Search found 328 matches

by furnace
Mon Apr 06, 2020 5:14 pm
Forum: Personal Investments
Topic: [Panicked and moved to cash. What to do next?]
Replies: 106
Views: 12655

Re: I am a Massive Loser

Yes you did panic. You found your pain tolerance and it was lower than you expected. Not a flattering revelation :mrgreen:

Lower your risk until you can sleep better at night. Get back in slowly and methodically. :moneybag
by furnace
Thu Apr 02, 2020 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Are your personal expenses down during stay home and shelter?
Replies: 180
Views: 10835

Re: Are your personal expenses down during stay home and shelter?

I can cut my expenses down to the bone, but have decided against this selfish move. The US economy needs my spending power more than ever. The businesses and individuals who are recipients seem to be appreciative. It's my contribution to the national cause. For those of you who are in a position to ...
by furnace
Thu Apr 02, 2020 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Forbearance
Replies: 18
Views: 1626

Re: Mortgage Forbearance

Who should pay for the forbearance? The US government and the State governments. They are responsible for ordering private businesses to close. They have to pay for the costs.
by furnace
Thu Apr 02, 2020 1:36 pm
Forum: Personal Investments
Topic: Does anyone else just not care/worry?
Replies: 139
Views: 9777

Re: Does anyone else just not care/worry?

The people that are in a good place may want to think about helping the less fortunate. We have to pull together to support each other, or we risk going down together. A cash stash, a paid off house, and a gun won't save you when millions outside are starving.
by furnace
Tue Oct 22, 2019 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Ok to go without health insurance?
Replies: 209
Views: 13568

Re: Ok to go without health insurance?

Back ground: Physician couple, self employed, family of 4, 2 adults( 46, 43) 2 kids ( 9,15), S corp. This year health insurance premium increase is almost 15%. Will cost ~16K with family deductible of 12 K to stay in PPO network. [cut] Is it too risky to go bare? One is never too rich to save money...
by furnace
Sat Oct 05, 2019 9:06 am
Forum: Investing - Theory, News & General
Topic: How many are switching from Fidelity?
Replies: 140
Views: 17610

Re: How many are switching from Fidelity?

Fidelity will get trounced by the competition if they don't match. A lot of people are sitting tight waiting for the announcement, but if it doesn't come by end of next week, a mass exodus will ensue.
by furnace
Fri Oct 04, 2019 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 15560

Re: Willingly going from lucrative job to unemployed?

Go see a doctor. If the doc says you need to take 6 months off to preserve your mental health, then that's what you tell your employer. FMLA exists for this reason.
by furnace
Sat Sep 21, 2019 10:03 pm
Forum: Personal Investments
Topic: Verge of Retiring, Portfolio Analysis Help
Replies: 46
Views: 4680

Re: Verge of Retiring, Portfolio Analysis Help

a. All your individual stocks look sound. I wouldn't be in a rush to unload them. Maybe lighten up on the oil stocks a bit. JPM at 10% is okay; it's a great bank and has room to grow. b. I would drop all international indexes. They have higher expenses and under perform. Move to US indexes. c. As fo...
by furnace
Thu Aug 29, 2019 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: While there is a high school question - my daughter wants to graduate early
Replies: 76
Views: 4190

Re: While there is a high school question - my daughter wants to graduate early

People have been made kings & queens at much younger ages, and here we are worried whether a 16-yr-old is ready for college. How times have changed :oops:
by furnace
Sun Aug 18, 2019 7:38 am
Forum: Personal Investments
Topic: Minimal Cash and Bonds in Portfolio
Replies: 23
Views: 2527

Re: Minimal Cash and Bonds in Portfolio

I also have a prejudice against bond funds. I have extreme prejudice against bond funds. They have no place in my portfolio -- at any age. 1. I applaud your willingness to go 100% equities with your index funds. One change I would suggest is to get out of International Stocks index. You get enough ...
by furnace
Sun Aug 18, 2019 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Opportunity cost of saving for a home down payment
Replies: 15
Views: 1394

Re: Opportunity cost of saving for a home down payment

You live in your house, not in your IRA account. Buy responsibly.
by furnace
Fri Jul 26, 2019 12:32 pm
Forum: Personal Investments
Topic: Retire with Less Than $1 million?
Replies: 101
Views: 22430

Re: Retire with Less Than $1 million?

You can always return to work if retirement is "unaffordable." Doesn't have to be a one way street.
by furnace
Fri Jul 26, 2019 12:25 pm
Forum: Personal Investments
Topic: Should I pay off my mortgage?
Replies: 34
Views: 2590

Re: Should I pay off my mortgage?

No need to pay off the mortgage. Let your investments compound at a higher rate of return.

Maybe wait another 6 months to refinance. You might be able to get a 15-yr for the same rate as your current ARM.
by furnace
Wed Jul 24, 2019 12:07 pm
Forum: Investing - Theory, News & General
Topic: Is there a High Tech Bubble in S&P 500 & Total Market?
Replies: 152
Views: 11663

Re: Is there a High Tech Bubble in S&P 500 & Total Market?

If you think there's a bubble, then get out of tech. For me, I'm going to keep riding this bull, and would add more if I had the extra cash :moneybag
by furnace
Tue Jul 09, 2019 10:39 am
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 32191

Re: Americans believe they need $1.7 million, on average, to retire

Seeing the $1.7m may provoke a reaction in people: (1) I'm behind, won't get there, so won't bother. Will keep spending, never get there. (2) I'm ahead, smarter than others. Pat myself on back, gloat a little (or a lot) (3) I'm behind, better speed up. Will meet or exceed target in due time. Pray fo...
by furnace
Wed Jun 05, 2019 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: New Sole Proprietor Questions
Replies: 8
Views: 782

Re: New Sole Proprietor Questions

FelixTheCat wrote:
Wed Jun 05, 2019 3:06 pm
Thanks! I appreciate the advice.
You could also watch some Youtube videos. Look into setting up an LLC to take advantage of the new 20% deduction.
by furnace
Wed Jun 05, 2019 3:16 pm
Forum: Personal Consumer Issues
Topic: Remove dead tree(s) from common ground?
Replies: 11
Views: 697

Re: Remove dead tree(s) from common ground?

You have an HOA? Let the HOA handle it. If they don't, threaten to sue them. Usually that would get their attention. A dead tree can spread diseases to living trees. Or talk with some neighbors and split the cost. Safety is more important than cost.
by furnace
Wed Jun 05, 2019 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house without a garage?
Replies: 95
Views: 6774

Re: Would you buy a house without a garage?

In NYC and other expensive areas, many people would consider buying a garage without the house. Because that's all they can afford. So I think you're fine. Just don't yell at your wife/husband when it rains.
by furnace
Wed Jun 05, 2019 3:09 pm
Forum: Personal Investments
Topic: Play Money in Your Portfolio?
Replies: 12
Views: 1116

Re: Play Money in Your Portfolio?

If you "play" with money, hopefully you play to win. Some people play because they're bored, eventually becoming poor due to all the losses.
by furnace
Wed Jun 05, 2019 3:07 pm
Forum: Personal Consumer Issues
Topic: Being given charity that I don't need
Replies: 51
Views: 5452

Re: Being given charity that I don't need

Maybe the owner is clairvoyant, and can see that you're about to fall on hard times. Should you worry?
by furnace
Wed Jun 05, 2019 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: 2.4 MM net worth to be considered rich ?
Replies: 9
Views: 1906

Re: 2.4 MM net worth to be considered rich ?

It's $2.4m per family unit. If you don't feel good about that amount, just imagine losing half it in a market crash. All of a sudden, the $2.4m doesn't look so bad. That said, I encourage everyone who has $2.4m or more to keep trying to grow it responsibly. We need more rich people to keep the econo...
by furnace
Tue May 14, 2019 3:12 pm
Forum: Personal Investments
Topic: Inheritance at 62 yrs old
Replies: 12
Views: 2630

Re: Inheritance at 62 yrs old

Your pension check is enough to cover your monthly expenses. Then in 5 years, your SS check will add 1500. Except for emergency spending or "treat yourself" spending, you won't need to touch the portfolio at all. This means you can invest aggressively. Maybe take 45k from the inheritance and set it ...
by furnace
Fri May 10, 2019 4:45 pm
Forum: Investing - Theory, News & General
Topic: Charlie Munger_WSJ interview
Replies: 17
Views: 4109

Re: Charlie Munger_WSJ interview

Munger was the Berkshire brain behind the recent Occidental deal. He earned for Berkshire investors at least $1B at age 95.
by furnace
Fri May 10, 2019 4:37 pm
Forum: Personal Consumer Issues
Topic: Used cars: Age, mileage, condition
Replies: 16
Views: 1506

Re: Used cars: Age, mileage, condition

You only drive 4,000 miles a year? Get a golf cart! The most important safety feature of a car is that it runs. A big, bulky, modern car that stalls on the road or fails to accelerate because of a fancy emission control feature, will be less safe than one that brings you home even if it's older and ...
by furnace
Fri May 10, 2019 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Continue working for benefit of adult children or retiring earlier?
Replies: 87
Views: 7086

Re: Continue working for benefit of adult children or retiring earlier?

DonIce wrote:
Fri May 10, 2019 4:18 pm
At some point the bird has to leave the nest and fly on its own wings.
The sooner, the better for all involved.
by furnace
Fri May 10, 2019 4:22 pm
Forum: Personal Consumer Issues
Topic: Self-Propelled Lawn Mower
Replies: 19
Views: 1228

Re: Self-Propelled Lawn Mower

If your mower has problems starting due to ethanol gas, old age or whatever, you can go to ebay and buy a replacement carburetor for $15-$25. Easy swap and much cheaper than shop repair or buying new mower.
by furnace
Fri May 10, 2019 4:06 pm
Forum: Personal Investments
Topic: Time to fire the financial assistant. Help me with the courage.
Replies: 41
Views: 4515

Re: Time to fire the financial assistant. Help me with the courage.

Get the 2nd handsome guy to fire the 1st handsome guy :oops:
by furnace
Fri May 10, 2019 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Help me pull the trigger-need to quit
Replies: 41
Views: 5624

Re: Help me pull the trigger-need to quit

Quit first and figure out the rest of the steps later. If it doesn't work out, just go back to work. Too much thinking can give you a headache without any additional benefit.
by furnace
Wed May 08, 2019 5:06 pm
Forum: Personal Investments
Topic: Soon to Retire - Feedback on AA and Readiness Wanted
Replies: 10
Views: 1559

Re: Soon to Retire - Feedback on AA and Readiness Wanted

I’m thinking I will work for about 4-5 more years. I'm happy you have a job that allows you to work past 65. This greatly reduces the risk of running out of money in retirement. Fewer retirement years to fund. Here's an asset allocation to consider: Age 65-70: 80% equities 20% short term bonds (les...
by furnace
Wed May 08, 2019 4:36 pm
Forum: Personal Investments
Topic: windfall management
Replies: 38
Views: 3993

Re: windfall management

I am relatively young and was not expecting to have such fortune. I am too paralyzed by fear of losing it to make a decision Are you fearful when you see a patient? I hope not, because medicine is your field. When it comes to investment, you may want to trust the BH community. Just close your eyes ...
by furnace
Wed May 01, 2019 4:36 pm
Forum: Personal Investments
Topic: Sitting on $1.5m cash - need help
Replies: 53
Views: 14916

Re: Sitting on $1.5m cash - need help

OP, take a moment to think about your long term goals and investment philosophy. a. Can you leave the investments untouched for 10+ years? b. Can you stomach a 25% to 50% drop without having a heart attack? If the answers are "yes" to both, I recommend 100% in the Vanguard Total Stock Market index (...
by furnace
Wed Apr 24, 2019 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Planning for family business transition [saving, inheritance, etc]
Replies: 19
Views: 955

Re: Planning for family business transition [saving, inheritance, etc]

Your wife can do whatever (save more, save less, or not save) but you may want to keep your foot on the savings pedal, in case the inheritance doesn't work out.
by furnace
Wed Apr 24, 2019 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Whats the Point of Climbing the Corporate Ladder?
Replies: 164
Views: 19198

Re: Whats the Point of Climbing the Corporate Ladder?

Whatever job you decide on, build up a large financial cushion on the side. Then no job can "own" you. You will get to pick the job, instead of being forced into a job.
by furnace
Mon Apr 22, 2019 4:52 pm
Forum: Investing - Theory, News & General
Topic: Small Caps vs Large Caps divergence
Replies: 23
Views: 3524

Re: Small Caps vs Large Caps divergence

They will converge again at some point in the future when you're not looking. Besides, if they move in lockstep, there would be no point in having two separate categories. :mrgreen:
by furnace
Mon Apr 22, 2019 10:06 am
Forum: Personal Finance (Not Investing)
Topic: First Time Home Buyer Affordability Question
Replies: 19
Views: 1593

Re: First Time Home Buyer Affordability Question

On a side note, we plan on getting married within the next year, and would prefer to leave out any discussion of the pros/cons of buying before marriage. You are braver than many folks here. Taking out a big mortgage is adding to your debt load. Whether it's "good debt" is up to your view point. In...
by furnace
Mon Apr 22, 2019 9:33 am
Forum: Non-US Investing
Topic: The urge to go back to stockpicking [Malaysia]
Replies: 25
Views: 2020

Re: The urge to go back to stockpicking

I moved all my portfolio to sp500 and local bond. Recently I found that those stocks which I handpicked were up 50% to 100% if only I hold a little longer. How would you advise a double minded young man in this case? In my mind I know that indexing is the way to go. But it seems that I might just h...
by furnace
Sun Apr 14, 2019 10:41 am
Forum: Personal Finance (Not Investing)
Topic: [Renting now, should we purchase a condo?]
Replies: 2
Views: 211

Re: How much can I spend on a house? Addendum

Very timely thread for me and my wife. We are currently renting but also looking at purchasing a condo. We are looking in the 600K range. HOA fees in the area range from 400-750/month; property taxes typically range about 2.25% of purchase price (~12-15K/year). We would apply for a mortgage, and no...
by furnace
Sun Apr 14, 2019 10:31 am
Forum: Personal Finance (Not Investing)
Topic: UPDATE: How much can I spend on a house?
Replies: 23
Views: 4547

Re: How much can I spend on a house?

UPDATE I am the OP, still house-hunting. I have found a condo I like now and am wondering (again) if it is too expensive. My numbers have changed a little from when I first posted, so I am updating. The condo is $635,000. I would pay cash (prefer not to have a mortgage). (Large carryover losses mea...
by furnace
Thu Feb 21, 2019 2:30 pm
Forum: Personal Consumer Issues
Topic: Wife filled our gas engine car with diesel fuel
Replies: 111
Views: 12344

Re: Wife filled our gas engine car with diesel fuel

WhiteMaxima wrote:
Mon Feb 18, 2019 4:45 pm
need to suck all diesel out 1st. Then fill up a full tank gasoline. Done.
I agree, this should not have to cost $1k. Pump the diesel out, refill with gasoline. Drive until nearly empty, then refill again. After two tanks, the car should be back to normal.
by furnace
Sat Feb 09, 2019 9:31 pm
Forum: Personal Investments
Topic: State Pension DROP decision
Replies: 19
Views: 2497

Re: State Pension DROP decision

I'm in college right now finishing my degree in finance at the only major (football powerhouse) university here. I will more than likely work at something in that field when I retire ... How about starting a personal website for the brave men and women in blue (BlueCoatInvesting.com or GunningforRe...
by furnace
Fri Jan 18, 2019 11:49 pm
Forum: Investing - Theory, News & General
Topic: Backtesting Results
Replies: 16
Views: 1516

Re: Backtesting Results

How do you get around cherry picking data to decide upon a "best" allocation (e.g. % to midcap, growth stocks, bonds, emerging markets, etc.)? The "best" allocation is unknowable, because your investment horizon is just another time period on the data charts (that we don't have data for yet). The o...
by furnace
Fri Jan 18, 2019 11:31 pm
Forum: Investing - Theory, News & General
Topic: The NY Times calls us a cult but in a good way
Replies: 62
Views: 8255

Re: The NY Times calls us a cult but in a good way

The NY Times devoted another three pages to Jack Bogle on Friday. And they managed to give Bogleheads a nod but neglected to note our forum. Here is hoping the ones that can benefit from Bogleheads.org will search for us. The NYT doesn't want to lose subscribers. Once someone finds this forum, they...
by furnace
Fri Jan 18, 2019 11:23 pm
Forum: Personal Investments
Topic: 100% in VTSAX - Is it crazy???
Replies: 87
Views: 13717

Re: 100% in VTSAX - Is it crazy???

Many people do 100% equities. It's great until there's a 20-40% drop, then they hate themselves. If you promise you will still be in love with yourself no matter what, then going "all-in" will likely work out well over the "long term." :sharebeer
by furnace
Fri Jan 18, 2019 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Any MD pursued a CFA? Thoughts?
Replies: 27
Views: 3257

Re: Any MD pursued a CFA? Thoughts?

Doc, my portfolio needs a bypass surgery. It has been leaking fees of 2.5% and under performing the benchmarks like clockwork. If you can't help, my wife would surely kill me because I told her "baby, it will all be fine in the long run- 15 years ago!"
by furnace
Fri Jan 18, 2019 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4663
Views: 903701

Re: What's Your Credit Card Rewards Strategy?

Can we reward the community by starting a new "2019" thread?
by furnace
Fri Jan 18, 2019 10:56 pm
Forum: Personal Investments
Topic: Hesitant to sell
Replies: 11
Views: 1469

Re: Hesitant to sell

Thanks for the reply. It's only about 7% of my portfolio, and I probably will not hold on to it long enough to pass it on to my heirs. I have been reinvesting dividends, but I've actually had a capital loss in those lots over the last 12 months, so yay? How much is the tax amount? If it's "substant...
by furnace
Fri Jan 18, 2019 10:48 pm
Forum: Personal Investments
Topic: Never thought it would happen to me - life changing injury
Replies: 38
Views: 5631

Re: Never thought it would happen to me - life changing injury

I just received a settlement from the party that injured me that left me a little over $1.5 million after I paid off my medical bills ($412k) and my attorney got his share. I have always been good with money and we were able to live off of our savings the last 3 years. We have about $17k left in ou...
by furnace
Fri Jan 18, 2019 10:30 pm
Forum: Investing - Theory, News & General
Topic: My trend following strategy and experience
Replies: 1524
Views: 122760

Re: My trend following strategy and experience

OP, so you want to be a quant? I hope you're doing this with "play" money. Get it right before you go big. :mrgreen:
by furnace
Fri Jan 18, 2019 10:22 pm
Forum: Personal Consumer Issues
Topic: Importance of college summer internships??
Replies: 44
Views: 2161

Re: Importance of college summer internships??

Summer internships? Only if they are paid and interesting. Otherwise a job as a supermarket cashier is just fine.