Search found 1091 matches

by msk
Mon Apr 22, 2019 8:48 am
Forum: Non-US Investing
Topic: The urge to go back to stockpicking [Malaysia]
Replies: 25
Views: 1379

Re: The urge to go back to stockpicking

Been there, done that. Learn how to use options. You will make money or lose money much faster, good. You will also improve your risk tolerance greatly, also good. You will then glide into ETFs in fewer years than dabbling in stocks (takes longer to learn your own limitations or talents). After seve...
by msk
Fri Apr 19, 2019 4:17 am
Forum: Personal Investments
Topic: "Never time the market" vs. lump sum investment
Replies: 148
Views: 15114

Re: "Never time the market" vs. lump sum investment

I mentioned my strategy early up on this thread. My definition of a large plummet is >30% from peak. Otherwise I remain 100% in stocks, inactive. You ALWAYS have funds available by using margin, so when the triggering 30% occurs I buy one-year Call options (on margin). You can also buy multi-year Ca...
by msk
Thu Apr 18, 2019 5:54 am
Forum: Personal Consumer Issues
Topic: A week in Newfoundland, activites advise
Replies: 15
Views: 1162

Re: A week in Newfoundland, activites advise

Just a pointer on maps and GPS for remote areas anywhere in the world. As you venture into the boonies your phone may lose reception and any data connection. Make sure you download a Google Map (into "Your Maps") of your region of interest onto your phone before you leave wifi. Even at home before y...
by msk
Thu Apr 18, 2019 4:37 am
Forum: Non-US Investing
Topic: Please help me pick an ETF/portfiolo (Belgium).
Replies: 11
Views: 1352

Re: Please help me pick an ETF/portfiolo (Belgium).

After 4 decades of dabbling in stocks this is what I have ended up with

in one account 76% IWDA, 12% EIMI, 12% WSML (all accumulating)
in another account 100% VWRD, pays quarterly dividends

Choose one or the other. At age 18 even if you lose it all, you'll survive.
by msk
Wed Apr 17, 2019 3:14 am
Forum: Personal Investments
Topic: $1.1 million rental portfolio, but tired of being a landlord
Replies: 87
Views: 10534

Re: $1.1 million rental portfolio, but tired of being a landlord

Been there, done that. I had 30 apartments/single-family dwellings for 30 years. No matter how much you delegate, there comes a point when you are simply fed up. After many years waiting for the RE market to pick up, I sold, with the market still moribund. As luck would have it, the market shot up t...
by msk
Sat Apr 13, 2019 1:36 am
Forum: Personal Investments
Topic: What % bonds for early retirement
Replies: 41
Views: 3587

Re: What % bonds for early retirement

Current age 32. Current percent bonds = 22%. We max all of our retirement investments and want to retire as early as possible. We are currently projected to retire at around age 50 assuming a 7% (4% real) average return. My question is what percent bonds should I be targeting right now and how shou...
by msk
Fri Apr 12, 2019 5:28 am
Forum: Personal Investments
Topic: "Never time the market" vs. lump sum investment
Replies: 148
Views: 15114

Re: "Never time the market" vs. lump sum investment

Because of my tax residency, abroad in an obscure country, I have nil concerns about tax harvesting or capital gains tax, etc. I have been dabbling in stocks since the early 1980s but with a large fraction in SPY (=SP500) and BRK (=Berkshire Hathaway). The dot.com boom tempted me into Nasdaq hi-tech...
by msk
Thu Apr 11, 2019 7:24 am
Forum: Personal Consumer Issues
Topic: How Much Do You Pay For Haircut?
Replies: 115
Views: 6217

Re: How Much Do You Pay For Haircut?

CarpeDiem22 wrote:
Thu Apr 11, 2019 12:58 am
Slightly less than $2 per haircut for me, once every 6 weeks or so. About $5 for DW, once every 3-4 months. No tips required.

Yes, the third world is that cheap to live in.
Ditto. $2.00 + 0.60 tip. Round figure in local currency.
by msk
Wed Apr 10, 2019 10:04 am
Forum: Personal Investments
Topic: Inheritance Advice for Newbie:
Replies: 13
Views: 1132

Re: Inheritance Advice for Newbie:

Wow! How can anyone keep track of all that? Presumably you are happy with that existing lot, including the $90k mortgage (I call mortgages negative bonds/leveraging). Yes? Leave it alone. Put the new million $ in VT (Vanguard World) and be done. Lump sum in and leave it alone till retirement. VT has...
by msk
Wed Apr 10, 2019 9:50 am
Forum: Personal Finance (Not Investing)
Topic: How do 40 year olds decide what they can afford?
Replies: 85
Views: 9517

Re: How do 40 year olds decide what they can afford?

This worked for me. I am now at mid 70s, retired since age 55. Save and invest 30% of after tax income, from the day you graduate till the day you retire. In your younger days your income was mainly job income. After 20 years of saving and investing you ought to have a substantial amount of non job ...
by msk
Wed Apr 10, 2019 2:24 am
Forum: Personal Consumer Issues
Topic: Financial solicitation by my doctor
Replies: 71
Views: 8089

Re: Financial solicitation by my doctor

The only time I knew that one of my patients donated was when the amount was >100,000 and I was "advised" to be present at the ceremony where the donor family cut some ribbon. LoL. Just donate a 7 figure sum and you will never have to wait more than a couple of days for an appointment :D I just hat...
by msk
Wed Apr 10, 2019 1:46 am
Forum: Personal Investments
Topic: Pay off mortgage better or worse than investing in bonds?
Replies: 24
Views: 2874

Re: Pay off mortgage better or worse than investing in bonds?

I feel that there is too much focus on trivial differences rather than on the whole forest. The interest differential between secure bonds and mortgage interest (both after tax) will always be tiny compared to stocks' probable earnings. Mortgages are always basically negative bonds, allowing leverag...
by msk
Sun Apr 07, 2019 10:20 pm
Forum: Personal Investments
Topic: Grandparents gifting options for grandkids college
Replies: 48
Views: 3153

Re: Grandparents gifting options for grandkids college

As a grandparent I also appreciate that I may die suddenly. I just gift the parents monthly (my kids) and tell them to sort things out. And not to expect further gifts when their kids enter college.
by msk
Sun Apr 07, 2019 10:07 pm
Forum: Personal Consumer Issues
Topic: Porsche Cayenne Base Model vs Premium Lexus RX or GLE?
Replies: 23
Views: 1643

Re: Porsche Cayenne Base Model vs Premium Lexus RX or GLE?

Most of these cars are owned by suburban poseurs who hardly ever go off road and who do not care about handling anyway, like my 60 year-old sister and her latest Lexus last month. She got the car repainted a different color even before delivery because she did not like what Lexus offers! They are ch...
by msk
Sat Apr 06, 2019 2:57 am
Forum: Non-US Investing
Topic: Your opinion on debt?
Replies: 111
Views: 6485

Re: Your opinion on debt?

Somehow I find it extremely difficult to justify having a mortgage and simultaneously holding any bonds. Any bonds? Can you expand on that a bit? I don't understand the logic there. I hold no bonds (real interest rates on secure bonds are and will always be too low for me to find attractive) and no...
by msk
Sat Apr 06, 2019 2:14 am
Forum: United Arab Emirates
Topic: First time investor at 24 y.o. with $1.5m, based in the UAE.
Replies: 11
Views: 2062

Re: First time investor at 24 y.o. with $1.5m, based in the UAE.

You have a choice: invest all your money in one go (my choice) and you have a 60% chance of later believing this was clever or a 40% chance shortly later regretting the big jump-in. Ten years later it will all turn out to be terribly clever :mrgreen: The other choice is to go in using Discounted Cos...
by msk
Thu Apr 04, 2019 8:00 am
Forum: Non-US Investing
Topic: Your opinion on debt?
Replies: 111
Views: 6485

Re: Your opinion on debt?

Somehow I find it extremely difficult to justify having a mortgage and simultaneously holding any bonds. Any bonds? Can you expand on that a bit? I don't understand the logic there. Taking on mortgage debt is often viewed as attractive in a low interest rate environment. Bonds yield even lower inte...
by msk
Thu Apr 04, 2019 3:00 am
Forum: Personal Finance (Not Investing)
Topic: Considerations for Rent v Buying for 4-year stay
Replies: 16
Views: 1314

Re: Considerations for Rent v Buying for 4-year stay

With RE it's always about location, in space and in time. Last time I was posted to a new location for 4 years (London UK), I could not believe that anyone would be so reckless and agree to giving a 90% mortgage to a foreigner like myself so I jumped in and bought a new home (10% down). Six weeks la...
by msk
Thu Apr 04, 2019 2:36 am
Forum: Non-US Investing
Topic: Your opinion on debt?
Replies: 111
Views: 6485

Re: Your opinion on debt?

Even non-callable mortgages are not always super attractive. E.g. let us assume you can wangle your arithmetic to have your mortgage down to 3% after tax deductions, etc. Paying that off immediately is a guaranteed return of 3%, forever, after tax. You also, in addition, stand a decent probability t...
by msk
Wed Apr 03, 2019 2:50 am
Forum: Investing - Theory, News & General
Topic: Reasonable timeframe to 'average in' to index funds?
Replies: 45
Views: 3450

Re: Reasonable timeframe to 'average in' to index funds?

Fifteen minutes sounds reasonable. You know, the time it takes to initiate positions on a handful of ETFs. A year later you'll know whether you were rash or super clever. Last time I did that for a mid 7 figure sum (end 2016) it turned out I had been super clever :moneybag :mrgreen: Perhaps next tim...
by msk
Wed Apr 03, 2019 2:40 am
Forum: Non-US Investing
Topic: Your opinion on debt?
Replies: 111
Views: 6485

Re: Your opinion on debt?

Choose debt as a business decision. The debt comes at X% interest rate. If I can make 3X% with reasonable assurance I would go for it. Only 2X% and I am not tempted. Another yardstick: If I am ready to take on $100k in debt because it is so attractive, why not a million $? Same as the common queries...
by msk
Wed Apr 03, 2019 2:02 am
Forum: Non-US Investing
Topic: Study: The Rate of Return on Everything, 1870-2015
Replies: 129
Views: 24665

Re: Study: The Rate of Return on Everything

OK, most BHs have already gone through a significant fraction of their accumulation phase. Nevertheless my advice to youngsters has always been: Invest in your home as soon as you have stability and pay it off asap. This way you have a toehold on the RE market and you have an excellent tenant, yours...
by msk
Tue Apr 02, 2019 5:44 am
Forum: United Arab Emirates
Topic: First time investor at 24 y.o. with $1.5m, based in the UAE.
Replies: 11
Views: 2062

Re: First time investor at 24 y.o. with $1.5m, based in the UAE.

My choice for Buy and forget (I actually have mid 7 figures deployed like this): 76% IWDA, 12% EIMI, 12% WSML I see no reason to overweight the USA when the investment horizon is many decades. But different opinions make the market what it is... That 30% you wish to await a fall in the market: Learn...
by msk
Sun Mar 31, 2019 4:32 am
Forum: Personal Consumer Issues
Topic: TVs: OLED vs. QLED
Replies: 52
Views: 3928

Re: TVs: OLED vs. QLED

Get the largest screen you are willing to spend on. I have yet to see a 4k screen that is "too big" in any normal sized viewing room. A theoretically weaker technology at 85" will always look better than a supposedly superior OLED or whatever at 75". If your eyes are good enough, just go to a Sony s...
by msk
Sat Mar 30, 2019 3:00 am
Forum: Personal Finance (Not Investing)
Topic: Paying someone in Australia...
Replies: 2
Views: 285

Re: Paying someone in Australia...

Assuming he is not a business and does not accept credit cards, you could ask him to use Paypal?
by msk
Sat Mar 30, 2019 2:54 am
Forum: Personal Finance (Not Investing)
Topic: Those of you with alot of money, how did you do it?
Replies: 86
Views: 13076

Re: Those of you with alot of money, how did you do it?

Opportunities hardly ever repeat, so grab any that come your way while still young. I started off in RE, 90% mortgages on 3 houses in 3 different countries, all taken simultaneously. Hence I could honestly declare on each mortgage application that I had nil debts, 3 banks in 3 different countries. H...
by msk
Fri Mar 29, 2019 4:05 am
Forum: Personal Finance (Not Investing)
Topic: Age 62 Selling my home .. investing my money
Replies: 27
Views: 2810

Re: Age 62 Selling my home .. investing my money

With $800k you can invest in: 100% US stocks total market and withdraw a MAXIMUM of 5% yearly ($3,300 per month) 100% US bonds and withdraw a MAXIMUM of 2.5% yearly ($1600 per month) You can, of course choose to withdraw smaller amounts and simply build up more wealth, but as long as you NEVER excee...
by msk
Fri Mar 29, 2019 3:39 am
Forum: United Arab Emirates
Topic: I use IB to hold my ETFs. Who is the Custodian? Open to a Madoff?
Replies: 3
Views: 414

I use IB to hold my ETFs. Who is the Custodian? Open to a Madoff?

My precise tax residence is not in the UAE but this is the closest sub forum I can find that closely resembles my tax status. So here goes: I own a large figure portfolio at IB in Ireland-based ETFs, so I am reasonably confident that I am not unnecessarily exposed to US taxes. Nevertheless I am stil...
by msk
Wed Mar 27, 2019 2:40 am
Forum: Personal Consumer Issues
Topic: Are independent garages cheaper than dealer?
Replies: 58
Views: 4109

Re: Are independent garages cheaper than dealer?

Depends on how generic your vehicle is. A Corolla can be repaired/maintained even in a village repair shop. A recent upscale model Lexus LS500? Not such a brilliant idea. I found that both Lexus and Mercedes dealers maintain their brands by-the-book. Generic repair shops do the minimum to keep your ...
by msk
Wed Mar 27, 2019 2:07 am
Forum: Personal Finance (Not Investing)
Topic: OK to give adult offspring job but not unearned salary?
Replies: 9
Views: 1368

OK to give adult offspring job but not unearned salary?

Conundrum: I am in my mid 70s with an 8-figure portfolio. My needs and wants are sober, BH-level and are fully met by a COLA pension. If I owned a business worth that much I would not hesitate to offer an adult kid a job in it paying a 5 or 6 figure salary, possibly even overpaying for his/her servi...
by msk
Fri Mar 22, 2019 9:04 am
Forum: Personal Consumer Issues
Topic: Being a Boglehead and car enthusiast stinks
Replies: 72
Views: 4393

Re: Being a Boglehead and car enthusiast stinks

Everyone needs a hobby. It's up to you to choose a hobby that is either a money maker or a money pit. My first hobby was photography using my Dad's cameras; and I made money from it by charging the extended family as their events photographer. It paid for my own darkroom and I built my own lighting ...
by msk
Fri Mar 22, 2019 8:43 am
Forum: Personal Consumer Issues
Topic: Vacation Home: Own vs. Rent??
Replies: 42
Views: 3362

Re: Vacation Home: Own vs. Rent??

Been there, done that. Great Year 1, 2, 3 but gradually declining enthusiasm. Became more of a family nuisance by Year 4 and by Year 10 glad to have finally got rid of it. No real comparison with renting. Memories, no need to pack, etc. Just be aware that you will have to drag the family to go ther...
by msk
Wed Mar 20, 2019 3:26 am
Forum: Non-US Investing
Topic: IB: VWRD new margin requirement 100% due to low trading volume
Replies: 14
Views: 1037

Re: IB: VWRD new margin requirement 100% due to low trading volume

Note that a better replication of VWRD is 76% IWDA, 12% EIMI and 12% WSML (small cap stocks in Developed World). Those are the percentages I went in with over a year ago. I did not wish to be bothered by having to reinvest dividends quarterly. I did buy VWRD in another account, just to see how thing...
by msk
Sun Mar 17, 2019 1:32 am
Forum: Personal Investments
Topic: Real estate instead of bonds to diversify
Replies: 24
Views: 1574

Re: Real estate instead of bonds to diversify

I have a widowed sister who owns 3 apartments, one she lives in, the others she rents out. Augments her pension. All her other "investments" are simple bank deposits and undeveloped land (nil income, awaiting appreciation, hopefully higher than inflation). Worked for her. Raised 3 sons alone into ad...
by msk
Fri Mar 15, 2019 2:12 am
Forum: Personal Investments
Topic: Moving out of ETF into growth stocks.. To do or not to?
Replies: 40
Views: 1905

Re: Moving out of ETF into growth stocks.. To do or not to?

Keeping track of the returns on a live portfolio is MUCH more complicated than one expects at first sight. Our own live portfolios have an endless series of inflows (additional investing) and cash outs (to buy a car/house?). All these have to be accounted for. Basically you have to use short windows...
by msk
Thu Mar 14, 2019 4:19 am
Forum: Personal Consumer Issues
Topic: Vacation Home: Own vs. Rent??
Replies: 42
Views: 3362

Re: Vacation Home: Own vs. Rent??

Been there, done that. Great Year 1, 2, 3 but gradually declining enthusiasm. Became more of a family nuisance by Year 4 and by Year 10 glad to have finally got rid of it. No real comparison with renting. Memories, no need to pack, etc. Just be aware that you will have to drag the family to go there...
by msk
Thu Mar 14, 2019 4:06 am
Forum: Personal Investments
Topic: Moving out of ETF into growth stocks.. To do or not to?
Replies: 40
Views: 1905

Re: Moving out of ETF into growth stocks.. To do or not to?

I would certainly listen to your friend's advice/suggestions/stock picks if you believe that his NW is at least several times yours. Otherwise it's just hot air. To make big money in stock picking you have to bet heavy on a handful, not on 100 stocks. Any stock picker will tell you that if you manag...
by msk
Wed Mar 13, 2019 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Bright daughter wants to work for nonprofit
Replies: 103
Views: 7769

Re: Bright daughter wants to work for nonprofit

I have TWO of my 4 kids out to save the planet on low or no pay. Both had done very well academically and one even had a career as a Finance Director in a medium sized company. So now I give both monthly stipends. To be fair, I also give the same to my other two. Frankly, it's just charity in anothe...
by msk
Wed Mar 13, 2019 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Should I give more money to a family member?
Replies: 107
Views: 6318

Re: Should I give more money to a family member?

People getting handouts always feel that the donor is rich enough to afford it comfortably. Do not expect much gratitude. Your little sis was expecting another $69k. Her grad school is perhaps 3 years? Let's round that off to 40 months to allow for a job search at the end. Now that she is doing some...
by msk
Wed Mar 13, 2019 6:13 am
Forum: Personal Investments
Topic: Can i rely on rental property?
Replies: 64
Views: 5324

Re: Can i rely on rental property?

You get the same return in the stock market as you do with rentals, for 90,000% less work. Empty land can also show tremendous appreciation, with, essentially, nil effort. The OP has elsewhere indicated that his local population is increasing rapidly and has resulted in rapid appreciation of RE pri...
by msk
Wed Mar 13, 2019 1:12 am
Forum: Non-US Investing
Topic: Bond allocation on local Certificate of Deposit
Replies: 6
Views: 470

Re: Bond allocation on local Certificate of Deposit

If you are willing, as a local who has a good perception of local stability, to take a risk on Indonesian bonds then I would suggest that you look for Indonesian bonds that are issued in either US$ or Euro. They will carry a lower risk than in local currency since the country will be very reluctant ...
by msk
Tue Mar 12, 2019 9:10 am
Forum: Personal Investments
Topic: Asset allocation to Retire 5 years from now with 2,5m
Replies: 10
Views: 1967

Re: Asset allocation to Retire 5 years from now with 2,5m

You believe that your RE is worth 2.5 million $ but fetches a rent of only 2%. Such low rents occur in cities like London UK for very high priced RE that is owned by nonresident foreigners. For them any rent is better than keeping the apartment unoccupied for a very long time. So, what is the cause ...
by msk
Tue Mar 12, 2019 4:01 am
Forum: Personal Finance (Not Investing)
Topic: Anyone leaving behind a scholarship fund?
Replies: 63
Views: 3848

Re: Anyone leaving behind a scholarship fund?

So, through the generations, many rich folks within my family donated their wealth to the clan association. Then, the clan association provided merit scholarship to folks with the same family name and donated money to various charities within the local communities. LoL. I attempted setting up a sim...
by msk
Wed Mar 06, 2019 7:21 am
Forum: Personal Investments
Topic: portfolio for a 4% plus return
Replies: 35
Views: 3229

Re: portfolio for a 4% plus return

Sense of security is very subjective. With some homework you should be able to find 4 year junk bonds that pay 4%. It is also true that some countries' bonds are classified as junk. But they do carry a sovereign guarantee and are or have been issued in USD. Would such bonds be "secure" enough for th...
by msk
Wed Mar 06, 2019 2:53 am
Forum: Non-US Investing
Topic: Does the US vs non-US market cap make sense?
Replies: 26
Views: 1663

Re: Does the US vs non-US market cap make sense?

I was busy investing in stocks during the 1980s. It's actually quite amusing to compare how the market (all of us investors) viewed Japan then to how we view the US tech these days. Sony was strong then and looked as unassailable as any one of today's major tech stocks. Of course things gradually ge...
by msk
Tue Mar 05, 2019 3:48 am
Forum: Non-US Investing
Topic: Does the US vs non-US market cap make sense?
Replies: 26
Views: 1663

Re: Does the US vs non-US market cap make sense?

Of course it's nonsensical. But it's for similar reasons that many BHs missed out on the rise and rise of tech stocks. Even Buffett could not fathom the true value of super high P/E of tech stocks. When the market next collapses we will all appreciate the folly and/or nonsense embedded in current va...
by msk
Tue Mar 05, 2019 1:47 am
Forum: Personal Finance (Not Investing)
Topic: How long have you gone without a raise?
Replies: 75
Views: 5556

Re: How long have you gone without a raise?

OP is a CPA. Is the company dying? Do you really want to be one of the last remaining few at Kodak? If the company is not dying, then please note that the reason you are not getting a raise is because the company does not value your services much and feel that it would be easy to either replace you ...
by msk
Tue Mar 05, 2019 1:26 am
Forum: Non-US Investing
Topic: International investing [Resident Indian]
Replies: 7
Views: 517

Re: International investing [Resident Indian]

We all feel quite secure most of the time with our diversified ETFs. I used to own QQQ (=Nasdaq 100). Then came the dotcom fiasco. Lost 60% in a few days. Do not get too comfortable! Fiascos will ALWAYS happen. Luckily at that time I also owned SPY(=SP500) and Berkshire Hathaway. But then I also los...
by msk
Tue Mar 05, 2019 1:05 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford a more expensive home? And is it wise?
Replies: 35
Views: 2543

Re: Can we afford a more expensive home? And is it wise?

My sensible affordability rule for a home: 3x single income or 2.5x combined income A 400k home seems to be entering splurge or hobby territory and beyond sensible affordability. My advice to those wishing to stay within "sensible" territory is to stay put in the initial home purchased until mortgag...