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Re: Bought in, and then they start tumbling

Hi, I seem to have a bad timing when it comes to making contributions to my portfolio. I only contribute quarterly. Really? You have bad timing? How are you doing with the shares you bought in 2009, 2010, 2011, 2012, 2013? 4 quarters in each of those years. Heck, how are you doing with the shares y...
by HomerJ
Tue Dec 16, 2014 12:12 pm
 
Forum: Investing - Theory, News & General
Topic: Bought in, and then they start tumbling
Replies: 67
Views: 9121

Re: VPW and annuities

The annuity pays about 5.2%. So what is my budget ? 1) $1,300,000 x 4% = $52,000 or 2) $1,000,000 x 4% = $40,000 And then I wondered if I should adjust something if the VPW ever exceeds the 5.2% of the annuity payout. thanks Your budget is: $1,000,000 x 4% = $40,000 $300,000 x 5.2% = $15,600 which ...
by HomerJ
Tue Dec 16, 2014 11:03 am
 
Forum: Personal Finance (Not Investing)
Topic: VPW and annuities
Replies: 5
Views: 567

Re: VPW and annuities

How do you intend to liquidate the annuity? Are you going to annuitize, which means the principal disappears but you gain the annuity income stream? That would be the usual idea, I think. The annuity pays me a monthly payment which will continue until both me and my wife die. No liquidation involve...
by HomerJ
Tue Dec 16, 2014 11:01 am
 
Forum: Personal Finance (Not Investing)
Topic: VPW and annuities
Replies: 5
Views: 567

Re: I'm an Irrational Bond Chicken Little

Had TBM existed what would this have looked like from, say 1970 to 1984? I'm going to guess that runaway inflation is far more damaging to bond funds than interest rate rises. Bonds had negative real returns around the 30-year period of 1950 - 1980, but that was more from huge inflation at the end ...
by HomerJ
Mon Dec 15, 2014 9:21 am
 
Forum: Investing - Help with Personal Investments
Topic: I'm an Irrational Bond Chicken Little
Replies: 32
Views: 2927

Re: I'm an Irrational Bond Chicken Little

People keep talking about how terrible it would be for bond funds if interest rates rose... They throw out numbers like a 5% drop for a 5-year intermediate bond fund for every 1% rise.... but that ignores the fact that bond funds are self-correcting. They may drop in value, but the yield goes up and...
by HomerJ
Mon Dec 15, 2014 9:17 am
 
Forum: Investing - Help with Personal Investments
Topic: I'm an Irrational Bond Chicken Little
Replies: 32
Views: 2927

Re: 100% equities - my reasoning

I think that if one needs a 100% equity allocation to reach his objectives, one is probably spending too much and not saving enough (or picking a too ambitious goal). This... Going 100% equities at 30-something until your portfolio hits $500,000 or so is fine... But when you're 20 years out from re...
by HomerJ
Mon Dec 15, 2014 8:03 am
 
Forum: Investing - Theory, News & General
Topic: 100% equities - my reasoning
Replies: 91
Views: 5875

Re: Master degree in Math

I got through Differential Equations (Diffy Q) and decided that I had done enough pure math classes to last me the rest of my life. :) Which would be NO pure math, DE is so far to the applied sides it's almost engineering. :sharebeer Heh, I was studying engineering at the time so that makes sense.....
by HomerJ
Sat Dec 13, 2014 11:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Master degree in Math
Replies: 43
Views: 3581

Re: Master degree in Math

I got through Differential Equations (Diffy Q) and decided that I had done enough pure math classes to last me the rest of my life. :)
by HomerJ
Sat Dec 13, 2014 1:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Master degree in Math
Replies: 43
Views: 3581

Re: "Why Retirement at 65 is a Fairy Tale"

I think Bogleheads skew somewhat to people who see retirement as the big payoff for restraint beforehand. My goal is to keep the same lifestyle, but not have to go to work every day. Since I live a lifestyle that I enjoy now, I don't see any real reason to increase my lifestyle in retirement. Just ...
by HomerJ
Fri Dec 12, 2014 12:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Why Retirement at 65 is a Fairy Tale"
Replies: 117
Views: 11487

Re: Early Retirement

I already feel like two more years is an eternity and I'm not sure I can make it without burning out. How is this possible if you're only in your mid-20s? The vast majority of us will have to work 40 years, and still not make what you can make in 3 years. It can't possibly be the work itself. I'd d...
by HomerJ
Fri Dec 12, 2014 10:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Early Retirement
Replies: 19
Views: 3381

Re: What temperature for house for long winter absence?

Flobes wrote:fill the freezer with bread; fill the fridge with bottles of water


Interesting... why?

In case some starving soul stumbles upon your house in the middle of winter?
by HomerJ
Thu Dec 11, 2014 4:28 pm
 
Forum: Personal Consumer Issues
Topic: What temperature for house for long winter absence?
Replies: 54
Views: 7077

Re: Master degree in Math

I'm thinking about going back to school for a master degree in math. I have a bachelor degree in business. I talked to the professor at the university. He looked over my record and I just need calculus i, ii and iii. I can take them at the local community college. My employer will pay 50% and I wil...
by HomerJ
Thu Dec 11, 2014 4:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Master degree in Math
Replies: 43
Views: 3581

Re: "Why Retirement at 65 is a Fairy Tale"

Most people will be OK with social security and medicare, they do not need to take cruises every year to be retirees. +1 Who are these people living comfortably on $20,000 a year? My parents live on 110 acres in the Ozark foothills of southern Missouri. They bought all 110 acres, and a 3-bedroom ho...
by HomerJ
Thu Dec 11, 2014 11:53 am
 
Forum: Personal Finance (Not Investing)
Topic: "Why Retirement at 65 is a Fairy Tale"
Replies: 117
Views: 11487

Re: How long did your IT career last? At what age did it en

I have been working with storage systems for the past 7 years. I work as a technical resource on mid-tier arrays. My job is now almost 100% travel. Outsourcing/Cloud Services has forced me to travel to keep up my billable hours. I am 34 years old and I feel trapped. I wish I knew what to do. If I l...
by HomerJ
Wed Dec 10, 2014 12:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: How long did your IT career last? At what age did it end?
Replies: 156
Views: 14597

Re: Why did you quit your job?

I work in IT... I've changed jobs every 5 years or so for more money. Usually a lot more money (30% raises in the early years). At one company, we had a very dysfunctional management team come in (new VP, brought in a bunch of his buddies), and that quickened my departure by 1-2 years. Besides, afte...
by HomerJ
Wed Dec 10, 2014 10:35 am
 
Forum: Personal Consumer Issues
Topic: Why did you quit your job?
Replies: 37
Views: 4239

Re: Follow Up on Annuity Question

To clairify: I think what is being offered by Washington State is a Single Premium Immediate Annuity. Supposedly there are no fees; I don't know if there is a connection to interest rates. As I said, I currently have $275,000 in a multi-asset account ( The Total Asset Portfolio offered through Wash...
by HomerJ
Tue Dec 09, 2014 6:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: No Fee Annuity?
Replies: 14
Views: 1547

Re: Who Paid for the wedding?

UPDATE: Friend found out that when fiance's sister married in 2007 the wedding cost approximately $50,000 :shock: I am not sure how much wedding cost inflation there been in the last 7 years. If it helps my friend makes approximately 120k a year and just recently got out of student loan purgatory b...
by HomerJ
Tue Dec 09, 2014 1:18 am
 
Forum: Personal Consumer Issues
Topic: Who Paid for the wedding?
Replies: 94
Views: 6494

Re: Am I being cheap? [wedding/engagement ring]

LadyIJ wrote:Buy her the very best if you love her, otherwise, maybe she' not for you!


Your husband didn't buy the "very best" for you either, and he still loved you.

Very few men can afford the "very best".
by HomerJ
Mon Dec 08, 2014 4:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I being cheap? [wedding/engagement ring]
Replies: 192
Views: 8790

Re: Am I being cheap? [wedding/engagement ring]

I spend $600 on my wife's ring... and that was most of what was in my checking account at the time...

For our 10th anniversary, I replaced it with a ring that cost $12,000 (but only because I got a $50k bonus that year, and we were well on our way to our first million).
by HomerJ
Mon Dec 08, 2014 3:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I being cheap? [wedding/engagement ring]
Replies: 192
Views: 8790

Re: Am I being cheap?

I make less than half of what you do, and I saved up and paid over $6,000 for an engagement ring after months of research. I paid for it in cash. My now ex-fiancée loved it, it was exactly what she wanted. Sadly, the relationship didn't last and we never got married, but it was worth it for a great...
by HomerJ
Mon Dec 08, 2014 3:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I being cheap? [wedding/engagement ring]
Replies: 192
Views: 8790

Re: Who Paid for the wedding?

denovo wrote:he thinks the bride's family wants a particularly extravagant wedding.


The bride's family or the bride? He better ask her instead of guessing.
by HomerJ
Mon Dec 08, 2014 2:09 am
 
Forum: Personal Consumer Issues
Topic: Who Paid for the wedding?
Replies: 94
Views: 6494

Re: Who Paid for the wedding?

My wife's first wedding was a big affair, paid for by her parents... When she and I got married (my first wedding, her second), we paid for it ourselves... It was a small wedding, just immediate family, and my best man, and her maid of honor - about 20 people. We spent about $3000 (16 years ago), an...
by HomerJ
Mon Dec 08, 2014 2:03 am
 
Forum: Personal Consumer Issues
Topic: Who Paid for the wedding?
Replies: 94
Views: 6494

Re: High(ish) earner; spending too much?

How can one be smart enough to make $400k in the tech industry and yet not smart enough to do the math? :) Of course you're doing fine... You're saving 50% of your take home pay... If you can't retire on that, no one can. To generate $120k a year (your current spending level - ALWAYS calculate on yo...
by HomerJ
Mon Dec 08, 2014 1:10 am
 
Forum: Investing - Help with Personal Investments
Topic: High(ish) earner; spending too much?
Replies: 66
Views: 7025

Re: should I buy in Record High? S&P 500

Hi everyone, I switched from Vanguard Total Stock Market to S&P 500 85%+ Small Cap Value Index 15% I switched on Monday without even realizing that I bought S&P 500 in record high. Seeing the difference between october of the S&P 500 and now it is a big difference. I am wondering if I s...
by HomerJ
Fri Dec 05, 2014 2:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: should I buy in Record High? S&P 500
Replies: 35
Views: 2675

Re: Suddenly Retired, do I have enough?

You people are crazy... If the OP can't retire, 99% of Americans can't retire... Pensions and SS will cover all their expenses... He may have to spend $100k-$200k to bridge the gap to Social Security (they should probably wait as long as they can). $1 million+ left over, untouched, to handle inflati...
by HomerJ
Fri Dec 05, 2014 10:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Suddenly Retired, do I have enough?
Replies: 42
Views: 6801

Re: Buying a kids first car -- considerations?

You seem to be concerned about cost and convenience for you and your child. I would suggest that her safety should be the prime concern. In general, my opinion is that high school students should not have their own car. The convenience is not worth the risk. I remember when I learned to drive and d...
by HomerJ
Thu Dec 04, 2014 9:10 pm
 
Forum: Personal Consumer Issues
Topic: Buying a kids first car -- considerations?
Replies: 25
Views: 2579

Re: Oil wells

Hi all, I'm in a rather fortunate situation that I have to pay a rather enormous amount of tax this year. The RSU grants that vested count directly as income and raise the W2 to a very large number and put me in 53% total tax bracket (federal + CA tax). Other then 401k I have no way reduce the inco...
by HomerJ
Thu Dec 04, 2014 2:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Oil wells
Replies: 12
Views: 1239

Re: Oil wells

A distant family member of mine (and his partners) stole $150 million dollars from people like you.

Hope you don't pick a guy like him when you do your investing but I assume he was a smooth talker and brought up tax-savings when pitching his oil well investments to potential clients.
by HomerJ
Thu Dec 04, 2014 12:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Oil wells
Replies: 12
Views: 1239

Re: Giving money to your alma mater: Have to vent

And for reasons I don't fully comprehend, some administrator and / or faculty of at least two institutions took the ultimate chance and allowed me to graduate with a degree from their school. You paid them money and passed the required classes... Why don't you fully comprehend those reasons? Or are...
by HomerJ
Thu Dec 04, 2014 12:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Giving money to your alma mater: Have to vent
Replies: 166
Views: 16526

Re: New Tony Robbins Book on Financial Freedom

I can't seem to find the time to read this book. Like I said in a previous post I have been jumping around. Maybe due to that fact, I find it confusing that in what part of the book he is talking about how Warren Buffett is saying bonds should come with a warning label and during the 2008 crisis bo...
by HomerJ
Thu Dec 04, 2014 10:52 am
 
Forum: Investing - Theory, News & General
Topic: New Tony Robbins Book on Financial Freedom
Replies: 85
Views: 16398

Re: Am I a job hopper?

Second, many CXOs tend to be good at one or two types of things (e.g. turnaround, growth, cost cutting) so once they have completed moving a company through that particular cycle it would not be good for anyone to have them stick around. LOL. Yeah, it's always fun for us workers to have a new CIO w...
by HomerJ
Tue Dec 02, 2014 9:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I a job hopper?
Replies: 50
Views: 4586

Re: Am I a job hopper?

Second, many CXOs tend to be good at one or two types of things (e.g. turnaround, growth, cost cutting) so once they have completed moving a company through that particular cycle it would not be good for anyone to have them stick around. LOL. Yeah, it's always fun for us workers to have a new CIO w...
by HomerJ
Tue Dec 02, 2014 8:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I a job hopper?
Replies: 50
Views: 4586

Re: Am I a job hopper?

Either way, I still say the OP is not a job hopper, and definitely agree with the below statement: Job-hopping is an abusive term invented by HR managers to describe at-will employees who suddenly realized that loyalty only goes one way. In some cases, this is true... But there really is such a thi...
by HomerJ
Tue Dec 02, 2014 4:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I a job hopper?
Replies: 50
Views: 4586

Re: Life changing decision... advice needed!

The problem is that you haven't reached the goal of hitting your "number" - you've just laid the plan for doing so. Now you want to skip ahead to the reward of being able to do whatever you want to do the most without regard for what it pays. That's something you get to do after you have ...
by HomerJ
Tue Dec 02, 2014 2:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 91
Views: 10718

Re:

I could MAYBE see celebrating a first-time home purchase or paying off a car or mortgage loan. I celebrated paying off my first car... I celebrated paying off my student loans... I'm sure we'll celebrate the day we pay off our house, the day we get our first million, and the day we hit our final &q...
by HomerJ
Mon Dec 01, 2014 7:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you celebrate financial milestones?
Replies: 105
Views: 12079

Re: Big career decision while going through depression

I am early 30s. I am currently going through some moderate to severe depression (began 01/2014). I have a security clearance, so have held off on seeing a doctor, as this could potentiality impact my ability to maintain said cleaeance. Depression was brought on by marital challenges, and lack of jo...
by HomerJ
Mon Dec 01, 2014 5:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Big career decision while going through depression
Replies: 9
Views: 1730

Re: An overdue update from a "panicked investor"

westhermes wrote:with interest rates where they are I cannot get too excited about bond funds so I would prefer to sit in cash for the timing being.


FYI, I was reading the old thread, and you said the same thing 4 years ago about interest rates....
by HomerJ
Mon Dec 01, 2014 12:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: An overdue update from a "panicked investor"
Replies: 86
Views: 8722

Re: Retirees activities won’t deplete the nest egg.

Not even close for me. Maybe 1-2 hours of TV a week at most. I spend several hours a day on hobbies that don't seem to match any of the categories. The only way I can imagine spending 4 hours a day watching TV would be if I were bedridden in a long term care facility. Even then I would hope most of...
by HomerJ
Mon Dec 01, 2014 11:45 am
 
Forum: Personal Consumer Issues
Topic: Retirees activities won’t deplete the nest egg.
Replies: 20
Views: 2270

Re: An overdue update from a "panicked investor"

Be honest with yourself. Likely the only reason why the past four years have gone so smoothly and you now feel "comfortable" with your AA is that the market has boomed. Your fear will likely overtake you and you will probably lock in your losses the next time there is a big dip. This is w...
by HomerJ
Sun Nov 30, 2014 10:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: An overdue update from a "panicked investor"
Replies: 86
Views: 8722

Re: Life changing decision... advice needed!

Streptococcus wrote:I said 4 days because If I dont do the fellowship this year, I will move on my current path and not look back.


Why can't you do it next year? Or two years from now?
by HomerJ
Sun Nov 30, 2014 7:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 91
Views: 10718

Re: An overdue update from a "panicked investor"

Be honest with yourself. Likely the only reason why the past four years have gone so smoothly and you now feel "comfortable" with your AA is that the market has boomed. Your fear will likely overtake you and you will probably lock in your losses the next time there is a big dip. This is w...
by HomerJ
Sun Nov 30, 2014 7:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: An overdue update from a "panicked investor"
Replies: 86
Views: 8722

Re: An overdue update from a "panicked investor"

Pls let me know if you have anything constructive to add regarding AA. Thx I already have... I think you're taking more risk than you need to... $5 million will generate $200k a year (taking 4% a year) which will cover your expenses nicely. You're saving $180k a year... and you have $3 million save...
by HomerJ
Sun Nov 30, 2014 7:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: An overdue update from a "panicked investor"
Replies: 86
Views: 8722

Re: Safe Withdrawal Rates - Is the 4% rule still good?

Typical educated affleunt Boglehead retiree can always cut back on discretionary items or get a part time job if need be. The 4% rule is close enough. This. For most of us, 4% isn't going to give us the bare minimum... If 4% doesn't appear to be working 10 years in, for most us, it means we're goin...
by HomerJ
Sun Nov 30, 2014 6:58 pm
 
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rates - Is the 4% rule still good?
Replies: 84
Views: 7960

Re: An overdue update from a "panicked investor"

What part of this makes you think I am not well aware of how well we are doing? Then I'm guessing you know exactly why most people in this world would object to someone spending $180k a year stating that he has a "relatively low cost of living". I would suggest using numbers on these boar...
by HomerJ
Sun Nov 30, 2014 6:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: An overdue update from a "panicked investor"
Replies: 86
Views: 8722

Re: Safe Withdrawal Rates - Is the 4% rule still good?

Typical educated affleunt Boglehead retiree can always cut back on discretionary items or get a part time job if need be. The 4% rule is close enough. This. For most of us, 4% isn't going to give us the bare minimum... If 4% doesn't appear to be working 10 years in, for most us, it means we're goin...
by HomerJ
Sun Nov 30, 2014 6:43 pm
 
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rates - Is the 4% rule still good?
Replies: 84
Views: 7960

Re: Safe Withdrawal Rates - Is the 4% rule still good?

Yep, agree with SimpleGift here. The 4% SWR worked in the past, even on extremely low equity allocations, due to the reasonable returns on bonds. With bonds returning near 0% real, I do not see how we are in the same situation as in the past. During the 50s-70s, bonds had negative real returns... A...
by HomerJ
Sun Nov 30, 2014 5:44 pm
 
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rates - Is the 4% rule still good?
Replies: 84
Views: 7960

Re: An overdue update from a "panicked investor"

I consider $150k-$180k to be a relatively low cost of living but I realize that others may disagree. 98% of "others" would disagree. It's cool that you're richer than the vast majority of humans on the planet. You worked hard and deserve it. But at least be aware of how well you are doing.
by HomerJ
Sun Nov 30, 2014 5:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: An overdue update from a "panicked investor"
Replies: 86
Views: 8722

Re: An overdue update from a "panicked investor"

Our current portfolio balance is low to mid 7 figures So $3-5 million? Do you have a need to take so much risk going forward? I am puzzled by several posters who think that once you have $3M or so, investors should stop taking risk. This notion that one should stop earning on their savings and get ...
by HomerJ
Sun Nov 30, 2014 5:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: An overdue update from a "panicked investor"
Replies: 86
Views: 8722

Re: Am I a job hopper?

Job-hopping is an abusive term invented by HR managers to describe at-will employees who suddenly realized that loyalty only goes one way. Very well said. I don't have any doubt that an employer would let me go if the budget got tight, work dried up, or a million other things outside of my control....
by HomerJ
Sun Nov 30, 2014 12:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I a job hopper?
Replies: 50
Views: 4586

Re: Am I a job hopper?

I'm 37 and am on job #8 (career #2), soon to be applying for job #9. One was for a move outside my control, one was a management directed reassignment (job went away), one was for a career change, and the rest were to take promotions. Just looking at the numbers might imply job hopping, but the las...
by HomerJ
Sun Nov 30, 2014 12:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I a job hopper?
Replies: 50
Views: 4586
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