Search found 8353 matches

by Sandtrap
Mon Nov 11, 2019 6:30 pm
Forum: Personal Investments
Topic: New Construction Home Purchase
Replies: 17
Views: 1099

Re: New Construction Home Purchase

Dear Friends, My husband and I are looking to move to Texas some time early next year. After some 30 years in our current home we have built up a substantial amount of equity. We have visited the area in San Antonio a number of times and are currently working with a new builder in a planned communi...
by Sandtrap
Mon Nov 11, 2019 9:28 am
Forum: Personal Investments
Topic: Asset Allocation for larger portfolio
Replies: 29
Views: 1849

Re: Asset Allocation for larger portfolio

Good day, we are a retired couple (57, 53 yrs) with a 3 fund portfolio currently allocated to VTI 31%, VXUS 9%, BND incl. cash reserve 60%. Our withdrawal rate is about 3% p.a. and covers all household expenses (no pension, SS). Even at current elevated market levels our allocation to stocks appear...
by Sandtrap
Sun Nov 10, 2019 4:12 pm
Forum: Investing - Theory, News & General
Topic: If you were forced to pick an alternative asset...
Replies: 81
Views: 4475

Re: If you were forced to pick an alternative asset...

OP: question.
2.5% that you mention. How much $$$$ is that in numbers?

Myself: on topic.
Commercial Real Estate Property sub leasing
RV Park
City centrally located "self storage" cubes
Food court development
Real Estate: creative "flipping".

j :happy
by Sandtrap
Thu Nov 07, 2019 9:23 am
Forum: Personal Consumer Issues
Topic: Anyone with experience in commercial construction?
Replies: 16
Views: 1336

Re: Anyone with experience in commercial construction?

In addition to the already excellent input: How much is the property selling for? Financed? After purchase. . . .how much do you have to invest in the build out? Will a construction loan be required? What is the maximum amount that can be loaned? After build out . . . how much do you have to sustai...
by Sandtrap
Wed Nov 06, 2019 9:53 am
Forum: Personal Investments
Topic: What's the Best Investment in Your Opinion?
Replies: 23
Views: 2307

Re: What's the Best Investment in Your Opinion?

Hi guys, I need to make a decision as to what investment to park my money in. I want to invest $80,000. I'm in my late 40s, not currently working, have no wife or kids, great health-wise. Dont know if I should invest in my bank with their mutual fund offerings or vanguard. Let me know what you guys...
by Sandtrap
Wed Nov 06, 2019 9:41 am
Forum: Personal Consumer Issues
Topic: Anyone with experience in commercial construction?
Replies: 16
Views: 1336

Re: Anyone with experience in commercial construction?

In addition to the already excellent input: How much is the property selling for? Financed? After purchase. . . .how much do you have to invest in the build out? Will a construction loan be required? What is the maximum amount that can be loaned? After build out . . . how much do you have to sustain...
by Sandtrap
Tue Nov 05, 2019 9:56 am
Forum: Personal Consumer Issues
Topic: Neighbor Wants to Build ATV Trail Through Our Property - How to say no while preserving the peace.
Replies: 29
Views: 1890

Re: Neighbor Wants to Build ATV Trail Through Our Property - How to say no while preserving the peace.

if you gave permission and the kid killed himself on his atv on your property.... that is reason enough. Tell them your insurance agent said this wouldn't be allowed without additional coverage. +1 Great idea. Although. . . . The potential "loophole" here is that the neighbor might offer to pay for...
by Sandtrap
Tue Nov 05, 2019 9:49 am
Forum: Personal Investments
Topic: Property sale investment
Replies: 3
Views: 416

Re: Property sale investment

Hi - I will be getting an amount of abt few thousand dollars from the sale of a property and would like to know what would be a good investment for such amount. I am financially stable and in a position to take risks at this time with this money. I was thinking of keeping this property for sometime...
by Sandtrap
Mon Nov 04, 2019 8:13 am
Forum: Personal Finance (Not Investing)
Topic: will or living revocable trust
Replies: 15
Views: 1182

Re: will or living revokable trust

I'm married, no children and we are trying to get our financial documents in order and not sure what we need. The house is in my name only, I do not have the deed (it was never sent to me when I paid off the mortgage). If I died, I need to make sure my spouse gets the house. Do we need a will or a ...
by Sandtrap
Tue Oct 29, 2019 2:55 pm
Forum: Personal Consumer Issues
Topic: Furnace air filters
Replies: 37
Views: 2895

Re: Furnace air filters

What air filters you use for your furnaces? My contractor told me to stop purchasing these expensive ones from Costco (around $15 a piece), go get some of these cheapest ones from Homedepot. it all depends on you system. This is often recommended because the expensive ones can greatly reduce the ai...
by Sandtrap
Tue Oct 29, 2019 9:48 am
Forum: Personal Finance (Not Investing)
Topic: bipolar/alcoholic/broke/jail time - how to move forward financially?
Replies: 37
Views: 4493

Re: bipolar/alcoholic/broke/jail time - how to move forward financially?

Does he want to quit drinking (and other addictions) enough to go to AA, etc, and commit to "real" change? Does he want to go to therapy, etc, for the bipolar issues? Without these, nothing will happen and behavior will repeat. And, no amount of financial advice or strategy will help. Self destructi...
by Sandtrap
Fri Oct 25, 2019 10:23 am
Forum: Personal Investments
Topic: need your wise advice about what to do next in my life
Replies: 24
Views: 3144

Re: need your wise advice about what to do next in my life

hello everyone. I am 31 years old, about to turn 32 and have about 100K saved up. I have two airbnb and another house, which is being rented month to month. my passive income is about 12K per month and i also have a career, but i don't see myself still working at this job in 3-4 years, it just isnt...
by Sandtrap
Fri Oct 25, 2019 9:47 am
Forum: Personal Consumer Issues
Topic: Anybody use a battery-powered snowblower?
Replies: 33
Views: 1766

Re: Anybody use a battery-powered snowblower?

Record 30" of snow last winter in Prescott.
John Deere tractor worked well for snow clearing.
300 yard driveway. :shock:

j :happy
by Sandtrap
Thu Oct 24, 2019 4:40 pm
Forum: Personal Consumer Issues
Topic: How to Know if an Old House is Reasonably Beyond Repair
Replies: 30
Views: 2405

Re: How to Know if an Old House is Reasonably Beyond Repair

OP: some responses to the responses would be helpful.

Also, more information as requested by some.

j :happy
by Sandtrap
Wed Oct 23, 2019 5:27 pm
Forum: Personal Consumer Issues
Topic: Cost of my medicare drug plan is doubling
Replies: 24
Views: 2081

Re: Cost of my medicare drug plan is doubling

Also doubled for DW and I.
Shopped around. Switched from Humana To Aetna. Same coverage, 1/3 the price.

j
by Sandtrap
Wed Oct 23, 2019 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Do you plan to actually spend down your portfolio?
Replies: 104
Views: 9705

Re: Do you plan to actually spend down your portfolio?

Many retirement calculators or rules usually assume that a retiree will spend down their money at end of the presumed life. A success is that you have more than zero dollar at the end of your modeling years, be it 30 years or 40 years. Yet we see here again and again statements (from retirees) like...
by Sandtrap
Wed Oct 23, 2019 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Do you plan to actually spend down your portfolio?
Replies: 104
Views: 9705

Re: Do you plan to actually spend down your portfolio?

I have a legacy goal, so I do not intend to spend down my entire portfolio, just a substantial portion. I treat the legacy portion as a separate “bucket”, if you will. So in reality I do intend to spend down my entire “living expense” portfolio. The legacy portion also provides a safety margin for ...
by Sandtrap
Wed Oct 23, 2019 10:43 am
Forum: Personal Consumer Issues
Topic: Possible Structural Issues in a House
Replies: 21
Views: 1637

Re: Possible Structural Issues in a House

The house may have settled over time and is now fairly stable. Everything has settled in place. Sometimes more problems are created trying to "correct" what has happened and the best course is caulk and paint the wall cracks and live with the floor. The more important issue is if the house is contin...
by Sandtrap
Tue Oct 22, 2019 9:27 am
Forum: Personal Investments
Topic: New Investor with an Inheritance
Replies: 15
Views: 2162

Re: New Investor with an Inheritance

Simplify as much as possible, but not more. Vanguard target date fund of your choice for all of it. The end. +1 Given a period of life where you need to focus 1000% on your career, put as much of your finances on autopilot as you can. Vanguard Target Date Fund or Vanguard Life Strategy Fund Avoid f...
by Sandtrap
Sun Oct 20, 2019 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: For those who are FI: At what point did you begin to relax?
Replies: 76
Views: 10156

Re: For those who are FI: At what point did you begin to relax?

Fear and anxiety can be a good thing If they keep away complacencies, over confidence, lethargy, and sloth.
Especially sloths.
J🏝
by Sandtrap
Sun Oct 20, 2019 1:59 pm
Forum: Personal Investments
Topic: Daughters $500K of cash
Replies: 13
Views: 2263

Re: Daughters $500K of cash

Depending on the size of the marital estate, spouse income, and duration of litigation (especially duration until settlement and all dispersals complete), lawyer's fees may be substantial and ongoing. In this aspect, $500k may not be much at all.

j :happy
by Sandtrap
Sun Oct 20, 2019 9:26 am
Forum: Personal Investments
Topic: How much to hold in cash?
Replies: 54
Views: 8042

Re: How much to hold in cash?

The answer for us is how much do we spend each year times five. We hold apprx 5 years of average cost of living for us in a mix of savings, laddered CDs, and short term bond funds that lately (last 12-18 months) have earned apprx 2.5%. This is a relatively small portion of the portfolio so it does ...
by Sandtrap
Sun Oct 20, 2019 9:24 am
Forum: Personal Consumer Issues
Topic: Wallets [Do you carry a wallet?]
Replies: 102
Views: 8146

Re: Wallets [Do you carry a wallet?]

stoptothink wrote:
Sun Oct 20, 2019 8:50 am
I always have my backpack with me (if not on my back, then within a close distance), primarily because I don't eat out and I have food with me at all times, so I've never even considered ditching a wallet.
Good plan.
I like your setup.
j :D
by Sandtrap
Sun Oct 20, 2019 9:23 am
Forum: Personal Consumer Issues
Topic: Wallets [Do you carry a wallet?]
Replies: 102
Views: 8146

Re: Wallets [Do you carry a wallet?]

Don't like things in my pockets.
Thus: Mini EMS waist pack for the past 35+ years.
Spare house and car keys.
Cash n cards: wallet (nylon trifold w velcro)
Other stuff
by Sandtrap
Sat Oct 19, 2019 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Financing house + construction?
Replies: 3
Views: 419

Re: Financing house + construction?

For those without the resources to pay 200k cash for the construction project, then there's no alternative but to finance it. There are a variety of ways to do this depending on one's financial situation. Suggestions might fit "you" better if you provide a little more information by editing your or...
by Sandtrap
Sat Oct 19, 2019 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Homebuyer wants me to do a 1031 exchange. Um, what?
Replies: 81
Views: 8470

Re: Homebuyer wants me to do a 1031 exchange. Um, what?

I'm selling a home. It's under contract and we are supposed to close in about a week. Today the buyer said he wants me to sign an "Exchange Addendum" which states that he intends to purchase the home as structured under Section 1031 of the Internal Revenue Code. Even after some googling, I don't re...
by Sandtrap
Sat Oct 19, 2019 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Financing house + construction?
Replies: 3
Views: 419

Re: Financing house + construction?

We are looking into purchasing a house for about 500k and would need to complete an addition + kitchen/bathroom renovations which would likely be in ballpark of 150-200k range. Our budget is 800k so we’ve decided to purchase on lower end and complete updates/construction. I would likely put 20% dow...
by Sandtrap
Fri Oct 18, 2019 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Legacy/Inheritance
Replies: 61
Views: 6598

Re: Legacy/Inheritance

1. When to reveal? 2. When and how much to give them? 3. When to give them any control over their trusts? 4. How to invest the funds. Everyone is different in these things as far as experience, children, size of estate, family dynamics. Opinions and reactions to suggestions are across the board. Fo...
by Sandtrap
Thu Oct 17, 2019 9:16 am
Forum: Personal Consumer Issues
Topic: Good camera system to watch the nanny
Replies: 70
Views: 4417

Re: Good camera system to watch the babysitter

We use an Arlo system in MIL's home to monitor activity. She is on 24 hour home care/medical/etc. It has worked very well. Examples: garage door left open overnight and freezing temps outside, delivery left box on front porch but caregivers did not take it inside, and so forth. https://smile.amazon....
by Sandtrap
Tue Oct 15, 2019 10:01 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4792
Views: 1244531

Re: What Movie Have You Recently Watched?

Green Book DW and I enjoyed this movie. Wonderfully done. Thoughtful. j :happy *Based on a true story. Synopsis: Dr Don Shirley is a world-class African-American pianist, who is about to embark on a concert tour in the Deep South in 1962. In need of a driver and protection, Shirley recruits Tony Lip...
by Sandtrap
Tue Oct 15, 2019 9:59 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4792
Views: 1244531

Re: What Movie Have You Recently Watched?

John Wick 3

DW and I "endured" watching this to the end.
Video Game fans might enjoy the style of filming and thin plot line, and non stop action. (like watching a video game).
Movie fans might not.
by Sandtrap
Tue Oct 15, 2019 9:57 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4792
Views: 1244531

Re: What Movie Have You Recently Watched?

bloom2708 wrote:
Tue Oct 15, 2019 9:53 am
El Camino (Netflix).

Continues "Breaking Bad" and tells what happened to Jessie Pinkman after the final episode of BB.

Well worth it for BB fans.
Just found out about this movie.
DW and I planning to watch it this week.
j :happy
by Sandtrap
Mon Oct 14, 2019 9:43 am
Forum: Investing - Theory, News & General
Topic: REITs or investment property?
Replies: 70
Views: 5018

Re: REITs or investment property?

What do you all think of owning REITs versus rental property that you hold yourself? Are they fiscally equivalent? Are the benefits of a corporate structure around property worth the hassle? First: 1. What types of physical rental properties are you interested in? 2. How much can you afford to buy?...
by Sandtrap
Sun Oct 13, 2019 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Home Inspector vs Independent Contractors
Replies: 9
Views: 742

Re: Home Inspector vs Independent Contractors

I have run into some pretty "flakey" "certified home inspectors", some highly recommended by realtors/brokers. One was so bad that when he turned on the main water supply line to check for leaks, went from bathroom to bathroom to kitchen, oblivious that the basement was flooding (it was loud). In so...
by Sandtrap
Sat Oct 12, 2019 6:26 pm
Forum: Personal Consumer Issues
Topic: What workout equipment to get?
Replies: 63
Views: 4658

Re: What workout equipment to get?

Looking to get more exercise at home but all of the equipment seems to be so costly. Ideally looking for one piece of cardio and one piece for strength training that can hit a variety of muscle groups. Any recommendations? Brands that are worth the price? Age Physical condition (limitations) Ailmen...
by Sandtrap
Fri Oct 11, 2019 9:20 pm
Forum: Investing - Theory, News & General
Topic: Anyone buying PG&E stock?
Replies: 60
Views: 5204

Re: Anyone buying PG&E stock?

A senior supervisor at P G & E told me that it was a good time to buy when bankruptcy was underway and shares dropped to $6.24. He said he bought about 100k worth of it. Shortly thereafter it rose to $24/share or so. He told me, "see, look how much I'm making." He's also at Edward Jones and says the...
by Sandtrap
Thu Oct 10, 2019 8:56 am
Forum: Investing - Theory, News & General
Topic: When to start investing
Replies: 8
Views: 509

Re: When to start investing

1 What is an appropriate amount to have stored away in order to start investing? 2 Should I let the amount of money in my bank determine what stocks to pursue 3 or pursue stocks that I feel will do better in the long run? 4 (When to start investing)? 1 Whatever amount you can afford to put away for...
by Sandtrap
Thu Oct 10, 2019 8:49 am
Forum: Personal Investments
Topic: Diversify my portfolio further with factors and sectors
Replies: 71
Views: 3696

Re: Diversify my portfolio further with factors and sectors

Consider:
REIT Index Fund(s) at up to 10% of equities.
(search past threads on REIT correlation to equities, lot's on this. At any one time .31 to .68?)

Diversification of "fixed" as well.
IE: Investment Grade Bond Funds, etc.

j :happy
by Sandtrap
Wed Oct 09, 2019 9:20 am
Forum: Personal Consumer Issues
Topic: When to put on new roof?
Replies: 34
Views: 2801

Re: When to put on new roof?

We will soon need to replace the roof on our house (almost 40 years since we did the current roof). With, probably, a degree of flexibility, are there better times/seasons to do this? The two (probably equal to me) considerations I can think of are: 1. Getting a lower price to have the work done - ...
by Sandtrap
Tue Oct 08, 2019 3:39 pm
Forum: Personal Consumer Issues
Topic: Help Me Decide on a New Vehicle?
Replies: 63
Views: 4845

Re: Help Me Decide on a New Vehicle?

I'm currently driving a 2013 Toyota RAV4 and it's still in great shape with low mileage. I've considered it my grocery-getter and weekend vehicle, but my lifestyle is about to change. I'll be retiring, so no more commuting (even though my commute is very short) and a lot more road trips...some invo...
by Sandtrap
Tue Oct 08, 2019 11:12 am
Forum: Personal Finance (Not Investing)
Topic: What are your personal experiences with downside of early retirement?
Replies: 95
Views: 17588

Re: What are your personal experiences with downside of early retirement?

1 limited and/or difficult employment.
2 expensive medical coverage until Medicare.
3 life transition expenses

J🏝
by Sandtrap
Tue Oct 08, 2019 8:53 am
Forum: Personal Consumer Issues
Topic: Question on a concrete driveway
Replies: 15
Views: 1612

Re: Question on a concrete driveway

Solid base, compacted gravel, etc.
Rebar into surrounding concrete so it's not a seperate piece and integrates with existing slab structurally.
Concrete wire.
Fibercrete additive.
Bonding agent (like glue) to existing slab surface.
Pour and finish.

j
by Sandtrap
Tue Oct 08, 2019 8:49 am
Forum: Personal Consumer Issues
Topic: Multiple Large Home Improvement Project Estimates
Replies: 11
Views: 1500

Re: Multiple Large Home Improvement Project Estimates

I live in a HCOL and want to seek estimates for foundation repairs (few piers, minor leveling), new roof, rehab exterior and upgrade the electric panel. What I usually do for estimate requests is write-up a detailed list of items I want addressed in their estimate and give it to them at our first m...
by Sandtrap
Tue Oct 08, 2019 8:46 am
Forum: Personal Consumer Issues
Topic: Keeping fleas out of the house
Replies: 21
Views: 1429

Re: Keeping fleas out of the house

The last time I had pets was over 30 years ago. Apparently, as several of you have said, flea control has come a long way since then. I did have flea problems 30 years ago, but it looks like I don't have to worry about that today. Yes. Flea control has come a very long way. But, one thing is consis...
by Sandtrap
Tue Oct 08, 2019 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Controlling Discretionary Spending
Replies: 44
Views: 3078

Re: Controlling Discretionary Spending

Our entire portfolio is for discretionary spending.
Some things more than others. :shock:

Solution:

Discipline + (attitude and approach over logistics)
Prioritize
Compartmentalize

j :happy
by Sandtrap
Mon Oct 07, 2019 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Should I sell or hold [house]?
Replies: 31
Views: 2847

Re: Should I sell or hold [house]?

Should I sell one house that currently earns $600 a month in revenue to pay off another house I'm currently living in, and have $50k in case left over? Yes. Consolidate. Simplify. Reduce debt. Doing this improves your financial stability. Avoid distance rentals. (in general, YMMV, everyone's differ...
by Sandtrap
Mon Oct 07, 2019 8:50 am
Forum: Personal Consumer Issues
Topic: Buying a house with in slab copper piping
Replies: 34
Views: 4017

Re: Buying a house with in slab copper piping

The issue is that the copper pipes seem to be cast in the slab bare with no sleeves. In the decades after the 60s people started wrapping the pipes in sleeves, then transitioned to plastic pipes in concrete. Thanks for all the replies. We're leaning toward option 3 right now. Hope it works out for ...
by Sandtrap
Sun Oct 06, 2019 9:51 pm
Forum: Personal Consumer Issues
Topic: Buying a house with in slab copper piping
Replies: 34
Views: 4017

Re: Buying a house with in slab copper piping

#3
I have seen and worked with commercial and residential properties with copper lines in the slab, block walls, etc, that have not had problems for many years. Some buildings were quite dated.
You may not have problems, ever.
But. . . then again. . .

j
by Sandtrap
Sun Oct 06, 2019 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Psychologically adverse to start drawing down in retirement
Replies: 82
Views: 8166

Re: Psychologically adverse to start drawing down in retirement

Unlike many here, DW and I have no pensions, no 401k's, no IRA's, no RMD's, etc.
So, our "portfolio" is our pension.
We feel the same way.
We understand the concepts and theory and have a long term plan.
But, nonetheless, the "feeling" is the same.

You are not alone.
j
by Sandtrap
Sat Oct 05, 2019 10:27 pm
Forum: Personal Consumer Issues
Topic: Buying Home with Aging Parent in Mind?
Replies: 13
Views: 1448

Re: Buying Home with Aging Parent in Mind?

Seems you are asking whether or not your new home should be bought with the intent of having your father live with you, versus what type of features said home should have. If the latter, I expect a good Google search would provide information on features needed beyond what we could guess at, includ...