Search found 287 matches

by sixty40
Sun Jul 29, 2018 8:16 pm
Forum: Investing - Theory, News & General
Topic: Expected returns of closed-end muni bond funds
Replies: 15
Views: 2458

Re: Expected returns of closed-end muni bond funds

How does that compare to the appropriate index? If there is such an index for CA CEF's, I am not aware of it. Found some info, it's asset class is the CA long term muni, returns for 1yr, 5yr, 10yr as of 6/30/18. (corrected) MYC: 2.82, 5.87, 7.34 VCITX: 2.2, 4.60, 4.71 (VG CA long term tax-exempt)
by sixty40
Sun Jul 29, 2018 7:01 pm
Forum: Investing - Theory, News & General
Topic: Expected returns of closed-end muni bond funds
Replies: 15
Views: 2458

Re: Expected returns of closed-end muni bond funds

I bought $39,800 of MYC which is a closed end CA muni fund in Sept 2013 for $13.68ps, it reached a peak of about $17.50ps in Sept 2016 and has been on a steady decline to $13.29ps on Friday. My investment is now about $51,000, so in about 5 yrs it has gained about $11,200 or about 5.2%/yr from reinv...
by sixty40
Mon Jul 23, 2018 11:20 pm
Forum: Personal Consumer Issues
Topic: Monterey Grand Prix at Laguna Seca
Replies: 8
Views: 1119

Re: Monterey Grand Prix at Laguna Seca

Thanks all for your input.
by sixty40
Sun Jul 22, 2018 3:03 pm
Forum: Personal Consumer Issues
Topic: Monterey Grand Prix at Laguna Seca
Replies: 8
Views: 1119

Monterey Grand Prix at Laguna Seca

Some friends and I are planning on going to this event this September. We have never been to a Grand Prix race or to Laguna Seca. Any advice on where to park, how early to get there, where to sit for a good view, can you bring in water or drinks or snacks, etc.? We just plan on doing a day trip, eit...
by sixty40
Mon Jul 02, 2018 11:32 pm
Forum: Personal Consumer Issues
Topic: Any Boglehead powerlifters?
Replies: 115
Views: 9832

Re: Any Boglehead powerlifters?

Not a power lifter myself but the gym I went to were started by power lifters. One good friend that competed and I think was ranked nationally, 120-130 lbs, squat about 4 times his body weight, can’t remember his deadlift numbers but were pretty high, but was bad at bench press. Saw one guy at the g...
by sixty40
Thu Jun 28, 2018 12:52 pm
Forum: Personal Consumer Issues
Topic: New car dealer pricing
Replies: 44
Views: 3229

Re: New car dealer pricing

The last 3 cars I have purchased have been through the dealer website. My experience has been the dealers seem to be more firm in their internet pricing, especially if they have "special" internet pricing. Been able to get about $700 off the internet price on a $34k car. Bought a used car recently f...
by sixty40
Tue Jun 19, 2018 2:19 am
Forum: Personal Consumer Issues
Topic: type of conduit for string lights
Replies: 9
Views: 1380

Re: type of conduit for string lights

People use the conduit term genetically, but most likely you are using EMT (electrical metallic tubing) which is just thin wall conduit. They do not have threaded couplings or connectors, only compression or set screw, and both will bend at the joint. If you really have threaded fittings then you ha...
by sixty40
Sat Jun 16, 2018 10:23 am
Forum: Personal Consumer Issues
Topic: convert 4 wire to a 3 wire switch
Replies: 15
Views: 1899

Re: convert 4 wire to a 3 wire switch

Having some experience in this field, be careful. Do not assume wire insulation colors are what they should be, always check with a voltmeter to confirm. If you do not know how to use a volt meter, it may be best to ask for help. In general white is neutral, green or non insulated is ground, and the...
by sixty40
Sat May 19, 2018 2:14 am
Forum: Personal Consumer Issues
Topic: Neighbor wants to use our land temporarily - let them or not?
Replies: 51
Views: 9152

Re: Neighbor wants to use our land temporarily - let them or not?

Been through this same scenario. The contractor will not restore it to the original condition. It took me weeks and finally got the owner of the company involved to get it done, and it was still not done right. Your neighbor will not care since it is the contractor that is using your property. I rec...
by sixty40
Sat Apr 28, 2018 4:45 pm
Forum: Personal Consumer Issues
Topic: Family vacationing
Replies: 49
Views: 6737

Re: Family vacationing

I would agree with camping like others. But if you are not the outdoorsy, then find a destination nearby is the best option. We drive to Monterey, CA about 2 to 3 times a yr for short weekend trips, 2-3 nights. In my experience the most memorable trips have not been the location or desination, unles...
by sixty40
Sat Apr 28, 2018 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Would you make this financial decision??
Replies: 18
Views: 2227

Re: Would you make this financial decision??

Are your incomes are stable, and/or will improve? Do you have enough savings to cover all living expenses for a yr or so? (Some people say 6-months) We bought our first home when we answered Yes to both these questions. For general rule of thumb I think the ratio of home mortgage to gross income is ...
by sixty40
Sat Apr 28, 2018 9:05 am
Forum: Personal Consumer Issues
Topic: Wedding - financial burden on couple and attendees
Replies: 168
Views: 15601

Re: Wedding - financial burden on couple and attendees

The key to interpreting the destination wedding: if you are talked to about coming before the invitations are sent, the couple wants you there. If you just receive an invitation out of the blue for a destination wedding with no prewire, the couple doesn’t want you there. This metric should also app...
by sixty40
Sat Apr 28, 2018 8:37 am
Forum: Personal Consumer Issues
Topic: auto insurance for adult child out of college, register car?
Replies: 4
Views: 635

Re: auto insurance for adult child out of college, register car?

Thanks for the replies.

I have the policy with Geico. Besides liability, I figured it would cost a lot more if the car was registered in his name and he bought insurance as a 21 yr old single adult.
by sixty40
Fri Apr 27, 2018 9:54 pm
Forum: Personal Consumer Issues
Topic: auto insurance for adult child out of college, register car?
Replies: 4
Views: 635

auto insurance for adult child out of college, register car?

I bought my 21 yr old son a used car for his use after college, he may or may not live with us in the short term. I will continue to pay for his auto insurance until he gets a job. The car is under my name (so legally my car) but I am thinking I should put it under his name for liability purposes si...
by sixty40
Fri Apr 27, 2018 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: HOA won't help. [Homeowners Association]
Replies: 37
Views: 5841

Re: HOA won't help.

2) My street is a private road. So the county could not do anything. Did the county tell you this? I live in a HOA community, the board would not do anything about obe of my complaints, said it was neighbor to neighbor issue, I contacted the City and they came out to try ans resolve it. I was surpr...
by sixty40
Wed Mar 21, 2018 4:33 am
Forum: Personal Consumer Issues
Topic: We made the right decision to not purchase a home now, right?
Replies: 47
Views: 4910

Re: We made the right decision to not purchase a home now, right?

OP, I think you made the right choice for you, but I think you can afford the home. It's been a while but I recall the price of a home should not exceed 3x gross income, and with your combined income of $100k you would be at 2x income. If your incomes are stable and most likely increase over time, I...
by sixty40
Wed Mar 14, 2018 3:45 pm
Forum: Investing - Theory, News & General
Topic: Distribution Yield vs. SEC Yield
Replies: 3
Views: 1360

Distribution Yield vs. SEC Yield

For Vanguard Bond Funds, the SEC Yield (SY) is higher than the Distribution Yield (DY) for Treasury/Agency funds, the SY is lower than the DY for Investment-grade funds except for Long-term, and the SY is lower than the DY in Tax-exempt except for Limited-term and Short-term. Is there any explanatio...
by sixty40
Wed Mar 14, 2018 10:27 am
Forum: Investing - Theory, News & General
Topic: Vanguard's New Podcast Series
Replies: 19
Views: 3989

Re: Vanguard's New Podcast Series

Mel,
I just listened to the podcast and enjoyed your part of it, I wish your interview was longer ... and thanks for everything you and others do on the Bogleheads!
by sixty40
Sun Mar 04, 2018 10:32 pm
Forum: Personal Consumer Issues
Topic: re-siding house - vinyl or hardiplank?
Replies: 54
Views: 7225

Re: re-siding house - vinyl or hardiplank?

I also want to redo the exterior of our home. It currently has some type of wood fiber board and want to replace with Hardie Plank Lap Siding. Does anyone have any idea of the installed cost, such as a per square foot installed cost? I have about a 2500 sf 2-story home in Northern California. Thanks
by sixty40
Fri Mar 02, 2018 1:48 am
Forum: Personal Investments
Topic: I need to file a complaint [Newport taken over 403b at Vanguard]
Replies: 11
Views: 2977

Re: I need to file a complaint

Yes CurlyDave is correct, you need the government or some entity similar. I had a problem with Frontier Communications over billing me, they agreed but after 3 months going back and forth nothing happened and still getting overcharges. I filed a complaint with the Better Business Bureau, I just want...
by sixty40
Tue Feb 20, 2018 5:55 pm
Forum: Personal Consumer Issues
Topic: Golf Bag
Replies: 22
Views: 2016

Re: Golf Bag

Excellent Thread! I am also looking to upgrade.....got a real cheapie 15+ years ago and it's starting to get heavy due to all the duct tape holding it together. I'm a neophyte at the game (started ~5 yrs ago) don't know much about the gear and stuff but appreciate all the comments and information.....
by sixty40
Mon Feb 19, 2018 11:44 pm
Forum: Personal Consumer Issues
Topic: Golf Bag
Replies: 22
Views: 2016

Re: Golf Bag

I've always carried and have had a Ping Hoofer bag for about 15 yrs, still functions well but the material was beginning to tear. Just bought another Ping, 4 Series on sale for about $115, a little smaller and lighter than the hoofer. I believe Ping has one of the best bags for carrying. Nice number...
by sixty40
Tue Feb 06, 2018 1:26 am
Forum: Personal Investments
Topic: Calif UTMA @ Vanguard
Replies: 11
Views: 1261

Re: Calif UTMA @ Vanguard

Relating to the question about UTMA acct funds when the child becomes of age, the funds do not get liquidated, the UTMA changes to a brokerage acct. I can only speak from experience at Schwab. About 2 months before my child turned 18, Schwab sent a form to me, or maybe my child, that contained infor...
by sixty40
Tue Jan 09, 2018 3:21 pm
Forum: Personal Investments
Topic: Tobacco Stocks
Replies: 10
Views: 1592

Re: Tobacco Stocks

I have owned PM since it split from Altria Group back in 2008 and it has done well, but it has some wild swings, for example here are some per share (ps) prices with about a 2.5 yr span 9/2015 = 80 ps 7/2016 = 103 ps 11/2016 = 88 ps 6/2017 = 120 ps now = 105 ps The growth from reinvesting dividends ...
by sixty40
Fri Jan 05, 2018 9:16 pm
Forum: Personal Consumer Issues
Topic: Buying a car? [Need help with strategy for purchasing a used car]
Replies: 43
Views: 6653

Re: Buying a car?

lazylarry, Interesting since I am in the process of buying a used car for my son, but my price range is higher, in the $15k range. Looking for a 2015-2017 Honda Civic LX or Toyota Corolla LE, in northern CA. I have 3 Toyotas and they are extremely reliable as most would agree. The Civics seem to be ...
by sixty40
Fri Jan 05, 2018 9:05 pm
Forum: Personal Investments
Topic: If you could live off your taxable account is it wise to put all your work money in a 401k?
Replies: 18
Views: 2606

Re: If you could live off your taxable account is it wise to put all your work money in a 401k?

Some companies may have a max but I believe you can contribute as much as you want to your 401k per paycheck as long as you pay the mandatory taxes which is FICA at 6.2%, Medicare at 1.45%, and if in CA state SDI, all combined is +/- 8%, so close to 10% which is why some companies only allow up to 9...
by sixty40
Fri Nov 24, 2017 2:46 am
Forum: Personal Consumer Issues
Topic: Whole House Surge Protector still works with breaker off?
Replies: 38
Views: 4577

Re: Whole House Surge Protector still works with breaker off?

Hope this can clarify some things on surge protective devices (SPD’s) - SPD’s are typically connected in parallel to the panel bussing. It is a bypass device. When a surge occurs, it senses it and before it can go through your panel bussing into your home devices, it takes to surge and dissipates to...
by sixty40
Sun Nov 12, 2017 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about free tax filing
Replies: 9
Views: 1595

Re: Questions about free tax filing

I helped my child file taxes the last 2 yrs using the free version from TurboTax. https://turbotax.intuit.com/taxfreedom/ I think the fed gov requires the online tax filing services to have a free version for low income people, but some are disguised and looks free but are actually no free. My chil...
by sixty40
Sun Nov 12, 2017 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about free tax filing
Replies: 9
Views: 1595

Re: Questions about free tax filing

I helped my child file taxes the last 2 yrs using the free version from TurboTax. https://turbotax.intuit.com/taxfreedom/ I think the fed gov requires the online tax filing services to have a free version for low income people, but some are disguised and looks free but are actually no free. My child...
by sixty40
Sun Nov 12, 2017 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Paying off Home mortgage, partner doubts?
Replies: 40
Views: 4078

Re: Paying off Home mortgage, partner doubts?

Kind of weird question.. Would a typical BH homeowner inform wife that you will be paying off mortgage? I believe I paid off our mortgage w/o actually telling my wife, its been a few yrs. We had discussed my desire to pay it off early and she seemed fine with it and "trusts" my judgement in this ar...
by sixty40
Sun Oct 22, 2017 11:52 am
Forum: Personal Consumer Issues
Topic: Car Enthusiasts Unite! - Porsche, Benz, Ferrari, Lambo, etc.
Replies: 72
Views: 7048

Re: Car Enthusiasts Unite! - Porsche, Benz, Ferrari, Lambo, etc.

I think you can have a "fun" car whenever you like, even when starting a family, it depends on income and willingness of both spouses. I do not know if it is considered a "supercar", but I have a Porsche 993 C4S. I bought it in when our kids were 8, 4, and 2. Both my wife and I agreed on it. It is d...
by sixty40
Mon Oct 16, 2017 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Account or Authorized Agent
Replies: 1
Views: 282

Joint Account or Authorized Agent

I would like to help my child manage his (new) Vanguard account for now, he is 20 yrs old and has limited knowledge in managing his money at this time. He has about $15000. My thought is to open a Joint Account or use the Fully Authorized Agent method. At a later date, I will remove myself from the ...
by sixty40
Mon Oct 16, 2017 12:43 am
Forum: Personal Consumer Issues
Topic: contributing to friend's non-profit?
Replies: 36
Views: 2923

Re: contributing to friend's non-profit?

I would attend and contribute if it was a close friend in my "inner circle" of friends, no questions asked, they would do the same for me. Outside of that it would depend on many factors, and I would not have a problem saying no thank you if the cause is something I am not passionate about. I would ...
by sixty40
Sun Oct 15, 2017 11:10 am
Forum: Personal Consumer Issues
Topic: Liability of phone conversations while my client is driving (and I am not in the car)?
Replies: 64
Views: 5852

Re: Liability of phone conversations while my client is driving (and I am not in the car)?

IMO, dealing in absolutes is never a good thing. You have every right to not take business from a client that is doing something you think is dangerous to them and others. To what level does this go? What if they had a felony or misdemeanor, is that acceptable? Convicted of drunk driving or driving ...
by sixty40
Sat Oct 14, 2017 1:09 pm
Forum: Personal Consumer Issues
Topic: anyone else not liking the new cars?
Replies: 158
Views: 21403

Re: anyone else not liking the new cars?

Japanese cars have always been "what were they thinking?" design wise with occasional strokes of brilliance (S2000, all NSX, Supra, the Z family). Acura used to have beautiful cars across the lineup until they decided to add the stupid beak to the grill. That bad idea has now migrated to the Honda ...
by sixty40
Sat Oct 14, 2017 1:03 pm
Forum: Personal Consumer Issues
Topic: Car Buying, Time to grow up.
Replies: 59
Views: 6833

Re: Car Buying, Time to grow up.

Unless you have a high paying job, I would recommend paying cash and not financing. I never liked making monthly payments for anything (except for a home of course, no option). I have always paid cash for all cars. Don't get into the habit of financing anything, to me it is a bad habit and slippery ...
by sixty40
Sun Oct 08, 2017 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Sell or keep shares of a private company?
Replies: 46
Views: 4200

Re: Sell or keep shares of a private company?

So the base is $1.0M, the upside is $5.0M, and is the realistic downside $0 (or higher)? I would look at the potential upside and potential downside as a matter of percentage. If upside is 50% and downside is 10%, I would hold onto it. If upside is 10% and downside is 50%, I would take the $1.0M. O...
by sixty40
Fri Oct 06, 2017 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Sell or keep shares of a private company?
Replies: 46
Views: 4200

Re: Sell or keep shares of a private company?

So the base is $1.0M, the upside is $5.0M, and is the realistic downside $0 (or higher)? I would look at the potential upside and potential downside as a matter of percentage. If upside is 50% and downside is 10%, I would hold onto it. If upside is 10% and downside is 50%, I would take the $1.0M. On...
by sixty40
Fri Oct 06, 2017 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: bonus tax question
Replies: 7
Views: 875

Re: bonus tax question

We just issued bonuses to the officers in our company. There are 3 categories that the employee can control which are; 401k contribution, federal tax, and state tax(if applicable). We ask each employee how much they want deducted in these categories, they can choose Standard for the taxes. You canno...
by sixty40
Tue Oct 03, 2017 10:08 pm
Forum: Personal Investments
Topic: FA Offering Financial Instrument--Turn $90K into $360K
Replies: 18
Views: 2568

Re: FA Offering Financial Instrument--Turn $90K into $360K

One thing I would ask is that, at the end of the 14 yr term can I withdraw all the funds out w/o any penalty or fees? I am assuming the answer is NO. Whether you have actually quadrupled your money in 14 yrs is irrelevant if you cannot withdraw it, it may only look like it on paper. I would imagine ...
by sixty40
Mon Sep 18, 2017 2:48 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on "entertainment"?
Replies: 50
Views: 5305

Re: How much do you spend on "entertainment"?

I think age and income matters, so looking back when I was in mid 20's with my first job: - Happy hour about once per week after work, about $16 each time (2 drinks x $4, happy hr food at $8) - No hobbies - Saving money to buy 1st home. - Had a girl and future wife at the time, per week (1)movie, (2...
by sixty40
Sun Sep 17, 2017 10:39 pm
Forum: Personal Consumer Issues
Topic: Best if used by, sell by?
Replies: 26
Views: 3814

Re: Best if used by, sell by?

tim1999 wrote: Thu Feb 09, 2017 4:22 pm
sixty40 wrote:I just had a can of V8 with a date of 9/5/2010. I'll let you know if anything happens by tomorrow.
You still there? It's been a few days....
Tim1999, I am still here! :happy I have a few more cans left.
by sixty40
Sun Sep 17, 2017 10:13 pm
Forum: Investing - Theory, News & General
Topic: Help! - How to improve small company 401k?
Replies: 19
Views: 2275

Re: Help! - How to improve small company 401k?

To the OP, We are also a small engineering firm and I am one of the trustees of our 401K and it is with American Funds (AF), but we have the R3 class and the expenses are in the 1.0% range. I think we picked up some upfront costs as a company to go with R3 shares so all the employees (I am also an e...
by sixty40
Sun Sep 17, 2017 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Pocket money allowance for college student
Replies: 48
Views: 6311

Re: Pocket money allowance for college student

I think a part time job, maybe after the freshman year, is a good thing and I do not think it takes away from studies. As I recall, there is a lot of free (non-study) time in college, but I did not go to a highly prestigious university that may have required more work. I studied engineering at a sta...
by sixty40
Sun Sep 17, 2017 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Pocket money allowance for college student
Replies: 48
Views: 6311

Re: Pocket money allowance for college student

My oldest is in his final year at UC Santa Cruz and my middle child will be starting college next year (at least that is the plan). Luckily we have saved up enough to pay for our kids education. For my oldest we paid/pay for all his college related expenses such as tuition, room and board, books, et...
by sixty40
Sat Sep 09, 2017 10:12 am
Forum: Personal Consumer Issues
Topic: HVAC AC and furnace replacement quandary
Replies: 21
Views: 3540

Re: HVAC AC and furnace replacement quandary

I find the NextDoor app useful in cases like this. Many people in the neighborhood have situations where they need work done, they ask others about who they used or recommend and people seem to give honest responses. You should give it a try.
by sixty40
Thu Sep 07, 2017 6:28 am
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 505
Views: 71497

Re: Name something you had to have and now you regret purchasing it?

Airline tickets to Miami so I could go diving in the Keys from Friday - Wednesday. The car rental and the hotel both refunded my money with no hassle but the airlines are insisting on a $200 penalty for each way. Neither direction cost $200. Similar thing happened to me. It may be about 12 yrs ago,...
by sixty40
Fri Sep 01, 2017 6:39 pm
Forum: Personal Investments
Topic: Muni Bonds And Taxex?
Replies: 3
Views: 647

Re: Muni Bonds And Taxex?

Comparison of SEC Yield, Distr Yield, Duration, Price range last 52-weeks. Based on VG funds. VBTLX Total Bond Mkt: 2.34%, 2.48%, 6.1 yrs, 5.40% VWITX Inter-term Muni: 1.64%, 2.70%, 5.2 yrs, 5.82%. The distribution yield, which is what you will get 'today" is much higher than the SEC Yield, and is h...
by sixty40
Fri Sep 01, 2017 5:34 pm
Forum: Personal Investments
Topic: Necessary time horizon to consider investing in municipal bonds
Replies: 7
Views: 971

Re: Necessary time horizon to consider investing in municipal bonds

Also one's tax bracket is not the effective tax rate. If you are at the 33% bracket, all the monies you are taxed before that is at a lower rate, so your effective rate is lower than your highest bracket. This is true, but our wage income dwarfs would still dwarf any interest coming from taxable bo...
by sixty40
Fri Sep 01, 2017 11:37 am
Forum: Personal Investments
Topic: Necessary time horizon to consider investing in municipal bonds
Replies: 7
Views: 971

Re: Necessary time horizon to consider investing in municipal bonds

I think the OP should also consider risk. I believe from a safest to less safe standpoint, it is; Treasury, Muni, Intermediate/Total Bond, Investment grade, and lastly High Yield. Typically unless weird market conditions, the higher the yield the higher risk. Total Bond has more risk than Muni so it...