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Re: 100% equities - my reasoning

Everyone - THANK YOU for the replies. I feel like a kid arguing w/ a bunch of wise adults ;) I cannot say that I know what I would do in a crash bc I have not experienced it. I was a poor college student in 2008. The only question I have then is would a 90/10 or 80/20 portfolio really change things...
by technovelist
Wed Dec 17, 2014 4:02 pm
 
Forum: Investing - Theory, News & General
Topic: 100% equities - my reasoning
Replies: 91
Views: 5696

Re: Odds of portfolio survival = 90%; odds of my survival =

I think the first thing to ask is whether you think the Monte Carlo studies are meaningful. I would say that Monte Carlo studies would be especially relevant to people living in Monaco. :mrgreen: That was protagonist's point. I think I should start playing Russian Roulette. Victoria Oh, so the orig...
by technovelist
Wed Dec 17, 2014 3:55 pm
 
Forum: Investing - Theory, News & General
Topic: Odds of portfolio survival = 90%; odds of my survival = 0.1%
Replies: 156
Views: 7754

Re: Odds of portfolio survival = 90%; odds of my survival =

if I'm doing the math right, says that for a "healthy annuitant"--which seems fairly reasonable for the Bogleheads population, which I imagine consists of people whose socioeconomic status allows for significant retirement savings--the figures are actually 12% for men and 20% for women. T...
by technovelist
Wed Dec 17, 2014 3:51 pm
 
Forum: Investing - Theory, News & General
Topic: Odds of portfolio survival = 90%; odds of my survival = 0.1%
Replies: 156
Views: 7754

Re: WHY is retirement enjoyable / something to look forward

Intellectual "work" is misnamed; it is a pleasure, a dissipation, and is its own highest reward. The poorest paid architect, engineer, general, author, sculptor, painter, lecturer, advocate, legislator, actor, preacher, singer is constructively in heaven when he is at work; and as for the...
by technovelist
Wed Dec 17, 2014 2:59 pm
 
Forum: Personal Consumer Issues
Topic: WHY is retirement enjoyable / something to look forward to?
Replies: 135
Views: 6393

Re: WHY is retirement enjoyable / something to look forward

jstrazzere wrote:
a wrote:So what do you think is the real factor at work?


For me, it's all about choice.

I want to choose when, where, and how much I work, and what I work at - without being constrained by financial considerations.
Retirement will do that for me.


+1
by technovelist
Wed Dec 17, 2014 2:29 pm
 
Forum: Personal Consumer Issues
Topic: WHY is retirement enjoyable / something to look forward to?
Replies: 135
Views: 6393

Re: Social Security implications when dividing up income

I'm sitting here doing a little research, and holy cow it is complicated. Yes, it surely is. But there are some simple rules of thumb that can help, including these: 1. SS weights lower earnings much more than higher ones, so it is better to have two medium earners than one high and one low. This w...
by technovelist
Tue Dec 16, 2014 11:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security implications when dividing up income
Replies: 15
Views: 1456

Re: Odds of portfolio survival = 90%; odds of my survival =

I agree with the idea that it is far more important to have enough to enjoy the non-working years then it is to insure having money 30 years from now, as I may not live that long. The question in my mind is what percentage of failure am I willing to accept? I am 62 and my life expectancy is about 2...
by technovelist
Tue Dec 16, 2014 10:28 pm
 
Forum: Investing - Theory, News & General
Topic: Odds of portfolio survival = 90%; odds of my survival = 0.1%
Replies: 156
Views: 7754

Re: How do you factor entitlements into your investing plan?

I did not realize that Social Security is an entitlement program. Perhaps, if I paid nothing into Social Security, that would be an entitlement, if I expected to receive something. However, having paid the maximum to Social Security, I don't feel that the correct term is entitlement. I feel more li...
by technovelist
Tue Dec 16, 2014 6:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you factor entitlements into your investing plan?
Replies: 47
Views: 3395

Re: A perfect profession

Sounds like a perfect profession for "This Perfect Day" (http://en.wikipedia.org/wiki/This_Perfect_Day).
by technovelist
Tue Dec 16, 2014 6:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: A perfect profession
Replies: 58
Views: 5114

Re: (Poll) Did you tap into emergency fund in the past 10 ye

I voted "no" even though we recently had foundation repair and related house repair bills totaling about $15K. That's because I knew several months in advance that we were going to have to do those repairs, and saved up that much extra cash before the repair bills actually came in.
by technovelist
Fri Dec 12, 2014 4:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: (Poll) Did you tap into emergency fund in the past 10 years?
Replies: 54
Views: 3463

Social security spousal benefit recalculation?

(I did a search but couldn't find an answer to this question, although of course I might have missed something.) My wife claimed her SS benefit at 62, as did I, as we were without other income at that time. Her earned benefit was less than half of mine, so she got a spousal benefit of about $150/mon...
by technovelist
Fri Dec 12, 2014 11:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Social security spousal benefit recalculation?
Replies: 1
Views: 566

Re: Why don't YOU follow Buffett's advice?

I followed his lead - asked CEOs for preferred stock in their companies and other preferential treatment. They never got back to me. Maybe I need to get a mistress and throw money at Hillary Clinton. Well, there's always Tesco. In other words, Buffett's advice is an example of "Do as I say, no...
by technovelist
Thu Dec 11, 2014 6:04 pm
 
Forum: Investing - Theory, News & General
Topic: Why don't YOU follow Buffett's advice?
Replies: 114
Views: 7877

Re: Ad hoc travel to Antarctica

Yesterday, someone has mentioned that the cheapest way to travel to Antarctica is to come to Ushuaia, Argentina, a port, from which tour boats for Antarctica depart. Supposedly, most boats have some empty cabins and they are happy to sell them at the last moment at a fraction of the price. I have s...
by technovelist
Mon Dec 08, 2014 6:08 pm
 
Forum: Personal Consumer Issues
Topic: Ad hoc travel to Antarctica
Replies: 51
Views: 2599

Re: If your networth is over $3 million, how did you do it?

It's pretty simple to end up with a lot of money: 1. Have a high paying job with few or no periods of long unemployment. 2. Live below your means and save most of your income. 3. Be "fortunate" enough to live in an era of inflation that erodes the value of the currency over time. Of course...
by technovelist
Thu Nov 13, 2014 12:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 270
Views: 33302

Re: My DISH tv bill just keeps going up and up

I'm back to the $6/month "vacation" package, which IMO is the best bargain they have.
by technovelist
Mon Nov 10, 2014 8:23 pm
 
Forum: Personal Consumer Issues
Topic: My DISH tv bill just keeps going up and up
Replies: 50
Views: 4922

Re: My DISH tv bill just keeps going up and up

That reminds me that I have to call them on Monday and threaten to cancel unless they put me back on vacation.
That costs $6/month and we get AXS, which is the best channel they have anyway.
by technovelist
Sat Nov 08, 2014 10:05 pm
 
Forum: Personal Consumer Issues
Topic: My DISH tv bill just keeps going up and up
Replies: 50
Views: 4922

Re: Cobra - might you be an expert

I'm pretty sure you are out of luck with COBRA if your (ex-)employer drops health care coverage. At least that's what the documentation said when I was on COBRA a few times in the past, but ACA may have changed that. You need to talk with a real expert. I see someone has already suggested a public f...
by technovelist
Thu Nov 06, 2014 5:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cobra - might you be an expert
Replies: 13
Views: 940

Re: Selling to take LTCG, no wash?

I don't think you are missing anything, at least with respect to federal income taxes. I see a number of posters have pointed out some of the other interactions.

Yes, TT or the like is a big help in what-ifs.
by technovelist
Thu Nov 06, 2014 2:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Selling to take LTCG, no wash?
Replies: 8
Views: 563

Re: Your very first email

You know, I don't remember... I know it was before 1990 but not how long before. 1986 maybe? I had a Compuserve account around that time frame. Now that I think about it for a few more minutes, I'm pretty sure that I had some kind of email account on a PDP-10 I was writing code for in the early 1970...
by technovelist
Thu Nov 06, 2014 2:08 pm
 
Forum: Personal Consumer Issues
Topic: Your very first email
Replies: 60
Views: 2433

Re: That stress-relieving thing you do at work

Agree on the plans to do something pleasurable. According to what I've read, the longer in advance that you plan something like that, the more overall value you get from it.
by technovelist
Thu Oct 30, 2014 12:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: That stress-relieving thing you do at work
Replies: 45
Views: 2902

Re: Feeling rich to feeling poor overnight

I don't see any reason that you couldn't look for a 3 or 4 bedroom place with roommates each having their own bedrooms. Surely that isn't too unusual in such a high COL area. Then your girlfriend could stay with you without having to wreck your budget.
by technovelist
Fri Oct 24, 2014 1:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Feeling rich to feeling poor overnight
Replies: 85
Views: 11061

Re: buying this year and selling next year

Buying is not a taxable event; selling is (other than in the fairly unusual case of short selling).
So you won't have any taxable events this year if all your transactions are purchases; thus, you won't have anything to report next year when you do this year's taxes.
by technovelist
Wed Oct 22, 2014 1:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: buying this year and selling next year
Replies: 5
Views: 516

Re: Which lots do you sell when redeeming shares?

What is your total income for the year? If you are in the 15% bracket, and they qualify for long-term rates, then the optimum approach is to sell an amount that brings your total income to the top of that bracket, since LTCG in the 15% (and 10%) brackets have a 0% tax rate.
by technovelist
Wed Oct 22, 2014 1:40 pm
 
Forum: Investing - Theory, News & General
Topic: Which lots do you sell when redeeming shares?
Replies: 14
Views: 940

Re: FIOS [versus cable]

I wish I could get ANYTHING like cable or even DSL out in "Green Acres", never mind FIOS.
At least I have finally been able to get an LTE (4g) wireless connection that is pretty good... for $90/month.
by technovelist
Wed Oct 22, 2014 1:35 pm
 
Forum: Personal Consumer Issues
Topic: FIOS [versus cable]
Replies: 47
Views: 3927

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

+1. Engineers are great. As a "software engineer", I'm not a real engineer, but I could probably play one on TV. No, in my experience software "engineers" only speak Greek so you can't be on TV unless you are playing one on a cable business channel. :beer While that may be true ...
by technovelist
Wed Oct 22, 2014 1:30 pm
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 135
Views: 10763

Re: Three Possible Outcomes for Future Investment Returns

My planning assumption is 0% real return. Anything above that is a bonus.
by technovelist
Wed Oct 22, 2014 1:26 pm
 
Forum: Investing - Theory, News & General
Topic: Three Possible Outcomes for Future Investment Returns
Replies: 32
Views: 2391

Re: Anchoring vs. Buy-and-Hold

Anchoring can apply to any investment - including broad index funds. Anything that you bought at a price or has a price assigned to it can be the target of unhelpful anchoring. And it could apply to buy and hold investors as well in certain contexts - say for example they hit their rebalancing band...
by technovelist
Wed Oct 22, 2014 1:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Anchoring vs. Buy-and-Hold
Replies: 15
Views: 1480

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

I'm not an engineer, but agree with the other folks in that I think engineers are some of the best investors. They are by nature and profession data driven and unemotional in their decision making. Those qualities make them terrible at other aspects of their life, but is a great plus when it comes ...
by technovelist
Wed Oct 22, 2014 12:28 pm
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 135
Views: 10763

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

If you concur with Wikipedia's definition you should agree with my logic: 1. I may suffer from illusory superiority and rate my ability higher than is accurate. I may think that I have good and defensible reasons for believing so. But the essence of all biases is that what I think is not necessaril...
by technovelist
Wed Oct 22, 2014 12:25 pm
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 135
Views: 10763

Re: Gross Yearly Income needed in Retirement (Speculation)

Still about 10-15 years (hopefully) from early retirement. My goal is to have 12k/month AFTER tax to be able to live a fairly extravagant lifestyle in my world. We love to travel and would do so frequently and internationally. By having the time to take longer trips (maybe 4-6 weeks), we would save...
by technovelist
Wed Oct 22, 2014 11:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 159
Views: 13113

Re: Is investing in real estate worth it?

I would never invest in real estate other than my own home (and I'm not too keen on that either really).
It is a lot of work and risk for a very uncertain payoff.
by technovelist
Wed Oct 22, 2014 11:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Is investing in real estate worth it?
Replies: 28
Views: 2625

Re: Gross Yearly Income needed in Retirement (Speculation)

"One million dollars."
Adjusted for inflation, of course. :greedy
by technovelist
Tue Oct 21, 2014 3:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 159
Views: 13113

Re: "I've had it" at work - how often

Early 30s, software engineer at a large corporation. I roll my eyes and sigh every week or so due to office politics, but it isn't terribly demanding, and pays well, so I get on with it. I would rather have the time back, but I am limiting my hours to 40 and everyone else seems okay with that, and ...
by technovelist
Tue Oct 21, 2014 1:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 151
Views: 12718

Re: What tax software do you use and why

H&R Block at home, Deluxe.
I got a free version a couple of years ago but paid for a download last year.
Does anyone know when the new version usually comes out? It should be fairly soon, I imagine, but I can't find that information on their website.
by technovelist
Tue Oct 21, 2014 1:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: What tax software do you use and why
Replies: 54
Views: 2713

Re: Employer Reimbursing Health Insurance Premiums - Taxable

It seems that the rules don't apply to plans with fewer than two active employees: " In accordance with Code § 9831(a)(2) and ERISA § 732(a), the market reforms do not apply to a group health plan that has fewer than two participants who are current employees on the first day of the plan year&q...
by technovelist
Tue Oct 21, 2014 12:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Employer Reimbursing Health Insurance Premiums - Taxable???
Replies: 12
Views: 681

Re: Electricity Adaptor for Europe

Most electronic devices these days are multi-voltage and can handle anything from 110 to 240. Look at your device or its power adapter to see. If they are multi-voltage, then all you will need is a plug adapter, which you can buy for a few $ at a travel store, e.g. "Bag and Baggage", as we...
by technovelist
Tue Oct 21, 2014 11:26 am
 
Forum: Personal Consumer Issues
Topic: Electricity Adaptor for Europe
Replies: 10
Views: 660

Re: Employer Reimbursing Health Insurance Premiums - Taxable

From that same article: "IRS on its website said if an employer pays the cost of an accident or health insurance plan — outside payment from a retirement plan — for employees and their spouse and dependents, the payments are not wages and are not subject to Social Security; Medicare; or federal...
by technovelist
Tue Oct 21, 2014 11:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Employer Reimbursing Health Insurance Premiums - Taxable???
Replies: 12
Views: 681

Re: Write-off capital loss against capital gains?

Yes, your CPA is correct to the best of my knowledge.
As to the HOA fees, I have no idea.
by technovelist
Tue Oct 21, 2014 9:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Write-off capital loss against capital gains?
Replies: 27
Views: 1326

Re: 2nd Opinions on Bond Alternatives?

As they say about poker, if you can't figure out who the fish is, it's you.
Their recommendations aren't in your interest.
by technovelist
Mon Oct 20, 2014 4:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: 2nd Opinions on Bond Alternatives?
Replies: 35
Views: 2263

Re: Why not 100% Stocks?

I decided to go 100% stock in my portfolio after I paid off my house. Seems like a no brainer to me. House is kinda like a big bond anyways. Though in a true crisis/left tail event pretty hard to rebalance from. I'm not sure real estate is really a good thing to have in a real crisis. It certainly ...
by technovelist
Mon Oct 20, 2014 3:26 pm
 
Forum: Investing - Theory, News & General
Topic: Why not 100% Stocks?
Replies: 274
Views: 21866

Re: "I've had it" at work - how often

To be honest, knowing that I could laugh at the latest stupid idea and hand in my papers any time I want to has actually made it easier to deal with the madness. Contemplating that future is almost as much fun as executing it will be. Yes, that is a big help in dealing with the usual nonsense! Peop...
by technovelist
Mon Oct 20, 2014 3:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 151
Views: 12718

Re: online shopping for laptop PC

I bought my 17" Dell at Costco, as they had good prices and of course the best customer service. I also bought an extended warranty through SquareTrade, because many of my laptops have needed service at some point after the regular warranty.
by technovelist
Mon Oct 20, 2014 2:34 pm
 
Forum: Personal Consumer Issues
Topic: online shopping for laptop PC
Replies: 25
Views: 1817

Re: Is it possible to have a favorite movie

I have several "favorite movies": "You've Got Mail" because it is sort of like the way I met my wife. Without the dramatic tension about the conflicting businesses, though. "The Incredibles" because it is hilariously funny and touching as well. "Serenity" beca...
by technovelist
Mon Oct 20, 2014 1:08 pm
 
Forum: Personal Consumer Issues
Topic: Is it possible to have a favorite movie
Replies: 82
Views: 3319

Re: When to think about tax lost harvesting

I did tax loss harvesting in 2008/09 and have more losses than I will ever use up as deductions at ordinary income tax rates- unless I live to be about 140. I was generally able to return to my original fund allocation, except that I presently hold Vanguard's Large cap fund rather than Total Stock ...
by technovelist
Mon Oct 20, 2014 12:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: When to think about tax lost harvesting
Replies: 19
Views: 1457

Re: "I've had it" at work - how often

I'm 51 and a senior IT manager for a major defense contracting firm. For many years I loved my job and virtually never had one of those days. The combination of being financially able to walk away if I wanted to do so and the mounting frustrations of dealing with incompetent government clients has ...
by technovelist
Mon Oct 20, 2014 12:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 151
Views: 12718

Re: How does one hedge against deflation?

A large non-recourse mortgage matched with a position in long-term Treasurys would probably work as a hedge, because one could walk away from the mortgage without penalty (other than having to move, of course), and still keep the Treasurys.
by technovelist
Mon Oct 20, 2014 10:58 am
 
Forum: Investing - Theory, News & General
Topic: How does one hedge against deflation?
Replies: 52
Views: 4229

Re: Why do people use age instead of life expectancy?

I'll use life expectancy when you can tell me what mine is. By the way I'm 40 and dang sure of it. And what a pathetic and nauseating article by an ethicist. The implication that all over 75 are no longer contributing to society... how sad that he feels that way. Him first. By the way, if his name ...
by technovelist
Mon Oct 20, 2014 10:36 am
 
Forum: Investing - Theory, News & General
Topic: Why do people use age instead of life expectancy?
Replies: 43
Views: 2974

Re: Windows XP

4stripes wrote:Windows 7 is significantly better than XP and can be visually arranged identically. I'd update immediately. I held on to XP for a long time but never missed it once I upgraded.


Same here.
by technovelist
Mon Oct 20, 2014 10:32 am
 
Forum: Personal Consumer Issues
Topic: Windows XP
Replies: 64
Views: 3784

Re: "I've had it" at work - how often

Great thread. I used to be in the 70/30 crowd. Love my work (physician taking care of patients) and hated the admin folks overseeing the daily chores. They were incompetent and frustrating to work with as the moves they made no medical or financial sense for the practice. It was hard to listen to s...
by technovelist
Sun Oct 19, 2014 5:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 151
Views: 12718
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