Search found 1954 matches

by ofcmetz
Mon Aug 31, 2015 4:01 pm
Forum: Investing - Theory, News & General
Topic: If the Fed announces rate hike Sept 16-17, then . . . .
Replies: 13
Views: 1615

Re: If the Fed announces rate hike Sept 16-17, then . . . .

Seems like if the Fedex raises it's rates to ship packages, then maybe the cost of Amazon Prime might go up as well.
by ofcmetz
Sat Aug 29, 2015 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Trying to prevent lifestyle creep
Replies: 28
Views: 3602

Re: Trying to prevent lifestyle creep

Having a written budget has helped us. As we made more money over the years we raised what we saved faster than other items in the budget. A great way to save is to make it automatic, just like the payment of income taxes. Most of our friends we hang out with are blue collar workers ,and we haven't ...
by ofcmetz
Sat Aug 29, 2015 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Costco American Express Card [going away]
Replies: 30
Views: 3391

Re: Costco American Express Card [going away]

I've been using the Fidelity American Express Investment Rewards card. I put almost everything on it and have gotten some serious 2% rewards in the last year.
by ofcmetz
Sat Aug 29, 2015 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Early retirement with a pension
Replies: 38
Views: 4474

Re: Early retirement with a pension

If current cash flow isn't limiting, how about taking a bit of that money and taking a few vacations each year that include the children. That will be very special bonding time. Even occasional weekends away would serve this important purpose. RM Thanks RM. We've started planning some cheap beach t...
by ofcmetz
Sat Aug 29, 2015 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Early retirement with a pension
Replies: 38
Views: 4474

Re: Early retirement with a pension

The additional 20k per year is too valuable to you and your family to give up . If you recently were promoted you are the low man on the totem pole and maybe conditions will change for the better. You will have a good well deserved pension at age 40 and your kids will still be young when you retire...
by ofcmetz
Fri Aug 28, 2015 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement with a pension
Replies: 38
Views: 4474

Re: Early retirement with a pension

Something else that might make it easier to decide could be if you and your wife had a clear vision of what you wanted to do when you leave police work or at least your current job, and what you and she as a couple and as a family with kids envision for your future. I have heard that "What Col...
by ofcmetz
Fri Aug 28, 2015 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement with a pension
Replies: 38
Views: 4474

Re: Early retirement with a pension

Lt. Metz There is a downside to every job, only you can decide your best opportunity. , Bruce you gave me great advice when I first joined the bogleheads about upgrading my pension, and it's good to hear from you again. I really like the part about continuing my education and finding the job before...
by ofcmetz
Fri Aug 28, 2015 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement with a pension
Replies: 38
Views: 4474

Re: Early retirement with a pension

I'm a police officer in Illinois and I can relate to your situation. In my opinion, you should stay the extra four years. It makes sense financially albeit, it will most definitely suck on your family life, no if's and's or but's about it! . Thanks for taking the time to share your story VINNY. It'...
by ofcmetz
Fri Aug 28, 2015 11:20 am
Forum: Investing - Help with Personal Investments
Topic: Help getting off the sideline
Replies: 12
Views: 2011

Re: Help getting off the sideline

I'd definitely stick with the index funds and I like the suggesting retiredjg gave you. I have my IRA at Vanguard and prefer the mutual funds to the ETF's. After seeing what ETF's were doing this week, especially Monday morning, I'm even more inclined to use mutual funds as I don't have time to look...
by ofcmetz
Fri Aug 28, 2015 11:16 am
Forum: Investing - Help with Personal Investments
Topic: Invest in VGENX? [Vanguard Energy fund)
Replies: 3
Views: 221

Re: Invest in VGENX?

Oil is appearing to rebound. It may go up, or it may go down. But the key question is: now that VGENX is priced so well , is now the time to buy it? Even if the price of oil goes down, even at this price, the fund seems like a bargain. It's very close to the low of 2009. We will always need oil, an...
by ofcmetz
Fri Aug 28, 2015 2:24 am
Forum: Personal Finance (Not Investing)
Topic: Early retirement with a pension
Replies: 38
Views: 4474

Re: Early retirement with a pension

This isn't advice, but just another way to look at the question. As I understand it, the question was whether to take retirement now or 4 years from now. I would also have a list of pluses and minuses of "stay" versus "go," which may be similar at most of the points in time. For...
by ofcmetz
Fri Aug 28, 2015 2:11 am
Forum: Personal Finance (Not Investing)
Topic: Early retirement with a pension
Replies: 38
Views: 4474

Re: Early retirement with a pension

My 17 year old daughter's current school job is to work as a nanny for a family with elementary and intermediate school kids. She has an early release schedule from the HS and then drives over and picks up 3 kids in her car at 3 different schools at around 3:15 pm and drives them home to one house ...
by ofcmetz
Thu Aug 27, 2015 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement with a pension
Replies: 38
Views: 4474

Re: Early retirement with a pension

By way of alternatives, does a transfer bring your pension with it? Meaning, is there a way to change jobs and keep your pension accumulating? I'm in the hazardous duty portion of LASERS which is the name of our pension system. I could transfer but most state agencies require you to start back to t...
by ofcmetz
Thu Aug 27, 2015 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement with a pension
Replies: 38
Views: 4474

Re: Early retirement with a pension

Is it possible to find someone else who could help out with the transportation, for a fee? Obviously, you'd want it to be a careful driver, so the typical low-cost college student probably isn't ideal here. A parent of another child in the same school, perhaps? That won't help with your family time...
by ofcmetz
Thu Aug 27, 2015 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement with a pension
Replies: 38
Views: 4474

Re: Early retirement with a pension

I'm a Trooper in Texas and I was in kind of the same situation a few months back. Mine was to continue with my job for the next 10 years so I can get a pension or leave and do something else now. I decided to stay because it's hard to pass up a pension with benefits. I think you need to ride it out...
by ofcmetz
Thu Aug 27, 2015 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement with a pension
Replies: 38
Views: 4474

Re: Early retirement with a pension

I think you are stuck, the reward would be difficult to pass up, not just the pension money but also the tie to a negotiated medical plan seem pretty valuable. I would look into ways to mitigate such as the ability to trade shifts on an adhoc basis, or perhaps if you are part of a union that is som...
by ofcmetz
Thu Aug 27, 2015 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement with a pension
Replies: 38
Views: 4474

Re: Early retirement with a pension

As long as LA's fiscal situation doesn't mean that you will lose your pension benefits in some way, then I would try to tough it out. I *hate* to say that, but the combination of a higher pension *and* security on medical costs would really put you in a good position. 20k at age 40, until death, as...
by ofcmetz
Thu Aug 27, 2015 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement with a pension
Replies: 38
Views: 4474

Early retirement with a pension

In my police job I originally worked rotating 8 hours shifts on one month rotations. Then we went to fixed shifts for about 6 years and I got days based on seniority. About 2.5 years ago we went to rotating 12 hours shifts with one month rotations. About a month ago it was decided that we were going...
by ofcmetz
Thu Aug 27, 2015 3:48 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 1935
Views: 375848

Re: U.S. stocks in freefall

It was a blood bath for "retail" traders yesterday, they lost billions to the insiders. OK all of you who got taken to the cleaners please post and share. If I just held my index funds while putting a little bit of new money into them yesterday did I bathe in blood or lose to insiders? I'...
by ofcmetz
Mon Aug 24, 2015 5:24 pm
Forum: Investing - Theory, News & General
Topic: Who's selling now?
Replies: 63
Views: 6765

Re: Who's selling now?

I checked and I had hit my rebalancing bands with the drop today. I sold some Intermediate Term Bond Index Fund and some stable value and bought Total Stock and Total International Stock. I may hit the bands again soon it seems.
by ofcmetz
Mon Aug 24, 2015 5:18 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 1935
Views: 375848

Re: U.S. stocks in freefall

It's kinda sad that this post produced one of the longest threads I've seen. The way I look at it is that i haven't lost a nickel......I haven't executed a sale. I don't see it this way, but if it helps you to think of it this way then that's fine. I see my equities as being worth their quoted valu...
by ofcmetz
Mon Aug 24, 2015 4:45 pm
Forum: Investing - Theory, News & General
Topic: A warning on RBDs [Really Bad Days]
Replies: 46
Views: 6808

Re: A warning on RBDs [Really Bad Days]

livesoft wrote:Bwaaa-ha-ha-ha!


Muhahahaha! :sharebeer
by ofcmetz
Mon Aug 24, 2015 4:42 pm
Forum: Investing - Theory, News & General
Topic: Book Recs for Historical Bears
Replies: 11
Views: 588

Re: Book Recs for Historical Bears

Bracket wrote:Have you read The Great Depression: A Diary
By Benjamin Roth? A first hand account, I read it a few months ago and I think the lessons from it are timeless.



I read this on my Kindle last year. It's excellent.
by ofcmetz
Mon Aug 24, 2015 4:41 pm
Forum: Investing - Theory, News & General
Topic: Book Recs for Historical Bears
Replies: 11
Views: 588

Re: Book Recs for Historical Bears

If you can find an edition of Panic on Wall Street: A History of America's Financial Disasters by Robert Sobel, I would recommend that. I found a very nice 1968 paperback edition at a book sale and very much enjoyed the read. It starts with the panic of 1792 and moves from there. Edit: Also Devil Ta...
by ofcmetz
Mon Aug 24, 2015 11:26 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 1935
Views: 375848

Re: U.S. stocks in freefall

I just woke up. Doesn't seem like it's down too much. Only 155 points.
by ofcmetz
Sun Aug 23, 2015 4:07 am
Forum: Investing - Theory, News & General
Topic: A warning on RBDs [Really Bad Days]
Replies: 46
Views: 6808

Re: A warning on RBDs [Really Bad Days]

livesoft wrote:Actually, I am sick and resting in bed. I caught something from my recent air travel. Thanks for your concern.


Ugg, that is never fun. Here is to waking up tomorrow feeling much better than now. (by tomorrow I mean today. I work till 0300, so tomorrow for me is at 1100 hrs when I wake up.)
by ofcmetz
Sun Aug 23, 2015 3:55 am
Forum: Investing - Theory, News & General
Topic: How long will you"Stay the Course"?
Replies: 99
Views: 8659

Re: How long will you"Stay the Course"?

I set my AA expecting a crash at any time. Therefore, a crash is already built into my plan. House is paid off, 50% of my money is in bonds/CDs/cash. I will not rebalance my existing money into stocks, so I don't have to worry about losing much of that 50% (except maybe to hyper-inflation - but I d...
by ofcmetz
Sat Aug 22, 2015 11:34 am
Forum: Investing - Theory, News & General
Topic: Deciding allocation for new investments during a market correction or possibly a Bear market
Replies: 17
Views: 929

Re: Deciding allocation for new investments during a market correction or possibly a Bear market

OP, I would follow your original plan unless your life situation changes where you need to change your plan. If you keep track of your ongoing allocation percentages, it's fine to direct the new contributions into the asset classes whose levels have fallen below your desired percentages.
by ofcmetz
Sat Aug 22, 2015 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Just confirming....."stay the course"?
Replies: 53
Views: 6077

Re: Just confirming....."stay the course"?

I just checked last night and my US large cap and International are both below my desired asset allocations. I'm not at a rebalance point yet, but I will direct my new contributions into those two funds to rebalance with new money. If this continues then I'll sell some fixed income and rebalance tha...
by ofcmetz
Sat Aug 22, 2015 11:20 am
Forum: Investing - Theory, News & General
Topic: A warning on RBDs [Really Bad Days]
Replies: 46
Views: 6808

Re: A warning on RBDs

I'd like to point out that Really Big Dogs can be just as friendly as normal size dogs and that people should not fear them. While I don't subscribe to the RBD investment philosophy, I do find it helpful to be reminded that things can keep going down for awhile before they turn around. We don't know...
by ofcmetz
Fri Aug 21, 2015 5:17 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 1935
Views: 375848

Re: U.S. stocks in freefall

At the risk of pointing out the obvious... I have no idea what people expect when they talk about international in general and emerging markets in particular as having "low correlation" with stocks, but, certainly, in the very short term, the phrase " U.S. stocks in freefall" is...
by ofcmetz
Fri Aug 21, 2015 5:14 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 1935
Views: 375848

Re: U.S. stocks in freefall

VIX (volatility index) actually hit 28 today, the highest since 2011. S&P 500 is down 7.51% from the last peak. This is still not very much, though; there have been five worse drawdowns since the bottom in 2009, and double-digit losses are common even in years with positive stock returns. And 2...
by ofcmetz
Fri Aug 21, 2015 2:08 pm
Forum: Investing - Theory, News & General
Topic: anyone treating this as an RBD (really bad day)
Replies: 95
Views: 10145

Re: anyone treating this as an RBD (really bad day)

I feel better when the market is going up. But the DOW is now down about 8.6% from peak. How many times during our lifetimes can we expect a 9% drop? The answer for most is "many". It does feel worse going down, but this is normal (I keep reminding myself). Exactly^. Market was at this pl...
by ofcmetz
Thu Aug 20, 2015 6:04 pm
Forum: Investing - Theory, News & General
Topic: A bad day on Wall Street -- A good day for the media.
Replies: 51
Views: 5585

Re: A bad day on Wall Street -- A good day for the media.

I laughed reading those headlines. Thanks for posting and helping us to keep it all in perspective. No one knows what will happen next. Let's follow our plans and not panic if this continues for a while.
by ofcmetz
Wed Aug 19, 2015 4:02 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 1935
Views: 375848

Re: U.S. stocks in freefall

No freefall this year yet. All my holdings are slightly positive for the year. Vanguard S&P 500 Index is about 3% up. Vanguard small cap index is about 3% up. Vanguard Intermediate Term Bond index is about 1.6% up. Vanguard Total International stock index is about 2% up. While these returns aren...
by ofcmetz
Mon Aug 17, 2015 2:39 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Balanced or LifeStrategy Moderate?
Replies: 17
Views: 2064

Re: Vanguard Balanced or LifeStrategy Moderate?

I prefer the greater diversification of the LifeStrategy fund. That said, I think you'd be fine in either one. It's like comparing a gala apple to a honey crisp apple.
by ofcmetz
Sun Aug 16, 2015 10:50 pm
Forum: Investing - Theory, News & General
Topic: From Betterment to Vanguard
Replies: 18
Views: 2793

Re: From Betterment to Vanguard

Don't touch your emergency fund. Stick with Betterment for now and transfer to Vanguard after you've saved up. This is not the type of situation you're supposed to use your emergency fund for. Ditto^. Right now what's more important is your savings rate anyway. Spend this time learning about invest...
by ofcmetz
Sun Aug 16, 2015 10:42 pm
Forum: Investing - Theory, News & General
Topic: Robinhood - opinions
Replies: 30
Views: 2744

Re: Robinhood - opinions

I'm assuming that this is a taxable trading app. So if you traded a lot with it you would have a bunch of tax forms to deal with each year? Can it be done as an IRA? A few coworkers of mine have downloaded it and have been playing around trading a few thousand dollars. They really have no idea what ...
by ofcmetz
Sat Aug 15, 2015 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: 457b vs. Taxable account
Replies: 18
Views: 1029

Re: 457b vs. Taxable account

I wouldn't want to add the other risk to my investing. I would use tax efficient index funds and invest in a taxable account if it were me.
by ofcmetz
Sat Aug 15, 2015 12:51 pm
Forum: Investing - Theory, News & General
Topic: When do you notice the compounding at work?
Replies: 52
Views: 7335

Re: When do you notice the compounding at work?

I'm 35 and started investing seriously in 2005. I really noticed compounding in 2013 when the increase of my portfolio beat my contributions for that year. I guess everything I've invested in equity funds since early 2009 has compounded pretty nicely. I agree with the other posters not to look too o...
by ofcmetz
Sat Aug 15, 2015 11:27 am
Forum: Investing - Theory, News & General
Topic: Balanced Portfolio Vulnerable to Inflation?
Replies: 46
Views: 3535

Re: Balanced Portfolio Vulnerable to Inflation?

OP, thank you for your thoughtful post. I think bond investors and traders are intensely aware of inflation rates looking back and even at the present. It has seemed that the 10 year treasury has floated just above inflation for many years. I think TIP's do a good job of protected against that unexp...
by ofcmetz
Sat Aug 15, 2015 11:21 am
Forum: Investing - Theory, News & General
Topic: the 12 commandments of gold bugs
Replies: 62
Views: 4384

Re: the 12 commandments of gold bugs

Those 12 commandments were great. I've heard all of those in some form or another from the people I know that chose to put a significant portion of their wealth into gold. I would rather have land, gardens, source of water, weapons, and friends with weapons if the government falls and we reach the m...
by ofcmetz
Sun Aug 02, 2015 3:02 pm
Forum: Investing - Theory, News & General
Topic: Everybody is sick of gold - Is now the time to buy??
Replies: 37
Views: 4664

Re: Everybody is sick of gold - Is now the time to buy??

I don't invest in gold, but have wanted to have one very nice 1 ounce coin just because. I'd probably buy at $600. I feel bad because my dad has been buying gold for years for investment sake. He's planning on retiring at the end of the year. I hope that he doesn't have too much tied up in that shin...
by ofcmetz
Fri Jul 31, 2015 4:17 am
Forum: Investing - Theory, News & General
Topic: Can I be a Boglehead and a UAW?? [Under Accumulator of Wealth]
Replies: 27
Views: 2592

Re: Can I be a Boglehead and a UAW??

I'm an "average accumulator of wealth" by there criteria (between 0.5x and 2x that equation). I will never reach PAW status (2x the formula). I think for many people the formula is of limited applicability. A later starting career, starting in the hole, and fast growth/large jumps in inco...
by ofcmetz
Fri Jul 31, 2015 4:09 am
Forum: Investing - Theory, News & General
Topic: Can I be a Boglehead and a UAW?? [Under Accumulator of Wealth]
Replies: 27
Views: 2592

Re: Can I be a Boglehead and a UAW??

I think the formula was made to illustrate the differences between the various characters in his book. It's hard to make it fit in real life. Most bogleheads who post hear are doing very well financially. Ya'll are definitely at least over average achiever's of wealth. (oaaow's). OP, you make very v...
by ofcmetz
Sun Jul 26, 2015 10:25 am
Forum: Investing - Theory, News & General
Topic: 50/50 asset allocation
Replies: 69
Views: 6151

Re: 50/50 asset allocation

How much difference do you expect between a 50/50 allocation and a 60/40 one? I would be fine holding the balanced fund if I were like you and preferred to avoid international.
by ofcmetz
Sat Jul 25, 2015 11:03 pm
Forum: Investing - Help with Personal Investments
Topic: Golden handcuffs - help with vested retirement plan
Replies: 28
Views: 3104

Re: Golden handcuffs - help with vested retirement plan

Do you like the job? If you stay the 6 years do you pass up where you would be if you made a normal income and did your own retirement savings?
by ofcmetz
Sat Jul 25, 2015 1:10 pm
Forum: Investing - Theory, News & General
Topic: "Has the Index Fund Won?" by Jack Bogle
Replies: 7
Views: 2078

Re: "Has the Index Fund Won?" by Jack Bogle

Thanks for telling us about the article and the quotes. I like the reminders I get with I log on here as to why I use index funds and don't try to trade. I don't think I will hold them forever, but I at least plan to hold them until I need to sell for income in retirement.
by ofcmetz
Fri Jul 24, 2015 6:03 pm
Forum: Investing - Theory, News & General
Topic: My thoughts on the Greek crisis
Replies: 8
Views: 1611

Re: My thoughts on the Greek crisis

Thanks for taking the time to put your thoughts together. I enjoyed reading it and it helps me remain calm.
by ofcmetz
Tue Jul 21, 2015 2:39 pm
Forum: Local Chapters and Bogleheads Community
Topic: livesoft surpasses 40,000 posts!
Replies: 74
Views: 5695

Re: livesoft surpasses 40,000 posts!

Most people don't know this but livesoft is a computer program that Taylor and Mel developed while on vacation together one July many years ago. Have they also developed microsoft? Victoria microsoft is livesoft's child. He's the reason livesoft has so much time to post and doesn't have to work any...

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