Search found 560 matches

by TN_Boy
Mon Dec 03, 2018 2:11 am
Forum: Personal Finance (Not Investing)
Topic: Proper way to retire
Replies: 57
Views: 6364

Re: Proper way to retire

Is it proper to give a two weeks notice to retire then take two weeks off vacation time that was earned and return to work for one last day of work to close out the pay period? I do not want to carry vacation time for next year but plan on leaving the first week of January. Can a person be laid off...
by TN_Boy
Wed Nov 28, 2018 2:15 pm
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 17015

Re: Do you need to invest mostly in stocks to get rich?

Thanks for the comprehensive answer. Ha ha, one of the good things about real estate is it forces one to buy and hold. There is no minute by minute value on a property, and you can't sell it in half a second. I think that is why the average person has most of their net worth in their house, because...
by TN_Boy
Wed Nov 28, 2018 11:32 am
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 17015

Re: Do you need to invest mostly in stocks to get rich?

Stuff deleted I'm curious how long you think it would take the average person to save enough for a down payment for a rental property. Where I live, the average single family costs over $500k and a multi-unit buildings more than that. I'm curious if you think people should forego a company 401k mat...
by TN_Boy
Tue Nov 27, 2018 5:51 pm
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 17015

Re: Do you need to invest mostly in stocks to get rich?

Also told that when you get older, your joints will start hurting, you don't feel as great, your sex drive does down, you get tired more, and you aren't as strong. Again, people believe this rubbish, not knowing that you don't have to accept these things. I don't know how old you are, but if you do...
by TN_Boy
Tue Nov 27, 2018 5:45 pm
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 17015

Re: Do you need to invest mostly in stocks to get rich?

People are told that you should invest in a 401k, sacrifice, bite your tongue, have no freedom, and work for 30-40 years and then you will have enough money to retire and finally "enjoy life". Also told that when you get older, your joints will start hurting, you don't feel as great, your sex drive...
by TN_Boy
Tue Nov 27, 2018 2:48 pm
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 17015

Re: Do you need to invest mostly in stocks to get rich?

As usual I am bemused by the "wisdom" here. Let me see if I have this right: 1) Picking real estate is easy (random selection works?!) 2) Property management is trivial 3) Things get better when real estate prices go down during recessions (this one is new to me) That does sound awesome. 4) The oth...
by TN_Boy
Tue Nov 27, 2018 2:28 pm
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 17015

Re: Do you need to invest mostly in stocks to get rich?

I happen to think that its a VERY forgiving investment. Take my family for instance. My parents randomly bought real estate starting in '92, and bought a new property once every 5-7 years roughly. Now, several million in real estate equity, and ~$80K in annual net income. And guess what? They didn'...
by TN_Boy
Tue Nov 27, 2018 10:09 am
Forum: Personal Consumer Issues
Topic: Upgrade Canon 60D to FF or new iPhone?
Replies: 50
Views: 1997

Re: Upgrade Canon 60D to FF or new iPhone?

stuff deleted ... For people commenting that OP's wife can effectively market herself as a wedding photographer with an iPhone. It's not always that easy, yes, an iPhone can take award winning professional level photos but a big part of professional and/or pro-sumer grade gear is that it is a relia...
by TN_Boy
Tue Nov 27, 2018 9:52 am
Forum: Personal Consumer Issues
Topic: So that's why 2-day shipping isn't what I expected!
Replies: 41
Views: 4952

Re: So that's why 2-day shipping isn't what I expected!

this is why I canceled 'Prime' - why would I pay for two day shipping if i'm not getting two day shipping?? I'd say we get 95% of our stuff within the two days (e.g. order on Sunday, arrive Tuesday). Prime shipping has absolutely been great. As others note, two-day SHIPPING means it takes ..... two...
by TN_Boy
Tue Nov 27, 2018 9:35 am
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 17015

Re: Do you need to invest mostly in stocks to get rich?

I happen to think that its a VERY forgiving investment. Take my family for instance. My parents randomly bought real estate starting in '92, and bought a new property once every 5-7 years roughly. Now, several million in real estate equity, and ~$80K in annual net income. And guess what? They didn'...
by TN_Boy
Mon Nov 26, 2018 9:01 pm
Forum: Personal Consumer Issues
Topic: Upgrade Canon 60D to FF or new iPhone?
Replies: 50
Views: 1997

Re: Upgrade Canon 60D to FF or new iPhone?

What makes me chuckle is the “she shoots weddings” comments and then the throwing an iPhone into the conversation. If I hired a wedding photographer and they showed up with their cellphone I’d refuse to pay. Bingo. I would rate someone’s work on their work, not their choice of equipment. 5 Movies F...
by TN_Boy
Mon Nov 26, 2018 2:06 pm
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 17015

Re: Do you need to invest mostly in stocks to get rich?

VUSTX - Vanguard Long Term Treasury Fund is used by Portfolio Visualizer Yes, average maturity 25 years. In a period of falling interest rates -- like the period you are VERY focused on -- this was a fine fund to own. When interest rates go up, it is less fun (witness the moderate beating that fund...
by TN_Boy
Sun Nov 25, 2018 8:22 pm
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 17015

Re: Do you need to invest mostly in stocks to get rich?

VUSTX - Vanguard Long Term Treasury Fund is used by Portfolio Visualizer Yes, average maturity 25 years. In a period of falling interest rates -- like the period you are VERY focused on -- this was a fine fund to own. When interest rates go up, it is less fun (witness the moderate beating that fund...
by TN_Boy
Sun Nov 25, 2018 7:53 pm
Forum: Personal Consumer Issues
Topic: Upgrade Canon 60D to FF or new iPhone?
Replies: 50
Views: 1997

Re: Upgrade Canon 60D to FF or new iPhone?

^ Thanks. Good info. She likes mostly prime lenses so don't think she'd use the telephoto much. So that makes sense to check with her first before buying. I'm usually the researcher with the tech specs of new equipment and she's the talent behind the camera. Yes, before you buy a camera, I think yo...
by TN_Boy
Sun Nov 25, 2018 7:47 pm
Forum: Personal Consumer Issues
Topic: Point and shoot camera
Replies: 130
Views: 6182

Re: Point and shoot camera

I hope some of you know the answer to the following question. I just compared few indoor pictures taken from iPhone7+ and Sony A6000 kit lens. The Sony picture shows ISO of 3200 without using flash but iPhone shows ISO 100. HOWEVER, when you start pixel peeping the actual noise in the picture, the ...
by TN_Boy
Sun Nov 25, 2018 7:42 pm
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 17015

Re: Do you need to invest mostly in stocks to get rich?

Some relevant comments by Dr. Bernstein regarding the difference in stock and bond returns in the 20th century. Turned out he was right. [...] http://www.efficientfrontier.com/ef/402/2cent.htm I note that you conveniently ignored the next to the last line of that piece: Which brings us back, as usu...
by TN_Boy
Sat Nov 24, 2018 10:41 pm
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 17015

Re: Do you need to invest mostly in stocks to get rich?

Warren Buffet did not buy index funds. He bought individual businesses and put up huge sums of money for a single business. This is the polar opposite mentality of an index fund investor (who is scared to do this or deems it "risky"). Buffett, while providing significant evidence to the fact that t...
by TN_Boy
Fri Nov 23, 2018 12:47 pm
Forum: Investing - Theory, News & General
Topic: How to Withdraw Money in Retirement, Following a Down Year
Replies: 58
Views: 5433

Re: How to Withdraw Money in Retirement, Following a Down Year

Perhaps I overstated. Though, I'm reaching a bit to come up with good examples where one would pull from stocks in/after a down year. You're 50-50, market dropped 20%. You'd pull from stocks the next year for expenses? In that case, the portfolio would drop to 45/55. I wouldn't be pulling from stoc...
by TN_Boy
Thu Nov 22, 2018 1:09 pm
Forum: Investing - Theory, News & General
Topic: How to Withdraw Money in Retirement, Following a Down Year
Replies: 58
Views: 5433

Re: How to Withdraw Money in Retirement, Following a Down Year

My point is that most of the BHs that weigh in on topics like this are in agreement that in down years, you pull from bonds (or cash). Great. I think the more interesting question is, what next? What's the multi-year strategy? (Note: those withdrawing 2% of your portfolio, I don't care what your an...
by TN_Boy
Wed Nov 21, 2018 10:14 pm
Forum: Investing - Theory, News & General
Topic: How to Withdraw Money in Retirement, Following a Down Year
Replies: 58
Views: 5433

Re: How to Withdraw Money in Retirement, Following a Down Year

We should just agree to disagree :happy I simply don't follow the value of a multi-year cash emergency fund in retirement. (I also don't like calling it an emergency fund ... I expect market crashes). Over the long haul, a cash bucket will reduce returns. Yes, bonds and stocks may both drop in the ...
by TN_Boy
Wed Nov 21, 2018 8:17 pm
Forum: Investing - Theory, News & General
Topic: How to Withdraw Money in Retirement, Following a Down Year
Replies: 58
Views: 5433

Re: How to Withdraw Money in Retirement, Following a Down Year

We should just agree to disagree :happy I simply don't follow the value of a multi-year cash emergency fund in retirement. (I also don't like calling it an emergency fund ... I expect market crashes). Over the long haul, a cash bucket will reduce returns. Yes, bonds and stocks may both drop in the ...
by TN_Boy
Wed Nov 21, 2018 2:55 pm
Forum: Investing - Theory, News & General
Topic: How to Withdraw Money in Retirement, Following a Down Year
Replies: 58
Views: 5433

Re: How to Withdraw Money in Retirement, Following a Down Year

My "buffer" looks a lot like TIPS and bond funds. I don't see the value in a bucket of cash; over time a cash bucket will slightly depress overall portfolio returns. In down years, I would take from the bonds. In retirement, why complicate things with an "emergency fund?" TN_Boy, <<My "buffer" look...
by TN_Boy
Wed Nov 21, 2018 1:39 pm
Forum: Investing - Theory, News & General
Topic: How to Withdraw Money in Retirement, Following a Down Year
Replies: 58
Views: 5433

Re: How to Withdraw Money in Retirement, Following a Down Year

OP, If you have 2 years worth of emergency fund, why do you need to withdraw a specific amount for current year expense? Keep a buffer of 1 year to 2 years. You could withdraw more in a good year or less in a bad year but stick to a fixed percentage (4%). You could do that if you have 2 years of ex...
by TN_Boy
Wed Nov 21, 2018 1:35 pm
Forum: Investing - Theory, News & General
Topic: How to Withdraw Money in Retirement, Following a Down Year
Replies: 58
Views: 5433

Re: How to Withdraw Money in Retirement, Following a Down Year

Question: What do EM and ECM refer to? Those are two withdrawal methods that McClung invented. His backtesting seemed to indicate that they behaved quite well in the past and might be solid candidates for retirees. I don't believe many people elected to use them though. AlohaJoe studied the matter ...
by TN_Boy
Tue Nov 20, 2018 5:50 pm
Forum: Personal Consumer Issues
Topic: New car choice for low mileage driving: Prius Prime Premium or Subaru Impreza Premium?
Replies: 21
Views: 1642

Re: New car choice for low mileage driving: Prius Prime Premium or Subaru Impreza Premium?

We want to replace a 2002 VW Passat that has appearance issues but runs pretty well, with a new 2018 Prius Prime Premium or a 2019 Subaru Impreza Premium. But this car will only be driven about 4000 miles a year. These are about half highway and half city miles. We especially would like lane avoida...
by TN_Boy
Tue Nov 20, 2018 11:23 am
Forum: Investing - Help with Personal Investments
Topic: Current Retirees: Do you touch your principal?
Replies: 79
Views: 8240

Re: Current Retirees: Do you touch your principal?

I think the OP, and some of us, would like to know: is your net worth keeps decline during retirement years, steady, or actually rises? It depends on when they retire. People who retired in 2012 are doing very well but people who are retiring this year or next are heading into rough sea. The so cal...
by TN_Boy
Mon Nov 19, 2018 9:24 am
Forum: Investing - Help with Personal Investments
Topic: Current Retirees: Do you touch your principal?
Replies: 79
Views: 8240

Re: Current Retirees: Do you touch your principal?

I think the OP, and some of us, would like to know: is your net worth keeps decline during retirement years, steady, or actually rises? I can't speak for others, of course, but I am going to assert that given: 1) A rising stock market over the last 9 years or so 2) Generally conservative BH spendin...
by TN_Boy
Sun Nov 18, 2018 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Am I understanding this right about DAFs? If so...wow
Replies: 33
Views: 3952

Re: Am I understanding this right about DAFs? If so...wow

One consideration is that you get the standard deduction, so the benefit of donations is only from amounts you give above the standard deduction. Also keep in mind that the DAF will charge expenses, so it might behoove you to do #3. Basically the choice is between staying in non optimal funds vs th...
by TN_Boy
Tue Nov 13, 2018 9:09 am
Forum: Personal Consumer Issues
Topic: Point and shoot camera
Replies: 130
Views: 6182

Re: Point and shoot camera

I don't even understand why this thread is a thing. OP asked for a P&S, not any of the other things folks are trying to sell him. He later clarified that he's not interested in spending a ton. 90% of the posts here aren't helpful or responsive. There are many threads where someone asks for advice a...
by TN_Boy
Mon Nov 12, 2018 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Panic set in... now what?
Replies: 63
Views: 11053

Re: Panic set in... now what?

In response to a suggestion, I have edited my original posting and added some additional information. Thanks. I don't understand why are you complicating your life by moving assets to Vanguard. There are plenty of excellent low cost investment choices at Fidelity. I also find Fidelity's website and...
by TN_Boy
Sun Nov 11, 2018 11:11 am
Forum: Personal Consumer Issues
Topic: Point and shoot camera
Replies: 130
Views: 6182

Re: Point and shoot camera

Most stuff deleted ... I really need the zoom since it's not always possible to get closer to what I need. I am continually baffled at the number of "just use your cellphone" posters who do not understand this simple fact. Enjoy your camera buying -- I"m sure you can find a decent point and shoot t...
by TN_Boy
Sun Nov 11, 2018 11:06 am
Forum: Personal Consumer Issues
Topic: Point and shoot camera
Replies: 130
Views: 6182

Re: Point and shoot camera

Going to B&H tomorrow or the next day, but will spend some time on the KEH site before then. If you are in NYC that is a great choice. Be sure to check that they will be open since they close often for religious holidays. Well... I used to shop for camera equipment somewhat often in NYC, and I don'...
by TN_Boy
Fri Nov 09, 2018 8:10 pm
Forum: Personal Consumer Issues
Topic: Point and shoot camera
Replies: 130
Views: 6182

Re: Point and shoot camera

I have too many cameras, but accumulating them is kind of a hobby. Here is one decent point and shoot: https://www.amazon.com/Olympus-Waterpro ... 73ea7b9899 The cool thing -- water proof. But yeah, $400. I bought an Olympus TG-4 a few years ago and it is great for travel. It is waterproof and toug...
by TN_Boy
Fri Nov 09, 2018 3:15 pm
Forum: Personal Consumer Issues
Topic: Point and shoot camera
Replies: 130
Views: 6182

Re: Point and shoot camera

I feel like the majority of the answers here were written in 2008 rather than 2018. How so? With the exception of mirrorless and smartphones, and the addition of 4k to most advanced camera systems, there hasn't been much technological headway in regards to the other categories, especially small-sen...
by TN_Boy
Fri Nov 09, 2018 2:34 pm
Forum: Personal Consumer Issues
Topic: Point and shoot camera
Replies: 130
Views: 6182

Re: Point and shoot camera

Cosmo wrote:
Fri Nov 09, 2018 2:30 pm
I feel like the majority of the answers here were written in 2008 rather than 2018.
How so?
by TN_Boy
Fri Nov 09, 2018 2:06 pm
Forum: Personal Consumer Issues
Topic: Point and shoot camera
Replies: 130
Views: 6182

Re: Point and shoot camera

wait for black friday. while you are waiting, read this: https://thewirecutter.com/reviews/best-point-and-shoot-camera/ Ouch! Those are $700 buck cameras - too rich for me - that's what I pay for the flight! What is your budget? If $700 is too much, what's the limit? In today's dollars, your expire...
by TN_Boy
Fri Nov 09, 2018 12:22 pm
Forum: Personal Consumer Issues
Topic: Point and shoot camera
Replies: 130
Views: 6182

Re: Point and shoot camera

Look at all the recommendations given here for a worthwhile P&S camera. They are all in $700+ range. My point was that if you thought you could get a good P&S for under $200 to take better pictures that your smartphone is capable of, you will be wrong. By the way, I have Sony A6000 mirrorless and c...
by TN_Boy
Fri Nov 09, 2018 12:10 pm
Forum: Personal Consumer Issues
Topic: Point and shoot camera
Replies: 130
Views: 6182

Re: Point and shoot camera

Since we're in November, I'd wait for Black Friday deals. I'd seriously consider a small DSLR like the Nikon D3500 w/ 18-55 kit lens. The photos are significantly better. Mirrorless cameras (Sony A6000) are also significantly better than point and shot and much more compact than a DSLR. If not, Can...
by TN_Boy
Fri Nov 09, 2018 11:59 am
Forum: Personal Consumer Issues
Topic: Point and shoot camera
Replies: 130
Views: 6182

Re: Point and shoot camera

I think it has been said enough times. What you are looking for no longer exist. To take better pictures than your smartphone is capable of taking, you have to pay even more than the cost of your smartphone. That ship has sailed. Respectfully I beg to differ. My iPhone SE cannot hold a candle to mu...
by TN_Boy
Wed Nov 07, 2018 10:56 am
Forum: Investing - Theory, News & General
Topic: This man can predict when bubbles burst: time to time the market?
Replies: 145
Views: 10740

Re: This man can predict when bubbles burst: time to time the market?

It seems like you are a bit infatuated with one researcher based on your daughter studying at ETH Yes it's costing me a fortune, and she could have studied at Ecole Normale Superieure for free, in fact they would have paid her a scholarship. But her boyfriend is in Zurich. :oops: Also the bankruptc...
by TN_Boy
Wed Nov 07, 2018 9:43 am
Forum: Investing - Theory, News & General
Topic: This man can predict when bubbles burst: time to time the market?
Replies: 145
Views: 10740

Re: This man can predict when bubbles burst: time to time the market?

Stuff deleted ... I am very familiar with Taleb's advice; US treasuries are not suitable for non US investors due to currency risks; gilts are suitable for Uk investors, even though they may not be as safe as treasuries. However, whereas Taleb manages risk through antifragility because he thinks bl...
by TN_Boy
Sat Nov 03, 2018 8:52 am
Forum: Investing - Help with Personal Investments
Topic: Panic set in... now what?
Replies: 63
Views: 11053

Re: Panic set in... now what?

I have roughly 1M (over 800K in cash right now) in retirement funds plus 600K in non-retirement cash. I believe I could go for 10 years without drawing from my retirement funds since my home is paid for. I'd go for 50/50 for 5 years, then 40/60 after that. I don't think anybody would fault you for ...
by TN_Boy
Fri Nov 02, 2018 6:52 pm
Forum: Personal Consumer Issues
Topic: Weight Training After 70
Replies: 33
Views: 2408

Re: Weight Training After 70

The better approach is to train "movement patterns" rather than "muscle groups" because that's how we interact with our environment. We squat down, we bend over, we pick things up, and we lift and move things over our heads. Check out Starting Strength, which is a program focused on squats, deadlif...
by TN_Boy
Fri Nov 02, 2018 5:02 pm
Forum: Personal Consumer Issues
Topic: Thoughts on the New Macbook Air?
Replies: 70
Views: 4086

Re: Thoughts on the New Macbook Air?

Contrarian opinion: the best apple notebook for most people right now is the old macbook air. $999. And more than powerful enough for most people. Apple likes to hype the superiority of the new screens and touts the new specs as being meaninful for everyone but in reality it's only power users that...
by TN_Boy
Fri Nov 02, 2018 4:09 pm
Forum: Investing - Theory, News & General
Topic: David Swensen Unconventional Success
Replies: 99
Views: 8872

Re: David Swensen Unconventional Success

I was a diehard fan of Swensen and implemented his portfolio for 15+ years and CONSISTENTLY UNDER PERFORMED the 3 fund portfolio BY A STAGGERING 200% over 15 years. Few years ago I redid my portfolio in a simple 2 fund format - Total stock market + Intermediate Bonds. Swensen is outdated, as is his...
by TN_Boy
Fri Nov 02, 2018 3:56 pm
Forum: Personal Consumer Issues
Topic: Weight Training After 70
Replies: 33
Views: 2408

Re: Weight Training After 70

I am 73. Convalescence after two (2) major episodes of foot surgery restricted my activity level for nearly three (3) years. This resulted in loss of muscle strength in my lower body as well as my upper body. I have begun a regimen of weight-training to try to regain some lost muscle strength. I ha...
by TN_Boy
Fri Nov 02, 2018 9:25 am
Forum: Personal Consumer Issues
Topic: Thoughts on the New Macbook Air?
Replies: 70
Views: 4086

Re: Thoughts on the New Macbook Air?

I've been holding off on replacing my 2010 (that's not a typo) Macbook Pro for a lonnnnng time. Just couldn't pull the trigger on a new computer. But, I'm tempted by the new Macbook Air. My only hesitation (at this point) is the microprocessor. According to trustedreviews.com: A dual-core 8th gen I...
by TN_Boy
Fri Nov 02, 2018 8:51 am
Forum: Investing - Help with Personal Investments
Topic: Panic set in... now what?
Replies: 63
Views: 11053

Re: Panic set in... now what?

I have roughly 1M (over 800K in cash right now) in retirement funds plus 600K in non-retirement cash. I believe I could go for 10 years without drawing from my retirement funds since my home is paid for. I'd go for 50/50 for 5 years, then 40/60 after that. I don't think anybody would fault you for ...
by TN_Boy
Thu Nov 01, 2018 9:05 am
Forum: Investing - Theory, News & General
Topic: ETF provider State Street unintentionally promotes traditional index funds
Replies: 38
Views: 2771

Re: ETF provider State Street unintentionally promotes traditional index funds

The game was reasonably fun, though the scores seemed unnecessarily inflated. To be honest, for a passive investor, is there ever any good reason to buy ETFs? I can't think of a single reason off the top of my head. You should have several reasons now on the top of your head! For me, I found that i...
by TN_Boy
Wed Oct 31, 2018 1:40 pm
Forum: Investing - Theory, News & General
Topic: Should we discourage the bond tent?
Replies: 53
Views: 4197

Re: Should we discourage the bond tent?

scout1, Your posts seem to be "I think the bond tent is wrong." Could you cite a reference with some backtesting rather than just assert "XXX is wrong?" What data/studies/papers have you seen convincing you this is true: "They just need to compare what they have tested to declining equity glide pat...