Search found 488 matches

by CurlyDave
Sun May 20, 2018 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: Buying an etf (bid ask spread)
Replies: 5
Views: 326

Re: Buying an etf (bid ask spread)

This is common behavior for any stock or ETF. Only trade during hours when the market is open, and I usually try to avoid buying or selling in the first 30 minutes or so. It sometimes takes a while for prices to settle down and spreads to become "normal".
by CurlyDave
Sun May 20, 2018 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: $1,700,000 from family trust...
Replies: 34
Views: 2902

Re: $1,700,000 from family trust...

JoeRetire wrote:
Sun May 20, 2018 8:23 am
Gill wrote:
Sun May 20, 2018 8:02 am
why the comment by CurlyDave about 60 days to do something?
Because "I am to receive (in approx. 60 days) $1,700,000 from my parents trust."?
Exactly right. The 60 days before the money arrives is low stress time available to research what action to take.
by CurlyDave
Sun May 20, 2018 7:16 am
Forum: Investing - Help with Personal Investments
Topic: $1,700,000 from family trust...
Replies: 34
Views: 2902

Re: $1,700,000 from family trust...

You have 60 days now to decide what to do. Start doing your research and be ready to invest the money instead of just parking it somewhere on day 1. The stock market goes up about 2/3 of the time. So, the odds are with you if you have made your asset allocation decisions and can put the money to wor...
by CurlyDave
Fri May 18, 2018 2:40 am
Forum: Personal Consumer Issues
Topic: Renting storage unit
Replies: 24
Views: 1642

Re: Renting storage unit

Unless the stored "stuff" has great sentimental value, you are usually far ahead of the game to sell what you can, give away or throw away the rest and if you ever need something again get another one at a garage sale.
by CurlyDave
Fri May 18, 2018 2:36 am
Forum: Personal Finance (Not Investing)
Topic: Are there any experienced real-estate people here?
Replies: 25
Views: 1532

Re: Are there any experienced real-estate people here?

You do realize that you can get two bites of this apple? Start by cleaning it out completely and put it on the market as is. There is no law that you have to accept an offer below your expectations. If it sells for a reasonable amount, good. If not, start making improvements and try again in 6 months.
by CurlyDave
Fri May 18, 2018 2:18 am
Forum: Investing - Help with Personal Investments
Topic: Do I pay towards my mortgage or invest?
Replies: 29
Views: 2061

Re: Do I pay towards my mortgage or invest?

...This is reversing the question: if you had a $470K mortgage instead of $480K, would you borrow the additional $10K to increase your debt and do X? If not, the answer is easy. You pay down the mortgage. It is 100% irrational cognitive dissonance not to do so... Well, I am not the OP, and I have n...
by CurlyDave
Thu May 17, 2018 9:50 am
Forum: Personal Consumer Issues
Topic: Unique Phone Apps that you find yourself using most often?
Replies: 30
Views: 2902

Re: Unique Phone Apps that you find yourself using most often?

...I would never use mobile devices for financial sites. Partly because I don't trust the security of these devices and partly because I don't need to - now that I don't travel for work it would be unlikely that I am away from home for more than two weeks so there really isn't a reason not to wait ...
by CurlyDave
Thu May 17, 2018 12:52 am
Forum: Investing - Help with Personal Investments
Topic: Urgent: escrow situation in bay area
Replies: 50
Views: 2738

Re: Urgent: escrow situation in bay area

You are only 43. What are your projected raises over the next 10 years? I lived in the SF Bay area from 1978 through 2008. It has always been VVHCOL compared to most other places in the US. As your salary increases, your housing expenditures will come more in line with your income. You do not have t...
by CurlyDave
Thu May 17, 2018 12:40 am
Forum: Investing - Theory, News & General
Topic: Withdrawal strategies update (Zolt)
Replies: 2
Views: 673

Re: Withdrawal strategies update (Zolt)

antiqueman wrote:
Wed May 16, 2018 2:32 pm
Thanks Paul for the article. But, I didn't see where Zolt stated what percentage of equities and bonds should be held. I assume the percentages in the tables are based on a static AA.

Any thoughts?
Right near the end he says 50/50. He also gives a link to tables for other AA values.
by CurlyDave
Thu May 17, 2018 12:11 am
Forum: Investing - Theory, News & General
Topic: What's the ideal safe retirement net worth target?
Replies: 251
Views: 45105

Re: What's the ideal safe retirement net worth target?

I must have done this all wrong, but it worked out pretty well for me. I worked and accumulated up until I made the decision that I did not know how many days I had left, but I did know that I was selling them to the company for less than they were worth to me. Now I had read the Trinity Study, look...
by CurlyDave
Wed May 16, 2018 11:46 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Risks Of Short Selling
Replies: 8
Views: 1081

Re: Larry Swedroe: Risks Of Short Selling

So short sellers are necessary for efficient markets. I can understand that. But even back in the olden days, when I was trading individual stocks, I never had any desire to short anything. Sure, people make money doing it, but as one investor in a huge market I could always find plenty of opportuni...
by CurlyDave
Wed May 16, 2018 6:29 am
Forum: Personal Consumer Issues
Topic: Neighbor wants to use our land temporarily - let them or not?
Replies: 48
Views: 5890

Re: Neighbor wants to use our land temporarily - let them or not?

...I'm leaning to letting them use the land if they accept liability responsibility and, of course, restore the land to its original condition... Francis You have to understand the reality of this. Your neighbor is not the one using your land. The one using your land is a contractor your neighbor h...
by CurlyDave
Wed May 16, 2018 5:56 am
Forum: Investing - Help with Personal Investments
Topic: Friend says "Stock market will crash, invest in silver" - thoughts?
Replies: 127
Views: 7492

Re: Friend says "Stock market will crash, invest in silver" - thoughts?

...A highly respected friend of mine is an expert in macroeconomics, and warned me to stay away from stocks... Where does his expertise come from? What degrees does he have, from which universities? I have a friend who, based on his personal experience, strongly believes that it is impossible to ma...
by CurlyDave
Tue May 15, 2018 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Buying land in central FL
Replies: 55
Views: 5041

Re: Buying land in central FL

There are places in Florida where at certain times of year the weather consists of insects.
by CurlyDave
Tue May 15, 2018 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage question: 20% down or larger down payment?
Replies: 45
Views: 4191

Re: Mortgage question: 20% down or larger down payment?

KlangFool wrote:
Thu May 10, 2018 9:28 am
OP,

1) Is it a recourse loan or non-recourse loan?

In a recourse loan, the loaner can go after your asset beyond the house.

2) Do a 20% down payment and 30 years fixed interest mortgage.

Do not tie up too much of your money in the house basket. Think diversification.

KlangFool
+1
by CurlyDave
Tue May 15, 2018 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Do you know your marginal tax rate?
Replies: 27
Views: 2802

Re: Do you know your marginal tax rate?

...This is the effective tax rate, not the marginal tax rate. Or even a better description would be “average tax rate for the year”. Agree it’s not the marginal tax rate. The accounting world has specific meanings for certain terms. "Effective tax rate" is accountant speak for average tax rate for ...
by CurlyDave
Tue May 15, 2018 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Do you know your marginal tax rate?
Replies: 27
Views: 2802

Re: Do you know your marginal tax rate?

Quicken will give you that number. Or a simple calculation is taxes divided by total income (example $40K of taxes divided by $400K total income equals 10% which is the marginal rate for those numbers). So a single dollar is worth $.90 since 10% goes to taxes. A bit simplistic and changing variable...
by CurlyDave
Tue May 15, 2018 7:19 am
Forum: Personal Consumer Issues
Topic: Killing mold and mildew outdoors
Replies: 8
Views: 685

Re: Killing mold and mildew outdoors

I'd like to get rid of mold and mildew on outdoor bricks and concrete without using bleach or power washing. Any thoughts? https://www.amazon.com/Wet-Forget-800003-Mildew-Remover/dp/B001GTRBMO/ref=sr_1_3?ie=UTF8&qid=1526386672&sr=8-3&keywords=outdoor+mold+and+mildew+remover I have tried similar thi...
by CurlyDave
Tue May 15, 2018 1:54 am
Forum: Personal Consumer Issues
Topic: Water leaking from shared wall in condo - next steps?
Replies: 21
Views: 2292

Re: Water leaking from shared wall in condo - next steps?

Update: Wall was red herring. I was able to reproduce this by turning on washing machine at high water setting. It appears the drainage pipe either is pushing out water at too high pressure or it has a leak. As always, very thankful for the tips. I hope I don't ever get a leaky wall but if do, I wi...
by CurlyDave
Sat May 12, 2018 12:57 am
Forum: Personal Finance (Not Investing)
Topic: IRS tax form [Rejected as photocopy, signature must be in blue ink]
Replies: 41
Views: 3094

Re: IRS tax form [Rejected as photocopy, signature must be in blue ink]

I am totally surprised that no one has yet suggested signing in blood...
by CurlyDave
Fri May 11, 2018 7:44 am
Forum: Personal Consumer Issues
Topic: Water leaking from shared wall in condo - next steps?
Replies: 21
Views: 2292

Re: Water leaking from shared wall in condo - next steps?

If the leak is in a common wall it should be the responsibility of the HOA.

I would call them first.

If they are slow to respond, there are leak detection services who can probably find the source for about $250. They may have to access the neighboring unit to do this.
by CurlyDave
Fri May 11, 2018 2:09 am
Forum: Personal Consumer Issues
Topic: Home Fire/Burglar Safe
Replies: 21
Views: 1345

Re: Home Fire/Burglar Safe

Last year, a neighbor's luxury home burned to the ground from a lighting strike. He had 3 very large high-end (pricey) gun safes. 2 of the safes did not survive the intense and prolonged fire. 1 safe survived but not all of the contents. Prioritize one's concerns and odds of whether a fire or burgl...
by CurlyDave
Fri May 11, 2018 1:53 am
Forum: Personal Consumer Issues
Topic: How to remove garden hose nozzle that is stuck on a hose
Replies: 40
Views: 2850

Re: How to remove garden hose nozzle that is stuck on a hose

Tried and was hopeful about the boiling water method. But that didn't work. Does not budge. Hate to say it but I tossed the hose and will get a new one. Not worth my time to rebuild. +1 Ordinary hoses have a very limited life. The super high quality ones last better but certainly cost more to buy. ...
by CurlyDave
Fri May 11, 2018 1:39 am
Forum: Investing - Help with Personal Investments
Topic: Funding the gap between separation of service and retirement?
Replies: 9
Views: 1058

Re: Funding the gap between separation of service and retirement?

How long does the mortgage have to run? I would not even consider paying it off. Instead I would reduce my payments to the minimum $800. Paying it off now, or when you separate from service, is simply unnecessarily paying a large lump sum at exactly the moment you start needing to draw on your savin...
by CurlyDave
Thu May 10, 2018 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Estimated tax question
Replies: 21
Views: 1609

Re: Estimated tax question

...Yes, historical long term equity returns have been that high. Given that one has to settle up with the IRS every year, it's annual (at longest) returns that should be used for comparison... Not really -- I don't have to win every year to come out ahead with this strategy. I just have to win some...
by CurlyDave
Thu May 10, 2018 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Pay capital gains now, avoid ACA cliff later?
Replies: 22
Views: 2577

Re: Pay capital gains now, avoid ACA cliff later?

Another possibility is borrowing to meet your living expenses until medicare kicks in or ACA is otherwise over. There's at least one thread on asset-based lending. Except for Interactive Brokers, most of the discounters have very high margin rates. I have a margin loan I took out years ago, before ...
by CurlyDave
Thu May 10, 2018 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Estimated tax question
Replies: 21
Views: 1609

Re: Estimated tax question

...The 2.66% is the weighted average of charging 4%/yr across the four "quarters" of estimated tax due dates. If one really wants to pay the penalty instead of withholding or paying estimated tax, 4% after-tax would be the appropriate comparison for alternative investments. 10 year CAGR for SPY is ...
by CurlyDave
Thu May 10, 2018 1:28 am
Forum: Personal Finance (Not Investing)
Topic: Payoff mortgage early or save?
Replies: 27
Views: 2981

Re: Payoff mortgage early or save?

I've always felt that, unless and until you can make one lump sum payment to eliminate the mortgage, you should hold on to extra cash. The bank isn't interested in the fact that you're 12 months ahead of where you should be on your mortgage; your payment is due every month on the 1st. Lose your job...
by CurlyDave
Thu May 10, 2018 1:09 am
Forum: Personal Finance (Not Investing)
Topic: Estimated tax question
Replies: 21
Views: 1609

Re: Estimated tax question

First year in retirement making estimated taxes.I am assuming I can pay the full years estimated tax in my first payment that was due in April? To each his own. I have never paid any kind of estimated tax. The "penalty" is just a modest interest rate applied to the amount owed. For the past 10 year...
by CurlyDave
Thu May 10, 2018 12:41 am
Forum: Personal Consumer Issues
Topic: Lifting Heavy Objects onto a Vehicle Cargo Tray; Need Ideas!
Replies: 28
Views: 1896

Re: Lifting Heavy Objects onto a Vehicle Cargo Tray; Need Ideas!

There are two potential solutions I can add: 1. https://www.harborfreight.com/500-lb-capacity-hydraulic-table-cart-60730.html This is a little over your $100 price range, but is a fine tool for this type of lift. Essentially tilt the dolly to get the barrel onto the lift table in its lowered positio...
by CurlyDave
Wed May 09, 2018 12:42 am
Forum: Investing - Help with Personal Investments
Topic: 100% equity folks- holding any cash/bonds now?
Replies: 50
Views: 4820

Re: 100% equity folks- holding any cash/bonds now?

[quote=deltaneutral83 post_id=3672477 time=1513734054 user_id=118441 ...If you're 31 and you are hypothetically stating what you think you will do when the market corrects 20%, you might be surprised. You will see every media outlet talking about how armageddon is right around the corner when we hit...
by CurlyDave
Tue May 08, 2018 11:44 pm
Forum: Personal Consumer Issues
Topic: Most economical way to move vehicles State->State
Replies: 17
Views: 905

Re: Most economical way to move vehicles State->State

Consider renting a "car dolly" from U-haul. Use the truck to tow one car on the car dolly and drive the other two.

I have done this for thousands of miles. No big deal.

If the one way car dolly rental is too high, a used one can be had for under $1000, and then re-sold at the destination point.
by CurlyDave
Tue May 08, 2018 1:18 am
Forum: Investing - Help with Personal Investments
Topic: Factors Suggesting One Should Buy SPIA
Replies: 90
Views: 6420

Re: Factors Suggesting One Should Buy SPIA

IMHO one should step back and look at the annuity industry on a macro level first. ... In my situation, I have heirs that I would like to leave a legacy. So I have made the active choice that they are going to take their chances with me being able to manage my money in such a way that I can spend w...
by CurlyDave
Mon May 07, 2018 3:13 am
Forum: Personal Finance (Not Investing)
Topic: [Car accident claim exceeds coverage, send to collection agency?]
Replies: 67
Views: 4833

Re: [Car accident claim exceeds coverage, send to collection agency?]

Where's your insurance company in this? It's their job to defend you. I don't think it is their job -- they have already paid out the policy limit. I think the OP is going to have to get a job and make payments on the $2000. This is not exactly a staggering sum, and just last week national unemploy...
by CurlyDave
Sun May 06, 2018 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: Factors Suggesting One Should Buy SPIA
Replies: 90
Views: 6420

Re: Factors Suggesting One Should Buy SPIA

IMHO one should step back and look at the annuity industry on a macro level first. Annuities are sold by insurance companies, and they are always a profitable product. If they were not profitable, the insurance companies would not sell them. In addition to profits, annuities have costs to the compan...
by CurlyDave
Sun May 06, 2018 12:35 am
Forum: Personal Consumer Issues
Topic: Thinking of getting an Apple Watch
Replies: 82
Views: 8165

Re: Thinking of getting an Apple Watch

People who can afford the Apple watch find it fun and useful. People who can't find reasons why it is ridiculous. I like mine, 42 mm series 3. I got the cheap version -- this is not heirloom jewelry, the electronics inside will be obsolete in 2 years. I don't use GPS on the watch -- my phone does th...
by CurlyDave
Sun May 06, 2018 12:07 am
Forum: Personal Consumer Issues
Topic: Need advice on $5M property sale
Replies: 39
Views: 3945

Re: Need advice on $5M property sale

...I’m happy to pay LTCG taxes and walk away with cash to invest in my taxable account rather than buy another property. Just in round numbers LTCG rate is going to be 20% on most of that money, plus 3.8% surtax, plus 7.65% Wisconsin, plus 6% commission. Now I know you get to subtract the 6% from t...
by CurlyDave
Sat May 05, 2018 9:22 pm
Forum: Investing - Theory, News & General
Topic: Unprecedented Event
Replies: 67
Views: 8947

Re: Unprecedented Event

There is a not very distant historical event that we all seem to be forgetting. IMHO, 9/11 fell into the "war" category. A relatively minor event in the grand scheme of things (4000 deaths in one city, compared to ~11,000 deaths every day in the US). But it caused the stock market to close completel...
by CurlyDave
Sat May 05, 2018 7:09 pm
Forum: Investing - Theory, News & General
Topic: Paying down your mortgage as a way to balance your portfolio?
Replies: 72
Views: 3835

Re: Paying down your mortgage as a way to balance your portfolio?

...I agree it does not make any financial sense to pre-pay a 3% mortgage. But many have told us that paying off the mortgage made good emotional sense for the ones who did it. It may have made emotional sense at the time, but that is just like investing with a full-service brokerage. They give you ...
by CurlyDave
Sat May 05, 2018 6:59 pm
Forum: Investing - Theory, News & General
Topic: Paying down your mortgage as a way to balance your portfolio?
Replies: 72
Views: 3835

Re: Paying down your mortgage as a way to balance your portfolio?

IMHO paying down your mortgage unbalances your portfolio. It concentrates a larger percentage of your net worth in a single, illiquid real estate asset. If you buy bonds or equities with the money, your net worth when you make the investment is the same, but it is diversified into more assets, and a...
by CurlyDave
Mon Apr 30, 2018 11:38 am
Forum: Investing - Help with Personal Investments
Topic: Concerns with Index funds (VTSAX, VOO, QQQ, etc.)
Replies: 30
Views: 3187

Re: Concerns with Index funds (VTSAX, VOO, QQQ, etc.)

Not ideal, but good enough to make either your point or mine. But this is price-only, I think. From Wikipedia: https://en.wikipedia.org/wiki/NASDAQ-100 https://imgur.com/3BykQvM.png The picture in the Wikipedia article says that the data came from... well, it's a weird link, I'd better run it throu...
by CurlyDave
Mon Apr 30, 2018 11:20 am
Forum: Investing - Help with Personal Investments
Topic: Concerns with Index funds (VTSAX, VOO, QQQ, etc.)
Replies: 30
Views: 3187

Re: Concerns with Index funds (VTSAX, VOO, QQQ, etc.)

Exactly right (as to your first sentence). So why are you choosing QQQ based on "its performance over the past 15 years" when there are other ETFs with better performance over the last 15 years? Can you name a few of these ETFs, say 5? They also have to meet the transparency test. That is their com...
by CurlyDave
Mon Apr 30, 2018 10:48 am
Forum: Investing - Help with Personal Investments
Topic: Concerns with Index funds (VTSAX, VOO, QQQ, etc.)
Replies: 30
Views: 3187

Re: Concerns with Index funds (VTSAX, VOO, QQQ, etc.)

All investments look good if you throw out the times when they looked bad... I always like to look at real-world mutual funds instead of paper indexes. However, I assure you that in 1999, just about everybody who followed investments knew about and was watching the NASDAQ index. It was part of the ...
by CurlyDave
Mon Apr 30, 2018 9:14 am
Forum: Investing - Help with Personal Investments
Topic: Concerns with Index funds (VTSAX, VOO, QQQ, etc.)
Replies: 30
Views: 3187

Re: Concerns with Index funds (VTSAX, VOO, QQQ, etc.)

So, my number 1 reason for liking QQQ is its performance over the past 15 years. Every year the top performing ETF over the last 15 year changes. Why not switch to the top performing ETF every year? Because I can't know what the top performer will be ahead of time. OTOH that doesn't mean there isn'...
by CurlyDave
Sun Apr 29, 2018 11:04 pm
Forum: Investing - Help with Personal Investments
Topic: Concerns with Index funds (VTSAX, VOO, QQQ, etc.)
Replies: 30
Views: 3187

Re: Concerns with Index funds (VTSAX, VOO, QQQ, etc.)

Can you articulate a reason for holding QQQ other than recent past performance? Do you think the NASDAQ 100 stocks are just inherently better than the market as a whole? Do you like it specifically because it is tech-heavy (58%) and you believe tech will outperform the rest of the market... and if ...
by CurlyDave
Sat Apr 28, 2018 11:15 pm
Forum: Investing - Help with Personal Investments
Topic: Concerns with Index funds (VTSAX, VOO, QQQ, etc.)
Replies: 30
Views: 3187

Re: Concerns with Index funds (VTSAX, VOO, QQQ, etc.)

...Of course, I would be wealthier today than I am now if I had put all my stock money into QQQ in September, 2002, instead of keeping it in VTSMX. In fact, I would have done better in QQQ if I'd invested in almost any date after 2002. But the actual fact, recorded in my investment diary, is that I...
by CurlyDave
Sat Apr 28, 2018 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: More aggressive portfolio with a pension?
Replies: 42
Views: 3637

Re: More aggressive portfolio with a pension?

Since most of us have a pension or SS or both, this applies to most people. It applies to nearly all Americans. A FERS retiree with $2500/month in SS, a $2500/month pension and $7500/month in expenses is in the same situation as a retiree with $2500/month in SS and $5000/month in expenses. We would...
by CurlyDave
Fri Apr 27, 2018 1:31 am
Forum: Personal Consumer Issues
Topic: Amazon to raise Prime membership in US to $119 from $99
Replies: 145
Views: 10635

Re: Amazon to raise Prime membership in US to $119 from $99

Living in a rural community, Amazon is where its at for almost anything I can get from them. Local stores are expensive and have very limited selection. Even for things that the Walmart in town carries, I just go to Amazon and put it in the shopping cart. The trip to town is 10 miles each way, so th...
by CurlyDave
Thu Apr 26, 2018 12:31 pm
Forum: Personal Consumer Issues
Topic: Help! Nephew is asking for college advice (undergrad choices)
Replies: 41
Views: 2153

Re: Help! Nephew is asking for college advice (undergrad choices)

I would always advise going to the most well-known college that will accept a student. When starting out, the college name on a resume will open doors that might otherwise be closed. Is this unfair? Absolutely yes. But it is also true, so pile up every advantage you can on your side. Do people from ...
by CurlyDave
Thu Apr 26, 2018 12:26 pm
Forum: Personal Consumer Issues
Topic: AAA? What to do in car emergencies?
Replies: 87
Views: 4945

Re: AAA? What to do in car emergencies?

...Notice that I said "decent," not "exceptional," quality. Sadly, no air compressor but the car has one of those mini spares that won't be flat when you need it... I would not count on that. All of the "donut" tires I have ever seen require inflation, and to a higher than usual pressure than ordin...