Search found 584 matches

by GAAP
Sun Oct 21, 2018 6:20 pm
Forum: Personal Consumer Issues
Topic: Pet Insurance company recommendation
Replies: 20
Views: 1506

Re: Pet Insurance company recommendation

Self-insured now, and probably in the future since our preference would be for older, less-popular rescues that make insurance quite expensive and of potentially limited value. The high-end numbers mentioned here do not really explore just expensive it can get. We've paid somewhere between $40K - $6...
by GAAP
Fri Oct 19, 2018 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Possible move...how much house can afford? (accounting for transaction costs)
Replies: 12
Views: 920

Re: Possible move...how much house can afford? (accounting for transaction costs)

I would assume 10% on each transaction (sale and purchase) -- should give you room to deal with the inevitable small things that add up in the process.
by GAAP
Thu Oct 18, 2018 10:02 am
Forum: Investing - Theory, News & General
Topic: Forever Stamps as an Investment?
Replies: 32
Views: 3565

Re: Forever Stamps as an Investment?

Have you heard of ANYONE buying stamps for postage (not collecting) on eBay? I would guess that you would get more return from buying a new book of stamps as a future collectible -- and that the return would be lousy. They're a commodity product, used infrequently, readily available -- and generally...
by GAAP
Wed Oct 17, 2018 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Reasonable cost for a forever home?
Replies: 25
Views: 2847

Re: Reasonable cost for a forever home?

"Forever home" at age 33 is a concept that basically says "Life doesn't happen".

Buy only as much house as you need, buy no more house than you can afford. Save the rest and later enjoy the benefits that financial flexibility provides.
by GAAP
Wed Oct 17, 2018 10:32 am
Forum: Investing - Theory, News & General
Topic: "Retirement age uncertainty increases the savings needed for success"
Replies: 48
Views: 4585

Re: "Retirement age uncertainty increases the savings needed for success"

To make this actionable: Blanchett's findings suggest that it would be prudent for people to use age 61 as their retirement date when deciding how much to save -- and what their asset allocation should be if they subscribe to glidepaths or are building a bond ladder. If you end up working longer th...
by GAAP
Tue Oct 16, 2018 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Variable Percentage Withdrawal (VPW)
Replies: 777
Views: 257253

Re: Variable Percentage Withdrawal (VPW)

Thank you, longinvest, that's a very clear explanation and totally makes sense to me. I know you've put a lot of work and research into all of this, and it is really benefiting me and many others. I missed this post and couldn't agree more. Other than the 3 fund PF and Berstein's won the game conce...
by GAAP
Sun Oct 14, 2018 11:29 am
Forum: Investing - Help with Personal Investments
Topic: [How much should I contribute to my 401k?]
Replies: 8
Views: 565

Re: [How much should I contribute to my 401k?]

The sooner you get the money in the account, the sooner it starts tax-deferred earnings...
by GAAP
Fri Oct 12, 2018 5:41 pm
Forum: Investing - Theory, News & General
Topic: Short Term Bond yield over 3%
Replies: 74
Views: 10306

Re: Short Term Bond yield over 3%

OP, Please explain to me why folks are paying off the fixed-rate low-interest mortgage when the interest rate is going up. At the rate of interest rate increases, cash in the money market fund may pay a higher interest rate than their mortgages in the future. KlangFool One reason might be the cash-...
by GAAP
Thu Oct 11, 2018 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage vs. Cash
Replies: 28
Views: 2185

Re: Mortgage vs. Cash

Only $350K in retirement savings with a $400k income? Unless you are much younger than I think, and/or willing to retire on a LOT less money than you're used to living on, I would prioritize retirement savings over being mortgage-free. Choosing to invest the money is a separate decision from choosin...
by GAAP
Tue Oct 09, 2018 5:49 pm
Forum: Investing - Theory, News & General
Topic: 1/CAPE10 at the extremes
Replies: 28
Views: 2685

Re: 1/CAPE10 at the extremes

I would like to hear from those who use 1/CAPE10 to predict earnings (or anything else). Since that formula is not linear, how do you handle the extremes in values? For example, if CAPE10 is 10, 1/CAPE10 yields a 10% real expected return. In 1921, CAPE10 got down to 5.3, predicting 19% real returns...
by GAAP
Fri Sep 28, 2018 10:25 am
Forum: Personal Consumer Issues
Topic: Good flip flops
Replies: 46
Views: 3457

Re: Good flip flops

My Brazilian wife thinks there are two kinds: Havianas and not-worth-buying.

I can't wear any of them, so my input is pretty limited on the subject -- although my daughter agrees with my wife.
by GAAP
Fri Sep 21, 2018 5:34 pm
Forum: Personal Consumer Issues
Topic: My Very First Smartphone [Samsung Galaxy S9+] — Please Critique This Plan
Replies: 123
Views: 6523

Re: My Very First Smartphone — Please Critique This Plan

Do yourself a favor: walk into several stores and try different phone models. The phone you mentioned may not be the one you really like.

You don't have to buy in any particular store -- be clear that you're shopping models not service and are not planning to buy "at this time".
by GAAP
Thu Sep 20, 2018 9:29 am
Forum: Investing - Help with Personal Investments
Topic: Roth Income Limit
Replies: 9
Views: 873

Re: Roth Income Limit

Make a prior-year contribution after you've calculated your taxes. https://www.irs.gov/retirement-plans/traditional-and-roth-iras What is the deadline to make contributions? Your tax return filing deadline (not including extensions). For example, you can make 2017 IRA contributions until April 17, 2...
by GAAP
Tue Sep 18, 2018 5:11 pm
Forum: Personal Consumer Issues
Topic: Finding employers that match employee charitable causes?
Replies: 7
Views: 568

Re: Finding employers that match employee charitable causes?

JDRF has a search function on their website https://www.jdrf.org/donate/workplace-giving/ -- but that would only help if you knew the corporation in question.

There's a list of the top 20 at https://doublethedonation.com/tips/matc ... companies/.
by GAAP
Tue Sep 18, 2018 9:29 am
Forum: Investing - Theory, News & General
Topic: Equity in house / Do you use it?
Replies: 56
Views: 3514

Re: Equity in house / Do you use it?

Not currently, but when I'm old enough I plan to use a HECM LOC -- not a HELOC. Equity in the house you live in is meaningless/useless until the house is sold. It's basically a guess at net sale proceeds. It does however tie up large sums that might have other uses. A HECM is dramatically different ...
by GAAP
Tue Sep 18, 2018 9:18 am
Forum: Investing - Theory, News & General
Topic: “Costly race to bottom on mutual fund fees”
Replies: 13
Views: 1844

Re: “Costly race to bottom on mutual fund fees”

You may even think you have heard " Mauldin's firm has billionaire customers," but you would be mistaken. On 4/12/2018 , Mauldin Solutions LLC had only $82.2 million in assets under management. Maybe not even that???? Hmm. $82.2M, 17 accounts, 1 employee, 0 clients. Clearly an expert on billionaire...
by GAAP
Wed Sep 12, 2018 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Investing in 5G Wireless
Replies: 46
Views: 2900

Re: Investing in 5G Wireless

OP, one investment approach would be less on the networks and more on the suppliers for 5G equipment: Nokia, Ericsson, Qualcomm. In this T-mobile deal, Nokia gets paid no matter how successful or not 5G is as a broadband utility for T-mo https://finance.yahoo.com/news/nokia-t-mobile-us-agree-130316...
by GAAP
Tue Sep 11, 2018 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in 5G Wireless
Replies: 46
Views: 2900

Re: Investing in 5G Wireless

Of course almost no one needs 1gbps. And 5G of course is going to drive cost savings. And 5G may not end up being the end all be all. My argument is that the way for the wireless networks to monetize 5G in a world where the price of cell service is going down is by being able to provide more servic...
by GAAP
Tue Sep 11, 2018 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in 5G Wireless
Replies: 46
Views: 2900

Re: Investing in 5G Wireless

1) Why send fiber underground or on poles to every single home in a neighborhood when you can send it to a single base station that hits perhaps 50-100 homes? Obviously they will retrofit their current towers with 5G as well as add additional smaller base stations around neighborhoods without havin...
by GAAP
Tue Sep 11, 2018 2:01 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in 5G Wireless
Replies: 46
Views: 2900

Re: Investing in 5G Wireless

The Broadband use case for 5G is only one of many -- and arguably a small one. Effective wireline replacement at a reasonable selling price is not likely to have much of a margin, since the capital outlay is significant. If you really want to learn about 5G, I suggest you start with https://www.ligh...
by GAAP
Sun Sep 09, 2018 4:13 pm
Forum: Personal Consumer Issues
Topic: Encryption Solution: Local + Cloud
Replies: 60
Views: 3482

Re: Encryption Solution: Local + Cloud

At risk of opening a can of worms, I'll follow on this if you feel interested. In reading about VPNs it sounds like picking a VPN provider itself is a perilous task. I either have to trust the ISP or the VPN provider, right? I mean whatever the ISP can do (e.g. surveillance) the VPN provider can do...
by GAAP
Sun Sep 09, 2018 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage with 87K left on it
Replies: 69
Views: 6315

Re: Paying off mortgage with 87K left on it

I have trouble believing that you will be able to deduct the mortgage interest, which means that pre-paying actually returns the full rate. That return is also tax-free, so you should also consider the tax savings on the ~$7700 in remaining interest vs. the taxes due on the savings account. All-in-a...
by GAAP
Sun Sep 09, 2018 3:39 pm
Forum: Personal Consumer Issues
Topic: Encryption Solution: Local + Cloud
Replies: 60
Views: 3482

Re: Encryption Solution: Local + Cloud

Clarification on the VPN use: So if you are at a cafe with a Wifi that shows as "Open" (most home Wifi show up as "Secured"), and if you connect a VPN, does that make your connection secure? The VPN establishes a secure tunnel between two endpoints: 1) Endpoint client device: Your cell phone, table...
by GAAP
Sat Sep 08, 2018 10:39 am
Forum: Personal Consumer Issues
Topic: Encryption Solution: Local + Cloud
Replies: 60
Views: 3482

Re: Encryption Solution: Local + Cloud

I am using ProtonMail just for this and only for my financial accounts. The email is fully encrypted. Ie for Vanguard I’m using vanguard+my_email_address@protonmail.com, and for Bank of America I use bofa+my_email_address@protonmail.com It works great and I use different email for each account but ...
by GAAP
Sat Sep 08, 2018 10:38 am
Forum: Personal Consumer Issues
Topic: Encryption Solution: Local + Cloud
Replies: 60
Views: 3482

Re: Encryption Solution: Local + Cloud

I am using ProtonMail just for this and only for my financial accounts. The email is fully encrypted. Ie for Vanguard I’m using vanguard+my_email_address@protonmail.com, and for Bank of America I use bofa+my_email_address@protonmail.com It works great and I use different email for each account but ...
by GAAP
Fri Sep 07, 2018 4:39 pm
Forum: Investing - Theory, News & General
Topic: asset allocation -- why bond/stock split first?
Replies: 25
Views: 2059

Re: asset allocation -- why bond/stock split first?

Stocks and bonds are two fundamentally different asset classes. Stocks are an ownership interest in the business -- as long as the business has assets, you own something. Bonds are a contract with a business -- and therefore subject to a breach of contract. Since they have different risks and benefi...
by GAAP
Fri Sep 07, 2018 4:06 pm
Forum: Personal Consumer Issues
Topic: Encryption Solution: Local + Cloud
Replies: 60
Views: 3482

Re: Encryption Solution: Local + Cloud

Very cool. Likely a regular user might not need this as you already hint, but still very interesting. Out of curiosity, any way to do the same without owning a domain (using the popular email services)? On related note: do you see any value to using these encrypted emails you sometimes hear about l...
by GAAP
Fri Sep 07, 2018 2:13 pm
Forum: Personal Consumer Issues
Topic: Encryption Solution: Local + Cloud
Replies: 60
Views: 3482

Re: Encryption Solution: Local + Cloud

For the more advanced, using a true email alias (not just the gmail "userid+alias@example.com" thing) for each account that maps to a real account has some potential value -- it's hard to hack an email account that doesn't exist. This sounds interesting, can you clarify what you mean please. I don'...
by GAAP
Fri Sep 07, 2018 12:13 pm
Forum: Personal Consumer Issues
Topic: Encryption Solution: Local + Cloud
Replies: 60
Views: 3482

Re: Encryption Solution: Local + Cloud

Start any such session with no other windows/tabs/sessions open. Why is this? Because those open sessions may have access to whatever you're working with at the time. A lot of stuff is stored temporarily, even in incognito/private mode. If it's stored, it's accessible. And by financial aggregation ...
by GAAP
Fri Sep 07, 2018 12:08 pm
Forum: Personal Consumer Issues
Topic: Encryption Solution: Local + Cloud
Replies: 60
Views: 3482

Re: Encryption Solution: Local + Cloud

Just curious if you guys don't mind me asking.... what type of files are you guys encrypting? And are you guys using this solution to prevent (i.e. dropbox, google drive) from having free access to your data once you upload it to the cloud? Primarily financial and/or ID information: account numbers...
by GAAP
Fri Sep 07, 2018 10:57 am
Forum: Personal Consumer Issues
Topic: Encryption Solution: Local + Cloud
Replies: 60
Views: 3482

Re: Encryption Solution: Local + Cloud

get_g0ing wrote:
Fri Sep 07, 2018 10:50 am
GAAP wrote:
Fri Sep 07, 2018 10:44 am
Start any such session with no other windows/tabs/sessions open.
Why is this?
Because those open sessions may have access to whatever you're working with at the time. A lot of stuff is stored temporarily, even in incognito/private mode. If it's stored, it's accessible.
by GAAP
Fri Sep 07, 2018 10:44 am
Forum: Personal Consumer Issues
Topic: Encryption Solution: Local + Cloud
Replies: 60
Views: 3482

Re: Encryption Solution: Local + Cloud

Just curious if you guys don't mind me asking.... what type of files are you guys encrypting? And are you guys using this solution to prevent (i.e. dropbox, google drive) from having free access to your data once you upload it to the cloud? Primarily financial and/or ID information: account numbers...
by GAAP
Thu Sep 06, 2018 6:55 pm
Forum: Personal Consumer Issues
Topic: Daily Driver (Car) Over 100K Miles?
Replies: 96
Views: 7121

Re: Daily Driver (Car) Over 100K Miles?

Just changed after 375,000 miles and 24 years. My wife changed last year after about 350,000 miles and 18 years -- but we gave that old vehicle to my daughter. That is crazy reliability! Can you share what models are these. 1994 Ford Ranger and 2001 Subaru Outback. I still have the Ranger -- use it...
by GAAP
Thu Sep 06, 2018 4:39 pm
Forum: Personal Consumer Issues
Topic: Daily Driver (Car) Over 100K Miles?
Replies: 96
Views: 7121

Re: Daily Driver (Car) Over 100K Miles?

Just changed after 375,000 miles and 24 years. My wife changed last year after about 350,000 miles and 18 years -- but we gave that old vehicle to my daughter.
by GAAP
Thu Sep 06, 2018 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: Psychology of saving for college vs retirement
Replies: 66
Views: 4070

Re: Psychology of saving for college vs retirement

The fundamental assumption here is that the children will go to college -- that may not be true. It may also be true that the children do attend college but don't need or want parental help -- the GI bill is one example of how this could happen. I saved all I could for retirement, and then figured o...
by GAAP
Tue Sep 04, 2018 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Establishing residency after relocation
Replies: 14
Views: 763

Re: Establishing residency after relocation

Similar situation -- moved from California to Washington this year. Driver's license and vehicle registration can both be done immediately -- and register to vote when you get your driver's license. All of this is very easy here. Get a local bank account, change the addresses on your financial accou...
by GAAP
Tue Sep 04, 2018 11:41 am
Forum: Personal Consumer Issues
Topic: Encryption Solution: Local + Cloud
Replies: 60
Views: 3482

Re: Encryption Solution: Local + Cloud

I use #1 -- DropBox and VeraCrypt. Haven't had any issues with it. How did you decide on size of Veracrypt container? I'm thinking maybe create a container filer to cover the full dropbox space allowance and upload it. Did you look into any of the other tools I mentioned and found Veracrypt to be b...
by GAAP
Tue Sep 04, 2018 11:18 am
Forum: Investing - Theory, News & General
Topic: Playing with Callan's periodic tables of investment returns
Replies: 81
Views: 6826

Re: Playing with Callan's periodic tables of investment returns

New investors should read this wiki article: Callan periodic table of investment returns wiki wrote: The Callan Table is the best visual information showing the importance of diversification, reversion-to-the-mean, and the impossibility of forecasting asset-class returns. It is a primary reason Bog...
by GAAP
Tue Sep 04, 2018 10:57 am
Forum: Personal Consumer Issues
Topic: Encryption Solution: Local + Cloud
Replies: 60
Views: 3482

Re: Encryption Solution: Local + Cloud

I use #1 -- DropBox and VeraCrypt. Haven't had any issues with it.
by GAAP
Sat Aug 11, 2018 6:23 pm
Forum: Investing - Theory, News & General
Topic: New York Times--Vanguard Warns of Worsening Odds for the Economy and Markets
Replies: 67
Views: 10135

Re: New York Times--Vanguard Warns of Worsening Odds for the Economy and Markets

If you're an "expert" and you honestly admit, "I have no idea what is going to happen," then nobody listens to you. So you get what we have here.... :annoyed The trick is to make weighty proclamations, smothered with impressive statistical malarky -- and then charge people for interpreting the resu...
by GAAP
Sat Aug 11, 2018 2:02 pm
Forum: Investing - Theory, News & General
Topic: [New Vanguard website layout starting Saturday, August 11]
Replies: 130
Views: 9762

Re: Anyone noticing Vanguard website changes today Saturday August 11

Did you have individual accounts for those funds? They were moving everyone to the brokerage platform, might account for the changes you see.
by GAAP
Sat Aug 11, 2018 1:56 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Valuations Too High?
Replies: 229
Views: 14418

Re: Larry Swedroe: Valuations Too High?

I personally think the CAPE10 predictions are too conservative, and that actual returns will be higher. Not +6% higher, but maybe +2% higher. I came up with 1.93% low on average, when looking at 15-year returns using CAPE10 from 1881 to 1998. I was too lazy to bother adding 2014-2017 data to the so...
by GAAP
Fri Aug 10, 2018 7:27 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Valuations Too High?
Replies: 229
Views: 14418

Re: Larry Swedroe: Valuations Too High?

12 month actual returns and near term forecasts have much more validity, but even those don't allow us to predict the future with any useable degree of accuracy. I'm curious, how do you define "useable degree of accuracy" keeping in mind that we're considering a 12-15 year period CAGR? Accurate eno...
by GAAP
Fri Aug 10, 2018 6:36 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Valuations Too High?
Replies: 229
Views: 14418

Re: Larry Swedroe: Valuations Too High?

This all boils down to "tactical asset allocation" ie "market timing" despite the gobledygook double-talk from various posters. If that floats some peoples boat that's fine, but for God's sake quit denying it. Only if you use it for asset allocation -- I don't. Fortunately for you, there are a lot ...
by GAAP
Fri Aug 10, 2018 5:47 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Valuations Too High?
Replies: 229
Views: 14418

Re: Larry Swedroe: Valuations Too High?

It would likely be better if people who don't know the future would just admit that they don't know anything about the future. I work every day in a field where 100s of millions of people depend on someone to predict the future sufficiently well for their phones to have service. We don't "know" the...
by GAAP
Fri Aug 10, 2018 1:39 pm
Forum: Investing - Theory, News & General
Topic: WSJ: When to Pick Mutual Fund over ETF?
Replies: 16
Views: 1768

Re: WSJ: When to Pick Mutual Fund over ETF?

Bill Bernstein suggests that using bond ETFs is not recommended as ETFs lack a mutual fund's requirement to redeem shares at NAV. In a liquidity crisis, the price of Bond ETF may drop way below the price of the underlying bonds and market makers may not able to use arbitrage effectively to keep the...
by GAAP
Fri Aug 10, 2018 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Help - Safety Stow $ as family Trustee?
Replies: 9
Views: 651

Re: Help - Safety Stow $ as family Trustee?

In my personal opinion (IANAL), your concern should be primarily with preservation of principal, not returns on that principal. It sounds to me like the absolute maximum term in your case is 120 days. I doubt that anyone would fault you for using money market funds for that short a period. The fund ...
by GAAP
Fri Aug 10, 2018 1:16 pm
Forum: Investing - Theory, News & General
Topic: WSJ: When to Pick Mutual Fund over ETF?
Replies: 16
Views: 1768

Re: WSJ: When to Pick Mutual Fund over ETF?

As Jack Bogle says: There's nothing wrong with exchange-traded funds … as long as you don't trade them. That's equally true for mutual funds... Yes. I believe that was his point. He is not a fan of a product that seems to promote trading. I get that, but I wonder if it's really a chicken-and-egg th...
by GAAP
Fri Aug 10, 2018 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Biggest Threats to Financial Well-Being
Replies: 99
Views: 9517

Re: Biggest Threats to Financial Well-Being

Look in the mirror and make sure that person knows their unconscious biases, needs, and desires -- because that person is your greatest threat.