Search found 440 matches

by 209south
Thu May 25, 2017 6:30 am
Forum: Investing - Theory, News & General
Topic: BlackRock, Vanguard Mull Pressuring Exxon to Disclose Climate Risks
Replies: 33
Views: 1588

Re: BlackRock, Vanguard Mull Pressuring Exxon to Disclose Climate Risks

I haven't seen the article, but if it is accurate I agree with your premise...I invest with Vanguard because they are a low-cost provider of investments I seek...i.e. broadly diversified index funds. I am not interested in their 'actively managed' funds, and am similarly not interested in them provi...
by 209south
Sat May 20, 2017 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: New job - employee vs. contractor
Replies: 6
Views: 652

Re: New job - employee vs. contractor

Good question, and I don't know the answer for sure...but it is not uncommon in the junior mining space, where many people wear multiple hats with multiple companies. This is a relatively new company, and the only three people working full-time are contract geologists receiving pay on a per diem bas...
by 209south
Sat May 20, 2017 9:06 am
Forum: Personal Finance (Not Investing)
Topic: New job - employee vs. contractor
Replies: 6
Views: 652

Re: New job - employee vs. contractor

Thanks - I am seeking professional tax counsel but often find more creative ideas on here than I do via lawyers. With respect to the movie Gold, not only have I seen the movie but I somewhat lived the movie as I was part of the team advising the chosen buyer for Bre-X...the fraud was discovered thro...
by 209south
Sat May 20, 2017 8:56 am
Forum: Investing - Theory, News & General
Topic: "Stocks, Bonds and Future Returns" by Prof. Jeremy Siegel
Replies: 65
Views: 5188

Re: "Stocks, Bonds and Future Returns" by Prof. Jeremy Siegel

A good presentation by Siegel - I will have to print and review in more detail, but my key takeaways are: 1. Long-term investments in US equities worked out very well over the past two centuries...this unfortunately provides little assistance with respect to future returns. 2. Global powers in 1900 ...
by 209south
Fri May 19, 2017 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: New job - employee vs. contractor
Replies: 6
Views: 652

New job - employee vs. contractor

I am starting a new job as CEO of a micro-cap mining company...early stage and the few current dedicated personnel are working on a contract basis. I have been offered the opportunity to work either as an 'employee' or on a contract basis...salary $250k bonus expectation $100k and a whole whack of s...
by 209south
Fri May 19, 2017 8:26 am
Forum: Investing - Help with Personal Investments
Topic: REITs: Count as Stocks or Bonds?
Replies: 49
Views: 2882

Re: REITs: Count as Stocks or Bonds?

I count REITs as Alternatives, not stock or bonds - my asset allocation is ~25-55-20 fixed income-equities-alternatives, and within the 20 alternatives I have 7.5% bullion, 2.5% commodities and 5% each domestic and international REITs. My investing objectives include 'protecting what I've earned', a...
by 209south
Thu Apr 27, 2017 9:19 pm
Forum: Investing - Theory, News & General
Topic: Harry Browne Permanent Portfolio Discussion (Cont'd)
Replies: 582
Views: 134827

Re: Harry Browne Permanent Portfolio Discussion (Cont'd)

Late to the party and don't want to belabor the point, but I am 1,000% supportive of Smith1776's position on the US-centric nature of this forum. Sure there's broad (though not universal) appreciation of the benefits of international equity diversification, but there is overwhelming scorn for the id...
by 209south
Wed Apr 26, 2017 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement income for 50+ years?
Replies: 167
Views: 14447

Re: Retirement income for 50+ years?

First, congratulations on your success to date! Many excellent points above - I'd summarize my perspective as follows: 1. take your time - these are BIG decisions, and there is no need to rush - neither the equity or fixed income markets are 'cheap', so there is no need to aggressively invest today....
by 209south
Sun Apr 23, 2017 2:57 pm
Forum: Investing - Theory, News & General
Topic: Larry Portfolio Equities: What % Each Market?
Replies: 50
Views: 3777

Re: Larry Portfolio Equities: What % Each Market?

There are two issues: 1. How to divide the equity portion of the portfolio? If using Vanguard mutual funds you'd be roughly 50% VBR, 37.5% VSS and 12.5% VWO - it's not perfect but close enough. Are you accounting for VSS already having Emerging Market Small Caps at market cap weighting? I've been t...
by 209south
Sun Apr 23, 2017 2:25 pm
Forum: Investing - Theory, News & General
Topic: Larry Portfolio Equities: What % Each Market?
Replies: 50
Views: 3777

Re: Larry Portfolio Equities: What % Each Market?

From Looking at the FTSE Global Small Cap, counting Taiwan and South Korea as Emerging, you get 11.92% Emerging markets in this category. http://www.ftse.com/Analytics/FactSheets/Home/DownloadSingleIssue/GAE?issueName=GEISSC The current US/Developed/Emerging split is 53.24/34.84/11.92. All of those...
by 209south
Sat Apr 22, 2017 6:56 pm
Forum: Personal Consumer Issues
Topic: Any golfers played Bandon Dunes on the Oregon coast?
Replies: 5
Views: 607

Re: Any golfers played Bandon Dunes on the Oregon coast?

I've been there twice. It is challenging to get there but worth the trip - I've played around the world and consider Bandon the world's premier golf destination. I prefer Scotland for the cultural benefits, and the golf in the UK is all-world, but nowhere else are there four top 100 golf courses on ...
by 209south
Thu Apr 20, 2017 10:02 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 36684

Re: Larry Swedroe says "Goodby."

When I first joined Bogleheads I was well-versed on the merits of maximizing diversification and minimizing transactions costs (eg. via Vanguard mutual funds), and I wasn't sure I had much to learn. Boy, was I wrong! After years of reading countless posts on this forum, the two issues/philosophies t...
by 209south
Wed Apr 19, 2017 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from Chicago NW suburbs to NJ/NY area
Replies: 31
Views: 2409

Re: Moving from Chicago NW suburbs to NJ/NY area

I lived in Chicago in the mid-80s and have been in northern NJ ever since. I am very happy here but long ago resigned myself to the fact that it's a high-cost environment in every sense (eg. my prop taxes = $65k but I can only deduct $10k for state taxes!!!!!!!!!!!!!!!!!) Financially it seems hard t...
by 209south
Sun Apr 02, 2017 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Florida prop taxes + insurance?
Replies: 23
Views: 1563

Re: Florida prop taxes + insurance?

Florida property taxes are based on the county you live in. I have a condo on the ocean in Jupiter - we are in Palm Beach county and property taxes are 2.1% of assessed value (very close to market in most cases). The good news for me is that's a discount from the 3.65% of value I pay on my principal...
by 209south
Mon Mar 27, 2017 9:27 pm
Forum: Investing - Theory, News & General
Topic: Does your asset allocation derate tax-deferred holdings to account for future tax liability?
Replies: 163
Views: 7674

Re: Does your asset allocation derate tax-deferred holdings to account for future tax liability?

Yes I carry everything at after-tax values - so cash is 100%, equities and other funds I carry at current value minus presumed capital gains rate, and IRAs etc. I carry net of estimated future income tax liability - it's somewhat cumbersome but I believe represents the best estimate of my economic e...
by 209south
Wed Mar 22, 2017 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a second home in Florida- mortgage or purchase
Replies: 15
Views: 1371

Re: Buying a second home in Florida- mortgage or purchase

Congrats on achieving such a strong financial position in retirement, and welcome to the neighborhood (I have a condo in Jupiter). My advice would echo others - buy the condo for cash; sell $250k-$300k of equities to fund the purchase, any decorating/furnishing requirements, and any capital gains ta...
by 209south
Sat Mar 04, 2017 4:23 pm
Forum: Investing - Theory, News & General
Topic: Does anyone own gold?
Replies: 114
Views: 9469

Re: Does anyone own gold?

I don't know about gold in particular, but it seems like technological advances keep reducing the cost of commodities in general. It just becomes easier and cheaper to extract natural resources. This is not really true for minerals, which remain difficult to discover, and doubly-difficult to permit...
by 209south
Mon Feb 20, 2017 7:53 am
Forum: Investing - Theory, News & General
Topic: 30 yr TIPS Auction Feb 16: real yield 1.1%?
Replies: 40
Views: 4361

Re: 30 yr TIPS Auction Feb 16: real yield 1.1%?

Thanks for the updated model, #Cruncher - the spreadsheet is a great resource!
by 209south
Sun Feb 19, 2017 8:15 am
Forum: Investing - Theory, News & General
Topic: 30 yr TIPS Auction Feb 16: real yield 1.1%?
Replies: 40
Views: 4361

Re: 30 yr TIPS Auction Feb 16: real yield 1.1%?

#Cruncher, is there an updated version of your wonderful TIPS ladder spreadsheet on the forum somewhere?
by 209south
Wed Feb 08, 2017 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for a soon-to-be MLB draftee
Replies: 68
Views: 9932

Re: Advice for a soon-to-be MLB draftee

If you don't mind me asking, what do those four tickers represent? Separately I haven't followed this thread, but consideration should be given to maxing IRA contributions - not sure what his taxable income was in 2016 and will be the next year, but burying some of this in IRAs makes sense to me...a...
by 209south
Sat Feb 04, 2017 3:09 pm
Forum: Investing - Theory, News & General
Topic: No Inflation-Adjusted SPIAs at Vanguard
Replies: 120
Views: 6003

Re: No Inflation-Adjusted SPIAs at Vanguard

Well I did the model but have no clue how to post the results here. I ran three scenarios: 1. Replication of AlohaJoe's model, with $1,000,000 SPIA purchase and excess annuity payments building a TIPs ladder. 2. Purchase of 'right-sized' nominal SPIA using extra $317,500 to build a TIPs ladder. This...
by 209south
Sat Feb 04, 2017 2:19 pm
Forum: Investing - Theory, News & General
Topic: No Inflation-Adjusted SPIAs at Vanguard
Replies: 120
Views: 6003

Re: No Inflation-Adjusted SPIAs at Vanguard

Maybe - I'll try to build a model. In the current version only a small amount is invested in TIPs initially, so the portfolio never really gets the benefit of the TIPs protection. If >$300k was invested up front, with very little drawn in the early years as the nominal SPIA covers most spending, the...
by 209south
Sat Feb 04, 2017 2:07 pm
Forum: Investing - Theory, News & General
Topic: No Inflation-Adjusted SPIAs at Vanguard
Replies: 120
Views: 6003

Re: No Inflation-Adjusted SPIAs at Vanguard

Two thoughts: 1. I think inflation-adjusted SPIAs are unnecessary for most - in my case I plan to meet my basic needs (wants? $100k real) via social security and a TIPs ladder. On top of that I am building a nominal DIA ladder and have a 40/60 portfolio, to address lifestyle spending and bequest obj...
by 209south
Thu Jan 26, 2017 9:29 pm
Forum: Local Chapters and Bogleheads Community
Topic: Local NJ Chapter, Northern NJ
Replies: 6
Views: 1044

Re: Local NJ Chapter, Northern NJ

I am interested in participating but too busy to be Coordinator.
by 209south
Tue Jan 17, 2017 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Updating our wills
Replies: 5
Views: 1017

Updating our wills

My wife and I are meeting with our estate lawyer this Friday - our wills are several years out of date, and provisions for a (then) minor child need to be updated. We are both mid-50s and healthy, but obviously want to be prepared for negative events - current estate value is ~$6.5mm. I'm interested...
by 209south
Sun Jan 15, 2017 11:09 am
Forum: Personal Finance (Not Investing)
Topic: NJ sales tax reduced from 7% to 6.875%; NJ estate tax exclusion amount increased to $2 million
Replies: 29
Views: 2681

Re: NJ sales tax reduced from 7% to 6.875%; NJ estate tax exclusion amount increased to $2 million

ByThePond, that is true for calculating one's income tax liability, but I believe for the 'retirement income exclusion' the relevant number is one's 'Total Income', which I take to be a gross number pre-deductions.
by 209south
Sun Jan 15, 2017 11:07 am
Forum: Investing - Theory, News & General
Topic: Why not put it all in TIPS?
Replies: 87
Views: 5604

Re: Why not put it all in TIPS?

Dmitri, I think your strategy is sound but possibly sub-optimal. Facing a similar set of circumstances I am addressing my LMP 'needs/desires' with a combination of three cash flows: 1. social security - deferred 'til age 70 but then an inflation-protected annuity for life 2. TIPs ladder within my IR...
by 209south
Wed Jan 11, 2017 10:25 am
Forum: Personal Finance (Not Investing)
Topic: NJ sales tax reduced from 7% to 6.875%; NJ estate tax exclusion amount increased to $2 million
Replies: 29
Views: 2681

Re: NJ sales tax reduced from 7% to 6.875%; NJ estate tax exclusion amount increased to $2 million

nolesrule and 4strings, I agree the sales tax reduction is tiny, but the combination of the sales tax reduction, the estate tax elimination, and the quintupling of the retirement income exclusion are all good news for those who may stay in NJ in retirement. From my perspective the calculus has chang...
by 209south
Tue Jan 10, 2017 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: NJ sales tax reduced from 7% to 6.875%; NJ estate tax exclusion amount increased to $2 million
Replies: 29
Views: 2681

Re: NJ sales tax reduced from 7% to 6.875%; NJ estate tax exclusion amount increased to $2 million

The $100,000 cap is certainly an issue, but the exclusion of $100,000 is a huge improvement vs. the current $20,000. Certainly those with very large portfolios will be caught by the cap, but my wife and I plan to retire in the next few years with assets over $7,000,000 and believe we should be able ...
by 209south
Sun Jan 08, 2017 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: NJ sales tax reduced from 7% to 6.875%; NJ estate tax exclusion amount increased to $2 million
Replies: 29
Views: 2681

Re: NJ sales tax reduced from 7% to 6.875%; NJ estate tax exclusion amount increased to $2 million

Perhaps more importantly, the NJ 'retirement income exclusion' has quintupled - see the attached article http://www.forbes.com/sites/ashleaebeling/2016/10/13/new-jersey-retirement-income-break-to-quintuple/#59214aa86fc7 For near-term retirees like me this is YUGE! If the tax changes aren't reversed ...
by 209south
Sun Jan 01, 2017 8:57 pm
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 20562

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

In reply to sperry8’s point that ‘it happened in one country, one time’ - a reference to the abysmal performance of Japanese equites in the past 25 years - the following are a few soundbites from Credit Suisse’s 2016 Global Investment Returns publication, a really interesting resource I first learne...
by 209south
Tue Dec 20, 2016 9:26 am
Forum: Investing - Help with Personal Investments
Topic: My "sleep well at night" number seems to be changing
Replies: 49
Views: 8287

Re: My "sleep well at night" number seems to be changing

Great thread with really thoughtful replies - the topic of pre-/early-retirement asset allocation / LMPs is the thing I have learned the most about from this forum - this has been incredibly valuable and has reshaped my asset allocation. Beth, FWIW I think you are doing the right thing by 'gradually...
by 209south
Thu Dec 15, 2016 8:30 pm
Forum: Investing - Theory, News & General
Topic: "How a Second Grader Beats Wall Street" -- A Gem
Replies: 79
Views: 18927

Re: "How a Second Grader Beats Wall Street" -- A Gem

My post is a reaction to your childish hostility toward others with their own reasonable views. So, to substance: 1. Warren Buffett is a legendary investor, and rightfully so...but if you are to praise him you should at least consider his record vs. relevant benchmarks. You compare him to a variety ...
by 209south
Thu Dec 15, 2016 8:03 pm
Forum: Investing - Theory, News & General
Topic: "How a Second Grader Beats Wall Street" -- A Gem
Replies: 79
Views: 18927

Re: "How a Second Grader Beats Wall Street" -- A Gem

Nick, in reading your posts in this appropriately titled thread, I wonder if you are in fact a second-grader yourself?
by 209south
Mon Dec 12, 2016 4:58 pm
Forum: Investing - Theory, News & General
Topic: I thought Swedroe was a fan of REITs?
Replies: 127
Views: 10574

Re: I thought Swedroe was a fan of REITs?

"the more recent research shows that REITS aren't all that unique as an asset class" I have 10% of my portfolio in REITs (half US and half international, all in tax-advantaged locations) and will stay the course, but am interested in this comment from Larry. My allocation is based partly ...
by 209south
Mon Dec 12, 2016 9:50 am
Forum: Investing - Theory, News & General
Topic: I thought Swedroe was a fan of REITs?
Replies: 127
Views: 10574

Re: I thought Swedroe was a fan of REITs?

"the more recent research shows that REITS aren't all that unique as an asset class" I have 10% of my portfolio in REITs (half US and half international, all in tax-advantaged locations) and will stay the course, but am interested in this comment from Larry. My allocation is based partly o...
by 209south
Sat Oct 29, 2016 10:07 pm
Forum: Investing - Help with Personal Investments
Topic: Annuities
Replies: 15
Views: 1691

Re: Annuities

I'm a fan of SPIAs and DIAs and think they have a role especially for those who are (relatively) asset-rich and income (i.e. pension-) poor - that said, if I were you I'd be hesitant to annuitize the entire $600k at one time, and I'd be hesitant to do it all with one entity, understanding that TIAA ...
by 209south
Thu Oct 27, 2016 10:43 am
Forum: Investing - Theory, News & General
Topic: Stocks For The Long Run In The Paper (Fiat) Currency Era
Replies: 16
Views: 2627

Re: Stocks For The Long Run In The Paper (Fiat) Currency Era

[quote="Ever Ready"] http://i1143.photobucket.com/albums/n636/ever8ready/9298-figure-1_zpsenoatihl.jpg Charts like these are always fun to look at but the US experience over the past two centuries is unique, particularly as the US was by definition an emerging market at the outset. It woul...
by 209south
Mon Oct 24, 2016 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement reality check
Replies: 36
Views: 7352

Re: Early retirement reality check

I'd also be interested, just out of curiosity where a couple spends $130k a year. I spend less than that in our HCOL area even paying $65k a year for DS1 private college and $8k DS2 private high school. I won't mention our 4 cars (DH, DW, DS and my mom's). Well, I guess I did. So in a HCOL area you...
by 209south
Sat Oct 22, 2016 10:16 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe's latest market returns forecast
Replies: 380
Views: 32481

Re: Larry Swedroe's latest market returns forecast

Larry, I for one am grateful for your active and thoughtful involvement with this forum, and your patience in dealing with some stubborn Q&A - we are all better off for your presence.
by 209south
Thu Oct 20, 2016 9:06 am
Forum: Investing - Theory, News & General
Topic: [WSJ - What Does Nevada’s $35 Billion Fund Manager Do All Day? Nothing]
Replies: 35
Views: 3329

Re: WSJ - What Does Nevada’s $35 Billion Fund Manager Do All Day? Nothing

I found this from a couple years ago https://www.nvpers.org/public/publications/FY14CAFR.pdf The 'Asset Mix' is on page 67. Interesting choice of investment advisors...I guess when you have billions Vanguard doesn't work, or maybe the numbers are large enough that the advisors charge Vanguard like f...
by 209south
Wed Oct 19, 2016 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: Safety in gold ?
Replies: 37
Views: 3057

Re: Safety in gold ?

For the OP the question is what does 'real safe' mean to you or your friend? If 'real safe' means the ability of a 73 year-old US-based investor to meet his US$-based spending needs over the remaining 10-30 years of his lifetime, then gold is likely sub-optimal and CDs and other options might be sup...
by 209south
Thu Oct 13, 2016 5:40 am
Forum: Investing - Theory, News & General
Topic: Ray Dalio VS sp500
Replies: 22
Views: 3066

Re: Ray Dalio VS sp500

I am a Dalio fan and my asset allocation is influenced by his 'all weather' philosophy. Having said that, I am approaching retirement with sufficient assets but no pension so am very much in asset-protection mode - I do NOT expect my portfolio to achieve S&P 500 returns going forward, but I am c...
by 209south
Tue Oct 11, 2016 10:25 am
Forum: Investing - Help with Personal Investments
Topic: Asset allocation (net of capital gains tax?)
Replies: 9
Views: 1171

Re: Asset allocation (net of capital gains tax?)

Thanks, JW - I suspect you are correct about what is in effect just 'paralysis by analysis' - I used 60-40 in the example but in fact my AA is closer to 35-65 as I'm in asset protection mode...so I start with a low domestic equities allocation and given steep CGs am likely underweight even that level.
by 209south
Tue Oct 11, 2016 7:30 am
Forum: Investing - Help with Personal Investments
Topic: Asset allocation (net of capital gains tax?)
Replies: 9
Views: 1171

Re: Asset allocation (net of capital gains tax?)

Thanks, Peter! I have been basing my asset allocation on post-income taxes numbers for some time, using the rates I believe will be relevant to the particular asset location...i.e. a higher rate on payout from my deferred comp program over the next 15 years than I expect would apply to my RMDs after...
by 209south
Mon Oct 10, 2016 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation (net of capital gains tax?)
Replies: 9
Views: 1171

Re: Asset allocation (net of capital gains tax?)

This may have been too esoteric a question but I thought I'd bring it to the fore to see if anyone has a point of view.
by 209south
Mon Oct 10, 2016 11:05 am
Forum: Investing - Help with Personal Investments
Topic: Asset allocation (net of capital gains tax?)
Replies: 9
Views: 1171

Asset allocation (net of capital gains tax?)

Forgive me if this topic has been covered elsewhere. I measure my asset allocation net of INCOME tax...i.e. I have pre- and post-tax accounts and for asset allocation purposes I count the value of the pre-tax accounts (i.e. IRAs, deferred compensation programs) NET of the income tax I expect to pay ...
by 209south
Sun Oct 09, 2016 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: Foresters Life? [Life Insurance]
Replies: 43
Views: 3276

Re: Foresters Life? [Life Insurance]

I am considering purchasing an additional deferred income annuity (DIA). In 2015 I purchased three separate joint-life DIAs from New York Life, with payments beginning at age 75, 80 and 85, respectively. I was fortunate at the time that the best pricing of such a product was available from NY Life,...
by 209south
Sat Oct 08, 2016 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Foresters Life? [Life Insurance]
Replies: 43
Views: 3276

Re: Foresters Life? [Life Insurance]

For 53 and nisi YES immediate annuities provided the ratings information...and that is what drove my question. Obviously for equivalent-rated insurers the pricing on offer is the key differentiator; the question is whether one should or should not step down the ratings in search of meaningfully high...

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