Search found 315 matches

by burt
Sat Aug 15, 2015 6:50 pm
Forum: Investing - Help with Personal Investments
Topic: Animal cruelty free mutual Funds
Replies: 37
Views: 2309

Re: Animal cruelty free mutual Funds

sschullo wrote:
trebordet wrote:
Besides there is so much cruelty in this cruel world, how can one
possibly avoid any?!

At least she's trying.

+1 good for her!


+1

Read or watch the news.
I prefer the company of my dog.

burt
by burt
Fri Aug 14, 2015 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: The Good the Bad and the Ugly of real estate
Replies: 82
Views: 11550

Re: The Good the Bad and the Ugly of real estate

Basics for human survival. Food, Clothing, Shelter.

Shelter has turned into a profiteering casino.
Look at history. It's happened before.
Lets see how this turns out.

burt
by burt
Sat Aug 08, 2015 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Sale of Grandmother's Home
Replies: 15
Views: 1304

Re: Help with Sale of Grandmother's Home

[/quote]

Unless you want the house yourself, simplify and sell![/quote]

+1

Recently went through this situation. Sell it and be done.

burt
by burt
Sat Aug 08, 2015 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: "A different kind of retirement calculator"
Replies: 32
Views: 4526

Re: "A different kind of retirement calculator"

Taylor, it seems to be one of the most conservative calculators out there. Do you agree and if so why is that? Thanks tennisplyr: Sorry, I cannot answer your question because I've never used a retirement calculator. This earlier post explains: Safe Withdrawal Rates ? Complexity vs. Simplicity Postb...
by burt
Sat Aug 08, 2015 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Consumer Reports Makes Significant Changes to Car Buying Service
Replies: 19
Views: 2612

Re: Consumer Reports Makes Significant Changes to Car Buying Service

Consumer Reports has done, what I consider, less than ideal practices over the past few years. When I signed up for their website, I was enrolled in automatic renewal. I've always hated that. Fortunately I had the option (after searching) to change it. This is clearly more in Consumer Report's best...
by burt
Sat Aug 01, 2015 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring in a few days
Replies: 32
Views: 3819

Re: Retiring in a few days

Good for you. Wishing you the best.
I will be joining the class of 2015 later this year.

burt
by burt
Fri Jul 31, 2015 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with low raise
Replies: 71
Views: 5320

Re: Frustrated with low raise

I'm really valuable when I'm needed.
Not so much when I'm not.

burt
by burt
Fri Jul 31, 2015 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Federal Employment
Replies: 86
Views: 9257

Re: Thoughts on Federal Employment

joe8d wrote:Take the Federal job.


Job security, benefits, low stress........ hard to beat.

If I was to do it over......

burt
by burt
Fri Jul 31, 2015 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Frustrated with low raise
Replies: 71
Views: 5320

Re: Frustrated with low raise

rgs92 wrote:And last but not least, be grateful you're not a contractor, who can be out in the cold with no notice and no reason, which is where the whole private sector employment market is heading.


I wonder if everyone in the future will be Uberized (independent contractor).


burt
by burt
Sun Jul 26, 2015 8:34 am
Forum: Investing - Theory, News & General
Topic: Scott Burns – Don’t quit your day job.
Replies: 103
Views: 10614

Re: Scott Burns – Don’t quit your day job.

GoldenFinch wrote:Burt, from the looks of your picture, I think you have an alternative plan! :happy



Yes, frugality and simplicity is a key component of my retirement plan.
However, I do plan to splurge a bit and buy a nice bathrobe for when I venture out in public. :wink:

burt
by burt
Sun Jul 26, 2015 7:00 am
Forum: Investing - Theory, News & General
Topic: Scott Burns – Don’t quit your day job.
Replies: 103
Views: 10614

Scott Burns – Don’t quit your day job.

Interesting article from Scott Burns, regarding low future returns. “Retirement will be more difficult in the next thirty years than in the last thirty years.” As someone planning to retire this year, the article gave me reason to pause…. http://assetbuilder.com/scott_burns/the_high_cost_of_low_retu...
by burt
Sun Jun 28, 2015 9:55 am
Forum: Investing - Theory, News & General
Topic: What was the 2008 crash like in real time?
Replies: 220
Views: 25175

Re: What was the 2008 crash like in real time?

This wasn't a part of the stock market crash, but related. Families selling or moving up in the housing market got trapped as they home equity evaporated. Some unlucky ones could have sold their home for a profit early in the decline, but - hoping for a few thousand more - followed the housing mark...
by burt
Sun Jun 28, 2015 9:31 am
Forum: Investing - Theory, News & General
Topic: What was the 2008 crash like in real time?
Replies: 220
Views: 25175

Re: What was the 2008 crash like in real time?

I guess its the cynic in me but most of the stories here imply things have significantly changed and we are in the clear. QE1, QE2, and QE3 have been applied over 7 years. Trillions added to the Fed balance sheet. Fed still can't raise interest rates. We are still in the 2008 crash. We have just be...
by burt
Thu Jun 18, 2015 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: Change of heart on bonds
Replies: 29
Views: 4603

Re: Change of heart on bonds

I consider myself to be very lucky with the fast recovery of stocks from 2008.
Most of the recovery is due to fiscal policy v.s. sound valuation.
Next time I might not be so lucky. (sequence of returns).

Age 59
30/70 stock-bond

burt
by burt
Mon May 25, 2015 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: much ado about coasting (through life)
Replies: 256
Views: 35726

Re: much ado about coasting (through life)

I worked 60 hours a week throughout my 20's, sometimes more. After work I was always satisfied walking around my awful studio apartment, petting my dog, researching dumb things on the internet, and generally doing nothing. I told myself it was because I was exhausted and needed to unwind. After a f...
by burt
Fri May 22, 2015 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 169
Views: 13420

Re: How much does social security factor into your retirement income?

While I hope to have enough that I wouldn't need SS, I fully expect it to still be there and still paying out near 100% for people like me (i.e. not a high enough earner or high enough net worth to get means tested out). Also, with my expenses and the spousal benefit, I expect SS to cover ~95% of o...
by burt
Fri May 22, 2015 7:29 am
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 169
Views: 13420

Re: How much does social security factor into your retirement income?

While I hope to have enough that I wouldn't need SS, I fully expect it to still be there and still paying out near 100% for people like me (i.e. not a high enough earner or high enough net worth to get means tested out). Also, with my expenses and the spousal benefit, I expect SS to cover ~95% of o...
by burt
Thu May 21, 2015 6:16 am
Forum: Personal Finance (Not Investing)
Topic: WP: Five big banks agree to pay more than $5 billion to settle regulatory charges
Replies: 6
Views: 941

Re: WP: Five big banks agree to pay more than $5 billion to settle regulatory charges

As shareholders of funds that have bank stocks.... is it fair to say that most of us on this board are indirectly paying this fine ?

:shock:

burt
by burt
Sat May 16, 2015 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 169
Views: 13420

Re: How much does social security factor into your retirement income?

For those who say SS factor is zero.......... better step up your saving. You'll probably need an extra cool million to replace it. burt Done. It's a sticky wicket. "If you want to retire early, what matters is not how much you save, but how much more than everyone else you save. In a world wh...
by burt
Sat May 16, 2015 9:45 am
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 169
Views: 13420

Re: How much does social security factor into your retirement income?

How much does social security factor into your retirement income ?

A lot.
1/3 of my retirement income when I start drawing in a few years.

For those who say SS factor is zero.......... better step up your saving.
You'll probably need an extra cool million to replace it.

burt
by burt
Sat May 16, 2015 6:17 am
Forum: Personal Finance (Not Investing)
Topic: Chasing the Big Dogs
Replies: 16
Views: 2410

Chasing the Big Dogs

Interesting article from Scott Burns. Distribution of net worth by age group. Some thoughts: - Median net worth looks much lower than I would have expected. - I am very glad to have a modest pension. - Maybe just maybe, I'm stepping just into the top 10% ..... and that ain't high living. http://asse...
by burt
Wed May 13, 2015 7:52 am
Forum: Personal Consumer Issues
Topic: I Hate Vacations
Replies: 113
Views: 10722

Re: I Hate Vacations

Image
by burt
Wed May 13, 2015 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Post- Retirement Jobs
Replies: 18
Views: 2475

Re: Post- Retirement Jobs

Maybe I've been in the professional workforce too long, but the consensus here seems to be that if you are out long enough (and particularly if you are over 50, and 55 agh! LOL) you are considered too rusty to return - the pattern I've seen in my work community (white collar professionals) is go bi...
by burt
Fri May 08, 2015 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: much ado about coasting (through life)
Replies: 256
Views: 35726

Re: much ado about coasting (through life)

Slacker's Unite !

Image
by burt
Tue Apr 28, 2015 9:40 am
Forum: Personal Consumer Issues
Topic: [new position, facing an] hour commute (each way)
Replies: 52
Views: 4058

Re: [new position, facing an] hour commute (each way)

Regarding a long commute:

There is a reason why housing in the burbs is half the cost of city housing.
People will pay big money to avoid the commute.

burt
by burt
Tue Apr 21, 2015 4:46 am
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 181
Views: 23811

Re: Bernstein: "If you've won the game, stop playing."

Yes, this is probably it. From 1940 to 1985 (a 45 years span!), in real dollars, intermediate term treasury (US) bonds lost more than 30% from their 1940 value, even 40% (!!) in the early 80s, before *finally* starting to recover in the mid 80s and 90s. It started by a 30% drop during the first dec...
by burt
Sat Apr 18, 2015 7:16 pm
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 181
Views: 23811

Re: Bernstein: "If you've won the game, stop playing."

[/quote] See a lot of posts about losing it all 2008, 2010, will never do that again, etc, and don't quite understand. Can you please explain? Didn't you end up earning it back, or did you cash out? We lost too, what 45% or more?, but stayed in and it came back. Unfortunately didn't know about TLH t...
by burt
Sat Apr 18, 2015 8:29 am
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 181
Views: 23811

Re: Bernstein: "If you've won the game, stop playing."

For those of us near retirement with modest means….. Mathematics of Loss and Sequence of Returns is a big deal. The early years of retirement set the stage for the remaining years. I suggest reading Jim Otar’s book “Unveiling the Retirement Myth”. Like William Bernstein, he speaks directly. 30/70, s...
by burt
Sun Apr 05, 2015 8:59 am
Forum: Investing - Theory, News & General
Topic: Did you learn anything from 2008?
Replies: 105
Views: 9995

Re: Did you learn anything from 2008?

When Bengen did his study he cited the 5 year Treasury returning 5.1% against 3% inflation. As a comparison, if interest rates go up 1% that treasury drops 5% but now yields 6.1% and the recovery time is under a year. Perhaps a year and change if you adjust for the CPI. Take today's 5 year yielding...
by burt
Sun Feb 22, 2015 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Cost basis of ESPP shares
Replies: 8
Views: 680

Re: Cost basis of ESPP shares

This issue is also discussed in https://www.bogleheads.org/forum/viewtopic.php?f=2&t=159031&p=2387064#p2387064 I am posting my response from that thread: It's not that Etrade does not want to provide the cost basis information. You have the IRS to thank for this confusion. The IRS issued a ...
by burt
Sun Feb 22, 2015 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Cost basis of ESPP shares
Replies: 8
Views: 680

Re: Cost basis of ESPP shares

I get 15% discount on ESPP shares. So shares worth 100 are bought at 85. After couple of years, say i sell them at 120 giving a gain of 35. I am seeing that in tax form broker is saying cost basis is 85 and reporting to IRS. Also on W2 15 dollar is shown as income and broker is providing a suppleme...
by burt
Tue Feb 17, 2015 7:50 am
Forum: Personal Finance (Not Investing)
Topic: When would you retire money no object?
Replies: 64
Views: 4085

Re: When would you retire money no object?

hoppy08520 wrote:
Dutch wrote:Today

Well, that didn't take long -- one minute after the starting post.

I'll second Dutch with another vote for "today".


Here's another "today". :beer

burt
by burt
Tue Feb 17, 2015 7:10 am
Forum: Investing - Theory, News & General
Topic: Average amount saved for retirement by age
Replies: 133
Views: 29384

Re: Average amount saved for retirement by age

I think there is going to be a time of serious reckoning in the next five to ten years when this sizable part of the population with much lower income/saving intersects with their current lifestyle/expenses. They are not going to make it with a few cut backs here and there. Any thoughts? The averag...
by burt
Fri Feb 13, 2015 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing with problematic tenants.
Replies: 56
Views: 4058

Re: Dealing with problematic tenants.

ShiftF5 wrote:
burt wrote:Ohhhh Man, I like REIT's.

burt


You beat me to it.

I'd sell it and put the money in Total Stock Market Index and leave it.

"I never got a phone call from the stock market" 8-)


Nothing like sitting on my behind while making money.

Sometimes.......... I feel like a rich man.

burt
by burt
Fri Feb 13, 2015 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing with problematic tenants.
Replies: 56
Views: 4058

Re: Dealing with problematic tenants.

Ohhhh Man, I like REIT's.

burt
by burt
Fri Feb 13, 2015 7:45 pm
Forum: Investing - Theory, News & General
Topic: Is "Financial Independence" the new "Retirement?"
Replies: 52
Views: 7422

Re: Is "Financial Independence" the new "Retirement?"

Interesting topic. Currently watching "The Men Who Built America". History Channel program now on Netflix. Vanderbilt, Carnegie, JP Morgan. A number I can't get out of my mind ... 1 in 11 steelworkers died per year in the late 1800's. The pendulum is swinging back. Yes, Financial Independe...
by burt
Sat Feb 07, 2015 4:50 pm
Forum: Investing - Theory, News & General
Topic: Vanguard and Corporate Governance
Replies: 7
Views: 738

Re: Vanguard and Corporate Governance

Voting proxies is one thing.... I guess I was thinking about large institutional investors stepping it up a notch. $3 trillion is a lot of weight to throw around. burt Beyond voting proxies, I'm not sure that Vanguard would or should be up to engaging corporate leaders at an individual company leve...
by burt
Sat Feb 07, 2015 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Advantages of working past your number
Replies: 53
Views: 4546

Re: Advantages of working past your number

Raybo wrote:Dying with more money.


:beer

burt
by burt
Sat Feb 07, 2015 8:31 am
Forum: Investing - Theory, News & General
Topic: Vanguard and Corporate Governance
Replies: 7
Views: 738

Re: Vanguard and Corporate Governance

Voting proxies is one thing.... I guess I was thinking about large institutional investors stepping it up a notch. $3 trillion is a lot of weight to throw around. "Shareholder activism is in full roar as hedge funds prowl and companies retreat, but Nelson Peltz’s campaign to replace four direct...
by burt
Fri Feb 06, 2015 6:25 pm
Forum: Investing - Theory, News & General
Topic: Vanguard and Corporate Governance
Replies: 7
Views: 738

Vanguard and Corporate Governance

Regarding: Vanguard Insight-Market and Economy. “5 Themes Critical to Investors Success” A letter to investors by Bill McNabb, Vanguard CEO, Jan. 23 2015 [/url]https://personal.vanguard.com/us/insights/article/5-themes-investor-success-012015[/url] "Corporate boards and mutual fund firms must e...
by burt
Sat Jan 31, 2015 8:31 am
Forum: Investing - Theory, News & General
Topic: The lowest stock allocation you plan to stay with
Replies: 79
Views: 5294

Re: The lowest stock allocation you plan to stay with

Texas Radio wrote:for simplicity will probably move all to Wellesley due to my future feeble mind and for uneducated heirs, so 40/60


Very Good !
There is wisdom in that simple sentence.

burt
by burt
Fri Jan 30, 2015 8:11 pm
Forum: Investing - Theory, News & General
Topic: The lowest stock allocation you plan to stay with
Replies: 79
Views: 5294

Re: The lowest stock allocation you plan to stay with

... Once you have accumulated a bit more than what you think will be more than enough, why invest in stocks at all? Some might argue why not invest the 'more than enough' in stocks since it won't matter if you lose it all. Exactly. Data doesn't mean much without knowing age and expected % withdrawa...
by burt
Fri Jan 30, 2015 8:20 am
Forum: Investing - Theory, News & General
Topic: The lowest stock allocation you plan to stay with
Replies: 79
Views: 5294

Re: The lowest stock allocation you plan to stay with

these allocations are bount to adjust lower once a black swan hits, I will be 20/80 at max in retirement. I want to sleep well at night. Retirement is not to try multiply assets in order to leave some behind, retirement investing goal is to preserve capital to meet ones financial obligation, if you...
by burt
Sat Jan 24, 2015 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Home Maintenance Expenses
Replies: 47
Views: 8827

Re: Annual Home Maintenance Expenses

I'm thinking of buying a house in the next few months, and I'm wondering how much I should budget annually for maintenance expenses. I've read that one can expect to pay 1% of the home's value annually in maintenance expense, but that seems high to me. I'm looking at houses in the $500K-$600K range...
by burt
Sat Jan 24, 2015 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Time for me to buy a condo?
Replies: 15
Views: 1225

Re: Time for me to buy a condo?

[/quote]
Right now I pay almost $3000/month in rent and I don't particularly like the place. Prices for a contemporary condo (perhaps a renovated townhouse) is about $550k for a 1BR and $750k for a 2BR. [/quote]

That is absolutely remarkable.
It's settled... I live on another planet.


burt
by burt
Sat Jan 24, 2015 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: negotiating vacation days
Replies: 37
Views: 3035

Re: negotiating vacation days

afurry91 wrote:15 is pretty good. I wouldn't push for more. That's the negative of starting new jobs.

I get 10, and don't get an increase for another 36 months.


I work with some young people and see their energy, optimism, excitement, vitality for life .... and weep that they are harnessed to the plow.

burt
by burt
Sat Jan 24, 2015 6:57 pm
Forum: Investing - Theory, News & General
Topic: TIPs, what do they really add
Replies: 33
Views: 3049

Re: TIPs, what do they really add

saltycaper wrote:
That said, I think TIPS are the best inflation protection out of a variety of generally poor options.


Very Good. I like that.

burt
by burt
Sat Jan 24, 2015 7:05 am
Forum: Investing - Help with Personal Investments
Topic: Gotta Be a Bear Market Coming
Replies: 64
Views: 8495

Re: Gotta Be a Bear Market Coming

Well I don't know, bull or bear.
However I did find this article interesting. Stocks seem to be overvalued.

http://www.huffingtonpost.com/jesse-felder/the-single-greatest-mista_b_6528350.html?utm_hp_ref=business&ir=Business

burt
by burt
Sat Jan 10, 2015 7:58 pm
Forum: Investing - Help with Personal Investments
Topic: Social Security and Pension Question:
Replies: 36
Views: 3821

Re: Social Security and Pension Question:

A $95k annual income from COLA adjusted annuities is better than about 80% of American families. That gives you the freedom to do pretty much anything you want with your portfolio. OMG. What I would give for a COLA pension. Click the COLA box in the Otar calculator.... and live happily ever after. ...
by burt
Sat Jan 10, 2015 10:14 am
Forum: Personal Consumer Issues
Topic: WHY is retirement enjoyable / something to look forward to?
Replies: 237
Views: 21656

Re: WHY is retirement enjoyable / something to look forward

Van wrote:If you had an extremely demanding and stressful occupation with no realistic alternative, you would not be asking this question.


+1
It's not a challenge.....it's survival.

burt

Go to advanced search