Search found 552 matches

by michaelsieg
Sun May 19, 2019 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Now or One More Year?
Replies: 36
Views: 4210

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: 855

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 less than...
by michaelsieg
Tue Mar 12, 2019 10:34 pm
Forum: Personal Investments
Topic: Investment property
Replies: 16
Views: 1064

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: 4809

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: 1148

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: 50841

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: 889

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: 1635

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: 6499

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: 6499

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: 2660

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: 2660

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: 1412

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: 1252

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: 18523

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: 3719

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: 3348

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: 40
Views: 10737

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: 1986

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...
by michaelsieg
Sun Feb 25, 2018 11:34 pm
Forum: Investing - Theory, News & General
Topic: Blasphemy... DO PEEK!
Replies: 100
Views: 10922

Re: Blasphemy... DO PEEK!

Thanks for posting Siamond - I like the article and the website is also interesting. Another thing that I found interesting in the article was the fact that in the last 30 years 10% corrections occur more than 2.3 times per year on average and 20% corrections about 0.7 times per year. That is more t...
by michaelsieg
Fri Feb 23, 2018 7:16 am
Forum: Investing - Theory, News & General
Topic: Terminology question: what does "losing money" mean?
Replies: 71
Views: 4006

Re: Terminology question: what does "losing money" mean?

This discussion raises an interesting point about how one should measure one's portfolio return and progress. I use Longinvest's excel spreadsheet and entered the data going back to early 2015, but I have to be honest, I have not adjusted for inflation when looking at the returns. Is anyone deductin...
by michaelsieg
Thu Feb 22, 2018 11:59 pm
Forum: Investing - Theory, News & General
Topic: What seems to matter
Replies: 25
Views: 4294

Re: What seems to matter

Thanks for posting Robert. Really appreciate your input to the forum.
by michaelsieg
Thu Feb 01, 2018 11:47 pm
Forum: Personal Investments
Topic: Do you see any issues with my investment policy statement?
Replies: 13
Views: 1121

Re: Do you see any issues with my investment policy statement?

I like that you are doing an IPS, I wish I had done that at your age.... I think in your age the savings rate is of paramount importance, probably more important than your AA when you start and I would specify how much you want to save and I personally wrote down that I pay myself first with each pa...
by michaelsieg
Mon Jan 15, 2018 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Sell or Keep a rental condo
Replies: 36
Views: 3089

Re: Sell or Keep a rental condo

Between my wife and I we make appx $135k gross salaries. The renal income could push into a higher tax bracket over time. I would say a higher tax bracket is a good thing, as it means you earn more :happy - Don't forget, your income will still be taxed at the same rate, the higher rate just applies...
by michaelsieg
Sat Jan 13, 2018 12:32 am
Forum: Personal Finance (Not Investing)
Topic: Sell or Keep a rental condo
Replies: 36
Views: 3089

Re: Sell or Keep a rental condo

On a 55k investment in 2010, you have been netting about 10.5k income /year for the past 7 years. I would look at this as an investment that creates cashflow, which has no correlation or very little correlation with equity markets. To be honest with you, I can't think of a better investment generati...
by michaelsieg
Wed Jan 10, 2018 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to "call in rich"?
Replies: 75
Views: 13525

Re: Is it time for me to "call in rich"?

Congratulations BH87! What a great achievement. I am not sure that I can give you any good advice, you know very well that your plan to retire is as solid as it can get. What seems important to me is that you prepare for retirement not only financially, but that you have a plan about what you want t...
by michaelsieg
Sat Jan 06, 2018 9:37 am
Forum: Non-US Investing
Topic: As a German: Should I go 100% US stocks?
Replies: 62
Views: 6636

Re: As a German: Should I go 100% US stocks?

Manuel, Something that is different in Germany compared to the US is that many German companies and employers offer traditional defined benefit pension plans. If you are one of the lucky ones who is enrolled in a pension plan, then that should influence your asset allocation between fixed income and...
by michaelsieg
Tue Jan 02, 2018 10:46 pm
Forum: Personal Consumer Issues
Topic: Water filtration system - worth it?
Replies: 37
Views: 4239

Re: Water filtration system - worth it?

We recently installed a Franke system under the kitchen sink, it also has a hot water heater and separate cold water line (both of them go through the filter), and me and my wife drink much more tea since we have it, as the boiling hot water is really there in an instant. The filter apparently is ex...
by michaelsieg
Fri Nov 24, 2017 11:14 pm
Forum: Personal Consumer Issues
Topic: best cordless drill??
Replies: 71
Views: 6465

Re: best cordless drill??

I like the Milwaukee, has a good balance in the hand, but is a bit more pricey than the competitors in the large box stores.
by michaelsieg
Fri Nov 10, 2017 10:59 pm
Forum: Investing - Theory, News & General
Topic: Wes Gray: Do Trend Folowing Managed Futures Increase Safe Withdrawal Rates?
Replies: 14
Views: 1583

Re: Wes Gray: Do Trend Folowing Managed Futures Increase Safe Withdrawal Rates?

Dave,
Thanks for posting this interesting article.
I just looked up the minimums at VG to buy QMHIX, it is 5M. Which brokerage do you use to buy these AQR funds?
Thanks
Michael
by michaelsieg
Sun Jun 18, 2017 10:26 pm
Forum: Personal Investments
Topic: Vanguard High-Yield Corporate Fund Investor Shares VWEHX
Replies: 47
Views: 7633

Re: Vanguard High-Yield Corporate Fund Investor Shares VWEHX

This fund seems to always cause a lot of emotional reactions - for or against it. If this funds is suitable for the mother of the poster depends on many other things that we don't know - I know of many elderly retirees who completely shy away from equity risk and as this fund clearly has equity risk...
by michaelsieg
Sun May 28, 2017 11:27 pm
Forum: Investing - Theory, News & General
Topic: DON'T pay off your mortgage; instead reduce Sequence of Return Risk
Replies: 206
Views: 21431

Re: DON'T pay off your mortgage; instead reduce Sequence of Return Risk

In a high tax bracket, even tax-exempt bond yields may be higher than after-tax mortgage rates, which means that investing in tax-exempt bonds is better than paying down a mortgage. I am in this situation and I am not sure if I completely agree. It comes down to the 100s of threads if people should...
by michaelsieg
Sun May 21, 2017 5:01 pm
Forum: Investing - Theory, News & General
Topic: "Why Value Stocks Have Disappointed"
Replies: 42
Views: 7070

Re: "Why Value Stocks Have Disappointed"

"So, value enthusiasts, rejoice, investing in cheap stocks has not gone the way of John Cleese’s parrot." Thanks for posting Robert, I liked the 2001 quote of Bill Bernstein in the linked article "Of Mines, Farms, Forests, and Impatience": A much more reasonable supposition is that the Nasdaq 100 s...
by michaelsieg
Mon May 08, 2017 10:11 pm
Forum: US Chapters
Topic: HAPPY BIRTHDAY MR. BOGLE: Let's Get The Party Started One Day Early
Replies: 70
Views: 7934

Re: HAPPY BIRTHDAY MR. BOGLE: Let's Get The Party Started One Day Early

Happy Birthday Jack - and thank you for all you have done and all you do!
by michaelsieg
Wed May 03, 2017 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Which High-Yield Online Savings Account Should I Open?
Replies: 72
Views: 14323

Re: Which High-Yield Online Savings Account Should I Open?

I have used the Dollarsavingsdirect savings account for a few years and it has worked well, it is all online, FDIC insured and the money is usually transferred the next day if you need it. I have it linked to my checking account with a different bank. No minimums. Have no relationship with them, but...
by michaelsieg
Sat Apr 29, 2017 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Which High-Yield Online Savings Account Should I Open?
Replies: 72
Views: 14323

Re: Which High-Yield Online Savings Account Should I Open?

Dollarsavingsdirect has a 1.25% savings account - the rate went up last month
by michaelsieg
Wed Mar 01, 2017 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Why can't I save enough to have decent vacation or restaurant meal
Replies: 125
Views: 14854

Re: Why can't I save enough to have decent vacation or restaurant meal

HCOL areas usually means higher salary.
That is not always true. For instance in medicine, many specialists in HCOLA urban areas often get paid significantly less than in more rural areas.
by michaelsieg
Tue Feb 14, 2017 10:47 pm
Forum: Personal Investments
Topic: Foreign REIT vs. USA REIT?
Replies: 20
Views: 4470

Re: Foreign REIT vs. USA REIT?

I agree with Wolf359 about the asset location. The other issue I see is that your workplace S&P 500 fund has an ER of 0.62 - this raises the ER of your entire portfolio to almost 0.5%. It might be better to get a lower cost market index fund in a different account (assuming this is the cheapest mark...
by michaelsieg
Wed Jan 25, 2017 8:59 pm
Forum: US Chapters
Topic: HAPPY 93RD BIRTHDAY, TAYLOR!
Replies: 199
Views: 15309

Re: HAPPY 93RD BIRTHDAY, TAYLOR!

Happy birthday Taylor!
It was such a pleasure to meet you in person at the last BH conference!
All my best wishes
Michael
by michaelsieg
Sun Dec 11, 2016 9:44 pm
Forum: Personal Consumer Issues
Topic: which pickup truck
Replies: 67
Views: 10648

Re: which pickup truck

It's not considered full sized, but I love my 2017 Ridgeline. The new one does look really nice. I have a 2007 Ridgeline truck and really like it, even though it has limits if you need to do heavy duty towing. I have about 110k miles on it and had no issues. I hope it lasts another 5 years, will pr...
by michaelsieg
Thu Nov 24, 2016 1:40 pm
Forum: Personal Investments
Topic: Bond Market Strategy Now
Replies: 24
Views: 5522

Re: Bond Market Strategy Now

Forgot - Happy Thanksgiving to everyone!
by michaelsieg
Thu Nov 24, 2016 1:39 pm
Forum: Personal Investments
Topic: Bond Market Strategy Now
Replies: 24
Views: 5522

Re: Bond Market Strategy Now

I think it is important that you stick with your AA that you decided in the past. This is especially important in times of volatility. Your bond allocation and duration (to me) looks reasonable. So if your 10/45/45/ bond allocation is off, I would mechanically rebalance to my desired AA. Your alloca...
by michaelsieg
Sat Nov 12, 2016 11:13 pm
Forum: Investing - Theory, News & General
Topic: Why patience and discipline are key to investing, it's temperament not intellect
Replies: 38
Views: 7156

Re: Why patience and discipline are key to investing, it's temperament not intellect

Thanks for posting Larry, The data you present make a strong argument for staying the course. I have a question about the implementation of the portfolios you backtested. You mention to have risk factors in equal parts in your model portfolios (e.g. beta, size value momentum). But when I look at fac...
by michaelsieg
Wed Aug 17, 2016 11:27 pm
Forum: Personal Consumer Issues
Topic: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD
Replies: 69
Views: 7654

Re: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD

Putting aside prohibited medical facts, as a personal consumer issue this is not true. EPIC will flash an alert that the dose exceeds a maximum recommended dose, but these are frequently bypassed with a single click. In fact there are so many alerts on so many issues that behaviorally providers bec...
by michaelsieg
Wed Aug 17, 2016 8:55 pm
Forum: Personal Consumer Issues
Topic: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD
Replies: 69
Views: 7654

Re: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD

I and glad that ultimately all was well. It seems like 2 separate "safety nets" didn't work. I would be surprised if today's EMRs would allow to print out discharge medications, that would lead to an overdose - the big players such as Epic or Centricity essentially don't allow you to write for a too...
by michaelsieg
Wed Aug 17, 2016 8:45 pm
Forum: Personal Investments
Topic: Pension and taxes...
Replies: 8
Views: 1460

Re: Pension and taxes...

There are many threads regarding "lump sum payout" versus a traditional pension on this site. Before you decide what to do, I would read some of them and then do the math carefully. Often, taking the pension is the better value, especially with today's low interest rates ( even if the pension has be...
by michaelsieg
Sun Jul 31, 2016 8:28 pm
Forum: Investing - Theory, News & General
Topic: Does anyone else create "mirror" accounts?
Replies: 9
Views: 1711

Re: Does anyone else create "mirror" accounts?

I like longinvest's return spreadsheet, that you can find in the wiki or if you use the google search box on the top of the page. It gives you an internal rate of return across all your accounts and a time weighted return and it is easy to use. It would be easy to set up a separate "mirroring" sprea...
by michaelsieg
Mon Jul 25, 2016 8:59 am
Forum: Personal Investments
Topic: What bond fund do you recommend (VBTIX, VAIPX, PIMCO Stable Income Fund)
Replies: 6
Views: 1267

Re: What bond fund do you recommend (VBTIX, VAIPX, PIMCO Stable Income Fund)

I was trying to find out more information about this fund for you, but I could not find a ticker symbol and the morningstar search box also didn't give any useful results. I think from looking at your link, and looking at the volatility (low), that this is a stable value fund. I would call the retir...