Search found 582 matches

by michaelsieg
Fri Dec 25, 2020 1:35 am
Forum: Personal Investments
Topic: How to co-purchase property for investment?
Replies: 8
Views: 1096

Re: How to co-purchase property for investment?

I would do a multi owner LLC. You will have to file a separate tax return for a multi owner LLC.
by michaelsieg
Thu Oct 22, 2020 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff rental mortgages?
Replies: 46
Views: 2566

Re: Payoff rental mortgages?

I am not sure that selling the properties is the right answer, the 1% rule is really a rule of thumb and if you are below that but still have a nice positive cash flow there is no reason to incur transaction costs, which usually the seller has to bear at the time of the property sale. Looking at my ...
by michaelsieg
Thu Jun 18, 2020 9:32 pm
Forum: Personal Consumer Issues
Topic: Sellers agent not letting me view property without preapproval or "proof of finances"
Replies: 189
Views: 10817

Re: Sellers agent not letting me view property without preapproval or "proof of finances"

I have not read the entire thread, but we recently put our home on the market and did something similar.. We are a family with kids and we were concerned about the safety of having strangers walk through our home during the covid-19 pandemic. Also, our real estate agent said that she noticed that ma...
by michaelsieg
Fri May 01, 2020 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Who owns the IP - School or Me?
Replies: 23
Views: 2629

Re: Who owns the IP - School or Me?

Most of what matters has been said by other posters. You have to distinguish between having an idea/a plan or a concept that you think is an invention that might change /improve/introduce new technology versus owning actual intellectual property. To own intellectual property you have to file a paten...
by michaelsieg
Thu Mar 05, 2020 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: weird thing about applying for an Amex credit card
Replies: 24
Views: 2488

Re: weird thing about applying for an Amex credit card

What's also amazing is that AmEx gives the 6% on purchases at Aldi, which really reduces our grocery bill.
by michaelsieg
Sat Jan 25, 2020 6:49 pm
Forum: US Chapters
Topic: Happy Birthday Taylor! 96 years young!
Replies: 139
Views: 5040

Re: Happy Birthday Taylor! 96 years young!

Happy birthday Taylor! It was great to meet you at the Bogleheads conference a few years ago!
Thank you for all you do and have done!
Michael
by michaelsieg
Tue Jan 14, 2020 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Daycare Provider Wants to Charge $20/week for Receipt
Replies: 145
Views: 10031

Re: Daycare Provider Wants to Charge $20/week for Receipt

It sounds like you need about 31 weeks to get to the $5000 spending . After a few months, you ask for one receipt for all your payments - my dependent care administrator is very picky and we have to give all of the above mentioned information, otherwise they don't pay us back. So make sure she has a...
by michaelsieg
Sun Jan 12, 2020 12:43 am
Forum: Investing - Theory, News & General
Topic: A Returns Spreadsheet for Bogleheads
Replies: 374
Views: 88610

Re: A Returns Spreadsheet for Bogleheads

Thank you longinvest - I really appreciate it ! I will enter it this way - curious to see what the return will be.
by michaelsieg
Sat Jan 11, 2020 11:33 am
Forum: Investing - Theory, News & General
Topic: A Returns Spreadsheet for Bogleheads
Replies: 374
Views: 88610

Re: A Returns Spreadsheet for Bogleheads

Dear longinvest, Thanks again for your spreadsheet, I update it monthly and it has really helped looking at the returns across all our accounts and thanks for refining it over time! I am trying to include our direct real estate returns with your spreadsheet and I am not sure how to do it. 3 years ag...
by michaelsieg
Fri Jan 03, 2020 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Determine real rate of return efficiently in Excel
Replies: 7
Views: 725

Re: Determine real rate of return efficiently in Excel

I agree that the CPI normalization for each transaction is probably more precise. But it is always good to check/control the results as complex spreadsheet operations (at least in my hands) can sometimes be off and it can be difficult to figure out where the error is. To check if your complex calcul...
by michaelsieg
Thu Jan 02, 2020 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Determine real rate of return efficiently in Excel
Replies: 7
Views: 725

Re: Determine real rate of return efficiently in Excel

Thanks ace golfer - I forgot to mention how I calculate the real return using the spreadsheet, which is not as accurate as your method. I simply use the formula: real return = ((1 + nominal return) / (1 + inflation)) - 1.  and then calculate it once a year using the spreadsheet - obviously not as pr...
by michaelsieg
Thu Jan 02, 2020 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Determine real rate of return efficiently in Excel
Replies: 7
Views: 725

Re: Determine real rate of return efficiently in Excel

I use Longinvest's spreadsheet going back for 5 years now. It is an Excel spreadsheet, which calculates the annual compound return as well as the time weighted annual return. I have the data going back to 2014 entered in it and it helps for our situation, as we get the monthly returns across several...
by michaelsieg
Wed Jan 01, 2020 7:57 pm
Forum: Investing - Theory, News & General
Topic: roth 403b question
Replies: 4
Views: 322

Re: roth 403b question

Thank you! Appreciate your help!
by michaelsieg
Tue Dec 31, 2019 9:22 pm
Forum: Investing - Theory, News & General
Topic: roth 403b question
Replies: 4
Views: 322

Re: roth 403b question

Thank you so much StoopieHippo - come to find out that the new employer's plan is a 401k plan with a matching contribution- sorry for giving incorrect information. So the question is: can I max out a 403b roth plan with my current employer and then when (and if) I switch employers later next year, c...
by michaelsieg
Tue Dec 31, 2019 8:39 pm
Forum: Investing - Theory, News & General
Topic: roth 403b question
Replies: 4
Views: 322

roth 403b question

I am considering switching my employer later this coming year, but I have not made the final decision at this point. In the past, I have been maxing out my current employer's 403b pretax contributions. Unfortunately, currently there is no employer match. But my current employer also offers a 403b ro...
by michaelsieg
Sat Dec 14, 2019 3:53 pm
Forum: Personal Consumer Issues
Topic: Furnish washer in rental house?
Replies: 14
Views: 1354

Re: Furnish washer in rental house?

I also supply the W/D with my rentals. $200 is a low ball offer that might backfire if your tenants are angry/unhappy when they leave - I would ask them what they paid and make a fair offer - I recently bought a W/D to replace a broken one at a unit - I bought it new at Lowe's with an included exten...
by michaelsieg
Mon Nov 18, 2019 10:30 pm
Forum: Personal Investments
Topic: buying VIX
Replies: 13
Views: 1560

Re: buying VIX

The beauty of doing this is that on the upside you can gain 1000%, but on the down side you can only loose 100% - so the odds are clearly in your favor.... :happy
by michaelsieg
Mon Nov 04, 2019 11:08 pm
Forum: Investing - Theory, News & General
Topic: Vanguard now supports Yubikey 5 and 5C
Replies: 54
Views: 12777

Re: Vanguard now supports Yubikey 5 and 5C

Yes I did, it worked flawlessly.
by michaelsieg
Thu Oct 31, 2019 7:05 pm
Forum: Personal Investments
Topic: Special pension opportunity. Does it make sense?
Replies: 6
Views: 568

Re: Special pension opportunity. Does it make sense?

I just plugged your numbers in immediateannuities.com - If you invested in an annuity now with 44k and you start the payout when you are 65 with no spousal benefit, you would get $417/month or 61% or what your current pension will pay ($676). I would not therefore not go for the payout, it is nice t...
by michaelsieg
Thu Oct 31, 2019 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Email agreement differs from contract. Help with dispute in NY
Replies: 30
Views: 1904

Re: Email agreement differs from contract. Help with dispute in NY

I am sorry to hear that, but I have to be honest, this does not sound good - I doubt that this is a clerical error. I would send your new employer a formal certified letter that there must be an error but that you will not start the job after looking at the coverage/call schedule. Tell them that the...
by michaelsieg
Fri Oct 25, 2019 10:43 pm
Forum: Investing - Theory, News & General
Topic: Vanguard now supports Yubikey 5 and 5C
Replies: 54
Views: 12777

Re: Vanguard now supports Yubikey 5 and 5C

I would recommend that you purchase either the YubiKey 5C or the YubiKey 5C Nano.
I got the YubiKey 5 NFC , so I can also use it with my iphone. As mentioned above, it works well on the mac, have not yet tried the phone log in with the key.
by michaelsieg
Fri Oct 25, 2019 10:38 pm
Forum: Personal Investments
Topic: Extend Duration from Zero (G Fund) to Intermediate Term (G Fund/LT Treasury ETF)?
Replies: 9
Views: 987

Re: Extend Duration from Zero (G Fund) to Intermediate Term (G Fund/LT Treasury ETF)?

I also think that the term risk you are considering is not worth the additional yield at this time. Just about a year ago, it would have been worth considering, with intermediates yielding more than 3%. Obviously I have no idea which way interest rates will go but there have been fairly large moveme...
by michaelsieg
Tue Oct 22, 2019 3:05 pm
Forum: Investing - Theory, News & General
Topic: Vanguard now supports Yubikey 5 and 5C
Replies: 54
Views: 12777

Re: Vanguard now supports Yubikey 5 and 5C

I have a Mac that is about 4 years old and just activated my yubikey 5 on the VG website with no problems using google chrome for mac.
by michaelsieg
Thu Sep 05, 2019 9:38 pm
Forum: Personal Investments
Topic: ABMD (Abiomed) Stay or cut losses?
Replies: 7
Views: 695

Re: ABMD (Abiomed) Stay or cut losses?

They were one of the best performers in 2018 with the stock price more than 100% up and now the price is back to where they started in 2018. You definitely bought the stock near it's peak after a remarkable run over several years. I don't hold individual stocks, and don't think one should buy indivi...
by michaelsieg
Sat Jul 13, 2019 8:21 pm
Forum: Personal Investments
Topic: Pick one: $135,000 rental property or $110,000 in REITs
Replies: 89
Views: 12670

Re: Pick one: $135,000 rental property or $110,000 in REITs

Here are the costs: $3,500 - Property Taxes. $1,000 - Insurance. $2,500 - Repairs (some years it is much less, but some years it is more much when big ticket items break). $1,300 - One month of vacancy factored in. $ 800 - Misc. costs such as utilities, supplies, marketing, legal fees, professional...
by michaelsieg
Wed Jul 10, 2019 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to deposit Euros to a US Bank
Replies: 36
Views: 4737

Re: Best way to deposit Euros to a US Bank

I would check out Transferwise, they have an option, which they call "borderless account"where costumers can open multiple currency accounts and apparently the transfer from one to the other account has very low fees. I have only used them to transfer money internationally (have not had a ...
by michaelsieg
Thu Jul 04, 2019 9:40 pm
Forum: Personal Investments
Topic: Pick one: $135,000 rental property or $110,000 in REITs
Replies: 89
Views: 12670

Re: Pick one: $135,000 rental property or $110,000 in REITs

OP, It is impossible to answer your question based on the information. It would be interesting how you calculated the net profit - what is the gross rental income, expenses, do you use a property manager, if so, how much do you pay for that, what are the taxes of the property, insurance, how much de...
by michaelsieg
Sun Jun 02, 2019 9:41 pm
Forum: Non-US Investing
Topic: investing for long term in Switzerland
Replies: 5
Views: 1218

Re: investing for long term in Switzerland

You need to find an online brokerage and then buy Vanguard ETFs or ishares ETFs. The problem with the traditional banking system is, that the fees compared to the US are extremely high - I don't live there anymore, but I heard that there are online brokerages that people use - interactive brokers ha...
by michaelsieg
Mon May 27, 2019 12:22 am
Forum: Personal Finance (Not Investing)
Topic: Invest for kids via LLC
Replies: 29
Views: 2501

Re: Invest for kids via LLC

One comment about taxes: Non-earned income (rental income of the properties) of your kids property gets taxed at the parents tax rate (kiddie tax rules), so there is no tax savings if you do what you intend to do. I am not a tax expert but looked into this in the past for my kids. Also, if you make ...
by michaelsieg
Sun May 19, 2019 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Now or One More Year?
Replies: 40
Views: 5053

Re: Now or One More Year?

jdv01 Thanks for this interesting post - good luck with whatever you ultimately decide to do. One thing you should consider is the sequence of returns risk - early in retirement you are the most vulnerable. With a 100% equity allocation and the need to draw from your portfolio early in retirement un...
by michaelsieg
Wed Mar 27, 2019 10:37 pm
Forum: Personal Investments
Topic: Debating renting our house after we move (also, financial assessment?)
Replies: 14
Views: 1076

Re: Debating renting our house after we move (also, financial assessment?)

Like any rental property, you should run the numbers, write them down. What are the cost of insurance, taxes mortgage payments. Biggerpockets has an online calculator you can use. I like to factor in the tenant turnover and repairs as well. Just as an "eyeball number", your monthly rent is...
by michaelsieg
Tue Mar 12, 2019 10:34 pm
Forum: Personal Investments
Topic: Investment property
Replies: 16
Views: 1228

Re: Investment property

The question also is, are there people living in those Condos year round? If yes, what are the rentals going for? If you are not local, the only way that this could work without undue risk would be a long-term tenant, and only if the rent gives you a reasonable return. Property managers for long-ter...
by michaelsieg
Mon Mar 04, 2019 11:22 pm
Forum: Personal Consumer Issues
Topic: Retirement in Switzerland
Replies: 53
Views: 5536

Re: Retirement in Switzerland

I am Swiss and live in the US, and plan to do something similar as the OP, live a few months a year in Switzerland in retirement - this is for me also more than 10 years in the future. I think 10 years out is probably too early to make financial plans regarding bank accounts and so on at this point,...
by michaelsieg
Wed Feb 20, 2019 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate / Renting far from Home 3/5 rule
Replies: 10
Views: 1316

Re: Real Estate / Renting far from Home 3/5 rule

I think to give you a good answer, you should give us the numbers. How much of the mortgage payment is principal, how much is interest, HOA fees what is the tenant paying, how many years left on the mortgage and so on. Of course you want, if possible a positive cashflow, but you also have to look at...
by michaelsieg
Wed Jan 16, 2019 11:04 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 63151

Re: John Bogle has died at age 89

Thank you for all you did - may you rest in peace
by michaelsieg
Fri Jan 04, 2019 11:08 pm
Forum: Personal Investments
Topic: HY Muni fund in taxable?
Replies: 11
Views: 1117

Re: HY Muni fund in taxable?

I looked this fund up recently and was curious to see how it performed during the last financial crisis. I found it interesting that it had much less of a drop than LQD (An investment grade corporate etf) during the sell-off. I was expecting the opposite due to the lower credit quality. Happy New Ye...
by michaelsieg
Tue Oct 23, 2018 5:03 pm
Forum: Personal Investments
Topic: Berkshire A Paper stock certificate
Replies: 14
Views: 1954

Re: Berkshire A Paper stock certificate

If the owner has dementia, he probably can't really make a decision that this one son should get the proceeds from the shares. If there are other potential heirs such as siblings, this could be contested in court and become really messy...the only thing this son could reasonably do is to get the sha...
by michaelsieg
Thu Sep 27, 2018 9:58 pm
Forum: Investing - Theory, News & General
Topic: My CAPE10 based IPS
Replies: 103
Views: 7371

Re: My CAPE10 based IPS

It is interesting, that in portfoliovisualizer, the Schiler PE market timing strategy looks better than the static 60/40, maybe it is due to the starting date, it goes back to 1985: https://www.portfoliovisualizer.com/test-market-timing-model#analysisResults I hope the link works, otherwise, if not,...
by michaelsieg
Sun Sep 23, 2018 2:47 pm
Forum: Investing - Theory, News & General
Topic: My CAPE10 based IPS
Replies: 103
Views: 7371

Re: My CAPE10 based IPS

Thanks for posting letsgobobby, Schiller PE10 is now about 33, does that mean that you are 40% equities and 60% bonds? How much of your equity is international now, with lower valuations in international markets - are you now at 75% international of your equities? I don't agree that making some shif...
by michaelsieg
Mon Aug 27, 2018 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Honda Odyssey Ex-L - new or certified used?
Replies: 35
Views: 3256

Re: Honda Odyssey Ex-L - new or certified used?

2k to 3k too much Okie 77, you kind of proved that driving off the lot with a new car does not make you loose thousands when you drive off the lot. Obviously, everyone can decide what they want to do, but the equation is not as straight forward as you say, 2-3 k less for a car that is 2 years old c...
by michaelsieg
Sun Aug 26, 2018 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Honda Odyssey Ex-L - new or certified used?
Replies: 35
Views: 3256

Re: Honda Odyssey Ex-L - new or certified used?

I would never buy new. You'll lose thousands the second you drive off the lot. That might be true for high end luxury cars, but is not the case for the Honda models I looked at. 2-3 year old used ones with 20-40k miles cost 3-5k less than a new one, it truly is remarkable how little the value drops...
by michaelsieg
Sat Aug 11, 2018 9:25 pm
Forum: Personal Consumer Issues
Topic: Dublin, Where to stay?
Replies: 14
Views: 1504

Re: Dublin, Where to stay?

I don't know, but I know from Taylor Larmimore, that there are may roads to Dublin.... :happy
by michaelsieg
Sat Aug 11, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: 2018/19 Honda Odyssey - which trim level?
Replies: 15
Views: 1492

Re: 2018/19 Honda Odyssey - which trim level?

Our Odyssey is now 11 year old, I think it is an EX-L, and we also need to get a new one soon. I agree that it depends a bit on the age of the kids, with little ones the DVD system might be more important, but we still use it with our teenagers. For us, the DVD/entertainment system has been one of t...
by michaelsieg
Sat Jul 14, 2018 12:11 am
Forum: Investing - Theory, News & General
Topic: Direct Real Estate Returns
Replies: 361
Views: 20370

Re: Direct Real Estate Returns

Wildbill wrote; You include “principal paydown by tenant” as part of your return, but that is false. You pay the mortgage. The tenant pays you rent. You are double counting. Wildbill, I agree that the mortgage is negative cashflow, but if you look at total return, I really think that you have to cou...
by michaelsieg
Thu Jul 12, 2018 11:22 pm
Forum: Investing - Theory, News & General
Topic: Real Estate Investment: Yay or Nay?
Replies: 34
Views: 3947

Re: Real Estate Investment: Yay or Nay?

I also don't think you should go for this, the only way that this could work as an investment if you expect capital appreciation, let's say there is massive gentrification going on in the neighborhood of the rental property and you expect that the value will significantly increase over then next few...
by michaelsieg
Tue May 08, 2018 9:16 pm
Forum: Investing - Theory, News & General
Topic: Happy 89th birthday to [Jack] Bogle
Replies: 44
Views: 4131

Re: Happy 89th birthday to Bogle

Happy Birthday Mr. Bogle and many more to come! Thanks for all you do and all you have done
Michael
by michaelsieg
Mon Mar 19, 2018 10:03 pm
Forum: Investing - Theory, News & General
Topic: The Single Greatest Predictor of Future Stock Market Returns
Replies: 98
Views: 21806

Re: The Single Greatest Predictor of Future Stock Market Returns

Interesting concept, thanks for reviving this thread. I had not heard about this metric before. Unfortunately the link to the original article does not seem work anymore, it would be interesting to read it.
by michaelsieg
Fri Mar 16, 2018 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Need Advice Rental Property -- Rent not covering PITI
Replies: 18
Views: 2156

Re: Need Advice Rental Property -- Rent not covering PITI

It really depends on what your mid- and long-term plans are. If you move back to the area within 2-3 years, the decision would be different than if you are sure you are never going to live there anymore, in which case I would sell. We had a similar situation, when our family moved in the middle of t...