Bogleheads.org

TheJoker

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...

TheJoker

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...

TheJoker

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...

TheJoker

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...

TheJoker

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

TheJoker

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

TheJoker

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

The Joker

TheJoker

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

TheJoker

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

TheJoker

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...

TheJoker

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

TheJoker

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

TheJoker

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

theJokerhttps://www.bogleheads.org/forum/posting.php?f= ... 6067f8b57c#

TheJoker

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

The Joker

TheJoker

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

TheJoker

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...

TheJoker

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

TheJoker

Buffett has said "Common sense is not that common"

theJoker

TheJoker

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

TheJoker

TheJoker

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.

TheJoker

Read Bogle's books, he has been investing for 60 plus years. Most of us have not.

TheJoker

You can, Invest early and often. What's your point ?

TheJoker

TheJoker

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

TheJoker

TheJoker

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...

TheJoker

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...

TheJoker

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

TheJoker Good Luck

TheJoker

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

TheJoker

TheJoker

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

TheJoker

TheJoker

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...

TheJoker

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...

TheJoker

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...

TheJoker

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

TheJoker

TheJoker

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

TheJoker

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

TheJoker

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

TheJoker

Congrats for leaving Ameriprise. Now read the John Bogle books in the suggested reading list and you will understand the Bogleheads.

TheJoker

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...

TheJoker

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....

TheJoker

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.

TheJoker

At your age, 500 Index and forget others. Go Vanguard.

TheJoker

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.

TheJoker

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% ...

TheJoker

Looking at all those graphs present above, it make me wonder if Bogle isn't correct about revision to the mean.

TheJoker

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.
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Low cost index and let it ride for a long time.

TheJoker

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...

TheJoker

Transfer what ever you own in a "like kind" transfer. Talk to Vanguard, no need to liquidate.

TheJoker

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 ...

TheJoker

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.

TheJoker

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...

TheJoker

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.

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