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Re: Frugality regret: What thing do you regret not spending

obgyn65 wrote:I regret not spending more on my life.


What does that mean?
by HomerJ
Fri Jan 30, 2015 9:36 am
 
Forum: Personal Consumer Issues
Topic: Frugality regret: What thing do you regret not spending on?
Replies: 132
Views: 20394

Re: What experts say about $5,000 watches

Ironically, a Rolex should be THE Boglehead watch. It's actually on the lower end of the price range for what you get - in-house movement, all-Swiss manufacture, history, pedigree, reliability, build quality. Your average sports Rolex is quite a ways cheaper than say an AP or Patek. You get one, it...
by HomerJ
Mon Jan 26, 2015 12:37 am
 
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 906
Views: 173489

Re: Should I Declare Victory and Pack It In?

I know this may be off topic, but I find this (having >$2.5 million investment net worth) VERY impressive! How did you do it and how long did it take you to build up such wealth with that kind of income? Did you miss the part about making 500k/yr and being 55 (i.e. 25+ years of working)?:) Granted ...
by HomerJ
Sat Jan 24, 2015 11:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I Declare Victory and Pack It In?
Replies: 173
Views: 16624

Re: Gotta Be a Bear Market Coming

The economy looks strong with growth up and unemployment down. Nonetheless, I'e got to think this bull market is getting somewhat aged. While I won't resort to market-timing, I am bracing - perhaps irrationally - bracing for a major correction or bear market. You should ALWAYS be prepared (bracing)...
by HomerJ
Fri Jan 23, 2015 11:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Gotta Be a Bear Market Coming
Replies: 64
Views: 7662

Re: Grandfather wanting to transfer portfolio to kids. Ques

Anon1234 wrote:ps. i always thought you were 30s or 40s.


I'm 45... I was just trying to prove a point (weakly) by showing the view from the other side... :)
by HomerJ
Fri Jan 23, 2015 4:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Grandfather wanting to transfer portfolio to kids. Question
Replies: 67
Views: 3078

Re: Grandfather wanting to transfer portfolio to kids. Ques

I'm 80, and I have all my money in a simple 3-fund Vanguard portfolio... I want to give my money to my kid now, and I tried to explain why the 3-fund portfolio was simple, easy to manage, generates a decent return, and is less volatile. My daughter (and her son-in-law) told me that they have no inte...
by HomerJ
Fri Jan 23, 2015 4:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Grandfather wanting to transfer portfolio to kids. Question
Replies: 67
Views: 3078

Re: Should I Declare Victory and Pack It In?

Once I read "2.7" with an "M" after it, you didn't need to say anymore. Wow, you're done. All your hard work paid off, there is no need to do this anymore (unless you want to). Go retire. Relax and take it easy. The vast majority of people will never be in your situation. You'd ...
by HomerJ
Thu Jan 22, 2015 10:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I Declare Victory and Pack It In?
Replies: 173
Views: 16624

Re: "When you've won the game, stop playing"

Actually I wonder if the most worrisome point about 2008 is the miss-perception that market crashes recover quickly and do no harm especially if one simply rebalances into them. There is a lot or rhetoric out there about how wonderful it is to "buy stocks cheap." But then, I am one of tho...
by HomerJ
Wed Jan 21, 2015 2:49 pm
 
Forum: Investing - Theory, News & General
Topic: "When you've won the game, stop playing"
Replies: 83
Views: 8362

Re: Best watch for around $5,000?

I thought we had already established many posts ago that you're not buying a luxury watch for the functionality any more than you lament the lack of calories in a fine dining meal or the alchohol content in a vintage first growth wine or the resolution in a painting. I guess I don't understand how ...
by HomerJ
Wed Jan 21, 2015 12:25 pm
 
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 906
Views: 173489

Re: Best watch for around $5,000?

Aptenodytes wrote:I cross time zones a lot


Ah I forgot about time zones... Pretty nice that our smart-phones automatically adjust that for us (mine even shows the time back home as well as local time).
by HomerJ
Wed Jan 21, 2015 11:52 am
 
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 906
Views: 173489

Re: Best watch for around $5,000?

Also, for $5,000 do you need to fiddle with it at the end of every month, or does it know "Thirty days hath September" and take care of that automatically? I did a quick google search and apparently $5000 watches DON'T know what month it is, and you do have to set the date 5 times a year ...
by HomerJ
Wed Jan 21, 2015 11:36 am
 
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 906
Views: 173489

Re: The "Less Than" a Million $ Club

I agree completely with this sentiment. For those of us who are fortunate enough to have pensions, "the number" is irrelevant. I'm working longer and not paying particular attention to "the number". Every year I work, my pension grows. I expect to be able to live very comfortabl...
by HomerJ
Tue Jan 20, 2015 11:50 am
 
Forum: Personal Consumer Issues
Topic: The "Less Than" a Million $ Club
Replies: 71
Views: 10281

Re: The "Less Than" a Million $ Club

Is it odd that I don't have a number? I'm just saving as much as possible and spending only what I need. I've never sat down and figured out a number. At some point, you should determine a "number" or you may end up working years longer than you have to, or forgoing pleasures that you cou...
by HomerJ
Tue Jan 20, 2015 11:45 am
 
Forum: Personal Consumer Issues
Topic: The "Less Than" a Million $ Club
Replies: 71
Views: 10281

Re: Best watch for around $5,000?

However, to answer your question, I don't understand the word "nice" as you are using it. I assume the market has set the value of that watch at $100,000. I assume there is a reason for that. I don't know if there's always a reason or if people are just stupid. http://www.artsumo.com/blog...
by HomerJ
Tue Jan 20, 2015 11:38 am
 
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 906
Views: 173489

Re: The "Less Than" a Million $ Club

It just doesnt take that much to live if you have the house paid off. Food and utilities and a little fun are pretty cheap. Real estate taxes are not! :annoyed Heh, you and I always end up at real estate taxes... :) One can always move. And usually if you're moving from an area with high real estat...
by HomerJ
Tue Jan 20, 2015 11:27 am
 
Forum: Personal Consumer Issues
Topic: The "Less Than" a Million $ Club
Replies: 71
Views: 10281

Re: Best watch for around $5,000?

Alex Frakt wrote:
HomerJ wrote:Heh, if all they do is go up in value, maybe you should have bought one of those $100,000 watches you saw the other day... :)

Aren't the $100,000 watches 20x nicer than the $5000 watches?

No, it's a log scale.


Touche` :)
by HomerJ
Tue Jan 20, 2015 1:28 am
 
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 906
Views: 173489

Re: The "Less Than" a Million $ Club

It just doesnt take that much to live if you have the house paid off. Food and utilities and a little fun are pretty cheap.
by HomerJ
Tue Jan 20, 2015 1:10 am
 
Forum: Personal Consumer Issues
Topic: The "Less Than" a Million $ Club
Replies: 71
Views: 10281

Re: Best watch for around $5,000?

Heh, if all they do is go up in value, maybe you should have bought one of those $100,000 watches you saw the other day... :)

Aren't the $100,000 watches 20x nicer than the $5000 watches?
by HomerJ
Tue Jan 20, 2015 12:02 am
 
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 906
Views: 173489

Re: Best watch for around $5,000?

As for wearing "man-jewelry", this watch is absolutely gorgeous! http://storage.googleapis.com/attachments.outofpawn.com/attachments/52551/large/yk065.jpg?1364248863 I see zero difference between these two watches. Except that yours cost 150x more. http://s24.postimg.org/rxuj1usl1/timex.j...
by HomerJ
Mon Jan 19, 2015 3:42 pm
 
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 906
Views: 173489

Re: is the pitch for index-based annuities childish?

See Vanguard s dVA with GLWB. Pretty good description on how the product works. https://personal.vanguard.com/us/whatweoffer/annuities/guaranteed-lifetime-withdrawal-benefit From that page... Here's what you get when you cash out the money... (First number is single person, second number is joint) ...
by HomerJ
Mon Jan 19, 2015 1:11 pm
 
Forum: Investing - Theory, News & General
Topic: is the pitch for index-based annuities childish?
Replies: 15
Views: 777

Re: is the pitch for index-based annuities childish?

It's an option play. Limit your downside risk while preserving the upside potential. If you don't understand insurance as a derivative to the asset, then you shouldn't be in this arena. See Vanguard s dVA with GLWB. Pretty good description on how the product works. Disclaimer: We have dVA and dFIa,...
by HomerJ
Mon Jan 19, 2015 1:05 pm
 
Forum: Investing - Theory, News & General
Topic: is the pitch for index-based annuities childish?
Replies: 15
Views: 777

Re: What's Your International % and Why?

MaddMaxx wrote:most of them (U.S companies) do business internationally.


This. 10% of my portfolio is International stocks (That's 20% of my stocks, since I'm 50/50 stocks/bonds)
by HomerJ
Mon Jan 19, 2015 11:18 am
 
Forum: Investing - Theory, News & General
Topic: What is the international portion of your portfolio and why?
Replies: 132
Views: 10008

Re: Best watch for around $5,000?

Amy Farrah Fowler: Jewelry? Seriously? Sheldon you are the most shallow, self-centered person I have ever met. Do you really think that another transparently-manipu... OH, IT'S A TIARA! A tiara; I have a tiara! Put it on me! Put it on me! Put it on me! Put it on me! Put it on me! Put it on me! Put ...
by HomerJ
Mon Jan 19, 2015 11:14 am
 
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 906
Views: 173489

Re: Should I Declare Victory and Pack It In?

Work if you love it but otherwise go do the f$c# what you want to!!! You have enough money to do as you want. Go SCUBA the Virgin Islands or hike the Pacific Crest Trail, but don't sit around wondering about retirement, you have plenty of money. They may not have enough money to do what they want t...
by HomerJ
Sat Jan 17, 2015 2:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I Declare Victory and Pack It In?
Replies: 173
Views: 16624

Re: Should I Declare Victory and Pack It In?

Work if you love it but otherwise go do the f$c# what you want to!!! You have enough money to do as you want. Go SCUBA the Virgin Islands or hike the Pacific Crest Trail, but don't sit around wondering about retirement, you have plenty of money. They may not have enough money to do what they want t...
by HomerJ
Fri Jan 16, 2015 11:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I Declare Victory and Pack It In?
Replies: 173
Views: 16624

Re: Should I Declare Victory and Pack It In?

My thoughts are mostly how you can shift expenses from $200K to about $100K all at once unless you had $100K of college senior expenses and they are now gainfully employed? Even $200 dinners and $100 wine do not easily add up to $100K and I eat out quite a lot. This. If you can live on $100k, you s...
by HomerJ
Fri Jan 16, 2015 11:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I Declare Victory and Pack It In?
Replies: 173
Views: 16624

Re: Should I Declare Victory and Pack It In?

OP, what are your annual expenses right now? Are you currently spending a $100k a year? or are you spending more? That's where you start... What are your expenses... I have no idea if you've "won" with $2.7 million until you tell me your expenses. If you're used to spending $200k a year, y...
by HomerJ
Fri Jan 16, 2015 2:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I Declare Victory and Pack It In?
Replies: 173
Views: 16624

Re: When your spouse isn't quite as frugal as you

I drive a cheap Honda Civic so I don't have to worry about the small stuff.

Saving $10,000 on my car means I can waste $3650 a year on little junk if I want to ($10 a day) - (although I don't spend quite that much... probably waste $200 a month on junk so $2400)
by HomerJ
Wed Jan 14, 2015 3:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: When your spouse isn't quite as frugal as you
Replies: 94
Views: 8701

Re: When your spouse isn't quite as frugal as you

I'm fortunate to get free coffee at work and have a freezer, refrigerator and microwave at my disposal. And he works outside in zero degree weather and 100 degree weather. Work on getting him to eat breakfast at home, but let him buy lunch and snacks. The guy works hard and deserves it. You're doin...
by HomerJ
Wed Jan 14, 2015 12:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: When your spouse isn't quite as frugal as you
Replies: 94
Views: 8701

Re: 100,000 or Bust...

Hey Guys, Someone told me to check out this forum and I have to be honest, it's great ,but a little overwhelming for someone like me. I learned 2 things after reading through the threads. 1. I need a lot more education when it comes to finance. 2. I need a lot more education on finance. Here is wha...
by HomerJ
Tue Jan 13, 2015 11:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: 100,000 or Bust...
Replies: 9
Views: 1163

Re: Poll - How much is enough / what's your number?

I read to much Bogleheads so I want more and a million would have been fine. How does reading Bogleheads make you want more? For every "Hey I wasted a bunch of money on a watch because I can" thread, there's ten threads about "Hey I keep my house at 59 degrees in the winter to save m...
by HomerJ
Tue Jan 13, 2015 3:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll - How much is enough / what's your number?
Replies: 79
Views: 7552

Re: Poll - How much is enough / what's your number?

As bobk has pointed out many times, and I agree with: IMHO the focus on " the number" is silly. What? So when do you know if you have enough to retire? A number is very important. You need to focus on what a yearly source of income, which you need to cover your needs and some extras to be...
by HomerJ
Tue Jan 13, 2015 2:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll - How much is enough / what's your number?
Replies: 79
Views: 7552

Re: Poll - How much is enough / what's your number?

I'm not where near $1M invested, so I don't appreciate how much money that functionally is. Something to keep in mind.... $40k income (4% of $1 million) can be a lot more in retirement than it is while working. Most people would be very happy with $100k income while working. In the Mid-west, it's a...
by HomerJ
Tue Jan 13, 2015 2:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll - How much is enough / what's your number?
Replies: 79
Views: 7552

Re: Poll - How much is enough / what's your number?

Depends on age, and where you want to live... For me, low-cost-of-living Mid-west, I'm shooting for $2 million plus a paid-for house (so I guess that puts me above $2 million). Could easily live on $1 million plus a paid-off house, but wife likes to travel, and there's the unknown of health care and...
by HomerJ
Tue Jan 13, 2015 2:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll - How much is enough / what's your number?
Replies: 79
Views: 7552

Re: Two Homes in Retirement?

Our lake condo only costs us $7000 a year... That's HOA fees, insurance, property tax, utilities... But we rent it out a few weekends a year and make about $4000, so really only $3000 a year carrying costs... For about the cost of one good vacation, we get a dozen weekends (and one or two weeks) at ...
by HomerJ
Tue Jan 13, 2015 12:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Two Homes in Retirement?
Replies: 38
Views: 3498

Re: Is a Sub-4% SWR a Boglehead Quirk?

The concept of having an 85% chance of having enough would never have flown. Run out of money when you can fend for yourself the least? Really? If you knew how long you were going to live the math becomes simple. If you save enough the math becomes simple too. Exactly! There is an enormous differen...
by HomerJ
Mon Jan 12, 2015 4:08 pm
 
Forum: Investing - Theory, News & General
Topic: Is a Sub-4% SWR a Boglehead Quirk?
Replies: 177
Views: 10670

Re: Is a Sub-4% SWR a Boglehead Quirk?

Homer, I agree with everything that you have said. Let me ask you a question. If we experience another 2008-2009 Market meltdown would you continue to take your inflation adjusted 4%? I'm 50/50, so I'd take it out of bond funds, not stock funds... but yeah I'd probably take only 1 vacation that yea...
by HomerJ
Mon Jan 12, 2015 3:53 pm
 
Forum: Investing - Theory, News & General
Topic: Is a Sub-4% SWR a Boglehead Quirk?
Replies: 177
Views: 10670

Re: Is a Sub-4% SWR a Boglehead Quirk?

However, if you are looking to what we've learned from history, it's quite possible "the next 30 years will be WORST 30 years in modern history". Okay, as long as we recognize that that is what we're predicting... A lot of people seem to think that 4% is for "normal" times, and ...
by HomerJ
Mon Jan 12, 2015 2:56 pm
 
Forum: Investing - Theory, News & General
Topic: Is a Sub-4% SWR a Boglehead Quirk?
Replies: 177
Views: 10670

Re: Two Homes in Retirement?

Actually the water example was just an example of things that can go wrong when you're an absentee owner, and that I don't have an interest in dealing with in retirement. There are other things that can go wrong that can't be dealt with in advance, which are the owner's problem. True... That's why ...
by HomerJ
Mon Jan 12, 2015 2:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Two Homes in Retirement?
Replies: 38
Views: 3498

Re: Two Homes in Retirement?

We are retiring in 2016 and although I've dreamed of owning a little vacation place in addition to our home, my husband supported my rational side enough to persuade me not to. Then the other night, we woke up around 2am to the sound of rushing water. A little pipe in the hall bath had broken and w...
by HomerJ
Mon Jan 12, 2015 2:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Two Homes in Retirement?
Replies: 38
Views: 3498

Re: Is a Sub-4% SWR a Boglehead Quirk?

In the Vanguard webinar this past Thursday, both the Vanguard president and chief investment officer suggested as a general rule lowering the SWR to 3.5% in view of lower expected returns for the foreseable future. PhDs have been predicting lower expected returns since 2011... I think we know how w...
by HomerJ
Mon Jan 12, 2015 2:00 pm
 
Forum: Investing - Theory, News & General
Topic: Is a Sub-4% SWR a Boglehead Quirk?
Replies: 177
Views: 10670

Re: Is a Sub-4% SWR a Boglehead Quirk?

In the Vanguard webinar this past Thursday, both the Vanguard president and chief investment officer suggested as a general rule lowering the SWR to 3.5% in view of lower expected returns for the foreseable future. PhDs have been predicting lower expected returns since 2011... I think we know how w...
by HomerJ
Mon Jan 12, 2015 1:09 pm
 
Forum: Investing - Theory, News & General
Topic: Is a Sub-4% SWR a Boglehead Quirk?
Replies: 177
Views: 10670

Re: Is a Sub-4% SWR a Boglehead Quirk?

I guess my strategy is to really not have a strategy. I have a fixed level of spending that I can calculate pretty easy and I make major expenditures(vacations, cars) based upon my current income(market valuation, etc.). Maybe that is a strategy. It seems like if you withdraw 4% a year and your por...
by HomerJ
Mon Jan 12, 2015 12:31 pm
 
Forum: Investing - Theory, News & General
Topic: Is a Sub-4% SWR a Boglehead Quirk?
Replies: 177
Views: 10670

Re: Is a Sub-4% SWR a Boglehead Quirk?

Spouse, heirs and charities. All are more worthy than wasting money on frivolous expenditures. Spending time with spouse, heirs, and volunteering at charities could also be considered more worthy than working until one is too sick to work anymore... But to each his own. I will retire at 55, and spe...
by HomerJ
Sun Jan 11, 2015 10:45 pm
 
Forum: Investing - Theory, News & General
Topic: Is a Sub-4% SWR a Boglehead Quirk?
Replies: 177
Views: 10670

Re: Is a Sub-4% SWR a Boglehead Quirk?

In the real world you can use annuities to eliminate some longevity risk. This, also... SPIAs are a great Plan B... Say you are 10-15 years into your retirement, and the nest egg has dropped 40%.... Well, buy a SPIA with 80% of your remaining money, and you'll probably get 8%+ (assuming that 10-15 ...
by HomerJ
Sun Jan 11, 2015 6:30 pm
 
Forum: Investing - Theory, News & General
Topic: Is a Sub-4% SWR a Boglehead Quirk?
Replies: 177
Views: 10670

Re: Is a Sub-4% SWR a Boglehead Quirk?

Here's Vanguard research with a chart showing you need withdrawal rates no higher than 4% over 30 years to have a 85% success rate. http://www.vanguard.com/pdf/s325.pdf 85% doesn't sound very safe to me. YMMV. Longer time periods implied lower withdrawal rates. More safety would also imply a lower ...
by HomerJ
Sun Jan 11, 2015 6:25 pm
 
Forum: Investing - Theory, News & General
Topic: Is a Sub-4% SWR a Boglehead Quirk?
Replies: 177
Views: 10670

Re: WHY is retirement enjoyable / something to look forward

I don't think I've EVER been bored when I was free to do whatever I wanted...

The only time I'm bored is when I'm forced to do something I don't want to do (like sit through a meeting, or go shopping with my wife) :)
by HomerJ
Sat Jan 10, 2015 9:42 pm
 
Forum: Personal Consumer Issues
Topic: WHY is retirement enjoyable / something to look forward to?
Replies: 237
Views: 20050

Re: Help me to understand time shares

Really? And you can buy these for pennies on the dollar in the secondary market? Why don't you own 100 of them? Sounds like free money. Serious question. I could also make a few thousand dollars from stoozing/credit card balance transfers, but I'm not chasing any money by stoozing credit cards whic...
by HomerJ
Sat Jan 10, 2015 12:27 pm
 
Forum: Personal Consumer Issues
Topic: Help me to understand time shares
Replies: 58
Views: 5382

Re: Help me to understand time shares

I can also exchange my units for other places to stay. I think I have greater flexibility for vacationing than you do with timeshares in my portfolio. And with my units I can invite family and friends to hang with us in the 2 or 3 bedroom villas we stay. I'm not sure why you think you have greater ...
by HomerJ
Sat Jan 10, 2015 12:26 am
 
Forum: Personal Consumer Issues
Topic: Help me to understand time shares
Replies: 58
Views: 5382

Re: Savings Rate vs. FUN

Twins Fan wrote:Plus OP is about to double their salary.


That usually only happens once in your life. One needs to be smart about it.

Let's keep things in perspective before taking the arguments to the extreme, huh?


But yeah, he's probably fine.
by HomerJ
Fri Jan 09, 2015 5:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Savings Rate vs. FUN
Replies: 43
Views: 3422
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