Search found 637 matches

by CurlyDave
Fri Aug 17, 2018 2:06 am
Forum: Personal Consumer Issues
Topic: Master bathroom addition question
Replies: 10
Views: 545

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: 30
Views: 2096

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: 27
Views: 1406

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: 44
Views: 2472

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?
Replies: 53
Views: 3467

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: 430
Views: 23687

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: 1549

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: 1948

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: 1948

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: 7223

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...
by CurlyDave
Fri Aug 10, 2018 1:38 am
Forum: Personal Finance (Not Investing)
Topic: Huge mortgage mistake
Replies: 58
Views: 8364

Re: Huge mortgage mistake

Quit worrying about $60/month ($720/year).

I have made mistakes that cost a lot more than $720 in just one week, and life went on.

We can not be perfect in all things. And, as many have pointed out, this may actually be a big plus.
by CurlyDave
Fri Aug 10, 2018 1:18 am
Forum: Personal Finance (Not Investing)
Topic: Landlord advice needed with section 8
Replies: 38
Views: 3543

Re: Landlord advice needed with section 8

If you have a great tenant, it can be worth it to overlook the lower rent. A tenant who does not pay market rent is not a "great tenant". At best they are a personable substandard tenant. Our experience has been that Section 8 tenants are a greater risk for bad behavior than tenants who can afford ...
by CurlyDave
Thu Aug 09, 2018 2:09 pm
Forum: Investing - Theory, News & General
Topic: Two voices in my head
Replies: 36
Views: 2758

Re: Two voices in my head

One way you can satisfy both voices in your head is to invest 90% of your assets the BH way and 10% in a “play” account. That way you can still get lucky without risking your whole retirement fund, This is close to what I did quite a while ago. Except I was 20% in the "fun money" account and 80% in...
by CurlyDave
Sun Aug 05, 2018 11:31 pm
Forum: Investing - Help with Personal Investments
Topic: From TD Ameritrade to ...
Replies: 19
Views: 1443

Re: From TD Ameritrade to ...

I have had 3 or 4 online brokerages over the years. I was at one that was acquired by TDA (Datek -- anyone remember them?) many years ago, and the customer service has kept me there. I might make 20 trades a year -- mostly IRA distributions, so a couple of bucks a trade is just not going to make me ...
by CurlyDave
Sun Aug 05, 2018 3:16 am
Forum: Investing - Theory, News & General
Topic: The stock market is shrinking.
Replies: 68
Views: 7223

Re: The stock market is shrinking.

1. Why is the number of publicly trade companies shrinking? 2. What can/should an investor do other than diversify as widely as possible? 1. While there are lots of theories, I don't think anyone really knows for sure, and it certainly doesn't seem to be hurting the economy. My personal favorite re...
by CurlyDave
Sun Aug 05, 2018 2:44 am
Forum: Investing - Theory, News & General
Topic: US and UK Deep History: Safe Withdrawal Rates
Replies: 38
Views: 3208

Re: US and UK Deep History: Safe Withdrawal Rates

What looks interesting to me is that there appears to be some periodicity in the SWRs. For US investors, the 70/30 portfolio peaks in 1921, 1949 and 1982 . Best of all there are "magic periods" 1918-1927, 1943-1954 (with the exception of 1946), and 1978-19??, where WRs of 7% would have been safe. An...
by CurlyDave
Sun Aug 05, 2018 1:48 am
Forum: Investing - Theory, News & General
Topic: How do you think about your mortgage in relation to your stock/bond portfolio?
Replies: 32
Views: 2421

Re: How do you think about your mortgage in relation to your stock/bond portfolio?

...Is this the equivalent of buying on margin? I don't think it is the equivalent. Some people may consider it similar, but it is not the same. I consider it more like a distant 4th cousin than even similar. If I buy on margin and my portfolio decreases due to a market downturn, I may get a margin ...
by CurlyDave
Wed Aug 01, 2018 1:02 am
Forum: Personal Finance (Not Investing)
Topic: what is the penalty for not paying quarterly tax?
Replies: 7
Views: 1201

Re: what is the penalty for not paying quarterly tax?

If you pay by the due date for the return (April 15) the penalty is set quarterly and is the federal funds rate plus 3%. My portfolio returns are almost always higher than this, so I take the gamble and just don't send in any estimated taxes, but pay it all by April 15 of the year due. Most years I ...
by CurlyDave
Wed Aug 01, 2018 12:37 am
Forum: Personal Finance (Not Investing)
Topic: Question to retirees - money or work/life balance?
Replies: 46
Views: 5221

Re: Question to retirees - money or work/life balance?

I think you can have both a good work/life balance and $. I had a side gig which involved the whole family. One has to have the right temperament for the one I chose which was real estate, but if that is a fit for you it can be both a bonding experience for the family and financially rewarding. DW a...
by CurlyDave
Mon Jul 30, 2018 11:52 am
Forum: Personal Consumer Issues
Topic: need an outback, new, used or lease?
Replies: 29
Views: 2145

Re: need an outback, new, used or lease?

My dealer recommends oil changes at 3000 mile intervals, not the 6000 in the manual. Please don't get suckered into dealerships shortened maintenance intervals. Virtually all dealerships, regardless of make/model, suggest MORE maintenance than is recommended by the manufacturer. It is an easy way t...
by CurlyDave
Mon Jul 30, 2018 3:05 am
Forum: Personal Finance (Not Investing)
Topic: When mortgage rates are high, why invest in stock market?
Replies: 36
Views: 4287

Re: When mortgage rates are high, why invest in stock market?

U.S. stocks have indeed averaged 7% after inflation over the long-term, 10% before inflation. So if one was just relying on the historic numbers, a 7% mortgage interest rate would be lower than the stock market's 10%. However, as history as shown us, your mileage may vary. Since 2000, U.S. stocks h...
by CurlyDave
Mon Jul 30, 2018 3:01 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Pay Off...best method?
Replies: 23
Views: 2862

Re: Mortgage Pay Off...best method?

Any reasoning as to why not pay it off? I got the loan in 2011 @ 4.5% 30 yr conventional, but never refinanced since then. I don't have any debt besides the mortgage. I am self employed, so I only have a Roth IRA which I started this year (pretty late, I know) and maxed the contributions. I'll also...
by CurlyDave
Mon Jul 30, 2018 2:48 am
Forum: Personal Finance (Not Investing)
Topic: An argument against self-insuring for long-term care
Replies: 214
Views: 10383

Re: An argument against self-insuring for long-term care

...$160K in retirement incomes assumes a portfolio of about $4 million using the 4% rule. The number of people who retire with a $4 million dollar portfolios is very, very, very small. I agree that they can self-fund and this discussion is a moot point... I don't think it requires anywhere near tha...
by CurlyDave
Mon Jul 30, 2018 12:01 am
Forum: Personal Consumer Issues
Topic: need an outback, new, used or lease?
Replies: 29
Views: 2145

Re: need an outback, new, used or lease?

I love my 2017 outback. Especially the eyesight and safety features. And, the backup camera is very useful. One of the best cars I have ever had. I must be really a contrarian. I agree with the idea of buying new and keeping it until it gets old and expensive to keep running. I have the 3.6R and rea...
by CurlyDave
Thu Jul 26, 2018 12:40 am
Forum: Personal Consumer Issues
Topic: Pet burial
Replies: 26
Views: 2229

Re: Pet burial

All of our dogs have been cremated and we have the ashes in small, nicely finished wooden boxes. Styles have changed over the years, but they are all on the same shelf in our house and the oldest has been with us through three moves. There is an engraved metal tag on the box with the pet's name.
by CurlyDave
Wed Jul 25, 2018 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Would You Buy This Condo or Continue To Rent ?
Replies: 33
Views: 1804

Re: Would You Buy This Condo or Continue To Rent ?

Can you buy a similar unit on a lower floor?

If there are more units and only one sold so far, a second floor unit might be ideal. High enough to discourage burglars coming in the window, but low enough that no elevator is not an issue.
by CurlyDave
Tue Jul 24, 2018 10:26 am
Forum: Personal Consumer Issues
Topic: I want to sell my home, but I don't want to fix it up
Replies: 65
Views: 6223

Re: I want to sell my home, but I don't want to fix it up

These "captive" contractors still require close monitoring. We had a house to sell which needed multiple small to mid-size repairs and overall "sprucing up". Our agent recommended one of his favorite contractors and we agreed to a list of repairs and a cost for each. He used some of the lowest qual...
by CurlyDave
Tue Jul 24, 2018 1:38 am
Forum: Personal Consumer Issues
Topic: I want to sell my home, but I don't want to fix it up
Replies: 65
Views: 6223

Re: I want to sell my home, but I don't want to fix it up

See if you can find a real estate agent / company that uses a contractor to repair rental property and / or do fix up for homes needing to be sold. DW found a contractor that way through a friend that provided a lead. In our case, he worked fast, did good work, and was reasonably priced. +1 I have ...
by CurlyDave
Mon Jul 23, 2018 12:53 am
Forum: Personal Finance (Not Investing)
Topic: Buy house for retired mother?
Replies: 72
Views: 4967

Re: Buy house for retired mother?

With your income and assets, the easiest way to do this is to simply give her the down payment as a gift.

Oh, and say: "Thank you for giving me such a wonderful start in life."
by CurlyDave
Mon Jul 23, 2018 12:41 am
Forum: Personal Consumer Issues
Topic: Cell phone tip: block callers
Replies: 35
Views: 4198

Re: Cell phone tip: block callers

DW never answers calls not in her phonebook. Maybe I am less easily annoyed, or get more important calls from unknown numbers, but I have to answer. If I firmly say "no thank you" and then hang up the annoyance has taken less than a minute from my day. If they are truly persistent and call back afte...
by CurlyDave
Mon Jul 23, 2018 12:31 am
Forum: Personal Finance (Not Investing)
Topic: Pay for college with cash flow
Replies: 78
Views: 5011

Re: Pay for college with cash flow

A substantial amount of tax free growth can be accomplished in a taxable account by gifting appreciated stock to your student's brokerage account where she sells it in order to pay college expenses. If her income is high enough that her long term capital gains rate is higher than zero, she doesn't n...
by CurlyDave
Mon Jul 23, 2018 12:22 am
Forum: Investing - Theory, News & General
Topic: Inflation — Perspectives from Two Centuries, 1800-2016
Replies: 33
Views: 3134

Re: Inflation — Perspectives from Two Centuries, 1800-2016

... For the 1914-2013 post-Fed period, inflation has averaged 3.3% per year, but its uncertainty has been reduced to a relatively low level today... Perhaps inflation risk today isn't quite what it used to be? Your thoughts? I think "inflation risk" is the wrong way to describe it. I look at the da...
by CurlyDave
Sun Jul 22, 2018 1:51 am
Forum: Investing - Help with Personal Investments
Topic: Pension Lump Sum: Short-term bonds?
Replies: 37
Views: 2038

Re: Pension Lump Sum: Short-term bonds?

Contrary to popular opinion I think the bulls have a much stronger case than the bears. The primary reasoning is based on a forbidden subject, but the secondary reasoning is that very few are predicting a crash -- only underperformance. And the underperformance has been predicted for the past few ye...
by CurlyDave
Sat Jul 21, 2018 4:11 pm
Forum: Personal Consumer Issues
Topic: House foundation repair with Helical Piers - urgent request
Replies: 22
Views: 1542

Re: House foundation repair with Helical Piers - urgent request

What kind of helical piers were installed? The company website says there are plain steel and galvanized ones. The galvanized will be more expensive but last longer. Get an engineer to evaluate longevity of the piers and if the galvanized would be better in this installation. I suspect they used the...
by CurlyDave
Thu Jul 19, 2018 9:44 am
Forum: Investing - Help with Personal Investments
Topic: How do you handle the urge to DO something?
Replies: 102
Views: 7104

Re: How do you handle the urge to DO something?

Yes, I have an itch, too. It remains difficult, even after retiring ten years ago, to not want to focus on accumulation rather than preservation. This means there is the urge to be more aggressive with investments than required. A relatively small amount of play money is my solution. It represents ...
by CurlyDave
Thu Jul 19, 2018 1:04 am
Forum: Personal Finance (Not Investing)
Topic: Selling mom's house
Replies: 50
Views: 4068

Re: Selling mom's house

This sounds like a lot of aggravation for $20-25K. Unless this represented a significant portion of my portfolio, I would just kiss it off and walk away. As has been suggested, a quit claim deed is the way to do this. You can buy the form in any good stationary store, and you can file it with the co...
by CurlyDave
Thu Jul 19, 2018 12:36 am
Forum: Personal Finance (Not Investing)
Topic: New book based on Millionaire Next Door
Replies: 120
Views: 15714

Re: New book based on Millionaire Next Door

...Some 46% of the educators attribute their wealth to inheritance... I find it difficult to believe that a greater percentage of educators would inherit significant resources than either doctors or lawyers. I could easily be convinced by the right data, but a priori there is no reason to assume th...
by CurlyDave
Wed Jul 18, 2018 7:49 pm
Forum: Investing - Theory, News & General
Topic: Acceptable uses...New Financial Chromebook
Replies: 35
Views: 4369

Re: Acceptable uses...New Financial Chromebook

Both my bank and brokerage houses will sometimes send me emails.
by CurlyDave
Wed Jul 18, 2018 3:10 am
Forum: Investing - Theory, News & General
Topic: Why is leveraging property good but leveraging stocks bad?
Replies: 206
Views: 15022

Re: Why is leveraging property good but leveraging stocks bad?

With a 1031 exchange, I think you will eventually need to pay capital gains tax including the depreciation recapture if the property is ever sold, right? Not if you hold the property until death. Your kids inherit it, and then get a step-up in tax basis, wiping out the capital gain. Plus they get t...
by CurlyDave
Mon Jul 16, 2018 10:17 am
Forum: Personal Consumer Issues
Topic: Bears!!!
Replies: 60
Views: 5221

Re: Bears!!!

Some bears will not attack a garbage can when there is a paper towel drenched in Ammonia in it, Google for it. Or spray the garbage with Ammonia. +1 on the ammonia. But use more of it. About 1 cup added to the can each time you open it will stop them in their tracks. The lid has to be tight-fitting...
by CurlyDave
Sun Jul 15, 2018 11:05 am
Forum: Investing - Theory, News & General
Topic: Why is leveraging property good but leveraging stocks bad?
Replies: 206
Views: 15022

Re: Why is leveraging property good but leveraging stocks bad?

You were wise to buy real estate and hold it. Real estate is a very forgiving investment. I've found that you could make a lot of mistakes, not run the numbers that well, but if you hold on - rent growth, principal paydown, and equity happens :) Well done! In my case, I just bought a few properties...
by CurlyDave
Sun Jul 15, 2018 1:18 am
Forum: Investing - Theory, News & General
Topic: Why is leveraging property good but leveraging stocks bad?
Replies: 206
Views: 15022

Re: Why is leveraging property good but leveraging stocks bad?

Leverage is not bad for stocks. I am unapologetically leveraged. I didn't chose a margin loan to do it, instead, I have four fixed rate loans with APRs of 0%, 0%, 1.89%, and 3.125%. I carry this debt for cheap leverage, tax deferral, and the three lowest rate loans are a profitable investment in th...
by CurlyDave
Sun Jul 15, 2018 12:41 am
Forum: Investing - Theory, News & General
Topic: The value of international stocks, in pictures
Replies: 62
Views: 7721

Re: The value of international stocks, in pictures

Don't you think that we can "exploit" these different 10-year working periods between US and World ex-US by allocating only US or only ex-US (based on 12 month momentum performance for example) ? I am honestly trying to judge: Is that meant to be satire? If it is a real question, I would suggest th...
by CurlyDave
Fri Jul 13, 2018 1:42 am
Forum: Personal Consumer Issues
Topic: My roof looks like a patchwork quilt/insurance companies (UPDATE!!!)
Replies: 14
Views: 1671

Re: My roof looks like a patchwork quilt/insurance companies

IMHO, it is far better to just let the adjustor make an offer without demanding anything. He may decide on this own that the roof should be replaced. If you anger him by demanding a replacement he may go out of his way to deny the replacement. If his offer is not enough, then is the time to escalate.
by CurlyDave
Wed Jul 11, 2018 11:34 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation for High Net Worth (>$3M) Individuals
Replies: 26
Views: 4736

Re: Asset Allocation for High Net Worth (>$3M) Individuals

Well, I read the article and it pegged my BS detector way over on the deep red "Man the Lifeboats" side of the scale. Not surprisingly, since it is put out by the Private Wealth Management arm of Bank of America, either they are ignoring real estate, or it is in that 4% "other" category. In my lifet...
by CurlyDave
Wed Jul 11, 2018 7:18 pm
Forum: Personal Consumer Issues
Topic: Trade War: time for Mac Upgrade?
Replies: 34
Views: 3088

Re: Trade War: time for Mac Upgrade?

...Why are you going to an iMac instead of just upgrading to another MacBook Pro?... I don't want to speak for the OP, but for this retired geezer my iMac is bigger, faster and more cost-effective. When I worked I preferred laptops because I could take it with me, but unless one lives in a very con...
by CurlyDave
Wed Jul 11, 2018 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Destination - are you happy with your choice?
Replies: 127
Views: 15698

Re: Retirement Destination - are you happy with your choice?

Don't the high state income taxes in Oregon give you some concern? I currently live here, and would love to stay, but the thought of paying a high state tax on future roth conversions makes me cringe. Unless I'm missing something about how this is taxed at the state level? Our children and grandchi...
by CurlyDave
Tue Jul 10, 2018 1:59 am
Forum: Personal Finance (Not Investing)
Topic: Rental Property - Continue to Rent or Sell
Replies: 20
Views: 1617

Re: Rental Property - Continue to Rent or Sell

I enjoy being a landlord, and it has certainly produced a better return that stocks for us. If I inherited a house like this I would be very tempted to sell thorough a 1031 exchange into a multi-family building. The OP does not give his age, but if young, this would be a great move. OTOH, if you hat...
by CurlyDave
Sun Jul 08, 2018 10:37 am
Forum: Personal Consumer Issues
Topic: How come voice command on Garmin GPS is so lousy compared to Google Maps?
Replies: 22
Views: 1669

Re: How come voice command on Garmin GPS is so lousy compared to Google Maps?

Unless security is crucial, proprietary GPS systems based on downloading and locally storing maps on a dedicated device are inferior to cloud-based systems that can be, at least theoretically, updated constantly. This is true right until you drive to the edge of cell phone coverage. Then you are co...
by CurlyDave
Sat Jul 07, 2018 12:10 pm
Forum: Personal Consumer Issues
Topic: Experience with Generac or Champion generators
Replies: 9
Views: 594

Re: Experience with Generac or Champion generators

I own a a few Generacs, but older ones. A number of the guys I hunt with have been bringing Champions up to deer and elk camp for the past few years and I am impressed with their performance. They start easily in cold weather, run well and no failures over the past 5 years or so. 200-300 hours use o...