Search found 1620 matches

by knpstr
Thu Jul 27, 2017 2:00 pm
Forum: Investing - Theory, News & General
Topic: Living Off Dividends
Replies: 60
Views: 5569

Re: Living Off Dividends

No. Bonds would not be necessary.
by knpstr
Tue Jul 25, 2017 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Pay yourself first.
Replies: 43
Views: 3581

Re: Pay yourself first.

Keepcalm wrote:Do you take a cut out of each paycheck/income source or...


Yes, this is what you do.
You do it before you budget your other expenses as to always be saving for yourself.
Hence, "pay yourself first"
by knpstr
Tue Jul 25, 2017 7:41 am
Forum: Personal Consumer Issues
Topic: Anyone else extremely frugal?
Replies: 100
Views: 7715

Re: Anyone else extremely frugal?

you can't say generally speaking..that is just your preference. Some would argue that getting into and driving a nice car every day trumps a 2 week vacation once a year. I can and I did. Also travelling is not my preference. Beyond that, what I wrote was not based upon my own opinion. I read it som...
by knpstr
Mon Jul 24, 2017 11:57 am
Forum: Personal Consumer Issues
Topic: Anyone else extremely frugal?
Replies: 100
Views: 7715

Re: Anyone else extremely frugal?

I always get the sense here that: Travel=money well spent; Cars=Money wasted. While people say (from the thread) "There are many different ways to be frugal depending on ones values", it manifests itself in the specific message about cars and travel. Is this a value judgement that one cho...
by knpstr
Mon Jul 24, 2017 8:20 am
Forum: Personal Consumer Issues
Topic: Anyone else extremely frugal?
Replies: 100
Views: 7715

Re: Anyone else extremely frugal?

There is a line there where frugality can turn into cheapness or miserliness, which can affect ones life negatively. This is very true. Like the old man that left millions of dollars to family when he died. But he drove around in a 20 yr old car, and dressed like a homeless person. That person beco...
by knpstr
Mon Jul 24, 2017 7:23 am
Forum: Personal Consumer Issues
Topic: Anyone else extremely frugal?
Replies: 100
Views: 7715

Re: Anyone else extremely frugal?

I like to think myself as frugal.
Though I don't know that I'd say I'm extremely frugal.

There is a line there where frugality can turn into cheapness or miserliness, which can affect ones life negatively.
by knpstr
Thu Jul 20, 2017 7:34 am
Forum: Personal Consumer Issues
Topic: My favorite CNBC program
Replies: 32
Views: 3248

Re: My favorite CNBC program

Jay Leno's Garage. I watch that occasionally but on his own YouTube channel, not on TV.
by knpstr
Tue Jul 18, 2017 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Investment advice for $4 million - can I do all stocks?
Replies: 72
Views: 5666

Re: Investment advice for $4 million - can I do all stocks?

It depends on your withdrawal rate but yes, 100% stocks or perhaps the 90/10 Buffett portfolio would work for you. In the long run, the #1 greatest risk is inflation, not volatility! So contrary to popular belief bonds, not stocks, are the riskier asset class long term. You have a VERY long investme...
by knpstr
Sat Jul 08, 2017 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Financial check up/Am I ready to buy a house?
Replies: 12
Views: 855

Re: Financial check up/Am I ready to buy a house?

How much do you think you can afford monthly in your budget? With 20% down your monthly expenses of mortgage,tax,insurance will be much more than your current rent, not even considering maintenance/repairs,utilities. Generally speaking you want your mortgage payments to be less than 25% of your take...
by knpstr
Fri Jul 07, 2017 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Balance sheet is not balancing..
Replies: 7
Views: 509

Re: Balance sheet is not balancing..

Yes, the balance on the liabilities side is equity aka net worth
by knpstr
Wed Jul 05, 2017 6:37 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Value v. Growth Investor Characteristics
Replies: 25
Views: 1735

Re: Larry Swedroe: Value v. Growth Investor Characteristics

I have a theory that Random Walker "Dave" is actually Larry Swedroe. LOL!!! No, I don't think so. Dave is much more diplomatic. He is just linking to Larry's articles, it used to be that Larry would post links to his own articles. For old times sake, I will do this for you. Knpstr, you do...
by knpstr
Wed Jul 05, 2017 5:33 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Value v. Growth Investor Characteristics
Replies: 25
Views: 1735

Re: Larry Swedroe: Value v. Growth Investor Characteristics

I have a theory that Random Walker "Dave" is actually Larry Swedroe.
by knpstr
Wed Jul 05, 2017 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Can we/should we afford a $2M house?
Replies: 93
Views: 12311

Re: Can we/should we afford a $2M house?

I'd take $100K in cash and pay off my student loans. I am putting in more and more. Just paid off $25K, so now the balance is about $75K. I will likely pay this off prior to getting the home. Even more reason to pay it off in full tomorrow. Then you can use the otherwise "extra payments" ...
by knpstr
Wed Jul 05, 2017 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Can we/should we afford a $2M house?
Replies: 93
Views: 12311

Re: Can we/should we afford a $2M house?

I'd take $100K in cash and pay off my student loans.
by knpstr
Tue Jul 04, 2017 6:08 pm
Forum: Investing - Theory, News & General
Topic: 100% stocks no debt?
Replies: 56
Views: 4218

Re: 100% stocks no debt?

Some like higher Sharpe ratios, some like higher returns. But that's too bad, you'd be getting a better return if you were just invested in stocks and weren't "waiting for the next crash". I like my powder in the cannons firing away. Why do I need better returns if my financial goals are ...
by knpstr
Tue Jul 04, 2017 5:16 pm
Forum: Investing - Theory, News & General
Topic: 100% stocks no debt?
Replies: 56
Views: 4218

Re: 100% stocks no debt?

Why would we call a portfolio with 50 grand in cash 100% stocks? That 50 grand would be a significant percentage of the average 35 year old's portfolio. To be fair, I don't think this person is the "average 35 year old" with $50,000 in cash and a $350,000+ paid for house Maybe the hypothe...
by knpstr
Tue Jul 04, 2017 5:14 pm
Forum: Investing - Theory, News & General
Topic: 100% stocks no debt?
Replies: 56
Views: 4218

Re: 100% stocks no debt?

Yes, you would want to be 100% stocks in that fantastic position, with near 3 year emergency fund. I have a paid off mortgage, and enough savings to cover 4-5 years of living expenses, but I'm still not 100% stocks because I prefer to have a higher Sharpe ratio and to have some dry powder to buy st...
by knpstr
Tue Jul 04, 2017 9:01 am
Forum: Investing - Theory, News & General
Topic: 100% stocks no debt?
Replies: 56
Views: 4218

Re: 100% stocks no debt?

whodidntante wrote:Why would we call a portfolio with 50 grand in cash 100% stocks? That 50 grand would be a significant percentage of the average 35 year old's portfolio.


To be fair, I don't think this person is the "average 35 year old" with $50,000 in cash and a $350,000+ paid for house
by knpstr
Mon Jul 03, 2017 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: All Weather Portfolio
Replies: 9
Views: 845

Re: All Weather Portfolio

Over the long term, the 2.4% difference would be quite large. Why not just realize that volatility is part of the game and try for the 11.9% (not that history will repeat)? Over 30 years at those rates investing $18,000 per year the difference is $1,800,000 more dollars for the 11.9% portfolio. EDIT...
by knpstr
Mon Jul 03, 2017 4:48 pm
Forum: Investing - Theory, News & General
Topic: 100% stocks no debt?
Replies: 56
Views: 4218

Re: 100% stocks no debt?

Yes, you would want to be 100% stocks in that fantastic position, with near 3 year emergency fund.
by knpstr
Mon Jul 03, 2017 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Stress Testing Plans: How much stress?
Replies: 34
Views: 2411

Re: Stress Testing Plans: How much stress?

Monte Carlo simulations also can help one understand the broad range of possible outcomes. Monte Carlo simulations are rather dependent on their inputs. One obvious risk of investing is that we don't really know what a reasonable set of future returns might be. We therefore place a lot of reliance ...
by knpstr
Mon Jul 03, 2017 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Stress Testing Plans: How much stress?
Replies: 34
Views: 2411

Re: Stress Testing Plans: How much stress?

"Leveling" means that I come up with a plan that provides essentially flat income in real terms from the day I retire early... ...Over time, that portion I set aside to bridge the gap reduces to zero, the various defined benefits kick in, and my income stays flat in real terms. This is wh...
by knpstr
Sun Jul 02, 2017 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Student loan payoff vs emergency fund or continue investing
Replies: 20
Views: 1732

Re: Student loan payoff vs emergency fund or continue investing

Bob's not my name wrote:Investment income is subject to a number of taxes for an investor in this bracket. Therefore, repaying the loan is like an investment with a guaranteed 10% return.


Thanks Bob.
by knpstr
Sun Jul 02, 2017 9:05 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1400
Views: 247268

Re: What are you up YTD? [Year To Date]

5.7% Just to make sure I did it correctly: I took the value as of 6/30/17 and subtracting the value as of 1/1/17. The difference x 100 divided by the value at 6/30/17. Should be "The difference x 100 divided by the value at 1/1/17 " Just be sure to not count any contributions as "gai...
by knpstr
Sat Jul 01, 2017 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Stress Testing Plans: How much stress?
Replies: 34
Views: 2411

Re: Stress Testing Plans: How much stress?

If I retire at 60, and take SS at 70 without leveling my income, that's ten years of reduced income -- and the ten years I'm most likely to be able to use the money . Why not take SS at 62 if you are worried about taking the money during "the ten years I'm most likely to be able to use the mon...
by knpstr
Sat Jul 01, 2017 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Stress Testing Plans: How much stress?
Replies: 34
Views: 2411

Re: Stress Testing Plans: How much stress?

I don't know what you mean. If you need $50,000/yr to live and you have $1,666,667 nest egg allowing for 3% withdrawal of $50,000 what difference does S.S. (or the potential S.S.) make? Of course you take it when you can, but it is superfluous when your other assets provide for everything you need....
by knpstr
Fri Jun 30, 2017 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Stress Testing Plans: How much stress?
Replies: 34
Views: 2411

Re: Stress Testing Plans: How much stress?

If in early retirement you won't be getting social security (yet anyway) so anything that happens with it is moot, if you can already survive without it. Yes, but I would try to make up for that up-front by bridging the difference. I also would want to be able to rationally discuss choices with my ...
by knpstr
Fri Jun 30, 2017 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Stress Testing Plans: How much stress?
Replies: 34
Views: 2411

Re: Stress Testing Plans: How much stress?

For early retirement (greater than 30 years, anticipated) I account for stress by using 3% WR For a normal retirement (30 years or less, anticipated) a 4% WR should be sufficient. If in early retirement you won't be getting social security (yet anyway) so anything that happens with it is moot, if yo...
by knpstr
Fri Jun 30, 2017 6:46 am
Forum: Investing - Theory, News & General
Topic: The Index fund fallacy - what we lost sight of!!
Replies: 55
Views: 6614

Re: The Index fund fallacy - what we lost sight of!!

dcarste wrote: ...forgetting that you are not just investing in some arbitrary "index fund", you ARE BUY THE COMPANIES WITHIN THE INDEX.


I'm well aware that I throw my lot in with the U.S. economy when I invest in the Total Stock Market fund.
by knpstr
Thu Jun 29, 2017 2:36 pm
Forum: Investing - Theory, News & General
Topic: Vanguard upgraded my accounts - angry [Brokerage Services]
Replies: 146
Views: 14721

Re: Vanguard upgraded my accounts - angry

What a silly thing to be angry about. This is not silly. Why would anyone want to give up feature(s) he/she is comfortable with and uses often for features they don't care about? If you are on the brink of "cursing someone out" over such a thing, that is very silly in my view. Vanguard ma...
by knpstr
Thu Jun 29, 2017 11:57 am
Forum: Investing - Theory, News & General
Topic: Vanguard upgraded my accounts - angry [Brokerage Services]
Replies: 146
Views: 14721

Re: Vanguard upgraded my accounts - angry

What a silly thing to be angry about.
by knpstr
Thu Jun 29, 2017 9:15 am
Forum: Investing - Help with Personal Investments
Topic: Can I retire now?
Replies: 10
Views: 1892

Re: Can I retire now?

Presuming you can get to your retirement assets before you're 59, this is how I see it: You have enough to sustain about $65,400 per year in spending starting at such a young age. I don't know how flexible your budget numbers are but you have a $34,600 per year (or $1,153,333 nest egg size) shortfal...
by knpstr
Thu Jun 29, 2017 8:02 am
Forum: Investing - Theory, News & General
Topic: Time in the market is more important, But seriously ?
Replies: 60
Views: 7368

Re: Time in the market is more important, But seriously ?

I'm curious, how do you know it's a peak?
by knpstr
Tue Jun 27, 2017 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Tipping floor subcontractors?
Replies: 12
Views: 807

Re: Tipping floor subcontractors?

It's not necessary.
They all agreed upon a price beforehand.

(I will accept tips for my comments if you found them helpful)
by knpstr
Tue Jun 27, 2017 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Payment to Dr's office
Replies: 11
Views: 1082

Re: Payment to Dr's office

I typically get my bill in the mail about 1 month after a visit. The claim will be on the insurance website the next day after a visit.
by knpstr
Tue Jun 27, 2017 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Middle age job blues
Replies: 86
Views: 8583

Re: Middle age job blues

PM a user named Klangfool.
This is what he loves talking about.
by knpstr
Tue Jun 27, 2017 3:39 pm
Forum: Personal Consumer Issues
Topic: Pet insurance
Replies: 10
Views: 761

Re: Pet insurance

Don't get it.
by knpstr
Tue Jun 27, 2017 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: Where to stash cash for a car?
Replies: 5
Views: 818

Re: Where to stash cash for a car?

You could put the cash in the market, considering a car is not likely to be a time sensitive purchase. Meaning you could delay a purchase a number of years to accommodate market swings if need be.

It would not be a bad idea to simply use a savings account or bond fund.
by knpstr
Tue Jun 27, 2017 8:10 am
Forum: Personal Consumer Issues
Topic: swimming goggles
Replies: 29
Views: 2048

Re: swimming goggles

I don't think any goggle can guarantee no water leakage. It is all about fit. My wife just got me some "speedo" brand goggles this year and they have not leaked one drop of water, yet. But I do not have any of the eye concerns you have. Perhaps if you have such eye troubles, it wouldn't be...
by knpstr
Mon Jun 26, 2017 2:43 pm
Forum: Personal Consumer Issues
Topic: Anyone else getting priced out of Volvo market?
Replies: 19
Views: 1810

Re: Anyone else getting priced out of Volvo market?

Luxury vehicles are expensive.
I don't know my vehicle history, but perhaps Volvo wasn't always a "luxury" brand, which is what they are now or trying to be anyway.
by knpstr
Sat Jun 24, 2017 6:57 am
Forum: Investing - Help with Personal Investments
Topic: Crazy(?) Adviser Advice: "I don't believe in bonds"
Replies: 49
Views: 5231

Re: Crazy(?) Adviser Advice: "I don't believe in bonds"

Messner8000 wrote:...said that if i was willing/able to ride out the bear markets without selling, I was better off being 100% in equities. Is this true?


Yes.
Well of course it isn't guaranteed, but it's likely from a historical view.
by knpstr
Thu Jun 22, 2017 9:02 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard restricts my account due to mail?
Replies: 41
Views: 3008

Re: Vanguard restricts my account due to mail?

Yet, we never hear about this sort of thing happening with Fidelity...... Just sayin! :D I'm sure nothing like this has ever happened before in history. Edit: Quick Google search "I am a 79 year retired old school teacher and I have never been so frustrated with a company. It seems that Fideli...
by knpstr
Wed Jun 21, 2017 10:05 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard restricts my account due to mail?
Replies: 41
Views: 3008

Re: Vanguard restricts my account due to mail?

Why not call them and correct it? Mistakes happen in every mega large company every day. I have had to correct billing errors from Comcast for the past 3 years that happen about every 6 months. You're comparing Vanguard to Comcast (a.k.a. the monopolistic "Evil Empire")? Really? Yeah, all...
by knpstr
Wed Jun 21, 2017 9:58 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard restricts my account due to mail?
Replies: 41
Views: 3008

Re: Vanguard restricts my account due to mail?

Why not call them and correct it? Mistakes happen in every mega large company every day. Yet, we never hear about this sort of thing happening with Fidelity...... Just sayin! :D ...nor Schwab...! :D I'm sure nothing like this has ever happened before in history. Edit: Quick Google search "I am...
by knpstr
Wed Jun 21, 2017 7:33 pm
Forum: Personal Consumer Issues
Topic: Google Fi? pros/cons? anyone using it?
Replies: 53
Views: 4390

Re: Google Fi? pros/cons? anyone using it?

Google Fi is awesome. Get it.
by knpstr
Wed Jun 21, 2017 7:20 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard restricts my account due to mail?
Replies: 41
Views: 3008

Re: Vanguard restricts my account due to mail?

Why not call them and correct it?
Mistakes happen in every mega large company every day.

I have had to correct billing errors from Comcast for the past 3 years that happen about every 6 months.
by knpstr
Wed Jun 21, 2017 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: WWYD? Cash in Investment to Pay Off Mortgage Question
Replies: 50
Views: 2402

Re: WWYD? Cash in Investment to Pay Off Mortgage Question

I agree it's a question of optimization. Do we follow the math and take a risk that this Fidelity investment looses value? Or do we cash it out in anticipation of a market adjustment in the very near future? I wouldn't attack the question as a means of market timing, read: cashing out and paying of...
by knpstr
Wed Jun 21, 2017 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: WWYD? Cash in Investment to Pay Off Mortgage Question
Replies: 50
Views: 2402

Re: WWYD? Cash in Investment to Pay Off Mortgage Question

jimb_fromATL wrote:Cashing out the investment is not going to improve their long term wealth and gain.


Presumably it will be better to be invested in stocks, but after all Bogle "predicts" 4% returns in stocks over the next decade.

*Note: I don't think Bogle is necessarily correct with his prediction.

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