Search found 8081 matches

by letsgobobby
Fri Jul 31, 2015 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC to buy cabin
Replies: 4
Views: 227

Re: HELOC to buy cabin

Owe:
car debt
family debt
school debt

Savings:
one month of income

Retirement:
4%

And you want to buy a second home.

I'm going to have nix that idea...
by letsgobobby
Fri Jul 31, 2015 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: gift for children 1 1/2 years old and 3 years old
Replies: 5
Views: 167

Re: gift for children 1 1/2 years old and 3 years old

our kids are in Vanguard target date 2060 funds. That is a true set it and forget it fund. We will tax gain harvest as necessary to mitigate their ultimate tax bills.
by letsgobobby
Fri Jul 31, 2015 11:36 am
Forum: Investing - Theory, News & General
Topic: Saving for College vs. Saving for Retirement: Why the Conventional Wisdom Is Wrong
Replies: 18
Views: 1566

Re: Saving for College vs. Saving for Retirement: Why the Conventional Wisdom Is Wrong

The keeping up with the Jones's style of personal finance definitely prioritizes college over retirement. Other people can see what school your kid is attending. I have yet to see a bumper sticker on a car that celebrates where the driver's IRA or 401(k) is held. http://www.vanguardgear.com/shop/li...
by letsgobobby
Fri Jul 31, 2015 9:07 am
Forum: Investing - Theory, News & General
Topic: Saving for College vs. Saving for Retirement: Why the Conventional Wisdom Is Wrong
Replies: 18
Views: 1566

Re: Saving for College vs. Saving for Retirement: Why the Conventional Wisdom Is Wrong

The keeping up with the Jones's style of personal finance definitely prioritizes college over retirement. Other people can see what school your kid is attending. I have yet to see a bumper sticker on a car that celebrates where the driver's IRA or 401(k) is held. http://www.vanguardgear.com/shop/li...
by letsgobobby
Fri Jul 31, 2015 12:31 am
Forum: Personal Consumer Issues
Topic: look for car suggestions
Replies: 38
Views: 1739

Re: look for car suggestions

An unplowed snowy hill sounds like high clearance, snow tires, and awd/4wd. I wouldn't buy something like a tesla with this in mind. I'd look at a dodge durango, lexus, or land cruiser. Reliability is important to me so land rover, mercedes, and jeep grand cherokee scary. Ride comfort argues against...
by letsgobobby
Thu Jul 30, 2015 11:33 pm
Forum: Personal Consumer Issues
Topic: Getting Hawaiian shave ice on the East Coast
Replies: 20
Views: 1136

Re: Getting Hawaiian shave ice on the East Coast

The first thing we do whenever we get to Oahu is go to Waiola shave ice. Best ice and flavors. Have never had anything close on the mainland but also I don't look too hard. Some things are better in context.
by letsgobobby
Thu Jul 30, 2015 4:13 pm
Forum: Investing - Theory, News & General
Topic: Are equities really as risky as anyone thinks?
Replies: 188
Views: 6966

Re: Are equities really as risky as anyone thinks?

Stock returns are not a pure random sequence. There is a fundamental value which is quite stable and there will be reversion to the mean fundamental return. That's one popular theory, but it's not a certain one. The math is hard to dispute. If you have a stock yieldings earnings stream {E1, E2, E3,...
by letsgobobby
Thu Jul 30, 2015 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: Tracking Portfolio - What's your XLS, Google Sheet, or whatever look like?
Replies: 25
Views: 1542

Re: Tracking Portfolio - What's your XLS, Google Sheet, or whatever look like?

Mine is similar but like backpacker, the two most important numbers are highlighted at the top, while less important numbers are hidden at the bottom or not on the sheet at all. The important numbers are: Stock/bond allocation International vs domestic stock allocation The less important numbers are...
by letsgobobby
Thu Jul 30, 2015 8:46 am
Forum: Personal Consumer Issues
Topic: Need car for 6 months a year. Best ideas?
Replies: 16
Views: 1230

Re: Need car for 6 months a year. Best ideas?

I was also going to suggest swapalease or similar.
by letsgobobby
Thu Jul 30, 2015 8:08 am
Forum: Investing - Theory, News & General
Topic: A look at gold and Peter Schiff's forecasts
Replies: 11
Views: 1342

Re: A look at gold and Peter Schiff's forecasts

Schiff is truly insufferable.
by letsgobobby
Wed Jul 29, 2015 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Major home renovation your thoughts
Replies: 25
Views: 2342

Re: Major home renovation your thoughts

Sprinklers aren't as much as you might think. Advertised prices range from $1-$2 per sf in new construction, to $3-$4 per sf in remodels. So to irrigate a specific area (say, bedrooms, or kitchen plus fireplace area), would be a small price in the scheme of a major remodel. Irrigating the whole hous...
by letsgobobby
Wed Jul 29, 2015 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: when the rubber hits the road [updated]
Replies: 33
Views: 2716

Re: when the rubber hits the road [updated]

Thanks for the update, and for your willingness to disclose so much. This is such an important topic. Lifetime incidence rates will explain why. By the time we are 85, if we are lucky enough to have reached 85, 40% of us will have dementia. For some that may seem light years away. But consider that ...
by letsgobobby
Wed Jul 29, 2015 8:36 pm
Forum: Investing - Theory, News & General
Topic: Are equities really as risky as anyone thinks?
Replies: 188
Views: 6966

Re: Are equities really as risky as anyone thinks?

Complete disclosure. These threads irritate me with their glibness and self confidence. But I guess we were all young and stupid once, we have an annoying habit as humans of primarily learning through experience, ie, the school of hard knocks. Objectively, I would reply that 1. Losing 50% in a back ...
by letsgobobby
Wed Jul 29, 2015 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Major home renovation your thoughts
Replies: 25
Views: 2342

Re: Major home renovation your thoughts

earthquake: this home is not in a flood or tsunami zone. It is at very low risk for a landslide, it is in a once meadowy area. I like the idea of just bolting to a foundation. I don't know if it has a crawlspace or not. sprinkler: will do more research. Bit idiosyncratic of an idea of mine, I know. ...
by letsgobobby
Tue Jul 28, 2015 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Major home renovation your thoughts
Replies: 25
Views: 2342

Re: Major home renovation your thoughts

I don't know much about them except they are effective in limiting fat tail risk from a fire, and that we looked at a home owned by a firefighter and he had installed them. Most home fires are in the kitchen so at least having one there seems worth considering.
by letsgobobby
Tue Jul 28, 2015 6:31 am
Forum: Personal Finance (Not Investing)
Topic: Major home renovation your thoughts
Replies: 25
Views: 2342

Re: Major home renovation your thoughts

Thank you for the feedback. We can do sawed off broom handles in the windows, the bars always represented a known compromise in aesthetics and fire safety. The single level home is important for health/mobility/aging in place considerations.
by letsgobobby
Tue Jul 28, 2015 2:13 am
Forum: Personal Finance (Not Investing)
Topic: Major home renovation your thoughts
Replies: 25
Views: 2342

Major home renovation your thoughts

We've been looking for about two years, looking very hard for a home with a large lot but in the city, right schools, yada yada, this looks like it. Home is 4000 sf, mostly single level, built in 1972 with major upgrades and add on in 1997. 1 acre. Portland suburbs, Washington state. Bottom line is ...
by letsgobobby
Mon Jul 27, 2015 8:29 pm
Forum: Investing - Help with Personal Investments
Topic: How long until a $10,000 loss matters?
Replies: 39
Views: 3314

Re: How long until a $10,000 loss matters?

How long.... Since July 20th Probably a little longer than 7 days! Come on now. Were you bored and just felt like posting? :wink: I think livesoft overshot a little there, but you have talked about a $1 million portfolio. Ten thousand really concerns you??? Maybe stop watching the portfolio on a da...
by letsgobobby
Mon Jul 27, 2015 9:28 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard question. What to do with 80,000k in cash
Replies: 11
Views: 1427

Re: Vanguard question. What to do with 80,000k in cash

You say you save 10% of your monthly income or $1600 in a 401k. That implies a monthly income of $16,000. But elsewhere you say you have a monthly income of $6000 after taxes, of which you need $2500-3000 for expenses. Can you clarify?
by letsgobobby
Sun Jul 26, 2015 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Recent windfall - Currently 95% of assets in single stock - Tax and asset allocation advice appreciated
Replies: 79
Views: 5046

Re: Recent windfall - Currently 95% of assets in single stock - Tax and asset allocation advice appreciated

I would pay off all loans, including the student loans and the car and the mortgage. Rapidly figure out what your annual expenses are going to be. You're a student; will your income rise soon? Were you planning to increase your savings rate after graduation? Large windfalls like this can slip throug...
by letsgobobby
Sat Jul 25, 2015 2:43 pm
Forum: Investing - Theory, News & General
Topic: Mortgage as a reverse-bond technique
Replies: 36
Views: 1623

Re: Mortgage as a reverse-bond technique

I think you have way over thought this in an effort to justify a higher stock allocation. Just say, I don't plan to own any bonds until interest rates are higher. In the meantime, I will be prepaying my mortgage to get some modicum of guaranteed return. My home equity will have a low rate of return ...
by letsgobobby
Fri Jul 24, 2015 11:56 pm
Forum: Investing - Theory, News & General
Topic: [Original Research] The Failure of PE Market Timing Models
Replies: 43
Views: 3080

Re: [Original Research] The Failure of PE Market Timing Models

Can you give me your allocation then? Because I haven't seen a winning tactical allocation yet. People talk about how they use valuations to "time the market" but my series of experiments failed. The only "winners" I have seen tend to cook the data and come up with too many infl...
by letsgobobby
Fri Jul 24, 2015 9:45 am
Forum: Personal Finance (Not Investing)
Topic: estate planning when giving most to charity
Replies: 12
Views: 967

Re: estate planning when giving most to charity

Seems you could save a lot of trouble and money by just opening and funding a donor advised fund now. Then on death leave everything to the DAF. Then have the successor owner, say the lawyer, distribute according to your instructions.
by letsgobobby
Thu Jul 23, 2015 1:04 pm
Forum: Personal Consumer Issues
Topic: Is there a service that will email you with each credit card purchase?
Replies: 34
Views: 2061

Re: Is there a service that will email you with each credit card purchase?

so do folks who use this service stop getting credit card receipts, then? That would be a huge paper savings and would be far easier to reconcile each charge on each statement.
by letsgobobby
Thu Jul 23, 2015 8:35 am
Forum: Investing - Theory, News & General
Topic: [Original Research] The Failure of PE Market Timing Models
Replies: 43
Views: 3080

Re: [Original Research] The Failure of PE Market Timing Models

^^^ Well, you may know that but I have no idea what you just said. I still don't understand the rebalancing. A common PE10 timing strategy would be to be 60/40 unless PE10 were over 25, in which case allocation would go to 40/60, or under 12 in which case allocation would go to 80/20. That is a very...
by letsgobobby
Thu Jul 23, 2015 2:56 am
Forum: Investing - Help with Personal Investments
Topic: Balance between saving in taxable account and retirement account? (mega backdoor version)
Replies: 13
Views: 1528

Re: Balance between saving in taxable account and retirement account? (mega backdoor version)

From what you've written I cannot gather the whole picture. For example you are in the 33% bracket suggesting a gross income of, say, $300,000, or $150,000 in the first half of the year. But you also say you don't need to spend much. How then did you spend $50,000 more than your $150,000 in only six...
by letsgobobby
Thu Jul 23, 2015 2:40 am
Forum: Investing - Theory, News & General
Topic: [Original Research] The Failure of PE Market Timing Models
Replies: 43
Views: 3080

Re: [Original Research] The Failure of PE Market Timing Models

Two concerns off the top of my head with your work.

1. I still don't know exactly what method you used for timing. What did you rebalance? How did you decide how much to rebalance?

2. Endpoints matter. How did these strategies compare in March 2009?
by letsgobobby
Thu Jul 23, 2015 1:01 am
Forum: Personal Finance (Not Investing)
Topic: Parent caught up in forex (vietnamese dong) scam... What should I do?
Replies: 44
Views: 5351

Re: Parent caught up in forex (vietnamese dong) scam... What should I do?

I wouldn't let a loved one meet these crooks face to face. Unless I had law enforcement watching my back.
by letsgobobby
Mon Jul 20, 2015 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: When an HDHP and HSA are a no-brainer
Replies: 0
Views: 267

When an HDHP and HSA are a no-brainer

Last year I deliberated taking the HDHP option or the traditional PPO option. I ended up with the HDHP. As it turns out to have been the right choice but for an unexpected reason. I was prescribed a very expensive medicine, approximately $2500 per month. However, the manufacturer of this medicine pr...
by letsgobobby
Mon Jul 20, 2015 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Investing for 23 year old aggressive investor
Replies: 19
Views: 1577

Re: Investing for 23 year old aggressive investor

Welcome to the forum :) . Do you have any other investments? Why do you say that you consider yourself an aggressive investor? What is your marginal tax bracket? Do you have any debt? If so, types, amounts, and interest rates? . . . . . In the 401k use: Vanguard Institutional Index I (a S&P 500...
by letsgobobby
Mon Jul 20, 2015 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: Investing for 23 year old aggressive investor
Replies: 19
Views: 1577

Re: Investing for 23 year old aggressive investor

Welcome to the forum.

Can you describe why you consider yourself an aggressive investor?
by letsgobobby
Mon Jul 20, 2015 8:52 am
Forum: Investing - Help with Personal Investments
Topic: Considering Life Insurance Overfund as Short-Term Investment
Replies: 18
Views: 1440

Re: Considering Life Insurance Overfund as Short-Term Investment

Why don't you just send them $16,000 on February 28, then withdraw it on March 2, then repeat annually?

:D
by letsgobobby
Mon Jul 20, 2015 1:18 am
Forum: Investing - Theory, News & General
Topic: SoFi.com - thoughts
Replies: 32
Views: 5863

Re: SoFi.com - thoughts

I didn't end up investing with SoFi. However, they are planning to go public late this year.

http://ww2.cfo.com/social-media/2015/03 ... valuation/
by letsgobobby
Sun Jul 19, 2015 9:53 am
Forum: Investing - Help with Personal Investments
Topic: How do you allocate assets in an HSA (if you don't know when you'll need the money)
Replies: 20
Views: 980

Re: How do you allocate assets in an HSA (if you don't know when you'll need the money)

Mine is 100% VSS but it is a long term retirement account, not a sinking fund for health care expenses. We pay for health care out of pocket.
by letsgobobby
Sun Jul 19, 2015 9:39 am
Forum: Personal Finance (Not Investing)
Topic: losing money on a house....how do Bogleheads deal with it emotionally?
Replies: 76
Views: 6021

Re: losing money on a house....how do Bogleheads deal with it emotionally?

Housing is my blind spot and I have shown no ability to invest in it well. Condo 1 I bought for $42k and sold 4 years later for $55k. Four years after that it was worth $120k+. I console myself by thinking of the small gain I did have, not the large gain I didn't have, and by reminding myself that I...
by letsgobobby
Sun Jul 19, 2015 8:48 am
Forum: Investing - Help with Personal Investments
Topic: How to invest the proceeds of a house sale
Replies: 3
Views: 508

Re: How to invest the proceeds of a house sale

I would think excellent Medicaid planning is in order here.
by letsgobobby
Sat Jul 18, 2015 3:41 pm
Forum: Personal Consumer Issues
Topic: Tipping at pay-first restaurants: what would you do?
Replies: 35
Views: 3293

Re: Tipping at pay-first restaurants: what would you do?

I almost never tip before eating. Afterward I might leave a dollar, but until tipping at McDonalds is expected, I won't be routinely tipping before a meal where I provide all of the wait service or at most someone buses my table.
by letsgobobby
Sat Jul 18, 2015 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Concierge Care
Replies: 36
Views: 3388

Re: Concierge Care

Sawhorse said "(I realize there are low paying specialties such as psychiatry in which case the comment about pay would not apply.)" Perhaps in your area. This source suggests they are among the best paid. http://www.doctor-salaries.com/physician-salary/psychiatrist-salary/ "Psychiat...
by letsgobobby
Fri Jul 17, 2015 9:53 pm
Forum: Investing - Theory, News & General
Topic: Wade Pfau on Asset Allocation Using PE10
Replies: 83
Views: 6022

Re: Wade Pfau on Asset Allocation Using PE10

Leeraar wrote:
As I said in another thread, if PE10 is high, expected returns are low. So, save more. Changing your AA is an inappropriate response.

L.

Why is it inappropriate?

If expected returns are lower, are risks higher? If inherent risks are higher, shouldn't I take less risk in my investments?
by letsgobobby
Fri Jul 17, 2015 12:38 am
Forum: Personal Consumer Issues
Topic: Recommended World War I book
Replies: 43
Views: 3097

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
Fri Jul 17, 2015 12:29 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 881
Views: 157934

Re: What Book Are You Currently Reading? Part VI

Mosquito Coast, Paul Theroux. Excellent, surpassed my expectations. The slow burn from eccentric inventive genius to manic, paranoid genius was well executed. Bone Clocks, David Mitchell. Halfway through. Reminds me a bit of Junot Diaz. Wild ride. Some parts are heartachingly compelling. Beauty and ...
by letsgobobby
Thu Jul 16, 2015 7:35 pm
Forum: Personal Consumer Issues
Topic: 40,000 mile service for a 2009 Honda Fit
Replies: 20
Views: 1398

Re: 40,000 mile service for a 2009 Honda Fit

Toyota required and or recommended services can be far different than what the dealer provides as its service. The dealer often will add on a bunch of services that are neither required or recommended. Look at the Toyota website and see what they recommend for this service, then price out those spec...
by letsgobobby
Thu Jul 16, 2015 10:55 am
Forum: Personal Consumer Issues
Topic: Tipping in a buffet
Replies: 26
Views: 2806

Re: Tipping in a buffet

Probably you should.

10% buffets and take out but the latter does not feel obligatory. Of course if you're in Vegas you'll get nailed with an 18% large party tip even for buffets, party over 6.
by letsgobobby
Thu Jul 16, 2015 12:01 am
Forum: Investing - Help with Personal Investments
Topic: Should I get rid of my ETTGX?
Replies: 4
Views: 337

Re: Should I get rid of my ETTGX?

Not at 33%. I have an orphan Schwab ETF. I now use it exclusively to make annual charitable contributions to our donor advised fund. I take the dividends as cash and reinvest them in my primary accounts. Occasionally I move the ETF for an account opening bonus. It's actually quite handy to have! Eac...
by letsgobobby
Wed Jul 15, 2015 11:19 pm
Forum: Investing - Theory, News & General
Topic: Where do you put your cash?
Replies: 64
Views: 7804

Re: Where do you put your cash?

Reward checking accounts at our credit unions paying 2-2.5% on the first $15,000-$20,000 each.
by letsgobobby
Wed Jul 15, 2015 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: I have a dilemma? Should I provide a concession?
Replies: 20
Views: 2798

Re: I have a dilemma? Should I provide a concession?

The other option is to pay now then sue HOA later for your damages. You should not suffer because they want to wait. You have a time line. I would let them know in writing that they pay now (perhaps some lesser amount like $4000), or you sue them later. Either way, you need to concede to the buyers....
by letsgobobby
Sun Jul 12, 2015 12:59 am
Forum: Investing - Help with Personal Investments
Topic: Weak-kneed
Replies: 22
Views: 3231

Re: Weak-kneed

I mean, seriously. Has there been even a 2% decline in your holdings? Your strategy is at EXTREMELY serious odds with your risk tolerance if a 1-2% decline makes you queasy. That isn't even a bad day in the markets; it's not even noise; it's not even volatility. It just is. The good news is you are ...
by letsgobobby
Sat Jul 11, 2015 11:30 pm
Forum: Investing - Theory, News & General
Topic: Wade Pfau on Asset Allocation Using PE10
Replies: 83
Views: 6022

Re: Wade Pfau on Asset Allocation Using PE10

Any investor who seriously considers formulaically adjusting their asset allocations based on historical CAPE 10 values would be well served to first read Nobel winner Daniel Kahneman's book, Thinking, Fast and Slow . The main theme of his book is cognitive illusions — the false beliefs that we int...
by letsgobobby
Sat Jul 11, 2015 11:58 am
Forum: Investing - Help with Personal Investments
Topic: 5 year CD @ 2.4% - a good deal?
Replies: 32
Views: 4561

Re: 5 year CD @ 2.4% - a good deal?

Are there tax free CDs? And how do they compare on an after tax basis to taxable? I don't want to move my accounts, but I'll buy tax free CDs in taxable while exchanging stable value fund to stocks in my employee accounts.
by letsgobobby
Fri Jul 10, 2015 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Whole life insurance
Replies: 10
Views: 812

Re: Whole life insurance

No it is not worth it.

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