Search found 76 matches

by Nick341981
Fri Feb 17, 2017 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: How important is 401k/403b's greater protection against creditors?
Replies: 15
Views: 903

Re: How important is 401k/403b's greater protection against creditors?

Why not leave your assets as protected as possible and use a Roth conversion ladder to get access to them while leaving the bulk protected? I can't think of a good reason not to.
by Nick341981
Tue Feb 07, 2017 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: 2.875% mortgage pay-off financially justifiable?
Replies: 64
Views: 9344

Re: 2.875% mortgage pay-off financially justifiable?

At 2.8% I would borrow as much money as the bank would loan me and hopefully at a 30 year term. It's an odds game of course but I really like my odds of coming out ahead in that situation Does this mean your AA is 100% stocks, and that you'd like an even higher allocation to stocks? Yield on the 20...
by Nick341981
Tue Feb 07, 2017 12:24 am
Forum: Investing - Help with Personal Investments
Topic: Why Wouldn't You Want International Stocks?
Replies: 92
Views: 6880

Re: Do You Really Need International Stocks?

As long as the future resembles the past, you'll do fine. The main reason I invest a significant portion of my equity overseas is because I think there is a reasonable chance that will not be the case. See Japan for the classic example. Basically the exact opposite of what Warren Buffett thinks on ...
by Nick341981
Tue Feb 07, 2017 12:16 am
Forum: Personal Finance (Not Investing)
Topic: 2.875% mortgage pay-off financially justifiable?
Replies: 64
Views: 9344

Re: 2.875% mortgage pay-off financially justifiable?

On this one I like Dave Ramsey's answer the best. If you owned the house debt free, would you pull money out and stick it in the market? If you would then keep the mortgage. If you wouldn't then pay it off. It is the exact same thing just in reverse. I'm in the same boat as you with a 2.875% fixed ...
by Nick341981
Mon Feb 06, 2017 2:29 pm
Forum: Personal Consumer Issues
Topic: Any books really change your outlook on life?
Replies: 270
Views: 40801

Re: Any books really change your outlook on life?

Crippled America- Donald J. Trump
by Nick341981
Sun Feb 05, 2017 8:25 pm
Forum: Investing - Theory, News & General
Topic: Why go with an 80% stock / 20% bond portfolio?
Replies: 328
Views: 17781

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

"bonds should come with a warning label" - Warren Buffett
by Nick341981
Thu Feb 02, 2017 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: America’s best days ahead (from a stock perspective)?
Replies: 10
Views: 1297

Re: America’s best days ahead (from a stock perspective)?

With many of the US companies are multi-nationals and are represented in the SP500 index, I wonder does it matter too much? +1 OP, if you really think you know the future and are smarter than Warren Buffett I guess go international and see how it works out for you. https://www.google.com/amp/www.ma...
by Nick341981
Thu Feb 02, 2017 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: How much will i need to retire in my apartment in nyc?
Replies: 35
Views: 3823

Re: How much will i need to retire in my apartment in nyc?

Really good point on the annual maintenance increase since I am in Yorkville in Manhattan and it is becoming much more expensive and wealthier people are moving in so I should assume the maintenance will go up much more than inflation based on people wanting a fancier lobby and higher end in genera...
by Nick341981
Thu Feb 02, 2017 11:16 am
Forum: Personal Finance (Not Investing)
Topic: How much will i need to retire in my apartment in nyc?
Replies: 35
Views: 3823

Re: How much will i need to retire in my apartment in nyc?

As long as your happy staying in the middle quintile of American households inflation is another thing that is highly over rated here. In 2000 the middle quintile was at $58,125 and 16 years later in 2016 it's $56,832. https://www.advisorperspectives.com/dshort/updates/2016/09/15/u-s-household-incom...
by Nick341981
Wed Feb 01, 2017 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: How much will i need to retire in my apartment in nyc?
Replies: 35
Views: 3823

Re: How much will i need to retire in my apartment in nyc?

Let's just call it 50k a year times 25 equals 1.25 million. Using the 4% rule this should be enough. Fair warning most bogleheads are extremely conservative and extremely risk adverse. If you're comfortable with a 95% chance of success in your retirement use 1.25 million, if you really want 100% go ...
by Nick341981
Sun Jan 22, 2017 3:05 pm
Forum: Personal Consumer Issues
Topic: Selling diamond engagement ring
Replies: 40
Views: 4758

Re: Selling diamond engagement ring

One word, moissanite. Any young guys out there learn from this and many others guys mistake.
by Nick341981
Sat Jan 21, 2017 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: No health insurance tax penalty
Replies: 69
Views: 5387

Re: No health insurance tax penalty

Not recommending this at all, but if the majority of your assets were in a 401k or a Roth and you had a homestead exemption on your house couldn't you file bankruptcy and most of your assets be protected in the event of a bad health event? This of course doesn't even take into account that many peop...
by Nick341981
Wed Jan 18, 2017 5:59 pm
Forum: Investing - Theory, News & General
Topic: Fed Rate [may go] to 3% - [investing consequences?]
Replies: 85
Views: 9076

Re: Fed Rate to 3%

If you seriously think Janet will be running the fed in 2019 you're crazy. She is getting a new boss soon who is not a big fan. Nobody knows where interest rates will be in 2019.
by Nick341981
Wed Jan 11, 2017 7:36 pm
Forum: Investing - Theory, News & General
Topic: I'm just going to leave this here... [Should you rebalance your portfolio?]
Replies: 36
Views: 2419

Re: I'm just going to leave this here...

It is extremely interesting to say the least that a forum named after Jack Bogle doesn't even take his advice as far as rebalancing and international exposure goes. At best it's 50/50 here. There is definitely a hardcore group of "3 funds and rebalance as soon as I hit my bands" group run...
by Nick341981
Wed Jan 11, 2017 6:49 pm
Forum: Investing - Theory, News & General
Topic: I'm just going to leave this here... [Should you rebalance your portfolio?]
Replies: 36
Views: 2419

Re: I'm just going to leave this here...

It is extremely interesting to say the least that a forum named after Jack Bogle doesn't even take his advice as far as rebalancing and international exposure goes. At best it's 50/50 here. There is definitely a hardcore group of "3 funds and rebalance as soon as I hit my bands" group run...
by Nick341981
Wed Jan 11, 2017 6:42 pm
Forum: Investing - Theory, News & General
Topic: I'm just going to leave this here... [Should you rebalance your portfolio?]
Replies: 36
Views: 2419

Re: I'm just going to leave this here...

It is extremely interesting to say the least that a forum named after Jack Bogle doesn't even take his advice as far as rebalancing and international exposure goes. At best it's 50/50 here. There is definitely a hardcore group of "3 funds and rebalance as soon as I hit my bands" group runn...
by Nick341981
Wed Jan 11, 2017 6:36 pm
Forum: Investing - Theory, News & General
Topic: I'm just going to leave this here... [Should you rebalance your portfolio?]
Replies: 36
Views: 2419

Re: I'm just going to leave this here...

Are there other mainstream articles out there talking about the folly of rebalancing that I missed?
by Nick341981
Sat Dec 31, 2016 11:22 am
Forum: Investing - Theory, News & General
Topic: The average investor made just over 5% in 2016, according to Openfolio
Replies: 21
Views: 3033

The average investor made just over 5% in 2016, according to Openfolio

This article is just sad. 25% managed to actually lose money in such a great year and the average return was a paltry 5%(I'm guessing they didn't subtract fees from this).

http://money.cnn.com/2016/12/30/investi ... =investing
by Nick341981
Thu Dec 15, 2016 9:09 pm
Forum: Investing - Theory, News & General
Topic: "How a Second Grader Beats Wall Street" -- A Gem
Replies: 79
Views: 18394

Re: "How a Second Grader Beats Wall Street" -- A Gem

My post is a reaction to your childish hostility toward others with their own reasonable views. So, to substance: 1. Warren Buffett is a legendary investor, and rightfully so...but if you are to praise him you should at least consider his record vs. relevant benchmarks. You compare him to a variety...
by Nick341981
Thu Dec 15, 2016 8:19 pm
Forum: Investing - Theory, News & General
Topic: "How a Second Grader Beats Wall Street" -- A Gem
Replies: 79
Views: 18394

Re: "How a Second Grader Beats Wall Street" -- A Gem

209south wrote:Nick, in reading your posts in this appropriately titled thread, I wonder if you are in fact a second-grader yourself?



Nothing constructive to add so you just resort to second grade name calling. Nice.
by Nick341981
Thu Dec 15, 2016 7:46 pm
Forum: Investing - Theory, News & General
Topic: "How a Second Grader Beats Wall Street" -- A Gem
Replies: 79
Views: 18394

Re: "How a Second Grader Beats Wall Street" -- A Gem

@Nick, you mention that based on the performance of the 2nd grader portfolio, the recommendations you cite were "correct". But the link you gave shows that all the portfolios did roughly the same, excluding the S&P500, which of course only did better than the rest because it is a 100%...
by Nick341981
Thu Dec 15, 2016 6:37 pm
Forum: Investing - Theory, News & General
Topic: "How a Second Grader Beats Wall Street" -- A Gem
Replies: 79
Views: 18394

Re: "How a Second Grader Beats Wall Street" -- A Gem

There are other "titans" with different views. I don't find this particular appeal to authority very enlightening. Historically adding some international has been a little bit beneficial, on average long term. Easy enough to look it up. Now the benefit has been small so if I had a family ...
by Nick341981
Thu Dec 15, 2016 5:20 pm
Forum: Investing - Theory, News & General
Topic: "How a Second Grader Beats Wall Street" -- A Gem
Replies: 79
Views: 18394

Re: "How a Second Grader Beats Wall Street" -- A Gem

There are other "titans" with different views. I don't find this particular appeal to authority very enlightening. Historically adding some international has been a little bit beneficial, on average long term. Easy enough to look it up. Now the benefit has been small so if I had a family ...
by Nick341981
Thu Dec 15, 2016 4:03 pm
Forum: Investing - Theory, News & General
Topic: "How a Second Grader Beats Wall Street" -- A Gem
Replies: 79
Views: 18394

Re: "How a Second Grader Beats Wall Street" -- A Gem

And after all that the 3 most important points(facts) still remain the same. 1.) Jack Bogle himself thinks there is no reason to diversify international and that if you do you are likely over invested international when you consider that most if not all S&P 500 companies are global companies. Th...
by Nick341981
Thu Dec 15, 2016 10:36 am
Forum: Investing - Theory, News & General
Topic: "How a Second Grader Beats Wall Street" -- A Gem
Replies: 79
Views: 18394

Re: "How a Second Grader Beats Wall Street" -- A Gem

Saw this topic today and decided to buy the book. Started reading it and first thing that jumped out at me is the 30% international stocks. Warren Buffett and Jack Bogle himself both seem to think that a simple S&P500 index offers all the international exposure you need. I decided to look up ho...
by Nick341981
Wed Dec 14, 2016 11:07 pm
Forum: Investing - Theory, News & General
Topic: 3 Fund - should it be more diversified?
Replies: 28
Views: 3106

Re: 3 Fund - should it be more diversified?

A better question is, is it too diverse? Warren Buffett and Jack Bogle both seem to think so. Both preach more or less that an S&P 500 index fund offers all the diversity and international exposure that you need. Warren is really big on saying that betting against the USA is dumb. S&P500 plu...
by Nick341981
Wed Dec 14, 2016 10:59 pm
Forum: Investing - Theory, News & General
Topic: "How a Second Grader Beats Wall Street" -- A Gem
Replies: 79
Views: 18394

Re: "How a Second Grader Beats Wall Street" -- A Gem

Saw this topic today and decided to buy the book. Started reading it and first thing that jumped out at me is the 30% international stocks. Warren Buffett and Jack Bogle himself both seem to think that a simple S&P500 index offers all the international exposure you need. I decided to look up how...
by Nick341981
Wed Dec 14, 2016 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: What happens to those who don't invest?
Replies: 70
Views: 4465

Re: What happens to those who don't invest?

Note that a house should be considered a retirement asset, so anyone paying down a mortgage is technically saving (the principal repayments). Even with no liquid retirement assets, a 300-800k property provides rent-free living and can be sold. Except for the fact that in a lot of states(Texas is a ...
by Nick341981
Wed Dec 14, 2016 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: What happens to those who don't invest?
Replies: 70
Views: 4465

Re: What happens to those who don't invest?

Note that a house should be considered a retirement asset, so anyone paying down a mortgage is technically saving (the principal repayments). Even with no liquid retirement assets, a 300-800k property provides rent-free living and can be sold. Except for the fact that in a lot of states(Texas is a ...
by Nick341981
Wed Dec 14, 2016 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: What happens to those who don't invest?
Replies: 70
Views: 4465

Re: What happens to those who don't invest?

The same thing that always happens: These folks will inherit money from their parents, they will work until age 67, and they will collect SS. They are living the dream and will be fine. I doubt it. Most baby boomers will take out reverse mortgages and leave nothing but a pile of bills to their kids...
by Nick341981
Wed Dec 14, 2016 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: What happens to those who don't invest?
Replies: 70
Views: 4465

Re: What happens to those who don't invest?

Note that a house should be considered a retirement asset, so anyone paying down a mortgage is technically saving (the principal repayments). Even with no liquid retirement assets, a 300-800k property provides rent-free living and can be sold. Except for the fact that in a lot of states(Texas is a ...
by Nick341981
Wed Dec 14, 2016 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: What happens to those who don't invest?
Replies: 70
Views: 4465

Re: What happens to those who don't invest?

Note that a house should be considered a retirement asset, so anyone paying down a mortgage is technically saving (the principal repayments). Even with no liquid retirement assets, a 300-800k property provides rent-free living and can be sold. Except for the fact that in a lot of states(Texas is a ...
by Nick341981
Wed Dec 14, 2016 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: What happens to those who don't invest?
Replies: 70
Views: 4465

Re: What happens to those who don't invest?

The same thing that always happens: These folks will inherit money from their parents, they will work until age 67, and they will collect SS. They are living the dream and will be fine. I doubt it. Most baby boomers will take out reverse mortgages and leave nothing but a pile of bills to their kids
by Nick341981
Tue Dec 13, 2016 11:17 pm
Forum: Investing - Help with Personal Investments
Topic: Pay down mortgage or index invest?
Replies: 12
Views: 1289

Re: Pay down mortgage or index invest?

It all depends on what rate your financed at but let's just say for example you have a fixed rate 30 year mortgage at 3.25% and you are in the 3rd year. Feds are going to raise interest rates this month and more than likely next year too. If the government does as much infrastructure improvement as ...
by Nick341981
Tue Nov 22, 2016 3:06 pm
Forum: Personal Consumer Issues
Topic: Karate/Taekwondo for an 8 year old?
Replies: 35
Views: 2002

Re: Karate/Taekwondo for an 8 year old?

Aside from the benefits mentioned above, one thing I've found useful is learning how to fall down properly (judo classes in college). That skill has saved my butt (actually, my head) several times through the years when I slipped on ice or gravel. +1 - Recommend judo, you will learn discipline, but...
by Nick341981
Thu Nov 17, 2016 10:13 am
Forum: Personal Finance (Not Investing)
Topic: How to retire early (in your 30s or 40s)?
Replies: 173
Views: 23199

Re: How to retire early (in your 30s or 40s)?

If you started taking out 55k 17 years ago and were increasing by 3% for inflation you would be up to 91k. The rest of the country is managing to get by on 55k but you need almost 2x that? I would be more worried about staying closer to the American mean and making my money last, especially for an ...
by Nick341981
Wed Nov 16, 2016 10:39 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio return: very low. Any suggestions
Replies: 36
Views: 3928

Re: Portfolio return: very low. Any suggestions

Most here will strongly disagree but for me personally I have just kept it extremely simple and followed the advice of Warren Buffett who seems to think that a low fee S&P 500 index offers everything you need including diversity and there is nothing to worry about as far as lagging the market. O...
by Nick341981
Wed Nov 16, 2016 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: How to retire early (in your 30s or 40s)?
Replies: 173
Views: 23199

Re: How to retire early (in your 30s or 40s)?

I think inflation and worrying about it is a little over valued. In 1999 the average family took home 57k a year, in 2013 the average family took home 52k. This is over 17 years and even though average income has declined 52k is still pretty good. https://en.m.wikipedia.org/wiki/Household_income_in...
by Nick341981
Wed Nov 16, 2016 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: How to retire early (in your 30s or 40s)?
Replies: 173
Views: 23199

Re: How to retire early (in your 30s or 40s)?

I think inflation and worrying about it is a little over valued. In 1999 the average family took home 57k a year, in 2013 the average family took home 52k. This is over 17 years and even though average income has declined 52k is still pretty good. https://en.m.wikipedia.org/wiki/Household_income_in...
by Nick341981
Wed Nov 16, 2016 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: How to retire early (in your 30s or 40s)?
Replies: 173
Views: 23199

Re: How to retire early (in your 30s or 40s)?

These were the numbers I came up with for a hypothetical person. Let's call him Bob. Bob has just finished college in finance or engineering, and is starting to work. 1. Bob is 22. 2. Bob makes 70k per year 3. Bob's salary grows 4% a year such that by the time he is 40, he is making 141k per year. ...
by Nick341981
Fri Nov 11, 2016 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: How to retire early (in your 30s or 40s)?
Replies: 173
Views: 23199

Re: How to retire early (in your 30s or 40s)?

1. Be a doctor, lawyer, engineer, consultant, financial analyst, accountant. White collar essentially. Hmmmm, do you live in the north? I live in south Texas on the gulf coast. I have an associates degree in process technology that cost me about $6k. I work as a process operator for a major chemica...
by Nick341981
Fri Nov 11, 2016 9:43 am
Forum: Personal Finance (Not Investing)
Topic: How to retire early (in your 30s or 40s)?
Replies: 173
Views: 23199

Re: How to retire early (in your 30s or 40s)?

Its amazing how much this topic has changed in a week. Who knows how to retire this early now. Guess we will have to see how healthcare changes and go from there. It might get way harder if not impossible soon. I'm hoping for the best though. Yeah when medicare gets gutted for future retires we are...
by Nick341981
Fri Nov 11, 2016 8:05 am
Forum: Personal Finance (Not Investing)
Topic: How to retire early (in your 30s or 40s)?
Replies: 173
Views: 23199

Re: How to retire early (in your 30s or 40s)?

Its amazing how much this topic has changed in a week. Who knows how to retire this early now. Guess we will have to see how healthcare changes and go from there. It might get way harder if not impossible soon. I'm hoping for the best though.
by Nick341981
Fri Nov 04, 2016 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: How to retire early (in your 30s or 40s)?
Replies: 173
Views: 23199

Re: How to retire early (in your 30s or 40s)?

Observation: Isn't the money/happiness threshold $80K income (or something like that). Doesn't that mean you need a few millions in the bank if you're going to live off your investments? You should probably subtract taxes, health care, mortgage from that 80k and for most it would come out to around...
by Nick341981
Fri Nov 04, 2016 2:03 am
Forum: Personal Finance (Not Investing)
Topic: How to retire early (in your 30s or 40s)?
Replies: 173
Views: 23199

Re: How to retire early (in your 30s or 40s)?

It just depends on if you have access to a mega back door Roth or are self employed such as a physician. In these two situations that I can think of off the top of my head you could easily be putting back around 50k a year in tax deferred accounts or more. 50k a year over 10 years at a hypothetical...
by Nick341981
Fri Nov 04, 2016 1:29 am
Forum: Personal Finance (Not Investing)
Topic: How to retire early (in your 30s or 40s)?
Replies: 173
Views: 23199

Re: How to retire early (in your 30s or 40s)?

It just depends on if you have access to a mega back door Roth or are self employed such as a physician. In these two situations that I can think of off the top of my head you could easily be putting back around 50k a year in tax deferred accounts or more. 50k a year over 10 years at a hypothetical ...
by Nick341981
Thu Nov 03, 2016 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: How to retire early (in your 30s or 40s)?
Replies: 173
Views: 23199

Re: How to retire early (in your 30s or 40s)?

Max out your 401k, then max out your RothIRA, if you're lucky enough to have a mega back door Roth then max that out too, after that put into a taxable account. I would say have 30x what you live on a year and plan to withdraw 3% a year. So for example if your living expenses are 30k a year you will...
by Nick341981
Mon Oct 31, 2016 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance rates went up
Replies: 155
Views: 14108

Re: Health Insurance rates went up

One theory is that the market will eventually stabilize in a bifurcated state, essentially becoming two distinct markets inside one system. According to this theory, the individual marketplace will consist of two very different types of insurers and two very different types of clients. Low income f...

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