Search found 326 matches

by davidsorensen32
Sat Jul 14, 2018 8:02 pm
Forum: Investing - Theory, News & General
Topic: Saving 20% of paycheck isn't enough
Replies: 111
Views: 12316

Re: Saving 20% of paycheck isn't enough

Forget about percentages and use actual numbers. For example : given $117,500 is government recognized lower income level in San Francisco Bay Area , you want a margin of error ie at least $150,000 per annum for living costs. Therefore when you get laid off at 50 you need $150,000 * (70 years - 50 y...
by davidsorensen32
Sat Jul 14, 2018 2:02 pm
Forum: Investing - Theory, News & General
Topic: Saving 20% of paycheck isn't enough
Replies: 111
Views: 12316

Re: Saving 20% of paycheck isn't enough

I want to have $600,000 by age 50, which will get me a 4% SWR of $24,000 or $2,000/month. With no mortgage (I also have to have the mortgage paid off before retirement), I should be able to get our expenses way under $2,000/month. I'm expecting something like (in 2018 dollars): $200 utilities, $200...
by davidsorensen32
Fri Jul 13, 2018 11:07 am
Forum: Investing - Theory, News & General
Topic: Saving 20% of paycheck isn't enough
Replies: 111
Views: 12316

Re: Saving 20% of paycheck isn't enough

Just Ignore it. Most people are laid off before 50 if not earlier and never get back to good jobs. Plan accordingly. Ladies and Gentlemen, Good Morning. After having been in deep thought last night after reviewing my finances, doing a couple math of checks and determining what percent of my paycheck...
by davidsorensen32
Mon Jul 09, 2018 12:53 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Gurus Had A Strong Half
Replies: 2
Views: 511

Re: Larry Swedroe: Gurus Had A Strong Half

In the short term the market is a voting machine. In the longer term it’s a weighing machine. -Buffett 3-4 years is a very short term The markets and the economy are quite complex, things always happen that you don't expect. I know that many of my expectations have not panned out. For example, I hav...
by davidsorensen32
Thu Jul 05, 2018 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: 10 years to lose wealth applicable to bogleheads ?
Replies: 32
Views: 3716

10 years to lose wealth applicable to bogleheads ?

* High-income earners have a hard time remaining at the top. *There is a huge difference between making lots of money and being rich. * Almost all of those who make it to the top 1% find themselves earning less within a decade. * A good way to remain cautious is to assume current financial situation...
by davidsorensen32
Thu Jul 05, 2018 9:12 am
Forum: Investing - Theory, News & General
Topic: Morningstar: prepare for a lost decade for U.S. stocks
Replies: 198
Views: 18068

Re: Morningstar: prepare for a lost decade for U.S. stocks

+1000000000
samsdad wrote:
Thu Jul 05, 2018 9:10 am
Oh thank God! I have been getting really tired of buying increasingly expensive US equities! Stay flat until I need to retire, then go through the roof!
by davidsorensen32
Thu Jul 05, 2018 9:12 am
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 185
Views: 18713

Re: The Power of Working Longer

For example, one of my retired friends can no longer drink coffee except once per week. And, he can no longer eat spicy foods. KlangFool There is an easy solution for this. Your friend just needs to increase his intake of alkaline foods to balance pH in his system. Google it. There are lots of peop...
by davidsorensen32
Thu Jul 05, 2018 9:06 am
Forum: Investing - Theory, News & General
Topic: Morningstar: prepare for a lost decade for U.S. stocks
Replies: 198
Views: 18068

Re: Morningstar: prepare for a lost decade for U.S. stocks

This is GREAT news for those of us who are to doomed to the salt mines during the next decade. We get to buy cheap stocks :sharebeer
by davidsorensen32
Wed Jul 04, 2018 10:28 pm
Forum: Investing - Theory, News & General
Topic: Emerging Markets in Bear Territory
Replies: 52
Views: 7137

Re: Emerging Markets in Bear Territory

I sold all my emerging last year after holding them for 20+ years. In the last couple years I travelled to a lot of them and experienced first hand corruption, lack of transparency and lack of rules thats conducive to investing. And do you think the market is unaware there's more corruption in emer...
by davidsorensen32
Wed Jul 04, 2018 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: What % of your equity is int’l?
Replies: 141
Views: 7712

Re: What % of your equity is int’l?

0%. No need for international "equities". US companies have enough exposure. And the corporate governance to go with it. After holding a separate slice of international for decades (and underperforming !) I sold all my international last year. My work required me to travel internationally and it was...
by davidsorensen32
Wed Jul 04, 2018 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: Expected returns for 80/20 stock bond for next 10 years.
Replies: 169
Views: 12092

Re: Expected returns for 80/20 stock bond for next 10 years.

+1

5% for next decade it is.
Rick Ferri wrote:
Tue Jul 03, 2018 9:11 am
I disagree that predicting 10 year returns is a random event. There is no randomness in a the expected return of a 10-year zero coupon bond. It is 2.87%. That’s an absolute number which all other expect returns can be derived by adding expected risk premiums.
by davidsorensen32
Wed Jul 04, 2018 9:19 pm
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 185
Views: 18713

Re: The Power of Working Longer

+10000000000000
KlangFool wrote:
Mon Jan 22, 2018 8:49 am
OP,

2 words response -> Age Discrimination.

For many folks, at a certain age, due to Age Discrimination, they are either unemployed or under-employed. So, working longer bring minimal extra income.

KlangFool
by davidsorensen32
Fri Jun 29, 2018 9:51 am
Forum: Investing - Theory, News & General
Topic: Emerging Markets in Bear Territory
Replies: 52
Views: 7137

Re: Emerging Markets in Bear Territory

I sold all my emerging last year after holding them for 20+ years. In the last couple years I travelled to a lot of them and experienced first hand corruption, lack of transparency and lack of rules thats conducive to investing. I became very pessimistic. I don’t believe in emerging anymore. In fact...
by davidsorensen32
Thu Jun 28, 2018 11:50 am
Forum: Personal Consumer Issues
Topic: Save on inflated mobile $$$ plans ?
Replies: 15
Views: 1202

Re: Save on inflated mobile $$$ plans ?

Thank you Thank you Thank you !!! Been a comcast customer for 20 years but didn't know they had this plan until now. Going to give them a try. Thanks everyone for their wonderful suggestions. If you have Comcast internet, check out Xfinity mobile, which runs on the Verizon network. Cost will depend ...
by davidsorensen32
Thu Jun 28, 2018 2:11 am
Forum: Personal Consumer Issues
Topic: Save on inflated mobile $$$ plans ?
Replies: 15
Views: 1202

Save on inflated mobile $$$ plans ?

Situation: I pay $120-$130 a month for my family mobile phone plan with 2 phone lines with one of the large US legacy carriers. The plan has unlimited data, 400 min of talk time and no sms. Now the issue is that these prices are inflated because they have an inbuilt subsidy for new devices which I n...
by davidsorensen32
Tue Jun 26, 2018 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 20685

Re: Can you retire on $2M?

TL;DR yes you can retire on $2M. BILLIONS of people worldwide do it. Many live healthy happy lives well into their 90s or 100s. I personally know at least a dozen people who retired in mid 40s with about your level of assets. You DO NOT need $4M or $5M. Retirement math is actually shockingly simple....
by davidsorensen32
Mon Jun 25, 2018 12:17 pm
Forum: Personal Consumer Issues
Topic: Best time to travel to Iceland?
Replies: 22
Views: 2806

Re: Best time to travel to Iceland?

I have also wanted to visit Iceland, not to hijack this thread, but are there cruise tours that circle the coastal cities of Iceland? Was thinking of a cost comparison between the cost of cruising (food, room and transportation all in) vs. making arrangements for a land based visit. Yes absolutely ...
by davidsorensen32
Mon Jun 25, 2018 12:19 am
Forum: Personal Consumer Issues
Topic: Best time to travel to Iceland?
Replies: 22
Views: 2806

Re: Best time to travel to Iceland?

The best time to visit is summer. The cheapest time to visit is winter. If you're flexible you can do a summer trip cheaper than a winter trip. The biggest expenses for any trip are airfare, accommodation, food and automobile. Just rent a camper van (their version of our RV) and drive around the co...
by davidsorensen32
Sun Jun 24, 2018 10:38 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1326
Views: 104027

Re: To take or not to take delivery of Tesla 3

I was going to suggest the same ! You beat me to it. Come back and let us know how much %% return you got :sharebeer
alfaspider wrote:
Thu Sep 07, 2017 10:56 am
Even if you don't want it, it may make sense to buy it and flip it. Given the constrained supply, I wouldn't be surprised if people will pay over sticker to have one right away.
by davidsorensen32
Sun Jun 24, 2018 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 20685

Re: Can you retire on $2M?

+10000000000 Why would anyone want to "retire" at age 40? What possibly would you do with all that time (that doesn't cost a lot of money)? I would challenge you why not? What is so fun about working? I can only think of a few things so exciting that I would be thrilled to get paid for them and work...
by davidsorensen32
Sun Jun 24, 2018 8:52 pm
Forum: Personal Consumer Issues
Topic: Best time to travel to Iceland?
Replies: 22
Views: 2806

Re: Best time to travel to Iceland?

June or July is the best time to travel to Iceland. I just got back from Iceland and here are some money savings tips: http://www.livejumpjoy.com/2018/06/25/iceland-logistics/ . Amazing country. Probably the last place on earth with clean air and water. You should really be going in Winter for two t...
by davidsorensen32
Wed May 30, 2018 11:01 am
Forum: Personal Consumer Issues
Topic: Car with best smell, pollution and noise insulation
Replies: 24
Views: 1979

Car with best smell, pollution and noise insulation

Hello Bogleheads, I live in a place with one of the nations highest particulate matter index. The causes of pollution are many - massive freeways close to where I live, constant big rig traffic, frequent dead skunks on roadways, inert neighbors burning wood grilled bbq willy nilly despite spare the ...
by davidsorensen32
Fri May 18, 2018 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2716
Views: 532708

Re: What's Your Credit Card Rewards Strategy?

So if I get 120,000 points (100k with bonus and 20k through spending) it will be only worth 2 x (20,000 + 5,000) = 50,000 miles ? Doesn't sound very good. Chase Ink still offers 80k just with the bonus and its transferable 1:1 to lots of airlines. I think I'm going to pass on the Marriott card just ...
by davidsorensen32
Fri May 18, 2018 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2716
Views: 532708

Re: What's Your Credit Card Rewards Strategy?

Hey guys, got a 100k point offer from Marriott in the mail other other day. worth it ? Can I transfer these points to airlines ?
by davidsorensen32
Thu Apr 12, 2018 12:22 am
Forum: Personal Consumer Issues
Topic: Mid-40s in tech - how to pass off as acceptably young
Replies: 111
Views: 10925

Re: Mid-40s in tech - how to pass off as acceptably young

I’m in the same boat as you are and have realized that the ONLY solution to this problem is strict anti age discrimination legislation. Let me know if you want to start a crowdfunding page. Hi All, I find myself back in the job market a year after I started my current role. I am 46 and in a business...
by davidsorensen32
Mon Apr 09, 2018 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Handling ageism in tech
Replies: 56
Views: 4877

Re: Handling ageism in tech

Ageism is rife in tech. Every single corporation I’ve been part of actively practice it every year. It’s a brutal hunger games like process to cull out the herd. Top performers are made redundant at a moments notice and kicked out just because they are on the wrong side of 40. The only way out is to...
by davidsorensen32
Tue Apr 03, 2018 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-
Replies: 136
Views: 11337

Re: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-

I get whipped mercilessly for suggesting that we can save ~$70K, and these guys get a free pass. Why ?
by davidsorensen32
Fri Mar 30, 2018 11:25 am
Forum: Investing - Theory, News & General
Topic: KF Annual Expense Based Personal Finance Strategy
Replies: 149
Views: 7149

Re: KF Annual Expense Based Personal Finance Strategy

Make it 3/3. Even In my simple math I came to a very close number. I really like it ! $2M it is. Adjust upwards for higher spending. But $2M is minimum for FI. Now let’s stop the endless analysis paralysis. Hold on a second there! Are you implying that a Boglehead can NOT have 200K expenses? Why is ...
by davidsorensen32
Wed Mar 28, 2018 7:22 pm
Forum: Local Chapters and Bogleheads Community
Topic: A lot of heavy hitters this morning
Replies: 244
Views: 20138

Re: A lot of heavy hitters this morning

Ok. I apologize. I did not intend to demoralize rather illustrate that you don’t need to be a doctor or a google employee to make it FI. Slow and steady savings gets you there. Lots of $100,000 jobs around. As long as husband and spouse makes $100,000 each it should be doable. Only 5 percent of hou...
by davidsorensen32
Wed Mar 28, 2018 4:05 pm
Forum: Local Chapters and Bogleheads Community
Topic: A lot of heavy hitters this morning
Replies: 244
Views: 20138

Re: A lot of heavy hitters this morning

Ok. I apologize. I did not intend to demoralize rather illustrate that you don’t need to be a doctor or a google employee to make it FI. Slow and steady savings gets you there. Lots of $100,000 jobs around. As long as husband and spouse makes $100,000 each it should be doable. Don’t feel demoralized...
by davidsorensen32
Wed Mar 28, 2018 3:17 pm
Forum: Local Chapters and Bogleheads Community
Topic: A lot of heavy hitters this morning
Replies: 244
Views: 20138

Re: A lot of heavy hitters this morning

Don’t feel demoralized. Look at it this way - if husband and wife work for even just 20 years and just save normally, they would save Husband 401(k) = 18,500 Husband match = 6,000 Wife 401(k) = 18,500 Wife match = 6,000 2x Backdoor Roth = 11,000 529 = 6,000 (say only $500 per month) HSA = 6,900 Tota...
by davidsorensen32
Wed Mar 28, 2018 10:14 am
Forum: Investing - Theory, News & General
Topic: KF Annual Expense Based Personal Finance Strategy
Replies: 149
Views: 7149

Re: KF Annual Expense Based Personal Finance Strategy

Awesome post. Thank you KF for shining light through a lot of mumbo jumbo. This is what I’m aiming for as well. Age 40. Annual expenses=$100,000. Number is $3M. Don’t own a house. So rent is included in my personal expense. Not there yet and with unemployment it’s getting harder to reach it. But I’l...
by davidsorensen32
Fri Mar 23, 2018 11:00 am
Forum: Investing - Theory, News & General
Topic: Working till retirement is not a great plan
Replies: 175
Views: 14493

Re: Working till retirement is not a great plan

10. Start a gofundme page and raise $1M and sue the corporations that practice such discrimination. We just need 1 big victory against a big corporation and establish solid precedence for the others to stop doing this. The complete lack of protest from the victims has emboldened corporation to pract...
by davidsorensen32
Thu Mar 22, 2018 8:33 pm
Forum: Investing - Theory, News & General
Topic: Working till retirement is not a great plan
Replies: 175
Views: 14493

Re: Working till retirement is not a great plan

Great thread ! I’m in the middle of exactly this. I have one question - why don’t people band together sue companies and force a rule ? Why do people give up their rights for a few months of severance ???? These are educated white collar workers. We gotta be able to unite and do something about this...
by davidsorensen32
Wed Mar 07, 2018 1:08 am
Forum: Investing - Theory, News & General
Topic: Does Anyone Invest In Berkshire Hathaway Instead Of Index Funds?
Replies: 72
Views: 10748

Re: Does Anyone Invest In Berkshire Hathaway Instead Of Index Funds?

I do. So do many others. Berkshire Hathaway A has only a few thousand owners and they are typically held forever and never taxed - not on dividends and not on capital gains because when the owners pass away, their inheritors get it on step up basis. With Index Funds you get both the good and the bad...
by davidsorensen32
Fri Feb 23, 2018 12:06 am
Forum: Personal Consumer Issues
Topic: $20,000 question - Galapagos or Serengeti safari ?
Replies: 29
Views: 3763

Re: $20,000 question - Galapagos or Serengeti safari ?

This one is $4500 per night !!!! :oops: My $20K vacation just became a $60k vacation. Lifestyle inflation at its peak. Need to work for 1 year just to afford this vacation. But THANKS! this does look truly upscale. Maybe someday. Per everyone's recommendation we are definitely leaning towards Sereng...
by davidsorensen32
Thu Feb 22, 2018 9:35 pm
Forum: Personal Consumer Issues
Topic: $20,000 question - Galapagos or Serengeti safari ?
Replies: 29
Views: 3763

Re: $20,000 question - Galapagos or Serengeti safari ?

Wow, those are some solid suggestions. Please keep them coming.
by davidsorensen32
Wed Feb 21, 2018 1:18 pm
Forum: Personal Consumer Issues
Topic: $20,000 question - Galapagos or Serengeti safari ?
Replies: 29
Views: 3763

Re: $20,000 question - Galapagos or Serengeti safari ?

When did you go ? I've done both and while the Galapagos are cool, we did a Kenya / Tanzania safari and it was the trip of a lifetime. As part of the Galapagos trip we also did Peru including Machu Picchu which to me was equally as impressive as Galapagos so I would encourage you to include it as pa...
by davidsorensen32
Wed Feb 21, 2018 12:21 pm
Forum: Personal Consumer Issues
Topic: $20,000 question - Galapagos or Serengeti safari ?
Replies: 29
Views: 3763

$20,000 question - Galapagos or Serengeti safari ?

Bogleheads, need your expert opinions - family wants to go see wild animals in 2019. Family gets what family wants. Both trips roughly cost out to be the same all in for our family size. Did research on the top tours available at both places - not seeking luxury - but more utilitarian and value for ...
by davidsorensen32
Wed Feb 21, 2018 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: How am I really doing for retirement savings?
Replies: 45
Views: 4927

Re: How am I really doing for retirement savings?

Keep going. Maximize all pre tax and tax deferred savings each year. Once you lose it, its gone forever. We're looking at our budgets carefully right now. With two growing kids, we're finding that our budget is tighter today than it was a few years ago, when we had 1 little kid, which then felt tigh...
by davidsorensen32
Wed Feb 21, 2018 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for some help and fast (buying vs renting, net worth)
Replies: 52
Views: 3895

Re: Looking for some help and fast (buying vs renting, net worth)

True. He may also value jumping off a 1,000 ft cliff or go skinny diving with great white sharks. Scratch FI, make those priorities then. Goal should be FI, not house ownership. It is very presumptuous for anyone to tell the OP what his/her goals should be. He may value home ownership more than FI.
by davidsorensen32
Wed Feb 21, 2018 11:56 am
Forum: Personal Consumer Issues
Topic: Seeing Yellowstone National Park
Replies: 24
Views: 2409

Re: Seeing Yellowstone National Park

Like this --> https://i.imgur.com/ikx1yUX.jpg ... or get that dream photograph - the reflection of a rising or setting sun in a buffalo's eye (catchment light ?) You mean sort of like this? https://i.imgur.com/PxqRUPH.jpg That's part of a larger photo which cannot be posted due to size. https://i.im...
by davidsorensen32
Wed Feb 21, 2018 11:51 am
Forum: Personal Consumer Issues
Topic: frustrated with patek philippe poor service
Replies: 29
Views: 2761

Re: frustrated with patek philippe poor service

I had very similar experience as you. At the end I sold the watch and donated the proceeds to charity. Solved 2 problems at once and I feel so much more happier than when I had the PP. What would you do? I have a vintage gold patek with very strong sentimental value, given to me. It works alright (a...
by davidsorensen32
Tue Feb 20, 2018 7:52 pm
Forum: Investing - Theory, News & General
Topic: Anyone using Optum Bank for HSA?
Replies: 29
Views: 5133

Re: Anyone using Optum Bank for HSA?

Absolutely horrible customer service. I cannot invest my contributions into VG funds !!!!! I've been dialing them for 3 weeks in a row. Every time I have to explain for 45 minutes and they say they open a case and to come back within 2-3 business days which I do and lo and behold nothing has changed...
by davidsorensen32
Tue Feb 20, 2018 7:47 pm
Forum: Investing - Theory, News & General
Topic: Staying Motivated: How do you ward off hopelessness?
Replies: 59
Views: 7602

Re: Staying Motivated: How do you ward off hopelessness?

If you're in a state where its legal, then I highly highly recommend marijuana. Its fantastic. Bogleheads....A question for this group. How do you deal with 'flagging motivation', or a sense that your financial goal is insurmountable, and cannot be achieved? Or dealing with the feeling that no matte...
by davidsorensen32
Mon Feb 19, 2018 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: What has been your most important skill in achieving financial independence?
Replies: 164
Views: 12127

Re: What has been your most important skill in achieving financial independence?

Staying the course. Single most important thing you can do.

Now in order to stay the course you need to do a few things

* Be employed
* Have enough liquidity for multi-year unemployment (especially as you age)
* Prioritize FI
* Stay healthy
* Don't get divorced
* Don't panic.
by davidsorensen32
Mon Feb 19, 2018 5:24 pm
Forum: Personal Consumer Issues
Topic: Bogleheads with $100K+ MSRP cars?
Replies: 113
Views: 13746

Re: Bogleheads with $100K+ MSRP cars?

Hummer H2. $78,000 for the car and $22,900 per year in gasoline costs. 8 MPG and have a 80 mile round trip to work + trips with the family
by davidsorensen32
Mon Feb 19, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Looking for some help and fast (buying vs renting, net worth)
Replies: 52
Views: 3895

Re: Looking for some help and fast (buying vs renting, net worth)

I second KF. Goal should be FI, not house ownership. Try to move to a rent-controlled apartment if you're worried about housing costs. What equity? How much do you lose by not investing the down payment? How much do you lose by mortgage interest? Klangfool So are you against homeownership? Or do you...
by davidsorensen32
Mon Feb 19, 2018 11:31 am
Forum: Personal Finance (Not Investing)
Topic: I think we can swing this! ($1M retirement home)
Replies: 27
Views: 3581

Re: I think we can swing this! ($1M retirement home)

Go for it ! YOLO We are downsizing in a HCOL area. We have found a home that fits us perfectly that I think we can afford and wanted a sanity check. DH: 66 yo (Retired) DW: 72 yo (Retired) Home Particulars New Home Price: $1.1M Current Home Net Equity Out: ~$400K Down Payment: $700K (cash out of tax...
by davidsorensen32
Mon Feb 19, 2018 11:25 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 483
Views: 43622

Re: What frugal thing did you do today?

WASTED 3 HOURS at Costco optical and saved $200. Absolutely horrendous customer service - nice but completely ignorant service girl who knew nothing about how to deal with insurance reimbursements. And nothing about which lens would be supported with which frames. No guidance either. We ended up tri...