Search found 382 matches

by randomizer
Sun Apr 23, 2017 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Helping adult children
Replies: 56
Views: 4644

Re: Helping adult children

Kenkat wrote:The other option is to tell son #2 that you know he doesn't need the money but it's a gift that we want to give you. He can save it, spend it, give it to charity - whatever - but here it is.

I like that idea.
by randomizer
Sun Apr 23, 2017 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 139
Views: 13834

Re: Any regrets living a frugal life for high income/high networth individuals?

I'm (currently) high income but not high net worth (started late). Frugality is awesome. Wish I'd practiced it more and more often!
by randomizer
Sun Apr 23, 2017 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Changes (30 years old)
Replies: 5
Views: 324

Re: Portfolio Changes (30 years old)

I don't think the lower expense ratios are worth it, but maximizers may disagree.

Not having international bonds is fine.
by randomizer
Sun Apr 23, 2017 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: how much house can we afford? Boston area.
Replies: 50
Views: 3072

Re: how much house can we afford? Boston area.

Check out threads on mortgages as negative bonds. Ask yourself how comfortable you will be with a 150% stock -50% bonds portfolio. It is a mathematical trick, but a useful thinking aid to help you see how taking a mortgage is a risk and changes the expected returns and risks of your overall financia...
by randomizer
Sun Apr 23, 2017 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage at 75 ?
Replies: 15
Views: 1705

Re: Mortgage at 75 ?

I recently went mortgage shopping and many banks had age-related conditions, like not letting the term of the mortgage exceed a certain age.
by randomizer
Sun Apr 23, 2017 1:16 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodby."
Replies: 319
Views: 31605

Re: Larry Swedroe says "Goodby."

Pretty much everything I know about bonds (beyond the basics) I know thanks to Larry. Ditto for factor-based investing. Thanks Larry.
by randomizer
Sun Apr 23, 2017 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: [Should I get an advisor?]
Replies: 14
Views: 966

Re: [Should I get an advisor?]

This forum is (almost) all the advice I need, but I don't have as much net worth as you, so I can understand why you might want a professional opinion. I just think there is a lot of professional-quality advice on here (and sometimes better than pro-quality). And in general, the more detailed the qu...
by randomizer
Wed Apr 19, 2017 6:05 pm
Forum: Personal Consumer Issues
Topic: If a doctor takes your insurance, must they accept the negotiated rate?
Replies: 62
Views: 4551

Re: If a doctor takes your insurance, must they accept the negotiated rate?

Usually, the EOB lists patient responsibility (if and as required) as well. randomizer, would you mind sharing all that information as displayed on the EOB for one of the claims that you are referring to? I will if I remember the next time I get a bill (I generally just pay them and then throw them...
by randomizer
Wed Apr 19, 2017 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 129
Views: 11785

Re: Do you have an umbrella policy?

Nope. I am loathe to give money to an insurance company. Home insurance is all I willingly pay for. I get health and life through employer. When this job ends I will lose both: I'll probably get health but not life.

Disclaimer: please don't run me.
by randomizer
Wed Apr 19, 2017 10:47 am
Forum: Investing - Help with Personal Investments
Topic: Should I bother with a 401k at present?
Replies: 25
Views: 1967

Re: Should I bother with a 401k at present?

Get emergency fund up to at least a couple of months, ideally more, then get the $1000 match, then pay down the debt.
by randomizer
Wed Apr 19, 2017 10:40 am
Forum: Personal Consumer Issues
Topic: If a doctor takes your insurance, must they accept the negotiated rate?
Replies: 62
Views: 4551

Re: If a doctor takes your insurance, must they accept the negotiated rate?

Hm. I routinely get bills from medical providers for quantities above and beyond the amount paid by the insurance company on the EOB. I have no idea whether these are legit or not, or whether they would be classified as co-insurance or co-payments. We are on a PPO and always use in-network providers.
by randomizer
Wed Apr 19, 2017 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Why do I owe so much on my taxes?
Replies: 32
Views: 3838

Re: Why do I owe so much on my taxes?

The above posters explain what happened. Yes, you can claim zero deductions. You might instead just develop an emergency fund that holds enough to be able to pay unexpected expenses like this. Tax time will come every April from this point on, and it is better to pay at the end rather than receive ...
by randomizer
Tue Apr 18, 2017 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: which mortgage to go with?
Replies: 5
Views: 732

Re: which mortgage to go with?

Option 3.
by randomizer
Tue Apr 18, 2017 12:12 am
Forum: Investing - Help with Personal Investments
Topic: [Advice needed for mother's inheritance/finances.]
Replies: 125
Views: 12236

Re: Too much inheritance to handle. Advice needed

I get saddened reading such scumbaggery.
by randomizer
Mon Apr 17, 2017 12:39 pm
Forum: Investing - Theory, News & General
Topic: Investors backing off their equity AA primarily due to 8-year bull market?
Replies: 56
Views: 4504

Re: Investors backing off their equity AA primarily due to 8-year bull market?

So anybody close to retirement is backing off on their equity exposures. Sounds like standard glide path mechanics to me. These are the most experienced investors, the ones with the largest amounts of assets and the most fortitude to weather any upcoming bear markets. Also the least likely to fall ...
by randomizer
Mon Apr 17, 2017 10:23 am
Forum: Investing - Help with Personal Investments
Topic: How much money do you need to generate $50,000 per month?
Replies: 60
Views: 7453

Re: How much money do you need to generate $50,000 per month?

BV3273 wrote:Cash that he can spend on vacations, bills, etc...

With this amount of money involved your friend should probably come here himself/herself. And then get a second opinion, and a third etc.
by randomizer
Mon Apr 17, 2017 9:20 am
Forum: Investing - Theory, News & General
Topic: How to evaluate your Personal Rate of Return?
Replies: 13
Views: 1401

Re: How to evaluate your Personal Rate of Return?

I also use that same spreadsheet, but I don't see the value in comparing to the expected rate of return. I am already picking the lowest-expense ratio funds that meet my criteria, minimizing taxes via placement in taxable vs tax-advantaged, tax-loss-harvesting when appropriate, rebalancing, and sta...
by randomizer
Sun Apr 16, 2017 11:07 pm
Forum: Investing - Theory, News & General
Topic: How to evaluate your Personal Rate of Return?
Replies: 13
Views: 1401

Re: How to evaluate your Personal Rate of Return?

I also use that same spreadsheet, but I don't see the value in comparing to the expected rate of return. I am already picking the lowest-expense ratio funds that meet my criteria, minimizing taxes via placement in taxable vs tax-advantaged, tax-loss-harvesting when appropriate, rebalancing, and stay...
by randomizer
Sun Apr 16, 2017 11:04 pm
Forum: Investing - Help with Personal Investments
Topic: Lump sum investment or DCA?
Replies: 25
Views: 1269

Re: Lump sum investment or DCA?

Lump sum it. Time in the market beats timing the market.
by randomizer
Sun Apr 16, 2017 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Is spending 15K to furnish home too much?
Replies: 39
Views: 4316

Re: Is spending 15K to furnish home too much?

"It depends."

Without knowing more about your situation, it sounds within reasonable limits.
by randomizer
Sun Apr 16, 2017 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: 'True' Cost Of A More Expensive House
Replies: 22
Views: 3693

Re: 'True' Cost Of A More Expensive House

The cheaper house is definitely the shorter path to FIRE. I nearly fell into the trap of buying a house significantly dearer than the one I bought. Time will tell if even the house I did buy was too much. (Hoping to FIRE too, but won't know for a few more years with any real clarity how realistic th...
by randomizer
Sun Apr 16, 2017 7:42 pm
Forum: Investing - Theory, News & General
Topic: Investors backing off their equity AA primarily due to 8-year bull market?
Replies: 56
Views: 4504

Re: Investors backing off their equity AA primarily due to 8-year bull market?

The fact that the bull market keeps going is evidence of the fact that people are doing exactly the opposite of decreasing their equity exposure.
by randomizer
Sun Apr 16, 2017 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: How should I increase my international equities?
Replies: 10
Views: 922

Re: How should I increase my international equities?

And even though they are small, start directing all new contributions to international until you achieve the desired balance.
by randomizer
Sat Apr 15, 2017 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: sold stock - what about taxes?
Replies: 16
Views: 994

Re: sold stock - what about taxes?

Congrats on selling high, btw.
by randomizer
Sat Apr 15, 2017 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Carrying a mortgage into retirement
Replies: 39
Views: 4503

Re: Carrying a mortgage into retirement

No way I'd feel comfortable carrying that much debt into retirement, but that is a combination of personal psychology and my pessimistic outlook on expected future returns.
by randomizer
Sat Apr 15, 2017 11:15 am
Forum: Investing - Help with Personal Investments
Topic: Young EU Investor
Replies: 64
Views: 4195

Re: Young EU Investor

TM90 wrote:I'm also from Europe my portfolio:

75% ishares msci world IWDA
15% vanguard Eurozone government bond VETY
10% cash

Set and done, rebalance annually and adjust bond+cash % to age

I admire the simplicity of your set-up.
by randomizer
Fri Apr 14, 2017 9:44 pm
Forum: Investing - Help with Personal Investments
Topic: Where to park Emergency Fund?
Replies: 32
Views: 2808

Re: Where to park Emergency Fund?

Counter to what some people believe here, I've been looking at low risk bonds to keep some emergency funds in a taxable account. Haven't settled on most optimal risk/return, but looking at short term corporate vs intermediate term corporate/bnd vs municipal tax-exempt (federal vs state specific als...
by randomizer
Fri Apr 14, 2017 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: What constitutes "a lot" of money?
Replies: 81
Views: 10942

Re: What constitutes "a lot" of money?

TheTimeLord wrote:Again wealth accumulation is isolating. (probably why many of the people here gravitate to this forum).

Very insightful.
by randomizer
Fri Apr 14, 2017 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Investing a windfall now?
Replies: 6
Views: 762

Re: Investing a windfall now?

You don't need to take a lot of risk (so you should go 50:50) but you can afford to (so you could go 70:30). Either way pick the one you believe you can stick with.
by randomizer
Fri Apr 14, 2017 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Where to park Emergency Fund?
Replies: 32
Views: 2808

Re: Where to park Emergency Fund?

You can't sell them for a year, and then will incur 3 mos interest penalty for selling until it's been 5 years, but you'll have zero risk of keeping up with inflation, pre-tax. If it is not readily accessible, it doesn't really serve the purpose of an emergency fund well. Of course, if you have cre...
by randomizer
Fri Apr 14, 2017 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Software to track asset allocation (no tickers)
Replies: 41
Views: 3176

Re: Software to track asset allocation (no tickers)

I also track asset allocation on a Google Spreadsheet. All tickered funds, I just adjust the number of shares as needed and the spreadsheet handles the math. For the non-tickered funds, I instead update the actual dollar amounts, and of course have to do that a little more frequently than with the ...
by randomizer
Fri Apr 14, 2017 2:50 pm
Forum: Investing - Theory, News & General
Topic: Jack says be realistic
Replies: 48
Views: 5777

Re: Jack says be realistic

Jack is probably right and we're all screwed. You are reading too much into this - the article says for those who are young - to keep investing, that is rule #1. Rule #2 - don't let a bear market scare you out of investing, you want to buy cheap and sell high, not sell low and buy high. Yep, I agre...
by randomizer
Fri Apr 14, 2017 10:34 am
Forum: Investing - Theory, News & General
Topic: Jack says be realistic
Replies: 48
Views: 5777

Re: Jack says be realistic

Jack is probably right and we're all screwed.
by randomizer
Fri Apr 14, 2017 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Software to track asset allocation (no tickers)
Replies: 41
Views: 3176

Re: Software to track asset allocation (no tickers)

I use Google Docs Google Sheets (Excel). I manually enter prices, keep shares updated, and even how much cash in-flow; spits out how many shares of each to buy. Setting up a personalized sheet is both fun and valuable. Agreed. I started off with a sheet to deal with rebalancing, but ended up with a...
by randomizer
Fri Apr 14, 2017 9:21 am
Forum: Personal Finance (Not Investing)
Topic: What constitutes "a lot" of money?
Replies: 81
Views: 10942

Re: What constitutes "a lot" of money?

I don't know how much my portfolio goes up or down because I don't check it every day. I check it at most every couple weeks right before my periodic automatic investment goes in, to see if I should change the fund I'm directing those funds towards for rebalancing. So I've seen it up or down by some...
by randomizer
Fri Apr 14, 2017 12:30 am
Forum: Investing - Help with Personal Investments
Topic: Moving to a Lazy portfolio : Should I wait for a market correction?
Replies: 16
Views: 1938

Re: Moving to a Lazy portfolio : Should I wait for a market correction?

I wound lump sum it. But I believe time in the market beats timing the market.
by randomizer
Fri Apr 14, 2017 12:26 am
Forum: Investing - Help with Personal Investments
Topic: 529/son got accepted to medical school whahoooo!
Replies: 30
Views: 3155

Re: 529/son got accepted to medical school whahoooo!

Move it all to cash and enjoy sleeping well
by randomizer
Thu Apr 13, 2017 7:41 am
Forum: Investing - Help with Personal Investments
Topic: Altering asset allocation to suit joint views...advice?
Replies: 15
Views: 838

Re: Altering asset allocation to suit joint views...advice?

Thank you nisiprius for your ever-illumunating posts. I always feel enriched by your patient teaching, even when I'm not the original poster who asked the question.
by randomizer
Thu Apr 13, 2017 12:16 am
Forum: Investing - Help with Personal Investments
Topic: Altering asset allocation to suit joint views...advice?
Replies: 15
Views: 838

Re: Altering asset allocation to suit joint views...advice?

It is very hard to change other people's views. You can lead a horse to water but you can't make it drink...

I would suggest getting your DH to read some books on the subject, but I don't know if that would help.
by randomizer
Wed Apr 12, 2017 10:27 pm
Forum: Investing - Help with Personal Investments
Topic: Enlarging emergency fund and the effect on asset allocation
Replies: 27
Views: 2296

Re: Enlarging emergency fund and the effect on asset allocation

Fun fact: I just did the calculation of what my total asset allocation is when treating the mortgage as a negative bond. 107% equities, -7% bonds. The riskiest it's ever been. By the end of the year, should be back down to around 90:10 (my usual allocation is 75:25). Interesting. Interesting. I gue...
by randomizer
Wed Apr 12, 2017 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: Enlarging emergency fund and the effect on asset allocation
Replies: 27
Views: 2296

Re: Enlarging emergency fund and the effect on asset allocation

Fun fact: I just did the calculation of what my total asset allocation is when treating the mortgage as a negative bond. 107% equities, -7% bonds. The riskiest it's ever been. By the end of the year, should be back down to around 90:10 (my usual allocation is 75:25). Interesting.
by randomizer
Wed Apr 12, 2017 9:04 pm
Forum: Investing - Help with Personal Investments
Topic: Young EU Investor
Replies: 64
Views: 4195

Re: Young EU Investor

I don't live in Europe, but in a portfolio of that size I'd look into Vanguard Europe mutual funds (not ETFs). They have very high minimums on their funds (100k, I think). This is not a recommendation — I don't know enough about the subject to make one — but I do think it would be worth looking at i...
by randomizer
Wed Apr 12, 2017 8:57 pm
Forum: Investing - Help with Personal Investments
Topic: First $1M Net Worth Milestone Achieved
Replies: 15
Views: 4750

Re: First $1M Net Worth Milestone Achieved

As DW and I are in mid-30s and still at early stage of our career in high-tech industry, our next target is to reach the "2nd milestone - $1M investment assets + paid-off house" before 40. Of course this couldn't be achieved w/o Bogleheads Forum so thank you so much for all your inspirati...
by randomizer
Wed Apr 12, 2017 8:47 pm
Forum: Investing - Theory, News & General
Topic: What rate of return do you use when planning for retirement?
Replies: 178
Views: 22231

Re: What rate of return do you use when planning for retirement?

JonnyDVM wrote:5% real. I don't think that's overly optimistic at all. As for all you 2% real replies? I think you're just going to end up working way too long.

As far as I can tell, Bogleheads in general tend to be more likely to be pessimistic, and rich.
by randomizer
Wed Apr 12, 2017 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: Im new, Im reading "the Book". Question for my kids....
Replies: 27
Views: 2092

Re: Im new, Im reading "the Book". Question for my kids....

I agree with the other comments about not bothering with separate accounts for the kids. Just lump it all in with your own. If you want to teach them about the value of investing, you can make a spreadsheet to track "their" money in your "family bank", calculate interest on it et...
by randomizer
Wed Apr 12, 2017 8:43 pm
Forum: Investing - Help with Personal Investments
Topic: Where to park Emergency Fund?
Replies: 32
Views: 2808

Re: Where to park Emergency Fund?

Angst wrote:You can't sell them for a year, and then will incur 3 mos interest penalty for selling until it's been 5 years, but you'll have zero risk of keeping up with inflation, pre-tax.

If it is not readily accessible, it doesn't really serve the purpose of an emergency fund well.
by randomizer
Wed Apr 12, 2017 8:26 pm
Forum: Investing - Theory, News & General
Topic: What rate of return do you use when planning for retirement?
Replies: 178
Views: 22231

Re: What rate of return do you use when planning for retirement?

I should also add, even though I put a pretty low lower bound on inflation (1%) I also put a pretty low bound on nominal returns (4%), so I'd describe my outlook as conservative (not effusively optimistic). I've also read books on hyperinflation, so I know the most reasonable assumptions can get blo...
by randomizer
Wed Apr 12, 2017 8:22 pm
Forum: Investing - Theory, News & General
Topic: What rate of return do you use when planning for retirement?
Replies: 178
Views: 22231

Re: What rate of return do you use when planning for retirement?

That said randomizer was using 1 to 2% and I think that at least the 1% is low. As you say the FED target is 2% but that's a squishy number at best. Agreed that 1% is too low. Again, all inflation estimates are "squishy", so I think factoring in the Fed target along with the nominal/TIPS ...

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