Search found 898 matches

by msk
Thu Oct 18, 2018 12:39 am
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 56
Views: 2995

Re: Where would you go for financial guidance if you win the Megamillions?

I would do exactly the same as with my current portfolio: 100% in worldwide ETFs by market weight, give away 3% p.a. and use 1 to 2% for splurging on myself. Frankly I would probably not have an appetite to spend 9 to 18 million $ annually on myself anyway (private jet? why? just use Netjets...), so...
by msk
Thu Oct 18, 2018 12:23 am
Forum: Personal Finance (Not Investing)
Topic: Masters Degree Advice
Replies: 13
Views: 1066

Re: Masters Degree Advice

Thanks for the reply! Do you see people max out at a certain level in your organization if they only have a bachelors degree? This is a concern of mine as I don't want to be limited by opportunities in the future. I used to work in HR for an oil multinational and this was a very difficult question ...
by msk
Sun Oct 14, 2018 4:33 am
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 187
Views: 14178

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

That's why I am 100% stocks worldwide including EM. I lived through the Japan euphoria and collapse and palpably felt it was invincible. I am still at a loss to explain why, after decades of very successful manufacturing of cars, cameras, hi-fi, etc. their stock market has not recovered. Where did a...
by msk
Sun Oct 14, 2018 1:09 am
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 187
Views: 14178

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

5% of a 100% stocks portfolio will last forever, and the average annual $ withdrawal will keep up with inflation, together of course with the annual portfolio balance keeping up with inflation, forever. This is incorrect. During the Great Depression you have gone bankrupt. I.e you can hand over a p...
by msk
Sat Oct 13, 2018 9:17 am
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 187
Views: 14178

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

5% of a 100% stocks portfolio will last forever, and the average annual $ withdrawal will keep up with inflation, together of course with the annual portfolio balance keeping up with inflation, forever. I checked this against history (the reconstructed SP500 from 1871), against 50 years between 1966...
by msk
Wed Oct 10, 2018 4:15 am
Forum: Investing - Theory, News & General
Topic: The benefits of international diversification - NOT: Hulbert
Replies: 80
Views: 5205

Re: The benefits of international diversification - NOT: Hulbert

We all expect a market crash in the near/medium term future and I expect that whatever causes it will not be anything we suspect today; otherwise the powers-that-be will fix it in time. Why I am scared of over-exposure to the US market: the US market cap is >50% of world market cap, but it is nowher...
by msk
Mon Oct 08, 2018 8:27 am
Forum: Investing - Help with Personal Investments
Topic: Bond Allocation In Retirement
Replies: 12
Views: 2173

Re: Bond Allocation In Retirement

I have been dabbling in the stock market all the way from the mid 1980s, so I have been through several market collapses. The early ones are always the toughest. E.g. the very quick one in 1986(87?), then the Japan collapse, etc. Believing in "reversion to mean" made me bet a substantial fraction of...
by msk
Sun Oct 07, 2018 3:43 am
Forum: Investing - Help with Personal Investments
Topic: Best way to Invest 10 Million Portfolio at 40 without income
Replies: 56
Views: 8609

Re: Best way to Invest 10 Million Portfolio at 40 without income

PS I think you are overly worried. 10 million $ worth of VT delivers a dividend of $194k p.a. before taxes. Once you get the inheritance work only for a hobby.
by msk
Sun Oct 07, 2018 3:38 am
Forum: Investing - Help with Personal Investments
Topic: Best way to Invest 10 Million Portfolio at 40 without income
Replies: 56
Views: 8609

Re: Best way to Invest 10 Million Portfolio at 40 without income

Food for thought: 5% annual withdrawal from a well diversified portfolio of 100% stocks (as narrow as the SP500) to as wide as worldwide by market weight (e.g. VT) ought to allow withdrawals that keep up, on average, with inflation, and the portfolio balance at end year should also keep up with inf...
by msk
Sat Oct 06, 2018 8:11 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Be Prepared For Losses
Replies: 100
Views: 12055

Re: Larry Swedroe: Be Prepared For Losses

I have a female relative whose emergency fund is a 14 carat diamond ring. LOL. The diamond is so unusually large amongst our social circles that everyone assumes it's just costume jewelry. To which she responds that's excellent! she has never once been stopped at any airport worldwide.
by msk
Fri Oct 05, 2018 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Best way to Invest 10 Million Portfolio at 40 without income
Replies: 56
Views: 8609

Re: Best way to Invest 10 Million Portfolio at 40 without income

Food for thought: 5% annual withdrawal from a well diversified portfolio of 100% stocks (as narrow as the SP500) to as wide as worldwide by market weight (e.g. VT) ought to allow withdrawals that keep up, on average, with inflation, and the portfolio balance at end year should also keep up with infl...
by msk
Mon Oct 01, 2018 2:17 am
Forum: Personal Consumer Issues
Topic: Anyone ordered a vehicle through a dealership?
Replies: 40
Views: 3098

Re: Anyone ordered a vehicle through a dealership?

To have any price negotiation room you need time to await a brand new build from the factory, 8 to 20(? from Europe) weeks, and ability to take delivery from more than your one local dealer. My experiences: Toyota Camry: did it all by email. Went through build-and-price on Toyota's website and email...
by msk
Sun Sep 30, 2018 4:05 am
Forum: Personal Consumer Issues
Topic: College Student Performance Issues
Replies: 83
Views: 4499

Re: College Student Performance Issues

Kids ALWAYS prefer to have accommodation at the college; frats, etc. I put my foot down for my first two. Bought each a brand new car and they commuted from home (about a half hour). Next two kids, we had moved out and staying at home was no longer an option. Kid 3 did fine, now in grad school, Kid ...
by msk
Sun Sep 30, 2018 2:37 am
Forum: Investing - Help with Personal Investments
Topic: 28yo looking for advice on starting [international]
Replies: 19
Views: 1710

Re: 28yo looking for advice on starting [international]

Just open an account with Interactive Brokers, does not matter where. I have no clue where my account is, just on the web. I believe they have offices in the USA, London and Singapore but it is all totally transparent to you and at any time you do not know where the person you are talking to is loca...
by msk
Fri Sep 28, 2018 10:39 am
Forum: Investing - Help with Personal Investments
Topic: 28yo looking for advice on starting [international]
Replies: 19
Views: 1710

Re: 28yo looking for advice on starting [international]

After dabbling for 40+ years I have finally gravitated to a 100% stocks portfolio covering the entire world including Emerging Markets. I am not interested in bonds. YMMV. I also expect some major corrections coming to the US market, like most people on this board (?), since it has been on such a lo...
by msk
Thu Sep 27, 2018 1:46 am
Forum: Personal Finance (Not Investing)
Topic: How to charge much higher than Credit Card Limit
Replies: 39
Views: 3459

Re: How to charge much hire than Credit Card Limit

Ask any college student how they pay for their air fares home with a < $1k credit limit. Easy! Transfer cash into the card (like you do simply to pay off the CC balance) and within minutes your credit limit is raised. I also do it routinely. I have a credit limit of $15k but again, when I wish to pa...
by msk
Wed Sep 26, 2018 3:19 am
Forum: Personal Consumer Issues
Topic: One ear weak, one good: Get hearing aid? 91-year old
Replies: 8
Views: 667

Re: One ear weak, one good: Get hearing aid? 91-year old

OP here. Mom is slated to see an ENT specialist shortly, but the main thing that bothered me is her buddies who find one HA irritating and stop using it. We can all guess what 80 to 100 year-old ladies chat about. Last year she invited her buddies to dinner and later commented how pleasant it was to...
by msk
Tue Sep 25, 2018 6:57 am
Forum: Personal Consumer Issues
Topic: One ear weak, one good: Get hearing aid? 91-year old
Replies: 8
Views: 667

One ear weak, one good: Get hearing aid? 91-year old

My 91 year old Mom is complaining that one ear has been slowly going deaf over the past couple of years. Other ear is fine. Now she is thinking of getting a hearing aid. Practically all her 80-100 year old buddies who have one weak ear and who got hearing aids find the aid irritating and no longer u...
by msk
Tue Sep 25, 2018 12:07 am
Forum: Personal Consumer Issues
Topic: New Zealand - Bucket list trip
Replies: 34
Views: 3695

Re: New Zealand - Bucket list trip

The camper rental makes me a bit nervous as we've never done this before. Thoughts? As long as one of you is comfortable with driving, you'll be fine. It was our very first camping trip (of any kind) but NZ is so organised for campervans that it was a shoo-in. Make sure you include the full insuran...
by msk
Mon Sep 24, 2018 2:47 am
Forum: Investing - Help with Personal Investments
Topic: HELOC as a bonds replacement for drawing down from in a downturn?
Replies: 36
Views: 2325

Re: HELOC as a bonds replacement for drawing down from in a downturn?

It would require a huge risk tolerance for a retiree to buy stocks on margin during a bear market. Last two bear markets I used margin to buy one-year Call Options. Much less risk; cost $50k to own Calls on a million $ worth of SPY. Of course, the market has to rebound at least 5% within a year to ...
by msk
Sun Sep 23, 2018 10:57 pm
Forum: Personal Consumer Issues
Topic: Ventilated car seats?
Replies: 61
Views: 4229

Re: Ventilated car seats?

Depends on your climate. I love heated seats when it's below zero F outside and cooled seats when it's above 100 F. All my cars have blown air. Some have chilled air (Ford and Lexus) but Mercedes uses air blown from just under the seats (coolest place). You can skip if your climate is moderate, of c...
by msk
Sun Sep 23, 2018 10:44 pm
Forum: Investing - Help with Personal Investments
Topic: How much is too much in one stock?
Replies: 13
Views: 1507

Re: How much is too much in one stock?

Depends on the stock, obviously. I had 50% in Berkshire Hathaway for 3 decades :mrgreen: I would not worry at all if no stock is over 20% provided that stock still looks attractive. I would worry if that stock is Amazon, huge runup and excessive optimism given its P/E ratio. But the market does not ...
by msk
Sun Sep 23, 2018 10:31 pm
Forum: Personal Consumer Issues
Topic: Don't try this at home?
Replies: 8
Views: 2021

Re: Don't try this at home?

I view all Do It Yourself stuff as absurd economics created mainly by our tax systems. In an ideal economy each one of us will do just the stuff that each is good at and contract out the rest. Unfortunately the taxation system makes it "attractive" to do things very inefficiently. I used to do a lot...
by msk
Sun Sep 23, 2018 10:16 pm
Forum: Personal Consumer Issues
Topic: NYC weekend house: your experiences?
Replies: 18
Views: 2782

Re: NYC weekend house: your experiences?

- Time to get there. If over two hours to get there visit frequency will go down. One hour would be even better. - Beach home on eastern seaboard. Both above critical. Kids lose interest VERY quickly if there is no beach. At least there ought to be a pool (+skiing for winter? if inland). Whole fami...
by msk
Sun Sep 23, 2018 6:41 am
Forum: Investing - Help with Personal Investments
Topic: 23 with 130k cash to invest in index funds need help [Australia]
Replies: 7
Views: 729

Re: 23 with 130k cash to invest in index funds need help [Australia]

Simple long term strategy for somebody investing his future savings in AUD: 2.5% to 5% in VAS (Vanguard S&P/ASX 300 Index) Rest in VGS (Vanguard MSCI World excl Australia) 100% stocks because your investment horizon is 50+ years (till death). Choose 5% in VAS if you feel Oz is going to outperform th...
by msk
Sun Sep 23, 2018 4:16 am
Forum: Investing - Help with Personal Investments
Topic: Im going to die somewhere between Bankruptcy and $20 million
Replies: 46
Views: 9628

Re: Im going to die somewhere between Bankruptcy and $20 million

No, I did not miss your other posts. Nevertheless for the past 300 years humans seem fixated at a 5+% REAL return in all the major countries where data have been available. Basically, it's almost ingrained in us humans that we invest effort and treasure only into businesses that promise more (actual...
by msk
Sat Sep 22, 2018 2:44 am
Forum: Investing - Help with Personal Investments
Topic: Im going to die somewhere between Bankruptcy and $20 million
Replies: 46
Views: 9628

Re: Im going to die somewhere between Bankruptcy and $20 million

Inputs.... I made Stocks and Bonds both be -3% returns relative to their historical returns, due to all sorts of opinions that long term returns are expected to be lower than historical returns. Just trying to be conservative here. I have used Monte Carlo simulations in my professional life and had...
by msk
Thu Sep 20, 2018 3:32 am
Forum: Investing - Help with Personal Investments
Topic: HELOC as a bonds replacement for drawing down from in a downturn?
Replies: 36
Views: 2325

Re: HELOC as a bonds replacement for drawing down from in a downturn?

We always have to compromise: nil volatility but 100% assured to fall behind inflation: keep under the mattress/savings account/CDs max return with nil active management: 100% stock indices Each of us has to choose between those extremes. Myself I go for 100% stocks all the time with one-year's wort...
by msk
Wed Sep 19, 2018 5:52 am
Forum: Investing - Theory, News & General
Topic: Why is it so much cheaper to borrow money in Euros?
Replies: 19
Views: 2153

Re: Why is it so much cheaper to borrow money in Euros?

There are some opportunities in small countries where the local currency is pegged to the USD, in some cases for several decades. In such countries it sometimes happens that one can get a CD in local currency that pays you more, say, 4%, than the same bank charges you on a USD loan, say, 3%. This is...
by msk
Mon Sep 17, 2018 12:12 am
Forum: Personal Finance (Not Investing)
Topic: Financial situation/Health checkup - Stocks vs. Real Estate?
Replies: 17
Views: 1333

Re: Financial situation/Health checkup - Stocks vs. Real Estate?

Just an observation on housing. No clue about building costs around Seattle but I have often heard that building a new house costs under $200 a sq ft. Hence a 2000 sq ft brand new house ought to cost $400k. Of course it does depend on the materials used in finishing, but that ought to be enough for ...
by msk
Sun Sep 16, 2018 4:34 am
Forum: Personal Consumer Issues
Topic: Is home alarm monitoring worth it?
Replies: 56
Views: 3948

Re: Is home alarm monitoring worth it?

What I learnt from a house I owned back in the 1980s in England. Burglars do not like entering through the front door if it is really solid. They enter through side/rear windows. I had one burglar enter through a garage window, stole some old LPs stored there and gave up as too much bother. He would...
by msk
Fri Sep 14, 2018 2:56 am
Forum: Personal Consumer Issues
Topic: Is home alarm monitoring worth it?
Replies: 56
Views: 3948

Re: Is home alarm monitoring worth it?

If you install an alarm just make sure that it is connected to a ridiculously LOUD klaxon; ideally one outside and one inside. I have one that is so loud that even I will not stay inside the house for half a minute; never mind the burglar. Of course I do not expect any neighbor to help, but the burg...
by msk
Thu Sep 13, 2018 2:17 am
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Fiancee
Replies: 108
Views: 10307

Re: Massive Student Loan Debt - Fiancee

I do not see the loan as the major issue. What I sense is that you are incompatible in a major way regarding spending habits. She sounds like my DW who has never changed. We are now in our mid 70s. DW's attitude is that the future will take care of itself and she'll die young anyway, like her Dad. A...
by msk
Thu Sep 13, 2018 1:30 am
Forum: Personal Consumer Issues
Topic: Massage Chair
Replies: 4
Views: 615

Re: Massage Chair

DW bought a $2k massage chair a couple of years back. The back massage is accomplished by hard rubber(?) rollers. I found it very uncomfortable/unpleasant. Even though DW persisted in using it (she loves massages), she finally gave up and regularly goes to massage salons. Recently we bought new 2018...
by msk
Wed Sep 12, 2018 3:44 am
Forum: Personal Finance (Not Investing)
Topic: My daughter's inheritance.
Replies: 64
Views: 8927

Re: My daughter's inheritance.

Trust BHs to make things complicated :shock: I am invested 100% in stocks worldwide. My instructions/will to my 6 heirs are simply to sell everything, distribute the cash and each one advised to re-purchase worldwide stocks, VT (or similar Vanguard or iShares ETFs that I list, depending on each one'...
by msk
Mon Sep 10, 2018 4:28 am
Forum: Personal Consumer Issues
Topic: Run Air Conditioner even if not needed?
Replies: 30
Views: 3039

Re: Run Air Conditioner even if not needed?

Long ago some technician told me that you need the compressor to run occasionally during the year as otherwise the seals for the coolant dry out. I would run the compressor a few minutes every couple of months. Once cool air comes out then I would assume things get lubricated enough. On the other ha...
by msk
Mon Sep 10, 2018 3:40 am
Forum: Personal Finance (Not Investing)
Topic: $250,000 family loan to parents?
Replies: 50
Views: 4626

Re: $250,000 family loan to parents?

Goal33 wrote:
Sun Sep 09, 2018 5:37 pm
They can take an equity line and/or margin against their stocks.
+1 Seems to be by far the simplest. If the margin loan is not enough one can augment with a HELOC or gift or...
by msk
Mon Sep 10, 2018 3:06 am
Forum: Investing - Help with Personal Investments
Topic: Windfall at 40.5
Replies: 15
Views: 3268

Re: Windfall at 40.5

I am much older, 74, and a large fraction of my NW (low 8 figures) came after retirement at age 55. I have a few comments that may aid in thinking things out. A "huge" windfall is only huge to those who do not have it, e.g. pre-windfall. In the post-period your yardsticks grow larger, inevitably, e....
by msk
Thu Sep 06, 2018 1:52 am
Forum: Personal Finance (Not Investing)
Topic: Help make me more employable
Replies: 18
Views: 2580

Re: Help make me more employable

First and foremost: you have hit the jackpot! A PhD who has a job in research, in his field of expertise (or nearly so) and has nil responsibilities for staff nor students nor sales matters. Enjoy it while it lasts. Be careful of grass is always greener elsewhere. I got a PhD and got a technical job...
by msk
Mon Sep 03, 2018 4:02 am
Forum: Personal Consumer Issues
Topic: Gentlemen: underwear shopping question
Replies: 35
Views: 4021

Re: Gentlemen: underwear shopping question

LoL! After age 55 just get yourself loose boxer shorts, nothing clinging. Best move I made. The clinging ones are for younger men not to display their "excitement" too conspicuously. Past a certain age there isn't much "excitement" to contain :twisted:
by msk
Mon Sep 03, 2018 3:53 am
Forum: Investing - Help with Personal Investments
Topic: How do I maximize my long term average expected return?
Replies: 32
Views: 2851

Re: How do I maximize my long term average expected return?

I think the OP is young enough to start off on a lifelong learning adventure. After 30+ years of dabbling in the stock markets using individual stocks, indices, options, my recommendation for the OP would be: Understand your tax situation intricately and learn to maximise your tax-advantaged investm...
by msk
Sun Sep 02, 2018 4:30 am
Forum: Investing - Help with Personal Investments
Topic: Invest in my own country?or internation is enough?
Replies: 4
Views: 598

Re: Invest in my own country?or internation is enough?

I suspect that Taiwan stock market capitalisation is somewhere between 1% and 2% of the world stock markets, 1 trillion $ out of 80+ trillion $. Hence, unless you can put in the effort to study local companies on a quarterly basis AND beat the index significantly (?!) then you are best off simply to...
by msk
Sun Sep 02, 2018 3:03 am
Forum: Personal Consumer Issues
Topic: Lexus vs. Mercedes
Replies: 86
Views: 6544

Re: Lexus vs. Mercedes

Over the past 40 years I have owned top-of-the-range Mercedes, Lexus, BMW, Porsche, Jaguar. The obvious: expensive cars are expensive to maintain. Live with it or don't play. Just go price properly speed-specced tires for a Porsche... Except for the Jaguar XJ12, all mine were reliable. OK, that's hi...
by msk
Wed Aug 29, 2018 4:31 am
Forum: Investing - Help with Personal Investments
Topic: Non-US citizen investing in Vanguard ETF's and indices?
Replies: 25
Views: 8308

Re: Non-US citizen investing in Vanguard ETF's and indices?

For a non US taxpayer: Open an account at Interactive Brokers, to be funded only from a bank account in YOUR name. Buy VWRD (Vanguard World, includes Emerging Markets) Reinvest dividends twice p.a. Alternative, Black Rock iShares: Open an account at Interactive Brokers, to be funded only from a bank...
by msk
Tue Aug 28, 2018 8:29 am
Forum: Investing - Help with Personal Investments
Topic: Retiring. 28 y.o. $5M in cash. Asking for advice for portfolio.
Replies: 80
Views: 13708

Re: Retiring. 28 y.o. $5M in cash. Asking for advice for portfolio.

OK, I go against the general wisdom here. I would put the entire $5 million into VWRD (Vanguard World including Emerging Markets). That is as diversified as one can get; currencies, stock markets, industries, etc. Because it is based in Ireland, you are exposed to low withholding taxes on dividends ...
by msk
Tue Aug 28, 2018 7:47 am
Forum: Personal Finance (Not Investing)
Topic: How to Pass on Money Against My Sister's Wishes (Ethics and Finance)
Replies: 74
Views: 7567

Re: How to Pass on Money Against My Sister's Wishes (Ethics and Finance)

If the estranged kid turns up at the funeral then I would distribute 4 ways. Estranged kid does not turn up, and no sensible excuse offered, then 3 ways. I would thereby assume that antagonism is mutual between mother and child. Question: What happens if YOU die first?! Stuff happens...
by msk
Sun Aug 26, 2018 4:05 am
Forum: Investing - Help with Personal Investments
Topic: Considering expense ratios, which international small cap fund should i choose out of these 2?
Replies: 5
Views: 511

Re: Considering expense ratios, which international small cap fund should i choose out of these 2?

The expense ratios in this case are largely irrelevant. I just checked their respective price performances for the past 5 years: FNDC up 39%, SCHC up 21%. They seem to be far from equivalent. You can either go for the high performer, FNDC, recency bias, or for the under-performer, SCHC, chasing reve...
by msk
Sun Aug 26, 2018 2:06 am
Forum: Personal Consumer Issues
Topic: Home Security Box for Papers
Replies: 23
Views: 1999

Re: Home Security Box for Papers

Just wondering what items people find necessary to keep so secure that scanning into cloud storage is unsatisfactory. Stuff like birth/death certificates, RE ownership deeds and similar are not particularly valuable to others and are easily replaced, especially if you start off with a scanned versio...
by msk
Sat Aug 25, 2018 3:35 am
Forum: Investing - Help with Personal Investments
Topic: Inheritance—Advice Requested
Replies: 63
Views: 6956

Re: Inheritance—Advice Requested

Nice to see a very contented person living on $25k p.a., but... 100% stocks (either US or worldwide) on $1.2 million ought to deliver $60k (5%) annually, increasing with inflation, indefinitely, with the balance of the original investment (95% left in any year) also keeping pace with inflation, inde...
by msk
Thu Aug 23, 2018 12:03 am
Forum: Investing - Theory, News & General
Topic: 60/40 vs 100% with Trailing Stop Loss
Replies: 36
Views: 2319

Re: 60/40 vs 100% with Trailing Stop Loss

Decades ago I thought stop loss was a great idea, and then I realized that getting back in becomes a major issue. So I ceased using stop loss. Until my daughter talked me back into it. Recall that infamous Flash Crash? That happened just days after I put in the new stop losses. Flash Crash happened ...