Search found 68 matches

by politely
Sat Aug 01, 2020 1:16 am
Forum: Personal Finance (Not Investing)
Topic: Evaluating a Potential Purchase of Property in the Philippines
Replies: 29
Views: 2172

Re: Evaluating a Potential Purchase of Property in the Philippines

Lots of good advice here, and thought to add two considerations. Income projections based on inexperience are usually more optimistic than reality. Given the difficulties here, in particular, your inability to manage, inability to visit, inability to inspect, inability to collect or enforce, and ......
by politely
Mon Jul 06, 2020 2:35 am
Forum: Personal Finance (Not Investing)
Topic: What to do with all this MONEY ?
Replies: 201
Views: 20914

Re: What to do with all this MONEY ?

But the question is still there, what do we do with this Piggy Bank of ours ? Having similar thoughts and issues, I wanted to add that you're still relatively young. Absent health issues, you and your wife could still have several decades to enjoy. If you don't have a will, that would be a good pla...
by politely
Mon Apr 20, 2020 2:31 am
Forum: Personal Consumer Issues
Topic: Should I buy a new rice cooker from Zojirushi?
Replies: 75
Views: 5814

Re: Should I buy a new rice cooker from Zojirushi?

Zojirushi makes a great product. We have the Zojirushi NP-HCC10XH Induction model (1L version) and have bought both the 10xh and the the NP-HCC18XH Induction model (1.8L version) for family. Currently, the difference is only about $5-$10 on Amazon between these two. These cost almost double the amou...
by politely
Wed Mar 25, 2020 1:41 am
Forum: Personal Finance (Not Investing)
Topic: Support for Teens/College Kids Who've Had Hours Cut
Replies: 28
Views: 1926

Re: Support for Teens/College Kids Who've Had Hours Cut

Sounds like they're all still dependents. I would provide all the necessities, like housing, food and clothing, and to the extent I'm able, provide a reasonable allowance. One could argue about any allowance beyond the necessities, but I would say it will save a lot of wear and tear on the relations...
by politely
Wed Mar 25, 2020 1:33 am
Forum: Investing - Theory, News & General
Topic: Deal reached on $2 Trillion stimulus bill - Largest in U.S. History
Replies: 8
Views: 1449

Re: Deal reached on $2 Trillion stimulus bill - Largest in U.S. History

This is a bandaid put on a hemorrhaging wound. The primary issue here is a deadly virus that is out of control. I agree that the infection & mortality rates will have a large impact on the markets over the long term, but I think the stimulus is much more important than a bandaid. The stimulus and t...
by politely
Mon Mar 23, 2020 2:07 am
Forum: Personal Consumer Issues
Topic: How to get Toilet Paper ? seriously.
Replies: 684
Views: 56987

Re: How to get Toilet Paper ? seriously.

Wannaretireearly wrote:
Mon Mar 23, 2020 1:02 am
You'll need an electrical outlet. So plan your potty well...
There are bidets that work on water pressure. They are not as luxurious, and don't warm the water, but still work. I have both... and I prefer the electric, especially in the winter.....
by politely
Thu Mar 19, 2020 5:32 pm
Forum: Investing - Theory, News & General
Topic: The end of cruise ships [cruise line stock prices]
Replies: 246
Views: 26326

Re: The end of cruise ships

From the NY Post: "President Trump said Thursday that the head of Carnival Corporation has offered the company’s ships to help the country deal with the coronavirus pandemic by freeing up hospital beds occupied by people who do not have the virus. “I spoke with [Chairman] Micky Arison of Carnival Cr...
by politely
Wed Mar 18, 2020 5:26 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 19464
Views: 2695750

Re: U.S. stocks in free fall

I've been buying some individual stocks and municipal bonds, and some stock index funds, including today. While the volatility and losses are discouraging, I am preparing for more of the same. While it's possible that we're near the bottom, my guess is that the markets won't really recover while the...
by politely
Tue Mar 17, 2020 12:44 am
Forum: Investing - Theory, News & General
Topic: Will the F.I.R.E. movement survive?
Replies: 98
Views: 7318

Re: Will the F.I.R.E. movement survive?

I think FIRE survives. What doesn't survive is the thinly capitalized, highly optimistic version that requires all assumptions to work out. It was sort of revolutionary to me when I first heard about it - that one can retire long before mandatory retirement age. There are versions that contemplate g...
by politely
Sat Mar 14, 2020 12:25 am
Forum: Investing - Theory, News & General
Topic: So.... is this really "it"? Is this what we needed to mentally prepare for?
Replies: 158
Views: 14448

Re: So.... is this really "it"? Is this what we needed to mentally prepare for?

OP, Wait until your employer starts laying off people. Or, you are unemployed. Then, you can say that you passed the test. KlangFool This is a good point... The last one was scarier with all the job losses (including white-collar jobs). Yep, that was scary. But as I recall, the fear was compounded ...
by politely
Fri Mar 13, 2020 1:18 am
Forum: Investing - Theory, News & General
Topic: Why are bonds falling?
Replies: 236
Views: 5901

Re: Why are municipal bonds down 5% today?

First, some people are selling everything, so there are more sellers than buyers. I heard a similar story on CNBC, that institution are selling their performers, including highly rated munis and gold, to either make margin calls or re-invest in safe treasuries. Sure enough, I saw muni bonds show up...
by politely
Fri Mar 13, 2020 12:30 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 19464
Views: 2695750

Re: U.S. stocks in free fall

I remember 2009 but I wasn't in the market back then. Just curious how the 100% stock folks are feeling, and were any of you in the market in 2009? I wasn’t investing in 2008, is that what it was like? I have to say that it was much much much worse for me back then. I was 100% equities. I expected ...
by politely
Thu Mar 12, 2020 12:52 am
Forum: Investing - Theory, News & General
Topic: The end of cruise ships [cruise line stock prices]
Replies: 246
Views: 26326

Re: The end of cruise ships

Cruises are not for everyone. Certainly, for me, the level of attraction has changed over time. As a younger person, I sort of dreaded it, felt like I would be trapped, and thought of it as an old person's "thing". Having some years under my belt now, and having been on a few, I have to say that I l...
by politely
Tue Mar 10, 2020 1:56 am
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000? [Archived]
Replies: 1479
Views: 324492

Re: Best watch for around $5,000?

The key difference is that not only is a $5000 watch functionally about the same as a $500 or $50 watch, for the most part, if the brand was obscured, and ex- perhaps some minor styling differences that a connoisseur might know of, a $5K watch is basically indistinguishable (IIUC) from a $500 or a ...
by politely
Sun Mar 08, 2020 4:11 am
Forum: Investing - Theory, News & General
Topic: [Why aren't forum members following the "Stay the course" approach?]
Replies: 372
Views: 26023

Re: Disappointed in forum members

"Everybody has a plan until they get punched in the mouth." - Mike Tyson I love this quote, because it has universal application. Here's an explanation from Tyson from an interview with the SunSentinel: "People were asking me [before a fight], 'What’s going to happen?,' " Tyson said. "They were tal...
by politely
Sun Mar 08, 2020 4:01 am
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000? [Archived]
Replies: 1479
Views: 324492

Re: Best watch for around $5,000?

This is an amazing thread. I've resisted posting because so much has already been said, but am finally giving into temptation. As an owner of several high-value watches, but without being a watch nut, I can completely understand the attraction of a Rolex. In addition to its brand value, the company ...
by politely
Fri Jan 24, 2020 3:19 am
Forum: Personal Finance (Not Investing)
Topic: I am not very good at my job
Replies: 48
Views: 8014

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: 2327

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: 1630

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: 7384

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: 10772

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: 6570

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: 22165

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: 11076

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: 16496

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: 6210

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: 1771

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: 3267

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: 2015
Views: 216003

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: 14247

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: 79
Views: 5883

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: 5912

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: 9337

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: 5213

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: 21830

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: 21830

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: 32239

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: 14937

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: 23731

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: 16510

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: 15824

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: 3788

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: 3019

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: 6133

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: 6414

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: 2333

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: 5970

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: 83
Views: 8928

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: 11879

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...