Search found 1814 matches

by Bacchus01
Mon Aug 06, 2018 8:46 am
Forum: Personal Consumer Issues
Topic: Costco Travel Experience?
Replies: 5
Views: 745

Re: Costco Travel Experience?

Have used them for a trip to Dominican Republic. Loved it and couldn't come within 15% of the price by going elsewhere and piecing it together.

I have NEVER been able to beat Costco rental car prices, even with our large corporate discount.
by Bacchus01
Mon Aug 06, 2018 8:45 am
Forum: Investing - Theory, News & General
Topic: The stock market is shrinking.
Replies: 68
Views: 7623

Re: The stock market is shrinking.

Dan Rassmusen has made the argument that buyout firms are set up to have rather bad returns going forward because the firms they buyout are no longer all that cheap because so many institutional investors are crowding the space. He talked about this on meb fabers podcast if interested. I think ther...
by Bacchus01
Mon Aug 06, 2018 7:47 am
Forum: Personal Finance (Not Investing)
Topic: I pay $6K in rent. Am I an idiot for not buying?
Replies: 76
Views: 14469

Re: I pay $6K in rent. Am I an idiot for not buying?

If it was cheaper to rent, then why would the owner rent it? Rent is almost always dollars and cents more expensive. In some of these insanely expensive cities, landlords are willing to take a loss on renting today because they speculate future appreciation in home prices and/or rents. I'm not sure...
by Bacchus01
Mon Aug 06, 2018 5:54 am
Forum: Personal Finance (Not Investing)
Topic: I pay $6K in rent. Am I an idiot for not buying?
Replies: 76
Views: 14469

Re: I pay $6K in rent. Am I an idiot for not buying?

If it was cheaper to rent, then why would the owner rent it? Rent is almost always dollars and cents more expensive. But, that doesn’t mean you should buy. Rent gives flexibility. Rent is a hedge against the risk of a roof going bad, a heater busting, etc. The tax benefits of home ownership have bee...
by Bacchus01
Sun Aug 05, 2018 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review, Age 31, $1.5 million net worth
Replies: 38
Views: 8333

Re: Portfolio Review, Age 31, $1.5 million net worth

Just something to consider, but in 2006 at the age of 33, my wife and I had hit a net worth of just over $1M.

When the recession hit, we went down and did not get back to $1M until late 2012. It took 4+ years. Be careful.

Good luck!
by Bacchus01
Sun Aug 05, 2018 11:59 am
Forum: Investing - Theory, News & General
Topic: The stock market is shrinking.
Replies: 68
Views: 7623

Re: The stock market is shrinking.

Why not look at the rest of the line? You might want to do that yourself and notice that it levels off for about 4 years immediately AFTER the dashed red vertical line. Sure does. What does that tell you? Despite a major market correction which usually creates a rebound, SOX killed any rebound. It’...
by Bacchus01
Sun Aug 05, 2018 6:24 am
Forum: Investing - Theory, News & General
Topic: The stock market is shrinking.
Replies: 68
Views: 7623

Re: The stock market is shrinking.

1. Why is the number of publicly trade companies shrinking?... Sarbanes Oxley - makes it expensive for a smaller company to be public and is incentive to stay private. This is a huge driver for many companies The cause came six years after the effect? https://imgur.com/hnmLPBI.png Why not look at t...
by Bacchus01
Sun Aug 05, 2018 6:22 am
Forum: Personal Consumer Issues
Topic: Audi A4 -- Does Anyone Have an Opinion About It?
Replies: 31
Views: 3050

Re: Audi A4 -- Does Anyone Have an Opinion About It?

I rented one for 4 days, 300 miles last year (Silvercar). Perhaps the sportiness of any car is wasted on me. I was not impressed. I prefer Lexus LS 460 (costlier, I think) and Toyota Avalon (cheaper, I think) to the Audi A4. I like quiet reliable cars. It was not a bad car, but just not worth the p...
by Bacchus01
Sun Aug 05, 2018 6:16 am
Forum: Investing - Help with Personal Investments
Topic: How many years till FIRE? Which path would you choose?
Replies: 38
Views: 4800

Re: How many years till FIRE? Which path would you choose?

- 150K/yr x25 = 3.75MM. - your NW: 1.8MM - 1.1MM = 0.7MM. - adding 270K/yr, at 5%. probably <10 years. - likely making hay while the sun then leaving CA is the most optimal path. Do you seriously expect a 70/30 AA to yield a 5% real return (i.e., after inflation)? That sounds overly optimistic to m...
by Bacchus01
Sun Aug 05, 2018 6:09 am
Forum: Investing - Theory, News & General
Topic: The stock market is shrinking.
Replies: 68
Views: 7623

Re: The stock market is shrinking.

Raabe34 wrote:
Sat Aug 04, 2018 10:55 pm
gasman wrote:
Sat Aug 04, 2018 7:51 pm
1. Why is the number of publicly trade companies shrinking?
2. What can/should an investor do other than diversify as widely as possible?
Sarbanes Oxley - makes it expensive for a smaller company to be public and is incentive to stay private.
This is a huge driver for many companies
by Bacchus01
Sat Aug 04, 2018 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with too much cash?
Replies: 24
Views: 2856

Re: What to do with too much cash?

We were almost in the same spot you are about 6-8 years ago. Ultimately I took a couple days over Christmas holiday in 2012 or so. I read every piece of the wiki I could. I wrote an investment plan with my wife. We had about $500K sitting in cash at the time. After making some moves I’m our tax def...
by Bacchus01
Sat Aug 04, 2018 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with too much cash?
Replies: 24
Views: 2856

Re: What to do with too much cash?

After making some moves I’m our tax deferred accounts, starting an HSA, funding 529s, and doing backdoor Roths, we dumped $400k of that $500k into TSM and haven’t looked back. Phew, I'm so glad to hear I'm not the only one who's found myself in this situation. Do you mind if I ask - did you do it a...
by Bacchus01
Sat Aug 04, 2018 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 15623

Re: Will you pay for your kids' college/graduate education?

Yes. We will foot it. We’d prefer to give out inheritance to our kids while alive, and a quality education is about the best inheritance we can give.
by Bacchus01
Sat Aug 04, 2018 10:58 am
Forum: Investing - Help with Personal Investments
Topic: What to do with too much cash?
Replies: 24
Views: 2856

Re: What to do with too much cash?

We were almost in the same spot you are about 6-8 years ago. Ultimately I took a couple days over Christmas holiday in 2012 or so. I read every piece of the wiki I could. I wrote an investment plan with my wife. We had about $500K sitting in cash at the time. After making some moves I’m our tax defe...
by Bacchus01
Fri Aug 03, 2018 6:15 am
Forum: Personal Finance (Not Investing)
Topic: Land Purchase Possible or Forget About It?
Replies: 20
Views: 1815

Re: Land Purchase Possible or Forget About It?

Is there an easement to get access to the land? If not, it isn’t worth a dime.
by Bacchus01
Thu Aug 02, 2018 7:32 pm
Forum: Personal Consumer Issues
Topic: ACT test - got 34, try for 36?
Replies: 61
Views: 5571

Re: ACT test - got 34, try for 36?

Stop the madness! We are going through this process right now as I’m writing this at a hotel near Clemson. Do your research on the schools your son/daughter is interested in attending. Each schools website will tell you if they super-score the SAT (most do), the ACT (most don’t) and typically what ...
by Bacchus01
Tue Jul 31, 2018 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: $8712/year for insurance (auto, home, rental) How to reduce?
Replies: 40
Views: 3089

Re: $8712/year for insurance (auto, home, rental) How to reduce?

Those rates seem low to me, and I live in Wisconsin.
by Bacchus01
Mon Jul 30, 2018 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: Net worth of $3.7M at age 47 - can I retire?
Replies: 126
Views: 14789

Re: Net worth of $3.7M at age 47 - can we retire?

My situation is not different from yours. Age near 50. 2 young teenagers. Mortgage $150,000 left (but can pay off in 4 years, interest 3.875%) Reside in HCOL area. Burnout is setting in at my work badly. My plan: 1. Work 4-8 years until kids finish high school, preferably college unless burnout int...
by Bacchus01
Mon Jul 30, 2018 9:20 pm
Forum: Investing - Help with Personal Investments
Topic: Net worth of $3.7M at age 47 - can I retire?
Replies: 126
Views: 14789

Re: Net worth of $3.7M at age 47 - can we retire?

Why retire cold turkey at 47? What about a leave of absence? What about a different job, something between what you do now and selling woodscrews at Home Depot. I constantly see these posts essentially saying people are tired of driving at 120mph and just want to come to a complete halt. Why not in...
by Bacchus01
Mon Jul 30, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: When mortgage rates are high, why invest in stock market?
Replies: 36
Views: 4510

Re: When mortgage rates are high, why invest in stock market?

We have bought houses in 1998, 2004, 2006, 2010, 2013, and 2016. We have refinanced in 2008, 2012. and 2017. Other than the 1998 buy at 6.75% as our first home with just 5% down, we have never had a rate over 4% and most were under 3%. I’m not seeing this 7% argument for mortgages in any lasting re...
by Bacchus01
Mon Jul 30, 2018 7:31 am
Forum: Personal Finance (Not Investing)
Topic: When mortgage rates are high, why invest in stock market?
Replies: 36
Views: 4510

Re: When mortgage rates are high, why invest in stock market?

We have bought houses in 1998, 2004, 2006, 2010, 2013, and 2016. We have refinanced in 2008, 2012. and 2017. Other than the 1998 buy at 6.75% as our first home with just 5% down, we have never had a rate over 4% and most were under 3%. I’m not seeing this 7% argument for mortgages in any lasting rea...
by Bacchus01
Mon Jul 30, 2018 7:25 am
Forum: Personal Finance (Not Investing)
Topic: 401K withdrawal in first year of retirement? Tax question.
Replies: 16
Views: 1192

Re: 401K withdrawal in first year of retirement? Tax question.

I would consider doing ROTH conversions to the top of the 22% bracket and possibly the 24% bracket starting next year at least.
by Bacchus01
Mon Jul 30, 2018 7:11 am
Forum: Investing - Theory, News & General
Topic: Are stocks dangerously overvalued? Not according to new Vanguard yardstick
Replies: 84
Views: 8925

Re: Are stocks dangerously overvalued? Not according to new Vanguard yardstick

If nothing changes at all, and 2008 is removed from the data, what does CAPE look like?

Edit: interesting article

https://www.google.com/amp/s/earlyretir ... -fear/amp/
by Bacchus01
Mon Jul 30, 2018 6:02 am
Forum: Personal Consumer Issues
Topic: ACT test - got 34, try for 36?
Replies: 61
Views: 5571

Re: ACT test - got 34, try for 36?

My son got a 31. I’m encouraging him to take it again. However, he wants to go to the flagship state university (UW-Madison) and a slightly better ACT would probably help. If he had gotten a 34, I’d be doing dances I’m the street because he’d almost certainly get into UW. UW does not give merit aid,...
by Bacchus01
Thu Jul 12, 2018 7:56 am
Forum: Personal Consumer Issues
Topic: Tool cabinets?
Replies: 32
Views: 2303

Re: Tool cabinets?

SuperGrafx wrote:
Wed Jul 11, 2018 2:55 pm
Just go to Sears or Lowe's and get a Craftsman model.
Most of them are still made in the US and priced competitively.
No need to over complicate this.
This is largely false.

I have a large craftsman set in my garage. That said, if I was buying today, US General would be the choice.
by Bacchus01
Wed Jul 11, 2018 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: College savings plans - Roth vs. 529
Replies: 32
Views: 2619

Re: College savings plans - Roth vs. 529

I am not in favor of using retirement accounts for other purposes. There are many ways to pay for college, but only one to pay for retirement. If you don't like 529 plan restrictions, either set up an UTMA account or just invest in a taxable account. What? There are just as many ways for retirement...
by Bacchus01
Wed Jul 11, 2018 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Ex wants to use me for Joint and Survivor Annuity to forward to kids
Replies: 32
Views: 1902

Re: Ex wants to use me for Joint and Survivor Annuity to forward to kids

He can’t just name them in equal parts? I have a pension that allows me to name anyone as a beneficiary (including anyone posting on this thread!) , but it can only be one person. Also, the age of the beneficiary determines the hit my pension will take vs. the single life annuity. The younger the p...
by Bacchus01
Wed Jul 11, 2018 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Personal 529 inherited by sons - are they taxable?
Replies: 16
Views: 1630

Re: Personal 529 inherited by sons - are they taxable?

Thanks! Since we are funding a 529 for each of my wife and I with the intention to move to our kids and gain a little extra state tax protection , is it advisable to move amounts each year to the new beneficiaries (our kids) up to the annual exclusion to make it simple? I'm not using any savings bo...
by Bacchus01
Wed Jul 11, 2018 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: What rate of return are you using for retirement projections?
Replies: 99
Views: 9990

Re: What rate of return are you using for retirement projections?

Using broad market ultra-low cost index funds, I would use the following nominal expected 30 year returns for planning: 2.0% inflation 2.5% cash and cash-like 4.0% intermediate-term bonds 7.0% global equities 5.5% balanced 60/40 with some cash Rick Ferri This Some of you are real pessimists! Wow. I...
by Bacchus01
Wed Jul 11, 2018 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Personal 529 inherited by sons - are they taxable?
Replies: 16
Views: 1630

Re: Personal 529 inherited by sons - are they taxable?

Thanks! Since we are funding a 529 for each of my wife and I with the intention to move to our kids and gain a little extra state tax protection, is it advisable to move amounts each year to the new beneficiaries (our kids) up to the annual exclusion to make it simple? I would not. It would have th...
by Bacchus01
Wed Jul 11, 2018 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Personal 529 inherited by sons - are they taxable?
Replies: 16
Views: 1630

Re: Personal 529 inherited by sons - are they taxable?

So, if I have $50k in an account now with me as the beneficiary, and I want to move that to my sons account in the next twelve months as he enters college, that is treated as a taxable gift? It is treated as a "reportable" gift. Either using only the annual exclusion (2018 = $15K) with the remainin...
by Bacchus01
Wed Jul 11, 2018 7:32 am
Forum: Investing - Help with Personal Investments
Topic: When to start taxable?
Replies: 22
Views: 2206

Re: When to start taxable?

You don’t say how much you have in residual income not what tax bracket, but my order of funding is:

- 401k to max match
- HSA
- Roth IRA
- 401k to $18.5k
- 529s
- NQ deferred comp to get to 24% marginal bracket
- after tax
by Bacchus01
Wed Jul 11, 2018 6:04 am
Forum: Personal Finance (Not Investing)
Topic: Personal 529 inherited by sons - are they taxable?
Replies: 16
Views: 1630

Re: Personal 529 inherited by sons - are they taxable?

So, if I have $50k in an account now with me as the beneficiary, and I want to move that to my sons account in the next twelve months as he enters college, that is treated as a taxable gift? But, if I just write a check for his college expenses, it’s not treated as a taxable gift? How does that work...
by Bacchus01
Wed Jul 11, 2018 5:57 am
Forum: Personal Finance (Not Investing)
Topic: 30 Year vs 15 Year Mortgage
Replies: 79
Views: 4969

Re: 30 Year vs 15 Year Mortgage

I am a fan of the 30 year fixed rate approach. It's one of the best hedges against inflation available to most people. If inflation and interest rates rise, you're golden. If they drop, you can refinance. If you want to pay it off early, you can. Plus it gives you more liquidity. I have always done...
by Bacchus01
Wed Jul 11, 2018 5:54 am
Forum: Personal Consumer Issues
Topic: Should I contact GMC about A/C issues?
Replies: 42
Views: 2209

Re: Should I contact GMC about A/C issues?

...if GMC would step up to the plate and fix the parts I might consider another GM vehicle. I learned my lesson many years ago. Why do people keep buying these unreliable cars when they could buy a Honda, Toyota or Subaru? I don't get it at all. You get what you deserve for not doing your homework....
by Bacchus01
Tue Jul 10, 2018 7:21 am
Forum: Investing - Help with Personal Investments
Topic: Where do you keep your Emergency Fund?
Replies: 50
Views: 5934

Re: Where do you keep your Emergency Fund?

ROTH IRA
HSA
Ally Savings
Credit Cards

We could live for 3 years on that
by Bacchus01
Mon Jul 09, 2018 10:08 pm
Forum: Personal Consumer Issues
Topic: Should I contact GMC about A/C issues?
Replies: 42
Views: 2209

Re: Should I contact GMC about A/C issues?

We have a 2014 Acadia Denali. Also Hs a bad condenser.

Worst vehicle ever. Will never buy a GMC again.
by Bacchus01
Mon Jul 09, 2018 9:43 pm
Forum: Personal Consumer Issues
Topic: Colorado Day Hike Suggestions
Replies: 21
Views: 1363

Re: Colorado Day Hike Suggestions

Got my hotel booked for Georgetown, CO, Friday night. I'll be coming down from Fort Collins a little late. Headed over to the trailhead for Grays and Torreys by 5:30. Rented an SUV to get there. I have a 5:55PM flight out of Denver on Saturday evening. I really wish the United lounge had a shower th...
by Bacchus01
Mon Jul 09, 2018 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing with recruiters
Replies: 20
Views: 2170

Re: Dealing with recruiters

I generally only get contacted by the top executive recruiters any more because of position (Korn Ferry, Russel Reynolds, Spencer Stuart, etc). I always listen and often tell them “it’s not a great fit for me, but let me check my network.” I always give them 2-3 names of people they should contact. ...
by Bacchus01
Sun Jul 08, 2018 5:36 pm
Forum: Personal Consumer Issues
Topic: Colorado Day Hike Suggestions
Replies: 21
Views: 1363

Re: Colorado Day Hike Suggestions

Thanks. I actually think I’m going to get a hotel room in Idaho Falls or Georgetown on Friday night and drive down from Ft Collins.
by Bacchus01
Sun Jul 08, 2018 4:44 pm
Forum: Personal Consumer Issues
Topic: Colorado Day Hike Suggestions
Replies: 21
Views: 1363

Re: Colorado Day Hike Suggestions

climber2020 wrote:
Sun Jul 08, 2018 4:29 pm
Bacchus01 wrote:
Sun Jul 08, 2018 4:24 pm
Now leaning towards Grays and Torreys Peak.
Kelso Ridge is a nice trail up to those two peaks. Lots of great scrambling on the way up.
Since I'm coming for such a short trip, I think I will avoid the scrambles this trip.
by Bacchus01
Sun Jul 08, 2018 4:24 pm
Forum: Personal Consumer Issues
Topic: Colorado Day Hike Suggestions
Replies: 21
Views: 1363

Re: Colorado Day Hike Suggestions

co_investor wrote:
Sat Jul 07, 2018 9:55 pm
Agree with whoever recommended Mt. Bierstadt. Grays or Torreys peak are good options as well.

Enjoy Colorado!
Now leaning towards Grays and Torreys Peak.

I've actually changed my plans. Staying in Ft Collins area and not Colorado Springs.
by Bacchus01
Sun Jul 08, 2018 9:41 am
Forum: Investing - Theory, News & General
Topic: The Worst U.S. Portfolio Disasters — A Historical Comparison
Replies: 66
Views: 6045

Re: The Worst U.S. Portfolio Disasters — A Historical Comparison

columbia wrote:
Fri Jul 06, 2018 6:11 pm
It seems like a good argument for a 50/50 portfolio over the long run.
Why? I’m not being obtuse, I just don’t see that resounding in this analysis. If anything, I see a “it probably doesn’t matter” result.
by Bacchus01
Sun Jul 08, 2018 9:15 am
Forum: Personal Finance (Not Investing)
Topic: What rate of return are you using for retirement projections?
Replies: 99
Views: 9990

Re: What rate of return are you using for retirement projections?

The current yields on TIPS are 5-year - .5%-ish and 7-year .7%-ish so the 2% real yield implied by these estimates are inconsistent with what yields on current instruments are predicting. My average duration is under 5 years so I simplify things by averaging down to zero real return on the bond por...
by Bacchus01
Sun Jul 08, 2018 8:18 am
Forum: Personal Finance (Not Investing)
Topic: What rate of return are you using for retirement projections?
Replies: 99
Views: 9990

Re: What rate of return are you using for retirement projections?

Using broad market ultra-low cost index funds, I would use the following nominal expected 30 year returns for planning: 2.0% inflation 2.5% cash and cash-like 4.0% intermediate-term bonds 7.0% global equities 5.5% balanced 60/40 with some cash Rick Ferri This Some of you are real pessimists! Wow. I...
by Bacchus01
Sun Jul 08, 2018 8:08 am
Forum: Personal Consumer Issues
Topic: Colorado Day Hike Suggestions
Replies: 21
Views: 1363

Re: Colorado Day Hike Suggestions

Are you sure you want to do a 14er? It a lot harder than 10k'. The oxygen level goes way down. I would not attempt that solo. I'm on the other side of the mountain, so not familiar with trails over there. There has to be some good trails that are between 10-13k over there. Plan on early morning as ...
by Bacchus01
Sun Jul 08, 2018 8:07 am
Forum: Personal Finance (Not Investing)
Topic: What rate of return are you using for retirement projections?
Replies: 99
Views: 9990

Re: What rate of return are you using for retirement projections?

Using broad market ultra-low cost index funds, I would use the following nominal expected 30 year returns for planning: 2.0% inflation 2.5% cash and cash-like 4.0% intermediate-term bonds 7.0% global equities 5.5% balanced 60/40 with some cash Rick Ferri This Some of you are real pessimists! Wow. I...
by Bacchus01
Sun Jul 08, 2018 8:06 am
Forum: Personal Consumer Issues
Topic: Colorado Day Hike Suggestions
Replies: 21
Views: 1363

Re: Colorado Day Hike Suggestions

You could do the Barr trail, on the way down from doing the Manitou incline. That is the way down. Manitou incline is an accomplishment in itself. A sort of different hike. It will not be as long in time as maybe you were looking for but sufficient for effort. Otherwise Bierdstat is a good option. ...