Yes, those two screens are what I use (valuation set to 1%). It works fine, as far as it goes. I guess that the reinvested dividends are just too much to expect from Quicken, which does a pretty darned good job overall.
Thanks all.
Yes, those two screens are what I use (valuation set to 1%). It works fine, as far as it goes. I guess that the reinvested dividends are just too much to expect from Quicken, which does a pretty darned good job overall.
I usually use the 80/20 rule myself, but lately, at my wife’s financial services job, have adjusted it to 90/10beyou wrote: ↑Tue Mar 19, 2024 6:55 amI had estimated 20% do 80% of the work, and that rule is not limited to the financial industry.TomatoTomahto wrote: ↑Tue Mar 19, 2024 6:18 am+1
Although it has to be said that probably 10% of the people do 90% of the useful work.
Probably very few want to trade places, but that’s not unique to the finance industry. I don’t imagine too many doctors, engineers, software developers, salespeople, tradespeople, etc. are lining up either.
+1
Well, sort of. Maybe it’s different in our line of work, but we have never had RSUs get forfeited without a new employer buying us out of them. So, maybe the exchanged shares did better, the same, or worse than the previous shares, but things never went to zero.
Paying for business class was our “final frontier.” We have decided that we will do it for our next trip, probably to London. Note that spending on our house, cars, home theater, expensive vacations, etc. all preceded the flight upgrade.hmw wrote: ↑Sat Mar 16, 2024 6:45 pm Rationally I understand consumption smoothing. But I find it hard to pull the trigger on what I consider to be “extravagant” spending. I can afford to spend on business class airline tickets easily but I just bought 2 economy class trans-pacific tickets for $1550 per ticket. Biz class tickets would cost $5600 per tickets. I fly on biz class on long haul flights about half the time.
I have a lot of screens in my house. Currently, the largest one is 83” diagonal. I can imagine maybe placing a 100” screen somewhere, but to be honest, 4K is plenty. I’m not one of those Luddites who claims that 1080i is good enough, etc.
I believe that you’ve got it right. It’s not 9x2=18, rather 2x2x2x2x2x2x2x2x2=512.smitcat wrote: ↑Fri Mar 15, 2024 11:41 amIs that not what doubling 9 times means?TomatoTomahto wrote: ↑Fri Mar 15, 2024 11:21 amThat’s the chessboard with one grain of wheat in the first square, 2 in the second, 4 in the third …smitcat wrote: ↑Fri Mar 15, 2024 11:01 am
"I was reviewing this recently and realized I've doubled my income 9 times since I started working."
That is amazing - if you started out with weekly earnings of $200 they would be $102,400 now.
Yearly that woudl be going from $10,000 per year to $5,324,800 per year.
Or do I have the thought and math all wrong?
That’s the chessboard with one grain of wheat in the first square, 2 in the second, 4 in the third …smitcat wrote: ↑Fri Mar 15, 2024 11:01 am
"I was reviewing this recently and realized I've doubled my income 9 times since I started working."
That is amazing - if you started out with weekly earnings of $200 they would be $102,400 now.
Yearly that woudl be going from $10,000 per year to $5,324,800 per year.
… and that’s what makes horse races.
I’m sure that I’m not the only one who, if he wanted to live near family, would have difficulty finding a location that is less than, on average, a few thousand miles from family. Easier to pick a location with good access to an airport.
30 is the new 18. Seriously, what could go wrong?toddthebod wrote: ↑Wed Mar 13, 2024 11:04 am Also I wouldn't want my kids to get unrestricted access to $4-5 million each on their 18th birthdays.
Hey, what’s a few decades between friends? I had hair back when Clinton was president!Stinky wrote: ↑Wed Mar 13, 2024 8:26 amYep, I’m going to invest with RJ because of its investment performance when Bill Clinton was President……p1db wrote: ↑Wed Mar 13, 2024 7:53 am The said report only covers the years 1993-2002.
https://www.raymondjames.com/advisorcho ... report.pdf
I wonder how many more years (or decades) until RJ stops using this ancient report to advertise its services.
Yes, welcome to the forum! The above posts from Stinky, blimp, and ExodusNH are the kinds of good advice without ulterior motives you can get on Bogleheads on any number of topics. I hope your misadventure with IUL is over soon.
I’m the earlier retiring part of the couple. Twenty plus years ago, I became a SAHD (stay-at-home-Dad), which I don’t count as being retired. Once the kids went off to college and moved out of the house, it could be said that I retired. Financially, it wasn’t a big deal for us.
I can’t speak to what fascinates you, but I wonder why it does. Assuming that there’s advice to be be had on the internet that’s valuable, this forum being one such place, at what levels of income would you find it less fascinating? Higher or lower income?
A related question to ask is what incremental cost you represent to the broker. Salespeople (er, customer support/financial advisors) have to interact with you, try to persuade you to invest in a product, hold your hand when the market gets rough, etc., and that costs more than the heavily automated back office required to keep track of what you’ve bought and sold. In any case, the back office is a cost of doing business. You cost a lot less in the front office.
+11moreyr wrote: ↑Mon Mar 11, 2024 10:16 pm As a boglehead , I accept I will never have "stories" about how I killed the market.
I will (and do) have stories how slow and steady reliably got me to a point I could retire by 49/50 and the kind of FI I always dreamed of.
I also don't have stories about how I lost everything and at 65 I can't retire.
This kept me focused
Quit your contemplation; just do it! I decided a while ago that biz class to London is what I will do from now on; Sydney is twice the duration.simplesimon wrote: ↑Mon Mar 11, 2024 7:33 am
I'm looking at flights from Boston to Sydney next year and am contemplating spending the $10k for business class. The leg from LAX to Sydney is 16 hours.
It is really food for thought. Our two kids were raised with the same parents, home, and basic values. One said he didn’t need a new hockey stick the season after he grew 3 inches, and after we insisted, bought last year’s model at a discount. The other always wanted whatever hockey gear was latest and greatest.
I resisted for many years, but recently ordered more car than I need to replace a car that didn’t really require replacing. I’m doing my part for capitalism.Hogan773 wrote: ↑Sun Mar 10, 2024 2:47 pm It will be interesting to see if I talk myself into Porsches etc later in life when it is clear that spending that $120K vs a $50K Honda Pilot won't actually change anything on my portfolio numbers, or whether my stripes will prevail and I will feel like I'm not getting anything more of value for all that extra money.