Search found 3920 matches

Return to advanced search

Re: Warren Buffett on equties, treasuries, and "risk"

If you have enough money, you could also invest in less liquid things like timber, private equity, etc. For the purposes of "risk" these should count as stocks. Not perfectly correlated with TSM, but volatile. I don't endorse timber or private equity, although I don't really know much abo...
by Leesbro63
Mon Apr 20, 2015 4:38 pm
 
Forum: Investing - Theory, News & General
Topic: Warren Buffett on equties, treasuries, and "risk"
Replies: 10
Views: 936

Re: Warren Buffett on equties, treasuries, and "risk"

And I'm 55/45 at age 55 and also concerned that reducing equities may not reduce long term risk overall due to the current risks of fixed income
by Leesbro63
Mon Apr 20, 2015 4:09 pm
 
Forum: Investing - Theory, News & General
Topic: Warren Buffett on equties, treasuries, and "risk"
Replies: 10
Views: 936

Re: Bernstein: "If you've won the game, stop playing."

itstoomuch wrote: I have no qualms in attempting to replicate the DB plan of public employees in a privately purchased GWIB annuity that could break the annuity company in the longterm.


What does this mean?
by Leesbro63
Mon Apr 20, 2015 2:32 pm
 
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 131
Views: 12222

Re: Bernstein: "If you've won the game, stop playing."

When Bill Bernstein talks about investing in bonds he probably means short-term US Treasuries. Are those bonds risky? They were for my grandmother who lived as a widow (savings stopped when gramps died in 1970) from 1970-1991 and would only use short term "safe" fixed income investments. ...
by Leesbro63
Mon Apr 20, 2015 2:30 pm
 
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 131
Views: 12222

Re: Bernstein: "If you've won the game, stop playing."

When Bill Bernstein talks about investing in bonds he probably means short-term US Treasuries. Are those bonds risky? They were for my grandmother who lived as a widow (savings stopped when gramps died in 1970) from 1970-1991 and would only use short term "safe" fixed income investments. ...
by Leesbro63
Mon Apr 20, 2015 12:24 pm
 
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 131
Views: 12222

Re: Bernstein: "If you've won the game, stop playing."

If the EE bond is held for exactly 20 years, the YTM at that point is an annual return of 3.53%. Do you believe that the rate of inflation will exceed 3.53% is the right question. I'm not sure that this is the right question alone. The other important factor is what are the consequences if it excee...
by Leesbro63
Mon Apr 20, 2015 12:02 pm
 
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 131
Views: 12222

Re: Bernstein: "If you've won the game, stop playing."

William Bernstein advises retirees and near-retirees to avoid investing in risky assets such as stocks, at least with money needed to provide an adequate income stream. Is anybody acting on this advice and what is your strategy? I am not acting on his advice. I view bonds as just as risky to my ret...
by Leesbro63
Mon Apr 20, 2015 11:57 am
 
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 131
Views: 12222

Re: John Bogle vs Jim Grant Debate

Thanks for posting this. Interesting. I started reading Grant years before I learned about Bogle. IMHO I find Grant to be somewhat of an odd-ball, albeit brilliant. And generally a permabear.
by Leesbro63
Fri Apr 17, 2015 10:00 am
 
Forum: Investing - Theory, News & General
Topic: John Bogle vs Jim Grant Debate
Replies: 14
Views: 2042

Re: Is it ok to NOT have significant taxable investments?

One problem related to all this is that for many, tax-sheltered space is limited. Only so many dollars per year can be invested in sheltered accounts. So this becomes an excuse to spend the difference. For many, the amounts able to be saved in tax-sheltered is the right amount. But for many others, ...
by Leesbro63
Thu Apr 16, 2015 6:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Is it ok to NOT have significant taxable investments?
Replies: 48
Views: 4608

Re: Is it ok to NOT have significant taxable investments?

In my opinion, the ONLY "advantage" that taxable accounts have over tax-advantaged accounts is that there is no early withdrawl fee if you withdraw before age 59 1/2. If you have a robust emergency fund and are adequately insured this should never happen anyway. Well, another advantage is...
by Leesbro63
Wed Apr 15, 2015 3:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is it ok to NOT have significant taxable investments?
Replies: 48
Views: 4608

EmergDoc on Radio Show Podcast

[Thread merged into here, see below. --admin LadyGeek] I haven't listened yet, but I see that EmergDoc is the guest on Jim Lange's podcast 143, here: http://www.paytaxeslater.com/radioshow.php I've heard Larry Swedroe, Bruce Steiner, Bill Bernstein and even Jack Bogle as guests. Lange is not quite ...
by Leesbro63
Wed Apr 15, 2015 2:57 pm
 
Forum: Investing - Theory, News & General
Topic: EmergDoc on the James Lange Program
Replies: 17
Views: 3334

Re: Is it ok to NOT have significant taxable investments?

A local (Pittsburgh area) financial guy has a radio show that I listen to. James Lange...some Bogleheads are familiar with his podcasts here: http://www.paytaxeslater.com/radioshow.php He's somewhat of an authority on IRA planning. A few of the professionals who post here have been guests on his sho...
by Leesbro63
Wed Apr 15, 2015 2:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is it ok to NOT have significant taxable investments?
Replies: 48
Views: 4608

Re: Cost of College & Weighing the Merits of Top Schools

If one had a total net worth of $250K with a child going to college, they would have that net worth in a home, a 401(k), and retirement plans and not in a 529 plan. For someone with $2MM to $3MM in a portfolio of index funds, their portfolio would gain the full cost of a 4-year degree at these expe...
by Leesbro63
Tue Apr 14, 2015 12:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16523

Re: Cost of College & Weighing the Merits of Top Schools

KlangFool wrote:
There are more than one way to develop contact.

KlangFool


Absolutely! But still not the point for those who can get into HYP
by Leesbro63
Tue Apr 14, 2015 8:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16523

Re: Cost of College & Weighing the Merits of Top Schools

I know two people who turned down Stanford and a few Ivies when they were admitted to ASU's Barrett Honors College. Both of them are highly successful already in their mid-20's. ASU is not in any way highly regarded, but Barrett most definitely is. That's not really the point. It's not a matter of ...
by Leesbro63
Tue Apr 14, 2015 8:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16523

Re: Cost of College & Weighing the Merits of Top Schools

But to tell your kid don't go to HYP (or even those lesser internationally known schools) I don't think so. Emotions enter into the decision. blevine, To each its own. You would like to believe that all the best and brightest students want to go to those schools. But, why should that be true?? Ther...
by Leesbro63
Tue Apr 14, 2015 6:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16523

Re: Prenup

This doesn't really answer to the "prenup or not" question. But one factor in a first marriage is that kids of that marriage generally are of concern to both parents. Versus a second marriage with yours, mine and maybe ours kids
by Leesbro63
Mon Apr 13, 2015 12:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Prenup
Replies: 80
Views: 4988

Re: The $1 Million Goal: Source of Motivation or Discouragem

I think there is way too much emphasis on income on this thread. It's not how much you make, it's how much you keep. A third leg is how much you give. Giving to a good cause may make your bank account a little smaller, but it can literally mean the difference between life and death to someone, and ...
by Leesbro63
Mon Apr 13, 2015 11:33 am
 
Forum: Investing - Theory, News & General
Topic: The $1 Million Goal: Source of Motivation or Discouragement?
Replies: 172
Views: 15709

Re: Long Term Tax Efficient Investing - Is it Better to Shel

I have the "old Boglehead thinking" setup of taxable bonds filling up my available tax sheltered space and equities/muni bonds in taxable. Based on tax rates at the time I set this up, it was the right thing to do. But if I were starting today, or could redo it without a big capgains tax h...
by Leesbro63
Sun Apr 12, 2015 6:57 pm
 
Forum: Investing - Theory, News & General
Topic: Long Term Tax Efficient Investing - Is it Better to Shelter
Replies: 16
Views: 2375

Re: Barrons Article on LTC Insurance

It's also not just a matter of net worth. The amount of guaranteed income is also a factor. If your income is high enough, you do not need as much in assets to self insure LTC. Consider someone with a 100K pension. That would go a long way towards LTC. Although a $100K pension has a high present va...
by Leesbro63
Sun Apr 12, 2015 5:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Barrons Article on LTC Insurance
Replies: 12
Views: 1056

Re: The $1 Million Goal: Source of Motivation or Discouragem

I remember stories of my grandfather passing on condo's in Newport Beach,CA for $50k. Those are now multi-million properties. To suggest that $127k was not a lot of $$ in the 60's, and that for that reason $1,000,000 is not a lot today, is probably the most out-of-touch comment from this thread! :)...
by Leesbro63
Sun Apr 12, 2015 3:30 pm
 
Forum: Investing - Theory, News & General
Topic: The $1 Million Goal: Source of Motivation or Discouragement?
Replies: 172
Views: 15709

Re: Cost of College & Weighing the Merits of Top Schools

livesoft wrote: Graduates from outstanding schools in lower cost of living areas usually stick around and get lower salary in those areas.


Yes and might actually have a higher standard of living, due to lower costs and lower taxes.
by Leesbro63
Sun Apr 12, 2015 11:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16523

Re: Barrons Article on LTC Insurance

You might want to quote relevant parts of the article since one needs to subscribe to read the article. Wow. That's odd. Yes, the link I posted does require a subscription (which I do not have). But when I Googled "Barrons Long Term Care Insurance Who Should Buy It", I was able to get go ...
by Leesbro63
Sun Apr 12, 2015 10:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Barrons Article on LTC Insurance
Replies: 12
Views: 1056

Barrons Article on LTC Insurance

I thought this new Barron's article would further the actionable discussion about LTC insurance that's currently under discussion on other threads:

http://online.barrons.com/articles/long ... 1428722896
by Leesbro63
Sun Apr 12, 2015 10:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Barrons Article on LTC Insurance
Replies: 12
Views: 1056

Re: The $1 Million Goal: Source of Motivation or Discouragem

I'll bet the number is significantly smaller if you exclude the personal residence or other consumable use assets. Yeah, homes can be converted to cash but someone with a $1M portfolio is generally in a better financial position than someone with a $300,000 house and a $700,000 portfolio.
by Leesbro63
Sun Apr 12, 2015 9:26 am
 
Forum: Investing - Theory, News & General
Topic: The $1 Million Goal: Source of Motivation or Discouragement?
Replies: 172
Views: 15709

Re: The $1 Million Goal: Source of Motivation or Discouragem

I forget the actual parameters, but THE MILLIONAIRE NEXT DOOR had a good scale relating savings to income and age.
by Leesbro63
Sun Apr 12, 2015 6:28 am
 
Forum: Investing - Theory, News & General
Topic: The $1 Million Goal: Source of Motivation or Discouragement?
Replies: 172
Views: 15709

Re: Prenup

There's a lot of bad legal advice in here even from the people who are suggesting that the bad legal advice is bad. Prenups are challenged all the time. They are also overturned all the time. Do not assume a prenup is a closed end deal, done once and then set in stone forever. This is especially tr...
by Leesbro63
Sat Apr 11, 2015 11:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Prenup
Replies: 80
Views: 4988

Re: Prenup

There's a lot of bad legal advice in here even from the people who are suggesting that the bad legal advice is bad. Prenups are challenged all the time. They are also overturned all the time. Do not assume a prenup is a closed end deal, done once and then set in stone forever. This is especially tr...
by Leesbro63
Sat Apr 11, 2015 10:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Prenup
Replies: 80
Views: 4988

Allan Roth Recommends LTC Insurance (Sort of)

This article by "our own" Allan Roth seems to be at odds with the consensus of prior Boglehead threads that LTC insurance, purchased today. is not a good value/too risky. He concludes, however, that it's not for him...so it's not really clear what to do. EDIT: The comments about this artic...
by Leesbro63
Sat Apr 11, 2015 10:01 am
 
Forum: Personal Consumer Issues
Topic: Allan Roth Recommends LTC Insurance (Sort of)
Replies: 3
Views: 475

Re: Cost of College & Weighing the Merits of Top Schools

I don't buy the premise that a great, but not "stellar" student will have a tougher time at Elite U versus a top State U honors program. Those honors schools have some brilliant superstars and the competition, once you are in, can be just as tough as at Elite
by Leesbro63
Thu Apr 09, 2015 11:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16523

Re: Cost of College & Weighing the Merits of Top Schools

The problem with letting an 18 year old make such huge decisions is that you are letting an 18 year old make huge decisions.
by Leesbro63
Wed Apr 08, 2015 1:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16523

Re: Nailed it! $223,199/yr: magic# for making it in SF Bay A

What would a 50yr old techie guy do in Kansas, Oklahoma or Nebraska ? I confess I don't have the foggiest clue. Never been to those places. 7 years short of your hypothetical techie, and in Pennsylvania instead of Kansas, Oklahoma or Nebraska, but I'll swing the bat nonetheless... I have 21 years e...
by Leesbro63
Tue Apr 07, 2015 7:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Nailed it! $223,199/yr: magic# for making it in SF Bay Area
Replies: 117
Views: 10939

Re: Cost of College & Weighing the Merits of Top Schools

FrogPrince wrote:Here's data showing your instinct is right on the money.

http://www.todayscience.org/IER/article/ier.v2i2p01.pdf



Thanks for that somewhat confirming report, FrogPrince.
by Leesbro63
Tue Apr 07, 2015 4:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16523

Re: Cost of College & Weighing the Merits of Top Schools

There's something else going on here that I cannot prove. And it's slightly off topic but directly related: I'm convinced that schools "profile" the applicants to be sure they get enough "full sticker" paying kids. Yeah, they claim to be "need blind" but if both parents...
by Leesbro63
Tue Apr 07, 2015 3:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16523

Re: Cost of College & Weighing the Merits of Top Schools

RadAudit wrote:
WalterMitty wrote:Is it worth going to a top tier school and paying $240,000 to $280,000 when all is said and done


No.



+1. I did it and think it was a better value than state schools at half the price. But if I or my kids had to go into substantial debt to do it then I would recommend against it.
by Leesbro63
Tue Apr 07, 2015 11:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16523

Re: Mohamed El-Erian Has Most of His Money in Cash

I don't think he has any better shot of successfully timing the market than anyone else. However, I think the point of the OP is that his credentials make him an authority that is more reliable than your average Boglehead. This is certainly true. So if you are inclined to think he is correct, the o...
by Leesbro63
Mon Apr 06, 2015 1:44 pm
 
Forum: Investing - Theory, News & General
Topic: Mohamed El-Erian Has Most of His Money in Cash
Replies: 69
Views: 7560

Re: Mohamed El-Erian Has Most of His Money in Cash

But with bond yields near zero, the risk of much greater than a 12.5% bond market drop are much higher than is historic
by Leesbro63
Mon Apr 06, 2015 12:55 pm
 
Forum: Investing - Theory, News & General
Topic: Mohamed El-Erian Has Most of His Money in Cash
Replies: 69
Views: 7560

Re: Mohamed El-Erian Has Most of His Money in Cash

Not so fast on the bread line, Browser. The other "put you in the breadline" risk is that there's no way out but to finally inflate. 20/80 is making a bet. 50/50 is hedging your bets.
by Leesbro63
Mon Apr 06, 2015 12:22 pm
 
Forum: Investing - Theory, News & General
Topic: Mohamed El-Erian Has Most of His Money in Cash
Replies: 69
Views: 7560

Re: Mohamed El-Erian Has Most of His Money in Cash

As rich as he is, he must have a huge taxable account. It makes no sense that someone that smart would sell hugely appreciated assets with capgains taxes at 40% (includes California state tax). There has to be more to this story.
by Leesbro63
Mon Apr 06, 2015 12:16 pm
 
Forum: Investing - Theory, News & General
Topic: Mohamed El-Erian Has Most of His Money in Cash
Replies: 69
Views: 7560

Re: April 15th is DEADLINE for 2014 IRA contributions

I thought you could defer the IRA deadline to as late as October (when you finally file) if you file an income tax extension ?? IRA contributions must be made by April 15th. Any taxes due must also be paid. An extension is additional time to file the tax return. Thank you for the info. Maybe it use...
by Leesbro63
Sat Apr 04, 2015 9:25 am
 
Forum: Investing - Theory, News & General
Topic: April 15th is DEADLINE for 2014 IRA contributions
Replies: 8
Views: 747

Re: Sell "stable" stocks for index?

If you have to pay significant capgains tax, I would keep what you have and add index funds with new money.
by Leesbro63
Fri Apr 03, 2015 5:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Sell "stable" stocks for index?
Replies: 31
Views: 2074

Re: April 15th is DEADLINE for 2014 IRA contributions

I thought you could defer the IRA deadline to as late as October (when you finally file) if you file an income tax extension ??
by Leesbro63
Fri Apr 03, 2015 1:31 pm
 
Forum: Investing - Theory, News & General
Topic: April 15th is DEADLINE for 2014 IRA contributions
Replies: 8
Views: 747

Re: Why Buying a *New* Car Makes Sense? Please help!

More 'upscale' cars the odds are it would make overwhelming sense to go slightly used. Why is that ? Could you please elaborate? My guess would be that people trade up higher class cars moreso then mid class. Maybe more are done on leases. Have no clue. A 2015 Q50 Truecar price is 39,294. Browsing ...
by Leesbro63
Tue Mar 31, 2015 11:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Why Buying a *New* Car Makes Sense? Please help!
Replies: 63
Views: 5464

Re: Why Buying a *New* Car Makes Sense? Please help!

More 'upscale' cars the odds are it would make overwhelming sense to go slightly used. Why is that ? Could you please elaborate? I drive Lexuses and I've found this NOT to be true. In other words, even at the Lexus cost level, the price of slightly used is too close to new to not just buy new. With...
by Leesbro63
Tue Mar 31, 2015 7:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Why Buying a *New* Car Makes Sense? Please help!
Replies: 63
Views: 5464

Re: Why Buying a *New* Car Makes Sense? Please help!

i dont understand why the holding periods are different either. I have flipped cars after 1-3 years (buy used and sell used) and I flip when I need something different for work or family, or personal preference, or want a different technology (for example, awd, or hatchback etc). I have never held ...
by Leesbro63
Tue Mar 31, 2015 6:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Why Buying a *New* Car Makes Sense? Please help!
Replies: 63
Views: 5464

Re: Why Buying a *New* Car Makes Sense? Please help!

It doesn't make sense economically, when slightly used cars that could save you a lot of money over the long run are for sale everywhere. Emotionally? yeah! makes a lot of sense. Americans love their new shiny car every 3-4 years. But this is not the case. Slightly used cars, for quite a few years ...
by Leesbro63
Mon Mar 30, 2015 6:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why Buying a *New* Car Makes Sense? Please help!
Replies: 63
Views: 5464

Re: Implications of the "Cadillac" tax of the ACA

My observation is that people should make health insurance decisions on a year to year basis only. It's folly to plan for 2 years into the future with regard to healthcare. The targets are moving too fast.
by Leesbro63
Mon Mar 30, 2015 1:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Implications of the "Cadillac" tax of the ACA
Replies: 29
Views: 2941

Re: Advice On Dealer's Offer to Exchange Old for new car

They are not offering to "exchange" your car. They are trying to SELL a new car. Do you want to be sold?
by Leesbro63
Mon Mar 30, 2015 1:38 pm
 
Forum: Personal Consumer Issues
Topic: Advice On Dealer's Offer to Exchange Old for new car
Replies: 20
Views: 2058

Re: Vanguard Account Protection

I take this potential problem VERY seriously. But I keep asking this question and can't find anyone who says "yes": Do you know of anyone who ever had money heisted out of a bank/brokerage/mutual fund/Vanguard account via cyberfraud or do you even know of anyone who knows of anyone who did?
by Leesbro63
Sat Mar 28, 2015 1:15 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Account Protection
Replies: 6
Views: 769

Re: Wise move to move some $ to cash before bear market?

"2009 25.94% 2010 14.82% 2011 2.10% 2012 15.89% 2013 32.15% 2014 13.48% With numbers like that in our recent history, anything above zero is a blessing. Returns have been so stellar that simple reversion to the mean would suggest we're due for a down year. " What if you start 10 years ago...
by Leesbro63
Thu Mar 26, 2015 9:34 pm
 
Forum: Investing - Theory, News & General
Topic: Wise move to move some $ to cash before bear market?
Replies: 116
Views: 11715
Next

Return to advanced search