Search found 2177 matches

by MossySF
Tue Oct 17, 2017 7:35 pm
Forum: Investing - Help with Personal Investments
Topic: Why would anyone buy long term bonds Now?
Replies: 33
Views: 2792

Re: Why would anyone buy long term bonds?

I held EDV Vanguard Extended Duration Treasury ETF (30-year) for quite a while and I used it as an aggressive rebalancing asset class against stocks & commodities. It was extremely volatile (+62% in 2011) and for my purposes -- non-stop rebalancing in retirement accounts w/ free trades -- it was a s...
by MossySF
Tue Oct 10, 2017 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: [Boglehead vs Mr Money Mustache philosophies]
Replies: 203
Views: 13667

Re: [Boglehead vs Mr Money Mustache philosophies]

You can get health insurance cheap -- if you're willing to live with super-targetted HMO plans where you must go to these X clinics/medical centers at all times. A bunch of our friends use these cheap plans and don't pay much. Intellectually, I know this planet cannot support everybody on it living ...
by MossySF
Mon Oct 09, 2017 7:35 am
Forum: Investing - Theory, News & General
Topic: business owner, what is your income from business and how did you get into successfully business, what's your networth?
Replies: 17
Views: 2323

Re: business owner, what is your income from business and how did you get into successfully business, what's your networ

Nice to see this. There are 3 main roads to wealth. Business ownership, real estate, and passive investing. Too many people reading these boards think the 3rd way is all that exists. Nobody here believes you can use passive investments to become "wealthy". Even the millions thrown around as project...
by MossySF
Sun Oct 08, 2017 8:59 am
Forum: Personal Consumer Issues
Topic: Simple Notebook/laptop
Replies: 58
Views: 3036

Re: Simple Notebook/laptop

I don't know, she lives overseas and I'm in the USA. All I know is that the new computer didn't work :? This could be a problem depending on the country. There are several countries around the world that block Google -- China for example. A Chromebook is impossible to use in Mainland China without ...
by MossySF
Sat Sep 30, 2017 6:21 am
Forum: Personal Finance (Not Investing)
Topic: Question: Why do people put/keep millions of dollars in investment accounts?
Replies: 66
Views: 8230

Re: Question: Why do people put/keep millions of dollars in investment accounts?

I run a business in order to earn money to put into my investment accounts. And owning a business is like having 3 full-time jobs. If you want to be an absentee owner, uhh ... that's what stocks are for. What? You mean find some mom-n-pop small company looking for small-time investors? You might as ...
by MossySF
Thu Sep 28, 2017 1:09 am
Forum: Investing - Help with Personal Investments
Topic: I'm shocked! [Mother 100% in bonds and annuities]
Replies: 67
Views: 6367

Re: I'm shocked! [Mother 100% in bonds and annuities]

Annuities are mostly a bad word here but if it's a fixed annuity, it's mostly like a CD except for the following distinctions: 1) no FDIC insurance 2) penalties for cashing out if under 59 1/2 For an 87 retired person, #2 won't matter much. #1 could be an issue for large amounts but as long you as s...
by MossySF
Thu Sep 21, 2017 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: The Magic of Savings Rate
Replies: 97
Views: 10846

Re: The Magic of Savings Rate

Let''s not argue about details you don't have much control over (taxes). In a developed country, you will be taxed. Why even bother considering that part of your income when you never even see it in your bank account?
by MossySF
Tue Sep 19, 2017 12:35 am
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 25292

Re: Calling out the not so rich bogleheads

OMG, if I posted my situation at 35, the forum moderators would tell me to remove it as it would be way too personal information for them to feel comfortable hosting. So to have $100K at 35 or so and on the upwards trajectory, be happy -- this is not a competition. No matter how much you have, how t...
by MossySF
Mon Sep 04, 2017 8:28 pm
Forum: Investing - Theory, News & General
Topic: China drops the Hammer on Cryptocurrencies
Replies: 23
Views: 3034

Re: China drops the Hammer on Cryptocurrencies

hilink73 wrote:
Mon Sep 04, 2017 12:32 pm
Next buy opportunity coming in.
China is not the world...
China is the primary driver of cryptocurrency because it is one of the few ways Chinese nationals can invest outside of their country.
by MossySF
Wed Jul 19, 2017 9:47 pm
Forum: Personal Consumer Issues
Topic: Would you let your teenager spend all his savings on a gaming computer?
Replies: 123
Views: 7249

Re: Would you let your teenager spend all his savings on a gaming computer?

I spent my youth building computers (PC days), soldering parts (pre-PC days where you had to make your own components), playing computer games, hacking computer games, communicating with others online (modem BBSes pre-Internet), writing computer programs, etc. After getting into computers, I stopped...
by MossySF
Sun Jul 16, 2017 8:23 am
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 119
Views: 10831

Re: Vanguard 403b Changes

Reality is this stuff (401k/403b admin/record-keeping) does cost money. Most of the time, you just don't know the costs being covered by the employer. (For our 401K, it's about $100 per employee.) The 403b structure itself seems a wacky in that record-keeping is separated out amongst the different f...
by MossySF
Sat Jul 15, 2017 11:37 pm
Forum: Personal Consumer Issues
Topic: Urgent 1st world problem [coffeemaker]
Replies: 48
Views: 3608

Re: Urgent 1st world problem [coffeemaker]

I use an expresso maker also. Making a huge pot of coffee seems a waste when I only need 1 or 2 cups per day. Instead, I use enough coffee grounds for 1 shot and just keep running water through until I have enough for a cup. Even diluted like this, the taste has way more flavor than making a drip pot.
by MossySF
Wed Jul 12, 2017 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Foreign earned income exclusion for Corporations?
Replies: 4
Views: 226

Re: Foreign earned income exclusion for Corporations?

Regardless of how you are paid, you already can take the FEIE if you are outside of the U.S. ~330 days out of the year. Unless you make WAY over the ~100K FEIE deduction, it's unlikely going the foreign corporation route would be helpful. If you went the foreign corporation route, you'd have to get ...
by MossySF
Fri Jul 07, 2017 9:00 pm
Forum: Investing - Theory, News & General
Topic: Weak Evidence for International in Vanguard Research - Am I Missing Something?
Replies: 77
Views: 6608

Re: Weak Evidence for International in Vanguard Research - Am I Missing Something?

Here's my pet theory: People making their own specific AA decisions can direct as much money to U.S. as possible. But for Vanguard and the entire mutual fund industry as a whole, they absolutely must set a major allocation to international for any of their blended funds (target retirement, balanced,...
by MossySF
Fri Jul 07, 2017 12:42 am
Forum: Personal Finance (Not Investing)
Topic: Seeking advice on 1.2m (now 900K) house purchase
Replies: 188
Views: 12646

Re: Seeking advice on 1.2m house purchase

OP; something doesn't add up. I took a Google Map trip and didn't like what I saw. Some questionable areas had outrageous housing prices. How can an area have above average hosing cost and below average income? 94103 ZIP Code Median Home Value $628,000 Median Household Income $43,364 94103 is where...
by MossySF
Sat Jul 01, 2017 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Should I move abroad to minimize health care costs?
Replies: 80
Views: 6827

Re: Should I move abroad to minimize health care costs?

What type of visa would that be on? The countries that Americans would most seriously consider moving to aren't going to let someone move there with no job and immediately use healthcare services. You'd have to get an investment visa which could well require more money than you have, in addition to...
by MossySF
Sat Jul 01, 2017 2:11 am
Forum: Personal Finance (Not Investing)
Topic: Should I move abroad to minimize health care costs?
Replies: 80
Views: 6827

Re: Should I move abroad to minimize health care costs?

Those who work for an employer that covers your health care without you needing to know the details, the U.S. is a great place for healthcare. For independents (or business owners), ouch!!! Our 15 person company pays $34,000/mo in healthcare premiums -- $3400/mo for our oldest participant. I then ch...
by MossySF
Wed May 17, 2017 11:26 pm
Forum: Investing - Theory, News & General
Topic: International: Where's the benefit?
Replies: 63
Views: 5747

Re: International: Where's the benefit?

Open up Portfolio Visualizer and enter this instead: -- 100% Apple Then you can ask the question what's the benefit of adding the U.S. stock market when Apple outperformed by 100000000000%. The same answer that worked for your initial scenario works exactly for this scenario also. Whenever you diver...
by MossySF
Wed May 17, 2017 7:22 am
Forum: Investing - Theory, News & General
Topic: American Funds beat out Vanguard Index over lifetime?
Replies: 63
Views: 8292

Re: American Funds beat out Vanguard Index over lifetime?

If you don't use past performance to make guesses about the future, what else? Crystal balls? Casting runes? Newsletters from people who make their money from talking and writing about it? Use past performance as a general guideline based on probability principles. Say you are betting on a coin fli...
by MossySF
Mon May 15, 2017 12:34 am
Forum: Investing - Theory, News & General
Topic: American Funds beat out Vanguard Index over lifetime?
Replies: 63
Views: 8292

Re: American Funds beat out Vanguard Index over lifetime?

Here's a better question ... SO WHAT if one company beat another company in the past by these minor numbers? Let's say you held 100% of assets in retirement accounts and your AF stock funds were 0.5% better than indexes. OK, that might mean an extra $50K which at 4% SWR is $166/mo. But wait, you pro...
by MossySF
Sat May 13, 2017 10:37 pm
Forum: Investing - Help with Personal Investments
Topic: Why would anyone buy a condo (from an investment standpoint)
Replies: 43
Views: 7381

Re: Why would anyone buy a condo (from an investment standpoint)

For a condo, HOA definitely goes up. My HOA is now +45% higher than 8 years ago when I bought. Property tax is has also gone up but more slowly due to CA Prop 13. Most other states, it goes up with property values. I bought at the nadir of the housing bust and I've finally turned an overall profit a...
by MossySF
Sat May 13, 2017 12:02 am
Forum: Personal Finance (Not Investing)
Topic: My plan to use policy loans to fund first five years of retirement
Replies: 61
Views: 4349

Re: My plan to use policy loans to fund first five years of retirement

Talk about past expenses paid are under-the-bridge. Not sure if taking loans out is the best plan to be honest. If your goal is to leave money for heirs and your policy is death benefit + cash value, I'd draw down on other retirement assets first. My opinion here is primarily driven by the loan inte...
by MossySF
Wed May 10, 2017 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: Why not Vanguard(other MF houses) have 'Fee-only-advisors' ??
Replies: 5
Views: 868

Re: Why not Vanguard(other MF houses) have 'Fee-only-advisors' ??

If you think through the logic, a fee-only advisor should be independent from a mutual fund company. You give them your info, they do a one-time analysis and then send you on your way to either follow or not follow. If they were employed by a MF company, what choice could they have but to recommend ...
by MossySF
Wed May 10, 2017 12:02 am
Forum: Personal Consumer Issues
Topic: Expat Retirement Location with Health Care Eligibility
Replies: 30
Views: 3337

Re: Expat Retirement Location with Health Care Eligibility

I was in Malaysia earlier this year -- cost of living in Georgetown is cheap -- $1.50 on average for dinner at a hawker stall. Kuala Lumpur is more modern and double the price of Georgetown. You can get away with mostly English in the major cities in Malaysia. English is often used as the secondary ...
by MossySF
Mon May 01, 2017 10:31 pm
Forum: Investing - Help with Personal Investments
Topic: What should I do with existing VUL?
Replies: 15
Views: 1696

Re: What should I do with existing VUL?

If you lost money, there's no need to do an exchange since you only would owe taxes on profits.
by MossySF
Fri Apr 28, 2017 10:04 am
Forum: Investing - Help with Personal Investments
Topic: Stay Out Of REITs?
Replies: 35
Views: 4960

Re: Stay Out Of REITs?

Depends on what strategy you use: 1) Simplicity -- yep, stay out -- pick whatever the TSM give you. 2) Splice and dice but fixed percentages where you have good auto-rebalancing tools -- keep with whatever percentage you previously had 3) You don't have anything now, you want to get into REITS and y...
by MossySF
Thu Apr 27, 2017 6:15 am
Forum: Investing - Theory, News & General
Topic: "I don't want to wait till I'm 59.5
Replies: 28
Views: 4735

Re: "I don't want to wait till I'm 59.5

This is one argument I have heard against maxing retirement accounts. Can someone please point me to some literature that I am sure will convince me that maxing retirement accounts first, etc. etc. is best, and that addresses the downside of locking away funds for so long and associated risks? This...
by MossySF
Wed Apr 26, 2017 8:48 pm
Forum: Personal Consumer Issues
Topic: Porsche Lease
Replies: 56
Views: 4988

Re: Porsche Lease

Back in my days when I got a similar fun car to drive, I first looked for a local car club for that model. And when I couldn't find one, I started one. We met once a month usually doing twisty mountain/coastal road drives. Every other month, I'd spend a weekend scouting roads when it was my turn to ...
by MossySF
Wed Apr 26, 2017 4:53 am
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 170
Views: 22126

Re: Any regrets living a frugal life for high income/high networth individuals?

Unless you are in the top 10 most wealthy in the world (e.g. Bill Gates), you have to prioritize. Even multi-millionaires have to prioritize whether to get a personal jet or a European vacation villa. Mega movie stars/sports starts/singers/lotto winners go bankrupt all the time because they couldn't...
by MossySF
Tue Apr 25, 2017 2:58 am
Forum: Personal Consumer Issues
Topic: New job and offer - recruiter sent a wrong $$
Replies: 43
Views: 5518

Re: New job and offer - recruiter sent a wrong $$

Changing jobs is like free agency in sports -- it's your opportunity to get a salary bump. If you waste your opportunity switching for the same salary, that'll just put your career 3-5 years further behind (the next move after this).
by MossySF
Tue Apr 25, 2017 2:20 am
Forum: Investing - Help with Personal Investments
Topic: Why is Real-Estate so Bad?
Replies: 113
Views: 10484

Re: Why is Real-Estate so Bad?

It's easy to fudge numbers to make RE returns seem better than they are. And we do it because that's just human psychology -- affirmation bias, loss avoidance, etc. You don't have the price of your RE holdings going up and down on a computer screen in realtime. So if there is a temporary drop, it's ...
by MossySF
Tue Apr 18, 2017 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: Why invest in International Index Fund?
Replies: 39
Views: 4634

Re: Why invest in International Index Fund?

20 years seems like a long time but if you eyeball historic charts, it feels like each cycle of performance/underperformance lasts about 7 years. Hence, 20 years is just enough to have a 2 GOOD/1 BAD or 2 BAD/1 GOOD in some sequence. Yeah, it sucks that you do have to wait 40 years to see a trend be...
by MossySF
Mon Apr 17, 2017 8:46 am
Forum: Investing - Help with Personal Investments
Topic: Why invest in International Index Fund?
Replies: 39
Views: 4634

Re: Why invest in International Index Fund?

If you look at the math directly, adding more diversification means you never will have the top performing portfolio for any period. Doesn't matter if it's 1 year, 5 years or 50 years. You will always lag the top portfolio that owned a single asset class (or a single stock) that performed best for t...
by MossySF
Mon Apr 17, 2017 12:38 am
Forum: Investing - Help with Personal Investments
Topic: I got a FACTA-related form from my home country?
Replies: 24
Views: 1363

Re: I got a FACTA-related form from my home country?

How? Most banks seem to charge a lot to do a wire transfer, and sending a check is usually very time consuming (typically takes a month to clear after it has been deposited) and there's a commission. Wells Fargo has a free transfer option if you are at PMA Plus status (250K balance). Otherwise, it'...
by MossySF
Thu Apr 06, 2017 7:15 am
Forum: Personal Finance (Not Investing)
Topic: Variable Universal Life - how long to stay?
Replies: 24
Views: 2874

Re: Variable Universal Life - how long to stay?

You should read through the prospectus yourself. The prospectus states the commission amount except they usually call it something like unit charge per dollar coverage. VULs *can* be decent if: (1) you already max out every possible retirement vehicle and have a hefty taxable account already ... (2)...
by MossySF
Mon Apr 03, 2017 9:22 am
Forum: Personal Consumer Issues
Topic: China Trip - Visa Expediter?
Replies: 26
Views: 1819

Re: China Trip - Visa Expediter?

I went and got my visa at the consulate myself. Took two visits, one to drop off my passport with the forms (15 mins total) and another 4 business days later to pick up my passport with the visa (5 mins total). Depends on which consulate. If you go to the one in San Francisco, it's 3-5 hours to sub...
by MossySF
Sun Apr 02, 2017 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Saving 50% of salary; what does it really mean?
Replies: 142
Views: 12191

Re: Saving 50% of salary; what does it really mean?

They mean after tax. That seems like it should have been the obvious answer to you. Actually, you would be wrong assuming that "should have been the obvious answer". I interpret that as 50% of gross income. Why shouldn't I look at it that way, when a potentially large chunk of your salary...
by MossySF
Fri Mar 31, 2017 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Saving 50% of salary; what does it really mean?
Replies: 142
Views: 12191

Re: Saving 50% of salary; what does it really mean?

And because they don't own a home, they don't pay real estate taxes and they don't get subjected to AMT. Have a kid and you'll find you may have part of your exemption taken away courtesy of Pease. I have the solution, let's all move to a no income tax state or don't buy a home, open a business so ...
by MossySF
Fri Mar 31, 2017 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Saving 50% of salary; what does it really mean?
Replies: 142
Views: 12191

Re: Saving 50% of salary; what does it really mean?

I ran some numbers on taxformcalculator.com with dual income professional couple over 55 and assumed their combined salary $300K. Even without including the real estate taxes or health insurance premium, 44% of the money is taken straight off the top! These numbers are too high. Using Taxcaster, I ...
by MossySF
Wed Mar 22, 2017 2:29 am
Forum: Personal Consumer Issues
Topic: Short visit to Hong Kong - "must do/see"?
Replies: 16
Views: 1512

Re: Short visit to Hong Kong - "must do/see"?

youdiditr2 wrote:I actually liked Hong Kong Disneyland. Don't shoot me!


The lines for HK Disneyland are way shorter than in other Disneylands around the world. There were a bunch of rides where we got off and immediately ran back in and got back on.
by MossySF
Wed Mar 22, 2017 12:29 am
Forum: Investing - Theory, News & General
Topic: Why buying the falling funds don’t work?
Replies: 7
Views: 1205

Re: Why buying the falling funds don’t work?

My own opinion ... I've tried various techniques across different accounts and it's better to let it ride for a while before you "rebalance". Momentum is a studied factor so if you switch out too soon, you may buy shares cheap but you lose out on a lot of the bubblicious gains. What the ri...
by MossySF
Wed Mar 22, 2017 12:06 am
Forum: Personal Consumer Issues
Topic: Anybody using the TERMINAL over the GUI in ubuntu?
Replies: 45
Views: 3114

Re: Anybody using the TERMINAL over the GUI in ubuntu?

The CLI is especially useful for doing lots of repetitive actions. For example, let's say you want to resize 100,000 photos to get them small enough to upload to some cloud account -- I would do something like this: echo "convert \$1 -resize 33.33% -filter Cubic -quality 80 ~/temp/resize33/\$1&...
by MossySF
Mon Mar 20, 2017 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: My son wants to move to Hong Kong
Replies: 35
Views: 5235

Re: My son wants to move to Hong Kong

I don't want to get this thread side-tracked. I was just making that comment that an average American with a white complexion working an average retail job at the mall will probably see a bump in social class and opportunities in Hong Kong. This could make it a bonus for moving to Hong Kong permanen...
by MossySF
Mon Mar 20, 2017 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: My son wants to move to Hong Kong
Replies: 35
Views: 5235

Re: My son wants to move to Hong Kong

The cost of housing is high but if you are willing to live in a smaller footprint, you can offset with other lower living costs. The metro is cheap and best run in the world. Many people live in high rises where you can just take an elevator down to the shops/supermarkets at ground/2nd floor of your...
by MossySF
Sat Mar 18, 2017 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: How to report HSA gains in CA return? (H&R block software)
Replies: 19
Views: 1500

Re: How to report HSA gains in CA return? (H&R block software)

For dividends and interest, it's easy. Make a fake 1099DIV entry that is tax-free for federal but taxable for CA. It would basically be the equivalent of dividends/interest from a nationwide muni bond fund. For capital gains, TaxAct allowed me to update line 13 of the CA Adjustment form to make the ...
by MossySF
Mon Mar 06, 2017 2:20 am
Forum: Personal Finance (Not Investing)
Topic: HSA Maintenance Fee - California Returns
Replies: 4
Views: 728

Re: HSA Maintenance Fee - California Returns

There's little guidance on CA HSA laws. I myself do deduct the fees against my interest/taxable gains.
by MossySF
Sun Mar 05, 2017 5:22 am
Forum: Personal Consumer Issues
Topic: Where do you order checks from?
Replies: 57
Views: 4364

Re: Where do you order checks from?

You can print your own checks if you have a MICR toner cartridge. My company used to do this in the old days before outsourced bill paying services.
by MossySF
Sun Mar 05, 2017 1:16 am
Forum: Investing - Theory, News & General
Topic: Why not hedge using futures?
Replies: 54
Views: 4706

Re: Why not hedge using futures?

A question; I do not understand the 60-40 breakdown of long and short term capital gains. The holding period for long term gains is one year. If I bought the short futures now it seems to me that at the end of the year everything would be short term capital gains? Capital gains on futures are taxed...
by MossySF
Fri Mar 03, 2017 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Ameriprise VUL IV ES: should I stay or should I go?
Replies: 2
Views: 285

Re: Ameriprise VUL IV ES: should I stay or should I go?

Since you can't get replacement insurance yet, just wait it out.

Yeah you got into a bad deal but it's pretty much a wash whether you take the surrender charge now or wait it out. The insurance companies always design it perfectly to benefit them either way.
by MossySF
Thu Mar 02, 2017 1:28 pm
Forum: Personal Consumer Issues
Topic: Chromebook video quality question
Replies: 13
Views: 1002

Re: Chromebook video quality question

If using an HDMI cable the computer should be able to find out the TV's native resolution and set the video output resolution accordingly, so I doubt it's a case of mismatched resolutions. More likely that the resolution was just too low for the size of the TV screen. In mirror mode, the highest co...