Search found 13445 matches

by Rodc
Mon Jan 16, 2017 8:20 pm
Forum: Investing - Theory, News & General
Topic: Why not put it all in TIPS?
Replies: 85
Views: 4444

Re: Why not put it all in TIPS?

Personally, I would sleep much better at night being 100% dependent on a TIPS ladder than I would being 100% dependent on an annuity. Also, there is absolutely nothing that guarantees that stocks, nominal bonds, commodities, etc. (in any combination) will provide more future purchasing power than a...
by Rodc
Mon Jan 16, 2017 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: What monetary value has your education provided you?
Replies: 94
Views: 4151

Re: What monetary value has your education provided you?

Many Some college dropouts have done extremely well: Steve Jobs, Oprah Winfrey, Bill Gates, and Mark Zuckerberg are a few. There are many stupid PHDs and many brilliant college dropouts. Those guys are an incredibly small fraction of dropouts. They exist, much like winning lottery tickets exists. Y...
by Rodc
Mon Jan 16, 2017 8:08 pm
Forum: Personal Consumer Issues
Topic: Best Ways to Buy Time
Replies: 68
Views: 6897

Re: Best Ways to Buy Time

There are some similarities between prudent financial management and prudent time management. In both areas activities include: 1. Monitor and record how you are spending your money/time. 2. Analyze which spendings or money/time are aligned with your goals, and which ones are not. 3. Decide how you...
by Rodc
Mon Jan 16, 2017 8:06 pm
Forum: Personal Consumer Issues
Topic: Best Ways to Buy Time
Replies: 68
Views: 6897

Re: Best Ways to Buy Time

Make a list of all the things you spend time on that you would rather not be doing. For each item give it a value of 1 to 5 based on how much you dislike the task (5 is you hate it!) For each item give it a cost to mitigate. Divide the hate index by the cost to mitigate (higher hate or lower cost gi...
by Rodc
Mon Jan 16, 2017 7:58 pm
Forum: Investing - Theory, News & General
Topic: Help with Retirement Projection Assumptions
Replies: 20
Views: 1492

Re: Help with Retirement Projection Assumptions

Strongly suggest you not use ONE set of assumptions. Suggest you vary the assumptions to learn which changes make a significant difference in the result and which do not. Then spend some time looking at what happens when things that matter are more pessimistic and more optimistic than assumed in the...
by Rodc
Mon Jan 16, 2017 7:50 pm
Forum: Investing - Theory, News & General
Topic: Why not put it all in TIPS?
Replies: 85
Views: 4444

Re: Why not put it all in TIPS?

If TIPS fail completely we have such huge problems no US investment is likely worth much. Possibly international stocks or bonds will still have value. But betting that CPI will track your personal inflation rate seems more problematic, but perhaps not too horrible if you have some decent margin bui...
by Rodc
Mon Jan 16, 2017 7:29 pm
Forum: Investing - Theory, News & General
Topic: Mathematics of international asset allocation
Replies: 31
Views: 2212

Re: Mathematics of international asset allocation

I think it's hard to get the info needed for the average investor. Where's a chronological weighted average of earnings by index or region, for example. Apply a PE to each country to get a resulting price. Then an average exchange rate to apply to the result. Then a +or- error factor to see an expe...
by Rodc
Mon Jan 16, 2017 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Balancing Retirement, College, and other "wants"
Replies: 20
Views: 909

Re: Balancing Retirement, College, and other "wants"

You are doing fine. You will get at least some of the $65 back when you eventually sell, though likely not all and if you sell 30 years from now maybe not much (but by then you are talking a total per year cost of $2000K). You are at least 10 years from the first flying the coop, and really maybe m...
by Rodc
Mon Jan 16, 2017 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Balancing Retirement, College, and other "wants"
Replies: 20
Views: 909

Re: Balancing Retirement, College, and other "wants"

You are doing fine. You will get at least some of the $65 back when you eventually sell, though likely not all and if you sell 30 years from now maybe not much (but by then you are talking a total per year cost of $2000K). You are at least 10 years from the first flying the coop, and really maybe mo...
by Rodc
Mon Jan 16, 2017 5:50 pm
Forum: Investing - Theory, News & General
Topic: Mathematics of international asset allocation
Replies: 31
Views: 2212

Re: Mathematics of international asset allocation

*3!4!/5! wrote:So there are uncertainties in the model parameters. But so what? You still have to decide what to do.



But you do not need to use models that you know are nonsensical. :)
by Rodc
Mon Jan 16, 2017 5:43 pm
Forum: Personal Consumer Issues
Topic: Collision Avoidance Systems
Replies: 15
Views: 948

Re: Collision Avoidance Systems

Wife stopped for a pedestrian in a crosswalk today.

Guy following behind wished he had a collision avoidance system.

My wife wishes he had one too.
by Rodc
Mon Jan 16, 2017 5:41 pm
Forum: Personal Consumer Issues
Topic: Biting the bullet and getting off the roof.
Replies: 11
Views: 1103

Re: Biting the bullet and getting off the roof.

I think you need to buy a drone w/video to fly up there and see what's going on. If I had gutters up high, I would probably just make a PVC extension to my hose w/nozzle attached and use the drone for before and after. I do have wire mesh "domes" stuffed at the top of the downspout holes ...
by Rodc
Mon Jan 16, 2017 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: What monetary value has your education provided you?
Replies: 94
Views: 4151

Re: What monetary value has your education provided you?

Many Some college dropouts have done extremely well: Steve Jobs, Oprah Winfrey, Bill Gates, and Mark Zuckerberg are a few. There are many stupid PHDs and many brilliant college dropouts. Those guys are an incredibly small fraction of dropouts. They exist, much like winning lottery tickets exists.
by Rodc
Mon Jan 16, 2017 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: What monetary value has your education provided you?
Replies: 94
Views: 4151

Re: What monetary value has your education provided you?

Certainly infinite. For undergrad I had a scholarship to a state uni. For grad school, one can be paid handsomely. It occurs to me that this question would be what we call an ill-posed problem. Denominator is not zero because you likely lost income while in college when you could have been working ...
by Rodc
Mon Jan 16, 2017 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: What monetary value has your education provided you?
Replies: 94
Views: 4151

Re: What monetary value has your education provided you?

So nobody wants to list their education kept them out of the draft? That was an income booster used by the 1% and is still paying a handsome dividend. Draft ended a couple of months before turning 18, so I will not be listing the draft. But that was a mighty important consideration for many in the ...
by Rodc
Mon Jan 16, 2017 4:51 pm
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 104
Views: 9161

Re: "Millennials may need to double how much they save for retirement"

livesoft wrote:I inherited about $50K from my mom and dad combined.


Me too. In fact $8K from Mom $50K from MIL.

To be fair my parents did pay for 3.5 years of my undergrad and took excellent care of me, and did not require any support in old age.
by Rodc
Mon Jan 16, 2017 4:43 pm
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 104
Views: 9161

Re: "Millennials may need to double how much they save for retirement"

It's hard to imagine an equivalent generational market trend that would distribute as much wealth into the pockets of millennials, but I admit it's possible. Maybe millennials will inherit more from their parents than the previous generation? Yes, I think they will, and I think it will become an in...
by Rodc
Mon Jan 16, 2017 4:35 pm
Forum: Investing - Theory, News & General
Topic: Different asset allocations in retirement?
Replies: 3
Views: 396

Re: Different asset allocations in retirement?

Since you can rebalance at will, I don't think it matters from a time horizon standpoint as long as you have enough capacity to keep to whatever allocation you desire for the portfolio as a whole. Do what makes sense from a tax point of view.
by Rodc
Mon Jan 16, 2017 4:31 pm
Forum: Investing - Theory, News & General
Topic: Mathematics of international asset allocation
Replies: 31
Views: 2212

Re: Mathematics of international asset allocation

So the problem with your mathematics is that there's no way to get input data that's trustworthy enough to give you trustworthy output. I think it is actually even worse. While it is true that the mathematics are very sensitive to errors in inputs and past data are noisy at best, saying that really...
by Rodc
Mon Jan 16, 2017 9:52 am
Forum: Investing - Theory, News & General
Topic: Mathematics of international asset allocation
Replies: 31
Views: 2212

Re: Mathematics of international asset allocation

So the problem with your mathematics is that there's no way to get input data that's trustworthy enough to give you trustworthy output. I think it is actually even worse. While it is true that the mathematics are very sensitive to errors in inputs and past data are noisy at best, saying that really...
by Rodc
Mon Jan 16, 2017 9:35 am
Forum: Personal Finance (Not Investing)
Topic: What monetary value has your education provided you?
Replies: 94
Views: 4151

Re: What monetary value has your education provided you?

No way for just about anyone to know. My PhD landed me my job in engineering research (though my degree was not engineering). I might have gotten a job at the some place one starting rung down with a Masters. But after going on 30 years I might have gotten to where I am anyway with only a Masters wi...
by Rodc
Mon Jan 16, 2017 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Should people own 2 cars for themselves?
Replies: 21
Views: 2682

Re: Should people own 2 cars for themselves?

You need to run your own numbers specific to your situation. Asking a bunch of people on the internet making who knows what assumptions will not provide you with the correct answer.
by Rodc
Mon Jan 16, 2017 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Does it sound like my employer trying to push me out?
Replies: 55
Views: 4622

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 Rodc
Mon Jan 16, 2017 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Out of town mechanic botched fix
Replies: 19
Views: 1531

Re: Out of town mechanic botched fix

Since the part failed so quickly, I would assume it was a used part having no warranty. The only time it makes sense to me to install a used part is when a re-manufactured or new part is not available. As others have posted, we need more information................ I had a remanufactured alternator...
by Rodc
Mon Jan 16, 2017 8:56 am
Forum: Personal Consumer Issues
Topic: How much do you typically spend in a restaurant?
Replies: 148
Views: 7425

Re: How much do you typically spend in a restaurant?

Does anybody else look down at a $30 entree in a restaurant and think, "this would've cost $1 at home"? :shock: No. And sometimes it is the reverse. I've paid $5.95 for a salami sub, and when it came--I'm talking about a local sub shop, not Subway--I've started at it and said, "That ...
by Rodc
Sun Jan 15, 2017 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Does it sound like my employer trying to push me out?
Replies: 55
Views: 4622

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

Yes, time to increase the effort in looking for a better position.

Good luck.
by Rodc
Sat Jan 14, 2017 4:01 pm
Forum: Personal Consumer Issues
Topic: Recommendations for home paper shredder
Replies: 50
Views: 1892

Re: Recommendations for home paper shredder

Virtually any shredder is going to work fine for you as you are asking for light duty use. Go to Staples and buy what is on sale.

I would get a cross shredder if you are going to bother.

Or as someone notes, just burn once in a while in the fireplace or BBQ.
by Rodc
Sat Jan 14, 2017 10:22 am
Forum: Personal Finance (Not Investing)
Topic: New vs. Used Car Purchase
Replies: 26
Views: 1723

Re: New vs. Used Car Purchase

mmmodem wrote:Since this is your only vehicle, I wouldn't consider a high mileage car. you can afford something a little more reliable. Option 2.



This will be our 2nd vehicle and right now it would probably only be driven approx 5-10K miles per year.
by Rodc
Sat Jan 14, 2017 8:21 am
Forum: Personal Finance (Not Investing)
Topic: New vs. Used Car Purchase
Replies: 26
Views: 1723

Re: New vs. Used Car Purchase

High mileage is buying more risk than I would take in your shoes as it is not necessary. Between options B and C just figure out which costs less per mile. Say full life of a car is 150,000 miles (sure, a car may go farther, especially if you put serious money into it, but not a good bet because it ...
by Rodc
Sat Jan 14, 2017 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Stay in paid-off starter house vs. dream house+work a few more years
Replies: 51
Views: 3050

Re: Stay in paid-off starter house vs. dream house+work a few more years

Also, have to break the news you may like to travel, but with 2 kids it is not going to happen as they are in school and who is going to take care of them while you are traveling? Boarding school! :) Even without resorting to boarding school for our pre-schooler and elementary-school student, we ha...
by Rodc
Sat Jan 14, 2017 7:23 am
Forum: Investing - Theory, News & General
Topic: Burton Malkiel says "Don't Buy Bonds"
Replies: 48
Views: 8656

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

We also are talking about real (inflation adjusted) rates of return. If you looked at bond returns from 1946-1982, they probably don't look so bad. What is horrible is when you factor in the ravages of inflation. A whole of inflation was going on during that time period. You had rising inflation an...
by Rodc
Sat Jan 14, 2017 7:10 am
Forum: Personal Consumer Issues
Topic: Keeping kitchen knives sharp
Replies: 53
Views: 3703

Re: Keeping kitchen knives sharp

Something like this: http://woodworker.com/small-diamond-conefine-mssu-957-620.asp?search=&searchmode=2 or http://woodworker.com/180-grit-gouge-stone-mssu-823-934.asp?search=&searchmode=2 If you have a drill press you could try gluing 1000 grit paper (autobody shops carry up to 2000) to a s...
by Rodc
Fri Jan 13, 2017 8:53 pm
Forum: Investing - Theory, News & General
Topic: Burton Malkiel says "Don't Buy Bonds"
Replies: 48
Views: 8656

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

We also are talking about real (inflation adjusted) rates of return. If you looked at bond returns from 1946-1982, they probably don't look so bad. What is horrible is when you factor in the ravages of inflation. A whole of inflation was going on during that time period. You had rising inflation an...
by Rodc
Fri Jan 13, 2017 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Stay in paid-off starter house vs. dream house+work a few more years
Replies: 51
Views: 3050

Re: Stay in paid-off starter house vs. dream house+work a few more years

Think about income leveling. Maintaining the same lifestyle in retirement as when working. Sounds like you might be able to bump up your working lifestyle... unless you might want to retire at 50. burt We are 30-something dual-income professionals on our way to early retirement. At the moment, we h...
by Rodc
Fri Jan 13, 2017 7:20 pm
Forum: Investing - Theory, News & General
Topic: Over what time period should stocks NOT lose money
Replies: 50
Views: 3932

Re: Over what time period should stocks NOT lose money

Hello, While there are no certainties, bogleheads clearly believe that over time, staying invested is a prudent investment. Time is your friend. If forced to answer "over what time period will stocks NOT lose money....in real terms, what would you say?". If forced to give an answer on thi...
by Rodc
Fri Jan 13, 2017 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Stay in paid-off starter house vs. dream house+work a few more years
Replies: 51
Views: 3050

Re: Stay in paid-off starter house vs. dream house+work a few more years

staythecourse wrote:
Also, have to break the news you may like to travel, but with 2 kids it is not going to happen as they are in school and who is going to take care of them while you are traveling?



Boarding school! :)
by Rodc
Fri Jan 13, 2017 4:47 pm
Forum: Investing - Theory, News & General
Topic: Do Bogleheads Budget?
Replies: 113
Views: 14139

Re: Re:

A budget is needed by those who want to spend more than they earn. I would change this to "A budget is needed by those who want to make certain they are saving all the money they plan to be" I make well more than I spend; my overall "savings" is likely around 50% of my income, b...
by Rodc
Fri Jan 13, 2017 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Stay in paid-off starter house vs. dream house+work a few more years
Replies: 51
Views: 3050

Re: Stay in paid-off starter house vs. dream house+work a few more years

You are living on $350K a year. Well the taxman takes a good chunk after retirement savings. We don't really "budget" after we hit our monthly savings goal, but I would estimate we live on about $140k/yr. I also take into account that, at some point, both of our life and disability insura...
by Rodc
Fri Jan 13, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Let's say you are dying this year
Replies: 35
Views: 4313

Re: Let's say you are dying this year

They aren't prepared to get rid of any more 'stuff', in fact they just bought a new house as big as the old, and have been trying to pack things up. They got rid of some 60 year old magazines and papers and books but kept a lot. The savings bonds - we do purchase our own annual limit. If they purch...
by Rodc
Fri Jan 13, 2017 3:05 pm
Forum: Personal Consumer Issues
Topic: How much do you typically spend in a restaurant?
Replies: 148
Views: 7425

Re: How much do you typically spend in a restaurant?

We'll usually just exchange plates when half way done. She'll get the rest of the salad and I get the rest of the entree. Yuck. That is so unsanitary. With your spouse? What difference would it make? We frequently will exchange bites via fork if we have different orders and it is not that uncommon ...
by Rodc
Fri Jan 13, 2017 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Stay in paid-off starter house vs. dream house+work a few more years
Replies: 51
Views: 3050

Re: Stay in paid-off starter house vs. dream house+work a few more years

You are living on $350K a year. 25 x $350K = $8,750,000. You want to retire rather young so 25x is likely not enough to maintain your lifestyle. Now at some point the kids leave home and maybe income needs go down, but then you need a good sized pot of money for college in addition so maybe that is ...
by Rodc
Fri Jan 13, 2017 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Let's say you are dying this year
Replies: 35
Views: 4313

Re: Let's say you are dying this year

My first thought was with one year to live they ought to focus on living. But like your father, knowing how I react to things, I would probably find something like this to focus on as well. Rather than focus is squeezing out every penny, how about making sure everything is in place to make this as e...
by Rodc
Fri Jan 13, 2017 2:45 pm
Forum: Personal Consumer Issues
Topic: How much do you typically spend in a restaurant?
Replies: 148
Views: 7425

Re: How much do you typically spend in a restaurant?

squirm wrote:We'll usually just exchange plates when half way done. She'll get the rest of the salad and I get the rest of the entree.


Yuck.

That is so unsanitary.
by Rodc
Fri Jan 13, 2017 11:30 am
Forum: Personal Consumer Issues
Topic: downhill skiing
Replies: 32
Views: 2221

Re: downhill skiing

If lift tickets have you down you can look into the alternatives- ski touring (cheaper) and cat/heli skiing (more expensive). Yes. Years ago in graduate school price got to be too much, and the crowds were no fun either. Was living in Boulder. Picked up used back-country gear and headed into the hi...
by Rodc
Fri Jan 13, 2017 11:21 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 104
Views: 9161

Re: "Millennials may need to double how much they save for retirement"

401ks are also not very attractive because of the high fees. At $5,500 (and $11,000 for a couple) anyone making less than $60k (or $120k for a couple) can use IRAs, and use the 401k only for whatever meager match is offered, and probably wind up over a 15% savings rate. Personally, that is exactly ...
by Rodc
Fri Jan 13, 2017 11:17 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 104
Views: 9161

Re: "Millennials may need to double how much they save for retirement"

The first link seems to be based largely on high current valuations. Millennials should not care a hoot about current valuations since they have little invested now at these valuation and the majority of their new investments will take place in the future. One market crash and valuations will be res...
by Rodc
Fri Jan 13, 2017 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Your Retirement Number, or, calculating the funding ratio
Replies: 178
Views: 17646

Re: Your Retirement Number, or, calculating the funding ratio

Excellent points. Nobody knows what tomorrow will bring, let alone next year. Any predictions what the stock market will do or if we are still alive in 20 years and what are needs would, are a crap shoot. That is why a funding ratio sets up a baseline which in my opinion gives you the most secure i...
by Rodc
Thu Jan 12, 2017 8:43 pm
Forum: Investing - Theory, News & General
Topic: Investing only after a market correction
Replies: 96
Views: 6001

Re: Investing only after a market correction

Someone else follows your idea... his name is William Bernstein. He calls it "overbalancing". You can see a blogger who follows Bernstein's strategy here and includes the quote from Mr. Bernstein: https://thefinancebuff.com/embracing-bear-market.html “Think of it this way: even the most d...
by Rodc
Thu Jan 12, 2017 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: [Redemptions missing from Treasury Direct Account]
Replies: 20
Views: 966

Re: Fraud in Treasury Direct Account

boater07 wrote:I am so embarrassed. Found the money in our matched bank account. I'd forgotten that is how redemptions work.
Checked it and there were the funds :oops:
I'm now ready to check into local mental health as I have no recollection of the transaction.

So sorry for having stirred this up.


:sharebeer
by Rodc
Thu Jan 12, 2017 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 179
Views: 10871

Re: Annual Vacation Budget

For me, it isn't a dollar value, but more an experience value. I'd often rather camp on an uninhabited island than stay in a fancy hotel for 40x the price. Studies have shown that real, lasting happiness is derived from experiences, not "things". The joy of a new car quickly fades, much m...

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