Search found 5334 matches

by Sandtrap
Fri Nov 16, 2018 11:41 am
Forum: Personal Consumer Issues
Topic: One food I could never give up
Replies: 33
Views: 1311

Re: One food I could never give up

There is no food I could never give up. Heck I could even give up water, just switch to meade like in colonial days. A food that would be tough for me to give up would be cheese. I've tried many a diet, and have been mostly Paleo the last few years, but I have tried several times to remove cheese a...
by Sandtrap
Fri Nov 16, 2018 11:39 am
Forum: Personal Consumer Issues
Topic: One food I could never give up
Replies: 33
Views: 1311

Re: One food I could never give up

ResearchMed wrote:
Fri Nov 16, 2018 11:06 am
tennisplyr wrote:
Fri Nov 16, 2018 11:05 am
Finish this sentence: "The one food I could never give up is..."
Chocolate.

Definitely. :D

RM
Yep.

Chocolate. :D

Then Coconut or Macadamia Nuts ... or chocolate covered coconut covered macadamia nuts :D :D :D
by Sandtrap
Fri Nov 16, 2018 11:36 am
Forum: Investing - Theory, News & General
Topic: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?
Replies: 75
Views: 4631

Re: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?

To me, the bucket approach is having a separate bucket for planned short term withdrawals (cash and cash equivalents and ST Treasuries for money needed for zero to three years); mid-term withdrawals (> 3 years to 6 to 10 years in a medium term bond fund); and long term (> 8 to 10 years in stock fun...
by Sandtrap
Tue Nov 13, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 149
Views: 18220

Re: Habits of the Rich

Im an average wage, blue collar worker who will retire in my 50's with no pension. This is what i have done. 1. Set written goals early in life with an action plan. 2. Didn't have any unplanned pregnancies. 3. Lived below my means when purchasing housing and transportation. Never went into debt exc...
by Sandtrap
Mon Nov 12, 2018 8:36 am
Forum: Personal Consumer Issues
Topic: Still spending too much on non-essentials
Replies: 38
Views: 2407

Re: Still spending too much on non-essentials

If it makes you or spouse happy and enriches your life, then it is essentially . . . essential. :happy
by Sandtrap
Sun Nov 11, 2018 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 149
Views: 18220

Re: [Financial] Habits of the Rich

Remember what it was like to be "dead broke". :shock: Resolve to move in the opposite financial direction no matter what. :happy I remember that!! At 23 I cashed in my only mutual fund to pay for a runaway credit card balance. Boy did that head me in the opposite direction. Great point Sandtrap!! I...
by Sandtrap
Sun Nov 11, 2018 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 149
Views: 18220

Re: [Financial] Habits of the Rich

Remember what it was like to be "dead broke". :shock:
Resolve to move in the opposite financial direction no matter what.
:happy
by Sandtrap
Sun Nov 11, 2018 5:55 pm
Forum: Personal Consumer Issues
Topic: Help Me Buy A New Front Door
Replies: 16
Views: 1187

Re: Help Me Buy A New Front Door

1 Reputable door and window store. They also have list of installers they use. (finish carpenters). Order door. Have it delivered.

2. Reputable "finish" carpenter in your area. Quotes. Contract.
by Sandtrap
Sun Nov 11, 2018 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Are We In A Real Estate Bubble?
Replies: 99
Views: 10885

Re: Are We In A Real Estate Bubble?

This is an interesting fact filled thread by astute posters. I hope it continues. While the axioms of "location, location", and supply/demand, holds true for area sales slumps and booms, there does seem to be other factors influencing things that have not in the past. To include: 1 As previous poste...
by Sandtrap
Tue Nov 06, 2018 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Trustee of inherited business
Replies: 20
Views: 1373

Re: Trustee of inherited business

As a responsible steward of your parent's estate:

1. Meet with legal counsel asap.
2. Meet with legal counsel and brother. Clarify boundaries, etc.
3. Hire CEO or Sell.
by Sandtrap
Fri Nov 02, 2018 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: Where should I be financially at 39?
Replies: 42
Views: 5890

Re: Where should I be financially at 39?

OP, here is an actionable checklist for you: https://www.bogleheads.org/forum/viewtopic.php?t=194246 How many of these have you achieved ? post checklist reprinted below Hello, should we feel we’ve “arrived” when we achieve 1. Vanguard Flagship status 2. 2 commas in our networth excluding primary r...
by Sandtrap
Thu Nov 01, 2018 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Is an MBA worth it these days?
Replies: 53
Views: 6299

Re: Is an MBA worth it these days?

How about CPA?
by Sandtrap
Thu Nov 01, 2018 7:43 am
Forum: Investing - Help with Personal Investments
Topic: Where should I be financially at 39?
Replies: 42
Views: 5890

Re: Where should I be financially at 39?

Break down long term goals into short term actionable steps. .... to include the following ... every day ... until it is a behavioral habit. 0. Focus on earning as well as saving and investing. Without the first nothing happens. 1. Minimize expenses 2. Avoid debt 3. Maximize income 4. Invest in your...
by Sandtrap
Wed Oct 31, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Sell land at a loss or keep?
Replies: 38
Views: 2907

Re: Sell land at a loss or keep?

List it for sale while you think about it. Just start high. $75k to start. Good luck! I don't think that strategy in real estate generally works? You discourage all the casual buyers, or those with a particular shopping list and a price. If they see a price that is not a bargain, that may be well o...
by Sandtrap
Wed Oct 31, 2018 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Falling off the ACA subsidy cliff
Replies: 62
Views: 4935

Re: Falling off the ACA subsidy cliff

Search the forum threads for "ACA Subsidy Cliff".

Many have fallen :shock:

Fell off last year.
Fee was "Huge" :oops:
by Sandtrap
Wed Oct 31, 2018 7:45 am
Forum: Personal Consumer Issues
Topic: Advise on getting a cheap new flooring
Replies: 21
Views: 1919

Re: Advise on getting a cheap new flooring

LVT is the way to go for rentals. Don't skimp on the cheaper LVT because it's thinner and not as durable. Go mid-level. An installer can do your project in 2 days or so. If you do it, it'll probably take a month of weekends. If you go with carpet, we see it as having a life span of 1 - 2 tenants. A...
by Sandtrap
Tue Oct 30, 2018 7:34 pm
Forum: Investing - Help with Personal Investments
Topic: Using Cash as actual Bond Allocation?
Replies: 15
Views: 1719

Re: Using Cash as actual Bond Allocation?

Fixed portion of your total portfolio (including Emergency Fund): 1. High yield accounts (within your comfort zone). 2. CD, Brokered CD ladder, etc. (within your comfort zone) 3. Short to Mid Term Treasuries. (within your comfort zone) 4. Short to Mid Term Bond Funds. (within your comfort zone) 5. e...
by Sandtrap
Mon Oct 29, 2018 7:29 am
Forum: Personal Consumer Issues
Topic: Advise on getting a cheap new flooring
Replies: 21
Views: 1919

Re: Advise on getting a cheap new flooring

1. Low and mid range rental: carpet. Consider it sacrificial. Plank and harder flooring will be gauged up from furniture. Warped from spills. Stone and tile, etc, will be stained. 2. Go to Home Depot, Lowes, etc. Price purchase and install, including tear out and disposal of existing carpet. Select ...
by Sandtrap
Sun Oct 28, 2018 9:27 pm
Forum: Personal Consumer Issues
Topic: Advise on getting a cheap new flooring
Replies: 21
Views: 1919

Re: Advise on getting a cheap new flooring

1. Extent of flooring project? 1 story single level home 3 bdrm 2 bath, on concrete slab? 2 story entire home, living room downstairs, bedrooms upstairs, stairway, etc? 3. what does the home have now? Carpet everywhere and what in the bathroom/kitchens? 4. How long do you intend to keep the home and...
by Sandtrap
Sun Oct 28, 2018 8:51 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio help
Replies: 8
Views: 495

Re: Portfolio help

1. Great job listing accounts. (please insert "fund names" next to "tickers" to help others.. . edit original post with pencil icon). 2. Clarify Real Estate. What percentage allocation of total assets is your goal? 3. Read: TAYLOR LARIMORE ON “SIMPLICTY” https://www.bogleheads.org/forum/viewtopic.ph...
by Sandtrap
Thu Oct 25, 2018 9:10 am
Forum: Investing - Help with Personal Investments
Topic: For those waiting for a 'correction' ...
Replies: 88
Views: 12340

Re: For those waiting for a 'correction' ...

Waiting for a Real Estate "correction" as well.
:shock:
by Sandtrap
Wed Oct 24, 2018 8:38 am
Forum: Investing - Theory, News & General
Topic: Do you use mobile apps to assist with your investments?
Replies: 27
Views: 2348

Re: Do you use mobile apps to assist with your investments?

No.
The more "hands off" I can be, the more my portfolio becomes a "Bogle Portfolio". :D
j
by Sandtrap
Wed Oct 24, 2018 8:36 am
Forum: Investing - Help with Personal Investments
Topic: 32M burned out from active investing
Replies: 28
Views: 3746

Re: 32M burned out from active investing

Consider Index Mutual Funds. Reinvest The Dividends. Look once a year. Keep adding as much as you can as often as you can. Compounding will work while you are sleeping :happy +1 But, it may require a large mental and lifestyle adjustment toward moving from "active" vs "passive" investing. Can you? ...
by Sandtrap
Wed Oct 24, 2018 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Adjust Withdrawals For More Money in Your 60’s-70’s
Replies: 19
Views: 2087

Re: Adjust Withdrawals For More Money in Your 60’s-70’s

Any thoughts or ideas once you are in retirement on how to adjust your withdrawals for more money in your 60’s-70’s, which are usually your more active go-go years when you mostly likely will spend more money for travel and fun stuff. I’ve been looking at the VPW method because we have no heirs and...
by Sandtrap
Wed Oct 24, 2018 8:32 am
Forum: Investing - Theory, News & General
Topic: Bonds saved the bacon in the "lost decade" for stocks, but will they do it again?
Replies: 21
Views: 3064

Re: Bonds saved the bacon in the "lost decade" for stocks, but will they do it again?

1. Yes or no. (certainly seems there's no "bacon saving" at the moment)

2. What are the alternatives?

3. All the more reason for diversification of "fixed", diversification of "income streams", and diversification of "asset base"?

j
by Sandtrap
Wed Oct 24, 2018 8:27 am
Forum: Investing - Theory, News & General
Topic: What's Your Fixed Income Strategy?
Replies: 89
Views: 8595

Re: What's Your Fixed Income Strategy?

1. Average duration of portfolio bond fonds = "Z" 2. "Z" diversified to CD Ladder, Short/Mid Term Treasuries, etc. Why? To my "simple mind", diversification of fixed this way allows it to "ride out" bond fond fluctuations over the average duration. And, it seems like a simple way to accomplish this.
by Sandtrap
Wed Oct 24, 2018 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Seeking housing advice
Replies: 11
Views: 1178

Re: Seeking housing advice

Option C. Rent a modest dwelling nearby at minimal cost. In-laws move in there. Why? 1 There's a lot of potential "loose ends" now and on the horizon. This solves your problem, does not "lock" you into financial obligations, and gives you more options going forward. (able to adapt to change). 2 Give...
by Sandtrap
Wed Oct 24, 2018 8:17 am
Forum: Investing - Help with Personal Investments
Topic: For those who paid off house - how did you do it?
Replies: 97
Views: 7696

Re: For those who paid off house - how did you do it?

Rented until full price of a home was saved up.
Bought "very" modestly.
Debt averse. :shock:
by Sandtrap
Tue Oct 23, 2018 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Empty nester downsizing - any advice?
Replies: 51
Views: 5486

Re: Empty nester downsizing - any advice?

Great suggestions all around.
Consider renting a larger and nicer place. Later you might be glad you did.
Good luck :D
by Sandtrap
Mon Oct 22, 2018 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Versus Stocks
Replies: 67
Views: 7153

Re: Real Estate Versus Stocks

I am a staunch index fund investor, to be clear. Being relatively risk-averse, if I was to branch out into a single rental property in the future, it would be an all-cash purchase and taking into account that it could be a total wash. I would not encourage anyone to consider diversifying into real ...
by Sandtrap
Mon Oct 22, 2018 10:12 am
Forum: Personal Consumer Issues
Topic: Sequoia or Land Cruiser
Replies: 25
Views: 1369

Re: Sequoia or Land Cruiser

4runner or
toyota something
balance of value vs utility.
do you need 4wd? towing?

or another honda pilot
by Sandtrap
Mon Oct 22, 2018 8:53 am
Forum: Investing - Help with Personal Investments
Topic: Old Newbie Looking For The Same Advice?
Replies: 10
Views: 831

Re: Old Newbie Looking For The Same Advice?

1 of many actionable suggestions: 1 Two cars + HVAC repairs = $66k + new child ( incl any loss of spouse income) = ? Deploy to either or some > High yield accounts, MM, Short and Int Term Brokered CD Ladder, Treasuries, etc. for security of principal and liquidity. 2 Emergency Fund > 3-6 Mos income ...
by Sandtrap
Sun Oct 21, 2018 8:06 pm
Forum: Investing - Help with Personal Investments
Topic: Old Newbie Looking For The Same Advice?
Replies: 10
Views: 831

Re: Old Newbie Looking For The Same Advice?

Paul, That's probably part of my problem: I see a 401k and investing the remaining money after expenses as two completely separate things until you just said "This sounds like you haven't invested anything, but below you say you have a 401k." I was (so fortunately) guided into the 401k, which is pr...
by Sandtrap
Sun Oct 21, 2018 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Kitces link: The Spectrum of Financial Dependence and Independence
Replies: 30
Views: 3549

Re: Kitces link: The Spectrum of Financial Dependence and Independence

Interesting POV.
A "Boglehead Spectrum" would likely be different.

1. Dead broke, in debt, no income stream, no assets, negative net worth.

...........

14. Retired with 25X annual expenses.
15. #14 plus ?
by Sandtrap
Sun Oct 21, 2018 8:57 am
Forum: Investing - Theory, News & General
Topic: Is there a case for Active in fixed income?
Replies: 16
Views: 1654

Re: Is there a case for Active in fixed income?

Wiki: Mortgage Backed Securities https://www.bogleheads.org/wiki/Mortgage-backed_security Morningstar [DoubleLine Total Return Bond has clear strengths, starting with the leadership of Jeffrey Gundlach, one of the mortgage market’s most skilled practitioners. However, DoubleLine has denied repeated ...
by Sandtrap
Sun Oct 21, 2018 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Can you include this in a will?
Replies: 23
Views: 3577

Re: Can you include this in a will?

For trusts: No Contest Clause

All the more reason to hire legal counsel and do things properly.
by Sandtrap
Sun Oct 21, 2018 8:43 am
Forum: Personal Consumer Issues
Topic: No power in half the house
Replies: 17
Views: 1673

Re: No power in half the house

1 reset main house breaker. Flip off then on again. If no improvement........then

2. Call electrician.
by Sandtrap
Fri Oct 19, 2018 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 188
Views: 16826

Re: Where would you go for financial guidance if you win the Megamillions?

Much like athletes, etc, with substantial wealth. Privacy Secrecy Security Law firm CPA firm Establish foundation, trust, etc. (taxes + estate planning) Regardless of popular thought, after a certain point, life would indeed change in proportion to size of wealth. Thus, need for discretion and vigil...
by Sandtrap
Thu Oct 18, 2018 8:58 am
Forum: Investing - Theory, News & General
Topic: flat for the year
Replies: 27
Views: 2570

Re: flat for the year

A properly allocated "Bogle Portfolio" is designed to be a "life raft" on the waves of economic change.
Whether peaks or valleys, it continues to float as designed, stormy or calm.
j
by Sandtrap
Wed Oct 17, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Did you retire because you hit your number?
Replies: 71
Views: 6595

Re: Did you retire because you hit your number?

Convergence of the following:
1. Health
2. Burn out
3. Long past making "a number"
4. Business changes
5. Intuition
by Sandtrap
Tue Oct 16, 2018 10:28 am
Forum: Personal Finance (Not Investing)
Topic: 5 Year CD Coming Due
Replies: 8
Views: 1304

Re: 5 Year CD Coming Due

CD Ladder?
1-3 yr?
by Sandtrap
Sun Oct 14, 2018 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Neighbor discussing finances with me
Replies: 64
Views: 6077

Re: Neighbor discussing finances with me

So my neighbor is roughly my age and we've become good friends over the years. We were recently talking about the market and he was telling me how he shifted all his investments to a money market (due to the coming crash *sigh*) and his adviser recommended he move instead to a bond fund with zero r...
by Sandtrap
Sun Oct 14, 2018 10:49 am
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 226
Views: 19474

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

It seems as if people want a plan of withdrawal that is safe and is not subject to change and that it will last their entire retirement. What I would call set it and forget it. If only there were a financial product people could buy using a fixed amount of money up front that would provide a guaran...
by Sandtrap
Sun Oct 14, 2018 10:49 am
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 226
Views: 19474

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

Here is a nice article by physician on fire. I think we are way too conservative! https://www.physicianonfire.com/money-to-your-grave/?ck_subscriber_id=198528596 Interesting article. Thanks for posting. Yes. Planning for a 30+ year retirement duration and dying earlier with "too much" would indeed ...
by Sandtrap
Sun Oct 14, 2018 10:46 am
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 226
Views: 19474

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

It seems as if people want a plan of withdrawal that is safe and is not subject to change and that it will last their entire retirement. What I would call set it and forget it. If only there were a financial product people could buy using a fixed amount of money up front that would provide a guaran...
by Sandtrap
Sat Oct 13, 2018 10:08 pm
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 226
Views: 19474

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

The weakness of using a flat rate, 2-3-4. . . SWR (implying "safe") is that individual lives don't follow generalized spreadsheet projections. For many, diversification of income streams (SS, multiple pensions, income property, annuities, etc) provides or adds to portfolio withdrawal safety margins....
by Sandtrap
Wed Oct 10, 2018 10:03 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7833
Views: 1607719

Re: Stocks tumbling?

Tumbling today. Falling tomorrow. Climbing next week. Flying and soaring next month. You forgot the "massively" in front of each. I think it's just a thermodynamic fluctuation. "Massive" spacial correlations in stochastic thermodynamics dependent on one's allocation as long as one stays the course....
by Sandtrap
Wed Oct 10, 2018 9:59 am
Forum: Investing - Theory, News & General
Topic: Does the Boglehead ever see a unique opportunity for investment?
Replies: 17
Views: 1801

Re: Does the Boglehead ever see a unique opportunity for investment?

1965
1985
2009
2011
Some great deals on apartment buildings and multi unit housing rentals (if in the right location). :D