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Re: Bogle and dry powder

I didn't know Dr. Bogle coined the term dry powder. To me, the term meant keeping a cash reserve to invest when you see an opportunity. But that's market timing, no?
by tphp99
Thu Oct 23, 2014 9:17 am
 
Forum: Investing - Theory, News & General
Topic: Bogle and dry powder
Replies: 25
Views: 1690

Re: "I've had it" at work - how often

mid 40s in medicine. "ive had it" occurs maybe every 3-4 months. But when it does, it lasts for about 2-3 weeks before I can shake the feeling off. Had one of those days last week. Still can't shake it. On other hand, how often is it 'i love this job'? never. will go another 10 yrs and ge...
by tphp99
Mon Oct 20, 2014 10:48 am
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 151
Views: 12309

Re: I'm Chuck and I work at Vanguard and Invest in Active Fu

Companies need to grow. Current management seeks to grow the business organically. They are not starting a hedge fund here.

Not everyone can be convinced to index.
by tphp99
Thu Oct 09, 2014 6:07 am
 
Forum: Investing - Theory, News & General
Topic: I'm Chuck and I work at Vanguard and Invest in Active Funds
Replies: 44
Views: 7272

Re: Should I buy a condo on the GROUND FLOOR?

Thanks, all, for sharing your experiences or offering some advice. I normally prefer a top-floor corner unit for privacy and security reasons, but this ground-floor unit is in a very good area I otherwise can't afford, so I am considering it, but all these negative points give me a pause. Check HOA...
by tphp99
Mon Oct 06, 2014 10:19 am
 
Forum: Personal Consumer Issues
Topic: Should I buy a condo on the GROUND FLOOR?
Replies: 50
Views: 4998

Re: What will you do during the next crash?

I didn't rebalance much during the last crash... I found it VERY hard to sell bonds and buy stocks... It was very easy to put all new money 100% into stocks, but I didn't want to sell our safety net bond funds. I agree. Money goes into buckets for me. The bond money, I don't want /can't afford to l...
by tphp99
Sat Oct 04, 2014 12:04 pm
 
Forum: Investing - Theory, News & General
Topic: What will you do during the next crash?
Replies: 63
Views: 4006

Re: Hard Money Lending, flipping houses 12% return Lets hear

You can't get 12% passive. Active, well that's a job.

My neighbor does this. He has a 4 man crew to do rehabs on houses that he purchases (cash) - but he spends 30-40 hrs per week doing this stuff. He has to also rent out units that he can't move quick enough. It's a business for him.
by tphp99
Thu Oct 02, 2014 10:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Hard Money Lending, flipping houses 12% return Lets hear it
Replies: 56
Views: 3091

Re: "How Retirement Fees Cost You"

more than happy to pay him 2% to wad through this. Don't feel bad, I felt the same way for a while. At some point, I realized the measly 2% was actually quite a bit - do some simple math: are you willing to pay $5K per year? What about $30K. I remember going on a cruise with my wife and I had one o...
by tphp99
Tue Sep 30, 2014 1:49 pm
 
Forum: Investing - Theory, News & General
Topic: "How Retirement Fees Cost You"
Replies: 28
Views: 2846

Re: It's pretty freaky watching your stocks go up & down all

I am salivating today. I like to look when the market is losing money because it means there may be some actions to take. When the market is going up or sideways, there is really very little to do. I guess I can ask this question: Is it more painful to buy when the market is going up or when the ma...
by tphp99
Thu Sep 25, 2014 12:05 pm
 
Forum: Investing - Theory, News & General
Topic: It's pretty freaky watching your stocks go up & down all day
Replies: 60
Views: 5725

Re: Could one theoretically be 100% stocks your whole life?

Posters on this forum are very advanced when it comes to investing. But do you realize the average person has no clue what asset allocation mean? At 42, I was 100% stocks due entirely to ignorance. My brother will not put any money into bonds, my buddy said to me last week "I'm too young to be ...
by tphp99
Wed Sep 24, 2014 9:56 am
 
Forum: Investing - Theory, News & General
Topic: Could one theoretically be 100% stocks your whole life?
Replies: 43
Views: 2800

Re: College Funds

If you are going to retire in your 40's and only withdraw 2.5% annually at that time, you will have plenty of assets to pay for any of your children's education without any problems. I just don't think it is something to worry about. I have to keep telling myself this: "2.5% is very safe alrea...
by tphp99
Fri Sep 19, 2014 11:25 am
 
Forum: Personal Finance (Not Investing)
Topic: College Funds
Replies: 13
Views: 801

Re: College Funds

What if the kid starts school, goes 2 years, drops out, goes vagabonding, decides to go back to school, travels some more, and back to school, and ….? :) Well, I do have a plan for that :oops: I hear what you're saying, but with my OCD...ha ha. I'm glad I don't work in engineering anymore, because ...
by tphp99
Fri Sep 19, 2014 11:22 am
 
Forum: Personal Finance (Not Investing)
Topic: College Funds
Replies: 13
Views: 801

Re: College Funds

livesoft, This is why I want to get a good estimate. I want to retire soon, and want to know how much I should set aside for them. This money will be independent of my income at the time they go to college. FreemanB, I think our goals are not too different. I figure the 529 should cover undergrad. M...
by tphp99
Fri Sep 19, 2014 9:56 am
 
Forum: Personal Finance (Not Investing)
Topic: College Funds
Replies: 13
Views: 801

College Funds

We are trying to figure out how much to earmark for our children's education. We would be willing to foot the entire bill for both kids, ages 12 and 4. Ideally, we would like them to go to a state college for undergrad, and finish (hopefully) an advanced degree. The advanced degree is where we are h...
by tphp99
Fri Sep 19, 2014 9:03 am
 
Forum: Personal Finance (Not Investing)
Topic: College Funds
Replies: 13
Views: 801

Re: Any success stories of ppl who never made >$50,000?

Abe wrote:I wouldn't call it a success story, but the most I ever made was around 65k per year, and I have a multi million dollar networth. Now my investments produce way more than I ever made.


How long did this take you to accomplish? I would definitely consider it a success story. :sharebeer
by tphp99
Wed Sep 17, 2014 10:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Any success stories of ppl who never made >$50,000?
Replies: 149
Views: 10193

Re: Why do so many think their home is a foolproof investmen

I agree with MathWizard on this. For some people the best investment they can make is to get the highest mortgage they can afford because the only thing they will ever have is the equity in their home. How sad but true. I see my staff stretched to make payments on the home - but any extra money (bo...
by tphp99
Tue Sep 16, 2014 10:52 am
 
Forum: Investing - Theory, News & General
Topic: Why do so many think their home is a foolproof investment?
Replies: 125
Views: 6548

Re: Share your Hot-Rod Portfolio

Hot-Rods:
'71 RS Camaro
'11 Lotus Elise
'12 Boss 302
'13 Carrera 4s


Oh wait investments...yeah, well - that's more like a tricycle - pretty boring:

Total US, Total World, Total Bonds

Isn't that the point?
by tphp99
Tue Sep 16, 2014 10:46 am
 
Forum: Investing - Theory, News & General
Topic: Share your Hot-Rod Portfolio
Replies: 55
Views: 4332

Re: Help with a large business decision

Are you sure you would have twice the amount of work to fully utilize the capital outlay? If so, then it's a great purchase. The ROI would be really good as long as you can accurately forecast future production.

Good luck.
by tphp99
Mon Sep 15, 2014 10:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with a large business decision [capital expenditure]
Replies: 36
Views: 1416

Re: Why do so many think their home is a foolproof investmen

cashinstinct wrote:Because it's their only investment...


Well then in that case - yeah they have to think that.
by tphp99
Mon Sep 15, 2014 10:12 pm
 
Forum: Investing - Theory, News & General
Topic: Why do so many think their home is a foolproof investment?
Replies: 125
Views: 6548

Re: Why do so many think their home is a foolproof investmen

Again, a (rental) house may be an investment, a home is not. You do not consider your car as an investment. Your meals are not an investment. This does not make sense. You can drive your car until it is worth nothing. Or you can drive your car for 5-7 years and get maybe 20-50% of your purchase pri...
by tphp99
Mon Sep 15, 2014 9:54 pm
 
Forum: Investing - Theory, News & General
Topic: Why do so many think their home is a foolproof investment?
Replies: 125
Views: 6548

Re: Experience with dealer finding the exact car you want?

( I have an elise). The porsche 911 sports a 7 gear manual. :) The Elise is gone but the Exige is back with a supercharged 3.5l - I think the old natural aspirated 1.8l was a better engine for that car. Check out the 991 Porsche Carrera PDK (make sure it has the sport chrono) - it might make you re...
by tphp99
Fri Sep 12, 2014 10:47 am
 
Forum: Personal Consumer Issues
Topic: Experience with dealer finding the exact car you want?
Replies: 26
Views: 1799

Re: Calculated Spending: Cars

A lot of people see their cars as toys; many others consider them as necessary tools that make daily lives safer and more productive. I belong to the latter group. Having scanned some recent posts, I have not seen ones that discuss about a sensible spending for those who definitely need replacement...
by tphp99
Wed Sep 10, 2014 8:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Calculated Spending: Cars
Replies: 42
Views: 2925

Re: Experience with dealer finding the exact car you want?

I am toying with buying a new car. The model I want is an automatic and the only ones within 100 or more miles all have manual shift. If I have the dealer find the one I like, would I have any wiggle room on the price? Just wondering what other people's experience has been.... Which car? +1 So rare...
by tphp99
Wed Sep 10, 2014 8:02 pm
 
Forum: Personal Consumer Issues
Topic: Experience with dealer finding the exact car you want?
Replies: 26
Views: 1799

Re: Combo Plan [Retirement plan]

Freddie, That makes a lot of sense about waiting a few years - my guy kept saying that to me. Ubermax, My acct has a client who is in a similiar situation and said that the guy was able to contribute the $125K - but the consulting firm is running my census and we will sit down next week. Dhodson, I ...
by tphp99
Wed Sep 10, 2014 7:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Combo Plan [Retirement plan]
Replies: 22
Views: 1588

Re: Combo Plan [Retirement plan]

dhodson, Agreed, I avoided the 412i b/c of fees. freddie, Right, the taxes are deferred and hopefully paid at a lower rate in the future. How did it work out for you? Did you use a brokerage acct to invest this money? The cash from the combo plan can be rolled into an IRA when I shut it down, no? I'...
by tphp99
Wed Sep 10, 2014 6:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Combo Plan [Retirement plan]
Replies: 22
Views: 1588

Re: Combo Plan [Retirement plan]

Yes I have a 401K safe harbor plan in place, and am talking to someone about adding the cash acct. My understanding is limited, my accountant pointed me in this direction but he has not seen the details. dhodson, what's the difference between pre-tax vs tax deductible? The entire $125K would come of...
by tphp99
Tue Sep 09, 2014 5:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Combo Plan [Retirement plan]
Replies: 22
Views: 1588

Re: Combo Plan [Retirement plan]

Wizard, I'm in my 40's and have no idea what taxes will look like in retirement. My options are 1) continue with 401K ($38K/yr) or 2) add a cash balance plan (hence the name - combo plan) where I might be able to contribute up to $125K pre-tax into an account which I have total control (sort of like...
by tphp99
Sun Sep 07, 2014 6:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Combo Plan [Retirement plan]
Replies: 22
Views: 1588

Re: Combo Plan

OP, don't see how anyone can answer your questions until you organize your thoughts - what does combo plan have to do with the second part ??? Well... it sort of does. I have an opportunity to put away an additional $125K per year into a combo plan. But if my retirement tax rate is the same as it i...
by tphp99
Fri Sep 05, 2014 10:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Combo Plan [Retirement plan]
Replies: 22
Views: 1588

Re: Combo Plan

My taxable income in retirement is about the same as it was my last few working years presently, near the top of the 25% bracket. My last few working years, I was putting away the maximum in my tax-deferred 403(b) plan, along with paying into SS and those are gone now. Once I start RMDs and SS at a...
by tphp99
Fri Sep 05, 2014 10:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Combo Plan [Retirement plan]
Replies: 22
Views: 1588

Combo Plan [Retirement plan]

Anyone here familiar with a Combo Plan: a mix of defined contribution and defined benefits? Is putting away so much into a tax-advantage space a good idea in the first place? I know, I know - it depends. But I can't seem to calculate the differences saving money after-tax vs tax-advantage because I ...
by tphp99
Fri Sep 05, 2014 6:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Combo Plan [Retirement plan]
Replies: 22
Views: 1588

Re: Graduating Debt-Free, or with Elite College Degree?

How many of us here are doing exactly what we envisioned when we started undergrad? Not me, not my wife.

I vote for Debt-Free as that will afford opportunities to explore options after school. Better yet - Debt-Free with Elite College Degree.
by tphp99
Fri Sep 05, 2014 6:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Graduating Debt-Free, or with Elite College Degree?
Replies: 92
Views: 5090

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

Rainier wrote:Pretty sure having kids is far worse. Who is going to write that article?


What?!?! My son is going to be golf pro and my daughter a tennis pro. They are my retirement plan.
by tphp99
Fri Aug 22, 2014 10:39 pm
 
Forum: Investing - Theory, News & General
Topic: The Worst Investment You Can Make: Buying a Home
Replies: 135
Views: 16455

Re: Convince me I can make a dumb (car-related) purchase

Oh, you're on a "save as much as possible and then retire" website. But if you were on a car enthusiast site: they might tell you to skip the A3, S5 and Cayman and go straight to a Audi R8 or Porsche 911 GT3 - you can probably afford those. And yes, once you start spending $ on luxury cars...
by tphp99
Tue Aug 12, 2014 11:13 am
 
Forum: Personal Consumer Issues
Topic: Convince me I can make a dumb (car-related) purchase
Replies: 56
Views: 4524

Re: Convince me I can make a dumb (car-related) purchase

Used? You can afford a new S5 or Cayman. Go for it! That's kind of what I was thinking - but along the line of a new car will get you better service if you get a lemon. Make sure the dealer has a solid loaner car program. My MB dealer used to try to impose a 100 mi limit on the loaner, what good wo...
by tphp99
Tue Aug 12, 2014 10:38 am
 
Forum: Personal Consumer Issues
Topic: Convince me I can make a dumb (car-related) purchase
Replies: 56
Views: 4524

Re: Affording a 1.3 million home?

thanks for all the inputs folks.. With my profile, would would be the max you guys recommend we spend on a home?? ( In terms of moving from bay area, we can easily get jobs in SoCAl (SD) but what i am hearing from my friends is that the housing market there has also picked up a lot. We would probab...
by tphp99
Mon Aug 11, 2014 9:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Affording a 1.3 million home?
Replies: 105
Views: 11582

Re: Rather be Home, Rather be at Work

cheese_breath wrote:I'm retired, and in my entire career I can't think of one day I'd rather have been at work than home.


Aren't you glad you're retired?
by tphp99
Mon Aug 04, 2014 3:01 pm
 
Forum: Personal Consumer Issues
Topic: Rather be Home, Rather be at Work
Replies: 30
Views: 3954

Re: Principal Residence = Poor Investment?

If Residence = Investment
then Residence is either = Good Investment
or Residence = Poor Investment
dependending on factors we do not control

If Residence does not = Investment
then Residence is neither Good or Poor Investment

Congrats. We're all right.
by tphp99
Thu Jul 31, 2014 10:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Principal Residence = Poor Investment?
Replies: 70
Views: 5545

Re: Do Bogleheads Feel Wealthier?

Throw in a serious health scare this year and I no longer see the point of squirreling away every penny for a rainy day which probably isn't going to come. The purpose of earning money is to spend it. If you feel wealthier, and are wealthier, and don't change your spending, and never do, then what'...
by tphp99
Tue Jul 29, 2014 8:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads Feel Wealthier?
Replies: 57
Views: 4827

Re: I'm cosigner .. Friend thinking of bankruptcy .. Pls hel

Hi all... Am thinking of giving some money to friend to pay auto loan before bankruptcy! Is it good idea? Pls help fellas! You have a good heart. But learn from the cosign mistake first, then do not make the cash loan mistake afterwards. Unless you're OK with not seeing that money again - you're he...
by tphp99
Fri Jul 18, 2014 10:50 am
 
Forum: Personal Finance (Not Investing)
Topic: I'm cosigner .. Friend thinking of bankruptcy .. Pls help
Replies: 64
Views: 8044

Re: Who else hates choosing a car?

I don't understand the concept of "boring" with respect to cars. .... Boredom is not even a part of my selection criteria. Victoria Hate to say it, but "it's a guy thing." =) Or more accurately - it's a car nut thing. If you can't tell the difference between driving a Honda Acco...
by tphp99
Fri Jul 18, 2014 10:04 am
 
Forum: Personal Consumer Issues
Topic: Who else hates choosing a car?
Replies: 95
Views: 8479

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

sorry ogd, I disagree. Jogging will do it. I've jogged over 30 years now. Started originally to lose weight, which came off rapidly, then got hooked on the buzz I got from it. I've been able to keep the weight off all these years by doing so. At your age, 10 years less than mine, get a stress test,...
by tphp99
Fri Jul 18, 2014 9:36 am
 
Forum: Personal Consumer Issues
Topic: Options/guidance for a lazy person to be fit
Replies: 79
Views: 6381

Re: If interest rates would ever reach double digits again

If interest is 15% and you buy some long bonds to lock in that wonderful rate, what is to stop the interest rate of rising to 20% and you get killed? This could happen - but a lot of other "bad" things will also be happening in that kind of situation. I wish I had money back when interest...
by tphp99
Thu Jul 17, 2014 2:56 pm
 
Forum: Investing - Theory, News & General
Topic: If interest rates would ever reach double digits again
Replies: 36
Views: 3097

Re: How Much House Should I Buy?

OP, Congrats on a great start/career. You can certainly afford the $2-3M home. You're young and have plenty of time to recover if something "bad" happens. However, a 3,000 sq ft home might not look so great after a few years. What's next 5,000 sq ft? How about 10,000? Ask me how I know. Lu...
by tphp99
Tue Jul 15, 2014 8:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Much House Should I Buy?
Replies: 81
Views: 4876

Re: Talk me out of buying a Porsche Convertible. DISASTER!!!

Wow, what a story. I suppose we should have talked you out of buying the Porsche. Who knew? On the bright side, here is an opportunity to do some fun stuff with the engine rebuild or like someone else said, consider a new, under warranty car and enjoy it headache free. Guys that work on cars work on...
by tphp99
Sun Jun 15, 2014 8:51 pm
 
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Porsche Convertible. DISASTER!!!
Replies: 45
Views: 6756

Re: Beach Condo

bhsince87 wrote:tphp99,

Wow, I didn't realize you only lived 45 minutes away! That makes my point about staying there in off peak times kinda moot.



Yeah, we figure we can drive over on any weekend when it's not rented out and work on the tan. :sharebeer
by tphp99
Thu May 29, 2014 10:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Beach Condo
Replies: 26
Views: 3086

Re: Beach Condo

I am thinking about buying a condo. I looked at one several days ago. Talked to several people in the building, got preliminary information regarding reserve fund, planned future spending etc.....looking good. Then I googled the name of the building and came across a state supreme court summation o...
by tphp99
Thu May 29, 2014 9:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Beach Condo
Replies: 26
Views: 3086

Re: Beach Condo

Thanks NOLA, glad to hear someone has taken the plunge on this. I wish you success and many years of enjoyment. We don't know anyone who's done this. Mostly beach homes that do not rent well. They all admit that it's a "cost" to stay at the beach. We started this search for a beach home, w...
by tphp99
Thu May 29, 2014 6:08 am
 
Forum: Investing - Help with Personal Investments
Topic: Beach Condo
Replies: 26
Views: 3086

Re: Beach Condo

Numbers: Asking price: $350K Average income (last 2 yrs): $50K less (everything) $35K Net: $15K Yes, we figured if this sucker is a money loser - well it's not a bad place to use as a vacation/beach getaway. Care to share the location? Are there more units for sale? The wife and I eye are looking a...
by tphp99
Wed May 28, 2014 10:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Beach Condo
Replies: 26
Views: 3086

Re: Beach Condo

We've been itching to get a beach front property for a few years now. We've been looking but some of the hurricanes and the BP oil spill scared us off. We've kept an eye on the market on the west coast of FL and it seems like a decent time to jump in. Yes, the catastrophic risk will always be there....
by tphp99
Wed May 28, 2014 5:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Beach Condo
Replies: 26
Views: 3086

Re: Beach Condo

Bustoff wrote:What are the asking prices for these units ?


2/2 for 325K
3/3 for 750K

6 floors, 4 different floor plans, total 26 units, builder still has about 10 units.

It appears the owners are mostly investors.
by tphp99
Wed May 28, 2014 12:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Beach Condo
Replies: 26
Views: 3086

Re: Beach Condo

Numbers:
Asking price: $350K
Average income (last 2 yrs): $50K
less (everything) $35K
Net: $15K

Yes, we figured if this sucker is a money loser - well it's not a bad place to use as a vacation/beach getaway.
by tphp99
Wed May 28, 2014 12:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Beach Condo
Replies: 26
Views: 3086
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