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Re: CalPERS Eliminates Hedge Fund Program

They can afford them but I can only assume their results showed they could not find them consistently, which is basically the active management story. I wish they'd publish the complete results of their long experiment with hedge funds.
by letsgobobby
Tue Sep 16, 2014 7:20 am
 
Forum: Investing - Theory, News & General
Topic: CalPERS Eliminates Hedge Fund Program
Replies: 17
Views: 880

Re: Learning a NEW language - Foreign Service Inst

Have been playing with duolingo and it's cute but certainly not going to create speaking or listening fluency, unless I am missing something. It's a bit of a brush up for my Spanish vocabulary and grammar but the spoken examples are very brief. Telenovelas and noticieros on Univision are more helpfu...
by letsgobobby
Mon Sep 15, 2014 10:52 am
 
Forum: Personal Consumer Issues
Topic: Learning a NEW language - Foreign Service Inst
Replies: 37
Views: 2371

Re: What's in your tax advantage accounts?

Pretax accounts a 50/50 mix of total bond and stable value.

Roths 100% small value and international especially small.

Taxable I bonds but predominantly total us and international stock.

Taxable is 40% of total, Roth 20%.
by letsgobobby
Mon Sep 15, 2014 8:08 am
 
Forum: Investing - Theory, News & General
Topic: What's in your tax advantage accounts?
Replies: 28
Views: 1362

Re: Can You Build Your Retirement Portfolio Young, then Coas

We have been saving aggressively since age 29 when I graduated residency. Now age 40. By age 45 I expect to be able to coast/quit saving, but as others have said it won't be second nature so I will probably strike more of a middle ground and just order dessert more often.
by letsgobobby
Sun Sep 14, 2014 5:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can You Build Your Retirement Portfolio Young, then Coast?
Replies: 23
Views: 2737

Re: Car-Certified Lexus LS 460 Vs New ES 350 Vs New RX 350

The new 2015 Subaru outback got rave reviews from USA Today, and was particularly noted for being dead quiet. They have been reliable and of course their AWD is top notch. http://www.usatoday.com/story/money/columnist/healey/2014/09/13/test-drive-2015-subaru-outback-great-mpg-driving-behavior-/15448...
by letsgobobby
Sun Sep 14, 2014 5:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Car-Certified Lexus LS 460 Vs New ES 350 Vs New RX 350
Replies: 21
Views: 1425

Re: Car Advice: When to Replace?

Spending $1000 annually per vehicle on repairs is still cheaper than buying a new car, but if you can find a 5-6 year old reliable car you could make the switch. I really agonize about cars and the money spent on them, clipping coupons to save fifty cents on turkey but buying a car even six months s...
by letsgobobby
Sun Sep 14, 2014 1:48 pm
 
Forum: Personal Consumer Issues
Topic: Car Advice: When to Replace?
Replies: 35
Views: 2228

Re: Recommended World War I book

Either the NY Times or the Wall Street Journal just reviewed a new book which comprised stories of various everymen on all sides of the conflict but I cannot find the article or remember the name. If anyone recalls it I'd be obliged. I've enjoyed several books by John Keegan and Barbara Tuchman's G...
by letsgobobby
Sun Sep 14, 2014 9:51 am
 
Forum: Personal Consumer Issues
Topic: Recommended World War I book
Replies: 37
Views: 1752

Re: Treadmills

Sole f 80 as well, only wish it had a numeric keypad for faster changing if speed and incline.
by letsgobobby
Sun Sep 14, 2014 2:42 am
 
Forum: Personal Consumer Issues
Topic: Treadmills
Replies: 18
Views: 889

Re: A 'really good book' you did NOT enjoy

I've pulled Moby Dick from my list. Paradise Lost will now not get on it. It's a start. 2 down, many to go. Loved both Love in the Time of Cholera and One hundred years of Solitude. Last live Shakespeare I saw in London we fell asleep. Sevenseas, we may have polar opposite tastes! LOL! That could p...
by letsgobobby
Sun Sep 14, 2014 1:04 am
 
Forum: Personal Consumer Issues
Topic: A 'really good book' you did NOT enjoy
Replies: 195
Views: 8893

Re: Time + Savings Rate > Asset Allocation

I agree, saving an extra 5% per year for all their working years (20% instead of 15%) and starting at age 20 rather than age 30 would make a far greater difference than shaving another 5 basis points off costs, or arguing about whether to tilt 10% small cap or 15%, whether to be 70% stocks or 65%, w...
by letsgobobby
Sat Sep 13, 2014 10:43 am
 
Forum: Investing - Theory, News & General
Topic: Time + Savings Rate > Asset Allocation
Replies: 17
Views: 1523

Re: How should I invest the money in my taxable account?

How will you move the 401k?

Overall I echo abuss. Your taxable account will dominate so it will need to be balanced.
by letsgobobby
Sat Sep 13, 2014 9:47 am
 
Forum: Investing - Help with Personal Investments
Topic: How should I invest the money in my taxable account?
Replies: 20
Views: 2488

Re: The Annuity Puzzlement

I still think the tontine idea is more appealing since it addresses longevity risk specifically. Waiting for that product to come on line.
by letsgobobby
Sat Sep 13, 2014 9:23 am
 
Forum: Investing - Theory, News & General
Topic: The Annuity Puzzlement
Replies: 42
Views: 2357

Re: Recommended World War I book

Either the NY Times or the Wall Street Journal just reviewed a new book which comprised stories of various everymen on all sides of the conflict but I cannot find the article or remember the name. If anyone recalls it I'd be obliged. I've enjoyed several books by John Keegan and Barbara Tuchman's Gu...
by letsgobobby
Sat Sep 13, 2014 1:43 am
 
Forum: Personal Consumer Issues
Topic: Recommended World War I book
Replies: 37
Views: 1752

Re: "Why 97% of People Don't Use 529 College Savings Plans."

I have maxed out my 401K, two roths, my wife's small business 401K, and a family HSA. I am planning to do a 529 when my child is born in January. I will probably do another $400 a month or so ($5K per year) because I dont want to have to worry about college for my kid and have no idea where else to...
by letsgobobby
Fri Sep 12, 2014 7:20 pm
 
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 105
Views: 9487

Re: Angry when stock market is down

Does anyone else get angry/edgy/cranky on days where the stock market is down? In the last couple of days, I find little things "set me off". But maybe it could also be other factors in my life. For instance, it's annoying to see REITs down 1.8% today. I won't sell, but I'm just annoyed. ...
by letsgobobby
Fri Sep 12, 2014 4:45 pm
 
Forum: Investing - Theory, News & General
Topic: Angry when stock market is down
Replies: 79
Views: 3752

Re: Angry when stock market is down

Does anyone else get angry/edgy/cranky on days where the stock market is down? In the last couple of days, I find little things "set me off". But maybe it could also be other factors in my life. For instance, it's annoying to see REITs down 1.8% today. I won't sell, but I'm just annoyed. ...
by letsgobobby
Fri Sep 12, 2014 2:04 pm
 
Forum: Investing - Theory, News & General
Topic: Angry when stock market is down
Replies: 79
Views: 3752

Re: A 'really good book' you did NOT enjoy

I'm finding my 'to read' list getting inexorably longer. With work, family, personal obligations, there's not enough time, even to optimistically plan on doing in a far away retirement. Need a way to winnow down a bit. Tell me about a book that you was reputed to be excellent, that you did not enjo...
by letsgobobby
Fri Sep 12, 2014 1:43 am
 
Forum: Personal Consumer Issues
Topic: A 'really good book' you did NOT enjoy
Replies: 195
Views: 8893

Re: "Why 97% of People Don't Use 529 College Savings Plans."

college is very worthwhile though one could reasonably ask if a private college vs a good state school really is. The difference might be 50% or more ($100k vs $250k in today's dollars) and what would $150k be worth in 40 years? $1,000,000 real at 5% real growth, maybe enough to pay for half of reti...
by letsgobobby
Thu Sep 11, 2014 6:56 pm
 
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 105
Views: 9487

Re: "Why 97% of People Don't Use 529 College Savings Plans."

I will never use a 529 plan because of simplicity. Imagine I have two kids so I have two 529 plans, a 401K (at least 1), a ROTH, HSA, taxable (maybe more than 1), etc. Too much for me. I like simplicity . I like to have as few accounts as possible. It keeps my money more focused. I'd rather have mo...
by letsgobobby
Thu Sep 11, 2014 2:37 pm
 
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 105
Views: 9487

Re: "Why 97% of People Don't Use 529 College Savings Plans."

529 plans don't work well for people who expect to pay estate tax. They use up the annual exclusion. If you have a taxable estate, you can give the student $14,000 a year ($28,000 for a married couple with gift-splitting) and also pay for college (or pay for tuition for a grandchild). So you're rei...
by letsgobobby
Thu Sep 11, 2014 2:46 am
 
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 105
Views: 9487

Re: "Why 97% of People Don't Use 529 College Savings Plans."

I will never use a 529 plan because of simplicity. Imagine I have two kids so I have two 529 plans, a 401K (at least 1), a ROTH, HSA, taxable (maybe more than 1), etc. Too much for me. I like simplicity . I like to have as few accounts as possible. It keeps my money more focused. I'd rather have mo...
by letsgobobby
Thu Sep 11, 2014 1:45 am
 
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 105
Views: 9487

Re: Should I stop contributing to 529 Plan?

If you max your retirement accounts and have a paid off house and have no taxable investments and your income stays the same or go down, you could be eligible for some financial aid, possibly. I would stop investing in 529s.
by letsgobobby
Wed Sep 10, 2014 11:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I stop contributing to 529 Plan?
Replies: 4
Views: 711

Re: "Why 97% of People Don't Use 529 College Savings Plans."

4. After GWB's economic stimulus (http://en.wikipedia.org/wiki/Economic_Growth_and_Tax_Relief_Reconciliation_Act_of_2001), 529 tax advantages was greatly reduced. My memory is the complete opposite. It was the 2001 act, allowing tax-free withdrawals if used for qualified education, that was the dea...
by letsgobobby
Wed Sep 10, 2014 8:37 pm
 
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 105
Views: 9487

Re: "Why 97% of People Don't Use 529 College Savings Plans."

Part of the confusion with 529s is the inconsistency in information about the plans: 1. The top Google hit I got when searching for "529 early withdrawal penalty" http://wiki.fool.com/Penalty_for_Early_Withdrawal_From_529_Plans "The IRS assesses a 10 percent penalty on the entire wit...
by letsgobobby
Tue Sep 09, 2014 4:54 pm
 
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 105
Views: 9487

Re: Rather macabre but necessary question

In some ways your situation is clearer than for someone younger, with dependents. In those situations living for 10 vs 20 more years is the difference between seeing their kids grow into adults, or not. Or not knowing whether they'll die with or without life insurance. Certainly the need to maintain...
by letsgobobby
Tue Sep 09, 2014 4:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rather macabre but necessary question
Replies: 72
Views: 5276

Re: Is Prepaid College Fund a Qualified 529 Expense?

If Florida will accept it then you are permitted to transfer the assets from the 529 to the prepaid plan, which is just another 529.
by letsgobobby
Sun Sep 07, 2014 11:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is Prepaid College Fund a Qualified 529 Expense?
Replies: 7
Views: 477

Re: A 'really good book' you did NOT enjoy

War and Peace. I couldn't keep track of all the characters. Anything by Shakespeare and Tolstoy would be on that list too. It's been several decades though. Now people are piling up on Tostoy?! My opinion about the intellectual strength of this Forum is falling fast. Victoria Have you read it in En...
by letsgobobby
Sun Sep 07, 2014 4:34 pm
 
Forum: Personal Consumer Issues
Topic: A 'really good book' you did NOT enjoy
Replies: 195
Views: 8893

Re: Texas - Recommendation Where To Live

Agree that FW is more like an overgrown cow town. I suppose that's what it is. It has some decent restaurants, definitely less traffic and less uppity than Dallas. My wife is from Ft. Worth. But it's still dang hot there. My wife and kids go every July and my son always gets a heat rash. I boycott T...
by letsgobobby
Sun Sep 07, 2014 4:33 pm
 
Forum: Personal Consumer Issues
Topic: Texas - Recommendation Where To Live
Replies: 56
Views: 2804

Re: Texas - Recommendation Where To Live

I assume no one was seriously hurt and also that you were not anywhere in that video and therefore I can laugh hysterically without guilt?
by letsgobobby
Sun Sep 07, 2014 3:53 pm
 
Forum: Personal Consumer Issues
Topic: Texas - Recommendation Where To Live
Replies: 56
Views: 2804

Re: Texas - Recommendation Where To Live

Has your friend considered California? :twisted: Or staying in Utah. St George perhaps. I was thinking of St. George because I had a friend that moved there for golf. That was his only passion in life. However, the summers are hot. I think the OP wants a place that doesn't exist. exactly. "Mil...
by letsgobobby
Sun Sep 07, 2014 3:24 pm
 
Forum: Personal Consumer Issues
Topic: Texas - Recommendation Where To Live
Replies: 56
Views: 2804

Re: Portfolio Advice Needed $1M age 40

Didn't see your question but I have a couple for you. Do you save only $28,500 per year or is some going to taxable or elsewhere? Do you plan to pay for college for your kids? Do you have any 529 or other college savings?
by letsgobobby
Sun Sep 07, 2014 12:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice Needed $1M age 40
Replies: 18
Views: 2025

Re: Texas - Recommendation Where To Live

Tycoon wrote:Has your friend considered California? :twisted:

Or staying in Utah. St George perhaps.
by letsgobobby
Sun Sep 07, 2014 12:35 pm
 
Forum: Personal Consumer Issues
Topic: Texas - Recommendation Where To Live
Replies: 56
Views: 2804

Re: A 'really good book' you did NOT enjoy

Calling Stephen King's "The Stand" a 'really good book' is quite a stretch but it was recommended by several 'end of the world' enthusiasts. It was horrible. I had never read Stephen King before, I felt like I was reading the script for a cartoon. For a second grader. The only character ev...
by letsgobobby
Sun Sep 07, 2014 12:54 am
 
Forum: Personal Consumer Issues
Topic: A 'really good book' you did NOT enjoy
Replies: 195
Views: 8893

Re: Think like a rich person

After Bob Brinker interviewed Steve Siebold on his show, I picked up his book at the local library: http://www.amazon.com/Rich-People-Think-Steve-Siebold/dp/0975500341 Man, what a waste of 5 minutes. And that was just the time picking up the book. I wasted another 20 minutes actually skimming the da...
by letsgobobby
Sun Sep 07, 2014 12:24 am
 
Forum: Personal Finance (Not Investing)
Topic: [Helping someone] think like a rich person
Replies: 40
Views: 4119

Re: Suggestions for 10 days on Hawaiian Islands

Favorite island is Oahu by far for the culture and food and nightlife. Maui second. Big Island if you want rainy side or volcanoes but for us kauai and Kona sides are both boring or more specifically beautiful but could be any beautiful island in the world. Course my family is from Maui so I really ...
by letsgobobby
Sat Sep 06, 2014 9:11 pm
 
Forum: Personal Consumer Issues
Topic: Suggestions for 10 days on Hawaiian Islands
Replies: 24
Views: 1424

Re: How to hedge purchase of individual stock.

Why not just buy puts on 200 shares of RCL at close to the strike price expiring in January? Say it trades $68 when I buy, buy puts on 200 sh with expiry January 14 and strike price $67.50?
by letsgobobby
Sat Sep 06, 2014 3:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to hedge purchase of individual stock.
Replies: 17
Views: 1110

Re: Poll: Cash Holdings

I don't count checking as portfolio any more than I count my shoes or my car. So I have 0% cash in my portfolio. When I bonds change their name to I cash I will count them as cash.
by letsgobobby
Sat Sep 06, 2014 11:53 am
 
Forum: Investing - Theory, News & General
Topic: Poll: Cash Holdings
Replies: 65
Views: 3613

Re: MD/MBA Investing Opportunities

hospital investment committee? Are you serious? Something like 70% of hospitals operate with less than 200 days cash in the bank. They don't have any money to invest. The closest thing would be to 'consult' into the CFO office as a 0.2 FTE or something, but to have any credibility you'd need to have...
by letsgobobby
Sat Sep 06, 2014 10:08 am
 
Forum: Investing - Theory, News & General
Topic: MD/MBA Investing Opportunities
Replies: 23
Views: 2401

A 'really good book' you did NOT enjoy

I'm finding my 'to read' list getting inexorably longer. With work, family, personal obligations, there's not enough time, even to optimistically plan on doing in a far away retirement. Need a way to winnow down a bit. Tell me about a book that you was reputed to be excellent, that you did not enjoy...
by letsgobobby
Sat Sep 06, 2014 10:03 am
 
Forum: Personal Consumer Issues
Topic: A 'really good book' you did NOT enjoy
Replies: 195
Views: 8893

Re: Do you consider your emergency fund part of your portfol

I have a large taxable account, and more in bonds in my retirement account than I would need as an emergency fund. If I needed to get money in an emergency, I could sell my taxable stock, and move money from bonds to stock in the retirement account to keep the same allocation. I count all of this i...
by letsgobobby
Sat Sep 06, 2014 9:59 am
 
Forum: Investing - Theory, News & General
Topic: Do you consider your emergency fund part of your portfolio?
Replies: 50
Views: 3035

Re: making extra payments on mortgage vs 529 plans

First max out every tax advantaged retirement plan you can. 401k, backdoor Roth IRA, mega backdoor Roth IRA, all his/hers and his/hers if applicable, plus HSA, plus I bonds, plus/minus EE bonds. If you still have money left, I would not prepay your mortgage in your tax bracket. I would definitely fu...
by letsgobobby
Fri Sep 05, 2014 4:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: making extra payments on mortgage vs 529 plans
Replies: 6
Views: 822

Re: Portfolio planning for 2 physician household - 401k 457b

Ok, so should I not put any bonds in the 3-fund portfolio and change it to total us and total international funds instead...........for the 50k for the taxable? That is the traditional advice. However in all fairness, this has been debated extensively around these parts. The two points of contentio...
by letsgobobby
Thu Sep 04, 2014 6:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio planning for 2 physician household - 401k 457b -
Replies: 10
Views: 1106

Re: To Roth or Not to Roth for College Savings?

Good article here from Vanguard's Maria Bruno. http://vanguardblog.com/2014/08/22/to-roth-or-not-to-roth-for-college-savings/ Point of clarification I have, can I take out the contributions we've made to our children's 529 accounts without penalties (tax penalties or general penalties otherwise) ju...
by letsgobobby
Thu Sep 04, 2014 2:58 pm
 
Forum: Investing - Theory, News & General
Topic: To Roth or Not to Roth for College Savings?
Replies: 4
Views: 426

Re: How to hedge purchase of individual stock.

Since you will be long the stock for a set period of time, you could enter into a "synthetic short" position with at-the-money options expiring around the time you would want to exit the stock position. See: http://www.optionseducation.org/strategies_advanced_concepts/strategies/synthetic...
by letsgobobby
Thu Sep 04, 2014 1:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to hedge purchase of individual stock.
Replies: 17
Views: 1110

Re: Portfolio planning for 2 physician household - 401k 457b

Opinions will vary but I don't use my nongovernmental 457b. Health care is changing too rapidly for me to be comfortable taking on that unnecessary risk.

Otherwise your plan looks great.
by letsgobobby
Thu Sep 04, 2014 9:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio planning for 2 physician household - 401k 457b -
Replies: 10
Views: 1106

Re: Costco:is it worth it for just two people?

Late to this party, but Costco is worth it or not depending on your specific shopping habits. Get a membership, wander around a few times, look at what they have, see what you think. If not to your liking they will refund the membership. Let's not forget the 'fun' factor. Part of Costco's allure is ...
by letsgobobby
Wed Sep 03, 2014 6:52 pm
 
Forum: Personal Consumer Issues
Topic: Costco:is it worth it for just two people?
Replies: 135
Views: 10057

Re: Am I crazy? Should I keep this permanent life insurance?

As a comparison, my wife's dividends paying WL policy, purchased when she was 18 years old, has a face value of $100k and an annual premium of $535. We use her dividends to buy paid up additions, which (if you like internal returns of the policy) is a good way to get a good, safe, low return on your...
by letsgobobby
Wed Sep 03, 2014 4:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Am I crazy? Should I keep this permanent life insurance?
Replies: 7
Views: 653

Re: Personal Finance advisor and 529 Help

Edelman provides good and comprehensive services, but at a price: > 2% per year IIRC. You can find just as good for cheaper, probably much cheaper.
by letsgobobby
Wed Sep 03, 2014 4:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Personal Finance advisor and 529 Help
Replies: 7
Views: 485
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