Search found 4371 matches

by Sandtrap
Mon May 21, 2018 8:38 pm
Forum: Investing - Theory, News & General
Topic: The Millionaire Next Door and civil servants
Replies: 35
Views: 6407

Re: The Millionaire Next Door and civil servants

Perhaps the "Millionaire Next Door" series continues to be popular because of the allure of the spirit of entrepreneurship. I have always found it very interesting that many of the millionaires Stanley studied believe that there was a definite element of 'being in the right place at the right time'...
by Sandtrap
Mon May 21, 2018 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Savings Account emptied out!
Replies: 39
Views: 4773

Re: Chase Savings Account emptied out!

This is a good reminder for everyone to sign up for e-mail/text alerts (bank, brokerage and credit card) so you get a notification whenever there is account activity. Perfect advice. I did this. Recently got a text message that my Chase account was overdrawn $300,000.00 !!!!! :shock: Error on my pa...
by Sandtrap
Mon May 21, 2018 10:15 am
Forum: Personal Consumer Issues
Topic: Detached Garage
Replies: 18
Views: 2100

Re: Detached Garage

Thanks for all the informative responses. It seems like the general consensus is that whichever option I go with to be sure that it’s dug below the frost line. Thanks again. The other basic thing is to follow the local codes and recommendations from your architect. They will be adapted to your cond...
by Sandtrap
Mon May 21, 2018 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Buying a Vacation Rental Property as an Investment
Replies: 45
Views: 2928

Re: Buying a Vacation Rental Property as an Investment

Lot's of excellent info already provided by others. Some random thoughts: Given CCR's and local code, etc, allow short term and other vacation rental type investments. . . 1. Purchase the R/E investment with the option of switching to long term standard rentals and make it as lucrative to do so. 2. ...
by Sandtrap
Mon May 21, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning Basics
Replies: 21
Views: 1637

Re: Estate Planning Basics

You could include a disclaimer trust for the surviving spouse in case the surviving spouse waives anything passing to him or her upon the first spouse's death. Bruce, are you saying that a surviving spouse can't disclaim unless they have a disclaimer trust?? 1210 Good question. Thanks. Can a "credi...
by Sandtrap
Mon May 21, 2018 9:57 am
Forum: Investing - Help with Personal Investments
Topic: need advice on books for teenagers
Replies: 8
Views: 721

Re: need advice on books for teenagers

You can't run a business successfully unless you have a true understanding of how to "bank", start here: https://www.fdic.gov/consumers/consumer/moneysmart/young.html It's age specific, but if you can't master the basics, you will be unfortunately subject to being "taken". and then, for the entrepr...
by Sandtrap
Mon May 21, 2018 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning Basics
Replies: 21
Views: 1637

Re: Estate Planning Basics

Read: Books on Wills, Trusts, and Estates Beyond the Grave: The Right Way and the Wrong Way of Leaving Money to Your Children (And Others) https://www.amazon.com/gp/product/0887307035/ref=oh_aui_search_detailpage?ie=UTF8&psc=1 Thanks for the book recommendation, I just ordered it. As resident legal...
by Sandtrap
Mon May 21, 2018 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning Basics
Replies: 21
Views: 1637

Re: Estate Planning Basics

Read: Books on Wills, Trusts, and Estates ... Thanks for the book recommendation, I just ordered it. While that book is popular here, keep in mind that the author is in California, so much of what he writes is geared to community property states, particularly California. Also note that he focuses o...
by Sandtrap
Sun May 20, 2018 11:15 pm
Forum: Investing - Theory, News & General
Topic: The Millionaire Next Door and civil servants
Replies: 35
Views: 6407

Re: The Millionaire Next Door and civil servants

Perhaps the "Millionaire Next Door" series continues to be popular because of the allure of the spirit of entrepreneurship. I have always found it very interesting that many of the millionaires Stanley studied believe that there was a definite element of 'being in the right place at the right time'...
by Sandtrap
Sun May 20, 2018 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Planning Basics
Replies: 21
Views: 1637

Re: Estate Planning Basics

Read:
Books on Wills, Trusts, and Estates
Beyond the Grave: The Right Way and the Wrong Way of Leaving Money to Your Children (And Others)
https://www.amazon.com/gp/product/08873 ... UTF8&psc=1

Hire legal counsel.

j
by Sandtrap
Sun May 20, 2018 9:09 pm
Forum: Investing - Theory, News & General
Topic: Good read on why to keep a simple indexed fund portfolio
Replies: 11
Views: 2090

Re: Good read on why to keep a simple indexed fund portfolio

Good primer article.
Thanks for posting it.
aloha
j
by Sandtrap
Sun May 20, 2018 9:08 pm
Forum: Investing - Theory, News & General
Topic: The Millionaire Next Door and civil servants
Replies: 35
Views: 6407

Re: The Millionaire Next Door and civil servants

Perhaps the "Millionaire Next Door" series continues to be popular because of the allure of the spirit of entrepreneurship. Yes, certainly, many with pensions are "millionaires", but then again, so many pensioners (not bogleheads) truly understand the actual value of their pensions. For many, there'...
by Sandtrap
Sun May 20, 2018 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a phrase for that?
Replies: 14
Views: 1079

Re: Is there a phrase for that?

Each year of early retirement, given collecting SS at 70, Medicare at 65, and pension at 65, leaves one open to Sequence of Returns Risk and the "Retirement Red Zone". There are few general average scenarios (ie: substantial windfall, etc.) where it is practical to "stop saving" and simply dine on t...
by Sandtrap
Sun May 20, 2018 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: need advice on books for teenagers
Replies: 8
Views: 721

Re: need advice on books for teenagers

some random thoughts Free Reading: "If You Can" by Bernstein https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwjyzoDk9vHXAhVMxYMKHYFdATUQFggpMAA&url=https%3A%2F%2Fwww.etf.com%2Fdocs%2FIfYouCan.pdf&usg=AOvVaw25wxjcA_8Pzo-SB3S580I5 Hand out links to the "mister...
by Sandtrap
Sun May 20, 2018 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: $1,700,000 from family trust...
Replies: 55
Views: 6127

Re: $1,700,000 from family trust...

Congratulations. 1. Read and memorize : "Managing a Windfall". 2. Put all of the $1.7 mil in Vanguard or Schwab MM account or other reputable brokerage. 3. Set up ACH transfer links between the brokerages and your local bank, etc. 4. Confer (free) with Vanguard VPAS services. (but do nothing, yet)....
by Sandtrap
Sun May 20, 2018 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: Timing for the 3 fund portfolio?
Replies: 2
Views: 398

Re: Timing for the 3 fund portfolio?

Now is a great time. Read About Bob, The Worst Market Timer What happens if you only invested at market highs? http://awealthofcommonsense.com/2014/02/worlds-worst-market-timer/ How about a comprehensive portfolio review in this format so your questions can be answered in context? Asking Portfolio Q...
by Sandtrap
Sun May 20, 2018 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Trusts and Bank Accounts
Replies: 17
Views: 1068

Re: Trusts and Bank Accounts

In my experience, each bank has its own peculiarities regarding trust accounts and personal accounts. Some banks are horrible. Some easier.
j
by Sandtrap
Sun May 20, 2018 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Life Changes
Replies: 13
Views: 1334

Re: Life Changes

Sometimes things look great when a paycheck is large and assured. Even other projects seem immune to failure.
But when a paycheck is not so large and employment not so assured, many things do not look so bright.
Some thoughts.
j
by Sandtrap
Sun May 20, 2018 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Considering Buying a Home, Seeking Advice
Replies: 16
Views: 1137

Re: Considering Buying a Home, Seeking Advice

rent.
solidly your financial position
patience
j
by Sandtrap
Sun May 20, 2018 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: $1,700,000 from family trust...
Replies: 55
Views: 6127

Re: $1,700,000 from family trust...

Congratulations. 1. Read and memorize : "Managing a Windfall". 2. Put all of the $1.7 mil in Vanguard or Schwab MM account or other reputable brokerage. 3. Set up ACH transfer links between the brokerages and your local bank, etc. 4. Confer (free) with Vanguard VPAS services. (but do nothing, yet). ...
by Sandtrap
Sun May 20, 2018 11:05 am
Forum: Investing - Help with Personal Investments
Topic: need advice on books for teenagers
Replies: 8
Views: 721

Re: need advice on books for teenagers

some random thoughts Free Reading: "If You Can" by Bernstein https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwjyzoDk9vHXAhVMxYMKHYFdATUQFggpMAA&url=https%3A%2F%2Fwww.etf.com%2Fdocs%2FIfYouCan.pdf&usg=AOvVaw25wxjcA_8Pzo-SB3S580I5 Hand out links to the "mister ...
by Sandtrap
Sun May 20, 2018 10:58 am
Forum: Personal Consumer Issues
Topic: Solar panels
Replies: 90
Views: 8177

Re: Solar panels

Total cost of solar system. Annual savings compared to no solar. Years to recoup cost of solar system in those savings. Plus repair and replacement of items that wear out or degrade. compared to: My estimated retirement years at this residence and time left on the planet. DW estimated retirement yea...
by Sandtrap
Sun May 20, 2018 10:53 am
Forum: Personal Consumer Issues
Topic: Air conditioner recommendations?
Replies: 16
Views: 857

Re: Air conditioner recommendations?

Get at least 3 quotes to replace your system from at least 3 reputable licensed HVAC contractors in your area. First, ask for their recommendations and a quote for that, then later, have them quote you again but for the same system and work across the board.
j
by Sandtrap
Sun May 20, 2018 10:46 am
Forum: Investing - Help with Personal Investments
Topic: Investment allocation
Replies: 13
Views: 553

Re: Investment allocation

Welcome: Regarding Allocation: VANGUARD ALLOCATION RISK./RETURN CHART https://personal.vanguard.com/us/AnalyticsPageController?view=258522597&determineAction=&cash=6.800000190734863&stock=36.0&bond=57.20000076293945&other=0.0&FW_Event=AnalyticsChooseTarget&viewDetermine=258522597&targetMethod=assetM...
by Sandtrap
Sun May 20, 2018 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Newly widowed, how do I invest 1.5 million life ins. proceeds
Replies: 61
Views: 5872

Re: Newly widowed, how do I invest 1.5 million life ins. proceeds

Sorry for your loss. Here are some info and contacts that may help. Vanguard Personal Advisory Services (feel free to ask and discuss your needs. . very low pressure folks) https://investor.vanguard.com/financial-advisor/financial-advice Vanguard investment professional. Call 877-527-4942 Monday thr...
by Sandtrap
Sat May 19, 2018 6:41 pm
Forum: Personal Consumer Issues
Topic: Detached Garage
Replies: 18
Views: 2100

Re: Detached Garage

I'm working with a builder and architect to design an unheated 24'x24' detached garage with loft in NY. The builder gave me the option to do a monolithic slab to cut costs vs footings with a foundation. The architect agrees that both options will satisfy local code but the monolithic slab may resul...
by Sandtrap
Sat May 19, 2018 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Would like to simplify my portfolio. Any thoughts?
Replies: 23
Views: 852

Re: Would like to simplify my portfolio. Any thoughts?

Here's what I would do SCHB Us Broad Market ETF, 46.9% 42-80% SLYV SPDR S&P 600 Small Cap ETF, 15.23% SCHF, Schwab International ETF, 14.95% 14-40% SCHH, Schwab REIT ETF, 10.06% SCHE, Schwab Emerging Markets ETF, 5% SCHC, Schwab International Small Cap ETF, 4.83% SCHZ, Schwab US Aggregate Bond ETF,...
by Sandtrap
Sat May 19, 2018 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 312
Views: 21122

Re: Lucrative careers?

OP. WHAT JOB TO DO IN LIFE FOR FULFILLMENT and a lucrative career. The best profession is to be found by knowing oneself and finding what you love and are passionate about. From that, the money will come, the career satisfaction will be found, and personal fulfillment and growth will be realized. Wi...
by Sandtrap
Sat May 19, 2018 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: Would like to simplify my portfolio. Any thoughts?
Replies: 23
Views: 852

Re: Would like to simplify my portfolio. Any thoughts?

Here's what I would do SCHB Us Broad Market ETF, 46.9% 42-80% SLYV SPDR S&P 600 Small Cap ETF, 15.23% SCHF, Schwab International ETF, 14.95% 14-40% SCHH, Schwab REIT ETF, 10.06% SCHE, Schwab Emerging Markets ETF, 5% SCHC, Schwab International Small Cap ETF, 4.83% SCHZ, Schwab US Aggregate Bond ETF,...
by Sandtrap
Sat May 19, 2018 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: New to investing 28 yo, advice on mutual funds
Replies: 6
Views: 552

Re: New to investing 28 yo, advice on mutual funds

Welcome. The first thing to spend on is time and education. Hang onto your funds for now. Suggested Reading List https://www.bogleheads.org/RecommendedReading.php Forum Library of Investing Advice with links https://www.bogleheads.org/wiki/Main_Page Free Reading: "If You Can" by Bernstein https://ww...
by Sandtrap
Sat May 19, 2018 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Finance a $28,000 house for Brother?
Replies: 73
Views: 4999

Re: Finance a $28,000 house for Brother?

Toons wrote:
Sat May 19, 2018 3:55 pm
Let him figure it out by himself,,
He will be better off.
Character Building.
:happy
Tough love.
:sharebeer
by Sandtrap
Sat May 19, 2018 6:17 pm
Forum: Personal Consumer Issues
Topic: Moving to Texas - [Request for clothes, car window tint] recommendations
Replies: 42
Views: 2694

Re: Moving to Texas - [Request for clothes, car window tint] recommendations

Clothes: Very dressy > Dockers. Dressy > new clean jeans. Casual > older jeans. Dressy > long sleeve shirts. (one color) Casual > long sleeve shirts (for the sun). (patterned). Tint for Toyota Tundra (made in Texas). Not too dark as law enforcement has a tough time with that. Hat: Ball cap or Stetso...
by Sandtrap
Sat May 19, 2018 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 95
Views: 6552

Re: Helping Adult Children (but not too much)

my 2 daughters are in their mid 30's and 40 married and the older one has 2 young children. We all live in a high cost of living area. Daughters and their spouses both work and are saving/investing and managing money wisely. My wife and I are 69/70 and are in very good financial shape aided with my...
by Sandtrap
Sat May 19, 2018 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Good time to buy a house or wait it out
Replies: 21
Views: 1831

Re: Good time to buy a house or wait it out

Since you will be in this home for a longer term, buy. There is a lot for sale meaning that it is competitive, inventory is healthy. Even if the market is overvalued in your area, it will uptick over the long term and that will more than make up the difference. If you are expecting another 2008 fall...
by Sandtrap
Sat May 19, 2018 5:51 pm
Forum: Investing - Theory, News & General
Topic: Bond Yields and Federal Funds Rate
Replies: 27
Views: 2151

Re: Bond Yields and Federal Funds Rate

Interesting analysis, Kevin. Thanks for putting it together. So, actionably: given the data presented, wouldn't short-term CD's, or a CD ladder, be a more stable investment than Total Bond? aloha, j Whether the yield curve is really based on these expectations or not, at least to some extent, I wan...
by Sandtrap
Sat May 19, 2018 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: Would like to simplify my portfolio. Any thoughts?
Replies: 23
Views: 852

Re: Would like to simplify my portfolio. Any thoughts?

Goal: Diversified portfolio built from Schwab ETFs with a slight lean toward small cap value. Age: 35 Risk Tolerance: Aggressive Current breakdown: SCHB Us Broad Market ETF, 46.9% SLYV SPDR S&P 600 Small Cap ETF, 15.23% SCHF, Schwab International ETF, 14.95% SCHH, Schwab REIT ETF, 10.06% SCHE, Schw...
by Sandtrap
Sat May 19, 2018 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 95
Views: 6552

Re: Helping Adult Children (but not too much)

Sounds like you're doing a great job. Congratulations. I help my grown (30+) sons based on merit and their ability to handle their own finances, save, live frugally or with discipline, and maturity. IE: if one family is independent, then I might help them pay for things on a practical basis (drivewa...
by Sandtrap
Sat May 19, 2018 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Mechanics
Replies: 17
Views: 1360

Re: Asset Allocation Mechanics

You can do multiple quotes within the same post by using the "quote" button after you cut n paste the quote into the post. Begin the pasted quote with . . [quoote] and end it with [/quoote]. (minus the extra "o" for quote). Here's a link to help you hammer out your IPS Statement: Define General Inve...
by Sandtrap
Sat May 19, 2018 3:31 pm
Forum: Investing - Theory, News & General
Topic: Bond Yields and Federal Funds Rate
Replies: 27
Views: 2151

Re: Bond Yields and Federal Funds Rate

Interesting analysis, Kevin. Thanks for putting it together.
So, actionably: given the data presented, wouldn't short-term CD's, or a CD ladder, be a more stable investment than Total Bond?

aloha,
j
by Sandtrap
Sat May 19, 2018 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Finance a $28,000 house for Brother?
Replies: 73
Views: 4999

Re: Finance a $28,000 house for Brother?

1 continue to rent and save and learn to build a solid financial base and supportive lifestyle until he can buy on his own. 2 make a personal loan (with no expectation of repayment) and have brother purchase home, thereby isolating yourself from all property and future expense liability. Legal couns...
by Sandtrap
Sat May 19, 2018 3:20 pm
Forum: Personal Consumer Issues
Topic: Enclosed Porch Addition - Good or Bad Idea?
Replies: 16
Views: 998

Re: Enclosed Porch Addition - Good or Bad Idea?

Bad idea: if the porch addition were solely to improve the future sales value of the home.
Great idea: if the porch addition adds to the enjoyment of the home and enhances one's lifestyle.
j
by Sandtrap
Fri May 18, 2018 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: Home Loan from Parents
Replies: 23
Views: 1695

Re: Home Loan from Parents

One thing to consider in a situation like this is what would be the consequences of one or both parents requiring several years of expensive nursing care. Would your loan compromise their ability to pay for this, and what would the legal implications of such a loan vis-a-vis Medicaid be. Good point...
by Sandtrap
Fri May 18, 2018 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Home Loan from Parents
Replies: 23
Views: 1695

Re: Home Loan from Parents

Sure this can work but there are a lot of pitfalls. Of course divorce or your death could change the family dynamics and cause your parents to have some resentment such as your spouse living in the house with a new boyfriend or husband and still being "stuck" with the loan. With advancing age your ...
by Sandtrap
Fri May 18, 2018 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Surgeon salary vs owning a business salary/profit?
Replies: 47
Views: 3960

Re: Surgeon salary vs owning a business salary/profit?

1. Find your passion. What would you do for free because you love to do it so much? 2. Find your lifestyle. Early birder? Have to have weekends off. Have to have vacations? Need work friends and friend coworkers? 3. Find your "dealbreakers". Must be in charge. Must be the "boss". Don't like to be to...
by Sandtrap
Wed May 16, 2018 10:13 pm
Forum: Personal Consumer Issues
Topic: New motorcycle rider
Replies: 106
Views: 4286

Re: New motorcycle rider

Points i could glean from the discussion: 1. Riding motorcycles on a shared road with cars is not safe. 2. Riding motorcycle is really fun. 3. MSF is a must. 4. Insurance is not a big problem and buying a used 600cc bike is sensible. So the question is- Where can I ride my motorcycle alone and safe...
by Sandtrap
Wed May 16, 2018 10:22 am
Forum: Personal Consumer Issues
Topic: New motorcycle rider
Replies: 106
Views: 4286

Re: New motorcycle rider

Take MSF safety courses (use there bikes or bing your own) from basic to advanced. If you use your own bike you will learn the capabilities of your machine to it's limits. Start first using the course provided bikes. At some point you will either realize it's not worth it or commit further. Motorcyc...
by Sandtrap
Wed May 16, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Selling land FSBO help please
Replies: 27
Views: 1274

Re: Selling land FSBO help please

Flat fee broker with minimal fees and commissions. FSBO.
Have done this many times with better success than Realtors.
The MLS listing is what you're paying for.
Do what you can to advertise on your own, signage, ads, etc.
j
by Sandtrap
Wed May 16, 2018 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Would you send your children to private school in my situation?
Replies: 93
Views: 5940

Re: Would you send your children to private school in my situation?

Private if the school has a solid academic track K-12.
j
by Sandtrap
Tue May 15, 2018 10:18 pm
Forum: Investing - Theory, News & General
Topic: YTD: VBTLX down 2.28%; VBILX down 2.99%; VTSAX down 0.23%
Replies: 78
Views: 6720

Re: YTD: VBTLX down 2.28%; VBILX down 2.99%; VTSAX down 0.23%

If your investment horizon is over ten years, there is absolutely no reason to own bond funds right now. VBTLX has a 2.64% dividend yield, while VBILX has 2.76%. VTSAX has 1.74%. Why chase the less than 1% difference in yield, when bond funds have fallen so much harder than VTSAX? In the event of a...