Search found 9293 matches

by HomerJ
Fri Jan 20, 2017 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: When/If a degree is useful for software developers?
Replies: 14
Views: 756

Re: When/If a degree is useful for software developers?

Spooky wrote:My husband is 44 and has been working in IT, software development his entire career.


If he has that much experience, he doesn't need a degree...

Some HR departments will indeed, not give him the time of day, but many will. He has the "equivalent experience".
by HomerJ
Fri Jan 20, 2017 3:57 pm
Forum: Personal Consumer Issues
Topic: East Coast And Work/Life Balance
Replies: 57
Views: 4196

Re: East Coast And Work/Life Balance

biscuit wrote:We moved quite a bit in the last 8 years and all within the southern states (last few years, mostly within Texas).


Why do you guys move so much?
by HomerJ
Fri Jan 20, 2017 3:49 pm
Forum: Investing - Theory, News & General
Topic: Using "worst case" portfolio results to help determine asset allocation - yea or nay?
Replies: 32
Views: 2231

Re: Using "worst case" portfolio results to help determine asset allocation - yea or nay?

1978-82 long bonds had a -39% real drawdown. 1972-81 10 year treasuries had a -38.21% real drawdown. We also until recently had never seen negative interest rates. That is the "beauty" of a black swan, no one ever sees it coming. You warning against inflation, not bonds. TIPs and I-bonds ...
by HomerJ
Fri Jan 20, 2017 3:48 pm
Forum: Investing - Theory, News & General
Topic: Using "worst case" portfolio results to help determine asset allocation - yea or nay?
Replies: 32
Views: 2231

Re: Using "worst case" portfolio results to help determine asset allocation - yea or nay?

One of my pet peeves is that some of the retirement simulators report a chance of "failure" like you would keep mindlessly spending until you are broke and homeless. There should be some better way to phrase that since it means that you would need to change your plans and cut cut some of ...
by HomerJ
Fri Jan 20, 2017 3:22 pm
Forum: Investing - Theory, News & General
Topic: Using "worst case" portfolio results to help determine asset allocation - yea or nay?
Replies: 32
Views: 2231

Re: Using "worst case" portfolio results to help determine asset allocation - yea or nay?

I think it is indeed wise to pick an AA assuming that the stock market could crash 50% tomorrow and stay down for 5-10 years. If you are young to middle-aged, this may not affect your AA very much at all. Nothing wrong with having 90% in stocks when you are 30, even if a crash does happen. if you ar...
by HomerJ
Fri Jan 20, 2017 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 249
Views: 15168

Re: Annual Vacation Budget

Vilgan wrote:Snorkel gear is cheap to buy and then costs 0 going forward.


Who wants to pack snorkeling fins in their suitcase?

And snorkeling off the beach is okay I guess, but you can usually find much more to see by taking a boat out to a reef. Which isn't free.
by HomerJ
Thu Jan 19, 2017 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 249
Views: 15168

Re: Annual Vacation Budget

average vacation spending in this thread seems really high We (family of 2) just got back from 10 days in Hawaii. While the lodging was cheap since we stayed with others, total cost was about $1k with $700 of that being for the flights and $100 in souvenirs. For food, we hit up costco and generally...
by HomerJ
Thu Jan 19, 2017 1:20 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 298
Views: 45082

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

TheTimeLord wrote:I would have thought Hawaii would be typical aspiration vacation for someone in the middle class or have Caribbean cruises replaced it?


Trip to Hawaii probably costs 3x-4x as much as a typical Caribbean cruise. Just FYI.
by HomerJ
Thu Jan 19, 2017 11:29 am
Forum: Investing - Theory, News & General
Topic: Should I use margin to buy a balanced fund?
Replies: 893
Views: 169824

Re: Should I use margin to buy a balanced fund?

You don't need to do the insane leverage ratios that I've chosen: I would encourage people just starting out to begin with something much lower as they haven't truly experienced a bear market to understand their risk tolerance. Aren't you just starting out yourself? You haven't experienced a bear m...
by HomerJ
Thu Jan 19, 2017 11:24 am
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 298
Views: 45082

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

Another article from Sam (Financial Samurai) on the topic was published yesterday, discussing some reasons he feels make it OK to loosen the purse strings. If you hit 3 of his 13 criteria, you're good to go. When Is It OK To Forsake Stealth Wealth And Spend Up? I meet 5 of the criteria, so I'm allo...
by HomerJ
Wed Jan 18, 2017 1:19 am
Forum: Personal Consumer Issues
Topic: Good Modern Science Fiction
Replies: 210
Views: 20824

Re: Good Modern Science Fiction

Pastwatch: The Redemption of Christopher Columbus is a very good book (weird title I know). Written by Orson Scott Card, the author of the Ender Game books. Set 200 years from now, Pastwatch is an organization that has the technology to look back into the past. Then one day, they discover they might...
by HomerJ
Tue Jan 17, 2017 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: When to annuitize?
Replies: 35
Views: 3400

Re: When to annuitize?

"I'm not trying to disparage TIAA. They may indeed be a good company. I just wonder if they have the same kind of small print, since it's fairly standard in the industry." Sorry, Homer, you effectively are disparaging TIAA. I retired in 2000. I have had both TIAA fixed and variable annuit...
by HomerJ
Tue Jan 17, 2017 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: When to annuitize?
Replies: 35
Views: 3400

Re: Variable annuities

As it turns out, TIAA variable annuities are one of the few good ones out there. Most other ones apparently have high fees and confusing rules... Are you sure? No confusing rules at all? The market went up nearly 10% in one month recently. Most variable annuities would have capped your gains in tha...
by HomerJ
Tue Jan 17, 2017 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: When to annuitize?
Replies: 35
Views: 3400

Re: Variable annuities

As it turns out, TIAA variable annuities are one of the few good ones out there. Most other ones apparently have high fees and confusing rules... Are you sure? No confusing rules at all? The market went up nearly 10% in one month recently. Most variable annuities would have capped your gains in tha...
by HomerJ
Tue Jan 17, 2017 12:53 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1130
Views: 152500

Re: QSPIX - thoughts on interesting fund

Regardless you give up diversification by forgoing stocks. Definitely a bad idea. On the flip side, if you started out with an asset allocation of only AQR Style Premia (QSPIX) and bonds, somebody could just as well say that you could probably get similar (quite possibly better) returns with lower ...
by HomerJ
Tue Jan 17, 2017 10:54 am
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1130
Views: 152500

Re: QSPIX - thoughts on interesting fund

If take from equities should get similar portfolio returns with lower volatility and less downside risk. Serious question. Why own equities at all if the above is true? If the answer is diversification, shouldn't QSPIX be your "main" fund, with only 10%-20% in equities for diversification...
by HomerJ
Tue Jan 17, 2017 10:03 am
Forum: Investing - Help with Personal Investments
Topic: So, I'm going to gamble (for fun) and buy some individual stocks. Best way?
Replies: 65
Views: 3656

Re: So, I'm going to gamble (for fun) and buy some individual stocks. Best way?

In 2008/2009 you could have picked any number of recognizable blue chip names and quadrupled if not more, the amount you bet on. Unless you picked GE (still not back at it's previous high before the crash) or GM (went bankrupt and you lost it all). And of course, the broad market index has tripled ...
by HomerJ
Mon Jan 16, 2017 1:02 am
Forum: Personal Finance (Not Investing)
Topic: Does it sound like my employer trying to push me out?
Replies: 60
Views: 5848

Re: Does it sound like my employer trying to push me out?

It's an awkward situation for sure. I'm underpaid as a developer but an overpaid support person. They have me occasionally doing things like changing printer cartridges. I guess if I want to continue working with software and databases then I will have to move on. Or else stay and become a glorifie...
by HomerJ
Sun Jan 15, 2017 4:06 pm
Forum: Investing - Theory, News & General
Topic: Retired, expenses covered but still growing portfolio, why?
Replies: 46
Views: 4319

Re: Retired, expenses covered but still growing portfolio, why?

Several of our members have all their retirement living expenses covered by SS and pensions and continue to grow their low to mid 7 digit portfolios in retirement. For those individuals what if the purpose of continuing to grow these portfolios instead of using the funds to upgrade materials items,...
by HomerJ
Sun Jan 15, 2017 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Does it sound like my employer trying to push me out?
Replies: 60
Views: 5848

Re: Does it sound like my employer trying to push me out?

Unless you are retiring in the next 2-3 years, this sounds like a total dead-end company. In general, it is not a good idea for IT people to stay with the same company for 10+ years. ESPECIALLY a company that is no longer innovating. IT changes rapidly. If you're just supporting old systems, and not...
by HomerJ
Sun Jan 15, 2017 12:21 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1130
Views: 152500

Re: QSPIX - thoughts on interesting fund

Lieutenant.Columbo wrote:Right now, I'm leaning towards
45% RT6
10% alternatives (5% LENDX, 2.5% QSPIX, 2.5% SRRIX)
45% bonds


What is RT6?
by HomerJ
Fri Jan 13, 2017 10:37 pm
Forum: Investing - Theory, News & General
Topic: Burton Malkiel says "Don't Buy Bonds"
Replies: 48
Views: 8693

Re: Determining bond allocation

Taylor Larimore wrote:Bogleheads:

In my opinion, age is not the only determinant for our bond allocation. Risk tolerance and personal financial situation are also important.

Best wishes.
Taylor


I agree, but very often age is a huge factor in your risk tolerance and personal financial situation.
by HomerJ
Fri Jan 13, 2017 10:36 pm
Forum: Investing - Theory, News & General
Topic: Burton Malkiel says "Don't Buy Bonds"
Replies: 48
Views: 8693

Re: Burton Malkiel says "Don't Buy Bonds"

The referenced video was made in early 2011. He was a tad early in his predictions about rising interest rates as the Federal Reserve gradually unwinds its interest rate repression, as Malkiel call it. I have concerns about bonds as well. Going from memory here, but it seems that bonds lost about 5...
by HomerJ
Fri Jan 13, 2017 1:24 am
Forum: Investing - Help with Personal Investments
Topic: $600,000. Now what?
Replies: 55
Views: 9926

Re: $600,000. Now what?

Interesting thread got resurrected from 2014 recently... https://www.bogleheads.org/forum/viewtopic.php?f=10&t=148446 Here's a comment from that thread that might be of interest to the OP... GTAT investor here... I lost $160k - a huge chunk of my portfolio. The only saving grace for me is I'm st...
by HomerJ
Fri Jan 13, 2017 12:09 am
Forum: Personal Consumer Issues
Topic: Insurance company "outdoor steps need a railing"
Replies: 56
Views: 7751

Re: Insurance company "outdoor steps need a railing"

fandango wrote:I have never had "insurance come by" and look at any of my 20 homes.


Well, no one is going to mess with a billionaire who owns 20 homes! :)
by HomerJ
Thu Jan 12, 2017 11:12 am
Forum: Investing - Help with Personal Investments
Topic: $600,000. Now what?
Replies: 55
Views: 9926

Re: $600,000. Now what?

I went to Vegas when I was in my early twenties. I had read a couple of card-counting books for black-jack, and how to get the best odds at craps, and I had read an excellent book on money management when gambling (the most important skill for not letting a couple of bad runs at the tables ruin you)...
by HomerJ
Thu Jan 12, 2017 10:57 am
Forum: Investing - Help with Personal Investments
Topic: $600,000. Now what?
Replies: 55
Views: 9926

Re: $600,000. Now what?

if we told everyone who ever tried to swing for the fences to calm down and just hit guaranteed singles, there would be no Hank Aaron's in this world. You really need to think more about this analogy. If everyone swings for the fences, and only 1% are Hank Aarons, then 99% of people strike out. Whi...
by HomerJ
Wed Jan 11, 2017 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: $600,000. Now what?
Replies: 55
Views: 9926

Re: $600,000. Now what?

Although I recently refinanced both properties and received $40,000 (essentially a 100% return in 5 years). You still owe that $40,000. You have been very lucky. You invested in real estate at the right time, and you picked a very good stock. But nothing lasts forever. You cannot count on these kin...
by HomerJ
Wed Jan 11, 2017 1:25 am
Forum: Local Chapters and Bogleheads Community
Topic: Sad News About a Respected Forum Member
Replies: 100
Views: 13148

Re: Sad News About a Respected Forum Member

He touched many lives.

That's a real legacy. He will be missed.
by HomerJ
Mon Jan 09, 2017 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Do you really need 2.5 million to retire well?
Replies: 267
Views: 46459

Re: Do you really need 2.5 million to retire well?

Ged wrote:2.5 MM ? No you don't need that. My wife and I have income from pensions and SS which will be about 80K when we start taking SS.


$80,000 a year from pensions and SS is the same as pulling 4% from $2 million.

Wish I had a pension :(
by HomerJ
Mon Jan 09, 2017 10:56 am
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 18483

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

Regarding dividends being cut...AT&T and Verizon were two companies that did not cut dividends. I checked because a year ago I swapped a large percentage of my bond funds for these two stocks, solely for the dividend income. I know, I know...I've already been 'beaten up' on this forum for this ...
by HomerJ
Mon Jan 09, 2017 1:35 am
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 18483

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

My portfolio went down by about 60% in the 2008/9 crash. I just kept saving. I have a merriman slice and dice portfolio so it is even more volatile than a large cap, us centric portfolio. What I haven't experienced is the same sort of drop while retired. As long as my portfolio keeps kicking out di...
by HomerJ
Sun Jan 08, 2017 3:02 am
Forum: Investing - Help with Personal Investments
Topic: Anybody else Age - 10 in bonds, rest in stocks
Replies: 58
Views: 3866

Re: Anybody else Age - 10 in bonds, rest in stocks

I'm 47, wife is 55.

We are 50/50 stocks/bonds.

When we are 5 years out from retirement, I will start a CD ladder, so the day we retire we will have 5 years of expenses in cash, and the rest remaining at 50/50

(5 years of 4% expenses equals 20/40/40 cash/stocks/bonds)
by HomerJ
Sat Jan 07, 2017 10:55 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 27002

Re: Whats your number to walk away?

My thinking is that if I retire in 9 years, my pension will guarantee about $10k per month Egads, must be REALLY nice... At a 3.5% SWR, to replace that income from the pension would require $3.7M - or $10,800 per month. Well, assuming you need 10,800 a month in retirement. Man, that's a sweet deal....
by HomerJ
Sat Jan 07, 2017 10:52 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 27002

Re: Whats your number to walk away?

island wrote:I don't have a number


There's no number that would let you retire today? Not 1 billion?

Or are you saying you love your job so much you'd do it for free?
by HomerJ
Sat Jan 07, 2017 10:51 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 27002

Re: Whats your number to walk away?

OutInThirteen wrote:as pensions and SS more than cover our expenses.


Must be nice.
by HomerJ
Sat Jan 07, 2017 10:50 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 27002

Re: Whats your number to walk away?

mt wrote:$6M for me. I am on track to hit that somewhere age 57-60.

As an aside, has anyone else noticed that male Bogleheads tend to have younger wives?


My wife is 8 years older... Where do you get your data?
by HomerJ
Sat Jan 07, 2017 6:01 pm
Forum: Personal Consumer Issues
Topic: Alaska cruise - Help me convince my family
Replies: 57
Views: 3647

Re: Alaska cruise - Help me convince my family

Thanks for the replies all!

I'm going to let my wife read this thread... even though half of you agree with her!
by HomerJ
Sat Jan 07, 2017 1:07 am
Forum: Personal Consumer Issues
Topic: Alaska cruise - Help me convince my family
Replies: 57
Views: 3647

Alaska cruise - Help me convince my family

I want to do an Alaskan cruise this summer or maybe next, but my wife and kids and other family members are not very interested. (1) It's quite a bit more expensive than a Caribbean cruise (2) It's a not a warm Caribbean cruise So those of you who have done it, tell me how amazing it is, so I can fo...
by HomerJ
Fri Jan 06, 2017 11:26 pm
Forum: Investing - Theory, News & General
Topic: I am timing the market. Why am I wrong?
Replies: 89
Views: 5716

Re: I am timing the market. Why am I wrong?

I would suggest a 50/50 stocks/bonds portfolio. That way you are always right! If the market is up, hey you are getting gains on the stock side of your portfolio! If the market is down, hey, at least you were smart enough to keep 50% of your money safe! 50/50, buy and hold for the next 10-20 years, ...
by HomerJ
Fri Jan 06, 2017 11:22 pm
Forum: Investing - Theory, News & General
Topic: I am timing the market. Why am I wrong?
Replies: 89
Views: 5716

Re: I am timing the market. Why am I wrong?

since making this decision I have missed out on a lot of gains. I can't help but feel that the day that I cave in and buy will be the market top. Please help. That's why you're wrong. You missed out on a lot of gains, and you now are stressed over whether or not to get back in. Timing the market is...
by HomerJ
Fri Jan 06, 2017 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 249
Views: 15168

Re: Annual Vacation Budget

What is your average annual budget/spending for vacations (Family of 2-4)? I am trying to step up a little bit on my vacation spending (live a little!) but do want to spend too much. Currently I am thinking 8-10k for three people. Without knowing your income and our incomes, the responses to your q...
by HomerJ
Fri Jan 06, 2017 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Is a prenup always necessary when remarrying?
Replies: 49
Views: 3695

Re: Is a prenup always necessary when remarrying?

My wife was divorced before she married me and she had two small children with her previous husband. She had a decent sized portfolio from the divorce (about the same as you). I was just starting my career, was broke, and still had some student loans at the time. She asked me to sign a prenup before...
by HomerJ
Thu Jan 05, 2017 11:16 pm
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 18483

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

Speaking of 40 years, why wouldn't I invest like a I have a 40 year time horizon (eg. more stock than bond heavy)? Because you will be pulling money out over those 40 years, not putting money in. High allocation to stocks when you are pulling out money each year, stock crashes can devastate you if ...
by HomerJ
Thu Jan 05, 2017 11:12 pm
Forum: Investing - Help with Personal Investments
Topic: Experienced investor: For your portfolio, at what point compound interest really kick in for you? $500k? $1million+?
Replies: 35
Views: 4422

Re: Experienced investor: For your portfolio, at what point compound interest really kick in for you? $500k? $1million+

I don't think it is an absolute number, but is instead relative to your savings rate. I'm excited for the day when my portfolio return is larger than my new contributions, but that is still many years away. This. When you save $10k, and your portfolio goes up $20k that year, or when you save $30k, ...
by HomerJ
Thu Jan 05, 2017 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Difference between HCOL and LCOL [High and Low Cost of Living]
Replies: 35
Views: 2971

Re: Difference between HCOL and LCOL

If your home is paid off, the housing cost difference which is normally a big part of the difference doesn't factor in. I think this assumption is invalid, you must consider housing to compare HCOL to LCOL. If are talking about moving from a HCOL area to a LCOL area, your replacement home will be p...
by HomerJ
Thu Jan 05, 2017 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Difference between HCOL and LCOL [High and Low Cost of Living]
Replies: 35
Views: 2971

Re: Difference between HCOL and LCOL

Property taxes are hugely different. (1) Tax rates are different in the various states (2) Sure, that $1 million home is paid off, but the property tax is still on one million dollars (instead of the $200,000 that same house would cost in a LCOL area). I mention all the time that I could easily reti...
by HomerJ
Thu Jan 05, 2017 2:13 pm
Forum: Investing - Theory, News & General
Topic: Reasons to Increase AA and take more risk
Replies: 10
Views: 865

Re: Reasons to Increase AA and take more risk

I don't have a good rationale to do this other than I've learned that I can comfortably handle more risk than I initially thought when setting my 70/30 AA. How did you learn this? in 2008-2009? How much money did you have invested back then compared to today? Percentages are one thing, but watching...
by HomerJ
Thu Jan 05, 2017 11:34 am
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 27002

Re: Whats your number to walk away?

Long time listener, first time caller... May I ask how people include expected income from pensions in assessing "your number" and also how people differentiate (if at all) between taxable and Roth assets in assessing "your number"? Well, you have to have an idea of what your ex...
by HomerJ
Wed Jan 04, 2017 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: Lending Club desperate for investors?
Replies: 87
Views: 9321

Re: Lending Club desperate for investors?

Unsecured lending to people who are bad with money holds no appeal to me. All the borrowers are doing is churning debt. It is certainly possible it will all crash down someday. Do people here realize they are investing in something very similar to that pay-day loan business down in the bad part of ...

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