Search found 1910 matches

by knpstr
Sun Jun 24, 2018 7:47 am
Forum: Investing - Help with Personal Investments
Topic: Is this all investing is?
Replies: 30
Views: 2136

Re: Is this all investing is?

Yes, that is all investing is.
However, building wealth is not all there is to life.
by knpstr
Sat Jun 23, 2018 10:01 pm
Forum: Investing - Help with Personal Investments
Topic: Need 3% Steady Income from $1.1 Mil Nest Egg
Replies: 26
Views: 2948

Re: Need 3% Steady Income from $1.1 Mil Nest Egg

We need some advice as to how to get a 3% yield ($30K annual, $2500 monthly) from a $1.1 mil nest egg, as consistently as possible , protect the principal as much as possible, reduce risk as much as possible. VBTLX (Vanguard Total Bond) yields 3.12% so that'd give you $34,320 @ $1.1 Million, that w...
by knpstr
Thu Jun 21, 2018 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: I think I am going to put down 35-40% on a house
Replies: 12
Views: 1364

Re: I think I am going to put down 35-40% on a house

Looking roughly in the 400k ballpark, with taxes around 10k. We are buying one house and then never moving again (100%). Have around 100k equity from the current condo to roll in, plus 50k extra cash on top of an emergency fund. Thinking I want to take the “safe” route and make the large 150k down ...
by knpstr
Thu Jun 21, 2018 8:06 pm
Forum: Personal Consumer Issues
Topic: Anyone use a WiFi enhancement product?
Replies: 14
Views: 1081

Re: Anyone use a WiFi enhancement product?

I just got a google wi-fi mesh system. Simple setup, works like a charm.
by knpstr
Thu Jun 21, 2018 2:08 pm
Forum: Investing - Theory, News & General
Topic: Factor Investing Makes Someone Money, But Maybe Not You
Replies: 90
Views: 5215

Re: Factor Investing Makes Someone Money, But Maybe Not You

So, what to do here? Should we all dump all SCV and international/emerging market and just use total international and total stock market? Heck, dump it all for Vanguard total stock market VTSAX? I think you should do what Bogle has said. Find an allocation you're comfortable with and stay the cour...
by knpstr
Thu Jun 21, 2018 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: is Ed Jones always bad news?
Replies: 29
Views: 3195

Re: is Ed Jones always bad news?

EJ is by no means ideal. Vanguard is by far superior. That being said, EJ isn't going to make him go broke. My dad is with EJ and is staying with him. I've talked to him about vanguard and the difference in fees, but he likes being able to go to someone in town that he knows. That is what makes him ...
by knpstr
Thu Jun 21, 2018 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Early retirement myth
Replies: 14
Views: 1389

Re: Early retirement myth

No, it doesn't bother me.

Most people in retirement still do something. Some happen to make money doing what they do for fun, some don't.

I won't say you're not retired if you have rental real estate and index fund income coming in.
by knpstr
Thu Jun 21, 2018 12:31 pm
Forum: Investing - Theory, News & General
Topic: Do you invest in Real Estate ? Why ?
Replies: 65
Views: 5964

Re: Do you invest in Real Estate ? Why ?

1. Yes
2. Leveraged returns

I combine my real estate holdings with a 1-Fund portfolio (Total Market).
by knpstr
Thu Jun 21, 2018 9:36 am
Forum: Investing - Help with Personal Investments
Topic: What should be my stock/bond allocation?
Replies: 21
Views: 1484

Re: What should be my stock/bond allocation?

It might be the most productive thing is to model the situation for the long term in FireCalc or another model and see what you think of the prospects. There is provision to configure a period of higher spending or less saving. +1 There isn't enough information given in the OP. Firecalc will let th...
by knpstr
Thu Jun 21, 2018 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Is the first 100k really the hardest?
Replies: 144
Views: 39537

Re: Is the first 100k really the hardest?

Greetings all. The wiki converted me to a Boglehead and I've learned a lot reading the forum. I passed 100k invested assets two weeks ago and will pass 100k net worth by the end of the month. I've often heard people say that the first 100k is the hardest...it only gets easier from here...now the ma...
by knpstr
Wed Jun 20, 2018 8:34 am
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 13379

Re: Oh my! Cardone says we need $10m net worth

This article dovetails with THIS article, that says the "average" retiree couple will spend $244,000 in healthcare costs, out of pocket. C'mon. The "average" retiree couple lives on a SS check and in no way will ever even have $244,000, let alone spend it on healthcare, out of pocket. "The average ...
by knpstr
Wed Jun 20, 2018 7:50 am
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 13379

Re: Oh my! Cardone says we need $10m net worth

Who? For a majority of people, $1M to $4M is perfectly reasonable range. Just make sure that the money you received from your withdraw rate is higher than your expenses, the principal money can be recovered again over time through investments/distributions/whatever other methods you choose, and you...
by knpstr
Mon Jun 18, 2018 6:20 am
Forum: Investing - Theory, News & General
Topic: Very confused with the current market
Replies: 93
Views: 8314

Re: Very confused with the current market

- It has been history higher and higher. - the fundamental law says it will recycle every 10 years - I had been on cash for 10 months Please don't tell me I should not time the market. What's going wrong? There is nothing saying that the market must "recycle every 10 years". The general trend throu...
by knpstr
Fri Jun 15, 2018 4:51 pm
Forum: Personal Consumer Issues
Topic: I am STUNNED over how much help my friends recieved with house purchase!
Replies: 47
Views: 3718

Re: I am STUNNED over how much help my friends recieved with house purchase!

I'm not stunned by this at all.

Some kids get new Mercedes in high school.
Some parents pay for college which can amount to over six-figures.
etc.
by knpstr
Fri Jun 15, 2018 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: I was rear ended and the other guy wants a payout!
Replies: 106
Views: 8899

Re: I was rear ended and the other guy wants a payout!

I drive a performance car with much shorter stopping distance than average. Are you required to keep a longer following distance if you follow me? What if I have winter tires in the winter and you are plodding along in your "good enough" all seasons? Or am I required to stop as slowly as your car c...
by knpstr
Fri Jun 15, 2018 2:02 pm
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 13379

Re: Oh my! Cardone says we need $10m net worth

I'm not going to address the notion that people "need" $10M. Skimming it seems his $10M number is the number where you can "do whatever you want to do". This is the historic/popular idea of being a millionaire from decades ago - a millionaire can afford to do whatever they please. But people having ...
by knpstr
Fri Jun 15, 2018 8:11 am
Forum: Investing - Theory, News & General
Topic: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]
Replies: 127
Views: 9845

Re: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]

Dave recommends *no* savings until you are out of consumer debt, even passing up 401k matches. Just to clear this up slightly, he does recommend having $1,000 in savings as a small emergency fund while getting out of consumer debt. I think you meant to say he recommends no investing until you are o...
by knpstr
Thu Jun 14, 2018 9:17 pm
Forum: Investing - Theory, News & General
Topic: Factor-based strategy is better (winer), OK. then who are the losers?
Replies: 55
Views: 2485

Re: Factor-based strategy is better (winer), OK. then who are the losers?

I find this whole factor-investing propaganda as a very ironic thing coming from fama/academia; especially after he used to say (still does say?) Buffett is just lucky. I recall Munger mocking him (and the fact that he won a share of the nobel prize) in an interview since Bershire was regarded as a ...
by knpstr
Thu Jun 14, 2018 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Living on Your Investments? What Happens When a Bear Market Hits?
Replies: 53
Views: 7497

Re: Living on Your Investments? What Happens When a Bear Market Hits?

I just wanted to test Ken Moraif's assertion and he's right. A person who retired in 2000 with $1 million, used the 4% SWR method (adjusted for inflation), and had an AA of 100% equity , he'd be broke this year. However, even though staying the course has its dangers, I still think it's less danger...
by knpstr
Thu Jun 14, 2018 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Living on Your Investments? What Happens When a Bear Market Hits?
Replies: 53
Views: 7497

Re: Living on Your Investments? What Happens When a Bear Market Hits?

Thanks for the response. I deleted my original reply as I didn't mean for the discussion to devolve into another topic (that I wasn't prepared to fully present). But I shall try - I understand wealth is either generated by relative advances in efficiency or, to your point, new products that improve...
by knpstr
Thu Jun 14, 2018 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: Sell T & buy VZ to realize a $10,000 loss?
Replies: 14
Views: 980

Re: Sell T & buy VZ to realize a $10,000 loss?

Which do you think will be down more to year end? Since you are trying to MAXIMIZE money lost if you expect T to be down more than VZ in the coming 6.5 months hang onto T a while longer. I'd hate for you to sell T buy VZ then VZ shoot through the moon robbing you of the chance to have more losses wi...
by knpstr
Thu Jun 14, 2018 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: Living on Your Investments? What Happens When a Bear Market Hits?
Replies: 53
Views: 7497

Re: Living on Your Investments? What Happens When a Bear Market Hits?

Get a bigger perspective. Markets can't reliably be timed. Dow is at $25,146 today, it can conservatively be at $1,000,000 by year 2100. Stay in for the long run, don't worry about the volatility in the meantime. How? Does it not seem ridiculous that demand for a given good increases in perpetuity?...
by knpstr
Thu Jun 14, 2018 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Living on Your Investments? What Happens When a Bear Market Hits?
Replies: 53
Views: 7497

Re: Living on Your Investments? What Happens When a Bear Market Hits?

Thanks for replies guys and thanks for the real life example sheepdog. I actually don't have that much in index funds as i only started a few years ago, however am really feeling they are overpirced at the moment e.g one index fund I have is up around 30%+ in just 2 years, so i'm not really sure wh...
by knpstr
Thu Jun 14, 2018 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: Living on Your Investments? What Happens When a Bear Market Hits?
Replies: 53
Views: 7497

Re: Living on Your Investments? What Happens When a Bear Market Hits?

Bear market. It is a very rear opportunity to load equities. If you capture one bear market, you will have enough. Two, you are doing well. Three, you are doing very well. If you can capture four bear markets, you will be super wealthy. I see bear market good buying opportunity. Live well below mea...
by knpstr
Wed Jun 13, 2018 3:23 pm
Forum: Investing - Theory, News & General
Topic: The Deep History of Stock & Bond Returns
Replies: 75
Views: 5001

Re: The Deep History of Stock & Bond Returns

... It's interesting that inflation is so low. When and why did modern-era inflation set in? When money/bonds stopped being backed by a fixed physical commodity gold/silver standard. To support JoMoney's point, an historical chart showing the deep history of inflation going back to the 1200s (at le...
by knpstr
Wed Jun 13, 2018 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: [Looking for ways to reduce taxes and keep more of my income]
Replies: 91
Views: 8648

Re: Getting killed on taxes - any ideas?

In my honest opinion while $100,000 seems like an outrageous amount of tax, it is "only" 22% of your pay and that's not an outrageous percentage. You make A LOT of money as ordinary income, taxes come with the territory. While real estate can be great, at your tax and income level a duplex isn't eve...
by knpstr
Wed Jun 13, 2018 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: Any problem opening fund "Investor", then building to "Admiral"?
Replies: 25
Views: 1589

Re: Any problem opening fund "Investor", then building to "Admiral"?

Of course not.

When you reach the $10,000 level (or any other level that admiral is at) the shares will be exchanged for admiral shares.
by knpstr
Tue Jun 12, 2018 9:08 am
Forum: Investing - Theory, News & General
Topic: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]
Replies: 127
Views: 9845

Re: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]

... Are these people better off than they would have been otherwise? Probably, but that's along the lines of what I've heard called the "better than nothing" fallacy. There can be a big gulf between "better than nothing" and adequate. DR's advice here is akin to throwing a person 200 miles offshore...
by knpstr
Mon Jun 11, 2018 9:38 pm
Forum: Investing - Theory, News & General
Topic: The Psychology of Money - A Blog Post
Replies: 66
Views: 9007

Re: The Psychology of Money - A Blog Post

livesoft wrote:
Fri Jun 08, 2018 1:21 pm
Sure, she could have left 2 to 20 times or even more to charity. But we have to remember index funds were not available most of her life.
And further to remember that while index funds are great, one can do superb without them. (sorry coming from the Dave Ramsey investment bashing thread)
by knpstr
Mon Jun 11, 2018 9:31 pm
Forum: Investing - Theory, News & General
Topic: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]
Replies: 127
Views: 9845

Re: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]

Dave gets beat up a little too much on this forum in my opinion. If you follow his advice to the letter, by getting out of debt and investing your money you will get wealthy. Perhaps not as wealthy if you stayed in debt with low interest rate and invested the difference, perhaps not as wealthy as if...
by knpstr
Mon Jun 11, 2018 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Which way to save for my child?
Replies: 32
Views: 1834

Re: Which way to save for my child?

I'm no expert but I believe I read Jack Bogle uses the UGMA/UTMA and the Vanguard Balanced fund for his grandkids. I recall him saying that he doesn't like 529 plans due to the restrictions on withdrawals.
by knpstr
Sun Jun 10, 2018 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 10065

Re: Why do we work?

Right now I am contemplating purchasing something nicer. We are currently in need of a new receiver for our entertainment system. I have narrowed it down to two different receivers the Arcam AVR390 or the Arcam AVR550. They cost $2500 and $3400 respectively. Obviously I can buy an even less expensi...
by knpstr
Sat Jun 09, 2018 6:38 pm
Forum: Investing - Theory, News & General
Topic: Harry Browne Permanent Portfolio Discussion (Cont'd)
Replies: 659
Views: 151772

Re: Harry Browne Permanent Portfolio Discussion (Cont'd)

We can all cherry-pick various timeframes to prove the superiority of one portfolio over another, so that's an endless argument. I agree with your statement above, but Will did completely refute your point made in #1 to me saying: "The advantage of the PP is completely attributable to the years 197...
by knpstr
Sat Jun 09, 2018 7:44 am
Forum: Investing - Theory, News & General
Topic: Harry Browne Permanent Portfolio Discussion (Cont'd)
Replies: 659
Views: 151772

Re: Harry Browne Permanent Portfolio Discussion (Cont'd)

From my limited look at the PP it seems to do a good job of minimizing the downside and still gives and adequate (though lackluster) overall return. Putting a portfolio in to portfolio visualizer of: 25% US Stock, 25% short term treasury, 25% long term treasury, 25% gold with 4% withdrawals adjusted...
by knpstr
Wed Jun 06, 2018 6:38 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: What If Your Plan Fails?
Replies: 49
Views: 4786

Re: Larry Swedroe: What If Your Plan Fails?

MrPotatoHead wrote:
Wed Jun 06, 2018 5:06 pm
No factor nonsense, no moss on the north side of a tree mumbo-jumbo...
Haha, well put! :beer
by knpstr
Tue Jun 05, 2018 10:27 am
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 159
Views: 17965

Re: Don’t cheat yourself with the 4% rule

It is better to ultimately read the Kitces article, than they Yahoo! summary of the article. Kitces wrap up: "The bottom line, though, is simply to recognize that even market scenarios like the tech crash in 2000 or the financial crisis of 2008 are not ones that will likely breach the 4% safe withdr...
by knpstr
Mon Jun 04, 2018 1:53 pm
Forum: Investing - Theory, News & General
Topic: Best case to convert a Bogle skeptic?
Replies: 56
Views: 4854

Re: Best case to convert a Bogle skeptic?

xbc81 wrote:
Mon Jun 04, 2018 3:24 am
This is probably a fool’s errand...
Yes it is. I would not bother with trying to "convert" him. Continue to manage it as he has since you know that is they way he'd want it anyway. Save your breath.
by knpstr
Mon Jun 04, 2018 1:21 pm
Forum: Investing - Theory, News & General
Topic: Dilemma: what if companies stopped going public?
Replies: 27
Views: 2749

Re: Dilemma: what if companies stopped going public?

You are worrying about something which you cannot control. If the time ever came, you would just have to find the best use of your capital among the remaining available assets (which is what you should be doing now anyway). Find better and more productive things to do with your time than worry about...
by knpstr
Sat Jun 02, 2018 6:11 pm
Forum: Investing - Theory, News & General
Topic: Investment money is "Fungible"
Replies: 82
Views: 5600

Re: Investment money is "Fungible"

We don't do that. We save mostly in tax-deferred accounts and some in taxable accounts. About 25% of our investment net worth is accessible without retirement account issues while 75% is not. We cash flow most everything (vacations, property tax bills etc.) and if something came up where we couldn'...
by knpstr
Sat Jun 02, 2018 5:13 pm
Forum: Investing - Theory, News & General
Topic: Investment money is "Fungible"
Replies: 82
Views: 5600

Re: Investment money is "Fungible"

Generally, it suggests avoiding "mental accounting". Mental accounting can take many forms leading to various inefficiencies. Some examples are separate accounts for different budget items (car account, vacation account etc), "spending dividends", etc. Those are mental constructs that could lead yo...
by knpstr
Sat Jun 02, 2018 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Have $2.5M at 30, career advice needed
Replies: 49
Views: 5243

Re: Have $2.5M at 30, career advice needed

hammond wrote:
Sat Jun 02, 2018 1:58 am
I'm really just looking for general advice on how people would approach this problem.
What is the problem? You enjoy your jobs why quit?
by knpstr
Thu May 31, 2018 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Have $3m at 33, "approach to career" advice needed
Replies: 99
Views: 12454

Re: Have $3m at 33, "approach to career" advice needed

This is the most depressing thread, and not for the reasons you think. Other than the 40 year old that parked his can on the beach for a year, (no offense, but...) not a one of us is qualified to give you reasonable advice, because we haven’t a clue of what you are facing of feeling since 99.9% are...
by knpstr
Thu May 31, 2018 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Have $3m at 33, "approach to career" advice needed
Replies: 99
Views: 12454

Re: Have $3m at 33, "approach to career" advice needed

I am thinking more along the lines of a franchise business. Something where you buy yourself a job but if you are smart about it you can scale it up a bit and eventually just buy yourself a job managing a group of small businesses. That would work to your goal. And if that "general idea" appeals to...
by knpstr
Mon May 28, 2018 9:15 pm
Forum: Investing - Help with Personal Investments
Topic: Living on Your Investments? What Happens When a Bear Market Hits?
Replies: 53
Views: 7497

Re: Living on Your Investments? What Happens When a Bear Market Hits?

According to portfolio visualizer a person retired in 2000 with $1M using 4%SWR method (adjusted for inflation) and 100% in VFINX would still have $427,641 in their portfolio. :beer What page are you using for that? I thought I should be able to test this in PV but I am not finding where I can set ...
by knpstr
Sun May 27, 2018 8:00 am
Forum: Investing - Help with Personal Investments
Topic: Living on Your Investments? What Happens When a Bear Market Hits?
Replies: 53
Views: 7497

Re: Living on Your Investments? What Happens When a Bear Market Hits?

I just wanted to test Ken Moraif's assertion and he's right. A person who retired in 2000 with $1 million, used the 4% SWR method (adjusted for inflation), and had an AA of 100% equity, he'd be broke this year. However, even though staying the course has its dangers, I still think it's less dangero...
by knpstr
Thu May 24, 2018 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Quicken Alternatives
Replies: 10
Views: 865

Re: Quicken Alternatives

I rather recently changed from Quicken to GnuCash. But one thing I have not setup (which you specifically asked for) is tracking investments in detail. There was some learning curve in simply migrating the data over (GnuCash accepts quicken transfer files but makes a mess of them) and I did not like...
by knpstr
Mon May 21, 2018 5:33 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Real Estate Isn’t Special
Replies: 49
Views: 7292

Re: Larry Swedroe: Real Estate Isn’t Special

Sensationalized headline from Larry.

More accurately it should read: "REITs aren't special" based on a quick skim of his article.
by knpstr
Mon May 21, 2018 1:26 pm
Forum: Investing - Theory, News & General
Topic: will the SP500 double in 7 years?
Replies: 101
Views: 11871

Re: will the SP500 double in 7 years?

Everything is possible. But the chance is small. fed is raising interest rate, wage inflation is coming back, oil price is going up, though we have the tax cut. Can company revenue and profit double in 7 years? I doubt. The original post was from about 6.5 years ago. We are currently over double fr...
by knpstr
Thu Apr 12, 2018 1:35 pm
Forum: Personal Consumer Issues
Topic: Anyone Deleting Facebook?
Replies: 338
Views: 24181

Re: Anyone Deleting Facebook?

I deleted it about 6 years ago.

Became much less interesting post-college life.
I do not have any "social media" accounts.
by knpstr
Tue Mar 13, 2018 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey on Bonds
Replies: 107
Views: 9249

Re: Dave Ramsey on Bonds

The math may say to keep things like a mortgage and low interest car payments so you can have more money to invest, but for me it never worked out. I was far better off paying off all debt then investing with impunity. Great comment. I think that is a wise statement that holds water for a lot of pe...