Search found 3136 matches

by edge
Tue Aug 15, 2017 6:25 pm
Forum: Personal Consumer Issues
Topic: Home Addition-Managing Payouts to Contractor
Replies: 6
Views: 563

Re: Home Addition-Managing Payouts to Contractor

Why would it be hard?

Tie payments to milestones and backload things.
by edge
Tue Aug 15, 2017 1:23 pm
Forum: Personal Consumer Issues
Topic: Is $9000 too much for a sectional sofa ?
Replies: 123
Views: 6365

Re: Is $9000 too much for a sectional sofa ?

At that size, is this even leather for that cost? I am guessing fabric. I would upgrade to leather. Especially with kids.
by edge
Sun Aug 13, 2017 8:49 am
Forum: Personal Consumer Issues
Topic: Paint vs. Stain on fiberglass door
Replies: 11
Views: 730

Re: Paint vs. Stain on fiberglass door

Staining is unlikely to come out well.
by edge
Sat Aug 12, 2017 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Core position in Fidelity
Replies: 24
Views: 2129

Re: Core position in Fidelity

Worrying about this is a waste of tine
by edge
Mon Aug 07, 2017 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Resting and Vesting
Replies: 4
Views: 1073

Re: Resting and Vesting

I've had this happen once as a senior executive. Just waited for retention bonuses and vesting to pop before moving on.
by edge
Sun Aug 06, 2017 7:12 pm
Forum: Investing - Theory, News & General
Topic: Study: Who Sold Stock During the 2008-9 Crash?
Replies: 85
Views: 7081

Re: Study: Who Sold Stock During the 2008-9 Crash?

I'm on the upper end of things. I 'sold' but only for TLH. On a net basis I bought, a lot.
by edge
Sat Jul 29, 2017 12:44 pm
Forum: Personal Consumer Issues
Topic: Wooden flooring in kitchen
Replies: 51
Views: 4215

Re: Wooden flooring in kitchen

I have oiled wood floors. Easy to repair. Low gloss. Finished in place.
by edge
Sun Jul 23, 2017 12:23 pm
Forum: Investing - Theory, News & General
Topic: Dividend Misunderstandings & Only Spend Return
Replies: 282
Views: 15276

Re: Dividend Misunderstandings & Only Spend Return

Ehhh. No. If by 'real life' you mean 'a scenario you invented' then fine. You created a straw man where if two investors had 100% equities then the TSM investor would have had to sell more in a downturn. And the response is that this is a very bad strawman. In a major downturn the fixed income of a ...
by edge
Sun Jul 23, 2017 7:22 am
Forum: Investing - Theory, News & General
Topic: Dividend Misunderstandings & Only Spend Return
Replies: 282
Views: 15276

Re: Dividend Misunderstandings & Only Spend Return

Having cake and eating it too? I believe this timeframe included the financial crisis - which is the time period that you used in other examples to show the superiority of your approach. Now suddenly it is a 'cherry picked' time scale (which I believe was simply ten years)? You recommended several f...
by edge
Sun Jul 23, 2017 7:10 am
Forum: Investing - Theory, News & General
Topic: Dividend Misunderstandings & Only Spend Return
Replies: 282
Views: 15276

Re: Dividend Misunderstandings & Only Spend Return

It is irrelevant because if you designed your portfolio such that you are forced to sell equities during a downturn, then you did it wrong. Anyone who creates fantasies like you have earlier in the thread with make-believe math should get some thicker skin. Summary of argument: 1). Create pseudo mat...
by edge
Sun Jul 23, 2017 12:17 am
Forum: Investing - Theory, News & General
Topic: Dividend Misunderstandings & Only Spend Return
Replies: 282
Views: 15276

Re: Dividend Misunderstandings & Only Spend Return

Um....so are you advocating that people hold 100% dividend stocks in retirement and...hopefully the dividend carries the day as stocks plummet by half? Your initial psuedo-science posts belied the nuttiness to come! It is perfectly normal to compare distinct components of a portfolio. The problem is...
by edge
Sun Jul 23, 2017 12:03 am
Forum: Investing - Theory, News & General
Topic: Dividend Misunderstandings & Only Spend Return
Replies: 282
Views: 15276

Re: Dividend Misunderstandings & Only Spend Return

Yet another flaw in your fantasy. No one in retirement should be selling stocks after a 50% market crash. They would be selling their bonds. Calling the 'total market' the 'hot fund of the week' is astounding. You need to re-examine your thinking. The total market is the benchmark, hence why it is a...
by edge
Sat Jul 22, 2017 9:44 pm
Forum: Investing - Theory, News & General
Topic: Do you find financial advisors to be all that bright?
Replies: 53
Views: 4902

Re: Do you find financial advisors to be all that bright?

Why would there be an expectation that they would be bright? They sell what they are told to sell and they try to be friendly with their marks.
by edge
Sat Jul 22, 2017 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: Virginia 529 VSMPX
Replies: 3
Views: 269

Re: Virginia 529 VSMPX

aha wrote:How do I then track the performance using morningstar and such?



You don't.
by edge
Sat Jul 22, 2017 2:48 pm
Forum: Investing - Theory, News & General
Topic: Dividend Misunderstandings & Only Spend Return
Replies: 282
Views: 15276

Re: Dividend Misunderstandings & Only Spend Return

You have wrapped yourself into a pretzel with bad math. Quarter 2 we have the nasty bear market in this high yield world like the example above. Both stocks drop 50%. You then have to withdraw $100. A pays the $100 dividend dropping to $50 / share: 100 shares @ $50 = $5000 at market ($10k intrinsic)...
by edge
Wed Jul 19, 2017 2:00 pm
Forum: Personal Consumer Issues
Topic: anyone retire and move to a planned community in FL?
Replies: 48
Views: 6462

Re: anyone retire and move to a planned community in FL?

The smaller homes are on smaller lots. However, they all adhere to certain level of architecture and build standards that fit into the neighborhood well. They are high quality (same quality as the larger homes) and the choice to buy one or the other is viewed as a preference and not an economic choi...
by edge
Tue Jul 18, 2017 7:40 am
Forum: Personal Consumer Issues
Topic: Books not to read.
Replies: 155
Views: 11930

Re: Books not to read.

Yes, it is also possible to fish coins from a sewer. Doesn't make it a good use of time. Rich dad poor dad I disagree on this one. Some things I took away from this book is to live below your means, always be selling/improving yourself, and invest (the book pushes real estate, but it can clearly be ...
by edge
Tue Jul 18, 2017 5:26 am
Forum: Personal Consumer Issues
Topic: Books not to read.
Replies: 155
Views: 11930

Re: Books not to read.

Rich dad poor dad
by edge
Mon Jul 17, 2017 9:20 pm
Forum: Personal Consumer Issues
Topic: anyone retire and move to a planned community in FL?
Replies: 48
Views: 6462

Re: anyone retire and move to a planned community in FL?

A family member moved to The Plantation at Ponte Vedra beach near Sawgrass on the coast near Jacksonville. It is a couple hours north of Daytona. It is a nice place, dream retirement type setup. Great golf course, nice beach house, amazing club house. Amenities galore. One thing to consider is the f...
by edge
Sat Jul 15, 2017 3:01 pm
Forum: Investing - Theory, News & General
Topic: How are folks handling the unprecedented rise in the market ?
Replies: 166
Views: 17794

Re: How are folks handling the unprecedented rise in the market ?

In what way is this unprecedented? I like many others am a skeptic of this market, given the volatile political situation and lack of any real improvements such as tax reform or infrastructure bills. But the fact is that the market still keeps going up. I am still in the market but What is everybody...
by edge
Thu Jul 13, 2017 8:18 pm
Forum: Investing - Theory, News & General
Topic: Buckley will succeed McNab as Vanguard CEO at year end
Replies: 32
Views: 3742

Re: Buckley will succeed McNab as Vanguard CEO at year end

That is probably too few. Jpmc has 30,000. CIO? Yikes! I hope the past is not a predictor of the future. [edit] nevvverrr mind (I read CIO as chief information officer, not chief investment officer) Apparently both. I can't believe they have 3,0000 software developers. m " During McNabb's tenur...
by edge
Tue Jul 11, 2017 6:21 am
Forum: Personal Consumer Issues
Topic: Solar panels
Replies: 57
Views: 4080

Re: Solar panels

Has anyone here done a quick calc on the Tesla/Solar City roof?
by edge
Mon Jul 10, 2017 11:33 pm
Forum: Investing - Theory, News & General
Topic: Dividend Misunderstandings & Only Spend Return
Replies: 282
Views: 15276

Re: Dividend Misunderstandings & Only Spend Return

It makes no sense to invest in a dividend focused fund just because of the dividends. Dividends are a proxy for value and there are better metrics to achieve this e.g. P/B. You see out-performance but you don't understand why. Avoiding dividends is a waste of time also. They are what they are. There...
by edge
Sat Jul 08, 2017 8:27 pm
Forum: Investing - Theory, News & General
Topic: Dividend Misunderstandings & Only Spend Return
Replies: 282
Views: 15276

Re: Dividend Misunderstandings & Only Spend Return

I don't understand this post at all. What is the problem statement?
by edge
Fri Jul 07, 2017 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - is it worth it?
Replies: 156
Views: 10071

Re: Long term care insurance - is it worth it?

This is a pretty scary policy. 100k in immediate premiums for a 170k death benefit - without the unlimited ltc rider? Umm, not that I have seen. The hybrid policies allow you to drain the life insurance benefit or a portion thereof. They are not unlimited. And since life insurance payout is a certai...
by edge
Fri Jul 07, 2017 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - is it worth it?
Replies: 156
Views: 10071

Re: Long term care insurance - is it worth it?

Partnership policies are becoming more rare because of the inflation adjustment requirements. Read this horrifying story in the New York Times today: m Then think about what the proposed changes to Medicaid in the healthcare legislation pending before Congress might mean for all of us. Even people l...
by edge
Fri Jul 07, 2017 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - is it worth it?
Replies: 156
Views: 10071

Re: Long term care insurance - is it worth it?

Shrinking is an understatement. New money shrank by 90% since 2010. There seems to be a lot of controversy over long term care insurance. I'm heading into retirement in a couple of years and I'm wondering if it's important to buy this. The few resources I've found on it suggest that one only should ...
by edge
Thu Jul 06, 2017 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - is it worth it?
Replies: 156
Views: 10071

Re: Long term care insurance - is it worth it?

The contract is whatever it is. They will abide. The shell game is in the annuity premium they charged you at the start. As mentioned you would probably have been better served with first getting an annuity w/o rider and then later when you get ill and look towards LTC, an annuity that pays a higher...
by edge
Thu Jul 06, 2017 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - is it worth it?
Replies: 156
Views: 10071

Re: Long term care insurance - is it worth it?

Yes, policies like this one are no longer sold. They are also why there are no majors left selling LTC and why Penn Treaty went under. Hold onto that as long as you can. Esp if there is a history of age related cognitive issues in your family history. In fact, most companies e.g. Transamerica have s...
by edge
Thu Jul 06, 2017 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy this house?
Replies: 50
Views: 4343

Re: Should I buy this house?

The taxes for one of my NY props is around 3%. Very bad economic model. Maybe I'm too confined to my little bubble.....but why are the property taxes so high on this property? Is there a lot of land, or are some areas simply that high? I was wondering the same thing. That's over 2% property tax, whi...
by edge
Thu Jul 06, 2017 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - is it worth it?
Replies: 156
Views: 10071

Re: Long term care insurance - is it worth it?

The annuity lifetime coverage is a redirect of an already lifetime income stream that is funded by a large initial premium. Be careful of the shell games that can be played with that. It could be better to wait till you get sick and then get a medically underwritten annuity with higher payouts. Umm,...
by edge
Thu Jul 06, 2017 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - is it worth it?
Replies: 156
Views: 10071

Re: Long term care insurance - is it worth it?

Umm, not that I have seen. The hybrid policies allow you to drain the life insurance benefit or a portion thereof. They are not unlimited. And since life insurance payout is a certainty vs a potential the insurance co can price better. Lincoln moneyguard has been the king of the hybrid policies for ...
by edge
Thu Jul 06, 2017 10:13 am
Forum: Investing - Help with Personal Investments
Topic: Considering a move to Vanguard
Replies: 37
Views: 2637

Re: Considering a move to Vanguard

VG has great products. You may want to hold them at Fido. Much better tech and customer service. I have assets at both.

You can't really target a specific CAGR. The ride is bumpy. You can control diversification and expenses. Very loose control of volatility and returns.
by edge
Thu Jul 06, 2017 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Seeking advice on 1.2m (now 900K) house purchase
Replies: 188
Views: 11470

Re: Seeking advice on 1.2m house purchase

If you like the Bay Area you should find a higher paying job.
by edge
Thu Jul 06, 2017 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - is it worth it?
Replies: 156
Views: 10071

Re: Long term care insurance - is it worth it?

There is a big misconception in the post quoted below and several others in this thread. LTC policies do not cover tail risk. They just don't. It is not part of their design anymore and hasn't been for a very long time. Each situation is different, I would compare LTC insurance to owning life insura...
by edge
Wed Jul 05, 2017 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Temporary Internal Promotion - Increased Compensation?
Replies: 73
Views: 4306

Re: Temporary Internal Promotion - Increased Compensation?

You remain confused. The compensation comes, because it has to or people take their experience and leave for higher compensation. Unless they aren't actually valuable. The advice you have given re the timing of the request, is bad. Anytime some junior dingbat gets HR involved without going through t...
by edge
Wed Jul 05, 2017 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Temporary Internal Promotion - Increased Compensation?
Replies: 73
Views: 4306

Re: Temporary Internal Promotion - Increased Compensation?

I think you continue to be confused. He has no new job. His title is not changing. He has a temporary assignment. He is not a real manager yet. He has no leverage and very little incremental worth until he proves he can perform. Equating this to someone being brought on from the outside at a senior ...
by edge
Wed Jul 05, 2017 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking advice on 1.2m (now 900K) house purchase
Replies: 188
Views: 11470

Re: Seeking advice on 1.2m house purchase

So a lot of the silicon valley people have high networth but are house poor? That is a correct assessment of San Francisco Bay Area homeowners. They go into massive debt for dilapidated and depreciating houses. Mississippi and Alabama Bay Area homeowners, on the other hand, are in great financial s...
by edge
Wed Jul 05, 2017 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Temporary Internal Promotion - Increased Compensation?
Replies: 73
Views: 4306

Re: Temporary Internal Promotion - Increased Compensation?

I think you missed the plot entirely. His wife makes over a million per year. At some level whining about raises out of cycle makes senior people wonder if the kid has any respect or trust in them at all. I guess we've seen different things, jlcnuke. I thInk I can count on one hand the out-of-cycle ...
by edge
Wed Jul 05, 2017 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Temporary Internal Promotion - Increased Compensation?
Replies: 73
Views: 4306

Re: Temporary Internal Promotion - Increased Compensation?

HR exists to protect the company from the employees. If you think about it that way you will understand HR. Welcome to the first awkward lesson of your temporary assignment. OP here. Quick update and some strange news. As mentioned previously, I stopped by HR last week to see if the company had a fo...
by edge
Wed Jul 05, 2017 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Temporary Internal Promotion - Increased Compensation?
Replies: 73
Views: 4306

Re: Temporary Internal Promotion - Increased Compensation?

I think we are talking about different universes. 1). Managing 3-4 people is not a management job. It is a mistake that an HR span of control exercise will clean up eventually at most places. 2). 15% is not the type of dollars I am referencing. Once you hit a certain level, promotions mean doubling ...
by edge
Wed Jul 05, 2017 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Temporary Internal Promotion - Increased Compensation?
Replies: 73
Views: 4306

Re: Temporary Internal Promotion - Increased Compensation?

Well, realistically I haven't seen anyone fail in a stretch role they were pushing hard for and not get managed out. Too much stigma on the manager who gave them the opportunity to let them survive and too much political awkwardness on the part of the employee in their failed attempt to move up. Pee...
by edge
Wed Jul 05, 2017 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking advice on 1.2m (now 900K) house purchase
Replies: 188
Views: 11470

Re: Seeking advice on 1.2m house purchase

Ya but those are just the junior staffers like the OP. The execs (many many of them) making 7 figures (mostly stock) don't have to deal with these same problems. 401k contribution doesn't go very far in terms of helping the mortgage. In some places it doesn't cover taxes. You know, I don't think you...
by edge
Wed Jul 05, 2017 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Temporary Internal Promotion - Increased Compensation?
Replies: 73
Views: 4306

Re: Temporary Internal Promotion - Increased Compensation?

Because it is temporary. If he is difficult even at the start, move on to candidate number 2. Best thing to say is 'if this is made permanent then I would be promoted to match the responsibilities, correct?' If I was giving someone a stretch role and they asked for more money immediately - I would s...
by edge
Wed Jul 05, 2017 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Temporary Internal Promotion - Increased Compensation?
Replies: 73
Views: 4306

Re: Temporary Internal Promotion - Increased Compensation?

This is a temporary assignment. None of your comment applies until the position is offered as permanent. I wonder how many people saying to not ask for more money for a new role would change employers to get a more senior position yet would only ask for pay in-line with their current pay since they'...
by edge
Wed Jul 05, 2017 3:17 pm
Forum: Investing - Theory, News & General
Topic: Fairholme-FAIRX
Replies: 22
Views: 4750

Re: Fairholme-FAIRX

It is good to dig these up. Shows that persistent outperformance is a search for unicorns. Yet as bad as its done lately, it has beaten the S&P 500 over the life of the fund. From a WSJ article on 7/1/17: Since the Fairholme Fund was started in 1999, it has delivered an annualized total return ...
by edge
Wed Jul 05, 2017 5:42 am
Forum: Personal Finance (Not Investing)
Topic: Temporary Internal Promotion - Increased Compensation?
Replies: 73
Views: 4306

Re: Temporary Internal Promotion - Increased Compensation?

This has definitely not been the case for fast movers getting promoted in large FIs or tech companies I've observed. Creating value/growth and obtaining the talent to do so is second to none. No one remembers that you paid a VP 400k vs 350k unless they/you fail to deliver. And in that case you would...