Search found 1801 matches

by unclescrooge
Sun Feb 25, 2018 1:27 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffett Dislikes Bonds
Replies: 25
Views: 1973

Re: Warren Buffet Dislikes Bonds

Really nothing new.

Bonds lose value due to inflation over extended periods of time.
by unclescrooge
Sat Feb 24, 2018 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Just had our offer accepted on a $1.4 Million House
Replies: 84
Views: 6880

Re: Just had our offer accepted on a $1.4 Million House

Skimmed the thread...you're making $700k now w/ your wife in a residency. Post residency you're looking at $1M+ in annual income it sounds like. Considering you're moving in 3-5 years and $ isn't a problem the difference between these 2 loans in negligible to you. You're talking a couple thousand p...
by unclescrooge
Sat Feb 24, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: # X Gross = Home price?
Replies: 50
Views: 2604

Re: # X Gross = Home price?

Hi BH, How many time your annual gross income is considered the highest for home price ? In my area VHCOL the starter home is 5.5 times my gross. If you want to buy a house in southern California, then 5.5x seems about right. Condos can be cheaper, be not always. Buying a house is mainly a lifestyl...
by unclescrooge
Sat Feb 24, 2018 1:15 pm
Forum: Personal Consumer Issues
Topic: Roof Shingle Recommendations
Replies: 24
Views: 1292

Re: Roof Shingle Recommendations

I just put in GAF architectural timberline shingles. Go to coolroof.org to look at the energy efficiency ratings.

I had the solar guy replace it as pay of the solar installation. His roofer did a great job.
by unclescrooge
Sat Feb 24, 2018 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Rolling over deceased mom's accounts
Replies: 19
Views: 1362

Re: Rolling over deceased mom's accounts

Best to wait and let the brokerage do their thing. They should get the stepped up basis stuff correct, set up an account number for you, transfer to your account, sell as you direct, etc. You can count on them charging you a commission for all this. Just sit tight and let it play out - brokerages d...
by unclescrooge
Fri Feb 23, 2018 10:03 pm
Forum: Investing - Theory, News & General
Topic: Jeremy Grantham [Bracing Yourself for a Possible Near-Term Melt-Up]
Replies: 39
Views: 3597

Re: Jeremy Grantham (GMO) Memo 1/3/08

So even the permabear is bullish. I can't decide what kind of indicator this is. :oops: "Lord make me chaste. But not yet". St. Augustine It probably means this bull market has a bit of a run in it left. But don't wait too long to rebalance. This is the testing time for the BH philosophy. Just as i...
by unclescrooge
Fri Feb 23, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Defining "House Poor"
Replies: 176
Views: 7644

Re: Defining "House Poor"

CppCoder wrote:
Fri Feb 23, 2018 3:33 pm
I thought house poor was defined as follows: You ask on Bogleheads, "Am I house poor." If When Klangfool responds you are house poor, then you are house poor. :twisted:
:mrgreen:
by unclescrooge
Fri Feb 23, 2018 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Defining "House Poor"
Replies: 176
Views: 7644

Re: Defining "House Poor"

climber2020 wrote:
Fri Feb 23, 2018 1:03 pm
mbasherp wrote:
Fri Feb 23, 2018 12:16 pm
How about your own definition?
My own definition: any dwelling with a purchase price over 2x my annual gross income.
Sound.

But you'd likely be homeless in Los Angeles. :shock:
by unclescrooge
Fri Feb 23, 2018 1:29 am
Forum: Investing - Theory, News & General
Topic: Best book/study course for Series 65 Exam?
Replies: 6
Views: 612

Re: Best book/study course for Series 65 Exam?

I'm an engineer but I want to take the Series 65 for fun (yes I know that's weird, but hey - engineer). Does anyone have a recommendation for books and courses for the test? I can dedicate about an hour a day to study for it and I can take the test whenever I feel ready (no time pressure). I wasn't...
by unclescrooge
Wed Feb 21, 2018 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Looking into Hands Off Commercial Real Estate
Replies: 14
Views: 1331

Re: Looking into Hands Off Commercial Real Estate

I need some discussion/suggestions/pointers as how to invest the proceeds from our Medical Office Building Sale, Some background info – I am 61, DW is 56, retired on disability few years back, both kids are launched & out of the nest, we have a comfortable lifestyle with my private disability payme...
by unclescrooge
Wed Feb 21, 2018 9:13 pm
Forum: Investing - Theory, News & General
Topic: Will Emerging China Change Things for Domestic Investing?
Replies: 27
Views: 1915

Re: Will Emerging China Change Things for Domestic Investing?

The past 100 years the market has always gone up but the underlying theme here has been that America has been a superpower and always a leader in innovation. Is it silly to think that things might change with China rising and becoming more dominant in innovation, power, and economics over the next ...
by unclescrooge
Wed Feb 21, 2018 7:23 pm
Forum: Personal Consumer Issues
Topic: Recessed 4 inch LEDs: Recommended brands
Replies: 25
Views: 1168

Re: Recessed 4 inch LEDs: Recommended brands

Why 2700K color? I've been switching to LEDs. While my wife doesn't know the details she is happy with the 6500K bulbs I'm using. Yes, I'm a fan of daylight color temps. I'm very picky about lighting color. If I had 6500k bulbs I'd be sitting around the house in sunglasses 8-) I do mean temp, not i...
by unclescrooge
Wed Feb 21, 2018 5:12 pm
Forum: Personal Consumer Issues
Topic: Recessed 4 inch LEDs: Recommended brands
Replies: 25
Views: 1168

Re: Recessed 4 inch LEDs: Recommended brands

I recently out about 50 in the entire house. Used feit brand from Costco.

They look good and work on dimmers. Only issue is sometimes the dimmed light is inconsistent between two on the same dimmer.
by unclescrooge
Tue Feb 20, 2018 7:40 pm
Forum: Personal Consumer Issues
Topic: Multiple Offer situation/should we pull our offer?
Replies: 72
Views: 5331

Re: Multiple Offer situation/should we pull our offer?

This is our first offer on a house and I guess I am naive. In a business setting you’re only as good as your word. If you say you’re going to do something, I expect it to get done. I guess I assume too much of people to say “you do XYZ and we’ll do ABC.” We’ll wait it out I guess, not like we have ...
by unclescrooge
Tue Feb 20, 2018 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off $372000 mortgage in 12 months
Replies: 43
Views: 6240

Re: Paying off $372000 mortgage in 12 months

In 2016 I had $385k owing and I timed my final regular mortgage payment for Dec. Many mortgage institutions charge a fee to 'compute a payoff'. What I did was make 2 large lump sum "additional principal payments" in person at the Bank. The first payment was to see what the Bank would do and what my...
by unclescrooge
Tue Feb 20, 2018 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for some help and fast (buying vs renting, net worth)
Replies: 52
Views: 3349

Re: Looking for some help and fast (buying vs renting, net worth)

willthrill81 wrote:
Mon Feb 19, 2018 3:46 pm
davidsorensen32 wrote:
Mon Feb 19, 2018 11:41 am
Goal should be FI, not house ownership.
It is very presumptuous for anyone to tell the OP what his/her goals should be. He may value home ownership more than FI.
Indeed, that is definitely true of my wife.
by unclescrooge
Mon Feb 19, 2018 11:11 pm
Forum: Personal Consumer Issues
Topic: Good store for roller shades?
Replies: 12
Views: 899

Re: Good store for roller shades?

We bought our blinds/shades through Costco. I just got solar shares installed. The Costco referred company quoted me $2700 before 10% cash card rebate, blinds.com was $1050 but it would be self-install. I ended up going with discountblinds.com. They were $1600 installed, and look fabulous. Product ...
by unclescrooge
Mon Feb 19, 2018 8:27 pm
Forum: Personal Consumer Issues
Topic: Is window replacement this expensive?
Replies: 27
Views: 2323

Re: Is window replacement this expensive?

I paid about $29k to replacece all windows and sliders in my house with top of the line dual-pane low-e3 vinyl Anilin windows. Two fixed window panes were 10ft by 5ft, and installed on the second level. The outer pane was 3/4 tempered glass. One of the sliders was 12ft wide. I think there were 14 wi...
by unclescrooge
Mon Feb 19, 2018 8:21 pm
Forum: Investing - Help with Personal Investments
Topic: What do Bogleheads think of Passive income through Dividend Stocks
Replies: 58
Views: 5758

Re: What do Bogleheads think of Passive income through Dividend Stocks

I have a rental property worth about $120k, that rents for $1000/month. From this you will deduct expenses. This is the closet you will come to achieving your objective. Unfortunately, the higher yield come with higher risk. In fact, after several years without incident, the house has been vacant fo...
by unclescrooge
Mon Feb 19, 2018 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: CPA recommends to NOT contribute to SEP IRA
Replies: 15
Views: 1848

Re: CPA recommends to NOT contribute to SEP IRA

Not a cpa, so only speculating here...maybe the cpa is counting all income as dividend income at the lower dividend tax rate.

In order to fund a SEP, this income would need to be wage income, and thus be subject to higher income taxes, plus self employment taxes.
by unclescrooge
Mon Feb 19, 2018 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: CPA recommends to NOT contribute to SEP IRA
Replies: 15
Views: 1848

Re: CPA recommends to NOT contribute to SEP IRA

Not a cpa, so only speculating here...maybe the cpa is counting all income as dividend income at the lower dividend tax rate.

In order to fund a SEP, this income would need to be wage income, and thus be subject to higher income taxes, plus self employment taxes.
by unclescrooge
Mon Feb 19, 2018 6:52 am
Forum: Investing - Help with Personal Investments
Topic: Late 20's female looking for some advice towards financial independence
Replies: 31
Views: 3769

Re: Late 20's female looking for some advice towards financial independence

I would fine a shared living situation with people closer in age. Near to where you currently live, there is someone close to your age who owns a two-bed condo and is looking to rent out one room. They are either doing well professionally, or their parents are helping them out. They have good manner...
by unclescrooge
Sun Feb 18, 2018 11:51 pm
Forum: Investing - Theory, News & General
Topic: The Emerging Markets "lost decade" is over
Replies: 81
Views: 12003

Re: The Emerging Markets "lost decade" is over

Lemme share a story Vietnam for example, is southeast asias FASTEST growing emerging market say you wanted to import and sell adn try tap into their fast growing economy and get piece that pie..well to sell youll need get license fro that product. in u.s. maybe youd go to the FDA official webiste a...
by unclescrooge
Sun Feb 18, 2018 11:48 pm
Forum: Investing - Theory, News & General
Topic: The Emerging Markets "lost decade" is over
Replies: 81
Views: 12003

Re: The Emerging Markets "lost decade" is over

When I started investing in the mid-90s, I used to have similar thoughts, based on my own experience: most countries outside of US are not just corrupt, but extremely corrupt. Yes, the US is somewhat corrupt too, but in a very different way. I too thought there is no way I would invest in any of th...
by unclescrooge
Thu Feb 15, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Rant about relocation mortgage assistance, and a question
Replies: 54
Views: 3016

Re: Rant about relocation mortgage assistance, and a question

What profession are you in? Some have relaxed lending guidelines. Also, some private banks have special lines of credit, based on your assets custodied with them. Morgan Stanley sends my wife letters offering to loan her up to $1mm against her (non-existent) stock portfolio at less than 3%. You coul...
by unclescrooge
Thu Feb 15, 2018 9:54 am
Forum: Personal Consumer Issues
Topic: Dental chews for dogs....useful?
Replies: 36
Views: 1928

Re: Dental chews for dogs....useful?

The dog just thinks of it as a treat. So any type of treat would likely be fine for a reward. For actual teeth cleaning, you can buy raw bones with marrow and meat still attached. They’re around $6 for a large (maybe 6” x 4”). Do that once a month for teeth cleaning. They are generally in the froze...
by unclescrooge
Wed Feb 14, 2018 11:32 pm
Forum: Personal Consumer Issues
Topic: Dental chews for dogs....useful?
Replies: 36
Views: 1928

Re: Dental chews for dogs....useful?

The dog just thinks of it as a treat. So any type of treat would likely be fine for a reward. For actual teeth cleaning, you can buy raw bones with marrow and meat still attached. They’re around $6 for a large (maybe 6” x 4”). Do that once a month for teeth cleaning. They are generally in the froze...
by unclescrooge
Wed Feb 14, 2018 8:19 am
Forum: Investing - Theory, News & General
Topic: Random conversations regarding money
Replies: 44
Views: 4593

Re: Random conversations regarding money

Would some one earning $58k, or a family earning $75k, be able to replicate your real estate success, especially if they can only invest $12k/year? Good point. Probably not in 3-4 years. In 7-8 years for sure. The thing is, you only need $500-600K in real estate equity to generate $80K per year to ...
by unclescrooge
Tue Feb 13, 2018 2:54 pm
Forum: Investing - Theory, News & General
Topic: I think US interest rates could drop.
Replies: 62
Views: 6641

Re: I think US interest rates could drop.

JoeRetire wrote:
Tue Feb 13, 2018 1:46 pm
willthrill81 wrote:
Tue Feb 13, 2018 1:33 pm
For those that think interest rates are destined to rise, I'll just say one word: Japan.
And I'll say 4 words: Pretty Much Everywhere Else
And I'll add my 2 cents: except Europe
by unclescrooge
Tue Feb 13, 2018 2:52 pm
Forum: Investing - Theory, News & General
Topic: I think US interest rates could drop.
Replies: 62
Views: 6641

Re: I think US interest rates could drop.

. To add to that I will point out that inflation is, and has been historically, higher in the US than in the EU. Factor out inflation and there is not much room to go down. 10 year treasuries are at 2.5%, from the TIPS yield we can figure that inflation is expected to be at 2%. So that gives us .5%...
by unclescrooge
Tue Feb 13, 2018 1:59 pm
Forum: Investing - Theory, News & General
Topic: Random conversations regarding money
Replies: 44
Views: 4593

Re: Random conversations regarding money

Would some one earning $58k, or a family earning $75k, be able to replicate your real estate success, especially if they can only invest $12k/year? Good point. Probably not in 3-4 years. In 7-8 years for sure. The thing is, you only need $500-600K in real estate equity to generate $80K per year to ...
by unclescrooge
Tue Feb 13, 2018 1:58 pm
Forum: Investing - Theory, News & General
Topic: Random conversations regarding money
Replies: 44
Views: 4593

Re: Random conversations regarding money

Would some one earning $58k, or a family earning $75k, be able to replicate your real estate success, especially if they can only invest $12k/year? Good point. Probably not in 3-4 years. In 7-8 years for sure. The thing is, you only need $500-600K in real estate equity to generate $80K per year to ...
by unclescrooge
Mon Feb 12, 2018 11:06 pm
Forum: Investing - Theory, News & General
Topic: Random conversations regarding money
Replies: 44
Views: 4593

Re: Random conversations regarding money

Last night I was at a gathering and found myself in a conversation regarding money and investing with another individual. He asked about what I invest in, etc and I told him, " mostly the US total stock market." He then proceeded to tell me how he only invests in physical gold bars, tax-deferred an...
by unclescrooge
Mon Feb 12, 2018 10:32 pm
Forum: Investing - Help with Personal Investments
Topic: realized startup equity / schwab private client
Replies: 15
Views: 795

Re: realized startup equity / schwab private client

I'm 32y/o and recently realized my equity in a startup. My portfolio is now ~$3m and have access to the highest tier of schwab private client at discounted rates. I've been bogleing for about 3 years, so I'm trying to pick apart their various slice n' dice arguments for why a 4 fund portfolio is to...
by unclescrooge
Mon Feb 12, 2018 10:26 pm
Forum: Personal Consumer Issues
Topic: Home buying: how to send postcards to neighborhood we want to live in?
Replies: 38
Views: 3773

Re: Home buying: how to send postcards to neighborhood we want to live in?

If you aren't willing to pay 15-20% over market value you are wasting your time and money. This. Who in their right mind would sell to you instead of going thru a realtor and getting more offers that might be more competitive. People going through an acrimonious divorce often choose quick sales.
by unclescrooge
Sat Feb 10, 2018 12:00 pm
Forum: Investing - Theory, News & General
Topic: Day trading for a living/career?
Replies: 95
Views: 6649

Re: Day trading for a living/career?

It would be trading with my own money. Probably not for long. A close friend of mine finally gave up after about 16 years of trying. Very bright, double graduate degrees (engineering and science), strong work ethic. Three years ago, he wanted me to help him with some algo trading he was trying to d...
by unclescrooge
Fri Feb 09, 2018 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Why would people buy condos/SFH in Texas?
Replies: 61
Views: 5719

Re: Why would people buy condos/SFH in Texas?

Why would people buy condos/single family homes (SFH) in Texas if they wanted to live there for work? Let's say someone wants to live in Houston, TX near the medical centers for work. Would it be a logical argument that renting is almost always better than buying a condo/SFH? The property taxes alo...
by unclescrooge
Fri Feb 09, 2018 3:18 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 202
Views: 14068

Re: Post your Financial Milestone Announcements Here

White Coat Investor wrote:
Tue Jan 09, 2018 2:34 am
But our most significant milestone for 2017 and the one we're most proud of was giving away more than we spent.
Truly, quite an achievement!

Congrats!!!

I will add this to my list of goals. Sadly, I'm many years away from this, partly as I live in a VHCOL area.
by unclescrooge
Fri Feb 09, 2018 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: Can I assume Chase earns fees when purchasing/selling munis for an advised portfolio, in addition to the AUM fee?
Replies: 17
Views: 535

Re: Can I assume Chase earns fees when purchasing/selling munis for an advised portfolio, in addition to the AUM fee?

No. Or if they are they are violating some pretty fundamental regulations. If there is a wrap fee then they must be acting in a fiduciary duty. Trades must be executed for best price and the broker can't make any money off of the bid/ask spread. This is something that regulators come in a audit. Th...
by unclescrooge
Thu Feb 08, 2018 12:52 pm
Forum: Personal Consumer Issues
Topic: Who has had a pool?
Replies: 79
Views: 4114

Re: Who has had a pool?

I have an in-ground pool. It's a waste of money, you should invest the money in a balanced fund instead. :) I am serious, if I could go back and not do the pool, I would. I've threatened to fill it in, but my wife won't let me. I will say the 4 or 5 times we use it a year, it's ok, but I'd rather h...
by unclescrooge
Thu Feb 08, 2018 1:01 am
Forum: Investing - Help with Personal Investments
Topic: Best way to sell gold krugerrands?
Replies: 12
Views: 1299

Re: Best way to sell gold krugerrands?

Apmex.com will give you a quote.

Then drive down to Artesia, ask the Indian jewelry stores for their price.
by unclescrooge
Wed Feb 07, 2018 7:53 pm
Forum: Personal Consumer Issues
Topic: Getting Rid of Ants in the House?
Replies: 46
Views: 2522

Re: Getting Rid of Ants in the House?

Seems like your kid is likely the problem!

Get a dog and that'll solve your problem. :mrgreen:
by unclescrooge
Wed Feb 07, 2018 12:55 pm
Forum: Personal Consumer Issues
Topic: How to stop mail for former occupants?
Replies: 103
Views: 5817

Re: How to stop mail from former occupants?

The previous occupants of our address moved and did not submit a mail forwarding card. At first it was interesting mail - like retirement account statements, etc. (Yes, I was nosy and yes I did open mail that was not addressed to me). Eventually that stopped as they switched their accounts to on-li...
by unclescrooge
Wed Feb 07, 2018 11:51 am
Forum: Personal Finance (Not Investing)
Topic: 7/1 year ARM loan and additional monthly payments
Replies: 17
Views: 1015

Re: 7/1 year ARM loan and additional monthly payments

I too have a 7/1 arm on my forever home. I'm not worried about rates being higher in 6 years. Long term rates can't go more than 1 or 2 percentage points higher from here....Unless we see severe inflation, in which case our wages should go up as well. The difference between the 7/1 and a 30 year, wa...
by unclescrooge
Wed Feb 07, 2018 11:45 am
Forum: Personal Finance (Not Investing)
Topic: New SEP IRA needed for employer change?
Replies: 3
Views: 231

Re: New SEP IRA needed for employer change?

The CPA is correct. A SEP IRA is an employer retirement plan. It is adopted in the name of the employer. It is only the SEP IRA account that is owned by the Individual. Your cousin should be able to amend the SEP IRA plan to add the S-Corp. Or your cousin may be better off with a one-participant 40...
by unclescrooge
Wed Feb 07, 2018 11:37 am
Forum: Investing - Theory, News & General
Topic: What's your U.S. : International ratio?
Replies: 169
Views: 31624

Re: What's your U.S. : International ratio?

RRAAYY3 wrote:
Wed Feb 07, 2018 8:48 am
Thank you for reminding me why I decided to be 50/50 in the first place
+1 to both posts.
by unclescrooge
Wed Feb 07, 2018 11:35 am
Forum: Investing - Theory, News & General
Topic: What's your U.S. : International ratio?
Replies: 169
Views: 31624

Re: What's your U.S. : International ratio?

+1 same here. Huh. So how much US exposure do you reckon you'd get by investing in Toyota, Samsung, Tencent, Mercedes Benz, etc. in their currencies? I'm with Jack: Here's Why Jack Bogle Doesn't Like Investing In Foreign Markets that didn't answer my question, and i think mr. bogle is dead wrong wh...