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Re: Links underlined in red?

It's something installed on your computer. Not sure where you picked it up but you should be able to remove it from add/remove programs in the Windows control panel.
by KyleAAA
Tue May 07, 2013 6:01 pm
 
Forum: Forum Issues and Administration
Topic: Links underlined in red?
Replies: 3
Views: 239

Re: Multiple asset classes - will your portfolio outperform?

As platforms go, you could do a lot worse than Wealthfront. 0.25% pa isn't bad, and it's not like the underlying investments are expensive, either. You do the same thing yourself for less but there are legitimate reasons some people may not want to. I personally tilt to small/value, so I'm sympathet...
by KyleAAA
Tue May 07, 2013 12:56 pm
 
Forum: Investing - Theory, News & General
Topic: Multiple asset classes - will your portfolio outperform?
Replies: 19
Views: 863

Re: Investing Now: Price/earnings ratio: 18.0x

Sounds like you're trying to time the market. The market dropped by half a few years ago and has already completely recovered. Sounds like a reasonable worst-case scenario.
by KyleAAA
Sun May 05, 2013 2:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing Now: Price/earnings ratio: 18.0x
Replies: 21
Views: 1300

Re: Jason Zweig on Financial Literacy Education

I've become more and more of the opinion over the last few years that widespread financial literacy movements are a waste of energy. Those who want to learn will seek it out - we all wound up here, after all. Those who don't, won't. No amount of required financial literacy classes in high school/col...
by KyleAAA
Sun May 05, 2013 1:51 pm
 
Forum: Investing - Theory, News & General
Topic: Jason Zweig on Financial Literacy Education
Replies: 31
Views: 2141

Re: College is Totally Worth It (at these schools)

This isn't really a valid comparison to make because in most cases, these kids don't have $220,000 on-hand to invest when they are 18. They also don't take cost-of-living into account. Of COURSE graduates in California are going to earn more, on average, than graduates in Kentucky or Mississippi eve...
by KyleAAA
Sun May 05, 2013 11:20 am
 
Forum: Personal Finance (Not Investing)
Topic: College is Totally Worth It (at these schools)
Replies: 39
Views: 2866

Re: 1.5% Financial Advisor... or index fund?

I'll go ahead and say what everybody else is thinking but not saying: there is a 0% chance the manager will beat a simple indexed portfolio over the long haul on a risk-adjusted basis. Not 10%. Not 1%. 0%. You're going to have to tell your wife she's wrong. Good luck with that.
by KyleAAA
Sat May 04, 2013 8:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: 1.5% Financial Advisor... or index fund?
Replies: 81
Views: 3684

Re: Internet sales tax laws affecting my business

I'm assuming you're talking about Amazon. You can get around it by using something like vigilinks, but you have to give up a slice of your revenue to them.
by KyleAAA
Fri May 03, 2013 3:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Internet sales tax laws affecting my business
Replies: 6
Views: 760

Re: BigMoney Jobs(high school student wants to be rich some

to the original poster: I HIGHLY recommend reading the book Stop Acting Rich: ...And Start Living Like A Real Millionaire http://www.amazon.com/Stop-Acting-Rich-And-Millionaire/dp/1118011570/ref=sr_1_1?ie=UTF8&qid=1367499456&sr=8-1&keywords=start+living+like+a+real+millionaire The book ...
by KyleAAA
Thu May 02, 2013 9:36 am
 
Forum: Personal Finance (Not Investing)
Topic: BigMoney Jobs(high school student wants to be rich some day)
Replies: 102
Views: 6453

Re: Meet Mr. Money Mustache, the man who retired at 30

Last time I will respond to you. Yes, he has a decent PR rank which was higher than I expected. No, he doesn't rank that well for those keywords you listed. Your search results are personalized, ranking MMM higher than in a "clean" search (which doesn't really exist anymore) because you h...
by KyleAAA
Wed May 01, 2013 12:55 pm
 
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 18455

Re: Investing in Multiple Funds to Minimize Risk

You're completely off. Don't buy multiple target funds. Just pick one and go with it. What do you hope to.gain by staggering target dates like that? You gain no additional diversification benefit. The diversification I was seeking was the safety from one fund going belly up. Also if I do happen to ...
by KyleAAA
Tue Apr 30, 2013 11:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing in Multiple Funds to Minimize Risk
Replies: 13
Views: 1099

Re: Investing in Multiple Funds to Minimize Risk

You're completely off. Don't buy multiple target funds. Just pick one and go with it. What do you hope to.gain by staggering target dates like that? You gain no additional diversification benefit.
by KyleAAA
Tue Apr 30, 2013 6:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing in Multiple Funds to Minimize Risk
Replies: 13
Views: 1099

Re: Bank mailed me letter, $5 fee starts in June, criminal.

Banks profit on the difference of the interest they pay me and turning around and lending that money to someone else. I don't care if it's $1 million or $50. To say that the bank makes nothing off of consumers with small balances is wrong. Are you just pulling all of our legs, or do you really beli...
by KyleAAA
Tue Apr 30, 2013 1:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bank mailed me letter, $5 fee starts in June
Replies: 122
Views: 6170

Re: Bank mailed me letter, $5 fee starts in June, criminal.

Banks profit on the difference of the interest they pay me and turning around and lending that money to someone else. I don't care if it's $1 million or $50. To say that the bank makes nothing off of consumers with small balances is wrong. Here's an honest question: how much do you think it costs t...
by KyleAAA
Tue Apr 30, 2013 1:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bank mailed me letter, $5 fee starts in June
Replies: 122
Views: 6170

Re: Meet Mr. Money Mustache, the man who retired at 30

Trent at TSD has never really struck me as a "retire early" blog but rather a frugal living/ financial independence blog. I believe he writes/blogs full-time, but does consider that a job (though one he enjoys much more than the corporate grind). Forgot if his wife works as well. Similar ...
by KyleAAA
Tue Apr 30, 2013 12:35 pm
 
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 18455

Re: Bank mailed me letter, $5 fee starts in June, criminal.

I have to smile. What "business" are you taking elsewhere? If you have less than $300 in your account with them, you really are just a nuisance, not a criminal. Sorry, but look at it from their point of view. So you think it's ok for banks to charge people to borrow their money? This is j...
by KyleAAA
Tue Apr 30, 2013 10:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Bank mailed me letter, $5 fee starts in June
Replies: 122
Views: 6170

Re: What home gym equipment do you have?

Powerblocks or some other adjustable dumbbell set. Having only 20 lbs dumbbells does limit you somewhat.

A kettlebell.

Maybe a medicine ball.

That's really all you need.
by KyleAAA
Mon Apr 29, 2013 1:30 pm
 
Forum: Personal Consumer Issues
Topic: What home gym equipment do you have?
Replies: 63
Views: 3352

Re: Web Deveoper (ASP.NET) - What to learn next?

Ruby on Rails is so hot right now.
by KyleAAA
Sun Apr 28, 2013 7:16 pm
 
Forum: Personal Consumer Issues
Topic: Web Deveoper (ASP.NET) - What to learn next?
Replies: 17
Views: 892

Re: Meet Mr. Money Mustache, the man who retired at 30

"If he is dispensing advice that has a high probability of causing harm, he is irresponsible." What advice is he dispensing that has a "high probability of causing harm"? Probably the 4% withdrawal rate at age 30 or 35. Correct me if I'm wrong, but I believe he's only advocating...
by KyleAAA
Sun Apr 28, 2013 2:02 pm
 
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 18455

Re: structured cd

My opinion is that why would you bother? Banks and insurance companies like to push the "guaranteed no loss of principal" angle because we irrationally latch onto it. There are simpler, more efficient means of accomplishing the same goals in almost all cases. A barbell portfolio would almo...
by KyleAAA
Sun Apr 28, 2013 1:28 pm
 
Forum: Investing - Theory, News & General
Topic: structured cd
Replies: 29
Views: 818

Re: Mom demands trust be professionally managed

I'd just like to give my 2 cents here after following this thread from the start. I'm amazed that no one has agreed with Leonard he is advocating for a very BH approach. I know I agree with him. The advice given here by most posters to me flies in the face of 99% of the advice I've seen on other qu...
by KyleAAA
Fri Apr 26, 2013 7:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Mom demands trust be professionally managed
Replies: 67
Views: 3761

Re: Mom demands trust be professionally managed

Folks; The additional expenses for the external manager is less than $1575 total fees for 5 years (0.07% x $450K x 5). There is no way I'd try to bulldoze my mother in law's opinions about the best place to put money for this little bit. And I'm 60 and have 30 years of investment experience. In the...
by KyleAAA
Fri Apr 26, 2013 11:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Mom demands trust be professionally managed
Replies: 67
Views: 3761

Re: Which employer would you pick?

My 2 cents: from what you say about the work environment, I would probably go with employer B. There might be financial advantages down the road, as well. Future employers often anchor on what you were paid at your last job. $90k+16K towards retirement doesn't sound as impressive as $110k.
by KyleAAA
Fri Apr 26, 2013 10:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Which employer would you pick?
Replies: 29
Views: 1612

Re: BigMoney Jobs(high school student wants to be rich some

Here's an article that recommends Petroleum Engineering. http://money.cnn.com/2013/04/25/news/economy/engineering-best-paid-jobs/index.html?iid=HP_LN I would be careful chasing "best starting salary" lists. Engineers tend to start out with good salaries but quickly plateau (usually within...
by KyleAAA
Thu Apr 25, 2013 3:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: BigMoney Jobs(high school student wants to be rich some day)
Replies: 102
Views: 6453

Re: A basic Question That Has Been Bothering Me

Yes, I know, I have read it over and over again. "Past performance doesn't guarantee future results". That being said, how do you balance that with something like the Wellington fund that has returned over 8%, on average, for 84 years! comments? To put this in perspective, what has the st...
by KyleAAA
Thu Apr 25, 2013 3:00 pm
 
Forum: Investing - Theory, News & General
Topic: A basic Question That Has Been Bothering Me
Replies: 30
Views: 3132

Re: BigMoney Jobs(high school student wants to be rich some

Here's an article that recommends Petroleum Engineering. http://money.cnn.com/2013/04/25/news/economy/engineering-best-paid-jobs/index.html?iid=HP_LN I would be careful chasing "best starting salary" lists. Engineers tend to start out with good salaries but quickly plateau (usually within...
by KyleAAA
Thu Apr 25, 2013 2:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: BigMoney Jobs(high school student wants to be rich some day)
Replies: 102
Views: 6453

Re: Mom demands trust be professionally managed

"Mom appears to be acting appropriately..." Seriously? If a 401k had a .7% fee or someone was using an asset manager with a .7% fee - most people on this forum would say that was highway robbery and would argue it's a breach of fiduciary duty to charge that much. But, putting money in a t...
by KyleAAA
Thu Apr 25, 2013 1:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Mom demands trust be professionally managed
Replies: 67
Views: 3761

Re: Mom demands trust be professionally managed

I've been a boglehead for years and even though I feel 100% comfortable managing my own money, I would not feel comfortable managing that kind of money for somebody else. I don't even like giving out concrete investment advice. I'd just let the pro handle it, if only for family reasons. If you inves...
by KyleAAA
Thu Apr 25, 2013 10:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Mom demands trust be professionally managed
Replies: 67
Views: 3761

Re: Are bitcoins something like internet tulips?

Why? There are plenty of alternative currencies out there, some of them VERY widely accepted throughout their domain, and none of them have EVER increased in value by 1000% just because some retailer started accepting them. Why would you pay $10,000 for a bitcoin to spend on Amazon would you could ...
by KyleAAA
Tue Apr 23, 2013 9:16 am
 
Forum: Investing - Theory, News & General
Topic: Are bitcoins something like internet tulips?
Replies: 62
Views: 3089

Re: Are bitcoins something like internet tulips?

Just last week the WSJ published an article stating that Western Union & Money Gram were beginning to look into viability of BC's. Just imagine for a moment if a major retailer(think Amazon) or a smaller company (Dominos) would accept BC's. There would be , IMO, a melt-up in their price. Increa...
by KyleAAA
Mon Apr 22, 2013 11:50 pm
 
Forum: Investing - Theory, News & General
Topic: Are bitcoins something like internet tulips?
Replies: 62
Views: 3089

Re: Standard Deviation of Passive Portfolios? (where to find

I keep thinking I should write a web tool that does this, but then I get lazy. The problem is where to find good, free, dynamically-updated data sets. Anybody know of any? Yahoo Finance is not a good solution, unfortunately.
by KyleAAA
Mon Apr 22, 2013 12:46 pm
 
Forum: Investing - Theory, News & General
Topic: Standard Deviation of Passive Portfolios? (where to find?)
Replies: 11
Views: 682

Re: Looking for advice on Wine.

What kind of wine do you like best? Pinot Noir is probably my favorite varietal and an excellent inexpensive option is I've been drinking lately is Gnarly Head: http://www.gnarlyhead.com/our-wines/pinot-noir/

All their wines are pretty good, in fact.
by KyleAAA
Mon Apr 22, 2013 10:42 am
 
Forum: Personal Consumer Issues
Topic: Looking for advice on Wine.
Replies: 33
Views: 1800

Re: plum creek lumber

I don't consider owning timber land-owning stocks to be the same as owning timber land in the same way I don't consider REITs to be the same as owning rental property. A basket of 100 timber land-owning stocks might be an okay proxy, but you can't even buy that. At least with REITs there are over 10...
by KyleAAA
Mon Apr 22, 2013 12:27 am
 
Forum: Investing - Theory, News & General
Topic: plum creek lumber
Replies: 35
Views: 3922

Re: Help w/ a $55M portfolio?

25 million will disappear into thin air if you die today (depending on spouse, location etc). You can't possibly be worried about the minutia of investing with that hanging over your head. Why not? By the time you're dead, you won't care about the money anymore. Seems much more profitable for the O...
by KyleAAA
Mon Apr 22, 2013 12:05 am
 
Forum: Investing - Help with Personal Investments
Topic: Help w/ a $55M portfolio?
Replies: 51
Views: 6490

Re: Inherited Morgan Stanley stock portfolio

Since you presumably got a stepped-up basis, there will never be a better time to liquidate and diversify with no tax consequences. I'd follow your son's advice. I don't disagree with this advice, but, on the other hand I don't see much harm in keeping the account either. It would be about 12% of y...
by KyleAAA
Sun Apr 21, 2013 8:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inherited Morgan Stanley stock portfolio
Replies: 21
Views: 1452

Re: Help w/ a $55M portfolio?

25 million will disappear into thin air if you die today (depending on spouse, location etc). You can't possibly be worried about the minutia of investing with that hanging over your head. Why not? By the time you're dead, you won't care about the money anymore. Seems much more profitable for the O...
by KyleAAA
Sun Apr 21, 2013 8:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help w/ a $55M portfolio?
Replies: 51
Views: 6490

Re: Inherited Morgan Stanley stock portfolio

Since you presumably got a stepped-up basis, there will never be a better time to liquidate and diversify with no tax consequences. I'd follow your son's advice.
by KyleAAA
Sun Apr 21, 2013 7:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inherited Morgan Stanley stock portfolio
Replies: 21
Views: 1452

Re: Help w/ a $55M portfolio?

I would get rid of all your sector stock funds and invest only in the total stock market and total international stock market funds. There's no point getting fancy. Other than that, your portfolio is reasonable and conservative and I would probably just continue with that. Your income needs are smal...
by KyleAAA
Sat Apr 20, 2013 10:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Help w/ a $55M portfolio?
Replies: 51
Views: 6490

Re: Are bitcoins something like internet tulips?

It's just an alternative currency, of which there are many in existence. You can buy a lot of things online with bitcoins but I'm not aware of any brick & mortar retailers that accept them.
by KyleAAA
Fri Apr 19, 2013 1:15 pm
 
Forum: Investing - Theory, News & General
Topic: Are bitcoins something like internet tulips?
Replies: 62
Views: 3089

Re: Advice Wanted: Which Bond Fund in a Lazy Portfolio?

I would say if you don't have a very good reason to go with one fund over another, just split the difference and pick a generic intermediate-term bond index. That said, one could make a very good argument to go with a short-term fund in this environment. In the long run it likely won't make a huge d...
by KyleAAA
Fri Apr 19, 2013 12:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice Wanted: Which Bond Fund in a Lazy Portfolio?
Replies: 6
Views: 1417

Re: Options - T. Rowe Price 401k

T Rowe Price's retirement date funds are actually pretty decent. I'd just go with one of those.
by KyleAAA
Fri Apr 19, 2013 9:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Options - T. Rowe Price 401k
Replies: 15
Views: 894

Re: Help me manage a $7 million portfolio.

Way too aggressive. She has no knowledge of investing, so how do you think she'd react if she lost half her money in less than a year? Probably not positively. A 60/40 or 50/50 split is far more reasonable. How much income does she need?
by KyleAAA
Tue Apr 16, 2013 6:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help me manage a $7 million portfolio.
Replies: 83
Views: 6376

Re: Had a flat car tire, changed it, what now?

Tire stores usually charge $20-30 and will do all the labor for you.
by KyleAAA
Tue Apr 16, 2013 4:59 pm
 
Forum: Personal Consumer Issues
Topic: Had a flat car tire, changed it, what now?
Replies: 49
Views: 2489

Re: Can a minor make gifts?

Either it would be taxable to THEM under YOUR marginal rate or it would be taxable to YOU under YOUR tax rate. Either way, you're paying the same tax on the same income. I also agree with the above poster who said it would be highly questionable to have our children gift wealth to you.
by KyleAAA
Tue Apr 16, 2013 4:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can a minor make gifts?
Replies: 7
Views: 671

Re: 3-fund portfolio twice?

>>> It's very easy to withdraw from a 401k before age 60 without penalty Oh, I wasn't aware of this? How? I don't think you can withdraw without penalty prior to age 55. I believe you can make SEPP at any age so long as you follow the rules. The IRS guide seems to say you can. http://www.irs.gov/Re...
by KyleAAA
Tue Apr 16, 2013 2:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: 3-fund portfolio twice?
Replies: 15
Views: 1159

Re: VG Pays $28k for "Movers & Shakespeare"

I don't know if outsiders are in any position to judge whether or not this qualifies as frivolous spending. I've had some training I found very useful and some I found less useful.
by KyleAAA
Tue Apr 16, 2013 2:48 pm
 
Forum: Investing - Theory, News & General
Topic: VG Pays $28k for "Movers & Shakespeare"
Replies: 30
Views: 2174

Re: 3-fund portfolio twice?

It's very easy to withdraw from a 401k before age 60 without penalty. You're leaving money on the table by not maxing out your tax-deferred space before investing in a taxable account. If you really want to build a sizable taxable account, find a way to make more money.
by KyleAAA
Tue Apr 16, 2013 1:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: 3-fund portfolio twice?
Replies: 15
Views: 1159

Re: VG Pays $28k for "Movers & Shakespeare"

I can't say I'm even slightly concerned a company with $2 trillion in assets under management is spending $28k on employee training.
by KyleAAA
Tue Apr 16, 2013 1:02 pm
 
Forum: Investing - Theory, News & General
Topic: VG Pays $28k for "Movers & Shakespeare"
Replies: 30
Views: 2174

Re: I need an emerging mkt fund (not Vanguard)

You're disappointed by the Vanguard fund's return? It's averaged almost 16% per year over the past decade and almost 9% per year over the past 15 years. Not too shabby.
by KyleAAA
Mon Apr 15, 2013 9:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: I need an emerging mkt fund (not Vanguard)
Replies: 20
Views: 1721

Re: Second Career Abroad, Teaching ESL

I have a number of friends who have done it all over the globe. Pay is pretty low from what I can tell, but they all seemed to enjoy themselves.
by KyleAAA
Mon Apr 15, 2013 7:20 pm
 
Forum: Personal Consumer Issues
Topic: Second Career Abroad, Teaching ESL
Replies: 25
Views: 1355

Re: Poll: How many $100 dinners out per year?

Probably every other month or so I'll drop over $100 on a meal. Usually it's the wine and desert that puts it over the top. $50 meals are commonplace, though.
by KyleAAA
Mon Apr 15, 2013 1:13 pm
 
Forum: Personal Consumer Issues
Topic: Poll: How many $100 dinners out per year?
Replies: 152
Views: 8364
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