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Re: Which is King: Income Stream or $ Invested

Interested in who thinks income stream trumps total dollars invested or vice versa? (In reality you can arrange both but curious which you think is King (or Queen :-) ) Some say total dollars gives you flexibility while some say any investment is subject to interest rates or the market(s) and there...
by IlliniDave
Wed Jul 30, 2014 5:33 am
 
Forum: Investing - Theory, News & General
Topic: Which is King: Income Stream or $ Invested
Replies: 33
Views: 2483

Re: Do Bogleheads Feel Wealthier?

Hard to answer because the "what" we're comparing to is not specified. Whether or not I "feel" wealthier, I am wealthier than I've ever been in my life. And, my spending is at it's lowest level. The simultaneity is not accidental. I'm not wired in such a way as to spend more beca...
by IlliniDave
Mon Jul 28, 2014 1:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads Feel Wealthier?
Replies: 57
Views: 4349

Re: In your opinion, who is in a riskier financial position?

Very incomplete picture. Both A and B are in somewhat risky positions. I would rather be in a position similar to person A, although I'd probably immediately downsize my housing and build up some financial assets.
by IlliniDave
Sun Jul 27, 2014 4:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: In your opinion, who is in a riskier financial position?
Replies: 36
Views: 2858

Re: Does severance pay reduce or relace unemployment benefit

In my state they essentially treat you as if you're still employed for as long as you are receiving severance payments. Once they stop, you can then receive unemployment insurance payments. People typically file right away and provide whatever they have in writing regarding severance benefits. I hav...
by IlliniDave
Sun Jul 27, 2014 6:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Does severance pay reduce or relace unemployment benefits?
Replies: 52
Views: 2912

Re: Vanguard sued for charging too little

Well, either VG fund investors make 100% of the net "profit" and pay taxes on it or VG retains a portion of the profit as its own profit and pays taxes on it. So it's mostly a question of who has paid the taxes, not whether the money has been taxed. The "contingency fund" is inte...
by IlliniDave
Sun Jul 27, 2014 6:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard sued for charging too little
Replies: 108
Views: 10495

Re: Here's another "where should I retire" thread

Sounds like you have enough wealth that "cost" of living really could be a secondary consideration. If her wishes trump yours, then go where she wants. I'd think about possibly getting a second home (winter beach house in a warm location, summer mountain home, something like that), maybe a...
by IlliniDave
Thu Jul 24, 2014 12:34 pm
 
Forum: Personal Consumer Issues
Topic: Here's another "where should I retire" thread
Replies: 104
Views: 6121

Re: Hw many credit cards to own?

I quit using credit cards in 2008. From 2008-2014 all the accounts closed (except one I have from my employer, on which the limit was lowered to $15 from disuse). oOver that time my credit score rose appreciably (as my married years receded in to the past and began to roll off). In the last couple w...
by IlliniDave
Mon Jul 21, 2014 8:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Hw many credit cards to own?
Replies: 69
Views: 4137

Re: Poll: Has your AA changed in the last 18 months

More conservative but just by a token amount (5%). Both valuations and having turned 50 influenced the decision.
by IlliniDave
Sun Jul 20, 2014 6:45 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Has your AA changed in the last 18 months
Replies: 58
Views: 3511

Re: [Poll] % of 3 funds in your financial asset portfolio?

I answered around 70%. I didn't bother to go calculate it. It's somewhere between 65% and 80%. I've got some EM (index), small tilt (index), REIT (index), tax-exempt bonds, high yield bonds, and active equity funds mixed in.
by IlliniDave
Sat Jul 19, 2014 8:22 am
 
Forum: Investing - Theory, News & General
Topic: [Poll] % of 3 funds in your financial asset portfolio?
Replies: 31
Views: 1689

Re: Should We Buy a Retirement House Now?

I'm giving strong consideration to the same thing. In the area I'm looking at, by all accounts the market is just showing its first signs of life since 2007. Seems prudent maybe to take my chances now rather than risk eating 5 years of recovery/appreciation. Driving 1000 miles in two weeks to start ...
by IlliniDave
Wed Jul 16, 2014 9:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should We Buy a Retirement House Now?
Replies: 11
Views: 1525

Re: Why I can't be a day trader.

I've never bought or sold a share of stock or an ETF, so the intraday thing has never been germane to me. Buying/selling mutual funds is a once a day thing at close. Most days are up days, so most of the time what I sold goes up the next day. Just have to get used to it.
by IlliniDave
Wed Jul 16, 2014 1:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why I can't be a day trader.
Replies: 38
Views: 2968

Re: POLL: Do you have a dedicated REIT allocation?

I'm a yes, although I've only been establishing the position for a couple of months. Currently around 0.5%, headed maybe to 5% over the next 2 years or so.
by IlliniDave
Wed Jul 16, 2014 1:25 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: Do you have a dedicated REIT allocation?
Replies: 123
Views: 6977

Re: Retiring soon setting aside 3 years living expenses

I think I can try to explain the mind set: Folks who retire before age 59.5 with a little bit in a taxable account do not wish to have to withdraw any money from their IRAs before age 59.5, so they want their taxable account to last until they reach age 59.5. They are afraid that a market crash bef...
by IlliniDave
Tue Jul 15, 2014 8:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Retiring soon setting aside 3 years living expenses
Replies: 49
Views: 5258

Re: In a crash, will you re-balance to maintain your target

I'm not sure if that's enough of a drop/deviation to prompt me to take action, I'm kind of loose with my AA, and on sort of on a glide path towards more conservative allocations. So I might just stand pat in the face of 25% equity drop, which would cause a 5-6% shift in my AA.
by IlliniDave
Mon Jul 14, 2014 8:35 am
 
Forum: Investing - Theory, News & General
Topic: In a crash, will you re-balance to maintain your target AA?
Replies: 64
Views: 4151

Re: [Poll] How often do you re-balance?

I picked the last option; however, I don't have firm thresholds so for me it's not a completely quantitative process. I use new contributions to, in a sense, continually rebalance, if you want to look at it that way. I also consider myself on somewhat of a glide path moving towards a slightly more c...
by IlliniDave
Mon Jul 14, 2014 8:29 am
 
Forum: Investing - Theory, News & General
Topic: [Poll] How often do you re-balance?
Replies: 25
Views: 2212

Re: Have you quit your job because of your boss?

I've been either lucky or good. I've got along well with all of my bosses during my professional life, even the ones some others around me struggled with. Probably 15 or 20 individuals in all. There were difficult stretches, but things always ended well. Testament to the quality of my supervisors mo...
by IlliniDave
Sun Jul 13, 2014 9:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Have you quit your job because of your boss?
Replies: 66
Views: 7156

Re: But why not 100% stock index fund?

For a young investor I'd contend it's a perfectly valid approach. Starting today you might not get returns as generous as someone might have gotten 30 years ago, but over 30-40 years, you'll probably make a fair amount of money that way. I invested that way for my first 25 years or so. It can be bum...
by IlliniDave
Sun Jul 13, 2014 9:20 pm
 
Forum: Investing - Theory, News & General
Topic: But why not 100% stock index fund?
Replies: 76
Views: 7091

Re: Is There Need for Plan 'C' (Inverse of Plan B)?

So the inverse of plan B would be: the market is so hot I can't afford to lose out on any more returns so I should put it all in stocks?! :) My new money is going away from US equities (except a token into REITs as my 401 just added that earlier this year and I'm establishing a small position). I ha...
by IlliniDave
Sun Jul 13, 2014 9:14 pm
 
Forum: Investing - Theory, News & General
Topic: Is There Need for Plan 'C' (Inverse of Plan B)?
Replies: 12
Views: 1059

Re: Does anyone expect tilts to *under*perform?

I certainly expect that the various classes people tilt to will underperform at times, maybe even over long stretches. But I also expect that in the long haul they will outperform slightly. I could very easily be wrong. There's additional risk in the approach.
by IlliniDave
Sun Jul 13, 2014 5:50 am
 
Forum: Investing - Theory, News & General
Topic: Does anyone expect tilts to *under*perform?
Replies: 84
Views: 5318

Re: Imputed income (rent) Owner occupied houses.

Imputed income is an extremely well known economic concept http://en.wikipedia.org/wiki/Imputed_income http://www.bea.gov/faq/?faq_id=488 http://www.clearonmoney.com/dw/doku.php?id=public:nipa_imputed_rent I am simply fascinated that Bogleheads who analyze investment portfolios to multiple decimal ...
by IlliniDave
Sat Jul 12, 2014 9:59 pm
 
Forum: Investing - Theory, News & General
Topic: Imputed income (rent) Owner occupied houses.
Replies: 21
Views: 2369

Re: True or False? Your risk tolerance only increases with t

I never even thought much about risk or risk tolerance until I was in my late 40s, and only then because I started thinking in detail about the fact that at some point I would start depending on my investments for part of my living expenses. So for the anecdotal evidence of me, risk tolerance has de...
by IlliniDave
Sat Jul 12, 2014 8:16 am
 
Forum: Investing - Theory, News & General
Topic: True or False? Your risk tolerance only increases with time
Replies: 30
Views: 2340

Re: Car insurance... do you include car rental?

Mine seems to include it as part of the UM (I only carry liability/UM as required by law). But I'll have to check with them to see if I can drop it. I only have a single vehicle and live alone. An interesting, somewhat off-topic anecdote. I once had my car in for a repair that required it stay overn...
by IlliniDave
Sat Jul 12, 2014 7:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Car insurance... do you include car rental?
Replies: 33
Views: 2133

Re: What after-tax income could you live on today?

I answered based on some of my planning data using current expenses, assuming I'm no longer working, settled in my downsized retirement home, with a few items pared back below ideal. The number is about $2000/mo. Last year I spent around $2583/mo, less if I excluded "emergency"-type expens...
by IlliniDave
Sat Jul 12, 2014 6:09 am
 
Forum: Personal Finance (Not Investing)
Topic: What after-tax income could you live on today?
Replies: 48
Views: 5047

Re: To LMP or Not to LMP? [Liability Matching Portfolio]

firecalc gives you the option to run is a Monte Carlo mode where you can select your own mean return. It's been a while but in the past I have played my scenario through using something like a 3.5% mean rate of return for a stock-heavy portfolio, but I don't plan to go into a complete Dr. Bernstein ...
by IlliniDave
Fri Jul 11, 2014 7:02 am
 
Forum: Investing - Theory, News & General
Topic: To LMP or Not to LMP? [Liability Matching Portfolio]
Replies: 11
Views: 1872

Re: EM Returns - long term

The world is a much smaller place now, and I'm among those who is not going to base my strategy on historical data that spanned the retreat of the European colonial powers, two world wars, and the Cold War. No argument emerging markets are riskier, and that there are neither guarantees nor free lunc...
by IlliniDave
Thu Jul 10, 2014 8:31 am
 
Forum: Investing - Theory, News & General
Topic: EM Returns - long term [Emerging Market]
Replies: 34
Views: 3410

Re: How I look at $ in the real world vs my retirement accou

I've just started a new additional investment from my paycheck to add $500 into a 403b during each pay period. The Vanguard lady at my work that I met with convinced me this is a better use of my money then paying extra on my mortgage, which you may or may not agree with but I'm convinced now it's ...
by IlliniDave
Wed Jul 09, 2014 7:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: How I look at $ in the real world vs my retirement accounts
Replies: 45
Views: 5811

Re: What finance experts do you follow on Twitter?

None. Never been a twitter participant.
by IlliniDave
Wed Jul 09, 2014 12:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: What finance experts do you follow on Twitter?
Replies: 35
Views: 4632

Re: Do you deviate from the owner's manual?

On the oil change I've varied a lot over time. For a number of years I had a pretty significant oil leak that had me adding about 1.5 qt per month, so I just just changed oil/filter a couple times a year (about 8500 miles) since I was getting a lot of changeover. I've since had the issue repaired an...
by IlliniDave
Tue Jul 08, 2014 7:14 pm
 
Forum: Personal Consumer Issues
Topic: Do you deviate from the owner's manual?
Replies: 35
Views: 3164

Re: When do you "limit" saving and start to spend more?

There's not really a crisp answer to that one. In general I would say if you are content/happy with the way things are, there's no reason to change. If there are some facets of dissatisfaction that spending might address, make an honest assessment as to whether you can prudently afford the expense, ...
by IlliniDave
Tue Jul 08, 2014 1:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: When do you "limit" saving and start to spend more?
Replies: 39
Views: 3881

Re: Current Stock Market Predictions

I think the key assumption is the long-term tendency of stocks to follow a "line" (see chart linked above). Fundamentally you have dividend yield + dividend growth defining the line. People often use earnings growth as a substitute for dividend growth. The "wiggle" about the line...
by IlliniDave
Tue Jul 08, 2014 5:53 am
 
Forum: Investing - Theory, News & General
Topic: Current Stock Market Predictions
Replies: 35
Views: 5428

Re: Erasing hard disk that have died

There may be companies you could find of the variety that provide paper shredding services to businesses that could essentially shred the disk (grind it into oblivion) if you're really worried enough about what's on it to go through the trouble and expense.
by IlliniDave
Mon Jul 07, 2014 4:19 pm
 
Forum: Personal Consumer Issues
Topic: Erasing hard disk that have died
Replies: 40
Views: 3282

Re: Tiny House Movement

Going all the way back to the OP, I think 400-600 is probably my lower limit. 1000 would be pretty comfortable. I've seen some of the < 300 sq ft places and I just don't get the sense I'd be comfortable in one long-term. But who knows.
by IlliniDave
Mon Jul 07, 2014 4:12 pm
 
Forum: Personal Consumer Issues
Topic: Tiny House Movement
Replies: 139
Views: 15770

Re: I am thinking of buying Ooma or Magicjack need help deci

I have DSL through AT&T land line. I'm also a magic jack user. I use a router. I have a cell phone but don't use it very often How can I cut my land line and still have DSL? I think ATT will still let you have DSL without landline phone service. At least that's my plan if I remain happy with MJ...
by IlliniDave
Mon Jul 07, 2014 4:07 pm
 
Forum: Personal Consumer Issues
Topic: I am thinking of buying Ooma or Magicjack need help deciding
Replies: 52
Views: 2999

Re: Cash allocation in a portfolio

I answered 0% but in my taxable accounts I often have some money in VG Prime MM. I collect distributions there, and contributions go there first before being allocated. If I averaged it out over a year I might come up with about 1% of my invested assets in that account.
by IlliniDave
Mon Jul 07, 2014 2:20 pm
 
Forum: Investing - Theory, News & General
Topic: Cash allocation in a portfolio
Replies: 42
Views: 3725

Re: When you retire you plan to?

My default plan is to sell my current home, move to a different area, and substantially downsize. I'm considering the purchase of a "summer cabin" where I'll spend up to six months of the year. If that thought comes to fruition my summer place and downsized main home will add up to around ...
by IlliniDave
Mon Jul 07, 2014 11:45 am
 
Forum: Personal Finance (Not Investing)
Topic: When you retire you plan to?
Replies: 44
Views: 3384

Re: I am thinking of buying Ooma or Magicjack need help deci

I just got my magicJack over the weekend. I got it hooked up and gave it a test run via a 1-hr conversation with a relative. Worked great over my DSL, and with less latency than we usually have when we speak cell-to-cell. So far I give it a hearty thumbs-up.
by IlliniDave
Mon Jul 07, 2014 11:13 am
 
Forum: Personal Consumer Issues
Topic: I am thinking of buying Ooma or Magicjack need help deciding
Replies: 52
Views: 2999

Re: Is it ever ok to tell your boss you have another offer?

If you've decided to stay and you don't have a good relationship with the boss, I wouldn't go wagging another offer in his face.
by IlliniDave
Mon Jul 07, 2014 11:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Is it ever ok to tell your boss you have another offer?
Replies: 30
Views: 2802

Re: In Which Theories Should I Have Confidence?

I think the "Cost Matters Hypothesis" is the most important once you get into the realm of diversified buy-and-hold investing.
by IlliniDave
Mon Jul 07, 2014 10:01 am
 
Forum: Investing - Theory, News & General
Topic: In Which Theories Should I Have Confidence?
Replies: 43
Views: 4253

Re: Buying adult child a house vs paying their rent

I'm in the middle of something like this with my youngest daughter. She declined the full ride Dad Scholarship to State U, has collected 4 dogs that collectively weigh 3X what she does, sold the functional lttle car Dad bought he and used some of the money to buy a van with 225,000 miles that prompt...
by IlliniDave
Sun Jul 06, 2014 8:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying adult child a house vs paying their rent
Replies: 37
Views: 4130

Re: Phantom Expenses and Withdrawal Rates

In calculating withdrawal rates, I'm curious whether people are generally including non-annual cash expenses. Three particular ones come to mind - investment management fees, major home maintenance costs and auto replacement costs. Are there other major irregular or hidden expenses that I should be...
by IlliniDave
Sun Jul 06, 2014 1:57 pm
 
Forum: Investing - Theory, News & General
Topic: Phantom Expenses and Withdrawal Rates
Replies: 12
Views: 873

Re: Help/Advice re Real Estate Negotiation

If you don't at least go to see it, you will forever kick yourself. Ralph You're probably right, Ralph. I've reached the point in life where you start having to ask, "If not now, when?" When I was younger, if I'd have been asked what my big dream/goal was, my first answer probably would h...
by IlliniDave
Sat Jul 05, 2014 9:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Help/Advice re Real Estate Negotiation
Replies: 10
Views: 912

Re: I Hit My Number Today!

Congrats!

Independence on the eve of Independence Day. Very auspicious! :)
by IlliniDave
Fri Jul 04, 2014 9:36 am
 
Forum: Personal Finance (Not Investing)
Topic: I Hit My Number Today!
Replies: 31
Views: 3295

Re: Help/Advice reReal Estate Negotiation

I would figure out how much of a premium you're willing to pay for the memories of that particular lake, add it to the offer you'd make on the other house, and put that in. Hopefully it starts a negotiation, but worst case it tells you that you can't get that house at a reasonable price. This reall...
by IlliniDave
Fri Jul 04, 2014 7:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Help/Advice re Real Estate Negotiation
Replies: 10
Views: 912

Re: Do you tell your kids how much you make?

Not specifically. They have never asked. It should be apparent that I make a pretty decent income, given the neighborhood they grew up in and what my profession is. Similar to Rodc above we've had the "we're better off than many people but certainly not 'rich'"-type conversations. What the...
by IlliniDave
Fri Jul 04, 2014 6:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you tell your kids how much you make?
Replies: 58
Views: 5981

Re: [Poll] Which do you include in Asset Allocation?

I only count stocks and bonds (mutual funds thereof). I usually have a small amount of cash (a money market mutual fund @ VG) that I lump in my total invested assets, but I don't count it in AA. It's just collected dividends or new contributions waiting to be invested in stocks or bonds. I don't cou...
by IlliniDave
Fri Jul 04, 2014 6:28 am
 
Forum: Investing - Theory, News & General
Topic: [Poll] Which do you include in Asset Allocation?
Replies: 41
Views: 2639

Re: Alpo risk in retirement: Overblown?

"The poorest even appear to have the highest obesity rates among Americans" Which tell us what? That people are obese because they are spending a lot on food? Probably not. The cheapest food is often the least healthy for you. What it does mean is that they are not lacking food and resort...
by IlliniDave
Thu Jul 03, 2014 3:52 pm
 
Forum: Investing - Theory, News & General
Topic: Alpo risk in retirement: Overblown?
Replies: 41
Views: 2349

Re: [Poll] If all active funds have ER= 0.05%, will you buy

I already own 3 with higher expense ratios ... at Vanguard: Intermediate-term Tax-exempt bonds, Prime Money Market, and Capital Opportunity Fund. I look at ER and turnover. If both are low, the fund is worth considering. Edit: I forgot, I have a 4th--a little bit of Vanguard Precious Metals and Mini...
by IlliniDave
Thu Jul 03, 2014 3:32 pm
 
Forum: Investing - Theory, News & General
Topic: [Poll] If all active funds have ER= 0.05%, will you buy any?
Replies: 55
Views: 2663

Re: Help/Advice reReal Estate Negotiation

Okay, I'll try to address everything. As best as I can the other properties are indeed pretty comparable. All lakefront, all share a land border with the same large federally protected wilderness, different lakes, but all in question are partly inside the wilderness area (so roughly equally limited ...
by IlliniDave
Thu Jul 03, 2014 2:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help/Advice re Real Estate Negotiation
Replies: 10
Views: 912

Help/Advice re Real Estate Negotiation

I'm looking at a property (summer retirement place) that I believe I'll want to make an offer on once I view it. It's currently listed at $225K. I've found other very analogous properties in the same area listed in the $160K-$165K range. The particular market has been extremely slow since 2008-2009,...
by IlliniDave
Thu Jul 03, 2014 1:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help/Advice re Real Estate Negotiation
Replies: 10
Views: 912

Re: Alpo risk in retirement: Overblown?

My gut feel is overblown. Look at the medians and percentiles for wealth and income by age put out by the Census Bureau. If I announced on here that I was going to retire on median assets/SS income for people of retirement age many would say I'm insane and that I wouldn't even be able to afford the ...
by IlliniDave
Thu Jul 03, 2014 12:45 pm
 
Forum: Investing - Theory, News & General
Topic: Alpo risk in retirement: Overblown?
Replies: 41
Views: 2349
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