Search found 554 matches

by bligh
Thu Dec 07, 2017 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 142
Views: 14031

Re: A good friend has nearly $1M in BitCoin what do I tell him?

BitCoin is suppose to be an alternate currency, right? If so it is a poor one. Ideally currencies have a stable value. It seems to me it is being primarily used for speculation. Lets see how far the "greater fool" theory runs. The greater fool theory states that the price of an object is determined...
by bligh
Thu Dec 07, 2017 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 142
Views: 14031

Re: A good friend has nearly $1M in BitCoin what do I tell him?

BitCoin is suppose to be an alternate currency, right? If so it is a poor one. Ideally currencies have a stable value. It seems to me it is being primarily used for speculation. Lets see how far the "greater fool" theory runs. The greater fool theory states that the price of an object is determined...
by bligh
Thu Dec 07, 2017 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 142
Views: 14031

Re: A good friend has nearly $1M in BitCoin what do I tell him?

The reason I don't feel bad for "missing" the Bitcoin boom is that if I bought or mined Bitcoin for pennies "back in the day," there is a 0% chance I would be holding it now. When it got up to $10, I would have sold half. When it got up to $100, I would have sold half... and again and again and aga...
by bligh
Fri Dec 01, 2017 11:49 pm
Forum: Investing - Help with Personal Investments
Topic: TD Ameritrade fund replacement
Replies: 42
Views: 4268

Re: TD Ameritrade fund replacement

Only about $150K in there. It's actually my wife's, but I'm managing it for her obviously. I have it in the 3 fund portfolio with DRIP re-investment so it doesn't cost me anything to leave as is. I will only have to worry about the cost when it comes time to rebalance. What is the livesoft method? ...
by bligh
Fri Dec 01, 2017 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: TD Ameritrade fund replacement
Replies: 42
Views: 4268

Re: TD Ameritrade fund replacement

I have a rollover IRA in TDAmeritrade as well that I have not moved over from Vanguard funds as yet. Have you tried the Livesoft method and seeing about some free trades? What exactly do you do with that account on a recurring basis? I wouldn't go switching out all of the funds just for that. Of co...
by bligh
Fri Dec 01, 2017 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: TD Ameritrade fund replacement
Replies: 42
Views: 4268

Re: TD Ameritrade fund replacement

I have a rollover IRA in TDAmeritrade as well that I have not moved over from Vanguard funds as yet.. So does this sound fair : Original portofolio : 40% - VTI 40% - VXUS 20% - BND New Portfolio to take advantage of Commission free ETF trades: 40% SPTM (ie. VTI) 30% SPDW (ie VXUS ex Emerging Markets...
by bligh
Fri Dec 01, 2017 11:33 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 4184
Views: 1115747

Re: U.S. stocks in freefall

There is that volatility that has been hiding all these months.
by bligh
Tue Nov 28, 2017 5:25 pm
Forum: Investing - Theory, News & General
Topic: Tracking the Bitcoin Bubble in Real Time?
Replies: 70
Views: 4678

Re: Tracking the Bitcoin Bubble in Real Time?

I think Bitcoin should be cautionary tale for those who underestimate the pace at which disruption can and will move in the future. What disruption? Where has Bitcoin made any impact whatsoever on the general public? The first bitcoin mania was all about the disruption that it would bring. That is ...
by bligh
Mon Nov 27, 2017 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 17340

Re: The fallacy of spending money on "experiences" vs hard assets

Wildebeest wrote:
Sun Nov 26, 2017 7:38 pm

I am curious as to what you are reading now.
I am currently reading The Rise and Fall of the Third Reich by William Shirer. It's a slow read due to all the details and the German names/places, but I am still enjoying it very much.
by bligh
Sun Nov 26, 2017 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 17340

Re: The fallacy of spending money on "experiences" vs hard assets

Harari's "Sapiens" on world travel" (reading his book is an experience, which changed my outlook on life, very much recommended): [ I could not disagree more. We are not chimpanzees. As humans , many of us are wired to constantly seek out new and unfamiliar things. What is your favorite movie? Try ...
by bligh
Sat Nov 25, 2017 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 17340

Re: The fallacy of spending money on "experiences" vs hard assets

I am with eye surgeon that experiences are so overrated. We went to the Galapagos islands with National Geographics/ Lindblat for one week and I enjoyed the two hour National Geographics movie I saw on cable while I was walking on the treadmill so much more. For me it is a myth that vacations/exper...
by bligh
Sat Nov 25, 2017 3:29 pm
Forum: Personal Consumer Issues
Topic: Charcoal grill
Replies: 18
Views: 1484

Re: Charcoal grill

bottlecap wrote:
Sat Nov 25, 2017 3:22 pm
Hard to beat the Weber kettle for the situation you describe.

JT
+1 Love my Weber Kettle grill. Very versatile, good price, use it often, though I do not do advanced stuff with it.
by bligh
Sat Nov 25, 2017 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 17340

Re: The fallacy of spending money on "experiences" vs hard assets

I guess my wife is right, there is something wrong with me :happy I dont think there is anything wrong with you. In my opinion, the only mistake you are making is in envisioning that other people are not in touch with what they truly value and are being misled into consuming experiences instead of ...
by bligh
Fri Nov 24, 2017 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking to save $20,000 in one year
Replies: 18
Views: 1970

Re: Seeking to save $20,000 in one year

That is a pretty aggressive goal on your income. I hope you are able to reach it! If you are married, you and your wife could consider setting up an automatic purchase of I Bonds each month or so.. up to $10K / person/ year. IBonds are great, they keep up with inflation, give you a better return tha...
by bligh
Fri Nov 24, 2017 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 213
Views: 15961

Re: Anyone tired of the stock market going up?

I have been feeling something similar I suppose, like I wish the correction would go ahead and come already, or at least the stock market would either stay flat or go up less steeply, so that the ominous "correction/bear market" is less severe. I know it is nothing like it, but in my head I would de...
by bligh
Wed Nov 22, 2017 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Did you end up overfunding a 529?
Replies: 13
Views: 1039

Re: Did you end up overfunding a 529?

I am interested in hearing about this too. Also would be interested in hearing the 529 balance at the time the kids education began and what type of university. My current plan: I am currently aiming to fund enough to have be able to pay In-state tuition for all 4 years x 2 kids today. In my state ...
by bligh
Wed Nov 22, 2017 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: How do you define success in your life?
Replies: 46
Views: 2011

Re: How do you define success in your life?

When I am on my death bed, if I find myself surrounded by my loved ones, and I can look back at my life with satisfaction, and very few regrets, I will have considered it a successful life.
by bligh
Wed Nov 22, 2017 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Did you end up overfunding a 529?
Replies: 13
Views: 1039

Re: Did you end up overfunding a 529?

I am interested in hearing about this too. Also would be interested in hearing the 529 balance at the time the kids education began and what type of university. My current plan: I am currently aiming to fund enough to have be able to pay In-state tuition for all 4 years x 2 kids today. In my state I...
by bligh
Wed Nov 22, 2017 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: How do you define success in your life?
Replies: 46
Views: 2011

Re: How do you define success in your life?

QuentinCrisp wrote:
Wed Nov 22, 2017 12:19 pm
djpeteski wrote:
Wed Nov 22, 2017 10:31 am
To crush your enemies. See them driven before you. And to hear the lamentations of their women.
I concur with Genghis Khan's sentiments. Life has been a battle, and I have a long memory.

Quentin
I thought that was Conan the Barbarian?
by bligh
Wed Nov 22, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 213
Views: 19470

Re: Why NOT make more money?

I retired 11years ago with what I thought was quite a lot “more than enough”. The early part of my retirement was influenced by the recession of 2008-2009. For a while it looked like I wouldnt have enough. I would now estimate that our spending is around 25% higher than I had planned for prior to r...
by bligh
Tue Nov 21, 2017 11:49 am
Forum: Investing - Theory, News & General
Topic: FIFO only rebalancing
Replies: 4
Views: 958

Re: FIFO only rebalancing

This would do away with TLH too and robo advisors like Betterment would essentially lose their business model.
by bligh
Thu Nov 16, 2017 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: Too much risk for early retirement?
Replies: 21
Views: 3273

Re: Too much risk for early retirement?

Here is what I would do if I was you. 1) Strongly consider downsizing from a 1.4 mil house to something about half as much to save on property taxes. Not having to be near work or near some specific school district really helps with the costs. Also if my kids were off to college in the next couple o...
by bligh
Wed Nov 15, 2017 11:45 am
Forum: Personal Consumer Issues
Topic: Office Chair Recommendations (Aeron?)
Replies: 37
Views: 2203

Re: Office Chair Recommendations (Aeron?)

I need a new office chair. I typically go for comfort, but am thinking something that offers more support and good posture will be better. I would be willing to spend a decent amount (maybe $500 or more for something high quality with a warranty) but would be nice to try some out before buying. Any...
by bligh
Tue Nov 14, 2017 4:08 pm
Forum: Investing - Theory, News & General
Topic: The World's Negative Interest Rate Experiment
Replies: 34
Views: 3399

Re: The World's Negative Interest Rate Experiment

I suppose this makes sense when one can get an SEC yield of 1.3% on Vanguard's Limited-Term Tax-Exempt fund today, but only negative interest rates on your shorter-term government bonds at home. How very strange. I must be missing something, because it still doesn't make sense to me. Why wouldn't t...
by bligh
Tue Nov 14, 2017 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Borrowing from parents - what interest rate?
Replies: 52
Views: 3689

Re: Borrowing from parents - what interest rate?

It all depends on just how well off your parents are and your family's culture. I know of multiple people who have had their homes bought for them in cash by their parents with no repayment needed. I also know a couple that got an interest free loan from their parents to buy their home, to be paid b...
by bligh
Fri Nov 10, 2017 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 213
Views: 19470

Re: Why NOT make more money?

do some crazy things or take that African safari? The most depressing notion of the 4% withdrawal rate is the expectation that my life will be grocery bills, electric bills, and gas bills. I know the objective is to also average in all the new roofs and new cars and foreign travel and assorted othe...
by bligh
Fri Nov 10, 2017 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 213
Views: 19470

Re: Why NOT make more money?

There is a thread about "why make more money"? So this one is to discuss about the other side of the story. For myself, I am actually in the middle and in a difficult situation to go either way. Here is my situation (said before in other threads): We are in early 50s and have achieved financial ind...
by bligh
Thu Nov 09, 2017 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Why make more money?
Replies: 134
Views: 13211

Re: Why make more money?

Reading from this thread, there are folks that wouldn't want to be at their job if not for money. They rather spent time at home and/or other leisure activities. It's sad that this group cannot find purpose and fulfillment with their career. It's horrible if you spend your entire working life witho...
by bligh
Wed Nov 08, 2017 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Invest or Save for down payment?
Replies: 3
Views: 236

Re: Invest or Save for down payment?

I was looking to get some perspectives on allocating savings between retirement investing and saving for a future house down payment. My wife and I gross ~175K combined (~14.5K/month), and save ~4.5K/month (1.5K to 401k, my wife can't contribute at work, and the remainder to iras/brokerage). We wan...
by bligh
Tue Nov 07, 2017 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Is short term tips etf appropriate for part of emergency fund?
Replies: 21
Views: 1550

Re: Is short term tips etf appropriate for part of emergency fund?

I Bonds beyond 1 year function like Inflation indexed CDs for 30 years with the early withdrawal penalty waived after the first 5 years. Oh and you dont pay state income taxes on the interest. They make an excellent emergency fund and are also reasonably tax efficient in the event that you don't nee...
by bligh
Tue Nov 07, 2017 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Why make more money?
Replies: 134
Views: 13211

Re: Why make more money?

Considering it wasn't that long ago that people worked dusk to dawn to either grow, hunt or gather food and water their entire lives (and in many places I am sure they still do) I can't see where our society has placed an increased burden on us. If I remember correctly when Social Security was orig...
by bligh
Tue Nov 07, 2017 12:54 pm
Forum: Investing - Theory, News & General
Topic: "$1 Million is Closer Than You Think"
Replies: 54
Views: 9511

Re: "$1 Million is Closer Than You Think"

Actually, I would hope there is another critical message conveyed by the interactive ad: That it actually is possible to build a million dollar nest egg without super-human abilities . That's the message I wish I had heard when I was younger, and it's one I've heard over and over again from many ot...
by bligh
Tue Nov 07, 2017 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Why make more money?
Replies: 134
Views: 13211

Re: Why make more money?

A sense of purpose and community. My mother retired in her 50's from a professional job and regrets it now. Going to work is not always about making more. You are 100% correct. I learned this lesson during a near year long hiatus and when I talk with friends and we discuss how we would fill our day...
by bligh
Mon Nov 06, 2017 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard CA Intermediate / Long Term Tax Exempt Fund
Replies: 4
Views: 321

Re: Vanguard CA Intermediate / Long Term Tax Exempt Fund

So my current AA is as follows: Category Target Actual Large Cap Stock 20% 20.04% Mid/Small Cap Stock 20% 17.17% International Stock 20% 19.28% REIT 7% 4.21% US Bond 25% 22.49% Global Bond 0% 0.00% Company Stock 8% 13.73% Cash 0% 3.10% Gold 0% 0.00% Age: 36, Married Mortgage: $370K Emergency fund: ...
by bligh
Sat Nov 04, 2017 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: PRIMECAP Fund
Replies: 63
Views: 2882

Re: PRIMECAP Fund

We got access to PRIMECAP via my Wife's 403b. I won't lie.. I did get a huge smile on my face when I saw it. Unfortunately, our current holding doesn't make up a huge percentage of our portfolio (~2%) but I am definitely glad we own it. There is a $25K/year cap on investments even for existing share...
by bligh
Sat Nov 04, 2017 10:53 am
Forum: Personal Finance (Not Investing)
Topic: College student... Financial mess... Need advice...
Replies: 58
Views: 5835

Re: College student... Financial mess... Need advice...

Perhaps someone on this board or in your friend circle will know of a way to get you out of paying for that rental. However, when you signed that lease you made a financial commitment. You want to break that financial commitment but are worried about the consequences. It's a tough situation but it h...
by bligh
Wed Nov 01, 2017 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: I'm fairly young but done with saving money
Replies: 75
Views: 9517

Re: I'm fairly young but done with saving money

At what point does it make sense to just say: screw it, I don't need to worry about saving money anymore. Is it a dangerous way of thinking? 1. First option is to switch to a less stressful job that pays half of my current salary and I can basically spend my entire salary every month. I will still ...
by bligh
Mon Oct 30, 2017 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Can I Afford This House?
Replies: 22
Views: 1747

Re: Can I Afford This House?

In my opinion, you can afford that house. Having said that, with that kind of income I would, personally, be making a beeline (like it seems you guys have been doing) for financial independence at a 2-3% withdrawal rate. But those are my values, and they may not apply to your life. My only input wou...
by bligh
Mon Oct 30, 2017 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Bringing money from India to USA
Replies: 12
Views: 1269

Re: Bringing money from India to USA

I see absolutely no advantage to this complicated approach. What am I missing? When your cousin arrives, help him open a bank account and let your uncle transfer whatever he wants to. Your cousin can bring cash to cover the first few days of expenses. Or you could help your cousin out and cover his ...
by bligh
Mon Oct 30, 2017 11:22 am
Forum: Personal Finance (Not Investing)
Topic: we bought a house - are we housepoor now?
Replies: 195
Views: 9221

Re: we bought a house - are we housepoor now?

Higher risk == higher return. I think you got that backwards. the equality operator is commutative Not in this case - see for example square == rectangle... Square == rectangle == false Rectangle == square == false Looks commutative to me I believe Avalpert was intending to refer to a Quadrilateral...
by bligh
Sat Oct 28, 2017 11:43 am
Forum: Investing - Help with Personal Investments
Topic: Early-retired 35 year old with $1 million
Replies: 198
Views: 18852

Re: Early-retired 35 year old with $1 million

You are in really good shape financially, but I echo the opinion of others in this thread, you are cutting it a bit close. It is impossible to say without knowing your what decisions you plan to mak. Perhaps you are the MMM/Ultra minimalist type who enjoys living on $24K? ( Based on $75K being 2 yea...
by bligh
Sat Oct 28, 2017 9:26 am
Forum: Investing - Help with Personal Investments
Topic: ETF Vs Admiral
Replies: 16
Views: 937

Re: ETF Vs Admiral

ETF you have to buy a whole share, can't do fractional. Mutual funds you can buy fractional. I would say if you have the 10k minimum, there is no difference between ETF vs Admiral, if not there is a very slight edge to the ETF. I believe dividends are handled differently as well. For tax-advantaged...
by bligh
Fri Oct 27, 2017 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Ally 12-month CD
Replies: 5
Views: 1270

Re: Ally 12-month CD

GSBank (Who I am with) has a great offer too @ 1.65% for a 12 month CD.

GSBank seems to have great rates, but their early withdrawal penalties are quite severe.
by bligh
Thu Oct 26, 2017 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 183
Views: 20231

Re: Let's talk about your FI # and family income [Financial Independence]

I'm seeing a lot of FI numbers in the $2.5 to $3 million range. I wonder how many people will increase that number once they hit their goal---whether because they now are concerned that their original number isn't truly enough for financial independence, or because they want a bit of a safety cushi...
by bligh
Wed Oct 25, 2017 11:28 am
Forum: Personal Consumer Issues
Topic: Ordering iPhoneX
Replies: 19
Views: 1809

Re: Ordering iPhoneX

So it appears that the physical iPhoneX is a big smaller but the usable screen space is the same or more than iPhone 8Plus. Sorta. There are notches and aspect ratio is different, so apps need to be reformatted. some "in-the-wild" photos show existing apps only using the middle section of the scree...
by bligh
Sat Oct 21, 2017 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Do you worry about linking external accounts?
Replies: 6
Views: 1009

Do you worry about linking external accounts?

I have 2 hub Checking accounts and a Savings account I use to connect all my other accounts for funding and such (ie. Checking, Brokerage, Retirement, 529s, etc.) The thing is my hub savings account holds my cash reservers (AKA Emergency Fund). Earlier today I was wondering if I should be worried ab...
by bligh
Thu Oct 19, 2017 8:06 pm
Forum: Investing - Help with Personal Investments
Topic: Best place to invest (*other* than Vanguard)?
Replies: 27
Views: 2559

Re: Best place to invest (*other* than Vanguard)?

I love Vanguard. I love their low-cost index funds. I love their advice... One of the things they say is: Diversify, diversify, diversify. I"m well diversified at Vanguard. But all my money is at Vanguard. I'm thinking it wouldn't be a bad idea to have a second investment account with another firm....
by bligh
Sat Oct 14, 2017 4:57 pm
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 7880

Re: How long for hedonic adaptation to set in?

The easiest way to try out not spending is to pass up, this time, one such expense and see how it goes....One step at a time. But where does this end? - a monastery room with concrete walls and a hard bed and your days filled with Loving Kindness Meditation? Sure, why not? If that IS what makes you...
by bligh
Fri Oct 13, 2017 7:16 pm
Forum: Personal Consumer Issues
Topic: Sabbatical Money
Replies: 6
Views: 940

Re: Sabbatical Money

I have sabbatical planned for myself and my family. The funds for it are saved in a separate brokerage account using the 3 fund portfolio (using intermediate term munis instead of the total bond fund) at a somewhat more conservative asset allocation than the rest of my portfolio. 1) It is 5 years fr...
by bligh
Thu Oct 12, 2017 6:36 pm
Forum: Investing - Theory, News & General
Topic: 10 year anniversary of the beginning of the Great Recession
Replies: 45
Views: 4518

Re: 10 year anniversary of the beginning of the Great Recession

I wasn't a boglehead so I didn't fully capitalize on the buying opportunity. I do remember happily maxing out our 401Ks at the time and my wife asking me if that was wise. I remember my reply that this is precisely when you invest as much as possible. One Regret I have is that my selection of mutual...