Search found 502 matches

by burt
Tue Mar 21, 2017 6:00 pm
Forum: Investing - Theory, News & General
Topic: Harvard endowment beats S&P 500 by 2% a year over last 40 years
Replies: 50
Views: 5902

Re: Harvard endowment beats S&P 500 by 2% a year over last 40 years

How do you explain that? Probably, taking more risk than the S&P 500 and making investments that are less liquid than the S&P 500. You would expect to be compensated for both. Investments that are appropriate for Harvard are probably not appropriate for me. Harvard does not plan to retire a...
by burt
Tue Mar 21, 2017 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 101
Views: 9484

Re: Early Retirement - what to do about healthcare?

Yup. We hear about long wait times in other countries while forgetting that in the United States some people get treated sooner, but others wait literally forever because they can't afford it. In my area you just wait because of appointment availability. I never had to wait more than a day in Belgi...
by burt
Sun Mar 19, 2017 5:41 pm
Forum: Personal Consumer Issues
Topic: moving from landscaper/snow plower to diy in retirement
Replies: 44
Views: 2855

Re: moving from landscaper/snow plower to diy in retirement

Recently retired and moved to a small house in the upper mid-west. I bought a self-propelled walking mower and a snow blower. Lawn may take 2 hours, snow removal may take 1-1/2 hours. I do it for exercise. I also like helping the neighbors when the snow is deep. I don't do this in one shot. I take b...
by burt
Sun Mar 19, 2017 5:18 pm
Forum: Personal Consumer Issues
Topic: moving from landscaper/snow plower to diy in retirement
Replies: 44
Views: 2855

Re: moving from landscaper/snow plower to diy in retirement

Retiring at 60, you should be interested in exercise, and mowing the lawn and plowing the driveway in fresh air is great exercise. Since you want to have exercise several times a week, you need to break up that yardwork and use a walk-behind mower for the lawn. But, I like yardwork for all those he...
by burt
Sun Mar 19, 2017 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Paying $20 to E-File State Return
Replies: 75
Views: 10664

Re:

It's crazy. The IRS has perfectly good wires going to it, and they manage to accept payments and send refunds over those wires, why can't they directly accept the returns themselves? Because the powerful software industry lobbied successfully to prevent the IRS (i.e. the federal government) from &q...
by burt
Sun Mar 19, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 101
Views: 9484

Re: Early Retirement - what to do about healthcare?

Regarding "USA having one of the longest life expediencies in the world." USA appears to be #31. https://en.wikipedia.org/wiki/List_of_countries_by_life_expectancy OK. That's the page I was looking at too, but I was looking at the graph at the top of the page. Not all countries are shown ...
by burt
Sat Mar 18, 2017 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 101
Views: 9484

Re: Early Retirement - what to do about healthcare?

The system cannot be fixed until medical "COSTS" are addressed. Our Medical System is broken. EVERY country in the world has cheaper health care than the US... by a significant margin. https://en.wikipedia.org/wiki/List_of_countries_by_total_health_expenditure_per_capita But this should b...
by burt
Thu Mar 16, 2017 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 101
Views: 9484

Re: Early Retirement - what to do about healthcare?

I could not have retired at age 60 without retiree health insurance provided by my employer (mega corp). This benefit could go away at anytime as decided by the employer. If that's the case, I will have to go back to work part time... just to pay for health insurance. The system cannot be fixed unti...
by burt
Fri Feb 24, 2017 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Check Your Beneficiaries!
Replies: 56
Views: 5415

Re: Check Your Beneficiaries!

For many people, the designation of beneficiaries might be more important than their will. It might control the disposition of larger, even much larger amounts of money. +1 "For many people, the designation of beneficiaries might be more important than their will." My investments are wort...
by burt
Sun Feb 19, 2017 6:49 am
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 10736

Re: Who would quit playing if they already won?

This is the most meaningless, and sad, phrase I hear on this website - as if people just spend their working lives, and their pastime, in the robotic accumulation of wealth, so they can quit their dreaded occupation, and investing once they "have theirs" Many I believe work and invest for...
by burt
Wed Feb 15, 2017 6:52 pm
Forum: Investing - Help with Personal Investments
Topic: Is it reasonable to have 100% in the stock market?
Replies: 58
Views: 5940

Re: Is it reasonable to have 100% in the stock market?

The bottom line, as you might gather, is that it is possible for it to be reasonable and also possible for it to be most unwise. You should be looking for a little more knowledge about what might happen and what makes sense for you. +1 Go 60/40 stock/bond. Forget maximizing return on investments (r...
by burt
Wed Feb 15, 2017 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: How & when to sell lots of a single stock with huge capital gains
Replies: 40
Views: 2754

Re: How & when to sell lots of a single stock with huge capital gains

Taxes are a fact of life. Even if they paid 30% in taxes, they are still up thousands of % from "pennies per share". True dat! I sold some VTSMX that I had since the mid-90s. It had a nice ride and I don't mind paying taxes on the capital gains. +1 I worked 40 years paying taxes on labor ...
by burt
Tue Feb 14, 2017 7:13 pm
Forum: Investing - Help with Personal Investments
Topic: How & when to sell lots of a single stock with huge capital gains
Replies: 40
Views: 2754

Re: How & when to sell lots of a single stock with huge capital gains

Taxes are a fact of life. Even if they paid 30% in taxes, they are still up thousands of % from "pennies per share". Hold it, give it away, pair some with losses, sell some and pay the tax, sell all and pay the tax. It is a good problem and paying some tax should not prevent them from mak...
by burt
Thu Feb 02, 2017 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Should I say YES or NO to this new job responsibility?
Replies: 44
Views: 3690

Re: Should I say YES or NO to this new job responsibility?

I have 3 hours a day min of commuting. Not too sympathetic to the "10-15 min extra commute time". Sounds like a petty complaint unless you already have a very long commute. Do what you can tolerate in terms of hours and locations, based on your ability and personal circumstances. But it s...
by burt
Sun Jan 29, 2017 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Investment property to help my family?
Replies: 23
Views: 1711

Re: Investment property to help my family?

Just give BIL $20,000 loan at 0% interest.
Do not ever expect this to be paid back and consider it a gift from day one.
You now have a great excuse for not lending(giving) more money in the future.

problem solved...forever.

burt
by burt
Sat Jan 28, 2017 7:37 am
Forum: Investing - Theory, News & General
Topic: Scott Burns is Signing Off -- He'll be missed
Replies: 25
Views: 6406

Re: Scott Burns is Signing Off -- He'll be missed

It was Scott Burns who got me started on index funds and diversification 18 years ago. He was the gateway to Vanguard, Bogleheads, and many of the investment books listed on the Boglehead reading list. I am convinced that if I hadn't discovered Scott Burns, most likely I would still be working and m...
by burt
Fri Jan 27, 2017 7:00 pm
Forum: Personal Consumer Issues
Topic: Concierge medicine Worth It????
Replies: 168
Views: 16110

Re: Concierge medicine Worth It????

Recently, after moving to a small mid-west town I started calling for a new primary care physician, who was willing to accept new patients. After 15 calls I finally found one who could see me.... 3 months later. The medical system is broken. burt Was this in general "no new patients" OR w...
by burt
Thu Jan 26, 2017 8:05 pm
Forum: Personal Consumer Issues
Topic: Concierge medicine Worth It????
Replies: 168
Views: 16110

Re: Concierge medicine Worth It????

Recently, after moving to a small mid-west town I started calling for a new primary care physician, who was willing to accept new patients.
After 15 calls I finally found one who could see me.... 3 months later.

The medical system is broken.


burt
by burt
Thu Jan 26, 2017 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford to stop working overtime?
Replies: 56
Views: 4526

Re: Can I afford to stop working overtime?

That income and you get paid overtime ?
Makes me feel bad for all the free overtime I worked over the past 40 years.

Overtime is a drug, and rehab may be necessary.

burt
by burt
Thu Jan 26, 2017 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone moved to another state for lower cost of living?
Replies: 56
Views: 6591

Re: Anyone moved to another state for lower cost of living?

Spent the first 50 years in small mid-west towns/cities. Spent the last 10 years in Houston for work. Retired last year and moved back to a small college town in the upper mid-west. Some general observations about living in a HCOL (big city) area: - Life is good if you are really loaded and can affo...
by burt
Tue Jan 24, 2017 6:19 pm
Forum: Investing - Help with Personal Investments
Topic: How to allocate 3-6 million in assets to achieve goals?
Replies: 72
Views: 7718

Re: How to allocate 3-6 million in assets to achieve goals?

OP, I'm probably in the minority of bogleheads who likes the concept of "buckets", or mental accounting, or even just putting funds in different accounts if they are to be used for specific purposes. I know many here don't subscribe to this idea but I admit to doing it myself. In your cas...
by burt
Mon Jan 23, 2017 5:52 pm
Forum: Investing - Theory, News & General
Topic: Tom Sossnof's derivative trades
Replies: 35
Views: 2010

Re: Tom Sossnof's derivative trades

Everybody thinks they are Michael Burry (The Big Short)... until they get hit.
(Paraphrased from Mike Tyson.)

burt
by burt
Mon Jan 23, 2017 5:35 pm
Forum: Investing - Theory, News & General
Topic: Tom Sossnof's derivative trades
Replies: 35
Views: 2010

Re: Tom Sossnof's derivative trades

- OTC and exchange-traded
- Common derivative contract
- Collateralized debt obligation
- Credit default swap
- Forwards
- Futures
- Mortgage-backed securities
- Options
- Swaps

After the 2008/2009 crash from which we have yet to recover.
Absolutely remarkable.

burt
by burt
Sun Jan 22, 2017 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Load up on cash - it might be one of your best investments
Replies: 53
Views: 9099

Re: Load up on cash - it might be one of your best investments

"The Great Depression: A Diary"
The diary of a young lawyer during the 1929 Great Depression.

I remember that the diary author remarked several times how he wished he had cash to take advantage of the extreme low prices for everything.

burt
by burt
Thu Jan 19, 2017 6:39 pm
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 16976

Re: "Millennials may need to double how much they save for retirement"

How does a human being spend $30 a day on coffee? Do they buy 10 cups then throw out the other 9? $30 sounds high but there are plenty of drinks at Starbucks that are over $5 with tax and I know several people who drink three a day. Just how overweight are they drinking that many calories per day? ...
by burt
Wed Jan 18, 2017 6:48 pm
Forum: Personal Consumer Issues
Topic: Biting the bullet and getting off the roof.
Replies: 41
Views: 5692

Re: Biting the bullet and getting off the roof.

My suggestion is to just hire someone each Fall, after the leaves come down. My guy charges $100 and is well worth it. This is what I do - every fall I pay a lawn guy to come out and de-leaf my lawn and gutters, and power wash the north side of my house which accumulates green stuff on the siding. ...
by burt
Tue Jan 17, 2017 7:03 pm
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 16976

Re: "Millennials may need to double how much they save for retirement"

But if you read the article closely you'll see that new graduates graduated with an average of $35,000 in debt. I read the article and looked up Mark Kantrowitz who gave that figure. I think we all know what Fake News is and need more than a quickie on MarketWatch to get our facts straight. I would...
by burt
Tue Jan 17, 2017 6:26 pm
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 16976

Re: "Millennials may need to double how much they save for retirement"

Wondering...

Are Millennials not saving enough or are they not making enough ?
(Wages have not kept pace with productivity since the 70's)

burt
by burt
Mon Jan 16, 2017 8:10 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 16976

Re: "Millennials may need to double how much they save for retirement"

It's hard to imagine an equivalent generational market trend that would distribute as much wealth into the pockets of millennials, but I admit it's possible. Maybe millennials will inherit more from their parents than the previous generation? Yes, I think they will, and I think it will become an in...
by burt
Mon Jan 16, 2017 7:16 am
Forum: Investing - Theory, News & General
Topic: Retired, expenses covered but still growing portfolio, why?
Replies: 46
Views: 4689

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

The stock market has been on a big bull run lately, so somebody who retired in the last 5-10 years has probably seen their portfolio grow even if they are taking distributions from it. But that trend can and eventually will reverse. If the market drops 20% this year and you're mostly in stocks, you...
by burt
Fri Jan 13, 2017 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Stay in paid-off starter house vs. dream house+work a few more years
Replies: 51
Views: 3257

Re: Stay in paid-off starter house vs. dream house+work a few more years

Think about income leveling.
Maintaining the same lifestyle in retirement as when working.
Sounds like you might be able to bump up your working lifestyle... unless you might want to retire at 50.

burt
by burt
Fri Jan 13, 2017 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Best Financial Moves You've Made
Replies: 141
Views: 17027

Re: Best Financial Moves You've Made

Got a physics PhD just as Nixon laid off 2000 from NASA in the early 1970s :oops: Best move was to join the oil industry! :mrgreen: Always lived well below our means, saving >30% of income. Next best move was to purchase 3 houses on different continents using 90% mortgages at age 31. Two worked out...
by burt
Thu Jan 12, 2017 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Best Financial Moves You've Made
Replies: 141
Views: 17027

Re: Best Financial Moves You've Made

primetime5 wrote:#1 Pay tithing .


That's a good one. "wink" :wink:

burt
by burt
Thu Jan 12, 2017 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Inquiring about family finances?
Replies: 46
Views: 4064

Re: Inquiring about familiy finances?

A highly compensated retiree from MegaCorp likely has the kind of generous pension that most people could only dream of. He will also be eligible for a high Social Security payment when the time comes. He very likely can maintain his pre-retirement spending level (which is different from drawing hi...
by burt
Thu Jan 12, 2017 4:59 pm
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 224
Views: 18267

Re: How Bad was 2008, really?

In case this hasn't been mentioned, seeing people getting laid off left and right made me really nervous about my job. +1 x 10 25% of my building was layed off. About 125 people. 125 families were impacted including children and spouses. Very, very sad. Many are now working... but far from being re...
by burt
Wed Jan 11, 2017 4:55 pm
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 224
Views: 18267

Re: How Bad was 2008, really?

Tell you the truth, I am not sure I would want to work for the company. Prior compensation is not germaine to present. I am not sure if it is germane or not. Most companies seem to use prior salary as a baseline so they know what to offer an applicant. On the other hand, I think I read a couple sta...
by burt
Mon Jan 09, 2017 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Best Financial Moves You've Made
Replies: 141
Views: 17027

Re: Best Financial Moves You've Made

#2. Buying a small home and staying put. Small home= small expenses. Ohhh how I wish I was able to do that. I would be "setting pretty" if I was living in my first house for the past 40 years. House would have been paid off at age 40. Job changes, lay offs, relocation's, are darn expensiv...
by burt
Sat Jan 07, 2017 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Anybody else Age - 10 in bonds, rest in stocks
Replies: 58
Views: 4067

Re: Anybody else Age - 10 in bonds, rest in stocks

Age +10 in bonds.
Recently retired and a bad "Sequence of Returns" freaks me out.

(The compound interest/inflation math works in reverse when withdrawing from assets).

burt
by burt
Fri Jan 06, 2017 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Experience selling car to Carmax?
Replies: 52
Views: 12132

Re: Experience selling car to Carmax?

Inframan4712 wrote:
sambb wrote:Have sold to Carmax. Good experience. Saves time. I like the process.


+1


Same here. Good experience. Headache car was gone and I had a check in my hand within 90 minutes. Uber took me back home.

burt
by burt
Wed Jan 04, 2017 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Difference between HCOL and LCOL [High and Low Cost of Living]
Replies: 35
Views: 3181

Re: Difference between HCOL and LCOL

Retired last year and moved to LCOL area.

- no traffic
- no crime
- no commute
- no noise
- housing 1/3 of HCOL
- I know my neighbors.
- lower stress
- more exercise. can walk anywhere.

Goodness, the cost of access to restaurants, sports, and maybe an opera.

burt
by burt
Wed Jan 04, 2017 5:39 pm
Forum: Investing - Theory, News & General
Topic: Champion of 401K Lament the Revolution they Started
Replies: 75
Views: 4781

Re: Champion of 401K Lament the Revolution they Started

Unfortunately the general public is very uneducated about investments. There is no problem with the 401k, there is a savings rate problem. The general public spends more time on vacation planning than financial planning. Mandatory savings similar to Australia may be the key. (Some will complain abo...
by burt
Tue Jan 03, 2017 7:38 pm
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 19542

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

tekenn wrote:I am a low volume poster from Canada.
I always go back to Jim Otar..Unveiling the Retirement Myth


I'm a big fan of Jim Otar.
I'm in the grey area and will most likely be purchasing a single premium immediate annuity as age approaches 65.

burt
by burt
Fri Dec 30, 2016 6:41 pm
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 19542

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

[/quote] Finally!! The most intelligent thoughts I think I've ever read on the "willingness, ability, and need" to take risk. Larry, thank you very much for such an instructive post. I am grateful for your contributions to this forum.[/quote] ++1 I reached my goal. I have enough. I have no...
by burt
Thu Dec 29, 2016 5:57 am
Forum: Investing - Theory, News & General
Topic: Remember what it was like before the recession?
Replies: 81
Views: 8379

Re: Remember what it was like before the recession?

What was it like before the recession ? From my experience the 80's and 90's were good. I had optimism (maybe due to youth). A layoff in 98 was easily handled with a new job within 4 weeks. We were happy. The 9/11/01 layoff was tough. Companies freaked and immediately stopped capital spending. I en...
by burt
Wed Dec 28, 2016 6:44 pm
Forum: Investing - Theory, News & General
Topic: Remember what it was like before the recession?
Replies: 81
Views: 8379

Re: Remember what it was like before the recession?

What was it like before the recession ? From my experience the 80's and 90's were good. I had optimism (maybe due to youth). A layoff in 98 was easily handled with a new job within 4 weeks. We were happy. The 9/11/01 layoff was tough. Companies freaked and immediately stopped capital spending. I end...
by burt
Sat Dec 17, 2016 7:15 pm
Forum: Personal Consumer Issues
Topic: Personal fulfillment in retirement
Replies: 37
Views: 5312

Re: Personal fulfillment in retirement

Fulfillment ?
Heck, I'm satisfied just to have the pain go away. Stress, headaches, relocation, layoffs, free OT, etc.
Reminds me of the young North Korean boy who escaped. He only experienced hunger his entire life.
Retirement is probably tougher for those who liked their jobs.

burt
by burt
Sat Dec 17, 2016 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Need Help: Drowning in Debt
Replies: 60
Views: 6169

Re: Need Help: Drowning in Debt

Making good money in a High Cost of Living area doesn't do much for future financial independence. It takes huge money to shield yourself from city problems such as traffic, crime, poor schools, and obscene real estate prices. (yes, the restaurants, and night life are excellent.) Just an observation...
by burt
Mon Dec 05, 2016 7:04 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement with $8M in investments
Replies: 164
Views: 19680

Re: Retirement with $8M in investments

Everything is relative. Spent most of my life in small towns in the mid-west. Decent income maybe in the top 20% and I felt fortunate. Moved to the big city at the end of my career and man....did I feel like a rube. I had no idea how many ways people could piss away money. Spending money was enterta...
by burt
Fri Nov 25, 2016 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on AA for the retired
Replies: 44
Views: 5358

Re: Thoughts on AA for the retired

Age 60 and 1 year into retirement.
30 stock/70 bond.
Modest savings for a modest lifestyle.
A bad sequence of returns in early retirement would result in painful years down the road.

burt
by burt
Fri Nov 25, 2016 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Help with son's 2055 Target fund vs my construct
Replies: 15
Views: 1374

Re: Help with son's 2055 Target fund vs my construct

livesoft wrote:My kids are invested in Target Retirement funds so that they don't have to think about it and neither do I.


Very Good.
I like your response and it gave me a chuckle.

burt

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