Search found 9762 matches

by letsgobobby
Wed Feb 22, 2017 11:23 pm
Forum: Personal Consumer Issues
Topic: Why do you go to restaurants?
Replies: 228
Views: 14314

Re: Why do you go to restaurants?

With good steaks, such as T-bones and ribeye cuts, even my wife and I can cook them deliciously at home with a fry-pan or backyard grill. you expect us to take your word for it? Don't you like OUtback? :twisted: OK, what non-chain restaurant did you end up trying? We tried Happy Sushi. It was OK, b...
by letsgobobby
Wed Feb 22, 2017 8:12 pm
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 30
Views: 2876

Re: anguard opens special offices for $1 million clients

Flagship Customers Only ... Interesting that only 60,000 out of 25 million Vanguard clients are Flagship. At least half of them must be Bogleheads! On a more somber note... can you imagine marking yourself an easier target for robbery, burglary, or kidnapping, than driving up to a store whose marqu...
by letsgobobby
Wed Feb 22, 2017 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: BH thoughts on Time shares
Replies: 35
Views: 1800

Re: BH thoughts on Time shares

We consider the value very reasonable for the annual maintenance and trade fees. Our resale price for the 2 units was well under 10% of what the original owners paid (but no free dinner :wink: ). This is the key to timesharing. If you find a unit you like, and can buy it for 0.1% or 1.0% or 10% of ...
by letsgobobby
Wed Feb 22, 2017 4:37 pm
Forum: Personal Consumer Issues
Topic: Anniversary Trip Recommendations
Replies: 30
Views: 1770

Re: Anniversary Trip Recommendations

Decided to book 3 nites at the Omni in San Francisco, which had a pretty good rate ($200 without parking). It appears to be in a nice location. Anyone know anything about saving on parking? We will be driving and I don't plan on driving my car while there, but instead relying on public transportati...
by letsgobobby
Wed Feb 22, 2017 2:09 pm
Forum: Personal Consumer Issues
Topic: Why do you go to restaurants?
Replies: 228
Views: 14314

Re: Why do you go to restaurants?

flyingaway wrote:With good steaks, such as T-bones and ribeye cuts, even my wife and I can cook them deliciously at home with a fry-pan or backyard grill.

you expect us to take your word for it? Don't you like OUtback? :twisted:

OK, what non-chain restaurant did you end up trying?
by letsgobobby
Tue Feb 21, 2017 10:10 pm
Forum: Personal Consumer Issues
Topic: Why do you go to restaurants?
Replies: 228
Views: 14314

Re: Why do you go to restaurants?

I don't agree this would produce a 'restaurant quality steak'. Most high end steakhouses are cooking using a 900-1400 degree oven. Balderdash! A campfire "can" reach temperatures of up to 930 degrees. Nobody is cooking steaks in a restaurant at 900 - 1400 degrees. Please...! Don't buy int...
by letsgobobby
Tue Feb 21, 2017 9:45 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my portfolio (managing large windfall)
Replies: 4
Views: 562

Re: Help with my portfolio (managing large windfall)

I think your plan is good - simple, appropriate, not too risky. You said asset preservation is a priority and this portfoliio accomplishes that. As for EE and I bonds, we buy them but only started with the EE bonds in our early 40s. Didn't want to have EE bonds reach 20 years when we were in our 50s...
by letsgobobby
Tue Feb 21, 2017 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: Is 60/40 too conservative for 31 year old?
Replies: 51
Views: 3682

Re: Is 60/40 too conservative for 31 year old?

My wife and I have been looking at our retirement accounts and we are thinking of switching from age in bonds to 60/40 for the long haul. We currently max our 401k's and Roth's and also invest an additional amount usually around 20k in a CD or Total Stock Market fund based on our allocation needs. ...
by letsgobobby
Tue Feb 21, 2017 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: Is 60/40 too conservative for 31 year old?
Replies: 51
Views: 3682

Re: Is 60/40 too conservative for 31 year old?

My wife and I have been looking at our retirement accounts and we are thinking of switching from age in bonds to 60/40 for the long haul. We currently max our 401k's and Roth's and also invest an additional amount usually around 20k in a CD or Total Stock Market fund based on our allocation needs. ...
by letsgobobby
Tue Feb 21, 2017 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: Windfall, investing, insurance?
Replies: 39
Views: 1671

Re: Windfall, investing, insurance?

I am definitely not a financial planner - one man's opinion. But the last thing I'd be looking at is whole life. Send that guy packing. excellent advice...I'm writing this down. I've also been considering a laddered term insurance, something like a 10-year and a 20-year policy w/ different values. ...
by letsgobobby
Tue Feb 21, 2017 3:45 pm
Forum: Personal Consumer Issues
Topic: Why do you go to restaurants?
Replies: 228
Views: 14314

Re: Why do you go to restaurants?

Restaurant style steak: Cast iron skillet. Season with kosher salt and fresh ground black pepper, sear the meat in some high quality oil 1-2 minutes on each side. Put cast iron skillet with steak in it in the oven at 425 for another 2-3 minutes. Remove from oven, put a dab of butter on the steak. D...
by letsgobobby
Tue Feb 21, 2017 2:30 pm
Forum: Personal Consumer Issues
Topic: Why do you go to restaurants?
Replies: 228
Views: 14314

Re: Why do you go to restaurants?

Thirty or forty years ago eating out was a special occasion event for my family. Now, eating seems much more commonplace and an everyday thing for some people. It is an everyday thing for a lot of people. According to recent research, Americans now spend more eating out than they do on groceries an...
by letsgobobby
Mon Feb 20, 2017 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: 20% bonds: why bother at 48?
Replies: 131
Views: 6152

Re: 20% bonds: why bother at 48?

yes, you are too aggressive unless you can live on half your current income AND a portfolio that falls in half and doesn't recover for many years. Could you explain that one? I get that Klangfool is a financial-prepper, but this statement is beyond me. Unless you're gearing up to make early withdra...
by letsgobobby
Mon Feb 20, 2017 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: 20% bonds: why bother at 48?
Replies: 131
Views: 6152

Re: 20% bonds: why bother at 48?

Interesting point @cherijoh but by that logic, shouldn't I be in an 'in-retirement' allocation now, since I never know when I'll be retired? Your points are a good argument that why a 3 month emergency fund isn't enough. -Mike yes, you are too aggressive unless you can live on half your current inc...
by letsgobobby
Mon Feb 20, 2017 12:24 pm
Forum: Investing - Theory, News & General
Topic: economics of landlording
Replies: 45
Views: 3762

Re: economics of landlording

Not quite enough information provided to give an exact recommendation. Some considerations: Negatives: *$1.5k/mo on a $250k property is not very attractive (middle-low for SFH) *Most RE markets are richly valued and might be good time to get out *Requiring a manager Positives: *On-cash returns are ...
by letsgobobby
Mon Feb 20, 2017 12:46 am
Forum: Investing - Theory, News & General
Topic: economics of landlording
Replies: 45
Views: 3762

Re: economics of landlording

Everything I've ever read suggests a monthly rent of 0.5-1% of the current value is a good/typical real estate investment, my hypothetical is 0.8%. You must have unusual metrics to 'instant pass' something so solidly in the middle of all the recommendations I have seen - but I am definitely not an ...
by letsgobobby
Sun Feb 19, 2017 7:51 pm
Forum: Investing - Theory, News & General
Topic: economics of landlording
Replies: 45
Views: 3762

Re: economics of landlording

Of course having a mortgage would decrease your net rental income, but it would also add principal reductions to your total annual return. So it changes the picture dramatically. Interest reduces returns - check But how does principal reduction improve them? Am I not just moving money from one very...
by letsgobobby
Sun Feb 19, 2017 6:36 pm
Forum: Investing - Theory, News & General
Topic: economics of landlording
Replies: 45
Views: 3762

Re: economics of landlording

Of course having a mortgage would decrease your net rental income, but it would also add principal reductions to your total annual return. So it changes the picture dramatically. Interest reduces returns - check But how does principal reduction improve them? Am I not just moving money from one very...
by letsgobobby
Sun Feb 19, 2017 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Moving assets to taxable accounts for inheritance
Replies: 9
Views: 1081

Re: Moving assets to taxable accounts for inheritance

What about doing Roth conversions after they have satisfied their RMD? Same tax cost as withdrawal but keeps the money in Roth tax advantaged accounts. The money that they have to withdraw to satisfy RMD can be invested in taxable accounts if not needed to meet expenses. The taxes on the excess / c...
by letsgobobby
Sun Feb 19, 2017 5:02 pm
Forum: Investing - Theory, News & General
Topic: economics of landlording
Replies: 45
Views: 3762

Re: economics of landlording

While there are very real considerations and obligations to being a landlord, I am surprised that posters are sniffing at a 4-5% return when there is also lots of talk about a realistic SWR in the future being 3% or that 4% is overly optimistic. I would keep it until I found something that was bett...
by letsgobobby
Sun Feb 19, 2017 3:52 pm
Forum: Investing - Theory, News & General
Topic: economics of landlording
Replies: 45
Views: 3762

Re: economics of landlording

This isn't a great rental property. After your basic fixed expenses (tax, ins and mgmt) you are only making $10,000 a year of the $250K asset for a total ROI of 4.0%. That's not great for a rental property; you should be making well above that to make the hassles and lack of liquidity worth it. Oth...
by letsgobobby
Sun Feb 19, 2017 2:35 pm
Forum: Investing - Theory, News & General
Topic: economics of landlording
Replies: 45
Views: 3762

Re: economics of landlording

This isn't a great rental property. After your basic fixed expenses (tax, ins and mgmt) you are only making $10,000 a year of the $250K asset for a total ROI of 4.0%. That's not great for a rental property; you should be making well above that to make the hassles and lack of liquidity worth it. Oth...
by letsgobobby
Sun Feb 19, 2017 12:37 pm
Forum: Investing - Theory, News & General
Topic: economics of landlording
Replies: 45
Views: 3762

Re: economics of landlording

I would calculate the return based on net after-tax income divided by the value you would actually receive from a sale. We don't know your basis, when it was bought for what, etc. Should you keep it? It can be a great inflation hedge as long as you think your local market would keep pace with infla...
by letsgobobby
Sun Feb 19, 2017 12:05 pm
Forum: Investing - Theory, News & General
Topic: economics of landlording
Replies: 45
Views: 3762

economics of landlording

I own a single family rental that is valued at $250k and I collect $1500 in rent, is this a good long term investment? By long term I mean as long as the assumptions don't change. Assumptions: no mortgage $4000 per year in taxes and insurance $2500 per year in repairs and maintenance It seems to me ...
by letsgobobby
Fri Feb 17, 2017 12:43 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 80
Views: 4874

Re: Tesla Model 3 or Chevy Bolt?

I knew Tesla reliability hadn't been great, but I hadn't realized it was quite so bad. Thanks for that info. If it doesn't improve, no way I will buy a 3. The model S reliability is creeping towards average. The Model X has been a disaster. The 3 probably will not have anywhere the amount of stupid...
by letsgobobby
Fri Feb 17, 2017 12:40 am
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 80
Views: 4874

Re: Tesla Model 3 or Chevy Bolt?

I knew Tesla reliability hadn't been great, but I hadn't realized it was quite so bad. Thanks for that info. If it doesn't improve, no way I will buy a 3.
by letsgobobby
Thu Feb 16, 2017 1:49 am
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 80
Views: 4874

Re: Tesla Model 3 or Chevy Bolt?

The Bolt is getting very positive reviews and will have 2+ years head start over the Model 3 not to mention the time to work thru the pre-orders. Imagine the kinks that can be worked out in 2 years (maybe even nearing time for a refresh). Should get federal tax credits on the Bolt whereas for most ...
by letsgobobby
Thu Feb 16, 2017 1:14 am
Forum: Personal Finance (Not Investing)
Topic: Physician contract restrictive covenant
Replies: 23
Views: 1589

Re: Physician contract restrictive covenant

my employer has a 2 year, 45 mile no compete and they never negotiate. that extends into another state. hard to say how enforceable it is but they have definitely threatened to try.
by letsgobobby
Wed Feb 15, 2017 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: Stock Market Fears
Replies: 54
Views: 5353

Re: Stock Market Fears

I don't mind missing a market upturn. I worry more about a loss at this point. I think lowering our stock allocation might help me sleep better at night for now. I can always increase it later if need be. this is a great idea. if you post in the suggested format you will get more specific advice, b...
by letsgobobby
Wed Feb 15, 2017 5:17 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 80
Views: 4874

Re: Tesla Model 3 or Chevy Bolt?

I'm going with Tesla. My problem with the Bolt is my perception of Chevy's reliability (or lack thereof). The Volt hasn't had a great track record. And you think Telsa has a great track record? What are you perceptions of Tesla's reliability? I'm surprised you feel Tesla's current lineup is more re...
by letsgobobby
Wed Feb 15, 2017 4:37 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 80
Views: 4874

Re: Tesla Model 3 or Chevy Bolt?

I'm going with Tesla. I am on the wait list for the 3, hopefully high enough up that I will get the federal tax credit.

My problem with the Bolt is my perception of Chevy's reliability (or lack thereof). The Volt hasn't had a great track record.
by letsgobobby
Wed Feb 15, 2017 2:35 pm
Forum: Investing - Theory, News & General
Topic: Does Micheal Kitces Rising Retirement Glidepath Still have legs
Replies: 47
Views: 3737

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 letsgobobby
Wed Feb 15, 2017 1:00 pm
Forum: Personal Consumer Issues
Topic: Why do you go to restaurants?
Replies: 228
Views: 14314

Re: Why do you go to restaurants?

How can people who go out to eat once per year really have an informed opinion about eating out? There are 7000 restaurants in my city alone, and probably 10,000 have been open over the last five years. Going out to eat five times in five years by definition can't be representative of the 'dining o...
by letsgobobby
Wed Feb 15, 2017 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: -$280k Net Worth Has Me Up At Night
Replies: 68
Views: 8786

Re: -$280k Net Worth Has Me Up At Night

Evening BH’s, Below is a complete snapshot of our financials and a brief explanation of what’s going on– while my wife is going through school to become a nurse we currently save 26% of post-tax income. We recognize needs vs wants and do not sacrifice our savings rate. My concern is our negative ne...
by letsgobobby
Wed Feb 15, 2017 11:06 am
Forum: Investing - Theory, News & General
Topic: Does Micheal Kitces Rising Retirement Glidepath Still have legs
Replies: 47
Views: 3737

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 letsgobobby
Tue Feb 14, 2017 7:11 pm
Forum: Personal Consumer Issues
Topic: Why do you go to restaurants?
Replies: 228
Views: 14314

Re: Why do you go to restaurants?

How can people who go out to eat once per year really have an informed opinion about eating out? There are 7000 restaurants in my city alone, and probably 10,000 have been open over the last five years. Going out to eat five times in five years by definition can't be representative of the 'dining ou...
by letsgobobby
Sun Feb 12, 2017 11:37 pm
Forum: Personal Consumer Issues
Topic: Travel Tips: Grand Canyon and South or Central America
Replies: 9
Views: 515

Re: Travel Tips: Grand Canyon and South or Central America

DH and I are planning to visit Grand Canyon in late April-- is it better to go from Phoenix or Vegas? Your lodging, sites, restaurant and other recommendations are appreciated. Also, thinking of taking a trip to South or Central America later in the year. Which place do you recommend and why? We lo...
by letsgobobby
Sun Feb 12, 2017 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: How Much Cash Do You Actually Hold?
Replies: 101
Views: 8384

Re: How Much Cash Do You Actually Hold?

we keep 3-4 mo of living expenses in true cash (checking accounts). then our fixed income allocation includes EE and I bonds, TBM and stable value, intermediate munis.
by letsgobobby
Sun Feb 12, 2017 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Which 25X is it? [Planning for retirement]
Replies: 51
Views: 3032

Re: Which 25X is it?

10YearPlan wrote: I have been using 25x expenses (B). But in my case, pensions are not part of the equation, and we'd count social security as gravy/buffer.

agree.
by letsgobobby
Sat Feb 11, 2017 12:19 pm
Forum: Personal Consumer Issues
Topic: Why do you go to restaurants?
Replies: 228
Views: 14314

Re: Why do you go to restaurants?

Maybe I got this wrong. When I go to a restaurant, I usually order expensive stuffs, such as steaks or lobsters or other fish items, almost never pork or chicken, as I think those are cheap and not worth a trip to restaurants. In my mind, I do not consider McDonalds or Chipotle as "restaurants...
by letsgobobby
Sat Feb 11, 2017 10:55 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1288
Views: 210672

Re: What are you up YTD? [Year To Date]

My results for 2016: Overall portfolio IRR +6.7% (AA 70-30, EU investor, age 37) I see people congratulating themselves on a good year 2016, I hope they're all in retirement. Personally at this stage of my life I only see prices going up and am thinking "this is expensive, I hope this goes dow...
by letsgobobby
Sat Feb 11, 2017 9:52 am
Forum: Personal Consumer Issues
Topic: Why do you go to restaurants?
Replies: 228
Views: 14314

Re: Why do you go to restaurants?

Eat out is very expensive and waste of time $11 for a bowl of ramen noodles at our local Japanese restaurants and usually 30 minutes wait. Some ramen noodles restaurants in California charge $20 for a bowl and 1 hour wait. tell me about the ramen you make at home and how it compares. twenty five ce...
by letsgobobby
Fri Feb 10, 2017 10:52 pm
Forum: Personal Consumer Issues
Topic: Why do you go to restaurants?
Replies: 228
Views: 14314

Re: Why do you go to restaurants?

After reading all the replies so far, I can say that I am still not convinced that I should go to eat at restaurants more often. By the way, the restaurant that we usually go when we want to is Red Lobster restaurant. oh dear, no wonder you don't go out to eat more often. My family has a rule: no r...
by letsgobobby
Fri Feb 10, 2017 10:21 pm
Forum: Personal Consumer Issues
Topic: Why do you go to restaurants?
Replies: 228
Views: 14314

Re: Why do you go to restaurants?

You may just not be a person who will ever enjoy going out to eat, which is fine. Not everyone has to like and enjoy the same things. You might as well post, why do people watch the Superbowl? Or why do people go to the movies? Or why do people travel? Or why do people play video games? +1. Not rea...
by letsgobobby
Thu Feb 09, 2017 4:33 pm
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 250
Views: 8772

Re: Your USER NAME...what does it mean?

nickname playing craps
by letsgobobby
Thu Feb 09, 2017 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Life estate at death
Replies: 20
Views: 1616

Re: Life estate at death

can you define a 'life estate' for a layperson?
by letsgobobby
Thu Feb 09, 2017 2:14 am
Forum: Personal Consumer Issues
Topic: Saved too much? What do you splurge on?
Replies: 90
Views: 8643

Re: Saved too much? What do you splurge on?

One suggestion would be to hire a personal trainer and nutritionist to help you stay in the best shape possible. I like this idea. Especially someone trained in geriatric nutrition, physical training, recovery, healing, etc. Having a really dynamic but safe workout specifically designed for you wou...
by letsgobobby
Wed Feb 08, 2017 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Is it better to get a mortgage from a local/small lender?
Replies: 27
Views: 2278

Re: Is it better to get a mortgage from a local/small lender?

In the decent-to-nicer areas, market-priced houses are scheduled to review and pick the best offer in 1 week or less on the market. This was true even over the holidays in Nov/Dec 2016. JP Your biggest problem is going to be the appraisal. In your market, appraisers can get way behind, so even if t...
by letsgobobby
Wed Feb 08, 2017 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Is it better to get a mortgage from a local/small lender?
Replies: 27
Views: 2278

Re: Is it better to get a mortgage from a local/small lender?

You should go with the lender offering you the best rate, whether it's a local one or not. Most banks re-sell mortgages on the secondary mortgage market anyway. So it's likely that regardless of which bank you use, you'll one day receive a letter informing you that a different bank now owns your ho...
by letsgobobby
Tue Feb 07, 2017 10:14 pm
Forum: Investing - Theory, News & General
Topic: Do you think Ric Edelman is correct, never pay down mortgage
Replies: 407
Views: 62014

Re: Do you think Ric Edelman is correct, never pay down mortgage

for the average American his advice is bad because the average American will spend the extra money on doughnuts and eating at Starbucks. but for sophisticated and disciplined investors his approach is likely to lead to greater wealth accumulation in the long run.

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