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Re: How to achieve a balance between "saving" and "living"?!

Save half your raises, and spend the other half. It won't take that long for you to be saving a ton of money and living a great lifestyle. If you're REALLY lucky, you'll someday get to a point where you have pretty much everything you want, and then you can save 100% of your raises. My wife and I we...
by HomerJ
Fri Sep 19, 2014 10:01 pm
 
Forum: Personal Consumer Issues
Topic: How to achieve a balance between "saving" and "living"?!
Replies: 30
Views: 2261

Re: Immediate payable annuity is a bad investment?

I believe that a properly chosen and balanced portfolio of index funds and bond funds taking into account a realistic evaluation of your risk profile is always a better choice economically but perhaps not as appealing psychologically. Better choice economically for your children, but probably not f...
by HomerJ
Fri Sep 19, 2014 2:07 pm
 
Forum: Investing - Theory, News & General
Topic: Immediate payable annuity is a bad investment?
Replies: 45
Views: 2316

Re: Immediate payable annuity is a bad investment?

Annuities are very Bogle. They get you the low risk market rate of return on an actuarial risk of longevity. They are Bogleheadish if the fees are low enough. The fees from most companies are obscene. But I suppose that's not so different from mutual funds. We're talking about SPIAs... the fees on ...
by HomerJ
Thu Sep 18, 2014 5:03 pm
 
Forum: Investing - Theory, News & General
Topic: Immediate payable annuity is a bad investment?
Replies: 45
Views: 2316

Re: Immediate payable annuity is a bad investment?

They do not offer a great return, but they are VERY useful in providing guaranteed lifelong income, which can be very important for those of us without a pension.

They allow you to spend more than you might have, and that's important.
by HomerJ
Thu Sep 18, 2014 3:55 pm
 
Forum: Investing - Theory, News & General
Topic: Immediate payable annuity is a bad investment?
Replies: 45
Views: 2316

Re: Bonds in portfolios ??

All these 100% stock threads are starting to make me nervous...

Seems like they always show up when the market is nearing a top... :)
by HomerJ
Thu Sep 18, 2014 3:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bonds in portfolios ??
Replies: 11
Views: 773

Re: Can You Build Your Retirement Portfolio Young, then Coas

Over 15 years from age 28-43 (I'm 45 now), my wife and I went from 200k net worth to $1.5 million net worth... At the point, we determined we could "coast" to retirement, and my wife retired (she hated her job the last couple of years). We're now living off my salary alone, and saving a L...
by HomerJ
Thu Sep 18, 2014 2:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can You Build Your Retirement Portfolio Young, then Coast?
Replies: 57
Views: 6683

Re: Can You Build Your Retirement Portfolio Young, then Coas

AlohaJoe wrote:After a few decades of living below your means it is usually quite hard to ratchet up the spending.


I do not think that is usually the goal... Usually the goal is the financial freedom to get a lower-paying job (or no job!)
by HomerJ
Thu Sep 18, 2014 2:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can You Build Your Retirement Portfolio Young, then Coast?
Replies: 57
Views: 6683

Re: Can You Build Your Retirement Portfolio Young, then Coas

Over 15 years from age 28-43 (I'm 45 now), my wife and I went from 200k net worth to $1.5 million net worth... At the point, we determined we could "coast" to retirement, and my wife retired (she hated her job the last couple of years). We're now living off my salary alone, and saving a LO...
by HomerJ
Thu Sep 18, 2014 2:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can You Build Your Retirement Portfolio Young, then Coast?
Replies: 57
Views: 6683

Re: What evidence would prove the Boglehead mentality wrong?

"Dare to be average!" When "Average" beats 70% of people trying to pick stocks or using active funds (after expenses), "Average" doesn't look too bad. :) When you try to out-perform the market, there's a chance (a large chance) you will under-perform the market. Thousa...
by HomerJ
Wed Sep 17, 2014 1:50 pm
 
Forum: Investing - Theory, News & General
Topic: What evidence would prove the Boglehead mentality wrong?
Replies: 101
Views: 6164

Re: What evidence would prove the Boglehead mentality wrong?

To me, the "Boglehead mentality" says nothing more, or less, than "diversify, and keep costs down." If one does this, one will efficiently get what the markets have to offer. It says nothing about whether what the markets offer will prove to be satisfactory for one's purposes or...
by HomerJ
Wed Sep 17, 2014 1:45 pm
 
Forum: Investing - Theory, News & General
Topic: What evidence would prove the Boglehead mentality wrong?
Replies: 101
Views: 6164

Re: Hamilton watches, worth the money?

I am surprised how many responding consider $600 purchase extravagant and luxurious considering this forum is based mostly on well off professional people whose net worth is in many hundred thousands if not millions. The REASON I have millions is BECAUSE I consider a $600 watch extravagant. Do you ...
by HomerJ
Tue Sep 16, 2014 11:15 pm
 
Forum: Personal Consumer Issues
Topic: Hamilton watches, worth the money?
Replies: 212
Views: 7213

Re: Hamilton watches, worth the money?

I was going to let this thread go, but I decided to check your suit thread, and someone over there posted something I think was an interesting insight... I think a cheaper suit would work for you better on the long run. It would fit better your lifestyle and protect you from a lifestyle creep. If yo...
by HomerJ
Tue Sep 16, 2014 5:49 pm
 
Forum: Personal Consumer Issues
Topic: Hamilton watches, worth the money?
Replies: 212
Views: 7213

Re: Hamilton watches, worth the money?

I think you're taking this "You guys are misers and are unhappy and don't understand how to enjoy life" a bit too far... Most of us here have our little extravagances... We spend some of our money on pleasurable activities, or toys, or art or jewelry. I don't know why watch threads gets ma...
by HomerJ
Tue Sep 16, 2014 5:30 pm
 
Forum: Personal Consumer Issues
Topic: Hamilton watches, worth the money?
Replies: 212
Views: 7213

Re: Vacation Home

I also agree with others that renting is difficult from such a long distance away... You'll definitely need a management company, and that's going to cost too... My wife and I own a vacation lake condo that we bought last year. But our primary home is paid off, and we paid cash for the condo. We lik...
by HomerJ
Tue Sep 16, 2014 4:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vacation Home
Replies: 27
Views: 2526

Re: Vacation Home

You can probably do it... how much free cash flow do you have a month? Is that $25k a year extra into taxable retirement all that you have left over after expenses? $2000/month extra cash flow is barely enough to add another mortgage payment, plus property taxes, insurance, HOA(?), and home maintena...
by HomerJ
Tue Sep 16, 2014 4:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vacation Home
Replies: 27
Views: 2526

Re: John Hussman, smart guy, should you listen to his foreca

axxs wrote:impossible....what sorcery is this?


Dividends... a lot of financial sites for some unexplainable reason, only show price-to-price... Criminal really.

Always use Morningstar charts since they show re-invested dividends... Dividends add 2% every year to your returns.
by HomerJ
Tue Sep 16, 2014 3:14 pm
 
Forum: Investing - Theory, News & General
Topic: John Hussman, smart guy, should you listen to his forecasts
Replies: 70
Views: 6895

Re: Hamilton watches, worth the money?

I have to say this is a heck of a lot of second guessing and off topic worry about the OP for a mere $600 purchase. This is not a life threatening event. :) He is not asking about a $6,000 watch, or a $60,000 boat after all. Any time you spend 20x-50x-100x more than the base object... you have to s...
by HomerJ
Tue Sep 16, 2014 3:01 pm
 
Forum: Personal Consumer Issues
Topic: Hamilton watches, worth the money?
Replies: 212
Views: 7213

Re: Hamilton watches, worth the money?

Watches are man jewelry and art, they have almost zero functional purpose in the modern world. I completely disagree - in my world they are more important than ever - especially during business meetings. You get far less time making your case in a business meeting than you did 10 years ago - everyo...
by HomerJ
Tue Sep 16, 2014 1:57 pm
 
Forum: Personal Consumer Issues
Topic: Hamilton watches, worth the money?
Replies: 212
Views: 7213

Re: Hamilton watches, worth the money?

+1. I do not understand the hatred towards watches. Mechanical watches are things of beauty. A machinery with tiny pieces working day and night at 1 sec/day accuracy. It's just amazing. If this hatred is due to some stereo typical people/situations, I'd say get over with. Blame the insecurity of pe...
by HomerJ
Tue Sep 16, 2014 1:50 pm
 
Forum: Personal Consumer Issues
Topic: Hamilton watches, worth the money?
Replies: 212
Views: 7213

Re: Best Time Of Year To Visit Mediterranean

We spent two weeks in late Sept/early Oct and it was wonderful...

My niece is getting married in Greece next summer in late August... I wish she would wait just two weeks until mid Sept... There would be less tourists, and the hotels are 50% cheaper. Ah, well... :)
by HomerJ
Mon Sep 15, 2014 5:12 pm
 
Forum: Personal Consumer Issues
Topic: Best Time Of Year To Visit Mediterranean
Replies: 28
Views: 1388

Re: Hamilton watches, worth the money?

Exceed your budget for you only live once. Can't exceed your budget for EVERYTHING... You have to pick and choose... The OP doesn't really seem like a "watch" guy, so it seems silly to spend extravagantly on this particular purchase instead of something else. I wasted my extravagance mone...
by HomerJ
Mon Sep 15, 2014 3:49 pm
 
Forum: Personal Consumer Issues
Topic: Hamilton watches, worth the money?
Replies: 212
Views: 7213

Re: The dangerous practice of rebalancing...

The only reason many made it at all was the never before seen tech bubble of 1980 to 2000 Just FYI, it was seen before in the 1959-1962 bubble... By the end of THAT bull market, any company with the name "-tronics" in it's name was being bid up to high prices even without earnings... just...
by HomerJ
Mon Sep 15, 2014 3:10 pm
 
Forum: Investing - Theory, News & General
Topic: The dangerous practice of rebalancing...
Replies: 182
Views: 12054

Re: Should I purchase retirement home with in-laws?

If they can't afford to buy the entire house right now themselves, then that means money is tight, correct?

What happens if it gets tighter, and they can't make their half of the mortgage payment? Or if they need to pull some equity out to pay for a medical issue or something?
by HomerJ
Mon Sep 15, 2014 2:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I purchase retirement home with in-laws?
Replies: 18
Views: 1284

Re: Hamilton watches, worth the money?

those who don't care about watches wont care, and those who do, wont be impressed. Good point... Seems to be a good case to skip a watch entirely. Besides, who cares if the people who care about watches are impressed or not? I don't know about that. If all I knew about someone was that they wore a ...
by HomerJ
Mon Sep 15, 2014 2:06 pm
 
Forum: Personal Consumer Issues
Topic: Hamilton watches, worth the money?
Replies: 212
Views: 7213

Re: Hamilton watches, worth the money?

Chan_va wrote:those who don't care about watches wont care, and those who do, wont be impressed.


Good point... Seems to be a good case to skip a watch entirely.

Besides, who cares if the people who care about watches are impressed or not?
by HomerJ
Mon Sep 15, 2014 12:59 pm
 
Forum: Personal Consumer Issues
Topic: Hamilton watches, worth the money?
Replies: 212
Views: 7213

Re: Angry when stock market is down

Does anyone else get angry/edgy/cranky on days where the stock market is down? In the last couple of days, I find little things "set me off". But maybe it could also be other factors in my life. For instance, it's annoying to see REITs down 1.8% today. I won't sell, but I'm just annoyed. ...
by HomerJ
Fri Sep 12, 2014 2:35 pm
 
Forum: Investing - Theory, News & General
Topic: Angry when stock market is down
Replies: 79
Views: 3957

Re: Angry when stock market is down

You need to find a way to *NOT* look at markets, and only do so on a regular basis. Start with once a month, then once a quarter, then once a year. Looking at your portfolio once a year is probably healthy. You can really only rebalance with non taxable accounts in any case. I feel like I need to l...
by HomerJ
Fri Sep 12, 2014 11:58 am
 
Forum: Investing - Theory, News & General
Topic: Angry when stock market is down
Replies: 79
Views: 3957

Re: Why COULDN'T we just retire on Social Security?

If you got the house paid off, food and electricity just doesn't cost that much... $30k is plenty of money in a LCOL area. You're not going to travel much, true... but there's usually plenty to do nearby that's free. I have never been a home owner, but based on the discussions with homeowners, I un...
by HomerJ
Fri Sep 12, 2014 11:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Why COULDN'T we just retire on Social Security?
Replies: 66
Views: 5974

Re: Why COULDN'T we just retire on Social Security?

If this is such a swell idea, and can be accomplished so easily, why aren't we hearing from more people who know people who are successful in this? Maybe because they don't exist? I know plenty of people who are retired on $30k a year... My parents spend about that. Too many people on these boards ...
by HomerJ
Fri Sep 12, 2014 11:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Why COULDN'T we just retire on Social Security?
Replies: 66
Views: 5974

Re: Angry when stock market is down

Stop watching the stock market...

See if you can go a month without checking it.
by HomerJ
Fri Sep 12, 2014 10:53 am
 
Forum: Investing - Theory, News & General
Topic: Angry when stock market is down
Replies: 79
Views: 3957

Re: Why COULDN'T we just retire on Social Security?

So let's say a combined $2500 in today's dollars. That is $30,000 a year( if both of you are still surviving, which is a big “IF”) For comparison two people working full time at the federal minimum wage($7.25) would earn $30,160 a year. If you have a paid off house by then and Medicare for health i...
by HomerJ
Fri Sep 12, 2014 10:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Why COULDN'T we just retire on Social Security?
Replies: 66
Views: 5974

Re: Calculated Spending: Cars

bloom2708 wrote:I like the posts where people say do all the right things, but don't forget to live too.


Cars do nothing for me, so I would never spend a ton of money on them.

But I agree with your point... I bought a 30k boat last year. Not until we had our first million though...
by HomerJ
Thu Sep 11, 2014 2:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Calculated Spending: Cars
Replies: 42
Views: 2867

Re: Calculated Spending: Cars

A lot of people see their cars as toys; many others consider them as necessary tools that make daily lives safer and more productive. I belong to the latter group. Having scanned some recent posts, I have not seen ones that discuss about a sensible spending for those who definitely need replacement...
by HomerJ
Thu Sep 11, 2014 2:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Calculated Spending: Cars
Replies: 42
Views: 2867

Re: Jacuzzi Thoughts

We bought a house once that had an outside Jacuzzi... We really enjoy them when we go on vacations, so we thought we'd love having one at our house... We used it about 4 times a year, and after 2-3 years, we emptied it and turned it off, saving us $40/month in electricity bills. (3 years later, we r...
by HomerJ
Thu Sep 11, 2014 11:14 am
 
Forum: Personal Consumer Issues
Topic: Jacuzzi Thoughts
Replies: 7
Views: 439

Re: So, when does a market timer get back in?

There's a difference between new money and old money? Does my money actually know that? I have $500k in the Total Stock Market Index Fund... I can't just pull that out today, and tomorrow say "Well I don't want to lump-sum all this money back into the market... That would be crazy risky!"...
by HomerJ
Wed Sep 10, 2014 11:23 am
 
Forum: Investing - Theory, News & General
Topic: So, when does a market timer get back in?
Replies: 54
Views: 5517

Re: Good Modern Science Fiction

http://www.amazon.com/World-at-End-Time/dp/0345339762/ref=sr_1_1?s=books&ie=UTF8&qid=1410362330&sr=1-1&keywords=the+world+at+the+end+of+time The World at the End of Time by Fred Pohl is one of my very favorite SF books of all time... Also does a great job showing what it would take t...
by HomerJ
Wed Sep 10, 2014 11:20 am
 
Forum: Personal Consumer Issues
Topic: Good Modern Science Fiction
Replies: 129
Views: 5256

Re: Good Modern Science Fiction

Sagenick48 wrote:David Weber, Honor Harrington series, must be about 20 books long now, Eric Flint, the Ring of Fire series. Neither are great science fiction in the sense of Arthur Clarke, but they are highly entertaining.


I like David Weber and the Honor Harrington series as well.
by HomerJ
Wed Sep 10, 2014 11:16 am
 
Forum: Personal Consumer Issues
Topic: Good Modern Science Fiction
Replies: 129
Views: 5256

Re: Good Modern Science Fiction

Kim Stanley Robinson wrote 2 trilogies where he takes the same location and writes 3 different future histories: - California trilogy - Mars trilogy http://www.fantasticfiction.co.uk/r/kim-stanley-robinson/ I think that's not actually the case in the Mars trilogy. That was three different books set...
by HomerJ
Wed Sep 10, 2014 11:15 am
 
Forum: Personal Consumer Issues
Topic: Good Modern Science Fiction
Replies: 129
Views: 5256

Re: Colleague being fleeced by insurance agent / Ponzi Schem

Nisi is right... Mortality credits are separate from stocks and bonds... It's another form of wealth.
by HomerJ
Tue Sep 09, 2014 3:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Colleague being fleeced by insurance agent / Ponzi Scheme?
Replies: 54
Views: 5206

Re: So, when does a market timer get back in?

And, in fact, you were 80% invested in the only 25% drop during the entire period you have been running the strategy; 1/6/09 was the peak between the two bottoms of the 2008-2009 crash, and the market fell 25% from 1/5/09-3/9/09. This is a more than fair point. I'm displaying a selective memory! I ...
by HomerJ
Tue Sep 09, 2014 11:24 am
 
Forum: Investing - Theory, News & General
Topic: So, when does a market timer get back in?
Replies: 54
Views: 5517

Re: When to jump ship?

Jeez. My dreams are still about being naked in front of the class. I've never had that dream, but I STILL (25 years later) have dreams about being late and totally unprepared for an exam for some random class that I've been skipping most of the semester. The brain is so interesting... I wish we kne...
by HomerJ
Tue Sep 09, 2014 10:28 am
 
Forum: Investing - Help with Personal Investments
Topic: When to jump ship?
Replies: 42
Views: 4814

Re: When to jump ship?

I'm taking this at face value and assuming that this is NOT an unnecessarily complicated analogy being substituted for a fairly straight forward market timing question. It's an analogy about when to quit your job and retire... (i.e. jump ship = quit). Scary to do... Do we have enough? Should we sti...
by HomerJ
Mon Sep 08, 2014 9:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: When to jump ship?
Replies: 42
Views: 4814

Re: When to jump ship?

I'm taking this at face value and assuming that this is NOT an unnecessarily complicated analogy being substituted for a fairly straight forward market timing question. It's an analogy about when to quit your job and retire... (i.e. jump ship = quit). Scary to do... Do we have enough? Should we sti...
by HomerJ
Mon Sep 08, 2014 6:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: When to jump ship?
Replies: 42
Views: 4814

Re: When to jump ship?

RadAudit wrote:And, for a small, sinking sailboat, never step down in to a lifeboat - always step up in to a lifeboat. The advice for larger vessels may vary.


What does this mean, by the way?
by HomerJ
Mon Sep 08, 2014 3:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: When to jump ship?
Replies: 42
Views: 4814

Re: When to jump ship?

This chain of islands is called the Sandy Shore Atoll • There are 9 islands in this chain: each one about a mile further away than the next. • These 9 islands have a crazy local nickname: The Islands of Incrementally Greater Perpetual Happiness. • The nearest island provides just the bare essential...
by HomerJ
Mon Sep 08, 2014 3:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: When to jump ship?
Replies: 42
Views: 4814

Re: Good Modern Science Fiction

Bolo books are fun to read too... They are collections of short-stories about Bolos (AI massive tanks) set thousands of years in the future, which I really enjoyed... My favorite part is whenever we get to read what the Bolos are thinking... (super-computer Artifical Intelligence).. Bolo Rising is a...
by HomerJ
Mon Sep 08, 2014 1:15 pm
 
Forum: Personal Consumer Issues
Topic: Good Modern Science Fiction
Replies: 129
Views: 5256

Re: Good Modern Science Fiction

Anything by David Brin He has some VERY creative ideas... He has a series set in his "Uplift Universe".. Start with "Startide Rising" and then "the Uplift War" and see if you like them... He also wrote Kiln People and Glory Season... Both deal with societies where cloni...
by HomerJ
Mon Sep 08, 2014 1:12 pm
 
Forum: Personal Consumer Issues
Topic: Good Modern Science Fiction
Replies: 129
Views: 5256

Re: Colleague being fleeced by insurance agent / Ponzi Schem

Villars, with all due respect, if you think that the only basic building blocks are stocks and bonds, and you are not familiar with annuities, then you might improve your financial acumen and ability to participate in a conversation with an investment professional by learning about these matters. F...
by HomerJ
Mon Sep 08, 2014 10:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Colleague being fleeced by insurance agent / Ponzi Scheme?
Replies: 54
Views: 5206

Re: So, when does a market timer get back in?

Laughing at market timers seems to be popular here, but the answer to the question posed in the subject line is simple. A proper technical trading system tells you when to enter and when to exit. If your strategy is to own stocks when the S&P is above its 200-day moving average, the price cross...
by HomerJ
Sun Sep 07, 2014 1:31 am
 
Forum: Investing - Theory, News & General
Topic: So, when does a market timer get back in?
Replies: 54
Views: 5517

Re: So, when does a market timer get back in?

Certainly agree on the 3 fund portfolio. That's the way I'm going to go....probably stock heavy (75%). My prime concern is that the market is overheating/overheated when people like myself with little financial knowledge are talking about getting in. My folks were burnt in 1986-7 by a similar incid...
by HomerJ
Sun Sep 07, 2014 1:26 am
 
Forum: Investing - Theory, News & General
Topic: So, when does a market timer get back in?
Replies: 54
Views: 5517
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