Search found 3665 matches

by Nate79
Sun Dec 09, 2018 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: are pre-fabricated homes a bad investment?
Replies: 53
Views: 2108

Re: are manufactured homes a bad investment?

Hi JoMoney. Everything I found (and I looked just now) indicates that mobile home owners rent the land on which the units sit. Do you have any pointers to other information? If the land is rented, which seems common, then your argument about what is and isn't an investment in a mobile home doesn't ...
by Nate79
Sun Dec 09, 2018 11:51 am
Forum: Personal Finance (Not Investing)
Topic: are pre-fabricated homes a bad investment?
Replies: 53
Views: 2108

Re: are manufactured homes a bad investment?

Depends on what they mean by manufactured home. If it means trailer then it is not an investment but a highly depreciating expense. If it means a prebuilt house then it is more like a house than a trailer.
by Nate79
Sun Dec 09, 2018 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Any reason to keep this Annuity?
Replies: 4
Views: 275

Re: Any reason to keep this Annuity?

Sell it. The fees probably far outweigh the tax benefits along with the capped return makes these a horrible product. Concerning the tax situation you should instead invest in taxable accounts with capital gain tax rates using tax efficient ETFs. Win win.
by Nate79
Sat Dec 08, 2018 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Are 401k contribution percents on salary before or after FSA/HSA elections?
Replies: 6
Views: 472

Re: Are 401k contribution percents on salary before or after FSA/HSA elections?

At my employer our 401k is a percentage of pretax income and that is the only option.
by Nate79
Sat Dec 08, 2018 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Any way to trade land without paying taxes or exchanging funds?
Replies: 19
Views: 1381

Re: Any way to trade land without paying taxes or exchanging funds?

Our state/county has a transfer tax on the transfer of real estate from one party to another. The tax is on the assessed value. I believe any form of transfer would incur the tax (excluding 1031), otherwise people would be setting up sham "gifts/trades" to get around paying the tax.
by Nate79
Sat Dec 08, 2018 9:13 am
Forum: Investing - Help with Personal Investments
Topic: 20M Inheritance - What is best option for small/no risk on principal?
Replies: 85
Views: 10157

Re: 20M Inheritance - What is best option for small/no risk on principal?

Only on BH would someone say $20M is not a lot. It would put someone well into the 99.5+% percentile of net worth in the US.
by Nate79
Fri Dec 07, 2018 8:20 pm
Forum: Investing - Theory, News & General
Topic: Who else is getting excited? [about the market]
Replies: 139
Views: 11746

Re: Who else is getting excited?

History can repeat itself. The market was down -80% from peak and took a decade to recover. This may or may not be worst case. Thise who ignore history are living in a delusional fantasy. At the same time you are likely to become unemployed for an extended period of time, housing prices down, etc -...
by Nate79
Fri Dec 07, 2018 7:11 pm
Forum: Investing - Theory, News & General
Topic: Anybody Miss the Crypto Rage on BH Forums
Replies: 96
Views: 6772

Re: Anybody Miss the Crypto Rage on BH Forums

John McAfee one year ago today, Dec 7, 2017 Bitcoin now at $16,600.00. Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the Blockchain, or you did not cared enough to try. Bubbles are mathematically impossible in this new paradigm. So are...
by Nate79
Fri Dec 07, 2018 6:26 pm
Forum: Investing - Theory, News & General
Topic: Who else is getting excited? [about the market]
Replies: 139
Views: 11746

Re: Who else is getting excited?

No, not excited to lose money. I get excited when I make money. Sometimes I think these type of posts greatly underestimate the potential risk out there. The past down turns and very fast recoveries have spoiled current investors. If you look at what happened in the Great Depression and still get e...
by Nate79
Fri Dec 07, 2018 1:48 pm
Forum: Personal Consumer Issues
Topic: Helping in-laws with buy vs lease
Replies: 14
Views: 916

Re: Helping in-laws with buy vs lease

Buy a car they can afford. Sorry, if they can't afford it I don't care how much they want the more expensive car but life is tough. Co-signing the loan would be just about the worst financial decision you could make. They should buy a cheap car and continue to save and periodically move up in car wh...
by Nate79
Fri Dec 07, 2018 9:43 am
Forum: Personal Consumer Issues
Topic: portable jump starters
Replies: 37
Views: 2207

Re: portable jump starters

Each of our vehicles has a battery jump started and compressor. At a minimum the battery packs act as a backup power source to charge our cell phones in case of power outage.
by Nate79
Fri Dec 07, 2018 9:40 am
Forum: Investing - Help with Personal Investments
Topic: Wanting to buy on the dip today didn't workout
Replies: 44
Views: 5845

Re: Wanting to buy on the dip today didn't workout

I didn't know people still call their broker to make a trade.
by Nate79
Fri Dec 07, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: County not accepting 2018 property taxes in 2018 - need help with ideas.
Replies: 138
Views: 6670

Re: County not accepting 2018 property taxes in 2018 - need help with ideas.

This is a "no politics" forum. I replaced "Trump tax cuts" with the correct name of the enacted legislation, "Tax Cuts and Jobs Act". Please do not associate political figures with the legislation. See: Politics and Religion In order to avoid the inevitable frictions that arise from these topics, p...
by Nate79
Thu Dec 06, 2018 2:44 pm
Forum: Personal Consumer Issues
Topic: Why is Costco gas so much cheaper
Replies: 117
Views: 9970

Re: Why is Costco gas so much cheaper

I've heard that the gasoline at many discount fuel stations is older gasoline that, for whatever reason, didn't get sold in time to make it to the 'premier' stations. But that may be completely false. How would this work? The tankers transporting to all of the gas stations pull from the same distri...
by Nate79
Thu Dec 06, 2018 2:36 pm
Forum: Investing - Theory, News & General
Topic: Who else is getting excited? [about the market]
Replies: 139
Views: 11746

Re: Who else is getting excited?

No, not excited to lose money. I get excited when I make money. Sometimes I think these type of posts greatly underestimate the potential risk out there. The past down turns and very fast recoveries have spoiled current investors. If you look at what happened in the Great Depression and still get e...
by Nate79
Thu Dec 06, 2018 1:02 pm
Forum: Investing - Theory, News & General
Topic: Who else is getting excited? [about the market]
Replies: 139
Views: 11746

Re: Who else is getting excited?

No, not excited to lose money. I get excited when I make money. Sometimes I think these type of posts greatly underestimate the potential risk out there. The past down turns and very fast recoveries have spoiled current investors. If you look at what happened in the Great Depression and still get ex...
by Nate79
Thu Dec 06, 2018 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Should we sell farmland to coal company?
Replies: 33
Views: 1981

Re: Should we sell farmland to coal company?

This is two separate decisions. Should you sell and should you sell to the coal company. I believe that the market value of the land should be close to the amount that the coal company is willing to pay because anyone smart would figure out that they could buy and then immediately sell to the coal c...
by Nate79
Thu Dec 06, 2018 11:24 am
Forum: Investing - Help with Personal Investments
Topic: 20M Inheritance - What is best option for small/no risk on principal?
Replies: 85
Views: 10157

Re: 20M Inheritance - What is best option for small/no risk on principle?

For the time being until you understand how you want to invest this for the long run I would buy individual tbills of short and mid duration. I would not use CD's - that would be a huge pain to stay within FDIC limits...... Perhaps a high yield savings account or money market fund for any money you ...
by Nate79
Thu Dec 06, 2018 11:20 am
Forum: Investing - Help with Personal Investments
Topic: Should I sell?? 1,118.75% gain!!
Replies: 26
Views: 3748

Re: Should I sell?? 1,118.75% gain!!

Hey everyone, a few years back I dabbled in penny stocks and foolishly bought some terrible stocks that. 7 years later I only buy index funds but in my old scottrade account I had $8 worth of stock that I purchased for $133. I never sold them because it wasn’t worth selling over $8 and plus the com...
by Nate79
Thu Dec 06, 2018 10:08 am
Forum: Investing - Help with Personal Investments
Topic: 401K vs Roth 401K
Replies: 20
Views: 1901

Re: 401K vs Roth 401K

The decision to move 401-k contributions to Roth 401-k should be taken only if you believe that in your retirement, the combination of social security + withdrawal from the traditional 401-k / IRA accounts would completely fill out the lower tax tiers than your current marginal tax bracket. Current...
by Nate79
Thu Dec 06, 2018 9:56 am
Forum: Personal Consumer Issues
Topic: Best values at Costco? Honestly, a little disappointed...
Replies: 146
Views: 14749

Re: Best values at Costco? Honestly, a little disappointed...

The value of Costco's return policy can not be underestimated. We purchased a mattress about 2.5 years ago from Costco.com and are not happy with it and will be returning it for a full refund, no cost (likely will get another one from them as replacement but is not a requirement). Did you put that ...
by Nate79
Wed Dec 05, 2018 10:54 pm
Forum: Personal Consumer Issues
Topic: Best values at Costco? Honestly, a little disappointed...
Replies: 146
Views: 14749

Re: Best values at Costco? Honestly, a little disappointed...

The value of Costco's return policy can not be underestimated. We purchased a mattress about 2.5 years ago from Costco.com and are not happy with it and will be returning it for a full refund, no cost (likely will get another one from them as replacement but is not a requirement).
by Nate79
Wed Dec 05, 2018 10:48 pm
Forum: Investing - Theory, News & General
Topic: Why buying homes with mortgages is good but buying stocks on margin is bad
Replies: 36
Views: 2869

Re: Why buying homes with mortgages is good but buying stocks on margin is bad

Can someone explain to me why the advise is NEVER buy stocks on margin; however, everyone who has a mortgage and still buying stocks is basically doing the same thing? Can't seem to wrap my head around this one. Thanks! House dives 30% in value on your 4:1 leveraged loan what does bank do? Nothing....
by Nate79
Wed Dec 05, 2018 10:01 pm
Forum: Investing - Theory, News & General
Topic: The risks of equities when saving for retirement
Replies: 38
Views: 3204

Re: The risks of equities when saving for retirement

One of the dumbest articles I've read in a while. Sound the alarm that equities have return in a range, that you can't predict the future (duh), just because you set a target return doesnt mean it will happen (double duh), and the only solution offered is to vary your contribution rate? Vary your co...
by Nate79
Wed Dec 05, 2018 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Costco Protective LI vs RiverSource LI
Replies: 7
Views: 816

Re: Costco Protective LI vs RiverSource LI

Compare actual prices of all of them including the ones you mention and go with the cheapest.
by Nate79
Wed Dec 05, 2018 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off debt or maxing Roth IRA as a resident
Replies: 14
Views: 967

Re: Paying off debt or maxing Roth IRA as a resident

I am a 1st year resident physician with 210K in student loan, which I consolidated it to be 5.75%. I am currently on REPAYE (which is income based repayment). My gross income is around 56K and will increase about 2K per year. My residency will be 4 years, and I will most likely pursue a fellowship ...
by Nate79
Wed Dec 05, 2018 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off debt or maxing Roth IRA as a resident
Replies: 14
Views: 967

Re: Paying off debt or maxing Roth IRA as a resident

I would focus on paying off the debt - reduce risk for the future and hope that your income happens like you plan. The amount of money you would put in the Roth the next 5 years would be so pitifully small compared to your (hopefully) enormous future income that it is almost meaningless.
by Nate79
Wed Dec 05, 2018 11:08 am
Forum: Investing - Help with Personal Investments
Topic: Schwab user. Where should I put my Emergency Fund?
Replies: 17
Views: 1381

Re: Schwab user. Where should I put my Emergency Fund?

isira wrote:
Wed Dec 05, 2018 1:24 am
If you want to keep everything at Schwab, one of the money market funds would be fine. SWVXX is currently 2.14%.
+1 This is what I use.
by Nate79
Tue Dec 04, 2018 10:10 pm
Forum: Investing - Help with Personal Investments
Topic: Surrender a Universal Life Policy? Help
Replies: 4
Views: 409

Re: Surrender a Universal Life Policy? Help

I would cancel or transfer to an annuity at Vanguard. Either way in grand scheme of things it probably doesn't matter which you do. But absolutely stop flushing your money down the toilet of a horrible product like this.
by Nate79
Tue Dec 04, 2018 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Why Is Insurance Worth It (Analytically)?
Replies: 89
Views: 4127

Re: Why Is Insurance Worth It (Analytically)?

This is not the first time this subject has been discussed and unfortunately the entire premise as in the past is built on ignorance.
by Nate79
Mon Dec 03, 2018 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab vs Fidelity for checking account + Passive Investment
Replies: 14
Views: 1051

Re: Schwab vs Fidelity for checking account + Passive Investment

Schwab is excellent in all of your categories - we use them for similar reasons. No experience with Fidelity personally.
by Nate79
Mon Dec 03, 2018 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Question about long term care
Replies: 8
Views: 947

Re: Question about long term care

Why does he need term insurance? Does he have someone dependant on his income? (Note when we say term insurance we mean level term insurance where he payment is fixed for a certain period of time).

Note term insurance and long term care have nothing to do with each other.
by Nate79
Mon Dec 03, 2018 3:06 pm
Forum: Investing - Theory, News & General
Topic: Edward Jones a Review and Analysis: Can Edward Jones be Used for a Boglehead Three Fund Portfolio?
Replies: 36
Views: 3542

Re: Edward Jones a Review and Analysis: Can Edward Jones be Used for a Boglehead Three Fund Portfolio?

Sounds like you found a FA at EJ that is just about the complete opposite of every single other EJ advisor out there and is completely against everything EJ stands for. So you found a unicorn. I disagree completely that even someone with a complicated financial life should EVER use EJ as a FA. It wo...
by Nate79
Mon Dec 03, 2018 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand "Payout Rate" for an Annuity
Replies: 58
Views: 3234

Re: Help me understand "Payout Rate" for an Annuity

What these calculations proved is that for fixed duration annuities the return is little different than if you held bonds yourself. The quoted payout rate is perhaps purposefully confusing to make the consumer think it is a return. True. But with the annuity you get protection from bad market resul...
by Nate79
Mon Dec 03, 2018 1:10 pm
Forum: Personal Consumer Issues
Topic: Crawl Space Fixin's - Do you really need it?
Replies: 20
Views: 2125

Re: Crawl Space Fixin's - Do you really need it?

For the vapor barrier I think you could buy the materials and hire a handyman for a few hrs of work if you don't want to do it yourself.
by Nate79
Mon Dec 03, 2018 9:06 am
Forum: Investing - Theory, News & General
Topic: Big endowments don't beat simple 60/40 over 10 yrs.
Replies: 25
Views: 3167

Re: Big endowments don't beat simple 60/40 over 10 yrs.

Why wasn't this quote the one that made the headline?
The news wasn’t all bad for the Ivy endowments. Though the endowments didn’t beat a plain-vanilla portfolio over ten years, they did outpace it when looked at over the most recent 15-year period on an annualized basis.
by Nate79
Sun Dec 02, 2018 6:56 pm
Forum: Investing - Theory, News & General
Topic: Edward Jones a Review and Analysis: Can Edward Jones be Used for a Boglehead Three Fund Portfolio?
Replies: 36
Views: 3542

Re: Edward Jones a Review and Analysis: Can Edward Jones be Used for a Boglehead Three Fund Portfolio?

Edward Jones is one of the worst FA firms. There is zero reason for someone to use them. There are much better choices for any investor. Any advice otherwise is a bunch of hogwash.
by Nate79
Sun Dec 02, 2018 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand "Payout Rate" for an Annuity
Replies: 58
Views: 3234

Re: Help me understand "Payout Rate" for an Annuity

What these calculations proved is that for fixed duration annuities the return is little different than if you held bonds yourself. The quoted payout rate is perhaps purposefully confusing to make the consumer think it is a return.
by Nate79
Sun Dec 02, 2018 3:45 pm
Forum: Personal Consumer Issues
Topic: Best values at Costco? Honestly, a little disappointed...
Replies: 146
Views: 14749

Re: Best values at Costco? Honestly, a little disappointed...

We are selective what we buy. We either buy because of price or specifically for the high quality. We also really try to time our shopping schedule to their coupon rotation. Some of the items we buy: Vitamins and OTC meds (various), pet RX, dog food, olive oil, chips, clothes, bedding, specialty che...
by Nate79
Sat Dec 01, 2018 4:11 pm
Forum: Personal Consumer Issues
Topic: Why is Costco gas so much cheaper
Replies: 117
Views: 9970

Re: Why is Costco gas so much cheaper

According to information at a local Costco they by rule every morning poll the prices within a certain distance of the store and then price a certain amount less than that (I think it was a min of 5 cents less or something).
by Nate79
Fri Nov 30, 2018 8:28 pm
Forum: Investing - Theory, News & General
Topic: ?Admiral share availability in other brokerages?
Replies: 20
Views: 2082

Re: ?Admiral share availability in other brokerages?

The Vanguard Investor class fund info pages at ETrade now say "Open To Existing Shareholders Only" and if you try to buy it, it says "The fund you've selected is closed to new investors." No sign of Admiral shares. Okay this is a bit weird. ETrade has added exactly one Admiral share class fund http...
by Nate79
Fri Nov 30, 2018 8:24 pm
Forum: Investing - Theory, News & General
Topic: Why are REITS a separate asset class but healthcare is not?
Replies: 55
Views: 2997

Re: Why are REITS a separate asset class but healthcare is not?

US real estate is very roughly worth $30 trillion, with $15 trillion in mortgages. The US stock market is also worth very roughly $30 trillion. Most real estate is privately held and thus not included in the total US stock market - it's roughly 2% REITs. There's an argument to be made that the tota...
by Nate79
Fri Nov 30, 2018 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand "Payout Rate" for an Annuity
Replies: 58
Views: 3234

Re: Help me understand "Payout Rate" for an Annuity

Got it! Just ran a spreadsheet......that answered my question. Actual interest rate is approx. 4.4% per year! What was throwing me off was the "Payout Rate vs. Interest Rate"......thanks for clearing that up! Thank you for your assistance once again. It's really comforting to know that a person can...
by Nate79
Fri Nov 30, 2018 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: New 401k has terrible fees; options?
Replies: 22
Views: 1001

Re: New 401k has terrible fees; options?

What are the lowest fee options in her plan? Any chance there is one or two funds that happen to be lower than the others?
by Nate79
Fri Nov 30, 2018 4:28 pm
Forum: Personal Consumer Issues
Topic: Auto battery charger recommendation?
Replies: 8
Views: 930

Re: Auto battery charger recommendation?

Hi all, The time has come to replace my aging auto/tractor/etc. battery charger, and I could use suggestions from those with personal experience. Requirements: -At least 25 amp 12 volt continuous capacity. -"Intelligent" charging, i.e. the unit's logic tapers charging rate as battery is charged, th...
by Nate79
Fri Nov 30, 2018 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand "Payout Rate" for an Annuity
Replies: 58
Views: 3234

Re: Help me understand "Payout Rate" for an Annuity

A quick spreadsheet calculation (not precise) gave me an estimated 3.9% yield would be required to duplicate this payout on your own.
by Nate79
Fri Nov 30, 2018 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Nullify Sequence of Returns Risk by Borrowing?
Replies: 31
Views: 1927

Re: Nullify Sequence of Returns Risk by Borrowing?

What about selling part/all of the portfolio and investing in a bond fund like PIMIX which has a 5.63% yield and pays monthly? It seems like you can just live off of that income and as long as you don't touch principle and the fund continues its yield, you will be ok. There is no magic wand (or fun...
by Nate79
Thu Nov 29, 2018 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Help/Tax Expert Needed
Replies: 60
Views: 1758

Re: HSA Help/Tax Expert Needed

In almost all cases an HSA compatible plan will be called an HDHP with HSA in the plan name. It is irrelevant to the discussion to look at the basic info like deductibles and try and determine if your plan is compatible with an HSA. Call your insurance company. Can I call them directly? That would ...