Search found 5674 matches

by market timer
Sat Jan 14, 2017 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Best Financial Moves You've Made
Replies: 135
Views: 14023

Re: Best Financial Moves You've Made

1. Got a good education, never earned less than $175K/year
2. Wife and I established our careers and saved >$1mn before having kids (in mid 30s)
by market timer
Sat Jan 07, 2017 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: What monetary value has your education provided you?
Replies: 104
Views: 4932

Re: What monetary value has your education provided you?

The AA degree is now what a HS diploma was way back in the middle of the last century. Necessary to get more than minimum wage. So where does it all stop? If 80% have a degree a degree becomes less valuable. I know the diploma mills that live off student loans want everybody to stay in school for a...
by market timer
Wed Jan 04, 2017 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Investing in a Masters and Ph.D?
Replies: 101
Views: 5028

Re: Investing in a Masters and Ph.D?

To play the devil's advocate, I don't think it would be such a bad thing to view the PhD purely as a consumption good. Don't aim for an academic job, which is likely not in the cards. Instead, start your retirement now. Borrow up to your cost of attendance, including living allowance. Usually, the s...
by market timer
Tue Jan 03, 2017 2:51 am
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 26913

Re: Whats your number to walk away?

I walked away from a job I didn't enjoy with $700K and a paid off house.

Now I work a job I enjoy and would only walk away to do something entrepreneurial with $5mn. I prefer an intellectually stimulating job with reasonable work hours to retirement.
by market timer
Sat Dec 31, 2016 7:37 am
Forum: Personal Consumer Issues
Topic: What's your usual retirement day like ?
Replies: 195
Views: 40938

Re: What's your usual retirement day like ?

Caduceus wrote:I, too, want to do nothing but travel when I'm retired. You're living the life I want for myself :happy

I'd suggest finding a job that involves significant travel. Business travel gives you a better sense of the beating heart of a city. It's also a lot cheaper than going on your own dime.
by market timer
Sat Dec 31, 2016 4:31 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1275
Views: 205303

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

Finished the year +13%. Was up much more before the Trump rally. Have a very conservative allocation going into 2017, almost no equities.
by market timer
Thu Dec 29, 2016 7:21 pm
Forum: Investing - Theory, News & General
Topic: How A 28-Year-Old Who Retired With A $2 Million Net Worth Is Investing In 2017
Replies: 42
Views: 5667

Re: How A 28-Year-Old Who Retired With A $2 Million Net Worth Is Investing In 2017

Reminds me of the famous Steve Martin skit: "You can be a millionaire and never pay taxes." How to retire at age 28? First, save $2 million. Now, let's talk about how you can invest that $2mn in a low-cost index fund...
by market timer
Thu Dec 29, 2016 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Monthly Expenses in line or too much
Replies: 81
Views: 6885

Re: Monthly Expenses in line or too much

I see a few people citing median household income in the $50K range. This is for all households, including retired people. If you focus on households with a family size of 4, the median household income was $88K in 2015. Therefore, expenses of $4700/month, excluding mortgage, seems in line with mid...
by market timer
Thu Dec 29, 2016 12:46 am
Forum: Personal Finance (Not Investing)
Topic: Monthly Expenses in line or too much
Replies: 81
Views: 6885

Re: Monthly Expenses in line or too much

I see a few people citing median household income in the $50K range. This is for all households, including retired people. If you focus on households with a family size of 4, the median household income was $88K in 2015. Therefore, expenses of $4700/month, excluding mortgage, seems in line with midd...
by market timer
Mon Dec 26, 2016 2:36 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2070
Views: 557455

Re: What Book Are You Currently Reading? Part VI

Ready Player One , by Ernest Cline I used to spend my Christmas holidays in the 1980s playing video games, so figured this book (basically a trip down 1980s memory lane for late Gen X) would be an interesting read over this holiday break. Imagine watching a geeky man-child play video games and read...
by market timer
Sun Dec 18, 2016 10:48 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2270
Views: 562074

Re: What Movie Have You Recently Watched?

Computer Chess (2013)

Highly original documentary-style film based on a computer chess tournament one weekend in 1984. I enjoyed it.
by market timer
Sun Nov 27, 2016 12:25 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2070
Views: 557455

Re: What Book Are You Currently Reading? Part VI

Benjamin Franklin's biography by Isaacson.
by market timer
Sun Nov 27, 2016 11:42 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2270
Views: 562074

Re: What Movie Have You Recently Watched?

At the theater: Your Name

On Netflix: Tickled, Sour Grapes, and most of Black Mirror

All recommended.
by market timer
Sat Nov 19, 2016 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 391
Views: 93353

Re: Share your networth progression

1/1/09: -$210K (started working this year) 1/1/10: -$120K 1/1/11: -$35K 1/1/12: $150K 1/1/13: $300K 1/1/14: $510K 1/1/15: $670K 1/1/16: $740K 11/19/16: $1.1mn Does not include wife's assets. Currently have a good work/life balance, raising a young family, and feel little need to add another digit to...
by market timer
Sun Oct 30, 2016 2:30 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2070
Views: 557455

Re: What Book Are You Currently Reading? Part VI

The Amazing Adventures of Kavalier & Clay , by Michael Chabon. Listening to this on Audible during my commute. Amazon blurb: A “towering, swash-buckling thrill of a book” (Newsweek), hailed as Chabon’s “magnum opus” (The New York Review of Books), The Amazing Adventures of Kavalier & Clay i...
by market timer
Sat Oct 22, 2016 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Need help. Drowning in debt and worried about the future and retirement
Replies: 243
Views: 22725

Re: Need help. Drowning in debt and worried about the future and retirement

The long term picture looks pretty grim to me, but the short run picture isn't very good either. There is no emergency fund and very high monthly bills. You are one layoff/recession/health problem away from being homeless. You say you have 18 months left of child support for your eldest daughter, bu...
by market timer
Tue Sep 27, 2016 8:42 pm
Forum: Investing - Theory, News & General
Topic: "Uncle Sam Pays Almost Twice The Yield On Treasurys--If You Know Where To Look
Replies: 85
Views: 12158

Re: "Uncle Sam Pays Almost Twice The Yield On Treasurys--If You Know Where To Look

This discussion pops up from time to time--there are many threads if you search for "EE bonds". I've been buying $10K/year since I started working seven years ago, and will continue to do so for as long as Treasuries yield much less than EE bonds held to maturity. Each month, when I update...
by market timer
Sat Sep 24, 2016 4:17 am
Forum: Personal Finance (Not Investing)
Topic: When (or whether) to have a second child
Replies: 37
Views: 4109

Re: When (or if) to have a second child

Flight time from UAE to Europe is not that long. I vote for staying where you are, having the second kid, and maybe try to negotiate more vacation time so you can travel with your kids to Europe several weeks a year.
by market timer
Sun Sep 18, 2016 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: Living abroad. Retirement savings options?
Replies: 11
Views: 1740

Re: Living abroad. Retirement savings options?

Many people here started out buying 5.75% front load funds. I expect you'll drop the broker once you are more comfortable with the process. As an American investor living abroad, I've not found investing to be really any different than it was in the US.
by market timer
Sun Sep 18, 2016 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Education cost and kids
Replies: 64
Views: 5070

Re: Education cost and kids

I'd probably pay for a top 5 school or in-state tuition at a flagship public school. If my kids want to do something else, maybe I'll give them $100K in today's dollars and they can cover the rest. It's a long way away, hard to say.
by market timer
Sat Aug 20, 2016 3:29 am
Forum: Personal Finance (Not Investing)
Topic: Large amount of home equity - tempting to cash out and FIRE?
Replies: 57
Views: 4727

Re: Large amount of home equity - tempting to cash out and FIRE?

Why not list it now to see if you can get a decent price? If you still want to work in LA a couple years after you sell, you can rent.
by market timer
Mon Aug 15, 2016 9:02 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2070
Views: 557455

Re: What Book Are You Currently Reading? Part VI

Recommended by Marginal Revolution: The Last Samurai , by Helen Dewitt (not the basis for the Tom Cruise movie) Amazon blurb: Sibylla, an American-at-Oxford turned loose on London, finds herself trapped as a single mother after a misguided one-night stand. High-minded principles of child-rearing wor...
by market timer
Mon Aug 15, 2016 8:53 am
Forum: Personal Finance (Not Investing)
Topic: You have $10 Million and 10 years to live. What would you do?
Replies: 55
Views: 5489

Re: You have $10 Million and 10 years to live. What would you do?

Travel the world with my family. Take lots of pictures. Write a book so my kids would have something by which to remember me. Leave behind most of the money for my family.
by market timer
Mon Aug 15, 2016 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 304
Views: 44162

Re: Self-made Millionaires: how did hitting 7 figures change you?

More confidence to:
1. Leave a career I didn't enjoy with nothing else lined up
2. Have kids
3. Negotiate a promotion and raise for the first time
4. Feel relaxed at home and work
by market timer
Fri Aug 12, 2016 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff Debt at Sacrifice of Leisure?
Replies: 77
Views: 5753

Re: Payoff Debt at Sacrifice of Leisure?

- We want a single family home. Sadly, in California, this means usually $1.2-$1.5M. - We want kids sooner or later which aren't cheap. Add that along with the factors above, I feel like its a lot of money. Overall, I think we are in good financial situation with our EF & equity in house, etc. ...
by market timer
Fri Aug 12, 2016 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Payoff Debt at Sacrifice of Leisure?
Replies: 77
Views: 5753

Re: Payoff Debt at Sacrifice of Leisure?

Given your income and assets, you sound way too stressed about money. Lighten up, HardHitter.
by market timer
Sun Aug 07, 2016 12:18 am
Forum: Investing - Help with Personal Investments
Topic: Additional contributions to taxable account or pay down student loans
Replies: 10
Views: 740

Re: Additional contributions to taxable account or pay down student loans

I think it's close to a toss-up in this situation. I'd lean toward taxable investing if having a larger down payment for your house purchase would allow you to avoid PMI. Student loan debt will play a role in determining the size of mortgage your qualify for. Mortgage lenders look at your total requ...
by market timer
Fri Aug 05, 2016 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice please- look for a new job?
Replies: 13
Views: 1730

Re: Career advice please- look for a new job?

I think people should pretty much always be looking for other jobs, unless there is nothing out there better than their current job. How do you know you're getting a good deal on your salary unless you are getting rejected for similar or better positions elsewhere?
by market timer
Mon Aug 01, 2016 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Overseas Workers - Retirement/Tax Efficiency Portfolio Tips?
Replies: 9
Views: 438

Re: Overseas Workers - Retirement/Tax Efficiency Portfolio Tips?

Are you even eligible to contribute to a Roth if you exclude all your earnings with the FEIE? I'm under the impression this is not allowed. I definitely agree with paying into Social Security up to 40 credits and ideally up to the first bend point. You can do this overseas by starting a business. We...
by market timer
Sat Jul 30, 2016 2:19 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2070
Views: 557455

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: 73
Views: 6613

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: Personal Finance (Not Investing)
Topic: Early retirees, how much did you leave on the table?
Replies: 202
Views: 16349

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: 63
Views: 10043

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: 9376

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: 5624

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: 2118

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: 14695

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: 226
Views: 26177

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: 1275
Views: 205303

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: 2070
Views: 557455

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: 1275
Views: 205303

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: 2070
Views: 557455

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: 1275
Views: 205303

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: 1275
Views: 205303

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: 2208

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: 2257

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: 2070
Views: 557455

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: 1275
Views: 205303

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: 2482

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: 4019

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...

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