Search found 1262 matches

by WanderingDoc
Tue Dec 04, 2018 9:18 pm
Forum: Investing - Help with Personal Investments
Topic: Considering residential real estate investment
Replies: 74
Views: 5145

Re: Considering residential real estate investment

I'm considering purchasing a condominium with cash in a college town (professional area, not college kids) that costs $200,000 (including cost for renovations). The property would be valued around $230,000 after renovations. I would like to then rent the property for a steady source of income. I am...
by WanderingDoc
Tue Dec 04, 2018 9:16 pm
Forum: Investing - Theory, News & General
Topic: What percent of Managers beat the market BEFORE fees?
Replies: 94
Views: 5968

Re: What percent of Managers beat the market BEFORE fees?

What percent of Managers beat the market before they charge their Fees? According to S&P research, about 20% of U.S. domestic equity funds beat the market before fees. It drops to 12% after fees. https://us.spindices.com/documents/research/research-spiva-institutional-scorecard-how-much-do-fees-aff...
by WanderingDoc
Tue Dec 04, 2018 9:11 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8798
Views: 1691375

Re: U.S. stocks in freefall

There are asset classes which have certain benefits not available to paper investors. Like a monthly income stream that can help you achieve financial freedom before you are old or dead. Legally not having to pay taxes on your income is a nice bonus as well. Not exactly joking! I can make the same ...
by WanderingDoc
Tue Dec 04, 2018 6:51 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8798
Views: 1691375

Re: U.S. stocks in freefall

Or you can put that money into something that produces income now, tomorrow, and in 20 years. sorry, I must be missing the joke here. No money down real estate; ask me how. How? Simply attend a no obligation seminar to find out more. Humor is a great self defense mechanism, helps when you are inves...
by WanderingDoc
Tue Dec 04, 2018 6:47 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8798
Views: 1691375

Re: U.S. stocks in freefall

Pushed all my dry powder in today on Fidelity Total Stock Market Hope it goes up before I retire in 20 years. Or you can put that money into something that produces income now, tomorrow, and in 20 years. sorry, I must be missing the joke here. There are asset classes which have certain benefits not...
by WanderingDoc
Tue Dec 04, 2018 5:57 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8798
Views: 1691375

Re: U.S. stocks in freefall

Pushed all my dry powder in today on Fidelity Total Stock Market Hope it goes up before I retire in 20 years. Or you can put that money into something that produces income now, tomorrow, and in 20 years. I don't know if you (or I) will be around, mobile, or healthy in 20 years, but I am fairy certa...
by WanderingDoc
Tue Dec 04, 2018 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Considering residential real estate investment
Replies: 74
Views: 5145

Re: Considering residential real estate investment

I was thinking about you before looking at your username, i remember earlier this year and last year you always backed real estate. I finally bought my first place in August, 3 bed 2 bath single family home for 190k. Currently living in one room and renting out the other 2 to my friends (who have b...
by WanderingDoc
Tue Dec 04, 2018 1:50 am
Forum: Personal Consumer Issues
Topic: Retired in your late 40s or early 50s?
Replies: 87
Views: 14036

Re: Retired in your late 40s or early 50s?

If you pay $250/mo. in rent you could have retired at 30. Not sure why you waited so long. In any case, enjoy! LOL. Actually I couldn't of because I was married with 2 kids and a Networth of about 70k. But after I was divorced at 39 I went on a mission to build a networth of 1M and actually hit 1.8...
by WanderingDoc
Tue Dec 04, 2018 12:46 am
Forum: Personal Consumer Issues
Topic: Retired in your late 40s or early 50s?
Replies: 87
Views: 14036

Re: Retired in your late 40s or early 50s?

Retired in May at 59 and now live full time in Mazatlan, Mexico 1 block from the ocean. Love it. Rent 250 USD give or take depending on the exchange rate. I inline skate a couple hours in the morning, sometimes surf fish a couple hours, go for a run after sunset and usually hang out somewhere outsi...
by WanderingDoc
Tue Dec 04, 2018 12:43 am
Forum: Investing - Theory, News & General
Topic: Ally Invest (Up To $3500 Offer)
Replies: 9
Views: 2379

Re: Ally Invest (Up To $3500 Offer)

djkimd wrote:
Tue Dec 04, 2018 12:35 am
few months ago, my brother did this with schwab.
had to get approval, but in the end, similar rules;
- he deposited 2M and the bonus was 4k.
Who said the saying "you need money to make money" was a myth! :P
by WanderingDoc
Sun Dec 02, 2018 8:42 pm
Forum: Investing - Theory, News & General
Topic: What percent of Managers beat the market BEFORE fees?
Replies: 94
Views: 5968

Re: What percent of Managers beat the market BEFORE fees?

It's funny to see numerous posters on this thread quite bent on asserting that a (non-negligible) minority of fund managers can make a real difference. I have yet to hear a single hard fact going in this direction. Admittedly, most people on this forum (incl. myself) may have a bit of a selective l...
by WanderingDoc
Sun Dec 02, 2018 6:05 pm
Forum: Investing - Theory, News & General
Topic: What percent of Managers beat the market BEFORE fees?
Replies: 94
Views: 5968

Re: What percent of Managers beat the market BEFORE fees?

When I choose a plumber, or a prom date, its not (very) hard to weed out the bad ones. Logically, the same logic would apply to fund managers. That has not held up empirically. The track record for choosing active managers a priori who will outperform has been poor even among financial pros with fa...
by WanderingDoc
Sun Dec 02, 2018 5:16 pm
Forum: Investing - Theory, News & General
Topic: What percent of Managers beat the market BEFORE fees?
Replies: 94
Views: 5968

Re: What percent of Managers beat the market BEFORE fees?

Most data, thanks I think to regulations, is after the expense ratio. (It doesn't include sales loads for load funds, or transaction costs). It is my personal belief , just an impression, that many managers probably do have the skill to generate something like 0.5%/year in alpha through clever sele...
by WanderingDoc
Sun Dec 02, 2018 5:07 pm
Forum: Investing - Theory, News & General
Topic: What percent of Managers beat the market BEFORE fees?
Replies: 94
Views: 5968

Re: What percent of Managers beat the market BEFORE fees?

What percent of Managers beat the market before they charge their Fees? According to S&P research, about 20% of U.S. domestic equity funds beat the market before fees. It drops to 12% after fees. https://us.spindices.com/documents/research/research-spiva-institutional-scorecard-how-much-do-fees-aff...
by WanderingDoc
Sun Dec 02, 2018 3:19 am
Forum: Investing - Help with Personal Investments
Topic: Considering residential real estate investment
Replies: 74
Views: 5145

Re: Considering residential real estate investment

I own one rental property (a duplex). I live in the property, and like owning my own dwelling outright. I don't mind not having a mortgage on it, but if I were serious about real estate the smart move would be to use leverage. Not using leverage on real estate is dumb, considering the tax advantage...
by WanderingDoc
Sat Dec 01, 2018 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Too Much Savings Regret
Replies: 112
Views: 16917

Re: Too Much Savings Regret

I'm in awe as I read Boglehead topics on how people are trying to save 20/50 times their salary for retirement and wonder if this can be done successfully without sacrificing "enjoyment"? There are several issues at work here. First, if you're earning $200k in a low cost of living area, you can eas...
by WanderingDoc
Sat Dec 01, 2018 5:59 pm
Forum: Investing - Theory, News & General
Topic: The Coming Retirement Crisis - Real Vision
Replies: 14
Views: 3169

Re: The Coming Retirement Crisis - Real Vision

Oh geez with the foreboding music.

The financial industry makes it's money from spreading fear and worry. It's the oldest trick in the book.
by WanderingDoc
Sat Dec 01, 2018 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: Considering residential real estate investment
Replies: 74
Views: 5145

Re: Considering residential real estate investment

If I get into REI, wouldn't I want cash flow over ROI? I could get infinite ROI if I made $1 on a $0 down loan. That seems silly to me. All that gives me is braggin' rights on the Bogleheads fora. What I would really like to do is take $400k and have it generate $40k/year in net cash flow. That sur...
by WanderingDoc
Sat Dec 01, 2018 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Considering residential real estate investment
Replies: 74
Views: 5145

Re: Considering residential real estate investment

I'm considering purchasing a condominium with cash in a college town (professional area, not college kids) that costs $200,000 (including cost for renovations). The property would be valued around $230,000 after renovations. I would like to then rent the property for a steady source of income. I am...
by WanderingDoc
Sat Dec 01, 2018 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Considering residential real estate investment
Replies: 74
Views: 5145

Re: Considering residential real estate investment

Note that @WanderingDoc pushes real estate hard here using excessively rosy numbers. The numbers he painted are not targeted at jeam3131’s actual situation. It’s a boilerplate quote he pulls out in every real estate thread. By his own admission he is highly leveraged and has only been in RE since 2...
by WanderingDoc
Sat Dec 01, 2018 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: Considering residential real estate investment
Replies: 74
Views: 5145

Re: Considering residential real estate investment

I'm considering purchasing a condominium with cash in a college town (professional area, not college kids) that costs $200,000 (including cost for renovations). The property would be valued around $230,000 after renovations. I would like to then rent the property for a steady source of income. I am...
by WanderingDoc
Sat Dec 01, 2018 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Too Much Savings Regret
Replies: 112
Views: 16917

Re: Too Much Savings Regret

Reading a recently, now closed topic on the merits/satisfaction (for/against) of spending money on vacations, lead me to this thought: Are there any retired Bogleheads out there who sacrificed vacations/hobbies/personal enjoyment to focus on savings for retirement only to realize that you have more...
by WanderingDoc
Sat Dec 01, 2018 2:45 pm
Forum: Investing - Theory, News & General
Topic: The five-fund portfolio
Replies: 12
Views: 1840

Re: The five-fund portfolio

As much as I love the simplicity of the traditional three-fund portfolio, I find it increasingly hard to recommend it. In my humble opinion, it is missing two critical assets: TIPS . Inflation is a real risk, and many people would greatly benefit from having at least some TIPS, especially as they g...
by WanderingDoc
Sat Dec 01, 2018 1:13 pm
Forum: Investing - Theory, News & General
Topic: I'm up 5% ytd and I will take it
Replies: 55
Views: 6043

Re: I'm up 5% ytd and I will take it

Alexa9 wrote:
Sat Dec 01, 2018 9:07 am
The market is not worth keeping track of day to day and hardly worth tracking year to year or worrying about. Every investor should have a 50+ year time horizon and pretty much ignore financial movements and news.
I take it you've never stepped into a hospital? :oops:
by WanderingDoc
Fri Nov 30, 2018 1:12 am
Forum: Investing - Help with Personal Investments
Topic: American in Japan - trying to lower JP tax while investing
Replies: 11
Views: 657

Re: American in Japan - trying to lower JP tax while investing

Hello everyone, american living in Japan. I have been reading for weeks now trying to find the right strategy. My goal is to lower my Japanese tax, so I figured why not lower my taxable income via investments. As the IRS is very punitive against PFICs, Iam looking at my options. 1. iDeco (tax defer...
by WanderingDoc
Thu Nov 29, 2018 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce [financial implications]
Replies: 109
Views: 14335

Re: Divorce

This is academic, but it's interesting how many times the 50/50 split came up. It seems so fair doesn't it. How can it be fair (I know it was rhetorical question)? It must be some kind of anti feminist conservative thing, because it makes no sense otherwise. My parents divorced in 1977. The judge t...
by WanderingDoc
Thu Nov 29, 2018 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce [financial implications]
Replies: 109
Views: 14335

Re: Divorce

This is academic, but it's interesting how many times the 50/50 split came up. It seems so fair doesn't it. How can it be fair (I know it was rhetorical question)? It must be some kind of anti feminist conservative thing, because it makes no sense otherwise. My parents divorced in 1977. The judge t...
by WanderingDoc
Thu Nov 29, 2018 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce [financial implications]
Replies: 109
Views: 14335

Re: Divorce [financial implications]

[snip...] Hopefully you learned your lesson. Marriage has no benefit to one of the genders. To this day, I have not been told one. I'm sorry it didn't work out for you, but this forum is full of people whose lives have been made more productive and happy through good (lucky?) choices of spouse. In ...
by WanderingDoc
Wed Nov 28, 2018 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce [financial implications]
Replies: 109
Views: 14335

Re: Divorce [financial implications]

I have a slightly different take, in that I was on the receiving end of a hostile divorce, and lawyers were a must. The collaborative/single lawyer/mediation approach was suggested at one point, but there was nothing about my wife's approach that was oriented toward mediation or working anything ou...
by WanderingDoc
Wed Nov 28, 2018 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce [financial implications]
Replies: 109
Views: 14335

Re: Divorce

I got divorced in my early 30's. Thankfully we qualified for a "quickie" divorce because we had been married less than 8 years, we didn't have kids, and we had limited assets. My ex-wife spent every spare nickel we had on clothes, shoes, and entertainment while flying all over the country for her j...
by WanderingDoc
Wed Nov 28, 2018 2:33 pm
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 17072

Re: Do you need to invest mostly in stocks to get rich?

You left out a key fact - location. Did your parents buy in CA like you have? There's always going to be stories like yours because there's always going to be a local market somewhere in the US that sees insane price appreciation. The first issue is identifying it beforehand. The second issue is no...
by WanderingDoc
Wed Nov 28, 2018 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Quit Bothering with Backdoor Roth and/or IRA?
Replies: 20
Views: 2546

Re: Should I Quit Bothering with Backdoor Roth and/or IRA?

POF had a post about how backdoor Roth was not worth the hassle if you had to jump through some hoops to do it. He discusses how a backdoor saves a tax drag of about .5% on a very small portion of your portfolio. About $50-$100 a year. . If you’re married and doing this with $11,000 per year, the s...
by WanderingDoc
Wed Nov 28, 2018 1:25 pm
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 17072

Re: Do you need to invest mostly in stocks to get rich?

Thanks for the comprehensive answer. Ha ha, one of the good things about real estate is it forces one to buy and hold. There is no minute by minute value on a property, and you can't sell it in half a second. I think that is why the average person has most of their net worth in their house, because...
by WanderingDoc
Wed Nov 28, 2018 12:58 pm
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 17072

Re: Do you need to invest mostly in stocks to get rich?

Also, would it make sense if you had a 7-figure retirement portfolio to use a big chunk of it for down payments to buy 1 or more multifamily properties at one time, assuming you could get financing? This would seem to be the logical conclusion to a strong faith in real estate investment. Also, sinc...
by WanderingDoc
Wed Nov 28, 2018 12:01 pm
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 17072

Re: Do you need to invest mostly in stocks to get rich?

Not a fit for a family? Speak for yourself. Families all over the world live in apartments with dozens of neighbors near them. A 4-plex isn't a stretch. It can't be helped if you get married, and your spouse "doesn't let" you live in a 4 plex. Not only does that sound pathetic, that's a bad decisio...
by WanderingDoc
Wed Nov 28, 2018 11:53 am
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 17072

Re: Do you need to invest mostly in stocks to get rich?

Fixed that for ya. Totally agree. But you won't get very far investing $100 or $200. A 100% return of a low dollar amount is a low dollar amount. Better to have a nice steak dinner with a special someone. Go big! :P The median total savings per family in the US is $5k. That is for all ages. In othe...
by WanderingDoc
Wed Nov 28, 2018 11:21 am
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 17072

Re: Do you need to invest mostly in stocks to get rich?

Stuff deleted I'm curious how long you think it would take the average person to save enough for a down payment for a rental property. Where I live, the average single family costs over $500k and a multi-unit buildings more than that. I'm curious if you think people should forego a company 401k mat...
by WanderingDoc
Wed Nov 28, 2018 11:19 am
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 17072

Re: Do you need to invest mostly in stocks to get rich?

Well, this is the Bogleheads forum first of all, and I don't think most dismiss every non-index fund investment irrationally. I do think that when someone gives one anecdote and says it is so easy to make money even if you randomly approach the investment, know almost nothing and don't even speak E...
by WanderingDoc
Wed Nov 28, 2018 11:17 am
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 17072

Re: Do you need to invest mostly in stocks to get rich?

Yes, they do. When the economy is bad, when lenders no longer give out loans, people have no choice but to rent. Vacancy rates actually went down and rents ticked up during the Great Recession in many areas. Class C and B multifamily did very well too. That is why I pray for another one. Real estat...
by WanderingDoc
Wed Nov 28, 2018 1:20 am
Forum: Investing - Theory, News & General
Topic: What is your allocation to U.S. and International?
Replies: 120
Views: 7272

Re: What is your allocation to U.S. and International?

Has this been posted yet? Didn't see it... International stocks will beat US stocks over next decade: Vanguard Group "The US stock market has produced annualized returns over 10 percent in recent years. That has resulted in many investors who use traditional asset allocation to be overweight U.S. s...
by WanderingDoc
Wed Nov 28, 2018 12:25 am
Forum: Investing - Help with Personal Investments
Topic: Should I Quit Bothering with Backdoor Roth and/or IRA?
Replies: 20
Views: 2546

Re: Should I Quit Bothering with Backdoor Roth and/or IRA?

Full disclosure: not my first post. I created a dummy account so I could protect some privacy while being transparent about account sizes. I hope that's OK. I'm 56 and retired 5 years ago. Single, no kids. $4M in taxable account. $1.2M in former employer 401k. Base plan is good, plus has affordable...
by WanderingDoc
Wed Nov 28, 2018 12:20 am
Forum: Investing - Theory, News & General
Topic: First Crypto ETF Index Fund launched!!! $HODL
Replies: 67
Views: 5573

Re: First Crypto ETF Index Fund launched!!! $HODL

First ETF for cryto aka "bitcoin" was released in Switzerland under $HODL. Finally!!! Basically, it looks like a crypto index fund that tracks the largest 5 crypto and rebalance based on market cap. I'm thinking of using my play money which is currently in "alternative assets" (aka commodities, tim...
by WanderingDoc
Wed Nov 28, 2018 12:14 am
Forum: Investing - Theory, News & General
Topic: Does 100% stocks make sense for very high net worth individuals
Replies: 89
Views: 6904

Re: Does 100% stocks make sense for very high net worth individuals

Considering very higher net worth individuals will want to create generational wealth to be passed on to several generations down the line, does it make sense for these individuals to go 100% stocks, since in the long run (>40 year duration) 100% stocks almost always wins? I don't know what "very h...
by WanderingDoc
Tue Nov 27, 2018 5:51 pm
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 17072

Re: Do you need to invest mostly in stocks to get rich?

People are told that you should invest in a 401k, sacrifice, bite your tongue, have no freedom, and work for 30-40 years and then you will have enough money to retire and finally "enjoy life". Also told that when you get older, your joints will start hurting, you don't feel as great, your sex drive...
by WanderingDoc
Tue Nov 27, 2018 3:58 pm
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 17072

Re: Do you need to invest mostly in stocks to get rich?

People are told that you should invest in a 401k, sacrifice, bite your tongue, have no freedom, and work for 30-40 years and then you will have enough money to retire and finally "enjoy life". Also told that when you get older, your joints will start hurting, you don't feel as great, your sex drive ...
by WanderingDoc
Tue Nov 27, 2018 3:45 pm
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 17072

Re: Do you need to invest mostly in stocks to get rich?

You left out a key fact - location. Did your parents buy in CA like you have? There's always going to be stories like yours because there's always going to be a local market somewhere in the US that sees insane price appreciation. The first issue is identifying it beforehand. The second issue is no...
by WanderingDoc
Tue Nov 27, 2018 1:03 pm
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 17072

Re: Do you need to invest mostly in stocks to get rich?

I happen to think that its a VERY forgiving investment. Take my family for instance. My parents randomly bought real estate starting in '92, and bought a new property once every 5-7 years roughly. Now, several million in real estate equity, and ~$80K in annual net income. And guess what? They didn'...
by WanderingDoc
Tue Nov 27, 2018 11:40 am
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 17072

Re: Do you need to invest mostly in stocks to get rich?

I happen to think that its a VERY forgiving investment. Take my family for instance. My parents randomly bought real estate starting in '92, and bought a new property once every 5-7 years roughly. Now, several million in real estate equity, and ~$80K in annual net income. And guess what? They didn'...
by WanderingDoc
Mon Nov 26, 2018 11:27 pm
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 17072

Re: Do you need to invest mostly in stocks to get rich?

real estate. Don't do the get rich quick (stocks) Don't do the get rich slow (index funds) Go for the get rich for sure (real estate) :D I've been in real estate 33 years and trust me there is no getting rich for sure in this business. I have seen a lot of fortunes made and lost in the RE biz. I ha...
by WanderingDoc
Mon Nov 26, 2018 11:22 pm
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 17072

Re: Do you need to invest mostly in stocks to get rich?

real estate. Don't do the get rich quick (stocks) Don't do the get rich slow (index funds) Go for the get rich for sure (real estate) :D Only do real estate if (a) you want to devote significant time to it and (b) you are willing to accept the risks. I am not willing to do either. I devote 1-3 mont...