Search found 701 matches

by FIREchief
Sat Apr 22, 2017 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 52
Views: 3788

Re: Trust Services

If a trust clearly directs an independent trustee to invest only in passively managed index funds, perhaps with specific mention of valid examples, then there is absolutely no need for "asset management." Just do what the trust says! This approach is not without its issues - as has been w...
by FIREchief
Fri Apr 21, 2017 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 52
Views: 3788

Re: Trust Services

...I agree with all of this, which is why I feel that a trust that restricts a trustee to index investing should also have a means to modify that requirement in the event the future is radically different. The Trust Protector approach is one way to do this. There is already appropriate boilerplate ...
by FIREchief
Thu Apr 20, 2017 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 52
Views: 3788

Re: Trust Services

I don't have the hubris to think I know all the details of how an index fund is managed today, let alone that I know exactly how investing should be conducted 50 years from now. I would not want to write into my trust a requirement that all investments, for the life of the trust, must follow my cur...
by FIREchief
Wed Apr 19, 2017 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 52
Views: 3788

Re: Trust Services

What might those other ways be? If, in the future, there is something better than low cost passively managed index based funds, and your trust forbids investing in them, what does your trustee do? Go to court to change the trust? It's very simple. The trust can allow the beneficiaries to appoint an...
by FIREchief
Wed Apr 19, 2017 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 52
Views: 3788

Re: Trust Services

I've mentioned this multiple times, but for some strange reason I've yet to find anybody who will accept this as a valid approach. That said, nobody has yet provided any reasons why this won't work as intended. I guess my only comment is using the "low cost, passively managed, index based inve...
by FIREchief
Wed Apr 19, 2017 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 52
Views: 3788

Re: Trust Services

The trust can allow the beneficiaries to appoint an independent trust protector who is able to modify the investment directions within the trust. There is standard language currently in use that can be incorporated into the trust to allow this. By using this approach, you can have your cake (near t...
by FIREchief
Wed Apr 19, 2017 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 52
Views: 3788

Re: Trust Services

Without limiting the Trustees’ investment authority in any way, the Trustees shall exercise reasonable care and skill in selecting and retaining trust investments and the Trustees shall take into account the following factors in choosing investments for the Trust: The potential return from the inve...
by FIREchief
Wed Apr 19, 2017 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 52
Views: 3788

Re: Trust Services

What might those other ways be? If, in the future, there is something better than low cost passively managed index based funds, and your trust forbids investing in them, what does your trustee do? Go to court to change the trust? It's very simple. The trust can allow the beneficiaries to appoint an...
by FIREchief
Wed Apr 19, 2017 2:09 am
Forum: Personal Finance (Not Investing)
Topic: What kind of stuff would you never DIY, assuming you could?
Replies: 75
Views: 5635

Re: What kind of stuff would you never DIY, assuming you could?

JGoneRiding wrote:I feel the need to point out that plumers don't do gas lines. Just saying.


????! If plumers (sic) don't "do" gas lines, who does?
by FIREchief
Wed Apr 19, 2017 1:56 am
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 52
Views: 3788

Re: Trust Services

Nobody likes this, but I'll post it anyway. You can write your trust to require 100% investment in low cost, passively managed, index based investments. Everybody, including the courts, understands exactly what this means. This will supersede any and all state laws regarding prudent investing. If th...
by FIREchief
Sun Apr 02, 2017 11:37 pm
Forum: Investing - Theory, News & General
Topic: nice short piece on the math of factor investing
Replies: 202
Views: 10026

Re: nice short piece on the math of factor investing

I take serious exception to the continued definition contortions used by those selling factor strategies. An increased concentration into a risky asset is the opposite of diversification. If you want to promote factors because you think taking the risks that they will show up in the future and prov...
by FIREchief
Sun Apr 02, 2017 11:22 pm
Forum: Investing - Theory, News & General
Topic: nice short piece on the math of factor investing
Replies: 202
Views: 10026

Re: nice short piece on the math of factor investing

I take serious exception to the continued definition contortions used by those selling factor strategies. An increased concentration into a risky asset is the opposite of diversification. If you want to promote factors because you think taking the risks that they will show up in the future and prov...
by FIREchief
Thu Mar 23, 2017 2:04 am
Forum: Personal Finance (Not Investing)
Topic: Living Trust - Death of grantor/trustee
Replies: 18
Views: 1349

Re: Living Trust - Death of grantor/trustee

This sounds like, once again, Vanguard is using some archaic process to make peoples' lives more difficult. Do they really make people create new accounts?!
by FIREchief
Wed Mar 15, 2017 2:07 pm
Forum: Investing - Theory, News & General
Topic: BND Jumps 0.5% on Fed Announcement
Replies: 43
Views: 4327

Re: BND Jumps 0.5% on Fed Announcement

Shouldn't a rate increase make it drop?
by FIREchief
Tue Mar 14, 2017 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion taxes - sell after-tax or borrow from HELOC?
Replies: 4
Views: 325

Re: Roth conversion taxes - sell after-tax or borrow from HELOC?

DSInvestor wrote: If dividends are not sufficient and you have to sell, specify the tax lots with the highest cost basis when selling to minimize the capital gain realized.


Or, borrow from the HELOC and avoid the NIIT on the gains entirely?
by FIREchief
Tue Mar 14, 2017 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion taxes - sell after-tax or borrow from HELOC?
Replies: 4
Views: 325

Roth conversion taxes - sell after-tax or borrow from HELOC?

I've been planning to sell some appreciated after-tax equity investments to pay estimated taxes on January 2017 Roth conversions. Now, there is a good possibility that the NIIT will be gone Jan 1, 2018. Should I borrow against HELOC to pay estimated taxes for the reminder of 2017; and then sell afte...
by FIREchief
Mon Mar 06, 2017 4:33 pm
Forum: Investing - Theory, News & General
Topic: "Unshakeable," by Tony Robbins
Replies: 17
Views: 3790

Re: "Unshakeable," by Tony Robbins

Fees for Portfolio Management Services Creative Planning charges an annual percentage-based fee for Portfolio Management Services. The annual fee is based on the fair market or agreed upon value of the client’s account assets determined as of the last business day of each calendar quarter. Annual f...
by FIREchief
Mon Mar 06, 2017 4:28 pm
Forum: Investing - Theory, News & General
Topic: Did you buy SNAP?
Replies: 85
Views: 6701

Re: Did you buy SNAP?

anonforthis wrote:I bought SNAP at $29 with my lunch monies and now it is $25.

I know I am going against Bogleheads but I bought them with fun monies.


Dropping 14% sure doesn't sound like much "fun." :oops:
by FIREchief
Sun Mar 05, 2017 12:59 am
Forum: Personal Finance (Not Investing)
Topic: Irrevocable trust set up and funding issues, is this normal?
Replies: 47
Views: 2687

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

Page 8 of Vanguard's brochure says that their annual trustee's commissions (fees) are $2.500 plus 0.7% on the first $1 million, 0.35% on the next $1 million, 0.2% on the next $8 million, and perhaps negotiable over $10 million: https://personal.vanguard.com/pdf/eptsb.pdf. The costs of the underlyin...
by FIREchief
Sun Mar 05, 2017 12:28 am
Forum: Investing - Theory, News & General
Topic: issue left unexplained in Warren Bufett's 2017-02-25 letter
Replies: 9
Views: 1421

Re: issue left unexplained in Warren Bufett's 2017-02-25 letter

In his recent letter to Berkshire-Hathaway shareholders ( http://berkshirehathaway.com/letters/2016ltr.pdf ), Warren Buffett wrote this in the 1st paragraph of page 24: If Group A (active investors) and Group B (do-nothing investors) comprise the total investing universe, and B is destined to achie...
by FIREchief
Sat Mar 04, 2017 10:22 pm
Forum: Investing - Theory, News & General
Topic: Mom & Pop investors piling in. Bad Sign/Good sign?
Replies: 36
Views: 6983

Re: Mom & Pop investors piling in. Bad Sign/Good sign?

There is an old saying that bull markets are characterized by a general feeling of pain and disbelief among investors. They can't believe how high the market has risen and are feeling pain because they were sitting on the sidelines. If Mom and Pop are now throwing money at this market in hopes of ea...
by FIREchief
Sat Mar 04, 2017 10:17 pm
Forum: Investing - Theory, News & General
Topic: Would like comments on this Roth Conversion quote.
Replies: 30
Views: 2477

Re: Would like comments on this Roth Conversion quote.

What do you think of this comment as a "general rule" for Roth conversions? "Advisers say you generally need to hold the Roth IRA for 15 to 20 years to make it pay off. So they generally don't recommend conversion for anyone over age 60." I think it is a silly comment without ba...
by FIREchief
Fri Mar 03, 2017 11:55 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Lousy Customer Service
Replies: 84
Views: 6176

Re: Vanguard Lousy Customer Service

On another note, this morning, I moved an old Fidelity 401k to a Fidelity IRA. All online, took all of 12 minutes. No signatures, no 1825 era mail, no medal of honor guarantees from the Pope . I can go online and see progress along the way very easily. Well....I've done this from other providers to...
by FIREchief
Sat Feb 25, 2017 12:39 am
Forum: Personal Finance (Not Investing)
Topic: Pre-retirement checklist, what is on yours?
Replies: 72
Views: 5651

Re: Pre-retirement checklist, what is on yours?

What items beyond reaching a certain level of savings are on your retirement checklist? Here is mine so far, some have been taken care of others may be in progress. I am sure I am missing some things and there are things others might feel unnecessary. Also, interested in hearing from those who are ...
by FIREchief
Fri Feb 24, 2017 10:39 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Lousy Customer Service
Replies: 84
Views: 6176

Re: Vanguard Lousy Customer Service

On another note, this morning, I moved an old Fidelity 401k to a Fidelity IRA. All online, took all of 12 minutes. No signatures, no 1825 era mail, no medal of honor guarantees from the Pope . I can go online and see progress along the way very easily. Well....I've done this from other providers to...
by FIREchief
Fri Feb 24, 2017 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: S&P at 22 times multiple
Replies: 40
Views: 4776

Re: S&P at 22 times multiple

If you want a better understanding of market pricing I would look for what the PE is forecast to be at the end of 2017 not today. You are basically trying to drive forward while looking in the rear view mirror, while the market drives forward while looking through hazy glasses and dim light. Agree ...
by FIREchief
Fri Feb 24, 2017 1:00 am
Forum: Personal Finance (Not Investing)
Topic: Would I have legal standing? Severence
Replies: 12
Views: 1955

Re: Would I have legal standing? Severence

Every severance policy i have ever seen has been totally at companies discretion. I assume I am getting $0 and plan accordingly. Exactly this^^^^^^. Severance plans for lower level salaried employees are a fairly recent development and primarily intended to benefit Megacorp. They pay you off with s...
by FIREchief
Fri Feb 24, 2017 12:46 am
Forum: Investing - Help with Personal Investments
Topic: risk of my Tesla deposit
Replies: 147
Views: 10701

Re: risk of my Tesla deposit

If it were me, I would cancel and get my deposit back. There are many smart options for transportation that don't require this type of commitment.
by FIREchief
Fri Feb 24, 2017 12:42 am
Forum: Investing - Help with Personal Investments
Topic: S&P at 22 times multiple
Replies: 40
Views: 4776

Re: S&P at 22 times multiple

We will have to wait and see what the 4th quarter 2016 brings us, untill then only thing we can do is use the last 4 quarters which as you said is $89.09. And I dont have as much faith about 'earnings projections' they are a bunch of crock. I put as much faith into them as I do weather forecasts fo...
by FIREchief
Thu Feb 23, 2017 9:08 pm
Forum: Investing - Help with Personal Investments
Topic: S&P at 22 times multiple
Replies: 40
Views: 4776

Re: S&P at 22 times multiple

According to http://www.multpl.com/ its actually at 26.5. 2363/89=26.5 2363 current S&P500. 89= current earnings past 4 quarters. In order to have a 22 P/E ratio earnings would have had to be $107.4 which its not. I would say 26.5 is even a little bit high by 'new' standards since the past 20 y...
by FIREchief
Tue Feb 21, 2017 4:36 am
Forum: Personal Finance (Not Investing)
Topic: What are the big things to get right?
Replies: 91
Views: 12200

Re: What are the big things to get right?

Find a job with good pay and benefits that you can tolerate for decades. If the pay and benefits are good, you can likely tolerate a great deal. NEVER follow the well intentioned advice to "just find a job that you enjoy," unless it also has good pay and benefits. :sharebeer
by FIREchief
Fri Feb 17, 2017 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: 70/30
Replies: 14
Views: 1822

Re: 70/30

TIPS! Care to share, in the absence of any additional information from OP, such as whether the "retirement plans" are the whole portfolio or only a portion of it, and which funds might be available at what cost, your emphatic reasoning? PJW OP said: "Nervous about bonds as it appears...
by FIREchief
Fri Feb 17, 2017 4:34 pm
Forum: Investing - Theory, News & General
Topic: Just made 2017 IRA contributions... so relaxing!
Replies: 7
Views: 995

Re: Just made 2017 IRA contributions... so relaxing!

Time to start saving for next year's so that you can pull the trigger on Jan 1. :sharebeer
by FIREchief
Fri Feb 17, 2017 2:28 am
Forum: Investing - Help with Personal Investments
Topic: 70/30
Replies: 14
Views: 1822

Re: 70/30

TIPS!
by FIREchief
Thu Feb 16, 2017 5:11 am
Forum: Investing - Theory, News & General
Topic: What happens to European bonds if the euro starts to fail?
Replies: 51
Views: 3639

Re: What happens to European bonds if the euro starts to fail?

Actionable how? If I hold a stock ETF and one of the constituent stocks in the underlying index is removed from that index, the ETF is just reformatted to remove the excluded stock and replace it with something else. If French euro government bonds are redenominated into a new currency, would a eur...
by FIREchief
Wed Feb 15, 2017 7:40 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPS Auction Feb 16: real yield 1.1%?
Replies: 40
Views: 4195

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

grayfox wrote:
I am loading up the station wagon. :moneybag


My station wagon (it's the "LMP" model) is approaching 50% full! :sharebeer
by FIREchief
Tue Feb 14, 2017 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Please help! Father is addicted to Timeshares
Replies: 19
Views: 2589

Re: PLEASE HELP! Father is addicted to TIMESHARES

I remember the first time a street advertiser convinced me to go to a timeshare presentation - we (Wife and I) went in knowing we were going to say No and just wanted the free stuff. The amount of desperation, offensiveness, and downright anger that I saw from the people trying to sell us the times...
by FIREchief
Tue Feb 14, 2017 3:59 am
Forum: Investing - Help with Personal Investments
Topic: Is it reasonable to have 100% in the stock market?
Replies: 58
Views: 6089

Re: Is it reasonable to have 100% in the stock market?

I was 100% equities for decades. Not because of an educated strategy, but simply because I felt that the market would win long term and I had so much else going on in life that I really didn't want to be messing with more elaborate strategies. Sometimes simple is best. With the stock market for 20+ ...
by FIREchief
Tue Feb 14, 2017 3:56 am
Forum: Personal Finance (Not Investing)
Topic: Faith in Vanguard shaken after seeing wrong name on my 1099 & Statements
Replies: 28
Views: 3856

Re: Faith in Vanguard shaken after seeing wrong name on my 1099 & Statements

Another day, another embarrassing post reporting that VG has lost it. I've read things like "well, that's to be expected when a firm's sole focus is on lowering costs for their valued customers." I don't buy it. I test drove both VG and "the competition" over five years ago and i...
by FIREchief
Tue Feb 14, 2017 3:48 am
Forum: Investing - Theory, News & General
Topic: Annuity insurance in California
Replies: 5
Views: 651

Re: Annuity insurance in California

I don't think any of them are prefunded. Your description is my understanding of how they work. An insurance company's guarantee is probably only as good as the insurance company. But you might get lucky and get something from the state guaranty corp (which is not backed by the state.) This is why ...
by FIREchief
Tue Feb 14, 2017 12:46 am
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 11168

Re: Who would quit playing if they already won?

munemaker wrote:
To me, "quit playing" does not mean zero equities. It means a much more conservative asset allocation than you might chose otherwise. To me, 100% bonds and 0% equities does not make any sense. You will definitely lose to inflation.


Have you heard about TIPS?
by FIREchief
Tue Feb 14, 2017 12:38 am
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 11168

Re: Who would quit playing if they already won?

While I''m not sure I've won the game, I have a big lead going into the 4th quarter and think it prudent to play conservatively to protect that lead It didn't work out too well for the Atlanta Falcons, so be careful. :D Did you watch the game? If Shanahan had played conservatively to protect the le...
by FIREchief
Sun Feb 12, 2017 1:56 am
Forum: Investing - Theory, News & General
Topic: 'Won the game', but what factors could potentially derail it?
Replies: 57
Views: 4593

Re: 'Won the game', but what factors could potentially derail it?

VAT exists in other nations. No reason why it can't pass in US. There are over 100 million of them. They're called voters. Another possible tax with more drastic consequences: wealth tax (as opposed to income tax). willthrill81, you are plain wrong. Most states today already have a sales tax. Going...
by FIREchief
Sun Feb 12, 2017 1:36 am
Forum: Investing - Theory, News & General
Topic: 'Won the game', but what factors could potentially derail it?
Replies: 57
Views: 4593

Re: 'Won the game', but what factors could potentially derail it?

If the US implements a national sales tax or Value-Added Tax (VAT), you'd be taxed on your spending, not your income. The Roth IRA wouldn't protect you from that tax. If a potential VAT were applied to basic consumer goods, it would be regressive and opposed by policy makers. VAT exists in other na...
by FIREchief
Sat Feb 11, 2017 2:41 am
Forum: Investing - Theory, News & General
Topic: What is the prediction of future long-term returns for your portfolio?
Replies: 63
Views: 5013

Re: What is the prediction of future long-term returns for your portfolio?

BTW.. The previous 17 years have been pretty grim for US equities (S&P 500 returned about 2.5% real). Can't we all advocate for some positive reversion to the mean? Isn't it about time for a 17 year period of 9%+ real returns? Heck I may be able to retire before age 50 if that happens. I see th...
by FIREchief
Fri Feb 10, 2017 5:25 pm
Forum: Investing - Theory, News & General
Topic: Total Bond is safe. Is it prudent?
Replies: 39
Views: 4096

Re: Total Bond is safe. Is it prudent?

I wouldn't want to make an investment just so it declines less than the stock market. I want it to actually work for me in terms of earnings. It seems like I could very well come out ahead with just cash on hand at the moment. I just don't see how bonds are attractive during periods of low interest...
by FIREchief
Fri Feb 10, 2017 3:15 am
Forum: Personal Finance (Not Investing)
Topic: Putting timeshare in a living trust
Replies: 24
Views: 1894

Re: Putting timeshare in a living trust

Hmmmm, if one has a marketable timeshare -- and most timeshares are not highly marketable -- let me count the ways to get rid of the timeshare while one is living I think you are also confusing the timeshare ownership interest with the contractual obligation to pay annual maintenance fees on the ti...
by FIREchief
Thu Feb 09, 2017 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Putting timeshare in a living trust
Replies: 24
Views: 1894

Re: Putting timeshare in a living trust

I've read that the only way to get out of a timeshare agreement is to die (or find some sucker who will buy it from you for a dollar). Pull out the original contract. Did the purchase agreement say that ownership ends at the death of one or both owners? Does it mention death at all? I've never owne...
by FIREchief
Wed Feb 08, 2017 11:03 pm
Forum: Investing - Help with Personal Investments
Topic: Two-Fund Portfolio Role Call
Replies: 43
Views: 4732

Re: Two-Fund Portfolio Role Call

LMP = TIPS
RP = US TMI

What else could a person need? :beer

Go to advanced search