Search found 8792 matches

by HomerJ
Mon Aug 22, 2016 11:31 pm
Forum: Personal Consumer Issues
Topic: Honeymoon - Alaska or Greece
Replies: 22
Views: 1372

Re: Honeymoon - Alaska or Greece

I like cruises because your hotel floats with you. We went to Greece and Istanbul last year, and it was an amazing trip, especially Santorini, but we spend a LOT of time in airports, and a lot of time packing and unpacking between 3 different rentals for 10 days. Cruises are much easier... I've neve...
by HomerJ
Sun Aug 21, 2016 11:55 pm
Forum: Investing - Theory, News & General
Topic: This is why a 100% stock allocation is a bad idea
Replies: 62
Views: 6678

Re: This is why a 100% stock allocation is a bad idea

Seems more like a lesson why it's a bad idea to borrow from your 401k. +1 Even a young investor like myself knows that if you go 100% stock, you better have a nice emergency fund. I'm 100% into stocks and whatever happens, happens. I live my life taking risks on everything. Sometimes it doesn't pla...
by HomerJ
Fri Aug 19, 2016 1:16 am
Forum: Investing - Help with Personal Investments
Topic: Ultra aggressive index portfolio for a 30 yo with high risk tolerance?
Replies: 47
Views: 3831

Re: Ultra aggressive index portfolio for a 30 yo with high risk tolerance?

the Vanguard test said I can tolerate 100% stocks, 60% US, 40% international. Screenshot here . The other test said I can tolerate 98% stock. Until you live through it, you don't know what you can tolerate. 7-8 years ago you were 22-23, and, I'm assuming, had little to no money invested. Note that ...
by HomerJ
Thu Aug 18, 2016 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Debt Free - Now What
Replies: 37
Views: 3292

Re: Debt Free - Now What

We plan on upgrading our house when I retire in 10 years and will need roughly 600k in cash in 2026 to do this Current House = 250k You're going to spend $600k updating a $250k house? Or was that a typo and you meant $60k? It sounds like you're doing great. Invest the money 50% in the stock market ...
by HomerJ
Wed Aug 17, 2016 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting whole estate in life
Replies: 74
Views: 3658

Re: Gifting whole estate in life

[flashback] Homer: Dad, I have a problem. I need $15,000 to buy a home! Grampa: All I own is this house, that I built with my own two hands! Homer: You didn't build this house! You won it on a crooked 50's game show! Grampa: All right, son, I'll sell this dump and write you a check. Homer: Dad, firs...
by HomerJ
Tue Aug 16, 2016 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: Are we there yet?
Replies: 34
Views: 4674

Re: Are we there yet?

gilgamesh wrote:
LiterallyIronic wrote:You have over two million dollars and annual expenses of $60k. This puts you at a SWR of less than 3%. You're definitely able to retire.


You know the 4% SWR study was based on a 30 yr retirement period right? They are 45 and 40. Do you still stand by your recommendation?


3% is less than 4%.
by HomerJ
Tue Aug 16, 2016 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: Moving 4M from Goldman. retired and needs 200K/Y
Replies: 33
Views: 4798

Re: Moving 4M from Goldman. retired and needs 200K/Y

Have you been tracking your spending? Are you sure you really need $280k a year? Lots of people might just say "I need to replace my income", but its your expenses that matter, not your income. I would sell that super expensive condo now. Easy way to save money when retired. A job no longe...
by HomerJ
Tue Aug 16, 2016 12:24 am
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 247
Views: 25127

Re: Self-made Millionaires: how did hitting 7 figures change you?

Congrats on marrying well!! It is one reason that I like to say that I only look stupid. :D I come from a long line of men who married up, and I try to instill the same ethos in my kids. My wife has always made more than me... :) Cracks me up that some men are insecure about that... There's nothing...
by HomerJ
Tue Aug 16, 2016 12:23 am
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 247
Views: 25127

Re: Self-made Millionaires: how did hitting 7 figures change you?

Here's the thing about a million dollars, it's not a lot of money in many HCOL areas of America. I think many people on this board live in HCOL areas, so they naturally will need 2 or 3 million dollars. Or they could move. I know people don't want to leave family, so I'm not saying you have to move...
by HomerJ
Mon Aug 15, 2016 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: You have $10 Million and 10 years to live. What would you do?
Replies: 55
Views: 4881

Re: You have $10 Million and 10 years to live. What would you do?

The other side of it is that there are not expensive things that I want that I do not have. Time is an expensive thing that you do not have. But, if you cannot think of anything you'd rather do than get up early in the morning and trudge off to a job you don't like, then I agree, there's no point i...
by HomerJ
Mon Aug 15, 2016 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: You have $10 Million and 10 years to live. What would you do?
Replies: 55
Views: 4881

Re: You have $10 Million and 10 years to live. What would you do?

I don't like my work but I like my paycheck. a tolerable life I want to leave the largest legacy possible It makes sense. Different strokes for different folks. I think your reasons are valid, but I'm not sure if you did the full thought experiment. $10 million would allow you to leave a very large...
by HomerJ
Mon Aug 15, 2016 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Wealth Management (Career Change)
Replies: 105
Views: 7943

Re: Private Wealth Management (Career Change)

Many advisors do charge a flat fee. I know one example, Avondale asset management, who charges $4,350/year regardless of how much money you have. But if you only have $100k, this is now a 4.3% fee! Very nice. I'm sure most people who have $100k decide they cannot afford Avondale. I'm also sure many...
by HomerJ
Mon Aug 15, 2016 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 247
Views: 25127

Re: Self-made Millionaires: how did hitting 7 figures change you?

A million dollars isn't what it used to be. A "millionaire" is no big deal, depending on your age. Good lord, so many posts like these are demoralizing. "You'll barely scrounge by on 4% of interest" ... "you're amongst the plebes on BH forum if you're only worth 1 MM" ...
by HomerJ
Mon Aug 15, 2016 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Wealth Management (Career Change)
Replies: 105
Views: 7943

Re: Private Wealth Management (Career Change)

Do these people know there are other advisors who do the same thing for less? Yes, they're aware. I believe it's the mental aspect of knowing you have someone around the clock. Not for an hour here and there. You can still be available around the clock as long as they know you're charging them for ...
by HomerJ
Mon Aug 15, 2016 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: You have $10 Million and 10 years to live. What would you do?
Replies: 55
Views: 4881

Re: You have $10 Million and 10 years to live. What would you do?

From the article: These are two questions I love to ask groups when I’m conducting financial-planning and financial-literacy workshops for women. My objective is to help them accurately identify their deepest values and most important life goals, independent of financial constraints and the all-too-...
by HomerJ
Mon Aug 15, 2016 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: You have $10 Million and 10 years to live. What would you do?
Replies: 55
Views: 4881

Re: You have $10 Million and 10 years to live. What would you do?

What I would do: Save the money in index funds along with my other money in index funds. Keep working as long as I could- the whole 10 years if possible. With a hard stop to my career, I might consider learning to program or get more serious about reading Plato and Aristotle. What I would not do: Q...
by HomerJ
Mon Aug 15, 2016 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Wealth Management (Career Change)
Replies: 105
Views: 7943

Re: Private Wealth Management (Career Change)

For high net worth clients, the opportunity to eliminate investment/insurance/tax complications/behavioral issues for <$10k may seem appealing. I know several people that wouldn't bat an eye and fully realize the cost they are paying. Do these people know there are other advisors who do the same th...
by HomerJ
Mon Aug 15, 2016 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 247
Views: 25127

Re: Self-made Millionaires: how did hitting 7 figures change you?

For my wife and I, hitting $1 million and a paid-off house meant freedom from worry. And for her, freedom from a job she hated. It's not quite enough to meet our retirement goals yet (although we COULD retire if we had to, and live comfortably), but we're close enough that we feel like we can coast ...
by HomerJ
Mon Aug 15, 2016 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 247
Views: 25127

Re: Self-made Millionaires: how did hitting 7 figures change you?

That was fine, because we never had any plans to do anything different once we hit any magic number. Our plan all along was to work until we were ready to retire and not until we hit a number. Heh, glad it magically worked out for you... I find that very strange that several people here paid zero a...
by HomerJ
Sat Aug 13, 2016 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Wealth Management (Career Change)
Replies: 105
Views: 7943

Re: Private Wealth Management (Career Change)

If a financial advisor eliminates the 2-3% sub-par returns I believe they've earned their fees. We talk here about retiring and withdrawing 4% of our portfolio a year. My 30-40 years of saving will generate X dollars of cash flow. For managing it, you want 25% of my retirement cash-flow. All you ne...
by HomerJ
Fri Aug 12, 2016 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Wealth Management (Career Change)
Replies: 105
Views: 7943

Re: Private Wealth Management (Career Change)

If a financial advisor eliminates the 2-3% sub-par returns I believe they've earned their fees. So bill your clients, and let them see the actual cost of your fee. If you are providing an honest service, you shouldn't have to hide how much you are making. You sound like every financial advisor I've...
by HomerJ
Fri Aug 12, 2016 3:56 pm
Forum: Investing - Theory, News & General
Topic: Anyone else noticing the economy improving?
Replies: 78
Views: 4133

Re: Anyone else noticing the economy improving?

The average family is experiencing job losses and/or negative salary growth. In addition, basic living costs such as food continue to soar. It's a mess. What does the word "soar" mean in this sentence? I can't speak for the average family's salary growth, but I shop at the same Walmart as...
by HomerJ
Fri Aug 12, 2016 3:54 pm
Forum: Investing - Theory, News & General
Topic: Anyone else noticing the economy improving?
Replies: 78
Views: 4133

Re: Anyone else noticing the economy improving?

Restaurants and store parking lots are absolutely packed in Kansas City.
by HomerJ
Fri Aug 12, 2016 3:06 pm
Forum: Personal Consumer Issues
Topic: How much cash to give when invited to a wedding?
Replies: 81
Views: 5904

Re: How much cash to give when invited to a wedding?

And while I agree that a gift should be just that -- a gift -- regardless of party cost, it's pretty crass to go enjoy a nice steak dinner & drinks on the newlyweds and not even gift them what you would have spent for dinner at Outback Steakhouse. Again, just my opinion... See, I think the whol...
by HomerJ
Fri Aug 12, 2016 2:49 pm
Forum: Personal Consumer Issues
Topic: How Much Cash for Wedding Gift?
Replies: 23
Views: 1075

Re: How Much Cash for Wedding Gift?

[Thread merged into here, see below. --admin LadyGeek] This weekend I am attending the wedding of one of my best friends. I am looking to give a gift of cash (check) and would appreciate thoughts on how much to give. - second wedding for both of them. They are both widowed. - they are both in their...
by HomerJ
Fri Aug 12, 2016 12:21 pm
Forum: Personal Consumer Issues
Topic: Should I lease a Tesla?
Replies: 101
Views: 6137

Re: Should I lease a Tesla?

It will destroy a fair amount of wealth, opportunity cost and all that. OTOH, YOLO. I like how you summarized this. This is exactly my dilemma. If I didn't have to buy another car (my current car is a safety issue) I wouldn't buy the Tesla but now that I have to buy another car anyways I'm leaning ...
by HomerJ
Fri Aug 12, 2016 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Wealth Management (Career Change)
Replies: 105
Views: 7943

Re: Private Wealth Management (Career Change)

'Do what you love' is highly overrated. Do what you are good at has better odds. Ask yourself if you are great (not good) at sales and can persuade a high percentage of folks to give you large amounts of money based on a short conversation. And that know you know a lot of people with high 6 or 7 fi...
by HomerJ
Wed Aug 10, 2016 12:42 pm
Forum: Personal Consumer Issues
Topic: Should I lease a Tesla?
Replies: 101
Views: 6137

Re: Should I lease a Tesla?

There was another AP related crash in China reported today in the press, hopefully safety authorities around the world force Tesla to disable it until they can prove it is safe. The driver admitted to not paying attention as he was looking at his phone. https://electrek.co/2016/08/10/tesla-driver-a...
by HomerJ
Tue Aug 09, 2016 11:11 pm
Forum: Investing - Theory, News & General
Topic: A costly mistake made by both investors and advisors
Replies: 240
Views: 17379

Re: A costly mistake made by both investors and advisors

Just FYI... here's an article from Larry in 2010 http://www.cbsnews.com/news/are-stocks-a-good-buy/ we get a forecast of real returns to stocks of about 4.5 percent. Now let's consider the forecast for returns on Treasuries. The current yield is the best forecast of the return on bonds. Today, the y...
by HomerJ
Tue Aug 09, 2016 10:06 pm
Forum: Investing - Theory, News & General
Topic: A costly mistake made by both investors and advisors
Replies: 240
Views: 17379

Re: A costly mistake made by both investors and advisors

If you want out, don't feel you need to respond. And you can have the last say if you want too. But just to address these couple of things: For something like total bond and not stocks, we can predict nominal returns around in the ballpark of that accuracy, for what it's worth. Can it?? What were t...
by HomerJ
Tue Aug 09, 2016 8:44 pm
Forum: Investing - Theory, News & General
Topic: A costly mistake made by both investors and advisors
Replies: 240
Views: 17379

Re: A costly mistake made by both investors and advisors

For something like total bond and not stocks, we can predict nominal returns around in the ballpark of that accuracy, for what it's worth. Can it?? What were the predictions for total bond over the past 5 years? What I'm getting at is this: is the objection more to (1) the strategy of adjusting beh...
by HomerJ
Tue Aug 09, 2016 8:38 pm
Forum: Investing - Theory, News & General
Topic: A costly mistake made by both investors and advisors
Replies: 240
Views: 17379

Re: A costly mistake made by both investors and advisors

there is literally no one I know in the profession or academia who agrees with you. No one in the profession or academia thinks that one should: Buy and Hold Stay the course Age in Bonds Aim for 25x expenses No one? Ah, well... It does appear I'm alone here on Bogleheads too.. Maybe I'm the only on...
by HomerJ
Tue Aug 09, 2016 7:51 pm
Forum: Investing - Theory, News & General
Topic: A costly mistake made by both investors and advisors
Replies: 240
Views: 17379

Re: A costly mistake made by both investors and advisors

If you avoid chasing performance and yield, that alone will save you disappointment and heartache. You will probably boost your returns avoiding the worst of behavioral errors. If you get that from the discussion, you won't be at the head of the class but pretty close. Again, like I said... I have ...
by HomerJ
Tue Aug 09, 2016 7:50 pm
Forum: Investing - Theory, News & General
Topic: A costly mistake made by both investors and advisors
Replies: 240
Views: 17379

Re: A costly mistake made by both investors and advisors

Doing "something" using imprecise easily misunderstood metrics is what we guard against here. "Don't do something. Just stand there!" - John Bogle I don't disagree one should be flexible and adjust to facts... but you are telling people to adjust to predictions of the future, no...
by HomerJ
Tue Aug 09, 2016 5:40 pm
Forum: Investing - Theory, News & General
Topic: A costly mistake made by both investors and advisors
Replies: 240
Views: 17379

Re: A costly mistake made by both investors and advisors

Doing "something" using imprecise easily misunderstood metrics is what we guard against here. "Don't do something. Just stand there!" - John Bogle I don't disagree one should be flexible and adjust to facts... but you are telling people to adjust to predictions of the future, not...
by HomerJ
Tue Aug 09, 2016 4:45 pm
Forum: Personal Consumer Issues
Topic: Should I lease a Tesla?
Replies: 101
Views: 6137

Re: Should I lease a Tesla?

People using their phones can't sue a car company when they crash. There's zero reason for Tesla to allow emails on a dashboard screen.

Allowing that AND Auto-pilot negates their stance that the driver is required to pay full attention to the road.
by HomerJ
Tue Aug 09, 2016 4:15 pm
Forum: Personal Consumer Issues
Topic: Should I lease a Tesla?
Replies: 101
Views: 6137

Re: Should I lease a Tesla?

My hands, btw, are within inches of the steering wheel, unclenched, relaxed, and ready to periodically provide steering input (as the car will ask you to do). I do sip water or coffee, as I do without AP. How do you keep your hands within inches of the steering wheel, relaxed? In your lap is the on...
by HomerJ
Tue Aug 09, 2016 10:55 am
Forum: Personal Consumer Issues
Topic: Should I lease a Tesla?
Replies: 101
Views: 6137

Re: Should I lease a Tesla?

I've been thinking about this thread. I see, I did a test drive and it didn't feel remarkably different than my ICE car. The one thing that drew me to it was all the tech on it :) Either you had a crummy test drive, or maybe a Tesla doesn't resonate with you. Which model did you drive? It's a bit d...
by HomerJ
Mon Aug 08, 2016 4:42 pm
Forum: Personal Consumer Issues
Topic: Should I lease a Tesla?
Replies: 101
Views: 6137

Re: Should I lease a Tesla?

Does no debt mean a paid-off house, or are you renting? Are children in the future? Will one of you cut-back on work? Is the $600k rock-solid stable? The higher your lifestyle, the more you have to save to keep that lifestyle in retirement. Children are in the future. Our incomes are fairly stable ...
by HomerJ
Mon Aug 08, 2016 4:29 pm
Forum: Personal Consumer Issues
Topic: Should I lease a Tesla?
Replies: 101
Views: 6137

Re: Should I lease a Tesla?

Does no debt mean a paid-off house, or are you renting? Are children in the future? Will one of you cut-back on work? Is the $600k rock-solid stable? The higher your lifestyle, the more you have to save to keep that lifestyle in retirement. Children are in the future. Our incomes are fairly stable ...
by HomerJ
Mon Aug 08, 2016 2:05 pm
Forum: Personal Consumer Issues
Topic: Should I lease a Tesla?
Replies: 101
Views: 6137

Re: Should I lease a Tesla?

Does no debt mean a paid-off house, or are you renting?

Are children in the future? Will one of you cut-back on work? Is the $600k rock-solid stable?

The higher your lifestyle, the more you have to save to keep that lifestyle in retirement.
by HomerJ
Mon Aug 08, 2016 2:02 pm
Forum: Personal Consumer Issues
Topic: Should I lease a Tesla?
Replies: 101
Views: 6137

Re: Should I lease a Tesla?

You can easily afford it, do it. How much is the OP saving? Making $600k a year ($400k after taxes?), they should be set for early financial independence... But NOT if they are spending $380k a year on toys. Oh sorry, luxury that they've earned, I mean. Now if they are spending $150k a year, saving...
by HomerJ
Mon Aug 08, 2016 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Sell my Apple stock?
Replies: 45
Views: 3728

Re: Sell my Apple stock?

People here would have told me to sell my apple stock a long time ago And that would have been very detrimental, as keeping the stock enabled me to be much better off than selling it We also told someone else to sell their GE stock, and that was very helpful, since selling the stock enabled them to...
by HomerJ
Mon Aug 08, 2016 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Travel for a Year with Family - Career Impact?
Replies: 35
Views: 3467

Re: Travel for a Year with Family - Career Impact?

You can travel in with 6 kids for a year in many parts of the world for less than $20k total. LOL. Yes, it is possible, if you only go 1-2 places, and live like locals. But that's still a crazy statement. I know more than one family that has done it. Not with 6 kids, but they did it significantly c...
by HomerJ
Mon Aug 08, 2016 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Travel for a Year with Family - Career Impact?
Replies: 35
Views: 3467

Re: Travel for a Year with Family - Career Impact?

KyleAAA wrote:You can travel in with 6 kids for a year in many parts of the world for less than $20k total.


LOL. Yes, it is possible, if you only go 1-2 places, and live like locals.

But that's still a crazy statement.
by HomerJ
Mon Aug 08, 2016 12:28 am
Forum: Personal Finance (Not Investing)
Topic: Travel for a Year with Family - Career Impact?
Replies: 35
Views: 3467

Re: Travel for a Year with Family - Career Impact?

How does your wife feel about traveling the world with 6 young kids?

It's a pretty different experience with 6 kids that young (and only two of you), and without the expense account you are used to.
by HomerJ
Sun Aug 07, 2016 10:06 am
Forum: Investing - Theory, News & General
Topic: A costly mistake made by both investors and advisors
Replies: 240
Views: 17379

Re: A costly mistake made by both investors and advisors

The current dividend is about 2% and you can use historical growth of earnings/dividends of about 2% to get you 4% expected return. I thought dividends were neutral... Dividends have slowly been going down over the past 50 years, but we've been told by many on these boards that won't affect total r...
by HomerJ
Sat Aug 06, 2016 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: "4% Rule" ...is broken? [argumentative]
Replies: 150
Views: 8576

Re: "4% Rule" ...is broken? [argumentative]

Homer, we are not at extremes of market valuation or investor sentiment. Just keep doing what you are doing. What I am saying that as you get older and older , and your portfolio gets bigger and bigger, you might want to start thinking about the things I have discussed. When your portfolio is $50,0...
by HomerJ
Sat Aug 06, 2016 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: "4% Rule" ...is broken? [argumentative]
Replies: 150
Views: 8576

Re: "4% Rule" ...is broken? [argumentative]

First of all, valuations DO matter. Homer, if valuations didn't matter, you would have been perfectly happy to have all your stock investments in the very speculative high tech and internet stocks in early 2000, just before the crash. Some of those stocks and underlying companies don't even exist t...
by HomerJ
Sat Aug 06, 2016 12:37 pm
Forum: Investing - Theory, News & General
Topic: A costly mistake made by both investors and advisors
Replies: 240
Views: 17379

Re: A costly mistake made by both investors and advisors

A) The data clearly shows that higher valuations lead to lower MEAN outcomes. Sure, in general, and for short-time periods. But the long-term MEAN is comprised of both high valuation periods and low valuation periods, and therefore is in the middle. Is that not correct? Instead, you have stated we ...

Go to advanced search