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Re: Value Overvalued

It's still undervalued relative to growth - funny how that is always case
by avalpert
Sun Jul 20, 2014 11:48 pm
 
Forum: Investing - Theory, News & General
Topic: Value Overvalued
Replies: 23
Views: 1971

Re: Ways to lose money and destroy personal wealth by invest

gvsucavie03 wrote:Assume the current bull market will continue forever.

Or assuming the bear market will last forever, or the double dip recession is inevitable, or stock will dip when QE3 ends, or...

How about we just go with assuming we know the future of the market.
by avalpert
Sun Jul 20, 2014 6:59 pm
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9101

Re: Developing a sound framework for optimal asset allocatio

Good question. I don't read too much previous work. I try to be original. I want to thank you for that laugh - this could be the funniest thing I've ever read on the internet. If only all the people who have actually pushed thinking forward with original ideas hadn't bothered to read previous work,...
by avalpert
Sun Jul 20, 2014 11:45 am
 
Forum: Investing - Theory, News & General
Topic: Developing a sound framework for optimal asset allocation
Replies: 44
Views: 2666

Re: Market Timing vs. Market Opportunity

... on the chance that the market will drop when QE3 ends. Chance is the key word here isn't it? Do you believe in establishing an AA to govern your investing? What is your target AA? Unless it's 100% stocks you'll probably be pulling some out of equities as they increase anyway. If it is 100% stoc...
by avalpert
Fri Jul 18, 2014 1:27 pm
 
Forum: Investing - Theory, News & General
Topic: Market Timing vs. Market Opportunity
Replies: 46
Views: 2859

Re: Market Timing vs. Market Opportunity

Interesting...so everyone here is of the same mind set? There are no market opportunities, only market timing? That surprises me with a forum of this size. Keep in mind, I'm not advocating putting your retirement fund in penny stocks; I'm talking about taking some portion of your money out of the m...
by avalpert
Fri Jul 18, 2014 1:18 pm
 
Forum: Investing - Theory, News & General
Topic: Market Timing vs. Market Opportunity
Replies: 46
Views: 2859

Re: was Bogle right about ETFs?

ETFs were designed to be sold and bought, sold and bought, etc... Bogleheads don't buy products designed to be sold. Bogleheads don't cut off their nose to spite their face... Well unlike you I haven't actually read the definitive list of things Bogleheads don't do but I think I am on safer ground ...
by avalpert
Fri Jul 18, 2014 1:09 pm
 
Forum: Investing - Theory, News & General
Topic: was Bogle right about ETFs?
Replies: 26
Views: 2840

Re: What Do You Tilt to Outside of the Three Fund (at least

This is an incoherent poll and does a great job illustrating some of the simplistic misunderstandings people have of factor-based models, portfolio theories and tilting in general. As some simple examples, how much would one need to invest in rental properties for them to be 'tilting' to it? Privat...
by avalpert
Fri Jul 18, 2014 9:26 am
 
Forum: Investing - Help with Personal Investments
Topic: What Do You Tilt to Outside of the Three Fund (at least 4%)?
Replies: 25
Views: 1377

Re: Keep house or sell

You still haven't provided the most important number to determining if it is worth it - what is the condo worth? I don't care what the difference is between what you paid and what you can sell I only care what you can sell it for now.
by avalpert
Thu Jul 17, 2014 8:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Keep house or sell
Replies: 14
Views: 927

Re: What Do You Tilt to Outside of the Three Fund (at least

This is an incoherent poll and does a great job illustrating some of the simplistic misunderstandings people have of factor-based models, portfolio theories and tilting in general. As some simple examples, how much would one need to invest in rental properties for them to be 'tilting' to it? Private...
by avalpert
Thu Jul 17, 2014 8:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: What Do You Tilt to Outside of the Three Fund (at least 4%)?
Replies: 25
Views: 1377

Re: Ways to lose money and destroy personal wealth by invest

- failing to buy a house when you can afford it and you are a long term holder (this is more controversial, but it was only accident I bought a flat in the mid 1990s in London, and that flat would now be worth 5x what I paid for it) I'd strongly disagree with this - particularly as it is stated. As...
by avalpert
Thu Jul 17, 2014 3:01 pm
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9101

Re: How much do you spend on your hobby annually?

I'm a certified private pilot who flies regularly for fun, a scuba diver who takes at least one trip to Bonaire every year, take at least two international trips a year (just got back from a trip to Malawi, Zambia and Mozambique), go camping and indoor climbing with the kids and dabble in a handful ...
by avalpert
Wed Jul 16, 2014 5:34 pm
 
Forum: Personal Consumer Issues
Topic: How much do you spend on your hobby annually?
Replies: 77
Views: 6793

Re: Monthly maintenance cost for a house?

Here are a few more things to think about: So many half-truths in here it is worth correcting them lest someone read this and unthinkingly take it as obviously true: Bear in mind that for a comparable place, the cost of renting is not going to be signficantly cheaper if any than the costs of owning...
by avalpert
Mon May 19, 2014 8:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Monthly maintenance cost for a house?
Replies: 28
Views: 2346

Re: Taking a leave of absence for one year

But returning to work isn't as big of a deal as people think. I think people who don't encounter any difficulties tend to pooh-pooh the real potential for problems. And I think people who don't try tend to overestimate the potential problems (which should come as no surprise to anyone here as overe...
by avalpert
Sat May 17, 2014 10:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taking a leave of absence for one year
Replies: 37
Views: 2731

Re: Taking a leave of absence for one year

I have twice taken extended time off in my now 15 year career in management consulting/professional service. Once I did so as a sabbatical with the blessing of my company after being there for 4 years (at the age of 27) I took ~8 months to travel with my wife mostly in Southeast Asia. ~5 years afte...
by avalpert
Thu May 15, 2014 11:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Taking a leave of absence for one year
Replies: 37
Views: 2731

Re: Stock Market to Plunge? What a friend said.

Maybe a bit speculative but my co-worker said that stocks, it seems are about to take a dive. When I asked what would trigger it (unlike 2000 being a dot com bubble and 2008 real estate ... what is the factor now), his answer was that the government is cutting down on printing money and thus this c...
by avalpert
Wed May 14, 2014 8:54 pm
 
Forum: Investing - Theory, News & General
Topic: Stock Market to Plunge? What a friend said.
Replies: 78
Views: 6110

Re: 401k - how to increase % of salary contribution limits

That answer from HR doesn't make much sense. They are probably a safe harbor plan anyway with the 3% contributions and even if they aren't keeping the percent of salary down can only hurt with non-discrimination testing because it limits the $ amount the lower paid employees can contribute more than...
by avalpert
Wed May 14, 2014 8:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k - how to increase % of salary contribution limits
Replies: 4
Views: 804

Re: Taking a leave of absence for one year

I have twice taken extended time off in my now 15 year career in management consulting/professional service. Once I did so as a sabbatical with the blessing of my company after being there for 4 years (at the age of 27) I took ~8 months to travel with my wife mostly in Southeast Asia. ~5 years after...
by avalpert
Wed May 14, 2014 8:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taking a leave of absence for one year
Replies: 37
Views: 2731

Re: What our company's 401k Advisor said about 1.5% Fees

So .... I am now named the advocate to our 401k plan. Our meeting with our 401k adviser takes place 2 weeks from now. preparing powerpoint slides and possible question and answers .. I am trying to foresee what the adviser may say to combat my presentation. He may say ... your fees are higher becau...
by avalpert
Fri May 09, 2014 2:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: What our company's 401k Advisor said about 1.5% Fees
Replies: 113
Views: 14850

Re: What our company's 401k Advisor said about 1.5% Fees

what I am curious to know is ... is the CFOs argument valid? Are we paying high fees (an no way around this) because our total asset as a company is low? Because not many people contribute, etc??? is this a dead end??? No he isn't. I'm at a ~50 person firm and we switched to Employee Fiduciary with...
by avalpert
Fri May 09, 2014 9:22 am
 
Forum: Personal Finance (Not Investing)
Topic: What our company's 401k Advisor said about 1.5% Fees
Replies: 113
Views: 14850

Re: Non Deductible IRA make sense in this case?

If the non-deductible IRA contribution will be in a bond fund, the tax deferral is a net gain; in a taxable account, you will pay tax at the same rate on your gains, so you might as well pay the tax later. IS that really accurate? Isn't it more accurate to say the tax deferral is neutral pending th...
by avalpert
Thu May 08, 2014 7:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Non Deductible IRA make sense in this case?
Replies: 20
Views: 898

Re: What our company's 401k Advisor said about 1.5% Fees

what I am curious to know is ... is the CFOs argument valid? Are we paying high fees (an no way around this) because our total asset as a company is low? Because not many people contribute, etc??? is this a dead end??? No he isn't. I'm at a ~50 person firm and we switched to Employee Fiduciary with...
by avalpert
Thu May 08, 2014 6:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: What our company's 401k Advisor said about 1.5% Fees
Replies: 113
Views: 14850

Re: Is equity diversification over-hyped?

If your US equity position is TSM, you are comfortable with getting the market weight of the small risk factor and not likely looking at taking more risk, even at the expense of potentially not getting more gain. The reason to own TSM is low cost. If one doesn't want the extra risk of small caps th...
by avalpert
Thu May 08, 2014 5:28 pm
 
Forum: Investing - Theory, News & General
Topic: Is equity diversification over-hyped?
Replies: 45
Views: 3355

Re: What our company's 401k Advisor said about 1.5% Fees

what I am curious to know is ... is the CFOs argument valid? Are we paying high fees (an no way around this) because our total asset as a company is low? Because not many people contribute, etc??? is this a dead end??? No he isn't. I'm at a ~50 person firm and we switched to Employee Fiduciary with...
by avalpert
Thu May 08, 2014 5:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: What our company's 401k Advisor said about 1.5% Fees
Replies: 113
Views: 14850

Re: last min international flights

This site usually gives the most comprehensive fare options available (though you need to use something else to book): http://matrix.itasoftware.com/ Though if you are looking at possible connections not on ITA (like some regional international carriers or charter flights) skyscanner.com often can c...
by avalpert
Tue Apr 29, 2014 5:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: last min international flights
Replies: 8
Views: 1064

Re: VTI [Total Stock Market Index vs. Individual Funds]

Holding VXF and VB is redundant - you would either combine VOO and VXF or VV, VO and VB to match VTI. If your goal is to replicate the market then just use VTI, if your goal is to tilt your portfolio towards specific asset classes obviously you will need to use funds corresponding to those asset cla...
by avalpert
Tue Apr 29, 2014 4:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: VTI [Total Stock Market Index vs. Individual Funds]
Replies: 3
Views: 1114

Re: Good scotch recommendations, where to buy

midareff wrote:Jameson 18 is my favorite but limit myself to one a year (B-Day) due to costs. Lots of good single malts out there.

Um, very much not a scotch...
by avalpert
Sun Apr 27, 2014 10:45 am
 
Forum: Personal Consumer Issues
Topic: Good scotch recommendations, where to buy
Replies: 55
Views: 9414

Re: Good scotch recommendations, where to buy

I have been curious for a whole about what's the scotch brand of forum members here. I have benefited from many of the postings here, and would like to know if there are any obvious "savings" to be had, when buying from any particular sources either online, or otherwise. I have tried a fe...
by avalpert
Sun Apr 27, 2014 10:45 am
 
Forum: Personal Consumer Issues
Topic: Good scotch recommendations, where to buy
Replies: 55
Views: 9414

Re: Mr. Money Mustache: Hero or Foolish?

In fact, he makes a point worth considering. Maybe one of us should quit so we can move closer to the other job and pull our kids out of daycare. I like reading things which challenge my conceptions. I'm no MMM defender but the above is what I find appealing about his site/philosophy. I think peopl...
by avalpert
Thu Apr 24, 2014 11:40 pm
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 255
Views: 33605

Re: Mr. Money Mustache: Hero or Foolish?

In fact, he makes a point worth considering. Maybe one of us should quit so we can move closer to the other job and pull our kids out of daycare. I like reading things which challenge my conceptions. I'm no MMM defender but the above is what I find appealing about his site/philosophy. I think peopl...
by avalpert
Wed Apr 23, 2014 8:53 pm
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 255
Views: 33605

Re: ETF Question: How Long to Re-Pull Trigger

I'm using Vanguard ETFs -- Even though I'm a total novice the selection struck me as quite limited. But as far as I know, Vanguard provides for unlimited free trades when dealing with Vanguard ETFs. Here is the limit on Vanguard commission free trades: If you buy and sell the same Vanguard ETF in a...
by avalpert
Sun Apr 20, 2014 3:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: ETF Question: How Long to Re-Pull Trigger
Replies: 7
Views: 544

Re: If you leave your job, can you use up your whole FSA?

My research shows that if you leave your job during the calendar year, you can use up all your FSA money, even though you haven't paid fully into the plan through regular paychecks. I've done this at two companies, actually, and never heard any complaints from my employers. My question is, if you d...
by avalpert
Sun Apr 20, 2014 11:49 am
 
Forum: Personal Finance (Not Investing)
Topic: If you leave your job, can you use up your whole FSA?
Replies: 29
Views: 2248

Re: ETF Question: How Long to Re-Pull Trigger

If your going to bother day trading I hope you are doing it with something more interesting that Vanguard's selection of ETFs.
by avalpert
Sun Apr 20, 2014 11:36 am
 
Forum: Investing - Help with Personal Investments
Topic: ETF Question: How Long to Re-Pull Trigger
Replies: 7
Views: 544

Re: Live Now, Live Later?

turning50 wrote: It was really meant as a justification for spending more in discretionary things rather than complaining about high taxes.

And in that sense it is an irrelevant anchor - you shouldn't raise or lower your expenditures based on taxes but based on what you can/cannot afford and your needs/wants.
by avalpert
Sat Apr 19, 2014 8:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Live Now, Live Later?
Replies: 37
Views: 4424

Re: Looking at top 1% for actionable insight

The "actionable insight" is to choose a very challenging profession (law, medicine, possibly MBA ) that has a high barrier to entry in that it takes a certain amount of intelligence , dedication and money to get into and through those graduate schools. I don't think we should assume gradu...
by avalpert
Fri Apr 18, 2014 3:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Looking at top 1% for actionable insight
Replies: 73
Views: 9071

Re: Looking at top 1% for actionable insight

HomerJ wrote:
surfstar wrote:"Money can't buy happiness"


I don't know about that... I've never seen anyone sad while riding a jetski.


I have seen people sad while desperately trying to hold on to a runaway jetski - does that count?
by avalpert
Fri Apr 18, 2014 2:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Looking at top 1% for actionable insight
Replies: 73
Views: 9071

Re: Looking at top 1% for actionable insight

SeattleCPA, A major problem with looking at people who've done very well and studied what actions they have taken is that you're ignoring all those who have taken those actions but have not done very well. Exactly, it is classic lazy 'best practices' - find someone who succeeded ask them what they ...
by avalpert
Fri Apr 18, 2014 2:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Looking at top 1% for actionable insight
Replies: 73
Views: 9071

Re: Live Now, Live Later?

You seem to be in good shape to be able to spend more now (I would recommend experiences over things of course) and live well later.

But the whining about taxes is irrelevant and a red herring to your situation.
by avalpert
Fri Apr 18, 2014 2:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Live Now, Live Later?
Replies: 37
Views: 4424

Re: SCV premium is a history/math story, its not scientific

stocks are more risky, they must pay out more than bonds to get people to take the risk of stocks. sounds good, but completely wrong for past 50 years. You lost me here. No one knowledgeable believes the second clause of the first sentence. Indeed as stated you have an oxymoron. A statement that is...
by avalpert
Mon Apr 14, 2014 10:23 am
 
Forum: Investing - Theory, News & General
Topic: SCV premium is a history/math story, its not scientific
Replies: 46
Views: 3016

Re: How can "value beats growth" be a rule?

Good morning, I'm reading "The Four Pillars of Investing". Bernstein talks about the long-term risk difference in value stocks compared to growth stocks and I get the idea in theory - value stocks are "dogs" with higher risk but higher upside potential, while growth stocks are &...
by avalpert
Sun Apr 13, 2014 11:17 pm
 
Forum: Investing - Theory, News & General
Topic: How can "value beats growth" be a rule?
Replies: 21
Views: 1420

Re: Check picture software

Yes I have.
by avalpert
Sat Apr 12, 2014 8:27 pm
 
Forum: Personal Consumer Issues
Topic: Check picture software...iPhone app
Replies: 7
Views: 638

Re: How to short?

I've always wondered who gets to vote shorted shares. Imagine a company with three shares, one of which is owned by each of A, B, and C. Investor D shorts the stock. E buys the shorted share. Now there are four people (A, B, C, and E) who think they own the shares and can vote them, but there are n...
by avalpert
Fri Apr 11, 2014 8:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to short?
Replies: 14
Views: 1242

Re: Taxes with New Accountant ... Is this for real??? Invest

He needs to file taxes where his employer said he worked and withheld taxes for on his W2 (assuming he is not self employed). If the income was sourced to NJ, that's where he files, if to NY, then file in NY. He may also need to file where he is a legal resident which sounds like NJ since he rents ...
by avalpert
Fri Apr 11, 2014 7:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Taxes with New Accountant ... Is this for real??? Investing
Replies: 33
Views: 2475

Re: Taxes with New Accountant ... Is this for real??? Invest

I think I might have given you guys wrong info ... not state tax .... city tax is what I am now not paying to NY The test for New York City residency is: you maintain a permanent place of abode in New York City for more than 11 months of the year and spend 184 days or more (any part of a day is a d...
by avalpert
Fri Apr 11, 2014 7:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Taxes with New Accountant ... Is this for real??? Investing
Replies: 33
Views: 2475

Re: Taxes with New Accountant ... Is this for real??? Invest

So if the income is sourced to XX, you don't think he has to file there? The state of XX will certainly think so. Its either that or get a corrected W2. The W2 isn't the issue, if the taxes were withheld in a state too which he doesn't owe taxes then he should file to get the refund. That said, no ...
by avalpert
Fri Apr 11, 2014 5:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Taxes with New Accountant ... Is this for real??? Investing
Replies: 33
Views: 2475

Re: Taxes with New Accountant ... Is this for real??? Invest

He needs to file taxes where his employer said he worked and withheld taxes for on his W2 (assuming he is not self employed). If the income was sourced to NJ, that's where he files, if to NY, then file in NY. He may also need to file where he is a legal resident which sounds like NJ since he rents ...
by avalpert
Fri Apr 11, 2014 5:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Taxes with New Accountant ... Is this for real??? Investing
Replies: 33
Views: 2475

Re: Taxes with New Accountant ... Is this for real??? Invest

The OP is worried if he wants to contribute or not to IRA while we are worried about his tax filing method. In the first post, OP sorta mentioned as though he has two homes (one in NJ and one in NY). OP said that he/she rents in NJ too. So unless the OP provides more info about it, we might not be ...
by avalpert
Fri Apr 11, 2014 4:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Taxes with New Accountant ... Is this for real??? Investing
Replies: 33
Views: 2475

Re: Taxes with New Accountant ... Is this for real??? Invest

He needs to file taxes where his employer said he worked and withheld taxes for on his W2 (assuming he is not self employed). If the income was sourced to NJ, that's where he files, if to NY, then file in NY. He may also need to file where he is a legal resident which sounds like NJ since he rents ...
by avalpert
Fri Apr 11, 2014 4:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Taxes with New Accountant ... Is this for real??? Investing
Replies: 33
Views: 2475

Re: Taxes with New Accountant ... Is this for real??? Invest

So, for the last 4-5 years, even though my drivers license address was and still in state of NJ (i rent there too), I was showing that I live in New York (also where I currently work). Huh? How are you "showing" that you live in New York? What does that mean? I have 2 addresses. My driver...
by avalpert
Fri Apr 11, 2014 3:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Taxes with New Accountant ... Is this for real??? Investing
Replies: 33
Views: 2475

Re: Taxes with New Accountant ... Is this for real??? Invest

My response here certainly does not constitute legal tax advice, but I believe that you must pay the income tax on your salary earned in NY to NY. I still think that you need to file the NJ return since you live there, but that NJ will not tax your income due to double taxation rules. However, I do...
by avalpert
Fri Apr 11, 2014 12:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Taxes with New Accountant ... Is this for real??? Investing
Replies: 33
Views: 2475

Re: Mr. Money Mustache: Hero or Foolish?

Personally I am not that familiar with the hyper consumerism that everyone seems to think is so prevalent. Pretty much everywhere I have lived it is only 1 or 2 couples out of 20 that live like that. The rest might not be super frugal but they are living with in their means and saving for retiremen...
by avalpert
Fri Apr 11, 2014 10:37 am
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 255
Views: 33605
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