Search found 1355 matches

by msk
Sun Nov 17, 2019 4:29 am
Forum: Non-US Investing
Topic: Portfolio Advice - Singapore
Replies: 7
Views: 416

Re: Portfolio Advice - Singapore

Your investment horizon is 40 to 50 years till you liquidate the bulk of your portfolio (or die). With such a long horizon I would aim to be highly diversified and resist guessing where is "best". Choose between VWRD (pays dividends) and VWRA (accumulating). Both cover the entire world including Eme...
by msk
Fri Nov 15, 2019 12:47 am
Forum: Non-US Investing
Topic: My Portfolio - Seeking Advice. Romania. 4 Currencies.
Replies: 20
Views: 880

Re: My Portfolio - Seeking Advice. Romania. 4 Currencies.

All World accumulating (includes Emerging Markets) VWRA. After 4 decades of playing the world's stock markets, including Options, I have gravitated to 100% VWRA as my final choice. At Interactive Brokers. If you wish to receive dividends, VWRD is the alternative. Bonds? At age 30? Why? The world wil...
by msk
Fri Nov 15, 2019 12:21 am
Forum: Personal Finance (Not Investing)
Topic: Equal Inheritance for Children
Replies: 63
Views: 5494

Re: Equal Inheritance for Children

As I wrote, Account B would remain part of the OP's retirement portfolio until passing. +1 The new account simply needs to be designated for the inheritance of Child B alone and the reasons mentioned in the will, to keep peace with 3rd parties, like the spouse of Child A... OP might even tell Child...
by msk
Thu Nov 14, 2019 3:57 am
Forum: Personal Finance (Not Investing)
Topic: The difficulty of discarding frugality?
Replies: 106
Views: 8860

Re: The difficulty of discarding frugality?

Fly First Class; or your heirs will. LoL, I still agonize over paying full whack for Business Class. Old habits...
by msk
Thu Nov 14, 2019 12:24 am
Forum: Personal Investments
Topic: How to combine finances with your spouse? Recently married/early30s
Replies: 72
Views: 4744

Re: How to combine finances with your spouse? Recently married/early30s

Nobody goes into a marriage without 100% commitment, but half the marriages fail. The holier than thou sentiments I see expressed here (100% shared from Day 1) presumably come from the half of the marriages that have succeeded. I would not want my kids to be sharing my inheritances fully with their ...
by msk
Wed Nov 13, 2019 1:04 am
Forum: Personal Investments
Topic: Recently married, early 30's portfolio/fire advice?
Replies: 29
Views: 2834

Re: Recently married, early 30's portfolio/fire advice?

What I advise my kids: Save and invest 30% of after tax income. Paying off principal in your home is saving and investing, NOT the interest part of a mortgage. Never buy a home worth more than 3x income (2.5x combined income) Never acquire car(s) worth more than 6 months income, by lease or purchase...
by msk
Sun Nov 10, 2019 4:00 am
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 192
Views: 14770

Re: Spend It All vs. Leave $$ for the Kids

IMHO most BHs will leave sizeable inheritances. This discussion really is about the disposal to charities, heirs, endowments, etc. E.g. most BH needs, especially as you age well past retirement, are probably met by a million $ portfolio + pension + SS + whatever. Add another million $ for discretion...
by msk
Sat Nov 09, 2019 3:10 am
Forum: Personal Finance (Not Investing)
Topic: Seller's agent not letting us use a buyer's agent
Replies: 122
Views: 10508

Re: Seller's agent not letting us use a buyer's agent

Happened to me some 40 years ago in Quebec. Seems these laws are local area specific, so may not apply to you. We had a family friend estate agent show us numerous houses that she felt appropriate for us. I.e. she was the buyer's agent. DW had spent many months living in her home, close family frien...
by msk
Thu Nov 07, 2019 1:36 am
Forum: Personal Consumer Issues
Topic: When to buy Car extended warranty ?
Replies: 55
Views: 2647

Re: When to buy Car extended warranty ?

I would definitely buy an extended warranty for a higher end Mercedes or BMW. These cars can be horrendously expensive to repair and it may also be difficult to get a bumper to bumper warranty extension. E.g for my Mercedes S560 I paid $2k to extend the warranty from 3 years to 5, but the extension ...
by msk
Wed Nov 06, 2019 6:09 am
Forum: Personal Investments
Topic: Will we be OK at 3% WR?
Replies: 290
Views: 19334

Re: Will we be OK at 3% WR?

Early retirees (and frankly all retirees) hope that they have decades of life left. Yes, even at my age 75. A fortune teller told me that I'll live to 95 when I was 18! So I looked carefully at what percentage withdrawal rate will keep my portfolio intact in REAL terms FOREVER. You will be pleased t...
by msk
Tue Nov 05, 2019 12:25 am
Forum: Personal Investments
Topic: Your Opinion Please [Asset Allocation]
Replies: 14
Views: 1228

Re: Your Opinion Please

I always view fixed income as lending my money to some unknown dude for x% interest. For some years now that x% has been close to zero in real terms. Not attractive to me. Then there is the utility of money. Let's view all $ in real terms. A $ to you at age 60 has less utility than a $ to you at age...
by msk
Mon Nov 04, 2019 11:51 pm
Forum: Personal Consumer Issues
Topic: Working from home vs in the office
Replies: 22
Views: 1837

Re: Working from home vs in the office

My daughter has been working from home for the past 15 years. A 1000 miles from her head office. Happy with the arrangement. I have often admired her discipline. On work days she does not get distracted. At all!
by msk
Mon Nov 04, 2019 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford upgrading to a new condo
Replies: 8
Views: 1174

Re: Can I afford upgrading to a new condo

This worked for me. Now at age 75: 1. Save and invest 30% of after tax income (combined job- plus investment/RE income) Paying principal, not interest, in one's home mortgage counts as savings and investing 2. Never buy a home worth more than 3x income (2.5x combined income) 3. Never acquire car(s) ...
by msk
Mon Nov 04, 2019 8:57 am
Forum: Non-US Investing
Topic: 5.1m Windfall - please advice
Replies: 22
Views: 3537

Re: 5.1m Windfall - please advice

Please sort out your tax status. The fact that you are temporarily outside the USA does not make you escape US taxes. Green card? You are hooked! You really have to think carefully as to whether returning to the USA later on is conducive to your financial health. E.g. the way I would view things, if...
by msk
Sun Nov 03, 2019 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: How far can/should I go leveraging on rental properties?
Replies: 21
Views: 1761

Re: How far can/should I go leveraging on rental properties?

What I did: I made sure that I can pay ALL monthly instalments on ALL my debts from just my job salary and still survive, even if barely, month to month. I had 3 rental properties going simultaneously in my early 30s and for about 6 weeks I did end up with nil rental income due to vacancies. In retr...
by msk
Wed Oct 30, 2019 1:59 am
Forum: Personal Investments
Topic: Holding bonds vs 100% equities
Replies: 367
Views: 21186

Re: Holding bonds vs 100% equities

Just some comments on "real life" rather than historical statistics: Most people who are not self employed have some kind of "pension" that will become available no matter how irresponsibly they have invested their savings or non-savings. E.g. SS and/or equity in their homes, Emergency Fund, Cash, e...
by msk
Thu Oct 24, 2019 8:04 am
Forum: Non-US Investing
Topic: BUY and HOLD individual Stocks vs iShares MSCI ACWI
Replies: 22
Views: 1417

Re: BUY and HOLD individual Stocks vs iShares MSCI ACWI

IMHO weighting stocks in some fashion does matter, especially over short periods. E.g. ask yourself at what stage you would have started investing in Yahoo, Nokia, Apple, Google, Facebook, Netscape, Blockbuster, etc. All new companies that have zoomed convincingly into the stratosphere and continued...
by msk
Wed Oct 23, 2019 10:50 am
Forum: Non-US Investing
Topic: BUY and HOLD individual Stocks vs iShares MSCI ACWI
Replies: 22
Views: 1417

Re: BUY and HOLD individual Stocks vs iShares MSCI ACWI

Also have a look at VWRD (pays dividends) and VWRA (accumulating). Both Vanguard World by free market weight.
by msk
Tue Oct 22, 2019 8:20 am
Forum: Personal Investments
Topic: New Investor with an Inheritance
Replies: 15
Views: 2168

Re: New Investor with an Inheritance

My advice to my adult kids, deemed too aggressive by many BHs, but I hate the idea of bonds altogether (lending my money to some unknown dudes for zero real terms interest): Pay off all loans asap and open a brokerage account with low interest on margin loans, e.g. at Interactive Brokers. Margin ser...
by msk
Sat Oct 12, 2019 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: How do I make more money with my accounting degree?
Replies: 29
Views: 2993

Re: How do I make more money with my accounting degree?

Get your certification into a CPA. The rest will come, but never expect a 200k income to be stress free. My daughter had a BCom and a good job at a Fortune 10 @$60k. A few months after becoming a CPA she got a job as Finance Manager at a smaller company @$170k. But she is just blessed with always be...
by msk
Tue Oct 08, 2019 12:56 pm
Forum: Personal Consumer Issues
Topic: Buying a house with in slab copper piping
Replies: 34
Views: 4039

Re: Buying a house with in slab copper piping

Sounds like a total replacement would cost "noise" $ hence it should not enter the decision making prominently. All pipes leak eventually. You replace when they need replacing. The replacement will simply start deteriorating sooner rather than later. I had a bunch of pipeline engineers working for m...
by msk
Sun Oct 06, 2019 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Tactics to pay off Mortgage Early??
Replies: 60
Views: 6322

Re: Tactics to pay off Mortgage Early??

Just take all these discussions to a ridiculous extreme. So you owe $200k on a $500k home. Good not to pay off the loan? Yes, because of the low interest. Go take an additional loan for the underutilized $300k, Silly? Pay off that $200k. A mortgage is a negative bond that implies that you are gearin...
by msk
Sun Oct 06, 2019 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Foreign Student Loans
Replies: 4
Views: 296

Re: Foreign Student Loans

Just pay off the loan and breathe free! When it comes to forecasting future exchange rates just recall that at any time 50% of forex traders are betting one way and another 50% the other direction. What makes you think you are in the correct half? Looks good now? Pay off. Nobody ever regretted getti...
by msk
Sun Oct 06, 2019 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Finance or Accounting Degree?
Replies: 81
Views: 5695

Re: Finance or Accounting Degree?

From the perspective of HR in a Fortune 10, the most critical part is being a properly certified CPA that can sign off company accounts, e.g. of subsidiaries or even medium sized individual companies. How he gets there, or whether he loves or hates accounting is irrelevant. I have a daughter with an...
by msk
Fri Oct 04, 2019 10:32 am
Forum: Personal Investments
Topic: 75 year old widow (my mom) retirement portfolio suggestions, RMD's - 2.35M assets
Replies: 25
Views: 2140

Re: 75 year old widow (my mom) retirement portfolio suggestions, RMD's - 2.35M assets

I am in a similar situation as your mother, age 75 with a COLA pension covering my expenses. But I have a high tolerance for stocks' volatility since I have dabbled for 4 decades. So I am in 100% stocks worldwide and withdraw 3.5% annually to gift my heirs. Call it pre-inheritance. View it as one po...
by msk
Thu Oct 03, 2019 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: [When my children marry, should they sign a pre-nuptial agreement?]
Replies: 95
Views: 7984

Re: Daddy I'm engaged! Pre-nup?

Half of marriages end in divorce or so I hear. The OP has valid concerns: basically Joint Ownership of all wealth or Separation of ownership (pre-nup). I suspect that around half the world if not more have legal structures that tend towards separation of ownership as the default (e.g. Province of Q...
by msk
Thu Oct 03, 2019 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: [When my children marry, should they sign a pre-nuptial agreement?]
Replies: 95
Views: 7984

Re: Daddy I'm engaged! Pre-nup?

Half of marriages end in divorce or so I hear. The OP has valid concerns: basically Joint Ownership of all wealth or Separation of ownership (pre-nup). I suspect that around half the world if not more have legal structures that tend towards separation of ownership as the default (e.g. Province of Qu...
by msk
Wed Oct 02, 2019 10:52 am
Forum: Investing - Theory, News & General
Topic: Why not use Margin Loan as eFund?
Replies: 63
Views: 4123

Re: Why not use Margin Loan as eFund?

IB has particularly low interest rates for margin loans. I would happily use a margin loan at IB as my eFund. That does not apply to other brokerages. Same issue with credit card debt. Interest rates too high. Entire above discussion depends on the interest rates charged by CC, Heloc, brokerage marg...
by msk
Wed Sep 25, 2019 9:24 am
Forum: Personal Consumer Issues
Topic: Wall mount the TV, or use a TV stand?
Replies: 20
Views: 1745

Re: Wall mount the TV, or use a TV stand?

For me the almost "ideal" distance for viewing a 65" TV is to be seated with your eyes at around 130" away. You can work this out starting from the resolution of normal vision, etc. Mounting it on a wall means that you are keeping it further away (compared to using a stand) by some 12" to 18". 130" ...
by msk
Sat Sep 21, 2019 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Early retirement - not worry about withdrawal rate, but focus on portfolio size?
Replies: 69
Views: 6404

Re: Early retirement - not worry about withdrawal rate, but focus on portfolio size?

Using Shiller's reconstructed stock prices, dividends and inflation data from 1871 to 2018 you could have withdrawn 6% of portfolio BALANCE at the end of each year (0.5% per month) and you would have had, on average, a monthly stipend AND portfolio balance that kept pace with inflation all the way t...
by msk
Tue Sep 17, 2019 10:27 am
Forum: Personal Finance (Not Investing)
Topic: "End of Life" Issues
Replies: 30
Views: 3266

Re: "End of Life" Issues

IMHO feeding tubes present one of the most difficult choices our families are faced with. It all happens in slow motion. Patient has difficulties swallowing and it gets steadily worse while he remains in a non comatose state but not lucid enough to simply say no. So family says yes because they cann...
by msk
Tue Sep 17, 2019 9:51 am
Forum: Personal Investments
Topic: Is private wealth management worth it?
Replies: 47
Views: 6143

Re: Is private wealth management worth it?

With $20 million I would just put it all into Vanguard Worldwide, VT, and make sure I never withdraw more than 5% of the portfolio balance in any year. If the market just stays steady, that ought to deliver enough to live on, $1 million a year. Market collapses by 70%, still good for $300k a year. H...
by msk
Tue Sep 17, 2019 9:28 am
Forum: Personal Consumer Issues
Topic: Retirees that have hobbies that make money - what are they?
Replies: 26
Views: 3295

Re: Retirees that have hobbies that make money - what are they?

The ones I had: Rental RE and stock picking backed by options Rental RE takes effort and sooner or later you will find it too much bother. Stock picking with Option trading takes skill and luck. Sooner or later you will find that the paltry extra $ you make takes too much effort and anxiety. Some ho...
by msk
Tue Sep 17, 2019 9:00 am
Forum: Personal Consumer Issues
Topic: Vacation ideas for February
Replies: 48
Views: 3941

Re: Vacation ideas for February

Anywhere south that has a nonstop flight from your location.
by msk
Tue Sep 17, 2019 8:54 am
Forum: Personal Consumer Issues
Topic: Seasoned retirees...
Replies: 52
Views: 4732

Re: Seasoned retirees...

Retired at 55, 20 years ago. Lessons to pass on: Life is not infinitely long, especially healthy life. Satisfy your cravings, for travel or whatever, while you have youthful health. It's much easier to make friends when you have school age children. Extremely difficult after retirement. I have seen ...
by msk
Thu Sep 12, 2019 4:52 am
Forum: Investing - Theory, News & General
Topic: Index Funds Bubble? [Michael Burry article]
Replies: 242
Views: 28047

Re: Index Funds Bubble? [Michael Burry article]

Are stocks over-priced? I feel in my guts, yes! P/Es over 25 is too much for my taste when I am looking for 5% annual appreciation in real terms. But what's the alternative? A crash caused by ETFs lack of liquidity among smaller holdings does not change the underlying earning ability of those smalle...
by msk
Tue Sep 10, 2019 7:36 am
Forum: Personal Consumer Issues
Topic: Quebec City in October
Replies: 23
Views: 1964

Re: Quebec City in October

I lived in Quebec City for a year. Beautiful place! Just walk around and enjoy. Plenty of very nice restaurants. If you see French Canadians going in as customers, just follow them in. They probably know something you as a tourist do not. How do you recognize the Quebecois? Hint: They talk to each o...
by msk
Tue Sep 10, 2019 1:21 am
Forum: Personal Finance (Not Investing)
Topic: Banks requiring fingerprint on a check for non-customers to receive cash
Replies: 87
Views: 5936

Re: Banks requiring fingerprint on a check for non-customers to receive cash

For a country that makes so much fuss about security and identification, the US seems to be falling behind some third world countries. Where I reside, all residents need an ID card, citizens or foreigners. The ID card (think of it as your SS card since it serves similar purposes plus...) has your ph...
by msk
Mon Sep 09, 2019 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: When do you start gifting the max to your family members? When is enough NW totally enough?
Replies: 80
Views: 9689

Re: When do you start gifting the max to your family members? When is enough NW totally enough?

LOL. Saving for what if you are leaving them an inheritance in the millions anyway? At a certain point in life (advanced age, high NW) an extra $ has much less utility value to you than to your heirs. For Wants rather than Needs. Once you have taken care of your needs (e.g. pension/annuities, etc.),...
by msk
Fri Sep 06, 2019 10:39 am
Forum: Investing - Theory, News & General
Topic: Index Funds Bubble? [Michael Burry article]
Replies: 242
Views: 28047

Re: The passive investment bubble, a short video from IBKR

Moral of the story: do not panic. Let others panic the SP500 into a free fall and buy cheap. The makings of another Flash Crash... Do NOT use Stop Loss Sell orders for your ETFs. The last Flash Crash was a painful lesson for me personally. Lost $100k in a few minutes on good old stodgy BRK.
by msk
Fri Sep 06, 2019 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Charitable gift annuity
Replies: 14
Views: 590

Re: Charitable gift annuity

Please explain. You are making the donation? How does that end up with your receiving an annuity? From your alma mater? Or are you making the donation(s) in the form of annuities?
by msk
Fri Sep 06, 2019 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Savings Percentage Calculation
Replies: 51
Views: 3275

Re: Savings Percentage Calculation

Save and invest 30% of after tax income and blow the other 70%. YOLO! You Only Live Once! Income: do not ignore your investment income. If using rental RE, this extra, non-job, income is very visible. With all-stocks ETFs the volatility masks the average income. Nevertheless it can be very substanti...
by msk
Fri Sep 06, 2019 7:02 am
Forum: Personal Consumer Issues
Topic: Did I commit a tipping faux pas?
Replies: 99
Views: 11294

Re: Did I commit a tipping faux pas?

I recently moved... I hired a moving company to haul my stuff from the old house to the new one. Their fee was about $575. They sent two guys out to do the job, which took about five hours. Now, let's see. The guys get paid for their labor, that their employer charges over $100 per hour. How much t...
by msk
Fri Sep 06, 2019 6:54 am
Forum: Personal Finance (Not Investing)
Topic: Stressed Over Money 25 Yr. Old
Replies: 65
Views: 5175

Re: Stressed Over Money 25 Yr. Old

I recall my mid 30s having a discussion with my buddy about how much to save and how much to spend. We were both worried that too much focus on accumulating wealth may deprive us unnecessarily of the good and frivolous things in life. Our conclusion was to save and invest 30% of net income and blow ...
by msk
Tue Sep 03, 2019 2:03 am
Forum: Non-US Investing
Topic: risk tolerance - too much in bonds?
Replies: 34
Views: 2796

Re: risk tolerance - too much in bonds?

Advice to my adult kids: 100% stocks (worldwide or all US as per own taste). Save and invest 30% of after tax income. Do that and you will retire wealthy. Use a brokerage with low Margin Interest rates. IB charges just over 4%. Use that facility as your Emergency Fund. Unlikely that you will ever ha...
by msk
Tue Sep 03, 2019 1:34 am
Forum: Investing - Theory, News & General
Topic: Real Estate vs Equities
Replies: 29
Views: 2744

Re: Real Estate vs Equities

Advice to my kids: As soon as you have a steady job that you expect to stay with for several years, buy an appropriately-sized home and pay off the mortgage asap. You'll have a toehold in the RE market and an excellent tenant, yourself. Not only that, you will also become aware of the local RE marke...
by msk
Sun Sep 01, 2019 11:27 pm
Forum: Personal Consumer Issues
Topic: Neighbor wants me to sell her my driveway but parking is tight. Detailed analysis help
Replies: 45
Views: 5922

Re: Neighbor wants me to sell her my driveway but parking is tight. Detailed analysis help

There is always a price at which it is worthwhile for you to sell the parking spaces (e.g. selling her the entire duplex!), and there is always a rent at which it's worthwhile for you to rent out one space, and another rent at which it's worthwhile for you to rent two spaces. You know in your heart ...
by msk
Sat Aug 31, 2019 11:02 am
Forum: Personal Consumer Issues
Topic: College age male: How much money for food?
Replies: 138
Views: 6297

Re: College age male: How much money for food?

If you can't live successfully on minimum wage when you can obviously make choices, you probably won't be that good at it when you make a lot more. Average US Minimum Wage $7.25/hr or $1250 pm. Excellent start for somebody living OFF campus. Starting with my kids' college recommendations (dorm, mea...
by msk
Sat Aug 31, 2019 10:34 am
Forum: Personal Consumer Issues
Topic: College age male: How much money for food?
Replies: 138
Views: 6297

Re: College age male: How much money for food?

As soon as he sounds approachable on the subject, I'm going to talk basic cooking strategy for him. My plan is to tell him to buy some kind of protein (pork chops, chicken, beef, etc.), season with the "quad" (kosher salt, pepper, garlic powder, onion powder) and throw it in either the crock pot (w...
by msk
Fri Aug 30, 2019 1:47 am
Forum: Personal Consumer Issues
Topic: Vehicle idle stop-start when parking
Replies: 54
Views: 3918

Re: Vehicle idle stop-start when parking

From the Hyundai website: Deactivating the Idle Stop and Go is as easy as pressing the button inside the driver’s side door, and reactivating it requires just one more press of the button. By default, the system will be activated every time you turn the car on. I suspect that most makes have a butt...