Search found 8886 matches

by HomerJ
Fri Sep 23, 2016 11:57 am
Forum: Investing - Theory, News & General
Topic: The Trouble with "Buy and Hold"
Replies: 103
Views: 6288

Re: The Trouble with "Buy and Hold"

1973 is an interesting starting point... Right before a 50% market crash, which this system manages to avoid* So starting off with missing a 50% crash gives any system a huge leg up for the following 40 years. Even if it underperforms in following decades, it still shows good results with that big h...
by HomerJ
Fri Sep 23, 2016 12:11 am
Forum: Investing - Theory, News & General
Topic: The Trouble with "Buy and Hold"
Replies: 103
Views: 6288

Re: The Trouble with "Buy and Hold"

If you had invested at the height of the tech bubble Who invested zero money in 1990s, zero money in the 2000s, and only invested money at the height of the tech bubble? (1) You need to use a Morningstar total return chart that shows how much $10,000 has grown, not a price chart that ignores 2%-3% ...
by HomerJ
Thu Sep 22, 2016 9:01 pm
Forum: Personal Consumer Issues
Topic: Tesla Autopilot 8.0
Replies: 32
Views: 1306

Re: Tesla Autopilot 8.0

Adaptive cruise control gets ride of some of the problems with normal cruise control (i.e. I want to say 10 car lengths behind the guy in front but he keeps varying between 63mph and 67mph). I absolutely HATE adaptive cruise control... I don't want to stay 10 car lengths behind a guy who keeps vary...
by HomerJ
Thu Sep 22, 2016 4:46 pm
Forum: Personal Consumer Issues
Topic: Tesla Autopilot 8.0
Replies: 32
Views: 1306

Re: Tesla Autopilot 8.0

I am curious, do the new Autopilot cars allow one to set a cruise control speed, and will the car automatically pass slower drivers? Yes, you can set a cruise control speed. The car will only move to pass slower drivers if the adjacent lane is clear and you use the turn signal to switch lanes. Well...
by HomerJ
Thu Sep 22, 2016 4:43 pm
Forum: Personal Consumer Issues
Topic: Tesla Autopilot 8.0
Replies: 32
Views: 1306

Re: Tesla Autopilot 8.0

harikaried wrote:
HomerJ wrote:As I catch up to his car, I move over to the passing lane and pass him.
You can do this with adaptive cruise control as well with a much lower risk of crashing into the car that's driving slower.


Only if I move over the passing long before I get near the car ahead of me...
by HomerJ
Thu Sep 22, 2016 4:27 pm
Forum: Personal Consumer Issues
Topic: Tesla Autopilot 8.0
Replies: 32
Views: 1306

Re: Tesla Autopilot 8.0

Adaptive cruise control gets ride of some of the problems with normal cruise control (i.e. I want to say 10 car lengths behind the guy in front but he keeps varying between 63mph and 67mph). I absolutely HATE adaptive cruise control... I don't want to stay 10 car lengths behind a guy who keeps vary...
by HomerJ
Mon Sep 19, 2016 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Prospective Employer Wants Salary History & Desired Salary
Replies: 265
Views: 17509

Re: Prospective Employer Wants Salary History & Desired Salary

That information is useful to me as an employer as it helps gauge how your past employers evaluated you. If you were getting paid at the bottom of their range, not going to hire you. If you're paid at the top, I'm probably more willing to stretch, because you're probably good. If you're moving ever...
by HomerJ
Mon Sep 19, 2016 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Prospective Employer Wants Salary History & Desired Salary
Replies: 265
Views: 17509

Re: Prospective Employer Wants Salary History & Desired Salary

I have explained in a prior post what I learn from someone's salary history. I can't find it... Could you elaborate? All I found was this... When I've been in the hiring position, I've always been willing to give the comp range and benefits for a position I've been looking to fill. I've always aske...
by HomerJ
Mon Sep 19, 2016 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: How do you view money over and above your number?
Replies: 47
Views: 4249

Re: How do you view money over and above your number?

My goal is $2 million at 55... If I had an extra $300k somehow at 55 (inheritance?), I would probably spend most of it on extra luxuries during the first 10 years of retirement (maybe first class tickets when flying to Europe or Australia, or taking the entire extended family on a cruise each year)....
by HomerJ
Mon Sep 19, 2016 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone accidentally tell a friend about your inheritance?
Replies: 83
Views: 8762

Re: Anyone accidentally tell a friend about your inheritance?

I doubt your friend is that jealous of you. $150k at 23 isnt an extreme amount of money. I probably had a little north of that at that age...and I didnt even inherit anything. I'm not sure if it's a blessing or a curse to have such a limited perspective. 99.5% of 23-year olds would disagree with yo...
by HomerJ
Mon Sep 19, 2016 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Prospective Employer Wants Salary History & Desired Salary
Replies: 265
Views: 17509

Re: Prospective Employer Wants Salary History & Desired Salary

Why do you want salary history?

There is only one reason I can think of. To help you determine an offer.

Is there any other reason to know salary history? Please help me here.
by HomerJ
Sat Sep 17, 2016 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Prospective Employer Wants Salary History & Desired Salary
Replies: 265
Views: 17509

Re: Prospective Employer Wants Salary History & Desired Salary

DaftInvestor, A) You had told everyone that by disclosing the salary, the person will get paid less. But, you still advice people to disclose their salary? I'm confused by this as well. Multiple people, including DaftInvestor, have admitted they will pay an employee less if the employee discloses t...
by HomerJ
Fri Sep 16, 2016 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Prospective Employer Wants Salary History & Desired Salary
Replies: 265
Views: 17509

Re: Prospective Employer Wants Salary History & Desired Salary

I work really hard to give everyone I hire the best salary I can - at my company it is easier to get someone a salary they will be excited about when they are hired - it is much harder to give really good raises after first year as budgets are limited. This is exactly why negotiating that starting ...
by HomerJ
Fri Sep 16, 2016 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Questions for Insurance Salesman on Whole Life Policy
Replies: 59
Views: 3636

Re: Questions for Insurance Salesman on Whole Life Policy

Your insurance agent is probably not evil or "playing" you. He probably is a good guy, and truly believes he's looking out for your best interests. But he doesn't know that his products aren't really the best for you. I had a financial planner who had all our money in high-fee mutual funds...
by HomerJ
Thu Sep 15, 2016 3:44 pm
Forum: Investing - Theory, News & General
Topic: market timing
Replies: 41
Views: 2347

Re: market timing

star9 wrote:it seems logical to wait a bit


Market timing.
by HomerJ
Thu Sep 15, 2016 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Prospective Employer Wants Salary History & Desired Salary
Replies: 265
Views: 17509

Re: Prospective Employer Wants Salary History & Desired Salary

The point I want to make to hiring managers:

If it's obvious that I'm leaving my last job at least partly because I'm underpaid, recognize that if you underpay me as well, I will be leaving you too.
by HomerJ
Thu Sep 15, 2016 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Prospective Employer Wants Salary History & Desired Salary
Replies: 265
Views: 17509

Re: Prospective Employer Wants Salary History & Desired Salary

Another answer is just keep moving until you are paid fairly, and then you'll won't have any problems giving out your current salary. So you start as desktop tech, making $35k... You work hard, get promoted to server admin, but the HR policies at the company are terrible, and after 5 years you are o...
by HomerJ
Thu Sep 15, 2016 11:55 am
Forum: Investing - Theory, News & General
Topic: the upcoming bond bubble
Replies: 16
Views: 1948

Re: the upcoming bond bubble

jjface wrote:If rates rise 1% my bond fund might drop 5%. Pretty small bubble. Rates are unlikely to be risen at a fast rate either.


Note that interest rate changes made by the Fed do not directly change bond rates

The Fed raised interest rates from 1% to 5% in 2005-2006, and there was no bond market crash.
by HomerJ
Wed Sep 14, 2016 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Retirement: Where $200K Will Last 30 Years
Replies: 93
Views: 13799

Re: Retirement: Where $200K Will Last 30 Years

$150K in much of the country will get you a quite respectable middle class house or condo with those property taxes and insurance. Our 1500 square foot 3 bedroom, 2 bath lake condo (with a boat slip) cost us $200,000. Insurance, property taxes, HOA (covers dock maintenance, two pools, yard work, et...
by HomerJ
Tue Sep 13, 2016 5:09 pm
Forum: Personal Consumer Issues
Topic: Should I lease a Tesla?
Replies: 136
Views: 9683

Re: Should I lease a Tesla?

Or am I missing the irony, here? ;-). Yeah I was joking. I was basically trying to describe a gas-powered car. I thought it was a funny picture of someone burning gas to power a generator to charge a car. Wouldn't it be great if there was a car that just ran directly on gas!? <--- that was my joke....
by HomerJ
Tue Sep 13, 2016 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Prospective Employer Wants Salary History & Desired Salary
Replies: 265
Views: 17509

Re: Prospective Employer Wants Salary History & Desired Salary

Hiding the fact that I am highly paid for my job/level would only hurt my negotiations. And the reverse? Can disclosing the fact that you are underpaid for your job/level hurt your negotiations? People have posted in this very thread that they would make a lower offer to someone with a current low ...
by HomerJ
Tue Sep 13, 2016 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Prospective Employer Wants Salary History & Desired Salary
Replies: 265
Views: 17509

Re: Prospective Employer Wants Salary History & Desired Salary

Jack FFR1846 wrote:A salary negotiation is no different than any other negotiation.


True in most respects, except you're going to have to work with and sometimes depend on the person you're negotiating with for the next 1-30 years.
by HomerJ
Tue Sep 13, 2016 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Prospective Employer Wants Salary History & Desired Salary
Replies: 265
Views: 17509

Re: Prospective Employer Wants Salary History & Desired Salary

Most companies for a long time have a "pay for performance" philosophy whereby the best employees get the better merit raises, bonuses, and equity awards. It's built into their entire compensation system. Perhaps that's not the case in government or small businesses - I don't know - but c...
by HomerJ
Tue Sep 13, 2016 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Prospective Employer Wants Salary History & Desired Salary
Replies: 265
Views: 17509

Re: Prospective Employer Wants Salary History & Desired Salary

Bingo, there it is!! "[We] would be wasting money to offer him $85k if he's making $60k". I guess that depends on your definition of "fair". Not everyone should be earning midpoint, at least in compensation theory in private businesses. Earning midpoint at a salary range means a...
by HomerJ
Tue Sep 13, 2016 8:55 am
Forum: Investing - Theory, News & General
Topic: An "out of sample" test of two specific factor-based portfolios published pre-2008
Replies: 76
Views: 4910

Re: An "out of sample" test of two specific factor-based portfolios published pre-2008

larryswedroe wrote:Homer
For what it's worth when you work with a book publisher, as I did with my first 12 books you have literally no say in the title. The actual title I recommended for that book was What Wall Street Doesn't Want You to Know.


Thanks for the clarification...
by HomerJ
Mon Sep 12, 2016 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Prospective Employer Wants Salary History & Desired Salary
Replies: 265
Views: 17509

Re: Prospective Employer Wants Salary History & Desired Salary

I guess so. I am too busy making money to negotiate with someone who isn't even hired yet. If they want to negotiate from day one is everything going to be a negotiation? I have no time for that. I presume I am not the only owner that thinks like I think. I appreciate you think the opposite. Makes ...
by HomerJ
Mon Sep 12, 2016 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Prospective Employer Wants Salary History & Desired Salary
Replies: 265
Views: 17509

Re: Prospective Employer Wants Salary History & Desired Salary

As I wrote earlier in the thread, I like to know what someone is getting paid because I like to make offers that are easily accepted. If I say I'm looking for $90k and you offer me $90k, the offer will be easily accepted. The only reason most managers want to know that I am making $70k at my curren...
by HomerJ
Mon Sep 12, 2016 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Prospective Employer Wants Salary History & Desired Salary
Replies: 265
Views: 17509

Re: Prospective Employer Wants Salary History & Desired Salary

So the employer has contacted me after the initial interview asking about my current salary and my desired salary before they commit to making an offer. I've included a link below to my previous post on the subject... which, suffice to say, I'm being significantly underpaid at the moment. What kind...
by HomerJ
Mon Sep 12, 2016 1:28 pm
Forum: Personal Consumer Issues
Topic: Should I lease a Tesla?
Replies: 136
Views: 9683

Re: Should I lease a Tesla?

https://s13.postimg.org/bb9egigwn/2014_bmw_i3_electric_car_charged_with_portable_g.png If only they could invent a car that has the gas-burning generator INSIDE the car, so it would automatically be charged all the time! That would be amazing! Of course, if the generator was INSIDE the car, you'd h...
by HomerJ
Mon Sep 12, 2016 12:47 pm
Forum: Investing - Theory, News & General
Topic: An "out of sample" test of two specific factor-based portfolios published pre-2008
Replies: 76
Views: 4910

Re: An "out of sample" test of two specific factor-based portfolios published pre-2008

nisiprius wrote:Larry, I don't own your book, I assume you mean The Only Guide To Winning Investment Strategy You'll Ever Need: Index Funds and Beyond--The Way Smart Money Creates Wealth Today,


That title always make me smile...

Makes me wonder why Larry has recently written another book, though... :)
by HomerJ
Mon Sep 12, 2016 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: Is anyone else feeling courageous enough to buy today?
Replies: 90
Views: 6400

Re: Is anyone else feeling courageous enough to buy today?

shake - I've been doing a little trial and error since 1977, and I learned that it is always a good day to buy the S&P 500, and maybe even better to buy TSM. Maybe 2008 was an exception unless you were just beginning, I'll give you that. Nobody earned money with cash and a wish list. Go for it,...
by HomerJ
Mon Sep 12, 2016 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Too much life insurance?
Replies: 99
Views: 4557

Re: Too much life insurance?

lol @ "trying to con the OP" - come on now. OP sounds like they were given both options and allowed to decide what they feel is best, that's what an agent is supposed to do. Look up the phrase "conflict of interest". Which option pays the agent more? You are extremely naïve if y...
by HomerJ
Sun Sep 11, 2016 10:23 am
Forum: Personal Consumer Issues
Topic: So being 40 is "old" in the high tech business?
Replies: 129
Views: 9075

Re: So being 40 is "old" in the high tech business?

dcabler wrote:estimate design hours


This is always my favorite part. I love watching PM heads explode when I tell them the truth.

"I don't know how long this is going to take."

We go back and forth, and then finally my boss forces me to lie, "Okay it will take 60 hours."
by HomerJ
Fri Sep 09, 2016 4:00 pm
Forum: Personal Consumer Issues
Topic: So being 40 is "old" in the high tech business?
Replies: 129
Views: 9075

Re: So being 40 is "old" in the high tech business?

furwut wrote:When I first started in IT I liked the fact that there was always something radically new to learn and apply every 2 - 3 years. Towards the end of my career I realized that fact also diminished the value of my years of experience vis-a-vis a much younger employee.


Very good point.
by HomerJ
Fri Sep 09, 2016 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Is it typical to wait ~24 months for a meaningful/significant raise at work?
Replies: 45
Views: 3756

Re: Is it typical to wait ~24 months for a meaningful/significant raise at work?

I don't understand mega-corp employee policies at all. It is pure mathematics. You have 10 employees making $100K, that is $1M. With a turnover rate of 20% and the new hires cost you 15% more. That is 8 * $100K = $800K + (2* $115K = $230K) = only $1.03M The reality is that lemmings stay [(removed) ...
by HomerJ
Fri Sep 09, 2016 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Too much life insurance?
Replies: 99
Views: 4557

Re: Too much life insurance?

A lot of good advices. Thank you. I am now debating between a 30 year term life for $120 a month or universal 65 year for $280 a month. My grandparents passed at 82 and 84. My parents are still here in their late 60s and early 70s. Chances are slim to none that I will live past 100. The universal l...
by HomerJ
Fri Sep 09, 2016 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Too much life insurance?
Replies: 99
Views: 4557

Re: Too much life insurance?

A lot of good advices. Thank you. I am now debating between a 30 year term life for $120 a month or universal 65 year for $280 a month. My grandparents passed at 82 and 84. My parents are still here in their late 60s and early 70s. Chances are slim to none that I will live past 100. The universal l...
by HomerJ
Thu Sep 08, 2016 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Too much life insurance?
Replies: 99
Views: 4557

Re: Too much life insurance?

HomerJ- We are each different. At one point I had about $6m of life insurance. To ME I wanted to make sure my wife and kids continued our lifestyle forever with no change and no concern. Not even a moment's doubt. To ME that is important. We all are different. Good point. As to what's "middle&...
by HomerJ
Thu Sep 08, 2016 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Too much life insurance?
Replies: 99
Views: 4557

Re: Too much life insurance?

UL will not pay out $1M in 30 years. It might pay out $1M in 50 years, or might not. Did you look at the assumptions? This salesperson is conning you. Run away, fast. I am still working on these numbers. I got 2 quotes: 1M 30 year term life for $120 a month OR universal life for 1M for 65 years or ...
by HomerJ
Thu Sep 08, 2016 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Too much life insurance?
Replies: 99
Views: 4557

Re: Too much life insurance?

OP, what are your families expenses? $1 million should probably be enough to take care of your family if something happens to you. Your husband can always go back to work if absolutely necessary... Life insurance money isn't supposed to be enough to let the family retire... $1 million should make t...
by HomerJ
Thu Sep 08, 2016 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Too much life insurance?
Replies: 99
Views: 4557

Re: Too much life insurance?

Well, it appears that I am outvoted. (laughing) OK...I admit I may be wrong. Perhaps my risk tolerance is much higher than what most consider acceptable. One's risk tolerance has absolutely nothing to do with it. If someone is 30 with two young kids, and she dies, it doesn't matter if she had a hig...
by HomerJ
Thu Sep 08, 2016 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Too much life insurance?
Replies: 99
Views: 4557

Re: Too much life insurance?

To me a person has to look at how much income the life insurance provides to determine if it will adequately replace the breadwinner's income. $1mil in the bank produces a few pennies a year so is not enough income replacement except for very low income families. I think most middle income earners ...
by HomerJ
Thu Sep 08, 2016 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Too much life insurance?
Replies: 99
Views: 4557

Re: Too much life insurance?

OP, what are your families expenses? $1 million should probably be enough to take care of your family if something happens to you. Your husband can always go back to work if absolutely necessary... Life insurance money isn't supposed to be enough to let the family retire... $1 million should make th...
by HomerJ
Thu Sep 08, 2016 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Too much life insurance?
Replies: 99
Views: 4557

Re: Too much life insurance?

IMHO, any life insurance is too much. Chances are your heirs would have a better standard of living if you never bought ANY life insurance and instead invested the money you spend on premiums wisely. That is what I did...I'm 64 now, and I KNOW my heirs will come out way ahead . Life insurance is a ...
by HomerJ
Thu Sep 08, 2016 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Is it typical to wait ~24 months for a meaningful/significant raise at work?
Replies: 45
Views: 3756

Re: Is it typical to wait ~24 months for a meaningful/significant raise at work?

if you ask me, that's a bit long to wait - especially at the more junior level. 2 years with just COL raises, if that? just seems a bit slow, especially when you can jump ship to other companies after about the 1 year mark and probably get 10% without even trying. your thoughts? In my experience (I...
by HomerJ
Wed Sep 07, 2016 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 299
Views: 39066

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

I actually spend less now annually than I did when I was in my 20s Well, it makes sense that you feel less wealthy then. I was dead-broke and in debt in my 20s, and I spend far more today than I did back then, without having student-loan and credit-card debt hanging over my head, and so I feel extr...
by HomerJ
Tue Sep 06, 2016 3:35 pm
Forum: Investing - Help with Personal Investments
Topic: How do you calculate your expected expenses in retirement?
Replies: 18
Views: 2886

Re: How do you calculate your expected expenses in retirement?

We just look at our current expenses (this works for us because we are 5-10 years from retirement) and use that number.
by HomerJ
Tue Sep 06, 2016 2:17 pm
Forum: Personal Consumer Issues
Topic: Las Vegas with kid, any suggestions?
Replies: 19
Views: 1845

Re: Las Vegas with kid, any suggestions?

Watch out for the "free CD" scammers. If you're walking down the street and someone tries to hand you something, like a CD, don't take it. If you do, they'll make a big scene and accuse you of taking it without paying. Just keep your hands in your pockets and don't engage with them. This ...
by HomerJ
Tue Sep 06, 2016 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Inheriting lake property with 2 other siblings
Replies: 60
Views: 4684

Re: Inheriting lake property with 2 other siblings

I don't want to inherit this and then be forced to buy out one or both parties at current market rate since they didn't buy it in the first place. I also am not expecting that they do that in return. That doesn't make much sense. I have a problem paying a sibling market value for something that the...
by HomerJ
Tue Sep 06, 2016 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Inheriting lake property with 2 other siblings
Replies: 60
Views: 4684

Re: Inheriting lake property with 2 other siblings

I'd suggest that you and your wife start looking at the property as something that, if you were to inherit a 1/3 interest, you could be easy and generous about. Plan to sell your interest for $1 to the other two sisters (or something similar - could depend on tax impact), and let the sisters decide...

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