Search found 87 matches

by Ralph Furley
Tue Nov 24, 2020 6:58 am
Forum: Personal Investments
Topic: What is your percentage of debt to NW?
Replies: 139
Views: 7406

Re: What is your percentage of debt to NW?

Personal debt is 0% of net worth
Business debt is about 12% (promissory note to business partner with 0% interest)

I am under contract to purchase an income property and will have debt on that. Once I close on that purchase, debt will be about 20% of net worth.
by Ralph Furley
Sun Nov 15, 2020 10:11 pm
Forum: Investing - Theory, News & General
Topic: % allocation in bitcoin
Replies: 204
Views: 11140

Re: % allocation in bitcoin

During the last economic downturn, listening to Max Keiser convinced me that fiat money eventually evaporates, etc. He talked a lot about owning physical gold and silver and he talked about something new called Bitcoin. At that time in 2011 a Bitcoin was worth about one Greenback and I remember it g...
by Ralph Furley
Sat Nov 14, 2020 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Does this investment property purchase make sense?
Replies: 27
Views: 1590

Re: Does this investment property purchase make sense?

Is there something else driving the interest in this deal? For instance, do you plan to use this condo yourself? Either way, I would keep looking. The numbers would not work for me. I am pulling the trigger on one right now. Non-residential income property. 7.9 maybe even 8 cap rate. Nice positive c...
by Ralph Furley
Fri Nov 13, 2020 7:36 am
Forum: Personal Finance (Not Investing)
Topic: If your net worth is over $3 million, how did you do it?
Replies: 523
Views: 134208

Re: If your net worth is over $3 million, how did you do it?

Interesting to see this 6 year old thread bumped and go back and read my response and reflect on how much my financial life has changed over that time period. Funny...I had just read your original reply and then skipped to the most recent page and read this. And, figured a decade was probably longe...
by Ralph Furley
Wed Nov 11, 2020 9:21 pm
Forum: Investing - Theory, News & General
Topic: Taylor Sends His Best to Fellow Bogleheads
Replies: 278
Views: 20206

Re: Taylor Sends His Best to Fellow Bogleheads

I hope you're back to full speed soon, Taylor!
by Ralph Furley
Wed Nov 04, 2020 9:13 pm
Forum: Personal Consumer Issues
Topic: Can someone give me a simple "For Dummies" version of buying physical gold?
Replies: 36
Views: 3754

Re: Can someone give me a simple "For Dummies" version of buying physical gold?

Thank you! Will check out those dealers mentioned. Probably a stupid question, but why do people buy from a dealer instead of directly from the mint? Is that not possible? Say buying an American Eagle from the US Mint or Maple Leaf from the Canadian Mint? From the US Mint's website: How to Buy Unit...
by Ralph Furley
Wed Nov 04, 2020 8:04 pm
Forum: Personal Consumer Issues
Topic: Can someone give me a simple "For Dummies" version of buying physical gold?
Replies: 36
Views: 3754

Re: Can someone give me a simple "For Dummies" version of buying physical gold?

I have not purchased physical gold or silver in a really long time, but consider this a 3rd vote for Apmex. If I buy more at some point, I'll just buy it from them.
by Ralph Furley
Sun Nov 01, 2020 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: New opportunity in Austin vs current employer in california
Replies: 36
Views: 2818

Re: New opportunity in Austin vs current employer in california

I typically visit Austin two or three times per year on business. I always look forward to those trips. Cool city. Great food and music scene. Lots to do. I typically visit northern California once per year on business/pleasure. I love the weather, mountains, ocean, range of outdoor activities (hiki...
by Ralph Furley
Wed Oct 21, 2020 6:09 am
Forum: Investing - Theory, News & General
Topic: REITS after 2020
Replies: 15
Views: 2014

Re: REITS after 2020

REITs can encompass a broad, diversified portfolio of property types: warehouse, multifamily (residential), office, data centers, public storage companies (we pay a lot of money to store our worthless junk outside of our homes), timber land, etc. When we talk REITs at Bogleheads.org, especially in l...
by Ralph Furley
Tue Oct 20, 2020 9:05 pm
Forum: Personal Investments
Topic: How much do you allocate to international equity?
Replies: 73
Views: 4695

Re: How much do you allocate to international equity?

I'm somewhere between 15% and 20% of total portfolio with an 80/20 AA. One seems too high and one seems too low...so it probably doesn't matter.
by Ralph Furley
Tue Oct 20, 2020 5:39 am
Forum: Investing - Theory, News & General
Topic: Simplicity on Bond Funds
Replies: 181
Views: 13861

Re: Simplicity on Bond Funds

I already sleep well because we're all going to leave this life one day, so I don't see the point of stressing out over which bond fund to use. I have money in the bank, and an appropriate asset allocation, and an IPS. That is all I can do -- the rest is beyond my control. Whether I use one bond fu...
by Ralph Furley
Mon Oct 19, 2020 9:51 pm
Forum: Personal Investments
Topic: Ok have about 1.7 million and want to buy a new home
Replies: 11
Views: 1497

Re: Ok have about 1.7 million and want to buy a new home

luberhill, just curious, what are your favorite national parks?
by Ralph Furley
Tue Sep 22, 2020 9:17 pm
Forum: Investing - Theory, News & General
Topic: Why use percentage AA with significant assets?
Replies: 134
Views: 8141

Re: Why use percentage AA with significant assets?

I think for some people there is a point (dollar amount) where they feel their fixed income allocation is full regardless of what percentage it is of their portfolio. As opposed to their equity allocation which has no limit. To me if I have enough in my fixed income then anything additional I would...
by Ralph Furley
Sat Sep 12, 2020 10:54 am
Forum: Personal Investments
Topic: To REIT or not to REIT?
Replies: 50
Views: 5385

Re: To REIT or not to REIT?

Thank you all for your thoughts. Sandtrap, I agree - REITs and direct investment in real estate are quite different. A broad REIT index fund is exposed to many different real estate asset classes. Direct investment, typically only one. Here's how things have evolved for me since that original post i...
by Ralph Furley
Fri Sep 11, 2020 10:24 pm
Forum: Investing - Theory, News & General
Topic: What is your age and asset allocation ?
Replies: 296
Views: 20653

Re: What is your age and asset allocation ?

Mid Forties

80 Stocks / 20 Bonds

60% Total Stock
15% Total International
5% REIT Index
20% Total Bond
by Ralph Furley
Sun Aug 30, 2020 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Am I crazy? Cabin advice
Replies: 76
Views: 9322

Re: Am I crazy? Cabin advice

Large jumps in income often create new desires for toys and things. Personally, I would settle into your new income level for sometime. I would build my asset column larger, shrink my liability column. Revisit in a couple of years when the market has likely cooled a bit and you're in a better positi...
by Ralph Furley
Sun Aug 02, 2020 11:00 am
Forum: Personal Consumer Issues
Topic: Speed bump in front of your house — affect on home value
Replies: 54
Views: 4119

Re: Speed bump in front of your house — affect on home value

My only thought is increased noise. Rather than constant sound of 35mph vehicle, you will hear breaking sound, suspension sound, followed by accelerating sound.
by Ralph Furley
Sat Aug 01, 2020 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a House in Sellers Market?
Replies: 17
Views: 2024

Re: Buying a House in Sellers Market?

The number of new homes being built has been underpacing household formation for years. This has created a shortage of single family homes that is even more pronounced in desirable locations. When will this buyer's market show up?
by Ralph Furley
Fri Jul 31, 2020 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: To rent out, or to sell?
Replies: 20
Views: 1418

Re: To rent out, or to sell?

So $405,000 in equity? If you had $405,000 in cash today, would you purchase this property in order to rent it out for $2,500 per month? I believe I know your answer. I suggest that you sell the house. It's a great time to be a seller -- especially in a market like Austin. Rates are low, most proper...
by Ralph Furley
Thu Jul 23, 2020 7:17 pm
Forum: Personal Investments
Topic: Prepaying mortgage to co-owner - IRS reporting?
Replies: 2
Views: 375

Re: Prepaying mortgage to co-owner - IRS reporting?

May I give you and your brother something to consider? Let's say he pays you the balance of his share of the loan. You assume all payments. The property remains encumbered. At some point you are hit by a bus (sorry) and, bad news, you don't make it. The property remains encumbered, and now your brot...
by Ralph Furley
Mon Jul 13, 2020 8:28 pm
Forum: Personal Investments
Topic: hyper inflation hedges
Replies: 54
Views: 2922

Re: hyper inflation hedges

Farmland. If you could find some for sale and you had a lot of money.
by Ralph Furley
Fri Jul 10, 2020 9:40 pm
Forum: Personal Consumer Issues
Topic: Who is your favorite fiction author and what is your favorite book of theirs?
Replies: 205
Views: 13700

Re: Who is your favorite fiction author and what is your favorite book of theirs?

Last night, I just finished reading "Blood Meridian" by Cormac McCarthy. Hands down the best Western I've ever read. One of the best novels I've ever read. Near the top of my list of favorite works of fiction. It's been 25 years, but "On The Road" by Jack Kerouac probably changed...
by Ralph Furley
Thu Jul 09, 2020 5:45 pm
Forum: Personal Investments
Topic: Business Valuation and Retirement
Replies: 31
Views: 1650

Re: Business Valuation and Retirement

I keep the value of my businesses on my personal balance sheet. In my industry, we most commonly see 3 to 4X EBITDA. I've seen enough professional valuation reports, specific to my industry, to make educated guesses of where mine would fall within that range. It is part of my retirement plan. I also...
by Ralph Furley
Wed Jul 08, 2020 6:20 am
Forum: Personal Investments
Topic: n/an/a
Replies: 15
Views: 1030

Re: Vanguard Solo 401k problem -- can't find answers

A third CPA just confirmed for me yesterday what SpiritRider is stating. I'm out of luck for 2019 with no way to contribute to a tax deferred account at all. I still have some time to set up a 401K for my employees, and myself, for 2020.
by Ralph Furley
Mon Jul 06, 2020 8:22 pm
Forum: Personal Investments
Topic: n/an/a
Replies: 15
Views: 1030

Re: Vanguard Solo 401k problem -- can't find answers

A bigger problem is if the business is a service business under the Controlled and Affiliated Service Group rules and you have any ownership interest in such a business that you provide services to. You and that business are in an Affiliated Service Group (ASG). All members of the ASG are considere...
by Ralph Furley
Sun Jul 05, 2020 8:37 am
Forum: Investing - Theory, News & General
Topic: 50% VTSAX (VANGUARD) & 50% Gold (One Gold)
Replies: 53
Views: 4306

Re: 50% VTSAX (VANGUARD) & 50% Gold (One Gold)

Why not try the Permanent Portfolio ? It always gets knocked on Bogleheads for 25% gold but it certainly has a robust track record. Honestly after rethinking I think I want to do 20% gold and 80% VTSAX but I’m thinking gold because I do see the dollar getting hit hard, price of gold raised from 2,0...
by Ralph Furley
Fri Jul 03, 2020 9:41 pm
Forum: Investing - Theory, News & General
Topic: 2 and 3 fund funders - sticking soley with Total Bond?
Replies: 49
Views: 4745

Re: 2 and 3 fund funders - sticking soley with Total Bond?

I use Vanguard Total Bond Index Fund - VBTLX in my SEP IRA for all of my bond allocation. I have read many of the threads lately about how 1. bonds are terrible investments right now and 2. total bond has unnecessary risk compared to treasuries, CDs, coffee cans, mattresses, etc. I've decided to sta...
by Ralph Furley
Fri Jul 03, 2020 9:24 pm
Forum: Personal Consumer Issues
Topic: Risk with a malfunctioned fuel gauge
Replies: 51
Views: 2126

Re: Risk with a malfunctioned fuel gauge

You just brought back memories. When I was 17 I drove a 1970 Ford Bronco. The fuel gauge was broken. Fortunately, the Bronco had two gas tanks - a main tank and an auxiliary tank. I would run the main tank down until the car was about to stall going down the road and then quickly reach down below th...
by Ralph Furley
Sun Jun 28, 2020 9:15 pm
Forum: Personal Consumer Issues
Topic: I'm Buying a Boat...
Replies: 112
Views: 7728

Re: I'm Buying a Boat...

A wise man once told me, "If you have to finance a toy, you can't afford the toy." You can afford this toy. I agree with the others - pay cash, replenish the cash from future earnings while you are enjoying the boat.

Have fun!
by Ralph Furley
Sat Jun 27, 2020 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Erie insurance - experience?
Replies: 16
Views: 1283

Re: Erie insurance - experience?

I've had home, auto, umbrella with Erie for 6 years. I have not made a claim, so I can't answer that part of your question. I've enjoyed the low premiums.
by Ralph Furley
Fri Jun 26, 2020 9:53 pm
Forum: Personal Consumer Issues
Topic: Best watch for $5,000+
Replies: 127
Views: 10581

Re: Best watch for $5,000+

eye.surgeon wrote: Mon Jun 01, 2020 4:53 pm I'd suggest a classic Casio G-Shock 5600 and $4950 in your pocket. And this coming from a guy wearing a submariner that I wish I'd never bought.
I love my G-Shock. And I never seem to wear my nice watch.
by Ralph Furley
Mon Jun 15, 2020 5:43 am
Forum: Personal Finance (Not Investing)
Topic: Asset protection strategies
Replies: 31
Views: 2578

Re: Asset protection strategies

I operate in a world where I am a partner in multiple companies with partners all over the place, some of whom I've never met. I understand your concern, I believe. I sought legal counsel and I was advised to establish a new entity to hold my interest in the partnership for each new partnership I en...
by Ralph Furley
Mon Jun 15, 2020 4:55 am
Forum: Investing - Theory, News & General
Topic: Hertz (bankrupt) may issue new stock
Replies: 80
Views: 7307

Re: Hertz (bankrupt) may issue new stock

Millennials buying on their phones via Robinhood.

And, I do believe the issuance of new stock diluted the existing shareholders. Perhaps one of you know for sure?
by Ralph Furley
Fri Jun 12, 2020 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Paying Off Home Early
Replies: 25
Views: 2895

Re: Paying Off Home Early

Ok - thank you. We have a 12 month emergency fund in cash and we are about to receive a significant sum (for us), and paying off the house will only be a moderate part of that sum, so locking that cash up in the house shouldn't result in any liquidity issues for us. Given that information, my advic...
by Ralph Furley
Fri Jun 05, 2020 10:32 pm
Forum: Personal Investments
Topic: Establishing 401K (SEP, ROTH and Fund Help)
Replies: 4
Views: 229

Re: Establishing 401K (SEP, ROTH and Fund Help)

I know I will be able to contribute $19,500 per year. I believe that in the future, with the addition of the "safe harbor" contribution to my employees, I may be able to contribute through profit above that max limit, to the $57,000 total limit. Actually, you most likely will need a safe ...
by Ralph Furley
Fri Jun 05, 2020 7:01 am
Forum: Personal Investments
Topic: Establishing 401K (SEP, ROTH and Fund Help)
Replies: 4
Views: 229

Establishing 401K (SEP, ROTH and Fund Help)

I am in the process of establishing a new 401K plan for my employees. I will be able to participate in this plan as well. I know I will be able to contribute $19,500 per year. I believe that in the future, with the addition of the "safe harbor" contribution to my employees, I may be able t...
by Ralph Furley
Thu Jun 04, 2020 5:33 am
Forum: Personal Finance (Not Investing)
Topic: Late husband's life insurance from childhood
Replies: 21
Views: 2682

Re: Late husband's life insurance from childhood

I'm sorry for your loss. Like a lot of commenters, my parents purchased two small policies on me when I was a child. These are with Northwestern Mutual. My folks handed the policies over to me when I got out of college. I cashed one in to fund my Roth IRA one year. The other one I still have and con...
by Ralph Furley
Sun May 31, 2020 9:32 pm
Forum: Personal Investments
Topic: Real Estate Investing
Replies: 9
Views: 939

Re: Real Estate Investing

Read “The Millionaire Real Estate Investor” by Gary Keller. Then decide if that’s a second job you really want or not. For me, it’s effectively a 4th job, and I wish it were my main gig. Most people dislike being a landlord, though. So think it over, read books, and go hang out on BiggerPockets.com...
by Ralph Furley
Sun May 31, 2020 8:23 am
Forum: Personal Finance (Not Investing)
Topic: How Will Corona Virus affect the Real Estate Market ?
Replies: 53
Views: 5969

Re: How Will Corona Virus affect the Real Estate Market ?

Many areas had insufficient housing inventory for sale before COVID-19. Fewer sellers are listing their homes. So even though the demand may have been reduced somewhat by fallout (unemployment, pay reductions, etc.), the demand is STILL outpacing inventory. I spoke with an agent today in Raleigh, N...
by Ralph Furley
Sat May 30, 2020 9:02 am
Forum: Personal Investments
Topic: Overpay for the home we love?
Replies: 62
Views: 5087

Re: Overpay for the home we love?

Living life costs money. Living your best life costs more money. If living in this home makes your life better, and the only way you can stay in the home is to purchase it, I would purchase it. You're also getting a benefit of incredibly low fixed mortgage rates right now. If you're staying in town ...
by Ralph Furley
Thu May 28, 2020 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: How Will Corona Virus affect the Real Estate Market ?
Replies: 53
Views: 5969

Re: How Will Corona Virus affect the Real Estate Market ?

Many areas had insufficient housing inventory for sale before COVID-19. Fewer sellers are listing their homes. So even though the demand may have been reduced somewhat by fallout (unemployment, pay reductions, etc.), the demand is STILL outpacing inventory. I spoke with an agent today in Raleigh, No...
by Ralph Furley
Tue May 26, 2020 9:29 pm
Forum: Personal Investments
Topic: Private Investing?
Replies: 12
Views: 1014

Re: Private Investing?

I have ownership in several private companies. Managing three of them is my job. Ownership in these companies is required for me to have this job. They are cashflow businesses and that cashflow is my primary source of income. The other company I own an interest in is one that I have an active influe...
by Ralph Furley
Mon May 25, 2020 7:53 am
Forum: Non-US Investing
Topic: How to invest $1.2M for the next 10-15 years [Switzerland]
Replies: 26
Views: 2669

Re: How to invest $1.2M for the next 10-15 years

I'm a little unclear. You wish to invest $500,000 and double that amount in 10 years? Or, you wish to double $1,200,000 in 10 years, and you only want to put $500,000 at risk?
by Ralph Furley
Mon May 25, 2020 7:24 am
Forum: Personal Consumer Issues
Topic: If Jeep has such poor reliability, how come they are everywhere?
Replies: 174
Views: 14182

Re: If Jeep has such poor reliability, how come they are everywhere?

tvubpwcisla wrote: Sun May 24, 2020 8:10 am I would look at the Toyota 4Runner.
+1
by Ralph Furley
Mon May 25, 2020 7:22 am
Forum: Personal Consumer Issues
Topic: Toyota 4 Runner
Replies: 54
Views: 6766

Re: Toyota 4 Runner

I'm on my second 4Runner. This one is a Trail Premium I bought new in 2017. I've driven both 4Runners across country a couple of times. I LOVE IT! Most of my friends drive luxury cars. They like to play golf. I drive a 4Runner. I like to go mountain biking and hiking, etc. So, this vehicle fits my l...
by Ralph Furley
Sat May 23, 2020 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Employer cut 403b contribution to zero
Replies: 86
Views: 6392

Re: Employer cut 403b contribution to zero

It seems one way we can tell this financial crisis is different than those of the past - tenured professors at major universities are now being impacted. The Univ. of Michigan is projecting a $1,000,000,000 loss. That's Billion with a B. This is happening, as you have stated. For example, https://w...
by Ralph Furley
Sat May 23, 2020 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Employer cut 403b contribution to zero
Replies: 86
Views: 6392

Re: Employer cut 403b contribution to zero

It always seemed like tenured professor was one of the safest jobs one could get. I admit that I didn't see this coming. Tenure only protects you from removal for job performance. Nothing can protect you from the institution going under, and higher education has been increasingly stressed since eve...
by Ralph Furley
Thu May 21, 2020 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Employer cut 403b contribution to zero
Replies: 86
Views: 6392

Re: Employer cut 403b contribution to zero

It seems one way we can tell this financial crisis is different than those of the past - tenured professors at major universities are now being impacted. The Univ. of Michigan is projecting a $1,000,000,000 loss. That's Billion with a B. This is happening, as you have stated. For example, https://w...