Search found 2287 matches

by goodenyou
Fri Aug 07, 2020 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Custom Home Thoughts
Replies: 102
Views: 7072

Re: Custom Home Thoughts

We found a great all-brick 4k sq ft home in our area on 17 acres. It had a beautiful pool and a 4 car garage. It sold for $950K with an asking price of $1.2M. (Something fishy here). But, it was nearly 20 years old and would have taken at least $250K to bring it up to current. This could be the hom...
by goodenyou
Fri Aug 07, 2020 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Custom Home Thoughts
Replies: 102
Views: 7072

Re: Custom Home Thoughts

I am moving out of a 5000++sq ft house that we have been in for 20 years. It is way above average cost for our area. It needs some work as it is 20 years old. We raised 3 kids in it. Pool, expensive landscaping, expensive appliances. The works. I can’t get out of it fast enough. I will be taking a ...
by goodenyou
Fri Aug 07, 2020 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: What percent of net worth should a persons house be?
Replies: 171
Views: 14449

Re: What percent of net worth should a persons house be?

I would like to keep it less than 10%, especially in retirement. Unless you live in a VHCOL area where there is sustained real estate appreciation, I think it is unwise to keep a large percentage of your NW in a home. Currently, we are at 6% and paid off. We are contemplating taking a loss on the s...
by goodenyou
Fri Aug 07, 2020 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: What percent of net worth should a persons house be?
Replies: 171
Views: 14449

Re: What percent of net worth should a persons house be?

I would like to keep it less than 10%, especially in retirement. Unless you live in a VHCOL area where there is sustained real estate appreciation, I think it is unwise to keep a large percentage of your NW in a home. Currently, we are at 6% and paid off. We are contemplating taking a loss on the sa...
by goodenyou
Thu Aug 06, 2020 2:11 pm
Forum: Investing - Theory, News & General
Topic: Anyone else hoarding cash right now?
Replies: 133
Views: 10301

Re: Anyone else hoarding cash right now?

Hoarding an asset that pays me virtually nothing? Why on earth would I do such a thing? I try to keep as little cash as possible on me at all times. Most investors that accumulate cash are not concerned with opportunity cost. They are concerned with preserving as much capital in the short term as p...
by goodenyou
Thu Aug 06, 2020 10:31 am
Forum: Investing - Theory, News & General
Topic: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!
Replies: 273
Views: 12472

Re: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!

Readers may not be familiar with finance terminology. It's helpful to define acronyms. ...but I can see how including SORR analysis could drop that age a bit. SORR - Sequence Of Returns Risk The chance that the market will tank when you need the money the most. (This is an informal definition which...
by goodenyou
Wed Aug 05, 2020 2:59 pm
Forum: Investing - Theory, News & General
Topic: Anyone else hoarding cash right now?
Replies: 133
Views: 10301

Re: Anyone else hoarding cash right now?

My wife and are also fully funding qualified plans and investing in stocks and bond funds per our AA in our plans. This would be the maximum 401(k) with catch-up, Mega Backdoor Roth and Pension and Profit Plans for both of us. This won't be withdrawn for 18 more years. The taxable savings has been i...
by goodenyou
Wed Aug 05, 2020 2:39 pm
Forum: Investing - Theory, News & General
Topic: Anyone else hoarding cash right now?
Replies: 133
Views: 10301

Re: Anyone else hoarding cash right now?

I have accumulated a lot of cash with the plan to buy a house for cash in the next few years after the sale of commercial property a year ago. We are planning to relocate for a job opportunity for my wife and to be closer to the kids. I will be slowing down and working part-time. I am trying to figu...
by goodenyou
Mon Aug 03, 2020 1:21 pm
Forum: Investing - Theory, News & General
Topic: Are Financial Advisors a Complete and Total Waste of Money?
Replies: 153
Views: 8640

Re: Are Financial Advisors a Complete and Total Waste of Money?

I would say this forum is pretty well dedicated to the proposition that hiring financial advisors is a waste of money. I would say this forum is pretty well dedicated to the proposition that hiring anybody to do anything is a waste of money, except sometimes doctors, lawyers, and engineers. Coincid...
by goodenyou
Mon Aug 03, 2020 8:26 am
Forum: Investing - Theory, News & General
Topic: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!
Replies: 273
Views: 12472

Re: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!

livesoft wrote:
Mon Aug 03, 2020 8:17 am
columbia wrote:
Mon Aug 03, 2020 8:11 am
I was hoping this thread was a discussion of the ideas, not the guest. :o
I think your hopes have been dashed.
A sign of the times.
by goodenyou
Mon Aug 03, 2020 8:24 am
Forum: Investing - Theory, News & General
Topic: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!
Replies: 273
Views: 12472

Re: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!

The idea that thinking of buffered assets such as cash value of whole life insurance or home equity that lie dormant as an alternative asset class as heresy is very close-minded. Pfau at least provokes one to think outside the stock and bond box during a very interesting time of unprecedented low bo...
by goodenyou
Sun Aug 02, 2020 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Custom Home Thoughts
Replies: 102
Views: 7072

Re: Custom Home Thoughts

We found a great all-brick 4k sq ft home in our area on 17 acres. It had a beautiful pool and a 4 car garage. It sold for $950K with an asking price of $1.2M. (Something fishy here). But, it was nearly 20 years old and would have taken at least $250K to bring it up to current. This could be the hom...
by goodenyou
Sun Aug 02, 2020 1:27 pm
Forum: Investing - Theory, News & General
Topic: Diversification Regret Index
Replies: 190
Views: 24023

Re: Diversification Regret Index

Investors often exhibit a tendency to evaluate the performance of their portfolio over very short horizons (e.g. days, weeks, months, years) even when their actual investment time horizon is quite long (e.g. multiple years, decades). Behavioral economists call this myopic loss aversion and it's lik...
by goodenyou
Sun Aug 02, 2020 1:24 pm
Forum: Investing - Theory, News & General
Topic: Are Financial Advisors a Complete and Total Waste of Money?
Replies: 153
Views: 8640

Re: Are Financial Advisors a Complete and Total Waste of Money?

Toons wrote:
Sun Aug 02, 2020 12:23 pm
No
They Are NOT a waste of money
:mrgreen:
Betteridge's Law of Headlines?
by goodenyou
Sun Aug 02, 2020 12:48 pm
Forum: Investing - Theory, News & General
Topic: Are Financial Advisors a Complete and Total Waste of Money?
Replies: 153
Views: 8640

Re: Are Financial Advisors a Complete and Total Waste of Money?

yes and he's also said repeatedly we don't expect people to do their own brain surgery or fly their own airplanes but we expect them to manage their own life savings, which he has said is harder than the first two. Managing your life savings is approximately as difficult as crawling. Crawling is ea...
by goodenyou
Sun Aug 02, 2020 10:52 am
Forum: Investing - Theory, News & General
Topic: Are Financial Advisors a Complete and Total Waste of Money?
Replies: 153
Views: 8640

Re: Are Financial Advisors a Complete and Total Waste of Money?

There are many people who can and do save, but left to their own devices, would make appallingly bad choices on investing. They are busy with work and family issues, they are creative but not analytical, they are impulsive or impatient, or many other reasons. Those people will do better with adviso...
by goodenyou
Sat Aug 01, 2020 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Custom Home Thoughts
Replies: 102
Views: 7072

Re: Custom Home Thoughts

I am moving out of a 5000++sq ft house that we have been in for 20 years. It is way above average cost for our area. It needs some work as it is 20 years old. We raised 3 kids in it. Pool, expensive landscaping, expensive appliances. The works. I can’t get out of it fast enough. I will be taking a $...
by goodenyou
Sat Aug 01, 2020 5:50 pm
Forum: Investing - Theory, News & General
Topic: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!
Replies: 273
Views: 12472

Re: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!

Reading the back and forth on this Podcast reminds me of a conversation I had with my parents a while ago about their investing goals. I told them their decisions were “leaving money on the table”. They said they didn’t care because they have set their goals and can reach their goals with their plan...
by goodenyou
Sat Aug 01, 2020 8:33 am
Forum: Investing - Theory, News & General
Topic: Diversification Regret Index
Replies: 190
Views: 24023

Re: Diversification Regret Index

I've updated the chart in the OP to reflect returns through 7/31. https://i.imgur.com/0dIBXlj.png As a reminder, the index measures the "regret" a globally and factor diversified investor would feel by comparing their portfolio returns to the S&P 500. For many, probably most, investors "staying the...
by goodenyou
Sat Aug 01, 2020 4:12 am
Forum: Investing - Theory, News & General
Topic: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!
Replies: 273
Views: 12472

Re: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!

In my opinion, Dr. Pfau's approach is theoretically sound, but as I pointed out in the interview, there are practical matters that make doing some of these strategies difficult. FWIW my problem is exactly that his approach isn't theoretically sound. Taking care of your needs first and liability mat...
by goodenyou
Thu Jul 30, 2020 5:34 pm
Forum: Personal Investments
Topic: What to do with cash
Replies: 28
Views: 3410

Re: What to do with cash

I understand I can't time the market but I'd rather be bit cautious and put cash in a savings account or something that doesn't fluctuate with the market so much until I feel comfortable putting it into my index funds.We put money into our Vanguard accounts right before Covid hit and the market tan...
by goodenyou
Thu Jul 30, 2020 5:31 pm
Forum: Personal Investments
Topic: What to do with cash
Replies: 28
Views: 3410

Re: What to do with cash

You are searching for the proverbial free lunch in investing. It doesn't exist. Risk free rates are not going to excite you. They don't excite anyone. As others have stated, pick an asset allocation that can withstand your storm and be done with it. That's the mantra around here.
by goodenyou
Thu Jul 30, 2020 9:11 am
Forum: Personal Investments
Topic: High net worth, volatility phobic investor seeking help
Replies: 84
Views: 5761

Re: High net worth, volatility phobic investor seeking help

If she purchased individual Treasury Bonds and TIPS would it ease her anxiety because she wouldn't see the value fluctuations that she sees in the mutual funds? Is the real reason for holding almost all cash tax avoidance? Yes, individual TIPS might be a better way to go, though, speaking as someon...
by goodenyou
Wed Jul 29, 2020 12:55 pm
Forum: Personal Investments
Topic: Poor service at Vanguard making me re-think my decision
Replies: 96
Views: 7998

Re: Poor service at Vanguard making me re-think my decision

I have Vanguard, Fidelity and Schwab. I like them all for different reasons. Schwab would fit the bill for what you are looking for. Their customer service is excellent. But, then again, I have had no problems with Vanguard.
by goodenyou
Wed Jul 29, 2020 9:49 am
Forum: Investing - Theory, News & General
Topic: Permanent Portfolio in a low interest environment
Replies: 32
Views: 4200

Re: Permanent Portfolio in a low interest environment

AFAIK, Harry Browne intended for cash at hand to be included in the PP, in this sense the purest form of the portfolio is 33% each stocks, long bonds, gold. It's a very formidable portfolio because every base is covered; the typical "two fund portfolio" lacks 'hard' assets, which is a place money c...
by goodenyou
Wed Jul 29, 2020 9:20 am
Forum: Personal Investments
Topic: Are Higher Stock Allocations the Only Option for Retirees?
Replies: 94
Views: 6620

Re: Are Higher Stock Allocations the Only Option for Retirees?

Yes, Otar in his book looks at that and suggests the SPIA might be an idea for people just on the edge of being able to spend what they want. However, at low interest rates an SPIA is expensive. When bonds don't look good neither does an SPIA. The fixed SPIA is at risk to inflation, but it is proba...
by goodenyou
Wed Jul 29, 2020 8:56 am
Forum: Personal Investments
Topic: Are Higher Stock Allocations the Only Option for Retirees?
Replies: 94
Views: 6620

Re: Are Higher Stock Allocations the Only Option for Retirees?

I’d like to see the data using nominal yields for investment grade corporates now vs. various time periods in the past. Do you have a source for that? I don't see how that will help you understand expected real returns going forward. But there is a data series at FRED for long-term Baa corporate bo...
by goodenyou
Wed Jul 29, 2020 8:51 am
Forum: Investing - Theory, News & General
Topic: Permanent Portfolio in a low interest environment
Replies: 32
Views: 4200

Re: Permanent Portfolio in a low interest environment

AFAIK, Harry Browne intended for cash at hand to be included in the PP, in this sense the purest form of the portfolio is 33% each stocks, long bonds, gold. It's a very formidable portfolio because every base is covered; the typical "two fund portfolio" lacks 'hard' assets, which is a place money c...
by goodenyou
Tue Jul 28, 2020 1:58 pm
Forum: Investing - Theory, News & General
Topic: "Beware the Hype on Gold"
Replies: 170
Views: 12253

Re: "Beware the Hype on Gold"

Here’s the best way to hedge the weakening U.S. dollar and buying gold isn’t the move

https://finance.yahoo.com/m/89db6e5c-d7 ... hedge.html

International is finally going to have it's day in the sun after many years?
by goodenyou
Sat Jul 25, 2020 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: Pros and cons of buying a big house
Replies: 60
Views: 5064

Re: Pros and cons of buying a big house

I had a lot more energy to do things around the house when we built our large home 20 years ago. The last thing I want to do as I approach 60 is home maintenance. I have better things to do than go to Home Depot or Lowe’s. I don’t enjoy it like I did in my 30s.
by goodenyou
Fri Jul 24, 2020 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Pros and cons of buying a big house
Replies: 60
Views: 5064

Re: Pros and cons of buying a big house

We plan to move out of a 5400 sq ft house that we have been living in for 20 years. It is costly to live in a house with multiple air conditioners, expensive appliances, pool, large yard with landscaping etc.. It's a pain to maintain. Every time I turn around there are pool costs, yard cost, tree tr...
by goodenyou
Thu Jul 23, 2020 8:28 am
Forum: Personal Finance (Not Investing)
Topic: How much to contribute to newborn 529 plan?
Replies: 27
Views: 1646

Re: How much to contribute to newborn 529 plan?

How much you put in your child's 529 depends on many things. First, how much you can afford at the expense of other priorities. Second, how much you want to pay for college for your child. Third, where your kid(s) go to school. Fourth, how many kids you will have. Fifth, the likelihood that you will...
by goodenyou
Mon Jul 20, 2020 9:45 am
Forum: Personal Investments
Topic: AZN(AstraZeneca plc) Stock, asking for a friend
Replies: 20
Views: 1360

Re: AZN(AstraZeneca plc) Stock, asking for a friend

This is a classic example of why you can't chase the news. The results of the AZN vaccine trial were positive but the stock is down 2% today. Very positive news was already priced in over the last few days. You are correct. Don’t chase news. Buy good companies that have exceptional pipelines and ha...
by goodenyou
Mon Jul 20, 2020 8:00 am
Forum: Personal Investments
Topic: AZN(AstraZeneca plc) Stock, asking for a friend
Replies: 20
Views: 1360

Re: AZN(AstraZeneca plc) Stock, asking for a friend

Good choice on a stock and good timing. I made this recommendation on AZN and another BH bought 36 shares yesterday. The shares are unlikely to drop significantly over the weekend or open Monday significantly lower. But, you never know. Russia is buying the AZN/Oxford vaccine. I am a big fan of AZN...
by goodenyou
Fri Jul 17, 2020 7:56 pm
Forum: Personal Investments
Topic: AZN(AstraZeneca plc) Stock, asking for a friend
Replies: 20
Views: 1360

Re: AZN(AstraZeneca plc) Stock, asking for a friend

JonnyDVM wrote:
Fri Jul 17, 2020 7:28 pm
goodenyou wrote:
Fri Jul 17, 2020 5:59 pm
Good choice on a stock and good timing. I made this recommendation on AZN and another BH bought 36 shares yesterday.
61 shares now buddy. And if someone distracts me during my next purchase, I could easily own thousands.
You da man! :beer
by goodenyou
Fri Jul 17, 2020 5:59 pm
Forum: Personal Investments
Topic: AZN(AstraZeneca plc) Stock, asking for a friend
Replies: 20
Views: 1360

Re: AZN(AstraZeneca plc) Stock, asking for a friend

Good choice on a stock and good timing. I made this recommendation on AZN and another BH bought 36 shares yesterday. I am not in the habit of pumping up stocks. Never have before. The shares are unlikely to drop significantly over the weekend or open Monday significantly lower. But, you never know. ...
by goodenyou
Fri Jul 17, 2020 5:51 pm
Forum: Personal Investments
Topic: Which 529 plan did you choose and why? [Help select a 529 plan]
Replies: 28
Views: 850

Re: Which 529 plan did you choose and why? [Help select a 529 plan]

Utah 18 years ago. It was considered the best plan back then, but many Plans have improved. I think NY, Utah and Nevada are rated up there today. I am spending FROM Utah 529 and an enormous clip right now. It has been relatively easy to transfer funds, but there are some issues with timing the payme...
by goodenyou
Fri Jul 17, 2020 4:30 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: 4496

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

If you want feedback from others who have experience, I will give you my advice. I was a 30 something 20 years ago. I was making more than you, but I was just married and had two small children. We lived frugally for a few years in a house that was close to the cost of a few cars I have owned since....
by goodenyou
Fri Jul 17, 2020 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA question (It's FAFSA season again!)
Replies: 47
Views: 2988

Re: FAFSA question (It's FAFSA season again!)

I'm not quite sure I get the angst about FAFSA. CSS Profile is a lot uglier. cshell2, Call me paranoid. But, I am not willing to give out my financial information unless it is absolutely necessary and it is beneficial to me. As per my experience, FAFSA is not needed. It does not help in getting any...
by goodenyou
Fri Jul 17, 2020 11:08 am
Forum: Personal Consumer Issues
Topic: How do you buy time with money?
Replies: 47
Views: 3857

Re: How do you buy time with money?

Healthy food (more costly) Lawn, pool and home (including laundry) More paid maintenance jobs More time off to see loved ones since I have more money Retire early. My dad died when I was 10 years old. He was 35 years old and died suddenly from a rare disease. I have outlived him by almost 20 years a...
by goodenyou
Thu Jul 16, 2020 11:28 am
Forum: Personal Investments
Topic: MODERNA
Replies: 40
Views: 4097

Re: MODERNA

Buy AZN if you want a vaccine play. My opinion only. Same problem as Moderna. Lots of big players are a quarter behind, max. How long is their money making window going to be? My money is on AZN. We shall see. Rooting for all of them, but I hope AZN pulls it off. I’m a man of my word. Just grabbed ...
by goodenyou
Wed Jul 15, 2020 8:48 pm
Forum: Personal Investments
Topic: MODERNA
Replies: 40
Views: 4097

Re: MODERNA

UpsetRaptor wrote:
Wed Jul 15, 2020 8:19 pm
goodenyou wrote:
Wed Jul 15, 2020 5:24 pm
Buy AZN if you want a vaccine play. My opinion only.
Same problem as Moderna. Lots of big players are a quarter behind, max. How long is their money making window going to be?
My money is on AZN. We shall see. Rooting for all of them, but I hope AZN pulls it off.
by goodenyou
Wed Jul 15, 2020 6:51 pm
Forum: Personal Investments
Topic: Mega Backdoor Roth
Replies: 9
Views: 488

Re: Mega Backdoor Roth

I would contribute the maximum to a traditional 401(k), get the maximum match from the employer, and whatever is leftover [$57k- (employee contribution + match)] contribute as a spill-over after-tax contribution. Then, I would convert the spillover amount to a Roth 401(k). I like this strategy. The...
by goodenyou
Wed Jul 15, 2020 6:03 pm
Forum: Personal Investments
Topic: Mega Backdoor Roth
Replies: 9
Views: 488

Re: Mega Backdoor Roth

I would contribute the maximum to a traditional 401(k), get the maximum match from the employer, and whatever is leftover [$57k- (employee contribution + match)] contribute as a spill-over after-tax contribution. Then, I would convert the spillover amount to a Roth 401(k).
by goodenyou
Wed Jul 15, 2020 5:24 pm
Forum: Personal Investments
Topic: MODERNA
Replies: 40
Views: 4097

Re: MODERNA

Buy AZN if you want a vaccine play. My opinion only.
by goodenyou
Wed Jul 15, 2020 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Liability for Golf Ball Through Windshield
Replies: 93
Views: 5800

Re: Liability for Golf Ball Through Windshield

You are an honest citizen. We need more people like you. I am glad this thread hasn't devolved into an umbrella coverage discussion :oops:
by goodenyou
Mon Jul 13, 2020 11:58 am
Forum: Investing - Theory, News & General
Topic: Why is the stock market up? [thread multi-merge]
Replies: 521
Views: 21263

Re: How is this possible -- stock market continues to soar.

I will take a stab at as an economics novice. The pandemic caused a sudden financial shock to an otherwise very very healthy and vibrant economy of low unemployment and corporate profitability. The response to the virus was to inject liquidity in the form of increasing the M1 money supply to increas...
by goodenyou
Mon Jul 13, 2020 11:31 am
Forum: Investing - Theory, News & General
Topic: Why is the stock market up? [thread multi-merge]
Replies: 521
Views: 21263

Re: How is this possible -- stock market continues to soar.

After 13 years on this forum and 32,000+ posts, you are flummoxed by the behavior of the stock market? You are making me re-think the "this time it's different" mantra.
by goodenyou
Mon Jul 13, 2020 10:02 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: "How ESG Makes Companies Better" (but lowers expected returns)
Replies: 67
Views: 3172

Re: Larry Swedroe: "How ESG Makes Companies Better" (but lowers expected returns)

None of this matters. ESG empowers us to sit at the cool kids table. It doesn't matter that definitions are fuzzy, actions inside some of these companies are inconsistent with logic or experience, or that too many cede line decisions to the staff. The main benefit: you get to tell yourself you're o...
by goodenyou
Mon Jul 13, 2020 9:42 am
Forum: Personal Investments
Topic: Does third party paying tuition directly affect 529 qualified distributions
Replies: 35
Views: 1804

Re: Does third party paying tuition directly affect 529 qualified distributions

Just because something offends your sensibilities does not mean it isn't entirely legitimate. The above reply with a copy of my post of the relevant 529 subsection clarifies this. I’m not offended, merely pointing out that the IRS does not permit so-called “double dipping” which appears to be the i...