Search found 169 matches

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: 61
Views: 7739

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: 3068

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 ...
by crake
Tue Jun 28, 2016 1:58 pm
Forum: Personal Consumer Issues
Topic: My first smartphone
Replies: 17
Views: 2032

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: 3197

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: 1360

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: 1360

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: 7474

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: 42
Views: 2562

Re: 27 y/o, need some career advice

Maybe you should stop working so hard and you won't be underpaid anymore.
by crake
Thu May 19, 2016 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: 15 vs 30 yr mortgage
Replies: 123
Views: 14565

Re: 15 vs 30 yr mortgage

For instance, if you run an amortization schedule for $100,000 on a 30 year at 3.5% and look at the first 5 years, you pay total interest in the first 5 years in the amount of $16,639.82. P&I payment is $449.04. If you borrowed the same amount for 15 years at 2.99%, the total interest paid in f...
by crake
Thu May 19, 2016 9:32 am
Forum: Personal Finance (Not Investing)
Topic: 15 vs 30 yr mortgage
Replies: 123
Views: 14565

Re: 15 vs 30 yr mortgage

The 3.35% I got is fixed, I'm young and I'm not staying in this house more than 7-8 years Max so it does no good for me to prepay principle. I've heard this argument before but I am not sure I understand it. Why should the amount of time you are living in the house factor in to the term of your mor...
by crake
Mon May 16, 2016 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Do you respond to linkedin recruiters? (Engineer)
Replies: 32
Views: 2894

Re: Do you respond to linkedin recruiters? (Engineer)

Follow up question. If I currently live in one state but I am looking for employment elsewhere, is there a good way to signal this on a linkedin profile? We can assume I'm not concerned with this information being public.
by crake
Mon May 16, 2016 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Do you respond to linkedin recruiters? (Engineer)
Replies: 32
Views: 2894

Re: Do you respond to linkedin recruiters? (Engineer)

I'm glad that I asked this question. It seems some of these messages may be more legitimate then I gave them credit for. If nothing else it will be a good reason to polish up the resume and practice my networking/interviewing skills. It has been a while.
by crake
Mon May 16, 2016 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Do you respond to linkedin recruiters? (Engineer)
Replies: 32
Views: 2894

Do you respond to linkedin recruiters? (Engineer)

For the past couple years I've been getting messages from recruiters on linkedin about various non specific job opportunities. I receive at least one of these every other week. My profile on linkedin is fairly sparse, it only lists my education, the companies I've worked for, a brief description of ...
by crake
Fri May 13, 2016 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: helping a couple near retirement catch up
Replies: 18
Views: 1968

Re: helping a couple near retirement catch up

Your question is impossible to answer without understanding what their expenses are. That is the first step and potentially the biggest problem. Given that they are 71 and 62, don't have any Real Estate Equity, and only have 61k in retirement accounts, it seems like they probably spend a decent amou...
by crake
Wed Apr 20, 2016 10:45 am
Forum: Personal Consumer Issues
Topic: "Network Saturation" with Optimum Router [overloaded FIOS wifi?]
Replies: 16
Views: 1388

Re: "Network Saturation" with Optimum Router [overloaded FIOS wifi?]

To figure out how saturated the signals in your house are you can use an app such as this https://play.google.com/store/apps/details?id=com.farproc.wifi.analyzer&hl=en It lets you see what spectrum all wi-fi signals are occupying in your apartment. As far as I know there is no iphone equivalent ...
by crake
Thu Mar 17, 2016 10:37 am
Forum: Investing - Help with Personal Investments
Topic: locking in my losses
Replies: 18
Views: 1843

Re: locking in my losses

The notion of locking in losses by selling an investment is a cognitive distortion. From what I can tell this notion is based on two assumptions. The funds that have gone down are more likely to go back up, and you haven't lost money until you've sold. The second assumption is also not true. The mo...
by crake
Wed Mar 16, 2016 9:04 am
Forum: Investing - Help with Personal Investments
Topic: locking in my losses
Replies: 18
Views: 1843

Re: locking in my losses

The notion of locking in losses by selling an investment is a cognitive distortion. From what I can tell this notion is based on two assumptions. The funds that have gone down are more likely to go back up, and you haven't lost money until you've sold. The first assumption is not true. Funds that ha...
by crake
Wed Feb 10, 2016 11:17 am
Forum: Personal Consumer Issues
Topic: Wife just got a VM from a debt collector [Voice Mail]
Replies: 44
Views: 4735

Re: Wife just got a VM from a debt collector

A couple of years back a debt collection agency mailed me a letter for a debt which I did not owe. I sent them a letter stating I dispute the debt and they need to provide proof that I owe the debt within 30 days or stop contacting me. They stopped contacting me. I sent the letter certified mail and...
by crake
Tue Jan 12, 2016 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Saving for the future vs you only live once
Replies: 72
Views: 8838

Re: Saving for the future vs you only live once

First max your retirement accounts, then spend on things that bring you the most happiness, then save whatever is left in taxable accounts. If you really stop and think about that middle step you'll probably have plenty leftover to save. +1 Save what you are 'supposed' to, and then feel free to blo...
by crake
Mon Nov 23, 2015 3:48 pm
Forum: Investing - Theory, News & General
Topic: Implications of "One Hasn't Lost if One Hasn't Sold"
Replies: 98
Views: 6799

Re: Implications of "One Hasn't Lost if One Hasn't Sold"

Getting back to what I said, if you don't push "sell" it's quite irrelevant. John, Hypothetical situation. A company exists which does not employee anyone, manufacture anything, or perform any other functions which a normal company might participate in. All this company has is 100 million...
by crake
Mon Nov 23, 2015 2:10 pm
Forum: Investing - Theory, News & General
Topic: Implications of "One Hasn't Lost if One Hasn't Sold"
Replies: 98
Views: 6799

Re: Implications of "One Hasn't Lost if One Hasn't Sold"

Firm believer that you haven't lost anything until it's sold just as you haven't gained anything until it's sold. This goes for ANYTHING I don't know how that statement can be anything other than a cognitive distortion. Consider the illogical conclusions of the following two scenarios. Scenario 1: ...
by crake
Mon Nov 23, 2015 12:55 pm
Forum: Investing - Theory, News & General
Topic: Implications of "One Hasn't Lost if One Hasn't Sold"
Replies: 98
Views: 6799

Re: Implications of "One Hasn't Lost if One Hasn't Sold"

My point of view is a change of value is a change of money in its unit of account sense, but not in its medium of exchange or store of value senses. Am I off base? I may be misreading this but I am not sure that it is true. My interpretation of what you are saying is if a stocks price changes it do...
by crake
Mon Nov 23, 2015 12:45 pm
Forum: Investing - Theory, News & General
Topic: Implications of "One Hasn't Lost if One Hasn't Sold"
Replies: 98
Views: 6799

Re: Implications of "One Hasn't Lost if One Hasn't Sold"

Firm believer that you haven't lost anything until it's sold just as you haven't gained anything until it's sold. This goes for ANYTHING I don't know how that statement can be anything other than a cognitive distortion. Consider the illogical conclusions of the following two scenarios. Scenario 1: ...
by crake
Mon Nov 23, 2015 10:16 am
Forum: Investing - Theory, News & General
Topic: Implications of "One Hasn't Lost if One Hasn't Sold"
Replies: 98
Views: 6799

Re: Implications of "One Hasn't Lost if One Hasn't Sold"

Firm believer that you haven't lost anything until it's sold just as you haven't gained anything until it's sold. This goes for ANYTHING I don't know how that statement can be anything other than a cognitive distortion. Consider the illogical conclusions of the following two scenarios. Scenario 1: ...
by crake
Tue Nov 17, 2015 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: What was your eureka! Boglehead moment?
Replies: 86
Views: 8229

Re: What was your eureka! Boglehead moment?

I started my first job in 2010 and I had a 401k with fidelity. Around this time I had also just read the Millionaire Next Door and The Richest Man In Babylon so I understood and bought into the ideas of saving and living below your means, however, I knew very little about investing. Not knowing any ...
by crake
Mon Nov 16, 2015 4:25 pm
Forum: Personal Consumer Issues
Topic: First smartphone recommendations
Replies: 28
Views: 3441

Re: First smartphone recommendations

I've tried out a number of different MVNO's so I can relate some of my experience. I would strongly encourage you to stay away from tracfone based on the following experience. To port my number to tracfone and get a phone activated took approximately 7 days and 8 hours of time with their horrible cu...
by crake
Mon Oct 26, 2015 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Should I take a hardship withdrawal?
Replies: 17
Views: 2235

Re: Should I take a hardship withdrawal?

Hard to make a recommendation without more info. Withdrawing from your 401k should be a last resort option. Before I did that I would tighten my belt as much as possible(no extraneous expenses at all), work any overtime I can, and even try to find a part time job. 75k shouldn't be an impossible amou...
by crake
Fri Oct 23, 2015 9:15 am
Forum: Personal Finance (Not Investing)
Topic: More advice for BigLaw Survivor, please?
Replies: 111
Views: 10119

Re: More advice for BigLaw Survivor, please?

The one thing that jumps out at me from the analysis is that it doesn't appear to take into account the condo rental; it only mentions the basement rental. The condo currently generates $30k a year in revenue, or $24k after expenses (assuming I pay off the mortgage). I saw this after I posted my la...
by crake
Fri Oct 23, 2015 9:08 am
Forum: Personal Finance (Not Investing)
Topic: More advice for BigLaw Survivor, please?
Replies: 111
Views: 10119

Re: More advice for BigLaw Survivor, please?

On the condo rental, at least from my perspective, it's an entirely different story. Not only is it appreciating nicely while enjoying a positive cash flow, I don't consider it a "450k" investment because I only put 10 percent down when I bought it (I paid 375, putting down only 37.5k). A...
by crake
Wed Oct 21, 2015 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: More advice for BigLaw Survivor, please?
Replies: 111
Views: 10119

Re: More advice for BigLaw Survivor, please?

Congrats on getting out and amassing a sizable net worth! A net worth of 4.8m should be more than enough to retire comfortably. My only word of caution is to make sure you have a good understanding of what your expenses are. Given the description of your career I would assume you were making at leas...
by crake
Wed Oct 21, 2015 11:03 am
Forum: Personal Consumer Issues
Topic: Smartphone for pictures
Replies: 28
Views: 2182

Re: Smartphone for pictures

This might or might not resonate with OP (or other responders), but I am more than satisfied with my Verizon Smartphone (Cost < $20) for spur-of-the-moment photos. I don't have a plan with this phone and use it strictly as a tablet when I am in WiFi zones (which includes my home, of course). Edited...
by crake
Wed Oct 21, 2015 10:38 am
Forum: Personal Consumer Issues
Topic: Smartphone for pictures
Replies: 28
Views: 2182

Re: Smartphone for pictures

Reading the above posts makes me think there has been a lot of hedonic adaptation in peoples expectations of picture quality in the last 5-10 years. I bought my first digital camera 7-8 years ago. It was a highly rated 7MP Pentax. It took excellent pictures, many of which I was able to frame and han...
by crake
Fri Oct 16, 2015 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Just when i get my strategy together, I stumble on this article..Roth's suck?
Replies: 48
Views: 7331

Re: Just when i get my strategy together, I stumble on this article..Roth's suck?

Given current tax law it is most likely true that traditional accounts are favorable to Roth accounts for most investors. However, I do not know what my future income will be, what my future expenses will be, or what future tax laws will be. As a result I choose to be diversified in my taxable accou...
by crake
Thu Oct 15, 2015 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: to only buy in a correction vs. DCA
Replies: 6
Views: 555

Re: to only buy in a correction vs. DCA

On average the market goes up more often than it goes down. As a result, on average, the longer you wait to invest your money the lower your returns will be.
by crake
Fri Oct 09, 2015 8:32 am
Forum: Investing - Help with Personal Investments
Topic: How to maintain target allocation across multiple accounts?
Replies: 8
Views: 701

Re: How to maintain target allocation across multiple accounts?

Between my wife and I we have a 401k account, a 457b account, a taxable account, and and two Roth IRA's. These accounts are spread across three institutions. Our goal is to maintain a three fund portfolio with a 60/30/10 (Domestic, Int, Bond) AA. To add further complications the 457b account only ha...
by crake
Sun Sep 20, 2015 4:33 pm
Forum: Personal Consumer Issues
Topic: Anyone use pre paid cell phone planns???
Replies: 27
Views: 2771

Re: Anyone use pre paid cell phone planns???

I was with page plus for about 3 years and had great customer service and support. About 3 months ago I found out about a tracfone plan that would actually better fit my usage pattern. To port my number to tracfone and get a phone activated took approximately 7 days and 8 hours of time with their ho...
by crake
Tue Sep 15, 2015 10:08 am
Forum: Investing - Help with Personal Investments
Topic: Potential Flaw in Index funds??
Replies: 30
Views: 3983

Re: Potential Flaw in Index funds??

They did the obligatory slide of seeing how this technique would have worked from 1990-2015 and tactical weighting gave annualized returns of 11.3%/yr vs 10.0% S&P 500. I wouldn't trust anybody that tried those tactics on me. It is very easy to formulate a a successful strategy based on market ...
by crake
Mon Sep 14, 2015 1:16 pm
Forum: Investing - Theory, News & General
Topic: To Buy or Not to Buy the Dividend
Replies: 25
Views: 2366

Re: To Buy or Not to Buy the Dividend

To those analyzing my post, I appreciate the critical feedback, however, I was just trying to find a coy way of stating "It doesn't matter." I don't think one should base investing decisions on whether or not they will have to pay an additional 10 dollars in taxes or potentially earn an ad...
by crake
Mon Sep 14, 2015 1:09 pm
Forum: Personal Consumer Issues
Topic: Lighted Vanity Mirror (LED)–Good idea?
Replies: 12
Views: 1095

Re: Lighted Vanity Mirror (LED)–Good idea?

I am hesitant about any integrated lighting/electronic elements in what should be permanent fixtures. I would not want to have to replace a 700 dollar vanity mirror because a couple of cent electronic component in it failed. My recommendation if you don't want an overhead light would be sconces to e...
by crake
Mon Sep 14, 2015 12:00 pm
Forum: Investing - Theory, News & General
Topic: To Buy or Not to Buy the Dividend
Replies: 25
Views: 2366

Re: To Buy or Not to Buy the Dividend

It appears that Vanguard Total Stock Market has a yield of approximately 2%. Divide that by 4 for the quarterly dividend and you get .5%. .5% of $13k is $65. In the 25% tax bracket you will pay 15% in taxes on those 65 dollars for a total of $9.75. If you delay your purchase by 9 days you are missin...
by crake
Tue Aug 25, 2015 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity 90-day rule and TLH
Replies: 8
Views: 953

Re: Fidelity 90-day rule and TLH

I would not pay a 0.5% fee to TLH. Just wait another 10-20 days. Most likely the market will not fully recover by then anyway. Avi I agree with AviN. What your proposing sounds like people proclaiming that mortgage interest is a good thing because you can deduct it from your taxes. It doesn't makes...
by crake
Mon Aug 24, 2015 10:40 am
Forum: Investing - Help with Personal Investments
Topic: help with tax loss harvest total international
Replies: 7
Views: 702

Re: help with tax loss harvest total international

TheGipper wrote:
First set dividends to settlement fund.


Why is this step necessary? Once I sell the old fund I shouldn't continue to get dividends from it, correct?
by crake
Mon Aug 24, 2015 10:30 am
Forum: Investing - Help with Personal Investments
Topic: help with tax loss harvest total international
Replies: 7
Views: 702

Re: help with tax loss harvest total international

Thanks for that link Livesoft. I am planning on tax loss harvesting Vanguard Total Int (VTIAX) as well. My plan was to go to Vanguard All World EX-US (VFWAX). What I wasn't entirely clear on was whether it is acceptable to also buy Vanguard Emerging Markets (VEMAX) to properly approximate (VTIAX). W...
by crake
Fri Aug 14, 2015 8:34 am
Forum: Investing - Theory, News & General
Topic: Getting over the hurdle - Two statements conflict
Replies: 30
Views: 2100

Re: Getting over the hurdle - Two statements conflict

These two statements conflict: No one knows the future while history has shown there to be bull and bear cycles. You could say the same thing about a coin flip. No one knows the future while history has shown there to be heads or tails. Do you think that statement conflicts? Just because you know t...
by crake
Thu Jun 18, 2015 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: [Maryland] 1st Time Home Buyer, Suggestions?
Replies: 15
Views: 2637

Re: [Maryland] 1st Time Home Buyer, Suggestions?

I don't view my primary residence as an investment. I value a short commute, but as a consultant-type employee I don't always know which site I'll be positioned at I'm not married, and don't see myself having kids in the near future. I just feel like it's less maintenance and I'm not a DIY guy at a...
by crake
Thu Jun 11, 2015 12:44 pm
Forum: Personal Consumer Issues
Topic: flip phone vs smartphone
Replies: 35
Views: 6411

Re: flip phone vs smartphone

The key with the Tracfone plan will be it will be a plan where you are rewarded for not using your phone. I call it a plan of "scarcity". Especially the data part. You won't be able to use your GPS for very long to soak up 200 mb of data. So you will be rewarded for not using your GPS. At...
by crake
Thu Jun 11, 2015 11:40 am
Forum: Personal Consumer Issues
Topic: flip phone vs smartphone
Replies: 35
Views: 6411

Re: flip phone vs smartphone

I am finally making the switch over to a smart phone. I have been using a Verizon MVNO Pageplus for the past 3 years and have been very happy with the service. I am reluctant to switch out of Verizon because ultimately my phone is meant to call people therefore service trumps all. Up until recently ...
by crake
Fri Apr 24, 2015 10:28 am
Forum: Investing - Theory, News & General
Topic: International Stock Poll: Emerging vs Developed Ratio
Replies: 55
Views: 4353

Re: International Stock Poll: Emerging vs Developed Ratio

I hold in proportion to their market cap weight which I believe is 80/20 DM/EM. I would just hold entirely Vanguard total international but my 401k only offers the Spartan Total International which does not include EM. I added an EM fund to my IRA to compensate.
by crake
Tue Apr 21, 2015 2:05 pm
Forum: Personal Consumer Issues
Topic: Broken Oxygen Sensor on Car
Replies: 43
Views: 4081

Re: Broken Oxygen Sensor on Car

If the car is still under warranty this should be covered. I would fight it. If you don't want to do that an independent mechanic should be able to fix it for under 200 dollars. The dealership is screwing you on the warranty and then screwing you even more on the repair bill. Unless you purposefully...
by crake
Fri Mar 27, 2015 12:59 pm
Forum: Investing - Theory, News & General
Topic: CRR Boston College: "Why I Dropped My Financial Adviser"
Replies: 21
Views: 2845

Re: CRR Boston College: "Why I Dropped My Financial Adviser

I think there is a desperate need for financial planners for the mass affluent (with <1M AUM in assets) market. However, I cannot think of a business model that can provide affordable and reasonably priced service in this market segment, and yet allow financial planners to make a decent living. So ...

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