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Re: Divorce, Threats of Layoffs, and Marital Debt - Oh My!

Wait - she took movies? Like DVDs? I'm trying to sympathize with you but you need to just settle down. You are way too concerned about all these little details. Even the car stuff, just write some of this stuff off as a big life mistake and move on. If I left my girl I'm not going to take a bunch of...
by verygoodthings
Fri Nov 11, 2011 4:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Divorce, Threats of Layoffs, and Marital Debt - Oh My!
Replies: 69
Views: 13060

It is more complicated than that. The short answer to your question is "no". They will be paying tax on that money regardless. Talk to an accountant. The only way they can offset those taxes would be to perhaps do a 1031 like kind exchange if they purchased similar real estate, but I think...
by verygoodthings
Mon Aug 01, 2011 6:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Re-invest $ from sale of farm at retirement
Replies: 5
Views: 887

Just for clarification - my post was mostly tongue in cheek. However my friend did tell be that he was absolutely 100% certain that his advice would do me much better than this boglehead style of investing - which he clearly doesn't believe in and criticizes. As a curious person, I have to wonder i...
by verygoodthings
Mon Jun 20, 2011 6:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Are You Changing Your AA Due to Debt Ceiling Uncertainty?
Replies: 30
Views: 2391

Well I'm a dummy, there is a link to the study in that article. Looks like you can purchase the detailed version of it for $40 ish.
by verygoodthings
Tue May 24, 2011 8:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Millionaire
Replies: 32
Views: 4380

I wonder if the studies include cash value for pensions, or even an equation for SS. This kind of statement is all in the details.
by verygoodthings
Tue May 24, 2011 8:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Millionaire
Replies: 32
Views: 4380

I, along with many others in this thread, find the 1/15 household number very surprising. I'd like to see any links to the studies performed to come up with that. Everyone seems to be mentioning the non inclusion of liabilities being the catch, but it really is not substantial. In fact, the number s...
by verygoodthings
Tue May 24, 2011 8:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Millionaire
Replies: 32
Views: 4380

Having just met with an estate attorney the other day, I feel fairly up to date on some of the concepts of estate planning. That being said, I'm not a professional. I don't know how the legalities of the married are going to come into play, so I will ignore that altogether and just think of the wife...
by verygoodthings
Sun May 15, 2011 12:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Keep the in laws out of my pockets once I'm dead
Replies: 31
Views: 4842

I ordered that Expected Returns book as recommended by a reply in this thread. I hope its worth it - two or three times the price of others.

Seems to have a few great reviews on Amazon though.

I'll browse through it when I get it and post a quick review.
by verygoodthings
Mon May 09, 2011 4:14 am
 
Forum: Investing - Theory, News & General
Topic: Please recommend next book to read
Replies: 30
Views: 3741

I'm just going to throw my inexperienced suggestion into the mix. The guy has been a solid tenant for three years as I understand it, and hasn't done damage to your property. Give him slack this one time (waiting until he makes or breaks his "June at the latest" commitment), but just be cl...
by verygoodthings
Thu May 05, 2011 2:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Renter, First Time Not Paying
Replies: 72
Views: 11081

I find it funny everyone in this thread is praising you for throwing the word charity out there as an afterthought. You seem to fit the profile of someone who will not contribute anything meaningful during your lifetime, and if anything is left over, it may end up going to charity (or it very well m...
by verygoodthings
Fri Apr 29, 2011 7:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Multi million dollar inheritance where do i start
Replies: 117
Views: 13556

Well, since you are "not showing off", you should go for it! You sound very educated on the topic. Hahaha.
by verygoodthings
Fri Apr 29, 2011 2:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I invest $100K in S+P 500: my time horizon is 5 years
Replies: 13
Views: 1630

I don't mean you're financial independent today with $500k... What I mean is, you're so far ahead of the game, only if you're a complete moron will you not be able to retire early and comfortably. Many people save their whole lives and only have $500k to retire on... You have $500k at 24... You are...
by verygoodthings
Fri Apr 29, 2011 2:25 am
 
Forum: Investing - Help with Personal Investments
Topic: My investment success
Replies: 88
Views: 11817

I got a kick out of, "I've read that even in bull markets lump sum investing prevails over DCA". Silly statement, of course it prevails in bull markets. And it loses to DCA in bear markets. What is your point? Here is a suggestion for you that I've read about DCA vs Lump sum. I believe lum...
by verygoodthings
Fri Apr 29, 2011 1:15 am
 
Forum: Investing - Help with Personal Investments
Topic: Late 20's newcomer needs outlet for real estate proceeds
Replies: 11
Views: 1074

Rustymutt, what was the nature of the help you got from Merriman & Asooc and how did you compensate them? Rusty likely just listens to the available media that Merriman so generously provides (for free). He has a an often updated podcast, and a website called FundAdvice.com that gives Do-It-You...
by verygoodthings
Fri Apr 29, 2011 1:00 am
 
Forum: Investing - Help with Personal Investments
Topic: Merriman
Replies: 5
Views: 928

Living through a crash like that with a ton of money is a great learning experience... Sounds like you learned the right lessons too... But remember you got lucky... Don't try to be the next Buffett... How much money do you really think you need? There's almost no reason to be aggressive with $500k...
by verygoodthings
Fri Apr 29, 2011 12:55 am
 
Forum: Investing - Help with Personal Investments
Topic: My investment success
Replies: 88
Views: 11817

I was also pitched this kind of thing from an advisor I had a consultation with. The drilling company was Murvin and Meier, and they sent me a due diligence packet. It is all extremely attractive. After factoring in the tax advantages (roughly a 90-95% writeoff in the first year), they claim people ...
by verygoodthings
Wed Apr 27, 2011 2:00 am
 
Forum: Investing - Help with Personal Investments
Topic: Oil and Gas deal
Replies: 30
Views: 3140

Such a weird thread title. Thanks for letting us know you've grossed 4 million in 8 years though. (smirk) Honestly though, congratulations on finally posting and deciding to take control of your future. Hammer away at the reading list, spend a ton of time drinking coffee at the Barnes and Nobles and...
by verygoodthings
Wed Apr 27, 2011 1:51 am
 
Forum: Investing - Help with Personal Investments
Topic: 500-600K Income - Would would you do?
Replies: 14
Views: 3513

I would not short silver right now, just wanted to throw that in play since you sound interested in doing just that.

I don't know where it is headed, but up is not improbable. With a short, you may end up sweating if it heads into the 50s and beyond. Except volatility there.
by verygoodthings
Tue Apr 26, 2011 4:22 am
 
Forum: Investing - Theory, News & General
Topic: Silver
Replies: 78
Views: 9133

I also wanted to second the opinion that OP is primarily here to brag. He isn't here to get smarter.
by verygoodthings
Fri Apr 22, 2011 7:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Multi million dollar inheritance where do i start
Replies: 117
Views: 13556

I think everyone on here is ignoring several good options. Hedge funds actually are a decent diversification play here, domestic commodity producers (with tax incentives), perhaps private equity. Those items become of value when you can take a substantial amount of money (let's say 500k), and alloca...
by verygoodthings
Fri Apr 22, 2011 7:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Multi million dollar inheritance where do i start
Replies: 117
Views: 13556

I'm sorry to everyone in this thread who feel I came out too harshly, but I think the entirety of what I posted just needed to be said. I'm hoping some others here also cringe when they here about an inheritance of this size being handled in such a way. This is several lifetimes worth of good fortun...
by verygoodthings
Fri Apr 22, 2011 1:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Multi million dollar inheritance where do i start
Replies: 117
Views: 13556

A little bit of good advice, and a lot of horrible advice in this thread. Since you are obviously not very smart, and could never figure out what is good and what is bad, you may as well discount most everything. Find someone smarter than you (should be easy...) to manage your money. You can't handl...
by verygoodthings
Fri Apr 22, 2011 1:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Multi million dollar inheritance where do i start
Replies: 117
Views: 13556

For those of you that have read his books, he does believe in efficiency, but knows well that market price means something about future expectation. In 2000, things were costing so much that it was a bit unreasonable to expect that kind of dividend growth, so yes , he was making some active decision...
by verygoodthings
Thu Apr 14, 2011 9:35 am
 
Forum: Investing - Theory, News & General
Topic: Did Jack Bogle time the market in 2000?
Replies: 9
Views: 1277

Well, I know everyone on here is immediately painting this guy in a horrible light, which may be due, but lets clear something up here. You very well may be getting good risk adjusted returns. The fee sounds high, perhaps you can negotiate that, or you can consider using a lower cost advisor, or no ...
by verygoodthings
Mon Apr 11, 2011 6:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Meeting with my FA and thinking of dumping him.
Replies: 22
Views: 2510

Depends on the tax basis of each position. If you can wash some of them out and start to put together a better AA using ETF indexes or something - good. You don't necessarily need to change her brokerage account. With capgains at 15%, it honestly could be worthwhile to even take a bit of overall gai...
by verygoodthings
Mon Apr 11, 2011 6:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: "portfolio" of a friend - seriously
Replies: 11
Views: 1852

Rockclimbing. A true dirt bagger sport.
by verygoodthings
Sat Apr 09, 2011 9:09 am
 
Forum: Personal Consumer Issues
Topic: Hobbies of Bogleheads
Replies: 159
Views: 20012

Re: Slow GDP growth for the next 30 years.

In Bill Bernsteins interview posted here on the front page, he writes something that caught my eye: "Bernstein: Exactly. I just have no idea. And there’s a general sort of thing here. Peter Lynch used to joke that if you spend 13 minutes thinking about economics, you’ve wasted 10 minutes. Ludwi...
by verygoodthings
Fri Apr 08, 2011 7:21 am
 
Forum: Investing - Theory, News & General
Topic: Slow GDP growth for the next 30 years.
Replies: 3
Views: 576

Slow GDP growth for the next 30 years.

I read an interesting thing about the upcoming retirement years for our baby boomers. The baby boomer generation may account for 70% of all of our domestic spending, and they have very dim retirements on the horizon. This should provide a substantial headwind for the countries GDP numbers, and overa...
by verygoodthings
Fri Apr 08, 2011 7:09 am
 
Forum: Investing - Theory, News & General
Topic: Slow GDP growth for the next 30 years.
Replies: 3
Views: 576

We can't answer this question appropriately, or anyone trying to do so is being a bit silly. The average numbers really apply to each individual persons careers and earning pattern. The best book I've read on this subject is called Your Money Ratios. It basically lays out savings plans for 25/30/35/...
by verygoodthings
Fri Apr 08, 2011 7:03 am
 
Forum: Investing - Theory, News & General
Topic: Average amount saved for retirement by age
Replies: 89
Views: 16026

If you think you can double sales in less than 5 years, I think 8x profit is a bit low. I wouldn't sell for less than half what you are thinking of asking. 16 times earnings for complete control of a company growing at 15% per year is not a bad deal. Just my opinion. Hahaha, no. 5-6X EBITDA, even w...
by verygoodthings
Thu Apr 07, 2011 1:14 am
 
Forum: Investing - Help with Personal Investments
Topic: Thinking about selling my business, advice?
Replies: 39
Views: 3675

Tiger already posted the answer here, but 2nd reply seems confused. I am very surprised that few people understand bonds. If you buy a $10,000 30 year bond with a 8% coupon, and the new bonds issued for 30 years have a 6% coupon, then the value of your bond rises, dramatically. So falling rates make...
by verygoodthings
Thu Apr 07, 2011 1:12 am
 
Forum: Investing - Theory, News & General
Topic: What does it mean to say "bonds have had a great run?
Replies: 4
Views: 813

Fishdoc - Do you understand the principles of MPT and the Efficient Frontier? How do you think that applies to the 100% CD's suggestion?
by verygoodthings
Thu Apr 07, 2011 12:17 am
 
Forum: Investing - Help with Personal Investments
Topic: Inherited a sizable sum - what should I do?
Replies: 113
Views: 14258

Re: Inherited a sizable sum - what should I do?

I recently inherited some farmland from a trust and I'm about to sell it for around $800k. The cost basis of the farmland was stepped up to around $350k when it entered the trust a few years ago. I have $100k savings, no investments, and no debt. It looks like you have around 900K. If it was me, I ...
by verygoodthings
Thu Apr 07, 2011 12:15 am
 
Forum: Investing - Help with Personal Investments
Topic: Inherited a sizable sum - what should I do?
Replies: 113
Views: 14258

Re: Inherited a sizable sum - what should I do?

I recently inherited some farmland from a trust and I'm about to sell it for around $800k. The cost basis of the farmland was stepped up to around $350k when it entered the trust a few years ago. I have $100k savings, no investments, and no debt. It looks like you have around 900K. If it was me, I ...
by verygoodthings
Wed Apr 06, 2011 10:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inherited a sizable sum - what should I do?
Replies: 113
Views: 14258

Re: How can I profit from rising oil prices?

I expect oil prices to rise over the long term. How can I invest in order to take advantage of that? I read a couple articles that turned me off from commodity ETFs. Another article mentioned a few equity-based ETFs (IEO, PXJ, XES) that track oil-related companies, but all of those plummeted when t...
by verygoodthings
Mon Apr 04, 2011 6:11 am
 
Forum: Investing - Help with Personal Investments
Topic: How can I profit from rising oil prices?
Replies: 45
Views: 4116

I don't think building a house (especially as suggested 425+250) would be a good idea. Take the gains on the sale, and invest the money. That's going to be your best option financially, by a landslide. Don't let the 15% gains tax convince you to make a horrible allocation decision as you are plottin...
by verygoodthings
Mon Apr 04, 2011 12:33 am
 
Forum: Investing - Help with Personal Investments
Topic: Inherited a sizable sum - what should I do?
Replies: 113
Views: 14258

Larry Swedroe who is active on this board covers REITs extremely well in his Alternative Investments book. The summary is: The specific risk/reward of REITs aren't very desirable in and of themselves, but because of their low correlation, they are excellent for diversification. I think if people can...
by verygoodthings
Sat Apr 02, 2011 11:33 pm
 
Forum: Investing - Theory, News & General
Topic: Jack Bogle on Investing in Real Estate
Replies: 23
Views: 4165

Re: Index front-running -- any hard numbers?

According to Bill Bernstein in The Investor's Manifesto, Vangaurd changed index providers to try to minimize the damage of frontrunning. They now primarily use MSCI (Morgan Stanley), they used to use S&P.

OOC - Why are you asking the question?
by verygoodthings
Sat Apr 02, 2011 11:23 pm
 
Forum: Investing - Theory, News & General
Topic: Index front-running -- any hard numbers?
Replies: 21
Views: 2569

Larry will come back and give an accurate answer I am sure, but I thought I'd chime in. If you are dealing with a wealth management firm, they will work with you on items like insurance in a non commission format. I believe Paul Merriman helps his clients buy annuities with vanguard or the other low...
by verygoodthings
Fri Apr 01, 2011 7:33 am
 
Forum: Investing - Theory, News & General
Topic: DFA advisors and risk
Replies: 30
Views: 3896

Hahaha, comparing it to McDonalds? Really? Its a non diversified risk. You aren't being compensated for the extra risk. That's one problem. Second problem, no liquidity. Third problem, no control. Buy something for yourself with the 50k, like a new car or something. Don't flush it down the toilet on...
by verygoodthings
Thu Mar 31, 2011 1:51 am
 
Forum: Investing - Help with Personal Investments
Topic: helpful hints/advice for investing in a startup restaurant?
Replies: 21
Views: 2330

I also find it funny that everyone on this forum hold Ferri / Swedroe / etc on such a high pedestal. They are motivated to be here and help build their business. It obviously works very well judging by what people say around here! Let's not mistake that they are superior advisors and the only option...
by verygoodthings
Wed Mar 30, 2011 4:49 pm
 
Forum: Investing - Theory, News & General
Topic: DFA advisors and risk
Replies: 30
Views: 3896

I don't support your reason for creating this thread at all. I see nothing wrong with DFA disclosing the risk of dealing with an independent advisor. They are not going to guarantee the business practices of hundreds (thousands?) or advisors in their network. You need to do your own due diligence on...
by verygoodthings
Wed Mar 30, 2011 4:45 pm
 
Forum: Investing - Theory, News & General
Topic: DFA advisors and risk
Replies: 30
Views: 3896

Ok - at the risk of coming off like a complete grouch, let me make some recommendations. First of all, you are not going to get affordable (50 bp or less) access to DFA even with 100k. And it doesn't matter anyway. You are putting way too much thought into this. You have 40k. You are a perfect candi...
by verygoodthings
Wed Mar 30, 2011 4:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Using active funds to get as high a SV tilt as possible-bad?
Replies: 20
Views: 1685

I'm also curious as to any misinformation within.

Very good flick, kept my attention the entire duration.
by verygoodthings
Wed Mar 30, 2011 4:18 am
 
Forum: Personal Finance (Not Investing)
Topic: Documentary: "Inside Job" available to view
Replies: 9
Views: 2200

Come to think of it, same question as it relates to selling also...
by verygoodthings
Wed Mar 30, 2011 3:49 am
 
Forum: Investing - Help with Personal Investments
Topic: impact cost on individual stocks
Replies: 4
Views: 567

impact cost on individual stocks

At an individual stock level, how many shares will impact the cost beyond the Bid? I know the answer here has something to do with the liquidity and how many shares are available, but is all this information available at the time of share purchase? Many brokers offer unlimited share purchases on the...
by verygoodthings
Wed Mar 30, 2011 3:48 am
 
Forum: Investing - Help with Personal Investments
Topic: impact cost on individual stocks
Replies: 4
Views: 567

for high net worth investors, a plausible alternative is a do-it-yourself fund comprised of individual stocks. I personally own ~130 illiquid micro-cap value stocks. My expense ratio is low (less than $100 commissions so far) and I don't have to worry that, unbeknownst to me, some fund manager will...
by verygoodthings
Tue Mar 29, 2011 5:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Using active funds to get as high a SV tilt as possible-bad?
Replies: 20
Views: 1685

I would have no sympathy for him if he lost all his money. I might even rub it in his face. You can't sympathize with people with that kind of greed. "Distressed" after a 200% return in 6 months is extreme greed.
by verygoodthings
Sun Mar 27, 2011 9:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: The ultimate anti-Boglehead
Replies: 24
Views: 4066

Figure out the specs on it, you can call more dealers, or check out ebay. Also you've got PM.
by verygoodthings
Thu Mar 24, 2011 4:20 am
 
Forum: Personal Finance (Not Investing)
Topic: How to sell a Diamond.
Replies: 22
Views: 4800

Putting some more thought into this, perhaps the reason this hasn't been accomplished yet is not the unwillingness of publishers, but more of a logistics issue. I wonder if Barnes and Noble could convince certain publishers to offer the E-Copy automatic during the retail store checkout by entering t...
by verygoodthings
Thu Mar 24, 2011 3:59 am
 
Forum: Personal Consumer Issues
Topic: Paper versus e-Reader
Replies: 60
Views: 4028
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