Search found 4704 matches

by unclescrooge
Tue May 26, 2020 9:07 pm
Forum: Investing - Theory, News & General
Topic: How to avoid tinkering?
Replies: 28
Views: 1340

Re: How to avoid tinkering?

I've found a slice and dice portfolio helps with the tinkering.
by unclescrooge
Tue May 26, 2020 8:56 pm
Forum: Personal Investments
Topic: Private Investing?
Replies: 10
Views: 650

Re: Private Investing?

The private investments we have are in businesses where my wife is an active, but minority participant. And how do you factor that into your portfolio? I don't. It's uncorrelated with any other asset class so there isn't any point. Would it be acceptable then to say “I don’t want private investment...
by unclescrooge
Tue May 26, 2020 8:42 pm
Forum: Personal Investments
Topic: Private Investing?
Replies: 10
Views: 650

Re: Private Investing?

mjuszczak wrote:
Tue May 26, 2020 8:18 pm
unclescrooge wrote:
Tue May 26, 2020 7:49 pm
The private investments we have are in businesses where my wife is an active, but minority participant.
And how do you factor that into your portfolio?
I don't. It's uncorrelated with any other asset class so there isn't any point.
by unclescrooge
Tue May 26, 2020 7:59 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads: What is your largest single stock holding? (if any)
Replies: 47
Views: 2048

Re: Bogleheads: What is your largest single stock holding? (if any)

simplesauce wrote:
Tue May 26, 2020 9:01 am

1. What is your largest single stock holding?

2. What % of your portfolio is in this company?

3. What is your reason for keeping this holding? (capital gain, belief in the company, etc.)
Altria(MO)
0.33% of portfolio
Dividends
by unclescrooge
Tue May 26, 2020 7:49 pm
Forum: Personal Investments
Topic: Private Investing?
Replies: 10
Views: 650

Re: Private Investing?

The private investments we have are in businesses where my wife is an active, but minority participant.
by unclescrooge
Tue May 26, 2020 5:40 am
Forum: Personal Consumer Issues
Topic: Painting the house//estimates and experiences
Replies: 20
Views: 1346

Re: Painting the house//estimates and experiences

Depends on the area, the quality of the paint and the quality of workmanship.

I suggest you get at least 3 quotes.
by unclescrooge
Mon May 25, 2020 5:45 pm
Forum: Investing - Theory, News & General
Topic: Has anybody heard of DriverLoan Investor Club?
Replies: 28
Views: 1960

Re: Has anybody heard of DriverLoan Investor Club?

dukeblue219 wrote:
Sun May 24, 2020 7:36 am
You're loaning money to people desperate enough to accept a 440% APR loan, and in exchange you get 15% return?

I'd feel slimy doing this even if it wasn't dangerously close to a scam.
How is this usury not illegal?
I would not want to ever be associated with any such enterprise.
by unclescrooge
Mon May 25, 2020 4:46 pm
Forum: Personal Consumer Issues
Topic: Personal spending out of control after Covid-19
Replies: 118
Views: 9187

Re: Personal spending out of control after Covid-19

Less junk food, fast food, sweets and alcohol here. Since I am not out and about, I am not tempted to stop at fast food or grab a poor choice on a gas fill up stop. Since I am ordering most groceries online with pickup, there is not the temptation to grab less healthy choice they intentionally disp...
by unclescrooge
Mon May 25, 2020 10:57 am
Forum: Investing - Theory, News & General
Topic: Jeremiah B. says to buy gold and silver
Replies: 29
Views: 1543

Re: Jeremiah B. says to buy gold and silver

With respect, you don’t think all this money printing would lead to higher inflation or higher taxes thus cutting into future purchasing power and future economic growth? Money printing in developed countries has been shown to be deflationary. Simple gift had a link to a paper regarding this recent...
by unclescrooge
Mon May 25, 2020 10:54 am
Forum: Investing - Theory, News & General
Topic: Jeremiah B. says to buy gold and silver
Replies: 29
Views: 1543

Re: Jeremiah B. says to buy gold and silver

Hello all. I figured I’d ask the bogleheads on this issue. I was watching Jeremiah Babe on YouTube and he was saying that we will see hyperinflation and the dollar loses value and says that the stock market is rigged and we should hedge with gold or silver. As a concerned investor do you think Amer...
by unclescrooge
Sun May 24, 2020 6:26 pm
Forum: Personal Consumer Issues
Topic: Personal spending out of control after Covid-19
Replies: 118
Views: 9187

Re: Personal spending out of control after Covid-19

Less junk food, fast food, sweets and alcohol here. Since I am not out and about, I am not tempted to stop at fast food or grab a poor choice on a gas fill up stop. Since I am ordering most groceries online with pickup, there is not the temptation to grab less healthy choice they intentionally disp...
by unclescrooge
Sun May 24, 2020 6:16 pm
Forum: Investing - Theory, News & General
Topic: Dr. Malkiel: “I believe that investors need to put more China into their portfolios“
Replies: 138
Views: 8784

Re: Dr. Malkiel: “I believe that investors need to put more China into their portfolios“

All of the China-hating on Bogleheads makes me happy, in a way. It keeps the risk premium, and expected returns, Hugh for the rest of us. You've used varying hypothetical illustrations of vehicles that could have been used to invest in China. What actual funds or CEFs or ETFs do you use for your pe...
by unclescrooge
Sun May 24, 2020 6:06 pm
Forum: Investing - Theory, News & General
Topic: Dr. Malkiel: “I believe that investors need to put more China into their portfolios“
Replies: 138
Views: 8784

Re: Dr. Malkiel: “I believe that investors need to put more China into their portfolios“

Chinese companies also have a high debt load. From: https://www.bloomberg.com/news/articles/2020-03-29/china-s-corporate-deleveraging-campaign-may-be-set-back-by-years China’s nonfinancial corporate debt accounted for 156.7% of the country’s gross domestic product as of the third quarter of last ye...
by unclescrooge
Sun May 24, 2020 12:14 pm
Forum: Personal Consumer Issues
Topic: Personal spending out of control after Covid-19
Replies: 118
Views: 9187

Re: Personal spending out of control after Covid-19

Less junk food, fast food, sweets and alcohol here. Since I am not out and about, I am not tempted to stop at fast food or grab a poor choice on a gas fill up stop. Since I am ordering most groceries online with pickup, there is not the temptation to grab less healthy choice they intentionally disp...
by unclescrooge
Sun May 24, 2020 12:01 pm
Forum: Investing - Theory, News & General
Topic: S&P500 vs World Performance
Replies: 149
Views: 9493

Re: S&P500 vs World Performance

Isn’t American outperformance mostly down to FAANG? Who knows where the next FAANG will originate? I mean, in the next few decades we’ll probably have self driving flying cars, cures for lots of incurable diseases, amazing new green technology. I’d rather cast my net wide. It’s an easier decision f...
by unclescrooge
Sun May 24, 2020 4:42 am
Forum: Personal Finance (Not Investing)
Topic: Refinance appraisal issue
Replies: 14
Views: 893

Re: Refinance appraisal issue

The same thing happened to me 4 years ago. I gave the bank a spreadsheet with sales information in a couple of miles radius.

I listed sale price per square foot and I noted why certain houses should be excluded (bad location, bad condition).

The bank accepted this and increased the valuation.
by unclescrooge
Sat May 23, 2020 5:44 pm
Forum: Investing - Theory, News & General
Topic: REITs in a world of WFH + social distancing
Replies: 27
Views: 1962

Re: REITs in a world of WFH + social distancing

What thoughts do people have about the future of REIT properties in a world where major corporations (Facebook, Twitter) are anticipating indefinite work from home arrangements and greatly reduced office occupancy. I guess the occupancy defined by the tenant doesn't change the cost of the lease, so...
by unclescrooge
Sat May 23, 2020 5:42 pm
Forum: Investing - Theory, News & General
Topic: REITs in a world of WFH + social distancing
Replies: 27
Views: 1962

Re: REITs in a world of WFH + social distancing

as someone who has a large REIT allocation i've also thought about this a lot. in the end, i'm staying the course. here's what i'm thinking. 1) as others have mentioned, REITs is more than just office space. all the people who WFH will continue to buy stuff, and all that stuff needs to be stored so...
by unclescrooge
Sat May 23, 2020 5:40 pm
Forum: Personal Consumer Issues
Topic: Personal spending out of control after Covid-19
Replies: 118
Views: 9187

Re: Personal spending out of control after Covid-19

You don't need to spend a lot to drink good stuff. I find Wild Turkey 101 to be a value bourbon. I don't bring it out for the company, but it's what I reach for most of the time. And for mixed drinks, I prefer Everclear over clear rum or especially vodka. It's basically 2.5x alcohol for the same mo...
by unclescrooge
Sat May 23, 2020 5:37 pm
Forum: Personal Consumer Issues
Topic: Personal spending out of control after Covid-19
Replies: 118
Views: 9187

Re: Personal spending out of control after Covid-19

Hey me too and I suspect many other people with the drinking more and spending more shopping online. OK, I buy cheap stuff and you buy expensive stuff. You probably drink better wine than I do too . So the answer is yes I have seen my health habits slip and I am spending more online but less overal...
by unclescrooge
Sat May 23, 2020 4:25 pm
Forum: Personal Consumer Issues
Topic: Personal spending out of control after Covid-19
Replies: 118
Views: 9187

Re: Personal spending out of control after Covid-19

Since the pandemic erupted, and the kids have been home alone with me while my wife goes off to work, I find I'm drinking more and spending more time shopping online. In the past month, I've spent a ridiculous amount of money replacing a tree that had been bothering me since we moved into the house...
by unclescrooge
Sat May 23, 2020 3:57 pm
Forum: Personal Consumer Issues
Topic: Personal spending out of control after Covid-19
Replies: 118
Views: 9187

Re: Personal spending out of control after Covid-19

Sorry couldn't help it. The idea of Uncle "Scrooge" talking about "out of control spending" is just too funny :-) Anakin I abandoned my frugal ways when I decided to have kids. Those two ideas are incompatible. The amount I spend on daycare for each kid is more than my first mortgage. From there, i...
by unclescrooge
Sat May 23, 2020 3:51 pm
Forum: Personal Consumer Issues
Topic: Personal spending out of control after Covid-19
Replies: 118
Views: 9187

Re: Personal spending out of control after Covid-19

We are putting off some home improvements due to the uncertainty of our employment situation. We've been spending more on groceries and less on eating out. I enjoy being outside, so I am spending more on gardening. I'm indulging baking. Overall I let my diet slip. I'm trying to combat that by buyin...
by unclescrooge
Sat May 23, 2020 3:36 pm
Forum: Personal Consumer Issues
Topic: Personal spending out of control after Covid-19
Replies: 118
Views: 9187

Re: Personal spending out of control after Covid-19

jebmke wrote:
Sat May 23, 2020 3:27 pm
unclescrooge wrote:
Sat May 23, 2020 3:03 pm
Kids are 3 and 5.
Surprised they like ghost pepper chips.
LOL, no those are for me. I figured if I was going to eat chips I might as well eat the ones I like.
by unclescrooge
Sat May 23, 2020 3:09 pm
Forum: Personal Consumer Issues
Topic: Personal spending out of control after Covid-19
Replies: 118
Views: 9187

Re: Personal spending out of control after Covid-19

Going to a Crepe Myrtle is an interesting choice as that tree is super super super messy. Sorry, but this doesn't bode well. :shock: Be prepared for plenty of raking and clean-up. I have two jacarandas in the front yard and I'm okay with that level of mess. If you think a crepe myrtle is messy, you...
by unclescrooge
Sat May 23, 2020 3:03 pm
Forum: Personal Consumer Issues
Topic: Personal spending out of control after Covid-19
Replies: 118
Views: 9187

Re: Personal spending out of control after Covid-19

How old are the kids? I have co-workers who are trying to juggle professional work duties with caring for multiple children under the age of 6. They are frazzled and burning the candle at both ends. I empathize as best I can but to be honest I don't have much to offer them in the way of suggestions...
by unclescrooge
Sat May 23, 2020 3:00 pm
Forum: Personal Consumer Issues
Topic: Personal spending out of control after Covid-19
Replies: 118
Views: 9187

Re: Personal spending out of control after Covid-19

They call it covid 19 because everyone will gain 19 pounds during the quarantine. I found I was eating a lot of junk too, so I threw it all out in the garbage and told my wife not to buy anymore. I am now limited to pumpkin seeds only for a snack. I’m also thinking of putting a lock on the fridge b...
by unclescrooge
Sat May 23, 2020 2:54 pm
Forum: Personal Consumer Issues
Topic: Personal spending out of control after Covid-19
Replies: 118
Views: 9187

Re: Personal spending out of control after Covid-19

I find I'm drinking more... A recent newspaper article stated that sales of alcohol in my area are up about 60% since the beginning of March. Living about a mile from a state liquor store, based upon the parking lot and lines to get inside the store, I would not be surprised if it is even more than...
by unclescrooge
Sat May 23, 2020 2:52 pm
Forum: Personal Consumer Issues
Topic: Personal spending out of control after Covid-19
Replies: 118
Views: 9187

Re: Personal spending out of control after Covid-19

Well it is good of you to admit what is going on that is the first step. I don't quite believe all the perfectly healthy, happy bogleheads on here. Apparently everyone is a pro athlete, have $4 million, expert market timers and perfect buy and hold investors at the same time, have perfect lawns tha...
by unclescrooge
Sat May 23, 2020 2:36 pm
Forum: Personal Consumer Issues
Topic: Personal spending out of control after Covid-19
Replies: 118
Views: 9187

Re: Personal spending out of control after Covid-19

Since the pandemic erupted, and the kids have been home alone with me while my wife goes off to work, I find I'm drinking more and spending more time shopping online. In the past month, I've spent a ridiculous amount of money replacing a tree that had been bothering me since we moved into the house...
by unclescrooge
Sat May 23, 2020 2:35 pm
Forum: Personal Consumer Issues
Topic: Personal spending out of control after Covid-19
Replies: 118
Views: 9187

Re: Personal spending out of control after Covid-19

I was on my way to the "Quarantine 15". I'm not a runner (knees) and don't have room for an indoor bike/elliptical. Gym remains closed and probably won't go back after they open. I decided to re-calibrate my Apple Watch fitness goals and I'm somewhere between sedentary and active by taking a 30 min...
by unclescrooge
Sat May 23, 2020 2:27 pm
Forum: Personal Consumer Issues
Topic: Personal spending out of control after Covid-19
Replies: 118
Views: 9187

Re: Personal spending out of control after Covid-19

Ennui--a feeling of being bored and mentally tired caused by having nothing interesting or exciting to do. (Cambridge English Dictionary) This is a pervasive consequence of the current situation. Eating badly and spending are stimulating, and drinking more is also common. Melancholia is another des...
by unclescrooge
Sat May 23, 2020 2:20 pm
Forum: Personal Consumer Issues
Topic: Personal spending out of control after Covid-19
Replies: 118
Views: 9187

Re: Personal spending out of control after Covid-19

Just start setting limits. I’ve been drinking every day too … but I keep it to one craft cocktail. I’ve been spending more money on home improvement too … but I stick to a budget. I’ve been eating more junk food too … but I’ve also been exercising like mad so it hasn’t had any effect. Just moderate...
by unclescrooge
Sat May 23, 2020 1:52 pm
Forum: Personal Consumer Issues
Topic: Personal spending out of control after Covid-19
Replies: 118
Views: 9187

Re: Personal spending out of control after Covid-19

You sound depressed, frankly. Have you sought professional support for that? Other than that, all you can do is make a concerted effort to have a healthy routine. Good, yummy foods at the table, regular movement. Those feel good routines can even help with impulse control. You don't say what age th...
by unclescrooge
Sat May 23, 2020 1:42 pm
Forum: Personal Consumer Issues
Topic: Personal spending out of control after Covid-19
Replies: 118
Views: 9187

Re: Personal spending out of control after Covid-19

We don't allow junk food in the house. But that might be tricky for you with kids in the house. Agreed. The best way to avoid eating chips and ice cream is to not buy chips and ice cream. OP, I wonder if there are any positive stress relief habits you could try to replace these negative stress reli...
by unclescrooge
Sat May 23, 2020 10:27 am
Forum: Personal Consumer Issues
Topic: Personal spending out of control after Covid-19
Replies: 118
Views: 9187

Personal spending out of control after Covid-19

Since the pandemic erupted, and the kids have been home alone with me while my wife goes off to work, I find I'm drinking more and spending more time shopping online. In the past month, I've spent a ridiculous amount of money replacing a tree that had been bothering me since we moved into the house....
by unclescrooge
Sat May 23, 2020 9:53 am
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 63071

Re: So bottom is probably behind us....right?

You seem to be confusing "facts" and "numbers" with "opinions". Best of luck to you as well. Yea but they saw it coming in jan so now they’re an oracle. It’s a lucky market timer’s swan song we’ve seen many times before. They get it right once and then think it is skill rather than luck and get it ...
by unclescrooge
Sat May 23, 2020 9:50 am
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 63071

Re: So bottom is probably behind us....right?

I found the following trio of messages above amusing. Paraphrasing: -The virus will return worse in the fall. -That is already priced in. -How do you know it will be returning worse in the fall? So one person is certain it’s coming back, and that is the basis for future stock market shocks ahead. T...
by unclescrooge
Sat May 23, 2020 9:43 am
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 63071

Re: So bottom is probably behind us....right?

We are in a depression...and it might get worse. By the way, comparing what we are currently experiencing to a depression, I think is incredibly insulting to people who have actually had to live through a depression, either in the US, or in other countries that have experienced actual depressions i...
by unclescrooge
Sat May 23, 2020 9:40 am
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 63071

Re: So bottom is probably behind us....right?

We are in a depression...and it might get worse. By the way, comparing what we are currently experiencing to a depression, I think is incredibly insulting to people who have actually had to live through a depression, either in the US, or in other countries that have experienced actual depressions i...
by unclescrooge
Sat May 23, 2020 9:31 am
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 63071

Re: So bottom is probably behind us....right?

The bottom is always revealed in hindsight. We invest with foresight. The bear case seems to be always the smarter, more compelling, more insightful and best argued compared with the bullish case. Markets are complex discounting systems that are counter-intuitive. The best investments are always wh...
by unclescrooge
Fri May 22, 2020 9:18 am
Forum: Personal Investments
Topic: Selling Commercial Property - Opportunity Zone Make Sense?
Replies: 4
Views: 322

Re: Selling Commercial Property - Opportunity Zone Make Sense?

I am not a CPA, but here is my opinion. Capital gains is due on the profit, or sale price less costs minus original purchase price. Additionally, depreciation recapture is taxed at 25%. For commercial buildings, depreciation is taken over 39 years. If they have only owned it for 30 years, how did th...
by unclescrooge
Wed May 20, 2020 6:26 pm
Forum: Personal Consumer Issues
Topic: Engagement Ring Help
Replies: 68
Views: 2921

Re: Engagement Ring Help

Diamonds are an almost-commodity for a given grade, meaning aside from paying for specially branded diamonds (such as hearts on fire), the cost by grade/certifier should be similar across most channels. You'll be reading about the 4 C's: Color (go gauge for yourself how this looks - everyone is dif...
by unclescrooge
Tue May 19, 2020 7:52 am
Forum: Personal Investments
Topic: Why international?
Replies: 636
Views: 40729

Re: Why international?

"MSCI will raise the inclusion factor[2] of Chinese A-shares in its global equity indices in three stages, from 5% currently to 20%." Seems to be an arbitrary allocation. China was lobbying for greater inclusion. Looks like it succeeded. That doesn't remotely mean that Chinese stocks represent 20% ...
by unclescrooge
Fri May 15, 2020 10:50 pm
Forum: Personal Investments
Topic: Why international?
Replies: 636
Views: 40729

Re: Why international?

China is under represented in global indicies. On what basis do you believe that to be so? https://investors-corner.bnpparibas-am.com/investing/chinese-equities-global-indices/ I don't see anything in that piece to indicate that Chinese stock should represent more than about 5% of global market cap...
by unclescrooge
Fri May 15, 2020 10:37 pm
Forum: Personal Investments
Topic: Why international?
Replies: 636
Views: 40729

Re: Why international?

willthrill81 wrote:
Fri May 15, 2020 2:30 pm
unclescrooge wrote:
Fri May 15, 2020 10:24 am
China is under represented in global indicies.
On what basis do you believe that to be so?
https://investors-corner.bnpparibas-am. ... l-indices/
by unclescrooge
Fri May 15, 2020 10:24 am
Forum: Personal Investments
Topic: Why international?
Replies: 636
Views: 40729

Re: Why international?

Try plotting this against CXSE. I would, but I'm on a smart phone and it's a pain to post an image. How many U.S. investors have a big stake in Chinese stocks? I certainly wouldn't. So you would deliberately ignore one of the largest economies in the world? That would be an active investment strate...
by unclescrooge
Thu May 14, 2020 8:50 pm
Forum: Personal Consumer Issues
Topic: Moving Furniture Yourself
Replies: 40
Views: 2929

Re: Moving Furniture Yourself

Dottie57 wrote:
Thu May 14, 2020 5:00 pm
willthrill81 wrote:
Sat Feb 22, 2020 11:05 am
I also recommend furniture sliders.
+1
I suggest getting 4 tri dollies.
by unclescrooge
Thu May 14, 2020 8:33 pm
Forum: Personal Investments
Topic: Why international?
Replies: 636
Views: 40729

Re: Why international?

How much diversification benefit is international stock providing to U.S. investors right now? TLDR: basically none. https://i.imgur.com/YCvIhop.png?1 Try plotting this against CXSE. I would, but I'm on a smart phone and it's a pain to post an image. How many U.S. investors have a big stake in Chin...
by unclescrooge
Thu May 14, 2020 1:33 pm
Forum: Personal Investments
Topic: Why international?
Replies: 636
Views: 40729

Re: Why international?

willthrill81 wrote:
Sun Mar 08, 2020 10:48 pm
How much diversification benefit is international stock providing to U.S. investors right now?

TLDR: basically none.

Image
Try plotting this against CXSE.

I would, but I'm on a smart phone and it's a pain to post an image.