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Re: Is investing in real estate worth it?

I think it can be well worth it, but it's going to be a second job for a while. "Investing in real estate" doesn't sound like much work... more of a "What kind of risks does this asset-class have?" Another way to phrase it is "Should I work two jobs instead of one to make so...
by HomerJ
Wed Oct 22, 2014 5:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is investing in real estate worth it?
Replies: 28
Views: 2296

Re: "I've had it" at work - how often

[I worked part-time for 7 years before I retired in 2008 at age 45. In those 7 years, I had 3 different part-time work arrangements (with the same employer). One PT arrangement was working mostly from home and going to the office one day a week, with 20 hours per week total. That lasted for about 2...
by HomerJ
Tue Oct 21, 2014 1:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 151
Views: 12242

Re: Sell bonds to buy real estate?

arcane23 wrote:I estimate 20% (conservative) to 28% (realistic) return on my investment in about 8 months.


Why wouldn't you sell everything you own, stocks AND bonds, and buy this real estate if 20% in 8 months is your "worst case" scenario?
by HomerJ
Tue Oct 21, 2014 1:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Sell bonds to buy real estate?
Replies: 10
Views: 914

Re: Advice sought for $6M investment

Hello Bogleheads, We're in our early fifties with two kids about to go to college. Just sold the business I co-founded 20 years ago. After taxes, charitable giving, paying down the mortgage, we're left with about $6M. I did my due diligence, reading "A Random Walk down Wall Street". Here ...
by HomerJ
Mon Oct 20, 2014 3:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice sought for $6M investment
Replies: 36
Views: 3670

Re: Advice sought for $6M investment

Congrats! Personally, I'd hire a guy to just buy and sell munis for me, pay him a fixed amount per year, and live off the interest tax free money and enjoy life. When I hit 10 mil I will do it, but would consider doing it at 5 mil. Heck, I'll do that for you... Probably only need 3-4 clients like y...
by HomerJ
Mon Oct 20, 2014 3:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice sought for $6M investment
Replies: 36
Views: 3670

Re: VWRL a great buy right now?

The trick is to set your Asset Allocation and rebalance as needed. Then you don't have to decide if an asset is "undervalued" or "overvalued" or a "great buy" For instance, say one has: 50% U.S. Stocks 30% International Stocks 20% Bonds If U.S. Stocks go up, and Interna...
by HomerJ
Mon Oct 20, 2014 12:10 pm
 
Forum: Investing - Theory, News & General
Topic: VWRL a great buy right now? [Vanguard FTSE All-World ETF]
Replies: 6
Views: 687

Re: Replacement for tinypic?

Considering it's free, and doesn't require any sort of account/registration process... I like tinypic. You could just setup (or pay for) your own webserver to host the pictures if you're not willing to deal with the ads. Maybe try imgur.com I did a google search and it seems lots of them popped up,...
by HomerJ
Thu Oct 16, 2014 5:00 pm
 
Forum: Personal Consumer Issues
Topic: Replacement for tinypic?
Replies: 7
Views: 385

Re: Headed for a 300+ point loss today?

The big drop is likely mostly over for the moment. (you can tell by the decreasing length of the candle tails combined with a change in slope for most of the indicators and reduced volume) A consolidation pattern is definitely looking probable. Until we see more of the pattern, there isn't much pre...
by HomerJ
Thu Oct 16, 2014 4:55 pm
 
Forum: Investing - Theory, News & General
Topic: Headed for a 300+ point loss today?
Replies: 430
Views: 28412

Re: The Role of Life Expectancy

If I live too long, SPIA with my remaining money will probably solve the problem.
by HomerJ
Thu Oct 16, 2014 4:51 pm
 
Forum: Investing - Theory, News & General
Topic: The Role of Life Expectancy
Replies: 25
Views: 1657

Replacement for tinypic?

Where's a good website to upload pictures for posting in forums (like this one).

Tinypic is completely full of spam now.
by HomerJ
Thu Oct 16, 2014 4:45 pm
 
Forum: Personal Consumer Issues
Topic: Replacement for tinypic?
Replies: 7
Views: 385

Re: Best place (with warm weather) to raise children

Great weather (sunny, warm summers, very mild winters ~60 degrees) But kids LOVE snow! Plus, the changing of the seasons can be really nice. It's rather like buying your teenager a BMW... They'll never appreciate it. Should always buy your kid a clunker at first, so they appreciate the good things ...
by HomerJ
Thu Oct 16, 2014 4:39 pm
 
Forum: Personal Consumer Issues
Topic: Best place (with warm weather) to raise children
Replies: 70
Views: 4633

Re: How did you get from $1M to $10M

My plan is to enjoy my work more and more as time goes by. So retiring is not a goal, it may be a choice at some point. What work do you do? I'm interested in how you can plan to enjoy your work more and more. What will change every year to make it better every year? When I reach $10M, look for my ...
by HomerJ
Thu Oct 16, 2014 3:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: How did you get from $1M to $10M
Replies: 46
Views: 4018

Re: How did you get from $1M to $10M

Why do you want $10 million? Are your expenses in the $300,000-$400,000 a year range? If you don't save another cent, and average 7%, your money will double every 10 years... so you'll have $4 million in 20 years... If you keep saving like you have, you'll probably have $6 million. If you want $10 m...
by HomerJ
Thu Oct 16, 2014 2:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: How did you get from $1M to $10M
Replies: 46
Views: 4018

Re: Headed for a 300+ point loss today?

Based on his writing above, I have no idea what he is saying, so no way to take his advice even if I were so inclined. Generally a good policy. In case you actually care here's an explanation: This is a point and figure chart for the S&P 500: http://i.imgur.com/XvvWrQn.png?1 In this case the ma...
by HomerJ
Wed Oct 15, 2014 11:26 pm
 
Forum: Investing - Theory, News & General
Topic: Headed for a 300+ point loss today?
Replies: 430
Views: 28412

Re: Sixth anniversary of worst week ever for stocks

I did expect the Bogleheads to evoke Lake Woebegone in their responses and you have not disappointed. Anyone else care to admit to panicking? or, not following his IPS and failing to rebalance? Or failing to invest new money per IPS? I didn't rebalance even though I was supposed to... But I had no ...
by HomerJ
Wed Oct 15, 2014 3:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Sixth anniversary of worst week ever for stocks
Replies: 51
Views: 3999

Re: need moral support (kinda)

fposte wrote:Money a year from now is not a "short-term need"


Umm, yes it is.
by HomerJ
Wed Oct 15, 2014 3:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: need moral support (kinda)
Replies: 33
Views: 2891

Re: need moral support (kinda)

Like you, I worried so I exchanged all of our stocks to bonds October 1st. I figured we made a lot of money already so when the market down I sold. I will go back to stocks again when I see stocks going up even just a little. That is NOT a good way to invest... Stocks could go up a little, and then...
by HomerJ
Wed Oct 15, 2014 3:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: need moral support (kinda)
Replies: 33
Views: 2891

Re: When people put all their eggs in the wrong basket

VictoriaF wrote:I wanted to find a plausible explanation apart from stupidity.



"Do you know how stupid the average person is? Well, 50% of people are stupider than that."

-George Carlin

:)
by HomerJ
Wed Oct 15, 2014 12:56 pm
 
Forum: Investing - Theory, News & General
Topic: When people put all their eggs in the wrong basket
Replies: 216
Views: 21159

Re: Relatively new here. What did you do in 2008/09

letsgobobby wrote: I follow a PE10 (valuation) based allocation, and had been as low as 0% stocks in 2000.


Shouldn't you have been near 0% stocks long before 2000? Like 1996 or 1997?
by HomerJ
Tue Oct 14, 2014 1:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Relatively new here. What did you do in 2008/09
Replies: 106
Views: 6811

Re: Relatively new here. What did you do in 2008/09

This was my first crash where we actually had a lot of money to lose. We were 60/40 stocks/bonds... When the DOW dropped below 10,000... I did rebalance once, selling bonds and buying stocks... But I never did get the courage to rebalance again. At the time we had a $200k mortgage, I think, and $300...
by HomerJ
Tue Oct 14, 2014 1:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Relatively new here. What did you do in 2008/09
Replies: 106
Views: 6811

Re: Why not 100% Stocks?

MarSam wrote:I'll still be holding enough in cash to account for 10 years of expenses


Wait, what? Then you're not 100% in stocks. In fact, you're more conservative than most of us. Nothing wrong with that, of course.
by HomerJ
Tue Oct 14, 2014 1:21 am
 
Forum: Investing - Theory, News & General
Topic: Why not 100% Stocks?
Replies: 274
Views: 20441

Re: Dry Powder, When to Start Value Averaging In?

won't need the money for a year or two, possibly more. Stock market isn't guaranteed to snap back in a year or two. Besides, what are you going to do if you pull the trigger when S&P 500 hits 1800, and it continues down to 900? And takes 5 years to recover? You're retiring in a year... You real...
by HomerJ
Mon Oct 13, 2014 11:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Dry Powder, When to Start Value Averaging In?
Replies: 23
Views: 2206

Re: Is semi-retirement a bad idea?

I'd argue there's very little correlation between monetary compensation and career happiness after a certain point. In fact, for certain professions it probably becomes inversely proportional. I have to agree with this. I think I have the perfect job... I'm about as high as I can go, and remain pur...
by HomerJ
Mon Oct 13, 2014 11:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is semi-retirement a bad idea?
Replies: 106
Views: 7108

Re: Is semi-retirement a bad idea?

For two of my three sabbaticals (my first and my upcoming one) my firm gave me formal leave of absences with a job waiting (in theory at least, still an employee at will so they could have of course reneged if they had to). For my second, it was time for me to be leaving anyway so I negotiated a vo...
by HomerJ
Mon Oct 13, 2014 11:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is semi-retirement a bad idea?
Replies: 106
Views: 7108

Re: Buffett Says ‘No-Brainer’ to Get a Mortgage to Short Rat

I'd have to say home construction has not picked up like I would have expected either, at least not in the area I looked. I bought a home late this summer. Looked at a bunch of places - there was not a single new construction home in my price range to even look at. It was very frustrating as I didn...
by HomerJ
Fri Oct 10, 2014 5:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buffett Says ‘No-Brainer’ to Get a Mortgage to Short Rates
Replies: 77
Views: 8825

Re: Wife Expecting, Down to One Income Source

Sahm30s wrote:Is getting to a net worth of $1 million a big deal?


Yes it is. Especially at your age.

It's probably important (but not necessary) for you to be aware of how well you are doing. It's good to understand how the rest of the country (and the world) lives.
by HomerJ
Fri Oct 10, 2014 2:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wife Expecting, Down to One Income Source
Replies: 116
Views: 8155

Re: Headed for a 300+ point loss today?

Browser wrote:Whoops. Dead cat rally not working today. Heading for another downer?


You know, if the markets continue to tank, gold will probably start going up as people get fearful... Hope you don't regret selling all your gold two weeks ago.
by HomerJ
Fri Oct 10, 2014 11:20 am
 
Forum: Investing - Theory, News & General
Topic: Headed for a 300+ point loss today?
Replies: 430
Views: 28412

Re: How to look at real estate ROI

Did your parents make their money buying and selling houses quickly for profit? Or did they build up rental properties slowly over time? From the other thread, you have more than $1 million tied up in the house you live in... That house is not bringing you any income, instead it costs a lot to maint...
by HomerJ
Thu Oct 09, 2014 10:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to look at real estate ROI
Replies: 21
Views: 2194

Re: Wife Expecting, Down to One Income Source

Also, wanted to underscore the importance of this posters note below - it resonated with me and I hope it will with you, too. It sounds like from the original post that the major "sacrifice" is cutting contributions to retirement. I wonder if retired bogleheads would trade one year of ret...
by HomerJ
Thu Oct 09, 2014 11:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Wife Expecting, Down to One Income Source
Replies: 116
Views: 8155

Re: Things that you will not spend money on and most people

Man, I'm a complete spendthrift according to this thread... We have 4-5 TVs in the house (I can't even be bothered to count them)... They're so big and so cheap! We have Internet at home (I'm not going to library every time I need to get on-line for work, or just to play a game!) We have two houses!...
by HomerJ
Wed Oct 08, 2014 11:17 pm
 
Forum: Personal Consumer Issues
Topic: Things that you will not spend money on and most people do?
Replies: 78
Views: 4005

Re: Why are my funds negative if stock market setting new hi

I'm a little confused, I recently switched all my accounts to the available index funds in each of my plans. The stock market is setting what seems like new highs every week, yet my Dreyfus S&P 500 Index is only at 1.02% for 3 mths and -1.44% for the month. The actual S&P 500 index is at -1...
by HomerJ
Wed Oct 08, 2014 6:15 pm
 
Forum: Investing - Theory, News & General
Topic: Why are my funds negative if stock market setting new highs?
Replies: 21
Views: 2808

Re: When people put all their eggs in the wrong basket

Anyway, my heart goes out to those who learned a very painful lesson. Except that many of them don't appear to have learned anything. Edit: I take that back... I heard the news after getting off a plane yesterday. Ouch. I lost a lot of money. Probably the equivalent of me saving diligently for the ...
by HomerJ
Wed Oct 08, 2014 4:18 pm
 
Forum: Investing - Theory, News & General
Topic: When people put all their eggs in the wrong basket
Replies: 216
Views: 21159

Re: What Movie Have You Recently Watched?

5. "Jack Reacher" starring Tom Cruise , watched it 2 or 3 times, don't know why, good movie, don't like him, almost didn't watch it. Ugh... I was pleasantly surprised by the first 2/3 of this movie... I thought it was much better than I expected.... but the ending was so horrible, I could...
by HomerJ
Wed Oct 08, 2014 11:22 am
 
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 131
Views: 6655

Re: Wife Expecting, Down to One Income Source

Naismith wrote:There is not one choice that is better, only the best choice for your own family during a particular phase of its evolution.


Great post. We went through many different stages too.
by HomerJ
Tue Oct 07, 2014 1:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wife Expecting, Down to One Income Source
Replies: 116
Views: 8155

Re: Wife Expecting, Down to One Income Source

Honestly, we've done both and I can go either way... but it's been really, really nice having DH home. I no longer have to run to pick up a sick kid, he can run errands for us, grocery shop, fix things around the house, yard work. He gets a lot done, leaving the weekend for family hikes, road trips...
by HomerJ
Tue Oct 07, 2014 1:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wife Expecting, Down to One Income Source
Replies: 116
Views: 8155

Re: Wife Expecting, Down to One Income Source

Unless the stay at home spouse has a good income or you have access to inexpensive quality child care, you should evaluate the idea of going back to work and paying for child care. I've seen families where that proposal, combined with the hassles of drop-off's, bad child care,guilt and missing some...
by HomerJ
Tue Oct 07, 2014 12:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wife Expecting, Down to One Income Source
Replies: 116
Views: 8155

Re: Should I buy a condo on the GROUND FLOOR?

blu9535 wrote:Even moreso if you happen to have a dog and are taking it outside every day.


This is a good point... My lake condo is 3rd floor, and taking the dog outside 5 times/day is a pain...
by HomerJ
Mon Oct 06, 2014 5:59 pm
 
Forum: Personal Consumer Issues
Topic: Should I buy a condo on the GROUND FLOOR?
Replies: 50
Views: 4996

Re: Grandpa wants me to help invest $800k - Suggestions?

To be honest, I just thought as long as this $800k was invested in something low risk, it would provide enough income and last long enough to support both my Grandpa and his step-son for the remainder of their lives. I guess I was wrong. It PROBABLY will, it's just not guaranteed to last for decade...
by HomerJ
Mon Oct 06, 2014 5:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Grandpa wants me to help invest $800k - Suggestions?
Replies: 21
Views: 2526

Re: Am I on Track?

I've looked at net worth benchmarks via the book "The Millionaire next door" but we are well under where it says we should be at this point. One problem is we make a lot of money now (in comparison to the general public) but we haven't made that much money for very long. Most of these cal...
by HomerJ
Mon Oct 06, 2014 3:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Am I on Track?
Replies: 16
Views: 1565

Re: What evidence would prove the Boglehead mentality wrong?

1. Buy low, sell high Once one learns how to APPLY those two slogans, there's really little need for anything else.... Sure it takes some time to figure out what is "high" and what is "low" LOL.. Yeah, that's pretty easy all right... So are prices high right now or low? Just tak...
by HomerJ
Mon Oct 06, 2014 10:46 am
 
Forum: Investing - Theory, News & General
Topic: What evidence would prove the Boglehead mentality wrong?
Replies: 212
Views: 15488

Re: Should I buy a condo on the GROUND FLOOR?

tphp99 wrote:Why a condo instead of a single family home?


Well, pretty nice to never have to cut the grass again for one... :)
by HomerJ
Mon Oct 06, 2014 10:33 am
 
Forum: Personal Consumer Issues
Topic: Should I buy a condo on the GROUND FLOOR?
Replies: 50
Views: 4996

Re: Should I buy a condo on the GROUND FLOOR?

With proper concrete construction, there shouldn't be much sound transmission between units... Our lake condo is on the 3rd floor (5 stories total), and we have never heard our neighbors. One nice thing about being the middle is excellent insulation... Condos above us, below us, one on each side (w...
by HomerJ
Mon Oct 06, 2014 10:30 am
 
Forum: Personal Consumer Issues
Topic: Should I buy a condo on the GROUND FLOOR?
Replies: 50
Views: 4996

Re: Why not 100% Stocks?

It doesn't matter what you 'think'. Money has no memory. It matters what you have; and how much you were counting on having the day you became a decumulator - voluntarily or not. If you have 25x expenses and were planning on getting 4% from that and then the markets go down 60% and you lose your jo...
by HomerJ
Mon Oct 06, 2014 9:32 am
 
Forum: Investing - Theory, News & General
Topic: Why not 100% Stocks?
Replies: 274
Views: 20441

Re: Why not 100% Stocks?

100% equities is a roller coaster ride that's too intense. I like our roller coaster to be tempered vy 40% bonds. If your time horizon is very long and retirement is decades away who cares about the roller coaster. There's absolutely no reason NOT to be invested 100% in equities. As long as you hav...
by HomerJ
Sat Oct 04, 2014 6:08 pm
 
Forum: Investing - Theory, News & General
Topic: Why not 100% Stocks?
Replies: 274
Views: 20441

Re: What will you do during the next crash?

Not much... I'm too close to retirement (less than 10 years)... I will change all NEW contributions to 100% stock, but I doubt I'll rebalance at all... I didn't rebalance much during the last crash... I found it VERY hard to sell bonds and buy stocks... It was very easy to put all new money 100% int...
by HomerJ
Sat Oct 04, 2014 1:52 am
 
Forum: Investing - Theory, News & General
Topic: What will you do during the next crash?
Replies: 63
Views: 4004

Re: 1,000th post

When should someone retire their newb status? Is it after x number of posts and/or x number of years in the market? Thanks to the community here, I made my first investment with Vanguard in November of 2012 - almost two years ago. Haven't sold any shares since. After your first stock market crash. :)
by HomerJ
Fri Oct 03, 2014 3:41 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: 1,000th post
Replies: 10
Views: 797

Re: Why not 100% Stocks?

Sorry! I haven't been clear about how this works. Say that an investor puts $100 into the market every month starting in 1920. At the peak, my spreadsheet reports that she has put in $11,700 and has a portfolio worth $62,515. So she has enormous paper gains. At the bottom, she has a portfolio worth...
by HomerJ
Fri Oct 03, 2014 2:39 pm
 
Forum: Investing - Theory, News & General
Topic: Why not 100% Stocks?
Replies: 274
Views: 20441

Re: Why not 100% Stocks?

Besides, is it REALLY your argument that nobody, under any circumstance, should EVER be 100% stocks? Nope, that is not my argument... One should be aware that it's certainly possible for stock market to go down 50% and stay there for 5+ years. And then plan around that. I think 100% stocks is fine ...
by HomerJ
Fri Oct 03, 2014 1:27 pm
 
Forum: Investing - Theory, News & General
Topic: Why not 100% Stocks?
Replies: 274
Views: 20441

Re: Why not 100% Stocks?

Some more faulty logic. If my business is generating money, as you point out, I would not HAVE to sell assets correct? We can go round and round and round. And, we can agree to disagree, however, do NOT put words in my mouth. I never said I could see "risk" with regards to the markets way...
by HomerJ
Fri Oct 03, 2014 12:18 pm
 
Forum: Investing - Theory, News & General
Topic: Why not 100% Stocks?
Replies: 274
Views: 20441

Re: Why not 100% Stocks?

- I'm 100% stocks damnit if you ignore my business, my home, my cash, and my 'hard assets' (still trying to figure out what the heck those are); None of those things are taken into account when one refers to their investment portfolio. Otherwise, it's impossible (in all practical terms) to be 100% ...
by HomerJ
Fri Oct 03, 2014 11:47 am
 
Forum: Investing - Theory, News & General
Topic: Why not 100% Stocks?
Replies: 274
Views: 20441
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