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Re: Buying property - frank responses requested

Legacy you have to make your own peace with that. My view is leaving your spouse in a reasonable position at your death is very important, legacy to kids less so (assuming they don't have large student loans). Hi Curious1, One of my parents is currently thinking through a similar scenario, and in t...
by NightOwl
Tue Jul 29, 2014 2:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Buying property - frank responses requested
Replies: 30
Views: 3530

Re: SAT preparation

My daughter will be a junior this year. She is very good student (IB student, takes numerous AP, straight A, does research in Univ of Miami Breast Cancer Institute, was spelling bee champ in Broward and list goes on) She thinks that she needs SAT coaching. I wanted to find out from those who have s...
by NightOwl
Sat Jul 12, 2014 10:12 am
 
Forum: Personal Consumer Issues
Topic: SAT preparation
Replies: 30
Views: 2475

Re: Heading to Sonoma next week, recommendations please

Flying to SFO Wednesday, renting a car and heading up to Sonoma after a stop at Muir woods. Our rental is just outside of Windsor. I know there are a wealth of places to eat and multiple wine tasting rooms in Healdsburg. Does anyone have any specific recommendations for this area? Looks like J vine...
by NightOwl
Sun Jun 01, 2014 11:22 pm
 
Forum: Personal Consumer Issues
Topic: Heading to Sonoma next week, recommendations please
Replies: 15
Views: 633

Re: in-laws/student loans

Hi VGSailor, It seems to me as though you were put from the start of this mess in a no-win situation; at this point I think we're strictly in damage-control mode. I'm guessing that you have what your in-laws consider to be "lots of money"? They certainly seem to be treating you as a piggy ...
by NightOwl
Wed May 28, 2014 12:32 am
 
Forum: Personal Consumer Issues
Topic: in-laws/student loans
Replies: 57
Views: 2535

Re: Wait to DCA During Recession

Focus on a robust college experience also, for enhanced longterm financial security... This^. At age 17, you should focus on maximizing your income so that you can save as much as possible. That way, whether returns over your lifetime are robust or muted, you will still have more than enough money ...
by NightOwl
Tue May 27, 2014 9:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Wait to DCA During Recession
Replies: 17
Views: 1979

Re: Poll: Do you own Total Bond Market?

I hold 100% of my bond allocation in my 401(k) in Advantage Class shares of Fidelity's Spartan U.S. Bond Index Fund (FSITX), which I consider a near-equivalent to Admiral shares of Vanguard's Total Bond Fund Index Fund (VBTLX).

NightOwl
by NightOwl
Sun May 11, 2014 1:16 am
 
Forum: Investing - Theory, News & General
Topic: Poll: Do you own Total Bond Market?
Replies: 50
Views: 4524

Re: Market falling emotions

Got my monthly paycheck yesterday. Investable money went into the market today. I looked at my spreadsheet last night to determine what I needed to buy. Other that its effect on what I need to buy once per month, market movement rates a big "don't know, don't care" from me.

NightOwl
by NightOwl
Tue Apr 08, 2014 4:16 pm
 
Forum: Investing - Theory, News & General
Topic: Market falling emotions
Replies: 31
Views: 2360

Re: Less is Beautiful

It's funny for me to read these threads, because I have the opposite problem (if one wishes to term it that). I've always been abnormally uninterested in owning things - I'm living now in a mostly empty apartment that I love for its uncluttered lightness. But I've been trying to learn to buy more th...
by NightOwl
Thu Mar 20, 2014 3:07 am
 
Forum: Personal Consumer Issues
Topic: Less is Beautiful
Replies: 29
Views: 4408

Re: The Stock Market's Relentless Bid, Explained

it's called a theoretical question, or a thought experiment, if you will.(Snip) i haven't seen it asked anywhere on this forum. Hi ERMD, I'd recommend searching for "what if everyone indexed?", specifying site:bogleheads.org. It is a good question, in that it signals an interest in the th...
by NightOwl
Sun Mar 09, 2014 1:16 am
 
Forum: Investing - Theory, News & General
Topic: The Stock Market's Relentless Bid, Explained
Replies: 22
Views: 2872

Re: Does a Car Lease Make Sense in this Situation?

I am normally not a fan of leasing but for her situation it might just be a reasonable option, or the best option----if she can get a short enough term to not be stuck in a lease after the move. I think it would be worth exploring buying a used car in the 10K-15K range and selling it when she is re...
by NightOwl
Fri Mar 07, 2014 5:14 pm
 
Forum: Personal Consumer Issues
Topic: Does a Car Lease Make Sense in this Situation?
Replies: 8
Views: 792

Re: Does a Car Lease Make Sense in this Situation?

The other issue is that generally you can't lease a car "for a year or two"....a unless you are willing to pay a huge amount. Most leases are 36 months. Maybe buy a Honda Civic or Toyota Corolla. If she decides to do the NYC thing, the depreciation will be low compared to most other cars....
by NightOwl
Fri Mar 07, 2014 5:12 pm
 
Forum: Personal Consumer Issues
Topic: Does a Car Lease Make Sense in this Situation?
Replies: 8
Views: 792

Re: Does a Car Lease Make Sense in this Situation?

A big question is how your state handles sales tax on cars. The problem is that if she buys a car and has to pay 7% sales tax then buying and selling it a year later would be expensive. Leasing has a lot of pitfalls that can cause problems like if the car is in a major accident, even if it repaired...
by NightOwl
Fri Mar 07, 2014 5:08 pm
 
Forum: Personal Consumer Issues
Topic: Does a Car Lease Make Sense in this Situation?
Replies: 8
Views: 792

Re: Your stock/bond mix for those ~20 yrs from retirement

40 years old, 20+ years from retirement. I'm 80-20. I've decided to pursue a strict age-20 bond allocation from here on out, so will increase bonds 1% per year to a retirement portfolio of 60/40. But we'll see if I actually retire in 20 years. Money-wise I will probably be in good shape, but I like ...
by NightOwl
Fri Mar 07, 2014 12:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Your stock/bond mix for those ~20 yrs from retirement
Replies: 42
Views: 2980

VG webcast: "Spending Strategies for your Retirement Years"

As part of my effort to educate myself about retirement portfolios and spending strategies, I watched a one hour Vanguard live webcast today entitled “Spending Strategies for your Retirement Years” – I don’t yet see a link to the video on the Vanguard site, but I will circle back and add the link on...
by NightOwl
Thu Mar 06, 2014 10:46 pm
 
Forum: Investing - Theory, News & General
Topic: VG webcast: "Spending Strategies for your Retirement Years"
Replies: 6
Views: 864

Does a Car Lease Make Sense in this Situation?

I know very little about cars. I am 40 years old and have never owned one, as I have always lived in cities with excellent public transportation. I am trying to advise my mother about a car situation, so I thought I’d ask my wise Boglehead friends for help. My mother (69 years old) is driving a 12-y...
by NightOwl
Thu Mar 06, 2014 4:08 pm
 
Forum: Personal Consumer Issues
Topic: Does a Car Lease Make Sense in this Situation?
Replies: 8
Views: 792

Re: How Many Funds Do You Have in Taxable?

Four funds in taxable.

Brokerage: VEU + VSS for international, VV (trapped in a tax-loss harvest move, donating these appreciated shares to charity over time)
Taxable mutual fund: VTSAX.

No bonds in taxable -- they are all in my 401k.

I voted four, but with PMM it would be five.

NightOwl
by NightOwl
Thu Mar 06, 2014 1:24 pm
 
Forum: Investing - Theory, News & General
Topic: How Many Funds Do You Have in Taxable?
Replies: 97
Views: 5497

Re: Help with frustrating investment issue (family involved)

For new agents, they require you to sell to family and friends to build up your initial sales commissions. I have a close friend whose brother is an insurance salesman for one of the large insurers. When he entered the business, I was an obvious "friends and family" contact. It so happene...
by NightOwl
Tue Mar 04, 2014 2:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with frustrating investment issue (family involved)
Replies: 26
Views: 2348

Re: Help with frustrating investment issue (family involved)

I bet you can pay a surrender fee and get the money out. You should do that. You are single and don't even need life insurance is there is no one depending on you financially. Take the hit now and get out. That can also save your relationship with your cousin. In his defense, he probably doesn't ev...
by NightOwl
Tue Mar 04, 2014 2:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with frustrating investment issue (family involved)
Replies: 26
Views: 2348

Re: You know you're a Boglehead when ...

…you look at a million dollars and think "$40,000 $35,000 $30,000 $25,000 per year."

NightOwl
by NightOwl
Tue Mar 04, 2014 1:55 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: You know you're a Boglehead when ...
Replies: 105
Views: 16312

Re: Invest in taxable opposite weeks of non-taxable?

Every purchase into a taxable account is a new tax lot for the investment holding. If you want to minimize the number of tax lots, make your contributions larger and less frequently. Instead of with each paycheck, save up and contribute monthly. This is an important consideration. If you are invest...
by NightOwl
Tue Mar 04, 2014 1:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Invest in taxable opposite weeks of non-taxable?
Replies: 10
Views: 394

Re: How Much of Tax Refund Do You Save/Spend..??

I created a $5,000 refund so that I could spend it on $5,000 of paper I bonds.

NightOwl
by NightOwl
Sun Mar 02, 2014 3:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Much of Tax Refund Do You Save/Spend..??
Replies: 68
Views: 2691

Re: Best way to safely increase expected returns

Hi schuyler74, I would say that "a" and "b" are excellent options (60 seems artificially early to retire absent the resources to do so), and "c" seems like a terrible option that risks leaving 60 year old you even shorter of the goal. One variant on "a" is tha...
by NightOwl
Sat Mar 01, 2014 11:50 pm
 
Forum: Investing - Theory, News & General
Topic: Best way to safely increase expected returns
Replies: 28
Views: 2353

Re: Goodbye HAL

peppers wrote:It has been a good ride my old friend.

We'll sing HAL on its way: "Daisy, daisy, give me your answer do…"
by NightOwl
Sat Mar 01, 2014 8:04 pm
 
Forum: Personal Consumer Issues
Topic: Goodbye HAL
Replies: 35
Views: 2491

Re: Ding! Check engine light is now on.

Short term, things are still looking up. Unemployment is down, economic indicators have been positive for months, the stock market pulled back and then recovered, showdowns in Washington have quieted, the Fed appears to be withdrawing stimulus (probably too slowly but at least in the right directio...
by NightOwl
Tue Feb 11, 2014 3:04 pm
 
Forum: Investing - Theory, News & General
Topic: Ding! Check engine light is now on. [PE10 exceeds 25]
Replies: 108
Views: 11145

Re: Are Individual Bonds Right for You?

When I think about purchasing individual bonds, I think of Liar's Poker and bond dealers bragging about ripping their clients' faces off. There seems to be a huge informational disadvantage for buyers -- Larry Swedroe has written about this issue too. There are lots of ways to be cheated or tricked....
by NightOwl
Fri Feb 07, 2014 4:13 am
 
Forum: Investing - Theory, News & General
Topic: Are Individual Bonds Right for You?
Replies: 57
Views: 3107

Re: Met a guy at an HFT firm - keeps all his money in cash!?

"This guy knows finance like the back of his hand, yet he keeps all his money in cash... why am I not doing that?", "What does he know that I don't?" I'm not sure how to address these doubts. Any comments? Hi boggler, My first thought is that he might know very little about &quo...
by NightOwl
Fri Feb 07, 2014 3:46 am
 
Forum: Investing - Theory, News & General
Topic: Met a guy at an HFT firm - keeps all his money in cash!?
Replies: 26
Views: 2861

Re: 401k: Mutual Fund based vs. ETF based

So our group has been advised by our 401k custodian that it might be beneficial to convert our 401k plan to an ETF based plan as opposed to our current Mutual Fund based plan. Of course I haven't heard any reasons why. Does anyone have opinions on the potential pros and cons of either type of plan?...
by NightOwl
Sun Feb 02, 2014 1:52 am
 
Forum: Investing - Help with Personal Investments
Topic: 401k: Mutual Fund based vs. ETF based
Replies: 13
Views: 1176

Re: Sleeping With Bonds!!!!!

Good post. I think it is pure behavioral stuff. In fact, I am in the midst of a several year DCA into the NJ muni bond fund (duration 7 years) and the Intermediate term investment grade fund (duration 5.5 years) in the IRA. Literally everybody here and everywhere has posted how they were shortening...
by NightOwl
Fri Jan 31, 2014 2:54 pm
 
Forum: Investing - Theory, News & General
Topic: Sleeping With Bonds!!!!!
Replies: 74
Views: 7603

Re: Bonds - Throw it all on the table!!!

Hi abuss368, Age-20 in bonds; currently 20% in bonds. Fidelity Spartan U.S. Bond Index Advantage (FSITX) held in 401(k) is 100% of portfolio fixed income. Might add TIPS near retirement. I'm honestly puzzled by the amount of (metaphorical) bandwidth expended on this board about bond allocation. I ge...
by NightOwl
Wed Jan 29, 2014 9:51 pm
 
Forum: Investing - Theory, News & General
Topic: Bonds - Throw it all on the table!!!
Replies: 135
Views: 15131

Re: Interesting loan opportunity - looking for advice

0 debt. We max 401k and his/her Roth and have about 12k monthly taxable investing. Expenses are about 1.5k/month. Fed tax should be 20% no state tax. 26years old. Just want to check in on this: you guys save $12k per month in taxable and expect to be in the 20 percent Fed range? It's okay if you ar...
by NightOwl
Wed Jan 29, 2014 5:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Interesting loan opportunity - looking for advice
Replies: 6
Views: 444

Re: Interesting loan opportunity - looking for advice

I see this type of loan frequently at my company. Bottom line: you are tying yourself to your employer for the length of the loan. Because you post here, I am assuming that you are a valuable employee, so that's why it makes sense for your employer to offer you this kind of deal. I have so far avoid...
by NightOwl
Wed Jan 29, 2014 5:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Interesting loan opportunity - looking for advice
Replies: 6
Views: 444

Re: What Bond Fund do You Invest In?

100% of my bond allocation is held in Fidelity Spartan US Bond Fund Adv (FSITX) in my 401k. If I could purchase CDs in my 401k, I would consider them; ditto stable value. As I have neither of those options, it's total bond all the way. I have a 20+ year horizon, and I understand duration, so I'm not...
by NightOwl
Sun Jan 26, 2014 12:11 pm
 
Forum: Investing - Theory, News & General
Topic: What Bond Fund do You Invest In?
Replies: 43
Views: 2792

Re: Staying the course which watching CNBC

Watching CNBC helps me stay the course, because it's so obvious that none of those clowns have any more knowledge of what's going to happen next than I do. From what I can tell, their role is to make up plausible-sounding explanations for what has already happened, and then to speculate wildly about...
by NightOwl
Sun Jan 19, 2014 6:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Staying the course which watching CNBC
Replies: 23
Views: 1936

Re: Should everyone own I Bonds?

The 30 maturity time could be limiting for young people. If your ~25 years old, the I bond will stop collecting interest when your at peak earnings. I'm waiting until I'm 35 to buy. I think that this is an important point. I started buying I bonds at age 38, figuring that I'd be retired when taxes ...
by NightOwl
Sun Jan 19, 2014 6:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should everyone own I Bonds?
Replies: 44
Views: 5964

Re: Need to get aggressive with 401k for the next 5years...

Brand new here, short time lurker..I have a question that I hope to get an answer. Im planning an early retirement, ive got 5 - 5.5 years. I want to give my 401k a shot in the arm til then. Hi die-tryin, Most people planning to retire "early" within 5 years either already have the money t...
by NightOwl
Sun Jan 19, 2014 6:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need to get aggressive with 401k for the next 5years...
Replies: 19
Views: 998

Re: Behavioral reason I'm not investing in Series I savingsb

When I move money from my checking into my savings account, I frequently see the result: I check my bank balances about twice per week, and see the increasing savings balance right alongside the diminished checking account balance. It gives me a warm and fuzzy feeling, since I think of the emergenc...
by NightOwl
Sun Jan 19, 2014 6:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Behavioral reason I'm not investing in Series I savingsbonds
Replies: 23
Views: 1820

Re: Poll: Experience with personal lending

85 people have voted so far, and no one chose the options for borrowing from others. Victoria Wow, the self-selection bias in some Boglehead threads sure is powerful. I'll go ahead and risk the opprobrium of the group: I've borrowed money from both friends and family. I guess I wouldn't choose the ...
by NightOwl
Sat Jan 18, 2014 7:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Experience with personal lending
Replies: 52
Views: 2693

Re: POLL: Investing vs. pay down mortgage feelings

Nobody here split the difference and invested half of available money while putting half toward the mortgage? I didn't vote in the poll because I'm a lifelong renter, but I did pay down a large student loan that way. I'm sure that if I did the math, I would discover that investing would have been th...
by NightOwl
Sat Jan 18, 2014 7:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: POLL: Investing vs. pay down mortgage feelings
Replies: 79
Views: 3958

Re: Making $175k/year. What do I do with it all?

Several people have commented on the S-Corp idea, for and against. I've researched this quite a lot and I believe this is the scenario I would pursue. My current company hires me back as a 1099 contractor and pays my corporation. Not to rain on your parade but what you are describing is illegal. Sp...
by NightOwl
Sat Jan 18, 2014 7:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Making $175k/year. What do I do with it all?
Replies: 39
Views: 6540

Re: Celebrating the small financial victories....

It can be hard to be starting out, looking at a small portfolio and still working on accumulation, while being surrounded of news of mortgages paid off and people joining the three-comma club. So here's to celebrating the small financial victories, particularly when one is just starting out. Mudpup...
by NightOwl
Sat Jan 18, 2014 6:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Celebrating the small financial victories....
Replies: 42
Views: 3921

Re: Any reason to still write checks?

Sure -- to get relatively large sums of money to friends and family members who won't get PayPal accounts. I have my mother listed as a "payee" in my online checking account, so the bank deducts the money electronically but sends her a paper check on my behalf. I'm not writing it, but I'm ...
by NightOwl
Fri Jan 17, 2014 7:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any reason to still write checks?
Replies: 76
Views: 2867

Re: Poll: Early retirement investment vehicles

Hello everyone, If you retired, or are close to retiring early, what kind of accounts do you hold for retirement? I decided not to vote because I am neither retired nor close to retiring early, but I have Roth, traditional (401k), and taxable already, so those are things I will have when I eventual...
by NightOwl
Thu Jan 16, 2014 2:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Early retirement investment vehicles
Replies: 44
Views: 3174

Re: Was Off-Track. Am I now On-Track?

Random Poster wrote:Age: I'm almost 37. My wife is 34, I think.

Off track! Off track! :shock:
by NightOwl
Thu Jan 16, 2014 2:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Was Off-Track. Am I now On-Track?
Replies: 19
Views: 1046

Re: Biggest regrets in your life in financial investment?

My roommate tried to tell me about Roth IRAs right after they were established. I tuned him out and missed out on about a decade of Roth investing. Sigh.

NightOwl
by NightOwl
Thu Jan 16, 2014 2:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Biggest regrets in your life in financial investment?
Replies: 101
Views: 8063

Re: Who Invests 100% in Passive Index Funds/ETFs

I am 100% passive index/ETF in the accumulation phase, but I will move without hesitation to "actively managed" bond funds (TIPS, munis) when the time is right. Keep in mind that posts about complex portfolios are more frequent than posts about simple portfolios because, well, complex port...
by NightOwl
Thu Jan 16, 2014 11:06 am
 
Forum: Investing - Theory, News & General
Topic: Who Invests 100% in Passive Index Funds/ETFs
Replies: 79
Views: 5945

Re: Reason not to participate 401k safe harbor at work?

They are giving you free money of 3% of your salary. I am surprised they did not sign you up automatically. Yes, you should participate. Yes, it is legal to do what they are doing. The "non-elective contribution" is not a match as I read it. Our company does the same thing: The employer p...
by NightOwl
Thu Jan 16, 2014 10:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Reason not to participate 401k safe harbor at work?
Replies: 10
Views: 927

Re: Reason not to participate 401k safe harbor at work?

Hi, My company offers a 401(k) Safe Harbor through Charles Schwab. Is there any reason not to participate? They provide a flexible non-elective contribution of 3% of Compensation ($1290?). The plan states the employer contributions are 100% vested. I I spoke with my employer a few weeks ago. He cas...
by NightOwl
Thu Jan 16, 2014 10:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Reason not to participate 401k safe harbor at work?
Replies: 10
Views: 927

Re: Did you reinvest your distribution cash yet?

They became part of my backdoor Roth contribution for 2014.

NightOwl
by NightOwl
Thu Jan 16, 2014 1:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Did you reinvest your distribution cash yet?
Replies: 34
Views: 2106

Re: High Income Earner & College Attended

voted elite, although nobody has ever heard of williams college. :happy Oh, I have. About "elite" there cannot be any doubt -- I think it might be the best undergraduate institution in the country, bar none. It certainly appeals to a highly self-selecting group of students, but that's par...
by NightOwl
Tue Jan 14, 2014 4:35 pm
 
Forum: Personal Consumer Issues
Topic: High Income Earner & College Attended
Replies: 58
Views: 4296

Re: Doom and Gloom

As someone not yet 30, I sometimes lose my optimism (which I generally have plenty of) and become concerned with the future and the ability for my family to "get ahead". Aside from the Great Depression, I don't know of another modern era in which so many potentially disastrous unknowns li...
by NightOwl
Tue Jan 14, 2014 4:04 pm
 
Forum: Personal Consumer Issues
Topic: Doom and Gloom
Replies: 41
Views: 3540
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