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Re: Speculaition on Crude Oil/The Euro/and Silver

I just bought the following: BP, Conoco (COP), Chevron (CVX), silver (SLV), Goldcorp (GG), and yen futures. Let's call it an investment of $50K, equally spread among the investments, and with the entire $50K swapped into yen, so think of it as a yen-denominated portfolio. Today's closing prices are...
by Grt2bOutdoors
Thu Oct 30, 2014 11:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Speculaition on Crude Oil/The Euro/and Silver
Replies: 15
Views: 885

Re: Group Legal through work - Hyatt Legal

A typical will, poa, healthcare directive would run around $1,000. $201 is a cheap rate for a basic estate planning package.
I've used them before, and will use them again for my other basic needs. If you have a complicated issue, you may want to use a legal specialist or not.
by Grt2bOutdoors
Thu Oct 30, 2014 4:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Group Legal through work - Hyatt Legal
Replies: 6
Views: 446

Re: Vanguard Variable Annuity Costs

Would you mind sharing how you went about this? Is the annuity in a trust? Who are the owners, beneficiaries? If its in a trust, the trust document/outline would be great. Also is the amount subject to a gift tax? How would one do that while also making 529 contributions? Thanks. If married, keep y...
by Grt2bOutdoors
Thu Oct 30, 2014 2:28 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Variable Annuity Costs
Replies: 10
Views: 715

Re: Vanguard Variable Annuity Costs

We are planning on doing this for our children with at least some money. The cost of the variable annuity structure adds some to the ER. Vanguard VA ER while higher than direct funds are still extremely good and much lower than most other regular funds. The realized cost could still be lower than t...
by Grt2bOutdoors
Thu Oct 30, 2014 2:26 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Variable Annuity Costs
Replies: 10
Views: 715

Re: Vanguard Variable Annuity Costs

Not to steal the thread, but I started the same when my daughter was just born a couple of years ago. I know Johnathan Clement discussed doing the same in an article he wrote awhile back. Not sure if he went through with it or not. 65 years of tax deferred growth was too much to overlook!! Good luc...
by Grt2bOutdoors
Thu Oct 30, 2014 2:25 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Variable Annuity Costs
Replies: 10
Views: 715

Re: Paul Merriman criticism?

I tend to agree with Merriman, I don't believe their forte is in asset allocation strategy or delivery. Their foray when the Lifestrategy funds were launched convinced me of that - imagine, using a market-timing fund (the 25% slice in the Asset Allocation fund run by Mellon where they were making te...
by Grt2bOutdoors
Thu Oct 30, 2014 2:13 pm
 
Forum: Investing - Theory, News & General
Topic: Paul Merriman criticism?
Replies: 52
Views: 3278

Re: How difficult is probate court? (NYC)

My dad died in July. He left $300k worth of stock (no beneficiary) and $2k worth of Series E savings bonds (from 1978). House and 401k/ira xferred fine because my mom was listed as the beneficiary. A lawyer I called said it'll costs about $3k for his lawfirm plus another $600 for fees to NYC courts...
by Grt2bOutdoors
Thu Oct 30, 2014 12:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: How difficult is probate court? (NYC)
Replies: 9
Views: 1011

Re: How difficult is probate court? (NYC)

From your other thread it seems that your father left no will so you will need to go through intestate probate which might be difficult on your own but you can always talk to the clerks at the court to see what the process would be (and there is no guarantee that you will be appointed executor). ye...
by Grt2bOutdoors
Thu Oct 30, 2014 12:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: How difficult is probate court? (NYC)
Replies: 9
Views: 1011

Re: Thoughts on Defined Maturity Bond Funds?

Costs may be higher, if you purchase a bond that is callable before the stated maturity, how do you replace it and what do you replace it with if there aren't enough of a certain security to do it with? Why not create your own defined maturity by holding certificate of deposits instead? The yield o...
by Grt2bOutdoors
Thu Oct 30, 2014 12:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Thoughts on Defined Maturity Bond Funds?
Replies: 6
Views: 253

Re: My college son's investment in Merril Lynch

Thank you very much to all of you for helping me with my questions. Yes, the accounts are in my sons' names and my husband is the custodian for both of the boys. My older son is 20 years old and a junior in college. We don't need the money for his college because he gets full scholarship. His grand...
by Grt2bOutdoors
Thu Oct 30, 2014 12:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: My college son's investment in Merril Lynch
Replies: 12
Views: 1224

Re: Speculaition on Crude Oil/The Euro/and Silver

If you really want to speculate on the price of oil, you buy some real junior oil company or many junior oil companies that are not household names - pick up 10 or 20 shares of each and let it ride for 20 years, see where you land. If you had bought Continental Resources when they went public, you'r...
by Grt2bOutdoors
Thu Oct 30, 2014 12:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Speculaition on Crude Oil/The Euro/and Silver
Replies: 15
Views: 885

Re: Thoughts on Defined Maturity Bond Funds?

Costs may be higher, if you purchase a bond that is callable before the stated maturity, how do you replace it and what do you replace it with if there aren't enough of a certain security to do it with? Why not create your own defined maturity by holding certificate of deposits instead?
by Grt2bOutdoors
Thu Oct 30, 2014 12:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Thoughts on Defined Maturity Bond Funds?
Replies: 6
Views: 253

Re: Joint accounts or separate accounts for married couples?

I didn't know that the "law" dictates how much a married or unmarried couple is permitted to keep in joint accounts. :confused Must be some "new law" that is out there. :shock: If a couple prior to marriage had independent lives with accumulated assets and liabilities in substant...
by Grt2bOutdoors
Thu Oct 30, 2014 10:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Joint accounts or separate accounts for married couples?
Replies: 32
Views: 1192

Re: Speculaition on Crude Oil/The Euro/and Silver

Silver is cheap, relative to what? Oh sure, it's lower than the $40 an ounce it was back in 2011 when I got a solicitation from my broker to sell the few coins I had for a 60% profit. I bought the coins as a gift, so I didn't sell, even though I could have made a hefty profit after tax. But wait, ju...
by Grt2bOutdoors
Thu Oct 30, 2014 8:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Speculaition on Crude Oil/The Euro/and Silver
Replies: 15
Views: 885

Re: life insurance ladder calculation

I bought a 30 yr $2 million term policy about 3 years ago. Thanks to the wonderful stock market gains over the past few years, I'm starting to feel over-insured. I haven't looked into the possibility of lowering coverage yet, but I imagine when it comes time in the spring to pay my next premium I w...
by Grt2bOutdoors
Thu Oct 30, 2014 8:43 am
 
Forum: Investing - Help with Personal Investments
Topic: life insurance ladder calculation
Replies: 5
Views: 364

Re: life insurance ladder calculation

I have two policies - in each instance I purchased a 30 year policy to meet my needs at the time of issuance. My first foray into purchasing was for a lower amount and will terminate just before I will retire, the second policy for a larger amount will end shortly after retirement when I expect my l...
by Grt2bOutdoors
Wed Oct 29, 2014 9:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: life insurance ladder calculation
Replies: 5
Views: 364

Re: UTMA Variable Annuity - Early Retirement Planning

I'm not sure one can make future tax assumptions that favor this without making additional assumptions that clearly non intended for usages aren't also eliminated or extremely penalized from UTMAs. I don't find this to be a real "tax diversification". I personally feel its more likely tha...
by Grt2bOutdoors
Wed Oct 29, 2014 2:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: UTMA Variable Annuity - Early Retirement Planning
Replies: 11
Views: 425

Re: UTMA Variable Annuity - Early Retirement Planning

^ you're correct. :beer I didn't view "early retirement planning" as important for a minor. My exposure to people with great wealth is nonexistent. :annoyed Define great wealth. The original thought was why use a trust as Merriman suggests? Why not skip the trust and have UTMA hold it, fo...
by Grt2bOutdoors
Wed Oct 29, 2014 2:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: UTMA Variable Annuity - Early Retirement Planning
Replies: 11
Views: 425

Re: Finance kids' medical educations with a HELOC?

Do you like your house? Do you want to keep it in retirement? For all of the reasons the other posters have stated, plus the fact you need this money to retire - at the minimum you should purchase a life insurance policy on them payable to you for the amount of the loans - that only takes care of de...
by Grt2bOutdoors
Wed Oct 29, 2014 12:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Finance kids' medical educations with a HELOC?
Replies: 24
Views: 1636

Re: How should we invest if interest rates never go up?

ZIRP is a tad misleading. You can get 2.25% APY on a 5-yr CD these days. It's only 55 bps over inflation, but it's not zero. Return is negative after-tax. True, the loss is minimized as compared to risk of the unknown. You can have a portfolio that returns -7%, coupled with inflation causes real re...
by Grt2bOutdoors
Wed Oct 29, 2014 12:00 pm
 
Forum: Investing - Theory, News & General
Topic: How should we invest if interest rates never go up?
Replies: 17
Views: 1665

Re: How should we invest if interest rates never go up?

Pay off debt - holding debt in a deflationary/deleveraging environment will hurt your ability to grow net worth. That is an instant return, even if you are paying off tax-deductible debt.
by Grt2bOutdoors
Wed Oct 29, 2014 11:40 am
 
Forum: Investing - Theory, News & General
Topic: How should we invest if interest rates never go up?
Replies: 17
Views: 1665

UTMA Variable Annuity - Early Retirement Planning

Any opinions on using a UTMA designation for a variable annuity with the premise that assets are retitled in child's name at age of majority, but still within a tax-deferred wrapper? Merriman advocated using a trust to hold the variable annuity, but for sake of simplicity, wouldn't this work just as...
by Grt2bOutdoors
Wed Oct 29, 2014 10:33 am
 
Forum: Investing - Help with Personal Investments
Topic: UTMA Variable Annuity - Early Retirement Planning
Replies: 11
Views: 425

Re: Men's Personal Hygiene Products

I am very susceptible to razor burn, and Nivea For Men's sensitive post-shave balm has been the most effective product I've found for limiting that. A sharp blade and prepping your beard by washing it in warm/hot water will soften the hairs and using a sensitive skin shaving gel (I use Gillette ser...
by Grt2bOutdoors
Wed Oct 29, 2014 10:29 am
 
Forum: Personal Consumer Issues
Topic: Men's Personal Hygiene Products
Replies: 37
Views: 2873

Re: Arkansas Resident: Arkansas vs Utah 529

It's not just the expense ratio to be considered. One should also consider the strength of the board of trustees of each plan. Clearly, the folks over at the Utah plan (full disclosure: I use this plan for my child) know what they are doing in terms of plan design, fund selection, keeping costs low ...
by Grt2bOutdoors
Wed Oct 29, 2014 8:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Arkansas Resident: Arkansas vs Utah 529
Replies: 3
Views: 337

Re: Paul Merriman criticism?

Someone should drop Paul a line and have him come here and clarify his strategy.
I think his strategy is fine if one has the time and inclination to monitor and rebalance it, otherwise, there are other funds available that could suit your needs and it doesn't require 10 funds to do so.
by Grt2bOutdoors
Wed Oct 29, 2014 8:06 am
 
Forum: Investing - Theory, News & General
Topic: Paul Merriman criticism?
Replies: 52
Views: 3278

Re: Vinyl Siding over wood

Those who do not remove the wood do so for one reason - to cut costs and time to improve their profit margin. I re-sided my home a year ago, they removed the old though not rotted wood shingle before putting up the vinyl siding.
by Grt2bOutdoors
Wed Oct 29, 2014 7:12 am
 
Forum: Personal Consumer Issues
Topic: Vinyl Siding over wood
Replies: 6
Views: 742

Re: 529: Age Based allocation

My son is a high school sophomore. I had opened ESA and age-based allocation 529 accounts for him when he was in elementary school. The ESA was funded to the maximum allowable limit ($2000/year) for a few years and then no more contributions were made. The 529 was funded regularly for the last 15 y...
by Grt2bOutdoors
Tue Oct 28, 2014 9:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: 529: Age Based allocation
Replies: 2
Views: 417

Re: What to do with 5M?

Hello and welcome to the forum! To answer your question, yes - investment theory and practice applies to all asset sizes. What is the difference between $100,000 and $1,000,000? One has one comma, the other has two commas and three more zeros at the end. What is the difference between .005 and payin...
by Grt2bOutdoors
Tue Oct 28, 2014 9:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to do with 5M?
Replies: 27
Views: 2562

Re: Prudent Investment Portfolio for 58-year Old w/20M Net W

Well, he is in great shape, because what he has should easily be able to produce his income needs, plus grow. If he put $8MM into a bond portfolio that was 10 years or so he could probably generate 2.5% plus on that. So thats 200k of pre-tax income. If the remaining 12MM is invested in stocks with ...
by Grt2bOutdoors
Tue Oct 28, 2014 3:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Prudent Investment Portfolio for 58-year Old w/20M Net Worth
Replies: 30
Views: 2511

Re: Pension Early Buyout Offer

I did a few quick and dirty calculations and here's what I came up with: If you go with option 3 and wait until age 65, you will be guaranteed $157,500 over ten years. Depending upon how much of the lump sum would be lost to taxes, you would have to get a 6% to 7% return on the net lump sum after t...
by Grt2bOutdoors
Tue Oct 28, 2014 3:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pension Early Buyout Offer
Replies: 20
Views: 1788

Re: Pension Early Buyout Offer

A 30 year Treasury bond is yielding around 3.05%, that is guaranteed. A 4% or 6% rate is not guaranteed. Therefore, to be conservative in one's planning you ought to assume that at best you get 4%, at worse you earn 3.05%. A balanced fund may do better, but it is not guaranteed, there is an element ...
by Grt2bOutdoors
Tue Oct 28, 2014 3:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pension Early Buyout Offer
Replies: 20
Views: 1788

Re: Prudent Investment Portfolio for 58-year Old w/20M Net W

The same portfolio that would be appropriate for a 58 yr old investor with 2 million dollars and income needs of 37.5k per year. Its just an extra 0 in my opinion. 30% Total US Stock market 20% Total International 40% Muni Bond Index 10% Cash That would be a reasonable starting point IMHO. No need ...
by Grt2bOutdoors
Tue Oct 28, 2014 2:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Prudent Investment Portfolio for 58-year Old w/20M Net Worth
Replies: 30
Views: 2511

Re: To payoff mortgage or not

keith6014 wrote:Thanks everyone for your advice and comments.

Its finally over! :-)

Now, I need to get started in Taxable account



Congrats! :sharebeer
by Grt2bOutdoors
Tue Oct 28, 2014 1:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: To payoff mortgage or not
Replies: 64
Views: 3680

Re: Prudent Investment Portfolio for 58-year Old w/20M Net W

You leave a few key points out - is the net worth liquid now, or illiquid? What are the income needs of said investor? What is the current and expected tax rates of the investor? Come on! You know the drill on Asking Portfolio Questions, why should this exercise be any different? For someone with 19...
by Grt2bOutdoors
Tue Oct 28, 2014 1:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Prudent Investment Portfolio for 58-year Old w/20M Net Worth
Replies: 30
Views: 2511

Re: Career Advice for an Unhappy Young Doctor?

Residency is miserable. The first year out of residency is hard. You question whether you really know what you are doing and at the same time need to figure out a new computer system and how things are done at your new hospital. It is super stressful. It gets better the second year though. Taking a...
by Grt2bOutdoors
Tue Oct 28, 2014 12:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Career Advice for an Unhappy Young Doctor?
Replies: 76
Views: 6845

Re: Career Advice for an Unhappy Young Doctor?

I had a doctor friend ( he's actually on this site ) tell me that if he had it to do over again , he'd be a nurse anesthetist instead of a surgeon. Seems the CRNA hit the sweet spot for time spent training vs compensation. Have also heard the same about NPs and also radiology techs ( once they add ...
by Grt2bOutdoors
Tue Oct 28, 2014 12:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Career Advice for an Unhappy Young Doctor?
Replies: 76
Views: 6845

Re: Do you dream about retirement?

No, only about having the ability to FIRE on my terms, not someone elses.
by Grt2bOutdoors
Tue Oct 28, 2014 12:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you dream about retirement?
Replies: 83
Views: 5457

Re: Gross Yearly Income needed in Retirement (Speculation)

I only need enough for food, heat and light, medical and property taxes; indexed for inflation.
All else is just pure speculation - I desire, I need, I want; pure speculation as ones needs and wants are constantly changing as sure as the seasons are.
by Grt2bOutdoors
Tue Oct 28, 2014 12:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 159
Views: 12431

Re: 39.6% Tax Bracket :(

[comments removed by admin alex] [H]ow about funding a donor advised charitable trust for say $50K and deduct that off your taxes in one year? - but it is a one-time shot only. You then advise which charities you want to make donations to in any one year - view Fidelity or Vanguard for charitable t...
by Grt2bOutdoors
Tue Oct 28, 2014 12:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: 39.6% Tax Bracket :(
Replies: 23
Views: 4333

Re: 39.6% Tax Bracket :(

[comment removed by admin alex] A 529 plan for your nephew is not going to help you - it will help him if you use it for his benefit. If not, and you decide to withdraw it at some point, the government will help itself through the use of various taxes and penalties. Passive losses generated from in...
by Grt2bOutdoors
Tue Oct 28, 2014 12:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: 39.6% Tax Bracket :(
Replies: 23
Views: 4333

Re: Paul Merriman criticism?

[quote="Call_Me_Op"]I am a regular listener to Paul's podcasts and receive his free newsletter. His approach is evidence-based, that is, based upon historical performance of the various "asset classes." He slices and dices to exploit many of the known risk factors that have histo...
by Grt2bOutdoors
Tue Oct 28, 2014 9:00 am
 
Forum: Investing - Theory, News & General
Topic: Paul Merriman criticism?
Replies: 52
Views: 3278

Re: If holding cash, do you want a Great Depression?

Surely if you hold cash you want the market to crash, a great depression would be even better. Would this not allow you to become very rich in years ahead. You could buy up assets/stocks very cheaply and if everyone did not have money and you did, this would allow you to become very rich. Well it s...
by Grt2bOutdoors
Tue Oct 28, 2014 8:47 am
 
Forum: Investing - Theory, News & General
Topic: If holding cash, do you want a Great Depression?
Replies: 50
Views: 3899

Re: If holding cash, do you want a Great Depression?

johnep wrote:Why would you wish so much hardship and misery on so many people so you could make personal gain? That seems so selfish and inconsiderate of others. Do you want to accumulate wealth that bad?


There are alot of greedy people out there, ALOT!
by Grt2bOutdoors
Tue Oct 28, 2014 8:38 am
 
Forum: Investing - Theory, News & General
Topic: If holding cash, do you want a Great Depression?
Replies: 50
Views: 3899

Re: If holding cash, do you want a Great Depression?

Those who held cash during the Weimar republic in Germany were in a Depression, and the cash didn't help them one bit. I remember a picture of a wheelbarrow full of Reichmarks, it took an entire wheelbarrow to purchase one loaf of bread. The root cause of that was vicious inflation, and it was not b...
by Grt2bOutdoors
Tue Oct 28, 2014 8:37 am
 
Forum: Investing - Theory, News & General
Topic: If holding cash, do you want a Great Depression?
Replies: 50
Views: 3899

Re: Switch from CREF Stock to CREF Equity Index and VTIAX?

My understanding is CREF Stock is 70% Total Stock Market Index and 30% Total International Stock Index.
by Grt2bOutdoors
Mon Oct 27, 2014 5:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Switch from CREF Stock to CREF Equity Index and VTIAX?
Replies: 3
Views: 309

Re: Tilted to SV by mistake, should I TLH out of it?

I had the same feelings about REIT tilt but it recovered now and so i am not inclined to sell it off to remove the tilt. This is the one really disturbing part of your posting -- you get cold feet when something goes down a little in the short run but then it is ok if it goes back up a little in th...
by Grt2bOutdoors
Mon Oct 27, 2014 5:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tilted to SV by mistake, should I TLH out of it?
Replies: 37
Views: 1655

Re: Tilted to SV by mistake, should I TLH out of it?

My international holdings are down too, you know what, I've been getting that Warren feeling about being a kid in the candy store, I've been buying more all through the down cycle. If you're bailing after 1 - 2 months, your equity levels are too high for your liking, you need to re-assess your risk ...
by Grt2bOutdoors
Mon Oct 27, 2014 5:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tilted to SV by mistake, should I TLH out of it?
Replies: 37
Views: 1655

Re: Investment Advice

Real Estate is out at my age as an investment. I wish I would have got into rentals when I was younger. Some of my friends did really well but are now selling because they just don't want the trouble. I didn't pay any charge when I bought the Pimco Fund through Fidelity. Will check out the balanced...
by Grt2bOutdoors
Mon Oct 27, 2014 5:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investment Advice
Replies: 15
Views: 1141

Re: Investment Advice

If you really care about preservation of capital, here's another idea — what about real estate? It should not be too difficult to find some properties that will return at least 5% cash flow after netting out expenses. For example, these are the approximate actual numbers for a rental property I own...
by Grt2bOutdoors
Mon Oct 27, 2014 12:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investment Advice
Replies: 15
Views: 1141
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