Search found 14146 matches

by Grt2bOutdoors
Tue Sep 27, 2016 6:49 am
Forum: Investing - Help with Personal Investments
Topic: Does it matter what type of college one goes to?
Replies: 22
Views: 941

Re: Does it matter what type of college one goes to?

Malcolm Gladwell's "David and Goliath" touches on this subject. He concludes that many talented people are lost and discouraged by the fierce competition at a prestigious school but would shine at a good one. I have a hard time thinking that someone who is discouraged by competition is a ...
by Grt2bOutdoors
Tue Sep 27, 2016 6:42 am
Forum: Investing - Help with Personal Investments
Topic: Does it matter what type of college one goes to?
Replies: 22
Views: 941

Re: Does it matter what type of college one goes to?

Many good answers here, I would lean towards it does not really matter all that much. It also matters much less after your first job. Like others said here, smarter people tend to go to the better schools, and these people naturally do better and make it seem that better schools are the reason, but...
by Grt2bOutdoors
Tue Sep 27, 2016 6:31 am
Forum: Personal Consumer Issues
Topic: Loan on $1.3MM Fixer-upper
Replies: 51
Views: 4151

Re: Loan on $1.3MM Fixer-upper

Considering the visible disrepair that you describe I would spend a good deal of time with an excellent house inspector to ensure a comprehensive inspection. There can be a considerable amount of disrepair needing repair / replacement that is hidden. 3500 sq/ ft is a considerable amount of house an...
by Grt2bOutdoors
Mon Sep 26, 2016 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Net Worth Milestone Today - $1.5M
Replies: 82
Views: 9390

Re: Net Worth Milestone Today - $1.5M

I was just updating my net worth spreadsheet and realized that our net worth crossed over the $1,500,000 mark. $1,500,492 to be exact. I hadn't really been anticipating this milestone, and it feels a little surreal to not feel very different. I spent some time mulling over how to celebrate or mark ...
by Grt2bOutdoors
Mon Sep 26, 2016 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Net Worth Milestone Today - $1.5M
Replies: 82
Views: 9390

Re: Net Worth Milestone Today - $1.5M

I was just updating my net worth spreadsheet and realized that our net worth crossed over the $1,500,000 mark. $1,500,492 to be exact. I hadn't really been anticipating this milestone, and it feels a little surreal to not feel very different. I spent some time mulling over how to celebrate or mark ...
by Grt2bOutdoors
Sun Sep 25, 2016 10:57 am
Forum: Personal Finance (Not Investing)
Topic: How Much House Can I Afford (HCOL edition)
Replies: 21
Views: 2081

Re: How Much House Can I Afford (HCOL edition)

If you move to NYC you will pay much much more than 70k in taxes, NYC and NYS income tax alone is close to 7%. Property tax on $2 million dollar apartment or home will be low-ish 5 figures. If spouse is currently making 650k, hope you are obtaining immediate benefit of some sort. Private school wil...
by Grt2bOutdoors
Sun Sep 25, 2016 10:52 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard GNMA fund as a short-term asset?
Replies: 18
Views: 1292

Re: Vanguard GNMA fund as a short-term asset?

A fund whose duration is greater than the length of time you will need to access the monies is not a proper investment. You are yield chasing.....government guaranteed as to full repayment of principal and interest is NOT the same as guaranteed to have your money available when you want it or need i...
by Grt2bOutdoors
Sat Sep 24, 2016 7:02 am
Forum: Personal Finance (Not Investing)
Topic: How Much House Can I Afford (HCOL edition)
Replies: 21
Views: 2081

Re: How Much House Can I Afford (HCOL edition)

If you move to NYC you will pay much much more than 70k in taxes, NYC and NYS income tax alone is close to 7%. Property tax on $2 million dollar apartment or home will be low-ish 5 figures. If spouse is currently making 650k, hope you are obtaining immediate benefit of some sort. Private school will...
by Grt2bOutdoors
Fri Sep 23, 2016 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Net Worth Milestone Today - $1.5M
Replies: 82
Views: 9390

Re: Net Worth Milestone Today - $1.5M

Congrats...... :moneybag :sharebeer
by Grt2bOutdoors
Fri Sep 23, 2016 8:52 pm
Forum: Personal Consumer Issues
Topic: Would you buy this house in a flood zone? HELP!
Replies: 58
Views: 2909

Re: Would you buy this house in a flood zone? HELP!

NO!!!! Find another school district, find another house. The seller's problem becomes your problem when you buy it. No way, I would not even think about it......you can not defeat water.......
by Grt2bOutdoors
Fri Sep 23, 2016 8:48 pm
Forum: Personal Consumer Issues
Topic: [500 million Yahoo accounts hacked, what should you do?]
Replies: 79
Views: 4569

Re: [500 million Yahoo accounts hacked, what should you do?]

I wasn't aware there is an option to turn on two-step factor, where is that toggle?
by Grt2bOutdoors
Fri Sep 23, 2016 6:45 am
Forum: Investing - Theory, News & General
Topic: Understanding cliches we hear often for the newbie investor
Replies: 7
Views: 683

Re: Understanding cliche's we hear often for the newbie investor

Catch a falling knife - you buy thinking the purchase price is low, only to see the security value continue to plummet, now it looks like you bought high instead of low. Watching paint dry - it is not sexy, it is boring, you do not have to take any action to watch paint dry other than to leave it al...
by Grt2bOutdoors
Fri Sep 23, 2016 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Worried I've been depreciating rental expenses wrong for years.
Replies: 8
Views: 1156

Re: Worried I've been depreciating rental expenses wrong for years.

HOA fees are expensed in the year incurred, expenditures including capital repairs made to General and common areas of building paid for with those previously expensed deductions of HOA fees can not be depreciated. You only get one bite at the apple, not two. You would be incorrect if you are adding...
by Grt2bOutdoors
Thu Sep 22, 2016 5:33 pm
Forum: Investing - Help with Personal Investments
Topic: How is the financial advisor taking my mother? Annuities?
Replies: 26
Views: 3030

Re: How is the financial advisor taking my mother? Annuities?

What type of account is the pre-tax lump sum of $200k in? Is it in a tax deferred account?, can it be rolled over into a ira? If she placed monies in a Target Retirement Income or Lifestrategy conservative growth, taking out 4 percent that gets her $8k, social security is $19.8 and pension is $40k, ...
by Grt2bOutdoors
Thu Sep 22, 2016 2:44 pm
Forum: Personal Consumer Issues
Topic: [500 million Yahoo accounts hacked, what should you do?]
Replies: 79
Views: 4569

Re: Yahoo says hackers stole info in 500 million user accounts

So, it took them over a year to figure out they were hacked? Outrageous....can we claw back all the income the CEO received during that time frame? It's criminal it took this long for them to disclose this......I demand a Senate investigation........ :twisted:
by Grt2bOutdoors
Thu Sep 22, 2016 12:05 pm
Forum: Personal Consumer Issues
Topic: Book on Personal Finance/Budgeting for young adults
Replies: 14
Views: 980

Re: Book on Personal Finance/Budgeting for young adults

Thank you, my daughter is very bright, but English is her second language and spending wisely seems to be her blind spot, not atypical for 25 year olds who think time passes slowly and they'll live forever. Those whose native tongue is English seem to have the same problem - spending wisely and sav...
by Grt2bOutdoors
Thu Sep 22, 2016 11:54 am
Forum: Investing - Theory, News & General
Topic: "Uncle Sam Pays Almost Twice The Yield On Treasurys--If You Know Where To Look
Replies: 68
Views: 9297

Re: "Uncle Sam Pays Almost Twice The Yield On Treasurys--If You Know Where To Look

EE Bonds in the present interest rate environment are still not as safe as TIPS, but they're worth considering, for someone wanting to commit to creating a future supplement to their basic, guaranteed income floor of social security, pensions, SPIA's and the like 20 years from today, and maybe 20 y...
by Grt2bOutdoors
Thu Sep 22, 2016 11:48 am
Forum: Investing - Help with Personal Investments
Topic: How is the financial advisor taking my mother? Annuities?
Replies: 26
Views: 3030

Re: How is the financial advisor taking my mother? Annuities?

Compare the annual income estimated from the annuity shyster salesman (with average commission of 8% you'll know why I term them as shysters) vs. this website - http://www.immediateannuities.com; the only kind of annuity you should be looking at is a Single Premium Life Only Immediate Annuity. Of co...
by Grt2bOutdoors
Wed Sep 21, 2016 9:33 pm
Forum: Investing - Theory, News & General
Topic: Disappointing News Wells Fargo
Replies: 111
Views: 8835

Re: Disappointing News Wells Fargo

I've been a WF customer for over 20 years. I have never paid a 'fee' that many here claim that big banks always charge. They have always taken care of any and all needs I've had quickly and efficiently, and I didn't lose a penny in this ordeal, nor did my credit score suffer......I will remain a cu...
by Grt2bOutdoors
Wed Sep 21, 2016 8:34 am
Forum: Investing - Theory, News & General
Topic: Disappointing News Wells Fargo
Replies: 111
Views: 8835

Re: Disappointing News Wells Fargo

I'm not sure what to think of all this. Were the top level executives knowingly committing fraud? I doubt it. Did they design a sales incentive system and management practices that created the environment for such fraudulent behavior to take place? Guilty as charged, but I don't think you can send ...
by Grt2bOutdoors
Wed Sep 21, 2016 8:13 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones exodus from American Funds?
Replies: 51
Views: 3809

Re: Edward Jones exodus from American Funds?

I doubt it would cause a "crash" since the fund NAVs are based on the stocks held by the fund. Since selling an American fund and buying another fund from a different vendor will just move the stocks from column A to column B, this will have virtually no influence on the prices of the und...
by Grt2bOutdoors
Wed Sep 21, 2016 8:12 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones exodus from American Funds?
Replies: 51
Views: 3809

Re: Edward Jones exodus from American Funds?

Thanks to all of the replies. The PIMCO example helped set my mind at ease. I'm in the middle of deciding what move I'm going to make with my portfolio, because what I have is not getting it done. I am looking at VG. I'm also considering the tax consequences since the vast majority of my savings is...
by Grt2bOutdoors
Wed Sep 21, 2016 7:51 am
Forum: Personal Finance (Not Investing)
Topic: "Women and Investing" class offered by Employer
Replies: 82
Views: 5421

Re: "Women and Investing" class offered by Employer

I will save you the time........you can address some of those "unique challenges" by reading this: https://www.etf.com/docs/IfYouCan.pdf Then doing this: 1) Spend less, if you can. I realize not everyone has tons of disposable income after the basic necessities in life - shelter, food, hea...
by Grt2bOutdoors
Mon Sep 19, 2016 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone accidentally tell a friend about your inheritance?
Replies: 83
Views: 9005

Re: Anyone accidentally tell a friend about your inheritance?

Shouldn't it change your relationship, though? Friend asked to rent a nice apartment together, you said no because you didn't think you could afford it. As long as he isn't asking you for money, I don't see the problem. You know who your real friends are when the bad times hit, everyone is your fri...
by Grt2bOutdoors
Mon Sep 19, 2016 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone accidentally tell a friend about your inheritance?
Replies: 83
Views: 9005

Re: Anyone accidentally tell a friend about your inheritance?

Before he tells to everyone else when he is drunk, tell him you lost most of it in the stock market Nah, tell them you lost your shirt shorting oil contracts, the market went against you. Then ask the guy you know who has $$ to lend you 5 cents for a hamburger today and you'll pay him back next Tue...
by Grt2bOutdoors
Mon Sep 19, 2016 6:54 am
Forum: Investing - Help with Personal Investments
Topic: Any concern about the drop in price of Vanguard Intermediate term municipal bond fund?
Replies: 33
Views: 2412

Re: Any concern about the drop in price of Vanguard Intermediate term municipal bond fund?

Reinvest your distributions into the fund, each purchase will pick up cheaper shares with higher yields. If you think you can lose money with bond funds, try leveraged real estate or the stock market or something else like commodities.
by Grt2bOutdoors
Mon Sep 19, 2016 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Anyone accidentally tell a friend about your inheritance?
Replies: 83
Views: 9005

Re: Anyone accidentally tell a friend about your inheritance?

Word to the wise, 1 drink per hour and a half intermixed with one glass of water, your brain and mouth will thank you as will your liver. You will never have to worry about having loose lips ever again. If anyone asks why you are drinking water tell them you have a medical condition that requires yo...
by Grt2bOutdoors
Sun Sep 18, 2016 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Account for Toddler
Replies: 34
Views: 2467

Re: Account for Toddler

Plenty of ifs and issues with utmas too. There has been several threads this past year with some examples. They might be right for a lot of people but by no means for everyone. We can go back and forth about it all day to no avail. Here's the link ----> http://fairmark.com/kids-college/utma/
by Grt2bOutdoors
Sun Sep 18, 2016 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Questions for Insurance Salesman on Whole Life Policy
Replies: 59
Views: 3695

Re: Questions for Insurance Salesman on Whole Life Policy

I understand that these policies on the kids are more than what is necessary now, and maybe only break even for them when they're in their earning stage. But when they're in retirement, they will be better than they could get for a term policy. He pointed out that the death benefit is tax-free when...
by Grt2bOutdoors
Sun Sep 18, 2016 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Account for Toddler
Replies: 34
Views: 2467

Re: Account for Toddler

Here are a lot of people saying it is theirs so it must be in their name. I don't think this is necessary and trust myself to look after it for them whoevers name it is in. It is theirs no matter what. In any case the account is labelled in her name in fidelity so that is good enough for me! In cas...
by Grt2bOutdoors
Sun Sep 18, 2016 3:20 pm
Forum: Investing - Theory, News & General
Topic: "Uncle Sam Pays Almost Twice The Yield On Treasurys--If You Know Where To Look
Replies: 68
Views: 9297

Re: "Uncle Sam Pays Almost Twice The Yield On Treasurys--If You Know Where To Look

Whatever one might mean by "annuity" it is always important to distinguish instruments that are insurance that pool longevity risk from instruments that are investments. A more appropriate term may be "laddered investment" for the EE bond. The rungs run out when the full maturit...
by Grt2bOutdoors
Sun Sep 18, 2016 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Account for Toddler
Replies: 34
Views: 2467

Re: Account for Toddler

Here are a lot of people saying it is theirs so it must be in their name. I don't think this is necessary and trust myself to look after it for them whoevers name it is in. It is theirs no matter what. In any case the account is labelled in her name in fidelity so that is good enough for me! In cas...
by Grt2bOutdoors
Sat Sep 17, 2016 9:27 pm
Forum: Investing - Help with Personal Investments
Topic: Saving for a niece and nephew
Replies: 7
Views: 878

Re: Saving for a niece and nephew

Nice uncle! Do you have a taxable account in your own portfolio? I'd just save there and when the time comes sell shares and gift the cash to nephew and niece. I'm not one to segregate accounts. Treat all these funds as your own, making the best possible decisions for your entire portfolio, and giv...
by Grt2bOutdoors
Fri Sep 16, 2016 6:30 pm
Forum: Investing - Theory, News & General
Topic: Nisiprius Investments Unveils New MDF Factor-Based Fund
Replies: 44
Views: 2922

Re: Nisiprius Investments Unveils New MDF Factor-Based Fund

Will you offer an ETF version of the fund? If so, I'd like to short it! :)
by Grt2bOutdoors
Thu Sep 15, 2016 4:43 pm
Forum: Investing - Help with Personal Investments
Topic: I invested $10,500 in a private US company [pressured to sell back shares]
Replies: 19
Views: 2403

Re: I invested $10,500 in a private US company [pressured to sell back shares]

It is a scam, $300k will not even get you a drilling rig let alone enough days to actually bore a hole, or enough to obtain seismic data. You could purchase shares in BHP and be part of an actual company or an energy sector fund, but to sink that kind of money in a venture thousands of miles on the ...
by Grt2bOutdoors
Thu Sep 15, 2016 1:36 pm
Forum: Investing - Theory, News & General
Topic: Monsanto
Replies: 14
Views: 1806

Re: Monsanto

Update: The transaction includes a $2-billion break-up fee that Bayer will pay to Monsanto should it fail to get regulatory clearance. http://www.reuters.com/article/us-monsanto-m-a-bayer-deal-idUSKCN11K128 Thanks for clarifying.....I'm betting Monsanto doesn't think it will pass muster with DOJ or...
by Grt2bOutdoors
Thu Sep 15, 2016 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Keys to a Successful Retirement
Replies: 55
Views: 6546

Re: Keys to a Successful Retirement

You said: - Purchase ... products that blend life annuity income and LTCi. I say NO on this. These products are like a wolf (variable annuities with high fees) in sheep's clothing. Are you a salesperson by any chance? It would be strange for a Boglehead believer to suggest this. Insurance is not an...
by Grt2bOutdoors
Wed Sep 14, 2016 8:33 pm
Forum: Investing - Theory, News & General
Topic: Monsanto
Replies: 14
Views: 1806

Re: Monsanto

53% of Institutional investors believe the agreement in its current form will not pass muster with DOJ and FTC, hence there is nearly a 50/50 shot of the deal failing and one very expensive going away present for Bayer if they lose paid for by the shareholders of Monsanto - the gift? A whopping $2 B...
by Grt2bOutdoors
Wed Sep 14, 2016 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: What details about personal finance do you share with your kids?
Replies: 20
Views: 1552

Re: What details about personal finance do you share with your kids?

Assume he will tell his friends, and their parents, and his teachers. Kids are like that. He may hear from other kids that their parents talk about house payments. Usually I wouldn't tell my friends and neighbors that my house is paid off. No one really is all that happy for you if they are still p...
by Grt2bOutdoors
Wed Sep 14, 2016 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Term-life suggestions
Replies: 18
Views: 1111

Re: Term-life suggestions

I am sure you have considered the amount but $300k seems like a very small policy. In 30 years $300k will have the buying power of a lot less in today's dollars. I would think ahead more and get $500k at least. Your income will be higher, stuff will cost more, etc.... I don't sell life insurance bt...
by Grt2bOutdoors
Wed Sep 14, 2016 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Term-life suggestions
Replies: 18
Views: 1111

Re: Term-life suggestions

Great! Thanks for the suggestion. https://fulfillment.lfg.com/CF/LFG/EF/49466/LFG-FIN-FLI457_Z39_VIEW.PDF Have you priced the policy against those offered by term4sale.com? Just as a comparison? I got the quote from term4sale and working with an agent listed on the site. But the link you sent shows...
by Grt2bOutdoors
Wed Sep 14, 2016 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Term-life suggestions
Replies: 18
Views: 1111

Re: Term-life suggestions

topcatin wrote:Great! Thanks for the suggestion.


https://fulfillment.lfg.com/CF/LFG/EF/4 ... 9_VIEW.PDF

Have you priced the policy against those offered by term4sale.com? Just as a comparison?
by Grt2bOutdoors
Wed Sep 14, 2016 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Term-life suggestions
Replies: 18
Views: 1111

Re: Term-life suggestions

Hi, I am getting ready to buy a 30 year term-life insurance ($300,000 - $25/monthly) with Lincoln National Life. Anyone heard of this company? Thank you! Nothing wrong with Lincoln National. See if you can swing paying them on an annual basis - the fee may be cheaper than $25 on a monthly basis. Mo...
by Grt2bOutdoors
Wed Sep 14, 2016 7:50 am
Forum: Investing - Help with Personal Investments
Topic: How much saved at 30 to be "done saving"
Replies: 35
Views: 6257

Re: How much saved at 30 to be "done saving"

Read the book - Unveiling the Retirement Myth - Jim Otar, apparently there is another thread on Recommended books to read and the link to the 587 page (i kid you not!) pdf book is there. The other book - The Great Depression, A Diary by Benjamin Roth. The first book talks about how thinking about av...
by Grt2bOutdoors
Wed Sep 14, 2016 6:48 am
Forum: Investing - Help with Personal Investments
Topic: Newbie investor who wants to simplify portfolio, recommendations welcome!
Replies: 7
Views: 631

Re: Newbie investor who wants to simplify portfolio, recommendations welcome!

Holding bonds preserves capital, holding equities is like holding a bunch of lottery tickets. Most will payout something, you hope, a number of them may turnout worthless.
by Grt2bOutdoors
Wed Sep 14, 2016 6:39 am
Forum: Investing - Help with Personal Investments
Topic: Need Help with Portfolio Allocation
Replies: 15
Views: 1274

Re: Need Help with Portfolio Allocation

Hello and welcome to the forum! So, you want a 60/40 with a roughly 12-13% slice for international equities. The portfolio you designed looks good, not really necessary to add small value unless you strongly feel like tilting and you are able to stay with it for a long time (decades). I would not ou...
by Grt2bOutdoors
Tue Sep 13, 2016 9:20 pm
Forum: Investing - Help with Personal Investments
Topic: Help me invest for my child's "surprise" future.
Replies: 7
Views: 1291

Re: Help me invest for my child's "surprise" future.

Should I continue this all in my name? Or should I start looking into something like a trust, or custodial account? I'm not sure of the tax implications for him if I were to do this. If you place the assets into a UTMA account, depending on the laws of the state you reside in, control of the accoun...
by Grt2bOutdoors
Tue Sep 13, 2016 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Getting out of upside down car
Replies: 60
Views: 3544

Re: Getting out of upside down car

Ice will not differentiate between AWD or FWD or RWD - you will still slide. Speed and handling matters, wet, dry, snow or ice - caution when driving can help, reckless driving will end up with predictable results, and even then you may be driving cautiously but some other yahoo comes down behind, a...
by Grt2bOutdoors
Mon Sep 12, 2016 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Education cost and kids
Replies: 64
Views: 4432

Re: Education cost and kids

I chuckle when I hear the term "skin in the game". Let me ask you this - if you had the opportunity to come back today as a kid entering last year of high school, would you do it? You have any clue what sort of pressure kids face today without the thought of taking on debt? How has the job...

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