Search found 9976 matches

by HomerJ
Sun Sep 24, 2017 12:49 am
Forum: Personal Consumer Issues
Topic: Do you subscribe to digital newspapers?
Replies: 15
Views: 546

Re: Do you subscribe to digital newspapers?

I hate the printed newspapers. So big, and annoying to read half a story then have to turn to page 5A to finish it. I have no idea why anyone EVER thought that was a good idea. They are not easy to read. Newsmagazines, on the other hand, I love. Easy to read in one hand, and a 4-page story is actual...
by HomerJ
Sun Sep 24, 2017 12:43 am
Forum: Personal Consumer Issues
Topic: Lifestyle Creep
Replies: 47
Views: 2891

Re: Lifestyle Creep

We always saved half our raises. That's best advice I can give. You increase your saving with every promotion and raise, but it's not painful because it's new money, and your lifestyle goes up each time as well. It's important to find a level where you have "enough", and you won't need to increase y...
by HomerJ
Sat Sep 23, 2017 11:45 am
Forum: Investing - Theory, News & General
Topic: Bitcoin Return and Investing Ideas
Replies: 40
Views: 2921

Re: Bitcoin Return and Investing Ideas

grayfox wrote:
Mon Sep 18, 2017 6:05 am
Any conclusions that can be drawn?
You could make a lot of money if you owned a time machine?

Seriously, what other "conclusions" could one possibly draw from this data?
by HomerJ
Sat Sep 23, 2017 11:42 am
Forum: Investing - Theory, News & General
Topic: Article from Pfau on non us countries mostly not supporting 4%
Replies: 6
Views: 831

Re: Article from Pfau on non us countries mostly not supporting 4%

Previous Pfau articles assumed 1% management fees.

Plus he's been writing articles about 4% no longer being safe since 2010.

It doesn't prove his model is wrong (maybe we got really lucky), but anyone who retired in 2010 was able to pull 4% AND double their money as well.
by HomerJ
Thu Sep 21, 2017 12:11 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin AA - Just out of Curiousity
Replies: 51
Views: 2326

Re: Bitcoin AA - Just out of Curiousity

Like the guy who just told me my 7.5/92.5 Bitcoin/CDs portfolio is more risky than a stocks/bonds portfolio. When, by choosing 7.5, I am much more CONSERVATIVE about risk than the stocks/bonds mentality is. Especially when we are due for another crash historically speaking. Especially when we are d...
by HomerJ
Thu Sep 21, 2017 11:43 am
Forum: Investing - Theory, News & General
Topic: Bitcoin AA - Just out of Curiousity
Replies: 51
Views: 2326

Re: Bitcoin AA - Just out of Curiousity

fatlever wrote:
Wed Sep 20, 2017 7:42 am
I think as some people have been saying, the financial risk now might be if you don't at least have a tiny bit in Bitcoin.
There is zero risk in NOT investing in Bitcoin. Very silly statement for "some people" (and you) to make.
by HomerJ
Wed Sep 20, 2017 2:16 pm
Forum: Investing - Theory, News & General
Topic: Income from Uncorrelated Commodities
Replies: 26
Views: 938

Re: Income from Uncorrelated Commodities

kosomoto wrote:
Wed Sep 20, 2017 1:38 pm
I'm definitely open to alternative ideas.
Keep it simple?
by HomerJ
Thu Sep 14, 2017 9:19 pm
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 313
Views: 17200

Re: Is it really Worth it to brown bag your lunch at work?

Regarding time, I eat at my desk, so my boss doesn't have any problems with me arriving late or leaving early because I'm NOT out of the office for 45-60 minutes every day during lunchtime. Multiple times, he has come by with a problem, and I'm the only one there, and I take care of the issue. This ...
by HomerJ
Thu Sep 14, 2017 9:15 pm
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 313
Views: 17200

Re: Is it really Worth it to brown bag your lunch at work?

So for example, engineers: you're wondering why that fellow engineer got promoted but he never does anything and is actually bad at what he does? He may have got promoted to management, but who wants that crappy job? The best part about engineering and IT and programming that you actually DO get pr...
by HomerJ
Thu Sep 14, 2017 12:44 pm
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 313
Views: 17200

Re: Is it really Worth it to brown bag your lunch at work?

I bought a boat and a jetski with all the money I've saved not eating out every day at work.
by HomerJ
Thu Sep 14, 2017 12:41 pm
Forum: Personal Consumer Issues
Topic: The true cost of Luxury
Replies: 32
Views: 3624

Re: The true cost of Luxury

$1000 apple iPhone 10 Apple is a bit different from Madison Avenue luxury goods purveyors. They don't tout country of origin (everyone knows it's China), and the products are quite easy to buy. Non-enthusiasts are welcomed- even encouraged. Doesn't X stand for Exclusive? Sounds exactly like Luxury ...
by HomerJ
Thu Sep 14, 2017 1:07 am
Forum: Investing - Theory, News & General
Topic: What If U.S. Stocks Stay Expensive For Years?
Replies: 50
Views: 6877

Re: What If U.S. Stocks Stay Expensive For Years?

So he sees 4% as a likely ceiling on returns, not a floor or an average. If I had a dollar for every time some PhD thought that economics was an actual science and wrote an article predicting something.... I'd have a lot of dollars. I'm not saying he's wrong, but there's no way to prove he's right....
by HomerJ
Wed Sep 13, 2017 11:59 pm
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 311
Views: 16338

Re: Iphone X is $1000

I find the tone of some comments about new iPhones, Teslas very interesting from a BH perspective. I worked very hard, lived frugally and saved/invested for over 30-years so my family and I would have enough funds to experience some pleasures if I lived long enough. So, for the record, I own a Tesl...
by HomerJ
Wed Sep 13, 2017 11:53 pm
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 311
Views: 16338

Re: Iphone X is $1000

Allan wrote:
Wed Sep 13, 2017 9:30 pm
I use my iPhone so much each day, primarily in my business, if I could get it today I would gladly pay the $1,000.

Allan
But you already have an iPhone that you use "so much each day". Why do you need a new one?
by HomerJ
Wed Sep 13, 2017 11:52 pm
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 311
Views: 16338

Re: Iphone X is $1000

2 year contract works out to be about $1.37 per day for this Apple X phone. Water bill, on average, is about $1.39 per day for me. Cup of black coffee at the local coffee shop is $1.50 per day for me. Keeping my haircut works out, on average, to cost me $1.62 per day (based on 12 cuts per year incl...
by HomerJ
Mon Sep 11, 2017 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: For those planning early retirement....
Replies: 67
Views: 8358

Re: For those planning early retirement....

One common mistake retirees make is moving to a low-cost, low-tax area where there is nothing to do and any entertainment requires a long drive. Upon retirement, I moved to the immediate vicinity of Washington, D.C. Here, I have access to enough free events to keep me entertained around the clock. ...
by HomerJ
Sun Sep 10, 2017 12:19 am
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 208
Views: 23287

Re: What is Bitcoin?

am wrote:
Sun Sep 03, 2017 1:28 pm
selftalk wrote:
Fri Sep 01, 2017 5:44 pm
In my opinion Bitcoin is just something else to gamble on.
A store of value that no one has to know about, is portable, secure, and can be used to buy stuff anywhere there is a computer.
Why is it valuable that no one knows about it? Everything else you listed works with a credit card.
by HomerJ
Sat Sep 09, 2017 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing Home With Girlfriend; Good or Bad?
Replies: 68
Views: 5394

Re: Purchasing Home With Girlfriend; Good or Bad?

LeSpy wrote:
Fri Sep 08, 2017 3:03 pm
I'm not sure if we're going to get married.
That's what YOU think.
She recently mentioned that she would like us to buy a home together.
She's planning on you two getting married.
by HomerJ
Wed Sep 06, 2017 9:22 am
Forum: Personal Finance (Not Investing)
Topic: When calculating net worth, how do you value your house?
Replies: 167
Views: 8358

Re: When calculating net worth, how do you value your house?

Respectfully, I disagreed. It is more useful for me not to include. As for others' opinion, they have not proven to me. Net worth has one meaning. You don't get to have your own definitions of words. Not if you want to communicate with other human beings. I agree with you that when I do my financia...
by HomerJ
Wed Sep 06, 2017 9:18 am
Forum: Personal Finance (Not Investing)
Topic: When calculating net worth, how do you value your house?
Replies: 167
Views: 8358

Re: When calculating net worth, how do you value your house?

Do you use purchase price, appraisal value, property assessment, Zillow's Zestimate, or something else? For us, it's basically purchase price. We do track what other similar houses in the neighborhood are going for to get a rough idea. Home equity is definitely part of one's net worth, but I don't ...
by HomerJ
Tue Sep 05, 2017 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: how often does high ACT score == scholarship?
Replies: 85
Views: 4758

Re: how often does high ACT score == scholarship?

35 ACT should get you a full ride at an in-state school.... depending on the state.
by HomerJ
Tue Sep 05, 2017 10:04 am
Forum: Investing - Theory, News & General
Topic: What is the "safe, safe" withdrawal rate?
Replies: 38
Views: 3975

Re: What is the "safe, safe" withdrawal rate?

Why place so much focus on a fixed income throughout one's entire retirement? We've all dealt with variable incomes throughout our careers; why suddenly demand zero volatility in one's income during retirement? I've dealt with variable incomes throughout my career, but my spending has been fairly s...
by HomerJ
Mon Sep 04, 2017 1:08 pm
Forum: Investing - Theory, News & General
Topic: Why can't the future of stocks be predicted
Replies: 61
Views: 3213

Re: Why can't the future of stocks be predicted

investing1012 wrote:
Sun Sep 03, 2017 6:22 pm
the laws of economy
Economics is not a real science. There are no "laws".
rational actions
Humans aren't fully rational. Do you know any humans?
by HomerJ
Mon Sep 04, 2017 10:42 am
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 125
Views: 8412

Re: [Bitcoin] question

CodeMaster, you've gone from someone who apparently knows absolutely nothing about bitcoin to a full-fledged advocate where nothing shakes your confidence about bitcoin. All in less than a week. Can you explain any of the negatives of bitcoin? Or is it your opinion that there are only positives? I'm...
by HomerJ
Mon Sep 04, 2017 10:33 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3944
Views: 1037899

Re: Another point of view

True but it might take a very long time. After 1929 crash Dow didn't recover until 1950s ... zenon: According to "Outperforming the Market" by author John Merrill, if you had invested $1,000,000 in September 1929 at the top of the bull market, you would have $921,000 nominal and $1,142,000 real (af...
by HomerJ
Mon Sep 04, 2017 10:29 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3944
Views: 1037899

Re: U.S. stocks in freefall

Serious question: Why is this topic still open? Because it's a great example of how "Nobody knows enough". Read through it... The thread was opened in 2011, and every single year is full of people claiming to know for sure that a crash was imminent. And for 6, nearly 7 years now, they've been wrong...
by HomerJ
Mon Sep 04, 2017 10:18 am
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 125
Views: 8412

Re: [Bitcoin] question

flyersrule wrote:
Mon Sep 04, 2017 8:51 am
With high amount of fraud and hacking going on I prefer keeping my crypto disconnected from the web.
When an investment has a high amount of fraud and hacking associated with it, I would think a prudent response would be to not invest in it at all.

But maybe that's just me.
by HomerJ
Sun Sep 03, 2017 11:59 pm
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 350
Views: 33365

Re: Michael Kitces 4% rule podcast on Madfientist

See, it's usually a big crash right when you retire that will kill a plan I don't think this is actually true. (Bengen says something similar in the interview IIRC.) Big crashes are part of the story but not the biggest part. There have been 4 big crashes in US history. - The Great Depression, when...
by HomerJ
Sun Sep 03, 2017 11:55 pm
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 125
Views: 8412

Re: [Bitcoin] question

but its worth betting a little bit given these facts above from my research. What research? No offense, but your questions in this thread show that you've done near zero research. no offense taken. my research began at point of my original post, sicne then ive been researching it all day everyday a...
by HomerJ
Sun Sep 03, 2017 11:02 pm
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 125
Views: 8412

Re: [Bitcoin] question

CodeMaster wrote:
Sun Sep 03, 2017 11:22 am
but its worth betting a little bit given these facts above from my research.
What research? No offense, but your questions in this thread show that you've done near zero research.

It's good that you are asking questions, but why are you buying into the hype so easily?
by HomerJ
Sun Sep 03, 2017 10:54 pm
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 350
Views: 33365

Re: Michael Kitces 4% rule podcast on Madfientist

Great post. Would just like to clarify something in keeping with the 4% plan rules: If I start out with a Million and take out 4% that's $40,000. So than say we have a very bad year and my portfolio goes down to $600,000. Do I then readjust to 4% of 600k, or $24,000? ...And continue to adjust this ...
by HomerJ
Sun Sep 03, 2017 8:59 pm
Forum: Personal Consumer Issues
Topic: Does anyone use Driving Shoes?
Replies: 40
Views: 3937

Re: Does anyone use Driving Shoes?

jadedfalcons wrote:
Sun Sep 03, 2017 8:54 pm
I just drive barefoot. Maximum sensory input and the pedals exfoliate my feet at the same time!

Oh, heck, I hope that last part won't cause me to lose my man card...
Even knowing the word "exfoliate" is grounds for revoking your man card. :)
by HomerJ
Sun Sep 03, 2017 8:45 pm
Forum: Investing - Theory, News & General
Topic: How much weight do you put on back-testing?
Replies: 53
Views: 3280

Re: How much weight do you put on back-testing?

It has a lot of value in disproving things. For example, if someone says that a dividend-stock-oriented funds and ETFs will let you "sleep well at night" because dividend stocks offer "downside protection," and I go look at how some of them performed in 2008-2009, and I find that they had virtually...
by HomerJ
Sun Sep 03, 2017 4:00 pm
Forum: Investing - Theory, News & General
Topic: How much weight do you put on back-testing?
Replies: 53
Views: 3280

Re: How much weight do you put on back-testing?

I do have the same concerns as another poster in regards to when the SAME data that has been available for a LONG TIME is suddenly coming out with all these new factor premiums. Makes me think we really are torturing the data at this point. People got to sell books, and mutual fund managers got to ...
by HomerJ
Sun Sep 03, 2017 1:38 pm
Forum: Investing - Theory, News & General
Topic: How much weight do you put on back-testing?
Replies: 53
Views: 3280

Re: How much weight do you put on back-testing?

I see a lot of BHs here on both sides - for and against - puting weight/importance on back-testing... thoughts? All models rely on back-testing. The few models that seem to work today, fit back-tested data. But every model that has failed, at one point, fit back-tested data as well. So I see it as ...
by HomerJ
Sun Sep 03, 2017 1:01 am
Forum: Personal Consumer Issues
Topic: Does anyone use Driving Shoes?
Replies: 40
Views: 3937

Re: Does anyone use Driving Shoes?

I like driving long distances barefoot. But I mostly have cruise on so it's not like I'm using my feet a lot.
by HomerJ
Sat Sep 02, 2017 1:20 am
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 125
Views: 8412

Re: Bit Coin question

I've recently looked into Bitcoin .. it's just mind boggling and also awe inspiring. Within a month it went from $2000 to $4500, and currently I'm seeing it go up even more, close to $5000 now. On one hand it looks too expensive, but people are saying it'll go up to 100 K. Don't know what to make o...
by HomerJ
Fri Sep 01, 2017 5:18 pm
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 350
Views: 33365

Re: Michael Kitces 4% rule podcast on Madfientist

Awesome podcast. One thing I dont get is why more people dont break their retirement spending down into required and discretionary. I dont see why you couldn't say something like 'Your required spending should be less than 3% of your portfolio (ie. worst case) and your discretionary spendings shoul...
by HomerJ
Fri Sep 01, 2017 2:28 pm
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 350
Views: 33365

Re: Michael Kitces 4% rule podcast on Madfientist

Awesome podcast. One thing I dont get is why more people dont break their retirement spending down into required and discretionary. I dont see why you couldn't say something like 'Your required spending should be less than 3% of your portfolio (ie. worst case) and your discretionary spendings shoul...
by HomerJ
Fri Sep 01, 2017 2:20 pm
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 350
Views: 33365

Re: Michael Kitces 4% rule podcast on Madfientist

Great podcast. The big thing that I got is that, according to Kitces' study, a 4% SWR is very conservative and all this talk about 3% and even 2% is ridiculously low. Of course this collides w Wade Pfau's study that suggests that in today's low yield environment, under 3% is the true "safe" withdra...
by HomerJ
Fri Sep 01, 2017 1:13 pm
Forum: Local Chapters and Bogleheads Community
Topic: [Are the Bogleheads] getting less interesting?
Replies: 255
Views: 16198

Re: [Are the Bogleheads] getting less interesting?

Those posts get into charts and formulas that I find totally uninteresting and an unBoglehead; they scare the newbies into the arms of the Edward Jones. Maybe that is their intention. Inadequate knowledge is what drives people into the arms of Edward Jones, not more knowledge. This is incorrect for...
by HomerJ
Fri Sep 01, 2017 11:52 am
Forum: Local Chapters and Bogleheads Community
Topic: [Are the Bogleheads] getting less interesting?
Replies: 255
Views: 16198

Re: [Are the Bogleheads] getting less interesting?

One last thought.

This place will get interesting again the next time we have a huge crash. Not if, when. Maybe tomorrow, maybe in 5 years. Are you ready for either case?
by HomerJ
Fri Sep 01, 2017 11:48 am
Forum: Local Chapters and Bogleheads Community
Topic: [Are the Bogleheads] getting less interesting?
Replies: 255
Views: 16198

Re: [Are the Bogleheads] getting less interesting?

A lot of "interesting" posters quit posting when their predictions turned out to be wildly wrong. This place isn't like the news media where you can make 15 wrong predictions, still get invited back on the show, and then blindly taken seriously. Me, I know that I don't know anything. So I don't make...
by HomerJ
Fri Sep 01, 2017 8:39 am
Forum: Local Chapters and Bogleheads Community
Topic: [Are the Bogleheads] getting less interesting?
Replies: 255
Views: 16198

Re: Is Bogelheads getting less interesting?

I think it is the nature of many things, the more you frequent it, the less novel it becomes. That's where the theoretical academic debates can become the "new interest", but also why they are potentially dangerous as a distraction to divert one over time from their initial simple/sound plan. This....
by HomerJ
Fri Sep 01, 2017 12:50 am
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 125
Views: 8412

Re: Bit Coin question

however im surpirsed you can mine one in 10 mins.... the last posted said it would an enourmous amoutn of unreasonable time (thousands of years or something) YOU don't mine one every 10 minutes. One computer in the world mines one every ten minutes. And there are millions of computers running 24/7 ...
by HomerJ
Thu Aug 31, 2017 1:37 pm
Forum: Investing - Theory, News & General
Topic: Why go with an 80% stock / 20% bond portfolio?
Replies: 360
Views: 32228

Re: Why go with an 80% stock / 20% bond portfolio?

I would add that a Great Depression Part 2 is not likely to sneak up behind us and suddenly come down hard, but you never know. Dude, it almost just happened less than 10 years ago. And it totally sneaked up on people. Financial institutions failed. Money supply dried up. Emergency sessions by Cong...
by HomerJ
Thu Aug 31, 2017 12:10 pm
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 125
Views: 8412

Re: Bit Coin question

CodeMaster wrote:
Thu Aug 31, 2017 11:41 am
mnaspbh wrote:
Thu Aug 31, 2017 2:12 am
Don't expect to get rich, or even to avoid losing money. The time to make money mining bitcoin was about 4 years ago.
did you say it makes sense to you and you'd invest?
No, he said the exact opposite.
by HomerJ
Thu Aug 31, 2017 12:08 pm
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 125
Views: 8412

Re: Bit Coin question

The above answer isn't quite correct. I'm rather well versed with bitcoin so allow me to try and clarify: 1. Bitcoin is a ledger of transactions. This ledger is composed of blocks, where a block contains a log of transactions. Something like: Peter sends Paul 1 bitcoin. Paul sends Jane 0.5 btc. etc...
by HomerJ
Thu Aug 31, 2017 10:20 am
Forum: Personal Consumer Issues
Topic: How do you reverse a lifetime of frugality and learn to spend some money?
Replies: 59
Views: 6250

Re: How do you reverse a lifetime of frugality and learn to spend some money?

pinhead wrote:
Wed Aug 30, 2017 5:08 pm
You will be fine as long as you dont by a boat.

Travel to Asia, if you havent already.
I would far rather have a boat than travel to Asia.
by HomerJ
Wed Aug 30, 2017 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: How much sooner could you retire with NO property taxes?
Replies: 116
Views: 7184

Re: How much sooner could you retire with NO property taxes?

My lake condo has property taxes of around $2500 a year. That's about 1%. My parents 110 acre land with a small 2000 square foot house on it (and another 1000 square foot detached 4-car garage/shed) has property taxes of $800 a year. That's about 0.4%. Both are in Missouri. I absolutely will retire ...