Search found 1232 matches

by unclescrooge
Tue Jun 27, 2017 12:10 am
Forum: Personal Finance (Not Investing)
Topic: Realtor fee negotiations
Replies: 15
Views: 1056

Re: Realtor fee negotiations

I've always been able to negotiate prices.

So long as you're willing to walk away you have the upper hand.

Or you could use redfin, if it's available in your area.
by unclescrooge
Mon Jun 26, 2017 8:18 pm
Forum: Investing - Theory, News & General
Topic: International Stocks - New thoughts
Replies: 70
Views: 3775

Re: International Stocks - New thoughts

I agree with most of what you posted above. I have my doubts about China, for one thing I am dubious about the GDP growth numbers that China claims. Also not a Putin fan, it would be hard for me to commit large dollars to the Russian market. I am certain that I own Chinese and Russian stocks throug...
by unclescrooge
Sun Jun 25, 2017 3:53 pm
Forum: Investing - Theory, News & General
Topic: International Stocks - New thoughts
Replies: 70
Views: 3775

Re: International Stocks - New thoughts

Hubris. We'd all like to think the almighty dollar and great USA will never be overshadowed by third world countries. But mean reversion works in investing, and in economies as well. At some point the sun will set on the U.S. Empire and some other country will have its day in the sun. It's true, you...
by unclescrooge
Sun Jun 25, 2017 3:37 pm
Forum: Investing - Theory, News & General
Topic: Robots Are Eating Money Managers’ Lunch
Replies: 21
Views: 2724

Re: Robots Are Eating Money Managers’ Lunch

Automaton had been killing jobs for a century. At the turn of the last century, 30% of the people were employed in agriculture. Now it's 3%. It's just a matter of time before YOUR job is replaced. Heck, the bots will learn how to both post on Bogleheads and how to read the threads. Pretty much a ba...
by unclescrooge
Sun Jun 25, 2017 3:02 pm
Forum: Investing - Theory, News & General
Topic: Robots Are Eating Money Managers’ Lunch
Replies: 21
Views: 2724

Re: Robots Are Eating Money Managers’ Lunch

Automaton had been killing jobs for a century.

At the turn of the last century, 30% of the people were employed in agriculture. Now it's 3%.

It's just a matter of time before YOUR job is replaced.
by unclescrooge
Sun Jun 25, 2017 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Can we/should we afford a $2M house?
Replies: 47
Views: 5432

Re: Can we/should we afford a $2M house?

Questions: 1. In these builder situations, when is the earliest I can lock in a mortage and should I lock in a rate now or wait? The builder's have their own mortage company, but, obviously, I want to shop around 2. Assuming our rate of savings at least 40K/month continues, we would have more cash ...
by unclescrooge
Sun Jun 25, 2017 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: "Disruptive" life insurance
Replies: 8
Views: 1144

Re: "Disruptive" life insurance

I just used ladder life site to get a $1 M term life quote.

The quote generated for a non smoker in excellent health is 68% than the policy I got last year from policygenius.com.

I know rates increase every year, but I doubt they would increase to that extent.
by unclescrooge
Sun Jun 25, 2017 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: rental property
Replies: 3
Views: 329

Re: rental property

I don't see how you are deducting any of the passive activity losses on your taxes. My understanding was that these phase out once income exceeds $150k. Maybe the expenditures offsets the income? Personally, I would keep it. In fact, I'd add a few more and hire a property manager. As I've jokingly t...
by unclescrooge
Fri Jun 23, 2017 11:24 am
Forum: Personal Consumer Issues
Topic: Surge Protector for Refrigerator
Replies: 25
Views: 1810

Re: Surge Protector for Refrigerator

You could also look into a whole house surge protector - I believe that exists. This is what I did. I have high end surge protector's on my TV and computer equipment, but wanted something for the fridge, washer, dryer, water heater, oven, etc. as a just-in-case. Got a whole-house surge protector ad...
by unclescrooge
Fri Jun 23, 2017 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Co-workers advising to buy house RIGHT NOW
Replies: 62
Views: 5427

Re: Co-workers advising to buy house RIGHT NOW

Thanks everyone for thoughtful and helpful responses. What is keeping me awake in the night is the scary thought that home prices may go up and up and reach millions like CA, Seattle etc. Also, this bull market is not showing any remote signs of weakness. As a correction/crash seems far away, not e...
by unclescrooge
Thu Jun 22, 2017 8:46 pm
Forum: Investing - Theory, News & General
Topic: Replacing bonds with actively managed real estate
Replies: 19
Views: 1372

Re: Replacing bonds with actively managed real estate

CurlyDave wrote:
I bought my first rental in my late 20s...


Thank you for this very insightful post!
:sharebeer
by unclescrooge
Thu Jun 22, 2017 8:36 pm
Forum: Investing - Theory, News & General
Topic: Costco vs. Amazon - Thoughts of Prime Members?
Replies: 55
Views: 5376

Re: Costco vs. Amazon - Thoughts of Prime Members?

I've owned very few individual stocks, but I'm a strong Costco supporter and own a pittance of their stock. It's "fun money" as we might call it. Costco has slipped from $180 to $159 since Amazon purchased Whole Foods. I can't see any correlation between Amazon owning a grocery store and ...
by unclescrooge
Thu Jun 22, 2017 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: House Deed Covenant Enforceability
Replies: 43
Views: 3360

Re: House Deed Covenant Enforceability

it appears the best route would be to place a 10 year mortgage on the home and pay off all the high interest credit cards. No. Don't even think about this one second longer. Use the Dave Ramsey snowball effect on paying off credit cards. https://www.daveramsey.com/blog/get-out-of-debt-with-the-debt...
by unclescrooge
Thu Jun 22, 2017 3:09 pm
Forum: Investing - Theory, News & General
Topic: Your Favorite Portfolio Tilts
Replies: 86
Views: 5956

Re: Your Favorite Portfolio Tilts

I tilt towards relative value. Right now, that means I'm over weight EM, particularly China, and EM Bonds. I'm under weight developed market intl bonds (0% allocation) and US stocks. In the US, I tilt towards value and quality. This in an active portfolio and more work than a passive portfolio. But ...
by unclescrooge
Thu Jun 22, 2017 11:59 am
Forum: Investing - Theory, News & General
Topic: Argentina issuing 100-year bond.
Replies: 64
Views: 5557

Re: Argentina issuing 100-year bond.

To me, this security underlines the problems with EM bond investing. By acquiring this bond, an EM bond fund manager increases yield. That probably attracts investors to the fund. But it's also moved the risk needle to the right. EM bonds have considerable macroeconomic risk. It's like buying Greek...
by unclescrooge
Thu Jun 22, 2017 10:14 am
Forum: Investing - Theory, News & General
Topic: Replacing bonds with actively managed real estate
Replies: 19
Views: 1372

Re: Replacing bonds with actively managed real estate

...When I compare the above, and see an 8% cap rate that actually generates income, I don't see why I would stay heavily in bonds and avoid real estate. Instead, I'm looking at minimizing my bond allocation and purchasing real estate as a better fit for what they call the "fixed income" p...
by unclescrooge
Thu Jun 22, 2017 8:24 am
Forum: Investing - Theory, News & General
Topic: Argentina issuing 100-year bond.
Replies: 64
Views: 5557

Re: Argentina issuing 100-year bond.

Argentina has a history of defaulting on it's debt obligations. It's defaulted several times in the past 200 years. I vaguely recall the last time being around 1999 (please correct me if I'm wrong). I can't believe anyone (person, corporate, pension, etc) in his right mind would buy this debt with ...
by unclescrooge
Wed Jun 21, 2017 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Co-workers advising to buy house RIGHT NOW
Replies: 62
Views: 5427

Re: Co-workers advising to buy house RIGHT NOW

boomer wrote:If interest rates go up, prices will go down.


I've been hearing this since 2004. I'm still waiting for mortgage rates to go up. :mrgreen:
by unclescrooge
Wed Jun 21, 2017 12:33 pm
Forum: Investing - Theory, News & General
Topic: Argentina issuing 100-year bond.
Replies: 64
Views: 5557

Re: Argentina issuing 100-year bond.

Argentina has a history of defaulting on it's debt obligations. It's defaulted several times in the past 200 years. I vaguely recall the last time being around 1999 (please correct me if I'm wrong). I can't believe anyone (person, corporate, pension, etc) in his right mind would buy this debt with ...
by unclescrooge
Wed Jun 21, 2017 10:50 am
Forum: Investing - Theory, News & General
Topic: Argentina issuing 100-year bond.
Replies: 64
Views: 5557

Re: Argentina issuing 100-year bond.

Argentina has a history of defaulting on it's debt obligations. It's defaulted several times in the past 200 years. I vaguely recall the last time being around 1999 (please correct me if I'm wrong). I can't believe anyone (person, corporate, pension, etc) in his right mind would buy this debt with a...
by unclescrooge
Tue Jun 20, 2017 11:01 pm
Forum: Investing - Help with Personal Investments
Topic: Royalties &/or Residuals: Invest?
Replies: 6
Views: 537

Re: Royalties &/or Residuals: Invest?

Sex, drugs, and rock'n roll.
by unclescrooge
Tue Jun 20, 2017 10:49 pm
Forum: Investing - Help with Personal Investments
Topic: [Kicked out of Vanguard; Moving to Merrill]
Replies: 20
Views: 1994

Re: Kicked out of Vanguard; now what

Hello. I have an interesting situation. I am a US citizen who 6 months ago took a position working in Canada. Additionally I have been, on the advice of the experts here, been slowly transferring all my taxable retirement assets to Vanguard's Target Retirement 2025 Fund. After sending an email to V...
by unclescrooge
Tue Jun 20, 2017 10:41 pm
Forum: Investing - Help with Personal Investments
Topic: Beneficiary IRA Rollover without deceased's SSN
Replies: 9
Views: 618

Re: Beneficiary IRA Rollover without deceased's SSN

The account has been there for several years (since 2008) during which time it has barely grown, since it's in 100% bonds. If her mom died after age 70.5, she had to be taking Required Minimum Distributions (RMDs). So even though the account was growing, the mom had to withdraw from it, so it could...
by unclescrooge
Tue Jun 20, 2017 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: Beneficiary IRA Rollover without deceased's SSN
Replies: 9
Views: 618

Re: Beneficiary IRA Rollover without deceased's SSN

Sounds to me like the advisor and the father are conspiring to withhold this SSN. The father knows the SSN and the advisor probably also knows it or how to get it with or without the father's help. After appealing this request to the intended beneficiary IRA custodian with no success, maybe conside...
by unclescrooge
Tue Jun 20, 2017 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy an $800k house?
Replies: 89
Views: 6011

Re: Should I buy an $800k house?

No need to take it personally. Most people are NOT driven by optimizing their house-to-salary ratio. My wife is one of them. Several years ago, she gave me a 30 mile radius to find a house from a specific location. I chose a house 29 miles away. That later changed to one specific tiny zip code. Eve...
by unclescrooge
Tue Jun 20, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy an $800k house?
Replies: 89
Views: 6011

Re: Should I buy an $800k house?

You wouldn't. And it follow that any place where there is a large number of jobs will attract a large number of job-seekers. If the jobs pay a high enough wage that will drive up housing prices. If real estate is depressed in your city, there's probably a very good reason for it. unclescrooge, Come...
by unclescrooge
Tue Jun 20, 2017 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Has Vanguard gotten too big?
Replies: 30
Views: 4037

Re: Has Vanguard gotten too big?

FelixTheCat wrote:Am I the only one that has had excellent customer service? I call and they answer. I write and they respond.


Yes, you're the exception, quite possibly because you're exceptional! :mrgreen:
by unclescrooge
Tue Jun 20, 2017 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Beneficiary IRA Rollover without deceased's SSN
Replies: 9
Views: 618

Beneficiary IRA Rollover without deceased's SSN

I'm helping a friend transfer an existing Beneficiary IRA from her father's advisor to a self-managed account. The account has been there for several years (since 2008) during which time it has barely grown, since it's in 100% bonds. Opening an account at a new brokerage requires the deceased's SSN....
by unclescrooge
Tue Jun 20, 2017 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy an $800k house?
Replies: 89
Views: 6011

Re: Should I buy an $800k house?

Aren't you ignoring the fact that rents keep going up too. Rents in Los Angeles have nearly doubled in the past 10 years. If you like a city enough to live there permanently then won't you always need a place to live? unclescrooge, << Aren't you ignoring the fact that rents keep going up too. Rents...
by unclescrooge
Tue Jun 20, 2017 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy an $800k house?
Replies: 89
Views: 6011

Re: Should I buy an $800k house?

For buying the home, Based on mortgage of 624k, the amount per month is about $4000. (incl 624k mortgage, 4% interest rate, HOA, 1.2% property tax, insurance $100 per month) Seattler123, You are missing one big item: the opportunity cost of the 800K - 624K = 176K down payment. If you do not buy the...
by unclescrooge
Tue Jun 20, 2017 8:13 am
Forum: Investing - Help with Personal Investments
Topic: Has Vanguard gotten too big?
Replies: 30
Views: 4037

Re: Has Vanguard gotten too big?

Not everyone needs to make the same choice. One company may not be the best option for everyone. That's why choices exist. The fact that they have over 4 trillion dollars in assets despite their shortcomings is very telling in my opinion. They have $4t under management through their funds, not dire...
by unclescrooge
Mon Jun 19, 2017 11:47 pm
Forum: Investing - Help with Personal Investments
Topic: Collecting Dividends, Waiting for Market Drop?
Replies: 25
Views: 1869

Re: Collecting Dividends, Waiting for Market Drop?

The emminent crash has been coming for at least 3 years now, a lot of dividends would be sitting there doing nothing. If everyone is expecting a crash, it is not normally the time to crash. If you are near retirement and uncomfortable, adjust your Asset Allocation to where you can sleep. If you are...
by unclescrooge
Mon Jun 19, 2017 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy an $800k house?
Replies: 89
Views: 6011

Re: Should I buy an $800k house?

I would buy it.

Just consider yourself lucky you don't live in Vancouver!
by unclescrooge
Sun Jun 18, 2017 4:43 pm
Forum: Investing - Theory, News & General
Topic: If everybody indexed, the only word you could use is chaos, catastrophe
Replies: 66
Views: 8101

Re: If everybody indexed, the only word you could use is chaos, catastrophe

Suppose you have a big pot of soup that contains 20% chicken. A line of indexers comes forward. Each one stirs it up thoroughly and takes out a ladleful of soup, containing 20% chicken in their ladleful. Does that ruin it for the people who come afterwards? Does it cause chaos if indexers take 30% ...
by unclescrooge
Sat Jun 17, 2017 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 16250

Re: Siblings in disagreement over mom's house.

Get insurance asap.

Hire proprty management company to rent it out.

Since it's paid off it should cash flow.

Keep some of the rent aside for future repairs and maintenance. Split the rest.
by unclescrooge
Sat Jun 17, 2017 7:01 am
Forum: Investing - Theory, News & General
Topic: Wealthfront ignores own advice; adds Smart-Beta
Replies: 24
Views: 2427

Re: Wealthfront ignores own advice; adds Smart-Beta

Neither. I'm saying that human advisors are more likely to insist clients keep their AA constant, and not keep mucking with it. Based on my limited experience over nearly 20 years, I see my friends want to increase equity exposure late in a bull market, and tone it down right after a huge drop. I'm...
by unclescrooge
Fri Jun 16, 2017 1:35 pm
Forum: Investing - Theory, News & General
Topic: Wealthfront ignores own advice; adds Smart-Beta
Replies: 24
Views: 2427

Re: Wealthfront ignores own advice; adds Smart-Beta

It's amazing to me that all these robo-advisors seem to be growing at a very good pace, and it seems that traditional money-management firms are taking it on the chins. I don't know how the latter can survive. Wait until the next correction. I'm confident a lot of their clients have been ramping up...
by unclescrooge
Fri Jun 16, 2017 11:39 am
Forum: Investing - Theory, News & General
Topic: Wealthfront ignores own advice; adds Smart-Beta
Replies: 24
Views: 2427

Re: Wealthfront ignores own advice; adds Smart-Beta

It's amazing to me that all these robo-advisors seem to be growing at a very good pace, and it seems that traditional money-management firms are taking it on the chins. I don't know how the latter can survive. Wait until the next correction. I'm confident a lot of their clients have been ramping up...
by unclescrooge
Fri Jun 16, 2017 11:27 am
Forum: Personal Finance (Not Investing)
Topic: How many of you have rentals (i.e. you're a landlord)? Are they worth it?
Replies: 74
Views: 5055

Re: How many of you have rentals (i.e. you're a landlord)? Are they worth it?

How does the stress factor into your equation? We have a 3rd kid on the way. Our youngest. The other two are 5 and 3. But I'm off at night and weekends. Don't do it. This is a deal breaker for sure. Three kids under 6, a job and life in general to manage.....you have MORE than enough on your cosmic...
by unclescrooge
Wed Jun 14, 2017 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: How many of you have rentals (i.e. you're a landlord)? Are they worth it?
Replies: 74
Views: 5055

Re: How many of you have rentals (i.e. you're a landlord)? Are they worth it?

I still own two rental properties. They are 2,200 miles away in a state I've never visited. I have property management take care of them, and they're still a bit if a hassle. They are profitable, but I bought well. Bought them from a bank for slightly below market. It was fine 12 years ago when I ha...
by unclescrooge
Wed Jun 14, 2017 11:16 am
Forum: Investing - Theory, News & General
Topic: The amount of mined gold is increasing fairly rapidly, IMO
Replies: 22
Views: 1423

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 unclescrooge
Tue Jun 13, 2017 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: Fisher says Mutual Funds are Risky
Replies: 32
Views: 2278

Re: Fisher says Mutual Funds are Risky

Help! I am being hounded by Fisher Investments. They are trying to convince me that mutual funds are risky since they don't take advantage of market highs. I am told they also trade a lot which raises costs. Fisher is advising me to buy a 100% stock portfolio managed by them which will return high ...
by unclescrooge
Tue Jun 13, 2017 7:44 pm
Forum: Investing - Help with Personal Investments
Topic: Another one of those "We are at the peak, crash is coming, how do I invest?" posts!
Replies: 75
Views: 5302

Re: Another one of those "We are at the peak, crash is coming, how do I invest?" posts!

Sometimes (like the past year or so) I wonder if we're missing a point when we say something like "Pick an appropriate allocation and stick to it." Perhaps an allocation should be more dynamic. I may feel fine with a 60% stock allocation in most market conditions. But when long term marke...
by unclescrooge
Tue Jun 13, 2017 12:18 am
Forum: Investing - Help with Personal Investments
Topic: evaluating a prospective real estate investment
Replies: 10
Views: 869

Re: evaluating a prospective real estate investment

I'm no expert on taxes, but I always thought investing in a real estate via an IRA was a bad idea. It was widely promoted during the last real estate boom but I never saw the value in it. You can't deduct taxes, interest or depreciation off your taxes, and you're exchanging the tax benefits of capit...
by unclescrooge
Sun Jun 11, 2017 11:49 pm
Forum: Personal Consumer Issues
Topic: uva/uvb clothing
Replies: 12
Views: 843

Re: uva/uvb clothing

I just picked up some UV resistant Speedo swim shirts for $12 from Costco.

Also running a special on water proof spray-on sunscreen, which I personally find more effective than the lotion.
by unclescrooge
Fri Jun 09, 2017 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: (Very) Early Retirement vs Parenthood
Replies: 74
Views: 4211

Re: (Very) Early Retirement vs Parenthood

As parent to a 2.5 year old and a 3 month old, I understand your concern. I'm 43, wife is 34. Kids will change your life permanently. The first one was a terror. She'd wake up screaming bloody murder every hour for the first 20 months of her life. I have never been so sleep deprived in my entire lif...
by unclescrooge
Fri Jun 09, 2017 8:16 pm
Forum: Investing - Theory, News & General
Topic: Does anyone feel they missed out on AMZN, NFLX,TSLA?
Replies: 103
Views: 6461

Re: Does anyone feel they missed out on AMZN, NFLX,TSLA?

Hi, Some lunch room conversations at work indicated that some people seem to have made a killing in at least one of these companies. That got me thinking that the reason I didnt own any of these was because I owned the total stock market funds and wouldn't want to risk individual stocks. But these ...
by unclescrooge
Fri Jun 09, 2017 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 228
Views: 35543

Re: Regret early retirement/downsizing

Forced out of my depressing job at 43, and I've been plodding along these past 6 years in semi-retirement on sharply reduced income (about $20k annually). I no longer set aside $$ for retirement, so I have lost a lot there. But no regrets otherwise. I travel about a third of the year in my quest to...
by unclescrooge
Fri Jun 09, 2017 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Housing is too expensive.
Replies: 49
Views: 6165

Re: Housing is too expensive.

What are you talking about? What exactly is your definition of "the rest of the world"? Probably talking about Europe etc. Converting square meters to square feet is about a 1:11 ratio, so $11/square meter = $1/square foot. In France, the average price per square meter is over $10k/square...
by unclescrooge
Fri Jun 09, 2017 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: So someone drained $13k from my checking account...
Replies: 140
Views: 19240

Re: So someone drained $13k from my checking account...

About a month ago, someone stole credit card checks out of my mailbox (which I hate getting for this very reason). The moron then wrote themselves a $5k check to themselves for a "car payment" and deposited in their own Wells Fargo account :shock: I don't know how they got my phone number,...

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