Search found 253 matches

by WildBill
Mon Oct 09, 2017 9:39 am
Forum: Investing - Help with Personal Investments
Topic: What advice to give 21 year old?
Replies: 133
Views: 9329

Re: What advice to give 21 year old?

Howdy

I guess you are agreeing with me that it what I wrote is not “pure fiction” after all.

Thanks

W B
by WildBill
Sun Oct 08, 2017 9:50 pm
Forum: Investing - Help with Personal Investments
Topic: What advice to give 21 year old?
Replies: 133
Views: 9329

Re: What advice to give 21 year old?

Howdy My kids are sort of in the same boat. I have had this discussion with them several times. They are young and overwhelmingly their assets are human capital, with high earning potential in science and CS related fields, including opportunities in startups and other high-risk high- return opport...
by WildBill
Thu Sep 21, 2017 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Policy to "shelter" money from Financial Aid calculations
Replies: 23
Views: 1269

Re: Life Insurance Policy to "shelter" money from Financial Aid calculations

Teen P., thank you much appreciated. My biggest concern is to refinance and cash out of the equity in my home to shelter it from these calculations. The math dose work if the home equity is part of the "available" funds (inclusive of policy fees and commissions). If home equity is not considered it...
by WildBill
Thu Sep 21, 2017 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Policy to "shelter" money from Financial Aid calculations
Replies: 23
Views: 1269

Re: Life Insurance Policy to "shelter" money from Financial Aid calculations

I have a child that is looking to attend an elite school. I have about $50K in a 529 and additional savings that could be used for tuition. I will not have enough to fully fund the expense. I have been told that I can buy a Life insurance policy and stash cash in the "account" and that this cash wi...
by WildBill
Mon Sep 04, 2017 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 461
Views: 41668

Re: Picking College and College Scholarships

Regarding personal experience, I've worked (more than 6 months, complex matter) with 3 folks from MIT. 2 were extremely impressive - the 3rd not so much. Of the 2, 1 one was the best engineer that I've worked with. Quite literally, he's the type of engineer that invents/ discovers equations. Mortal...
by WildBill
Mon Sep 04, 2017 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 461
Views: 41668

Re: Picking College and College Scholarships

Wild bill Would you make the claim about the ivies or just MIT? My sense is if it is true ... it is only true about MIT and Stanford ... for engineering. Harvard and Yale might have that same mojo ... for business. Etc. Howdy Anecdotal references are not evidence, and I try to limit myself to direc...
by WildBill
Sat Sep 02, 2017 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 461
Views: 41668

Re: Picking College and College Scholarships

Howdy Unsolicited advice, based on personal experience from two generations of students.... If your son is accepted at MIT, go to MIT. It is an institution of great integrity and purpose that will give him an incalculable advantage due to the quality of education, the excellence of his peer group an...
by WildBill
Thu Aug 17, 2017 9:28 pm
Forum: Personal Consumer Issues
Topic: Want to give money to relative traveling int'l - options?
Replies: 19
Views: 1211

Re: Want to give money to relative traveling int'l - options?

Howdy

American Express Traveler's checks. Good everywhere.

Free replacement if lost or stolen.

Happy traveling

W B
by WildBill
Wed Aug 16, 2017 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone planning on never retiring?
Replies: 138
Views: 10554

Re: Anyone planning on never retiring?

A friend of mine retired at age 62. She told me before she retired that she was afraid of retiring because all of her retired friends became "stupid" once they retired. By that she meant that they seemed to lose their ability to think critically or remember things, and that this "stupidity" happene...
by WildBill
Sat Aug 12, 2017 10:51 am
Forum: Personal Consumer Issues
Topic: Elite status clubs that you are part of?
Replies: 31
Views: 3412

Re: Elite status clubs that you are part of?

Howdy

I am very lucky.

I am a citizen of the United States of America.

Good luck to al.

W B
by WildBill
Fri Aug 11, 2017 12:49 am
Forum: Personal Finance (Not Investing)
Topic: Struggling with Justifying an Expensive Car Purchase
Replies: 120
Views: 6406

Re: Struggling with Justifying an Expensive Car Purchase

Howdy Sorry for the amateur analysis, but you might have what my colleague describes as "car fever". You already know the cheaper one ticks all the boxes. The more expensive one does ....what? In six months the more expensive one will be just another car, along with a substantially decreased bank ac...
by WildBill
Fri Aug 11, 2017 12:29 am
Forum: Personal Consumer Issues
Topic: Warm Place for Thanksgiving family reunion
Replies: 27
Views: 2102

Re: Warm Place for Thanksgiving family reunion

Howdy

Houston or Austin Texas.

Perfect weather over Thanksgiving. Lots to do in both places. Convenient airports.

Barbecue for Thanksgiving dinner!!!

Visit a Whatburger!!

Happy Thanksgiving

W B
by WildBill
Thu Aug 10, 2017 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 17428

Re: Life at crossroads. What would you do ?

Howdy Just for an example of life outside the Bay Area I live in San Antonio, Texas. Technology companies of all types are moving in and/or expanding existing operations. Plano Texas ( Dallas suburb) is the home to a vast multitude of technology businesses and businesses that employ IT as a key enab...
by WildBill
Mon Aug 07, 2017 12:52 pm
Forum: Personal Consumer Issues
Topic: Replace car battery after X years or wait till it dies?
Replies: 124
Views: 12536

Re: Replace car battery after X years or wait till it dies?

Howdy Seems like there is an equal divide between 1- replace, hopefully before it dies, at some pre-determined life 2-replace it when it starts to get cranky and 3-replace it when it dies. Door number 1is an " insurance" option, avoiding hassle and risk avoidance, but viewed by 2&3 as wasteful Door ...
by WildBill
Thu Aug 03, 2017 11:31 am
Forum: Personal Consumer Issues
Topic: Best "investment tip" I have gotten from Bogleheads
Replies: 47
Views: 7250

Re: Best "investment tip" I have gotten from Bogleheads

Apologies for diverting to oatmeal love, but it's on topic, because I'm considering investing in a second Zoj. WB, Which is "the small Zoj?" Between coffee equipment, IP, Zoj, and my wife's various electronics, our counter space is limited. I would happily buy another Zoj for oatmeal, I've just bee...
by WildBill
Thu Aug 03, 2017 10:46 am
Forum: Personal Consumer Issues
Topic: Best "investment tip" I have gotten from Bogleheads
Replies: 47
Views: 7250

Re: Best "investment tip" I have gotten from Bogleheads

Howdy [snip...] - multiple posters on Zorijoshi rice cookers for making oatmeal, which has been a life changing experience I need to check out this Instant Pot :P I bought an Instant Pot because of the reviews here, and have been waiting to put it into action. The salsa chicken recipe sounds like m...
by WildBill
Wed Aug 02, 2017 10:56 pm
Forum: Personal Consumer Issues
Topic: Best "investment tip" I have gotten from Bogleheads
Replies: 47
Views: 7250

Re: Best "investment tip" I have gotten from Bogleheads

Howdy Great post. I have learned a lot from this forum - the most valuable investment tips: -livesoft on paying zero taxes in retirement -livesoft and many others on Roth conversions - multiple posters on Zorijoshi rice cookers for making oatmeal, which has been a life changing experience I need to ...
by WildBill
Wed Aug 02, 2017 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: Burned out at 28. Do I have enough?
Replies: 62
Views: 9913

Re: Burned out at 28. Do I have enough?

Thanks all! I did not anticipate such a robust response. Should have been more specific about my situation initially. My position is contract field work in oil and gas, which requires long hours and significant time away from home. I've been on the road sleeping in hotels and short term apartments ...
by WildBill
Tue Aug 01, 2017 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Cabins - "investments" or "consumptive purchases"
Replies: 38
Views: 3120

Re: Cabins - "investments" or "consumptive purchases"

Howdy

How about door number 3, " Trap (time and money sink) for the unwary." :twisted:

Listen to your wife.

W B
by WildBill
Tue Aug 01, 2017 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Shall I just leave my investment alone?
Replies: 10
Views: 916

Re: Shall I just leave my investment alone?

Howdy

I would dial the AA down a bit personally, but if you are happy with it go to the beach and worry about something else.

Lay in some good whiskey to help smooth the inevitable crunch. In moderate doses only, of course.

Good luck

W B
by WildBill
Tue Aug 01, 2017 2:56 pm
Forum: Investing - Theory, News & General
Topic: Why is it hard to beat the market?
Replies: 45
Views: 3378

Re: Why is it hard to beat the market?

Howdy

Lots and lots of very smart and hard working people with more time and better information than you agree with your argument and they are all trying very hard to beat the market.

Their efforts cancel each other out.

Good luck

W B
by WildBill
Mon Jul 31, 2017 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: Just general comments for a 22 y/o on financial position
Replies: 31
Views: 5063

Re: Just general comments for a 22 y/o on financial position

Howdy.

Bravo and well done. Keep it up.

What did you finally do about the car? :P

W B
by WildBill
Mon Jul 31, 2017 11:40 pm
Forum: Investing - Theory, News & General
Topic: Illusion of poverty/wealth
Replies: 166
Views: 26540

Re: Illusion of poverty/wealth

I believed the myth that ones taxation would be lower in retirement. Can you elaborate on this statement more? Are you being taxed more in retirement than while you were working? Do you have large amounts of passive income? Do you wish you had placed more of your retirement savings into a ROTH 401k...
by WildBill
Sat Jul 22, 2017 12:41 am
Forum: Personal Consumer Issues
Topic: Career Advice
Replies: 19
Views: 1695

Re: Career Advice

Howdy

I have found that my wife knows what I should do even before I know myself.

Happy teaching :happy

W B
by WildBill
Fri Jul 21, 2017 8:29 pm
Forum: Investing - Theory, News & General
Topic: Do Index Funds Distort Market Valuations?
Replies: 113
Views: 8372

Re: Do Index Funds Distort Market Valuations?

Thanks for working through this with me. An interesting exercise. While I am still considering that the growth of passive indexation of equities may at some point hinder efficient price discovery I do not find the scenario you are describing very persuasive, although more direct evidence would be i...
by WildBill
Fri Jul 21, 2017 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: simplicity vs chasing bonuses
Replies: 29
Views: 2614

Re: simplicity vs chasing bonuses

Dear Bogleheads, I hope this is not too strange of a post. I’m writing for two reasons: 1) a form of self-accountability in that I’ll know I’ve put this in black and white, and 2) to seek wisdom from others here who perhaps feel the same struggle. I understand simplicity in financial matters to be ...
by WildBill
Fri Jul 21, 2017 12:59 pm
Forum: Investing - Theory, News & General
Topic: Do Index Funds Distort Market Valuations?
Replies: 113
Views: 8372

Re: Do Index Funds Distort Market Valuations?

- Who are these third parties, and why would they buy the shares and hold them? if it is a subsidiary it will have to be a transparent process requiring approval by two boards. Certainly possible, but again transparent and open to public discovery. First off yes you got it. And yes this is open to ...
by WildBill
Thu Jul 20, 2017 9:13 pm
Forum: Investing - Theory, News & General
Topic: Do Index Funds Distort Market Valuations?
Replies: 113
Views: 8372

Re: Do Index Funds Distort Market Valuations?

Now to definitions- Float manipulation, as I understand it in general usage, is action taken by a company to restrict the availability of shares in the market, intended to drive the stock price higher by creating an artificial shortage. It applies in either direction. In this particular case the cl...
by WildBill
Thu Jul 20, 2017 6:46 pm
Forum: Investing - Theory, News & General
Topic: Do Index Funds Distort Market Valuations?
Replies: 113
Views: 8372

Re: Do Index Funds Distort Market Valuations?

I tried to read this and gave up. I do not think it is a deficiency in my comprehension or ability to reason. It would be very interesting and I would be very attentive if you could distill your argument(s) into two comprehensible and terse paragraphs written in clear English. Buckminster Fuller wa...
by WildBill
Thu Jul 20, 2017 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Paid off the Mortgage!
Replies: 73
Views: 5659

Re: Paid off the Mortgage!

nepats wrote:
Will do good wrote:Nice job! Onward to your next goal.
That's super funding Kids 529s! I am ready
Bravo :sharebeer

W B
by WildBill
Thu Jul 20, 2017 12:59 pm
Forum: Investing - Theory, News & General
Topic: Do Index Funds Distort Market Valuations?
Replies: 113
Views: 8372

Re: Do Index Funds Distort Market Valuations?

jbolden1517 , I expect many Bogleheads might be open to your arguments, but part of the reason you are getting so much blowback here on this Forum — dedicated to passive, index investing — is that you are making some extraordinary claims: 1) Quoting unpublished, proprietary reports (from Bank of Am...
by WildBill
Wed Jul 19, 2017 11:03 pm
Forum: Personal Consumer Issues
Topic: Books not to read.
Replies: 155
Views: 12633

Re: Books not to read.

The Sound and Fury by Faulkner It's the only classic I've read so far that I've despised. I knew going into it that the writing technique was experimental and intentionally challenging. I was able after a while to generally keep track of what was going on in the story, but it was so much effort to ...
by WildBill
Wed Jul 19, 2017 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: EMBA experiences?
Replies: 7
Views: 768

Re: EMBA experiences?

Howdy This is an interesting question. My experience was that the value of an Executive MBA is highly dependent on the organization and the career plans of the individual. I had a number of reports pursue this course. It was useful for advancement, but not nearly as useful as being a strong performe...
by WildBill
Wed Jul 19, 2017 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Approaching major milestone, need cool-headed advice
Replies: 34
Views: 5099

Re: Approaching major milestone, need cool-headed advice

Howdy Understand that you did ask for advice... Based on your description there are numerous obvious benefits of continuing your current employment, and no downsides except some descriptions of angst and a better world awaiting you .. except for your uncertainty about this, and that and the other.. ...
by WildBill
Wed Jul 19, 2017 8:18 pm
Forum: Investing - Theory, News & General
Topic: Complex (profitable?) Roth Conversion Strategy
Replies: 23
Views: 1901

Re: Complex (profitable?) Roth Conversion Strategy

Howdy I am looking for a good way to convert also. You have an interesting idea, but I think you are force fitting it with assumptions of the market recovering each year to a certain point and etc and ignoring the dynamics. Your assumption on maintaining a fixed 60/40 ratio does not take into the fa...
by WildBill
Tue Jul 18, 2017 11:05 pm
Forum: Personal Consumer Issues
Topic: A week in Iceland
Replies: 28
Views: 1811

Re: A week in Iceland

Howdy Iceland is great, and very expensive. Load up on stuff - beer, whiskey, wine, snacks, any food you might like that they have- at the duty free at the airport before you go to get your rental car. You can only buy alcohol at bars or at the national liquor stores, I think it is called Vinborg or...
by WildBill
Sun Jul 16, 2017 10:59 pm
Forum: Investing - Help with Personal Investments
Topic: What advice to give 21 year old?
Replies: 133
Views: 9329

Re: What advice to give 21 year old?

When talking about kids in CS or the like, only a very select few will start out in the same stratosphere compensation-wise. My post wasn't to denigrate physicians or their training at all, but if you think the financial opportunities in medicine aren't still appealing to the most brilliant recent ...
by WildBill
Sun Jul 16, 2017 9:52 pm
Forum: Investing - Help with Personal Investments
Topic: Can my wife and I afford to retire in one year with our portfolio, pension, social security
Replies: 41
Views: 4020

Re: Can my wife and I afford to retire in one year with our portfolio, pension, social security

Howdy One item that was mentioned with no elaboration is your opportunity to do Roth conversions. If I read your numbers correctly you have circa $900k in IRA/40K funds. That could easily grow by age 70 to close to $2 million, which would require RMDs of around $70k per year, which with SS would sig...
by WildBill
Sun Jul 16, 2017 11:04 am
Forum: Personal Finance (Not Investing)
Topic: How to use retirement funds for college without penalities or taxes?
Replies: 31
Views: 2295

Re: How to use retirement funds for college without penalities or taxes?

Howdy I am struck by how this discussion has illuminated differing perspectives based on individual's perception of their own experience and their differing values vs financial considerations. I have my own. When I was growing up our family finances were chaotic and constrained. This was a source of...
by WildBill
Sun Jul 16, 2017 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Hello there [question about savings]
Replies: 10
Views: 956

Re: Hello there [question about savings]

Howdy You have gotten excellent advice so far from people who clearly have experience. Here is some more 8-) - Saving x percent of your income for investment is mainly an exercise in will. You can do it if you want to, especially if you are young and single. Just pay yourself first and adjust your s...
by WildBill
Sat Jul 15, 2017 6:46 pm
Forum: Investing - Help with Personal Investments
Topic: What advice to give 21 year old?
Replies: 133
Views: 9329

Re: What advice to give 21 year old?

Just as a side note, one of the posters asked about earning potential for a fresh graduate - there are select summer internships for CS and mathematics students that pay in excess of $15k per month, usually with room and board provided. A "routine" internship can easily pay over 8k per month, again...
by WildBill
Sat Jul 15, 2017 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: How to use retirement funds for college without penalities or taxes?
Replies: 31
Views: 2295

Re: How to use retirement funds for college without penalities or taxes?

OK folks, I mentioned this in a different thread. I think there is a lot of good advice on these forums but one thing confuses me very much. Many folks on here say they save for college by overstuffing their retirement accounts, and then they'll use retirement accounts for college when their kids a...
by WildBill
Sat Jul 15, 2017 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: How divide college savings fairly between kids of different ages?
Replies: 9
Views: 1021

Re: How divide college savings fairly between kids of different ages?

Howdy Our two sons are now at university, which is being paid for with their 529s. I adjusted contributions to even things up, and you have the option of transferring funds between accounts also. I would also note that you have a fair amount in the accounts already - around $130k, with 12 and 16 yea...
by WildBill
Sat Jul 15, 2017 11:24 am
Forum: Investing - Theory, News & General
Topic: How are folks handling the unprecedented rise in the market ?
Replies: 166
Views: 18621

Re: How are folks handling the unprecedented rise in the market ?

Howdy

Napping is useful, as is beer. Whiskey helps also, but only in moderation.

All above are even more useful when the market is down.

Or move to Colorado, where "new highs" are not just market events.

Happy investing

W B
by WildBill
Sat Jul 15, 2017 11:06 am
Forum: Personal Finance (Not Investing)
Topic: What no-charge services do you get as a Flagship Select member at VG?
Replies: 5
Views: 1112

Re: What no-charge services do you get as a Flagship Select member at VG?

Howdy I think as a Flagship client I get a bunch of free trades and an assigned rep, who I have never spoken to. Free trades are pretty common, so that is not much of a big deal. I certainly don't get pestered about PAS or any of that stuff. And I got some handholding once upon a time that made a 40...
by WildBill
Fri Jul 14, 2017 10:25 pm
Forum: Investing - Theory, News & General
Topic: 90:10 AA - what don't you believe about it?
Replies: 101
Views: 7459

Re: 90:10 AA - what don't you believe about it?

Howdy I agree with the idea of a LMP portfolio. To me it is a sensible approach for retirees to have x (circa 20+ years) years of expenses in (hopefully) safe assets - bonds, treasuries, CDs etc --and the rest in risk assets, mostly equities. I got this idea from an article by Dr. Bernstein, and it ...
by WildBill
Fri Jul 14, 2017 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: What advice to give 21 year old?
Replies: 133
Views: 9329

Re: What advice to give 21 year old?

Just as a side note, one of the posters asked about earning potential for a fresh graduate - there are select summer internships for CS and mathematics students that pay in excess of $15k per month, usually with room and board provided. A "routine" internship can easily pay over 8k per month, again...
by WildBill
Fri Jul 14, 2017 9:20 am
Forum: Investing - Help with Personal Investments
Topic: What advice to give 21 year old?
Replies: 133
Views: 9329

Re: What advice to give 21 year old?

Howdy My kids are sort of in the same boat. I have had this discussion with them several times. They are young and overwhelmingly their assets are human capital, with high earning potential in science and CS related fields, including opportunities in startups and other high-risk high- return opportu...
by WildBill
Fri Jul 14, 2017 8:58 am
Forum: Investing - Help with Personal Investments
Topic: Work Discount Stock Purchase Plan - When to Sell
Replies: 15
Views: 879

Re: Work Discount Stock Purchase Plan - When to Sell

Howdy

As a matter of policy I always sold the shares upon receipt for the guaranteed return. The downside is it is going to be taxed as ordinary income. But it is guaranteed ordinary income. :P

Spend it prudently.

W B
by WildBill
Thu Jul 13, 2017 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity on the Cutting Edge! Or Big Brother is coming. Dunno
Replies: 6
Views: 1126

Re: Fidelity on the Cutting Edge! Or Big Brother is coming. Dunno

I think Fidelity is trying to protect their customers. Phone conversations have been recorded for a long time for this reason. A person with my key financial and personal information could call my mutual fund company and claim to be me! I like the idea of voice recognition technology. Howdy That wa...