Search found 733 matches

by RenoJay
Wed Jan 13, 2016 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Retired Bogleheads -- How much did you spend last year?
Replies: 60
Views: 5765

Re: Retired Bogleheads -- How much did you spend last year?

$200k. That includes about $80k of alimony/child support that will end some day. Please let it end some day!!
by RenoJay
Wed Jan 13, 2016 7:39 pm
Forum: Investing - Theory, News & General
Topic: Sigh. IlliniDave = Market Timer (VGENX) [Vanguard Energy Fund]
Replies: 29
Views: 3269

Re: Sigh. IlliniDave = Market Timer (VGENX)

I've been buying Vanguard's Energy ETF, so you're in good company, but the amount in there represents less than 1.5% of investable assets. The rest of the equity portion is mostly in total market (US and Intl) indexes.
by RenoJay
Wed Jan 13, 2016 7:36 pm
Forum: Investing - Theory, News & General
Topic: What do you use to calculate total % up or down each year?
Replies: 37
Views: 1657

Re: What do you use to calculate total % up or down each year?

I simply look at the difference in my net worth each year as a percentage. This does very, very little to tell me the performance of my funds (since my formula does not account for ordinary income earned or money spent) but when I end up with a green arrow I buy myself a double scoop of ice cream in...
by RenoJay
Wed Jan 13, 2016 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Deed in 2 peoples name that aren't married
Replies: 59
Views: 4609

Re: Deed in 2 peoples name that aren't married

Agreed. Get the facts (including who invested what, who paid the mortgage, etc.) and get to an attorney. Perhaps a letter from an attorney that the ex will need to go to court to defend his claim (i.e. spend money on lawyers when he's down on his luck) along with an offer of a small payout if he sim...
by RenoJay
Wed Jan 13, 2016 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Owner Financing a Condo
Replies: 13
Views: 1568

Re: Owner Financing a Condo

Just finished reading the other comments and realized my suggestion was years too late. Congrats on getting out of the home you no longer wanted.
by RenoJay
Wed Jan 13, 2016 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Owner Financing a Condo
Replies: 13
Views: 1568

Re: Owner Financing a Condo

I have done many "hard money" loans and been very satisfied with the result. These were not "owner-financed" but the lessons are the same. Here's what I look for: 1. A hefty cash down payment, typically 30%+ of the purchase price. 2. A reliable source of income (i.e. a job) for t...
by RenoJay
Wed Jan 13, 2016 7:20 pm
Forum: Investing - Theory, News & General
Topic: Let's say you wanted to buy some investments....
Replies: 18
Views: 1581

Re: Let's say you wanted to buy some investments....

I am considering buying more of Vanguard's Energy ETF (VDE) and am considering adding to my position in Vanguard's Total International Stock (VTIAX). I agree with a previous poster that the US markets do not strike me as a bargain despite the recent pullback. When we're in Dow 14,000 - 15,000 territ...
by RenoJay
Mon Jul 20, 2015 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Can two different companies contribute to my SEP IRA?
Replies: 1
Views: 211

Can two different companies contribute to my SEP IRA?

I run a number of small, privately held companies. I shut down the S-Corp that had been contributing to my SEP IRA. Am I allowed to have my LLC contribute to that same pre-existing SEP IRA assuming that all other rules about maximum contributions, etc. are met? Thank you!
by RenoJay
Wed Mar 25, 2015 4:15 pm
Forum: Investing - Theory, News & General
Topic: Intl Funds with Currency Hedge - Good or dumb?
Replies: 8
Views: 599

Re: Intl Funds with Currency Hedge - Good or dumb?

Thanks. I skimmed the article and it seems to be saying not waste one's effort on currency hedging for equities; just let the pieces fall where they may. So no work for me to do! Yay!
by RenoJay
Wed Mar 25, 2015 3:43 pm
Forum: Investing - Theory, News & General
Topic: Intl Funds with Currency Hedge - Good or dumb?
Replies: 8
Views: 599

Re: Intl Funds with Currency Hedge - Good or dumb?

Taylor, thanks so much. I clicked both links, however, they both went to the article about bonds. Was there a different link for equities? (Which is what I'm interested in.)
by RenoJay
Wed Mar 25, 2015 3:26 pm
Forum: Investing - Theory, News & General
Topic: Intl Funds with Currency Hedge - Good or dumb?
Replies: 8
Views: 599

Intl Funds with Currency Hedge - Good or dumb?

Hi,
I apologize if this topic has been covered, but I haven't been to BH in a while. What are the BogleHeads' ideas about owning international fund/ETFs that hedge currency risk vs. just owning the funds that have both the equity risk AND the currency risk. (I'm a US-based investor.) Thanks.
by RenoJay
Fri Nov 21, 2014 10:17 am
Forum: Investing - Theory, News & General
Topic: Does investing in a 401k actually save any money?
Replies: 75
Views: 11090

Re: Does investing in a 401k actually save any money?

yzhang12 wrote:Tax free growth.


But that's my question. Is there any "tax free" growth? It seems you get tax deferred growth in exchange for massively overpaying the taxes down the road which eliminates the benefit. Am I wrong?
by RenoJay
Fri Nov 21, 2014 10:10 am
Forum: Investing - Theory, News & General
Topic: Does investing in a 401k actually save any money?
Replies: 75
Views: 11090

Does investing in a 401k actually save any money?

Let's assume overall tax rates stay the same for 30 years since none of us has a crystal ball. Let's further assume that someone who is in the 33% marginal tax bracket during his working career will be in the 28% tax bracket when he retires. Let's further assume he's an index fund investor and over ...
by RenoJay
Tue Nov 18, 2014 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: 18 and Need Help Starting [Classroom research assignment]
Replies: 67
Views: 5936

Re: 18 and Need Help Starting [Classroom research assignment

How I'd go about this assignment (which I think is very creative. I like this Prof!): Check out http://www.payscale.com for salary info. Then pick a high paying profession (like engineering). Start working right out of school, but live at home with mom and dad and get the student loan paid off asap....
by RenoJay
Tue Nov 18, 2014 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401k Contribution Limit Question
Replies: 3
Views: 858

Re: Solo 401k Contribution Limit Question

What total income would you use to determine the maximum contribution allowable to the solo 401k ($100k, $200k, $300k or some other amount) and how much would that contribution be assuming the owner is younger than 50? The solo 401k is for business income, so unless the interest and dividends are b...
by RenoJay
Tue Nov 18, 2014 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401k Contribution Limit Question
Replies: 3
Views: 858

Solo 401k Contribution Limit Question

I'm trying to figure out which income counts toward the solo 401k contribution limits and would appreciate any guidance from Bogleheads with knowledge. Suppose someone owned an LLC that qualified for a solo 401k. Suppose the owner of this LLC had all of the following income in 2014: $100k of profit ...
by RenoJay
Sat Oct 18, 2014 2:43 pm
Forum: Investing - Theory, News & General
Topic: Putting 529's into a trust
Replies: 2
Views: 541

Re: Putting 529's into a trust

Thanks very much. What about UTMA accounts...any trust implications there?
by RenoJay
Sat Oct 18, 2014 12:24 am
Forum: Investing - Theory, News & General
Topic: Putting 529's into a trust
Replies: 2
Views: 541

Putting 529's into a trust

My friend is going through a divorce and his ex wife wants him to put their kids' college accounts (529's and UTMA's) into a trust, presumably to ensure safe-keeping. Are there any downsides from a tax or other standpoint to putting these kind of accounts into a trust?
by RenoJay
Mon Sep 29, 2014 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Too many houses?
Replies: 37
Views: 6750

Re: Too many houses?

I own a bunch of houses, and it can definitely feel like "too much." The big discovery I made a few years ago was hard-money lending where I'd loan people money for them to buy a house. They deal with the headaches while providing me a 9%-10% totally passive return. In my opinion it's been...
by RenoJay
Tue Jul 08, 2014 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: List of Worst financial advice (what not to do):
Replies: 144
Views: 17363

Re: List of Worst financial advice (what not to do):

I was at a dinner party at my next door neighbor's (he's worth about $20 million) and he said, "Diversification is stupid. I only invest in tech." (He made his money selling a business, not from investing.) :D
by RenoJay
Sun Jun 08, 2014 12:55 pm
Forum: Investing - Theory, News & General
Topic: Investment porn - today's edition courtesy of CNN
Replies: 15
Views: 3538

Re: Financial porn - today's edition courtesy of CNN

I read that article yesterday. I also mentioned that he pulled all his money out of equities at the end of 2007. That alone was a pretty savvy move.
by RenoJay
Sun Jun 08, 2014 11:02 am
Forum: Investing - Theory, News & General
Topic: High P/E = high future returns?
Replies: 20
Views: 1667

Re: High P/E = high future returns?

The bigger indicator for me is that lately I've seen lots of posts, articles, new stories, etc. with compelling-sounding reasons about why stocks are not expensive, why they should keep going up, etc. That's my queue to rebalance out of equities a bit. Similar favorable stories were very common in 1...
by RenoJay
Sat Jun 07, 2014 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: The 2 comma paradox
Replies: 155
Views: 15663

Re: The 2 comma paradox

I do worry. It's just my nature. I'm in awe of the people who truly can set-it-and-forget-it because I don't fit into that camp. When I do start to worry, I usually use some math equations to remind myself that at the new number lower number I'm still in fine financial shape logically. That typicall...
by RenoJay
Mon Jun 02, 2014 10:36 am
Forum: Investing - Help with Personal Investments
Topic: Sell stocks now to buy house in 2 years?
Replies: 10
Views: 1108

Sell stocks now to buy house in 2 years?

I have a friend who wants to buy a house in about two years. It'll likely be a cash deal for the house, and most of the funds are currently in index funds at Vanguard in a taxable account which has fairly substantial unrealized long term capital gains. Should she: 1. Sell enough equities now to cove...
by RenoJay
Wed May 07, 2014 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Any benefit to a prenup for us?
Replies: 59
Views: 4797

Re: Any benefit to a prenup for us?

A lot of people are saying it's too late, but I'd suggest getting a POST-nup after the wedding. Sounds like you and your betrothen are basically on the same page for now, so a post-nup should be non controversial and probably more enforceable in court than a pre-nup since neither one is holding the ...
by RenoJay
Sun Apr 27, 2014 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: How much did I spend? [mortgage question]
Replies: 43
Views: 12359

Re: How much did I spend?

It's interesting...within the course of this discussion, there has been suggestion that the full amount paid counts as expense and that none of it counts as expense. That just shows that seemingly concrete rules of thumb, such as "The 4% Rule" are truly wishy washy because there is not uni...
by RenoJay
Fri Apr 25, 2014 9:45 am
Forum: Personal Finance (Not Investing)
Topic: How much did I spend? [mortgage question]
Replies: 43
Views: 12359

Re: How much did I spend?

I'm the original poster. Thanks for the lively debate. I actually didn't see the other thread that's being referred to. The basis of the question is this: I'm considering early retirement in a few years. I'll have about 11 years left on my mortgage at that time. I have reasonable confidence that the...
by RenoJay
Thu Apr 24, 2014 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: How much did I spend? [mortgage question]
Replies: 43
Views: 12359

How much did I spend? [mortgage question]

If I had a theoretical mortgage payment of $3,000 a month, and half of it went to interest and half to principle, did I spend $3,000, or did I spend $1,500 and reallocate $1,500 from cash to home equity?
by RenoJay
Thu Apr 24, 2014 9:47 pm
Forum: Personal Consumer Issues
Topic: Advise on Ads when browsing the internet
Replies: 4
Views: 586

Re: Advise on Ads when browsing the internet

Google "Ad Block." I believe it works on Chrome.
by RenoJay
Thu Apr 10, 2014 9:50 pm
Forum: Personal Consumer Issues
Topic: Life in the Bay Area and housing costs
Replies: 51
Views: 5722

Re: Life in the Bay Area and housing costs

I grew up in South Bay. The weather is lovely, but there's really no reason to stay there unless you're a high tech employee with lots of unvested, valuable stock options or if you have a strong connection to the area. I moved to Reno about 10 years ago and haven't regretted. The cost of everything...
by RenoJay
Thu Apr 10, 2014 7:25 pm
Forum: Personal Consumer Issues
Topic: Life in the Bay Area and housing costs
Replies: 51
Views: 5722

Re: Life in the Bay Area and housing costs

I grew up in South Bay. The weather is lovely, but there's really no reason to stay there unless you're a high tech employee with lots of unvested, valuable stock options or if you have a strong connection to the area. I moved to Reno about 10 years ago and haven't regretted. The cost of everything ...
by RenoJay
Sun Apr 06, 2014 8:31 pm
Forum: Investing - Theory, News & General
Topic: Buffett hasn't beaten the market regularly since '07
Replies: 20
Views: 2863

Re: Buffett hasn't beaten the market regularly since '07

Packer, thanks for the response. I'd be lying if I claimed I understood all of it, but I still have the question that if Buffett has control of book value of BRK, wouldn't CEOs of other S&P 500 firms have control of the book value of their stocks? Aren't they subject to the same wisdom of the cr...
by RenoJay
Sun Apr 06, 2014 12:40 pm
Forum: Investing - Theory, News & General
Topic: Buffett hasn't beaten the market regularly since '07
Replies: 20
Views: 2863

Re: Buffett hasn't beaten the market regularly since '07

I hope this isn't too off-topic, but Buffett compares Berkshire's "book value" against the actual return of the S&P 500 including dividends. This always struck me as an apples to oranges comparison since, if shareholders are forced to liquidate their BRK holdings, they don't get the ch...
by RenoJay
Sun Apr 06, 2014 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Going from S-Corp to Sole Proprietor
Replies: 7
Views: 1399

Re: Going from S-Corp to Sole Proprietor

Thank you all for the excellent feedback and advice!
by RenoJay
Fri Apr 04, 2014 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Going from S-Corp to Sole Proprietor
Replies: 7
Views: 1399

Going from S-Corp to Sole Proprietor

I will follow up with my CPA on these questions, but first I was hoping to tap some Boglehead wisdom. For ten years I’ve owned an S-Corp. In the old days, I had lots of revenue from websites running through it, but lately it’s mostly a vehicle for commission income I earn from doing sales. I learned...
by RenoJay
Sun Mar 02, 2014 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: What was your dumbest financial decision?
Replies: 172
Views: 17545

Re: What was your dumbest financial decision?

I bought a house in Nevada in late 2006. I knew there was a housing bubble and had been a renter from 2002-2006. Then, after I saw the local market fall 20%, I figured it was a safe time to get in. Then I watched prices continue to plummet for years. Now we're on the upswing, but the value is still ...
by RenoJay
Thu Feb 27, 2014 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Should I let a credit card expire?
Replies: 8
Views: 1443

Re: Should I let a credit card expire?

I recently canceled a Chase card I've had since 2003 with a 25k credit limit and within a few weeks received an alert from Equifax informing me that my FICO score had dropped 12 points. Still have about $150k in unsecured credit and never carry a balance so I wouldn't think closing the account woul...
by RenoJay
Wed Feb 26, 2014 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Should I let a credit card expire?
Replies: 8
Views: 1443

Should I let a credit card expire?

I received notice that a credit card which is buried deep in my drawer somewhere is going to be cancelled due to non-use unless I renew it soon. The card has a limit which is only about 6% of our total, available revolving credit, and we only utilize about 6-8% of our available revolving credit (and...
by RenoJay
Fri Feb 21, 2014 7:33 pm
Forum: Investing - Theory, News & General
Topic: Warning about P2P Lending [Peer-to-Peer]
Replies: 42
Views: 7994

Re: Warning about P2P Lending [Peer-to-Peer]

Instead, I'd rather loan $250k against a property worth $450k, get a fixed rate of 9% - 10% and be done with it. (Which is pretty much what the collateral-backed lending I've done looks like.) I'm still amazed you can find people that are smart enough to have saved a $200k down-payment, yet dumb en...
by RenoJay
Fri Feb 21, 2014 1:41 pm
Forum: Investing - Theory, News & General
Topic: Warning about P2P Lending [Peer-to-Peer]
Replies: 42
Views: 7994

Re: Warning about P2P Lending [Peer-to-Peer]

For those who have done consistently well with P2P (i.e. 8%+ returns for more than three years), I would be very interested to learn what you did/do differently from me. If you're willing to share, these details would be valuable: 1. When did you start? 2. How big are your loans? 3. How many loans ...
by RenoJay
Fri Feb 21, 2014 10:38 am
Forum: Investing - Theory, News & General
Topic: Warning about P2P Lending [Peer-to-Peer]
Replies: 42
Views: 7994

Re: Warning about P2P Lending [Peer-to-Peer]

For those who have done consistently well with P2P (i.e. 8%+ returns for more than three years), I would be very interested to learn what you did/do differently from me. If you're willing to share, these details would be valuable: 1. When did you start? 2. How big are your loans? 3. How many loans d...
by RenoJay
Wed Feb 19, 2014 6:53 pm
Forum: Investing - Theory, News & General
Topic: Warning about P2P Lending [Peer-to-Peer]
Replies: 42
Views: 7994

Re: Warning about P2P Lending [Peer-to-Peer]

I think the mistake people make is treating this in accordance with the Bogle-ish principle of broad diversification (and relative agnosticism to the individual borrower). There are too few borrowers using these platforms for investors to really benefit from diversification. You either have to trea...
by RenoJay
Wed Feb 19, 2014 1:55 pm
Forum: Personal Consumer Issues
Topic: Attic Retrofit: Spray Foam Insulation [Updated w Images]
Replies: 50
Views: 6310

Re: Attic Insulation Retrofit: Spray Foam Insulation

All I know is that I got quotes a few years, and the spray foam insulation was easily 5x more expensive.
by RenoJay
Wed Feb 19, 2014 10:02 am
Forum: Investing - Theory, News & General
Topic: Warning about P2P Lending [Peer-to-Peer]
Replies: 42
Views: 7994

Re: Warning about P2P Lending [Peer-to-Peer]

RenoJay, thanks for sharing your experience. I would be interested in hearing more information like the number of notes you had, loan grades, weighted average interest rate etc. There are a lot of factors that play a role in p2p lending and those who are getting 8-10% returns once notes are seasone...
by RenoJay
Tue Feb 18, 2014 9:47 pm
Forum: Investing - Theory, News & General
Topic: Warning about P2P Lending [Peer-to-Peer]
Replies: 42
Views: 7994

Warning about P2P Lending [Peer-to-Peer]

Hi All, About two years ago I was one of the big proponents on this board for P2P lending through LendingClub and Prosper. I just want to post a caution that I've changed my tune 180 degrees. Starting about eight or nine months ago, I noticed the monthly interest collected was rapidly dwindling to t...
by RenoJay
Mon Jan 27, 2014 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: High Umbrella Limits - A waste
Replies: 77
Views: 8587

Re: High Umbrella Limits - A waste

We are very glad that one particular person DID purchase umbrella coverage. WE would have been destitute at that point in our lives, and/or our child would not have had the care that was, in fact, provided. (And there might NOT have been as good a recovery.) What bills did you have that wouldn't ha...
by RenoJay
Mon Jan 27, 2014 10:52 am
Forum: Personal Finance (Not Investing)
Topic: High Umbrella Limits - A waste
Replies: 77
Views: 8587

Re: High Umbrella Limits - A waste

Just out of curiosity, after reading this thread last night I decided to see what it would cost to double my umbrella from $5 MM to $10 MM. My premium for $5 MM is around $1,100/year. I only found one carrier who would do $10 MM (GEICO) and their quote was around $3,400/year. I was dumbfounded and t...
by RenoJay
Sun Jan 26, 2014 9:32 pm
Forum: Personal Consumer Issues
Topic: unanticipated savings (or costs) of stay at home parent?
Replies: 18
Views: 1619

Re: unanticipated savings (or costs) of stay at home parent?

My unexpected cost of my wife staying home is that when the kids are at school she seems to always discover some product on the Internet that we just need to have. :oops:
by RenoJay
Mon Dec 23, 2013 8:32 pm
Forum: Investing - Theory, News & General
Topic: Grrr...unexpected capital gain distribution
Replies: 18
Views: 2657

Re: Grrr...unexpected capital gain distribution

Just use specific ID and sell the shares that were automatically reinvested. If they have a loss, that's tax-loss harvesting :) If they have a gain, that's better than they would've done in your checking or mm account. Livesoft: This is an interesting tip, although if I've previously chosen a diffe...
by RenoJay
Mon Dec 23, 2013 3:42 pm
Forum: Investing - Theory, News & General
Topic: Grrr...unexpected capital gain distribution
Replies: 18
Views: 2657

Re: Grrr...unexpected capital gain distribution

Putting them into an MM fund doesn't change the tax due (except for the a small amt of CG distributions on those CG distributions next year. Yes, I'm aware of that but the goal is to lessen my equity exposure so I hate the fact that this was automatically reinvested into a fund in which I'd rather ...

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