Search found 703 matches

by bligh
Thu Apr 19, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: “The Smell of Retiree Mon$y...”
Replies: 57
Views: 7491

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.
by bligh
Thu Apr 19, 2018 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Estimating Future College Costs
Replies: 18
Views: 1237

Re: Estimating Future College Costs

No one has a crystal ball on how much college will cost in 15 years. Add to that other complications - difference universities cost a different amount, your kids may or may not get varying levels of scholarships, they may or may not attend graduate school and so on. Here is what I am doing. I am loo...
by bligh
Thu Apr 19, 2018 12:16 pm
Forum: Personal Consumer Issues
Topic: Another discussion about private vs public schools?
Replies: 79
Views: 3927

Re: Another discussion about private vs public schools?

We're both PhDs. Education is very important to us and we plan on lots of enrichment when the little Nugget is home with us. Most school rankings data is bunk, and correlates very closely with household income levels. You are well-educated professionals, and your child will likely do fine in any ha...
by bligh
Wed Apr 18, 2018 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Investment question...
Replies: 10
Views: 536

Re: Investment question...

I would go take a look at immediateannuities.com and see what I would get if I took the $200K lump sum and then annualized it. Either with immediate payout or starting after 7 years. If the payout is greater than the option 2 you've been given, it is a no brainer to make the lump sum. I would be tem...
by bligh
Tue Apr 17, 2018 5:29 pm
Forum: Personal Consumer Issues
Topic: Is Los Angeles a good place long term to live financially?
Replies: 155
Views: 9467

Re: Is Los Angeles a good place long term to live financially?

GrayS26 wrote:
Tue Apr 17, 2018 3:55 pm
Is LA expensive?
Yes. Yes it most definitely is.
GrayS26 wrote:
Tue Apr 17, 2018 3:55 pm
And would pursuing my goals be worth the cost of living there and are the costs worth the quality of life I would have there?
Pursuing your goals is always worth the cost.

Good luck!
by bligh
Thu Apr 12, 2018 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: DINK High Income Earners - how to lessen the tax impact?
Replies: 25
Views: 2314

Re: DINK High Income Earners - how to lessen the tax impact?

again looked at the deferred compensation plan. sometimes called a defined benefit plan. this was the best option for high income business owners if they could qualify. +1 I would look into this. I believe you have to work with an actuary and so there is some expense associated with setting this up...
by bligh
Thu Apr 12, 2018 5:25 pm
Forum: Personal Consumer Issues
Topic: Mid-40s in tech - how to pass off as acceptably young
Replies: 111
Views: 9747

Re: Mid-40s in tech - how to pass off as acceptably young

They will know about how old you are. OP, don't try and be a fake 25 year old. Any *smart* interviewer will notice this and be put off. Be a grownup 40's guy that has the skills for the role, enjoys working with younger people and knows how to get the job done. +1 I agree with this sentiment. I wou...
by bligh
Tue Apr 10, 2018 3:31 pm
Forum: Personal Consumer Issues
Topic: Regrets of the frugal and dying?
Replies: 62
Views: 8598

Re: Regrets of the frugal and dying?

Whose responsibility is it to take care of your kids? Someone else's at top dollar or their own flesh and blood? So previous generations must have had it all wrong then? I'm definitely not talking about "frivolous hobbies" and bored housewives. I'm talking about a spouse staying home and taking car...
by bligh
Tue Apr 10, 2018 2:30 pm
Forum: Personal Consumer Issues
Topic: Atlantis Bahamas for myself with 2 kids?
Replies: 13
Views: 1811

Re: Atlantis Bahamas for myself with 2 kids?

We visited Atlantis Bahamas a couple of years ago. I definitely recommend it... Our family had a tremendous time. Yes the food is really expensive. If you want to save on food, there are a couple of cheaper options to eat in the Atlantis Marina. Also there is a small grocery store in the Paradise Sh...
by bligh
Tue Apr 10, 2018 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Series I Bonds in April/May 2018
Replies: 36
Views: 3533

Re: Series I Bonds in April/May 2018

When do the May 2018 rates get announced? I seem to remember that they are announced a few days in advance. I finally have the funds to make my I Bond Purchase for this year.. but I can obviously wait that one extra month an do it at the end of May if the fixed rate goes up to 0.2% or more (one can...
by bligh
Tue Apr 10, 2018 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Series I Bonds in April/May 2018
Replies: 36
Views: 3533

Re: Series I Bonds in April/May 2018

When do the May 2018 rates get announced? I seem to remember that they are announced a few days in advance. I finally have the funds to make my I Bond Purchase for this year.. but I can obviously wait that one extra month an do it at the end of May if the fixed rate goes up to 0.2% or more (one can ...
by bligh
Mon Apr 09, 2018 5:26 pm
Forum: Personal Consumer Issues
Topic: Regrets of the frugal and dying?
Replies: 62
Views: 8598

Re: Regrets of the frugal and dying?

I was friends with an elderly couple back in the 1980s. He was a professor of finance at the University of Chicago. They lived in a simple apartment near the University. I brought them lentil soup. They were gracious company. Anyway, I visited them often as he was dying of cancer. He died that year...
by bligh
Mon Apr 09, 2018 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone at Goldman Sachs/Marcus bank 1.5%?
Replies: 37
Views: 4619

Re: Anyone at Goldman Sachs/Marcus bank 1.5%?

Marcus is now at 1.6% We're gonna be RICH! :beer
by bligh
Thu Apr 05, 2018 4:22 pm
Forum: Investing - Theory, News & General
Topic: How Scalabale is the 3/4 Fund portfolio?
Replies: 38
Views: 2831

Re: How Scalabale is the 3/4 Fund portfolio?

willthrill81 wrote:
Thu Apr 05, 2018 4:03 pm
CurlyDave wrote:
Thu Apr 05, 2018 12:58 am
Some people say "once you have won, stop playing the game." I keep thinking "once you have won, set aside a reserve--then run up the score."
:thumbsup

When you "stop playing the game," you might start losing it.
+1

Our game only stops when we're dead.
by bligh
Wed Apr 04, 2018 4:25 pm
Forum: Investing - Theory, News & General
Topic: How Scalabale is the 3/4 Fund portfolio?
Replies: 38
Views: 2831

How Scalabale is the 3/4 Fund portfolio?

So I was wondering recently, how far could you scale (in terms of portfolio size) the 3 or 4 fund portfolio before you felt it was no longer the most sensible option? Let's imagine the standard 3 or 4 fund portfolio. Pick a sensible Asset allocation.. say 60/40 : 40% US Total Stock Market 20% Total ...
by bligh
Wed Apr 04, 2018 2:03 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6392
Views: 1371005

Re: U.S. stocks in freefall

Having the market bunny hop and go sideways for a few months/years is probably a good thing. It will allow corporate earnings to catch up to the valuations and possibly prevent a bigger sell off down the road. Kind of like earthquakes. A lot of little earthquakes is good news, because if you go too ...
by bligh
Tue Apr 03, 2018 2:23 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 111
Views: 18915

Re: Muni Money Market funds starting to look good!

After the high yields we saw in late December and early January, the CA fund yield dropped as low as 0.87% in mid-February, and at yields this low Prime MM was better for me. As discussed just upthread, it appears that you really have to pay attention, since the muni MM yields have been varying a l...
by bligh
Mon Apr 02, 2018 5:38 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6392
Views: 1371005

Re: U.S. stocks in freefall

Looks like the financial milestones thread is going to quiet for a bit....
by bligh
Mon Apr 02, 2018 10:18 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6392
Views: 1371005

Re: U.S. stocks in freefall

Am I the only one wondering if it is actually a good sign that the FANGTA (Facebook Apple Netflix Google Tesla Amazon) prices are falling and evening out a little? Those stocks were flying a lot higher than the rest of the market and it felt like this correction is helping bring things back into bal...
by bligh
Thu Mar 29, 2018 4:18 pm
Forum: Investing - Theory, News & General
Topic: What is the endgame for Millennials?
Replies: 128
Views: 8918

Re: What is the endgame for Millennials?

When fruit spread on bread is a sign of conspicuous consumption, you know things have gone downhill. The point is, if you were to just save the extra $6 you spent on that avocado toast every day. You would be able to set aside a $180 MORE each month! Assuming the current 3% rate of interest on long...
by bligh
Thu Mar 29, 2018 4:06 pm
Forum: Investing - Theory, News & General
Topic: What is the endgame for Millennials?
Replies: 128
Views: 8918

Re: What is the endgame for Millennials?

When fruit spread on bread is a sign of conspicuous consumption, you know things have gone downhill. The point is, if you were to just save the extra $6 you spent on that avocado toast every day. You would be able to set aside a $180 MORE each month! Assuming the current 3% rate of interest on long...
by bligh
Thu Mar 29, 2018 1:53 pm
Forum: Local Chapters and Bogleheads Community
Topic: A lot of heavy hitters this morning
Replies: 244
Views: 17107

Re: A lot of heavy hitters this morning

WCI, I'm sorry if you're offended by this, but whether you want to admit it or not $300k+ incomes are not common. Even on the post you cite, there were only 603 responses. There are over 70,000 registered users on this site. The majority of people who are regular posters and contributors are the mo...
by bligh
Mon Mar 26, 2018 7:18 pm
Forum: Investing - Theory, News & General
Topic: Are we missing recession /bear market beginning
Replies: 174
Views: 17257

Re: Are we missing recession /bear market beginning

As I mentioned before , I was originally at 65:35 and then Increased to 75:25 over last few months . However , the drop in the market last week made me realize I am happier at 65:35 as I did not like the >$15000 drop in my portfolio last week . Now I am planning to inch my way back whenever Market ...
by bligh
Mon Mar 26, 2018 2:27 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6392
Views: 1371005

Re: U.S. stocks in freefall

It seems like there is a pattern of RBD's that usually fall on a Friday when the month or quarter end coincides that day/weekend. Will this Friday be any different? I have certainly not read all of the RBD literature, but I believe by definition a Friday can't be one. I disagree. Most layoffs are i...
by bligh
Fri Mar 16, 2018 11:07 am
Forum: Personal Finance (Not Investing)
Topic: How does everyone here earn so much?
Replies: 131
Views: 7038

Re: How does everyone here earn so much?

Here's my fun attempt to graphically represent my hypothesis. https://preview.ibb.co/gCxiHx/venn_bogleheads.png I think that is pretty accurate except for the HCOL set. I have seen a fair number of posts on here by people who are obviously in a LCOL area. That Venn diagram makes it seem like there ...
by bligh
Wed Mar 14, 2018 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: What address do people put if they live in their car?
Replies: 37
Views: 5116

Re: What address do people put if they live in their car?

https://travelingmailbox.com/addresses This is a very common issue for those that live a nomadic lifestyle. There are many other service providers. Think of yourself as a stationary nomad. Best of luck and I hope you save yourself a ton of time and money pursuing your goals. I respect such badassity...
by bligh
Mon Mar 12, 2018 3:42 pm
Forum: Personal Consumer Issues
Topic: traveling to mexico, should I be concerned?
Replies: 107
Views: 8522

Re: traveling to mexico, should I be concerned?

The warning site on the state dept page lists several level 4 states and says do not travel there because of the crime. But Quintana Roo is at level 2, as is Mexico in general, and by the way, most of the major tourist areas of Europe. +1. Thanks for pointing that out. The travel advisory just asks...
by bligh
Mon Mar 12, 2018 2:18 pm
Forum: Personal Consumer Issues
Topic: traveling to mexico, should I be concerned?
Replies: 107
Views: 8522

Re: traveling to mexico, should I be concerned?

Yes. We are concerned too. We booked a non-refundable trip to Playa Del Carmen for May of this year. We are still planning on going there but have modified our plans to stick to the resort, the tourist areas (5th Avenue) and beaches. If we decide to do a trip we'll use an organized tour operator ins...
by bligh
Mon Mar 12, 2018 9:55 am
Forum: Investing - Help with Personal Investments
Topic: Amount saved by age
Replies: 58
Views: 8210

Re: Amount saved by age

No one I know ever lamented “they had too much money in savings and investments”. Many people lament they didn't spend the money do things or to splurge when they were young and able to enjoy them. Traveling particularly, but many other things like fun cars, nicer food and whatnot. You only live on...
by bligh
Fri Mar 09, 2018 3:11 pm
Forum: Investing - Theory, News & General
Topic: Why International again?
Replies: 124
Views: 11720

Re: Why International again?

I think the distinction between US company and International is arbitrary. To a UK investor the US is International investing. Would you tell a resident of the UK to only invest in US stocks? Would you tell that resident to only invest in UK stocks? Dont find the needle in the haystack, but the hays...
by bligh
Thu Mar 08, 2018 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Tracking multiple savings goals in one account
Replies: 13
Views: 778

Re: Tracking multiple savings goals in one account

It is as simple as tracking it in a spreadsheet. Apply the interest income to whatever bucket you want the interest going toward. Put in a row for each goal. The sum of the rows should equal the balance in the account. Assuming you have 11,264.24 in your account. Break it down as follows. Vacation f...
by bligh
Thu Mar 08, 2018 10:56 am
Forum: Personal Consumer Issues
Topic: Is near FI + Employment almost as good as Retirement?
Replies: 39
Views: 4368

Re: Is near FI + Employment almost as good as Retirement?

It is, if that is what you want to be doing with your time. Once you are FI, you are in a position to do what you want. If you enjoy your job enough, and don't really have anything else you'd rather be doing, then why not keep working? I intend to keep working (if I am able to) long past FI. But I r...
by bligh
Tue Mar 06, 2018 6:53 pm
Forum: Investing - Theory, News & General
Topic: Crypto Index Fund
Replies: 26
Views: 2113

Crypto Index Fund

Coinbase just launched both a new Crypto Index (Coinbase Index) and a Crypto fund that follows that index. It is market cap weighted. https://blog.coinbase.com/announcing-coinbase-index-fund-3925fbf548db Looks like there is a 2% annual management fee with a $10K minimum. You have to be an accredited...
by bligh
Mon Mar 05, 2018 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting: Is "saving" for future large expenses classified as savings?
Replies: 35
Views: 1519

Re: Budgeting: Is "saving" for future large expenses classified as savings?

Saving for a large future expense is indeed classified as saving. You are SAVING for a large expense. A car is one such large expense. As is a house or a vacation. As is retirement. Retirement & old age are just other big expenses you saving for. Personally, I don't care about my savings rate, only ...
by bligh
Fri Mar 02, 2018 1:31 pm
Forum: Investing - Theory, News & General
Topic: Goodbye Emergency Fund (sorta)
Replies: 34
Views: 3946

Re: Goodbye Emergency Fund (sorta)

Each person's risk profile is likely to be unique. The stability of your job, your expenses, your financial responsibilities, the size of your portoflio (taxable or not), your risk tolerance and so on. There is no doubt that you are way better off than most 27 year olds just by being debt free, maxi...
by bligh
Thu Mar 01, 2018 2:55 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6392
Views: 1371005

Re: U.S. stocks in freefall

“The great aluminum meltdown of 2018 ... ah, I remember it well “ - 30 years from now rraayy3 It is more likely they are more worried about retaliatory tariffs that will ignite trade wars. So what they are more worried about is : "The great trade wars of 2018 and the break down in global trade... a...
by bligh
Thu Mar 01, 2018 2:04 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6392
Views: 1371005

Re: U.S. stocks in freefall

Here we go again...
by bligh
Wed Feb 28, 2018 5:19 pm
Forum: Personal Consumer Issues
Topic: Move to Orange County
Replies: 50
Views: 4047

Re: Move to Orange County

No kids so schools don’t matter We do want a very safe area. Office should be Irvine or south. Not sure yet. Orange County has great schools in general. Also the price of housing within it is coupled to the various school districts. You can easily see six figure differences in house prices that are...
by bligh
Wed Feb 28, 2018 4:50 pm
Forum: Investing - Theory, News & General
Topic: Outward signs of a private company failing
Replies: 20
Views: 1208

Re: Outward signs of a private company failing

Please, let's focus on the question at hand. What are the external signs of a failing private company? They stop hiring. They are much more aggressive trying to collect on AR's. They say things like "it'll be ok once our funding cycle closes" If you are an employee, they cut your salary "temporaril...
by bligh
Wed Feb 28, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: How much cash do you keep at any time on checking?
Replies: 146
Views: 9214

Re: How much cash do you keep at any time on checking?

In my primary checking I try to keep my balance between $5K and $12K.

I also keep another $6K-$8K across other checking accounts just in case.
by bligh
Tue Feb 27, 2018 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: how to draw down taxable retirement acct...?
Replies: 20
Views: 1551

Re: how to draw down taxable retirement acct...?

In addition to no longer re-investing dividends, depending on your income level in retirement (social security, pensions, RMDs, etc.) you could start your plan by selling your highest capital gains (in any of those investments) lots up to where you pay no capital gains tax. Then tune the lots you ar...
by bligh
Sun Feb 25, 2018 11:08 pm
Forum: Investing - Help with Personal Investments
Topic: Should I bite the bullet and invest in this market?
Replies: 86
Views: 9324

Re: Should I bite the bullet and invest in this market?

Given your caution, you may want to consider investing a set amount over time. +1 If I had that amount I would DCA over 2years or so. I would not go pure stocks either but also acquire bonds. I am with Dottie57 on this one. I just don't get why so many seem to love and support DCA. It just doesn't ...
by bligh
Sun Feb 25, 2018 2:31 pm
Forum: Personal Consumer Issues
Topic: Audio Recording
Replies: 10
Views: 590

Re: Audio Recording

Does your daughter own a smartphone? If so, she could try using it as the recording device. I am sure there are decent third party apps for it but I find the voice memo app built into my iPhone to be up to the job. On occasion I have used the audio recording feature of my smartphone in meetings in l...
by bligh
Fri Feb 23, 2018 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Defining "House Poor"
Replies: 299
Views: 16510

Re: Defining "House Poor"

You're house poor if the financial obligation that comes with owning or renting a house gives you significant financial stress. This financial stress could be as obvious as you staying awake at night because you are worried about the next payment But also as little as you having to significantly cur...
by bligh
Thu Feb 22, 2018 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Do you rent even if you can afford to buy?
Replies: 82
Views: 8982

Re: Do you rent even if you can afford to buy?

We rent a nice place for our family in VHCOL area. The kind of place we could see ourselves buying. If we wanted to, I believe we could quite easily afford a more expensive place than this. We still choose to rent instead of buying. Mostly because we don't have a strong desire to own. There is no qu...
by bligh
Mon Feb 19, 2018 3:32 pm
Forum: Investing - Theory, News & General
Topic: Chillin' in the BH Lounge
Replies: 46
Views: 5486

Re: Chillin' in the BH Lounge

Roses are red,
Violets are blue,
Vanguard rocks,
but Fidelity is okay too.
by bligh
Sun Feb 18, 2018 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Sell me on the benefits of an emergency fund
Replies: 119
Views: 7257

Re: Sell me on the benefits of an emergency fund

I have made several posts on this forum pointing out that I think "Emergency fund" is a poor label given to "Cash Reserves". In a true emergency, your entire net worth becomes your "emergency fund". I am not going to have my family live under a bridge while I have seven figures sitting in an IRA, be...
by bligh
Thu Feb 15, 2018 2:14 pm
Forum: Personal Consumer Issues
Topic: PSA: Bank of America now charges $12/month for checking
Replies: 103
Views: 7099

Re: PSA: Bank of America now charges $12/month for checking

I'm a little surprised at the tolerance of bank fees here for a group that often complains about a single basis point in investment fees. $144/year for a checking account is robbery. I have an account at my local credit union where I typically have less than $10 which is 100% free. Most of my banki...
by bligh
Thu Feb 15, 2018 2:03 pm
Forum: Personal Consumer Issues
Topic: PSA: Bank of America now charges $12/month for checking
Replies: 103
Views: 7099

Re: PSA: Bank of America now charges $12/month for checking

Funnily, I have had nothing but good experience from Wells Fargo customer service. Indeed. Instead of charging you fees for accounts you're not using, they will go ahead and open new ones for you, all without bothering you for trifling things like consent or permission. :sharebeer For sure. However...
by bligh
Thu Feb 15, 2018 1:37 pm
Forum: Personal Consumer Issues
Topic: PSA: Bank of America now charges $12/month for checking
Replies: 103
Views: 7099

Re: PSA: Bank of America now charges $12/month for checking

I hate BofA customer service. I was with them for a few years, and closed my account with them several years ago. I just re-opened an account with them late last year to take advantage of the preferred rewards benefits. I try to stick with Merrill Edge website/customer service as much as possible an...