Search found 429 matches

by Harry Livermore
Fri Aug 14, 2020 6:10 pm
Forum: Personal Investments
Topic: Precious metal equity
Replies: 17
Views: 796

Re: Precious metal equity

I ran a backtest of Barrick vs RING (gold mining ETF) from Jan 2013 - Jul 2020 and they have similar performances. https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2020&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&...
by Harry Livermore
Fri Aug 14, 2020 8:51 am
Forum: Personal Finance (Not Investing)
Topic: College
Replies: 23
Views: 1932

Re: College

Son (going into senior year) and daughter (going in to freshman year) will both be living at school, with both schools taking a hybrid approach. Both schools have had extensive communications with parents regarding classroom, dining, and dorm protocols, weekly testing of all students and staff, and ...
by Harry Livermore
Fri Aug 14, 2020 6:57 am
Forum: Personal Investments
Topic: I don't understand bonds
Replies: 27
Views: 1972

Re: I don't understand bonds

For many investors, bonds are the difference between capitulation during a market crash, and staying the course. Yes, it certainly had that effect on me during the correction in March! I'm in my early 50s and we are pretty close to the finish line. When I was in my 20s I was basically 100/0. Yes, I...
by Harry Livermore
Thu Aug 13, 2020 4:32 pm
Forum: Personal Investments
Topic: Precious metal equity
Replies: 17
Views: 796

Re: Precious metal equity

I own a little Barrick just for kicks. Always thought if inflation took off that stock would do well. If Barrick doesn't encounter any of the issues you named, wouldn't it behave much like gold in an inflationary situation? I had a bunch of Barrick many years ago (recommended by Peter Lynch in some...
by Harry Livermore
Mon Aug 10, 2020 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: [Auto insurance companies issuing refunds due to coronavirus]
Replies: 102
Views: 7152

Re: [Auto insurance companies issuing refunds due to coronavirus]

Got an email from PURE. They are going to rebate 15% of auto premiums for the duration of "stay at home". We pay +/- $5,150 per year for three cars. So that's $429 per month. The 15% rebate comes out to $64.35 per month that we stay home. So, as some others have noted, it's a nice gesture. Cheers F...
by Harry Livermore
Wed Aug 05, 2020 7:13 am
Forum: Personal Finance (Not Investing)
Topic: In retirement, a $100 monthly expense needs $30,000 in your portfolio
Replies: 179
Views: 22066

Re: In retirement, a $100 monthly expense needs $30,000 in your portfolio

This chart helps me decide whether I should keep working or not. Fat FIRE is my plan as of today. Your lean FIRE is our fat FIRE if I am reading that chart correctly. hahaha, ditto. But we also have pensions, so our spends will be higher than our portfolio draw. And corn, what happens each spring t...
by Harry Livermore
Wed Aug 05, 2020 6:59 am
Forum: Personal Finance (Not Investing)
Topic: Need advice on reducing EFC [Expected Family Contribution]
Replies: 33
Views: 2064

Re: Need advice on reducing EFC [Expected Family Contribution]

I'll pile on what some others have said. Need-based aid is likely not in the cards. You can try some of the ideas others have thrown out there. Many of the private schools also use CSS, which is much more invasive. Ditto on the poster who suggested poking around College Confidential. Generally a lot...
by Harry Livermore
Mon Aug 03, 2020 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of buying a vacation home in NC mountains and doing Airbnb. Bad idea?
Replies: 66
Views: 6663

Re: Thinking of buying a vacation home in NC mountains and doing Airbnb. Bad idea?

$600K sounds like a LOT of money for a vacation home. Our was less than 1/3 that, and earns a good return. AirbNb sounds scary. No on-site management sounds like a recipe for disaster. Involving the in-laws financially??? A nonstarter for me, personally. We are up at our vacation rental this week en...
by Harry Livermore
Mon Aug 03, 2020 6:28 am
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 553
Views: 83015

Re: Losing a job in your 50's...

I know that I much preferred being in control of my job and work life, even if people with similar jobs employed by big companies might have made more money and worked fewer hours... Accumulating money starting early in one s career is the best way to provide one and his family with the security we...
by Harry Livermore
Fri Jul 31, 2020 7:00 am
Forum: Personal Finance (Not Investing)
Topic: I agree that Investing is better than paying off mortage but.....
Replies: 71
Views: 5831

Re: I agree that Investing is better than paying off mortage but.....

Although $20K sounds like a nice number right now, you have to anticipate at least 4 years of school and maybe, depending on their field of study, graduate school and some possible summer programs. Your 12 year old will graduate just 10 years from now from undergraduate college, so the funding will...
by Harry Livermore
Tue Jul 28, 2020 5:05 am
Forum: Personal Finance (Not Investing)
Topic: Way out of financial catastrophe?
Replies: 94
Views: 15662

Re: Way out of financial catastrophe?

Considerations: Sandtrap is spot-on. When we did a renovation of our home (now our SFH rental) in 2001-2002, we were planning on a remodel/ second story addition. I was acutely aware of "not minding the store" can balloon costs. I acted as the GC, hired an architect on an hourly basis (as opposed t...
by Harry Livermore
Mon Jul 27, 2020 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Buying Beach House in New England
Replies: 44
Views: 4155

Re: Buying Beach House in New England

Four million dollars is nowhere close to enough money to help with grandchildrens' education, travel a lot and buy a $1M vacation home. Different ballpark from that lifestyle. Different, of course if you will not rely on any of that $4M to support yourselves in retirement. If that nest egg is on to...
by Harry Livermore
Fri Jul 24, 2020 7:56 am
Forum: Personal Consumer Issues
Topic: Backyard BBQ - easy
Replies: 38
Views: 2845

Re: Backyard BBQ - easy

I’m terribly sorry about what happened to your family. Hahahaha, too funny! Yes, my condolences. Bottlecap, have you heard that they are not "as good" nowadays? I'll admit to not paying attention since I'm not in the market for a grill at the moment. I keep thinking if and when we do a refresh to o...
by Harry Livermore
Fri Jul 24, 2020 6:03 am
Forum: Personal Consumer Issues
Topic: Backyard BBQ - easy
Replies: 38
Views: 2845

Re: Backyard BBQ - easy

Just get a Weber. Lots of sizes to choose from and are high quality. Get a cover as well if its kept outdoors full time. +1 on Weber. I assume fuddbogle is speaking of a propane Weber (I do also have the old-school charcoal one which comes out sometimes to assist at larger gatherings) The quality i...
by Harry Livermore
Fri Jul 24, 2020 5:41 am
Forum: Personal Finance (Not Investing)
Topic: At what point is an emergency fund irrelevant?
Replies: 67
Views: 4844

Re: At what point is an emergency fund irrelevant?

If you have sufficent assets accessible without penalty to ride though a long period of unemployment, while the stock market is down 50%, and while the roof gets ripped off your house and insurance doesn't cover it, and you are also hospitalized for flesh eating bacteria for two months, I would say...
by Harry Livermore
Sun Jul 19, 2020 1:24 pm
Forum: Investing - Theory, News & General
Topic: 0.00% Yield on the Vanguard Short-Term Treasury Fund
Replies: 203
Views: 15072

Re: 0.00% Yield on the Vanguard Short-Term Treasury Fund

The better performance may be due to the presence of mortgage backed securities in VFIRX. Yes, it's quite possible. Currently 14% "government mortgage backed". When I made my decision in March, that bond allocation was in the Short Term Investment Grade Fund (VFSUX); my logic was to move towards sa...
by Harry Livermore
Sun Jul 19, 2020 7:30 am
Forum: Personal Investments
Topic: When to sell individual stock after run up?
Replies: 51
Views: 3788

Re: When to sell individual stock after run up?

What are the earnings for the company? What are the prospects for future earnings? What competition is there for this company? Does the company have a competitive advantage? As Morningstar would say, does the company have no moat, a narrow moat, or a wide moat? Peter Lynch often talked about develo...
by Harry Livermore
Sun Jul 19, 2020 7:04 am
Forum: Investing - Theory, News & General
Topic: 0.00% Yield on the Vanguard Short-Term Treasury Fund
Replies: 203
Views: 15072

Re: 0.00% Yield on the Vanguard Short-Term Treasury Fund

Good discussion. I moved my bond allocation to this fund for safety back at the start of the COVID crisis (much of it was in the Short-Term Investment Grade fund) and not too worried about it yet. It's about 17% of my portfolio. Why did you choose the active fund? Why not Vanguard Short-Term Treasu...
by Harry Livermore
Sun Jul 19, 2020 6:42 am
Forum: Investing - Theory, News & General
Topic: 0.00% Yield on the Vanguard Short-Term Treasury Fund
Replies: 203
Views: 15072

Re: 0.00% Yield on the Vanguard Short-Term Treasury Fund

Good discussion. I moved my bond allocation to this fund for safety back at the start of the COVID crisis (much of it was in the Short-Term Investment Grade fund) and not too worried about it yet. It's about 17% of my portfolio. I have another 34% of the portfolio in Wellesely, but that's exposure t...
by Harry Livermore
Sat Jul 18, 2020 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance: Plymouth Rock vs PURE ?
Replies: 51
Views: 2472

Re: Umbrella Insurance: Plymouth Rock vs PURE ?

... which is why I think of it as a surcharge, or extra premium. I'm thrilled to no longer pay it, but over the last 6 years the premiums have gone up so much it's more expensive now anyway. Honestly, it's great insurance and everything is "under one roof", both important to me. I'm probably overpay...
by Harry Livermore
Sat Jul 18, 2020 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance: Plymouth Rock vs PURE ?
Replies: 51
Views: 2472

Re: Umbrella Insurance: Plymouth Rock vs PURE ?

but you cannot, in practice, really split auto and umbrella. ... or a homeowner's and umbrella. That's what led me to PURE. Our previous insurer, Encompass, declined to write a policy for our vacation rental, explaining that a seasonal vacation home was "too risky" (never mind that it's in a gated ...
by Harry Livermore
Sat Jul 18, 2020 7:44 am
Forum: Investing - Theory, News & General
Topic: Why no prepayment penalty on mortgages?
Replies: 32
Views: 3241

Re: Why no prepayment penalty on mortgages?

DeSimone adds that a prepayment penalty is not necessarily a bad thing. You may have had to pursue a loan that comes with a prepayment penalty in order to get financing. For example, if you are self-employed and run a small business with less than a two-year history required by conventional lenders...
by Harry Livermore
Sat Jul 18, 2020 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance: Plymouth Rock vs PURE ?
Replies: 51
Views: 2472

Re: Umbrella Insurance: Plymouth Rock vs PURE ?

Topical discussion for me. I am also with PURE (and have been for about 6 years) and have seen rates creep up quite a bit; auto and umbrella I would have expected as I have two young adult drivers, but homeowner's and the insurance on our 2 rental properties have increased quite a bit as well. My wi...
by Harry Livermore
Fri Jul 17, 2020 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: I'm debating buying a big house, and wondering what the retirement implications are? Is it a bad idea?
Replies: 58
Views: 4514

Re: I'm debating buying a big house, and wondering what the retirement implications are? Is it a bad idea?

I would suggest you save for the big home, get married and have kids (if that’s in your future) and make your home value less and less of your net worth. Your priorities will change as your life changes. +1, that's what we did. A nice goal for us is to try and get it to the point where the primary ...
by Harry Livermore
Fri Jul 17, 2020 5:45 am
Forum: Investing - Theory, News & General
Topic: What to do with significant index changes, e.g., S&P 500 adding Tesla
Replies: 126
Views: 10896

Re: How to protect one's investment in an index fund when there's a new stock entering the S&P500

OP, The answer is simple and obvious. Do not buy the S&P 500 index fund. Choose a Total Stock Market Index instead. Nobody cares which stock enters the total stock market index. The impact is so small that it is a roundoff error. KlangFool This. If you own a Total Market fund then you caught the wh...
by Harry Livermore
Fri Jul 17, 2020 5:32 am
Forum: Personal Finance (Not Investing)
Topic: I'm debating buying a big house, and wondering what the retirement implications are? Is it a bad idea?
Replies: 58
Views: 4514

Re: I'm debating buying a big house, and wondering what the retirement implications are? Is it a bad idea?

OP, I think you can afford it currently, and if you somehow hit the skids in your 40s, you can probably bumble through. But read on if you want my darker thoughts... We lived in a VERY small house with 3 small kids (when I bought the house in the early 1990s it was a 650 sqft early 1900s seasonal ho...
by Harry Livermore
Thu Jul 16, 2020 3:24 pm
Forum: Investing - Theory, News & General
Topic: What to do with significant index changes, e.g., S&P 500 adding Tesla
Replies: 126
Views: 10896

Re: How to protect one's investment in an index fund when there's a new stock entering the S&P500

I don't think Vanguard has an equal-weight index fund, do they? I think if you were worried about an outsize effect from a large company with an inflated share value entering the index, some sort of equal-weight approach would help...
Cheers
by Harry Livermore
Thu Jul 16, 2020 9:24 am
Forum: Investing - Theory, News & General
Topic: Dr. Wade Pfau will be my next Bogleheads podcast guest
Replies: 42
Views: 3802

Re: Dr. Wade Phau will be my next Bogleheads podcast guest

Wow, Rick, awesome. Looking forward to it. Kudos for having interesting guests!
BTW, check the spelling in the title... :happy
Cheers
by Harry Livermore
Thu Jul 16, 2020 7:48 am
Forum: Personal Finance (Not Investing)
Topic: How do you manage your taxes?
Replies: 65
Views: 4498

Re: How do you manage your taxes?

the way I got a handle on this was by putting 30% of any income I received (Gross income) into a business savings account I appreciate the response. At this point in our lives, domestic overhead and long-term obligations are so high that this is not a viable strategy. Two opposing forces are at wor...
by Harry Livermore
Thu Jul 16, 2020 6:50 am
Forum: Investing - Theory, News & General
Topic: Airbnb getting hit?
Replies: 54
Views: 5612

Re: Airbnb getting hit?

They're supposed to be the victims now after inflating the housing market through decades of enacting NIMBYism to entrench their own positions, and until recently were sitting back with an "I got mine" mentality? NIMBYism is the reason for high housing prices? I always thought it had more to do wit...
by Harry Livermore
Thu Jul 16, 2020 6:17 am
Forum: Investing - Theory, News & General
Topic: Airbnb getting hit?
Replies: 54
Views: 5612

Re: Airbnb getting hit?

I don't live in an AirBNB town, but we are about 45 minutes outside NYC. Houses are flying off the market here, either being purchased sight unseen or rented. We assume it is people fleeing NYC either as temporary rentals or permanent movers who finally made the decision to leave the city. I'm curi...
by Harry Livermore
Wed Jul 15, 2020 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Liability for Golf Ball Through Windshield
Replies: 93
Views: 5817

Re: Liability for Golf Ball Through Windshield

OP, you did the right thing. Bravo!
Cheers
by Harry Livermore
Wed Jul 15, 2020 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Helping our Adult Child Buy a Home
Replies: 72
Views: 5638

Re: Helping our Adult Child Buy a Home

Often finance and loans break relationships. Keeping things simple makes relationships better. My suggestion would be to gift your daughter whatever you can ( may be for the down payment) and they buy a house that they can afford. Having 50% ownership and gifting yearly for mortgage makes things co...
by Harry Livermore
Wed Jul 15, 2020 6:32 am
Forum: Personal Finance (Not Investing)
Topic: How do you manage your taxes?
Replies: 65
Views: 4498

Re: How do you manage your taxes?

I wish I was as organized as my fellow BHs... I have been self employed for over 30 years, my entire working life. I pay quarterly and rarely get it right. I most often underpay, and owe in April. The interest is usually very minimal and often no penalty is owed. Some years it's a bit rougher than t...
by Harry Livermore
Wed Jul 15, 2020 6:14 am
Forum: Personal Finance (Not Investing)
Topic: Tax Deadline Tomorrow - Return (Presumably) Sitting in a Truck Somewhere
Replies: 47
Views: 2747

Re: Tax Deadline Tomorrow - Return (Presumably) Sitting in a Truck Somewhere

I don't think you have anything to worry about. FYI, when I files paper returns I would ALWAYS use certified mail/ return receipt. A satisfying moment was having NY send me a bill for interest owed for "late filing". I proudly typed up a letter and included a copy of the certified mailing and return...
by Harry Livermore
Wed Jul 15, 2020 6:02 am
Forum: Personal Finance (Not Investing)
Topic: Switching from W2 to 1099 contractor. Seeking advice.
Replies: 43
Views: 1844

Re: Switching from W2 to 1099 contractor. Seeking advice.

A lot of great advice from the BH as usual, especially cowdogman. I was a sole prop for the first 20 years of my working life, and switched to an LLC about 12 years ago due to issues brought up by Perkunas; some of the companies I work for became more picky about paying individuals as ICs. Even thou...
by Harry Livermore
Tue Jul 14, 2020 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: IRS - Getting a live person for questions
Replies: 6
Views: 417

Re: IRS - Getting a live person for questions

Also, and I've heard this repeated often, you can call 20 times, speak to 20 different reps, and get a surprising variety of answers. The more complicated or obscure your question, the more variation.
At least that's what I've heard (on the internet)
:D
Cheers
by Harry Livermore
Sun Jul 12, 2020 8:02 am
Forum: Personal Consumer Issues
Topic: House with high tension power lines in backyard
Replies: 71
Views: 4702

Re: House with high tension power lines in backyard

Looking at a house to buy. High tension power lines ( with the big towers) crosses just behind backyard. I have concerns. Any advice? in general, probably best to pass on it, as other have mentioned UNLESS there is something so unique about this property and house that makes it 'perfect' for you - ...
by Harry Livermore
Sat Jul 11, 2020 11:43 am
Forum: Investing - Theory, News & General
Topic: Are Roth IRAs “Pay taxes once and never again” really best?”
Replies: 131
Views: 10942

Re: Are Roth IRAs “Pay taxes once and never again” really best?”

I think Klang Fool touches upon a good concept. We have had all kinds of accounts over the years: a SEP-IRA when I was a sole proprietor, traditional IRAs both deductible and non-deductible (in years when we made over the income limits), Roths, and Roth conversions in a "down" year for me, income-w...
by Harry Livermore
Sat Jul 11, 2020 8:40 am
Forum: Personal Investments
Topic: Any Commercial Landlords Out There? Questions Abt Non-Paying NNN Tenant
Replies: 28
Views: 2487

Re: Any Commercial Landlords Out There? Questions Abt Non-Paying NNN Tenant

OP, I am so sorry to hear about this and I hope that you can get a good team onboard to make your relative whole. I apologize that I have no advice to add but just wanted to comment as a small-time amateur real estate investor, how scary the prospect of this situation is. I find our SFH and vacation...
by Harry Livermore
Sat Jul 11, 2020 8:09 am
Forum: Investing - Theory, News & General
Topic: Are Roth IRAs “Pay taxes once and never again” really best?”
Replies: 131
Views: 10942

Re: Are Roth IRAs “Pay taxes once and never again” really best?”

I think Klang Fool touches upon a good concept. We have had all kinds of accounts over the years: a SEP-IRA when I was a sole proprietor, traditional IRAs both deductible and non-deductible (in years when we made over the income limits), Roths, and Roth conversions in a "down" year for me, income-wi...
by Harry Livermore
Fri Jul 10, 2020 11:34 am
Forum: Personal Consumer Issues
Topic: Are basic minivans/suv "luxury" cars?
Replies: 77
Views: 4141

Re: are basic minivans/suv "luxury" cars?

I would say that new vehicle prices have increased faster than wages for most people (maybe not Bogleheads) for a while now. Of course there are more features standard now. Something that frustrates me is that in the last few years vehicles seem less designed for durability. We're not back to the a...
by Harry Livermore
Sat Jul 04, 2020 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 351
Views: 24746

Re: Optimizing PPP Forgiveness

Yes, still open.
Cheers
by Harry Livermore
Fri Jul 03, 2020 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 351
Views: 24746

Re: Optimizing PPP Forgiveness

MP123 wrote:
Fri Jul 03, 2020 12:30 pm

I just got an email today that BofA will begin accepting forgiveness applications in early August, so maybe by then we'll have more info.
Same.
Cheers
by Harry Livermore
Fri Jul 03, 2020 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: [Flood Insurance - Connecticut]
Replies: 3
Views: 197

Re: [Flood Insurance - Connecticut]

Scott, not sure if this helps. Our current home is 301 feet above sea level, at the top of a hill, with no open watercourses anywhere. So we do not have a flood policy here. However, we DO have flood insurance on our SFH rental property. It's on an inland river; the back of the house is less than 20...
by Harry Livermore
Fri Jul 03, 2020 5:58 am
Forum: Personal Finance (Not Investing)
Topic: Landlords: How are you doing this year?
Replies: 121
Views: 13091

Re: Landlords: How are you doing this year?

lots of maintenance requests this year, for dumb stuff... E.g. tenant was turning key wrong way to unlock door, tenant closes window too hard and glass shatters, tenant reports garage door broken (replaced remote batteries). Oy. I have had some "dumb stuff" over the years: tenants move in, 3 days l...
by Harry Livermore
Thu Jul 02, 2020 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: 529 fairness?
Replies: 45
Views: 3970

Re: 529 fairness?

Hey, your goal is to get three kids through school. That is awesome and commendable. Recommend focusing on ways to accomplish that, vice questions of fairness. Your kids will hit colleges at different points in time. They will go to different schools. The prices will be different. The 2nd might get...
by Harry Livermore
Thu Jul 02, 2020 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Landlords: How are you doing this year?
Replies: 121
Views: 13091

Re: Landlords: How are you doing this year?

Has anyone heard of this? 1) Sell 5 of your rental properties at one time 2) Do a 1031 exchange and buy an expensive house 3) Rent out the expensive house for a couple of years 4) Finally, move into the expensive house and make it your primary residence Is this a legal loophole to not pay taxes? to...
by Harry Livermore
Thu Jul 02, 2020 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: What are you paying for umbrella insurance?
Replies: 36
Views: 1998

Re: What are you paying for umbrella insurance?

To further explain this, below are links to an article and comparison by Jack Hungelmann, the author of Insurance for Dummies . The comparison is 10 years old, but the principles are the same. Thank you for the links, very interesting reading. I browsed the articles while going through my own polic...
by Harry Livermore
Thu Jul 02, 2020 6:59 am
Forum: Personal Finance (Not Investing)
Topic: What are you paying for umbrella insurance?
Replies: 36
Views: 1998

Re: What are you paying for umbrella insurance?

+/- $1,200 per year for $5MM umbrella. 2 young drivers (21 and 18) and a third car; I have always wondered how it might change things if we only had 2 cars and 4 drivers. Prior to the now-21 year old getting his license, the $5MM was +/- $600! All 3 properties, all auto, and umbrella all bundled tog...