Search found 772 matches

by Louis Winthorpe III
Sun Aug 16, 2015 10:58 am
Forum: Investing - Theory, News & General
Topic: the 12 commandments of gold bugs
Replies: 62
Views: 6533

Re: the 12 commandments of gold bugs

I often wonder what people will be doing in 40 years to pay the income taxes that give the dollar its value, as work is increasingly automated. When I was a child, my family would drive up to my grandparents cottage on summer weekends and holidays. Among other things, my grandparents had decades-ol...
by Louis Winthorpe III
Sun Aug 16, 2015 10:42 am
Forum: Investing - Theory, News & General
Topic: Cap-weight indexers, how do you explain these graphs?
Replies: 64
Views: 5539

Re: Cap-weight indexers, how do you explain these graphs?

But the charts show this isn't the case: one is STRICTLY better off adding a small dose of SCV; you get both less risk and more reward. Even if you argue that the SCV premium is eroded, and the expected risk-adjusted return of SCV in isolation is no higher than TSM, that adjustment alone would not ...
by Louis Winthorpe III
Sun Aug 16, 2015 10:30 am
Forum: Personal Consumer Issues
Topic: Can a bill dispute ruin our credit?
Replies: 30
Views: 6597

Re: Can a bill dispute ruin our credit?

My spouse and I disagree on next steps. One wants to proactively take action in small claims court to prevent this going to a collection agency. The other thinks that’s using a howitzer to kill a housefly and that we should just pay half the bill even if it grates against our sense of principle. Yo...
by Louis Winthorpe III
Sun Aug 16, 2015 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Behavioral Interview for Leadership Posistion
Replies: 32
Views: 5018

Re: Behavioral Interview for Leadership Posistion

Ultimately, I would expect the questions to be variations of "Tell me about a time when you ______." For example, "tell me about a time when you led a project with a tight deadline." "Tell me about a time when you had to deal with a boss/coworker who disagreed with your prop...
by Louis Winthorpe III
Sat Aug 15, 2015 7:59 am
Forum: Investing - Theory, News & General
Topic: the 12 commandments of gold bugs
Replies: 62
Views: 6533

Re: the 12 commandments of gold bugs

We've had some good threads on gold lately. I will go get some popcorn now (paid for with fiat currency).
by Louis Winthorpe III
Sat Aug 15, 2015 7:52 am
Forum: Personal Consumer Issues
Topic: Can a bill dispute ruin our credit?
Replies: 30
Views: 6597

Re: Can a bill dispute ruin our credit?

...I will spend every minute of my spare time dissing your company on every social media outlet, put a big sign in my yard telling what you did, picket your office (if they have one) etc, etc. I once had a customer threaten to do this to my company after I picked-up an item he had been renting from...
by Louis Winthorpe III
Tue Aug 11, 2015 10:58 am
Forum: Personal Consumer Issues
Topic: Anyone not own a Smartphone
Replies: 76
Views: 6946

Re: Anyone not own a Smartphone

I'm the technology geek of the family, but I use an ancient flip phone without a text or data plan. I have a strong bias against signing up for anything involving recurring charges and I could never convince myself, the extra $420/year was worth the benefit. For me, it was mostly a question of look...
by Louis Winthorpe III
Mon Aug 10, 2015 8:41 pm
Forum: Personal Consumer Issues
Topic: Popcorn ceilings
Replies: 7
Views: 2076

Re: Popcorn ceilings

Your ceiling might or might not have asbestos. Here's how to check: Testing a Popcorn Ceiling for Asbestos The problem is you can't tell if a ceiling contains asbestos unless you test it. You can't tell by looking at it with your naked eye. Identification requires a microscope and a trained eye. Thi...
by Louis Winthorpe III
Mon Aug 10, 2015 7:41 pm
Forum: Personal Investments
Topic: Overwhelmed with my portfolio
Replies: 5
Views: 1729

Re: Overwhelmed with my portfolio

I'd put everything into a Target Retirement fund or a LifeStrategy fund. Or maybe taxable in Target Retirement and tax sheltered in Life Strategy. Someone will tell you you can be more tax efficient, but if you want to "basically forget about these accounts", that's the way to go.
by Louis Winthorpe III
Mon Aug 10, 2015 7:28 pm
Forum: Investing - Theory, News & General
Topic: Front-End Loads: Are They Really THAT Big of a Deal?
Replies: 60
Views: 10703

Re: Front-End Loads: Are They Really THAT Big of a Deal?

If you pay 5% up front, you'll have 5% less of whatever your portfolio will grow to in the end state. For every $1 million you plan to have in retirement, you're giving up $50,000. You'll have $950,000 instead of $1,000,000. To me that's a big deal, but I guess it's subjective. Stated that way, does...
by Louis Winthorpe III
Mon Aug 10, 2015 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Am I crazy? Quitting my job.
Replies: 107
Views: 22819

Re: Am I crazy? Quitting my job.

Would it be stupid to give up such a high paying job and the promise of early retirement to go into such uncertainty? The truth is we are just not happy with life out here and both the wife and I are falling into a state of depression very quickly which is not good and we need to get out. Any gener...
by Louis Winthorpe III
Sun Aug 09, 2015 12:56 pm
Forum: Personal Investments
Topic: 100% bond portfolio
Replies: 35
Views: 6090

Re: 100% bond portfolio

Taylor, I am sure the fact that he was "very wealthy" played into his comfort with an all-bond strategy. If you are very wealthy, it is hard to go broke as long as you avoid scams and leverage. Even then, munis have credit risk. Meredith Whitney turned out to be wrong, but her fears don't...
by Louis Winthorpe III
Sun Aug 09, 2015 12:52 pm
Forum: Personal Investments
Topic: Seeking Investment advice ($190k in cash)
Replies: 26
Views: 2435

Re: Seeking Investment advice ($190k in cash)

I'd pay the student loan off. Paying that loan off (assuming you refi it to 4.5) is equivalent to investing in something yielding a 100% guaranteed after tax return of 4.5%. If i could get a guaranteed return that good i'd probably put all my money in it right now. I agree. If you don't want to pay...
by Louis Winthorpe III
Sun Aug 09, 2015 12:48 pm
Forum: Personal Investments
Topic: What to do with tiny orphan IRA
Replies: 8
Views: 1572

Re: What to do with tiny orphan IRA

rterickson wrote:
I would like to liquidate the account, I know taxes and penalties should be minimal, but I have no idea how to go about cleaning it up.

Any ideas?
Contact the credit union and tell them you'd like to liquidate the account.
by Louis Winthorpe III
Sun Aug 09, 2015 11:55 am
Forum: Personal Consumer Issues
Topic: Anti-smartphone [basic phone + paper planner & address book] anyone??
Replies: 42
Views: 5274

Re: Anti-smartphone [basic phone + paper planner & address book] anyone??

Smartphones make it difficult to manage work life balance, particularly when your workplace culture is one where people respond to email at all hours. One option to consider is a work phone and a personal phone. Turn off the work phone when you are not working. I have the contrary view - I have fou...
by Louis Winthorpe III
Sun Aug 09, 2015 11:43 am
Forum: Personal Investments
Topic: Best way to invest in OIL
Replies: 66
Views: 18742

Re: Best way to invest in OIL

Best way is to put money in TSM. Or a LifeStrategy / Target Retirement fund.
by Louis Winthorpe III
Sun Aug 09, 2015 10:18 am
Forum: Investing - Theory, News & General
Topic: 3 Reasons to Rejoice Higher Interest Rates
Replies: 54
Views: 9371

Re: 3 Reasons to Rejoice Higher Interest Rates

Idle prediction: this is moot. I think 5 years from now we'll be in a similar rate environment.
by Louis Winthorpe III
Sun Aug 09, 2015 5:46 am
Forum: Personal Investments
Topic: I think i've won ?
Replies: 34
Views: 7749

Re: I think i've won ?

jeff1949 wrote:
I'm not so sure about your screen name however.

:confused

:twisted:
I hadn't noticed, but you're right.
by Louis Winthorpe III
Sat Aug 08, 2015 5:41 pm
Forum: Personal Investments
Topic: rollover to 401k?
Replies: 5
Views: 896

Re: rollover to 401k?

I would rather keep it in an IRA with Vanguard because you have more control and more choices than in your 401(k). The admiral shares of the investor class of total stock market have an expense ratio of 5 basis points, so you'd be paying 3 basis points more, not counting the $25 fee you mentioned. 3...
by Louis Winthorpe III
Sat Aug 08, 2015 5:35 pm
Forum: Personal Investments
Topic: Clueless couple needs help with portfolio
Replies: 10
Views: 2207

Re: Clueless couple needs help with portfolio

I think you're in pretty good shape overall, but your portfolio is way too messy and complex. It's a shame there's no Target Retirement fund or something like Vanguard's LifeStrategy Moderate Growth, but in the absence of something like that, I'd try to get down to 3 funds. For your husband, I'd put...
by Louis Winthorpe III
Sat Aug 08, 2015 5:19 pm
Forum: Personal Investments
Topic: 35 yrs old: How am I doing?
Replies: 27
Views: 7168

Re: 35 yrs old: How am I doing?

I'm sure you'll be surprised to hear that you're doing well.
by Louis Winthorpe III
Sat Aug 08, 2015 5:17 pm
Forum: Personal Investments
Topic: I think i've won ?
Replies: 34
Views: 7749

Re: I think i've won ?

Yes, I think you can retire on $6 million. :?
by Louis Winthorpe III
Sat Aug 08, 2015 4:24 pm
Forum: Personal Investments
Topic: Did a dumb thing [lump summed into market after sitting on cash for years]
Replies: 111
Views: 16665

Re: Did a dumb thing [lump summed into market after sitting on cash for years]

Sounds like you went from all cash to all stock, and it sounds like neither of those is an asset allocation that suits you. That's a much bigger issue than when you move to your new asset allocation.
by Louis Winthorpe III
Thu Aug 06, 2015 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Chase asking for liquid net worth, total net worth...
Replies: 46
Views: 14210

Re: Chase asking for liquid net worth, total net worth...

Interesting that the paperwork I signed to open the inherited IRA account states that "JPMS and JPMCC will generally not have fiduciary duties toward you". A fiduciary is responsible for managing your portfolio according to a certain legal standard. If they pick investments for you, they ...
by Louis Winthorpe III
Thu Aug 06, 2015 8:04 am
Forum: Investing - Theory, News & General
Topic: Forbes: How much by age
Replies: 45
Views: 10501

Re: Forbes: How much by age

How many folks at age 22 (starting out career) know what their expenses will be at age 60, 65, 70? Saving for retirement without knowing the target is like using a compass without a map or guideposts to the target. Then, throw in all this rhetoric about Social Security not being there at retirement...
by Louis Winthorpe III
Thu Aug 06, 2015 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Transferring large sums from foreign country with rapidly depreciating currency? Loss so far = US$11k
Replies: 10
Views: 1540

Re: Transferring large sums from foreign country with rapidly depreciating currency? Loss so far = US$11k

I'm at a loss as to what I should do -- what would you do if you were in my shoes? If your future expenses will be USD denominated, you have no reason to hold foreign currency. You have FX risk without any reason to have it. In that case, I would swallow hard, convert everything next week and go on...
by Louis Winthorpe III
Thu Aug 06, 2015 7:39 am
Forum: Investing - Theory, News & General
Topic: Are index funds bad for the economy?
Replies: 25
Views: 2136

Re: Are index funds bad for the economy?

I'm very curious what this community thinks of this issue. I won't speak for the community, but I think the arguments you've linked are absurd. People get paid to say something, anything, and this was a reach. But it worked. People are reading the nonsense, and you're actively trying to debate it.
by Louis Winthorpe III
Thu Aug 06, 2015 6:25 am
Forum: Personal Finance (Not Investing)
Topic: Net worth progress
Replies: 3
Views: 1808

Re: Net worth progress

Some factors which have not really helped: - My propensity to dine out instead of stay home and cook Anyway, just wanted to share! Any advice on ways that I can improve, PLEASE let me know! And also share what worked for your path to net worth progression, what didn't, etc. First, congrats, and kee...
by Louis Winthorpe III
Wed Aug 05, 2015 9:03 pm
Forum: Investing - Theory, News & General
Topic: New $1 additional investment minimum at Vanguard
Replies: 28
Views: 7423

Re: New $1 additional investment minimum at Vanguard

Seems like a policy that would increase costs for Vanguard. Oh well.
by Louis Winthorpe III
Wed Aug 05, 2015 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with a windfall
Replies: 16
Views: 2724

Re: What to do with a windfall

Fortunately, all of the alternatives you listed are good ideas. It's not like there's a right choice and three wrong choices among them, and which is "best" is largely subjective / based on personal preference. Typically, when people talk about prepaying the mortgage, I see most people adv...
by Louis Winthorpe III
Wed Aug 05, 2015 8:02 pm
Forum: Personal Investments
Topic: Get to 2.4 million in 10 years
Replies: 22
Views: 5764

Re: Get to 2.4 million in 10 years

You have 9 holdings in your taxable account. You should make sure that complexity is earning its place in your portfolio.
by Louis Winthorpe III
Wed Aug 05, 2015 3:25 pm
Forum: Personal Consumer Issues
Topic: Home security system and land line
Replies: 15
Views: 2136

Re: Home security system and land line

Curious if anyone has used a company like SimpliSafe that only uses cellular. The cost is substantially less because they don't have to wire your house.
by Louis Winthorpe III
Wed Aug 05, 2015 9:00 am
Forum: Investing - Theory, News & General
Topic: Forbes: How much by age
Replies: 45
Views: 10501

Re: Forbes: How much by age

This may be a good, simple rule of thumb, but one's income needs in retirement are more complicated. Depending upon living expenses, SS, pension, debt, expected longevity and other factors, one may need more or less. It is not that hard to factor these considerations in and come up with a better id...
by Louis Winthorpe III
Wed Aug 05, 2015 8:57 am
Forum: Personal Investments
Topic: Not many good [401(k)] options at work...
Replies: 8
Views: 972

Re: Not many good options at work...

I have a 401k with my new employer and the options are somewhat limited. I also have a rollover IRA with Fidelity and a Roth IRA with Vanguard. How would i go about setting up a 3 fund portfolio (80-90% stocks is what I've decided) with the following options from work along with my other 2 IRA acco...
by Louis Winthorpe III
Wed Aug 05, 2015 8:45 am
Forum: Investing - Theory, News & General
Topic: Forbes: How much by age
Replies: 45
Views: 10501

Re: Forbes: How much by age

I think the table is too simplistic These tables are really simplistic. I fail to sympathize with the simplistic formulas that say that savings at a given age should be a given factor of current income. Or maybe it's just sour grapes for me since I don't show up as a "prodigious accumulator of...
by Louis Winthorpe III
Wed Aug 05, 2015 7:50 am
Forum: Personal Consumer Issues
Topic: Buying a Rolex Watch
Replies: 171
Views: 27364

Re: Buying a Rolex Watch

ArthurO spawned a long thread about expensive watches. He wasn't viewing it as an investment, but he concluded there were other expensive watches that were better value. The thread, along with his other threads about what he planned to wear at his wedding, was entertaining. https://www.bogleheads.or...
by Louis Winthorpe III
Tue Aug 04, 2015 11:16 am
Forum: Personal Investments
Topic: $13 Million Goal for Early Retirement (am I crazy?)
Replies: 202
Views: 47649

Re: $13 Million Goal for Early Retirement (am I crazy?)

You haven't explained how you're going to grow your portfolio from $700,000 to $12 or $13 million. That's going to be very difficult to do.
by Louis Winthorpe III
Tue Aug 04, 2015 8:37 am
Forum: Personal Investments
Topic: All things being equal [Portfolio help, live off dividends]
Replies: 10
Views: 1339

Re: All things being equal

If you want one fund, I'd pick LifeStrategy Moderate Growth (60-40) or Life Strategy Conservative Growth (40-60). With that time frame and not knowing anything about your risk tolerance, something close to a 50-50 strategy is a good starting point.
by Louis Winthorpe III
Mon Aug 03, 2015 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Large purchase with cash, 0% card, or rewards card?
Replies: 30
Views: 3938

Re: Large purchase with cash, 0% card, or rewards card?

Have you used Blue Nile before? I'm leery about making such a large purchase online, but the local selection is lacking. I also am the type of person who really has to analyze big purchases, and that is difficult for me in a retail setting. Yes, as I said, I spent about what you're planning to spen...
by Louis Winthorpe III
Mon Aug 03, 2015 12:32 pm
Forum: Personal Investments
Topic: Total Bond Market vs. Interm-Term Treasury
Replies: 42
Views: 8332

Re: Total Bond Market vs. Interm-Term Treasury

I don't think about it. I like the idea of owning everything, so I own TBM. I'll choose more diversification over less unless I can think of a compelling reason not to.
by Louis Winthorpe III
Mon Aug 03, 2015 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Large purchase with cash, 0% card, or rewards card?
Replies: 30
Views: 3938

Re: Large purchase with cash, 0% card, or rewards card?

I'd use a rewards card or a cash back card, and I'd buy from Blue Nile. Side note: Don't apologize for the cost of the ring. Inflation-adjusted, I probably spent about the same or a little more, and my wife and I both still love what I bought. I'd do it again in a heartbeat. Side note 2: I can't ima...
by Louis Winthorpe III
Mon Aug 03, 2015 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Rewards (Travel)
Replies: 284
Views: 58180

Re: Credit Card Rewards (Travel)

Minimum spending requirements are irrelevant to me with the amount of manufactured spending I do. I'm not sure what I'll do when the annual fees come due, but I may actually be better off paying the fees. I do so much MS that I may actually lose money by cancelling them since I will have less avail...
by Louis Winthorpe III
Sun Aug 02, 2015 10:24 pm
Forum: Personal Investments
Topic: Do I need other assets beside a 4 fund portfolio?
Replies: 10
Views: 1628

Re: Do I need other assets beside a 4 fund portfolio?

Also, I just really feel 60/40 is right for me right now. My granddad advised I'd be crazy not to be 100% stock at my age and I was leaving money on the table, but it wont do any good to invest if I freak out and sell next time the market takes a dive Stick to your guns. If you know yourself, you'r...
by Louis Winthorpe III
Sun Aug 02, 2015 9:24 pm
Forum: Personal Investments
Topic: Do I need other assets beside a 4 fund portfolio?
Replies: 10
Views: 1628

Re: Do I need other assets beside a 4 fund portfolio?

That one fund is all you need. I forget the actual number, but I believe it holds approximately 20,000 individual securities. It's very diversified, and it's beautiful in its simplicity.
by Louis Winthorpe III
Sun Aug 02, 2015 8:18 pm
Forum: Investing - Theory, News & General
Topic: [How often do you check on your investments?]
Replies: 43
Views: 3797

Re: [How often do you check on your investments?]

Twice a year I calculate my net worth and enter everything into a spreadsheet.
by Louis Winthorpe III
Sun Aug 02, 2015 7:57 pm
Forum: Investing - Theory, News & General
Topic: Are equities really as risky as anyone thinks?
Replies: 271
Views: 23150

Re: Are equities really as risky as anyone thinks?

If you look at valuations and know the market is undervalued, you can simply wait until the valuation is higher . . . So by a combination of patience and flexibility, one can virtually entirely eliminate the speculative return component. I know you're planning on accumulating 50-100x your annual ex...
by Louis Winthorpe III
Sun Aug 02, 2015 7:07 pm
Forum: Personal Investments
Topic: Are bond mutual funds better than other types of bonds?
Replies: 9
Views: 1466

Re: Are bond mutual funds better than other types of bonds?

I disagree strongly that one should own individual bonds rather than bond funds. Did the show say why they think bonds are better? Sometimes the argument is made that bonds are safer because if rates rise, you can avoid the loss on an individual bond by holding to maturity, whereas bond funds don't ...
by Louis Winthorpe III
Sun Aug 02, 2015 4:45 pm
Forum: Personal Investments
Topic: Would it be worth the costs to move to a 3 fund portfolio from what I have?
Replies: 16
Views: 2165

Re: Would it be worth the costs to move to a 3 fund portfolio from what I have?

1. My Roth IRA is currently invested in the Vanguard 2050 Retirement Fund (VFIFX). The ER is 0.18 however if I were to switch to a 3 fund portfolio I could get the admiral shares which would drastically lower the costs. If I did 60% US Stock, 30% Intl Stock and 10% Bond I would be able to reduce th...
by Louis Winthorpe III
Sun Aug 02, 2015 12:40 pm
Forum: Investing - Theory, News & General
Topic: Why the obsession with Gold?
Replies: 18
Views: 2478

Re: Why the obsession with Gold?

rgs92 wrote:Isn't some small percentage of the Total Stock Market index in gold or precious metal stocks?
Yes, but I don't think the physical buyers of gold invest in TSM in order to get the market weight of those companies into their portfolios. The OP is asking why people want the physical metal.