Search found 1869 matches

by bigred77
Fri Oct 20, 2017 1:50 pm
Forum: Personal Consumer Issues
Topic: Any BMW X5 owners?
Replies: 11
Views: 1543

Re: Any BMW X5 owners?

I have owned 2 BMWs (328i and X3) for the past 4-5 years out of warranty. They are 9 and 10 years old now, both with over 100k miles. I have had to do basic maintenance on both and a couple of reasonable repairs (oil/filter/brake fluid changes, new tires/batteries/lights, some repairs like new actua...
by bigred77
Wed Oct 11, 2017 8:33 am
Forum: Personal Consumer Issues
Topic: Greek Islands Cruise Excursions
Replies: 9
Views: 855

Re: Greek Islands Cruise Excursions

Athens is obviously full of historic sights but everything was pretty close together (which helps when you have limited time). You can probably see the Parthenon, Acropolis, Temple of Zeus, and tour the Acropolis museum all in one day (then find a place for a nice meal). They're all right next to ea...
by bigred77
Tue Oct 10, 2017 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: Shifting Gears - Sanity Check
Replies: 19
Views: 1231

Re: Shifting Gears - Sanity Check

I would not put TIPS in a Roth. You want your funds with the highest growth potential there, such as US TSM/Int TSM. That's the only thing I see that I would call a glaring error. My concern is the tax implications. I have to plan my life and investments around the new reality of a fixed and very l...
by bigred77
Tue Oct 10, 2017 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Shifting Gears - Sanity Check
Replies: 19
Views: 1231

Re: Shifting Gears - Sanity Check

I would not put TIPS in a Roth. You want your funds with the highest growth potential there, such as US TSM/Int TSM. That's the only thing I see that I would call a glaring error. My concern is the tax implications. I have to plan my life and investments around the new reality of a fixed and very l...
by bigred77
Tue Oct 10, 2017 8:50 am
Forum: Investing - Help with Personal Investments
Topic: Anesthesiologist Advise [how to save money]
Replies: 45
Views: 5562

Re: Anesthesiologist Advise [how to save money]

A debt free doctor in their early 30s who grosses 300k a year and has expenses between $40k and $66k a year is being told they shouldn't live in their current location for financial reasons... Wow :shock: :shock: OP, Just do some reading, Find out how your income works. Find out how taxes work. Find...
by bigred77
Fri Oct 06, 2017 8:46 am
Forum: Investing - Help with Personal Investments
Topic: Where do you think the money will come from to move the overall market higher?
Replies: 31
Views: 2244

Re: Where do you think the money will come from to move the overall market higher?

...Profits from publicly traded companies continuing to rise over time... I don't know what the stock market is going to do. But I am skeptical of this kind of argument. Back around 1998 or so I remember a discussion with a colleague. My point of view was "Look, I understand that GE and all the oth...
by bigred77
Thu Oct 05, 2017 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio update/advice. Also: What do you do when you feel the urge to "buy something"?
Replies: 12
Views: 1180

Re: Portfolio update/advice. Also: What do you do when you feel the urge to "buy something"?

When you get the urge to buy something I would buy plane tickets and take an extra vacation.
by bigred77
Thu Oct 05, 2017 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Where do you think the money will come from to move the overall market higher?
Replies: 31
Views: 2244

Re: Where do you think the money will come from to move the overall market higher?

Profits from publicly traded companies continuing to rise over time.

I read something a long time ago about some sort of "invisible hand" :mrgreen: Seems to have some merit.
by bigred77
Thu Oct 05, 2017 12:08 pm
Forum: Personal Consumer Issues
Topic: How do you value your time?
Replies: 97
Views: 3876

Re: How do you value your time?

I've never tried to put a dollar value on my "time" but I absolutely spend more money for conveniences. Not every convenience, but many of them. I spent more on housing to not have a commute. I spend money to hire out chores (lawn and maid service are the 2 big ones). I will hire a handy man to hand...
by bigred77
Thu Oct 05, 2017 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Do you foresee a drop in housing prices in the next 5 years
Replies: 53
Views: 5366

Re: Do you foresee a drop in housing prices in the next 5 years

I expect housing prices to be local but in aggregate, at the national level, I expect slow and steady gains for the foreseeable future. The millennial generation is huge and more and more of them will eventually want to own property. I am in my mid-20's. Solidly a millennial. All of my peers who I ...
by bigred77
Wed Oct 04, 2017 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14262

Re: Bay Area Real Estate

Hardly a one industry town. There is plenty of Healthcare and SLED (State and Local Govt's and Education in the area). Have a look at top employers in various counties: Santa Clara http://www.labormarketinfo.edd.ca.gov/majorer/countymajorer.asp?CountyCode=000085 San Mateo http://www.labormarketinfo...
by bigred77
Wed Oct 04, 2017 8:10 am
Forum: Investing - Help with Personal Investments
Topic: Pension Now (Age 36) or Later (Age 65)?
Replies: 45
Views: 3373

Re: Pension Now (Age 36) or Later (Age 65)?

If I were 36 with 29 years to get to 65, I would take the lump sum now and add it to my portfolio following my asset allocation plan because the promised return is equivalent to a 100% bond fund. I would also make a note on a 3 x 5 file card to check on my 65th birthday to see if I had made the rig...
by bigred77
Tue Oct 03, 2017 9:40 pm
Forum: Investing - Theory, News & General
Topic: Shooting for the moon as a young investor
Replies: 19
Views: 2001

Re: Shooting for the moon as a young investor

I don't subscribe to the OPs line of thinking (I think young professionals with money to invest in their 20s are far better served laying a foundation of sound financial practices and getting a head start on their nest egg using bogleheads principles) but if I did want to shoot for the moon, I'd muc...
by bigred77
Tue Oct 03, 2017 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: Help with private investment opportunity
Replies: 47
Views: 2519

Re: Help with private investment opportunity

I'm really hoping this doesn't come off the wrong way but your post sounds like you "come from money" in that your have a couple of hundred thousand dollars at age 23 and connections with multi-millionaire entrepreneurs with a 60k income. If you do come from money then why not just roll the dice and...
by bigred77
Tue Oct 03, 2017 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Do you foresee a drop in housing prices in the next 5 years
Replies: 53
Views: 5366

Re: Do you foresee a drop in housing prices in the next 5 years

I expect housing prices to be local but in aggregate, at the national level, I expect slow and steady gains for the foreseeable future. The millennial generation is huge and more and more of them will eventually want to own property.
by bigred77
Tue Oct 03, 2017 4:42 pm
Forum: Personal Consumer Issues
Topic: Do I have to choose between buying home in HCOL and FIRE or can I have both?
Replies: 35
Views: 2544

Re: Do I have to choose between buying home in HCOL and FIRE or can I have both?

You are looking to buy a house 2X salary in 3 years. You don't have to worry. You can probably afford the $1.3M McMansion if that floats your boat without causing yourself any financial stress. Denver is pricey but you have it better than a number of other large cities in terms of housing prices.
by bigred77
Tue Oct 03, 2017 1:06 pm
Forum: Investing - Theory, News & General
Topic: Peter L. Bernstein: Cash BETTER than Bonds
Replies: 64
Views: 7385

Re: Peter L. Bernstein: Cash BETTER than Bonds

I know the quote in the OP was "bonds should trade places with cash" but what I get out of the sentiment is Bernstein does not think duration and credit risk is worth taking. He is advocating for duration of 1 day. You can buy some of his argument without going whole hog by just buying short term tr...
by bigred77
Tue Oct 03, 2017 10:16 am
Forum: Investing - Help with Personal Investments
Topic: Pay off mortgage instead of bond investment
Replies: 28
Views: 2162

Re: Pay off mortgage instead of bond investment

I would pay off the mortgage in your case. It's 4% of your investment portfolio and half of your cash. I would just pay it off to simplify your life rather than make it an investment analysis. Sounds like you have a good plan and if your wife has the ability to control the AA of the trust then it de...
by bigred77
Mon Oct 02, 2017 11:46 am
Forum: Personal Finance (Not Investing)
Topic: loosening the purse strings a bit at 37?
Replies: 30
Views: 3902

Re: loosening the purse strings a bit at 37?

OP How much tax advantaged space to you have available to you? Do you have a solo 401k where can sock away 50k+ plus 2 Roth IRA's (possibly backdoor) + HSA + 529s? If you could sock away 60k in the 401k and 2 Roth IRA's plus 17k in your 529s and HSA that would be a pretty great goal IMO. That's just...
by bigred77
Thu Sep 28, 2017 9:33 am
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 194
Views: 13243

Re: Why do you LBYM? Why do you save and invest?

Probably a combination of fear and opportunity. I was lucky enough to land a well paying entry level role in corporate america that started one week after graduation. That was in 2008 so I was quite fortunate. I had seen my parents struggle with money and make many, many bad financial decisions. It ...
by bigred77
Thu Sep 28, 2017 6:52 am
Forum: Personal Finance (Not Investing)
Topic: 27yo looking for advice on first house budget
Replies: 29
Views: 2485

Re: 27yo looking for advice on first house budget

No desire to rent. Why not? +1 27 and single is the time to either stay where you are and pile up money if you like your current living situation, or move to a nice 1 bedroom apt in the best location for you (either right by work or in the trendy bar/restaurant district; ideally both). No need for ...
by bigred77
Wed Sep 27, 2017 8:44 am
Forum: Personal Finance (Not Investing)
Topic: My boneheaded financial mistakes
Replies: 77
Views: 9589

Re: My boneheaded financial mistakes

I bought GM prior to the crash. When it went down I bought more because I thought it was 'too big to fail' and if GM failed, I'd have bigger things to worry about. That, at least, was true. Me too!! That was my catalyst to actually sell everything I owned and put a boglehead portfolio into practice...
by bigred77
Tue Sep 26, 2017 7:21 pm
Forum: Investing - Help with Personal Investments
Topic: grad student - how much to contrib to IRA
Replies: 14
Views: 1044

Re: grad student - how much to contrib to IRA

I would encourage any grad student to contribute whatever they can (10% would be tremendous) and consider any dollar that actually makes it in there and is not spent at a bar to be a win :mrgreen:
by bigred77
Tue Sep 26, 2017 12:57 pm
Forum: Personal Consumer Issues
Topic: Lifestyle Creep
Replies: 142
Views: 11641

Re: Lifestyle Creep

I've probably let lifestyle creep happen too quickly within my own family. As we transition down to a one income family next year it might be a little bit challenging to back down a bit but I'm hoping being new parents will take up enough of our time that we will naturally spend a little less :mrgre...
by bigred77
Mon Sep 25, 2017 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Is buying a home this expensive reasonable for our situation?
Replies: 16
Views: 2010

Re: Is buying a home this expensive reasonable for our situation?

You can without question afford it. You have a household income of 240k and want to buy a house equal to 1.83X household income. You have over 500k in tax advantaged accounts for retirement and college in your late 30s. You have enough current home equity to even put down 25%+ if you want. What does...
by bigred77
Mon Sep 25, 2017 1:39 pm
Forum: Personal Consumer Issues
Topic: Asking for no wedding gifts
Replies: 72
Views: 4310

Re: Asking for no wedding gifts

Anything but "cash gifts preferred"! Gill How about "no boxed gifts"? +1 As someone who is just getting out of "5+ weddings a year because all of my friends are now getting married" phase of life I can tell you that at least in my experience and social circle, "no boxed gifts please" written on the...
by bigred77
Thu Sep 21, 2017 9:06 pm
Forum: Personal Consumer Issues
Topic: Luxury Car Purchase
Replies: 47
Views: 3656

Re: Luxury Car Purchase

It's not completely unreasonable.

And if your financial advisor charges you the standard 1% per year you could fire him and buy a 130k dollar car every 4-5 years with the savings :shock:
by bigred77
Thu Sep 21, 2017 9:01 pm
Forum: Investing - Theory, News & General
Topic: No More Saving???
Replies: 114
Views: 10474

Re: No More Saving???

I personally don't see myself ever stopping my savings plan until I retire. Then again I plan to retire as early as I reasonably can. I could see a situation where one had a pension and they had to continue working until they reached some eligibility requirement (age, number of years worked, etc). I...
by bigred77
Thu Sep 21, 2017 12:18 pm
Forum: Investing - Theory, News & General
Topic: How an asset with a NEGATIVE return can INCREASE your portfolio's return
Replies: 31
Views: 3141

Re: How an asset with a NEGATIVE return can INCREASE your portfolio's return

Welcome to the world of modern portfolio theory. You don't have to reinvent the wheel, a lot of academic research has already been published. :mrgreen: In all seriousness, you are back testing an asset that had EXTREME volatility and an extremely positive return over the past 7 years. I don't know a...
by bigred77
Thu Sep 21, 2017 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Job Offer - 6 month Review & Others
Replies: 5
Views: 790

Re: How would you value Time In this scenario?

You only value it if you prefer working 80 hours over 9 work days or 10 work days. Both jobs offer the same effective $/hr. The difference is based on your personal preference. You can try to quantify that preference in some sort of fuzzy way but unless you feel strongly one way or the other, I prob...
by bigred77
Thu Sep 21, 2017 10:47 am
Forum: Investing - Theory, News & General
Topic: AA if you were just starting out again
Replies: 49
Views: 3712

Re: AA if you were just starting out again

Today I'm 75/25 with some factor tilts.

If I could go back to when i started I'd implement the same portfolio I have today.
by bigred77
Wed Sep 20, 2017 4:54 pm
Forum: Personal Consumer Issues
Topic: Dilemma: To buy CPO car or long term rent a car or ship my car?
Replies: 13
Views: 893

Re: Dilemma: To buy CPO car or long term rent a car or ship my car?

I spend the winters in Arizona which this year means 5 months. Also I occasionally visit Arizona for 2 week periods. My choices are: 1) I can ship my 1 1/2 year old entry level luxury vehicle round trip from the east coast for about $2,000. But there will probably be a gap of about a few days on ea...
by bigred77
Wed Sep 20, 2017 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 25330

Re: Calling out the not so rich bogleheads

Am I correct that having personal net assets of $ 1 million (with debts subtracted from assets) still puts both single individuals and couples at more than average as compared to all Americans? Does a typical 60 year old have a higher net assets count (but not quite yet $1 million but closing in on...
by bigred77
Wed Sep 20, 2017 12:31 pm
Forum: Investing - Theory, News & General
Topic: Oil - Price & Supply/Demand Conundrum
Replies: 62
Views: 3874

Re: Oil - Price & Supply/Demand Conundrum

I enjoy reading the outside perspective because I work in the industry and obviously I hope it rebounds. My personal opinion on the matter is oil prices (and really all commodity prices) have always been very cyclical. When I entered the industry oil was 120, 130 a barrel and we drilled anywhere and...
by bigred77
Wed Sep 20, 2017 8:20 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Dividend Strategies Fall Short
Replies: 15
Views: 1518

Re: Larry Swedroe: Dividend Strategies Fall Short

2 dividend focused articles in 3 days from Larry.

Is this his payback to the board knowing there will be posters who argue that "income investors" are just as right as "total return investors" and there will be another heated discussion :mrgreen:

Touché Larry, touché...
by bigred77
Tue Sep 19, 2017 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: What is the right career path for me?
Replies: 24
Views: 2499

Re: What is the right career path for me?

I don't want to be limited to 500k a year as a surgeon. I want to build a business that stretches that to millions/billions per year. I don't want to be limited by my own time and energy and just end up paying half of my hard-earned 500k in taxes. I lol'd at having such a limited income and not lik...
by bigred77
Tue Sep 19, 2017 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: International index fund ideas.
Replies: 7
Views: 704

Re: International index fund ideas.

I am a fidelity customer and use FSGDX - Fidelity Global Ex US Index.

I think that would be a fine choice.
by bigred77
Tue Sep 19, 2017 11:29 am
Forum: Investing - Theory, News & General
Topic: Data-driven individual stock approach
Replies: 28
Views: 1515

Re: Data-driven individual stock approach

I've worked on wall st for 40 years, all in an around IT (I have an ms in cs). If it's a hobby, or you want to improve your IT skillset, great idea. But I don't think you're going to make money. Imagine this scenario: Ivy league educated portfolio/hedge managers paired with a team of talented (mit/...
by bigred77
Mon Sep 18, 2017 8:33 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on "entertainment"?
Replies: 50
Views: 3389

Re: How much do you spend on "entertainment"?

Luckily I am done (hopefully :D ) with the $100 plus bar tabs but I did that far longer than I'm proud of. Ubering/taxis and are a another addition. If there was dinner involved you can get up to $200 on a night out pretty easy. That's a lot when your mid 20s on an entry level salary. I was never in...
by bigred77
Mon Sep 18, 2017 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 25330

Re: Calling out the not so rich bogleheads

I can see how one gets the impression that this board is teeming with millionaires and huge income earners. Those groups are certainly over-represented many times over here (and it makes sense that they are; those are the ones with the most excess capital to deploy). It helps to just think of discus...
by bigred77
Mon Sep 18, 2017 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 25330

Re: Calling out the not so rich bogleheads

This has the effect of scaring away and/or creating resentment in a lot of people who are not close to being millionaires or even just plain wealthy with a healthy emergency cushion, say around 100K-200K saved @ age 35 or 40 . You can't get wrapped up in a number. Think about it like this (assuming...
by bigred77
Mon Sep 18, 2017 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Pocket money allowance for college student
Replies: 48
Views: 2675

Re: Pocket money allowance for college student

I'm about 10 years out of undergrad but my experience back then was:

If I had 20 bucks in my pocket, it was gone by the next Monday.
If I had 200 bucks in my pocket, it was gone by the next Monday.

I don't think I was alone among the 18-22 year old population. :D
by bigred77
Mon Sep 18, 2017 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Worth buying an excessive priced house?
Replies: 43
Views: 3998

Re: Worth buying an excessive house?

You haven't given specific details but it sounds like you can afford it.

If you can afford it, and want it, then buy it. That's what money is for.
by bigred77
Sat Sep 16, 2017 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 165
Views: 15436

Re: Let's talk about your FI # and family income

It was shown in another thread that folks who keep saving to reach $5MM may end up with less to spend and less time to spend it than folks who stopped saving earlier and started spending / traveling. I did start traveling a lot more with less saved, so I think it works. I 100% agree with this but m...
by bigred77
Sat Sep 16, 2017 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 165
Views: 15436

Re: Let's talk about your FI # and family income

Household income is about 185k My goal portfolio to consider myself FI is about $2M in today's dollars. My goal portfolio to retire is about $5M in today's dollars because I want to live pretty high on the hog once I stop working. If I hit 55 and am still working, I'll retire and make due with what...
by bigred77
Fri Sep 15, 2017 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 165
Views: 15436

Re: Let's talk about your FI # and family income

Household income is about 185k My goal portfolio to consider myself FI is about $2M in today's dollars. My goal portfolio to retire is about $5M in today's dollars because I want to live pretty high on the hog once I stop working. If I hit 55 and am still working, I'll retire and make due with what ...
by bigred77
Thu Sep 14, 2017 10:56 am
Forum: Investing - Theory, News & General
Topic: Bitcoin is dropping right now after a big Chinese exchange announces closure
Replies: 84
Views: 6617

Re: Bitcoin is dropping right now after a big Chinese exchange announces closure

I don't think it's the beginning of the end but it's a good reminder to bitcoin owners that those suckers are EXTREMELY volatile.
by bigred77
Thu Sep 14, 2017 10:38 am
Forum: Investing - Theory, News & General
Topic: Financial Page: REITs and International/Emerging Bonds
Replies: 25
Views: 2410

Re: Financial Page: REITs and International/Emerging Bonds

Non-US sovereign debt is a topic that I have had in the back of my mind but I kind of purposefully don't want to think about. I believe pretty strongly in global cap weighting in equities. I understand and believe in most of the arguments for global cap weighting in fixed income. I just don't really...
by bigred77
Thu Sep 14, 2017 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Having mortgage during retirement. Max retirement saving now
Replies: 19
Views: 1760

Re: Having mortgage during retirement. Max retirement saving now

While still working, the decision to accelerate mortgage payoff or throw extra funds into your portfolio is probably best viewed through the lens of "do I expect my portfolio to have a reasonable chance of outperforming the interest rate on the loan over my expected holding period, knowing I am taki...
by bigred77
Wed Sep 13, 2017 9:57 pm
Forum: Personal Consumer Issues
Topic: AT&T plan which offers global Unlimited data LTE (domestic and international) - thoughts?
Replies: 3
Views: 620

Re: AT&T plan which offers global Unlimited data LTE (domestic and international) - thoughts?

Seems like every year AT&T changes their international roaming plans. I'm not aware of the plan you mentioned but it probably doesn't make sense unless your traveling 50%+ of the time and have the need to keep your same US phone number. The plan I used from them this summer was basically pay 10 doll...