Search found 1161 matches

by Snowjob
Sat Aug 27, 2016 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: $50M+ - Need a sounding board/advice
Replies: 140
Views: 11921

Re: $50M+ - Need a sounding board/advice

50 million. I'd probably do something like this -- 20 Million in Vanguards Total World Stock index (VT is the etf version) to maintain global equity exposure and never have any capital gains. 20 Million in Municipal Bonds - Split it up between 3-4 reputable advisers & have them select the bonds ...
by Snowjob
Mon Aug 22, 2016 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Morningstar: "How Should Younger Investors Think About Social Security?"
Replies: 34
Views: 4086

Re: Morningstar: "How Should Younger Investors Think About Social Security?"

The only actionable element is what individuals can do. They can save more and plan for less from SS. How we save might also be actionable. As far as I know, the only current situation where the fed considers total net worth in means testing is for Medicaid (anybody, please correct me if I am wrong...
by Snowjob
Mon Aug 22, 2016 7:37 am
Forum: Investing - Theory, News & General
Topic: Shark Tank's Kevin O'Leary creates ETF
Replies: 17
Views: 3527

Re: Shark Tank's Kevin O'Leary creates ETF

When people don't like someone they attack the individual instead of the idea its silly... getting back to the point. This seems to be at first glance (haven't done much digging) to be a subset of S&P 500 companies screened for some quality metrics, capped for weighting and requires constituents...
by Snowjob
Fri Aug 12, 2016 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes -- Buying a car in Canada / live in US
Replies: 9
Views: 687

Re: Taxes -- Buying a car in Canada / live in US

Boooooooo one more of the 89023409234 reasons to leave this god forsaken state...
by Snowjob
Fri Aug 12, 2016 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes -- Buying a car in Canada / live in US
Replies: 9
Views: 687

Taxes -- Buying a car in Canada / live in US

Ok, If I live in CT and buy a car in NH (no sales tax) I would still need to pay the full CT taxes when I registered the car in CT. If I bought the car in Utah I would pay the Utah tax of 4.7% and then the difference from the CT rate (6.3%) to the state of CT. If I bought the Car in California which...
by Snowjob
Wed Aug 10, 2016 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Websites - CNBC & Fox Business
Replies: 13
Views: 1255

Re: Websites - CNBC & Fox Business

I enjoy watching CNBC -- I've watched it for years and have found it to be a great news & entertainment source. If you can rationally separate fact from opinion then its fine. If your going to be easily swayed every time someone can opine or talk their book of business than watching anything cou...
by Snowjob
Tue Aug 09, 2016 12:28 pm
Forum: Investing - Theory, News & General
Topic: What if dividends were reinvested according to share of total dividends paid instead of market cap?
Replies: 6
Views: 615

Re: What if dividends were reinvested according to share of total dividends paid instead of market cap?

An index fund has to manage its investment portolio to track the index. I would not think that means reinvesting dividends according to the cap wt. Where did you hear they do that? What he is saying is that the distributions you receive purchase more shares so you are reinvesting those proceeds in ...
by Snowjob
Mon Aug 08, 2016 11:49 am
Forum: Investing - Theory, News & General
Topic: Two types of Value?
Replies: 8
Views: 572

Re: Two types of Value?

In active management there are many different value styles (I think Marty Whitfield wrote a book?). Are you thinking of Marty Whitman, the Third Avenue guy? He must be 90 by now. I'm curious how his non publicly traded accounts have fared. He got into a bit of trouble with over exposure to hong kon...
by Snowjob
Sun Aug 07, 2016 5:23 pm
Forum: Investing - Theory, News & General
Topic: et tu, Vanguard? Stock/Bond zig-zag myth
Replies: 58
Views: 4451

Re: et tu, Vanguard? Stock/Bond zig-zag myth

That's the part of the debate where longinvest and I stop communicating. I don't advocate replacing TBM with Intermediate Treasuries because as you note over the longer term the additional corporates in TBM will finally catch up and exceed the return from Treasures alone. What I suggest is to break...
by Snowjob
Sun Aug 07, 2016 4:13 pm
Forum: Investing - Theory, News & General
Topic: et tu, Vanguard? Stock/Bond zig-zag myth
Replies: 58
Views: 4451

Re: et tu, Vanguard? Stock/Bond zig-zag myth

RE- the side debate your having, As I understand it the immediate reaction to buy government bonds provides for better re balancing during the equity crash. After this initial divergence in performance the corporate bonds begin to close the gap as the the safety premium shrinks with stabilization. ...
by Snowjob
Sun Jul 17, 2016 9:53 am
Forum: Investing - Theory, News & General
Topic: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %
Replies: 107
Views: 7846

Re: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %

Personally, I see no reason to be afraid of moving 14% of the bond allocation into stocks that got 50% cheaper . If the investor is afraid that stocks could still drop another 50%, this means that he should have anticipated a possibility of stocks losing 75% of their value before the downturn and s...
by Snowjob
Fri Jul 15, 2016 9:18 am
Forum: Investing - Theory, News & General
Topic: I can't believe I am thinking this
Replies: 211
Views: 50207

Re: I can't believe I am thinking this

What a walk down memory lane. I remember reading this nearly a decade ago (wow its been that long????) Wow, I remember the 08-09 crash like it was yesterday. Time sure flies. This thread brought a smile to my face seeing the names of posters I haven't seen for years. The forum definitely helped me ...
by Snowjob
Mon Jul 11, 2016 2:29 pm
Forum: Investing - Theory, News & General
Topic: I can't believe I am thinking this
Replies: 211
Views: 50207

Re: I can't believe I am thinking this

What a walk down memory lane. I remember reading this nearly a decade ago (wow its been that long????)
by Snowjob
Mon Jul 11, 2016 1:30 pm
Forum: Investing - Theory, News & General
Topic: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %
Replies: 107
Views: 7846

Re: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %

I don't get it. Unless the portfolio is otherwise 100% stocks, why would a person have to sell stocks to withdraw money during a stock market decline. One would either sell bonds to withdraw money and buy stocks or just sell bonds to withdraw money. Is the contention here that putting this large am...
by Snowjob
Tue Jul 05, 2016 9:15 am
Forum: Investing - Help with Personal Investments
Topic: Living off dividends/interest in retiremeht
Replies: 60
Views: 6642

Re: Living off dividends/interest in retiremeht

.... After accounting for SS and pensions, i have been withdrawing from my portfolio the equivalent of about 2.5% annually and do not expect that to increase in the future....? So if your worried about only covering about 2.2% in dividends and interest out of the 2.5% withdrawal rate and this reall...
by Snowjob
Tue Jul 05, 2016 8:43 am
Forum: Personal Consumer Issues
Topic: Sentra or Corolla?
Replies: 40
Views: 3037

Re: Sentra or Corolla?

Getting rid of my Nissan Sentra in a few months when I crack 300,000 miles. I bought it new in 2005 and it has been an absolute gem. Nothing but a cam shaft sensor and rust on the muffler/tailpipe has every gone wrong with the car. And I barely do anything to them, but an occasional very late oil ch...
by Snowjob
Sat Jul 02, 2016 9:47 am
Forum: Investing - Theory, News & General
Topic: The G.I. Joe Fallacy
Replies: 29
Views: 4828

Re: The G.I. Joe Fallacy

Child of the 80's got the reference -- actually my name is derived from a Gi Joe action figure I had as a little kid. Sure it was a cheesy tag line, but with in the context of their discussion (usually public safety related tip aimed at little kids) knowing something very well could be half the batt...
by Snowjob
Sun Jun 26, 2016 10:42 am
Forum: Investing - Theory, News & General
Topic: Return expectations for the next 10 years
Replies: 91
Views: 6168

Re: Return expectations for the next 10 years

0-2% real return for US equities unless the endpoint 10 years from now is during a panic sell off then obviously negative =)
by Snowjob
Sat Jun 11, 2016 8:56 am
Forum: Investing - Theory, News & General
Topic: Inevesting Mistakes or Regrets
Replies: 49
Views: 4673

Re: Inevesting Mistakes or Regrets

looking at individual securities you can monday morning quarterback a thousand moves that would have optimized your outcome. However there are two big ones that are on a more general basis. First, start earlier -- who wouldn't put that on the top of their list. Second, do thorough independent resear...
by Snowjob
Fri Jun 10, 2016 9:21 am
Forum: Personal Consumer Issues
Topic: Sonos Home Theater Surround Sound
Replies: 9
Views: 581

Re: Sonos Home Theater Surround Sound

I have a Sonos system, its simple to set up, easy to use and the quality is great for my ears. If you are an aficionado I'm sure there are much better products but I suspect that for 90% of people these will sound great. My only complaint -- and this is a big one -- is that it does NOT stream you tu...
by Snowjob
Wed Jun 08, 2016 8:11 pm
Forum: Investing - Theory, News & General
Topic: The Four Phases of Saving and Investing for Retirement by Michael Kitces
Replies: 6
Views: 1235

Re: The Four Phases of Saving and Investing for Retirement by Michael Kitces

Save, simplify, save and spend. 4 phases Sometimes I tend to think Kitces publishes just to ensure his name is on the Yahoo and Google trending list. Information overload can be too much, there is nothing new when it comes to saving or investing basics that can not be found on the wiki. Similar tho...
by Snowjob
Tue Jun 07, 2016 8:07 pm
Forum: Investing - Theory, News & General
Topic: What are your friends saying about you?
Replies: 127
Views: 11455

Re: What are your friends saying about you?

I've been told my style (dress) is distinctly "Hobo"

Given that they also know I'm fond of investing another quipped "____ probably has more money that god"

Well I'm not even close to the second and slowly but surely trying to work on the first :wink:
by Snowjob
Mon Jun 06, 2016 12:47 pm
Forum: Local Chapters and Bogleheads Community
Topic: D Day 72 years ago...
Replies: 48
Views: 3648

Re: D Day 72 years ago...

.... We had a completely inane and wrongheaded thesis that you could firebomb an enemy's cities into destroying their will to resist.. Clearly you are well versed in WWII history, certainly more than me. Using the above line of logic, are you suggesting that the A-Bomb's in Japan strengthened their...
by Snowjob
Mon Jun 06, 2016 6:10 am
Forum: Investing - Help with Personal Investments
Topic: Secular Stagnation - How to invest?
Replies: 22
Views: 2090

Re: Secular Stagnation - How to invest?

We are basing our financial decisions on the most recent history of investing (last 100-200 years) which is a small time frame relative to our planned life expediencies (I'm guess most of us use around 90 unless we have sever health issues). That is the same time period that took the world out of ag...
by Snowjob
Tue May 24, 2016 9:36 pm
Forum: Investing - Theory, News & General
Topic: Patience makes perfect
Replies: 7
Views: 1380

Re: Patience makes perfect

I have been a big fan of their philosophy and how they run their show for a long time. I think we can all learn from or appreciate this and not invest in the product -- as Taylor said its expensive.
by Snowjob
Tue May 24, 2016 5:48 am
Forum: Investing - Theory, News & General
Topic: Only 1/4 of stock held in taxable accounts
Replies: 13
Views: 1860

Re: Only 1/4 of stock held in taxable accounts

You need to remove the pensions, insurance co & foreign ownership percentages from the comparison. Looks more like 50/50 for the individual at large -- 50% taxable / 50% retirement/ira accounts. Of that the rich probably have a ton more in taxable and the middle and lower class probably have a l...
by Snowjob
Tue May 17, 2016 7:48 am
Forum: Investing - Theory, News & General
Topic: For those of you in the Accumulation Phase - How often do you check?
Replies: 62
Views: 5299

Re: For those of you in the Accumulation Phase - How often do you check?

daily during volatile periods, no rarely during the boring times now.

Once you have a plan in place and you tested it out, not a lot to do during most days
by Snowjob
Mon May 02, 2016 12:25 pm
Forum: Investing - Theory, News & General
Topic: Total World ETF Taxable
Replies: 9
Views: 1082

Re: Total World ETF Taxable

Been slowly adding to this and it will at one point be my only taxable holding. Yes, complete simplicity. If I want to over weight US a bit I can have that bias in my roth or 401k.
by Snowjob
Thu Apr 21, 2016 4:51 pm
Forum: Investing - Theory, News & General
Topic: Anyone Have a Near Retirement Strategy for Sequence of Return Risk?
Replies: 88
Views: 8640

Re: Anyone Have a Near Retirement Strategy for Sequence of Return Risk?

.... In your early 70s purchase a real longevity annuity, aka an inflation-indexed delayed life annuity, that kicks in payments at age 85. The real longevity annuity should be equal to the annual income you were getting from the TIPS ladder that ceased at age 85. In other words, the real income fro...
by Snowjob
Thu Apr 14, 2016 9:35 am
Forum: Investing - Theory, News & General
Topic: How do you measure which retirement income strategy is best? By Michael Kitces
Replies: 21
Views: 2282

Re: How do you measure which retirement income strategy is best? By Michael Kitces

I plan on transitioning my portfolio through all three of his options over time, effectively getting the best of each strategy. First 10-20 years -> balanced portfolio Remaining Years -> SPIA + All stock I would not use a longevity product, I would simply used my balanced portfolio during that time ...
by Snowjob
Mon Apr 11, 2016 8:19 pm
Forum: Investing - Theory, News & General
Topic: Annuities and longevity risk, analyzing the problem
Replies: 45
Views: 4329

Re: Annuities and longevity risk, analyzing the problem

Since I think that it's prudent to buy an inflation-linked annuity (and have already put my money where my mouth is by buying one), I also think that a problem with deferred annuities is that they are not inflation-linked during the deferral period. Agreed. The example has the hypothetical investor...
by Snowjob
Mon Apr 11, 2016 10:24 am
Forum: Investing - Theory, News & General
Topic: Annuities and longevity risk, analyzing the problem
Replies: 45
Views: 4329

Re: Annuities and longevity risk, analyzing the problem

Sorry I must not have articulated this well. Scenario 1 - Age 65 Buy deferred Annuity to kick in at 85, spend the balance of my portfolio to 0. Scenario 2 - Spend 80% of my money from age 65 to 85, then annuitize the rest via SPIA at 85. ----- I the insurance company is giving you some sort of retu...
by Snowjob
Mon Apr 11, 2016 9:52 am
Forum: Investing - Theory, News & General
Topic: Annuities and longevity risk, analyzing the problem
Replies: 45
Views: 4329

Re: Annuities and longevity risk, analyzing the problem

Sorry I must not have articulated this well. Scenario 1 - Age 65 Buy deferred Annuity to kick in at 85, spend the balance of my portfolio to 0. Scenario 2 - Spend 80% of my money from age 65 to 85, then annuitize the rest via SPIA at 85. ----- I the insurance company is giving you some sort of retur...
by Snowjob
Mon Apr 11, 2016 8:59 am
Forum: Investing - Theory, News & General
Topic: Annuities and longevity risk, analyzing the problem
Replies: 45
Views: 4329

Re: Annuities and longevity risk, analyzing the problem

At the bottom of the article you compared the use of an SPIA vs a Deferred Annuity and the Deferred Annuity allowed for a substantial increase in the spending power. It wasn't even close 33% increase vs 6% for the SPIA. My assumption is both contracts were purchased at 65. But what if I just buy an ...
by Snowjob
Thu Apr 07, 2016 12:07 pm
Forum: Personal Consumer Issues
Topic: I'm Addicted [to investing and personal finance]
Replies: 64
Views: 9297

Re: I'm Addicted

Yes -- I've been there. You are being penny wise and pound foolish. All of the grand strategizing and out performance doesn't really mean much unless your portfolio already has a lot of zeroes behind it. After learning the basics (which you seem well past) you would be better off working on a great ...
by Snowjob
Wed Mar 23, 2016 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Financially, how have you done/doing vs. your parents?
Replies: 134
Views: 11622

Re: Financially, how have you done/doing vs. your parents?

Financially, better. But that due to better investing results and increased risk.

Career wise, parents were much more successful, so in the end it will probably even out.
by Snowjob
Tue Mar 22, 2016 9:18 am
Forum: Personal Finance (Not Investing)
Topic: $1 Million+ Nest Egg From Less Than $100k Yearly Income
Replies: 45
Views: 8710

Re: $1 Million+ Nest Egg From Less Than $100k Yearly Income

... the less you earn, the greater the percentage of income that Social Security will replace so someone making $20K/year likely wouldn't need to save $1M. Oh I completely agree, I am a huge proponent of consumption smoothing, wouldn't make any sense for minimum wage workers to try and amass that m...
by Snowjob
Mon Mar 21, 2016 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: $1 Million+ Nest Egg From Less Than $100k Yearly Income
Replies: 45
Views: 8710

Re: $1 Million+ Nest Egg From Less Than $100k Yearly Income

....So I think this is doable for a lot of folks, sure not for a couple making minimum wage but you can tweak the assumptions a lot... I reckon you're going to need a lot more than minimum wage to make the $23k/year contributions. Even at $15/hour, that's just annual gross income of $31k/year. That...
by Snowjob
Mon Mar 21, 2016 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Please Critique my Plan for Retirement Savings
Replies: 10
Views: 1657

Re: Please Critique my Plan for Retirement Savings

Ok I'll bite. Do you get social security? If so, I think your plan is conservative and I think you might be saving to much. You should probably save a little less and spend a little more. At the current rate your probably on target for something in the range of 80k a year in retirement income but ar...
by Snowjob
Mon Mar 21, 2016 9:48 am
Forum: Personal Finance (Not Investing)
Topic: $1 Million+ Nest Egg From Less Than $100k Yearly Income
Replies: 45
Views: 8710

Re: $1 Million+ Nest Egg From Less Than $100k Yearly Income

Traditional 401 k + IRA @ 23k per year = 29 years of compounding at 3% real returns (my assumptions for a heavy equity portfolio). So I think this is doable for a lot of folks, sure not for a couple making minimum wage but you can tweak the assumptions a lot (lower the contributions, extend the time...
by Snowjob
Thu Mar 17, 2016 3:37 pm
Forum: Investing - Help with Personal Investments
Topic: Living off dividend income
Replies: 44
Views: 7209

Re: Living off dividend income

Considering the prices where they are today, its probably quite inefficient unless you are trying to leave a huge pile of money behind.
by Snowjob
Tue Mar 08, 2016 9:03 am
Forum: Investing - Theory, News & General
Topic: Asset location strategies for taxes are OK; but not great
Replies: 75
Views: 8817

Re: Asset location strategies for taxes are OK; but not great

Theoretical question for you both. If we assume a person has a 10k roth (all stocks) and a 10k 401k (all Bond) it has been said that the true allocation is 10,000 Stock 7,500 Bond and 2,500 Tax accrual. But how does a tax accrual behave, I would argue the portfolio behaves as a 50/50? Doesn't the b...
by Snowjob
Mon Mar 07, 2016 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: $100k Milestone Reached! - 29y/o Portfolio Checkup
Replies: 22
Views: 3199

Re: $100k Milestone Reached! - 29y/o Portfolio Checkup

Congrats...the first 100k is the hardest. If your next goal and it sure sounds like it, is to save up a downpayment fund, then go for it. Saving for retirement is great but not when it limits your ability to fulfill other equally important goals. Agree entirely. Great job on reaching the 100k mark....
by Snowjob
Mon Mar 07, 2016 7:40 pm
Forum: Investing - Theory, News & General
Topic: Asset location strategies for taxes are OK; but not great
Replies: 75
Views: 8817

Re: Asset location strategies for taxes are OK; but not great

Not sure how this changes the calculus of putting the higher return asset in Roth, if we assume it will in fact continue to out earn bonds. If your tax rate does not change between the time you make your IRA contribution and the time of your withdrawal a tIRA and a ROTH are completely equivalent on...
by Snowjob
Mon Mar 07, 2016 2:12 pm
Forum: Investing - Theory, News & General
Topic: Asset location strategies for taxes are OK; but not great
Replies: 75
Views: 8817

Re: Asset location strategies for taxes are OK; but not great

I prefer not thinking terms of tax adjusted value on the way in. I believe I would get lost in the weeds and make a poor decision at some point. Compare that to a traditional IRA which Vg says has a balance of $400K. Since I am in the 25% tax bracket I own $100k in taxes that have accrued in the IR...
by Snowjob
Mon Mar 07, 2016 1:08 pm
Forum: Investing - Theory, News & General
Topic: Asset location strategies for taxes are OK; but not great
Replies: 75
Views: 8817

Re: Asset location strategies for taxes are OK; but not great

Roth - Equities (get the most mileage out of the best space) If you think you'll get the most mileage out of equities, why own any bonds at all? Once you adjust for the after-tax value, it does not matter which assets you put in a traditional IRA or 401(k) and which you put in a Roth. If you are in...
by Snowjob
Mon Mar 07, 2016 12:43 pm
Forum: Investing - Theory, News & General
Topic: Asset location strategies for taxes are OK; but not great
Replies: 75
Views: 8817

Re: Asset location strategies for taxes are OK; but not great

Certainly, one of my favorites for this space is actually VT for ultimate efficiency.. VT has no capital gains because it doesn't rebalance. If that's what you want, you can do it with VTI and VXUS by holding them in market proportions and always buying them like that, never selling a single share....
by Snowjob
Mon Mar 07, 2016 12:28 pm
Forum: Investing - Theory, News & General
Topic: Asset location strategies for taxes are OK; but not great
Replies: 75
Views: 8817

Re: Asset location strategies for taxes are OK; but not great

I've settled on the following -- Roth - Equities (get the most mileage out of the best space) 401k - Balanced (natural place for bonds, add equities as needed to complete the allocation) Taxable - Equity. Simple and efficient while maximizing the scarcity value of the Roth IRA. Correct me if I'm wr...
by Snowjob
Mon Mar 07, 2016 12:03 pm
Forum: Investing - Theory, News & General
Topic: Asset location strategies for taxes are OK; but not great
Replies: 75
Views: 8817

Re: Asset location strategies for taxes are OK; but not great

I've settled on the following -- Roth - Equities (get the most mileage out of the best space) 401k - Balanced (natural place for bonds, add equities as needed to complete the allocation) Taxable - Equity. Simple and efficient while maximizing the scarcity value of the Roth IRA. Snowjob: I hope you ...
by Snowjob
Mon Mar 07, 2016 11:57 am
Forum: Investing - Theory, News & General
Topic: Living on dividend and interest a question
Replies: 30
Views: 2370

Re: Living on dividend and interest a question

To the extent that you can invest the dividends or use them better than a company can, its preferable for you to have that capital. With regards to living off the dividends, I would love to be able to. At the current S&P yield that means I would be very well off. (2.5% roughly is about 40x your ...

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