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Re: A special day for two World War II veterans

Taylor, you look the same age as the Mayor!
by freebeer
Tue Mar 31, 2015 10:54 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: A special day for two World War II veterans
Replies: 8
Views: 427

Re: My car is (supposedly) totaled. What to do?

Would you buy a salvage title 99 Toyota Corolla for $550 with sales tax waived, with the stated damage? I would, for sure, so I would go for option 2.
by freebeer
Tue Mar 31, 2015 10:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: My car is (supposedly) totaled. What to do?
Replies: 14
Views: 666

Re: VBRO and Airbnb versus property values

These are SFR but all are in a big Planned Area Development where HOA owns and maintains streets and several commons areas and facilities. So the HOA does a lot of stuff. How do you tell if they have this power? You should have been given a set of CC&Rs when you bought in, and addenda when new ...
by freebeer
Tue Mar 24, 2015 10:09 am
 
Forum: Personal Finance (Not Investing)
Topic: [Neighbor violating HOA rules by using] VBRO and Airbnb
Replies: 38
Views: 3869

Re: VBRO and Airbnb versus property values

MY HOA passed a amendment to the CCRs back in 2001 covering all sorts of rental situations... So, one question is whether there was legal review at the time or afterwards to ensure that this amendment was definitely within the scope of the HOA. This might depend on your state/local laws as well as ...
by freebeer
Mon Mar 23, 2015 7:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Neighbor violating HOA rules by using] VBRO and Airbnb
Replies: 38
Views: 3869

Re: VBRO and Airbnb versus property values

What does it mean that your "HOA is very clear this is a not allowed activity", particularly when you mentioned there are other (longer-term) rentals in your neighborhood? Since the sharing economy has arisen only recently, and most HOA covenants are older, it would be surprising if there ...
by freebeer
Mon Mar 23, 2015 9:51 am
 
Forum: Personal Finance (Not Investing)
Topic: [Neighbor violating HOA rules by using] VBRO and Airbnb
Replies: 38
Views: 3869

Re: What Age Did You First Ponder Financial Independence?

Age 9... I stumbled on parents' copy of "How I turned $1,000 into a Million in Real Estate" and was hooked :happy of course the title of that particular book could have been "Over-leveraging is amazing if you happen to catch the beginning of a long-term bubble" :oops: but the gen...
by freebeer
Thu Mar 19, 2015 9:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: What Age Did You First Ponder Financial Independence?
Replies: 74
Views: 6842

Re: Is a larger home downpayment worth it?

There is an additional consideration not mentioned yet in this thread, which is the benefits/drawbacks of increased leverage, particularly if a mortgage is no-recourse (depending on your state). With 10% down if property value increases by 10% net of transaction costs over 5 years (without you havin...
by freebeer
Wed Mar 18, 2015 10:54 pm
 
Forum: Personal Consumer Issues
Topic: Is a larger home downpayment worth it?
Replies: 18
Views: 2359

Re: Article: The Death of The Millionaire Next Door Dream

...Overall he seems to miss the entire premise of The Millionaire Next Door, which is simply that, as I read it, our notion of the typical wealthy person is flat wrong - it is much more likely to be the guy in an older Ford pickup or a Camry, wears jeans, went to state school, and who owns a boring...
by freebeer
Tue Mar 17, 2015 4:35 am
 
Forum: Investing - Theory, News & General
Topic: Article: The Death of The Millionaire Next Door Dream
Replies: 20
Views: 5369

Re: Bernstein: 2% investment returns over next 20 years

The quote said 2% real "net of expenses" but what average expenses was Bill Bernstein presuming in making that prediction? Not everyone is a pure Boglehead directly owning only very low cost funds. And even Wade Pfau's paper last year (questioning 4% SWR) posited 1% wrap fee. If it's going...
by freebeer
Mon Mar 09, 2015 2:53 pm
 
Forum: Investing - Theory, News & General
Topic: Bernstein: 2% investment returns over next 20 years
Replies: 216
Views: 22915

Re: Mr. Money Mustache: Hero or Foolish?

Part of the point of MMM is that being in a defensive crouch is the wrong way to go about investing If you assume lower returns, you get a lower SWR. Not exactly rocket science. We are getting into Dave Ramsey territory here. People want fantasy. Dave and MMM deliver. Dave Ramsey: 12% return from g...
by freebeer
Fri Mar 06, 2015 11:04 pm
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 452
Views: 71560

Re: Mr. Money Mustache: Hero or Foolish?

I'm pleased to see he is in agreement with me. Consider that a completely safe asset with a real return of 0% will give a 3.3% SWR. Currently Vanguard UK's world high-yield tracker (which invests in the half of the world index with higher dividend yields) gives dividends of 3.8%. Although that inco...
by freebeer
Thu Mar 05, 2015 8:02 am
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 452
Views: 71560

Re: Want to make $750K into $1m...Help

I'm a little puzzled by the Boglehead responses to OP post. My guess would have been that people would advice to put 50:50 in total stock and tax-exempt munis. CDs won't even beat inflation. Did you miss what the op stated about risk tolerance? It clearly matters. Yeah but should we really pander t...
by freebeer
Tue Mar 03, 2015 10:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Want to make $750K into $1m...Help
Replies: 25
Views: 2587

Re: International is disappointing

Vanguard Total International has underperformed the S&P 500 in the past 5 years by more than 60%? So disappointing that I'm considering taking the risk and going 100% Vanguard TSM (Total Stock Market). S&p 500 is disappointing. It underperformed international by 50% between 2003-2007. If yo...
by freebeer
Fri Feb 27, 2015 4:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: International is disappointing
Replies: 84
Views: 7175

Re: Mid 60's , still working , need help with a plan

Hi, I'm not sure there's "not so good news", you don't mention spending other than $24K/year on housing, which is modest, and you'll have $48K in income ($68K counting wife's income) plus $600K in investments (+ home equity?). Plus presumably more SS when your wife is eligible to get a spo...
by freebeer
Sun Feb 22, 2015 3:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Mid 60's , still working , need help with a plan
Replies: 7
Views: 1652

Re: Company just announced an ESPP

*minimum* 60% rate of return (15% discount x average 3 month of invested capital) is nothing to sneeze at, and that's only if the stock sinks during the offer period, maximum return is much more. Back when I was at a MegaCorp that offered essentially the identical ESPP I used to advise folks to do 4...
by freebeer
Sat Feb 21, 2015 5:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Company just announced an ESPP
Replies: 8
Views: 596

Re: Tenants won't let us show the rental: what do we do?

Please be aware that there are many absolutely legal things that the tenants can do or demand that will seriously impact your ability to sell the home: ... I find it odd that you'd spout off this list when it is absolutely legal for the landlord to enter the property for whatever the reason may be ...
by freebeer
Sat Feb 21, 2015 11:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Tenants won't let us show the rental: what do we do?
Replies: 60
Views: 7171

Re: Why don't I see more people arguing for a world portfoli

... In my opinion it's not possible to have any certainty about whether any of the choices 0% international, 25% international or 50% international is actually better than any other. It's just another random slightly-different-flavor of stocks, you need to make a personal decision that's within the...
by freebeer
Fri Feb 20, 2015 6:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why don't I see more people arguing for a world portfolio?
Replies: 41
Views: 2969

Re: Why don't I see more people arguing for a world portfoli

Vanguard had a paper on this back in 2008 and here is a more recent one from 2014. Both came to the same conclusion - that the "diversification" benefit tapers off after about 40% of stocks in international. One of the reasons is that international stock funds cost more. https://personal....
by freebeer
Fri Feb 20, 2015 11:14 am
 
Forum: Investing - Help with Personal Investments
Topic: Why don't I see more people arguing for a world portfolio?
Replies: 41
Views: 2969

Re: Preparing for 2 months incommunicado

Going connectivity-free isn't necessarily equivalent to going device-free. I was very happily off the grid for 22 days in Nepal in 2013 (one sat phone call home in the middle, from a village that had that facility). But I was very glad to have brought with me a very basic eReader, a Kobo touch, prel...
by freebeer
Thu Feb 19, 2015 11:38 pm
 
Forum: Personal Consumer Issues
Topic: Preparing for 2 months incommunicado
Replies: 142
Views: 6681

Re: The Best 60/40 Portfolio?

I am curios as to what you would consider to be the best all around 60/40 portfolio that covers all of the bases? From managing risk, to inflation, to owning the whole market, etc. After doing some research, I’ve come to the conclusion that the three-fund portfolio plus TIPS seems to work best. I u...
by freebeer
Wed Feb 11, 2015 11:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: The Best 60/40 Portfolio?
Replies: 20
Views: 2223

Re: The Best 60/40 Portfolio?

I am curios as to what you would consider to be the best all around 60/40 portfolio that covers all of the bases? From managing risk, to inflation, to owning the whole market, etc. After doing some research, I’ve come to the conclusion that the three-fund portfolio plus TIPS seems to work best. I u...
by freebeer
Wed Feb 11, 2015 11:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: The Best 60/40 Portfolio?
Replies: 20
Views: 2223

Re: how to value warrants in a private company.

Hi everybody, Here's my situation: 1) I own shares in a privately held company that I would like to get rid of, for simplification purposes. 2) the company is currently undergoing a new funding round. 3) the current round prices the shares at $1.35, but also includes warrants. 4) the warrants are a...
by freebeer
Tue Feb 10, 2015 6:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: how to value warrants in a private company.
Replies: 5
Views: 314

Re: Mr. Money Mustache: Hero or Foolish?

Boglehead MMM fans, please post here if you dropped your high-income job for making a small amount of money with lots of free time in the prime of your life. I'd like to hear from you. Bogleheads on average seem to make higher than normal salaries...this whole phenomena is intriguing to me. Yes, I ...
by freebeer
Tue Feb 10, 2015 1:32 pm
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 452
Views: 71560

Re: Choosing a Backpack for el Camino

... Good idea about the tc bag, may add that to my own system. How do those rainy PNW folks protect their sleeping bag? I stuff mine into lower compartment of my Crest trail 70, not via top opening. Have tried plastic trash bag, but can get snarled in zipper... Well it's all over the map. One appro...
by freebeer
Mon Feb 09, 2015 8:22 pm
 
Forum: Personal Consumer Issues
Topic: Choosing a Backpack and other Gear for el Camino
Replies: 100
Views: 6743

Re: Mr. Money Mustache: Hero or Foolish?

Hi, I just started reading MMM in the past week. Has there been any actual hard factual authentication that MMM lives the actual lifestyle he espouses, and can back up his claims with any sort of audited financial statements, copies of bank statements, or copies of tax transcripts? I like much of w...
by freebeer
Mon Feb 09, 2015 12:15 am
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 452
Views: 71560

Re: Choosing a Backpack for el Camino

Victoria, Instead of a rain cover you might consider using a trash compactor bag. These bags are thick and durable. Just push the trash compactor bag down into the cavity of the pack and then put all your stuff into the trash compactor bag. Then just twist the top of the trash compactor closed and ...
by freebeer
Sun Feb 08, 2015 11:15 pm
 
Forum: Personal Consumer Issues
Topic: Choosing a Backpack and other Gear for el Camino
Replies: 100
Views: 6743

Re: Backpack with Activflex frame?

...I am not bringing a tent and want to keep the total weight under 20 lbs. On el Camino, I will be carrying the pack for 5 to 8 hours per day, every day, for eight weeks. And so low weight is of essence. ... If you feel low weight is of essence you might want to think twice about carrying a 2lb 15...
by freebeer
Sun Feb 08, 2015 2:02 am
 
Forum: Personal Consumer Issues
Topic: Choosing a Backpack and other Gear for el Camino
Replies: 100
Views: 6743

Re: Pull permits for a minor remodel?

As other have noted, proper permits are essential on re-sale. No, they aren't essential on re-sale although they are certainly helpful, and the degree to which they are helpful depends a lot on where you live. In my Pac NW region I'd estimate most remodels are done with permits but at least 20% of ...
by freebeer
Fri Feb 06, 2015 2:42 pm
 
Forum: Personal Consumer Issues
Topic: Pull permits for a minor remodel?
Replies: 35
Views: 3057

Re: hut to hut in the Alps

I loved the hut walking to Mt. Triglav in Slovenia. Moderate "via ferrata", nice huts, relatively inexpensive, zero Americans (at the time).
by freebeer
Wed Feb 04, 2015 12:39 am
 
Forum: Personal Consumer Issues
Topic: hut to hut in the Alps
Replies: 10
Views: 1205

Re: Does college tuition indeed keep up with inflation?

college tuition has much more than kept up with inflation as even a cursory Google search will illuminate, e.g.:

http://cdn.ladybud.com/wp-content/uploa ... png?0007ed
by freebeer
Wed Jan 28, 2015 3:52 pm
 
Forum: Investing - Theory, News & General
Topic: Does college tuition indeed keep up with inflation?
Replies: 15
Views: 1209

Re: I just filed a Restrictive App at the SS office

Can this be done if the parties are divorced (i.e. suppose OP was no longer married to his wife)?
by freebeer
Wed Jan 28, 2015 11:50 am
 
Forum: Personal Finance (Not Investing)
Topic: I just filed a Restrictive App at the SS office
Replies: 39
Views: 2529

Re: Get 17% in russian savings account?

I completely recognize that this is probably a horrible investment idea, and that it is pure gambling. What I'm saying is that putting aside the fact that it is gambling/speculating/whatever-you-wanna-call-it, what would be the most efficient way to make the investment? The corporate bond ETF doesn...
by freebeer
Mon Jan 26, 2015 9:13 pm
 
Forum: Investing - Theory, News & General
Topic: Get 17% in russian savings account?
Replies: 49
Views: 4603

Re: Term Life Insurance when single

If you are very generous uncle then sure... (no "dependents" doesn't mean no "heirs")... but generally, no.
by freebeer
Tue Jan 20, 2015 9:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance when single
Replies: 15
Views: 1001

Re: Late-to-the-gate -- need some guidance

Is he "in real estate" as in sales, or as in development/investment? If the former all may be OK (and his secretive attitude just a quirk). But if the latter his secretive attitude could very well be a symptom that he's got a house of cards going... thanks to leverage it's quite easy to go...
by freebeer
Sat Jan 17, 2015 11:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Late-to-the-gate -- need some guidance
Replies: 10
Views: 1518

Re: Getting deposed -- do I need to hire my own lawyer?

I have been in your shoes. Most likely you signed a Proprietary Rights Agreement at the start of your employment and/or as part of a release of claims at the end of your employment. You need to read it and understand what obligations you have taken on that survive after the end of your employment, r...
by freebeer
Thu Jan 15, 2015 8:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Getting deposed -- do I need to hire my own lawyer?
Replies: 47
Views: 4611

Re: Is a Sub-4% SWR a Boglehead Quirk?

I think one aspect of the discussion that is often overlooked is how much cushion the desired withdrawal rate includes. Let's imagine that Angie has $1M and needs 40k per year. And she really needs it; even $39k a year means wearing three sweaters because the electric company is threatening about u...
by freebeer
Sun Jan 11, 2015 1:47 am
 
Forum: Investing - Theory, News & General
Topic: Is a Sub-4% SWR a Boglehead Quirk?
Replies: 177
Views: 10980

Re: Can I retire early? 38 y/o

... At current interest rates, real returns after tax are negative, 4% SWR is therefore a nonsense (it's a nonsense at 65 too, in fact at current interest rates and projected rates of return). VT, i''m sure you meant that risk-free real returns after tax are negative. But so what? Look what the sto...
by freebeer
Sat Jan 10, 2015 3:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire early? 38 y/o
Replies: 89
Views: 10904

Re: What kind of financial advisor is 100% active?

I'm having a hard time not yielding to my eternal cynicism and am wondering if someone can shed light on something bothering me. Assuming an unsophisticated, long term buy and hold investor, who never finds reason to communicate with his or her FA except semi annually - what sort of FA would invest...
by freebeer
Fri Jan 09, 2015 11:57 am
 
Forum: Investing - Help with Personal Investments
Topic: What kind of financial advisor is 100% active?
Replies: 16
Views: 978

Re: Thinking about retirement - it's depressing

Have you considered becoming an entrepreneur?
by freebeer
Thu Jan 08, 2015 9:46 pm
 
Forum: Personal Consumer Issues
Topic: Thinking about retirement - it's depressing
Replies: 80
Views: 8678

Re: Why not just follow John Bogle

I think Bogle is in the tank for the USA, perhaps somewhat suffering from status quo bias (after all he's lived through many decades of American overall economic dominance), perhaps due to patriotism. But I do think that his advice (in re: significantly overweighting US holdings vs. our share of the...
by freebeer
Sat Jan 03, 2015 10:52 pm
 
Forum: Investing - Theory, News & General
Topic: Why not just follow John Bogle
Replies: 78
Views: 6011

Re: What kind of financial advisor is 100% active?

I'm having a hard time not yielding to my eternal cynicism and am wondering if someone can shed light on something bothering me. Assuming an unsophisticated, long term buy and hold investor, who never finds reason to communicate with his or her FA except semi annually - what sort of FA would invest...
by freebeer
Sat Jan 03, 2015 2:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: What kind of financial advisor is 100% active?
Replies: 16
Views: 978

Re: Problem with Google Docs Sheets stock quotes

Thank you richard, that is clearly the problem - I tried a bunch of dates but none early enough to work. Perhaps it's been discontinued but I can work around that, I realized this entry is for tracking a retirement fund for which I don't have direct access to current holdings anyway.
by freebeer
Sat Jan 03, 2015 1:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Problem with Google Docs Sheets stock quotes
Replies: 2
Views: 192

Problem with Google Docs Sheets stock quotes

Short question: in a Google Docs spreadsheet =GoogleFinance("VIFSX","price") works (returns current price) but =GoogleFinance("VIFSX", "price", DATE(2014, 12,4)) does not work (for any date I enter)... whereas for the other dozen mutual funds in my portfolio t...
by freebeer
Sat Jan 03, 2015 1:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Problem with Google Docs Sheets stock quotes
Replies: 2
Views: 192

Re: Stolen car recovered, need a plan

... * Car did not have comprehensive coverage (a mistake) * Prior to being stolen, car was worth about $4-4.5k... Uh, why was not having comprehensive a mistake? It is a rule of thumb that if vehicle is only worth $4K not to bother with comprehensive or collision. I mean given what happened sure it...
by freebeer
Mon Dec 22, 2014 1:17 am
 
Forum: Personal Consumer Issues
Topic: Stolen car recovered, need a plan
Replies: 27
Views: 3214

Re: Buy rental property as I cannot afford house where I liv

From your other post $70K is all your after-tax cash. I would not suggest investing 100% in RE and I would not suggest being an out-of-town landlord. That being said 25 years ago I was in the Bay Area and thought housing prices were out of control. I strongly considered buying in Seattle which was a...
by freebeer
Mon Dec 22, 2014 12:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Buy rental property as I cannot afford house where I live
Replies: 7
Views: 1369

Re: Odds of portfolio survival = 90%; odds of my survival =

Yes, I have tried to blow this horn here... as a former business partner of mine likes to say: "the only true limiting factor in life is time, not money". But many of us don't seem comfortable contemplating this too closely ... a fixation on building a "completely safe" portfolio...
by freebeer
Mon Dec 15, 2014 3:29 pm
 
Forum: Investing - Theory, News & General
Topic: Odds of portfolio survival = 90%; odds of my survival = 0.1%
Replies: 171
Views: 11829

Re: Poll: Dividend income to match annual salary?

Dividends are a side show. What counts is real return. +1 to that. And focusing on dividends is also a recipe for tax-inefficiency, with both double taxation (at corporate and individual levels) and the missed opportunity to postpone paying capital gains esp. given broad-based index funds like Tota...
by freebeer
Thu Dec 11, 2014 9:41 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Dividend income to match annual salary?
Replies: 39
Views: 3870

Re: "Why Retirement at 65 is a Fairy Tale"

... assuming those 65 year olds keep their jobs. Past history suggests most them will get laid off around 62 and never have a similar level employment again. ... I would have expected that the % who get laid off late in their work careers (vs. voluntarily retiring or staying employed at a similar l...
by freebeer
Thu Dec 11, 2014 8:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Why Retirement at 65 is a Fairy Tale"
Replies: 117
Views: 12190

Re: "Why Retirement at 65 is a Fairy Tale"

... assuming those 65 year olds keep their jobs. Past history suggests most them will get laid off around 62 and never have a similar level employment again. ... I would have expected that the % who get laid off late in their work careers (vs. voluntarily retiring or staying employed at a similar l...
by freebeer
Thu Dec 11, 2014 1:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Why Retirement at 65 is a Fairy Tale"
Replies: 117
Views: 12190

Re: What is the best meal you've had at a restaurant?

Coincidentally I had one of my most amazing meals just now - Duck breast with caramelized bananas and figs as the main course, and eggplant "beignets" with coriander batter as starter. And a carafe of lovely Cote du Provence wine, with Armagnac and cheese to finish. This was at the restaur...
by freebeer
Wed Dec 10, 2014 4:00 pm
 
Forum: Personal Consumer Issues
Topic: What is the best meal you've had at a restaurant?
Replies: 88
Views: 7318
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