Search found 2885 matches

by simplesimon
Fri May 26, 2017 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: Liquidity question: Max retirement savings vs. build EFund?
Replies: 8
Views: 618

Re: Liquidity question: Max retirement savings vs. build EFund?

Agreed, maxing the 401K is likely a better option. See tfb's post The Case Against the Roth 401K. I know you're not talking about a Roth 401K but the same logic applies.
by simplesimon
Fri May 26, 2017 10:24 am
Forum: Personal Finance (Not Investing)
Topic: When to start talking to older parents regarding their finances (and how to do it?)
Replies: 29
Views: 2272

Re: When to start talking to older parents regarding their finances (and how to do it?)

Say you saw an article online and it made you think of them. See if they're interested in carrying the discussion forward.
by simplesimon
Fri May 26, 2017 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Liquidity question: Max retirement savings vs. build EFund?
Replies: 8
Views: 618

Re: Liquidity question: Max retirement savings vs. build EFund?

Thanks for the replies, everyone. I think I will continue with Option 2 for the remainder of this year: namely, max wife's 401k, contribute 9K to mine, and then max both Roths. If we get nice bonuses at the end of the year, we can build up the EF in a taxable account a bit quicker. If we don't get ...
by simplesimon
Thu May 25, 2017 2:08 pm
Forum: Personal Consumer Issues
Topic: best for web surfing: trackpoint or touchpad?
Replies: 12
Views: 616

Re: best for web surfing: trackpoint or touchpad?

If you're going to be switching to a laptop with a touchpad, the Macbook is unbeatable because it is made of glass like the iPhone and iPad and its response is phenomenal. I have heard very good things about the red rubber nubbin on Thinkpads but haven't used one extensively yet. Once my 2010 Macboo...
by simplesimon
Thu May 25, 2017 1:47 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg hit piece - Vanguard's Irritating Perch on the Moral High Ground
Replies: 35
Views: 4164

Re: Bloomberg hit piece - Vanguard's Irritating Perch on the Moral High Ground

Vanguard sounds like a mutual savings bank in structure. Not-for-profits certainly make profits - they have to if they intend to stay viable over the long term. See another thread about churches and what can happen when revenues in the form of contributions/donations and investment support dry up. ...
by simplesimon
Thu May 25, 2017 11:06 am
Forum: Investing - Theory, News & General
Topic: Cash flow observation
Replies: 21
Views: 1427

Re: Cash flow observation

How do you define "artificially" high? If the $200k property generates $5k/yr after PITI and maintenance, then the $40k invested is providing a 12.5% dividend instead of a 2.5% dividend if it was purchased with cash. I agree with your points about risk. I agree with you. If someone carefu...
by simplesimon
Thu May 25, 2017 10:44 am
Forum: Investing - Theory, News & General
Topic: Cash flow observation
Replies: 21
Views: 1427

Re: Cash flow observation

Now days, someone who wants a nice cash flow without living an extremely frugal existence, probably needs to think about buying a few rental props. Aside from rental properties working because you are investing your labor (vs. passive investing), a lot of people think rentals work better than they ...
by simplesimon
Thu May 25, 2017 9:15 am
Forum: Investing - Theory, News & General
Topic: Cash flow observation
Replies: 21
Views: 1427

Re: Cash flow observation

Dad's cash flow was 6k a month to the positive, his net worth was around 350k. Dad's brother has a net worth between 3-5 million, yet my dad did everything his brother did. When you get down to it, cash flow is probably several times more important than net worth. Let's look at your dad's brother's...
by simplesimon
Thu May 25, 2017 9:02 am
Forum: Investing - Theory, News & General
Topic: Bloomberg hit piece - Vanguard's Irritating Perch on the Moral High Ground
Replies: 35
Views: 4164

Re: Bloomberg hit piece - Vanguard's Irritating Perch on the Moral High Ground

... Agreed. Although, BlackRock (BLK) is a great stock to own if you'd like to take advantage of the tectonic shift going on from active to passive investment management in the fund industry. Having seen the kind of momentum Vanguard was gaining with fund flows years ago (back in 2010), and thinkin...
by simplesimon
Tue May 23, 2017 3:29 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg hit piece - Vanguard's Irritating Perch on the Moral High Ground
Replies: 35
Views: 4164

Re: Bloomberg hit piece - Vanguard's Irritating Perch on the Moral High Ground

Vanguard sounds like a mutual savings bank in structure. Not-for-profits certainly make profits - they have to if they intend to stay viable over the long term. See another thread about churches and what can happen when revenues in the form of contributions/donations and investment support dry up. A...
by simplesimon
Tue May 23, 2017 2:24 pm
Forum: Personal Consumer Issues
Topic: Has anyone tried Orangetheory Fitness
Replies: 45
Views: 3991

Re: Has anyone tried Orangetheory Fitness

I live too far from the nearest gym to make a membership time efficient. What are some other online fitness programs / apps based on sound methodology that people have used successfully? Are you willing to buy equipment? Could be something as simple as a pull up bar or as expensive as a Peloton (&q...
by simplesimon
Mon May 22, 2017 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Term Insurance via 401k
Replies: 5
Views: 376

Re: Buying Term Insurance via 401k

Paying with pre-tax dollars means your benefit will be pre-tax. It's probably better to save all the headaches and get a simple policy and pay the premiums post-tax.
by simplesimon
Mon May 22, 2017 12:56 pm
Forum: Personal Consumer Issues
Topic: Has anyone tried Orangetheory Fitness
Replies: 45
Views: 3991

Re: Has anyone tried Orangetheory Fitness

I've been in this industry for 13+ years and from what I can tell, some people have an integrated focus to be fit and healthy. These "Health Seekers" are the Class A folks...the people who actively seek out being healthy, regardless of any social component. There there's the Class B group...
by simplesimon
Fri May 19, 2017 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)
Replies: 108
Views: 12739

Re: My dad is taking Social Security at 62, why would anyone not?

Your conclusion seems so out of whack from what most people say because your assumption discounting future cash flows by the inflation rate is faulty. The number on the annual statement is adjusted for inflation each year after age 62. Please consider other factors such as current and near-term heal...
by simplesimon
Fri May 19, 2017 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Delay SS, but claim if market plunges
Replies: 49
Views: 3985

Re: Delay SS, but claim if market plunges

Can't you "pay back" your social security and reset your clock? My father did then when he went back to work, I honestly don't know if it's still a possibility. Also, you could always suspend and start collecting credits again, so the impact would be somewhat muted in this case. On these ...
by simplesimon
Fri May 19, 2017 8:25 am
Forum: Personal Consumer Issues
Topic: Summer outdoor parties - party food ideas
Replies: 20
Views: 1568

Re: Summer outdoor parties - party food ideas

Guessing you'll be out in a public space or somewhere without access to a refrigerator...could you bring a big cooler or two to keep things in before serving? Second the suggestion for watermelon. I prefer cubed vs wedges if you can prep beforehand.
by simplesimon
Fri May 19, 2017 8:16 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts on my ESPP
Replies: 19
Views: 1245

Re: Thoughts on my ESPP

I'm a little confused by your explanation. The holding period is six months after purchase, but the purchase is made six months after the contribution?
by simplesimon
Thu May 18, 2017 3:49 pm
Forum: Investing - Theory, News & General
Topic: International: Where's the benefit?
Replies: 63
Views: 4779

Re: International: Where's the benefit?

OP - you can't look at asset performance in isolation, you need to look at how a portfolio performs. How has a portfolio with both assets compared to the performance of a single asset? Correlation is important and sometimes US and international are correlated and sometimes they're not. What was the ...
by simplesimon
Thu May 18, 2017 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Why 20% House Down Payment?
Replies: 14
Views: 1827

Re: Why 20% House Down Payment?

The required return for the difference in down payment is not simply the rate + 0.15% for a no-PMI loan because the higher rate applies to a larger mortgage. For example, assuming a $500k house and 20% DP that gets you a 4.25% rate and a 5% DP that gets you a 4.40% rate...the investment would need t...
by simplesimon
Wed May 17, 2017 10:00 am
Forum: Personal Consumer Issues
Topic: Regarding Chase Ultimate Rewards Accounts
Replies: 3
Views: 567

Re: Regarding Chase Ultimate Rewards Accounts

I think your friend is wrong and that you can transfer points from Sapphire Reserve to Freedom.
by simplesimon
Tue May 16, 2017 7:32 am
Forum: Investing - Theory, News & General
Topic: What Will Burst the Next Bubble?
Replies: 66
Views: 6244

Re: What Will Burst the Next Bubble?

Healthcare. Much of the finger pointing has been at legislation but I haven't heard anybody I know question the cost of a doctor or a drug treatment. A serious examination and reduction in the price of healthcare will force the system to crater and reset. Hospitals, doctors, nurses, pharmaceutical c...
by simplesimon
Mon May 15, 2017 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else agree with my logic on silicon valley housing?
Replies: 84
Views: 6714

Re: Anyone else agree with my logic on silicon valley housing?

If I put $200k down and borrow the other $800k, I am now leveraged 5:1 on this "investment." But more disturbingly, that investment is almost my entire net worth (I max my 401k out but I'm only 27). So if this condo loses even 10% of its value, I'm in big trouble. Next up will be property...
by simplesimon
Mon May 15, 2017 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance: How Early Is Too Early?
Replies: 14
Views: 1109

Re: Life Insurance: How Early Is Too Early?

Well let's see what the market says. Just using some numbers from Term4Sale for a $1M policy... Exceptional health: 23 years old, 35-year term: $774/yr or $27,090 over the term. 28 years old, 30-year term: $658/yr or $19,740 over the term. 33 years old, 25-year term: $609/yr or $15,225 over the term...
by simplesimon
Mon May 15, 2017 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else dial down retirement savings?
Replies: 32
Views: 5057

Re: Anyone else dial down retirement savings?

The analogy of being "house poor" rings true for me, except in this case it would be "retirement account poor." I would feel like I didn't manage my finances properly if, at age 50, I have $2 million in tax deferred accounts yet not much in any other type of investment vehicle. ...
by simplesimon
Fri May 12, 2017 6:51 am
Forum: Investing - Theory, News & General
Topic: Buffet - The Wrath of Ebit
Replies: 27
Views: 2800

Re: Buffet - The Wrath of Ebit

EBITDA. I should probably watch the video and find out to pronounce it. I've never needed to say it out loud, and hope never to need to. 'EE-BIT-DAH', though some will say it EE-BIT-DEE-AY Thanks! And to be clear, in London one also hears: ehhh-bit-dahh (ie soft e as in edit, not hard e as in ecomm...
by simplesimon
Wed May 10, 2017 7:39 pm
Forum: Personal Consumer Issues
Topic: What newspaper or magazine do you pay for?
Replies: 107
Views: 4223

Re: What newspaper or magazine do you pay for?

adptnt wrote:That Zinio tip is worth paying money for. Many thanks to the contributors who posted that.


+1. This also made me look into what other digital resources are offered by my library...great tip! This thread was worth creating.
by simplesimon
Wed May 10, 2017 2:32 pm
Forum: Investing - Theory, News & General
Topic: Mental accounting: Tool? Crutch? Or no big deal?
Replies: 16
Views: 906

Re: Mental accounting: Tool? Crutch? Or no big deal?

There's a difference between knowing and not knowing when you're acting irrationally. It seems like you recognize why your situation would be defined as mental accounting but it works for you. I vote NBD.
by simplesimon
Wed May 10, 2017 12:26 pm
Forum: Investing - Theory, News & General
Topic: Buffet - The Wrath of Ebit
Replies: 27
Views: 2800

Re: Buffet - The Wrath of Ebit

I wouldn't get too worried, but I agree with Buffett that many people are too focused on EBITDA. I work in banking and there are all sorts of things that can be added to get some over-inflated number sufficient to service debt and an analyst must be careful about which things to include and why. The...
by simplesimon
Wed May 10, 2017 7:31 am
Forum: Personal Consumer Issues
Topic: What newspaper or magazine do you pay for?
Replies: 107
Views: 4223

Re: What newspaper or magazine do you pay for?

I may bite the bullet and subscribe to WSJ. It has good news coverage in addition to financial news, and seems to be one of the few balanced newspapers left. I can no longer get past their paywall, but have found no cheap way to subscribe. Suggestions? carolinaman, there are a few suggestions furth...
by simplesimon
Tue May 09, 2017 9:07 am
Forum: Personal Consumer Issues
Topic: What newspaper or magazine do you pay for?
Replies: 107
Views: 4223

Re: What newspaper or magazine do you pay for?

Jack FFR1846 wrote:I've yet to find anything I can't get for free on the internet, so why?


Maybe this just applies to business but I feel the writing and analysis is lacking in free content.
by simplesimon
Tue May 09, 2017 8:55 am
Forum: Personal Consumer Issues
Topic: What newspaper or magazine do you pay for?
Replies: 107
Views: 4223

What newspaper or magazine do you pay for?

Discussion is not limited to news or business publications but it's what I was most curious about. I find that magazines like Businessweek, Golf, or Men's Health and Fitness have way too many ads. I read NYT online in the mornings and use a Google workaround to read articles I want once I'm past the...
by simplesimon
Mon May 08, 2017 10:06 am
Forum: Investing - Help with Personal Investments
Topic: Taxable instead of Maxing 401(k)
Replies: 26
Views: 2040

Re: Taxable instead of Maxing 401(k)

401K is not an "industry", it's part of the tax code. It certainly does fall under "investing" and the investment industry is huge and some parts are very bad. To address some of this guy's "cons"... 1) "You can't predict your tax rate 30 years from now." Sure...
by simplesimon
Mon May 08, 2017 8:06 am
Forum: Investing - Theory, News & General
Topic: Nice piece by Christine Benz, "Not a portfolio emergency"
Replies: 14
Views: 3042

Re: Nice piece by Christine Benz, "Not a portfolio emergency"

Good message, although $250k in retirement and $20k in cash sounds a lot better than what most people have in their late 40's if you believe most statistics.
by simplesimon
Sat May 06, 2017 7:34 am
Forum: Personal Consumer Issues
Topic: Best salads
Replies: 46
Views: 3823

Re: Best salads

Are you thinking as a side salad or as a main dish? I'll typically add carrots, mushrooms, cucumbers. Boathouse Farms yogurt dressing...but a simple oil and vinegar will do. Add pepper, maybe a little hot sauce. As a main dish, and depending on how many calories you want to add: grilled chicken, avo...
by simplesimon
Thu May 04, 2017 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: How much would you save if you don't have insurance?
Replies: 31
Views: 1994

Re: How much would you save if you don't have insurance?

I can see how my question is unclear. No, unfortunately I am not one of those lucky people. I want to retire one day, but worry that I won't have enough save because I'm considered high risk. I'm not trying to save money by not buying insurance. In your particular situation I'd try to find an emplo...
by simplesimon
Thu May 04, 2017 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: How much would you save if you don't have insurance?
Replies: 31
Views: 1994

Re: How much would you save if you don't have insurance?

Insurance is not a guarantee in the US. So how do you protect yourself? The Affordable Care Act guarantees that an individual can get health insurance (and the proposed American Health Care Act of 2017 keeps this), it just might be very expensive. you are right. I will fix my statement. How much mo...
by simplesimon
Thu May 04, 2017 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: How much would you save if you don't have insurance?
Replies: 31
Views: 1994

Re: How much would you save if you don't have insurance?

kithwang wrote:Insurance is not a guarantee in the US. So how do you protect yourself?


The Affordable Care Act guarantees that an individual can get health insurance (and the proposed American Health Care Act of 2017 keeps this), it just might be very expensive.
by simplesimon
Thu May 04, 2017 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: How much would you save if you don't have insurance?
Replies: 31
Views: 1994

Re: How much would you save if you don't have insurance?

Not sure what you're asking...with no health insurance or Medicare, only the very wealthy in the country, let alone Bogleheads, would be able to afford a catastrophic medical emergency.
by simplesimon
Thu May 04, 2017 9:57 am
Forum: Investing - Help with Personal Investments
Topic: Too much Money?
Replies: 40
Views: 7145

Re: Too much Money?

I don't think what you're asking about is that outrageous. If I save $15k for a car but don't plan to buy a car for a few years, then I stop saving for the car. If I can hit my number in 10 years without any more savings based on some conservative return assumptions, then why not? Sure there will ha...
by simplesimon
Wed May 03, 2017 8:31 pm
Forum: Investing - Theory, News & General
Topic: Ted Seides "Why I lost My Bet With Warren Buffett" - Bloomberg
Replies: 64
Views: 6700

Re: Ted Seides "Why I lost My Bet With Warren Buffett" - Bloomberg

He left Protégé in 2015, to start a hedge fund at Credit Suisse, but apparently that fell through and I'm not clear on what he's doing now. Seems like he's got his own website which contains podcasts, a link to articles about "The Bet" and, according to his LinkedIn, serves as a consultan...
by simplesimon
Wed May 03, 2017 11:19 am
Forum: Personal Consumer Issues
Topic: Buying a diamond ring
Replies: 57
Views: 3366

Re: Buying a diamond ring

Also Blue Nile will pull the diamond from the vault and verify whether it's "eye clean" (ie. free of any inclusions visible to the eye) for you. Have you requested this yourself? It was my understanding that Blue Nile's inventory is very limited and dropships almost all the diamonds they ...
by simplesimon
Wed May 03, 2017 8:53 am
Forum: Investing - Theory, News & General
Topic: Ted Seides "Why I lost My Bet With Warren Buffett" - Bloomberg
Replies: 64
Views: 6700

Re: Ted Seides "Why I lost My Bet With Warren Buffett" - Bloomberg

Warren discussed the bet in this year’s annual letter to Berkshire Hathaway Inc. shareholders, explaining that the high fees active money managers charge create a headwind relative to low-cost passive alternatives. He is correct that hedge-fund fees are high, and his reasoning is convincing. Fees m...
by simplesimon
Tue May 02, 2017 3:29 pm
Forum: Personal Consumer Issues
Topic: Buying a diamond ring
Replies: 57
Views: 3366

Re: Buying a diamond ring

perhaps a boglehead way of buying a diamond... for the carat, if you are looking at a 1.0 carat, consider getting a 0.9 carat instead. There should be a decent cost savings by doing that. Same is true for larger or smaller sizes, I just like using the 1.0 carat vs 0.9 carat as an example. And I may...
by simplesimon
Tue May 02, 2017 3:13 pm
Forum: Personal Consumer Issues
Topic: Buying a diamond ring
Replies: 57
Views: 3366

Re: Buying a diamond ring

I also purchased from White Flash and had an excellent experience. The sales person can pull the specific diamond you want to know about and tell you everything about it (like where an inclusion is located). They provide idealscopes on each diamond so you can see how each perform. Pricescope is the ...
by simplesimon
Tue May 02, 2017 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Convince me that I'm holding too much cash
Replies: 62
Views: 7751

Re: Convince me that I'm holding too much cash

Not a bad thing but if you were comfortable at 5% cash and are questioning 15% cash, why not go back to 5%? Or split the difference and hold 10% cash.
by simplesimon
Mon May 01, 2017 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Term Life and Disability Insurance Recommendations
Replies: 8
Views: 584

Re: Term Life and Disability Insurance Recommendations

Term life insurance: Amount - Think if you or your spouse died tomorrow what your need would be. Term - Think how long it would take for your savings/investments to get to the above amount if you both lived. Disability: You'll want to take the best policy (doesn't just mean term and amount, look ver...
by simplesimon
Wed Apr 26, 2017 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Where did you buy your Long Term Disability Insurance ?
Replies: 36
Views: 2271

Re: Where did you buy your Long Term Disability Insurance ?

1. My agent/broker asked me to get back to him on my group plan first as it may impact my individual supplemental 2. I dont know exactly, all he said, 3% of salary per year for supplemental like 40% of salary If what you're saying is true...$250/month premium for $4k/month benefit, that is on the m...
by simplesimon
Wed Apr 26, 2017 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Sitting mostly in cash. Please help.
Replies: 31
Views: 4823

Re: Sitting mostly in cash. Please help.

$1.06m in total investable dollars translates to about $600k in stocks and $400k in bonds for your stated AA. It looks like you're almost all cash and bonds right now...if it makes you feel comfortable how about investing about $10k/month into stocks until you reach your AA? Assuming no changes it w...

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