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Re: Any success stories of ppl who never made >$50,000?

The problem as I see it is that $1m does not cut it any more. $2m in CASH instruments or investments that give a return may just do it and I think just is key. This does not include owning you own home outright. Return is also a key. as a retiree myself I have a low tolerance for risk now I am not ...
by StarbuxInvestor
Thu Sep 18, 2014 3:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any success stories of ppl who never made >$50,000?
Replies: 149
Views: 9604

Buying CDs

Is there any advantage or disadvantage to buying CDs through Fidelity or Vanguard as opposed to straight from the bank. It definitely would seem simpler to have them all tracked in one place. Also is either Fidelity or Vanguard better to buy CDs through?
by StarbuxInvestor
Wed Sep 10, 2014 9:25 am
 
Forum: Investing - Help with Personal Investments
Topic: Buying CDs
Replies: 30
Views: 3342

Re: Vanguard Lost $50k

I love how people in threads like this will try and minimize what has happened to the OP. They've misplaced $50k, we all understand that it happens and that they have a process to rectify this type of mistake. However, they express zero remorse and don't even have the courtesy to call the OP back o...
by StarbuxInvestor
Sat Sep 06, 2014 7:12 pm
 
Forum: Personal Consumer Issues
Topic: Vanguard Lost $50k
Replies: 103
Views: 10708

Re: Vanguard Lost $50k

Need some advice. I made a mutual fund purchase of $50k on 8-29-14. On 9-2, Vanguard transferred the 50k from my bank account, then transferred another 50k (for a total of 100k) via ACH. I noticed on 9-3, called my bank they confirmed Vanguard requested the funds and the bank transferred the 100k t...
by StarbuxInvestor
Sat Sep 06, 2014 5:38 pm
 
Forum: Personal Consumer Issues
Topic: Vanguard Lost $50k
Replies: 103
Views: 10708

Re: Home Depot Breach - zip codes revealed

When will US credit card companies learn and start requiring PIN numbers? It so stupid that consumers eventually end up paying for this nonsense. Since any fraudulent charges aren't my responsibility, I honestly am hoping for more of these breaches to put a fire under the CC companies. They really ...
by StarbuxInvestor
Fri Sep 05, 2014 10:18 am
 
Forum: Personal Consumer Issues
Topic: Home Depot Breach - zip codes revealed
Replies: 43
Views: 5718

Re: How Much For New Windows?

If you want pocket windows, consider Renewal by Andersen. They are fibrex, not vinyl. The fibrex composite is more dense than vinyl and has a much lower thermal expansion. The fibrex windows cost more than cheap vinyl, but if I were looking at supposedly higher end vinyl windows I would start consi...
by StarbuxInvestor
Wed Sep 03, 2014 9:59 am
 
Forum: Personal Consumer Issues
Topic: How Much For New Windows?
Replies: 32
Views: 1862

Re: 2 Piece Retirement Portfolio

In short what you want to do is change your asset allocation from a little more conservative one early in retirement to a little more aggressive one by the time you begin Social Security. This is a good point. To the OP, is this an unintended consequence or was this your objective from the start? I...
by StarbuxInvestor
Mon Sep 01, 2014 6:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: 2 Piece Retirement Portfolio
Replies: 18
Views: 1229

Re: 2 Piece Retirement Portfolio

Why not have combine the 2 plans into 1 and go 60/40 Keep It Simple :happy Actually, I agree with StarBux. ⋅ First, the two portfolios may not be the same size so it doesn't necessarily add up to 60/40. ⋅ Second, he accepts more volatility in one than the other (i.e. 70/30 vs 50...
by StarbuxInvestor
Mon Sep 01, 2014 9:23 am
 
Forum: Investing - Help with Personal Investments
Topic: 2 Piece Retirement Portfolio
Replies: 18
Views: 1229

Re: 2 Piece Retirement Portfolio

Why not have combine the 2 plans into 1 and go 60/40 Keep It Simple :happy Well they are of different sizes so combined they don't necessarily come out to 60/40. Also they have different purposes, with different time horizons and one has to cover all my expenses while the other is simply providing ...
by StarbuxInvestor
Mon Sep 01, 2014 9:01 am
 
Forum: Investing - Help with Personal Investments
Topic: 2 Piece Retirement Portfolio
Replies: 18
Views: 1229

2 Piece Retirement Portfolio

To me the most valuable years I have remaining are from retirement to somewhere in my early 70s. Not saying life can't be great after that but father time will catch up to me and realistically I won't be able to do the same things as before. So here's my thoughts. SS and my pension will cover all my...
by StarbuxInvestor
Mon Sep 01, 2014 8:45 am
 
Forum: Investing - Help with Personal Investments
Topic: 2 Piece Retirement Portfolio
Replies: 18
Views: 1229

Re: Costco:is it worth it for just two people?

Can't remember the exact rules but Costco pays Executive memebers 2% back on purchases at the end of the year and if that doesn't equal more than your membership they refund the difference. They also extend warranties automatically on a lot of electronics. Personally, I think Costco is the happiest ...
by StarbuxInvestor
Sat Aug 30, 2014 10:33 am
 
Forum: Personal Consumer Issues
Topic: Costco:is it worth it for just two people?
Replies: 143
Views: 10768

Re: Using dollar amount caps

Johm221122 wrote:Could you not put both in written plan .I would use an inflation adjusted formula.I would not use either if I had a withdrawal rate of 3% or less.

John


Thanks for answering.
by StarbuxInvestor
Wed Aug 27, 2014 12:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Using dollar amount caps
Replies: 2
Views: 364

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

DonCamillo wrote:They are buying Master Limited Partnerships for the (relatively) high dividends.

Source: The topics listed under "Dividend Strategy" on Seeking Alpha.


And those of us with MLPs thank them.
by StarbuxInvestor
Wed Aug 27, 2014 12:09 pm
 
Forum: Investing - Theory, News & General
Topic: What's "The Herd" doing today?
Replies: 52
Views: 3514

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

Following the herd is not a bad thing until there is no one left to join the herd.
by StarbuxInvestor
Wed Aug 27, 2014 12:07 pm
 
Forum: Investing - Theory, News & General
Topic: What's "The Herd" doing today?
Replies: 52
Views: 3514

Re: Cash in Safe Deposit Box..??

Recently a friend told me he keeps cash in a bank safe deposit box (SDB) because he likes having cash "on hand", but likes having it away from home in case of fire, theft, flood, etc. I told him his cash is losing value (inflation), and that a SDB (for which he pays $40/year) offers littl...
by StarbuxInvestor
Tue Aug 26, 2014 11:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Cash in Safe Deposit Box..??
Replies: 60
Views: 3862

Re: Mortgages and financial freedom

I am cash flow oriented so not having a payment reduces my monthly cash flow needs thus giving me more flexibility in other things. Plus last I checked everyone needs to live somewhere, why not in an illiquid asset?
by StarbuxInvestor
Tue Aug 26, 2014 9:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Mortgages and financial freedom
Replies: 111
Views: 6843

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

Seems like harmless suggestions or comments how they perceive your life. You need a little thicker skin.
by StarbuxInvestor
Tue Aug 26, 2014 9:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Telling my friends I paid off my house was a mistake.
Replies: 73
Views: 10314

Using dollar amount caps

I am considering either capping my equity exposure at a set dollar amount to limit risk or setting a minimum short term investment dollar amount so I can ride out a 3-5 year bear market. Which approach seems most prudent???
by StarbuxInvestor
Mon Aug 25, 2014 9:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Using dollar amount caps
Replies: 2
Views: 364

Re: The Funniest Movie Ever

Kill Bill Vol. 1
by StarbuxInvestor
Mon Aug 18, 2014 10:22 am
 
Forum: Personal Consumer Issues
Topic: The Funniest Movie Ever
Replies: 227
Views: 14971

Re: Bankrolled Her Brother, Regrets It (article)

I think what they did is illegal if they took a charitable deduction on their taxes. Also apparently they don't understand the meaning of the word gift.
by StarbuxInvestor
Mon Aug 18, 2014 10:20 am
 
Forum: Personal Consumer Issues
Topic: Bankrolled Her Brother, Regrets It (article)
Replies: 24
Views: 3947

Re: Suze Orman - Doesn't Like Target Date Funds

I think TDF are often poorly constructed and even dangerous by lulling people into a believe I buy this I hit my target. I think her advice is sound.
by StarbuxInvestor
Mon Aug 04, 2014 11:43 am
 
Forum: Investing - Theory, News & General
Topic: Suze Orman - Doesn't Like Target Date Funds
Replies: 26
Views: 3732

Re: How Much Did You Lose Today?

Pizzasteve510 wrote:Schwab portfolio down about $45k, 1.5pct, but no losses as no sales. Interesting to see what was up and down and nice to feel no strong emotion either way. Not sure if it is a buying opportunity yet, but have some cash ready.


Theen I gained about $30,000 on you.
by StarbuxInvestor
Fri Aug 01, 2014 11:39 am
 
Forum: Investing - Help with Personal Investments
Topic: How Much Did You Lose Today?
Replies: 166
Views: 15033

Re: How Much Did You Lose Today?

I just made it into bloodbath territory. I only see this as the beginning of a large downward spiral. The bubble has been percolating for a long time. What do you consider bloodbath territory. The past week has been good but bloodbath sounds a bit over the top. I'm only going by the poll questions....
by StarbuxInvestor
Fri Aug 01, 2014 11:34 am
 
Forum: Investing - Help with Personal Investments
Topic: How Much Did You Lose Today?
Replies: 166
Views: 15033

Re: How Much Did You Lose Today?

Where's the "none" or "nothing" option? I have the same number of shares as I did yesterday and the day before, and I didn't sell any yesterday..... So, I didn't lose anything. Shares for a small investor are only worth what some will pay for them and in turn what that money wil...
by StarbuxInvestor
Fri Aug 01, 2014 10:53 am
 
Forum: Investing - Help with Personal Investments
Topic: How Much Did You Lose Today?
Replies: 166
Views: 15033

Re: How Much Did You Lose Today?

JavaManOne wrote:I just made it into bloodbath territory. I only see this as the beginning of a large downward spiral. The bubble has been percolating for a long time.


What do you consider bloodbath territory. The past week has been good but bloodbath sounds a bit over the top.
by StarbuxInvestor
Fri Aug 01, 2014 10:42 am
 
Forum: Investing - Help with Personal Investments
Topic: How Much Did You Lose Today?
Replies: 166
Views: 15033

Re: How Much Did You Lose Today?

Need option for "don't know, probably not going to check." :) Almost. This is my end of the month updating, so I know what I "lost." What I lost was that Wellesley, my major holding, by my Excel calcs is up 4.8% for the first seven months of the year. That's 8.2% annualized. Boo...
by StarbuxInvestor
Fri Aug 01, 2014 10:16 am
 
Forum: Investing - Help with Personal Investments
Topic: How Much Did You Lose Today?
Replies: 166
Views: 15033

Re: A Scenario and 3 questions

As dbr noted, the first, key question is the size of your expenses. Are you certain you have enough? From the way you have worded your question, I'm guessing the answer to that question is yes. I guess I never considered there would be an issue with a high 6 figure portfolio that has 10-12 years to...
by StarbuxInvestor
Sun Jul 27, 2014 2:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: A Scenario and 3 questions
Replies: 7
Views: 553

A Scenario and 3 questions

Here is the scenario. Individual is looking to retire in 1-3 years. Within 10-12 years of retirement they plan to start drawing SS and a pension both indexed to inflation which will cover expenses at their current level of spending. They currently have high 6 figures in their tax deferred accounts i...
by StarbuxInvestor
Sun Jul 27, 2014 11:18 am
 
Forum: Investing - Help with Personal Investments
Topic: A Scenario and 3 questions
Replies: 7
Views: 553

Re: Retiring soon setting aside 3 years living expenses

and of course, one should not be paying much in the way of taxes before retirement: http://www.bogleheads.org/forum/viewtopic.php?t=79510 Okay, but how do you comtribute $22,000 to a 401K while only making $22,000? It seems many employers have percentage limits plus you have to pay Medicare and FIC...
by StarbuxInvestor
Sat Jul 12, 2014 1:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retiring soon setting aside 3 years living expenses
Replies: 49
Views: 5479

Re: Retiring soon setting aside 3 years living expenses

How woulld you do zero income years without cash reserves to utilize instead of being dependent on income? Waiting for a recovery from a market crash would seem to be what would endanger maximizing the early years of one's retirement. So apparently I am just not following the logic. I cannot imagin...
by StarbuxInvestor
Sat Jul 12, 2014 1:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retiring soon setting aside 3 years living expenses
Replies: 49
Views: 5479

Re: Retiring soon setting aside 3 years living expenses

I wonder how much cash for retirees do those free Vanguard investment plans advocate? Here's a link to a study that cash reserves don't work: http://www.kitces.com/blog/Research-Reveals-Cash-Reserve-Strategies-Dont-Work...-Unless-Youre-A-Good-Market-Timer/ To me this is the flaw in the study. "...
by StarbuxInvestor
Sat Jul 12, 2014 11:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Retiring soon setting aside 3 years living expenses
Replies: 49
Views: 5479

Re: Retiring soon setting aside 3 years living expenses

Thanks for the information. Still not sure where the impression about being worried came from but no matter. My strategy has to do with building a platform for maximizing the experiences in my late 50s and 60s as well as creating and taking advantage of zero income years. I think the point is that ...
by StarbuxInvestor
Sat Jul 12, 2014 11:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Retiring soon setting aside 3 years living expenses
Replies: 49
Views: 5479

Re: Retiring soon setting aside 3 years living expenses

Generally speaking if 1) You have made a conservative estimate of the income you will need, including contingencies for a higher rate of spending or unexpected large expenditures, and 2) You have insured income streams for a significant fraction of your need, from Social Security, pensions, and ann...
by StarbuxInvestor
Sat Jul 12, 2014 10:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Retiring soon setting aside 3 years living expenses
Replies: 49
Views: 5479

Re: Retiring soon setting aside 3 years living expenses

I think as long as you use short-term bonds and include it in your fixed-income asset allocation and don't count it separately, then you are good to go. There are published studies that show that cash is a drag and doesn't save you. I don't think you even need those bonds to be short term, but if y...
by StarbuxInvestor
Sat Jul 12, 2014 10:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Retiring soon setting aside 3 years living expenses
Replies: 49
Views: 5479

Re: Retiring soon setting aside 3 years living expenses

I think as long as you use short-term bonds and include it in your fixed-income asset allocation and don't count it separately, then you are good to go. There are published studies that show that cash is a drag and doesn't save you. If you are on such dicey ground that you are worrying about where ...
by StarbuxInvestor
Sat Jul 12, 2014 9:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Retiring soon setting aside 3 years living expenses
Replies: 49
Views: 5479

Re: 15 vs 30 yr fixed, or 5/1 ARM

I started with a 30 year but made the 15 year payment that way if I hit a rough spot I could fall back to the 30 year payment. A couple years in I refinanced to a 15 year but made 12 year payment. Now I just pay property tax. I think that's reasonable strategy. I did same exact set up - - started i...
by StarbuxInvestor
Sat Jul 12, 2014 9:37 am
 
Forum: Personal Finance (Not Investing)
Topic: 15 vs 30 yr fixed, or 5/1 ARM
Replies: 16
Views: 1481

Re: 15 vs 30 yr fixed, or 5/1 ARM

Why would you take the 30 year and pay a higher rate when you're going to make the payememt as if it's a 15 year? Same logic as an emergency fund. Why take lower returns. In some ways yuou could probably rationalize the ability to drop your payment by 1/3 is part of your emergency fund or at least ...
by StarbuxInvestor
Sat Jul 12, 2014 9:32 am
 
Forum: Personal Finance (Not Investing)
Topic: 15 vs 30 yr fixed, or 5/1 ARM
Replies: 16
Views: 1481

Re: 15 vs 30 yr fixed, or 5/1 ARM

I started with a 30 year but made the 15 year payment that way if I hit a rough spot I could fall back to the 30 year payment. A couple years in I refinanced to a 15 year but made 12 year payment. Now I just pay property tax.
by StarbuxInvestor
Sat Jul 12, 2014 9:24 am
 
Forum: Personal Finance (Not Investing)
Topic: 15 vs 30 yr fixed, or 5/1 ARM
Replies: 16
Views: 1481

Re: Retiring soon setting aside 3 years living expenses

Look somewhere for a research paper on the duration of crashes, I read it a few years ago. Stock market crashes recover quicker than ones in RE. There is correlation but the trigger can be in one or the other. Of course, bonds crash in quick inflation. Three years is shorter than the usual recovery...
by StarbuxInvestor
Sat Jul 12, 2014 9:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Retiring soon setting aside 3 years living expenses
Replies: 49
Views: 5479

Re: High end purses

I have offered my wife one whenever she wants. She says someday but right she is to rough on them traveling for work.
by StarbuxInvestor
Fri Jul 11, 2014 10:14 pm
 
Forum: Personal Consumer Issues
Topic: High end purses
Replies: 119
Views: 12895

Retiring soon setting aside 3 years living expenses

Barring unforseen circumstances it appears I will be retiring in 1 to 3 years. I am planning on moving 3 years of living expenses into shorter term investment (Money Markets, I Bonds, Short Term Bonds, etc.). So is this a good idea or is there some factor I need to consider in doing this that could ...
by StarbuxInvestor
Fri Jul 11, 2014 8:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retiring soon setting aside 3 years living expenses
Replies: 49
Views: 5479

Re: Life, Love, Happiness, and Bogleheads

I have always lived below my means. Being a Boglehead only extends to index investing and tax planning for me. I am not a Social Boglehead.
by StarbuxInvestor
Fri Jul 11, 2014 7:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life, Love, Happiness, and Bogleheads
Replies: 11
Views: 1247

Re: Vacation Home Fractional Ownership

I have no experience with fractional ownership, but with the posts above, it sounds like a pain in the buttocks. Do you really want to have to go to the vacation house every year? What if you want to go to Utah or Idaho next winter? Or if it has to be this area, why not just rent a place, and let t...
by StarbuxInvestor
Fri Jul 11, 2014 4:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vacation Home Fractional Ownership
Replies: 15
Views: 1774

Re: Vacation Home Fractional Ownership

Are we talking about you putting together a fractional ownership deal or buying from one of the companies that sell fraction ownership and charge something equivalent to a condo fee?
by StarbuxInvestor
Fri Jul 11, 2014 3:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vacation Home Fractional Ownership
Replies: 15
Views: 1774

Re: Tiny House Movement

They lose me at composting toilet.
by StarbuxInvestor
Fri Jul 11, 2014 3:09 pm
 
Forum: Personal Consumer Issues
Topic: Tiny House Movement
Replies: 139
Views: 16010

Re: Finally an audience with my brother on Finances

jerome99 wrote:nope, he is an employee who receives a w-2.


And he already has his non-profit set-up and has consulted someone on the most tax efficient ways of making contributions to it?
by StarbuxInvestor
Thu Jul 10, 2014 3:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Finally an audience with my brother on Finances
Replies: 33
Views: 4126

Re: Finally an audience with my brother on Finances

No business is involved. He is a consultant with income between 480k and 600K each year. He is single. Expenses are low partially cause he has no mortage or any other payments or toys. His goals are to grow his net worth responsibly for the next 20 years and then move to Florida and join his non pr...
by StarbuxInvestor
Thu Jul 10, 2014 2:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Finally an audience with my brother on Finances
Replies: 33
Views: 4126

Re: Finally an audience with my brother on Finances

@Starbuxinvestor, can you give us a hint why a tax attorney would be helpful? I can see a corporate tax person helping out on the business side, but personal taxes are reasonably straightforward and uncomplicated. Maybe I am assuming there is a business involve and the tax attorney would be address...
by StarbuxInvestor
Thu Jul 10, 2014 12:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Finally an audience with my brother on Finances
Replies: 33
Views: 4126

Re: Finally an audience with my brother on Finances

I thought my initial post answered almost all, if not all the questions asked. He has no debt. The cash he has is an online savings and cash in a safety deposit box. All of this retirement and taxable investments will go into index funds and both him and I are capable in doing that change. He is in...
by StarbuxInvestor
Thu Jul 10, 2014 11:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Finally an audience with my brother on Finances
Replies: 33
Views: 4126
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