Search found 2519 matches

by psteinx
Thu Aug 17, 2017 11:45 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: World Isn't Flat-Invest Accordingly
Replies: 69
Views: 5578

Re: Larry Swedroe: World Isn't Flat-Invest Accordingly

To be clear, I do not count myself among Larry's biggest fans on this forum, and I think it *is* reasonable to debate his (past and/or present) recommendations, his track record, and the like, among other things.
by psteinx
Thu Aug 17, 2017 10:59 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: World Isn't Flat-Invest Accordingly
Replies: 69
Views: 5578

Re: Larry Swedroe: World Isn't Flat-Invest Accordingly

Personally I think the appropriate bogey is/should be a comparable risk portfolio, composed more conventionally (i.e. omitting the value tilt and the commodities, and with the bond exposure broader). As a simple starting point, perhaps one of the Vanguard Target Retirement funds, or one of their bal...
by psteinx
Wed Aug 16, 2017 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Plan for making child pay for part of college
Replies: 111
Views: 5184

Re: Plan for making child pay for part of college

As another said, there's a wide range of kids and parents, and rules that work for one set of circumstances may not work for another. A downside to this process - by the time you can figure out whether your particular strategy worked for your kids, it's too late to do much about it. Even if you have...
by psteinx
Wed Aug 16, 2017 11:40 am
Forum: Investing - Help with Personal Investments
Topic: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio
Replies: 41
Views: 7542

Re: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio

More thoughts: If the cancer is, or becomes, fairly aggressive, and your husband's health declines quickly, then you will not only have a lot of mental stress, but also a very complex, time consuming set of needs and obligations. You're pregnant, you have a toddler, you have an ill husband whose nee...
by psteinx
Wed Aug 16, 2017 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio
Replies: 41
Views: 7542

Re: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio

Sorry for your husband, your family, and all affected. As for financials, the house, etc: 1) It's not clear how long its been since the diagnosis. I would think that in just about any case, before taking a step like moving, you would want to allow some time to elapse (perhaps 3-12 months) to absorb ...
by psteinx
Mon Aug 14, 2017 3:50 pm
Forum: Personal Consumer Issues
Topic: What home task(s) are worth learning to do yourself?
Replies: 45
Views: 4369

Re: What home task(s) are worth learning to do yourself?

Like a lot of other tasks, it's personal. Hard to come up with universal rules. As a comparison: Cooking... Some people enjoy cooking. Some are good at it. Some are both (or neither). The amount a household cooks, versus using simple packaged options or restaurants (dine-in or carry out) will depend...
by psteinx
Mon Aug 14, 2017 10:21 am
Forum: Personal Consumer Issues
Topic: brightest floor lamp to replace old-style halogen torchiere?
Replies: 15
Views: 19432

Re: brightest floor lamp to replace old-style halogen torchiere?

How is your experience with the Sunpark? How many lumens is the Sunpark, and is it bright enough? Wow, this is an old thread. I'm not even sure what the answer is. Mostly, we've moved away from floor lamps. We added ceiling lights to several rooms. It was pricey, but I like the result. I think we d...
by psteinx
Wed Aug 09, 2017 2:53 pm
Forum: Personal Consumer Issues
Topic: Wanting to learn how to play Bridge
Replies: 16
Views: 1381

Re: Wanting to learn how to play Bridge

There are a lot of ways to approach bridge, and the way you teach yourself should be, to some extent, connected to the way you imagine you're likely to play (i.e. in what settings) ultimately. Bridge is (barring some rare-ish exceptions) a 4P game played as a team with a partner against another part...
by psteinx
Mon Aug 07, 2017 9:56 am
Forum: Personal Consumer Issues
Topic: Love your family car? Under $16,000 Used? Please share!
Replies: 39
Views: 4298

Re: Love your family car? Under $16,000? Please share!

1) I don't know CA laws in particular, but I doubt you can easily avoid sales tax by buying across the state line. It's conceivable, but don't get your hopes up. 2) $16K is close to the line of new/used, if you're looking for something pretty small. At that price, you could probably get one of the s...
by psteinx
Thu Jul 27, 2017 1:41 pm
Forum: Personal Consumer Issues
Topic: Is this rental house/vacation property be worth considering?
Replies: 22
Views: 1425

Re: Is this rental house/vacation property be worth considering?

It doesn't sound so great as a rental. Let's say you get it for $125K, and it rents for $825 (when it rents). Let's allow for 7% vacancies, 8% of gross rentals to property management. So you've got 825*12*.93 = $9207 gross/yr, less 8% property management, for a net (before other costs) of $8470. Now...
by psteinx
Wed Jul 26, 2017 10:39 am
Forum: Investing - Theory, News & General
Topic: 5% fee per year to buy s&p500 with principle gaurantee
Replies: 64
Views: 6062

Re: 5% fee per year to buy s&p500 with principle gaurantee

Certainly. But what about adding protection to the stocks component ? Because in the end, it's been demonstrated that you were actually worse off than just choosing a more conservative AA. Basically, what will says. Is it more cost effective, in terms of how much expected return you give up, to low...
by psteinx
Wed Jul 26, 2017 10:10 am
Forum: Investing - Theory, News & General
Topic: 5% fee per year to buy s&p500 with principle gaurantee
Replies: 64
Views: 6062

Re: 5% fee per year to buy s&p500 with principle gaurantee

If you're truly trying to backtest an options strategy, then you need to know not only the returns of the S&P 500 (or whatever vehicle you're contemplating), but also, past prices of options. In a volatile market (say, 2008-9), options are generally much more pricey than in a calm market (say, 2...
by psteinx
Tue Jul 25, 2017 12:47 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: REITs Aren't Special
Replies: 106
Views: 8371

Re: Larry Swedroe: REITs Aren't Special

hoops777 wrote:If I am right his firm called the last 2 crashes?

He has called roughly the last 25 crashes. Unfortunately for HSGFX's investors, only 2 of them have actually happened...
by psteinx
Mon Jul 24, 2017 2:02 pm
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 505
Views: 31619

Re: John Bogle Has Been Right About Investing In International Stocks

Somebody claiming that foreign stock markets return less than US stock markets, at a minimum, should offer a very good reason why. Capital markets today are by and large frontier-less. Well, even if the gross returns are, at least on an expected basis, the same*, does not mean that the net returns,...
by psteinx
Mon Jul 24, 2017 1:55 pm
Forum: Personal Consumer Issues
Topic: Golfers - need to ramp up ASAP!
Replies: 42
Views: 3621

Re: Golfers - need to ramp up ASAP!

Depending on what OP's goals are, lots of practice and a new set of clubs plus perhaps other golf gear may make the problem worse, not better. i.e. If OP shows up, gets rental clubs, says, "Hey, I haven't played for 20 years, but let's just have fun.", I doubt many folks will care much one...
by psteinx
Wed Jul 19, 2017 3:08 pm
Forum: Personal Consumer Issues
Topic: Dutch Elm Disease looming, maybe. Should I fight it?
Replies: 15
Views: 1573

Re: Dutch Elm Disease looming, maybe. Should I fight it?

Found this article:

http://duluthreader.com/articles/2017/0 ... ee-92304-1

with some numbers on Dutch Elm treatment costs in Duluth.

From the numbers mentioned in the article, a $500 cost for a large tree does not seem out of line. Apparently it's not a pricey provider, but rather a pricey treatment in general. :(
by psteinx
Wed Jul 19, 2017 1:39 pm
Forum: Investing - Theory, News & General
Topic: Land purchase / portfolio allocation
Replies: 13
Views: 933

Re: Land purchase / portfolio allocation

Further thoughts - it's a little tricky to evaluate the risk level and optimal structure of the OP's liquid portfolio, given several uncertainties. The "alternative assets" allocation could be rather low risk, quite high risk, or somewhere in-between. Similarly, the deferred comp could be ...
by psteinx
Wed Jul 19, 2017 1:21 pm
Forum: Investing - Theory, News & General
Topic: Land purchase / portfolio allocation
Replies: 13
Views: 933

Re: Land purchase / portfolio allocation

Any other advice you have on my other investments would be appreciated Well, in brief, your non-real estate investments are a bit unconventional, IMO, for someone who is young, high income, high net worth. But in the post above you say you're in financial services, which might partially explain it....
by psteinx
Wed Jul 19, 2017 12:38 pm
Forum: Investing - Theory, News & General
Topic: Land purchase / portfolio allocation
Replies: 13
Views: 933

Re: Land purchase / portfolio allocation

OK, a lot there, and I didn't read every word of it. Nor am I a real estate expert. But some maybe spitball recap and discussion of the situation: House 1: Total value around $680K, of which land is about $500K House 2: Adjacent (I think?) to house 1. Total value around $680K, of which land is about...
by psteinx
Wed Jul 19, 2017 12:20 pm
Forum: Personal Consumer Issues
Topic: Dutch Elm Disease looming, maybe. Should I fight it?
Replies: 15
Views: 1573

Re: Dutch Elm Disease looming, maybe. Should I fight it?

So, I had a tree guy out today. To my recollection and understanding of our conversation: He confirmed that our tree is an elm. He presumed (as did I), that the 2 nearby trees (and a 3rd he spotted) were elms, with Dutch Elm. (We didn't walk over into/across neighboring backyards for closer inspecti...
by psteinx
Mon Jul 17, 2017 10:38 pm
Forum: Personal Consumer Issues
Topic: Dutch Elm Disease looming, maybe. Should I fight it?
Replies: 15
Views: 1573

Dutch Elm Disease looming, maybe. Should I fight it?

We have a very attractive, large, mature tree that I believe to be an Elm. It's got two main trunks, each about 15 inches in diameter (and at least one smaller trunk as well), ~50' high, leafy, broad top. I really like the tree. Dutch Elm has apparently been marching up towards us, and there are two...
by psteinx
Tue Jul 11, 2017 12:26 pm
Forum: Personal Consumer Issues
Topic: Moving a car cross country
Replies: 54
Views: 2729

Re: Moving a car cross country

Another option:

Have one driver drive solo, ahead of time, then fly back and join the other driver for a paired drive with the 2nd vehicle.
by psteinx
Mon Jul 10, 2017 11:00 pm
Forum: Personal Consumer Issues
Topic: Moving a car cross country
Replies: 54
Views: 2729

Re: Moving a car cross country

Shaving a day's travel, splitting 18 hours of driving time with spouse, and spending about half of that time relaxing in the passenger's seat, and all of it in the vehicle with my spouse rather than alone, would have significant value to me. OP's nick suggests a relatively lucrative career. I'd lean...
by psteinx
Mon Jul 10, 2017 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Father Plan for Retirement (messy)
Replies: 26
Views: 2711

Re: Helping Father Plan for Retirement (messy)

The timeshares thing is maybe the biggest red flag here. And it's not just about the fact that he has 5 of them, it's that he's kept buying them, and that, in the future, he may make comparably questionable purchases. Perhaps not more timeshares (though of course that's a possibility), but maybe it'...
by psteinx
Mon Jul 10, 2017 12:26 pm
Forum: Investing - Theory, News & General
Topic: Bill Sharpe's preferred portfolio
Replies: 70
Views: 11676

Re: Bill Sharpe's preferred portfolio

I'm just saying that same logic should probably then be applied to stocks, but often times it is not. That is, if the cap weighted bond market doesn't reflect the needs of an individual's circumstance, why should the cap weighted stock market... Why stop with bonds In a multi-factor equity-risk/ret...
by psteinx
Mon Jul 10, 2017 11:10 am
Forum: Investing - Theory, News & General
Topic: The cost of car ownership
Replies: 51
Views: 3439

Re: The cost of car ownership

I'm: 1) Not a particular fan of the Boglehead moniker in general. Too tied up with one person. Too nebulous. It seems that some of the commonly ascribed "Boglehead" investing principles contrast with some positions held by Jack Bogle himself. 2) Especially not a fan of the notion that thos...
by psteinx
Sat Jul 08, 2017 12:25 am
Forum: Personal Consumer Issues
Topic: Better hurry if you want a gas-engine Volvo
Replies: 96
Views: 4880

Re: Better hurry if you want a gas-engine Volvo

Yeah, citing a neighbor who works at a hedge fund that put in chargers is maybe not such great evidence of mass availability to a broader range of workers. And we did build the interstates and suburbia. But suburbia that was largely car dependent probably hit critical mass in the 1950s, and while th...
by psteinx
Fri Jul 07, 2017 3:15 pm
Forum: Personal Consumer Issues
Topic: Better hurry if you want a gas-engine Volvo
Replies: 96
Views: 4880

Re: Better hurry if you want a gas-engine Volvo

[quote="just frank"]In other words...most people **already** have workable charging options in place for an EV (even if they haven't figured that out yet), and as EVs take off, the fraction of folks that don't have ready access to EV charging will fall to zero.] This is a pretty bold claim...
by psteinx
Fri Jul 07, 2017 2:31 pm
Forum: Personal Consumer Issues
Topic: Better hurry if you want a gas-engine Volvo
Replies: 96
Views: 4880

Re: Better hurry if you want a gas-engine Volvo

One could envision companies that install electric charging in various public spots - be they residential parking lots for apartment buildings or downtown parking garages. And yeah, some companies are probably experimenting with these. But... Getting electricity to a semi-remote location in a parkin...
by psteinx
Fri Jul 07, 2017 1:20 pm
Forum: Personal Consumer Issues
Topic: Better hurry if you want a gas-engine Volvo
Replies: 96
Views: 4880

Re: Better hurry if you want a gas-engine Volvo

Even in suburbia, 100% BEV vehicles would pose some garage issues. We currently have 3 vehicles, but a 2 car garage. More vehicles than useable garage spots is common here. Partially this is the result of a bit of a vehicle glut. But also, folks like to convert one or more garage spaces to other use...
by psteinx
Fri Jul 07, 2017 12:44 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe's Update on Guru's Predictions
Replies: 21
Views: 2541

Re: Larry Swedroe's Update on Guru's Predictions

One "guru" criticizes other "guru"s by cherry picking, ex-post (without really detailing or linking to) supposed predictions, that first "guru" says largely turned out not very accurate.

Mildly amusing perhaps. But not remotely scientific.
by psteinx
Thu Jul 06, 2017 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Residential Home for $125K. Rent for $1,400 / mo.
Replies: 43
Views: 2674

Re: Residential Home for $125K. Rent for $1,400 / mo.

Cap rate doesn't take into account appreciation though, so a 6% cap rate on top of 2-3% appreciation on top of 2% from mortgage reductions on top of some tax advantages isn't a bad deal at all. Cap rate doesn't take principal payments (within an overall mortgage payment) into account. And I think t...
by psteinx
Thu Jul 06, 2017 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Residential Home for $125K. Rent for $1,400 / mo.
Replies: 43
Views: 2674

Re: Residential Home for $125K. Rent for $1,400 / mo.

Cap rate of 5.9% seems about right. But what about the cap rate if I buy it with 20% down and a 15 year loan at 3.5% interest? Still not compelling, IMO. That said, do you really think you can get 3.5% rates on investment properties with 20% down and without other high fees? (Legit question, I don'...
by psteinx
Thu Jul 06, 2017 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Residential Home for $125K. Rent for $1,400 / mo.
Replies: 43
Views: 2674

Re: Residential Home for $125K. Rent for $1,400 / mo.

Here's a typical example in my state: - House sells for $125-$130K. - Rents for $1,200 to $1,400 a month. - Property taxes about $4,000 a year. - Insurance is $800-$1,000 - Maintenance is $1,200 to $1,500 per year. - I can easily buy 5 or more homes like this with just 20% cash down payment. OK, so...
by psteinx
Wed Jul 05, 2017 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: What is the advantage of deferring taxes vs paying them up front?
Replies: 57
Views: 5064

Re: What is the advantage of deferring taxes vs paying them up front?

My example is for a non tax-advantaged account, so there's no tax savings up front.

Obviously there are advantages to tax deferred accounts, though the details matter a lot. In the worst case(s), certain tax deferred accounts COULD be worse than a taxable account, but that would probably be unusual.
by psteinx
Wed Jul 05, 2017 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: What is the advantage of deferring taxes vs paying them up front?
Replies: 57
Views: 5064

Re: What is the advantage of deferring taxes vs paying them up front?

A lot of replies, but I still don't think anybody's quite nailed it yet with a clear example. You don't have to assume lower tax rates in the future. The math of tax deferral works even with consistent tax rates. Obviously, one can come up with scenarios where it's better or worse to defer based on ...
by psteinx
Wed Jul 05, 2017 2:08 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 330
Views: 31680

Re: Tesla Model 3 or Chevy Bolt?

FWIW, I recently saw some ads for a local Nissan dealership advertising new (I think) Leafs dirt cheap - $12-14K or so. I assume this price reflected any applicable federal tax credits, but I didn't dig too deep. My state (Missouri) does not, AFAIK, provide any important incentives of its own for el...
by psteinx
Wed Jul 05, 2017 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking advice on 1.2m (now 900K) house purchase
Replies: 188
Views: 11469

Re: Seeking advice on 1.2m house purchase

TuesdayGal: I'm certainly not telling you to avoid stocks, bonds, and/or real estate. But I want to caution you to avoid setting an aggressive expectation for home price appreciation and to consider the risks. And, I wanted to point out a fairly important error in analyzing past returns during a par...
by psteinx
Wed Jul 05, 2017 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking advice on 1.2m (now 900K) house purchase
Replies: 188
Views: 11469

Re: Seeking advice on 1.2m house purchase

Like the chart.. Thanks! So 136% increase over 17 years (236-100)/17 = 8%.. Should I buy or rent? I should mention that I am planning to stay in the Bay Area long term. It doesn't work like that. You likely don't want to know the simple average return, but rather, the compounded return. When comput...
by psteinx
Wed Jul 05, 2017 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking advice on 1.2m (now 900K) house purchase
Replies: 188
Views: 11469

Re: Seeking advice on 1.2m house purchase

Rent vs Buy is showing break even in 2-3 years in a conservative scenario (assuming real estate prices increase of 5% - which as you can see from the link that I included above - it does not even when averaging the worst downturn years) Be cautious about assuming the recent past will predict the fu...
by psteinx
Fri Jun 30, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: vetting/finding a financial advisor
Replies: 58
Views: 2279

Re: vetting/finding a financial advisor

EATaxGuy - Interesting post - thanks. So, how do you get new clients? Or, flipping it around, assuming a relatively savvy person, seeking an advisor for themselves or a relative. They're in YOUR city, and let's assume your city is fairly big with swarms of financial advisors of various sorts. What s...
by psteinx
Fri Jun 30, 2017 10:33 am
Forum: Personal Finance (Not Investing)
Topic: vetting/finding a financial advisor
Replies: 58
Views: 2279

Re: vetting/finding a financial advisor

It's hard to know what to recommend without a better sense of what OP, and OP's in-laws are looking for, and their financial situation. I have relatively little (but more than zero) experience with this situation, and have also been reading this forum and lots of other financial resources for a long...
by psteinx
Thu Jun 29, 2017 3:05 pm
Forum: Investing - Theory, News & General
Topic: Which would be more ideal for a BH investor: Being the only one to own a broad MF or having everyone own a broad MF?
Replies: 3
Views: 336

Re: Which would be more ideal for a BH investor: Being the only one to own a broad MF or having everyone own a broad MF?

If you mean indexing in particular, and you're taking an extreme position - i.e. that 100% of equity investors own effectively the same broad index fund - well that's not workable (capital markets would break down), but it's also unrealistic (it's not remotely likely that we'll reach 100% index inve...
by psteinx
Thu Jun 29, 2017 2:06 pm
Forum: Investing - Theory, News & General
Topic: Why is it ok to avoid Chinese A Shares?
Replies: 41
Views: 2523

Re: Why is it ok to avoid Chinese A Shares?

OK, so getting back closer to the OP's question, I think: Why is it OK for an investor to underweight China A shares, assuming that A share vehicles are available (if not perhaps in all indexes)? While there are, I think, many variations and spins of the efficient market theory, the general theory i...
by psteinx
Wed Jun 28, 2017 10:23 am
Forum: Personal Consumer Issues
Topic: Traveling with 5 and 2 Year Old from Atlanta to Orlando - Is It Worth Flying?
Replies: 46
Views: 1754

Re: Traveling with 5 and 2 Year Old from Atlanta to Orlando - Is It Worth Flying?

Some advantages of driving versus flying: * Full control of departure times. Also, the ability to more easily "call an audible" - adjust the vacation by coming back early, detouring somewhere, or whatever * In vehicle entertainment options have grown considerably in last decade or two. iPa...
by psteinx
Tue Jun 27, 2017 8:23 pm
Forum: Personal Consumer Issues
Topic: Cruise With The Grandkids
Replies: 31
Views: 2197

Re: Cruise With The Grandkids

Alternatives to cruising (not too hard to reach from the Atlanta area): - Atlantis in the Bahamas - Any other nice family friendly beach resort in the Caribbean* - Orlando - Myrtle Beach, Destin, or other US beach towns in the Southeast * If passports and/or international travel are problematic, per...
by psteinx
Tue Jun 27, 2017 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: co-worker wants to pull out pension
Replies: 40
Views: 3705

Re: co-worker wants to pull out pension

Sounds terrible at first pass, but would need far more details to analyze more thoroughly.
by psteinx
Tue Jun 27, 2017 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Need help to sell family farm.
Replies: 19
Views: 1853

Re: Problems with sale of property. Please help.

I would suggest you amend the thread title. At a minimum, say it's farm property - ideally be more specific on the kind of farm and at least general location. I would venture that the vast bulk of property discussions on this forum are about residential or perhaps standard commercial property, and w...
by psteinx
Mon Jun 26, 2017 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: How does Fidelity makes money, if I own all Vanguard funds or ETFs
Replies: 56
Views: 4580

Re: How does Fidelity makes money, if I own all Vanguard funds or ETFs

There are a lot of ways Fidelity CAN make money. They may not actually make money off of every given customer. But even a customer coming in, initially, with a portfolio of buy and hold Vanguard mutual funds could change strategies in the future, to one that might be more profitable for Fidelity. So...