Search found 752 matches

by bligh
Tue Jun 19, 2018 10:58 am
Forum: Investing - Help with Personal Investments
Topic: Messy Divorce -- Forensic Accounting Help....
Replies: 120
Views: 9131

Re: Messy Divorce -- Forensic Accounting Help....

Dottie57 wrote:
Mon Jun 18, 2018 9:30 pm
bligh wrote:
Mon Jun 18, 2018 9:10 pm
I am so very sorry to hear of your situation Inever. Be strong and remember when you are going through hell, just keep going.
NCIS fan?
The show? Never watched it. They use that proverb a lot in that show?
by bligh
Mon Jun 18, 2018 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: Messy Divorce -- Forensic Accounting Help....
Replies: 120
Views: 9131

Re: Messy Divorce -- Forensic Accounting Help....

I am so very sorry to hear of your situation Inever. Be strong and remember when you are going through hell, just keep going. To answer your question, if I was trying to invest money and hide it from my spouse, while maintaining an income that was too high for Roth. If my goal was to avoid detection...
by bligh
Mon Jun 18, 2018 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: can we afford to spend $20K on travel annually
Replies: 89
Views: 6558

Re: can we afford to spend $20K on travel annually

I disagree. I am very diligent w getting deals and it looks like weve done a better job. For the past three european trips we managed to score tickets bw 500-600 you just have to look at the right airports and drive to them. If you want convenience from some midsize hub then yeah irs going to be to...
by bligh
Mon Jun 18, 2018 12:04 pm
Forum: Personal Consumer Issues
Topic: Flight cancelled. Entitle to any compensation?
Replies: 32
Views: 4592

Re: Flight cancelled. Entitle to any compensation?

Jeez. I wish this thread had popped up sooner or I had posted here when I ran into the issue 2 weeks ago. I had Norwegian cancel my flight back from Rome and essentially move my return trip forward 2 days. I instead had them fly me back 3 days later on their next available flight.. (it cost an extr...
by bligh
Mon Jun 18, 2018 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: can we afford to spend $20K on travel annually
Replies: 89
Views: 6558

Re: can we afford to spend $20K on travel annually

$200,000 for 10 years of vacations is too much, even on your salary. An exotic trip to Africa, Australia, the Far East here and there is fine, but not as a routine. Definitely do enjoy life and travel if you desire. Also, extrapolating to other aspects of your life, make sure you don't have to spen...
by bligh
Fri Jun 15, 2018 4:54 pm
Forum: Personal Consumer Issues
Topic: I am STUNNED over how much help my friends recieved with house purchase!
Replies: 47
Views: 3674

Re: I am STUNNED over how much help my friends recieved with house purchase!

Nothing to be surprised about there. Almost all my friends in this VHCOL area had their parents help them to a great degree. Some had the houses paid for in cash, others had the houses paid for in cash by their parents as an interest free loan, some got help on the down payments and so on. I also wo...
by bligh
Fri Jun 15, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: can we afford to spend $20K on travel annually
Replies: 89
Views: 6558

Re: can we afford to spend $20K on travel annually

Given that you seem to agree that they "have the funds", who are you [or any of "us"] to say that, for them , "$200,000 for 10 years of vacations is too much"? It's not as though they are clearly putting other family/life goals at serious risk. +1 to this. It's not like the guy who dies with the mo...
by bligh
Wed Jun 13, 2018 5:06 pm
Forum: Investing - Theory, News & General
Topic: Why market drop when Fed announced rate increase?
Replies: 19
Views: 2490

Re: Why market drop when Fed announced rate increase?

The Fed also removed their statement that they expected interest rates to remain below longer run levels for some time. Which increases the probability that they expect interest rates to return to longer run levels.
by bligh
Wed Jun 13, 2018 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement
Replies: 74
Views: 6975

Re: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement

MP123 wrote:
Wed Jun 13, 2018 3:17 pm
It's worth mentioning that Millennials are projected to inherit something like $30 trillion dollars in assets from aging Boomers.

I wonder if that might change some of their plans for housing, kids, and so on?
Not if you get an inheritance after you are past child bearing age.
by bligh
Wed Jun 13, 2018 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement
Replies: 74
Views: 6975

Re: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement

I really think it's people responding to differing incentives. Debt + high costs of housing make people apprehensive to buy. Job instability and rewarding workers for job hopping similarly rewards renting. I think that is a very insightful observation. Well said. Wage growth has not kept up with th...
by bligh
Mon Jun 11, 2018 2:53 pm
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 179
Views: 36689

Re: Bogleheads, tell me about your 40's?

I have some time before I hit the big 4-0, but I do spend a lot of time thinking about my 40s. A close acquaintance of mine had a midlife crisis after crossing 40 where he ended up having an affair. Judging from some of the prior posts it seems like this type of destructive behavior isn't uncommon. ...
by bligh
Fri Jun 08, 2018 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Best Advice You Never Took
Replies: 100
Views: 13390

Re: Best Advice You Never Took

Probably to invest early. I'm only mid-30s now so I didn't wait too long, but I could have started putting more money away for retirement when I started my first serious job nearly a decade ago. My balance would look quite a bit different than it does now if I did... + 4 I can recall the exact advi...
by bligh
Fri Jun 08, 2018 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: How much to budget for a week long vacation for 2?
Replies: 79
Views: 4250

Re: How much to budget for a week long vacation for 2?

You have got answers from as low as $2000 to as high as $25,000. How does that really help you though? What would you plan for? Look for the pattern not the individual results after filtering obvious outlier that wouldn't apply like no international travel or someone is not constrained by finances ...
by bligh
Fri Jun 08, 2018 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: Achieved FIRE, what next? [Financial Independence Retire Early]
Replies: 14
Views: 2580

Re: Achieved FIRE, what next? [Financial Independence Retire Early]

Based on the numbers listed above, what would you do? Just looking for ideas, new goals, possible weak spots or considerations I may not be thinking of. Thanks! I agree with megabad, if I were you I would get a diversified portfolio of a reasonable size in place. Big enough that a 4% withdrawal rat...
by bligh
Fri Jun 08, 2018 12:16 pm
Forum: Investing - Theory, News & General
Topic: $1M Question
Replies: 38
Views: 4812

Re: $1M Question

With utmost sincerity, a dummy with $12k (me) walks up to you and asks: Via investing of any kind, what can I do to make $1M in one year from now? If a dummy like you (as you claim) could turn $12K into $1M in one year (without turning to crime!), we'd all be doing it.... every year. The legal way ...
by bligh
Thu Jun 07, 2018 10:06 pm
Forum: Investing - Help with Personal Investments
Topic: Stupid question about FIRE
Replies: 4
Views: 867

Re: Stupid question about FIRE

If you have 5 years of expenses in your taxable account and you can use the Roth conversion ladder as described in the link Klangfool posted. I plan to use the Roth Conversion ladder when/if I retire early.
by bligh
Thu Jun 07, 2018 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: How much to budget for a week long vacation for 2?
Replies: 79
Views: 4250

Re: How much to budget for a week long vacation for 2?

Totally Depends on the destination and the type of Activity. A week in Bora Bora or a week at a National Park. They dont even compare. I could see a week in Bora Bora costing $20K with food, excursions, activies, etc. thrown in. I could see a week at a National Park costing less than $2K.
by bligh
Wed Jun 06, 2018 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: Should I put some money aside in money market for market correction
Replies: 94
Views: 6610

Re: Should I put some money aside in money market for market correction

I didn't tell you IN January. I told you that AFTER January the markets would continue to cool off for a couple of months since I told you this. Maybe you could provide the link (or even date) of the post where you said that after January the markets would cool off for a couple of months? Which mon...
by bligh
Wed Jun 06, 2018 4:40 pm
Forum: Personal Consumer Issues
Topic: Flight cancelled. Entitle to any compensation?
Replies: 32
Views: 4592

Re: Flight cancelled. Entitle to any compensation?

Jeez. I wish this thread had popped up sooner or I had posted here when I ran into the issue 2 weeks ago. I had Norwegian cancel my flight back from Rome and essentially move my return trip forward 2 days. I instead had them fly me back 3 days later on their next available flight.. (it cost an extr...
by bligh
Mon Jun 04, 2018 7:58 pm
Forum: Personal Consumer Issues
Topic: Flight cancelled. Entitle to any compensation?
Replies: 32
Views: 4592

Re: Flight cancelled. Entitle to any compensation?

Jeez. I wish this thread had popped up sooner or I had posted here when I ran into the issue 2 weeks ago. I had Norwegian cancel my flight back from Rome and essentially move my return trip forward 2 days. I instead had them fly me back 3 days later on their next available flight.. (it cost an extra...
by bligh
Mon Jun 04, 2018 9:55 am
Forum: Personal Consumer Issues
Topic: Need advice on 1st international vacation
Replies: 106
Views: 5704

Re: Need advice on 1st international vacation

Anywhere in Western Europe is a safe choice for a first international trip. Actually any major tourist destination is a safe choice. English is spoken all over the world provided you don't go too far of the beaten path. The world is a welcoming and accommodating place provided you too are polite, hu...
by bligh
Sat Jun 02, 2018 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: is Having more and needing less normal?
Replies: 113
Views: 8571

Re: is Having more and needing less normal?

I am far from retirement but I will say that having more was a significant factor in my spending less. When I was younger, my net worth was low, retirement or financial independence was a far and distant prospect. Decades and decades away. It was a long journey and my mindset was to not think so far...
by bligh
Fri Jun 01, 2018 8:35 pm
Forum: Investing - Help with Personal Investments
Topic: Why have a savings account at all?
Replies: 153
Views: 10501

Re: Why have a savings account at all?

And furthermore, most people are broke and the tow truck operators, court systems, emergency cleanup crews and urgent care people all know this and that's why they all take credit cards now. You can't bail out of jail with a credit card. In the off chance I did something stupid enough, and to then ...
by bligh
Fri Jun 01, 2018 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: Why have a savings account at all?
Replies: 153
Views: 10501

Re: Why have a savings account at all?

And furthermore, most people are broke and the tow truck operators, court systems, emergency cleanup crews and urgent care people all know this and that's why they all take credit cards now. You can't bail out of jail with a credit card. In the off chance I did something stupid enough, and to then ...
by bligh
Fri Jun 01, 2018 9:15 am
Forum: Personal Consumer Issues
Topic: Travel advice for an engineer
Replies: 65
Views: 4252

Re: Travel advice for an engineer

Gill wrote:
Fri Jun 01, 2018 9:09 am
Panama Canal
Gill
+1

OP, I have not visited the Panama Canal, but really enjoyed the book "The Path Between the Seas" By David McCullough. With your background I imagine you will love it.
by bligh
Thu May 24, 2018 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Parents with pre-K kids and 529 target
Replies: 50
Views: 2946

Re: Parents with pre-K kids and 529 target

I am curious, do you guys consider your 529 balance as a ratio of your net worth? There was a thread (more than a year ago I think) where Klangfool (I think it was him) had asked a question of a poster "How much of your net worth are you willing to spend to get your kids through college?" I am parap...
by bligh
Wed May 23, 2018 4:39 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 321
Views: 34273

Re: Post your Financial Milestone Announcements Here

RadAudit wrote:
Wed May 23, 2018 3:37 pm
Going on 9 years in retirement and still solvent! :D

Looks as if the Trinity studies and SWRs are working, so far.
Nice! You picked a great time to retire.. right at the start of a bull run. :sharebeer
by bligh
Wed May 23, 2018 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Going from 50/50 US/Int to All US
Replies: 86
Views: 8605

Re: Going from 50/50 US/Int to All US

The same reason you don't put all your money into AAPL or any of the FANG stocks, is the reason you don't put all your money into a single country. You need to diversify. Diversification is the only free lunch. You don't know what is going to happen tomorrow. I shoot to be 50/50, US and internationa...
by bligh
Wed May 23, 2018 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Parents with pre-K kids and 529 target
Replies: 50
Views: 2946

Re: Parents with pre-K kids and 529 target

I am using an approach I like to call "Match and Track". I looked at the cost of tuition and fees (not room and board)* for the nearby state universities, and decided to contribute as much and as fast as I could, to get to 4x that number for each kid. After that I would monitor each year, look at ma...
by bligh
Tue May 22, 2018 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: How do you stop moving the goal posts.
Replies: 62
Views: 4926

Re: How do you stop moving the goal posts.

Following PhilosophyAndrew’s comment. From the Stoic Seneca: Epicurus says, “Rehearse for death,” or, if this conveys the meaning better for us, “it’s a great thing to learn how to die.” Perhaps you think it useless to learn something that must only be used once; but this is the very reason why we ...
by bligh
Tue May 22, 2018 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: How do you stop moving the goal posts.
Replies: 62
Views: 4926

Re: How do you stop moving the goal posts.

Most of my life I have achieved things by setting goals, achieving them (hopefully) then moving the goal posts and essentially starting the process over. I have used this method to keep myself engaged at work, athletically and in my financially life. Now as I approach retirement I am wondering how ...
by bligh
Tue May 22, 2018 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Three steps forward, two back with saving
Replies: 26
Views: 3341

Re: Three steps forward, two back with saving

Potential options may help trick yourself. We have a checking account, savings account, emergency fund, car fund, taxes fund and vacation fund. Money is fungible, so these accounts only server to segregate and give each dollar a purpose. With a transfer click I can move from Car to Taxes. If I put ...
by bligh
Tue May 22, 2018 9:34 am
Forum: Investing - Help with Personal Investments
Topic: How do you stop moving the goal posts.
Replies: 62
Views: 4926

Re: How do you stop moving the goal posts.

I wonder about this too, from a slightly different angle. I wonder if I will ever be okay watching my account balances shrinking instead of growing. When I think about it, it feels a bit depressing. Almost like a clock ticking down to that inevitable grave. I am quite a few years away from being in ...
by bligh
Tue May 15, 2018 11:58 am
Forum: Investing - Theory, News & General
Topic: Would you be willing to temporarily change your AA?
Replies: 27
Views: 1650

Re: Would you be willing to temporarily change your AA?

That is definitely market timing and frowned upon. However, if I am honest, if the market were to drop by say 50% from its current level, currently I would want to "over-balance" (as opposed to simply re-balance to hold my current allocations) and drop the bond percentage of my allocation by 5-10%. ...
by bligh
Thu May 10, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff mortgage early or save?
Replies: 27
Views: 3086

Re: Payoff mortgage early or save?

I've always felt that, unless and until you can make one lump sum payment to eliminate the mortgage, you should hold on to extra cash. The bank isn't interested in the fact that you're 12 months ahead of where you should be on your mortgage; your payment is due every month on the 1st. Lose your job...
by bligh
Fri May 04, 2018 10:51 am
Forum: Investing - Theory, News & General
Topic: AAPL - Great Investment or Value Trap
Replies: 62
Views: 8273

Re: AAPL - Great Investment or Value Trap

AAPL was the last stock I sold before I moved to a full Boglehead portfolio. I was strongly bullish on Apple even as I sold it. I had about 10% of my entire net worth in AAPL at the time I sold it. I have made a lot of money on the stock over the years, though I could have made a lot more (bought an...
by bligh
Fri May 04, 2018 9:39 am
Forum: Investing - Theory, News & General
Topic: Retirees Never Had It Better
Replies: 31
Views: 5121

Re: Retirees Never Had It Better

The mean is meaningless with the kind of wealth distribution we have. The median, and the various percentiles (75th, 80th, 90th, etc.) are what should be discussed. The following study gives more information about the distribution of wealth for “near retirees”: https://www.stlouisfed.org/publicatio...
by bligh
Thu May 03, 2018 6:32 pm
Forum: Investing - Theory, News & General
Topic: Retirees Never Had It Better
Replies: 31
Views: 5121

Re: Retirees Never Had It Better

The mean is meaningless with the kind of wealth distribution we have. The median, and the various percentiles (75th, 80th, 90th, etc.) are what should be discussed.
by bligh
Thu May 03, 2018 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: Swollen Emergency Fund....What now?
Replies: 43
Views: 3289

Re: Swollen Emergency Fund....What now?

Do you have any debt you could pay down/eliminate? Car loan, home mortgage, etc.? With a kid on the way, if I were you, I'd let my emergency fund swell a little past 6 months without bothering to do anything special. Kids come with higher expenses, disrupted incomes and more financial responsibility...
by bligh
Mon Apr 30, 2018 5:10 pm
Forum: Personal Consumer Issues
Topic: Avocado Timing
Replies: 40
Views: 3035

Re: Avocado Timing

I am no avocado timing expert, but in general I find that if I get a sack of them from Costco, they start to ripen (soften) pretty reliably about 3-4 days after I get them home. We refrigerate them after they have ripened to give us a few days to consume them.
by bligh
Fri Apr 27, 2018 1:00 am
Forum: Personal Consumer Issues
Topic: Amazon to raise Prime membership in US to $119 from $99
Replies: 145
Views: 11088

Re: Amazon to raise Prime membership in US to $119 from $99

I had considered dropping Amazon Prime a late last year and decided against it. The main thing that swayed my decision was the 5% cash back credit card I use to make all my purchases. Without Amazon Prime the cash back drops down to 3%. In effect, if you spend $5,000 ($6,000 for the new Annual price...
by bligh
Wed Apr 25, 2018 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: 'mini retirement' then back to work - how to allocate?
Replies: 21
Views: 980

Re: 'mini retirement' then back to work - how to allocate?

Depends on the size of your portfolio relative to your expected expenses, but I would consider holding the 5-7 years of expenses in bonds and the rest in stocks. If there is a big market downturn during those 5-7 years I would prefer not to be selling equities to pay my bills if I can avoid it.
by bligh
Wed Apr 25, 2018 11:43 am
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 139
Views: 24597

Re: Muni Money Market funds starting to look good!

If you cannot tolerate even a little NAV instability, I definitely wouldn't recommend it. The issue isn't ability to tolerate NAV instability, the issue is that your definition of cash or short-term reserves is way off the mark (Vanguard only classifies money market funds as short-term reserves). I...
by bligh
Wed Apr 25, 2018 10:37 am
Forum: Investing - Help with Personal Investments
Topic: I Bonds now or wait until May?
Replies: 10
Views: 786

Re: I Bonds now or wait until May?

I would absolutely, positively wait until May 1. No question whatsoever. There is every likelihood that the fixed rate will increase slightly, and even 0.2% long-term would mean far more than snagging 6 months of the higher variable rate (especially since you're only delaying the drop from 2.5% to ...
by bligh
Tue Apr 24, 2018 7:16 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 139
Views: 24597

Re: Muni Money Market funds starting to look good!

The place I am currently parking my Cash reserves is VMLUX (Limited term tax exempt).. there is hardly any NAV movement and the current yield (2.06%). Finally I can once again hold liquid cash that keeps up with inflation!* Thanks for the VMLUX tip. I think it's a better yield for CA investors than...
by bligh
Tue Apr 24, 2018 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Charles Schwab international ATM (worth the hard credit pull)
Replies: 25
Views: 1824

Re: Charles Schwab international ATM (worth the hard credit pull)

The Schwab and Fidelity Checking accounts are excellent for frequent travelers. One additional benefit is the linked brokerage account. I keep some money invested in the usual US/International Total stock market ETFS using the no transaction fee ETFs of each of the brokerages. One of the benefits o...
by bligh
Tue Apr 24, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Charles Schwab international ATM (worth the hard credit pull)
Replies: 25
Views: 1824

Re: Charles Schwab international ATM (worth the hard credit pull)

The Schwab and Fidelity Checking accounts are excellent for frequent travelers. One additional benefit is the linked brokerage account. I keep some money invested in the usual US/International Total stock market ETFS using the no transaction fee ETFs of each of the brokerages. One of the benefits of...
by bligh
Tue Apr 24, 2018 12:14 pm
Forum: Investing - Theory, News & General
Topic: Fun Money
Replies: 45
Views: 3059

Re: Fun Money

I see the value of fun money. It allows you to work around any behavioral issues you may have. I instinctively want to market time, so I can see how some fun money could act as a release valve that would stop me from doing dumb things with my portfolio. I would get the feeling that I have "done some...
by bligh
Tue Apr 24, 2018 11:10 am
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 139
Views: 24597

Re: Muni Money Market funds starting to look good!

Is the quarter end bump still going on? I took a look at the muni money market funds and the SEC yields are superb (compared to Savings accounts if you are in a higher tax bracket of course).. VMSXX (Muni Money Market) - 1.54% VCTXX (CA Muni Money Market) - 1.46% VYFXX (NY Muni Money Market) - 1.53%...
by bligh
Thu Apr 19, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: “The Smell of Retiree Mon$y...”
Replies: 57
Views: 8570

Re: “The Smell of Retiree Mon$y...”

Personally, If anyone put me in a position where I was even considering threatening to disinherit them, i would disinherit them without any threats or warnings.