Search found 1050 matches

by bligh
Thu Aug 22, 2019 9:25 am
Forum: Personal Investments
Topic: $1M cash: how to invest
Replies: 39
Views: 2755

Re: $1M cash: how to invest

Trying to get some advice on how to invest a $1M cash inheritance? I don't need the funds in the short-term. My fee-only advisor is suggesting I invest it all lumpsum into index funds 70/30 allocation. I am a 37 y/o physician. Overall financial picture: $3.5M net worth including personal home. Only...
by bligh
Mon Aug 19, 2019 5:49 pm
Forum: Personal Investments
Topic: 529s: One for family vs. One per kid
Replies: 35
Views: 2367

Re: 529s: One for family vs. One per kid

If your kids get scholarships ... you could end up with more in the 529 than they use for their college and will get hit with taxes and penalties. If your kid gets a scholarship, you can withdraw the same amount from the 529 penalty free (that's my understanding anyway). https://www.kiplinger.com/a...
by bligh
Mon Aug 05, 2019 3:41 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 11758
Views: 2018168

Re: U.S. stocks in free fall

Wait, what? :confused I thought BH's are in for the long haul and aren't pre-occupied with the daily gyrations of the market? Am I missing something, or are there hypocrites among us? Unless you are seeing one of us post in one thread to buy and hold, whilst simultaneously posting about how we are ...
by bligh
Mon Aug 05, 2019 1:54 pm
Forum: Personal Investments
Topic: Buy During This Dip?
Replies: 99
Views: 12571

Re: Buy During This Dip?

Buy when you have money. In the long run, if you think stocks are going to have positive returns, the sooner you get in the better. The short term movements are just noise unless you are planning on selling for some reason.
by bligh
Mon Aug 05, 2019 1:19 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 11758
Views: 2018168

Re: U.S. stocks in free fall

I am seeing the silver lining in this... I just informed my wife that our budget for our next car just went _way_ up now thanks to the widely cited livesoft rule for how much we should spend on our car. :sharebeer I also have a feeling this is the beginning of the end of long bull market. ie. I thin...
by bligh
Thu Aug 01, 2019 11:57 am
Forum: Investing - Theory, News & General
Topic: Are You Rich?
Replies: 31
Views: 3265

Re: Are You Rich?

I guess it depends on how you define rich. In my humble opinion, high Income often gets confused with being Rich. High Income is just High Income. Once you have converted enough of that income to wealth, such that money is no longer a significant factor in what you choose to do with your time ... th...
by bligh
Thu Jul 25, 2019 11:47 am
Forum: Personal Investments
Topic: Laid Off - Want to Retire / Am I OK
Replies: 145
Views: 18480

Re: Laid Off - Want to Retire / Am I OK

I have been laid off from my job and want to retire. The layoff came as a surprise so I have not had time to think about planning for retirement. Here is my situation. Age: 51. Married. Two Daughters: 20 and 16. One Daughter currently in college the other in high school. Wife does not work. Investm...
by bligh
Wed Jul 17, 2019 4:14 pm
Forum: Personal Consumer Issues
Topic: Apple Watch Worth The $$$?
Replies: 41
Views: 3610

Re: Apple Watch Worth The $$$?

Dear Friends, Is the new Apple Watch (series 4) worth the money? They are currently on sale on Amazon ($50 off). Things I am looking for: -casual watch -heart rate monitor is a plus as I enjoy exercising (e.g. road biking) -would like to use my phone less Hesitant to buy: -price (on the high side) ...
by bligh
Mon Jul 08, 2019 8:28 am
Forum: Personal Consumer Issues
Topic: Is Grass-fed milk worth it?
Replies: 82
Views: 4274

Re: Is Grass-fed milk worth it?

I came across this line of reasoning before also. Other mammals also don't eat cooked food. So I personally didn't find that reasoning very useful. Other mammals don't use toilet paper ... Drink gin and tonic ... Have the right to vote. I could go on. Or wear clothes or shoes, or use air conditioni...
by bligh
Mon Jul 08, 2019 8:26 am
Forum: Personal Consumer Issues
Topic: Is Grass-fed milk worth it?
Replies: 82
Views: 4274

Re: Is Grass milk worth it?

I've only had cow's milk (plus human milk, in infancy) and vegan "milk". Wondering what alternative animal milk other people drink. Goat, horse, tiger, killer whale? I have had goat and camel milk. Goat milk smells of goat and is not as creamy as cow milk. I liked it. Camel milk tasted like what I ...
by bligh
Sun Jun 30, 2019 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Do you share your net worth with family members?
Replies: 252
Views: 21061

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

Thanks. Yeah, I really want to avoid family members using a sort of: 'sheesh, you can afford it! Don't be so greedy' type attitude with me. In my case, that isn’t something I am worried about. My siblings have done well for themselves as well, if anything I believe that in their estimation (if they...
by bligh
Sun Jun 30, 2019 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Do you share your net worth with family members?
Replies: 252
Views: 21061

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

In my case, I did share with my dad that my net worth was above a particular amount. However, there were no details in there and the conversation (In response to his asking) occurred long after I had actually crossed the milestone in question. So it was just a vague “Don’t worry dad, I am doing okay...
by bligh
Tue Jun 11, 2019 9:08 pm
Forum: Investing - Theory, News & General
Topic: Anyone buying Beyond Meat stock?
Replies: 35
Views: 2991

Re: Anyone buying Beyond Meat stock?

Had an impossible burger and it basically tasted like meat to me. By that I mean that if someone had not told me, I would have assumed it was meat. I by no means mean it tasted amazing, there is a huge variance in the quality of meat burgers one can get too. Not sure if it was how it was cooked or h...
by bligh
Mon Jun 03, 2019 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire at 56?
Replies: 34
Views: 6130

Re: Can I retire at 56?

I’m losing steam in my current career and ready to move on. I’m feeling the burnout from years of job related stress and long hours. Can I safely leave my stable/high income job? Or do I need to hang in there for 5-10 more years to play it safe? Provided your annual expenses including taxes and hea...
by bligh
Tue May 28, 2019 10:20 am
Forum: Personal Finance (Not Investing)
Topic: "Soft" question on student loans
Replies: 72
Views: 3162

Re: "Soft" question on student loans

In my case I plan to pay for my kids university because I can afford to do both. For the vast majority of Americans, especially the financially illiterate ones, they'll be lucky if they can do either one. And please don't focus on the specifics of the example. It's just an anecdote that represents ...
by bligh
Tue May 28, 2019 9:46 am
Forum: Personal Finance (Not Investing)
Topic: "Soft" question on student loans
Replies: 72
Views: 3162

Re: "Soft" question on student loans

In my case I plan to pay for my kids university because I can afford to do both. One difference between a car loan and mortgage vs student loans is that in my mind the other two are optional. At the very least the costs are far more under our control. A university degree is no guarantee of financial...
by bligh
Mon May 27, 2019 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE in 6-7 years vs 20+ years
Replies: 44
Views: 5048

Re: FIRE in 6-7 years vs 20+ years

Just curious what others would do, this is all theoretical, I don't have to make any decisions today or anytime soon. So my question for you guys, if you could retire in your late 30s and have a fairly comfortable and luxurious lifestyle, would you do that? Or would you continue your duty to societ...
by bligh
Sun May 26, 2019 2:03 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 427
Views: 42919

Re: I don't understand the case for EE bonds

... Right now, I am happy earning almost 0.90% more yield on my money than its closest alternative - the 20 year treasury. That is a free lunch. Sure it is less liquid, but that makes no difference to me if I intend to hold to maturity anyway. ... It's definitely not a "free lunch." You are buying ...
by bligh
Tue May 21, 2019 2:55 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 427
Views: 42919

Re: I don't understand the case for EE bonds

As long as your plan is to hold to maturity, they are an absolute "free lunch" when compared to 20 year Treasuries. In my case I have been buying my max allotment of EE and I Bonds for the past 4 years and will continue to buy them for the next couple of years at least. Mel Lindauer's article on usi...
by bligh
Sat May 18, 2019 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 18627

Re: High net worth, elite private or “good” public

As a parent myself, if I was in your situation (ie. money was not a consideration) I would evaluate the options based on the specifics. Tour the schools, look at the other kids in school, look at the general atmosphere of the schools, and see which suits the environment I want to expose my kids to. ...
by bligh
Wed May 15, 2019 1:08 pm
Forum: Personal Investments
Topic: VTSAX or VTWAX over the next 35 years?
Replies: 173
Views: 19820

Re: VTSAX or VTWAX over the next 35 years?

+1 for VTWAX. Will it outperform VTSAX? Not sure. Maybe it will, maybe it wont.. But the REIT fund or Health care fund or Technology fund or utilities fund.. could outperform either VTWAX or VTSAX (or both). You cannot predict the performance out 35 years from now. Just like you are not picking comp...
by bligh
Mon May 13, 2019 8:55 pm
Forum: Forum Issues and Administration
Topic: For how long will the forum be around?
Replies: 94
Views: 7972

Re: For how long will the forum be around?

The mods will shut down the forum once -

We have reached a consensus on US/exUS stock holdings ratio

We go 2 full years without a “why not 100% stocks?” Thread

How much do I need to save in my 529 plan has an exact dollar figure answer.

Bitcoin gets its own sub forum

Timelord retires
by bligh
Fri May 10, 2019 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Help me pull the trigger-need to quit
Replies: 41
Views: 5422

Re: Help me pull the trigger-need to quit

The fluff in our budget is travel and tuition. We spend $20k in tuition per year and about $25k per travel. Yes we could cut back on the travel and part of my evaluation over the next year is if I'd rather spend more time at home and travel less or cheaper or keep working. Having lost both my paren...
by bligh
Fri May 10, 2019 11:54 am
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 278
Views: 24019

Re: Crypto bulls are back. Are you getting in?

- Governments have been "printing money to promote growth" for a decade now. They've been doing this at almost comical rates, and yet inflation has failed to manifest itself. While I agreed with the rest of your post, I disagree with this point. We may not be seeing demand driven inflation, but we ...
by bligh
Wed May 08, 2019 11:50 am
Forum: Personal Consumer Issues
Topic: Island life?
Replies: 54
Views: 7143

Re: Island life?

Everyone enjoys different things and most things can get monotonous, frustrating and boring after a while. The way I approach these types of things is to make 1 or 2 years plans to experience something. At the end of the 1 or 2 years you decide if you want 1 or 2 more years of this or if you have an...
by bligh
Tue Apr 30, 2019 6:27 pm
Forum: Personal Investments
Topic: I'm 37, late to the game, worth about 35k...
Replies: 42
Views: 7382

Re: I'm 37, late to the game, worth about 35k...

It is not too late but I think you need to come back to the US ASAP to get a job that pays well. +1 The longer you put this off, the more you are missing out on compound growth. This means, you will need to work longer and save harder with each year you put off saving for retirement in earnest. Thi...
by bligh
Tue Apr 30, 2019 1:44 pm
Forum: Non-US Investing
Topic: Downshift ("Barista FI") while consulting and raising kids? [Switzerland]
Replies: 82
Views: 7892

Re: Downshift ("Barista FI") while consulting and raising kids? [Switzerland]

.. I have already practiced a more extreme version of this in the years since we had kids. For the first three years I worked very hard and for good money, and then for the second two years I pursued my own projects. ... Well then there you have it. I think you have your answer. I believe in your h...
by bligh
Tue Apr 30, 2019 12:02 pm
Forum: Non-US Investing
Topic: Downshift ("Barista FI") while consulting and raising kids? [Switzerland]
Replies: 82
Views: 7892

Re: Downshift ("Barista FI") while consulting and raising kids? [Switzerland]

Downshifting a bit seems like a no brainer in Switzerland where even salaried workers sometimes work less than 100%. As you know it’s quite common for people to arrange a schedule where they have a day, day and a half, or even two days a week off, with pay prorated commensurately. So you would be i...
by bligh
Mon Apr 29, 2019 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Fed interviewing for a private sec job - value of FERS pension?
Replies: 37
Views: 2480

Re: Fed interviewing for a private sec job - value of FERS pension?

X528 - interesting way of thinking about it, but doesn't that assume I can't tap into any principle? I think living off the interest of a lump sump and a FERS annuity are a bit different - the lump sump becomes part of my estate but the FERS annuity gets put in the ground with me :) :D You could ap...
by bligh
Sat Apr 27, 2019 5:42 pm
Forum: Personal Investments
Topic: pay down mortgage vs. invest in taxable?
Replies: 30
Views: 3205

Re: pay off mortgage vs. invest in taxable?

. Personally, I will suggest prepaying mortgage, the required yield of 5.13% is almost exactly double of what treasuries and CDs are yielding now. Those would also be the only investments one should compare against. The 5.13% return is a risk free return. Put another way, the stock market has histo...
by bligh
Sat Apr 27, 2019 5:00 pm
Forum: Personal Consumer Issues
Topic: Living Overseas for 4 Months/Year for Regional Travel (Retirement)
Replies: 75
Views: 5470

Re: Living Overseas for 4 Months/Year for Regional Travel (Retirement)

I'm not an expert, but I know you can stay 90 days in the EU before you must leave. I have heard of people staying in the EU countries for 90 days and then hitting Croatia. https://thesavvybackpacker.com/long-term-travel-europe/ Nitpick alert: :) I am not an expert either, but I think the 90 day ru...
by bligh
Sat Apr 27, 2019 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: How to define wealth
Replies: 51
Views: 4973

Re: How to define wealth

I think the levels can be sliced many different ways and most of them do make good rules of thumbs. The two levels that I care about are : 1) Financial Freedom lite. Wealthy enough such that, provided I am not trying to live like a rock star, cost isn't a factor in most things I do. If I want to go ...
by bligh
Fri Apr 26, 2019 11:03 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Does Money Buy Happiness?
Replies: 37
Views: 2375

Re: Larry Swedroe: Does Money Buy Happiness?

Happiness? No. Peace of mind? Yes. - Ron +1 ... You won the thread with that post. As my net worth has increased the financial peace of mind has increased proportionally. Sometimes I still find myself stressing about the market and the economy and all the bad news in the world and then I realize th...
by bligh
Tue Apr 16, 2019 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford this house?
Replies: 22
Views: 1963

Re: Can we afford this house?

Yup in my opinion you are fine to go ahead and buy the house. Why? 1) Drastically reduced commutes. This is an incredible quality of life improvement. 2) Better schools for your kids. Will save you money on possibly having to go Private. 3) Huge Downpayment. With a $365K downpayment you are limiting...
by bligh
Thu Apr 11, 2019 11:23 am
Forum: Personal Finance (Not Investing)
Topic: How do 40 year olds decide what they can afford?
Replies: 85
Views: 10056

Re: How do 40 year olds decide what they can afford?

Save enough to reach your goals spend the rest. I think knowing the answer to that statement is the OPs struggle. Many of the commenters are offering helpful ways to thoughtfully evaluate and restrain your desires, a key element of even moderate frugality and a healthy balance sheet. The message I'...
by bligh
Fri Apr 05, 2019 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Married couples: can you have a team mentality with separate finances?
Replies: 183
Views: 9007

Re: Married couples: can you have a team mentality with separate finances?

Just out of curiosity — is there no one on this thread who feels that if one spouse builds a successful career or business, then they should be the primary beneficiary of that hard work and not their spouse? This is my husband's point of view. Take Jeff and Mackenzie Bezos for example. Of course we...
by bligh
Fri Apr 05, 2019 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Married couples: can you have a team mentality with separate finances?
Replies: 183
Views: 9007

Re: Married couples: can you have a team mentality with separate finances?

My husband wanted to do separate accounts and keep the majority of assets separate, with a joint account for day-to-day expenses. He argues that you don't have to have joint finances to be a family. He would prefer a structure where we both contribute to expenses pro-rata and then build savings ind...
by bligh
Fri Apr 05, 2019 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Married couples: can you have a team mentality with separate finances?
Replies: 183
Views: 9007

Re: Married couples: can you have a team mentality with separate finances?

I would ask this.. what do you think is the difference between a wife and a girl friend, a husband and a boy friend? It is the life long commitment part right? Marriage certificate or not, I think a person who has decided to commit to someone for the rest of their life, is "married" to that other in...
by bligh
Thu Apr 04, 2019 11:14 am
Forum: Investing - Theory, News & General
Topic: Make sure your retirement investment plan includes being fired from your job in your 50s
Replies: 285
Views: 17257

Re: Make sure your retirement investment plan includes being fired from your job in your 50s

There are sort of 2 h1b markets A) getting that really talent person. That tends to be what big tech uses H1bs for. My experience is google, apple, and the like are paying competitively. B) getting someone cheap. Lots of consulting companies do this. Or companies were tech is a cost not the product...
by bligh
Wed Apr 03, 2019 9:30 am
Forum: Personal Consumer Issues
Topic: Windows 10 on Macbookpro
Replies: 6
Views: 478

Re: Windows 10 on Macbookpro

I run Windows 10 without any issues. I am using VMware Fusion and been using it without any issues for years (with older versions of windows). I used Parallels before there was a big hoopla a few years back about them paying to post fake reviews for their products. I have also used it via bootcamp. ...
by bligh
Tue Apr 02, 2019 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Any *disadvantages* to citizenship?
Replies: 74
Views: 4015

Re: Any *disadvantages* to citizenship?

This is the first part of the naturalization oath, which I took. "I hereby declare, on oath, that I absolutely and entirely renounce and abjure all allegiance and fidelity to any foreign prince, potentate, state, or sovereignty, of whom or which I have heretofore been a subject or citizen" When you...
by bligh
Tue Apr 02, 2019 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Any *disadvantages* to citizenship?
Replies: 74
Views: 4015

Re: Any *disadvantages* to citizenship?

Many countries, including the US, specify that you must renounce other citizenships if you become naturalized. However, they never enforce this, and many people have dual citizenship as a result. This is incorrect, there are countries that require you to renounce other citizenships. The US is NOT o...
by bligh
Tue Apr 02, 2019 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Any *disadvantages* to citizenship?
Replies: 74
Views: 4015

Re: Any *disadvantages* to citizenship?

You are not aware of the single worst tax law for US citizens? If you work anywhere is the world, US claims tax jurisdiction over its citizens. So, if a US citizen moves and works in Singapore or somewhere, the US will still require you to file a tax return and pay US taxes. I don't know what other...
by bligh
Tue Apr 02, 2019 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Any *disadvantages* to citizenship?
Replies: 74
Views: 4015

Re: Any *disadvantages* to citizenship?

... he moved back to the EU. His green card is "expired" (so I have been told), and he now wants to come back to the US to work. He was told he could not renew his expired green card- he could only return as a tourist. If this is all accurate, then I would question the "permanency" of a green card....
by bligh
Mon Apr 01, 2019 5:27 pm
Forum: Personal Consumer Issues
Topic: Summer Europe trip - overwhelming to plan!
Replies: 29
Views: 2262

Re: Summer Europe trip - overwhelming to plan!

So we're finally all geared up for a Europe trip with the family. - 2-3 weeks total trip time. - Two adults, two teens - Next on the list: Germany, Austria, Switzerland, Italy How to make it all work without it costing an arm and a leg? - Fly from place to place? Fast but expensive - Trains seem to...
by bligh
Sat Mar 23, 2019 4:36 am
Forum: Personal Consumer Issues
Topic: Anybody tempted by the new iPads?
Replies: 37
Views: 3284

Re: Anybody tempted by the new iPads?

I already pre-ordered 2 of the minis. One for myself and one as a gift. The screen improvements are what have me excited. The form factor and weight makes it so much easier to carry around and use. It would have been nice if they had either shrunk the size a bit by dropping the large bezels or incre...
by bligh
Fri Mar 22, 2019 3:36 pm
Forum: Investing - Theory, News & General
Topic: 10 Year/3 Month Treasuries Inversion
Replies: 100
Views: 8700

Re: 10 Year/3 Month Treasuries Inversion

There is no guarantee of a recession. The recession may not be a severe one. The recession may not be a prolonged one. But then again... The recession may be the one to bring about the next dark ages. All outcomes are possible. We are all just like John Snow. We know nothing. I will stay the course ...
by bligh
Fri Mar 22, 2019 8:51 am
Forum: Investing - Theory, News & General
Topic: The $4,026,858.95 Car or a Worry-Free Retirement?
Replies: 245
Views: 12555

Re: The $4,026,858.95 Car or a Worry-Free Retirement?

What I enjoy most about this thread is the cognitive dissonance. People who spend too much on a car try to give justification how it was a good decision. The only person in this thread with any decent justification is the one who takes their car to the race track and actually uses the car for what ...
by bligh
Fri Mar 22, 2019 8:33 am
Forum: Investing - Theory, News & General
Topic: The $4,026,858.95 Car or a Worry-Free Retirement?
Replies: 245
Views: 12555

Re: The $4,026,858.95 Car or a Worry-Free Retirement?

Grt2bOutdoors wrote:
Thu Mar 21, 2019 3:58 pm

Nah!, a killer smile and some time in the gym. Having a big bank account at age 25 attracts the wrong crowd.
Yeah but if you lost the genetic lottery and have a creepy smile and are a hard gainer, the BMW goes some way towards evening the playing field. 8-)
by bligh
Thu Mar 21, 2019 9:27 am
Forum: Personal Investments
Topic: Ready to FIRE (But Vultures Be Circling)
Replies: 80
Views: 10844

Re: Ready to FIRE (But Vultures Be Circling)

- After paying taxes, left me with about $10 million in the bank. - Living expenses around $100k after tax (but wouldn't mind enjoying some more if I can wrap my head around safe withdrawal rate!) - Desired AA: 70% bonds/30% equities (50% exposure to int'l) - Paranoid & pessimistic about upcoming r...