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by Leesbro63
Sun May 24, 2015 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: Investing large sum, Mega Millions Lottery is $214 Million
Replies: 7
Views: 1547

Re: Investing large sum, Mega Millions Lottery is $214 Million

The actual amount is probably more like 1/4th that since it's advertised as the total 20 year annuity sum. And before taxes. Nevertheless, $50M probably should be invested similar to investing $50,000. A few differences would be tax brackets and the fact that $50M is probably a multigenerational thi...
by Leesbro63
Sat May 23, 2015 10:05 am
Forum: Investing - Theory, News & General
Topic: Bill Gross Thinks the End Is Near
Replies: 54
Views: 6656

Re: Bill Gross Thinks the End Is Near

When I read the title I first though that Mr Gross had been diagnosed with a life threatening illness. Hasn't he been predicting for decades, and getting it wrong most of the time? He got it right a few years back, and has ridden that train for years. Anyone can get lucky a few times. :sharebeer Un...
by Leesbro63
Sat May 23, 2015 9:39 am
Forum: Personal Consumer Issues
Topic: Lexus vs. MB vs. BMW
Replies: 78
Views: 6149

Re: Lexus vs. MB vs. BMW

The problem with Volvo is that it's near the bottom of reliability studies, like this recent one (that, by the way, puts Lexus at the top again): http://www.jdpower.com/sites/default/files/2015020%20VDS_Final.pdf ADDITION to my prior post as a new post: I looked at this again and it's amazing that ...
by Leesbro63
Sat May 23, 2015 9:36 am
Forum: Personal Consumer Issues
Topic: Lexus vs. MB vs. BMW
Replies: 78
Views: 6149

Re: Lexus vs. MB vs. BMW

The problem with Volvo is that it's near the bottom of reliability studies, like this recent one (that, by the way, puts Lexus at the top again):

http://www.jdpower.com/sites/default/fi ... _Final.pdf
by Leesbro63
Sat May 23, 2015 6:53 am
Forum: Personal Finance (Not Investing)
Topic: Friends/Family that don't invest!
Replies: 69
Views: 6474

Re: Friends/Family that don't invest!

mikegerard wrote:The American dream...get a raise, turn in your leased car early, get a more expensive lease....rinse and repeat.


+1. This made me laugh. :D
by Leesbro63
Sat May 23, 2015 6:47 am
Forum: Investing - Theory, News & General
Topic: Bill Gross Thinks the End Is Near
Replies: 54
Views: 6656

Re: Bill Gross Thinks the End Is Near

If Gross is so smart, how did he manage to lose his job at Pimco? What does one have to do with the other? Bogle also once famously lost his job. There might actually be something to this with Gross. Some of the reports suggested behavior not seen by him previously. It might be that something is wr...
by Leesbro63
Fri May 22, 2015 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: please confirm: early retirement
Replies: 90
Views: 7041

Re: please confirm: early retirement

The potential for unexpected huge health insurance premium hikes would scare me. But the ability to go back to work would temper that. Many who retire early don't have that option and are at the mercy of whatever happens to very uncertain health ins premiums.
by Leesbro63
Fri May 22, 2015 5:49 pm
Forum: Investing - Theory, News & General
Topic: Bill Gross Thinks the End Is Near
Replies: 54
Views: 6656

Re: Bill Gross Thinks the End Is Near

I, too, am suspect that we may be in a temporary Fed-induced asset bubble. But I wouldn't look to Gross for an opinion. He's been wrong on so much over the past 10ish years. And frankly some reports that were published about his behavior make me wonder if he's not just losing it. I wish him well and...
by Leesbro63
Fri May 22, 2015 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Friends/Family that don't invest!
Replies: 69
Views: 6474

Re: Friends/Family that don't invest!

I've heard two big excuses to not invest: 1. Might lose it/markets risky. 2. Might die tomorrow. Both of these are just excuses for living beyond one's means, which I actually think falls into the category of addiction.
by Leesbro63
Fri May 22, 2015 4:32 am
Forum: Personal Consumer Issues
Topic: Lexus vs. MB vs. BMW
Replies: 78
Views: 6149

Re: Lexus vs. MB vs. BMW

Mercedes reliability and quality was at an all time low in the mid-2000s and has since improved dramatically. The new S-class is closer competition to a Rolls or Bentley than the LS460. While the LS460 is a solid car, Mercedes has taken luxury and flagship status of the car to a new level with the ...
by Leesbro63
Thu May 21, 2015 5:49 pm
Forum: Personal Consumer Issues
Topic: Lexus vs. MB vs. BMW
Replies: 78
Views: 6149

Re: Lexus vs. MB vs. BMW

randomguy wrote: Service costs are high but that is true of Lexus (and pretty much any other luxury brand).
Not really much more than servicing a Toyota if you are smart.
by Leesbro63
Thu May 21, 2015 5:48 pm
Forum: Personal Consumer Issues
Topic: Lexus vs. MB vs. BMW
Replies: 78
Views: 6149

Re: Lexus vs. MB vs. BMW

The Lexus flagship sedan the LS460 has fallen well behind the MB S-Class, 7 series and A8. MB has been very solid in reliability for the last 10 years. Lexus does not necessarily win on reliability any longer (but will on cost), MB is building solid cars last 10 years. The small premium you would p...
by Leesbro63
Thu May 21, 2015 1:07 pm
Forum: Personal Consumer Issues
Topic: Lexus vs. MB vs. BMW
Replies: 78
Views: 6149

Re: Lexus vs. MB vs. BMW

I'm a little bemused when people warn about maintenance costs on top-end luxury cars. I realise I'm not being completely reasonable, but a bit of me thinks if you care about maintenance cost you wouldn't be buying that sort of car anyway. If you are already paying tens of thousands extra for luxury...
by Leesbro63
Thu May 21, 2015 1:05 pm
Forum: Personal Consumer Issues
Topic: Lexus vs. MB vs. BMW
Replies: 78
Views: 6149

Re: Lexus vs. MB vs. BMW

I'm a little bemused when people warn about maintenance costs on top-end luxury cars. I realise I'm not being completely reasonable, but a bit of me thinks if you care about maintenance cost you wouldn't be buying that sort of car anyway. If you are already paying tens of thousands extra for luxury...
by Leesbro63
Thu May 21, 2015 8:11 am
Forum: Personal Consumer Issues
Topic: Lexus vs. MB vs. BMW
Replies: 78
Views: 6149

Re: Lexus vs. MB vs. BMW

I bought the Gen3 RX350 in Dec. 2009 - a 2010 model year. I now have nearly 145k miles on it, and have had to do nothing except regular maintenance...including 2 sets of tires, and dealer service, I've averaged about $2k in costs to maintain it each year. There is a Lexus forum that is likely to an...
by Leesbro63
Thu May 21, 2015 12:12 am
Forum: Personal Consumer Issues
Topic: Lexus vs. MB vs. BMW
Replies: 78
Views: 6149

Re: Lexus vs. MB vs. BMW

I bought the Gen3 RX350 in Dec. 2009 - a 2010 model year. I now have nearly 145k miles on it, and have had to do nothing except regular maintenance...including 2 sets of tires, and dealer service, I've averaged about $2k in costs to maintain it each year. There is a Lexus forum that is likely to an...
by Leesbro63
Tue May 19, 2015 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Transfer on Death account
Replies: 12
Views: 1663

Re: Transfer on Death account

student wrote:Thank you for the suggestions. A lawyer did the living trust for me. I will visit the lawyer next year to update my documents.


Next year? This is important stuff. Now that you've focused on this, why not fix it NOW, while you're mind is there?
by Leesbro63
Tue May 19, 2015 10:41 am
Forum: Investing - Theory, News & General
Topic: Your thoughts about Peter Schiff's doomsday prediction
Replies: 39
Views: 7046

Re: Your thoughts about Peter Schiff's doomsday prediction

I still worry that the current economy might not be real, but I found this old thread and thought it would be fun to look at another prediction that crashed and burned. Even if Schiff turns out to be right sometime soon, his timing was so bad that he's still wrong.
by Leesbro63
Sun May 17, 2015 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Transfer on Death account
Replies: 12
Views: 1663

Re: Transfer on Death account

Do I need a lawyer? Sounds like it. If the Trust is already done, I'd bet the lawyer who did it could create for you a checklist of "completion items" for you to do and that this would not cost too much. I think the TOD to your Trust would work, but it adds a step for your Executor/Truste...
by Leesbro63
Fri May 15, 2015 4:37 pm
Forum: Investing - Theory, News & General
Topic: Best Asset Allocation if you've "won the game"
Replies: 86
Views: 8436

Re: Best Asset Allocation if you've "won the game"

I'm not at retirement yet. But if I was and wanted a safe portfolio, I would buy mostly TIPs. This doesn't work well for large taxable accounts. Because if the very inflation that TIPS hedges ever flares up, you'll lose real purchasing power due to taxflation. So I'd answer the question, for those ...
by Leesbro63
Mon May 11, 2015 9:49 am
Forum: Personal Finance (Not Investing)
Topic: New Math for Retirees and the 4% Withdrawal Rule
Replies: 89
Views: 9798

Re: NYT article on 4% retirement

We let these guys off too easily. The reduction in consensus estimates for "safe" or "sustainable" withdrawal rates between 1994 and 2015 invalidates the idea and methodology of trying to estimate these rates. While taking a couple of Stanford courses on Retirement & Pension...
by Leesbro63
Sat May 09, 2015 1:14 pm
Forum: Investing - Theory, News & General
Topic: Buffett vs The Market Since The Crash
Replies: 5
Views: 1071

Buffett vs The Market Since The Crash

I am trying to figure out how Berkshire Hathaway stock has performed vs the S&P500 or "VTI" with dividends reinvested since about the bottom of the 2008-9 crash. Has W.B. beaten the market?
by Leesbro63
Sat May 09, 2015 8:59 am
Forum: Personal Finance (Not Investing)
Topic: New Math for Retirees and the 4% Withdrawal Rule
Replies: 89
Views: 9798

Re: New Math for Retirees and the 4% Withdrawal Rule

Rick Ferri says that he advises his clients to "spend the income"...dividends and interest from, I assume, balanced portfolios. That's my plan. And if things are going well and I want to splurge beyond that once in a while, then fine.
by Leesbro63
Sat May 09, 2015 8:03 am
Forum: Personal Finance (Not Investing)
Topic: New Math for Retirees and the 4% Withdrawal Rule
Replies: 89
Views: 9798

Re: NYT article on 4% retirement

Interesting that Mr. Bengen, only age 67, who created the 4% ruled based on staying the course, seems to have quit managing money, including his own. Perhaps this has something to do with it, from Nov 5, 2008: "Self-Discovery Bengen also is keeping his clients out of equities. Normally, he says...
by Leesbro63
Thu May 07, 2015 6:22 am
Forum: Investing - Theory, News & General
Topic: McNabb op ed - possible 8% cash requirement
Replies: 33
Views: 2992

Re: McNabb op ed - possible 8% cash requirement

So would, say Vanguard Total Market, then become a 92/8 fund for purposes of our asset allocation?
by Leesbro63
Wed May 06, 2015 9:24 am
Forum: Personal Consumer Issues
Topic: Frugal car maintenance - Lexus serviced by Toyota
Replies: 49
Views: 3523

Re: Frugal car maintenance - Lexus serviced by Toyota

For what it's worth, many Lexi require 5000 mile oil changes. I've come to conclude that it's not worth it to use synthetic since good old dino remains lasts just fine for 5000 miles. My wife's newer 2014 RX350 and son's Corolla can go 10,000 miles so for them I will use the required synthetic.
by Leesbro63
Tue May 05, 2015 5:54 pm
Forum: Personal Consumer Issues
Topic: Frugal car maintenance - Lexus serviced by Toyota
Replies: 49
Views: 3523

Re: Frugal car maintenance - Lexus serviced by Toyota

I get more cost efficient results by asking for specific services - oil/filter change, trans fluid change, etc. vs. just asking for the 30,000 mile, etc. service which often contains silly things like "check horn function." +1. Most of the "major" services are just routine oil c...
by Leesbro63
Tue May 05, 2015 5:52 pm
Forum: Personal Consumer Issues
Topic: Reasonable to see a PA for Derm screening?
Replies: 5
Views: 487

Re: Reasonable to see a PA for Derm screening?

This is the way health care is going. I don't love it either, but I've resigned myself to get used to it.
by Leesbro63
Tue May 05, 2015 4:52 pm
Forum: Personal Consumer Issues
Topic: Frugal car maintenance - Lexus serviced by Toyota
Replies: 49
Views: 3523

Re: Frugal car maintenance - Lexus serviced by Toyota

And don't believe the BS about enhanced trade in value blah blah blah. Do the required maintenance and save the receipts. You're not gonna get .01 more for a car serviced by the dealer vs an independent.
by Leesbro63
Tue May 05, 2015 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card for 16 Years Old
Replies: 20
Views: 1073

Re: Credit Card for 16 Years Old

My 25 year old was 12 when I made her an authorized user on my card. Her credit score was close to 800 when she turned 18! It's my understanding that this can't happen that way any more. But the OP is on the right track. Make junior an AU on, perhaps, a separate card that you treat as "his"...
by Leesbro63
Tue May 05, 2015 4:43 pm
Forum: Personal Consumer Issues
Topic: Frugal car maintenance - Lexus serviced by Toyota
Replies: 49
Views: 3523

Re: Frugal car maintenance - Lexus serviced by Toyota

I've owned many Lexi starting with the first 1990 LS400. NEVER use the Lexus dealer for routine service. For me the best option has been a good independent.
by Leesbro63
Tue May 05, 2015 3:00 pm
Forum: Personal Consumer Issues
Topic: Looking to Retire in Cleveland
Replies: 32
Views: 2493

Re: Looking to Retire in Cleveland

If you have a lot of retirement income from pensions and IRAs, you might want to consider Western PA instead that does not tax this at all
by Leesbro63
Tue May 05, 2015 10:32 am
Forum: Personal Consumer Issues
Topic: New car every 5 years instead of 10?
Replies: 129
Views: 9894

Re: New car every 5 years instead of 10?

DELETED. Posted twice accidentally.
by Leesbro63
Tue May 05, 2015 10:32 am
Forum: Personal Consumer Issues
Topic: New car every 5 years instead of 10?
Replies: 129
Views: 9894

Re: New car every 5 years instead of 10?

Also at 10+ years, there is the question of age failure of safety components. Will the airbags actually work? Might hidden rust on the frame cause a frame to fold? This is particularly true up here in the rust belt.
by Leesbro63
Tue May 05, 2015 9:58 am
Forum: Personal Consumer Issues
Topic: New car every 5 years instead of 10?
Replies: 129
Views: 9894

Re: New car every 5 years instead of 10?

My wife's 2014 Lexus has BLIND SPOT MONITOR. This is the one and only safety thing that I found to be a big improvement over her old 2006 Lexus. I do not believe it's important enough to justify replacing a "still good" car, however. Along those lines, I found this to be a VERY valuable an...
by Leesbro63
Tue May 05, 2015 9:55 am
Forum: Personal Consumer Issues
Topic: New car every 5 years instead of 10?
Replies: 129
Views: 9894

Re: New car every 5 years instead of 10?

So I guess this conversation has morphed into three separate questions: 1. Which is cheaper, keeping a car 5 years or 10 (or longer)? The answer appears to be, in general, "the longer you keep it, the more you save". 2. When do safety improvements make it worthwhile to spend the money to r...
by Leesbro63
Tue May 05, 2015 7:08 am
Forum: Personal Consumer Issues
Topic: New car every 5 years instead of 10?
Replies: 129
Views: 9894

Re: New car every 5 years instead of 10?

Sorry but I think driving a 17 year old ANYCAR is foolish from a safety perspective. I don't think there is much difference between a 2010 car and similar 2015 car, but from 1998 to now there are huge safety improvements. I view this like life, disability, fire and liability insurance. Continuing to...
by Leesbro63
Mon May 04, 2015 5:48 pm
Forum: Personal Consumer Issues
Topic: New car every 5 years instead of 10?
Replies: 129
Views: 9894

Re: New car every 5 years instead of 10?

Another factor is location. Here in the snowbelt a car can get pretty beaten up much quicker than in the sunbelt.
by Leesbro63
Sun May 03, 2015 3:31 pm
Forum: Personal Consumer Issues
Topic: Headset For Home Phone
Replies: 4
Views: 307

Headset For Home Phone

I am interested in purchasing a wireless headset for my home phone. I want something that just plugs into a phone jack and does not require complicated installation. Any suggestions.
by Leesbro63
Sun May 03, 2015 2:02 pm
Forum: Forum Issues and Administration
Topic: Forum software upgrade bug reports and change requests
Replies: 206
Views: 9402

Re: Forum software upgrade bug reports and change requests

I really miss the "View Your Posts" tab in the upper left. Now you have to go through 2 steps via "Quick Links". But I do recognize that you guys are volunteers so I won't forget to say thank you for trying to improve what might be the most valuable financial tool in the world. F...
by Leesbro63
Sun May 03, 2015 2:01 pm
Forum: Personal Consumer Issues
Topic: New car every 5 years instead of 10?
Replies: 129
Views: 9894

Re: New car every 5 years instead of 10?

It's also not clear if the safety curve has not plateaued. For a while there were all sorts of new safety stuff worth replacing an older car for. I'm not so sure that a 2015 car has THAT much more than a 2010...which probably DID have much more than a 2005 which had much more than a 2000. In other w...
by Leesbro63
Thu Apr 30, 2015 5:33 am
Forum: Personal Consumer Issues
Topic: New car every 5 years instead of 10?
Replies: 129
Views: 9894

Re: New car every 5 years instead of 10?

Let's play this hypothetical game. What if you bought a car that was 1-3 years old every 5 years? I think you would be making out a bit better. Worth some thought. I disagree with this. There have been many other threads about how 1-3 year old cars, especially the ones rated highly, end up costing ...
by Leesbro63
Wed Apr 29, 2015 7:46 pm
Forum: Personal Consumer Issues
Topic: New car every 5 years instead of 10?
Replies: 129
Views: 9894

Re: New car every 5 years instead of 10?

The tires and to a lesser degree, brakes, will be paid for either way by the original owner. Either thru replacement or thru lower resale value
by Leesbro63
Wed Apr 29, 2015 7:43 pm
Forum: Personal Consumer Issues
Topic: New car every 5 years instead of 10?
Replies: 129
Views: 9894

Re: New car every 5 years instead of 10?

New every 5 is more costly than new every 10. But not twice as much. I'd guess maybe 25% more over, say, 20 years. That being said it might be worth 25% more to not have to hassle with aging car issues out of warranty.
Sometimes it's not just about the absolute lowest cost way to drive.
by Leesbro63
Wed Apr 29, 2015 3:18 pm
Forum: Investing - Theory, News & General
Topic: US stocks returned "just 0.6%" 1915-1982
Replies: 56
Views: 5666

Re: US stocks returned "just 0.6%" 1915-1984

It would appear that dividends, while indeed mentioned toward the end of the article, were not factored in here.
by Leesbro63
Mon Apr 27, 2015 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Car insurance status changes for college kids
Replies: 8
Views: 770

Re: Car insurance status changes for college kids

My Geico policy has an away at college discount that is based on going to college far away (not sure minimum distance). My kids are still listed on my cars and are covered when they are home, but cost $0. When one child got a car to take away to school we were able to get a Geico policy in their ow...
by Leesbro63
Sun Apr 26, 2015 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Is the 1% Cost of Managing Money Worth It?
Replies: 53
Views: 4768

Re: Is the 1% Cost of Managing Money Worth It?

This is one area that you must be very careful and understand fully. For example, if I worked 40 years to have a $2mil 401k plan and I roll it over and have it professionally managed, 1%($20,000) is skimmed right of the top, before they do once ounce of good for me. I would rather give them 50% of ...
by Leesbro63
Sun Apr 26, 2015 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Spendy spouse
Replies: 110
Views: 10731

Re: Spendy spouse

The OP might want to decide if it's just a matter of loosening up a bit for the sake of marital harmony or if it's a matter of the "bottomless pit". Where the spendy-spouse will never be satisfied, hopelessly trying to fill an inner void with material items. If so, this is beyond the scope...
by Leesbro63
Sun Apr 26, 2015 8:22 am
Forum: Investing - Theory, News & General
Topic: Kitces on Asset Location
Replies: 21
Views: 1605

Re: Kitces on Asset Location

He also missed the fact that for many, the portfolio you have may be more efficient than the portfolio suggested by theory. Because many tax loss harvested in 2009 and are sitting on large unrealized capital gains. That's my situation. If I had to do it all over again, I'd tax-diversify...some stock...
by Leesbro63
Sat Apr 25, 2015 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Is the 1% Cost of Managing Money Worth It?
Replies: 53
Views: 4768

Re: Is the 1% Cost of Managing Money Worth It?

My parents in retirement pay their guy 1% to manage their money despite my suggestions to the contrary. But they are paying for far more than asset allocation. He also does their taxes and manages their affairs when they are traveling overseas for months at a time, moving money from their investmen...

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