Search found 1109 matches

by CurlyDave
Sat Aug 17, 2019 12:10 am
Forum: Personal Investments
Topic: Recommended Bond Funds at TDA
Replies: 7
Views: 479

Re: Recommended Bond Funds at TDA

...Going the T-Bill route, the portfolio begins to resemble the Talmud Portfolio (1-part enterprise, 1-part real estate, 1-part reserves). In Common Sense on Mutual Funds, Jack Bogle discusses this portfolio briefly as an inspiration (pg.78 if my notes are correct), before stating his own investing...
by CurlyDave
Fri Aug 16, 2019 2:49 pm
Forum: Personal Investments
Topic: AA on real estate for overall portfolio?
Replies: 20
Views: 1077

Re: AA on real estate for overall portfolio?

White Coat Investor wrote:
Fri Aug 16, 2019 2:36 pm
Tyler Aspect wrote:
Thu Aug 15, 2019 1:53 pm
From what I know commercial real-estate generates similar return to stocks, but with less tax efficiency
Let me introduce you to my friends depreciation, 1031 exchange, and step-up in basis at death.
+1
by CurlyDave
Fri Aug 16, 2019 2:49 pm
Forum: Personal Investments
Topic: AA on real estate for overall portfolio?
Replies: 20
Views: 1077

Re: AA on real estate for overall portfolio?

I am retired with about a 33/33/33: Stocks/RE/Capitalized Pensions & SS AA.

Moving to put a little of the stocks into Fixed Income.
by CurlyDave
Fri Aug 16, 2019 12:24 pm
Forum: Personal Investments
Topic: Recommended Bond Funds at TDA
Replies: 7
Views: 479

Recommended Bond Funds at TDA

I just turned 74 yesterday, and have to admit that other than a few paper iBonds from 2001 or 2002, I have never held a bond in my entire life. I have been retired for 12 years and DW for about 2. Our investable portfolio is divided roughly 50-50 between stocks and brick and mortar real estate. The ...
by CurlyDave
Wed Aug 14, 2019 10:17 pm
Forum: Personal Investments
Topic: Interest rates low: leverage up?
Replies: 62
Views: 4168

Re: Interest rates low: leverage up?

...I thought I saw something similar with leverage showing about a 140% sweet spot. I can't be certain... This is likely a reference to the "Kelly criterion." The Kelly criterion applies to gambling situations with repeated bets. The best thing I've read about it is a book by William Poundstone, Fo...
by CurlyDave
Wed Aug 14, 2019 3:10 am
Forum: Personal Consumer Issues
Topic: Skunks keep coming in our yard!
Replies: 30
Views: 2226

Re: Skunks keep coming in our yard!

Fight fire with fire.

A spray bottle of ammonia that puts out a strong stream will discourage skunks (and anything else).
by CurlyDave
Wed Aug 14, 2019 2:31 am
Forum: Investing - Theory, News & General
Topic: Domestic returns next 10 years
Replies: 45
Views: 2925

Re: Domestic returns next 10 years

"The Nobel Memorial Prize in Economic Sciences, commonly referred to as the Nobel Prize in Economics,[2] is an award for outstanding contributions to the field of economics,[3] and generally regarded as the most prestigious award for that field. The award's official name is The Sveriges Riksbank Pri...
by CurlyDave
Wed Aug 14, 2019 2:17 am
Forum: Investing - Theory, News & General
Topic: Domestic returns next 10 years
Replies: 45
Views: 2925

Re: Domestic returns next 10 years

But he does have one more Nobel Prize than either of us.
by CurlyDave
Wed Aug 14, 2019 1:58 am
Forum: Investing - Theory, News & General
Topic: Domestic returns next 10 years
Replies: 45
Views: 2925

Re: Domestic returns next 10 years

Just as an extreme example of how well predictions work, and without attempting to place any political spin on this, on election night 2016, when the results became apparent, stock futures plummeted. The Nobel Prize winning economist, Paul Krugman, was asked how long they would take to recover and s...
by CurlyDave
Wed Aug 14, 2019 1:08 am
Forum: Personal Investments
Topic: E. Jones/Vanguard and now Fisher Investments
Replies: 44
Views: 7536

Re: E. Jones/Vanguard and now Fisher Investments

Klaxton wrote:
Tue Nov 06, 2018 10:05 pm
... On the other hand, I did make a commitment to ask and respond. Stay tuned...
If I had made an appointment with Vlad the Impaler, I would have no problems breaking it once I found out his true nature.
by CurlyDave
Tue Aug 13, 2019 11:27 pm
Forum: Personal Investments
Topic: Tell me about TD Ameritrade
Replies: 21
Views: 1463

Re: Tell me about TD Ameritrade

unclescrooge wrote:
Tue Aug 13, 2019 11:07 pm
I've used TD since they were datek, back in 1999.

Excellent platform and customer service.
+1

I still have a datek baseball cap they gave me way back then, I think that was before 1999, I know it was with a 2400 baud modem and a landline. No complaints at all.
by CurlyDave
Tue Aug 13, 2019 2:11 pm
Forum: Personal Investments
Topic: Interest rates low: leverage up?
Replies: 62
Views: 4168

Re: Interest rates low: leverage up?

I am a user of hedgefundie's adventure portfolio and still not sure how I feel about your plan. UPRO tracks 3x the S&P500s daily return but does not track it's longterm return. It really needs to be used to compliment an optimized portfolio. I cannot share this link since it uses simulated UPRO dat...
by CurlyDave
Mon Aug 12, 2019 10:38 pm
Forum: Personal Investments
Topic: Can having wealthy parents be a justification for a more aggressive investment strategy?
Replies: 90
Views: 5980

Re: Can having wealthy parents be a justification for a more aggressive investment strategy?

Even without wealthy parents someone in their early 30s can reasonably be quite aggressive with their AA. If there is a market crash early on, you have lots of time to recover. And, a seldom recognized fact is that post crash investments will be made at bargain prices if your employment holds out. I...
by CurlyDave
Mon Aug 12, 2019 12:38 am
Forum: Personal Investments
Topic: Student loan debt vs. VTSAX
Replies: 37
Views: 2494

Re: Student loan debt vs. VTSAX

No matter what a spreadsheet might indicate, it is driven by probabilities. Do you really want to be that guy who lost his chance to get out from under his student loan because he was greedy? I wouldn't even hesitate. The interest burden of the loan is a certainly, the return from VTSAX is not. No ...
by CurlyDave
Sun Aug 11, 2019 5:36 pm
Forum: Investing - Theory, News & General
Topic: The fallacy of Dollar Cost Averaging
Replies: 101
Views: 8366

Re: The fallacy of Dollar Cost Averaging

It may have been coined or first referenced in 1975 in this book: The Intelligent Investor: revised 1972 edition Benjamin Graham, Jason Zweig. Collins, 2003. ISBN 0-06-055566-1 No, the term was in use at least as early as the early 1930s. I have a book from that era which devote an entire chapter t...
by CurlyDave
Sat Aug 10, 2019 11:54 pm
Forum: Investing - Theory, News & General
Topic: The fallacy of Dollar Cost Averaging
Replies: 101
Views: 8366

Re: The fallacy of Dollar Cost Averaging

... I do not see how investing every paycheck can possibly be seen as trying to avoid anything bad happening. Investing every paycheck is intended to avoid running out of money in retirement, which is a very bad thing. :D OTOH, I see and agree that there is great confusion about the the DCA term.
by CurlyDave
Sat Aug 10, 2019 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: Cash out Re-Fi vs HELOC for landscape project
Replies: 13
Views: 702

Re: Cash out Re-Fi vs HELOC for landscape project

...Am I sure this is a good idea? Maybe i am overspending by $10K, but its part utility (Driveway needs it) and the other part just needs updating. I know the cost is expensive but it just adds up. I could probably save a bit if i got different bids, but in the end, its still going to be a lot. I w...
by CurlyDave
Sat Aug 10, 2019 11:15 pm
Forum: Personal Investments
Topic: Student loan debt vs. VTSAX
Replies: 37
Views: 2494

Re: Student loan debt vs. VTSAX

I think you are simply ignoring the future value of the cash payments and confusing average with annual returns. The only relevant metric to base this decision on is the return of each - if you will make more money on the stock after taxes, then you should keep it and pay the debt. Of course, you c...
by CurlyDave
Sat Aug 10, 2019 11:02 pm
Forum: Investing - Theory, News & General
Topic: The fallacy of Dollar Cost Averaging
Replies: 101
Views: 8366

Re: The fallacy of Dollar Cost Averaging

You either DCA or lump sum. By definition if you lump sum you either are holding back savings to then invest at some future date or you came into a windfall. This whole thread only has any meaning if you came into a sudden windfall. In that case, the data is to invest all at once to be fully invest...
by CurlyDave
Sat Aug 10, 2019 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage for Retirees
Replies: 28
Views: 2307

Re: Mortgage for Retirees

Margin loan is an option for some. And if it is, it might be a better option. No closing costs, no payments required (if you maintain maintenance margin), no income required, and the interest rate can be better. Plus the lending standards are as loose as a 2005 Miami, FL no doc loan. You will proba...
by CurlyDave
Sat Aug 10, 2019 3:53 pm
Forum: Personal Investments
Topic: Super Lazy portfolio, just VSMGX? [Vanguard LifeStrategy Moderate Growth]
Replies: 30
Views: 4479

Re: Super Lazy portfolio, just VSMGX? [Vanguard LifeStrategy Moderate Growth]

Is it really a "fund of funds", or do they just buy the underlying shares in the correct proportions?

The fund of funds idea has been around for a long time and its downfall is that you are stacking fees on top of fees.
by CurlyDave
Sat Aug 10, 2019 3:46 pm
Forum: Investing - Theory, News & General
Topic: The fallacy of Dollar Cost Averaging
Replies: 101
Views: 8366

Re: The fallacy of Dollar Cost Averaging

... Money you have in hand = money already invested (ignoring taxes and fees). People who believe in DCA don't comprehend this... +1 It is difficult to get the average person on this board to understand the concept, and as far as the average investor goes, it is even harder. The very second that mo...
by CurlyDave
Sat Aug 10, 2019 3:25 pm
Forum: Personal Consumer Issues
Topic: Overflowing/leaking gutters
Replies: 18
Views: 1154

Re: Overflowing/leaking gutters

<r><QUOTE author="SlowMovingInvestor" post_id="4690257" time="1565467669" user_id="112674"><s>[quote=SlowMovingInvestor post_id=4690257 time=1565467669 user_id=112674]</s> <br/> ...It may be that a new downspout from this section down is needed , or I need to put a larger gutter in. But as I underst...
by CurlyDave
Sat Aug 10, 2019 2:06 pm
Forum: Personal Consumer Issues
Topic: Overflowing/leaking gutters
Replies: 18
Views: 1154

Re: Overflowing/leaking gutters

...1) Could the gutter just be improperly sized for the amount of runoff ? if so, any way to fix it short of replacing the entire house gutter with a larger width gutter ? Thanks ! If the problem is a too small downspout, the least expensive fix could be to just add a second downspout to the overfl...
by CurlyDave
Sat Aug 10, 2019 10:47 am
Forum: Personal Investments
Topic: Human capital and asset allocation?
Replies: 28
Views: 961

Re: Human capital and asset allocation?

Human capital was important for my choice of AA. My employment was very secure and I had disability insurance early on. Except when I planned for a large purchase I was 100% equities. I bought stocks every month and was pretty much buy and hold. Now I have no human capital. I have chosen not to go ...
by CurlyDave
Thu Aug 08, 2019 12:55 am
Forum: Personal Investments
Topic: Helping my CSRS parent navigate meeting with Raymond James CFP
Replies: 30
Views: 2508

Re: Helping my CSRS parent navigate meeting with Raymond James CFP

I highly recommend not going at all, but if you must remember that one of the sales tactics he will use is to make you (or your dad) feel guilty about not investing with him.

There is no need to be polite to this man...
by CurlyDave
Wed Aug 07, 2019 12:23 am
Forum: Personal Finance (Not Investing)
Topic: Employer offering equity in company. What questions to ask?
Replies: 33
Views: 2478

Re: Employer offering equity in company. What questions to ask?

Yinks wrote:
Tue Aug 06, 2019 9:45 pm

...My gut says decline but i want to be prepared to do my due diligence.
Declining may limit your career trajectory at that company...
by CurlyDave
Mon Aug 05, 2019 11:31 pm
Forum: Personal Consumer Issues
Topic: ways to stay a little cleaner during diy car maintenance
Replies: 39
Views: 2271

Re: ways to stay a little cleaner during diy car maintenance

1. Disposable rubber gloves are great for oil, grease or whatever. 2. I always put a roll of paper towels under the car in a reachable place before I crawl under it. 3. If you spill oil on the driveway, absorb as much as you can with kitty litter. To get the remaining oil stain out of the concrete s...
by CurlyDave
Mon Aug 05, 2019 1:12 am
Forum: Personal Consumer Issues
Topic: Extreme Anxiety with Time/Money
Replies: 95
Views: 8042

Re: Extreme Anxiety with Time/Money

...The last thing I want to do after a long week of work/commuting is come home to endless projects at our house. But I continue to do so and it isn't enough. There is always something and it always feels monumental (maybe my personality makes it that way)... There was a time in my life when I felt...
by CurlyDave
Mon Aug 05, 2019 12:47 am
Forum: Personal Finance (Not Investing)
Topic: secured credit card
Replies: 13
Views: 779

Re: secured credit card

It really depends on the child. When my daughter went to college I had a joint bank account with her so that I could deposit money in a local branch and it would be instantly available to her in case of an emergency. Unfortunately it ultimately worked out that she knew I would cover any overdraft ju...
by CurlyDave
Sun Aug 04, 2019 11:45 pm
Forum: Investing - Theory, News & General
Topic: A most curious question ... [What is target % of net income needed for retirement?]
Replies: 27
Views: 2883

Re: A most curious question ...

...The reasoning is that's the way you keep the numbers the same. Just make sure all the numbers, including employer contributions , add up to (approximately) 33%. For "normal people" it might be something like 6% FICA + 6% employer FICA + 3% employer 401k match + 15% 401k = 30% If you're not in So...
by CurlyDave
Sat Aug 03, 2019 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Home Characteristics for Homeowners Insurance
Replies: 4
Views: 430

Re: Home Characteristics for Homeowners Insurance

What do you count as a "custom" kitchen? For instance, you can have an upgraded range or cooktop without it being a "custom" model, which is near commercial grade and might cost $5k. Same with refrigerators. A custom reefer can be commercial quality as opposed to just a nicer home appliance. I have ...
by CurlyDave
Wed Jul 31, 2019 11:48 am
Forum: Investing - Theory, News & General
Topic: Why Mr. Bogle prefers U.S stocks
Replies: 241
Views: 16009

Re: Why Mr. Bogle prefers U.S stocks

...Hard to be a successful investor if you can't deal with uncertainty. All kinds of things out there that are not known by the individual investor and perhaps can't be known. Many things, however can be known. Maybe take some time to gain understanding of the broader world? Just seems a cop-out to...
by CurlyDave
Wed Jul 31, 2019 11:32 am
Forum: Investing - Theory, News & General
Topic: Why Mr. Bogle prefers U.S stocks
Replies: 241
Views: 16009

Re: Why Mr. Bogle prefers U.S stocks

Yes, Taylor. The British Pound is the world's reserve currency, Britannia rules the waves, and the sun never sets on the British Empire. Why invest anywhere outside of the U.K.? You know how terribly unruly those colonists across the pond are. Keep calm and carry on, God Save the King, Sail on Brit...
by CurlyDave
Wed Jul 31, 2019 1:26 am
Forum: Personal Consumer Issues
Topic: Which car to buy?
Replies: 42
Views: 3641

Re: Which car to buy?

...If you need AWD, then Subaru Forrester or Crosstrek are your best options. They have the best AWD systems of the ones listed and offer them standard across the board... Throw the Outback into that mix also. When I looked a couple of years ago, the Forrester had lots of busy little up & down moti...
by CurlyDave
Wed Jul 31, 2019 12:24 am
Forum: Investing - Theory, News & General
Topic: Why Mr. Bogle prefers U.S stocks
Replies: 241
Views: 16009

Re: Why Mr. Bogle prefers U.S stocks

Yes, Taylor. The British Pound is the world's reserve currency, Britannia rules the waves, and the sun never sets on the British Empire. Why invest anywhere outside of the U.K.? You know how terribly unruly those colonists across the pond are. Keep calm and carry on, God Save the King, Sail on Brit...
by CurlyDave
Tue Jul 30, 2019 11:45 pm
Forum: Personal Investments
Topic: Pay off Mortgage? Pay down Mortgage? Let it ride?
Replies: 15
Views: 2050

Re: Pay off Mortgage? Pay down Mortgage? Let it ride?

So the question is whether you want to be leveraged by $208k in your investments. Buying leverage at 3.75% only to lend it out again at 2.5%, for instance, probably doesn't make much sense unless you really needed the liquidity of the investment, but it sounds like you don't. Paying 3.75% to levera...
by CurlyDave
Sun Jul 28, 2019 9:22 am
Forum: Personal Investments
Topic: Real Estate Proceed Advice
Replies: 13
Views: 1034

Re: Real Estate Proceed Advice

... I am hesitant about putting too much money back into my mortgage because of the lack of liquidity and flexibility. Any thoughts on how best to handle this situation? I would invest the money in a taxable account to preserve liquidity. Since the mortgage is paid in future dollars, you only need ...
by CurlyDave
Sat Jul 27, 2019 12:01 am
Forum: Personal Finance (Not Investing)
Topic: How much to save?
Replies: 53
Views: 4671

Re: How much to save?

Retired now and fairly comfortable. While I was working I was contributing 13% to savings, plus a 5% company match, so 18%. I have a pension, but did not consider company contribution to that as savings. BUT, I also had taxable savings, and made real estate investments from take home. Saving instead...
by CurlyDave
Fri Jul 26, 2019 12:05 pm
Forum: Personal Investments
Topic: Should I pay off my mortgage?
Replies: 34
Views: 2354

Re: Should I pay off my mortgage?

I would refinance into a 30 year fixed, and put the difference between 30 year payments and 15 year payments into your taxable portfolio.
by CurlyDave
Thu Jul 25, 2019 11:27 pm
Forum: Investing - Theory, News & General
Topic: Is there a High Tech Bubble in S&P 500 & Total Market?
Replies: 152
Views: 9972

Re: Is there a High Tech Bubble in S&P 500 & Total Market?

...As a consumer, I love Amazon. As an investor, I'm still somewhat skeptical... The AMZN I bought a little over 2 years ago is up 241%. My skepticism has been dispelled. I know, I'm a weirdo, but it just feels like Bitcoin to me, a lot of promises for the future that haven't yet come to pass. A 5%...
by CurlyDave
Thu Jul 25, 2019 10:57 pm
Forum: Investing - Theory, News & General
Topic: Is there a High Tech Bubble in S&P 500 & Total Market?
Replies: 152
Views: 9972

Re: Is there a High Tech Bubble in S&P 500 & Total Market?

willthrill81 wrote:
Thu Jul 25, 2019 10:41 pm

...As a consumer, I love Amazon. As an investor, I'm still somewhat skeptical...
The AMZN I bought a little over 2 years ago is up 241%. My skepticism has been dispelled.
by CurlyDave
Thu Jul 25, 2019 10:34 pm
Forum: Investing - Theory, News & General
Topic: Is there a High Tech Bubble in S&P 500 & Total Market?
Replies: 152
Views: 9972

Re: Is there a High Tech Bubble in S&P 500 & Total Market?

...So earlier this year, another "eh, can't really complain but," experience. We flew to Tucson for a camping trip, and looking at shipping costs and other things, had the brainstorm of just buying cheap camping gear, ordering online for in-store pickup. First time we tried "order online and pickup...
by CurlyDave
Thu Jul 25, 2019 12:27 am
Forum: Personal Finance (Not Investing)
Topic: Update with Part 2: What would it take for you, the non-landlord, passive-investor, to become a landlord?
Replies: 57
Views: 4228

Re: What would it take for you, the non-landlord, passive-investor, to become a landlord?

A SFH of that value makes for a very poor rental unit. Better to sell. This apartment building is currently for sale in Santa Barbara. It is in a nice area. Good clientele. It is selling for "asking" $2,995,000 The per door price is a bit high but not sure of rent income as have not seen the financ...
by CurlyDave
Tue Jul 23, 2019 2:24 am
Forum: Personal Finance (Not Investing)
Topic: What two or three financial things to do to wind up wealthy regardless if you make numerous other financial mistakes?
Replies: 85
Views: 9005

Re: What two or three financial things to do to wind up wealthy regardless if you make numerous other financial mistakes

I have a different take on things than many on this board. 1. Debt: never have too much or too little debt. This is just like risk in your portfolio. When used wisely, leverage is a wonderful thing, but it can give you grief in a downturn. So have some but not too much. As your portfolio grows the s...
by CurlyDave
Sun Jul 21, 2019 2:04 am
Forum: Personal Finance (Not Investing)
Topic: Buy a new car now or wait: what's the math say?
Replies: 57
Views: 5058

Re: Buy a new car now or wait: what's the math say?

Flyer24 wrote:
Mon Jul 08, 2019 10:42 pm
I vote for time to make the purchase. My wife will not drive one over 100K miles.
I don't want my wife to drive one over 100k miles. Although we have been pushing Toyotas to maybe 120k miles.

The chances of trouble just keep increasing after that, and we can afford it.
by CurlyDave
Sat Jul 20, 2019 3:17 pm
Forum: Personal Consumer Issues
Topic: Recycling Different Plastics
Replies: 76
Views: 4636

Re: Recycling Different Plastics

2. The proper way to dispose of plastic waste is in a landfill. That is a much more cost-effective way to accomplish the goal you desire. "Proper" :?: Recycled plastic is just a commodity. Prices fluctuate. Landfilling is a service, price depends on location and varies by a factor of 10. The profit...
by CurlyDave
Sat Jul 20, 2019 11:17 am
Forum: Personal Consumer Issues
Topic: Recycling Different Plastics
Replies: 76
Views: 4636

Re: Recycling Different Plastics

The amount of resources necessary to make something is the primary component of its price. If something is worth recycling, people do it without any government incentive. No incentives are required to recycle gold, silver, copper, or even scrap iron. Even lead is willingly recycled. But, many plast...
by CurlyDave
Sat Jul 20, 2019 12:39 am
Forum: Personal Consumer Issues
Topic: Recycling Different Plastics
Replies: 76
Views: 4636

Re: Recycling Different Plastics

I keep things simple. Everything goes in the trash, including the recycle bins. Done. +1 I graduated from engineering school in 1967, and got a Ph.D. in 1972 -- the time when recycling was just starting to become popular. My opinion was, and still is, that recycling is just a plot to get me to stoc...
by CurlyDave
Wed Jul 17, 2019 12:11 am
Forum: Personal Finance (Not Investing)
Topic: Do you care about your home appreciating?
Replies: 91
Views: 5137

Re: Do you care about your home appreciating?

Unless you are sure it is your forever home, then yes. Sure, your next home will also be more expensive but your equity will increase many times faster due to leverage, so you still come out well ahead. but will it? lets say I purchase a home for 200k now., I put down 20% (40k). Home goes up in val...