Search found 10589 matches

by KlangFool
Sat Dec 15, 2018 7:27 pm
Forum: Personal Consumer Issues
Topic: Is this a good time to start paying extra on the mortgage?
Replies: 27
Views: 721

Re: Is this a good time to start paying extra on the mortgage?

It doesn't seem like anyone is painting a rosy picture of the economy/stocks/bonds/CDs anytime in the near future. If you are about five years out from retirement, would this be a good time to start paying extra on the mortgage? I missed out on a 4% CD that I was going to use to pay off the mortgag...
by KlangFool
Sat Dec 15, 2018 7:17 pm
Forum: Personal Consumer Issues
Topic: Is this a good time to start paying extra on the mortgage?
Replies: 27
Views: 721

Re: Is this a good time to start paying extra on the mortgage?

It doesn't seem like anyone is painting a rosy picture of the economy/stocks/bonds/CDs anytime in the near future. If you are about five years out from retirement, would this be a good time to start paying extra on the mortgage? I missed out on a 4% CD that I was going to use to pay off the mortgag...
by KlangFool
Sat Dec 15, 2018 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Strange [job] interview- what do you think?
Replies: 27
Views: 2001

Re: Strange [job] interview- what do you think?

Well after reading the replies, I am pretty convinced the interviewer either is uninterested or a bad interviewer, or both. It’s a senior level spot, so that surprises me that he would waste his time for an hour and fifteen. Maybe out of courtesy to our mutual referral? Who knows, I’ll let you all ...
by KlangFool
Sat Dec 15, 2018 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Strange [job] interview- what do you think?
Replies: 27
Views: 2001

Re: Strange [job] interview- what do you think?

Wow. Or he's just a lousy interviewer? Where do you come up with these conclusions? RickBoglehead, This is the hiring manager. Aka, the person that OP will be working for. Interviewing is a two-way street. So, besides the hiring manager is checking out the candidate. The candidate is checking out t...
by KlangFool
Sat Dec 15, 2018 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Strange [job] interview- what do you think?
Replies: 27
Views: 2001

Re: Strange [job] interview- what do you think?

I read this as he was trying to sell you on the position. If so, that’s extremely positive. I would always tell a candidate we were interviewing others if asked. I’m not sure why one wouldn’t. KyleAAA, <<* hiring manager said he thought we think alike, but never mentioned specifics about my backgro...
by KlangFool
Sat Dec 15, 2018 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Strange [job] interview- what do you think?
Replies: 27
Views: 2001

Re: Strange interview- what do you think?

Yes, they might be interviewing some other candidates. But, why should the hiring manager tell you about them? It is irrelevant to you as a candidate. The only relevant information is when they will get back to you with a decision. C'mon, hiring managers are not perfect people in the first place. T...
by KlangFool
Sat Dec 15, 2018 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Strange [job] interview- what do you think?
Replies: 27
Views: 2001

Re: Strange interview- what do you think?

OP, 1) If the hiring manager likes you so much, he would not waste his time interviewing someone else. So, you may or may not be one of the top candidates. 2) If the hiring manager likes you so much, he would not tell you that he will be interviewing someone else. What if you accepted some other of...
by KlangFool
Sat Dec 15, 2018 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Strange [job] interview- what do you think?
Replies: 27
Views: 2001

Re: Strange interview- what do you think?

OP, 1) If the hiring manager likes you so much, he would not waste his time interviewing someone else. So, you may or may not be one of the top candidates. 2) If the hiring manager likes you so much, he would not tell you that he will be interviewing someone else. What if you accepted some other of...
by KlangFool
Sat Dec 15, 2018 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Strange [job] interview- what do you think?
Replies: 27
Views: 2001

Re: Strange interview- what do you think?

OP, 1) If the hiring manager likes you so much, he would not waste his time interviewing someone else. So, you may or may not be one of the top candidates. 2) If the hiring manager likes you so much, he would not tell you that he will be interviewing someone else. What if you accepted some other off...
by KlangFool
Sat Dec 15, 2018 1:43 pm
Forum: Investing - Theory, News & General
Topic: AA for a Retiree being a Booglehead
Replies: 18
Views: 966

Re: AA for a Retiree being a Booglehead

What would be the stock bond mix for someone in retirement , that would go along with the 3 fund portfolio. Is it your age in bonds? Or do you still keep with the pre retirement mix? I read somewhere John Bogle had an idea about this but I couldn't find it. Thank you for any help Tatala1945, Years ...
by KlangFool
Sat Dec 15, 2018 1:32 pm
Forum: Investing - Theory, News & General
Topic: AA for a Retiree being a Booglehead
Replies: 18
Views: 966

Re: AA for a Retiree being a Booglehead

What would be the stock bond mix for someone in retirement , that would go along with the 3 fund portfolio. Is it your age in bonds? Or do you still keep with the pre retirement mix? I read somewhere John Bogle had an idea about this but I couldn't find it. Thank you for any help Tatala1945, Years ...
by KlangFool
Sat Dec 15, 2018 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: I made a mistake by not selling when the market was high this year
Replies: 86
Views: 5563

Re: I made a mistake by not selling when the market was high this year

I made another big mistake. I should have taken some gains earlier this year when I had the chance. It seems to me that 10 months of great growth for 2018 has been wiped out in the past few weeks. I don’t have a good question. Just wondering if anyone else is in the same boat. Is this the beginning...
by KlangFool
Sat Dec 15, 2018 11:30 am
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 68
Views: 2650

Re: Should I buy a Tesla?

OP,

I would not buy a Tesla. It has nothing to do with the money. It has to do with safety. The car is a complex system. It takes many years of real-world usage to work out all the bugs. For my own safety, I would not want to be a real-world tester for Tesla.

KlangFool
by KlangFool
Fri Dec 14, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Forgoing health insurance
Replies: 103
Views: 4137

Re: Forgoing health insurance

OP,

You have to survive in order to succeed. Taking the risk of bankruptcy or worse just to save 15K per year. It is not worth it.

KlangFool
by KlangFool
Fri Dec 14, 2018 12:52 pm
Forum: Investing - Theory, News & General
Topic: Will the 2008 recession help avoid severity of the next recession?
Replies: 39
Views: 2234

Re: Will the 2008 recession help avoid severity of the next recession?

If most internet users were boglehead forum users, I would agree. But there is a much higher population of people who view Facebook then Bogleheads..and facebook is a breeding ground for drama, panic and irrational thinking, so I believe it'll be much worse. I can see it now, "I read on Facebook Am...
by KlangFool
Fri Dec 14, 2018 10:54 am
Forum: Investing - Theory, News & General
Topic: Will the 2008 recession help avoid severity of the next recession?
Replies: 39
Views: 2234

Re: Will the 2008 recession help avoid severity of the next recession?

2. Then you should short those stocks. 3. Again, research has not found even a statistically significant, much less practically significant, relationship between the length of time since the last recession and the likelihood of a recession in a given year. willthrill81, <<2. Then you should short t...
by KlangFool
Fri Dec 14, 2018 10:41 am
Forum: Investing - Theory, News & General
Topic: Will the 2008 recession help avoid severity of the next recession?
Replies: 39
Views: 2234

Re: Will the 2008 recession help avoid severity of the next recession?

I disagreed. FAANG has a long way to go before the stock price is reasonable. By definition, growth stocks are priced 'high'. Apparently the market believes that these stocks are worth what they're priced at. Verizon announced severance for 10,400 employees. China is slowing down big time. The impa...
by KlangFool
Fri Dec 14, 2018 10:33 am
Forum: Investing - Help with Personal Investments
Topic: Imminent retirees & sequence fear
Replies: 64
Views: 3361

Re: Imminent retirees & sequence fear

Ok, this is the Bogleheads forum, so I'll bite. I don't think you can time the market. Mr. Bogle is a man experienced in these matters, and he has not encountered anyone who can. Maybe it's different for you. You did get out at an opportune time. Skill with indicators? Or luck? (Yes, I think luck.)...
by KlangFool
Fri Dec 14, 2018 10:23 am
Forum: Investing - Theory, News & General
Topic: Will the 2008 recession help avoid severity of the next recession?
Replies: 39
Views: 2234

Re: Will the 2008 recession help avoid severity of the next recession?

I disagreed. FAANG has a long way to go before the stock price is reasonable. By definition, growth stocks are priced 'high'. Apparently the market believes that these stocks are worth what they're priced at. Verizon announced severance for 10,400 employees. China is slowing down big time. The impa...
by KlangFool
Fri Dec 14, 2018 8:34 am
Forum: Investing - Theory, News & General
Topic: Will the 2008 recession help avoid severity of the next recession?
Replies: 39
Views: 2234

Re: Will the 2008 recession help avoid severity of the next recession?

I certainly don't feel a lot of irrational exuberance. We have already had a 10% correction even with solid unemployment and economic growth. Unless a major crisis happens, it appears to me that we would be on track for a "soft landing" rather than "burst bubble" scenario. Of course, something unan...
by KlangFool
Thu Dec 13, 2018 10:44 pm
Forum: Investing - Theory, News & General
Topic: Will the 2008 recession help avoid severity of the next recession?
Replies: 39
Views: 2234

Re: Will the 2008 recession help avoid severity of the next recession?

My worry is that a recession might be extended/worse because Congress won't be as able to stimulate the economy with tax cuts, since the tax cuts were already enacted at the end of 2017, when (one could argue) the economy didn't need a stimulus. venkman, If you worry enough about something, you pla...
by KlangFool
Thu Dec 13, 2018 10:42 pm
Forum: Investing - Theory, News & General
Topic: Will the 2008 recession help avoid severity of the next recession?
Replies: 39
Views: 2234

Re: Will the 2008 recession help avoid severity of the next recession?

OP,

I know that I do not know. I planned for a recession lasting 5 years. I planned to survive much longer than most people.

KlangFool
by KlangFool
Thu Dec 13, 2018 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: I'm going to do it? [Transfer to Vanguard]
Replies: 15
Views: 1824

Re: I'm going to do it?

kdhrrsmth wrote:
Thu Dec 13, 2018 5:21 pm
Klangfool,
Thanx for input! Are you suggesting putting full retirement funds into either Wellington or Wellesley funds?
Thanx, Ken
Probably 50% Wellington or Wellesley and 50% Lifestrategy to hit your targeted AA.

KlangFool
by KlangFool
Thu Dec 13, 2018 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: What if you reach your number before retirement?
Replies: 22
Views: 2971

Re: What if you reach your number before retirement?

OP, The answer to your question is do not adjust your AA based on age. Adjust your AA based on your targeted portfolio size instead. That will solve your problem. For example, let assume that your final AA is 40/60 and targeted portfolio size is 4 million. You start with an AA of 70/30. 0K to 1 mil...
by KlangFool
Thu Dec 13, 2018 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: [How much of an emergency fund do I need?]
Replies: 17
Views: 1019

Re: How badly will unemployment be during next recession?

OP,

1) Do not know how this helps you. In my case, it is always about 1 year.

2) Long ago, I read somewhere about a rule of thumb of for every 10K of annual salary, be ready for 1 month of unemployment. Not quite sure whether this still works.

3) I am prepared for 5 years now.

KlangFool
by KlangFool
Thu Dec 13, 2018 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 21655

Re: What percentage of your net worth is your home equity?

Only if you are an accountant, then, the accounting definition matter to you. For me in term of my personal finance, I only count things that matter to me. My home equity does not matter to me. Hence, I do not count. KlangFool It's perfectly reasonable not to "count" home equity if you don't want t...
by KlangFool
Thu Dec 13, 2018 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 21655

Re: What percentage of your net worth is your home equity?

I do not agree , a home becomes part of a decision no matter what. Example : - you get laid off before retirement, unemployment rises and you cannot get work - the market drops and your $1.2 million saved becomes less than $900K - you own a home that has a $300K mortgage on a $400K value - you are ...
by KlangFool
Thu Dec 13, 2018 11:32 am
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 21655

Re: What percentage of your net worth is your home equity?

A) <<Mortgage = x%expense and x% equity. >> This is your point of view. And, folks with this point of view will buy a house with a mortgage greater than rent. KlangFool Say what? Explain to me how a mortgage payment (one that is not interest only) does not fit this description? When you pay off pri...
by KlangFool
Thu Dec 13, 2018 11:26 am
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 21655

Re: What percentage of your net worth is your home equity?

I do not agree , a home becomes part of a decision no matter what. Example : - you get laid off before retirement, unemployment rises and you cannot get work - the market drops and your $1.2 million saved becomes less than $900K - you own a home that has a $300K mortgage on a $400K value - you are ...
by KlangFool
Thu Dec 13, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 21655

Re: What percentage of your net worth is your home equity?

Folks, <<What percentage of your net worth is your home equity?>> This is a meaningless question. The only usefulness of this question is if a person counts the home equity, the person has too much house. Let's go through some examples. 1) Fully paid 400K house. Net worth excluding the house = 1 mi...
by KlangFool
Thu Dec 13, 2018 10:11 am
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 21655

Re: What percentage of your net worth is your home equity?

"The question comes down to does your house's value affect you financially? For people that count their home equity, the answer is yes. For people that do not count, the answer is no" The answer is always yes if you own a home. Reasons: - if you still have a mortgage the home affects your expenses ...
by KlangFool
Thu Dec 13, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 21655

Re: What percentage of your net worth is your home equity?

I always treat my homes as an investment. I buy a style and a neighborhood that I think will cause a house to appreciate. I maintain my investment by making updates, repairing issues, and keeping lawn nice and presentable. When I sell my investment I market it to get the price. I have too much inve...
by KlangFool
Thu Dec 13, 2018 9:23 am
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 21655

Re: What percentage of your net worth is your home equity?

A home isn’t an investment it is a thing. It just happens to be an expensive thing. Well, it can be an investment if you want it to be. If you buy a piece of property through the lense of “I’m going to make money on this” then I would consider it an investment. If you buy it through the lense of “I...
by KlangFool
Thu Dec 13, 2018 9:18 am
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 21655

Re: What percentage of your net worth is your home equity?

Folks, <<What percentage of your net worth is your home equity?>> This is a meaningless question. The only usefulness of this question is if a person counts the home equity, the person has too much house. Let's go through some examples. 1) Fully paid 400K house. Net worth excluding the house = 1 mil...
by KlangFool
Wed Dec 12, 2018 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: I'm going to do it? [Transfer to Vanguard]
Replies: 15
Views: 1824

Re: I'm going to do it?

I am 65 y/o recent retiree. I have 1.5 million 401-K and looking to transfer into Vanguard. Living expenses only. All assets, including home paid off. I do have other assets generating monthly income (rentals). Portfolio I am considering is as follows: (70/30 stock/bond ratio) 1.) VTSMX (Vanguard t...
by KlangFool
Wed Dec 12, 2018 8:01 pm
Forum: Investing - Help with Personal Investments
Topic: I'm going to do it? [Transfer to Vanguard]
Replies: 15
Views: 1824

Re: I'm going to do it?

I am 65 y/o recent retiree. I have 1.5 million 401-K and looking to transfer into Vanguard. Living expenses only. All assets, including home paid off. I do have other assets generating monthly income (rentals). Portfolio I am considering is as follows: (70/30 stock/bond ratio) 1.) VTSMX (Vanguard t...
by KlangFool
Wed Dec 12, 2018 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 21655

Re: What percentage of your net worth is your home equity?

OP, I do not count my house as part of my net worth. If someone is counting the house as part of their net worth, they had bought too much house. KlangFool In my case I do count a conservative estimate of my home equity into my net worth because I do not plan to retire in this house and instead we ...
by KlangFool
Wed Dec 12, 2018 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: Why I use Roth for bond instead of stock. Please correct me...
Replies: 46
Views: 3300

Re: Why I use Roth for bond instead of stock. Please correct me...

After searching and reading a tons of discussions on Roth vs Taxable for bond or stock vs bond in Roth, I decided (tentatively) to use our Roth IRA space for bond. Here're 3 factors contributing to my decision. 1) I'm not guaranteed to earn 15% on stock, but guaranteed to pay tax on bond if it's in...
by KlangFool
Wed Dec 12, 2018 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 21655

Re: What percentage of your net worth is your home equity?

OP, I do not count my house as part of my net worth. If someone is counting the house as part of their net worth, they had bought too much house. KlangFool Not sure I follow the logic of this. If you have rental properties with positive equity, wouldn't you include that in the calculation? Yes, les...
by KlangFool
Wed Dec 12, 2018 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 21655

Re: What percentage of your net worth is your home equity?

Forget whether the home is an "important" or "major" part of your assets, for the moment, which is Klang's argument. If I buy a piece of land for $100, and a year later it's appreciated to $10,000, does that not count as part of my net worth? Even if I borrow the $100, I still have $9,900 in equity...
by KlangFool
Wed Dec 12, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 21655

Re: What percentage of your net worth is your home equity?

You count because it matters to you. I do not count because it does not matter to me. And, if you count, it means that the house is significant to your financial health. You have too much house. Even if I had $100 million dollars invested and a $10,000 shack down by the river, I'd still count the h...
by KlangFool
Wed Dec 12, 2018 8:45 am
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 193
Views: 14320

Re: What Happened to you during the Financial crisis of 2007–2008

OP, 1) I was 50% VSMGX (Lifestrategy Moderate Growth Fund 60/40) and 50% Wellington Fund (65/35) with 1 year of the emergency fund. It rebalanced itself whether I like it or not. I seriously doubt that a young investor with 3 funds portfolio will rebalance in a real bear market. 2) 40% of my curren...
by KlangFool
Wed Dec 12, 2018 8:20 am
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 21655

Re: What percentage of your net worth is your home equity?

I have a 400K house, 100K home equity, and 1.2 million investable assets. I do not care even if my house is worth nothing. KlangFool I guess it depends on your definition of "insignificant"; 400k house with 1.3M portfolio does not seem insignificant to me. The way you were talking upthread, i was e...
by KlangFool
Tue Dec 11, 2018 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 21655

Re: What percentage of your net worth is your home equity?

If your home equity is insignificant as compared to your total asset, it is not worth counting. However, if someone needs to count the home equity in order to show that he/she is worth something, he/she has too much house. KlangFool Very true. I used to add home equity to net assets, but stopped do...
by KlangFool
Tue Dec 11, 2018 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 21655

Re: What percentage of your net worth is your home equity?

Your home is very, very much a part of your networth and to think otherwise is kidding yourself. It's extremely inaccurate and downright silly TBH, to believe that a paid for home is somehow not a portion of a person's networth. If I sell my home, which is completely paid for BTW, and I downsize to...
by KlangFool
Tue Dec 11, 2018 10:57 pm
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 193
Views: 14320

Re: What Happened to you during the Financial crisis of 2007–2008

OP, 1) I was 50% VSMGX (Lifestrategy Moderate Growth Fund 60/40) and 50% Wellington Fund (65/35) with 1 year of the emergency fund. It rebalanced itself whether I like it or not. I seriously doubt that a young investor with 3 funds portfolio will rebalance in a real bear market. 2) 40% of my current...
by KlangFool
Tue Dec 11, 2018 8:33 pm
Forum: Personal Consumer Issues
Topic: Donate to homeless?
Replies: 84
Views: 3936

Re: Donate to homeless?

This time of year homeless panhandlers seem more visible than ever with the weather cold and holidays approaching. Today a lady on the sidewalk asked me how I celebrate - Christmas, Kwanza or Hannukah? Is it a good idea to give a couple dollars to such people? Seems quite mean to ignore them. What ...
by KlangFool
Tue Dec 11, 2018 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: Exceeded the Social Security Income Limit
Replies: 9
Views: 1442

Re: Exceeded the Social Security Income Limit

OP,

The solo/Individual 401K needs to be created before 12/31 this year. It can take a few weeks to create the account.

https://www.bogleheads.org/wiki/Solo_401(k)_plan

KlangFool
by KlangFool
Tue Dec 11, 2018 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 21655

Re: What percentage of your net worth is your home equity?

If you feel like you must count the house, you have too much house. If you don’t count the house, does that then mean you don’t have enough house? No. I am oblivious to the house. Aka, do not care. KlangFool Ok, well I would suspend judgement as to whether those who count their house in their net w...
by KlangFool
Tue Dec 11, 2018 8:03 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing in a taxable account isn't so simple
Replies: 77
Views: 11047

Re: Rebalancing in a taxable account isn't so simple

Also note that most index funds pay out about 2% in dividends every year. Since these dividends should not be automatically reinvested they automatically knock down the value of any asset held in taxable by about 2% a year if nothing else is done. It's like selling shares without realizing that you...