Search found 58 matches

by TheJoker
Thu Jun 22, 2017 6:02 pm
Forum: Personal Investments
Topic: Investment path for home (cha-ching)
Replies: 14
Views: 1938

Re: Investment path for home (cha-ching)

With a gross of $110, I estimate your monthly net to be $6K. It seems to me that you should be able to save more than $1,000 per month. I would review your monthly expenses and cut out luxuries as much as possible if you want to buy a home. My opinion is that a home is a long term financial necessit...
by TheJoker
Sun Jun 18, 2017 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating a House Using Seller's Agent (opinions wanted)
Replies: 101
Views: 9550

Re: Negotiating a House Using Seller's Agent (opinions wanted)

Write a letter to the owner (now) with your offer and NO commission effective subsequent to the expiration of the listing. Request them to notify you when the listing expires. Subsequent to the listing expiration, both of you go directly to a different escrow (if they have suggested one) and have th...
by TheJoker
Sat Jun 17, 2017 7:38 pm
Forum: Personal Investments
Topic: Options for Saving for a First-Home Down Payment
Replies: 25
Views: 3350

Re: Options for Saving for a First-Home Down Payment

Buy a home or condo as soon as you can and lock in that mortgage (rent) payment for 30 years because rents increase 3-4% per year (long term). And sale prices increase at least that much over the long run. You will also put the interest deduction on schedule A. Rent as you know is not a deduction. f...
by TheJoker
Wed Jun 14, 2017 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: How many of you have rentals (i.e. you're a landlord)? Are they worth it?
Replies: 74
Views: 9424

Re: How many of you have rentals (i.e. you're a landlord)? Are they worth it?

I've been a landlord for 40 years. It's been good to me. But I've said this 100 times..............................if you do not have the personality to evict your "mother" on Christmas eve...............forget it. Secondly, its all about location (surprise). Holding period averaged 20 yea...
by TheJoker
Tue Jun 13, 2017 7:46 am
Forum: Investing - Theory, News & General
Topic: Favorite Feature of Vanguard Website?
Replies: 67
Views: 10065

Re: Favorite Feature of Vanguard Website?

I like the RMD graphs where I can project my RMD and 401K balance for future years based on the estimated growth of the portfolio. And I also like the ability to graph the change in the growth rate from say 4% to 5% growth (or any percent). I find this is good for future income tax planning. The Joker
by TheJoker
Tue Jun 06, 2017 4:57 pm
Forum: Personal Investments
Topic: New to Bogleheads
Replies: 12
Views: 1353

Re: New to Bogleheads

Read everything by Bogle. It will be the best and cheapest advice you can get. He has been in the investment business for 65 years.

Welcome to the promise land. The Joker
by TheJoker
Tue Jun 06, 2017 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Please talk me out of a turnkey rental property
Replies: 78
Views: 10883

Re: Please talk me out of a turnkey rental property

"turnkey" rental is an oxymoron. I've been doing it for 40 years. It was lucrative in San Diego, but not turnkey.

The Joker
by TheJoker
Sun Jun 04, 2017 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: What's the difference between a Trust and a Will?
Replies: 24
Views: 2935

Re: What's the difference between a Trust and a Will?

I'm sorry Gill, I see that I have offended an attorney [OT comment removed by moderator triceratop]. Although it should be noted that you did not say that anything I noted was incorrect.

The Joker
by TheJoker
Sun Jun 04, 2017 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: 7 yr ARM vs 30 Yr for new construction Condo
Replies: 22
Views: 3011

Re: 7 yr ARM vs 30 Yr for new construction Condo

Why not lock up a mortgage for 30 years with that "low" rate. Why gamble on what the rates may be in 7 or 10 years ? I'm 70 years old and I have seen mortgage rates between 10-12 %. So my perspective is the rates are now "low".

The Joker
by TheJoker
Sun Jun 04, 2017 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: What's the difference between a Trust and a Will?
Replies: 24
Views: 2935

Re: What's the difference between a Trust and a Will?

A will may take from 6 months to a year to probate depending what you own (real estate will prolong the probate process). A trust allows your successor trustee to have control of you assets immediately. With a will, the court may appoint a third party to control/manage your home (real estate) and as...
by TheJoker
Sun Jun 04, 2017 11:15 am
Forum: Personal Investments
Topic: Adding beneficiaries to a non-retirement account
Replies: 14
Views: 2248

Re: Adding beneficiaries to a non-retirement account

My approach was to set up a trust. My non-retirement assets are in a trust and I can change the trust at any time. Also the trust avoids probate (a high cost in California, as everything else.)

The Joker
by TheJoker
Sun Jun 04, 2017 9:36 am
Forum: Investing - Theory, News & General
Topic: Shiller: Stock market will rise 50 percent
Replies: 27
Views: 5298

Re: Shiller: Stock market will rise 50 percent

He could be correct. But when Buffett and Munger say that they don't know where the market will be next month or next year, I'll go with their views.

They have been investing for more then 60 years.

The Joker
by TheJoker
Thu Jun 01, 2017 5:11 pm
Forum: Investing - Theory, News & General
Topic: How do you fight the urge to micromanage?
Replies: 57
Views: 6132

Re: How do you fight the urge to micromanage?

Only micromanage a small portion of your portfolio, say 10-15%. That satisfies me urge.

theJokerhttps://www.bogleheads.org/forum/posting.php?f= ... 6067f8b57c#
by TheJoker
Tue May 30, 2017 11:18 am
Forum: Investing - Theory, News & General
Topic: "Mind the Gap 2017"
Replies: 14
Views: 2823

Re: "Mind the Gap 2017"

The math is possible because investors/speculators buy high and sell low. They would have been better staying the course.

The Joker
by TheJoker
Fri May 26, 2017 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Meeting with retirement guru, specializes in federal govt employees
Replies: 72
Views: 11575

Re: Meeting with retirement guru, specializes in federal govt employees

If he is a guru, ask him why he is still working ? I would think that any guru would be so financially set that he would not be still working.

Read books by Bogle. He has been investing for more than 60 years. Even Buffett acknowledges him for the average investor.

TheJoker
by TheJoker
Fri May 26, 2017 4:27 pm
Forum: Personal Investments
Topic: Really trying to understand no bonds in taxable
Replies: 46
Views: 5144

Re: Really trying to understand no bonds in taxable

Put in a "stop loss" at a point when you want to get out of the market. Why would you wait for the market to go down 50% ? OR maybe your portfolio should contain enough dividends to carry you through a down turn. I have no bonds, but a % of my portfolio is in consumer staples that pays a 2...
by TheJoker
Fri May 26, 2017 4:15 pm
Forum: Personal Investments
Topic: Finding fund distributions
Replies: 5
Views: 776

Re: Finding fund distributions

go to the Vanguard where you sign in and look just below that where it says Browse Vanguard Mutual funds. Click on that and then select a search to find your index. Highlight your index fund. Then select distributions. You should see the distributions for several past years.

The Joker
by TheJoker
Mon May 22, 2017 2:47 pm
Forum: Investing - Theory, News & General
Topic: Why Invest in Average?
Replies: 34
Views: 4907

Re: Why Invest in Average?

Buffett has said "Common sense is not that common"

theJoker
by TheJoker
Mon May 22, 2017 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Which Bogleheads Book to Gift?
Replies: 5
Views: 1114

Re: Which Bogleheads Book to Gift?

Give them both...........big spender. Then you can borrow them both.

TheJoker
by TheJoker
Sun May 21, 2017 7:32 pm
Forum: Personal Investments
Topic: The Novice [need books/resources for learning]
Replies: 11
Views: 1520

Re: The Novice [need books/resources for learning]

All books written by John Bogle (buy used on Amazon). Also all the Berkshire Hathaway letter to the stockholder posted on their web site. These two gentlemen have been investing for 60 plus years each.
by TheJoker
Sat May 20, 2017 10:42 pm
Forum: Personal Investments
Topic: One Last Beginner Question Regarding Bonds
Replies: 26
Views: 3668

Re: One Last Beginner Question Regarding Bonds

Read Bogle's books, he has been investing for 60 plus years. Most of us have not.
by TheJoker
Sat May 20, 2017 4:15 pm
Forum: Personal Consumer Issues
Topic: Lawyers charging for asking about fees
Replies: 62
Views: 10160

Re: Lawyers charging for asking about fees

99% of all attorneys......................................... make the rest of them look bad.

TheJoker
by TheJoker
Tue May 16, 2017 6:47 pm
Forum: Personal Investments
Topic: Help, pay off house or invest?
Replies: 37
Views: 4545

Re: Help, pay off house or invest?

INVEST. In the last 15 years of your loan, you are substantially paying down the principal every month. Investing early will compound over the years and make that loan insignificant. the payment will not increase. I know I am in the minority here because most focus on the interest being paid. But ov...
by TheJoker
Tue May 16, 2017 6:21 pm
Forum: Personal Investments
Topic: Almost done saving for emergency fund...now what?
Replies: 8
Views: 1547

Re: Almost done saving for emergency fund...now what?

Read the "Suggested Reading" list to the left side of this posting. Read everything by Bogle and Buffett (Berkshire annual letters on their web site) . They have each been doing investing for 60 plus years. Yes.....I know it is work and you would like a short cut but, we have all learned t...
by TheJoker
Tue May 16, 2017 6:12 pm
Forum: Personal Investments
Topic: Artificial Intelligence ETF
Replies: 12
Views: 4375

Re: Artificial Intelligence ETF

Try etf .....BOTZ....I think that is one AI etf

TheJoker Good Luck
by TheJoker
Tue May 16, 2017 12:10 pm
Forum: Personal Investments
Topic: VNQ vs Crowdedfunded Real Estate
Replies: 18
Views: 3036

Re: VNQ vs Crowdedfunded Real Estate

If you are looking to throw gas on your fire, I suggest you look at a 10% slice in VGT.

TheJoker
by TheJoker
Tue May 16, 2017 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Is it legal to use a first mortgage for an investment property?
Replies: 40
Views: 3560

Re: Is it legal to use a first mortgage for an investment property?

Does his mortgage require him to notify them of his residential statue ? That would answer your question.

TheJoker
by TheJoker
Mon May 15, 2017 9:41 pm
Forum: Personal Investments
Topic: Help with portfolio
Replies: 5
Views: 1007

Re: Help with portfolio

Bogle has often said 'buy the haystack and don't try to pick out the needles in a haystack. You may be trying to pick out needle with you DRIPs. Secondly at your age you will probably live an additional 20 years. Do you think all your CDs are a good idea for the next 20 years ? I'm just trying to gi...
by TheJoker
Mon May 15, 2017 9:11 pm
Forum: Personal Investments
Topic: Newbie investing questions
Replies: 20
Views: 2431

Re: Newbie investing questions

You are correct, this is a lot. Being an investor for over 40 years I think it is safe to say that we all start out with many more funds then we need. Eventually most of us end up with a simple low cost stock index and a low cost bond fund. Bogle has said and Buffett agrees that the average investor...
by TheJoker
Mon May 15, 2017 8:47 pm
Forum: Personal Investments
Topic: Need some guidance
Replies: 14
Views: 1547

Re: Need some guidance

Welcome to the site, Bogleheads are here to help even though we differ in out asset allocation based on age, cash flow, finance etc. Talking to Vanguard is very good advice. They are not there to sell you on anything. I would suggest you read some of the Bogle books listed on the left margin of this...
by TheJoker
Sun May 14, 2017 10:50 am
Forum: Personal Investments
Topic: Vanguard's safest all-equity fund
Replies: 59
Views: 9553

Re: Vanguard's safest all-equity fund

Paul, the loss of VDC in 2008 was 10%. Please check me on this.

TheJoker
by TheJoker
Sun May 14, 2017 10:31 am
Forum: Personal Investments
Topic: Vanguard's safest all-equity fund
Replies: 59
Views: 9553

Re: Vanguard's safest all-equity fund

Nisiprius, thanks for your graph, I needed the source. Now please add VDC to to the graph to answer the original question about all equity funds. VBINX is not all equity.

Thanks again it confirms my suspicion. TheJoker
by TheJoker
Sun May 14, 2017 9:28 am
Forum: Personal Investments
Topic: Why would anyone buy a condo (from an investment standpoint)
Replies: 45
Views: 9827

Re: Why would anyone buy a condo (from an investment standpoint)

1. Appreciation of value. (Location San Diego)
2. Depreciation. (to offset earned income.)
3. Diversification of investments.
4. No additional interest income or dividends while being employed.

TheJoker
by TheJoker
Sun May 14, 2017 9:10 am
Forum: Personal Investments
Topic: I'm hoping I didn't quit too soon
Replies: 8
Views: 3169

Re: I'm hoping I didn't quit too soon

Being with Vanguard will help with the cost of investing. Read books by Bogle and letters to Berkshire stockholder by Buffett. They have been investing for 70 years each.
TheJoker
by TheJoker
Sun May 14, 2017 8:47 am
Forum: Personal Investments
Topic: Left Ameriprise, Looking for general comments and advice
Replies: 22
Views: 2661

Re: Left Ameriprise, Looking for general comments and advice

Congrats for leaving Ameriprise. Now read the John Bogle books in the suggested reading list and you will understand the Bogleheads.
by TheJoker
Sun May 14, 2017 8:38 am
Forum: Personal Investments
Topic: Vanguard's safest all-equity fund
Replies: 59
Views: 9553

Re: Vanguard's safest all-equity fund

I agree with with what "nisiprius" posted above. I asked myself this question several years ago. My research concluded that consumer staples was the answer. I compared the various graphs during the 2008 downturn and found that VDC went down less then any other fund I could find. I am 70% c...
by TheJoker
Fri May 12, 2017 8:42 am
Forum: Personal Investments
Topic: Vanguard Information Technology - VGT or VITAX
Replies: 80
Views: 20881

Re: Vanguard Information Technology - VGT or VITAX

17% of my portfolio is in VGT. Can anyone deny that information tech is the wave of the future ? As someone previously mentioned, look at the size of those companies. 40% of the fund investment is in the top 10 mega companies. Businesses spend a lot of the earnings to purchase information about you....
by TheJoker
Thu May 11, 2017 6:19 pm
Forum: Investing - Theory, News & General
Topic: If not Past Performance, how do you evaluate a fund/etf?
Replies: 18
Views: 1886

Re: If not Past Performance, how do you evaluate a fund/etf?

Don't evaluate. Just buy and hold the market in stocks and bonds indexes according to your AA. Don't try to make this complex. You need to read a book or two written by Bogle. He has been investing for some 60 years. He and Buffett have seen it all and have spent their lives investing.
by TheJoker
Wed May 10, 2017 8:10 pm
Forum: Personal Investments
Topic: Help me choose my "lazy" 457b portfolio
Replies: 6
Views: 1374

Re: Help me choose my "lazy" 457b portfolio

At your age, 500 Index and forget others. Go Vanguard.
by TheJoker
Wed May 10, 2017 7:53 pm
Forum: Investing - Theory, News & General
Topic: Performance chasing... vs staying the course
Replies: 9
Views: 1441

Re: Performance chasing... vs staying the course

Here is what works for me. I stay the course, BUT I chase with 10% of my portfolio. Your chase % may higher or lower. All Vanguard funds, 10% VGT (Information Tech). It works for me. The Joker.
by TheJoker
Tue May 09, 2017 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: How should I refinance my resident home?
Replies: 23
Views: 1891

Re: How should I refinance my resident home?

I have owned stocks and real estate income property for 40 years. Depending on your desire to be a landlord (and mine has decreased with age), either asset is a good option for a 30 year loan. With the Vanguard 500 Index you should obtain a 6-7% return over the long term. Since you will obtain a 4% ...
by TheJoker
Tue May 09, 2017 5:33 pm
Forum: Investing - Theory, News & General
Topic: Dividend stocks vs S&P 500
Replies: 24
Views: 6659

Re: Dividend stocks vs S&P 500

Looking at all those graphs present above, it make me wonder if Bogle isn't correct about revision to the mean.
by TheJoker
Fri May 05, 2017 11:08 am
Forum: Investing - Theory, News & General
Topic: Tips From Older Bogleheads?
Replies: 51
Views: 7152

Re: Tips From Older Bogleheads?

If you can not follow Bogle advice 100%, allow yourself to deviate from indexes or ? ? with 10% of your portfolio.

I could not resist timing the market. BUT, ........now I only do that with 10% of my portfolio.
[/u]
Low cost index and let it ride for a long time.
by TheJoker
Mon May 01, 2017 9:29 pm
Forum: Personal Investments
Topic: If you had 30,000 dollars to invest in your future, how would you do it?
Replies: 49
Views: 7765

Re: If you had 30,000 dollars to invest in your future, how would you do it?

In addition to investing in a Roth in the 500 index at Vanguard that other have noted, you may consider employment with either Home Depot or Costco. They both have employee investment programs in their stock for employees, promote from within and encourage education. I am not sure about the educatio...
by TheJoker
Fri Apr 21, 2017 6:33 pm
Forum: Personal Investments
Topic: [How do I sell my Roth IRA funds to buy Vanguard?]
Replies: 4
Views: 742

Re: [How do I sell my Roth IRA funds to buy Vanguard?]

Transfer what ever you own in a "like kind" transfer. Talk to Vanguard, no need to liquidate.
by TheJoker
Fri Apr 21, 2017 6:30 pm
Forum: Investing - Theory, News & General
Topic: Anybody purposely loading up on mortgage debt?
Replies: 107
Views: 12678

Re: Anybody purposely loading up on mortgage debt?

I'm one of the 10% of people who believes 4% mortgage interest is great because I can invest the cash flow from not paying off the debt in the 500 index at a long term rate of return of 7%. This is what banks have been doing forever. They give you 2% on your savings and lend it out at a much higher ...
by TheJoker
Fri Apr 21, 2017 11:19 am
Forum: Personal Finance (Not Investing)
Topic: When does it make sense to start paying down (or off) a low rate mortgage?
Replies: 53
Views: 10617

Re: When does it make sense to start paying down (or off) a low rate mortgage?

Someone please explain why you would pay down or off a 3 or 4% mortgage when the long term 500 index will return you 7% ? Invest at 7% and forget the interest on a 4% mortgage.
by TheJoker
Thu Apr 20, 2017 10:33 am
Forum: Personal Finance (Not Investing)
Topic: I will pay off mortgage at 40. What next?
Replies: 22
Views: 8629

Re: I will pay off mortgage at 40. What next?

REFINANCE !!!!! For those of you that pay off your mortgage, lets look at my avenue to financial security. Borrowed money is tax free. I continue to borrow (mortgage) at 4% and invest in the stock market with my return of 8 to 10% return over the past 10 years. (6 to 8% long term in a simple 500 ind...
by TheJoker
Wed Apr 19, 2017 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: To refinance or not?
Replies: 11
Views: 1364

Re: To refinance or not?

Do you know what the interest rates will be in 5 years? Why gamble for a better rate for 5 years ? 4% is a great rate when the market will give you a 6 to 8% return over time (the next 30 years of your mortgage). I'll take that spread every time.