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Re: How are you doing through the first half of 2014?

Up 7.9%, not counting contributions. 70/30 stocks to bonds. REIT exposure helped deliver some extra return this year, after being a drag last year.
by bill1958
Wed Jul 02, 2014 10:58 am
 
Forum: Investing - Theory, News & General
Topic: How are you doing through the first half of 2014?
Replies: 91
Views: 9551

Re: P2P Lending

I have been a LC member for 4 years. I was actively investing new money until about 18 months ago. My returns have declined from about 13% 18 months ago to about 9% today (this return seems to be flattening out at this rate). At the high point I had 45K invested with an average note size of $50, and...
by bill1958
Wed Jul 02, 2014 6:49 am
 
Forum: Investing - Help with Personal Investments
Topic: P2P Lending
Replies: 12
Views: 925

Re: Recorded Q&A with Rick Ferri and the RTP Bogleheads

Thanks Steeve for posting the video, and Rick for suggesting it. The setup and format of the meeting really extracted maximum detail on a variety of topics. While the video is the length of a feature film, it doesn't get boring (at least to bogleheads). If there's a wiki for video files, I believe t...
by bill1958
Sat Jun 28, 2014 6:20 am
 
Forum: Investing - Theory, News & General
Topic: Recorded Q&A with Rick Ferri and the RTP Bogleheads
Replies: 25
Views: 3252

Re: What is the risk of having too much house

This is too much house for you. A $500 cushion is a recipe for disaster. You fail to consider this home will need maintenance (routine and long term), which I would easily estimate at about $10,000 year or more. What about new cars (as needed). Vacations, other unexpected expenses that come up? I us...
by bill1958
Wed Jun 25, 2014 6:08 am
 
Forum: Personal Finance (Not Investing)
Topic: What is the risk of having too much house
Replies: 51
Views: 4536

Re: Suggestions for 1-2 Days in NYC?

Not sure f it's been mentioned, Museum of Natural History is worth visiting.
by bill1958
Fri Jun 20, 2014 7:04 am
 
Forum: Personal Consumer Issues
Topic: Suggestions for 1-2 Days in NYC?
Replies: 51
Views: 3408

Re: Boston or south Boston chapter

Hi Victoria, Thank you for the question! Speaking only for myself Burlington on a Saturday is only about a 45 minute ride by car from South of Boston(SOB) where i am located. I would prefer closer but it is not too much of a burden. However, if we decide to make this a regular meeting, perhaps ever...
by bill1958
Thu Jun 19, 2014 12:53 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Boston or south Boston chapter
Replies: 96
Views: 3868

Re: Boston or south Boston chapter

In my opinion, if considering an alternate location- Boston, or beach town, I'd suggest Boston. I'd suggest the North End area, as has ok T access, and parking nearby. There is a Joes American Bar and Grill at 100 Atlantic Ave with harbor views. May be difficult to book a large party for lunch thoug...
by bill1958
Sun Jun 15, 2014 5:22 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Boston or south Boston chapter
Replies: 96
Views: 3868

Re: What smartphone plan do you use?- off contract

Trying to check TMob's nationwide coverage is an interesting experience on their website. After fooling with it for 15 minutes, I concluded that they have made it impossible to bring up a nationwide map with coverage indicated. What have they got to hide? Even when it was easy to see the map, the m...
by bill1958
Sun Jun 15, 2014 5:38 am
 
Forum: Personal Consumer Issues
Topic: What smartphone plan do you use?- off contract
Replies: 100
Views: 5557

Re: Ally Direct Deposit

No trouble here with dd for myself or 3 other family members using dd 'with Ally. Works jt's fine. Actually have been using their remote deposit for check deposits, which lets you deposit checks with a scanned image of the check. Works great!
by bill1958
Sat Jun 14, 2014 9:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Ally Direct Deposit
Replies: 12
Views: 1690

Re: What smartphone plan do you use?- off contract

T-Mobile here. We have 4 smartphones on a family plan for $100- free unlimited calls, unlimited texts, 500MB of data (this works for us as use wifi wifi when at home and at work, and don't stream video on the phone). Regarding call coverage, I used travel nationally (mostly to cities/suburban areas)...
by bill1958
Sat Jun 14, 2014 9:19 pm
 
Forum: Personal Consumer Issues
Topic: What smartphone plan do you use?- off contract
Replies: 100
Views: 5557

Re: Boston or south Boston chapter

I may be available for lunch on the 28th. Burlington, or points south along Rt128 woks for me.
by bill1958
Sat Jun 14, 2014 7:14 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Boston or south Boston chapter
Replies: 96
Views: 3868

Re: Boston with kids

The Museum of Science is great for kids. I learned more about science there at age 8-10 than I did in high school. Wonderful place. And you must do the swan boats, no excuses! And the Museum of Fine Arts, or the nearby Gardner museum. At your kids ages, +1 one for the Swan boats, and if you feel li...
by bill1958
Mon Jun 02, 2014 4:13 pm
 
Forum: Personal Consumer Issues
Topic: Boston with kids
Replies: 10
Views: 564

Re: Share your story of how you got wealthy

Would never claim I was wealthy but I suggest 1) marry the right partner 2) Live in the same house for 34 years 3) work very hard at your profession 4) live below your means and save prodigiously 5) never listen to or pay a dime to a broker or other thief +1, though did use a few only advisor for a...
by bill1958
Tue May 13, 2014 12:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Share your networth progression
Replies: 97
Views: 13942

Re: Tillers & Cultivators

I bought a mantis tiller with a 2 cycle engine 25 years ago for a similar sized plot. http://mantis.com/mantis-2-cycle-tiller.asp . Don't be put off by the size or the 2 cycle gas engine. I've used this heavily (as have neighbors), and all I've done to it is change the air filter. It's a versatile m...
by bill1958
Sun May 11, 2014 7:13 am
 
Forum: Personal Consumer Issues
Topic: Tillers & Cultivators
Replies: 21
Views: 1402

Re: Baby Boomers: Top 10 Movies

Blazing Saddles classic humor. Caddyshack too.
by bill1958
Fri Apr 18, 2014 8:18 pm
 
Forum: Personal Consumer Issues
Topic: Baby Boomers: Top 10 Movies
Replies: 49
Views: 4033

Re: My financial advisor doubt

2) Regarding DFA funds having to be sold if you terminate your relationship- that isn't accurate. I did this a few years ago, and basically all my positions I had at advisor termination stayed in place. Not sure who your custodian is, but perhaps call them to freeze your account from your advisor, ...
by bill1958
Mon Apr 14, 2014 10:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: My financial advisor doubt
Replies: 40
Views: 5221

Re: My financial advisor doubt

A few points about your original post: 1) Regarding your wife not having any interest in financial affairs, and your concern if you pass on suddenly for some reason is a valid concern. I agree that you shouldn't pay 20K a year in AUM for that possibility. I would find a fee only (hourly) advisor (Ga...
by bill1958
Mon Apr 14, 2014 8:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: My financial advisor doubt
Replies: 40
Views: 5221

Re: Putting money aside for kids

Depends on what you want their money to be for. If college, I'd say 529 is best vehicle. If it is funds you want to gift them at a certain age, I'd say a target fund in your name is appropriate. I did something similar with my kids, and transferred the funds to Roth IRAs in their name as they had ea...
by bill1958
Wed Apr 02, 2014 6:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Putting money aside for kids
Replies: 2
Views: 541

Re: Redrawn flood zone map puts portion of property in FZ

I used to work for one of the large mortgage companies. If I recall, is only a portion of the land, but not the structure is in the flood zone, you may not have to get flood insurance. I would make sure to work with senior person in the insurance area at the mortgage company to make sure they unders...
by bill1958
Sun Mar 30, 2014 8:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Redrawn flood zone map puts portion of property in FZ
Replies: 24
Views: 4000

Re: Do you have hardwood or tile in your kitchen?

a couple of thoughts... 1) if you like hardwood you would be surprised at how well hardwood holds up over time - I had hardwood in my kitchen for 10 years and it looked great - even after spills and dropping things on it, and kids, and dogs! 2) laminate flooring is awesome - I have used this twice,...
by bill1958
Sun Mar 30, 2014 6:00 am
 
Forum: Personal Consumer Issues
Topic: Do you have hardwood or tile in your kitchen?
Replies: 57
Views: 3477

Re: Lowes Install Services- anyone use them for a new bathro

Based on some of the opinions here, I do plan to get some additional bids-trying to get a few from contractors from less affluent areas that aren't too far away. I may try Angie's list- am curious to see anyone has used this service as the basis of choosing a contractor. I did skim Homeadvisor (a fr...
by bill1958
Sat Mar 29, 2014 2:42 pm
 
Forum: Personal Consumer Issues
Topic: Lowes Install Services- anyone use them for a new bathroom?
Replies: 22
Views: 2175

Re: Lowes Install Services- anyone use them for a new bathro

derosa wrote:40 sf?

that is an 8' by 5' room. And you have a vanity, toilet and shower unit in there?


Yes, this is the more or less the size. Everything fits just so, which is why I said previously there would be no walls or plumbing being moved.
by bill1958
Fri Mar 28, 2014 8:04 pm
 
Forum: Personal Consumer Issues
Topic: Lowes Install Services- anyone use them for a new bathroom?
Replies: 22
Views: 2175

Re: Lowes Install Services- anyone use them for a new bathro

I can attest to non-local contractors working for significantly less than locals in an affluent area. I live near the start of the Boston Marathon and most contractors expect any work to involve 6 figures. We needed some interior work done and a neighbor was using a contractor to reroof and was hap...
by bill1958
Fri Mar 28, 2014 4:46 pm
 
Forum: Personal Consumer Issues
Topic: Lowes Install Services- anyone use them for a new bathroom?
Replies: 22
Views: 2175

Re: Lowes Install Services- anyone use them for a new bathro

With this bathroom remodel, we had gotten 3 bids about 6 months ago- all were about 50-100% over our planned budget of about $10,000 (and we thought we could get the project done for $2,000 less than this!). Entire bathroom area is only 42 square feet. $20K for 42sqft? Yes. As mentioned previous, I...
by bill1958
Fri Mar 28, 2014 4:41 pm
 
Forum: Personal Consumer Issues
Topic: Lowes Install Services- anyone use them for a new bathroom?
Replies: 22
Views: 2175

Re: Lowes Install Services- anyone use them for a new bathro

Thanks everyone for the variety of comments so far regarding this project. My sense is that using Lowe's for one task installs (doors, windows, countertops, etc) is a bit less risky from a quality standpoint than a multi-faceted job like a bathroom remodel. We did use Lowe's to replace our interior ...
by bill1958
Fri Mar 28, 2014 9:53 am
 
Forum: Personal Consumer Issues
Topic: Lowes Install Services- anyone use them for a new bathroom?
Replies: 22
Views: 2175

Lowes Install Services- anyone use them for a new bathroom?

I'm in the process of bidding out the remodeling of one of our bathrooms in our home. Most likely will be a total gut job down to the studs, but may reuse the toilet and vanity which are in good shape (only 10 years old), but replace everything else, and suit our taste from a style standpoint. Our h...
by bill1958
Thu Mar 27, 2014 7:31 pm
 
Forum: Personal Consumer Issues
Topic: Lowes Install Services- anyone use them for a new bathroom?
Replies: 22
Views: 2175

Re: Motley Fool Interview

Taylor, I'm glad this thread was bumped as I missed it the first time around. Greatly enjoyed your interview, and hearing more about your life experiences. You're a very humble man, but it should be said, while Jack Bogle gave us the index fund, you've given the investment community an immense amoun...
by bill1958
Thu Mar 27, 2014 6:13 pm
 
Forum: Investing - Theory, News & General
Topic: Motley Fool Interview
Replies: 72
Views: 18906

Re: LED lights currently worth it personal financewise?

Just replaced 2 halogens that run 6 hours a day- payback is about 2 years. At this point, not worth replacing CFls unless getting huge rebate on the bulbs.

Other side benefit to replacing the halogens with the LEDs is that they throw off much less heat, which reduces the AC bill in summer.
by bill1958
Sat Mar 15, 2014 9:16 am
 
Forum: Personal Consumer Issues
Topic: LED lights currently worth it personal financewise?
Replies: 55
Views: 2717

Re: Amazon 10% Fed refund bonus with TurboTax

Thanks Bill…if you don't mind a follow up question, can I ask how long the IRS took to send your refund? I filed online about a week ago. I have my state refund already, but the feds are still mum (not unexpected). thanks! I filed online as you did. I took about 10 days to get the IRS refund, and a...
by bill1958
Mon Mar 10, 2014 11:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Amazon 10% Fed refund bonus with TurboTax
Replies: 30
Views: 5607

Re: House going to auction. Should I make offer?

I believe the OP mentioned the home was listed on foreclosure.com which would seem to indicate a bank initiated auction.
by bill1958
Sun Mar 09, 2014 8:33 am
 
Forum: Personal Finance (Not Investing)
Topic: House going to auction. Should I make offer?
Replies: 25
Views: 1881

Re: Amazon 10% Fed refund bonus with TurboTax

I just filed my taxes using TurboTax online and received the same offer and elected to have $300 of my refund go towards the Amazon offer. I also elected the refund via direct deposit option. Will these Amazon cards just show up in the regular mail to my home address? (I forgot to view the delivery...
by bill1958
Sun Mar 09, 2014 7:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Amazon 10% Fed refund bonus with TurboTax
Replies: 30
Views: 5607

Re: House going to auction. Should I make offer?

Btenny: thanks for the thoughtful comments. My biggest worry re the price is that I own another house, that I will need to sell. My realtor assures me that my house will sell by the end of the summer. He is confident, but, houses here take a long time to sell. So, I could end up selling this house ...
by bill1958
Sun Mar 09, 2014 7:17 am
 
Forum: Personal Finance (Not Investing)
Topic: House going to auction. Should I make offer?
Replies: 25
Views: 1881

Re: House going to auction. Should I make offer?

Generally I would say let the bank take it back, then negotiate the price with them. If you buy at auction, you take the house as is. Who knows what the current owners have done to the property, now that they are being kicked out of the home. I've seen some real messes left by prior owners. Usually...
by bill1958
Sun Mar 09, 2014 6:56 am
 
Forum: Personal Finance (Not Investing)
Topic: House going to auction. Should I make offer?
Replies: 25
Views: 1881

Re: House going to auction. Should I make offer?

Generally I would say let the bank take it back, then negotiate the price with them. If you buy at auction, you take the house as is. Who knows what the current owners have done to the property, now that they are being kicked out of the home. I've seen some real messes left by prior owners. Usually ...
by bill1958
Sat Mar 08, 2014 8:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: House going to auction. Should I make offer?
Replies: 25
Views: 1881

Re: File FAFSA with 7 figure non-retirement portfolio?

As others have said, it may be required for merit based aid (at least for freshman year). Also, it will be required to obtain any Stafford loans you plan to utilize. I wouldn't spend a lot of time finding out whether or not it's needed. It doesn't take long to complete. Probably worthwhile to do at ...
by bill1958
Sat Mar 08, 2014 2:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: File FAFSA with 7 figure non-retirement portfolio?
Replies: 22
Views: 2160

Re: Trip through New England

Thanks for the replies everyone. The Freedom Trail and Faneuil Market are on our list of possibilities. We also considered an evening dinner cruise off the harbor. Is there one you would recommend? This is the one I mentioned behind the Boston Harbor Hotel: http://www.odysseycruises.com/Boston/home...
by bill1958
Wed Mar 05, 2014 6:11 pm
 
Forum: Personal Consumer Issues
Topic: Trip through New England
Replies: 39
Views: 1680

Re: Trip through New England

The Wizard wrote:That's a good time to hit Cape Cod for a couple days as well, especially mid-week...


June is my favorite time of year on Cape Cod, but given the short time period and the route you've planned, it may be a bit off track to divert there unless you're changing plans.
by bill1958
Wed Mar 05, 2014 5:57 pm
 
Forum: Personal Consumer Issues
Topic: Trip through New England
Replies: 39
Views: 1680

Re: Trip through New England

Sounds like a lot of ground being covered in 1 week. For Boston, if limited on time, perhaps do the Duck tour, or a Freedom Trail tour (they are touristy, but IMO well done). I would stay either at a hotel on the waterfront (along the new greenway), or if want to get some shopping in, stay in the Co...
by bill1958
Wed Mar 05, 2014 5:55 pm
 
Forum: Personal Consumer Issues
Topic: Trip through New England
Replies: 39
Views: 1680

Re: How much is a fair hourly fee?

Rick, if you're asking in consideration of possibly offering planning advice in conjunction with the low cost investment services you offer, I would think $250/hour may be on the upper limit of a fair hourly charge. As a standalone fee with no ongoing charge for AUM, this rate could be reasonable. A...
by bill1958
Mon Mar 03, 2014 8:33 am
 
Forum: Investing - Theory, News & General
Topic: How much is a fair hourly fee?
Replies: 86
Views: 5144

Re: Paying for a Referral/Connection -- Business Start-up

Have you reconsidered starting this business? You're going to have to weigh having a future relationship with your sister and BIL, vs. starting a new business. I don't see how this can work out otherwise, short of giving your BIL what he wants. I know it stinks, but this was the track you were on on...
by bill1958
Sat Mar 01, 2014 6:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying for a Referral/Connection -- Business Start-up
Replies: 14
Views: 882

Re: Filling in a backyard pool/input wanted on cost-benefit

Thanks for sharing your story, and memories, and sorry about your recent loss. My story is similar to yours- bought our home 26 years ago, didn't want a pool, ended up loving the house/neighborhood, which came with an older inground vinyl lner pool. Our story may be a bit different, in that we've mo...
by bill1958
Thu Feb 27, 2014 11:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Filling in a backyard pool/input wanted on cost-benefit
Replies: 22
Views: 1840

Re: Be careful with Turbotax [Importing data from Vanguard]

I imported from 6 different sources ths year, including Vanguard. Doubled checked all entries, and all s n order. Filing was much easier with the imports, I used to be in the fill in blanks myself camp, but am now converted to importing with TT.
by bill1958
Wed Feb 26, 2014 7:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Be careful with Turbotax [Importing data from Vanguard]
Replies: 20
Views: 2728

Re: Where to buy polo shirts?

Have had god luck wth Eddie Bauer.
by bill1958
Wed Feb 26, 2014 7:02 pm
 
Forum: Personal Consumer Issues
Topic: Where to buy polo shirts?
Replies: 63
Views: 10335

Re: Fee Only Planner for Parents in Boston Area

Edelman's headquarters are in VA, but has 2 offices in MA- Burlington, and Needham. Agree that generally his advice is good, though his fees from what I've read are on the high side. If your parents are like mine, they probably prefer to be able to meet the advisor face to face, which isn't an optio...
by bill1958
Mon Feb 24, 2014 10:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fee Only Planner for Parents in Boston Area
Replies: 14
Views: 827

Re: Where do you invest your child's savings?

I believe the child must also be 18 years old to open an IRA. This statement is false. A parent can open a custodial IRA for a minor. I would follow IRS guidelines on funding it, which I believe contributions cannot exceed the lessor of the amount of earned income a child may have, or the $5,500 ma...
by bill1958
Mon Feb 24, 2014 9:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Where do you invest your child's savings?
Replies: 30
Views: 1554

Re: Warning about P2P Lending [Peer-to-Peer]

cb474, I think your analysis is spot on. I think the typical P2P investor is blinded by the returns they get despite the note risks, but ignore the potential bankruptcy risk of the P2P company. IMO, the average P2P lender doesn't understand that they do not have any ownership in the underlying notes...
by bill1958
Mon Feb 24, 2014 7:01 am
 
Forum: Investing - Theory, News & General
Topic: Warning about P2P Lending [Peer-to-Peer]
Replies: 42
Views: 5797

Re: Where do you invest your child's savings?

I bought a mid cap mutual fund when the children were very young, and paid matching amounts for all funds saved thru high school. I found this encouraged my children to become savers, rather than totally spend any cash gifts/earnings during their grade school years. During their college years, my ch...
by bill1958
Sun Feb 23, 2014 11:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where do you invest your child's savings?
Replies: 30
Views: 1554

Re: Warning about P2P Lending [Peer-to-Peer]

Hi All, About two years ago I was one of the big proponents on this board for P2P lending through LendingClub and Prosper. I just want to post a caution that I've changed my tune 180 degrees. Starting about eight or nine months ago, I noticed the monthly interest collected was rapidly dwindling to ...
by bill1958
Thu Feb 20, 2014 7:26 pm
 
Forum: Investing - Theory, News & General
Topic: Warning about P2P Lending [Peer-to-Peer]
Replies: 42
Views: 5797

Re: Downsizing: Single home to a condo

Thanks, a twin house is possible too. I even have thoughts of going back to renting, but not sure if thats the best idea. Just some caution with this property type. They aren't always easily financed, and may only be able to be financed by a local bank that will hold and service the loan in their p...
by bill1958
Thu Feb 20, 2014 8:11 am
 
Forum: Personal Consumer Issues
Topic: Downsizing: Single home to a condo
Replies: 20
Views: 1525
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