Search found 1052 matches

by bigred77
Wed Dec 07, 2016 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement with $8M in investments
Replies: 151
Views: 15323

Re: Retirement with $8M in investments

I have flown commercial a lot. And I tried various other private charters. The cost of net jets versus other private options is not significant unless you get lucky with filling open return legs and other factors. I have 6 kids and a dog. Its so amazing to be able to decide to go to our place in fl...
by bigred77
Wed Dec 07, 2016 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring in a Decade after Graduation
Replies: 82
Views: 6559

Re: Retiring in a Decade after Graduation

I don't have a hard time with that assertion the OP made. I'm still young by the standards of many on this forum, but in my 25 years of being employed I have yet to find any such mythical unicorn job. I have resigned myself to taking a job that many don't want because I get paid low six-figures, se...
by bigred77
Wed Dec 07, 2016 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring in a Decade after Graduation
Replies: 82
Views: 6559

Re: Retiring in a Decade after Graduation

My only advice would be to make a large salary, live on maybe 20% of your salary, invest the rest in as tax efficient a manner as possible (which usually means maxing out 401ks, Roth IRAs, and saving a healthy chunk in a taxable brokerage account), and pray for an extended bull market. It takes a sp...
by bigred77
Wed Dec 07, 2016 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: HELP: salary negotiation
Replies: 17
Views: 2126

Re: HELP: salary negotiation

I would tell them that you're excited for the opportunity and are sure you will exceed their expectations but because you are taking on more responsibility, are increasing your book of business by 33%, and foregoing certain retirement benefits (401k match) you think a raise in base salary is both ju...
by bigred77
Wed Dec 07, 2016 10:59 am
Forum: Personal Consumer Issues
Topic: What to get a 13 Y/O who's interested in money?
Replies: 32
Views: 1460

Re: What to get a 13 Y/O who's interested in money?

There's a board game someone gave me as a joke ("Mogul: the game of Real Estate acquisition, finance, and management") that i actually REALLY got a kick out of. The only problem is I have never in my life been able to convince a group of people to actually play with me. The rule book is a ...
by bigred77
Tue Dec 06, 2016 6:44 pm
Forum: Investing - Theory, News & General
Topic: Sequence of returns risk. Using puts to hedge.
Replies: 26
Views: 1658

Re: Sequence of returns risk. Using puts to hedge.

Dan: One data point. Using historic performance since 1926, the portfolio yield difference between a 100% stock portfolio and a 50/50 stock/bond portfolio is 1.9% (10.2% versus 8.3%), less than the 2.1% cost of your strategy. The worst year for a 50/50 portfolio was 1931, with a return of -22.5% , ...
by bigred77
Tue Dec 06, 2016 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: simulating wealth building effects of home ownership
Replies: 39
Views: 2518

Re: simulating wealth building effects of home ownership

Hi. Family is moving to a HCOL area shortly. Turning 40 shortly. Home ownership is not in the cards for us in the near future. We'd like to stay flexible and don't want a high percentage of net worth tied up in a personal home. How could we simulate the wealth building effects of home ownership wit...
by bigred77
Tue Dec 06, 2016 1:27 pm
Forum: Investing - Theory, News & General
Topic: Should traders only BUY regardless of their TA ?
Replies: 11
Views: 934

Re: Should traders only BUY regardless of their TA ?

Your parameters will make them execute 4-5 trades each and every trading day.

I suspect, given equal skill levels, they will average roughly the same outcome.
by bigred77
Tue Dec 06, 2016 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Feel like I'm spending more even though I'm saving more
Replies: 39
Views: 3647

Re: Feel like I'm spending more even though I'm saving more

OP is doing great. The "pay yourself first and then spend the rest" approach is a pretty good method. Revisit the numbers once your income breaches 6 figures to make sure your on target to reach your goals. Maxing all tax advantaged space is great until your income rises to the point where...
by bigred77
Mon Dec 05, 2016 2:14 pm
Forum: Investing - Theory, News & General
Topic: Sequence of returns risk. Using puts to hedge.
Replies: 26
Views: 1658

Re: Sequence of returns risk. Using puts to hedge.

I think you would be much better off by just lowering your allocation to equities (although not all the way to 20/80, maybe something like 50/50). Bogleheads obsess about lowering investment costs by just a few basis points and your strategy incurs 210 basis points of insurance cost. Plus the S&...
by bigred77
Mon Dec 05, 2016 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Lost: Could really use some advice on our next round of financial goals
Replies: 25
Views: 2184

Re: Lost: Could really use some advice on our next round of financial goals

I think you are undervaluing the importance of tax advantaged investment space, especially at your ages/income level. I would prioritize: 1.) max both 401ks 2.) max backdoor Roth IRAs Then with funds over and above that, you will have to make choices (cars, remodel, vacations, prepaying mortgage, 52...
by bigred77
Mon Dec 05, 2016 1:49 pm
Forum: Personal Consumer Issues
Topic: Men's Fashion - Best Bang for Buck
Replies: 79
Views: 6453

Re: Men's Fashion - Best Bang for Buck

I finally bought some Brooks Bros dress shirts because I wanted something nicer but found the fit is really bad on my body type. The quality and feel are great but the fit (and I've tried all of their different fits) just can't be overcome without a tailor. Ironically my old brand, Stafford, which I...
by bigred77
Thu Dec 01, 2016 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: The new normal: 2%, 3%?
Replies: 72
Views: 4295

Re: The new normal: 2%, 3%?

And a SPIA is a great Plan B. If you are 15 years into retirement, and your money has dropped to 60% of what you started, you will probably be able to buy a 7% or 8% SPIA with a good chunk of your remaining money, and along with Social Security, be just fine. I am assuming above that one retires at...
by bigred77
Thu Dec 01, 2016 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: At 10x, how long before I reach 25x?
Replies: 18
Views: 3602

Re: At 10x, how long before I reach 25x?

#Cruncher's numbers look accurate. I say put your head down for 10 years and you'll probably be good to go. If returns are bad you'll still be in the ballpark of where you want to be. If returns are good you'll have some breathing space. You're just about at the tipping point where investment return...
by bigred77
Thu Dec 01, 2016 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Stop 401k contributions to pay debt?
Replies: 9
Views: 537

Re: Stop 401k contributions to pay debt?

I say continue on your current course and encourage your wife in her job search... maybe take 100% of her earnings and pay down debt when she starts working again before you ratchet your spending/lifestyle back up to pre-layoff levels...
by bigred77
Thu Dec 01, 2016 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Just bought a lot of bonds today per my IPS--and felt very uneasy doing it
Replies: 23
Views: 2827

Re: Just bought a lot of bonds today per my IPS--and felt very uneasy doing it

I purchased just under $300k of VFIUX (intermediate term treasuries) today. It was very hard to click "submit". My plan was to DCA into a 50-50 portfolio this year, and I had 12/1 written down as a date to make some major fixed income purchases. I just know I am going to lose 10-15% of th...
by bigred77
Thu Dec 01, 2016 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Feeling like you've "made it"
Replies: 107
Views: 10077

Re: Feeling like you've "made it"

this is fun! I'm 36 wife is 35, two kids. We make a combined $180k a year. Pretty solid. Upon reflection I find that we are debt free except for mortgages. We have rentals, we have investments (270k) Net worth is about $600k. My major anxiety is we are always cash poor. I somehow manage to always f...
by bigred77
Wed Nov 30, 2016 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Feeling like you've "made it"
Replies: 107
Views: 10077

Re: Feeling like you've "made it"

I am of very similar age/stats... Welcome to the "ambitious yuppie millennial" club where we get together to vent about our first world problems and anxieties :mrgreen: Common topics of conversation include "I still can't seem to move into management because these darn older workers w...
by bigred77
Wed Nov 30, 2016 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off mortgage?
Replies: 107
Views: 6959

Re: Pay off mortgage?

If I had un-invested cash just sitting the bank or in a MM fund in excess of my mortgage I would just pay it off.

Set up a no-fee HELOC and then, should the need arise, you have access to that liquidity. You will only be charged interest if you actually withdraw on the line of credit.
by bigred77
Wed Nov 30, 2016 12:49 pm
Forum: Personal Consumer Issues
Topic: Should I buy a new car for safety's sake?
Replies: 152
Views: 6092

Re: Should I buy a new car for safety's sake?

I was unaware that everyone buying new Toyotas in 2007 were buying death traps :mrgreen: :mrgreen: I know there have been safety advancements in the past 10 years but I can't believe people are recommending the improvement is so vast. A 2007 toyota is definitely "safe enough" as someone pr...
by bigred77
Wed Nov 30, 2016 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Miami- be very careful buying RE here
Replies: 25
Views: 2859

Re: Miami- be very careful buying RE here

Folks, I am not familiar with Florida's law. As far as I can remember, in Texas, the beach belongs to the public / state. So, there were cases where due to some hurricanes, the beach moved further inland and some private houses are subsequently on the beach / public land. Hence, the house owner no ...
by bigred77
Tue Nov 29, 2016 10:59 pm
Forum: Investing - Theory, News & General
Topic: "Sequence of returns risk"
Replies: 42
Views: 2759

Re: "Sequence of returns risk"

BTW, sure - sequence of returns effects your total income in retirement (assuming you don't do a fixed amount withdrawal). But apart from being an interesting mathematical fact, why should we much care about this? How is it an actionable piece of information? I don't see how it is, unless we could ...
by bigred77
Tue Nov 29, 2016 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Need some mortgage advice
Replies: 23
Views: 1954

Re: Need some mortgage advice

I don't know what would happen if you started the underwriting process with the 2nd lender while still proceeding along with your current lender. I just don't think it's done. Both lenders will probably be mad at you for potentially wasting their time and there could be wasted fees on a second appr...
by bigred77
Tue Nov 29, 2016 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Need some mortgage advice
Replies: 23
Views: 1954

Re: Need some mortgage advice

I don't know what would happen if you started the underwriting process with the 2nd lender while still proceeding along with your current lender. I just don't think it's done. Both lenders will probably be mad at you for potentially wasting their time and there could be wasted fees on a second appra...
by bigred77
Tue Nov 29, 2016 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Need some mortgage advice
Replies: 23
Views: 1954

Re: Need some mortgage advice

I would not be thrilled about changing lenders within 2 weeks of the closing date. You would have to push the closing date back and I hope the seller will be OK with that. How did they not have a rate lock done before now? I know people will float rates but getting within 2 weeks of closing seems c...
by bigred77
Tue Nov 29, 2016 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Need some mortgage advice
Replies: 23
Views: 1954

Re: Need some mortgage advice

I would not be thrilled about changing lenders within 2 weeks of the closing date. You would have to push the closing date back and I hope the seller will be OK with that. How did they not have a rate lock done before now? I know people will float rates but getting within 2 weeks of closing seems cr...
by bigred77
Tue Nov 29, 2016 1:53 pm
Forum: Investing - Theory, News & General
Topic: "Sequence of returns risk"
Replies: 42
Views: 2759

Re: "Sequence of returns risk"

I'm in my mid sixties and have been retired for about 6 years. Since these early years of my retirement were in a bull market, does that mean, all things being equal, I stand a better than average chance of my portfolio lasting for my lifetime. My portfolio currently is larger than it was when I re...
by bigred77
Tue Nov 29, 2016 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Does your employer pay for continuing education?
Replies: 27
Views: 1293

Re: Does your employer pay for continuing education?

My company has a tuition reimbursement program for courses taken towards an accredited degree program. Up to $5,250 per calendar year. The degree should be directly beneficial to your current position or "a potential future position in which you could reasonably become qualified for". My c...
by bigred77
Mon Nov 28, 2016 1:07 pm
Forum: Investing - Theory, News & General
Topic: Retreat to cash
Replies: 187
Views: 15100

Re: Retreat to cash

^ We have enough too. I get all types of flack for having Discretionary, high fee annuities, stock picks. etc. I think BH need to see what happens when a BHer reaches the right side of the curve. YMMV :oops: Nobody should fault you for making decisions they may personally disagree with. I think mos...
by bigred77
Mon Nov 28, 2016 12:28 pm
Forum: Investing - Theory, News & General
Topic: Retreat to cash
Replies: 187
Views: 15100

Re: Retreat to cash

28-Nov-2016 1500 UTC Well, let's see what happens. Unconvinced by the feedback here, I've decided to get out of the market for a while. I remain convinced that there is an above average probability that the markets will experience a period of significant decline due to turmoil as the US administrat...
by bigred77
Wed Nov 23, 2016 2:41 pm
Forum: Personal Consumer Issues
Topic: How Much Housing Payment Can a Boglehead Afford?
Replies: 90
Views: 3964

Re: How Much Housing Payment Can a Boglehead Afford?

If your going to spend more, I found (counter-intuitively to me at the time) that I got much more bang for my buck by spending more on "location" rather than size/features. I MUCH prefer a mile long commute and a walkable community to a 4k ft house in the suburbs with a pool, even if I ha...
by bigred77
Wed Nov 23, 2016 1:38 pm
Forum: Personal Consumer Issues
Topic: How Much Housing Payment Can a Boglehead Afford?
Replies: 90
Views: 3964

Re: How Much Housing Payment Can a Boglehead Afford?

Thanks again everyone! This has been very helpful to me as I think about where to allocate funds. I currently live in a very modest house and have no kids, so the vast majority of our income is just piling up in savings. I'd like a bigger house someday and definitely ought to spend more on somethin...
by bigred77
Wed Nov 23, 2016 12:44 pm
Forum: Personal Consumer Issues
Topic: Replacement Sofa Cushions
Replies: 14
Views: 1103

Re: Replacement Sofa Cushions

I'm glad do have received from good replies.

I think I'm going to check out a local place to see prices and check firmness/comfort. I'll find the density/ILD numbers that I like and then make a decision.

I appreciate the comments.
by bigred77
Wed Nov 23, 2016 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Tax sheltered investment vehicles help
Replies: 14
Views: 561

Re: Tax sheltered investment vehicles help

I believe that investing in a taxable account is preferable to making non-deductible contributions to IRA in most situations. If you wanted to use the "back door" in order to get money into Roth IRA, that is preferable to putting the money into a taxable account. I no longer suggest doing...
by bigred77
Wed Nov 23, 2016 10:12 am
Forum: Investing - Help with Personal Investments
Topic: Employer re-priced our ISO, what does it truly mean?
Replies: 12
Views: 1162

Re: Employer re-priced our ISO, what does it truly mean?

So this can't be good right? We were informed that the board magically approved a reduction in the strike price for employees who hold options worth $0.15. The new strike price is now $0.05. We were told this is a good thing because we now have the opportunity to exercise our options at a much lowe...
by bigred77
Wed Nov 23, 2016 9:54 am
Forum: Personal Consumer Issues
Topic: How Much Housing Payment Can a Boglehead Afford?
Replies: 90
Views: 3964

Re: How Much Housing Payment Can a Boglehead Afford?

OP, Our PITI + HOA fee is right at about 20% of gross income. I pay extra on the mortgage to bring my actual payment up to about 28% of gross. We still save 25%+ for retirement (although technically I don't fill up ALL available tax advantaged space available to me). I'm comfortable with the above r...
by bigred77
Tue Nov 22, 2016 6:46 pm
Forum: Personal Consumer Issues
Topic: Replacement Sofa Cushions
Replies: 14
Views: 1103

Re: Replacement Sofa Cushions

rgs92 wrote:I have used foamonline.com several times and like them.


This company carries the type of foams I have been looking at. Did you use them for foam used in heavy use furniture? Were you happy with the longevity and performance?
by bigred77
Tue Nov 22, 2016 6:19 pm
Forum: Investing - Theory, News & General
Topic: Renaissance Technologies - Inside a Moneymaking Machine Like No Other
Replies: 54
Views: 4835

Re: Renaissance Technologies - Inside a Moneymaking Machine Like No Other

You've been making a lot of posts about the "technical" aspects of investing. I really haven't been able to make any sense out of what you're saying, but now I think I see where you're coming from. That was to show you how extensive of a Technical Analysis approach that I tried. My posts ...
by bigred77
Tue Nov 22, 2016 6:04 pm
Forum: Personal Consumer Issues
Topic: Replacement Sofa Cushions
Replies: 14
Views: 1103

Re: Replacement Sofa Cushions

I have not tried any local shops (mainly because the thought of spending a Saturday at an upholstery shop sounds like death to me) but it probably makes a lot of sense to do this. I will have to find one and see if they can lend me some insight and let me test out their materials.
by bigred77
Tue Nov 22, 2016 5:54 pm
Forum: Investing - Theory, News & General
Topic: Retreat to cash
Replies: 187
Views: 15100

Re: Retreat to cash

Enjoying this discussion – thanks. More fuel: “Why a year?” - Nothing magic to me about a year. Perhaps more, perhaps less. Time for the new administration and congress to work through startup issues relative to suggested policy changes, both financial and otherwise. Things will settle politically ...
by bigred77
Tue Nov 22, 2016 5:45 pm
Forum: Investing - Theory, News & General
Topic: Renaissance Technologies - Inside a Moneymaking Machine Like No Other
Replies: 54
Views: 4835

Re: Renaissance Technologies - Inside a Moneymaking Machine Like No Other

They seem to have been outlandishly successful, but none of us are able to invest with them, so I guess it doesn't matter much. I will also note that it strikes me as odd that they have a super successful fund that is closed to outside investment, but there funds that do accept outside money are qui...
by bigred77
Tue Nov 22, 2016 1:49 pm
Forum: Personal Consumer Issues
Topic: Replacement Sofa Cushions
Replies: 14
Views: 1103

Re: Replacement Sofa Cushions

The sofa is the brand Barnhardt that I bought through a local furniture chain. The official "Barnhardt" replacement cushions were almost 300 a cushion (and I would need 3 cushions) vs a purchase price of right around $1500 for the sofa itself. I'm seeing these online retailers with prices ...
by bigred77
Tue Nov 22, 2016 1:36 pm
Forum: Personal Consumer Issues
Topic: Replacement Sofa Cushions
Replies: 14
Views: 1103

Replacement Sofa Cushions

I'm wondering if anyone has used any of these online retailers to replace sofa cushions. We bought our sofa about 4 years ago and still love the look and appearance. Unfortunately the cushions themselves (the ones you sit on) are not holding up well to heavy use and are sagging. I also prefer a very...
by bigred77
Tue Nov 22, 2016 12:45 pm
Forum: Investing - Theory, News & General
Topic: Retreat to cash
Replies: 187
Views: 15100

Re: Retreat to cash

When would you get back in? THAT, Detective, is the right question. [edit] Market timing requires a re-entry strategy. If you don't have a specific re-entry strategy then you shouldn't be pulling out. No, it's simple. If you're in and uncomfortable - get out. Otherwise stay in. If you're out and un...
by bigred77
Tue Nov 22, 2016 10:33 am
Forum: Investing - Theory, News & General
Topic: Retreat to cash
Replies: 187
Views: 15100

Re: Retreat to cash

Markets do not like uncertainty, and it would appear that with the new president, 2017 will bring a period of uncertainty on some major issues. I DO NOT intend this post to elicit a political debate or name-calling contest. I have no leanings one way or the other with respect to political parties o...
by bigred77
Thu Nov 10, 2016 1:26 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 204
Views: 25827

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

This pretty much describes me to a "T". But I'm sort of struggling with trying to get out of that mode at this point in my life. We had about $220k in after-tax income last year, and spent about $60k. Plus our investments increased by about $200k. And we pretty much have enough to quit ou...
by bigred77
Thu Nov 10, 2016 11:49 am
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 204
Views: 25827

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

I don't fit the criteria. I save 1/4 to 1/3 of my income every year and try to spend the rest as "efficiently" as possible on whatever makes me the happiest. I'm not wired the same way as people who say "If I had 10 million dollars, my lifestyle/spending wouldn't change". There's...
by bigred77
Wed Nov 09, 2016 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: The market was off 800 points after hours! Why?
Replies: 8
Views: 2237

Re: The market was off 800 points after hours! Why?

Could we have bought when it was down 800 points? You could have. Definitely in the futures market anyway. I assume ETFs trade after hours so I think you could have used those as well. A broker would be able to do it on your behalf. I suspect Interactive Brokers would be a way to DIY but I've never...
by bigred77
Wed Nov 09, 2016 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Simplify my Portfolio?
Replies: 14
Views: 1138

Re: Simplify my Portfolio?

What decision are you more likely to be able to stick to over the next couple of decades knowing that it's very likely that both a tilted and non-tilted portfolio will have extended runs of outperformance and underperformance when compared to each other?
by bigred77
Wed Nov 09, 2016 10:31 am
Forum: Investing - Help with Personal Investments
Topic: when is market timing acceptable?
Replies: 50
Views: 4036

Re: when is market timing acceptable?

if the markets drop sharply today, I'll be buying on the cheap. It's the best time to market time if anything. It looks like the scare of a substantial selloff might not materialize today. Just for the sake of this thread lets say the S&P 500 had dropped 2% - 3%. Would that have enticed you to ...

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