Search found 2160 matches

by MossySF
Wed May 17, 2017 11:26 pm
Forum: Investing - Theory, News & General
Topic: International: Where's the benefit?
Replies: 63
Views: 5131

Re: International: Where's the benefit?

Open up Portfolio Visualizer and enter this instead: -- 100% Apple Then you can ask the question what's the benefit of adding the U.S. stock market when Apple outperformed by 100000000000%. The same answer that worked for your initial scenario works exactly for this scenario also. Whenever you diver...
by MossySF
Wed May 17, 2017 7:22 am
Forum: Investing - Theory, News & General
Topic: American Funds beat out Vanguard Index over lifetime?
Replies: 63
Views: 7292

Re: American Funds beat out Vanguard Index over lifetime?

If you don't use past performance to make guesses about the future, what else? Crystal balls? Casting runes? Newsletters from people who make their money from talking and writing about it? Use past performance as a general guideline based on probability principles. Say you are betting on a coin fli...
by MossySF
Mon May 15, 2017 12:34 am
Forum: Investing - Theory, News & General
Topic: American Funds beat out Vanguard Index over lifetime?
Replies: 63
Views: 7292

Re: American Funds beat out Vanguard Index over lifetime?

Here's a better question ... SO WHAT if one company beat another company in the past by these minor numbers? Let's say you held 100% of assets in retirement accounts and your AF stock funds were 0.5% better than indexes. OK, that might mean an extra $50K which at 4% SWR is $166/mo. But wait, you pro...
by MossySF
Sat May 13, 2017 10:37 pm
Forum: Investing - Help with Personal Investments
Topic: Why would anyone buy a condo (from an investment standpoint)
Replies: 43
Views: 6822

Re: Why would anyone buy a condo (from an investment standpoint)

For a condo, HOA definitely goes up. My HOA is now +45% higher than 8 years ago when I bought. Property tax is has also gone up but more slowly due to CA Prop 13. Most other states, it goes up with property values. I bought at the nadir of the housing bust and I've finally turned an overall profit a...
by MossySF
Sat May 13, 2017 12:02 am
Forum: Personal Finance (Not Investing)
Topic: My plan to use policy loans to fund first five years of retirement
Replies: 61
Views: 3662

Re: My plan to use policy loans to fund first five years of retirement

Talk about past expenses paid are under-the-bridge. Not sure if taking loans out is the best plan to be honest. If your goal is to leave money for heirs and your policy is death benefit + cash value, I'd draw down on other retirement assets first. My opinion here is primarily driven by the loan inte...
by MossySF
Wed May 10, 2017 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: Why not Vanguard(other MF houses) have 'Fee-only-advisors' ??
Replies: 5
Views: 752

Re: Why not Vanguard(other MF houses) have 'Fee-only-advisors' ??

If you think through the logic, a fee-only advisor should be independent from a mutual fund company. You give them your info, they do a one-time analysis and then send you on your way to either follow or not follow. If they were employed by a MF company, what choice could they have but to recommend ...
by MossySF
Wed May 10, 2017 12:02 am
Forum: Personal Consumer Issues
Topic: Expat Retirement Location with Health Care Eligibility
Replies: 30
Views: 2935

Re: Expat Retirement Location with Health Care Eligibility

I was in Malaysia earlier this year -- cost of living in Georgetown is cheap -- $1.50 on average for dinner at a hawker stall. Kuala Lumpur is more modern and double the price of Georgetown. You can get away with mostly English in the major cities in Malaysia. English is often used as the secondary ...
by MossySF
Mon May 01, 2017 10:31 pm
Forum: Investing - Help with Personal Investments
Topic: What should I do with existing VUL?
Replies: 8
Views: 778

Re: What should I do with existing VUL?

If you lost money, there's no need to do an exchange since you only would owe taxes on profits.
by MossySF
Fri Apr 28, 2017 10:04 am
Forum: Investing - Help with Personal Investments
Topic: Stay Out Of REITs?
Replies: 35
Views: 4656

Re: Stay Out Of REITs?

Depends on what strategy you use: 1) Simplicity -- yep, stay out -- pick whatever the TSM give you. 2) Splice and dice but fixed percentages where you have good auto-rebalancing tools -- keep with whatever percentage you previously had 3) You don't have anything now, you want to get into REITS and y...
by MossySF
Thu Apr 27, 2017 6:15 am
Forum: Investing - Theory, News & General
Topic: "I don't want to wait till I'm 59.5
Replies: 28
Views: 4426

Re: "I don't want to wait till I'm 59.5

This is one argument I have heard against maxing retirement accounts. Can someone please point me to some literature that I am sure will convince me that maxing retirement accounts first, etc. etc. is best, and that addresses the downside of locking away funds for so long and associated risks? This...
by MossySF
Wed Apr 26, 2017 8:48 pm
Forum: Personal Consumer Issues
Topic: Porsche Lease
Replies: 56
Views: 4318

Re: Porsche Lease

Back in my days when I got a similar fun car to drive, I first looked for a local car club for that model. And when I couldn't find one, I started one. We met once a month usually doing twisty mountain/coastal road drives. Every other month, I'd spend a weekend scouting roads when it was my turn to ...
by MossySF
Wed Apr 26, 2017 4:53 am
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 170
Views: 20427

Re: Any regrets living a frugal life for high income/high networth individuals?

Unless you are in the top 10 most wealthy in the world (e.g. Bill Gates), you have to prioritize. Even multi-millionaires have to prioritize whether to get a personal jet or a European vacation villa. Mega movie stars/sports starts/singers/lotto winners go bankrupt all the time because they couldn't...
by MossySF
Tue Apr 25, 2017 2:58 am
Forum: Personal Consumer Issues
Topic: New job and offer - recruiter sent a wrong $$
Replies: 43
Views: 5105

Re: New job and offer - recruiter sent a wrong $$

Changing jobs is like free agency in sports -- it's your opportunity to get a salary bump. If you waste your opportunity switching for the same salary, that'll just put your career 3-5 years further behind (the next move after this).
by MossySF
Tue Apr 25, 2017 2:20 am
Forum: Investing - Help with Personal Investments
Topic: Why is Real-Estate so Bad?
Replies: 113
Views: 9403

Re: Why is Real-Estate so Bad?

It's easy to fudge numbers to make RE returns seem better than they are. And we do it because that's just human psychology -- affirmation bias, loss avoidance, etc. You don't have the price of your RE holdings going up and down on a computer screen in realtime. So if there is a temporary drop, it's ...
by MossySF
Tue Apr 18, 2017 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: Why invest in International Index Fund?
Replies: 39
Views: 3726

Re: Why invest in International Index Fund?

20 years seems like a long time but if you eyeball historic charts, it feels like each cycle of performance/underperformance lasts about 7 years. Hence, 20 years is just enough to have a 2 GOOD/1 BAD or 2 BAD/1 GOOD in some sequence. Yeah, it sucks that you do have to wait 40 years to see a trend be...
by MossySF
Mon Apr 17, 2017 8:46 am
Forum: Investing - Help with Personal Investments
Topic: Why invest in International Index Fund?
Replies: 39
Views: 3726

Re: Why invest in International Index Fund?

If you look at the math directly, adding more diversification means you never will have the top performing portfolio for any period. Doesn't matter if it's 1 year, 5 years or 50 years. You will always lag the top portfolio that owned a single asset class (or a single stock) that performed best for t...
by MossySF
Mon Apr 17, 2017 12:38 am
Forum: Investing - Help with Personal Investments
Topic: I got a FACTA-related form from my home country?
Replies: 24
Views: 1185

Re: I got a FACTA-related form from my home country?

How? Most banks seem to charge a lot to do a wire transfer, and sending a check is usually very time consuming (typically takes a month to clear after it has been deposited) and there's a commission. Wells Fargo has a free transfer option if you are at PMA Plus status (250K balance). Otherwise, it'...
by MossySF
Thu Apr 06, 2017 7:15 am
Forum: Personal Finance (Not Investing)
Topic: Variable Universal Life - how long to stay?
Replies: 22
Views: 2180

Re: Variable Universal Life - how long to stay?

You should read through the prospectus yourself. The prospectus states the commission amount except they usually call it something like unit charge per dollar coverage. VULs *can* be decent if: (1) you already max out every possible retirement vehicle and have a hefty taxable account already ... (2)...
by MossySF
Mon Apr 03, 2017 9:22 am
Forum: Personal Consumer Issues
Topic: China Trip - Visa Expediter?
Replies: 26
Views: 1534

Re: China Trip - Visa Expediter?

I went and got my visa at the consulate myself. Took two visits, one to drop off my passport with the forms (15 mins total) and another 4 business days later to pick up my passport with the visa (5 mins total). Depends on which consulate. If you go to the one in San Francisco, it's 3-5 hours to sub...
by MossySF
Sun Apr 02, 2017 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Saving 50% of salary; what does it really mean?
Replies: 142
Views: 11078

Re: Saving 50% of salary; what does it really mean?

They mean after tax. That seems like it should have been the obvious answer to you. Actually, you would be wrong assuming that "should have been the obvious answer". I interpret that as 50% of gross income. Why shouldn't I look at it that way, when a potentially large chunk of your salary...
by MossySF
Fri Mar 31, 2017 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Saving 50% of salary; what does it really mean?
Replies: 142
Views: 11078

Re: Saving 50% of salary; what does it really mean?

And because they don't own a home, they don't pay real estate taxes and they don't get subjected to AMT. Have a kid and you'll find you may have part of your exemption taken away courtesy of Pease. I have the solution, let's all move to a no income tax state or don't buy a home, open a business so ...
by MossySF
Fri Mar 31, 2017 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Saving 50% of salary; what does it really mean?
Replies: 142
Views: 11078

Re: Saving 50% of salary; what does it really mean?

I ran some numbers on taxformcalculator.com with dual income professional couple over 55 and assumed their combined salary $300K. Even without including the real estate taxes or health insurance premium, 44% of the money is taken straight off the top! These numbers are too high. Using Taxcaster, I ...
by MossySF
Wed Mar 22, 2017 2:29 am
Forum: Personal Consumer Issues
Topic: Short visit to Hong Kong - "must do/see"?
Replies: 16
Views: 1362

Re: Short visit to Hong Kong - "must do/see"?

youdiditr2 wrote:I actually liked Hong Kong Disneyland. Don't shoot me!


The lines for HK Disneyland are way shorter than in other Disneylands around the world. There were a bunch of rides where we got off and immediately ran back in and got back on.
by MossySF
Wed Mar 22, 2017 12:29 am
Forum: Investing - Theory, News & General
Topic: Why buying the falling funds don’t work?
Replies: 7
Views: 1161

Re: Why buying the falling funds don’t work?

My own opinion ... I've tried various techniques across different accounts and it's better to let it ride for a while before you "rebalance". Momentum is a studied factor so if you switch out too soon, you may buy shares cheap but you lose out on a lot of the bubblicious gains. What the ri...
by MossySF
Wed Mar 22, 2017 12:06 am
Forum: Personal Consumer Issues
Topic: Anybody using the TERMINAL over the GUI in ubuntu?
Replies: 45
Views: 2750

Re: Anybody using the TERMINAL over the GUI in ubuntu?

The CLI is especially useful for doing lots of repetitive actions. For example, let's say you want to resize 100,000 photos to get them small enough to upload to some cloud account -- I would do something like this: echo "convert \$1 -resize 33.33% -filter Cubic -quality 80 ~/temp/resize33/\$1&...
by MossySF
Mon Mar 20, 2017 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: My son wants to move to Hong Kong
Replies: 35
Views: 4880

Re: My son wants to move to Hong Kong

I don't want to get this thread side-tracked. I was just making that comment that an average American with a white complexion working an average retail job at the mall will probably see a bump in social class and opportunities in Hong Kong. This could make it a bonus for moving to Hong Kong permanen...
by MossySF
Mon Mar 20, 2017 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: My son wants to move to Hong Kong
Replies: 35
Views: 4880

Re: My son wants to move to Hong Kong

The cost of housing is high but if you are willing to live in a smaller footprint, you can offset with other lower living costs. The metro is cheap and best run in the world. Many people live in high rises where you can just take an elevator down to the shops/supermarkets at ground/2nd floor of your...
by MossySF
Sat Mar 18, 2017 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: How to report HSA gains in CA return? (H&R block software)
Replies: 19
Views: 1220

Re: How to report HSA gains in CA return? (H&R block software)

For dividends and interest, it's easy. Make a fake 1099DIV entry that is tax-free for federal but taxable for CA. It would basically be the equivalent of dividends/interest from a nationwide muni bond fund. For capital gains, TaxAct allowed me to update line 13 of the CA Adjustment form to make the ...
by MossySF
Mon Mar 06, 2017 2:20 am
Forum: Personal Finance (Not Investing)
Topic: HSA Maintenance Fee - California Returns
Replies: 4
Views: 684

Re: HSA Maintenance Fee - California Returns

There's little guidance on CA HSA laws. I myself do deduct the fees against my interest/taxable gains.
by MossySF
Sun Mar 05, 2017 5:22 am
Forum: Personal Consumer Issues
Topic: Where do you order checks from?
Replies: 57
Views: 3898

Re: Where do you order checks from?

You can print your own checks if you have a MICR toner cartridge. My company used to do this in the old days before outsourced bill paying services.
by MossySF
Sun Mar 05, 2017 1:16 am
Forum: Investing - Theory, News & General
Topic: Why not hedge using futures?
Replies: 54
Views: 4058

Re: Why not hedge using futures?

A question; I do not understand the 60-40 breakdown of long and short term capital gains. The holding period for long term gains is one year. If I bought the short futures now it seems to me that at the end of the year everything would be short term capital gains? Capital gains on futures are taxed...
by MossySF
Fri Mar 03, 2017 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Ameriprise VUL IV ES: should I stay or should I go?
Replies: 2
Views: 235

Re: Ameriprise VUL IV ES: should I stay or should I go?

Since you can't get replacement insurance yet, just wait it out.

Yeah you got into a bad deal but it's pretty much a wash whether you take the surrender charge now or wait it out. The insurance companies always design it perfectly to benefit them either way.
by MossySF
Thu Mar 02, 2017 1:28 pm
Forum: Personal Consumer Issues
Topic: Chromebook video quality question
Replies: 13
Views: 808

Re: Chromebook video quality question

If using an HDMI cable the computer should be able to find out the TV's native resolution and set the video output resolution accordingly, so I doubt it's a case of mismatched resolutions. More likely that the resolution was just too low for the size of the TV screen. In mirror mode, the highest co...
by MossySF
Thu Mar 02, 2017 12:49 pm
Forum: Personal Consumer Issues
Topic: Chromebook video quality question
Replies: 13
Views: 808

Re: Chromebook video quality question

This would be a TV resolution mismatch. Your TV probably doesn't support enough resolution variations so your Chromebook has to negotiate down to something low. This is common for TVs that weren't designed for computer resolutions.
by MossySF
Thu Mar 02, 2017 1:38 am
Forum: Personal Consumer Issues
Topic: Used German Luxury vs New Japanese
Replies: 89
Views: 8240

Re: Used German Luxury vs New Japanese

I'll insert a caveat about the driving experience. It dramatically decreases as you get into the heavier models. From looking at the OP's target of $50K used, that's about the price of 3-year old BMW 750. You'd just be driving a boat with a big engine and is not that different from a Japanese car at...
by MossySF
Wed Mar 01, 2017 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Why can't I save enough to have decent vacation or restaurant meal
Replies: 125
Views: 12061

Re: Why can't I save enough to have decent vacation or restaurant meal

In a country as large as the United States, surely there are "decent" vacation spots close by to anybody which won't cost an arm & a leg?!?!
by MossySF
Sun Feb 26, 2017 8:44 pm
Forum: Investing - Theory, News & General
Topic: News Article Today: Index Investing Unmasked: 96% Of Stocks Are Garbage. What does this mean??
Replies: 13
Views: 1637

Re: News Article Today: Index Investing Unmasked: 96% Of Stocks Are Garbage. What does this mean??

All you have to do is identify the 96% underperforming stocks and not invest in them. Easy. Right?
by MossySF
Thu Feb 02, 2017 5:35 pm
Forum: Personal Consumer Issues
Topic: Should you stop using your antivirus software?
Replies: 36
Views: 2919

Re: Should you stop using your antivirus software?

Antivirus is pretty much useless against today's phishing attacks. Our work computers had everything enabled -- latest patches, antivirus, firewalls, etc. -- and a user clicking an email attachment activated ransomware that encrypted half our drives. Antivirus can only protect against known signatur...
by MossySF
Wed Feb 01, 2017 12:39 am
Forum: Investing - Theory, News & General
Topic: Betterment just raised their costs.
Replies: 191
Views: 18002

Re: Betterment just raised their costs.

Vanguard's 0% platform fee is for the no advisor service -- whether robo or personal. If you can do it all yourself, why did go to Betterment in the first place? Now I feel for the overseas expats working for foreign employers who had to choose Betterment because Vanguard wouldn't let them open acco...
by MossySF
Sat Jan 14, 2017 6:33 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 18266

Re: "Millennials may need to double how much they save for retirement"

jimb_fromATL wrote:Just saw a news article somewhere on TV this morning that the average millennial spends a bigger percentage of their budget for coffee than for retirement funding.


So $30/day coffee habit means they could be saving as much as $11K a year which is a pretty good number.
by MossySF
Tue Jan 10, 2017 12:36 am
Forum: Local Chapters and Bogleheads Community
Topic: Sad News About a Respected Forum Member
Replies: 118
Views: 20428

Re: Sad News About a Respected Forum Member

I loved reading Ole Meph's posts about insurance. The details to be gleaned were always enlightening.

He will be missed on this forum and in life.
by MossySF
Tue Jan 10, 2017 12:34 am
Forum: Investing - Help with Personal Investments
Topic: [403(b) Fidelity or TIAA Cref allocation, and do I want one?]
Replies: 137
Views: 5714

Re: EJ not [costing me as much as] others?

Besides the annual capital gains, the biggest strike against the EJ FA is putting you in 19 different funds. Blend them all together and then look at the combined stock holdings -- how much different will that be from holding 2 or 3 Vanguard index funds (besides the extra fees, taxes and complicatio...
by MossySF
Mon Jan 09, 2017 3:09 am
Forum: Personal Finance (Not Investing)
Topic: W2 vs. 1099
Replies: 6
Views: 624

Re: W2 vs. 1099

I have no idea what your tax professional told you but they really should presented something more concrete versus just "more deductions". It would have taken them 5 minutes to whip up a spreadsheet to show the net gain/loss for the 2 scenarios. If it was me, the employer would have to off...
by MossySF
Sat Jan 07, 2017 3:37 am
Forum: Investing - Theory, News & General
Topic: Can someone explain Vanguard's higher turnover rates vs Index Funds?
Replies: 22
Views: 2272

Re: Can someone explain Vanguard's higher turnover rates vs Index Funds?

Here's something to think about. Say rates drop and a bond price appreciates. I could hold onto it until maturity and which time all the capital gains would disappear in favor of the annual distributions of interest. What's my tax rate on interest? Income rate. Or I could sell it, take the gains imm...
by MossySF
Thu Jan 05, 2017 5:38 am
Forum: Investing - Theory, News & General
Topic: VUSD or HKG:3140
Replies: 3
Views: 291

Re: VUSD or HKG:3140

Because Europe treats dividends and capital gains differently, European ETFs try to reinvest dividends as part of internal mechanism. This means when dividends are issued by the underlying S&P500 companies, the price of the ETF does not decrease. In Hong Kong, neither capital gains nor dividends...
by MossySF
Fri Dec 30, 2016 11:09 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting - Is it worth it?
Replies: 85
Views: 6873

Re: Tax Loss Harvesting - Is it worth it?

I remembered to TLH just in time to get my transactions done on 12/30. It'll cost me an extra time to type in all the transactions into TaxAct. But I type fast and I consider saving probably $2000 in taxes to be worth my time. EDIT: I see TaxAct has a CSV import option. I'll try that this coming yea...
by MossySF
Fri Dec 30, 2016 9:29 am
Forum: Investing - Theory, News & General
Topic: "Maybe instead of chanting 'U-S-A', investors should be thinking 'C-A-P-E'?"
Replies: 18
Views: 2506

Re: "Maybe instead of chanting 'U-S-A', investors should be thinking 'C-A-P-E'?"

If I was to use such a strategy, I'd keep the stock/bond allocation the same but range US/INTL based on relatively historic CAPE versus current CAPE. For example, make 70/30 US/INTL the middle/average point with 60/40 <--> 80/20 as the range.
by MossySF
Fri Dec 30, 2016 1:21 am
Forum: Investing - Theory, News & General
Topic: "Maybe instead of chanting 'U-S-A', investors should be thinking 'C-A-P-E'?"
Replies: 18
Views: 2506

Re: "Maybe instead of chanting 'U-S-A', investors should be thinking 'C-A-P-E'?"

Whether rebalancing or over-rebalancing, there's always a bit of knife catching. If you do it in steps versus one big chunk, you can usually capture enough of the bottom. If you aim for buying every share at absolutely bottom and selling every share at absolute top, you will always miss. I usually s...
by MossySF
Thu Dec 29, 2016 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: Canada + US Tax-Advantaged Accounts for Dual Citizen
Replies: 5
Views: 420

Re: Canada + US Tax-Advantaged Accounts for Dual Citizen

Will Canada let you contribute to a RRSP if you aren't a tax resident? Thinking it through logically, I doubt it since you'd need Canadian earned income in order to deduct it from Canadian taxes.
by MossySF
Thu Dec 29, 2016 7:40 pm
Forum: Personal Consumer Issues
Topic: Learning an instrument as an adult? Almost Five Month Update
Replies: 138
Views: 13646

Re: Learning an instrument as an adult?

I played Double Bass plus did some "backup" Cello in school and didn't think it was any harder than violin/viola (when messing around during off time). I did try picking up a violin recently and my hands are too big nowadays to press down the strings with any accuracy. But my wide hands th...

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