Search found 2469 matches

by psteinx
Fri Jun 23, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Got rear-ended: any reason not to go through my ins?
Replies: 17
Views: 904

Re: Got rear-ended: any reason not to go through my ins?

Have had 2 vehicles in our family rear-ended in last 4 years - both ended up being totalled. In both cases, to my recollection and understanding, there was no insurance hit on our side - claims were made against/paid by other's insurance, with no insurance impact on our side. For the most recent one...
by psteinx
Thu Jun 22, 2017 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: House Closing is Tomorrow! Here are the Closing fees .... am I being ripped off?
Replies: 22
Views: 2055

Re: House Closing is Tomorrow! Here are the Closing fees .... am I being ripped off?

There seems to be a lender credit of $900 that may be offsetting part of the other fees (application fee?) The reason there are two entries for title insurance are, I would guess, related to the 80% mortgage (so the title company is insuring for the lender), and 20% down payment (insuring the home b...
by psteinx
Thu Jun 22, 2017 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation - Inherited Assets, newly Semi-Retired
Replies: 12
Views: 982

Re: Asset Allocation - Inherited Assets, newly Semi-Retired

psteinx wrote:First, your gains, as a % of dollars realized on sale, are not 34%, but rather, (1-(1/1+34%))= ~25%.

Should be one more set of parentheses in there, like this:

(1-(1/(1+34%)))= ~25%.
by psteinx
Mon Jun 19, 2017 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: Church windfall - conservative investment options?
Replies: 22
Views: 1441

Re: Church windfall - conservative investment options?

3) No guidelines from the donor - but, I will ask if anyone knows how they held the investments. I'm not 100% sure that matters, but I believe all information is good in general. Yeah, I'm not 100% (or 80%, or 60%, or ...) sure it matters either. Ultimately, if the donor left it entirely in the chu...
by psteinx
Mon Jun 19, 2017 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: Church windfall - conservative investment options?
Replies: 22
Views: 1441

Re: Church windfall - conservative investment options?

I think a lot has to do with the eventual plans for the windfall. It's probably prudent in the short term to just accept a low rate of return from a money market fund or bank deposit or the like until the plans are worked out. Basically, if the plans are to spend all/most of the money on specific pr...
by psteinx
Mon Jun 19, 2017 7:12 pm
Forum: Personal Consumer Issues
Topic: California Vacation - Bay Area, So Cal, or Both (with coastal drive)?
Replies: 20
Views: 1247

Re: California Vacation - Bay Area, So Cal, or both (with coastal drive)?

Hire bikes in San Francisco at any of a number of places and ride over the Golden Gate Bridge and into Marin County, ride around Marin County and have lunch, ferry back Are there dedicated bike lanes (or pedestrian/bike shared lanes) across the Golden Gate Bridge and into Marin? Can you do the bike...
by psteinx
Mon Jun 19, 2017 6:39 pm
Forum: Personal Consumer Issues
Topic: California Vacation - Bay Area, So Cal, or Both (with coastal drive)?
Replies: 20
Views: 1247

California Vacation - Bay Area, So Cal, or Both (with coastal drive)?

Thinking about a summer vacation, circa late July, early August of this year. Five of us - 2 adults, 3 kids ages 12-17. Kids are bright and like various experiences, but not TOO interested in museums and the like. OTOH, we're not really looking to do the theme park thing, either. Disneyland is not o...
by psteinx
Mon Jun 19, 2017 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Church windfall - conservative investment options?
Replies: 22
Views: 1441

Re: Church windfall - conservative investment options?

1) IMO, some of it should probably tie back to donor intent, if in fact it was a donation. I would guess that this was a bequest? If so, do you know the donor's planned intentions for the money (i.e. general church support, mission/outreach, re-donations/gifts/grants to concerns in the broader world...
by psteinx
Mon Jun 19, 2017 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation - Inherited Assets, newly Semi-Retired
Replies: 12
Views: 982

Re: Asset Allocation - Inherited Assets, newly Semi-Retired

So, when considering cost basis and capital gains, perhaps it's better, rather than thinking about how much it's gone up, to think about what you'd owe in taxes if you sold. So: Let's say it has gone up exactly 34% versus basis. That doesn't mean you'd owe 34% in taxes if you sold, far from it. Firs...
by psteinx
Mon Jun 19, 2017 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 15828

Re: Siblings in disagreement over mom's house.

I tend to agree with those suggesting some sort of attempt at 3rd party mediation. I also suspect that, if the 2 keepers were posting in a forum about their siblings who want to sell the old family house*, they would have their own side of the story to tell, and their reasoning. It may not be great ...
by psteinx
Fri Jun 16, 2017 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 15828

Re: Siblings in disagreement over mom's house.

Significant valuation haircuts for some, but not others, to combat the stubbornness of the the two, does not sound like a recipe for future family harmony to me. Perhaps you could create a spreadsheet, showing all the costs that *should* be going into the house, leaving it largely vacant: * Proper m...
by psteinx
Fri Jun 16, 2017 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 15828

Re: Siblings in disagreement over mom's house.

What has the house been used for for the last 5 years? Vacation getaway for the individual families? For all families together (family reunion)? Other? Have the siblings gotten roughly equal use out of the house? How many of the 5 strongly want to sell, how many to keep, how many ambivalent, and wha...
by psteinx
Fri Jun 16, 2017 5:40 pm
Forum: Investing - Theory, News & General
Topic: The two envelope problem and some thoughts on diversification, rebalancing, variance
Replies: 12
Views: 853

Re: The two envelope problem and some thoughts on diversification, rebalancing, variance

I suspect (but will not bother to look up at the moment), that high dividend stocks would disproportionately fall into the value half of bifurcated indexes. Dividend growth is a strategy some follow, but I'm not sure that it's especially widely followed, nor followed primarily as a means of reducing...
by psteinx
Fri Jun 16, 2017 3:56 pm
Forum: Investing - Theory, News & General
Topic: The two envelope problem and some thoughts on diversification, rebalancing, variance
Replies: 12
Views: 853

Re: The two envelope problem and some thoughts on diversification, rebalancing, variance

Re: Variance: (inspired at least partly by some recent posts in the other variance thread) Consider an investment universe of only stocks A and B. You put $10K into each, and after 10 years, the A investment is worth $19K, and the B is worth $11K. Should you have been rebalancing along the way, and ...
by psteinx
Fri Jun 16, 2017 3:50 pm
Forum: Investing - Theory, News & General
Topic: The two envelope problem and some thoughts on diversification, rebalancing, variance
Replies: 12
Views: 853

Re: The two envelope problem and some thoughts on diversification, rebalancing, variance

RW: To the extent that sources of return that are: 1) Outside of US TSM 2) Not fully correlated with US TSM 3) About as good as US TSM (in terms of risk and return) Then yes. Thus the argument for international diversification, to the extent that folks believe 3. But can the typical investor reslice...
by psteinx
Fri Jun 16, 2017 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: Mid-40's, single parent, "retired", $1.6M portfolio, investment advice sought.
Replies: 50
Views: 7532

Re: Mid-40's, single parent, "retired", $1.6M portfolio, investment advice sought.

There are a lot of responses and I've read some, but not all of them. My own response may or may not be novel. I don't like the situation, on several grounds: * You're essentially taking on the role of financial advisor, but for free. But it doesn't seem like you're especially trained for the role, ...
by psteinx
Fri Jun 16, 2017 2:33 pm
Forum: Investing - Theory, News & General
Topic: The two envelope problem and some thoughts on diversification, rebalancing, variance
Replies: 12
Views: 853

Re: The two envelope problem and some thoughts on diversification, rebalancing, variance

A factor proponent's defense: If you consider a simplified total US investable market of 50 units of stock, and 50 units of bonds, the stock has higher risk and higher invested returns to compensate. Investors shift away from a full market (stocks + bonds at market weight) portfolio to their preferr...
by psteinx
Fri Jun 16, 2017 1:53 pm
Forum: Investing - Theory, News & General
Topic: The two envelope problem and some thoughts on diversification, rebalancing, variance
Replies: 12
Views: 853

Re: The two envelope problem and some thoughts on diversification, rebalancing, variance

Within the TSM. Yes, if you have a portfolio of X (say 100% TSM), and you can switch some assets outside of X (i.e. to bonds, or international, or whatever), then there's more diversification benefit. But, for instance, but I think some factor enthusiasts say that for one's US holdings, one can redu...
by psteinx
Fri Jun 16, 2017 1:26 pm
Forum: Investing - Theory, News & General
Topic: The two envelope problem and some thoughts on diversification, rebalancing, variance
Replies: 12
Views: 853

Re: The two envelope problem and some thoughts on diversification, rebalancing, variance

psteinx wrote:Let's see if I can pull this into something coherent...

Hmm, perhaps I failed... :)
by psteinx
Fri Jun 16, 2017 1:08 pm
Forum: Investing - Theory, News & General
Topic: The two envelope problem and some thoughts on diversification, rebalancing, variance
Replies: 12
Views: 853

Re: The two envelope problem and some thoughts on diversification, rebalancing, variance

OK, this is pretty long already, so I'm going to try to drill down on a few points quickly, with perhaps insufficient substantiation here (I may add more later): 1) If you start with TSM, tilting/overweighting bits within the TSM will generally increase risk, not decrease it (contra those who argue ...
by psteinx
Fri Jun 16, 2017 1:00 pm
Forum: Investing - Theory, News & General
Topic: The two envelope problem and some thoughts on diversification, rebalancing, variance
Replies: 12
Views: 853

Re: The two envelope problem and some thoughts on diversification, rebalancing, variance

The reason this does not "work" (i.e. you don't really benefit by breaking down TSM into component stocks) is that, more or less by definition, the component stocks will have higher individual risk than TSM as a whole will have. In my 3 stock example above, the individual stocks returned +...
by psteinx
Fri Jun 16, 2017 12:39 pm
Forum: Investing - Theory, News & General
Topic: The two envelope problem and some thoughts on diversification, rebalancing, variance
Replies: 12
Views: 853

Re: The two envelope problem and some thoughts on diversification, rebalancing, variance

Investing follow up: The volatility drag thread I mentioned/linked in my OP includes the classic example of a +100% return one year, -50% the next, producing a geometric return of 0%, even as the simple arithmetic average is +25%/year. I think it's easy to get a bit oversold on diversification, red...
by psteinx
Fri Jun 16, 2017 12:39 pm
Forum: Investing - Theory, News & General
Topic: The two envelope problem and some thoughts on diversification, rebalancing, variance
Replies: 12
Views: 853

The two envelope problem and some thoughts on diversification, rebalancing, variance

I was skimming the opening of this thread , on volatility drag, and it made me think of a couple of other issues I've been thinking about recently. Let's see if I can pull this into something coherent... The two envelope problem (more here ) It's a cool paradox. There are a few ways to present it. H...
by psteinx
Thu Jun 15, 2017 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth moving for a better public high school?
Replies: 32
Views: 2102

Re: Is it worth moving for a better public high school?

And likely, for far less than the cost of a move, you can find supplemental course work and deliver a superior education. Depending on you state, your child may be able to attend community college in lieu of, or as an adjunct to, or in conjunction with highschool. For example, my son started colleg...
by psteinx
Thu Jun 15, 2017 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth moving for a better public high school?
Replies: 32
Views: 2102

Re: Is it worth moving for a better public high school?

Per Wikipedia: https://en.wikipedia.org/wiki/Secondary_education_in_the_United_States#High_school As of 2001, there were about 37000 high schools in the USA. (There are some caveats listed to the Wikipedia figure, the real # may have been somewhat lower, but still...) While not all of them may fit t...
by psteinx
Thu Jun 15, 2017 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth moving for a better public high school?
Replies: 32
Views: 2102

Re: Is it worth moving for a better public high school?

It is likely that you can peruse data about the two high schools directly by looking at school profiles on each site, and/or your state's education data portal, if it has one. Let's call the school your kids are currently slated for oldHS, and the alternative newHS. The downside is that if you see t...
by psteinx
Thu Jun 15, 2017 2:25 pm
Forum: Investing - Theory, News & General
Topic: When you purchase shares, where does the money go?
Replies: 19
Views: 1491

Re: When you purchase shares, where does the money go?

And even though Investor A buying 500 shares of XYZ from investor B for $20/share probably doesn't directly benefit XYZ company, there are indirect benefits to a company to having folks buy, and perhaps bid up, their shares on the secondary market. The post-IPO items I list above are generally less ...
by psteinx
Thu Jun 15, 2017 2:22 pm
Forum: Investing - Theory, News & General
Topic: When you purchase shares, where does the money go?
Replies: 19
Views: 1491

Re: When you purchase shares, where does the money go?

There are a variety of ways new shares can be created. Among them: Pre-IPO: Founding stock Early investors - angel funds, venture capital, strategic partners Early employees At IPO itself (some of the IPO might be some of the above selling out, but often there is new stock issuance as well Post-IPO:...
by psteinx
Wed Jun 14, 2017 3:14 pm
Forum: Personal Consumer Issues
Topic: College admissions question - she got a "C"
Replies: 100
Views: 7811

Re: College admissions question - she got a "C"

Re: Highly selective colleges It's commonly perceived that a 5% acceptance rate means a college is super selective. It's a status symbol of sorts, for the school itself, the kids who go there, and others (faculty, parents, etc). But another way to view it is that a 5% acceptance rate is, at least in...
by psteinx
Wed Jun 14, 2017 12:54 pm
Forum: Investing - Theory, News & General
Topic: The amount of mined gold is increasing fairly rapidly, IMO
Replies: 22
Views: 1411

Re: The amount of mined gold is increasing fairly rapidly, IMO

There was no particular question. Basically, I wanted to point out what I see as a potential weakness in the bull case for gold as a store of value/investment...
by psteinx
Wed Jun 14, 2017 11:04 am
Forum: Investing - Theory, News & General
Topic: The amount of mined gold is increasing fairly rapidly, IMO
Replies: 22
Views: 1411

Re: The amount of mined gold is increasing fairly rapidly, IMO

In my naive mind, if India's economy is doing well, Gold price will go up. Or else, it will go down. It is the largest importer of Gold. An alternative hypothesis is that India's interest in gold is driven to a significant degree by a lack of better options there, instability, weak legal systems an...
by psteinx
Wed Jun 14, 2017 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 4726

Re: Curious to odd estate question

I'm a little surprised no one has questioned the ethics of this. It feels very anti-social to me. To destroy wealth upon one's passing seems to be a signal that one does not care about one's fellow man, about humanity that will go on beyond one's own lifespan. I assume that the individual in questio...
by psteinx
Wed Jun 14, 2017 10:48 am
Forum: Investing - Theory, News & General
Topic: The amount of mined gold is increasing fairly rapidly, IMO
Replies: 22
Views: 1411

Re: The amount of mined gold is increasing fairly rapidly, IMO

As the human population continues to increase, we are generally extracting and producing more of everything, not just gold, and have already surpassed the point of long-term sustainability on the current trajectory. Hopefully not to take the thread too far off track, but: Granted, some production c...
by psteinx
Wed Jun 14, 2017 10:22 am
Forum: Investing - Theory, News & General
Topic: The amount of mined gold is increasing fairly rapidly, IMO
Replies: 22
Views: 1411

Re: The amount of mined gold is increasing fairly rapidly, IMO

On a more general level, due to technological improvements in many fields, I think that the real cost of extracting minerals, and of creating produced (manufactured) products is likely to continue a general downward slope, at least over the remaining decades (~3-4) of my life. So it's hard for me to...
by psteinx
Wed Jun 14, 2017 10:18 am
Forum: Investing - Theory, News & General
Topic: The amount of mined gold is increasing fairly rapidly, IMO
Replies: 22
Views: 1411

Re: The amount of mined gold is increasing fairly rapidly, IMO

Well, the goldbugs generally hope that major countries will return to the gold standard, but I think that's a fairly fringe idea among mainstream economists and policy-make, and the likelihood of the USA or a major European economy doing it within a reasonable timeframe of say, the next 20 years, is...
by psteinx
Wed Jun 14, 2017 10:11 am
Forum: Investing - Theory, News & General
Topic: The amount of mined gold is increasing fairly rapidly, IMO
Replies: 22
Views: 1411

The amount of mined gold is increasing fairly rapidly, IMO

So, in my mind, part of the reason for gold's value and appeal is that there's a relatively fixed quantity of it, in mined form (i.e. what we have readily available, above ground, whether in ingots, coins, jewelry, industrial uses, etc.) Yes, there's mining, but relatively easy veins in California, ...
by psteinx
Tue Jun 13, 2017 12:39 pm
Forum: Investing - Theory, News & General
Topic: Investing with entertainment (or other non-monetary) twist (Broadway, Horses, Local Flavor, etc.)
Replies: 4
Views: 300

Investing with entertainment (or other non-monetary) twist (Broadway, Horses, Local Flavor, etc.)

A thread about investments where at least part of the expected return might reasonably be classified as entertainment value, or other non-financial returns, such as, perhaps, community support. So: * Investing in a Broadway show - may make a financial return, but also some interesting entertainment ...
by psteinx
Mon Jun 12, 2017 5:18 pm
Forum: Personal Consumer Issues
Topic: Best Option for a 6-month car?
Replies: 13
Views: 1104

Re: Best Option for a 6-month car?

OP, what is (or will be) so uniquely great about the 2018 Sonata that you'd want to go through a second car transaction of some sort, with elevated costs, etc, versus just buying one of the many 2017 model sedans that are available?
by psteinx
Mon Jun 12, 2017 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Retired couple with recently-inherited, actively-traded portfolio seek advice
Replies: 16
Views: 2470

Re: Retired couple with recently-inherited, actively-traded portfolio seek advice

A general downside to Fido, if you think you might invest in "house funds", is that while (I think) SOME of their offerings compare reasonably well with Vanguard, I think many do not (i.e. higher expenses, in particular). If you're throwing darts at a list of funds, you're likely better of...
by psteinx
Thu Jun 01, 2017 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Objectively assess my situation
Replies: 20
Views: 1462

Re: Objectively assess my situation

I don't like seeing the $107K of high interest personal loans. Make it a priority to pay those off. You say the $900K includes, along with the tax deferred, some taxable investments. If those don't have capital gains or have only small capital gains, perhaps sell some of those off to pay off the $10...
by psteinx
Thu Jun 01, 2017 3:55 pm
Forum: Investing - Theory, News & General
Topic: Using limit orders to limit losses
Replies: 21
Views: 1619

Re: Using limit orders to limit losses

Also, stop limits may be problematic during market glitches, like a/the flash crash. I think market rules have at least somewhat addressed/mitigated these problems, but I suspect they can still occur. (Basically, liquidity briefly dries up because of a flash crash or whatever. The price of the marke...
by psteinx
Thu Jun 01, 2017 3:49 pm
Forum: Investing - Theory, News & General
Topic: Using limit orders to limit losses
Replies: 21
Views: 1619

Re: Using limit orders to limit losses

Say I had a limit order to sell all shares of an equity if the value drops below 95% of its present value. Then I could watch it and re-evaluate for when to repurchase. I could even set another limit purchase order to re-purchase automatically if the price goes up again to the previous sell price, ...
by psteinx
Thu Jun 01, 2017 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Retired couple with recently-inherited, actively-traded portfolio seek advice
Replies: 16
Views: 2470

Re: Retired couple with recently-inherited, actively-traded portfolio seek advice

It sounds like the actual investments are held at Fidelity (often called Fido), with investment management, historically, by Putnam. My interpretation of what they've said is that when they delink, they'll stop charging fees or having any access to your account. Then, presumably, you're on your own ...
by psteinx
Tue May 23, 2017 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Relative owns lots of funds through various fund companies, can he combine?
Replies: 8
Views: 582

Re: Relative owns lots of funds through various fund companies, can he combine?

Of course, the records of the investments in place, at the many different fund shops, may be less than perfect too. But I'd feel more confident attempting to gather old records in place than after a transfer away to a single broker.
by psteinx
Tue May 23, 2017 1:51 pm
Forum: Personal Consumer Issues
Topic: At what point to buy new car for safety
Replies: 74
Views: 4802

Re: At what point to buy new car for safety

I agree that lane keeping beeps/buzzes/vibrations may not be especially desirable, among newer safety features. I'd suspect that, in general, they can be turned off or down or whatnot. But OTOH, I think auto-braking is, in theory, a fabulous feature (assuming it works reasonably well). And even beep...
by psteinx
Tue May 23, 2017 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: Relative owns lots of funds through various fund companies, can he combine?
Replies: 8
Views: 582

Re: Relative owns lots of funds through various fund companies, can he combine?

A potential downside: If the funds have been with the various providers for many years, it's likely that a big portion of them are "uncovered", as far as falling under IRS guidelines for providers tracking cost basis. Moreover, the actual basis may be complicated, in that he may have been ...
by psteinx
Fri May 19, 2017 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Cars policy/timing for teens/young adults
Replies: 22
Views: 1375

Re: Cars policy/timing for teens/young adults

Summer gigs somewhere in the 12-20 mile range, much of it interstate. Electric bikes not viable. BTW: While I very much doubt I'd lease in this situation, I wonder if a carmaker would even want to lease in a situation where the primary driver is 16. Obviously, car rental places don't like to rent to...
by psteinx
Thu May 18, 2017 6:04 pm
Forum: Personal Consumer Issues
Topic: Air circulation issues
Replies: 11
Views: 778

Air circulation issues

A good older thread here: https://www.bogleheads.org/forum/viewtopic.php?t=141094 But I want to start a new thread with some of the issues we're facing (some similarities to the OP in the other thread, but some differences, too) Our situation: 2 story house (about 2530 s.f. on 2 main stories), with ...
by psteinx
Thu May 18, 2017 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Cars policy/timing for teens/young adults
Replies: 22
Views: 1375

Re: Cars policy/timing for teens/young adults

Yeah, I'm reasonably confident that a 4th vehicle will noticeably bump our insurance rates. That's one reason why I might want to park/store the extra car in the "off-season" (i.e. outside of summer), and suspend/cancel insurance on it and/or otherwise optimize our insurance.
by psteinx
Thu May 18, 2017 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: State tax credits that can be bought/traded
Replies: 8
Views: 945

Re: State tax credits that can be bought/traded

I'm bumping this in hopes that new blood might see it and have thoughts/info. In particular, I'd like to know: Is there a clear IRS reference/guidance/etc that states what, if anything, someone who buys or uses a state tax credit can do in terms of state tax deductions on one's federal schedule A? I...

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