Search found 237 matches

by dave_k
Sat Oct 06, 2018 11:07 am
Forum: Investing - Help with Personal Investments
Topic: 45 year old - retirement question
Replies: 10
Views: 1372

Re: 45 year old - retirement question

Is there any way around this rule? There are some ways, but they may or may not be satisfactory to you. There is a thing called SEPP (substantially equal periodic payments) that allows you to start taking money from your 401k or IRA at any age. The trouble is that it is not a very flexible plan and...
by dave_k
Fri Sep 28, 2018 4:18 pm
Forum: Investing - Theory, News & General
Topic: Why don't I read about this strategy more? It seems reasonable and pretty straight forward.
Replies: 68
Views: 8497

Re: Why don't I read about this strategy more? It seems reasonable and pretty straight forward.

Aside from the problems with this strategy that others have mentioned, the idea of using simple moving averages as signals bothers me because of how they behave mathematically. The daily change in a moving average is based only on the current day's change, and the change on one day a year ago (or ho...
by dave_k
Mon Sep 24, 2018 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in the Rare Opportunity
Replies: 59
Views: 4541

Re: Investing in the Rare Opportunity

Smitcat, Agreed. I wasn't trying to say that my situation is the same as Johnny's. I was responding to KlangFool's risk aversion and claim about 7 vs. 3 million, and threw in my own example about taking risks in business to achieve a higher potential payoff. It's not that I disagree with KlangFool g...
by dave_k
Mon Sep 24, 2018 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in the Rare Opportunity
Replies: 59
Views: 4541

Re: Investing in the Rare Opportunity

KlangFool, Agreed - people can reasonably have different risk tolerances and goals. However, it's still true that more money buys more options for a given amount of time, even if they aren't taken advantage of. I do get the point that it's a waste to continue to work, if you don't enjoy it, past the...
by dave_k
Mon Sep 24, 2018 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in the Rare Opportunity
Replies: 59
Views: 4541

Re: Investing in the Rare Opportunity

Not sure how this became a thread about 3mil vs 7mil ... obviously 7 million buys you a lifestyle in a different league ... not sure how folks are arguing this. Goal33, << obviously 7 million buys you a lifestyle in a different league >> That statement is not necessarily true. My uncle is a multimi...
by dave_k
Thu Sep 20, 2018 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity brokerage account - question about automatic investment
Replies: 13
Views: 907

Re: Fidelity brokerage account - question about automatic investment

Oh, that is strange then. I misunderstood. Worst case, it sounds like you may have to set it up as two separate transactions.
by dave_k
Thu Sep 20, 2018 8:38 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity brokerage account - question about automatic investment
Replies: 13
Views: 907

Re: Fidelity brokerage account - question about automatic investment

I happen to have a Fidelity brokerage account and own those two funds, among others, but I have never tried any automatic investing. My interpretation of what they are saying is that the automatic investing will take money from your core account (cash/mm), and buy the designated funds with it, at de...
by dave_k
Tue Sep 18, 2018 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard vs. EJ vs. Fidelity
Replies: 13
Views: 1040

Re: Vanguard vs. EJ vs. Fidelity

The company is moving the 401k plan to another company to manage it. I’ve read and heard nothing good about Empower Retirement services. The company was paying all fees on the account, now all the fees are being passed onto us. Based on everything I read, I am not comfortable with Empower. I don't ...
by dave_k
Mon Sep 17, 2018 11:41 am
Forum: Personal Consumer Issues
Topic: Travel- overwater bungalows
Replies: 16
Views: 2397

Re: Travel- overwater bungalows

My wife and I had our honeymoon in Moorea and Bora Bora (10+ years ago). We stayed in an OWB in Moorea, and in a beachfront hut right near some OWBs in Bora Bora. We loved it. The snorkeling was amazing (clear water, lots of colorful fish, coral reefs), and there were a variety of activities like sw...
by dave_k
Sun Sep 16, 2018 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: The Boglehead is anti-entrepreneur?
Replies: 62
Views: 4066

Re: The Boglehead is anti-entrepreneur?

Being an entrpreneur, co-founding a company in my late 20s, and saving/investing the (eventual) excess income Boglehead style (mostly) is what led me to near FI today about 20 years later. It was riskier on the income side (at first), but I wouldn't be making my current income working for anyone els...
by dave_k
Tue Sep 11, 2018 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Vacation house? Need objective third party
Replies: 67
Views: 6092

Re: Vacation house? Need objective third party

Having said above that I'm not sure I'd buy the house the OP is considering, and that it can be a lot of work, and even though I understand the negative sentiment, I want to point out that it's not necessarily so bad: Even though we have to fly to get to it, we still use our vacation home for as muc...
by dave_k
Tue Sep 11, 2018 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Vacation house? Need objective third party
Replies: 67
Views: 6092

Re: Vacation house? Need objective third party

My wife and I bought a waterfront vacation house that's near my in-laws (in fact we bought it from them), for an even larger fraction of our savings than what you are considering, and we're happy we did. However, our situation was different in the following ways: We got it at market bottom prices a ...
by dave_k
Tue Sep 11, 2018 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else not save for cars?
Replies: 113
Views: 10259

Re: Anyone else not save for cars?

Not specifically, it comes out of the emergency fund. At this point we are unlikely to buy a car more expensive than what we could pay cash for. Last year when my wife needed a new car, we just wrote the dealer a check. We were originally looking at lightly used cars, but we found such a good deal o...
by dave_k
Mon Sep 10, 2018 4:21 pm
Forum: Investing - Theory, News & General
Topic: Why Bull Markets Are Dangerous
Replies: 152
Views: 18800

Re: Why Bull Markets Are Dangerous

It's going to be interesting when some of these experts figure out that if you start with a $1, Grow it by 50% to $1.50. And then go on to lose that same 50% ..., You wind up with $0.75 Sorry to sound nitpicky, but that's not the "same" 50%. The opposite of gaining 50% is losing 33.3%. A gain of 10...
by dave_k
Mon Sep 10, 2018 3:02 pm
Forum: Investing - Theory, News & General
Topic: Why Bull Markets Are Dangerous
Replies: 152
Views: 18800

Re: Why Bull Markets Are Dangerous

It's going to be interesting when some of these experts figure out that if you start with a $1, Grow it by 50% to $1.50. And then go on to lose that same 50% ..., You wind up with $0.75 Sorry to sound nitpicky, but that's not the "same" 50%. The opposite of gaining 50% is losing 33.3%. A gain of 10...
by dave_k
Thu Sep 06, 2018 10:47 am
Forum: Investing - Help with Personal Investments
Topic: views on "Empower Retirement" as a 401k provider? fees? ease of use etc?
Replies: 44
Views: 8209

Re: views on "Empower Retirement" as a 401k provider? fees? ease of use etc?

My company (of which I am part owner) uses Empower for our 401k. The way we have it set up, absolutely no fees are paid out of the 401k accounts. The company pays for administration, etc., outside the accounts as a business expense. None of the funds offered (mostly Vanguard index and target date fu...
by dave_k
Thu Aug 30, 2018 4:19 pm
Forum: Investing - Theory, News & General
Topic: "6 Reasons The Rich Should Pay-Off Their Mortgage"
Replies: 192
Views: 35237

Re: "6 Reasons The Rich Should Pay-Off Their Mortgage"

I never quite understood the idea of feeling better having the house paid off. Having increased liquidity or investments instead should offset that. It's a matter of math - are you likely to have better returns by saving/investing or paying down the mortgage, taking taxes and risk into account? Also...
by dave_k
Thu Aug 23, 2018 1:04 pm
Forum: Personal Consumer Issues
Topic: Good Non-Boring Boglehead Cars Under $30k
Replies: 215
Views: 12424

Re: Good Non-Boring Boglehead Cars Under $30k

One more recommendation for the VW GTI. We got my wife a new one with manual transmission last year for about $23k. I enjoy driving it even though my daily driver is a BMW M5 (an old 2000 model, but still fun).
by dave_k
Fri Apr 13, 2018 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: Guaranteed 9% annualized return?
Replies: 26
Views: 2570

Re: Guaranteed 9% annualized return?

Posting this again for reference as this takes into account opportunity cost: I did some calculations using the FV function in Excel and here are the results. Scenario 1: Payoff mortgage early, then invest everything you were throwing at the mortgage in a 75:25 taxable account for 10 years 5 months...
by dave_k
Fri Apr 13, 2018 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: Guaranteed 9% annualized return?
Replies: 26
Views: 2570

Re: Guaranteed 9% annualized return?

To expand on my earlier post with the math: You were calculating the IRR like this: -48000 <- negative is the "investment" -48000 -48000 -48000 -28000 291448 <- positive is the return IRR = 9.01% When it should be something like this: -48000 -48000 -48000 -48000 -16530 <- 28000 invested, offset by 5...
by dave_k
Fri Apr 13, 2018 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Guaranteed 9% annualized return?
Replies: 26
Views: 2570

Re: Guaranteed 9% annualized return?

As gouverneur indicated, I think your methodology is off in counting what you would save in interest over 15 years into the "net benefit" amount and putting that all in year 5. I calculated the return on making early/extra mortgage payments last year and found that, as I expected, it's exactly the e...
by dave_k
Tue Dec 26, 2017 12:17 pm
Forum: Personal Consumer Issues
Topic: Favorite Camera - Recommendations, Photos, and Pictures of Your Gear?
Replies: 65
Views: 5317

Re: Favorite Camera - Recommendations, Photos, and Pictures of Your Gear?

Current and first decent camera: Canon EOS 60D - 18 MP DSLR Primarily landscape/nature photography Favorite Lens: Tamron 18-270 mm lens with stabilization and autofocus. I used it on a safari trip recently and the 15x zoom was very handy for getting both wide angle and closeup shots without having t...
by dave_k
Sun Dec 24, 2017 10:11 pm
Forum: Investing - Theory, News & General
Topic: Implications of tax bill on residential real estate (house prices)
Replies: 62
Views: 6714

Re: Implications of tax bill on residential real estate (house prices)

OP here - thanks to everyone for their responses. There have been interesting arguments for effects in different directions and at different price levels, or little effect at all. I guess we'll just have to wait and see, since it's complex and will affect different markets/states differently, and it...
by dave_k
Sun Dec 24, 2017 10:04 pm
Forum: Investing - Theory, News & General
Topic: Implications of tax bill on residential real estate (house prices)
Replies: 62
Views: 6714

Re: Implications of tax bill on residential real estate (house prices)

Also, perhaps rent will go up because landlords are paying higher property taxes? Or do landlords get some sort of deduction related to business that homeowners don't get for their primary residence? Owners of rental property can deduct property taxes and mortgage interest against the rental income...
by dave_k
Sun Dec 24, 2017 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Delay income to next year for tax savings? (tax bill)
Replies: 0
Views: 209

Delay income to next year for tax savings? (tax bill)

This seems like a no-brainer, but I haven't seen it discussed here and I'd like a sanity check: I'm a small business owner, and my business partner and I have the opportunity to defer a large bonus into next year instead of taking it in our year-end paycheck as we normally would. This should save us...
by dave_k
Sun Dec 24, 2017 1:59 pm
Forum: Investing - Theory, News & General
Topic: Implications of tax bill on residential real estate (house prices)
Replies: 62
Views: 6714

Re: Implications of tax bill on residential real estate (house prices)

We used to live in So Cal, and will be back there visiting friends for New Year's, most of whom are homeowners. This should make for some interesting conversations!
by dave_k
Sun Dec 24, 2017 1:39 pm
Forum: Investing - Theory, News & General
Topic: Implications of tax bill on residential real estate (house prices)
Replies: 62
Views: 6714

Re: Implications of tax bill on residential real estate (house prices)

Nate79: I suspect a much larger fraction of potential buyers itemize in the price range our house is in (about $450-500k). More are also subject to AMT (now) though, which dampens the effect, but I don't know how much on average. As others have mentioned, I was also thinking it would primarily affec...
by dave_k
Sun Dec 24, 2017 12:23 pm
Forum: Investing - Theory, News & General
Topic: Implications of tax bill on residential real estate (house prices)
Replies: 62
Views: 6714

Implications of tax bill on residential real estate (house prices)

I've seen it mentioned in a couple other threads, and mentioned it myself, but I haven't seen any discussion (maybe I missed it): Like my wife and I, many people will go from itemizing and having their mortgage interest and property taxes largely or entirely written off at their marginal rate to tak...
by dave_k
Sat Dec 23, 2017 12:47 am
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 25139

Re: Do you see a meaningful change in your income with new Tax Bill?

Without accounting for AMT, it looks like it should save us about $7500, or around 2.5% of our after tax income. I'd consider that meaningful. I'm not sure if that will be more or less with AMT though. I hope taxplancalculator.com incorporates it soon. I'm not sure if the page on how to adjust for A...
by dave_k
Thu Dec 21, 2017 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 64204

Re: Tax Bill Omnibus Thread

A couple questions related to mortgage interest deductibility: 1. Earlier this year I compared paying down our mortgage vs. investing in muni bonds given our tax situation, and decided it was better to go with muni bonds. We expect to sell the house in 5 years or so, which is when we would have gott...
by dave_k
Wed Dec 20, 2017 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 64204

Re: Tax Act Omnibus Thread

Prepay your mortgage but the bill explicitly forbids deducting a 2018 SALT payment against 2017 Only the interest portion is tax deductible. Won't any extra/pre payments all be principal, paying down the balance? No. You are paying your January payment early, in December, not making an extra paymen...
by dave_k
Wed Dec 20, 2017 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 64204

Re: Tax Act Omnibus Thread

betablocker wrote:
Wed Dec 20, 2017 1:20 pm
Prepay your mortgage but the bill explicitly forbids deducting a 2018 SALT payment against 2017
Only the interest portion is tax deductible. Won't any extra/pre payments all be principal, paying down the balance?
by dave_k
Tue Dec 19, 2017 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: pay down mortgage or invest in taxable
Replies: 73
Views: 7690

Re: pay down mortgage or invest in taxable

I considered this question several months ago, and because of the tax deductibility of the interest and our tax bracket, I came to the conclusion that it was better to invest in municipal bonds in taxable rather than pay down the mortgage. In our case we will likely sell the house in about 5 years, ...
by dave_k
Thu Nov 02, 2017 2:10 pm
Forum: Personal Consumer Issues
Topic: Considering a LG 55" OLED TV
Replies: 50
Views: 5942

Re: Considering a LG 55" OLED TV

I have last year's 65" model, and the picture is incredible. I highly recommend the LG OLED 4k TVs. Whether 55" is big enough to take good advantage of 4k depends on viewing distance and how good your eyesight is. If you can see good 4k material on both sizes in the store, check it for yourself at v...
by dave_k
Thu Oct 19, 2017 1:58 pm
Forum: Personal Consumer Issues
Topic: anyone else not liking the new cars?
Replies: 158
Views: 18079

Re: anyone else not liking the new cars?

Gas stations will convert to places where you exchange battery packs. Quicker than filling a tank with liquid fuel. Range infinite. Automated, you just pull in over a mechanism and voila! You are ready to go with a full charge. Quicker than filling a tank with gas? How come that doesn't exist now? ...
by dave_k
Thu Oct 19, 2017 1:51 pm
Forum: Personal Consumer Issues
Topic: anyone else not liking the new cars?
Replies: 158
Views: 18079

Re: anyone else not liking the new cars?

That's an interesting approach, but how many cylinders can be just past TDC simultaneously? Two, in most cases. As many as would be simultaneously starting a powerstroke, in all cases. To expand on that - Two cylinders can be just past TDC simultaneously in most four stroke engines with an even num...
by dave_k
Tue Oct 17, 2017 1:42 pm
Forum: Personal Consumer Issues
Topic: anyone else not liking the new cars?
Replies: 158
Views: 18079

Re: anyone else not liking the new cars?

If it makes you feel better....those new cars will likely have terrible resale too after EVs take over. ... But I am concerned that EVs will eventually destroy ICE used car resale value. MIght be 5 years, might be 10 years, but and some point a lot of gasmobile owners will be left holding a bag. So...
by dave_k
Mon Oct 16, 2017 4:21 pm
Forum: Personal Consumer Issues
Topic: Is Florida Over, 2017
Replies: 48
Views: 6995

Re: Is Florida Over, 2017

My wife and I have a vacation home on a west coast barrier island in south FL - Fort Myers Beach. It's right on the beach on stilts, and the beach is only a few feet above high tide. We had quite a scare with Irma - the day before it hit the storm surge was predicted to be over the roof! We got very...
by dave_k
Tue Oct 10, 2017 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: [Boglehead vs Mr Money Mustache philosophies]
Replies: 203
Views: 19617

Re: [Boglehead vs Mr Money Mustache philosophies]

In my area we have local meetings of both Bogleheads and MMM followers. I've been to several of each over the last couple years. I feel a bit out of place at the MMM meetings because my high savings rate is due more to a high income than frugal living, and I have a gas guzzling car and a boat, but t...
by dave_k
Fri Aug 18, 2017 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: How do you know how much your portfolio lost/gain in one day?
Replies: 31
Views: 2140

Re: How do you know how much your portfolio lost/gain in one day?

For that thread I just estimated it based on knowing roughly what my total investable assets are and the allocation to stocks, and the percentage decline in the total stock market. To be precise, I could have gone into my accounts and looked at the ending balances for the day and the previous day, b...
by dave_k
Fri Aug 18, 2017 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: Lost $7000 today in ONE DAY!
Replies: 183
Views: 19643

Re: Lost $7000 today in ONE DAY!

Another thing to consider: There have been a few other days this year where it's dropped about this much or more. One of them was last Thursday. Because of the overall upward trend, none of them were even decent TLH opportunities (for me at least). Look at a graph of the total stock market so far th...
by dave_k
Thu Aug 17, 2017 10:57 pm
Forum: Investing - Help with Personal Investments
Topic: Lost $7000 today in ONE DAY!
Replies: 183
Views: 19643

Re: Lost $7000 today in ONE DAY!

I lost at least twice that, but it's not a big deal. It's still higher than it had ever been as of a few months ago. It could easily go right back up within days - or down more. If it goes down a few more percent I'll just buy more stock (rebalance). Nothing to lose sleep over.
by dave_k
Thu Aug 17, 2017 10:44 pm
Forum: Personal Consumer Issues
Topic: Live TV internet streaming - 30 vs 60 fps
Replies: 10
Views: 4125

Re: Live TV internet streaming - 30 vs 60 fps

I don't have experience with those specific devices, but I can tell you that content captured at 60 fps like sports will look much better at 60 fps than at 30. Movies are 24 fps, and most TV dramas are too. I believe some TV shows are shot at 30 fps. Some are at 60 fps, often talk shows and sitcoms....
by dave_k
Thu Aug 17, 2017 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone planning on never retiring?
Replies: 138
Views: 14233

Re: Anyone planning on never retiring?

I'm planning on retiring but I'm expecting to never quit working. Retirement: - Yes, some day I will no longer provide value to companies related to my current career (high tech) - I have a 401k etc - I'm "hoping" for SS, hoping I can eventually make use of that 401k The reality: - Healthcare (ie. ...
by dave_k
Wed Aug 16, 2017 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: Munis at Fidelity: FTABX or VTEB?
Replies: 41
Views: 4933

Re: Munis at Fidelity: FTABX or VTEB?

Even though I already had a taxable account at Fidelity, I opened a Vanguard account earlier this year so I could buy VWIUX and VWLUX (intermediate and long term muni funds) since they had the duration and SEC yield I was looking for with lower expense ratios (.09%). They are not subject to the 6 mo...
by dave_k
Thu Aug 10, 2017 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: Muni Bonds and Taxes.
Replies: 24
Views: 2664

Re: Muni Bonds and Taxes.

Thanks, I overlooked the distinction between distributions and gains.
by dave_k
Thu Aug 10, 2017 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: Muni Bonds and Taxes.
Replies: 24
Views: 2664

Re: Muni Bonds and Taxes.

Long-term capital gain distributions can be offset against any losses generated by a sale; short-term capital gain distributions cannot and must be counted as taxable income. If you have capital losses, can't short term losses or remaining long term losses be used to offset short term gains? And th...
by dave_k
Thu Aug 10, 2017 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Muni Bonds and Taxes.
Replies: 24
Views: 2664

Re: Muni Bonds and Taxes.

As I recall, a cap loss on muni bond funds held less than 6 months is non-deductible so be careful if you TLH. Actually, the Bogleheads looked into this and we ultimately came to the conclusion that is not so! Truly one of the highlights of the forum. If your municipal bond fund is accruing interes...
by dave_k
Wed Aug 09, 2017 12:38 pm
Forum: Investing - Theory, News & General
Topic: Can real estate investing (actual properties) be relatively "hands off"?
Replies: 50
Views: 7448

Re: Can real estate investing (actual properties) be relatively "hands off"?

** friend of mine is renting the upstairs apartment in a duplex in a small city in Canada. Downstairs has guests who are either dealing, or buying-- 3am visits, engines running, doors slamming etc. It's all pretty unpleasant. There's a lot of drugs out there-- it's not just inner city crack dens. I...