Search found 229 matches

by GibsonL6s
Sat Nov 03, 2018 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Closed End Muni funds?
Replies: 6
Views: 495

Re: Closed End Muni funds?

I have small portion in closed end funds as a hobby. The issue is that many of these funds are leveraged which increases the yield. And the volatility. Put a mutual fund and a CEF into portfoliovisualizer and you will see this I like to buy these when the discounts to NAV are wider than usual and ea...
by GibsonL6s
Thu Nov 01, 2018 4:57 pm
Forum: Investing - Theory, News & General
Topic: Why I'm 100% stocks
Replies: 149
Views: 17065

Re: Why I'm 100% stocks

From 1999 to now a leveraged california muni bond closed end fund (NAC) returned about the same as stocks with a lower SD and correlation to the market. We can back test a bunch of different things to justify the AA we want.
by GibsonL6s
Thu Nov 01, 2018 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Is an MBA worth it these days?
Replies: 53
Views: 6257

Re: Is an MBA worth it these days?

I want to get into the financial side of construction for commercial real estate, where I would evaluate/run financials on new deals. I am in this industry. An MBA while good for networking and general finance may not provide you as many of the skills you need. You should also consider an MRED prog...
by GibsonL6s
Wed Oct 31, 2018 6:23 pm
Forum: Investing - Theory, News & General
Topic: 'Smart money' bailing on the market, time to get out?
Replies: 92
Views: 12138

Re: 'Smart money' bailing on the market, time to get out?

If you retired today at 65, you would be investing some of your money for potentially over 30 years. Do you want to sell, incur commissions, pay taxes and hope you get back in at the optimal time with this in mind. I have decided I don't since joining this group and have decided what matters is pick...
by GibsonL6s
Tue Oct 30, 2018 3:28 pm
Forum: Investing - Theory, News & General
Topic: Why I'm NOT 100% stocks
Replies: 36
Views: 5099

Re: Why I'm NOT 100% stocks

If you take the S&Ps earnings of 156 cut them in half and use a 10 P/E you get a drop of 70% from today's level, so I guess you are what they call a bear :D
by GibsonL6s
Tue Oct 30, 2018 12:57 pm
Forum: Investing - Theory, News & General
Topic: Why I'm NOT 100% stocks
Replies: 36
Views: 5099

Re: Why I'm NOT 100% stocks

Do you really believe the market is capable of a 90% drop given today's margin requirements, broader ownership of stocks and other factors?
by GibsonL6s
Tue Oct 30, 2018 12:29 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: What Investors Should Worry About
Replies: 121
Views: 12348

Re: Larry Swedroe: What Investors Should Worry About

The ones I could put into PV didn't do any better than an intermediate term T bond etf. Are we missing something?
by GibsonL6s
Mon Oct 29, 2018 10:37 pm
Forum: Personal Consumer Issues
Topic: Do you meditate?
Replies: 142
Views: 14676

Re: Do you meditate?

I recently started to do Zhan Zhuang, which is a form of standing meditation. It is described in the web and in a book called the Way of Energy. I have done it a month or so and it is great for focus. As a kid in the 70s my entire family learned TM and it is also great although I have not done it in...
by GibsonL6s
Wed Oct 17, 2018 10:44 am
Forum: Personal Finance (Not Investing)
Topic: How to avoid exposure from owning rental properties
Replies: 6
Views: 542

Re: How to avoid exposure from owning rental properties

Hello, How does one protect oneself from the exposure caused by rental property investments? Deeds are pubic info and anyone can find out what one owns. I have 2 rental homes (both on mortgage, though) and I am trying to figure out how to protect myself and my family from bad actors out there. Move...
by GibsonL6s
Tue Oct 16, 2018 11:38 am
Forum: Personal Finance (Not Investing)
Topic: apartment building FCF spreadsheet
Replies: 3
Views: 216

Re: apartment building FCF spreadsheet

Several come up if you use google. But, it is a good exercise to build one out and create your own cashflow model and loan amortization tables. Excel has the IRR function so you can see your leverage yield.
by GibsonL6s
Fri Oct 05, 2018 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: Case for buying individual Stocks as 10% of portfolio
Replies: 43
Views: 3272

Re: Case for buying individual Stocks as 10% of portfolio

Why won't we use 90% in diversified index fund portfolio and 10% in bunch of (20-25) stocks as investment strategy for everyone? Because effectively what you still have is an index fund where you have slightly changed the weightings. IMHO if you are going to pick individual stocks to meaningfully a...
by GibsonL6s
Thu Sep 27, 2018 10:33 pm
Forum: Investing - Help with Personal Investments
Topic: Generating passive income thru commercial real estate
Replies: 1
Views: 377

Re: Generating passive income thru commercial real estate

I do this for a living managing portfolios of apartment buildings. There is nothing passive about real estate investing. The risks are many. But the first risk is the risk of investing passively with another. Don't ever take this risk. Between the fraud risks and lack of controls over the management...
by GibsonL6s
Wed Sep 19, 2018 4:21 pm
Forum: Investing - Theory, News & General
Topic: Small business owners - sourcing commercial real estate lenders?
Replies: 3
Views: 404

Re: Small business owners - sourcing commercial real estate lenders?

Property type? Are you occupying all of it? It may make sense to start with where you bank, they frequently have commercial real estate loans for these types of purchases. Wells, B of A all want this type of loan. SBA will typically provide higher leverage, however more hoops to jump through to get ...
by GibsonL6s
Fri Sep 07, 2018 2:24 pm
Forum: Investing - Theory, News & General
Topic: 100% Bonds to boost returns?
Replies: 61
Views: 6587

Re: 100% Bonds to boost returns?

[/quote] Nothing wrong with market timing. Buffett and others do it all the time. So can we. [/quote] Buffet does not time "the market", nor does he ever buy "the market" He is a value investor who buys companies when he thinks they trade below his idea of their intrinsic value. Additionally, he con...
by GibsonL6s
Tue Aug 28, 2018 1:31 pm
Forum: Personal Consumer Issues
Topic: Good Non-Boring Boglehead Cars Under $30k
Replies: 247
Views: 16785

Re: Good Non-Boring Boglehead Cars Under $30k

I have a Mazda 3 and I would describe it as "sorta" fun to drive. I gave it to my newly licensed son to drive because it handles well but is not really fast. It is a really nice car, but not what I would call a sports car. I recently test drove a Hyundai Veloster and it fits the definition of fun es...
by GibsonL6s
Thu Aug 09, 2018 11:18 am
Forum: Investing - Theory, News & General
Topic: Dividend Growth Investing--what's the attraction?
Replies: 12
Views: 1430

Re: Dividend Growth Investing--what's the attraction?

The attraction is the idea, that one day the investor will be able to live exclusively on the dividends and also have a portfolio that can provide a legacy for their heirs. IMHO if the portfolio is big enough, it doesn't matter if it has individual stocks paying dividends or index funds throwing off...
by GibsonL6s
Thu Aug 09, 2018 10:03 am
Forum: Investing - Help with Personal Investments
Topic: Have Private Reits worked for you?
Replies: 17
Views: 1096

Re: Have Private Reits worked for you?

Hi fees, many deals are even "marked up". Lack of control, I would avoid.
by GibsonL6s
Wed Jul 25, 2018 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Investing with a Developer
Replies: 48
Views: 3843

Re: Investing with a Developer

Without going point by point. As I have said in previous threads I do institutional real estate investing. I would never invest passively in another’s real estate deal.

Too many risks and not having control over the investments magnifies all of them. I would stay away.
by GibsonL6s
Wed Jul 18, 2018 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: How do you handle the urge to DO something?
Replies: 102
Views: 7833

Re: How do you handle the urge to DO something?

I follow Rick's advice and do it, but just on a scale so the outcome is immaterial to my overall portfolio. Just because you are on a diet doesn't mean you never eat cake. :happy
by GibsonL6s
Thu Jul 12, 2018 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Questions about my perspective on bond funds
Replies: 13
Views: 1040

Re: Questions about my perspective on bond funds

I don't think you can apply a "value" mindset to bonds as you do stocks. The value is a function of interest rates for good quality bonds. Unless you have a view on interest rates you want to invest in, I don't think you can say bonds are X % cheaper I want to buy them.
by GibsonL6s
Sun Jul 08, 2018 2:35 pm
Forum: Investing - Theory, News & General
Topic: Why 3-funds and not 4-funds or even 2-funds?
Replies: 56
Views: 4885

Re: Why 3-funds and not 4-funds or even 2-funds?

I think the answer is two fold for those that want global exposure. 1. fees, there are global funds that invest in stocks and bonds, I believe T Rowe has one RPGAX, but it is more expensive than building your own, and 2. Some people do not want the global market weight of a class like international ...
by GibsonL6s
Sat Jul 07, 2018 9:50 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone hear of or invest in Rich Uncles?
Replies: 18
Views: 4281

Re: Anyone hear of or invest in Rich Uncles?

As I have said in previous threads I would never invest passively in an illiquid RE investment. Control is everything in RE. Stay away IMHO
by GibsonL6s
Mon Jul 02, 2018 2:57 pm
Forum: Investing - Theory, News & General
Topic: Why is warren buffet okay with no owning any bonds?
Replies: 48
Views: 4863

Re: Why is warren buffet okay with no owning any bonds?

I think it is important to note that what WB the individual invests in is different from what Berkshire Hathaway (BRK) invests in. BRK is an insurance holding company in addition to being a large scale entity. It has to hold large amounts of cash for regulatory reasons in addition to the fact given ...
by GibsonL6s
Mon Jul 02, 2018 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: Do you own just 5% of anything?
Replies: 65
Views: 5226

Re: Do you own just 5% of anything?

Only individual stocks left over from the old days and a couple of new names I bought for fun. I only hold broad index funds, individual Treasuries and some tax free muni funds. I actually could see a time when I have just a broad US stock market fund and individual Treasuries in essence a one "fund...
by GibsonL6s
Fri Jun 29, 2018 5:17 pm
Forum: Investing - Theory, News & General
Topic: Is there a way to avoid bad companies in S&P 500?
Replies: 92
Views: 5019

Re: Why would creating an intelligent S&P 475 be so difficult to do?

The more I stick around here, the happier I am not picking stocks or segments. Just listening to CNBC on my commute gives me a headache with all the noise and discussions of "trades" people should make etc. The data which is posted here constantly reinforces the idea that investing is not a science ...
by GibsonL6s
Wed Jun 13, 2018 10:20 am
Forum: Investing - Help with Personal Investments
Topic: High Yield Municipal Bonds: Short or intermediate/long term, which to choose from?
Replies: 4
Views: 689

Re: High Yield Municipal Bonds: Short or intermediate/long term, which to choose from?

I have the Nuveen fund NVHAX which is ST HY muni, I have been very happy with it. No load at Schwab. It has a higher return than MUB the index fund of munis with a lower standard deviation. It distributes 1.4% more than MUB, but obviously you trade duration risk for credit quality. No free lunch, bu...
by GibsonL6s
Sun Jun 10, 2018 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Moved Family Across Country for New Job and Job is now gone
Replies: 27
Views: 6720

Re: Moved Family Across Country for New Job and Job is now gone

Agree on the need to speak to a lawyer, I am not one, but it seems that the contract was breached and possibly there was fraud. People have a duty to deal fairly and not disclosing the litigation and lack of funding is problematic as you would have made a different choice had you known. There may be...
by GibsonL6s
Sun Jun 10, 2018 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Moved Family Across Country for New Job and Job is now gone
Replies: 27
Views: 6720

Re: Moved Family Across Country for New Job and Job is now gone

You say the job is gone, what does that mean. Did they change their mind, had you started, was there a contract? I think the details matter a lot here. In other words is the company liable to you for something?
by GibsonL6s
Thu Jun 07, 2018 12:04 pm
Forum: Investing - Theory, News & General
Topic: Indexing will fail investors in next decade
Replies: 57
Views: 9553

Re: Indexing will fail investors in next decade

So instead of passively investing we should invest like hedge funds going long and short and make specific bets on subsectors of the market, chase yield, invest in a commodity and increase exposure to "illiquid investments". I don't see how any of this could go wrong :D
by GibsonL6s
Mon Jun 04, 2018 12:49 am
Forum: Personal Finance (Not Investing)
Topic: Can a Retired 60 yo MD, MBA Start a Law Career?
Replies: 276
Views: 15331

Re: Can a Retired 60 yo MD, MBA Start a Law Career?

Start a business providing expert witness services and advice to medical malpractice lawyers. You will leverage your expertise, make money and get a taste of the law and legal strategy. Good luck
by GibsonL6s
Wed May 16, 2018 11:15 am
Forum: Investing - Help with Personal Investments
Topic: Friend says "Stock market will crash, invest in silver" - thoughts?
Replies: 127
Views: 9513

Re: Friend says "Stock market will crash, invest in silver" - thoughts?

...A highly respected friend of mine is an expert in macroeconomics, and warned me to stay away from stocks... Where does his expertise come from? What degrees does he have, from which universities? You can have all the finance degrees in the world, forecasting the market is one area where educatio...
by GibsonL6s
Wed May 16, 2018 12:12 am
Forum: Investing - Theory, News & General
Topic: NRIA.NET - Real Estate Private Placement - 16% return
Replies: 21
Views: 2566

Re: NRIA.NET - Real Estate Private Placement - 16% return

I do RE for a living. As I have said before control is everything in real estate. I would never invest passively in a real estate deal ie one I did not control. Also I am sure they are not a benevolent society meaning high fees. I would steer clear.
by GibsonL6s
Tue May 15, 2018 10:56 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Junk Bond fund
Replies: 65
Views: 4691

Re: Vanguard Junk Bond fund

I looked at portfoliovisualizer and from 2000 it beat the S&P index with a lower standard deviation. I have always thought that there is something to the income component that many overlook. I would personally look at junk bonds like pref stock and convertible bonds as a portion of the equity alloca...
by GibsonL6s
Thu May 10, 2018 10:45 am
Forum: Investing - Help with Personal Investments
Topic: Factors Suggesting One Should Buy SPIA
Replies: 90
Views: 7628

Re: Factors Suggesting One Should Buy SPIA

I was simply referring to the payment. immediate annuities quote for a $500,000 immediate annuity for a male 65 the following monthly payments Life only $2,691 Life with cash refund $2,490. This insures you and if you pass early the beneficiaries get at least the premium less what you received in m...
by GibsonL6s
Wed May 09, 2018 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: Factors Suggesting One Should Buy SPIA
Replies: 90
Views: 7628

Re: Factors Suggesting One Should Buy SPIA

I can never understand why anyone would purchase a SPIA without a return of premium or 20 year period certain. The little bit of extra income lost to insure your heirs receive something in the event of an early post purchase demise seem very worth it. You could compare the reduction in annuity to a...
by GibsonL6s
Wed May 09, 2018 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Signed Car Lease, Dealer calls later asking for a CO-SIGNER despite excellent credit
Replies: 180
Views: 19873

Re: Signed Car Lease, Dealer calls later asking for a CO-SIGNER despite excellent credit

Have they cashed you check? I would drive the car to the dealer and drop it off. Take a picture you did it, write an email that you did it and consider the deal null and void and move on with life. Buy a used car.
by GibsonL6s
Wed May 09, 2018 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Factors Suggesting One Should Buy SPIA
Replies: 90
Views: 7628

Re: Factors Suggesting One Should Buy SPIA

I can never understand why anyone would purchase a SPIA without a return of premium or 20 year period certain. The little bit of extra income lost to insure your heirs receive something in the event of an early post purchase demise seem very worth it.
by GibsonL6s
Sun May 06, 2018 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Signed Car Lease, Dealer calls later asking for a CO-SIGNER despite excellent credit
Replies: 180
Views: 19873

Re: Signed Car Lease, Dealer calls later asking for a CO-SIGNER despite excellent credit

Agree more to know before advice can be given did you sign a lease or an application. If it was an application and it was denied for lack of another co-signer take the opportunity to return it. If it was the lease is there a clause that says they can ask for this I highly doubt it. I would assume yo...
by GibsonL6s
Sat May 05, 2018 4:02 pm
Forum: Personal Consumer Issues
Topic: Need advice on $5M property sale
Replies: 39
Views: 4414

Re: Need advice on $5M property sale

Stop don’t do anything until you know the highest and best use of the property. Is it going to be used to develop office retail or apartments. Don’t focus on the commission until you understand the true value. Then find the best broker to sell it.
by GibsonL6s
Tue May 01, 2018 7:36 pm
Forum: Investing - Help with Personal Investments
Topic: At what point should you hire a financial advisor?
Replies: 25
Views: 2726

Re: At what point should you hire a financial advisor?

I would immediately manage the risk of having lots of money in a checking account. I think you need to get the money out of a checking account and buy some short term treasuries while you are deciding your next move. Congrats on having won the game and run up the score :sharebeer
by GibsonL6s
Mon Apr 30, 2018 11:49 am
Forum: Investing - Theory, News & General
Topic: An Article Claiming Vanguard Will Be Responsible For The Next Bear Market
Replies: 29
Views: 5054

Re: An Article Claiming Vanguard Will Be Responsible For The Next Bear Market

Disagree with the article but this is a funny line.

“If you pay peanuts, you get monkeys”
by GibsonL6s
Sun Apr 29, 2018 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Should I change careers?
Replies: 52
Views: 4414

Re: Should I change careers?

It sounds like to me you have a large portion of your net worth in private companies or venture capital deals since you say you are worth 8-18 but liquid 4. Is this correct. If so you have a "track record" that is not printed as we say. So the reality is you could be worth more or less and be better...
by GibsonL6s
Fri Apr 27, 2018 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: What type of lawyer handles will disputes?
Replies: 9
Views: 1070

Re: What type of lawyer handles will disputes?

I had a similar issue. I would immediately ask for copies of all source documents or bank statements, brokerage statements, real estate contracts etc. honest people will provide dishonest will not and you know you have an issue. I have seen situations where people ask and get typed lists excel sprea...
by GibsonL6s
Tue Apr 24, 2018 2:42 pm
Forum: Investing - Theory, News & General
Topic: A Challenge To The 3 Fund Portfolio...The 2 Fund Portfolio
Replies: 32
Views: 5594

Re: A Challenge To The 3 Fund Portfolio...The 2 Fund Portfolio

Simplicity? Did you compare all of them with the ONE fund portfolio of Vanguard Balanced Index (VBINX/VBIAX)? Good luck, y gracias por leer ~cfs~ Not sure if this was for me, but the Vanguard balanced fund generally provided the same general returns as some of the world funds, but with less volatil...
by GibsonL6s
Tue Apr 24, 2018 2:04 pm
Forum: Investing - Theory, News & General
Topic: A Challenge To The 3 Fund Portfolio...The 2 Fund Portfolio
Replies: 32
Views: 5594

Re: A Challenge To The 3 Fund Portfolio...The 2 Fund Portfolio

Funny you should mention this, I was also looking at portfoliovisualizer and seeing how a "world allocation" portfolio did. There ware not a ton of funds going this far back, but it generally looked like the introduction of foreign debt instruments did not dampen volatility, they increased. I could ...
by GibsonL6s
Mon Apr 23, 2018 1:19 pm
Forum: Investing - Theory, News & General
Topic: Boglehead Philosophy Open To Change?
Replies: 197
Views: 11363

Re: Boglehead Philosophy Open To Change?

If you watched the video, Ian was investing in 2007/2008 his buy in created a great yield on cost. This is one of the unspoken secrets to investing... Tip 1: Secrets aren't found in youtube videos. Tip2: if there is an easy/obvious way to beat the market, why do so many mutual/hedge funds fail to d...
by GibsonL6s
Sun Apr 22, 2018 12:21 am
Forum: Investing - Help with Personal Investments
Topic: Lending Club Investing
Replies: 26
Views: 2969

Re: Lending Club Investing

Much like real estate deals as I have said before I would never under any circumstances invest in these things. When there are problems and there always is control is everything and in these you have none on top of the illiquidity.
by GibsonL6s
Sat Apr 21, 2018 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Want to be 100% in stock index funds ,
Replies: 31
Views: 3610

Re: Want to be 100% in stock index funds ,

historically, a portfolio of 80/20 does just as well as 100/0. You can go to portfoliovisualizer and put in VFIAX and VBTLX. It will give results going back to 2002. In fact over the same time frame some results for 10,000 including the important max drawdown 100 stocks $31,855 51% 80/20 30,393 41% ...
by GibsonL6s
Fri Apr 20, 2018 6:30 pm
Forum: Investing - Theory, News & General
Topic: Interesting S & P 500 facts
Replies: 9
Views: 2139

Re: Interesting S & P 500 facts

but it is not an index of the 500 largest-cap stocks. Do you by chance know what the largest-cap companies are that are not included? The easiest way is to check the holdings of the Vanguard Extended Market Index Fund/ETF, which is a market cap weighted fund that owns all US listed stocks that are ...