Search found 737 matches

by RenoJay
Sat Feb 26, 2011 10:28 pm
Forum: Investing - Theory, News & General
Topic: How far can housing prices fall?
Replies: 64
Views: 11295

I imagine that home prices could theoretically fall to the replacement cost of the structure. That is equivalent to a land value of zero. However, in my opinion, many will be kicking themselves in 10 years for not buying now. In my area (Reno) I believe existing homes have fallen below their replac...
by RenoJay
Sat Feb 26, 2011 10:21 pm
Forum: Investing - Theory, News & General
Topic: Does it make sense to drive a car into the ground?
Replies: 56
Views: 12281

Does it make sense to drive a car into the ground?

Boglehead wisdom seems to state that we should drive our cars into the ground. It seems to me, however, that if you sold a couple years before the engine drops out, then you could actually get something for the car vs. getting virtually nothing when you drive it down so much. Thoughts?
by RenoJay
Sat Feb 26, 2011 10:19 pm
Forum: Personal Investments
Topic: Single Family Homes as Investments???
Replies: 2
Views: 854

Single Family Homes as Investments???

Back in 2007, real estate equity accounted for about 3.5% of my net worth. Living in Nevada (ground zero for the housing bust) real estate equity now represents a negative number for me, and housing looks cheap compared with rents and/or the cost to build. In the interest of maintaining my asset all...
by RenoJay
Sat Feb 26, 2011 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Is it possible to eat well on less than $200 / month?
Replies: 80
Views: 9238

I wish

I think it's possible to eat for $200/month, although with my wife's organic food addiction, our bill for family of four is literally about $1,200/month not including restaurants. (Which are probably an additional $400/month!)
by RenoJay
Sun Feb 20, 2011 10:06 am
Forum: Personal Investments
Topic: WSJ article on Boomers and 401k Problems
Replies: 70
Views: 10009

Re: WSJ article on Boomers and 401k Problems

I will challenge your observation with a question... do "most folks" stay with an employer for extended lenght of time? Don't know - I can only speak for myself. Retired after 28+ years with the same company :lol: Most in my wife's/my family had similar work histories - some with 35+ year...
by RenoJay
Sat Feb 19, 2011 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: What is your net worth?
Replies: 30
Views: 12164

If someone is gonna start a multi-dimensional net worth thread, here are the parameters I would like to see: 1. Net Worth (however you want to calculate it) 2. Age 3. Annual current income (ballpark) 4. Annual current total costs (ballpark) For me the # are: 1. ~$1M (woohoo! just realized this rece...
by RenoJay
Sat Feb 19, 2011 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: What is your net worth?
Replies: 30
Views: 12164

Single? Married (e.g. divide by 2)? Investable assets? Total assets (beyond what is investable, such as net worth of your home, personal property, etc.)? Poll dosen't make sense. What is it that you are trying to measure or what do you really want to know? :wink: - Ron Ron, good questions. I actual...
by RenoJay
Sat Feb 19, 2011 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: What is your net worth?
Replies: 30
Views: 12164

gkaplan wrote:We've had this poll before, haven't we?
Sorry. Maybe we have, but I hadn't seen it.
by RenoJay
Sat Feb 19, 2011 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: What is your net worth?
Replies: 30
Views: 12164

What is your net worth?

What is your net worth and your age? (I can't figure out how to add age to the poll selection.)
by RenoJay
Sat Feb 19, 2011 1:38 pm
Forum: Personal Investments
Topic: Mortgage or pay cash?
Replies: 50
Views: 8478

Re: I could pay cash but I carry a mortgage

I think I was influenced by a Ric Edelman book published around 1999 that said to take out a long mortgage and don't prepay it. The theory was that the stock market earns 12%/year (remember when I read the book) and therefore you shouldn't tie up your cash. The theory hasn't played out, but I conti...
by RenoJay
Sat Feb 19, 2011 12:03 am
Forum: Investing - Theory, News & General
Topic: Is anything cheap?
Replies: 59
Views: 8285

Just bought a second home and will likely buy some investment properties. Around me, homes are down 60% from the peak. I consider them "cheap" because they will cashflow from having a renter...something they've historically not done.
by RenoJay
Sat Feb 19, 2011 12:00 am
Forum: Investing - Theory, News & General
Topic: Your worst investing mistake
Replies: 108
Views: 19039

Bought the wrong business

I bought a business and sold it six months later for about a $100k loss. I'm a good businessman, but I didn't do good homework. It caused a ton of anxiety while I held it. Fortunately, the day after I sold it, I felt great and haven't had anxiety since. The loss was not catastrophic for me...but the...
by RenoJay
Fri Feb 18, 2011 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement, Home Equity and Savings % of Net Worth
Replies: 89
Views: 12471

Late 30's Retirement savings = 8% Home equity = 2% Taxable = 90% I was scrolling down and finally found someone similar to me. Mine is: Home Equity: -2% Retirement: 6% Taxable: 96% I wish more of it was in retirement, but there are limits. Regarding the HE, it's been wiped away and then some, but I...
by RenoJay
Fri Feb 18, 2011 11:48 pm
Forum: Investing - Theory, News & General
Topic: Do you have a written Investment Policy Statement?
Replies: 61
Views: 6829

it's a spreadsheet

I dont have something written in plain English, but I do have a spreadsheet that show my target allocation for the next 50 years and gradually becomes more conservative. It has projections of where I expect to be based on my assumptions (7% return for equities, 3% for fixed income) and every year, a...
by RenoJay
Fri Feb 18, 2011 11:46 pm
Forum: Investing - Theory, News & General
Topic: Are there any non-practicing Bogleheads out there?
Replies: 17
Views: 2353

I would say I am a pretty orthodox boglehead. While I think the risk of increasing rates is indeed a risk for bondholders--particularly in this interest rate environment--I don't pretend to know the future or make decisions based on my anticipation of it. Furthermore, regardless of the perceived ri...
by RenoJay
Fri Feb 18, 2011 11:38 pm
Forum: Personal Investments
Topic: Mortgage or pay cash?
Replies: 50
Views: 8478

I could pay cash but I carry a mortgage

I think I was influenced by a Ric Edelman book published around 1999 that said to take out a long mortgage and don't prepay it. The theory was that the stock market earns 12%/year (remember when I read the book) and therefore you shouldn't tie up your cash. The theory hasn't played out, but I contin...
by RenoJay
Fri Feb 18, 2011 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Books with a direct impact on your life?
Replies: 103
Views: 15995

Common Sense on Investing - Bogle
Negotiate to Close - Karass
One Minute Manager - what's his face
Stocks for the Long Run - Seigle
by RenoJay
Fri Feb 18, 2011 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Deleted
Replies: 71
Views: 19643

ram wrote:My answer was based on following-
Home equity included
Net worth (not annual income)
Combined net worth of both partners
If I included home equity, that would definitely pull me in the WRONG direction. :)
by RenoJay
Fri Feb 18, 2011 4:54 pm
Forum: Investing - Theory, News & General
Topic: Are there any non-practicing Bogleheads out there?
Replies: 17
Views: 2353

Are there any non-practicing Bogleheads out there?

In the spirit of non-practicing Catholics and Jews, I was wondering if there are non-practicing Bogleheads? I have adopted indexing/rebalancing for stocks. It took me a few years to shake my stock-picking tendancies but I did it, closed my etrade account, and went 100% of my equity portfolio into Va...
by RenoJay
Tue Feb 08, 2011 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: 529 gift limits
Replies: 11
Views: 1747

529 gift limits

My wife and I want to give $14k to one kid's 529 and $12k to the other kid's 529. Will we run into any gift tax issues if we write the two checks from a joint checking account? My understanding is that each of us can give $13k to each kid each year, so the total isn't an issue. The question is about...
by RenoJay
Sun Jan 23, 2011 10:12 am
Forum: Personal Investments
Topic: How much should I fund the kids' 529s?
Replies: 27
Views: 3424

I really appreciate all the replies

Thank you everyone who contributed to this thread. It's fascinating and helpful for me to see how other people think about these decisions. I think I'll fund each kid up to about $50,000 and then take more of a wait and see approach, while putting future gifts to them into index funds.
by RenoJay
Sat Jan 22, 2011 11:45 pm
Forum: Personal Investments
Topic: How much should I fund the kids' 529s?
Replies: 27
Views: 3424

000.000 unless your 401A/401K-403B/457/roths/ ETC. are all fully funded. NO one lends money for retirement expenditures. No One. Just sayin. You wanted opinions.... College loans are available, retirement Loans are not. :? Thanks, but I feel retirement IS fully funded. Therefore, I'm just looking f...
by RenoJay
Sat Jan 22, 2011 11:16 pm
Forum: Personal Investments
Topic: How much should I fund the kids' 529s?
Replies: 27
Views: 3424

How much should I fund the kids' 529s?

My children are 8 months and almost 3 years. I have Utah 529's with each named as a benificiary. My question is philosophical. Should I aim to have 100% of college costs covered by the time they go to college, 75%, 50% or a different amount? Obviously, there is no way to know for sure what college c...
by RenoJay
Sun Oct 24, 2010 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Would you ever throw out your money management philosophy?
Replies: 8
Views: 1937

Would you ever throw out your money management philosophy?

Is there a point at which you would no longer spend wisely, invest wisely and generally think about money management? If you had $10 million and comfortably lived on $100k/year, would you stop thinking about this stuff? What if you had $5 million?
by RenoJay
Sun Oct 24, 2010 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Prenuptial Agreement drafted
Replies: 177
Views: 19625

My two cents

If she signs it, I think it shows she loves you for more than money. I had a pre-nup, but a year into the marriage I offered much more generous terms in a post-nup which voided the pre-nup. Consquently, my spouse felt much more relaxed after that, no longer worrying what would happen if I left. It s...
by RenoJay
Wed Oct 13, 2010 11:40 pm
Forum: Investing - Theory, News & General
Topic: A House Is An Investment-Houseonomics
Replies: 63
Views: 7620

Sure, if you're buying today

Whether the housing market is at or near the bottom or not, buying today can look like a reasonable investment. For those poor saps among us who bought a few years ago, our houses are a horrible investment and it could take decades to break even.
by RenoJay
Mon Oct 11, 2010 12:27 pm
Forum: Personal Consumer Issues
Topic: WashPost book review: "Stop Acting Rich"
Replies: 85
Views: 12530

Stanley is milking it

I loved the original Millionaire Next Door but all his follow up books feel very re-processed.

I just paid $20 for last haircut, but the extra tip was because the haircutter was funny and made me laugh. (Usually all they do is talk about hair which bores the hell out of me.)
by RenoJay
Sun Oct 10, 2010 12:11 am
Forum: Personal Finance (Not Investing)
Topic: Constantly Thinking About Net Worth?
Replies: 13
Views: 3071

I fret about it, but have come to accept it.

I'm 38 and my net worth is over $5 million...clearly I shouldn't be in a position of worry, and yet I go over "my spreadsheet" at least once a week. I've come to accept that I'm not really worried...it's just something I do. I don't bother others with my little obsession and conversations ...
by RenoJay
Sat Oct 02, 2010 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: Living in a state with no income tax?
Replies: 105
Views: 15173

I made the move

I moved from CA to Incline Village NV about 6 years ago for tax reasons. At the time, it was a no-brainer b/c I was renting in CA and making a lot of money working from home. I'm glad I did it, although it hasn't been quite as much of a joy ride as I would have liked b/c the house I bought in NV has...
by RenoJay
Sat May 29, 2010 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Refi my jumbo mortgage in Nevada?
Replies: 3
Views: 934

Should I Refi my jumbo mortgage in Nevada?

Current Portfolio: About $4.1 million in equity index funds About $1 million in money markets earning close to nothing About $200k in TIPS funds in a Roth IRA Virtually zero home equity since I live in NV and prices have dropped. My current mortgage is 30 year fixed at 6.125% with $853k balance. I g...
by RenoJay
Sat Feb 13, 2010 12:44 pm
Forum: Investing - Theory, News & General
Topic: Does the 4% rule apply at any age?
Replies: 46
Views: 10937

Does the 4% rule apply at any age?

I have often read that a retiree with a balanced portfolio can, with relative safety, withdraw 4% per year without too much concern about going broke. Does this rule assume a certain age of the retiree? I'm 38 and wondering if the 4% rule is safe for me.
by RenoJay
Tue Nov 17, 2009 2:27 pm
Forum: Personal Investments
Topic: The role of bonds in my portfolio
Replies: 12
Views: 2811

Tax deferred is less than 5% of total. The rest is taxable.
by RenoJay
Tue Nov 17, 2009 1:35 pm
Forum: Personal Investments
Topic: The role of bonds in my portfolio
Replies: 12
Views: 2811

Drum, thank you very much for the thoughts and the specific suggestions. Regarding the asset allocation, I have successfully held it together and not done any panic selling of equities during two bubbles (and have even done some opportunistic buying), so I feel fairly confident in keeping an 80/20 s...
by RenoJay
Tue Nov 17, 2009 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: USAA Membership
Replies: 59
Views: 33255

I just switched from USAA

I've had USAA for over 12 years, but the combined bill for homeowners/auto/umbrella and a personal property policy for my wife's ring rang in at over $4,000 per year. Ouch! USAA is a great company, but at a certain price, it makes sense to shop. I ended up saving over 25% switching to State Farm whi...
by RenoJay
Tue Nov 17, 2009 12:14 pm
Forum: Personal Investments
Topic: The role of bonds in my portfolio
Replies: 12
Views: 2811

Thanks. I reposted my original question and included much more detail. I appreciate any specific suggestions, along with explanations, that Bogleheads may provide.
by RenoJay
Tue Nov 17, 2009 11:28 am
Forum: Personal Investments
Topic: The role of bonds in my portfolio
Replies: 12
Views: 2811

The role of bonds in my portfolio

Hello, I'm a new poster to Bogleheads. Per a friendly response to my original post, I'm changing the format. The main question is what to do with the non-equity portion of my portfolio? I'm interested in getting a positive real return without too much principle risk. Age: 37 Total Portfolio: several...