Search found 92 matches

by Scamp
Thu Oct 05, 2017 12:03 pm
Forum: Investing - Theory, News & General
Topic: Got a Question for the Experts Panel at the Bogleheads Conference?
Replies: 37
Views: 11039

Re: Got a Question for the Experts Panel at the Bogleheads Conference?

Seconding thoughts by OZAR(Taxable Ted question) and Grt2bOutdoors(TIPS in taxable question) Any panelist - For investors with little tax advantaged space and high tax brackets what recommendations can be made for asset allocation? Specifically how much is too much allocation for Munis if half your ...
by Scamp
Fri Mar 10, 2017 1:07 pm
Forum: Local Chapters and Bogleheads Community
Topic: metro Denver Bogleheads?
Replies: 30
Views: 4541

Re: metro Denver Bogleheads?

I live in Boulder but would most likely come where ever.
by Scamp
Fri Mar 10, 2017 12:15 pm
Forum: Investing - Theory, News & General
Topic: Asset Placement Turned Upside Down, Bonds in Taxable?
Replies: 51
Views: 5209

Re: Asset Placement Turned Upside Down, Bonds in Taxable?

I'll put this edge case up here from anyone else like myself. Due to a windfall from the sale of a business I have only 1.8% of my entire net worth tucked into tax advantaged space. I've stopped working for earned income so that percentage isn't going to change except down as hopefully the taxable p...
by Scamp
Mon Jan 16, 2017 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Landlord for first time - tips and things to know?
Replies: 44
Views: 5630

Re: Landlord for first time - tips and things to know?

I second cozy.co. It has been fantastic. Way better than the services I used to pay for to collect rent.
by Scamp
Tue Sep 13, 2016 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Any SoFi Mortgages? Offering me 3.25% on 2nd home.
Replies: 1
Views: 899

Any SoFi Mortgages? Offering me 3.25% on 2nd home.

Anyone with experience on Sofi mortgage lending? I've read all the SoFi threads I can find here and mostly they are about student loans (generally positive) and about inquiring about mortgage rates and getting a look rate from SoFi. Well they have offered me 3.25% with 40% down on a second home. The...
by Scamp
Thu Aug 18, 2016 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Little-used second home: sell at a loss or rent?
Replies: 26
Views: 2881

Re: Little-used second home: sell at a loss or rent?

You could at least investigate what other properties are renting for of Airbnb, VRBO and Flipkey. We use Airbnb and Flipkey to earn about 20-25k/year on a property costing about that much. Vacation goers tend to value the nicer kitchens and bath more than the buying market might. It depends a lot on...
by Scamp
Thu Aug 18, 2016 10:14 am
Forum: Investing - Help with Personal Investments
Topic: Should I hire a wealth management company to manage my money?
Replies: 16
Views: 2581

Re: Should I hire a wealth management company to manage my money?

Hi jsong1972,' I was in exactly the same situation 5 years ago. I moved money to an advisor that made several poor and expensive decisions. I met with serveral other advisors and considered moving to them in the end I decided to do it myself and it was the best thing I ever did. Here are a few thoug...
by Scamp
Tue Aug 16, 2016 10:23 pm
Forum: Investing - Help with Personal Investments
Topic: Moving 4M from Goldman. retired and needs 200K/Y
Replies: 55
Views: 10799

Re: Moving 4M from Goldman. retired and needs 200K/Y

Having the bonds gives you bucket to pull from rather than equities when they are beat up in share price. You might need to pull from them for expenses but you can also rebalance back your chosen AA and actually buy more stocks when they are on sale. If next year there is a major correction bringing...
by Scamp
Tue Aug 16, 2016 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance - Best Online marketplace / vendor
Replies: 9
Views: 1062

Re: Refinance - Best Online marketplace / vendor

I just recently found that my 835 score translated to 767 when run for the purpose of refinancing. I enquired why the difference and told that the algorithm they use for mortgage worthiness is calculated differently than for consumer credit.
by Scamp
Tue Aug 16, 2016 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Moving 4M from Goldman. retired and needs 200K/Y
Replies: 55
Views: 10799

Re: Moving 4M from Goldman. retired and needs 200K/Y

Does the $200,000 expenses include your income taxes? If not, you are going to need to withdraw signficantly more, even if you are paying taxes at the capital gains rate. Maybe, maybe not. I just went through the exercise last month to figure out all basis of all my various investments and properti...
by Scamp
Tue Aug 16, 2016 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Moving 4M from Goldman. retired and needs 200K/Y
Replies: 55
Views: 10799

Re: Moving 4M from Goldman. retired and needs 200K/Y

You know you can't avoid death and taxes. I would add to that list 1.5% of Assets Under Management. The AUM will bleed you dry and add insult to injury in an inevitable downturn. I left Morgan Stanley for Vanguard with a similar amount of money a few years ago after learning about the Bogelhead prin...
by Scamp
Tue Aug 16, 2016 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Refinance - Best Online marketplace / vendor
Replies: 9
Views: 1062

Re: Refinance - Best Online marketplace / vendor

I just went through all this on Zillow. The best rate was through a broker quoting a Prividient loan. The rate was better than I was finding elsewhere. In the middle of the process I finally learned the lenders named and looked them up on google. OMG the scathing reviews hovered around one star, bas...
by Scamp
Tue Aug 16, 2016 9:56 am
Forum: Investing - Theory, News & General
Topic: Fixed income strategy
Replies: 17
Views: 2407

Re: Fixed income strategy

Here is another possibility. You like me are short on tax advantaged space and maybe the advisor was suggesting reserving some of that space for your REITs. REITs kick off income that is taxed at your full tax rate so you really want them sheltered just like bonds even though they shouldn't be treat...
by Scamp
Mon Aug 15, 2016 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 304
Views: 51952

Re: Self-made Millionaires: how did hitting 7 figures change you?

I have been fascinated with the word "millionaire" for a while. Look it up on wikipedia it's pretty interesting. It's been in use since the 1800's. Think of how much wealth it meant back then. In 1900 it was worth about 25,000,000 in 2015 dollars. How many other words have carried this import for 20...
by Scamp
Mon Aug 15, 2016 10:02 am
Forum: Investing - Theory, News & General
Topic: "The Minority of Investors" ... Billionaires
Replies: 35
Views: 5287

Re: "The Minority of Investors" ... Billionaires

I delved into angel investing when I first early retired. I hoped I could take a portion of my portfolio and seek out companies I believed in for a higher risk higher return. Well finding the higher risk was easy enough but the returns have been negative. I found that starting a business, growing it...
by Scamp
Fri Aug 05, 2016 12:36 am
Forum: Investing - Help with Personal Investments
Topic: Moving out of Morgan Stanley and into... Vanguard? (Plus next steps?)
Replies: 24
Views: 5223

Re: (31, single) Moving $2M out of Morgan Stanley and into... Vanguard? (Plus next steps?)

Plenty of good specific advice but I can tell you personally that ditching Morgan Stanley for Vanguard was the best financial decision I ever made. Oh and I moved the same magnitude of funds as well and went 50/50. I've been happy with lack luster returns and nice stability when I just look at the b...
by Scamp
Wed Aug 03, 2016 4:49 pm
Forum: Personal Consumer Issues
Topic: major remodel: regrets or things you'd do again
Replies: 68
Views: 9439

Re: major remodel: regrets or things you'd do again

In no particular order - if you have the time to spend you can source everything waaaayyyyyyy cheaper than the GC or designer will. They want fast and easy for them. They want to feed sales to relationships that aren't necessarily your best choices. It takes time so hopefully you have some to invest...
by Scamp
Wed Aug 03, 2016 4:23 pm
Forum: Personal Consumer Issues
Topic: Should I flip my neighbor's house to save the neighborhood?
Replies: 72
Views: 8651

Re: Should I flip my neighbor's house to save the neighborhood?

curmudgeon and Hayden might have a point. I will now tell you funny story that in no way should be construed as an alternative to your situation I used to live near Telluride where things get called "historic" and once they are they can't be knocked down, moved, etc. There was a restaurant in town t...
by Scamp
Wed Aug 03, 2016 1:38 pm
Forum: Personal Consumer Issues
Topic: Should I flip my neighbor's house to save the neighborhood?
Replies: 72
Views: 8651

Re: Should I flip my neighbor's house to save the neighborhood?

If I were to pursue this, what kind of arrangement would be fair/typical with the contractor? Who would pay for materials for the remodel? How should the profit (if any) be split? You didn't seem to be getting much in the way of suggestions for arrangements, so here are some I've done. I have flipp...
by Scamp
Mon Aug 01, 2016 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Buying out owner of privately held company
Replies: 10
Views: 947

Re: Buying out owner of privately held company

Minority shareholders get no say in management decisions. You will be putting a bunch of your assets into a vehicle over which you have no say. Proceed with great caution. I would say it really has a lot to do with the current ownership structure. If votes are pro-rata to percentage stake AND their...
by Scamp
Mon Aug 01, 2016 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Buying out owner of privately held company
Replies: 10
Views: 947

Re: Buying out owner of privately held company

I'm also a software guy and sold my interest to a non-working partner looking to increase his stake when I wanted to make a move to early retirement. You didn't mention the business entity but we were an LLC which has Member roles (owner) and Manager roles (workers). Our LLC is treated as a pass-thr...
by Scamp
Mon Aug 01, 2016 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Mini retirement- RV around country
Replies: 21
Views: 2896

Re: Mini retirement- RV around country

We did basically the same thing. We did one trip to Alaska up and back by two wonderful routes over about three months when our son was just two. He could point all the big game through the window before the trip was over. We have also done a couple other 6-8 week trips, besides lots and lots of sma...
by Scamp
Mon Aug 01, 2016 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Advice on Real Estate Deal
Replies: 22
Views: 1673

Re: Advice on Real Estate Deal

I own a vacation/rental home and I'm looking at upgrading to a bigger one constantly. I now have three years of watching every property in my price range in that area go on the market, how long to sell and final price. I'm also more familiar with the intricacies of the different neighborhoods. There...
by Scamp
Sat Jul 23, 2016 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Appropriate tip amount for river rafting guides?
Replies: 50
Views: 5970

Re: Appropriate tip amount for river rafting guides?

Nice job Chip! I have my first Grand trip as a private boater next spring. I better tip myself.
by Scamp
Sat Jul 23, 2016 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: REIT , bubble and timing the market
Replies: 11
Views: 2223

Re: REIT , bubble and timing the market

Aren't REITs doing well in part due to higher rents? Mortgages are harder to get approved for and so more people need to rent and rents have been driven higher
by Scamp
Sat Jul 23, 2016 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgage Line of Credit
Replies: 44
Views: 5209

Re: Reverse Mortgage Line of Credit

I think the core idea of extracting a portion of equity from a property while being able to live in the home as long as you need is a great idea. It's the fees that make it totally untenable. If I had more time I'd like to work out the effective interest rate with the fees built in. I did a private ...
by Scamp
Sat Jul 23, 2016 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Appropriate tip amount for river rafting guides?
Replies: 50
Views: 5970

Re: Appropriate tip amount for river rafting guides?

I was a part time guide for fun not money, but I will tell you that these folks only earl $70-100/day based on seniority BEFORE taxes and expenses like their personal river gear. They get up about 5am in the morning to get breakfast going and work on keeping guests happy until guests go to bed, usua...
by Scamp
Fri Jul 22, 2016 11:04 am
Forum: Personal Consumer Issues
Topic: Cinque terre in September....
Replies: 18
Views: 1903

Re: Cinque terre in September....

I was there in September 2002 and the weather and place was great. Please report back I hope it still is great. My fondest memory was when after order a couple of grappa shots at a bar the owner brought out her own homemade and drank the bottle with me.
by Scamp
Fri Jul 22, 2016 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Where were you financially when you were at 30?
Replies: 226
Views: 32292

Re: Where were you financially when you were at 30?

Single, Colorado ski bum with a negative networth.
by Scamp
Fri Jul 22, 2016 10:44 am
Forum: Personal Consumer Issues
Topic: Orlando Disney Parks
Replies: 41
Views: 4140

Re: Orlando Disney Parks

Sorry if I cover some ground others have covered but here are my thoughts. We've been 4 times to a Disney park in the last 2 years rather through happenstance. Once on purpose for our kids birthday, one because we got a free beach house with friends, once because of a Canceled flight in LA and once ...
by Scamp
Fri Jul 22, 2016 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Early retirees, how much did you leave on the table?
Replies: 202
Views: 19831

Re: Early retirees, how much did you leave on the table?

I'm curious TheTime Lord why do you ask? I left tons of money on the table by selling most of my company stake to my partners. I retired at 42 in upper middle class fashion while my partners are now in top 1/10th of 1%er territory. I left a lot on the table - 80 hour work weeks, stress, uncertainty,...
by Scamp
Tue Jun 28, 2016 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Will - Remarried with Troubled Kids
Replies: 37
Views: 5656

Re: Will - Remarried with Troubled Kids

I got a lot out of this book without any of the issues you mentioned and you might get even more. Beyond the Grave, Revised and Updated Edition: The Right Way and the Wrong Way of Leaving Money to Your Children (and Others) by Jeffery L. Condon It's full of problematic scenarios and multiple ways of...
by Scamp
Sat Jun 11, 2016 10:56 am
Forum: Personal Consumer Issues
Topic: Is it worth it for us to purchase an umbrella policy?
Replies: 47
Views: 7640

Re: Is it worth it for us to purchase an umbrella policy?

One thing I encountered that I never saw mentioned when rates for umbrellas are tossed about, is that if you have a speeding ticket or two in the last three years then the umbrella policy cost is close to double. I'm about to do a total insurance shop around soon so I'll see if things have changed.
by Scamp
Wed Feb 10, 2016 11:02 am
Forum: Investing - Help with Personal Investments
Topic: TLH: Just down lots or all? Does it matter?
Replies: 14
Views: 1466

Re: TLH: Just down lots or all? Does it matter?

If you are interested in getting rid of a fund, selling your entire holding for a small gain makes sense, particularly when you have losses that more than offset the gain. The simplicity may be worth more than the trivial tax cost. This is exactly what I was thinking but it seems most of the advice...
by Scamp
Mon Feb 08, 2016 7:13 pm
Forum: Investing - Help with Personal Investments
Topic: TLH: Just down lots or all? Does it matter?
Replies: 14
Views: 1466

Re: TLH: Just down lots or all? Does it matter?

Thanks everyone. I think Livesoft said it best. I'm just going to have to get used to have a few funds representing an asset class. So much for simplicity... I'm not too concerned about current year's taxes because I have enough losses to keep deducting $3k for the next 57 years! I was simply consid...
by Scamp
Mon Feb 08, 2016 11:56 am
Forum: Investing - Help with Personal Investments
Topic: TLH: Just down lots or all? Does it matter?
Replies: 14
Views: 1466

TLH: Just down lots or all? Does it matter?

I know, I know another Tax Loss Harvesting question… when will it end. So I TLH all my Total International VTAIX during the Aug 2015 drop and switched to FTSE All-World VFWAX. Total booked loss about $100k. Now I’m looking carefully at my Total Stock (VTSAX). If I just exchanged lots with losses I c...
by Scamp
Wed Feb 03, 2016 2:53 pm
Forum: Forum Issues and Administration
Topic: BOGLEHEADS.COM AND BOGLEHEADS.NET
Replies: 54
Views: 10167

Re: BOGLEHEADS.COM AND BOGLEHEADS.NET

Another thank you Serge.
by Scamp
Tue Nov 17, 2015 12:21 am
Forum: Personal Finance (Not Investing)
Topic: High Earner Careers?
Replies: 254
Views: 37224

Re: High Earner Careers?

EmergDoc, the further down the page I read the more I keep finding to quoting you on. I agree there are lots of people not willing to work hard! The knowledge of how they should work hard is also a major factor. There are lots of entrepreneurial pursuits that can be bootstrapped. For example, starti...
by Scamp
Mon Nov 16, 2015 11:52 pm
Forum: Personal Finance (Not Investing)
Topic: High Earner Careers?
Replies: 254
Views: 37224

Re: High Earner Careers?

If you want a high income, start a business you're passionate enough about that you'll be willing to work on it every day until after midnight and you wake up wanting to do nothing more than to work on it. Ditto, worked for me, though I'll be the first to admit there are components of both luck and...
by Scamp
Fri Nov 13, 2015 5:29 am
Forum: Personal Consumer Issues
Topic: Are financial aggregators (e.g., Mint) a risk? And to whom?
Replies: 10
Views: 2503

Re: Are financial aggregators (e.g., Mint) a risk? And to whom?

But if I were shopping for a "big bank," I'd choose one that used read-only access keys for the aggregators, not one that told me that using an aggregator was a bad idea. Customers are going to use aggregators. Banks have to figure out how to deal with that in a secure way. I have wishes all my fin...
by Scamp
Thu Nov 05, 2015 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Amex Platinum $450/yr annual fee but 100,000 points
Replies: 57
Views: 12696

Re: Amex Platinum $450/yr annual fee but 100,000 points

Here is our experience with the Amex Platinum 100,000 miles offer. My wife got targeted and we went for it because the web consensus seemed to be it's a no brainer. Now I'm slightly less enthused but it's ok. I have learned some things. 1) We set up United as the preferred airline and purchased 4x $...
by Scamp
Mon Oct 26, 2015 12:57 am
Forum: Investing - Help with Personal Investments
Topic: Tax efficiency for high income non sheltered indivudual
Replies: 17
Views: 2194

Re: Tax efficiency for high income non sheltered indivudual

I'm in the same boat more or less with 98% of my savings in taxable accounts. After the sale of a business I have no access to tax deferred accounts and the money has to be put to work somewhere, so taxable investing it is. This post may go to places that you didn't specifically ask about, but hopef...
by Scamp
Sun Oct 25, 2015 10:46 am
Forum: Personal Finance (Not Investing)
Topic: What are your 2 retirement numbers?
Replies: 260
Views: 36059

Re: What are your 2 retirement numbers?

That's so funny that you would say this because I do think about a lot. I'm pseudo retired. Income still rolls in from a business interest but all my time is free. I'm not sure when I'll have to switch from accumulating to de-accumulating. I also have a 5 year old and he thinks daddy's "work" is si...
by Scamp
Sun Oct 25, 2015 1:52 am
Forum: Personal Finance (Not Investing)
Topic: What are your 2 retirement numbers?
Replies: 260
Views: 36059

Re: What are your 2 retirement numbers?

I'm curious what goes into people's number? Is it total net worth? Does it include residence, rental property, etc? Does it include business assets? Or is it strictly money in the market (plus cash)? I'm going by investable assets... I can't take 4% out of my house each year. While I can't take 4% ...
by Scamp
Sun Oct 25, 2015 1:40 am
Forum: Personal Consumer Issues
Topic: Lost iPhone in Thailand. Now what?
Replies: 30
Views: 4590

Re: Lost iPhone in Thailand. Now what?

Curious how this ended. I'm living in Chiang Mai right now. I just saw the post but because it's from days ago it may be irrelevant now. Something I wanted to point out though is that email is much less common here. Some other ways of contacting you that might work would be LINE app, SMS to another ...
by Scamp
Sun Oct 25, 2015 1:24 am
Forum: Investing - Help with Personal Investments
Topic: TBM vs increased home equity. Thoughts on Dave Ramsey
Replies: 12
Views: 1710

Re: TBM vs increased home equity. Thoughts on Dave Ramsey

First of all I second more emergency fund. If you do the increase mortgage payments I would definitely create a spreadsheet (or use Mint/Personal Capital) that shows your total Net worth including home equity. I do this. When my market account went down $100k in August it help me keep a calm, clear ...
by Scamp
Sun Oct 25, 2015 12:32 am
Forum: Personal Finance (Not Investing)
Topic: What are your 2 retirement numbers?
Replies: 260
Views: 36059

Re: What are your 2 retirement numbers?

I'm curious what goes into people's number? Is it total net worth? Does it include residence, rental property, etc? Does it include business assets? Or is it strictly money in the market (plus cash)? I wonder when I model SWR's which number to include? I keep track of net worth, thats easy. But owni...
by Scamp
Sun Oct 25, 2015 12:22 am
Forum: Personal Finance (Not Investing)
Topic: What are your 2 retirement numbers?
Replies: 260
Views: 36059

Re: What are your 2 retirement numbers?

I live in a HCOL area with two children under the age of 5, and I am under the age of 40, but not by much. So, the first number would have to be very high, say, $3.5M - $4M, give or take. Not there yet, and am not sure I would be setting a good example of "retiring" while my kids were in grade scho...
by Scamp
Tue Oct 13, 2015 2:03 am
Forum: Investing - Theory, News & General
Topic: when to enter the market in a taxable account.
Replies: 25
Views: 2388

Re: when to enter the market in a taxable account.

I'm not going to attempt to give any advice just share my story. I was in a similar position a few years ago. The sum was larger and it was a scary commitment since I don't have an IRA/401k, pension or SS waiting. A great blog I enjoyed reading at the time was LongTermReturns (RIP... I sure miss it)...
by Scamp
Tue Oct 13, 2015 1:21 am
Forum: Personal Consumer Issues
Topic: Where in the U.S. can I buy a house for under $250k that's a nice place to live?
Replies: 152
Views: 19621

Re: Where in the U.S. can I buy a house for under $250k that's a nice place to live?

Well you're swimming in ideas now, but my 2 cents 1) rent for sure 2) Geographic arbitrage to stretch your dollar can be great if you're of the right temperament. I'm on a long stay in such a place right now, it has pro's and cons like everything but while we pay $350/mo rent, someone rents my US ho...