Search found 1999 matches

by Dulocracy
Tue Aug 23, 2016 3:56 pm
Forum: Personal Consumer Issues
Topic: cost to build a deck?
Replies: 10
Views: 953

Re: cost to build a deck?

That price sounds a little high to me as well, but "Southeast" can be different. Rural Mississippi prices and downtown Atlanta prices will be different. If you live in the metro-Atlanta area, I know a deck guy that has a great reputation if you want a referral. PM me. Otherwise, you may co...
by Dulocracy
Tue Aug 23, 2016 3:37 pm
Forum: Personal Consumer Issues
Topic: Get rich quick?
Replies: 52
Views: 8875

Re: Get rich quick?

Manage other people's money and charge a modest 1% fee.
by Dulocracy
Mon Aug 22, 2016 10:39 am
Forum: Personal Consumer Issues
Topic: Favorite Asian Vacation?
Replies: 37
Views: 3189

Re: Favorite Asian Vacation?

We LOVED Japan. As a young couple (I was a little older than you are and she was a little younger), we were able to enjoy some of the night life in Tokyo. We enjoyed the great history that the country had to offer. Kyoto was amazing, and Gion square is a must if you go to Kyoto, as it is a great pla...
by Dulocracy
Sat Aug 20, 2016 10:36 pm
Forum: Personal Consumer Issues
Topic: What is your system for dealing with coins?
Replies: 116
Views: 6607

Re: What is your system for dealing with coins?

I let them accumulate in a jar. Every once in a while, I take them to the bank when I am going anyway (so as not to burn extra gas and time). I put the change towards the mortgage.
by Dulocracy
Sat Aug 20, 2016 10:30 pm
Forum: Investing - Help with Personal Investments
Topic: Rick Ferri Portfolio Review
Replies: 34
Views: 4008

Re: Rick Ferri Portfolio Review

moneywise3 wrote:You don't need extra REIT. There's a very few people with special goals that need that.


With all due respect, OP has not given us enough information to ascertain whether an additional allocation to REITs would be appropriate.
by Dulocracy
Fri Aug 19, 2016 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: Ultra aggressive index portfolio for a 30 yo with high risk tolerance?
Replies: 47
Views: 3953

Re: Ultra aggressive index portfolio for a 30 yo with high risk tolerance?

OP: 60/40 total US/ total intl is a reasonable portfolio at your age. Go for it. When you were talking about an aggressive portfolio, I thought you were talking about something like my small/value tilt portfolio. I am approaching 40, and my equities look like this: 20% lg value 10% mid blend 10% mid...
by Dulocracy
Fri Aug 19, 2016 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Pre-nup questions
Replies: 35
Views: 4241

Re: Pre-nup questions

So you make a business of having agreements between consenting adults invalidated? Congrats? As any attorney handling a contract: I make a business of having improperly drafted agreements that do not conform with the state law set aside. Absolutely. If the document is valid, I advise my client that...
by Dulocracy
Fri Aug 19, 2016 8:53 am
Forum: Investing - Help with Personal Investments
Topic: What does a Boglehead do if we experience inflation
Replies: 30
Views: 2888

Re: What does a Boglehead do if we experience inflation

Thanks for the great reply. This makes sense for what I might do right now to shield against inflationary risks in the future. However, I'm still left with one vital questions: When my desired portfolio allocation goes out of whack, because my stocks go up as my bonds decrease in value, do I sell s...
by Dulocracy
Thu Aug 18, 2016 9:39 am
Forum: Investing - Theory, News & General
Topic: Dividends, and the curse of popularity
Replies: 91
Views: 6246

Re: Dividends, and the curse of popularity

Larry, previously, you stated that a dividend fund in a tax advantaged account was not as bad as one in taxable, and that it would not be bad to use it for one's large value allocation if it was what was available. Does that still hold true? As an example, I have available: American Funds Growth Fun...
by Dulocracy
Thu Aug 18, 2016 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Pre-nup questions
Replies: 35
Views: 4241

Re: Pre-nup questions

... I have regularly had prenuptial agreements thrown out. This includes those drafted by attorneys. ... They don't get thrown out very often, though we had an estate where the surviving spouse successfully challenged the prenuptial agreement (the case was settled on appeal), and another where the ...
by Dulocracy
Thu Aug 18, 2016 9:28 am
Forum: Investing - Theory, News & General
Topic: Better growth? Or on how the value premium ends
Replies: 207
Views: 9222

Re: Better growth? Or on how the value premium ends

I think it is highly unlikely that with people studying the market for long periods of time, all of a sudden they are going to start doing a better job of figuring it out. The market is like a slippery fish. As soon as you think you have it in one spot, it wiggles. You can try to hold it in one spot...
by Dulocracy
Thu Aug 11, 2016 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Pre-nup questions
Replies: 35
Views: 4241

Re: Pre-nup questions

a. Is an estate planning attorney sufficient or does she need a matrimonial attorney for the pre-nup? bsteiner says the estate planning attorney should be fine, so that's good enough for me. Again, I cannot emphasize enough that I think this could be a mistake. Bsteiner is better at investing than ...
by Dulocracy
Thu Aug 11, 2016 6:45 pm
Forum: Personal Consumer Issues
Topic: How much vacation time do you get at work?
Replies: 148
Views: 8312

Re: How much vacation time do you get at work?

10 days paid time off. I take it.
by Dulocracy
Thu Aug 11, 2016 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: HSA - Refund from provider
Replies: 3
Views: 291

Re: HSA - Refund from provider

See IRS Notice 2004-50. A-76. No, this is optional. If the HSA trust or custodial agreement allows the return of mistaken distributions as described in Q&A 37, the trustee or custodian may rely on the account beneficiary’s representation that the distribution was, in fact, a mistake. So, check ...
by Dulocracy
Thu Aug 11, 2016 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Pre-nup questions
Replies: 35
Views: 4241

Re: Pre-nup questions

What type of attorney to get: I handle both estate and family law matters in a different state. If I only handled estate matters, it would be irresponsible for me to draft a prenuptial agreement in my state, because of the strict rules regarding these documents. I have had numerous prenuptial agreem...
by Dulocracy
Thu Aug 11, 2016 10:24 am
Forum: Personal Finance (Not Investing)
Topic: HSA - Refund from provider
Replies: 3
Views: 291

HSA - Refund from provider

My wife has some dental work that must be done. The dentist's office offers a discount for paying in advance before the appointment, however, they do not know whether or not she will need a root canal until they are there. My question is if I pay the amount required for the procedure and it is not n...
by Dulocracy
Wed Aug 10, 2016 4:32 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1858
Views: 426790

Re: What Movie Have You Recently Watched?

We just watched "The Martian," and it was phenomenal. It is hard to have a good man vs. nature movie in a day when most of them have been done.
by Dulocracy
Wed Aug 10, 2016 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Websites - CNBC & Fox Business
Replies: 13
Views: 1252

Re: Websites - CNBC & Fox Business

Honestly, I used to read a lot of financial articles. I found that most of it was noise, some of it was wrong, most of it was biased, and many of the articles were clickbait with little substance. I use this site as my primary source of information. If a good article or website comes up, I follow-up...
by Dulocracy
Wed Aug 10, 2016 12:08 pm
Forum: Personal Consumer Issues
Topic: Experience Living in an Old House?
Replies: 42
Views: 3441

Re: Experience Living in an Old House?

1) Historic Registry- this may mean that you have to get permission for any architectural work and have to pay someone more who is a preservationist. Check your local and state laws. 2) Old homes are much more expensive. Lots of repairs as you go. Get a home inspection. Many of the repairs are destr...
by Dulocracy
Mon Aug 08, 2016 9:59 am
Forum: Investing - Theory, News & General
Topic: Rick Ferri's Bond Portfolio
Replies: 29
Views: 4009

Re: Rick Ferri's Bond Portfolio

Most bogleheads prefer to take their risk on the equity side of the portfolio... What is your basis for this conclusion? 1) That it is often stated on this website. Contrary opinions are often stated as well, and I am not aware of any poll or data that shows which opinion is held by most Bogleheads...
by Dulocracy
Mon Aug 08, 2016 9:44 am
Forum: Investing - Theory, News & General
Topic: Home Equity as "Fixed Income" allocation
Replies: 64
Views: 3519

Re: Home Equity as "Fixed Income" allocation

Again, you have to look at the "reverse bond" strategy/idea differently. You are not comparing the house to a bond fund. You are comparing the legal instrument of the mortgage to the bond fund. Here was the OP's question: Curious if any of you count the equity in your home as part of your...
by Dulocracy
Mon Aug 08, 2016 9:09 am
Forum: Investing - Theory, News & General
Topic: Rick Ferri's Bond Portfolio
Replies: 29
Views: 4009

Re: Rick Ferri's Bond Portfolio

Most bogleheads prefer to take their risk on the equity side of the portfolio... What is your basis for this conclusion? 1) That it is often stated on this website. 2) That many of the prominent authors recommended on this website make similar statements. 3) This seems to be the predominant thought...
by Dulocracy
Mon Aug 08, 2016 9:03 am
Forum: Investing - Theory, News & General
Topic: Rick Ferri's Bond Portfolio
Replies: 29
Views: 4009

Re: Rick Ferri's Bond Portfolio

It's strange for some to think that you can add a somewhat risky asset class when viewed in isolation (or riskier that US bonds), yet actually increase the risk-adjusted return of the portfolio by doing so. Strange, but its true. Agreed, but that is risk-adjusted return. I never disagreed with you ...
by Dulocracy
Mon Aug 08, 2016 8:51 am
Forum: Investing - Theory, News & General
Topic: How much international stock? A suggestion.
Replies: 84
Views: 7397

Re: How much international stock? A suggestion.

Was there not a more recent Vanguard study saying 30-40%? I wound up picking 40% based on something I read from Vanguard saying 30-40 and another study stating 40-50 was the right amount. I set mine at 40%, which also acts as enough to hedge any Japan situation (however unlikely) in the US. Of cours...
by Dulocracy
Fri Aug 05, 2016 5:32 pm
Forum: Investing - Theory, News & General
Topic: Rick Ferri's Bond Portfolio
Replies: 29
Views: 4009

Re: Rick Ferri's Bond Portfolio

A bond portfolio without international bonds is anything but the most diversified bond portfolio. International bonds are the largest global asset class, so to exclude them is a major tilt. I think you should include international bonds, and FWIW, so does Vanguard. Vanguard thinks they should sell ...
by Dulocracy
Fri Aug 05, 2016 5:24 pm
Forum: Investing - Theory, News & General
Topic: Home Equity as "Fixed Income" allocation
Replies: 64
Views: 3519

Re: Home Equity as "Fixed Income" allocation

I thought the point of bonds is that they were a "fixed income" asset ie. they pay a set amount per year. Wouldn't the asset (house) be the same kind of idea, just with less opportunity to re-invest proceeds? For some people the "fixed income" part may be important, but to me (a...
by Dulocracy
Fri Aug 05, 2016 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: Planning for the "new normal": how?
Replies: 49
Views: 5096

Re: Planning for the "new normal": how?

it reminds me of people i know who are obsessed with either exercise or healthy eating... very few of them seem that happy. ok, so you're prolonging your life, but if it's not a happy one why excessively prolong it? I am not sure who you know, but a lot of the people I know who are obsessed with ex...
by Dulocracy
Fri Aug 05, 2016 3:24 pm
Forum: Investing - Theory, News & General
Topic: Home Equity as "Fixed Income" allocation
Replies: 64
Views: 3519

Re: Home Equity as "Fixed Income" allocation

YES! OP, I am so very sorry that I stepped away from this website for a bit, as I missed some good conversation about a matter on which I have posted. What you are talking about is a reverse-bond strategy using the mortgage. At one time, it was on the wiki of this site, but I cannot find it there an...
by Dulocracy
Fri Jul 01, 2016 2:31 pm
Forum: Investing - Theory, News & General
Topic: Really bad days (RBDs) and porfolio performance
Replies: 39
Views: 2260

Re: Really bad days (RBDs) and porfolio performance

[quote="slickwillbo"]To answer a few of the questions: @greg24, @Dulocracy: I don't know exactly what livesoft does, but he has mentioned that he increases his stock allocation in response to RBDs. I'm using 5%/30 days just as a guideline because I like round numbers. You are welcome to pl...
by Dulocracy
Fri Jul 01, 2016 2:17 pm
Forum: Investing - Theory, News & General
Topic: Another argument against "price drop means stocks are on sale"
Replies: 101
Views: 5516

Re: Another argument against "price drop means stocks are on sale"

This is true, but waiting for a "buying opportunity" can cause you to ultimately buy at a higher price than when you first had the money available and earmarked for investing in that asset. That is the actionability of the concept. If you're merely saying that today is a better opportunit...
by Dulocracy
Fri Jul 01, 2016 1:59 pm
Forum: Investing - Theory, News & General
Topic: Another argument against "price drop means stocks are on sale"
Replies: 101
Views: 5516

Re: Another argument against "price drop means stocks are on sale"

To be clear, that is NOT what we are talking about here. We are not talking about ONLY investing on RBDs. We are talking about DCA investing with rebalancing on RBDs. Numerous posts on this site show that rebalancing on RBDs does increase returns. I don't think the posts on this site show anything ...
by Dulocracy
Fri Jul 01, 2016 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Forgot to file 8949 - should I amend?
Replies: 3
Views: 512

Re: Forgot to file 8949 - should I amend?

Phineas J. Whoopee wrote:Many posters here disagree with my opinion.

Yes, you should file an amended return with form 8949, even if it doesn't change your tax for the year in question. That way everybody's paperwork will say the same thing, thus reducing the likelihood of future misunderstandings.

PJW


Agreed.
by Dulocracy
Fri Jul 01, 2016 1:13 pm
Forum: Investing - Theory, News & General
Topic: Really bad days (RBDs) and porfolio performance
Replies: 39
Views: 2260

Re: Really bad days (RBDs) and porfolio performance

Thank you for your analysis, but this is a discussion of apples and oranges. Because most of us do not rebalance our portfolios on a daily basis (nor does my 401k allow such a thing, to my knowledge), this is a bad comparison. Many in fact continuously re-balance, by virtue of owning balanced or ta...
by Dulocracy
Fri Jul 01, 2016 1:01 pm
Forum: Investing - Theory, News & General
Topic: Another argument against "price drop means stocks are on sale"
Replies: 101
Views: 5516

Re: Another argument against "price drop means stocks are on sale"

On some other thread someone posted some research comparing purchasing only on RBDs vs. the good old fashioned DCA/buy every X period strategy, and if I recall, the RBD strategy either did nothing or close to nothing to improve returns. To be clear, that is NOT what we are talking about here. We ar...
by Dulocracy
Fri Jul 01, 2016 12:26 pm
Forum: Investing - Theory, News & General
Topic: Really bad days (RBDs) and porfolio performance
Replies: 39
Views: 2260

Re: Really bad days (RBDs) and porfolio performance

livesoft and I were having a discussion on RBD (really bad day) strategy in another thread.... Thank you for your analysis, but this is a discussion of apples and oranges. Because most of us do not rebalance our portfolios on a daily basis (nor does my 401k allow such a thing, to my knowledge), thi...
by Dulocracy
Fri Jul 01, 2016 12:13 pm
Forum: Personal Consumer Issues
Topic: Safe, affordable European cities to travel?
Replies: 38
Views: 3708

Re: Safe, affordable European cities to travel?

It is important to note that, with the current migrant issues, "safe" city is a relative term. Crime is often a result of desperate people. Increase the number of desperate people, and you wind up with more crime. Invest in passport carriers that go around your neck (and under your clothes...
by Dulocracy
Fri Jul 01, 2016 12:08 pm
Forum: Personal Consumer Issues
Topic: Best martial arts for kids fitness?
Replies: 28
Views: 1738

Re: Best martial arts for kids fitness?

Boxing. If you are not worried about the ability to fight in the street, this is the way to go. With its constant movement, boxing is by far the most energy consuming martial art in which I have been involved. A lot of boxing is footwork, despite people's thought that it is all about punching.
by Dulocracy
Fri Jul 01, 2016 9:37 am
Forum: Investing - Theory, News & General
Topic: As a new investor that is still learning I am making it through Brexit!
Replies: 31
Views: 2963

Re: As a new investor that is still learning I am making it through Brexit!

Stocks were only down on the Brexit day and the following Monday. I'm a little concerned you called your FA after only a 2 day drop. Not trying to be a negative Nancy but this might be a sign your stock allocation is too high. If this spooked you, let me tell you, you aint seen nuthin' yet. The sto...
by Dulocracy
Fri Jul 01, 2016 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage immediately? Or keep plugging along?
Replies: 57
Views: 4258

Re: Pay off mortgage immediately? Or keep plugging along?

Yes, OP is in a single-income household, and would be absolutely crazy to pay it off right now and leave so little in cash for emergencies. While the Roth IRAs can be used as EF, that is not very wise as the opportunity to contribute again will be lost if the funds are not redeposited within 60 day...
by Dulocracy
Fri Jul 01, 2016 8:48 am
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 973
Views: 218109

Re: Best watch for around $5,000?

roymeo wrote:
Been 10 years since I was there, but far too much of ATL was all about the new money conspicuous consumption. :)


Unfortunately, that has not changed.
by Dulocracy
Fri Jul 01, 2016 8:47 am
Forum: Investing - Theory, News & General
Topic: A look at REITs, and a new study
Replies: 52
Views: 4655

Re: A look at REITs, and a new study

Thank you for the article. My wife and I have an allocation to REITs, but we have put the purchase of new REITs on hold until returns come back into reasonable territory.
by Dulocracy
Wed Jun 29, 2016 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: Back for Advice- 401k
Replies: 9
Views: 695

Re: Back for Advice- 401k

I would do the following, based on those options: Of the US portion, if you want market weighting, do: 70% Vanguard 500 Index Fund #540 .05% 20% VMCIX Vanguard Mid Cap Index .08% 10% Vanguard Small cap Index AD .09% If you want a size tilt, go: 50% Vanguard 500 Index Fund #540 .05% 25% VMCIX Vanguar...
by Dulocracy
Wed Jun 29, 2016 1:52 pm
Forum: Investing - Theory, News & General
Topic: Another argument against "price drop means stocks are on sale"
Replies: 101
Views: 5516

Re: Another argument against "price drop means stocks are on sale"

Fine, but I would suggest to Livesoft that (s)he simply reallocate whenever his/her allocation happens to be off. This means (s)he will reallocate on both good days and bad days. That seems to be more in line with the data. A very good point. I believe this is what livesoft does. (I use livesoft as...
by Dulocracy
Wed Jun 29, 2016 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: pay of mortgage on second home question
Replies: 5
Views: 500

Re: pay of mortgage on second home question

See Paying down loans versus investing on the wiki. Since you are planning to sell this home in seven years, you will get the full benefit of your payoff in seven years, so you are effectively buying a 7-year CD at 3.875% with the money you pay on the mortgage. That is a very good deal. That is a v...
by Dulocracy
Wed Jun 29, 2016 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a friend's student loans?
Replies: 21
Views: 2377

Re: Buying a friend's student loans?

No. 1000 times no. As others have mentioned, this person would be getting rid of a bankrupt-proof loan and taking a loan easily discharged in bankruptcy. If the lender wants 6% based on your friend's ability to pay back on a loan that cannot be gotten rid of in bankruptcy, why would you offer lower ...
by Dulocracy
Wed Jun 29, 2016 1:42 pm
Forum: Investing - Theory, News & General
Topic: Another argument against "price drop means stocks are on sale"
Replies: 101
Views: 5516

Re: Another argument against "price drop means stocks are on sale"

Had the price remained the same yesterday, I would estimate my *future* (from today) expected annual return to be x%, with y volatility. Had the price dropped yesterday, I would estimate my *future* (from today) expected annual return to be x%, with y volatility. (I.e., exactly the same.) Had the p...
by Dulocracy
Wed Jun 29, 2016 12:56 pm
Forum: Investing - Theory, News & General
Topic: Another argument against "price drop means stocks are on sale"
Replies: 101
Views: 5516

Re: Another argument against "price drop means stocks are on sale"

To try to clarify even more: When you say "returns are better after a recent drop", you simply mean it's better to have bought after the drop than before it. Obviously true and indisputable. When I say "returns are *not* better after a recent drop", I mean that the expected *fut...
by Dulocracy
Wed Jun 29, 2016 12:48 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 973
Views: 218109

Re: Best watch for around $5,000?

Probably wouldn't matter, unless subconsciously. If he was wearing a Rolex, it might actually disturb me a little, figure he was going to get it back in fees. But that's just cheapskate me, so you might not want me as a client.. Actually, our firm focuses on upper middle to upper class individuals ...
by Dulocracy
Wed Jun 29, 2016 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage immediately? Or keep plugging along?
Replies: 57
Views: 4258

Re: Pay off mortgage immediately? Or keep plugging along?

Pay the mortgage off. It is very liberating to own your house and a job loss won't force you to sell. Dottie57, Really? OP has only 5K of Emergency Fund if he does that. With annual income of 150K, he would be selling something from retirement accounts in a few months. After one to two years of une...
by Dulocracy
Tue Jun 28, 2016 2:52 pm
Forum: Investing - Theory, News & General
Topic: Another argument against "price drop means stocks are on sale"
Replies: 101
Views: 5516

Re: Another argument against "price drop means stocks are on sale"

Any positive amount. I'm saying I've seen no evidence that a "wait to buy after big drops" will provide *any* advantage over just buying when you have the money. Herein we have the problem. Many agree that you should not wait for drops. The expression on this site about stocks being on sa...

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