Search found 178 matches

by gassert
Wed Oct 24, 2007 8:30 pm
Forum: Personal Investments
Topic: Totally Undiversified Grandparents
Replies: 14
Views: 3651

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Zane, If they experienced the 2000 - 2003 period and still held the curernt mix, then there is no reason that they wont hold the next time we se a 50% drop. As you know, they will be rewarded long term. If they had recently moved from bonds to stocks, I would share your concern, but since they have ...
by gassert
Sat Oct 20, 2007 9:11 pm
Forum: Personal Investments
Topic: Socially Responsible Investing Diversification
Replies: 6
Views: 1963

Niko The opposite is true. In rough econ times, staples like BUD and MO will outperform others. So, if recession hits, you want to invest in the sin stocks. That's a fact, nbit theory That said, if you look at 10 yrs of data SRI has proven to have similar returns. You didnt win or lose. And not that...
by gassert
Sat Oct 20, 2007 9:07 pm
Forum: Investing - Theory, News & General
Topic: Diehards, which of your funds GAINED yesterday?
Replies: 34
Views: 9045

Rodc wrote: Don't know. I haven't bothered to look. +1 Don't know, don't care. {rude comment edited by admin tashina} If you are a diehard freak and reading these boards every day, you sure as hell know what is happening in the market. Although I understand the spirit of the response - it's just am...
by gassert
Sat Oct 20, 2007 12:29 pm
Forum: Personal Investments
Topic: Investing in a Roth for a new home ?
Replies: 8
Views: 1721

IMO, it's more costly if you sit on Roth money for a short time and then withdraw it for what ever reason. The money needs to grow there for long time to make it worth paying the tax on it. There are no taxs due when you take from a Roth Doug, it's not a matter of where the money is invested.. you ...
by gassert
Sat Oct 20, 2007 12:25 pm
Forum: Personal Investments
Topic: Investing in a Roth for a new home ?
Replies: 8
Views: 1721

This board is always pretty negative on this strategy, but personally I think it is a GREAT one. I used it myself. If you are not funding your Roth for retirement and need a "place" to invest money for a home, there is NO better place than the Roth. I for one, was NOT funding our Roths in ...
by gassert
Fri Oct 19, 2007 5:29 pm
Forum: Personal Investments
Topic: Foundation / Charity help
Replies: 8
Views: 1693

Yes - the church is a 501c3. I can say with certainty.

It is not part of a denomination.

I suppose a merger risk is there, but that would have to be approved the board who is also governing the direction of the funds.

Thanks the help
by gassert
Fri Oct 19, 2007 3:50 pm
Forum: Personal Investments
Topic: Foundation / Charity help
Replies: 8
Views: 1693

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Good suggestions, thanks. Being who I am, my focus will certainly be on IPS and the cost structure of the funds. We would also ensure that no "professional" church member mange the money on their platoform and have a board of advisors who presumably have diehard type qualities. The reason ...
by gassert
Thu Oct 18, 2007 7:42 pm
Forum: Personal Investments
Topic: Foundation / Charity help
Replies: 8
Views: 1693

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Good thoughts, thanks. Yes, I believe that 5% is a government rule for private foundations - they also subject them to an excise tax. Thankd for the donor advised fund recomendation. After my most and more thoughts I Realized tht this may be the easiest way to go - for admin decisions / investment d...
by gassert
Thu Oct 18, 2007 7:37 pm
Forum: Personal Investments
Topic: TIAA Real Estate.....How to categorize in AA?
Replies: 13
Views: 2413

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Peter I dont know what you refer to perceisely but if TIAA is closely correlate to stocks, then this time period would not agree: 2000 .......26.35%.......10.66% 2001.......12.35%.......6.29% 2002 .......3.75%.......3.41% The market was down 50% Further, in 2006, the TIAA fund was down 6 DAYS if mem...
by gassert
Thu Oct 18, 2007 7:34 pm
Forum: Personal Investments
Topic: is the Roth IRA all you need now?
Replies: 10
Views: 2323

To the OP:

I completely agree. For a young middle class couple, there's little you could do to save MORE than the $10k per year. I dont know income ranges, but even if you make $75k per year and save $10k (after tax) that's a huge %%. Personally, as a single income family we use Roths (funding to the max) for ...
by gassert
Thu Oct 18, 2007 1:03 pm
Forum: Personal Investments
Topic: TIAA Real Estate.....How to categorize in AA?
Replies: 13
Views: 2413

I have a tough time believing that REITs and TIAA RE are even comparable. They are vastly different. I would pick an allocation goal for each peice and treat them together as another asset class. Here are the annual returns for each: ..............REITs..........TIAA RE 1997.......18.77%.......10.07...
by gassert
Thu Oct 18, 2007 8:36 am
Forum: Investing - Theory, News & General
Topic: Merril Lynch Preferreds
Replies: 7
Views: 1642

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Well - there's no reason to stay away from it just b/c it's ML. In fact, if you can bet on anything, ML is profitable - therefore buying their debt is as safe as any other debt. 1 - You have issuer risk. One company. That can be diversified away. No need to take that risk 2 - I assume that they have...
by gassert
Wed Oct 17, 2007 8:11 pm
Forum: Personal Investments
Topic: Foundation / Charity help
Replies: 8
Views: 1693

Foundation / Charity help

Fisrt -> I have personal working knowledge of charities (501c3s) and have had business work with foundations and endowments. So, being far from an expert, I know the "minimum." My Church is very interestd in missionary work. One of the main objectives is funding work overseas through siste...
by gassert
Wed Sep 19, 2007 9:20 pm
Forum: Personal Investments
Topic: What to do with insignificant $ in old 403(b)?
Replies: 17
Views: 3687

The real question is why you have a Valic 403b at all. Forget the small $ you are looking at b/c the valic account kills you 10 fold
by gassert
Tue Sep 18, 2007 10:23 pm
Forum: Personal Investments
Topic: 529 rules
Replies: 23
Views: 4295

Can I establish a 529 for myself, one for my wife, one for my first kid, one for my second kid and then in a few years transfer 3 of them into one kid's name without tax consequences? It seems like an easy way around the contribution limits. Can you also do that with an ESA? Sure - there is nothing...
by gassert
Tue Sep 18, 2007 10:21 pm
Forum: Personal Investments
Topic: 529 rules
Replies: 23
Views: 4295

gassert wrote: If I open a 529 account then I am the owner and the kid is the beny. It's not part of my estate, but the kid's. If I change they beny to another person, then it becomes part of their estate. What rules govern the changing of 529 benys? Can I open an account with my co-worker as the b...
by gassert
Tue Sep 18, 2007 7:39 pm
Forum: Personal Investments
Topic: 529 rules
Replies: 23
Views: 4295

529 rules

If I open a 529 account then I am the owner and the kid is the beny. It's not part of my estate, but the kid's. If I change they beny to another person, then it becomes part of their estate. What rules govern the changing of 529 benys? Can I open an account with my co-worker as the beny and then whe...
by gassert
Wed Jun 27, 2007 1:00 pm
Forum: Personal Investments
Topic: Retirement planning for farmers
Replies: 2
Views: 958

Thanks LH - now that you say that it sounds familiar so I must have read it in the past.

GG
by gassert
Wed Jun 27, 2007 10:13 am
Forum: Personal Investments
Topic: Retirement planning for farmers
Replies: 2
Views: 958

Retirement planning for farmers

My father is long retired from a corporate job and mostly works on the yard and relaxes, but one of his buddies retired and went into farming. He has a farm with profit/losses each year although I don't know anything about how it's established or how he files his taxes. Now he's 70.5 and does not ne...
by gassert
Sat Jun 23, 2007 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Financial news headlines
Replies: 7
Views: 3132

Thanks so far.

I was hoping to get an original copy of the papers, not just a copy or electronic.
by gassert
Sat Jun 23, 2007 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Financial news headlines
Replies: 7
Views: 3132

Financial news headlines

Not sure if this qualifies as OT. Sorry if it does. I would like to get my hands on some newspaper headlines (prefer NYT) from big financial milestones - like DOW hits 1000!, or NASDAQ hits 5000!. or 87 crash - or whatever there is, both old and current. I tried ebay, but couldn't locate anything - ...
by gassert
Fri Jun 22, 2007 9:10 am
Forum: Investing - Theory, News & General
Topic: Penalty free IRA distributions prior to 59.5
Replies: 13
Views: 3084

Winter - I just want to clarify the data since it may have gotten lost in all the back and forth of who knows what laws. Some or all of the money can come out of the 401k and be paid directly to the former spouse. Taxes will be due, but there will not be a 10% penalty. The QDRO must be done correctl...
by gassert
Thu Jun 21, 2007 2:59 pm
Forum: Personal Investments
Topic: ROTH Converstion in 2010 or Give It To Charity
Replies: 6
Views: 1578

I'm sure a guy like you can run the numbers and figure out what's best. Basically if you leave it and pass it to charity at your death - nobody pays taxes on the money. If you gift some of it NOW still nobody pays taxes, but you can only deduct an amount equal to 50% of your AGI (and can carry forwa...
by gassert
Thu Jun 21, 2007 9:39 am
Forum: Personal Investments
Topic: Inheritance from a 457 Plan
Replies: 12
Views: 7846

The ONLY post you should read in this thread to get answers is the one by ddb. Most of the others are not giving you correct information. You are basically screwed unless ING stops payment on the check and reissues it as a benenficiary rollover check which you deposit into a unique inherited IRA. IN...
by gassert
Wed Jun 20, 2007 1:56 pm
Forum: Personal Investments
Topic: Saving for House (3-5 year window) STAR fund a good choice?
Replies: 20
Views: 5005

Say after 2 years at 105% Stocks the market tanks and youngster76 instead of $28K now has $14K or less depending on the leverage. The 5-year goal just became 7, 8, 9 years...... for what purpose, a few extra (possible, not guaranteed) return dollars? If you pop $10k into stock and new $$ into money...
by gassert
Wed Jun 20, 2007 1:47 pm
Forum: Personal Investments
Topic: Saving for House (3-5 year window) STAR fund a good choice?
Replies: 20
Views: 5005

First - is taking extra risk worth it? IMO, the upside of taking risk is very minimal. The primary driver in this case is how much you save, not really what type of return you get. If you save $7k per year on a $13k portfolio, then you start off increasing your nest egg by 50% a year. An extra 1 or ...
by gassert
Wed Jun 06, 2007 8:15 am
Forum: Personal Finance (Not Investing)
Topic: OT - Anyone have experience shipping a car
Replies: 6
Views: 2857

Thanks a lot.

Sounds like the dealer will line up shipping for $900 and likely make a few bucks since I am guessing the actual cost to him will be a little less. It's probably not worth my time to shop this (I know that's undiehard, but life is very busy right now).

GG
by gassert
Tue Jun 05, 2007 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: OT - Anyone have experience shipping a car
Replies: 6
Views: 2857

OT - Anyone have experience shipping a car

I purchased a car from an out of state dealer (just a "regular" car - nothing antique/collector). The dealer said they could line up shipping for $900 dollars or I could get it shipped myself. I have no idea if I can do better myself. (between 2 major cities - 800 miles) I googled car ship...