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Re: Friend possibly victim of real estate dual agency

Any feedback? Thanks. I am not aware that real estate agents are required to act in the best interest of their clients. Based on the limited info provided, doesn't sound to me like there's much here to "go after". - DDB Whether or not it was met here is an open, question but traditionally...
by ddb
Thu Mar 20, 2014 12:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Friend possibly victim of real estate dual agency
Replies: 27
Views: 2558

Re: Friend possibly victim of real estate dual agency

CrossOverGuy wrote:Any feedback? Thanks.


I am not aware that real estate agents are required to act in the best interest of their clients.

Based on the limited info provided, doesn't sound to me like there's much here to "go after".

- DDB
by ddb
Thu Mar 20, 2014 10:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Friend possibly victim of real estate dual agency
Replies: 27
Views: 2558

Re: Buy a used car or pay $5,000 more to get a new one?

I thought about just going for a new Crosstrek but decided that it didn't make sense to buy something I don't need just because I want it. We're not all living on rice/beans/water while living in an efficiency apartment and walking to work, which means that most of us are buying things we don't nee...
by ddb
Thu Mar 20, 2014 9:12 am
 
Forum: Personal Consumer Issues
Topic: Buy a used car or pay $5,000 more to get a new one?
Replies: 62
Views: 4235

Re: Professions that have the most/least psychopaths

frugaltype wrote:I'm surprised to see clergymen in there. On the other hand, there seems to be a great divide in that profession, some being totally unempathic and extremely nasty and others being perhaps the best people ever.


This profession was the one I most expected to see on the list.
by ddb
Wed Mar 19, 2014 3:47 pm
 
Forum: Personal Consumer Issues
Topic: Professions that have the most/least psychopaths
Replies: 30
Views: 1995

Re: An 8% SWR ???

Money Magazine has an article citing an author proposing that one save 12 times one's pre-retirement income by age 65 for retirement: http://money.cnn.com/2014/03/03/retirement/retirement-savings.moneymag/index.html The article later suggests that amount may be reduced by 10% to 25% by ramping up p...
by ddb
Wed Mar 19, 2014 1:36 pm
 
Forum: Investing - Theory, News & General
Topic: An 8% SWR ???
Replies: 12
Views: 2084

Re: Best smartphone in 2014?

I need a new phone... my old one (now ancient) broke after 4 years of use. I use the internet a lot and I also want one with the best camera for photos/video. Any suggestions? Depends on a lot of information not provided. I'm a bigtime Android fanboy, however I think the typical smartphone user who...
by ddb
Wed Mar 19, 2014 1:24 pm
 
Forum: Personal Consumer Issues
Topic: Best smartphone in 2014?
Replies: 38
Views: 2240

Re: I bought a rosé this week...

Because life is short. Had never bought a rosé before... Julia's Dazzle Pinot Grigio rosé at Costco for a pretty good price, $13 or something. It's nice, refreshing, not very complex, but good for the milder spring weather we've been having. At work and in my personal life recently I've seen too mu...
by ddb
Wed Mar 19, 2014 1:17 pm
 
Forum: Personal Consumer Issues
Topic: I bought a rosé this week...
Replies: 35
Views: 3514

Re: Good, reasonable priced pinot grigio?

Fortunately for you, Pinot Grigio has a pretty low ceiling on price. For example, a search at wine.com reveals that their most expensive Pinot Grigio is $24.99 for a 750ml bottle. Santa Margherita is very popular, and will also fit in with most peoples' perception of what a pinot grigio tastes like....
by ddb
Wed Mar 19, 2014 1:14 pm
 
Forum: Personal Consumer Issues
Topic: Good, reasonable priced pinot grigio?
Replies: 7
Views: 413

Re: Firing an Advisor

Transfer the stocks to a discount brokerage, so that they will be less expensive to sell. Find the tax basis of every stock. Sell any stock which is more than 5% of your portfolio to get it down to 5%, independent of tax consequences; having too much in any one stock is an unnecessary risk. Sell al...
by ddb
Mon Nov 18, 2013 9:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Firing an Advisor
Replies: 18
Views: 1929

Re: how much more expensive is a bigger home?

You might want to read this first. http://online.wsj.com/news/articles/SB111852419690557157 That article is interesting, but fails to take into the account the economic benefit received in having a house to live in for 13 years. e.g. let's say the author would have had to spend $1,500 per month to ...
by ddb
Mon Nov 18, 2013 9:51 am
 
Forum: Personal Consumer Issues
Topic: how much more expensive is a bigger home?
Replies: 68
Views: 4634

Re: What are your favorite android smartphone apps?

Google Wallet. More and more retail locations have added the wireless reader to their credit card machines, and paying by tapping my smartphone is so cool - always leaves expressions of wonder and amazement on the faces of the cashiers!

- DDB
by ddb
Fri Nov 01, 2013 12:59 pm
 
Forum: Personal Consumer Issues
Topic: What are your favorite android smartphone apps?
Replies: 50
Views: 4244

Re: Mini Cooper or Fiat 500?

I'd strongly prefer a VW GTI to either of these options. A $549 ECU upgrade (Stage I) gives you 252hp and 303ft-lbs of torque. Also, can add a solid rear sway bar to nearly eliminate any hint of underste er. And then, I'd even more strongly prefer a Subaru WRX to either of the above options. For me...
by ddb
Fri Nov 01, 2013 9:08 am
 
Forum: Personal Consumer Issues
Topic: Mini Cooper or Fiat 500?
Replies: 49
Views: 3816

Re: Mini Cooper or Fiat 500?

I'd strongly prefer a VW GTI to either of these options. A $549 ECU upgrade (Stage I) gives you 252hp and 303ft-lbs of torque. Also, can add a solid rear sway bar to nearly eliminate any hint of understeer. And then, I'd even more strongly prefer a Subaru WRX to either of the above options. For me, ...
by ddb
Thu Oct 31, 2013 12:29 pm
 
Forum: Personal Consumer Issues
Topic: Mini Cooper or Fiat 500?
Replies: 49
Views: 3816

Re: 2014 MDX

I welcome thoughts on the following .... Planning to get 18' rather than 19" wheels -- make sense (18' are standard)? Planning to not get navigation as we will use iPhone --- make sense? Other thoughts? Thanks. All else being equal, I prefer smaller wheels. Lighter weight reduces unsprung mass...
by ddb
Thu Oct 24, 2013 8:00 pm
 
Forum: Personal Consumer Issues
Topic: 2014 MDX
Replies: 16
Views: 1300

Residential water heater recommendation?

Hi All: I'd like to replace my 15-year old water heater. My requirements are natural gas-powered, and 40-50 gallon capacity. I'm generally willing to pay a little bit more for a "better" unit (i.e. longer warranty, more energy efficient, quieter, etc.). The absolute max I'm willing to spen...
by ddb
Tue Oct 22, 2013 12:34 pm
 
Forum: Personal Consumer Issues
Topic: Residential water heater recommendation?
Replies: 13
Views: 1343

Re: Getting Started As An Advisor

I don't think you'll have any luck finding an existing firm that shares your values, is willing to hire a part-time new representative, and will give you a payout rate that you think is fair. Based on your post here, and the fact that you hang out on this forum, it's safe to assume that the ideal bu...
by ddb
Fri Oct 18, 2013 1:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Getting Started As An Advisor
Replies: 18
Views: 2244

Re: Roth Conversion for Backdoor Access Beneficial?

My wife is a SAHM and has both a Roth (~$30k) and a traditional (~$30k) IRA. I am interested in being able to do backdoor Roth conversions in her account. Per information in the "Backdoor Roth" Wiki, we would need to convert the traditional IRA to do so, paying taxes at our current rate. ...
by ddb
Thu Oct 10, 2013 12:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion for Backdoor Access Beneficial?
Replies: 10
Views: 769

Re: What should my mother do w her $600,000 retirement money

Hello Bogleheads, I am at a loss about how to advise my mother - She is a widow, and has about $600,000 in retirement. She has no other savings, and currently live in a $900/month subsidized apartment. All her money is sitting in checking/savings now because she's scared of the market, and I can't ...
by ddb
Thu Oct 10, 2013 10:54 am
 
Forum: Investing - Help with Personal Investments
Topic: What should my mother do w her $600,000 retirement money?
Replies: 31
Views: 4817

Re: An inheritance just when I need it.

ddb, thank you. that is extremely helpful, and I am astonished at the speed with which you drew up the spread sheet. My only question is why you used $1.5 million as the baseline for the projected draw down of assets, when I have 2.1 million. You seem to have excluded my retirement accounts. Was th...
by ddb
Fri Oct 04, 2013 3:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: An inheritance just when I need it.
Replies: 6
Views: 1086

Re: An inheritance just when I need it.

Here are some quick "back-of-the-envelope" calculations. Please don't rely on this for anything other than entertainment value. I assumed your required living expenses are $40K (inflated at 3% per year), I made some guesses about the timing of child support and college tuition payments. I ...
by ddb
Fri Oct 04, 2013 2:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: An inheritance just when I need it.
Replies: 6
Views: 1086

Re: Wine Picks

never is my objective to get a "buzz". Rather, I savor the experience of something which, to me, just tastes fantastic Ah, the old "I like the taste" argument. If this was true, then dealcoholized wine (and beer, and bourbon...) would be a big industry. But it isn't. For me, the...
by ddb
Wed Oct 02, 2013 5:56 pm
 
Forum: Personal Consumer Issues
Topic: Wine Picks
Replies: 44
Views: 2439

Re: Why can I not buy Admiral Shares ?

The $ amount was a birthday gift from my father and he wanted to utilize funds unused in his Schwab brokerage account and just did a fund transfer to my Schwab brokerage account. The reason for purchasing a Vanguard fund is that I will eventually consolidate both accounts into one at Vanguard for s...
by ddb
Wed Oct 02, 2013 1:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why can I not buy Admiral Shares ?
Replies: 18
Views: 2014

Re: Why/How is the Vanguard REIT VA an insurance offering?

Thanks everyone. Let me be a bit more clear. Assuming I don't "annuitize "ever -- I just want to get distributions from the money I invested at retirement age. What role did the insurance company play? In this case, you are insuring against adverse changes in annuitization rates while you...
by ddb
Wed Oct 02, 2013 12:52 pm
 
Forum: Investing - Theory, News & General
Topic: Why/How is the Vanguard REIT VA an insurance offering?
Replies: 11
Views: 897

Re: Wine Picks

' I think fine wines are mostly a silly racket. The buzz ya get from a $300 bottle of Opus One seems to me to be near-identical to the effect of a bottle of 3 Buck Chuck. If you're got money to burn and feel the need to impress people, go for it. My experience is vastly different, although I respec...
by ddb
Wed Oct 02, 2013 12:18 pm
 
Forum: Personal Consumer Issues
Topic: Wine Picks
Replies: 44
Views: 2439

Re: New Poster. Talk me out of 100%stock allocation

Back testing over the last 80 years provides no certainty of how things will perform in the future. If you feel that way about historical data then what justification do you have for holding stocks at all? What makes them better than say real estate for example? I don't believe stocks will outperfo...
by ddb
Mon Sep 30, 2013 2:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Poster. Talk me out of 100%stock allocation
Replies: 50
Views: 5082

Re: New Poster. Talk me out of 100%stock allocation

If a person has a $200K mortgage I knew someone would say that. We do not usually treat someone's home and mortgage as part of their asset allocation in this forum, though I'm not saying it's wrong to do so. Nor would it be wrong to include an expensive car and accompanying finance deal, but as wit...
by ddb
Mon Sep 30, 2013 2:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Poster. Talk me out of 100%stock allocation
Replies: 50
Views: 5082

Re: New Poster. Talk me out of 100%stock allocation

Reasons why 100% is not just an arbitrary point on a continuum:- 1. It is not straight-forward or easy to go past the 100% threshold. The funds you would choose if you were going to be less than 100% are no longer an option once you go over. You can't just buy the Vanguard 200% SP500 fund if you wa...
by ddb
Mon Sep 30, 2013 8:59 am
 
Forum: Investing - Help with Personal Investments
Topic: New Poster. Talk me out of 100%stock allocation
Replies: 50
Views: 5082

Re: New Poster. Talk me out of 100%stock allocation

Even if you're completely comfortable with 100% stocks a small bond allocation will vastly increase your risk adjusted returns. You state this as a fact. Why? It's pretty straightforward MPT math. Two non-correlated assets will have a greater risk adjusted return than a single asset. http://en.wiki...
by ddb
Sat Sep 28, 2013 8:37 am
 
Forum: Investing - Help with Personal Investments
Topic: New Poster. Talk me out of 100%stock allocation
Replies: 50
Views: 5082

Re: New Poster. Talk me out of 100%stock allocation

Clearly_Irrational wrote:Even if you're completely comfortable with 100% stocks a small bond allocation will vastly increase your risk adjusted returns.


You state this as a fact. Why?
by ddb
Fri Sep 27, 2013 7:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Poster. Talk me out of 100%stock allocation
Replies: 50
Views: 5082

Re: New Poster. Talk me out of 100%stock allocation

johncunningham: Sorry in advance for the lazy format of this message. Please don't construe any of the below as financial advice, as none of us know enough details about you to provide such advice. Rather, these are jumbled thoughts based on the limited info provided. * Given your income tax bracket...
by ddb
Fri Sep 27, 2013 9:00 am
 
Forum: Investing - Help with Personal Investments
Topic: New Poster. Talk me out of 100%stock allocation
Replies: 50
Views: 5082

Re: Most Americans Consider Themselves to be Middle Class (W

These results are not surprising to me. We all seem to think that what we do is "normal" and what others do (especially those above us in socio-economic circles) is unusual. I often use the travel analogy: those who drive everywhere can't imagine somebody would waste money on airline trave...
by ddb
Fri Sep 13, 2013 2:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Most Americans Consider Themselves to be Middle Class (WSJ)
Replies: 9
Views: 1503

Re: TIPS - Going Down with the Ship?

And in any event, your criticism applies to all fixed income except zero-coupon bonds. Maybe you should have made that clear in this explicitly TIPS-related thread. I'm not criticizing anything here, just pointing out a component of investing in fixed income securities that pay coupons. Yes, reinve...
by ddb
Wed Sep 11, 2013 5:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: TIPS - Going Down with the Ship?
Replies: 112
Views: 12437

Re: TIPS - Going Down with the Ship?

PJW, TIPS pay cash interest in addition to the inflation adjustment. There's reinvestment risk on that cash interest. VT is correct. Right. Extreme example: Year 0: Buy a 30-year TIPS with a coupon rate of 1.500% at par. Real yield is therefore 1.5000%. Next day, the yield on your TIPS drops to 0.0...
by ddb
Wed Sep 11, 2013 3:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: TIPS - Going Down with the Ship?
Replies: 112
Views: 12437

Re: False Promises of Annuities



Those links are dead, too :(
by ddb
Wed Sep 11, 2013 1:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: False Promises of Annuities
Replies: 23
Views: 2060

Re: False Promises of Annuities

Esteemed Boglehead Mel Lindauer wrote a series of articles a couple years ago on annuities which did a MUCH better job explaining these products in simple language. These also appeared at forbes.com, and the Bogleheads discussion threads about each of his 6 articles are linked below (and include li...
by ddb
Wed Sep 11, 2013 1:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: False Promises of Annuities
Replies: 23
Views: 2060

Re: False Promises of Annuities

I see what you mean. I think his statement of "The guarantee of dimishing lifestyle because of inflation" gets to his point, which is that Annuity salesmen OFTEN talk about the GUARANTEE of annuities and safety and yet do not tell you that it won't keep pace with inflation, has high surre...
by ddb
Wed Sep 11, 2013 12:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: False Promises of Annuities
Replies: 23
Views: 2060

Re: TIPS - Going Down with the Ship?

Abuss368, You will have to ask Vanguard. They don't consult me on the composition of their funds! You would have to think that as the amount of TIPS outstanding continues to grow that they would consider it. Thanks for your comment. Vanguard's Total Bond Market Index Fund which tracks the Barclays ...
by ddb
Wed Sep 11, 2013 9:11 am
 
Forum: Investing - Help with Personal Investments
Topic: TIPS - Going Down with the Ship?
Replies: 112
Views: 12437

Re: False Promises of Annuities

I thought this was a good read. :moneybag :moneybag :moneybag http://www.forbes.com/sites/davidmarotta/2012/08/27/the-false-promises-of-annuities-and-annuity-calculators/2/ The article headline is "The False Promises of Annuities and Annuity Calculators". Nowhere in the article is any inf...
by ddb
Wed Sep 11, 2013 9:00 am
 
Forum: Personal Finance (Not Investing)
Topic: False Promises of Annuities
Replies: 23
Views: 2060

Re: Are you an Iphone or Android guy?

The Wizard wrote:Where does one get that prepaid unlimited everything plan from???


My plan is through T-Mobile. See here.

- DDB
by ddb
Wed Sep 11, 2013 8:56 am
 
Forum: Personal Consumer Issues
Topic: Are you an Iphone or Android guy?
Replies: 112
Views: 6602

Re: Are you an Iphone or Android guy?

I'm pretty anti-Apple, from a mobile-OS perspective. I find the system to be too restrictive. The biggest example of this, for me, is the inability to use an iPhone or iPod touch as a thumb-drive alternative. With a typical Android or Windows mobile device, I can just plug into a laptop or PC and br...
by ddb
Tue Sep 10, 2013 4:45 pm
 
Forum: Personal Consumer Issues
Topic: Are you an Iphone or Android guy?
Replies: 112
Views: 6602

Re: another please help my mother thread!

I think they are possibly making a mistake in contributing to a Roth IRA. They should be contributing to tax deferred IRAs and taking the deduction. Their tax bracket in retirement looks small from what you say. Will they have anything besides SS? JW IF gross income is ~$80K, then they're in a 15% ...
by ddb
Tue Sep 03, 2013 1:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: another please help my mother thread!
Replies: 10
Views: 1506

Re: another please help my mother thread!

I think they are possibly making a mistake in contributing to a Roth IRA. They should be contributing to tax deferred IRAs and taking the deduction. Their tax bracket in retirement looks small from what you say. Will they have anything besides SS? JW IF gross income is ~$80K, then they're in a 15% ...
by ddb
Thu Aug 29, 2013 11:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: another please help my mother thread!
Replies: 10
Views: 1506

Re: How do you "rent" movies?

Blockbuster is long gone, but it feels like I haven't watched a movie at home since that place existed. Well other than one on HBO or an ocassional download from our ATT Uverse connection which never seems to have much to choose from. So was wondering what's your go to for getting movies, new relea...
by ddb
Thu Aug 29, 2013 10:31 am
 
Forum: Personal Consumer Issues
Topic: How do you "rent" movies?
Replies: 87
Views: 5562

Re: Microsoft 365 For Small Business Anyone?

My company recently moved to the O363 E3 plan ($20/month/user). We use it for email hosting, the Office Suite (includes 5 local installs per user on any machine, plus full access to web-based apps, including on mobile devices), and SkyDrive for file sharing/storage. Previously used in-house server f...
by ddb
Tue Aug 27, 2013 8:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Microsoft 365 For Small Business Anyone?
Replies: 2
Views: 460

Re: Deductible vs. Non-deductible IRA

Actually, I think it is the other way around. TIRA conversions are legal, non-deductible contributions are legal. It would seem to me that the two-step "backdoor" is legal unless the law specifically prohibited it. The step transaction doctrine has the potential to convert a series of leg...
by ddb
Mon Aug 26, 2013 2:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Deductible vs. Non-deductible IRA
Replies: 9
Views: 634

Re: Be the master of your domain

Larry: After reading your article, I realize it highlights the many of the advantages of "indexing"--yet you never used the word. I think this is because there is nothing inherently "good" about indexing strategies. Assuming sufficient diversification, costs (i.e. explicit costs...
by ddb
Mon Aug 26, 2013 9:23 am
 
Forum: Investing - Theory, News & General
Topic: Be the master of your domain
Replies: 4
Views: 817

Re: Deductible vs. Non-deductible IRA

Remember the backdoor Roth - much more advantageous than a non-deductible traditional IRA. If she can't contribute to a deductible IRA she should be doing backdoor Roth. The catch being if there is a large traditional IRA around already then the backdoor Roth doesn't really work out. With respect t...
by ddb
Mon Aug 26, 2013 9:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Deductible vs. Non-deductible IRA
Replies: 9
Views: 634

Re: VINIX vs. TRP Equity Index Trust CL A

Yes, you're understanding it correctly. Yes, this is normal for these types of investment products. There's no disadvantage with respect to dollar cost averaging. All else being equal, choose the fund with the lower expense ratio (as you've done).

- DDB
by ddb
Thu Aug 22, 2013 9:50 am
 
Forum: Investing - Help with Personal Investments
Topic: VINIX vs. TRP Equity Index Trust CL A
Replies: 1
Views: 237

Re: Vanguard and Florida Power of Attorney

This is very interesting. We've had an ongoing battle with Vanguard about this. Yes, they have their own "forms", but in one case (for a particular type of account), it is nothing other than an authorization to make transactions within an account, and would not allow for anything at all i...
by ddb
Thu Aug 22, 2013 9:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard and Florida Power of Attorney
Replies: 56
Views: 2408

Re: All Inclusive [Vacation] Pros and Cons

I don't like all-inclusives, due to the relatively high implied cost of the meals, and low-quality of the food and drink. When traveling with children, wife and I make sure to stay in a place that has a stovetop, refrigerator, and microwave (and blender!), and buy groceries locally. By preparing our...
by ddb
Sun Aug 18, 2013 11:19 am
 
Forum: Personal Consumer Issues
Topic: All Inclusive [Vacation] Pros and Cons
Replies: 23
Views: 2096
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