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by bertilak
Mon Feb 20, 2017 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: How do I buy a building lot from current owner ...
Replies: 16
Views: 1026

Re: How do I buy a building lot from current owner ...

Thanks all for the great advice!
by bertilak
Mon Feb 20, 2017 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: How do I buy a building lot from current owner ...
Replies: 16
Views: 1026

Re: How do I buy a building lot from current owner ...

Thanks all for the advice!
LadyGeek wrote:This thread is now in the Personal Finance (Not Investing) forum (real estate).

To the member who reported the post ("Wrong forum"), thanks!

That was me, the OP!
by bertilak
Mon Feb 20, 2017 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: How do I buy a building lot from current owner ...
Replies: 16
Views: 1026

Re: How do I buy a building lot from current owner ...

A good place to start go down to the county building and look at the property records which will have liens, rights of way, lot drawings, permits etc. Our local people are quite helpful. Yes. I have some work ahead. My concern is I don't know what all I need to do and am afraid I will miss somethin...
by bertilak
Mon Feb 20, 2017 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: How do I buy a building lot from current owner ...
Replies: 16
Views: 1026

How do I buy a building lot from current owner ...

... without going through a real estate agent? If I buy a vacant lot how do I make sure all the appropriate legal and financial things are taken care of? A few starter questions: ⋅ How do I get the deed? ⋅ What about a title search? ⋅ How do I ensure there are no liens ...
by bertilak
Mon Feb 20, 2017 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: When do you need an annuity?.
Replies: 25
Views: 2274

Re: When do you need an annuity?.

My question is: it is hard to let go of money to purchase an annuity, at least to me. So, is there any rule that one can apply to decide whether you need to get an annuity, and which one, immediate or deferred? I suppose that if you have enough savings you do not have to consider an annuity. Is tha...
by bertilak
Mon Feb 20, 2017 9:06 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2416
Views: 608875

Re: What Movie Have You Recently Watched?

ruralavalon wrote:The Maltese Falcon, with Humphrey Bogart, Mary Astor, Peter Lorre and Sidney Greenstreet.

I love this classic.

It is a classic because of the actors AND because of the great director John Huston. He's a really good actor too. See Chinatown.
by bertilak
Sun Feb 19, 2017 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: How do you invest the proceeds [from your RMD?]
Replies: 22
Views: 1755

Re: How do you invest the proceeds [from your RMD?]

I take mine in early January, just to get the out of the way. Except for a 10% withholding It goes into my taxable account. It comes out of my IRA's TBM and goes in to my Taxable account's TSM. I juggle TBM,TSM and INTL in my IRA to maintain my AA. This essentially is my yearly re-balance. I don't k...
by bertilak
Sun Feb 19, 2017 6:20 pm
Forum: Personal Consumer Issues
Topic: Long Day Trip: Drive Old Car or Rent Car?
Replies: 56
Views: 2996

Re: Long Day Trip: Drive Old Car or Rent Car?

In college I had a car that was a total piece of junk and I had no problem hopping in and doing a 1500 mile trip. And then a 5000 mile trip (Chicago-LA-Chicago.) When I was on college I did all kinds of stuff I wouldn't hold up as model activity today! Lots of it involved cars and road trips. If yo...
by bertilak
Sun Feb 19, 2017 6:02 pm
Forum: Investing - Theory, News & General
Topic: I think some criticisim of active management is wrong.
Replies: 21
Views: 1696

Re: I think some criticisim of active management is wrong.

We can all have options but not facts.... study after study shows that managers do not add value after fees in any predictable manner. Curious. Might this also apply to the Wellesley Income Fund and Wellington Fund? j That has been my theory and I was 50/50 W/W until I inherited money I needed to p...
by bertilak
Sun Feb 19, 2017 5:38 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard RMD taxes withheld for Ohio tax
Replies: 2
Views: 204

Re: Vanguard RMD taxes withheld for Ohio tax

I'm helping my mom plan her RMD withdrawals for this year, the year she turns 70.5. I'm able to estimate her tax due using prior returns and know that Vanguard will allow her to have them withhold federal taxes at any percentage over 10% From a form linked from another thread it appears they offer ...
by bertilak
Fri Feb 17, 2017 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: RMDs
Replies: 7
Views: 624

Re: RMDs

I am not yet taking RMDs, but it is my understanding that the RMD that you take in 2017 is calculated from your December 21, 2016 balance. So why are you concerned about a future dividend distribution? Maybe he doesn't want to sell anything until after he collects the dividend(s). (And I'm sure you...
by bertilak
Fri Feb 17, 2017 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 10163

Re: Who would quit playing if they already won?

I'd keep playing but take some money off the table.

I did this myself by paying off my mortgage. That was about 30% of my nest egg.
by bertilak
Fri Feb 17, 2017 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: RMDs
Replies: 7
Views: 624

Re: RMDs

I am not yet taking RMDs, but it is my understanding that the RMD that you take in 2017 is calculated from your December 21, 2016 balance. So why are you concerned about a future dividend distribution? Maybe he doesn't want to sell anything until after he collects the dividend(s). (And I'm sure you...
by bertilak
Fri Feb 17, 2017 11:58 am
Forum: Personal Consumer Issues
Topic: http://www.hp-drivers-download.com/?
Replies: 18
Views: 465

Re: http://www.hp-drivers-download.com/?

Does anyone know anything about this site http://www.hp-drivers-download.com/ i am stuck on an old Windows operating system, since I have HP all in ones that are wonderful and HP never wrote drivers for them for later than XP SP2. I took it into my head this morning to see if there were later drive...
by bertilak
Thu Feb 16, 2017 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Closed my Roth IRA due to political uncertainty - mistake???
Replies: 102
Views: 5603

Re: Closed my Roth IRA due to political uncertainty - mistake???

Although you made an error there is a lot of good to come out of it. You have now demonstrated to yourself that you have essentially no tolerance for risk assets. That is good to know. I think if I had that riisk tolerance I would limit myself to money markets, savings account pints, CDs, fixed ann...
by bertilak
Thu Feb 16, 2017 9:39 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2140
Views: 581880

Re: What Book Are You Currently Reading? Part VI

Bertilak, I read it (and teach it) in Span., but I recommend Edith Grossman's translation to students. I have not compared it with others, but have read several Span. reviews that spoke highly of it. The e-version is quite affordable. And yes, I would re-read Part I before Part II, since the whole ...
by bertilak
Wed Feb 15, 2017 7:34 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2140
Views: 581880

Re: What Book Are You Currently Reading? Part VI

El ingenioso hidalgo don Quijote de la Mancha . Where it all began, you know, modern novel. Elena, Do you have a preferred English Translation? I read the Ormsby translation (Part I only) 30+ years ago and was thinking of going back for Part II but decided I really need to re-read Part I first. I a...
by bertilak
Wed Feb 15, 2017 1:04 pm
Forum: Investing - Theory, News & General
Topic: Does Micheal Kitces Rising Retirement Glidepath Still have legs
Replies: 47
Views: 3727

Re: Does Micheal Kitces Rising Retirement Glidepath Still have legs

Again, I'll repeat, Kitces and Pfau's conclusion is NOT justified by the data. Nor IMO is it justified in almost all cases by behavior, as we age we become less tolerant of risk, less able to stand the stress. Now there might be some investors who could handle that and if they are investing for the...
by bertilak
Mon Feb 13, 2017 5:02 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2416
Views: 608875

Re: What Movie Have You Recently Watched?

I watched groundhog day, again, no pun intended. lol that was on tv last week, I just can't get enough of that movie. Any other fans out there? I saw the ads for it on TV. I've seen it several times in the past so didn't bother to tune in again. Great movie though! I did think the ad was clever. It...
by bertilak
Mon Feb 13, 2017 10:43 am
Forum: Investing - Theory, News & General
Topic: What to do with $12000?
Replies: 15
Views: 2154

Re: What to do with $12000?

We have $12,000 (i know, small change for most of you) that was earmarked for Roth's in 2016 but never did it. Now that market is at an all time high, we hate to invest. Should we invest it yet or put it towards the mortage which would drop our balance to $8000 which will make retirement in a year ...
by bertilak
Mon Feb 13, 2017 10:29 am
Forum: Investing - Theory, News & General
Topic: Beat the market long-term? Yes, it can be done.
Replies: 133
Views: 1875

Re: Vanguard: Beat the market long-term? Yes, it can be done.

Truthfully, if I was going to be betting on active managers for meaningful outperformance cheap funds are the last place I'd look (as are broad funds that act as closet-indexes but that is a separate discussion). Cheap (low cost AND low turnover) active funds are the first and only place you should...
by bertilak
Sun Feb 12, 2017 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage is paid off, now what?
Replies: 28
Views: 2808

Re: Mortgage is paid off, now what?

The reason why posters are suggesting maxing out the 401K is two-fold, one you are saving for retirement in a tax-efficient manner and two, you are reducing your taxable income by a like amount, thereby saving you from paying federal income/state taxes today while keeping your living standards the ...
by bertilak
Sun Feb 12, 2017 5:44 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 1697
Views: 912299

Re: Better investment strategies?

I think one of its biggest advantages is that it keeps people from making mistakes, and it's easy to understand. Mr. Bogle agrees: "There may be better investment strategies than owning just three broad-based index funds but the number of strategies that are worse is infinite." Best wishe...
by bertilak
Sun Feb 12, 2017 10:17 am
Forum: Investing - Help with Personal Investments
Topic: How Much Cash Do You Actually Hold?
Replies: 101
Views: 8355

Re: How Much Cash Do You Actually Hold?

Actually, the bump in not having cash is real and not theoretical because it has already happened. Even if my bonds and stocks drop a lot in value, they are still worth more than what cash would've been worth. This could be looked at as an opportunity cost and not as risk. (Inflation excepted as an...
by bertilak
Sun Feb 12, 2017 10:03 am
Forum: Investing - Help with Personal Investments
Topic: How Much Cash Do You Actually Hold?
Replies: 101
Views: 8355

Re: How Much Cash Do You Actually Hold?

People also make the mistake of assuming the utility of money is the same across the entire spectrum. They are willing to take extra risk for a bump in return without understanding that a shortfall may cost a lot more (i.e., not being able to pay the bills) than a positive outcome for taking the ex...
by bertilak
Sat Feb 11, 2017 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: Should I count value of homes in my Swensen AA?
Replies: 15
Views: 844

Re: Should I count value of homes in my Swensen AA?

I would not consider real estate that is NOT producing income as part of my investment portfolio. I probably would not even consider income-producing real estate as part of my investment portfolio but instead treat it as a business, a business that needs to be managed, including paying its expenses....
by bertilak
Sat Feb 11, 2017 11:17 am
Forum: Investing - Help with Personal Investments
Topic: How Much Cash Do You Actually Hold?
Replies: 101
Views: 8355

Re: How Much Cash Do You Actually Hold?

I usually have about $100-$200 in my wallet. I keep my checking account balance (current and 35-day projected) over $1000. Judicious scheduling of future bill-paying in concert with income (SS, Pension) lets me keep a less volatile checking account balance. I also coordinate this with making multipl...
by bertilak
Sat Feb 11, 2017 11:14 am
Forum: Personal Consumer Issues
Topic: How do Bogleheads buy phones?
Replies: 43
Views: 2584

Re: How do Bogleheads buy phones?

Despite my best efforts to hold on to my phone for a long time, it is starting to be sluggish. If sluggishness is your problem their may be an easier fix. In my Galaxy there is a setting called "Storage" that allows you to clear cached data. I was surprised that power cycling (rebooting) ...
by bertilak
Fri Feb 10, 2017 8:57 pm
Forum: Investing - Theory, News & General
Topic: Does Micheal Kitces Rising Retirement Glidepath Still have legs
Replies: 47
Views: 3727

Re: Does Micheal Kitces Rising Retirement Glidepath Still have legs

bertilak Remember, a mortgage should be treated as negative exposure to your fixed income allocation, thus when it is gone you no longer have that negative. Larry If I look at it that way, my previous bond(-like) exposure was only 30%, not 50%. That mortgage sucked away a lot of the bond allocation...
by bertilak
Fri Feb 10, 2017 7:18 pm
Forum: Investing - Theory, News & General
Topic: Does Micheal Kitces Rising Retirement Glidepath Still have legs
Replies: 47
Views: 3727

Re: Does Micheal Kitces Rising Retirement Glidepath Still have legs

Oddly enough, speaking solely for myself, I found that my personal risk tolerance did decline as I approached the "danger zone" years, and now that I am in retirement I find myself relaxing a bit. This is all 100% subjective. Most glide paths would call for continuing to reduce stock allo...
by bertilak
Thu Feb 09, 2017 7:18 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2416
Views: 608875

Re: What Movie Have You Recently Watched?

Who's Afraid of Virginia Woolf? -- a play by Edward Albee, at the Washington Ford's Theater. It's a very powerful play, highly emotional, psychologically rich and surprising. Of course, I knew it was a classic, but there are many classics that I have not seen yet. I am glad that I saw this one. Vic...
by bertilak
Thu Feb 09, 2017 2:10 pm
Forum: Personal Consumer Issues
Topic: Any books really change your outlook on life?
Replies: 264
Views: 40024

Re: Any books really change your outlook on life?

The Selfish Gene, partially the sections on altruism. If you enjoyed the altruism part, you might also like The Evolution of Cooperation by Robert Axelrod. From the Amazon page: This widely praised and much-discussed book explores how cooperation can emerge in a world of self-seeking egoists—whethe...
by bertilak
Thu Feb 09, 2017 1:52 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2140
Views: 581880

Re: What Book Are You Currently Reading? Part VI

Currently working through The Complete Short Stories of Ernest Hemingway: The Finca Vigía Edition Have long delayed reading them, but after being up in the UP this summer and doing some trout fishing while reading the Nick Adams stories (and drinking bourbon of course) I figured I owed it to myself...
by bertilak
Mon Feb 06, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 110
Views: 9384

Re: Quicken's future direction - a cause for concern

This hasn't happened yet so I will just enjoy using Quicken until it does That's my attitude, mostly. I would add it is time to think about what to do when the day comes. One thing I like in Quicken that I would require in any substitute is the ability to schedule transactions ahead of time show th...
by bertilak
Sat Feb 04, 2017 12:32 pm
Forum: Investing - Theory, News & General
Topic: Maintaining Asset Allocation when Value Averaging
Replies: 7
Views: 383

Re: Maintaining Asset Allocation when Value Averaging

One way we've considered maintaining an overall asset allocation is to spin up another account which includes Total Stock and Total bond. Then, when we have cycles in the market where our Value Path requires more investing or sales, we would adjust the other account to compensate for overall asset ...
by bertilak
Sat Feb 04, 2017 10:46 am
Forum: Investing - Theory, News & General
Topic: Maintaining Asset Allocation when Value Averaging
Replies: 7
Views: 383

Re: Maintaining Asset Allocation when Value Averaging

The idea of what an AA is changes under value averaging. You are having to keep a bunch of cash on the sidelines, for example, which you'd never do otherwise. Is that part of your AA or not? Or you might consider your bonds not to be part of your portfolio, and just target the value of your stocks,...
by bertilak
Fri Feb 03, 2017 12:51 pm
Forum: Investing - Theory, News & General
Topic: Index Investors getting a free ride
Replies: 53
Views: 5350

Re: Index Investors getting a free ride

This article is merely an attempt to dress up the tired old argument that passive investing will stop working when too many people do it. Been discussed and debunked many times, including on this forum. Yup. Some knuckleheads on CNBC jawboned on for 5-10 minutes straight that 2017 was the year ther...
by bertilak
Fri Feb 03, 2017 12:09 pm
Forum: Investing - Theory, News & General
Topic: How much international stock? A suggestion.
Replies: 119
Views: 17355

Re: How much international stock? A suggestion.

There is also the concept that holding "Total Stock Index" already has international exposure. Isn't this enough? Why? For a retiree, doesn't it add more risk? Look at Bernstein's booklet "Deep Risk." He distinguishes between deep and shallow risk: Risk, then, comes in two flavo...
by bertilak
Thu Feb 02, 2017 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Career advice please: early 30's tech employee, new mom, confused
Replies: 36
Views: 3782

Re: Career advice please: early 30's tech employee, new mom, confused

From reading the rest of your post, this one is you! 3) Start my own consulting business or other cash-flow business in which I can work part-time, on my own schedule. I've always wanted to build something of my own — my grandfather, my mother, and my father-in-law are all successful entrepreneurs a...
by bertilak
Wed Feb 01, 2017 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Optimal timing for extraneous mortgage principal payments in relation to life of loan?
Replies: 6
Views: 685

Re: Optimal timing for extraneous mortgage principal payments in relation to life of loan?

I am considering implementing a strategy where I double up my mortgage payment for the first 5 years when the interest is more front loaded after which I would revert to minimum payments in favor of a taxable account. Valid strategy? or am I missing something? Every month is the first month of the ...
by bertilak
Tue Jan 31, 2017 11:51 am
Forum: Investing - Theory, News & General
Topic: Are you changing your AA based on current events?
Replies: 68
Views: 3205

Re: Are you changing your AA based on current events?

We are going through a period unlike any this country has experienced in a long time, if ever. I think most can agree on that. I can't agree. Current events always seem more significant and uniquely dangerous while they are current. A few past events that were pretty significant and unique: WW I WW...
by bertilak
Tue Jan 31, 2017 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Another can I afford this $2M house thread...
Replies: 70
Views: 6933

Re: Another can I afford this $2M house thread...

I think you need to evaluate: Your goal for savings: How much by when. Your ability to save/invest to reach that goal. This is a cash-flow analysis. If you add mortgage payment, taxes, insurance, HOA fees and upkeep to your current expenses (minus rent) does it leave enough income to reach your inve...
by bertilak
Tue Jan 31, 2017 11:24 am
Forum: Investing - Theory, News & General
Topic: Everybody says stocks are expensive but market keeps rising
Replies: 13
Views: 2535

Re: Everybody says stocks are expensive but market keeps rising

P/E can go down in two ways: Lower P or higher E.

If you buy stock you can collect dividends while you wait to see what happens.
by bertilak
Tue Jan 31, 2017 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Donating an old car
Replies: 26
Views: 1581

Re: Donating an old car

I donated a car to place called Kars 4 Kids. I started out by calling places that advertises with words like "We Buy Cars." None of them were interested, for various reasons, mainly: To old (1999) From a northern state (assumed too much rust despite it looking decent in pictures). No one e...
by bertilak
Sun Jan 29, 2017 6:34 pm
Forum: Investing - Theory, News & General
Topic: Try and hit it big with 25% of your portfolio?
Replies: 51
Views: 4932

Re: Try and hit it big with 25% of your portfolio?

Maybe he would understand a sports analogy. I would argue that sporting analogies are the root of all evil. Sports are a zero sum game where all that matters is beating the other guy. Investing is not a zero sum game. Even if you manage to frame a sports analogy that is not a zero sum game he will ...
by bertilak
Sat Jan 28, 2017 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Should my spouse sell her long term-held company stock to pay mortgage down so we can refinance at a lower rate?
Replies: 20
Views: 1934

Re: Should my spouse sell her long term-held company stock to pay mortgage down so we can refinance at a lower rate?

I have a one word answer for people who don't think they can lose their job and their life savings that they put into a company stock for retirement. Polaroid Add Enron and perhaps GM. I'm not sure how GM worked out but a relative of mine lost everything with Enron: job and savings, which was ALL i...
by bertilak
Sat Jan 28, 2017 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off mortgage to avoid insurance premium?
Replies: 18
Views: 757

Re: Paying off mortgage to avoid insurance premium?

Umbrella policy do require you carry the required auto and home owners policy. So how you will get your liability covered ? I thought so myself until just a few days ago. I have an older relative who no longer drives and we sold his car. I was worried about the liability insurance provided by his u...
by bertilak
Fri Jan 27, 2017 8:36 pm
Forum: Investing - Help with Personal Investments
Topic: What do you include in your asset allocation calculations?
Replies: 43
Views: 3337

Re: What do you include in your asset allocation calculations?

I only count liquid assets. If I owned illiquid assets that paid me income (e.g. rental property) I MIGHT count that as part of my AA but would probably look at is as a business that was managed separately from my investible assets. Since I don't own anything like that I haven't thought it through.
by bertilak
Fri Jan 27, 2017 9:42 am
Forum: Investing - Theory, News & General
Topic: "Don't Overcomplicate Your Portfolio"
Replies: 27
Views: 4646

Re: "Don't Overcomplicate Your Portfolio"

jhfenton wrote:All in all, though, it's fairly straightforward. It's no more complicated than my marathon training spreadsheet. :beer

AND -- it's probably easier to generate the financial data (look at a few web pages) than it is to generate the marathon training data!
by bertilak
Fri Jan 27, 2017 9:22 am
Forum: Investing - Theory, News & General
Topic: "Don't Overcomplicate Your Portfolio"
Replies: 27
Views: 4646

Re: "Don't Overcomplicate Your Portfolio"

When you get to the point where you have two or three or four accounts, like: ⋅ Traditional IRA ⋅ Roth IRA ⋅ 401(k) ⋅ Taxable account Then you need to think about: ⋅ Which asset classes are best for each account type? ⋅ Which funds are avai...

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