Search found 9980 matches

by letsgobobby
Thu Apr 27, 2017 2:22 pm
Forum: Personal Consumer Issues
Topic: Why I'm tempted to fix things myself; it's not about the money
Replies: 18
Views: 1375

Why I'm tempted to fix things myself; it's not about the money

We've been trying to get some things fixed and updated around the house. Put in a new vent hood in the kitchen, replace some linoleum tile, put in some grass in a field, etc. Not major remodeling, just handyman and landscaping stuff. Generally I'm willing to outsource this work because it is more co...
by letsgobobby
Tue Apr 25, 2017 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: $1m capital gains, worth it to simplify and index?
Replies: 46
Views: 3637

Re: $1m capital gains, worth it to simplify and index?

if it's possible to spread it out over several years, I'd consider doing it in the 15% bracket. of course it depends on the details of your holdings. there are a few inexpensive actively managed funds and you probably wouldn't want to realize a lot of capital gains to get out of them. on the other h...
by letsgobobby
Tue Apr 25, 2017 6:22 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 235
Views: 12716

Re: I don't understand the case for EE bonds

Well this isn't like buying junk bonds just because the yield is high. So with junk bonds, you get credit risk. With EE bonds, you get other risks. When you think that 7 years CDs returned 3%, going out to 20 years for 3.5% with much more punitive early withdrawal penalties doesn't seem like a gift...
by letsgobobby
Tue Apr 25, 2017 3:01 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 235
Views: 12716

Re: I don't understand the case for EE bonds

what risks and why? the risk that stocks will not outperform bonds over the next 20 years, or in this case return less than 3.5% nominal. again, this could be about withdrawals. rebalancing IS a form of withdrawals. I have no need to withdraw this money, for any reason, at any time, in the next 20 ...
by letsgobobby
Tue Apr 25, 2017 12:18 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 235
Views: 12716

Re: I don't understand the case for EE bonds

You could ask this exact same question about every non-inflation protected government security ever issued and held to maturity. I get it: you don't like nominal bonds. What is your point about EE bonds specifically ? I thought I did answer this. In general, I don't see much purpose to nominal long...
by letsgobobby
Tue Apr 25, 2017 10:59 am
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 235
Views: 12716

Re: I don't understand the case for EE bonds

Hence I don't see a list of the attributes of EE bonds as a complete argument. To me, that isn't helpful unless you explain what it is you are trying to accomplish in the real world and how EE bonds are actually the best choice for that purpose. asked and answered about a dozen times: I want a guar...
by letsgobobby
Tue Apr 25, 2017 10:43 am
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 235
Views: 12716

Re: I don't understand the case for EE bonds

Hence I don't see a list of the attributes of EE bonds as a complete argument. To me, that isn't helpful unless you explain what it is you are trying to accomplish in the real world and how EE bonds are actually the best choice for that purpose. asked and answered about a dozen times: I want a guar...
by letsgobobby
Tue Apr 25, 2017 10:25 am
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 235
Views: 12716

Re: I don't understand the case for EE bonds

If you think it is unlikely but possible, then you have to do some work to quantify how unlikely. Because it is unlikely but possible that lots of things could beat stocks over 20 years (anyone checked on tulip futures recently?). That doesn't mean we should invest in everything like that. And you ...
by letsgobobby
Tue Apr 25, 2017 2:02 am
Forum: Investing - Help with Personal Investments
Topic: Investing $1M
Replies: 55
Views: 4821

Re: Investing $1M

$30k/yr on $1M is 3.0% so under your 3.35% SWR recommendation. Would you recommend fully entering the market now, just choosing the ratio of stocks/bonds that matches my current risk tolerance? yes. If you must dollar cost average over 6 - 12 months it won't hurt you much and may help you avoid reg...
by letsgobobby
Mon Apr 24, 2017 11:51 pm
Forum: Investing - Help with Personal Investments
Topic: Investing $1M
Replies: 55
Views: 4821

Re: Investing $1M

I've recently come into some money (a little over $1M) and have retired in my mid-30s. I want this money to produce $30k/yr after-tax income for me and my family for life. I totally subscribe to buying and holding low-cost index funds and withdrawing for income. However, now just does not seem to b...
by letsgobobby
Mon Apr 24, 2017 8:13 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 235
Views: 12716

Re: I don't understand the case for EE bonds

I Bonds just make a lot less sense as long-term inflation hedges than long-term TIPS, unless you're betting on real yields rising enough to make it worthwhile to redeem your I Bonds and buy TIPS at higher yields (and since you'll lose your "tax deferred space" when you redeem the I Bonds,...
by letsgobobby
Mon Apr 24, 2017 5:08 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 235
Views: 12716

Re: I don't understand the case for EE bonds

Sure, you can always find a scenario where one does better than the other. That's why we diversify and hold investments that will do better than others in certain scenarios. Seems to me that there's too much all or none thinking in this thread. Well, I think it is worth understanding under what cir...
by letsgobobby
Mon Apr 24, 2017 12:00 am
Forum: Personal Consumer Issues
Topic: National Parks in Northern CA
Replies: 34
Views: 2121

Re: National Parks in Northern CA

Spend a couple days in the valley. Spend a day up in Tuolumne. Spend a couple days on the East side of the mountains, which is sparsely populated, much less chaos, and quite beautiful. You can drive from Mono Lake down to Bishop and all the way down to Lone Pine and then back around the southern par...
by letsgobobby
Sun Apr 23, 2017 11:54 pm
Forum: Personal Consumer Issues
Topic: interesting things to see/do in Victoria and Vancouver, Canada
Replies: 19
Views: 1114

Re: interesting things to see/do in Victoria and Vancouver, Canada

The Royal British Columbia Museum in Victoria is one of the best natural history museums I've been to.
by letsgobobby
Sun Apr 23, 2017 8:14 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 235
Views: 12716

Re: I don't understand the case for EE bonds

you are really and repeatedly missing the point. if my goal was to maximize the amount of money in my hand when the chips are down, or whatever you said, I would invest exclusively in ultra micro cap deep value emerging market stocks, or some such. By the plain fact that I hold 40% bonds you should ...
by letsgobobby
Sun Apr 23, 2017 2:30 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 235
Views: 12716

Re: I don't understand the case for EE bonds

If you own any TBM, you own intermediate and long term bonds. Do you own any TBM? Many investors do; and the standard 3 or 4 fund Boglehead portfolio containts TBM as well. What I'm doing is simply replacing some portion of TBM with another high quality, long term bond, that happens to be less liqui...
by letsgobobby
Sun Apr 23, 2017 12:57 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 235
Views: 12716

Re: I don't understand the case for EE bonds

I buy bonds for the guaranteed returns, either nominal or inflation-adjusted at the end of a specific term. Exactly why is a guaranteed nominal return valuable? The same reason many people buy SPIAs, or like to have non-COLA pensions, or frankly, buy any nominal corporate or government bond: certai...
by letsgobobby
Sun Apr 23, 2017 11:40 am
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 235
Views: 12716

Re: I don't understand the case for EE bonds

Kevin, you said rolling 5 year CDs could be a better choice for the above poster, but in response to my question above, you indicated rates would need to be quite a bit higher, or: 2.75% now 3.68% in 5 years 4.61% in 10 years 5.57% in 15 years Obviously we can't predict the future but with 30 year t...
by letsgobobby
Sun Apr 23, 2017 10:23 am
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 235
Views: 12716

Re: I don't understand the case for EE bonds

you say you do own bonds. What bonds (or fixed income) do you own, and what percentage of your portfolio are they? I'm guessing that this is directed toward me. Both the question and the answer are germane to this thread and off topic. However, I know of many Bogleheads who are very bond heavy and ...
by letsgobobby
Sun Apr 23, 2017 12:58 am
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 235
Views: 12716

Re: I don't understand the case for EE bonds

you say you do own bonds. What bonds (or fixed income) do you own, and what percentage of your portfolio are they?
by letsgobobby
Sat Apr 22, 2017 7:08 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 235
Views: 12716

Re: I don't understand the case for EE bonds

and some of us plan to tax rate arbitrage the EEs, in my case from 35% marginal to perhaps 25% marginal in 20 years. kevin, what rates what a CD have to earn to compare to an EE for someone like me?
by letsgobobby
Sat Apr 22, 2017 4:45 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 235
Views: 12716

Re: I don't understand the case for EE bonds

what if you expected inflation to be 1% over the next 20 years? A guaranteed 2.5% real return (assuming you knew precisely what inflation would be) would sound good except that I can't change my mind mid-stream without losing essentially all of the return. So even if I knew with 100% certainty that...
by letsgobobby
Sat Apr 22, 2017 4:01 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 235
Views: 12716

Re: I don't understand the case for EE bonds

So that's an odd argument to me. Maybe if you got lucky with your bad luck, so to speak, the deflationary scenario happens right before they double. Otherwise, it seems to me you are running a serious risk of not being able to get the benefit of holding nominal long bonds in a deflationary scenario...
by letsgobobby
Sat Apr 22, 2017 3:23 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 235
Views: 12716

Re: I don't understand the case for EE bonds

So that's an odd argument to me. Maybe if you got lucky with your bad luck, so to speak, the deflationary scenario happens right before they double. Otherwise, it seems to me you are running a serious risk of not being able to get the benefit of holding nominal long bonds in a deflationary scenario...
by letsgobobby
Sat Apr 22, 2017 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Should some professions tell people how much they make?
Replies: 39
Views: 4774

Re: Should some professions tell people how much they make?

But you said you have tutored some kids for a couple months then were let go. That no longer has to do with your age. That means they tried you out, and didn't feel they were getting their money's worth. This is it. People gave you a chance, despite your appearance. They tried you out, and didn't s...
by letsgobobby
Sat Apr 22, 2017 10:15 am
Forum: Personal Finance (Not Investing)
Topic: IRS refund today!
Replies: 43
Views: 3304

Re: IRS refund today!

Good point, never thought about that. But by then does it much matter? Of course, I enjoy getting a mu refund check even though it is just money I over paid it is always fun to get a decent size check or more accurately electronic deposit. Fine, but if you are due a refund and your SSN gets hijacke...
by letsgobobby
Sat Apr 22, 2017 9:37 am
Forum: Personal Finance (Not Investing)
Topic: IRS refund today!
Replies: 43
Views: 3304

Re: IRS refund today!

I think a lot of people here don't really have that option because they are paying 110% of the previous years taxes in estimate taxes. But by late December you should pretty much know what your income is. Simply adjust the 4th quarterly payment down if necessary. so this means changing my w4, then ...
by letsgobobby
Sat Apr 22, 2017 8:45 am
Forum: Personal Finance (Not Investing)
Topic: IRS refund today!
Replies: 43
Views: 3304

Re: IRS refund today!

I don't think owing taxes prevents those that steal your identity from filing with made up numbers and claiming refunds. No it does still create a hassle but it does remove the risk that your refund gets hung up for weeks/months while you sort out the details with the IRS. Like Sidney, I try to tun...
by letsgobobby
Sat Apr 22, 2017 12:08 am
Forum: Personal Finance (Not Investing)
Topic: IRS refund today!
Replies: 43
Views: 3304

Re: IRS refund today!

7 days. nice.

Beyond the pleasant surprise at the speed of the refund, I always breathe a sigh of relief when someone else hasn't claimed my refund for himself.
by letsgobobby
Fri Apr 21, 2017 8:33 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 235
Views: 12716

Re: I don't understand the case for EE bonds

Few points before I call it a night. The reason not to compare to equities is their incomparably higher risk compared to fixed income. Yes, stocks go to zero. So do stock markets. Not likely, but my portfolio is designed to protect against tail risk. Low returns I can handle. I used to believe high ...
by letsgobobby
Fri Apr 21, 2017 5:36 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 235
Views: 12716

Re: I don't understand the case for EE bonds

I'm really not trying to be rude, but that's irrelevant to my question. I would like to know, specifically, why you are attracted to EE bonds. Didn't he state it above? : "get a guaranteed 3.5% nominal return over the next 20 years" Stock market doesn't do this. When I addressed that issu...
by letsgobobby
Fri Apr 21, 2017 4:53 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 235
Views: 12716

Re: I don't understand the case for EE bonds

May I then ask why you hold EE bonds? People talk about risk, but how much risk is there in holding equities for twenty years? Is it because you want a guarantee, irrespective of inflation risk? Are you 100% stocks? I'm really not trying to be rude, but that's irrelevant to my question. I would lik...
by letsgobobby
Fri Apr 21, 2017 3:34 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 235
Views: 12716

Re: I don't understand the case for EE bonds

willthrill81 wrote:May I then ask why you hold EE bonds? People talk about risk, but how much risk is there in holding equities for twenty years? Is it because you want a guarantee, irrespective of inflation risk?

Are you 100% stocks?
by letsgobobby
Fri Apr 21, 2017 3:02 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 235
Views: 12716

Re: I don't understand the case for EE bonds

Where else can you get a guaranteed 3.5% nominal return over the next 20 years? I would not put all my money in EE bonds, not even all my fixed income. But for money I definitely won't need for 20 years, I do not see another comparable return, comparabe risk asset class. We buy the max every year. ...
by letsgobobby
Fri Apr 21, 2017 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: 529 and Vanguard Status
Replies: 6
Views: 654

Re: 529 and Vanguard Status

Vanguard does not count Utah UESP held Vanguard funds or any other Vanguard funds held at any 529 except for Nevada, where they are they administrator of the plan.
by letsgobobby
Fri Apr 21, 2017 2:38 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 235
Views: 12716

Re: I don't understand the case for EE bonds

Where else can you get a guaranteed 3.5% nominal return over the next 20 years?

I would not put all my money in EE bonds, not even all my fixed income. But for money I definitely won't need for 20 years, I do not see another comparable return, comparabe risk asset class. We buy the max every year.
by letsgobobby
Wed Apr 19, 2017 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Accidental landlord turning to for sale by owner
Replies: 29
Views: 2720

Re: Accidental landlord turning to for sale by owner

We are in a hot seller's market, and one tactic which may help is to update your listing on Zillow, trulia, and other public sites to say that it is 'coming soon.' You should be able to post exterior photos and maybe some interior ones as well. Psychologically this builds excitement and anticipation...
by letsgobobby
Tue Apr 18, 2017 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Real estate rate of return?
Replies: 34
Views: 3106

Re: Real estate rate of return?

Why not a) buy a separate condo or cottage house that you rent out, without going through the trouble of construction and permitting and having a stranger live in your back yard A separate condo or cottage house in this area would cost at least twice as much as our highest estimate. I definitely co...
by letsgobobby
Tue Apr 18, 2017 8:22 am
Forum: Personal Consumer Issues
Topic: Anyone have sod installed?
Replies: 16
Views: 1639

Re: Anyone have sod installed?

live near the sod capital of the country. 8000 sf of sod delivered on pallets would be about $3000. working on a bid for someone else to do the work and figure it will be a multiple of that. soil prep is important and it helps to have the right equipment and experience. our native clay soil will oth...
by letsgobobby
Tue Apr 18, 2017 2:04 am
Forum: Personal Consumer Issues
Topic: If a doctor takes your insurance, must they accept the negotiated rate?
Replies: 62
Views: 4667

Re: If a doctor takes your insurance, must they accept the negotiated rate?

Amazing how hard it is to collect after someone has already received their services. Amazing how one can expect the patient to pay, when the amount is not even known at the time of service. Therapy is somewhat different; traditionally the fee is agreed upon in advance, even if the patient no-shows.
by letsgobobby
Mon Apr 17, 2017 11:09 am
Forum: Investing - Theory, News & General
Topic: "Yield surge: Remember the real role of bonds"
Replies: 14
Views: 1873

Re: "Yield surge: Remember the real role of bonds"

I also noticed a surge in prices. the yield dropped from 2.6% to 2.2% in about 3 weeks.
by letsgobobby
Fri Apr 14, 2017 5:58 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 196
Views: 15653

Re: Tesla Model 3 or Chevy Bolt?

I still don't 'get' range anxiety. :? I don't get it either, but I guess some people don't look at their fuel gauges until the lights come on. Indeed. Meaning no insult, I think its a function of 'innumeracy'. Some people are comfortable juggling a couple numbers in their head (like which is greate...
by letsgobobby
Fri Apr 14, 2017 8:51 am
Forum: Investing - Help with Personal Investments
Topic: How to invest my children's inheritance
Replies: 33
Views: 2758

Re: How to invest my children's inheritance

Thank you for your comments. I was afraid of the answers, life is never that simple. Allow me to be specific, I will not need the money and it is a bit over $5m (in cash, after tax, recently received from the sell of a business) to be shared among 4 children. Why I am that sure? Excluding the above...
by letsgobobby
Thu Apr 13, 2017 11:35 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 196
Views: 15653

Re: Tesla Model 3 or Chevy Bolt?

actually certified 2014 BMW i3s with 18k-21k miles are only $17k-$19k in my area. There's an idea. However I think it's because the 2017s have a battery only range of 114 miles, making the older models far less attractive. And CR says to avoid the 2014 models as they have poor reliability.
by letsgobobby
Thu Apr 13, 2017 11:32 am
Forum: Personal Finance (Not Investing)
Topic: best resources for executor
Replies: 6
Views: 406

best resources for executor

Hello, Can anyone recommend good resources for being executor of an estate? I have placed the following books on hold through my library: The Everything Executor and Trustee Book - Wilson The Nolo Executor's Guide - Randolph The Executor's Handbook - Hughes and Klein Other online resources or genera...
by letsgobobby
Mon Apr 10, 2017 3:31 pm
Forum: Personal Consumer Issues
Topic: home exchange experiences
Replies: 9
Views: 1007

Re: home exchange experiences

Do we have any serially successful home exchangers here? I would like to hear from those who have traveled this way, especially from those who have been successful despite not having a prime home exchange site (ie, you do not live off Central Park in New York City, or have a beachfront home in Hawa...
by letsgobobby
Sun Apr 09, 2017 10:16 pm
Forum: Personal Consumer Issues
Topic: home exchange experiences
Replies: 9
Views: 1007

Re: home exchange experiences

Idiotic question: What is this concept? Do you swap homes for a week or something? yes, or longer - a month or more in many cases. Sometimes a car. There are websites for exchanging, but I don't think they have discussion forums. Very affordable way to travel and become a true traveler rather than ...
by letsgobobby
Sun Apr 09, 2017 2:04 pm
Forum: Personal Consumer Issues
Topic: home exchange experiences
Replies: 9
Views: 1007

Re: home exchange experiences

anybody?
by letsgobobby
Sat Apr 08, 2017 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor ROTH questions
Replies: 12
Views: 785

Re: Backdoor ROTH questions

Thank you very much for your thoughts! So if we can't attempt a ROTH conversion for 2016 IRA now, is there any reason to open an IRA with after tax $ for 2016? Or are we better off just sticking that money in our regular taxable account? I will now do some research on pros and cons of after tax IRA...
by letsgobobby
Sat Apr 08, 2017 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor ROTH questions
Replies: 12
Views: 785

Re: Backdoor ROTH questions

Hi all, We are going to attempt a backdoor Roth conversion, but have some questions that I am hoping you can help with. 1. I have a SIMPLE IRA from an old employer (not much, $1400) that I just rolled into my 401k (in March). 2. If we open an IRA with after tax dollars on Monday (with the intent to...

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