Search found 35 matches

by nick evets
Sat Mar 25, 2017 12:22 pm
Forum: Investing - Theory, News & General
Topic: Justification for Adding REITs
Replies: 56
Views: 3329

Re: Justification for Adding REITs

Doc wrote:I think there is a misconception here. It is not that REITS are not publically traded it is just that many of them are not listed on a major stock exchange and therefore don't get into an Equity Index.


In the context of this discussion, would you consider public, non-traded REITs to be...REITs?
by nick evets
Sat Mar 25, 2017 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Are Bogleheads in the minority on the use of investment advisors?
Replies: 86
Views: 4816

Re: Are Bogleheads in the minority on the use of investment advisors?

The crux of the issue is whether personal finance is in need of either advice or experts. The general importance of this forum is that people can do perfectly well without enlisting either advice or experts. In place of both comes some effort to learn fundamentals that anyone can understand and a w...
by nick evets
Fri Mar 24, 2017 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Are Bogleheads in the minority on the use of investment advisors?
Replies: 86
Views: 4816

Re: Are Bogleheads in the minority on the use of investment advisors?

I've related our experience in a couple other threads, but our relationship came to an unhappy end after 3 years -- discovering this site was helpful (sort of the photographic proof of the infidelity) -- but even prior I had my suspicions, once I really looked at what we owned. It shouldn't be this ...
by nick evets
Wed Mar 22, 2017 2:57 pm
Forum: Personal Consumer Issues
Topic: How do I share internet with my neighbor?
Replies: 17
Views: 1341

Re: How do I share internet with my neighbor?

How far is his house? close enough to run/bury a Cat5e cable and bridge his router to yours? The difficulty is more ethical than technical.
by nick evets
Wed Mar 22, 2017 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Do I owe my Financial Advisor a Fee for part of this year?
Replies: 6
Views: 591

Re: Do I owe my Financial Advisor a Fee for part of this year?

In your online Ameriprise account, you should see the bill and past statements with dates. If you just received an invoice for 2017, why would you owe anything? Again, see when you've paid, and when the 'fee' is due. If it's in the future, the correct question should be, "can I get some percent...
by nick evets
Wed Mar 22, 2017 12:18 pm
Forum: Investing - Theory, News & General
Topic: Very basic undertanding of taxable and tax-advantaged accounts
Replies: 12
Views: 696

Re: Very basic undertanding of taxable and tax-advantaged accounts

Thanks, all - very helpful and I know considerably more than I did before asking. :sharebeer
by nick evets
Wed Mar 22, 2017 9:56 am
Forum: Investing - Theory, News & General
Topic: Very basic undertanding of taxable and tax-advantaged accounts
Replies: 12
Views: 696

Re: Very basic undertanding of taxable and tax-advantaged accounts

Thanks, all -- I ordered the Boglehead's Guide to Retirement Planning from Amazon. Getting it tomorrow, free shipping -- amazing. Ought to buy Amaz-- :) Seriously, this is very helpful. So I guess two more things to ponder in the meantime: 1) The ROTH contribution limits ($6500) are lifted if I rol...
by nick evets
Wed Mar 22, 2017 9:09 am
Forum: Investing - Theory, News & General
Topic: Very basic undertanding of taxable and tax-advantaged accounts
Replies: 12
Views: 696

Re: Very basic undertanding of taxable and tax-advantaged accounts

Thanks, all -- I ordered the Boglehead's Guide to Retirement Planning from Amazon. Getting it tomorrow, free shipping -- amazing. Ought to buy Amaz-- :) Seriously, this is very helpful. So I guess two more things to ponder in the meantime: 1) The ROTH contribution limits ($6500) are lifted if I roll...
by nick evets
Wed Mar 22, 2017 8:38 am
Forum: Investing - Theory, News & General
Topic: Very basic undertanding of taxable and tax-advantaged accounts
Replies: 12
Views: 696

Very basic undertanding of taxable and tax-advantaged accounts

All, I'm completely confused trying to follow various discussions on tax-advantaged accounts, taxable accounts, and who does what and why, since this is usually a starting point for some complicated strategy. Suggestions for a good book or links you've found helpful would be appreciated. At a high l...
by nick evets
Wed Mar 22, 2017 7:56 am
Forum: Personal Consumer Issues
Topic: Car Vandalism During Cross-Country Drive
Replies: 41
Views: 3260

Re: Car Vandalism During Cross-Country Drive

If you're worried about your car being vandalized, the drug that's most likely to cause your fears to be realized is....alcohol.

Stay away from college towns and Frat houses.

:beer
by nick evets
Wed Mar 22, 2017 6:46 am
Forum: Personal Consumer Issues
Topic: Anybody using the TERMINAL over the GUI in ubuntu?
Replies: 45
Views: 2290

Re: Anybody using the TERMINAL over the GUI in ubuntu?

saj wrote:Terminal is for servers. There are very, very few cases where a GUI is acceptable on a production server. I have yet find one.


Eh?

Many many datacenters, and enterprise environments run Windows Server, and/or leverage Active Directory, VMWare, etc. etc.
by nick evets
Tue Mar 21, 2017 3:02 pm
Forum: Personal Consumer Issues
Topic: Anybody using the TERMINAL over the GUI in ubuntu?
Replies: 45
Views: 2290

Re: Anybody using the TERMINAL over the GUI in ubuntu?

It's horse for courses....Discounting folks that are just curmudgeonly, or bizarre. I think what you're really asking is who spends time (presumably for other-than-business reasons) in the command shell of the OS, vs the GUI environment? With Windows -- rarely to occasionally. MacOS quite often, and...
by nick evets
Mon Mar 20, 2017 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: Planning if you don't care to leave an estate....
Replies: 32
Views: 2587

Re: Planning if you don't care to leave an estate....

Thanks all -- I think I like these SPIA's, and hadn't thought about laddering. While I'm not here yet -- another 5-6 years -- I think what makes the most sense is to obtain a joint annuity that will cover an expense 'floor', then worry about how to cover the gap with the rest of the portfolio, and t...
by nick evets
Sun Mar 19, 2017 8:56 am
Forum: Investing - Help with Personal Investments
Topic: Should I leave Ameriprise?
Replies: 56
Views: 5358

Re: Should I leave Ameriprise?

We made the mistake of my wife trusting a friend who raved about her advisor -- said he saved her during the 2008 crisis, etc. We were naive; good enough for us. Quit 6 days ago: have sold all the assets we could (some we can't) and are in the process of transferring. This company's model is wretche...
by nick evets
Sun Mar 19, 2017 6:47 am
Forum: Investing - Help with Personal Investments
Topic: Planning if you don't care to leave an estate....
Replies: 32
Views: 2587

Re: Planning if you don't care to leave an estate....

You advisor probably dismissed them because he wouldn't get a piece of the pie in terms of commissions or AUM fees. Probably. He's no longer our advisor. Rather than counting them as bonds, you could consider using a "floor and upside" approach. Buy enough annuities to cover basic living ...
by nick evets
Sat Mar 18, 2017 11:17 am
Forum: Investing - Help with Personal Investments
Topic: Planning if you don't care to leave an estate....
Replies: 32
Views: 2587

Re: Planning if you don't care to leave an estate....

Thanks all! I do like the idea of a SPIA -- our advisor dismissed them out of hand, arguing the poor return, but they seems as reasonable as anything, and would allow any balance to remain in equities: ie, the SPIA could work as the 'bond' portion? Unknown of course is SS: I'm 51 and my wife is 55. ...
by nick evets
Sat Mar 18, 2017 9:51 am
Forum: Investing - Help with Personal Investments
Topic: Planning if you don't care to leave an estate....
Replies: 32
Views: 2587

Planning if you don't care to leave an estate....

Now that we've left our advisor, I've been doing some retirement planning through various tools (Fidelity, and Financial Engines, through work -- FireCalc and my own spreadsheet, privately), and I'm more or less in the same range. But one factor is, we don't have children, and except for some money ...
by nick evets
Sat Mar 18, 2017 7:27 am
Forum: Personal Finance (Not Investing)
Topic: conflict of interest [CFA vs. fiduciary]
Replies: 27
Views: 1902

Re: conflict of interest [CFA vs. fiduciary]

Luckily, the internet is a wonderful thing, and all the information a person needs to learn is readily available at their fingertips, thanks to places like this forum. Yes, and that's further evidence that the paradigm is broken, from my limited, but personal and painful experience. With other serv...
by nick evets
Sat Mar 18, 2017 7:04 am
Forum: Personal Consumer Issues
Topic: When does a new computer make sense...
Replies: 27
Views: 1679

Re: When does a new computer make sense...

Hi, Just asking for some advice and thoughts on new computers. I remember the "hayday" of computers when capabilities were growing so fast I would literally buy one every two years or so. However, since about 2005 or so, I have seen very little compelling evidence to go get a new one. I h...
by nick evets
Thu Mar 16, 2017 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Purchase and Sale of home: pearls of advice
Replies: 29
Views: 2320

Re: Purchase and Sale of home: pearls of advice

Hmm.... Expecting a 'home inspection' to uncover real issues is like having a neighbor drive a prospective car purchase around the block, once, and tell you what's wrong with it. After you've bought the house, but before you've moved in, is the golden opportunity for any change/painting/etc you wish...
by nick evets
Thu Mar 16, 2017 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: conflict of interest [CFA vs. fiduciary]
Replies: 27
Views: 1902

Re: conflict of interest [CFA vs. fiduciary]

[much good stuff deleted...] You're not just paying for the fund - or you shouldn't be. I agree. IF there's complete trust and disclosure, then yes. So you understand what you're buying or not buying or have some reasonable expectation of trust and performance. But all that is completely lost is th...
by nick evets
Thu Mar 16, 2017 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Convincing Someone To Dump A Bad Financial Advisor
Replies: 39
Views: 3129

Re: Convincing Someone To Dump A Bad Financial Advisor

Did your mother ask for your advice? If the answer is no, then you should mind your own business and stay out of it. Unsolicited advice is rarely welcomed and almost never followed. +1 I'm always, amazed, too, how children have no credibility. My wife is a PharmD, and her mother won't listen to a w...
by nick evets
Thu Mar 16, 2017 7:02 am
Forum: Personal Finance (Not Investing)
Topic: conflict of interest [CFA vs. fiduciary]
Replies: 27
Views: 1902

Re: conflict of interest [CFA vs. fiduciary]

This is not the subject of the thread. But broadly speaking this board has an impossible time understanding the fiduciary standard... as though it is negatively correlated with cost (which its not). Now, to be fair much of the obfuscation is industry and money driven, but just because a characteris...
by nick evets
Wed Mar 15, 2017 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: conflict of interest [CFA vs. fiduciary]
Replies: 27
Views: 1902

Re: conflict of interest [CFA vs. fiduciary]

Thx LadyGeek....Our advisor is a CFP®. From the links, it looks like that mandates a fiduciary duty? When I go to the "Investment Adviser" link he's also registered as a licensed Investment Adviser. No complaints on either the FINRA or CFP websites. How can selling non-traded REITs with ze...
by nick evets
Wed Mar 15, 2017 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: conflict of interest [CFA vs. fiduciary]
Replies: 27
Views: 1902

Re: conflict of interest

We're unwinding our 3-yr relationship with a CFP, and had some very ugly words on this subject, as leaving. I'm not licensed to practice medicine, and when a family member is ill I anticipate our doctor will charge us, yes, but also deliver care in the patient's best interest -- not chose care that ...
by nick evets
Tue Mar 14, 2017 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: loose stock vs. 401k vs. ROTH IRA
Replies: 9
Views: 456

Re: loose stock vs. 401k vs. ROTH IRA

Play the market and emergency account don't belong in the same sentence. Chances are you'll need cash just when the play money is down 50%, and that will be the least likely source of cash you will tap. Make a decision and call it play money and don't even consider it for other uses, since there's ...
by nick evets
Mon Mar 13, 2017 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: loose stock vs. 401k vs. ROTH IRA
Replies: 9
Views: 456

Re: loose stock vs. 401k vs. ROTH IRA

If retiring before 59.5 it might be wise to review your asset split between taxable, traditional, and Roth and make sure you have sufficient accessible funds for early retirement. Thanks, that is a good point. Because my wife is 5 years older, she'll have access to her 401k-like plan, but we haven'...
by nick evets
Mon Mar 13, 2017 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: loose stock vs. 401k vs. ROTH IRA
Replies: 9
Views: 456

Re: loose stock vs. 401k vs. ROTH IRA

Thx all -- I'm 51, and my wife is 56. We hope to partially retire -- in 4-5 years. So I'm on the fence. I enjoy having a small fund to use to 'play the market,' and I like have the money available as sort of a second tier emergency account....OTOH, I do hate not funding a 401k fully. Something I did...
by nick evets
Mon Mar 13, 2017 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: loose stock vs. 401k vs. ROTH IRA
Replies: 9
Views: 456

loose stock vs. 401k vs. ROTH IRA

Filing our taxes this year, I notice my our AGI is just under the limit for ROTH IRA contributions. I max out my 401k plan ($24k/yr) and until recently, my wife maxed hers out, as well -- but we're short cash, and she's just contributing enough for the match (approx $8000 ). I have approx $30k of va...
by nick evets
Sat Mar 11, 2017 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: leaving advisor - dealing with rollover, REITs, etc
Replies: 7
Views: 521

Re: leaving advisor - dealing with rollover, REITs, etc

I've never heard of a designation called Certified Financial Advisor, so that's suspicious right there. Have the REIT dividends go into a money market fund at the same place for now. Every few months, roll that money over some place else. Sorry -- I should have said "Certified Financial Planne...
by nick evets
Sat Mar 11, 2017 9:48 am
Forum: Investing - Help with Personal Investments
Topic: leaving advisor - dealing with rollover, REITs, etc
Replies: 7
Views: 521

leaving advisor - dealing with rollover, REITs, etc

First many thanks for guidance and suggestions in a previous thread. My wife rolled over her 401k from a previous job to a private brokerage (affiliated with a large financial services co.), and the account is managed by a Certified Financial Advisor. She's been working for the Federal Government fo...
by nick evets
Fri Mar 03, 2017 11:51 am
Forum: Investing - Help with Personal Investments
Topic: issues with trusting CFP advice, our portfolio, and bond fund
Replies: 20
Views: 1770

Re: issues with trusting CFP advice, our portfolio, and bond fund

If he recommended non traded REITs, it's because he received a 12,15% commission to do so. (Source: http://www.financial-planning.com/news/commissions-exposed-adviser-stops-selling-nontraded-reits) As such he is not a fee-only fiduciary advisor. If you are going to use an advisor get one who promis...
by nick evets
Thu Mar 02, 2017 9:05 am
Forum: Investing - Help with Personal Investments
Topic: issues with trusting CFP advice, our portfolio, and bond fund
Replies: 20
Views: 1770

Re: issues with trusting CFP advice, our portfolio, and bond fund

Why do you allow this person to manage your money yet come on here and complain about their choices? Dump them and manage yourself. Clearly you have a head on your shoulder and know where to ask for non biased advice (here!). What is the ER of the funds this advisor has you in? I'm not necessarily ...
by nick evets
Wed Mar 01, 2017 7:15 pm
Forum: Investing - Help with Personal Investments
Topic: issues with trusting CFP advice, our portfolio, and bond fund
Replies: 20
Views: 1770

Re: issues with trusting CFP advice, our portfolio, and bond fund

It did make about 2% last year. Sorry that was a tilde (~) not a (-). :) He hasn't put us in anything yet. That's the question -- after selling some of the stock fund, move the cash out of the managed account into her TSP G fund? Or let him suggest some bond funds, and put the money there. I mean, i...
by nick evets
Wed Mar 01, 2017 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: issues with trusting CFP advice, our portfolio, and bond fund
Replies: 20
Views: 1770

issues with trusting CFP advice, our portfolio, and bond fund

First post here, but I've enjoyed reading, though it's been painfully educational at times. Four years ago, my wife left a company and rolled her 401k into an IRA managed by a private financial advisor affiliated with a large firm (Not Vanguard/Schwab or Fidelity). The advisor was highly recommended...

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