Search found 760 matches

by bligh
Fri Jul 13, 2018 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Would you trade experiences in your youth for early retirement
Replies: 81
Views: 5148

Re: Would you trade experiences in your youth for early retirement

There are many variables there though. I am going to venture against the general sentiment of this thread.. 1) How much do you enjoy your job? You are likely able to keep pulling OMY because you have a high degree of control over your work environment and thus are able to make it satisfactory to you...
by bligh
Fri Jul 13, 2018 8:29 am
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 9445

Re: When does frugal cross the line to cheapskate?

Rupert wrote:
Fri Jul 13, 2018 7:15 am
I define a cheapskate as someone who frequently takes advantage of the generosity of others but never reciprocates.
+1 .. I think this sums it up nicely.
by bligh
Wed Jun 27, 2018 1:54 pm
Forum: Investing - Theory, News & General
Topic: Emerging Markets in Bear Territory
Replies: 52
Views: 7129

Emerging Markets in Bear Territory

Did anyone else notice that VWO (Emerging Market ETF) is down almost 20% from its peak? I am not sure how much further it has to fall, but I have to say that so far I have been pleasantly surprised with my willingness to stay the course. I will be rebalancing with new money next month so hopefully t...
by bligh
Wed Jun 27, 2018 10:57 am
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 161
Views: 14718

Re: Did you celebrate when you finally hit $1m?

international001 wrote:
Tue Jun 26, 2018 5:47 pm
I think the engineers in the thread would be more happy to celebrate the first $1024k*1024k
I say we call it hitting 1 Megadollar.
by bligh
Tue Jun 26, 2018 10:32 am
Forum: Personal Consumer Issues
Topic: Family dynamics/in laws/am I being petty?
Replies: 143
Views: 7107

Re: Family dynamics/in laws/am I being petty?

In the past where I've been in a similar situation with friends I have grumbled to my wife and let it go. If they are close friends or family I don't mind much at all, but it bugs me with extended friends.. It is just one of those social customs... The idea behind it is that you are with a group of ...
by bligh
Mon Jun 25, 2018 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Career Burn Out: Should I quit high paying job and take a sabbatical?
Replies: 55
Views: 6584

Re: Career Burn Out: Should I quit high paying job and take a sabbatical?

Ask yourself, What kind of person are you? If you are enterprising, hard working and intelligent, you will land on your feet. You may have a few hundred K more or less when you retire, you may drive a civic or drive an Audi.. are these variances big to you, or small to you? Is an extra 1000 sq ft of...
by bligh
Thu Jun 21, 2018 2:23 pm
Forum: Personal Consumer Issues
Topic: 3 nights in Vegas
Replies: 49
Views: 3312

Re: 3 nights in Vegas

I plan to go to Vegas with my wife on July 1st - reaching late night and starting back on 4th night 10 PM. So about 3 night and 3 days. What can I do in this time frame to best utilize my time? Do I need a car in Vegas or public transport is best way? Thank you in advance!! Are you staying on the s...
by bligh
Thu Jun 21, 2018 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Feel like I'm sinking money into international
Replies: 100
Views: 10777

Re: Feel like I'm sinking money into international

This is performance chasing. I am 50% international with a tilt to Emerging Markets. I am not liking the returns this year, but I was feeling really smart about it last year. :happy Think in 20 year time frames and ignore the noise. If I do lower my international holdings I would do it because my ou...
by bligh
Wed Jun 20, 2018 7:21 pm
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge best choice for higher net worth accounts?
Replies: 60
Views: 8576

Re: Merrill Edge best choice for higher net worth accounts?

JBTX wrote:
Wed Jun 20, 2018 6:49 pm

So is it a contribution or not?
dodecahedron wrote:
Thu Jan 18, 2018 1:39 am


No, the Merrill Edge bonus for transferring over a Roth IRA goes into the Roth IRA (six months after the funds arrive) but is not considered a contribution. It is considered earnings or growth within the Roth. So it does expand your Roth-space somewhat.
by bligh
Wed Jun 20, 2018 6:59 pm
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge best choice for higher net worth accounts?
Replies: 60
Views: 8576

Re: Merrill Edge best choice for higher net worth accounts?

I moved an account over to Merrill Edge to take advantage of their preferred rewards program. The credit card bonus was my primary motivation. Just passed 6months with them in fact. The Merrill Edge side of the customer service divide is ok, (not good, not bad.. just average).. the BofA side makes m...
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: 6994

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: 4739

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: 6994

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: 3944

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: 6994

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: 2574

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: 7260

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: 7260

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: 37598

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: 13682

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: 4465

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: 2649

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: 4928

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: 899

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: 4465

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: 6916

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: 4739

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: 4739

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: 6164

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: 8798

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: 10744

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: 10744

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: 4355

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: 3030

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: 424
Views: 41244

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: 8641

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: 3030

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: 5057

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: 5057

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: 3416

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: 5057

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: 1691

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: 3133

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: 8467

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: 5184

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: 5184

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: 3383

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: 3113

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: 11527

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: 1029

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.