Search found 49 matches

by clast
Tue Jul 28, 2015 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: How and why to put your house in a trust in California
Replies: 12
Views: 1755

Re: How and why to put your house in a trust in California

I'm not sure how applicable this is, but may be worth looking into: I recently read this web site article from a Texas lawyer specializing in real estate and asset protection (I think he works with landlords a lot). One of his common tactics is to (1) put the house in an LLC, and then (2) file a DBA...
by clast
Tue Jul 28, 2015 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Replacement for Assurant Health insurance? (Texas) They're getting out of health insurance business
Replies: 1
Views: 162

Replacement for Assurant Health insurance? (Texas) They're getting out of health insurance business

I currently have a HDHP with Assurant. I got a letter from them saying that after 12/31/2015 they will no longer offer coverage. This is a blessing, because I've been wanting to change for a while. I'd like recommendations on (1) a good HDHP plan in Texas for a healthy 41-year old (if health status ...
by clast
Tue Jul 07, 2015 9:15 pm
Forum: Investing - Theory, News & General
Topic: "Greece, global debt, and ongoing uncertainty."
Replies: 4
Views: 974

Re: "Greece, global debt, and ongoing uncertainty."

As Jack Bogle says, "Don't do something, just stand there!"

https://youtu.be/Tk1woz1OQrc?t=4m56s
by clast
Thu Jul 02, 2015 11:58 pm
Forum: Personal Consumer Issues
Topic: MacBook Air - power issues
Replies: 16
Views: 2112

Re: MacBook Air - power issues

My girlfriend's 2013 Macbook Air started running out of battery charge quickly a while back. She finally brought it into the Apple store and they told her there was a problem that affected some Macbook's, including hers. They kept the computer for a day or two, replaced the battery, and the new one ...
by clast
Mon Jun 29, 2015 12:29 am
Forum: Investing - Theory, News & General
Topic: Puerto Rico Governor Says Island’s Debts Are ‘Not Payable’
Replies: 37
Views: 3467

Re: Puerto Rico Governor Says Island’s Debts Are ‘Not Payable’

To keep it on-topic, does anyone know which vanguard bond funds hold Puerto Rico bonds, or are otherwise affected?
by clast
Wed Jun 17, 2015 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring Abroad
Replies: 22
Views: 3978

Re: Retiring Abroad

If you're going to renounce US citizenship, you almost certainly would want to gain some other citizenship first. Being stateless has all kinds of problems. Getting another citizenship usually takes several years living in the new country, unless you buy one of the citizenships from Nevis & St. ...
by clast
Thu Jun 04, 2015 11:25 pm
Forum: Investing - Help with Personal Investments
Topic: The All Seaon Portfolio by Tony Robbins
Replies: 8
Views: 1797

Re: The All Seaon Portfolio by Tony Robbins

Watch this "warning" about the market by Tony Robbins in 2010.

https://www.youtube.com/watch?v=y9HLTZdXCu8

As Jack Bogle says, "nobody knows nuttin."
by clast
Sat May 30, 2015 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Sell farmland or keep?
Replies: 20
Views: 2631

Re: Sell farmland or keep?

LuckBeALady wrote:Update- decided to sell the land by auction.

It sold for $2,000 an acre, well below the $2,700 per acre appraisal but similar to nearby parcels.


Do you know anything about the buyer and their plans?
by clast
Wed May 27, 2015 8:21 pm
Forum: Personal Consumer Issues
Topic: FBI background check: Go direct or use channeler?
Replies: 8
Views: 1297

Re: FBI background check: Go direct or use channeler?

Definitely use a channeler. I've used myfbireport.com and it's fast, and they produce reports that you can have Apostilled (not all channelers' reports can be Apostilled, from my understanding). If you can find a local place that does livescan fingerprints and submit them directly to a channeler, th...
by clast
Mon Apr 20, 2015 10:49 pm
Forum: Personal Consumer Issues
Topic: Southwest Credit Card Companion Pass
Replies: 14
Views: 2050

Re: Southwest Credit Card Companion Pass

1. Check out the site millionmilesecrets.com, it talks about all the bonuses you can use to get the companion pass. There should be another card you can get that gives you 50,000 miles (Chase has 4 in total, I think). Start with: http://millionmilesecrets.com/2014/11/05/great-timing-for-the-companio...
by clast
Thu Apr 09, 2015 11:11 pm
Forum: Investing - Theory, News & General
Topic: Hypothetical End Game Scenario w/ 5M retirement account
Replies: 74
Views: 8419

Re: Hypothetical End Game Scenario w/ 5M retirement account

I'm living on that much per year with 2 kids, a wife, and a mid to high 6 fig income. We seem to have all we need to be happy...we do need more vacations though. Good to hear your experience. Then you're doing just fine (I have no kids, so you're doing better than me!). And as for losing control, b...
by clast
Thu Apr 09, 2015 11:06 pm
Forum: Investing - Theory, News & General
Topic: My first quarter review of 2015's sure things
Replies: 12
Views: 3229

Re: My first quarter review of 2015's sure things

"Nobody knows nothin'" -- John Bogle

I have his voice burned into my brain, from this video:
https://www.youtube.com/watch?v=A0gQiz0pCyI
by clast
Thu Apr 09, 2015 10:57 pm
Forum: Investing - Theory, News & General
Topic: Hypothetical End Game Scenario w/ 5M retirement account
Replies: 74
Views: 8419

Re: Hypothetical End Game Scenario w/ 5M retirement account

My situation is similar but I'm currently 41 and have about $6M invested (stock options that paid off a few years ago). I've had a few years to "get used to" this situation. Here's my 2 cents. There are certainly many things I still can't afford that I would do if I had more money. I conti...
by clast
Sun Feb 22, 2015 10:16 pm
Forum: Investing - Theory, News & General
Topic: Does it really make sense to use historic data before PCs?
Replies: 13
Views: 1395

Re: Does it really make sense to use historic data before PC

Another big change is 1971 - pre-gold-standard to post-gold-standard.
by clast
Mon Feb 09, 2015 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: Early exercising of startup options: convenient or not?
Replies: 4
Views: 457

Re: Early exercising of startup options: convenient or not?

I am biased because when I was in your position, I exercised as soon as my options vested, and it worked out, saving me tons of money in taxes when the company was acquired. I also did it early enough that I was able to avoid AMT because the fair market value was low enough. As the value of your com...
by clast
Tue Jan 27, 2015 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: IPO Windfall Checklist
Replies: 11
Views: 1831

Re: IPO Windfall Checklist

Read this forum (so far so good), and read The Bogleheads Guide to Investing:

http://amzn.com/1118921283 (unfortunately the 2014 edition isn't in paperback yet, but there is a kindle version).
by clast
Mon Jan 26, 2015 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: Finding a good realtor
Replies: 12
Views: 835

Re: Finding a good realtor

Are there fee-only realtors? I've never bought a house, but when I do, I'd love to pay a fee every time they take me to see a property (this way there's no guilt-tripping), and then another fee when I actually purchase. This way, if I visit 2 properties, I pay less. If I visit 50, I pay more.
by clast
Wed Jan 21, 2015 9:53 pm
Forum: Investing - Theory, News & General
Topic: Hedge fund loses 99.8% of all funds, $100m down to $200k.
Replies: 59
Views: 7402

Re: Hedge fund loses 99.8% of all funds, $100m down to $200k

Someone send him a copy of The Boglehead's Guide to Investing
by clast
Mon Jan 12, 2015 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: Sanity check: turnover of my active management vs. Vanguard?
Replies: 11
Views: 1979

Re: Sanity check: turnover of my active management vs. Vangu

The market has been up since 2009, for a $5,300,000 account to have only a long term gain of $173,696 and a short term loss of $18,121, your portfolio either have a very high turnover rate or underperform significantly. I would move the money to Vanguard ASAP to save the money. I invested the money...
by clast
Sun Jan 11, 2015 12:33 am
Forum: Investing - Help with Personal Investments
Topic: Sanity check: turnover of my active management vs. Vanguard?
Replies: 11
Views: 1979

Re: Sanity check: turnover of my active management vs. Vangu

Thanks everyone for your input, it's very helpful. To answer the question from BL and Dale_G about whether I'm cashing out of stocks in order to get income - the answer is no. I have some income from a small business, and some cash set aside that I live off. The money invested in Vanguard and the pr...
by clast
Sat Jan 10, 2015 12:27 am
Forum: Investing - Help with Personal Investments
Topic: Sanity check: turnover of my active management vs. Vanguard?
Replies: 11
Views: 1979

Sanity check: turnover of my active management vs. Vanguard?

Hi everyone, I wanted to get opinions from the bogleheads on the amount of realized capital gains in my actively-managed mutual funds & stocks (at a private wealth manager) versus my Vanguard mutual funds. These are all in taxable accounts, so it really affects my net-of-tax returns. The numbers...
by clast
Sat Jan 03, 2015 2:12 am
Forum: Investing - Help with Personal Investments
Topic: My Return for 2014 for Wealthfront is less than 2%
Replies: 47
Views: 9430

Re: My Return for 2014 for Wealthfront is less than 2%

naveen wrote:My return for 2014 is paltry 1.3% compared to S&P.


Are you saying your returns are 1.3% more than the S&P? Or your returns are just 1.3% total?

Edit: Also, did you invest in wealthfront mid-year 2014? (please post exact date if you know)
by clast
Sat Jan 03, 2015 1:39 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 990
Views: 158662

Re: What Movie Have You Recently Watched?

Only Lovers Left Alive (2014) Trailer: https://www.youtube.com/watch?v=ycOKvWrwYFo I recommend it. It's about two vampires living in modern times, who have been married for a few hundred years. It made me think about what it would be like to have lived for 500 or 1000 years (imagine that compound in...
by clast
Mon Dec 15, 2014 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: Managing a windfall & fixing my high-fee portfolio
Replies: 21
Views: 3723

Re: Managing a windfall & fixing my high-fee portfolio

Whatever you decide to do, it'd be great if you can an update here. I'm in a very similar situation with similar numbers (except I live in Texas) and I'm also looking to get out of paying about 1% per year.
by clast
Tue Dec 09, 2014 10:41 pm
Forum: Personal Consumer Issues
Topic: Ad hoc travel to Antarctica
Replies: 51
Views: 3061

Re: Ad hoc travel to Antarctica

I won't need a hotel; I'll need a place to sleep. If all hotels, hostels, and B&Bs are taken, I'll stay in a bar all night. And if I end up getting sentenced to do landscaping work, it will make a terrific story ... for as long as I get my Antarctica, too. That is the right kind of attitude for...
by clast
Sun Dec 07, 2014 2:30 am
Forum: Investing - Theory, News & General
Topic: Advice on Stock Options
Replies: 8
Views: 1333

Re: Advice on Stock Options

I think point #9 on this Wealthfront blog post addresses it well: https://blog.wealthfront.com/year-end-financial-checklist-2014/ In short, if you exercise the options now (and thus, buy the shares), then sell the shares more than one year later, you will pay long-term capital gains tax, which is lo...
by clast
Tue Sep 30, 2014 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: Early option exercise, non-public, large spread
Replies: 5
Views: 644

Re: Early option exercise, non-public, large spread

If I understand AMT correctly, even if you have to pay it now, you can "carry it forward" and get it back for years (someone will probably correct me if I'm wrong). But the bigger question is, when the stock has a liquidation event (IPO or company is acquired), you want to own your shares ...
by clast
Sat Sep 13, 2014 10:24 pm
Forum: Forum Issues and Administration
Topic: International investing and non-resident section
Replies: 6
Views: 1444

Re: International investing and non-resident section

I hope this isn't against the rules (I love this forum), but what about starting a separate "International bogleheads" forum? Actually I just checked, and "Bogleheads" is trademarked, so the forum name would probably have to be different, but same concept. This is becoming a bigg...
by clast
Wed Aug 13, 2014 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Update, ISOs/AMT questions
Replies: 6
Views: 596

Re: Portfolio Update, ISOs/AMT questions

One more thing, regarding leaving the company and having 90 days to exercise the options. This was the case where I worked, EXCEPT the options agreement had a clause that said if you were terminated (fired), you had to exercise the options THE DAY of termination! It didn't affect me, but it was kind...
by clast
Wed Aug 13, 2014 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Update, ISOs/AMT questions
Replies: 6
Views: 596

Re: Portfolio Update, ISOs/AMT questions

For the ISO options, I was in the exact same situation from 2005-2010. I knew that if/when there was a liquidity event (IPO, or more likely, an acquisition), and I sold the options (or was forced to sell in acquisition), I would have to pay taxes. I bought them as soon as they vested, to start the c...
by clast
Mon Jul 07, 2014 10:45 pm
Forum: Investing - Help with Personal Investments
Topic: Bought AAMRQ before it changed to AAL - LT gain tax question
Replies: 5
Views: 813

Re: Bought AAMRQ before it changed to AAL - LT gain tax ques

Awesome, thank you everyone for the answers. (The shares are indeed in a taxable account). This was a gamble on a beat-up stock, and it worked out. I know nothing about the airline industry, so I plan to sell as soon as the gains will be long-term. I may buy some put options until then, to lock in t...
by clast
Sat Jul 05, 2014 10:29 pm
Forum: Investing - Help with Personal Investments
Topic: Bought AAMRQ before it changed to AAL - LT gain tax question
Replies: 5
Views: 813

Bought AAMRQ before it changed to AAL - LT gain tax question

Hi folks, My question is on what date can I sell my AAL shares for long-term capital gains, rather than short-term. Here are the details: On Sept. 25, 2013 I bought 2000 shares of AAMRQ (American Airlines) around the time they were in bankruptcy proceedings. They survived bankruptcy and on December ...
by clast
Thu Feb 20, 2014 8:30 pm
Forum: Personal Consumer Issues
Topic: What to do in Austin, TX
Replies: 44
Views: 4196

Re: What to do in Austin, TX

Uchi, arguably the best restaurant in Austin (unless you don't like sushi, although it is more than just sushi). Make your reservation now if you can, trust me (they accept walk-ins, but the wait can be 1-2 hours). Save room for the desserts. If you like foie gras, get the foie nigiri, and order the...
by clast
Sun Feb 02, 2014 9:35 pm
Forum: Personal Consumer Issues
Topic: Monaco vacation without busting budget
Replies: 36
Views: 2692

Re: Monaco vacation without busting budget

One more thing - consider using AirBNB. My girlfriend and I got a great studio apartment right on Boulevard Albert 1er with a view of the harbor. We paid $200/night in July for a 4-night stay. Longer stays are usually cheaper. You will probably need a larger place for your family, but it'll still be...
by clast
Sat Feb 01, 2014 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: "Guaranteed income" for foreign residency - annuity? Trust?
Replies: 5
Views: 439

Re: "Guaranteed income" for foreign residency - annuity? Tru

Retread wrote:Why not buy a five year annuity? Immediate annuities.com shows it would be about $88,000 for a 50 year old male.
Bruce


A 5-year one would work, but I only need it for two years. That means putting up a lump sum of $88,000 versus around $35,000, and losing access to that capital in the meantime.
by clast
Sat Feb 01, 2014 8:01 pm
Forum: Investing - Help with Personal Investments
Topic: "Guaranteed income" for foreign residency - annuity? Trust?
Replies: 5
Views: 439

Re: "Guaranteed income" for foreign residency - annuity? Tru

Have you tried to get a quote on the Vanguard website for a 2-year annuity? I have no idea if such a thing is possible. Hopefully an annuity expert will jump in and help. I checked the Vanguard web site (and State Farm's, and Fidelity's), and I even called their phone number. They tried to help, bu...
by clast
Sat Feb 01, 2014 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: "Guaranteed income" for foreign residency - annuity? Trust?
Replies: 5
Views: 439

"Guaranteed income" for foreign residency - annuity? Trust?

Hi everyone, I am moving to a country outside the US (my home country), and am working with an immigration attorney there. The country is Argentina, in case it makes any difference. In order to gain residency under that country's "rentista" resident program, I need to show guaranteed incom...
by clast
Tue Nov 12, 2013 2:53 am
Forum: Investing - Help with Personal Investments
Topic: Bitcoin Investment Trust ( IRA )
Replies: 3
Views: 818

Re: Bitcoin Investment Trust ( IRA )

No thanks. You've already seen what happens to this "currency" when the biggest illegal marketplace is shutdown. If you feel like speculating, make a traditional account through mtgox or one of the other trading houses. Don't risk your retirement assets! I won't argue here for Bitcoin's l...
by clast
Tue Oct 29, 2013 2:54 am
Forum: Investing - Theory, News & General
Topic: Can a purely deflationary currency last? [bitcoin]
Replies: 83
Views: 7011

Re: Can a purely deflationary currency last? [bitcoin]

I see a few messages asking if you'll ever be able to pay for things in Bitcoins. For what it's worth, when I was in Berlin over the summer, I paid for my hotel in bitcoins (it was about 1 btc per night, or about 90 euros per night at the time). I also used bitcoins to eat at a nice cafe and got dri...
by clast
Wed Sep 04, 2013 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: Transfer from a Wealth Management account to ETF and Funds
Replies: 15
Views: 1043

Re: Transfer from a Wealth Management account to ETF and Fun

When you say your stock portfolio is composed of "312 shares", do you mean 312 different stocks? Or 312 shares of one stock? (I'm mostly just curious - it doesn't affect my suggestion below). Since your current wealth manager is the custodian of your shares, isn't it possible to just trans...
by clast
Fri Aug 30, 2013 2:30 am
Forum: Investing - Help with Personal Investments
Topic: Employee Stock Options Exercise Timing Question
Replies: 10
Views: 1228

Re: Employee Stock Options Exercise Timing Question

Could you buy put options (using your usual brokerage such as Fidelity), to limit the downside on your shares (or options for shares)?

E.g. if you have 10,000 shares, you'd need to buy 100 put options, because each option contract covers 100 shares, and 100 options * 100 shares = 10,000 shares.
by clast
Tue May 21, 2013 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: preparing for large long-term cap gain
Replies: 5
Views: 1002

Re: preparing for large long-term cap gain

If you live in a state that will tax the capital gains, move to a state that will not tax them. Depending on your situation, maybe worth it.
by clast
Wed Mar 13, 2013 11:20 pm
Forum: Personal Consumer Issues
Topic: What Type Of Wallet?
Replies: 90
Views: 9759

Re: What Type Of Wallet Do You Prefer?

I second the All-ett. I've had one for a few years now (leather outside, nylon inside. It's been great, and very thin. I got tired of my old thick wallet, so I got this. I think I have the "International wallet", but check out their site, they have several choices. http://www.all-ett.com/i...
by clast
Thu Mar 07, 2013 1:22 am
Forum: Personal Finance (Not Investing)
Topic: Start-up likely to get bought... exercise options now?
Replies: 10
Views: 1269

Re: Start-up likely to get bought... exercise options now?

I don't know your company's prospects, so you'd have to make a best guess as to their likelihood of success (being acquired, etc). I can offer my own story. I was in a similar situation, the main difference was my strike price was very low (like 20 cents). I started exercising my ISOs as soon as the...
by clast
Sat Dec 29, 2012 1:09 am
Forum: Personal Consumer Issues
Topic: Good books on financial markets
Replies: 5
Views: 572

Re: Good books on financial markets

One book I read that really made me grow some brain cells was The Alchemy of Finance by George Soros. It's dense reading, but I learned a lot.
by clast
Thu Oct 25, 2012 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating Salary for a Promotion
Replies: 18
Views: 3754

Re: Negotiating Salary for a Promotion

Try using Indeed.com's salary tool - http://www.indeed.com/salary

It tells you salaries for a job title and location. If the results are in your favor, you can use this as a reference point in your negotiations.
by clast
Tue Oct 16, 2012 1:57 am
Forum: Investing - Help with Personal Investments
Topic: Where to safely park $1.1M for 6 months, earning interest
Replies: 11
Views: 2339

Re: Where to safely park $1.1M for 6 months, earning interes

Thanks for these comments - I'll have to double check the safe harbor stuff. The capital gains happened this month (October 2012). I have had no withholding in 2012 at all - I haven't had any job income this year. I started a business in January that hasn't turned a profit yet (it is just starting t...
by clast
Mon Oct 15, 2012 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: Where to safely park $1.1M for 6 months, earning interest
Replies: 11
Views: 2339

Re: Where to safely park $1.1M for 6 months, earning interes

I plan to use the safe harbor to make an estimated tax payment by Jan 15 of 110% of my tax last year, plus a bit more to be safe. My taxes last year were much lower and more "normal" (under $40k).
by clast
Mon Oct 15, 2012 1:53 am
Forum: Investing - Help with Personal Investments
Topic: Where to safely park $1.1M for 6 months, earning interest
Replies: 11
Views: 2339

Where to safely park $1.1M for 6 months, earning interest

Due to a long-term capital gains in, I owe $1.1M in US taxes, but I don't have to pay it until April 15, 2013. I can put it in a high-interest savings account such as Amex Savings (0.90% interest). But is there another low-risk place to put it where it might earn 1.5% or even 2% or more? Thanks!

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