Search found 319 matches

by furnace
Sun Aug 18, 2019 7:38 am
Forum: Personal Investments
Topic: Minimal Cash and Bonds in Portfolio
Replies: 23
Views: 2236

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: 1181

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: 85
Views: 16295

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: 2356

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: 10012

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: 28473

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: 570

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: 650

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: 6303

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: 927

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: 4843

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: 1783

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: 2568

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: 3859

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: 1395

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: 6564

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: 1046

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: 4243

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: 5421

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: 1481

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: 3641

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: 14144

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: 866

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: 17624

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: 3280

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: 1545

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: 1877

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: 168

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: 4398

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: 11638

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: 2327

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: 1322

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: 7762

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: 10909

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: 2705

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: 4003
Views: 741776

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: 1370

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: 5440

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: 862
Views: 56682

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: 1996

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.
by furnace
Wed May 23, 2018 12:23 pm
Forum: Personal Investments
Topic: Going from 50/50 US/Int to All US
Replies: 86
Views: 9299

Re: Going from 50/50 US/Int to All US

I don't bother with International / Emerging Markets / bonds and such. US stock index 100%. I don't worry about maintaining a smooth glide path by adding a bunch of stuff that depresses returns. Roller coaster rides with 25% drops and rises offer higher long term returns. Bogleheads is filled with r...
by furnace
Wed May 23, 2018 12:13 pm
Forum: Personal Consumer Issues
Topic: Attic HVAC: fan doesn't work in AUTO mode and AC on
Replies: 8
Views: 1150

Re: Attic HVAC: fan doesn't work in AUTO mode and AC on

I swapped out the thermostat for a new one, and the everything works now. Thanks to everyone for your help :sharebeer
by furnace
Fri May 18, 2018 10:17 pm
Forum: Personal Consumer Issues
Topic: Attic HVAC: fan doesn't work in AUTO mode and AC on
Replies: 8
Views: 1150

Re: Attic HVAC: fan doesn't work in AUTO mode and AC on

I replaced the thermostat last year. I swapped out a programmable thermostat for a dumb $20 thermostat. Everything worked well last season. Just flip the switch from "off" to "cool" and set the temperature. The AC would come on along with the fan. Once it reached the desired temperature (1 degree ab...
by furnace
Fri May 18, 2018 2:15 pm
Forum: Personal Consumer Issues
Topic: Attic HVAC: fan doesn't work in AUTO mode and AC on
Replies: 8
Views: 1150

Attic HVAC: fan doesn't work in AUTO mode and AC on

I have a vertical attic HVAC unit consisting of two components: furnace and AC coil mounted on top. The AC coil is installed on 2005, while the furnace is from 1986. My furnace works fine. The AC works if I switch the fan mode to "On." However, the fan *doesn't* work if the fan mode is in "Auto." In...
by furnace
Thu Apr 26, 2018 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Applying for 2 life insurance policies at the same time
Replies: 4
Views: 729

Re: Applying for 2 life insurance policies at the same time

I would like to purchase $1 mln in term life and I think I should have two $500K policies. Just in case the insurance company folds and the state guarantees only $500K. ... What am I a missing? Any advise? Thanks. You're overthinking this. Your $1m policy is like a gnat's spit in the wind to the li...
by furnace
Thu Apr 26, 2018 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Another house budget question
Replies: 25
Views: 2908

Re: Another house budget question

You're getting caught up in the real estate mania. It's classic bubble psychology, where the fear of missing out (fomo) trumps the fear of getting crushed. I'm not making a prediction on your particular location - just sharing with you an observation. I believe you deserve to buy a nice house for yo...
by furnace
Tue Apr 24, 2018 8:21 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 42944

Re: KF's simple rules to achieve FI [Financial Independence]

KF, you're playing this too safe. 1. Cheap car 2. Cheap house 3. Cheap college 4. Cheap cheap cheap Following your rules would force people to wait an eternity to enjoy stuff of dreams. Chicks aren't going to like hanging out with cheap dudes who only think about "financial independence." Fun loving...
by furnace
Tue Apr 24, 2018 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Salary Negotiation gone sour
Replies: 98
Views: 12408

Re: Salary Negotiation gone sour

I got the offer for 85k with 12.5% bonus. This was nearly 10k less than I was expecting so I countered with 92 the same day. I was told that this would need approval, but it shouldn't be difficult to get. Two business days later I got the answer that they could do 85k and 15% bonus target. Again th...
by furnace
Sat Mar 17, 2018 7:38 pm
Forum: Personal Consumer Issues
Topic: TV and set up recommendations for above fireplace
Replies: 35
Views: 3538

Re: TV and set up recommendations for above fireplace

We'd like a more social living room set up and are considering getting a new tv and putting it above our fireplace to allow for more seating. We don't watch TV that much and don't need something high end, but would like something aesthetic (I heard some look like picture frames now) and one that's ...