Search found 81 matches

by gblack
Fri Apr 16, 2021 3:23 pm
Forum: Investing - Theory, News & General
Topic: Move towards a higher stock allocation after a crash
Replies: 67
Views: 3950

Re: Move towards a higher stock allocation after a crash

How about the opposite scenario when stocks increase nearly 50% in the past year (like it has). Would you argue for moving to a more conservative asset allocation. Does not all the same logic apply?
by gblack
Fri Apr 09, 2021 10:54 pm
Forum: Personal Investments
Topic: Mixing Bogle and Ramsey to build my portfolio
Replies: 90
Views: 7871

Re: Mixing Bogle and Ramsey to build my portfolio

The portfolio is fine. That is not a Ramsey portfolio at all. Ramsey has you chasing performance. Ignore his investing advice. I'm not a fan of Ramsey's investing advice, but he does not have you chasing performance. His investment advice is pretty straight forward and consistent and not sure where...
by gblack
Thu Apr 08, 2021 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Better to buy a new vs used car these days??
Replies: 21
Views: 1994

Re: Better to buy a new vs used car these days??

I'm struggling with this replacement vehicle decision as well. Also looking at Rav4 and Outback as well as the CRV. I pretty much have settled on 25K being the most I want to spend and it's really hard to find new for that. Going to test drive a 2017 Outback Touring 3.6L with 25K miles tonight. New...
by gblack
Thu Apr 08, 2021 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Better to buy a new vs used car these days??
Replies: 21
Views: 1994

Re: Better to buy a new vs used car these days??

I bought a new outback in 2019 toward the end of the year before new models were going to come out. I used Costco buying program price as a baseline and then called around to local dealerships and got the best price offer for what I wanted. It was significantly below MSRP and yes, made purchasing a ...
by gblack
Sun Apr 04, 2021 8:58 pm
Forum: Personal Investments
Topic: Suitable substitute for VOO
Replies: 27
Views: 1595

Re: Suitable substitute for VOO

This is not the reply you are seeking, but I faced a similar situation and opted for auto contribution to a target date index fund. Downsides: not as tax efficient, low expense, or as good a returns Upsides: the ease and automatic nature of the contributions (I lower and raise depending on income si...
by gblack
Wed Mar 31, 2021 2:22 pm
Forum: Investing - Theory, News & General
Topic: In what condition, will international significantly overperform US?
Replies: 170
Views: 12533

Re: In what condition, will international significantly overperform US?

I confess to knowing nothing, but isn't it within the realm of possibilities that the next Tesla, Facebook, or Google is created somewhere else in the world like Germany, South Korea, China, India, or the UK?
by gblack
Fri Mar 12, 2021 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Renting for life - a bad idea?
Replies: 156
Views: 11724

Re: Renting for life - a bad idea?

People hate to hear this. No one wants to ever think about or admit that they were wrong. I didnt purchase my home as an investment so I dont care. But if people think owning a home is cheaper, I have a bridge to sell them. I don't get these arguments for maintenance. Who pays for the maintenance o...
by gblack
Fri Mar 12, 2021 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Renting for life - a bad idea?
Replies: 156
Views: 11724

Re: Renting for life - a bad idea?

We lived in a house we owned for 21 years in an affluent suburb. When we sold and moved out, we analyzed the economics. We sold the house for much more than we paid for it. When we calculated the rate of return it was 3.1% per year. The SP500 in the same period returned about 10% per year. Clearly ...
by gblack
Sat Feb 20, 2021 2:01 pm
Forum: Personal Investments
Topic: How to invest money you may want to use in mid term?
Replies: 39
Views: 4129

Re: How to invest money you may want to use in mid term?

I like the 50/50 suggestions provided if you prefer to bucket. Food for thought - it might not be popular with others, but I stumbled upon my own "solution," for a similar situation which is to hold a generous emergency fund (I like cash in general for the flexibility) and I just pile the ...
by gblack
Sat Feb 06, 2021 3:12 pm
Forum: Investing - Theory, News & General
Topic: Suggestion for the wiki on Target Date Funds
Replies: 6
Views: 545

Re: Suggestion for the wiki on Target Date Funds

Just coming across this notion of a single fund across accounts - very much speaks to me. But a practical question: what happens when you want to adjust your asset allocation due to a change in life circumstance? Roth or 401k will incur no cost to switch from a 2045 to a 2030, but a taxable account ...
by gblack
Sun Jan 31, 2021 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Home buying marathon
Replies: 43
Views: 4786

Re: Home buying marathon

I'm a big advocate of buying homes in HCOL and VHCOL, but this situation has alarm bells going off all around it. Without knowing anything about you guys, it seems to me you are inviting both financial and relationship trouble by "jumping the gun." It's unclear whether you're making decisi...
by gblack
Wed Jan 13, 2021 1:21 am
Forum: Personal Investments
Topic: VOYA 401-K Rant
Replies: 26
Views: 2212

Re: VOYA 401-K Rant

I had the same murky experience with Voya 401k, but other posters have correctly pointed out the CIT thing. I had what I thought was a good Vanguard Target Date fund with a .15 expense ratio, but noticed fees being deducted from my account every so often. I did some digging and found out they also c...
by gblack
Wed Jan 06, 2021 2:10 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 4428
Views: 341260

Re: Small Cap Value heads Rejoice !!!

it seemed to me there was higher risk and higher return for the Value/Growth 50-50 mix than Total Market. Food for thought.  gblack, I believe that you are wrong. The large growth is highly correlated with the total market. Large growth tends to do very well in a bull market. And, the large value d...
by gblack
Wed Jan 06, 2021 12:59 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 4428
Views: 341260

Re: Small Cap Value heads Rejoice !!!

I've been reviewing some potential factor funds for my Vanguard brokerage account and VFMF and some older posts discussing it caught my eye. If you don't mind sharing, what were the results of your backtest? How would "expected returns" stack up vs any given value-only factor fund? In ter...
by gblack
Sat Jan 02, 2021 12:57 am
Forum: Personal Finance (Not Investing)
Topic: Buying vs. Renting Principles
Replies: 233
Views: 21602

Re: Buying vs. Renting Principles

The problem with the OP post is that it presumes people buy homes to accumulate wealth, but in fact most people accumulate wealth to buy a home. Owning a home is a lifestyle choice that has many variables, but IMO has a better than 50/50 chance of paying off financially. I've owned and rented. Owin...
by gblack
Fri Jan 01, 2021 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Buying vs. Renting Principles
Replies: 233
Views: 21602

Re: Buying vs. Renting Principles

The problem with the OP post is that it presumes people buy homes to accumulate wealth, but in fact most people accumulate wealth to buy a home. Owning a home is a lifestyle choice that has many variables, but IMO has a better than 50/50 chance of paying off financially. I've owned and rented. Owing...
by gblack
Wed Dec 30, 2020 9:50 pm
Forum: Personal Consumer Issues
Topic: Financial Differences: One Versus Two Children
Replies: 57
Views: 4182

Re: Financial Differences: One Versus Two Children

A thing to note re: housing costs at least when they are young - our kids are in separate bedrooms, but actually want to share a bedroom. We have friends with 3 young kids in a single bedroom and they love it. I think kids much prefer another sibling to more of their own space (I imagine this change...
by gblack
Wed Dec 30, 2020 9:47 pm
Forum: Personal Consumer Issues
Topic: Financial Differences: One Versus Two Children
Replies: 57
Views: 4182

Re: Financial Differences: One Versus Two Children

I have two under 5 right now. Thus far anyway, it seems to cost less than double. Daycare is the big one. But costs for the older child go down as he got older and potty trained. Entering kindergarten ought to lower that more (planning on public school). Housing costs, car costs, healthcare, and foo...
by gblack
Wed Dec 30, 2020 12:54 am
Forum: Investing - Theory, News & General
Topic: Felix paper on factor investing; different factors
Replies: 96
Views: 7321

Re: Felix paper on factor investing; different factors

Thank you for the suggestions. A couple questions: 1) Why no Large Cap Growth? I've seen this written about, but in my investing life US Large Cap Growth has outperformed every other asset class. Is it because Total Market already has a heavy Growth component? Is it because Growth is highly overval...
by gblack
Tue Dec 29, 2020 1:14 am
Forum: Investing - Theory, News & General
Topic: Felix paper on factor investing; different factors
Replies: 96
Views: 7321

Re: Felix paper on factor investing; different factors

I can't totally follow all the math on the various papers, but I have a simple model portfolio I am posting below for criticism on this thread if anyone is up to read it. I came up with this after reading bogleheads for about a year now, but because: a) I already had a bunch of holdings b) I don't ...
by gblack
Tue Dec 29, 2020 1:02 am
Forum: Investing - Theory, News & General
Topic: Felix paper on factor investing; different factors
Replies: 96
Views: 7321

Re: Felix paper on factor investing; different factors

I can't totally follow all the math on the various papers, but I have a simple model portfolio I am posting below for criticism on this thread if anyone is up to read it. I came up with this after reading bogleheads for about a year now, but because: a) I already had a bunch of holdings b) I don't ...
by gblack
Mon Dec 28, 2020 12:26 am
Forum: Investing - Theory, News & General
Topic: Felix paper on factor investing; different factors
Replies: 96
Views: 7321

Re: Felix paper on factor investing; different factors

I can't totally follow all the math on the various papers, but I have a simple model portfolio I am posting below for criticism on this thread if anyone is up to read it. I came up with this after reading bogleheads for about a year now, but because: a) I already had a bunch of holdings b) I don't w...
by gblack
Thu Dec 17, 2020 4:02 pm
Forum: Personal Investments
Topic: 80/20 10 yrs from Retirement - Where to go from here?
Replies: 27
Views: 2092

Re: 80/20 10 yrs from Retirement - Where to go from here?

As others have said, it doesn't matter. Personally, I would switch to 70-30 now and just ride it out the rest of the way.
by gblack
Wed Dec 16, 2020 10:30 pm
Forum: Personal Investments
Topic: 401k Allocation Question
Replies: 3
Views: 253

Re: 401k Allocation Question

I'd do #2 because I imagine you'd get better/cheaper funds in the Roth IRA as well.
by gblack
Sun Dec 06, 2020 12:06 pm
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 626
Views: 85808

Re: What lifestyle creep made you happier?

Daily contacts are expensive, but IMO worth the upgrade.
by gblack
Sat Dec 05, 2020 2:00 pm
Forum: Personal Consumer Issues
Topic: Saving $ on my coffee habit
Replies: 95
Views: 6080

Re: Saving $ on my coffee habit

I would suggest OP starts with pour over to make single cups. Plastic pour over filter cone only cost around $5 and then get #2 filters. Can splurge on any beans. I buy ground beans because grinding myself not worth the extra time. Best value beans to me are Lavazza at grocery store. Although if I'm...
by gblack
Fri Nov 13, 2020 1:47 pm
Forum: Investing - Theory, News & General
Topic: The “nuts and bolts” of paying off a mortgage with bonds [Impact to AA & Glidepath]
Replies: 38
Views: 2639

Re: The “nuts and bolts” of paying off a mortgage with bonds [Impact to AA & Glidepath]

I am within a few years of retirement and already FI. This year we paid off the $191k 4.5% mortgage on a second home by selling about $170k in bond funds and selling some equity funds with high ERs along with cash from EF for the rest from our taxable Schwab account. I looked into a refi but ultima...
by gblack
Fri Nov 13, 2020 1:46 pm
Forum: Investing - Theory, News & General
Topic: The “nuts and bolts” of paying off a mortgage with bonds [Impact to AA & Glidepath]
Replies: 38
Views: 2639

Re: The “nuts and bolts” of paying off a mortgage with bonds [Impact to AA & Glidepath]

Why own bonds if they are not returning a real yield? Wouldn't cash be less risky? Benefit of paying off a mortgage is reduced monthly cash flow expense. With existing rates I basically consider cash and bonds interchangeable so it’s 6 or half dozen to me. If you read my original point - it was tha...
by gblack
Fri Nov 13, 2020 12:54 pm
Forum: Investing - Theory, News & General
Topic: The “nuts and bolts” of paying off a mortgage with bonds [Impact to AA & Glidepath]
Replies: 38
Views: 2639

Re: The “nuts and bolts” of paying off a mortgage with bonds [Impact to AA & Glidepath]

Why own bonds if they are not returning a real yield? Wouldn't cash be less risky? Benefit of paying off a mortgage is reduced monthly cash flow expense. With existing rates I basically consider cash and bonds interchangeable so it’s 6 or half dozen to me. If you read my original point - it was tha...
by gblack
Fri Nov 13, 2020 12:29 pm
Forum: Investing - Theory, News & General
Topic: The “nuts and bolts” of paying off a mortgage with bonds [Impact to AA & Glidepath]
Replies: 38
Views: 2639

Re: The “nuts and bolts” of paying off a mortgage with bonds [Impact to AA & Glidepath]

Your plan doesn't seem very logical to me at all. Paying down leads to paying less interest and paying off sooner and makes perfect financial sense, you are mistaken in thinking it only makes sense for behavioral reasons. With the best risk free rate at maybe 1.5% or so (via CDs) and bond index at ...
by gblack
Fri Nov 13, 2020 11:50 am
Forum: Investing - Theory, News & General
Topic: The “nuts and bolts” of paying off a mortgage with bonds [Impact to AA & Glidepath]
Replies: 38
Views: 2639

Re: The “nuts and bolts” of paying off a mortgage with bonds [Impact to AA & Glidepath]

I've wrestled with this general scenario as well and gone back and forth with different strategies. Here's what I landed on as a plan: 1) Keep investing at the selected asset allocation (both pre tax and post tax). In your ex case: 75/25. 2) Do not pay extra on the mortgage 3) When I hit a certain ...
by gblack
Fri Nov 13, 2020 12:22 am
Forum: Investing - Theory, News & General
Topic: The “nuts and bolts” of paying off a mortgage with bonds [Impact to AA & Glidepath]
Replies: 38
Views: 2639

Re: The “nuts and bolts” of paying off a mortgage with bonds [Impact to AA & Glidepath]

I've wrestled with this general scenario as well and gone back and forth with different strategies. Here's what I landed on as a plan: 1) Keep investing at the selected asset allocation (both pre tax and post tax). In your ex case: 75/25. 2) Do not pay extra on the mortgage 3) When I hit a certain ...
by gblack
Fri Nov 13, 2020 12:11 am
Forum: Personal Finance (Not Investing)
Topic: House Purchase Sanity Check
Replies: 92
Views: 6632

Re: House Purchase Sanity Check

This is an interesting conundrum/thread... a few additional thoughts: 1) Couple might be on the hook for MIL under-funded retirement whether or not they accept the equity gift. 2) Couple does not have a child yet, so wouldn't over plan on that situation yet. 3) In fairness, the couple has 100K saved...
by gblack
Thu Nov 12, 2020 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: Over-Improving Your Personal Residence?
Replies: 106
Views: 9233

Re: Over-Improving Your Personal Residence?

I recently did an over-improve remodel on my home. I know I'd only get about 50% back if I sold right now. And I think it was worth it. House is bigger, laid out in a way that makes more sense for us, added a bathroom, space, and all new stuff to kitchen, got new lighting and wiring, roof, re painte...
by gblack
Tue Nov 10, 2020 10:45 am
Forum: Personal Finance (Not Investing)
Topic: House Purchase Sanity Check
Replies: 92
Views: 6632

Re: House Purchase Sanity Check

This is one of those 'I'm doing something I know I can't do but let me try to justify it and hopefully I'll get some support and that'll build my confidence' plays. Not sure you'll get what you're looking for here. Ditto - It's a no from me. Almost, though I must say I'm surprised by the responses....
by gblack
Wed Nov 04, 2020 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Overstretched and under contract for 1.3M house.. should I back out?
Replies: 79
Views: 11192

Re: Overstretched and under contract for 1.3M house.. should I back out?

Thanks for all the responses. Perhaps I should have emphasized that overpaying for a house that was worth about 1.13M last December, and now buying for 1.3M feels like that not only I overstretched in terms of budget but also paid too much for the house. I feel like i made a mistake on 2 fronts a) ...
by gblack
Wed Nov 04, 2020 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Overstretched and under contract for 1.3M house.. should I back out?
Replies: 79
Views: 11192

Re: Overstretched and under contract for 1.3M house.. should I back out?

I say definitely buy the house. Everyone who buys in HCOL areas feels like they are overpaying. The reason the price went up is because the house is desirable. You can afford it. If something goes wrong down the line like job loss, then you can sell it. Psychologically, remember you're just moving n...
by gblack
Fri Sep 25, 2020 1:03 pm
Forum: Personal Consumer Issues
Topic: What's your favorite reasonably priced gin?
Replies: 113
Views: 8545

Re: What's your favorite reasonably priced gin?

Nolet, Martin Miller's Westbourne, City of London (cheap and great, but hard to find), or Hendricks.

this is for martinis.

vermouth choice important too - i use dolin as baseline.
by gblack
Thu Sep 10, 2020 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Buying vs. Renting Principles
Replies: 233
Views: 21602

Re: Buying vs. Renting Principles

1) If you plan on staying in such a place for the foreseeable future (5+ years), the rents are only going up. This isn’t true necessarily. We are seeing rents go down nationwide. https://www.zumper.com/blog/rental-price-data/ And not long ago we saw massive home price drops all over the country. Yo...
by gblack
Wed Sep 09, 2020 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: Buying vs. Renting Principles
Replies: 233
Views: 21602

Re: Buying vs. Renting Principles

I've only lived in HCOL areas. Most folks live in such areas because a) they earn a lot more money there than they could otherwise or b) they are from the area or c) they like the areas and can afford it. The 2x-3x of income "rule of thumb" for a house basically applies to no young family ...
by gblack
Fri Sep 04, 2020 10:52 pm
Forum: Investing - Theory, News & General
Topic: The “nuts and bolts” of paying off a mortgage with bonds [Impact to AA & Glidepath]
Replies: 38
Views: 2639

Re: The “nuts and bolts” of paying off a mortgage with bonds [Impact to AA & Glidepath]

I've wrestled with this general scenario as well and gone back and forth with different strategies. Here's what I landed on as a plan: 1) Keep investing at the selected asset allocation (both pre tax and post tax). In your ex case: 75/25. 2) Do not pay extra on the mortgage 3) When I hit a certain &...
by gblack
Sun Aug 23, 2020 11:32 am
Forum: Personal Investments
Topic: Target date funds in Taxable
Replies: 14
Views: 1295

Re: Target date funds in Taxable

I know it's frowned upon here, but I do target date in taxable. I just find it easier, automatic, and what's the alternative? Something that doesn't make money and therefore initiate tax? The issue is not one of frowning on things. The issue is just stating things that are true of different kinds o...
by gblack
Sat Aug 22, 2020 4:22 pm
Forum: Personal Investments
Topic: Target date funds in Taxable
Replies: 14
Views: 1295

Re: Target date funds in Taxable

I know it's frowned upon here, but I do target date in taxable. I just find it easier, automatic, and what's the alternative? Something that doesn't make money and therefore initiate tax?
by gblack
Sat Aug 15, 2020 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Please chime in!!! Houses are expensive, how much should I buy for? Net worth - $2M
Replies: 12
Views: 1748

Re: Please chime in!!! Houses are expensive, how much should I buy for? Net worth - $2M

Without knowing your entire life entire picture, or commenting on the future of Seattle real estate, I would buy a 1.3 mil house in your situation. Personally, I'm conservative when it comes to mortgage, so I'd probably do about a 720,000 mortgage in your income situation (2x income) and do a big do...
by gblack
Sun Aug 09, 2020 11:31 am
Forum: Personal Investments
Topic: Getting rid of Financial Advisor. What do I do next?
Replies: 36
Views: 3212

Re: Getting rid of Financial Advisor. What do I do next?

I saw Ramit Sethi post something about the insane amount of money someone was going to end up paying in financial advisor fees over their lifetime. This made me want to sort some stuff out and prevent that from happening. (Warning: I know very little about this stuff, which is part of why I initial...
by gblack
Tue Jul 21, 2020 8:56 pm
Forum: Personal Investments
Topic: Charles Schwab
Replies: 48
Views: 5889

Re: Charles Schwab

I really like Schwab, too. My favorite feature is the Portfolio Check Up tool. You are able to enter other account holdings and then run a snapshot of your total account balances and asset allocation percentages.
by gblack
Sat Jul 18, 2020 7:02 pm
Forum: Personal Investments
Topic: Until What Age Would You Recommend 0% Bond Allocation?
Replies: 149
Views: 9001

Re: Until What Age Would You Recommend 0% Bond Allocation?

40 for a simple rule of thumb.

My personal plan is the following:

Age:
20-40: 100 (+/- 5%)
40-50: 80/20 (+/- 5%)
50-60: 70/30 (+/- 5%)
60-70: 60/40 (+/- 5%)
70 - beyond: 50/50
by gblack
Thu Jul 02, 2020 12:12 pm
Forum: Investing - Theory, News & General
Topic: How to analyze having a paid-off mortgage in retirement?
Replies: 104
Views: 6729

Re: How to analyze having a paid-off mortgage in retirement?

We're all faced with the insecurity in our future. Sure, there are some trust-fund babies, but even they have no idea, when young, if they're going to be alive in 4+ decades. For those of us, the vast majority, who face the risk of not possessing any wealth in retirement, we are taking financial ri...
by gblack
Thu Jul 02, 2020 12:10 pm
Forum: Investing - Theory, News & General
Topic: How to analyze having a paid-off mortgage in retirement?
Replies: 104
Views: 6729

Re: How to analyze having a paid-off mortgage in retirement?

But to throw out some simple numbers, I see no reason to hold 600K in bonds paying 2% and a 200K mortgage at 3.5%. For instance: 100K yearly nut. 1.2 mil portfolio with 50/50 allocation. 200K mortgage plan to work 20+ more years gblack, <<For instance: 100K yearly nut. 1.2 mil portfolio with 50/50 ...
by gblack
Thu Jul 02, 2020 11:36 am
Forum: Investing - Theory, News & General
Topic: How to analyze having a paid-off mortgage in retirement?
Replies: 104
Views: 6729

Re: How to analyze having a paid-off mortgage in retirement?

Basically to minimize risk of poor stock market returns. I haven't done the math yet, but paying off the mortgage is a guaranteed savings of the interest rate (post taxes) vs the variability of the portfolio return. And I can't put numbers on this, but my instinct is that having a paid off house an...