Search found 12610 matches

by KlangFool
Thu Jun 20, 2019 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Career advice — asking for the “gray hair perspective”
Replies: 50
Views: 3669

Re: Career advice — asking for the “gray hair perspective”

Hello friendly Internet strangers - an update on this. It turns out that my supporters within my division (which included several partners) proactively reached out to the head my division (1 level down from CEO) to ask what could be done. The head of my division invited me to dinner last night and ...
by KlangFool
Thu Jun 20, 2019 6:55 am
Forum: Investing - Theory, News & General
Topic: Yes -- Another Tilting Post
Replies: 11
Views: 707

Re: Yes -- Another Tilting Post

OP, If you are interested in this subject area, please buy/borrow this book. https://www.amazon.com/Your-Complete-Guide-Factor-Based-Investing/dp/0692783652/ref=sr_1_1?crid=14OELR9TV8NF2&keywords=swedroe+factor&qid=1561029739&s=gateway&sprefix=swedroe+fac%2Caps%2C133&sr=8-1 KlangFool Thanks very mu...
by KlangFool
Thu Jun 20, 2019 6:23 am
Forum: Investing - Theory, News & General
Topic: Yes -- Another Tilting Post
Replies: 11
Views: 707

Re: Yes -- Another Tilting Post

OP,

If you are interested in this subject area, please buy/borrow this book.

https://www.amazon.com/Your-Complete-Gu ... 133&sr=8-1

KlangFool
by KlangFool
Wed Jun 19, 2019 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 506
Views: 41092

Re: Why are you NOT buying rental properties?

Fair enough but you need $50,000 x 30 = $1.5m investment. You certainly don’t need that much capital if you are investing in real estate. tomtoms, Sincerely, I wish you the best of luck. Leverage works in both directions: up and down. KlangFool That is why I am putting away 20-25% of rent money for...
by KlangFool
Wed Jun 19, 2019 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 506
Views: 41092

Re: Why are you NOT buying rental properties?

Totally fine if you want to work until you are 65 and retire. I would rather have money and retire early. tomtoms, 1) Both my older brother and older sister early retired at 49 years old. 2) Many of my family members are millionaires. 3) <<8%/year for 30 years is not exactly a “fortune” (most peopl...
by KlangFool
Wed Jun 19, 2019 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 506
Views: 41092

Re: Why are you NOT buying rental properties?

8%/year for 30 years is not exactly a “fortune” (most people). This is no longer a rational discussion. Totally fine if you want to work until you are 65 and retire. I would rather have money and retire early. tomtoms, 1) Both my older brother and older sister early retired at 49 years old. 2) Many...
by KlangFool
Wed Jun 19, 2019 9:29 pm
Forum: Personal Consumer Issues
Topic: WiFi/Hot Spot/Options?
Replies: 10
Views: 644

Re: WiFi/Hot Spot/Options?

Two great offers have come together. My employer is allowing me to telework full time from about anywhere this summer and an acquaintance is offering me use of her summer cottage on a lake in a rural area. Reliable internet is key and she says the service there can be spotty....yikes, I have a call...
by KlangFool
Wed Jun 19, 2019 9:27 pm
Forum: Personal Consumer Issues
Topic: WiFi/Hot Spot/Options?
Replies: 10
Views: 644

Re: WiFi/Hot Spot/Options?

OP,

This is a good web site to check mobile coverage at a particular location.

https://www.sensorly.com/

KlangFool
by KlangFool
Wed Jun 19, 2019 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 506
Views: 41092

Re: Why are you NOT buying rental properties?

8%/year for 30 years is not exactly a “fortune” (most people). This is no longer a rational discussion. Totally fine if you want to work until you are 65 and retire. I would rather have money and retire early. tomtoms, 1) Both my older brother and older sister early retired at 49 years old. 2) Many...
by KlangFool
Wed Jun 19, 2019 9:09 pm
Forum: Investing - Theory, News & General
Topic: Investing in Multiple Streams of Income? (NOT get rich quick)
Replies: 81
Views: 5374

Re: Investing in Multiple Streams of Income? (NOT get rich quick)

OP, Starting Net Worth $0 Annual Savings $50,000 Years Annual 12 13 14 15 16 Return Rate 5.00% $795,856 $885,649 $979,932 $1,078,928 $1,182,875 6.00% $843,497 $944,107 $1,050,753 $1,163,798 $1,283,626 7.00% $894,423 $1,007,032 $1,127,524 $1,256,451 $1,394,403 8.00% $948,856 $1,074,765 $1,210,746 $1,...
by KlangFool
Wed Jun 19, 2019 9:05 pm
Forum: Investing - Theory, News & General
Topic: Investing in Multiple Streams of Income? (NOT get rich quick)
Replies: 81
Views: 5374

Re: Investing in Multiple Streams of Income? (NOT get rich quick)

TL;DR: Because I don't want to rely entirely and solely on my salary. I want freedom and independence. Again, not lazy "lie on the beach" freedom. I want the freedom to not be at the whims of my career field. AaronScott, And, if you can save and invest 1 year of current expense every year, why do y...
by KlangFool
Wed Jun 19, 2019 8:17 pm
Forum: Investing - Theory, News & General
Topic: Investing in Multiple Streams of Income? (NOT get rich quick)
Replies: 81
Views: 5374

Re: Investing in Multiple Streams of Income? (NOT get rich quick)

Thanks for all the replies! Just to be clear... It seems like most people here do NOT invest money into developing extra streams of income. And I'm not referring to savings/investments for retirement. I'm talking about now, during your working years, having income from a source other than your sala...
by KlangFool
Wed Jun 19, 2019 7:37 pm
Forum: Investing - Theory, News & General
Topic: Investing in Multiple Streams of Income? (NOT get rich quick)
Replies: 81
Views: 5374

Re: Investing in Multiple Streams of Income? (NOT get rich quick)

Thanks for all the replies! Just to be clear... It seems like most people here do NOT invest money into developing extra streams of income. And I'm not referring to savings/investments for retirement. I'm talking about now, during your working years, having income from a source other than your sala...
by KlangFool
Wed Jun 19, 2019 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 506
Views: 41092

Re: Why are you NOT buying rental properties?

Yet you don’t have a problem with working 9 to 5 for the next 40 years. (1) I'm a law professor. I work a grueling 10 hours a week 28 weeks of the year. (2) A person can make money in rentals. The objections that people have to what you're saying are: (a) You keep underestimating the amount of work...
by KlangFool
Wed Jun 19, 2019 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 506
Views: 41092

Re: Why are you NOT buying rental properties?

No, you buy and hire a professional. to manage it for you. I don’t recommend doing it yourself. Who finds all these amazing deals? Who gets the loans? That’s work. A lot of work based on your criteria of finding properties that will cash flow 20-25% after mortgage, taxes, insurance, management fee,...
by KlangFool
Wed Jun 19, 2019 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 506
Views: 41092

Re: Why are you NOT buying rental properties?

When you have time to rent and maintain properties in your spare time, then you probably have not enough to do at your day time job and did not excel at your job with extra efforts. In the last 30 years before retiring I spent many 12 hour days at work- not always paid, had to travel many times to ...
by KlangFool
Wed Jun 19, 2019 1:37 pm
Forum: Investing - Theory, News & General
Topic: Investing in Multiple Streams of Income? (NOT get rich quick)
Replies: 81
Views: 5374

Re: Investing in Multiple Streams of Income? (NOT get rich quick)

OP, What is wrong with the followings? Earn, save, invest. 1) Earn enough so that you can save 1 year of expense every year. 2) Invest your saving 3) Buy a reasonable house to fix your housing expense = 40% to 50% of the inflation rate. Then, your personal inflation rate is lowered than the officia...
by KlangFool
Wed Jun 19, 2019 12:02 pm
Forum: Investing - Theory, News & General
Topic: Investing in Multiple Streams of Income? (NOT get rich quick)
Replies: 81
Views: 5374

Re: Investing in Multiple Streams of Income? (NOT get rich quick)

A few years ago I read an article or headline that said the average millionaire has 7 sources of income. For some reason that always stuck with me, and I made it my goal to have 7, or as many sources of income as I possibly could. Im 34 years old, and usually have around 4-5 different sources of in...
by KlangFool
Wed Jun 19, 2019 10:57 am
Forum: Investing - Theory, News & General
Topic: Investing in Multiple Streams of Income? (NOT get rich quick)
Replies: 81
Views: 5374

Re: Investing in Multiple Streams of Income? (NOT get rich quick)

A few years ago I read an article or headline that said the average millionaire has 7 sources of income. For some reason that always stuck with me, and I made it my goal to have 7, or as many sources of income as I possibly could. Im 34 years old, and usually have around 4-5 different sources of in...
by KlangFool
Wed Jun 19, 2019 9:22 am
Forum: Investing - Theory, News & General
Topic: Why do large personal portfolios include bonds?
Replies: 145
Views: 9510

Re: Why do large personal portfolios include bonds?

This was just in response to people writing about the marginal utility of dollars to try to say they can't have it both ways. If you say the marginal utility of dollars eventually approaches zero then you have to also admit that there is close to zero marginal utility for dollars after they've lost...
by KlangFool
Wed Jun 19, 2019 9:16 am
Forum: Personal Finance (Not Investing)
Topic: How to estimate taxes during retirement?
Replies: 39
Views: 2536

Re: How to estimate taxes during retirement?

RMD income can be higher than expenses. Seasonal, Only a problem for a small number of folks that are too rich. KlangFool Given my post above, I guess KlangFool would place me in the ¨folks that are too rich¨ category, but my spending plan is conservative (relative to RMDs) in the early years of re...
by KlangFool
Wed Jun 19, 2019 9:14 am
Forum: Personal Finance (Not Investing)
Topic: How to estimate taxes during retirement?
Replies: 39
Views: 2536

Re: How to estimate taxes during retirement?

OP, It is dependent on whether your annual retirement expense is A) around 50K per year or B) the 100K per year range. or higher. Folks in (A) can assume that the taxes will be closed to zero. KlangFool Actually it has nothing to do with expenses in retirement. It does have to do with whether you m...
by KlangFool
Wed Jun 19, 2019 9:06 am
Forum: Investing - Theory, News & General
Topic: Investing in Multiple Streams of Income? (NOT get rich quick)
Replies: 81
Views: 5374

Re: Investing in Multiple Streams of Income? (NOT get rich quick)

OP, My mother has a favorite saying: Even if gold fell from the sky, you will have to run faster than anyone else to catch it. If there is money to be made, there will be competition. There is no long-term sustainable easy business. If you can make money, someone else will compete with you and do it...
by KlangFool
Wed Jun 19, 2019 9:02 am
Forum: Investing - Theory, News & General
Topic: Investing in Multiple Streams of Income? (NOT get rich quick)
Replies: 81
Views: 5374

Re: Investing in Multiple Streams of Income? (NOT get rich quick)

OP, Many of my family members are millionaires. None of them got rich by side hustles. They either focus on their job and/or business. Then, they invest their savings. In fact, among my family members that tried many side hustles, they were not successful. They did not spend enough time and effort o...
by KlangFool
Wed Jun 19, 2019 8:59 am
Forum: Personal Finance (Not Investing)
Topic: How to estimate taxes during retirement?
Replies: 39
Views: 2536

Re: How to estimate taxes during retirement?

OP, It is dependent on whether your annual retirement expense is A) around 50K per year or B) the 100K per year range. or higher. Folks in (A) can assume that the taxes will be closed to zero. KlangFool Actually it has nothing to do with expenses in retirement. It does have to do with whether you m...
by KlangFool
Wed Jun 19, 2019 8:49 am
Forum: Personal Finance (Not Investing)
Topic: How to estimate taxes during retirement?
Replies: 39
Views: 2536

Re: How to estimate taxes during retirement?

OP, It is dependent on whether your annual retirement expense is A) around 50K per year or B) the 100K per year range. or higher. Folks in (A) can assume that the taxes will be closed to zero. KlangFool Actually it has nothing to do with expenses in retirement. It does have to do with whether you m...
by KlangFool
Wed Jun 19, 2019 8:47 am
Forum: Personal Finance (Not Investing)
Topic: How to estimate taxes during retirement?
Replies: 39
Views: 2536

Re: How to estimate taxes during retirement?

OP, It is dependent on whether your annual retirement expense is A) around 50K per year or B) the 100K per year range. or higher. Folks in (A) can assume that the taxes will be closed to zero. KlangFool Disagree that folks in (A) can *necessarily* assume taxes will be close to zero. Very likely tru...
by KlangFool
Wed Jun 19, 2019 8:42 am
Forum: Investing - Theory, News & General
Topic: Investing in Multiple Streams of Income? (NOT get rich quick)
Replies: 81
Views: 5374

Re: Investing in Multiple Streams of Income? (NOT get rich quick)

Thanks for all the replies! Just to be clear... It seems like most people here do NOT invest money into developing extra streams of income. And I'm not referring to savings/investments for retirement. I'm talking about now, during your working years, having income from a source other than your sala...
by KlangFool
Wed Jun 19, 2019 8:19 am
Forum: Investing - Theory, News & General
Topic: Why do large personal portfolios include bonds?
Replies: 145
Views: 9510

Re: Why do large personal portfolios include bonds?

This was just in response to people writing about the marginal utility of dollars to try to say they can't have it both ways. If you say the marginal utility of dollars eventually approaches zero then you have to also admit that there is close to zero marginal utility for dollars after they've lost...
by KlangFool
Tue Jun 18, 2019 9:12 pm
Forum: Investing - Theory, News & General
Topic: Investing in Multiple Streams of Income? (NOT get rich quick)
Replies: 81
Views: 5374

Re: Investing in Multiple Streams of Income? (NOT get rich quick)

OP, What is wrong with the followings? Earn, save, invest. 1) Earn enough so that you can save 1 year of expense every year. 2) Invest your saving 3) Buy a reasonable house to fix your housing expense = 40% to 50% of the inflation rate. Then, your personal inflation rate is lowered than the official...
by KlangFool
Tue Jun 18, 2019 7:21 pm
Forum: Personal Investments
Topic: Advice for young married couples: PLEASE HELP!
Replies: 49
Views: 3903

Re: Advice for young married couples: PLEASE HELP!

As far as buying a house as newlyweds, I'm saying it worked for us, not to teach it to the class; you seemed to be proclaiming a universal law that that would be impossible, or extremely low odds. To get back to something that might be useful to the OP, when we were engaged, part of the weekend we ...
by KlangFool
Tue Jun 18, 2019 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: How to estimate taxes during retirement?
Replies: 39
Views: 2536

Re: How to estimate taxes during retirement?

OP,

It is dependent on whether your annual retirement expense is

A) around 50K per year or

B) the 100K per year range. or higher.

Folks in (A) can assume that the taxes will be closed to zero.

KlangFool
by KlangFool
Tue Jun 18, 2019 4:39 pm
Forum: Personal Investments
Topic: Advice for young married couples: PLEASE HELP!
Replies: 49
Views: 3903

Re: Advice for young married couples: PLEASE HELP!

I don't know why that seems so far-fetched to you. For us, we married at about age 30, we'd separately been living in apartments for 10 years, and wanted a house. We could get a fixer-upper in a decent neighborhood, closed on it when we got back from the honeymoon. Obviously if somebody overextends...
by KlangFool
Tue Jun 18, 2019 3:52 pm
Forum: Personal Investments
Topic: Advice for young married couples: PLEASE HELP!
Replies: 49
Views: 3903

Re: Advice for young married couples: PLEASE HELP!

I don't know why that seems so far-fetched to you. For us, we married at about age 30, we'd separately been living in apartments for 10 years, and wanted a house. We could get a fixer-upper in a decent neighborhood, closed on it when we got back from the honeymoon. Obviously if somebody overextends...
by KlangFool
Tue Jun 18, 2019 3:10 pm
Forum: Personal Investments
Topic: Advice for young married couples: PLEASE HELP!
Replies: 49
Views: 3903

Re: Advice for young married couples: PLEASE HELP!

If you could offer advice to these couples just starting out together, what would you say? What has your experience been and what did you learn from it? We'd like to share some of your insights/wisdom with them, and encourage them to become lifelong students of finance (as we have become thanks to ...
by KlangFool
Tue Jun 18, 2019 12:12 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Has The Value Trade Become Overcrowded.
Replies: 64
Views: 4576

Re: Larry Swedroe: Has The Value Trade Become Overcrowded.

<<So, in essence you have a modest tilt towards value stocks, both small and large. >> 36% of my overall portfolio is in the value stocks. This is out of a 60/40 AA. Do you consider this as a modest tilt? But 24% is in growth stocks. The delta is 12%. So, there is about a 20% tilt, which is modest....
by KlangFool
Tue Jun 18, 2019 9:22 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Has The Value Trade Become Overcrowded.
Replies: 64
Views: 4576

Re: Larry Swedroe: Has The Value Trade Become Overcrowded.

<<So, in essence you have a modest tilt towards value stocks, both small and large. >> 36% of my overall portfolio is in the value stocks. This is out of a 60/40 AA. Do you consider this as a modest tilt? But 24% is in growth stocks. The delta is 12%. So, there is about a 20% tilt, which is modest....
by KlangFool
Tue Jun 18, 2019 7:17 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Has The Value Trade Become Overcrowded.
Replies: 64
Views: 4576

Re: Larry Swedroe: Has The Value Trade Become Overcrowded.

rkhusky, You are approaching from a tactical/market timing standpoint. I am approaching from a strategic point of view. I am building a portfolio that does not require me to know anything about the current market. I do not have to know whether LG is overvalued or now. I am tilted towards LV. If and...
by KlangFool
Mon Jun 17, 2019 9:00 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Has The Value Trade Become Overcrowded.
Replies: 64
Views: 4576

Re: Larry Swedroe: Has The Value Trade Become Overcrowded.

Depends what it is meant by efficient. Does it mean that public information is quickly incorporated into market prices? Or does it mean that no one can make money betting against the market? Does efficiency mean that current market prices are expected to predict future market prices? For example, d...
by KlangFool
Mon Jun 17, 2019 7:53 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Has The Value Trade Become Overcrowded.
Replies: 64
Views: 4576

Re: Larry Swedroe: Has The Value Trade Become Overcrowded.

I know that the market is not efficient all the time. Depends what it is meant by efficient. Does it mean that public information is quickly incorporated into market prices? Or does it mean that no one can make money betting against the market? Does efficiency mean that current market prices are ex...
by KlangFool
Mon Jun 17, 2019 7:01 pm
Forum: Personal Investments
Topic: How to balance retirement investments vs. house/car down-payments as a 20-something year old?
Replies: 5
Views: 513

Re: How to balance retirement investments vs. house/car down-payments as a 20-something year old?

OP,

They are not retirement accounts. They are tax-advantaged accounts. You can access the money without penalty before the retirement age.

https://www.madfientist.com/how-to-acce ... nds-early/

Max up your 401K and save a lot of taxes.

KlangFool
by KlangFool
Mon Jun 17, 2019 6:40 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Has The Value Trade Become Overcrowded.
Replies: 64
Views: 4576

Re: Larry Swedroe: Has The Value Trade Become Overcrowded.

I know that the market is not efficient all the time. Depends what it is meant by efficient. Does it mean that public information is quickly incorporated into market prices? Or does it mean that no one can make money betting against the market? Does efficiency mean that current market prices are ex...
by KlangFool
Mon Jun 17, 2019 5:09 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Has The Value Trade Become Overcrowded.
Replies: 64
Views: 4576

Re: Larry Swedroe: Has The Value Trade Become Overcrowded.

I know that the market is not efficient all the time. Depends what it is meant by efficient. Does it mean that public information is quickly incorporated into market prices? Or does it mean that no one can make money betting against the market? Does efficiency mean that current market prices are ex...
by KlangFool
Mon Jun 17, 2019 1:17 pm
Forum: Personal Investments
Topic: What percentage of total portfolio in REIT's do you have? Why?
Replies: 125
Views: 6085

Re: What percentage of total portfolio in REIT's do you have? Why?

OP, Used to be 10%. Now, 0%. In fact, I made money with my REIT Index fund from the 2008/2009 crash. In my opinion, VGSIX/VNQ is a lousy bet. A) REIT Index fund = Public REIT is a very small non-representative of the over REIT market. B) Even the largest public REIT can go private and private REIT g...
by KlangFool
Mon Jun 17, 2019 9:14 am
Forum: Personal Investments
Topic: Advice for young married couples: PLEASE HELP!
Replies: 49
Views: 3903

Re: Advice for young married couples: PLEASE HELP!

If you could offer advice to these couples just starting out together, what would you say? What has your experience been and what did you learn from it? We'd like to share some of your insights/wisdom with them, and encourage them to become lifelong students of finance (as we have become thanks to ...
by KlangFool
Mon Jun 17, 2019 9:05 am
Forum: Personal Consumer Issues
Topic: User reviews - How do you use them?
Replies: 33
Views: 1162

Re: User reviews - How do you use them?

The bogus reviews...though. Sometimes we think that everybody can spot these, but that's not the case. My mother who is 68 has problems identifying these bogus reviews and I'm sure there are others who are naive and don't even know bogus reviews happen. renue74, And, how is that different from ever...
by KlangFool
Mon Jun 17, 2019 8:52 am
Forum: Personal Consumer Issues
Topic: User reviews - How do you use them?
Replies: 33
Views: 1162

Re: User reviews - How do you use them?

I just had this conversation with a friend last week. The user review system has to be ripe for disruption by now. I don't know what the fix is....but as time goes on, the internet user review system has to change. Firstly, they are subjective. Any time you involve humans in a process, you'll get s...
by KlangFool
Mon Jun 17, 2019 7:42 am
Forum: Personal Consumer Issues
Topic: User reviews - How do you use them?
Replies: 33
Views: 1162

Re: User reviews - How do you use them?

I just had this conversation with a friend last week. The user review system has to be ripe for disruption by now. I don't know what the fix is....but as time goes on, the internet user review system has to change. Firstly, they are subjective. Any time you involve humans in a process, you'll get s...
by KlangFool
Mon Jun 17, 2019 7:05 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Has The Value Trade Become Overcrowded.
Replies: 64
Views: 4576

Re: Larry Swedroe: Has The Value Trade Become Overcrowded.

OP, 1) 40% of my portfolio is in the Wellington fund = 26% LV 2) 10% of my portfolio is in the SCV as part of the mini-Larry portfolio 3) I am 36% tilted to the value factor. 4) No, I do not have special insight into the market. But, the talk about FAANG is similar to the usual talk right before the...
by KlangFool
Mon Jun 17, 2019 6:45 am
Forum: Forum Issues and Administration
Topic: Why not add a "like" button to Boglehead posts?
Replies: 185
Views: 28027

Re: A way to "thank" posts

Please DONT ever add a like button or anything else that's just tallying clicks. That adds nothing but a social media element to an otherwise useful discussion. If you want to agree or thank someone, just make a post doing so. +1,000. Simple and easy is not the proper way to thank someone. If the a...