI is above 200k, you can still get some financial aid. So can someone tell me how do they evaluate the eligibility for nee...
by Grt2bOutdoors
Tue Apr 22, 2014 1:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does 529 really hurt the chance to get financial aid?
Replies: 50
Views: 2500

Re: Is social security a good investment?

Most people who ask this question don't know what Social Security includes. Are you asking about all of SS or just one part? P.S. If you are not careful, this thread will become political and either get locked or disappear. All the parts, I suppose. I'm interested from the perspective of analyzing ...
by Grt2bOutdoors
Tue Apr 22, 2014 12:37 pm
 
Forum: Investing - Theory, News & General
Topic: Is social security a good investment?
Replies: 33
Views: 1439

Re: Is social security a good investment?

I predict a lock....in less than 3..2..1.

It's unactionable - and not only that, but you are comparing apples to oranges. Social Security Old Age Disability Insurance - do you see the word "investment" in any part of the official title of the program?
by Grt2bOutdoors
Tue Apr 22, 2014 12:34 pm
 
Forum: Investing - Theory, News & General
Topic: Is social security a good investment?
Replies: 33
Views: 1439

Re: Warren Buffett

Just buy profitable companies with solid balance sheets that do something that's understandable and have a history of strong management. Things like John Deere, Pepsi and Becton Dickinson. Google Wedgewood partners out of St Louis or South Atlantic capital out Of wilmington nc, these firms beat the...
by Grt2bOutdoors
Tue Apr 22, 2014 12:08 pm
 
Forum: Investing - Theory, News & General
Topic: Warren Buffett
Replies: 45
Views: 2359

Re: Warren Buffett

I have trouble reading the arrogance of this board. Forget that the OP is trying to beat the market. You are criticizing the greatest stock investor of our generation - maybe the greatest ever. Maybe it is jealousy, envy, spite ... who knows. But wow. I have great respect for Warren. But let's be c...
by Grt2bOutdoors
Tue Apr 22, 2014 9:08 am
 
Forum: Investing - Theory, News & General
Topic: Warren Buffett
Replies: 45
Views: 2359

Re: Savings Rate what do you include?

Funny I was just thinking about this as I was in my hotel lobby and Fox news was on, an ad for The Principal had a quiz on what Americans were saving (including employer match). The answer: 6%. The recommendation: 11-15%. My view: 15-20%. I would (if I were not retired) put in the numerator 401(k) ...
by Grt2bOutdoors
Tue Apr 22, 2014 9:02 am
 
Forum: Investing - Theory, News & General
Topic: Savings Rate what do you include?
Replies: 36
Views: 2272

Re: what do you suggest for reading?

If You Can - Bill Bernstein
Here's the link to the free pdf version - viewtopic.php?f=10&t=136528&p=2026677#p2026677 - Scroll down to the April 12th posting by Bill with the new less buggy version of the book.
by Grt2bOutdoors
Tue Apr 22, 2014 8:52 am
 
Forum: Investing - Help with Personal Investments
Topic: what do you suggest for reading?
Replies: 15
Views: 978

Re: Invest $180k cash + $50k yearly investment

Great, thanks for the suggestions and I will read up. Pay special attention to the definiton of "real" vs. "nominal" returns. Using your earlier examples of receiving $42K or $80K in dividends at year 20. Twenty years from now, if you receive $42K and inflation has been equal to...
by Grt2bOutdoors
Tue Apr 22, 2014 8:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Invest $180k cash + $50k yearly investment
Replies: 5
Views: 1142

Re: is whole life insurance a good investment?

Hi, Apologize in advance if this is not the right place for this. I spoke to a MetLife agent today regarding whole life insurance for my little ones (2 & 4), and was wondering if I should re-direct this money/premium for something else? example for my 4 yr old - MetLife Promise Whole Life Selec...
by Grt2bOutdoors
Tue Apr 22, 2014 8:31 am
 
Forum: Investing - Help with Personal Investments
Topic: is whole life insurance a good investment?
Replies: 17
Views: 1459

Re: Looking for advice on investing some savings

Hello and welcome to the forum! One very important component is missing in your question of how to structure your portfolio. What asset allocation would you like? Is it 80/20, 70/30 or 60/40? There is no right or wrong answer, it is solely dependent upon the level of risk you are willing to take and...
by Grt2bOutdoors
Tue Apr 22, 2014 8:24 am
 
Forum: Investing - Help with Personal Investments
Topic: Looking for advice on investing some savings
Replies: 4
Views: 409

Re: Savings Rate what do you include?

What Rodc said. +1. Why complicate things? Save what you can, when you can. My reason to calculate it is to answer questions such as "can we go to ( insert expensive but memorable vacation destination ) next year?" The answer depends on whether we are hitting our savings rate target (30%)...
by Grt2bOutdoors
Tue Apr 22, 2014 7:31 am
 
Forum: Investing - Theory, News & General
Topic: Savings Rate what do you include?
Replies: 36
Views: 2272

Re: Savings Rate what do you include?

What Rodc said. +1. Why complicate things? Save what you can, when you can.
by Grt2bOutdoors
Mon Apr 21, 2014 7:39 pm
 
Forum: Investing - Theory, News & General
Topic: Savings Rate what do you include?
Replies: 36
Views: 2272

Re: Can we ever expect VG to offer ISV or EMV?

Does it matter whether they offer it or not? If you need something, you purchase it from the least expensive provider. I'm guessing Vanguard currently doesn't offer it, but if you need it or want it are you going to wait for them?
by Grt2bOutdoors
Mon Apr 21, 2014 10:28 am
 
Forum: Investing - Theory, News & General
Topic: Can we ever expect VG to offer ISV or EMV?
Replies: 18
Views: 1559

Re: Northwestern Mutual Life - Whole Life Policy Review

Paying monthly has a huge fee associated with it. You posted statement numbers and not illustration. You have to request an in force illustration. Keep in mind they invest primarily in treasuries and bonds but have huge costs associated with it. The cash value may or may not be bond like after a fe...
by Grt2bOutdoors
Mon Apr 21, 2014 10:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Northwestern Mutual Life - Whole Life Policy Review
Replies: 31
Views: 1814

Re: Northwestern mutual

I had a NWM sales agent contact me 3 times - not once, but 3 times! Apparently, this particular "pesky fly" was recruited straight out of a major name school in the MA area and whose strategy was to call on all the names listed in the alumni book - first to try and sell it to them, but the...
by Grt2bOutdoors
Mon Apr 21, 2014 10:14 am
 
Forum: Investing - Theory, News & General
Topic: Northwestern mutual
Replies: 20
Views: 1370

Re: paydown strategy for mortgage

Pay it off! Get rid of it!
by Grt2bOutdoors
Sat Apr 19, 2014 5:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: paydown strategy for mortgage
Replies: 40
Views: 3050

Re: POLL: why carry cash?

And no one has yet mentioned cocaine? And what about just old fashioned germs and dirt? When I go into my grocery store, they have disinfecting wipes for your hands and the handles of the grocery carts, but who disinfects the dollar bills? At least one of my wives had an aversion to dirty money, an...
by Grt2bOutdoors
Sat Apr 19, 2014 8:59 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 225
Views: 7498

Re: POLL: why carry cash?

Muggers in NYC don't accept American Express. :mrgreen: The coffee cart on the corner, including the Vanguard truck selling coffee for 26 cents per cup doesn't accept plastic - cold hard cash required! I enjoy having people wait, huff and puff behind me as I hand over my nickels, pennies, dimes and ...
by Grt2bOutdoors
Sat Apr 19, 2014 8:55 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 225
Views: 7498

Re: Investing in taxable account

Hello and welcome to the forum! Can you please list out your current portfolio as shown in my signature Asking Portfolio Questions? Include your current marginal tax bracket. We don't recommend purchasing sectors/individual equities - too much concentrated risk, better to own broadly diversified fun...
by Grt2bOutdoors
Fri Apr 18, 2014 3:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing in taxable account
Replies: 16
Views: 1965

Re: Trying to clean up personal finance

Hello and welcome to the forum! Focus on paying off in the following order: 1) Credit card prior to expiration of 0% teaser rate - watch your frivolous expenditures and "retail therapy". 2) 10K student loan @ 7% 3) New car fund - buy something functional and safe, but please do not fall fo...
by Grt2bOutdoors
Fri Apr 18, 2014 1:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trying to clean up personal finance
Replies: 17
Views: 1667

Re: *poor* Bogleheads

You’re a long time lurker so maybe you’ve seen some of my posts. One of the forum’s recent threads was about “how did you get started”. Plain and simple, to invest you must first save. To save, you must live beneath your means, whatever that level is for you. It worked for me and it will work for an...
by Grt2bOutdoors
Fri Apr 18, 2014 12:42 pm
 
Forum: Forum Issues and Administration
Topic: *poor* Bogleheads
Replies: 78
Views: 5345
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