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Re: High net worth in CA - what % of bonds in munis?

But fine, don't buy any and I will just get a better YTM when they are sold in a panic by people who don't look past the last newspaper and ignore rising state property tax revenues and declining debt ratios. It wasn't too long ago California was issuing IOUs for personal income tax refunds. Why? S...
by stan1
Sat Aug 30, 2014 12:12 am
 
Forum: Investing - Theory, News & General
Topic: High net worth in CA - what % of bonds in munis?
Replies: 21
Views: 1367

Re: High net worth in CA - what % of bonds in munis?

It's amazing how much faith people have in the CA local government. If you really looked into the issue it would make you pretty nervous. The lack of water, earthquake potential, and government malfeasance makes CA a much riskier investment. Problems exist in other places. They might be a little di...
by stan1
Fri Aug 29, 2014 9:44 pm
 
Forum: Investing - Theory, News & General
Topic: High net worth in CA - what % of bonds in munis?
Replies: 21
Views: 1367

Re: Do you mix inheritance and earned money?

I received approximately $70K from my father's life insurance in 1998. I co-mingled it with my other assets, and since then have bought a house, saved a lot more, paid off the mortgage, bought 2 cars, and gone on a few nice vacations. Having some float in a taxable account gives you lots of choices ...
by stan1
Fri Aug 29, 2014 9:40 pm
 
Forum: Personal Consumer Issues
Topic: Do you mix inheritance and earned money?
Replies: 22
Views: 1446

Re: High net worth in CA - what % of bonds in munis?

I'd be comfortable having up to 15-20% of my net worth in a Vanguard CA municipal bond fund. Maybe 25% if I had to.
by stan1
Fri Aug 29, 2014 3:57 pm
 
Forum: Investing - Theory, News & General
Topic: High net worth in CA - what % of bonds in munis?
Replies: 21
Views: 1367

Re: Trip to the Caribbean - Suggestions

Given your fiance's criteria (beaches) I'm surprised you've eliminated St. John unless you want something more developed for tourism. Since you arrive via ferry from St. Thomas its definitely as easy to get to as your local beach. Most of the island is a national park. There is a wide range of accom...
by stan1
Fri Aug 29, 2014 3:48 pm
 
Forum: Personal Consumer Issues
Topic: Trip to the Caribbean - Suggestions
Replies: 23
Views: 1097

Re: Gas station etiquette

The gas station at my local military exchange had long lines and no center lanes since they didn't build 'em that way in the 1960s, so it was always frustrating when a compact was at the front pump and a truck with extra tanks was at the rear pump. The compact would leave after a few minutes leaving...
by stan1
Thu Aug 28, 2014 5:10 pm
 
Forum: Personal Consumer Issues
Topic: Gas station etiquette
Replies: 46
Views: 2799

Re: Portfolio advice for Mom at 86 years

My mom is 81, in good health, and has similar assets. She is about 2/3 CDs and 1/3 in a balanced fund. Sure more earnings would be great, but she can't afford to take more risk. Unfortunately a number of folks who live on fixed incomes have gone to their advisors over the past 5 years and said "...
by stan1
Wed Aug 27, 2014 7:02 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice for Mom at 86 years
Replies: 23
Views: 1763

Re: Auto accident today

How much damage was done to your car?
Car repairs are amazingly expensive these days.
by stan1
Mon Aug 25, 2014 10:01 pm
 
Forum: Personal Consumer Issues
Topic: Auto accident today
Replies: 33
Views: 2552

Re: When to leave a neighborhood for greener pastures?

#YOLO. I would put the house up for sale, or convert it into a rental if you want to be a landlord.
by stan1
Mon Aug 25, 2014 9:20 pm
 
Forum: Personal Consumer Issues
Topic: When to leave a neighborhood for greener pastures?
Replies: 44
Views: 4344

Re: Bond fund in taxable account (CA resident)

I would have no qualms about putting up to about 15-20% of my asset allocation in CA Muni bond funds. Above that I would put some in a national muni fund as well. I would also be putting money into corporate/total bond market in my tax advantaged accounts.
by stan1
Mon Aug 25, 2014 9:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bond fund in taxable account (CA resident)
Replies: 14
Views: 1070

Re: Auto accident today

I had an accident in 2013 (first since 1996). It was a complicated situation but because the other guy technically had the right of way (even though he was speeding/driving unsafe for the traffic conditions) I was 100% at fault. My rates go up about $80/year for 4 years. Did not lose good driver dis...
by stan1
Mon Aug 25, 2014 8:59 pm
 
Forum: Personal Consumer Issues
Topic: Auto accident today
Replies: 33
Views: 2552

Re: Looking to buy a new car but hesistant.

Given your income is 50% based on bonus I'd be cautious about taking out a loan to pay for a car. Disclaimer: Only 4% of my compensation is bonus so for me its not much different than an extra pay check each year. I'd make sure your mortgage and basic living expenses are paid for with salary, then p...
by stan1
Mon Aug 25, 2014 3:49 pm
 
Forum: Personal Consumer Issues
Topic: Looking to buy a new car but hesistant.
Replies: 17
Views: 1597

Re: 87 Year Old Grandmother Has $600,000 In the Bank

I think she should be using some CDs rather than a savings account, but an 87 year old widow with $600K could end up needing a good chunk of that. If she had $2M I'd say she could invest some of that for her heirs -- but at $600K she's still investing for herself. Heirs can invest it how the want if...
by stan1
Sun Aug 24, 2014 4:18 am
 
Forum: Investing - Help with Personal Investments
Topic: 87 Year Old Grandmother Has $600,000 In the Bank
Replies: 42
Views: 5461

Re: I need "Ultra High Net Worth" investing advice please

Investments are part of the need, but so are estate planning, liability insurance, tax planning, charitable giving, and possibly future investments in a business you or a close family member owns. You may want to consider hiring a multi-family office firm to integrate these services as well as help ...
by stan1
Sat Aug 23, 2014 4:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 215
Views: 15265

Re: Tract Home - Things to Watch During Construction

My suggestion would be to drop off a 12 pack of beer with the builder's site foreman and walk through the house with him several times during construction including at least once right before the drywall goes up. I bought a tract house before the slab was poured in 1999. My builder encouraged buyers...
by stan1
Tue Aug 19, 2014 7:37 pm
 
Forum: Personal Consumer Issues
Topic: Tract Home - Things to Watch During Construction
Replies: 56
Views: 3164

Re: realtor advice..

Do you expect the old house to sell easily (multiple offers within two weeks)? Those types of sales are pretty straight forward, but if you expect the house to be on the market for awhile it is more important to have someone who specializes in and is physically located in the neighborhood where the ...
by stan1
Sun Aug 17, 2014 11:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: realtor [commision] advice..
Replies: 2
Views: 588

Re: Cost of an above ground pool, land prep and maintenance

Find some friends with kids the same as yours and a nice inground pool. Offer to bring them lots of food/drinks in exchange for letting the kids play. For younger kids a jacuzzi (turned off) with a bench to stand on will keep them happy for hours.
by stan1
Sun Aug 17, 2014 7:31 am
 
Forum: Personal Consumer Issues
Topic: Cost of an above ground pool, land prep and maintenance
Replies: 20
Views: 1152

Re: Torn on reits...

REITs are optional.

Since most of your money is in the TSP, and without any specifics on your situation, I'd put domestic equities and bonds in the TSP and use Total Stock Market International in the IRA.
by stan1
Sat Aug 16, 2014 10:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Torn on reits...
Replies: 2
Views: 520

Re: Help-Do I need a chip/pin card in europe?

Does anyone know about this for Denmark? Denmark is a huge problem. Hotels are fine, but you should plan to use cash at restaurants although finding ATM machines can also be hard and you will find places that do not take cash (kiosks). Everywhere you go you will need to make sure you have a way to ...
by stan1
Sat Aug 16, 2014 9:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Help-Do I need a chip/pin card in europe?
Replies: 17
Views: 1176

Re: Would you tip this tour guide?

If the tour was marketed and priced as a high end tour I would demand my money back (but would tip the driver unless the driver was also the owner -- not the drivers fault that the van could not accommodate the booked passengers comfortably). When I book tours I always ask about seating accommodatio...
by stan1
Fri Aug 15, 2014 12:01 am
 
Forum: Personal Consumer Issues
Topic: Would you tip this tour guide?
Replies: 22
Views: 2187

Re: The (un)freshness of Starbucks bakery products

I've never seen the date but it was obvious from the taste that those scones weren't fresh. I think they once were fresher but those days are gone. :oops:
by stan1
Thu Aug 14, 2014 9:21 pm
 
Forum: Personal Consumer Issues
Topic: The (un)freshness of Starbucks bakery products
Replies: 49
Views: 4468

Re: tipping a house painter?

I would hand him $40-60 in cash since he's done a good job. It does build goodwill and since you have him doing future work it will pay off. I figure its better to have good construction guys/gals on my side rather than angry or indifferent towards me. I feel the same way about my pet sitter; she ge...
by stan1
Thu Aug 14, 2014 9:17 pm
 
Forum: Personal Consumer Issues
Topic: tipping a house painter?
Replies: 13
Views: 1391

Re: Mac Airbook

If you are using the Macbook Air at home you will probably want a larger monitor, external keyboard, and full size track pad.
by stan1
Wed Aug 13, 2014 10:36 pm
 
Forum: Personal Consumer Issues
Topic: Mac Airbook
Replies: 38
Views: 3172

Re: More on Computer Security

Here's one example from 2010. new tactic hackers are using: bombarding individual and business phones with incessant calls using automated dialing programs and, while the phones are tied up, raiding bank and brokerage accounts The phone line being attacked was the victim's -- not the brokerage's. It...
by stan1
Sun Aug 10, 2014 1:42 pm
 
Forum: Personal Consumer Issues
Topic: More on Computer Security
Replies: 17
Views: 1621

Re: Need for International Investing ?

To me U.S. only investing is an active play that Ford and GM will do better than Toyota and Hyundai; that Exxon will do better than BP and Shell; that Apple will do better than Samsung and Sony; and so on. Do you believe this to be true? Why? The reason can be logical or emotional and doesn't have t...
by stan1
Sun Aug 10, 2014 11:44 am
 
Forum: Investing - Help with Personal Investments
Topic: Need for International Investing ?
Replies: 49
Views: 2620

Re: Good place to park ~$500k for house remodel/teardown?

I would probably put some of it into CA Intermediate Term TE because I wouldn't want to pay taxes in the interest earned.

So something like 50% in a 1% savings account and 50% in CA Intermediate Term TE.
by stan1
Sat Aug 09, 2014 8:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Good place to park ~$500k for house remodel/teardown?
Replies: 17
Views: 2440

Re: It won't matter if your password gets stolen

I have no plans to ever use a biometric identifier. Just imagine the problems remediating the theft and misuse of your finger, iris, or retina if biometric technologies were widely adopted. You could face hundreds or thousands of hours convincing credit agencies and governments that your identity w...
by stan1
Sat Aug 09, 2014 4:04 pm
 
Forum: Personal Consumer Issues
Topic: It won't matter if your password gets stolen
Replies: 20
Views: 2383

Re: It won't matter if your password gets stolen

I have no plans to ever use a biometric identifier. Just imagine the problems remediating the theft and misuse of your finger, iris, or retina if biometric technologies were widely adopted. You could face hundreds or thousands of hours convincing credit agencies and governments that your identity wa...
by stan1
Sat Aug 09, 2014 3:51 pm
 
Forum: Personal Consumer Issues
Topic: It won't matter if your password gets stolen
Replies: 20
Views: 2383

Re: BOA Cash Back Credit Card?

You might also want to think about the 3% gas BofA card and an Amazon Visa, which gives 3% at Amazon and 2% at restaurants, drug stores, gas stations; and 1% everywhere else.
by stan1
Sat Aug 09, 2014 1:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: BOA Cash Back Credit Card?
Replies: 2
Views: 466

Re: Will global entry or TSA Precheck help me?

I applied for Global entry, I was conditionally approved and I was able to get an interview scheduled in Twin Cities MN later this month. So wait times are not too bad in MN. Hopefully the combination of a redress number and a known traveler number (Global Entry) will improve your situation. Good l...
by stan1
Sat Aug 09, 2014 11:06 am
 
Forum: Personal Consumer Issues
Topic: Will global entry or TSA Precheck help me?
Replies: 27
Views: 1699

Re: Your opinion of mint.com

I use it for credit cards and my daily expense checking account (never more than $5K balance). I use the Mint application for OS X which puts a small icon in the menu bar on my Mac. With one click I can see a list of the most recent transactions on my card. I use this to watch for fraudulent activit...
by stan1
Thu Aug 07, 2014 6:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Your opinion of mint.com
Replies: 38
Views: 3000

Re: Buy a house with cash and then do cash-out refinance?

Yes, in a seller's market this sometimes helps if the seller is looking for a quick/low risk escrow. However a 50% cash offer is still very strong especially if the house is pushing up into the $1M range where most people with good incomes won't have the liquidity to make an all cash offer. However ...
by stan1
Thu Aug 07, 2014 6:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Buy a house with cash and then do cash-out refinance?
Replies: 18
Views: 2280

Re: Will global entry or TSA Precheck help me?

FIrst, do you have a redress number? I think that's the most important thing you need. http://www.dhs.gov/dhs-trip You can enter the redress number on airline websites (in your profile or at time of booking). I know someone named Robert Smith. He got pulled aside every time he flew but now that he h...
by stan1
Mon Aug 04, 2014 9:00 pm
 
Forum: Personal Consumer Issues
Topic: Will global entry or TSA Precheck help me?
Replies: 27
Views: 1699

Re: Caring for Parents

A CD ladder would work and should give you slightly higher yields for money that you don't expect to need within the next 12 months. I'd probably put something like $5K into a checking account, $95K into a "high yield" savings account, and the remainder ($140K) into 3 and 5 year CDs. She d...
by stan1
Sun Aug 03, 2014 9:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Caring for Parents
Replies: 4
Views: 536

Re: Lower Expense Ratio vs. Better Diversification

What do you have in your IRA accounts? I'd try to put bonds and international there if I could and put domestic equity in the 401K (80% S&P 500, 20% DFSTX). For the perfectionists: yes, there is a gap of mid cap companies between the S&P 500 index and DFSTX that would not be included but tha...
by stan1
Sat Aug 02, 2014 8:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Lower Expense Ratio vs. Better Diversification
Replies: 9
Views: 878

Re: Drought Management

We've always been very water efficient in most ways but one action we did take was to remove lawn and replace with a high quality artificial turf. The neighbors say it looks better than their lawns. This helps in our city in two ways: reduced water usage and reduced sewage fees since sewage fees are...
by stan1
Sat Aug 02, 2014 8:41 pm
 
Forum: Personal Consumer Issues
Topic: Drought Management
Replies: 60
Views: 3040

Re: How often do you replace bath towels?

The only thing we've ever purchased from Frontgate were a batch of thick towels (now 10+ years ago). We bought 8 body towels plus some hand towels and washcloths (with a cringe and a sigh as this was a lot of moeny), but they have held up pretty well. Now that the price of cotton has gone up signifi...
by stan1
Sat Aug 02, 2014 6:59 pm
 
Forum: Personal Consumer Issues
Topic: How often do you replace bath towels?
Replies: 50
Views: 3745

Re: Help With Employment Process

Can she call some of her former bosses or coworkers and ask if they know of any openings? Networking is one of the best ways to get a job.
by stan1
Sat Aug 02, 2014 6:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help With Employment Process
Replies: 4
Views: 464

Re: Missing TSP Contribution?

Update: the missing TSP contributions finally showed up, 5 days late. Now, it gets interesting. I got paid yesterday and checked TSP today. My own contributions are there, but my agencies' are not. This is the first time I've seen this happen in 5 years. I could be reading more into this than there...
by stan1
Sat Aug 02, 2014 6:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Missing TSP Contribution?
Replies: 13
Views: 1886

Re: Rent or buy a home - area specific?

The New York Times has a calculator at: http://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html?_r=0 You have to enter in some assumptions such as rate at which house prices will go up, rate at which rents will go up, inflation, and investment returns which make it work anywhere -- b...
by stan1
Sat Aug 02, 2014 6:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rent or buy a home - area specific?
Replies: 2
Views: 397

Re: Too many goals - where do I start?

Dave Ramsey's advice is a good starting point: 1 1,000 to start an emergency fund 2 Pay off all non-mortgage debt using the debt snowball 3 Three to six months expenses in savings 4 Invest 15% of household income in Roth IRAs and pre-tax retirement accounts 5 College funding for children 6 Pay off ...
by stan1
Sat Aug 02, 2014 12:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Too many goals - where do I start?
Replies: 53
Views: 3890

Re: Too many goals - where do I start?

Build up your emergency fund so that it has 6 months of expenses (especially important when a lot of your monthly income goes towards making payments on loans). Then pay off the personal loan (yes, I'd do that before you pay off other loans with higher interest rates). Repair your husbands car as lo...
by stan1
Sat Aug 02, 2014 12:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Too many goals - where do I start?
Replies: 53
Views: 3890

Re: Can't decide final New Construction Option for Master Ba

I think Im leaning towards the standard option. Every upgrade seems to be in addition to not in replacement of therefore Im paying for the base option already plus I'd be paying a marked up price for the upgraded option. As long as you can live with your choice for the time you live in the house. I...
by stan1
Fri Aug 01, 2014 12:54 pm
 
Forum: Personal Consumer Issues
Topic: Can't decide final New Construction Option for Master Bath
Replies: 16
Views: 983

Re: TSP G Fund as Emergency Fund?

Would the TSP G Fund in my 401k be a superior substitute to CDs or I-bonds for the second (less liquid) tier of my emergency fund? The G Fund's investment objective is to produce a rate of return that is higher than inflation while avoiding exposure to credit (default) risk and market price fluctua...
by stan1
Fri Aug 01, 2014 8:47 am
 
Forum: Investing - Help with Personal Investments
Topic: TSP G Fund as Emergency Fund?
Replies: 6
Views: 652

Re: Can't decide final New Construction Option for Master Ba

OP, I would look at your budget closely and see if the builder offers tile upgrades. My experience is that most most mass tract builders will let you choose tile (if you haven't passed their cut-off deadline). When we had our house built by a tract builder (Brookfield) 15 years ago we put tile high ...
by stan1
Fri Aug 01, 2014 7:16 am
 
Forum: Personal Consumer Issues
Topic: Can't decide final New Construction Option for Master Bath
Replies: 16
Views: 983

Re: Can't decide final New Construction Option for Master Ba

Where I live a bathroom without a tub will count as a 3/4 bath -- not a full bath. I would go with the separate tub and shower -- even if the tub is rarely used. I have a 48x48 window in my bathroom. We put in shutters that can be left closed half way while open at the top which lets a lot of light ...
by stan1
Fri Aug 01, 2014 12:05 am
 
Forum: Personal Consumer Issues
Topic: Can't decide final New Construction Option for Master Bath
Replies: 16
Views: 983

Re: Home Appraisal

For an appraisal part of what they are looking at is whether the house is intact: is the kitchen and bath(s) intact? is there flooring? are there walls missing/unfinished? Is the house flooded/water damaged? These are more important to the lender than whether you have Grohe faucets, wainscoting, or ...
by stan1
Wed Jul 30, 2014 9:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home Appraisal
Replies: 20
Views: 1489

Re: Help with a new $5m portfolio for an old lady

2% return on $5M is $100K/year (not even counting SS). You can easily get this with FDIC insured CDs.

In addition she could earn 0% and withdraw $100K/year from her mattress for the next 50 years until she is 132.

Party on -- I hope I am healthy enough to live life large at age 82 on $100K/year!
by stan1
Tue Jul 29, 2014 9:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with a new $5m portfolio for an old lady
Replies: 59
Views: 4474

Re: Which is King: Income Stream or $ Invested

bigez17 wrote:Example: would you rather have $4 million invested or guaranteed (I.e. Pension, fixed annuity, etc) of $160,000/year?


I'd rather have a half of each: $2m invested and $80K/year annuity/pension.
by stan1
Tue Jul 29, 2014 3:42 pm
 
Forum: Investing - Theory, News & General
Topic: Which is King: Income Stream or $ Invested
Replies: 52
Views: 4583

Re: Bathroom remodel, cost per square foot

You should get a second quote You might be in one of these situations: 1) Very skilled contractor who can charge a premium because he always has work available based on strong recommendations/repeat customers. 2) Contractor does not want to do the work for some reason and has given you a high bid ho...
by stan1
Mon Jul 28, 2014 10:33 pm
 
Forum: Personal Consumer Issues
Topic: Bathroom remodel, cost per square foot
Replies: 22
Views: 2230
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