Search found 2320 matches

by CaliJim
Wed Dec 07, 2016 11:13 am
Forum: Personal Finance (Not Investing)
Topic: want to buy property, abandoned trailer on it
Replies: 37
Views: 2010

Re: want to buy property, abandoned trailer on it

What do they say in the Army? "If it moves, salute it, if it doesn't move, move it, if you can't move it, paint it".

So.... paint it.
by CaliJim
Tue Dec 06, 2016 12:39 pm
Forum: Investing - Theory, News & General
Topic: What was your Asset Allocation before and after retirement?
Replies: 91
Views: 7977

Re: What was your Asset Allocation before and after retirement?

More awesome charts (now with annual rebalancing): Whats interesting is, if you want to minimize your failure rate... just 20% bonds does pretty great. Holy Cognitive Dissonance Batman! :shock: I see. (I actually tried doing some of those Monte Carlo things myself earlier.... to see if I could make...
by CaliJim
Mon Dec 05, 2016 6:36 pm
Forum: Investing - Theory, News & General
Topic: What was your Asset Allocation before and after retirement?
Replies: 91
Views: 7977

Re: What was your Asset Aloocation before and after retirement?

When the market drops 50%, there is no assurance about how long it will take to recover. The sequence-of-returns problem can destroy your portfolio. Taking 5% of the initial investment each year Is not a "tiny slice". After a 50% drop, it is 10% of your portfolio. Do this for a few years ...
by CaliJim
Mon Dec 05, 2016 6:31 pm
Forum: Investing - Theory, News & General
Topic: Avoid the retirement danger zone
Replies: 18
Views: 4213

Re: Avoid the retirement danger zone

Many of these strategies assume to fund retirement for X years. How about you happen to live X+10 years or X-10 years? There are many risks to consider (or not consider), in addition to the sequence of returns risk. I think keeping your spending flexible with a healthy cushion is the key for a reti...
by CaliJim
Mon Dec 05, 2016 3:18 pm
Forum: Investing - Theory, News & General
Topic: Sequence of returns risk. Using puts to hedge.
Replies: 26
Views: 1567

Re: Sequence of returns risk. Using puts to hedge.

bigred77 wrote:I think you would be much better off by just lowering your allocation to equities


+1

Also, if you are in Jim OTARs gray zone, consider an SPIA. viewtopic.php?t=144663
by CaliJim
Mon Dec 05, 2016 3:07 pm
Forum: Investing - Theory, News & General
Topic: Avoid the retirement danger zone
Replies: 18
Views: 4213

Re: Avoid the retirement danger zone

Grt2bOutdoors wrote:Behavioral risk in the Retirement Red Zone - Prudential
http://www.retirementmadesimpler.org/Li ... k_4_09.pdf


This Prudential pdf does make good behavioral finance points, but it reads more like a Variable Annuity marketing piece. :confused
by CaliJim
Mon Dec 05, 2016 2:53 pm
Forum: Investing - Theory, News & General
Topic: Avoid the retirement danger zone
Replies: 18
Views: 4213

Re: Avoid the retirement danger zone

Is the bond tent any different than simply guiding equity allocations down and bond allocations up as you get closer to retirement date? Bond tent seems to be a different way of raising fixed income allocation. Yes. sort of. The article the OP references says that further analysis is needed WRT jus...
by CaliJim
Mon Dec 05, 2016 2:38 pm
Forum: Investing - Theory, News & General
Topic: Will increasing levels of automation propel developed markets ahead?
Replies: 3
Views: 362

Re: Will increasing levels of automation propel developed markets ahead?

Impossible to predict with certainty. Abundant supply could create plenty for all. On the other hand, over-investment could lead to increased competition and lower profit margins.

Diversify widely. Don't chase after the returns of prior years. Stay the course.
by CaliJim
Mon Dec 05, 2016 12:48 pm
Forum: Investing - Theory, News & General
Topic: Avoid the retirement danger zone
Replies: 18
Views: 4213

Re: Avoid the retirement danger zone

I think building a bond tent nearing retirement is a great idea.
by CaliJim
Sat Dec 03, 2016 11:22 pm
Forum: Personal Consumer Issues
Topic: Cleaning Tile Grout?
Replies: 8
Views: 1088

Re: Cleaning Tile Grout?

by CaliJim
Sat Dec 03, 2016 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Irrevocable trust set up and funding issues, is this normal?
Replies: 39
Views: 1393

Re: Irrevocable trust set up and funding issues, is this normal?

If your father had wanted for you to be able to make the investment decisions, he would have left the money to you free of trust, or he would have made you a trustee. He did neither. First, accept that. Attorneys bill by the minute last I checked. They will allow you to spend your money fighting th...
by CaliJim
Sat Dec 03, 2016 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Irrevocable trust set up and funding issues, is this normal?
Replies: 39
Views: 1393

Re: Irrevocable trust set up and funding issues, is this normal?

Talk to your lawyer again. Maybe investigate having the lawyer write a Boglehead-ish Investment Policy Statement and get the courts to admit it as an addendum to the trust. (I am not a lawyer - not even sure if this would work. However, I am updating our trust documents now, and our new lawyer and t...
by CaliJim
Sat Dec 03, 2016 1:25 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime Getting Stingy?
Replies: 64
Views: 7169

Re: Amazon Prime Getting Stingy?

I have noticed erratic slow shipping too. I ordered 2 boxes on Monday the 28th. It did not leave Amazon warehouse until the 30th. I expected them the 30th! I received one on Thursday the 1st. This second box sat UPS Phoenix warehouse for 2 and a half days. The second box has still not arrived has no...
by CaliJim
Sat Dec 03, 2016 12:57 am
Forum: Personal Finance (Not Investing)
Topic: Trust with a spendthrift heir
Replies: 18
Views: 2321

Re: Trust with a spendthrift heir

BH Way: Boglehead way - ie: keep it simple, thrifty, passive index investing, no active investment management

SPIA: Single Premium Immediate Annuity
by CaliJim
Fri Dec 02, 2016 5:10 pm
Forum: Investing - Theory, News & General
Topic: PSA - Bonds are on sale!
Replies: 5
Views: 1187

Re: PSA - Bonds are on sale!

Stunned. not sure what to say. but some thoughts your post stirred up: Are not bonds are aways on sale, (except after hours and weekends?) Good on you. I'm glad you have some bonds in your portfolio! IMHO: 20% fixed income minimum! Oh.... you like individual bonds better than bond funds/etf? Why is ...
by CaliJim
Fri Dec 02, 2016 5:03 pm
Forum: Personal Consumer Issues
Topic: Anyone use a tankless hot water heater???
Replies: 26
Views: 2371

Re: Anyone use a tankless hot water heater???

Also note - tankless need larger gas lines - another installation cost I don't have one myself. In my new house, the Mechanical Engineering firm said what was more important was a condensing style heater high efficiency unit. you don't loose that much heat from a well insulated tank. the issue is no...
by CaliJim
Fri Dec 02, 2016 12:35 am
Forum: Investing - Help with Personal Investments
Topic: Is This Insane?
Replies: 28
Views: 3466

Re: Is This Insane?

Stock market returns are not directly tied to growth I think the story goes like this: In the old days - when commercial airplane travel became a thing - everyone invested in airplane stocks because it was the next big growth thing. And.... the airline industry did grow and grow tremendously. Unfort...
by CaliJim
Fri Dec 02, 2016 12:26 am
Forum: Personal Consumer Issues
Topic: Concept2 Holiday Challenge (indoor rowing)
Replies: 9
Views: 1019

Re: Concept2 Holiday Challenge (indoor rowing)

I'm sorry... that is just a lot of rowing. :D

I do my 500m warmup, or 4x500 sprints... and then it is over to the squat rack.
by CaliJim
Fri Dec 02, 2016 12:19 am
Forum: Investing - Help with Personal Investments
Topic: Is This Insane?
Replies: 28
Views: 3466

Re: Is This Insane?

That is a lot of risk. Got deep pockets, steel balls, and a frugal lifestyle - go for it. Not my cup of tea though. If you want to have some fun, look up the historical return numbers and standard deviations, and plug the numbers into a monte carlo simulator. Volatility is the shits. Imagine how you...
by CaliJim
Thu Dec 01, 2016 10:58 pm
Forum: Investing - Theory, News & General
Topic: What was your Asset Allocation before and after retirement?
Replies: 91
Views: 7977

Re: What was your Asset Aloocation before and after retirement?

http://www.lrdatabase.com/stuff/crash.png Please remember the great depression Return % Year Start Value Year Stock ITT 50/50 100% Stocks 100% Bonds 50%/50% 1929 -8.9 7.5 -0.7 $1,000,000 $1,000,000 $1,000,000 1930 -22.0 6.1 -8.0 $865,309 $1,020,815 $943,062 1931 -43.0 0.4 -21.3 $635,907 $1,032,779 ...
by CaliJim
Mon Nov 28, 2016 6:08 pm
Forum: Personal Consumer Issues
Topic: Owning a Chromebook
Replies: 73
Views: 8009

Re: Owning a Chromebook

Apparently (no personal experience) you can access a PC or Mac from your Chromebook using remote desktop to run Quicken, etc.
http://www.laptopmag.com/articles/how-t ... chromebook
by CaliJim
Tue Nov 22, 2016 10:13 pm
Forum: Investing - Theory, News & General
Topic: Accounting and Governance (AGR) Score - any insights?
Replies: 3
Views: 323

Re: Accounting and Governance (AGR) Score - any insights?

Back in my working days, I was an insider with access to all sorts of company info (sales, inventory, financial, etc). Even as an insider, I was always surprised by my companies stock price movement. Unknowable things are always going on just outside our field of view.
by CaliJim
Tue Nov 22, 2016 9:54 pm
Forum: Investing - Help with Personal Investments
Topic: When is the best time to get into Bond Market?
Replies: 30
Views: 3313

Re: When is the best time to get into Bond Market?

Market timing aside, this question is also related to the question of lump sum vs dollar cost averaging.... and the wiki has an article for that: https://www.bogleheads.org/wiki/Dollar_cost_averaging#Dollar_cost_averaging_versus_lump_sum "Lump sum investing always carries a higher expected retu...
by CaliJim
Tue Nov 22, 2016 3:31 pm
Forum: Personal Consumer Issues
Topic: Poker Training Software
Replies: 30
Views: 2393

Re: Poker Training Software

I have learned that I play the best poker when I am not deep into the cups.
by CaliJim
Tue Nov 22, 2016 3:22 pm
Forum: Investing - Theory, News & General
Topic: What was your Asset Allocation before and after retirement?
Replies: 91
Views: 7977

What was your Asset Allocation before and after retirement?

I don't remember this being discussed, and if it was, I've forgotten what was said...so I will ask: Did you significantly change your asset allocation when you retired? Does moving from accumulation to decumulation change one's need and/or tolerance for risk? (I ask because recently there have been ...
by CaliJim
Tue Nov 22, 2016 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: crash
Replies: 10
Views: 1543

Re: crash

If you are concerned about your asset allocation now then there is a very real risk that you would panic and sell after a big market drop so it would be good to reduce the stocks to a level that will let you sleep well at night even in bad markets. It would be best if you could figure out an asset ...
by CaliJim
Mon Nov 21, 2016 10:46 pm
Forum: Investing - Help with Personal Investments
Topic: Wisdom of decision
Replies: 17
Views: 1718

Re: Wisdom of decision

We have a winner!
by CaliJim
Mon Nov 21, 2016 10:33 pm
Forum: Investing - Help with Personal Investments
Topic: crash
Replies: 10
Views: 1543

Re: crash

There are many 'rules of thumb' for asset allocation. "Age in Bonds" "110-Age in Equities" being two of them. Then there is always Adrian's rule for asset allocation. (https://www.bogleheads.org/forum/viewtopic.php?f=10&t=68111&p=947917#p947917) "Tolerable Loss x 2 =...
by CaliJim
Mon Nov 21, 2016 12:01 am
Forum: Investing - Help with Personal Investments
Topic: When to cash out state pension?
Replies: 16
Views: 1688

Re: When to cash out state pension?

Two driving thoughts: 1) Keep it simple. 2) Nobody can time the market. I'd take the lump sum now and invest it in accordance with the asset allocation in her Investment Policy Statement. Regarding the survivor benefit lump sum - I can't see that it would ever increase to more than 100% of her lump ...
by CaliJim
Sun Nov 20, 2016 11:45 pm
Forum: Investing - Theory, News & General
Topic: "As More States Legalize Marijuana, Investors And Marketers Line Up."
Replies: 8
Views: 1031

Re: "As More States Legalize Marijuana, Investors And Marketers Line Up."

We're already lined up! When any of these companies hit the index - we'll be owners too!
by CaliJim
Sun Nov 20, 2016 11:40 pm
Forum: Investing - Theory, News & General
Topic: Accounting and Governance (AGR) Score - any insights?
Replies: 3
Views: 323

Re: Accounting and Governance (AGR) Score - any insights?

Until you mentioned it... I'd never heard of AGR... so take my comments for what it is worth: Why do you own individual stocks? Why not use index funds? IMHO - The AGR is a marketing tool used by brokers to 1) limit their liability, and 2)increase your comfort level in owning individual stocks. If y...
by CaliJim
Sun Nov 20, 2016 11:09 pm
Forum: Investing - Theory, News & General
Topic: Is it responsible to buy tens of thousands of dollars of a fund at once?
Replies: 35
Views: 3112

Re: Is it responsible to buy tens of thousands of dollars of a fund at once?

I should have also mentioned in my original post that this is for buying the Vanguard Total Market Index Fund (VTSAX). That is a good fund to buy. Nobody knows what the market is going to do in the next 3 months. If you dollar cost average, say - by buying $10k / month, and the stock market rises f...
by CaliJim
Sun Nov 20, 2016 10:48 pm
Forum: Investing - Help with Personal Investments
Topic: Just joining the party
Replies: 15
Views: 1608

Re: Just joining the party

We are thinking about 75% domestic stocks, 15% International stock, 10% bond. Do I dare hold that much in bonds at this point? Welcome to the forum! So little debt, excellent. Keep it that way! (I can remember when I had 3x or 4x my annual salary in mortgage debt. I'm glad those days are behind me!...
by CaliJim
Sun Nov 20, 2016 10:27 pm
Forum: Investing - Help with Personal Investments
Topic: Wisdom of decision
Replies: 17
Views: 1718

Re: Wisdom of decision

Welcome to the forum. You've come to the right place if you want to take personal control over your financial situation. No body... NO BODY... is as interested in your wealth and retirement as you are. Whoever is ACTIVELY MANAGING your portfolio for 0.9% of AUM has their wealth and retirement in min...
by CaliJim
Sun Nov 20, 2016 10:20 pm
Forum: Investing - Theory, News & General
Topic: Is it responsible to buy tens of thousands of dollars of a fund at once?
Replies: 35
Views: 3112

Re: Is it responsible to buy tens of thousands of dollars of a fund at once?

It is perfectly responsible to buy tens of thousands in one transaction, so long as the transaction is in line with your Boglehead oriented Investment Policy Statement. If you don't have an IPS, don't have an age/wealth/risk-tolerance appropriate asset allocation... then it is not responsible to do ...
by CaliJim
Fri Nov 18, 2016 7:13 pm
Forum: Investing - Theory, News & General
Topic: Jonathan Clements Words of Wisdom
Replies: 12
Views: 2399

Re: Jonathan Clements Words of Wisdon

:( I clicked this thread without really reading the title....expecting some words of wisdom from Mark Twain.
by CaliJim
Wed Nov 16, 2016 11:15 pm
Forum: Personal Consumer Issues
Topic: Computer Backup Ideas
Replies: 51
Views: 3827

Re: Computer Backup Ideas

OK. Fair criticism of Carbonite. I've only 'heard' of it. I have 85gbs of photos/docs/scanned records backed up to Mozy. First upload took 'for ever', but now it updates quickly in the background - I probably generate well under 100mb a day of new info.
by CaliJim
Wed Nov 16, 2016 11:04 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Construction Help Wanted *EDITED 22 Nov
Replies: 28
Views: 2009

Re: Portfolio Construction Help Wanted

First post...looking for guidance ... 1. Suggestions on index fund(s) at Vanguard to buy into for the Roth IRA? 2. Should I transfer some or all of Roth IRA from Fidelity? 3. If I keep the account with Fidelity, should I sell some of the lifecycle fund (FFFGX) and buy a different fund? 4. The S&...
by CaliJim
Wed Nov 16, 2016 10:38 pm
Forum: Personal Consumer Issues
Topic: Computer Backup Ideas
Replies: 51
Views: 3827

Re: Computer Backup Ideas

You might look into cloud backup systems like Carbonite and Mozy I use Mozy and am very happy. If the house burns down, I'll be able to recover my pictures, documents, scanned records, and quicken database from the cloud. I like the fact that twice a day, automagically, in the background, it scans t...
by CaliJim
Tue Nov 15, 2016 8:07 pm
Forum: Investing - Theory, News & General
Topic: Total Stock vs Total Bond
Replies: 19
Views: 1653

Re: Total Stock vs Total Bond

10k in TSM
10k in BND

Cause I got a 50/50 AA.
by CaliJim
Sun Nov 13, 2016 10:54 pm
Forum: Personal Consumer Issues
Topic: Installing Solar Panels
Replies: 27
Views: 3455

Re: Installing Solar Panels

The point about roofing above is a good one. Get a roof inspection before they install the panels. Also...be sure to do some research and really understand how the net metering and annual true up billing works. Because: it does not pay to produce more kwhs than you will use yourself. I have a 5kva s...
by CaliJim
Sat Nov 12, 2016 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Determining the Cost Basis of a house, from 1966 ?
Replies: 22
Views: 2569

Re: Determining the Cost Basis of a house, from 1966 ?

AFAIK nobody has "inherited" anything yet. Half the house is in Trust A with living parent as beneficiary, the other in Trust B with limits on how the assets can be distributed to the living parent. As I understand it, each Trust is a separate entity entitled to a $250k Exclusion. Have yo...
by CaliJim
Sat Nov 12, 2016 2:02 pm
Forum: Investing - Theory, News & General
Topic: Total Bond Index
Replies: 15
Views: 2752

Re: Total Bond Index

I have A LOT in the california intermediate muni fund, and it is easier to keep it simple without having lots of different funds. This one works. Larry, in his bond book, says the sweet spot is in intermediate, not long term. I believe him. I'm not too worried about single state risk. CA has a prett...
by CaliJim
Sat Nov 12, 2016 1:47 am
Forum: Investing - Theory, News & General
Topic: Portfolio = over 98% of Net Worth (too much invested?)
Replies: 20
Views: 3055

Re: Portfolio = over 98% of Net Worth (too much invested?)

Our current expense ratio - (annual spending including taxes / portfolio value) is 1.9%. You are fine. Congratulations. You've won. Go buy an RV and catch up with Rick Ferri. Exercise a lot. Enjoy a low carb diet. Read Jim's book under a shade tree. And if you believe Larry Swedroe, have a reasonab...
by CaliJim
Sat Nov 12, 2016 1:39 am
Forum: Investing - Help with Personal Investments
Topic: Advise please on buying individ calif muni bond
Replies: 2
Views: 354

Re: Advise please on buying individ calif muni bond

You were lucky to buy your last bond when rates were higher, and then they went down. So you feel good. You won at the bond yield roulette table. Now the rates are lower than a while ago, and perhaps creeping up a bit. And they will likely go up or down from here. :twisted: If rates go up a lot, how...
by CaliJim
Sat Nov 12, 2016 1:17 am
Forum: Investing - Theory, News & General
Topic: Portfolio = over 98% of Net Worth (too much invested?)
Replies: 20
Views: 3055

Re: Portfolio = over 98% of Net Worth (too much invested?)

If your expense ratio is low enough - then you don't need to give up principle for mortality credits .

Since no kids.....I'm assuming no heirs to whom you want to leave a legacy.

If you are charitably minded - you could look at a charitable remainder trust. But I'd do that later, 50 is too young.
by CaliJim
Sat Nov 12, 2016 1:09 am
Forum: Investing - Theory, News & General
Topic: Portfolio = over 98% of Net Worth (too much invested?)
Replies: 20
Views: 3055

Re: Portfolio = over 98% of Net Worth (too much invested?)

I wouldn't be worried by the 98% number. When annuities have been discussed here in the past, I believe the consensus has been to delay buying an annuity until later...late 60's or 70's. Not enough in mortality credits to be worth annuitizing before then. And then, only buy a single premium immediat...

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