Search found 3762 matches

by TheTimeLord
Fri Apr 28, 2017 8:32 pm
Forum: Investing - Help with Personal Investments
Topic: Time to reach 1M and 2M milestones
Replies: 99
Views: 22785

Re: Time to reach 1M and 2M milestones

My point of view is that the hard part is done once you have reached a point where portfolio growth typically outpaces your contributions. That's why I consider 500K to be the most significant milestone. What percentage of your investable assets would your annual contributions have to be for you to...
by TheTimeLord
Fri Apr 28, 2017 8:15 pm
Forum: Investing - Help with Personal Investments
Topic: Time to reach 1M and 2M milestones
Replies: 99
Views: 22785

Re: Time to reach 1M and 2M milestones

To go from $0 to $1M, one needs an infinite gain. To go from $100K to $1M, one one needs a 9X gain. To go from $1M to $2M, one needs a 1X gain. To go from $2M to $3M, one needs a 0.5X gain. In reality, once people hit a certain level of wealth they don't compound at the same rates they have in the ...
by TheTimeLord
Fri Apr 28, 2017 8:09 pm
Forum: Investing - Help with Personal Investments
Topic: Does Portfolio Size Influence Stock/Bond Allocation?
Replies: 33
Views: 2825

Re: Does Portfolio Size Influence Stock/Bond Allocation?

From my perspective yes because I prefer to measure risk in actual dollar terms now that I have exceeded my number. So I guess once you get close to or have won the game it can. But since you are in the land of excess funds at that point you have a choice to go more conservative or more aggressive.
by TheTimeLord
Fri Apr 28, 2017 10:24 am
Forum: Investing - Help with Personal Investments
Topic: W2 employee - solo 401K?
Replies: 6
Views: 405

Re: W2 employee - solo 401K?

In the conversation during negotiations for a potential new job the hiring manager said they have no 401K, but "open your own 401K" as if that's an option. My understanding is a solo 401K was only for business owners (self-employed). Is that wrong? It's a CDL driving job. They probably me...
by TheTimeLord
Thu Apr 27, 2017 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 169
Views: 18083

Re: Any regrets living a frugal life for high income/high networth individuals?

Our combined income puts us in the top 1%. Our net worth is 7 figures without home equity. We don't feel we are missing anything at all. Both drive reliable, reasonably priced cars; live in a reasonably priced home. Our time is spent with family and our activities are typically very low cost (picni...
by TheTimeLord
Thu Apr 27, 2017 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 169
Views: 18083

Re: Any regrets living a frugal life for high income/high networth individuals?

... "The best things in life are free. The 2nd best things in life are really expensive" ... Never seen that [Coco Chanel] quote before. Nice! Money can't buy happiness, but it can make you awfully comfortable while you're being miserable. ~ Clare Boothe Luce Money doesn't buy happiness. ...
by TheTimeLord
Thu Apr 27, 2017 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 169
Views: 18083

Re: Any regrets living a frugal life for high income/high networth individuals?

Our combined income puts us in the top 1%. Our net worth is 7 figures without home equity. We don't feel we are missing anything at all. Both drive reliable, reasonably priced cars; live in a reasonably priced home. Our time is spent with family and our activities are typically very low cost (picni...
by TheTimeLord
Thu Apr 27, 2017 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 169
Views: 18083

Re: Any regrets living a frugal life for high income/high networth individuals?

We value experiences (hiking machu pichu, trekking in nepal, walking on the great wall, etc.) over stuff. We continue to accumulate shared experiences, but have fairly modest possessions. Never felt like we missed out on anything by not spending more of our income on accumulating stuff. This is alw...
by TheTimeLord
Thu Apr 27, 2017 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 169
Views: 18083

Re: Any regrets living a frugal life for high income/high networth individuals?

... Could be, although my point was I would share the money for experiences with the important people in my life instead of tucking it away until I had enough to retire. As far as requiring money, never considered diving an inexpensive activity or one that didn't require dinero. Some dive in local ...
by TheTimeLord
Wed Apr 26, 2017 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 169
Views: 18083

Re: Any regrets living a frugal life for high income/high networth individuals?

Why do you to wait until retirement to spend time with the important people in your life? Nailed it! How did you know that as a matter of principle, I refuse to spend time with the important people in my life until I retire? :oops: Perhaps I just have a simpler definition of what it means to spend ...
by TheTimeLord
Wed Apr 26, 2017 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 169
Views: 18083

Re: Any regrets living a frugal life for high income/high networth individuals?

If I'm going to splurge, I would splurge on early retirement. There is absolutely nothing material that I need which I do not already have and if I was given a million dollars tomorrow, I would just save it so I could by my early retirement sooner. I would much rather spend $$ to buy me time with m...
by TheTimeLord
Tue Apr 25, 2017 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Shouldn't one's "number" be indexed to the current PE ratio?
Replies: 20
Views: 1388

Re: Shouldn't one's "number" be indexed to the current PE ratio?

No, the market is not a mechanical backward looking pricing machine.
by TheTimeLord
Mon Apr 24, 2017 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 169
Views: 18083

Re: Any regrets living a frugal life for high income/high networth individuals?

Why would anyone regret having freedom at earlier age? Frugal = more money in the bank therefore more freedom to choose to work or not. It is only more freedom if you are psychologically prepared to spend the money. If you were frugal it would seem that spending your savings would be stressful not ...
by TheTimeLord
Mon Apr 24, 2017 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 169
Views: 18083

Re: Any regrets living a frugal life for high income/high networth individuals?

Sorry, but I'm going to have to disagree with you here. If I have enough money to support myself for life without working, then by definition I am self-supporting. Working for the sake of working is a waste. Earning money just to have more money is a waste. For the overwhelming majority of people i...
by TheTimeLord
Mon Apr 24, 2017 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 169
Views: 18083

Re: Any regrets living a frugal life for high income/high networth individuals?

Of course all those who died young (and presumably regret having been overly frugal) are unable to post... Interesting thing about that. It's not just death that could cause regrets. You could end up constrained in other ways and live to regret it. In my case, I acquired a chronic health condition ...
by TheTimeLord
Sun Apr 23, 2017 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 169
Views: 18083

Re: Any regrets living a frugal life for high income/high networth individuals?

No regrets at all... Living frugal is not only good for you financially but it is good for the soul. After a while you realize all the "stuff" is just crap anyway. A good family, good children, great life experiences beat cars and boats anyway. Also, it is so liberating to know you are no...
by TheTimeLord
Sat Apr 22, 2017 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank - Savings Account Rate Increased!
Replies: 70
Views: 7899

Re: Ally Bank - Savings Account Rate Increased!

Interesting most seem to think this is meaningless but if expenses on on mutual fund or ETF was cut by the same there would be a parade in the forum. I'm guessing this board has a lot more money in mutual funds and ETF's than bank savings accounts. Not really the point. It's precisely the point. Pe...
by TheTimeLord
Sat Apr 22, 2017 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank - Savings Account Rate Increased!
Replies: 70
Views: 7899

Re: Ally Bank - Savings Account Rate Increased!

Hodor wrote:
TheTimeLord wrote:Interesting most seem to think this is meaningless but if expenses on on mutual fund or ETF was cut by the same there would be a parade in the forum.


I'm guessing this board has a lot more money in mutual funds and ETF's than bank savings accounts.


Not really the point.
by TheTimeLord
Sat Apr 22, 2017 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank - Savings Account Rate Increased!
Replies: 70
Views: 7899

Re: Ally Bank - Savings Account Rate Increased!

Interesting most seem to think this is meaningless but if expenses on on mutual fund or ETF was cut by the same there would be a parade in the forum.
by TheTimeLord
Sat Apr 22, 2017 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank - Savings Account Rate Increased!
Replies: 70
Views: 7899

Re: Ally Bank - Savings Account Rate Increased!

Check your local credit unions. My bank, Star One Credit Union offers 1.1% in the standard savings account. I left my credit union because it was only paying .25% and still is currently. Other local credit unions are similar. Not even close to Ally. My credit union's rates are pathetic and requires...
by TheTimeLord
Sat Apr 22, 2017 10:17 am
Forum: Personal Finance (Not Investing)
Topic: IRS refund today!
Replies: 43
Views: 3351

Re: IRS refund today!

Good point, never thought about that. But by then does it much matter? Of course, I enjoy getting a mu refund check even though it is just money I over paid it is always fun to get a decent size check or more accurately electronic deposit. Fine, but if you are due a refund and your SSN gets hijacke...
by TheTimeLord
Sat Apr 22, 2017 10:00 am
Forum: Personal Finance (Not Investing)
Topic: IRS refund today!
Replies: 43
Views: 3351

Re: IRS refund today!

I think a lot of people here don't really have that option because they are paying 110% of the previous years taxes in estimate taxes. But by late December you should pretty much know what your income is. Simply adjust the 4th quarterly payment down if necessary. Good point, never thought about tha...
by TheTimeLord
Sat Apr 22, 2017 8:51 am
Forum: Personal Finance (Not Investing)
Topic: IRS refund today!
Replies: 43
Views: 3351

Re: IRS refund today!

7 days. nice. Beyond the pleasant surprise at the speed of the refund, I always breathe a sigh of relief when someone else hasn't claimed my refund for himself. I try to put myself into a position where I owe money (taxes, not penalties) to the IRS every April. No one has claimed my tax bill yet! I...
by TheTimeLord
Sat Apr 22, 2017 8:48 am
Forum: Personal Finance (Not Investing)
Topic: IRS refund today!
Replies: 43
Views: 3351

Re: IRS refund today!

7 days. nice. Beyond the pleasant surprise at the speed of the refund, I always breathe a sigh of relief when someone else hasn't claimed my refund for himself. I try to put myself into a position where I owe money (taxes, not penalties) to the IRS every April. No one has claimed my tax bill yet! I...
by TheTimeLord
Fri Apr 21, 2017 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: IRS refund today!
Replies: 43
Views: 3351

Re: IRS refund today!

Sidney wrote:Most years I get mine before January 15th.


Must not have a taxable account since brokerage documents, much less the corrected versions, are ever ready that early. Save more file later.
by TheTimeLord
Fri Apr 21, 2017 10:59 am
Forum: Personal Consumer Issues
Topic: Google wifi is awesome
Replies: 63
Views: 9564

Re: Google wifi is awesome

Does anyone know if this would allow me to keep track of my teens web browsing activity? I can't find the answer on the product website. It looks like you can keep track of who is connected to the wifi, but I was wondering if you could also see what they're viewing. https://www.howtogeek.com/286599...
by TheTimeLord
Fri Apr 21, 2017 10:55 am
Forum: Personal Consumer Issues
Topic: Google wifi is awesome
Replies: 63
Views: 9564

Re: Google wifi is awesome

Heard great things about Google WiFi. Read reviews on how much faster it would be than my existing Luma mesh network so I ordered it. Tested head to head and it wasn't close for me, Luma outperform Google consistently. Don't know why this is, every online review I read suggested it would go the othe...
by TheTimeLord
Thu Apr 20, 2017 11:49 am
Forum: Personal Finance (Not Investing)
Topic: What constitutes "a lot" of money?
Replies: 81
Views: 11012

Re: What constitutes "a lot" of money?

It is definitely more about the cost of an item instead of portfolio size. I work with people who are the top 1% I know they would have no problem spending 5 million on something that would help their business or be for personal use like a home. Yet I have gone workout with them and they have on an...
by TheTimeLord
Thu Apr 20, 2017 11:48 am
Forum: Investing - Help with Personal Investments
Topic: I bonds May 2017
Replies: 30
Views: 3091

Re: I bonds May 2017

Of course I can redeem an I Bond in a year with minimum penalty and in 5 years with none and EE Bonds when purchased with the expectation of a 3.53% nominal return have an enormous penalty if redeemed in the first 19 years 364 days of ownership. I just can't get past being stuck in an investment wh...
by TheTimeLord
Thu Apr 20, 2017 11:26 am
Forum: Personal Finance (Not Investing)
Topic: What constitutes "a lot" of money?
Replies: 81
Views: 11012

Re: What constitutes "a lot" of money?

It is definitely more about the cost of an item instead of portfolio size. I work with people who are the top 1% I know they would have no problem spending 5 million on something that would help their business or be for personal use like a home. Yet I have gone workout with them and they have on an...
by TheTimeLord
Thu Apr 20, 2017 10:31 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodby."
Replies: 336
Views: 34474

Re: Larry Swedroe says "Goodby."

[quote="larryswedroe"][/quote] I will miss Larry greatly. He has been a personal help to me and has always been kind and patient enough to answer my PMs to him. I appreciate his insights and it has helped give me confidence in how I was proceeding. It was great to find so much common groun...
by TheTimeLord
Thu Apr 20, 2017 10:10 am
Forum: Investing - Help with Personal Investments
Topic: I bonds May 2017
Replies: 30
Views: 3091

Re: I bonds May 2017

Can't imagine why someone would find something with a known nominal rate that has to be held for 20 years to be superior to something that has a known real rate that only has to be held for 5 years but can be held for 30 years. If you truly want known, then a known real rate would seem to be the wa...
by TheTimeLord
Wed Apr 19, 2017 9:41 pm
Forum: Investing - Help with Personal Investments
Topic: I bonds May 2017
Replies: 30
Views: 3091

Re: I bonds May 2017

I would buy today or by the end of April 29th instead of waiting to see if the fixed rate might be 0.10% or not. After reading through this thread I bought 60% tonight and will buy the rest May 1. I am sure in the big picture it will be meaningless but somehow it made me feel better to take action ...
by TheTimeLord
Wed Apr 19, 2017 9:36 pm
Forum: Personal Consumer Issues
Topic: Fidelity card 2% but NOT as statement credit
Replies: 27
Views: 2534

Re: Fidelity card 2% but NOT as statement credit

For those like me who have both Fidelity and Citi double cash and think of both as their 2% cards, I learned something interesting today. I had decided that instead of putting the money into my son's 529, that I would instead take advantage of the statement credit. Going through the process, indeed...
by TheTimeLord
Wed Apr 19, 2017 2:39 pm
Forum: Investing - Theory, News & General
Topic: everywhere we are encouraged to trade and to our detriment
Replies: 31
Views: 3081

Re: everywhere we are encouraged to trade and to our detriment

A lot of us spend a lot of time actively visiting and reading this forum to remind us to not spend any time thinking about investing! Definition of irony? Investing is pretty boring when you actually do it correctly. It's only exciting when you're doing something, which most of the time we shouldn'...
by TheTimeLord
Wed Apr 19, 2017 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: I bonds May 2017
Replies: 30
Views: 3091

Re: I bonds May 2017

I disagree. I'm planning on holding my iBonds for a long time so I'll forgo the additional ~$40 in the first 6 months in hopes for an additional $10 per year if they increase the fixed rate to 0.1%. (with money this small - it hardly matter though). OP: if you search "ibonds" up in the se...
by TheTimeLord
Wed Apr 19, 2017 11:55 am
Forum: Investing - Help with Personal Investments
Topic: I bonds May 2017
Replies: 30
Views: 3091

Re: I bonds May 2017

I disagree. I'm planning on holding my iBonds for a long time so I'll forgo the additional ~$40 in the first 6 months in hopes for an additional $10 per year if they increase the fixed rate to 0.1%. (with money this small - it hardly matter though). OP: if you search "ibonds" up in the se...
by TheTimeLord
Wed Apr 19, 2017 10:31 am
Forum: Investing - Help with Personal Investments
Topic: I bonds May 2017
Replies: 30
Views: 3091

Re: I bonds May 2017

So what is the current state of I bonds right now? Should I wait to buy my $10,000 in May? I have never used them before but I am currently putting away funds in CDs for a house downpayment in the next 2-7 years and I am wondering if they are a good deal. You can also split the baby $5K and $5K. Bu...
by TheTimeLord
Wed Apr 19, 2017 10:28 am
Forum: Investing - Help with Personal Investments
Topic: I bonds May 2017
Replies: 30
Views: 3091

Re: I bonds May 2017

If you buy in April you will get a fixed rate of 0% + a variable inflation rate of 2.76% for the next 6 months - April to October 2017. In November 2017, you will get a rate of 0% fixed + a variable rate of 1.91%, the blended rate is 2.35%. The first twelve months earnings is 2.35%, after that no o...
by TheTimeLord
Tue Apr 18, 2017 9:29 am
Forum: Investing - Theory, News & General
Topic: Investors backing off their equity AA primarily due to 8-year bull market?
Replies: 56
Views: 4556

Re: Investors backing off their equity AA primarily due to 8-year bull market?

I haven't been following market news. Is there a growing trend of investors backing off their equity AA, stopping auto-investment in equity or even selling equity shares, primarily because of the 8-year bull market? Not because they are needing the money anytime soon. Here yes, but from what I hear...
by TheTimeLord
Tue Apr 18, 2017 9:22 am
Forum: Investing - Theory, News & General
Topic: everywhere we are encouraged to trade and to our detriment
Replies: 31
Views: 3081

Re: everywhere we are encouraged to trade and to our detriment

harvestbook wrote:A lot of us spend a lot of time actively visiting and reading this forum to remind us to not spend any time thinking about investing!


Definition of irony?
by TheTimeLord
Tue Apr 18, 2017 9:21 am
Forum: Investing - Theory, News & General
Topic: everywhere we are encouraged to trade and to our detriment
Replies: 31
Views: 3081

Re: everywhere we are encouraged to trade and to our detriment

I was just thinking about progress in our "modern times." We as investors are encouraged to trade, trade, trade. The brokerage houses lowered commissions drastically from what they were years ago. Everywhere I go I see people intently watching their hand held computers even when crossing ...
by TheTimeLord
Tue Apr 18, 2017 9:12 am
Forum: Investing - Theory, News & General
Topic: Is there any reason a buy-and-hold investor would buy gold?
Replies: 121
Views: 6347

Re: Is there any reason a buy-and-hold investor would buy gold?

I am missing the motivation for Central Banks to want gold to devalue. Also in all the talk of gold supply and the amount of gold that actually exists I haven't seen the salient point of extraction costs discussed. The amount of gold in existence is irrelevant if the cost to extract it exceeds its m...
by TheTimeLord
Mon Apr 17, 2017 11:33 pm
Forum: Investing - Theory, News & General
Topic: Is there any reason a buy-and-hold investor would buy gold?
Replies: 121
Views: 6347

Re: Is there any reason a buy-and-hold investor would buy gold?

Take it from someone who owned gold in the past. I bought it back in 2001 when the spot price was below $300 an ounce and sold it later on in the decade at I think $850 at spot price. It only goes up in value when people think the sky is falling. Trust me on this! The timing of when I did buy it wa...
by TheTimeLord
Mon Apr 17, 2017 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: How much money do you need to generate $50,000 per month?
Replies: 60
Views: 7491

Re: How much money do you need to generate $50,000 per month?

I have a friend who is looking to generate around $50k per month. Let's call it $40k after taxes. In the past it was safe to say you could achieve $50k annually per $1 million invested which would equate to around $12 million or so. I am not sure if this is still the case. Thoughts? A 25% effective...
by TheTimeLord
Mon Apr 17, 2017 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: How much money do you need to generate $50,000 per month?
Replies: 60
Views: 7491

Re: How much money do you need to generate $50,000 per month?

I have a friend who is looking to generate around $50k per month. Let's call it $40k after taxes. In the past it was safe to say you could achieve $50k annually per $1 million invested which would equate to around $12 million or so. I am not sure if this is still the case. Thoughts? A 25% effective...
by TheTimeLord
Mon Apr 17, 2017 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: How much money do you need to generate $50,000 per month?
Replies: 60
Views: 7491

Re: How much money do you need to generate $50,000 per month?

I have a friend who is looking to generate around $50k per month. Let's call it $40k after taxes. In the past it was safe to say you could achieve $50k annually per $1 million invested which would equate to around $12 million or so. I am not sure if this is still the case. Thoughts? A 25% effective...
by TheTimeLord
Sun Apr 16, 2017 11:32 am
Forum: Investing - Theory, News & General
Topic: Is there any reason a buy-and-hold investor would buy gold?
Replies: 121
Views: 6347

Re: Is there any reason a buy-and-hold investor would buy gold?

Given there are actually a few reality shows on gold mining I doubt it is as unknown as you believe. More importantly in countries where banking systems are still evolving having a compact store of value or one you can wear is a huge advantage. And you really think that the majority of folks watchi...
by TheTimeLord
Sun Apr 16, 2017 11:18 am
Forum: Investing - Theory, News & General
Topic: Is there any reason a buy-and-hold investor would buy gold?
Replies: 121
Views: 6347

Re: Is there any reason a buy-and-hold investor would buy gold?

There is little discussion that gold is NOT a good investment per se, as explained in previous posts. Its only value is at the portfolio level, where it has demonstrably proven quite valuable in the past (since the early 70s), dampening portfolio overall volatility in recent crisis. Before that, th...

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