Search found 215 matches

by minimalistmarc
Sun May 20, 2018 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Life Changes
Replies: 13
Views: 985

Re: Life Changes

Why not stay put while you build the new house, then move once it’s habitable?
by minimalistmarc
Sun May 13, 2018 10:24 am
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 136
Views: 9189

Re: New(ish) attending physicians in the Bay Area: Housing

Rent. Wait for the next crash. Swoop in. Definitely a safe option for physicians, as your jobs are quite recession proof. Waiting can be painful though. You say the parents are elderly and frail, but if they can give you daily child care they must be in reasonably good shape. Seems they are holding...
by minimalistmarc
Sun May 13, 2018 8:24 am
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 168
Views: 16796

Re: What Percentage CASH are you?

100 % Cash (prime money market) Two houses, 3 cars all paid for. Zero debt. Made a bundle earlier this year by market timing. Dont want to make any more as I would get into highest tax bracket, amt, extortionate medicare premiums etc Made a bundle in 2009 by timing. Both pure luck of course. Now ve...
by minimalistmarc
Sun May 13, 2018 8:21 am
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 168
Views: 16796

Re: What Percentage CASH are you?

Highest number loses right? I'm sitting at about 80% cash, and this is coming from someone who preaches 3 fund to anyone who asks. My retirement account is almost all 3 fund. Taxable had some cash already, but with a sale of a house 6 months ago, I'm sitting at 80% cash overall. I know in principle...
by minimalistmarc
Sun May 13, 2018 8:19 am
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 168
Views: 16796

Re: What Percentage CASH are you?

About 0.5% but looking to increase that to 5%.

My reason is that I have 2 young kids under 4 and a wife and I'm thinking I should keep a "safe pot" aside for their benefit rather than just sticking to my own desire of 100% invested in assets.
by minimalistmarc
Sun May 13, 2018 8:14 am
Forum: Personal Finance (Not Investing)
Topic: setting up trust- possible sibling drama may ensue
Replies: 34
Views: 2845

Re: setting up trust- possible sibling drama may ensue

Your father's wishes are for you to inherit all when he passes. For you to spread this to siblings who have taken and squandered money from your father (and you) for many years could be looked at as they have taken their inheritance in advance. All stop. The entire estate goes to you. You do not di...
by minimalistmarc
Thu May 03, 2018 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: Starting to smell like buying season?
Replies: 55
Views: 6405

Re: Starting to smell like buying season?

100% equities for me so I’m buying now and in the future. I do like to wait till I have at least a chunk of 10k to invest but once I have it in it goes
by minimalistmarc
Tue Apr 17, 2018 5:40 pm
Forum: Investing - Theory, News & General
Topic: Your Money Or Your Life
Replies: 49
Views: 6769

Re: Your Money Or Your Life

Thesaints wrote:
Tue Apr 17, 2018 5:27 pm
minimalistmarc wrote:
Tue Apr 17, 2018 5:20 pm
It is out of a strong desire to be free to do what you want.
I find it gets harder the less money I have.
Either want less or earn more :)
by minimalistmarc
Tue Apr 17, 2018 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review and Advice Sought for UK Investor
Replies: 11
Views: 1038

Re: Portfolio Review and Advice Sought for UK Investor

I wonder how another country would find out about your ISA? Given it is tax sheltered I didn’t think the broker sent anything to HMRC. I would be surprised if most people disclosed their ISA when moving abroad.
by minimalistmarc
Tue Apr 17, 2018 5:20 pm
Forum: Investing - Theory, News & General
Topic: Your Money Or Your Life
Replies: 49
Views: 6769

Re: Your Money Or Your Life

Thesaints wrote:
Tue Apr 17, 2018 4:57 pm
I know it is just me, but I can't understand all those people living very parsimoniously, only to finance a long (and a lot less secure) even more parsimonious retirement.
It is out of a strong desire to be free to do what you want.
by minimalistmarc
Sat Apr 07, 2018 3:04 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6537
Views: 1400968

Re: U.S. stocks in freefall

WhiteMaxima wrote:
Sat Apr 07, 2018 2:48 pm
The question is: Are you ready for a -40% drop, interest back to 7~8% normal level, unemployment rate up to 10% , inflation rate +5~6%?
Sure, I'm ready for any hypothetical situation you want to imagine.
by minimalistmarc
Sat Apr 07, 2018 9:50 am
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: 12665

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

I could be totally off base here, but I also think that there are a lot of people that think that the market is overvalued and that we are in another bubble, and perhaps with the generally somber and muted excitement of the bull market (due to the social and political uncertainties, drama and divis...
by minimalistmarc
Mon Apr 02, 2018 1:43 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6537
Views: 1400968

Re: U.S. stocks in freefall

While a 10% drop in the markets is called a correction.... It isn't a real correction until the CASH IS KING and BUY GOLD crowd start coming out of the woodwork! I think we are here folks. It will also be a noteworthy period when the "What are you up YTD?" and "FIRE" crowd starts to chatter with ne...
by minimalistmarc
Sat Mar 31, 2018 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 11277

Re: What age is the best to give a child control of an inheritance?

Our kids are 0 and 3 and we did our wills recently. Intially we decided on 25 but then change it to 21.

My thinking was to teach my kids well about money and if I die and leave them a large inheritance and they blow it then so be it.

I don't like trying to control people.
by minimalistmarc
Fri Mar 30, 2018 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Hotel Fund Investment Oppurtunity
Replies: 9
Views: 711

Re: Hotel Fund Investment Oppurtunity

Sounds highly complex and unattractive to me.
by minimalistmarc
Fri Mar 23, 2018 5:42 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6537
Views: 1400968

Re: U.S. stocks in freefall

I hope the market stop here for another 10 years until I load them up. Would you really keep investing regularly if the market had a 0% return over 5 years, let alone 10? I definitely would. Much better than the market going up the whole time making me have to buy more expensive shares. I will buy ...
by minimalistmarc
Fri Mar 23, 2018 3:05 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6537
Views: 1400968

Re: U.S. stocks in freefall

It still doesn't appear that we're in the early stages of a recession yet (e.g. unemployment rate is below its 1 year moving average, PMI is still well above 50), so this leads me to think that this current move will be a short-lived one. However, I'm now wishing that my 401k to IRA rollover had ta...
by minimalistmarc
Wed Mar 21, 2018 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Index investing vs Real Estate/P2P/websites, etc.. How much is time worth?
Replies: 8
Views: 722

Re: Index investing vs Real Estate/P2P/websites, etc.. How much is time worth?

U.K. investor. My advice is to diversify into other assets if there is an extremely tax efficient reason to do so. For example, my wife is a non earner so I invest in P2P through her as she gets 17.5k a year tax free whereas I would have to pay 45% tax. That being said I am now at a point where all ...
by minimalistmarc
Sat Mar 17, 2018 4:55 am
Forum: Personal Consumer Issues
Topic: Time/money trade-offs with work and life balance
Replies: 46
Views: 3666

Re: Time/money trade-offs with work and life balance

In UK the decision is easy.

If you earn greater than 100k up to 122k you are taxed at 60% so the work has to be extremely easy/satisfying to think about doing it.
by minimalistmarc
Thu Mar 15, 2018 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Fixed income (european investor)
Replies: 3
Views: 252

Re: Fixed income (european investor)

FTSE do an all world index that does include emerging markets. 20% emerging markets is overweight I think they are closer to 10%
by minimalistmarc
Sun Feb 25, 2018 1:49 pm
Forum: Investing - Theory, News & General
Topic: Goldman Sachs says...
Replies: 13
Views: 1936

Re: Goldman Sachs says...

May and if, they never commit to anything on wallstreet
by minimalistmarc
Wed Feb 21, 2018 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Rant about Savings Rate
Replies: 25
Views: 2159

Re: Rant about Savings Rate

I can’t calculate mine anymore as passive income and earned income all flow to the same joint account and get reinvested. Passive income is almost equal to my take home pay so I lose track. I’ve become pretty slack and can’t even be bothered calculating my networth except maybe once a year (used to ...
by minimalistmarc
Tue Feb 20, 2018 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: What's your cash position
Replies: 105
Views: 10348

Re: What's your cash position

Almost none, usually less than 1% of my net worth. This thread is pretty pointless though. If you have cash are you: 1) Saving it for a short term goal e.g. buying a property within 5 years 2) using it as emergency savings 3) keeping it for market timing purposes I am 100% equities although I admit ...
by minimalistmarc
Mon Feb 19, 2018 4:35 am
Forum: Personal Finance (Not Investing)
Topic: What has been your most important skill in achieving financial independence?
Replies: 164
Views: 11614

Re: What has been your most important skill in achieving financial independence?

It is 95% luck, 5% skill. We are all very fortunate people, and it is a mistake to think we got here because we “deserve” it. Born in most over world locations with the same heart/mind/soul/body it wouldn’t happen. Never think you are special. I agree that luck plays an important role. I strongly d...
by minimalistmarc
Sun Feb 18, 2018 10:15 am
Forum: Investing - Help with Personal Investments
Topic: Genius Needed -- Thoughts on My Asset Allocation? [UK]
Replies: 26
Views: 1658

Re: Genius Needed -- Thoughts on My Asset Allocation? [UK]

Avoid accumulating funds/ETFs in taxable accounts as tax calculation is a nightmare when calculating the dividends.
by minimalistmarc
Sun Feb 18, 2018 5:47 am
Forum: Investing - Help with Personal Investments
Topic: Genius Needed -- Thoughts on My Asset Allocation? [UK]
Replies: 26
Views: 1658

Re: Genius Needed -- Thoughts on My Asset Allocation? [UK]

Have you considered how you will feel if hedging goes against you and the pound appreciates significantly?

I would say the chance of that happening is 50% and you will be paying much higher costs for the privilege
by minimalistmarc
Sun Feb 18, 2018 4:55 am
Forum: Personal Finance (Not Investing)
Topic: What has been your most important skill in achieving financial independence?
Replies: 164
Views: 11614

Re: What has been your most important skill in achieving financial independence?

It is 95% luck, 5% skill.

We are all very fortunate people, and it is a mistake to think we got here because we “deserve” it.

Born in most over world locations with the same heart/mind/soul/body it wouldn’t happen.

Never think you are special.
by minimalistmarc
Sat Feb 17, 2018 6:08 am
Forum: Investing - Theory, News & General
Topic: A Case for Higher Int'l Allocation? Larry Swedroe article on home bias
Replies: 113
Views: 8109

Re: A Case for Higher Int'l Allocation? Larry Swedroe article on home bias

but now I have to buy everything with devalued currency so it balances out, although my timing was quite fortunate because I had a large lump sum which was invested just prior to Brexit.

Trying to market time currency markets is even more futile than trying to time the stock market
by minimalistmarc
Sat Feb 17, 2018 5:23 am
Forum: Investing - Theory, News & General
Topic: A Case for Higher Int'l Allocation? Larry Swedroe article on home bias
Replies: 113
Views: 8109

Re: A Case for Higher Int'l Allocation? Larry Swedroe article on home bias

1) What percentage of equities should a non-US investor invest in the US? Why? Should it be a part of an international bucket? Why/Why not? As a Eurozone investor I have about 15% invested in the US (~10% in the S&P500 and ~10% in a world small/mid cap value ETF, half of which (thus 5%) is in the U...
by minimalistmarc
Wed Feb 14, 2018 5:29 pm
Forum: Investing - Theory, News & General
Topic: philosophicaleconomics predicts 4% real equity returns
Replies: 152
Views: 10915

Re: philosophicaleconomics predicts 4% real equity returns

I’m okay with 4% but would prefer the long drawn out crash then eventual recovery to get there
by minimalistmarc
Tue Feb 13, 2018 4:18 am
Forum: Investing - Help with Personal Investments
Topic: Did you learn anything from the market correction?
Replies: 160
Views: 12015

Re: Did you learn anything from the market correction?

I learned not to give my father in law advice.

After years of sitting in 100% cash he asked me for help.

We are drip feeding aiming for around 50:50

I thought he had a calm head but at 20% equities this minor dip has him losing sleep already!
by minimalistmarc
Sat Feb 10, 2018 4:01 pm
Forum: Investing - Theory, News & General
Topic: Selling all equities, discuss why I'm wrong. :)
Replies: 278
Views: 39963

Re: Selling all equities, discuss why I'm wrong. :)

michaeljc70 wrote:
Sat Feb 10, 2018 3:34 pm
Calais wrote:
Sat Feb 10, 2018 3:23 pm
I imagine that around at PE/10 of 20 I'd resume my normal equity allocation, but I'm not totally sure.
So at least another 30% drop from these levels. I wouldn't hold my breath.

30% drop in PE ratio could still mean a rising market if earnings outpace price.

Too much thinking for me.
by minimalistmarc
Fri Feb 09, 2018 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Strategy
Replies: 18
Views: 1353

Re: Investment Strategy

As a small investor, it's very hard to see paper loss and anxious to jump in when market drops. There are so many institution and robo investors fight in this market. As a small investor, we need be patient, wait until the dust settle down. And always be value oriented. Equity valuation is still to...
by minimalistmarc
Fri Feb 09, 2018 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Still waiting to invest?
Replies: 47
Views: 6036

Re: Still waiting to invest?

With 0% equities, I have plenty of dry powder, but have not yet used any of it. Stocks are simply not attractively priced, and this could get much uglier. I expect rising rates and Fed balance sheet normalization will be a headwind for the medium term, and deficits/inflation to be a headwind in the...
by minimalistmarc
Fri Feb 09, 2018 8:48 am
Forum: Investing - Help with Personal Investments
Topic: Still waiting to invest?
Replies: 47
Views: 6036

Re: Still waiting to invest?

With 0% equities, I have plenty of dry powder, but have not yet used any of it. Stocks are simply not attractively priced, and this could get much uglier. I expect rising rates and Fed balance sheet normalization will be a headwind for the medium term, and deficits/inflation to be a headwind in the...
by minimalistmarc
Fri Feb 09, 2018 6:08 am
Forum: Investing - Theory, News & General
Topic: Blood in the water- buying?
Replies: 117
Views: 16408

Re: Blood in the water- buying?

I have a 50k hard money loan expected to redeem end of feb. Hoping the markets stay down or drop more in time for a purchase. Otherwise I don’t keep any dry powder.
by minimalistmarc
Thu Feb 08, 2018 4:54 am
Forum: Investing - Help with Personal Investments
Topic: Genius Needed -- Thoughts on My Asset Allocation? [UK]
Replies: 26
Views: 1658

Re: Genius Needed -- Thoughts on My Asset Allocation? [UK]

I think currency hedging is a covert form of market timing and would forget about it.

The hedged investments have much higher costs.

VWRL ETF vanguard all world is the only ETF you need for your equity holding if you want to buy the global haystack rather than try to find the needle.
by minimalistmarc
Tue Feb 06, 2018 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: British Bogleheaders - S&P 500 vs FTSE All Share, etc?
Replies: 19
Views: 1033

Re: British Bogleheaders - S&P 500 vs FTSE All Share, etc?

Hedging increases costs and is an attempt to market time the ultra efficient fx market. I’m not a fan. ETFs are basically identical to funds but you can trade them instantly on the stock market. In the uk, most platforms make it much cheaper to buy and hold etf compared to funds for large amounts. I...
by minimalistmarc
Tue Feb 06, 2018 7:54 am
Forum: Investing - Help with Personal Investments
Topic: British Bogleheaders - S&P 500 vs FTSE All Share, etc?
Replies: 19
Views: 1033

Re: British Bogleheaders - S&P 500 vs FTSE All Share, etc?

You should hold the market weight of all the countries of the whole world.

Vanguard all world ETF will give you what you need in one ETF. VWRL is the ticker
by minimalistmarc
Tue Feb 06, 2018 7:51 am
Forum: Investing - Theory, News & General
Topic: Short NVDA?
Replies: 11
Views: 1052

Re: Short NVDA?

I would not go long this stock. It is massively overhyped and too much good news is baked into the price. Sell, sell SELLLL!!!

Too stressful, I'll just buy the index.
by minimalistmarc
Mon Feb 05, 2018 4:52 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6537
Views: 1400968

Re: U.S. stocks in freefall

boring.

I'm currently saving up my 2017 ISA allowance (UK roth) of 20k as I lump sum it to avoid trading costs, so I don't have the money together to buy my allowance. Maybe Ill get lucky and it'll carry on dropping until I get my stash together, I've got until April 5th
by minimalistmarc
Fri Feb 02, 2018 11:23 am
Forum: Investing - Theory, News & General
Topic: Anyone else cashing out on *some* of the crazy earnings?
Replies: 74
Views: 8500

Re: Anyone else cashing out on *some* of the crazy earnings?

This thread makes me smile: - guy cashes out to pay off 0% debt - a 23 year old with presumably small amount of savings goes to 15% bonds - somebody else who has no interest in cashing out but is stacking cash to buy cheaper and doubling down on GE (because some big deal might happen which somehow t...
by minimalistmarc
Wed Jan 31, 2018 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: What should my Asset Allocation be, Stocks vs. Bonds?
Replies: 14
Views: 1078

Re: What should my Asset Allocation be, Stocks vs. Bonds?

Personally, I want to die very rich so I can leave a large estate to my offspring. If you don't have any dependents, what are your thoughts on this?
by minimalistmarc
Wed Jan 31, 2018 3:36 pm
Forum: Investing - Theory, News & General
Topic: Wow: Shiller PE is 34.52
Replies: 52
Views: 6503

Re: Wow: Shiller PE is 34.52

All you need to know is that in 20 years or more share prices will be much higher than they are now. If you don't believe that, then there is no point investing. I am staying the course with 100% equities as I am still in a peak accumulation phase. I am fairly nihilistic regarding a market crash, it...
by minimalistmarc
Mon Jan 29, 2018 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Young investor's asset allocation [UK]
Replies: 2
Views: 230

Re: Young investor's asset allocation [UK]

Vanguard all world etf or life strategy fund will be fine. VGOV or cash for the other bit.

I just have a one fund portfolio in vanguard all world etf
by minimalistmarc
Mon Jan 22, 2018 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Am I being greedy?
Replies: 51
Views: 6259

Re: Am I being greedy?

thangngo wrote:
Mon Jan 22, 2018 4:37 pm
If you can stomach a 50-80% drop in value, you're not too greedy. Remember that you're the worst enemy when it comes to wealth management.
80% that's nothing, I can stomach a 99.99% drop!
by minimalistmarc
Sun Jan 21, 2018 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: What do you think of my Asset Allocation? (UK Investor)
Replies: 27
Views: 1829

Re: What do you think of my Asset Allocation? (UK Investor)

Regarding ETFs vs funds, the only reason I choose ETFs is that it avoids holding fees charged by brokers ( including vanguard) I currently have my wife and I’s ISA with Hargreaves, 2 x 6 figure portfolios at 45 pounds per year. Even if they were 7 figures the cost would still be 45/year and I find H...