Search found 935 matches

by bligh
Thu Jan 17, 2019 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a house in the Bay area or give up?
Replies: 55
Views: 2702

Re: Should I buy a house in the Bay area or give up?

Why do you want to buy a house? I'm scared that house prices in the Bay area will keep rising and be out of my reach forever. So my thought is lock in a house now or in the near future to avoid being priced out forever If you are making more, and saving more, than say 90% of the people in the Bay A...
by bligh
Thu Jan 17, 2019 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a house in the Bay area or give up?
Replies: 55
Views: 2702

Re: Should I buy a house in the Bay area or give up?

Why do you want to buy a house? I'm scared that house prices in the Bay area will keep rising and be out of my reach forever. So my thought is lock in a house now or in the near future to avoid being priced out forever If you are making more, and saving more, than say 90% of the people in the Bay A...
by bligh
Thu Jan 17, 2019 4:20 pm
Forum: Personal Consumer Issues
Topic: Strategies to combat or justify lifestyle creep
Replies: 71
Views: 5418

Re: Strategies to combat or justify lifestyle creep

Hi All. OP Here, I just wanted to update you on how it went down in the end for us. First of all, thank you so much for your advice, input and comments. So in the end, I realized that what had happened was that we were no longer happy with our simple "sensible" car. I was not prepared to spend $50K ...
by bligh
Thu Jan 17, 2019 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a house in the Bay area or give up?
Replies: 55
Views: 2702

Re: Should I buy a house in the Bay area or give up?

I wouldn't say you should "give up" but rather, if it is important to you, you should save towards it as a goal. At 30 you are still young. Nothing prevents you from buying a house 10 years from now? Or perhaps changing your mind. At your current income and financial position, yes, you shouldn't buy...
by bligh
Thu Jan 17, 2019 12:06 pm
Forum: Personal Consumer Issues
Topic: Anyone with experience with Carmax?
Replies: 74
Views: 23420

Re: Anyone with experience with Carmax?

Another +1 for CarMax. Have bought cars from them and sold cars to them. Always had an excellent experience. I love the no haggle approach. What you see is what you get. I have also purchased a luxury used car ($40K+). Driven it home (~50 miles away), had buyers remorse, and returned it to Carmax th...
by bligh
Wed Jan 16, 2019 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Have I Now Become Out of Touch Financially? Aging question...
Replies: 62
Views: 6470

Re: Have I Now Become Out of Touch Financially? Aging question...

As a fellow SoCal resident, I agree with the consensus on this thread. It is this area that is out of touch. I see so many Tesla Model S and Xs everywhere I look. I could swear that it was rare to see 80-$100k+ vehicles. Enough that I would actually notice the vehicle. Now they are so plentiful I've...
by bligh
Wed Jan 16, 2019 5:28 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 791
Views: 37356

Re: John Bogle is dead at 89

Rest in Peace Mr. Bogle. My sincere condolences to his Family.
by bligh
Wed Jan 16, 2019 2:33 pm
Forum: Personal Consumer Issues
Topic: Any good reason to get a smartwatch?
Replies: 82
Views: 2978

Re: Any good reason to get a smartwatch?

I have the same opinion about the various Echo devices. I haven't got them and dont feel the need to do so. However, they have their utility if you are into home automation. You can tie the Echo device to various functions like setting the thermostat, turning lights out etc. This can end up being pr...
by bligh
Tue Jan 15, 2019 11:14 pm
Forum: Personal Consumer Issues
Topic: Are You Dumping Netflix?
Replies: 164
Views: 8635

Re: Are You Dumping Netflix?

Keeping Netflix, but dropping Amazon prime instead. The content on Netflix is just so much better than what is available on amazon prime video.
by bligh
Sun Jan 13, 2019 12:56 am
Forum: Personal Consumer Issues
Topic: MMORPG games
Replies: 58
Views: 4205

Re: MMORPG games

Given that this is the Bogleheads forum, I'm really surprised that the thread isn't full of EVE Online players! I used to play Eve more or less around the clock. Mining space rocks and building spaceships (and lots of guns and ammo!) was my thing. Can I have your stuff? 😂 Good to see another EVE On...
by bligh
Sun Jan 06, 2019 6:47 pm
Forum: Personal Consumer Issues
Topic: Strategies to combat or justify lifestyle creep
Replies: 71
Views: 5418

Re: Strategies to combat or justify lifestyle creep

Anyway, it isn't just about the specific car. I am trying to wrap my brain around any similar large purchase where your heart REALLY wants to spend the money while your brain REALLY wants to keep and invest it. Thing is, outside of upgrading a home or car, what "splurge" is going to cost you $50k ?...
by bligh
Sun Jan 06, 2019 6:36 pm
Forum: Personal Consumer Issues
Topic: Strategies to combat or justify lifestyle creep
Replies: 71
Views: 5418

Re: Strategies to combat or justify lifestyle creep

Thank you all for your really helpful input. I read the thread over multiple times as I bounced around the decision in my head. For the curious, my plan right now is simply to postpone the decision. I will still plan to get a Tesla at some point, but since my current car is fine and I have already t...
by bligh
Sun Jan 06, 2019 6:08 pm
Forum: Personal Consumer Issues
Topic: Strategies to combat or justify lifestyle creep
Replies: 71
Views: 5418

Re: Strategies to combat or justify lifestyle creep

One thing to consider is what impact does it have on DW and kids. If you splurge on car, will DW want to splurge on something else? Will the expenditure be viewed as a one off, or does it tell the family "we've made it" and increase everybody else's expectations too? I am under no illusions about t...
by bligh
Sat Jan 05, 2019 6:38 pm
Forum: Personal Consumer Issues
Topic: Strategies to combat or justify lifestyle creep
Replies: 71
Views: 5418

Re: Strategies to combat or justify lifestyle creep

Well, the Tesla will save you hella $s on gas, and gas is more expensive in California than most places... And, in addition to being cool and enjoying the beautiful driving experience, you will not be adding to our pollution. Having said that, I will say that earlier this year I bought a $40,000 hy...
by bligh
Sat Jan 05, 2019 6:30 pm
Forum: Personal Consumer Issues
Topic: Strategies to combat or justify lifestyle creep
Replies: 71
Views: 5418

Re: Strategies to combat or justify lifestyle creep

Dude just buy the Tesla. Money is for buying stuff. Either now or later. Which one you pick is totally up to you. Just be mindful that the one thing you can’t buy is more time on this earth. The thing is, the implication behind your last sentence is one think that reveals your first two sentences t...
by bligh
Sat Jan 05, 2019 5:43 pm
Forum: Investing - Theory, News & General
Topic: The next 20 years for stocks should be a lot better..
Replies: 10
Views: 2572

The next 20 years for stocks should be a lot better..

Came across this very bullish article, thought I'd share and see what you guys thought of it.

https://www.barrons.com/articles/its-be ... 1546648966
by bligh
Sat Jan 05, 2019 5:18 pm
Forum: Personal Consumer Issues
Topic: Strategies to combat or justify lifestyle creep
Replies: 71
Views: 5418

Re: Strategies to combat or justify lifestyle creep

I'm kind of laughing because the Tesla is mostly being compared to a 2013 $22K car and not to another 2019 model perhaps costing only $35K and not $50K. My BIL has a couple of Teslas and is always an early adopter. The coolest thing when I drove an X on a road trip was all the other cars pulling up...
by bligh
Sat Jan 05, 2019 4:53 pm
Forum: Personal Consumer Issues
Topic: Strategies to combat or justify lifestyle creep
Replies: 71
Views: 5418

Re: Strategies to combat or justify lifestyle creep

...the problem is hedonic adaptation... That supercool feeling you had when driving your friends Tesla or using your friends iPhone goes out the window real quick (of course, buyers remorse will prevent most people from being honest in this), then it becomes a normal car for transportation (plus so...
by bligh
Sat Jan 05, 2019 2:11 pm
Forum: Personal Consumer Issues
Topic: Strategies to combat or justify lifestyle creep
Replies: 71
Views: 5418

Strategies to combat or justify lifestyle creep

To give some context to the question, financial Independence is a very high priority goal of mine. To reach that objective, I am pulling on both the annual expenses and the portfolio size levers. Now I anticipated that as our portfolio and our wealth increased, the temptation to increase expenses wo...
by bligh
Wed Jan 02, 2019 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 714
Views: 92090

Re: How much money do you want to retire?

How much money I want to retire is a function of my age. At 60 I'd do it with $2 million in todays dollars. At my current age (late 30s) I would need about twice that amount to pull the plug. My current plan is to retire around 50-55 with ~$3 million. Based on that, it looks like each decade of reti...
by bligh
Fri Dec 28, 2018 6:26 pm
Forum: Local Chapters and Bogleheads Community
Topic: My favorite Boglehead posters
Replies: 142
Views: 8067

Re: My favorite Boglehead posters

bligh

By far one of the more insightful posters. Good looking and humble too.
by bligh
Mon Dec 24, 2018 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: I believe I underestimated my risk tolerance
Replies: 35
Views: 4713

Re: I believe I underestimated my risk tolerance

I might be in a similar position to you, though I have 20% in bonds. I am fighting the temptation to drop my bond allocation by 5 or 10% and buy in. So far I am holding out, but I am telling myself that if the market falls another 10% from here, I will give in and drop the bond allocation by 5% or s...
by bligh
Fri Dec 21, 2018 3:49 pm
Forum: Investing - Theory, News & General
Topic: S&P 500 is only one bad day away from being in a bear market
Replies: 7
Views: 1534

S&P 500 is only one bad day away from being in a bear market

I think at this point we're way past a correction. Almost certainly going to go into bear next week. S&P 500 peak was 2930.75 on September 20, 2018. Current S&P 500 is 2416.92 .. Though market still has 15 more minutes left before close. ie. Down about 17.5%. So far I have been pleasantly surprised ...
by bligh
Thu Dec 06, 2018 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: 20M Inheritance - What is best option for small/no risk on principal?
Replies: 93
Views: 12065

Re: 20M Inheritance - What is best option for small/no risk on principle?

The safest way I can think of to hold that kind of money is to buy and hold 5 year TIPS directly. The only way you lose principle is in the case of deflation. You are guaranteed your 1% real yield and it is lower risk than CDs (unless you are planning on opening 80 separate CDs to stay under the FDI...
by bligh
Thu Dec 06, 2018 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Housing values may fall as baby boomers die off or sell off, two studies say
Replies: 21
Views: 2494

Re: Housing values may fall as baby boomers die off or sell off, two studies say

I think inter-generational differences are almost always overblown. This isn't "boomers vs. millenials". People are still people. However, you have to account for the different socio-economic climate in which these generations exist. When purchase decisions between generations are compared, the cla...
by bligh
Wed Nov 28, 2018 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Help me understand secondary market for treasuries
Replies: 10
Views: 946

Re: Help me understand secondary market for treasuries

So, then is there a reason _not_ to buy treasuries on the secondary market to take advantage of the better yields (provided one can meet the minimums)? Are there any "gotchas" that explain the higher yields you get versus buying direct? Besides trading costs, you may need to check whether the Treas...
by bligh
Wed Nov 28, 2018 12:12 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 553
Views: 60511

Re: U.S. stocks continue to soar!

I'll take responsibility for the the market rally today. I placed buy orders for some mutual funds with a bunch of new money earlier today. Was keeping my fingers crossed that the market would go down a little. Of course now it will do the opposite. Should've used ETFS! :oops: Tomorrow will be a big...
by bligh
Wed Nov 21, 2018 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: Help me understand secondary market for treasuries
Replies: 10
Views: 946

Re: Help me understand secondary market for treasuries

Thanks FactualFran that does clarify the tax handling! The bond premium being subtracted from the interest makes sense. I am going to read up pub 550 on the IRS website that Grt2bOutddors (Thanks!) linked to, but my guess is the zero coupon bond will be handled similarly, as in the gain in value wil...
by bligh
Wed Nov 21, 2018 1:42 pm
Forum: Investing - Help with Personal Investments
Topic: Help me understand secondary market for treasuries
Replies: 10
Views: 946

Help me understand secondary market for treasuries

I am looking at the daily yield curve chart on treasury.gov and I see the yield on 1 year treasuries is 2.67%. I then used the Treasury Bond search tool to see the options on the secondary market on Fidelity and see that there are a number of options ranging in effective yield of 2.67% to 2.75%. Wha...
by bligh
Mon Nov 19, 2018 12:20 pm
Forum: Investing - Theory, News & General
Topic: Treating I-Bonds as Long-term Bond Holdings
Replies: 30
Views: 4700

Re: Treating I-Bonds as Long-term Bond Holdings

There is no question I love my I-Bonds. With the 0.5% fixed rate they are even better and I look forward to buying more in Jan. I wonder what the changes are of a 0.7 or higher fixed rate in March or November of next year. Perhaps it makes sense for me to wait till March to see what the new rate is...
by bligh
Mon Nov 19, 2018 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Millennial behind - but still have time to [catch up]
Replies: 20
Views: 2246

Re: Millennial behind - but still have time to ketchup

My personal opinion is that among millennials, the rise of the FIRE movement, Tiny house movement and minimalist movements are all reactions to these financial headwinds.
by bligh
Thu Nov 15, 2018 12:24 pm
Forum: Investing - Theory, News & General
Topic: Treating I-Bonds as Long-term Bond Holdings
Replies: 30
Views: 4700

Re: Treating I-Bonds as Long-term Bond Holdings

There is no question I love my I-Bonds. With the 0.5% fixed rate they are even better and I look forward to buying more in Jan. I wonder what the changes are of a 0.7 or higher fixed rate in March or November of next year. Perhaps it makes sense for me to wait till March to see what the new rate is ...
by bligh
Thu Nov 08, 2018 12:02 pm
Forum: Personal Consumer Issues
Topic: Favorite "free stuff"?
Replies: 137
Views: 10986

Re: Favorite "free stuff"?

Google's Search engine & Gmail.

Yes I realize I am the product with those.. but it isn't like there is a good paid alternative that is equal in quality.
by bligh
Wed Nov 07, 2018 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Max out 529?
Replies: 9
Views: 866

Re: Max out 529?

Gotcha. Would it be taxed as Long-term gains income or Short-term gains? It would be at your marginal income tax rate. Not capital gains (long or short) tax rate. You sound like you are in a high income tax bracket. If you do have excess money in a 529 plan after your kids are done with college, I ...
by bligh
Wed Nov 07, 2018 3:22 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 553
Views: 60511

Re: U.S. stocks continue to soar!

It's days like today that I wish I wasn't holding international at market weight! :D

Go USA! :sharebeer
by bligh
Tue Nov 06, 2018 3:49 pm
Forum: Personal Consumer Issues
Topic: organizations that help sea animals
Replies: 11
Views: 783

Re: organizations that help sea animals

I've been a supporter of the Ocean Cleanup project since the early days. Cleaning up the mess we've made absolutely helps marine life. https://www.theoceancleanup.com/ It is definitely a moonshot type of project but they recently launched their first cleanup system. Hopefully it works great and they...
by bligh
Tue Nov 06, 2018 2:26 pm
Forum: Personal Consumer Issues
Topic: Tips on alleviating caffeine withdrawal symptoms?
Replies: 18
Views: 1270

Re: Tips on alleviating caffeine withdrawal symptoms?

I drink 1-2 cups of coffee a day and enjoy it very much. Some days I skip coffee and can cruise along fine but there are other days when the caffeine withdrawal symptoms hit me so severely. Once the symptoms hit, drinking caffeine does not help me and I have no choice but suffering through them unt...
by bligh
Tue Nov 06, 2018 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Never thought of living in Bay Area but just got a call from Tesla
Replies: 72
Views: 7640

Re: Never thought of living in Bay Area but just got a call from Tesla

If I were you, I'd stay put. Unless the salary is so much greater that it is basically an offer you cannot refuse, or you hate your job right now, do not leave the good thing you have going right now. Why? 1) Bay Area.. Beautiful place.. ridiculous cost of living 2) Tesla .. I am an Elon Musk fan, a...
by bligh
Sat Nov 03, 2018 5:47 pm
Forum: Investing - Theory, News & General
Topic: [WSJ: The New Retirement Plan: Save Almost Everything, Spend Virtually Nothing]
Replies: 74
Views: 8653

Re: WSJ FIRE

If portfolio drops and 4% swr isn’t enough then can you imagine trying to get another job after not working years in your 50s? You’ll be competing with college grads for burger flipping jobs given the probable state of economy in this environment. :D I'd just go get a contract job maintaining legac...
by bligh
Fri Nov 02, 2018 5:48 pm
Forum: Investing - Theory, News & General
Topic: The biggest rallies in stocks have happened during the worst times to be invested
Replies: 15
Views: 2358

Re: The biggest rallies in stocks have happened during the worst times to be invested

The market is always going to be headed down... eventually. The next bear market will come just like before.. and hopefully we recover just like before. In the end we are all dead. Instead of making such a claim, I would suggest claiming something more concrete...making a a call like s&p 500 will hi...
by bligh
Thu Nov 01, 2018 3:51 pm
Forum: Investing - Theory, News & General
Topic: I Bond fixed rate = 0.5%
Replies: 90
Views: 8756

Re: I Bond fixed rate = 0.5%

The tax deferral aspect is huge for people like me who are in a very high tax bracket and who plan on retiring early in a no tax state at a much lower tax bracket. Being in a lower federal income tax bracket will help when you redeem the bonds, but being in a no tax state does not matter because in...
by bligh
Thu Nov 01, 2018 3:46 pm
Forum: Investing - Theory, News & General
Topic: 2019 Retirement Contribution Limits Announced
Replies: 54
Views: 7253

Re: 401(k) contribution limit increases to $19,000 for 2019; IRA limit increases to $6,000

Woo hoo! First the iBond Fixed rate goes up, and now this.

I'll take it! :)
by bligh
Thu Nov 01, 2018 12:32 pm
Forum: Investing - Theory, News & General
Topic: I Bond fixed rate = 0.5%
Replies: 90
Views: 8756

Re: I Bond fixed rate = 0.5%

For comparison, 5-10 year TIPS have a around a 1.1% yield. A 0.5% rate isn't bad due to the flexibility I-Bonds have with terms but I don't think it's enough to get me to want to deal with treasury direct either. https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextVi...
by bligh
Thu Nov 01, 2018 12:31 pm
Forum: Investing - Theory, News & General
Topic: I Bond fixed rate = 0.5%
Replies: 90
Views: 8756

Re: I Bond fixed rate = 0.5%

That is great news!

I look forward to buying mine in January! Too bad I already bought in for 2018.
by bligh
Wed Oct 31, 2018 5:46 pm
Forum: Investing - Help with Personal Investments
Topic: How much for retirement ?
Replies: 21
Views: 2354

Re: How much for retirement ?

I don’t think I’m uncomfortable now with saving. With my savings rate and no debt, I am able to still save about 700 a month after expenses and discretionary “fun money”. I could probably bump up to 20% 403B and then get the 5.5% match and the Roth would put me around 35%-40% including general savi...
by bligh
Wed Oct 31, 2018 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: Can I retire??
Replies: 26
Views: 3159

Re: Can I retire??

If I were you, I would do the following things before retiring. 1) Know what my "base expenses are" and be okay with shifting to those if another "Great Recession" type event happens. For example, this could let you fall back to a super conservative 2% withdrawal rate if stocks fell 50% next month. ...
by bligh
Wed Oct 31, 2018 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Girlfriend's Student Loans
Replies: 101
Views: 9436

Re: Girlfriend's Student Loans

I believe in pooling finances together when you are married. From your post it sounds like you believe in it too.. so my input assumes that. If you do not believe in pooling finances in marriage, then you have your solution. Her student loans aren't really your problem. Make sure you have a good pre...
by bligh
Wed Oct 31, 2018 11:23 am
Forum: Investing - Help with Personal Investments
Topic: How much for retirement ?
Replies: 21
Views: 2354

Re: How much for retirement ?

I'd say aim for 50%. When you're young, it's easiest to achieve this. People expect you to cut corners and live as frugally as possible. Since your peers are also living frugally, you're not necessarily going to miss out Sorry to be a party pooper but I will add my +1 to this. 1) You are young. Due...
by bligh
Tue Oct 30, 2018 11:05 pm
Forum: Personal Consumer Issues
Topic: Canada Goose Jacket
Replies: 57
Views: 4512

Re: Canada Goose Jacket

Typical heavily branded overpriced status symbol. You can get same or actually better high quality winter parka from Mountain Hardware, Marmot, or North Face for half the price. I guess it's all right when an adult buys one with their own funds, but my son tells me that at Yale, students wearing Ca...