Search found 28 matches

by wesmouch
Sat May 31, 2014 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: comparing state taxes in retirement
Replies: 17
Views: 2383

Re: comparing state taxes in retirement

You have to go to the State dept of revenue website and run a fake return. There are many ins and outs that are not captured in retirement guides
by wesmouch
Sat May 31, 2014 5:25 pm
Forum: Personal Consumer Issues
Topic: Vacationing in Seaside Florida?
Replies: 13
Views: 1959

Re: Vacationing in Seaside Florida?

Quaint, beautiful but ridiculously overpriced for what you get. You would do better looking at other parts on the panhandle including Fort Walton Beach, Sandestin resort, Destin, Post St Joe area. I have been to Sandestin resort and it was superb and reasonably priced. I do not know if this has chan...
by wesmouch
Thu May 22, 2014 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring into the poor house in 13 yrs?
Replies: 110
Views: 12214

Re: Retiring into the poor house in 13 yrs?

You may want to consider using medibid.com to get quotes for major procedures/treatments. It allows you to get quotes from various providers. In addition, Surgery Center of Oklahoma has deeply dsicounted procedures but you have to pay cash. Good luck. You should be fine. You are way ahead of most pe...
by wesmouch
Tue May 20, 2014 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: need emerging markets?
Replies: 8
Views: 1031

need emerging markets?

I have about 30% of my equity allocated to international stocks. I did have Vanguard International Tax managed as my international exposure but this has since been converted VTGMX developed market index I am missing emerging markets exposure. Is it worth adding VEMAX to my portfolio to get emerging ...
by wesmouch
Tue May 20, 2014 10:17 am
Forum: Investing - Theory, News & General
Topic: Using Dr. Pfau's research
Replies: 27
Views: 3085

Re: Using Dr. Pfau's research

In today's low interest rate environment you lock in annuitized income early in retirement by delaying taking SS and DB pension benefits. Interest rates are so low today that this is big benefit to all but the terminally ill. :) BobK Of course that assumes that you will collect the full SS benefit ...
by wesmouch
Sun May 18, 2014 8:06 am
Forum: Investing - Theory, News & General
Topic: commodities and multi-asset class portfolios
Replies: 65
Views: 5521

Re: commodities and multi-asset class portfolios

Wolfgang Bessler and Dominik Wolff, authors of the April 2013 study “Do Commodities Add Value in Multi-Asset-Portfolios?” analyzed the portfolio benefits of commodity investments. I downloaded the PDF. 1) Their default stock & bond portfolio was the S&P500 index and Barclays US aggregate government...
by wesmouch
Sun May 18, 2014 7:09 am
Forum: Investing - Theory, News & General
Topic: Social Security at 62? Let’s Run the Numbers
Replies: 101
Views: 12991

Re: Social Security at 62? Let’s Run the Numbers

The key factor for me is how reliable the government is to pay me SS. I think that there is a high chance it will be means tested or cut in the future. If you are already drawing it you have a lower probability of having it taken away.
by wesmouch
Sat May 17, 2014 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: Sell stocks and pay taxes VS. hold to avoid taxes
Replies: 25
Views: 2739

Re: Sell stocks and pay taxes VS. hold to avoid taxes

William Baldwin at Forbes studied this and concluded it was better to hold on to the stocks
by wesmouch
Sat May 17, 2014 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Lawyer recommends trust
Replies: 81
Views: 7681

Re: Lawyer recommends trust

I went to an estate lawyer to setup a will but he strongly indicated that we really need to setup a trust. He reasoned that if both I and my spouse passed away we would end up leaving (with life insurance included) our two kids with an estate of 2-3 million. He indicated that the amount of money sh...
by wesmouch
Sat May 17, 2014 4:56 pm
Forum: Investing - Theory, News & General
Topic: commodities and multi-asset class portfolios
Replies: 65
Views: 5521

Re: commodities and multi-asset class portfolios

Most interesting was that commodities improved portfolio performance during a LOW INFLATION period.
by wesmouch
Sat May 17, 2014 4:44 pm
Forum: Investing - Theory, News & General
Topic: Do I plan for NO Social Security
Replies: 42
Views: 3669

Re: Do I plan for NO Social Security

It depends on how "bombproof" you want to be. Worse case scenario is no social security and government confiscation of pensions/401ks/IRAs. If your portfolio can survive that you are good to go. Since those extreme measure would wipe out most Americans if you are even close to surviving those scenar...
by wesmouch
Fri May 16, 2014 3:49 pm
Forum: Investing - Theory, News & General
Topic: High Net Worth Investing
Replies: 84
Views: 13773

Re: High Net Worth Investing

If you're worried about political collapse / confiscation, beware that wealth did not survive the communist takeovers that I know of in any form and attempts to preserve it earned you a trip to a very bad place. The slave owners didn't do to well either nor did Jews under the Nazis. Lets not even g...
by wesmouch
Fri May 16, 2014 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: Post-Divorce Portfolio Advice
Replies: 30
Views: 2769

Re: Post-Divorce Portfolio Advice

OP, why are your expenses so high? I am going to go out on a limb and guess that you are a female based on the totality of the post. I am a male and very supportive of female independence and go crazy when females are minimized. I often comment to posters who say that the wife will stop working for...
by wesmouch
Wed May 14, 2014 8:55 pm
Forum: Investing - Theory, News & General
Topic: High Net Worth Investing
Replies: 84
Views: 13773

Re: High Net Worth Investing

If you have that much, you have the possibility to really hedge bad outcomes. That would include obtaining a second passport and having a significant amount of your assets in a foreign country. In addition, gold stored in safety deposit boxes overseas and foreign real estate would be helpful. Harry...
by wesmouch
Wed May 14, 2014 7:22 pm
Forum: Investing - Theory, News & General
Topic: High Net Worth Investing
Replies: 84
Views: 13773

Re: High Net Worth Investing

If you have that much, you have the possibility to really hedge bad outcomes. That would include obtaining a second passport and having a significant amount of your assets in a foreign country. In addition, gold stored in safety deposit boxes overseas and foreign real estate would be helpful. Harry ...
by wesmouch
Wed May 14, 2014 9:07 am
Forum: Investing - Theory, News & General
Topic: Why 25/25/25/25 in a Permanent Portfolio?
Replies: 31
Views: 4036

Re: Why 25/25/25/25 in a Permanent Portfolio?

You can read Fail Safe Investing by Harry Browne where he outlines the rationale behind the PP. This is a masterpiece and a much better discussion of "deep risk" than the book with the same moniker by William Bernstein. Of course, Craig Rowland has an updated version which you can find more about th...
by wesmouch
Sun May 11, 2014 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: 2.5 mil to 10 mil - are we on track
Replies: 91
Views: 11921

Re: 2.5 mil to 10 mil - are we on track

I am not sure about this fixation on $10 million. You are likely living on about $120,000 per year now. You would only need to replace that to keep your lifestyle. My calcuation of your numbers: $400,000 gross income minus about $120,000 taxes (federal and state) guessing minus $125,000 savings minu...
by wesmouch
Fri May 09, 2014 5:04 am
Forum: Personal Consumer Issues
Topic: Electric Bills going up Again - window A/C?
Replies: 33
Views: 3285

Re: Electric Bills going up Again - window A/C?

[OT comments removed by admin LadyGeek]
by wesmouch
Thu May 08, 2014 6:02 am
Forum: Personal Finance (Not Investing)
Topic: I like the investment strategy , not really the lifestyle
Replies: 67
Views: 8401

Re: I like the investment strategy , not really the lifestyl

Laurence Kotlikoff at Boston University writes about this. He calls this "consumption smoothing". You might want to google him to check out his work.
by wesmouch
Wed May 07, 2014 1:00 pm
Forum: Personal Consumer Issues
Topic: What is the best all-inclusive resort you have ever visited?
Replies: 45
Views: 8205

Re: What is the best all-inclusive resort you have ever visi

We have been to a variety of Riu all inclusives in Mexico and the Dominican Republic. They have been superb. The food is excellent. They typically have three price point resorts clustered together with the Riu Palace being the top of the line
by wesmouch
Tue May 06, 2014 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: How to Prevent Investment Adviser Fraud
Replies: 16
Views: 2345

Re: How to Prevent Investment Adviser Fraud

Many advisory firms use a firm like Schwab as a custodian. This prevents them from absconding with the funds. I would not have a firm both manage your money and be a custodian. With that said if you frequent this forum you probably know that you would be better off investing the money yourself. Even...
by wesmouch
Sun May 04, 2014 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: 80/20 stocks/gold portfolio
Replies: 32
Views: 4522

Re: 80/20 stocks/gold portfolio

In Argentina it is common for Argentine citizens to keep US$100 bills in safety deposit boxes in banks in Uruguay. I am not sure why the same thing would not work for gold. At this time US citizens are not required to disclose gold held in safety deposit boxes overseas.
by wesmouch
Thu May 01, 2014 11:29 am
Forum: Investing - Theory, News & General
Topic: Blog: Harry Browne's Permanent Portfolio
Replies: 79
Views: 21050

Re: Blog: Harry Browne's Permanent Portfolio

Just to reiterate what I've posted before, holding a mix of 25% stocks, 50% treasury securities, and 25% gold has historically been a low-volatility allocation. It is one of several allocations that cuts "left tail risk"; i.e, the magnitude of portfolio drawdowns. The price of doing that is that yo...
by wesmouch
Thu May 01, 2014 11:21 am
Forum: Investing - Theory, News & General
Topic: Blog: Harry Browne's Permanent Portfolio
Replies: 79
Views: 21050

Re: Blog: Harry Browne's Permanent Portfolio

Of course the problem with 25% stocks, 75% treasuries is if the dollar undergoes significant loss of value. Granted the stocks will hold up somewhat but 75% of your money is swirling the porcelain drain. Also with really high inflation (10% or so) both stocks and treasuries take a hit. Again the sto...
by wesmouch
Thu May 01, 2014 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Tell Me I'm Stupid To Consider Quitting My Job and Moving
Replies: 163
Views: 45497

Re: Tell Me I'm Stupid To Consider Quitting My Job and Movin

I don't think you can live a year round simple enjoyable lifestyle when there is 6 months of winter. I live in Fargo, ND. We have closer to 7 months of near winter. In reality we have 2 months of summer (July, August), 1 month of fall (October) 6 months of winter (November, December, January, Febru...
by wesmouch
Thu May 01, 2014 9:24 am
Forum: Investing - Help with Personal Investments
Topic: 80/20 stocks/gold portfolio
Replies: 32
Views: 4522

Re: 80/20 stocks/gold portfolio

Gold might not be a bad choice for diversification purposes, but make no mistake that a 80/20 stocks/gold portfolio is more risky than a 80/20 stocks/bond portfolio. Instead, if you want to hold gold, take it out of the stock portion (of course i'm assuming you have picked the correct bond percenta...
by wesmouch
Thu May 01, 2014 6:06 am
Forum: Investing - Help with Personal Investments
Topic: 80/20 stocks/gold portfolio
Replies: 32
Views: 4522

Re: 80/20 stocks/gold portfolio

For US based investors an 60% stock, 20% gold and 20% long bonds seems to have better performance characteristics. From http://www.peaktotrough.com/hbpp.cgi 80/20 portfolio (stocks, gold) 1971 - 2014 CAGR 10.29%, SD 11.59 60/20/20 portfolio (stocks, gold, long bonds) CAGR 10.24% SD 9.22% BY the way ...
by wesmouch
Wed Apr 30, 2014 6:11 pm
Forum: Investing - Theory, News & General
Topic: Blog: Harry Browne's Permanent Portfolio
Replies: 79
Views: 21050

Re: Blog: Harry Browne's Permanent Portfolio

Bernstein's quote about huge tracking error in the HBPP (Harry Browne Permanent Portfolio) cuts both ways. Sometimes you get big losses in classic investments: VBIAX (Vanguard Balanced) 2008 -22.12% 2013 18.10 HBPP 2008 -0.7% 2013 -2.4 Then there is the diddy about inferior returns. The HBPP is said...