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Re: How can I stop feeling depressed about my finances?

Yes, editing is my passion. Much of my academic research centred around textual editing/editorial theory, and all through my student days I was the go-to for proof reading papers, editing short stories, "making stuff sound good," etc. I completed an editing assessment for a Technical Writ...
by technovelist
Mon Sep 29, 2014 6:07 pm
 
Forum: Personal Consumer Issues
Topic: How can I stop feeling depressed about my finances?
Replies: 70
Views: 3921

Re: Investing on behalf of parent nearing retirment ~$150K

Is she going to retire in her home country? That isn't clear from your post, and is very important. Great question. And the answer is most likely. There is also possibility that she will come live with me, or splitting her time on both counties, especially if there will be grand children. If she sp...
by technovelist
Mon Sep 29, 2014 6:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing on behalf of parent nearing retirment ~$150K
Replies: 4
Views: 272

Re: How can I stop feeling depressed about my finances?

Yes, editing is my passion. Much of my academic research centred around textual editing/editorial theory, and all through my student days I was the go-to for proof reading papers, editing short stories, "making stuff sound good," etc. I completed an editing assessment for a Technical Writ...
by technovelist
Mon Sep 29, 2014 5:47 pm
 
Forum: Personal Consumer Issues
Topic: How can I stop feeling depressed about my finances?
Replies: 70
Views: 3921

Re: Investing on behalf of parent nearing retirment ~$150K

Is she going to retire in her home country? That isn't clear from your post, and is very important.
by technovelist
Mon Sep 29, 2014 5:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing on behalf of parent nearing retirment ~$150K
Replies: 4
Views: 272

Re: what is risk?

[I don't think Joe (or Jane) investor will get this, you need to couple the explanation with sequence of returns - what this means (at least to me). Bear in mind I think like an engineer. A large variance means that the market will tank even lower than you thought precisely when you need the money ...
by technovelist
Mon Sep 29, 2014 4:28 pm
 
Forum: Investing - Theory, News & General
Topic: what is risk?
Replies: 81
Views: 2716

Re: Savings exceed lifetime earnings

Yes, nominal terms are meaningless over long periods of time. For example, my first salary after college was $6,500/year, which is equivalent to $42,000 today according to http://inflationdata.com/Inflation/Infl ... Calculator.
by technovelist
Mon Sep 29, 2014 4:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Savings exceed lifetime earnings
Replies: 13
Views: 2808

Re: rebalancing conundrum/paradox/irony

If you take this question to its logical extreme, you end up with Mortgage Your Retirement: buy all your stocks as soon as possible, use new savings to pay down your margin loan. The problem with this solution is that stocks are not the only risky assets--you also have bonds and maybe stuff like re...
by technovelist
Mon Sep 29, 2014 4:18 pm
 
Forum: Investing - Theory, News & General
Topic: rebalancing conundrum/paradox/irony
Replies: 63
Views: 3265

Re: what is risk?

[I don't think Joe (or Jane) investor will get this, you need to couple the explanation with sequence of returns - what this means (at least to me). Bear in mind I think like an engineer. A large variance means that the market will tank even lower than you thought precisely when you need the money ...
by technovelist
Mon Sep 29, 2014 4:15 pm
 
Forum: Investing - Theory, News & General
Topic: what is risk?
Replies: 81
Views: 2716

Re: Owning Your Company's Bonds?

I'd love to own bonds in our corp. They pay out at 6.5%, but the spread to buy them from trad'l brokerages is way to high for me. PG£E, Enron, MCI-Worldcom, adelphia, Tyco, US Air, Conseco, Trump Entertainment, Delta Airlines, Northwest Airlines, Delphi, Rwfco, Indymac, WAMU, Lehman Bros, Tribune G...
by technovelist
Mon Sep 29, 2014 4:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Owning Your Company's Bonds?
Replies: 6
Views: 307

Re: How Long Should I Keep My Car?

100K miles is a decent number. If you are doing that amount of driving I'm assuming it is mostly highway, that will generally stress the vehicle less and you should get longer life. Pick a brand with a high power-train warranty (some offer 10 years / 100K miles) and maintain it. With modern vehicle...
by technovelist
Mon Sep 29, 2014 3:55 pm
 
Forum: Personal Consumer Issues
Topic: How Long Should I Keep My Car?
Replies: 37
Views: 2158

Re: How can I stop feeling depressed about my finances?

Remember, "it's not what you make; it's what you keep." People who make a lot more than you do often end up with a lot less than you could end up with... if you squirrel away a significant portion of your salary.
by technovelist
Mon Sep 29, 2014 2:18 pm
 
Forum: Personal Consumer Issues
Topic: How can I stop feeling depressed about my finances?
Replies: 70
Views: 3921

Re: Protection from a market crash

The Harry Browne Permanent Portfolio (HBPP) provides pretty good protection from a market crash. Of course there can be major tracking error during major stock bull markets, but overall it is pretty close in return with considerably less volatility. There are plenty of threads about this portfolio a...
by technovelist
Mon Sep 29, 2014 12:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Protection from a market crash
Replies: 17
Views: 1270

Re: See both financial advisor and elder law lawyer for Mom?

I'm sorry to hear about your father. That is a tough thing for you and your mom to go through. [OT comments removed by admin LadyGeek] I think you are correct that you want to speak to a financial advisor and elder law attorney. The biggest thing in your favor though is that your mother is thinking...
by technovelist
Mon Sep 29, 2014 11:02 am
 
Forum: Personal Finance (Not Investing)
Topic: See both financial advisor and elder law lawyer for Mom?
Replies: 36
Views: 1324

Re: Much too Aggressive!!

Sidney wrote:
Sweetbriar wrote:$1,300,000 in his employee owned company stock.


This may be the biggest risk.


+1.3 Million
by technovelist
Sun Sep 28, 2014 10:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Much too Aggressive!!
Replies: 9
Views: 1303

Re: Why do people buy annuities?

So I'll admit, I fly first class when I know I can get a better deal in coach. first class makes me happy, comfortable and less miserable. I'd love to fly first-class, but someone on this site once said "If someone offered you $3000 cash to sit in an uncomfortable chair and read a book for 8 h...
by technovelist
Sun Sep 28, 2014 9:41 pm
 
Forum: Investing - Theory, News & General
Topic: Why do people buy annuities?
Replies: 50
Views: 3748

Re: Why do people buy annuities?

For those who are visually oriented here's a graph of survival probabilities cribbed from Wade Pfau's blogsite (Safe Withdrawal Rates and Life Expectancy, Part 2). http://www3.grips.ac.jp/~wpfau/images/F5.jpg (It may not exactly correspond to your situation but broad inferences may nonetheless be d...
by technovelist
Sat Sep 27, 2014 6:59 pm
 
Forum: Investing - Theory, News & General
Topic: Why do people buy annuities?
Replies: 50
Views: 3748

Re: rebalancing conundrum/paradox/irony

Does this count as a toppy indicator, such as "Why isn't everyone 100% 200% stocks?"?
by technovelist
Sat Sep 27, 2014 6:37 pm
 
Forum: Investing - Theory, News & General
Topic: rebalancing conundrum/paradox/irony
Replies: 63
Views: 3265

Re: Why not 100% CD's?

letsgobobby wrote:also if you are that risk averse and willing to take such a low rate of return, why not annuitize a portion of your portfolio?


Agreed.
by technovelist
Fri Sep 26, 2014 3:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why not 100% CD's?
Replies: 73
Views: 4906

Re: POLL: Would you rather work half as long or half as ofte

I'm surprised to see so many comments where people say "I love my job". Even during the stretches of my career where I've been happiest with my job, I never would have used the word love to describe my relationship to it. At most, my attitude has been, "Sure there are things I'd rath...
by technovelist
Fri Sep 26, 2014 3:24 pm
 
Forum: Personal Consumer Issues
Topic: POLL: Would you rather work half as long or half as often?
Replies: 62
Views: 3470

Re: "What to do if you win the lottery...."

ieee488 wrote:I would be more concerned about how to drop out of sight once the news hits the fan.
Change telephone numbers, etc.


First, before you cash in the ticket, set up a trust and have it cash the ticket.
Problem solved! :moneybag
by technovelist
Fri Sep 26, 2014 3:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: "What to do if you win the lottery...."
Replies: 9
Views: 1293

Re: "What to do if you win the lottery...."

Retire and think about where I want to live the rest of my life.
by technovelist
Fri Sep 26, 2014 3:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: "What to do if you win the lottery...."
Replies: 9
Views: 1293

Re: Why do people buy annuities?

cheese_breath wrote:
technovelist wrote:With life annuities, the answer is "Making sure you don't run out of money before you die".

Except in OP's case he was only talking about a 25 year guarantee rather than a lifetime guarantee.


Ah, I see you are correct.
In that case, I see no big advantage to a term-certain annuity.
by technovelist
Fri Sep 26, 2014 1:33 pm
 
Forum: Investing - Theory, News & General
Topic: Why do people buy annuities?
Replies: 50
Views: 3748

Re: Why do people buy annuities?

With life annuities, the answer is "Making sure you don't run out of money before you die".
by technovelist
Fri Sep 26, 2014 1:21 pm
 
Forum: Investing - Theory, News & General
Topic: Why do people buy annuities?
Replies: 50
Views: 3748

Re: Motorcycle for short commute?

Electric powered roller skates?? : New product. They go over your existing footwear. Weigh 7 pounds each. Easy to stop and start with foot movements. 12 mph max speed. Quick charging although plenty of range for the OP. Anyway, interesting idea ;-) Personally, I wait for version 2.0. http://www.wir...
by technovelist
Fri Sep 26, 2014 12:30 pm
 
Forum: Personal Consumer Issues
Topic: Motorcycle for short commute?
Replies: 67
Views: 4024

Re: History of U.S. Inflation — Appearances Can Be Deceiving

Remember that one person's spending represents another person's income. In the aggregate, spending equals income. Higher inflation means more income. There are, of course, distributional issues. Very high inflation can be a serious problem, but the Fed certainly has the tools and eagerness to preve...
by technovelist
Fri Sep 26, 2014 12:20 pm
 
Forum: Investing - Theory, News & General
Topic: History of U.S. Inflation — Appearances Can Be Deceiving
Replies: 16
Views: 2316

Re: Will Bill Gross beat the Total Bond Market Index?

I'll have to get my magic 8-ball out to answer that. :confused
by technovelist
Fri Sep 26, 2014 12:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Will Bill Gross beat the Total Bond Market Index?
Replies: 57
Views: 5703

Re: Why not 100% CD's?

The risk of being in 100% CDs with a current real return of 0% is if unexpected inflation shows up your purchasing power will be crushed. Thanks John. But let me ask you this, if inflation became an issue, wouldn't CD rates be rising as well. Stocks are no guarantee against inflation. Rising rates ...
by technovelist
Fri Sep 26, 2014 11:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Why not 100% CD's?
Replies: 73
Views: 4906

Re: Should I currency hedge, and, if so, how?

I doubt there is any reasonably cost-effective way for you to do this for such a relatively small amount.
by technovelist
Fri Sep 26, 2014 11:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I currency hedge, and, if so, how?
Replies: 4
Views: 249

Re: Cliff Notes (new post from Asness) IMO very well worth r

countmein wrote:
Bustoff wrote:What would a practical example of this? In other words, how would an individual investor put this into practice?


Permanent Portfolio
Wellesley
Larry Portfolio


+1 for the (HB)PP. I'm not as familiar with the others.
by technovelist
Fri Sep 26, 2014 11:15 am
 
Forum: Investing - Theory, News & General
Topic: Cliff Notes (new post from Asness) IMO very well worth readi
Replies: 20
Views: 2390

Re: Why I sold my gold, and would sell commodities too

To me gold is good for a localized currency crisis. If something happens and your local currency declines by double digit % compared to a basket of world currency it might be nice to hold a bit of gold. The question becomes will your government allow you to redeem it and will they tax you to hell a...
by technovelist
Fri Sep 26, 2014 11:04 am
 
Forum: Investing - Theory, News & General
Topic: Why I sold my gold, and would sell commodities too
Replies: 56
Views: 4005

Re: Any disadvantages of filing for unemployment?

rob wrote:Might want to check it out but normally severance does not count for filing.... so she might be already able to file.


I believe it depends on how it is arranged. Sometimes monthly severance pay prevents filing.
But the OP should call the unemployment office; they should know the answer to that.
by technovelist
Fri Sep 26, 2014 11:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Any disadvantages of filing for unemployment?
Replies: 22
Views: 2135

Re: Stubbornly Non-Boglehead Husband. What To Do?

The real issue with losing $500k in a month is that nothing really crazy has happened lately... How much is he betting to lose that much? What happens if the market (or whatever stock he's betting on), or gold really crashes next month? I mean he lost $500k, and gold hasn't moved that much in any s...
by technovelist
Fri Sep 26, 2014 10:57 am
 
Forum: Investing - Theory, News & General
Topic: Stubbornly Non-Boglehead Husband. What To Do?
Replies: 122
Views: 7493

Re: ISOs, AMT, Taxes...Oh My!

I know tax law doesn't make much sense sometimes, but I seriously doubt you would have to pay taxes twice on the same gain. I suspect the AMT amount gets credited somehow. But you definitely need a tax professional for this, if H&R Block At Home or whatever tax program you use doesn't have provi...
by technovelist
Fri Sep 26, 2014 10:26 am
 
Forum: Investing - Help with Personal Investments
Topic: ISOs, AMT, Taxes...Oh My!
Replies: 6
Views: 432

Re: Any disadvantages of filing for unemployment?

I live in Texas and filed when I lost my job some years ago. The payments aren't very big but they are better than nothing. I don't think it will hurt you other than that I believe unemployment payments are taxable income, but unless you are in at least the 100% bracket :confused you should still wi...
by technovelist
Fri Sep 26, 2014 10:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Any disadvantages of filing for unemployment?
Replies: 22
Views: 2135

Re: It's pretty freaky watching your stocks go up & down all

Try watching the S&P drop several hundred points in a day - and more the next day. Hard to see it as the buying opportunity that it usually is unless you have been there before. I don't think the S&P 500 has dropped several hundred points in a day very frequently (like never). Perhaps you m...
by technovelist
Thu Sep 25, 2014 6:00 pm
 
Forum: Investing - Theory, News & General
Topic: It's pretty freaky watching your stocks go up & down all day
Replies: 60
Views: 5384

Re: [S&P is down 1.3% !!!]

I just thought it was a custom to have a hysterical post whenever the stock market didn't go up for a day, so I was contributing my share. :confused
by technovelist
Thu Sep 25, 2014 5:51 pm
 
Forum: Investing - Theory, News & General
Topic: [S&P is down 1.3%, thus] We're all going to die!!!
Replies: 58
Views: 4715

Re: Trying to understand Uber and similar "ride sharing" ser

Aside from the question of whether unlicensed individuals really have adequate insurance, safe cars, have adequate training and experience as safe drivers, and have had criminal or nutcase-identifying background checks and the like that may be required by local licensing authorities for real taxi s...
by technovelist
Thu Sep 25, 2014 5:39 pm
 
Forum: Personal Consumer Issues
Topic: Trying to understand Uber and similar "ride sharing" service
Replies: 51
Views: 3098

Re: Too many houses?

I think you're fine. Having 11% of your net worth in real estate isn't all that much. Just invest all that extra cache flow in stocks and bonds if you're worried about it. Yes, but it isn't 11%, it's 50%. His real estate exposure is the gross value of his properties, unless he has non-recourse mort...
by technovelist
Thu Sep 25, 2014 5:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Too many houses?
Replies: 23
Views: 3486

Re: Trying to understand Uber and similar "ride sharing" ser

I think this is an example of technology racing far ahead of legislation and regulation. Most breakthroughs in society come from such events. If the general public preferred regulated taxis to using these services, they would fold up, so obviously that is not the case; as usual, it is mostly the oli...
by technovelist
Thu Sep 25, 2014 5:21 pm
 
Forum: Personal Consumer Issues
Topic: Trying to understand Uber and similar "ride sharing" service
Replies: 51
Views: 3098

Re: Too many houses?

I would say you are seriously over-concentrated in real estate. If I were in your position, I would lighten up .
By coincidence, I have a friend in a position somewhat like yours and he is working on reducing his holdings at present.
by technovelist
Thu Sep 25, 2014 5:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Too many houses?
Replies: 23
Views: 3486

Re: [S&P is down 1.3% !!!]

whomever wrote:
...the human mortality rate is still 100 %...


Not true! It's only 94%, according to the best available evidence:

http://www.scientificamerican.com/artic ... mber-dead/

:-)


Ok, then I retract my original title. :D
by technovelist
Thu Sep 25, 2014 5:05 pm
 
Forum: Investing - Theory, News & General
Topic: [S&P is down 1.3%, thus] We're all going to die!!!
Replies: 58
Views: 4715

Re: We're all going to die!!!

I just realized that a nice benefit of having your portfolio split between 2 accounts with equities in one and bonds in the other is that pretty much everyday one of them will be green. It's kind of nice psychologically when I hear people/news talking about how bad the market is doing to look at my...
by technovelist
Thu Sep 25, 2014 4:22 pm
 
Forum: Investing - Theory, News & General
Topic: [S&P is down 1.3%, thus] We're all going to die!!!
Replies: 58
Views: 4715

Re: We're all going to die!!!

mptness wrote:
jimb_fromATL wrote:Since 1950 there have been over 1000 days that were as bad or worse.


I think we had 5 this year, and I for one am still alive (by coincidence only).


Isn't that just a case of survivorship bias? :mrgreen:
by technovelist
Thu Sep 25, 2014 3:35 pm
 
Forum: Investing - Theory, News & General
Topic: [S&P is down 1.3%, thus] We're all going to die!!!
Replies: 58
Views: 4715

Re: Stubbornly Non-Boglehead Husband. What To Do?

The real issue with losing $500k in a month is that nothing really crazy has happened lately... How much is he betting to lose that much? What happens if the market (or whatever stock he's betting on), or gold really crashes next month? I mean he lost $500k, and gold hasn't moved that much in any s...
by technovelist
Thu Sep 25, 2014 3:10 pm
 
Forum: Investing - Theory, News & General
Topic: Stubbornly Non-Boglehead Husband. What To Do?
Replies: 122
Views: 7493

Re: We're all going to die!!!

I started a new job on Black Monday 1987, so I remember it well. :mrgreen:
by technovelist
Thu Sep 25, 2014 3:08 pm
 
Forum: Investing - Theory, News & General
Topic: [S&P is down 1.3%, thus] We're all going to die!!!
Replies: 58
Views: 4715

Re: You may want to rethink the odds of ever needing LTCi

skepticalobserver's referenced article provides an example >Consider a 60-year-old couple who purchase $6,000 per month of coverage for a three year benefit period and 3% compound inflation rider. Sounds like a great option to me...big deductible AND no coverage of the tail risk. Yes, that sounds l...
by technovelist
Thu Sep 25, 2014 2:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: You may want to rethink the odds of ever needing LTCi
Replies: 89
Views: 8673

Re: The Paradox of Skill: Greater skill leads to more luck

I think the takeaway is that with a narrow dispersion of skill, random fluctuations will have more effect on the outcome, because the skill differences are small enough not to determine the results. By "random fluctuations" you mean luck? I think this basically is what he's saying, but it...
by technovelist
Thu Sep 25, 2014 2:53 pm
 
Forum: Investing - Theory, News & General
Topic: The Paradox of Skill: Greater skill leads to more luck
Replies: 11
Views: 1225

Re: We're all going to die!!!

yahoo finance and all that other noise is going to have a field day with this. It's the big correction, everybody panic!!! Case in point: http://www.cnbc.com/id/102032946 "TOXIC FACTORS" ?!?! Time to abandon ship ! :P Yes, this is obviously the reason! "Traders pointed to no one reas...
by technovelist
Thu Sep 25, 2014 2:48 pm
 
Forum: Investing - Theory, News & General
Topic: [S&P is down 1.3%, thus] We're all going to die!!!
Replies: 58
Views: 4715

Re: Stubbornly Non-Boglehead Husband. What To Do?

The real issue with losing $500k in a month is that nothing really crazy has happened lately... How much is he betting to lose that much? What happens if the market (or whatever stock he's betting on), or gold really crashes next month? I mean he lost $500k, and gold hasn't moved that much in any s...
by technovelist
Thu Sep 25, 2014 2:42 pm
 
Forum: Investing - Theory, News & General
Topic: Stubbornly Non-Boglehead Husband. What To Do?
Replies: 122
Views: 7493

Re: Stubbornly Non-Boglehead Husband. What To Do?

However, I don't think the situation is nearly as dire as some posters seem to think! Please forgive us, but losing $500k in a month would leave a lot of us eating cat food. +1000 This is a matter of perspective. It boggles the mind that losing $500K did not result in immediate divorce proceedings,...
by technovelist
Thu Sep 25, 2014 2:04 pm
 
Forum: Investing - Theory, News & General
Topic: Stubbornly Non-Boglehead Husband. What To Do?
Replies: 122
Views: 7493
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