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Re: Can you please convince me to get a credit card?

Everyone has outlined the benefits. But, if those benefits are not really benefits to you, don't get a credit card. Too many times people on this board recommend getting credit cards in order to manipulate credit scores. But, I don't think you should take on a CC just for that reason. Make the right...
by leonard
Fri Apr 18, 2014 10:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can you please convince me to get a credit card?
Replies: 93
Views: 5025

Re: Portfolio minimum?

The only time a portfolio might be too small is if excessive trading fees are part of the deal. If you are paying per trade then multiple individual slices may not make sense out the gate. So, as long as you can take the portfolio positions you would like with your $15k without excessive trading fee...
by leonard
Fri Apr 18, 2014 7:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio minimum?
Replies: 7
Views: 622

Re: New money and Investment Policy Statement

1% isn't going to material effect diversification. So, I would let simplicity be the guiding principle here and buy whatever brings up a low-ish asset class (I'd only bother with buying one with 1%) and doesn't create more complexity. Well it's already happened and I was reporting back with the dec...
by leonard
Fri Apr 18, 2014 7:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: New money and Investment Policy Statement
Replies: 14
Views: 1051

Re: New money and Investment Policy Statement

This is a question regarding new money added to an existing portfolio. The general characteristics of the portfolio and rebalancing criteria are covered in the Investment Policy Statement but that of course doesn't have every detail so I have run into a situation which isn't terribly important but ...
by leonard
Fri Apr 18, 2014 6:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: New money and Investment Policy Statement
Replies: 14
Views: 1051

Re: Trying to identify pre-1980 6th grade economics book

Any chance the teacher is still alive? Might be worth a chance tracking to down the teacher, nothing to lose.
by leonard
Fri Apr 18, 2014 5:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trying to identify pre-1980 6th grade economics book
Replies: 9
Views: 931

Re: Question on borrowing from IRA

Perhaps a better question is "I have a need for $X dollars for 30 days. What is the lowest cost and lowest risk way to fund this need?"

Barring this - almost no one here is going to recommend taking this out of an IRA, without knowing why this is the best source for the funds.
by leonard
Fri Apr 18, 2014 4:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question on borrowing from IRA
Replies: 12
Views: 604

Re: Where are the Opportunities now ?

I don't advocate market timing but I believe that investors should pay attention to valuations. I also look at money flows to give me an idea of investor sentiment. So if I see investors piling into a particular asset class, my enthusiasm for that asset class is less because I know that investors o...
by leonard
Fri Apr 18, 2014 12:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where are the Opportunities now ?
Replies: 28
Views: 1946

Re: 401k in-service withdrawals

I recently became eligible to participate in my company's 401K. There's not much in there yet ~$3100. When I was checking the plan, I found out I can do an in-service withdrawal. The fees on the funds range from 1.41-1.61. I want to do a rollover IRA to Vanguard. I'm gradually increasing my contrib...
by leonard
Fri Apr 18, 2014 12:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k in-service withdrawals
Replies: 18
Views: 1066

Re: How high of an allocation to REITs?

10%. Enough for diversification benefit. Not enough to take on too much risk.
by leonard
Fri Apr 18, 2014 12:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: How high of an allocation to REITs?
Replies: 22
Views: 2355

Re: Non-tabletop fountain in home office = need dehumidifer?

Forgot to mention that I'll probably be keeping the door to my office closed. I've got a cat, who I love, who's running low on his 9 lives. The little guy likes to chew through thin power supply cables like a goat. And has even graduated to thicker electrical cables. Lots of cabling in there--tried...
by leonard
Fri Apr 18, 2014 12:21 pm
 
Forum: Personal Consumer Issues
Topic: Non-tabletop fountain in home office = need dehumidifer?
Replies: 6
Views: 474

Re: Guitar purchase problem: Fender strat mfg warranty?

Hate to break it to you - but Musician's Friend (and I think Music123 and WWBW) is owned by Guitar Center. if the box and registration is a big enough concern, just return the guitar. You can find MIM Stratocasters everywhere - they are really not anything rare - so just find another one. btw - I ha...
by leonard
Fri Apr 18, 2014 11:54 am
 
Forum: Personal Consumer Issues
Topic: Guitar purchase problem: Fender strat mfg warranty?
Replies: 15
Views: 615

Re: Draft email to investment advisor re outperforming Total

Thanks for the insight this morning. Here is some additional insight from me. Yes, my mind is made up to invest in VTI but I hesitate because of a longstanding relationship for which I’ve been willing to lag the market over the 20+ years my advisor has managed this sub-account (since inception numb...
by leonard
Thu Apr 17, 2014 3:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Draft email to investment advisor re outperforming Total Mar
Replies: 24
Views: 2375

Re: 401k in-service withdrawals

I recently became eligible to participate in my company's 401K. There's not much in there yet ~$3100. When I was checking the plan, I found out I can do an in-service withdrawal. The fees on the funds range from 1.41-1.61. I want to do a rollover IRA to Vanguard. I'm gradually increasing my contrib...
by leonard
Thu Apr 17, 2014 3:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k in-service withdrawals
Replies: 18
Views: 1066

Re: Dilemma about legal action for injured child

See a lawyer.

BTW - floors get wet. There are hard surfaces literally everywhere. People slip and fall. Sometimes - accidents are just accidents. Do you really believe the playhouse was negligent and caused this accident. Or, was it just - you know - an accident.
by leonard
Thu Apr 17, 2014 3:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Dilemma about legal action for injured child
Replies: 17
Views: 1799

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
Thu Apr 17, 2014 1:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Corporate Compliance has a problem with our Vanguard account
Replies: 29
Views: 2449

Re: First of two parter on what is risk

bobcat2 wrote:[OT comment removed by admin LadyGeek]


[Response to OT comment removed by admin LadyGeek]
by leonard
Thu Apr 17, 2014 1:42 pm
 
Forum: Investing - Theory, News & General
Topic: First of two parter on what is risk
Replies: 26
Views: 1650

Re: Where are the Opportunities now ?

yes I very well agree that no one can get right market timing all the time. But I was trying to just take a little bit of risk with my money in 401 k based on some advice from Brett Arends. http://www.marketwatch.com/story/what-the-big-money-is-betting-on-in-2014-2013-12-18 What is your thought on ...
by leonard
Thu Apr 17, 2014 1:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where are the Opportunities now ?
Replies: 28
Views: 1946

Re: I don't understand whether there are costs to rebalancin

Assume it's a large one time windfall and future income is so small relative to the windfall that it can't be used to rebalance Assumptions get you a solution that applies to the assumptions - not necessarily the actual situation. We don't know who you are - so why not post an actual portfolio revi...
by leonard
Thu Apr 17, 2014 1:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: I don't understand whether there are costs to rebalancing
Replies: 16
Views: 1141

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 powe...
by leonard
Thu Apr 17, 2014 1:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment by Employer Counting as Taxed Income
Replies: 16
Views: 909

Re: Salary Negotiation Help

How much would it cost them in hard dollar recruiting costs to recruit and replace you? How much would it cost the organization in lost efficiency during transition to a new leader? Put some dollar guesses to those 2 items and that should give you an idea of the premium you can look for - in additio...
by leonard
Thu Apr 17, 2014 1:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Salary Negotiation Help
Replies: 6
Views: 851

Re: Draft email to investment advisor re outperforming Total

This is a sales person. They are going to tell you what they think they need to retain your business. Why write a note with a bunch of passive questioning (and at least implied underperformance.) I think you know they can't overcome the fees plus 1% tax cost. And, any answers they provide are not go...
by leonard
Thu Apr 17, 2014 1:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Draft email to investment advisor re outperforming Total Mar
Replies: 24
Views: 2375

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: 42
Views: 2464

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: 16
Views: 909

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: 69
Views: 6825

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: 69
Views: 6825

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: 69
Views: 6825

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: 4336

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: 2920

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: 29
Views: 2449

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: 29
Views: 2449

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: 4525

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: 29
Views: 2449

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: 1797

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: 5079

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: 29
Views: 2449

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: 3031

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: 8514

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: 8514

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: 3031

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: 4525

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: 8514

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: 9794

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: 3777

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: 4525

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: 1113

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. In retrospect - this ...
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: 573

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: 3777

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: 3777

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: 3777
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