Search found 84 matches

by rick2427
Thu Sep 21, 2017 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 195
Views: 16935

Re: I won the Lottery. Need sound advice.

Congratulations on winning the lottery.

You have been given an excellent opportunity to put your financial house in order. Hopefully you will follow the good advice on BH and share yiour success with us soon.

Best Wishes,
Rick
by rick2427
Sat Sep 16, 2017 9:28 pm
Forum: Investing - Theory, News & General
Topic: Q&A WITH JACK BOGLE - Got a Question for Jack?
Replies: 52
Views: 12030

Re: Q&A WITH JACK BOGLE - Got a Question for Jack?

Could Mr. Bogle or any other panelist please comment on the differences and benefits of investing in different kinds of Index funds viz:

Cap Weighted Index Funds
Fundamental Weighted Index Funds.
Equal Weighted Index Funds.

Thank you,
Rick
by rick2427
Thu Aug 17, 2017 10:36 pm
Forum: Investing - Help with Personal Investments
Topic: Lost $7000 today in ONE DAY!
Replies: 183
Views: 15973

Re: Lost $7000 today in ONE DAY!

My portfolio went down <0.6%> today (AA=50/30/20) where as S&P500 went down <1.54%> ..... I don't feel bad.
If I look at how much my portfolio went down .....ooops I feel like throwing up.

So I only look at percentage change Up or down Vs the market. Helps me keep things in perspective.

Cheers.
by rick2427
Sat Jul 29, 2017 2:31 pm
Forum: Personal Consumer Issues
Topic: TSA Pre-check for free
Replies: 75
Views: 5740

Re: TSA Pre-check for free

I don't fly much but in June when I traveled on American Airlines from STL to LGA with my son (28) and daughter(22), who both fly more often than I, we all got TSA Pre Check.
by rick2427
Thu Jul 13, 2017 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for Asian Indian friend on parking 100k
Replies: 14
Views: 1394

Re: Advice for Asian Indian friend on parking 100k

NRE account is repatriable to US dollars, and there is no tax on the Indian side for any earnings. But, the account is held in Indian rupees - so, there's the exchange from $ to Rs going in, exposure to currency fluctuation & devaluation during the term, and exchange from Rs to $ when the money is ...
by rick2427
Tue Jul 04, 2017 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Commercial Office Building with 12 Tenants
Replies: 19
Views: 1976

Re: Commercial Office Building with 12 Tenants

Seems like a good deal at 10% CAP rate and worth investigating further.
Location of the property?
Economic prospects of the city?
Quality and credit of the tenants?
Ease of renting if one tenant vacates?
Age of the building? Any capital expense needed right away?

Good Luck!
Rick
by rick2427
Sun Jul 02, 2017 10:10 pm
Forum: Investing - Help with Personal Investments
Topic: How to manage lump sum from real estate sale
Replies: 18
Views: 2542

Re: How to manage lump sum from real estate sale

We closed on June 15, 2017. To pay estimated taxes in 2017 and pay the big tax bill in April 2018 we decided to park $700k in Vanguard Limited Term Tax Exempt Bond fund. $150K split into cash and 6 month CD for living expenses thru 2018 $500 invested in Vanguard Intermediate Tax Exempt Bond Funds Fu...
by rick2427
Thu Jun 08, 2017 11:32 pm
Forum: Investing - Help with Personal Investments
Topic: How to manage lump sum from real estate sale
Replies: 18
Views: 2542

Re: How to manage lump sum from real estate sale

ORIF: Sounds like a sensible plan! I must thank you for sharing your plan-- it really helped me to think rationally because I'm in a similar situation viz: selling real estate/business this month to retire. I think I'll open the Fidelity accounts like you as well and park the funds in CD's until all...
by rick2427
Mon Jun 05, 2017 10:09 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2017!
Replies: 214
Views: 28161

Re: Roll Call for the Retirement Class of 2017!

Mirriam 2 said Congratulations! It must be exciting to sell a business (or maybe a relief ) Moving into retirement is scary, but a nice scary. You have the open road ahead of you and the wind at your back. Since you owned a business, you may be familiar with t-a-x-e-s Here is a suggestion from forum...
by rick2427
Sat May 27, 2017 9:47 am
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2017!
Replies: 214
Views: 28161

Re: Roll Call for the Retirement Class of 2017!

My wife and I are selling our business on June 15, 2017!
Retiring at age 57......really have no clue what we will do with all the free time.
It is really scary :wink:
by rick2427
Mon May 22, 2017 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: Boglehead Approved Delaware Statutory Trust?
Replies: 2
Views: 467

Re: Boglehead Approved Delaware Statutory Trust?

So, DST or Rental? And, if DST, what is the right way to analyze these investments from a Boglehead PoV?


Hi Rolyatroba,

what did you end up doing?
I'm in a similar situation that you were in 2 years ago and am curious how it worked out for you?

Thanks,
Rick
by rick2427
Wed May 17, 2017 7:23 pm
Forum: Investing - Help with Personal Investments
Topic: 1031 Exchange or taxable account?
Replies: 6
Views: 654

Re: 1031 Exchange or taxable account?

OP: You are young with many years ahead of you. If you do decide to do a 1031 exchange, I suggest you hold it long term and continue to do 1031 exchange each time you sell and consider this investment as a legacy for your kids/grandkids because they can get it with a stepped up basis when you pass. ...
by rick2427
Mon Apr 24, 2017 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Why is Real-Estate so Bad?
Replies: 113
Views: 10296

Re: Why is Real-Estate so Bad?

Postby tomer755 » Mon Apr 24, 2017 7:43 am Hello Boggleheads, I am a fairly young investor and have lurked/posted on these forums for a while now, and have learned a lot! However there is one concept that I just cannot get my head around. I come from a family of Real-Estate investors, and when I to...
by rick2427
Sun Apr 23, 2017 8:11 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 41131

Re: Larry Swedroe says "Goodby."

Sorry to hear Mr. Swedroe does not want to post on Bogleheads anymore. I always enjoyed reading his posts which have been very thought provoking. I have learned a lot from Mr. Swedroe's posts and am disappointed. Hope he changes his mind and decides to share his wisdom with the bogleheads again. Bes...
by rick2427
Thu Apr 13, 2017 5:03 am
Forum: Investing - Theory, News & General
Topic: Rebalancing to control risk doesn't make sense to me
Replies: 175
Views: 13019

Re: Rebalancing to control risk doesn't make sense to me

How much MONEY, not percent, do you have in bonds? Is it enough at this time in your life? If not, maybe buy some more? If it's too much, sell some, or direct more of your incoming capital towards stocks, if you're accumulating, or take all of your living expenses from the bonds for a while, if you...
by rick2427
Thu Apr 13, 2017 3:57 am
Forum: Investing - Theory, News & General
Topic: 2017 BOGLEHEADS CONFERENCE ANNOUNCEMENT
Replies: 143
Views: 17864

Re: 2017 BOGLEHEADS CONFERENCE ANNOUNCEMENT

Mel and everyone in the Conference organizing committee, thanks for all the hard work you put in to planning the Conference details. Received the invitation to send in the payment and have mailed it April 12th.....waiting for the confirmation. Been lurking on this forum for the past year, hoping to ...
by rick2427
Wed Apr 05, 2017 8:02 am
Forum: Personal Consumer Issues
Topic: Buying House with Odor (not cigarette)
Replies: 36
Views: 3190

Re: Buying House with Odor (not cigarette)

The house may have mold that is causing the odor. Mold can grow behind wall paper and humid locations.
Very difficult to eliminate mold.
I'd look for another house.

Good Luck!
by rick2427
Tue Apr 04, 2017 11:19 pm
Forum: Investing - Help with Personal Investments
Topic: How to manage lump sum from real estate sale
Replies: 18
Views: 2542

Re: How to manage lump sum from real estate sale

ORIF: I am in a similar situation. Expect the sale of business with real estate to consummate next month. In order to save money on capital gains tax I was referred by my CPA to a financial advisor who tried to sell me DST's (Delaware Statutory trusts) via 1031 exchange --very high fee products , OU...
by rick2427
Mon Apr 03, 2017 9:27 pm
Forum: Investing - Theory, News & General
Topic: 2017 BOGLEHEADS CONFERENCE ANNOUNCEMENT
Replies: 143
Views: 17864

Re: 2017 BOGLEHEADS CONFERENCE ANNOUNCEMENT

I would like to attend the conference .
Kindly add my name to the waiting list .

Thanks,
Rick2427
by rick2427
Fri Mar 31, 2017 1:52 pm
Forum: Investing - Theory, News & General
Topic: advice on where to put money at age 55 to secure savings in the event of market crash
Replies: 35
Views: 4161

Re: advice on where to put money at age 55 to secure savings in the event of market crash

ResearchMed said"You might want to read about "buckets", which in this case would mean having several years worth of living expenses in "safe" categories, such as CD's. Or you could purchase bonds, including perhaps inflation protected bonds. (Not the bond funds, which will...
by rick2427
Mon Mar 20, 2017 7:00 pm
Forum: Personal Consumer Issues
Topic: $464.12 dinner bill last night. No regrets.
Replies: 78
Views: 11066

Re: $464.12 dinner bill last night. No regrets.

Great story and glad you thanked your aunt and uncle in a nice way.

Best Wishes!
by rick2427
Fri Feb 17, 2017 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with cash set aside for taxes next year?
Replies: 7
Views: 735

Re: What to do with cash set aside for taxes next year?

I am in a similar situation. I thought of doing a 1031 exchange but do not have the desire to manage rentals anymore. My accountant suggested that i invest in NNN leased properties that are leased to national tenants or invest in DST's that invest in NNN properties. You can expect 5-6% return on you...
by rick2427
Sun Feb 12, 2017 1:31 am
Forum: Investing - Help with Personal Investments
Topic: Short Term Investments for a Non-Profit
Replies: 6
Views: 423

Re: Short Term Investments for a Non-Profit

We invested $250K in 2 brokeregae CD's (6 & 9month CD's) for our church with TD Ameritrade .
APR = 1.35%.
by rick2427
Sun Jan 29, 2017 11:58 pm
Forum: Investing - Theory, News & General
Topic: Try and hit it big with 25% of your portfolio?
Replies: 51
Views: 5500

Re: Try and hit it big with 25% of your portfolio?

It would be interesting to know what percentage of BH are aware of the existence of AWS. Have owned AMZN (one of 12 individual stocks in my portfolio). Have 15% of my portfolio in individual stocks, the rest in index funds. Very pleased with AMZN which is now 3% of the portfolio followed by BRK.B (...
by rick2427
Wed Jan 11, 2017 2:47 am
Forum: Local Chapters and Bogleheads Community
Topic: Sad News About a Respected Forum Member
Replies: 118
Views: 21534

Re: Sad News About a Respected Forum Member

Sorry to hear about Ole Meph's condition.

May God give him strength as he battles to survive!

Rick
by rick2427
Wed Jan 11, 2017 2:40 am
Forum: Investing - Help with Personal Investments
Topic: How to politely fire my financial advisor
Replies: 66
Views: 7829

Re: How to politely fire my financial advisor

When I fired my FA several years ago, I wrote an email to him something like this: Dear FA, I am consolidating/simplifying all of my and my wife's accounts. In the process, we have also realized that going with no-load, low ER funds was best for us in the future. As such, I have decided and initiat...
by rick2427
Sun Dec 25, 2016 11:08 am
Forum: Investing - Help with Personal Investments
Topic: Too much overlap between 2 funds?
Replies: 15
Views: 1652

Re: Too much overlap between 2 funds?

Johnny M: I subscribe to AAII.com as well and am familiar with the Level3 portfolio which involves 4 funds: 1. 40% in RSP- Guggenheim S&P 500 equal weighted fund 2. 20% in EQAL - Powershares Russell 1000 equal weighted portfolio 3. 20% in VNQ- Vanguard REIT ETF 4. 20% in VOE - Vanguard Mid Cap V...
by rick2427
Sat Dec 24, 2016 10:36 pm
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Gift to You.
Replies: 98
Views: 8512

Re: My Christmas Gift to You.

Dear Mr. Larimore:

Thank you for your service to our nation!
Thank you also for your selfless service to the bogleheads.
May you be blessed with a very Merry Christmas and a very Happy, Healthy, Peaceful and Prosperous New Year!!

Regards,
Rick
by rick2427
Wed Dec 21, 2016 1:42 pm
Forum: Investing - Theory, News & General
Topic: DFA on Managing Expectations
Replies: 8
Views: 2257

Re: DFA on Managing Expectations

Thanks for sharing the links. It helped reinforce the importance of global diversification and also staying the course long term

Regards,
Rick
by rick2427
Mon Dec 12, 2016 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Quitting Job to Start a Business
Replies: 51
Views: 4867

Re: Quitting Job to Start a Business

Weddings are... difficult to plan. I cannot imagine a bride willing to put their day in the hands of someone who just started and is likely around the same age as they are. The wedding venue is more than a bar and a dance floor... you basically end up being the planner. How do you intend to prove t...
by rick2427
Fri Dec 09, 2016 12:36 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's new "account overview" page... BOO!
Replies: 105
Views: 12253

Re: Vanguard's new "account overview" page... BOO!

My "account overview" page is the same size as it has always been. I do note that on the right side of the page, near the top, there is a choice of three different font sizes. If your font is too large, perhaps you can select a smaller one.


+1 :beer
by rick2427
Sun Dec 04, 2016 12:11 pm
Forum: Investing - Theory, News & General
Topic: Shocking Bogle quotes
Replies: 19
Views: 2807

Re: Shocking Bogle quotes

investorguy1 wrote: He says that what happened in Japan could happen in the US and that Japan had a lot of similar positive characteristics such as work ethic, productivity and innovation to the US before their market crash. page 58. If Mr. Bogle wrote this in April 2000, he was very insightful! S&...
by rick2427
Mon Oct 17, 2016 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Money lessons for a 3 year old
Replies: 46
Views: 3562

Re: Money lessons for a 3 year old

Why not let 3 Yr old be a 3 year old?

There will be plenty of time to grow up, get allowance and learn about money after she is 8-10 years old.

Just enjoy the joys of bringing up a toddler. :happy
by rick2427
Sat Oct 01, 2016 9:06 am
Forum: Local Chapters and Bogleheads Community
Topic: How Did You Become A Boglehead? What Led You Here?
Replies: 168
Views: 16902

Re: How Did You Become A Boglehead? What Led You Here?

In the past year I have gotten serious about retiring in 2017 and started searching online for ways to financially prepare for retirement. I ended up on "early-retirement.org". One of the posters there mentioned Vanguard and Bogleheads . I had heard of Vanguard in the nineties but didn't t...
by rick2427
Thu Sep 29, 2016 11:25 am
Forum: Investing - Theory, News & General
Topic: Has anyone been tempted to buy AMZN?
Replies: 77
Views: 6181

Re: Has anyone been tempted to buy AMZN?

If you don't mind sharing how many individual stocks do you hold? If any company is greater than 10% of your total equity position you may want to investigate the benefits of diversification. If not then you may be OK holding a few dozen companies operating in various industries all over the globe....
by rick2427
Thu Sep 29, 2016 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Sorry, but tell [me] what to do with my mortgage
Replies: 62
Views: 5712

Re: Sorry, but tell [me] what to do with my mortgage

by TomCat96 » Wed Sep 28, 2016 5:37 pm Hawkeye_Saver wrote: The problem I'm having is I know it's putting stress on my wife having that hanging over our head, even though we can comfortably pay it. That alone should be determinative. Go pay down your mortgage. Don't let the math or anyone here forc...
by rick2427
Thu Sep 29, 2016 9:59 am
Forum: Personal Consumer Issues
Topic: MMM Lecture at the WD Summit [Mr. Money Mustache]
Replies: 58
Views: 7538

Re: MMM Lecture at the WD Summit [Mr. Money Mustache]

I came across the MMM site at about the same time I heard about Bogleheads. I picked up a few tips from his site about trying to grow own produce, unfortunately I am not an outdoors kinda person & pretty bad at growing stuff. Simplifying your life is a good thing I learned and have started pract...
by rick2427
Thu Sep 29, 2016 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Should I take mortgage loan of under 3% and invest the money?
Replies: 39
Views: 5100

Re: Should I take mortgage loan of under 3% and invest the money?

I would never take out a home mortgage or draw from a HLOC to invest in stock market, but that's just me.

Thanks,
Rick
by rick2427
Wed Sep 28, 2016 11:06 pm
Forum: Investing - Theory, News & General
Topic: Has anyone been tempted to buy AMZN?
Replies: 77
Views: 6181

Re: Has anyone been tempted to buy AMZN?

Bought AMZN in 2013 around $380. It was not cheap at that time and it is still pricey today. Glad to see it has doubled in the past three years but it has been a wild ride for sure.Not sure if I would buy AMZN at these levels- it is priced for perfection now. 65% of my portfolio is still in individu...
by rick2427
Wed Sep 28, 2016 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: business owner forums
Replies: 9
Views: 968

Re: business owner forums

Not worth wasting your time trying to collect $130. I would write it off.

Thanks
Rick
by rick2427
Wed Sep 28, 2016 11:54 am
Forum: Personal Finance (Not Investing)
Topic: business owner forums
Replies: 9
Views: 968

Re: business owner forums

Not aware of any forum for business owners. I would be interested as well if there is one.

What questions do you have? Perhaps I can attempt to answer.
by rick2427
Tue Sep 27, 2016 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Advisor choices [did my advisor invest wisely for me?]
Replies: 48
Views: 3683

Re: Advisor choices [did my advisor invest wisely for me?]

Welcome to Bogleheads! Sorry, but it seems like your Advisor does not have any fiduciary interest in your well being. I would suggest you cut your losses now, pull your money out of these investments(?) and fire the advisor. Next, since you are nearing retirement or are retiring , invest your funds ...
by rick2427
Sat Sep 24, 2016 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Net Worth Milestone Today - $1.5M
Replies: 128
Views: 19551

Re: Net Worth Milestone Today - $1.5M

Meg:

Congratulations on achieving a significant financial milestone.
Wish you all the success!!

Best Wishes to you and your husband,
Rick
by rick2427
Fri Sep 23, 2016 11:58 am
Forum: Investing - Theory, News & General
Topic: The Trouble with "Buy and Hold"
Replies: 144
Views: 15184

Re: The Trouble with "Buy and Hold"

OP, even in the link that you shared earlier regarding market timing it states (underlined by me) Is the Timing Model Effective? Now that we’ve discussed the buy and sell rules that the model uses, let’s see how effective it is compared to buy and hold for each asset class. But before we get into th...
by rick2427
Fri Sep 16, 2016 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Keys to a Successful Retirement
Replies: 55
Views: 7932

Re: Keys to a Successful Retirement

You said: - Purchase ... products that blend life annuity income and LTCi. I say NO on this. These products are like a wolf (variable annuities with high fees) in sheep's clothing. Are you a salesperson by any chance? It would be strange for a Boglehead believer to suggest this. Insurance is not an...
by rick2427
Thu Sep 15, 2016 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Should I Cancel My Term Life Insurance?
Replies: 30
Views: 1851

Re: Should I Cancel My Term Life Insurance?

based on the info shared, and the fact that 8 years of the 15 year level term have passed, you still have a child who needs to go to college, you are now 55 years old so more risk to the insurer, you also have more risk of becoming uninsurable, current premium is relatively affordable , I would sugg...
by rick2427
Tue Sep 06, 2016 11:50 am
Forum: Personal Consumer Issues
Topic: Visiting Peru/Machu Picchu
Replies: 16
Views: 1405

Re: Visiting Peru/Macchu Picchu during Columbus Day?

My son is currently in Peru after his 4-day guided trek. He went there with 6 other friends (total 7 of them). It was a great experience on a 4-day long trek. On the 2nd day of the trek he could feel his lungs gasping for air as they went from 9678 ft to 13,780 feet. He is in very good shape but bei...
by rick2427
Sun Aug 28, 2016 10:04 am
Forum: Personal Finance (Not Investing)
Topic: My 8 year old son taught me a good lesson tonight
Replies: 16
Views: 4414

Re: My 8 year old son taught me a good lesson tonight

That's awesome :happy
Your 8 yr old knows how to enjoy the present moment unlike most grown ups who either live in their past or dream about a rosy future but never take the time to enjoy the present moments.
by rick2427
Mon Aug 15, 2016 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: buying used car smarter than buying new?
Replies: 89
Views: 6198

Re: buying used car smarter than buying new?

We use our cars for a long time (12+ years)
I also hate the entire car buying experience at the dealerships and dread the uncertainty that comes with buying a used vehicle.....so we only buy new cars.
This way we know we are not buying someone else's problems.

Thanks