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Re: Wife doesn't want to retire - I do

Is it possible that some of her reticence (or whatever you are sensing) is because if you retire, she would then feel a burden of "needing to work" that she hasn't otherwise been feeling? She may not even realize that's bothering her. Of course anything is possible, but she has repeatedly...
by leonard
Wed Mar 04, 2015 3:53 pm
 
Forum: Personal Consumer Issues
Topic: Wife doesn't want to retire - I do
Replies: 65
Views: 5781

Re: Can I afford it?

Take $41k. Compound it 35 years. How many years earlier could you retire/be financially independent if you forgo the $41k car? Not many should be willing to "afford" that. I take my wife out for ice cream about once a week in the summer time. I like a big cone that costs about $5 (which i...
by leonard
Tue Mar 03, 2015 7:58 pm
 
Forum: Personal Consumer Issues
Topic: Can I afford it?
Replies: 50
Views: 3900

Re: With a goal to retire early, how do IRAs play into?

Sorry for the basic question, but I just can't figure this out. My goal is to invest enough to have enough to be financially independent (i.e. live off gains) before 59 1/2. But how can I live off the gains of my investments, being younger than 59 1/2, if most of my investments are in something lik...
by leonard
Tue Mar 03, 2015 11:59 am
 
Forum: Investing - Help with Personal Investments
Topic: With a goal to retire early, how do IRAs play into?
Replies: 8
Views: 883

Re: Has anyone used Costco car buying service?

Several years ago, tried out the car process to buy a Prius. In the end the "preferred dealer" for Costco was the second highest price quoted. And the dealership was by far the most "what can I do to earn you business?" old school used cars sales cliche. The Costco program was a ...
by leonard
Tue Mar 03, 2015 11:48 am
 
Forum: Personal Consumer Issues
Topic: Has anyone used Costco car buying service?
Replies: 29
Views: 2462

Re: How do I learn to like sushi?

Embrace the Maillard reaction, that's the source of flavor. Skip the Sushi. It's OK to be different.
by leonard
Tue Mar 03, 2015 11:39 am
 
Forum: Personal Consumer Issues
Topic: How do I learn to like sushi?
Replies: 80
Views: 4535

Re: I survived my initial performance improvement mtg. Now w

All this business about documenting every step along the way is a waste of your time and energy--and will prove to be quite stressful for you. Agree the OP is being fired. However, some companies have an actual PIP process. Part of that process is "making a case". I've seen the documentat...
by leonard
Tue Mar 03, 2015 11:34 am
 
Forum: Personal Finance (Not Investing)
Topic: I survived my initial performance improvement mtg. Now what?
Replies: 33
Views: 4337

Re: Can I afford it?

Take $41k. Compound it 35 years. How many years earlier could you retire/be financially independent if you forgo the $41k car?

Not many should be willing to "afford" that.
by leonard
Tue Mar 03, 2015 11:28 am
 
Forum: Personal Consumer Issues
Topic: Can I afford it?
Replies: 50
Views: 3900

Re: I survived my initial performance improvement mtg. Now w

And, to bring it forward from the other thread - document all interactions with your manager, in writing, summarizing conclusions particularly against PIP goals. Do follow up emails to confirm the conclusions and get a response. Imposing documentation on your manager will buy you time - since the ma...
by leonard
Fri Feb 27, 2015 9:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: I survived my initial performance improvement mtg. Now what?
Replies: 33
Views: 4337

Re: Help! Ive been put on a performance improvement plan!

8foot7 - have you ever actually participated in one of these situations first hand? ... So, I hope you are really certain that your advice is right. Yes, in both the HR sense and the lawyer sense. Life is playing the odds. The odds that OP can negotiate a $30k or even any separation agreement after...
by leonard
Fri Feb 27, 2015 9:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help! Ive been put on a performance improvement plan!
Replies: 66
Views: 8439

Re: Ignore the experts but can you invest by consensus?

What happened here? did the "groupthink consensus" premise lose steam?
by leonard
Thu Feb 26, 2015 12:30 pm
 
Forum: Investing - Theory, News & General
Topic: Ignore the experts but can you invest by consensus?
Replies: 15
Views: 1022

Re: Is it actually impossible to time market crashes?

I understand that market timing is effectively impossible in terms of trying to predict lows / highs to make quick short-term gains. However, does this also apply to systemic risks? Things that would affect the entire economy / stock market to the point where it's not so much trying to predict the ...
by leonard
Thu Feb 26, 2015 12:25 pm
 
Forum: Investing - Theory, News & General
Topic: Is it actually impossible to time market crashes?
Replies: 56
Views: 3019

Re: Help! Ive been put on a performance improvement plan!

HR may be a short term referee in very very rare and limited situations, but again, if you are proactively going to HR, you are not long for that company, which pretty much puts us back to my original point--you've peaked here, you're capped, even if you stay on, the likelihood of which is unclear ...
by leonard
Thu Feb 26, 2015 12:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help! Ive been put on a performance improvement plan!
Replies: 66
Views: 8439

Re: Need Income-Wellesley & Wellington or just Wellesley

Money doesn't know if it is principle, interest, income, dividends, etc. So, you should simply access the funds at the lowest tax cost to you. That could be selling shares or dividends. So, you should set up your investments to minimize your tax hit, by allowing you to decide the lowest cost margin...
by leonard
Thu Feb 26, 2015 12:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need Income-Wellesley & Wellington or just Wellesley
Replies: 27
Views: 4726

Re: Help! Ive been put on a performance improvement plan!

If the meetings are simply too contentious - proactively get HR involved.... Also, don't tell your company this, but spend a hundred or 2 and consult a lawyer familiar with employment issues. Understand your rights. Have the lawyer tell you if the company is doing anything illegal in this process. ...
by leonard
Thu Feb 26, 2015 12:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help! Ive been put on a performance improvement plan!
Replies: 66
Views: 8439

Re: Recommend a quality (and reasonably priced) knife set

Bought a set of 2 Tramontina chefs knives from Costco for very cheap. And, they work great. America's Test Kitchen recommends the Fibrox Victorinox chefs knives as their favorite. They aren't very expensive. Consider a good magnetic wall mount knife rack to get them off the counter an easily at hand...
by leonard
Thu Feb 26, 2015 11:49 am
 
Forum: Personal Consumer Issues
Topic: Recommend a quality (and reasonably priced) knife set
Replies: 64
Views: 2436

Re: Help! Ive been put on a performance improvement plan!

Keep in mind there is a time imbalance between you and your manager. Your manager still has a presumably a lot of direct reports to manage AND a segment of a business to run. Their time is still spread thin AND dealing with your PIP and monitoring and documenting is only one aspect of all of their d...
by leonard
Thu Feb 26, 2015 11:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Help! Ive been put on a performance improvement plan!
Replies: 66
Views: 8439

Re: Dual Momentum Investing

OP - what specifically do you find compelling about this approach? You appear to be 9 months in to the Boglehead philosophy - now a right turn. Just curious why this is so compelling relative to just doing a buy, hold, and rebalance portfolio. Just because I have only been posting on this forum for...
by leonard
Fri Feb 20, 2015 1:35 pm
 
Forum: Investing - Theory, News & General
Topic: Dual Momentum Investing
Replies: 55
Views: 4286

Re: Ignore the experts but can you invest by consensus?

You seem to be equating "Group Think" with "the boglehead approach to investing". This implies that the BH approach is purely an approach based on agreement - with no research to back it up. that's not the case.
by leonard
Fri Feb 20, 2015 12:50 pm
 
Forum: Investing - Theory, News & General
Topic: Ignore the experts but can you invest by consensus?
Replies: 15
Views: 1022

Re: Pick-Pockets

Watty wrote:See this if you are traveling;

https://www.ricksteves.com/travel-tips/ ... ickpockets


Rick Steves seems to be a borderline apologist for the pick pockets in the beginning of that article. Weird.
by leonard
Fri Feb 20, 2015 12:40 pm
 
Forum: Personal Consumer Issues
Topic: Pick-Pockets
Replies: 63
Views: 5115

Re: Dual Momentum Investing

OP - what specifically do you find compelling about this approach? You appear to be 9 months in to the Boglehead philosophy - now a right turn. Just curious why this is so compelling relative to just doing a buy, hold, and rebalance portfolio.
by leonard
Thu Feb 19, 2015 10:15 pm
 
Forum: Investing - Theory, News & General
Topic: Dual Momentum Investing
Replies: 55
Views: 4286

Re: deciding on big ticket item - fitting it into financial

I'm guessing there's a reason the OP is leaving out the exact expenditure.

I'd rather be financially independent than have a new car or whatever.
by leonard
Mon Feb 16, 2015 12:04 pm
 
Forum: Personal Consumer Issues
Topic: deciding on big ticket item - fitting it into financial plan
Replies: 19
Views: 1305

Re: Best Men's Winter Pants

Search "fleece lined pants" or "flannel line pants" jeans, and khakis. Eddie bauer and a few others make those.

Or get outdoor long underwear from REI.

Although, I can't imagine wearing any of those - since once you get to your indoor destination - you'd burn up.
by leonard
Sat Feb 14, 2015 5:41 pm
 
Forum: Personal Consumer Issues
Topic: Best Men's Winter Pants
Replies: 18
Views: 1561

Re: Dealing with problematic tenants.

Ohhhh Man, I like REIT's. burt I don't know that much about REIT's. Right now, after all of the condo fees, taxes, and other ownership expenses, we net about $9000 a year in income from the condo. Say the condo is roughly valued at $120K. Can you do better than that with REIT's? You have not factor...
by leonard
Sat Feb 14, 2015 2:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Dealing with problematic tenants.
Replies: 56
Views: 3351

Re: Dealing with problematic tenants.

Tenants have no long term incentive to take care of your property. Add to that, you are not around to keep an eye on them when they are using your property. Even well behaved people will let things slide if it's not their property. Would probably happen to with any high dollar asset left unattended....
by leonard
Fri Feb 13, 2015 9:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Dealing with problematic tenants.
Replies: 56
Views: 3351

Re: How to interact with medical establishment

I'd do what I would do with any service provider that provides poor service. Do you go through this with your mechanic when scheduling a service?
by leonard
Fri Feb 13, 2015 8:53 pm
 
Forum: Personal Consumer Issues
Topic: How to interact with medical establishment
Replies: 48
Views: 2727

Re: Choosing a Backpack for el Camino

I ran across these several years ago. Never used them, but intrigued at the idea of the minimalist "pack".

Anyway, I think the "Gearskin" is a neat idea.

http://www.moonbowgear.com/1trailgear/1Custom%20packs/Gearskins/gearskin.html
by leonard
Mon Feb 09, 2015 12:50 pm
 
Forum: Personal Consumer Issues
Topic: Choosing a Backpack and other Gear for el Camino
Replies: 71
Views: 4897

Re: 401k Question for HCE

Smart plan administrators implement a Safe harbor 401k - that allows all employees to max out contributions.
by leonard
Sun Feb 08, 2015 7:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k Question for HCE
Replies: 17
Views: 974

Re: Heavy Weight Polar Fleece

REI would be the place to start.
by leonard
Sat Feb 07, 2015 12:19 pm
 
Forum: Personal Consumer Issues
Topic: Heavy Weight Polar Fleece
Replies: 8
Views: 788

Re: Split Assets Between Two Firms?

Do you honestly think an unnecessary, extra brokerage helps that situation? Yes, definitely. The relatively minor increase of one more account in 20 is worth the big increase in risk reduction. Another brokerage account might be likened to when folks say they keep cash, gold coins, or bullets aroun...
by leonard
Sat Feb 07, 2015 12:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Split Assets Between Two Firms?
Replies: 30
Views: 2970

Re: Time within which employer must remit 401(k) contributio

Pretty straightforward to have the 401k amount post on the same day as payroll or the next day 99% of the time.

But, it really comes down to what Service Level the employer specified in the contract with the Third Party Administrator.
by leonard
Sat Feb 07, 2015 12:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Time within which employer must remit 401(k) contribution
Replies: 46
Views: 2892

Re: Asymmetric Rebalancing in Withdrawal Phase

So you're suggesting that people begin market timing in the withdrawal phase? if so, why wait until then if they can successfully time the market?
by leonard
Sat Feb 07, 2015 12:05 pm
 
Forum: Investing - Theory, News & General
Topic: Asymmetric Rebalancing in Withdrawal Phase
Replies: 27
Views: 1850

Re: How do you balance frugality and life?

grandmacassie wrote:You've said she is your fiancee, not your wife. Her money is hers to spend as she chooses. She's not buying a Maserati. Butt out.


OP - if your fiancé tells you to "Butt out", consider that confirmation of financial incompatibility and move on.
by leonard
Fri Feb 06, 2015 12:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you balance frugality and life?
Replies: 50
Views: 5390

Re: Bearish Boglehead, is there such a thing?

My father used to say it was of most importance not to lose other people's money. But, no-risk does lose other peoples' money - to inflation and to opportunity cost. Even though it's not a line item on a quarterly report somewhere - it is still just as real. That's why I qualified my statement. He ...
by leonard
Fri Feb 06, 2015 12:07 pm
 
Forum: Investing - Theory, News & General
Topic: Bearish Boglehead, is there such a thing?
Replies: 45
Views: 3945

Re: Advice on Selling Car with Manual Transmission?

For several reasons, I believe I needs to sell my ten year old, small Japanese car. The challenge (I think) is that it has a Manual transmission (five speed) and, these days, almost all US drivers cannot or do not drive manual transmissions cars, or need/want a car that other drivers can drive. I i...
by leonard
Wed Feb 04, 2015 8:39 pm
 
Forum: Personal Consumer Issues
Topic: Advice on Selling Car with Manual Transmission?
Replies: 30
Views: 2331

Re: How to fire a client? [software ownership issues]

I think we both know that contracts can go either way. In reality, if I am paying someone to build software (lacking a contract - not that I would do this), I would assume I was buying the software and had intellectual ownership of the source code. It makes no sense to fully finance the building of...
by leonard
Wed Feb 04, 2015 8:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to fire a client? [software ownership issues]
Replies: 69
Views: 4893

Re: Bearish Boglehead, is there such a thing?

My father used to say it was of most importance not to lose other people's money. But, no-risk does lose other peoples' money - to inflation and to opportunity cost. Even though it's not a line item on a quarterly report somewhere - it is still just as real. That's why I qualified my statement. He ...
by leonard
Wed Feb 04, 2015 8:33 pm
 
Forum: Investing - Theory, News & General
Topic: Bearish Boglehead, is there such a thing?
Replies: 45
Views: 3945

Re: Bonds vs. Some Utilities

"I don't want to single anyone out because we have been seeing a lot of this common behavioral mistake. The mistake is stating a condition we don't like and then creating some rational sounding alternative to avoid it" I'm not sure how to take this part of a reply post?? Is this some type...
by leonard
Tue Feb 03, 2015 10:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bonds vs. Some Utilities
Replies: 22
Views: 2054

Re: Bill Gross warns about bonds. Are you worried?

I tried to find the one that was on point, but here's a few:

1. Ignore the noise. Tune out financial news.
2. Don't try to time the market. Bond or otherwise.
3. Stay the course. Don't change AA on a whim.
by leonard
Tue Feb 03, 2015 6:29 pm
 
Forum: Investing - Theory, News & General
Topic: Bill Gross warns about bonds. Are you worried?
Replies: 38
Views: 5130

Re: How to fire a client? [software ownership issues]

I think we both know that contracts can go either way. In reality, if I am paying someone to build software (lacking a contract - not that I would do this), I would assume I was buying the software and had intellectual ownership of the source code. It makes no sense to fully finance the building of...
by leonard
Tue Feb 03, 2015 5:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to fire a client? [software ownership issues]
Replies: 69
Views: 4893

Re: How to fire a client? [software ownership issues]

Postby leonard » Mon Feb 02, 2015 5:17 pm leonard wrote: No rights to the source code? What do you think his payments to you were for? Unless you had a written agreement that you were "renting" him this software - I'd say his payment for software was to own.....software. ... Why would som...
by leonard
Tue Feb 03, 2015 5:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to fire a client? [software ownership issues]
Replies: 69
Views: 4893

Re: Play money- what is your process?

linenfort wrote:
leonard wrote:[I am going to stop sidetracking the OP's post.

Good idea.


Hah! You were right there with me.
by leonard
Tue Feb 03, 2015 5:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Play money- what is your process?
Replies: 68
Views: 5284

Re: Bearish Boglehead, is there such a thing?

fortyofforty wrote:My father used to say it was of most importance not to lose other people's money.


But, no-risk does lose other peoples' money - to inflation and to opportunity cost.

Even though it's not a line item on a quarterly report somewhere - it is still just as real.
by leonard
Tue Feb 03, 2015 5:07 pm
 
Forum: Investing - Theory, News & General
Topic: Bearish Boglehead, is there such a thing?
Replies: 45
Views: 3945

Re: How do you balance frugality and life?

I don't see an innate tension between frugality and life. It's only when you believe "money spent" = "life lived" that you introduce the tension.
by leonard
Tue Feb 03, 2015 1:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you balance frugality and life?
Replies: 50
Views: 5390

Re: How much can I afford to spend on a car?

You seem to be ignoring the question - perhaps on purpose: Why focus on the maximum you can spend on a car versus the least amount you can spend and get what you need?
by leonard
Mon Feb 02, 2015 9:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much can I afford to spend on a car?
Replies: 32
Views: 2330

Re: Workplace net worth conversations you'd like to avoid?

Leonard: 1) my point about retirement is that simply being successfully retired says that you have at least a reasonable source of income/assets 2) I said your friends "will have a pretty good idea", not that they will actually know or that you would have disclosed net worth to them 3) fi...
by leonard
Mon Feb 02, 2015 5:27 pm
 
Forum: Personal Consumer Issues
Topic: Workplace net worth conversations you'd like to avoid?
Replies: 87
Views: 9332

Re: How to fire a client? [software ownership issues]

No rights to the source code? What do you think his payments to you were for? Unless you had a written agreement that you were "renting" him this software - I'd say his payment for software was to own.....software. In the future - CONTRACT. Services. I work with IT vendors and we never ge...
by leonard
Mon Feb 02, 2015 5:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to fire a client? [software ownership issues]
Replies: 69
Views: 4893

Re: How much can I afford to spend on a car?

"What's the minimum car that meets my transportation needs?"

Why not start from here, instead of trying to spend the most possible?
by leonard
Mon Feb 02, 2015 5:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much can I afford to spend on a car?
Replies: 32
Views: 2330

Re: How to fire a client? [software ownership issues]

No rights to the source code? What do you think his payments to you were for? Unless you had a written agreement that you were "renting" him this software - I'd say his payment for software was to own.....software. In the future - CONTRACT. Services. I work with IT vendors and we never ge...
by leonard
Mon Feb 02, 2015 3:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to fire a client? [software ownership issues]
Replies: 69
Views: 4893

Re: Are car loans really that bad?

I have noticed that a substantial number of BH have commented that car loans are unwise and instead cars should be purchased with cash. I was wondering if someone can elaborate to exactly why this is. The reason I ask is that my last two car loans were for 1.99%. That doesn't seem too bad to me. I ...
by leonard
Mon Feb 02, 2015 12:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Are car loans really that bad?
Replies: 86
Views: 6768
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