Search found 2001 matches

by unclescrooge
Mon Apr 23, 2018 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Building a New Home (Talk me out of it!)
Replies: 61
Views: 4119

Re: Building a New Home (Talk me out of it!)

I also haven't read the entire post but want to chime in. We bought our lovely 5 year old house from a couple who were in the process of divorcing and I couldn't help but think that the planning, arranging, dealing with a bankrupt contractor and stretching themselves beyond their needs partly led t...
by unclescrooge
Mon Apr 23, 2018 9:50 pm
Forum: Personal Consumer Issues
Topic: Your own General Contractor
Replies: 33
Views: 2717

Re: Your own General Contractor

I generally agree that you should not take this on unless you have pretty extensive residential construction experience. If you do have that experience, you'll probably spend more for on quality materials because in your head you don't "want that cheap crap". This likely won't translate into a high...
by unclescrooge
Mon Apr 23, 2018 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Building a New Home (Talk me out of it!)
Replies: 61
Views: 4119

Re: Building a New Home (Talk me out of it!)

2) While perhaps counterintuitive, it is harder for me to justify spending $1.2 million to build the exact same home to live in for the next 15-20 years where the only difference is that I have an extra 100 feet depth of backyard. Then it seems like it would be even harder to justify spending more ...
by unclescrooge
Mon Apr 23, 2018 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Building a New Home (Talk me out of it!)
Replies: 61
Views: 4119

Re: Building a New Home (Talk me out of it!)

2) While perhaps counterintuitive, it is harder for me to justify spending $1.2 million to build the exact same home to live in for the next 15-20 years where the only difference is that I have an extra 100 feet depth of backyard. Then it seems like it would be even harder to justify spending more ...
by unclescrooge
Mon Apr 23, 2018 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Building a New Home (Talk me out of it!)
Replies: 61
Views: 4119

Re: Building a New Home (Talk me out of it!)

My wife would be happy with a 3500 sq foot home - our current home is 3000 and she just wants a walk in closet plus more land. So your wife just wants a little bit more interior space, and a little bit more exterior space. Sounds like she thinks the grass is greener on the other side. A lot of the ...
by unclescrooge
Mon Apr 23, 2018 12:42 am
Forum: Personal Consumer Issues
Topic: Is this solar panel bid reasonable?
Replies: 57
Views: 3709

Re: Is this solar panel bid reasonable?

Thank you, madbrain, for your detailed postings: I have to copy them all to a separate file, print and read carefully. I have been contacting solar installation companies to get a realistic picture of pricing. I have not yet gotten a quote under $3.0/W. It is also quite frustrating that they are no...
by unclescrooge
Sun Apr 22, 2018 12:32 am
Forum: Investing - Theory, News & General
Topic: Is anyone putting money aside into Gold?
Replies: 147
Views: 13992

Re: Is anyone putting money aside into Gold?

I believed the doom websites instead of following my gut. Now my gut tells me to stay out. The gig economy is very elastic. Most of the jobs are part time and don’t include benefits. So while the unemployment rate is low, most of the people hold multiple jobs and those are all dependent on easy cre...
by unclescrooge
Sun Apr 22, 2018 12:25 am
Forum: Investing - Theory, News & General
Topic: Tencent now largest non-US stock
Replies: 40
Views: 4535

Re: Tencent now largest non-US stock

Tencent is more than just a social networking app. Facebook went the advertising/selling your info route to make money. Tencent went the route of allowing their platform to do everything: digital money, bank accounts, cds, mutual funds, shopping, games, government IDs online, ridesharing (taxi), re...
by unclescrooge
Sun Apr 22, 2018 12:21 am
Forum: Investing - Theory, News & General
Topic: Tencent now largest non-US stock
Replies: 40
Views: 4535

Re: Tencent now largest non-US stock

I'm not sure how much we can trust anything reported about a Chinese company. They have the ability to fudge their numbers . And "we" can't--or don't?! The Ten Worst Corporate Accounting Scandals of All Time We know about these because the US and India have laws prohibiting fraudulent accounting, a...
by unclescrooge
Sat Apr 21, 2018 11:24 pm
Forum: Investing - Theory, News & General
Topic: Bill Bonner: what's your take?
Replies: 38
Views: 3326

Re: Bill Bonner: what's your take?

Chicken Little 1990: The sky is falling. Nothing happens. Chicken Little 1991: The sky is falling. Nothing happens. Chicken Little 1992: The sky is falling. Nothing happens.. Chicken Little 1993: The sky is falling. Nothing happens. Chicken Little 1994: The sky is falling. Nothing happens. Chicken ...
by unclescrooge
Sat Apr 21, 2018 10:56 pm
Forum: Investing - Theory, News & General
Topic: Is anyone putting money aside into Gold?
Replies: 147
Views: 13992

Re: Is anyone putting money aside into Gold?

... BTW, earlier in the thread you talked about people whose returns have suffered in the last 10 years. I'm one of them. I got out of stocks in early 2008 before the crash and never got back in. There are some quarters when my 401k earned less than the $20 maintenance fee! I'm about to make out li...
by unclescrooge
Sat Apr 21, 2018 5:29 pm
Forum: Investing - Theory, News & General
Topic: Is anyone putting money aside into Gold?
Replies: 147
Views: 13992

Re: Is anyone putting money aside into Gold?

... BTW, earlier in the thread you talked about people whose returns have suffered in the last 10 years. I'm one of them. I got out of stocks in early 2008 before the crash and never got back in. There are some quarters when my 401k earned less than the $20 maintenance fee! I'm about to make out li...
by unclescrooge
Sat Apr 21, 2018 5:29 am
Forum: Personal Finance (Not Investing)
Topic: How much can mom spend on a house?
Replies: 11
Views: 1715

Re: How much can mom spend on a house?

Back in 2008, this community helped me get my mother's investments reorganized after my father passed away. That post is here: https://www.bogleheads.org/forum/viewtopic.php?t=21661 Thanks to that advice, I was not afraid to move everything to Vanguard and do the lump sum purchases that turned out ...
by unclescrooge
Sat Apr 21, 2018 5:24 am
Forum: Personal Finance (Not Investing)
Topic: How much can mom spend on a house?
Replies: 11
Views: 1715

Re: How much can mom spend on a house?

Life after 70 can change on a dime; a home becomes more difficult to manage with age and more and more services may need to be hired as time passes. What seems easy at 70 may be quite difficult or impossible by age 80. That is tying up a lot of her money in a house, whether it has a mortgage or not...
by unclescrooge
Fri Apr 20, 2018 11:58 pm
Forum: Investing - Help with Personal Investments
Topic: Should I continue to hold REITs?
Replies: 48
Views: 3599

Re: Should I continue to hold REITs?

whodidntante wrote:
Fri Apr 20, 2018 7:29 pm
If I owned REITs, I would sell them.
Why is that?
by unclescrooge
Fri Apr 20, 2018 1:43 pm
Forum: Investing - Theory, News & General
Topic: We crush stock indexes, Yale claims
Replies: 98
Views: 11131

Re: We crush stock indexes, Yale claims

Maybe passive doesn't always beat active? At least for institutional investors. Yale University's endowment has offered a rebuttal to Warren Buffett and other proponents of low-fee, passive investments. In its 2017 annual report, released this week, the Ivy League school's investment office argued ...
by unclescrooge
Thu Apr 19, 2018 9:47 pm
Forum: Personal Consumer Issues
Topic: Recommendation of Security Cameras for Exterior of House
Replies: 47
Views: 8104

Re: Recommendation of Security Cameras for Exterior of House

Thanks everyone. Seems like wifi cameras are in some ways pointless due to having to run power still. Bluebolt - can you please tell me which model you went with? Any other people's recommendations are appreciated. Also, what has worked well for storage for you? Ring has a wireless camera that runs...
by unclescrooge
Thu Apr 19, 2018 9:37 pm
Forum: Personal Consumer Issues
Topic: Is Los Angeles a good place long term to live financially?
Replies: 184
Views: 12602

Re: Is Los Angeles a good place long term to live financially?

CFM300 wrote:
Thu Apr 19, 2018 7:21 pm
Glockenspiel wrote:
Thu Apr 19, 2018 8:35 am
at 967 sq foot house in my Midwest metro area (consistently rated as one of the top places to live in the U.S.), it wouldn't cost more than $150-$200k.
May I ask where that is?
Based on a quick perusal if the Google, I came up with either Austin, or Lansing, MI.
:mrgreen:
by unclescrooge
Thu Apr 19, 2018 9:37 am
Forum: Investing - Theory, News & General
Topic: Bill Bonner: what's your take?
Replies: 38
Views: 3326

Re: Bill Bonner: what's your take?

my husband has really enjoyed following and internalizing Bill Bonner's take on the economy. i'm more Boglehead (didn't know it until recently, but I am) with a leaning toward hoping to get the chance to buy into a market downturn and score some great long-term returns. after reading some of the In...
by unclescrooge
Thu Apr 19, 2018 9:24 am
Forum: Personal Consumer Issues
Topic: Buy rental property out of state !
Replies: 16
Views: 1303

Re: Buy rental property out of state !

Be sure to have a compelling reason to think that buying a rental property will be better than buying a REIT. The lure of a tangible asset is hard to beat. And they make for better cocktail party stories. I have a friend who refuses to invest in the stock market (his stock allocation is 30%, bonds ...
by unclescrooge
Thu Apr 19, 2018 9:19 am
Forum: Personal Consumer Issues
Topic: Buy rental property out of state !
Replies: 16
Views: 1303

Re: Buy rental property out of state !

...Could you share the A B C of successfully doing this ? Sure: 1. Go to bank withdraw $10,000 in $100s. 2. Build a big fire in your back yard. 3. Throw money into fire. You will come out far ahead of owning rental property in a distant location. * * * * * * * * * * * * * I own rentals. I have been...
by unclescrooge
Wed Apr 18, 2018 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Expensive house... does this make sense?
Replies: 24
Views: 2313

Re: Expensive house... does this make sense?

I'm buying my first house to be closer to work, have room to garden and get a dog. I'll basically be moving from the city to the burbs (central LA to SFV) which slightly terrifies me because I cherish being able to walk/take transit everywhere-- but my commute is killing me. My budget was initially...
by unclescrooge
Wed Apr 18, 2018 9:21 pm
Forum: Personal Consumer Issues
Topic: Is Los Angeles a good place long term to live financially?
Replies: 184
Views: 12602

Re: Is Los Angeles a good place long term to live financially?

3. Find a beautiful woman to marry who has a high net worth, and hopefully being in a big city like LA I’d find someone The best market for beautiful rich women is New York City. If you are any good, organize an auction. Victoria This. NYC has the highest % of women of all the major cities. That be...
by unclescrooge
Wed Apr 18, 2018 10:32 am
Forum: Investing - Theory, News & General
Topic: What hedge strategies do you employ?
Replies: 29
Views: 2550

Re: What hedge strategies do you employ?

Not sure how electric consumption would go up over time. Everything is becoming more efficient over time - bulbs, TV's, fridges, hvacs. So even if your consumption went up, the cost would probably stay flat. OTOH, I fully expect my consumption of chocolate and whisky to increase, maybe greater than...
by unclescrooge
Sat Apr 14, 2018 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Could you support family on 1 income?
Replies: 88
Views: 5688

Re: Could you support family on 1 income?

Depends on where you live, how you live, and how much you earn. I'm sure you could, but you might not enjoy the quality of life. On the other hand, why would you want one spouse to stay at home? I assume both of you went to college, and should be contributing members of society. Hmmm, I wonder what...
by unclescrooge
Sat Apr 14, 2018 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Could you support family on 1 income?
Replies: 88
Views: 5688

Re: Could you support family on 1 income?

On the other hand, why would you want one spouse to stay at home? I assume both of you went to college, and should be contributing members of society. Thanks for weighing in to tell us that only people getting a paycheck contribute to society. :oops: If one does not have kids, as is the case of the...
by unclescrooge
Sat Apr 14, 2018 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Could you support family on 1 income?
Replies: 88
Views: 5688

Re: Could you support family on 1 income?

Depends on where you live, how you live, and how much you earn. I'm sure you could, but you might not enjoy the quality of life. On the other hand, why would you want one spouse to stay at home? I assume both of you went to college, and should be contributing members of society. Hmmm, I wonder what...
by unclescrooge
Sat Apr 14, 2018 4:46 pm
Forum: Personal Consumer Issues
Topic: Window blinds to cut costs?
Replies: 8
Views: 1408

Re: Window blinds to cut costs?

Solar shades will make a huge difference.

I used 3 day blinds. They were cheaper than Costco's recommend vendor, even after the 10% cash back offer.
by unclescrooge
Sat Apr 14, 2018 12:52 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Don’t Underestimate Buyback Power
Replies: 12
Views: 2348

Re: Larry Swedroe: Don’t Underestimate Buyback Power

motorcyclesarecool wrote:
Sat Apr 14, 2018 12:44 pm
A “buyback yield” mutual fund could be really nice to have in taxable.
There are several ETFs already, with slightly different twists.

PKW, SYLD, TTFS, TTAC

10% of my portfolio is in one of these.
by unclescrooge
Sat Apr 14, 2018 12:48 pm
Forum: Investing - Theory, News & General
Topic: What hedge strategies do you employ?
Replies: 29
Views: 2550

Re: What hedge strategies do you employ?

FrankLUSMC wrote:
Sat Apr 14, 2018 12:14 pm
unclescrooge wrote:
Sat Apr 14, 2018 9:39 am
I hedge my alcohol and chocolate consumption with a few extra shares of Diageo and Nestle :mrgreen:
Nice, I prefer to use VHT to hedge my addictions! :sharebeer
Solid choice!
by unclescrooge
Sat Apr 14, 2018 12:45 pm
Forum: Investing - Theory, News & General
Topic: What hedge strategies do you employ?
Replies: 29
Views: 2550

Re: What hedge strategies do you employ?

I hedge my alcohol and chocolate consumption with a few extra shares of Diageo and Nestle :mrgreen: Predicting future consumption is also a challenge. You can think if solar power as a hedge against rising electricity costs when you buy or lease 20 or 30 years worth of future electricity, but like ...
by unclescrooge
Sat Apr 14, 2018 12:10 pm
Forum: Investing - Theory, News & General
Topic: Introduction to Treasury Inflation Protected Securities (TIPS)
Replies: 53
Views: 4677

Re: Introduction to Treasury Inflation Protected Securities (TIPS)

Here is a presentation that was assembled for our Bogleheads chapter (Metro-Boston) by a local volunteer (thank you, thank you). It provides a great introduction to Treasury Inflation Protected Securities (TIPS), discussing mechanics, pros, cons, etc. Format is Powerpoint, but you can see the conte...
by unclescrooge
Sat Apr 14, 2018 9:52 am
Forum: Investing - Theory, News & General
Topic: Any value investor buying a Russia fund?
Replies: 92
Views: 5481

Re: A good time [price wise] to buy Russian Stocks?

I don't think Russian stocks are any more attractive today than they were 2,3,4, or 5 years ago. So if you were willing to invest in them then you should still now. Now, they are certainly more attractive than they were in 2007 and 2008, when the Russian CAPE ratio was higher than the US. But that'...
by unclescrooge
Sat Apr 14, 2018 9:49 am
Forum: Investing - Theory, News & General
Topic: Bull Market Timing
Replies: 60
Views: 4452

Re: Bull Market Timing

Can someone remind me why we shouldn’t try to time the market? This bull market has been incredible but it doesn’t take a genius to look at historical averages and see we’re near the end here... I’m trying to stop worrying about the inevitable and just ride it out but it’s tough when you’re dollar ...
by unclescrooge
Sat Apr 14, 2018 9:47 am
Forum: Investing - Theory, News & General
Topic: How many of you have some developed international and EM indexed bond funds in your portfolio?
Replies: 22
Views: 1498

Re: How many of you have some developed international and EM indexed bond funds in your portfolio?

One forth of my bond exposure is EM bonds, via a closed end fund that I bought at a double digit discount. For one, I like buying things at a discount. The yield is 8%, and I believe the yield will fall in the future as these economies develop. Regarding DM bonds, most of them yield nothing. With th...
by unclescrooge
Sat Apr 14, 2018 9:39 am
Forum: Investing - Theory, News & General
Topic: What hedge strategies do you employ?
Replies: 29
Views: 2550

Re: What hedge strategies do you employ?

I hedge my alcohol and chocolate consumption with a few extra shares of Diageo and Nestle :mrgreen:
by unclescrooge
Fri Apr 13, 2018 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Help me decide what to do with my 30 year old NML whole life policies
Replies: 15
Views: 1146

Re: Help me decide what to do with my 30 year old NML whole life policies

Can't you 1035 exchange it into a deferred annuity?
What are the pros and cons?

What happens if you live past 80?
by unclescrooge
Thu Apr 12, 2018 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Broker fee - I think I'm being taken advantage of
Replies: 8
Views: 618

Re: Mortgage Broker fee - I think I'm being taken advantage of

Did you sign a contract? If not, tell him to pound sand. You don't owe him anything. Something similar happened to a friend of mine, a physician. The broker claimed he referred my friend to the bank where he ended up closing with, and thus owed him $10k. I don't think this is legal. He is just preyi...
by unclescrooge
Thu Apr 12, 2018 9:02 pm
Forum: Personal Consumer Issues
Topic: PayPal fund request from unknown person?
Replies: 19
Views: 1493

Re: PayPal fund request from unknown person?

In early March I had $1.99 PayPal ACH transfer out of my account. Since the amount was small I didn't catch it, and 3 weeks later $4000 was removed via another PayPal ACH. This was a direct ACH out of my bank account, not from my paypal account. Luckily, the bank reversed the charges but they said I...
by unclescrooge
Thu Apr 12, 2018 8:00 pm
Forum: Personal Consumer Issues
Topic: Farewell gift for office when quitting job?
Replies: 19
Views: 2434

Re: Farewell gift for office when quitting job?

Champagne, orange juice, donuts
by unclescrooge
Thu Apr 12, 2018 7:58 pm
Forum: Personal Consumer Issues
Topic: Gardening 2018
Replies: 37
Views: 2624

Re: Gardening 2018

peppers wrote:
Sun Apr 08, 2018 11:03 am
I started my pepper seeds in early March. The jalapeno's are growing nicely. The bell peppers are not far behind. I'm in NE Illinois and like the market, the weather has been up and down. Snow possible tonight and tomorrow......groan.....
What are doing to deter gophers?
by unclescrooge
Thu Apr 12, 2018 5:10 pm
Forum: Personal Consumer Issues
Topic: Should I prewire my home network myself?
Replies: 40
Views: 2290

Re: Should I prewire my home network myself?

I don't know if there is much return on a fully wired home. Spend $300 on a mesh router system. Lightning fast and available anywhere. The technology will continue to improve. Are people still recommending fully wired (Coax, ethernet and telephone)? I guess for backwards compatibility and the next ...
by unclescrooge
Thu Apr 12, 2018 5:05 pm
Forum: Investing - Theory, News & General
Topic: Emerging markets tilt
Replies: 37
Views: 3101

Re: Emerging markets tilt

My current EM tilt (roughly 25% of equities) is caused by having loaded up on EM in early 2016, when it seemed like a "be greedy when others are fearful" opportunity. As the EM valuations still seem to be ok, I'm currently keeping it this way. No one knows what the future holds, but my best guess i...
by unclescrooge
Thu Apr 12, 2018 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: Ray Dalio - All-weather - which Vanguard EFTs to invest?
Replies: 20
Views: 2347

Re: Ray Dalio - All-weather - which Vanguard EFTs to invest?

Hi, I'm seeking to implement Ray Dalio's all-weather portfolio (https://www.tonyrobbins.com/wealth-lifestyle/the-end-of-the-bull-market/): 30% in stocks —the S&P 500 or other indexes 40% in long-term bonds (20- to 25-year Treasuries) 15% in immediate term (seven- to ten-year Treasuries) 7.5% in gol...
by unclescrooge
Thu Apr 12, 2018 12:16 pm
Forum: Investing - Theory, News & General
Topic: Emerging markets tilt
Replies: 37
Views: 3101

Re: Emerging markets tilt

My current EM tilt (roughly 25% of equities) is caused by having loaded up on EM in early 2016, when it seemed like a "be greedy when others are fearful" opportunity. As the EM valuations still seem to be ok, I'm currently keeping it this way. No one knows what the future holds, but my best guess i...
by unclescrooge
Thu Apr 12, 2018 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Could you support family on 1 income?
Replies: 88
Views: 5688

Re: Could you support family on 1 income?

Depends on where you live, how you live, and how much you earn.

I'm sure you could, but you might not enjoy the quality of life.

On the other hand, why would you want one spouse to stay at home? I assume both of you went to college, and should be contributing members of society.
by unclescrooge
Wed Apr 11, 2018 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Am I being unreasonable? [Send daughter to private kindergarten]
Replies: 70
Views: 3971

Re: Am I being unreasonable?

Kindergartners need to learn how to properly socialize with others, learn the sounds of the alphabet, learn how to rhyme words, learn to tie their shoes, learn about weather, learn about colors, learn how to write their letters, learn how to listen and ask questions, learn how to use a scissors, le...
by unclescrooge
Tue Apr 10, 2018 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Gift Tax Question?
Replies: 22
Views: 1071

Re: Gift Tax Question?

I would have my dad deposit the money and then write me a check.
by unclescrooge
Tue Apr 10, 2018 6:40 pm
Forum: Investing - Help with Personal Investments
Topic: Entire $24,000 SEP IRA in Vanguard Health Care Fund
Replies: 34
Views: 2289

Re: Entire $24,000 SEP IRA in Vanguard Health Care Fund

Technology isn't going anywhere either.

Neither is agriculture, online shopping, manufacturing companies, financial institutions, consumer staples, etc.

One of these sectors had to have outperformed all others.
by unclescrooge
Tue Apr 10, 2018 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: Are there any simple strategies that can help us squeeze better returns?
Replies: 45
Views: 2989

Re: Are there any simple strategies that can help us squeeze better returns?

Are there any simple strategies that can help us make our returns from the stock market a bit better, or is buy and hold still the best strategy? I'm looking for strategies that can give me just a percent or two of extra ROI per year. Are there any such strategies? On top of my head, I can think of...