Search found 417 matches

by 2Birds1Stone
Fri Feb 09, 2018 9:55 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5575
Views: 1261202

Re: U.S. stocks in freefall

Purchased $10k of Total Stock Index and $5k of Total Bond Index around lunch time today, causing the afternoon slide. I must say, this being my first real correction with a significant (to me) stock allocation, it makes me question my true risk tolerance. Am I allowed to ask your age and current AA...
by 2Birds1Stone
Fri Feb 09, 2018 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Checkup - Major Life Event
Replies: 17
Views: 2380

Re: Portfolio Checkup - Major Life Event

Sorry for bumping this thread, I am posting this to link to another thread as to prevent derailing it. Current Portfolio Allocation 45% Domestic Stock 23% International Stock 15.6% Domestick Bonds 1.6% International Bonds 13.3% Alternatives 1.6% Cash $240,300 Total Invested as of this morning. Non I...
by 2Birds1Stone
Fri Feb 09, 2018 9:50 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5575
Views: 1261202

Re: U.S. stocks in freefall

I'm afraid of posting my details for fear of derailing this thread.

I will post my current AA in another post and link it here.
by 2Birds1Stone
Fri Feb 09, 2018 8:46 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5575
Views: 1261202

Re: U.S. stocks in freefall

Purchased $10k of Total Stock Index and $5k of Total Bond Index around lunch time today, causing the afternoon slide. I must say, this being my first real correction with a significant (to me) stock allocation, it makes me question my true risk tolerance. Am I allowed to ask your age and current AA...
by 2Birds1Stone
Fri Feb 09, 2018 8:43 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5575
Views: 1261202

Re: U.S. stocks in freefall

Purchased $10k of Total Stock Index and $5k of Total Bond Index around lunch time today, causing the afternoon slide. I must say, this being my first real correction with a significant (to me) stock allocation, it makes me question my true risk tolerance. If you purchased the mutual fund, then you ...
by 2Birds1Stone
Fri Feb 09, 2018 8:42 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5575
Views: 1261202

Re: U.S. stocks in freefall

If 10% is making you question it, you probably have too much in equities. The average peak to trough in a given year in stocks is 14%. And the 2008-2009 debacle saw a peak to trough drop of about 51%. If you don't think you could hold on through that, then you very likely wouldn't . It's hard to se...
by 2Birds1Stone
Thu Feb 08, 2018 5:09 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5575
Views: 1261202

Re: U.S. stocks in freefall

Purchased $10k of Total Stock Index and $5k of Total Bond Index around lunch time today, causing the afternoon slide.

I must say, this being my first real correction with a significant (to me) stock allocation, it makes me question my true risk tolerance.
by 2Birds1Stone
Thu Feb 08, 2018 11:25 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5575
Views: 1261202

Re: U.S. stocks in freefall

fantasytensai wrote:
Thu Feb 08, 2018 11:25 am
Anyone else buying today, or trying to avoid catching a falling knife?
Waiting for the bottom ;)
by 2Birds1Stone
Thu Feb 08, 2018 2:44 am
Forum: Personal Finance (Not Investing)
Topic: Financial Hole
Replies: 163
Views: 13288

Re: Financial Hole

It's amazing how the choices we make are not our fault and the consequences are just some random force of luck eh?

Until you shift your mindset, you will keep digging deeper and deeper into a hole.

I hope you see that sooner than later, and before it's too late.
by 2Birds1Stone
Tue Feb 06, 2018 8:48 pm
Forum: Personal Consumer Issues
Topic: Best BBQ in Austin
Replies: 33
Views: 2618

Re: Best BBQ in Austin

Terry Black's was awesome, I was just there for work last week.

Ironworks BBQ was way over rated.

Moonshine Bar & Grill was another amazing place near downtown.
by 2Birds1Stone
Tue Feb 06, 2018 3:19 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5575
Views: 1261202

Re: U.S. stocks in freefall

CULater wrote:
Tue Feb 06, 2018 3:10 pm
Up nearly 500 at end of day. Whaaaatttt!
Don't hold your breathe
by 2Birds1Stone
Fri Feb 02, 2018 4:09 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5575
Views: 1261202

Re: U.S. stocks in freefall

This is just the start of a much needed correction.
by 2Birds1Stone
Sat Jan 27, 2018 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: My boneheaded financial mistakes
Replies: 124
Views: 17492

Re: My boneheaded financial mistakes

Chucked life savings into gold/silver in 2011-2013. Hesitated to start a Roth IRA till 25 years old. Only contributed to 401k up to company match for first 4 years of career work. Tried to time the market, more than once. Tried shifting to sectors I thought I would outperform the broader market with.
by 2Birds1Stone
Sat Jan 27, 2018 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Who taught you about financial responsibility?
Replies: 107
Views: 6824

Re: Who taught you about financial responsibility?

My dad was my finance teacher, not so much on the investing side though.

He taught me the importance of delayed gratification.

Of paying cash for things, or at least having the cash and using 0% interest.

He taught me the importance of LBYM.

Avoid debt on depreciating assets.

Get a prenup.
by 2Birds1Stone
Sat Jan 27, 2018 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: If you lost your job
Replies: 19
Views: 2564

Re: If you lost your job

I've been a sales professional for almost 10 years, with some management experience. Luckily almost every for profit company needs a sales force, so my prospects of finding gainful employment in almost any industry are very high, especially if I am willing to start at a more junior position and quic...
by 2Birds1Stone
Thu Jan 25, 2018 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire?
Replies: 22
Views: 2551

Re: Can I retire?

OP, yes you can retire. If you are even somewhat flexible on your withdrawal rate, ie cutting to maybe 2.5-3% during a really bad market downturn, and limiting upside spending to maybe 4.5-5% of initial value. Once you factor in SS and the pension you have pretty much 0.000001% chance of failure. Fo...
by 2Birds1Stone
Thu Jan 25, 2018 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire?
Replies: 22
Views: 2551

Re: Can I retire?

FlyGuy, On a plane reading, but how do you retire in the early 50's with most of your money in retirement accounts?? Maybe I am missing something because no one has mentioned that. He's got $375k in CD's and MM accounts. $185 in taxable brokerage account. Then he has Roth principal which he could a...
by 2Birds1Stone
Thu Jan 25, 2018 9:02 pm
Forum: Investing - Theory, News & General
Topic: 401k millionaires
Replies: 158
Views: 23615

Re: 401k millionaires

I am about to hit $100k right before my 31st Birthday.

The only way I will ever see $1M in there is through compounding. Which over the course of 3 decades, should End up somewhere between $500-750k in today's dollars.
by 2Birds1Stone
Thu Jan 25, 2018 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Dear wife quits job and now we are down to 1 income
Replies: 190
Views: 16214

Re: Dear wife quits job and now we are down to 1 income

Sorry to hear about your situation. I haven't read the thread in its entirety, but I have one suggestion that you can implement immediately. $67,000 in EF could be earning as much as 1.6% interest at this time. And many large banks CapitalOne, CIT, GS come to mind have 1.4-1.5% APY on Money Market a...
by 2Birds1Stone
Mon Jan 22, 2018 9:40 pm
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 77
Views: 9087

Re: The Power of Working Longer

I would gladly save 10% more and retire a decade sooner.

Too each their own. Interesting concept, but for me it makes much more sense to think of the inverse relationship.
by 2Birds1Stone
Thu Jan 18, 2018 1:18 pm
Forum: Personal Consumer Issues
Topic: Poll: BHs who rent - what % of gross do you spend on rent?
Replies: 71
Views: 4022

Re: Poll: BHs who rent - what % of gross do you spend on rent?

Exactly 10% of gross salaries.

That includes all utilities in a small 1 bedroom apartment.
by 2Birds1Stone
Tue Jan 09, 2018 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: Sequence of Return Risk impact on Retirement
Replies: 103
Views: 4504

Re: Sequence of Return Risk impact on Retirement

I pick B. Tycoon, Why (B) is bad? There is something simple that I just do not get it. Pardon my stupid question. I am stuck. KlangFool Say you experience significant drops in the first 3-5 years of your retirement, and keep spending at your planned 4% withdrawal rate....mathematically it's much wo...
by 2Birds1Stone
Tue Jan 09, 2018 8:32 pm
Forum: Investing - Help with Personal Investments
Topic: Sequence of Return Risk impact on Retirement
Replies: 103
Views: 4504

Re: Sequence of Return Risk impact on Retirement

B It's the first few years of retirement going relatively poorly year after year and you blindly withdrawing from your portfolio as though everything is peaches and rainbows. Simply being able to scale back a tiny bit on the spending front, or making some side income can greatly reduce this risk. Ma...
by 2Birds1Stone
Mon Jan 01, 2018 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: My 2017 Budget
Replies: 35
Views: 4072

Re: My 2017 Budget

Awesome.

I came in under $25k.

Spending
$6,600 Rent/Utility
$1,060 Grocery
$1,424 Gas
$3,590 Entertainment
$2,900 Depreciation - Car
$471 Vehicle Fund
$1,473 Travel
$600 Cell
$1,284 Insurance
$689 Health/Hygiene
$2,753 Misc
$1,516 Gifting
$24,360 Total 2017 Spending
by 2Birds1Stone
Wed Dec 27, 2017 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $600-650k house?
Replies: 60
Views: 6949

Re: Can I afford a $600-650k house?

Nope, not even with a 20% downpayment.

Sure, you might be able to make it work, but you are likely to feel house poor and if anything happens to income you will be in deep water quick.
by 2Birds1Stone
Sun Dec 24, 2017 6:15 am
Forum: Investing - Help with Personal Investments
Topic: Do you have trouble standing firm on your asset allocation?
Replies: 45
Views: 3895

Re: Do you have trouble standing firm on your asset allocation?

I would highly recommend having a written out personal investment policy statement.

I have found that it has helped keep me honest, though I am still working toward my desired AA with new contributions.
by 2Birds1Stone
Sun Dec 24, 2017 4:29 am
Forum: Investing - Help with Personal Investments
Topic: Are Roth IRAs overrated?
Replies: 77
Views: 7438

Re: Are Roth IRAs overrated?

The way I look at it is as follows.

Spread tax risk in the future.
I'm phased out of tax deduction for tIRA, so Roth is really my only option.
by 2Birds1Stone
Sun Dec 24, 2017 4:25 am
Forum: Investing - Theory, News & General
Topic: Early retirement pros and cons:
Replies: 58
Views: 6850

Re: Early retirement pros and cons:

DrGoogle2017 wrote:
Sat Dec 23, 2017 4:54 pm
But you have a much longer time frame to get bored. My FIL retired at 62 and lived until 91. That’s almost 40 years of practically doing nothing. When I mean nothing, I don’t mean just sitting at home and drinking beer.
29 years is not almost 40.......your post makes much more sense now.
by 2Birds1Stone
Sun Dec 24, 2017 4:20 am
Forum: Investing - Theory, News & General
Topic: What is or was your target multiplier (_ x annual expenses) for retirement?
Replies: 41
Views: 5180

Re: What is or was your target multiplier (_ x annual expenses) for retirement?

#1: What is (or was for those already retired) your expected multiplier, in regards to annual expenses, for retirement? (assume no pension) #2: For those already retired...have you found that your multiplier was sufficient? #3: What length of retirement are or were you planning for with your multip...
by 2Birds1Stone
Sun Dec 24, 2017 4:16 am
Forum: Personal Finance (Not Investing)
Topic: car thread- too much money?
Replies: 85
Views: 7158

Re: car thread- too much money?

There is a whole world of gently used cars that fall somewhere between "used beater" and a $70k loan......

I've spent between $5k and $16k on my last 3 cars and each has lasted well over 5 years and 100k miles before selling and upgrading.

I would not start your career with such poor choices.
by 2Birds1Stone
Sun Dec 24, 2017 4:09 am
Forum: Personal Finance (Not Investing)
Topic: Strategy for month of the year to retire
Replies: 33
Views: 2589

Re: Strategy for month of the year to retire

April 1, start of the new fiscal year.

Should be able to get close to maxing 401k and Roth by then as well, oh and enjoy a full spring/summer/fall in my first year off.
by 2Birds1Stone
Sat Dec 23, 2017 10:16 am
Forum: Investing - Theory, News & General
Topic: Early retirement pros and cons:
Replies: 58
Views: 6850

Re: Early retirement pros and cons:

I'm 30, aspiring to retire before 40. The beauty of the plan is that with so many decades of truly early retirement, I am bound to make money here and there. The biggest uncertainty right now is healthcare costs. If my spouse or I have to work part time for health benefits, that's not the end of the...
by 2Birds1Stone
Sat Dec 23, 2017 10:10 am
Forum: Investing - Theory, News & General
Topic: [Can you retire on] $5mm
Replies: 25
Views: 2779

Re: $5mm

My household spending is roughly $45k/yr, so $5MM is WAY too much money for us. I would rather enjoy my freedom a decade or two earlier.
by 2Birds1Stone
Sat Dec 23, 2017 10:04 am
Forum: Personal Consumer Issues
Topic: How much do you spend on food per month, per person?
Replies: 151
Views: 9350

Re: How much do you spend on food per month, per person?

Household - two adults

$250-300 total household grocery spending. This does not include other household products (paper napkins, cleaning stuff, etc)
by 2Birds1Stone
Sat Dec 23, 2017 10:00 am
Forum: Personal Consumer Issues
Topic: Lunch Ideas
Replies: 44
Views: 4452

Re: Lunch Ideas

Usually leftovers from dinner.
by 2Birds1Stone
Fri Dec 22, 2017 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Accountant fees reasonable?
Replies: 39
Views: 3300

Re: Accountant fees reasonable?

My accountant is in Indiana.

Does my W-2, various 1099-X, and some side hustle taxes for Fed/NYS for $150.
by 2Birds1Stone
Fri Dec 22, 2017 9:59 am
Forum: Personal Consumer Issues
Topic: New Honda CRV is MotorTrend's SUV of the year
Replies: 87
Views: 8502

Re: New Honda CRV is MotorTrend's SUV of the year

Studs are a different story, granted. But then you have to drive around with studs! And studs are actually more dangerous on ice. I don't have studs, and I don't like in the mountains. But I do live in a very hilly area. For 5 winters I drove a 2004 Nissan Sentra with winter tires, no ABS or DSC/ES...
by 2Birds1Stone
Thu Dec 21, 2017 1:54 pm
Forum: Personal Consumer Issues
Topic: New Honda CRV is MotorTrend's SUV of the year
Replies: 87
Views: 8502

Re: New Honda CRV is MotorTrend's SUV of the year

Leesbro63 wrote:
Fri Dec 15, 2017 11:01 am
Isn't one main point of getting an all wheel drive SUV the fact that you shouldn't have to futz with snow tires?
Nope, a FWD car with snow tires will be significantly more capable than an AWD/4WD with all seasons or summer tires.

AWD does not help lateral grip or braking.
by 2Birds1Stone
Fri Dec 15, 2017 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity
Replies: 32
Views: 3922

Re: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity

I personally think a person should work their butt off for about 20 years before they get a sabbatical but maybe I am old school. At 30 you haven't even really worked that hard or made very much money yet (usually). I'd work another 10-15 years and work HARD! Earn your time off. At 32 I will have w...
by 2Birds1Stone
Fri Dec 15, 2017 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Assistance to Adult Child (health insurance)
Replies: 107
Views: 5995

Re: Financial Assistance to Adult Child (health insurance)

A 30 year old is not a "child". It's time for some tough love, not enabling.
by 2Birds1Stone
Thu Dec 14, 2017 1:37 am
Forum: Personal Finance (Not Investing)
Topic: How much did you contribute to your 401k in 2017?
Replies: 155
Views: 10820

Re: How much did you contribute to your 401k in 2017?

$18k employee contributions
$4k employer match

30 years old.

Also contributed $5.5k to Roth IRA and $6,500 to HSA.
by 2Birds1Stone
Wed Dec 13, 2017 12:41 am
Forum: Personal Finance (Not Investing)
Topic: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity
Replies: 32
Views: 3922

Re: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity

OP here, Thank you to all of those who took the time to respond. While we are not married, we are recently engaged, have been together for over 7 years and cohabiting for over 6. We may get married before this gap year, or not. Time will tell, but we have very similar goals and priorities in life. E...
by 2Birds1Stone
Sun Dec 10, 2017 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford? (First Home)
Replies: 27
Views: 2489

Re: How much house can I afford? (First Home)

Grt2bOutdoors wrote:
Sun Dec 10, 2017 7:58 pm
Rent! Use the money to reduce borrowing cost, at least you will benefit from lower debt burden and maximum flexibility in moving.
^+1, unless you don't see this relationship lasting.
by 2Birds1Stone
Sun Dec 10, 2017 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity
Replies: 32
Views: 3922

Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity

Looking for some insight from those of you who have either considered or pulled the trigger on something like this in the past, present, or future. I'm currently 30 and my SO is 26. We are considering taking a gap year (6-12 months) off of work to spend time with family in other parts of the world, ...
by 2Birds1Stone
Sun Dec 10, 2017 6:36 pm
Forum: Personal Consumer Issues
Topic: Save all this money, what do you splurge on?
Replies: 193
Views: 17301

Re: Save all this money, what do you splurge on?

For us it is a couple of things 1) High-end spec gaming computers. I just purchased my husband a new one, and I'll get his old one. We keep them around 8 years each, but we spend at least a couple of hours a day during the week and a bit more on the weekend. 2) Cars - we both have late model cars. ...
by 2Birds1Stone
Sat Dec 09, 2017 6:31 pm
Forum: Personal Consumer Issues
Topic: Price of haircut?
Replies: 194
Views: 11244

Re: Price of haircut?

Male here, $16 + $4 tip, once every 4-5 weeks.
by 2Birds1Stone
Sat Dec 09, 2017 2:39 pm
Forum: Personal Consumer Issues
Topic: Save all this money, what do you splurge on?
Replies: 193
Views: 17301

Re: Save all this money, what do you splurge on?

As a couple we have saved ~50% of our take home income over the past 3 years, but we do enjoy certain pricey things. 1) Eating out and going for drinks with family/friends quite often 2) Typically with things I will use for a long time, I "buy it for life" and get a high quality expensive version th...
by 2Birds1Stone
Sat Dec 09, 2017 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Re-inventing career in mid 30s? Law? Tech? Sales?
Replies: 18
Views: 2339

Re: Re-inventing career in mid 30s? Law? Tech? Sales?

Sales - Try it! Sales jobs often have a pretty low barrier to entry, depending on what you're selling of course. If you're good at it you can make a ton and move up quickly, and the hours can vary widely and aren't bad at all in some fields (especially if you're making your quota). I have friends i...
by 2Birds1Stone
Fri Dec 08, 2017 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: Retire in my early 40s? Crazy or actually doable?
Replies: 77
Views: 11150

Re: Retire in my early 40s? Crazy or actually doable?

Your portfolio could sustain a 3-3.5% withdrawal date indefinitely, assuming you stick to a 50/50 allocation.

At your asset levels, that's $60-70k/yr.
by 2Birds1Stone
Fri Dec 08, 2017 2:33 pm
Forum: Investing - Theory, News & General
Topic: Call the top! - Bitcoin
Replies: 182
Views: 18193

Re: Call the top! - Bitcoin

Swelfie wrote:
Thu Dec 07, 2017 11:53 pm
Calling 100k
^ as much as I hate to say it, I think we will see $100k before a split.