Search found 5442 matches

by Sandtrap
Sat Sep 29, 2018 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: 0% loan to family member
Replies: 44
Views: 2756

Re: 0% loan to family member

Thanks for all the advice. It seems to coincide with my initial thought of saying nothing. I'm still not happy about it, but I don't need to be. That amount of money would probably put me over the cusp of retiring (I am on the fence now thinking I need to work another year or two). So that adds to ...
by Sandtrap
Sat Sep 29, 2018 12:38 pm
Forum: Investing - Theory, News & General
Topic: Should we stay in Crazytown because there's no where to run?
Replies: 129
Views: 15058

Re: Should we stay in Crazytown because there's no where to run?

Good question. What can you do? Everything and all you can do: 1. Diversify and maximize income streams. 2. Diversify your "fixed" side of things within your comfort zone: Treasuries, CD Ladder, Bond Funds, etc, etc. 3. Set your allocation within your ability to take risk. 4. Minimize debt to maximi...
by Sandtrap
Sat Sep 29, 2018 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: 0% loan to family member
Replies: 44
Views: 2756

Re: 0% loan to family member

Let it pass. For now. One day, as successor trustee, "at trustee's discretion" will take effect and then you will be in the captain's seat. Until then, sit tight. Eyes open. Ears open. Possibly the "loan"/(handout) will never be repaid because there are no consequences if it is not. So, one day it w...
by Sandtrap
Sat Sep 29, 2018 9:55 am
Forum: Investing - Theory, News & General
Topic: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement
Replies: 136
Views: 18038

Re: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement

I have yet to hear a logical argument for the validity of using historical data, much of it from 20th century America, to predict a specific 30-year retirement period in the future. People like me believe “the 4% rule” might actually work out well...or it might not. The biggest problem with the “th...
by Sandtrap
Sat Sep 29, 2018 9:47 am
Forum: Personal Consumer Issues
Topic: Counterfeits benefit Amazon
Replies: 14
Views: 1472

Re: Counterfeits benefit Amazon

Here is an article about counterfeits items being sold on Amazon: http://www.latimes.com/business/technology/la-fi-tn-amazon-counterfeits-20180928-story.html I recently bought an item that was not counterfeit, but was a gray market item so I couldn't get the manufacture warranty. I wonder how one i...
by Sandtrap
Sat Sep 29, 2018 9:39 am
Forum: Investing - Theory, News & General
Topic: Investment types in a no-growth environment
Replies: 35
Views: 2781

Re: Investment types in a no-growth environment

R/E residential multi unit housing income property. The population is always increasing. People need a place to live. Necessities: food, clothing, shelter. The assumption here, whether we agree with it or not, is that the population of both the U.S. and the world will decrease going forward. Very t...
by Sandtrap
Fri Sep 28, 2018 10:18 pm
Forum: Personal Consumer Issues
Topic: How to sell a 60-percent ownership share in an inherited 4-plex rental unit
Replies: 9
Views: 1224

Re: How to sell a 60-percent ownership share in an inherited 4-plex rental unit

A close relative inherited a 60-percent share in a 4-plex rental building along with her niece who owns the lesser 40-percent. The older owner is a competent individual but doesn't want the landlord responsibilities. The younger niece is not experienced, not people friendly and has proven not suita...
by Sandtrap
Fri Sep 28, 2018 5:48 pm
Forum: Investing - Theory, News & General
Topic: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement
Replies: 136
Views: 18038

Re: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement

Very interesting.
Thanks for posting.
According to the chart and projection, the odds are 100% that I'm going to be dead before running out of money :oops:
by Sandtrap
Fri Sep 28, 2018 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: getting paid as a contractor
Replies: 33
Views: 2318

Re: getting paid as a contractor

I have worked on a 1099 basis three times in the past five years and once 11 years ago. This last time I was getting paid weekly. They let me go without notice after 11 weeks. They owed me for one week of work. It turns out they are expecting a check this coming week so that they can pay me the las...
by Sandtrap
Fri Sep 28, 2018 12:07 pm
Forum: Personal Consumer Issues
Topic: Losing Passion for Hobbies. Cheap or normal aging?
Replies: 71
Views: 9112

Re: Losing Passion for Hobbies. Cheap or normal aging?

Pastimes and interests change as evolve as we ourselves change and evolve. And, the definition of what is a "hobby" also changes, with no diminish of value. School athletics, gives way to company softball, makes way for teaching toddlers how to "toddle?", evolves to shooting hoops with one's childre...
by Sandtrap
Fri Sep 28, 2018 10:27 am
Forum: Investing - Theory, News & General
Topic: Friend got back to me after my advice
Replies: 18
Views: 3912

Re: Friend got back to me after my advice

I gave the usual financial talk to a female friend about her financial advisor. Specifically, she asked him what are your fees and who do you invest my money with? My wife and I met her for drinks last night and to my surprise proclaimed she confronted her FP. She explained that she had talked to a...
by Sandtrap
Fri Sep 28, 2018 10:17 am
Forum: Personal Finance (Not Investing)
Topic: New Relationship - Best way to handle finances?
Replies: 92
Views: 6961

Re: New Relationship - Best way to handle finances?

Think of a metaphoric "3 Bucket Allocation". 1. Bucket One > Things that both of you already know and agree upon. 2. Bucket Two > Assumptions that the partner has made and you don't know about or are only seeing the tip of the iceberg. 3. Bucket Three > Assumptions that you have made and the other d...
by Sandtrap
Fri Sep 28, 2018 9:46 am
Forum: Personal Consumer Issues
Topic: What have you baked recently?
Replies: 142
Views: 14942

Re: What have you baked recently?

Baked Scallops Place scallops on baking pan, pre oiled with herb olive oil. Dabs of soy butter. Bake 400 for 18 minutes in convection oven. Dump on a shallow bowl. Drizzle with Herb x v olive oil (specialty item). Lemon, capers (just a little), Tiny drizzle of Herb Basalmic vinegar (specialty item)....
by Sandtrap
Fri Sep 28, 2018 9:32 am
Forum: Personal Consumer Issues
Topic: Framing concerns for new construction/custom build
Replies: 16
Views: 1689

Re: Framing concerns for new construction/custom build

Where possible and practical, all building materials should be raised up on lumber supports so as not to be in standing water or mud, etc, and also should be covered to protect against the elements. Once the trusses and deck is in place, the contractor should either have the roofer felt the deck or ...
by Sandtrap
Thu Sep 27, 2018 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: New Relationship - Best way to handle finances?
Replies: 92
Views: 6961

Re: New Relationship - Best way to handle finances?

If it can't be settled and talked out now, amiably, 50/50 . . . then those unattended "seeds" may turn into a thorn bush later on and drive you apart. Now is the time to lay a foundation that you both can agree upon in all areas, without resentment, without unrealistic expectations. The more you att...
by Sandtrap
Thu Sep 27, 2018 10:24 am
Forum: Personal Consumer Issues
Topic: Need advice on kitchen cabinet
Replies: 16
Views: 1138

Re: Need advice on kitchen cabinet

Hi fellow BH, I would like to "refresh" my kitchen cabinet (i.e. change color). It is about 18 years old and has this "distressed, pickled finished". I do not want to DIY. I have done my research and asked for a few quotes. Here's what I found: 1) One option is to have it professionally refinished....
by Sandtrap
Wed Sep 26, 2018 10:17 pm
Forum: Investing - Theory, News & General
Topic: Investment types in a no-growth environment
Replies: 35
Views: 2781

Re: Investment types in a no-growth environment

R/E residential multi unit housing income property.
The population is always increasing.
People need a place to live.

Necessities: food, clothing, shelter.
by Sandtrap
Wed Sep 26, 2018 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Helping a sibling
Replies: 26
Views: 3150

Re: Helping a sibling

MJS wrote:
Tue Sep 25, 2018 6:07 pm
Give them a book ... The Boglehead Guide to Investing or The Bogleheads' Guide to the Three-Fund Portfolio
+1
And email a link to this forum.
j
by Sandtrap
Tue Sep 25, 2018 9:32 am
Forum: Investing - Theory, News & General
Topic: DIYers Taking a Toll
Replies: 50
Views: 6594

Re: DIYers Taking a Toll

My oldest son was on track to be a wealth manager at a major brokerage. He recently left the field and is pursuing another opportunity. Several of his colleges are doing the same. The reason they mentioned for leaving is the DIYers are not buying their more lucrative investment products thus there ...
by Sandtrap
Tue Sep 25, 2018 9:30 am
Forum: Investing - Help with Personal Investments
Topic: To rent out our house or not
Replies: 25
Views: 1443

Re: To rent out our house or not

do you want to be a landlord? do you want to pay someone to be a landlord? is 3500 per duplex, or total? I have a trusted handyman and family who live in town, so I dont think I’d mind being a landlord. We own half of a duplex (1 unit). It would be 3500 for that unit. This is a big plus. Lot's of g...
by Sandtrap
Mon Sep 24, 2018 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to get $100k cash
Replies: 86
Views: 7765

Re: Best way to get $100k cash

Transferring a loan from one place to another isn't doing anything but playing mind games. Curious to know your opinion on refinancing to a lower rate. Is that also playing mind games ? For the most part, yes mind games. Generally I would agree with the Dave Ramsey'ism, that you shouldn't be keepin...
by Sandtrap
Mon Sep 24, 2018 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to get $100k cash
Replies: 86
Views: 7765

Re: Best way to get $100k cash

I think it's been said here that borrowing to get out of debt is not a good way to go.
Perhaps do it the old way. Save. Earn. Pay down.
j
by Sandtrap
Mon Sep 24, 2018 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Preparing for My First Recession?
Replies: 63
Views: 7418

Re: Preparing for My First Recession?

Here is one step by step approach. Actionably: 1. Start increasing the fixed side of your assets, either by investing new funds and/or selling or exchanging equities. 2. Diversify the fixed side of your assets. Blend your "emergency fund" (cash since you said it was "sitting" and bugging you). Into ...
by Sandtrap
Sun Sep 23, 2018 10:45 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Property Advice
Replies: 3
Views: 344

Re: Investment Property Advice

Hello, Bogleheads: My wife and I own our home in California and would like to purchase an investment property in South Lake Tahoe. The goal would be to get a renter to cover the cost of the mortgage. We have money we've been saving in a joint mutual fund account for years (would cover the down paym...
by Sandtrap
Sun Sep 23, 2018 4:44 pm
Forum: Personal Consumer Issues
Topic: How to get rid of rabbits
Replies: 66
Views: 3831

Re: How to get rid of rabbits

I've had a great deal of difficulty keeping rabbits away from my landscape. The Yard looks terrible as a result. Any thoughts about what to use to keep these rabbits away. Not sure but I can tell you this if you see a flock of rabbits in your yard walking backwards in single file what you have is a...
by Sandtrap
Sun Sep 23, 2018 10:43 am
Forum: Personal Consumer Issues
Topic: How to get rid of rabbits
Replies: 66
Views: 3831

Re: How to get rid of rabbits

So are moose. I eat those too. Bullwinkle? :shock: I figure that unless you're a vegetarian, you've got no moral argument to argue against hunting/eating wild game. Seems far more ethical to allow animals to live a full life in their natural environment before a few seconds of pain than to put them...
by Sandtrap
Sun Sep 23, 2018 10:39 am
Forum: Personal Consumer Issues
Topic: Minimalist Lifestyle
Replies: 92
Views: 11777

Re: Minimalist Lifestyle

I feel like as an average materialistic American, I have accumulated a lot of stuff over the years and am now trying to declutter and keep only the essentials. I read a story about a couple that sold everything except a few suitcases and lived for extended periods around the world. It sounded frigh...
by Sandtrap
Sun Sep 23, 2018 9:34 am
Forum: Personal Consumer Issues
Topic: How to get rid of rabbits
Replies: 66
Views: 3831

Re: How to get rid of rabbits

If you're going to trap them, why release them? Just eat 'em. Would you trap a chicken and relocate it? https://www.thedailymeal.com/healthy-eating/rabbit-good-you-here-are-9-best-ways-cook-it They are cute and fluffy. So are moose. I eat those too. Bullwinkle? :shock: I figure that unless you're a...
by Sandtrap
Sun Sep 23, 2018 9:26 am
Forum: Investing - Theory, News & General
Topic: How do you define your success in our life, career and job?
Replies: 25
Views: 1874

Re: How do you define your success in our life, career and job?

Some folks are more "externally defined", through input and feedback from the world around them. Others are more "internally defined" and introspective. Some more tangible oriented. Others more esoteric. And, the balance of all of the above evolves, "or devolves", as we age. Along the way there's th...
by Sandtrap
Sun Sep 23, 2018 9:17 am
Forum: Personal Consumer Issues
Topic: How to get rid of rabbits
Replies: 66
Views: 3831

Re: How to get rid of rabbits

White Coat Investor wrote:
Sun Sep 23, 2018 9:15 am
Dottie57 wrote:
Sun Sep 23, 2018 9:04 am
White Coat Investor wrote:
Sun Sep 23, 2018 8:38 am
If you're going to trap them, why release them? Just eat 'em. Would you trap a chicken and relocate it?

https://www.thedailymeal.com/healthy-ea ... ys-cook-it
They are cute and fluffy.
So are moose. I eat those too.
Bullwinkle?
:shock:
by Sandtrap
Sun Sep 23, 2018 9:16 am
Forum: Investing - Help with Personal Investments
Topic: Selling off funds. timing question
Replies: 10
Views: 817

Re: Selling off funds. timing question

You do have some very good funds on your list.
Why not retain some, or a combination, or one, that most closely meets your allocation and IPS?
Then, instead of sell and then buy, do exchanges?
Not quite a classic Bogle "3 fund" though.
by Sandtrap
Sun Sep 23, 2018 9:07 am
Forum: Personal Consumer Issues
Topic: How to get rid of rabbits
Replies: 66
Views: 3831

Re: How to get rid of rabbits

DW and I were both out "mowing" (tractor and large zero turn) our acreage yesterday. Hit 2 baby rabbits. Felt awful. We look out for them but sometimes they are very hard to see. I have a stack of railroad ties that is the annual breeding ground for new generations of rabbits. They all leave the pro...
by Sandtrap
Sat Sep 22, 2018 10:46 pm
Forum: Personal Consumer Issues
Topic: How to get rid of rabbits
Replies: 66
Views: 3831

Re: How to get rid of rabbits

yousha wrote:
Sat Sep 22, 2018 8:35 pm
I've had a great deal of difficulty keeping rabbits away from my landscape. The Yard looks terrible as a result. Any thoughts about what to use to keep these rabbits away.
Where I live it's owls by night and falcons or hawks by day.
by Sandtrap
Sat Sep 22, 2018 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella questions
Replies: 9
Views: 763

Re: Umbrella questions

Our costs were significantly reduced when we consolidated all of our policies under one roof (USAA).
j
by Sandtrap
Sat Sep 22, 2018 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: How to fund education for grandchildren: various strategies? Help?
Replies: 23
Views: 1411

Re: How to fund education for grandchildren: various strategies? Help?

First step is to consilt with your sons to see if they have preferences. You can certainly limit their options, but it is unfair to set up any investments for their children without giving them a chance to weigh in. Your decisions can have tax implications for them and/or affect how they invest any...
by Sandtrap
Sat Sep 22, 2018 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: How to fund education for grandchildren: various strategies? Help?
Replies: 23
Views: 1411

Re: How to fund education for grandchildren: various strategies? Help?

I am one of those who uses the expression "man plans and God laughs". If you could afford it I just think it's best to pay for it when the time comes. You can write the check directly to the educational Institution. True. But I may not be around at that time, or have the cognizance (marbles) to do ...
by Sandtrap
Sat Sep 22, 2018 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: CD Ladder
Replies: 8
Views: 1370

Re: CD Ladder

Also, be wary of the strict "window" for expiration/renewal/auto renew if the CD's are from "brick n mortar" or financial institutions vs brokered CD's. Brokered CD's roll over into the sweep account and do not "auto renew".
j
by Sandtrap
Sat Sep 22, 2018 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: How to fund education for grandchildren: various strategies? Help?
Replies: 23
Views: 1411

Re: How to fund education for grandchildren: various strategies? Help?

Yes, ask the parents. You can tell them that you heard that 529 plans funded by grandparents and owned by grandparents is great because no tax interference with their own tax returns nor the child's tax returns. UTMA/UGMA have tax return consequences. Also warn them of overfunding in case others ge...
by Sandtrap
Sat Sep 22, 2018 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: How to fund education for grandchildren: various strategies? Help?
Replies: 23
Views: 1411

Re: How to fund education for grandchildren: various strategies? Help?

I chose a prepaid tuition plan for our four grandchildren. I had done the same for my daughters, and I was involved with a niece's prepaid tuition plan my father had set up when her father died. I like prepaid plans because the pretty well lock in at least the tuition portion of a college education...
by Sandtrap
Sat Sep 22, 2018 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: How to fund education for grandchildren: various strategies? Help?
Replies: 23
Views: 1411

Re: How to fund education for grandchildren: various strategies? Help?

First step is to consilt with your sons to see if they have preferences. You can certainly limit their options, but it is unfair to set up any investments for their children without giving them a chance to weigh in. Your decisions can have tax implications for them and/or affect how they invest any...
by Sandtrap
Sat Sep 22, 2018 2:04 pm
Forum: Investing - Theory, News & General
Topic: Has anyone gone to a Retirement Wealth Academy seminar?
Replies: 17
Views: 1949

Re: Has anyone gone to a Retirement Wealth Academy seminar?

You can review the course descriptions, but they're pretty vague (other than "the times they are a changing" and a fair amount of FUD): https://retirementwealthacademy.com/our-courses/new-reality/ "We will look at traditional diversification as well as new areas of diversification to help mitigate ...
by Sandtrap
Sat Sep 22, 2018 10:38 am
Forum: Investing - Help with Personal Investments
Topic: How to fund education for grandchildren: various strategies? Help?
Replies: 23
Views: 1411

How to fund education for grandchildren: various strategies? Help?

Status: I have 2 very young grandchildren (one brand new) . . . so far. I would like to establish a college fund or education fund for them. All of my assets are in "taxable". Assets and income stream are somewhat "substantial". Questions: What are my options to best benefit them and myself? 1. Educ...
by Sandtrap
Sat Sep 22, 2018 10:23 am
Forum: Investing - Help with Personal Investments
Topic: The bond side of my asset allocation ...
Replies: 21
Views: 1120

Re: The bond side of my asset allocation ...

The theory is that the generally expected interest rate hikes are already priced into the bond or bond fund price. But regardless whether or not that theory is correct, bond funds NAV is continuing to drop. The OP has a valid concern. What am I missing? +1 I'm concerned as well. Which is why I sugg...
by Sandtrap
Sat Sep 22, 2018 10:18 am
Forum: Investing - Theory, News & General
Topic: Time periods for personal investment
Replies: 25
Views: 1759

Re: Time periods for personal investment

Few of us would invest all our emergency funds in equities. Many of us would invest half our funds in equities as we prepare early in life for our retirement. Where is the break-point for you and how do you manage to it? Put the “experts” rules of thumb aside and think about this as you actually in...
by Sandtrap
Sat Sep 22, 2018 10:10 am
Forum: Investing - Help with Personal Investments
Topic: The bond side of my asset allocation ...
Replies: 21
Views: 1120

Re: The bond side of my asset allocation ...

In the three option strategy for a 50/50 asset allocation I would buy a total bond fund. It seems generally accepted that as interest rates rise bond funds go down. It appears that interest rates are going to rise for the near term. Bond funds are doing poorly now. So as I rebalance my 401K I will ...
by Sandtrap
Sat Sep 22, 2018 10:04 am
Forum: Investing - Help with Personal Investments
Topic: Getting Started with Rental Property Investments
Replies: 8
Views: 921

Re: Getting Started with Rental Property Investments

Be careful. Due diligence. Approach the rental property business "as a business". Many do very well, some extremely well, with income property. They are smart, savvy, committed, and lucky -- often have alternate income streams and deep pockets or other assets that help them survive market and rental...
by Sandtrap
Fri Sep 21, 2018 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: Out of Market
Replies: 23
Views: 3470

Re: Out of Market

Never thought I would walkway from the market but at the age of 78 with health issues I decided to maintain about 10% of my assets in stocks (currently own) and another 10% in high rated corporate bonds (currently own) yielding 4-5%. I also keep 10% in cash for emergency (2% Vanguard Prime MM). I a...
by Sandtrap
Fri Sep 21, 2018 10:31 am
Forum: Investing - Theory, News & General
Topic: Simple-minded sayings?
Replies: 37
Views: 3148

Re: Simple-minded sayings?

All things in moderation . . . . includimg moderation. :shock:
by Sandtrap
Fri Sep 21, 2018 9:48 am
Forum: Investing - Help with Personal Investments
Topic: Buying brokerage CD with Fidelity
Replies: 7
Views: 789

Re: Buying brokerage CD with Fidelity

Suggest calling Fidelity and having a "fixed income specialist" talk you through the process.
j