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Re: Do you dream about retirement?

Since you no longer have to put up with abuse in the workplace, you no longer tolerate it. Either the workplace comes to terms with that, or you change workplaces, or you leave. After any one of the three, you are empowered, and the things that other people hate about work no longer apply to you. M...
by HomerJ
Fri Oct 31, 2014 3:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you dream about retirement?
Replies: 91
Views: 6140

Re: Do you dream about retirement?

sesq wrote:Office Space is a top-five movie for me, and I imagine myself being happy doing nothing.


To quote "Office Space"...

"You don't need a million dollars to do nothing all day!"
by HomerJ
Fri Oct 31, 2014 2:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you dream about retirement?
Replies: 91
Views: 6140

Re: Is $700,000 enough to retire? Opinions please .

If nothing else leave your hears free and clear real estate. If I were inheriting I'd rather get a nice selection of highly liquid investments with a step up in basis or in tax advantaged accounts that could be converted to cash quickly and easily rather than real estate that will take time and mon...
by HomerJ
Fri Oct 31, 2014 2:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is $700,000 enough to retire? Opinions please .
Replies: 48
Views: 4978

Re: Is $700,000 enough to retire? Opinions please .

$700K is absolutely enough to retire, but the calculation should be reversed to determine how much one can spend and then make the decision to stay within that budget. As people have suggested the proposed level of spending in the OP is probably dicey. This. Is your house paid-off? Can you downsize...
by HomerJ
Fri Oct 31, 2014 2:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is $700,000 enough to retire? Opinions please .
Replies: 48
Views: 4978

Re: Paul Merriman criticism?

If you don't base decisions on evidence what do you do? There is no other alternative that is logical This is why the term "evidence-based" is nonsensical. It sounds like marketing-speak to me. If someone told me, "MY system is better because it's evidence-based!", I would not b...
by HomerJ
Thu Oct 30, 2014 5:47 pm
 
Forum: Investing - Theory, News & General
Topic: Paul Merriman criticism?
Replies: 58
Views: 3844

Re: Joint accounts or separate accounts for married couples?

jimday1982 wrote:we're one family with one budget and one primary, joint checking account as long as I'm at the helm.


Doesn't really sound like a "joint" account, but more like "your" account.
by HomerJ
Thu Oct 30, 2014 11:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Joint accounts or separate accounts for married couples?
Replies: 37
Views: 1837

Re: Joint accounts or separate accounts for married couples?

When money is tight, I think 3 accounts (his, her, joint) is a good idea. When we were first married, I put $100 from every check into "my" account, the rest into the joint... Then if I wanted to splurge on something that was just for me (a new computer, going out to play pool with the guy...
by HomerJ
Thu Oct 30, 2014 11:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Joint accounts or separate accounts for married couples?
Replies: 37
Views: 1837

Re: A Challenge for Bogleheads - the market has changed

Very strange that the guy shows 2000-2014 as "proof" that buy-and-hold doesn't work. Anyone who lumped sum all his money into the market on 10/29/1999 (near the top), has STILL made 5.5% a year over the last 15 years... http://s16.postimg.org/4176lg3ed/SP500_15years.png But anyway, most pe...
by HomerJ
Wed Oct 29, 2014 12:33 pm
 
Forum: Investing - Theory, News & General
Topic: A Challenge for Bogleheads - the market has changed
Replies: 52
Views: 5177

Re: A Challenge for Bogleheads - the market has changed

The primary message of the post I quoted at the start is that it would be almost foolish for new investors to buy the S&P 500 and other high-price stocks today , even if the new investor planned on following the Boglehead philosophy. Far better, the post argues, to keep your money in cash until...
by HomerJ
Wed Oct 29, 2014 11:47 am
 
Forum: Investing - Theory, News & General
Topic: A Challenge for Bogleheads - the market has changed
Replies: 52
Views: 5177

Re: A Challenge for Bogleheads - the market has changed

Over the 10-15 year time horizon I submit you may well make no money whatsoever due to how modern markets are behaving This is nothing new... In 1966 DOW was at 1000, and in 1982 it was still at 1000 (lot of ups and downs in those 16 years).. Boglehead philosophy worked just fine. I lack the techni...
by HomerJ
Wed Oct 29, 2014 11:37 am
 
Forum: Investing - Theory, News & General
Topic: A Challenge for Bogleheads - the market has changed
Replies: 52
Views: 5177

Re: Checking monthly - may not even notice the October "cras

I notice this crash, 7K lost in October, November so far breaking even, so of course one will notice the losses, this downward trend in market has been going on tail end of October into November, and so far we are far off from breaking even, about 65% of loses have been recovered but 35% S&P dr...
by HomerJ
Wed Oct 29, 2014 11:19 am
 
Forum: Investing - Theory, News & General
Topic: Checking monthly - may not even notice the October "crash"
Replies: 49
Views: 3653

Re: If holding cash, do you want a Great Depression?

Wow, way to pile on. I don't think the OP is some evil maniac who wants others to suffer . He is asking a very straightforward question that is relevant to investment strategy. The question might be worded better as: "in a severely declining or persistently low stock market market, shouldn't t...
by HomerJ
Tue Oct 28, 2014 4:25 pm
 
Forum: Investing - Theory, News & General
Topic: If holding cash, do you want a Great Depression?
Replies: 50
Views: 3934

Re: POLL: Gross Annual Retirement Income Before Taxes

anonforthis wrote:How do I vote if I don't plan to retire ever?


Some day you will be tired of working, or even just too old to work. It may not be a choice you get to make.
by HomerJ
Tue Oct 28, 2014 4:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Gross Annual Retirement Income Before Taxes
Replies: 25
Views: 1920

Re: POLL: Gross Annual Retirement Income Before Taxes

Should have said expenses, not income...

Income can be confusing. My expenses are going to be about $80k a year in retirement... No idea what my income will be... hopefully about the same or higher...
by HomerJ
Tue Oct 28, 2014 4:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Gross Annual Retirement Income Before Taxes
Replies: 25
Views: 1920

Checking monthly - may not even notice the October "crash"

I usually update my spreadsheet on the 1st of every month...

Looks like when I update it on Nov 1st, there's a good chance it won't even register all the craziness of the last 3 weeks, even though the news and even the Boglehead forum had tons of shows and posts about the "crash"
by HomerJ
Tue Oct 28, 2014 3:13 pm
 
Forum: Investing - Theory, News & General
Topic: Checking monthly - may not even notice the October "crash"
Replies: 49
Views: 3653

Re: Gross Yearly Income needed in Retirement (Speculation)

How are people coming up with these numbers? 90K? 120k? Even $180k??? What kinds of savings rate does one need to take $100k/year in retirement? It seems unattainable without a two income high earning (physician level +) people. Look at your current expenses, subtract those that may not exist in re...
by HomerJ
Tue Oct 28, 2014 12:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 159
Views: 12480

Re: Gross Yearly Income needed in Retirement (Speculation)

We need about 16k a year. Umm, $16k a year is way low for one person, not to mention a We. I know someone who pays just over $800 a month for ACA health insurance in retirement (not eligible for Medicare). And that's just one expense category. You are not factoring in all expenses to get that numbe...
by HomerJ
Tue Oct 28, 2014 12:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 159
Views: 12480

Re: If holding cash, do you want a Great Depression?

I think we got enough of a taste of this in 2008-09 to know that even having cash to spend, and discounts to be had, did not "feel good" to spend it at the time. This. I had cash ($300k in bonds) that I did NOT invest In the market during 2008-2009, because I was fearful the Great Depress...
by HomerJ
Tue Oct 28, 2014 11:16 am
 
Forum: Investing - Theory, News & General
Topic: If holding cash, do you want a Great Depression?
Replies: 50
Views: 3934

Re: Feeling rich to feeling poor overnight

Imagine the guy in Omaha who has your same exact job. He probably makes 12K less than you in salary and pays 1K less per month than the expensive places you're lamenting. So financially it's a wash, and you get to live in SF instead of Omaha. Point is, you're being compensated for the high rent alr...
by HomerJ
Mon Oct 27, 2014 6:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Feeling rich to feeling poor overnight
Replies: 85
Views: 10616

Re: Gross Yearly Income needed in Retirement (Speculation)

It's easier when you're closer to retirement. We're about ten years out (youngest kid graduates college in 10 years), and our current expenses will very likely be about the same in retirement. Maybe spend a little more on vacations and health care premiums, but a little less with the kid gone. So we...
by HomerJ
Mon Oct 27, 2014 5:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 159
Views: 12480

Re: Do you dream about retirement?

Every time we pack up and leave our lake condo, I dream about retirement.
by HomerJ
Mon Oct 27, 2014 4:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you dream about retirement?
Replies: 91
Views: 6140

Re: Feeling rich to feeling poor overnight

People who claim not to be bothered by a long commute lack self-awareness and objectivity. Some years ago, people were claiming that they were not bothered by smocking. Victoria Sounds hugely judgmental. Lacking in self-awareness? Objectivity? Quite the contrary. When I was about the same age as th...
by HomerJ
Mon Oct 27, 2014 3:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Feeling rich to feeling poor overnight
Replies: 85
Views: 10616

Re: Feeling rich to feeling poor overnight

I am paying less than $2,000 per month for a 2-bedroom apartment. Examples of sacrificed quality are that some of my windows don't open and some of my blinds have un-removable stains. There were more serious issues that the management has fixed after I moved in. Some things work but I have to use t...
by HomerJ
Mon Oct 27, 2014 3:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Feeling rich to feeling poor overnight
Replies: 85
Views: 10616

Re: Feeling rich to feeling poor overnight

Probably not a hoax - I lived in a large midtown development called Tudor City. My apt was 9 feet by 17'6". I think with the bathroom is was about 196 square feet. There was no kitchen - and a Murphy bed. Bought it, loved it, and when I got a larger place I rented it out for many years. Finall...
by HomerJ
Mon Oct 27, 2014 3:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Feeling rich to feeling poor overnight
Replies: 85
Views: 10616

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: 2502

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: 12474

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: 11
Views: 1189

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: 3715

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: 3715

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: 696

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: 389

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: 445
Views: 30550

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: 1669

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: 389

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: 73
Views: 5226

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: 4057

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: 4057

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: 445
Views: 30550

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: 4430

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: 2907

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: 2907

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: 233
Views: 26632

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: 7058

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: 7058

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: 20940

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: 2220

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: 7209

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: 7209

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: 9120

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: 8328
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