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Re: First investment strategy meeting with new FA, $6M trust

jbrinker wrote: I have known this guy for years.

Be very, very careful with this. This is what gets investors in trouble every time. "My financial adviser would never do that to me". It's funny, they all end up saying the same thing. "I can't believe my financial adviser did that to me".
by meowcat
Fri Oct 17, 2014 4:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4511

Re: What happened to the audiophile?[High quality music sour

An original master recording of Pink Floyd's Dark Side of the Moon on vinyl played on a high end two channel system simply cannot be replicated digitally, period. Audiophile, here, 35 years.
by meowcat
Thu Oct 16, 2014 4:11 pm
 
Forum: Personal Consumer Issues
Topic: What happened to the audiophile?[High quality music sources]
Replies: 71
Views: 3689

Re: Why are 401k plans expensive?

Too many hands in the cookie jar.
by meowcat
Thu Oct 16, 2014 3:24 pm
 
Forum: Investing - Theory, News & General
Topic: Why are 401k plans expensive?
Replies: 39
Views: 2993

Re: Leaving a legacy

The issue is simple, really. If you really want to make sure your kids are taken care of, there's no problem with you leaving them your estate. Just do it prudently with a scheduled payout with stipulations. 1. No lump sum payout 2. They must remain gainfully employed 3. They must save a minimum of ...
by meowcat
Fri Oct 03, 2014 8:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Leaving a legacy
Replies: 63
Views: 4029

Re: Going forward

Hello all! I questioned him more about the fees and investment strategy, and he said that over the long run these funds have done better than the vanguard style of passive investing despite what the studies show and that even with the fees, he would "blow them (passively managed) out of the wa...
by meowcat
Wed Sep 24, 2014 3:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Going forward
Replies: 7
Views: 836

Re: Anyone have a house with a pool?

We live in the Fort Lauderdale area where it's difficult to buy or sell a house without a pool. A pool is almost mandatory, here. There is no opening or closing of pools, here, so the pump runs about 8 hours a day, year round. Our 15,000 gallon pool costs us about $40 in electricity a month. Our poo...
by meowcat
Thu Sep 11, 2014 9:21 am
 
Forum: Personal Consumer Issues
Topic: Anyone have a house with a pool?
Replies: 32
Views: 2450

Re: Weather

Hurricanes Not for me better than earthquakes. :happy We live in Coral Springs, Fl, which is pretty much nowhere near the coast. We pay about $1,000/month just for property tax and insurance. We've been in the 2,500 square foot house since 2001. If you live anywhere east of I-95 your insurance will...
by meowcat
Wed Sep 10, 2014 3:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fort Lauderdale area: need real estate advice
Replies: 8
Views: 863

Re: How much value can an advisor add for the average invest

HardKnocker wrote:
meowcat wrote:If you searched and searched and couldn't find anyone that would wash your car for less than $5,000 wouldn't you just learn how to do it yourself?


Some people would just drive around in a dirty car. :wink:
Yup, that would be a very large part of the population that has no savings.
by meowcat
Wed Sep 10, 2014 7:55 am
 
Forum: Investing - Theory, News & General
Topic: How much value can an advisor add for the average investor?
Replies: 71
Views: 5014

Re: How much value can an advisor add for the average invest

If you searched and searched and couldn't find anyone that would wash your car for less than $5,000 wouldn't you just learn how to do it yourself?
by meowcat
Wed Sep 10, 2014 7:18 am
 
Forum: Investing - Theory, News & General
Topic: How much value can an advisor add for the average investor?
Replies: 71
Views: 5014

Re: The daddy of all grill islands

I discovered a new trend in grilling; infrared. The Rolls Royce of infrared grills is TEC, although hugely expensive. Saber would be my next choice, followed by Solaire or Napoleon.
by meowcat
Mon Sep 08, 2014 4:26 pm
 
Forum: Personal Consumer Issues
Topic: The daddy of all grill islands
Replies: 35
Views: 2813

Re: Why does the stock market "always go up"? Will this pers

Why are we so confident that the Boglehead strategy of passive, index-fund investment will always be the way to go? Couldn't...anything happen? We don't know that passive investing will always be the way to go. Nobody can predict the future. What we do know is that passive investing gives us the be...
by meowcat
Mon Sep 08, 2014 6:44 am
 
Forum: Investing - Theory, News & General
Topic: Why does the stock market "always go up"? Will this persist?
Replies: 42
Views: 3873

Re: Induction Range Worth the Price?

Smooth top ranges look nice if they are well maintained and not abused. There are some cautions you need to follow with them. 1. Any spills should be cleaned up ASAP so things don't cook onto the surface. There are special polishes available for this purpose. Be extra careful not to get plastic wra...
by meowcat
Fri Aug 29, 2014 8:39 am
 
Forum: Personal Consumer Issues
Topic: Induction Range Worth the Price?
Replies: 14
Views: 1161

Re: vacation destinations similar to Savannah or Charleston

Been to Key West? It's one of my favorite places. They want good food and quaint shopping. Not much good food in Key West and the shopping is mostly t-shirts. Very pricey also. Gill Have to agree. As much as I love Key West it is not at all similar to Savannah or Charleston. I would say there is a ...
by meowcat
Wed Aug 27, 2014 9:31 am
 
Forum: Personal Consumer Issues
Topic: vacation destinations similar to Savannah or Charleston SC
Replies: 24
Views: 1594

Re: Do you tip on the tax?

I tip on the entire bill. My wife and I are considered big tippers. Our standard good service tip is 20%. However, we almost always round up a dollar or two. If the tip comes out to $36 or $37 and the service was good, we'll leave $40. If the service was above and beyond, we'll go much higher.
by meowcat
Fri Aug 22, 2014 11:01 am
 
Forum: Personal Consumer Issues
Topic: Do you tip on the tax? [Restaurants]
Replies: 124
Views: 5273

Re: POLL: Breaking up with advisor

In the beginning, it mostly sounds like this:

"My financial adviser would never do that to me."

But in the end, it almost always sounds like this:

"I can't believe my financial adviser did that to me!"
by meowcat
Tue Aug 19, 2014 6:31 am
 
Forum: Investing - Help with Personal Investments
Topic: POLL: Breaking up with advisor
Replies: 47
Views: 3274

Re: Lexus ES 350 versus Hyundai Genesis

I have a 2012 ES350. It's a good car. Reliable, quiet, buttery smooth. The problem with the car is that it's the sleepiest car I've ever owned. Boring, numb, sterile. The car doesn't even pretend to have even just a little bit of nimbleness. The suspension is too soft and all I want to do when I dri...
by meowcat
Thu Aug 07, 2014 7:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Lexus ES 350 versus Hyundai Genesis
Replies: 18
Views: 3623

Re: ? Best simple reference to dissuade a day trader

The bottom of the ocean is littered with sunken day trading ships. Very few remain afloat even after a very short period of time. I do not believe there are many long term day trading ships afloat.
by meowcat
Sat Aug 02, 2014 1:00 pm
 
Forum: Investing - Theory, News & General
Topic: ? Best simple reference to dissuade a day trader
Replies: 67
Views: 4525

Re: Please help me fight for index funds!

There's strength in numbers. Get the entire workforce involved. Going head to head one on one is not going to be productive. If the whole workforce started complaining, you'd probably get somewhere.
by meowcat
Tue Jul 29, 2014 4:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Please help me fight for index funds!
Replies: 37
Views: 2594

Re: 2 days in San Francisco

Enjoy an Irish coffee at the world famous Buena Vista.
Ride a cable car.
Visit Ghirardelli Square
Go to the top of Coit Tower
Take drive down Lombard Street
Have a cocktail at the top of the Hyatt. (The Equinox)
Walk around Pier 39
Visit the Palace of Fine Arts
by meowcat
Fri Jul 18, 2014 3:36 pm
 
Forum: Personal Consumer Issues
Topic: 2 days in San Francisco
Replies: 25
Views: 1756

Re: What To Do During A Correction In Stocks?

In 2008/2009 when the financial crisis shaved nearly 50% from stocks, there were many investors that couldn't handle the downfall and saw nothing but doom and gloom looking forward. They sold at, or near the bottom and never reentered the game. These same investors will be punishing themselves for t...
by meowcat
Wed Jul 16, 2014 7:47 am
 
Forum: Investing - Help with Personal Investments
Topic: What To Do During A Correction In Stocks?
Replies: 31
Views: 3896

Re: Kitchen Remodel - Appliance Brand/Model Recommendations

We remodeled our kitchen about eight years ago using all Kitchen aid SS appliances. I have to say, I will never buy Kitchen Aid again. We've had problems with all of them except our dishwasher. My sister, also, has all Kitchen Aid appliances and she's had problems with all of hers, as well. Whirlpoo...
by meowcat
Tue Jul 08, 2014 10:28 am
 
Forum: Personal Consumer Issues
Topic: Kitchen Remodel - Appliance Brand/Model Recommendations
Replies: 49
Views: 3998

Re: POLL: How Old is Your Newest Motor Vehicle? -- REVISED

I work for a Lexus dealer so I get a pretty healthy subsidy to lease a new Lexus. It's actually less than $100/mo out of pocket. DW drives that one. I drive a 12 year old Honda Accord with 156k miles on it. I don't mind driving it it, it's reliable, economical, and it's been paid for for years.
by meowcat
Tue Jul 08, 2014 9:14 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: How Old is Your Newest Motor Vehicle? -- REVISED
Replies: 51
Views: 3152

Re: Re-hired at firm, given incorrect 401k info

What, exactly, are you entitled to? You didn't/couldn't contribute to you plan for six months. Your employer misinformed you and you lost out on six months of contributions. Your employer owes you 4% of what? Why would they give you anything when you contributed nothing, even if they misinformed you...
by meowcat
Thu Jul 03, 2014 10:01 am
 
Forum: Investing - Help with Personal Investments
Topic: Re-hired at firm, given incorrect 401k info
Replies: 27
Views: 2369

Re: Indexing in theory and practice

mrwheelerdealer wrote:Ive been investing with a broker for years now. His style is to analyze and buy individual small cap value stocks ( portfolio of about 7-10 stocks)

mrwheelerdealer wrote:
As an aside, I personally index my own money,


Did I miss something, here?
by meowcat
Tue Jun 24, 2014 4:07 pm
 
Forum: Investing - Theory, News & General
Topic: Indexing in theory and practice
Replies: 28
Views: 1539

Re: Expense Ratio - what's too high?

I posted this in an earlier thread.

Downright cheap (almost free) .02% (TSP)
Bargain .07%
good deal .10%
fair .20%
getting pricy .50%
expensive .75%
rip-off 1.0%
outrageous 1.25%
astronomical 1.5%
over the top ridiculous 1.75%
Completely criminal 2.0%
by meowcat
Thu Jun 19, 2014 7:12 am
 
Forum: Investing - Theory, News & General
Topic: Expense Ratio - what's too high?
Replies: 33
Views: 2969

Re: Retirees: Equity holdings of 90%+

I'm 50 and still riding the 100% equity roller coaster. I've never regretted it for a minute. I sleep well at night. I can't imagine how many investors will be punishing themselves for the rest of their lives for bailing out at the bottom of 2008/2009. These same investors now know that had they sta...
by meowcat
Wed Jun 18, 2014 2:59 pm
 
Forum: Investing - Theory, News & General
Topic: Retirees: Equity holdings of 90%+
Replies: 14
Views: 1636

Re: Insider Trading & Bogleheads

Okay, please clear something up for me. Perhaps it's me and my misunderstanding of the term "insider trading". In my mind there is a huge difference between "insider trading" and "trading on inside information". Insider trading : Top executives buying or selling large b...
by meowcat
Wed Jun 18, 2014 9:43 am
 
Forum: Investing - Theory, News & General
Topic: Insider Trading & Bogleheads
Replies: 26
Views: 1822

Re: Risk of rolling IRA into Transamerica 401k?

Transamerica is first, and foremost, an insurance company. In my opinion, insurance companies do not make good investment companies. My 401(k) is with John Hancock (another insurance company) and I hate it. Fees are high because when you invest with an insurance company, more often than not you cash...
by meowcat
Wed Jun 18, 2014 7:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Risk of rolling IRA into Transamerica 401k?
Replies: 10
Views: 710

Re: Very new to stocks

The Wizard wrote:Skip eTrade; we don't usually recommend buying individual stocks here.
Instead, go to Vanguard and invest the whole $10K in their Total Stock Market index fund...

+1.
Quit looking for the needle in the haystack, just buy the whole haystack, you'll be better off.
by meowcat
Sat Jun 14, 2014 8:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Very new to stocks
Replies: 11
Views: 574

Re: "5 myths and misconceptions about indexing"

I'll take average, it beats below average, especially considering we can't all be above average.Average is even better when you do better than average when you take into account taxes and expenses John When it comes to indexing, I'm often offended when, indexers themselves, refer to their returns a...
by meowcat
Wed Jun 11, 2014 4:30 pm
 
Forum: Investing - Theory, News & General
Topic: "5 myths and misconceptions about indexing"
Replies: 6
Views: 1771

Re: Keeping up with the neighbors and Balance

To me, granite countertops and stainless steel appliances are the avocado refrigerators of years past. I somewhat agree. They're still big sellers but it can't last forever. It does look nice and updated but... Then what are the new and improved counterparts, in your opinion? There are stone counte...
by meowcat
Wed Jun 04, 2014 8:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Keeping up with the neighbors and Balance
Replies: 95
Views: 10580

Re: Favorite guitarist...

My all time favorite is Russ Freeman. Second runner up, Lee Ritenour. 3rd in line, Earl Klugh. I'm also a big Walter Becker fan.
by meowcat
Tue Jun 03, 2014 2:44 pm
 
Forum: Personal Consumer Issues
Topic: Favorite guitarist...
Replies: 207
Views: 21269

Re: Teaching Personal Finance next year... what to include?

Continuously drive home the concept of "spend less than you earn".
by meowcat
Tue Jun 03, 2014 1:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Teaching Personal Finance next year... what to include?
Replies: 51
Views: 2620

Re: Living in or near San Diego

I currently live in South Florida but I was borne and raised in San Diego. Pros: Beautiful waterfront city Excellent climate Close proximity to everything World famous zoo Wonderful boating community No end to fine dining Incredible amount of Spanish history Cons: Expensive as all getup Dry, brown, ...
by meowcat
Tue Jun 03, 2014 10:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Living in or near San Diego
Replies: 17
Views: 1828

Re: LPL financial planner cost

If you stick with this guy, he'll end up with more of your money than you will.....guaranteed!
by meowcat
Tue May 20, 2014 7:26 am
 
Forum: Investing - Help with Personal Investments
Topic: LPL financial planner cost
Replies: 35
Views: 1774

Re: why do investors keep buying actively managed funds?

They are middle of the road performers. Not the best, not the worst. The truth is you don't need to be the best. Just decent. Decent is all it takes. I've never agreed with this analogy of indexing. "Average" just doesn't cut it for me. Consistent, long term market returns finish in the t...
by meowcat
Fri May 16, 2014 5:10 pm
 
Forum: Investing - Theory, News & General
Topic: why do investors keep buying actively managed funds?
Replies: 104
Views: 7475

Re: why do investors keep buying actively managed funds?

"Why do investors keep buying actively managed funds? I think in hopes of outperformance,of course as we all know,,,Past Performance is ,,,,,,,you know the rest :happy http://i57.tinypic.com/verdqg.png Bingo!! With index funds, there is no hope of riches. At least with active funds, the hope i...
by meowcat
Thu May 15, 2014 3:39 pm
 
Forum: Investing - Theory, News & General
Topic: why do investors keep buying actively managed funds?
Replies: 104
Views: 7475

Re: Confused on how my plan displays performance results/fee

gtt561, the odds are great that MFS will under perform the SP500 over the next 10 years. This is the entire premise behind Boglehead investing. Actively managed funds such as MFS just can't outperform the market, long term. You'll find funds that outperform from year to year but these same funds rar...
by meowcat
Thu May 15, 2014 7:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Confused on how my plan displays performance results/fees
Replies: 8
Views: 481

Re: I like the investment strategy , not really the lifestyl

An easy fairly painless way to save is to save half your payraises. If you're 30 and making $40k a year, and spending $40k a year, and someone tells you, "You should be saving 15%! Start saving $6000 now!", you're going to think that's impossible... Where are you going to find $6000 a yea...
by meowcat
Fri May 09, 2014 4:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: I like the investment strategy , not really the lifestyle
Replies: 67
Views: 6738

Re: I like the investment strategy , not really the lifestyl

"Although some sacrifices made today may seem spartan, it's nothing compared to being old and broke, which is where you're headed if you can't save."

William Bernstein - If You Can
by meowcat
Fri May 09, 2014 11:06 am
 
Forum: Personal Finance (Not Investing)
Topic: I like the investment strategy , not really the lifestyle
Replies: 67
Views: 6738

Re: CNBC - 4% doctors are millionaires!!

You have to spend like a doctor when you are a doctor. Big house in preferred area, expensive cars, private schools for the kids, country club dues, landscapers, expensive vacations, wife's wardrobe, entertaining expenses, etc. Why do you have to? Because society says so. Look around you, it's how ...
by meowcat
Fri May 09, 2014 10:45 am
 
Forum: Personal Finance (Not Investing)
Topic: CNBC - [Among millionaires, 4% are doctors]
Replies: 100
Views: 11187

Re: Good advice for Millennial Bogleheads

Excellent! I especially liked #1
by meowcat
Fri May 09, 2014 7:47 am
 
Forum: Investing - Theory, News & General
Topic: Good advice for Millennial Bogleheads
Replies: 1
Views: 860

Re: "The Simplest Wealth Plan Ever"

I thought "If You Can" was a masterpiece. Simple to read and understand and it really drives home the core concept of the booklet, which is:

Hurdle# 1. People spend too much money.
by meowcat
Thu May 08, 2014 8:34 am
 
Forum: Investing - Theory, News & General
Topic: "The Simplest Wealth Plan Ever"
Replies: 26
Views: 4734

Re: Expense Ratios

Downright cheap (almost free) .02% (TSP)
Bargain .07%
good deal .10%
fair .20%
getting pricy .50%
expensive .75%
rip-off 1.0%
outrageous 1.25%
astronomical 1.5%
over the top ridiculous 1.75%
Completely criminal 2.0%
by meowcat
Mon May 05, 2014 1:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Expense Ratios
Replies: 22
Views: 1545

Re: Deciding whether to annuitize

One of the largest risks retirees face is running out of money. An annuity puts that fear to rest. It places that risk on the insurance company. If you're not quite sure if you'll have enough and face the real fear of running out, you are a perfect candidate for an annuity.
by meowcat
Sat May 03, 2014 9:01 am
 
Forum: Investing - Theory, News & General
Topic: Deciding whether to annuitize
Replies: 14
Views: 1003

Re: Advice on picking a financial advisor

I have an extra $1000 per month I want to take $200 and put it in an IRA and $800 would go towards my debt . I am 35 you guys are suggesting I put the full amount $1000 to my debt till my cc car and SL are paid off. If I do that I don't start saving for my retirement till I am about 40-45 . Does th...
by meowcat
Fri May 02, 2014 4:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice on picking a financial advisor
Replies: 36
Views: 2168

Re: Bogle Baptism

Realize that you hold in your hands the most valuable commodity known in the investing world, and that is time. You have the opportunity right now, with very little effort, I might add, to become very wealthy in retirement. It's hard to think about when you're 19 but at that age, if you start now, y...
by meowcat
Sat Apr 26, 2014 9:48 am
 
Forum: Investing - Help with Personal Investments
Topic: Bogle Baptism
Replies: 32
Views: 3435

Re: Poll: Would you EVER recommend 100% equity?

I'll be 51 in June, this year. My portfolio remains at 100% equity. It was at 100% during the 2000 tech crash and has remained 100% during the 2008/2009 financial crisis. I never wavered. I slept well at night and never once even considered a sell off. Does that make me a good investor? No. Stupid? ...
by meowcat
Fri Apr 25, 2014 9:16 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Would you EVER recommend 100% equity?
Replies: 136
Views: 27095

Re: 401k Benchmarks

Have you looked at Brightscope.com?
by meowcat
Fri Apr 25, 2014 3:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401k Benchmarks
Replies: 27
Views: 6022
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