Search found 469 matches

by MindBogler
Tue Aug 15, 2017 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Plan for making child pay for part of college
Replies: 111
Views: 5211

Re: Plan for making child pay for part of college

KlangFool wrote:
Mon Aug 14, 2017 8:04 pm
OP,

What is the question? You just need to tell this to your children and make sure that you can hold your ground. It is your money. You get to choose how to spend it.

KlangFool
This. I also think young kids having some skin in the game is a valuable life lesson.
by MindBogler
Tue Aug 15, 2017 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: 27y/o w/ 150k debt buying 685k house
Replies: 41
Views: 4174

Re: 27y/o w/ 150k debt buying 685k house

2012heel wrote:
Tue Aug 15, 2017 1:18 pm
I have. Don't think he listened.
At a certain point you have to stop worrying about your friend's finances. People need to learn and make their own mistakes. They aren't under your control and you shouldn't be worrying about them.
by MindBogler
Tue Aug 08, 2017 7:43 pm
Forum: Investing - Theory, News & General
Topic: news yesterday that Buffett has $100,000,000,000 in cash now
Replies: 65
Views: 8395

Re: news yesterday that Buffett has $100,000,000,000 in cash now

Im not sure he needs that much money. Sometimes, we have someone who posts, that they want to have 10M or 12M, and it seems like a lot of people get upset. Then, when it is Mr. Buffet, the negativity doesnt come out. It seems odd that he has that much money at his age. People get upset when someone...
by MindBogler
Tue Aug 08, 2017 7:32 pm
Forum: Investing - Theory, News & General
Topic: news yesterday that Buffett has $100,000,000,000 in cash now
Replies: 65
Views: 8395

Re: news yesterday that Buffett has 100,000,000,000 in cash now

new2bogle wrote:Well, that's what you get for reading drudgereport - "news" that is almost entirely wrong.

I forget, what's the reasoning on why Buffett doesn't pay dividends?
It's a news aggregator. It still requires that you put forth effort to read the underlying article.

:beer
by MindBogler
Mon Jul 24, 2017 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Investing Education and Mansplaining
Replies: 128
Views: 8000

Re: Investing Education and Mansplaining

I could explain mansplaining but then you wouldn't understand. /sarc Humor aside (everything is better with humor, of course): We've arrived at a point in time where it is becoming socially unacceptable to talk about subjects without wearing credentials on one's sleeve. It does not logically follow ...
by MindBogler
Fri Jul 14, 2017 7:32 pm
Forum: Investing - Theory, News & General
Topic: Why Does The 60/40 Work So Well?
Replies: 81
Views: 12184

Re: Why Does The 60/40 Work So Well?

I noticed the often recommended 60/40 split in a three fund portfolio is : 40% U.S. Stocks 20% International Stocks 40% Total (U.S.) Bonds Yet why no international bonds? Maybe because no one has presented a compelling case as to why people should take on the currency risk of international bonds. B...
by MindBogler
Fri Jul 14, 2017 7:49 am
Forum: Personal Finance (Not Investing)
Topic: When to max out 401k (Aspiring Early Retiree)
Replies: 89
Views: 4995

Re: When to max out 401k (Aspiring Early Retiree)

You can not afford a $450k+ mortgage on a salary of $76k. How do you figure you can afford it? Agreed. We don't know anything about fiancée's potential income but I don't think that matters at this early stage. Add more to the 401k. Don't rush into a mortgage until you and your spouse are settled. ...
by MindBogler
Wed Jul 12, 2017 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Possible Relocation to Portland, OR
Replies: 26
Views: 2163

Re: Possible Relocation to Portland, OR

+1 on renting at first. If you do buy a house in Portland then getting earthquake insurance is a good idea since there is a fair amount of earthquake risk. +2 on renting at first. Housing in Portland is a little frothy anyway and the various areas east vs west side are so different that it wouldn't...
by MindBogler
Sun Jul 02, 2017 9:06 pm
Forum: Personal Consumer Issues
Topic: Cat teeth cleaning costs
Replies: 36
Views: 2973

Re: Cat teeth cleaning costs

Basic old school question here: Why the heck does a cat need its teeth cleaned? It's a Cat! What shape would your teeth be in if you never had them cleaned and never brushed? Animals in the wild never see a vet, let alone a dentist. And their teeth don't fall out. Threads like these make me glad I ...
by MindBogler
Sat Jul 01, 2017 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner needs sanity check moving a lot of cash to market.
Replies: 58
Views: 4878

Re: Beginner needs sanity check moving a lot of cash to market.

He is young. His debt is consolidated in a "single,nondiversified illiquid asset". If the house is in a high demand part of the country, such as the West Coast, it is money in the bank. I agree to disagree. I'm sorry but your advice is not ideal for this couple. Removing debt is a noble g...
by MindBogler
Sat Jul 01, 2017 2:48 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market Fund (VMMXX) breaks 1.00 (% not $)
Replies: 139
Views: 17001

Re: Vanguard Prime Money Market Fund (VMMXX) breaks 1.00 (% not $)

VMMXX now beats Ally online savings. Now Ally jumped from 1.05% to 1.15% ahead of VMMXX 1.07%. VMMXX had gone from 0.01% to 1.00% in 2 years, while online savings accounts had barely budged, but now it looks like competition is finally picking up between the banks, so we are seeing those rates fina...
by MindBogler
Sat Jul 01, 2017 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone else got all their eggs in only the Vanguard basket?
Replies: 41
Views: 4057

Re: Anyone else got all their eggs in only the Vanguard basket?

I would say about 3/4 of my investments are in Vanguard funds but only about 1/3 are invested directly through Vanguard. The remaining 1/4 are in various Fidelity offerings that are in my current 401k. I always roll my 401ks over to Vanguard when changing jobs. But I also have a government 457 which...
by MindBogler
Fri Jun 30, 2017 11:07 pm
Forum: Investing - Theory, News & General
Topic: Why is it ok to avoid Chinese A Shares?
Replies: 41
Views: 2524

Re: Why is it ok to avoid Chinese A Shares?

China A shares are not transparent enough yet. The whole market is too nebulous to recommend anyone invest in. What do you really own?
by MindBogler
Thu Jun 29, 2017 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Familiar w/ DocuSign? Secure?
Replies: 13
Views: 958

Re: Familiar w/ DocuSign? Secure?

I completed every document for new construction except final closing via Docusign. I also sold my last property via Docusign (also minus closing). I believe they are trustworthy.
by MindBogler
Thu Jun 29, 2017 6:30 pm
Forum: Investing - Theory, News & General
Topic: Time in the market is more important, But seriously ?
Replies: 60
Views: 7552

Re: Time in the market is more important, But seriously ?

I understand the concept of hedging -- meaning as the markets fall you buy more and buy less when its as its peak -- however i am buying my entire investment into index funds at a known peak period . What would be your suggestion? I think one thing this post lacks is context. Are you early 20s and ...
by MindBogler
Thu Jun 29, 2017 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Negotiating a House Using Seller's Agent (opinions wanted)
Replies: 101
Views: 5395

Re: Negotiating a House Using Seller's Agent (opinions wanted)

livesoft wrote:Add a bank appraisal / loan contingency to your offer.

Always!
by MindBogler
Wed Jun 28, 2017 11:17 pm
Forum: Investing - Theory, News & General
Topic: Yes, This Is Market Timing: If the CAPE Goes Above 30, Bring on the Larry
Replies: 142
Views: 10252

Re: Yes, This Is Market Timing: If the CAPE Goes Above 30, Bring on the Larry

Contradictions all around. You don't predict return, but you do assume long-term positive returns. You don't predict return, but you do predict risk, as if the two aren't related. You set AA for risk management, and the value of the portfolio and your personal circumstances, but the value of the po...
by MindBogler
Wed Jun 28, 2017 9:41 pm
Forum: Investing - Theory, News & General
Topic: Yes, This Is Market Timing: If the CAPE Goes Above 30, Bring on the Larry
Replies: 142
Views: 10252

Re: Yes, This Is Market Timing: If the CAPE Goes Above 30, Bring on the Larry

Setting one's asset allocation is a market-independent decision, at least it's supposed to be. But don't suppose that just because someone might abuse the practice of setting up (and sticking to ) their IPS and asset allocation you get to impugn us all. You're proposing changing your asset allocati...
by MindBogler
Wed Jun 28, 2017 7:50 pm
Forum: Investing - Theory, News & General
Topic: Yes, This Is Market Timing: If the CAPE Goes Above 30, Bring on the Larry
Replies: 142
Views: 10252

Re: Yes, This Is Market Timing: If the CAPE Goes Above 30, Bring on the Larry

Do you think we should follow their advice today and go 0% stocks for the next ten years? Even though there is no way to prove or disprove their model? Changing your AA based on market conditions (valuations) is absolutely market-timing. It's the DEFINITION of market-timing. You are changing your A...
by MindBogler
Wed Jun 28, 2017 6:36 pm
Forum: Investing - Theory, News & General
Topic: Yes, This Is Market Timing: If the CAPE Goes Above 30, Bring on the Larry
Replies: 142
Views: 10252

Re: Yes, This Is Market Timing: If the CAPE Goes Above 30, Bring on the Larry

Do you think we should follow their advice today and go 0% stocks for the next ten years? Even though there is no way to prove or disprove their model? It doesn't mean you should be at 100% stocks either. I think it is fairly obvious that valuations matter. The problem with this forum is that whene...
by MindBogler
Tue Jun 27, 2017 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Realtor fee negotiations
Replies: 27
Views: 2431

Re: Realtor fee negotiations

Goal33 wrote:Sorry for stealing your thread, but my point is, don't have a family / friend realtor represent you. And make sure any deal is in writing.

This is strong advice in general. Family and business are two things best left unmixed.
by MindBogler
Tue Jun 27, 2017 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Realtor fee negotiations
Replies: 27
Views: 2431

Re: Realtor fee negotiations

I've had luck getting 1% knocked off both as a buyer and a seller. I would be surprised by any agent that wouldn't accept a 5% sale.
by MindBogler
Tue Jun 27, 2017 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Middle age job blues
Replies: 86
Views: 8808

Re: Middle age job blues

There is nothing scary about this thread. I know plenty of 50+ tech people that can find jobs easily. One of my colleague (around 50 year old) was laid off this year 2017, went for 3 interviews and all 3 companies want to hire him. He is pretty good at programming and has no problem writting code o...
by MindBogler
Sun Jun 25, 2017 3:29 pm
Forum: Personal Consumer Issues
Topic: Auto Throttle Body Servicing & Injector Flush: 2017 Equivalent to Strut Scam????
Replies: 10
Views: 941

Re: Auto Throttle Body Servicing & Injector Flush: 2017 Equivalent to Strut Scam????

Scam... People LOVE injector cleaning, which is a joke since gasoline IS an excellent solvent. Add to the fact that 10% ethanol is even better of a cleaning solvent. No, it's not a scam. The scam is paying someone to clean your injectors. All they do is dump a can of BG-44K or similar into the fuel...
by MindBogler
Sun Jun 25, 2017 3:26 pm
Forum: Investing - Theory, News & General
Topic: International Stocks - New thoughts
Replies: 83
Views: 6235

Re: International Stocks - New thoughts

I haven't seen any compelling reason to hold bonds denominated in another currency. More to the point, is there a compelling reason to avoid such bonds? The real return of bonds is such that the majority of the return is likely to be dominated by currency fluctuation. A declining dollar will have t...
by MindBogler
Sun Jun 25, 2017 1:11 pm
Forum: Investing - Theory, News & General
Topic: International Stocks - New thoughts
Replies: 83
Views: 6235

Re: International Stocks - New thoughts

Nobody has mentioned " total international bond index funds" in their folios on this post. I reduced mine gradually from 30% to ZERO in the past year because I prefer USA centric bond funds with the same, or less, risk characteristics. No hedging to contend with or exchange rates.. Am I r...
by MindBogler
Sat Jun 24, 2017 8:04 pm
Forum: Investing - Help with Personal Investments
Topic: 20 Years To Med School: Saving For Tuition Math
Replies: 28
Views: 2252

Re: 20 Years To Med School: Saving For Tuition Math

I realize this; I figure we can still use the savings for other purposes. Somehow I feel that I'd rather have the money ready for Med or any other professional school (college already funded via prepaid tuition) and the child not go that route than the opposite: the child wanting and being able to ...
by MindBogler
Sat Jun 24, 2017 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: 20 Years To Med School: Saving For Tuition Math
Replies: 28
Views: 2252

Re: 20 Years To Med School: Saving For Tuition Math

It has all to do with future returns, which by definition can be calculated from dividends, earnings growth, changes in P/E and higher order factors. In fact, 26 is almost exactly double than what the market has produced historically. Make no mistake, P/E = 26 is highly correlated to 10y yield = 2....
by MindBogler
Sat Jun 24, 2017 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: 20 Years To Med School: Saving For Tuition Math
Replies: 28
Views: 2252

Re: 20 Years To Med School: Saving For Tuition Math

P/E = 26, interest rates near their lower boundary and a known formula. PE has been 26 before but that has nothing to do with long term real returns of the market. I don't think forecasting 3.5% real return for the next 20 years has any good historic precedent. That is almost exactly half of what t...
by MindBogler
Sat Jun 24, 2017 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: 20 Years To Med School: Saving For Tuition Math
Replies: 28
Views: 2252

Re: 20 Years To Med School: Saving For Tuition Math

Thesaints wrote:
MindBogler wrote:
Thesaints wrote:Also, real 3.5% return is at the limit of a safe assumption with a 100% stocks investment.

Where did you get that number from? The real return of the S&P500 is closer to 7%.


"Has been", actually.

What makes you think this time will be different?
by MindBogler
Sat Jun 24, 2017 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: 20 Years To Med School: Saving For Tuition Math
Replies: 28
Views: 2252

Re: 20 Years To Med School: Saving For Tuition Math

Thesaints wrote:Also, real 3.5% return is at the limit of a safe assumption with a 100% stocks investment.

Where did you get that number from? The real return of the S&P500 is closer to 7%.
by MindBogler
Sat Jun 24, 2017 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Fed Raising Rates vs. Mortgage Rates
Replies: 6
Views: 797

Re: Fed Raising Rates vs. Mortgage Rates

From what I understand, mortgage rates are a little more correlated to the 10 year treassury note and less so to the fed's short term rate. The 10 year note and mortgage rates increased fairly suddenly after the election as a result of speculations in political policies and economic stimulus, infra...
by MindBogler
Sat Jun 24, 2017 2:36 pm
Forum: Investing - Theory, News & General
Topic: Anything wrong with 100% US Stocks?
Replies: 35
Views: 2756

Re: Anything wrong with 100% US Stocks?

Heaven knows what China would do under those circumstances. But if you don't have the basic institutional structure for the markets and the basic protection of shareholder rights that we've had institutionalized over 250 years here, you want to be very careful before you depart that." I'm not ...
by MindBogler
Sat Jun 24, 2017 2:29 pm
Forum: Investing - Theory, News & General
Topic: A time to EVALUATE your jitters
Replies: 205
Views: 112242

Re: A time to EVALUATE your jitters

A Japanese investor with a reasonable allocation to global stocks would have ended up just fine. Japan is exhibit A on why international diversification is important for all investors.
by MindBogler
Sat Jun 24, 2017 2:13 pm
Forum: Investing - Theory, News & General
Topic: "Home Bias Blues: Investors really should get out more. The reasons for sticking to local stocks are fewer by the day."
Replies: 52
Views: 4594

Re: "Home Bias Blues: Investors really should get out more. The reasons for sticking to local stocks are fewer by the da

The "interconnected world" argument works in both directions. Many US companies derive substantial income from overseas markets and many foreign companies derive substantial income from the United States. Every stock market has risks. There is a risk that the USA market has reached a 30 ye...
by MindBogler
Thu Jun 22, 2017 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Did I just get seriously ripped off?? (Car lease)
Replies: 54
Views: 5033

Re: Did I just get seriously ripped off?? (Car lease)

But the invoice price doesn't take into account the popularity of the vehicle and therefore current discounts on the vehicle. This only matters if there is "trunk money" or if the car is in extremely high demand like an M2, in which case you probably won't get $1000 over invoice anyway. I...
by MindBogler
Thu Jun 22, 2017 8:35 pm
Forum: Personal Consumer Issues
Topic: Turbochargers
Replies: 60
Views: 4114

Re: Turbochargers

As long as the turbo is water cooled there is little chance of the heat soak problems of the past. In the 80s many turbocharged vehicles were oil cooled only and they had significant problems with oil coking in the bearings leading to premature failure. Yes, adding turbos to a car increases the comp...
by MindBogler
Thu Jun 22, 2017 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Loan vs Mortgage
Replies: 29
Views: 2318

Re: Auto Loan vs Mortgage

Your car loan is at .9%, you can put 29k in an account at Ally and come out ahead. There is no reason to pay that off early while you still have PMI. You sure about the first quoted sentence? Does Ally pay more than inflation and taxes that beats a rate of 0.9% if your only two choices are to pay o...
by MindBogler
Tue Jun 20, 2017 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking towards a million and retiring at 55.
Replies: 38
Views: 5783

Re: Tracking towards a million and retiring at 55.

I may be in the minority here but I think you are on track. That is a generous pension and it will largely cover your expenses once you only have a single mortgage payment. Your portfolio only needs to hold the line until you start taking SS. Even if you draw at 62, I think you are still OK. The boa...
by MindBogler
Tue Jun 20, 2017 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking towards a million and retiring at 55.
Replies: 38
Views: 5783

Re: Tracking towards a million and retiring at 55.

The only debts I may be able to pay off sooner amount to $29,000 total, 2nd car $330 @3% and travel trailer $175 @ 5% (really low for this type of loan plus a claim the interests. Is there a reason you are holding on to the cash flow negative rental property? Have you considered selling it or are y...
by MindBogler
Tue Jun 20, 2017 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking towards a million and retiring at 55.
Replies: 38
Views: 5783

Re: Tracking towards a million and retiring at 55.

The only debts I may be able to pay off sooner amount to $29,000 total, 2nd car $330 @3% and travel trailer $175 @ 5% (really low for this type of loan plus a claim the interests. Is there a reason you are holding on to the cash flow negative rental property? Have you considered selling it or are y...
by MindBogler
Tue Jun 20, 2017 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking towards a million and retiring at 55.
Replies: 38
Views: 5783

Re: Tracking towards a million and retiring at 55.

7% is optimistic. Run your numbers again, only now use 6%, 5% and 4% then see how your plan looks. As of now, most industry projections show optimistic real returns of 4-5% for equities only, fixed income is zero to negative. I dont think 55 is the number unless you can bump savings rate higher. Wi...
by MindBogler
Mon Jun 19, 2017 1:59 pm
Forum: Investing - Theory, News & General
Topic: Market Monitoring -- Best Practices?
Replies: 33
Views: 1561

Re: Market Monitoring -- Best Practices?

I decided to migrate to 70/30 today. My allocation had drifted to close to 85/15 from recent gains. Its been almost 10 years since early 2009 when I shifted to 80/20. I'm not in the same place as I was then and I do not need to be taking this much risk today. I will sleep better tonight. :)
by MindBogler
Sun Jun 18, 2017 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Loan vs Mortgage
Replies: 29
Views: 2318

Re: Auto Loan vs Mortgage

I would pay down to get rid of PMI asap and look into a refinance. I haven't checked rates recently but I think you can shave .75 off that loan for a 30 yr fixed. Your car loan is at .9%, you can put 29k in an account at Ally and come out ahead. There is no reason to pay that off early while you sti...
by MindBogler
Sun Jun 18, 2017 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating a House Using Seller's Agent (opinions wanted)
Replies: 101
Views: 5395

Re: Negotiating a House Using Seller's Agent (opinions wanted)

Should I give the seller's agent a heads up we are thinking of getting our own agent, since he has already shown us the house twice and spent time with us looking at a few other houses? Of course we have not signed anything with him, but I feel like he deserves a call first. I believe you are under...
by MindBogler
Sun Jun 18, 2017 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating a House Using Seller's Agent (opinions wanted)
Replies: 101
Views: 5395

Re: Negotiating a House Using Seller's Agent (opinions wanted)

The OP doesn't need to explain anything in relation to the owner prior purchase price - that anchor is wholly irrelevant to the price today. It is absolutely relevant. If the seller overpaid in 2012 they may be asking too much today to try and "make up for their loss." If that is the case...
by MindBogler
Sun Jun 18, 2017 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating a House Using Seller's Agent (opinions wanted)
Replies: 101
Views: 5395

Re: Negotiating a House Using Seller's Agent (opinions wanted)

Also, a house of similar size on the same street just sold for $330,000. The lot is not flat and there is only a 2 car garage, but it would be considered a comp. This would suggest that the home for sale would not appraise high enough for a loan in the range the sellers are asking for. A buyer's ag...
by MindBogler
Sun Jun 18, 2017 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating a House Using Seller's Agent (opinions wanted)
Replies: 101
Views: 5395

Re: Negotiating a House Using Seller's Agent (opinions wanted)

Given you have now been rejected twice, I suspect you do not understand the market as well as you claim. You want the home and the seller has a price. That is the market price. I know housing markets vary widely, but I don't believe there is a single market in the USA where housing has not apprecia...
by MindBogler
Sun Jun 18, 2017 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating a House Using Seller's Agent (opinions wanted)
Replies: 101
Views: 5395

Re: Negotiating a House Using Seller's Agent (opinions wanted)

Not in your original response, you said that the 'sellar has a price' and that 'is the market price'. Indeed I did and I stand corrected. I stand by my original reasoning, though, even if I failed to properly convey it. Without additional knowledge of the property or area, the seller's "ballpa...
by MindBogler
Sun Jun 18, 2017 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating a House Using Seller's Agent (opinions wanted)
Replies: 101
Views: 5395

Re: Negotiating a House Using Seller's Agent (opinions wanted)

Factoring in the agent's commission, the seller is probably just about getting what they paid for the house back in 2012 with a $393 sale price...not that that has anything to do with the current value of the house. Sometimes, it just takes time for sellers to accept that they are going to lose mon...