Search found 829 matches

by wrongfunds
Wed Nov 22, 2017 7:45 pm
Forum: Personal Consumer Issues
Topic: Tesla truck unveil
Replies: 98
Views: 5822

Re: Tesla truck unveil

$250K for founders edition (sold out) $250K reservation fee
Tesla took deposit on 1000 founders editions. That is cool quarter Billion dollar cash collected by Tesla without having to deliver anything but just a dream!

Tell me any other company which can do that.
by wrongfunds
Wed Nov 22, 2017 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 138
Views: 7764

Re: Why not take Social Security at 62

Assuming men and women have the identical wage and salary income Would you be able to say that with complete straight face? Or better, would you be able to show me *any* study proving that? I have made NO SUCH assertion at all. PLEASE do not claim that I made any such assertion. PLEASE read the exa...
by wrongfunds
Wed Nov 22, 2017 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 138
Views: 7764

Re: Why not take Social Security at 62

Assuming men and women have the identical wage and salary income
Would you be able to say that with complete straight face? Or better, would you be able to show me *any* study proving that?
by wrongfunds
Wed Nov 22, 2017 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 195
Views: 15857

Re: Why NOT make more money?

Are you not worried that as your living expense go up, may be your salary might not be able to keep up with it? Suppose you make $200K as gross salary. If you could replace your gross salary at 2% draw, would you then not worry? If you had 8 figures in invest-able assets, you can take out $200K per ...
by wrongfunds
Tue Nov 21, 2017 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 195
Views: 15857

Re: Why NOT make more money?

Future expenses are really difficult to be accurate. For example, I just received my house insurance rate for the next year with about 40% increase. I live in an area of no natural disasters and have not had any claim for at least 7 years. You example would make sense if your house insurance costs ...
by wrongfunds
Sun Nov 19, 2017 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 195
Views: 15857

Re: Why NOT make more money?

But I was not talking about doubling the travel budget, I was talking about travel budget being as much as the rest of the expenses aka 7x them :-) How many OMY would it take then? Seriously, your point about being able to do only two 1 week vacation in the travel budget was right on the money. What...
by wrongfunds
Sun Nov 19, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 195
Views: 15857

Re: Why NOT make more money?

But your point still stands i.e. it is not easy to estimate your actual expenses in retirement based upon your current expenses. I think one should just double them to be safe :-) If you had 70K of travel budget and 70K of rest of living expense, would you then be happy? Round up all of the other so...
by wrongfunds
Fri Nov 17, 2017 8:05 pm
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 128
Views: 10054

Re: [Bitcoin] question

Have you locked in your profit or are you going to wait until it becomes in to 6 millions and then in to 60 millions before cashing out?

And yes, congratulations for your perseverance. It paid off handsomely (assuming you actually cashed in the gains)
by wrongfunds
Fri Nov 17, 2017 4:47 pm
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 174
Views: 11254

Re: The 4% rule DOES fail but still makes sense!

If retirees truly feared running out of money more than death, then why aren't more buying guaranteed income through vehicles such as SPIAs? They might not guarantee a certain standard of living, but they do guarantee that you'll never run out of money. Why should I believe in the guarantee given b...
by wrongfunds
Fri Nov 17, 2017 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 195
Views: 15857

Re: Why NOT make more money?

And that is one of the big fear of many BH. They might have good handle on their current expenses while employed and while having limited time for spending money but how do they estimate retirement expenses if they have unlimited amount of time to spend it? I know it sounds funny but still it is a l...
by wrongfunds
Fri Nov 17, 2017 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 195
Views: 15857

Re: Why NOT make more money?

Is it "put the pin" or "pull the pin"? Not being native American speaker, these type of idioms always gets me.
by wrongfunds
Fri Nov 17, 2017 11:07 am
Forum: Personal Consumer Issues
Topic: Tesla truck unveil
Replies: 98
Views: 5822

Re: Tesla truck unnveil

If you want to buy Roadster when it becomes available, all you have to do is to put the full purchase price of $250K as deposit right now for promised delivery in 2020. DualTomato needs to get on the list so that rest of BH can live vicariously.
by wrongfunds
Fri Nov 17, 2017 10:03 am
Forum: Personal Consumer Issues
Topic: Tesla truck unveil
Replies: 98
Views: 5822

Re: Tesla truck unnveil

If you buy Tesla roadster with autopilot option, I will come personally to you and you will NOT like what I do to you :-)

Seriously, I am saddened that every Tesla roadster will be purchased with autopilot option and Tesla would publish Nuremberg Ring numbers with no driver in the car.
by wrongfunds
Fri Nov 17, 2017 8:14 am
Forum: Personal Consumer Issues
Topic: Tesla truck unveil
Replies: 98
Views: 5822

Re: Tesla truck unnveil

aaarggg, no price listed for the Roadster :-( I think if I can do "OMY" for 20 more years, I might be able to afford it :-)
by wrongfunds
Thu Nov 16, 2017 1:39 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 4148
Views: 1102296

Re: U.S. stocks in freefall

The biggest question that I have is "Will this week end up in red i.e. close less than last Friday?" and if that is the case, how far would we have to go in the past to find similar "freefall"?
by wrongfunds
Thu Nov 16, 2017 10:50 am
Forum: Investing - Theory, News & General
Topic: The World's Negative Interest Rate Experiment
Replies: 34
Views: 3279

Re: The World's Negative Interest Rate Experiment

Does the cash in the brokerage account also incur negative interest rate?

There has to be better methods of storing money than putting the bundles in microwave.
by wrongfunds
Thu Nov 16, 2017 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Fair way to split expenses?
Replies: 105
Views: 4490

Re: Fair way to split expenses?

Does she file her own taxes? If you are filing jointly and she is signing the tax returns, you both know each others salary. The response to this thread appears to be dependent on whether you are in a first or second marriage (or third and greater) and with children from previous marriages. It also ...
by wrongfunds
Wed Nov 15, 2017 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: sell fidelity index mutual fund and replace with etf index for tax benefit?
Replies: 21
Views: 1719

Re: sell fidelity index mutual fund and replace with etf index for tax benefit?

I am not seeing vast difference between corresponding funds FSTVX vs VTSAX
Fidelity® Total Market Index Fund - Premium Class vs Vanguard Total Stock Market Index Fund Admiral

I see about $1.50 vs $1.20 and both have comparable NAV.

Am I wrong in my guesstimate?
by wrongfunds
Wed Nov 15, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Fair way to split expenses?
Replies: 105
Views: 4490

Re: Fair way to split expenses?

"Fair" is a four letter word which starts with letter "F". It always causes problem.
by wrongfunds
Wed Nov 15, 2017 2:16 pm
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 174
Views: 11254

Re: The 4% rule DOES fail but still makes sense!

Do people actually take their annual withdrawal in single chunk before actually needing the amount? Or they do it just do it to avoid having to take it later if the market went down? I think in my case, I would more likely take the money as "needed basis" assuming I keep reasonable balance in the ch...
by wrongfunds
Wed Nov 15, 2017 1:46 pm
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 174
Views: 11254

Re: The 4% rule DOES fail but still makes sense!

If you run the numbers monthly, you never have to worry about 20% annual drop, do you? Now we need some of the Excel warriors to find out if you are right or I am right about the hypothesis. May be we should tell Bill B. himself to see what happens if he uses monthly numbers? It is time that he come...
by wrongfunds
Wed Nov 15, 2017 1:41 pm
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 174
Views: 11254

Re: The 4% rule DOES fail but still makes sense!

How about purchasing "insurance" for that treatment instead of purchasing LTC? :-)
by wrongfunds
Wed Nov 15, 2017 1:31 pm
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 174
Views: 11254

Re: The 4% rule DOES fail but still makes sense!

If 25x is "VASTLY more money than overwhelming majority will ever have", what does 3% imply? One credible reason that I can put with needing lot more than 25x is the coming inflection point in technological improvement to life longevity itself. The technology curve plotted on logarithmic scale is no...
by wrongfunds
Wed Nov 15, 2017 1:13 pm
Forum: Personal Consumer Issues
Topic: Michelin or Bridgestone?
Replies: 67
Views: 3539

Re: Michelin or Bridgestone?

Got it! There is always a 4 day period when the ping pong ball is right on the net aka neither M nor B is on sale and I suspect that is the Costco way of giving you essentially the same discount as the installation cost is $60 for 4 tires.
by wrongfunds
Wed Nov 15, 2017 11:53 am
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 174
Views: 11254

Re: The 4% rule DOES fail but still makes sense!

my simplistic plan is to retire with more than i would ever need - say, a 2.5-3% withdrawal rate based on a moderately exaggerated budget - and just prudently draw down as i go... That works too but understand you are now essentially applying 2% guideline to your realistic expense budget. You can a...
by wrongfunds
Wed Nov 15, 2017 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Fair way to split expenses?
Replies: 105
Views: 4490

Re: Fair way to split expenses?

Write down what you think is fair on piece of paper. Have your wife do the same. Then take a match and burn your paper. Use her paper to decide how to split the expenses. Anybody who is married over 30 years will agree with me.
by wrongfunds
Wed Nov 15, 2017 11:38 am
Forum: Personal Consumer Issues
Topic: Michelin or Bridgestone?
Replies: 67
Views: 3539

Re: Michelin or Bridgestone?

There is also free installation till 11/22 at costco which saves about $60 more.
Can anybody confirm this? I have not seen free installation in years at Costco. They just ping pong $70 rebate between Michelin and Bridgestone every few weeks.
by wrongfunds
Wed Nov 15, 2017 10:41 am
Forum: Investing - Theory, News & General
Topic: The fear of retirement, black swan, and math to dissuade the fear.
Replies: 136
Views: 12722

Re: The fear of retirement, black swan, and math to dissuade the fear.

This all sounds a little foolish to me But do you find it funny? Would you risk being ridiculed for snickering at the ground breaking and Nobel prize winning assertion of "Market has high probability of going down when it goes high"? Honestly, I am laughing at the fact that people find this so amaz...
by wrongfunds
Wed Nov 15, 2017 10:14 am
Forum: Investing - Theory, News & General
Topic: The fear of retirement, black swan, and math to dissuade the fear.
Replies: 136
Views: 12722

Re: The fear of retirement, black swan, and math to dissuade the fear.

The historical record shows us that prospective returns are negatively correlated to starting valuations. Am I the only one who finds this very funny? People have actually written papers on this topic! Is it a coincidence when I find a down market, it was high before it went down? I think there mus...
by wrongfunds
Wed Nov 15, 2017 9:44 am
Forum: Investing - Theory, News & General
Topic: The fear of retirement, black swan, and math to dissuade the fear.
Replies: 136
Views: 12722

Re: The fear of retirement, black swan, and math to dissuade the fear.

My frustration with this recurring topic is that even the most talented posters here do not seem to understand that this type of modeling should always be used as very rough guideline rather than any sort of rule. I know I am not a good teacher because something which are so obvious to me that I hav...
by wrongfunds
Wed Nov 15, 2017 9:32 am
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 174
Views: 11254

Re: The 4% rule DOES fail but still makes sense!

I still don't get why you guys are stuck up on annual numbers. Given the available data and the unlimited compute power, run the various scenario with monthly or twice weekly or quarterly payout. I do see an issue that the real inflation numbers are only computed annually but we can probably make so...
by wrongfunds
Tue Nov 14, 2017 12:29 pm
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 174
Views: 11254

Re: The 4% rule DOES fail but still makes sense!

In a historical periods model there are perhaps a hundred periods so plus or minus one means nothing,including that 100% success is meaningless. Can you explain why there are only 100 periods? Is it because one only has data for a single point in a year? What if one had data for every quarter or be...
by wrongfunds
Tue Nov 14, 2017 9:48 am
Forum: Investing - Help with Personal Investments
Topic: Asset allocation for 5% return
Replies: 65
Views: 4777

Re: Asset allocation for 5% return

Here is the confusing part. One does not become somebody who is in a position to start a successful company and being able to employ other people without being smart and determined. The smart person has to understand when he is trying to do something which is not possible to do given the current kno...
by wrongfunds
Tue Nov 14, 2017 9:35 am
Forum: Investing - Theory, News & General
Topic: The fear of retirement, black swan, and math to dissuade the fear.
Replies: 136
Views: 12722

Re: The fear of retirement, black swan, and math to dissuade the fear.

But did you not get the fact that 25X in itself is extremely rough number (aka inaccuracy) itself? Much of this type of discussion seems to be so laughable if one has taken rudimentary statistical courses. Before somebody tells me how Trinity research proved that 4% worked but 4.01% failed and thus ...
by wrongfunds
Mon Nov 13, 2017 8:30 pm
Forum: Investing - Theory, News & General
Topic: The fear of retirement, black swan, and math to dissuade the fear.
Replies: 136
Views: 12722

Re: The fear of retirement, black swan, and math to dissuade the fear.

where is this number 26.99998Xcoming from? I understand you think you are accounting for 2 years expenses in cash + 25X but that tells me that you believe that 25X has the necessary precision (or is that accuracy?) or you know your exact expenses per year.
by wrongfunds
Mon Nov 13, 2017 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Clements: Your "Number One Number"
Replies: 24
Views: 3605

Re: Clements: Your "Number One Number"

Credit card fees: 1%
What? You need to give up your BH credentials :shock:
by wrongfunds
Mon Nov 13, 2017 6:12 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation for 5% return
Replies: 65
Views: 4777

Re: Asset allocation for 5% return

Well, then I still have to ask as to where the number 5% came from? As everybody has said, that number is NOT possible using available market only. If you are willing to backstop year after year as a cost of doing business and as part of employee compensation, then you can either use balanced invest...
by wrongfunds
Mon Nov 13, 2017 5:30 pm
Forum: Personal Consumer Issues
Topic: Did you want to set up a payment plan for that?
Replies: 19
Views: 2369

Re: Did you want to set up a payment plan for that?

And if the phone was a "free upgrade" e.g. iPhone7 from iPhone6, your credit comes in at 1/24 per month which effectively locks you in 2 year contract!
by wrongfunds
Mon Nov 13, 2017 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation for 5% return
Replies: 65
Views: 4777

Re: Asset allocation for 5% return

OP has not yet answered the question of how he decided to come up with the number "5%". I mean if he has handful of lower paid employees who would put few thousands in this fund, then he can afford to "guarantee" the 5% return all by himself for first few years. Once he gets them "hooked" on 401K pl...
by wrongfunds
Mon Nov 13, 2017 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Clements: Your "Number One Number"
Replies: 24
Views: 3605

Re: Clements: Your "Number One Number"

Using the old 28% house payment/36% total debt tests
One would think that these ratios should remain the same regardless as they are invariant to the interest rate or the health of the stock market or the economy. The ratio already takes in to account all those factors automatically.
by wrongfunds
Mon Nov 13, 2017 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation for 5% return
Replies: 65
Views: 4777

Re: Asset allocation for 5% return

The only reason OP wants to do this is to give himself a tax break by deferring his income. It is pesky government regulations which are forcing him to offer a retirement plan to his employee. If he really wants to offer stable value fund with guaranteed 5% return to his employees, just commit himse...
by wrongfunds
Mon Nov 13, 2017 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 195
Views: 15857

Re: Why NOT make more money?

There is no limit to how much one can spend. At some point we need to decide is the extra thousands of hours working worth it. You have no idea how much I actually agree with you on this point! By the way, I was talking about "lowly" business class there but your calculations used first class airfa...
by wrongfunds
Mon Nov 13, 2017 1:32 pm
Forum: Investing - Theory, News & General
Topic: The average American retiree household
Replies: 57
Views: 10733

Re: The average American retiree household

But I suspect there are lots of legitimate charts and other analysis in that paper
by wrongfunds
Mon Nov 13, 2017 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation for 5% return
Replies: 65
Views: 4777

Re: Asset allocation for 5% return

I believe you have not heard about this forum before. People do not even get 3% withdrawal of their investment for 30 year retirement period where the entire investment is allowed to go to zero! How would you be able to get 5% return on your investment? You could hire Warren Buffet to manage your po...
by wrongfunds
Mon Nov 13, 2017 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: How do you project the amount you will have to spend annually in retirement?
Replies: 76
Views: 4159

Re: How do you project the amount you will have to spend annually in retirement?

Well hold on. The Death of a Spouse "problem" goes both ways. The version where the surviving spouse has too much income and in now in a higher tax bracket isn't one that we should spend much time worrying about... Not true at all! The surviving spouse does NOT have too much income because the inco...
by wrongfunds
Mon Nov 13, 2017 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 195
Views: 15857

Re: Why NOT make more money?

I hope you do not mind continuing this along the same line. If we assume that $100K are the actual expenses before the retirement, they do NOT include full health-care costs nor the taxes paid on that income. Remember, the actual expenses came off after paying the taxes and after saving the money. T...
by wrongfunds
Mon Nov 13, 2017 11:11 am
Forum: Investing - Theory, News & General
Topic: The average American retiree household
Replies: 57
Views: 10733

Re: The average American retiree household

the chart is funny but *exactly* what does the title of the chart mean? Just what it says: the percentage of families who have before-tax family income. Now why anyone would bother to chart something like that is another question. :sharebeer Why is that 100%? Aren't there any family who have NO bef...
by wrongfunds
Mon Nov 13, 2017 10:41 am
Forum: Investing - Theory, News & General
Topic: The average American retiree household
Replies: 57
Views: 10733

Re: The average American retiree household

the chart is funny but *exactly* what does the title of the chart mean?
by wrongfunds
Mon Nov 13, 2017 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 195
Views: 15857

Re: Why NOT make more money?

Compare 2 families both with $2.5 million in invested assets living on $100k/yr one is 45 years old saving $180k/yr while the other is 65 years old saving $18k/yr. One more year for the 45 year old seams like it makes more sense as each year substantially increases their net worth and their spendin...