Search found 684 matches

by harvestbook
Tue Nov 12, 2019 4:25 pm
Forum: Investing - Theory, News & General
Topic: Changing AA in a 529 depending on spend-down
Replies: 2
Views: 182

Re: Changing AA in a 529 depending on spend-down

We kept ours at 50/50 once we realized the bond portion would likely cover expenses. If grad school happens, then we can shift the remaining stock to 50/50 as well. Growth was the major reason we used a 529, so dodging growth seems pointless (especially if you're not getting a state tax break.)
by harvestbook
Mon Nov 11, 2019 7:38 am
Forum: Personal Finance (Not Investing)
Topic: I think my friend is already financially independent (through a fantastic bitcoin investment), can you confirm?
Replies: 49
Views: 6927

Re: I think my friend is already financially independent (through a fantastic bitcoin investment), can you confirm?

If he thinks his bitcoin profits were due to "smart investing," then, no, he's not done. If he views it as a winning lottery ticket and he must nurture that once-in-a-lifetime nest egg through frugal living and wise decisions, then certainly.
by harvestbook
Fri Nov 08, 2019 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy the family cottage?
Replies: 90
Views: 7227

Re: Should I buy the family cottage?

I bought the "family beach house" for a "steep discount" and ended up spending a lot of time and money on renovations. The work was enjoyable, but it's been 10 years and every trip there ends up with at least a day of work just maintaining it, much less finishing up the final touches. The family lov...
by harvestbook
Thu Nov 07, 2019 1:45 pm
Forum: Investing - Theory, News & General
Topic: US Bonds in free fall
Replies: 46
Views: 4664

Re: US Bonds in free fall

I'd like to buy some more bonds but I at least want them to keep pace with inflation, so it feels less like a crash and more like getting on the track back to reality.
by harvestbook
Wed Nov 06, 2019 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax 2019 on Amazon
Replies: 122
Views: 9289

Re: Turbotax 2019 on Amazon

We're doing our own taxes this year after our CPA dumped us. We have three self-employment Schedule C businesses, are spending out of a 529 for daughter, and have minimal dividends/cap gains to report. Is Deluxe good enough for us, or should we step up to the $119 version?
by harvestbook
Fri Nov 01, 2019 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 690
Views: 70034

Re: Why are you NOT buying rental properties?

We've looked around for some rentals but I loathe debt way too much to go down that road. Clearly the math can work if you let debt work for you, but I have a visceral reaction to it and would never sleep if I owed a bunch of banks. Oddly, having 90 percent in stocks doesn't bother me a bit, because...
by harvestbook
Tue Oct 29, 2019 7:06 am
Forum: Personal Finance (Not Investing)
Topic: bipolar/alcoholic/broke/jail time - how to move forward financially?
Replies: 37
Views: 4496

Re: bipolar/alcoholic/broke/jail time - how to move forward financially?

Alcoholism is a disease that can't be treated medically or with counseling. It can't be cured, but it can be treated through a twelve-step program IF the person wants it. Nothing can help an alcoholic who doesn't want help. This observation is based on watching hundreds live and die in Alcoholics An...
by harvestbook
Mon Oct 21, 2019 6:49 am
Forum: Personal Investments
Topic: High income earner waiting for a bear market to start investing
Replies: 119
Views: 12088

Re: High income earner waiting for a bear market to start investing

You seem incredibly confident both in your business and what your own life will be like in 35 or 40 years. I'm not, so I'll choose to spread my risks around to the thousands of stocks and bonds in the world.
by harvestbook
Wed Oct 09, 2019 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 14051

Re: Willingly going from lucrative job to unemployed?

It's funny, if you posted on a FIRE forum people would be talking about your being crazy for working so long, not being crazy for wanting to quit with "only" $2 million. You can always make more money, but you can never make more time. And nothing steals time off your life like stress and unhappiness.
by harvestbook
Sun Oct 06, 2019 7:28 am
Forum: Investing - Theory, News & General
Topic: Jonathan Clements: About half your retirement accumulation is just the dollars you put in
Replies: 92
Views: 14276

Re: Jonathan Clements: About half your retirement accumulation is just the dollars you put in

I get to double my money by doing absolutely nothing? Consciously, willfully doing nothing, and staying alive in the meantime?
Sounds like a great deal to me.
by harvestbook
Fri Oct 04, 2019 7:26 am
Forum: Investing - Theory, News & General
Topic: 'Stay the course' with international stock but give up on value?
Replies: 101
Views: 6964

Re: 'Stay the course' with international stock but give up on value?

Recency bias explains a lot of positions, and some people feel the need to muster evidence to support their beliefs (confirmation bias.) I don't think it's all that important, except to recognize the psychological biases at work. I saw Larry Grantham throwing in the towel after 20 years of value bel...
by harvestbook
Tue Oct 01, 2019 5:44 pm
Forum: Investing - Theory, News & General
Topic: Know when to hold them and when to fold them......
Replies: 148
Views: 13857

Re: Know when to hold them and when to fold them......

I eased off my international (which was formerly 50 percent of my equities) down to just under 40 percent. But the persistent recency bias and home bias does give me comfort that international will have its day before I ever need to sell anything. So the answer for me is, I never know when to fold t...
by harvestbook
Fri Sep 20, 2019 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Making Psychological Shift to High Deductibles, Funded HSA
Replies: 30
Views: 2059

Re: Making Psychological Shift to High Deductibles, Funded HSA

After eight years of expensive private health insurance and only once hitting anything close to a "serious" medical event, I was totally at ease switching to a HDHP/HSA plan via ACA this year. So far it has been great. We could've afforded a better plan but because of our high investing rate, we get...
by harvestbook
Wed Sep 18, 2019 8:38 am
Forum: Investing - Theory, News & General
Topic: DCA vs. Lump Sum- an interesting analysis
Replies: 62
Views: 3775

Re: DCA vs. Lump Sum- an interesting analysis

Yes. But that's the way it is with investment practices that are rooted in human behavior. When the brain and the gut can't agree there is an endless, unresolved debate. The brain people are trying to convince themselves that their brain is right and they should disregard their gut; while the gut p...
by harvestbook
Fri Sep 13, 2019 5:55 pm
Forum: Personal Consumer Issues
Topic: Comic book collection recommendations
Replies: 21
Views: 1648

Re: Comic book collection recommendations

Condition is most of the value of paper collectibles. Assuming they have been bagged and boarded and date to the 1960s, in my head I would be thinking "This is worth at least a dollar a comic on average," which means $30,000. At that value, then it would be worth my while to both learn more about th...
by harvestbook
Wed Sep 04, 2019 7:51 am
Forum: Investing - Theory, News & General
Topic: Best of Bogleheads - your #1 takeaway
Replies: 151
Views: 15328

Re: Best of Bogleheads - your #1 takeaway

Don't quit your day job. Ever.
by harvestbook
Sat Aug 31, 2019 7:48 am
Forum: Personal Consumer Issues
Topic: College age male: How much money for food?
Replies: 138
Views: 6293

Re: College age male: How much money for food?

My daughter is a sophomore at a state college, first year living off campus. I withdrew half of the school's estimated cost of attendance for meals ($2,322 a semester) and put it in our shared savings account along with all the other stated costs. This was withdrawn from her 529 so everything lines ...
by harvestbook
Mon Aug 26, 2019 7:26 am
Forum: Personal Investments
Topic: Allocation help-Core-4 in taxable, REITs and Bonds
Replies: 10
Views: 909

Re: Allocation help-Core-4 in taxable, REITs and Bonds

Just as a side note, if you are 33 and presumably your spouse is near your age, banking on a pension forty years from now implies a certainty of the future that is far stronger than anything I'd rely on. Too many personal black swans could await (illness, job loss, pension loss, divorce, etc.) Of co...
by harvestbook
Sun Aug 25, 2019 7:41 am
Forum: Personal Investments
Topic: Should I wait to reset my AA or would that be market timing?
Replies: 12
Views: 971

Re: Should I wait to reset my AA or would that be market timing?

I'll just add that recency bias is likely making you emotionally overweight the recent volatility. I don't know what your 401ks were invested in, but you're not seeing all the many years of probably substantial gains made over that time. This happened to me when i took over my own investing--all I s...
by harvestbook
Tue Aug 20, 2019 7:27 am
Forum: Personal Investments
Topic: 529s for kids already in and nearly in college
Replies: 8
Views: 616

Re: 529s for kids already in and nearly in college

I use CNFC for one of our 529s-- there is a 0.25 expense ratio added on top, so that further cuts into any potential tax savings.
by harvestbook
Tue Aug 20, 2019 7:13 am
Forum: Investing - Theory, News & General
Topic: Help me think through demographic trends change my savings rate and life long investment in human capital
Replies: 53
Views: 2860

Re: Help me think through demographic trends change my savings rate and life long investment in human capital

I think the world 30 years from now is utterly unimaginable and impossible to plan for with any precision. Automation may totally mute the importance of demographics. My philosophy is to own the robots via the world's stock markets rather than try to learn some fleeting skill to fix robots.
by harvestbook
Sun Aug 18, 2019 1:40 pm
Forum: Personal Consumer Issues
Topic: Battery powered lawn mower
Replies: 54
Views: 3531

Re: Battery powered lawn mower

I'm getting a Greenworks 21" mower in the winter (hoping there is a seasonal price drop.) I got their chainsaw this year and I love it, I already got about three years' worth of firewood from it, and the tools are interchangeable with the batteries (important if you plan to buy other battery-operate...
by harvestbook
Sat Aug 17, 2019 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a break in your 50s: Is it the kiss of death?
Replies: 86
Views: 8848

Re: Taking a break in your 50s: Is it the kiss of death?

I am currently on a break at 57 and I consider it "the kiss of life."
I'm self-employed and don't have to bow and scrape for interviews, so maybe that's different. What isn't different is I can do a lot of things now that I can't or won't do in my seventies.
by harvestbook
Thu Aug 15, 2019 7:29 am
Forum: Investing - Theory, News & General
Topic: Why is market timing bad in this case?
Replies: 52
Views: 3393

Re: Why is market timing bad in this case?

Plenty of people believe this bull market didn't start until 2013 when it matched previous highs, and as noted we've had several corrections of around 20 percent during this period. You can quibble on intraday or close-of-day, which index you're using, etc., but in general 20 percent is an arbitrary...
by harvestbook
Wed Aug 14, 2019 9:32 am
Forum: Personal Investments
Topic: Is my 529 glide path too aggressive?
Replies: 20
Views: 1697

Re: Is my 529 glide path too aggressive?

I'm in the sophomore year and our state-run 529 is 15/85 that we currently draw from. The other, larger one at Vanguard is 50/50. We should have enough in bonds now to get through undergrad, and figuring there will be some left for grad school, which will be three to seven years in the future. My ph...
by harvestbook
Sat Aug 10, 2019 7:13 am
Forum: Investing - Theory, News & General
Topic: Small Value Tilting Increases Exposure To Unknown Risks?
Replies: 7
Views: 823

Re: Small Value Tilting Increases Exposure To Unknown Risks?

My belief is that I theoretically make money on risk. This is acceptable to me, albeit risky! So it doesn't bother me, especially the stuff I don't know about, which is pretty much everything.
by harvestbook
Wed Aug 07, 2019 12:21 pm
Forum: Investing - Theory, News & General
Topic: 10 year treasury yield
Replies: 34
Views: 2889

Re: 10 year treasury yield

Nine months ago, many people were saying (including on this board) that "Rates have nowhere to go but up."
by harvestbook
Tue Aug 06, 2019 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Financial anxiety and next steps in relationship
Replies: 102
Views: 7749

Re: Financial anxiety and next steps in relationship

You'd have been better off marrying her and then posting on the forum. This thread is proof enough that money doesn't buy happiness. I married into debt and I'd have paid ten times as much to be where we are now, and facing the challenge together was a wonderful exercise in growth. You don't know th...
by harvestbook
Fri Jul 26, 2019 1:39 pm
Forum: Personal Investments
Topic: Reaction to market correction
Replies: 19
Views: 2212

Re: Reaction to market correction

Sounds like you got a pretty cheap lesson in what your real AA ought to be. I had the exact opposite reaction--the correction not only didn't bother me, it made me wonder why I held 10 percent bonds, so I've stopped adding bonds for now. Like JoMoney, I don't like sudden changes based on a fleeting ...
by harvestbook
Fri Jul 26, 2019 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Why save HSA receipts?
Replies: 34
Views: 3107

Re: Why save HSA receipts?

IMO, postponing HSA expenses to after retirement is stupid in most situations. Why do you say that? It grows tax free and is invested in the stock market. We put in more than we can take out each year (about double). It's just more tax advantaged space, but the HSA is the only space that is triple ...
by harvestbook
Wed Jul 24, 2019 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Getting money from a 529
Replies: 45
Views: 3354

Re: Getting money from a 529

For this school year, daughter's first year off campus, I am having 529 distributions sent to her checking account for rent, food, and supplies in the amount of expected expenses stated on the school's website. (Budgeting by month so she doesn't do like I did and blow it all partying in the first tw...
by harvestbook
Wed Jul 17, 2019 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Do you care about your home appreciating?
Replies: 91
Views: 5518

Re: Do you care about your home appreciating?

I'm not a maximalist, so for me a house is just a base of operations for my other investments, at lowest cost possible, and getting fringe benefits like a garden, firewood, open space, and, if needed in an emergency, a surface supply of fresh, clean water. Money not spent on housing can be invested,...
by harvestbook
Wed Jul 03, 2019 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 141
Views: 15111

Re: Staying the course is so hard (support thread)

I'd sell the 2,400-sf house and buy a 1,200-sf house and try to retire in eight years.
My daughter just finished her first year of college and has spent exactly three nights with us this summer.
by harvestbook
Mon Jul 01, 2019 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Would we regret buying a 2nd home?
Replies: 90
Views: 9042

Re: Would we regret buying a 2nd home?

We have a modest second home on the coast, paid off, a six-hour drive. We're still tinkering with minor renovations years later, and most of our "vacations" consist of driving there to do work, although we usually take a day or two to actually have fun each trip. Even though ongoing costs are not to...
by harvestbook
Mon Jul 01, 2019 7:30 am
Forum: Investing - Theory, News & General
Topic: Is anyone else worried about tech becoming too big/overvalued?
Replies: 54
Views: 4818

Re: Is anyone else worried about tech becoming too big/overvalued?

Tesla is an energy company as much as an automobile company. Their battery systems may end up being their most valuable asset. Amazon is not just a retailer--they provide cloud service, they publish books and create video content, they stream video and license ebooks, they host tens of thousands of ...
by harvestbook
Sat Jun 29, 2019 12:22 pm
Forum: Personal Investments
Topic: What percentage of total portfolio in REIT's do you have? Why? . . Why not?
Replies: 229
Views: 17051

Re: What percentage of total portfolio in REIT's do you have? Why? . . Why not?

I keep five percent in US REIT Index and 5 percent in global REIT (overall portfolio is 93/7 or so right now). Mostly because I started out with a Merriman Buy & Hold which I've since modified a little, but I like the slight non-correlation with Total Stock Markets. Since real estate is the world's ...
by harvestbook
Sat Jun 15, 2019 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Article on high deductible health plans - and the math
Replies: 120
Views: 10102

Re: Article on high deductible health plans - and the math

When I became self-employed in 2011, we had private insurance that we very seldom used (mostly just the free annual physical, and my wife rarely even did that). My daughter was also on the plan. Costs escalated 15 percent a year and this year would've been $15,000. So I paid more than $100,000 to th...
by harvestbook
Sun Jun 09, 2019 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 20882

Re: Paying for rent is throwing away money...myth?

I view owning as a necessary evil--an ongoing liability, not an asset. I own and paid off because now my monthly housing payout is extremely low, allowing me to have a lower emergency fund and a more aggressive AA. It also likely solves the problem of housing in retirement, assuming reasonable healt...
by harvestbook
Fri Jun 07, 2019 5:47 pm
Forum: Personal Consumer Issues
Topic: Lodging and restaurants in Boone, NC.
Replies: 21
Views: 1577

Re: Lodging and restaurants in Boone, NC.

Boone resident here. Blowing Rock is quite a bit more expensive, if that matters to you. Boone has lots of relatively standard-nice hotels due to its becoming a football town. The best local burger joint in Boone is Comeback Shack on the main drag. Horton Hotel has a bar on the roof right in the hea...
by harvestbook
Thu May 30, 2019 11:48 am
Forum: Personal Investments
Topic: Inverted Yield Curve, should i be buying VBTLX?
Replies: 26
Views: 3619

Re: Inverted Yield Curve, should i be buying VBTLX?

You can find plenty of posts here from a year ago that declared with complete confidence that "bond rates have nowhere to go but up." In other words, nobody knows anything for sure. Total Bond Fund covers all the bases.
by harvestbook
Wed May 29, 2019 6:36 pm
Forum: Personal Investments
Topic: What else can I do to achieve FIRE?
Replies: 58
Views: 5081

Re: What else can I do to achieve FIRE?

I'd recommend visiting the Mr. Money Mustache forum and post in Case Studies--there are people who are aiming to do what you want to do or have already done it, and it's more specific to what you're asking than Bogleheads generally covers (although the core principles of simplicity and low cost are ...
by harvestbook
Wed May 22, 2019 9:22 am
Forum: Personal Investments
Topic: Kids accounts: Vanguard Total World Stock
Replies: 36
Views: 3615

Re: Kids accounts: Vanguard Total World Stock

For education purposes, it's certainly easily explainable--the "simplicity" that is often vaunted here. "Hey, kid, you own a tiny share of every public company in the entire world, around 8,000 of them. When somebody buys manga in Japan or a candy bar in Switzerland or gas at the corner station, you...
by harvestbook
Mon May 20, 2019 6:26 am
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 15586

Re: FIRE - What am I missing in the News Stories

Many say they have retired from their software engineering position and now make coffee at Starbucks. That's not retired. That is literally retired. We apply the same concept to people who retire from the military, or from sports or other activities. Retiring simply does not mean "never again doing...
by harvestbook
Sat May 18, 2019 6:51 am
Forum: Investing - Theory, News & General
Topic: How much is the 401K and retirement savings propping up the market?
Replies: 26
Views: 3508

Re: How much is the 401K and retirement savings propping up the market?

I'm self-employed so I invest every time I get a few spare dollars. And also people are constantly cashing out of their 401ks, too. It's always in flux. I don't see much changing in the course of the next few generations.
by harvestbook
Sun May 05, 2019 2:33 pm
Forum: Personal Investments
Topic: OH no, ANOTHER "Should I pay off my Mortgage with Taxable acct" question, with a bit of a twist?
Replies: 40
Views: 4354

Re: OH no, ANOTHER "Should I pay off my Mortgage with Taxable acct" question, with a bit of a twist?

coachd50 wrote:
Sun May 05, 2019 9:59 am
Is it stupid, since the increased cash flow from no longer having to make a monthly mortgage payment will simply be invested into the taxable account I just drew down to pay off the mortgage?
Leaving the account alone and paying down the mortgage with incoming money seems better to me.
by harvestbook
Wed May 01, 2019 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: I'm not going to run out
Replies: 62
Views: 9278

Re: Retirees: I'm not going to run out

Only semi-retired but I worry more about running out of viable time than running out of money. More money can be made, but time can't.
by harvestbook
Tue Apr 30, 2019 6:45 am
Forum: Investing - Theory, News & General
Topic: Is factor-based small-value/Fama-French tilting worth it?
Replies: 101
Views: 7270

Re: Is factor-based small-value/Fama-French tilting worth it?

I tilt 10 percent. Based on the number of people who say the small value factor is played out and has no premium anymore, combined with its underperformance in the large-growth era providing recency bias and confirmation bias for many, gives me some reassurance. But I doubt it makes much difference ...
by harvestbook
Sat Apr 27, 2019 10:02 pm
Forum: Investing - Theory, News & General
Topic: HSA AA/Location - What you do and Why ?
Replies: 18
Views: 1499

Re: HSA AA/Location - What you do and Why ?

We don't consider our HSA a "retirement" account, since it will be used for medical expenses throughout our life, including before retirement. Our invested portion is 100 percent stocks (about 10 percent international at the moment.) We put $3,500 each year in our credit union HSA earning 2.5 percen...
by harvestbook
Fri Apr 12, 2019 8:59 am
Forum: Personal Consumer Issues
Topic: Gardening 2019
Replies: 113
Views: 10951

Re: Gardening 2019

Zone 6b in NC mountains, have lettuce and peas coming up. Kale, spinach, chinese cabbage, turnips should come up after current rain. Onion sets in. The rest of the stuff is in the picture window under grow lights. Have a dump truck load of chicken manure next door I'm moving in five-gallon buckets. ...