Search found 974 matches

by bligh
Fri Feb 15, 2019 7:07 pm
Forum: Investing - Theory, News & General
Topic: Did you get spooked by the December 2018 fall and gave up on passive?
Replies: 120
Views: 5835

Re: Did you get spooked by the December 2018 fall and gave up on passive?

Here is what I recommend you do. Each year, make a prediction on how you think the market is going to do. Go up 5%, 7%, 10%.. or down 5%, 7%, 10%.. and then see if the market came close to your prediction. At the beginning of 2017 I had predicted that the long bull run was going to end and that 2017...
by bligh
Thu Feb 14, 2019 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24655

Re: Cost of college and 529

Not nothing, they learned lots of mind expanding stuff over the 31+ months they attended college! You can get that knowledge by simply sitting in on the lectures for free, no one will stop you. You can also just "audit" a course. Finally you can get all that knowledge and more for free online, or b...
by bligh
Thu Feb 14, 2019 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24655

Re: Cost of college and 529

Not nothing, they learned lots of mind expanding stuff over the 31+ months they attended college! You can get that knowledge by simply sitting in on the lectures for free, no one will stop you. You can also just "audit" a course. Finally you can get all that knowledge and more for free online, or b...
by bligh
Sat Feb 09, 2019 2:20 pm
Forum: Personal Investments
Topic: Am I retirement ready?
Replies: 56
Views: 5766

Re: Am I retirement ready?

Now I'm struggling with how much notice to give at my level. 30 days seems much too short and I want to leave on good terms. When I left my senior management position, I wanted to leave on great terms. I went to the CEO, explained to him I was leaving (and why), and just asked him how long he wante...
by bligh
Sat Feb 09, 2019 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24655

Re: Cost of college and 529

And, you could achieve the same goal with the kid's Roth IRAs. I am contributing to my kid's Roth IRAs. And, they have their own savings and investment. Both of my kids will be graduated with 20K to 30K of investment in their taxable account and Roth IRAs. If I am in the position to do so, I fully ...
by bligh
Sat Feb 09, 2019 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Have $3m at 33, "approach to career" advice needed
Replies: 116
Views: 20659

Re: Have $3m at 33, "approach to career" advice needed

OP here - I took the excellent advice by one poster here of going around telling anyone I knew I wasn't looking for a job and seeing what happened. I was offered a job pretty quickly and took it. Job pays about 165k with a strong potential for bonus plus some decent perks and comes with full benefi...
by bligh
Sat Feb 09, 2019 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24655

Re: Cost of college and 529

Our kids, with their aptitude and stats, and with our income and assets, are facing two possible starkly opposite choices: a near-free degree from a middling state flagship, or near-full sticker at an elite institution (possibly with financial middle ground somewhere halfway due to merit). So we co...
by bligh
Fri Feb 08, 2019 11:59 am
Forum: Personal Investments
Topic: Opinion on VTWAX [Vanguard Total World Stock]
Replies: 85
Views: 5253

Re: Opinion on VTWAX [Vanguard Total World Stock]

snailderby wrote:
Fri Feb 08, 2019 11:55 am
Is this turning into another "how much international" thread?

*gets a bag of popcorn*

:D
Yup.
by bligh
Fri Feb 08, 2019 11:26 am
Forum: Investing - Theory, News & General
Topic: Floating Net Worth w/ VT after 5 Years
Replies: 57
Views: 9653

Re: Floating Net Worth w/ VT after 5 Years

Btw, is there a VT equivalent by one of the other fund providers? ie. Does fidelity/blackrock/schwab have something similar? There is iShares MSCI ACWI ETF https://www.ishares.com/us/products/239600/ishares-msci-acwi-etf . I think ACWI stands for all country world index. Cost is 31 bp; Number of Ho...
by bligh
Thu Feb 07, 2019 12:09 pm
Forum: Investing - Theory, News & General
Topic: Floating Net Worth w/ VT after 5 Years
Replies: 57
Views: 9653

Re: Floating Net Worth w/ VT after 5 Years

I wish Vanguard would open up an Admiral Shares class for Total World. That would make getting 100% on board an easier decision. Does anyone know why total world has less stocks than if you combine total us and total international? This, and the expense ratio difference is why I'm not actually in V...
by bligh
Wed Feb 06, 2019 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24655

Re: Cost of college and 529

The bottom line is that the 529 is really the only tax advantaged vehicle to save for college if a family wants to save for college. And while "cash flowing" college sounds easy here, there are few families that truly can, hence is why so many students graduate with large amounts of debt. Agreed. I...
by bligh
Wed Feb 06, 2019 12:33 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market yield over 2.5%
Replies: 146
Views: 21751

Re: Vanguard Prime Money Market yield over 2.5%

BL wrote:
Fri Feb 01, 2019 9:53 pm
I see the PenFed 1-yr certificate has dropped from 2.80 to 2.60 APY yield, so perhaps that is a sign of the times. 15-month is 2.70%.
Marcus still has 12 month CDs for 2.75% APY. I haven't pulled the trigger on those but it is on my radar.
by bligh
Tue Feb 05, 2019 6:35 pm
Forum: Personal Investments
Topic: Retirement Planning when you have more than required
Replies: 11
Views: 1234

Re: Retirement Planning when you have more than required

- Mid 7 digits in liquid assets .... - leaves around 35k that would have to be covered from my investments (this sum would increase over time since the annuity does not adjust with inflation) .... How would you approach such a case? Assuming mid 7 digits equals a conservative $4 mil and you need to...
by bligh
Tue Feb 05, 2019 11:58 am
Forum: Personal Finance (Not Investing)
Topic: What does financial peace look like to YOU?
Replies: 64
Views: 5623

Re: What does financial peace look like to YOU?

What does Financial Peace look like to YOU? Thanks for your feedback, in advance! Financial Peace to me would be the same as what I consider "Lean" Financial Independence. This is the point at which my portfolio is 30X my "basic" annual expenses. This is my cost of living without the many discretio...
by bligh
Tue Feb 05, 2019 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24655

Re: Cost of college and 529

I am convinced that there are very few subjects that roil Bogleheads more than a discussion of how and if to pay for college for their children or the decision on where their kids should go to college. You could start a thread on paying for colleges using the dividends from your investments. For ex...
by bligh
Mon Feb 04, 2019 12:50 pm
Forum: Personal Investments
Topic: Accumulating to Spending Stage
Replies: 23
Views: 1860

Re: Accumulating to Spending Stage

I reviewed my expenses and gathered my financial assets and liabilities which then helped me to conservatively estimate that my annual pretax expenditure in retirement ($60k) is 3% of my investment portfolio ($2M). From what I can tell, that should be sufficient. You're gonna be fine. That is a com...
by bligh
Fri Feb 01, 2019 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you need to live on 200k/ year forever?
Replies: 90
Views: 12279

Re: How much do you need to live on 200k/ year forever?

How much do you need in investments to live on 200k/ year forever? Somewhere between 5 million and 8 million oughta do it. The higher the safer. Around 6 million you would start to hit diminishing returns on increased safety. In other words, if I was you I'd feel comfortable pulling an inflation ad...
by bligh
Fri Feb 01, 2019 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24655

Re: Cost of college and 529

Given the very wide variance here, how are others planning, especially when your home state has limited choices for quality higher education? In my case I have contributed enough to get the 529 balance to be able to immediately pay tuition for all four years for the in-state flagship university. Ea...
by bligh
Fri Feb 01, 2019 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24655

Re: Cost of college and 529

But at some point you will need to move college money into bonds/cash equivalents. Those will generate interest taxed at ordinary income rates if held in a taxable account. delamer, 1) I have one portfolio. I do not separate college funding from my one portfolio. 2) Even if a separate college portf...
by bligh
Fri Feb 01, 2019 12:13 pm
Forum: Personal Investments
Topic: We won the game, went to 50/50, but it just doesn't feel right
Replies: 108
Views: 11470

Re: We won the game, went to 50/50, but it just doesn't feel right

My wife and I looked at our accounts last year and decided to go for a conservative 50/50 mix. I wanted 60/40 and she wanted 40/60 so we met in the middle. We don't have any reason to grow our assets anymore then a 50/50 mix would. We made the AA change around the middle of 2018. But somehow it jus...
by bligh
Wed Jan 30, 2019 11:42 am
Forum: Personal Consumer Issues
Topic: Please share some lifestyle creep you regret.
Replies: 130
Views: 10702

Re: Please share some lifestyle creep you regret.

Eating out at pricey restaurants. I find I enjoy medium price restaurants just as much, especially if they are Asian. I have cut back tremendously on fine dining, and wish I had done so sooner. Buying lots of expensive clothes. What a huge waste of money. Must have been thrown out. They were a wast...
by bligh
Tue Jan 29, 2019 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 162
Views: 21535

Re: Millionaire by 40 and How you Did it?

I noticed quite a few responses here include "we" implying there may be more than one income. I am single, no kids and hit the $1M net worth mark last year at 46. So while I don't fit your under 40 age, I also have only had one income. If I had a spouse with an income even half that of mine, we wou...
by bligh
Mon Jan 28, 2019 11:42 am
Forum: Investing - Theory, News & General
Topic: Emergency Fund
Replies: 24
Views: 2296

Re: Emergency Fund

1. For someone starting out, is it sub optimal to include Roth IRA holdings in this calculation? 2. Would the existence, or lack thereof, having "Long term disability" through work, change this figure in any way?* explanation below 3. Is geographic location of these funds a matter of personal prefe...
by bligh
Mon Jan 28, 2019 11:24 am
Forum: Personal Investments
Topic: 529 accounts - superfund logistics
Replies: 6
Views: 504

Re: 529 accounts - superfund logistics

If I am not mistaken, the current gift tax exclusion is $15K per individual per year. So between your wife and yourself, you should be able to give $30K ($15K from you and $15K from your wife) / PER child . Since you have two kids with separate 529 plans, you should be able to give up to $60K / year...
by bligh
Sun Jan 27, 2019 8:03 pm
Forum: Personal Investments
Topic: Investment experts predict that US equity will return -4.1% to 2.6% over the next decade. Time to get out of US equity?
Replies: 75
Views: 8024

Re: Investment experts predict that US equity will return -4.1% to 2.6% over the next decade. Time to get out of US equi

This article makes a very strong case that US equity returns will be abysmal - between -4.1% to 2.6% - over the next decade: Surprisingly, there are several recognized methods for projecting the S&P 500’s return in the next 7 to 15 years, and they’re pretty good. [...] Shiller’s P/E10 predicts a 2....
by bligh
Fri Jan 25, 2019 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Implementing a wealth tax
Replies: 64
Views: 3200

Re: Implementing a wealth tax

I appreciate Hallman's post as it was informative and refreshing, in stark contrast to many of the kinds of posts you would see on this topic. The immediate ire a wealth tax draws is not deserved, imo. anyway, in piketty's capital in the 21st century , iirc, he goes into detail about the mechanisms...
by bligh
Fri Jan 25, 2019 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Implementing a wealth tax
Replies: 64
Views: 3200

Re: Implementing a wealth tax

Regardless of its merit I was wondering how a wealth tax is implemented. I believe several countries have some form of wealth tax (e.g., Spain). But I don’t understand how valuation works. If I have a valuable painting, who knows I have it or what it’s worth? Certainly the value is debatable. Or if...
by bligh
Fri Jan 25, 2019 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Implementing a wealth tax
Replies: 64
Views: 3200

Re: Implementing a wealth tax

Isn’t inheritance tax a form of “wealth tax”. I used to think that way too but if you can also see it as a "Windfall" tax. The thinking goes something like this: 1) Bob worked hard all his life and amassed $20 million. But now, after living a long fruitful life, Bob is dead, may he rest in peace. H...
by bligh
Thu Jan 24, 2019 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: Safe to consider early retirement at 42 vs benefit of sticking it out?
Replies: 75
Views: 6122

Re: Safe to consider early retirement at 42 vs benefit of sticking it out?

My employer was recently purchased and with the transition I am hating my new position. There have already been multiple changes which have me reconsidering sticking around, but I am also weighing sticking around just to put more away. My original plan was to work till say 55 and then see what I wa...
by bligh
Thu Jan 24, 2019 1:29 pm
Forum: Personal Consumer Issues
Topic: Thoughts on the "last" car before electric vehicle
Replies: 52
Views: 4416

Re: Thoughts on the "last" car before electric vehicle

Assume the following: Would you buy a new vehicle, based solely on the fact that the warranty will be longer? Would you buy gently used to save $10k or more? Would you buy a high mileage vehicle for $5k-8k and assume you will use the money you hadn't spent on occasional repairs. Wagons under consid...
by bligh
Tue Jan 22, 2019 12:56 pm
Forum: Investing - Theory, News & General
Topic: Fake Passive Investors
Replies: 51
Views: 2880

Re: Fake Passive Investors

Is that an indictment? Are you going somewhere with this? Most certainly, the forum has been pervaded by the idea that simply following a systematic approach with/ or without an index merits the label of passive investing. Here's the progression: Changing the AA % (Bonds/Stocks) has become accepted...
by bligh
Sun Jan 20, 2019 2:20 pm
Forum: Personal Investments
Topic: Am I On the Right Track?
Replies: 8
Views: 898

Re: Am I On the Right Track?

Hello! I am 31, my spouse is about the same age. We have two children under 5. We’re doing a decent job of budgeting, no debt other than a mortgage. A few main questions regarding portfolio and retirement savings: 1. How would you prioritize future account allocations? Do I need to be maxing out my...
by bligh
Sat Jan 19, 2019 9:53 pm
Forum: Personal Consumer Issues
Topic: Is California worth the premium?
Replies: 89
Views: 5235

Re: Is California worth the premium?

It's a personal preference. For me living in a place with sunshine that's not too hot or too cold at least 330 days of the year, is not humid, and does not have biting bugs, hurricanes/tornados, or ice storms has a lot of value. Yes, but it does have some frisky earthquakes. I rode out a number of ...
by bligh
Sat Jan 19, 2019 11:57 am
Forum: Personal Consumer Issues
Topic: Sicily over Italian cities?
Replies: 49
Views: 3287

Re: Sicily over Italian cities?

Haven't been to Sicily myself, but one of our tour guides in Rome recommended it very highly. She mentioned that it is less overrun by tourists and has so much history and beauty. So now it is on our list of places to visit at some point. Rome has an incredible amount to see, but we went in the summ...
by bligh
Fri Jan 18, 2019 6:58 pm
Forum: Personal Consumer Issues
Topic: Strategies to combat or justify lifestyle creep
Replies: 91
Views: 7220

Re: Strategies to combat or justify lifestyle creep

Dude just buy the Tesla. Money is for buying stuff. Either now or later. Which one you pick is totally up to you. Just be mindful that the one thing you can’t buy is more time on this earth. I don’t know about buying a Tesla. CEO indicates there are problems. However some creep should be fine. Mone...
by bligh
Fri Jan 18, 2019 5:02 pm
Forum: Personal Consumer Issues
Topic: Strategies to combat or justify lifestyle creep
Replies: 91
Views: 7220

Re: Strategies to combat or justify lifestyle creep

Dude just buy the Tesla. Money is for buying stuff. Either now or later. Which one you pick is totally up to you. Just be mindful that the one thing you can’t buy is more time on this earth. I don’t know about buying a Tesla. CEO indicates there are problems. However some creep should be fine. Mone...
by bligh
Fri Jan 18, 2019 4:01 pm
Forum: Personal Consumer Issues
Topic: Strategies to combat or justify lifestyle creep
Replies: 91
Views: 7220

Re: Strategies to combat or justify lifestyle creep

Dude just buy the Tesla. Money is for buying stuff. Either now or later. Which one you pick is totally up to you. Just be mindful that the one thing you can’t buy is more time on this earth. While you can't buy more time, you can use the money to add quality to your time, AKA retiring earlier from ...
by bligh
Fri Jan 18, 2019 1:22 pm
Forum: Personal Consumer Issues
Topic: Strategies to combat or justify lifestyle creep
Replies: 91
Views: 7220

Re: Strategies to combat or justify lifestyle creep

I'd rather own a $20k car, and spend $30k on 300-600 little $50-$100 luxuries than spend $50k on a car. Or own a $20k car, and spend $30k on a boat and jetski. Or own a $20k car, and spend $30k on 3 totally awesome vacations. But that's just me. I'm not a car person. Everyone has to decide how to s...
by bligh
Fri Jan 18, 2019 1:16 pm
Forum: Personal Consumer Issues
Topic: Strategies to combat or justify lifestyle creep
Replies: 91
Views: 7220

Re: Strategies to combat or justify lifestyle creep

I forget where I read it (probably bogleheads?) but "All you can do with money is spend it or give it to someone else to spend" stuck with me and made me loosen the purse-strings a bit. What car did you get? I love this resolution :beer But very curious to find out what you bought! The wife is the ...
by bligh
Thu Jan 17, 2019 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a house in the Bay area or give up?
Replies: 94
Views: 7346

Re: Should I buy a house in the Bay area or give up?

Why do you want to buy a house? I'm scared that house prices in the Bay area will keep rising and be out of my reach forever. So my thought is lock in a house now or in the near future to avoid being priced out forever If you are making more, and saving more, than say 90% of the people in the Bay A...
by bligh
Thu Jan 17, 2019 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a house in the Bay area or give up?
Replies: 94
Views: 7346

Re: Should I buy a house in the Bay area or give up?

Why do you want to buy a house? I'm scared that house prices in the Bay area will keep rising and be out of my reach forever. So my thought is lock in a house now or in the near future to avoid being priced out forever If you are making more, and saving more, than say 90% of the people in the Bay A...
by bligh
Thu Jan 17, 2019 4:20 pm
Forum: Personal Consumer Issues
Topic: Strategies to combat or justify lifestyle creep
Replies: 91
Views: 7220

Re: Strategies to combat or justify lifestyle creep

Hi All. OP Here, I just wanted to update you on how it went down in the end for us. First of all, thank you so much for your advice, input and comments. So in the end, I realized that what had happened was that we were no longer happy with our simple "sensible" car. I was not prepared to spend $50K ...
by bligh
Thu Jan 17, 2019 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a house in the Bay area or give up?
Replies: 94
Views: 7346

Re: Should I buy a house in the Bay area or give up?

I wouldn't say you should "give up" but rather, if it is important to you, you should save towards it as a goal. At 30 you are still young. Nothing prevents you from buying a house 10 years from now? Or perhaps changing your mind. At your current income and financial position, yes, you shouldn't buy...
by bligh
Thu Jan 17, 2019 12:06 pm
Forum: Personal Consumer Issues
Topic: Anyone with experience with Carmax?
Replies: 74
Views: 23949

Re: Anyone with experience with Carmax?

Another +1 for CarMax. Have bought cars from them and sold cars to them. Always had an excellent experience. I love the no haggle approach. What you see is what you get. I have also purchased a luxury used car ($40K+). Driven it home (~50 miles away), had buyers remorse, and returned it to Carmax th...
by bligh
Wed Jan 16, 2019 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Have I Now Become Out of Touch Financially? Aging question...
Replies: 90
Views: 11312

Re: Have I Now Become Out of Touch Financially? Aging question...

As a fellow SoCal resident, I agree with the consensus on this thread. It is this area that is out of touch. I see so many Tesla Model S and Xs everywhere I look. I could swear that it was rare to see 80-$100k+ vehicles. Enough that I would actually notice the vehicle. Now they are so plentiful I've...
by bligh
Wed Jan 16, 2019 5:28 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 49209

Re: John Bogle is dead at 89

Rest in Peace Mr. Bogle. My sincere condolences to his Family.
by bligh
Wed Jan 16, 2019 2:33 pm
Forum: Personal Consumer Issues
Topic: Any good reason to get a smartwatch?
Replies: 93
Views: 4004

Re: Any good reason to get a smartwatch?

I have the same opinion about the various Echo devices. I haven't got them and dont feel the need to do so. However, they have their utility if you are into home automation. You can tie the Echo device to various functions like setting the thermostat, turning lights out etc. This can end up being pr...
by bligh
Tue Jan 15, 2019 11:14 pm
Forum: Personal Consumer Issues
Topic: Are You Dumping Netflix?
Replies: 177
Views: 11391

Re: Are You Dumping Netflix?

Keeping Netflix, but dropping Amazon prime instead. The content on Netflix is just so much better than what is available on amazon prime video.
by bligh
Sun Jan 13, 2019 12:56 am
Forum: Personal Consumer Issues
Topic: MMORPG games
Replies: 61
Views: 4924

Re: MMORPG games

Given that this is the Bogleheads forum, I'm really surprised that the thread isn't full of EVE Online players! I used to play Eve more or less around the clock. Mining space rocks and building spaceships (and lots of guns and ammo!) was my thing. Can I have your stuff? 😂 Good to see another EVE On...
by bligh
Sun Jan 06, 2019 6:47 pm
Forum: Personal Consumer Issues
Topic: Strategies to combat or justify lifestyle creep
Replies: 91
Views: 7220

Re: Strategies to combat or justify lifestyle creep

Anyway, it isn't just about the specific car. I am trying to wrap my brain around any similar large purchase where your heart REALLY wants to spend the money while your brain REALLY wants to keep and invest it. Thing is, outside of upgrading a home or car, what "splurge" is going to cost you $50k ?...