Search found 255 matches

by dave_k
Thu Jan 17, 2019 3:13 pm
Forum: Investing - Theory, News & General
Topic: Tributes to Jack Bogle
Replies: 104
Views: 8411

Re: Who Will Speak for US?

While folks here may not like it , Fidelity has picked up many of the tenets expressed by Jack Bogle and also Bogleheads.org. Here is something out this week from Fidelity: https://www.fidelity.com/viewpoints/investing-ideas/six-habits-successful-investors The six habits are : Develop a long-term p...
by dave_k
Wed Jan 16, 2019 3:01 pm
Forum: Personal Consumer Issues
Topic: Are You Dumping Netflix?
Replies: 164
Views: 9111

Re: Are You Dumping Netflix?

The following is not directed at any BH. This is a general observation and WAG. Seeing so many corporate apologists on the internet I wouldn't be surprised if companies hire internet trolls to manipulate public opinion. They might write things like "an 10% increase is small, only pennies a day" and...
by dave_k
Wed Jan 16, 2019 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: stuck forever in alternative funds after tax loss harvesting?
Replies: 12
Views: 630

Re: stuck forever in alternative funds after tax loss harvesting?

I too did TLH at the end of the year with ITOT and IXUS, but I chose IVV and IEFA as alternative funds. I'm "stuck" with them now too, but I'm not concerned. They are highly correlated with the original ones (as are the ones you chose), and it only represents a fraction of my overall portfolio. Just...
by dave_k
Wed Jan 16, 2019 2:25 pm
Forum: Personal Consumer Issues
Topic: Are You Dumping Netflix?
Replies: 164
Views: 9111

Re: Are You Dumping Netflix?

No. A lot of value for the money. Besides, I just calculated that the bump in their stock price will pay for the increase for about a decade for us (through holdings in index funds)! If this happens every few years we'll come out ahead :wink:. Of course that assumes the bump is permanent, but at lea...
by dave_k
Wed Jan 16, 2019 1:22 pm
Forum: Investing - Theory, News & General
Topic: When would you stop being a Boglehead?
Replies: 95
Views: 7283

Re: When would you stop being a Boglehead?

... But if I had enough money that having a family office made sense, then I'd probably consider it. I know two people with family offices and having a team to help with sourcing deals, performing due diligence, structuring deals, helping prepare board reports, and whatnot seems to have some value....
by dave_k
Mon Jan 14, 2019 5:01 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation of the 0.1%
Replies: 31
Views: 4302

Re: Asset Allocation of the 0.1%

How would wealthy families cross-shop or evaluate “Family Offices” though? How would a boglehead train their heirs and/or board members of a family foundation to properly assess and vet these outfits? Seems very Godfather Part III to me when looking at the wikipedia graphic below. megabad explained...
by dave_k
Sat Jan 12, 2019 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 90
Views: 10182

Re: Millionaire by 40 and How you Did it?

My wife and I are in our mid-late 40s now, but we hit $1M sometime in our late 30s (if business assets are included - about 41 if not). Combination of LBYM and starting a company that finally became fairly profitable. When I co-founded the company 20 years ago I took a huge pay cut, and it didn't st...
by dave_k
Sat Jan 05, 2019 2:25 pm
Forum: Personal Consumer Issues
Topic: Carryon for 7-day FL vacation?
Replies: 63
Views: 2594

Re: Carryon for 7-day FL vacation?

I almost always just use carry-ons when travelling. For FL you won't need bulkier clothes, so it should be easy. My wife and I just got back from two weeks away, with half in a cold climate and half in a warmer climate (different clothes needed, but no return home in between), including some extra s...
by dave_k
Fri Dec 14, 2018 2:13 pm
Forum: Personal Consumer Issues
Topic: Volkswagen Reliability
Replies: 102
Views: 5362

Re: Volkswagen Reliability

We bought a 2017 GTI 2.0T for my wife last year and we love it. No problems so far, but only 20K miles. We previously owned an older Jetta 1.8T and it was reliable. We had an unsellable GTI with the TDI and DSG as a loaner for a couple weeks while waiting for the new one, and it's a shame about the ...
by dave_k
Thu Dec 13, 2018 4:23 pm
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 249
Views: 20307

Re: What Happened to you during the Financial crisis of 2007–2008

I was in my mid-30s, and most of my investments were in stocks. I rode it out, and thankfully was able to start contributing more (profit sharing into 401k, and taxable) from about 2009 on, which has worked out quite well. I am part owner of a small company, and although some of our clients had trou...
by dave_k
Thu Dec 13, 2018 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 22077

Re: What percentage of your net worth is your home equity?

KlangFool, Then it's very simple - those folks are considering their portfolio size and not their net worth. Standard terms like "net worth" have well-defined meanings, and you risk confusing people who are trying to learn by redefining a standard term to your liking. Just tell people that you think...
by dave_k
Thu Dec 13, 2018 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 22077

Re: What percentage of your net worth is your home equity?

Only if you are an accountant, then, the accounting definition matter to you. For me in term of my personal finance, I only count things that matter to me. My home equity does not matter to me. Hence, I do not count. KlangFool It's perfectly reasonable not to "count" home equity if you don't want t...
by dave_k
Wed Dec 12, 2018 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 22077

Re: What percentage of your net worth is your home equity?

Bogleheads networth levels: Level 1: include everything in one’s possessions in the net worth, including car equity, furnitures, bicycle etc. All investable/liquid assets. Level 2: only include the “big items” ie. house, vacation home, collectibles. And all investable/liquid assets. Level 3: only i...
by dave_k
Wed Dec 12, 2018 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 22077

Re: What percentage of your net worth is your home equity?

Around 5% for our primary residence, and 20% for our vacation/rental house (since it's worth more and we have a smaller mortgage on it). For me the tricky question in counting net worth isn't whether to count home equity (by definition you must), but business assets. By definition those should be in...
by dave_k
Thu Dec 06, 2018 4:54 pm
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 12428

Re: Why Retirement Is Broken And Needs To Be Reinvented

Tough talk, but have you considered the cost of the social safety net that would be needed after you declare pensions invalid, thereby throwing many current pensioners into poverty? Declaring that guaranteed pensions are invalid wouldn't make the money that's in them disappear. It's just the guaran...
by dave_k
Thu Dec 06, 2018 4:34 pm
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 12428

Re: Why Retirement Is Broken And Needs To Be Reinvented

The real problems with pensions in their current form, and the reason they should really be abolished, is that are massively overpromised and are guaranteed. ... It's fine for groups of people to pool their assets and produce income streams while reducing individual risk. But they should make do wi...
by dave_k
Fri Nov 16, 2018 5:03 pm
Forum: Personal Consumer Issues
Topic: Garmins & Fitbits: Worth it for non-athletes?
Replies: 43
Views: 2879

Re: Garmins & Fitbits: Worth it for non-athletes?

Why not use it to measure performance? I've been using a Garmin when running for several years. Before that I only had a vague idea how fast I was going, and no idea if I was improving. I started pushing myself harder and could see the improvement once I got the Garmin. I don't consider myself an at...
by dave_k
Wed Nov 14, 2018 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Accuracy of Zillow/Trulia/Redfin Estimates
Replies: 51
Views: 4671

Re: Accuracy of Zillow/Trulia/Redfin Estimates

Neither Zillow or Redfin seems to do well with waterfront homes (haven't tried Trulia). For our ocean front vacation/rental home, Zillow's estimate is nearly double that of Redfin! The actual value is probably around halfway between. For our primary house on a lake they are closer, but Zillow is sti...
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: 1449

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? [12-month moving average, momentum]
Replies: 110
Views: 14860

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: 4636

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: 4636

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: 4636

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: 967

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: 967

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: 1148

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: 2462

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: 4164

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: 6228

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: 6228

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: 10452

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: 21593

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: 21593

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: 11028

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: 196
Views: 37019

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: 247
Views: 17134

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: 2646

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: 2646

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: 2646

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: 5459

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: 6847

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: 6847

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: 223

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: 6847

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: 6847

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: 6847

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: 25571

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: 65841

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: 65841

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...