Search found 93 matches

by skor99
Wed Jan 17, 2018 5:39 pm
Forum: Investing - Theory, News & General
Topic: Recent market gains
Replies: 18
Views: 1497

Re: Recent market gains

Keep in mind there is no money in the market because stocks are not money. What is happening is that the buyers of stocks are transferring money to the sellers of stocks, but there is not more money in total than before. However, that does not change the actual question as to who is giving up money...
by skor99
Wed Jan 17, 2018 4:43 pm
Forum: Investing - Theory, News & General
Topic: Recent market gains
Replies: 18
Views: 1497

Recent market gains

The question that comes to mind with all the recent very quick market gain is where is the money coming from ? Is this all the stock shunning conservative people suddenly getting bold and shoving money in or is it overseas investors ? People who are already in the market are probably rebalancing OUT...
by skor99
Sun Jan 14, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Firecalc question
Replies: 5
Views: 528

Re: Firecalc question

OK, good to know that. So if Somebody is able to be in The situation that fireCalc gives them 90% or more Success rate with a 3 to 3.5% real ROR , 10% std deviation and 3.5 to 4% SWR , that would probably mean, barring something completely horrible , they should be OK
by skor99
Sun Jan 14, 2018 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Firecalc question
Replies: 5
Views: 528

Firecalc question

I have been playing with firecalc recently and am seeing inconsistent behavior with the same set of inputs. With the recent rise in the markets, I am thinking the future rate of growth will not mirror historical trends and the real rate of growth will probably be around 3 to 3.5 % . If I use the his...
by skor99
Thu Jan 04, 2018 11:37 am
Forum: Investing - Theory, News & General
Topic: DOW breaks 25,000 for first time ever
Replies: 55
Views: 5479

Re: DOW breaks 25,000 for first time ever

1000 point rise from 24K means much lesser than 1000 from 10K . Are we seeing faster percentage based rises than earlier times now ?
by skor99
Sun Dec 31, 2017 10:33 am
Forum: Personal Finance (Not Investing)
Topic: So, how was the year ? Gains made and Lessons learnt ?
Replies: 75
Views: 6802

Re: So, how was the year ? Gains made and Lessons learnt ?

We've been a single income family since my daughter was born more than 20 years ago. Sounds like the thought of it stresses you a bit perhaps because it is new to you. You get used to it (or at least I have). I am nor sure about what you mean by "can't take chances" - if you have a single income th...
by skor99
Sat Dec 30, 2017 12:40 am
Forum: Investing - Help with Personal Investments
Topic: Is it me or does everything seem expensive?
Replies: 47
Views: 5227

Re: Is it me or does everything seem expensive?

For the people saying everything is cheap, they probably don’t have kids in college and they do not have to purchase medical insurance. People are spending thousands or even tens of thousands more per year than they did just 10 years ago on these items.
by skor99
Fri Dec 29, 2017 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: So, how was the year ? Gains made and Lessons learnt ?
Replies: 75
Views: 6802

Re: So, how was the year ? Gains made and Lessons learnt ?

Don't think you are the only one on the board with a single income. My DW retired when she was laid off 5 years ago. Anyway, this was the first year in more then 6 years that I had to rebalance in bonds due to the rise in stocks. In my case DW has been a homemaker pretty much all the time. By choic...
by skor99
Fri Dec 29, 2017 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: So, how was the year ? Gains made and Lessons learnt ?
Replies: 75
Views: 6802

So, how was the year ? Gains made and Lessons learnt ?

For me it was a good year overall, from a point of view of how my “balanced growth/limited risk” investments did, if not as much from a professional point of view. 3 or 4 more years like this and I can maybe dream of retirement , even somewhat early :-) having had a single income household for most ...
by skor99
Fri Dec 08, 2017 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Why am I still scared ? Is it actually normal ?
Replies: 81
Views: 13457

Re: Why am I still scared ? Is it actually normal ?

I came across this thread from last year and see some pretty good discussion on bogle heads, of all people, feeling stressed and scared about money. I would put myself in the same boat somewhat. OP’s 1.6 MM is nothing to be sneezed at ( could be even more now) , but with the future predictions of ev...
by skor99
Sat Dec 02, 2017 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Million dollar NW poverty in retirement ?
Replies: 11
Views: 2934

Million dollar NW poverty in retirement ?

https://www.cnbc.com/2017/11/30/even-a-1-million-retirement-nest-egg-isnt-enough-anymore.html Any truth to this or just scaremongering by vested interests ? Per the commonly available statistics, Most people do not have anything close to $1MM and no or very little pensions when they retire and yet t...
by skor99
Sun Oct 29, 2017 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Patient but not that lucky
Replies: 42
Views: 3174

Re: Patient but not that lucky

It is unlikely that we would have invested enough in AMZN, GOOG, APPL, FB, etc to make a difference in our life...they would only have a small allocation in our portfolio. It is unlikely that we would have held these throughout their ups and downs. Would we have sold when we had a 10%, 20% or 50% g...
by skor99
Sat Oct 28, 2017 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Patient but not that lucky
Replies: 42
Views: 3174

Re: Patient but not that lucky

Those individual stocks comprise around 15% of my portfolio and they are there, because per my research,I expected them to do relatively better as compared to the generic index fund. Those are stable big names so no FB like returns, but still have done better thus far than my index funds. Now, as we...
by skor99
Sat Oct 28, 2017 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Patient but not that lucky
Replies: 42
Views: 3174

Re: Patient but not that lucky

I am always on the lookout though of the next AMZN type though. No, I don't think like that. We have (mostly) broad index funds and accept Market returns. Consistent saving over decades has made us pretty lucky. :wink: I fully agree and follow the same approach. It is what is left after the 'mostly...
by skor99
Sat Oct 28, 2017 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Patient but not that lucky
Replies: 42
Views: 3174

Re: Patient but not that lucky

I actually do not expect any of them to triple anytime soon. Most of my stock holdings now are the slow stable big name types that pay a dividend. I am always on the lookout though of the next AMZN type though. I have gotten somewhat lucky with FB ( 2.5x now ) but it was a smallish investment and I...
by skor99
Sat Oct 28, 2017 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Patient but not that lucky
Replies: 42
Views: 3174

Re: Patient but not that lucky

I actually do not expect any of them to triple anytime soon. Most of my stock holdings now are the slow stable big name types that pay a dividend. I am always on the lookout though of the next AMZN type though. I have gotten somewhat lucky with FB ( 2.5x now ) but it was a smallish investment and I ...
by skor99
Sat Oct 28, 2017 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Patient but not that lucky
Replies: 42
Views: 3174

Re: Patient but not that lucky

OP, I was lucky that I lost 50% of my whole life savings 10+ years ago by gambling on the individual stocks. There was enough time for me to learn my lesson and recover from my mistake. It looks like you may not be as lucky. You had yet to suffer your big loss and learned from your lesson. KlangFoo...
by skor99
Sat Oct 28, 2017 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Early-retired 35 year old with $1 million
Replies: 198
Views: 19877

Re: Early-retired 35 year old with $1 million

It would seem a little counter intuitive, but having 1 MM at age 65 is better than 1 MM at 35 if you want to quit working. You still have many years to live and 1 MM in all probability will not cut it. Also IMO, it is tough to get back in the job market after a big gap in most professions. So unless...
by skor99
Sat Oct 28, 2017 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Patient but not that lucky
Replies: 42
Views: 3174

Re: Patient but not that lucky

If you are going to gamble on the Nasdaq and tech stocks then you need a lot of luck. I have never had a lot of luck so I don't gamble (anymore). Buy and hold funds or ETFs that cover the entire domestic stock/international stock/bond universe plus some cash reserves and then be patient and take wh...
by skor99
Sat Oct 28, 2017 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Patient but not that lucky
Replies: 42
Views: 3174

Patient but not that lucky

As I was looking at the rally in Nasdaq and the tech stocks yesterday, I started thinking back to the late 1990s and early 2000s and also to the 08-09 crash. It is said that the main thing one must have to invest in the stock market is patience. Being lucky is another that is not mentioned as much. ...
by skor99
Tue Oct 24, 2017 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: Who's got too much RE in India ??. Time to cash out??
Replies: 31
Views: 3199

Re: Who's got too much RE in India ??. Time to cash out??

I work in a large company and have many colleagues originally from India as colleagues. Some of them own RE in India and they talk about some of the same issues that you mention. It is hard to handle RE remotely even in the US, let alone a country 12 time zones away. A couple of them say that they h...
by skor99
Wed Oct 11, 2017 8:01 am
Forum: Investing - Theory, News & General
Topic: Cash on the sidelines impact ?
Replies: 14
Views: 1705

Re: Cash on the sidelines impact ?

The insinuation in the article was that this could be positive for the markets, but since I do not only read what I believe and don't believe everything I read, hence the question :-)
by skor99
Wed Oct 11, 2017 7:40 am
Forum: Investing - Theory, News & General
Topic: Cash on the sidelines impact ?
Replies: 14
Views: 1705

Cash on the sidelines impact ?

I was reading an article on cnbc and noticed the following - One of the greatest problems we still have in the world is how much money is sitting on the sideline," Fink said. "Even in places like Japan, there's $5 trillion in cash earning negative return. In Germany 72 percent of savings are in bank...
by skor99
Mon Oct 09, 2017 2:21 pm
Forum: Investing - Theory, News & General
Topic: Dividends growing at higher rates than inflation?
Replies: 9
Views: 881

Dividends growing at higher rates than inflation?

I have been looking at my dividend data from all my equity as well as bond holdings and see that in aggregate it has been growing between 6-10% per year - at an average of about 7.5 % . That is much higher than inflation. Am I missing something or are other folks seeing the same thing ? Also, what d...
by skor99
Wed Sep 20, 2017 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 27286

Re: Calling out the not so rich bogleheads

To all those posters who are trying to say that I was somehow trying to hide or downplay my financial status, I would ask to go through this thread and you will see that I have already mentioned in one of my posts that I feel fortunate to be in the two comma club. I did start off from zero, and the ...
by skor99
Tue Sep 19, 2017 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 27286

Re: Calling out the not so rich bogleheads

Is it only me or are the non LBYM people hidden in plain sight ? Pretty much everybody I know at work or otherwise seems to be the responsible kind, saving and investing as much as they can. Sure, some people drive the expensive cars but I believe they have a net worth to match those cars. The most ...
by skor99
Tue Sep 19, 2017 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 27286

Re: Calling out the not so rich bogleheads

Thanks to all for the responses. The basic intent was to bring out the silent ones who actually might be in the majority, but are too intimidated to speak up. I am fortunate enough to be in the two comma club now in my late 40s, but I started from zero in my 20s. I was putting myself in the place of...
by skor99
Mon Sep 18, 2017 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 27286

Calling out the not so rich bogleheads

I have been an avid follower of this forum for quite some time now and would firstly like to say there's nothing quite like it anywhere on the web. It provides so much useful information on so many different things that I would rate it as one of the most useful websites as it pertains to investing a...
by skor99
Sun Sep 17, 2017 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 183
Views: 20835

Re: Let's talk about your FI # and family income

Shouldn't age be a big consideration as well ? $2MM sounds like a reasonable FI#, but it is much better to have $2 MM at age 65 than 45, if somebody wants to stop working at those ages. Quitting work at 45 would mean a much lower SWR , especially if you have teenage kids ready to go to college.
by skor99
Mon Sep 11, 2017 4:30 pm
Forum: Personal Consumer Issues
Topic: New/used compact car
Replies: 9
Views: 695

Re: New/used compact car

Overall price and safety are the most important factors for me. Civics are very good cars on those points as well, but having a little bit more fun in a compact car is not that high on my list. I did check the price of used corollas on carmax and other sites and am seeing prices Like 14K for a 2014 ...
by skor99
Mon Sep 11, 2017 2:53 pm
Forum: Personal Consumer Issues
Topic: New/used compact car
Replies: 9
Views: 695

Re: New/used compact car

I would agree with you if those features were cosmetic in nature, but in the corolla these are automatic braking/pedestrian detection, Lane change warning etc. Somebody I know told me that the automatic braking feature has saved him from an accident already that he would have been at fault, so not s...
by skor99
Mon Sep 11, 2017 2:32 pm
Forum: Personal Consumer Issues
Topic: New/used compact car
Replies: 9
Views: 695

New/used compact car

Hello, I am considering buying a new or a used compact car and as a true boglehead would do :-) , I am comparing prices and value offered. I have been looking at the usual suspects honda Civic, Mazda 3, totota corolla etc. 2017 corolla seems to be a good buy with the redesign and inclusion of severa...
by skor99
Sun Sep 10, 2017 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Social Security bend points/early retirement estimates
Replies: 17
Views: 3135

Re: Social Security bend points/early retirement estimates

Yes, I tried that but for some reason it would not install. I think I am Ok for now with getting a general idea of what would my benefit at FRA be, in the hypothetical case of me not contributing anything to SS after this year (~$2200) . The numbers would only get better for future years worked.
by skor99
Sun Sep 10, 2017 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Social Security bend points/early retirement estimates
Replies: 17
Views: 3135

Re: Social Security bend points/early retirement estimates

... your bend points are not applied yearly . ... at age 60 your Adjusted Indexed Monthly Earnings (AIME) are calculated from your 35 highest wage index adjusted SS earning years. ... your Primary Insurance Amount (PIA) can be calculated from your AIME and the appropriate bend points. This is when ...
by skor99
Sat Sep 09, 2017 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Social Security bend points/early retirement estimates
Replies: 17
Views: 3135

Social Security bend points/early retirement estimates

I used an excel based calculator to calculate bend points based on my SS contributions over the years. The calculator shows me that I reached my second bend point this year and any remaining benefits would accrue @ approx 15% going forward. Also, it shows a benefit level of around $2170 in today's d...
by skor99
Thu Aug 31, 2017 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 168
Views: 18432

Re: What should the savings be for an average professional

Nevertheless, a good benchmark is very helpful. I support both sides of the argument: whether to live your life or to save for later. To some extent, benchmark helps me to know where I am so that I can adjust accordingly. I'm not going to live up my life in a blindfold financially, nor do I save ev...
by skor99
Wed Aug 30, 2017 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 168
Views: 18432

Re: What should the savings be for an average professional

As somebody pointed out, I am definitely referring to your average mechanical/chemical/computer engineer or accountant or pharmacist. The one who is a manager or maybe a senior manager making around 120-130K. I am definitely not talking about the top performer who made it to the top management and m...
by skor99
Wed Aug 30, 2017 11:42 am
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 168
Views: 18432

Re: What should the savings be for an average professional

Can't comment on how much someone in that scenario SHOULD have, but this thread sure makes me very glad to be part of a DINK couple. Even in a HCOL area, with a HS diploma/AA degree my SO and I lucky enough to have 2X gross annual income saved at age 30/26. If we have kids down the line (35/31) we ...
by skor99
Wed Aug 30, 2017 11:38 am
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 168
Views: 18432

Re: What should the savings be for an average professional

I understand that it is mostly a matter of personal preference when people decide to have kids, but from a pure financial point of view, I think it is much better to have kids earlier rather than later as soon as one has been employed for a few years ( say late twenties for the first and early 30s f...
by skor99
Wed Aug 30, 2017 7:46 am
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 168
Views: 18432

Re: What should the savings be for an average professional

My advice, determine your lifestyle, figure out how much it costs to live that lifestyle, make an approximation of what it would take in terms of a lump sum at 45, 50, 55, 60, 65, 70 years of age to retire. Then simply invest the difference between your income and your lifestyle expenses. When you ...
by skor99
Tue Aug 29, 2017 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 168
Views: 18432

Re: What should the savings be for an average professional

Average professionals don't save 20%+ of their income. Average professionals don't LBTM. Average professionals are reflected in the oft-quoted statistics about not being able to come up with $500 in cash for an emergency: https://www.cbsnews.com/news/most-americans-cant-afford-a-500-emergency-expen...
by skor99
Tue Aug 29, 2017 6:48 am
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 168
Views: 18432

Re: What should the savings be for an average professional

In my view, comparisons are important not so that you can blindly copy somebody but to try to see that you are not falling behind in this competetive world. Yes, You can isolate and focus on just yourself, but there are so many factors that you don't control, which would determine your future retire...
by skor99
Sun Aug 27, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Salary History for Chemical Engineer
Replies: 30
Views: 5277

Re: Salary History for Chemical Engineer

The situation is very different in the IT field even though you might be working as a computer/software engineer. If the area you are working in high demand you can get a higher salary or better still work as a highly paid consultant. Conversely, if the demand is low, you might not get any raises or...
by skor99
Thu Aug 24, 2017 11:18 am
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 168
Views: 18432

Re: What should the savings be for an average professional

100 % equity in a home is useless if somebody loves their home that they have spent years in and have fond memories. They would have to sell to benefit from the equity That is not correct. If you own your home outright, you are benefiting from the value of imputed rent. Imputed rent is the value fo...
by skor99
Thu Aug 24, 2017 10:51 am
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 168
Views: 18432

Re: What should the savings be for an average professional

100 % equity in a home is useless if somebody loves their home that they have spent years in and have fond memories. They would have to sell to benefit from the equity
by skor99
Thu Aug 24, 2017 9:53 am
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 168
Views: 18432

Re: What should the savings be for an average professional

This would not make much sense for people whose income fluctuates from year to year.
by skor99
Thu Aug 24, 2017 9:26 am
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 168
Views: 18432

Re: What should the savings be for an average professional

I was talking to a friend who am I open with about money topics and issues. We got talking about how much an average earning professional like an engineer or accountant should have saved after working for 20 years. To keep things simple, we just talked about a single earner family. Obviously there ...
by skor99
Thu Aug 24, 2017 9:20 am
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 168
Views: 18432

Re: What should the savings be for an average professional

Doesn't one need an estate first to do any estate planning? 8-)
by skor99
Thu Aug 24, 2017 9:09 am
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 168
Views: 18432

Re: What should the savings be for an average professional

Thanks for the confirmation, Jharkin and congratulations for being in a good position. One thing that comes to mind is that dual income is obviously good to have, but not absolutely necessary to accumulate a significant nest egg. I would think that the second income would have to be 45-50K at the le...