Search found 170 matches

by gips
Mon Aug 22, 2016 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: College preparation from a financial point of view
Replies: 27
Views: 1604

Re: College preparation from a financial point of view

I think livesoft's statement a little misleading. The $50k you've saved in your 529 plan may be enough for 2 years of college but it might not be enough for one year. I'll go out on a limb and say it probably won't be enough for two years if you include all costs.
by gips
Mon Aug 22, 2016 11:02 am
Forum: Personal Finance (Not Investing)
Topic: retirement websites/books?
Replies: 13
Views: 1045

Re: retirement websites/books?

yes, I need to figure out things like withdrawal rate, roth conversion strategy, social security, long term health care, etc. I know it seems like I should have had some of those things worked out before I decided to retire but I have a strong asset base.
by gips
Mon Aug 22, 2016 10:57 am
Forum: Personal Consumer Issues
Topic: Favorite Restaurant Stop on Road Trips
Replies: 103
Views: 5800

Re: Favorite Restaurant Stop on Road Trips

every meal eaten in a chain restaurant is a missed opportunity to try something new, something local and support a small business. Isn't one of the points of life discovery and broadening horizons? I really try to think this way, but in actuality I just can't put this into place. We are a frugal fa...
by gips
Mon Aug 22, 2016 10:47 am
Forum: Personal Finance (Not Investing)
Topic: College preparation from a financial point of view
Replies: 27
Views: 1604

Re: College preparation from a financial point of view

- I think your first step is to run the expected financial contribution (EFC) calculation for about five target colleges. This will give you a general sense of what to expect. (google school name efc, for example yale efc calculator) - Next, take a look at your state university. Is it a good school?...
by gips
Mon Aug 22, 2016 1:17 am
Forum: Investing - Theory, News & General
Topic: Flash Boys Follow Up: IEX Exchange Goes Live
Replies: 7
Views: 906

Re: Flash Boys Follow Up: IEX Exchange Goes Live

but the most conspicuous examples given were of the RBC traders making large trades on the behalf of their corporate clients. Those particular cases are made for front-running since they are sold in chunks not really. One of the main reasons RBC's institutional clients use RBC for large block trade...
by gips
Sun Aug 21, 2016 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: retirement websites/books?
Replies: 13
Views: 1045

retirement websites/books?

Hi,

I retired last week. I plan to continue to use this website but I was wondering could recommend forums/books specifically around retirement?

tia,
by gips
Sun Aug 21, 2016 11:43 pm
Forum: Personal Consumer Issues
Topic: Favorite Restaurant Stop on Road Trips
Replies: 103
Views: 5800

Re: Favorite Restaurant Stop on Road Trips

I'm stunned by all the chain recommendations. It's not that I don't think cracker barrel, in-n-out, etc. don't make good food, but IMO, every meal eaten in a chain restaurant is a missed opportunity to try something new, something local and support a small business. Isn't one of the points of life d...
by gips
Sat Aug 06, 2016 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: unexpected accelerated retirement (next week), checklist?
Replies: 25
Views: 2399

Re: unexpected accelerated retirement (next week), checklist?

thanks for all the informative replies! Here's some more info based on what people suggested: - My asset mgr is vanguard, so, lower fees, better choices than my 401k - I just turned 60 - Based on my separation agreement, I may not be able to claim unemployment. We'll see, it may be a negotiating poi...
by gips
Sat Aug 06, 2016 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: unexpected accelerated retirement (next week), checklist?
Replies: 25
Views: 2399

unexpected accelerated retirement (next week), checklist?

Hi, I had expected to retire Q1 of next year, learned that my last date with my company will be in about 2 weeks. I'm trying to think through the immediate things I need to do to prepare for separation from my company and retirement. Once I have a handle on that, I'll move to short, med and long-ter...
by gips
Tue Jul 12, 2016 11:59 am
Forum: Investing - Help with Personal Investments
Topic: S&P500 vs 3.5% Guaranteed
Replies: 22
Views: 2809

Re: S&P500 vs 3.5% Guaranteed

I suggest you buy now and then sell when the market drops again...just kidding, but it's a very common dynamic. Look, no one can tell you which is better because we don't understand your investment goals and where you stand against those goals. The only thing we can state with certainty is that you ...
by gips
Sun Jun 26, 2016 10:54 pm
Forum: Investing - Theory, News & General
Topic: What did you learn from the post-Brexit bloodbath?
Replies: 145
Views: 11660

Re: What did you learn from the post-Brexit bloodbath?

Like some, I did my best to see Friday's huge drop as a "sale" and add to my investments, buying things I already wanted to own at their new lower prices (though only a little). Some observations from my end: ... So, what did you learn from Friday's trading, that you can share with others...
by gips
Fri Jun 24, 2016 1:42 pm
Forum: Investing - Help with Personal Investments
Topic: Housing/mortgages the boglehead way
Replies: 20
Views: 1834

Re: Housing/mortgages the boglehead way

>> Soon: Wife is thinking of having kids - to me, this is a red flag. your wife is thinking about having kids or you and your wife are thinking about having kids? - is your wife thinking about working once she has kids? Probably an important piece of data for planning. - My advice is to forget about...
by gips
Wed Jun 22, 2016 9:23 pm
Forum: Personal Consumer Issues
Topic: bicycle recommendations
Replies: 72
Views: 4519

Re: bicycle recommendations

I was doing a lot of analysis on this and someone on a bike forum recommended Just Ride, saved me a lot of time and money. "Forget the ultralight, uncomfortable bikes, flashy jerseys, clunky shoes that clip onto tiny pedals, the grinding out of endless miles. Instead, ride like you did when you...
by gips
Wed Jun 22, 2016 2:23 pm
Forum: Personal Consumer Issues
Topic: best wristwatch for the price
Replies: 87
Views: 4760

Re: best wristwatch for the price

>>OP asked for "classy-looking" suggestions. point taken, it's more of a casual, sports watch. I guess what led me down that path is that OPs timex is a sport watch and doesn't meet my definition of classy (for me, it's simple, elegant design). here's an example of my definition of inexpen...
by gips
Wed Jun 22, 2016 2:03 pm
Forum: Personal Consumer Issues
Topic: best wristwatch for the price
Replies: 87
Views: 4760

Re: best wristwatch for the price

>>Is Orange really considered "classy-looking" these days?
orange was never considered classy. that's the point.
by gips
Wed Jun 22, 2016 1:58 pm
Forum: Personal Consumer Issues
Topic: best wristwatch for the price
Replies: 87
Views: 4760

Re: best wristwatch for the price

+1 seiko, I''m not recommending this seller, but the orange seiko 5 monster has some cred among watch lovers:
https://www.amazon.com/Seiko-SKX781-Ora ... B000EPLR2G
by gips
Wed Jun 22, 2016 10:57 am
Forum: Personal Consumer Issues
Topic: Headphones, consumerism, and escalation of "needs"
Replies: 55
Views: 4415

Re: Headphones, consumerism, and escalation of "needs"

For many years I was caught in the trap of over-analysis. My analysis always included a heavy focus on where to find the best price and I was able to justify my time by buying and selling the object of my analysis. For example, I made about $3000 buying and selling Dell computers for a period of tim...
by gips
Thu Jun 16, 2016 10:49 am
Forum: Investing - Help with Personal Investments
Topic: 31 y/o help with investing an inheritance
Replies: 24
Views: 2353

Re: 31 y/o help with investing an inheritance

- I think watty (and others) have provided solid advice. I don't like multiple accounts, instead I have one tax advantaged account, one taxable and a spreadsheet which keeps track of allocations out of the two accounts. Really, a matter of choice. - In your op, you talk about moving into an S&P ...
by gips
Tue May 31, 2016 8:30 pm
Forum: Personal Consumer Issues
Topic: buying art?
Replies: 17
Views: 1196

Re: buying art?

thanks for all the great input. Here are some comments: - Some have asked what I wish to improve. Often, pieces are sold for a lot more and less often, for a lot less, than the pre-auction estimates. We have no real idea what our price should be and most often use the midpoint or sometimes the high ...
by gips
Mon May 30, 2016 2:32 pm
Forum: Personal Consumer Issues
Topic: buying art?
Replies: 17
Views: 1196

buying art?

Hi, Over the last year we've bought art at auction for our house, five pieces in all, we've spent about $10k. My wife was an art history major, has an appreciation of fine art but is not an expert. The auction house is reputable, their auctions are well attended by dealers and consumers. Bidding is ...
by gips
Fri May 27, 2016 1:54 pm
Forum: Investing - Theory, News & General
Topic: Tax considerations: Only an Asset Location decision??
Replies: 14
Views: 851

Re: Tax considerations: Only an Asset Location decision??

the majority of my portfolio is taxable. I have a very simple philosophy on this and it's ignore tax consequences when making asset allocation decisions. While I do acknowledge equities and bonds have different tax characteristics, I don't want to be in a position where (for example) I overallocate ...
by gips
Tue May 24, 2016 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: I just shorted the S&P, now what do I do?
Replies: 61
Views: 6498

Re: I just shorted the S&P, now what do I do?

I think it's perfectly acceptable to do whatever one wants with "play money" as long as it's viewed as gambling as opposed to investing. Unfortunately, many people can't control gambling (whether we're talking about the stock market or a casino) and money bleeds from investment funds to ga...
by gips
Mon May 23, 2016 2:49 pm
Forum: Investing - Theory, News & General
Topic: What was your first investment?
Replies: 117
Views: 4965

Re: What was your first investment?

paying for college.
by gips
Mon May 23, 2016 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Exclusivity and Real Estate Agents. Agree or Disagree?
Replies: 58
Views: 3812

Re: Exclusivity and Real Estate Agents. Agree or Disagree?

a lot depends on your market and market conditions. we used a single agent in nyc, a very tight market, there was so little inventory, it didn't matter at all, everyone was looking at the same stuff. one of the things we found different about the nyc market was that in the suburbs, we could run ring...
by gips
Sat May 21, 2016 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Reality check - how am I doing
Replies: 63
Views: 7441

Re: Reality check - how am I doing

I find myself jealous sometimes I when I see others take fancy vacations to Hawaii or other cool places. Then I realize I've chosen to save money instead of spending it. you're eventually going to spend the money you're saving, right? do you think you'll get more enjoyment spending the money now, w...
by gips
Tue May 17, 2016 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Could I be held Liable for giving financial advice to a friend
Replies: 37
Views: 3901

Re: Could I be held Liable for giving financial advice to a friend

I work on wall st and am often asked for investment advice. Instead of offering specific advice, I talk about my investment philosophy and suggest a book or two (or the wiki for this site). My reason for this approach is a) I want to keep my friend should my investment advice go wrong and b) it's be...
by gips
Mon May 16, 2016 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: consolidating money, leave zero balance accounts active?
Replies: 5
Views: 354

Re: consolidating money, leave zero balance accounts active?

thanks...I guess I could leave $100 in the account.
by gips
Mon May 16, 2016 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: consolidating money, leave zero balance accounts active?
Replies: 5
Views: 354

consolidating money, leave zero balance accounts active?

Hi, We have accounts at a couple of brokers/wealth managers and would like to simplify by moving money to vanguard. So let's say I move my money at schwab to vanguard such that schwab has a zero balance. Ideally I'd like to close the schwab account but I'm thinking it might make sense to keep it ope...
by gips
Mon May 09, 2016 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: The crossover point [When can you retire?]
Replies: 59
Views: 10121

Re: The crossover point [When can you retire?]

I think a lot about the crossover number, defined by op as the point where income >= expenses. I'd love not to make any withdrawals and setup a self-sustaining trust for things like charities, college education for our grandchildren, etc. In some ways it seems unfair, in a more normal fi environment...
by gips
Sun May 08, 2016 8:21 pm
Forum: Personal Consumer Issues
Topic: Wine Buying, Rating, Storage Guides and Apps
Replies: 26
Views: 1956

Re: Wine Buying, Rating, Storage Guides and Apps

op, are you buying for pleasure, investment or both? if investment, parker is generally more influential than any other source. If pleasure, I'd suggest avoiding parker in favor of john gilman or gallioni.
by gips
Sat May 07, 2016 10:11 am
Forum: Personal Consumer Issues
Topic: Sci-Fi ... your favorite movies and episodes??
Replies: 145
Views: 12917

Re: Sci-Fi ... your favorite movies and episodes??

here are some that I don't think have been mentioned:
safety not guaranteed (a good little indie that flew under the radar but has found an audience)
little shop of horrors (the musical)
stalker (Tarkovsky)

also, jack finney wrote the cult classic Time and Again, well-researched, very fine writing.
by gips
Sat Apr 30, 2016 9:15 pm
Forum: Personal Consumer Issues
Topic: anyone with experience with car with frontal collision alert?
Replies: 32
Views: 1775

Re: anyone wiht experience with car with frontal collision alert?

I have the subaru forrester with the same eyesight option. The car, equipped with eyesight, was rated one of the safest ever tested. The capabilities that eyesight offers are typically found on much more expensive cars. Additionally, I get 28 miles to the gallon and of course the car has awd. Add it...
by gips
Wed Apr 27, 2016 2:58 pm
Forum: Personal Consumer Issues
Topic: U. of Michigan, Indiana U. college visits
Replies: 21
Views: 1866

Re: U. of Michigan, Indiana U. college visits

son just finished junior year at UM: - I've had good success saving money using priceline for hotels. take a look at biddingfortravel site for recent prices. - if you live in a place with good ny style deli, zingerman's is good but not unique and it's expensive for aa. - we like zingerman's roadhous...
by gips
Wed Apr 27, 2016 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: College Savings approach/plan - pls critique & advise
Replies: 4
Views: 476

Re: College Savings approach/plan - pls critique & advise

- when our kids entered 8th grade, we told them we'd pay for a private school if they were admitted to a school demonstrably better than our state flagship - if you live in a state with a great state school (for example, va, mi, tx, ca), the bar is much higher for them. we live in ny, so it wasn't a...
by gips
Sun Apr 10, 2016 12:59 am
Forum: Investing - Theory, News & General
Topic: Burton G. Malkiel - New advice for bond portfolios
Replies: 41
Views: 5295

Re: Burton G. Malkiel - New advice for bond portfolios

>> I mean that virtually every group of US stocks seems fully priced.
and I mean by definition, in the U.S. market, everything is always fully priced.

>>I find his bond substitution rationales a bit disingenuous.
agreed.
by gips
Sat Apr 09, 2016 7:40 pm
Forum: Investing - Theory, News & General
Topic: Burton G. Malkiel - New advice for bond portfolios
Replies: 41
Views: 5295

Re: Burton G. Malkiel - New advice for bond portfolios

>>My answer to any "this time it's different" (and the overconfidence it engenders) could be summed up in item number 4 of this excellent blog post: I agree with everything in that blog post. Let me add my own word of wisdom to the post "Knowing the probabilities doesn’t mean you know...
by gips
Sat Apr 09, 2016 4:59 pm
Forum: Investing - Theory, News & General
Topic: Burton G. Malkiel - New advice for bond portfolios
Replies: 41
Views: 5295

Re: Burton G. Malkiel - New advice for bond portfolios

>>Probably one the best posts I've seen in this forum. The underlined part could pertain to many of the debate posts here as well. How many times must >> "tune out the noise" be stated? here's the thing, if you get on an iceberg proof ship and it starts sinking, do you say to yourself &quo...
by gips
Sat Apr 09, 2016 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: College Admission Time, What parents need to be aware and how to be helpful
Replies: 284
Views: 27371

Re: College Admission Time, What parents need to be aware and how to be helpful

my son felt u mich was big and started at their residential college, basically a small lac feel within the big school. as i mentioned he transferred to u mich's ford school of pub policy this year and is no longer part of the res college. Still, he was very happy with his experience, not sure if the...
by gips
Sun Apr 03, 2016 12:45 am
Forum: Personal Finance (Not Investing)
Topic: College Admission Time, What parents need to be aware and how to be helpful
Replies: 284
Views: 27371

Re: College Admission Time, What parents need to be aware and how to be helpful

have a s at u mich, has been a great, great experience. The school is strong in just about everything, you have a year or two to figure it out and then focus. My son was in honors lsa the first two years, found his passion and was admitted to their ford school of public policy. the school offers a c...
by gips
Sat Apr 02, 2016 8:31 am
Forum: Investing - Theory, News & General
Topic: Who needs Money Market accounts any more?
Replies: 55
Views: 6621

Re: Who needs Money Market accounts any more?

I think of my checking account as a firewall to my mm account. If someone were to get hold of a blank check the most they'd get is what lies in my checking account.
by gips
Fri Apr 01, 2016 10:07 pm
Forum: Investing - Help with Personal Investments
Topic: How best to invest home sale proceeds?
Replies: 13
Views: 1181

Re: How best to invest home sale proceeds?

first, congrats on your big profit! My suggestion is that you consider the risk/reward of higher exposure to equities in your taxable account.

luck!
by gips
Fri Apr 01, 2016 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: best portfolio tool(s)
Replies: 2
Views: 475

best portfolio tool(s)

Hi, I've read the wiki and searched the forum but I'm left wondering if there's a consensus on the strongest portfolio management tool. I have a mix of mutual funds, etfs, CDs and savings accounts. It would be great if it did the following: - priced securities at end of day - calculated asset alloca...
by gips
Thu Mar 31, 2016 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Carry business CC debt or pay additional taxes?
Replies: 5
Views: 329

Re: Carry business CC debt or pay additional taxes?

I owned a business with some partners and we looked at this every which way. I suspect the debate is not about taxes, rather it's about taking $70k out of his pocket.
by gips
Thu Mar 31, 2016 11:08 am
Forum: Investing - Theory, News & General
Topic: Your Questions for the Experts Panel Q&A @ Bogleheads Conference
Replies: 44
Views: 5488

Re: Your Questions for the Experts Panel Q&A @ Bogleheads Conference

I'd like to ask the panel the same question I posted for bogle: In the past, when interest rates were say 5%, there's was a symmetrical opportunity for principal loss/gain due to interest rate movement. Now, given our historically low interest rates, there's limited opportunity for principal appreci...
by gips
Thu Mar 31, 2016 10:40 am
Forum: Investing - Theory, News & General
Topic: Got a Question for Jack Bogle? Post it Here.
Replies: 86
Views: 9919

Re: Got a Question for Jack Bogle? Post it Here.

In the past, when interest rates were say 5%, there's was a symmetrical opportunity for principal loss/gain due to interest rate movement. Now, given our historically low interest rates, there's limited opportunity for principal appreciation due to interest rate movement. Given the lack of symmetry ...
by gips
Wed Mar 16, 2016 10:03 am
Forum: Investing - Theory, News & General
Topic: characterizing restricted stock for asset allocation
Replies: 13
Views: 885

Re: characterizing restricted stock for asset allocation

>>It also comes to the question I asked before whether these RSUs loom large because saved assets don't amount to much yet. saved assets without the restricted stock (they are not RSUs) are sufficient to retire. >>Perhaps as different point of view, if the RSU is counted as stock and as a consequenc...
by gips
Tue Mar 15, 2016 7:09 pm
Forum: Investing - Theory, News & General
Topic: characterizing restricted stock for asset allocation
Replies: 13
Views: 885

Re: characterizing restricted stock for asset allocation

thanks, sorry, should have been clearer. I own the stock but can't sell for another year...so I will definitely receive the stock. the stock-equity thing was a typo.
by gips
Tue Mar 15, 2016 6:50 pm
Forum: Investing - Theory, News & General
Topic: characterizing restricted stock for asset allocation
Replies: 13
Views: 885

characterizing restricted stock for asset allocation

Hi, for the sake of this example, let's say my projected nest egg is $5. Two dollars is composed of a restricted small cap stock that can't be sold for another year. That leaves $3 to allocate now. (edit: I own the stock but can't sell for another year) My vanguard adviser has said to ignore the $2 ...
by gips
Sat Mar 12, 2016 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: avoiding premium customer service bank fees
Replies: 3
Views: 573

avoiding premium customer service bank fees

Hi, I've used citibank for many years, have generally been happy with them. The last couple of years I had a lot of money flowing through my account and they upgraded me to citigold service. IMO, the best feature of Citigold is the upgraded customer service. For example, I recently had a snafu, it w...

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