Search found 3875 matches

by unclescrooge
Wed Nov 20, 2019 10:25 am
Forum: Personal Finance (Not Investing)
Topic: High Mortgage
Replies: 14
Views: 1809

Re: High Mortgage

Thank you for all of the suggestions! :happy I briefly looked at refinancing, but I was discouraged by the cost, I calculate between 3-6% of the principle (12k to 24k on a 400k loan amount). Am I calculating the cost of refinancing incorrectly? When I say 50% saving, it is all going into index fund...
by unclescrooge
Tue Nov 19, 2019 4:47 pm
Forum: Personal Consumer Issues
Topic: How often do you bargain for things?
Replies: 56
Views: 3572

Re: How often do you bargain for things?

I've done decent negotiating for a car, house, and roofing. (Nothing big, but fair deals.) I'm hesitant to negotiate for skilled services, as I want an incentive for them to do good work. Think dentistry, carpentry, plumbing, etc. I never get the opportunity for retail negotiating. Aldi and Walmart...
by unclescrooge
Tue Nov 19, 2019 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: High Mortgage
Replies: 14
Views: 1809

Re: High Mortgage

My wife and I both work and are saving about 50% of our income, but have high monthly payments on our 30 year mortgage (20 yrs left). We made the minimum down payment and after 10yrs are just hitting the 20% equity point. So we have about $400k left at around 5%. If you refinanced to a 10/1 ARM, yo...
by unclescrooge
Tue Nov 19, 2019 12:50 pm
Forum: Investing - Theory, News & General
Topic: market went down in 2018, so why do people forget that
Replies: 48
Views: 4915

Re: market went down in 2018, so why do people forget that

I agree with you OP. From 10/29/2018 to 12/24/2018 the market dropped -19.8% when looking at closing prices. When considering intraday prices, the drop exceeded the -20% rule of thumb for bear markets. Who’s to say that this is not the new “normal” for bear market resets? Why does every crash have ...
by unclescrooge
Mon Nov 18, 2019 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: Rental property sell or rent?
Replies: 21
Views: 1718

Re: Rental property sell or rent?

The ROI is actually decent. https://docs.google.com/spreadsheets/d/1HerrY-7nb6LDB2fdud0066mE3Y5eRgt02TgWfUayeGo/edit?usp=sharing But...if you aren't excited about being a landlord, you should sell and use the money for other investing. If you are between tenants, it's a good time to sell. You'll ha...
by unclescrooge
Sun Nov 17, 2019 7:26 pm
Forum: Personal Investments
Topic: Do you regret rebalancing over the last few years?
Replies: 66
Views: 5384

Re: Do you regret rebalancing over the last few years?

Socrates wrote:
Sun Nov 17, 2019 6:53 pm
I am glad I dumped international many years ago.
But will you be just as glad in 10 years?
by unclescrooge
Sun Nov 17, 2019 4:37 pm
Forum: Personal Investments
Topic: When do you take it off the table?
Replies: 23
Views: 4075

Re: When do you take it off the table?

livesoft wrote:
Sun Nov 17, 2019 3:54 pm
The allocation of 58/42 has more bonds already than any allocation that I would want for the rest of my life, so I think you have already taken it off the table.
+1

That's what I was thinking.

If it were me, I would put 2% back on the table.
by unclescrooge
Sun Nov 17, 2019 1:49 am
Forum: Investing - Theory, News & General
Topic: SP500 is very top heavy right now
Replies: 134
Views: 11217

Re: SP500 is very top heavy right now

This is a pretty cool site that lets you see holdings of the S&P 500 by year: https://etfdb.com/history-of-the-s-and-p-500/#1999 Top 5 in 1999: Microsoft GE Cisco Wal-Mart Exxon Mobil And by owning the index you automatically rebalanced from these to the new list without taxable side effects. That'...
by unclescrooge
Sat Nov 16, 2019 2:29 pm
Forum: Personal Consumer Issues
Topic: Best thing you have ever bought?
Replies: 151
Views: 12112

Re: Best thing you have ever bought?

Umbrella insurance.

Less than 30 days after getting it I was in an accident and the insurance company paid out the full limits of the policy.
by unclescrooge
Sat Nov 16, 2019 2:08 pm
Forum: Personal Investments
Topic: Cancelling M* Premium
Replies: 13
Views: 1173

Re: Cancelling M* Premium

After the "upgrades" to the website, I feel like canceling my subscription everyday. But I like looking at their fair valuation of stocks. That's literally the only reason I keep it.... Even though I no longer believe in buying individual stocks :oops: Sounds like an "ritual" habit which is a time ...
by unclescrooge
Sat Nov 16, 2019 10:59 am
Forum: Personal Investments
Topic: Cancelling M* Premium
Replies: 13
Views: 1173

Re: Cancelling M* Premium

Good info. Thanks all. Health Insurance costs have risen so I'm looking to cut some expenses. I've had a free account for years, and never needed the premium, and I agree the free account does 80% of everything I need esp if you follow the lazy portfolio, there no need for premium. After the "upgra...
by unclescrooge
Fri Nov 15, 2019 5:58 pm
Forum: Personal Consumer Issues
Topic: Best thing you have ever bought?
Replies: 151
Views: 12112

Re: Best thing you have ever bought?

1. I paid $1,100 for a 3 year membership to LA Fitness in 2004 or 2005. It came with a $99/year renewal to any club. 14 years later, I'm still paying my $99/year and using the club at least once a week. 2. I paid $350 for a Vitamix blender in 2011. It's awesome! 3. I paid $4.99 for a collapsible tab...
by unclescrooge
Thu Nov 14, 2019 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Equal Inheritance for Children
Replies: 77
Views: 7335

Re: Equal Inheritance for Children

Alternatively, put $15K per year in a separate account that you make TOD to the child that isn't getting the advance gifts. I would go a step further. I would separate all account types into 2. Each type of account has a separate beneficiary. Only use the account earmarked for that child when makin...
by unclescrooge
Thu Nov 14, 2019 4:59 pm
Forum: Investing - Theory, News & General
Topic: How to hold title to rental properties
Replies: 15
Views: 1269

Re: How to hold title to rental properties

Is there any benefit to putting the rentals in an LLC? Ideally yes, because when you own them directly, you have unlimited liability. However, there are practical reasons why you might not want to: You may have to pay a transfer fee (tax) when the ownership changes. State laws vary. If you have mor...
by unclescrooge
Thu Nov 14, 2019 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Homebuying in Los Angeles - Advice Needed
Replies: 65
Views: 5398

Re: Homebuying in Los Angeles - Advice Needed

The idea that you have to spend $2M to get a house a tick above modest doesn't ring true to me. Perhaps my definition of modest is more... well, modest than yours. Some very fine 3/2 homes can be found in Valley Village or even Sherman Oaks for $1.2M. If you want to spend $1.5, you can get a modest...
by unclescrooge
Thu Nov 14, 2019 2:02 am
Forum: Investing - Theory, News & General
Topic: Rich people are hoarding cash
Replies: 153
Views: 23244

Re: Rich people are hoarding cash

Some points that have not been answered: - Why would "rich" people be holding excess cash? - Why would anyone think "rich" people are better at market timing than the middle class? Who is richer? . . . - Someone who makes $500k per year and has a net worth of $2M; - Or someone who makes $50k per ye...
by unclescrooge
Wed Nov 13, 2019 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Employer requesting increased travel
Replies: 36
Views: 2960

Re: Employer requesting increased travel

... development officers would be on the road 50%. I think this is a bit overzealous and unrealistic, but that's what he wants... Any chance you can travel to places like Hawaii, Lisbon, Paris... Or anywhere your wife would like to visit? If so, take her and the kids with you. And ask for more mone...
by unclescrooge
Wed Nov 13, 2019 11:03 pm
Forum: Investing - Theory, News & General
Topic: A time to EVALUATE your jitters
Replies: 337
Views: 326945

Re: A time to EVALUATE your jitters

Jeffrey Gundlach? :oops: See Here’s the price to be paid for listening to ‘Armageddonist’ predictions from the likes of Soros, Icahn and Gundlach https://i.postimg.cc/FKCz8kLH/MW-HV145-armage-20191113045802-NS.png This 8 yr old thread just proves once again the old adage that "time in the market" i...
by unclescrooge
Wed Nov 13, 2019 9:06 pm
Forum: Investing - Theory, News & General
Topic: How to hold title to rental properties
Replies: 15
Views: 1269

Re: How to hold title to rental properties

I have 2 rental properties I've owned since 2005 out in the midwest. Both are long-term rentals managed through a property management company. Each of them has about $75k equity in them, and is worth $150k. Our personal residence is based in California and has ~$1 million equity in it. The rentals ...
by unclescrooge
Wed Nov 13, 2019 8:39 pm
Forum: Investing - Theory, News & General
Topic: How to hold title to rental properties
Replies: 15
Views: 1269

Re: How to hold title to rental properties

fabdog wrote:
Wed Nov 13, 2019 8:22 pm
Maybe the folks at biggerpockets.com would have more feedback

Mike
True, but the best ones are here already :mrgreen:
by unclescrooge
Wed Nov 13, 2019 6:49 pm
Forum: Investing - Theory, News & General
Topic: How to hold title to rental properties
Replies: 15
Views: 1269

How to hold title to rental properties

I have 2 rental properties I've owned since 2005 out in the midwest. Both are long-term rentals managed through a property management company. Each of them has about $75k equity in them, and is worth $150k. Our personal residence is based in California and has ~$1 million equity in it. The rentals a...
by unclescrooge
Wed Nov 13, 2019 5:39 pm
Forum: Personal Consumer Issues
Topic: Productizing an idea
Replies: 28
Views: 1532

Re: Productizing an idea

Hi esteemed Bogleheads, My wife has a couple of ideas for revolutionary (hopefully anyway) kitchen gadgets. But we're at a loss on how to turn those into actual products. I'm assuming we go to an industrial design firm to get some prototypes made and then if the testing works out, get an initial ba...
by unclescrooge
Wed Nov 13, 2019 10:57 am
Forum: Investing - Theory, News & General
Topic: optimal strategy for exploiting robo-advisors
Replies: 33
Views: 2560

Re: optimal strategy for exploiting robo-advisors

I wonder if there are any academic studies regarding aggressive tax loss harvesting and investment returns. This strategy involves lots of turnover to generate the tax losses and I am wondering if this is creating a friction with bid/ask spreads and incorrect sell/buy decisions. This strategy shoul...
by unclescrooge
Tue Nov 12, 2019 8:57 pm
Forum: Personal Investments
Topic: Holding bonds vs 100% equities
Replies: 367
Views: 21808

Re: Holding bonds vs 100% equities

https://personal.vanguard.com/us/insights/saving-investing/model-portfolio-allocations?lang=en OP, Take a look at the above URL and ask yourself why 100/0 makes any sense? The additional risk brings you minimal average return. So, why bother? Pick an AA between 70/30 and 30/70. KlangFool 1.0% retur...
by unclescrooge
Tue Nov 12, 2019 7:45 pm
Forum: Personal Consumer Issues
Topic: Would you buy a Galaxy S9 now?
Replies: 31
Views: 1819

Re: Would you buy a Galaxy S9 now?

I was not very impressed with my Galaxy S6s that we bought on Black Friday about a year after they were released. Price was great but updates stopped after three years and that was everything - security patches, OS updates, etc. Two of the phones had the charging ports go bad and the battery died o...
by unclescrooge
Tue Nov 12, 2019 5:37 pm
Forum: Investing - Theory, News & General
Topic: The End Is Near....Isn't It ?
Replies: 27
Views: 2135

Re: The End Is Near....Isn't It ?

Zero chance the dow can go past 22,000 with the upcoming election, extremely high valuations, 8 year bull market, and low interest rate environment. Set an Asset Allocation to limit your downside and ensure you can sleep and start ignoring the "experts". You are investing for the prices 10 YEARS fr...
by unclescrooge
Tue Nov 12, 2019 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Selling house with no commissions,fair deal?
Replies: 38
Views: 1741

Re: Selling house with no commissions,fair deal?

I have worked out the details with the broker.I will pay 5000 of the solar buyout and he will pay the rest.He will pay for any repairs and make the December mortgage payment.I will end up with the full amount for my brothers estate that I was hoping for. That was fast. Well then, congratulations an...
by unclescrooge
Tue Nov 12, 2019 3:06 pm
Forum: Personal Investments
Topic: Buy some VYM [Vanguard High Dividend Yield]?
Replies: 31
Views: 2974

Re: Buy some VYM?

Since you're raising your equity percentage by doing this, why wouldn't you buy something like Vanguard Total Stock Market Index? Then you sell, generating capital gains, not dividends, which should be taxed by both fed and state the same, no? As to increasing cashflow, why don't you simply USE the...
by unclescrooge
Tue Nov 12, 2019 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Should I do a cash out refinance?
Replies: 24
Views: 1783

Re: Should I do a cash out refinance?

Why not liquidate one or more of the properties such that you have the cash to do the repairs/renovations and have zero years left on the mortgage(s)? Part of the attraction of real estate is the leveraged returns. If you aren't periodically refinancing and pulling cash out your returns drop over t...
by unclescrooge
Tue Nov 12, 2019 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Homebuying in Los Angeles - Advice Needed
Replies: 65
Views: 5398

Re: Homebuying in Los Angeles - Advice Needed

I'm not an expert in these things at all but I do live in LA in a very similar situation and can relate to the OP's dilemma. We pay less than 5K rent on a home that would probably cost over 1.5MIL to buy. We got a great deal but I think that's often possible b/c the owners locked in their mortgage ...
by unclescrooge
Tue Nov 12, 2019 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Anyone want to share their monthly budget? Here's ours
Replies: 153
Views: 32194

Re: Anyone want to share their monthly budget? Here's ours

I find it interesting that most responders are singles or couples with no kids. The rest of us are too busy to budget or don't really want to know. :mrgreen: We have two teens. We clear around 13k/month after taxes and retirement savings and basically spend every penny, in descending order: school ...
by unclescrooge
Tue Nov 12, 2019 2:27 am
Forum: Personal Finance (Not Investing)
Topic: Homebuying in Los Angeles - Advice Needed
Replies: 65
Views: 5398

Re: Homebuying in Los Angeles - Advice Needed

Best laid plans... Anyway, if there's a fair to good chance you'll live there for 15 years, then buying is a good choice. People used to say it took 5-7 years to break even on the purchase cost (realtor fees, mortgage fees, moving costs, etc.), and I'd guess it hasn't changed that much. You can aff...
by unclescrooge
Tue Nov 12, 2019 1:54 am
Forum: Personal Finance (Not Investing)
Topic: Seller's agent not letting us use a buyer's agent
Replies: 122
Views: 10535

Re: Seller's agent not letting us use a buyer's agent

If you had a Buyer's Agent, they should have been with you from the first visit. You were asked if you had an agent, and you said no. For what purpose would you use a Buyer's Agent at this point? Negotiating? Hire a real estate attorney, which you should do before you sign anything. We visited prob...
by unclescrooge
Mon Nov 11, 2019 10:58 am
Forum: Personal Consumer Issues
Topic: Spectrum Internet has a good scam going
Replies: 61
Views: 7605

Re: Spectrum Internet has a good scam going

Spectrum just raised my monthly internet bill by 33%. I don't have much choice in my area. They are gouging their customers. Not that it helps you any, but the exact same just happened to me as well - monopolist at work, I complained to my local political representative in the hope of some visibili...
by unclescrooge
Sat Nov 09, 2019 1:07 pm
Forum: Personal Consumer Issues
Topic: Should I replace my HVAC system or get home warranty plan?
Replies: 17
Views: 904

Re: Should I replace my HVAC system or get home warranty plan?

On the previous house, I replaced the 30 year old HVAC system. I also paid extra to have it placed in the attic.

And then a couple of months later, my wife announced we needed to move. :oops:
by unclescrooge
Fri Nov 08, 2019 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding Capital Gains Taxes on Real Property Sale
Replies: 8
Views: 631

Re: Avoiding Capital Gains Taxes on Real Property Sale

Other than a 1031 exchange, or an investment in an opportunity zone, your only other option is to move back into the house and make it your primary residence for a certain period of time. I thought that the gain during the rental period is still there no matter you move back in the house? Tax exper...
by unclescrooge
Fri Nov 08, 2019 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding Capital Gains Taxes on Real Property Sale
Replies: 8
Views: 631

Re: Avoiding Capital Gains Taxes on Real Property Sale

Other than a 1031 exchange, or an investment in an opportunity zone, your only other option is to move back into the house and make it your primary residence for a certain period of time.
by unclescrooge
Fri Nov 08, 2019 2:38 pm
Forum: Investing - Theory, News & General
Topic: Justifying Non World Market Cap
Replies: 38
Views: 2358

Re: Justifying Non World Market Cap

One issue for American investors, is diversifying into international stocks un diversifies them in regard to industry concentration, for example Emerging Markets Value, touted as the sub-class with the highest forward returns, is 57.37% financials-energy-materials. EM Value may or may not do well i...
by unclescrooge
Thu Nov 07, 2019 10:30 pm
Forum: Investing - Theory, News & General
Topic: Do you invest in Real Estate ? Why ?
Replies: 141
Views: 18994

Re: Do you invest in Real Estate ? Why ?

It takes 27.5 years to depreciate the property completely. At that time I'm probably retired and make much less money than today. Rental income is taxed at 80% of the marginal tax rate which is higher than dividend tax rate but not much higher. Either you're in a very low tax bracket or you're doin...
by unclescrooge
Thu Nov 07, 2019 7:06 pm
Forum: Investing - Theory, News & General
Topic: Do you invest in Real Estate ? Why ?
Replies: 141
Views: 18994

Re: Do you invest in Real Estate ? Why ?

3. REITs are also quite volatile and , in combination with my home equity, would have me overweighted in RE as per #1. If my memory serves me well, REITs suffered more than stocks in the 2008 crash (I could be wrong about that). I'm pretty sure your memory is correct. Which is ironic since many res...
by unclescrooge
Thu Nov 07, 2019 7:03 pm
Forum: Investing - Theory, News & General
Topic: Do you invest in Real Estate ? Why ?
Replies: 141
Views: 18994

Re: Do you invest in Real Estate ? Why ?

When I say high income, I was thinking over $250k in HHI. Once you depreciate all the property the income on rentals is taxed at ordinary income rates. Dividends are taxed at much lower rates. I've owned rentals for 16 years. They were fine when I was younger. Now they didn't have the same appeal.....
by unclescrooge
Thu Nov 07, 2019 1:29 pm
Forum: Personal Consumer Issues
Topic: Cutting the Cord & Live Television
Replies: 45
Views: 2966

Re: Cutting the Cord & Live Television

Between Amazon prime and Netflix we have more shows than we can watch.

Wife likes to watch Grey's anatomy and watches on her iPad for free.

Neither of us watch any sports so we didn't need live TV.

Our Vizio TV has a live news app that we use to check in on wildfires once a year.
by unclescrooge
Wed Nov 06, 2019 6:17 pm
Forum: Investing - Theory, News & General
Topic: Do you invest in Real Estate ? Why ?
Replies: 141
Views: 18994

Re: Do you invest in Real Estate ? Why ?

When I say high income, I was thinking over $250k in HHI. Once you depreciate all the property the income on rentals is taxed at ordinary income rates. Dividends are taxed at much lower rates. I've owned rentals for 16 years. They were fine when I was younger. Now they didn't have the same appeal.....
by unclescrooge
Wed Nov 06, 2019 2:34 pm
Forum: Investing - Theory, News & General
Topic: Do you invest in Real Estate ? Why ?
Replies: 141
Views: 18994

Re: Do you invest in Real Estate ? Why ?

Depreciation is recaptured when you sell. Usually at a higher rate than what you were able to claim. Depreciation is recaptured at the capital gains tax rate, 15%. Depreciation is tax deferral. It's the same mechanism we love about 401Ks. The deferral is realized at your highest tax rate, 22 or 24%...
by unclescrooge
Wed Nov 06, 2019 1:45 pm
Forum: Personal Consumer Issues
Topic: Received bill from sub-contractor after paying general contractor in full
Replies: 14
Views: 3075

Re: Received bill from sub-contractor after paying general contractor in full

Do you have a signed contract with the subcontractor?

If not, I didn't think the sub can do anything.

In order to file a mechanics lien, I'm pretty sure he needs
1. A signed contract
2. A state license
3. Needs to file within 90 days

At least this is my understanding of California.
by unclescrooge
Wed Nov 06, 2019 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax 2019 on Amazon
Replies: 127
Views: 10182

Re: Turbotax 2019 on Amazon

+1
Thanks!
by unclescrooge
Wed Nov 06, 2019 1:31 pm
Forum: Investing - Theory, News & General
Topic: Do you invest in Real Estate ? Why ?
Replies: 141
Views: 18994

Re: Do you invest in Real Estate ? Why ?

I forgot to add the leverage available to landlords along with depreciation benefits . Depreciation is recaptured when you sell. Usually at a higher rate than what you were able to claim. Unless you can complete a 1031x, which is another hassle in itself. Leverage works both ways. I've seen first h...
by unclescrooge
Wed Nov 06, 2019 10:53 am
Forum: Personal Finance (Not Investing)
Topic: How common is ACH fraud on checking accounts?
Replies: 55
Views: 10313

Re: How common is ACH fraud on checking accounts?

My savings account was drained via ACH. The account information was never public to begin with so I don't know how they got that information. I've had a number of weird things happen in my bank accounts over the years. All of them have been bank errors or 3rd party errors in one form or another, no...
by unclescrooge
Wed Nov 06, 2019 9:57 am
Forum: Personal Consumer Issues
Topic: Smart Garage Door Openers
Replies: 34
Views: 2224

Re: Smart Garage Door Openers

I replaced my failing garage door opener a few months ago with a Chamberlain MyQ Wifi enabled unit. The lighting on the unit is far superior to the old unit and really lights up the garage well. They have a model higher than the one I bought that does and even better job with lighting. I very much ...