Search found 94 matches

by Nick341981
Mon Apr 03, 2017 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Got my second comma -- what is this anticlimactic feeling?
Replies: 55
Views: 6721

Re: Got my second comma -- what is this anticlimactic feeling?

It is because 1 million isn't enough to retire. Knowing nothing about you, you probably need to hit 2-3 million to be financially independant and able to live your current lifestyle I know of more than one couple without kids and several single guys who retired on less than a million. Not having ki...
by Nick341981
Thu Mar 30, 2017 10:46 am
Forum: Personal Consumer Issues
Topic: House buying- How to think about property taxes?
Replies: 39
Views: 3319

Re: House buying- How to think about property taxes?

The best way to think about it is the state of New Jersey is telling you that you are not allowed to own property, just rent it. Pay off your house and then miss one tax bill, you will find out real quick who owns that house. :wink:
by Nick341981
Wed Mar 22, 2017 1:36 am
Forum: Investing - Theory, News & General
Topic: WSJ: S&P 500′s Rally Is Falling Behind the World
Replies: 15
Views: 3286

Re: WSJ: S&P 500′s Rally Is Falling Behind the World

asif408 wrote: History tells us that these bouts of outperformance between US & foreign come and go. The US has had a good run.


Too bad nobody told Japan about this :oops:
by Nick341981
Sun Mar 19, 2017 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 101
Views: 11006

Re: Early Retirement - what to do about healthcare?

I'm stumped at how anyone retires early unless they have 3 or 4 million in the bank. Mr. Money Mustashe Rootofgood Wherewebe That's 3 different examples of people who did it with less than a million and the first 2 examples have kid/kids. I don't know any of them personally of course but if they ar...
by Nick341981
Wed Mar 15, 2017 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 101
Views: 11006

Re: Early Retirement - what to do about healthcare?

The blogger at Root of Good is an Early Retiree who discusses his family's healthcare costs in great detail. Here is a recent post: http://rootofgood.com/december-2016-financial-update/ Basically, they control their income to be just over the poverty line for maximum ACA subsidies so they pay very ...
by Nick341981
Wed Mar 15, 2017 9:24 pm
Forum: Investing - Theory, News & General
Topic: "Buffett's Bet"
Replies: 18
Views: 2486

Re: "Buffett's Bet"

I'm still shocked he could win with nothing but a S&P 500 index fund! After being on the bogleheads forum for a while I figured he would have need at least a third of his portfolio in international and then slice and dice in emerging markets, reits, precious metals, etc. He did it with just a S&...
by Nick341981
Wed Mar 15, 2017 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 101
Views: 11006

Re: Early Retirement - what to do about healthcare?

Play it safe, keep working and see how things pan out in a year, especially if you have kids.
by Nick341981
Wed Mar 15, 2017 8:56 am
Forum: Personal Consumer Issues
Topic: Cost of Dental Implant
Replies: 63
Views: 5212

Re: Cost of Dental Implant

Reading this thread just inspired me to go brush and floss :D
by Nick341981
Sat Mar 11, 2017 7:08 pm
Forum: Investing - Theory, News & General
Topic: Buffett’s bets: how dumb are hedge fund managers?
Replies: 50
Views: 4586

Re: Buffett’s bets: how dumb are hedge fund managers?

... I agree, the only question now would be what should we call people who choose to follow the advice of Jack Bogle and Warren Buffett as far as being U.S. Index investors and bond indexs allocated appropriately of course? Buffettheads perhaps? :D Invest with simplicity. ... The authority is not t...
by Nick341981
Sat Mar 11, 2017 4:59 pm
Forum: Investing - Theory, News & General
Topic: Buffett’s bets: how dumb are hedge fund managers?
Replies: 50
Views: 4586

Re: Buffett’s bets: how dumb are hedge fund managers?

I'm amazed Warren could pull off such an impressive feat without a well diversified portfolio of international, emerging markets, bonds, etc. Just a simple S&P 500 index fund. :mrgreen: I'm amazed Warren could pull off such an impressive feat without a well diversified portfolio of internationa...
by Nick341981
Sat Mar 11, 2017 12:38 am
Forum: Investing - Theory, News & General
Topic: Buffett’s bets: how dumb are hedge fund managers?
Replies: 50
Views: 4586

Re: Buffett’s bets: how dumb are hedge fund managers?

I'm amazed Warren could pull off such an impressive feat without a well diversified portfolio of international, emerging markets, bonds, etc. Just a simple S&P 500 index fund. :mrgreen: +1 I guess Jack was on to something when he says all you need are two funds, the Total Stock Market Index and...
by Nick341981
Thu Mar 09, 2017 10:28 pm
Forum: Investing - Theory, News & General
Topic: Buffett’s bets: how dumb are hedge fund managers?
Replies: 50
Views: 4586

Re: Buffett’s bets: how dumb are hedge fund managers?

A hedge fund manager's job is to produce positive absolute return uncorrelated with market beta. I'm with the posters above who say that it is irrelevant whether they outperform the S&P 500. Their performance isn't benchmarked against the S&P 500. The main question is whether they can incre...
by Nick341981
Thu Mar 09, 2017 10:21 pm
Forum: Investing - Help with Personal Investments
Topic: Need 3% from $657K annually. What AA is best?
Replies: 21
Views: 3490

Re: Need 3% from $657K annually. What AA is best?

aqan wrote:If you are going to be content with 3%, I'd go with Andrews FCU 84 month CD. The APY is exactly 3% and there's no market risk to your capital with 250K insurance per individual.



Beside the obvious risk of inflation eating away at your principal over 84 long months.
by Nick341981
Wed Mar 08, 2017 3:05 pm
Forum: Investing - Theory, News & General
Topic: Buffett’s bets: how dumb are hedge fund managers?
Replies: 50
Views: 4586

Re: Buffett’s bets: how dumb are hedge fund managers?

I'm amazed Warren could pull off such an impressive feat without a well diversified portfolio of international, emerging markets, bonds, etc. Just a simple S&P 500 index fund. :mrgreen: He made the bet around the time during the crash of 2008-2009 when the S&P was bottoming out. Kind of iro...
by Nick341981
Wed Mar 08, 2017 12:47 pm
Forum: Investing - Theory, News & General
Topic: Buffett’s bets: how dumb are hedge fund managers?
Replies: 50
Views: 4586

Re: Buffett’s bets: how dumb are hedge fund managers?

I'm amazed Warren could pull off such an impressive feat without a well diversified portfolio of international, emerging markets, bonds, etc. Just a simple S&P 500 index fund. :mrgreen:
by Nick341981
Mon Mar 06, 2017 10:11 pm
Forum: Investing - Theory, News & General
Topic: Interesting interview with the head guy from Betterment
Replies: 19
Views: 2349

Re: Interesting interview with the head guy from Betterment

Long-time OnTheMoney viewer. I've never seen a host be so rude to a guest on that particular show, and instigate an attack like that. Now someone who's not a routine viewer might have thought that was normal for that show, so maybe if you're used to CNN/Fox News/interviews etc. you might think it w...
by Nick341981
Mon Mar 06, 2017 5:04 pm
Forum: Investing - Theory, News & General
Topic: Interesting interview with the head guy from Betterment
Replies: 19
Views: 2349

Interesting interview with the head guy from Betterment

This guy did a pretty poor job of selling the robo-advisor and seems to think he can beat the S&P500 but when asked for proof doesn't want to provide numbers other than to say his company can consistently beat the S&P 500 by 1 to 2%. Doesn't seem like the kind of guy I would trust my money w...
by Nick341981
Wed Mar 01, 2017 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: New YouTube TV Service $35 per month
Replies: 43
Views: 4707

Re: New YouTube TV Service $35 per month

I hate cord cutters. How do you think the networks pay for the shows they make? By charging the cable companies a fee to carry their channels. This is literally a "cut off your nose to spite your face" situation. A la cart doesn't work either. You may not watch channel XYZ but I do. Just ...
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: 1049

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: 9831

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: 96
Views: 7927

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: 9831

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: 271
Views: 42894

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: 342
Views: 23285

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: 1369

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: 4074

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: 4074

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: 4074

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: 4898

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: 5747

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: 9695

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: 2526

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: 2526

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: 2526

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: 2526

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: 3264

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: 18935

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: 18935

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: 18935

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: 18935

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: 18935

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: 18935

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: 18935

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: 3323

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: 18935

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: 4786

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: 4786

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: 4786

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...

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