Search found 677 matches

by CurlyDave
Sun Sep 16, 2018 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Finding an investment for soon-to-be-received large sum
Replies: 10
Views: 1077

Re: Finding an investment for soon-to-be-received large sum

Venture capital is certainly a possibility. Maybe as part of a small consortium. Personally, I would stick with Real Estate, although the completely passive requirement means it might be more like a REIT than as directly held real estate. IMHO one of the things that makes RE a good investment is the...
by CurlyDave
Sun Sep 16, 2018 10:17 pm
Forum: Personal Consumer Issues
Topic: Rain Jacket recommendations and care
Replies: 32
Views: 2316

Re: Rain Jacket recommendations and care

Liam Friend wrote:
Sat Sep 15, 2018 5:03 pm
I really like my Cabela's Gore-Tex jacket. Water repellent, breathable, and I think still lifetime has a lifetime warranty. $129 but rarely if ever on sale.
+1 on Cabela's.
by CurlyDave
Sun Sep 16, 2018 10:11 pm
Forum: Investing - Theory, News & General
Topic: Why do we expect TSM to keep growing?
Replies: 62
Views: 6208

Re: Why do we expect TSM to keep growing?

...Those with grave doubts about the long-term viability of capitalism don't have many options left, maybe direct real estate and precious metals I suppose. Direct real estate owners are capitalists just like stock owners. IDK about precious metals owners. I suspect they also count as capitalists. ...
by CurlyDave
Wed Sep 12, 2018 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 and mortgage qualification
Replies: 15
Views: 788

Re: 1099 and mortgage qualification

Chase, Wells Fargo, Bank of America all said they wanted 2 years of tax returns before they would review my application. Working with a mortgage broker, I was able to find other offers, but they were for loans like 5 year ARM. Nothing currently in the 15, 30 year fixed rate world. If the choice cam...
by CurlyDave
Wed Sep 12, 2018 2:34 am
Forum: Investing - Help with Personal Investments
Topic: Hypothetical Question - Market Timing
Replies: 43
Views: 2355

Re: Hypothetical Question - Market Timing

There are always people who will tell you that a correction is "just around the corner". But, they have been saying this for years. In 2016 a correction was inevitable -- result S&P up 12%. 2017 predictions are the same, result +21.7%, 2018, to date + 9.7%--I think we will make +10% or maybe a lot m...
by CurlyDave
Wed Sep 12, 2018 2:12 am
Forum: Personal Consumer Issues
Topic: Botched countertop installation - leave it as-is or risk the repair?
Replies: 78
Views: 8222

Re: Botched countertop installation - leave it as-is or risk the repair?

...The install was not done correctly for sure, but I doubt you will have any luck getting them to do a full re-do. I'm betting the most you get out of them is a re-caulk/silicon job. Too much risk to rip it all out to try and get the remaining 10% out of you. Especially because this is a bit of an...
by CurlyDave
Wed Sep 12, 2018 2:05 am
Forum: Personal Consumer Issues
Topic: Botched countertop installation - leave it as-is or risk the repair?
Replies: 78
Views: 8222

Re: Botched countertop installation - leave it as-is or risk the repair?

You've just proved my point and completely contradicted yourself. As you acknowledge, the backsplash removal is likely to damage stuff (the wall, backsplash, ect). - The counter material is on a TWO MONTH BACKORDER! So your kitchen will be in disarray for 3+ months before a new backsplash is instal...
by CurlyDave
Tue Sep 11, 2018 2:08 am
Forum: Personal Consumer Issues
Topic: Botched countertop installation - leave it as-is or risk the repair?
Replies: 78
Views: 8222

Re: Botched countertop installation - leave it as-is or risk the repair?

We tallied it up and the majority is in favor of a Lift & Redo. I'm struggling to understand how so many people could possibly recommend the 'Lift & Redo" option. How can you possibly justify all of the work/mess/problems just to fix one missing inner bead of caulk, when there will already be a pro...
by CurlyDave
Mon Sep 10, 2018 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: Analysis Paralysis - Mortgage, Emergency Fund, etc.
Replies: 51
Views: 4228

Re: Analysis Paralysis - Mortgage, Emergency Fund, etc.

Are we crazy that within a week we went from ready to do a $200k recast to ready to put $200k in the market? I think it is a great idea. And there is a very good reason I have not seen expressed yet. Your mortgage is expressed and paid in nominal dollars. Even the most pessimistic estimates of real...
by CurlyDave
Thu Sep 06, 2018 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Rent Increase or Not?
Replies: 25
Views: 2530

Re: Rent Increase or Not?

Landlord here. When I have a vacancy I try to re-rent at full market rate. After that I try to let the rent lag the market by about 1/12 of one month's rent. The reasoning is that I will have a one month vacancy if a tenant moves out, so I am willing to accept slightly under market rates in order to...
by CurlyDave
Thu Sep 06, 2018 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Time to look at SS [When should I take Social Security?]
Replies: 55
Views: 4899

Re: Time to look at SS [When should I take Social Security?]

2. The inflation correction for SS benefits is the Chained CPI, not the same CPI-W usually used to correct nominal for real dollars. It is smaller than the CPI-W. Social Security COLAs are based on CPI-W, not chained CPI. https://www.ssa.gov/OP_Home/cfr20/404/404-0272.htm https://www.ssa.gov/oact/S...
by CurlyDave
Thu Sep 06, 2018 12:46 am
Forum: Personal Finance (Not Investing)
Topic: Time to look at SS [When should I take Social Security?]
Replies: 55
Views: 4899

Re: Time to look at SS [When should I take Social Security?]

...I agree that with an 8% real growth rate one will be better off claiming early regardless of longevity. But it's less clear, CurlyDave, that one is also better off even with 5%. For example, with 5% real growth someone with a Normal Retirement Age (NRA) of 66 needs to collect only past age 86.0 ...
by CurlyDave
Wed Sep 05, 2018 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Time to look at SS [When should I take Social Security?]
Replies: 55
Views: 4899

Re: Time to look at SS

I am now 73. I took SS at 62 and have never regretted it for a second. For 11 years I have spent Uncle's money while my own portfolio has grown at a lot more than 8%. Either use a calculator that takes time value of money into account, or build your own Excel spreadsheet that does it. It takes a few...
by CurlyDave
Wed Sep 05, 2018 1:20 am
Forum: Personal Consumer Issues
Topic: Nest vs Arlo (or other) security camera & system
Replies: 16
Views: 1087

Re: Nest vs Arlo (or other) security camera & system

Go hardwired for security cameras.

I can guarantee that the exact time you want to look at the video from the camera will be when someone has neglected to recharge the battery.
by CurlyDave
Mon Sep 03, 2018 1:21 am
Forum: Personal Finance (Not Investing)
Topic: Rental properties - Sell at a loss or hold on?
Replies: 14
Views: 1508

Re: Rental properties - Sell at a loss or hold on?

Sandtrap is right. The real problem here is the management company. If you can not/will not/don't want to manage it yourself, a small-scale rental business is a miserable thing to own. DW and I own 12 rental units and have managed them ourselves from the very first one. It has been a fantastic side ...
by CurlyDave
Sun Sep 02, 2018 11:03 pm
Forum: Personal Consumer Issues
Topic: bench vise recommendation
Replies: 20
Views: 1280

Re: bench vise recommendation

I have used a Harbor Freight vise for the past 30 years. Built two houses with my own two hands, a lot of woodwork and some metal work. Get a cheap vise and see how much you use it. If you want an expensive one after that, go ahead, you won't be out a lot of money. I bet you will decide that the vis...
by CurlyDave
Sat Sep 01, 2018 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Contemplating trading in a 2-year old car with <25k miles...
Replies: 23
Views: 1709

Re: Contemplating trading in a 2-year old car with <25k miles...

I have a 2017 Outback. I compared it to the Forrester before I bought, and agree about the seat. Also the Outbacks are much nicer riding than the Forresters. The 3.6 does not have enormous acceleration, but is definitely better than the 2.0 engine. It is a very nice car -- be sure to get the Eyesigh...
by CurlyDave
Fri Aug 31, 2018 10:27 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 247
Views: 22875

Re: U.S. stocks continue to soar!

Well, the last day of August was another good day. Up 0.58% for the day.
by CurlyDave
Thu Aug 30, 2018 10:29 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 247
Views: 22875

Re: U.S. stocks continue to soar!

Well, our portfolio soared 1.57% today. What do you own that went up that much today? Individual stock holdings? We hold both index funds and individual stocks. I am a strong believer that investors need to have some "fun money" which can be used for whatever they want. Maybe I have been very lucky...
by CurlyDave
Wed Aug 29, 2018 11:51 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 247
Views: 22875

Re: U.S. stocks continue to soar!

...Is the GDP number real or nominal? If real, that’s good news. Otherwise it might indicate inflation is finally starting to accelerate... I don't think it makes any difference whether GDP increase is stated in real or nominal terms. The 4.2% number we see today is year over year, so the most real...
by CurlyDave
Wed Aug 29, 2018 5:14 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 247
Views: 22875

Re: U.S. stocks continue to soar!

inbox788 wrote:
Wed Aug 29, 2018 2:49 pm

...Alternatively, if it stayed level (on average) after "soaring" 0.09% today and everyday for 200 trading days, it would mean 18% gain over the year...
Actually, the year-long growth would be found from the formula 1+G = (1.0009)^200 = 1.197 or 19.7% growth.
by CurlyDave
Wed Aug 29, 2018 4:58 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 247
Views: 22875

Re: U.S. stocks continue to soar!

Well, our portfolio soared 1.57% today.
by CurlyDave
Mon Aug 27, 2018 1:22 am
Forum: Investing - Theory, News & General
Topic: 2000-2018 retirement - sequence of returns
Replies: 153
Views: 13264

Re: 2000-2018 retirement - sequence of returns

Luckygirl wrote:
Sat Aug 25, 2018 1:31 pm
Would these results be similar if you were taking RMD’s starting in 2000? Every year the amount you have to take goes up.
There is no law that you must spend the RMD. You can withdraw and then re-invest after paying taxes on the withdrawal.
by CurlyDave
Mon Aug 27, 2018 12:22 am
Forum: Investing - Theory, News & General
Topic: The first million is the hardest?
Replies: 46
Views: 9014

Re: The first million is the hardest?

Lost of good comments on the first part being the hardest. Now let me tell you what made it easier for me. When I worked at megacorp and was starting in investing I was part of an informal investing club. Two other like-minded people and myself would sit together in the cafeteria and discuss investi...
by CurlyDave
Sun Aug 26, 2018 11:57 pm
Forum: Investing - Theory, News & General
Topic: Placing an ETF trade on the weekend
Replies: 17
Views: 1460

Re: Placing an ETF trade on the weekend

FireProof wrote:
Sun Aug 26, 2018 2:06 pm
Simple answer: don't do it
+1

Get out of bed Monday morning and know for sure what will happen.
by CurlyDave
Sun Aug 26, 2018 11:53 pm
Forum: Investing - Help with Personal Investments
Topic: Does it make sense to move from VOO to a bucket of stocka
Replies: 13
Views: 1158

Re: Does it make sense to move from VOO to a bucket of stocka

Would it make sense to move some of my portfolio from VOO to a bucket of stocks that have same dividend as VOO but greater growth (this bucket of stocks are a pick from S&P holdings). Thanks in advance for your input. Even if you decided that moving from VOO to a bucket of stocks would be a good id...
by CurlyDave
Sun Aug 26, 2018 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Payoff?
Replies: 27
Views: 2592

Re: Mortgage Payoff?

Investing and earning a higher return is harder than it sounds because you have a sequence of returns risk. Here is a simplistic example of this that I have posted before. Actually, in this instance there is no sequence of returns risk. This is a consequence of the fact that the OP is talking about...
by CurlyDave
Sun Aug 26, 2018 9:36 am
Forum: Investing - Help with Personal Investments
Topic: Take pension immediately upon retirement, or use 457 funds?
Replies: 36
Views: 1616

Re: Take pension immediately upon retirement, or use 457 funds?

I will start by saying that I am a crusty old geezer who believes in self-sufficiency. The money in the 457 is yours . If you spend your money until it is gone and then rely on the not-so-tender mercies of someone else, who does not have your best interest at heart, you may find out that some sharp ...
by CurlyDave
Sun Aug 26, 2018 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Payoff?
Replies: 27
Views: 2592

Re: Mortgage Payoff?

I would keep the mortgage and keep the money invested. You already have $40k that you didn't have last year. Why stop now? If there is a downturn there is no need to pay off the mortgage immediately -- just keep making payments on it until the market recovers. Essentially you are making money by arb...
by CurlyDave
Sat Aug 25, 2018 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: How do you calculate net worth with pensions?
Replies: 105
Views: 6562

Re: How do you calculate net worth with pensions?

I definitely count the value of my pension and SS when determining an appropriate AA. I think the idea that a pension is not an asset is simply nonsense. Now, it is certainly an asset that can not be passed on to my heirs, and counting it toward my AA means that any inheritance will be unbalanced th...
by CurlyDave
Wed Aug 22, 2018 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance—Advice Requested
Replies: 63
Views: 6848

Re: Inheritance—Advice Requested

... my tentative plan is to invest half the money now and dollar cost average the rest starting six months from now, divided into six equal portions. IMHO you need to look at this a little differently. The inheritance is already 100% invested, with a very conservative Asset Allocation. The second y...
by CurlyDave
Wed Aug 22, 2018 1:46 am
Forum: Investing - Theory, News & General
Topic: Oversimplifying expected return on rental properties
Replies: 12
Views: 1112

Re: Oversimplifying expected return on rental properties

You guys keep right on thinking this way -- more properties for us to choose from.

Our rentals have done better than our stocks over our lifetime.

The oversimplification is ignoring the effects of inflation on rents and the tax advantages of rental properties.
by CurlyDave
Mon Aug 20, 2018 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Is a million really the benchmark for retirement
Replies: 109
Views: 11887

Re: Is a million really the benchmark for retirement

What matters is your expenses in retirement... ...The vast majority of people retire with far less than $1 million. One of the things that constantly amazes me is that for my entire working career, I fit my expenses into my income. Now that I am retired, the standard advice is to turn this upside-d...
by CurlyDave
Mon Aug 20, 2018 1:43 am
Forum: Personal Finance (Not Investing)
Topic: How do you pay for purchase of a vehicle in retirement?
Replies: 38
Views: 3956

Re: How do you pay for purchase of a vehicle in retirement?

When i needed a new car a year ago, I decided on the brand and model. Negotiated the price and then took the factory-incentive 0% interest rate financing. Before anyone tells me I am rallying paying for that rate, I negotiated hard for the best price. Several dealers. Essentially at 0%, any positive...
by CurlyDave
Sun Aug 19, 2018 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: PCP Wants Full Charge Up Front [Primary Care Physician]
Replies: 108
Views: 6555

Re: PCP Wants Full Charge Up Front [Primary Care Physician]

To me, one of the big issues here that has not yet been addressed is what happens when the Dr. office gets the insurance code wrong, or some similar thing, which causes the insurance company to delay or deny the payment. If only the copay has been collected up front, the Dr. office has a strong ince...
by CurlyDave
Sat Aug 18, 2018 9:00 am
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 158
Views: 13651

Re: Remind me (again) how real estate isn't a GREAT investment?

... Here’s the caveat: This is NOT a passive investment. This is a business, or a second job, if you will. I have to be handyman, mortgage expert, property manager until I leave the area, etc. I’m studying for my real estate license, to help save on future costs. By profession, I’m a tax consultant...
by CurlyDave
Sat Aug 18, 2018 1:57 am
Forum: Investing - Theory, News & General
Topic: Bullish/bearish on GE? Make your case here - new lows today
Replies: 60
Views: 5062

Re: Bullish/bearish on GE? Make your case here - new lows today

GE is a company with a lot of legacy baggage.

Personally, I would take my fun money and put it equally into 10 very small, very young companies with great stories.

A lot more fun to watch, no pension problems, and one of them just might be a hit.
by CurlyDave
Sat Aug 18, 2018 1:10 am
Forum: Investing - Theory, News & General
Topic: How to Underperform the Market
Replies: 48
Views: 4927

Re: How to Underperform the Market

There are many ways to underperform the market. I have a neighbor, a good guy, solid great friend. But, he thought that the way to invest in stocks was through "tips" he got from people. He has lost money on every investment he has ever made, and now believes that "no one can make money in stocks". ...
by CurlyDave
Fri Aug 17, 2018 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Helping mother-in-law after her husbands passing
Replies: 20
Views: 1420

Re: Helping mother-in-law after her husbands passing

...Please don’t take this as a criticism of your in-laws, but it seems odd that a couple with an income north of $100,000 in their 50’s would have a net worth of only about $160,000 [401(k) plus home equity]. I say that mostly because there might be other savings, IRAs, or annuities that you (or ev...
by CurlyDave
Fri Aug 17, 2018 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Helping mother-in-law after her husbands passing
Replies: 20
Views: 1420

Re: Helping mother-in-law after her husbands passing

...Okay, I will make sure to have her ask about a group life insurance benefit. One issue is the detective on scene ruled his death as a suicide. His character as well as details we have found about his last day do not indicate a suicide and he was found next to his gun cleaning kit. So, it will be...
by CurlyDave
Fri Aug 17, 2018 2:06 am
Forum: Personal Consumer Issues
Topic: Master bathroom addition question
Replies: 10
Views: 732

Re: Master bathroom addition question

...Pondering a master bathroom addition in 2-3 years. Does a master bathroom addition need to be next to/near existing bathroom for use of plumbing... IMHO, what matters the most is the drain lines. If it is easy to hook these up you are good. If the bathroom is being added on an existing concrete ...
by CurlyDave
Fri Aug 17, 2018 1:59 am
Forum: Personal Consumer Issues
Topic: Discarding dead cell phone without purging my data
Replies: 33
Views: 2938

Re: Discarding dead cell phone without purging my data

obgraham wrote:
Wed Aug 15, 2018 12:56 pm
Another vote for the hammer. Why complicate matters?
Big hammer. Followed by fire.
by CurlyDave
Fri Aug 17, 2018 1:05 am
Forum: Investing - Help with Personal Investments
Topic: Elderly Relative Short on Money
Replies: 98
Views: 8745

Re: Elderly Relative Short on Money

... This will certainly not be luxurious but should cover basic necessities. This level of spending involves withdrawing about $20k a year pre-tax, or roughly 6.8% of the total. Not ideal! I would go back to the 2011 Trinity Study update https://www.onefpa.org/journal/Pages/Portfolio%20Success%20Ra...
by CurlyDave
Thu Aug 16, 2018 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Seattle- mandatory affordable housing units affect single family home values?
Replies: 45
Views: 3042

Re: Seattle- mandatory affordable housing units affect single family home values?

...Assume the 7-story building is a known fact to all realtors in the area, so assume her potential buyers will know about it. Still, better to sell now than after construction begins or the building is up. It's one thing to know the building will come, it's another to actually see it, :shock: and ...
by CurlyDave
Thu Aug 16, 2018 10:13 am
Forum: Investing - Help with Personal Investments
Topic: Why the Yale Endowment Hate? [Request for portfolio help]
Replies: 111
Views: 8834

Re: Why the Yale Endowment Hate?

... I graduated from Harvard, so I am required to hate Yale. (But I have no dislike for their highly-successful endowment investment strategy.) Well, I graduated from MIT, so I can feel superior to both... I spent the accumulation phase of my investing career in US equities and brick and mortar rea...
by CurlyDave
Tue Aug 14, 2018 11:04 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1043
Views: 80037

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

...He should have invested 100% his equity portion in QQQ (Nasdaq 100). Then he would have been more than $2.5 million ahead. Well, I am a guy who did very close to that 5 years ago. There were only two problems: 1. I didn't have $2M to put in, and 2. I didn't do it sooner. ...This is a classic bul...
by CurlyDave
Tue Aug 14, 2018 2:38 am
Forum: Personal Finance (Not Investing)
Topic: Personal finance Advice for mid 30s couple
Replies: 8
Views: 1639

Re: Personal finance Advice for mid 30s couple

Thank you for your replies. I have $60k cash now and it bothers me to having it sit idle while I am paying interest on the homes. I completely understand the concept of the safety net but I know others use their HELOC as a safety instead. Dropping our rainy day fund to $20k would speed up the payin...
by CurlyDave
Sun Aug 12, 2018 1:38 am
Forum: Personal Finance (Not Investing)
Topic: Comfortably Retired and charity giving?
Replies: 25
Views: 2107

Re: Comfortably Retired and charity giving?

...When you make the more personal donations, do you do it anonymously? I also like the idea of more personal donations but haven't necessarily found the best approach for me. I find that giving targeted gifts anonymously can be challenging (takes more time, no recourse if there's an issue with acc...
by CurlyDave
Sat Aug 11, 2018 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Comfortably Retired and charity giving?
Replies: 25
Views: 2107

Re: Comfortably Retired and charity giving?

However, I plan on buying my way into the promise land on my last trick by donating 100% of my estate to charity. What do others do? I just checked with God. He told me it does not work that way... We spread our giving around, mostly to local organizations and people. Some of it we get charitable d...
by CurlyDave
Fri Aug 10, 2018 11:43 am
Forum: Investing - Theory, News & General
Topic: The stock market is shrinking.
Replies: 68
Views: 7518

Re: The stock market is shrinking.

...Which would have been true all the way to May of 2000. A lot of us are veterans of the 2000-03 bear market, personally affected by the losses. Thus, we treat with a certain scepticism a "tech conquers all" mindset. Our Cisco is your Apple. Our Dell & HP is your ?. Our Nortel is your ?. Our Amazo...