Search found 1340 matches

Return to advanced search

Re: Will you invest in Bill Gross's new bond fund?

My simple answer is no I will not invest in Bill Gross-managed funds at Janus. Given the subject line question, I'm surprised a simple no was not an option. So that's my "something else".
by IlliniDave
Tue Sep 30, 2014 8:06 am
 
Forum: Investing - Theory, News & General
Topic: Will you invest in Bill Gross's new bond fund?
Replies: 49
Views: 2314

Re: Can I be held personally liable for things done at work?

mwm158 wrote:
I don't work for a responsible company, I work for the federal government.


I know I read it other than how you meant, but this sentence made me chuckle a little. :beer
by IlliniDave
Sun Sep 28, 2014 9:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I be held personally liable for things done at work?
Replies: 16
Views: 2068

Re: What's wrong with leverage?

If I had $99100 (or so) I could: 1. Buy $99,100 worth of SPY or 2. Deposit the 99,100 in a futures trading account and buy one e-mini SP500 contract The two strategies should be essentially identical so I doubt that a lot of investors would advise strongly against the second. Now if I reduced how m...
by IlliniDave
Sat Sep 27, 2014 6:42 am
 
Forum: Investing - Theory, News & General
Topic: What's wrong with leverage?
Replies: 15
Views: 1093

Re: What's Your Takeaway from 2014 High Valuation

I would be in the camp that relatively high values now probably implies somewhat blunted returns in the future. But I don't pretend to know what the path going forward will be. It could be relatively smooth but with a modest slope, it could be alternating periods of fast gains and offsetting losses,...
by IlliniDave
Sat Sep 27, 2014 6:16 am
 
Forum: Investing - Theory, News & General
Topic: What's Your Takeaway from 2014 High Valuation
Replies: 52
Views: 4054

Re: POLL: Would you rather work half as long or half as ofte

I voted full time, half length. Cuts lifetime commuting in half, and commuting steals a big chunk of my life. I enjoy my work but there are other things I'd like to do where I'd prefer not to be distracted by ongoing employment. Plus, it's just my nature that I'm more comfortable getting stuff done ...
by IlliniDave
Thu Sep 25, 2014 12:38 pm
 
Forum: Personal Consumer Issues
Topic: POLL: Would you rather work half as long or half as often?
Replies: 68
Views: 3902

Re: Let's hear your Dave Ramsey success stories

I'm always impressed when I see people pay off "30 year mortgages" (as though paying off a 30 year early is more impressive than a 15 year) in 19 months. But whenever I'm listening to Dave's show it's always someone with a $60-120K house. I'm not even sure where you buy one of those, but ...
by IlliniDave
Thu Sep 25, 2014 5:58 am
 
Forum: Investing - Theory, News & General
Topic: Let's hear your Dave Ramsey success stories
Replies: 32
Views: 4056

Re: When did you feel "Out of the Woods"?

I'm one of those people who probably never feels completely out of the woods. The woods are a scary place that can be quite resourceful in dealing out body blows. However, I reached a point where between even substantially sub-historical growth in my 401k (and no additional contributions) and SS I k...
by IlliniDave
Sat Sep 20, 2014 6:44 am
 
Forum: Personal Finance (Not Investing)
Topic: When did you feel "Out of the Woods"?
Replies: 42
Views: 5330

Re: Retiree Next Door

(so much so that I've added the purchase of a small cabin in NE Mn to be my summer residence during my early retirement years). I live in Minnesota and I cannot tell you how glad I am that I Don't own a cabin anywhere! --- I know people with cabins and have visited them many times and see how much ...
by IlliniDave
Thu Sep 18, 2014 9:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retiree Next Door
Replies: 26
Views: 4404

Re: Retiree Next Door

I will say this; the retirees I have seen first hand (my parents, grandparents, and an uncle) live comfortably on social security and very meager savings. For example, my parents do just fine on modest social-security checks and a very small pension may dad receives (less than $800/month). They hav...
by IlliniDave
Thu Sep 18, 2014 8:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Retiree Next Door
Replies: 26
Views: 4404

Retiree Next Door

This looks like something I might wind up reading, although I've never read an ebook proper. I've noted the dichotomy between what we BH participants typically feel we need at minimum to retire with a reasonable lifestyle and and what the statistical profiles of US households imply about retirement-...
by IlliniDave
Thu Sep 18, 2014 5:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Retiree Next Door
Replies: 26
Views: 4404

Re: Owners Title Insurance - Optional

Thanks, that was helpful.
by IlliniDave
Thu Sep 18, 2014 5:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Owners Title Insurance - Optional
Replies: 3
Views: 478

Owners Title Insurance - Optional

I'm working on financing to buy a 3-season cabin in Minnesota. The lender tells me that title insurance is not required for the loan. I've always had it on my home (different state and lender required it edit: I may well be confusing buyer's and lender's TI here regarding the requirement, been a lon...
by IlliniDave
Wed Sep 17, 2014 6:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Owners Title Insurance - Optional
Replies: 3
Views: 478

Re: Experience w/financing for non-year round dwelling?

Okay, John, see what your saying. Thanks. Borrowing against my residence is an option to shed the unfavorable mortgage if I don't find another way around it. Calm man, you are correct, and my normal MO would be just to wait until I could buy in cash. But, one of my motives here is make this happen w...
by IlliniDave
Mon Sep 15, 2014 9:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Experience w/financing for non-year round dwelling?
Replies: 7
Views: 231

Re: Experience w/financing for non-year round dwelling?

IlliniDave, I'd still run this by your CPA. Just my $.02. I probably would if I had one. What aspect of it do you feel requires a CPAs attention? The real rub in all this is apparently the fact that the place can't be lived in year round, and I'm faced with an interest rate about 2% higher than it ...
by IlliniDave
Mon Sep 15, 2014 8:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Experience w/financing for non-year round dwelling?
Replies: 7
Views: 231

Re: Experience w/financing for non-year round dwelling?

We chose to pay-off our vacation (rental) property indebtedness with a re-fi on our principal residence. I assume the principles are the same. Even with a cash-out re-fi on our principal residence, the rate was ever so much lower than the existing rate on the vacation (rental) property. From a tax ...
by IlliniDave
Mon Sep 15, 2014 8:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Experience w/financing for non-year round dwelling?
Replies: 7
Views: 231

Experience w/financing for non-year round dwelling?

I trying to get a purchase agreement place to buy a 3-season (not suitable for winter habitation) cabin (well, septic, gas, electric, just not insulated well enough to protect water/septic lines from freezing) and have run into some reluctance by the sellers to sign the PA if I pursue financing from...
by IlliniDave
Mon Sep 15, 2014 8:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Experience w/financing for non-year round dwelling?
Replies: 7
Views: 231

Re: I've never been a fan of commodity funds

IlliniDave Of course you need to consider the results but also WHY they occurred as they did. If you invest in small value stocks and they have period of underperformance was the strategy wrong? When you buy insurance and you don't collect because the risks did not show up was the strategy of buyin...
by IlliniDave
Sun Sep 14, 2014 5:18 pm
 
Forum: Investing - Theory, News & General
Topic: I've never been a fan of commodity funds
Replies: 28
Views: 2310

Re: Suggestions /Advice for a fresh college graduate

Suggest/advice some choices for DS, who does not have a clue what he will be doing next. My 22 yr old son is an under graduate senior with Political Science major and Non Profit minor at a decent State University. He seems very vague as to what he wants to do next and seems to be looking for a job ...
by IlliniDave
Fri Sep 12, 2014 9:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Suggestions /Advice for a fresh college graduate
Replies: 29
Views: 1577

Re: I've never been a fan of commodity funds

... Never confuse strategy and outcome. Larry Not to pick on any one person, but seeing this quip tossed around here relatively frequently cracks me up. Yes, we all know that every now and again an arguably imprudent strategy will produce favorable results. In my line of work I often see the afterm...
by IlliniDave
Fri Sep 12, 2014 9:01 am
 
Forum: Investing - Theory, News & General
Topic: I've never been a fan of commodity funds
Replies: 28
Views: 2310

Re: Need help arrive at monthly expenses after retirement

I track my ongoing expenses pretty closely, and base future estimates on those. For my retirement income I'm shooting for my current expenses + $1000/mo. That's probably not very helpful, but I find it difficult to really nail down something with certainty so far in the future.
by IlliniDave
Mon Sep 08, 2014 3:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need help arrive at monthly expenses after retirement
Replies: 25
Views: 1649

Re: Employer finding out you have a financial cushion?

Maybe I'm naive, but I like to think my employer looks at me in terms of what value I bring to the operation and makes decisions that essentially affect retention based on those, and that my bank account balance has relatively little to do with it. In other words, that my employer is motivated by se...
by IlliniDave
Sun Sep 07, 2014 4:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Employer finding out you have a financial cushion?
Replies: 72
Views: 8138

Re: POLL: Has a financial firm made a mistake with your mone

A number of years ago a check I wrote for $200 was keyed in as $2,000. This was around the time when the bank stopped mailing canceled checks, making images available online. I was easily able to get the image in question. When I called the bank (a large regional bank since acquired by a larger bank...
by IlliniDave
Sat Sep 06, 2014 10:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Has a financial firm made a mistake with your money?
Replies: 52
Views: 2647

Re: Do you consider your emergency fund part of your portfol

I think the question can also be turned around. "Do you consider your portfolio a part of your emergency fund?" My answer would be "of course it is" regardless of how I classify it. Under certain conditions, and in extremely dire circumstances, it most definitely could be. We do...
by IlliniDave
Fri Sep 05, 2014 10:50 pm
 
Forum: Investing - Theory, News & General
Topic: Do you consider your emergency fund part of your portfolio?
Replies: 50
Views: 3053

Re: Poll: Cash Holdings

I don't consider it part of my portfolio, but today about 3.6% of my net worth is in cash--but that's unusual as I've got a large sinking fund for some ongoing home renovations and another sinking fund for part of a down payment on my retirement summer home. More typically it would be ~0.5%. My emer...
by IlliniDave
Fri Sep 05, 2014 10:38 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Cash Holdings
Replies: 65
Views: 3639

Re: Equities in tax-advantaged = bad?

No, investing in equities is a good thing. In some circumstances there are modest benefits to equities over taxable bonds in taxable accounts, but if the amount of bonds you want to own is less than your balance in tax-advantaged accounts, there's nothing bad about having the rest of your tax-advant...
by IlliniDave
Fri Sep 05, 2014 10:30 pm
 
Forum: Investing - Theory, News & General
Topic: Equities in tax-advantaged = bad?
Replies: 11
Views: 806

Re: Do you consider your emergency fund part of your portfol

I picked no. It is small enough in relation to the whole that it makes no material difference one way or the other, really. And the investments I hold it in are not what I would pick if it were part of what I consider my portfolio proper. I think in the end whatever makes a person feel better is the...
by IlliniDave
Fri Sep 05, 2014 10:20 pm
 
Forum: Investing - Theory, News & General
Topic: Do you consider your emergency fund part of your portfolio?
Replies: 50
Views: 3053

Re: Graduating Debt-Free, or with Elite College Degree?

One of the things I've seen first hand in the working world is that the correlation between career success and university academic reputation is not spectacularly high. That said, my line of work is not one where "connections" play a big role in success. With the disproportionate inflation...
by IlliniDave
Fri Sep 05, 2014 12:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Graduating Debt-Free, or with Elite College Degree?
Replies: 92
Views: 4872

Re: How exactly would you define market timing?

The desire/attempt to participate in markets solely during the upswings and to be absent from the market during any downswings.
by IlliniDave
Thu Sep 04, 2014 2:19 pm
 
Forum: Investing - Theory, News & General
Topic: How exactly would you define market timing?
Replies: 67
Views: 2012

Re: Pay off Debt, by cashing in Retirement account?

I'd have to put myself in the camp of saying it's best to avoid raiding your 401k. You might consider temporarily lowering your 401 contributions to the match threshold (if your employer matches) to help jumpstart the student loan paydown if it is important to you.
by IlliniDave
Thu Sep 04, 2014 5:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Pay off Debt, by cashing in Retirement account?
Replies: 25
Views: 2078

Re: Why is my 401k and taxable considered "One Portfolio"?

Theoretical question: Each account has different investment goals (retirement vs. 15yr wealth accumulation).... Shouldn't they thus have different AA's? Practical question: My 401k and taxable has equal balances ($200k each). If I truly follow Boglehead principles, and want 30% international exposu...
by IlliniDave
Thu Sep 04, 2014 5:08 am
 
Forum: Investing - Theory, News & General
Topic: Why is my 401k and taxable considered "One Portfolio"?
Replies: 37
Views: 2885

Re: Did you reveal to your kids...your savings and salary

I wasn't about to tell them while they were gradeschoolers. I probably would tell them approximately if they asked now that they're both over 21, but they don't ask.
by IlliniDave
Wed Sep 03, 2014 8:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Did you reveal to your kids...your savings and salary
Replies: 75
Views: 6900

Re: Shorten Mortgage or 401K or something else

My philosophy for someone relatively early in life is to get an emergency fund in place, get ongoing retirement savings in place, get the consumer debt eliminated, then focus on early paydown of mortgage. Also, you don't need to refinance to shorten your mortgage, just pay the appropriate amount of ...
by IlliniDave
Tue Sep 02, 2014 5:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Shorten Mortgage or 401K or something else
Replies: 15
Views: 1078

Re: 100% Stock Thread Collection

I was 100% stocks for almost 25 years, finally backing off in late 2007. I would do it again if I became 25 years younger. I won't ridicule those that choose otherwise. I don't know why people feel the need to deride the 100%-ers.
by IlliniDave
Mon Sep 01, 2014 2:56 pm
 
Forum: Investing - Theory, News & General
Topic: 100% Stock Thread Collection
Replies: 93
Views: 5402

Re: Poll: How many own zero/few stocks?

I have no shares of individual stocks except a few of my employer's stock that I've accumulated passively over the years (< 1% of my portfolio). I am about 70-80% in index funds. The rest are term/duration-based bond funds (e.g., intermediate-term tax-exempt), and a couple non-index Vanguard equity ...
by IlliniDave
Fri Aug 29, 2014 9:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: [Sell off individual stocks?] How many own zero/few stocks?
Replies: 68
Views: 2763

Re: Another Milestone

You can add that pension's present value into your net worth for fun & games, but I tend to agree with Leeraar that looking at your planned monthly INCOME in retirement starts to take precedence at this point (five years out)... This is sort of how I approach it, same with SS. Occasionally I'll...
by IlliniDave
Fri Aug 29, 2014 8:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Another Milestone
Replies: 9
Views: 1346

Re: A Low-Return Future? Are We Prepared?

I've always assumed a lower-than-historical future in my planning. And I have planned at sub-4% withdrawal targets. So I suppose I'm somewhat prepared. One thing I know is that life and the universe has infinite capacity to throw things at me I did not anticipate and/or could not fully guard against...
by IlliniDave
Fri Aug 29, 2014 8:05 am
 
Forum: Investing - Theory, News & General
Topic: A Low-Return Future? Are We Prepared?
Replies: 189
Views: 12294

Re: What's "The Herd" doing today?

Moving away from the herd is very bad if wolves are stalking it. Someone else said it, but the only big movement out there seems to be into index funds in general and Vanguard's in particular. Threads here about net cash flows into funds provide links. So following the herd isn't always a bad thing....
by IlliniDave
Wed Aug 27, 2014 1:08 pm
 
Forum: Investing - Theory, News & General
Topic: What's "The Herd" doing today?
Replies: 52
Views: 3529

Re: Mortgages and financial freedom

Good afternoon, all. I apologize for possibly revisiting some well-trodden ground. As background, I have a mortgage -- about $170k. My TIPI payment is about $1100. Don't itemize, so no tax benefit. I occasionally think about putting extra money towards the principal and weigh the various pros (quic...
by IlliniDave
Tue Aug 26, 2014 12:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgages and financial freedom
Replies: 111
Views: 6887

Re: Telling my friends I paid off my house was a mistake.

Some of my friends are spenders. They love to go places, eat out all of the time, lease cars, redecorate their houses all of the time, etc. My biggest mistake came when a small group of us were talking about a friend's bonus. They asked me what should they do. I told them they could invest it or pa...
by IlliniDave
Tue Aug 26, 2014 4:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Telling my friends I paid off my house was a mistake.
Replies: 73
Views: 10366

Re: What is your most memorable 1 week vacation?

For me it was portage canoe trips in the BWCAW/Quetico Provincial Park. They were typically 8-9 days, however. If things play out as I desire I'll spend my retirement summers very near there.
by IlliniDave
Mon Aug 25, 2014 5:21 am
 
Forum: Personal Consumer Issues
Topic: What is your most memorable 1 week vacation?
Replies: 91
Views: 7947

Re: convince me not to use traditional IRA for house downpay

The "finite" amount is often more than one can consistently afford. We often assume the saturated case in theory, whereas it is rare in real life (less rare among bogleheads, sure, but still uncommon). Many people have enough tax-advantaged space to be saving a third of their gross income...
by IlliniDave
Sat Aug 23, 2014 4:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: convince me not to use traditional IRA for house downpayment
Replies: 23
Views: 2435

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

I have 200 hours of "paid time off". We are not allowed to accumulate unused PTO above 40 hours from one year to the next (company views it as a debt that does not improve their future revenue and therefore wants it off the books). When I go on vacation I go on vacation, and do not think a...
by IlliniDave
Sat Aug 23, 2014 3:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you take all of your allowed paid vacation time?
Replies: 88
Views: 5755

Re: Slice n Dicers: How much have you outperformed?

I could if answer if I knew how the 3-fund in question was doing and over what time span you were referring to.
by IlliniDave
Sat Aug 23, 2014 3:33 pm
 
Forum: Investing - Theory, News & General
Topic: Slice n Dicers: How much have you outperformed?
Replies: 20
Views: 2495

Re: convince me not to use traditional IRA for house downpay

With IRA contributions capped annually, you've only got a finite amount you can get into one over a working lifetime and can't "replace" the withdrawn money at a future date. That would be the main reason I'd be reluctant to use tax-deferred assets for such a purchase at a relatively young...
by IlliniDave
Sat Aug 23, 2014 8:27 am
 
Forum: Personal Finance (Not Investing)
Topic: convince me not to use traditional IRA for house downpayment
Replies: 23
Views: 2435

Re: How To Budget Major Home Improvements

My strategy (future, not retired yet) is to determine, based on my current spending, what income I'll need to cover everything besides those large irregular items you mention. Then I will size my nest egg to support about $1K/month more than that amount at a 3% WR. I'll track that $1K/mo, although n...
by IlliniDave
Fri Aug 22, 2014 7:04 am
 
Forum: Personal Finance (Not Investing)
Topic: How To Budget Major Home Improvements
Replies: 4
Views: 813

Re: Good interview with John Bogle

In this case, we should all listen to Buffett and hold enough cash to be secure and put the rest in the Vanguard 500 Index. I actually did that for a few months and the short term results were pretty good except for the fact I turned into one of those people watching what the S&P did on a daily...
by IlliniDave
Fri Aug 22, 2014 6:41 am
 
Forum: Investing - Theory, News & General
Topic: Good interview with John Bogle
Replies: 34
Views: 3792

Re: Fed up with ATT

Just a follow-up. I went with magicJack and so far it has been flawless.
by IlliniDave
Thu Aug 21, 2014 11:50 am
 
Forum: Personal Consumer Issues
Topic: Fed up with ATT
Replies: 53
Views: 4909

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

I took the easy way and defined "wealthy" for myself as having more than enough. I also examined "enough" and explored in detail what my floor is there. So it was very easy for me to achieve wealthiness through investing. :happy I generally don't like to use the term "rich&q...
by IlliniDave
Thu Aug 21, 2014 5:56 am
 
Forum: Investing - Theory, News & General
Topic: To be truly rich, take stock of your life before investing
Replies: 30
Views: 4541

Re: Good interview with John Bogle

I hadn't seen it, so thanks for posting a link to it. He explicitly stated a couple of things that I've long inferred from his writing, and I was glad to get confirmation that I had understood correctly. Looks like a long, multi-part interview. I look forward to having a block of time to listen to t...
by IlliniDave
Thu Aug 21, 2014 5:43 am
 
Forum: Investing - Theory, News & General
Topic: Good interview with John Bogle
Replies: 34
Views: 3792

Re: When did you hear of Bill Miller and Legg Mason Value Tr

Never heard of him or it until I read about them in a book in 2012 (don't remember if it was one of Bogle's, or Bernstein's, or Malkiel).
by IlliniDave
Wed Aug 20, 2014 3:06 pm
 
Forum: Investing - Theory, News & General
Topic: When did you hear of Bill Miller and Legg Mason Value Trust?
Replies: 32
Views: 2376
Next

Return to advanced search