Search found 11783 matches

by letsgobobby
Wed Jan 16, 2019 12:43 pm
Forum: Investing - Theory, News & General
Topic: Real value of NYC real estate, 1899-1999.
Replies: 36
Views: 2858

Re: Real value of NYC real estate, 1899-1999.

You are arguing with the resident RE .... zealot I should have to say. It's worked for him. He likes talking about it. There is no possibility of an external audit of his returns - we have to take them on trust. He likes talking about it so much he does so on a Forum mostly devoted to (equity and b...
by letsgobobby
Wed Jan 16, 2019 12:39 pm
Forum: Investing - Theory, News & General
Topic: Real value of NYC real estate, 1899-1999.
Replies: 36
Views: 2858

Re: Real value of NYC real estate, 1899-1999.

This is just one alternative to the 4% rule where you need a much larger portfolio so that you don't run out of money. Nope, historical total return of real estate is comparable to equity (see https://www.cbsnews.com/news/history-says-home-real-estate-is-a-bad-investment/ ). The 4% rule of thumb do...
by letsgobobby
Wed Jan 16, 2019 10:59 am
Forum: Personal Consumer Issues
Topic: Washington State Solar Incentives
Replies: 7
Views: 317

Re: Washington State Solar Incentives

Hi all, I live in Washington and am exploring getting solar panels for my house. My understanding is I'd get a 30% discount on the cost in the form of a federal tax credit, but that Washington's solar incentive funds have been used up, so I don't think I should count on that offsetting any of my co...
by letsgobobby
Tue Jan 15, 2019 11:06 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4043
Views: 1100947

Re: What Movie Have You Recently Watched?

EPWorrell wrote:
Tue Jan 08, 2019 8:35 am
Watch the latest Pirates of the Caribbean movie "Dead Men Tell No Tales."

They should have stopped a few movies ago.
Stopping after the first movie would not have been soon enough.
by letsgobobby
Tue Jan 15, 2019 9:33 am
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 392
Views: 35624

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

Doubling in 17 years is 4.16%, not 3.5%.
by letsgobobby
Mon Jan 14, 2019 3:05 pm
Forum: Investing - Theory, News & General
Topic: GMO's 7‐Year Asset Class Real Return Forecasts
Replies: 25
Views: 1302

Re: GMO's 7‐Year Asset Class Real Return Forecasts

GMO has released to the public its 7‐Year Asset Class Real Return Forecasts. As of December 31, 2018 They are Stocks -2.5% U.S. Large 1.3% U.S. Small 2.0% Intl Large 2.8% Intl Small 4.7% Emerging 8.2% Emerging Value Bonds -0.7% U.S. Bonds -2.6% Intl Hedged 2.7% Emerging debt -0.1% U.S. Inflation Li...
by letsgobobby
Mon Jan 14, 2019 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: too much college savings
Replies: 40
Views: 3494

Re: too much college savings

Will, from this thread it seems you are someone who values flexibility and will sometimes accept a lower return in exchange for more flexibility. I am the opposite, I have multiple buckets of money and don't need flexibility for all of them. Those buckets I am inflexible with I can seek out either m...
by letsgobobby
Mon Jan 14, 2019 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: too much college savings
Replies: 40
Views: 3494

Re: too much college savings

I have an uncle who participated in a pre-paid college program for both of his sons. At least one of them will not be attending college, and the jury's out on the other. TMK, he'll only get the nominal dollars back he paid into the program Lousy prepaid plan. The best of them allow withdrawal at fu...
by letsgobobby
Mon Jan 14, 2019 11:44 am
Forum: Personal Finance (Not Investing)
Topic: too much college savings
Replies: 40
Views: 3494

Re: too much college savings

This is one of the reasons why I chose not to contribute to a 529 account. The possibility of your children not attending college or else getting a free ride is too high in my estimation, especially if you have other tax-advantaged space. You went from talking about “I” to talking about “you”. Who ...
by letsgobobby
Mon Jan 14, 2019 11:00 am
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 392
Views: 35624

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

There's only one definition of risk that matters: that of failing to reach your financial goal. However secure EE bonds seem, they are riskier than stocks because they are less likely to contribute to that goal. By your definition nearly every bond is riskier than stocks. In the short-term, stocks ...
by letsgobobby
Mon Jan 14, 2019 9:59 am
Forum: Personal Finance (Not Investing)
Topic: too much college savings
Replies: 40
Views: 3494

Re: too much college savings

I'm following this thread because I am wondering if I might save too much. My kids are 7, 1, and 3 months. I've saved about $70K, $27K, and $5k right now. Would the OP say I'm saving too much? I live in Pennsylvania so the tax break can become irresistible at the end of the year. I'm stating my num...
by letsgobobby
Mon Jan 14, 2019 9:55 am
Forum: Personal Finance (Not Investing)
Topic: too much college savings
Replies: 40
Views: 3494

Re: too much college savings

Good problem to have. Why not withdrawal unused and pay tax ? Why not you use, go to any European university and learn simething that interests you or your spouse ? There are tons of language schools throughout Europe. They do immersive language training. I would love to visit Italy for 2 months of...
by letsgobobby
Mon Jan 14, 2019 8:34 am
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 392
Views: 35624

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

There's only one definition of risk that matters: that of failing to reach your financial goal. However secure EE bonds seem, they are riskier than stocks because they are less likely to contribute to that goal. By your definition nearly every bond is riskier than stocks. If you want to have that d...
by letsgobobby
Mon Jan 14, 2019 1:00 am
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 392
Views: 35624

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

james22 wrote:
Sun Jan 13, 2019 11:19 pm
letsgobobby wrote:
Sun Jan 13, 2019 9:10 pm
i made the choice to take all my risk on the equity side.
I know you believe that, bobby, but EE bonds are *riskier* than stocks over 20 years.
This is a serious oversimplification. Perhaps you can start a new thread about how to define risk.
by letsgobobby
Sun Jan 13, 2019 9:10 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 392
Views: 35624

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

And anyway, I've already made the stock/bond decision. The question is what bonds. You've said this several times before, but I still don't understand your logic here. Someone taking this route could easily say, "I must have X% bonds in my portfolio, but these long-term, high-yield corporate bonds ...
by letsgobobby
Sun Jan 13, 2019 3:12 pm
Forum: Personal Consumer Issues
Topic: Anyone ever buy Hilton's Timeshares (HGVC)?
Replies: 46
Views: 8450

Re: Anyone ever buy Hilton's Timeshares (HGVC)?

About to go to another HGVC presentation. This will be our fourth I think. This week is $1700 for a 2br/2 ba brand new tower at Hilton Hawaiian Village, at spring break. Fantastic price for quality and location. Worth the 90 minute presentation. Still think about buying resale but would never buy new.
by letsgobobby
Sun Jan 13, 2019 3:02 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 392
Views: 35624

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

We have large 529s but still find value in EE bonds for long term money. At some point we'll have overfunded 529s and EE and I bonds expand our tax deferred space. The future is not knowable. If stocks were guaranteed to outperform bonds, they wouldn't be risky. At recent valuations they may well no...
by letsgobobby
Sun Jan 13, 2019 2:11 am
Forum: Personal Consumer Issues
Topic: Brake fluid replacement?
Replies: 68
Views: 3747

Re: Brake fluid replacement?

at the 140k mile service, the dealer told us our 2012 Prius brake fluid had tested too high in moisture and they recommended replacing. For $130 I didn’t argue, what would I say?

that’s the only brake fluid I’ve ever replaced, I think.
by letsgobobby
Sun Jan 13, 2019 12:24 am
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 392
Views: 35624

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

But as of right now, if someone wants to buy a 15+ year US government bond, he ought to give EE bonds a serious look-see. And most investors who own TBM, or a Target date retirement fund, own US treausuries of 15+ years. Treasuries and EE bonds are not equivalent. Treasuries can be sold at any time...
by letsgobobby
Sat Jan 12, 2019 9:26 pm
Forum: Investing - Help with Personal Investments
Topic: Inheriting previously inherited assets, do they get stepped up twice?
Replies: 4
Views: 712

Inheriting previously inherited assets, do they get stepped up twice?

I inherit some shares from my dad when he passes. I never sell them. Then when I die, they are left to my child. What is her basis?

Does this process continue indefinitely?
by letsgobobby
Sat Jan 12, 2019 8:05 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 392
Views: 35624

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

I've had some for ten years and compared to nominal bonds, I'm not unhappy with them. We have ten years to go before I'll be able to make a final assessment. But as of right now, if someone wants to buy a 15+ year US government bond, he ought to give EE bonds a serious look-see. And most investors w...
by letsgobobby
Sat Jan 12, 2019 5:15 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 392
Views: 35624

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

You specifically said that significant deflation is the only upside EE bonds have, but they have upside relative to nominal treausuries under a wide range of inflation outcomes.

James, EE bonds are most appropriate for a portion of one's fixed income holdings, not all.
by letsgobobby
Sat Jan 12, 2019 12:21 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 392
Views: 35624

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

Yeah, I don't believe nominal returns guarantee anything that matters. EE bonds too risky for me. To the extent that the future resembles the past, EE bonds are riskier than stocks. In real dollars, the worst twenty year period for stocks would have done better than the worst twenty year period whe...
by letsgobobby
Fri Jan 11, 2019 6:49 pm
Forum: Personal Consumer Issues
Topic: NYC restaurant hidden gems?
Replies: 25
Views: 1921

Re: NYC restaurant hidden gems?

Barn Joo in East Village has the BEST - ok, the only - yukgaejang I’ve ever had. It’s this spicy, savory, beef noodle soup made with fern bracken. It’s worth flying cross country for so worth walking crosstown for. A bit closer was Pars Grill, a wonderful little Persian place on West 26th, but it ap...
by letsgobobby
Thu Jan 10, 2019 10:20 am
Forum: Personal Consumer Issues
Topic: United, American Airlines, Delta--about the same?
Replies: 144
Views: 7737

Re: United, American Airlines, Delta--about the same?

You will definitely want to consider a premium credit card such as CSR as you will get a good priority pass membership to use. In some cities such as DEN, PDX, and LAX that will mean free restaurant meals in lieu of lounge entry. But lounge entry can also be nice and may get you nearly a meal, such ...
by letsgobobby
Thu Jan 10, 2019 8:06 am
Forum: Personal Consumer Issues
Topic: United, American Airlines, Delta--about the same?
Replies: 144
Views: 7737

Re: United, American Airlines, Delta--about the same?

We're planning a trip for late spring, and the main airlines serving our start and destination cities are United, American Airlines, and Delta. At the moment, there are no non-stop flights, a decent number of one-stop through flights, and tons of code-share one-ticket-two-planes-one-DBA flights. Pr...
by letsgobobby
Wed Jan 09, 2019 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Do you take inheritance into account when calculating net worth?
Replies: 68
Views: 4484

Re: Do you take inheritance into account when calculating net worth?

Doorman to Rich Father - Your son is a much better tipper than you.

Rich Father to Doorman - He has a rich father.
by letsgobobby
Wed Jan 09, 2019 6:05 pm
Forum: Investing - Theory, News & General
Topic: BHers, what is your Roth IRA %?
Replies: 113
Views: 5225

Re: BHers, what is your Roth IRA %?

There used to be income limits on that, right? I'm not sure. That would have been before I was interested in converting, if it used to be. Obviously you couldn't convert to Roth before Roths even existed. I looked it up and found this in wikipedia: Prior to 2010, two circumstances prohibited conver...
by letsgobobby
Tue Jan 08, 2019 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Do you take inheritance into account when calculating net worth?
Replies: 68
Views: 4484

Re: Do you take inheritance into account when calculating net worth?

In the past, I asked about taking into account pensions when calculating ones net worth. What about future inheritances? I don't but wanted curious what others think. I didn't "count it," whatever that means, but eventually I couldn't ignore it. The closer it came to fruition the less sense that ma...
by letsgobobby
Tue Jan 08, 2019 4:36 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 392
Views: 35624

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

Hah, a government backed bond paying a "guaranteed" 7.5% per year. No wonder he thinks EE bonds are so pitiful! As I posted above, I receive no pension. My distaste for EE bonds has everything to do with being locked in for 20 years to an investment that, historically speaking, would have been risk...
by letsgobobby
Tue Jan 08, 2019 9:28 am
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 392
Views: 35624

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

Hah, a government backed bond paying a "guaranteed" 7.5% per year. No wonder he thinks EE bonds are so pitiful!
by letsgobobby
Mon Jan 07, 2019 11:40 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 392
Views: 35624

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

Comparing any government bond to any stock index is irresponsible and irrelevant. I don't want to get on that merry-go-round again, so I will simply say that it is perfectly reasonable to compare completely disparate investment opportunities in terms of what they provide. Some investments provide g...
by letsgobobby
Mon Jan 07, 2019 7:03 pm
Forum: Personal Consumer Issues
Topic: master suite features for addition
Replies: 66
Views: 3366

Re: master suite features for addition

I would put a washer and dryer inside the master walk-in closet, along with an ample table to fold things when they come out of the dryer. You could do a Murphy-style table if you didn't want it out all the time. This would be in addition to a laundry room elsewhere in the house. I've seen a master...
by letsgobobby
Mon Jan 07, 2019 3:19 pm
Forum: Investing - Theory, News & General
Topic: Safe withdrawal rate at 38 years old
Replies: 95
Views: 7369

Re: Safe withdrawal rate at 38 years old

I’m looking at the possibility of selling my company for a large amount of money. My wife and I both own/operate it, so we would both be unemployed in this scenario. We would both find some other form of work, but likely at a much lower income level. For purposes of this question, I want to ignore ...
by letsgobobby
Mon Jan 07, 2019 3:13 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 392
Views: 35624

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

Comparing any government bond to any stock index is irresponsible and irrelevant. These assets serve different roles in a portfolio. The question is if one holds fixed income, what is the best fixed income to hold? There is currently no US government backed instrument currently guaranteed to double ...
by letsgobobby
Mon Jan 07, 2019 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 form 1040 released
Replies: 26
Views: 3483

Re: 2018 form 1040 released

Are Schedules 1-6 considered final? What are all these lines that say, "reserved?"

What about schedules A, B, C, D, E, etc?
by letsgobobby
Mon Jan 07, 2019 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Doing personal income taxes by hand, and TaxAct question
Replies: 9
Views: 1179

Re: Doing personal income taxes by hand, and TaxAct question

The problem is that we have 2 backdoor Roth IRAs, one inherited IRA without basis, and one inherited IRA with basis. TaxAct can't handle this (confirmed last year with phone support) and neither can TurboTax. Here's the thread from last year: https://www.bogleheads.org/forum/viewtopic.php?f=2&t=2385...
by letsgobobby
Sun Jan 06, 2019 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Doing personal income taxes by hand, and TaxAct question
Replies: 9
Views: 1179

Doing personal income taxes by hand, and TaxAct question

Is this a terrible idea? Any experience with the new tax law as far as personal returns go? Once our taxes got complex enough to stop doing them by hand about ten years ago, I switched over to using TaxAct. I've been happy with them, until last year (2017 tax year). In 2017 we had three form 8606s f...
by letsgobobby
Sat Jan 05, 2019 8:28 pm
Forum: Investing - Theory, News & General
Topic: The next 20 years for stocks should be a lot better..
Replies: 10
Views: 2568

Re: The next 20 years for stocks should be a lot better..

Leesbro63 wrote:
Sat Jan 05, 2019 7:28 pm
Are stocks really cheaper than 1999?
By different metrics, from one third to one half less expensive.
by letsgobobby
Sat Jan 05, 2019 6:51 pm
Forum: Investing - Theory, News & General
Topic: The next 20 years for stocks should be a lot better..
Replies: 10
Views: 2568

Re: The next 20 years for stocks should be a lot better..

Stocks are much cheaper today than they were twenty years ago, so I agree. But the dispersion of likely returns remains very large. Your plan should accommodate even those outcomes you think unlikely.
by letsgobobby
Sat Jan 05, 2019 9:08 am
Forum: Personal Consumer Issues
Topic: master suite features for addition
Replies: 66
Views: 3366

Re: master suite features for addition

Yes: https://www-wsj-com.cdn.ampproject.org/v/s/www.wsj.com/amp/articles/the-secret-to-a-happy-marriage-two-master-bedrooms-1489672201?amp_js_v=a2&_gsa=1&usqp=mq331AQECAFYAQ%3D%3D#referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fwww.wsj.com%2Farticles%2Fthe-secr...
by letsgobobby
Sat Jan 05, 2019 1:48 am
Forum: Personal Consumer Issues
Topic: Which Compact SUV Should I Buy?
Replies: 177
Views: 9202

Re: Which Compact SUV Should I Buy?

livesoft wrote:
Thu Jan 03, 2019 3:55 pm
Toyota RAV4 has all the safety features nowadays of Volvo, Subaru, et al. But you would be making a statement with the RAV4.
The bumper sticker on my RAV4 makes the following statement:

https://goo.gl/images/CvtfCY
by letsgobobby
Sat Jan 05, 2019 1:43 am
Forum: Personal Consumer Issues
Topic: master suite features for addition
Replies: 66
Views: 3366

Re: master suite features for addition

Things we have and love (we didn’t design this, but it came with everything we wanted) His and hers vanity (guess whose is bigger) His and hers walk in closets (guess whose is bigger) Heated, jetted tub. Again, guess who loves it more? Heated tile floors. Heated shower floors. Really nice. walk in d...
by letsgobobby
Sat Jan 05, 2019 1:31 am
Forum: Personal Consumer Issues
Topic: master suite features for addition
Replies: 66
Views: 3366

Re: master suite features for addition

Hi all, I used the search box to find some help and found a thread regarding features people liked/disliked about their house addition but did not find one specific to a master suite. We are putting on a master suite addition and are keeping it relatively simple but would like some suggestions from...
by letsgobobby
Thu Jan 03, 2019 11:54 pm
Forum: Investing - Theory, News & General
Topic: Who has the highest allocation to international stocks?
Replies: 65
Views: 5651

Re: Who has the highest allocation to international stocks?

I'm 60% international. My goal is not to better the US markets, but to decrease the odds of asymmetrical risk, ie, a single country black swan event.
by letsgobobby
Thu Jan 03, 2019 8:10 pm
Forum: Personal Consumer Issues
Topic: Chase Sapphire Reserve
Replies: 50
Views: 5645

Re: Chase Sapphire Reserve

Ah, it's because I don't have an NFC capable phone so I can't earn the 3x on mobile wallet. Also I don't think you can do a mixed points and dollars redemption for travel with Altitude whereas you can with CSR UR.
by letsgobobby
Thu Jan 03, 2019 2:41 am
Forum: Investing - Theory, News & General
Topic: The Future of Investing & And where the market is going
Replies: 32
Views: 3124

Re: The Future of Investing & And where the market is going

Elbukari wrote:
Wed Jan 02, 2019 9:13 am
What implications can we take away from this little sum of statistics and data in our own investing behavior?
Diversify.
by letsgobobby
Thu Jan 03, 2019 1:52 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 714
Views: 92035

Re: How much money do you want to retire?

bhsince87 wrote:
Wed Jan 02, 2019 5:15 pm
About $3 million did it for me. Today is my first day!
Congratulations! And happy New year (it's almost like you planned it that way)!
by letsgobobby
Thu Jan 03, 2019 1:36 am
Forum: Investing - Help with Personal Investments
Topic: My annualized returns: when real life follows academic studies
Replies: 26
Views: 2885

Re: My annualized returns: when real life follows academic studies

Thanks for posting.

International has also been a drag for your investing lifespan; ask me how I know.
by letsgobobby
Wed Jan 02, 2019 1:56 pm
Forum: Personal Consumer Issues
Topic: Chase Sapphire Reserve
Replies: 50
Views: 5645

Re: Chase Sapphire Reserve

That card is worth a trip to a branch! Though I'd hate to book a flight only to have them pull the deal.

Do I have to be a resident of those states to get the card? Do I have to have an account with the bank?