Search found 727 matches

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: 2639

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: 315
Views: 30929

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: 8422

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: 2639

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: 4614

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: 4614

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: 3100

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: 4614

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: 1494

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: 2992

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: 7973

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: 5022

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: 5022

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: 3188

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: 2946

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: 10778

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: 964

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: 24010

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: 751

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: 24010

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: 1723

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: 1723

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: 2964

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: 24010

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: 8391

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: 1402

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: 4523

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: 657

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: 198
Views: 15390

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: 2449

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: 10419

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: 8846

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: 1929

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: 66
Views: 7487

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: 66
Views: 7487

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: 8846

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: 5292

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: 2979

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: 2979

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: 6550
Views: 1405922

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: 139
Views: 24010

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: 6550
Views: 1405922

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: 6550
Views: 1405922

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: 9378

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: 9378

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: 18733

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: 17848

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: 6550
Views: 1405922

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: 7289

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: 5186

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...