Search found 290 matches

by GibsonL6s
Wed Sep 18, 2019 4:20 pm
Forum: Personal Investments
Topic: Investing in an apt complex through a real estate equity firm
Replies: 40
Views: 2420

Re: Investing in an apt complex through a real estate equity firm

As I have previously posted as a 30 year RE industry veteran, I would never invest passively in another's deal. In RE control is everything both in driving the strategy and making sure the capital is well taken care of. Additionally, RE like stocks have had a very good 10 year run. Rents are up and ...
by GibsonL6s
Tue Sep 17, 2019 3:19 pm
Forum: Personal Investments
Topic: Failing at Market Timing & Stock Picking- How to get an Asset Allocation I'm Comfortable With
Replies: 44
Views: 3982

Re: Failing at Market Timing & Stock Picking- How to get an Asset Allocation I'm Comfortable With

Tldr My commitment: I will not sell any assets from my major portfolio listed above without posting here first and waiting 3 days, 72 full hours. I will rebalance by adding into the underweighted assets. Earning cash, naturally, cash will be overweight from the 5% and be distributed to the other as...
by GibsonL6s
Wed Sep 11, 2019 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Hard Money Loans
Replies: 34
Views: 5793

Re: Hard Money Loans

The hard money loans I am talking about are for investors flipping property. They put 25% up front when they purchase the property at auction. Then after they rehab, and sell. I get my money back. It pays 14% interest per month plus 2 points up front. I have a mortgage on the property they own. If ...
by GibsonL6s
Fri Aug 23, 2019 4:27 pm
Forum: Investing - Theory, News & General
Topic: Looking at investment asset allocation in more detail than stocks/bonds
Replies: 46
Views: 4673

Re: Looking at investment asset allocation in more detail than stocks/bonds

I have less than 10% in individual stocks, leveraged ETFs and high yield muni which are pre BH investments. My day job provides RE exposure, so I do not invest in RE assets outside of work. I have virtually no interest in thinking about anything other than what I want my AA to be. I could see an occ...
by GibsonL6s
Wed Aug 14, 2019 1:59 pm
Forum: Investing - Theory, News & General
Topic: Muni bond advice - high yield
Replies: 24
Views: 1794

Re: Muni bond advice - high yield

If you look at the returns of MUC vs MUB since 3/2013 MUC has been lower than MUB with 3X the volatility. I own some of the Nuveen Short Duration HY Muni mutual fund and it better returns than either MUC or MUB with lower volatility. YMMV, Good luck
by GibsonL6s
Mon Aug 05, 2019 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Financial anxiety and next steps in relationship
Replies: 102
Views: 7600

Re: Financial anxiety and next steps in relationship

I have another key thing I would want to know. Was the SL debt the result of a more expensive choice to go to a private school or out of state option instead of a local in state school that would have resulted in way less debt. The answer to this would be key to one's attitude toward money. If someo...
by GibsonL6s
Wed May 29, 2019 5:01 pm
Forum: Personal Consumer Issues
Topic: Hyundai Sonata for college.
Replies: 31
Views: 2154

Re: Hyundai Sonata for college.

Please check the recent news for the issues the company is having with this model. After a software update to make the knock sensors more sensitive to avoid engine failure many including mine can go into limp mode stranding the driver. My car was ultimately fixed but there is an issue with their The...
by GibsonL6s
Thu Apr 04, 2019 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Just Bought an Annuity
Replies: 171
Views: 16580

Re: Just Bought an Annuity

I can see skipping the COLA but not the cash refund or period certain. These seem like a reasonable way to assure the insurance company does not get an outsized return while still providing lifetime income. Why do you care if the insurance company gets lucky? Would it bother you if your neighbor wo...
by GibsonL6s
Tue Apr 02, 2019 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Just Bought an Annuity
Replies: 171
Views: 16580

Re: Just Bought an Annuity

I can see skipping the COLA but not the cash refund or period certain. These seem like a reasonable way to assure the insurance company does not get an outsized return while still providing lifetime income.
by GibsonL6s
Mon Feb 25, 2019 6:06 pm
Forum: Personal Consumer Issues
Topic: Is Hyundai the value sweet spot?
Replies: 139
Views: 13978

Re: Is Hyundai the value sweet spot?

I have owned 2 Hyundai cars. I bought my son a new elantra coupe (they don't make them anymore) and when he went to college I communted in it for years Drove it 70,000 miles and got rear ended totaling it. The trunk crunched and the axle bent, but I am not sure any car that size would have done any ...
by GibsonL6s
Fri Feb 08, 2019 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Question about taxes after someone dies
Replies: 5
Views: 978

Question about taxes after someone dies

My father passed away in late 2018. He had an IRA which we have received after setting up inherited IRAs and a brokerage account held in a trust. Due to a family situation, the brokerage account was managed by Fido and the bills were paid by a fiduciary. The fiduciary in an abundance of caution has ...
by GibsonL6s
Tue Feb 05, 2019 12:42 pm
Forum: Personal Consumer Issues
Topic: How to give notice to unresponsive landlord without his address?
Replies: 47
Views: 3036

Re: How to give notice to unresponsive landlord without his address?

What does the notice provision of the lease say. legal documents contain notice provisions and it may state what needs to be done. I would email or text the notice and ask the landlord for a physical address so you can also mail a copy. A court would not look kindly on a LL being evasive to charge a...
by GibsonL6s
Thu Jan 24, 2019 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Why doesn't a lot of money feel like a lot of money?
Replies: 205
Views: 22386

Re: Why doesn't a lot of money feel like a lot of money?

I have started to view money for the future income it provides. So when I get my bonus I cut the number in half (taxes) and then take 4% (SWR). My wife hates this math. So an example 50k bonus becomes in my mind $1,000 of annual retirement income. It is humbling but relevant math. :happy
by GibsonL6s
Fri Jan 18, 2019 2:42 pm
Forum: Personal Investments
Topic: Should I dump our wealth planner/financial advisor?
Replies: 49
Views: 5920

Re: Should I dump our wealth planner/financial advisor?

The Boglehead philosophy is not really about research. It is about picking and asset allocation you can live with based on a true understanding of your risk tolerance and then implementing a simple, low cost passive portfolio. The key question is absent an advisor can you stay the course you pick.
by GibsonL6s
Wed Jan 16, 2019 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 619
Views: 60167

Re: Why are your NOT buying rental properties?

Because my day job is institutional real estate, so I already get 40 plus hours of RE a week. :happy
by GibsonL6s
Tue Jan 15, 2019 4:56 pm
Forum: Personal Investments
Topic: Super Aggressive MF or ETFs?
Replies: 20
Views: 1321

Re: Super Aggressive MF or ETFs?

Since you said long term, leveraged ETFs would not fit since they are more aggressive but typically on a short term. The more narrow the focus or concentrated the risk, the greater return potential. So small cap is going to be more risky than than say total market. Since 2006 Vanguard's small cap ET...
by GibsonL6s
Fri Jan 04, 2019 4:46 pm
Forum: Investing - Theory, News & General
Topic: 2019 Hedge Fund Contest
Replies: 227
Views: 18205

Re: 2019 Hedge Fund Contest

The In with Old Out with the New Fund

Long

Exxon Mobil - XOM
Atria - MO

Short

Tesla - TSLA
by GibsonL6s
Thu Jan 03, 2019 1:49 am
Forum: Investing - Theory, News & General
Topic: BRK.B in 2019
Replies: 16
Views: 2489

Re: BRK.B in 2019

For fun I bought 10,000 of the stock when the b shares came since if you invested 10k with WB in the 60s you had a gazillion. I have about what I would have if I bought an index fund. I think he has so much cash and has to do really big deals that I am not sure it will be a dramatic outperformed in ...
by GibsonL6s
Thu Dec 27, 2018 12:59 pm
Forum: Investing - Theory, News & General
Topic: How to value an ETF
Replies: 8
Views: 796

Re: How to value an ETF

Ben’s formulas were for individual stocks not the market as a whole. Also many now feel his formulas are not applicable to today’s world. His books contain the formulas and some online sites have screens to find stocks fitting the criteria As far a valuing the market there are many pundits touting a...
by GibsonL6s
Mon Dec 24, 2018 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Wow, Behaviorial Finance is Real
Replies: 49
Views: 9390

Wow, Behaviorial Finance is Real

I used to dismiss it as not really a thing but the last few days and weeks I can see how important this is. I am not criticizing anyone as it is hard to see losses show up but I can see how hard it is to stay the course for many. Today I TLHd for the second time this year capturing over 75k of losse...
by GibsonL6s
Sun Dec 23, 2018 11:57 am
Forum: Personal Investments
Topic: Does this rental have good numbers?
Replies: 15
Views: 1779

Re: Does this rental have good numbers?

We’re these numbers provided by a management company and do they include any utilities customarily provided in your area? If you were looking at investment property you would want the unleavened return which is called the capitilaztion rate to be higher than this is providing. The management fee doe...
by GibsonL6s
Sun Dec 23, 2018 11:42 am
Forum: US Chapters
Topic: My Christmas Present To You
Replies: 108
Views: 12432

Re: My Christmas Present To You

Taylor. First Christmas here. Thank you for this wonderful message and your service. Enjoy the holidays.
by GibsonL6s
Sat Dec 22, 2018 4:43 pm
Forum: Investing - Theory, News & General
Topic: All the "should I be 100% stocks" threads over the last year.
Replies: 185
Views: 15702

Re: All the "should I be 100% stocks" threads over the last year.

The only reason l question 100% stocks is that historically 85/15 provides the about same returns with less volatility. Wouldn’t an investor want that? Do you have a source for that? https://retirementresearcher.com/people-saying-bonds-dont-provide-diversification-benefits-couldnt-wrong/ Plus I bac...
by GibsonL6s
Sat Dec 22, 2018 12:01 pm
Forum: Investing - Theory, News & General
Topic: All the "should I be 100% stocks" threads over the last year.
Replies: 185
Views: 15702

Re: All the "should I be 100% stocks" threads over the last year.

The only reason l question 100% stocks is that historically 85/15 provides the about same returns with less volatility. Wouldn’t an investor want that?
by GibsonL6s
Thu Dec 20, 2018 6:11 pm
Forum: Investing - Theory, News & General
Topic: Who's buying today? where's all the "dry powder" folks at? :)
Replies: 255
Views: 25364

Re: Whose buying today? where's all the "dry powder" folks at? :)

I just TLHd from SCHB to VTI. I only rebalance once a year in taxable when bonuses are paid. 401K does it automatically, so nothing for me to do yet.
by GibsonL6s
Wed Dec 19, 2018 12:55 am
Forum: Personal Investments
Topic: TLH SCHB to VTI
Replies: 7
Views: 705

Re: TLH SCHB to VTI

Thanks for replies I will proceed of course knowing there may be a risk.
by GibsonL6s
Tue Dec 18, 2018 4:26 pm
Forum: Personal Investments
Topic: what to do with cash if very risk averse?
Replies: 59
Views: 5980

Re: what to do with cash if very risk averse?

Current AA is something like this: I have just about half as much as in my portfolio as I do sitting in cash, but I am very reluctant to invest anymore in anything else risky. I also don't need any of this cash for a while. Really unless the cash is a legitimate emergency fund, you have an asset al...
by GibsonL6s
Tue Dec 18, 2018 11:24 am
Forum: Personal Investments
Topic: TLH SCHB to VTI
Replies: 7
Views: 705

TLH SCHB to VTI

I have a loss now in SCHB and have frankly since joining this site wanting a get into an even broader index. I am assuming if I sell SCHB (Schwab US Broad Market 2400 stocks) and buy VTI (Vanguard Total Stock Market 3600 stocks) I am good. Thoughts?
by GibsonL6s
Tue Dec 18, 2018 11:15 am
Forum: Personal Investments
Topic: Is anyone's portfolio not tanking???
Replies: 129
Views: 14027

Re: Is anyone's portfolio not tanking???

First off, this is not tanking. If you bought on the highest day of this year today you are down 12%. Stocks do what they do, no risk no reward. But to answer you question, I am sure somewhere there is some one who moved to cash, hedged their portfolio, shorted the market, or bought inverse ETFs. Bu...
by GibsonL6s
Mon Dec 17, 2018 5:59 pm
Forum: Investing - Theory, News & General
Topic: Gundlach says passive investing has reached 'mania' status and says investors should avoid index funds
Replies: 52
Views: 5734

Re: Gundlach says passive investing has reached 'mania' status and says investors should avoid index funds

Is there a point to this rant? :confused “the worst thing you can do is what everybody has done: Crowd into S&P 500 index funds because that’s the most expensive market.” I am not even sure what this means. The S&P is more expensive than the Nasdaq?. What I find so funny is the idea that all index i...
by GibsonL6s
Fri Dec 14, 2018 4:02 pm
Forum: Personal Investments
Topic: Retiring next year, would appreciate some advice
Replies: 30
Views: 3398

Re: Retiring next year, would appreciate some advice

Congratulations on the retirement, you have done very well. What are the tax consequences of selling company stock. If you sell it and reinvest you will be more diversified, but see a reduced income since it yields above the Dividend Yield of the S&P and you may have less to invest. There may be a w...
by GibsonL6s
Thu Dec 13, 2018 3:18 pm
Forum: Personal Investments
Topic: Investment advice for stocks?
Replies: 16
Views: 1502

Re: Investment advice for stocks?

Personally I would keep it simple and put it all in the S&P500 fund, at least for awhile. I didn't see that as choice here. Mhadden1 nailed it unless you want some Intl, then I would do the FA 2060 which is 86% stocks 54/32 domestic/Intl. It would be about 6% domestic bonds, so it would not make mu...
by GibsonL6s
Wed Dec 12, 2018 4:04 pm
Forum: Investing - Theory, News & General
Topic: Pitfalls of Backtesting
Replies: 4
Views: 356

Re: Pitfalls of Backtesting

I only use one real backtest

1. I look at how a fund or ETF did from 01/01/2008 to 01/01/2009. This one is particularly useful in dissuading me from chasing yield on FI funds. Once I see that many got destroyed in this time frame, I realize I should take risk on the equity side for the most part.
by GibsonL6s
Tue Dec 11, 2018 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 23828

Re: What percentage of your net worth is your home equity?

I had never thought to calculate until now. It is 16%. House has a 43% loan on it. Percent of value not interest rate :happy
by GibsonL6s
Mon Dec 10, 2018 12:59 pm
Forum: Personal Consumer Issues
Topic: Guitar Players -CAGED system
Replies: 22
Views: 2405

Re: Guitar Players -CAGED system

I learned the minor and major pentatonic shapes and the chords that go along with them first. It this point I find my way around the fretboard using the three major and minor triads you make on the top three high strings. Here is a handy chart and good explanation of the system as well. http://www.h...
by GibsonL6s
Fri Dec 07, 2018 10:31 am
Forum: Personal Investments
Topic: Solid my entire portfolio 12/3/18
Replies: 49
Views: 9090

Re: Solid my entire portfolio 12/3/18

I sold all my mutual funds because my portfolio was scattered with little rhyme nor reason. It had worked well over the years, but now that retirement is close I need something with a sensible game plan. I reinvested yesterday with my 50/50 aa. Off I go and I am not looking back. Thanks for the opi...
by GibsonL6s
Thu Dec 06, 2018 7:48 pm
Forum: Personal Investments
Topic: Solid my entire portfolio 12/3/18
Replies: 49
Views: 9090

Re: Solid my entire portfolio 12/3/18

Does sold it all mean it was all stocks. If so if this is a tax deferred account buy a single target date fund with the aa you are comfortable with and move on your day.
by GibsonL6s
Thu Dec 06, 2018 4:24 pm
Forum: Personal Investments
Topic: Considering residential real estate investment
Replies: 74
Views: 5959

Re: Considering residential real estate investment

The only way to get close to a 10% ROI is to use leverage and find a value add opportunity, ie rehab, vacant building, significantly below market leases etc. Cap rates on MF properties are between 4 to 7% now, so the numbers today do not allow for this without heavy lifting and leverage. RE has like...
by GibsonL6s
Thu Dec 06, 2018 4:11 pm
Forum: Investing - Theory, News & General
Topic: Where did you think we'd be today, ten years ago?
Replies: 38
Views: 3080

Re: Where did you think we'd be today, ten years ago?

It would be interesting to know what the dividend yield plus growth model would have shown as the expected returns. The drip return calculator from 12/8/08 through 12/4/18 shows 13.79% for stocks and 3.36% for bonds reinvesting dividends. In December of 2008 stocks yielded 3.23%, so growth ended up ...
by GibsonL6s
Wed Dec 05, 2018 4:23 pm
Forum: Personal Investments
Topic: Considering residential real estate investment
Replies: 74
Views: 5959

Re: Considering residential real estate investment

I have been in institutional real estate for 30 plus years and have seen lots of money lost in "private" deals. My recommendation for "retail" investors is to stay away. Please research the history of TICs, private REITs and syndications and decide if the risks are worth it. Others may have differin...
by GibsonL6s
Wed Dec 05, 2018 3:13 pm
Forum: Personal Investments
Topic: Considering residential real estate investment
Replies: 74
Views: 5959

Re: Considering residential real estate investment

You could also consider ownership in a crowdfunding sort of REIT, which I do in Fundrise. They participate in building apartments and other housing in various parts of the country, as well as some house flipping, particularly in high-demand areas like LA and DC, and you can invest according to your...
by GibsonL6s
Wed Dec 05, 2018 3:03 pm
Forum: Investing - Theory, News & General
Topic: The overwhelming majority lose in a zero-sum trading game.
Replies: 52
Views: 5684

Re: The overwhelming majority lose in a zero-sum trading game.

I also wonder if part of the reason active fails is that when active managers get behind they take on more risk to make up lost ground dooming many of these to failure.
by GibsonL6s
Tue Dec 04, 2018 8:10 pm
Forum: Personal Investments
Topic: How does an annuity with return of premium work?
Replies: 12
Views: 899

Re: How does an annuity with return of premium work?

Can one or more of you explain how an annuity with return of premium works? I realize that if the annuitant dies before all the premium has been used, then the remaining amount of the premium will be returned . The question is " How is it determine what amount of premium is left to return ?" If a p...
by GibsonL6s
Tue Dec 04, 2018 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Why Is Insurance Worth It (Analytically)?
Replies: 89
Views: 4663

Re: Why Is Insurance Worth It (Analytically)?

If you own your house free and clear you are welcome to self insure, if not the lender requires. This weekend my wife and I walked by 4 homes totally lost in the recent fires. I never think any insurance I have bought is a waste.
by GibsonL6s
Tue Dec 04, 2018 1:08 pm
Forum: Personal Investments
Topic: Help with Schwab 401k portfolio
Replies: 12
Views: 832

Re: Help with Schwab 401k portfolio

The Schwab fund would be about 91% equities (55% 30% domestic / Intl of the overall mix) 8% FI, 1% cash 4% RE 1% commodities as a point of reference. You could lower your overall costs by using the funds bryanm suggest in the mix you like. The closest to a bond index fund is probably PTTRX if you wa...
by GibsonL6s
Sun Dec 02, 2018 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Confused on inherited IRA RMDs ??
Replies: 7
Views: 679

Re: Confused on inherited IRA RMDs ??

Researching this for myself I found that if the original IRA owner took their rmd in the year of death the person that inherits it has to take their rmd by 12/31 of the year following the original owners death. The new owner can use their life expectancy but not defer to 70. Schwab and fidelity have...
by GibsonL6s
Fri Nov 30, 2018 7:17 pm
Forum: Personal Investments
Topic: Basic Bucket Theory
Replies: 40
Views: 4198

Re: Basic Bucket Theory

I did some math assuming living expenses were the same for each year, ie no inflation. If you include the MMF as part of FI you are starting out with an AA of about 53/43. If you exclude the cash it is about 57/43 with a two year EF. Why not just hold a year or two of expenses and then two funds nea...