Search found 1714 matches

by FIREchief
Sun Feb 18, 2018 1:51 am
Forum: Investing - Theory, News & General
Topic: Chillin' in the BH Lounge
Replies: 23
Views: 2546

Re: Chillin' in the BH Lounge

In before the lock! That's a winner.
Have you read the current thread about free steak dinner??
Free Filet Mignon...mmm, so tasty.
Shredding that invite? Don't be too hasty! 8-)
by FIREchief
Sun Feb 18, 2018 1:46 am
Forum: Investing - Theory, News & General
Topic: I think US interest rates could drop.
Replies: 62
Views: 6377

Re: I think US interest rates could drop.

I thought interest rates primarily depend on inflation??? The problem is that "US interest rates" is too vague a term and can mean both nominal and real rates. In fact in the past few weeks we have seen a substantial rise in real (i.e. after inflation) rates. For concreteness, using 10-year nominal...
by FIREchief
Sat Feb 17, 2018 11:15 pm
Forum: Investing - Help with Personal Investments
Topic: Possible messy Roth recharacterization on the horizon
Replies: 7
Views: 459

Re: Possible messy Roth recharacterization on the horizon

He's talking about recharacterizing a current year contribution, not a conversion. I don't believe the tax bill changed those rules. OP: I wouldn't be too concerned about contributing to a Roth with 22% bracket money. Your situation may be unusual, but a few bucks going into a Roth that you've paid ...
by FIREchief
Sat Feb 17, 2018 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 223
Views: 13768

Re: free dinner investing seminar

I just got an invitation to a free dinner seminar for a dentist. From the mailing he’s an implant dentist and also does crowns and orthodontist work. Except for what he does, the mailing looked much like the ones I get from annuity salespersons and occasionally from living trust salespersons. Don't...
by FIREchief
Sat Feb 17, 2018 12:33 am
Forum: Personal Finance (Not Investing)
Topic: Open ended loan to a friend (promissory note question)
Replies: 2
Views: 329

Re: Open ended loan to a friend (promissory note question)

There may be some tax implications for both you and your friend. Depending upon how the note is written, and if there is a interest rate and how much that is, the IRS may consider these gifts or loans. If gifts, and they are below the annual threshold, then the IRS won't care about it. If it is a lo...
by FIREchief
Fri Feb 16, 2018 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 223
Views: 13768

Re: free dinner investing seminar

I find it quite remarkable that there are 5 pages of discussion on free meals, while on a different thread, many Bogleheads state thousands of dollars of new tax cuts are meaningless in their lives. I enjoy my tax cuts even more than my free meals!! :sharebeer (but I still really enjoy the instant ...
by FIREchief
Fri Feb 16, 2018 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 223
Views: 13768

Re: free dinner investing seminar

... This pitch was "retirement planning" (really just financial planning). ... The didn't indicate specific fees, but I'm guessing that it would be a typical x% of AUM and their commissions on any insurance products. ... I wouldn't expect them to announce their fees and costs without being asked. D...
by FIREchief
Fri Feb 16, 2018 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: I'm Cancelling My Home Insurance
Replies: 132
Views: 7601

Re: I'm Cancelling My Home Insurance

The market always recovers on its own. A burned down house never recovers on its own. I think there's a fallacy in this line of thinking. Every day when you don't sell your portfolio you're re-buying it. Money is money. If you lose $120K because of a 12% decline in stocks or because your $120K hous...
by FIREchief
Fri Feb 16, 2018 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: I'm Cancelling My Home Insurance
Replies: 132
Views: 7601

Re: I'm Cancelling My Home Insurance

The market always recovers on its own. A burned down house never recovers on its own.
by FIREchief
Fri Feb 16, 2018 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: I'm Cancelling My Home Insurance
Replies: 132
Views: 7601

Re: I'm Cancelling My Home Insurance

I will recommend asking your insurance agent how much cheaper your homeowners would be if you chose the highest deductible available. Going from $500 to $5000 can cut the cost almost in half.
by FIREchief
Thu Feb 15, 2018 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 223
Views: 13768

Re: free dinner investing seminar

Thanks for the update Scrapr!! I just got back from one as well. Again, starting with the most important. We both had steak and shrimp and it was delicious. Choice of beverage upon seating. Dessert consisted of a nice Brownie ala mode. I'm not really a dessert person, but ate about half anyway. This...
by FIREchief
Wed Feb 14, 2018 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 223
Views: 13768

Re: free dinner investing seminar

I just skimmed the thread but one thing to watch out for is that one of the early signs of dementia can be making poor financial choices. This can happen before long before your family sees and can try to intervene. You could very well go to these free dinners for ten or more years and easily say n...
by FIREchief
Wed Feb 14, 2018 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 223
Views: 13768

Re: free dinner investing seminar

If your friend decides to go, I suggest setting up a throwaway email account and making up a false phone number when he fills out the participant registration form. He will be contacted to set up an appointment if they don't get him to do so at the seminar. When you say "He will be contacted to set...
by FIREchief
Wed Feb 14, 2018 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: C-Suite etiquette advise needed
Replies: 27
Views: 3601

Re: C-Suite etiquette advise needed

Lots of people don't drink. I have had only one instance where a restaurant had a problem with serving me something else. They actually did not want to give me water??!! That's really funny. Likely the venue was being paid something like $15 per glass of wine and they had a profit motive. When I wa...
by FIREchief
Wed Feb 14, 2018 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 223
Views: 13768

Re: free dinner investing seminar

I just skimmed the thread but one thing to watch out for is that one of the early signs of dementia can be making poor financial choices. This can happen before long before your family sees and can try to intervene. You could very well go to these free dinners for ten or more years and easily say n...
by FIREchief
Wed Feb 14, 2018 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 223
Views: 13768

Re: free dinner investing seminar

There are venues where legitimate experts give talks on a wide variety of topics. Some are free, others available for a small price. My alma mater, and many of the other colleges in town, has at least two types of regular speaker series. One is professors at other universities who come to campus an...
by FIREchief
Wed Feb 14, 2018 4:07 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5576
Views: 1261583

Re: U.S. stocks in freefall

News flash!! As measured by VTI, total US market is now back in the black for 2018 (up 0.8% from Dec 29 close). So much for the bloodbath. 8-)
by FIREchief
Tue Feb 13, 2018 5:22 pm
Forum: Investing - Theory, News & General
Topic: 30 yr tips auction 2/15: 1.0% yield?
Replies: 72
Views: 5794

Re: 30 yr tips auction 2/15: 1.0% yield?

Initial auctions are pretty straightforward. Reopenings can get a bit trickier if rates have dropped since the initial offering. In that case, the initial coupon will remain, but you'll pay a premium for the "now higher than market" coupon. A similar situation occurred when five year TIPS were aucti...
by FIREchief
Tue Feb 13, 2018 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: Did you learn anything from the market correction?
Replies: 155
Views: 10224

Re: Did you learn anything from the market correction?

I learned absolutely nothing. I was 100% equities through decades of accumulation. I eschewed common advice and did the opposite of "don't peek." I stared the beast in the eyes and shrugged it off. I learned the good, the bad and ugly of equity investing and ultimately concluded that "all is well th...
by FIREchief
Tue Feb 13, 2018 4:14 pm
Forum: Investing - Theory, News & General
Topic: 30 yr tips auction 2/15: 1.0% yield?
Replies: 72
Views: 5794

Re: 30 yr tips auction 2/15: 1.0% yield?

If you are planning to participate in the auction this Thursday you may want a sense of how much each $1000 tips bond could cost. For example if you are cutting it close with the amount of cash you have. My belief is that the max cost per $1,000 bond at This auction would be $1,000.36. How did I ge...
by FIREchief
Tue Feb 13, 2018 10:53 am
Forum: Investing - Theory, News & General
Topic: 30 yr tips auction 2/15: 1.0% yield?
Replies: 72
Views: 5794

Re: 30 yr tips auction 2/15: 1.0% yield?

Doc wrote:
Tue Feb 13, 2018 8:26 am
Re: 30's not available. Secondary market folks. :wink:
Thanks. I still use auctions quite a bit, but the secondary market is easy, quick and cheap. :sharebeer
by FIREchief
Mon Feb 12, 2018 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: What criteria warrants a need for Living Revocable Trust?
Replies: 67
Views: 6128

Re: What criteria warrants a need for Living Revocable Trust?

I agree that revocable trusts often address lifetime incapacity better than powers of attorney. However, tax-deferred assets such as 401(k)s and IRAs cannot be transferred to a trust without triggering income taxation on the pre-tax amounts and losing all future tax deferral. So if the bulk of your...
by FIREchief
Mon Feb 12, 2018 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 223
Views: 13768

Re: free dinner investing seminar

buccimane wrote:
Mon Feb 12, 2018 2:27 pm
Firechief,

Do these invitations specify that you cannot bring a guest under 55? Asking for a friend.. :sharebeer
I haven't read the fine print all that closely, although I recall 40 being mentioned as a minimum age.
by FIREchief
Mon Feb 12, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: What criteria warrants a need for Living Revocable Trust?
Replies: 67
Views: 6128

Re: What criteria warrants a need for Living Revocable Trust?

Kind of a different subject. I may or may not be guilty of this. We do have RLT. Really the big potential asset would be the life insurance, and that is named in RLT. Also, home is in RLT (which has some minor downsides). Most of our assets are in retirement accounts and are not in trust (nor shoul...
by FIREchief
Mon Feb 12, 2018 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 223
Views: 13768

Re: free dinner investing seminar

Be prepared to get a cheap, overcooked chicken dinner followed by at least a hundred follow up phone calls. I got a delicious Filet Mignon steak dinner at a high end steak house ten minutes from my house. I never received any follow up phone calls. Sounds like you just picked the wrong one to atten...
by FIREchief
Sun Feb 11, 2018 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: What criteria warrants a need for Living Revocable Trust?
Replies: 67
Views: 6128

Re: What criteria warrants a need for Living Revocable Trust?

Would a potential benefit of a living trust be that it would allow potential “donors” to designate the trust directly as beneficiary and not have to worry about changing beneficiaries if the initial beneficiary dies? Presumably a property crafted trust lives in perpetuity and spells out exactly wha...
by FIREchief
Sun Feb 11, 2018 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: What criteria warrants a need for Living Revocable Trust?
Replies: 67
Views: 6128

Re: What criteria warrants a need for Living Revocable Trust?

Note that a trust can also die (be terminated), so you still have to pay a certain amount of attention over long periods of time if you designate somebody else's trust as a beneficiary. I would never designate somebody else's trust as a beneficiary. I would instead designate my own trust and let th...
by FIREchief
Sun Feb 11, 2018 7:38 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5576
Views: 1261583

Re: U.S. stocks in freefall

Well, aren't you guys a couple of party poopers.... :D
by FIREchief
Sun Feb 11, 2018 7:19 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5576
Views: 1261583

Re: U.S. stocks in freefall

Using VTI as a gauge, the total US market is now down a whopping 2.2% for the year. Where do we go from here? I'm kind of hoping that the bearishness returns this week and drives another 5% to 10% out of the market. If that happens, I'm considering additional Roth conversions into the next tax brack...
by FIREchief
Sun Feb 11, 2018 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: What criteria warrants a need for Living Revocable Trust?
Replies: 67
Views: 6128

Re: What criteria warrants a need for Living Revocable Trust?

Would a potential benefit of a living trust be that it would allow potential “donors” to designate the trust directly as beneficiary and not have to worry about changing beneficiaries if the initial beneficiary dies? Presumably a property crafted trust lives in perpetuity and spells out exactly wha...
by FIREchief
Sun Feb 11, 2018 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 223
Views: 13768

Re: free dinner investing seminar

A restaurant meal is not just food. You really go to a reataurant to have company of friends, a cook and someone to clean up. You would be there to listen to a pitch, not chat with friends. You are not really getting the restaurant meal value. Cook at home or take in from same restaurant and invite...
by FIREchief
Sun Feb 11, 2018 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 223
Views: 13768

Re: free dinner investing seminar

Having no interest in hearing a sales pitch while I am eating dinner with my spouse, I never considered this. Thinking it over, my obligations to behave honestly are not negated by dishonorable behavior by a counterparty. If I think someone is trying to cheat me the appropriate response is to avoid...
by FIREchief
Sun Feb 11, 2018 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 223
Views: 13768

Re: free dinner investing seminar

Having no interest in hearing a sales pitch while I am eating dinner with my spouse, I never considered this. Since you've mentioned this twice now, I feel compelled to clarify. The very nice meal I attended recently had the following agenda: a) Arrive fifteen minutes early and be seated. Waitress ...
by FIREchief
Sat Feb 10, 2018 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 223
Views: 13768

Re: free dinner investing seminar

... In another thread ... someone is recommending finding an estate planning lawyer through seminars. Not using the seminars for a few free dinners, mind you, but actually going to them as a strategy for finding a good attorney??!! A better method would probably be to select one at random out of al...
by FIREchief
Fri Feb 09, 2018 8:46 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5576
Views: 1261583

Re: U.S. stocks in freefall

Nothing has changed for me. I'll reallocate at the end of the quarter like I always do. My vanguard automatic investment is still buying and I'm still not worrying about it. It's super boring investing like a boglehead, but I prefer that to spending energy trying to time the market. I'm staying the...
by FIREchief
Fri Feb 09, 2018 3:14 pm
Forum: Investing - Theory, News & General
Topic: "The stock market is officially in a correction... here's what usually happens next"
Replies: 83
Views: 13108

Re: "The stock market is officially in a correction... here's what usually happens next"

When I first checked the market earlier today, we were officially OUT of the correction! woo hoo! Then I checked again and we were clearly back into a correction. boo hoo Then again, we were out again. Now we're back in and sinking..... Oh well, still 50 minutes to go. :sharebeer Maybe this is that ...
by FIREchief
Fri Feb 09, 2018 3:10 pm
Forum: Investing - Theory, News & General
Topic: "The stock market is officially in a correction... here's what usually happens next"
Replies: 83
Views: 13108

Re: "The stock market is officially in a correction... here's what usually happens next"

Okay, I'll admit it. I'm a market timer now. It started in 2009 when I went from 70/30 to 100% equities because they were cheap IMO. Stayed 100/0 until Oct 2017- went to 30/70 because equities are overpriced IMO. When my FB friends were posting their 401k statements online, I went to 20/80. I'll ge...
by FIREchief
Fri Feb 09, 2018 4:31 am
Forum: Investing - Theory, News & General
Topic: Does this strategy make sense in a falling market?
Replies: 19
Views: 2173

Re: Does this strategy make sense in a falling market?

Any strategy that is dependent on the market rising or falling doesn't sound like much of a strategy. A "good" strategy is one that you can stick with that will ultimately meet your long term requirements regardless of the pattern that the market takes to get you there. Nobody knows nothin.
by FIREchief
Fri Feb 09, 2018 2:25 am
Forum: Investing - Help with Personal Investments
Topic: Newbie/novice needs advice on what to do during correction
Replies: 17
Views: 1498

Re: Newbie/novice needs advice on what to do during correction

My suggestions: Stick with your current strategy. DCAing into a 60/40 investment throughout volatile periods is a great plan. So, basically, do nothing..... Except....if you're relatively new to all this, DO watch your balances every day or two so that you fully see what the market does in these tim...
by FIREchief
Fri Feb 09, 2018 2:10 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 223
Views: 13768

Re: free dinner investing seminar

I guess I am officially a plate licker. Do I get a badge or something? Nah. Just the free dinner and any bonus entertainment you may have picked up along the way. 8-) (Welcome to the BH Plate Licker Guild - we don't have any official titles, although I did hear somebody refer to me as chief-plateli...
by FIREchief
Fri Feb 09, 2018 2:02 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in Freefall
Replies: 162
Views: 16612

Re: Bitcoin in Freefall

I find this hard to believe, but apparently it's true. Some people, seeing in the last week that investing in stocks can be risky, have sold part or all of their equity positions and moved those funds to a safer asset, bitcoin. BobK LOL. It's just a matter of time. Only a matter of time before the ...
by FIREchief
Fri Feb 09, 2018 1:55 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 4 Horsemen Of Your Portfolio
Replies: 107
Views: 10144

Re: Larry Swedroe: 4 Horseman Of Your Portfolio

Considering how much planning and discipline is required to assemble an admirable retirement portfolio the SWR question itself is pretty strange: “What is the greatest amount of money I can spend annually before I face a reasonable chance I will go bankrupt when I’m old and die in poverty?” LOL, li...
by FIREchief
Thu Feb 08, 2018 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 223
Views: 13768

Re: free dinner investing seminar

Be prepared to get a cheap, overcooked chicken dinner followed by at least a hundred follow up phone calls. I got a delicious Filet Mignon steak dinner at a high end steak house ten minutes from my house. I never received any follow up phone calls. Sounds like you just picked the wrong one to atten...
by FIREchief
Thu Feb 08, 2018 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 223
Views: 13768

Re: free dinner investing seminar

If your friend goes, tell him/her this "He/she who is sold anything or buys anything, will pay for his dinner and that of everyone else in attendance plus pay for the salesman's new car parked outside". If that does not wake him/her up on why attending this "free dinner" is a bad idea, then you oug...
by FIREchief
Thu Feb 08, 2018 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 223
Views: 13768

Re: free dinner investing seminar

If your friend goes, tell him/her this "He/she who is sold anything or buys anything, will pay for his dinner and that of everyone else in attendance plus pay for the salesman's new car parked outside". If that does not wake him/her up on why attending this "free dinner" is a bad idea, then you oug...
by FIREchief
Thu Feb 08, 2018 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 223
Views: 13768

Re: free dinner investing seminar

Be prepared to get a cheap, overcooked chicken dinner followed by at least a hundred follow up phone calls. I got a delicious Filet Mignon steak dinner at a high end steak house ten minutes from my house. I never received any follow up phone calls. Sounds like you just picked the wrong one to attend.
by FIREchief
Thu Feb 08, 2018 4:41 pm
Forum: Investing - Theory, News & General
Topic: 30 yr tips auction 2/15: 1.0% yield?
Replies: 72
Views: 5794

Re: 30 yr tips auction 2/15: 1.0% yield?

On thursday february 15th the treasury will auction 30 year tips. Given that 29 year tips are currently trading on the secondary market at a real yield of 0.96% i'm hopeful that we might get to a 1.0% real yield at this auction. I am planning to participate and for a somewhat larger amount than usu...
by FIREchief
Thu Feb 08, 2018 4:39 pm
Forum: Investing - Theory, News & General
Topic: 30 yr tips auction 2/15: 1.0% yield?
Replies: 72
Views: 5794

Re: 30 yr tips auction 2/15: 1.0% yield?

Still can't fathom purchasing a 30-year bond unless I was confident both the return and cash flow offered by the bond is all I would need. Looking back 30 years and seeing where rates were, and looking back 30 years before that, I just think it's crazy for individuals to do it otherwise. Perhaps if...
by FIREchief
Thu Feb 08, 2018 3:06 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 223
Views: 13768

Re: free dinner investing seminar

Nah, you missed my whole point. Please continue to "inform readers" as much as you can. Never anything wrong with that. I will confess that I didn't understand that there was a science behind the sales pitch (however, no surprise). We're Bogleheads. I would wager that many of us have risen far abov...
by FIREchief
Thu Feb 08, 2018 2:08 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 223
Views: 13768

Re: free dinner investing seminar

Do they typically offer equally attractive vegetarian options? A “nice steak” won’t get me to a restaurant for a hour long sales pitch. :beer Can't really answer the first question, although it is highly likely that they do. Beyond that, if you're looking at it as a sales pitch, you're missing the ...