Search found 260 matches

by warowits
Tue May 23, 2017 5:01 pm
Forum: Investing - Theory, News & General
Topic: The dot com "do over" bull market?
Replies: 69
Views: 5950

Re: The dot com "do over" bull market?

I think people see a bubble because they look back to 2008-2009 and see the increase from there, but go back to 2002 or 2000 and let me know if the growth of the stock market over a longer period seems unreasonably high. This is a really fantastic point - if you consider the last few years simply p...
by warowits
Fri May 19, 2017 11:16 pm
Forum: Personal Consumer Issues
Topic: Lawyers charging for asking about fees
Replies: 62
Views: 7238

Re: Lawyers charging for asking about fees

Are lawyers "allowed" to bill you for time asking them about fees? Is it common practice? Against ABA guidelines? Just looking for guidance here. Thanks. I would say no in my experience billing people for a quick question about your bill is not common practice. As to ABA guidelines you ar...
by warowits
Mon May 15, 2017 5:52 pm
Forum: Personal Consumer Issues
Topic: Quality decline in off-brand alkaline batteries?
Replies: 28
Views: 1312

Re: Quality decline in off-brand alkaline batteries?

I will occasionally use a non rechargeable battery in my camera flash (Canon 430 ex ii). I only bring it up because at a big event like a wedding you have a fairly consistent discharge of a set of batteries, and can easily compare it to other times you have done the same thing. Brand name batteries ...
by warowits
Sun May 14, 2017 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Do i still need Term Life Insurance ?
Replies: 14
Views: 1220

Re: Do i still need Term Life Insurance ?

It is a personal decision, but I would say no.
by warowits
Sat May 13, 2017 1:42 am
Forum: Investing - Help with Personal Investments
Topic: Help a newbie
Replies: 3
Views: 322

Re: Help a newbie

No. It includes those companies, and they make up most of their holdings, but there are also medium and small size companies in there.
by warowits
Wed May 10, 2017 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for Long Term, Starting Small
Replies: 5
Views: 573

Re: Advice for Long Term, Starting Small

I don't see why I shouldn't hold AMZN when its return is 4x the S&P 500. A financial advisor told me to invest in international stocks because they are "undervalued" - what do you think? Is there a better option for where to invest if you think the market is going to take a turn? Or a...
by warowits
Wed May 10, 2017 11:50 am
Forum: Investing - Theory, News & General
Topic: Why Does The 60/40 Work So Well?
Replies: 72
Views: 9130

Re: WHy Does The 60/40 Work So Well?

Why has the 60%/40% asset allocation worked so well? The 35 year bond bull market that started in 1982. The 30 year Treasury bond yielded 14% in February 1982. Today it yields 3.02%. I don't think 30 year Treasury bond yield will fall 78% (14% to 3% from 1982 to 2017) over the next 30-35 years. The...
by warowits
Wed May 10, 2017 9:52 am
Forum: Investing - Theory, News & General
Topic: Uses of Debt
Replies: 21
Views: 2219

Re: Uses of Debt

The thing about spending tomorrow's money is you don't know how hard you will have to work to earn it yet. For example I find I am less likely to make a $1000 purchase with cash from savings than if I can just finance it. Most people are similar. There is no mathematical or tax advantage to getting ...
by warowits
Tue May 09, 2017 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: Young professional planning for early semi-retirement
Replies: 34
Views: 3990

Re: Young professional planning for early semi-retirement

livesoft wrote:Try to marry someone with a good job that likes to work, so you don't have to.


I have found it a little hard to sell the dream of early retirement to my spouse because they basically are retired as it is.
by warowits
Sun May 07, 2017 8:28 pm
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 18059

Re: Why save so much for when you're old?

EZ-Pee-Zee other than the fact that virtually no-one can afford to retire ever following the 2% Berstein Rule. I honestly think that it is irresponsible to advocate a 2% withdrawal rate to people just starting to plan for retirement. It does more harm than good. You think 'well we have been very co...
by warowits
Fri May 05, 2017 7:50 pm
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 18059

Re: Why save so much for when you're old?

Say you want 40k a year in retirement to spend above social security, you will need about a million dollars (ignoring inflation). You are 25 and you want to retire when you are 65, and you expect about a 6% return (ignoring inflation). For a 25 year old saving $538 a month isn't impossible, but it w...
by warowits
Fri May 05, 2017 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Motor Home Financing
Replies: 11
Views: 1134

Re: Motor Home Financing

Probably a lot of other information needed, but what is the rate and duration of the loan you are looking at?
by warowits
Wed May 03, 2017 9:29 pm
Forum: Investing - Theory, News & General
Topic: A Boglehead Guide to Buying Individual Stocks
Replies: 85
Views: 6644

Re: A Boglehead Guide to Buying Individual Stocks

oldzey wrote:A Boglehead Guide to Buying Individual Stocks:

Don't!


Read the whole thread to see if I could be the first, but you just beat me.
by warowits
Sun Apr 30, 2017 10:15 pm
Forum: Investing - Help with Personal Investments
Topic: Financial NonAdvice
Replies: 12
Views: 1453

Re: Financial NonAdvice

I would like your wisdom on whether I should try out another financial planner and comments on my current portfolio. Yip You seem to have a good portfolio. Do not be fooled into thinking a more complex strategy is a better strategy, it often isn't. The only thing that I can see is if you have enoug...
by warowits
Thu Apr 27, 2017 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking advice: Pay off student loan or ???
Replies: 15
Views: 1121

Re: Seeking advice: Pay off student loan or ???

I would pay it off without a second thought. If someone offered me a 2% interest $12,000 dollar loan to invest in the market right now I would not accept it.
by warowits
Thu Apr 27, 2017 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Retirement spreadsheet help (excel)
Replies: 11
Views: 661

Re: Retirement spreadsheet help (excel)

abner kravitz wrote:
I hit format/sheet/unhide on mine and it allowed viewing


That is what I was looking for, thanks.
by warowits
Thu Apr 27, 2017 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Retirement spreadsheet help (excel)
Replies: 11
Views: 661

Re: Retirement spreadsheet help (excel)

The "Chart Details" change based on the "Input" changes. I played around with this for a while. IMHO, I think the OP simply forgot to enable editing. I have enabled editing. The problem is when you put in age 62 it uses it to calculate both the age you start taking withdrawals a...
by warowits
Thu Apr 27, 2017 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Retirement spreadsheet help (excel)
Replies: 11
Views: 661

Re: Retirement spreadsheet help (excel)

The cells in the bottom half of the spreadsheet are not designed to be changed, only the input section on the top is for changes. It's a pretty basic spreadsheet and won't do a lot of different things, if I understand it correctly. All the calculations are done on a hidden worksheet. Can I unhide t...
by warowits
Thu Apr 27, 2017 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Retirement spreadsheet help (excel)
Replies: 11
Views: 661

Retirement spreadsheet help (excel)

I am using Excel to do a retirement spread sheet and I really like the 'retirement planner' template that Microsoft has here https://templates.office.com/en-us/Retirement-financial-planner-TM04022385 The problem is I am not really knowledgeable about excel and I can't seem to modify it to have a dif...
by warowits
Tue Apr 25, 2017 1:29 am
Forum: Personal Finance (Not Investing)
Topic: Helping adult children
Replies: 81
Views: 8130

Re: Helping adult children

I'd love to hear comments from folks who may be in a similar situation. Do you feel it's necessary to let Son 2 specifics as to how you are helping Son 1's family. Is it really any of his business while we are still alive? Fair is fair, irrespective of what one needs. I see no health- or safety-rel...
by warowits
Mon Apr 24, 2017 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Helping adult children
Replies: 81
Views: 8130

Re: Helping adult children

I am in my early 30s, and my parents have 5 adult children, many of whom have been helped out financially at one time or another. The idea that they would give me money to make it 'even' when one of my brothers needed help is insulting. I am an adult. I have no claim to my parents money. They can sp...
by warowits
Mon Apr 24, 2017 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 170
Views: 19727

Re: Any regrets living a frugal life for high income/high networth individuals?

I wasn't really sure how this measured, but I used this https://dqydj.com/net-worth-by-age-calculator-for-the-united-states/ Which is using data from the 2013 Federal Survey of Consumer Finances (2016 survey data doesn't appear to be out yet) :thumbsup to what WolfgangPauli said.... I can't think o...
by warowits
Sat Apr 22, 2017 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Crazy - but can a CFP get paid on their own assets?
Replies: 15
Views: 1798

Re: Crazy - but can a CFP get paid on their own assets?

Why would you bother? Its already your money.
by warowits
Sat Apr 22, 2017 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Should some professions tell people how much they make?
Replies: 39
Views: 4962

Re: Should some professions tell people how much they make?

People who hire you and then quit after 2 months clearly aren't doing because of your appearance. Make sure in your marketing that tutoring should be a long term commitment. Maybe even sign yearly contracts once they have done an intro period. I can't sign my kid up for flute lessons or gymnastics w...
by warowits
Fri Apr 21, 2017 10:01 pm
Forum: Personal Consumer Issues
Topic: 2017 Mazda CX-5 vs. 2017 Honda CRV
Replies: 17
Views: 2349

Re: 2017 Mazda CX-5 vs. 2017 Honda CRV

The difference to me seems to be that the Mazda is more engaging to drive and the Honda is better in basically every other way. I would buy the Honda if it were a new car year. Rear seat and cargo space in the CRV are very good. I need a vehicle to haul kids and groceries, so if your life is more ex...
by warowits
Sun Apr 16, 2017 10:37 am
Forum: Investing - Theory, News & General
Topic: Mercedes Benz Demand Notes 1.6%
Replies: 21
Views: 2468

Re: Mercedes Benz Demand Notes 1.6%

I feel like you are not being adequately compensated for the added risk you're taking.
by warowits
Sat Apr 08, 2017 2:27 am
Forum: Investing - Theory, News & General
Topic: Kindle Specials on Four Pillars and If You Can
Replies: 22
Views: 3223

Re: Kindle Specials on Four Pillars and If You Can

Did I miss it already? Was it really just one day?
by warowits
Sun Apr 02, 2017 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Young-ish bogleheads: How much (if any) social security do you expect in retirement?
Replies: 88
Views: 4501

Re: Young-ish bogleheads: How much (if any) social security do you expect in retirement?

I assume that it will be around at about 75%-85%. I assume that they will fiddle with increases/inflation to get to that level without actually "cutting" SS. For someone saving for and thinking about retirement you will likely only be getting about 40% of your retirement income (perhaps fa...
by warowits
Tue Mar 28, 2017 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter maxed out credit cards, needs help from me
Replies: 92
Views: 4902

Re: Daughter maxed out credit cards, needs help from me

Your plan sounds good, just be clear that this won't keep happening. If her boyfriend is getting money from family for living expenses, and now she is getting the same, they have built a life that cannot work. It must change, but you already know that. Perhaps tell her she can get a loan from the ba...
by warowits
Mon Mar 27, 2017 6:20 pm
Forum: Investing - Theory, News & General
Topic: Like ability to buy/sell ETF shares relatively instantantly, or doesn't really matter in the long run?
Replies: 4
Views: 302

Re: Like ability to buy/sell ETF shares relatively instantantly, or doesn't really matter in the long run?

Because you don't know where the market is going, sometimes you will pay a little more, sometimes a little less with an ETF. Over time I would expect them to even out. There are some real behavioral pitfalls with ETFs though. If small daily changes occupy your mind, you are more likely to do somethi...
by warowits
Sat Mar 18, 2017 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: A newbie to Boglehead system, looking for some advice
Replies: 5
Views: 401

Re: A newbie to Boglehead system, looking for some advice

There are reasons a person may decide not to invest in emerging markets, as there is increased risk there. But I think if you just start your charts a couple years earlier you'll see that EM did very well. If the point is to buy low and sell high, emerging markets right now are low, and us stocks ar...
by warowits
Fri Mar 17, 2017 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: IRA or SEP-IRA?
Replies: 4
Views: 205

Re: IRA or SEP-IRA?

I don't think it matters to the IRS.
by warowits
Fri Mar 17, 2017 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie advise
Replies: 1
Views: 128

Re: Newbie advise

By maxing out our 401ks how much will that benifet us tax wise etc,we make about 160 per year. 18,000 x 2 x marginal tax rate = Tax savings About $10,000 saved per year in the 28% bracket, but there could be other credits and whatnot that you may be eligible for as your income comes down. Best way ...
by warowits
Thu Mar 09, 2017 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: New to all of this, need a consult/reassurance please.
Replies: 30
Views: 1632

Re: New to all of this, need a consult/reassurance please.

Thanks for your quick response! Regarding 4), how would I fund it with pre-tax dollars? Do you mean pay for it with after-tax dollars and claim a deduction for the contribution at tax time? Thanks again! Yep. Though keep in mind there is an awful lot to think about before choosing ROTH v. Tradition...
by warowits
Thu Mar 09, 2017 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: New to all of this, need a consult/reassurance please.
Replies: 30
Views: 1632

Re: New to all of this, need a consult/reassurance please.

Questions: 1. I am pretty much guessing at my asset allocation and % international above. I have heard "own your age" in bonds, but that seems awfully conservative assuming I have 20-25 (or more) years left until retirement. Do my targets sound reasonable, or would you recommend something...
by warowits
Wed Mar 08, 2017 6:11 pm
Forum: Personal Consumer Issues
Topic: Help! Need to refund money in PayPal from Nigeria
Replies: 18
Views: 2785

Re: Help! Need to refund money in PayPal from Nigeria

This is a scam. Contact paypal.
by warowits
Wed Mar 08, 2017 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: New Investor, need portfolio advice
Replies: 8
Views: 544

Re: New Investor, need portfolio advice

1. What should my portfolio be comprised of? Any recommendations? 2. Once I set up my accounts, should I be checking into my account frequently to decide if I should change my investments? How often should I be looking into changes? 3. I would really like to start saving (or investing) towards a do...
by warowits
Wed Mar 08, 2017 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: Wellesley or Balanced index?
Replies: 26
Views: 1636

Re: Wellesley or Balanced index?

The difference in returns over the last ten years are negligible. If the choice is between the two of them don't let some tiny difference in 10 year performance make your mind up for you.
by warowits
Tue Mar 07, 2017 10:17 pm
Forum: Investing - Help with Personal Investments
Topic: 27 yrs old. Reading Bogleheads guide to investing. Still need help.
Replies: 24
Views: 2002

Re: 27 yrs old. Reading Bogleheads guide to investing. Still need help.

You have gotten great advice, just wanted to throw out there that Schwab has Target Retirement Index funds too, and the ER is lower than Vanguard's. The minimum to open one at Schwab is also only $100 (no need to save up for the $1000 minimum at Vanguard) which is the main reason my son's Roth IRA ...
by warowits
Tue Mar 07, 2017 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: 27 yrs old. Reading Bogleheads guide to investing. Still need help.
Replies: 24
Views: 2002

Re: 27 yrs old. Reading Bogleheads guide to investing. Still need help.

You have gotten great advice, just wanted to throw out there that Schwab has Target Retirement Index funds too, and the ER is lower than Vanguard's. The minimum to open one at Schwab is also only $100 (no need to save up for the $1000 minimum at Vanguard) which is the main reason my son's Roth IRA ...
by warowits
Mon Mar 06, 2017 11:20 pm
Forum: Investing - Help with Personal Investments
Topic: 27 yrs old. Reading Bogleheads guide to investing. Still need help.
Replies: 24
Views: 2002

Re: 27 yrs old. Reading Bogleheads guide to investing. Still need help.

After reading and watching the videos, I understand the basics of the philosophy. However, even after reading and watching all the videos, I don't know where to actually start. There is so much information and terminology that I am not used to, that I get more confused the more I read. I need an ac...
by warowits
Mon Mar 06, 2017 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Basic "what now?" question
Replies: 7
Views: 890

Re: Basic "what now?" question

Basic questions around emergency fund vs. investing vs debt paydown. 1) What should i do with the $10k in emergency funds? Should I keep it there? Or should I do a 2016 and/or 2017 Roth IRA contribution(s) of $5k each and have the Roth as my emergency fund? 2) Should I just pay off the $13k in 0% o...
by warowits
Mon Mar 06, 2017 8:15 pm
Forum: Investing - Help with Personal Investments
Topic: Getting old and need advice on retirement goal & planning
Replies: 17
Views: 1647

Re: Getting old and need advice on retirement goal & planning

To generate 120k a year, at 4 % wr, Op would need $3m. I think there needs to be a lot more saving/investing as accounts are 695k. Get rid of the cost of condom and sink $ into retirement. I think that is one expense I would definitely not skimp on. But yes get rid of that condo and start saving mo...
by warowits
Sun Mar 05, 2017 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Think I'm ready, but not overly confident
Replies: 28
Views: 2955

Re: Think I'm ready, but not overly confident

You seem more than ready from an assets standpoint. Most people would call it overkill. Cash holding seems high, but I can guess why with the way things are in the bond market. Enjoy retirement.
by warowits
Fri Mar 03, 2017 1:33 am
Forum: Personal Finance (Not Investing)
Topic: Refinance without PMI?
Replies: 27
Views: 1766

Re: Refinance without PMI?

Once you pay the loan down to 78% of the home value they must drop it. Depending on how much of a down payment you made you might be able to pay it down a bit and get out from under PMI. I had an FHA loan once, I couldn't get rid of the PMI even if I paid down the loan. So I did a refi. You should ...
by warowits
Fri Mar 03, 2017 12:21 am
Forum: Investing - Theory, News & General
Topic: How to 'deal' with large swings in withdrawals when using VPW?
Replies: 26
Views: 1916

Re: How to 'deal' with large swings in withdrawals when using VPW?

I think the VPW works best in conjunction with a fixed income either from Social Security, a pension, or an annuity. So I personally have thought about saving until I am 60, figuring out my SS payments if I wait until 70 (say 40k), and then using a chunk of my retirement funds to purchase a 10 year ...
by warowits
Fri Mar 03, 2017 12:07 am
Forum: Personal Finance (Not Investing)
Topic: Refinance without PMI?
Replies: 27
Views: 1766

Re: Refinance without PMI?

Once you pay the loan down to 78% of the home value they must drop it. Depending on how much of a down payment you made you might be able to pay it down a bit and get out from under PMI.
by warowits
Mon Feb 27, 2017 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Seems Dave Ramsey is right about debt
Replies: 55
Views: 10674

Re: Seems Dave Ramsey is right about debt

Ramsey will get you out of debt and ready to start investing. Just don't listen to his insane advice about investing (high fee mutual funds and advisors, which give him a kickback of course).
by warowits
Mon Feb 27, 2017 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: Investing help needed
Replies: 3
Views: 423

Re: Investing help needed

pancake100 wrote:Market is at all time high and I feel uncomfortable putting all into market right now.
Thanks


If it was already in the market and had been for a while, would you sell?
by warowits
Mon Feb 27, 2017 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage vs student loans
Replies: 32
Views: 1424

Re: Mortgage vs student loans

You make 200k and are taking out a 256k home loan, you will be fine. The question of focusing on paying down a mortgage faster or student loans is always tricky, but as long as you have a plan to attack both pretty quick you will be fine. I think recency bias from the housing crash has too many peop...

Go to advanced search