Search found 5295 matches

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: 96
Views: 6579

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: 2436

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: 5788

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: 1250

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: 5901

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: 187
Views: 14249

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: 187
Views: 14249

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: 187
Views: 14249

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: 187
Views: 14249

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: 7401
Views: 1551705

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: 1752

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
by Sandtrap
Wed Oct 10, 2018 9:49 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7401
Views: 1551705

Re: Stocks tumbling?

Tumbling today.
Falling tomorrow.
Climbing next week.
Flying and soaring next month.
by Sandtrap
Tue Oct 09, 2018 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Which is better CD - rates and terms?
Replies: 65
Views: 5424

Re: Which is better CD - rates and terms?

Consider "brokered" new issue CD's at Vanguard, or other brokerage. There are some advantages over bank issued. Sandtrap, I'd like to know the advantages. I prefer to have my interest added on to the CD each month, rather than paid out to the brokerage cash account - just don't like the smaller amo...
by Sandtrap
Tue Oct 09, 2018 11:05 am
Forum: Personal Consumer Issues
Topic: Six Pillars of Self-Esteem: Nathaniel Branden
Replies: 10
Views: 1618

Re: Six Pillars of Self-Esteem: Nathaniel Branden

I found it a bit analytical and complex vs the perhaps simpler and actionable works on "mindfullness" and "present moment" focuses by Thich Nhat Hanh. https://www.amazon.com/Miracle-Mindfulness-Introduction-Practice-Meditation/dp/0807012394/ref=sr_1_3?ie=UTF8&qid=1539100963&sr=8-3&keywords=thich+nha...
by Sandtrap
Tue Oct 09, 2018 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Too risky?
Replies: 13
Views: 1581

Re: Too risky?

1. Suggestions would be more "on target" if you do this to give your question better context. You can edit your original post to include the data. Asking Portfolio Questions https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 brief list of individual stocks. 2. Are you prepared to have your in...
by Sandtrap
Tue Oct 09, 2018 10:51 am
Forum: Investing - Theory, News & General
Topic: A Roadmap For The Upcoming US Treasury Bull Market
Replies: 40
Views: 3764

Re: A Roadmap For The Upcoming US Treasury Bull Market

Given the author of the article:
Eric Hickman is president of Kessler Investment Advisors, an advisory firm located in Denver, Colorado specializing in U.S. Treasury bonds.
are the conclusions a given?
by Sandtrap
Mon Oct 08, 2018 4:42 pm
Forum: Investing - Theory, News & General
Topic: Market decline in 2019 ?
Replies: 73
Views: 6464

Re: Market decline in 2019 ?

Most people believe we are in a bubble and will see a big market decline (anywhere from 20-50%) soon. A lot of "experts" believe this could be in 2019. Most people on this forum probably also believe a significant market decline will probably come eventually. The Bogleheads philosophy is "stay the ...
by Sandtrap
Mon Oct 08, 2018 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Which is better CD - rates and terms?
Replies: 65
Views: 5424

Re: Which is better CD - rates and terms?

Consider "brokered" new issue CD's at Vanguard, or other brokerage. There are some advantages over bank issued.
j
by Sandtrap
Sun Oct 07, 2018 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: can i start a private investment firm?
Replies: 70
Views: 5080

Re: can i start a private investment firm?

Actionably: Form a "Hui". In Hawaiian, it means a partnership, or other group effort, usually a business purpose. The in the early days, a "Hui" might formed to buy out a company or purchase vast spreads of land that one person would be able to do on his own. You could this and be as creative, withi...
by Sandtrap
Sun Oct 07, 2018 11:15 pm
Forum: Personal Consumer Issues
Topic: Landlord wants to raise rent, but is asking if he can?
Replies: 54
Views: 5466

Re: Landlord wants to raise rent, but is asking if he can?

Pay the 2.5% to maintain the relationship. Otherwise, as the landlord's costs add up year by year, he will be faced with a dramatic rise in rent (reality check) to keep up. At that point, you will be hit with a large rise or vacate. Relationships are terrific to have but never forget that it's a "b...
by Sandtrap
Sun Oct 07, 2018 12:17 pm
Forum: Investing - Theory, News & General
Topic: You know you’re a Boglehead when. . .
Replies: 44
Views: 4872

Re: You know you’re a Boglehead when. . .

I just had to put this recent event that happened to me in my life. After 23 years at the same company, they outsourced several departments (including mine). The good news is I was hired by the outsourcing firm, but in 6 months will get a salary cut which I can live with. While most of my co-worker...
by Sandtrap
Sun Oct 07, 2018 12:12 pm
Forum: Investing - Theory, News & General
Topic: Should I, and how, act on changes in managing diet and health?
Replies: 65
Views: 4478

Re: Should I, and how, act on changes in managing diet and health?

Changes in lifestyle and diet in "developed countries and regions", i.e.: plethora and rise of stores like Whole Foods, Trader Joe's, and countless website based products, do indeed change the investing landscape. But, perhaps, not globally. It takes money to live a "health lifestyle", have the time...
by Sandtrap
Sun Oct 07, 2018 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Management fees
Replies: 5
Views: 466

Re: Management fees

1. The first place to invest wisely is in one's own personal finance education. It has been said that, "when you know enough to choose between a good or bad financial advisor, you won't need one." That said, start here. GETTING STARTED https://www.bogleheads.org/wiki/Getting_started Asking Portfolio...
by Sandtrap
Sun Oct 07, 2018 9:57 am
Forum: Investing - Theory, News & General
Topic: 40-60% drawdown in bonds
Replies: 42
Views: 3744

Re: 40-60% drawdown in bonds

Outstanding!
Thanks for posting.
j :happy
by Sandtrap
Fri Oct 05, 2018 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: Sellers remorse - selling business
Replies: 44
Views: 4719

Re: Sellers remorse - selling business

I was faced with a similar situation a number of years ago. 1. Imagine . . . 2-5 years from now . . . thinking that you "should have" sold and retired earlier. 2. The business will always be worth more . . . so when do you stop? 3. It may not happen right away. But, as time goes by there comes the n...
by Sandtrap
Fri Oct 05, 2018 10:17 am
Forum: Personal Finance (Not Investing)
Topic: How is the ACA penalty calculated for 2018?
Replies: 10
Views: 970

Re: How is the ACA penalty calculated for 2018?

AFAIK it is not enforced. (mandate)
Although the ACA Affordability Cliff is, and is severe.
by Sandtrap
Thu Oct 04, 2018 11:00 pm
Forum: Personal Consumer Issues
Topic: What purchase saved you the most money?
Replies: 136
Views: 12639

Re: What purchase saved you the most money?

'The Little Book on Common Sense Investing" by J. Bogle.
Worth every penny.
Bought for $15
Saved me at least 10 million percent of that.
by Sandtrap
Thu Oct 04, 2018 9:37 pm
Forum: Investing - Help with Personal Investments
Topic: Timing the Market
Replies: 16
Views: 1817

Re: Timing the Market

Right now, the investment with the highest returns is here:
GETTING STARTED
https://www.bogleheads.org/wiki/Getting_started
by Sandtrap
Thu Oct 04, 2018 6:36 pm
Forum: Personal Consumer Issues
Topic: Thoughts on Meditation & Subconscious Mind
Replies: 10
Views: 1060

Re: Thoughts on Meditation & Subconscious Mind

Mindfullness: Thich Nhat Hanh
simple
actionable
by Sandtrap
Thu Oct 04, 2018 10:26 am
Forum: Personal Consumer Issues
Topic: Signing up for medicare
Replies: 20
Views: 1102

Re: Signing up for medicare

I'm going to be 65 in January and have been on Social Security since age 62. I am working and will continue to work (earning $15,000/yr) past age 65 for an employer with more than 20 employees who furnishes me with a good Blue Cross/Blue Shield plan. After age 65, I would prefer to just stay on BC/...
by Sandtrap
Thu Oct 04, 2018 10:18 am
Forum: Investing - Theory, News & General
Topic: Real Estate investing - leveraging with a "BULLET" loan
Replies: 17
Views: 1285

Re: Real Estate investing - leveraging with a "BULLET" loan

1. No leverage. Steady income and an RoI of around 3.5-4.5%. If property loses value, the only money at stake is the invested amount. No. You lose the loss of property value, everything invested up to that point including expenses and any rent loss, and the balance of the loan amount. 2. Leverage 8...
by Sandtrap
Thu Oct 04, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: How many months/years of living expenses do you save each year?
Replies: 29
Views: 3409

Re: How many months/years of living expenses do you save each year?

Self employed businessman, so wild fluctuations are common, boom > bust > boom boom > bust bust . . . .
Especially when reinvesting most of the earnings back into the business.
Retirement is far more predictable.
by Sandtrap
Wed Oct 03, 2018 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Real estate vs stock market returns: some unbiased numbers
Replies: 53
Views: 8643

Re: Real estate vs stock market returns: some unbiased numbers

As previously said: Apples and Oranges. Portfolio Investment Finance is a powerful adjunct to R/E income property. IMHO: it is an excellent thing to do with the money you make in R/E. My point of view is a 100% Commitment to R/E income property as a business at all levels. This means, it is a full t...
by Sandtrap
Wed Oct 03, 2018 6:17 pm
Forum: Personal Consumer Issues
Topic: New Apartment, city noise
Replies: 43
Views: 3259

Re: New Apartment, city noise

Bose noise cancellation headphones.
I used to travel and had to sleep in very noisy places.
Works great
by Sandtrap
Wed Oct 03, 2018 12:28 pm
Forum: Personal Consumer Issues
Topic: Landlord wants to raise rent, but is asking if he can?
Replies: 54
Views: 5466

Re: Landlord wants to raise rent, but is asking if he can?

Pay the 2.5% to maintain the relationship. Otherwise, as the landlord's costs add up year by year, he will be faced with a dramatic rise in rent (reality check) to keep up. At that point, you will be hit with a large rise or vacate. Relationships are terrific to have but never forget that it's a "b...
by Sandtrap
Wed Oct 03, 2018 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Advice on renting a property
Replies: 11
Views: 990

Re: Advice on renting a property

Actionably: In no particular order: 1. Get a copy of the "Landlord Tenant Code" in your area and consider it your bible. 2. Get a copy of the local "Realtor's Association" Standard Rental Contract. Redraft it a bit to favor a landlord vs rental agent within the boundaries of the "Landlord Tenant Cod...
by Sandtrap
Wed Oct 03, 2018 9:21 am
Forum: Personal Consumer Issues
Topic: Landlord wants to raise rent, but is asking if he can?
Replies: 54
Views: 5466

Re: Landlord wants to raise rent, but is asking if he can?

Pay the 2.5% to maintain the relationship. Otherwise, as the landlord's costs add up year by year, he will be faced with a dramatic rise in rent (reality check) to keep up. At that point, you will be hit with a large rise or vacate. Relationships are terrific to have but never forget that it's a "bu...
by Sandtrap
Wed Oct 03, 2018 9:17 am
Forum: Investing - Help with Personal Investments
Topic: After 6 months on BH, this is where I'm at...
Replies: 28
Views: 3257

Re: After 6 months on BH, this is where I'm at...

To make this actionable: 1). Any thoughts on having all three muni funds? I'm probably yield-chasing. 2). I plan to bulk up the international by adding to VSS. Target = 20% of total portfolio in VSS. Anybody want to talk me out of it? :oops: 3). My direct real estate equity is about 2x my securitie...
by Sandtrap
Tue Oct 02, 2018 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Adult kids getting help from parents
Replies: 36
Views: 2204

Re: Adult kids getting help from parents

The definition of "help" and "assistance" here is wide and deep. Search past threads for "bank of mom and dad", and so forth.
"Help" ranges from 0 to the moon.
It depends on relationships, finances, need, merit, and willingness.
Actionably?
by Sandtrap
Tue Oct 02, 2018 12:26 am
Forum: Investing - Theory, News & General
Topic: Thoughts on investing for dividends? Website DRIP?
Replies: 7
Views: 774

Thoughts on investing for dividends? Website DRIP?

One of my friends gave me a book titled: "Retirement Investing for Income Only" by "B. Miller". It referred to a website "drip investing.org". http://www.dripinvesting.org/tools/tools.asp As a "Boglehead", I found the approach to retirement income vastly different than what is discussed here. Can an...
by Sandtrap
Sun Sep 30, 2018 10:14 pm
Forum: Personal Consumer Issues
Topic: city water sewer vs well septic
Replies: 36
Views: 2348

Re: city water sewer vs well septic

City water and sewer: it always works. Anything off your property line is fixed at city expense. Well and septic: depends. . . . 1. Friend's well went dry. Drilled 2 holes and finally found water at 1200 feet. Cost. 80k (ouch) 2. DW and I live in a 4500 sf home with 4 baths. Septic system is huge. L...
by Sandtrap
Sun Sep 30, 2018 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner. Want to get mega-rich. Help with portfolio, tips, etc.
Replies: 87
Views: 8471

Re: Beginner. Want to get mega-rich. Help with portfolio, tips, etc.

Wow, this is a lot to sink in. All around great advice.Thanks everyone. One can be "mega rich" without fulfillment, without personal growth (inner riches). Thus, what others have said: Invest in yourself, your education, your skillsets, character, and integrity. With that: The substance . . . and ....
by Sandtrap
Sun Sep 30, 2018 9:12 pm
Forum: Personal Consumer Issues
Topic: How to tell contractor you don't plan to pay him. [Roofing]
Replies: 65
Views: 5934

Re: How to tell contractor you don't plan to pay him.

1. Have you contacted the contractor and given his company and opportunity to remedy the situation? 2. Did the contractor respond to your complaints in a timely manner? 3. Do you have photographs of the installation in various stages, when it was raining, etc? 4. Is the contractor a roofing company ...
by Sandtrap
Sun Sep 30, 2018 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner. Want to get mega-rich. Help with portfolio, tips, etc.
Replies: 87
Views: 8471

Re: Beginner. Want to get mega-rich. Help with portfolio, tips, etc.

1. Investing is what you do with money "After". . . you earn, inherit, or obtain it otherwise. 2. The higher and more regular your income stream, the greater chance you have to accumulate wealth, if also #1. 3. The longer the number of years with consistent income, then #2, #1. 4. Typically, the hig...
by Sandtrap
Sun Sep 30, 2018 2:26 pm
Forum: Personal Consumer Issues
Topic: Botched Roof Job. What to do.
Replies: 15
Views: 1911

Re: Botched Roof Job. What to do.

Who is doing your roof inspection? In my little burb, the city inspectors are so talented they can approve roofs with nothing more than signing off on the permit. Look at different times to see underlayment? Not them. Look to see correct length/spacing of nails? Nah, not needed. Climb a ladder to c...
by Sandtrap
Sun Sep 30, 2018 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Help me with avoiding liability for personal injury on our property
Replies: 23
Views: 1879

Re: Help me with avoiding liability for personal injury on our property

Proactively and actionably. 1. Umbrella policy in addition to your homeowners policy. 2. Ascertain who owns the retaining wall. 3. If you own the retaining wall, take measures so that it cannot be walked on with the following options amongst many: a. Mix concrete and make the top surface of the wal...
by Sandtrap
Sun Sep 30, 2018 1:13 pm
Forum: Personal Consumer Issues
Topic: Botched Roof Job. What to do.
Replies: 15
Views: 1911

Re: Botched Roof Job. What to do.

Who is doing your roof inspection? In my little burb, the city inspectors are so talented they can approve roofs with nothing more than signing off on the permit. Look at different times to see underlayment? Not them. Look to see correct length/spacing of nails? Nah, not needed. Climb a ladder to c...
by Sandtrap
Sun Sep 30, 2018 11:21 am
Forum: Personal Consumer Issues
Topic: Water on Countertop in Basement
Replies: 15
Views: 1210

Re: Water on Countertop in Basement

Idea. --Buy a water alarm ("The Watchdog" water alarm, HD, 9v). --Dry the spot. --Put water alarm in same spot. --Wait for it to alarm and then go see where the water is coming from. When done with this experiment. Place water alarm in basement near water heater, or under first-floor water sources ...
by Sandtrap
Sun Sep 30, 2018 10:05 am
Forum: Personal Finance (Not Investing)
Topic: The Next Millionaire Next Door: Enduring Strategies for Building Wealth Hardcover will be released October 1, 2018
Replies: 68
Views: 13146

Re: The Next Millionaire Next Door: Enduring Strategies for Building Wealth Hardcover will be released October 1, 2018

I wonder what is equivalent to a millionaire these days. Per a CPI calculator, $1MM in 1996 (original publication date) is now $1.63MM. Add on top of that a paid off house, and you're closer to $2MM for NW. The original book seemed to stress the importance of owning your own business, but I would t...