Search found 345 matches

by ncbill
Thu Sep 20, 2018 10:37 pm
Forum: Investing - Theory, News & General
Topic: Are unleveraged real estate returns more comparable to stock market returns or just a notch above inflation?
Replies: 66
Views: 2895

Re: Are unleveraged real estate returns more comparable to stock market returns or just a notch above inflation?

Paying a property manager (~6-10%) will usually absorb whatever cash you've got left after paying mortgage/maintenance/taxes/etc. There are special unicorns where you still make a decent return after paying the manager, e.g. you bought the home(s) at the nadir of their value in 2009, or inherited t...
by ncbill
Thu Sep 20, 2018 4:23 pm
Forum: Personal Consumer Issues
Topic: DIY Home Security: SimpliSafe vs Ooma vs Nest vs Ring vs Other?
Replies: 8
Views: 950

Re: DIY Home Security: SimpliSafe vs Ooma vs Nest vs Ring vs Other?

I'm using Ooma and I like the simplicity of the system. All the devices are powered by Amazon purchased lithium-ion rechargeable batteries. I use door, window, motion detectors, and leak monitors. The system alerts me almost instantaneously if a door/window is open or leak detected. A 911 button ap...
by ncbill
Thu Sep 20, 2018 4:19 pm
Forum: Investing - Theory, News & General
Topic: Are unleveraged real estate returns more comparable to stock market returns or just a notch above inflation?
Replies: 66
Views: 2895

Re: Are unleveraged real estate returns more comparable to stock market returns or just a notch above inflation?

Paying a property manager (~6-10%) will usually absorb whatever cash you've got left after paying mortgage/maintenance/taxes/etc. There are special unicorns where you still make a decent return after paying the manager, e.g. you bought the home(s) at the nadir of their value in 2009, or inherited th...
by ncbill
Thu Sep 20, 2018 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing Cars in Retirement
Replies: 82
Views: 5942

Re: Leasing Cars in Retirement

Not true at all, unless you trade it in and allow the dealer to rip you off. I disagree. Manufacturers "subsidize" leases by providing residuals which are higher than what you would be able to sell the car for. This applies even if you're willing to take on the considerable hassle of selling the ca...
by ncbill
Sun Sep 16, 2018 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing Cars in Retirement
Replies: 82
Views: 5942

Re: Leasing Cars in Retirement

spend some time own the leasehackr [sic] dot com forums if you're interested in leasing.

IMHO, leasing has gotten more expensive (lower residual values, higher money factors, fewer lease rebates, more purchase rebates)
over the last year or so.
by ncbill
Sat Sep 15, 2018 10:33 am
Forum: Personal Consumer Issues
Topic: Subaru Forester - ready to buy
Replies: 43
Views: 4122

Re: Subaru Forester - ready to buy

We test drove the 2018 Forester and have decided to wait for the 2019 model. It depends on if the new model improvements matter to you. To us, they do. Specifically 2019 is supposed to be quieter and has CarPlay, both were sticking points for us. Plus LED headlights and EyeSight standard. I have a ...
by ncbill
Sat Sep 15, 2018 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Fiancee
Replies: 108
Views: 9944

Re: Massive Student Loan Debt - Fiancee

Her school likely has loan counseling officers. Sometimes financial education (or at least an understanding of the loan burden and payoff options) can start there. This may also be a case for an hourly financial planner to help discuss and explain options (one with a fiduciary responsibility). Eith...
by ncbill
Fri Sep 07, 2018 2:19 pm
Forum: Personal Consumer Issues
Topic: Car Shopping, Seem to lose my Boglehead way each time help!!
Replies: 37
Views: 2887

Re: Car Shopping, Seem to lose my Boglehead way each time help!!

So my best options to be a bit more boglehead are to A) buy used about 3 years old and get over my proclivity for new B) Keep them closer to 15 years then 9-10 allowing for 120-140k miles and more years for the deprecitation to amortize over. Either way I’m wasting some money, but I can likely halv...
by ncbill
Thu Sep 06, 2018 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: Stay away from Non Traded Reits?
Replies: 23
Views: 1786

Re: Stay away from Non Traded Reits?

Unfortunately, the rest don't have any current plans to become marketable, so if I want to sell those it would be at a ~35% haircut, so I'll probably stick with them for now. The big problem I have now is that I have to find a new custodian for the above & I can't easily find info as to whether VG,...
by ncbill
Thu Sep 06, 2018 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Psychology of saving for college vs retirement
Replies: 66
Views: 3928

Re: Psychology of saving for college vs retirement

Please take care of your retirement first. I ended up having to leave full-time work in my early 30s to take care of a parent who became very ill after they managed to blow through a generous divorce settlement despite also receiving decent (lifetime) alimony. Because of the above my income for many...
by ncbill
Thu Sep 06, 2018 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: Stay away from Non Traded Reits?
Replies: 23
Views: 1786

Re: Stay away from Non Traded Reits?

One thing that every investor ought to realize is that non-traded investments are a favored device to attract investors to commission-driven sales people. You can sell it and get a large commission right up front. After you sell it, there is no daily quotation, so you don't have to waste your time ...
by ncbill
Wed Aug 15, 2018 10:51 am
Forum: Investing - Help with Personal Investments
Topic: Making money last through retirement
Replies: 26
Views: 4666

Re: Making money last through retirement

Thanks to everyone who has posted so far. Concerning my IRA with Vanguard. It sounds like there would be no tax liability at this point on the gain if I just switch funds with in Vanguard. How about on the other account? I am convinced now I should go for a much more conservative mix, but will I ha...
by ncbill
Thu Aug 02, 2018 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Vehicle Leasing...Again ;)
Replies: 23
Views: 1904

Re: Vehicle Leasing...Again ;)

$3600/year for the leased vehicle doesn't seem expensive to me because even if you sell the financed vehicle for 25k as suggested that's still $2500/year to keep the financed vehicle. That neglects to account for average market returns and maintenance that you had to spend on that vehicle too thoug...
by ncbill
Thu Aug 02, 2018 11:27 am
Forum: Personal Consumer Issues
Topic: Older Camrys - Hybrid vs regular?
Replies: 25
Views: 1690

Re: Older Camrys - Hybrid vs regular?

Our recent battery replacement was $3000+ on our 2006 Prius. The battery is from Napa and was a rebuilt one with some guarantee, no memory of the details. Slightly newer models came with better batteries, which is a consideration. Even in my not-very-green state $1500 gets you a refurbished battery...
by ncbill
Sat Jul 28, 2018 4:21 pm
Forum: Personal Consumer Issues
Topic: Regret Public School?
Replies: 75
Views: 5773

Re: Regret Public School?

When I lived in LA, both of my next door neighbors were public school teachers. They sent their kids to a private school. Ralph Yep. For me it was private school until high school, then public (most private schools stopped at 9th grade back then). Public school was OK until my high school redistric...
by ncbill
Sat Jul 28, 2018 3:43 pm
Forum: Personal Consumer Issues
Topic: disposable cell phone
Replies: 19
Views: 1402

Re: disposable cell phone

My kid wanted data while in Canada for a week last summer.

So I just ordered a T-Mobile prepaid SIM off eBay on the $75/month unlimited plan for around $25 - they just had a different number for that week.
by ncbill
Wed Jul 25, 2018 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: Investing with a Developer
Replies: 48
Views: 3707

Re: Investing with a Developer

I'd think a million bucks would be enough to get you into an existing multi-family rental with positive cashflow.
by ncbill
Wed Jul 25, 2018 12:53 pm
Forum: Personal Consumer Issues
Topic: How much car can I buy?
Replies: 46
Views: 2206

Re: How much car can I buy?

2 small children = "just buy the minivan"

$40k will get you a nicely equipped minivan of your choice of brands.
by ncbill
Fri Jul 13, 2018 1:37 pm
Forum: Investing - Theory, News & General
Topic: Home ownership vs investing -- condos vs renting, etc
Replies: 108
Views: 5935

Re: Home ownership vs investing -- condos vs renting, etc

Depreciation can offset income from rents (or a day job. As far as the day job, I thought passive income could not be used to offset employment income. IMHO it can often absorb all your returns but even hiring a property manager doesn't make your personally-held real estate a passive activity. The ...
by ncbill
Thu Jul 12, 2018 7:58 am
Forum: Investing - Theory, News & General
Topic: Home ownership vs investing -- condos vs renting, etc
Replies: 108
Views: 5935

Re: Home ownership vs investing -- condos vs renting, etc

Buying a home to live in is not an investment. See my signature. Your sage "signature" seems to ignore the impact of an obscure factor called "taxes." I suggest that you and your neighbor in the identical house switch residences and pay rent to each other, which will satisfy both prongs of you two-...
by ncbill
Tue Jul 10, 2018 11:06 am
Forum: Personal Consumer Issues
Topic: Continuing Care Community versus 55 + (no LTC and modest assets)
Replies: 61
Views: 4170

Re: Continuing Care Community versus 55 + (no LTC and modest assets)

There really aren't any guarantees with a CCRC. Especially as they renovate to improve their cash flow. My late grandparents' CCRC converted all their skilled nursing beds from semi-private to private, eliminating literally half the SNF beds available. So even if you were at the top of their priorit...
by ncbill
Sat Jul 07, 2018 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone hear of or invest in Rich Uncles?
Replies: 18
Views: 3775

Re: Anyone hear of or invest in Rich Uncles?

I have listened to their radio advertisements on KFI which is probably the #1 talk radio station in SoCal. The long time trusted DJ's go on and on about how they to are investors and what a great deal Rich Uncles is. I haven't heard much lately as Online Trading Academy seems to have taken Rich Unc...
by ncbill
Thu Jul 05, 2018 11:11 am
Forum: Personal Consumer Issues
Topic: AAA? What to do in car emergencies?
Replies: 112
Views: 8314

Re: AAA? What to do in car emergencies?

You might want to call your local towing companies and ask them what they get paid by various providers. Not long ago I read a comment by someone purporting to be a tow truck driver who said AAA paid more than the other guys (insurance or automaker "roadside assistance") so the "other than AAA" call...
by ncbill
Thu Jul 05, 2018 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Why visa
Replies: 55
Views: 5743

Re: Why visa

It's true that Visa (and master card etc) does offer a fraud protection guarantee, but better read that fine print. It has many limitations including how many times a year you claim fraud. Business account, or pass through account? That protection guarantee goes poof. You're stuck with debit legal ...
by ncbill
Thu Jul 05, 2018 10:21 am
Forum: Personal Consumer Issues
Topic: How do I fix my heating bill?
Replies: 73
Views: 3561

Re: How do I fix my heating bill?

After reading all these posts (it certainly sounds like the heat pump is not setup correctly to use the electric heat strips) I am very glad my HVAC is a heat pump with natural gas backup (no electric heat strips) If the local HVAC companies can't figure out the correct wiring it might just be worth...
by ncbill
Thu Jul 05, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Universal life insurance within ones Asset Allocation Model
Replies: 15
Views: 1454

Re: Universal life insurance within ones Asset Allocation Model

Thank you for the responses. I must say , I did not find the Universal Life Policy with the LTC rider that complicated. The main drawback in my mind is the absence of COLA. What attracted me the most is that if I am lucky enough not to need any LTC, the 200K will be left to my beneficiaries. The po...
by ncbill
Thu Jul 05, 2018 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Why visa
Replies: 55
Views: 5743

Re: Why visa

You don't need to use credit cards to get the Visa protection, just run your debit card as credit. That causes the transaction to go through the credit network and you get all the Visa fraud protections (which you do NOT get on debit card transactions). If someone steals your debit number and runs ...
by ncbill
Sat Jun 30, 2018 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Why visa
Replies: 55
Views: 5743

Re: Why visa

You don't need to use credit cards to get the Visa protection, just run your debit card as credit. That causes the transaction to go through the credit network and you get all the Visa fraud protections (which you do NOT get on debit card transactions). If someone steals your debit number and runs ...
by ncbill
Fri Jun 29, 2018 10:52 am
Forum: Personal Consumer Issues
Topic: Is today's furniture market wackier than ever?
Replies: 18
Views: 2527

Re: Is today's furniture market wackier than ever?

Nope. I remember buying furniture 30 years ago that was of inconsistent and low quality. Made by the guy down the street. How it turned out depended on how he felt that day, whether he had been out drinking the night before, whether he was in a rush and didn't care, whether he had his nephew finish...
by ncbill
Fri Jun 29, 2018 10:42 am
Forum: Investing - Help with Personal Investments
Topic: Stocks vs. rental property
Replies: 101
Views: 10432

Re: Stocks vs. rental property

Yep, sounds like he sold at market lows.

Instead, since he was retiring in 2008 he should have rebalanced to 25-35% equities in order to follow the "rising equity glide path" model to minimize sequence of return risk.

The more I read here the more I favor the above approach for retirement.
by ncbill
Fri Jun 29, 2018 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Umbrella Policy: Right amount for $7 mil net worth?
Replies: 76
Views: 10880

Re: Umbrella Policy: Right amount for $7 mil net worth?

As been stated by others, your net worth has nothing to do with how much umbrella insurance you need and discussing it in those terms means you don't understand what umbrella coverage is. I'm not sure I agree with this. Seems to me that the more assets one has, the higher the umbrella coverage shou...
by ncbill
Thu Jun 28, 2018 11:59 am
Forum: Investing - Theory, News & General
Topic: "How to invest without regret" - Daniel Kahneman
Replies: 20
Views: 2858

Re: "How to invest without regret" - Daniel Kahneman

Stumbled on an article this morning that I found interesting https://qz.com/1312744/how-to-invest-without-regrets-according-to-a-nobel-winning-economist/ . As someone who has struggled with loss aversion in investing, I've always thought Kahneman's behavioral economics theories to be spot on. I fin...
by ncbill
Thu Jun 28, 2018 11:26 am
Forum: Personal Consumer Issues
Topic: Is today's furniture market wackier than ever?
Replies: 18
Views: 2527

Re: Is today's furniture market wackier than ever?

Used furniture (with the exception of MCM) is cheaper than ever.

Picked up several sold cherry pieces at the local Habitat store.

Better-built than nearly anything you'd buy new today.
by ncbill
Thu Jun 28, 2018 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella policy-how much liability coverage
Replies: 30
Views: 2338

Re: Umbrella policy-how much liability coverage

As I understand it, your umbrella should be enough to cover your net worth. I would round up some. If someone sues you and wins, they are only going to get what you have which is your net worth. The umbrella provides insurance should this occur. Umbrella coverage in excess of your net worth is wast...
by ncbill
Thu Jun 28, 2018 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella policy-how much liability coverage
Replies: 30
Views: 2338

Re: Umbrella policy-how much liability coverage

As I understand it, your umbrella should be enough to cover your net worth. I would round up some. If someone sues you and wins, they are only going to get what you have which is your net worth. The umbrella provides insurance should this occur. Umbrella coverage in excess of your net worth is wast...
by ncbill
Wed Jun 27, 2018 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 21622

Re: Can you retire on $2M?

Yep, this should be a reality check for those planning to stay in a HCOL area after retirement. Even after the mortgage is paid-off, housing expenses, taxes, insurance will continue to be significantly more expensive vs MCOL/LCOL areas. Somewhat... but there is still a WIDE variation of experience ...
by ncbill
Wed Jun 27, 2018 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 21622

Re: Can you retire on $2M?

Honestly, I don't understand how people live on $40K, $50K or even $60K per year. Including taxes as well as healthcare before Medicare kicks in, I struggle to get it below $100K for two people, assuming we want to do anything besides sit in the house not spending money. But if we just sit in the h...
by ncbill
Wed Jun 27, 2018 7:29 am
Forum: Personal Finance (Not Investing)
Topic: IRS publishes draft 2018 1040 - Huge changes made
Replies: 156
Views: 17164

Re: IRS publishes draft 2018 1040 - Huge changes made

DrCheese wrote:
Tue Jun 26, 2018 6:40 pm
The only "problem" I have with this is putting capital gains on schedule 1. It should be on the 1040.
Now if I have a few capital gains, I have to file Schedule 1, Schedule D and Form 8949. It is a little too much.
So the "simplified needs test" under FAFSA is now no longer an option?
by ncbill
Tue Jun 26, 2018 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: Stocks vs. rental property
Replies: 101
Views: 10432

Re: Stocks vs. rental property

what are your unleveraged returns on real estate? i go back and forth... i have no particular stance on real estate other than i know NOTHING about it, and that scares me. I also just want to be a completely passive investor . I don't want to be a small business owner or manager. If I could invest ...
by ncbill
Tue Jun 26, 2018 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: When you cut spending, what do you cut?
Replies: 84
Views: 8770

Re: Retirees: When you cut spending, what do you cut?

Main thing I could cut would be rent, either by moving somewhere cheaper, or buying a house (total remaining in my SWR after downpayment and mortgage would be less). Beyond that, I have few expenses that aren't pretty necessary. Move in with family. DW's grandmother, who only had SS spousal benefit...
by ncbill
Mon Jun 25, 2018 9:35 pm
Forum: Personal Consumer Issues
Topic: Used vs New - always buy new once you get to a certain point?
Replies: 31
Views: 3101

Re: Used vs New - always buy new once you get to a certain point?

Those who have achieved FI but now want "that new car smell" often lease. Transportation becomes just another fixed monthly expense with no "lumpy" surprises like out-of-warranty repairs. Especially if they now want to drive more luxurious vehicles, whose manufacturers often incentivize leases over ...
by ncbill
Mon Jun 25, 2018 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: "Never time the market" vs. lump sum investment
Replies: 68
Views: 5440

Re: "Never time the market" vs. lump sum investment

Not clear how soon the OP wants to retire, but I'd would follow the "rising equity glide path" model were a 7-figure lump sum to drop into my lap.

I'm old enough that I'd want to use the above approach to mitigate sequence of return risk (SORR)
by ncbill
Fri Jun 22, 2018 8:38 pm
Forum: Personal Consumer Issues
Topic: Boglehead guilt with buying a car - Volvo vs Toyota Highlander
Replies: 69
Views: 4860

Re: Boglehead guilt with buying a car - Volvo vs Toyota Highlander

I know leasing isn't really popular on here, but if you don't need a lot of miles it's worth looking into. Total cost of ownership can come out significantly ahead on good deals. For example, I know from time to time you can lease an XC90 T5 for $400/mth at 10k miles/year (12k won't be much more). ...
by ncbill
Tue Jun 19, 2018 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: Value of a Military Retirement
Replies: 30
Views: 3725

Re: Value of a Military Retirement

depending on if and when I get promoted to O-6. O-6 is insanely hard to achieve in certain branches/areas/career fields. If you make that in 20 years, that will be fairly impressive. I believe doctors start at O3 or O4 so it's not as difficult. Yep, have a relative who got a great deal in their ear...
by ncbill
Mon Jun 18, 2018 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Universal life insurance within ones Asset Allocation Model
Replies: 15
Views: 1454

Re: Universal life insurance within ones Asset Allocation Model

Thank you for the responses. I must say , I did not find the Universal Life Policy with the LTC rider that complicated. The main drawback in my mind is the absence of COLA. What attracted me the most is that if I am lucky enough not to need any LTC, the 200K will be left to my beneficiaries. The po...
by ncbill
Mon Jun 18, 2018 7:46 am
Forum: Personal Consumer Issues
Topic: New refrigerator issues
Replies: 18
Views: 1854

Re: New refrigerator issues

Great information. It still is too loud though. Has anyone noticed the newer refrigerators running louder than older ones? In 2005 I replaced a refrigerator from the 60's. I was shocked by how loud the new one was. It literally woke me up at night. There was nothing wrong with it and I got used to ...
by ncbill
Sun Jun 17, 2018 7:20 pm
Forum: Investing - Theory, News & General
Topic: A different theoretical view of SWR
Replies: 63
Views: 4247

Re: A different theoretical view of SWR

Why not do the "rising glide path" approach?

IIRC, that starts at a recommended 30/70 stock/bond AA.
by ncbill
Sun Jun 17, 2018 7:15 pm
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 152
Views: 12638

Re: Which boglehead rule do you break--and are ok with

I'll be leasing the next several vehicles.

Using leasehackr [sic] dot com forums to research whatever's on sale.

I regret missing out on the $75/month Buick Encores...
by ncbill
Sun Jun 17, 2018 11:13 am
Forum: Investing - Theory, News & General
Topic: A different theoretical view of SWR
Replies: 63
Views: 4247

Re: A different theoretical view of SWR

Isn't OP's approach similar to the "wasting asset" retirement model?