Search found 1162 matches

by Sandtrap
Wed Apr 26, 2017 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Revocable trust worth paying attorney for?
Replies: 21
Views: 1372

Re: Revocable trust worth paying attorney for?

I'll be paying an attorney to set up our wills and trusts so that I have confidence it is done correctly. That's the biggest pro in my mind. As an aside, have you or your friend read Beyond the Grave by Gerald Condon? He has several stories about the perils of joint ownership of property that shoul...
by Sandtrap
Wed Apr 26, 2017 8:43 am
Forum: Investing - Theory, News & General
Topic: "When Holding is the Hardest Part"
Replies: 10
Views: 1544

Re: "When Holding is the Hardest Part"

Taylor Larimore wrote:Bogleheads:

Ben Carlson has written this excellent and timely article:

When Holding is the Hardest Part

Stay the course.

Best wishes.
Taylor

Thanks for the help.
j
by Sandtrap
Mon Apr 24, 2017 11:18 am
Forum: Investing - Help with Personal Investments
Topic: Why is Real-Estate so Bad?
Replies: 113
Views: 8358

Re: Why is Real-Estate so Bad?

Hello Boggleheads, I am a fairly young investor and have lurked/posted on these forums for a while now, and have learned a lot! However there is one concept that I just cannot get my head around. I come from a family of Real-Estate investors , and when I told them about my "Bogglehead ideas&qu...
by Sandtrap
Wed Apr 19, 2017 10:24 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodby."
Replies: 332
Views: 33785

Re: Larry Swedroe says "Goodby."

Thanks for all your help, Larry Swedroe.
j :sharebeer
by Sandtrap
Tue Apr 18, 2017 9:22 am
Forum: Investing - Help with Personal Investments
Topic: Intermediate versus Short Term Bond Funds
Replies: 16
Views: 1596

Re: Intermediate versus Short Term Bond Funds

Fill the orchard of our portfolio with a diversified mix of fruit yielding trees and crops, each doing better or worse at any one time. It matters not the changing value of the trees, only that they keep yielding when they are in the mood and the climate is right for that particular crop. Chauncey G...
by Sandtrap
Tue Apr 18, 2017 9:11 am
Forum: Personal Consumer Issues
Topic: How to be a good parent to an introverted kid
Replies: 29
Views: 2488

Re: How to be a good parent to an introverted kid

read "Quiet" by Susan Cain to grasp an introverted world. https://www.amazon.com/Quiet-Power-Introverts-World-Talking/dp/0307352153/ref=sr_1_1?ie=UTF8&qid=1492524602&sr=8-1&keywords=quiet+susan+cain Watch the movie, "Magnus", teenage chess champion. Introversion as a ...
by Sandtrap
Mon Apr 17, 2017 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: [Advice needed for mother's inheritance/finances.]
Replies: 129
Views: 12787

Re: Too much inheritance to handle. Advice needed

Read "Boglheads" wiki "Managing a Windfall".
Use search box upper right corner.
by Sandtrap
Mon Apr 17, 2017 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pay off these loans?
Replies: 24
Views: 2174

Re: Should I pay off these loans?

yes yes
by Sandtrap
Mon Apr 17, 2017 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: How much money do you need to generate $50,000 per month?
Replies: 60
Views: 7486

Re: How much money do you need to generate $50,000 per month?

8-12 million for an apartment high rise building in Honolulu, Hawaii will generate far north of $50,000 / month. No leveraging. No mortgage. Tax breaks. Appreciative value. Etc. That is 1 example. Please explain how does that work. My guess is that your example assumes I buy this apartment for $10M...
by Sandtrap
Mon Apr 17, 2017 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: Why would anyone want to buy bond funds?
Replies: 92
Views: 9122

Re: Why would anyone want to buy bond funds?

Parachute, Life Raft, Safety Net. Never needed until they are needed.
by Sandtrap
Mon Apr 17, 2017 9:59 am
Forum: Local Chapters and Bogleheads Community
Topic: Hawaii Bogleheads, where are you?
Replies: 23
Views: 2149

Re: Hawaii Bogleheads, where are you?

Authentic Hawaiian Pake local, Waianae/Kaneohe. DW and I, Recently retired. Relocated HCOL to LCOL ....... small town in the mountains of Northern Arizona. Arizona Resident. (but still have a tiny studio apt in kailua, kawainui side) Could not afford to retire to Kamuela, my lst choice since forever...
by Sandtrap
Mon Apr 17, 2017 9:52 am
Forum: Investing - Help with Personal Investments
Topic: How much money do you need to generate $50,000 per month?
Replies: 60
Views: 7486

Re: How much money do you need to generate $50,000 per month?

8-12 million for an apartment high rise building in Honolulu, Hawaii will generate far north of $50,000 / month.
No leveraging. No mortgage. Tax breaks. Appreciative value. Etc.
That is 1 example.

EDIT
"50 to 75 rental units"
by Sandtrap
Mon Apr 17, 2017 9:47 am
Forum: Investing - Help with Personal Investments
Topic: Lump sum investment or DCA?
Replies: 25
Views: 1291

Re: Lump sum investment or DCA?

DCA at the rate and amount that allows one to sleep at night. The "sleep factor" is unique to everyone. No right or wrong in the bigger picture.
by Sandtrap
Mon Apr 17, 2017 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Would you ever rent a house to a family member?
Replies: 21
Views: 1336

Re: Would you ever rent a house to a family member?

Generally, no. The only reason might be if I were allowing an elderly parent to live in the house essentially rent-free, but charging a minimal rent to satisfy the IRS and prevent the parent from the embarrassment of taking support from the child. As some sort of win-win business transaction betwee...
by Sandtrap
Sun Apr 16, 2017 10:01 am
Forum: Personal Consumer Issues
Topic: Anyone else decided not to finish med school?
Replies: 55
Views: 5880

Re: Anyone else decided not to finish med school?

I have a nephew who graduated with a non med degree then went back to complete a science degree, went to med school, and recently entered private practice. It was a long haul with the "do over". But once commited to went at it with passion. Other family members I know who were fully commit...
by Sandtrap
Sun Apr 16, 2017 9:53 am
Forum: Personal Finance (Not Investing)
Topic: My kids don't care about saving
Replies: 114
Views: 10981

Re: My kids don't care about saving

OP, 1) It is too late! They are an adult now and they get to learn and make their own mistakes. If you could not teach them to save while they are young, they have to learn it elsewhere. <<Now the money tree has dried up.>> 2) How would they know? Did you tell them? <<except for a cash gift of $1k ...
by Sandtrap
Sun Apr 16, 2017 9:44 am
Forum: Investing - Help with Personal Investments
Topic: Why would anyone want to buy bond funds?
Replies: 92
Views: 9122

Re: Why would anyone want to buy bond funds?

Not sure other than following some prescribed methodology why anyone would want to purchase bond funds at this point in time? I could see owning individual bonds to duration but with interest rates rising as a long term secular trend, it just seems like you're asking for trouble. Fixed Income/Bonds...
by Sandtrap
Sat Apr 15, 2017 11:42 am
Forum: Investing - Help with Personal Investments
Topic: My Story so far. Totally confused! Vanguard, Charles Schwab, Merrill Edge. Managing own portfolio... or NOT?
Replies: 86
Views: 6028

Re: My Story so far. Totally confused! Vanguard, Charles Schwab, Merrill Edge. Managing own portfolio... or NOT?

1 Post your query in the personal "forum" format so others can help you better. 2 Read the Boglehead Wiki "getting started". 3 Read the Boglehead Wiki "booklist and suggested reading. 4 Ignore the "salesman/advisers/financial experts" that want to sell you financia...
by Sandtrap
Fri Apr 14, 2017 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: What constitutes "a lot" of money?
Replies: 81
Views: 10999

Re: What constitutes "a lot" of money?

10 million is a business starter fund
30 million is a lot
100 million is a pile
300 million is a boat load, but a mere small deposit on a shopping mall in Waikiki, Hawaii.

Amounts of money have only relative comparisons to its intended use.
All relative.
by Sandtrap
Wed Apr 12, 2017 11:11 pm
Forum: Investing - Help with Personal Investments
Topic: Which bond funds/ETFs should I add to my portfolio?
Replies: 20
Views: 1500

Re: Which bond funds/ETFs should I add to my portfolio?

BL wrote:Perhaps sell off alternatives for BND.

+1
by Sandtrap
Wed Apr 12, 2017 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Advisor
Replies: 8
Views: 1210

Re: Vanguard Advisor

I recently received my "free" plan from Vanguard per my request. It was "free" because I have a lot of assets at Vanguard. I think there's some value to what they will do for you, given your self-described "novice" status. They'll ask you to fill out a questionnaire ab...
by Sandtrap
Wed Apr 12, 2017 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Will - what is complicated?
Replies: 72
Views: 3904

Re: Will - what is complicated?

IMHO (and I am a lawyer but not a T&E lawyer), if there are minor children involved, it is complicated. Why? Because the stakes are higher. If you screw it up, your surviving children pay the price . I agree. You do not know what you don't know. Consult an experienced estate planning attorney t...
by Sandtrap
Wed Apr 12, 2017 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Extreme Frugality vs Living Life - Where do you draw the line?
Replies: 77
Views: 8392

Re: Extreme Frugality vs Living Life - Where do you draw the line?

I would like to know the opinions of the fellow BHs on this matter. Let me give you some examples of my family 1. My Dad - Lived very frugally, owned his business, saved more than enough for retirement and died of sudden heart attack at 62 yrs of age. Mom has a lot of money but can't spend it now b...
by Sandtrap
Tue Apr 11, 2017 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Revocable living trust via online software
Replies: 13
Views: 835

Re: Revocable living trust via online software

The true test of a well done trust/will is not when things go well, it's when thing's go horribly wrong (disputes, conflicts, etc) and/or substantial wealth is involved. Only at those times will a well done trust/will hold water. There are no "test runs".
by Sandtrap
Tue Apr 11, 2017 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Extreme Frugality vs Living Life - Where do you draw the line?
Replies: 77
Views: 8392

Re: Extreme Frugality vs Living Life - Where do you draw the line?

So, my question is where do you draw the line and decide that is my frugality stopping me from living. Does the 'high' I get from seeing my net worth grow stop me from living life? That you get a high from that is a problem. It is a tool, a means to an end, and you have let it become an end in and ...
by Sandtrap
Tue Apr 11, 2017 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Revocable living trust via online software
Replies: 13
Views: 835

Re: Revocable living trust via online software

Foretrust software, download a trial version, no charge. If anything, it will give you a stronger idea of the exact provisions you need or don't need or need to modify. An estate lawyer can only construct what you have in mind. By working with a format specific to state and location, you will have a...
by Sandtrap
Tue Apr 11, 2017 1:59 pm
Forum: Personal Consumer Issues
Topic: Prewiring house for tv and internet. Worth it?
Replies: 65
Views: 3920

Re: Prewiring house for tv and internet. Worth it?

If wired to at least key locations, ie: each floor, with Cat6 then at least you have the option of putting in secondary wireless routers for more access points and better internet signal.
by Sandtrap
Tue Apr 11, 2017 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: Buying CD through brokerage
Replies: 17
Views: 1062

Re: Buying CD through brokerage

Is there a fee to purchase a CD at Vanguard or Schwab?

Isn't it a disadvantage if the interest is not compounded?

Therefore the CD rate is actually less than when purchased equiv. at a bank?
by Sandtrap
Tue Apr 11, 2017 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Extreme Frugality vs Living Life - Where do you draw the line?
Replies: 77
Views: 8392

Re: Extreme Frugality vs Living Life - Where do you draw the line?

IMHO and long term experience. "Extreme frugality" is relative and for many, a necessity, with absolutely no choice as a means of survival. IMHO simply being able to choose between "frugality" levels and "living life" levels is a luxury for those with an income stream a...
by Sandtrap
Tue Apr 11, 2017 11:35 am
Forum: Personal Finance (Not Investing)
Topic: When to slow down.
Replies: 33
Views: 5153

Re: When to slow down.

In one path, one has the passion and drive and perhaps, ruthless ambition, to pursue a big dream, a huge goal, with passion and fervor. For those that choose that particular path, life is not defined by hours per week put into work, time off and paid leave earned, nor paid vacations due. Think, &qu...
by Sandtrap
Mon Apr 10, 2017 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: Is a brokerage new issue CD FDIC insured?
Replies: 3
Views: 338

Re: Is a brokerage new issue CD FDIC insured?

thanks everyone for your help. :happy
by Sandtrap
Mon Apr 10, 2017 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Selling my condo with owner financing?
Replies: 24
Views: 1564

Re: Selling my condo with owner financing?

Avoid. Keep it simple. lower the price as needed.
by Sandtrap
Mon Apr 10, 2017 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: Need suggestions to invest 50K.
Replies: 10
Views: 847

Re: Need suggestions to invest 50K.

50k needed in 5 years = 5 year CD
by Sandtrap
Mon Apr 10, 2017 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: Is a brokerage new issue CD FDIC insured?
Replies: 3
Views: 338

Is a brokerage new issue CD FDIC insured?

I have always bought CD's direct from the banks. (old fashioned). I now have a trust account at both Vanguard and Schwab. Question: If I purchase "new issue" CD's through the brokerage, are they FDIC insured as if purchased from the bank? Reason for not getting direct is that some institut...
by Sandtrap
Mon Apr 10, 2017 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Simulator For Tracking
Replies: 6
Views: 380

Re: Portfolio Simulator For Tracking

zuma wrote:For iPhone/iPad:

http://www.iportfoliotrader.com/


Will this work on a MacBook Pro or is there another App for that?
thanks
by Sandtrap
Mon Apr 10, 2017 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: What fund to choose for young investor?
Replies: 19
Views: 1476

Re: What fund to choose for young investor?

VBIAX Vanguard Balanced Index :happy
by Sandtrap
Mon Apr 10, 2017 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone else own balanced index fund? [vbinx]
Replies: 26
Views: 3222

Re: Anyone else own balanced index fund? [vbinx]

VBIAX Balanced Index Admiral 20%
Wellesley Income Fund Admiral 30%
Vanguard Retirement Income Fund 50%
Sleep Factor = 100% :happy
by Sandtrap
Mon Apr 10, 2017 11:23 am
Forum: Personal Finance (Not Investing)
Topic: When to slow down.
Replies: 33
Views: 5153

Re: When to slow down.

I know at first I thought this post was going to end with a "just joking" but apparently if you're not working yourself to death you're in trouble! :shock: Construction is a cyclical industry, poster Sandtrap has been around long enough to know it's a feast or famine type of business. No ...
by Sandtrap
Mon Apr 10, 2017 11:03 am
Forum: Investing - Help with Personal Investments
Topic: Handling the Details of a Large Inheritance
Replies: 54
Views: 4526

Re: Handling the Details of a Large Inheritance

Your earning potential right now is the most valuable asset you have. You have been given an amazing gift/opportunity, but you should think long & hard about living off of the $1.6MM. There are plenty of jobs/careers that are fulfilling that would allow you to take care of your living expenses ...
by Sandtrap
Sun Apr 09, 2017 10:49 pm
Forum: Personal Consumer Issues
Topic: Best take it everywhere camera
Replies: 98
Views: 8016

Re: Best take it everywhere camera

I'm looking at cameras with 1" sensors for an upcoming Alaska cruise. Don't want to hassle with DLSR and a bunch of lenses. Thinking about the SonyRx10iii, which is weather sealed and has a 24-600mm equivalent zoom. Awfully expensive, though ($1498). The Panasonic FZ1000 is my fall back option...
by Sandtrap
Sun Apr 09, 2017 10:38 pm
Forum: Personal Consumer Issues
Topic: Backyard shed, wood or plastic?
Replies: 31
Views: 2661

Re: Backyard shed, wood or "plastic"?

$1000 can buy a lot of 2x4's and plywood siding and OSB and roofing shingles. Post and pier construction. Concrete pier/base blocks. If you want to DIY from scratch. Otherwise, steel.
by Sandtrap
Sun Apr 09, 2017 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: My 72 year old father is looking for advice on where to park ~$300K
Replies: 20
Views: 2303

Re: My 72 year old father is looking for advice on where to park ~$300K

Ron wrote:
Sandtrap wrote:SPIA "Single Payer Immediate Annuity" not variable.

Actually, it stands for Single Premium Immediate Annuity (and yes, I have one - works well for my situation :mrgreen: )...

- Ron

:oops: senior moment
by Sandtrap
Sun Apr 09, 2017 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Revocable Living Trust.....Listing of Assets
Replies: 7
Views: 862

Re: Revocable Living Trust.....Listing of Assets

No need to keep it current. Mine lists $10 with a $10 bill stapled to Schedule A. Gill +1 As long as the assets are titled properly and the trust is "funded". The "list" is for your convenience and also for the successor trustee. For multiple and complex assets, the successor tr...
by Sandtrap
Sun Apr 09, 2017 3:54 pm
Forum: Personal Consumer Issues
Topic: Cold weather family summer vacation ideas
Replies: 24
Views: 1788

Re: Cold weather family summer vacation ideas

Hapuna Beach Resort on the Big Island of Hawaii.
VRBO vacation rental, Kamuela (mountain town), on the Big Island of Hawaii
by Sandtrap
Sun Apr 09, 2017 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: Buying high yielding Bonds 5-10%
Replies: 21
Views: 1954

Re: Buying high yielding Bonds 5-10%

AFAIK, IMHO, Traditionally, "Boglehead" basics pursue "high yield" (risk/return) on the equity side vs bonds. And, bonds to mitigate risk.
IE:
Vanguard Balanced Index at 60/40 eq/bond.
2 fund, Total Stock 70% / Total Bond 30%

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