Search found 1553 matches

by H-Town
Fri Apr 19, 2019 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: What is the Magic Formula for when One can RETIRE ?
Replies: 21
Views: 2731

Re: What is the Magic Formula for when One can RETIRE ?

Is it as simple as when money from investments every month (stocks, real estate, whatever) is greater than one's expenses ? It's not that simple. Financial planning for 30+ years is complex. Best one can do is to ensure your plan works out 90% of the time. On the other hand, people can still surviv...
by H-Town
Fri Apr 19, 2019 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Mr. Money Mustache, SWR, and equity allocation
Replies: 524
Views: 39138

Re: Mr. Money Mustache, SWR, and equity allocation

A few thoughts: 1) Make more money, spend more and save more. 2) Have a conservative FI goal, i.e. 40x - 50x expense to give yourself some margin for error. 3) When you get to FI goal, think of it as you having options rather than turning in your notice. 4) When you have sound principle of personal ...
by H-Town
Thu Apr 18, 2019 3:42 pm
Forum: Personal Consumer Issues
Topic: Bogleheads privacy warning
Replies: 61
Views: 5264

Re: Bogleheads privacy warning

I just entered my username (mikemikemike) into the search bar, and as a result retrieved all of my posts to bogleheads. So, for example, if you post things about your net worth, or the amount of gold coins you have in your home, and someone (say, a hacker) links your name and/or address to your bog...
by H-Town
Sun Apr 14, 2019 10:09 am
Forum: Investing - Theory, News & General
Topic: Stocks will return about 4% annually over the next decade or so rather than the 10% average annual returns - John Bogle
Replies: 90
Views: 11506

Re: Stocks will return about 4% annually over the next decade or so rather than the 10% average annual returns - John Bo

Stocks will return about 4% annually over the next decade or so rather than the 10% average annual returns of recent decades. Bogle believes the U.S. stock market will enter a period of relatively low returns. He reached his estimate by looking at 2 percent dividend yield, a “deadweight loss from t...
by H-Town
Thu Apr 11, 2019 3:17 pm
Forum: Investing - Theory, News & General
Topic: Reporter doing story on tax-loss harvesting and wash sales
Replies: 10
Views: 1353

Re: Reporter doing story on tax-loss harvesting and wash sales

While I'm not an attorney or CPA, I'd recommend not raising your hand unless you're 100% sure of what you're doing. Someone from the IRS will most certainly read the eventual article and if you get any tax maneuver wrong that you describe during the interview, they'd jump at the opportunity to make...
by H-Town
Wed Apr 10, 2019 6:05 pm
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 105
Views: 7978

Re: Crypto bulls are back. Are you getting in?

newtothiswhat wrote:
Tue Apr 09, 2019 9:16 pm
I know this forum discourages investing in crypto and views it as rat poison.
I do not think crypto as rat poison. I think it as trash.

I'd spend that money on vacation.
by H-Town
Wed Apr 10, 2019 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: How do 40 year olds decide what they can afford?
Replies: 85
Views: 9517

Re: How do 40 year olds decide what they can afford?

As I approach age 40, I think that I need a new way of determining what extras (i.e., toys) can I afford. In my teens, it was easy. I saved half, and I spent half. Since my expenses were zero, I spent 1/2 on whatever I wanted. In my twenties, it was easy. I didn't have disposable income for the mos...
by H-Town
Mon Apr 08, 2019 1:12 pm
Forum: Personal Consumer Issues
Topic: fun car advice
Replies: 119
Views: 7497

Re: fun car advice

What do u think will happen to the non-self driving car market when self driving cars become ubiquitous? I personally don't want to be on the highway near human operated vehicles, and neither will anyone else. At some point if a vehicle doesn't have certain safety features, they won't be allowed on...
by H-Town
Sat Apr 06, 2019 10:49 pm
Forum: Investing - Theory, News & General
Topic: FIDO Zero Funds losing to Vanguard?
Replies: 58
Views: 6695

Re: FIDO Zero Funds losing to Vanguard?

Random Musings wrote:
Sat Apr 06, 2019 8:36 pm
There is the forest, there are the trees and there is this particular topic.

RM
LOL that's very accurate!
by H-Town
Sat Apr 06, 2019 10:32 pm
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 737
Views: 64197

Re: That's enough for me in 2019

everything is elevated. Is it because of the fed's balance sheet being 4x what it was prior to the recession? I suppose it could just be high liquidity, but then, why isn't GDP and inflation in line? I'm scratching my head on current valuations, but how many people really knew about the underlying ...
by H-Town
Fri Apr 05, 2019 3:07 pm
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 737
Views: 64197

Re: That's enough for me in 2019

So let's say it keeps looking up in 2019 (similar to 2017), would 2020 a loss year similar to 2018?

Folks around here might be getting out of the market one year early and foregoing 10-20% gain?
by H-Town
Fri Apr 05, 2019 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Married couples: can you have a team mentality with separate finances?
Replies: 183
Views: 8405

Re: Married couples: can you have a team mentality with separate finances?

I'm asking this question because from the beginning of our marriage, my husband and I have differed on our view of how marital finances should work. I grew up in a "one-pot" household where my parents had all joint accounts and thought of all money as "their" money. I think the fact that my parents...
by H-Town
Fri Apr 05, 2019 11:36 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 657
Views: 74805

Re: U.S. stocks continue to soar!

There's no fun here in this thread... Nothing like U.S. stocks in free fall thread.

Ya'll are a boring bunch.

Drop mic.

I'll show myself out.
by H-Town
Thu Apr 04, 2019 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Federal tax refund? What are you doing with it?
Replies: 54
Views: 2365

Re: Federal tax refund? What are you doing with it?

tampaite wrote:
Thu Apr 04, 2019 6:33 am
Are you putting the refund into a taxable account? Rolling it into your savings for day 2 day expense? Adding it to emergency fund?

Thanks
I would apply it to next year tax. I almost always owe tax though..
by H-Town
Thu Apr 04, 2019 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: What is Financial Independence (FI) in the simplest terms?
Replies: 80
Views: 4680

Re: What is Financial Independence (FI) in the simplest terms?

Oh, the irony of the title of this thread! Here we are 60+ posts later and we can't even agree on a basic definition for Financial Independence. :confused No surprise, there is no agreement on the definition of "cash" either. Or whether your principal house is an asset.... But I'm pretty sure the t...
by H-Town
Thu Apr 04, 2019 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: What is Financial Independence (FI) in the simplest terms?
Replies: 80
Views: 4680

Re: What is Financial Independence (FI) in the simplest terms?

Oh, the irony of the title of this thread! Here we are 60+ posts later and we can't even agree on a basic definition for Financial Independence. :confused No surprise, there is no agreement on the definition of "cash" either. Or whether your principal house is an asset.... But I'm pretty sure the t...
by H-Town
Thu Apr 04, 2019 2:51 pm
Forum: Investing - Theory, News & General
Topic: FIDO Zero Funds losing to Vanguard?
Replies: 58
Views: 6695

Re: FIDO Zero Funds losing to Vanguard?

So is it possible the Zero funds are producing inferior returns compared to Vanguard? Both funds are the same as far as I concern... At Fidelity HSA I have the zero funds. At Vanguard brokerage and Roth IRA I have VTI and the likes. The money you put in makes a more meaningful impact than a few bas...
by H-Town
Thu Apr 04, 2019 11:24 am
Forum: Personal Finance (Not Investing)
Topic: What is Financial Independence (FI) in the simplest terms?
Replies: 80
Views: 4680

Re: What is Financial Independence (FI) in the simplest terms?

I see FI being talked about a lot on here. Such as I plan on being financially independent at 45, 55, and so on. Is Financial Independence simply the point when investment income (using 3% withdrawal rate) and /or passive income exceeds your annual expenses? I am on track to have a paid for house a...
by H-Town
Wed Apr 03, 2019 12:11 pm
Forum: Personal Investments
Topic: ZERO cost mutual funds??
Replies: 33
Views: 1885

Re: ZERO cost mutual funds??

How can Fidelity and maybe other fund companies offer 0 cost funds? How can they make money with these funds? Thanks! 1) You gotta have your own index and not paying royalties to the index. 2) You gotta have securities lending to cover some portion of the cost. 3) You gotta have good technologies t...
by H-Town
Wed Apr 03, 2019 11:44 am
Forum: Personal Investments
Topic: allocation change with "winning the game"
Replies: 39
Views: 3587

Re: allocation change with "winning the game"

if one is close to achieving a 0% failure on firecalc, does one adjust allocation to very conservative? if so, and one continues to work, does one invest future earnings in 100% equities, as it is for inheritance or philanthropy, not for the original owner? As long as you don't lose your battles ag...
by H-Town
Tue Apr 02, 2019 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Audit
Replies: 19
Views: 2283

Re: Tax Audit

This is an income audit. They are looking for unreported income. They will do a bank deposit analysis and compare it to gross receipts listed on your returns, if there are any unexplained deposits the amount will be considered taxable income unless you can prove otherwise. Additionally, they will b...
by H-Town
Tue Apr 02, 2019 1:07 am
Forum: Investing - Theory, News & General
Topic: IF we enter a financial crisis in the future, how are you going to adjust?
Replies: 57
Views: 3634

Re: IF we enter a financial crisis in the future, how are you going to adjust?

I ask this as a "what if" going forward. There is more debt worldwide than ever before. There are no longer "normal" interest rates. All currencies are merely fiat faith based paper. Many pensions will not meet their obligations in the future. As Vanguard shareholders, how are you going to adjust t...
by H-Town
Mon Apr 01, 2019 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: How to get cash quickly
Replies: 102
Views: 5934

Re: How to get cash quickly

OP: is this a blessing in disguised? If you don't have cash, don't buy it... good deal or not.
by H-Town
Mon Apr 01, 2019 9:02 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 657
Views: 74805

Re: U.S. stocks continue to soar!

Small caps are on a tear from the December lows. Good thing I only think of market timing and never do it :happy I knew this day would come when I pour new money into VBR religiously. VBR (small cap value) has shown some signs of life, though VBK (small cap growth) continues to outperform. I don't ...
by H-Town
Mon Apr 01, 2019 5:36 pm
Forum: Investing - Theory, News & General
Topic: Rich Dad / Poor Dad Investing Theory
Replies: 74
Views: 5497

Re: Rich Dad / Poor Dad Investing Theory

The bigger asset, the better right? Not necessarily, especially considering that you have not improved your net worth by simply buying a house with a mortgage. But you just said a house is an asset, no? :wink: Trust me, if anyone go through the exercise of keeping track of spending and focus on the...
by H-Town
Mon Apr 01, 2019 5:26 pm
Forum: Investing - Theory, News & General
Topic: Rich Dad / Poor Dad Investing Theory
Replies: 74
Views: 5497

Re: Rich Dad / Poor Dad Investing Theory

The house that you live in is not an asset... Don't believe me? Pull out excel spreadsheet and keep track of the cost that you're pouring in the house. Then just for fun, compare it with the net cash you expect to get after you sell your house and pay for another house. - Cost that you pay for the ...
by H-Town
Mon Apr 01, 2019 5:14 pm
Forum: Investing - Theory, News & General
Topic: Rich Dad / Poor Dad Investing Theory
Replies: 74
Views: 5497

Re: Rich Dad / Poor Dad Investing Theory

The house that you live in is not an asset... Don't believe me? Pull out excel spreadsheet and keep track of the cost that you're pouring in the house. Then just for fun, compare it with the net cash you expect to get after you sell your house and pay for another house. - Cost that you pay for the ...
by H-Town
Mon Apr 01, 2019 4:32 pm
Forum: Investing - Theory, News & General
Topic: Rich Dad / Poor Dad Investing Theory
Replies: 74
Views: 5497

Re: Rich Dad / Poor Dad Investing Theory

The house that you live in is not an asset... Don't believe me? Pull out excel spreadsheet and keep track of the cost that you're pouring in the house. Then just for fun, compare it with the net cash you expect to get after you sell your house and pay for another house. - Cost that you pay for the h...
by H-Town
Mon Apr 01, 2019 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: How to get cash quickly
Replies: 102
Views: 5934

Re: How to get cash quickly

advance cash from credit card?
by H-Town
Mon Apr 01, 2019 3:29 pm
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 737
Views: 64197

Re: That's enough for me in 2019

This is my top-calling post. Feel free to bump as we make new highs. Bump, by request. Dow Jones topped 26,200 today. Not quite back to October's high of ~26,800, but it's getting close. Nah - this is just demoralizing people that keep dry powder... When to pull the trigger is the question. Pull th...
by H-Town
Mon Apr 01, 2019 3:07 pm
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 737
Views: 64197

Re: That's enough for me in 2019

This is my top-calling post. Feel free to bump as we make new highs. Bump, by request. Dow Jones topped 26,200 today. Not quite back to October's high of ~26,800, but it's getting close. Nah - this is just demoralizing people that keep dry powder... When to pull the trigger is the question.
by H-Town
Sun Mar 31, 2019 3:38 pm
Forum: Personal Investments
Topic: Fido Screws Up and Says "Tough Luck"
Replies: 32
Views: 3119

Re: Fido Screws Up and Says "Tough Luck"

Tough Luck!
by H-Town
Sun Mar 31, 2019 2:33 pm
Forum: Investing - Theory, News & General
Topic: Rich Dad / Poor Dad Investing Theory
Replies: 74
Views: 5497

Re: Rich Dad / Poor Dad Investing Theory

I read it many years ago. What I took from it are some principles: - Don't spend money more than necessary on depreciating assets, such as car and principle house. - Try to build a "machine" to make money for you, whether it's a rental house, commercial real estate, stocks, bonds, CD's, etc. The ide...
by H-Town
Fri Mar 29, 2019 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 14007

Re: How often do you check your net worth?

Information is valuable. What you choose to do with those information is another story.
by H-Town
Fri Mar 29, 2019 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 14007

Re: How often do you check your net worth?

What get measured, get managed.

Wealth is not an exception.
by H-Town
Fri Mar 29, 2019 2:08 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10391
Views: 1843775

Re: U.S. stocks in free fall

For all the noise on here, people "going to cash", and the consternation in the last quarter last year, it's worth pointing out that we are getting ready to close the best quarter since Q3 2009, and the best Q1 since 1998. So is now the time to go cash? :confused Yeah, cash it out at the top. Now, ...
by H-Town
Fri Mar 29, 2019 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 14007

Re: How often do you check your net worth?

I normally do it every Saturday, then decide if we go to a nice restaurant or dive bar for burgers. Nothing wrong with dive bars. I know my net worth at any given moment, not the exact $ amount but within 10k +/- due to market fluctuation. But it has nothing to do with my decision to go to a nice r...
by H-Town
Mon Mar 25, 2019 4:18 pm
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 737
Views: 64197

Re: That's enough for me in 2019

All it takes is a long time horizon and confidence in civilization to remain invested in stocks. Some people have it and some people don't. Some people need to take on risk and some don't. Of course, if you want a shot at making a lot of money from your investments, stocks are the way to go, even t...
by H-Town
Mon Mar 25, 2019 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best gas credit cards hands down?
Replies: 65
Views: 3194

Re: What is the best gas credit cards hands down?

May get the uber/lyft cards just for gas! If you have shell stations near you and their prices are good (they are the lowest for me) consider the shell 5cent/gal card. It's free and you just run it through the reader prior to buying gas. https://www.fuelrewards.com/shop-at-shell You can also use yo...
by H-Town
Mon Mar 25, 2019 10:59 am
Forum: Investing - Theory, News & General
Topic: M.I.T.'s Andrew Lo says Buy and Hold dosen't work
Replies: 116
Views: 19607

Re: M.I.T.'s Andrew Lo says Buy and Hold dosen't work

In this month['s issue of Money magazine, there is an interview with M.I.T.'s Andrew Lo saying Buy and Hold doesn’t work anymore. Here is a couple of quotes from the article. But doesn’t a simple buy-and-hold strategy address a lot of these issues of risk? Buy-and-hold doesn’t work anymore. The vol...
by H-Town
Sun Mar 24, 2019 6:57 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10391
Views: 1843775

Re: U.S. stocks in free fall

J G Bankerton wrote:
Sun Mar 24, 2019 6:47 pm
letsgobobby wrote:
Sat Mar 23, 2019 10:55 am
harmoniousmonk wrote:
Sat Mar 23, 2019 9:22 am
Monday's S and P futures down 51 or 1.8%
Negative. This is Friday's close. Monday futures don't open for about 36 hours.
S&P up 1.58 points. The free-fall is over. Buy, buy, buy. :greedy
You buy when stocks in free fall, no?
by H-Town
Sat Mar 23, 2019 7:03 pm
Forum: Personal Consumer Issues
Topic: Lease a car or buy a car
Replies: 49
Views: 2997

Re: Lease a car or buy a car

Also the argument that you get to drive a new car every three years is silly. Who actually does that, especially with a luxury car? A new BMW should be completely fine to drive for 5 years without even thinking about wanting to buy another car. They don’t even change models that often. I can’t imag...
by H-Town
Sat Mar 23, 2019 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Do the wife and I have house fever? Want to buy 550k home
Replies: 30
Views: 3209

Re: Do the wife and I have house fever? Want to buy 550k home

The house/area we want to buy would be around 550k, possibly 600k, and add a 30 minute commute (currently 5) to my workplace. We have the 20% down between savings and taxable accounts, but I've been considering doing an 80/10/10 piggyback loan to avoid PMI and prevent having to generate capital gai...
by H-Town
Sat Mar 23, 2019 6:02 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10391
Views: 1843775

Re: U.S. stocks in free fall

lostdog wrote:
Sat Mar 23, 2019 1:43 pm
This thread is all noise basically. Arm chair experts and market timers.
I see more satirists on here than anybody.
by H-Town
Sat Mar 23, 2019 3:27 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10391
Views: 1843775

Re: U.S. stocks in free fall

Here we go again. 19.8% or 20%, "bear" or "bull", whatever. Is anyone here making an investing decision based on how long it's been since the most recent "bear market"? I hope not. I certainly hope not as well. Part of the problem I perceive is that many believe that if a bull market goes on long e...
by H-Town
Fri Mar 22, 2019 3:26 pm
Forum: Investing - Theory, News & General
Topic: The $4,026,858.95 Car or a Worry-Free Retirement?
Replies: 245
Views: 11480

Re: The $4,026,858.95 Car or a Worry-Free Retirement?

Moral compass is measured by what you do when no one is watching.
by H-Town
Fri Mar 22, 2019 1:07 pm
Forum: Investing - Theory, News & General
Topic: The $4,026,858.95 Car or a Worry-Free Retirement?
Replies: 245
Views: 11480

Re: The $4,026,858.95 Car or a Worry-Free Retirement?

Bogleheads: The automobile industry must have the most successful marketing program in the world (even more successful than the investment industry. No longer is the automobile used to get from point A to Point B. Our car now represents prestige, safety, comfort and more. Even the lowest priced car...
by H-Town
Fri Mar 22, 2019 12:52 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10391
Views: 1843775

Re: U.S. stocks in free fall

walletless wrote:
Fri Mar 22, 2019 12:49 pm
Time for a bump! :moneybag
3/22/2019: First day of 2019 recession. :beer
by H-Town
Thu Mar 21, 2019 6:12 pm
Forum: Investing - Theory, News & General
Topic: The $4,026,858.95 Car or a Worry-Free Retirement?
Replies: 245
Views: 11480

Re: The $4,000,000.00 Car or a worry-free retirement?

I would argue that superior safety features are worth paying for. While ensuring you have enough for retirement is important, ensuring you have the good health to enjoy that retirement is even more important. The average American has about a 50% chance in their life to be seriously injured (and a 1...
by H-Town
Wed Mar 20, 2019 6:41 pm
Forum: Investing - Theory, News & General
Topic: What year does employer contribute to 401k?
Replies: 20
Views: 1355

Re: What year does employer contribute to 401k?

This year I am contributing the maximum $19000 to my 401k, and my employer will contribute $37,000. However I just found out that my employer won't be contributing the money for 2019 until 2020. This year (June) they are contributing the 2018 amount of $36,500. Is this typical practice for a busine...