Search found 6019 matches

by KyleAAA
Mon Apr 24, 2017 9:09 am
Forum: Investing - Help with Personal Investments
Topic: Why is Real-Estate so Bad?
Replies: 92
Views: 5998

Re: Why is Real-Estate so Bad?

My overall conclusion about real estate is that what makes it "so bad" is that it's us, the little guys, competing with the economy of scale of the big guys. The era where Grandpa could accumulate a fortune buying duplexes is pretty much over. Because with computers and automation, the li...
by KyleAAA
Mon Apr 24, 2017 9:04 am
Forum: Investing - Help with Personal Investments
Topic: Why is Real-Estate so Bad?
Replies: 92
Views: 5998

Re: Why is Real-Estate so Bad?

Real estate investing isn't bad. It's a valid way to invest one's money and time. Stocks and bonds are an equally valid way to invest one's money. Paper assets produce regular cash flow just like real estate so I'm not really sure your family understands how the stock market works. It would be smart...
by KyleAAA
Sat Apr 22, 2017 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: please advise- are we on target ?
Replies: 17
Views: 1376

Re: Are we on track to meet our goals ?

I don't think you're on track. Can you lower your expenses at all? The numbers on those rentals seem pretty bad: works out to less than a 4% cap rate?
by KyleAAA
Mon Apr 17, 2017 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: Sitting on Cash
Replies: 24
Views: 3427

Re: Sitting on Cash

Being debt-averse isn't generally a bad thing, but it becomes bad if it prevents you from making otherwise rational decisions. You have 50% saved for a downpayment and yet you want to continue saving for a house rather than retirement even though you only have $50k saved for retirement. Why? Debt is...
by KyleAAA
Mon Apr 17, 2017 10:35 am
Forum: Investing - Theory, News & General
Topic: Is it necessary to diversify across Factors?
Replies: 123
Views: 6346

Re: Is it necessary to diversify across Factors?

But aside from those practical issues, if a multi-factor model proves predictive, it will mean the subsets of stocks it predicted were expected to outperform the TSM did in fact outperform the TSM. Multifactor modeling does not provide predictions of performance of the factors, it simply describes ...
by KyleAAA
Sun Apr 16, 2017 8:42 pm
Forum: Investing - Theory, News & General
Topic: Is it necessary to diversify across Factors?
Replies: 123
Views: 6346

Re: Is it necessary to diversify across Factors?

Necessary, no. Smart, yes. The case for factor investing is as strong as the case for equity investing IMO (which you've apparently already accepted). But of course, it isn't strictly necessary to invest your savings in anything. I wonder how strong the case is. Many of my favorite authors are not ...
by KyleAAA
Sun Apr 16, 2017 6:22 pm
Forum: Investing - Theory, News & General
Topic: Is it necessary to diversify across Factors?
Replies: 123
Views: 6346

Re: Is it necessary to diversify across Factors?

Necessary, no. Smart, yes. The case for factor investing is as strong as the case for equity investing IMO (which you've apparently already accepted). But of course, it isn't strictly necessary to invest your savings in anything. I wonder how strong the case is. Many of my favorite authors are not ...
by KyleAAA
Sun Apr 16, 2017 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Why invest in International Index Fund?
Replies: 38
Views: 3127

Re: Why invest in International Index Fund?

Yes, the last 20 years has been kind to US stocks. What about the previous 20 years? These comparisons are very sensitive to start and end dates Even within the last 20 years there were long periods of time where international outperformed. In fact, by your exact logic you'd have chosen to avoid US ...
by KyleAAA
Sun Apr 16, 2017 9:16 am
Forum: Investing - Theory, News & General
Topic: Is it necessary to diversify across Factors?
Replies: 123
Views: 6346

Re: Is it necessary to diversify across Factors?

Necessary, no. Smart, yes. The case for factor investing is as strong as the case for equity investing IMO (which you've apparently already accepted). But of course, it isn't strictly necessary to invest your savings in anything.
by KyleAAA
Fri Apr 14, 2017 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Dealership rejecting rebate after contract signed
Replies: 82
Views: 6474

Re: Dealership rejecting rebate after contract signed

Just to reiterate, the people who are telling you to ignore the demand are giving you bad advice. They can and will repossess the car and you'll be left dealing with the consequences. Don't do that. Go read what you signed and I 100% guarantee you don't have a leg to stand on. This kind of situation...
by KyleAAA
Fri Apr 14, 2017 11:29 am
Forum: Investing - Help with Personal Investments
Topic: Best 2050 Target Date Fund
Replies: 20
Views: 1670

Re: Best 2050 Target Date Fund

The T Rowe Price funds are perfectly decent but I wouldn't prefer them to Vanguard's.
by KyleAAA
Fri Apr 14, 2017 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Dealership rejecting rebate after contract signed
Replies: 82
Views: 6474

Re: Dealership rejecting rebate after contract signed

Your 2 options are either return the car or resign. Sadly, you don't already have a signed contract to protect you since these contingencies are standard and always written into what you signed. Unless you got a really bad deal to begin with it's unlikely the dealership has $1000 of profit to dip in...
by KyleAAA
Thu Apr 13, 2017 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: international funds question
Replies: 14
Views: 973

Re: international funds question

Hard to say which will turn out better in 10 years. You'll have more fine control over your asset allocation holding them separately, but it's unclear if that will buy you anything worth having. Disagree on the simplicity argument. It's 2017: a 2 fund portfolio is not meaningfully simpler than a 10 ...
by KyleAAA
Wed Apr 12, 2017 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Tax preparer charging for past tax PDF's copies
Replies: 49
Views: 3386

Re: Tax preparer charging for past tax PDF's copies

That seems entirely appropriate so long as the fee was reasonable. Why should you be entitled to a free pdf years after the fact?
by KyleAAA
Wed Apr 12, 2017 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Legality of renters posting reviews of a condominium complex?
Replies: 82
Views: 3442

Re: Legality of renters posting reviews of a condominium complex?

But assuming that's not the case and these are just disgruntled tenants, what law do you think would prevent them from posting their opinions to website intended for that very purpose? The issue is they are not owners, just renters. A condominium serves it's owners , not renters. So I am confused w...
by KyleAAA
Mon Apr 10, 2017 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing to put less than 20% down...why is this wrong?
Replies: 51
Views: 4907

Re: Choosing to put less than 20% down...why is this wrong?

It isn't wrong and I chose to do the same thing. PMI is neither costly nor difficult to get rid of if you are in the top tier and I have better uses for my cash. Rates are very low and PMI adds a pittance. Why wouldn't you borrow more if you have the willingness and ability to take on slightly more...
by KyleAAA
Mon Apr 10, 2017 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Choosing to put less than 20% down...why is this wrong?
Replies: 51
Views: 4907

Re: Choosing to put less than 20% down...why is this wrong?

Less than 20% means you're paying PMI. When you're paying PMI, that is money going out the door in lieu of being used to a financial advantage. Think of the many things a monthly PMI payment could be used for if there was no PMI payment (regular contribution to taxable account, retirement account, ...
by KyleAAA
Mon Apr 10, 2017 7:33 am
Forum: Investing - Theory, News & General
Topic: Vanguard Int'l Dividend Fund
Replies: 18
Views: 3013

Re: Vanguard Int'l Dividend Fund

This fund (VIHAX/VYMI) has been around for a year now. Is there anything to learn from its first year? I keep hoping to find a good alternative to EFV for my international large cap allocation. Looks to be slightly more diversified and slightly cheaper but with much lower volume. I wouldn't put muc...
by KyleAAA
Sun Apr 09, 2017 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing to put less than 20% down...why is this wrong?
Replies: 51
Views: 4907

Re: Choosing to put less than 20% down...why is this wrong?

It isn't wrong and I chose to do the same thing. PMI is neither costly nor difficult to get rid of if you are in the top tier and I have better uses for my cash. Rates are very low and PMI adds a pittance. Why wouldn't you borrow more if you have the willingness and ability to take on slightly more ...
by KyleAAA
Sun Apr 09, 2017 10:14 am
Forum: Investing - Theory, News & General
Topic: Roth IRA - Using Risk to Grow the Pie
Replies: 30
Views: 2823

Re: Roth IRA - Using Risk to Grow the Pie

I'd load the Roth up with domestic/international small value and call it a day. Should be easy to do that without materially impacting the risk/reward balance of the overall portfolio given it's only 3% of the pie. If you want to add leverage you could roll LEAPS against something like SPY.
by KyleAAA
Fri Apr 07, 2017 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Career advice in IT
Replies: 99
Views: 6639

Re: Career advice in IT

As an aside, if you want to start a fight try referring to a software engineer an IT worker or ask if they can help you with Powerpoint. Another fun one - put a mechanical engineer, an electrical engineer, a chemical engineer and a software developer in a room. As them to decide which discipline is...
by KyleAAA
Thu Apr 06, 2017 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice in IT
Replies: 99
Views: 6639

Re: Career advice in IT

My career in software started just a couple years before the internet bust and have seen a lot of downs to go with the ups in this field. I have to agree with the thoughts that the long term prospect for IT tech jobs are less rosy then they used to be.... I really do find this viewpoint on long ter...
by KyleAAA
Thu Apr 06, 2017 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Career advice in IT
Replies: 99
Views: 6639

Re: Career advice in IT

IT isn't nearly as lucrative as software developer these days, but I think the warnings against going into IT are overly alarmist. The cloud is great but it creates almost as many problems as it solves in many cases. If you asked me if every company would be running primarily in the cloud 10 years f...
by KyleAAA
Mon Apr 03, 2017 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: One fund ETF taxable account...Why bond or international?
Replies: 8
Views: 685

Re: One fund ETF taxable account...Why bond or international?

You're taking uncompensated risk by not holding at least some international. If you're okay with that, you'll likely do just fine. More risk than I'd be willing to take, though.
by KyleAAA
Mon Apr 03, 2017 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: IS 200k household income "middle income" these days? Has that threshold increased?
Replies: 42
Views: 2695

Re: IS 200k household income "middle income" these days? Has that threshold increased?

$200-250k definitely isn't middle class, not even in places like Manhattan or San Francisco. That's solidly upper-middle class, bordering on upper class depending on which definition you use.
by KyleAAA
Sun Apr 02, 2017 8:39 pm
Forum: Investing - Theory, News & General
Topic: David Swensen's Bond Portfolio
Replies: 8
Views: 1320

Re: David Swensen's Bond Portfolio

Nothing at all wrong with that. I use 50% intermediate term bond index and 50% TIPS.
by KyleAAA
Fri Mar 24, 2017 1:05 pm
Forum: Investing - Theory, News & General
Topic: Searching for cash flow investment.
Replies: 21
Views: 1163

Re: Searching for cash flow investment.

Does your "repairs" item include capex: irregular but capital-intensive items like a new roof, new HVAC, water heater, etc? The rule of thumb I've always heard for capex is 5-7% of rent. That does seem like an okay (not great) investment based on the numbers you've given, though. The decid...
by KyleAAA
Fri Mar 24, 2017 10:20 am
Forum: Investing - Theory, News & General
Topic: Justification for Adding REITs
Replies: 77
Views: 6083

Re: Justification for Adding REITs

The best justification I've heard is that the allocation of REITs in the total stock market isn't indicative of the size of the commercial real estate market. So one should tilt to REITs as a proxy for commercial real estate, the vast majority of which is private. In other words, real estate isn't a...
by KyleAAA
Fri Mar 24, 2017 8:43 am
Forum: Investing - Theory, News & General
Topic: So why exactly is everyone gloomy about bonds?
Replies: 34
Views: 4248

Re: So why exactly is everyone gloomy about bonds?

In the event of a recession I do expect bonds to do better than equities. I don't expect bonds to do well over the next 5 years or so whether there's a recession or not. That said, I still have 30% of my portfolio in bonds because I could be wrong.
by KyleAAA
Thu Mar 23, 2017 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my father's windfall
Replies: 25
Views: 2592

Re: Help with my father's windfall

Sorry for your loss. I'd probably pay off the credit card debt right away under the assumption it's at a fairly high rate. Ditto for the home equity loan. Paying both of those off is a no-brainer. As for the mortgage itself and the student loans, I'd advise you to wait a few months to let the emotio...
by KyleAAA
Fri Mar 17, 2017 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: 3 fund portfolio vs. all-in-one fund
Replies: 37
Views: 4341

Re: 3 fund portfolio vs. all-in-one fund

Rebalancing a three-fund portfolio across 4 or 5 different accounts shouldn't take more than 20 minutes per year, at most. I have a much more complex slice-and-dice portfolio across more accounts than that and it only takes about 30 minutes. It's really not a hassle at all once you set up a spreadsh...
by KyleAAA
Thu Mar 16, 2017 12:29 pm
Forum: Investing - Theory, News & General
Topic: Fama-French Factor Premiums for Planning
Replies: 12
Views: 846

Re: Fama-French Factor Premiums for Planning

I don't assume anything for planning, but I quietly hope for 1% annualized from each. My plan will work if there are no premiums at all for any of the major factors.
by KyleAAA
Fri Mar 10, 2017 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Do I need small caps?
Replies: 37
Views: 3283

Re: Do I need small caps?

Larry but have to go a step further in the warning. He is not just a champion of factor investing, his livelihood largely depends on him continuing to be a champion of factor investing. His books are about factor investing, and the advisor firm he works with is founded on the idea of factor investi...
by KyleAAA
Thu Mar 09, 2017 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Are we ready to buy a house? What should our price range be?
Replies: 56
Views: 4080

Re: Are we ready to buy a house? What should our price range be?

Seems like you can easily afford that home and it's not even close.
by KyleAAA
Thu Mar 09, 2017 3:51 pm
Forum: Forum Issues and Administration
Topic: What would happen if a hacker got a full database dump of the site?
Replies: 29
Views: 2729

Re: What would happen if a hacker got a full database dump of the site?

If you happen to use the same password here as you do for your financial institutions, you could be at risk. Otherwise, the risk seems minimal. Somebody could stalk you I suppose, but they could do that anyway.
by KyleAAA
Thu Mar 09, 2017 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: At what $ level should someone really start diversifiying?
Replies: 25
Views: 2186

Re: At what $ level should someone really start diversifiying?

I'd say immediately since Target Date Funds are so easy to buy into with small amounts.
by KyleAAA
Thu Mar 09, 2017 11:25 am
Forum: Investing - Help with Personal Investments
Topic: Do I need small caps?
Replies: 37
Views: 3283

Re: Do I need small caps?

The evidence suggests you should tilt at least a little to small cap and value. In terms of a portfolio, the OP is fully diversified, and has a solid plan. True, OP might boost returns slightly or decrease volatility slightly with small caps, but that increases the complexity, and is not needed for...
by KyleAAA
Thu Mar 09, 2017 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Do I need small caps?
Replies: 37
Views: 3283

Re: Do I need small caps?

Short Answer: No Slightly less short answer: You already own them in VTI at market weighting, so you are already very well diversified. Also, probably can do without a financial adviser. What are they charging you, btw? The evidence suggests you should tilt at least a little to small cap and value....
by KyleAAA
Wed Mar 08, 2017 10:49 pm
Forum: Investing - Help with Personal Investments
Topic: Do I need small caps?
Replies: 37
Views: 3283

Re: Do I need small caps?

The evidence suggests you should tilt at least a little to small cap and value.
by KyleAAA
Wed Mar 08, 2017 1:15 pm
Forum: Investing - Theory, News & General
Topic: Buffett’s bets: how dumb are hedge fund managers?
Replies: 50
Views: 4418

Re: Buffett’s bets: how dumb are hedge fund managers?

I'm fairly certain the terms of the bet required them to invest in hedge funds so simply moving to the S&P 500 wasn't an option. But even if it was, that would completely defeat the point of the bet.
by KyleAAA
Wed Mar 08, 2017 10:16 am
Forum: Investing - Help with Personal Investments
Topic: Individual Funds Vs. Fund of Funds
Replies: 26
Views: 768

Re: Individual Funds Vs. Fund of Funds

I believe the funds-of-funds rebalance daily rather than annually, which will probably impact your returns in some small way. Whether for better or worse, nobody can say.
by KyleAAA
Mon Mar 06, 2017 4:31 pm
Forum: Investing - Theory, News & General
Topic: Did you buy SNAP?
Replies: 85
Views: 6689

Re: Did you buy SNAP?

No. I don't buy individual stocks anymore in general, but if I did I would have bought FB. SNAP is no FB.
by KyleAAA
Sun Feb 26, 2017 8:32 pm
Forum: Personal Consumer Issues
Topic: Do Boglehead DIY or Pay a Professional?
Replies: 95
Views: 7485

Re: Do Boglehead DIY or Pay a Professional?

I usually pay somebody outside of basic home and lawn maintenance. I'm not particularly handy and you couldn't pay me to change my own oil even though I could easily do so.
by KyleAAA
Sun Feb 26, 2017 8:25 pm
Forum: Personal Consumer Issues
Topic: Used German Luxury vs New Japanese
Replies: 89
Views: 7462

Re: Used German Luxury vs New Japanese

Oh yeah, the driving experience is a lot better. Interior will be much nicer in the Mercedes but probably a wash with the BMW (BMW interiors tend to feel like they were designed by somebody who's never sat in a car). Reliability and maintenance costs will of course be much worse with a used German l...
by KyleAAA
Sun Feb 26, 2017 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: House as Temporary Pseudo-Proxy for Bonds
Replies: 37
Views: 1679

Re: House as Temporary Pseudo-Proxy for Bonds

It is in absolutely no way a bond proxy, not even superficially. It's difficult to predict what a single pice of property might be worth 10+ years out and if things don't turn out well, what's the backup plan? Justifying 100% equities at 50 is a fun debate without confusing the issue with real estate.
by KyleAAA
Tue Feb 21, 2017 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiate lowball offer? (new job)
Replies: 47
Views: 4050

Re: Negotiate lowball offer? (new job)

Could you really easily get $52-68k? If you could, definitely ask. Never just be "thankful" for a job offer. You don't owe them anything. If they say no at least there are plenty of $60k+ jobs out there, right?
by KyleAAA
Tue Feb 21, 2017 1:42 pm
Forum: Personal Consumer Issues
Topic: Why do you go to restaurants?
Replies: 229
Views: 16515

Re: Why do you go to restaurants?

Going to restaurants obviously costs more, but I seriously doubt those who claim they save time eating in while controlling for food quality. You might save time if you aren't cooking fine-restaurant-quality food but then again, that's missing the point. I go to a restaurant because the food is bett...
by KyleAAA
Tue Feb 21, 2017 12:36 pm
Forum: Investing - Theory, News & General
Topic: Extreme Valuations, and why you should reconsider
Replies: 307
Views: 20924

Re: Extreme Valuations, and why you should reconsider

I'm a big proponent of price to ttm sales ratio, especially now. Pretty much the only metric (sales) that you can't gimmick with accounting. Sales can be easily gimmicked with accounting. I can assign revenue to this year, last year, or next year based on when I subjectively claim I "earned&qu...
by KyleAAA
Tue Feb 21, 2017 12:13 pm
Forum: Investing - Theory, News & General
Topic: Extreme Valuations, and why you should reconsider
Replies: 307
Views: 20924

Re: Extreme Valuations, and why you should reconsider

"I guess this time is different" and I really honestly hope so, I will still stand to benefit - and I don't want to see retail investors fleeced again. But is this time really different? Valuations always have and always will matter on future returns. I really do hope I'm wrong. I just do...

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