Search found 3066 matches

by 3CT_Paddler
Tue Sep 03, 2019 12:10 pm
Forum: Investing - Theory, News & General
Topic: Does having children hurt net worth?
Replies: 47
Views: 2091

Re: Does having children hurt net worth?

Bogle's thoughts from Don't Count on It is relevant to this discussion... I disagree, and align myself with Albert Einstein’s view: “ N ot everything that counts can be counted, and not everything that can be counted counts. ” Indeed, as you’ll hear again in another quotation I’ll cite at the conclu...
by 3CT_Paddler
Mon Sep 02, 2019 7:54 am
Forum: Personal Consumer Issues
Topic: Best college towns in the Southeastern US for retirees?
Replies: 80
Views: 8991

Re: Best college towns in the Southeastern US for retirees?

Charleston - College of Charleston
Athens - UGA
Winston-Salem - WFU
Raleigh/Durham - take your pick
Knoxville - UT

All are wonderful towns to retire in with great universities.
by 3CT_Paddler
Mon Aug 05, 2019 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Buy the house or continue to rent?
Replies: 39
Views: 3002

Re: Buy the house or continue to rent?

We have found a house that we both loved but it is priced a bit higher than we wanted. Purchase price is 720k, looking to buy with 30 year mortgage, 20% down. House is in a HCOL area near Seattle. Excellent neighborhood with best schools and 5 minute commute to our work. Everything below that price...
by 3CT_Paddler
Tue Jul 16, 2019 11:01 am
Forum: Personal Finance (Not Investing)
Topic: The Boglehead is anti-entrepreneur?
Replies: 79
Views: 7016

Re: The Boglehead is anti-entrepreneur?

The Boglehead philosophy is not antithetical to entrepreneurship.

The Boglehead tribe as a group is not very entrepreneurial. The self selection bias is for those who have a 401k looking for advice. That is going to be mostly people working salaried positions for corporations and institutions.
by 3CT_Paddler
Sun Jun 16, 2019 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice — asking for the “gray hair perspective”
Replies: 50
Views: 4435

Re: Career advice — asking for the “gray hair perspective”

You laid out an example where your firm charges a couple months of multiple lawyer's time to do the work, and you have it down to a week. That has to be on the order of $100,000 to $400,000 in savings. How often does a client need this service and how many clients are there for this type of work? An...
by 3CT_Paddler
Sat Jun 15, 2019 5:59 am
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 355
Views: 44177

Re: How Bad was 2008, really?

Reading through this interesting thread and realize I don’t have a good understanding of how this works. Say you are 100% invested in the total Stock Market Index and to keep it simple we are not contributing anymore to this fund and this is the only fund we have. Then 2008 or any big crash comes a...
by 3CT_Paddler
Sat Jun 15, 2019 5:55 am
Forum: Investing - Theory, News & General
Topic: What is wrong with AQR?
Replies: 128
Views: 8358

Re: What is wrong with AQR?

What you see is very similar returns and SD (B slightly better in both cases), but loadings for A are .6 on market beta and .16 on term. For B it's like .41 market beta, .31 on size, .26 on value, and importantly .23 on TERM (so much higher there, helping to pull in tails). So clearly with just lon...
by 3CT_Paddler
Mon Jun 10, 2019 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Which Engineering Discipline for the next 20+ years !!!
Replies: 168
Views: 18652

Re: Which Engineering Discipline for the next 20+ years !!!

Michigan is interesting? As I understand it, the Governor is trying to break the deadlock. Damaged suspension systems is a real thing for Michigan drivers - a real cost, and frequent enough to count as same. The US has a lot of infrastructure. Some of it is decaying - there was a big build-out in t...
by 3CT_Paddler
Mon Jun 10, 2019 5:36 am
Forum: Personal Finance (Not Investing)
Topic: Which Engineering Discipline for the next 20+ years !!!
Replies: 168
Views: 18652

Re: Which Engineering Discipline for the next 20+ years !!!

Civil Engineering, majoring in either Environmental or Structural. Not glamorous or the highest-paid, but with the USA's infrastructure decaying at an alarming rate, employment opportunities abound and the type of work to be done cannot be outsourced overseas. You won't be filthy stinking rich, but...
by 3CT_Paddler
Mon Jun 10, 2019 5:13 am
Forum: Personal Finance (Not Investing)
Topic: Which Engineering Discipline for the next 20+ years !!!
Replies: 168
Views: 18652

Re: Which Engineering Discipline for the next 20+ years !!!

One more thing. Convince him to become a good communicator, both written and verbal. If he is like many of us tech types, he will resist this. The most important discriminator between highly-successful and just-successful engineers, technical skills being a given, is communication skill. I know, co...
by 3CT_Paddler
Fri Jun 07, 2019 8:51 am
Forum: Personal Finance (Not Investing)
Topic: how to deal with people who are not living boglehead way of life
Replies: 45
Views: 3041

Re: how to deal with people who are not living boglehead way of life

I am 36, single guy and consider myself boglehead but i live around people who never heard about boglehead way of life. My question is, what you can you do to help when a person/people close you (family member, friends) keep making financial mistake one after another. Examples, people around me don...
by 3CT_Paddler
Fri May 24, 2019 6:17 am
Forum: Investing - Theory, News & General
Topic: just a general comment about "too conservative" investors here
Replies: 151
Views: 16027

Re: just a general comment about "too conservative" investors here

Well said VT! :sharebeer

I think MarketTimer's thread on here in 2008-2009 is an all time lesson that intelligence and strategy loses out to plain ole common sense in the long run. It's a must read for any poster who takes a leveraged position and hasn't been through 2008.
by 3CT_Paddler
Tue May 21, 2019 10:29 am
Forum: Personal Consumer Issues
Topic: Relocate to Charleston SC?
Replies: 57
Views: 6178

Re: Relocate to Charleston SC?

I grew up in Charleston, and still have family there. In hindsight I appreciate it more now that I have been away. Some of the locals have a certain pride or snootiness about being a true Charlestonian - while still being courteous to most strangers. In many fields there the job market is below aver...
by 3CT_Paddler
Sun May 19, 2019 7:12 pm
Forum: Investing - Theory, News & General
Topic: Dividends almost Doubled between 2013 and now
Replies: 96
Views: 7794

Re: Dividends almost Doubled between 2013 and now

It was hoped that this would spur massive increases in employment and capital goods spending but in practice it has mostly been spent on increasing dividends and corporate stock buybacks, giving money back to investors. Repatriation of foreign profits has now slowed now to a trickle. The sugar high...
by 3CT_Paddler
Sun May 19, 2019 1:58 pm
Forum: Investing - Theory, News & General
Topic: Dividends almost Doubled between 2013 and now
Replies: 96
Views: 7794

Re: Dividends almost Doubled between 2013 and now

The 'boglehead way' is for those of us who don't have better information, and for better or worse have to accept that the corporate managers on average are making the best decisions with the information they have, and that the mutual fund management (to the best that they can) are using our proxy v...
by 3CT_Paddler
Sun May 19, 2019 1:49 pm
Forum: Investing - Theory, News & General
Topic: Dividends almost Doubled between 2013 and now
Replies: 96
Views: 7794

Re: Dividends almost Doubled between 2013 and now

It was hoped that this would spur massive increases in employment and capital goods spending but in practice it has mostly been spent on increasing dividends and corporate stock buybacks, giving money back to investors. Repatriation of foreign profits has now slowed now to a trickle. The sugar high...
by 3CT_Paddler
Thu May 16, 2019 11:58 am
Forum: Personal Investments
Topic: Thoughts on business purchase
Replies: 27
Views: 1562

Re: Thoughts on business purchase

Your family has basically won the game by having two well paid earners. If you get serious about saving you could retire closer to 55. That is less than 15 years away.

Investing so much in a manufacturing business when you have limited time to recover if things go poorly is risk piled on risk.
by 3CT_Paddler
Fri May 10, 2019 9:09 am
Forum: Personal Investments
Topic: Hedge against the decline of the Realtor profession
Replies: 48
Views: 4556

Re: Hedge against the decline of the Realtor profession

More insight into the class action lawsuit is here - https://www.inman.com/2019/03/08/what-the-bombshell-buyer-side-lawsuit-means-for-realtors/ It will probably be years until there is any resolution on this. Their facts are hard to dispute. NAR does have those policies. The MLS does have the unilat...
by 3CT_Paddler
Fri May 10, 2019 8:54 am
Forum: Personal Investments
Topic: Hedge against the decline of the Realtor profession
Replies: 48
Views: 4556

Re: Hedge against the decline of the Realtor profession

Technology enables a reduction in the price for Realtor services, but it is current law that keeps the 6% commission in play and will continue to keep it in play. The problem as I see it is that you can really only save 2% at most on the transaction fee with the current setup... you will still need ...
by 3CT_Paddler
Wed May 08, 2019 11:32 am
Forum: Investing - Theory, News & General
Topic: point of maximal pessimism for international investing
Replies: 66
Views: 6075

Re: point of maximal pessimism for international investing

I got the joke when you wrote about Taco Bell, but until then, I did take your post seriously. Because there are plenty of US citizens who unironically think in these narrow, almost nationalist terms :-? And since this forum is already quite biased towards US investing only, it'wasn't far fetched t...
by 3CT_Paddler
Thu Apr 11, 2019 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Bogleheads, why won't anyone hire me?
Replies: 194
Views: 18912

Re: Bogleheads, why wont anyone hire me?

Have you tried working with a recruiter or two? LinkedIn? Yes, and to be honest its all factory jobs where I am at. Perhaps real estate agent is my turning point. Are you not willing to relocate to somewhere with jobs? I would, I just have a house here, which I have no problem renting out as that i...
by 3CT_Paddler
Thu Apr 11, 2019 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Bogleheads, why won't anyone hire me?
Replies: 194
Views: 18912

Re: Bogleheads, why won't anyone hire me?

The fact that this topic already has 8,000 views just shows that many others are in the same boat and the bitter taste of the realities of the world in which we live. Now is a good time to apply to be a janitor. Nobody wants to touch the job with a 10ft pole now, but in the future when everyone els...
by 3CT_Paddler
Wed Apr 10, 2019 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Bogleheads, why won't anyone hire me?
Replies: 194
Views: 18912

Re: Bogleheads, why wont anyone hire me?

On mobile so quoting is hard, but will try to answer what I saw. Out of the 200 I applied to via indeed, LinkedIn, actual websites, I only had 4 interviews. With the soccer job, although I coach now, I created a program from scratch catering to kids 2-6 back in 2016. Although it was new at the time...
by 3CT_Paddler
Fri Apr 05, 2019 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 431
Views: 62422

Re: Losing a job in your 50's...

An intellectually honest discussion of this in general, not wrt to some particular person, IMO has to acknowledge the pretty clear reality that companies cut higher paid but not necessarily higher producing older workers basically because they want to increase profits, JackoC, Discrimination happen...
by 3CT_Paddler
Fri Apr 05, 2019 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 431
Views: 62422

Re: Losing a job in your 50's...

When everyone is acutely aware of this issue that is permanently damaging our livelihood why doesn't anyone do something about it ? Call your representatives to initiate a bill in congress. ... Anyone denying that there is substantial, unchecked age discrimination affecting our labor and employment...
by 3CT_Paddler
Tue Apr 02, 2019 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Only need 5% down to avoid PMI. Should we put less than 20% down and put balance toward renovations?
Replies: 34
Views: 2954

Re: Only need 5% down to avoid PMI. Should we put less than 20% down and put balance toward renovations?

What happens if one of you loses your job?

Great job on the income front, and you are being very reasonable with your purchase price vs income. With your income, why not put 20% down and cash flow the upgrades as you go?
by 3CT_Paddler
Sun Mar 10, 2019 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Budget help
Replies: 54
Views: 3303

Re: Budget help

Thanks all for your comments. I think the thread has run it's course and it's time to put it to rest. My feeling of our budget is the issue is not our spending (which I think is reasonably low) but rather the combination of the HELOC payment plus daycare payments. Both of these should go away in a ...
by 3CT_Paddler
Sat Mar 09, 2019 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Budget help
Replies: 54
Views: 3303

Re: Budget help

The reason why I don't wish to evaluate my spending publically to the nearest $50 is that most of you are not in the same phase of life as I am. You can look at the $50 in McDonalds that we buy, and say to buy less McDonalds. However, others who are in the same phase of life probably understand why...
by 3CT_Paddler
Sun Feb 24, 2019 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 431
Views: 62422

Re: Losing a job in your 50's...

Does anyone have examples of industries or jobs where being over 50 is to the workers advantage? I am sure there is a long list of them. Civil engineering is one I know personally that is littered with grey hairs. It's about profit center vs cost center. If you are in a role where you represent the...
by 3CT_Paddler
Sat Feb 23, 2019 6:29 am
Forum: Personal Finance (Not Investing)
Topic: Job Offer - 24 Hours to Decide?
Replies: 100
Views: 7627

Re: Job Offer - 24 Hours to Decide?

Did I miss the part where the OP asked for an extension and was denied or are you jumping to conclusions here? I am guessing the OP not taking the offer had little to do with the 24 hour request. The OP stated it was a factor in his deciding not to take the job, but it didn't sound like the main fa...
by 3CT_Paddler
Wed Feb 20, 2019 10:31 pm
Forum: Personal Consumer Issues
Topic: Some water ok in crawlspace?
Replies: 21
Views: 2001

Re: Some water ok in crawlspace?

Being in a drier climate you are probably fine. In our previous house in a beach town on the East Coast we did battle with a damp crawlspace. I did some work with redirecting all of my downspouts to a pipe system and laid new plastic in the crawlspace. Also ended up closing off all vents and putting...
by 3CT_Paddler
Tue Feb 05, 2019 6:04 am
Forum: Personal Finance (Not Investing)
Topic: Unpleasant surprise 2018 Federal Tax - high level overview?
Replies: 114
Views: 16795

Re: Unpleasant surprise 2018 Federal Tax - high level overview?

Sorry, but it's politics. My taxes went up as well this year. Withholding tables were adjusted incorrectly so that taxpayers thought they got a tax break up until the November elections, but then the truth came out. To add one more data point... We were about a thousand over the SALT limit but had ...
by 3CT_Paddler
Wed Jan 30, 2019 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Why doesn't a lot of money feel like a lot of money?
Replies: 205
Views: 22523

Re: Why doesn't a lot of money feel like a lot of money?

A few have mentioned figures in the millions being small or "mini". No, just no. Even at 4% SWR $1M is enough to get near the median US income; i.e. you can make almost as much as the average person in one of the wealthiest countries in the world at by far the most prosperous time in human history ...
by 3CT_Paddler
Wed Jan 30, 2019 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Why doesn't a lot of money feel like a lot of money?
Replies: 205
Views: 22523

Re: Why doesn't a lot of money feel like a lot of money?

My compensation at my previous firm was more bonus driven, and it was really weird to have a $20k bonus feel like not nearly as much as I thought it would. After taxes and 401k it was pared down to $11k, and then we also gave to charity which pared it down another $2k. At the end of the day it went ...
by 3CT_Paddler
Mon Jan 28, 2019 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: $500k, 5-bed house -- Can he really afford it and what to do?
Replies: 30
Views: 2827

Re: $500k, 5-bed house -- Can he really afford it and what to do?

Asking for a friend... He's single, 36 yo and makes about $120k on his engineering job. $100k in retirement funds. He's relocating from a LCOL to a relatively HCOL (MI) with his company (no relocation allowance, promoted but almost no raise). In LCOL (college town), he owns 5 inexpensive houses ($5...
by 3CT_Paddler
Sat Dec 15, 2018 9:32 pm
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 249
Views: 22702

Re: What Happened to you during the Financial crisis of 2007–2008

Wife and I purchased a house in 2007. It did not recover to exceed it's original value until 2013. The biggest issue was career/job. I didn't sweat the market drop. I did sweat that our civil engineering firm went from 400 to 130 employees. Raises were mostly non-existent. Any business tied to land ...
by 3CT_Paddler
Mon Dec 10, 2018 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 375
Views: 24051

Re: What are others paying for property taxes around the US?

You pay one way or the other. High property taxes but you may have more services or convenience to desirable areas. Low taxes you may have services but you have to drive everywhere to access them or you may have less services or you may be subsidized by commercial rate payers but you may live in a ...
by 3CT_Paddler
Mon Dec 10, 2018 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 375
Views: 24051

Re: What are others paying for property taxes around the US?

renue74 wrote:
Thu Dec 06, 2018 4:07 pm

BTW... we pay $1800/year for a $300K house in SC. Of course, we have the worst roads in the USA.
You haven't been to Kentucky or PA (I grew up in SC... Not nearly as bad as PA).

Also it's primarily gas tax not property tax that pays for roads.
by 3CT_Paddler
Mon Oct 29, 2018 7:36 am
Forum: Personal Consumer Issues
Topic: Getting depressed with all this saving. :-(
Replies: 38
Views: 6733

Re: Getting depressed with all this saving. :-(

That's a nice humble brag. :D

Maybe find a worthy need you can contribute to and make a difference in another person's life?
by 3CT_Paddler
Tue Oct 16, 2018 10:24 am
Forum: Investing - Theory, News & General
Topic: Is EMH a tautology?
Replies: 108
Views: 5443

Re: Is EMH a tautology?

There are a couple of basic tenets that make EMH superfluous to the Boglehead way... 1) Participants in large publicly traded stock markets are very good at comparing the immediate value and prospects of competing stocks/firms relative to one another. 2) Diversification is a free lunch for stocks, ...
by 3CT_Paddler
Tue Oct 16, 2018 9:19 am
Forum: Investing - Theory, News & General
Topic: Is EMH a tautology?
Replies: 108
Views: 5443

Re: Is EMH a tautology?

There are a couple of basic tenets that make EMH superfluous to the Boglehead way... 1) Participants in large publicly traded stock markets are very good at comparing the immediate value and prospects of competing stocks/firms relative to one another. 2) Diversification is a free lunch for stocks, b...
by 3CT_Paddler
Sat Oct 13, 2018 7:49 am
Forum: Investing - Theory, News & General
Topic: Is EMH a tautology?
Replies: 108
Views: 5443

Re: Is EMH a tautology?

Investing isn't science, even if people study it scientifically. Once you throw in human behavior, the "science" of investing is built on shaky ground. The underpinnings are philosophical and logical... Which don't require a testable scientific hypothesis to be valid. At the end of the day, costs ma...
by 3CT_Paddler
Mon Sep 03, 2018 5:10 am
Forum: Investing - Theory, News & General
Topic: Thoughts on investing in Uranium???
Replies: 48
Views: 3398

Re: Thoughts on investing in Uranium???

I saw a talk a couple of weeks ago about TerraPower... Basically a nuclear power plant design that uses nuclear waste (no more need for mined uranium!). Not sure how close it is to implementation, but that would be a gamechanger. Obviously for the OP, investing in Uranium would be a terrible idea if...
by 3CT_Paddler
Tue Aug 14, 2018 7:48 am
Forum: Personal Consumer Issues
Topic: When is leaving your job that pays well a good idea?
Replies: 97
Views: 10883

Re: When is leaving your job that pays well a good idea?

I don't really believe this. Admittedly I don't want kids and partly that's because I don't see many parents demonstrating anything aside from stress. However as far as job satisfaction is concerned, I do believe it starts out pretty high during your 20's and declines into your 30's. You see the st...
by 3CT_Paddler
Mon Aug 06, 2018 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Home is *just* outside flood zone - how much flood insurance do I buy?
Replies: 50
Views: 3355

Re: Home is *just* outside flood zone - how much flood insurance do I buy?

Flooding from Harvey was due to an enormous amount of rainfall far in excess of the 100-year storm. It had little to do with development. What? If the land developed by building homes on it is designated as the dry part of a reservoir waiting for a flood, then it has everything to do with developme...
by 3CT_Paddler
Fri Aug 03, 2018 6:17 am
Forum: Personal Finance (Not Investing)
Topic: Home is *just* outside flood zone - how much flood insurance do I buy?
Replies: 50
Views: 3355

Re: Home is *just* outside flood zone - how much flood insurance do I buy?

The flood risk was drastically underestimated in Texas, especially new construction near drainage systems and reservoirs which exacerbated the flooding due to bad design. Flooding from Harvey was due to an enormous amount of rainfall far in excess of the 100-year storm. It had little to do with dev...
by 3CT_Paddler
Wed Jul 25, 2018 6:43 am
Forum: Personal Investments
Topic: Investing with a Developer
Replies: 48
Views: 4118

Re: Investing with a Developer

Your example is kind of like saying, "I invested in an S&P 500 fund and it went down. I would like to change course by being a day trader in penny stocks, and I have no prior experience in trading." Savvy?
by 3CT_Paddler
Sun Jul 22, 2018 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Real salary growth negative?
Replies: 45
Views: 4971

Re: Real salary growth negative?

Better than in Megacorp land. Last year, I received a 3% raise. My manager noted that out of our office of 25, only 2 people were given a raise. I'd say that's pretty consistent. In my previous job, no reviews or raises were given to anyone for a full 10 years. I'm hoping to someday match the $$ I ...
by 3CT_Paddler
Fri Jul 20, 2018 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Property tax + deductions
Replies: 25
Views: 3469

Re: Property tax + deductions

there is a limit of $10k for state and local taxes + property taxes deduction This limit is from the new tax bill, the one that's supposed to save people money. :twisted: The new tax bill that also scales back the AMT and lowered rates? The AMT does more for higher income earners like the OP than a...
by 3CT_Paddler
Thu Jul 19, 2018 9:20 am
Forum: Investing - Theory, News & General
Topic: I may have understood why it's so hard to save and invest
Replies: 81
Views: 14385

Re: I may have understood why it's so hard to save and invest

If you think it's demotivating now, wait until your portfolio decreases 30, 40 or 50%. :x :D