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Re: Fitbit, Vivofit, or other?

i have the Jawbone Up, a freebie from a conference. I don't think it is considered a leading choice, but I can say that I like the battery life (about a week), which seems to be its main competitive advantage. Vivofit (Garmin makes them) has a battery that lasts a YEAR (no lighted display, so you c...
by HomerJ
Sun Nov 23, 2014 11:41 pm
 
Forum: Personal Consumer Issues
Topic: Fitbit, Vivofit, or other?
Replies: 49
Views: 1641

Re: 23 year old... Can I afford a Rolex?

Driving on the freeway. Seriously, your car doesn't have a clock in it? My first (and only) new car didn't have a clock because I thought spending $100 on a clock was ridiculous. And that was 20 years ago, before I had a cell phone. Now I buy used cars, so I don't get the option to decline certain ...
by HomerJ
Sun Nov 23, 2014 10:55 pm
 
Forum: Personal Consumer Issues
Topic: 23 year old... Can I afford a Rolex?
Replies: 133
Views: 6800

Re: 23 year old... Can I afford a Rolex?

The problem I have is that is it SO MUCH MORE... Paying 2x the normal price of an item could be justified by quality. Maybe even 5x... But you can get a decent watch for less than $50... So you're paying 100x more for the Rolex... It sounds as crazy to me as someone buying a $50,000 TV that is nearl...
by HomerJ
Sun Nov 23, 2014 3:58 pm
 
Forum: Personal Consumer Issues
Topic: 23 year old... Can I afford a Rolex?
Replies: 133
Views: 6800

Re: How should wife counter salary offer within current co.?

The problem with trying to negotiate in a situation like this is you have no leverage. My experience is promotional increases over 10% are unusual. I am not saying they are unheard of, just not the norm. But going to a new company, salary increases over 10% ARE the norm... Hmm... how come companies...
by HomerJ
Sun Nov 23, 2014 1:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: How should wife counter salary offer within current co.?
Replies: 42
Views: 3261

Re: How should wife counter salary offer within current co.?

HR probably doesn't have a lot of room. Talk to the hiring manager, whoever will be her direct supervisor. This person will have more power to change the offer. HR has plenty of room when you're getting hired from the outside though... I never understood why companies lowball their internal people ...
by HomerJ
Sat Nov 22, 2014 11:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: How should wife counter salary offer within current co.?
Replies: 42
Views: 3261

Re: How should wife counter salary offer within current co.?

Jack FFR1846 wrote:Take the job at the offered amount

Search, interview, get better offer, leave

Simple as that


This.
by HomerJ
Sat Nov 22, 2014 11:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: How should wife counter salary offer within current co.?
Replies: 42
Views: 3261

Re: What would be the investing strategy for a coming crash?

I get off the tracks in that scenario, but that's just me. Some walking down railroad tracks stay the course and ignore the noise. Not sure what they recommend in the case of a visual sighting of said train. The problem is that you might never see the train coming, just a bunch of people telling yo...
by HomerJ
Sat Nov 22, 2014 10:46 pm
 
Forum: Investing - Theory, News & General
Topic: What would be the investing strategy for a coming crash?
Replies: 49
Views: 3720

Re: What would be the investing strategy for a coming crash?

It's a good idea to ALWAYS have an Asset Allocation that you could live with if a 50% crash happens tomorrow. Do not try to figure out when that 50% crash will happen... Assume it will start tomorrow, and be prepared today. Do not try to time the market. It cannot be done. Don't make changes to your...
by HomerJ
Sat Nov 22, 2014 1:04 am
 
Forum: Investing - Theory, News & General
Topic: What would be the investing strategy for a coming crash?
Replies: 49
Views: 3720

Re: how to make money like a billionaire

ArthurO wrote:still can find some 3% deals but yield needs to be streached to 7 or 10 years, I prefer 5, but will streach duration to get the 3%.


Then inflation is definitely a real risk for you.
by HomerJ
Thu Nov 20, 2014 10:16 pm
 
Forum: Investing - Theory, News & General
Topic: how to make money like a billionaire
Replies: 116
Views: 9415

Re: how to make money like a billionaire

great depression was the closest drop to 90% I mention and noone was killing each other... people just lost lots of money and stayed in line is soup kitchens just to eat, I chose 90% loss as a hypothetical example that downside should be accounted for. And in 100% equity portfolio 90% drop means fr...
by HomerJ
Thu Nov 20, 2014 10:09 pm
 
Forum: Investing - Theory, News & General
Topic: how to make money like a billionaire
Replies: 116
Views: 9415

Re: Advice needed for next 10 years: Save, spend borrow?

1) Some said to cut retirement spending. I may end up doing that, but I plan to exhaust other options first. The only option I'm not sure about is using a HELOC. In the past I have used a HELOC as short-term money. Currently, my HELOC is at 3% (and tax-deductible). I wouldn't mind using it a bit if...
by HomerJ
Thu Nov 20, 2014 12:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice needed for next 10 years: Save, spend borrow?
Replies: 27
Views: 3913

Re: Extreme Generosity / Limiting Net Worth

Oh man, if we were staying in the Northeast we would blow through $106k like tissue paper. Our burn rate here is $95k, and we are renters with only one young child right now, taking no vacations and almost never eating out. It's crazy. Just rent and health insurance add up to more than the median i...
by HomerJ
Thu Nov 20, 2014 11:03 am
 
Forum: Personal Consumer Issues
Topic: Extreme Generosity / Limiting Net Worth
Replies: 113
Views: 9768

Re: Extreme Generosity / Limiting Net Worth

But our ultimate destination is likely to be a southern US city with low cost of living. When I saw nice home, I mean a ~$400,000, 3,500 sqft place on a half-acre lot. I love the south. Oh, yeah, 100k income in the south or mid-west is a very nice lifestyle with a very nice house, and plenty of goo...
by HomerJ
Thu Nov 20, 2014 10:57 am
 
Forum: Personal Consumer Issues
Topic: Extreme Generosity / Limiting Net Worth
Replies: 113
Views: 9768

Re: Trapped deciding between 2 Jobs: Can I renege on my offe

The bottomline is that although I love Company A, there are 2 problems. (1) It's a startup and I am unsure if they will be around for the long term. (2) They don't seem to invest much in the professional development of their hires. IF, and I stress if, I get promoted to a full-time hire and the sta...
by HomerJ
Thu Nov 20, 2014 1:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Trapped deciding between 2 Jobs: Can I renege on my offer?
Replies: 36
Views: 2902

Re: how to make money like a billionaire

Arthur, there is a lot of area between 100% stocks, and 100% CDs... Very few of us here espouse 100% stocks when one has a million dollars and you are less than 20 years from retirement. Most of us DO plan for a 50% market drop or even a 90% market drop by having a solid percentage of money in bonds...
by HomerJ
Wed Nov 19, 2014 10:38 pm
 
Forum: Investing - Theory, News & General
Topic: how to make money like a billionaire
Replies: 116
Views: 9415

Re: Extreme Generosity / Limiting Net Worth

^ I agree. My DW and I live on a good bit less than than the median family income and our life is IMO full of absurd luxuries. I picked the 1x median income as a concession to the OP. I figured that asking someone to drop their spending by half was already asking a lot. :) Fair point. As I mentione...
by HomerJ
Wed Nov 19, 2014 9:28 pm
 
Forum: Personal Consumer Issues
Topic: Extreme Generosity / Limiting Net Worth
Replies: 113
Views: 9768

Re: Retired Bogleheads want to relocate to California

We are retired and are fortunate enough to be able to rent a condo (1200 sq. ft., 2 bedroom, walk to beach in 10minutes) in San Clemente. Has that small town feel, great beach, fishing from the pier (no license required even if out-of-state). We do this about 4-5month/year during the winter and get...
by HomerJ
Wed Nov 19, 2014 4:56 pm
 
Forum: Personal Consumer Issues
Topic: Retired Bogleheads want to relocate to California
Replies: 114
Views: 8353

Re: how to make money like a billionaire

therefore taking this thinking one step further, once you won the game you can afford to take more risks because having a lot and losing 50% from a lot is still a lot.... The point is, they've won the game... They can decide not to risk much anymore because they've already won, or they could even r...
by HomerJ
Wed Nov 19, 2014 4:12 pm
 
Forum: Investing - Theory, News & General
Topic: how to make money like a billionaire
Replies: 116
Views: 9415

Re: how to make money like a billionaire

therefore taking this thinking one step further, once you won the game you can afford to take more risks because having a lot and losing 50% from a lot is still a lot.... The point is, they've won the game... They can decide not to risk much anymore because they've already won, or they could even r...
by HomerJ
Wed Nov 19, 2014 2:41 pm
 
Forum: Investing - Theory, News & General
Topic: how to make money like a billionaire
Replies: 116
Views: 9415

Re: I may not make my retirement goals! What to do?

we all know that valuations are critical when looking at long term performance. What shall I do? It makes a difference, but I wouldn't say it's critical. Investing at all the peaks of the last century (and only the peaks) still made you some decent money. Anyone who invested 100% in stocks in 2000 ...
by HomerJ
Wed Nov 19, 2014 2:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: I may not make my retirement goals! What to do?
Replies: 49
Views: 3344

Re: getting paid for Excel work

Make sure you get that spreadsheet back to him early so he can retype it... :) Biff Tannen: And where's my reports? George McFly: Well, I haven't finished those up yet, but you know, I... I figured since they weren't due till... Biff Tannen: Hello? Hello? Anybody home? Huh? Think, McFly. Think! I go...
by HomerJ
Wed Nov 19, 2014 11:49 am
 
Forum: Personal Consumer Issues
Topic: getting paid for Excel work
Replies: 9
Views: 2042

Re: how to make money like a billionaire

1. Don’t lose. Every single one of these masters, while driven to deliver extraordinary returns, is more obsessed with not losing money. Even the world’s greatest hedge fund managers, who you’d think would be comfortable taking huge risks, are actually laser-focused on protecting their downside. Fr...
by HomerJ
Wed Nov 19, 2014 11:43 am
 
Forum: Investing - Theory, News & General
Topic: how to make money like a billionaire
Replies: 116
Views: 9415

Re: how to make money like a billionaire

new businesses are very risky but potential for reward is huge, not that I have any experience as I have never owned a business so far, but I am yet to meet a person with net worth of 10M or more who didn't do it through entrepreneurial skills of some sort... How is this relevant to you? Do you nee...
by HomerJ
Wed Nov 19, 2014 11:14 am
 
Forum: Investing - Theory, News & General
Topic: how to make money like a billionaire
Replies: 116
Views: 9415

Re: how to make money like a billionaire

The OP Seems to live in an area that might smell like the area under a bridge....just saying.... Each to his own. I will take my 16% ROI over the last 10 yrs or so vs CD rates. My gripe today, 40 2026 5.25% year tax free muni bonds were called as of Dec 6. :oops: yes each to his own, for your sake ...
by HomerJ
Tue Nov 18, 2014 10:52 pm
 
Forum: Investing - Theory, News & General
Topic: how to make money like a billionaire
Replies: 116
Views: 9415

Re: how to make money like a billionaire

Billionaires didn't become that way via CDs.

AFTER they've made their money, they are now focused on keeping it.

You're still in the accumulating phase, so any lessons you get from billionaires may not apply to you.
by HomerJ
Tue Nov 18, 2014 5:59 pm
 
Forum: Investing - Theory, News & General
Topic: how to make money like a billionaire
Replies: 116
Views: 9415

Re: Is buying organic worth it financially in the long term?

Alright, Ged, I'm still sporting a black eye from the first round of Paper Chase (damn you Huffington Post), but we didn't give up when the Germans bombed Pearl Harbor…. A joke, or another call for a black eye? Victoria The movie Animal House :) Bluto: What? Over? Did you say "over"? Noth...
by HomerJ
Tue Nov 18, 2014 3:44 pm
 
Forum: Personal Consumer Issues
Topic: Is buying organic worth it financially in the long term?
Replies: 124
Views: 5600

Re: Extreme Generosity / Limiting Net Worth

The CEO of a company I worked for years ago lived a middle class lifestyle, took good care of his family, and gave bundles of money away, mostly to his church. He was also a very decent person. I think these things are not unrelated. Diogenes could not find a CEO like that now, I think. That descri...
by HomerJ
Tue Nov 18, 2014 11:46 am
 
Forum: Personal Consumer Issues
Topic: Extreme Generosity / Limiting Net Worth
Replies: 113
Views: 9768

Re: Cost to furnish a condo

livesoft wrote:In the style of Nouveau Grad Student, I think it would take less than $100.


Ah, milk crates... how I miss you...

Image
by HomerJ
Tue Nov 18, 2014 10:45 am
 
Forum: Personal Consumer Issues
Topic: Cost to furnish a condo
Replies: 29
Views: 2663

Re: Cost to furnish a condo

We are thinking about downsizing from a single family home, 3 bedrooms, 3 baths to a 2 bedroom condo. One thought is to take very little if any of the furniture with us. What do you think would be a rough cost of furnishing a 2 bedroom, 2 bath, living room, dining room, kitchen with new stuff....wi...
by HomerJ
Tue Nov 18, 2014 10:42 am
 
Forum: Personal Consumer Issues
Topic: Cost to furnish a condo
Replies: 29
Views: 2663

Re: Whole Life Insurance vs. 401k Contributions

Deepsea wrote:My kids will inherit more because I will have insurance Inforce until I die.


Nope, because my pile of money will grow larger than even the death benefit of your whole life, because I won't be giving 2%-3% to the insurance company every year.

But let's agree to disagree.
by HomerJ
Mon Nov 17, 2014 5:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Whole Life Insurance vs. 401k Contributions
Replies: 59
Views: 3667

Re: Whole Life Insurance vs. 401k Contributions

Deepsea wrote:Ps if you can tell me where I can get a SAFE compounded----and TAX FREE

7% rate of return.....I am all ears.....

I haven't seen it yet.


Whole life returned 6%-7% in the past... during the time that bonds returned 9%

There is no whole life product today that is returning a guaranteed 7%.
by HomerJ
Mon Nov 17, 2014 5:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Whole Life Insurance vs. 401k Contributions
Replies: 59
Views: 3667

Re: Extreme Generosity / Limiting Net Worth

I followed up on the Notre Dame link from earlier in the survey and they have some fascinating stats. Giving 10% of income (they didn't define gross or net) puts you in the top 3% of givers nationally. 85% of Americans give less than 2%. Shocking! Don't be too impressed with yourself. You have good...
by HomerJ
Mon Nov 17, 2014 4:26 pm
 
Forum: Personal Consumer Issues
Topic: Extreme Generosity / Limiting Net Worth
Replies: 113
Views: 9768

Re: How Not to Retire

a plan C of moving to a small apartment, selling the car, making it on social security alone and enjoying life as much as our health lets us, even if that means no entertainment other than library books and sitting in the park on sunny days. It's still a way nicer life than much of the third world....
by HomerJ
Mon Nov 17, 2014 4:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Not to Retire
Replies: 67
Views: 6889

Re: Whole Life Insurance vs. 401k Contributions

Deepsea wrote:If you want a death benefit to go to your loved ones if you live to old age-----then term insurance solely is not the answer.


My kids will inherit MORE money when I die because I didn't buy whole life insurance.
by HomerJ
Mon Nov 17, 2014 1:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Whole Life Insurance vs. 401k Contributions
Replies: 59
Views: 3667

Re: Whole Life Insurance vs. 401k Contributions

However the key to buying life insurance is realizing that the deal gets better the longer you keep it, and if it's a good policy, written by a good company then it generally makes sense to keep it if you have had it for say 15 to 20 years. But it NEVER gets good enough to beat just buying term lif...
by HomerJ
Mon Nov 17, 2014 12:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Whole Life Insurance vs. 401k Contributions
Replies: 59
Views: 3667

Re: Extreme Generosity / Limiting Net Worth

I will be very careful here as it would be a shame to violate BH laws and talk about something off topic. Yesterday (Sunday) I went to a weekly gathering in which a lecture was given discussing the talents people have and the responsibility we have to utilize these talents. The lecturer referenced ...
by HomerJ
Mon Nov 17, 2014 12:04 pm
 
Forum: Personal Consumer Issues
Topic: Extreme Generosity / Limiting Net Worth
Replies: 113
Views: 9768

Re: Extreme Generosity / Limiting Net Worth

I am considering doing this – limiting annual cash spending to double the Median Family Income ($106k in today’s dollars), and limiting net worth to a number in the low single-digit millions. Wife is on board, and we plan on 3-4 kids. The impetus for the decision is a careful consideration of how o...
by HomerJ
Mon Nov 17, 2014 11:58 am
 
Forum: Personal Consumer Issues
Topic: Extreme Generosity / Limiting Net Worth
Replies: 113
Views: 9768

Re: Extreme Generosity / Limiting Net Worth

Workinghard, you seem to be in a similar place to where I'll be after school. When net worth is below a basic level of provision (i.e. mortage is not yet paid off, college funds aren't finished yet, etc), there is a very interesting question of giving versus saving when it comes to the money left o...
by HomerJ
Mon Nov 17, 2014 11:45 am
 
Forum: Personal Consumer Issues
Topic: Extreme Generosity / Limiting Net Worth
Replies: 113
Views: 9768

Re: Extreme Generosity / Limiting Net Worth

I am considering doing this – limiting annual cash spending to double the Median Family Income ($106k in today’s dollars), and limiting net worth to a number in the low single-digit millions. Wife is on board, and we plan on 3-4 kids. You're still planning on kids... It seems early to be gifting a ...
by HomerJ
Mon Nov 17, 2014 11:19 am
 
Forum: Personal Consumer Issues
Topic: Extreme Generosity / Limiting Net Worth
Replies: 113
Views: 9768

Re: Whole Life Insurance vs. 401k Contributions

I calculate your return as 4.73% 22 years ago you could buy a treasury paying 8%. Wow, whole life returned 3% less than bonds... Wait, haven't fees for whole life been calculated at about 3%? It's almost like the insurance company just invests in bonds, then keeps a huge chunk of the return for the...
by HomerJ
Mon Nov 17, 2014 2:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Whole Life Insurance vs. 401k Contributions
Replies: 59
Views: 3667

Re: Whole Life Insurance vs. 401k Contributions

I was thinking more like a 10 pay after 15 to 20 years. Yes it's a long time. Yes the return in the first 10 years stinks. But it gets better and better as the years go by. For me it's like EE bonds but better. http://whitecoatinvestor.com/debunking-the-myths-of-whole-life-insurance/ I recently ana...
by HomerJ
Sun Nov 16, 2014 12:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Whole Life Insurance vs. 401k Contributions
Replies: 59
Views: 3667

Re: Thinking about buying an individual stock NSC

All I'm saying is telling me some stock has done really well since 2009 doesn't really tell us much about its future prospects.
by HomerJ
Sat Nov 15, 2014 10:28 am
 
Forum: Investing - Theory, News & General
Topic: Thinking about buying an individual stock NSC
Replies: 55
Views: 3688

Re: Thinking about buying an individual stock NSC

Just like any other business, there are challenges, but it is pretty clear why Warren Buffett and Charlie Munger wrote a big check for BNSF a few years ago. Earlier this week it was reported that BNSF has already paid in dividends to Berkshire Hathaway the entire purchase price in 2009. That is a h...
by HomerJ
Fri Nov 14, 2014 11:35 pm
 
Forum: Investing - Theory, News & General
Topic: Thinking about buying an individual stock NSC
Replies: 55
Views: 3688

Re: Thinking about buying an individual stock NSC

Riptide...NS is not going thru tough times, more like "difficult" in handling the higher volumes. They will work it out. Rail is not very scaleable... If demand for rail doubles, NSC can't just double the trains and make double the profit. They may need to lay down new track as well. If t...
by HomerJ
Fri Nov 14, 2014 2:22 pm
 
Forum: Investing - Theory, News & General
Topic: Thinking about buying an individual stock NSC
Replies: 55
Views: 3688

Re: Thinking about buying an individual stock NSC

I need a little excitement. It's so boring coming from 100% stocks to index funds. I only want to hold 5% in a strong, blue chip, company. This is very dangerous. If you want excitement, go to Vegas... You should not be gambling with your portfolio. I hope you can limit yourself to 5%. I see you ge...
by HomerJ
Fri Nov 14, 2014 2:05 pm
 
Forum: Investing - Theory, News & General
Topic: Thinking about buying an individual stock NSC
Replies: 55
Views: 3688

Re: Thinking about buying an individual stock NSC

I need a little excitement. It's so boring coming from 100% stocks to index funds. I only want to hold 5% in a strong, blue chip, company. This is very dangerous. If you want excitement, go to Vegas... You should not be gambling with your portfolio. I hope you can limit yourself to 5%. I see you ge...
by HomerJ
Fri Nov 14, 2014 1:56 pm
 
Forum: Investing - Theory, News & General
Topic: Thinking about buying an individual stock NSC
Replies: 55
Views: 3688

Re: Parents can be forced to pay college tuition in NJ?

toto238 wrote:But in today's modern world, post-secondary education has become standard in order for the average person to be able to function in society.


You realize that only 28% of Americans ages 25+ have a bachelor's degree or higher, right?

http://quickfacts.census.gov/qfd/states/00000.html
by HomerJ
Fri Nov 14, 2014 1:19 pm
 
Forum: Personal Consumer Issues
Topic: Parents can be forced to pay college tuition in NJ?
Replies: 31
Views: 1874

Re: Does anyone here make "fun" purchases.

That being said, I am decorating my brand new townhouse and found absolutely gorgeous curtains that will run me about 5K. I love them, can afford them but the decision was met with derision. One person told me that I must be trying to elevate my status with them (?????) Main points seem to be that ...
by HomerJ
Fri Nov 14, 2014 12:24 pm
 
Forum: Personal Consumer Issues
Topic: Does anyone here make "fun" purchases.
Replies: 111
Views: 6498

Re: Consider freezing your credit

dad2000 wrote:I use one-time credit card numbers for online purchases.


Where do you get these?
by HomerJ
Fri Nov 14, 2014 12:11 pm
 
Forum: Personal Consumer Issues
Topic: Consider freezing your credit
Replies: 45
Views: 3588

Re: When do you know it is time to switch jobs?

I've been told many times that my skills are valued but the compensation doesn't match the praise that I've received. There are some financial issues within the company and that is part of it as well. This is typical in IT. Very few companies will give you 20% raises, just because you're 100% more ...
by HomerJ
Fri Nov 14, 2014 1:28 am
 
Forum: Personal Consumer Issues
Topic: When do you know it is time to switch jobs?
Replies: 37
Views: 3994
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