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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: 11
Views: 720

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: 18
Views: 1165

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: 44
Views: 4126

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: 63
Views: 4352

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: 1457

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: 1457

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: 8
Views: 669

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: 34
Views: 2087

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: 4781

Re: Choosing Bond Component for Portfolio

Only to the extent the fund does not hold state municipal obligations in the fund. The portion of the fund that is invested in those obligations can be tax-free, this will be shown by percentage of fund assets held in the fund when you receive your 1099 data at year-end. Still, a 5.25% hit on 2% aft...
by Grt2bOutdoors
Wed Aug 20, 2014 12:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Choosing Bond Component for Portfolio
Replies: 6
Views: 623

Re: To be truly rich, take stock of your life before investi

It's all about options. Lack of financial flexibility severely hampers your choices on how to spend your time. The most valuable thing in this life is "time", they aren't making any more of it in any real substantial way. Best to spend it how you see fit.
by Grt2bOutdoors
Wed Aug 20, 2014 11:38 am
 
Forum: Investing - Theory, News & General
Topic: To be truly rich, take stock of your life before investing
Replies: 22
Views: 2889

Re: Would you buy these funds that were recommended?

Has your new guy volunteered this information to you? Let's say he puts your money into a no-load (no upfront sales commission fund) with an annual expense ratio of 60bps (that's 0.60% per year) and you pay him 1% of assets under management for him "managing" your monies. Now, let's say th...
by Grt2bOutdoors
Wed Aug 20, 2014 10:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Would you buy these funds that were recommended?
Replies: 30
Views: 1401

Re: Buying a home with aluminum wiring?

The safety of knob and tube wiring: http://www.oldhouseweb.com/how-to-advice/knob-and-tube-wiring.shtml In my 100 year old house the visible stuff was in fine shape. The electrician (an old experienced guy) said to leave it alone and I did. Good luck when you go to sell - insurance companies will n...
by Grt2bOutdoors
Wed Aug 20, 2014 10:26 am
 
Forum: Personal Consumer Issues
Topic: Buying a home with aluminum wiring?
Replies: 57
Views: 2966

Re: Buying a home with aluminum wiring?

The first insurance co. I called for a homeowners quote WILL NOT insure with aluminum wiring, REGARDLESS of Copalum upgrades or not. Not a good start...calling more. Aluminum is a big no-no, another big no-no is knob and tube. I know about the latter first hand, my home had to be completely re-wire...
by Grt2bOutdoors
Wed Aug 20, 2014 10:23 am
 
Forum: Personal Consumer Issues
Topic: Buying a home with aluminum wiring?
Replies: 57
Views: 2966

Re: Choosing Bond Component for Portfolio

Given your tax bracket (28%+4.25%), I'd be inclined to use the Vanguard Intermediate Tax-Exempt fund, it has about a 5.5 duration and a decent after-tax yield. You are subject to interest rate risk which will affect principal value, but barring a sudden fast move up in rates (not likely), fluctuatio...
by Grt2bOutdoors
Wed Aug 20, 2014 9:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Choosing Bond Component for Portfolio
Replies: 6
Views: 623

Re: Do the mega wealthy need life insurance?

See http://www.elderlawanswers.com/make-sure-your-life-insurance-is-not-taxed-at-your-death-8296 for a discussion of the estate tax issue with life insurance. Anything owned outside the estate like in an irrevocable trust avoids estate taxes. That isn't unique to life insurance. Life insurance is t...
by Grt2bOutdoors
Wed Aug 20, 2014 8:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Do the mega wealthy need life insurance?
Replies: 32
Views: 2366

Re: New Investor!! Did I make a mistake?

Yes. First, thank your father who steadily contributed to that fund for your benefit. Second, ask your father if he ever filed tax returns on your behalf duly noting and reporting the reinvestment of dividend and capital gain distributions -... The cost basis does not depend on whether the parent f...
by Grt2bOutdoors
Tue Aug 19, 2014 10:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Investor!! Did I make a mistake?
Replies: 39
Views: 1520

Re: Do the mega wealthy need life insurance?

The use of life insurance is a relatively cheap form of financing to be used to pay estate taxes. Assume someone worth $50MM has most of their net worth tied up in a business which they want to pass on to their heirs, estate tax would be due, payment could come from life insurance allowing the full ...
by Grt2bOutdoors
Tue Aug 19, 2014 10:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do the mega wealthy need life insurance?
Replies: 32
Views: 2366

Re: How the rich stay/get richer??

ClevrChico wrote:An accurate illustration of "it takes money to make money".


One of my relatives came to this country with $10 in his pocket. A prime example of the power of compounding and time.
by Grt2bOutdoors
Tue Aug 19, 2014 9:56 pm
 
Forum: Investing - Theory, News & General
Topic: [live off dividends?] How the rich stay/get richer??
Replies: 62
Views: 4781

Re: How the rich stay/get richer??

bogleblitz wrote:Yes this is true.

Then by the 3rd and 4th generation, the grandchildren and great grandchildren will tap the principal and spend it all.


Not if it's in a trust....they can only spend according to the terms of the trust.
by Grt2bOutdoors
Tue Aug 19, 2014 9:53 pm
 
Forum: Investing - Theory, News & General
Topic: [live off dividends?] How the rich stay/get richer??
Replies: 62
Views: 4781

Re: How the rich stay/get richer??

Yes, that's one way of looking at it. I have several relatives who started investing in the equities markets back in the 1950's, they reinvested their dividends back into buying more stock which were all dividend-paying. I could say they have a closet S&P 500 index fund, they own that many if no...
by Grt2bOutdoors
Tue Aug 19, 2014 9:52 pm
 
Forum: Investing - Theory, News & General
Topic: [live off dividends?] How the rich stay/get richer??
Replies: 62
Views: 4781

Re: New Investor!! Did I make a mistake?

Yes. First, thank your father who steadily contributed to that fund for your benefit. Second, ask your father if he ever filed tax returns on your behalf duly noting and reporting the reinvestment of dividend and capital gain distributions - if yes, then your cost basis in the fund may be higher tha...
by Grt2bOutdoors
Tue Aug 19, 2014 9:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Investor!! Did I make a mistake?
Replies: 39
Views: 1520

Re: Need spa / yoga destination suggestion

Rhinebeck is out of the way, but if you are so inclined to go there and want to eat well make sure you stop by the Culinary Institute of America in Pougkeepsie, the sandwiches at the Apple Pie Bakery are great as is the apple pie! If you're a history buff, stop by the FDR home just up the road on Rt...
by Grt2bOutdoors
Tue Aug 19, 2014 5:11 pm
 
Forum: Personal Consumer Issues
Topic: Need spa / yoga destination suggestion
Replies: 2
Views: 286

Re: Simplisafe Home Security Systems

I use Frontpoint, it is a one year contract - $43 per month, web-accessible, mobile accessible, smash protection - if the burglar finds the base station and tries to tamper with it - unplug, smash, damage - it will send out the signal immediately, otherwise you have 30 seconds to disarm it before it...
by Grt2bOutdoors
Tue Aug 19, 2014 1:46 pm
 
Forum: Personal Consumer Issues
Topic: Simplisafe Home Security Systems
Replies: 32
Views: 1912

Re: New Job/New Location - Next Steps

I feel I have a good handle on my investments, contributions, and my budget. The advice I am looking for is how to position myself from a saving standpoint or if I should be concerned about my debt levels. I would focus on paying down the highest rate student loans first, not necessarily concerned ...
by Grt2bOutdoors
Tue Aug 19, 2014 12:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Job/New Location - Next Steps
Replies: 7
Views: 461

Re: When to put money into bond fund rather than home princi

You should search recent posts from Grabiner on this subject. If you can find a bond fund with a duration of 5-6 that offers a 2.67% yield, investing in the bond fund may be a better option. The Vanguard Long Term Tax Exempt fund has a 2.50% yield,a duration of 6.3 and liquidity, close but not equal...
by Grt2bOutdoors
Tue Aug 19, 2014 11:58 am
 
Forum: Investing - Help with Personal Investments
Topic: When to put money into bond fund rather than home principal
Replies: 14
Views: 1405

Re: Portfolio Review - Recent Grad and BogleHead

If I were you, I'd stop paying down the student loans and invest all that extra cash instead. Contribute to your 401 up to the employer match (probably traditional and not Roth), max out a Roth IRA, and then pump more into the 401k. Your student loan rates are pretty low, so I wouldn't bother payin...
by Grt2bOutdoors
Tue Aug 19, 2014 9:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Recent Grad and BogleHead
Replies: 27
Views: 2731

Re: [helping a family member to start investing]

Not everyone can afford to invest extra dollars in their child's 529, savings account or Roth IRA. We all know certain things in life are beneficial to undertake to enjoy a higher quality of life in the present and future, not everyone is willing or able to make those sacrifices for a multitude of r...
by Grt2bOutdoors
Tue Aug 19, 2014 8:55 am
 
Forum: Investing - Help with Personal Investments
Topic: [helping a family member to start investing]
Replies: 10
Views: 792

Re: (New)Need Financial Jedi Master Assistance

So the fees in the 401k are of no concern? Not to me. Once your 401(k) balance is high enough, simply borrow the max allowed from your 401(k) in order to save on those fees and invest the borrowed money in something similar but with low fees. You forgot to add: "if you lose your job through vo...
by Grt2bOutdoors
Mon Aug 18, 2014 10:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Boglehead - Looking for some advice
Replies: 12
Views: 714

Re: 20 Year Old With 70k to Invest

Hi everyone, i'm a 20 year old college student who has his own "business". I make around 80k a year? My college costs 65k a year. I have enough money to pay for my next year of college with about 70k left in the bank. I'm looking for stocks or funds to invest in with relatively low risk a...
by Grt2bOutdoors
Mon Aug 18, 2014 10:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: 20 Year Old With 70k to Invest
Replies: 49
Views: 2365

Re: (New)Need Financial Jedi Master Assistance

Welcome to the forum! Can you please edit your post to include the names and er's by fund for "his 401k")? Can you please add the er's by fund for "her 401k"? Since I know we don't have a 52nd state with the name "Anon" - perhaps you can provide us with the states tax r...
by Grt2bOutdoors
Mon Aug 18, 2014 8:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Boglehead - Looking for some advice
Replies: 12
Views: 714

Re: Is a 16% expense ratio technically possible?

Google the Steadman (later Ameritor) funds. Performance was so poor, they were nicknamed the Deadman funds because no conscious person would invest with them. As AUM fell, the ER kept going up, eventually hitting something like 22% per year. The SEC shut them down in 2007 because they had managed t...
by Grt2bOutdoors
Mon Aug 18, 2014 7:52 pm
 
Forum: Investing - Theory, News & General
Topic: Is a 16% expense ratio technically possible?
Replies: 15
Views: 1457

Re: Would you buy these funds that were recommended?

No! If the adviser/fund salesman offers to put you in any class of shares involving the alphabet - say "no, thank you" as many times as you have to before hanging up the phone. Do not go into the office to meet with the fellow as they will do their best to "close the sale" on you...
by Grt2bOutdoors
Mon Aug 18, 2014 7:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Would you buy these funds that were recommended?
Replies: 30
Views: 1401

Re: Vanguard Index vs American Funds?

The smart money invests in index funds. Warren Buffett is instructing his estate to invest in the S&P 500 - an index fund. Public and private sector pension funds utilize indexed investments in obtaining the returns necessary to meet their payment obligations. In all of the above instances, I've...
by Grt2bOutdoors
Mon Aug 18, 2014 1:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Index vs American Funds?
Replies: 33
Views: 3063

Re: Defined Benefit Plan Costs?

You have two choices, each will carry it's own set of reactions - make the pitch for the "car allowance" (personally, I don't think that will get you any positive traction and may create ill will with your employer putting you high on the list for the first to go in a layoff) or start loo...
by Grt2bOutdoors
Mon Aug 18, 2014 1:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Plan Costs?
Replies: 36
Views: 1739

Re: Shiller: "U.S. stocks are very expensive"

They could become even more expensive yet! Or...one can be brave and explore investing in international which is trading at a lower p/e, however that could be justified given the dismal state of the economies in Europe vs. US. They say the same about bond valuations - it's too expensive, how about h...
by Grt2bOutdoors
Mon Aug 18, 2014 1:02 pm
 
Forum: Investing - Theory, News & General
Topic: Shiller: "U.S. stocks are very expensive"
Replies: 4
Views: 933

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

I personally don't think it's worthwhile paying for a "2nd tier' expensive private college if a flagship public college is available. Agreed. Eldest felt differently after the athletic official visit to our best in state. So we could have forced the issue with the very real possibility of a fl...
by Grt2bOutdoors
Mon Aug 18, 2014 12:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much do you plan to save in your 529 plan?
Replies: 44
Views: 4126

Re: Your biggest "Missed Money" event that still kills you?

The Williams Companies traded at 88 cents a share in 2004 after having been accused of rigging the California power markets (electricity) - the company had then and still has one of the largest natural gas pipelines in the country along with numerous midstream processing plans and terminals nationwi...
by Grt2bOutdoors
Mon Aug 18, 2014 12:01 pm
 
Forum: Investing - Theory, News & General
Topic: Your biggest "Missed Money" event that still kills you?
Replies: 100
Views: 6948

Re: Defined Benefit Plan Costs?

You have two choices, each will carry it's own set of reactions - make the pitch for the "car allowance" (personally, I don't think that will get you any positive traction and may create ill will with your employer putting you high on the list for the first to go in a layoff) or start look...
by Grt2bOutdoors
Mon Aug 18, 2014 10:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Plan Costs?
Replies: 36
Views: 1739

Re: Hw many credit cards to own?

4 - I keep two of them because of their long age.
I mainly use the Capital One card due to the cash-back feature and great foreign currency rates.
by Grt2bOutdoors
Mon Aug 18, 2014 10:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Hw many credit cards to own?
Replies: 108
Views: 6787

Re: Rebalance + stay the course ... or dial it down on stock

Hello and welcome to the forum! We generally recommend no more than 75% in equity and no less than 25% in fixed income. A typical allocation for a 47-50 year old may be in the range of 70/30 or 60/40 ranging down to 50/50 or 40/60 at around age 60+. A 70/30 mix between domestic and international is ...
by Grt2bOutdoors
Sat Aug 16, 2014 10:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rebalance + stay the course ... or dial it down on stocks
Replies: 10
Views: 1881

Re: KMR - what to do?

KMR is trading in line with the proposed acquisition price. Have you read the proposed details yet? KMI will give holders of KMR approximately 2.4849 shares of KMI in exchange for your units. If KMI is trading at $41 close of Friday, 8/15 that means the exchange value is not $89.75 a share, it is $1...
by Grt2bOutdoors
Sat Aug 16, 2014 10:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: KMR - what to do?
Replies: 2
Views: 304

Re: Europe travel: best card for ATM cash

Does anyone know what kind of exchange rate you get in a large retail bank in Germany, changing dollars to Euros? I normally just use my debit card at an ATM, but my bank has a 3% foreign exchange fee. I know that's better than what you get at exchange shops in airports but a retail bank branch mig...
by Grt2bOutdoors
Sat Aug 16, 2014 9:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Europe travel: best card for ATM cash
Replies: 33
Views: 1911

Re: Is buying two SUVs a sane/good financial move?

An SUV is not any more safer than a car, in fact, an SUV comes with it's own set of problems - it's a heavier vehicle, needs more time to stop and your insurance cost will likely go up. SUV's have a high center of gravity, some of them are prone to flip over in accidents. If you want absolute safety...
by Grt2bOutdoors
Sat Aug 16, 2014 9:44 pm
 
Forum: Personal Consumer Issues
Topic: Is buying two SUVs a sane/good financial move?
Replies: 63
Views: 3636

Re: which insurance company?

Had never thought of more than one SPIA, thanks for these suggestions. I am not ready to buy yet, but need to be aware of what companies are good choices, Purchase your annuities in $100K increments at different companies - in essence, you are laddering your annuities and spreading your risk around...
by Grt2bOutdoors
Sat Aug 16, 2014 4:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: which insurance company?
Replies: 7
Views: 654

Re: Help me understand my credit report

I would guess that this means # of new accounts opened during the previous twelve months. I have another line that says my score was affected by # of new accounts opened during the past 12 months. Any other thoughts? You can interpret that to mean the number of new accounts opened in the past 12 mo...
by Grt2bOutdoors
Sat Aug 16, 2014 4:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help me understand my credit report
Replies: 14
Views: 1655

Re: Savings Percentage

My wife and I are subscribers to the bogleheads / LBYM philosophy, but as a metrics guy I'm interested to get a better understanding of the rule of thumb that I hear regarding what percentage of earnings we should be saving. When people say aim for 20% or 30% of earnings, is that pre-tax or post-ta...
by Grt2bOutdoors
Sat Aug 16, 2014 4:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Savings Percentage [rules of thumb]
Replies: 49
Views: 5170

Re: Hello and Help!

We don't advocate speculative investments - we advocate low cost index investing, buy and hold stay the course investing. Recommend you pick up a copy of A Random Walk Down Wall Street and read it. Fastest way for you to lose your shirt is to touch - options, futures, exotic currencies, metals, comm...
by Grt2bOutdoors
Fri Aug 15, 2014 5:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Hello and Help!
Replies: 5
Views: 474

Re: How much to leave for young children, guardian and famil

My wife and I are in the process of modifying our wills and beneficiaries. Instead of leaving 100% for our child (if we both pass away), we're thinking about leaving some for her legal guardian and a bit for other friends/family who could use it. Ideally, I don't want the legal guardian to have to ...
by Grt2bOutdoors
Fri Aug 15, 2014 4:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much to leave for young children, guardian and family
Replies: 12
Views: 1314
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