Search found 312 matches

by warowits
Fri Jan 12, 2018 2:06 pm
Forum: Personal Consumer Issues
Topic: Youtube/Netflix/Browser in Car Dash
Replies: 14
Views: 926

Re: Youtube/Netflix/Browser in Car Dash

Rupert wrote:
Wed Jan 10, 2018 12:42 pm
half of all people out there in the world have below average IQ
I know math is on your side here, but sometimes it feels like more than half...
by warowits
Fri Jan 12, 2018 10:50 am
Forum: Investing - Theory, News & General
Topic: 4% Withdrawal vs Yield as Income
Replies: 41
Views: 2085

Re: 4% Withdrawal vs Yield as Income

:annoyed Dividends aren't magic. They cost the companies you own money, and make those companies worth less. If they didn't pay them to you, your shares would be worth more. You can make your own 'Dividends' by selling some of your shares. Spending dividends instead of reinvesting them hurts future ...
by warowits
Tue Jan 09, 2018 3:33 am
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 286
Views: 23704

Re: Year 2000 retirees using the '4% rule' - Where are they now?

SPIAs can indeed be useful options. I always assumed this was true, that a SPIA would be a great option. However, when I go to immediate annuities and price one out it seems like a CD/Tips ladder makes more sense. With current annuity rates, on average you will get back about what you paid in, befo...
by warowits
Mon Jan 08, 2018 11:50 pm
Forum: Personal Consumer Issues
Topic: Car recommendations needed for growing family
Replies: 34
Views: 1955

Re: Car recommendations needed for growing family

strafe wrote:
Mon Jan 08, 2018 6:05 am

2. Volkswagen GTI for the fun car
+1. Hard to beat a GTI for fun car that can hold 2 car seats comfortably.
by warowits
Mon Jan 08, 2018 12:56 pm
Forum: Investing - Theory, News & General
Topic: Living on Dividends and Interest
Replies: 19
Views: 2580

Re: Living on Dividends and Interest

For this exercise, consuming capital by selling shares/individual bonds/cd's would be prohibited. Dividends, if not reinvested, consume capital. Nothing wrong with living off them, just don't make the mental mistake of thinking it is any safer than someone else with a similarly low withdrawal rate.
by warowits
Fri Jan 05, 2018 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: M1 Finance
Replies: 2
Views: 211

Re: M1 Finance

M1 Finance is a member of SPIC so your funds/ETF will be insured by $500,000 in case the company goes under. The issue with M1 Finance is that they need to make money somehow. There's no guarantee that they will be free forever. Betterment increased the fee from 0.15% to 0.25%. If you have a taxabl...
by warowits
Fri Jan 05, 2018 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: M1 Finance
Replies: 2
Views: 211

M1 Finance

So I recently read some posts about M1 Finance on here and went to check them out. It looks like everything I could want from a broker. No trading fees, , no AUM fees, easy re-balancing, fractional share purchases for when you get started. Their Pie system makes things like tilts incredibly easy, es...
by warowits
Thu Jan 04, 2018 12:31 pm
Forum: Investing - Theory, News & General
Topic: Diversification: Is there any way to produce the same returns with less risk?
Replies: 52
Views: 5092

Re: Diversification: Is there any way to produce the same returns with less risk?

Now we don’t eat expected returns, we don’t even eat average annual returns. We eat the compounded geometric returns of our portfolios. Volatility acts as a drag on compounded portfolio returns. The geometric return is always less than the average annual return because of volatility. Dave I am just...
by warowits
Sun Dec 24, 2017 12:49 am
Forum: Personal Finance (Not Investing)
Topic: car thread- too much money?
Replies: 85
Views: 6933

Re: car thread- too much money?

DorothyB wrote:
Sat Dec 23, 2017 10:05 pm
Why not save and pay cash for the vehicles? Any maybe look for last year's model with less than 10K miles if you want safety & reliability
This is something I always think should work, but in practice it seems cheaper to buy a new one, especially with Japanese cars.
by warowits
Fri Dec 15, 2017 12:15 pm
Forum: Personal Consumer Issues
Topic: New Honda CRV is MotorTrend's SUV of the year
Replies: 87
Views: 8202

Re: New Honda CRV is MotorTrend's SUV of the year

The problem is that Honda seems to know that it is a good car, so it is hard to get a good deal on it. I'll take an okay deal on a good car over a good deal on a bad car any day. The problem is almost none of them are bad. Many are just slightly less efficient than the crv in some way, but 3k cheap...
by warowits
Fri Dec 15, 2017 11:15 am
Forum: Personal Consumer Issues
Topic: New Honda CRV is MotorTrend's SUV of the year
Replies: 87
Views: 8202

Re: New Honda CRV is MotorTrend's SUV of the year

The problem is that Honda seems to know that it is a good car, so it is hard to get a good deal on it.
by warowits
Fri Dec 15, 2017 10:53 am
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 17223

Re: Buying Real Silver and Gold (Not Bitcoin)

grayfox wrote:
Fri Dec 15, 2017 10:23 am
These are works of art for under $20. Plus they are Legal Tender. Real Money.
They are neat, I have one I was given for graduation. I still fail to see the appeal it holds on people.
by warowits
Tue Nov 21, 2017 12:24 am
Forum: Investing - Theory, News & General
Topic: "Got $1 million to retire? Here’s how long it will last, by U.S. state"
Replies: 50
Views: 10735

Re: "Got $1 million to retire? Here’s how long it will last, by U.S. state"

Just don't read the comments. Makes me appreciate our moderators.
by warowits
Wed Nov 15, 2017 1:16 pm
Forum: Investing - Theory, News & General
Topic: Should you own only non-U.S. stocks?
Replies: 63
Views: 6656

Re: Should you own only non-U.S. stocks?

I just think it is foolish to say that valuations don't matter, they clearly do. None of this is exact, we can sustain high stock returns if P/E ratios keep expanding. But they won't keep expanding into infinity. At some point, there will be a reversion to the mean. At some point if this keeps us, ...
by warowits
Fri Oct 27, 2017 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire today?
Replies: 132
Views: 8338

Re: Can I retire today?

Why would you quit now and make your boss's life easier? I would just smile and say no to him/her whenever something needs to be done. An employee who doesn't need the money and just continues to come to work to make his bosses life miserable. Its a decent premise for a sitcom. The numbers look fin...
by warowits
Tue Oct 24, 2017 11:04 pm
Forum: Investing - Help with Personal Investments
Topic: Payoff Student Loans or Save?
Replies: 13
Views: 1343

Re: Payoff Student Loans or Save?

Hi, I have $140K in student loans at 5.25%. I expect to have some free cash flow in the next couple of years, and am trying to decide whether to pay off the debt or save and invest. Investments are with an RIA right now, and current bull market not withstanding I expect to get consistently average ...
by warowits
Mon Oct 23, 2017 1:38 am
Forum: Personal Consumer Issues
Topic: Drum sets?
Replies: 10
Views: 708

Re: Drum sets?

Pearl export, buy it used and there should be plenty availible. There are lots of other good ones but these are ubiquitous. Cymbals are tricky. Good heads will make an entry level kit sound good. Cheap cymbals will never sound good. Get zildjian A or something comparable, Sabian AAX was great for J...
by warowits
Sun Oct 22, 2017 1:56 pm
Forum: Personal Consumer Issues
Topic: Drum sets?
Replies: 10
Views: 708

Re: Drum sets?

Pearl export, buy it used and there should be plenty availible. There are lots of other good ones but these are ubiquitous. Cymbals are tricky. Good heads will make an entry level kit sound good. Cheap cymbals will never sound good. Get zildjian A or something comparable, Sabian AAX was great for Ja...
by warowits
Mon Oct 09, 2017 11:11 am
Forum: Investing - Help with Personal Investments
Topic: How big a portfolio should I have before retiring?
Replies: 52
Views: 7336

Re: How big a portfolio should I have before retiring?

Question How big of a portfolio would you require to feel comfortable retiring? I would require a portfolio of at least 50x (50 times annual income/expenses needed) to begin to feel comfortable in retirement. And even more than that would add to that comfort level. :D Everyone is different. To some...
by warowits
Fri Oct 06, 2017 5:21 pm
Forum: Investing - Theory, News & General
Topic: Are stocks going up only because all the alternatives are lousy?
Replies: 45
Views: 5159

Re: Are stocks going up only because all the alternatives are lousy?

I would say we have expanded the money supply greatly... I don't see that the money supply has been increasing particularly quickly: https://fred.stlouisfed.org/graph/?g=fjCv Household debt to GDP has been trending downard: https://fred.stlouisfed.org/graph/?g=eDaK As has household debt service as ...
by warowits
Fri Oct 06, 2017 5:10 pm
Forum: Investing - Theory, News & General
Topic: Are stocks going up only because all the alternatives are lousy?
Replies: 45
Views: 5159

Re: Are stocks going up only because all the alternatives are lousy?

Standard Boglehead disclaimer, I realize I know nothing, so I keep investing according to my plan. However, if I was inclined to listen to my own suspicions, I would say we have expanded the money supply greatly, but the inflation monster is nowhere to be found. Perhaps increased wealth inequality ...
by warowits
Thu Oct 05, 2017 11:11 am
Forum: Investing - Theory, News & General
Topic: Are stocks going up only because all the alternatives are lousy?
Replies: 45
Views: 5159

Re: Are stocks going up only because all the alternatives are lousy?

Standard Boglehead disclaimer, I realize I know nothing, so I keep investing according to my plan. However, if I was inclined to listen to my own suspicions, I would say we have expanded the money supply greatly, but the inflation monster is nowhere to be found. Perhaps increased wealth inequality m...
by warowits
Sun Oct 01, 2017 5:05 pm
Forum: Personal Consumer Issues
Topic: Favorite Camera - Recommendations, Photos, and Pictures of Your Gear?
Replies: 65
Views: 4282

Re: Photography gear and what you use it for?

1 First Real Camera of distinction. Canon 7d 2 Camera gear now? Canon 5diii, studio and portable lighting. 3 Lenses? Canon 70-200 2.8 IS II Sigma Art 50mm Tamron SP 15-30mm f/2.8 Di VC Canon EFS 40mm 4 Favorite lens? I like the 70-200, my wife likes the 50mm art. She makes actual money with photogra...
by warowits
Wed Sep 27, 2017 5:36 pm
Forum: Investing - Theory, News & General
Topic: Share buybacks vs Dividends
Replies: 102
Views: 5308

Re: Share buybacks vs Dividends

As I understand it the buyback stock does go up in value because of better EPS but they now have less cash on hand (or they add debt) which counters this effect, making it basically a neutral transaction just like a dividend distribution. Call me old fashioned but I would prefer companies pay divide...
by warowits
Tue Sep 26, 2017 1:55 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 12604

Re: The Rolex and The Boglehead

I don't know anyone under 40 who wears a watch of any kind. I wonder if the secondary market is taking a hit based on this trend. The new market certainly seems to be.
by warowits
Tue Sep 26, 2017 10:34 am
Forum: Personal Consumer Issues
Topic: Tipping question....Applebees
Replies: 87
Views: 7318

Re: Tipping question....Applebees

I'm surprised some people don't know that in 7 states the minimum wage for servers is the same as the usual minimum wage. This includes the 3 states on the west coast, all of which have minimum wages over $10 per hour, headed to $15 per hour. In these cases, not only do I not tip on tax, I tip less...
by warowits
Tue Sep 19, 2017 10:50 pm
Forum: Personal Consumer Issues
Topic: Are quality exterior doors worth it?
Replies: 17
Views: 2263

Re: Are quality exterior doors worth it?

If you are going to spend a lot on a door, it better look nice. The difference between a 500 dollar door and a 3,000 dollar door will most likely be cosmetic, unless it is a specialty security door.
by warowits
Mon Sep 18, 2017 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 27261

Re: Calling out the not so rich bogleheads

While there are alot of wealthy posters on bogleheads, if you pay attention for long enough to the bogleheads I think most people will be fairly wealthy eventually. I have been coming for about 2 years. When I got here I assumed I was doing great (I had enough extra money I was looking up investing ...
by warowits
Fri Sep 08, 2017 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: Don't want to lock down in IRA until I am 59.5
Replies: 12
Views: 1393

Re: Don't want to lock down in IRA until I am 59.5

You can remove Roth IRA contributions tax free whenever you want, as you have already paid taxes on that money.
by warowits
Tue Sep 05, 2017 9:41 am
Forum: Investing - Theory, News & General
Topic: Do retiree BHs actually run down their portfolios?
Replies: 73
Views: 8921

Re: Do retiree BHs actually run down their portfolios?

DetroitRick wrote:
Tue Sep 05, 2017 9:03 am
I do think we make younger Bogleheads unnecessarily anxious.
Finally someone to blame for our angst!
by warowits
Mon Sep 04, 2017 11:35 pm
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rate -> 2% or lower
Replies: 72
Views: 8815

Re: Safe Withdrawal Rate -> 2% or lower

If you are at a 2% withdrawl rate nearly any plan will turn out fantastic, as long as you are diversified.
by warowits
Mon Sep 04, 2017 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Credit scores are stupid
Replies: 18
Views: 1642

Re: Credit scores are stupid

As far as I can tell anything over 760 and it's all the same.
by warowits
Wed Aug 02, 2017 11:39 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 276
Views: 27800

Re: How much money do you need to retire?

$1,481,206 at age 60. (adjusted for inflation) Assumes paid for house and no debts, with the kids out of college and on their own.
That anticipates SS will be around at 75% of what it is now and I can take it at 67-70.
by warowits
Fri Jul 07, 2017 6:05 pm
Forum: Investing - Theory, News & General
Topic: No "sequence of returns risk" what to do about withdrawals
Replies: 35
Views: 3313

Re: No "sequence of returns risk" what to do about withdrawals

I know this is broad question but I wondering what's a reasonable % to take. I've been doing about 4-5%, am in my midsixties and my AA is 50/50. I still like the VPW method. For you if you're 65 and have a 50/50 allocation I would say 4.8% of last years balance should be this years distribution. Ju...
by warowits
Thu Jul 06, 2017 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Can you buy a house with little or no income?
Replies: 24
Views: 2492

Re: Can you buy a house with no income?

Let's say you have $300,000 cash in your bank, maybe a $10k existing auto loan (no other loans or debts), but no income, can you still buy a house that's worth, say, $260,000 and put only the traditional 20% down? Will banks give you a mortgage in this case? I would think not, unless it was a renta...
by warowits
Wed Jul 05, 2017 8:03 pm
Forum: Personal Consumer Issues
Topic: Drum sets
Replies: 12
Views: 1320

Re: Drum sets

Craigslist is where you buy, but you need to do your research. Also drum kits do not wear out, but she may be ready for a better kit. In my experience cymbals are the hardest part to find good ones used, and are the part that it is most important not to buy the cheap stuff.
by warowits
Tue Jun 20, 2017 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Need to find Loaded Index Funds
Replies: 64
Views: 5080

Re: Need to find Loaded Index Funds

Due to the new Fiduciary Rule, my firm no longer allows me to invest in no load funds, The contorted logic which would have to go into that sort of reading of the fiduciary rule is literally beyond my comprehension. Believe me, the humor/hypocrisy is not lost on me. My firm is interpreting the Fidu...
by warowits
Mon Jun 19, 2017 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Need to find Loaded Index Funds
Replies: 64
Views: 5080

Re: Need to find Loaded Index Funds

AaronS wrote:Due to the new Fiduciary Rule, my firm no longer allows me to invest in no load funds,
The contorted logic which would have to go into that sort of reading of the fiduciary rule is literally beyond my comprehension.
by warowits
Tue Jun 13, 2017 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: Another one of those "We are at the peak, crash is coming, how do I invest?" posts!
Replies: 75
Views: 7056

Re: Another one of those "We are at the peak, crash is coming, how do I invest?" posts!

However, the video makes a very strong case based on economic facts (not crystal ball as someone suggested). I think even the most confident person will have a bit of doubt after watching it. I am not sure if I am allowed to post it here but it's on youtube and it's called 'James davidson market co...
by warowits
Tue Jun 13, 2017 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 15235

Re: Who takes financial chances and why is this forum so financially conservative?

But you really can't rest until you have at least a million and a half for a couple (or the equivalent in pensions). And this is in addition to social security. Two years ago I would have said this is insane. I would have assumed you were being sarcastic, because that is massively more than the ave...
by warowits
Mon Jun 12, 2017 9:07 am
Forum: Personal Finance (Not Investing)
Topic: couple questions about SSA (67 vs 70) and breakeven points
Replies: 20
Views: 2253

Re: couple questions about SSA (67 vs 70) and breakeven points

I'm nowhere near retirement (age or otherwise) but recently I went to SSA.gov and it said If I retire at: 62 I'd get $1324 a month 67 I'd get $1898 a month 70 I'd get $2358 a month You hear a lot about breakeven points but to my mind the biggest issue is I could not live comfortably on $1898 amonth...
by warowits
Sat Jun 10, 2017 10:33 pm
Forum: Personal Consumer Issues
Topic: Babson College
Replies: 30
Views: 3124

Re: Babson College

...what you learned at the school is ultimately more important than name recognition. Do you really believe what they teach is that much different than the other excellent business program in the NE, say, UMass, Boston College, or Northeastern? Or, since the OP is in the 'midwest', that much differ...
by warowits
Sat Jun 10, 2017 11:09 am
Forum: Personal Consumer Issues
Topic: Babson College
Replies: 30
Views: 3124

Re: Babson College

That just demonstrates how elitist southern California has become. Perhaps, but the reality is that there are maybe ~ten national undergrad business schools; the rest are ALL local, with great connections on the local/regional community. Babson is less known on the west than the University of Phoen...
by warowits
Thu Jun 08, 2017 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: How to deal with a personal finance cynic
Replies: 109
Views: 7877

Re: How to deal with a personal finance cynic

I do think he understands that he is responsible for his future. It is the cynicism that has set in, I feel, that is hindering him doing more than he is. I get the sense that he thinks that it is very hard for most of the common folk to move ahead in this land of opportunity. I am pretty sure that ...
by warowits
Thu Jun 08, 2017 1:52 am
Forum: Personal Consumer Issues
Topic: Dave Ramsey Financial Peace University ??? worth it?
Replies: 120
Views: 10594

Re: Dave Ramsey Financial Peace University ??? worth it?

his fundamental understanding of investing and personal finance is highly flawed. I do not think his understanding of investing is flawed, I think it is transparently self interested. His personal finance advice is quite good, and focuses on behavior. His master plan is to convince you to have a hi...
by warowits
Thu Jun 01, 2017 3:15 pm
Forum: Investing - Theory, News & General
Topic: What makes a Conservative BHer? for retirement purposes
Replies: 16
Views: 1744

Re: What makes a Conservative BHer? for retirement purposes

keystone wrote:Just my opinion, but one who thinks that a 4% SWR is too risky for a 30 year retirement.
+1
by warowits
Mon May 29, 2017 12:51 pm
Forum: Investing - Theory, News & General
Topic: DON'T pay off your mortgage; instead reduce Sequence of Return Risk
Replies: 206
Views: 18847

Re: DON'T pay off your mortgage; instead reduce Sequence of Return Risk

I am not saying that everybody should be 100% equities, I am saying don't borrow money and then turn around and loan it out at a lower interest rate. The example you gave was borrowing at 3.25% to lend out at 2.8%. I'm not sure what those rates are supposed to represent, but a 3.25% mortgage deduct...
by warowits
Mon May 29, 2017 12:47 pm
Forum: Investing - Theory, News & General
Topic: DON'T pay off your mortgage; instead reduce Sequence of Return Risk
Replies: 206
Views: 18847

Re: DON'T pay off your mortgage; instead reduce Sequence of Return Risk

If the logical thing to do would be to pay down the mortgage from your tax advantaged space if you could do it without penalty, why not just pay it down instead of putting it in there in the first place? warowits, Many of my peers followed this logic and then took a more expensive student loan or r...
by warowits
Mon May 29, 2017 12:15 pm
Forum: Investing - Theory, News & General
Topic: DON'T pay off your mortgage; instead reduce Sequence of Return Risk
Replies: 206
Views: 18847

Re: DON'T pay off your mortgage; instead reduce Sequence of Return Risk

warowits, << Clearly it's equities or pay down debt. >> Why is that the only way? It could be borrowed at 3.25% and invested in Wellington (65/35) fund and earned 6+% in the process. It does not have to be 100/0 or 0/100. There are multiple options between 0/100 to 100/0. KlangFool I would argue th...