Search found 503 matches

by EddyB
Sat Aug 18, 2018 10:12 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 581
Views: 34158

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

One of Taylor Larimore's favorite sayings is: "When experts disagree it is often because it does not make a foreseeable difference." Steven Dunn's* remarks reinforce this observation (see #8 below), originally found at: http://socialize.morningstar.com/NewSocialize/forums/t/162377.aspx Order of imp...
by EddyB
Sun Aug 12, 2018 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: personal injury lawsuit
Replies: 26
Views: 2417

Re: personal injury lawsuit

My experiences with attorneys regarding lawsuits is that they are interested as long as you give them money upfront and tend to spend down the retainer - then they conclude you do not have a good case. OP, you implied, but did not explicitly state, that this would be a contingency-only representati...
by EddyB
Thu Aug 09, 2018 4:43 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 240
Views: 20153

Re: "Don't Obsess About Expense Ratios"

I don't need customer service. I do everything online, and it's very easy to use Vanguard to do what I do. On the rare occasion that I've needed to contact Vanguard's staff for some reason, they've been fine. That is my experience as well. I have never called VG or Fidelity in over 20 years of acco...
by EddyB
Mon Aug 06, 2018 11:52 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 240
Views: 20153

Re: "Don't Obsess About Expense Ratios"

Savings $400 annually on a million dollar position in VTSAX seems to be right on the edge between maybe making the change and not. There are probably easier ways for most with that large of a position to make/save $400 than by switching from Vanguard to Fidelity. I have had an S&P 500 index fund in...
by EddyB
Thu Jul 26, 2018 3:58 pm
Forum: Investing - Theory, News & General
Topic: Direct Real Estate Returns
Replies: 363
Views: 16238

Re: Direct Real Estate Returns

What made your RE investments go bust? You said you owned some then had to cash flow them from your day job -- then presumably sold all of them? Or do you still have investment property? They didn't, as the nut never exceeded what I could cover from other income, and I viewed those difficulties as ...
by EddyB
Thu Jul 26, 2018 2:17 pm
Forum: Investing - Theory, News & General
Topic: Direct Real Estate Returns
Replies: 363
Views: 16238

Re: Direct Real Estate Returns

And that’s all normal stuff. There’s also never a general economic collapse that leads to slumping demand for housing (locally or generally). There are confident, optimistic people who have been landlording for five years and don’t know that there were people Who felt the same way, with equal justi...
by EddyB
Thu Jul 26, 2018 2:11 pm
Forum: Investing - Theory, News & General
Topic: Direct Real Estate Returns
Replies: 363
Views: 16238

Re: Direct Real Estate Returns

And that’s all normal stuff. There’s also never a general economic collapse that leads to slumping demand for housing (locally or generally). There are confident, optimistic people who have been landlording for five years and don’t know that there were people Who felt the same way, with equal justi...
by EddyB
Thu Jul 26, 2018 1:52 pm
Forum: Investing - Theory, News & General
Topic: Direct Real Estate Returns
Replies: 363
Views: 16238

Re: Direct Real Estate Returns

And that’s all normal stuff. There’s also never a general economic collapse that leads to slumping demand for housing (locally or generally). There are confident, optimistic people who have been landlording for five years and don’t know that there were people Who felt the same way, with equal justi...
by EddyB
Thu Jul 26, 2018 1:17 pm
Forum: Investing - Theory, News & General
Topic: Direct Real Estate Returns
Replies: 363
Views: 16238

Re: Direct Real Estate Returns

That makes perfect sense. It's cash flow vs. net worth. That I can get my head around. Yes, so real estate lets you "extract" more without risking the "nest egg". If you want to frame it in that way. Since equity "nest egg size" must be sufficiently low to guard against volatility or the sequence o...
by EddyB
Wed Jul 25, 2018 11:17 pm
Forum: Personal Consumer Issues
Topic: Son Hurt at Summer Camp
Replies: 65
Views: 7826

Re: Son Hurt at Summer Camp

Your son is entitled to be made whole if someone else injures him, either intentionally or through stupidity. It sounds like stupidity might be at play here. This is exactly the problem. Everyone is entitled these days. And everyone who negligently harms someone wants to be let off the hook.
by EddyB
Wed Jul 25, 2018 11:14 pm
Forum: Investing - Theory, News & General
Topic: If financial markets shut down, temporarily...
Replies: 42
Views: 3024

Re: If financial markets shut down, temporarily...

A functioning US government. A functioning economy. But for one reason or another, the doors to conventional US investment markets are shut for a time. I am not convinced that we’d have a functioning economy if the markets were shut down for more than a couple days. But it might be worth it if it f...
by EddyB
Tue Jul 24, 2018 6:10 pm
Forum: Personal Consumer Issues
Topic: Daughter wants to travel on her own to Montreal
Replies: 105
Views: 6789

Re: Daughter wants to travel on her own to Montreal

I am bothered by the solo part. It is not related to age or gender. I think going with another person or meeting someone there would be fine. I would be bothered even if my 40 year old son were going to Montreal by himself for a period of several days without a companion or a plan to meet a person ...
by EddyB
Tue Jul 17, 2018 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement
Replies: 145
Views: 14129

Re: Early retirement

I retired 2 years ago at 47 and my wife last year at 49. We still have side gigs for about 1 week per month so I guess we are really 75% retired. The days go so quick. We look at each other every night and think where did the day go? We are active and workout most days. We spend 30-40% of the year ...
by EddyB
Sun Jul 15, 2018 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: FireCalc: How big a grain of salt?
Replies: 58
Views: 4714

Re: FireCalc: How big a grain of salt?

OMY and you will be fine, if still fearful than another OMY. OMY. OMY. OMY. OMY. To be honest, if BH could be in trouble by not having enough, imagine what the rest of the country/world would be like. YOLO :sharebeer When you can make the decision (to retire or not), OMY can alleviate many problems...
by EddyB
Fri Jul 13, 2018 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement
Replies: 145
Views: 14129

Re: Early retirement

50-55 is considered early now? Military enlisted can retire with pension at 37, officers with pension at 40. I would consider early retirement 35-40 tops, since there are a lot of entrepreneurs, real estate investors, and online business owners that do it at 25-26. I mean, they do it but of course ...
by EddyB
Wed Jul 11, 2018 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 212
Views: 13555

Re: What are your property taxes?

But if homes go up 10% or whatever in a year(s) why does government spending need to go up by the same amount? This is a criticism of all taxes I can think of (income, capital gains, sales, property). Do you have a better system? I suspect the basic justification is that the more money you make (in...
by EddyB
Thu Jul 05, 2018 11:13 am
Forum: Personal Consumer Issues
Topic: How to tip
Replies: 87
Views: 5627

Re: How to tip

TravelGeek wrote:
Wed Jul 04, 2018 5:00 pm
masonstone wrote:
Wed Jul 04, 2018 4:10 pm
Do you tip a percentage of the whole tab or the pre-tax tab?
Both :) (if I am at home in the state of Oregon)
Same, and when not in Oregon, I look at the pre-tax total, because why would I tip waitstaff better away from home?
by EddyB
Mon Jul 02, 2018 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Affording a $1.8-2M house
Replies: 54
Views: 9369

Re: Affording a $1.8-2M house

ArmchairArchitect wrote:
Mon Jul 02, 2018 7:50 pm
MCOL cities are the sweet spot.
Telecommuting to an HCOL area is pretty sweet.
by EddyB
Mon Jul 02, 2018 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 212
Views: 13555

Re: What are your property taxes?

We pay just under 15k on a 300k house in the Midwest rust-belt area of the country. Most of our property taxes go to the schools. Some jurisdictions have two property taxes - one for general jurisdiction and another for school taxes. I think my county has three property taxes (school, bond servicin...
by EddyB
Thu Jun 28, 2018 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: Stocks vs. rental property
Replies: 101
Views: 10095

Re: Stocks vs. rental property

Its just simple math, though. Indexing is fine, its just a 25-30+ year plan. Not everyone wants to be pigeon holed for that long working a job (or jobs) that may be uncertain, or they may not like. People change. Things change. Health changes. What if they want to train for a triathlon, start a bus...
by EddyB
Thu Jun 28, 2018 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 345
Views: 33870

Re: What is/ was your career and would you recommend it now?

self employed, haven't had a 'boss' since I was 27. No describing the satisfaction of not having someone tell me what to do. theplayer11, I disagreed. In a business, your customer tells you what to do. KlangFool Some people treat it that way, others treat customer requests as requests.
by EddyB
Mon Jun 18, 2018 11:24 am
Forum: Personal Finance (Not Investing)
Topic: can we afford to spend $20K on travel annually
Replies: 89
Views: 7293

Re: can we afford to spend $20K on travel annually

$200,000 for 10 years of vacations is too much, even on your salary. An exotic trip to Africa, Australia, the Far East here and there is fine, but not as a routine. Definitely do enjoy life and travel if you desire. Also, extrapolating to other aspects of your life, make sure you don't have to spen...
by EddyB
Mon Jun 18, 2018 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Why pay cash for a car?
Replies: 248
Views: 30736

Re: Why pay cash for a car?

If the rate is low enough to be attractive, it is being subsidized by the auto maker. If you go all cash, you can get some of that subsidy in the form of a price reduction. This is a very accurate statement. Anything less than a 4% offer on financing from a dealer is “probably” subsidized. I have a...
by EddyB
Mon Jun 18, 2018 9:42 am
Forum: Personal Consumer Issues
Topic: Recommendation for good charging station to charge phones, tablets
Replies: 11
Views: 742

Re: Recommendation for good charging station to charge phones, tablets

I have and like this Anker 5-port USB charger. $24 on Amazon. https://www.amazon.com/gp/product/B00VH958F0/ Edit: But looking now at the Satechi station that TimDix recommends. Looks pretty good. I like how it provides a place to put your devices in an organized manner. If I were doing it over, I'd...
by EddyB
Sun Jun 17, 2018 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: IRA concerns
Replies: 29
Views: 1121

Re: IRA concerns

The transaction fee for buying Vanguard funds at Schwab or Fidelity (somewhere like $60 - $80) is a bargain when you consider the lower ER and when purchasing large amounts, like you would be, is inconsequential. Of course, the transaction fee for these Vanguard funds at Vanguard is $0.00 But yhe S...
by EddyB
Sun Jun 17, 2018 11:28 am
Forum: Investing - Theory, News & General
Topic: A different theoretical view of SWR
Replies: 63
Views: 4077

Re: A different theoretical view of SWR

Well - 3.33% is less than 4% so already very conservative. Do you adjust the withdrawal to account for inflation - or does it stay fixed? Do you recalculate every year? Do I get to take 5% 10 years into my 30 year retirement? Whoa... 2. 3.33% is neither "very conservative" or aggressive. It's just ...
by EddyB
Sun Jun 17, 2018 7:00 am
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 14101

Re: Oh my! Cardone says we need $10m net worth

If we assume made-up taxes, but have to accept bank-account returns, I don’t think $10 million is enough. In those conditions, even the inflation of the 1970s would be crippling, with high nominal interest income getting crushed by taxes while still losing buying power. That makes me think that it’s...
by EddyB
Wed Jun 06, 2018 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Submitting an offer on a home
Replies: 24
Views: 2753

Re: Submitting an offer on a home

Has nothing to do with negotiating terms. The average, no, I'll go further - MOST people a) don't read contracts or b) read them and don't understand them. They see a clause that they don't understand, and skip over it. Or they say to their realtor, "make sure we ask for X". A good lawyer can help ...
by EddyB
Wed Jun 06, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Submitting an offer on a home
Replies: 24
Views: 2753

Re: Submitting an offer on a home

Line up a real estate attorney. Depends on the state law and customs. I guess someone could get a real estate lawyer regardless but in many places it would be very unusual for any lawyers at all to be involved. Based on a little googling, it looks like that in Louisiana, it is usually a title compa...
by EddyB
Sun Jun 03, 2018 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Can a Retired 60 yo MD, MBA Start a Law Career?
Replies: 276
Views: 14364

Re: Can a Retired 60 yo MD, MBA Start a Law Career?

If the OP is an academic in the medical field, I’d say, find a way to transition to wrting on medical-legal issues, and look for a law school career that way (I had a non-lawyer professor in law school, an economist). If not already an academic, I’d say the odds are very long and the payoff very lim...
by EddyB
Sun Jun 03, 2018 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Have $2.5M at 30, career advice needed
Replies: 49
Views: 5505

Re: Have $2.5M at 30, career advice needed

IMO, you are not thinking clearly. Of your $2.5M net worth, $2.0M is from inheritance. I would mentally separate that amount: you did not earn it, you should not count that (yet). I thought he’d already received he inheritance? Why would he not “count it”? Receiving a multi-million dollar inheritan...
by EddyB
Fri Jun 01, 2018 9:29 pm
Forum: Investing - Theory, News & General
Topic: Renting vs Owning Your Home
Replies: 166
Views: 13934

Re: Renting vs Owning Your Home

The only reason someone "needs" a big, expensive, maintenance intensive, high property taxes house is because society indoctrinated into that person's head that it will make them happy, or to house multiple children. It is a little bit of both but moreso the former. I literally wake up in a state o...
by EddyB
Fri Jun 01, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing jobs: bonus vs no bonus
Replies: 26
Views: 1726

Re: Comparing jobs: bonus vs no bonus

Just from my own experience, I would discount the bonus. Assume you only get 75%-80% of the target. I was leaning towards that approach. Thanks. My own experience - unless employer provides you with a written ironclad guarantee of bonus, the term "eligibility" should be treated like a lottery ticke...
by EddyB
Fri Jun 01, 2018 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Comparing jobs: bonus vs no bonus
Replies: 26
Views: 1726

Re: Comparing jobs: bonus vs no bonus

Just from my own experience, I would discount the bonus. Assume you only get 75%-80% of the target. I was leaning towards that approach. Thanks. My own experience - unless employer provides you with a written ironclad guarantee of bonus, the term "eligibility" should be treated like a lottery ticke...
by EddyB
Thu May 31, 2018 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Have $3m at 33, "approach to career" advice needed
Replies: 100
Views: 13850

Re: Have $3m at 33, "approach to career" advice needed

2) Kids learn primarily by example, not by words. It's hard for young minds to grasp the concepts of working hard, responsibility, time management when you aren't practicing them yourself and are instead blabbing on about them in your pajamas while they are getting ready for school. I imagine my ki...
by EddyB
Thu May 31, 2018 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: Have $3m at 33, "approach to career" advice needed
Replies: 100
Views: 13850

Re: Have $3m at 33, "approach to career" advice needed

2) Kids learn primarily by example, not by words. It's hard for young minds to grasp the concepts of working hard, responsibility, time management when you aren't practicing them yourself and are instead blabbing on about them in your pajamas while they are getting ready for school. I imagine my ki...
by EddyB
Wed May 30, 2018 4:07 pm
Forum: Investing - Theory, News & General
Topic: Renting vs Owning Your Home
Replies: 166
Views: 13934

Re: Renting vs Owning Your Home

Finally, financial considerations aside, spending money often leads to more fun. So maybe the renter would have a more enjoyable life than the house owner even if they didn't have a higher net worth. A renter has a more enjoyable life because: - she moves close to the job and avoids commute - she s...
by EddyB
Thu May 24, 2018 9:30 pm
Forum: Investing - Theory, News & General
Topic: Renting vs Owning Your Home
Replies: 166
Views: 13934

Re: Renting vs Owning Your Home

OP, Why justifying purchasing a house that you would never rent? Then, claim that you are saving money based on the house that you will never rent? If someone wants to spend more on housing, they should acknowledge that instead of playing games. KlangFool That’s an obviously flawed portrayal. An ow...
by EddyB
Wed May 23, 2018 10:42 pm
Forum: Investing - Theory, News & General
Topic: The Millionaire Next Door and civil servants
Replies: 99
Views: 14628

Re: The Millionaire Next Door and civil servants

Civil servants are like anyone else. Not exactly. They have large defined benefit pensions that are becoming less and less common in the private sector. The fed DB pensions are nice. But they are also getting whittled down as described by MnD. Most professional fed jobs are also underpaid. My perso...
by EddyB
Sat May 19, 2018 9:25 am
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 209
Views: 13088

Re: how do you tip on wine at a restaurant

I can hear the cry of money managers—“1% is a customary expense ratio, you cheapskates!”
by EddyB
Fri May 18, 2018 11:34 am
Forum: Personal Consumer Issues
Topic: Road trip Newark NJ to Albany
Replies: 95
Views: 4981

Re: Road trip Newark NJ to Albany

Thanks for the replies.The reason for flying to Newark from Calif is SWA has non stop flights.I could fly to Albany but it takes about 4 more hours and terrible flight times.I also figured there would be something to see on the drive to and from.We may consider the train.We have been to Manhattan a...
by EddyB
Thu May 17, 2018 10:51 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 209
Views: 13088

Re: how do you tip on wine at a restaurant

I also tip on the total not the sub-total as I know some cheapskates do. It is very nice of you that you tip on the total but there is no need to call others who tip on the sub-total cheapskates. I think it is an acceptable practice to tip based on pre-tax total as per Emily Post Institute. http://...
by EddyB
Tue May 15, 2018 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 9156

Re: Can a <median household save 1 year of expenses every year?

My wife and I qualified very near to this for first 2 years out of college. She made 60k and I was in school. 6% to 401k and nearly 40% to student loans before taxes. We were well above 50% of after tax. Edit: didn't live with family (not that there's anything wrong with that but it would've made i...
by EddyB
Tue May 15, 2018 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Requesting to go part time - negotiating strategies
Replies: 41
Views: 4208

Re: Requesting to go part time - negotiating strategies

OP, does your employer have written policies concerning part-time or other "flex" arrangements, or has it made similar public statements? At large employers that make a point of publicly touting employment flexibility, I have heard that parroting back the relevant statements makes it more likely for...
by EddyB
Mon May 14, 2018 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 319
Views: 26672

Re: Lucrative careers?

People tell you to do what you love because you will be better at it and you’re interest will show to others. You can't just do what you love. A lot of misinformed kids majored in what they loved, got worthless esoteric liberal arts degrees, and ended up working low skill low pay jobs with a boatlo...
by EddyB
Mon May 07, 2018 6:40 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3175
Views: 967731

Re: What Book Are You Currently Reading? Part VI

"The Curve of Time" by M. Blanchet.

A very pleasant memoir by a widowed mother of five, recounting several summers' sailing explorations of coastal British Columbia with her children.
by EddyB
Mon May 07, 2018 6:13 pm
Forum: Personal Consumer Issues
Topic: When to buy new underwear?
Replies: 86
Views: 6731

Re: When to buy new underwear?

Don't you guys hate throwing out a perfectly good sock just because it develops a small hole at big toe? No. Socks are so cheap, I don't even bother buying DarnTough socks which are guaranteed forever and people do send in old socks to get replacement ones. I imagine the postage, hassle, and time t...
by EddyB
Sat May 05, 2018 3:41 pm
Forum: Personal Consumer Issues
Topic: What do you pay baby sitters?
Replies: 53
Views: 5423

Re: What do you pay baby sitters?

I have to laugh about this subject. I am 80 and when I cared for children in the early 1950s I charged twenty-five cents per hour (and for three kids) and those parents balked when I raised the price to thirty-five cents per hour. :annoyed Are these rates tempting you to go back into the business?
by EddyB
Tue May 01, 2018 4:14 pm
Forum: Personal Consumer Issues
Topic: Daughter and Girlfriend, age 19, taking cross country road trip. Advice?
Replies: 187
Views: 9616

Re: Daughter and Girlfriend, age 19, taking cross country road trip. Advice?

As a dad, I would not only ask to be notified daily, I will demand it. Their experience and freedom will not be compromised if they take 5 seconds out of the day to send a text. You can even make a code word for them to send you once a day. The word will be their way of telling you everything is go...
by EddyB
Mon Apr 30, 2018 8:54 pm
Forum: Personal Consumer Issues
Topic: Daughter and Girlfriend, age 19, taking cross country road trip. Advice?
Replies: 187
Views: 9616

Re: Daughter and Girlfriend, age 19, taking cross country road trip. Advice?

scorcher31 wrote:
Mon Apr 30, 2018 8:10 pm
I would ask them to check in every day or so by quick text.
It's at least worth considering whether it would be beneficial---for both these women and their parents---that the travelers not check in that frequently.