Search found 801 matches

by AZAttorney11
Sun Apr 11, 2021 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Financing to Purchase Law Firm
Replies: 45
Views: 3695

Re: Financing to Purchase Law Firm

Thanks for all the responses.... 1. Obviously, I would never commit to that much money without having the business valued by a reputable independent firm. The valuation came back at $24.6mil. We have been talking about a $20m price for some time and the sellers are willing to honor it. 2. Firm has ...
by AZAttorney11
Sun Apr 04, 2021 8:47 am
Forum: Personal Investments
Topic: Sell SPY for VOO Lower ER after One Year - Capital Gains
Replies: 9
Views: 785

Re: Sell SPY for VOO Lower ER after One Year - Capital Gains

Leave it alone if this is a taxable account. The difference in expense ratio is less than $5 a year at your current balance.
by AZAttorney11
Thu Apr 01, 2021 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Getting Married 3 years Into Chapter 13 Bankruptcy
Replies: 4
Views: 674

Re: Getting Married 3 years Into Chapter 13 Bankruptcy

Debtors rarely confirm a Chapter 13 without the help of an attorney, so I assume you were represented by counsel. What did he / she say when you asked them this question?
by AZAttorney11
Mon Mar 15, 2021 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Trustee is refusing to give me an annual statement
Replies: 39
Views: 3762

Re: Trustee is refusing to give me an annual statement

While we are glad you have joined us, Bogleheads is a personal finance and investing forum and while well-intentioned Bogleheads may provide some suggestions for you, you won't find legal advice here. Not really a fair statement. I see legal advice given constantly. Gill +1. There's tons of legal a...
by AZAttorney11
Sat Mar 13, 2021 10:39 am
Forum: Investing - Theory, News & General
Topic: Are we in a housing bubble?
Replies: 298
Views: 36941

Re: Are we in a housing bubble?

It sure feels like another housing bubble here in Phoenix. Doesn't feel at all like the one prior to the great recession. I think, this is combination of low supply and the pandemic. If I was going to enter this market now, I'd probably rent. I'm glad I got back here before the pandemic struck. Inv...
by AZAttorney11
Fri Mar 12, 2021 8:23 am
Forum: Investing - Theory, News & General
Topic: Are we in a housing bubble?
Replies: 298
Views: 36941

Re: Are we in a housing bubble?

It sure feels like another housing bubble here in Phoenix.
by AZAttorney11
Wed Mar 10, 2021 7:58 pm
Forum: Personal Investments
Topic: Poor experience with Schwab
Replies: 42
Views: 2311

Re: Poor experience with Schwab

From time to time, I see posts on this forum of complaints about Vanguard customer service. My experience with Vanguard has been great. I wanted to share my poor experience with Schwab. The Schwab website login has been broken for many weeks. The website always shows a message “This system is tempo...
by AZAttorney11
Mon Mar 01, 2021 4:30 pm
Forum: Investing - Theory, News & General
Topic: Debt is a Negative Bond - The White Coat Investor
Replies: 542
Views: 27343

Re: Debt is a Negative Bond - The White Coat Investor

Any accountant will tell you that they go on opposite sides of a balance sheet. Is everything on one side of the balance sheet a "negative" of everything on the other side? I agree with you. Semantics aside, the real issue is does it ever make sense, liquidity aside, to hold bonds yieldin...
by AZAttorney11
Sun Feb 28, 2021 9:48 pm
Forum: Investing - Theory, News & General
Topic: Debt is a Negative Bond - The White Coat Investor
Replies: 542
Views: 27343

Re: Debt is a Negative Bond - The White Coat Investor

Do you recommend 100% stocks for people with mortgages? I think it's important to take in as much information about a particular situation before I recommend anything, but as far as "rules of thumbs" go I'm comfortable repeating this one: unless you can invest in bonds that have an expect...
by AZAttorney11
Sun Feb 28, 2021 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a $2.5M first home?
Replies: 185
Views: 14700

Re: Can we afford a $2.5M first home?

Yep, you can afford it.
by AZAttorney11
Sun Feb 28, 2021 4:27 pm
Forum: Investing - Theory, News & General
Topic: Debt is a Negative Bond - The White Coat Investor
Replies: 542
Views: 27343

Re: Debt is a Negative Bond - The White Coat Investor

What am I missing? After sufficient liquidity / emergency fund is established, it does not make sense, from a purely financial perspective, to invest in any fixed income that has an expected return lower than the effective interest rate of your mortgage. There may be psychological reasons why an inv...
by AZAttorney11
Wed Feb 24, 2021 2:49 pm
Forum: Personal Consumer Issues
Topic: Where would you live in Phoenix if you could WFH
Replies: 125
Views: 8287

Re: Where would you live in Phoenix if you could WFH

We used to have a vacation home in the North Scottsdale area. Weather wise, it starts to get uncomfortably hot by about 10am. By Noon, it's time to head inside. It'll stay hot all night until the wee AM hours. 10 pm will still be in the 90's. I'm partial to the North Scottsdale area all the way up ...
by AZAttorney11
Wed Feb 24, 2021 2:46 pm
Forum: Personal Consumer Issues
Topic: Where would you live in Phoenix if you could WFH
Replies: 125
Views: 8287

Re: Where would you live in Phoenix if you could WFH

Lexx. You really need to expand where you dine in Phoenix. I live in the Paradise Valley area of north east Phoenix. I have very nice Italian and Chinese and Mexican restaurants all within a mile of my house. Each are run by ethnic owners and chefs. Each serves good food, Maybe not MICHELIN rated b...
by AZAttorney11
Wed Feb 24, 2021 8:32 am
Forum: Personal Investments
Topic: Parents gifting my infant son $10k. What's the smartest way to invest it?
Replies: 45
Views: 3940

Re: Parents gifting my infant son $10k. What's the smartest way to invest it?

Once you have invested the $10k in the kids' name in a mutual fund account, please be a good steward of the money, and not simply forget it. With kids, the first $2200 in unearned income, which includes the capital gains and dividends, is taxed at 0%. Take advantage of this 0% bracket, make sure th...
by AZAttorney11
Fri Feb 19, 2021 3:54 pm
Forum: Investing - Theory, News & General
Topic: Questions on Using Margin to Pre-Purchase
Replies: 16
Views: 669

Re: Questions on Using Margin to Pre-Purchase

I find it fascinating to see the topics discussed on this forum shift over the years. Imagine someone asking how to leverage their investments last March or back in late 2008. It just didn't happen. Probably a lesson there. Uh... you sure about that? I don't think that's the case at all. Market Tim...
by AZAttorney11
Fri Feb 19, 2021 3:51 pm
Forum: Investing - Theory, News & General
Topic: Questions on Using Margin to Pre-Purchase
Replies: 16
Views: 669

Re: Questions on Using Margin to Pre-Purchase

I find it fascinating to see the topics discussed on this forum shift over the years. Imagine someone asking how to leverage their investments last March or back in late 2008. It just didn't happen. Probably a lesson there. Uh... you sure about that? I don't think that's the case at all. Market Tim...
by AZAttorney11
Wed Feb 17, 2021 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: "TBD" home buyers -- what's your savings approach?
Replies: 27
Views: 1377

Re: "TBD" home buyers -- what's your savings approach?

We're dealing with this issue right now, but with a bit of a twist. We bought our current home several years ago and have been fabulously lucky on the timing and subsequent appreciation. We don't know when we'll be ready to upgrade, but we estimate it will be four or five years from now. Could be th...
by AZAttorney11
Wed Feb 17, 2021 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Bad advice from Bogleheads- please think about this
Replies: 19
Views: 2341

Re: Bad advice from Bogleheads- please think about this

For those of us who remember the "Diehards" days from Morningstar, this forum has certainly changed. Overall, the good outweighs the bad, but I imagine several new posters and lurkers are flat out intimidated by some of the topics and questions. There are also several posters who need a re...
by AZAttorney11
Wed Feb 17, 2021 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Free counseling on whether to declare personal bankruptcy?
Replies: 24
Views: 2310

Re: Free counseling on whether to declare personal bankruptcy?

This is very simple. Your friend needs to find two or three attorneys who are experienced in consumer bankruptcy and licensed to practice in Nevada. The initial consult is almost always free. She needs to listen to what they have to say, ask questions where she is unclear, and then after speaking to...
by AZAttorney11
Tue Feb 16, 2021 12:34 pm
Forum: Personal Consumer Issues
Topic: Where would you live in Phoenix if you could WFH
Replies: 125
Views: 8287

Re: Where would you live in Phoenix if you could WFH

Next to Costco. Seriously though, North Scottsdale, Carefree. But you will be far from local shopping. Need wine, milk, beer, plywood, plants? Be prepared to drive. North Scottsdale has really gotten built up over the years. Yikes, tell me about it. N. Scottsdale and west to Desert Ridge are being ...
by AZAttorney11
Tue Feb 16, 2021 12:32 pm
Forum: Personal Consumer Issues
Topic: Where would you live in Phoenix if you could WFH
Replies: 125
Views: 8287

Re: Where would you live in Phoenix if you could WFH

There are those who would ONLY live in Scottsdale/PV but there are others who consider all options and come to the conclusion that Scottsdale best fits their wants/needs. My parents bought in the 90's and at the time, the best healthcare, shopping, restaurants, and all amenities were located in Sco...
by AZAttorney11
Tue Feb 16, 2021 11:46 am
Forum: Personal Consumer Issues
Topic: Where would you live in Phoenix if you could WFH
Replies: 125
Views: 8287

Re: Where would you live in Phoenix if you could WFH

West valley, e.g., Surprise. Close to shopping, hiking, everything one needs. Lower price than the east. I'd disagree but to each their own... It all depends on what you value and Surprise has very little I'd find appealing. Yeah, how frequently can you eat at Chili's, Applebee's, or a Buffalo Wild...
by AZAttorney11
Tue Feb 16, 2021 11:45 am
Forum: Personal Consumer Issues
Topic: Where would you live in Phoenix if you could WFH
Replies: 125
Views: 8287

Re: Where would you live in Phoenix if you could WFH

Next to Costco. Seriously though, North Scottsdale, Carefree. But you will be far from local shopping. Need wine, milk, beer, plywood, plants? Be prepared to drive. North Scottsdale has really gotten built up over the years. Yikes, tell me about it. N. Scottsdale and west to Desert Ridge are being ...
by AZAttorney11
Tue Feb 16, 2021 11:43 am
Forum: Personal Consumer Issues
Topic: Where would you live in Phoenix if you could WFH
Replies: 125
Views: 8287

Re: Where would you live in Phoenix if you could WFH

Do you have kids? Sending them to public or private school? I would never voluntarily live in the West Valley. Hard pass. Cave Creek, Carefree, Fountain Hills, Scottsdale, and many places in Phoenix are wonderful. I'd choose the East Valley (e.g., Scottsdale, Chandler, Tempe, Gilbert, Mesa, etc. ove...
by AZAttorney11
Fri Jan 22, 2021 1:29 pm
Forum: Personal Investments
Topic: Where to buy ITOT
Replies: 25
Views: 2233

Re: Where to buy ITOT

jackk wrote: Fri Jan 22, 2021 1:23 pm Thanks so much for your kind responses and info. Would you recommend buying VTI only at Vanguard or would it be the same at Fidelity or ETrade?
Doesn't matter. You can buy VTI or ITOT at any brokerage. I hold VTI and ITOT at Schwab.
by AZAttorney11
Fri Jan 15, 2021 5:18 pm
Forum: Investing - Theory, News & General
Topic: Is the portability of ETFs worth much?
Replies: 42
Views: 2297

Re: Is the portability of ETFs worth much?

Finally, Why do some folks fear the bid / ask spread with an ETF, but don't feel the same with mutual funds? Sure, you buy a mutual fund at the closing NAV, but the mutual fund holds underlying securities purchased on the open market, which are still subject to bid / ask spreads. I feel sure that m...
by AZAttorney11
Fri Jan 15, 2021 11:48 am
Forum: Investing - Theory, News & General
Topic: Is the portability of ETFs worth much?
Replies: 42
Views: 2297

Re: Is the portability of ETFs worth much?

Why do some folks fear the bid / ask spread with an ETF, but don't feel the same with mutual funds? Sure, you buy a mutual fund at the closing NAV, but the mutual fund holds underlying securities purchased on the open market, which are still subject to bid / ask spreads.
by AZAttorney11
Sun Jan 10, 2021 6:54 pm
Forum: Investing - Theory, News & General
Topic: When active fund management makes sense to you?
Replies: 79
Views: 5364

Re: When active fund management makes sense to you?

OP, look up PSLDX and read the thread on it if you haven't already.
by AZAttorney11
Sun Jan 10, 2021 6:27 pm
Forum: Personal Consumer Issues
Topic: Why do car salesman want to talk to me?
Replies: 63
Views: 6714

Re: Why do car salesman want to talk to me?

Dealerships now make more money in the finance office than they do the sales floor. Meaning the finance charge, GAP insurance, warranties, are more profitable than the actual vehicles themselves. I knew this going into buying my wife's van so I knew there'd be little room for negotiating since we w...
by AZAttorney11
Fri Jan 08, 2021 11:43 am
Forum: Personal Consumer Issues
Topic: Why do car salesman want to talk to me?
Replies: 63
Views: 6714

Re: Why do car salesman want to talk to me?

Dealerships now make more money in the finance office than they do the sales floor. Meaning the finance charge, GAP insurance, warranties, are more profitable than the actual vehicles themselves. I knew this going into buying my wife's van so I knew there'd be little room for negotiating since we w...
by AZAttorney11
Fri Jan 08, 2021 11:38 am
Forum: Investing - Theory, News & General
Topic: Tesla becomes most valuable car company in the world
Replies: 396
Views: 37120

Re: Tesla becomes most valuable car company in the world

I'm ready to buy some put options on TSLA, but I've said that before and thankfully never followed through. Maybe this time will be different?
by AZAttorney11
Wed Jan 06, 2021 10:54 am
Forum: Investing - Theory, News & General
Topic: Guess what beat Bogle and Buffet since 2001? SCV and International
Replies: 119
Views: 9123

Re: "Lies, Damn Lies and Statistics"

Bogleheads: This thread is a reminder of this quote popularized by Mark Twain: There are three kinds of lies: Lies, damned lies, and statistics. Past performance does not forecast future performance. Best wishes. Taylor Jack Bogle's Words of Wisdom: "The biggest mistake investors make is looki...
by AZAttorney11
Tue Dec 29, 2020 1:19 pm
Forum: Investing - Theory, News & General
Topic: A Gut Punch (Cliff Asness of AQR on the performance of multifactor equity models)
Replies: 304
Views: 18599

Re: A Gut Punch (Cliff Asness of AQR on the performance of multifactor equity models)

nedsaid, I want to let you know that I absolutely love reading your posts, especially on this thread and the small cap value heads rejoice thread. Keep fighting the good fight! I admire the time and effort you spend crafting your responses and I've learned a tremendous amount from you.
by AZAttorney11
Tue Dec 15, 2020 7:45 pm
Forum: Personal Investments
Topic: Roth IRA transfer from Vanguard to Schwab
Replies: 9
Views: 746

Re: Roth IRA transfer from Vanguard to Schwab

The only thing In my Roth IRA now is VTSAX. So are you suggesting that I change that to VTI and then transfer? I have about $35,000 in my Roth Will this transfer cost minor amounts of cash? Transferring from Vanguard to Schwab is free. Schwab also has a new account bonus. Google it and find a code....
by AZAttorney11
Tue Dec 15, 2020 7:43 pm
Forum: Investing - Theory, News & General
Topic: Can anyone reach Vanguard on the phone?
Replies: 173
Views: 14253

Re: Can anyone reach Vanguard on the phone?

Called Monday. First, I was on hold for about 20 minutes. Then I was transferred to an agent whose answering machine said "I am away from my desk. Ask for another agent", so I went back, had to call again and repeated everything. I was put on hold again for about 20 minutes until I finall...
by AZAttorney11
Sun Dec 13, 2020 3:56 pm
Forum: Personal Consumer Issues
Topic: physicians/dentists...firing patients
Replies: 7
Views: 1673

Re: physicians/dentists...firing patients

I’ve only fired one client and I didn’t regret it. A couple more were close, but a come to Jesus meeting saved the day. Sometimes you’ve gotta do what you’ve gotta do.
by AZAttorney11
Thu Dec 10, 2020 5:39 pm
Forum: Investing - Theory, News & General
Topic: Why not 100% PSLDX?
Replies: 853
Views: 98665

Re: Why not 100% PSLDX?

The minimum for PSLDX at Schwab isn't $100,000 or $1,000,000. I initially purchased $10,000 of it back in June in my Roth IRA.
by AZAttorney11
Tue Dec 08, 2020 11:54 am
Forum: Investing - Theory, News & General
Topic: Vanguard Pushing Pushing People to ETFs
Replies: 68
Views: 6366

Re: Vanguard Pushing Pushing People to ETFs

have you computed what the overall difference in cost would be on your portfolio? Are we talking thousands of dollars difference or lower? It would be negligible 100-200/year. That being said that's not really the point. The point was that previously Admiral shares were the cheaper solution and wer...
by AZAttorney11
Sat Dec 05, 2020 1:03 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Pushing Pushing People to ETFs
Replies: 68
Views: 6366

Re: Vanguard Pushing Pushing People to ETFs

have you computed what the overall difference in cost would be on your portfolio? Are we talking thousands of dollars difference or lower? It would be negligible 100-200/year. That being said that's not really the point. The point was that previously Admiral shares were the cheaper solution and wer...
by AZAttorney11
Fri Dec 04, 2020 2:58 pm
Forum: Investing - Theory, News & General
Topic: Can anyone reach Vanguard on the phone?
Replies: 173
Views: 14253

Re: What's Up With Vanguard?

People complaining about poor service at a discount provider of any service seem funny to me. If you want to be treated like a high roller, you need to pay high roller fees. Doesn't matter if that is a Hotel or a restaurant or investment house. Do you go to McDonalds and complain about the lack of ...
by AZAttorney11
Thu Dec 03, 2020 4:36 pm
Forum: Personal Investments
Topic: At what milestone did you feel secure?
Replies: 156
Views: 17649

Re: At what milestone did you feel secure?

When I passed the Bar. And again when I paid off my student loans.
by AZAttorney11
Wed Dec 02, 2020 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiated margin rates < 2% at Etrade
Replies: 15
Views: 1455

Re: Negotiated margin rates < 2% at Etrade

I've been quoted between 1.25-1.5% at Fidelity at various tiers over $500k. It would be hard to turn those rates down if they were fixed for a period of time, you only added a little bit of leverage to your portfolio, and you currently have strong earnings / human capital. I believe margin interest...
by AZAttorney11
Sun Nov 29, 2020 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Timeshare surrender denied, no idea why, please help
Replies: 163
Views: 10996

Re: Timeshare surrender denied, no idea why, please help

FIREchief wrote: Sun Nov 29, 2020 3:24 pm This thread is amusing. We have two experienced lawyers saying that the OP has no legal obligations, but still a chorus of folks convinced that OP does. :P
And an emergency room physician drawing (incorrect) legal conclusions, as noted by Bruce up thread.
by AZAttorney11
Wed Nov 25, 2020 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford this $725,000 house?
Replies: 162
Views: 12027

Re: Can we afford this $725,000 house?

........ Agree, despite already having 2 kids there are posters warning of incurring high costs of fertility treatments and adoption :oops: Ha! You noticed that too, huh? That's just Watty. That's his style for these threads. I'm shocked he hasn't posted a link to what $725,000 buys you in the Atla...
by AZAttorney11
Wed Nov 25, 2020 3:35 pm
Forum: Personal Investments
Topic: Alternatives to Vanguard, IT issues
Replies: 83
Views: 5390

Re: Alternatives to Vanguard, IT issues

Thanks for the several constructive comments. There are a couple slightly unique VG funds I’ll look into for alternatives. At one time, that would have been a longer list, but competitors have caught up. The others, “I never do anything, so doesn’t matter” or “it works fine, as good as any other, n...
by AZAttorney11
Tue Nov 24, 2020 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford this $725,000 house?
Replies: 162
Views: 12027

Re: Can we afford this $725,000 house?

Not sure how helpful the feedback in the aggregate has been to OP. Seems split between “of course you can afford” versus “no way.” OP could have a 1MM income and 10MM net worth and there would be some people that would say they couldn’t afford it, or their net worth is too low compared to income so...
by AZAttorney11
Tue Nov 24, 2020 4:54 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 4428
Views: 341007

Re: Small Cap Value heads Rejoice !!!

Jags4186 wrote: Tue Nov 24, 2020 10:45 am
caklim00 wrote: Tue Nov 24, 2020 10:30 am AVUV is now up since Jan1. I see it down to 27.47 in March and now up to 55.26.
As is VBR. Closed 2019 at 137.23. Is 138.00 right now. 2020 low was 78.23.
I got some VBR at $78.48 :sharebeer

But it looks like VBR hit an intraday low of $73.32 earlier this year.
by AZAttorney11
Sat Nov 21, 2020 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford this $725,000 house?
Replies: 162
Views: 12027

Re: Can we afford this $725,000 house?

Not sure how helpful the feedback in the aggregate has been to OP. Seems split between “of course you can afford” versus “no way.” OP could have a 1MM income and 10MM net worth and there would be some people that would say they couldn’t afford it, or their net worth is too low compared to income so...
by AZAttorney11
Sat Nov 21, 2020 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford this $725,000 house?
Replies: 162
Views: 12027

Re: Can we afford this $725,000 house?

You can absolutely afford it.
by AZAttorney11
Wed Nov 18, 2020 5:21 pm
Forum: Investing - Theory, News & General
Topic: Fed up With Flagship
Replies: 291
Views: 20244

Re: Fed up With Flagship

It’s ironic to me that some posters are hell bent on keeping money at Vanguard because other companies might change, try to screw over their heirs, or get sold / have massive management changes. It’s like these posters ignore what’s happened to Vanguard the past few years (Rick Ferri noted Buckley ...