Search found 463 matches

by WildBill
Tue Jul 16, 2019 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Take the cash or the free dinner?
Replies: 42
Views: 2878

Re: Take the cash or the free dinner?

Howdy Hourly rate of approx $100. I charge more than that for consulting, and you probably do also, but that is real work, not sitting and harassing some salesman. For sure read the fine print to make sure they are going to cough up the cash. I would not travel very far for it. This ain't work. It'...
by WildBill
Tue Jul 16, 2019 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Take the cash or the free dinner?
Replies: 42
Views: 2878

Re: Take the cash or the free dinner?

Howdy Hourly rate of approx $100. I charge more than that for consulting, and you probably do also, but that is real work, not sitting and harassing some salesman. For sure read the fine print to make sure they are going to cough up the cash. I would not travel very far for it. This ain't work. It'...
by WildBill
Tue Jul 16, 2019 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Take the cash or the free dinner?
Replies: 42
Views: 2878

Re: Take the cash or the free dinner?

There have been several threads about listening to a pitch at a free dinner, but I've been offered $200 in cash to listen to a pitch which is a first for me. I just don't recall sales pitches offering cash, but plenty offer a free vacation (time shares!) or free dinner (annuities). Howdy Hourly rat...
by WildBill
Tue Jul 16, 2019 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Have $3m at 33, "approach to career" advice needed
Replies: 145
Views: 29729

Re: Have $3m at 33, "approach to career" advice needed

Howdy Had the same opportunity at 40. Here are some thoughts" Figure out where you want to live while your kids are growing up. Figure out how to get there and where to live. Execute. Using your previous experience and your contacts conduct a brainstorming exercise and identify significant problems ...
by WildBill
Wed Jun 26, 2019 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: What does a real estate oil bust look like
Replies: 26
Views: 4485

Re: What does a real estate oil bust look like

Howdy Residential real estate in Texas is a pretty efficient market, especially in Houston and the suburbs. Houston has minimal to zero zoning restrictions. If you want to build a new sub division, you basically buy the property and build it. There are good and bad points about this, but it definite...
by WildBill
Wed Jun 26, 2019 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Taking out a loan to build a commercial building
Replies: 27
Views: 1671

Re: Taking out a loan to build a commercial building

Howdy Interesting question. Look at it from the lender’s perspective. I am restating the information you gave us from a lender’s perspective. “This guy wants a loan to build a one-off building that may not be easily transferable/leasable to other users for a business that does not exist yet.” Would ...
by WildBill
Mon Jun 24, 2019 9:21 pm
Forum: Personal Consumer Issues
Topic: Harry Bosch: the Amazon Series vs the novels
Replies: 57
Views: 9646

Re: Harry Bosch: the Amazon Series vs the novels

Ugh. Tom Cruise as Reacher. That really is just horrible casting indeed. Howdy I concur. Reacher is a huge, ugly, highly intelligent, anti-social, analytical hard ass. Exact opposite of Tom Cruise. Worst casting of all time, with the exception of Ali McGraw, Robert Mitchum and Jan Michael Vincent i...
by WildBill
Mon Jun 24, 2019 9:16 pm
Forum: Personal Consumer Issues
Topic: Harry Bosch: the Amazon Series vs the novels
Replies: 57
Views: 9646

Re: Harry Bosch: the Amazon Series vs the novels

Howdy I have read a number of the books and have just started watching the series. Pleasantly surprised. It is difficult to turn good books into a visual medium and I think they have done a great job. I also think that the casting is excellent. I had a mental picture of Bosch from the books and The ...
by WildBill
Tue May 21, 2019 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 18256

Re: Very High Net Worth, elite private or “good” public

I think we should clarify a few things which I think are being confounded in this discussion. There are at least four types of schools being discussed here. 1. “Regular” public school, drawing local students from a range of socioeconomic backgrounds, a range of academic preparedness 2. “Elite” publ...
by WildBill
Thu May 16, 2019 9:00 pm
Forum: Investing - Theory, News & General
Topic: We’ve won the game...but how do we stop playing?
Replies: 76
Views: 8268

Re: We’ve won the game...but how do we stop playing?

Howdy

Sounds like Grandma knows what she is doing. Maybe you could learn something from her.

Happy step ups on the basis

W B
by WildBill
Thu May 16, 2019 1:39 am
Forum: Personal Finance (Not Investing)
Topic: Residential lot sale scenario... opinions?
Replies: 11
Views: 1030

Re: Residential lot sale scenario... opinions?

Sandtrap: Agreed on the "red flags" comment. Lots of conditions attached to this makes us a bit wary. Not having sold any properties before without a realtor we didn't expect a drawn-out scenario like this. WildBill: Rezoning is unlikely as there is a "loose" HOA with no annual dues but they do hav...
by WildBill
Wed May 15, 2019 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Do you reward yourself for achieving a financial goal?
Replies: 107
Views: 6763

Re: Do you reward yourself for achieving a financial goal?

softwaregeek wrote:
Wed May 15, 2019 9:55 pm
When I hit 5 million net worth, I bought myself a 25k car.
Spendthrift !! :mrgreen:
by WildBill
Wed May 15, 2019 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Residential lot sale scenario... opinions?
Replies: 11
Views: 1030

Re: Residential lot sale scenario... opinions?

Howdy Interesting offer. My thought is that he is essentially buying an option and planning to flip the property, or maybe he is having trouble getting money for building and wants to lock it up while raising the money. Maybe trying to rezone it for something else besides a single family house, alth...
by WildBill
Wed May 15, 2019 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Do you reward yourself for achieving a financial goal?
Replies: 107
Views: 6763

Re: Do you reward yourself for achieving a financial goal?

TomatoTomahto wrote:
Wed May 15, 2019 5:45 am
When we hit a significant milestone, I now buy Kona coffee without feeling like I’m a spendthrift.

I still can’t get myself to splurge on business class tickets.
Howdy

When you have figured out a way to talk yourself into it let me know.

I can’t either.

W B
by WildBill
Mon May 13, 2019 9:54 pm
Forum: Forum Issues and Administration
Topic: For how long will the forum be around?
Replies: 94
Views: 7651

Re: For how long will the forum be around?

Howdy

When livesoft posts his millionth post

Happy reading

WB
by WildBill
Sun May 12, 2019 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to The Woodlands,TX
Replies: 60
Views: 10070

Re: Moving to The Woodlands,TX

Howdy The Woodlands is a pretty nice place, lots of amenities including parks and walkways, local traffic OK, decent shopping and restaurants. Real estate is very affordable, utilities cheap, no state taxes, property taxes about 3% of property value. If you are commuting to Houston traffic in rush h...
by WildBill
Thu May 09, 2019 9:39 am
Forum: Investing - Theory, News & General
Topic: How to reduce dividends?
Replies: 27
Views: 4987

Re: How to reduce dividends?

Being just above the 400% of federal poverty level is not necessarily ¨rich¨, particularly if it means you are suddenly faced with the prospect of paying for very expensive ACA health insurance policies without any premium tax credit assistance. 400% FPL is $48,560 for a one-person household. I sup...
by WildBill
Wed May 08, 2019 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: 2 Job Offers, Relocation - Stuck & Need Advice
Replies: 18
Views: 2253

Re: 2 Job Offers, Relocation - Stuck & Need Advice

Howdy

Michigan in a heartbeat. Your quality of life will take a huge jump.

Buy your house for minimal commute. Learn to x-country ski.

W B
by WildBill
Wed May 08, 2019 11:01 pm
Forum: Investing - Theory, News & General
Topic: How to reduce dividends?
Replies: 27
Views: 4987

Re: How to reduce dividends?

Responding to the OPs questions 1. Yes - both are diversified but VTCLX is a blend of growth and value and should be similar long term to VTSAX although Grabiner who has posted excellently on this topic has looked at tax efficiency and has written previously that only in the top tax bracket is the ...
by WildBill
Wed May 08, 2019 10:41 pm
Forum: Investing - Theory, News & General
Topic: Imperfect market timing still works -- if you stick with it
Replies: 149
Views: 11040

Re: Imperfect market timing still works -- if you stick with it

Howdy I am lazy, inattentive, slothful, suspicious of even minor complexity and like to nap. Buy and hold is the only possible option for me. WB :thumbsup And if properly measured over the same time period, you're certain to do better than half the money that attempts to jump in and out of the same...
by WildBill
Wed May 08, 2019 5:49 pm
Forum: Investing - Theory, News & General
Topic: Imperfect market timing still works -- if you stick with it
Replies: 149
Views: 11040

Re: Imperfect market timing still works -- if you stick with it

Howdy

I am lazy, inattentive, slothful, suspicious of even minor complexity and like to nap.

Buy and hold is the only possible option for me.

WB
by WildBill
Tue May 07, 2019 8:00 pm
Forum: Investing - Theory, News & General
Topic: How to reduce dividends?
Replies: 27
Views: 4987

Re: How to reduce dividends?

Responding to the OPs questions 1. Yes - both are diversified but VTCLX is a blend of growth and value and should be similar long term to VTSAX although Grabiner who has posted excellently on this topic has looked at tax efficiency and has written previously that only in the top tax bracket is the ...
by WildBill
Mon May 06, 2019 8:41 pm
Forum: Personal Investments
Topic: Warren Buffet's new investment ideas
Replies: 28
Views: 2710

Re: Warren Buffet's new investment ideas

If it weren’t WB doing the lending, instead say a payday shop or a pawn shop, would you be of the same opinion? Maybe, maybe not. In any event, it will be interesting to see how this all plays out, maybe some one will take out Oxy. Now that would be reminiscent of the 80’s. Howdy Comparing Oxy to s...
by WildBill
Mon May 06, 2019 6:47 pm
Forum: Personal Investments
Topic: Warren Buffet's new investment ideas
Replies: 28
Views: 2710

Re: Warren Buffet's new investment ideas

If it weren’t WB doing the lending, instead say a payday shop or a pawn shop, would you be of the same opinion? Maybe, maybe not. In any event, it will be interesting to see how this all plays out, maybe some one will take out Oxy. Now that would be reminiscent of the 80’s. Howdy Comparing Oxy to s...
by WildBill
Mon May 06, 2019 4:32 pm
Forum: Personal Investments
Topic: Warren Buffet's new investment ideas
Replies: 28
Views: 2710

Re: Warren Buffet's new investment ideas

not clear Buffett is making a wager on Oil and Gas (Permian or not) vs getting an outstanding price for lending to the company. 8% dividend on the preferred plus in the money options. I am sure he would have gone twice as much if they had let him. As long as he can see a path to getting paid back I...
by WildBill
Mon May 06, 2019 2:33 pm
Forum: Personal Investments
Topic: Warren Buffet's new investment ideas
Replies: 28
Views: 2710

Re: Warren Buffet's new investment ideas

not clear Buffett is making a wager on Oil and Gas (Permian or not) vs getting an outstanding price for lending to the company. 8% dividend on the preferred plus in the money options. I am sure he would have gone twice as much if they had let him. As long as he can see a path to getting paid back I...
by WildBill
Sat May 04, 2019 5:39 pm
Forum: Personal Consumer Issues
Topic: Denver in August
Replies: 21
Views: 1748

Re: Denver in August

Howdy Lots and lots Off the top of my head some of the greatest hits, sort of counterclockwise starting from Denver, and all great for kids Mt Evans Colorado Springs and Air Force Academy and Pikes Peak Salida and river rafting Montrose and Black Canyon of the Gunnison Leadville and museums Durango ...
by WildBill
Fri May 03, 2019 9:41 am
Forum: Personal Consumer Issues
Topic: What non fiction book will you be reading in 2019?
Replies: 188
Views: 17094

Re: What non fiction book will you be reading in 2019?

Howdy

Falter, by Bill McKibben

McKibben is smart and very well informed and a fairly reasonable guy for a dedicated environmental activist. His take on the state of the Earth is interesting and worth a read for gaining new perspective on the subject.

Happy reading

W B
by WildBill
Wed May 01, 2019 10:22 am
Forum: Personal Investments
Topic: Lucky?
Replies: 34
Views: 3209

Re: Lucky?

Howdy Congratulations on your success, or good luck, or combination of both :happy My own experience, over 40 years. I am a reasonably intelligent guy, and very interested in security analysis and related areas and studied them for many years looking for an edge. I have been an investor in individua...
by WildBill
Thu Apr 25, 2019 9:14 pm
Forum: Personal Investments
Topic: Disabled, Disillusioned, but Significant Assets - Move Overseas, Offshore?
Replies: 47
Views: 3414

Re: Disabled, Disillusioned, but Significant Assets - Move Overseas, Offshore?

I lived overseas. I didn't pay US taxes when I lived overseas. I think you can fill out "What if?" tax returns with your tax prep software to see various scenarios with your own eyes. Your assets are not particular large, so I don't see a problem with leaving your assets in the US and investing tax...
by WildBill
Mon Apr 22, 2019 3:54 pm
Forum: Personal Investments
Topic: Should I start doing Roth Conversions and if so
Replies: 89
Views: 6331

Re: Should I start doing Roth Conversions and if so

Howdy “Those words “tax avoidance tactics” are hard words. General Electric, Boeing, Verizon and 23 other profitable Fortune 500 firms paid no federal income taxes from 2008 to 2012 are masters in the art of “tax avoidance tactics”.“ Not meant to be hard, just objective.Apologies if you took offense...
by WildBill
Mon Apr 22, 2019 12:46 pm
Forum: Personal Investments
Topic: Should I start doing Roth Conversions and if so
Replies: 89
Views: 6331

Re: Should I start doing Roth Conversions and if so

Hello to all and thank you for your time and insight. Computer was off all day yesterday Response to some questions think the best way to look at it is for Shaneman to get tax software and play with it. There are other things that might be triggered that we don't think about. Although Florida might...
by WildBill
Sat Apr 20, 2019 9:44 am
Forum: Personal Investments
Topic: Should I start doing Roth Conversions and if so
Replies: 89
Views: 6331

Re: Should I start doing Roth Conversions and if so

Howdy Here is a thread with a discussion of a similar situation. I started it several years ago, and got excellent advice. Your situation is similar to mine, essentially multiplied by 2 or 2.5. https://www.bogleheads.org/forum/viewtopic.php?f=1&t=194882&start=50 One item that was unclear was the inc...
by WildBill
Wed Apr 17, 2019 9:24 pm
Forum: Personal Consumer Issues
Topic: Bogleheads privacy warning
Replies: 61
Views: 5560

Re: Bogleheads privacy warning

livesoft wrote:
Wed Apr 17, 2019 8:15 pm
retire2022 wrote:
Wed Apr 17, 2019 8:08 pm
livesoft what about pot stocks? :)
I have some pots out on the patio and anybody is welcome to plant some impatiens or other flowers in them.

My index funds may have marijuana stocks, but those index funds are not in my home.
Howdy

They’ll be coming for the Dr Pepper
by WildBill
Sat Apr 13, 2019 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice for 30 y/o in software sales
Replies: 16
Views: 1723

Re: Career advice for 30 y/o in software sales

Howdy Interesting post. I have been on several different sides of your situation. Here are some thoughts What is your ultimate goal or ideal career path? The reason for this question is that as a direct contributor enterprise sales is a position where the upside is potentially almost unlimited, as l...
by WildBill
Sat Apr 13, 2019 10:56 am
Forum: Personal Finance (Not Investing)
Topic: IRS 2% bounced check fee!!
Replies: 42
Views: 5524

Re: IRS 2% bounced check fee!!

Funds did not make it from my investment account to my checking account in time for the ACH payment to the IRS for estimated tax payment. Still payed on time. 2% fine on the total felt unfair. Beware! https://www.irs.gov/taxtopics/tc206 When a check or other commercial payment instrument the IRS re...
by WildBill
Tue Apr 09, 2019 3:33 pm
Forum: Investing - Theory, News & General
Topic: What did you learn from 2018 in the markets?
Replies: 114
Views: 8130

Re: What did you learn from 2018 in the markets?

Howdy

It reinforced my conviction on the benefits of tax loss harvesting and rebalancing.

I ended up with essentially the same level of assets, but with 100k in losses to carry forward. If that is not a free lunch I do not know what is.

W B
by WildBill
Tue Apr 02, 2019 10:28 am
Forum: Personal Consumer Issues
Topic: Folks in their 60s and above. What early investment on health do you recommend.
Replies: 193
Views: 13720

Re: Folks in their 60s and above. What early investment on health do you recommend.

[/quote] From livesoft Also I use a bathroom scale every day I am at home. My scale is right there in the bathroom, so I have to step on it or over it to go from closet to shower. By doing so, you will learn which meals create weight gain for you and what kinds of things create weight loss for you. ...
by WildBill
Mon Apr 01, 2019 9:34 pm
Forum: Non-US Investing
Topic: Your opinion on debt?
Replies: 111
Views: 6866

Re: Your opinion on debt?

Howdy The rich rule over the poor, and the borrower is slave to the lender. Proverbs 22.7 Enough said. I completely understand in my rational brain the attraction of debt and the possibilities of leverage, but my lizard brain hollers “BS”, so I do not like debt. Happy debt-free living. W B What doe...
by WildBill
Mon Apr 01, 2019 10:06 am
Forum: Non-US Investing
Topic: Your opinion on debt?
Replies: 111
Views: 6866

Re: Your opinion on debt?

Howdy

The rich rule over the poor, and the borrower is slave to the lender.

Proverbs 22.7

Enough said. I completely understand in my rational brain the attraction of debt and the possibilities of leverage, but my lizard brain hollers “BS”, so I do not like debt.

Happy debt-free living.

W B
by WildBill
Sat Mar 30, 2019 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Relocating - Raleigh / Durham
Replies: 21
Views: 1797

Re: Relocating - Raleigh / Durham

Howdy For Raleigh the area you want to live is called ITB, or “ Inside the Beltway”. You will figure it out after you do some research. Basically put a pin in the state capitol and draw a circle of 2 mile radius. Lots of great neighborhoods and amenities, as Raleigh is a state capital and a major un...
by WildBill
Fri Mar 29, 2019 8:37 pm
Forum: Personal Consumer Issues
Topic: Tattoos and Bogleheads
Replies: 180
Views: 8933

Re: Tattoos and Bogleheads

The inhabitant of my body 25 years ago was an idiot, so I'm glad he didn't emblazon any messages for future me to enjoy on the daily. Howdy I concur and agree. I will also note that I am still an idiot, but luckily now I do not have the energy or interest to go somewhere and let some yahoo poke me ...
by WildBill
Thu Mar 28, 2019 9:31 pm
Forum: Personal Consumer Issues
Topic: Anyone disenchanted with retirement?
Replies: 217
Views: 32466

Re: Anyone disenchanted with retirement?

Image

Howdy

My retirement.

Bliss.

W B
by WildBill
Thu Mar 28, 2019 9:09 pm
Forum: Personal Investments
Topic: Should I sign up with a brokerage with a local branch?
Replies: 34
Views: 1361

Re: Should I sign up with a brokerage with a local branch?

Howdy

Local Fidelity office has cookies and pretty good coffee. Also the WSJ that I can browse while enjoying the coffee.

Having the office handy was useful when I had to settle estates a few years ago. Otherwise, just a coffee stop if I happen to pass by and have a coffee deficit.

W B
by WildBill
Mon Mar 25, 2019 2:21 pm
Forum: Personal Consumer Issues
Topic: Good Modern Science Fiction
Replies: 385
Views: 56535

Re: Good Modern Science Fiction

Stranger in a strange land was one of the worst sci-fi books I've ever read. I will def admit that I am younger than his era and thus the tropes of the day used on that book seem totally dated and ridiculous to me, likely because I don't relate to that era. Howdy There are plenty of novels that are...
by WildBill
Mon Mar 25, 2019 9:55 am
Forum: Personal Consumer Issues
Topic: I would like a boat. I also know nothing about boats
Replies: 147
Views: 9001

Re: I would like a boat. I also know nothing about boats

It’s been said before, boaters safety course before you start looking at boats. Boat = bust out another thousand. I used to sail a lot. We had a saying for people who wanted to know if they would enjoy sailing. "Rig up a rope swing in your back yard, get two friends to come over. Have one swing you...
by WildBill
Sun Mar 10, 2019 11:58 pm
Forum: Personal Investments
Topic: Late Career Roth Value
Replies: 19
Views: 2423

Re: Late Career Roth Value

Howdy

By the way, here is the wiki link.

https://www.bogleheads.org/wiki/After-tax_401%28k%29

W B
by WildBill
Sun Mar 10, 2019 11:49 pm
Forum: Personal Investments
Topic: Late Career Roth Value
Replies: 19
Views: 2423

Re: Late Career Roth Value

Howdy Check out the options for your 401 K by checking with the administrator.I was able to make after tax contributions to my 401 K, which I could then roll into my Roth. It is called an inservice rollover. You may also be able to accumulate after tax contributions in your 401 K and then roll them ...
by WildBill
Sat Mar 09, 2019 11:21 pm
Forum: Investing - Theory, News & General
Topic: My name is _____, & I am a MARKET TIMER.
Replies: 109
Views: 7653

Re: My name is _____, & I am a MARKET TIMER.

Howdy My name is Wild Bill and I am a non-recovering and unrepentant market timer. My friend Sam has it worse. He confesses to his Mom that he is a market timer,but only because he is actually too ashamed to admit to being an attorney. Enjoy buying the dips, or selling the spikes, or whatever works ...
by WildBill
Thu Mar 07, 2019 5:28 pm
Forum: Investing - Theory, News & General
Topic: Why isn't tax gain harvesting suggested more often?
Replies: 33
Views: 2686

Re: Why isn't tax gain harvesting suggested more often?

Howdy Interesting question. Tax gain harvesting is useful to avoid future capital gains tax on securities sales, and also a way of creating liquidity with zero tax from security sales. For this to be useful you have to be in a zero effective bracket. I can see it would be very useful for a retiree o...