Search found 1251 matches

by bligh
Tue May 19, 2020 10:24 am
Forum: Personal Investments
Topic: Best place to hold 100k emergency fund?
Replies: 25
Views: 2332

Re: Best place to hold 100k emergency fund?

Hello I need recommendations on where to hold EF? Up to this point I’ve held in a large bank earning next to nothing Thanks The default option for EF should begin with a CD Ladder or High yield Savings Account. After establishing that baseline, you can think about tailoring it to your needs. If you...
by bligh
Mon May 18, 2020 1:18 pm
Forum: Investing - Theory, News & General
Topic: Social Security is an asset....yet again
Replies: 129
Views: 5703

Re: Social Security is an asset....yet again

I guess it comes down to ones definition of "asset". I for one am squarely in your camp OP. SS is not an asset but rather a potential income stream during retirement. Also for most bogleheads looking to retire 20+ years from now, it is best to look at it as a bonus or part of your discretionary expe...
by bligh
Thu May 14, 2020 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Secretly Retired - Family doesn't know
Replies: 27
Views: 2914

Re: Secretly Retired - Family doesn't know

Only you know your own family and social circle. If your instinct says to keep this information from them, then go ahead and do so. It really isn't anyone else's business. If asked, I would pick any of the many options suggested above. I'm freelance consulting, I'm in between jobs, I'm contemplating...
by bligh
Thu May 07, 2020 7:11 pm
Forum: Investing - Theory, News & General
Topic: "The economy is in free fall. So why isn't the stock market?"
Replies: 153
Views: 15557

Re: "The economy is in free fall. So why isn't the stock market?"

Three reasons for the disconnect: 1. The market (which is forward looking) is overly optimistic about how quickly things will return to normal. 2. The Fed has effectively de-risked equities with its flooding of $. 3. There is no alternative. +1 This is basically my guess too. The fact is, I am tryi...
by bligh
Wed May 06, 2020 1:50 pm
Forum: Personal Consumer Issues
Topic: 2020 travel plans
Replies: 95
Views: 4421

Re: 2020 travel plans

All my travel plans (other than a walk around the block) are indefinitely postponed. The level of complacency I’m seeing around here is mindBogling. It’s like we’re asking for a second wave. What is the alternative? Never go out again? What about if there will be no vaccine? How about the virus com...
by bligh
Wed May 06, 2020 1:27 pm
Forum: Personal Consumer Issues
Topic: 2020 travel plans
Replies: 95
Views: 4421

Re: 2020 travel plans

All my travel plans (other than a walk around the block) are indefinitely postponed. The level of complacency I’m seeing around here is mindBogling. It’s like we’re asking for a second wave. What is the alternative? Never go out again? What about if there will be no vaccine? How about the virus com...
by bligh
Wed May 06, 2020 12:39 pm
Forum: Personal Consumer Issues
Topic: 2020 travel plans
Replies: 95
Views: 4421

Re: 2020 travel plans

We have a trip to Japan planned for first half of July. Haven't pulled the trigger on the cancellations yet, but will most likely be canceling soon. I had given myself until mid may to make a final decision on how to proceed. It doesn't look like things will be sorted out by July, and as of right no...
by bligh
Sat Apr 25, 2020 4:19 pm
Forum: Personal Investments
Topic: May have to spend ENTIRE taxable account. Sell all stocks?
Replies: 20
Views: 3311

Re: May have to spend ENTIRE taxable account. Sell all stocks?

I was in your situation earlier on. When the market was cratering, a few weeks ago, I watched my retirement portfolio fall in value,(I have a high percentage in stocks) without really being bothered by it. If the market didn't tank too much (or recovered quickly), that was fine, my portfolio's value...
by bligh
Wed Apr 22, 2020 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Time to change jobs?
Replies: 5
Views: 952

Re: Time to change jobs?

Should I hang in there, use my days off to take training to modernize my skills to be more marketable or should I look for a new job now ? Yes. .... If I were you, I'd take this time to brush up my skills, work on a side hustle, etc. You are probably going to have a hard time finding a new job in t...
by bligh
Tue Apr 21, 2020 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford a home in this range?
Replies: 31
Views: 2742

Re: Can I afford a home in this range?

I would not buy a 1.3 m house if I was ~$385K in debt. Buying a house is a lifestyle upgrade. I would rent Small.. live frugally, pay off the debt, build a nice emergency fund (which you appear to have already done), and a decent sized downpayment (which you appear to have already done). I would not...
by bligh
Sun Apr 19, 2020 11:44 am
Forum: Personal Consumer Issues
Topic: Space X satellites in the sky
Replies: 16
Views: 1576

Re: Space X satellites in the sky

I am strongly pro SpaceX and want them to continue with starlink, however the visibility of these satellites worries me. I totally see the thrill and novelty of seeing them in the sky right now, but worry how about how they will feel once the novelty wears of and there are literally thousands of the...
by bligh
Sat Apr 18, 2020 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Defining “living expenses” for emergency fund purposes
Replies: 24
Views: 1083

Re: Defining “living expenses” for emergency fund purposes

My cash reserves are measured in terms of my current annual expenses. So that includes discretionary and non discretionary expenses (but not monthly savings).

The fact that I would almost certainly pull back on non discretionary expenses, provides an added safety margin.
by bligh
Fri Apr 17, 2020 11:35 am
Forum: Personal Investments
Topic: Marcus or Ally
Replies: 137
Views: 14359

Re: Marcus or Ally

I have had Marcus for a while now (no Ally) and have had no issues with them. I used them as my "Savings Hub". Clean simple website and app. Easy and fast transfers. Competitive interest rate. I would expect Ally to be equivalent to Marcus. Ally allows you to have a checking account alongside the sa...
by bligh
Thu Apr 16, 2020 2:30 pm
Forum: Personal Consumer Issues
Topic: T-Mobile Connect - $15/mo 2GB
Replies: 27
Views: 2549

Re: T-Mobile Connect - $15/mo 2GB

Mint Mobile $15 a month for 3gb and unlimited call/text $20 a month for 8gb and unlimited call/text Mint Mobile uses the same network as T Mobile so there's that. Thanks for that tip! Did not know about Mint Mobile. Wow. Sounds like I should be able to save a ton of money! How much do the additiona...
by bligh
Thu Apr 16, 2020 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Any One-More-Year FIRE people sticking to their plan?
Replies: 72
Views: 8305

Re: Any One-More-Year FIRE people sticking to their plan?

So far I have had no desire to pursue any other internal opportunities and will glide to the end! Sounds to me like you have a great plan and you'll be fine. It makes sense to stay at least through to the end of the year, or until they lay you off so you can collect that severance and unemployment....
by bligh
Wed Apr 15, 2020 5:02 pm
Forum: Personal Consumer Issues
Topic: Please share some lifestyle creep you regret.
Replies: 183
Views: 19654

Re: Please share some lifestyle creep you regret.

Luxury Car . Bought an X5. Regretted it when I got home and saw how much Gas it had used on the trip home from the showroom (showroom was about 40-50 miles away from my place). Luckily it was from Carmax, so returned it the very next day, so only ended up losing money on the gas. :D Designer Clothe...
by bligh
Wed Apr 15, 2020 12:46 pm
Forum: Investing - Theory, News & General
Topic: My theory about FIRE
Replies: 419
Views: 30574

Re: My theory about FIRE

Snuffycuts99 wrote:
Wed Apr 15, 2020 12:41 pm
supersecretname wrote:
Tue Apr 14, 2020 9:40 pm
Thread cliff-notes: People can't possibly imagine how someone chooses to lead a different life than they do.
Lol...great comment. This is a very interesting thread, but you managed to sum it up quite well.
+1 .. that sums it up perfectly.
by bligh
Mon Apr 13, 2020 1:21 pm
Forum: Personal Investments
Topic: My 401k Still Worth Contributing to?
Replies: 12
Views: 1049

Re: My 401k Still Worth Contributing to?

Unless I thought I'd be working at this company for the rest of my life, or at least 10+ years... I would continue to contribute as much as I could to the 401K despite the high expense ratio and no company match. I would count the high fees as just a cost of working at my current job . As soon as I ...
by bligh
Sun Apr 12, 2020 11:32 pm
Forum: Investing - Theory, News & General
Topic: What's behind huge layoffs at unicorns?
Replies: 81
Views: 7751

Re: What's behind huge layoffs at unicorns?

In many cases management can feel that with an approaching storm, it is important to cut early and cut deep, to preserve cash. If a company is burning through cash, they have to be careful about not needing a new round of funding during an economic downturn. A down round is pretty much considered a ...
by bligh
Fri Apr 10, 2020 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Would you quit your job without another job now?
Replies: 34
Views: 2571

Re: Would you quit your job without another job now?

I would weigh it against my overall financial situation. If I could survive on either spouse's paycheck, and/or I had a nice deep emergency fund, large portfolio and low fixed annual expenses, I would be much more likely to quit the job even in with the current situation. Otherwise, if I had high fi...
by bligh
Thu Apr 09, 2020 12:28 pm
Forum: Investing - Theory, News & General
Topic: Impact of newest Fed 2.3 Trillion on corporate bonds
Replies: 56
Views: 3703

Re: Impact of newest Fed 2.3 Trillion on corporate bonds

hoops777 wrote:
Thu Apr 09, 2020 12:18 pm
Wow. I was hoping more for the funds should go up in value for awhile, not the end of civilization :D
I, like most, am a long term investor. Yes this is great for valuations in the short term. But what Forestor is pointing out is the risk it poses to longer term returns.
by bligh
Thu Apr 09, 2020 12:03 pm
Forum: Investing - Theory, News & General
Topic: Impact of newest Fed 2.3 Trillion on corporate bonds
Replies: 56
Views: 3703

Re: Impact of newest Fed 2.3 Trillion on corporate bonds

The USA will get Japanified like Europe and... Japan. There will be less creative destruction and more ossification of bad practices & management. Stocks will be viewed as long-term inflation protected savings, with real term growth over decades seen as a bonus but not guaranteed. The notion that s...
by bligh
Wed Apr 08, 2020 12:29 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 717
Views: 103703

Re: Year 2000 retirees using the '4% rule' - Where are they now?

Yes, it's doubtful that anyone would have rigidly stuck with the withdrawal scheme throughout this period, especially during 2008-2009. Reducing withdrawals would have resulted in the retirees in all likelihood having over $1 million nominal today. And retirees who were concerned about outliving th...
by bligh
Wed Apr 08, 2020 11:46 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 5720
Views: 488271

Re: U.S. stocks continue to soar!

Just a couple of weeks ago we had so many forum members posting how holding the course was foolish when heading for an iceberg, and how this time was different, and how it was silly to hold stocks in this environment when you knew you could buy back in for less... I'm sure at least a few of them are...
by bligh
Tue Apr 07, 2020 4:12 pm
Forum: Personal Consumer Issues
Topic: How do you maximize enjoyment after achieving FI?
Replies: 161
Views: 8469

Re: How do you maximize enjoyment after achieving FI?

We want to continue a high savings rate to maintain security but feel we have a little flexibility. Any suggestions? Is it just a bigger house and faster car? We do not want to FIRE or just give all of the money away. We find no value in just saving 80%+ every year but also don't know how much happ...
by bligh
Tue Apr 07, 2020 12:47 pm
Forum: Personal Investments
Topic: Guys I Rebalanced (Moved Monies Out Of S&P 500)
Replies: 301
Views: 17814

Re: Guys I Rebalanced (Moved Monies Out Of S&P 500)

Just had to come bump my thread here. Man, who can possibly predict the stock market? Maybe Warren Buffett and that's it lol? Who would have predicted we would be back at 2600 level on the S&P 500 this fast? So glad that I came to my senses early in my investing career. Remember, I only moved out l...
by bligh
Tue Apr 07, 2020 11:33 am
Forum: Investing - Theory, News & General
Topic: Sequence of returns risk while accumulating
Replies: 147
Views: 11550

Re: Sequence of returns risk while accumulating

So what your saving is an expensive house was a smart decision for these people. Instead of spending money on things with no value, they were "saving" it by paying off the mortgage. If you drop these peoples housing payments from 4k to 2k, the added money isn't going to end up in a 401(k). It is ge...
by bligh
Tue Apr 07, 2020 10:46 am
Forum: Personal Consumer Issues
Topic: Best home printer/scanner?
Replies: 38
Views: 2405

Re: Best home printer/scanner?

I had a Canon ImageClass MF Multifunction (Laser printer, copier, scanner) printer for 8 years before it died on me a few weeks ago. Light use. I was quite happy with it. I did some research a few weeks back before buying a newer version of the same Canon ImageClass MF Multifunction printer and it w...
by bligh
Thu Apr 02, 2020 8:08 pm
Forum: Investing - Theory, News & General
Topic: "They All Retired Before They Hit 40. Then This Happened."
Replies: 49
Views: 5427

Re: "They All Retired Before They Hit 40. Then This Happened."

Like with anything, there will be some who will suffer and others who will sail through without any issues. The internet retirement police will point at those that are suffering and say "See! We told you so!" ..You are looking at the weakest of the bunch and judging the entire movement based off of ...
by bligh
Thu Apr 02, 2020 1:52 pm
Forum: Investing - Theory, News & General
Topic: 6.65 million new unemployment [April 2]
Replies: 35
Views: 3508

Re: 6.65 million new unemployment [April 2]

Taiwan and South Korea are both democracies and seem comparable enough. China is obviously another story. Both of those countries also have socialized health care. The fragmented, privatized US Healthcare system isn't really setup for something like this. It is also a contradiction in how people ar...
by bligh
Thu Apr 02, 2020 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Are your personal expenses down during stay home and shelter?
Replies: 167
Views: 9241

Re: Are your personal expenses down during stay home and shelter?

Way down. Our fixed expenses are the same (and intentionally kept very low) but, Kids extra curricular activities are gone. Gym membership gone. No longer eating out at all (we used to eat out a few times a week)..instead, just getting one or two take out meals a week. We never had much in gas and c...
by bligh
Thu Apr 02, 2020 12:55 pm
Forum: Investing - Theory, News & General
Topic: Is the coming pain really "priced in"?
Replies: 201
Views: 18956

Re: Is the coming pain really "priced in"?

The market tanked as soon as the unemployment report came out. That's proof nothing is priced in. Futures fell from 1-2% up to even, the market opened even and now has risen to about 2% up. I’d say that’s a pretty good indication a 6 million unemployment number was priced in. It's back up due to oi...
by bligh
Wed Apr 01, 2020 10:01 pm
Forum: Personal Investments
Topic: Anyone here depressed just looking at their portfolio?
Replies: 122
Views: 7343

Re: Anyone here depressed just looking at their portfolio?

I admit it, I am a bit depressed about it. I am down several hundred K at this point. It hurts. The thing that worries me more is the impact to my work and income in the coming months. If my income holds steady during this bear market I will come out the other side better than ever... but I worry th...
by bligh
Wed Apr 01, 2020 4:51 pm
Forum: Investing - Theory, News & General
Topic: Is the coming pain really "priced in"?
Replies: 201
Views: 18956

Re: Is the coming pain really "priced in"?

The "pain" is priced in... it's the coming V recovery that's not priced in :D :mrgreen: :greedy I think those who are anticipating a V shaped recovery are being too optimistic in my opinion. It is possible, but highly unlikely. Once the virus is no longer a major health concern, we are likely to se...
by bligh
Tue Mar 31, 2020 2:15 pm
Forum: Investing - Theory, News & General
Topic: Help me understand this market--or How can S&P be 2600 today?
Replies: 109
Views: 9396

Re: Help me understand this market--or How can S&P be 2600 today?

There can be too much of a good thing though. Just like when you take some medicine, if you take a pill or two it makes you better, but if you down the whole bottle, you end up dead. There is no doubt a risk of some negative impact of this recent government intervention, but faced with the economic...
by bligh
Tue Mar 31, 2020 11:18 am
Forum: Investing - Theory, News & General
Topic: Help me understand this market--or How can S&P be 2600 today?
Replies: 109
Views: 9396

Re: Help me understand this market--or How can S&P be 2600 today?

Plus, there's the expectation of more to come if needed, including the possibility of the Fed buying stocks like the central bank does in Japan. The interesting thing to me is that no one (including the market) seems to be worried about the consequences of all this borrowing or money printing. If i...
by bligh
Mon Mar 30, 2020 5:03 pm
Forum: Personal Consumer Issues
Topic: Is the coronavirus stay-at-home experience a preview of retirement life?
Replies: 61
Views: 4193

Re: Is the coronavirus stay-at-home experience a preview of retirement life?

Preview of thin FIRE? I was wondering this. If this could be what leanFIRE looks like, but I doubt that. Even with extra-leanFIRE, there are tons of free outdoor activities that would be available to you. Camping, hiking, libraries, beaches, malls, parks, outdoor markets and free city events, volun...
by bligh
Mon Mar 30, 2020 4:49 pm
Forum: Personal Consumer Issues
Topic: Is the coronavirus stay-at-home experience a preview of retirement life?
Replies: 61
Views: 4193

Re: Is the coronavirus stay-at-home experience a preview of retirement life?

Preview of thin FIRE? I was wondering this. If this could be what leanFIRE looks like, but I doubt that. Even with extra-leanFIRE, there are tons of free outdoor activities that would be available to you. Camping, hiking, libraries, beaches, malls, parks, outdoor markets and free city events, volun...
by bligh
Mon Mar 30, 2020 2:08 pm
Forum: Personal Consumer Issues
Topic: Is the coronavirus stay-at-home experience a preview of retirement life?
Replies: 61
Views: 4193

Re: Is the coronavirus stay-at-home experience a preview of retirement life?

I could be if you choose for it to.

My plan certainly does not have me staying at home all day only to go out for grocery runs.
by bligh
Mon Mar 30, 2020 12:51 pm
Forum: Investing - Theory, News & General
Topic: Help me understand this market--or How can S&P be 2600 today?
Replies: 109
Views: 9396

Re: Help me understand this market--or How can S&P be 2600 today?

cnbc says "Johnson and Johnson leads the gains". why do you suppose that is? Could it be the other headline on cnbc: "Johnson & Johnson says human testing of its coronavirus vaccine to begin by September" isn't that good news? Isn't good news priced in to the market just as bad news is? if the test...
by bligh
Thu Mar 26, 2020 8:48 pm
Forum: Investing - Theory, News & General
Topic: Market will be at all time high by year-end
Replies: 121
Views: 11677

Re: Market will be at all time high by year-end

I think you are wrong, but I sure hope you're right.
by bligh
Thu Mar 26, 2020 4:24 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 5720
Views: 488271

Re: New Bull Market!

surfstar wrote:
Thu Mar 26, 2020 4:13 pm
In other news: USA is now #1 in COVID-19 cases.
I was hoping the US would lead the world in this time of crisis.... not like this though. :oops:
by bligh
Thu Mar 26, 2020 2:33 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18828
Views: 2631212

Re: U.S. stocks in free fall

No matter what strategy we use the virus will be dealt with. Some strategies will result in more deaths (particularly in the elderly) than others. The strategies that result in most deaths are also likely to be best for economy , hence why we see governments trying to avoid a long period of lockdow...
by bligh
Thu Mar 26, 2020 2:25 pm
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 63119

Re: So bottom is probably behind us....right?

ThereAreNoGurus wrote:
Thu Mar 26, 2020 1:56 pm
k1982 wrote:
Thu Mar 26, 2020 1:46 pm
dead cat bounce
Never seen a dead animal bounce that high. Looks like it has some lively legs. :D
The deader the cat, the higher it bounces.
by bligh
Wed Mar 25, 2020 5:11 pm
Forum: US Chapters
Topic: Livesoft reaches 70,000 posts!
Replies: 31
Views: 2687

Re: Livesoft reaches 70,000 posts!

OK, thanks. Now it's time to lock this thread before my head and ego explode. (OK, not really, keep 'em coming!) And congrats on your own 2800 posts! Congratulations livesoft! I have a question I have been meaning to ask you though. As a follower of your car buying rule - "the amount your portfolio...
by bligh
Wed Mar 25, 2020 2:12 pm
Forum: Investing - Theory, News & General
Topic: Negative Interest Rates and Holding Cash instead of bonds
Replies: 11
Views: 1517

Negative Interest Rates and Holding Cash instead of bonds

I was curious to see what everyone's thoughts were on the US Treasuries nominal interest rates starting to go negative. Negative rates come to the US: 1-month and 3-month Treasury bill yields are now below zero: https://www.cnbc.com/2020/03/25/negative-rates-come-to-the-us-1-month-and-3-month-treasu...
by bligh
Tue Mar 24, 2020 4:37 pm
Forum: Personal Investments
Topic: Selling 100% stocks on a bounce
Replies: 207
Views: 17102

Re: Selling 100% stocks on a bounce

This could be the bottom. I will be holding. I will not sell stocks near the bottom. Thanks for following up on the thread OP. Ignore the snarky comments. In my opinion, we haven't seen the bottom yet, and this was essentially a dead cat bounce. We are a long way from being out of the woods just ye...
by bligh
Tue Mar 24, 2020 11:51 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 5720
Views: 488271

Re: U.S. stocks continue to soar!

Stef wrote:
Tue Mar 24, 2020 11:46 am
Why are we seeing +9%?
https://en.wikipedia.org/wiki/Dead_cat_bounce