Search found 227 matches

by BlackStrat
Sun Dec 10, 2017 9:31 am
Forum: Investing - Theory, News & General
Topic: Would a Bitcoin Crash affect the general markets?
Replies: 25
Views: 1806

Would a Bitcoin Crash affect the general markets?

My limited knowledge of bitcoin see it simply as a hyped-up and speculative currency with no ties to anything of real value.

What (if anything) would a crash do to the general stock market?
by BlackStrat
Tue Dec 05, 2017 8:48 am
Forum: Investing - Theory, News & General
Topic: Bonds Are Riskier Than People Think
Replies: 137
Views: 11780

Re: Bonds Are Riskier Than People Think

nisiprius wrote:
Sun Dec 03, 2017 10:56 am
They don't lead to a lower total return in dollars. A bond is a contract to pay specific numbers of dollars ..........
thank you nisiprius - this (entire) post was one of the best (pithy) explanations I've seen and should be a sticky somewhere
by BlackStrat
Mon Nov 27, 2017 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Inspiration to Work After You've Already "Won"?
Replies: 17
Views: 1677

Re: Inspiration to Work After You've Already "Won"?

I take it you're not a blues musician? If you were then $2M in the bank certainly wouldn't work and I understand your issue (see below about an IRA): How To Sing The Blues (excuse the formatting): Most blues begin with "woke up this morning". I got a good woman” is a bad way to begin the blues, unle...
by BlackStrat
Mon Nov 27, 2017 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Currently have $700,000 at 26 years old get $100,000 a year
Replies: 165
Views: 25828

Re: Currently have $700,000 at 26 years old get $100,000 a year

All you need to do is marry one of the gals from school who are used to the good life to realize that maybe you don't have that much money afterall and may end up closer to broke in a couple of decades after trying to live a lifestyle of which you really can't afford. My advice? take a sabbatical an...
by BlackStrat
Wed Nov 08, 2017 7:43 am
Forum: Investing - Theory, News & General
Topic: "$1 Million is Closer Than You Think"
Replies: 54
Views: 9512

Re: "$1 Million is Closer Than You Think"

It's a start and an attention grabber. For someone who doesn't have it, $1mil probably seems to be a lofty goal and this ad helps them realize it's actually doable. After they reach it, they may start researching SWR's and realize $1mil isn't what it used to be, but as they say the first million is ...
by BlackStrat
Fri Nov 03, 2017 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Should I decline Grand Prize trip because of taxes on winnings?
Replies: 93
Views: 8524

Re: Should I decline Grand Prize trip because of taxes on winnings?

Like my husband said, “if you were going to spend $4000 on a trip, would this be it?” And the answer is no, this is not my “dream trip”. However it is an unusual opportunity that will never happen again, and I’m sure I would enjoy it. Another way of looking at it is the fact that you're getting a h...
by BlackStrat
Mon Oct 23, 2017 8:29 am
Forum: Investing - Help with Personal Investments
Topic: Is it ok to have 100% stocks, 15 years+
Replies: 97
Views: 8610

Re: Is it ok to have 100% stocks, 15 years+

msk wrote:
Mon Oct 23, 2017 8:23 am
18 years post retirement, and I am still 100% in stocks :mrgreen:
Whoa! Really?

That's awesome!
by BlackStrat
Thu Oct 19, 2017 9:27 am
Forum: Personal Finance (Not Investing)
Topic: 2 Commas, Seven Figure
Replies: 19
Views: 3345

Re: 2 Commas, Seven Figure

Congratulations!

...and the good news is you'll probably get to celebrate it again after the way things are looking in the market today! :annoyed
by BlackStrat
Thu Oct 19, 2017 9:14 am
Forum: Investing - Help with Personal Investments
Topic: Wondering if I need to balance better
Replies: 7
Views: 1044

Re: Wondering if I need to balance better

I don't have much to add as far as answering your questions but just wanted to give you a shout out and a little more encouragement. You've been dealt a tough hand but you're showing some true mettle in taking charge of your situation. Considering how things happened, you still (smartly) chose media...
by BlackStrat
Mon Oct 09, 2017 9:11 pm
Forum: Investing - Theory, News & General
Topic: "Simplify Your Investment Plan" -- Morningstar
Replies: 5
Views: 1765

Re: "Simplify Your Investment Plan" -- Morningstar

I'm a simple man without a simple plan!

thanks for the food for thought!
by BlackStrat
Sat Oct 07, 2017 10:20 am
Forum: Investing - Theory, News & General
Topic: Has your "risk tolerance" been tested?
Replies: 105
Views: 7050

Re: Has your "risk tolerance" been tested?

ignorance is bliss and I just didn't pay too much attention in 2008; most likely because I assumed I'd never have enough for retirement. Well the last bunch of years have been good to my portfolio and it's time to adjust my AA (currently 78/28). I really have a hard time emotionally (you can call it...
by BlackStrat
Sat Oct 07, 2017 10:11 am
Forum: Investing - Help with Personal Investments
Topic: Trying to convince my sister not to use a financial advisor
Replies: 59
Views: 4427

Re: Trying to convince my sister not to use a financial advisor

Explain to her the concept of the Safe Withdrawal Rate (SWR) at retirement age (being able to withdraw 4% of your portfolio per year to maintain a a balance for 30 years).

This advisor would be taking a huge chunk of that yearly.
by BlackStrat
Thu Oct 05, 2017 8:19 am
Forum: Personal Finance (Not Investing)
Topic: That blank stare... ?
Replies: 49
Views: 3142

Re: That blank stare... ?

If the money runs out, you can be sure that'll get their FULL attention!
by BlackStrat
Fri Sep 15, 2017 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Advice Badly Needed---Meeting with Financial Advisor
Replies: 49
Views: 4127

Re: Advice Badly Needed---Meeting with Financial Advisor

What luck that had you find the Bogleheads! From what I've seen, most of these 'advisors' are either insurance salesmen (like this one) or bloodsucking leeches preying on vulnerable people who haven't done a little bit of research on a subject that really doesn't have to be very complicated. Studies...
by BlackStrat
Fri Sep 15, 2017 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Personal Milestone-this is the only place to share
Replies: 21
Views: 2476

Re: Personal Milestone-this is the only place to share

Congratulations - before you know it, your money will start making more money than you're making!
by BlackStrat
Fri Aug 25, 2017 6:31 am
Forum: Personal Finance (Not Investing)
Topic: "Why do you want to come here?" Hiring Manager Question
Replies: 19
Views: 3071

Re: "Why do you want to come here?" Hiring Manager Question

Based on your 1st paragraph, it sounds like it won't be a stretch to just be honest and have your enthusiasm for the job speak volumes for itself.
by BlackStrat
Fri Aug 04, 2017 10:48 am
Forum: Investing - Help with Personal Investments
Topic: Greenspan says Bond 'bubble' about to burst
Replies: 12
Views: 983

Re: Greenspan says Bond 'bubble' about to burst

Why would you change your asset allocation by a sudden 10% chunk? Is it because you're planning to retire soon? Yes - I pretty much kept a 100% equity AA throughout most of my investing career (before I discovered Bogleheads) and am now at 25% bond. I'm most likely (forcibly) retiring in the next c...
by BlackStrat
Fri Aug 04, 2017 10:32 am
Forum: Investing - Help with Personal Investments
Topic: Greenspan says Bond 'bubble' about to burst
Replies: 12
Views: 983

Re: Greenspan says Bond 'bubble' about to burst

that's reassuring CnC and a great way to look at it.
by BlackStrat
Fri Aug 04, 2017 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Greenspan says Bond 'bubble' about to burst
Replies: 12
Views: 983

Re: Greenspan says Bond 'bubble' about to burst

Why would you change your asset allocation by a sudden 10% chunk? Is it because you're planning to retire soon? Yes - I pretty much kept a 100% equity AA throughout most of my investing career (before I discovered Bogleheads) and am now at 25% bond. I'm most likely (forcibly) retiring in the next c...
by BlackStrat
Fri Aug 04, 2017 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Greenspan says Bond 'bubble' about to burst
Replies: 12
Views: 983

Greenspan says Bond 'bubble' about to burst

While I wouldn't put him in the same category as the chicken-littles over at Market Watch, I get a little fearful of stories like this as I prepare to pull the trigger and modify my AA by increasing my bond portfolio by 10+%. https://www.cnbc.com/2017/08/04/greenspan-bond-bubble-about-to-break-becau...
by BlackStrat
Thu Jul 20, 2017 8:10 am
Forum: Investing - Theory, News & General
Topic: Most Americans don't trust financial advisers
Replies: 64
Views: 6900

Re: Most Americans don't trust financial advisers

More telling is that most Americans don't have enough investable assets to actually be able to HIRE a financial adviser

:shock:
by BlackStrat
Wed Jul 12, 2017 8:25 am
Forum: Investing - Help with Personal Investments
Topic: Recent inheritance + mix of retirement funds + 5 years from retirement = confusion
Replies: 16
Views: 1983

Re: Recent inheritance + mix of retirement funds + 5 years from retirement = confusion

I'm also sorry for your loss - your mother left you a fine inheritance. If it were me, I would simplify by converting all of the taxable funds into a small, diversified set of funds (such as the 3-fund portfolio). Since the inheritance is recent, take advantage of selling so as not to get hit with a...
by BlackStrat
Mon Jul 10, 2017 8:37 am
Forum: Investing - Help with Personal Investments
Topic: Should I invest in this business?
Replies: 19
Views: 1569

Re: Should I invest in this business?

I hear the latest craze for the kids is snorting chocolate.

Perhaps you open a 'SnortBucks' (??)

:shock:
by BlackStrat
Fri Jun 30, 2017 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard recommended Retirement allocation too simple?
Replies: 70
Views: 7534

Re: Vanguard recommended Retirement allocation too simple?

This is EXACTLY the AA I put my mother into in 2000 and it survived (and thrived) through both the internet and 2008 bubbles.

If I did it different now, it would probably be no international bonds...but I'm not sure it would make much of a difference.

Stay the course!
by BlackStrat
Wed Jun 07, 2017 10:36 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones, American Funds, Fiduciary Rule changes
Replies: 31
Views: 3348

Re: Edward Jones, American Funds, Fiduciary Rule changes

Taylor Larimore wrote:You can read more about Edward Jones here:
http://kronstantinople.blogspot.com/p/e ... -saga.html
That was some read Taylor - frightening what they get away with!

I've forwarded it to some friends
by BlackStrat
Tue May 30, 2017 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: i am my own "guy," but not sure I should advertise that
Replies: 107
Views: 15124

Re: i am my own "guy," but not sure I should advertise that

Nobody ever asks me who my 'guy' is; probably because they don't think I have any money based on the relatively humble condition of my house, car and clothes (in reality, that stuff doesn't really mean much to me and I'm fine with what I have). Therefore, I must be a 'millionaire next door' success!...
by BlackStrat
Tue May 30, 2017 7:55 am
Forum: Personal Finance (Not Investing)
Topic: What do you guys do on the side?
Replies: 165
Views: 25554

Re: What do you guys do on the side?

livesoft wrote:My side hustle is teaching at medical schools. It doesn't pay very well though since I am not an MD.
:shock: :shock:
by BlackStrat
Fri May 19, 2017 9:31 am
Forum: Investing - Help with Personal Investments
Topic: Return visitor in need of a little assistance
Replies: 13
Views: 1267

Re: Return visitor in need of a little assistance

Remember that you can do it any way you'd like; you don't necessarily have to take an immediate 10% plunge to get to 30%.

Do it in smaller increments over the course of the year
(then you can second guess it and determine how much you saved/gained/lost with that approach :happy )
by BlackStrat
Fri May 19, 2017 6:40 am
Forum: Investing - Theory, News & General
Topic: Is the Total Stock Market Index fund tax efficient?
Replies: 20
Views: 3521

Re: Is the Total Stock Market Index fund tax efficient?

It's the expense ratio... https://personal.vanguard.com/us/funds/snapshot?FundIntExt=INT&FundId=0585 Used to be 0.07%, now it's down to 0.04% so $400 a year (I made a typo up there saying a month, it's a year) in fees to own $1 million in that fund. $1 million in a typical active fund will cost you...
by BlackStrat
Thu May 18, 2017 2:31 pm
Forum: Investing - Theory, News & General
Topic: Is the Total Stock Market Index fund tax efficient?
Replies: 20
Views: 3521

Re: Is the Total Stock Market Index fund tax efficient?

If you have a million dollars in TSM, you're only paying $3000 a year in taxes on it. (And pulling down $20,000 in dividends). That's pretty tax-efficient. You'll also be paying $700 a month in fees to invest in it ... Meanwhile, the average active fund is costing you $10,000 in taxes, and $10,000 ...
by BlackStrat
Wed May 10, 2017 8:57 am
Forum: Investing - Help with Personal Investments
Topic: Retire Early?? Need a sense check
Replies: 42
Views: 8906

Re: Retire Early?? Need a sense check

I am still concerned about asset allocation. 70/30 is pretty high risk. You say that is across accounts, but the distribution is important since your taxable account has a shorter time horizon. What is your allocation in the taxable account for the funds intended to cover the bridge years? What if ...
by BlackStrat
Sat May 06, 2017 8:34 am
Forum: Investing - Theory, News & General
Topic: Tips From Older Bogleheads?
Replies: 52
Views: 5543

Re: Tips From Older Bogleheads?

2015 wrote:I should have developed and thoroughly thought through every aspect of an investment policy statement at long before I actually did so.
Exactly!

Have a logical plan based on what you learn from the Bogle philosophy and be ready for either a bull or bear market
by BlackStrat
Fri Apr 14, 2017 11:30 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax Estimated Payments - Fed & State
Replies: 10
Views: 904

Re: TurboTax Estimated Payments - Fed & State

Very helpful info - never really understood the estimated tax process (amazing what a little reading does for ya). I'm assuming that maybe TT doesn't take into account deductions such as charitable giving (?). I was going to open a Donor Advised Fund near the end of this year (after making sure I'm ...
by BlackStrat
Fri Apr 14, 2017 10:21 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax Estimated Payments - Fed & State
Replies: 10
Views: 904

TurboTax Estimated Payments - Fed & State

I guess I'm in a good position where all of a sudden I have to pay estimated taxes for both Fed and State (MD). However, I just finished my taxes for 2016 with the following results: - I'm getting a Federal Refund of $1k for 2016 but made no estimated Federal tax payments last year - I'm paying Mary...
by BlackStrat
Wed Apr 12, 2017 3:13 pm
Forum: Investing - Theory, News & General
Topic: NBC News: First Pot-Focused Fund Lets Americans Legally Invest In Hot Biz
Replies: 13
Views: 2087

Re: NBC News: First Pot-Focused Fund Lets Americans Legally Invest In Hot Biz

I would think that once it's mainstream, Monsanto and some of the other agricultural conglomerates would step in and do it efficiently and profitably.
by BlackStrat
Wed Apr 12, 2017 8:30 am
Forum: Investing - Theory, News & General
Topic: Ben Carlson Drawdown Chart
Replies: 18
Views: 4493

Re: Ben Carlson Drawdown Chart

both charts really helpful and valuable; especially when we start feeling cocky with an increasing equity percentage in our asset allocations.
by BlackStrat
Tue Apr 11, 2017 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: Breaking up with my Financial Advisor
Replies: 56
Views: 5209

Re: Breaking up with my Financial Advisor

when I moved inherited funds from my mother's Edward Jones account, I asked the EJ rep how HE could've charged her a nearly 5% load fee! That seemed to end the conversation pretty quickly.
by BlackStrat
Sat Apr 08, 2017 7:49 am
Forum: Personal Finance (Not Investing)
Topic: How does one determine their "number" and what exactly does it mean?
Replies: 116
Views: 11589

Re: How does one determine their "number" and what exactly does it mean?

Like Taylor says, the SWR is just a guide we reference with the intention of being flexible if the market takes (or gives) more than expected. My current plan, if forced into an early retirement at 57, will be to take 3.3% until 65, and if the market has been generous increase to 4% (based on Trinit...
by BlackStrat
Thu Apr 06, 2017 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Got my second comma -- what is this anticlimactic feeling?
Replies: 55
Views: 7499

Re: Got my second comma -- what is this anticlimactic feeling?

Congratulations OP! We hit the same milestone of 2 commas with free and clear house a little later than you at age 49. That was 2 years ago, and we immediately poured the mortgage payment into extra savings and our NW has snowballed since then. Look at it this way: That one million will produce $40...
by BlackStrat
Fri Mar 24, 2017 7:45 am
Forum: Investing - Theory, News & General
Topic: AA after reaching your "freedom number"?
Replies: 39
Views: 4667

Re: AA after reaching your "freedom number"?

Although I guess we need to 'plan' for it, can we really expect a market drop of 50% to remain at the level indefinitely? Depending on our timeframe (even for someone at retirement age), I would like to think that some of this dramatic loss would be recovered by market gains relatively quickly after...
by BlackStrat
Fri Mar 10, 2017 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: 28yo, New Millionaire, Advice on Wealth Management
Replies: 64
Views: 7964

Re: 28yo, New Millionaire, Advice on Wealth Management

Watch a couple of related movies/shows: 'The Wolf of Wall Street' (warning: very vulgar) 'Billions' (a Showtime series now in its' second season and available in OnDemand) These are the kind of people who will want to 'manage' your earnings (and it's good for you to look on ANY advisor in this light...
by BlackStrat
Tue Feb 28, 2017 8:09 am
Forum: Investing - Theory, News & General
Topic: Time to invest
Replies: 18
Views: 2428

Re: Time to invest

You're not alone - plenty of people did the same thing. It's times like these where we finally realize that none of us can accurately 'time' the market. All you need to do is review many other posts referencing the so-called experts who are published calling for a huge drop in the market. With a lit...
by BlackStrat
Thu Feb 02, 2017 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Tax Software - Opinions?
Replies: 23
Views: 3256

Re: Tax Software - Opinions?

Does anyone have any experience with or know how this vendor can sell TurboTax Deluxe 2016 at such a discount?

http://www.greentaxexpert.com/index.php?route=product/product&product_id=75&search=tax
by BlackStrat
Thu Feb 02, 2017 9:11 am
Forum: Investing - Help with Personal Investments
Topic: How do you guys ignore this stuff?
Replies: 80
Views: 9500

Re: How do you guys ignore this stuff?

Step away....I repeat....STEP AWAY...from Marketwatch!!
by BlackStrat
Sun Jan 29, 2017 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Criteria for admittance to the 2-comma club
Replies: 79
Views: 7503

Re: Criteria for admittance to the 2-comma club

if one were to take unnecessary risks with his portfolio and lose a large percentage, would that make him a comma-kaze?
by BlackStrat
Sat Jan 28, 2017 9:12 am
Forum: Investing - Theory, News & General
Topic: Best way to fund your Donor Advised Fund
Replies: 31
Views: 2432

Re: Best way to fund your Donor Advised Fund

Appreciated securities always the better option! not to mention that you can invest the cash you would've donated to your charity into an index fund instead, which will diversify your holdings by getting rid of holdings previously isolated in one or two individual stocks; thus rebalancing your port...
by BlackStrat
Wed Jan 25, 2017 4:50 pm
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY 93RD BIRTHDAY, TAYLOR!
Replies: 199
Views: 11208

Re: HAPPY 93RD BIRTHDAY, TAYLOR!

Happy Birthday Taylor - you're a calm ship in troubled waters!
by BlackStrat
Mon Jan 16, 2017 2:13 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 32568

Re: Whats your number to walk away?

inbox788 wrote:Using 4% SWR, $500k adds $20k/month income


I think you meant $20k/year income.

I see your point, but mine was basically that I'm at the lower 'comfort' level of what I believe I could retire with, and a 'little more $$$' added on would be 'just right'.
by BlackStrat
Fri Jan 13, 2017 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Inquiring about family finances?
Replies: 46
Views: 4439

Re: Inquiring about family finances?

another option is to perhaps give him a book with the message that you're trying to find your way financially and you'd appreciate his take on your approach.