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Re: Does this strategy invite unnecessary risk?

I listened to a portion of a Paul Merriman podcast this morning and, if I understood him correctly, he was suggesting that a younger investor who still has multiple decades of work ahead of him/her, should be slightly more invested in small cap/value stocks of US markets than the US Total Stock Mar...
by leonard
Wed Apr 16, 2014 5:17 pm
 
Forum: Investing - Theory, News & General
Topic: Does this strategy invite unnecessary risk?
Replies: 12
Views: 645

Re: Student Loan Repayment by Employer Counting as Taxed Inc

I think it will put you in a bad negotiating position with future employers if you disclose - let alone arrange for them to pay - student debt. The person without debt is always in a stronger job and salary negotiating position than someone with immediate obligations. No need to give them some power...
by leonard
Wed Apr 16, 2014 5:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment by Employer Counting as Taxed Income
Replies: 14
Views: 712

Re: Looking at top 1% for actionable insight

Most of the relationships to being a top 1% would likely be spurious and not really actionable. Probably a lot of 1% drive BMW's - but it doesn't follow that I will become a 1% by buying a BMW. Actually the data from the IRS syncs pretty tightly with the Millionaire Next Door book... note that the ...
by leonard
Tue Apr 15, 2014 10:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Looking at top 1% for actionable insight
Replies: 50
Views: 4422

Re: Looking at top 1% for actionable insight

Most of the relationships to being a top 1% would likely be spurious and not really actionable. Probably a lot of 1% drive BMW's - but it doesn't follow that I will become a 1% by buying a BMW. As I recall from "The Millionaire Next Door" a common ride of the wealthy they studied was a Fo...
by leonard
Tue Apr 15, 2014 10:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Looking at top 1% for actionable insight
Replies: 50
Views: 4422

Re: Looking at top 1% for actionable insight

Most of the relationships to being a top 1% would likely be spurious and not really actionable.

Probably a lot of 1% drive BMW's - but it doesn't follow that I will become a 1% by buying a BMW.
by leonard
Tue Apr 15, 2014 12:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Looking at top 1% for actionable insight
Replies: 50
Views: 4422

Re: Lost $10K in my investments past few months

A concentrated sector bet? A little downturn probably doesn't faze you.
by leonard
Tue Apr 15, 2014 12:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Lost $10K in my investments past few months
Replies: 36
Views: 4263

Re: Can I get some alpha? (DFA / Wealthfront)

why is alpha in and of itself important to you.

If you need greater return - take on greater risk.
by leonard
Sat Apr 12, 2014 2:33 pm
 
Forum: Investing - Theory, News & General
Topic: Can I get some alpha? (DFA / Wealthfront)
Replies: 58
Views: 2850

Re: Corporate Compliance has a problem with our Vanguard acc

btw - I personally would never take a job that gave over this amount of transparency to a company I work for. Never. I guess that's what makes horse races. My ex-wife wouldn't get an EZpass because she didn't want the government knowing where she was going. My reaction to that was that 1-they proba...
by leonard
Fri Apr 11, 2014 7:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Corporate Compliance has a problem with our Vanguard account
Replies: 28
Views: 2151

Re: Corporate Compliance has a problem with our Vanguard acc

Leonard, this is an investment bank with a zillion regulations. To make it worse, it is global in scope, so many different regulators are involved. It is not our intention to be adversarial; compliance has a job to do, and they have been pleasant about doing it, although they could more clearly spe...
by leonard
Fri Apr 11, 2014 2:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Corporate Compliance has a problem with our Vanguard account
Replies: 28
Views: 2151

Re: Do I take the separation package offer?

btw - regarding unemployment - you can get it written in to the agreement that the employer "will not contest the application for unemployment benefits". Essentially, insuring in writing that you should be able to successfully apply for unemployment.
by leonard
Fri Apr 11, 2014 1:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I take the separation package offer?
Replies: 50
Views: 4328

Re: Corporate Compliance has a problem with our Vanguard acc

And, finally, I don't see in the letter what the repercussions are of not doing anything. Sometimes, people will just give up on follow up. I'd wait for a couple notices before even addressing it - since it's none of their business to begin with. In a lot of cases this is ground for dismissal..... ...
by leonard
Fri Apr 11, 2014 1:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Corporate Compliance has a problem with our Vanguard account
Replies: 28
Views: 2151

Re: Getting Passport without specific travel plans?

Get the passport.

If for no other reason, you don't have to deal with easily surprised people saying "You don't have a passport? I can't believe it!".
by leonard
Fri Apr 11, 2014 1:19 pm
 
Forum: Personal Consumer Issues
Topic: Getting Passport without specific travel plans?
Replies: 29
Views: 1710

Re: Preventing Office Theft of Food and Other Stuff

Get a game, motion sensor camera. Hide it in the lunch facing the opening. Then, put another hidden camera in the lunch room, just in case they have the guts to steal both the lunch and the game camera in the lunch.

These cameras are very cheap now, worth it to humiliate people like this.
by leonard
Fri Apr 11, 2014 12:48 pm
 
Forum: Personal Consumer Issues
Topic: Preventing Office Theft of Food and Other Stuff
Replies: 77
Views: 4936

Re: Corporate Compliance has a problem with our Vanguard acc

Ask them. If they can't clearly articulate what you need to do to be in compliance - I don't think it falls upon you to do the work to find out what they want. But, your holdings are none of their business. And, finally, I don't see in the letter what the repercussions are of not doing anything. Som...
by leonard
Fri Apr 11, 2014 12:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Corporate Compliance has a problem with our Vanguard account
Replies: 28
Views: 2151

Re: Advice for [Religious Investor]

This is what I meant by asking if there is a "look-through" principle. Presumably since the OP's friend holds equities, the fact that most companies are debt financed does not present a problem so long as the investor himself is not "making money on money." There is a grey area,...
by leonard
Tue Apr 08, 2014 10:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice for [Religious Investor]
Replies: 39
Views: 2927

Re: Why pay off your house?

placeholder wrote:That is quite the stretch.


"That"?
by leonard
Tue Apr 08, 2014 7:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why pay off your house?
Replies: 119
Views: 8419

Re: Why pay off your house?

Isn't housing a life-long cost? IF you factor it as a constant cost into retirement, do you need to rush to pay it off now? If yes, what about the loss of a tax deduction? Don't you want your money more liquid than dependent on the real estate market? Confused..... No more concern about payments, p...
by leonard
Tue Apr 08, 2014 3:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why pay off your house?
Replies: 119
Views: 8419

Re: Advice for [Religious Investor]

Virtually all companies receive interest in one form or another. As a stock shareholder, one is an owner of the company and therefore they are receiving interest.

I don't see any way around this conundrum.
by leonard
Tue Apr 08, 2014 3:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice for [Religious Investor]
Replies: 39
Views: 2927

Re: Do I take the separation package offer?

Regarding negotiating for more, as some have suggested, this is unlikely to work given that it's a blanket offer being made to many individuals. People negotiate separation agreements all the time. Plus, the OP has additional negotiating leverage if becoming a contractor on the project is an option...
by leonard
Tue Apr 08, 2014 2:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I take the separation package offer?
Replies: 50
Views: 4328

Re: Why pay off your house?

Isn't housing a life-long cost? IF you factor it as a constant cost into retirement, do you need to rush to pay it off now? If yes, what about the loss of a tax deduction? Don't you want your money more liquid than dependent on the real estate market? Confused..... No more concern about payments, p...
by leonard
Tue Apr 08, 2014 2:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why pay off your house?
Replies: 119
Views: 8419

Re: Frugal Fatigue

I'm really afraid of getting too frugal. My parents are frugal to the point that now they look at their retirement savings as something they can't touch. At some point frugality becomes a vice. We're saving over 50% of our gross and I'm practically forcing myself to splurge from time to time just n...
by leonard
Tue Apr 08, 2014 1:50 pm
 
Forum: Personal Consumer Issues
Topic: Frugal Fatigue
Replies: 96
Views: 9682

Re: Any Bogleheads here into real estate investing?(renting

So you are equating leaving money in a mutual fund and fund company like vanguard with leaving money with a true relative stranger. Are you honestly arguing those are equivalent? If so, your straw is showing. *shrug* I don't see it as a straw man argument. Yes, in both cases you're opening yourself...
by leonard
Tue Apr 08, 2014 1:46 pm
 
Forum: Investing - Theory, News & General
Topic: Any Bogleheads here into real estate investing?(renting out)
Replies: 53
Views: 3668

Re: Do I take the separation package offer?

You should counter the offer on the points you would like - the COBRA - maybe even the number of months. At the same time - research either setting up your own consultancy or working through another consulting agency. So, you could counter the offer and at the same time offer to come back as a consu...
by leonard
Tue Apr 08, 2014 12:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I take the separation package offer?
Replies: 50
Views: 4328

Re: Credit Threatened By Mega Cell Carrier After Bill Disput

It's reached the point that you need to understand your legal rights and obligations with respect to this bill. Consult a lawyer. If I migrated from one platform to a completely different platform - I personally would expect a lot - if not most- of the data, applications, and various stuff saved wou...
by leonard
Tue Apr 08, 2014 12:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Threatened By Mega Cell Carrier After Bill Dispute
Replies: 14
Views: 1104

Re: 401k to pay off condo to make it a rental

OP - can you walk us through your math on how the save interest makes up for the 10% penalty - let alone the opportunity cost of the tax free compounding?

I'm not seeing it - but perhaps you can clarify the math behind why you are seeing this option as the right financial move.
by leonard
Mon Apr 07, 2014 8:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401k to pay off condo to make it a rental
Replies: 7
Views: 564

Re: Any Bogleheads here into real estate investing?(renting

Yes. buying a single house in one place has the exact same level of effort, risk and returns as stock investing. What are you talking about? The statement was "it's a bad idea to leave it unattended with a relative stranger" (money that is). I was merely pointing out that is exactly what ...
by leonard
Mon Apr 07, 2014 4:48 pm
 
Forum: Investing - Theory, News & General
Topic: Any Bogleheads here into real estate investing?(renting out)
Replies: 53
Views: 3668

Re: Any Bogleheads here into real estate investing?(renting

are you folks serious? obviously - obviously - the point was a large amount of money. $250k, $50k, $1M, $20k, etc. etc etc. Whatever that large amount is - it's a bad idea to leave it unattended with a relative stranger. Oh, it's just like buying stocks! Do I win a prize? Yes. buying a single house...
by leonard
Mon Apr 07, 2014 4:00 pm
 
Forum: Investing - Theory, News & General
Topic: Any Bogleheads here into real estate investing?(renting out)
Replies: 53
Views: 3668

Re: Any Bogleheads here into real estate investing?(renting

Let's say a rental house costs $250,000. 250k of you hard earned money. Okay, now for some reality. A friend of mine owns 6 or 7 single family homes. The average purchase price of these homes has been around $50,000. The homes are obviously smaller bungalows. The rent from each house is $700-$800 p...
by leonard
Mon Apr 07, 2014 3:54 pm
 
Forum: Investing - Theory, News & General
Topic: Any Bogleheads here into real estate investing?(renting out)
Replies: 53
Views: 3668

Re: Any Bogleheads here into real estate investing?(renting

Let's say a rental house costs $250,000. 250k of you hard earned money. Okay, now for some reality. A friend of mine owns 6 or 7 single family homes. The average purchase price of these homes has been around $50,000. The homes are obviously smaller bungalows. The rent from each house is $700-$800 p...
by leonard
Mon Apr 07, 2014 3:51 pm
 
Forum: Investing - Theory, News & General
Topic: Any Bogleheads here into real estate investing?(renting out)
Replies: 53
Views: 3668

Re: 401k Advice

llessac15 wrote:If I don't have to pay any fees, then how does the Wells Fargo advisor make any money managing our company's 401K?


I characterize that as the advisor's problem. Not yours.
by leonard
Mon Apr 07, 2014 3:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k Advice
Replies: 17
Views: 777

Re: How are you preparing for the coming bear market

StarbuxInvestor wrote:Since Bear markets happen on a regular basis there is one coming, not that anyone knows when. Is there anything you do to prepare for the coming bear market beyond "stay the course"?


Like what, for example.
by leonard
Sat Apr 05, 2014 1:35 pm
 
Forum: Investing - Theory, News & General
Topic: How are you preparing for the coming bear market
Replies: 104
Views: 7765

Re: Student Loans -- a surcharge on your job?

7.5% is too high an interest rate to keep long term.
by leonard
Sat Apr 05, 2014 1:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Student Loans -- a surcharge on your job?
Replies: 26
Views: 1559

Re: I accidentally discovered a coworkers salary... now what

People store a lot of "stuff" on drives. Ignore it - it's her problem if she wants to have that public.

Do reevaluate your worth to the company and either ask for a raise or put the resume out to see what your real worth is in the market.
by leonard
Fri Apr 04, 2014 9:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: I accidentally discovered a coworkers salary... now what?
Replies: 59
Views: 5419

Re: Any Bogleheads here into real estate investing?(renting

Let's say a rental house costs $250,000. 250k of you hard earned money. Would you take 250k of you money and leave it in the hands of a relative stranger. Unattended. People will pile on here and say the analogy isn't "apt" for this or that reason. The reality is you are leaving a lot of v...
by leonard
Fri Apr 04, 2014 2:26 pm
 
Forum: Investing - Theory, News & General
Topic: Any Bogleheads here into real estate investing?(renting out)
Replies: 53
Views: 3668

Re: Portfolio advice taking extended time off at 29

Decision seems to be made. But, I am going to assert that - if you go through with this - you need to have 3 years of expenses saved. Early thirties with a 2 year employment gap is going to be very, very tough to explain when you are sitting across the table from an interviewer after your time off. ...
by leonard
Fri Apr 04, 2014 1:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice taking extended time off at 29
Replies: 5
Views: 429

Re: Can a company offer 401k and Profit Sharing Plan

bta15 wrote:Any idea of where I can find administration costs for a 401k plan?

Or maybe a better question is what do you have any recommendations for low-cost, reputable plan administrators?


Here's a great low cost benchmark to start from http://employeefiduciary.com/401k-plan-pricing/.
by leonard
Fri Apr 04, 2014 12:46 pm
 
Forum: Investing - Theory, News & General
Topic: Can a company offer 401k and Profit Sharing Plan
Replies: 8
Views: 611

Re: 401k Advice

Why on earth are you meeting with and paying someone to "discuss" your asset allocation? How does it come about that there is any fee at all for any service? It must be that you can manage this 401K without buying "services" from someone, so the question is did you do something ...
by leonard
Fri Apr 04, 2014 12:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k Advice
Replies: 17
Views: 777

Re: Lazy portfolios: no returns or risk information

So, for lazy portfolio's you want people to "state their data assumptions" so that you can see what data they were based on I think this is an exercise in false precision. Most lazy portfolio's are similar enough. So, unless you think someone is being dishonest about how they calculated p...
by leonard
Thu Apr 03, 2014 10:11 pm
 
Forum: Investing - Theory, News & General
Topic: Lazy portfolios: no returns or risk information
Replies: 132
Views: 6528

Re: New Friends are the Anti-Bogleheads, what to do?

leonard, you know you're not going to win that battle, right?! :D Yes, I definitely predict this on to be closed in... 3... 2... 1........ Not a battle. I had simply made the point of the importance of compound interest - but made it in a way that was short and must have been misunderstood as off t...
by leonard
Thu Apr 03, 2014 2:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: New Friends are the Anti-Bogleheads, what to do?
Replies: 93
Views: 8290

Re: Lazy portfolios: no returns or risk information

So, for lazy portfolio's you want people to "state their data assumptions" so that you can see what data they were based on I think this is an exercise in false precision. Most lazy portfolio's are similar enough. So, unless you think someone is being dishonest about how they calculated p...
by leonard
Thu Apr 03, 2014 1:49 pm
 
Forum: Investing - Theory, News & General
Topic: Lazy portfolios: no returns or risk information
Replies: 132
Views: 6528

Re: Lazy portfolios: no returns or risk information

"So, you are saying not returns or risk information is available? yet, you found it and calculated it - so it can't be too hard to find? So, which is it? BTW - again, Trevh's data has been posted here for 6 or 7 years. Available with a simple search. It's really not hard to find, so I am not s...
by leonard
Wed Apr 02, 2014 11:46 am
 
Forum: Investing - Theory, News & General
Topic: Lazy portfolios: no returns or risk information
Replies: 132
Views: 6528

Schwab 401k Custodial AUM fee going up?

For anyone that works on the administration of a 401k - where the trust is held by Charles Schwab - did your AUM fee go up for the Schwab's Custodial duties? I am involved in a 401k and we were told in a recent resigning with our Third Party Administrator that the Charles Schwab trust custodial serv...
by leonard
Wed Apr 02, 2014 11:30 am
 
Forum: Investing - Theory, News & General
Topic: Schwab 401k Custodial AUM fee going up?
Replies: 0
Views: 136

Re: New Friends are the Anti-Bogleheads, what to do?

I'm glad we used our money foolishly when we were young, you know just in case. [OT comment removed by admin LadyGeek] LadyGeek - Is the importance of compound interest off topic in the BH forum now? One of the tenets of BH philosophy is at the core of the discussion - whether to save for the futur...
by leonard
Tue Apr 01, 2014 2:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: New Friends are the Anti-Bogleheads, what to do?
Replies: 93
Views: 8290

Re: Lazy portfolios: no returns or risk information

It seems to me that returns and risk information is lacking when lazy portfolios are discussed. The bogleheads wiki for instance doesn't say anything about past or to be expected performance, both in terms of returns or risk: http://www.bogleheads.org/wiki/Lazy_portfolios I know the pitfalls of put...
by leonard
Tue Apr 01, 2014 12:23 pm
 
Forum: Investing - Theory, News & General
Topic: Lazy portfolios: no returns or risk information
Replies: 132
Views: 6528

Re: Should you discuss your wages with your peers?

So, the consensus is that the labor market is the one market that works better with less information disseminated. How exactly does a market with less information - when more easily available "sharing" was happening - make any sense to the people that have to bargain with employers and se...
by leonard
Tue Apr 01, 2014 11:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Should you discuss your wages with your peers?
Replies: 82
Views: 6610

Re: New Friends are the Anti-Bogleheads, what to do?

clubby wrote:I'm glad we used our money foolishly when we were young, you know just in case.


[OT comment removed by admin LadyGeek]
by leonard
Mon Mar 31, 2014 9:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: New Friends are the Anti-Bogleheads, what to do?
Replies: 93
Views: 8290

Re: Frugal Fatigue

After school is done, there's a house to buy, future kids, then their college...etc. If only any of these things were discretionary and therefore avoidable. On one hand, you say you are "fatigued" by being frugal. Yet, you seem to be making long term plans that will lock you in to Frugali...
by leonard
Mon Mar 31, 2014 8:52 pm
 
Forum: Personal Consumer Issues
Topic: Frugal Fatigue
Replies: 96
Views: 9682

Re: New Friends are the Anti-Bogleheads, what to do?

tibbitts wrote:There is sometimes an assumption here that the "boglehead way" is also the "right way." It's not - it's just one reasonable path of many. Another reasonable path for a couple making $400k is to buy two cars, a boat, and try some expensive hobbies.


Nah - it's the right way.
by leonard
Mon Mar 31, 2014 6:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: New Friends are the Anti-Bogleheads, what to do?
Replies: 93
Views: 8290

Re: Where to put $10-15K for 2-5 years?

It doesn't make sense to pay the penalties of withdrawing from an IRA in your 20's and losing the opportunity forever of having that compound for much of your life. You should look on an investment in your IRA as being there for retirement and beyond. Bruce When withdrawing for college, medical, or...
by leonard
Mon Mar 31, 2014 6:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to put $10-15K for 2-5 years?
Replies: 25
Views: 2323
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