Search found 39 matches

by Jack56
Sun Dec 02, 2018 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Rent v. buy in NYC
Replies: 34
Views: 3512

Re: Rent v. buy in NYC

Whenever I have done the math renting vs. buying works out about the same -- as it should otherwise there is an arbitrage situation, i.e., buy a condo, rent it out out and make free money? That opportunity is unlikely to persist for any length of time. In buying you get leverage from the mortgage bu...
by Jack56
Sun Oct 21, 2018 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Dividend Growth Funds
Replies: 7
Views: 956

Re: Dividend Growth Funds

If as you think the dividend growth fund is less risky then its return should also be less. I am not aware of any theory that indicates that companies that grow their dividends have a better return than the market, adjusting for risk. Also Vanguard has several dividend growth funds that probably wil...
by Jack56
Fri Aug 10, 2018 2:27 pm
Forum: Investing - Theory, News & General
Topic: NYT: The Big, Dangerous Bubble in Corporate Debt
Replies: 18
Views: 3741

Re: NYT: The Big, Dangerous Bubble in Corporate Debt

Whoever is lending is probably a lot more savvy than the NYT writer (certainly he has been financially way more successful because he has the money to lend) so I am dubious that the NYT has any more insight into whether there is a "bubble" than a random person in the street.
by Jack56
Sun Jul 29, 2018 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Advice For Friend Going Through Divorce
Replies: 25
Views: 3601

Re: Advice For Friend Going Through Divorce

Unfortunately there may be some sense to your friend's strategy because if he is the high earner a lot of what he earns and doesn't spend may be given to his spouse and if he is the low earner his standard of living may be taken into account in determining the high earner's support obligations. Lega...
by Jack56
Tue Jul 17, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: US citizen living in the US -- remote work for German company. Taxes? Currency? Invoicing? Benefits?
Replies: 7
Views: 868

Re: US citizen living in the US -- remote work for German company. Taxes? Currency? Invoicing? Benefits?

Agree on a salary in USD and have them pay it in USD. US citizens are taxed on worldwide income so the payor's domicile is irrelevant. You will need to keep good records and report on schedule C. If you are organized it is easy with Turbo tax. If you are not organized use an accountant.
by Jack56
Tue May 22, 2018 7:42 pm
Forum: Investing - Theory, News & General
Topic: Theory: Total World Index a Sure Fire Win [VT/VTWSX]
Replies: 155
Views: 15464

Re: Theory: Total World Index a Sure Fire Win [VT/VTWSX]

Buying the global portfolio is the least risky way of investing. There is no accepted economic theory that i am aware of that buying some part of the global portfolio is less risky than buying the global portfolio. People say that if you had invested in X or Y you would have done better than the glo...
by Jack56
Sun Jan 28, 2018 12:40 pm
Forum: Personal Consumer Issues
Topic: Travel to Poland, Estonia, Lithuania: is it worth it?
Replies: 37
Views: 3740

Re: Travel to Poland, Estonia, Lithuania: is it worth it?

If you rate countries as travel destinations on food, sights and people, eastern Europe would have to rank below average certainly by European standards --with countries like Italy, France and Britain well above average. I spent a lot of time working in Warsaw and liked it though i would not think o...
by Jack56
Mon Jan 15, 2018 5:19 pm
Forum: Personal Consumer Issues
Topic: TSA locks for luggage
Replies: 18
Views: 1637

Re: TSA locks for luggage

I travel a lot. I have never locked anything because a lock indicates to a thief that the luggage contains something valuable. Seems to me that if the item is valuable you should either carry it on or leave it home.
by Jack56
Wed Jan 10, 2018 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: Barclays Schiller CAPE ETN
Replies: 14
Views: 1528

Re: Barclays Schiller CAPE ETN

I have never seen any persuasive evidence that investing following Schiller's CAPE will generate excess returns. And if it did lots of people would pile in to that space and whatever advantages would quickly disappear. I am also very dubious that paying 45 bps in management fees can possibly lead to...
by Jack56
Fri Dec 08, 2017 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: CPA: The best profession if you want to make the most money + keep the most money?
Replies: 62
Views: 7967

Re: CPA: The best profession if you want to make the most money + keep the most money?

If you want to become rich quick you might check out your local lottery rather than trying to become a doctor, which requires that you go to school and learn a lot of tedious things like chemistry and biology. And I doubt that learning accounting is a whole lot better.
by Jack56
Fri Dec 08, 2017 11:18 pm
Forum: Investing - Theory, News & General
Topic: Jason Zweig’s Finds limits to Index’s Effectiveness
Replies: 4
Views: 1471

Re: Jason Zweig’s Finds limits to Index’s Effectiveness

I didn't think the article made a lot of sense for a number of reasons. The returns for under-followed stocks may be higher but so are the risks. It is also very naive to think that people who get their investment advice from a widely available publication (the WSJ) can in some way beat the market o...
by Jack56
Wed Nov 08, 2017 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Lending Money to Business Acquaintance
Replies: 17
Views: 1632

Re: Lending Money to Business Acquaintance

You don't address whether it is a good business with poor management or a bad business with mediocre management. If it is a good business you might take equity in return for cash with some control over management. If it is a bad business or this guy is not a very good manager & you don't want to get...
by Jack56
Mon Sep 11, 2017 10:12 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Digging Into 'Deep Value'
Replies: 42
Views: 6520

Re: Larry Swedroe: Digging Into 'Deep Value'

I am dubious that this is correct any longer. It is widely known that there is or was a value premium and today you can invest in value cheaply through an ETF. It is hard to see why you should make an excess return by investing in something that is well known and easy to accomplish. I dont buy the b...
by Jack56
Mon Sep 04, 2017 7:54 pm
Forum: Personal Consumer Issues
Topic: How do you reverse a lifetime of frugality and learn to spend some money?
Replies: 59
Views: 7984

Re: How do you reverse a lifetime of frugality and learn to spend some money?

If you are most happy with being frugal maybe you don't need to change anything.
by Jack56
Mon Jul 31, 2017 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Philosophy major and future law student
Replies: 93
Views: 7253

Re: Philosophy major and future law student

I did philosophy and law and it worked out fine. There is a lot of serendipity in life. These things are hard to predict.
by Jack56
Mon Jul 17, 2017 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage on horizon - Question on Pre-Marital $ vs. Post Married $
Replies: 24
Views: 4431

Re: Marriage on horizon - Question on Pre-Marital $ vs. Post Married $

If there is a sizable amount of money involved in your premarital assets retain a lawyer to advise you. In NY, premarital assets are not deemed part of the marital estate so long as they are kept segregated.
by Jack56
Sat Jul 15, 2017 2:14 pm
Forum: Investing - Theory, News & General
Topic: The CAPEable Portfolio!
Replies: 30
Views: 3263

Re: The CAPEable Portfolio!

I have never seen any clear evidence that one can make money using CAPE.
by Jack56
Thu Jul 13, 2017 3:25 pm
Forum: Personal Consumer Issues
Topic: Hotel tipping: how much to leave?
Replies: 72
Views: 5591

Re: Hotel tipping: how much to leave?

I have traveled more than most human beings on this planet and have never tipped for housekeeping. I consider that service to be included in the room rate. I would only tip if someone performed a special service for a request that was atypical.
by Jack56
Tue Jul 04, 2017 8:44 am
Forum: Investing - Theory, News & General
Topic: Paul Merriman: The One Fund Every Investor Should Own
Replies: 122
Views: 22548

Re: Paul Merriman: The One Fund Every Investor Should Own

There is no small cap effect according to the latest research. You are just taking on more risk in the hope of more return. William Bernstein talks about this in one of his books. People who make their living giving advice on investing have to make it complicated or else why would anyone pay them? T...
by Jack56
Sun Jul 02, 2017 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Buying Health Insurance
Replies: 16
Views: 2748

Re: Buying Health Insurance

Post Obamacare there isn't a lot of choice in the market for private health insurance so I would not put a lot of time into thinking about this. Going without and trying to bargain on price is pretty risky if you are taken to a hospital with say a heart attack and are not in a position to compare pr...
by Jack56
Tue Jun 27, 2017 9:49 am
Forum: Personal Consumer Issues
Topic: Consumer Reports Renewal (or not?)
Replies: 53
Views: 5684

Re: Consumer Reports Renewal (or not?)

I stopped subscribing a few years ago because I had followed their recommendations on some purchases, which turned out badly, there is now a lot of free information on the internet, which may be just as good or better, I didn't appreciate their political perspective on lots of issues that didn't see...
by Jack56
Sat Jun 24, 2017 2:37 pm
Forum: Personal Consumer Issues
Topic: Contractor took deposit but never did any work. What next?
Replies: 57
Views: 22500

Re: Contractor took deposit but never did any work. What next?

As a lawyer i can tell you that at five figures it is worth retaining a lawyer to advise you on your options. You can then decide what to do. His advice should not be more than a few hundred dollars depending on where you live -- if the facts are as simple as you say. In my opinion it is worth spend...
by Jack56
Mon Jun 12, 2017 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Attorneys: Can family be held liable if moving elder into independent living apartment?
Replies: 17
Views: 2754

Re: Attorneys: Can family be held liable if moving elder into independent living apartment?

It is possible but who would sue you? the person with dementia who wandered away? Sounds far fetched.
by Jack56
Sun Jun 11, 2017 1:31 pm
Forum: Investing - Theory, News & General
Topic: Bogle Doubles Down on US Index Funds
Replies: 118
Views: 20714

Re: Bogle Doubles Down on US Index Funds

I am unaware of any academic research that supports Mr Bogle's point of view though in terms of risk reduction international diversification seems to accomplish less and less each year as global markets seem to become more and more correlated. But this can change.
by Jack56
Sat Jun 10, 2017 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: How does a mere mortal navigate healthcare/insurance issues
Replies: 55
Views: 7318

Re: How does a mere mortal navigate healthcare/insurance issues

It is difficult because the American health care system is sleazy -- there is no price transparency and the system at all levels -- doctors, hospitals, drugs, insurance bilks consumers with hidden charges and costs.
by Jack56
Sat Jun 10, 2017 4:19 pm
Forum: Investing - Theory, News & General
Topic: Jim Rogers predicting "crash of a lifetime" this year or next
Replies: 89
Views: 15117

Re: Jim Rogers predicting "crash of a lifetime" this year or next

How could any singe person predict the future, except as a matter of random luck?
by Jack56
Tue May 16, 2017 3:22 pm
Forum: Investing - Theory, News & General
Topic: Best way to hold Treasury Bills???
Replies: 40
Views: 10728

Re: Best way to hold Treasury Bills???

If you have a reasonable amount to invest in Treasuries, say 100K or more, i would construct a ladder using either Treasury Direct or Vanguard. In a low interest rate environment the fees on funds, even Vanguard, are high as a percentage of the yield.
by Jack56
Mon Mar 20, 2017 8:24 pm
Forum: Personal Consumer Issues
Topic: Short visit to Hong Kong - "must do/see"?
Replies: 16
Views: 1944

Re: Short visit to Hong Kong - "must do/see"?

HK has no real sights in terms of what you mention. What is interesting is watching these incredibly industrious people and the city that they and the British built. Walk about Kowloon and Central and reflect on what these people will accomplish over the next hundred years. Enjoy the beauty of the h...
by Jack56
Mon Feb 13, 2017 7:06 pm
Forum: Investing - Help with Personal Investments
Topic: Wow, Vanguard Flagship service is bad. Really bad.
Replies: 170
Views: 32772

Re: Wow, Vanguard Flagship service is bad. Really bad.

I have worked with Vanguard for about twenty years and think they do a pretty good job. They have made a few errors over the years but back office people who open accounts, handle transfers, etc. don't get paid much and are often not as capable as one would like. That is the way it is in every finan...
by Jack56
Wed Feb 01, 2017 7:53 pm
Forum: Personal Consumer Issues
Topic: Dental insurance, dental plans or pay as you go?
Replies: 43
Views: 6332

Re: Dental insurance, dental plans or pay as you go?

Dental insurance is not really insurance as it does not cover catastrophic costs. It is a tax advantaged way of paying your dentist either to the self employed directly as a deduction or to your company but a lot of dentists in major metropolitan areas don't accept it because of the hassle and the l...
by Jack56
Mon Nov 28, 2016 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance question from small bus. owner
Replies: 7
Views: 1084

Re: Health insurance question from small bus. owner

If Kansas is anything like NY you will find that your real choices as a self employed person are very limited. Here all of the major insurers except BC/BS Anthem have left the market and what is available is expensive and not widely accepted. I used to use a broker but I now find that using a broker...
by Jack56
Mon Oct 03, 2016 9:48 am
Forum: Investing - Theory, News & General
Topic: 30 yr TIPS Auction: Announced 10/13: yield 0.6%?
Replies: 66
Views: 7825

Re: 30 yr TIPS Auction: Announced 10/13: yield 0.6%?

You could also buy a one year treasury and roll it over thirty times. You would probably get about the same inflation protection and the yields at least for now are similar.
by Jack56
Wed Aug 17, 2016 4:39 pm
Forum: Investing - Theory, News & General
Topic: Why is Soros betting against the market (shorting SPY)?
Replies: 33
Views: 6515

Re: Why is Soros betting against the market (shorting SPY)?

There is no evidence that anyone including George Soros can predict short term movements in the equity markets and there is no evidence that George Soros made his money predicting short term movements in the equity markets -- so I would ignore it.
by Jack56
Thu Aug 11, 2016 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy into practice (partnership)?
Replies: 8
Views: 1364

Re: Should I buy into practice (partnership)?

Buying a share in a privately held business requires the advice of a lawyer and accountant because the real issue is how sustainable are the profits.
by Jack56
Thu Aug 11, 2016 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Purchasing land as an investment
Replies: 14
Views: 1842

Re: Purchasing land as an investment

Even assuming there is any factual basis for the 5-8% annual appreciation, that sort of return does not seem adequate for a high risk investment like vacant land -- which will be hard to sell if things don't work out as you hope.
by Jack56
Mon Aug 01, 2016 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Consumer Reports, how could you? [Investment Company Buying Guide]
Replies: 74
Views: 9835

Re: Consumer Reports, how could you? [Investment Company Buying Guide]

I gave up on CR a few years ago. Too much political stuff and propaganda that is irrelevant to why i used to read it. It also seemed to me that a lot of their reviews were inaccurate and you could now evaluate most products on line for free.
by Jack56
Mon Jul 18, 2016 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: How long does TreasuryDirect take to convert paper I bonds?
Replies: 68
Views: 21208

Re: How long does TreasuryDirect take to convert paper I bonds?

I submitted bonds seven weeks ago in May. Nothing so far.
by Jack56
Wed Jul 13, 2016 8:14 pm
Forum: Personal Consumer Issues
Topic: Do you tip Uber drivers?
Replies: 49
Views: 9096

Re: Do you tip Uber drivers?

no. Besides charity, I don't give money away to people who are not family. If UBER drivers were really underpaid they would do something else. If you are going to get involved with tipping and cash you might as well use a taxi.
by Jack56
Thu Jun 30, 2016 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: What happen with my portfolio,if my broker bankrupt ? [non-US brokers]
Replies: 8
Views: 1288

Re: What happen with my portfolio,if my broker bankrupt ? [non-US brokers]

There is no general answer to this question because it will depend on the law where the broker is domiciled.