Search found 1005 matches

by Dave55
Sun Apr 11, 2021 6:39 pm
Forum: Investing - Theory, News & General
Topic: Another 2.8% SWR Article Quoting Wade Pfau
Replies: 68
Views: 4458

Re: Another 2.8% SWR Article Quoting Wade Pfau

I hesitate to start yet another "4% won't work" SWR thread, but I saw this WSJ article and think anything quoting Wade Pfau will be of interest to Bogleheads: https://www.wsj.com/articles/retirement-nest-egg-11617929631 "Wade Pfau, a professor at the American College of Financial Ser...
by Dave55
Sun Apr 11, 2021 8:57 am
Forum: Investing - Theory, News & General
Topic: Real Estate Risk: What Do You Call This Kind?
Replies: 12
Views: 1172

Re: Real Estate Risk: What Do You Call This Kind?

I think the technical term is: "what a pain in the a.."

Dave
by Dave55
Sun Apr 11, 2021 8:22 am
Forum: Personal Finance (Not Investing)
Topic: [Spouse recently passed away. Please help me handle his financial matters]
Replies: 80
Views: 3704

Re: So what is wrong with not investing?

Sorry for your loss.
I agree with the 20% stocks 80% bonds portfolio. Historically 7.1% return. Worst year -10.1%.
More details are here:
https://investor.vanguard.com/investing ... allocation

Dave
by Dave55
Sat Apr 10, 2021 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you spend in retirement compared to before? Did you budget enough?
Replies: 13
Views: 1750

Re: How much do you spend in retirement compared to before? Did you budget enough?

Firstly thank you for answering all my questions. As you can see I'm quite anxious about retiring early and a root of the anxiety is that I don't have a firm grasp on how much money I'll spend after retirement compared to before retirement. I estimate I'm going to spend twice as much after retireme...
by Dave55
Sat Apr 10, 2021 12:50 pm
Forum: Personal Investments
Topic: Alternative Investments That Offer Immediate + Scalable Cash Flow
Replies: 13
Views: 883

Re: Alternative Investments That Offer Immediate + Scalable Cash Flow

Check out Fundrise: https://fundrise.com This site offers some insights: https://www.doughroller.net/investing/best-investments-for-non-accredited-investors/ Dave Dave - Have you invested or worked with Fundrise? Tony No I have not. A friend has and he has been satisfied for the past 3 years. Dave
by Dave55
Fri Apr 09, 2021 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Remodel during housing hysteria?
Replies: 54
Views: 3534

Re: Remodel during housing hysteria?

Tear down, build new.

Dave
by Dave55
Tue Apr 06, 2021 11:32 am
Forum: Personal Investments
Topic: Financial advisor help
Replies: 22
Views: 2074

Re: Financial advisor help

* Advise on purchasing invest properties

Do you mean you outright investing in properties? What type of properties? (Single family, commercial, multifamily, industrial, storage, office?)

Or do you mean investing in RE partnerships?

Dave
by Dave55
Sat Apr 03, 2021 9:49 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 5074
Views: 1323394

Re: What Book Are You Currently Reading? Part VI

"The Night Watchman" by Louise Erdrich.

Dave
by Dave55
Fri Apr 02, 2021 3:23 pm
Forum: Personal Investments
Topic: Buying dividend stocks
Replies: 36
Views: 3551

Re: Buying dividend stocks

I added to my position in Pepsi stock a few weeks ago. It was one of the few things I could find to buy outside of index funds that I didn't think was "overvalued". Jack Bogle has said that investors should not own individual stocks as the risk is too great. Instead of searching for the n...
by Dave55
Wed Mar 31, 2021 2:53 pm
Forum: Investing - Theory, News & General
Topic: Anyone increasing international allocation?
Replies: 121
Views: 7591

Re: Anyone increasing international allocation?

abuss368 wrote: Wed Mar 31, 2021 2:50 pm
Dave55 wrote: Wed Mar 31, 2021 2:04 pm I adjusted closer to world market cap past few years.

Dave
Dave -

Do you see Vanguard eventually moving to a 50% US and 50% International allocation for stocks and bonds?

Tony
Tony, I have no idea.

Dave
by Dave55
Wed Mar 31, 2021 2:04 pm
Forum: Investing - Theory, News & General
Topic: Anyone increasing international allocation?
Replies: 121
Views: 7591

Re: Anyone increasing international allocation?

I adjusted closer to world market cap past few years.

Dave
by Dave55
Wed Mar 31, 2021 1:57 pm
Forum: Investing - Theory, News & General
Topic: In what condition, will international significantly overperform US?
Replies: 170
Views: 12459

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

physixfan wrote: Wed Mar 31, 2021 12:40 am I only invest in two countries, the US and China. The other countries may be good places to live in, but I don't see a future that their stock markets or economies can outperform US/China in the long term.
physixfan what ETF or mutual fund do use for China?

Dave
by Dave55
Mon Mar 29, 2021 7:35 pm
Forum: Personal Consumer Issues
Topic: Tankless Water Heater - Struggling to Justify
Replies: 71
Views: 5866

Re: Tankless Water Heater - Struggling to Justify

I had a Takagi Tankless water heater installed in my old house in CA. Never had a problem with it for the 8 years I lived there. My plumber who recommended it and installed it said he had been installing them for many years and he found them to be very reliable.

Dave
by Dave55
Mon Mar 29, 2021 7:30 pm
Forum: Investing - Theory, News & General
Topic: Market crashes. Who causes them?
Replies: 42
Views: 3776

Re: Market crashes. Who causes them?

If the expectation's or forecast for corporate profits across the board for whatever reason go negative, I suspect that hedge funds, private money management funds, pension funds, sovereign wealth funds and family office's (Usually 8 figures to billionaire net worth) may either begin to adjust their...
by Dave55
Sun Mar 28, 2021 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Buying an off market property - price analysis
Replies: 14
Views: 957

Re: Buying an off market property - price analysis

awval999 wrote: Sun Mar 28, 2021 1:06 pm I would start with at least two professional appraisals.
+1. This is the ideal reality check.

Dave
by Dave55
Sat Mar 27, 2021 3:28 pm
Forum: Investing - Theory, News & General
Topic: Most effective yearly withdrawal strategy in Retirement
Replies: 30
Views: 3047

Re: Most effective yearly withdrawal strategy in Retirement

Monthly withdrawl according to expenses. 5-10 years of expenses in short duration bond or cash. I don't sell equities at this point of retirement, maybe in the far distant future.

Dave
by Dave55
Sat Mar 27, 2021 3:25 pm
Forum: Investing - Theory, News & General
Topic: Total Bond vs. Intermediate Term Bond
Replies: 31
Views: 3984

Re: Total Bond vs. Intermediate Term Bond

I have Total Bond, Intermediate Investment Grade, Intermediate Tax Exempt and some short duration for cash needs.

Dave
by Dave55
Sat Mar 27, 2021 3:18 pm
Forum: Investing - Theory, News & General
Topic: Total Bond vs. Intermediate Term Bond
Replies: 31
Views: 3984

Re: Total Bond vs. Intermediate Term Bond

Tony, I thought you went short the bond market and are raking big $$ in?

Dave
by Dave55
Sat Mar 27, 2021 3:15 pm
Forum: Investing - Theory, News & General
Topic: S&P 500 v Total Stock - What is your favorite and why?
Replies: 104
Views: 8874

Re: S&P 500 v Total Stock - What is your favorite and why?

Total stock is my favorite. Tax cost ratio is slightly lower (according to data on Fidelity) for Total stock ETF (VTI) than VOO Vanguard 500 ETF and I like having midcap and small cap at market weight included. I also own VV Vanguard Large Cap in taxable due to Tax Loss harvest.

Dave
by Dave55
Thu Mar 25, 2021 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stay or should I go?
Replies: 47
Views: 4759

Re: Should I stay or should I go?

If you want to stay engaged, nothing to lose by testing the waters and see how the new setup works. If not to your liking, you know the door is.



Dave
by Dave55
Thu Mar 25, 2021 1:52 pm
Forum: Personal Investments
Topic: If I can be in equities when I’m in my 20s and 30s why shouldn’t I hold all equities until the day I die?
Replies: 72
Views: 6549

Re: If I can be in equities when I’m in my 20s and 30s why shouldn’t I hold all equities until the day I die?

What action you take when the market tanks 50% will determine if you can "ride out" severe market downturns. If you can with no issue, then 100% stocks is fine. However, once you approach retirement, or retire, you may not want to live with large fluctuations of the portfolio and at that p...
by Dave55
Thu Mar 25, 2021 8:25 am
Forum: Investing - Theory, News & General
Topic: How Responsive Are Vanguard PAS People?
Replies: 46
Views: 3405

Re: How Responsive Are Vanguard PAS People?

abuss368 wrote: Wed Mar 24, 2021 8:48 pm
Dave55 wrote: Tue Mar 23, 2021 4:12 pm
Not true, I have less than $10M and I have a dedicated Flagship Rep.

Dave
Hi Dave -

Are you missing a digit in your response above? Do you mean you have less than $100 Million?😂

Tony
Oops.....those additional zeros are very important! Thanks Tony! :wink:

Dave
by Dave55
Wed Mar 24, 2021 4:12 pm
Forum: Investing - Theory, News & General
Topic: How Responsive Are Vanguard PAS People?
Replies: 46
Views: 3405

Re: How Responsive Are Vanguard PAS People?

Fidelity Private Client is $1 million minimum.

Dave
by Dave55
Wed Mar 24, 2021 8:08 am
Forum: Investing - Theory, News & General
Topic: How Responsive Are Vanguard PAS People?
Replies: 46
Views: 3405

Re: How Responsive Are Vanguard PAS People?

Not true, I have less than $10M and I have a dedicated Flagship Rep. Dave Interesting - how do you know if you have a Flagship Rep dave? Do they mark your account differently? I was under the impression that the expense ratio for most vanguards ETFS is now better than the admiral shares, and so tha...
by Dave55
Tue Mar 23, 2021 7:03 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 5074
Views: 1323394

Re: What Book Are You Currently Reading? Part VI

I have cotton to the point where I have read enough finance and investing books that I am not so sure I am gaining much of anything for a stay the course total market investor. Does anyone ever feel this as well? Tony Affirmative. Dave Dave - If you ever write a book it will be a New York Times bes...
by Dave55
Tue Mar 23, 2021 4:12 pm
Forum: Investing - Theory, News & General
Topic: How Responsive Are Vanguard PAS People?
Replies: 46
Views: 3405

Re: How Responsive Are Vanguard PAS People?

You no longer get a dedicated Flagship rep unless you have invested something like $10M with Vanguard. It used to be 1M. The reps were very helpful. Now if you are a lowly Flagship member without a 8 figure portfolio you get whoever answers the phone when you call the Flagship number. The quality o...
by Dave55
Tue Mar 23, 2021 4:11 pm
Forum: Investing - Theory, News & General
Topic: How Responsive Are Vanguard PAS People?
Replies: 46
Views: 3405

Re: How Responsive Are Vanguard PAS People?

You are not going to get highly personalized and responsive service like you appear to want anywhere at Vanguard (Flagship, Flagship Select, PAS), even with your account balance being mid 7 figures. If you want that you are going to need to pay 1-2% AUM to get someone to hustle for you. Sorry, but ...
by Dave55
Tue Mar 23, 2021 4:02 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 5074
Views: 1323394

Re: What Book Are You Currently Reading? Part VI

abuss368 wrote: Tue Mar 23, 2021 3:42 pm I have cotton to the point where I have read enough finance and investing books that I am not so sure I am gaining much of anything for a stay the course total market investor.

Does anyone ever feel this as well?

Tony
Affirmative.

Dave
by Dave55
Tue Mar 23, 2021 4:02 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 5074
Views: 1323394

Re: What Book Are You Currently Reading? Part VI

"Win" by Harlan Coben. Harlan is one of my favorite authors and the Win character is a lot of fun.


Dave
by Dave55
Tue Mar 23, 2021 12:39 pm
Forum: Personal Investments
Topic: Huge Windfall + Vanguard PAS, Here's What They Allocated For Me
Replies: 68
Views: 7687

Re: Huge Windfall + Vanguard PAS, Here's What They Allocated For Me

If you're comfortable with what Vanguard PAS put you in then I would leave it alone. You're going to get all sorts of recommendations from this thread. Don't start letting some odd ball recommendations make you second guess what PAS set you up with. It will drive you crazy. Stick to the PAS plan. I...
by Dave55
Mon Mar 22, 2021 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Need career suggestions for adult son
Replies: 72
Views: 6615

Re: Need career suggestions for adult son

A career coach or career counselor if your son is open to it. After my first career ended at 52, I sought the guidance of a coach who happened to be a person I knew. She provided me with tools that helped me gain insight & clarity about myself, my talents and what I wanted for my next career. Dave
by Dave55
Mon Mar 22, 2021 8:57 am
Forum: Investing - Theory, News & General
Topic: "Best Total Stock Market Index Funds"
Replies: 25
Views: 3838

Re: "Best Total Stock Market Index Funds"

Interesting to know that there literally is a "Wilshire 5000 Index Portfolio" fund from Wilshire. Nor had I been aware of VRRTX, a Russell 3000 index mutual fund from Vanguard . I had thought that they only used the Russell index in ETFs. In fact... what's going on here, exactly? I can't ...
by Dave55
Sat Mar 20, 2021 9:54 am
Forum: Personal Investments
Topic: Fisher is Contacting Me?
Replies: 24
Views: 2324

Re: Fisher is Contacting Me?

A friend of mine sold his company, walked away with $15 million and has Fisher managing $5 million for 1%. I pointed out to him that he is going to pay Fisher $500K over the next 10 years. He does not seem to care. He thinks they have some magic formula. Dave Yes, Fisher clearly has a magic formula...
by Dave55
Sat Mar 20, 2021 9:03 am
Forum: Personal Investments
Topic: Fisher is Contacting Me?
Replies: 24
Views: 2324

Re: Fisher is Contacting Me?

A friend of mine sold his company, walked away with $15 million and has Fisher managing $5 million for 1%. I pointed out to him that he is going to pay Fisher $500K over the next 10 years. He does not seem to care. He thinks they have some magic formula.

Dave
by Dave55
Fri Mar 19, 2021 7:13 pm
Forum: Investing - Theory, News & General
Topic: The Modern 60/40 portfolio: BTC/VTI
Replies: 74
Views: 3787

Re: The Modern 60/40 portfolio: BTC/VTI

In our current times I propose that the traditional 60/40 portfolio of stock/ bonds using a broad based index of S+P or VTI worked well for past decades but will likely not work as well nor be anywhere near optimal going forward in a perpetual near zero interest rate environment which renders bonds...
by Dave55
Fri Mar 19, 2021 7:09 pm
Forum: Investing - Theory, News & General
Topic: Ray Dalio Bond Advice - What options do we have?
Replies: 85
Views: 9865

Re: Ray Dalio Bond Advice - What options do we have?

GaryA505 wrote: Fri Mar 19, 2021 6:49 pm The advice I would follow on Ray Dalio is - ignore Ray Dalio.
+1

Dave
by Dave55
Fri Mar 19, 2021 5:17 pm
Forum: Personal Consumer Issues
Topic: Las Vegas or Tampa for retirement relocation?
Replies: 69
Views: 6027

Re: Las Vegas or Tampa for retirement relocation?

100 degree plus summer days in Vegas verses 90 plus the humidity in the Tampa area. I have visited both half dozen times and I would choose Tampa in a nano second over Vegas.

Dave
by Dave55
Fri Mar 19, 2021 5:11 pm
Forum: Personal Consumer Issues
Topic: Las Vegas or Tampa for retirement relocation?
Replies: 69
Views: 6027

Re: Las Vegas or Tampa for retirement relocation?

abuss368 wrote: Fri Mar 19, 2021 9:22 am I am going to live on a bot like Crocket did on Miami Vice.

Tony
Tony, you will be living better than royalty on that yacht of yours!

Dave
by Dave55
Fri Mar 19, 2021 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.
Replies: 407
Views: 46712

Re: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.

Family story. Uncle took his son out of his will because he had not seen his son or talked to his son for several years. Uncle dies, his daughter is executor of the estate. Son sues estate for 1/2. The case is mired in depositions and court for a few years. Son is awarded 1/2 of estate despite the ...
by Dave55
Fri Mar 19, 2021 8:42 am
Forum: Investing - Theory, News & General
Topic: Ray Dalio Bond Advice - What options do we have?
Replies: 85
Views: 9865

Re: Ray Dalio Bond Advice - What options do we have?

Although I am often persuaded that Dalio is right about the future, and at times I have made changes to my portfolio based on his views, here is a reason to not jump to conclusions too quickly. Please read this piece.... https://awealthofcommonsense.com/2021/03/ray-dalio-the-power-of-setting-defaul...
by Dave55
Thu Mar 18, 2021 1:23 pm
Forum: Personal Consumer Issues
Topic: What is the BEST thing you spent money on?
Replies: 242
Views: 23371

Re: What is the BEST thing you spent money on?

Taking my wife out to lunch the last two Wednesdays after we stayed away from almost everything for a year. In MA, it’s still too chilly to do that, but we are looking forward to our first restaurant meal in a year. :sharebeer We are in Florida and it's OK to dine inside... no chill factor here. .....
by Dave55
Wed Mar 17, 2021 6:23 pm
Forum: Personal Investments
Topic: How much do you weigh your homes value in your retirement portfolio?
Replies: 106
Views: 8328

Re: How much do you weigh your homes value in your retirement portfolio?

abuss368 wrote: Wed Mar 17, 2021 6:10 pm
Dave55 wrote: Wed Mar 17, 2021 4:43 pm Also Zero. We are retired and could be in this house for the duration. No current plans for relocating.


Dave
Dave -

I thought you owned a small island and retired to a relaxing life in the Caribbean?

😂🤣

Tony
It is a BIG ISLAND in the South Pacific.

Dave
by Dave55
Wed Mar 17, 2021 4:43 pm
Forum: Personal Investments
Topic: How much do you weigh your homes value in your retirement portfolio?
Replies: 106
Views: 8328

Re: How much do you weigh your homes value in your retirement portfolio?

Also Zero. We are retired and could be in this house for the duration. No current plans for relocating.


Dave
by Dave55
Mon Mar 15, 2021 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Asking HR for a raise
Replies: 52
Views: 4937

Re: Asking HR for a raise

I agree with Stinky, sounds like your boss is asking you to look for another job.

Dave
by Dave55
Mon Mar 15, 2021 3:25 pm
Forum: Personal Investments
Topic: Retirement: Help I want out!
Replies: 58
Views: 7199

Re: Retirement: Help I want out!

Based on your words: "I want to be done working. I was considering early retirement before covid and this past year has made me realize just how ready I am to be finished. I have been working from home for the past year and I can't stand the thought of having to go back to the building. There w...
by Dave55
Sun Mar 14, 2021 12:20 pm
Forum: Investing - Theory, News & General
Topic: Is 100% Equities a Bad Investment Strategy?
Replies: 131
Views: 9464

Re: Is 100% Equities a Bad Investment Strategy?

tvubpwcisla wrote: Sat Mar 13, 2021 10:21 am Is 100% Equities a bad investment strategy or does it simple mean that your account will see larger fluctuations in value? It depends. Larger fluctuations for sure.

In the long run, a 100% Equity Portfolio will yield the high gains, correct? If history is a guide yes.

Thanks!

:moneybag
by Dave55
Wed Mar 10, 2021 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth building your dream house?
Replies: 109
Views: 7041

Re: Is it worth building your dream house?

Wanderingwheelz wrote: Wed Mar 10, 2021 11:24 am Dreams change.
+1

Dave
by Dave55
Wed Mar 10, 2021 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.
Replies: 407
Views: 46712

Re: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.

Family story. Uncle took his son out of his will because he had not seen his son or talked to his son for several years. Uncle dies, his daughter is executor of the estate. Son sues estate for 1/2. The case is mired in depositions and court for a few years. Son is awarded 1/2 of estate despite the ...
by Dave55
Wed Mar 10, 2021 1:10 pm
Forum: Personal Investments
Topic: Thinking about fund selection. Tear my list apart!
Replies: 19
Views: 1276

Re: Thinking about fund selection. Tear my list apart!

poor & ignorant soul wrote: Wed Mar 10, 2021 1:01 pm
Dave55 wrote: Mon Mar 08, 2021 5:53 pm If I were your age, I would dump everything into:

1. 50% into VTI Vanguard Total US Stock Mkt
2. 50% into VXUS Vanguard Total International Stock
I am 30, this is exactly my taxable. It feels great, looks great and has less carbs! (carbs = fees)
Congrats. Excellent approach.

Dave