Search found 51 matches

by politely
Fri Jan 24, 2020 3:19 am
Forum: Personal Finance (Not Investing)
Topic: I am not very good at my job
Replies: 41
Views: 5423

Re: I am not very good at my job

Genius is overrated - especially by those who are not... and those who think they are.
by politely
Tue Jan 21, 2020 2:09 am
Forum: Personal Finance (Not Investing)
Topic: FI and/or RE: did you change your "magic number"?
Replies: 24
Views: 2140

Re: FI and/or RE: did you change your "magic number"?

Yes. While probably FI, my magic number has increased dramatically over time. Increased spending was one reason. Decrease in bond yields was another - surprising what happens to your plans when yields halve. And changing plans to potentially add a second house didn't help either. So, more work ahead...
by politely
Tue Jan 21, 2020 2:00 am
Forum: Personal Investments
Topic: My "savings account": is it okay to go 50/50 cash/bonds?
Replies: 10
Views: 1517

Re: My "savings account": is it okay to go 50/50 cash/bonds?

If you keep your emergency account in checking, it's not clear why you then have an additional "savings account". I keep savings accounts separate only if there is a specific expense with a specific time frame, otherwise new money is generally invested in accordance with my targeted allocation. With...
by politely
Mon Dec 23, 2019 3:01 am
Forum: Personal Consumer Issues
Topic: What tech wiring in new build house?
Replies: 124
Views: 7006

Re: What tech wiring in new build house?

If you don't need all the wiring, that's ok, but during the build phase, I would add conduits while it can be done inexpensively, so that you, or the future buyer, have the option to run cable, of whatever variety. Wireless may get better in the future, but I have hard-wired all of my data-intensive...
by politely
Mon Dec 16, 2019 2:25 am
Forum: Personal Investments
Topic: How much in 529 is enough to fund college?
Replies: 114
Views: 10321

Re: How much in 529 is enough to fund college?

I am wondering how much budget in 529 is a good amount if u want to fund your child's undergraduate education debt free? Since the question specified "debt free", I think the answer is pretty simple. Assuming that (i) since financial aid typically includes loans, you are not expecting any, (ii) tha...
by politely
Sat Dec 07, 2019 3:26 am
Forum: Personal Consumer Issues
Topic: Paying for vices (like cigarettes)
Replies: 72
Views: 6178

Re: Paying for vices (like cigarettes)

Based on big data trends, the increase in online activity, and the increasing level of sophistication of the data collectors/traders, I think it's inevitable that for-profit companies will have a great deal of information specific to you. Whether it's what you buy, where you go, what you do, where y...
by politely
Sat Nov 23, 2019 3:25 am
Forum: Investing - Theory, News & General
Topic: Do you invest in Real Estate ? Why ?
Replies: 145
Views: 21223

Re: Do you invest in Real Estate ? Why ?

Folks, 1. Do you invest in Real Estate ? 2. If yes, Why do you invest ? Cash Flow vs 3-Fund-Portfolio ? 3. If not, Why not ? I'll appreciate if you please share any real experiences; My Financial Advisor advised me to consider Real Estate investments for Cash Flow diversification. 1. I have a home,...
by politely
Fri Nov 22, 2019 1:11 am
Forum: Personal Finance (Not Investing)
Topic: Equal Inheritance for Children
Replies: 109
Views: 10749

Re: Equal Inheritance for Children

I don't think there's an easy way to be exactly fair, but on the other hand, I don't think that's necessary. As long as you've tried to be fair, that may be enough. I don't know your family dynamics, but in mine where my siblings are receiving current gifts and I will receive assets upon my parents ...
by politely
Sun Nov 10, 2019 3:15 am
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 192
Views: 15824

Re: Spend It All vs. Leave $$ for the Kids

I'm hoping to maintain an approximate 3% withdrawal rate when I hit retirement, which is likely to mean a fair amount of money for my children. While I do want to leave the kids a sizable inheritance, I also picked that rate as a fairly conservative measure to avoid running out of money and would ha...
by politely
Thu Nov 07, 2019 3:06 am
Forum: Personal Consumer Issues
Topic: Your Fantasy Kitchen (Cookware-wise)
Replies: 65
Views: 5954

Re: Your Fantasy Kitchen (Cookware-wise)

I think you have plenty - but you can always add more for fun. We also have plenty, but add to our collection every so often. I also have the All Clad - stainless steel triply. I didn't buy the copper version because of various reviews that it may be worse than the tri-ply. Overall, I think cookware...
by politely
Thu Nov 07, 2019 2:25 am
Forum: Personal Finance (Not Investing)
Topic: Should be I be investing anything in my current situation?
Replies: 19
Views: 1699

Re: Should be I be investing anything in my current situation?

Yes, it's logical to tackle the highest cost debt first; however, when I was younger with a serious amount of debt, I made a conscious decision to create an emergency fund and build up a savings/investment account together with paying off debt. Financially and mathematically, it would have made more...
by politely
Thu Nov 07, 2019 1:52 am
Forum: Investing - Theory, News & General
Topic: Why ever buy & hold a LT treasury?
Replies: 60
Views: 3064

Re: Why ever buy & hold a LT treasury?

So for an investor who will willingly wait for 30 years and not sell, stocks seem like a no-brainer. In other words, if you don't need the money for more than 3 decades, why would you ever buy bonds at all? Is it purely from the psychology stability of bonds? Equities will likely perform better ove...
by politely
Mon Nov 04, 2019 1:50 am
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1661
Views: 184493

Re: [What TV Show Have You Recently Watched?]

Should be finishing up Numb3rs this week (currently on season 5), an old show that I didn't really expect to like based on the description - but am really enjoying (although, in my view, the quality has dropped a little and is becoming a little more and more implausible over the seasons). Then will ...
by politely
Wed Oct 30, 2019 1:25 am
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 196
Views: 13361

Re: Apple Pay. Does anyone use it?

No Apple credit card, but I use Apple Pay. The biggest advantage for me is that I can store all my credit cards on the iphone. I carry only two physical credit cards, just in case Apply Pay isn't accepted (one VISA and one MC - just in case one or the other isn't accepted). I even have my ATM/debit ...
by politely
Tue Oct 29, 2019 12:25 am
Forum: Personal Consumer Issues
Topic: New Computer with or without SSD?
Replies: 78
Views: 4675

Re: New Computer with or without SSD?

I've had dozens of HDDs and SSDs, and a couple of failures of both. The vast majority of my drives have generally outlived their usefulness before failure. You can know the mean time before failure or annual failure rate of a particular model, but not when your particular drive will actually die. I ...
by politely
Wed Oct 16, 2019 1:18 am
Forum: Personal Finance (Not Investing)
Topic: Should I invest in a ski in / ski out condo?
Replies: 50
Views: 5542

Re: Should I invest in a ski in / ski out condo?

I know you're not making a serious suggestion here, but this is literally the first time I've ever seen a recommendation here on the forum to purchase a timeshare. :twisted: Typically true, but it depends on the timeshare. We bought one that is predominantly occupied by owners year-after-year, wher...
by politely
Wed Oct 09, 2019 12:37 am
Forum: Investing - Theory, News & General
Topic: Bond Investing when Yield Curve is Flat
Replies: 91
Views: 8915

Re: Bond Investing when Yield Curve is Flat

This is an interesting topic, and I think that bonds are sufficiently different from equities that they should be viewed differently for certain purposes. In the context of market timing, I don't think it's always "bad" to market time - for example, I would not invest in negative yields and wouldn't...
by politely
Wed Sep 25, 2019 11:49 pm
Forum: Personal Consumer Issues
Topic: Elite liberal art colleges or bigger selective universities?
Replies: 59
Views: 4883

Re: Elite liberal art colleges or bigger selective universities?

I have looked into this question before. You may find this site helpful. Among the information on that site, are some statistics for admission into medical schools from the top LACs, for what it's worth (and, anecdotally, I have acquaintances who went to state schools who find these statistics ridic...
by politely
Wed Jul 10, 2019 1:05 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: The Historical Imperative For International Diversification
Replies: 347
Views: 21345

Re: Larry Swedroe: The Historical Imperative For International Diversification

"Domicile more important than revenue" because it more completely captures the benefits of diversification. For one thing, the value of a company lies not in its revenues but in its profits (i.e. revenues minus expenses): focusing on geographic dispersion of revenues captures only half of this equa...
by politely
Tue Jul 09, 2019 12:47 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: The Historical Imperative For International Diversification
Replies: 347
Views: 21345

Re: Larry Swedroe: The Historical Imperative For International Diversification

Don't forget that domestic companies in emerging markets are not the only ones generating revenues in those countries, including China and India. Index companies in Europe, Japan and North America also have significant sales in those emerging economies (in red, chart below). Apologies if this quest...
by politely
Mon Jul 08, 2019 10:52 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 31465

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

It was an online survey of 401k participants (does not appear that it was limited to Schwab account holders). Thanks for the links. The four points I thought interesting when linked together were (i) "on average, participants think they need $1.7 million saved for retirement", (ii) that 58% said th...
by politely
Sat Jul 06, 2019 1:16 am
Forum: Personal Investments
Topic: Sitting on $1.5m cash - need help
Replies: 53
Views: 14657

Re: Sitting on $1.5m cash - need help

QUESTIONS 1. We NEED a house. Have outgrown where we are now. Assuming house is $2m, a 20% down payment would $400k plus another $100K for anything extraneous, which bring the total to about $500K for “house”. I currently have this at Ally. This leaves another 500K in cash at Ally. I need to invest...
by politely
Tue Jul 02, 2019 2:13 am
Forum: Personal Finance (Not Investing)
Topic: Do you share your net worth with family members?
Replies: 252
Views: 23041

Re: Do you share your net worth with family members?

I've shared financial information with my parents. When they've asked, I couldn't lie to them or shrug them off. They've been very clear about their finances with me and they have been open and responsible about estate planning and the future, so I feel that I owe them the same. As I am their primar...
by politely
Sat Jun 22, 2019 2:32 am
Forum: Investing - Theory, News & General
Topic: Good times: 2008 vs Now
Replies: 145
Views: 15995

Re: Good times: 2008 vs Now

I'll start off by saying I don't know what will happen, but I'm a little concerned. Here are a few of my admittedly personal / anecdotal concerns, so take it for what it's worth. . I've started feeling again, as I did back in 2006-2008, that I don't understand how there's so much demand for resident...
by politely
Wed Jun 19, 2019 1:08 am
Forum: Investing - Theory, News & General
Topic: Why do large personal portfolios include bonds?
Replies: 171
Views: 15485

Re: Why do large personal portfolios include bonds?

However if their portfolio were much larger such that a 50% drop would still not affect the $40K withdrawal then why have any bonds at all? I suppose in the example just given that means having a $4M portfolio and higher to not really worry about it. That seems doable for many of the high net worth...
by politely
Mon Jun 10, 2019 12:24 am
Forum: Personal Finance (Not Investing)
Topic: Highly appreciated whiskies
Replies: 34
Views: 3727

Re: Highly appreciated whiskies

I have the same problem, but different whiskey. I did make the decision to sell, but then found that the obstacles to selling were high, so I've just kept the bottles. There are state-based restrictions on secondary sales of liquor, as well as restrictions on shipping. Selling whiskey is more diffic...
by politely
Mon Jun 03, 2019 11:03 pm
Forum: Personal Consumer Issues
Topic: Recommend a small inexpensive laser printer?
Replies: 39
Views: 2826

Re: Recommend a small inexpensive laser printer?

Another Brother recommendation, for now, at least for the simple machines. My experience with the MFCs has been a bit spotty. After trying many brands, both lasers and inkjets, it seems that each manufacturer seems to have their moment in the sun; although I've now sworn off all injkets until the ea...
by politely
Tue May 21, 2019 12:06 am
Forum: Personal Investments
Topic: Is an emergency just mental accounting?
Replies: 70
Views: 6055

Re: Is an emergency just mental accounting?

I agree that it's mostly mental in the sense you describe, except maybe for actual cash on hand. While arguably still a type of mental accounting, for "true" emergencies, I keep a certain amount of cash on my person whenever I go out, a larger amount when I travel outside my city, and an even larger...
by politely
Sat May 18, 2019 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: At what NW do I have disposable income?
Replies: 85
Views: 6345

Re: At what NW do I have disposable income?

My spouse and I started our lives together with six figures of student debt. We eventually added six figures of mortgage debt. Not taking vacations and the occasional luxury during those early years because of our negative net worth would have been sad. We still talk about those early travels with f...
by politely
Sat May 11, 2019 12:37 am
Forum: Personal Consumer Issues
Topic: 256 Gbytes for IPhone! How much further?
Replies: 29
Views: 2311

Re: 256 Gbytes for IPhone! How much further?

I've used up most of the 256gb on my Iphone, with about 20gb free (need to keep some capacity to allow for updates). Most of the memory is used for music. Already have to pick and choose what will be synced to the phone. I'd like to get to a point where my phone can hold all the info on my computer,...
by politely
Wed May 08, 2019 11:11 pm
Forum: Personal Consumer Issues
Topic: French Door Refrigerator Recommendations?
Replies: 65
Views: 5676

Re: French Door Refrigerator Recommendations?

We have had a Samsung for about 10 years, and it has worked pretty well. We have been pretty happy with the lack of trouble. But a couple of points for your consideration. Although more energy efficient, I've come to dislike the bottom drawer freezer because I have to dig through a bunch of frozen i...
by politely
Mon Mar 25, 2019 12:51 am
Forum: Personal Consumer Issues
Topic: Recommend a good SOCK. Yes, I said SOCK!
Replies: 77
Views: 7845

Re: Recommend a good SOCK. Yes, I said SOCK!

Go for wool socks. I vote for Darn Tough. I used to buy Smartwool, but gave up because the heel-ankle area kept wearing out in less than 6 months. Gave up on Gold Toe because cotton socks are terrible with moisture. It's amazing how much more comfortable wool socks are throughout the day - and my fe...
by politely
Wed Mar 20, 2019 1:01 am
Forum: Personal Investments
Topic: How to get over a $25K stock market loss?
Replies: 125
Views: 11509

Re: How to get over a $25K stock market loss?

I don't think it's something to get over. I think it's an important part of your personal learning process and understanding your risk tolerance. My experience in the market, both good and bad, has shaped my thinking about my portfolio and risk, and ultimately my allocation and IPS (although I'm sur...
by politely
Sun Mar 10, 2019 2:01 am
Forum: Investing - Theory, News & General
Topic: After ten years, most of the record of the crash is gone
Replies: 41
Views: 6613

Re: After ten years, most of the record of the crash is gone

Since the SEC requires that funds publish 1-year, 5-year, and 10-year returns, this means that there is no record of a bear market in the published returns. That may be true, but the experience of the tech crash and the financial crisis (both probably > 50% market losses) have significantly affecte...
by politely
Sat Mar 09, 2019 3:03 am
Forum: Personal Finance (Not Investing)
Topic: Savings Rate
Replies: 97
Views: 8100

Re: Savings Rate

When I was younger, I didn't save much because I didn't make much. My goal back then was to pay off my loans and max out my tax advantaged accounts, rather than trying to achieve some % of income of savings. When the kids came along, I had more income, but had to balance that with childcare costs, s...
by politely
Sun Feb 17, 2019 2:24 am
Forum: Personal Finance (Not Investing)
Topic: Being content with your finances
Replies: 106
Views: 9190

Re: Being content with your finances

I think it's ok to keep searching for ways to make more and keep more, especially when younger. I've spent a lot of time doing both, and I don't think it's a matter of whether other people think you have enough. Only you'll know if you're satisfied. If you like doing it and it makes you feel more pr...
by politely
Fri Feb 08, 2019 1:22 am
Forum: Investing - Theory, News & General
Topic: To What Degree Does Money Buy Happiness?
Replies: 107
Views: 5536

Re: To What Degree Does Money Buy Happiness?

Studies have been done on this topic. According to a Purdue analysis (2018), "Globally, we find that satiation occurs at $95,000 for life evaluation and $60,000 to $75,000 for emotional well-being. However, there is substantial variation across world regions, with satiation occurring later in wealth...
by politely
Wed Feb 06, 2019 2:40 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 3% is the new 4%
Replies: 699
Views: 55757

Re: Larry Swedroe: 3% is the new 4%

Far better to retire at 4%, with the expectation of MAYBE going back to work (or cutting back some, but not all, fun) if bad things happen. Isn't that better than working for 5 more years to make sure you don't have to go back to work if bad things happen. But you already worked 5 more years! (so t...
by politely
Mon Jan 28, 2019 3:01 am
Forum: Investing - Theory, News & General
Topic: Yes...another question/comment about gold
Replies: 30
Views: 1476

Re: Yes...another question/comment about gold

One personal data point. I own gold. Originally, my parents bought it in the 1980s, probably around $1,200 a troy ounce (and it seems it went over $2,000 in 1980). In the 90s, when I bought a gold ring, it was around $500-600 an oz. Today it's around $1,300 an oz (and went over $2,000 in 2011). It's...
by politely
Sun Jan 27, 2019 4:15 am
Forum: Investing - Theory, News & General
Topic: Argument against equity in early stage?
Replies: 75
Views: 3828

Re: Argument against equity in early stage?

So $31,200 vs $50,400. Person A has essentially preemptively raided their Roth IRA in order to make a taxable emergency fund. Person B is clearly in a better spot because[...] Since both people would be young, have you considered the impact of the 10% early withdrawal penalty? Assuming all other th...
by politely
Thu Jan 24, 2019 4:57 am
Forum: Personal Investments
Topic: Rethinking the bond percentage.
Replies: 43
Views: 4158

Re: Rethinking the bond percentage.

I do. I am aiming for FI. It is 25 times my current annual expense. If you are having a hard time forecast the future expense, this is a good way to start. I don't think it's a matter of focusing on how much money is left on the table. In my view, setting or changing your allocation should be based...
by politely
Thu Jan 24, 2019 3:53 am
Forum: Personal Investments
Topic: Shifting funds from National to California munis
Replies: 14
Views: 1464

Re: Shifting funds from National to California munis

Actually, Cali tax law requires a muni fund to be 50% or more Cali before interest is deductible. Penguin's example is correct. Thanks for that correction. It's an interesting issue. Looks like there were some previous threads about the issue on this forum, along with some confusion. As noted by on...
by politely
Wed Jan 23, 2019 1:49 am
Forum: Investing - Theory, News & General
Topic: REITS
Replies: 15
Views: 3683

Re: REITS

I like equity REITs. It's one way to invest in real estate, and to the extent real estate makes sense in your portfolio, REITs are more liquid and more convenient than physical property. However, although REITs and REIT funds are one- and two- (or more) steps removed from the actual properties, I th...
by politely
Tue Jan 22, 2019 10:37 pm
Forum: Personal Investments
Topic: Shifting funds from National to California munis
Replies: 14
Views: 1464

Re: Shifting funds from National to California munis

The SEC yield on Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) is 2.45%. (fund 1) If you invest $1 million in this fund for one year your California taxable interest will be $24,500. The tax on $24,500 at 10.5% is $2573. (No federal tax) A portion of dividends from the intermedi...
by politely
Mon Jan 21, 2019 4:29 am
Forum: Personal Investments
Topic: Muni Bonds for large part of Bond allocation smart?
Replies: 32
Views: 3974

Re: Muni Bonds for large part of Bond allocation smart?

As I read articles and posts, most of them recommend putting bonds in a tax-advantaged account and also reference a broad fund like BND(which is equivalent to what I use in roth/401k). Given the tax bracket I am in and the way things are currently structured, should I be concerned about the exposur...
by politely
Sun Jan 20, 2019 3:40 am
Forum: Investing - Theory, News & General
Topic: So when do you sell?
Replies: 27
Views: 2843

Re: So when do you sell?

My goal is to avoid the rice paddy to rice paddy in three generations curse, and also the five generation immigrant reversion to the mean: I haven't heard about the five - will have to look that up. But, here's an excerpt from the Economist about the three: "The Chinese have a saying, “Fu bu guo sa...
by politely
Sun Jan 20, 2019 3:14 am
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 188
Views: 21772

Re: Around 43K in dividends last year - feel good about it ?

JustinR, as I've said, I'm not going to try to change your view, but I am somewhat disappointed that you felt the need to mischaracterize my posts, recharacterize our discussion, and throw up fallacious strawmen in an effort to support your view. It's a form of intellectual dishonesty, but more impo...
by politely
Fri Jan 18, 2019 2:34 am
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 188
Views: 21772

Re: Around 43K in dividends last year - feel good about it ?

Dividends are a fact of daily life for any investor. We have to deal with them. That's not what this thread is about. What we're arguing isn't "should investors avoid all funds that give dividends" but rather the more philosophical question "is receiving a dividend good" which the answer is no. Rec...
by politely
Thu Jan 17, 2019 2:43 am
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 188
Views: 21772

Re: Around 43K in dividends last year - feel good about it ?

One should not be invested in single companies in the first place, so this questions do not arise for the retail investor of ETFs and mutual funds. I very much respect the thinking and philosophy behind this post, but I don't agree that all retail investors are in the same situation or that retail ...
by politely
Thu Jan 17, 2019 1:54 am
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 188
Views: 21772

Re: Around 43K in dividends last year - feel good about it ?

We've already established that it's better to sell shares: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=269321&start=100#p4315265 There's literally zero benefits to receiving a dividend. No offense JustinR, but in my opinion, it's not really conclusive to simply point to your own assertion...