Search found 211 matches

by crake
Thu Feb 15, 2018 10:31 am
Forum: Investing - Theory, News & General
Topic: Can someone help me explain to my wife...?
Replies: 81
Views: 9452

Re: Can someone help me explain to my wife...?

Sell her half. Keep your half. Compare in 40 years. Enjoy the 'I told you so' :) +1. Her risk tolerance is valid. So is yours. Generally men explaining stuff to women doesn't end well. I don't think this a question of risk tolerance, rather it is a question of market timing. There is a fairly broad...
by crake
Tue Feb 06, 2018 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: sell and wait for further drop on Tax-Advantaged accounts?
Replies: 8
Views: 545

Re: sell and wait for further drop on Tax-Advantaged accounts?

Because you don't know that stocks will ever be lower than they are today.

If you can successfully time the market it is pretty silly not to do this in your taxable accounts as well just to avoid a small amount of taxes on potentially endless gains.
by crake
Tue Feb 06, 2018 12:17 pm
Forum: Investing - Theory, News & General
Topic: Keep your eye on the owner, not the dog
Replies: 31
Views: 4779

Re: Keep your eye on the owner, not the dog

Data mining stats of the day* After a 5% decline, the market reached an all-time high 100% of the time. After a 10% decline, the market reached an all-time high 100% of the time. After a 20% decline, the market reached an all-time high 100% of the time. After a 50% decline, the market reached an al...
by crake
Wed Jan 24, 2018 10:32 am
Forum: Investing - Help with Personal Investments
Topic: Leaving Financial Engines. Want to go heavy in international..
Replies: 15
Views: 981

Re: Leaving Financial Engines. Want to go heavy in international..

Hi, After adding up the long-term cost of FE .6% cost, I am planning on canceling their management very soon. Woo-hoo! Once my 401(k) reigns are back in my hands, I'm considering setting a heavy international allocation of new contributions based on current P/E ratio of US and International stocks ...
by crake
Wed Jan 10, 2018 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: 25 Year Old Retiring Extremely Early-Domestic Wellesley or Half Global, Half Domestic Wellesley Better for my Bonds?
Replies: 55
Views: 6833

Re: 25 Year Old Retiring Extremely Early-Domestic Wellesley or Half Global, Half Domestic Wellesley Better for my Bonds?

Why retire at age 25, only to "survive" with 25k/year, instead of working a few more years and retire to a more comfortable lifestyle ? I'm pretty sure everyone on BH would be able to retire right now if only they moved to Somalia, yet it would not be an advisable solution. $1M isn’t nearly enough ...
by crake
Wed Jan 10, 2018 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: 25 Year Old Retiring Extremely Early-Domestic Wellesley or Half Global, Half Domestic Wellesley Better for my Bonds?
Replies: 55
Views: 6833

Re: 25 Year Old Retiring Extremely Early-Domestic Wellesley or Half Global, Half Domestic Wellesley Better for my Bonds?

Why retire at age 25, only to "survive" with 25k/year, instead of working a few more years and retire to a more comfortable lifestyle ? I'm pretty sure everyone on BH would be able to retire right now if only they moved to Somalia, yet it would not be an advisable solution. $1M isn’t nearly enough ...
by crake
Mon Jan 08, 2018 12:20 pm
Forum: Personal Consumer Issues
Topic: Are Password Managers Really Necessary?
Replies: 129
Views: 7174

Re: Are Password Managers Really Necessary?

Reddit explains it better than I can. Okay - if Reddit says I'm safe I will surely believe it :) In "theory" the encryption algorithms and practices that password manager solutions provide is sound and perfectly secure. In practice we know otherwise. So your solution is just to use a method that is...
by crake
Mon Jan 08, 2018 11:59 am
Forum: Personal Consumer Issues
Topic: Are Password Managers Really Necessary?
Replies: 129
Views: 7174

Re: Are Password Managers Really Necessary?

Never had a pw manager that wasn't paper with coded info, and never will. When a hacker figures out how to break into a manager, they'll clean you out. My passwords are encrypted utilizing an AES-256 bit encryption algorithm. It is the same algorithm used by the government to store top secret infor...
by crake
Mon Jan 08, 2018 11:41 am
Forum: Personal Consumer Issues
Topic: Are Password Managers Really Necessary?
Replies: 129
Views: 7174

Re: Are Password Managers Really Necessary?

Yes. Absolutely. I have used password managers for over ten years. Absolutely cannot imagine not using one. How do you keep track of dozens (or in my case, > hundred) of credentials (username, password, answers to secret questions, account numbers) in a secure way? I'll answer your question with a ...
by crake
Mon Jan 08, 2018 11:27 am
Forum: Personal Consumer Issues
Topic: Are Password Managers Really Necessary?
Replies: 129
Views: 7174

Re: Are Password Managers Really Necessary?

Never had a pw manager that wasn't paper with coded info, and never will. When a hacker figures out how to break into a manager, they'll clean you out. My passwords are encrypted utilizing an AES-256 bit encryption algorithm. It is the same algorithm used by the government to store top secret infor...
by crake
Mon Jan 08, 2018 11:15 am
Forum: Personal Consumer Issues
Topic: Are Password Managers Really Necessary?
Replies: 129
Views: 7174

Re: Are Password Managers Really Necessary?

What is the alternative your friends are suggesting? Using the same password for every login is a horrible idea. Even if it is a strong password you are now relying on dozens of sites to keep that password secure. All it takes is one breach and the hackers will have the key to every single one of yo...
by crake
Tue Dec 19, 2017 4:58 pm
Forum: Investing - Theory, News & General
Topic: Who missed out on maximizing 401k?
Replies: 62
Views: 5787

Re: Who missed out on maximizing 401k?

Keep in mind that next year the limit will be 18500. Bump up your percentage now. The change might go through before the end of the year getting you that extra 20 and you'll be ready for next year.
by crake
Tue Dec 19, 2017 12:16 pm
Forum: Investing - Theory, News & General
Topic: On Podcasts, timing the market vs Boglehead way - Fear of Missing out
Replies: 16
Views: 1500

Re: On Podcasts, timing the market vs Boglehead way - Fear of Missing out

Fast forward to dinner last night, another friend (a neighbor) asked me how I did this year (financially). I said I dont really track my portfolio except on an semi annual basis. he asked why I am not trading stocks, how I was missing out on big gains and how he had an "awesome" year. Properly trac...
by crake
Fri Dec 15, 2017 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Changing companies and what to do w pretax retirement funds
Replies: 10
Views: 645

Re: Changing companies and what to do w pretax retirement funds

It depends on the options in the new 401k plan. My default recommendation would be to take the opportunity to role it into a TIRA so that you can invest in exactly the funds you want. However, when I was in a similar position I opted to role my balance into the new 401k because there were institutio...
by crake
Mon Nov 13, 2017 4:37 pm
Forum: Personal Consumer Issues
Topic: Buying a new smartphone as a surprise gift
Replies: 8
Views: 923

Re: Buying a new smartphone as a surprise gift

The easiest way would be to go to an apple store and buy one for $349. All the discounted Iphone's you see in stores or online are locked to a specific network and your friend would not be able to use it on Verizon. If you are willing to jump through some hoops you could probably find a way to get a...
by crake
Fri Nov 10, 2017 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Is using a Roth IRA for saving for a vacation in 10 years a good idea?
Replies: 11
Views: 1025

Re: Is using a Roth IRA for saving for a vacation in 10 years a good idea?

In the majority of cases using a Roth to invest in a one time splurge would not be advised but we do not have the OP's entire financial picture. The OP may not have been planning to use the Roth for funding retirement. Perhaps OP has a generous pension which will be funding retirement and the Roth s...
by crake
Wed Oct 18, 2017 3:11 pm
Forum: Personal Consumer Issues
Topic: Data Use on Smartphones
Replies: 37
Views: 2733

Re: Data Use on Smartphones

I can't imagine how anyone could get by on 100 mb per month on a smartphone, any smartphone, unless you turned off cellular data for all apps and services and only allowed it to download mail, messages, etc., when you were on wifi. Just routine mail, messages, and system services will use at least ...
by crake
Thu Sep 28, 2017 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Are we suckers for not pursuing Public Service Loan Forgiveness?
Replies: 18
Views: 2355

Re: Are we suckers for not pursuing Public Service Loan Forgiveness?

In my opinion you are thinking way to hard about this. Your fiance should do what she can now to minimize the amount of loans she takes out. When she graduates she should then apply to all jobs which interest her. After offers come in she should evaluate those jobs accounting for all factors, includ...
by crake
Thu Sep 28, 2017 11:52 am
Forum: Investing - Theory, News & General
Topic: Guy proves that Buy The Dip strategy works (via backtests) any rebuttals?
Replies: 65
Views: 7457

Re: Guy proves that Buy The Dip strategy works (via backtests) any rebuttals?

A couple of criticisms: I don't aim to beat the market, but I do aim to outperform the market in bear and flat markets on average. I don't have anything technical to comment on, but if someone makes a statement like this I don't tend to put much more weight into what they say afterwards. We'll defin...
by crake
Fri Aug 11, 2017 11:21 am
Forum: Investing - Help with Personal Investments
Topic: Home Ownership / Investing
Replies: 18
Views: 1175

Re: Home Ownership / Investing

i've always been good with saving - now i'm just finally making "adult money" and i'm torn on using my large cash reserve towards a down payment [like i've been told to do for most of my life - american dream and such) or "unwinding" my cash reserve into my taxable account - DCA'ing into total us/t...
by crake
Mon Aug 07, 2017 9:43 am
Forum: Personal Consumer Issues
Topic: Pool Pump/Filter Trouble Shooting
Replies: 8
Views: 729

Re: Pool Pump/Filter Trouble Shooting

Air in the skimmer basket is usually a sign of a suction side air leak. That means there is a leak which is letting air into the system somewhere on the intake side of the pump. If the leak was on the other side of the pump it would result in water squirting out instead of air being sucked in. My re...
by crake
Mon May 22, 2017 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Safe 5 percent ROI
Replies: 25
Views: 5259

Re: Safe 5 percent ROI

You can get an expected return of about 4% with some risk. If bonds return 2.5% (about their current yield; note that even this has some risk) and stocks return 8% (a guess at future returns), then a portfolio of 1/3 bonds and 2/3 stocks will earn 4.3%. That is also what Vanguard considers consiste...
by crake
Fri May 12, 2017 1:33 pm
Forum: Personal Consumer Issues
Topic: Beware Citibank Bonus Promotion
Replies: 39
Views: 7332

Re: Beware Citibank Bonus Promotion

Another data point for someone who had to use the CFPB to get a bonus from Citi. As soon as I opened the account I messaged Citi bank to get confirmation that I was signed up for the bonus. I received confirmation again after completing the requirements. After 60 more days and no bonus I called up a...
by crake
Mon Jan 30, 2017 10:49 am
Forum: Personal Consumer Issues
Topic: Please tell me if I can afford this Porsche
Replies: 81
Views: 6992

Re: Please tell me if I can afford this Porsche

I think sometimes folks find it hard to fathom the astounding cost of living differences that can exist within our country. We make about $1M, yes. Our actual after-tax take-home is more like $500K after Federal, California, real estate, and the 3.8% Obamacare surtax. The cheapest house for sale in...
by crake
Mon Jan 09, 2017 1:00 pm
Forum: Personal Consumer Issues
Topic: Optimum cable and 2nd modem?
Replies: 27
Views: 3503

Re: Optimum cable and 2nd modem?

Added the next tier internet service, so my DL speed is suppose to be 65 mbps at 5G. I am not sure what you mean by 5G. Are you referring to 5 GHZ wifi? A 65 mbps connection should be more than adequate for watching Netflix. An HD Netflix stream should be under 5 mbps. I am not sure what you hope t...
by crake
Mon Jan 09, 2017 11:00 am
Forum: Personal Consumer Issues
Topic: advice on camera repair for sony Rx 100
Replies: 11
Views: 1908

Re: advice on camera repair for sony Rx 100

First thing I would do is check if you bought it with a credit card. Every credit card I have extends manufacture warranties. If the original warranty was a year your credit card might extend it another year and you can get it replaced for free. If you did not buy it with a credit card I would not j...
by crake
Wed Dec 14, 2016 9:41 am
Forum: Investing - Theory, News & General
Topic: "Dow 36,000's" stock picks
Replies: 47
Views: 6842

Re: "Dow 36,000's" stock picks

No because as you point out it is quite risky to go with one stock. My point is that you could have picked 3 of the best known most widely held blue chip dividend stocks and absolutely crushed the market. I think if you do a little work and have a portfolio of 20 (ish) blue chip dividend stocks tha...
by crake
Wed Dec 14, 2016 9:26 am
Forum: Investing - Theory, News & General
Topic: "Dow 36,000's" stock picks
Replies: 47
Views: 6842

Re: "Dow 36,000's" stock picks

Great post, Nisiprius, that I missed back in 2012....just as I missed the greatest stock picks in 1999. That was close to when I shifted my investment strategy to index funds. Not a moment too soon. I am curious....if you look at all of the stocks that comprised the S+P 500 in 1999, I wonder how ma...
by crake
Mon Dec 12, 2016 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Forever stocks (and building your own index fund)
Replies: 62
Views: 6770

Re: Forever stocks (and building your own index fund)

While I held a few individual stocks in the 1980's and 1990's, I began a coherent portfolio of US Large Cap stocks around 2000. I held around 30-35 stocks. After around 10 years, I did a post-audit and determined that my returns were a whisker above the S&P500. My goal was identical to the index - ...
by crake
Mon Dec 12, 2016 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Forever stocks (and building your own index fund)
Replies: 62
Views: 6770

Re: Forever stocks (and building your own index fund)

I have seen these posts pop up every once in a while and really struggle to see the argument. Vanguard Total Stock Market Index fund hold 3630 different stocks and costs a meager .05% to own. That is only 500 dollars per year per million invested. Vanguard arguably has the worlds foremost experts on...
by crake
Wed Dec 07, 2016 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Trying to get a week on the beach with Credit Card Points -- Mariott Rewards Premier Credit Card(s) or other cards?
Replies: 15
Views: 1652

Re: Trying to get a week on the beach with Credit Card Points -- Mariott Rewards Premier Credit Card(s) or other cards?

Another thing to keep in mind is that when you book 4 nights with points you get the 5th free. 7 nights would only cost 240,000 points. You could use the rest of the points to upgrade your room. My wife and I did a similar strategy in 2015. I had to call customer service in order to get our points c...
by crake
Tue Nov 22, 2016 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Rush or Wait to Pay Student Loans
Replies: 19
Views: 2965

Re: Rush or Wait to Pay Student Loans

No way would I keep a student loan around like a pet and give it a name and food dish in order to get an additional $200 a month (whether taxable or not) from my employer. Student loans = risk. Who knows what will happen to your jobs - hopefully they go well, but no one can predict the future. When...
by crake
Tue Nov 22, 2016 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Rush or Wait to Pay Student Loans
Replies: 19
Views: 2965

Re: Rush or Wait to Pay Student Loans

Once you get it down to that point you might be able to make the minimum payments and save up the extra $32,000 in a "high interest" account that pays all of 1% so you might get an extra $320 a year, about $240 after taxes. That is about enough to go out for lunch once a month. To me the good feeli...
by crake
Tue Nov 22, 2016 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Rush or Wait to Pay Student Loans
Replies: 19
Views: 2965

Re: Rush or Wait to Pay Student Loans

I'm not one to give up free money and that is what your employer is giving you. Can you find some way to get the satisfaction of paying down the loans but still maximize your employers subsidy? For example, pay off the 20k and 23k loan. You would than have a 120 dollar monthly payment for the remain...
by crake
Mon Nov 21, 2016 12:52 pm
Forum: Personal Consumer Issues
Topic: When should I upgrade my wireless router? (RT-N56U)
Replies: 43
Views: 7407

Re: When should I upgrade my wireless router? (RT-N56U)

In my opinion a lot of people are vastly overspending on their routers. I recently purchased this router for 30 dollars on amazon: http://www.tp-link.com/en/products/details/cat-9_TL-WR940N.html I bought it to replace the exact same one which I bought 7 years ago for 30 dollars. Wireless technology ...
by crake
Tue Sep 13, 2016 8:48 am
Forum: Investing - Help with Personal Investments
Topic: How much saved at 30 to be "done saving"
Replies: 35
Views: 7355

Re: How much saved at 30 to be "done saving"

Crake, do you plan to be 100% S&P 500, forever? I'm not currently 100% S&P 500 and don't plan on ever being 100% S&P 500. I only used that as an example because we have the most data on it. The OP asked a hypothetical question and I provided a hypothetical answer. When trying to guess at returns 35...
by crake
Mon Sep 12, 2016 9:35 am
Forum: Investing - Help with Personal Investments
Topic: How much saved at 30 to be "done saving"
Replies: 35
Views: 7355

Re: How much saved at 30 to be "done saving"

S/(1+i)^n = P S is the final value of your investments. i is the assumed interest rate. n is the number of compounding periods p is the initial value of your investments For your example S would be 2.5 million, n would be 35 years, and i would be whatever you think a realistic real return in on your...
by crake
Thu Sep 08, 2016 4:26 pm
Forum: Personal Consumer Issues
Topic: Emergency SmartPhone for a 90+ year old
Replies: 41
Views: 3322

Re: Emergency SmartPhone for a 90+ year old

Another vote for a flip phone. Smartphones, especially cheap ones, unfortunately don't just work. They need to be charged often, they prompt you for updates, random notifications pop up telling you about things you couldn't care less about, they freeze and need to be restarted, etc. They are also no...
by crake
Thu Sep 08, 2016 10:05 am
Forum: Personal Consumer Issues
Topic: Confederate Money (where to sell)
Replies: 29
Views: 3061

Re: Confederate Money (where to sell)

Have you considered donating to a museum? This would entitle you to a tax deduction of the fair market value of the items and you'd also help in preserving a piece of history for future generations.
by crake
Wed Aug 24, 2016 10:04 am
Forum: Personal Consumer Issues
Topic: Car leases: not that expensive, after all, if you can't do maintenance yourself?
Replies: 32
Views: 4200

Re: Car leases: not that expensive, after all, if you can't do maintenance yourself?

Most times that I take my car portfolio to the dealership local Edward Jones representaive for service, I'm often told that part X is worn and needs replacing, part Y is broken, and part Z is about to break. This may or may not be true, but I have no way of knowing . Since I am not keen on the idea...
by crake
Wed Aug 03, 2016 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Help correcting my old investment mistakes
Replies: 23
Views: 1918

Re: Help correcting my old investment mistakes

I guess my question then is, "is it worth it to restructure?" Case, you need to provide more information if you want this question answered. People need to know how much capital gains you have and what your tax bracket is (fed and state). Once we know that we can determine what your tax burden woul...
by crake
Fri Jul 29, 2016 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Insure Home for less than replacement value
Replies: 15
Views: 1450

Insure Home for less than replacement value

Has anyone had any luck insuring your home for less than the replacement value the insurance companies calculate? I'm not sure if this is a common thing to want to do or if I am just crazy. In my case the replacement value for my home is coming in around 250k based on the insurance companies calcula...
by crake
Wed Jul 20, 2016 2:30 pm
Forum: Investing - Theory, News & General
Topic: Trying the Impossible - Financing 30-Year Retirements with 40-Year Careers
Replies: 70
Views: 11332

Re: Trying the Impossible - Financing 30-Year Retirements with 40-Year Careers

Excellent presentation, but there's an even simpler way to look at it, which is the paradigm of Arnott and Cascells, FAJ, 2003: Imagine a desert island with 4 inhabitants, each of who performs a separate, vital economic task (growing food, building shelter, repairing equipment, etc.). The medium of...
by crake
Tue Jun 28, 2016 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: Help me retire early! Ongoing Thread
Replies: 27
Views: 3710

Re: Help me retire early! Ongoing Thread

The details of retirement may be be complicated but the big picture view is simple. In order to retire you need to be able to generate more money from your investments then you spend. Therefore, to answer your question of "When and how can I retire" we need to know what your expenses will be in reti...
by crake
Tue Jun 28, 2016 1:58 pm
Forum: Personal Consumer Issues
Topic: My first smartphone
Replies: 17
Views: 2387

Re: My first smartphone

Bob, One thing I'd like to point out is just because you get a smart phone does not mean you have to get a large data plan. Smart phones all have a setting which you can use to toggle your data connection on and off. I just keep my data connection off the vast majority of the time and will only turn...
by crake
Wed Jun 22, 2016 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Will there ever be a better time to sell off my international stake?
Replies: 35
Views: 3906

Re: Will there ever be a better time to sell off my international stake?

I've mostly just been reading bogle and his thoughts about investing just domestically and I wanted to follow that pattern Definitely nothing wrong with this approach and you will probably be fine in the long run going 100% domestic. Personally, I see no reason to expect domestic to outperform inte...
by crake
Thu Jun 16, 2016 12:47 pm
Forum: Investing - Theory, News & General
Topic: Rationale for Dividend-seeking: Playing catch-up on opportunity lost?
Replies: 35
Views: 2059

Re: Rationale for Dividend-seeking: Playing catch-up on opportunity lost?

Maybe I didn't phrase it correctly - my rationale is that while the dividend funds don't provide greater returns, by having more shares wouldn't they provide more returns? Say everything was 7%, I'd want more total things that got 7%. I acknowledged that I didn't think it would be 8%. Same with spl...
by crake
Thu Jun 16, 2016 11:42 am
Forum: Investing - Theory, News & General
Topic: Rationale for Dividend-seeking: Playing catch-up on opportunity lost?
Replies: 35
Views: 2059

Re: Rationale for Dividend-seeking: Playing catch-up on opportunity lost?

I've read a lot of the theories on both sides of the camp on dividends. I understand the possibility that returns from dividend-paying stocks may be smaller than returns from the overall stock market during any given period. And I even understand the math behind the dividend payout not being the de...
by crake
Mon Jun 13, 2016 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Live the Good Life Today vs Save For a Better Life Tomorrow
Replies: 84
Views: 9229

Re: Live the Good Life Today vs Save For a Better Life Tomorrow

Consider two individuals making the same income. One spends every dime he earns, travels the world, lives on credit, never worries about tomorrow and lives a good portion of his adult life to the fullest and dies deep in debt. While another who has saved most of his life and forgone many experience...
by crake
Thu May 19, 2016 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: 27 y/o, need some career advice
Replies: 45
Views: 4007

Re: 27 y/o, need some career advice

Maybe you should stop working so hard and you won't be underpaid anymore.