Search found 485 matches

by SQRT
Fri Apr 21, 2017 5:16 am
Forum: Personal Finance (Not Investing)
Topic: Why never speak badly about boss? [Need Bogleheads' wisdom]
Replies: 97
Views: 8299

Re: Why never speak badly about boss? [Need Bogleheads' wisdom]

Many companies have 360 assessment tools that allow anonymous feedback to go to your boss. This is the best way to do it.

Otherwise it seems pretty obvious why "badmouthing" the boss is not smart. Now, if there is abuse involved or illegal behaviour, different story.
by SQRT
Mon Apr 17, 2017 11:17 am
Forum: Personal Consumer Issues
Topic: how much is reasonable amount to spend [on gymnastics]
Replies: 42
Views: 3000

Re: how much is reasonable amount to spend [on gymnastics]

We made sure my daughter had a taste of virtually everything. Ice skating, ballet, piano, lots more I forgot about. No regrets.
by SQRT
Mon Apr 17, 2017 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Is spending 15K to furnish home too much?
Replies: 39
Views: 4178

Re: Is spending 15K to furnish home too much?

We have furnished 2 homes from scratch since retiring 10 years ago. In each case we spent about 12-15% of the purchase price.
by SQRT
Mon Apr 17, 2017 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Help me decide pension benefits, single life, 50%, 75% and/or 100% survival benefits
Replies: 41
Views: 2464

Re: Help me decide pension benefits, single life, 50%, 75% and/or 100% survival benefits

we had this very decision about 10 years ago. For us it was a no-brainer. 100% option. We didn't even consider the other options. For us it had nothing to do with the math. We did a risk assessment. You can calculate all the longevity estimates you can imagine, but one outlier event, one accident, ...
by SQRT
Sat Apr 15, 2017 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: What constitutes "a lot" of money?
Replies: 80
Views: 10253

Re: What constitutes "a lot" of money?

. What is the point of accumulating wealth just to let it sit in a pile so you can oogle it? If they aren't going to use it, perhaps they should work more actively to give it away like Gates and Buffet. This would be my view as well. I don't really understand money hoarders. Reminds me a bit of ano...
by SQRT
Sat Apr 15, 2017 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: What constitutes "a lot" of money?
Replies: 80
Views: 10253

Re: What constitutes "a lot" of money?

. What is the point of accumulating wealth just to let it sit in a pile so you can oogle it? If they aren't going to use it, perhaps they should work more actively to give it away like Gates and Buffet. This would be my view as well. I don't really understand money hoarders. Reminds me a bit of ano...
by SQRT
Sat Apr 15, 2017 7:45 am
Forum: Personal Finance (Not Investing)
Topic: What constitutes "a lot" of money?
Replies: 80
Views: 10253

Re: What constitutes "a lot" of money?

. What is the point of accumulating wealth just to let it sit in a pile so you can oogle it? If they aren't going to use it, perhaps they should work more actively to give it away like Gates and Buffet. This would be my view as well. I don't really understand money hoarders. Reminds me a bit of ano...
by SQRT
Sat Apr 15, 2017 7:38 am
Forum: Personal Finance (Not Investing)
Topic: What constitutes "a lot" of money?
Replies: 80
Views: 10253

Re: What constitutes "a lot" of money?

RAchip wrote:
SQRT wrote:My portfolio can fluctuate by high 6 figures daily, but I don't worry about it.



Umm, your portfolio can fluctuate by $900,000 per day (high 6 figures)? So you have what, a $90 million portfolio?
.

My portfolio can fluctuate by more than 1% per day.
by SQRT
Fri Apr 14, 2017 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Carrying a mortgage into retirement
Replies: 39
Views: 4423

Re: Carrying a mortgage into retirement

Personal decision based on your risk aversion, etc. I would not carry a mortgage as long as I was comfortable with my liquidity risk, ie have enough access to cash or near cash for any emergency.
by SQRT
Fri Apr 14, 2017 8:41 am
Forum: Personal Finance (Not Investing)
Topic: What constitutes "a lot" of money?
Replies: 80
Views: 10253

Re: What constitutes "a lot" of money?

Depends on many factors, such as your wealth, income, your stage in life and the specific item. Obviously the wealthier you are the more comfortable you will be spending large amounts. This comfort level will change as you get wealthier but will often lag. I went from 0 to 60 financially, so to spea...
by SQRT
Sat Apr 01, 2017 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Retired 5 to 10 years? How has this bull changed your spending?
Replies: 13
Views: 1407

Re: Retired 5 to 10 years? How has this bull changed your spending?

Retired 10 years. Generally just pensions and divs up to thIs point. Portfolio up almost 100% so have recently started liquidating small amounts of stock. Maybe .5-1% on top of divs. Current market yield about 3.6%. This will raise my spending/giving by about 10% in total. Shouldn't have any difficu...
by SQRT
Thu Mar 30, 2017 2:28 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting vs Tracking Expenses?
Replies: 42
Views: 3329

Re: Budgeting vs Tracking Expenses?

I've been tracking expenses for decades. I call it a " budget"but as in the OP it doesn't really restrict my spending much, ie I generally spend what I want and this results in being "over budget" most years. More of a guideline than a budget. I think I was only "under budge...
by SQRT
Tue Mar 21, 2017 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 194
Views: 21419

Re: Gross Yearly Income needed in Retirement (Speculation)

I retired 10 years ago with a projected income in retirement well in excess of what I was spending prior to retirement. While most people decide how much they need then retire once this is secured, others just save as much as they can then adjust (up or down) their spending in retirement to match th...
by SQRT
Tue Mar 21, 2017 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Buying a second home in Florida- mortgage or purchase
Replies: 15
Views: 1282

Re: Buying a second home in Florida- mortgage or purchase

bloom2708 wrote:Pay cash.

Enjoy your retirement without the hassle of a mortgage payment.

Congrats on retiring!

Agree. Also, paying cash makes you think pretty hard about whether you really want it and will use it.
by SQRT
Wed Mar 15, 2017 11:42 am
Forum: Personal Consumer Issues
Topic: $464.12 dinner bill last night. No regrets.
Replies: 78
Views: 9984

Re: $464.12 dinner bill last night. No regrets.

Yes, amazing story and thanks for sharing. We have helped a number of our nieces/nephews in a similar way. Not to mention our own daughter. I can't think of a better way to use one's funds. You are very lucky to have such family. Hopefully one day you can "pass it forward". I always say re...
by SQRT
Tue Mar 14, 2017 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Scottsdale Real Estate Market
Replies: 9
Views: 1282

Re: Scottsdale Real Estate Market

I have lived in Scottsdale for 11 years . The price range of home you are looking at has stalled a bit recently , but I wouldn't be worried about a home losing value in a growing market . Phoenix and Scottsdale continue to grow and now would be a great time to get a deal . Interest rates will conti...
by SQRT
Mon Mar 13, 2017 9:14 am
Forum: Personal Finance (Not Investing)
Topic: How to get out of a concentrated stock option position?
Replies: 21
Views: 1660

Re: How to get out of a concentrated stock option position?

What type of company is it. Stable? High tech? Well established? Small cap? I also had significant option/DSU/RSU positions. Generally I held them as long as I could and it worked out very well. But my employer was a very large well established, very successful company. Would probably cash them out ...
by SQRT
Mon Mar 13, 2017 8:12 am
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 176
Views: 15270

Re: Emergency Funds: YMMV

The opportunity cost of keeping several months of expenses in a low-yielding savings account makes little sense, other than "peace of mind", once you hit a certain level of wealth. I get the impression that most on this board have surpassed that threshold. Probably. My point is simply tha...
by SQRT
Sun Mar 12, 2017 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 176
Views: 15270

Re: Emergency Funds: YMMV

I think folks decrying credit as a source of emergency funding are missing one key issue: overall funds availability. A poster put it well up the thread a bit: At a certain level of wealth, emergency funds become a cashflow management issue, not a sufficiency-of-funds issue. And that's maybe a conc...
by SQRT
Sat Mar 11, 2017 9:59 am
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 176
Views: 15270

Re: How Much in Your Emergency Fund And Is It Used?

Our sources of liquidity include: cash(about 6-12 months of expenses net of pensions), credit cards (around $200k in total limits), margin loans available( mid 7 figures). The only cost of this liquidity relates to the cash balances. I view the cash balances more as operating cash, ie available to s...
by SQRT
Sat Mar 11, 2017 2:08 am
Forum: Personal Finance (Not Investing)
Topic: Financial Independence: How many years of living expenses saved?
Replies: 23
Views: 3600

Re: Financial Independence: How many years of living expenses saved?

Also, many people set their spending in retirement to match what they think a SWR might be. Thus amount required to be saved is somewhat iterative.
by SQRT
Fri Mar 10, 2017 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Total Annual Expenses
Replies: 57
Views: 4082

Re: Total Annual Expenses

I view income taxes as an offset to income, ie they are a direct cost of earning the money. It's generally not something you can avoid or chose to spend. Many here would disagree with you on this. I would be one of them. I would agree that not everyone has the same ability to control how much tax t...
by SQRT
Fri Mar 10, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Total Annual Expenses
Replies: 57
Views: 4082

Re: Total Annual Expenses

Maybe someone can post their rationale explaining why they don't count taxes. YB I view income taxes as an offset to income, ie they are a direct cost of earning the money. It's generally not something you can avoid or chose to spend. Thus, I view my spending as an allocation of after tax income. O...
by SQRT
Fri Mar 10, 2017 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Total Annual Expenses
Replies: 57
Views: 4082

Re: Total Annual Expenses

Fail to see how this would be of use to anyone? I spend my pension and dividends. A fair bit more than $30k. Why not ask for net worth while you're at it? A poll would work better?
by SQRT
Mon Mar 06, 2017 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you spend on food in a year?
Replies: 155
Views: 7381

Re: How much do you spend on food in a year?

Actually, I apologize. The eating out budget was. $40k I got confused with the "cash" expense budget that includes our food/liquor which is $60k. Food/liquor might be a little more than the $20k I mentioned and good portion of that would be alcohol, we don't track food/liquor separately. ...
by SQRT
Mon Mar 06, 2017 11:41 am
Forum: Personal Finance (Not Investing)
Topic: How much do you spend on food in a year?
Replies: 155
Views: 7381

Re: How much do you spend on food in a year?

Eating out budget is $60,000 per year and purchased food/liquor about $20,000. We often pay for family and friends when eating out and entertain at home fairly often. No judgemental responses please. Enjoying ourselves. What is a typical dinner cooked at home for you and how much of the 20k is alco...
by SQRT
Mon Mar 06, 2017 10:47 am
Forum: Personal Finance (Not Investing)
Topic: How much do you spend on food in a year?
Replies: 155
Views: 7381

Re: How much do you spend on food in a year?

Eating out budget is $60,000 per year and purchased food/liquor about $20,000. We often pay for family and friends when eating out and entertain at home fairly often. No judgemental responses please. Enjoying ourselves.
by SQRT
Thu Mar 02, 2017 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: What Car Should I Buy My Daughter as a Graduation Present
Replies: 81
Views: 5107

Re: What Car Should I Buy My Daughter as a Graduation Present

We bought my daughter a new car for her 20th birthday present when she was in second year university. We felt she needed reliable transportation. Surprised her with it. She burst into tears. Was great. Got a 4 door sedan with AWD and snow tires. Never regretted it.
by SQRT
Wed Mar 01, 2017 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Second home or not ready
Replies: 56
Views: 4428

Re: Second home or not ready

Buying a second personal use property is really a lifestyle decision and you haven't given us enough information about your lifestyle and how you would use the property. We have multiple homes but they were all purchased without using mortgages. Seems to me that buying a second house with cash real...
by SQRT
Tue Feb 28, 2017 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Second home or not ready
Replies: 56
Views: 4428

Re: Second home or not ready

Certainly a good idea to rent before you buy. Second homes can be a very enjoyable lifestyle. Your clothes in the closet, your car in the garage, decorated your way, putting down roots and making new friends. Total flexibility as to when you visit. Inviting friends and family to join you or lending ...
by SQRT
Tue Feb 28, 2017 3:32 am
Forum: Personal Finance (Not Investing)
Topic: Second home or not ready
Replies: 56
Views: 4428

Re: Second home or not ready

Buying a second personal use property is really a lifestyle decision and you haven't given us enough information about your lifestyle and how you would use the property. We have multiple homes but they were all purchased without using mortgages. Seems to me that buying a second house with cash reall...
by SQRT
Wed Feb 15, 2017 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Bogleheads not the norm?
Replies: 116
Views: 10722

Re: Bogleheads not the norm?

I dunno, if you splurge on more than 2 or 3 of those things I think there's a secret meeting where the Boglehead council discusses revoking your membership or at the very least putting you on probation until you repent and bump your savings rate by couple of percentage points... Yes, these special ...
by SQRT
Mon Feb 06, 2017 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 24627

Re: Annual Vacation Budget

What makes a 4*/5* hotel worth it to you? This is a good question and the answers will be very personal. For us it's a combination of size of suite, quality of furnishings, service levels, location, amenities like spa's, etc. There will also be the effect of what your means is, ie a given dollar am...
by SQRT
Fri Feb 03, 2017 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 24627

Re: Annual Vacation Budget

Last year, for my trip to Asia, my first class airfare alone was worth 12k per person (2 of us) and the hotels for 3 weeks totaled about 10k If you didn't have the points would you have paid $12k per person for the first class tickets and an average of ~$475/night for those hotel rooms? If not, at ...
by SQRT
Fri Feb 03, 2017 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 24627

Re: Annual Vacation Budget

Last year, for my trip to Asia, my first class airfare alone was worth 12k per person (2 of us) and the hotels for 3 weeks totaled about 10k If you didn't have the points would you have paid $12k per person for the first class tickets and an average of ~$475/night for those hotel rooms? If not, at ...
by SQRT
Wed Feb 01, 2017 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 24627

Re: Annual Vacation Budget

It shouldn't be a big mystery to people why other people may spend more. Agree, if always surprises me that so many people are "surprised" when they learn others spend a lot more than them. Many people are quite wealthy in the US and not surprisingly often spend a fair bit. We are plannin...
by SQRT
Fri Jan 27, 2017 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 24627

Re: Annual Vacation Budget

It shouldn't be a big mystery to people why other people may spend more. Agree, if always surprises me that so many people are "surprised" when they learn others spend a lot more than them. Many people are quite wealthy in the US and not surprisingly often spend a fair bit. We are plannin...
by SQRT
Fri Jan 20, 2017 9:28 am
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 331
Views: 56241

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

Maybe we should develop a theory of "Stealth Intelligence"? Don't want to show those smarts off. Others might resent it. Ie always use short words, don't tell anyone about your advance degrees, etc. :D
by SQRT
Thu Jan 19, 2017 12:11 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 331
Views: 56241

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

Stealth Wealth to me is going to Hawaii last week and not posting a single photo or mention of it on Facebook and only telling those that need to know. I realize that's the same as the simple concept of not showing off but it gets to a point that we travel a lot and travel to a lot of nice places. ...
by SQRT
Thu Jan 19, 2017 9:08 am
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 331
Views: 56241

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

Stealth Wealth to me is going to Hawaii last week and not posting a single photo or mention of it on Facebook and only telling those that need to know. I realize that's the same as the simple concept of not showing off but it gets to a point that we travel a lot and travel to a lot of nice places. ...
by SQRT
Wed Jan 18, 2017 10:01 am
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 224
Views: 18742

Re: How Bad was 2008, really?

For me it was very bad. Retired in late 2006. Had large uncashed employee option position (big Canadian Bank) outstanding when the crises hit. Bought an expensive vacation property in 2007. My investable assets dropped by about 80% including the options which at one point were all underwater. Actual...
by SQRT
Wed Jan 18, 2017 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 24627

Re: Annual Vacation Budget

Well, you know how it goes: Anyone who spends more than I do is a crazy spendthrift with a poor grasp of priorities. Anyone who spends less than I do is an uptight miser who needs therapy to learn to enjoy life. :) That does seem to capture much of the discussion here :) I think most if not all bog...
by SQRT
Wed Jan 18, 2017 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 24627

Re: Annual Vacation Budget

This is my ideal retirement... Airbnb an apartment for a month or 2 (or more) at a time in cities all around the world. Before retirement, I thought this would be our template as well. The reality didn't pan out this way as we didn't want to be away from family and friends for long periods. Still a...
by SQRT
Wed Jan 18, 2017 9:02 am
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 331
Views: 56241

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 SQRT
Mon Jan 16, 2017 2:14 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 331
Views: 56241

Re: An easy choice

I live a comfortable lifestyle so I can do what I want with my savings: I can spend it on unneeded and expensive luxuries for myself -- or give the money (now) to my heirs and charity. It's an easy choice. Best wishes. Taylor Taylor. With all due respect I think it would be an easy choice for me as...
by SQRT
Mon Jan 16, 2017 12:41 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 331
Views: 56241

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

Congrats to the OP, you caught me! I have infinite needs and insecurities. All the curated lifestyle advice and ads you see everywhere - they're all for me. I've got the basics covered: I drive an expensive car just to impress people. I fly business or first class everywhere just to impress people....
by SQRT
Mon Jan 16, 2017 10:32 am
Forum: Investing - Theory, News & General
Topic: Retired, expenses covered but still growing portfolio, why?
Replies: 46
Views: 4736

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

Our portfolio has almost doubled since retirement 10 years ago at age 56. Since then have generally just withdrawn dividends. Pension covers the majority of our fixed costs but we spend up to the total of pension and divs. This is a fairly large sum and affords a very nice lifestyle. So the question...
by SQRT
Wed Jan 11, 2017 3:14 am
Forum: Personal Consumer Issues
Topic: How to dress for winter vacation in Alberta
Replies: 45
Views: 2548

Re: How to dress for winter vacation in Alberta

Agree what others gave said about layers. If you need to get this stuff, there is an excellent store in the Lake Louise shopping mall called Wilsons. They have really good under and outer wear. Also, make sure you have dinner at the Post Hotel.
by SQRT
Tue Jan 10, 2017 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Do you really need 2.5 million to retire well?
Replies: 267
Views: 48916

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

It's simply all about your lifestyle and what you spend and want to continue spending. For us $2.5m is not really close. For others they wouldn't know what to do with all the surplus. To each his own. Absolutely true. Depends on your desired lifestyle and lifestyle choices are all over the map. The...
by SQRT
Tue Jan 10, 2017 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 24627

Re: Annual Vacation Budget

I don't think you need to have won the game already to spend a significant amount money on it. I think 'On the way to winning' is more than sufficient. If you're on track with your desired plan and desired retirement age why not spend the money on something you like? Lots of stories out there about...

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