Search found 9894 matches

by stan1
Thu Apr 22, 2021 5:19 pm
Forum: Investing - Theory, News & General
Topic: Bogle's comment on rebalancing
Replies: 56
Views: 3014

Re: Bogle's comment on rebalancing

There was a time when rebalancing was expensive. A telegram had to be sent to the broker or long distance was expensive and billed by the minute. There were fees, loads, and commissions. There were no spreadsheets or even computers so you would have had to copy your statement data onto a blank sheet...
by stan1
Thu Apr 22, 2021 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can we afford?
Replies: 21
Views: 1942

Re: How much house can we afford?

Seems like a choice you can make if you want, but of course you didn't tell us what the target price would be for the new house? Maybe it is $2M (sure you can do it) or maybe it is $5M (probably not!)? What is the price of a house your family would need? I'd start with that rather than trying to fig...
by stan1
Thu Apr 22, 2021 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Crazy Situation - Acura Dealer Gave Me Car With Wrong VIN Number - Wants to Swap Cars?
Replies: 98
Views: 6159

Re: Crazy Situation - Acura Dealer Gave Me Car With Wrong VIN Number - Wants to Swap Cars?

I've never taken a car to the DMV for this. In most states, the dealership takes care of everything for you and the plates show up in the mail. :wink: Absolutely, in my location where there is one DMV office per about 500,000 people it would be crazy to have to go to send people to the DMV in perso...
by stan1
Thu Apr 22, 2021 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Dual Agency
Replies: 4
Views: 259

Re: Dual Agency

Dual agency can refer to an agency or a specific agent. If an agency has hundreds of agents in your area I think it would be a huge disadvantage to exclude them. Having the same agent represent buyer and seller poses more conflicts of interest, but as a motivated seller in a seller's market I don't ...
by stan1
Thu Apr 22, 2021 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Crazy Situation - Acura Dealer Gave Me Car With Wrong VIN Number - Wants to Swap Cars?
Replies: 98
Views: 6159

Re: Crazy Situation - Acura Dealer Gave Me Car With Wrong VIN Number - Wants to Swap Cars?

Sounds like they want to do an under the table swap to correct their mistake. This may be the path of least resistance for you as well assuming the cars are identical with the rack and floor matts installed. If they wanted to play hard ball they could report the vehicle as stolen. The state trooper ...
by stan1
Wed Apr 21, 2021 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Pros/Cons for Permanent WFH Roles/Jobs
Replies: 16
Views: 1896

Re: Pros/Cons for Permanent WFH Roles/Jobs

I don't work in Big Tech but what I'm seeing after 13 months of 100% telework in a larger organization are increasingly frequent "communications breakdowns" resulting in a lot of emotion and project failures. I realize that this is not everyone's experience. Some people might have a job th...
by stan1
Wed Apr 21, 2021 8:42 pm
Forum: Personal Consumer Issues
Topic: Mediterranean Cruise Opinions
Replies: 31
Views: 2037

Re: Mediterranean Cruise Opinions

What other cruise lines have you been on? Viking Ocean (not River) is probably more comparable to lines like Oceania, Azamara, Regent, Seabourn and Silver Sea. Yes it is a nicer and more intimate experience on a smaller ship than most Celebrity, RCL, NCL, or Princess cruises. Viking Ocean has "...
by stan1
Wed Apr 21, 2021 10:21 am
Forum: Investing - Theory, News & General
Topic: REITs for diversification
Replies: 52
Views: 3128

Re: REITs for diversification

Hello community, I've just finished reading A Random Walk Down Wall Street by Malkiel, which I thought was excellent. He recommends that REITs be part of one's portfolio for diversification purposes, as they have a tenuous positive correlation to common stock and have sometimes exhibited a negative...
by stan1
Tue Apr 20, 2021 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Redfin vs. Traditional Selling Agent - Lukewarm Condo Market
Replies: 16
Views: 1576

Re: Redfin vs. Traditional Selling Agent - Lukewarm Condo Market

I had used a Redfin Agent for selling my condo last year. He lost interest after several months and just let the MLS listing expire. Really wasn't happy with that. Most realtors will "lose interest" with a property that sits unsold for months. Did you eventually sell your condo at the pri...
by stan1
Tue Apr 20, 2021 1:55 pm
Forum: Personal Consumer Issues
Topic: Sale of Expensive Home--Limit Showing
Replies: 34
Views: 3303

Re: Sale of Expensive Home--Limit Showing

One thought would be to move the nice possessions out of the house before listing it. That will also avoid the buyer coming in saying "oh, can you sell the dining room table and that framed print, too?". Of course if you want to downsize or get rid of furnishings specific to the house that...
by stan1
Tue Apr 20, 2021 12:29 pm
Forum: Personal Consumer Issues
Topic: Sale of Expensive Home--Limit Showing
Replies: 34
Views: 3303

Re: Sale of Expensive Home--Limit Showing

If the house will sell itself (location) in a short amount of time in a strong seller's market you can impose some of those limits and more. You might also want anyone viewing the house to provide proof of funds (maybe proof of cash if a cash sale is most likely). If the house is on the market for 3...
by stan1
Mon Apr 19, 2021 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: When is a lawyer needed for creating a will?
Replies: 24
Views: 1917

Re: When is a lawyer needed for creating a will?

JSparks wrote: Mon Apr 19, 2021 3:58 pm
Our net worth is $5.1M
Yes, you need an estate plan (not just a will).

You should spend 0.1% of your net worth to get your estate in order.
by stan1
Sun Apr 18, 2021 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9990

Re: Buying a Home in SoCal

You may not like me directing you to this, but linked article on "How to become more self aware" in Harvard Business Review may be something you should consider. https://hbr.org/2015/02/5-ways-to-become-more-self-aware Having worked for 35 years in a variety of places I think there is alwa...
by stan1
Sun Apr 18, 2021 1:44 pm
Forum: Personal Consumer Issues
Topic: Tool for precise 90 degree cut with utility knife blade?
Replies: 22
Views: 1414

Re: Tool for precise 90 degree cut with utility knife blade?

What is the material? Maybe someone on the board has experience cutting it. Agreed. Im having trouble figuring out something thats very dense which would be melted by a table saw but can be cut with a utility knife. Unless its really thick plastic a table saw with the right kind of blade should be ...
by stan1
Sun Apr 18, 2021 1:38 pm
Forum: Personal Investments
Topic: What does "won the game stop playing" mean in practice?
Replies: 192
Views: 14955

Re: What does "won the game stop playing" mean in practice?

Interesting point about winning the game:

You can keep playing
You can change the rules
Or you can stop playing this game, become a spectator, and play a different game?

Is one better than the other?
by stan1
Sun Apr 18, 2021 1:06 pm
Forum: Personal Investments
Topic: traditional or roth 401k?
Replies: 29
Views: 1366

Re: traditional or roth 401k?

Personally I would be perfectly fine with doing 50% Roth 401K and 50% Traditional 401K contributions in the situation you describe, although I'd also look at what your spouse is doing with her 401K contributions and income.

Does your state also have an income tax?
by stan1
Sun Apr 18, 2021 11:25 am
Forum: Investing - Theory, News & General
Topic: EM has concentrated risk in china/taiwan
Replies: 42
Views: 3057

Re: EM has concentrated risk in china/taiwan

(Note: This is not intended as a political post - I'm just stating a couple of important facts that are germane to the overall discussion.) Why are people lopping together Taiwan and China as if they are one entity in the EM Index country weightings? Taiwan has had its own currency since 1949 and i...
by stan1
Sun Apr 18, 2021 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Should we buy a new build home without involving our realtor?
Replies: 27
Views: 2437

Re: Should we buy a new build home without involving our realtor?

Thank you for the replies. Our main concern is if we would end up with a bad deal without involving our realtor. We don't have prior experience with this, so not sure what to look for while the house is under construction, contract with the builder etc. Is this with a national builder such as Toll ...
by stan1
Sun Apr 18, 2021 10:34 am
Forum: Investing - Theory, News & General
Topic: Here's my portfolio
Replies: 153
Views: 26765

Re: Here's my portfolio

Why MCV instead of more SCV ? I see SCV funds have much better quality factor loading compared to MCV. Is this important? Good questions. Replacing the mid-cap value fund with a higher allocation to the SCV and S&P 500 fund would indeed produce a portfolio that is very similar to what I've cons...
by stan1
Sun Apr 18, 2021 10:06 am
Forum: Investing - Theory, News & General
Topic: EM has concentrated risk in china/taiwan
Replies: 42
Views: 3057

Re: EM has concentrated risk in china/taiwan

diversify away from this (what appears to me) concentrated risk? Any input would be welcome! I'd calculate your exact percentage of China/Taiwan holdings in your portfolio. Let's say you are an advocate of Total World market cap weight and have a portfolio that is 60% VT and 40% bonds. Allocation t...
by stan1
Sun Apr 18, 2021 9:56 am
Forum: Investing - Theory, News & General
Topic: EM has concentrated risk in china/taiwan
Replies: 42
Views: 3057

Re: EM has concentrated risk in china/taiwan

I'd be very surprised if China is ever migrated into a developed markets or developed Pacific region index. Those are just arbitrary words and can and should change over time.

Maybe eventually Vanguard Emerging Markets changes to a China index and becomes Vanguard China fund.
by stan1
Sun Apr 18, 2021 9:48 am
Forum: Personal Investments
Topic: placement for VIOO (Vanguard S&P Small-Cap 600 Index Fund ETF)
Replies: 4
Views: 428

Re: placement for VIOO (Vanguard S&P Small-Cap 600 Index Fund ETF)

What would you put in the taxable or tax advantaged accounts instead? You need to compare VIOO to your other investments to decide which to put in each location. But I'll back up a step and ask why you want to buy a S&P Small Cap Index ETF in the first place? Once I was sure I wanted to buy it, ...
by stan1
Sun Apr 18, 2021 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Prepay Mortgage as EF
Replies: 9
Views: 653

Re: Prepay Mortgage as EF

How secure is your job? If likelihood of job loss is very low your "emergency fund" might be too large and you can do with it what you want. People with very secure jobs or assets they can quickly liquidate may not need a large emergency fund. In general though if your job might not be ver...
by stan1
Sun Apr 18, 2021 9:32 am
Forum: Personal Investments
Topic: Ideal balance between tax deferred, Roth and taxable accounts
Replies: 15
Views: 1551

Re: Ideal balance between tax deferred, Roth and taxable accounts

It's a decision between how much tax to pay this year (known) vs. how much tax you might pay in the future (unknown). The unknown is subject to future tax laws, future income, future rates of return for the investments you put in each account type, your state of residence now vs future, age you die,...
by stan1
Sat Apr 17, 2021 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: How foolish is this? [Buying waterfront apartment in Florida]
Replies: 102
Views: 9882

Re: How foolish is this?

One possible red flag (?) is that the HOA fees took a big bump in 2021 over last year- $395 to $456/mo. I want to know why. How long were they at $395/month? Some boards put in a 2-3% auto escalation for inflation each year, others try to raise fees less frequently. The jump you see could be in lar...
by stan1
Sat Apr 17, 2021 11:08 am
Forum: Personal Consumer Issues
Topic: general contractor vs specialist
Replies: 12
Views: 656

Re: general contractor vs specialist

Licensed Flooring contractor doing outstanding work Painting contractor doing outstanding work I know you know this, but a license is a minimal requirement and in no way ensures outstanding work. Just like with a driver's license: there are millions of very bad drivers who keep their license becaus...
by stan1
Fri Apr 16, 2021 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: It looks like expenses for face masks, hand sanitizer, and sanitizing wipes can now be reimbursed from HSAs
Replies: 5
Views: 910

Re: It looks like expenses for face masks, hand sanitizer, and sanitizing wipes can now be reimbursed from HSAs

The federal FSAFeds program appears to be requiring that mask purchases be substantiated by a letter of medical need signed by a physician.

Hopefully its just a temporary situation while they sort through IRS Announcement 2021-7
by stan1
Fri Apr 16, 2021 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 tax records.. Destroy?
Replies: 20
Views: 2124

Re: 2017 tax records.. Destroy?

I'm generally of the camp that its better to truthfully say "I don't remember " for things that happened decades ago than it is to say "let me pull that from my files". I do realize some people would never be able to do that.
by stan1
Fri Apr 16, 2021 6:36 pm
Forum: Personal Consumer Issues
Topic: Cost of adding a new 1/2 bathroom (ground floor)
Replies: 9
Views: 1090

Re: Cost of adding a new 1/2 bathroom

Adding a 1/2 bath? Could be a huge range. Is it in an existing space (such as a closet above a basement or part of a garage) or will it be a bump out on the side of the house? Are you sure you don't want a shower too if you don't already have one downstairs? As you think about it a bathroom needs ho...
by stan1
Fri Apr 16, 2021 6:31 pm
Forum: Personal Consumer Issues
Topic: Selling house in 2 yrs: what should I spruce up?
Replies: 14
Views: 1679

Re: Selling house in 2 yrs: what should I spruce up?

Invite a realtor to your house and ask for feedback on what, if anything, needs sprucing up. If you go this route I'd invite more than one. Some realtors come into the business with a lot of experience in design, marketing, or sales and like to sell a property that is gussied up. Other realtors hav...
by stan1
Fri Apr 16, 2021 5:27 pm
Forum: Personal Consumer Issues
Topic: Selling house in 2 yrs: what should I spruce up?
Replies: 14
Views: 1679

Re: Selling house in 2 yrs: what should I spruce up?

It depends, but if the house is desirable due to location you might not need to do anything. Fresh paint to make the house light and bright is always nice. We remove dated window coverings as well (don't replace). Take out carpet if it is old, won't clean, or if there have been pets in the house. Re...
by stan1
Wed Apr 14, 2021 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Power of a personal real estate offer letter
Replies: 77
Views: 4803

Re: Power of a personal real estate offer letter

If sellers have put their heart and soul into renovations, raised their kids in a house, etc. they will choose a buyer who assures them that the house is perfect and that they love it- over a buyer who will gut it and possibly flip it. But only for a competitive offer. We have family members who ar...
by stan1
Wed Apr 14, 2021 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9990

Re: Buying a Home in SoCal

There are little pockets where you might find something in the price range (but will not be available often and will be in high demand). If wife is in Solana Beach and you are in La Jolla/4S Ranch I'd focus on: Carmel Valley and Del Mar Highlands RPQ 4S Ranch/Del Sur Sorrento Valley Carlsbad/Encinit...
by stan1
Wed Apr 14, 2021 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9990

Re: Buying a Home in SoCal

There are homes in areas with good school districts such as Scripps Ranch, Rancho Bernardo, Carmel Mountain Ranch, Poway, and maybe even Carlsbad or Encinitas within a reasonable price range for you, but they may be built in the 70s, 80s or 90s and might be around 2000-2500 square feet. University C...
by stan1
Tue Apr 13, 2021 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Proof of Funds when House Hunting
Replies: 28
Views: 2731

Re: Proof of Funds when House Hunting

In many markets it is still an extreme seller's market. If seller demands proof of funds before a showing there's not much you can do except provide proof of funds or move on to the next house. From seller's perspective it means there are other buyers who want the house more than you do and are will...
by stan1
Mon Apr 12, 2021 9:49 am
Forum: Personal Investments
Topic: EEM vs SPEM
Replies: 4
Views: 387

Re: EEM vs SPEM

EEM is a horrible choice due to its expense ratio.

Your four reasonable choices for emerging markets are VWO, SCHE, IEMG, and SPEM. I'd be comfortable buying any of the four.
by stan1
Sun Apr 11, 2021 8:56 pm
Forum: Personal Investments
Topic: american funds cost basis accounting
Replies: 9
Views: 641

Re: american funds cost basis accounting

Another factor, do the American Funds pay annual capital gains distributions and do they have much higher expense ratios than your Vanguard funds? If so (and likely they do both) I'd use the need to generate $20K as a good rationale for drawing down the American Funds account.
by stan1
Sun Apr 11, 2021 8:42 pm
Forum: Personal Investments
Topic: Looking for tool to manage multiple accounts, rebalance, help with taxes and planning
Replies: 5
Views: 626

Re: Looking for tool to manage multiple accounts, rebalance, help with taxes and planning

I have never found an alternative to a spreadsheet that I have built myself for my unique needs and preferences for rebalancing across accounts, however I don't track at the transaction level in the spreadsheet. I have that in Quicken (and have had it there for 25 years so I'm very familiar with the...
by stan1
Sun Apr 11, 2021 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 154
Views: 11259

Re: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB

It's neither easy nor cheap to make yourself 'paper poor' in order to get on Medicaid. Moving a tax-deferred balance into a trust requires realizing the income first and paying taxes accordingly. Which is the whole point of this thread...tax-deferred balances are a pain to deal with in retirement. ...
by stan1
Sun Apr 11, 2021 9:55 am
Forum: Investing - Theory, News & General
Topic: If a broker manages individual savings account for Goldman Sachs employees does it mean that it is likely to be safe?
Replies: 8
Views: 885

Re: If a broker manages individual savings account for Goldman Sachs employees does it mean that it is likely to be safe

No, it just means they have an agreement with Goldman Sachs to offer a compliant product.

"Safe" is a very relative term. What feels safe or unsafe to you might be different for a government regulator. Maybe using more than one is your best guide.
by stan1
Sun Apr 11, 2021 8:55 am
Forum: Personal Investments
Topic: VT and home country bias
Replies: 15
Views: 1606

Re: VT and home country bias

Because reasons (I'm sure you can guess which ones and be mostly right) I am 67% US equity and 33% ex US equity since 2008. Total World is academic, but doesn't take some valid reasons into account (such as you mention plus ongoing massive US government investment through spending and tax policy in ...
by stan1
Sat Apr 10, 2021 8:22 pm
Forum: Investing - Theory, News & General
Topic: Question on International Funds...
Replies: 7
Views: 444

Re: Question on International Funds...

I try to say something like "2/3 US equity and 1/3 ex US equity". That also makes is helpful to our non US based forum members who would think of the US as being international but know that there is a US tilt to the forum.
by stan1
Sat Apr 10, 2021 8:13 pm
Forum: Personal Investments
Topic: 3 Fund Portfolio at Schwab
Replies: 3
Views: 833

Re: 3 Fund Portfolio at Schwab

I use VTI and SCHB at tax loss harvest partners, and also use VXUS and IXUS as tax loss harvest partners for total international. You can't go wrong with any of those four ETFs. I find it a lot easier to use a total international ETF than trying to build up and maintain split between developed marke...
by stan1
Sat Apr 10, 2021 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Theory: The Only Four Situations Justifying Debt
Replies: 103
Views: 7048

Re: Theory: The Only Four Situations Justifying Debt

Seems like over analysis. Could summarize as don't take out loans unless there is a good business case for doing so. Rent/buy calculators help cover that for home mortgage.
by stan1
Sat Apr 10, 2021 11:11 am
Forum: Investing - Theory, News & General
Topic: VTI and Fidelity
Replies: 3
Views: 691

Re: VTI and Fidelity

At Fidelity you can buy fractional shares of an ETF so you can buy $500 worth -- but you have to do the trade manually and can't set it up to automatically buy with a transfer in every month. M1 Finance has the capability to do what you want.
by stan1
Sat Apr 10, 2021 8:48 am
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 91
Views: 10548

Re: In-Laws' HOA demanding $8000 lumpsum payment

Of course an $8000 unpaid pending lien against the home from an association would affect the title. It's definitely not clear with the the information provided so far that there was an actual lien on the property at time of sale or even now. People are assuming there was one, but HOA may have voted...
by stan1
Fri Apr 09, 2021 7:31 pm
Forum: Personal Investments
Topic: Simplicity over Small Cap Value
Replies: 85
Views: 6087

Re: Simplicity over Small Cap Value

I think the simplicity mantra is mostly a mental trick people use to keep themselves from tinkering (along with appeal to authority). I won't argue that a simple portfolio should help out a spouse who is not inclined to tinker. Just saw OP is 18 years old. To be honest I'd go with Total World and le...
by stan1
Fri Apr 09, 2021 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Can I early retire from my corporate job?
Replies: 60
Views: 10863

Re: Can I early retire from my corporate job?

why not take up a low-paying 100k job and chill. This is an option, but the job must be inspiring and exciting to take a steep cut from $600K while putting similar hours. With any job, we would not have the same freedom and flexibility we would get without a job. If we must expend our energy at a j...
by stan1
Fri Apr 09, 2021 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: How do I go about selling a lot of land? Put on my realtor hat?
Replies: 6
Views: 739

Re: How do I go about selling a lot of land? Put on my realtor hat?

There's is no cookie cutter answer to a question like this.

First question I'd honestly ask myself: will someone want to buy this land?

It's not a given that someone will want it. Starting with that you might head in different directions.
by stan1
Fri Apr 09, 2021 9:05 am
Forum: Personal Finance (Not Investing)
Topic: CPA Saying I Have Excess HSA Contribution
Replies: 32
Views: 2105

Re: CPA Saying I Have Excess HSA Contribution

This is why I do my own taxes. I do not expect to be able to pay someone $300-500/year and have them be a tax expert. At that rate I'm paying someone to buy expensive software and enter data not do analysis. As for tax preparers the guy needs to do hundreds of returns per year to make a living this ...