Search found 183 matches

by LBMM
Fri Oct 28, 2016 10:28 am
Forum: Investing - Theory, News & General
Topic: Current SP500 P/E Ratio
Replies: 25
Views: 5646

Re: Current SP500 P/E Ratio

Still on the P/E kick? It's not fun buying an index and being average but I can agree that there is no possible way of getting better results without increasing risk. I disagree that buying and holding an index fund is "being average". In all likelihood you will beat an "average" investor. Just loo...
by LBMM
Mon Jan 12, 2015 4:25 pm
Forum: Investing - Theory, News & General
Topic: Is a Sub-4% SWR a Boglehead Quirk?
Replies: 177
Views: 16562

Re: Is a Sub-4% SWR a Boglehead Quirk?

Didn't Mr. Bernstein write something to the effect that any estimate of long term (40 year) financial success over 80% is a fool's game due to the risks of macroeconomic failures? He didn't even take into account the substantial nonzero risk of dying early or the fact that cuts to withdrawals can be...
by LBMM
Tue Dec 16, 2014 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Selling Vehicle of Deceased
Replies: 26
Views: 4190

Re: Selling Vehicle of Deceased

If the title was solely in the deceased's name, then yes, at least in my state you would need to open a probate case in order to make a legitimate transfer of title. Many states also have procedures for small estates that avoid the general probate process.
by LBMM
Fri Dec 12, 2014 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: "Why Retirement at 65 is a Fairy Tale"
Replies: 117
Views: 15343

Re: "Why Retirement at 65 is a Fairy Tale"

Most people will be OK with social security and medicare, they do not need to take cruises every year to be retirees. With all due respect....... we have very different opinions of what is OK in retirement! If you never had a plan and spent or wasted your money through your life you will "have" to ...
by LBMM
Thu Dec 11, 2014 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: "Why Retirement at 65 is a Fairy Tale"
Replies: 117
Views: 15343

Re: "Why Retirement at 65 is a Fairy Tale"

Isn't the irony of this discussion that if the savings rate of Americans dramatically increased, it would hurt future expected returns of current savers in that it would cause decreasing consumption and economic activity? Don't Bogleheads benefit from most people not being Bogleheads?
by LBMM
Tue Nov 25, 2014 2:54 pm
Forum: Investing - Theory, News & General
Topic: How did you handle the 2008 bear market ?
Replies: 79
Views: 10865

Re: How did you handle the 2008 bear market ?

Welcome! You are right that it is easier said than done. If I remember correctly, there were members on this forum who did abandon ship and changed their strategy. My portfolio was a lot smaller then, so I was not affected too bad by the downturn. I do remember rebalancing into my VG REIT Index Fund...
by LBMM
Mon Nov 24, 2014 8:48 am
Forum: Investing - Theory, News & General
Topic: How to Plan for an Unknown Future
Replies: 23
Views: 2693

Re: How to Plan for an Unknown Future

I'm still a very long ways away, but when I run projections for "fun" I assume current tax rates and don't include Social Security. It is impossible to predict future tax rates, so I don't even try. Two of the reasons I don't worry too much about future tax rates are: (1) I won't be paying payroll t...
by LBMM
Fri Nov 21, 2014 9:32 am
Forum: Investing - Theory, News & General
Topic: TSM vs S&P500
Replies: 25
Views: 4489

Re: TSM vs S&P500

I have to use the S&P500 for U.S. stock index investing in my 457 plan. Overall my plan is very good with extremely low expense ratios and index options. However, a few years ago, for reasons unclear, the plan quit offering a total U.S. market index. Rather than use an actively managed fund, I simpl...
by LBMM
Mon Nov 17, 2014 3:04 pm
Forum: Personal Consumer Issues
Topic: Waitress giving me discount - ethical question
Replies: 62
Views: 11561

Re: Waitress giving me discount - ethical question

OP, I had a similar funny dilemma at one time. I frequented a liquor store in which the cashier always gave me a discount (around 10%). The first time he gave me the discount he told me it was because I worked for the "state". Although odd, I assumed he had seen my employee ID in my wallet while I w...
by LBMM
Tue Oct 14, 2014 11:42 am
Forum: Investing - Theory, News & General
Topic: It's a good day to be heavy in REITs
Replies: 42
Views: 5487

Re: It's a good day to be heavy in REITs

Good grief. Have your fun, InvestorNewb but please reassure me that you are perfectly aware of 2008-2009. Losing half your money in the stock market is tough, but losing 2/3 of it in Vanguard REIT Index Fund is tougher. By all means invest in REITs if it makes sense to you, and I'm glad it's been a...
by LBMM
Mon Oct 13, 2014 11:32 am
Forum: Investing - Theory, News & General
Topic: When people put all their eggs in the wrong basket
Replies: 245
Views: 50290

Re: When people put all their eggs in the wrong basket

At some point I'd like to read the early pages of that epic thread to understand what seduced investors to put so much into a single stock. For the most part, they were trying to hit a home run. A lot of them were betting the farm that Apple was going to be using GT's sapphire on the new Iphone mod...
by LBMM
Fri Oct 10, 2014 11:48 am
Forum: Investing - Theory, News & General
Topic: When people put all their eggs in the wrong basket
Replies: 245
Views: 50290

Re: When people put all their eggs in the wrong basket

Some of the postings on that forum remind me of religious fanaticism. It was nothing but an echo chamber.
by LBMM
Tue Mar 27, 2012 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else experience a gigantic loss in real estate?
Replies: 66
Views: 9480

Re: Anyone else experience a gigantic loss in real estate?

So in the spirit of making me feel better, anyone else out there experience a loss like this before? Any words of wisdoms to insure we're doing the right thing for our family? Ignore sunk costs and make the best decision based on your current state. It might help to reframe your loss as just having...
by LBMM
Tue Jan 31, 2012 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Interesting USAA Life Insurance Rider
Replies: 18
Views: 2458

Re: Interesting USAA Life Insurance Rider

I have life insurance through USAA and I can tell you that I DO NOT have that rider. I purchased the insurance online, so I didn't work with an adviser or agent. I am disappointed the advisers gave you a hard sell for this product. You are right to question their advice.
by LBMM
Thu Jan 26, 2012 8:56 am
Forum: Investing - Theory, News & General
Topic: Is the Backdoor Roth legal or not?
Replies: 96
Views: 27078

Re: Is the Backdoor Roth legal or not?

natureexplorer wrote:Everything is possible, but there is (I believe) no precedent for retroactively increasing taxes, which is what this would be.
United States v. Darusmont, 449 U.S. 292 (1981)
by LBMM
Thu Jan 26, 2012 8:55 am
Forum: Investing - Theory, News & General
Topic: Is the Backdoor Roth legal or not?
Replies: 96
Views: 27078

Re: Is the Backdoor Roth legal or not?

Retroactive punishments for activity that was legal at the time would likely be declared unconstitutional under ex post facto doctrine. The ex post facto clause is limited to criminal penalties. Retroactive tax increases have already been approved by the U.S. Supreme Court. United States v. Darusmo...
by LBMM
Thu Jan 05, 2012 12:20 pm
Forum: Investing - Theory, News & General
Topic: Who Will Your Spouse Call when You're Dead?
Replies: 31
Views: 3904

Re: Who Will Your Spouse Call when You're Dead?

There are excellent professional trustees out there, just like there are excellent investment advisors. It's just hard to find them. Rick Ferri That is so true and that is why I think your statement is fair. I don't practice in this area, but as an attorney, I've been appalled at the fee schedules ...
by LBMM
Thu Dec 29, 2011 8:38 am
Forum: Personal Finance (Not Investing)
Topic: real estate: mortgage/title conundrum
Replies: 6
Views: 778

Re: real estate: mortgage/title conundrum

Generally, state law will provide a method for one co-owner to force the sale of co-owned property. Since the property in question is located in Texas, it will depend on Texas law. If your uncle does not consent, your mother will likely have to bring a lawsuit. Of course, your mom and uncle have inv...
by LBMM
Mon Aug 15, 2011 8:50 am
Forum: Personal Investments
Topic: Need help with tracking the Total Stock Market Index
Replies: 2
Views: 543

Re: Need help with tracking the Total Stock Market Index

YDNAL wrote: HERE!
Awesome! Thank you.
by LBMM
Mon Aug 15, 2011 8:29 am
Forum: Personal Investments
Topic: Need help with tracking the Total Stock Market Index
Replies: 2
Views: 543

Need help with tracking the Total Stock Market Index

Unfortunately, I have learned that my 457 plan is reducing its index fund offerings. There will only be one domestic stock index fun - an S&P 500 Index fund. I had been using a U.S. Total Stock Market Index Fund. I noticed Vanguard offers an Extended Market Index Fund and I can use that in my IRA wi...
by LBMM
Thu Apr 08, 2010 11:58 am
Forum: Personal Investments
Topic: Mortgage on an equestrian facility - Questions!
Replies: 23
Views: 2069

Don't get trapped by comparing the mortgage payment with rent. Worst case scenario, you can always move and rent a much cheaper place without any significant dings to your financial situation or credit rating. It is a lot harder to get away from a mortgage. I hear you, but we can't always move and ...
by LBMM
Thu Apr 08, 2010 11:05 am
Forum: Personal Investments
Topic: Mortgage on an equestrian facility - Questions!
Replies: 23
Views: 2069

I just want to check my calculations: on a $272000 loan, at 10.5% interest and a 30 year mortgage, it seems like our monthly payments would be around $2800. Since we are paying that in rent right now, it seems to be a somewhat safe bet to take the risk on a 5.5% 5/1 ARM even in the worst case scena...
by LBMM
Thu Mar 18, 2010 10:57 am
Forum: Personal Consumer Issues
Topic: Exercise and Fitness
Replies: 111
Views: 14003

4. Sprinters can match the cardiovascular performance of endurance athletes � even at extended efforts. 5. Endurance athletes are woefully lacking in total physical capacity. I have to say that those few distance runners I know who have made the switch from running long, slower distances to CrossFi...
by LBMM
Mon Mar 15, 2010 12:55 pm
Forum: Personal Consumer Issues
Topic: Exercise and Fitness
Replies: 111
Views: 14003

Re: Exercise and Fitness

What common ideas about exercise or fitness do you think are wrong or useless? Just curious what the Bogleheads have to say. Low intensity "cardio" has been way overblown in today's society. I'm not saying it doesn't have its place, but it should not be the sole activity. If you want endurance trai...
by LBMM
Mon Mar 15, 2010 12:36 pm
Forum: Investing - Theory, News & General
Topic: Has the WSJ lost its credibility?
Replies: 41
Views: 5424

The Wall Street Journal is a fantastic paper. Main Entry: fan·tas·tic Pronunciation: \fan-ˈtas-tik, fən-\ Variant(s): also fan·tas·ti·cal \-ti-kəl\ Function: adjective Etymology: Middle English fantastic, fantastical, from Middle French & Late Latin; Middle French fantastique, from Late Latin phant...
by LBMM
Tue Mar 02, 2010 10:35 am
Forum: Investing - Theory, News & General
Topic: SIPC ....are we safe and/or are we protected? How?
Replies: 44
Views: 4573

Excellent decision by the judge. You can't lose what you never had.
by LBMM
Tue Feb 02, 2010 11:07 am
Forum: Personal Consumer Issues
Topic: Vented Crawlspace is not neccessary???
Replies: 11
Views: 2913

I believe some local building codes require crawl space vents.
by LBMM
Tue Jan 05, 2010 9:47 am
Forum: Personal Consumer Issues
Topic: 2010 BOGLEHEAD CONTEST REGISTRATION
Replies: 284
Views: 34121

1394
by LBMM
Wed Apr 01, 2009 12:17 pm
Forum: Investing - Theory, News & General
Topic: Europe’s Solution: Take More Time Off
Replies: 64
Views: 8360

Without a strong government, my mob with more guns than your mob will simply take everything you have. So much for your "freedom". This is a baseless statement. This country seemed to do fine with a decentralized government. Mobs with guns didn't take the individual's property. I'll concede that po...
by LBMM
Wed Apr 01, 2009 12:06 pm
Forum: Investing - Theory, News & General
Topic: Europe’s Solution: Take More Time Off
Replies: 64
Views: 8360

Great points VT.

That "decentralized" government sure did work out good for poor blacks, especially in the South. Hey, the 13th and 14th amendments took care of everything, right? We all became free. LOL.
by LBMM
Wed Apr 01, 2009 10:48 am
Forum: Investing - Theory, News & General
Topic: Guaranteed 25% instantaneous return
Replies: 81
Views: 10754

Better still, why don't I "hire" my friend who is unemployed to mow the lawn of my business, and pay him $10,000. He can then gift back $9,500 to me!! I reduce taxable income by $10,000, he pays nothing because he doesn't otherwise have income, and I get back all but $500. Better than paying an ext...
by LBMM
Wed Apr 01, 2009 10:04 am
Forum: Investing - Theory, News & General
Topic: Europe’s Solution: Take More Time Off
Replies: 64
Views: 8360

Index Fan wrote:

"A government big enough to give you everything you want is a government big enough to take from you everything you have."
The government is already "big enough" to take everything you have. If all three branches aligned against you, what is your recourse? LOL. That boat has sailed long ago.
by LBMM
Wed Apr 01, 2009 9:59 am
Forum: Investing - Theory, News & General
Topic: Europe’s Solution: Take More Time Off
Replies: 64
Views: 8360

It takes a strong government to enable freedom. Freedom (next to many other things) means giving every child no matter which family background be it poor, rich, single parent, both parents, male, female, white, black red the same chance to graduate high school and college. That alone takes at least...
by LBMM
Fri Mar 20, 2009 9:15 am
Forum: Investing - Theory, News & General
Topic: Cost to hire top financial people
Replies: 102
Views: 12207

The bonuses are just another example of the free market Wall Street style. Privatize the gains, socialize the losses.
by LBMM
Fri Mar 20, 2009 9:05 am
Forum: Investing - Theory, News & General
Topic: Cost to hire top financial people
Replies: 102
Views: 12207

Pardon me everyone, but isn't what congress is doing an unabashed bill of attainder? "A bill of attainder (also known as an act or writ of attainder) is an act of legislature declaring a person or group of persons guilty of some crime and punishing them without benefit of a trial." Congress is spec...
by LBMM
Fri Mar 20, 2009 8:45 am
Forum: Investing - Theory, News & General
Topic: Cost to hire top financial people
Replies: 102
Views: 12207

But I don't need lectures from people with double standards. For example, those who label any legislation they disagree with as socialism and castigate auto workers for negotiating generous corporate-funded benefits, yet defend six-figure government-funded bonuses for many of the failed fat-cats an...
by LBMM
Thu Mar 05, 2009 11:22 am
Forum: Investing - Theory, News & General
Topic: FDIC Almost Insolvent
Replies: 66
Views: 10053

Article 1, Section 8: The congress shall have power to lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defense and general welfare of the United States ; but all duties, imposts and excises shall be uniform throughout the United States; * * * To make a...
by LBMM
Thu Mar 05, 2009 11:07 am
Forum: Investing - Theory, News & General
Topic: Quite honestly we deserve a strong recession/Depression.
Replies: 78
Views: 10844

felixters wrote:
ScottW wrote:
jstan88 wrote:I'm only 20 years old
This is a minor quibble, but how is it that you were only 18 back in November?

http://www.bogleheads.org/forum/viewtop ... highlight=
That thread is from November 2008.
So? He turned 20 over the span of 4 months?
by LBMM
Mon Mar 02, 2009 4:00 pm
Forum: Investing - Theory, News & General
Topic: Still buying
Replies: 127
Views: 22654

Well said.

I'm afraid a lot of people (even purported Bogleheads) never understood why there is an equity risk premium. I'm 90% equities and feeling great.
by LBMM
Wed Feb 18, 2009 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Question about Housing Fraud
Replies: 109
Views: 14021

I think the point is slightly finer than that. Is not having a consequence for a failure to pay a legal debt (non-recourse) the same as not having a legal obligation to pay? If the obligation is not enforceable, I'd argue it is not a legal obligation. Only a fool would argue otherwise. An obligatio...
by LBMM
Mon Feb 16, 2009 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Question about Housing Fraud
Replies: 109
Views: 14021

I'm assuming Rick is in favor of criminal liability for all breaches of contract unless the breaching party can establish an inability to perform its obligations under the contract. I'll also go along with the idea of removing all limited liability protection from business entities - I'm sure Rick w...
by LBMM
Mon Feb 16, 2009 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Question about Housing Fraud
Replies: 109
Views: 14021

BUT, those wrongs DO NOT make it right for a Bank CEO who is already rich to continue making money. Those people are committing a crime, IMO. They are stealing from the company and they are stealing from stockholders due to biased boards of directors, and they are stealing from all taxpayers due to...
by LBMM
Fri Feb 06, 2009 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: basis of inherited house with life estate deed
Replies: 24
Views: 13264

Thanks, LBMM An interesting link with five pages of mind-numbing discussion. Starting on page 3 is the discussion "Transfers with a retained life estate part two: Estate tax" which exactly describes my situation. The conclusion, assuming no Medicaid claims on the estate, says: "As discussed above, ...
by LBMM
Fri Feb 06, 2009 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: basis of inherited house with life estate deed
Replies: 24
Views: 13264

This article appears to support the 1st attorney's position. The remainder interest from a life-estate deed is a vested interest that is transferred at the time the deed is signed and delivered and it can be valued using commutation tables, so it is hard for me to believe that the answer is a full s...
by LBMM
Thu Feb 05, 2009 12:32 pm
Forum: Investing - Theory, News & General
Topic: $15,000 tax credit for new home buyers in stimulus
Replies: 74
Views: 14018

I believe the program requires purchase of the home to use as a personal residence. If the parties have a side-agreement to buy-back, then that might rise to fraudulent behavior. The devil will be in the details of how the provision is worded. If they word the requirements too loose, then sure, peop...
by LBMM
Thu Feb 05, 2009 10:44 am
Forum: Investing - Theory, News & General
Topic: $15,000 tax credit for new home buyers in stimulus
Replies: 74
Views: 14018

sewall wrote:Refundable credit? If so, wow! I'd have loved an extra $15k.

Anybody want to sell our homes to each other, capture the $15k and then sell back? (Joking!) :lol:
That's not a joke lol. I'm sure vultures will be lining up to pull off such chicanery if the provision passes.