Search found 2073 matches

by knpstr
Mon Aug 20, 2018 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Excessive Emergency Room Charges - Options?
Replies: 57
Views: 2355

Re: Excessive Emergency Room Charges - Options?

Why do you think you should not pay legitimate bills for services that, apparently, you agreed to in seeking medical help? To go to the ER, it would seem that you must have been very concerned about the immediacy of an "emergency" vs seeing physician(s) the next day or seeking care from an urgent c...
by knpstr
Mon Aug 20, 2018 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Excessive Emergency Room Charges - Options?
Replies: 57
Views: 2355

Re: Excessive Emergency Room Charges - Options?

I'd pay it.

In the future you have the option that when you have a lot of pain or a health scare you can choose to stay home and save a few bucks and hope it just passes.

**Disclaimer: this is not medical advice**
by knpstr
Fri Aug 17, 2018 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds or No Bonds
Replies: 7
Views: 697

Re: Bonds or No Bonds

As a relatively young person, I hold no bonds.
by knpstr
Fri Aug 17, 2018 12:45 pm
Forum: Personal Consumer Issues
Topic: Rental House Issue
Replies: 21
Views: 2446

Re: Rental House Issue

Tenant's Rights Pamphlet published by Texas Tech in regards to tenants leaving early: Your landlord has the duty to mitigate damages if you abandon your residence in violation of your lease. Does anyone know how the landlord’s duty to mitigate losses applies if the property is listed for sale? For ...
by knpstr
Tue Aug 14, 2018 7:57 am
Forum: Personal Consumer Issues
Topic: Rental House Issue
Replies: 21
Views: 2446

Re: Rental House Issue

Thanks for the response. We are planning to sell the property after the tenant leaves. In that case, would you really let the tenant leave without any penalty for lease break? If not the rest of the lease amount, how much would you charge them? It doesn't make sense to let them leave without any pe...
by knpstr
Sat Aug 11, 2018 7:11 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 240
Views: 20267

Re: "Don't Obsess About Expense Ratios"

Or is that a form of brand loyalty/anchoring bias that behavioral economics has shown makes people more willing to shell out $ unnecessarily? Not saying everyone should dump their current funds immediately but don't just say stuck with Vanguard just cause... I think a lot of the freight of lower ex...
by knpstr
Wed Aug 08, 2018 7:11 pm
Forum: Investing - Theory, News & General
Topic: Two voices in my head
Replies: 36
Views: 2781

Re: Two voices in my head

I'm still young, I've got a minimum of 40 years to work before I can officially retire sometimes I think I err on the conservative side because of my 75/25 AA and because I just hold the market portfolio, ridiculous yeah I know but still these thoughts creep into my head. part of me says: You only ...
by knpstr
Wed Aug 08, 2018 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: Rent home with high equity or sell
Replies: 11
Views: 1219

Re: Rent home with high equity or sell

Not enough information really -- but probably sell and take advantage of primary residence tax treatment on gains, then invest that.
by knpstr
Tue Aug 07, 2018 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Landlord advice needed with section 8
Replies: 38
Views: 3587

Re: Landlord advice needed with section 8

I don't deal with section 8 but either get a new section 8 tenant or rent it to someone that isn't in the program.

Obviously you shouldn't be paying someone to stay in your place -- that isn't a good business model.
by knpstr
Sun Aug 05, 2018 5:55 pm
Forum: Personal Consumer Issues
Topic: most compelling TV character ever
Replies: 260
Views: 24285

Re: most compelling TV character ever

FIBoston wrote:
Fri Aug 03, 2018 7:16 am
Dwight Schrute is the single greatest TV character ever created.
+100
:beer
by knpstr
Sun Aug 05, 2018 2:13 pm
Forum: Investing - Theory, News & General
Topic: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]
Replies: 134
Views: 12049

Re: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]

WanderingDoc wrote:
Sun Aug 05, 2018 2:06 pm
Some good it has done Americans. 67% of Americans still live paycheck to paycheck. Almost 3/4 say they wouldn't have the CASH to come up with a $1000 car repair bill right away.
How many of those were/are on his program? Not many. After all his "1st baby step" is get $1,000 in cash, hahaha.
by knpstr
Sun Aug 05, 2018 10:41 am
Forum: Investing - Help with Personal Investments
Topic: Stress testing my portfolio
Replies: 28
Views: 2038

Re: Stress testing my portfolio

Sorry for the dumb question, but I was wondering about the actions taken to access your money: If taxable is $240K in all stock and the market drops 50% to $120K -- then you sell bonds, buy stock in retirement accounts to rebalance asset allocation, how do you access funds in retirement accounts? Or...
by knpstr
Sun Aug 05, 2018 10:19 am
Forum: Investing - Theory, News & General
Topic: How do you think about your mortgage in relation to your stock/bond portfolio?
Replies: 32
Views: 2453

Re: How do you think about your mortgage in relation to your stock/bond portfolio?

oldcomputerguy wrote:
Sat Aug 04, 2018 4:20 pm
Sandtrap wrote:
Sat Aug 04, 2018 3:35 pm
I keep it simple. A mortgage, if I had one, is a liability.
J
+1. My mortgage, when I had one, was an expense, just like my utility bills or my car payment.
+2
I would not recommend counting liabilities (the mortgage is a liability, each payment is an expense) as assets.
by knpstr
Sun Aug 05, 2018 8:12 am
Forum: Investing - Theory, News & General
Topic: US and UK Deep History: Safe Withdrawal Rates
Replies: 38
Views: 3266

Re: US and UK Deep History: Safe Withdrawal Rates

So, I guess historically a 3% or slightly more withdrawal rate looks pretty safe . So that or a bit higher might be a reasonable starting point when trying to make that initial withdrawal plan. Other than as a basis for an initial withdrawal approach I don't think that results in a set it and forge...
by knpstr
Sat Aug 04, 2018 7:22 pm
Forum: Investing - Theory, News & General
Topic: The stock market is shrinking.
Replies: 68
Views: 7283

Re: The stock market is shrinking.

I don't think there is anything I can do about this phenomena so I don't worry too much about it.

I don't necessarily think there is anything inherently bad about the shrinking number of publicly traded companies and such trends may be temporary anyway.
by knpstr
Sat Aug 04, 2018 7:12 pm
Forum: Investing - Theory, News & General
Topic: US and UK Deep History: Safe Withdrawal Rates
Replies: 38
Views: 3266

Re: US and UK Deep History: Safe Withdrawal Rates

Great easy to see analysis showing that bond heavy portfolios are riskier than equity heavy portfolios! Since this is past data, we could say that they *were* often more risky, not *are* (since future performance is not known I believe). A few times the bond-heavy portfolio seemed to provide a safe...
by knpstr
Sat Aug 04, 2018 3:02 pm
Forum: Investing - Theory, News & General
Topic: US and UK Deep History: Safe Withdrawal Rates
Replies: 38
Views: 3266

Re: US and UK Deep History: Safe Withdrawal Rates

Great easy to see analysis showing that bond heavy portfolios are riskier than equity heavy portfolios!
by knpstr
Sat Aug 04, 2018 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: [Water leak in apartment - getting out of lease?]
Replies: 9
Views: 628

Re: not an investing question, but i need help from fellow bogleheads

1. Given the info in your post you should not be liable for any damages. 2. Your renters insurance should cover any of your belongings that were damaged (if any) due to the leak. 3. What you describe as mold may actually be mildew which is much easier to clean up, bleach will clean up in a hurry. Ou...
by knpstr
Fri Aug 03, 2018 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: Safe harbor
Replies: 8
Views: 921

Re: Safe harbor

I run our SIMPLE-IRA plan through Vanguard Small Business Online.

It is super easy to use.
by knpstr
Thu Aug 02, 2018 4:40 pm
Forum: Investing - Theory, News & General
Topic: 4% rule .. but when?
Replies: 35
Views: 4166

Re: 4% rule .. but when?

So person A retires at year 2007 with $1M. This person decides he can live with $40k/year Person B has the same $1M at year 2007. At year 2009, the stock market has crashed and and lost 50% value, so $500k are left. This person decides he can live with $20k/year You could argue that 100% stocks is ...
by knpstr
Thu Aug 02, 2018 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Should I count rental equity towards our retirement number?
Replies: 9
Views: 544

Re: Should I count rental equity towards our retirement number?

I just include the cash flow towards my "number".
Certainly include the equity in your net worth calculations.

For example:
If you need $75,000 per year and rentals cash flow $25,000 per year you only need to fund $50,000 via other methods (including S.S.) to get to your "number".
by knpstr
Wed Aug 01, 2018 7:40 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffett on buying & holding index funds
Replies: 11
Views: 2709

Re: Warren Buffett on buying & holding index funds

Buffett and Munger both are investing heroes of mine. I really respect what they say, I believe they are very genuine when giving advice.
by knpstr
Wed Aug 01, 2018 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: 1.9 M windfall. My plan; input requested
Replies: 30
Views: 4584

Re: 1.9 M windfall. My plan; input requested

Anything stand out as spectacularly misguided? Thank you! That looks good. Is the $300K various real estate investments or vacation home or REITs? I'd probably just park that $300K with the $1M in equity index fund You're financially independent with $1.6M invested, but you can raise your standard ...
by knpstr
Wed Aug 01, 2018 2:56 pm
Forum: Investing - Theory, News & General
Topic: Recent windfall and the current stock market
Replies: 13
Views: 1107

Re: Recent windfall and the current stock market

Pajamas wrote:
Wed Aug 01, 2018 2:55 pm
Invest it now, according to your portfolio allocation.
+1

Do not worry about "current market conditions". Predicting the market is above everyone's pay grade.
by knpstr
Fri Jul 27, 2018 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: What is the advantage of Robo Portfolio?
Replies: 8
Views: 1011

Re: What is the advantage of Robo Portfolio?

GmanJeff wrote:
Fri Jul 27, 2018 10:52 am
...
it arguably represents a more rational way to approach investment management than alternatives which do not reply upon those kinds of findings.
...
That's a fair position --- MPT usefulness in practice is arguable.
:beer
by knpstr
Fri Jul 27, 2018 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Decision for Stay at Home Wife?
Replies: 84
Views: 3344

Re: Decision for Stay at Home Wife?

Wow, appreciate all of the quick feedback on this. I haven't had the honest conversation with my wife yet, but just wanted to have this as an option in the back of my mind in case she does want to go that route. I get the "feeling" that she wants to be a SAHM based on her asking if she could take t...
by knpstr
Fri Jul 27, 2018 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Decision for Stay at Home Wife?
Replies: 84
Views: 3344

Re: Decision for Stay at Home Wife?

What I don't want to happen is that she becomes a SAHM and just becomes "lazy" where she is taking care of the kid, but just staying in the house watching tv and doing "nothing" you know? My first child is 4 months now. My wife stays home. They only way your wife can be "lazy" is if she is a SAHM a...
by knpstr
Fri Jul 27, 2018 12:18 pm
Forum: Personal Consumer Issues
Topic: Toughest Purchase of my Life. Engagement Ring time
Replies: 207
Views: 9292

Re: Toughest Purchase of my Life. Engagement Ring time

Do people actually pass down wedding rings through the generations? If so, what are they doing with them? Obviously most of them aren't being re-used as wedding rings, or we wouldn't be having this conversation. Yes, sometimes people keep them in a box -- tell stories to their heirs, "this was your...
by knpstr
Fri Jul 27, 2018 8:47 am
Forum: Personal Consumer Issues
Topic: Millions of LifeLock email addresses may have been exposed
Replies: 17
Views: 1638

Re: Millions of LifeLock email addresses may have been exposed

On the other hand, if you’re looking for someone with experience, it sounds like they have the plenty of experience with identity theft! One of my favorite news stories was from years ago when a homeless person easily stole identity from the CEO and used it. Of course “nobody can prevent identity t...
by knpstr
Fri Jul 27, 2018 7:38 am
Forum: Investing - Help with Personal Investments
Topic: What is the advantage of Robo Portfolio?
Replies: 8
Views: 1011

Re: What is the advantage of Robo Portfolio?

Some are informed by Nobel-prize winning research. Caution: Long-Term Capital Management was informed by Nobel-prize winning research. Not saying Robo-advisors use anything remotely close to LTCM strategy -- but be weary of seeing "nobel prize winning..." and thinking so it must be good. The "Nobel...
by knpstr
Thu Jul 26, 2018 8:47 pm
Forum: Personal Consumer Issues
Topic: How to make opened bottles of wine last longer
Replies: 38
Views: 2860

Re: How to make opened bottles of wine last longer

The only reasonable way to solve this problem is to drink it faster! :beer :happy We do try to do that when we "can". But we typically will only finish a bottle during a l-o-n-g multi-course dinner. And we want to enjoy our wines at other times, smaller meals or even with some cheese as a snack. An...
by knpstr
Thu Jul 26, 2018 8:45 pm
Forum: Personal Consumer Issues
Topic: Millions of LifeLock email addresses may have been exposed
Replies: 17
Views: 1638

Re: Millions of LifeLock email addresses may have been exposed

It's ironic, I'll give you that!

But at this point people are just stealing information that has already been stolen and up for sale on the dark web.
We're all compromised. It is just for "sport" now.
by knpstr
Thu Jul 26, 2018 8:37 pm
Forum: Personal Consumer Issues
Topic: How to make opened bottles of wine last longer
Replies: 38
Views: 2860

Re: How to make opened bottles of wine last longer

The only reasonable way to solve this problem is to drink it faster! :beer

(Barefoot - Merlot, from Krogers (grocery store)... I'm quite the connoisseur!!)
by knpstr
Thu Jul 26, 2018 8:31 pm
Forum: Investing - Theory, News & General
Topic: Why is leveraging property good but leveraging stocks bad?
Replies: 206
Views: 15066

Re: Why is leveraging property good but leveraging stocks bad?

unclescrooge wrote:
Wed Jul 25, 2018 3:50 pm
In my mind if an investment doesn't have positive cash flow, it's not an investment, but rather a speculation.

But that may not be the general census, so that's a good distinction to make. Thanks for clarifying.
Wise words Scrooge!!
by knpstr
Thu Jul 26, 2018 7:27 pm
Forum: Personal Consumer Issues
Topic: Toughest Purchase of my Life. Engagement Ring time
Replies: 207
Views: 9292

Re: Toughest Purchase of my Life. Engagement Ring time

For some reason, a diamond just feels like a big scam thanks to the De Beers. If you feel this way, you'll probably have buyer's remorse for a long time. Buy something much less expensive that you will be at peace with. I'm speaking from personal experience. I feel *exactly* the same way. The diamo...
by knpstr
Thu Jul 26, 2018 7:16 pm
Forum: Personal Consumer Issues
Topic: Toughest Purchase of my Life. Engagement Ring time
Replies: 207
Views: 9292

Re: Toughest Purchase of my Life. Engagement Ring time

I've spent many months on Blue Nile and I can't push myself to pull the trigger on an engagement ring. :| Although I'm sure my girl would be extremely happy. To me, it's a complete waste of money. How can I get over this? The current ring I'm looking at 1.1 Carat, round diamond, color I, VS2, Perfe...
by knpstr
Thu Jul 26, 2018 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Too much in savings?
Replies: 5
Views: 1386

Re: Too much in savings?

Looking for suggestions. With information given: it is fine. If you need $100K of the $115K excess in a year savings account is "good enough". You could move it to a money market/high yield savings and pick up an extra ~1.5% if you wanted -- pretty easy to do. That is probably what I would do. Not ...
by knpstr
Thu Jul 26, 2018 4:18 pm
Forum: Investing - Theory, News & General
Topic: Direct Real Estate Returns
Replies: 363
Views: 16340

Re: Direct Real Estate Returns

What made your RE investments go bust? You said you owned some then had to cash flow them from your day job -- then presumably sold all of them? Or do you still have investment property? They didn't, as the nut never exceeded what I could cover from other income, and I viewed those difficulties as ...
by knpstr
Thu Jul 26, 2018 2:51 pm
Forum: Investing - Theory, News & General
Topic: Direct Real Estate Returns
Replies: 363
Views: 16340

Re: Direct Real Estate Returns

I think the biggest (most devastating) risk to real estate where I am is that the town becomes deserted. It has happened to other towns throughout history so I suppose there is a chance of that happening. I would not consider this a likely scenario, but I suppose it is possible. (I'd still consider...
by knpstr
Thu Jul 26, 2018 2:47 pm
Forum: Investing - Theory, News & General
Topic: Direct Real Estate Returns
Replies: 363
Views: 16340

Re: Direct Real Estate Returns

Nice rhetorical tool---claim that I'm arguing against the extreme position that real estate is risk free, when it's fairly obvious my point is only that some of the advocates here have a recent view of things that causes them to underestimate the risk (that some of the same people overstate the ris...
by knpstr
Thu Jul 26, 2018 2:05 pm
Forum: Investing - Theory, News & General
Topic: Direct Real Estate Returns
Replies: 363
Views: 16340

Re: Direct Real Estate Returns

And that’s all normal stuff. There’s also never a general economic collapse that leads to slumping demand for housing (locally or generally). There are confident, optimistic people who have been landlording for five years and don’t know that there were people Who felt the same way, with equal justi...
by knpstr
Thu Jul 26, 2018 1:41 pm
Forum: Investing - Theory, News & General
Topic: Direct Real Estate Returns
Replies: 363
Views: 16340

Re: Direct Real Estate Returns

Are there any non-weird extenuating circumstance that can screw this up? :happy I think the biggest (most devastating) risk to real estate where I am is that the town becomes deserted. It has happened to other towns throughout history so I suppose there is a chance of that happening. I would not co...
by knpstr
Thu Jul 26, 2018 1:34 pm
Forum: Investing - Theory, News & General
Topic: Direct Real Estate Returns
Replies: 363
Views: 16340

Re: Direct Real Estate Returns

And that’s all normal stuff. There’s also never a general economic collapse that leads to slumping demand for housing (locally or generally). There are confident, optimistic people who have been landlording for five years and don’t know that there were people Who felt the same way, with equal justi...
by knpstr
Thu Jul 26, 2018 1:19 pm
Forum: Investing - Theory, News & General
Topic: Direct Real Estate Returns
Replies: 363
Views: 16340

Re: Direct Real Estate Returns

$1,250,000 in paid off real estate at 10% yielding $125,000 in sustainable cash. Liquidity here would come from HELOC or refinancing. Income 2.5x living expenses. (I think this is my #2 choice) You should really create a capital reserves account. Every month, divert some of the cash flow and put it...
by knpstr
Thu Jul 26, 2018 12:48 pm
Forum: Investing - Theory, News & General
Topic: Direct Real Estate Returns
Replies: 363
Views: 16340

Re: Direct Real Estate Returns

That makes perfect sense. It's cash flow vs. net worth. That I can get my head around. Yes, so real estate lets you "extract" more without risking the "nest egg". If you want to frame it in that way. Since equity "nest egg size" must be sufficiently low to guard against volatility or the sequence o...
by knpstr
Thu Jul 26, 2018 10:34 am
Forum: Investing - Theory, News & General
Topic: Direct Real Estate Returns
Replies: 363
Views: 16340

Re: Direct Real Estate Returns

This seems like the only way to compare investments. There seems to be a lot of obfuscation that makes it harder to measure than it really is. There can be some other objectives of why a person may prefer real estate -- at least temporarily. So say there is real estate out there that I can put $20K...
by knpstr
Thu Jul 26, 2018 9:48 am
Forum: Investing - Theory, News & General
Topic: Direct Real Estate Returns
Replies: 363
Views: 16340

Re: Direct Real Estate Returns

If I invest $100k in index funds with an expected total return of 7% nominal, I should have $200k in about 10 years. I would assume the same applies to real estate? If I invest $100k, I should expect to have $200k in 10 years. Whether that's cash, appreciation, mortgage pay down or whatever else, I...
by knpstr
Thu Jul 26, 2018 6:58 am
Forum: Investing - Theory, News & General
Topic: If financial markets shut down, temporarily...
Replies: 42
Views: 3026

Re: If financial markets shut down, temporarily...

During WW1 markets were shutdown for, what, five months? During which people still received dividends & interest (and Social Security and pension and rent from tenants and whatever other sources of income they have). I don't think any Social Security were sent out. After all S.S. was only signed in...
by knpstr
Wed Jul 25, 2018 8:33 pm
Forum: Investing - Theory, News & General
Topic: If financial markets shut down, temporarily...
Replies: 42
Views: 3026

Re: If financial markets shut down, temporarily...

My recollection is that it took the better part of a week before I could exchange dollars, and it was a really awkward situation. And I am still quite bitter about the total lack of help I got from the American consulate, which kept saying I was "indigent." I found that quite insulting. I said I wa...
by knpstr
Wed Jul 25, 2018 8:29 pm
Forum: Investing - Theory, News & General
Topic: If financial markets shut down, temporarily...
Replies: 42
Views: 3026

Re: If financial markets shut down, temporarily...

OK, so here's a scenario I was thinking about... What if US (and probably most international) stock markets and related entities shut down, probably temporarily, for a period of weeks to months to even, say, 3 years? Precipitating cause? Sudden war, violent attack (mass destruction) on Manhattan, m...