Search found 5646 matches

by market timer
Sat Jul 30, 2016 2:19 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1720
Views: 404465

Re: What Book Are You Currently Reading? Part VI

A Sport and a Pastime , by James Salter. Here is the Amazon blurb, though I think the book is mostly known for its unreliable narrator: Twenty-year-old Yale dropout Phillip Dean is traveling Europe aimlessly in a borrowed car with little money, until stopping for a few days in a church-quiet town n...
by market timer
Fri Jul 29, 2016 9:23 pm
Forum: Personal Consumer Issues
Topic: What is your plan if you lose job tomorrow ??
Replies: 66
Views: 4905

Re: What is your plan if you lose job tomorrow ??

I seem to have a fairly in-demand skill set currently, so would hope to find work quickly. In fact, have received several job offers in the past year. If for some reason I couldn't find work, I'd reduce my expenses and either retire or take online classes to retrain (probably some combination of the...
by market timer
Sat Jul 23, 2016 10:32 pm
Forum: Investing - Help with Personal Investments
Topic: Early retirees, how much did you leave on the table?
Replies: 180
Views: 11510

Re: Early retirees, how much did you leave on the table?

TheTimeLord, seems like you are really questioning whether early retirement is a worthwhile end goal. I think you realized from your brief experience with retirement that it is not all it is cracked up to be. When work is stressful and you haven't had time off in a while, nothing sounds better than ...
by market timer
Mon Jul 18, 2016 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirees, at what age did you "retire"? Is it working out?
Replies: 57
Views: 7893

Re: Early retirees, at what age did you "retire"? Is it working out?

Tried retiring at 34, but ultimately decided to get back to work after a year of down time, mainly for a couple of reasons mentioned by AlohaJoe: I was always bad at having friends & hobbies outside of work. Also, spending 24 hours a day, 7 days a week with my SO is a bit too much. :) Both of th...
by market timer
Thu Jul 14, 2016 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Boss cutting salary in response to employee not doing "job"
Replies: 78
Views: 8630

Re: Boss cutting salary in response to employee not doing "job"

Suing sounds like a terrible idea. If she doesn't like the job, quit.
by market timer
Tue Jul 12, 2016 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Real career path for a 23 yr old with no college degree
Replies: 50
Views: 5074

Re: Real career path for a 23 yr old with no college degree

Being personable is a good skill, but I don't think it's enough to build a career on. Virtually any white collar job, including sales, is going to require a college degree. I would suggest learning a trade, then using people skills to grow the business and manage a team.
by market timer
Mon Jul 11, 2016 10:19 am
Forum: Investing - Theory, News & General
Topic: What's your story of overcoming loss?
Replies: 13
Views: 1909

Re: What's your story of overcoming loss?

A few things that helped: 1. Focus on one day at a time. I think there is something to the idea that happiness is related to the personal improvement made in a day, not the level you start or end the day. 2. Pursue other interests. Lift weights, hang out with friends, read books, play chess, take a ...
by market timer
Tue Jul 05, 2016 7:57 pm
Forum: Personal Consumer Issues
Topic: What do you spend your money on???
Replies: 149
Views: 13139

Re: What do you spend your money on???

Travel: Several international trips per year, business + personal Food: Dine out every lunch and dinner at nice restaurants Private school tuition House help: Nanny and maid Fitness: Gym membership, personal trainer Wife's expenses: handbags, shoes, clothes, cosmetics We save by not owning a car, no...
by market timer
Thu Jun 30, 2016 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Where were you financially when you were at 30?
Replies: 225
Views: 22899

Re: Where were you financially when you were at 30?

Age 30:
    Single
    Just started my first job
    $170K in debt and no assets
    Living with a roommate, my share of rent was $2K/month
    Income of $170K

Now at 36:
    Married
    One kid
    Own a condo, no mortgage
    $1.3mn net worth
    Income of $300-350K
by market timer
Mon Jun 27, 2016 9:55 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1004
Views: 155709

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

Downturn is coming faster than I'd expected. Allocated 1/3rd to international equities just now. Willing to allocate another 1/3d if we see another 10% drop in the weeks ahead.
by market timer
Sat Jun 25, 2016 11:42 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1720
Views: 404465

Re: What Book Are You Currently Reading? Part VI

The Fifth Discipline: The Art & Practice of The Learning Organization , by Peter M. Senge. Amazon blurb: In The Fifth Discipline, Senge describes how companies can rid themselves of the learning “disabilities” that threaten their productivity and success by adopting the strategies of learning o...
by market timer
Sat Jun 25, 2016 11:34 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1004
Views: 155709

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

+14% and I'm out. Now 100% cash and waiting for bargains on either equities, bonds, or real estate. Nothing is attractive right now. It's possible I'll stay at 100% cash for a year or two, also possible I'll buy a house with it. What fund(s) did you invest in to have a return of 14% so far this yea...
by market timer
Sat Jun 25, 2016 11:30 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1720
Views: 404465

Re: What Book Are You Currently Reading? Part VI

Blues wrote:Houellebecq is an interesting writer. I've read "Particles" as well as a few additional titles. Some more engaging than others but always provocative.

I've just finished Particles, and will be thinking about it for a while. It's one of the most depressing books I've ever read.
by market timer
Sat Jun 11, 2016 9:28 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1004
Views: 155709

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

+14% and I'm out. Now 100% cash and waiting for bargains on either equities, bonds, or real estate. Nothing is attractive right now. It's possible I'll stay at 100% cash for a year or two, also possible I'll buy a house with it. What fund(s) did you invest in to have a return of 14% so far this yea...
by market timer
Sat Jun 11, 2016 2:45 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1004
Views: 155709

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

+14% and I'm out. Now 100% cash and waiting for bargains on either equities, bonds, or real estate. Nothing is attractive right now. It's possible I'll stay at 100% cash for a year or two, also possible I'll buy a house with it.
by market timer
Sun Jun 05, 2016 11:09 am
Forum: Personal Finance (Not Investing)
Topic: advice on life/work situation/stop full-time work?
Replies: 22
Views: 1867

Re: advice on life/work situation/stop full-time work?

Sure, sell the house, quit the job, move to a cheaper area, and spend time with family. You're rich enough not to have to work.
by market timer
Sun Jun 05, 2016 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Calculating Imputed Rental Income from Owned Home
Replies: 26
Views: 1917

Re: Calculating Imputed Rental Income from Owned Home

One question I have is whether it makes sense to put 100% of the carrying costs (property tax, insurance, maintenance) on the rent side of the ledger since that leaves the asset-appreciation side of the ledger getting 2% real with zero cost. Perhaps it would be more realistic to apportion this pro ...
by market timer
Sun Jun 05, 2016 6:59 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1720
Views: 404465

Re: What Book Are You Currently Reading? Part VI

The Elementary Particles , by Michel Houellebecq. Amazon blurb: An international literary phenomenon, The Elementary Particles is a frighteningly original novel–part Marguerite Duras and part Bret Easton Ellis-that leaps headlong into the malaise of contemporary existence. Bruno and Michel are half...
by market timer
Thu Jun 02, 2016 6:50 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1004
Views: 155709

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

+11%

Recently withdrew my gains for the year to pay off most of my student loans.
by market timer
Tue May 31, 2016 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: New investors, High earners, looking for advice
Replies: 24
Views: 2319

Re: New investors, High earners, looking for advice

My father in law is a working physician and is a very smart guy and has done quite well for himself with investments. He also owns several pieces of real estate, one that looks like it may soon be targeted for development that he bought on the cheap many years back. If he is recommending we pay off...
by market timer
Sat May 14, 2016 3:31 am
Forum: Personal Finance (Not Investing)
Topic: Retire Early -or- Not At All
Replies: 31
Views: 3661

Re: Retire Early -or- Not At All

My order of preference is: working on my own terms > retiring early > working because I have to Working on my own terms generally means something less than 50-hour weeks on interesting projects. The great thing about having a lot of money is that you can leave a bad situation and take some risks. If...
by market timer
Sun May 08, 2016 4:34 am
Forum: Investing - Theory, News & General
Topic: Impact of student debt on homeownership rates
Replies: 10
Views: 1181

Re: Impact of student debt on homeownership rates

This article doesn't look into the causal effect of student loans on homeownership rate. It's just some correlations that might or might not have any meaning for someone deciding whether to borrow to go to school. The author notes this in the last footnote.
by market timer
Mon Apr 25, 2016 10:29 am
Forum: Personal Consumer Issues
Topic: PhD gift ideas
Replies: 17
Views: 1058

Re: PhD gift ideas

obafgkm wrote:Or offer to frame his diploma?

This is what my parents bought me. It's a good gift.
by market timer
Sat Apr 23, 2016 1:18 am
Forum: Personal Finance (Not Investing)
Topic: Question for the Bogleheads Millionaires
Replies: 372
Views: 58357

Re: Question for the Bogleheads Millionaires

MT- It's good to see you back. How about an update on you the last few years? I don't remember hearing anything since you got back to even. If I had to guess, you now have a job that pays $750K a year and are a multimillionaire. My only question is how leveraged you are now.... Not very leveraged, ...
by market timer
Sat Apr 23, 2016 12:32 am
Forum: Personal Finance (Not Investing)
Topic: Question for the Bogleheads Millionaires
Replies: 372
Views: 58357

Re: Question for the Bogleheads Millionaires

Just because you work hard, and have a goal of $1mm and works towards it doesn't mean you will have higher chance of achieving it. Sure. Setting goals and working towards them doesn't give you a higher chance of achieving that goal. That's logical. Surely that's not what you meant to write, right? ...
by market timer
Thu Apr 21, 2016 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Cannot Pay Huge Tax Burden
Replies: 107
Views: 9755

Re: Cannot Pay Huge Tax Burden

I find it hard to believe that there are people here advocating about how to game the system. That seems to be the point of many threads on this forum. What is a backdoor Roth, if not "gaming the system?" Unbelievable, some people are in the 50%+ marginal tax bracket and some people pay u...
by market timer
Wed Apr 20, 2016 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Cannot Pay Huge Tax Burden
Replies: 107
Views: 9755

Re: Cannot Pay Huge Tax Burden

OP, I suspect that you and your SO will find a way to repay this debt in time. The sooner you accept this likely conclusion, the better for your finances. The 7% interest rate on this loan is terrible. Every year you owe $14K in interest, which is mostly after-tax money. You haven't mentioned anythi...
by market timer
Tue Apr 19, 2016 1:02 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1720
Views: 404465

Re: What Book Are You Currently Reading? Part VI

Steve Jobs, by Walter Isaacson
by market timer
Sat Apr 16, 2016 5:43 am
Forum: Personal Finance (Not Investing)
Topic: Good countries to accumulate in?
Replies: 13
Views: 1306

Re: Good countries to accumulate in?

I vote for Singapore. High incomes, low taxes, reasonably low cost of living for the basics. The US is a large and diverse country, so it is hard to generalize. Problem is that most of the good jobs are in high tax locales along the coasts with high cost of living. Health insurance in particular is ...
by market timer
Thu Apr 14, 2016 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: When was the most stressful financial time in your life?
Replies: 94
Views: 11470

Re: When was the most stressful financial time in your life?

For me, definitely the 2008 financial crisis. In one year, I went from net worth zero (as a student) to net worth -$210K with no assets. About half of that was credit card debt, so I had to get creative quickly about making monthly payments after margin calls wiped out my brokerage account. Before t...
by market timer
Sat Apr 09, 2016 8:50 pm
Forum: Investing - Theory, News & General
Topic: Financial Applications of Calculus of Variations?
Replies: 20
Views: 1760

Re: Financial Applications of Calculus of Variations?

Yes, I find this topic fascinating as well. I encountered it first as an undergrad in a math class, where we had examples drawn mostly from physics (E&M), and later as an economics grad student. Macroeconomics borrows heavily from control theory in physics. I regularly frame problems using Bellm...
by market timer
Mon Apr 04, 2016 7:08 pm
Forum: Personal Consumer Issues
Topic: Coursera -- Pay or Not?
Replies: 9
Views: 1243

Re: Coursera -- Pay or Not?

Is there anyone on here who reviews resumes and can comment on what the weight of a Coursera class holds on a resume relative to course material learned in college? Does it hold any weight at all? If you put a course on your resume, be prepared to have someone ask you questions about the subject du...
by market timer
Tue Mar 29, 2016 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Investing Young + LBYM = No Corp Ladder
Replies: 92
Views: 8763

Re: Investing Young + LBYM = No Corp Ladder

Personally, I enjoy management, and don't think the corporate ladder should necessarily be viewed negatively. Rather, view it as a fun and challenging game. This is easier if you are already FI. As for your manager's financial status, you should not trust anything he says. Managers lie constantly, e...
by market timer
Sat Mar 26, 2016 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Financially, how have you done/doing vs. your parents?
Replies: 134
Views: 11368

Re: Financially, how have you done/doing vs. your parents?

My parents are mid/late boomers and I'm late Gen X. On an inflation-adjusted basis, I believe our household incomes, circa age 35, are similar. They started working much earlier in life, just after high school. I didn't start working until my late 20s, so they got an early head start in terms of bui...
by market timer
Mon Mar 14, 2016 8:43 am
Forum: Investing - Theory, News & General
Topic: Cost of $1000 per Month Inflation-Adjusted Income?
Replies: 67
Views: 8032

Re: Cost of $1000 per Month Inflation-Adjusted Income?

I mostly agree with Magellan's analysis, though it is a bit conservative in covering a 40-year life expectancy. Rather than cover a long life expectancy, I'd buy an annuity at age 70. For example, at age 60, buy a 10-year CD ladder (roughly $120K) and invest $200K in 30-year TIPS. After 10 years, an...
by market timer
Mon Mar 14, 2016 8:21 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1720
Views: 404465

Re: What Book Are You Currently Reading? Part VI

A Little Life , by Hanya Yanagihara. Amazon blurb: When four classmates from a small Massachusetts college move to New York to make their way, they're broke, adrift, and buoyed only by their friendship and ambition. There is kind, handsome Willem, an aspiring actor; JB, a quick-witted, sometimes cr...
by market timer
Fri Mar 11, 2016 11:10 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1750
Views: 391282

Re: What Movie Have You Recently Watched?

Anomalisa I'm a huge Charlie Kaufman fan, so had to see this when it was released. It's not nearly as entertaining as some of his other films. In fact, it shows how boring our lives become, basically how people become robots (or maybe we just perceive others as robotic), and how anomalous it is to ...
by market timer
Mon Mar 07, 2016 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Is a CS PhD financial suicide for my profile?
Replies: 57
Views: 6374

Re: Is a CS PhD financial suicide for my profile?

Definitely not crazy, but I think it was a mistake to wait until age 30 to start the PhD. It will not be fun to be 35 and with essentially no savings. Livesoft is right in emphasizing that you'll probably have a very satisfying career if you choose to get a PhD. Hard to put a price tag on that. Eith...
by market timer
Sun Mar 06, 2016 8:37 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1004
Views: 155709

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

+3.0% YTD

Had a rocky start to the year, but the past week was a big turnaround.
by market timer
Sun Feb 28, 2016 4:06 am
Forum: Personal Consumer Issues
Topic: Tough Frugal Decisions
Replies: 111
Views: 19232

Re: Tough Frugal Decisions

I've mostly focused on the big things: education expenses, transportation, and shelter. In college: -did not attend an expensive private school, but went where I had a full scholarship -sold my car to save on insurance costs -had a roommate, as in slept in the same room with someone not my girlfrien...
by market timer
Fri Feb 26, 2016 8:53 pm
Forum: Investing - Theory, News & General
Topic: personal savings rate vs the general population
Replies: 69
Views: 9395

Re: personal savings rate vs the general population

I think you are misreading it. It isn't about leisure time as much as returns. With more money chasing the same (or fewer) opportunities, he is saying returns will be lower. Imagine if everyone saves so that the SWR goes from 4% to 2%. You have to save more money (50x instead of 25x) and you get le...
by market timer
Fri Feb 26, 2016 12:18 pm
Forum: Investing - Theory, News & General
Topic: personal savings rate vs the general population
Replies: 69
Views: 9395

Re: personal savings rate vs the general population

If you want to retire early, what matters is not how much you save, but how much more than everyone else you save. In a world where everyone saves as if they’re going to retire at fifty-five, or even at sixty-five, none can. I think I see where Dr. Bernstein is coming from, but I do not believe thi...
by market timer
Wed Feb 24, 2016 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting college
Replies: 141
Views: 9737

Re: Quitting college

I'm not sure you should continue with college. I think college is a pretty fantastic deal for 18-year-olds whose parents are paying, not just for the increased earning power, but also camaraderie and education itself. For someone already with a career in her 30s, it's a different story. My parents b...
by market timer
Tue Feb 23, 2016 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Mr Money Mustache Article (New Yorker)
Replies: 94
Views: 13006

Re: Mr Money Mustache Article (New Yorker)

I think it would be hilarious if a 'MMM' showed up at people's homes around the US in real life and started scolding every wasteful thing they did. It seems like there is plenty of audience willing to tune in - this is apparently an under-exploited market. At the end of each episode, you could wrap...
by market timer
Mon Feb 22, 2016 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Mr Money Mustache Article (New Yorker)
Replies: 94
Views: 13006

Re: Mr Money Mustache Article (New Yorker)

Nice article. Thanks for sharing.

MMM serves a valuable purpose in telling us how wealthy we really are. That many continue to struggle says more about human nature than the world we find ourselves in.
by market timer
Mon Feb 22, 2016 8:56 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1720
Views: 404465

Re: What Book Are You Currently Reading? Part VI

Suttree , by Cormac McCarthy. This is my first Cormac McCarthy novel. From the Amazon blurb: "By the author of Blood Meridian and All the Pretty Horses, Suttree is the story of Cornelius Suttree, who has forsaken a life of privilege with his prominent family to live in a dilapidated houseboat ...
by market timer
Fri Feb 19, 2016 11:04 am
Forum: Investing - Theory, News & General
Topic: Extreme saving with low returns - not worth it?
Replies: 71
Views: 9095

Re: Extreme saving with low returns - not worth it?

I am no good at projecting future returns but if you expect lower returns then that would tip the balance towards saving more not less. Lower interest rates influence the consumption/saving decision in two ways: 1. Income effect: Lower rates means less income from investments in the future--implies...
by market timer
Mon Feb 15, 2016 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Jobs with Student Loan Forgiveness
Replies: 44
Views: 3794

Re: Jobs with Student Loan Forgiveness

Something like 40% of jobs are eligible for Public Service Loan Forgiveness.
by market timer
Tue Feb 02, 2016 7:23 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with Japanese wife's yen while living in the U.S.
Replies: 5
Views: 895

Re: What to do with Japanese wife's yen while living in the U.S.

There are two parts to this question: 1. How to invest the funds 2. Whether to exchange yen for dollars As an American (which your wife is also for tax purposes if you file jointly), I think you'll find it much easier to invest using a US brokerage account. The US makes it difficult for Americans to...
by market timer
Fri Jan 22, 2016 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: The Boglehead Way of Employment
Replies: 82
Views: 7707

Re: The Boglehead Way of Employment

I don't think there are any standard Boglehead recommendations on employment. Most of the agreement is on managing personal finances. Specific career recommendations would really depend on the person. DW and I found careers we enjoy by focusing on academics, so we will encourage that in our son. I d...

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