Search found 279 matches

by GibsonL6s
Fri Feb 08, 2019 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Question about taxes after someone dies
Replies: 0
Views: 197

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: 2852

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: 21243

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: 5027

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 Investments
Topic: Why are you NOT buying rental properties?
Replies: 221
Views: 16786

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: 1142

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: 188
Views: 9801

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: 1860

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: 608

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: 9055

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: 1672

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: 11356

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: 175
Views: 11964

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: 175
Views: 11964

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: 248
Views: 21338

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: 575

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: 5623

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: 575

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: 13279

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: 5389

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: 3016

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: 1453

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: 335

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: 22256

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: 2259

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: 8678

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: 8678

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: 5420

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: 2961

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: 5420

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: 5420

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: 5406

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: 832

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: 4406

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: 747

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: 651

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: 3958

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...
by GibsonL6s
Tue Nov 27, 2018 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Trustee of inherited business
Replies: 62
Views: 2754

Re: Trustee of Inherited Business continued

Get a lawyer and figure out what you are "required" to do under the documents and make sure you are doing these at a minimum. Then figure out what else you want to provide and discuss with your brother. Given that neither of you work in the business, who is "watching the store" and controlling the m...
by GibsonL6s
Mon Nov 26, 2018 11:18 pm
Forum: Personal Investments
Topic: Good newsletters for speculative investments?
Replies: 14
Views: 961

Re: Good newsletters for speculative investments?

You might as well do your own research. What interests you. Value stocks growth biotech. You have as much chance of picking winners as the newsletter guys. I occasionally dabbled in stocks. Before the election in 2016 there was a prison reit trading at a 14% dividend yield. I thought what if trump a...
by GibsonL6s
Mon Nov 26, 2018 8:14 pm
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 17413

Re: Do you need to invest mostly in stocks to get rich?

real estate. Don't do the get rich quick (stocks) Don't do the get rich slow (index funds) Go for the get rich for sure (real estate) :D I've been in real estate 33 years and trust me there is no getting rich for sure in this business. I have seen a lot of fortunes made and lost in the RE biz.
by GibsonL6s
Mon Nov 26, 2018 6:20 pm
Forum: Personal Investments
Topic: Moving 25 individual stocks into a few Fidelity index funds
Replies: 17
Views: 807

Re: Moving 25 individual stocks into a few Fidelity index funds

I don’t want to have to spend the $125 in trade commissions to dump these stocks. I wish there was a work around. Brokerage firms constantly offer free trades to new customers. I would call and ask if you can have this benefit. I got a bunch of free trades at Schwab offered probably as a preemptive...
by GibsonL6s
Fri Nov 23, 2018 1:19 pm
Forum: Personal Consumer Issues
Topic: Looking for a car that can handle a long commute, any suggestions?
Replies: 74
Views: 5236

Re: Looking for a car that can handle a long commute, any suggestions?

I just bought a Hyundai Sonata Sport for a 72 mile round trip commute. I was previously in a Mazda 3. I was worried the car would be too big but find I enjoy the smoother ride. With sport you get almost a full leather seat without paying the limited price and most of the bells and whistles. I am ave...
by GibsonL6s
Sat Nov 17, 2018 5:41 pm
Forum: Investing - Theory, News & General
Topic: interesting call with my 80yr old mothers Fidelity advisor
Replies: 30
Views: 5051

Re: interesting call with my 80yr old mothers Fidelity advisor

This is their way. After a family squabble over my Dad's investments, the siblings agreed to hire fidelity. They put my Dad into 33 funds and ETFs. I took the time to backtest the portfolio against a three fund portfolio of the same AA and guess which one came out ahead. The three fund portfolio cam...
by GibsonL6s
Fri Nov 16, 2018 2:11 pm
Forum: Investing - Theory, News & General
Topic: How do you "Stay the Course"?
Replies: 78
Views: 10738

Re: How do you "Stay the Course"?

"Don't peek"! Funny for me, I actually trained myself to do the opposite, which is look on the bad days. I see that I am down X dollars, but I also see that the fixed income part of my portfolio which for me is Treasuries is in place and the amount I feel comfortable having to "weather" a downturn ...
by GibsonL6s
Wed Nov 14, 2018 5:44 pm
Forum: Investing - Theory, News & General
Topic: Are you all staying the course?
Replies: 114
Views: 7439

Re: Are you all staying the course?

Yes, my 401K is on autopilot and rebalances itself. My taxable account I rebalance once a year when I get my bonus to 60/40. The only thing I do is buy T Bills when they mature.

Somewhere in there are dollars I am going to spend in 30 years, no need to worry about today's market gyrations. :D
by GibsonL6s
Tue Nov 13, 2018 5:39 pm
Forum: Personal Investments
Topic: I can't take this anymore=) I'm selling stocks and buying bonds!
Replies: 129
Views: 19971

Re: I can't take this anymore=) I'm selling stocks and buying bonds!

Hi everyone, With all the swings up and down recently I am finding that it's too much volatility for me. My portfolio has gone down by $12000 over the past few days. I know people on here say it's a blip on the radar, but when I think about what I have to go through to earn $12k ($12k = two months ...
by GibsonL6s
Tue Nov 13, 2018 4:20 pm
Forum: Personal Consumer Issues
Topic: Feeling uneasy about recent splurge
Replies: 40
Views: 4082

Re: Feeling uneasy about recent splurge

mortfree wrote:
Mon Nov 12, 2018 8:46 pm
I wouldn’t lose sleep over it.
I see what you did there :happy
by GibsonL6s
Mon Nov 12, 2018 6:26 pm
Forum: Personal Consumer Issues
Topic: How long have you had, or did you have, your HP-12C calculator?
Replies: 72
Views: 2876

Re: How long have you had, or did you have, your HP-12C calculator?

My dad (RIP) gave me a 12c when I was going off to college in 1981 to study finance. The manual has a car loan example at 14% interest lol

I still use it and hope to pass it on to one of my sons