Search found 1058 matches

by wolf359
Fri Feb 16, 2018 12:07 pm
Forum: Investing - Theory, News & General
Topic: Retirees: The common sense withdrawal method
Replies: 100
Views: 8123

Re: Retirees: The common sense withdrawal method

I'm not currently retired, but I have been mulling over a question for those who are. I intend to use the 4% rule to get me into the ballpark, but use common sense for the actual withdrawal method. I'd benchmark the withdrawals against the 4% number so I'd know roughly if I'm getting out of hand or ...
by wolf359
Thu Feb 15, 2018 11:33 am
Forum: Investing - Theory, News & General
Topic: Wisdom of Bitcoin
Replies: 90
Views: 6800

Re: Wisdom of Bitcoin

I like the idea of bitcoin as a portable store of value which can evade government control, confiscation, collapse, etc. Years ago when family immigrated to America, all their valuables had to be left behind. It would be nice to have say 1/2 of networth stored in something that could be protected a...
by wolf359
Tue Feb 13, 2018 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Obligation to use car insurance proceeds?
Replies: 22
Views: 1565

Re: Obligation to use car insurance proceeds?

This is a common tactic of the insurance company. Usually the amount of the check is less than the actual cost to fix the problem at the shop. If you cash the check, you're done. If you let the insurance company know that you're fixing the problem, and sign the check over to the repair facility, th...
by wolf359
Tue Feb 13, 2018 2:10 pm
Forum: Investing - Theory, News & General
Topic: question/idea about automatic rebalancing
Replies: 5
Views: 309

Re: question/idea about automatic rebalancing

Couldn't you simply buy a Vanguard LifeStrategy Fund which simply automatically rebalances for you? For example, LifeStrategy Growth maintains 80% stock 20% bonds.
by wolf359
Tue Feb 13, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Obligation to use car insurance proceeds?
Replies: 22
Views: 1565

Re: Obligation to use car insurance proceeds?

This is a common tactic of the insurance company. Usually the amount of the check is less than the actual cost to fix the problem at the shop. If you cash the check, you're done. If you let the insurance company know that you're fixing the problem, and sign the check over to the repair facility, the...
by wolf359
Tue Feb 13, 2018 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: 4% rule and early retirement?
Replies: 69
Views: 8208

Re: 4% rule and early retirement?

The 4% Rule is born of studies using historical data and wet-nursed by modern Monte Carlo techniques and tools like Firecalc that quickly create highly individualized SWR assessments—all of which are designed to apply to you personally and all based on that same little file of historical data. You ...
by wolf359
Fri Feb 09, 2018 10:32 am
Forum: Investing - Help with Personal Investments
Topic: Started first big investment 2 weeks ago - Sell quick?
Replies: 29
Views: 1846

Re: Started first big investment 2 weeks ago - Sell quick?

If you were following Boglehead philosophy, then you did not invest money that you needed in the next 5 years. You deliberately chose the Roth path because you don't need this money for longer. Stay with that. There's no need to worry about this money for 20 years or more. When you're looking at sto...
by wolf359
Fri Feb 09, 2018 10:14 am
Forum: Personal Consumer Issues
Topic: Who has had a pool?
Replies: 79
Views: 4092

Re: Who has had a pool?

:beer I grew up with a pool. Had a pool back when my kids are younger... and now live somewhere with a community pool. I enjoyed the pool with my wife, it was fun with the kids... but in the off chance you have a choice I'd recommend the community pool over a personal pool. And the main reason is j...
by wolf359
Fri Feb 09, 2018 9:40 am
Forum: Investing - Theory, News & General
Topic: Blood in the water- buying?
Replies: 117
Views: 15906

Re: Blood in the water- buying?

Nobody buys when there is blood in the water. Sharks win every time. The expression is: " Buy when there is blood in the streets" and only buy if you think you smarter than every body else ( and have great resources). There is no blood in the water, in the streets or anywhere else. Not even close. ...
by wolf359
Thu Feb 08, 2018 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 230
Views: 14549

Re: free dinner investing seminar

I've never gone, but yes I would assume they are financial instruments designed to profit the person paying for the free dinner. I would expect everyone in the room attends for the free dinner with no intentions of purchasing, but enough sign up to justify the free dinner. Your friend very well may...
by wolf359
Thu Feb 08, 2018 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: ETF. What and how do you use them?
Replies: 35
Views: 1468

Re: ETF. What and how do you use them?

The main reason I prefer them is that it is much easier to automate the investing , without me having to touch anything. @wolf359 What do you do for automation? @the rest One thing that I don't like for Mutual Funds is the restriction of frequent-trading policy guidelines. I understand why it is, b...
by wolf359
Thu Feb 08, 2018 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: ETF. What and how do you use them?
Replies: 35
Views: 1468

Re: ETF. What and how do you use them?

I use primarily mutual funds. The main reason I prefer them is that it is much easier to automate the investing, without me having to touch anything. That said, I do have a few ETFs. I bought them for the following reasons (usually different reasons for different ETFs): 1) The minimum purchase amoun...
by wolf359
Tue Feb 06, 2018 5:01 pm
Forum: Personal Consumer Issues
Topic: Laughter is the Best Medicine - What makes you Laugh?
Replies: 105
Views: 5589

Re: Laughter is the Best Medicine - What makes you Laugh?

Ray and Tom Magliozzi from Car Talk. Their laughter is infectious! Yeah. They always came on the air right before Wait Wait. So sad when Tom died and they shut down production. One of my favorite callers had a complaint where his vehicle started up with no problem, initially had a lot of power, but...
by wolf359
Tue Feb 06, 2018 4:55 pm
Forum: Forum Issues and Administration
Topic: we need an individual stock sub forum
Replies: 31
Views: 1264

Re: we need an individual stock sub forum

While we're setting up the individual stock subforum, we should also put up forums for actively traded mutual funds, a marketplace for universal life insurance policies, non-traded REITs, leveraged ETFs, commodities, day-trading, and options strategies. :oops: All these things are actually counter t...
by wolf359
Tue Feb 06, 2018 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: $1000 a month for life into a taxable account
Replies: 23
Views: 3827

Re: $1000 a month for life into a taxable account

Is $1000 a month really not that big of a deal to invest each month? Guess I’m screwed - whatever This is all relative. When I first got started investing, $1,000/mo was a VERY big deal for me. I was also only making $24K/year. 30 years of career progression later, and it's not that big a deal anym...
by wolf359
Tue Feb 06, 2018 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: Am I being greedy?
Replies: 51
Views: 6075

Re: Am I being greedy?

Mid-30's was in my pre-Boglehead days. I was also 100% stocks back then, but they were individual stocks and actively traded mutual funds. I also took money off the table and bought a house. Your parents aren't that wrong. Buying a house was not a bad move. Due to a combinations of timing (luck) and...
by wolf359
Tue Feb 06, 2018 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken Premier 5-year subscription $0 (free) on quicken website
Replies: 157
Views: 8842

Re: Quicken Premier 5-year subscription $0 (free) on quicken website

moghopper wrote:
Mon Feb 05, 2018 11:23 pm
Wake me up when I need to join the class-action lawsuit.
Quicken will probably decide to settle any class-action lawsuit by refunding everybody's money. They might even give twice the amount paid back to the customer.
by wolf359
Tue Feb 06, 2018 11:56 am
Forum: Investing - Help with Personal Investments
Topic: Buy Low, Don't Sell
Replies: 38
Views: 5357

Re: Buy Low, Don't Sell

This is the justification for my auto-buy that I have used for years. I dump money in to my taxable accts with regularity and have an auto-buy that fires weekly. When the market does well, it's an error. When the market does poorly, I feel brilliant. And if my (usually wrong) human emotion thinks t...
by wolf359
Tue Feb 06, 2018 11:40 am
Forum: Personal Consumer Issues
Topic: Best epoxy/glue for sticking plastic to plastic
Replies: 29
Views: 1685

Re: Best epoxy/glue for sticking plastic to plastic

The expected life of a microwave oven is 5-8 years. You're almost in the timeframe where you'd need to get a new one anyways. I'd suggest trying the cheap glue solutions, then just get a new one if they don't work. At Costco, a decent size one is just over $100. I wouldn't bother getting the door re...
by wolf359
Tue Feb 06, 2018 11:02 am
Forum: Investing - Theory, News & General
Topic: Young vs Middle Aged?
Replies: 32
Views: 2862

Re: Young vs Middle Aged?

Sorry if this is a repeat;I saw a thread on this from 2012, but it didn't seem to really reach consensus. I'm wondering what people think the ages are for "Young" vs "Middle Aged"? Would you say young is before 40? Middle aged is 40-early retirement(60's)? I'm struggling with this also personally a...
by wolf359
Tue Feb 06, 2018 10:13 am
Forum: Investing - Theory, News & General
Topic: Interest rate cycle and what to invest in
Replies: 3
Views: 405

Re: Interest rate cycle and what to invest in

I remember that strategy. It was actually found in multiple books, mostly on technical analysis. The problem is that if you accept the premise that you can't forecast stocks, then you will quickly discover that forecasting interest rates is even harder. Every year since 2008, interest rates were at ...
by wolf359
Tue Feb 06, 2018 9:53 am
Forum: Investing - Theory, News & General
Topic: Reverse Market Timing (RMT)
Replies: 6
Views: 702

Re: Reverse Market Timing (RMT)

I know that the Boglehead philosophy is “hold the course” but if I have some discretionary cash lying around, should I not try and take the opportunity for this flash sale in stocks? I usually invest every week (automated investment at Vanguard) for my taxable account. This would just mean that I p...
by wolf359
Mon Jan 29, 2018 2:14 pm
Forum: Personal Consumer Issues
Topic: what do/did you do with your evenings with a Toddler in winters ?
Replies: 63
Views: 3893

Re: what do/did you do with your evenings with a Toddler in winters ?

Same ideas as the others, like reading, boxes, cheap toys that lead to open ended play... For special treats that are unusual, try things like: - Teach them how to make a parachute out of a napkin and string, tied to a toy. At that age, make it a very small stuffed animal. They'll be throwing it aro...
by wolf359
Mon Jan 29, 2018 9:27 am
Forum: Investing - Theory, News & General
Topic: In what ways could BogleHeads be badly wrong ?
Replies: 237
Views: 20545

Re: In what ways could BogleHeads be badly wrong ?

2. There is a significant home country bias, particularly toward the US, in implementation. Many Bogleheads use Total US Stock Market or S&P 500 for most if not all of their equity exposure. If the United States loses a major world war (like Germany, Japan, France, Poland), or is subject to signifi...
by wolf359
Thu Jan 25, 2018 3:36 pm
Forum: Investing - Theory, News & General
Topic: 401k millionaires
Replies: 158
Views: 23642

Re: 401k millionaires

I maxed out my 401k from when I was first eligible to get one (at 20) and still do (at 50). This included a range from when I was single through married, no kids, though married with two kids. During that time my income ranged from below median, to median, to 3x median as my career progressed. Howe...
by wolf359
Thu Jan 25, 2018 1:48 pm
Forum: Personal Consumer Issues
Topic: Smart home lighting: which lights to automate?
Replies: 19
Views: 1589

Re: Smart home lighting: which lights to automate?

I wake up in the dark every morning. I decided to automate the bedroom lamp. It cost me $13! https://www.amazon.com/gp/product/B00MVF16JG/ref=oh_aui_detailpage_o07_s00?ie=UTF8&psc=1 Very nice, but can you yell at it to turn the lights on? :wink: I don't get why anyone would prefer using his vocal c...
by wolf359
Thu Jan 25, 2018 1:44 pm
Forum: Investing - Theory, News & General
Topic: 401k millionaires
Replies: 158
Views: 23642

Re: 401k millionaires

I wonder what percentage of people with access to a 401k are maxing it out though? It's got to be low single digits. The median household income in the US is ~$55k. As a family income there is no way most people can max out a 401k. Mr. Money Mustache, Justin from Root of Good, the 'Frugalwoods' fam...
by wolf359
Thu Jan 25, 2018 9:32 am
Forum: Investing - Theory, News & General
Topic: In what ways could BogleHeads be badly wrong ?
Replies: 237
Views: 20545

Re: In what ways could BogleHeads be badly wrong ?

1. Bogleheads Philosophy may be too conservative, resulting in significant oversaving and resources transferred to the next generation (and lost to this one.) 2. There is a significant home country bias, particularly toward the US, in implementation. Many Bogleheads use Total US Stock Market or S&P ...
by wolf359
Wed Jan 24, 2018 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Fixed Index Annuities being pushed..advice?
Replies: 14
Views: 673

Re: Fixed Index Annuities being pushed..advice?

Tell him to say the following to his FA: Hello Mr. FA, can you tell me if you are a fiduciary or not? No, he needs the FA to confirm that he is a fiduciary, and is legally obligating himself to acting in the clients best interests, IN WRITING. Not just asking. My 401k plan's financial advisor toute...
by wolf359
Wed Jan 24, 2018 10:42 am
Forum: Investing - Theory, News & General
Topic: Bogle: there is nothing special about value, so why bet on it?
Replies: 26
Views: 2477

Re: Bogle: there is nothing special about value, so why bet on it?

The time to bet on something is when nobody wants to bet on it. If everybody "knows" value is better, and more people tilt to value, the value stocks will go up. Future returns, consequently, will be lower. Right now factor investing is popular, and so are the messages beating the drum for value, a...
by wolf359
Wed Jan 24, 2018 9:14 am
Forum: Investing - Theory, News & General
Topic: Bogle: there is nothing special about value, so why bet on it?
Replies: 26
Views: 2477

Re: Bogle: there is nothing special about value, so why bet on it?

The time to bet on something is when nobody wants to bet on it. If everybody "knows" value is better, and more people tilt to value, the value stocks will go up. Future returns, consequently, will be lower. Right now factor investing is popular, and so are the messages beating the drum for value, an...
by wolf359
Tue Jan 23, 2018 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 197
Views: 14352

Re: Stats on When People Take Social Security

2)Folks stress the longevity insurance that SS provides, and that is certainly true. And it's better than what the annuity marketplace offers. But, I did not find the dollar difference between payments at age 62 and age 70 to have any possibility of being life-changing for us. Of course, the percen...
by wolf359
Fri Jan 19, 2018 9:54 am
Forum: Investing - Help with Personal Investments
Topic: How to step in?
Replies: 10
Views: 1029

Re: How to step in?

You have already stepped in. You have $100K invested, and your current asset allocation is 0/100 (0% stocks, 100% fixed income/cash). Look up projections for how this asset allocation performs over time. https://personal.vanguard.com/us/insights/saving-investing/model-portfolio-allocations If this d...
by wolf359
Thu Jan 18, 2018 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: Lets talk about some favorite index funds?
Replies: 32
Views: 1723

Re: Lets talk about some favorite index funds?

"Favorite Index Funds" are the one's that fit these parameters tailored to one's unique financial needs and IPS statement. Three Fund Portfolio https://www.bogleheads.org/wiki/Three-fund_portfolio Funding Priority (what do I do first?) https://www.bogleheads.org/wiki/Prioritizing_investments Tax Ef...
by wolf359
Thu Jan 18, 2018 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 197
Views: 14352

Re: Stats on When People Take Social Security

I recently ran across a post on social media about when to take SS...Even though I've been around the personal finance block for a long time, I was truly shocked at the financial illiteracy that I saw. (Granted, it was just a single sample). Are we truly that small a percentage of the population? I...
by wolf359
Thu Jan 18, 2018 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 197
Views: 14352

Re: Stats on When People Take Social Security

I would expect that every year that goes by is going to see more and more taking it at 62. Why? For one thing, the impending drop to zero of the ss trust fund, at which point, the benefits are likely going to be greatly reduced. I ask my son (21 yo) when he would take SS and he just laughs and says...
by wolf359
Thu Jan 18, 2018 9:26 am
Forum: Personal Consumer Issues
Topic: How do you adjust side mirrors in a car?
Replies: 61
Views: 3674

Re: How do you adjust side mirrors in a car?

I do it the way you do, so that the side mirror sees into the blind spot. But I was taught to look anyways, because someone can be sliding into your blind spot as you make the lane change. The mirror only sees your blind spot, not your blind spot two lanes over. And yes, I've hit someone this way. I...
by wolf359
Thu Jan 18, 2018 9:19 am
Forum: Investing - Help with Personal Investments
Topic: Within 10 years of retirement
Replies: 13
Views: 3617

Re: Within 10 years of retirement

Cherijoh is right. I'd suggest setting up a contingency plan for what you do if you had to retire now, or at unexpected moments between now and your planned date. It's not just ageism that's a factor. Sometimes it's health, sometimes it's some family member's health. Sometimes it's the economy tanki...
by wolf359
Thu Jan 18, 2018 8:44 am
Forum: Investing - Help with Personal Investments
Topic: Automatic Investing
Replies: 11
Views: 684

Re: Automatic Investing

There should be no difference between push and pull. There may be a slight difference in that some banks send money faster than they receive it, or vice versa. That is, the transaction may take a little longer. Also, when Vanguard pulls the funds, they credit the amount the day they start the pull. ...
by wolf359
Fri Jan 12, 2018 11:00 am
Forum: Investing - Theory, News & General
Topic: Lower tax rates for 7 yrs.-Are you switching to Roth 401K
Replies: 65
Views: 5674

Re: Lower tax rates for 7 yrs.-Are you switching to Roth 401K

During the tax debate, they also came close to cancelling the traditional 401-k and forcing everyone into Roths. The lesson is that the future is uncertain, and nobody knows what tax changes may occur. Therefore, I want to take my tax deduction now, while I know what my benefit is, and while I can. ...
by wolf359
Fri Jan 12, 2018 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Getting your spouse on the same page
Replies: 53
Views: 5150

Re: Getting your spouse on the same page

I can't get my wife to stick to a budget, so I don't. She doesn't like talking about money, and feels I'm trying to control her or limit her when I do. Somehow, our spending always matches our income. Our checking account is around $1,000 when the next paycheck hits, regardless of raises and bonuses...
by wolf359
Fri Jan 12, 2018 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to "call in rich"?
Replies: 75
Views: 12388

Re: Is it time for me to "call in rich"?

Financially, you're fine. If you're not sure what you're going to do with your time, then you should try some "practice retirements." Take a long vacation or arrange a sabbatical. Mentally pretend that you're retired, and figure it out. Live on your retirement budget during that time. Make adjustmen...
by wolf359
Thu Jan 11, 2018 7:31 am
Forum: Investing - Help with Personal Investments
Topic: Buy bonds until market correction
Replies: 28
Views: 2579

Re: Buy bonds until market correction

I know we should not try to time the market... this might be just me, but the US stock market seems quite overpriced at the moment... If you had some money to invest in stock but don't think that now is a good moment to do so... would you invest it in bonds until there is a market correction and th...
by wolf359
Wed Dec 13, 2017 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: Office party secret santa, how to give the gift of investing?
Replies: 17
Views: 898

Re: Office party secret santa, how to give the gift of investing?

How about giving them BitCoin? It's all the rage, you can buy it under the dollar limit, doesn't have paper trail requirements, and it's something that someone who wouldn't buy on their own would probably happily accept. It can be delivered on a cheap USB drive, with the key provided with it, for ph...
by wolf359
Tue Dec 12, 2017 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: Retire in my early 40s? Crazy or actually doable?
Replies: 77
Views: 11154

Re: Retire in my early 40s? Crazy or actually doable?

You're getting a lot of good advice, but I wanted to add a different angle. I was looking at your original post, and you have a fully paid off house, and $2 million in taxable accounts. That's a lot of assets. What if someone sues you? Do you have adequate insurance and other liability protection? Y...
by wolf359
Tue Dec 12, 2017 3:44 pm
Forum: Investing - Theory, News & General
Topic: Small cap value vs. total market?
Replies: 104
Views: 11073

Re: Small cap value vs. total market?

WhiteMaxima wrote:
Tue Dec 12, 2017 3:31 pm
What to explain SCV outperform total stock market since 1928. If the reason still exists, then it is not hard to predict it will do the same in the future assuming investor will hold it long enough.
You mean, hold it for 89 years? I don't think I'll live that long <grin>.
by wolf359
Mon Dec 11, 2017 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: Use HSA money now for high medical expenses?
Replies: 8
Views: 1096

Re: Use HSA money now for high medical expenses?

The advantage of the HSA money is that if you save your receipts, you can withdraw the money (get reimbursed) at any time. Any money added to your IRAs has to wait until you are 59 1/2. That makes the HSA money effectively a Roth with no withdrawal limitations (up to the amount of the high medical e...
by wolf359
Mon Dec 11, 2017 9:54 am
Forum: Investing - Theory, News & General
Topic: Any of you trade just a little as a hobby?
Replies: 64
Views: 6235

Re: Any of you trade just a little as a hobby?

I used to trade momentum stocks before I ran into the tech meltdown. I didn't get just get a haircut. That buzz saw almost took my head off. Now when I'm feeling adventurous, I buy MTUM for my momentum trading. Only, it's not quite trading. I have only made three purchases and have held for more tha...
by wolf359
Mon Dec 11, 2017 9:20 am
Forum: Investing - Help with Personal Investments
Topic: What to do when emergency fund runs out? (IPS)
Replies: 8
Views: 1150

Re: What to do when emergency fund runs out? (IPS)

I'm not retired at this point. I would suspend new contributions (not 401-k) and divert them to the emergency fund. I would also stop reinvesting dividends and interest. If my IPS was already calling for a rebalancing, then I'd use some of the proceeds from that to fund the emergency fund. But I gen...
by wolf359
Wed Dec 06, 2017 9:35 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Bitcoin & It’s Risks
Replies: 57
Views: 5058

Re: Larry Swedroe: Bitcoin & It’s Risks

I found this article really interesting and the fact that you are own your own when it comes to securely storing your Bitcoins with no recourse if they get stolen should give many people pause. Hopefully some of the big players (Amazon for example) will step up and offer storage. I do find the tech...