Search found 856 matches

by finite_difference
Thu Apr 19, 2018 7:51 pm
Forum: Investing - Theory, News & General
Topic: What hedge strategies do you employ?
Replies: 29
Views: 2310

Re: What hedge strategies do you employ?

Clinical healthcare is recession proof, outside a few specialties like plastic surgery. There's always going to be a demand for doctors and nurses. We tilt away from biomedicine as a form of, uh, occupational hedging. The advancements here are in how not to deliver care -- so demand will not be the...
by finite_difference
Thu Apr 19, 2018 7:46 pm
Forum: Investing - Theory, News & General
Topic: What hedge strategies do you employ?
Replies: 29
Views: 2310

Re: What hedge strategies do you employ?

I understand what you mean by hedging, but that is not the classical meaning of the word. I'm surprised no one mentioned it so far, that the riskiest stock for you is the one you work for. Since many people get stock awards, or options, or RSUs, it is unavoidable to an extent. And there are politic...
by finite_difference
Thu Apr 19, 2018 7:37 pm
Forum: Personal Consumer Issues
Topic: Another discussion about private vs public schools?
Replies: 67
Views: 2737

Re: Another discussion about private vs public schools?

But how good is the private school compared to the best public school?

You may need to move back to the Northeast! ;)
by finite_difference
Thu Apr 19, 2018 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: “The Smell of Retiree Mon$y...”
Replies: 50
Views: 5113

Re: “The Smell of Retiree Mon$y...”

"money is the root of all evil" -said good book 1 Tim 6:10 -- for the love of money is a root of all kinds of evil. Not Money in and of itself. It also depends on the translation that is used. It’s much better to read in the original language, or to read multiple different versions before drawing y...
by finite_difference
Thu Apr 19, 2018 7:10 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6392
Views: 1370562

Re: U.S. stocks in freefall

I think people are missing the fact that the FED can't distort something it's a part of. :twisted: (more so than ever) Except that the Fed did some unprecedented things, for example, the purchase of Mortgage Instruments to help bring down mortgage rates. Historically, the Fed limited its purchases ...
by finite_difference
Thu Apr 19, 2018 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: “The Smell of Retiree Mon$y...”
Replies: 50
Views: 5113

Re: “The Smell of Retiree Mon$y...”

"money is the root of all evil" -said good book 1 Tim 6:10 -- for the love of money is a root of all kinds of evil. Not Money in and of itself. It also depends on the translation that is used. It’s much better to read in the original language, or to read multiple different versions before drawing y...
by finite_difference
Wed Apr 18, 2018 8:57 pm
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 175
Views: 19721

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

Oil Drop Test If you think you might have gasoline in the engine oil on your Honda, but don't know if you want to pay for an oil analysis, you can perform an oil drop test. This is not an exact test and a little subjective, but might give you an idea of whether an oil analysis might be merited. To ...
by finite_difference
Wed Apr 18, 2018 8:51 pm
Forum: Investing - Theory, News & General
Topic: We crush stock indexes, Yale claims
Replies: 89
Views: 9946

Re: We crush stock indexes, Yale claims

I am willing to bet I can beat Yale with a portfolio of 100% VTSAX over the next 20 years :).

That said, I hope I’m wrong and they continue to outperform the market and invest the difference in bright young minds and science and art.
by finite_difference
Wed Apr 18, 2018 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: How to argue for S&P
Replies: 15
Views: 895

Re: How to argue for S&P

So you have been given three solid pieces of advice (four, if you count "not arguing with others"): 1. why 10 years? 2. Why do you assume the next 10 years will be just like the last 10 years? 3. Why are you comparing two funds that are not at all alike? (one is mid cap and the other is large cap) ...
by finite_difference
Wed Apr 18, 2018 8:40 pm
Forum: Investing - Theory, News & General
Topic: Vanguard changing stance on social activism
Replies: 6
Views: 1335

Re: Vanguard changing stance on social activism

I think it’s tricky. On the one hand, doing nothing in general and simply always going with the “board” is not doing your job either, since as a shareholder you are have the right to make your voice heard. Here is an interesting article that argues that by being essentially voiceless shareholders, t...
by finite_difference
Wed Apr 18, 2018 7:38 pm
Forum: Personal Consumer Issues
Topic: Total Cost of Car Ownership over 10 years
Replies: 35
Views: 2515

Re: Total Cost of Car Ownership over 10 years

You should drive it for 2-5 more years. That should help bring the yearly cost down significantly.

Your car insurance seems a bit high.

Probably need to add another $1k for maintenance.
by finite_difference
Sun Apr 15, 2018 9:46 pm
Forum: Investing - Help with Personal Investments
Topic: Car Loan vs Home Mortgage
Replies: 28
Views: 2079

Re: Car Loan vs Home Mortgage

1/3 car, 1/3 mortgage, 1/3 VTSAX in taxable.
by finite_difference
Sun Apr 15, 2018 11:23 am
Forum: Personal Consumer Issues
Topic: How Far is too Far, Commuting?
Replies: 205
Views: 10598

Re: How Far is too Far, Commuting?

Car: More than 20 minutes.
Public transportation*: More than 60 minutes.

*A truly self-driving car would count as public transportation! That could revolutionize commutes, RE, and be environmentally friendly (EV + lightweight + carpool friendly).
by finite_difference
Sat Apr 14, 2018 8:34 pm
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 175
Views: 19721

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

It sounds like the issue can be mitigated by using premium gasoline and driving in Sport mode?
by finite_difference
Sat Apr 14, 2018 9:03 am
Forum: Investing - Theory, News & General
Topic: What hedge strategies do you employ?
Replies: 29
Views: 2310

What hedge strategies do you employ?

I like the idea of hedging. Not investing in hedge funds, mind you, but investing in such a way that losing is winning. I think the 3-fund portfolio is overall the most optimal. Be wary of deviating significantly from it as your core holding (e.g. 80%+ or so). I know tilting is nothing new and many ...
by finite_difference
Thu Apr 12, 2018 10:13 pm
Forum: Investing - Help with Personal Investments
Topic: As an expat with no US address, can I move my 401k?
Replies: 16
Views: 1274

Re: As an expat with no US address, can I move my 401k?

Just use your parents’ address?

If you don’t want to for some reason there are services (for a fee) that will provide an address and collect mail for you, and potentially forward the mail?

As a US citizen I don’t see why either of the above would be a problem.
by finite_difference
Mon Apr 09, 2018 8:34 pm
Forum: Personal Consumer Issues
Topic: New faster DNS - 1.1.1.1 by CloudFlare
Replies: 95
Views: 6859

Re: New faster DNS - 1.1.1.1 by CloudFlare

Cloudflare dns doesn't require you to install anything. If you want dns over tls, or dns over https, which windows does not natively support, you need to install a tool to allow that to work. The install guide on the cloudflare page just explains how to configure your machine to use cloudflare dns....
by finite_difference
Sun Apr 08, 2018 9:18 pm
Forum: Personal Consumer Issues
Topic: How would you rotate these tires?
Replies: 20
Views: 1607

Re: How would you rotate these tires?

Move 8/32 from front left to front right.

Move front right to rear left.

Move rear left to rear right.

Move rear right to front left.

Next tire rotation, replace the 3 worn tires and move to regular rotation schedule.
by finite_difference
Sat Apr 07, 2018 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 12377

Re: Ivy school education. Is it worth it?

I think it depends. If you get accepted into an Ivy League without any scholarship, I think it would still be worth going if you a) truly want to go and b) are majoring in a field where you can expect to earn back the cost (or if your cost is covered by your parents/grandparents.) To me, Ivy League ...
by finite_difference
Sat Apr 07, 2018 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: What would an extra $2000 in cash flow mean for a large family?
Replies: 58
Views: 4013

Re: What would an extra $2000 in cash flow mean for a large family?

$1k/month would likely be able to cover, or cover a significant fraction of: weekly lawncare and housecleaning and babysitting.
by finite_difference
Sat Apr 07, 2018 9:17 pm
Forum: Investing - Help with Personal Investments
Topic: Current Thinking About TIAA Real Estate?
Replies: 18
Views: 1052

Re: Current Thinking About TIAA Real Estate?

Unless someone is trying to take advantage of the lag time in prices, I don't view TREA to be better than a REIT index fund. In my limited understanding, I see no difference between TREA and a single REIT. So it is better to diversify and invest in a REIT index fund. publicly traded reits use more ...
by finite_difference
Fri Apr 06, 2018 10:45 pm
Forum: Investing - Help with Personal Investments
Topic: Who uses the 3 fund portfolio ?
Replies: 39
Views: 3895

Re: Who uses the 3 fund portfolio ?

My core holding is the Taylor Larimore 3 fund (TL3F) portfolio for the portfolios that I manage in my family.

I do tilt a little bit, mainly for fun, but only around 15% total. 85% of holdings are TL3F.
by finite_difference
Fri Apr 06, 2018 9:17 pm
Forum: Investing - Theory, News & General
Topic: Bogle on stock turbulence: ‘never seen a market this volatile to this extent in my career’
Replies: 88
Views: 12249

Re: Bogle on stock turbulence: ‘never seen a market this volatile to this extent in my career’

Here is a link: https://www.marketwatch.com/story/bogle-says-hes-never-seen-a-market-this-volatile-to-this-extent-in-my-career-2018-04-05 Here’s the quote: I have never seen a market this volatile to this extent in my career. Now that’s only 66 years, so I shouldn’t make too much about it, but you’r...
by finite_difference
Mon Apr 02, 2018 7:39 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6392
Views: 1370562

Re: U.S. stocks in freefall

Well, TimeLord posted a thread a couple months ago asking if anyone else was tired of the market going up. Wonder what his thoughts are right about now? He's going to put off retiring for one more year. :mrgreen: When TimeLord finally retires, that’s when we really have to worry. Who do you think h...
by finite_difference
Mon Apr 02, 2018 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Career Move: Please convince me why I should not work in tech
Replies: 59
Views: 4633

Re: Career Move: Please convince me why I should not work in tech

I think it’s important to account for COL, like you are doing. Option b, Total Comp = $138k (LCOL). Option c, Total Comp = $203k (HCOL). However, HCOL vs LCOL is easily more than 50%. And you will be paying more taxes with a higher salary. So to me it looks like you will actually earning less in the...
by finite_difference
Sun Apr 01, 2018 1:26 pm
Forum: Investing - Theory, News & General
Topic: KF Annual Expense Based Personal Finance Strategy
Replies: 149
Views: 6272

Re: KF Annual Expense Based Personal Finance Strategy

Here’s a simpler version that should hold for any Boglehead regardless of age: Save $2,000,000 (including value of your home) in 2018 dollars. You are now FI. Congrats. Doesn't really hold regardless of health, though. I estimate our prescription drugs alone will cost well over $2,000,000 in our li...
by finite_difference
Fri Mar 30, 2018 9:53 pm
Forum: Investing - Theory, News & General
Topic: What Are Your Thoughts On The Recent Bitcoin Bust? Is It Apart of the Boom/Bust Cycle or Is The CryptoCurrency Finished?
Replies: 129
Views: 9682

Re: What Are Your Thoughts On The Recent Bitcoin Bust? Is It Apart of the Boom/Bust Cycle or Is The CryptoCurrency Finis

With the future trajectory of quantum computing, Bitcoin is going to zero in the long run. In the medium term, crypto-currencies may have a limited future, but there's a lot of competition to Bitcoin. There are almost 1600 crypto-currencies and new ones are created every month. There's a large risk...
by finite_difference
Fri Mar 30, 2018 8:45 pm
Forum: Investing - Theory, News & General
Topic: KF Annual Expense Based Personal Finance Strategy
Replies: 149
Views: 6272

Re: KF Annual Expense Based Personal Finance Strategy

“True Bogleheads” adhere to the principles listed here: https://www.bogleheads.org/wiki/Bogleheads®_investment_philosophy Note that none of them have anything to say about how much savings Bogleheads need to “be happy, live well.” Assuming no other sources of income, my family would not be FI with ...
by finite_difference
Fri Mar 30, 2018 4:23 pm
Forum: Investing - Theory, News & General
Topic: KF Annual Expense Based Personal Finance Strategy
Replies: 149
Views: 6272

Re: KF Annual Expense Based Personal Finance Strategy

Bob fails my model for FI since $563k < $2000k. However, if over the 40 years he buys a house or spends it on collectibles or antique motorcycles or whatever then his networth could be significantly higher than $563k. But don’t underestimate $80k compounded over 40 years in a low cost index fund rep...
by finite_difference
Fri Mar 30, 2018 3:40 pm
Forum: Investing - Theory, News & General
Topic: KF Annual Expense Based Personal Finance Strategy
Replies: 149
Views: 6272

Re: KF Annual Expense Based Personal Finance Strategy

Hold on a second there! Are you implying that a Boglehead can NOT have 200K expenses? Why is that? Even if she has income of $700K per year? There are quite a few Bogleheads on this forum who actually do have that type of income and do have expenses at least if not more than $200K. And from what I ...
by finite_difference
Fri Mar 30, 2018 10:38 am
Forum: Investing - Theory, News & General
Topic: KF Annual Expense Based Personal Finance Strategy
Replies: 149
Views: 6272

Re: KF Annual Expense Based Personal Finance Strategy

Hold on a second there! Are you implying that a Boglehead can NOT have 200K expenses? Why is that? Even if she has income of $700K per year? There are quite a few Bogleheads on this forum who actually do have that type of income and do have expenses at least if not more than $200K. And from what I ...
by finite_difference
Fri Mar 30, 2018 9:51 am
Forum: Investing - Theory, News & General
Topic: KF Annual Expense Based Personal Finance Strategy
Replies: 149
Views: 6272

Re: KF Annual Expense Based Personal Finance Strategy

Hold on a second there! Are you implying that a Boglehead can NOT have 200K expenses? Why is that? Even if she has income of $700K per year? There are quite a few Bogleheads on this forum who actually do have that type of income and do have expenses at least if not more than $200K. And from what I ...
by finite_difference
Thu Mar 29, 2018 2:13 pm
Forum: Investing - Theory, News & General
Topic: What is the endgame for Millennials?
Replies: 128
Views: 8911

Re: What is the endgame for Millennials?

I think that pensions vanishing is good for Millennials. The reason is that pensions die with their parents, but if their parents had 401(k)s, 403(b)s, IRAs, then they will inherit quite a bit of money. The best news I’ve heard all week and it also proves how researchers are good at wasting time ma...
by finite_difference
Thu Mar 29, 2018 1:57 pm
Forum: Investing - Theory, News & General
Topic: KF Annual Expense Based Personal Finance Strategy
Replies: 149
Views: 6272

Re: KF Annual Expense Based Personal Finance Strategy

wrongfunds wrote:
Wed Mar 28, 2018 2:07 pm
finite_difference wrote:
Tue Mar 27, 2018 7:44 pm
Here’s a simpler version that should hold for any Boglehead regardless of age:

Save $2,000,000 (including value of your home) in 2018 dollars.

You are now FI. Congrats.
Not if my expenses are $200K per year!
Note the careful use of the word Boglehead ;)
by finite_difference
Wed Mar 28, 2018 11:28 pm
Forum: Personal Consumer Issues
Topic: Mac Office 2016 download on Ebay - how so cheap?
Replies: 21
Views: 1489

Re: Mac Office 2016 download on Ebay - how so cheap?

Unless you need Outlook, why not choose Home & Student rather than Home & Business? Microsoft Office Home and Student for Mac (download) is currently $115 on Amazon. Provides Excel, Word, Powerpoint and OneNote. Full license with no monthly subscription. And $105 for PC! Not too bad of an upsell th...
by finite_difference
Wed Mar 28, 2018 11:25 pm
Forum: Personal Consumer Issues
Topic: Mac Office 2016 download on Ebay - how so cheap?
Replies: 21
Views: 1489

Re: Mac Office 2016 download on Ebay - how so cheap?

If you are worried about spending $105 for Microsoft Office Home and Student, checkout LibreOffice. Free and much better than using a bootleg/illegitimate version of Microsoft Office since you really want to make sure you have access to security updates. You can also checkout Google Docs. But if you...
by finite_difference
Wed Mar 28, 2018 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: How Do You Value Your Home for Net Worth Purposes?
Replies: 150
Views: 8998

Re: How Do You Value Your Home for Net Worth Purposes?

You have to begin by asking why you want to know your net worth and what you will use the number for. I've never been able to figure out any actual use for it other than to make me feel good and/or have an answer if someone asks me my net worth. Which I don't think has ever happened, in fact... I a...
by finite_difference
Tue Mar 27, 2018 11:17 pm
Forum: Investing - Theory, News & General
Topic: What would you do if you were in charge of a State Pension Fund?
Replies: 36
Views: 2001

Re: What would you do if you were in charge of a State Pension Fund?

Would you believe that I just got selected to head the CalSTRS, with $225 billion in assets? Well, not really, but if you were in charge, would you fire all the investment advisors and just use a three-fund portfolio? Three-fund portfolio, 30/30/40. Done. No management expenses, no consultants, vir...
by finite_difference
Tue Mar 27, 2018 9:45 pm
Forum: Investing - Theory, News & General
Topic: KF Annual Expense Based Personal Finance Strategy
Replies: 149
Views: 6272

Re: KF Annual Expense Based Personal Finance Strategy

Here’s a simpler version that should hold for any Boglehead regardless of age: Save $2,000,000 (including value of your home) in 2018 dollars. You are now FI. Congrats. finite_difference, How does that work if your home equity is 1.5 million and you still owed 500K on the house? Your investment por...
by finite_difference
Tue Mar 27, 2018 7:44 pm
Forum: Investing - Theory, News & General
Topic: KF Annual Expense Based Personal Finance Strategy
Replies: 149
Views: 6272

Re: KF Annual Expense Based Personal Finance Strategy

Here’s a simpler version that should hold for any Boglehead regardless of age:

Save $2,000,000 (including value of your home) in 2018 dollars.

You are now FI. Congrats.
by finite_difference
Tue Mar 27, 2018 7:40 pm
Forum: Investing - Theory, News & General
Topic: KF Annual Expense Based Personal Finance Strategy
Replies: 149
Views: 6272

Re: KF Annual Expense Based Personal Finance Strategy

Thanks for the post. OK. If the goal is FI, after you get by the first line, how do you calculate when you reach FI? Assets times some whole number? Cash flow? If so, from what? RadAudit, Depending on the person's goal to achieve FI by a certain age, the portfolio size should be in the range of 25X...
by finite_difference
Sun Mar 25, 2018 8:27 pm
Forum: Personal Consumer Issues
Topic: WWYD? Trade Honda CR-V for Lexus RX350?
Replies: 32
Views: 2277

Re: WWYD? Trade Honda CR-V for Lexus RX350?

I couldn't give a hoot about driving a luxury car. I drove a 16 year old manual transmission Honda Accord until it finally fell apart. I've never found my CR-V comfortable. And it is very under powered. I think I'll go for the trade up. Don't care about resale, don't intend to sell. I'm one of thos...
by finite_difference
Sat Mar 24, 2018 1:36 pm
Forum: Personal Consumer Issues
Topic: Underrated places to visit in U.S.?
Replies: 126
Views: 11145

Re: Underrated places to visit in U.S.?

Alaska in winter. Magical.
by finite_difference
Fri Mar 23, 2018 10:11 pm
Forum: Personal Consumer Issues
Topic: New vs Used Camry vs Accord
Replies: 64
Views: 3698

Re: New vs Used Camry vs Accord

Drive them and see which on you enjoy the most. Reliability is about the same, it will come down to preference. My preference is the Accord because I find toyota’s To be mind numbingly boring and have terrible ergonomics. Honda focuses more on the driver and minimizing distractions by placing contr...
by finite_difference
Fri Mar 23, 2018 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: "I won the Lottery" update -
Replies: 33
Views: 8123

Re: "I won the Lottery" update -

I liked how you listened to and thanked the negative feedback — in addition to — the positive feedback.

A constructive outlook and an introspective post. Well done!

:sharebeer
by finite_difference
Fri Mar 23, 2018 12:00 am
Forum: Personal Consumer Issues
Topic: New vs Used Camry vs Accord
Replies: 64
Views: 3698

Re: New vs Used Camry vs Accord

Drive them and see which on you enjoy the most. Reliability is about the same, it will come down to preference. My preference is the Accord because I find toyota’s To be mind numbingly boring and have terrible ergonomics. Honda focuses more on the driver and minimizing distractions by placing contr...
by finite_difference
Wed Mar 21, 2018 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Buying vs renting - really tough decision to make
Replies: 64
Views: 4354

Re: Buying vs renting - really tough decision to make

I don't see how that makes sense. If I'm going to get a $1m home, I may as well buy. I'm guessing that renting a $1m home is a giant waste of money compared to buying it where at least some of that income is equity. That's why I said if I rent I'll get a smaller property. It's less than I need but ...
by finite_difference
Tue Mar 20, 2018 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Buying vs renting - really tough decision to make
Replies: 64
Views: 4354

Re: Buying vs renting - really tough decision to make

If you can rent the home you want for $3000 per month, why would you buy a home that costs $5500 per month? (I'm quoting the only part of your post that was a question, deleted the rest) As in the first post, I said if I rent I'm OK not having the things I really want because it's temporary/short t...
by finite_difference
Tue Mar 20, 2018 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: Impending market correction
Replies: 28
Views: 1753

Re: Impending market correction

Changing from 55:45 to 45:55 or whatever is reasonable if you feel your capacity for risk is not what it was. But taking it all out is foolish in my opinion. (I am assuming you are doing something like the 3-fund portfolio, so they are very diversified and low-cost.) At most go 25:75 but I think age...
by finite_difference
Tue Mar 20, 2018 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Buying vs renting - really tough decision to make
Replies: 64
Views: 4354

Re: Buying vs renting - really tough decision to make

3500 square feet is huge unless you are planning on having 7 kids. If you can rent the home you want for $3000 per month, why would you buy a home that costs $5500 per month? I would buy a 2000 sqft house for $500k. Or a 2000 sqft house or apartment for $1,000,000 except close to work/jobs. Note tha...