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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 swaption
Fri Sep 12, 2014 6:06 pm
 
Forum: Investing - Theory, News & General
Topic: Angry when stock market is down
Replies: 79
Views: 3731

Re: Angry when stock market is down

I work in a very volatile environment. Every day, I show up and ask the crowd what they think of me. On some days, they tell me I'm a loser and my decisions will inevitably lead to failure and the collective lack of respect from the world at large. On other days, they proclaim me a wise man that wil...
by swaption
Fri Sep 12, 2014 1:29 pm
 
Forum: Investing - Theory, News & General
Topic: Angry when stock market is down
Replies: 79
Views: 3731

Re: Rental rate of return

I tell you, there is a Boglehead joke in here somewhere. Something like "How would a Boglehead value a company? He would give you a long speech about how it is waste of time and then recommend you read a book." In this case the annual cash flows are -$18,600, -$17,800, -$16,000, -$15,200,...
by swaption
Fri Sep 12, 2014 11:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Rental rate of return
Replies: 17
Views: 1273

Re: Neighborhood kid around 13 throwing rocks at my house

Criminal defense lawyer here: Please don't call the police. A charge, even a misdemeanor one like trespassing or criminal mischief, can have lifetime consequences for a kid who is probably just bored. Approach him directly and firmly and say, "Hey kid, I know you're throwing rocks at my house....
by swaption
Fri Sep 12, 2014 10:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Neighborhood kid around 13 throwing rocks at my house
Replies: 55
Views: 2938

Re: Rental rate of return

I tell you, there is a Boglehead joke in here somewhere. Something like "How would a Boglehead value a company? He would give you a long speech about how it is waste of time and then recommend you read a book." In this case the annual cash flows are -$18,600, -$17,800, -$16,000, -$15,200,...
by swaption
Fri Sep 12, 2014 10:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Rental rate of return
Replies: 17
Views: 1273

Re: Rental rate of return

I tell you, there is a Boglehead joke in here somewhere. Something like "How would a Boglehead value a company? He would give you a long speech about how it is waste of time and then recommend you read a book." In this case the annual cash flows are -$18,600, -$17,800, -$16,000, -$15,200, ...
by swaption
Fri Sep 12, 2014 9:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Rental rate of return
Replies: 17
Views: 1273

Re: Rental rate of return

Easiest way is to assume you sell the property at the end of year 6. You can assume $100k or whatever. Then you just do a simple IRR using the actual cash flow.
by swaption
Thu Sep 11, 2014 8:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rental rate of return
Replies: 17
Views: 1273

Re: The Inner Game of Tennis and Investing

Lifetime tennis player here, even now in my 50’s enjoying the game and pushing myself. Currently reading W. Timothy Gallwey’s (now updated) classic The Inner Game of Tennis. Essentially, the book centers around a Self 1 and a Self 2 approach. At the risk of paraphrasing, the Self 1 tends to try and...
by swaption
Wed Sep 10, 2014 3:20 pm
 
Forum: Investing - Theory, News & General
Topic: The Inner Game of Tennis and Investing
Replies: 7
Views: 631

The Inner Game of Tennis and Investing

Lifetime tennis player here, even now in my 50’s enjoying the game and pushing myself. Currently reading W. Timothy Gallwey’s (now updated) classic The Inner Game of Tennis. Essentially, the book centers around a Self 1 and a Self 2 approach. At the risk of paraphrasing, the Self 1 tends to try and ...
by swaption
Wed Sep 10, 2014 12:35 pm
 
Forum: Investing - Theory, News & General
Topic: The Inner Game of Tennis and Investing
Replies: 7
Views: 631

Re: relo property and "illegal" partially finished basement

Not surprised to see the requisite indignation on something like this "illegal" basement. But let me share my view from here in NY. Was the basement included in the square footage of the listed house? My guess would be no. Standard operating procedure in my neck of the woods is that finis...
by swaption
Fri Sep 05, 2014 10:22 am
 
Forum: Personal Finance (Not Investing)
Topic: relo property and "illegal" partially finished basement
Replies: 23
Views: 1283

Re: relo property and "illegal" partially finished basement

Not surprised to see the requisite indignation on something like this "illegal" basement. But let me share my view from here in NY. Was the basement included in the square footage of the listed house? My guess would be no. Standard operating procedure in my neck of the woods is that finish...
by swaption
Fri Sep 05, 2014 9:35 am
 
Forum: Personal Finance (Not Investing)
Topic: relo property and "illegal" partially finished basement
Replies: 23
Views: 1283

Re: Holding Cash because Tried to time Market

What I meant was that I can't take the risk of not investment in the market. I know many wealthy individuals who can live on their assets indefinitely (or will eventually inherit money that savings are not an issue). While everyone wants more money, these individuals see the market as more of a gam...
by swaption
Thu Sep 04, 2014 5:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Holding Cash because Tried to time Market
Replies: 28
Views: 1752

Re: Fantasy football debt owed

I am the commissioner in my league and I think this is the 14th season. All good friends going back more than 30 years. I now do beginning of year collection. In the past, when I collected at the end, I would not disburse funds until all checks were in. Having said that, in this case I would suggest...
by swaption
Tue Sep 02, 2014 3:00 pm
 
Forum: Personal Consumer Issues
Topic: Fantasy football debt owed
Replies: 27
Views: 1963

Re: Trip to the Caribbean - Suggestions

I'll chime in with a couple good points about my home Island of Aruba - it's very easy to get around, and it is VERY safe, especially compared to the rest of the Caribbean Natalee Holloway. +1. I am kind of shocked that the normally level-headed and evidence-based members of this forum are worried ...
by swaption
Sun Aug 31, 2014 8:36 am
 
Forum: Personal Consumer Issues
Topic: Trip to the Caribbean - Suggestions
Replies: 39
Views: 2585

Re: The Worst Investment You Can Make: Buying a Home

To me it is like setting your alarm clock ahead to "trick" yourself into getting up early; just a behavioral gimmick that only works if somehow you pretend to forget you did it. :happy But honestly Rodc, I think your creative efforts are being put to waste here. At this point on this topi...
by swaption
Fri Aug 29, 2014 12:21 pm
 
Forum: Investing - Theory, News & General
Topic: The Worst Investment You Can Make: Buying a Home
Replies: 135
Views: 16037

Re: The Worst Investment You Can Make: Buying a Home

This statement is where I disagree with you. At the time of a disaster you just don't know. The knowledge you gain in 13 years after the disaster is not relevant at the point when you live the disaster. In the fall of 2001, Lower Manhattan was devastated physically, financially, and emotionally. Th...
by swaption
Tue Aug 26, 2014 2:21 pm
 
Forum: Investing - Theory, News & General
Topic: The Worst Investment You Can Make: Buying a Home
Replies: 135
Views: 16037

Re: The Worst Investment You Can Make: Buying a Home

This statement is where I disagree with you. At the time of a disaster you just don't know. The knowledge you gain in 13 years after the disaster is not relevant at the point when you live the disaster. In the fall of 2001, Lower Manhattan was devastated physically, financially, and emotionally. Th...
by swaption
Tue Aug 26, 2014 11:01 am
 
Forum: Investing - Theory, News & General
Topic: The Worst Investment You Can Make: Buying a Home
Replies: 135
Views: 16037

Re: How much do you plan to save in your 529 plan?

Can someone define what a "2nd tier expensive private college" is? Names for example? Well, this is an easy way to offend large numbers of alumni, but here are some examples often considered to fall in this group: + Northwestern + Middlebury + Rice + Johns Hopkins + Emory + Tufts Those sc...
by swaption
Mon Aug 25, 2014 9:02 am
 
Forum: Personal Finance (Not Investing)
Topic: How much do you plan to save in your 529 plan?
Replies: 60
Views: 6899

Re: New Investor!! Did I make a mistake?

OP - you may have accidently done a brillant move. If you have little to no other income, then consider exchanging the rest of the Star fund for some other Vanguard fund/etf as you will get the capital gains benefit at 0% (long term ones). So later in 10-50 years when you sell the same units/shares...
by swaption
Tue Aug 19, 2014 8:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Investor!! Did I make a mistake?
Replies: 39
Views: 1576

Re: B&H Photo - NY City Experience

Well worth a visit if you ever are in NY. One of these uniquely NY experiences. Truely an impressive operation.
by swaption
Tue Aug 19, 2014 4:49 pm
 
Forum: Personal Consumer Issues
Topic: B&H Photo - NY City Experience
Replies: 35
Views: 2369

Re: How much do you plan to save in your 529 plan?

Can someone define what a "2nd tier expensive private college" is? Names for example? Well, this is an easy way to offend large numbers of alumni, but here are some examples often considered to fall in this group: + Northwestern + Middlebury + Rice + Johns Hopkins + Emory + Tufts Interest...
by swaption
Tue Aug 19, 2014 6:26 am
 
Forum: Personal Finance (Not Investing)
Topic: How much do you plan to save in your 529 plan?
Replies: 60
Views: 6899

Re: Shiller on Lofty Market Elevations

I'll give him credit for rethinking all this. But not seeing much in terms of real thought. We have interest rates, and then he offers up the following, which appears to be nothing more than speculative nonsense: I’ve looked for untraditional answers. Perhaps today’s prices have something to do with...
by swaption
Mon Aug 18, 2014 3:57 pm
 
Forum: Investing - Theory, News & General
Topic: Shiller on Lofty Market Elevations
Replies: 55
Views: 4966

Re: Girls gymnastics: what to expect

I have fond memories of that coach telling my wife that my daughter should try out for the pre-team. Our path changed dramatically from there. She made the pre-team and competed at what was then Level 4. Nothing can really prepare you for the tears when everone on the team got medals (most multiple)...
by swaption
Mon Aug 18, 2014 10:01 am
 
Forum: Personal Consumer Issues
Topic: Girls gymnastics: what to expect
Replies: 28
Views: 2380

Re: Is earnings yield real or nominal

Is E/P using trailing earnings a nominal value or a real rate? It's actually neither, but closer to real. The real yield would use the forward earnings. Intuitively this may seem like nominal because this is the entire yield, but there is a phantom component where the underlying assets should appre...
by swaption
Sun Aug 17, 2014 9:48 am
 
Forum: Investing - Theory, News & General
Topic: Is earnings yield real or nominal
Replies: 6
Views: 491

Re: Are hospitals allowed to do this? [Costs quoted vs. actu

but one of my common surgeries adds up to about $30,000 going by my "cash" office fee schedule and insurance pays me between $3000-7000 depending on the insurance. And the patient usually has to pay maybe $1500 up front as their portion. I have no idea how my office comes up with that $15...
by swaption
Thu Aug 14, 2014 6:55 pm
 
Forum: Personal Consumer Issues
Topic: Are hospitals allowed to do this? [Costs quoted vs. actual]
Replies: 98
Views: 6744

Re: $65k bonus for student loans...considering not taking it

I think this is another fascinating situation. Often times, people are faced with a choice between what they can do versus what they should do. What I find fascinating is that for so many, the answer is quite easy, do whatever you can do as long as it is within the law. Be it this, or tax loss harve...
by swaption
Thu Aug 14, 2014 5:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: $65k bonus for student loans...considering not taking it
Replies: 30
Views: 3321

Re: Renting forever: financial suicide?

They do, but long-time landlords in California have their property taxes locked in at artificially low levels by Prop 13, compared to new owners. These landlords can afford to offer properties for rent for less than more recent landlords, and still be profitable. Yes, but why would they offer their...
by swaption
Thu Aug 14, 2014 10:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Renting forever: financial suicide?
Replies: 92
Views: 10980

Re: The Worst Investment You Can Make: Buying a Home

The BIG difference is my payments stop once the mortgage is paid off, Brian Lund, ya knuckle head. Which is exactly why one should only consider the interest expense in calculating the monthly cost. In this case, the monthly interest expense comes out to $1,005, before taking into account any tax d...
by swaption
Sat Aug 09, 2014 12:06 pm
 
Forum: Investing - Theory, News & General
Topic: The Worst Investment You Can Make: Buying a Home
Replies: 135
Views: 16037

Re: The Worst Investment You Can Make: Buying a Home

Not relevant to me. I bought a house because I want to own one and can afford it. To me, it's a durable consumer good. Durable consumer goods are also investments. They may be good or bad but an automobile that you buy instead of rent is a classic investment. A subsistence farmer invests in land an...
by swaption
Sat Aug 09, 2014 11:52 am
 
Forum: Investing - Theory, News & General
Topic: The Worst Investment You Can Make: Buying a Home
Replies: 135
Views: 16037

Re: Dilbert Creator: If everyone indexed...

I guess it comes down to the probability of liquidity events. You can get a dividend, you can sell the share or the whole company can be sold (liquidating the assets and earnings). If you eliminate trading, then you're down to just one option for non-dividend stocks (assuming they would never start...
by swaption
Thu Aug 07, 2014 8:26 pm
 
Forum: Investing - Theory, News & General
Topic: Dilbert Creator: If everyone indexed...
Replies: 28
Views: 3269

Re: Dilbert Creator: If everyone indexed...

In my view, buying a stock is buying a share of future earnings , plus a share of the fixed capital . Earnings need not be paid out as cash dividends in order to exist. I do agree that stocks have value without dividends, and that it is in the fixed asset value and in the earnings (even if not dist...
by swaption
Thu Aug 07, 2014 3:50 pm
 
Forum: Investing - Theory, News & General
Topic: Dilbert Creator: If everyone indexed...
Replies: 28
Views: 3269

Re: When is a 3.75% load worth it?

We have no guarantees in any of our investments, yet we still make them. Because in part of its past performance. The mantra around here of stay the course...guess what that course is based on? Past performance. What other course are you staying? The one that you think/hope it will repeat! Won't re...
by swaption
Thu Aug 07, 2014 9:57 am
 
Forum: Investing - Theory, News & General
Topic: When is a 3.75% load worth it?
Replies: 79
Views: 5326

Re: What to tell friends who think "it's all a scam"

Instead of trying to convince him, ask him to convince you that he knows enough to make that determination.
by swaption
Mon Aug 04, 2014 4:43 pm
 
Forum: Investing - Theory, News & General
Topic: What to tell friends who think "it's all a scam"
Replies: 64
Views: 5763

Re: CFA June 2014 results

I am a software engineer by profession and knew nothing of finance before starting to study for the exam. This exam seemed like a good challenge and I had been wanting to learn more about the field anyway. So I decided back in January to write it. In hindsight, this exam was extremely tough for me ...
by swaption
Thu Jul 31, 2014 2:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: CFA June 2014 results
Replies: 28
Views: 2947

Re: How many families use 529 plans?

Jack Bogle isn't against 529's, he just doesn't like having his money tied up them. I feel the same way. There are a lot of factors to consider when deciding to invest in a 529: Are you fully funding retirement? Do you get a state tax credit? Do you want to retire early? How much will you save with...
by swaption
Thu Jul 31, 2014 10:28 am
 
Forum: Personal Finance (Not Investing)
Topic: How many families use 529 plans?
Replies: 107
Views: 6653

Re: How many families use 529 plans?

I don't invest in a 529 and neither does Jack Bogle. I think the article could mislead a lot of parents to invest in a 529 before fully funding retirement I'm confused here, what is the relevance of the reference to Jack Bogle? Hear what you say about investing in a 529 before fully funding retirem...
by swaption
Thu Jul 31, 2014 9:20 am
 
Forum: Personal Finance (Not Investing)
Topic: How many families use 529 plans?
Replies: 107
Views: 6653

Re: Stocks: losing money for 20-30 years not uncommon

Who said the loss occurred in only ONE 20-year or 30-year period? The data presented are for the worst-case scenario: the worst of these periods. I seriously doubt that there was only a single period of 20-30 years within the 112 years in which there was a loss in real terms. It is good to use accu...
by swaption
Thu Jul 31, 2014 8:24 am
 
Forum: Investing - Theory, News & General
Topic: Stocks: losing money for 20-30 years not uncommon
Replies: 43
Views: 4314

Re: Principal Residence = Poor Investment?

When you are renting a home the investment-owner does not perform the maintenance, pay the taxes insurance etc. as charitable acts to your benefit. Those costs are part of the rent. Real estate has significant costs period and you can't escape them by renting or hold them up to "prove" th...
by swaption
Wed Jul 30, 2014 6:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Principal Residence = Poor Investment?
Replies: 70
Views: 5364

Re: Principal Residence = Poor Investment?

Can distill this down to it's simplest form: The purchase of a house involves an allocation of capital that entails risk and has a variable outcome in terms of net worth, so it can be considered an investment. There is so much nonsense written above that it's not worth going into detail. The biggest...
by swaption
Wed Jul 30, 2014 5:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Principal Residence = Poor Investment?
Replies: 70
Views: 5364

Re: Can it be wrong to be too risk averse?

+1 Often, "risk aversion" isn't really aversion to risk in general. It's aversion to certain kinds of risks (in particular, relatively short-term stock market volatility). Indeed. In the most commonly mis-understood question when an advisor or a self-help book/website asks the investor: W...
by swaption
Tue Jul 22, 2014 11:32 am
 
Forum: Investing - Theory, News & General
Topic: Can it be wrong to be too risk averse?
Replies: 49
Views: 2455

Re: Joel Greenblatt's "magic formula"

I think it is a mistake to treat Greenblatt's book in this manner. This is not all that different than the profitability factor that is getting so much attention. I guess the provocative title makes Greenblatt an easy target. This all may be simple, but not all that different than tilting to small o...
by swaption
Mon Jul 21, 2014 9:26 pm
 
Forum: Investing - Theory, News & General
Topic: Joel Greenblatt's "magic formula"
Replies: 22
Views: 5404

Re: Options/guidance for a lazy person to be fit

There are no options for a lazy person to be fit. First thing is you need to convince yourself that you're not a lazy person. Once you do that, you'll apply the same standards to yourself as you would other people. Discipline is not easy for others either. But you will likely find out is that the ch...
by swaption
Mon Jul 21, 2014 5:24 pm
 
Forum: Personal Consumer Issues
Topic: Options/guidance for a lazy person to be fit
Replies: 79
Views: 5980

Re: Caught in the IRS fraud mess

Final final I received a letter from the IRS to let me know that my fraud complaint was upheld (since they already sent the refund I kind of figured) and that there was nothing I needed to do but that from now on my returns will be marked as previously defrauded and will get extra security checking...
by swaption
Mon Jul 21, 2014 1:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Caught in the IRS fraud mess
Replies: 24
Views: 5919

Re: Who else hates choosing a car?

Understand where you are coming from. When we moved to the suburbs, I drove a 1991 Camry for a while, mostly used to go back and forth to train station. But then I went to a corporate golf outing, and when my wife suggested I might consider renting a car, I realized my existing car had gotten a bit ...
by swaption
Fri Jul 18, 2014 3:31 pm
 
Forum: Personal Consumer Issues
Topic: Who else hates choosing a car?
Replies: 75
Views: 6602

Re: Economics 101

- the 2008 Crash was unique since the 1930s in that a US housing related bubble blew, and took out major financial institutions with it (Lehman, Fannie and Freddie, AIG, RBS, HBOS etc), and *that* either caused the recession, or what would have made a normal recession into something as bad as anyth...
by swaption
Fri Jul 18, 2014 8:52 am
 
Forum: Investing - Theory, News & General
Topic: [Learning about] Economics 101
Replies: 37
Views: 3212

Re: Economics 101

I enjoyed the following: http://www.amazon.com/Whos-Afraid-Adam-Smith-Market/dp/0471720909 Author is not an economist, but spent his career as an editor of economics text books. Gives somewhat of a broad history of economics, along with enough detail regarding the various theories and schools of tho...
by swaption
Fri Jul 18, 2014 8:15 am
 
Forum: Investing - Theory, News & General
Topic: [Learning about] Economics 101
Replies: 37
Views: 3212

Re: Smokers

Just a note about a recent purchase of a smoker. Bought the Masterbuilt wide gas smoker. Absolutely one of the best values I have ever made. This smoker is so easy and handles lots of food. Bought on sale at Basspro. Nice to hear this. I have had a Cookshack electric smoker for close to a decade. J...
by swaption
Wed Jul 16, 2014 3:53 pm
 
Forum: Personal Consumer Issues
Topic: Smokers [for cooking]
Replies: 47
Views: 4669

Re: Smokers [for cooking]

See some very good things about the Pit Barrel Cooker: http://www.amazon.com/Pit-Barrel-Cooker-Co-Package/dp/B00BQMDZYY Like I mentioned above, been very happy with my electric Cookshack, and would likely consider a propane smoker the next time around. I had previously owned a Weber, but looks like ...
by swaption
Wed Jul 09, 2014 1:51 pm
 
Forum: Personal Consumer Issues
Topic: Smokers [for cooking]
Replies: 47
Views: 4669

Re: Buying a Home in a Low-Interest Environment-The Hidden R

Hard to argue for any worse of an interest rate cycle than what we saw in the 70's. What happened to housing prices then? For that matter, I'm sure you can go back and find several other adverse interest rate cycles, and see the same outcome. Granted, past performance may not necessarily be indicati...
by swaption
Tue Jul 08, 2014 10:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in a Low-Interest Environment-The Hidden Risk
Replies: 18
Views: 1837

Re: Bubble, Bubble, Toil and Trouble

I think the following sums up his perspective quite well: The current implied ERP of 4.99% is well above the historic average and median and it clearly is much higher than the 2.05% that prevailed at the end of 1999. Keep in mind that this is not the simplified ERP from the Fed model, but one derive...
by swaption
Mon Jul 07, 2014 3:42 pm
 
Forum: Investing - Theory, News & General
Topic: Bubble, Bubble, Toil and Trouble
Replies: 24
Views: 3640
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