Search found 1342 matches

by unclescrooge
Fri Aug 18, 2017 4:18 pm
Forum: Personal Consumer Issues
Topic: Jobs that pay over $100,000
Replies: 57
Views: 3285

Re: Jobs that pay over $100,000

Gill wrote:
Fri Aug 18, 2017 2:56 pm
Heck of a way to pick a career. I think the best advice is for him to pick a field he loves and he'll do well at it. Pursuing a career because it currently pays high wages can lead to a life of unhappiness.
Gill
Maybe unfulfilled is a better term than unhappy?
by unclescrooge
Tue Aug 15, 2017 5:15 pm
Forum: Investing - Theory, News & General
Topic: REITs a disappointment, yet still useful
Replies: 19
Views: 2482

Re: REITs a disappointment, yet still useful

REITs do not behave exactly like equities or bonds. They are useful in a diversified portfolio because of the rebalancing power and the low correlation. Well, according to portfolio vizualizer, VNQ has a correlation with VTI of 0.78 over the period 2004 to the present. Not 1.0, but still pretty hig...
by unclescrooge
Tue Aug 15, 2017 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Due to 8 Year Bull Market, Pay Off Rental Now?
Replies: 35
Views: 3549

Re: Due to 8 Year Bull Market, Pay Off Rental Now?

Let's fast forward 10 months, and assume your rental is paid off?

How are you going to allocate the extra funds? Are they going to go back into the stock market?

What if we're 9 years into a bull market at that point?
by unclescrooge
Fri Aug 11, 2017 2:18 am
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 369
Views: 28789

Re: Your USER NAME...what does it mean?

When I was seven I read a Donald duck comic where he enters Scrooge McDuck's office. On the wall was a plaque with the quote "A penny saved is a penny earned".

That's stuck with me ever since.
by unclescrooge
Thu Aug 10, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: I pay $6K in rent. Am I an idiot for not buying?
Replies: 50
Views: 6358

Re: I pay $6K in rent. Am I an idiot for not buying?

At your income level, the home mortgage is pretty much the only tax deduction you have. I would buy just to get the 50% government subsidy. But the down town condo market is crazy. I think it is over priced. They couldn't move these condos for $300k in 2009, and now they're $900k with $750/month HO...
by unclescrooge
Thu Aug 10, 2017 12:56 am
Forum: Personal Finance (Not Investing)
Topic: Home Office/Commute Tax write off question
Replies: 5
Views: 769

Re: Home Office/Commute Tax write off question

I would take standard home office deduction. Then I would NOT take the mileage from home to the main office, but deduct the mileage between hospitals. It'll still be a pretty substantial deduction. I have a hard time believing you could justify the use of a home office for a place where you did NOT ...
by unclescrooge
Thu Aug 10, 2017 12:29 am
Forum: Personal Finance (Not Investing)
Topic: I pay $6K in rent. Am I an idiot for not buying?
Replies: 50
Views: 6358

Re: I pay $6K in rent. Am I an idiot for not buying?

At your income level, the home mortgage is pretty much the only tax deduction you have. I would buy just to get the 50% government subsidy. But the down town condo market is crazy. I think it is over priced. They couldn't move these condos for $300k in 2009, and now they're $900k with $750/month HOA...
by unclescrooge
Wed Aug 09, 2017 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: Should I sell my rental property?
Replies: 15
Views: 1932

Re: Should I sell my rental property?

We own a rental property in a suburb of Boston (out-of-state). It's worth about $400-450K and we owe about $180K. We currently net cashflow approximately $700 /month, fully managed. We're considering selling and 1031 exchanging a property in our current city in SoCal or rolling the funds into a lar...
by unclescrooge
Wed Aug 09, 2017 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Should I sell my rental property?
Replies: 15
Views: 1932

Re: Should I sell my rental property?

I don't think you can do a 1031 exchange to make it your primary residence. So you're stuck renting in CA unless you pay capital gains on the sale. While you can't 1031 into a primary residence, there's nothing stopping a landlord from moving into his own rental. So you just need to get creative......
by unclescrooge
Tue Aug 08, 2017 11:20 pm
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads Los Angeles meetings
Replies: 141
Views: 13692

Re: Bogleheads Los Angeles meetings

Anything ever happen here ? Landlording! Local or remote? I'm currently a remote landlord. (Have properties in the Midwest) I'm considering getting into something on the west coast. Is Landlording a fun activity? never tried it. It's tons of fun. Even better when you make a couple of bucks a month ...
by unclescrooge
Tue Aug 08, 2017 9:48 pm
Forum: Investing - Theory, News & General
Topic: Still Buying As planned Regardless Of The World Situation
Replies: 72
Views: 7597

Re: Still Buying As planned Regardless Of The World Situation

Today I purchased more VTI as the money became available. It seems that everyone in my group of friends keep on talking about how high the market is and how bad the world situation is but of course won`t buy any more shares. It`s a real wall of worry as they say. Call me crazy but I do try to ignor...
by unclescrooge
Tue Aug 08, 2017 9:41 pm
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads Los Angeles meetings
Replies: 141
Views: 13692

Re: Bogleheads Los Angeles meetings

I will attend if the schedule works. Some years back attended meetings in LA/OC and even hosted a couple in Pasadena. Nice to meet and talk to kindred spirits. Downtown near a metro is a good idea. Anything ever happen here ? Not that I am aware of. I don't get into the city much as I'm always on a...
by unclescrooge
Tue Aug 08, 2017 9:39 pm
Forum: Investing - Theory, News & General
Topic: Certified Financial Planner experience for biz cash
Replies: 8
Views: 643

Re: Certified Financial Planner experience for biz cash

Tactical trading is usually more marketing fluff, and less actual substance. While I do overweight/underweight based on value, I don't kid myself about beating SP500. I can beat a target retirement fund, but I expect to lose money in a bear market, just like everyone else. In a bear market/recession...
by unclescrooge
Tue Aug 08, 2017 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: Tesla - next big lottery ticket ?
Replies: 167
Views: 15075

Re: Tesla - next big lottery ticket ?

I don't get this idea of play money. 15 years ago, I invested what I considered play money in a private placement. It was, literally, 10 basis points of our current NW and it still bothers me more than any other investment, many of which went south more substantially in $ terms. I feel that way bec...
by unclescrooge
Tue Aug 08, 2017 12:06 pm
Forum: Investing - Theory, News & General
Topic: Recovery of the U.S. Housing Market?
Replies: 15
Views: 1958

Re: Recovery of the U.S. Housing Market?

Another data point: https://www.curbed.com/maps/most-expensive-homes-for-sale-us-real-estate Real estate in 2016 was bananas, and 2017 looks to be more of the same. Early in the year, we saw a new most expensive listing in the country: a bonkers $250M spec house in Bel Air, Los Angeles with a "cura...
by unclescrooge
Sun Aug 06, 2017 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Tesla - next big lottery ticket ?
Replies: 167
Views: 15075

Re: Tesla - next big lottery ticket ?

I don't get this idea of play money. 15 years ago, I invested what I considered play money in a private placement. It was, literally, 10 basis points of our current NW and it still bothers me more than any other investment, many of which went south more substantially in $ terms. I feel that way bec...
by unclescrooge
Sat Aug 05, 2017 8:21 pm
Forum: Investing - Help with Personal Investments
Topic: Wunder Capital - Thoughts?
Replies: 4
Views: 458

Re: Wunder Capital - Thoughts?

Just heard an ad for this on Radical Personal Finance. Appears to be funds of bonds for commercial solar projects. Claims to return 8.5% for 7 year notes. Would anyone throw some play money into this? Seems at least as good as Peer to Peer lending? https://www.wundercapital.com/investor/offerings h...
by unclescrooge
Sat Aug 05, 2017 8:02 pm
Forum: Personal Consumer Issues
Topic: Drinking water price craziness
Replies: 80
Views: 7089

Re: Drinking water price craziness

There is a whole pseudoscience about "alkaline" water, don't worry about the waters pH. Your kidneys have evolved and/or been created to maintain an optimal pH of your body. Some quack on the radio stated with great confidence that acidic water is what causes cancer. I can see how a lot of people w...
by unclescrooge
Fri Aug 04, 2017 12:37 pm
Forum: Personal Consumer Issues
Topic: Home Remodeling Expenses
Replies: 12
Views: 1378

Re: Home Remodeling Expenses

a) most home remodels end in divorce b) everything will take far longer than you think; our house has been torn up for 1/5 years, and we have barely started c) it will cost more than you think When I was young, I did it all myself. Now I would never do it again, even with contractors and architects...
by unclescrooge
Fri Aug 04, 2017 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Are we house poor? [Property Tax Madness]
Replies: 79
Views: 7810

Re: Are we house poor?

You are the opposite of house poor.

You need to lighten up a bit and live a little. Life is lived in the present. You can't keep deferring your enjoyment indefinitely!
by unclescrooge
Thu Aug 03, 2017 12:29 am
Forum: Personal Consumer Issues
Topic: does solar increase the value of a house
Replies: 61
Views: 5187

Re: does solar increase the value of a house

At least here in Southern CA, I think the answer is 'yes.' Property appraisers ask if any upgrades have been done to the house, I reply with Solar. The buyer can also think of it as $200/month they can apply toward a higher mortgage. Solar is very common here these days. On the other hand, utilitie...
by unclescrooge
Mon Jul 31, 2017 11:03 pm
Forum: Personal Consumer Issues
Topic: How much should I fix up my house before selling?
Replies: 10
Views: 1774

Re: How much should I fix up my house before selling?

Renovate enough to where you no longer need to move. That had the most bang for your buck :mrgreen:
by unclescrooge
Mon Jul 31, 2017 6:43 pm
Forum: Personal Consumer Issues
Topic: Wooden flooring in kitchen
Replies: 51
Views: 4213

Re: Wooden flooring in kitchen

HoosierJim wrote:If going wood, use a dishwasher pan or independently seal and drain the area below the dishwasher.


great idea!
by unclescrooge
Sat Jul 29, 2017 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with 3oz of gold?
Replies: 28
Views: 4439

Re: What to do with 3oz of gold?

I have a few oz of gold similar to these gold bars m what do you recommend I do with these? Continue to hold onto them? Sell them for cash? I don't need the cash at this time but I wanted to see if there's a way to invest it or not. Why did you buy them? I bought a bunch after I sold my home in 200...
by unclescrooge
Sat Jul 29, 2017 11:00 pm
Forum: Investing - Help with Personal Investments
Topic: How to transfer out of vanguard?
Replies: 29
Views: 3001

Re: How to transfer out of vanguard?

I had a incident with my funds at vanguard that has made me loose all trust in them.... A different story in itself... But... How does one transfer funds from vanguard to say fidelity? I have a ira, roth, and a old 401k. Thanks, James Sorry you've had a bad experience. Call fidelity and have then w...
by unclescrooge
Sat Jul 29, 2017 10:56 pm
Forum: Personal Consumer Issues
Topic: Wooden flooring in kitchen
Replies: 51
Views: 4213

Re: Wooden flooring in kitchen

I had installed engineered wood floor in my living room/kitchen in the condo. There was a leak from the dish washer and it damaged the wood before I realized. I installed the wood floor myself and it was of a click lock type. There is no glue, you can remove and put it back easily. I lived with the...
by unclescrooge
Sat Jul 29, 2017 11:22 am
Forum: Personal Consumer Issues
Topic: Buying a house four months before a lease has expired
Replies: 18
Views: 923

Re: Buying a house four months before a lease has expired

I would say that your upper limit is more like 3 months lease.

Try finding a tenant on your own and then tell the landlord your "friend" wants to take over your lease.
by unclescrooge
Sat Jul 29, 2017 11:18 am
Forum: Personal Consumer Issues
Topic: Wooden flooring in kitchen
Replies: 51
Views: 4213

Re: Wooden flooring in kitchen

I had installed engineered wood floor in my living room/kitchen in the condo. There was a leak from the dish washer and it damaged the wood before I realized. I installed the wood floor myself and it was of a click lock type. There is no glue, you can remove and put it back easily. I lived with the...
by unclescrooge
Sat Jul 29, 2017 11:17 am
Forum: Personal Consumer Issues
Topic: Wooden flooring in kitchen
Replies: 51
Views: 4213

Re: Wooden flooring in kitchen

I had installed engineered wood floor in my living room/kitchen in the condo. There was a leak from the dish washer and it damaged the wood before I realized. I installed the wood floor myself and it was of a click lock type. There is no glue, you can remove and put it back easily. I lived with the...
by unclescrooge
Sat Jul 29, 2017 11:02 am
Forum: Personal Consumer Issues
Topic: Wooden flooring in kitchen
Replies: 51
Views: 4213

Re: Wooden flooring in kitchen

Thanks everyone for all the replies.

So it seems it might not be as bad as I thought.

We're going with a pre-finished, wire brushed, solid 3/4 inch oak floor. Hopefully this will hold up well.

We do have very young kids, but I'll resign myself to refinishing the floor in 10 years.
by unclescrooge
Sat Jul 29, 2017 10:59 am
Forum: Personal Consumer Issues
Topic: Wooden flooring in kitchen
Replies: 51
Views: 4213

Re: Wooden flooring in kitchen

What do you consider impractical about it? One of the things I like about the oak floor in my kitchen is the practicality of it (one example -- no grout to clean; another example -- no threshold between kitchen and adjoining rooms which also have oak floors). If I'm still living here when the time ...
by unclescrooge
Fri Jul 28, 2017 11:40 pm
Forum: Personal Consumer Issues
Topic: Wooden flooring in kitchen
Replies: 51
Views: 4213

Wooden flooring in kitchen

I'm remodeling a house, and wife wants an open floor plan. So we will have a very large living room and kitchen and she wants wood flooring throughout. As impractical as this is, this seems to be the latest trend in high end homes in SoCal. For those of you that went this route, how would you rate y...
by unclescrooge
Wed Jul 26, 2017 6:05 pm
Forum: Personal Consumer Issues
Topic: Rental car using travel rewards?
Replies: 5
Views: 455

Re: Rental car using travel rewards?

If you have the Chase Sapphire Reserve or the Sapphire Preferred card, both provide primary insurance coverage as long as you have your points balance with one of those cards or can transfer Ultimate Rewards points from other cards to one of those two, and then book the rental car using the UR port...
by unclescrooge
Wed Jul 26, 2017 8:12 am
Forum: Personal Consumer Issues
Topic: Rental car using travel rewards?
Replies: 5
Views: 455

Rental car using travel rewards?

I will be renting a car on my upcoming trip to Hawaii. I was planning on using my Chase travel rewards, but then I realized I might not get the benefit of insurance coverage that many credit cards offer. What does the collective wisdom of the board suggest? Use rewards and buy insurance, forgo insur...
by unclescrooge
Tue Jul 25, 2017 11:01 pm
Forum: Investing - Theory, News & General
Topic: Are bitcoins nonsense?
Replies: 73
Views: 4439

Re: Are bitcoins nonsense?

I don't invest in bitcoins because of these two adages I follow: 1) I don't invest in what I don't understand 2) Complex investments generally only benefit those making the rules Some people say bitcoins are not complex. I have a Masters in engineering and I can't understand them. Plus how much of ...
by unclescrooge
Tue Jul 25, 2017 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: Emerging market funds
Replies: 30
Views: 2184

Re: Emerging market funds

Is it good to include some emerging market funds in your IRA? I just dumped IEMG out of mine but wonder if I should have. Morningstar gives it 3 stars. ER is .14%. Includes stocks in emerging market countries. Are you selling it based on past performance, the low morningstar ratings, or the "h...
by unclescrooge
Mon Jul 24, 2017 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: Rich kid want to transfer stock to parents, good or bad idea ?
Replies: 25
Views: 3436

Re: Rich kid want to transfer stock to parents, good or bad idea ?

What a nice kid!

You should take it.

If you die without using this gift, it would be nice for him to get it back, rather than having to share it with his siblings.

If you agree, make sure you make provisions for this to happen.
by unclescrooge
Mon Jul 24, 2017 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Another bay area housing thread..
Replies: 132
Views: 10609

Re: Another bay area housing thread..

I would say buy, with a large down payment.

But, if you're planning on having kids, how much does day care run?
If it's $2k per month, you should factor this in.
by unclescrooge
Sun Jul 23, 2017 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: What's you safety deposit box fee?
Replies: 50
Views: 3140

Re: What's you safety deposit box fee?

Chase.
Free. One box each for both my and my wife.
by unclescrooge
Sun Jul 23, 2017 9:30 pm
Forum: Investing - Theory, News & General
Topic: How leveraged should your US market investments have been?
Replies: 16
Views: 1635

Re: How leveraged should your US market investments have been?

Some of my closed-end bond funds employ up to 1.3x leverage.

The returns have been pretty good, especially when bought at a discount to the net asset value.
by unclescrooge
Sun Jul 23, 2017 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Investing in an AirBNB unit? ROI?
Replies: 32
Views: 3026

Re: Investing in an AirBNB unit? ROI?

I'm looking at liquidating 300k of our taxable account and investing in an AirBnB unit. I haven't spent a lot of time trying to develop a business plan, but wondering if others feel AirBNB / VRBO is a good return on investment compared to the stock market? I'm thinking we could rent our unit for $2...
by unclescrooge
Fri Jul 21, 2017 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Those Of You In a HCOLA - What's Your Financial Plan
Replies: 68
Views: 6983

Re: Those Of You In a HCOLA - What's Your Financial Plan

You’re doing great if you’re saving $4k out of $9k per month and are only in your mid-20s. The thing to watch for is not adjusting your lifestyle up too much as you get pay raises in the years ahead. That can occur easily if you don't watch it. We live in the Bay Area and are in our early 40s with ...
by unclescrooge
Fri Jul 21, 2017 12:02 pm
Forum: Investing - Theory, News & General
Topic: Do you find financial advisors to be all that bright?
Replies: 53
Views: 4899

Re: Do you find financial advisors to be all that bright?

When I worked for a living--up until 10 weeks ago--I had a team of intelligent executives to bang ideas with on a daily basis. These were accomplished people who would challenge me and push me to the max; a exhilarating experience all around that I probably took for granted. In the past 10-12 years...
by unclescrooge
Thu Jul 20, 2017 12:04 am
Forum: Personal Finance (Not Investing)
Topic: Those Of You In a HCOLA - What's Your Financial Plan
Replies: 68
Views: 6983

Re: Those Of You In a HCOLA - What's Your Financial Plan

You’re doing great if you’re saving $4k out of $9k per month and are only in your mid-20s. The thing to watch for is not adjusting your lifestyle up too much as you get pay raises in the years ahead. That can occur easily if you don't watch it. We live in the Bay Area and are in our early 40s with ...
by unclescrooge
Wed Jul 19, 2017 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Those Of You In a HCOLA - What's Your Financial Plan
Replies: 68
Views: 6983

Re: Those Of You In a HCOLA - What's Your Financial Plan

Anyway, I'm curious how other people feel. What are you doing with your money? What are those around you doing with theirs? Do you think that in the long term these cities are creating an unsustainable reality or do you think that they can go like this forever (forever being a relative word of cour...
by unclescrooge
Wed Jul 19, 2017 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for a house around San Jose, CA
Replies: 18
Views: 1810

Re: Looking for a house around San Jose, CA

We don't mind looking into these areas but concerned that when the time comes to sell the house, which can be anywhere from 3-10 years, due to lower rated schools, selling would be challenging. Is this still applicable in SJ area where housing market is on fire? Another factor to consider is what t...
by unclescrooge
Wed Jul 19, 2017 2:42 pm
Forum: Personal Consumer Issues
Topic: Where did you make your wedding album?
Replies: 8
Views: 601

Re: Where did you make your wedding album?

The main goal of a wedding album is to incite jealously in the wife's friends/relatives who couldn't make it/weren't invited, and remind the ones that did come how amazing it was. :mrgreen:

Spend accordingly.
by unclescrooge
Wed Jul 19, 2017 10:04 am
Forum: Personal Consumer Issues
Topic: Books not to read.
Replies: 155
Views: 11905

Re: Books not to read.

Yes, it is also possible to fish coins from a sewer. Doesn't make it a good use of time. Rich dad poor dad I disagree on this one. Some things I took away from this book is to live below your means, always be selling/improving yourself, and invest (the book pushes real estate, but it can clearly be...
by unclescrooge
Wed Jul 19, 2017 9:50 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Windhaven for SimpleIRA
Replies: 8
Views: 283

Re: Schwab Windhaven for SimpleIRA

They believe in tactical allocation. They're okay. They won't rip you off. I think you'd do better in a lifestyle fund. Their globally diversified portfolio returned 10.6% over the last 12 months. That's considerably worse than what I did in my portfolio. I'd expect better from a tactical shop. Hi ...
by unclescrooge
Wed Jul 19, 2017 8:42 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Windhaven for SimpleIRA
Replies: 8
Views: 283

Re: Schwab Windhaven for SimpleIRA

Hi all, A while back, I posted about our current Schwab RIA who was doing a pretty poor job of investing my wife's SimpleIRA contributions (https://www.bogleheads.org/forum/viewtopic.php?f=1&t=201765&p=3091114#p3091114) In a nut shell, he keeping everything in cash, trying to time the marke...