Search found 7437 matches

by Sandtrap
Thu Jul 18, 2019 4:27 pm
Forum: Personal Consumer Issues
Topic: Thoughts on starting a life advisor business?
Replies: 8
Views: 461

Re: Thoughts on starting a life advisor business?

I was thinking of starting a life advisor business. Kind of like a triage for personal financial issues such as: taxes, investing, insurance ( medical, auto, home etc ), law, real estate, consumer rights The idea would be to see me to get a general idea of something complex before deciding whether ...
by Sandtrap
Thu Jul 18, 2019 4:21 pm
Forum: Personal Investments
Topic: investment grade corporate bond funds fall in downturn?
Replies: 18
Views: 1742

Re: investment grade corporate bond funds fall in downturn?

As I near retirement I'm adjusting my AA to hold more bonds. I've read Ferri's book on asset allocation and he does mention that the credit risk is higher for investment grade corporate bonds that Treasuries. I understand how bond duration affects interest rate risk but what I'm unclear on is how t...
by Sandtrap
Thu Jul 18, 2019 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?
Replies: 42
Views: 2353

Re: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?

(irrespective of "net worth") IMHO: There is a far greater " wealth building potential " (WBP?) in a HCOL or UHCOL area than a LCOL area. A bad example would be, all things considered, there are greater opportunities to build substantial wealth over time in wealthy Scottsdale, Arizona than Skull Val...
by Sandtrap
Thu Jul 18, 2019 9:43 am
Forum: Personal Investments
Topic: Alternative investments to stock market
Replies: 9
Views: 574

Re: Alternative investments to stock market

I am curious today. I have some extra money (for investment, not spending) and would like to consider investing in alternatives to the stock market. I have yet to find one that strikes my fancy, but have considered a variety: - Buying a U-Haul truck / trailer/ etc - Commercial real estate - Purchas...
by Sandtrap
Thu Jul 18, 2019 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Explaining the magic of compound interest to teenagers
Replies: 58
Views: 1665

Re: Explaining the magic of compound interest to teenagers

My mom did this with pennies and loose change on the dinner table, the bed, the floor, the carpet in front of the TV that had tubes in it. She was a bank auditor/accountant and teaching us kids everything about finance and how money works was her priority. Depending on how many teenagers, pass out h...
by Sandtrap
Thu Jul 18, 2019 8:35 am
Forum: Personal Investments
Topic: Changing Target Date fund 2050 to 2065
Replies: 8
Views: 910

Re: Changing Target Date fund 2050 to 2065

Hello! 28 year old here. If I decide I want to stay more stocks/riskier for a longer period of my life, are there any obvious downfalls/penaltys to just changing my current 401K balance to a later target date fund? I just want to make sure I'm not missing anything before making this change of a dec...
by Sandtrap
Wed Jul 17, 2019 9:40 pm
Forum: Personal Investments
Topic: asset allocation anxiety
Replies: 27
Views: 1767

Re: asset allocation anxiety

OP: Take a look at these Vanguard Allocation Models: VANGUARD PORTFOLIO ALLOCATION MODELS https://personal.vanguard.com/us/insights/saving-investing/model-portfolio-allocations?lang=en Notice how there's not a huge amount of difference between allocations as a sub group. Relatively speaking, IE: bet...
by Sandtrap
Wed Jul 17, 2019 9:28 pm
Forum: Personal Investments
Topic: 83 y.o. widow requesting assistance with AA
Replies: 9
Views: 664

Re: 83 y.o. widow requesting assistance with AA

Don't forget about a stepped up basis for the assets. I believe joint property gets 50% stepped up basis. [NOTE: In community property states like California (NOT Maryland), joint property and community property gets 100% stepped up basis] This is my understanding, please verify Good points to also...
by Sandtrap
Wed Jul 17, 2019 9:03 pm
Forum: Personal Investments
Topic: 83 y.o. widow requesting assistance with AA
Replies: 9
Views: 664

Re: 83 y.o. widow requesting assistance with AA

Welcome. You've done a great job on the review format. Can you do a little "housekeeping" please. 1. Separate the funds according to if they are in an IRA, ROTH, etc (tax advantaged account) with that Heading. And then, the funds that are in a taxable space, put that in another bundle and label it a...
by Sandtrap
Wed Jul 17, 2019 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: How unpleasant is the home buying/selling experience??
Replies: 33
Views: 2314

Re: How unpleasant is the home buying/selling experience??

Option 2. Rent until it is affordable and within your means to do so. Buying temporarily or short term is often not a very good idea financially. Likely, you would be able to rent a far nicer home than you could afford to buy in the meantime. As far as whether the home buying/selling experience is "...
by Sandtrap
Wed Jul 17, 2019 5:32 pm
Forum: Personal Investments
Topic: Been reading/learning for some time. Joined recently. Hesitant to pull the trigger.
Replies: 17
Views: 1261

Re: Been reading/learning for some time. Joined recently. Hesitant to pull the trigger.

Questions: 1. How is my asset allocation? It seems vanguards ETF's have a lower fee now. Should I change? 2. Is it realistic to retire now with around 3 to 3.2% withdrawl rate? Any help is appreciated. It will certainly reduce my anxiety over it. I can go back to work part time or full time but I'd...
by Sandtrap
Wed Jul 17, 2019 2:34 pm
Forum: Personal Investments
Topic: What is your Re-balancing Trigger?
Replies: 28
Views: 1692

Re: What is your Re-balancing Trigger?

+- 5% either way.
by Sandtrap
Wed Jul 17, 2019 10:51 am
Forum: Personal Investments
Topic: Help for elderly neighbor
Replies: 20
Views: 1424

Re: Help for elderly neighbor

Her credit union is fine.
She feels safe with it.
She's not interested in learning or change (common).

If something happens you will be blamed.
She is your neighbor, not your sister.
Step back.
j
by Sandtrap
Wed Jul 17, 2019 9:00 am
Forum: Personal Consumer Issues
Topic: Lightweight, durable, laptop bag
Replies: 19
Views: 708

Re: Lightweight, durable, laptop bag

I use either a soft lined slip case for a Ipad, fits my MacBook Pro, or the smaller EVA shell laptop case, and then slip that into a Pacsafe Vibe anti-theft compact backpack. I went through a lot of test fits and returns to get this compact (carry-on) travel setup.

j
by Sandtrap
Wed Jul 17, 2019 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Tenant turned off all utilities advice please!!
Replies: 83
Views: 6801

Re: Tenant turned off all utilities advice please!!

It's situations like this that make me glad that I'm not a landlord. Oh heck yes... i remember the thread a few weeks ago, “why wouldn’t you want to be a landlord?” ... and many of us replied with situations like this... and OP was giving the Pikachu mouth wide open meme... What is this? j
by Sandtrap
Wed Jul 17, 2019 8:49 am
Forum: Personal Investments
Topic: Changing Target Date fund 2050 to 2065
Replies: 8
Views: 910

Re: Changing Target Date fund 2050 to 2065

Hello! 28 year old here. If I decide I want to stay more stocks/riskier for a longer period of my life, are there any obvious downfalls/penaltys to just changing my current 401K balance to a later target date fund? I just want to make sure I'm not missing anything before making this change of a dec...
by Sandtrap
Wed Jul 17, 2019 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Take the cash or the free dinner?
Replies: 61
Views: 4537

Re: Take the cash or the free dinner?

Free drinks, as much as you want. Hard stuff. Double shots. Friendly attractive people to keep you company. Lower your defenses. Ironically, these very factors can actually raise some people's defenses. I certainly appreciate and respect your point though. Very true. There are certain "types" of ba...
by Sandtrap
Wed Jul 17, 2019 8:36 am
Forum: Personal Investments
Topic: 2 to 4 fund YTD numbers from fellow Bogleheads.
Replies: 12
Views: 961

Re: 2 to 4 fund YTD numbers from fellow Bogleheads.

I have been a member of this forum for less than a month and am thrilled (obsessed) with the wealth of knowledge and the willingness for members to share information and help their fellow Bogleheads. I am very interested in the 2, 3 and 4 fund portfolio and I know that there is a lot of information...
by Sandtrap
Wed Jul 17, 2019 8:33 am
Forum: Personal Investments
Topic: 2 to 4 fund YTD numbers from fellow Bogleheads.
Replies: 12
Views: 961

Re: 2 to 4 fund YTD numbers from fellow Bogleheads.

Why don't you go look up the performance numbers for the LifeStrategy funds and report their asset allocations (stocks/bonds) and performance numbers please? Those funds are essentially total market weighted portfolios and the performance numbers will be calculated accurately without mistakes. Rely...
by Sandtrap
Wed Jul 17, 2019 8:31 am
Forum: Personal Investments
Topic: Counseling a Colleague About Their Financial Advisor
Replies: 30
Views: 1919

Re: Counseling a Colleague About Their Financial Advisor

Here's an ongoing thread on the same scenario but with Edward Jones, the same comments apply here: Interesting reading. Edward Jones: Trap https://www.bogleheads.org/forum/viewtopic.php?f=1&t=233308 The comments and thread could apply to other FA's, etc. Perhaps forward the link to your friends so t...
by Sandtrap
Wed Jul 17, 2019 8:06 am
Forum: Personal Investments
Topic: Edward Jones trap
Replies: 69
Views: 10770

Re: Edward Jones trap

I know an older fellow, on the edge of retirement in 2 years. Both he and his wife have been committed to Edward Jones for many years. And, only sing praises. I had forwarded one of these threads in the past via email with no answer. They continue to brag about all the money that EJ is making for th...
by Sandtrap
Wed Jul 17, 2019 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Risks of buying a Bay Area home with 4-year time horizon?
Replies: 26
Views: 1898

Re: Risks of buying a Bay Area home with 4-year time horizon?

Rent for 4 years. Keep saving. Then. . . buy your dream family home. . . together. . .forever. :D You may have the best options with this sequence. Purchasing for only 4 years then the cost of selling, fees, etc, and the unpredicatability of selling for the right price at the right time, is full of ...
by Sandtrap
Tue Jul 16, 2019 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Take the cash or the free dinner?
Replies: 61
Views: 4537

Re: Take the cash or the free dinner?

Free drinks, as much as you want. Hard stuff. Double shots.
Friendly attractive people to keep you company.
Lower your defenses.
Take you to the cleaners. . . . .

Been offered a lot of things in a lot of seminars, but never cash.
I would probably refuse and not go.
Just me.
j
by Sandtrap
Tue Jul 16, 2019 5:40 pm
Forum: Personal Investments
Topic: International Bond Fund - yes or no?
Replies: 11
Views: 922

Re: International Bond Fund - yes or no?

Not for me.
j
by Sandtrap
Tue Jul 16, 2019 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Do you care about your home appreciating?
Replies: 91
Views: 4645

Re: Do you care about your home appreciating?

OP, 1) If the house appreciates while you live there, you pay more property tax. It does not help you. 2) The only time that you make money from your house appreciation is when you sell. 3) The worst joke on the house owner is the house appreciate for 10+ years when the person lives there and then ...
by Sandtrap
Tue Jul 16, 2019 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: How to plan for extended illness?
Replies: 35
Views: 1710

Re: How to plan for extended illness?

So we have a defense for one of us dying (term life) and for one of us being disabled (long term disability) but not sure what to do about the possibility that one of us ends up with a disease that would require the other spouse to leave work for an extended period of time, whether it be to care fo...
by Sandtrap
Tue Jul 16, 2019 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: 1 million in liquid assets or paid off mortgage by 40?
Replies: 52
Views: 4502

Re: 1 million in liquid assets or paid off mortgage by 40?

I just wanted to get a feel from the Boglehead community on what you all would prefer by age 40. A. 1 million dollars in liquid assets B. home mortgage paid off FWIW I am 39 years old with 788k in liquid assets and 149k remaining on my home mortgage. I am always wrestling with the eternal question ...
by Sandtrap
Tue Jul 16, 2019 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Cash - Throw it all on the table!!!
Replies: 150
Views: 23749

Re: Cash - Throw it all on the table!!!

BSBHead wrote:
Tue Jul 16, 2019 7:12 am
This thread made me feel better as nobody has a good answer. I keep 1-3 months of expenses in checking/savings. But my fixed income/cash position is really tied up in VMMXX.
+1
How many years annual expenses in VMMX ???
j
by Sandtrap
Tue Jul 16, 2019 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Being a hands off homeowner
Replies: 48
Views: 2705

Re: Being a hands off homeowner

Hello learned Bogleheads, I am 35 and live in Las Vegas, in a relationship no kids but marriage and kids are likely in the next 3 years. Since starting college at 18 i have lived in dorms or apartments. I like the idea of the permanency of home ownership as my job is pretty stable and I don’t see m...
by Sandtrap
Tue Jul 16, 2019 9:31 am
Forum: Personal Investments
Topic: Bond question: VBTLX vs VBILX
Replies: 19
Views: 1571

Re: Bond question: VBTLX vs VBILX

VBTLX Vanguard Total Bond Index Fund https://i.postimg.cc/tRZb5SLs/Screen-Shot-2019-07-16-at-7-23-01-AM.png VBILX Vanguard Intermediate Term Bond Index Fund https://i.postimg.cc/mrH3VGNd/Screen-Shot-2019-07-16-at-7-24-11-AM.png VBTLX vs VBILX (past performance) https://i.postimg.cc/FzyNx179/Screen-S...
by Sandtrap
Tue Jul 16, 2019 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Buying a home; Very HCOL Area
Replies: 40
Views: 3537

Re: Buying a home; Very HCOL Area

HCOL Area, property taxes well north of 10K annually (for not much property) - Is there ever a break-even point where home ownership in these kinds of areas are actually "worth it" financially? Perspective: In my area, you are spending 400K for a "fixer upper". For half a million, you're buying som...
by Sandtrap
Tue Jul 16, 2019 8:58 am
Forum: Personal Investments
Topic: Please review our investment selections
Replies: 6
Views: 381

Re: Please review our investment selections

You can edit your lst post with the pencil icon (upper right).
Into this format.
Asking Portfolio Questions
https://www.bogleheads.org/forum/viewt ... =1&t=6212

It will help the portfolio reviewers and garner high level responses.
by Sandtrap
Tue Jul 16, 2019 8:18 am
Forum: Personal Investments
Topic: REITs
Replies: 5
Views: 756

Re: REITs

is the still a non-correlating asset class worth including in a portfolio? Research the forum archives (past threads) as there are some very deep threads on this by very knowledgeable members. The REIT correlation to the US Cap Weighted Market from 1972-2007 was .5232 In 2008, the REIT correlation ...
by Sandtrap
Tue Jul 16, 2019 7:48 am
Forum: Forum Issues and Administration
Topic: Length Limit on Quotes
Replies: 16
Views: 1210

Re: Length Limit on Quotes

IMHO: Quotes and links (if needed) sufficient to give best context to the actionable suggestion that follows is enough for a quality post. But, it depends on the thread. If about investment theory, then sometimes it can be long, as when quoting "vineviz" and "nedsaid" on "small cap value". . . . . ....
by Sandtrap
Tue Jul 16, 2019 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Invest in career change to Accounting for 37 yr old? Would it be foolish?
Replies: 145
Views: 7131

Re: Invest in career change to Accounting for 37 yr old? Would it be foolish?

The worse thing in life is looking back at age "old-something" and thinking, "I coulda' went to medical school", "I shoulda' got my MS in Engineering", "I woulda' been happier if I'd have went to Law School". There are those with medical or law degrees that are miserable and regret their choice. So...
by Sandtrap
Mon Jul 15, 2019 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: Cash - Throw it all on the table!!!
Replies: 150
Views: 23749

Re: Cash - Throw it all on the table!!!

rupalb9 wrote:
Mon Jul 15, 2019 9:14 pm
(n times $100K), all in MM funds equal to 10% of net worth.
It is probably too much but my wife wants this big a cushion and I choose not argue about it.
+1
This factor is "huge" and not to be ignored.
j
by Sandtrap
Mon Jul 15, 2019 11:10 pm
Forum: Personal Investments
Topic: Poor financial advisor performance
Replies: 71
Views: 3827

Re: Poor financial advisor performance

For convenience: All data so far. Hope this helps everyone. These are the numbers through 6/30/19: https://share.icloud.com/photos/0otjdJMqGqry7snbKZadFdKyg https://i.postimg.cc/rzX3KXxd/Screen-Shot-2019-07-15-at-9-08-37-PM.png Wow. Thanks for all the replies. First, I’d like to say that the perform...
by Sandtrap
Mon Jul 15, 2019 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Cash - Throw it all on the table!!!
Replies: 150
Views: 23749

Re: Cash - Throw it all on the table!!!

How many Bogleheads keep cash only in checking and invest the rest? If so, does it concern you that you have too much cash in checking in terms of fraud, theft, or bank errors? 3-4 annual expenses/years in CD's, Money Market, etc. 1 year annual expenses in cash at several business and personal acco...
by Sandtrap
Mon Jul 15, 2019 6:47 pm
Forum: Personal Investments
Topic: Poor financial advisor performance
Replies: 71
Views: 3827

Re: Poor financial advisor performance

. . . . We feel there are 3 possible choices: 1. Stay with the same advisor and discuss with him our dissatisfaction. 2. Leave and find a new advisor. 3. Go back to doing it myself. I would be very grateful for any advice and recommendations the community would have. Welcome. Some considerations: 1...
by Sandtrap
Mon Jul 15, 2019 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Referral for Financial Planner
Replies: 17
Views: 1236

Re: Referral for Financial Planner

Welcome. One option is to do the following (if you care to do so and are comfortable, it is unnanimouse). 1. Read. GETTING STARTED https://www.bogleheads.org/wiki/Getting_started 2. Post for a portfolio review in this format. Make a list of your goals and any questions you think pertinent. The exper...
by Sandtrap
Mon Jul 15, 2019 3:00 pm
Forum: Personal Investments
Topic: Portfolio review/ check-up
Replies: 17
Views: 1133

Re: Portfolio review/ check-up

bump.
by Sandtrap
Mon Jul 15, 2019 10:18 am
Forum: Personal Investments
Topic: Phase out EF [Emergency Fund]?
Replies: 111
Views: 4683

Re: Phase out EF?

To me, cash and a hefty EF, are financial "shock absorbers" towards and through retirement. Without them, it's a pretty rough ride. j Thanks sandtrap. Out of curiosity, did you carry a conservative, average, or aggressive AA during accumulation? 100% Allocation to physically held apartment building...
by Sandtrap
Mon Jul 15, 2019 10:17 am
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 117
Views: 10537

Re: House not appraising for amount we were offered!

We put our house on the market on a Friday morning and by 8pm that night, we had an offer for 257k. Our asking price was 254.9k, so the offer was obviously a huge offer. Fast forward to last week and the appraisal came back 230k. We now have a dilemma because most banks only loan up to the appraisa...
by Sandtrap
Mon Jul 15, 2019 9:38 am
Forum: Personal Investments
Topic: Phase out EF [Emergency Fund]?
Replies: 111
Views: 4683

Re: Phase out EF?

To me, cash and a hefty EF, are financial "shock absorbers" towards and through retirement.
Without them, it's a pretty rough ride.

j
by Sandtrap
Mon Jul 15, 2019 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Tenant turned off all utilities advice please!!
Replies: 83
Views: 6801

Re: Tenant turned off all utilities advice please!!

randomguy wrote:
Mon Jul 15, 2019 8:57 am
ohai wrote:
Mon Jul 15, 2019 8:37 am
Isn't the security deposit created for exactly situations like this?
What a security deposit can be used for is specified by law that varies by reason. I expect cleaning is likely a use. Not as sure about the utility issue.
+1
Exactly.
j
by Sandtrap
Mon Jul 15, 2019 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Tenant turned off all utilities advice please!!
Replies: 83
Views: 6801

Re: Tenant turned off all utilities advice please!!

David Jay wrote:
Mon Jul 15, 2019 9:19 am
Take Sandtrap’s advice (above). He had extensive rental holdings for many years.
Thanks "davidjay".
My son's grew up cleaning up abandoned rental units with DW. Imagine, rubber boots, gloves, and odor masks. :shock: :shock:
j
by Sandtrap
Mon Jul 15, 2019 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Tenant turned off all utilities advice please!!
Replies: 83
Views: 6801

Re: Tenant turned off all utilities advice please!!

Isn't the security deposit created for exactly situations like this? Not necessarily. In some states, there is a differentiation between "security deposit" and "cleaning fee (usually non refundable)". According to local landlord-tenant code and laws and general practices, there can be only certain ...
by Sandtrap
Mon Jul 15, 2019 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Tenant turned off all utilities advice please!!
Replies: 83
Views: 6801

Re: Tenant turned off all utilities advice please!!

My brother needs advice. He rented his prior house out to a woman for a 1 year lease. He used to live in the house and it was totally remodeled and nice. The woman moved in and complained about everything and he always fixed everything. He even had the house professionally cleaned THREE times after...
by Sandtrap
Sun Jul 14, 2019 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Will your investments be enough to cover ALF/misc.medical costs/etc.so there is no burden to your children?
Replies: 83
Views: 3868

Re: Will your investments be enough to cover ALF/misc.medical costs/etc.so there is no burden to your children?

What is your plan? Have you thought about it? If you plan to draw down your retirement portfolio it may be wise to consider this. I have no known children, no family I’m close with, and anticipate only living to my mid-60’s at best. My medical directives include DNR and “do not treat” for any life-...
by Sandtrap
Sun Jul 14, 2019 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Invest in career change to Accounting for 37 yr old? Would it be foolish?
Replies: 145
Views: 7131

Re: Invest in career change to Accounting for 37 yr old? Would it be foolish?

The good thing about getting an accounting degree is that you know what you will do after graduation. The bad thing about getting an accounting degree is that you will be an accountant. In all seriousness, even if took 3-4 years to get the accounting degree, you'd still have a good ~25 years before...