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Re: Anyone with experience adding insulation to an older hom

If you are using the blown stuff remember to wear a proper face mask. Nasty for lungs.

With the fibreglass wool stuff I would wear a boilersuit and gloves-- stuff gets in your skin and itches.
by Valuethinker
Wed Mar 04, 2015 4:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone with experience adding insulation to an older home?
Replies: 13
Views: 677

Re: Investing pounds - don't live in UK

Re taxes. Taxes where you are resident - Spain? Every EU country has different rules.

It is one reason non Americans avoid US listed funds and ETFs. HMRC in the UK will make your life very difficult.
by Valuethinker
Wed Mar 04, 2015 3:48 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing pounds - don't live in UK
Replies: 6
Views: 495

Re: Yale Endowment Report 2014

Valuethinker: I think we agree more than we disagree, but let me add to some of these points by saying "Risk / Return". I tend to discount the importance of leverage. Increased leverage increases risk as well as return. For all of these wonderfully returns, Yale only averaged 11.0% over t...
by Valuethinker
Wed Mar 04, 2015 3:46 am
 
Forum: Investing - Theory, News & General
Topic: Yale Endowment Report 2014
Replies: 44
Views: 3863

Re: Yale Endowment Report 2014

Leverage. PE funds make investments with higher leverage than Buffett (he is net cash on his balance sheet). Berkshire Hathaway is highly leveraged. Highly leveraged in the sense that all insurance companies are highly leveraged. Every policy is a liability, every reserve asset is an asset. There a...
by Valuethinker
Tue Mar 03, 2015 4:40 pm
 
Forum: Investing - Theory, News & General
Topic: Yale Endowment Report 2014
Replies: 44
Views: 3863

Re: Yale Endowment Report 2014

Page 15 of the Yale Report & Accounts (talks about the endowment) makes a pretty strong case for the Yale approach *if* you have superior manager selection (which they appear to do). 10 year returns from 2004 include the financial crash and recovery so 'as good as' in terms of a sample (the 2019...
by Valuethinker
Tue Mar 03, 2015 12:01 pm
 
Forum: Investing - Theory, News & General
Topic: Yale Endowment Report 2014
Replies: 44
Views: 3863

Re: Yale Endowment Report 2014

In any case, I'll repeat that the valuation methods for illiquid investments always have the risk of getting goosed upwards. Its a type of moral hazard for investment management that is very difficult to avoid. It is a risk and some of Yale's returns on PE will include unrealized investments. Howev...
by Valuethinker
Tue Mar 03, 2015 11:56 am
 
Forum: Investing - Theory, News & General
Topic: Yale Endowment Report 2014
Replies: 44
Views: 3863

Re: Is this a REIT or not?

The reason I ask this is question is that I am reevaluating my portfolio and trying to decide between 70/30 and 60/40 (although from what I have read, it doesn’t make that big of a difference). The bulk of my portfolio is in the TSP. So if I go 60/40, then that would be 40% G fund plus 10% “REIT”; ...
by Valuethinker
Tue Mar 03, 2015 11:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Is this a REIT or not?
Replies: 15
Views: 692

Re: Opinions on living in Jacksonville FL?

Jacksonville is a huge city with many different areas. If you're looking for areas close to Mayo, I would recommend Ponte Vedra Beach. My wife and I love it here. Many of our friends who work at Mayo live here and they enjoy it as well. She would only be about 10 minutes away and she wouldn't have ...
by Valuethinker
Tue Mar 03, 2015 11:53 am
 
Forum: Personal Consumer Issues
Topic: Opinions on living in Jacksonville FL?
Replies: 18
Views: 1756

Re: Is this a REIT or not?

I would be wary of very high management fees on such a beast. Does Swensen mention it in his book on personal investing? Also check 'REIT wrecks' which has some interesting stories re 'private label' REIT investing. If you do have 10% in it, this is an *equity* investment, not a bond investment. Giv...
by Valuethinker
Tue Mar 03, 2015 11:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Is this a REIT or not?
Replies: 15
Views: 692

Re: No heat

Thanks for the replies. I called around 5 or 6 different hvac companies this morning and decided to go with one that has been to my home in the past (he did one of those "tune-ups" a year or so ago). He confirmed the issue sounds like a problem with the motor and said he would charge $549...
by Valuethinker
Mon Mar 02, 2015 5:16 pm
 
Forum: Personal Consumer Issues
Topic: No heat
Replies: 20
Views: 1166

Re: Seeking carbon efficient S&P fund

Can anyone point me to a currently available mutual or ETF fund that tracks one of the S&P 500 Carbon Efficient indices for individual (vs institutional) investors? This is a very specific request for a carbon efficient fund to substitute for current holdings of S&P 500 index funds. I'm not...
by Valuethinker
Mon Mar 02, 2015 4:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Seeking carbon efficient S&P fund
Replies: 14
Views: 927

Re: Seeking carbon efficient S&P fund

Buysider wrote:Green Century Funds uses KLD's carbon index/400:

http://greencentury.com/our-funds/equity-fund/

[OT comment removed by admin LadyGeek]


[Reply to OT comment removed by admin LadyGeek]
by Valuethinker
Mon Mar 02, 2015 4:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Seeking carbon efficient S&P fund
Replies: 14
Views: 927

Re: Where to go on my sabbatical?

Barbados I think has all kinds of issues. Small islands (I've heard of issues about crime?). Claustrophobic. India would work well. Your family might face adaptation issues, but you would not. One thing I would say on an adventure like this, which is for your career, it's really important to have a ...
by Valuethinker
Mon Mar 02, 2015 12:53 pm
 
Forum: Personal Consumer Issues
Topic: Where to go on my sabbatical?
Replies: 11
Views: 777

Re: Investing pounds - don't live in UK

Probably what you want is an online broker then buy ETFs listed on Dublin -- that should cover the basic EU financial services issues. However tax is another matter. I suspect without a UK address a UK financial services co won't want to do business with you. However ETFs are generally a lower cost ...
by Valuethinker
Mon Mar 02, 2015 12:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing pounds - don't live in UK
Replies: 6
Views: 495

Re: WWWD (what would warren do)

WB's advice to Lebron James: Through the rest of his career and beyond make monthly contributions to a low cost index fund. Hold significant cash reserves. Enough where you are comfortable. Beyond that own a diversified piece of America bought over time and held for 30 to 40 years. One has to look ...
by Valuethinker
Mon Mar 02, 2015 12:08 pm
 
Forum: Investing - Theory, News & General
Topic: WWWD (what would warren do)
Replies: 21
Views: 1584

Re: Is a generator worth it?

Natural gas gives me the jitters. Just after moving to NJ there was a gas leak on a main that led to a fire that was so bad it melted cars parked near it. http://www.nytimes.com/1994/03/25/nyregion/explosion-edison-overview-new-jersey-pipeline-explosion-sets-off-panic-chaos.html Just a week ago a l...
by Valuethinker
Mon Mar 02, 2015 11:58 am
 
Forum: Personal Consumer Issues
Topic: Is a generator worth it?
Replies: 105
Views: 5290

Re: No heat

The gas furnace in my attic stopped working yesterday. You could hear it trying to run like normal but there was no air blowing out of the air registers. This exact problem also happened about a week ago and I called a company that was able to come out on the same day and fix it. He replaced my cap...
by Valuethinker
Mon Mar 02, 2015 9:58 am
 
Forum: Personal Consumer Issues
Topic: No heat
Replies: 20
Views: 1166

Re: Honda fit vs VW GTI

Howdy folks, So, in the next year or two I might be selling my miata, and buying a more practical car. I am particularly leaning buying a hatchback. I (think) I've narrowed it down to two contenders. A new Honda Fit, or a used 2012-2013 VW GTI. Now, for those of you who aren't 'car people' these tw...
by Valuethinker
Mon Mar 02, 2015 9:31 am
 
Forum: Personal Consumer Issues
Topic: Honda fit vs VW GTI
Replies: 44
Views: 2808

Re: Help with municipal bonds

As per other poster, municipal bonds are all about taxes. Wellesley or Wellington you are also taking on equity risk- -fundamentally different thing. Couple of rules about muni bonds: - diversify eg into a fund. You cannot assess the risk of individual bonds (Larry Swedroe's book on bonds takes you ...
by Valuethinker
Mon Mar 02, 2015 9:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with municipal bonds
Replies: 4
Views: 461

Re: Tom Stanley-Millionaire Next Door Author Killed in Auto

Gah! I read his book several years ago and bought a copy for a friend. It gave me more of an appreciation for complex marketing and how it is difficult to not give in. RIP Hmmm... I think I might agree with you there... depending on where you are coming from. There was an analytical flaw in his wor...
by Valuethinker
Mon Mar 02, 2015 9:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Tom Stanley-Millionaire Next Door Author Killed in Auto Acci
Replies: 53
Views: 8470

Re: Tom Stanley-Millionaire Next Door Author Killed in Auto

It is sad to see anyone go. I remember David Halberstam went like this and it seemed so wrong, that we would not read more words by him.

Closer to home this one hits, too.
by Valuethinker
Mon Mar 02, 2015 9:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Tom Stanley-Millionaire Next Door Author Killed in Auto Acci
Replies: 53
Views: 8470

Re: Is a generator worth it?

For HW heating with a standard indirect, pshonore could save some money by installing a conventional electric tank and using it during the summer. He could save even more by installing a HPWH. Valuethinker: I think you would be appalled by the primitive state of of US oil burning residential equipm...
by Valuethinker
Mon Mar 02, 2015 7:33 am
 
Forum: Personal Consumer Issues
Topic: Is a generator worth it?
Replies: 105
Views: 5290

Re: Is a generator worth it?

Most of CT, MA and RI are the same; once you leave the city and built up burbs, there is very limited NG. I live in the boonies in RI. I have natural gas. About every other street in my area has gas lines running under the street. If someone on another street here wants natural gas, they (or they a...
by Valuethinker
Mon Mar 02, 2015 7:26 am
 
Forum: Personal Consumer Issues
Topic: Is a generator worth it?
Replies: 105
Views: 5290

Re: Is a generator worth it?

And baseboard electrical heating (electric bar) is by definition grossly inefficient. [EDIT in response to PM. That is to say a coal fired generating station has efficiency of c. 35% (not including the energy cost of mining and transporting the coal thousands of miles) and a gas fired one maybe 55%...
by Valuethinker
Mon Mar 02, 2015 7:23 am
 
Forum: Personal Consumer Issues
Topic: Is a generator worth it?
Replies: 105
Views: 5290

Re: Yale Endowment Report 2014

How can they get 36.1% annualized returns over a 20-year period on private equity!? Wow that is impressive! :greedy With Warren Buffett reporting somewhere around 23% or so annualized, it would be interesting to see how they achieve 36.1% annualized over a 20 year period. Leverage. PE funds make in...
by Valuethinker
Mon Mar 02, 2015 6:11 am
 
Forum: Investing - Theory, News & General
Topic: Yale Endowment Report 2014
Replies: 44
Views: 3863

Re: Yale Endowment Report 2014

How can they get 36.1% annualized returns over a 20-year period on private equity!? Wow that is impressive! :greedy With Warren Buffett reporting somewhere around 23% or so annualized, it would be interesting to see how they achieve 36.1% annualized over a 20 year period. Simple: market efficiency....
by Valuethinker
Mon Mar 02, 2015 6:09 am
 
Forum: Investing - Theory, News & General
Topic: Yale Endowment Report 2014
Replies: 44
Views: 3863

Re: Yale Endowment Report 2014

How can they get 36.1% annualized returns over a 20-year period on private equity!? Wow that is impressive! :greedy With Warren Buffett reporting somewhere around 23% or so annualized, it would be interesting to see how they achieve 36.1% annualized over a 20 year period. Making some good Venture c...
by Valuethinker
Mon Mar 02, 2015 6:03 am
 
Forum: Investing - Theory, News & General
Topic: Yale Endowment Report 2014
Replies: 44
Views: 3863

Re: Is a generator worth it?

Fuel oil for residential heating in the US is going down hard. Since 2005, very few new oil-fired systems are being installed (think 100s per year in the entire US). Lots of existing systems are being converted to gas, geo or ashp, depending on the location. EIA says residential diesel usage (mostl...
by Valuethinker
Mon Mar 02, 2015 4:59 am
 
Forum: Personal Consumer Issues
Topic: Is a generator worth it?
Replies: 105
Views: 5290

Re: Is a generator worth it?

My exaggeration: http://www.census.gov/construction/chars/pdf/heatingfuel.pdf Looks like there were ~2000 new homes built in the US that used oil heat in 2013, out of 569,000 homes. <0.4%. the figure in 2003 was 31,000 homes with oil heat out of 1.4M new homes. about 2.2%. for comparison 214,000 we...
by Valuethinker
Mon Mar 02, 2015 4:56 am
 
Forum: Personal Consumer Issues
Topic: Is a generator worth it?
Replies: 105
Views: 5290

Re: Would you buy into this state defined benefit pension?

MA has given a COLA for practically every year. If I assume a 3% COLA on $13k of the pension to age 84 the IRR is 7.4%, without the COLA it's 5.4%, but obviously the longevity, stable income and control of market risk factors are more important to me. You have to read MA politics and take your own ...
by Valuethinker
Mon Mar 02, 2015 4:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Would you buy into this state defined benefit pension?
Replies: 16
Views: 1155

Re: A European with only EUR investments - big mistake?

Hi there, Well, most US investors do allocate a certain % of their Asset Allocation to international funds. Opinions vary a lot, this can go from 0% to 50% (which is my AA) - I perceive an average of ~ 30% from various posts, but maybe I'm wrong. If one goes per market cap, the US is more or less h...
by Valuethinker
Mon Mar 02, 2015 4:28 am
 
Forum: Investing - Help with Personal Investments
Topic: A European with only EUR investments - big mistake?
Replies: 5
Views: 401

Re: Would you buy into this state defined benefit pension?

Although you are not married, should you ever be married, the survivor benefit (I presume that's automatic?) becomes quite valuable in and of itself. One of my great uncles remarried in his 60s to a 30 year old woman. Perhaps that's why he lived into his 90s! ;-). Anyways she is still be drawing his...
by Valuethinker
Mon Mar 02, 2015 4:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Would you buy into this state defined benefit pension?
Replies: 16
Views: 1155

Re: Illiquid Assets

Is there really a illiquidity premium? Almost certainly yes *gross* of fees. It is questionable whether investors in Private Equity funds, Infrastructure funds, even Real Estate funds, capture that premium on average, as opposed to the fund managers. If you are Swensen and Yale Endowment you are ad...
by Valuethinker
Mon Mar 02, 2015 4:18 am
 
Forum: Investing - Theory, News & General
Topic: Illiquid Assets
Replies: 37
Views: 2681

Re: Do you consider mortgage payments as savings?

Some personal finance bloggers often include their mortgage payments as part of their overall savings. Their reasoning is that as they pay down the mortgage, they built equity in the home and this adds to the net worth. So they include these payments as part of their after-tax savings. It's more fo...
by Valuethinker
Mon Mar 02, 2015 4:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 306
Views: 12165

Re: Do you consider mortgage payments as savings?

[edited xxxxxxxxxxxxxxxx]
by Valuethinker
Mon Mar 02, 2015 4:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 306
Views: 12165

Re: Is a generator worth it?

http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=W_EPD2F_PRS_NUS_DPG&f=W 25 year history heating oil prices http://www.eia.gov/energyexplained/index.cfm?page=heating_oil_factors_affecting_prices http://www.eia.gov/todayinenergy/detail.cfm?id=5890 2012 switch to Ultra Low Sulphur fue...
by Valuethinker
Sun Mar 01, 2015 1:27 pm
 
Forum: Personal Consumer Issues
Topic: Is a generator worth it?
Replies: 105
Views: 5290

Re: Our neighbors home was gutted and rebuilt - Question

I live in a place like this, where values have been driven up in a similar fashion. People have worried for years that the town will never be the same. Its the civilized nature and human scale of a small town that the newcomers are attracted to, and as they become part of the community they too wil...
by Valuethinker
Sun Mar 01, 2015 1:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Our neighbors home was gutted and rebuilt - Question
Replies: 19
Views: 2730

Re: A European with only EUR investments - big mistake?

I would use a globally diversified fund for as much as your equity as you feel comfortable. Don't ignore Asia Australia Canada in all this. I have less confidence that you need Emerging Markets, but there's a strong case for it. You shouldn't feel constrained to own Apple and Coke. There's Toyota an...
by Valuethinker
Sun Mar 01, 2015 12:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: A European with only EUR investments - big mistake?
Replies: 5
Views: 401

Re: Is a generator worth it?

With fuel oil prices down now it's probably not worth converting for those who don't have a 10 year view on staying in their home, but I suspect (depending on costs, etc.) that for those with a 10 year view, it's still worth doing. . Fuel Oil down?? Guess again. My dealer told me Friday that fuel o...
by Valuethinker
Sun Mar 01, 2015 12:56 pm
 
Forum: Personal Consumer Issues
Topic: Is a generator worth it?
Replies: 105
Views: 5290

Re: Is a generator worth it?

I was lead to believe that converting to gas for our steam radiators was not an inexpensive proposition. We have gas-fired forced air in the newer part of our home, and I much prefer the radiators. I guess it depends on installation. We use hot water rad heating and gas and have done (probably, wit...
by Valuethinker
Sun Mar 01, 2015 10:43 am
 
Forum: Personal Consumer Issues
Topic: Is a generator worth it?
Replies: 105
Views: 5290

Re: Is a generator worth it?

It wasn't too long ago that my parents sold their 75 year old house with a buried fuel oil tank. The house was sold easily, and they didn't need to dig up the tank or do any other remediation. If this makes your house unsaleable there are a large percentage of the houses in the northeastern U.S. th...
by Valuethinker
Sun Mar 01, 2015 7:41 am
 
Forum: Personal Consumer Issues
Topic: Is a generator worth it?
Replies: 105
Views: 5290

Re: Our neighbors home was gutted and rebuilt - Question

I agree with Stan1. Your home may not appreciate much if at all, because what has happened here is that the land is worth more than the land with an old structure on it. If this happens another few times, you should value your home for tear down value. That is, the value of the lot, minus the cost ...
by Valuethinker
Sun Mar 01, 2015 7:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Our neighbors home was gutted and rebuilt - Question
Replies: 19
Views: 2730

Re: Citibank Structured Notes

The notes mature on December , 2033 (expected to be December 20, 2033 ) . We may call the notes, in whole and not in part, for mandatory redemption on any quarterly interest payment date beginning December , 2015 (expected to be December 20, 2015) upon not less than five business days’ notice. Foll...
by Valuethinker
Sun Mar 01, 2015 7:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Citibank Structured Notes
Replies: 3
Views: 452

Re: Our neighbors home was gutted and rebuilt - Question

It's the beginning of the end of your neighborhood. One house after another will be sold, torn down, and a much more expensive house built and occupied by people who have no regard for the effect of what they do (the walls, upper windows looking down directly into neighbors' houses, houses built ou...
by Valuethinker
Sun Mar 01, 2015 7:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Our neighbors home was gutted and rebuilt - Question
Replies: 19
Views: 2730

Re: Would you buy into this state defined benefit pension?

In and of itself it looks attractive. It's like putting 22% of your portfolio into bonds at an attractive interest rate. One issue is terms of many state pension funds are being changed. If it was Illinois I would be especially cautious (far and away the worst state pension deficit problem as I unde...
by Valuethinker
Sun Mar 01, 2015 7:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Would you buy into this state defined benefit pension?
Replies: 16
Views: 1155

Re: Investing in the Netherlands

Try Dublin?

The Irish use the Euro, and a lot of the ETFs are listed on Dublin. So a Dublin-based online broker might work.
by Valuethinker
Sun Mar 01, 2015 7:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing in the Netherlands
Replies: 18
Views: 1749

Re: Is a generator worth it?

I find natural gas frightening when I think about it, Degrees of risk. You are at much more risk behind the wheel of a car, driving. And gasoline fires and explosions are probably much more common than natural gas (certainly if we include as a result of car accidents). Those petroleum tankers on th...
by Valuethinker
Sun Mar 01, 2015 7:21 am
 
Forum: Personal Consumer Issues
Topic: Is a generator worth it?
Replies: 105
Views: 5290

Re: Buy and Hold Forever Stocks

boroc7 wrote:How about great companies in energy and technology? I'm thinking keepers like Enron and Blackberry.


Polaroid and Kodak, you mean.
by Valuethinker
Sat Feb 28, 2015 5:03 pm
 
Forum: Investing - Theory, News & General
Topic: Buy and Hold Forever Stocks
Replies: 101
Views: 7705

Re: Buy and Hold Forever Stocks

But nowadays I'm holding onto my remaining AAPL shares not as a growth stock but as a dividend juggernaut. Interesting discussion, but I'm a Newbie and just have a question about this. Why are the dividends so prized? If need a little $ why not just cash out something? Trying to understand why some...
by Valuethinker
Sat Feb 28, 2015 5:00 pm
 
Forum: Investing - Theory, News & General
Topic: Buy and Hold Forever Stocks
Replies: 101
Views: 7705

Re: Is a generator worth it?

Yes, at least in our area. Many (most?) homes with oil heat have big tanks in their basements. For those with buried tanks, our experience from househunting and speaking with attorneys is that any underground tank must be disclosed and removed . And this may involve testing and de-contamination of ...
by Valuethinker
Sat Feb 28, 2015 4:51 pm
 
Forum: Personal Consumer Issues
Topic: Is a generator worth it?
Replies: 105
Views: 5290
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