Search found 622 matches

by Pizzasteve510
Tue Nov 17, 2015 1:19 am
Forum: Investing - Help with Personal Investments
Topic: CalSTRS Pension and Municipal Bond Diversification
Replies: 2
Views: 449

Re: CalSTRS Pension and Municipal Bond Diversification

Are they high income? I ask because perhaps a different taxable fund might offer both better diversification and equivalent yield after taxes. It seems reasonable to me that a retired teacher with a huge stake in CalPERS might want other income from non state sources (though I think CALPERS and CALS...
by Pizzasteve510
Tue Nov 17, 2015 1:04 am
Forum: Personal Consumer Issues
Topic: Is The Bay Area Worth It?
Replies: 159
Views: 24235

Re: Is The Bay Area Worth It?

No one is educating anyone anymore. Well, I would respectfully suggest you modify your tone if you want an honest discussion on these forums. You seem pretty angry for guy who understands the true meaning of life better than those of us who use "Kids, TV and movies as primary entertainment and...
by Pizzasteve510
Mon Nov 16, 2015 7:53 pm
Forum: Personal Consumer Issues
Topic: Is The Bay Area Worth It?
Replies: 159
Views: 24235

Re: Is The Bay Area Worth It?

.Edited out to avoid argumentative replies. People seem to feel entitle sped to bash my home as fair game. No one is educating anyone anymore.
by Pizzasteve510
Mon Nov 16, 2015 6:00 pm
Forum: Investing - Theory, News & General
Topic: Any books for how people become wealthy?
Replies: 67
Views: 8576

Re: Any books for how people become wealthy?

http://www.amazon.com/Art-Happiness-10th-Anniversary-Handbook-ebook/dp/B002UK6NO0/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr= The Art of Happiness by Dalai Lama XIV, Howard C. Cutler Nearly every time you see him, he's laughing, or at least smiling. And he makes everyone else around him fe...
by Pizzasteve510
Mon Nov 16, 2015 12:47 am
Forum: Personal Consumer Issues
Topic: Is The Bay Area Worth It?
Replies: 159
Views: 24235

Re: Is The Bay Area Worth It?

As I recall, Enron was based in Houston and Worldcom in. Jackson, Tn. Anyone who is earning a good salary (as I stated repeatedly) is advised to LWYM and invest in index funds. When stuff hits the fan, adapt.

As I said already, thread has run it course, time to lock the puppy.
by Pizzasteve510
Sat Nov 14, 2015 11:27 am
Forum: Personal Consumer Issues
Topic: At what level does the cost of something matter to you?
Replies: 64
Views: 8051

Re: At what level does the cost of something matter to you?

At no level.

Cost always matters to me.
Quality also always matters to me.

My internal 'economic cost benefit scale' doesn't ever seem to turn off, but perhaps I am deranged.
by Pizzasteve510
Sat Nov 14, 2015 11:23 am
Forum: Personal Consumer Issues
Topic: Is The Bay Area Worth It?
Replies: 159
Views: 24235

Re: Is The Bay Area Worth It?

Edited out to avoid argumentative replies. People seem to feel entitle sped to bash my home as fair game.
by Pizzasteve510
Fri Nov 13, 2015 11:20 am
Forum: Investing - Help with Personal Investments
Topic: Age 53 / Pay Off Student Loans with Inheritance?
Replies: 50
Views: 7238

Re: Age 53 / Pay Off Student Loans with Inheritance?

Perhaps the student loan forgiveness programs are bad government policy (a topic that may out of bounds for this forum). However, the objections to these programs should be directed at the policy makers, not the participants who utilize them. How can you honestly tell an individual to decline loan ...
by Pizzasteve510
Fri Nov 13, 2015 10:35 am
Forum: Personal Finance (Not Investing)
Topic: "Vacation Buy" from employer - is it worth it?
Replies: 30
Views: 6006

Re: "Vacation Buy" from employer - is it worth it?

For those saying this is a bad deal, consider that the company is still paying for the employee medical, dental, life, disability and other benefits during the week of vacation (while receiving no work during that week). If one doesn't need the income, I would take this every time. How about I just ...
by Pizzasteve510
Fri Nov 13, 2015 10:13 am
Forum: Personal Consumer Issues
Topic: Is The Bay Area Worth It?
Replies: 159
Views: 24235

Re: Is The Bay Area Worth It?

"Is The Bay Area Worth It?" Not if you want to keep your net worth. m m Please...an economist article describing how gentrification impacts in one of SFs hottest neighborhoods are displacing poor Hispanic residents means you can't live in SF and build wealth? That is just silly. Anyone ca...
by Pizzasteve510
Wed Nov 11, 2015 2:26 pm
Forum: Investing - Theory, News & General
Topic: iShares cutting core ETF expenses, launching international bond ETF
Replies: 36
Views: 4455

Re: iShares cutting core ETF expenses, launching international bond ETF

Good updates. Thanks. Several of us have predicted that a zero fees equity index fund might be possible, primarily due to other profit making opportunities ETF managers can realize via control of deal flow, equity lending activities, etc. We should have a pool to predict the day and year that the fi...
by Pizzasteve510
Wed Nov 11, 2015 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Husbands Longterm Unemployment Adjusting to New Norm
Replies: 62
Views: 10079

Re: Husbands Longterm Unemployment Adjusting to New Norm

Eight kids, I don't think so, but possible. "......I am self employed and was working 30 hrs a week making 60k while Mommying DD5 and DS3...." I read the info as "Dear Daughter 5 years old" and "Dear Son 3 years old." Broken Man 1999 My bad. When we lived in Texas we h...
by Pizzasteve510
Wed Nov 11, 2015 12:21 pm
Forum: Personal Consumer Issues
Topic: Is The Bay Area Worth It?
Replies: 159
Views: 24235

Re: Is The Bay Area Worth It?

OP here. For those wondering, we chose not to move. We may set our sights on the DC area in the future. DC still has most of the upside we're looking for without as much of the downside. Lived briefly in dc. Summers are horrible. Prices in the city are pretty high also. Suburbs are a bit better. Gr...
by Pizzasteve510
Wed Nov 11, 2015 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life. Can someone sum up why its a sucker scam (in as few words as possible)
Replies: 60
Views: 7278

Re: Whole Life. Can someone sum up why its a sucker scam (in as few words as possible)

Whole life = life insurance + investment account * High fees on investment portion of combined product make it a bad deal. * Relatively expensive life insurance for insurance portion make it a bad deal. * Claims of 'guaranteed returns' are a mirage, the guarantees have fine print that make them effe...
by Pizzasteve510
Sun Nov 08, 2015 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Husbands Longterm Unemployment Adjusting to New Norm
Replies: 62
Views: 10079

Re: Husbands Longterm Unemployment Adjusting to New Norm

sell husbands car pay off your car pay off student loan +1 More data would help. Only you can decide if money spent on a luxury car and private schools are worth a later retirement age and relatively low standard of living. Maybe one of the kids will want to help you out in retirement when they sta...
by Pizzasteve510
Sun Nov 08, 2015 12:53 am
Forum: Investing - Theory, News & General
Topic: Suggested Best Practices During A Rising Interest Rate Environment
Replies: 59
Views: 9355

Re: Suggested Best Practices During A Rising Interest Rate Environment

Just seeking actionable investment theory...In the USA, with a strong chance that interest rates will soon begin to rise, for every 0.25% rate increase, what would be the best practice in adjusting one's exposure to bonds (that is, if it is a best practice to make an adjustment at all) in percentag...
by Pizzasteve510
Sat Nov 07, 2015 6:01 pm
Forum: Investing - Theory, News & General
Topic: Buy on Dip/Sell on Rise
Replies: 87
Views: 7076

Re: Buy on Dip/Sell on Rise

A broader term for this behavior is "Active Management." Studies suggest this activity fails to outperform, after management costs, fees, and commissions.
by Pizzasteve510
Sat Nov 07, 2015 5:51 pm
Forum: Personal Consumer Issues
Topic: Phishing attempt?
Replies: 19
Views: 1495

Re: Phishing attempt?

Identical, realistic looking one for PayPal in email inbox today.
by Pizzasteve510
Sat Nov 07, 2015 1:25 pm
Forum: Investing - Theory, News & General
Topic: GE Synchrony Share Exchange
Replies: 50
Views: 8651

Re: GE Synchrony Share Exchange

Can't know for sure whether it is a better deal until you can actually receive and sell the shares and then compare prices. I assume it is going to have something akin to an ex dividend price adjustment effect. I, for one, prefer to own the portfolio of GE businesses and don't care what the current ...
by Pizzasteve510
Wed Nov 04, 2015 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Should real estate income be taxed as capital gains or income?
Replies: 17
Views: 1749

Re: Should real estate income be taxed as capital gains or income?

Rental income is just that, income. Comparable to a dividend on a stock, perhaps. Appreciation of the value of the property, once sold, is treated as a capital gain. You don't pay tax on a capital gain until realized. Wishful thinking does not change the definition of tax accounting basics. Pay the...
by Pizzasteve510
Wed Nov 04, 2015 8:08 pm
Forum: Investing - Theory, News & General
Topic: Buy on Dip/Sell on Rise
Replies: 87
Views: 7076

Re: Buy on Dip/Sell on Rise

No for me, since at this time it makes no sense for me to sell. I am investing for future needs and while in the past I did, I am now trying to hold all assets. So sometimes I do buy when I think the day is good, like perhaps buying a bit more if the market dropped, but overall I am 'always buying a...
by Pizzasteve510
Tue Nov 03, 2015 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Dilemma Regarding Mortgage
Replies: 20
Views: 2964

Re: Dilemma Regarding Mortgage

I would go with the ARM. Essentially your income allows you to 'self insure' against the interest rate risk and save a lot of . I don't see interest rates sky rocking, in fact the opposite. However, if rates go crazy then you can 'rebalance' into paying down the mortgage aggressively. Most of these ...
by Pizzasteve510
Tue Nov 03, 2015 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Should real estate income be taxed as capital gains or income?
Replies: 17
Views: 1749

Re: Should real estate income be taxed as capital gains or income?

Rental income is just that, income. Comparable to a dividend on a stock, perhaps. Appreciation of the value of the property, once sold, is treated as a capital gain. You don't pay tax on a capital gain until realized. Wishful thinking does not change the definition of tax accounting basics. Pay the ...
by Pizzasteve510
Mon Nov 02, 2015 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: College Admission Time, What parents need to be aware and how to be helpful
Replies: 284
Views: 31847

Re: College Admission Time, What parents need to be aware and how to be helpful

A more regional private school would be U of Chicago and Northwestern. Graduates get great jobs at Google, Microsoft, Intel, Oracle, Facebook, etc. I only mention these companies because of the suggested math or computer science major and the fact that these schools are no where near the HQs of the...
by Pizzasteve510
Sun Nov 01, 2015 11:51 am
Forum: Investing - Theory, News & General
Topic: Why I respectfully reject ( some of) Mr. Bogle's advice
Replies: 51
Views: 9014

Re: Why I respectfully reject ( some of) Mr. Bogle's advice

I don't disagree with your strategy per se (i.e., if you can withstand a 50% loss then generally you can be 100% in stocks according to Larry Swedroe's "equity exposure....max loss" chart at m based on the 1973-1974 crash (and just as relevant in 2000-2002 and 2007-2009). However, two tho...
by Pizzasteve510
Sun Nov 01, 2015 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Mother has $5m w/ Fidelity advisor - what to do?
Replies: 28
Views: 3950

Re: Mother has $5m w/ Fidelity advisor - what to do?

Agree with above. You need to change the dynamics of this relationship. Excuse my language, but with a $5M account earning them 50k a year they need to be your B**ch, not the other way around. No need to be gentle with them. For example, I regularly call my broker and tell them to credit me for comm...
by Pizzasteve510
Sun Nov 01, 2015 11:31 am
Forum: Investing - Theory, News & General
Topic: Shifting international towards small + emerging
Replies: 59
Views: 5183

Re: Shifting international towards small + emerging

Well, VEA did better than VWO and VSS over the last 1, 3, and 5 years according to a Morningstar.com growth-of chart. SCZ did better than VEA though. That means emerging markets have been a drag on one's portfolio for a while now. It could mean that it is time to overweight emerging markets --- or ...
by Pizzasteve510
Sat Oct 31, 2015 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Investing disagreements with spouse
Replies: 86
Views: 9682

Re: Investing disagreements with spouse

Why not invite her to meet some of the gang at a future bogleheads event? Many of us Bogleheads are smart, comparatively wealthy, successful stock investors who were like her. Most of us, over time, have learned that our trading success was partly luck, perhaps due to being young and smart and seein...
by Pizzasteve510
Sat Oct 31, 2015 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard alert [Unclaimed property notice]
Replies: 53
Views: 8528

Re: Vanguard alert [Unclaimed property notice]

Per the prior link to the escheatment process, for those who are worried, all states have processes in place for a property owner, with proper documentation, to reclaim any escheated property. So even if your property was released to the state due to inactivity or another process, the owner has ever...
by Pizzasteve510
Wed Oct 28, 2015 10:55 pm
Forum: Investing - Help with Personal Investments
Topic: Employer making me close Vanguard Brokerage
Replies: 24
Views: 3218

Re: Employer making me close Vanguard Brokerage

Some firms have the conflict so no employee above a certain level can transact with the restricted entities. They usually have safe harbor entities to give their employees some choices.
by Pizzasteve510
Wed Oct 28, 2015 10:06 pm
Forum: Investing - Help with Personal Investments
Topic: Bogleheads thoughts on selling covered calls in ROTH
Replies: 9
Views: 975

Re: Bogleheads thoughts on selling covered calls in ROTHp

I've done quite well selling covered calls, earning extra income. I also got sold out of my position in Hansen Natural, now Monster Energy Drink about midway through its rise. I had 2000 shares. It never fell back to a position I was comfortable buying. Check out its 10 year results at this link: ht...
by Pizzasteve510
Tue Oct 27, 2015 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Uncertainty as Federal Employee
Replies: 54
Views: 5646

Re: Uncertainty as Federal Employee

The value of a 100% of final salary pension in a 4% discount rate world is very high. This is a bit misleading. Government pensions tend to be generous, true. However, very few people get pension that's 100% of their final salary. For one thing, pension is often based on a 3-year highest average co...
by Pizzasteve510
Mon Oct 26, 2015 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Uncertainty as Federal Employee
Replies: 54
Views: 5646

Re: Uncertainty as Federal Employee

Age 60 working for Mega Corp’s 39 years. Engineer. Canned, layed off, downsized, 3 times. Moved out of State 2 times. Nothing like coming home in the middle of the afternoon and telling your spouse that you have been canned. The look of fear, then tears. That is a memory that will stay with you for...
by Pizzasteve510
Mon Oct 26, 2015 9:21 pm
Forum: Investing - Theory, News & General
Topic: Is Wall Street Eating Your 401k Nest Egg?
Replies: 36
Views: 3552

Re: "Is Wall Street Eating Your 401(k) Nest Egg?"

Yes. Living this. Bad plan actually impacting my sig other job decisions. Leaving a bad plan will save thousands per year.
by Pizzasteve510
Mon Oct 26, 2015 7:20 pm
Forum: Investing - Theory, News & General
Topic: Do you think Ric Edelman is correct, never pay down mortgage
Replies: 407
Views: 69201

Re: Do you think Ric Edelman is correct, never pay down mortgage

Turn this inside out: Your house is paid off. Would you borrow money against the house to invest in the stock market? Probably not. If you want to lend me several hundred dollars at 3% to be paid back over 30 years, with the option to walk away at any time by giving you the equities I bought with y...
by Pizzasteve510
Sun Oct 25, 2015 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: What are your 2 retirement numbers?
Replies: 260
Views: 34096

Re: What are your 2 retirement numbers?

Check out the discussion forum for Mr Money Mustache if this is your philosophy. Lots of advice on expense cutting.
by Pizzasteve510
Sun Oct 25, 2015 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: Tax efficiency for high income non sheltered indivudual
Replies: 17
Views: 2144

Re: Tax efficiency for high income non sheltered indivudual

First, congratulations on earning a high income and having the wisdom to save instead of buying a new tesla every other year at such a young age. Also, welcome to the community. Second, I would set up your IRA account right away and get that back door Roth contribution in the books. I kick myself fo...
by Pizzasteve510
Sun Oct 25, 2015 1:21 pm
Forum: Investing - Theory, News & General
Topic: Any books for how people become wealthy?
Replies: 67
Views: 8576

Re: Any books for how people become wealthy?

For a different angle, consider that wealth is the accumulation of assets. Your true wealth is therefore actually a mix of physical objects, recognized interests in human enterprises, recognized promises of future income via instruments like debts, notes (this is what money is), family assets, skill...
by Pizzasteve510
Fri Oct 23, 2015 8:29 am
Forum: Investing - Theory, News & General
Topic: "Bogle: Tough Decade Ahead for Equity Investors"
Replies: 135
Views: 17579

Re: "Bogle: Tough Decade Ahead for Equity Investors"

The Gary Shilling interview that was posted recently (excellent 90 min well worth listening to) suggested that he feels once corporate and individual deleveraging is completed (rough estimate was 6-8 years), that a strong recovery and increased equity returns are likely at that time. He also thought...
by Pizzasteve510
Wed Oct 21, 2015 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Another Mortgage Thread With a Twist
Replies: 29
Views: 3321

Re: Another Mortgage Thread With a Twist

Based on the extra info, I would advise paying it off as a relatively safe bet investment return that makes sense. Risk tolerance is up to you, but with your wealth not having a mortgage is reasonable. Given your situation of having a substantial amount of index equities in your retirement accounts,...
by Pizzasteve510
Wed Oct 21, 2015 9:55 am
Forum: Investing - Help with Personal Investments
Topic: Another Mortgage Thread With a Twist
Replies: 29
Views: 3321

Re: Another Mortgage Thread With a Twist

Maybe a little more info about your overall situation would help us advise you. On purely financial grounds, your logic is sound. However, some advise never paying off the mortgage to fund a larger equity position as a form of mild leverage. Maybe you can provide figures on savings, equities owned i...
by Pizzasteve510
Wed Oct 21, 2015 9:44 am
Forum: Investing - Theory, News & General
Topic: Reading Larry Swedroe's book, very confused now...
Replies: 77
Views: 9650

Re: Reading Larry Swedroe's book, very confused now...

If you are not sure, I would advise sticking with what you have. If you are interested, continue learning about 'value tilting' by studying the topic some more. Read another book or two. When you feel like you understand why Larry recommends that specific portfolio, then you might consider making a ...
by Pizzasteve510
Wed Oct 21, 2015 9:25 am
Forum: Investing - Help with Personal Investments
Topic: Should I pay off a big chunk of my mortgage? Just getting started here.
Replies: 10
Views: 1625

Re: Should I pay off a big chunk of my mortgage? Just getting started here.

Welcome to the forum. I agree with the consensus to pay down the mortgage. Also, given the speed with which your anticipated disability income will come in, you might even investigate paying via a refinancing to a lower, variable rate product. A trustworthy mortgage broker might find a great deal. A...
by Pizzasteve510
Wed Oct 21, 2015 9:09 am
Forum: Investing - Help with Personal Investments
Topic: Dad is retired, mom is planning to, advice?
Replies: 12
Views: 2022

Re: Dad is retired, mom is planning to, and their finances are messy!

Seems like they could save by refinancing and/or aggressively paying down the mortgage as a way to cut back expenses. I know folks like the security of a fixed rate, but with their equity I think they could find a very cheap variable rate source of cheaper funds. Worst case it seems they have the ab...
by Pizzasteve510
Wed Oct 21, 2015 9:02 am
Forum: Personal Consumer Issues
Topic: Buying Prescription Eyeglasses Online
Replies: 31
Views: 4808

Re: Buying Prescription Eyeglasses Online

For the lowest cost provider, albeit with some quality risk, try http://www.goggles4u.com. I have bought pairs for under $10 when in sale, including sunglasses tints and shipping. Make sure you know your PD as well as RX numbers.
by Pizzasteve510
Wed Oct 21, 2015 12:01 am
Forum: Investing - Theory, News & General
Topic: Dr Bernstein: Limit Muni Bond Exposure
Replies: 110
Views: 15727

Re: Dr Bernstein: Limit Muni Bond Exposure

I agree with Larry that there seems to be illiquidity premiums for small lot issues (though tough for a retail investor to grad due the the rigged mechanisms for pricing). It seems that this expands with the barely investment grade issues like BBB rated issues with shaky insurance, that I think the ...
by Pizzasteve510
Tue Oct 20, 2015 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: Wife’s inheritance actively managed, please help!!!
Replies: 74
Views: 6679

Re: Wife’s inheritance actively managed, please help!!!

Agree with previous advice. Leave money where it is. Coach your wife to approach the management firm and say something like "great job. we look forward to keeping our account with your firm and continuing a long relationship. Going forward I would like all additional capital, and distributed ga...
by Pizzasteve510
Tue Oct 20, 2015 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: What are your 2 retirement numbers?
Replies: 260
Views: 34096

Re: What are your 2 retirement numbers?

What is your number that you will retire at once achieved? Mine is $4 million. What is your minimum number that you would retire at if work became unbearable and you had to get out of the game? Mine is $2 million. I would also need to own my home and be completely debt free with either scenario. I ...