Search found 1304 matches

by EnjoyIt
Sun Dec 10, 2017 5:28 pm
Forum: Personal Consumer Issues
Topic: Espresso Machine suggestions?
Replies: 33
Views: 1545

Re: Espresso Machine suggestions?

For water I currently use tap water filtered with this filter
https://tinyurl.com/y74hjjjz

It is a BWT filter. It works like a Brita except it replaces Calcium with Magnesium. The theory behind it is that you still get the flavor without the calcium deposits.
by EnjoyIt
Sun Dec 10, 2017 2:12 am
Forum: Investing - Theory, News & General
Topic: Bitcoin now the largest quantifiable bubble in history?
Replies: 88
Views: 6353

Re: Bitcoin now the largest quantifiable bubble in history?

I find this quote entertaining: "Tulips are not durable, not scarce, not programmable, not fungible, not verifiable, not divisible, and hard to transfer. But tell me more about your analogy..." Cryptocurrency and blockchain technology aren't going anywhere. Bitcoin may eventually fall, but others w...
by EnjoyIt
Sun Dec 10, 2017 1:36 am
Forum: Investing - Help with Personal Investments
Topic: Retire in my early 40s? Crazy or actually doable?
Replies: 56
Views: 5926

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

Does anyone have any recommendations regarding question #2 and #3 from my original post? 2) I really like the idea of this glide path. Live off the tax free interest and as Meg said above use the maturing municipal to buy stocks and get your asset allocation where you like eventually. Also since yo...
by EnjoyIt
Sun Dec 10, 2017 1:00 am
Forum: Personal Consumer Issues
Topic: Espresso Machine suggestions?
Replies: 33
Views: 1545

Re: Espresso Machine suggestions?

Coffee Geeks is your go-to site for reviews and forums on all coffee-related equipment if you really want to get down into the weeds http://coffeegeek.com/ Seattle Coffee Gear also does a lot of reviews and has good video reviews on youtube of various machines https://www.seattlecoffeegear.com/espr...
by EnjoyIt
Fri Dec 08, 2017 9:54 pm
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 97
Views: 9824

Re: Buying and Spending Bitcoin

Thanks for this insightful experiment. Makes we want to try it out just for fun.
by EnjoyIt
Sun Dec 03, 2017 11:02 am
Forum: Investing - Help with Personal Investments
Topic: The 4% rule, Firecalc and Human Nature
Replies: 86
Views: 5768

Re: The 4% rule, Firecalc and Human Nature

You are not missing anything. What you are seeing is people in a hysteria to be "safe" without stopping to think about how things work. I completely agree with you and am a big subscriber to the 4% guidline. Despite understanding and being prepared on how to handle our downside risk, I still have t...
by EnjoyIt
Fri Dec 01, 2017 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: I Can "Afford" This Right? (New Car)
Replies: 60
Views: 4558

Re: I Can "Afford" This Right? (New Car)

Yes you can afford it, I agree getting it out of your system now is probably a good idea. Paying cash reallymakes a difference when buying an expensive car. I think it puts the whole thing into perspective. I would still likely recommend used. let someone else take the initial depreciation hit. Driv...
by EnjoyIt
Fri Dec 01, 2017 10:33 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 4184
Views: 1114782

Re: U.S. stocks in freefall

livesoft wrote:
Thu Nov 30, 2017 8:46 pm
Tulip-coin was down 20% at one point today.
Doesn't that constitute a RBD?
by EnjoyIt
Thu Nov 30, 2017 11:15 am
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 213
Views: 15952

Re: Anyone tired of the stock market going up?

Is this just a really long thread that could be summed up like, if you've won the game, stop playing? :happy No. My left brain tells me to stop playing, my right brain tells me what if the market goes up 17% again as someone predicted this morning on CNBC . This I do not like. It reminds me of the ...
by EnjoyIt
Wed Nov 29, 2017 11:35 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 213
Views: 15952

Re: Anyone tired of the stock market going up?

I actually would like to see a correction, so that we know the inevitable has come and we can retire relaxed, knowing that we are not on market top any more. Just take out 20% of your equities and put it in cash. That will be just like a correction, except you have dry powder. Mental accounting for...
by EnjoyIt
Wed Nov 29, 2017 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 213
Views: 15952

Re: Anyone tired of the stock market going up?

I actually would like to see a correction, so that we know the inevitable has come and we can retire relaxed, knowing that we are not on market top any more. Just take out 20% of your equities and put it in cash. That will be just like a correction, except you have dry powder. Mental accounting for...
by EnjoyIt
Wed Nov 29, 2017 3:18 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 7061

Re: Does it make sense to drop health insurance?

I firmly believe that one should get appropriate insurance for their healthcare needs. If everyone chose to not get insurance for their medical care the result would be even more expensive healthcare and a broken insurance model. Thus those who dont pay into it and then decide to get healthcare aft...
by EnjoyIt
Wed Nov 29, 2017 2:20 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 7061

Re: Does it make sense to drop health insurance?

But, then again, I'm pretty jaded by health insurance because we had health insurance, including maternity coverage, and we still ended up paying the entire $12,000 bill for our baby being delivered earlier this year with insurance not chipping in a cent. So, yeah, there does come a point where the...
by EnjoyIt
Mon Nov 27, 2017 5:26 pm
Forum: Personal Consumer Issues
Topic: 2018 Goals - Financial or Otherwise
Replies: 63
Views: 4629

Re: 2018 Goals - Financial or Otherwise

TheTimeLord wrote:
Mon Nov 27, 2017 5:20 pm
I think this list is as good as any for me to start with.

4) Spend so time giving serious thought to what I am going to do with myself post employment
Nah, your going for 1 more year in 2019....Just kidding. Good luck with your research.
by EnjoyIt
Mon Nov 27, 2017 5:25 pm
Forum: Personal Consumer Issues
Topic: 2018 Goals - Financial or Otherwise
Replies: 63
Views: 4629

Re: 2018 Goals - Financial or Otherwise

1) Continue to eat healthy
2) Continue to exercise and not hurt myself. Learn more about appropriate form.
3) Start doing Yoga at least once a week which is actually a part of #2 above
4) Strongly consider going part time at the end of 2018.
by EnjoyIt
Mon Nov 27, 2017 12:10 am
Forum: Personal Finance (Not Investing)
Topic: Anyone bail early and regret it?
Replies: 12
Views: 2830

Re: Anyone bail early and regret it?

Hi, Bogleheads, I am approaching 50 and have enough investments to pay me at a not-luxurious rate forever (roughly $50k/yr @4% withdrawal rate). I spend more than this now, although my mortgage will end in 6 years and then I'll be roughly even. I could pay off my mortgage with existing cash, but th...
by EnjoyIt
Sun Nov 26, 2017 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another can I afford this house post- please weigh in
Replies: 27
Views: 2655

Re: Yet another can I afford this house post- please weigh in

You make $85k/yr and invest 18K. I'm assuming you pay about 10% in taxes considering the interest/dividend income on top of your wages. Which means you are living on about $60k/yr. With over 1.5 million saved you are currently in decent position to retire today considering you also get an additional...
by EnjoyIt
Sat Nov 25, 2017 3:10 pm
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 195
Views: 14941

Re: The 4% rule DOES fail but still makes sense!

I could do all the things except #3 and I do not have any pet and do not plan to have one. I do not plan to do any work for money after I retire. If I really need money, not because of my fault, I will ask my sons for some help. I would not be surprised if you find yourself making a little money he...
by EnjoyIt
Sat Nov 25, 2017 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 213
Views: 15952

Re: Anyone tired of the stock market going up?

Does it really matter if it is 20% or 19.5% or 19%? Maybe it does not fit a specific colloquially accepted nomenclature, but there in fact was a significant drop in the market. I think we as humans only remember the recent and sometimes forget some of the ride. I completely forgot that 19ish percent...
by EnjoyIt
Fri Nov 24, 2017 6:40 pm
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 195
Views: 14941

Re: The 4% rule DOES fail but still makes sense!

Your example essentially uses social security as a safety cushion, which is what I am going to do. But I do have serious concern about the survivalbility of the socail security, the impact of huge national debt, possible change of medicare. Nothing should be taken for granted, if you don't have to....
by EnjoyIt
Fri Nov 24, 2017 6:38 pm
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 195
Views: 14941

Re: The 4% rule DOES fail but still makes sense!

If the couple in our example can spend down their portfolio by $1 million and have SS kick in allowing them to keep spending the same then that couple has to have returns of a minimum of 1.8% real for those 15 years so that their portfolio stays above $1.5 million by the time SS kicks in. Again. if...
by EnjoyIt
Fri Nov 24, 2017 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 213
Views: 15952

Re: Anyone tired of the stock market going up?

FWIW, the 8 figure BHs should be siting on another million or two or more even with a conservative AA. Same for some of the high 7 figure guys. It seems to me that those kinds of gains should give people some new possibilities. I'm not close to the 8 figure crowd. But yes, it's made a huge differen...
by EnjoyIt
Fri Nov 24, 2017 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 213
Views: 15952

Re: Anyone tired of the stock market going up?

As I am oh so close to retirement, NO! I like it. I like it a lot. That is what is so stressful we are so close to our 25x. This years returns plus contributions was a nice boost. But, I would rather retire a few years after a bear market as opposed to the tail end of a bull market. I hope a correc...
by EnjoyIt
Fri Nov 24, 2017 5:44 pm
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 195
Views: 14941

Re: The 4% rule DOES fail but still makes sense!

Your example essentially uses social security as a safety cushion, which is what I am going to do. But I do have serious concern about the survivalbility of the socail security, the impact of huge national debt, possible change of medicare. Nothing should be taken for granted, if you don't have to....
by EnjoyIt
Fri Nov 24, 2017 5:14 pm
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 195
Views: 14941

Re: The 4% rule DOES fail but still makes sense!

Great comment. Sure the further away it is, the less impact it has especially on the now. But, it will always have some form of impact. Just a simple example of a coupe retiring at 55 and will get SS in 15 years. At 55 the couple should have a decent history with social security especially if they ...
by EnjoyIt
Fri Nov 24, 2017 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 213
Views: 19460

Re: Why NOT make more money?

I get stretches of time off regularly. I once had 6 weeks off straight and did start getting bored after 3 weeks, but back then I had almost no money and lots of debt. All I did was stay home and play video games and watch TV. Today, I have no problem finding things to do. I have such a long to-do l...
by EnjoyIt
Fri Nov 24, 2017 10:00 am
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 195
Views: 14941

Re: The 4% rule DOES fail but still makes sense!

What asset allocation is this based on (%stocks/%bonds)? Are there index fund asset allocations where the 4% rule is less likely to fail? The general answer to that is the rule does fail if there are not enough stocks. The cutoff normally observed is a falloff at and under about 30% stocks. There d...
by EnjoyIt
Fri Nov 24, 2017 9:45 am
Forum: Investing - Help with Personal Investments
Topic: Should I Pay Off My Mortgage When I Retire?
Replies: 24
Views: 1209

Re: Should I Pay Off My Mortgage When I Retire?

If you choose to arbitrage your 2.49% mortgage and invest instead you may be a little e ahead but not by much. Even if you expect returns of 5% you will arbitrage under $500 of which you will need to pay capital gains on. Is $500 or less worth it to you? Also, if you are just keeping the cash in a s...
by EnjoyIt
Wed Nov 22, 2017 3:04 pm
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 195
Views: 14941

Re: The 4% rule DOES fail but still makes sense!

What asset allocation is this based on (%stocks/%bonds)? Are there index fund asset allocations where the 4% rule is less likely to fail? The general answer to that is the rule does fail if there are not enough stocks. The cutoff normally observed is a falloff at and under about 30% stocks. There d...
by EnjoyIt
Wed Nov 22, 2017 2:57 pm
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 195
Views: 14941

Re: The 4% rule DOES fail but still makes sense!

Here is what I came up with: 1) The 4% rule is not a rule but a guideline. 2) Some people are insecure with the 4% guideline and are willing to decrease their guideline to something lower through working longer. 3) No one is a robot and therefor spending will vary over the years. 4) Anyone who has b...
by EnjoyIt
Tue Nov 21, 2017 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 213
Views: 19460

Re: Why NOT make more money?

Because I love quality but hate luxury. :oops: :confused :oops: :confused :oops: I'm serious! I am sure you are I just don't understand what it means unless you are saying time is quality and money is luxury or that quality items costs less than luxury. Thus your comments confuses me. Example: Hond...
by EnjoyIt
Mon Nov 20, 2017 10:35 pm
Forum: Personal Consumer Issues
Topic: Tipping in living wage state. Redux.
Replies: 118
Views: 6908

Re: Tipping in living wage state. Redux.

In reality I disagree with our tipping culture in the US. How do you disagree with a culture? I think you can not like it or wish it were otherwise. Finding an actionable process to change a culture is a tall order. I'm not sure I understand your question. I disagree with the American culture of ti...
by EnjoyIt
Mon Nov 20, 2017 4:52 pm
Forum: Personal Consumer Issues
Topic: Tipping in living wage state. Redux.
Replies: 118
Views: 6908

Re: Tipping in living wage state. Redux.

In reality I disagree with our tipping culture in the US. How do you disagree with a culture? I think you can not like it or wish it were otherwise. Finding an actionable process to change a culture is a tall order. I'm not sure I understand your question. I disagree with the American culture of ti...
by EnjoyIt
Mon Nov 20, 2017 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: What percentage of your annual expenditures are you targeting for travel once you are retired?
Replies: 19
Views: 1346

Re: What percentage of your annual expenditures are you targeting for travel once you are retired?

Our travel expenses are part of our discretionary spending which will vary based on our desires for that month or year. Our expected retirement budget has discretionary spending at 50% based on current property tax, utility cost, and what we currently spend on groceries and healthcare. That number s...
by EnjoyIt
Mon Nov 20, 2017 4:21 pm
Forum: Personal Consumer Issues
Topic: Tipping in living wage state. Redux.
Replies: 118
Views: 6908

Re: Tipping in living wage state. Redux.

I usually tip 20% on the after tax price rounded up to an even number if the service was reasonable. I tip 10-15% for substandard service. If the service is the atrocious I will tip $1 and write a comment as to why. I have not had to do that in at least 7-8 years. I think I tip relatively well and d...
by EnjoyIt
Sun Nov 19, 2017 11:40 am
Forum: Investing - Theory, News & General
Topic: The fear of retirement, black swan, and math to dissuade the fear.
Replies: 136
Views: 13099

Re: The fear of retirement, black swan, and math to dissuade the fear.

Here is a strategy that should work for most real black swans (it will not work for a nuclear holocaust or may not work for an alien invasion :? ): buy a farm (you can use as a vacation home). In the 1900's, my father's family owned silk factories (in Lyon, in France); they were very wealthy. Durin...
by EnjoyIt
Sun Nov 19, 2017 8:57 am
Forum: Investing - Theory, News & General
Topic: The fear of retirement, black swan, and math to dissuade the fear.
Replies: 136
Views: 13099

Re: The fear of retirement, black swan, and math to dissuade the fear.

So what happens when the black swan comes and you don't get your SS check and medicare not longer exists? Sounds unthinkable? That is exactly what a black swan is. How do you protect against that and every other horrible thing life can throw at you? You do realize that if SS and Medicare just disap...
by EnjoyIt
Fri Nov 17, 2017 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 213
Views: 19460

Re: Why NOT make more money?

I retired 11years ago with what I thought was quite a lot “more than enough”. The early part of my retirement was influenced by the recession of 2008-2009. For a while it looked like I wouldnt have enough. I would now estimate that our spending is around 25% higher than I had planned for prior to r...
by EnjoyIt
Fri Nov 17, 2017 9:35 am
Forum: Investing - Theory, News & General
Topic: The fear of retirement, black swan, and math to dissuade the fear.
Replies: 136
Views: 13099

Re: The fear of retirement, black swan, and math to dissuade the fear.

My frustration with this recurring topic is that even the most talented posters here do not seem to understand that this type of modeling should always be used as very rough guideline rather than any sort of rule. I know I am not a good teacher because something which are so obvious to me that I ha...
by EnjoyIt
Fri Nov 17, 2017 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 213
Views: 19460

Re: Why NOT make more money?

What about the following: Need 100k/year, so desire to have 2.5M (4%) withdrawal. Lets say right now in 2017, i hit 2.5M,so I could retire. Great. Instead, lets say that i didn't check my balance. And we hit a bear market. And my 2.5M is now 2.0M at 2.0 M in 2018 (after bear market) - my 4% won't g...
by EnjoyIt
Fri Nov 17, 2017 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 213
Views: 19460

Re: Why NOT make more money?

Also, I'm now able to disappear for weeks at a time. My family is embarking on a three-week Spanish immersion adventure starting this Sunday. I wouldn't be able to do so if I were focused on making more money. This is the main freedom I miss by having a job. In my ideal world, I'd have summers off ...
by EnjoyIt
Mon Nov 13, 2017 11:47 pm
Forum: Investing - Theory, News & General
Topic: The fear of retirement, black swan, and math to dissuade the fear.
Replies: 136
Views: 13099

Re: The fear of retirement, black swan, and math to dissuade the fear.

where is this number 26.99998Xcoming from? I understand you think you are accounting for 2 years expenses in cash + 25X but that tells me that you believe that 25X has the necessary precision (or is that accuracy?) or you know your exact expenses per year. The two years expenses is to satisfy my fe...
by EnjoyIt
Mon Nov 13, 2017 5:57 pm
Forum: Investing - Theory, News & General
Topic: The fear of retirement, black swan, and math to dissuade the fear.
Replies: 136
Views: 13099

Re: The fear of retirement, black swan, and math to dissuade the fear.

That is exactly it. The only way someone gets a raw deal is if they retired at 4% right at the very very peak of the market. If they chose to retire early then they hopefully will be able to find some semi reasonable employment for a few years. If they retired a year or two earlier they would be OK...
by EnjoyIt
Mon Nov 13, 2017 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 213
Views: 19460

Re: Why NOT make more money?

There is no limit to how much one can spend. At some point we need to decide is the extra thousands of hours working worth it. You have no idea how much I actually agree with you on this point! By the way, I was talking about "lowly" business class there but your calculations used first class airfa...
by EnjoyIt
Mon Nov 13, 2017 12:59 pm
Forum: Investing - Theory, News & General
Topic: The fear of retirement, black swan, and math to dissuade the fear.
Replies: 136
Views: 13099

Re: The fear of retirement, black swan, and math to dissuade the fear.

But lets look at your "Catastrophic case" 50% loss, 2% gains for 8 year, and then 10%? That isn't really that bad. Look up japan were we are off by ~33% 28 years later. If that oft-referenced Japanese investor had bought a world market portfolio they would be doing fine. If they had followed the vo...
by EnjoyIt
Mon Nov 13, 2017 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 213
Views: 19460

Re: Why NOT make more money?

I hope you do not mind continuing this along the same line. If we assume that $100K are the actual expenses before the retirement, they do NOT include full health-care costs nor the taxes paid on that income. Remember, the actual expenses came off after paying the taxes and after saving the money. ...
by EnjoyIt
Mon Nov 13, 2017 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 213
Views: 19460

Re: Why NOT make more money?

Compare 2 families both with $2.5 million in invested assets living on $100k/yr one is 45 years old saving $180k/yr while the other is 65 years old saving $18k/yr. One more year for the 45 year old seams like it makes more sense as each year substantially increases their net worth and their spendin...
by EnjoyIt
Mon Nov 13, 2017 12:21 am
Forum: Personal Finance (Not Investing)
Topic: $30K loan for 12 months
Replies: 24
Views: 1745

Re: $30K loan for 12 months

My apology for being blunt but you instead of looking for a loan you should ask your self why you do not have the $30k in an emergency cash fund. I do, but I would not consider this an emergency, just a cash flow issue that might/might not happen. Why disturb the emergency fund when I can fool arou...
by EnjoyIt
Mon Nov 13, 2017 12:12 am
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 213
Views: 19460

Re: Why NOT make more money?

Not sure there's a right answer, which is what makes for such a great thread. But one helpful calculation is to figure out how much more you can spend per year for each additional year you work. For instance, let's say you have $2M now and put away $40K a year. So you can retire now on $80K, or you...
by EnjoyIt
Sun Nov 12, 2017 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 213
Views: 19460

Re: Why NOT make more money?

Although at some point I will stop and retire early, these are the reasons why I am still making more money: 1) We were foolish and bought slightly too much house. Now that we are used to living in this home it would be tough to downgrade and therefor we need to work just a bit more to be able to f...