Search found 229 matches

by latesaver
Wed Dec 30, 2020 4:06 pm
Forum: Personal Investments
Topic: How many years in fixed income if I won the game with 62x yearly expenses
Replies: 56
Views: 7352

Re: How many years in fixed income if I won the game with 62x yearly expenses

I like Dr. Bernstein's idea for those who have won the game. 20 or more years of draw down dollars in "safe" fixed income and invest the rest anyway you want -- even 100% equities. You don't need to triple your nest egg -- you need to make sure it fully funds your retirement and legacy wi...
by latesaver
Mon Dec 28, 2020 10:10 am
Forum: Non-US Investing
Topic: I want 15% yearly ROI. How to go about it? [Croatia]
Replies: 135
Views: 10597

Re: I want 15% yearly ROI. How to go about it?

antisa wrote: Sun Dec 27, 2020 6:19 pm If I would like to earn on average 15% from my portfolio investments, how to go about it?

Let's assume I can tolerate any risk and my time horizon is 30 years.
Hard money real estate lending.

Good thing you can tolerate any risk.
by latesaver
Mon Dec 28, 2020 9:33 am
Forum: Personal Finance (Not Investing)
Topic: 2020: Lessons learned
Replies: 237
Views: 15713

Re: 2020: Lessons learned

The "magic" of compound interest works both ways.

I am trying not to glean too much from a "crash" that lasted for all of 3-4 months. I still have yet to go through a sustained down market.
by latesaver
Mon Dec 14, 2020 9:49 pm
Forum: Personal Consumer Issues
Topic: Luxury clothes
Replies: 146
Views: 10476

Re: Luxury clothes

by latesaver
Fri Nov 27, 2020 8:48 pm
Forum: Personal Investments
Topic: What do high earners do other than IRA?
Replies: 40
Views: 4632

Re: What do high earners do other than IRA?

I currently earn around $60,000. I am in grad school at vegan contributing to a Roth IRA a little over two years ago. I max that at and add a little extra to a taxable account. Both with Vanguard. Anyhow, here’s my question. After I finish grad school I have a job offer well over $200,000 a year. T...
by latesaver
Wed Oct 28, 2020 12:00 pm
Forum: Investing - Theory, News & General
Topic: Anybody here trying Coast FIRE?
Replies: 317
Views: 27412

Re: Anybody here trying Coast FIRE?

There is only a moderate set of careers that provide good income...doctors being one. So if you are lucky enough to have a passion for one great! But for most folks, not so much. My kids are looking at college and don't know what they want to be. My son is looking at CRNA (nurse anesthetist) and do...
by latesaver
Tue Oct 27, 2020 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Using Seller Financing to Sell my Townhome
Replies: 12
Views: 726

Re: Using Seller Financing to Sell my Townhome

Would rather rent it out, if it goes down in value, they'll foreclose anyway, so there is nothing but downside to sell it with an IO loan at a high LTV. Edit: do you own this townhouse outright? Yes, we own it outright. I would get $150K down in a sale, so that comes into play in the foreclosure pr...
by latesaver
Tue Oct 27, 2020 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Using Seller Financing to Sell my Townhome
Replies: 12
Views: 726

Re: Using Seller Financing to Sell my Townhome

90% down maybe. All joking aside, why would anyone do this? Perhaps an emergency sale? See comments above. Underwriting standards for "jumbo" loans (jumbo in quotes as the limits are quite low compared to RE values) have drawn increased scrutiny. It isn't an emergency sale but with 2 kids...
by latesaver
Tue Oct 27, 2020 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Using Seller Financing to Sell my Townhome
Replies: 12
Views: 726

Re: Using Seller Financing to Sell my Townhome

If a bank isn't willing to finance this person when they're well diversified, why are you? Obviously a first question that comes to mind. I do know, firsthand, that many banks down in South FL are getting very strict with regards to non-W2 income (1099s for example). That impacts a lot of folks dow...
by latesaver
Tue Oct 27, 2020 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Using Seller Financing to Sell my Townhome
Replies: 12
Views: 726

Using Seller Financing to Sell my Townhome

Jumbo loans are hard to come by due to Covid, at least in our market. In order to facilitate a sale of our townhome, our broker has recommended offering interest-only seller financing at higher LTVs. I have a few reservations: I need to pay commissions up front on the sale; I am extending credit to ...
by latesaver
Mon Oct 19, 2020 6:24 pm
Forum: Personal Consumer Issues
Topic: Items that are worth the money for the quality
Replies: 490
Views: 41172

Re: Items that are worth the money for the quality

dkdoy wrote: Mon Oct 19, 2020 5:13 pm Darn tough socks
Big green egg
DeWalt cordless tools
New Balance
Apple
Prime beef
Craft west coast IPA
Nice call on the egg. I got one a month ago, best burgers, pizza, etc., etc. I have ever had!
by latesaver
Mon Oct 19, 2020 6:23 pm
Forum: Personal Consumer Issues
Topic: Items that are worth the money for the quality
Replies: 490
Views: 41172

Re: Items that are worth the money for the quality

bagle wrote: Mon Oct 19, 2020 4:56 am Sonos speakers and soundbars (not as good as audiophile Naim, but good enough and user-friendly)
Many times Sonos has been mentioned on this thread. Are they really that great? Based on price alone I can't imagine they stand up to the speakers you'd find in a Best Buy Magnolia room.
by latesaver
Wed Oct 14, 2020 7:54 am
Forum: Investing - Theory, News & General
Topic: Which asset class will be the best in the 2020s?
Replies: 48
Views: 3099

Re: Which asset class will be the best in the 2020s?

Probably jump-to-conclusion door mats.
by latesaver
Mon Sep 14, 2020 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2397
Views: 546796

Re: Share your net worth progression

Well done, all. But I wonder how much of these extraordinary wealth progressions is basically owing to windfalls such as raises, inheritances, or sales (and the resultant savings), rather than to index investing (which, at best, grows one's capital at relatively modest rates). I say this as a commi...
by latesaver
Fri Sep 04, 2020 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2397
Views: 546796

Re: Share your net worth progression

9/2/2020: $X
9/3/2020: $X minus $97K
by latesaver
Thu Sep 03, 2020 12:03 pm
Forum: Investing - Theory, News & General
Topic: Bear Cub Smells Bubble
Replies: 406
Views: 30316

Re: Bear Cub Smells Bubble

I sold FB today, in at 260 just a couple of weeks ago, out at 295 today. Still holding AAPL and ZM. Sold AAPL and ZM today. Didn't quite make the peak, but still made 10% on AAPL and 20% on ZM for a few days of holding them. So back to 100% cash. What's your long term strategy here? Sell stocks aft...
by latesaver
Fri Jul 24, 2020 9:11 pm
Forum: Personal Consumer Issues
Topic: Buying a Smoker
Replies: 154
Views: 13538

Re: Buying a Smoker

My 2 cents. I have owned an electric smoker for 5 years now. I own a smoker from SmokinIt (https://www.smokin-it.com/Default.asp) . I use it at least once per month. I have refined my smoking process down over time and use my own rubs, finishing sauces, etc. I own the number 2 model, which can smok...
by latesaver
Thu Jun 18, 2020 1:35 pm
Forum: Personal Consumer Issues
Topic: Daycare - paying to hold a spot
Replies: 45
Views: 3188

Re: Daycare - paying to hold a spot

I'm guessing you both have not tried to carry on professional jobs with infants and toddlers in the background, including Zoom calls with clients, interview panels, employee performance reviews, and deadlines for a report to the CEO. Infants and toddlers aren't very good about staying asleep while ...
by latesaver
Wed Jun 10, 2020 9:27 pm
Forum: Investing - Theory, News & General
Topic: Did the abrupt recovery create a false sense of security?
Replies: 33
Views: 2684

Re: Did the abrupt recovery create a false sense of security?

Yes, I think it did. As well as the short sharp shock at the end of 2018. But of course I tend to be pessimistic. Thank you. This is the first comment that is actually responsive to my post, which was essentially asking the question “was the February/ March drop a *real* test of investors’ resolve?”.
by latesaver
Wed Jun 10, 2020 4:51 pm
Forum: Investing - Theory, News & General
Topic: Did the abrupt recovery create a false sense of security?
Replies: 33
Views: 2684

Did the abrupt recovery create a false sense of security?

There's been quite a few risk tolerance / asset allocation posts lately. Some folks clearly were spooked by the sudden drop and others, including myself, saw it as a time to rebalance (or over-rebalance) into equities. I aggressively rebalanced all the way down and put a significant amount of new mo...
by latesaver
Fri Jun 05, 2020 11:35 am
Forum: Personal Consumer Issues
Topic: Tips to stick to a weight loss diet?
Replies: 256
Views: 16420

Re: Tips to stick to a weight loss diet?

What has worked for me personally is cutting out carbs (with a concomitant increase in fat intake). AKA keto. This has allowed me to eat as much as I want without thinking about calories and I always feel satiated, full, and energetic. And my blood test numbers all improved. unfortunately the cost ...
by latesaver
Fri May 29, 2020 8:32 am
Forum: Investing - Theory, News & General
Topic: “WHEN YOU'VE WON the game, stop playing with the money you really need.”
Replies: 233
Views: 20095

Re: “WHEN YOU'VE WON the game, stop playing with the money you really need.”

If you need $30,000 a year for 30 years you should have $900,000 in safe money. Nobody knows how much money they will need in the future. It is a ridiculous assumption that has no place in retirement planning. When you talk to actual retirees -- as the Society of Actuaries has done with their Commi...
by latesaver
Wed May 27, 2020 7:48 am
Forum: Investing - Theory, News & General
Topic: Anybody do any GOOD timing the market?
Replies: 123
Views: 8454

Re: Anybody do any GOOD timing the market?

whodidntante wrote: Mon May 25, 2020 2:50 pm

I like to think the "bear gang" on WSB bought my puts. :twisted: Some of you know what that means. Oh well, maybe they'll get me next time. I shouldn't play results.
I don't know if I believe half of what they claim on that site but they are a hilarious lot for sure.
by latesaver
Wed May 13, 2020 8:16 am
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 1296
Views: 77396

Re: What are you listening to now

Tool's Lateralus album.

I completely missed this one when I was in college.
by latesaver
Wed Apr 29, 2020 7:49 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000? [Archived]
Replies: 1479
Views: 326801

Re: Best watch for around $5,000?

Like many other posts on here, this is anecdotal. BUT, in 2010 I was part of a small team that closed a large investment commitment with a fund manager. We committed to invest $300mm with one specific manager. when the deal closed, 5 of us on the deal team received "Kermit green" submarine...
by latesaver
Wed Mar 25, 2020 4:05 pm
Forum: Personal Investments
Topic: Why not stand on the sidelines for a little while?
Replies: 302
Views: 14960

Re: Why not stand on the sidelines for a little while?

Do it and let us know how much money you lost by being on sidelines for 9 months :-) To quantify: loss of dividend income (except, well, nobody's gonna pay dividends), plus 9 months of destruction of the value of the cash pile by inflation. So I'm more or less locking in a 2% loss for 9 months. Rig...
by latesaver
Tue Mar 17, 2020 7:59 pm
Forum: Investing - Theory, News & General
Topic: Deploying your emergency fund to buy stocks? Think again.
Replies: 187
Views: 30957

Re: Deploying your emergency fund to buy stocks? Think again.

I personally think this thread is a strawman argument. Is anyone really advocating taking 3-12 months of their living expenses kept in liquid money and putting it into stocks? +1000, x2, etc. It's common sense that one shouldn't touch a "true" emergency fund. What oftentimes happens when ...
by latesaver
Mon Mar 16, 2020 2:48 pm
Forum: Investing - Theory, News & General
Topic: Are stocks on sale?
Replies: 88
Views: 4548

Re: Are stocks on sale?

I do acknowledge that stocks are worth less than 30 days ago, but stocks purchased today will be worth more in the future than stocks purchased 30 days ago. Stocks purchased today will be worth the exact same at a particular time in the future as shares bought any other time. The issue is we know, ...
by latesaver
Sun Mar 15, 2020 8:32 pm
Forum: Investing - Theory, News & General
Topic: So.... is this really "it"? Is this what we needed to mentally prepare for?
Replies: 158
Views: 14617

Re: So.... is this really "it"? Is this what we needed to mentally prepare for?

jpmorganfunds wrote: Fri Mar 13, 2020 10:47 pm
TheBogleWay wrote: Fri Mar 13, 2020 10:01 pm Here we are, I've lost maybe 20% of my net worth in ~45 days. I've lost upwards of $300,000 on paper.
Wait til the market goes down 60%.
Or 120% down. That's what i am waiting for before i buy back in.
by latesaver
Sun Mar 15, 2020 8:26 pm
Forum: Investing - Theory, News & General
Topic: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20
Replies: 396
Views: 20925

Re: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20

Goldman is warning the S&P 500 could drop another 25% from here. Link? https://www.bloomberg.com/news/articles/2020-03-15/goldman-sachs-warns-s-p-500-might-not-bottom-until-2-000 The firm’s U.S. chief equity strategist, David Kostin, says the S&P 500 will likely head back down by almost 10%...
by latesaver
Sun Mar 15, 2020 7:22 pm
Forum: Investing - Theory, News & General
Topic: Wall Street Journal article: blood in the streets
Replies: 10
Views: 1588

Re: Wall Street Journal article: blood in the streets

WSJ: investors pulling funds out of the market at near record rates, and it is likely going to accelerate (the latter is just my guess). Which means that stocks are going to continue to drop. If "Investors are bailing on stock funds" are who's on the other side of the trade? (Hegefunds, l...
by latesaver
Tue Mar 10, 2020 3:14 pm
Forum: Investing - Theory, News & General
Topic: Are any early accumulators thankful for the current correction?
Replies: 185
Views: 10487

Re: Are any early accumulators thankful for the current correction?

We were going to use some of our cash to keep all of our employees through any recession. But the folks here who are excited (another thread) or thankful for the unfolding economic distress have convinced me to keep all of our cash and start laying off employees. Start with the new guys? What do yo...
by latesaver
Mon Mar 09, 2020 7:47 pm
Forum: Investing - Theory, News & General
Topic: "If you were happy to buy it then" fallacy
Replies: 64
Views: 4210

Re: "If you were happy to buy it then" fallacy

The part I am trying to flesh out is not that one shouldn’t expect volatility or that one should expect constant and steady appreciation, but rather that there’s something actually wrong in thinking that the price could go back to any point in time and that’s fine. Two years is arbitrary as the exa...
by latesaver
Wed Feb 26, 2020 9:13 pm
Forum: Personal Investments
Topic: What did you learn from the 2/24 sell off?
Replies: 327
Views: 22757

Re: What did you learn from the 2/24 sell off?

I learned what it feels like to see your investments increase during a bull market and then get pummeled in a couple days. i was reminded the stock market takes the stairs up and the elevator down. I was reminded that a 3% drop cost me the same as a TSLA model 3. I was reminded that basic algebra ca...
by latesaver
Wed Feb 12, 2020 7:46 pm
Forum: Investing - Theory, News & General
Topic: Hedonic Clock
Replies: 94
Views: 8320

Re: Hedonic Clock

Maybe this will be a controversial answer to many, but I have never understood a few aspects of the FIRE movement. It seems that some of us, at least, find careers that we are happy with, that we invest substantial parts of our energy and commitment in with some joy, and that we don’t pursue solely...
by latesaver
Mon Feb 10, 2020 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 1367
Views: 183218

Re: How much money do you want to retire?

Let's flip this around: I am 40 years old. My wife is 37 years old. Between cash, stocks and bonds I have $2.6mm saved. By the end of 2020 I expect that to be close to $3.4mm. I am in a high-earning phase. My wife makes $225K per year with salary and bonus combined. She already has $1.0mm saved. By ...
by latesaver
Fri Feb 07, 2020 11:32 pm
Forum: Personal Investments
Topic: When does Asset Allocation start to matter?
Replies: 48
Views: 2782

Re: When does Asset Allocation start to matter?

OP, It always matters. It is always wrong to be 100/0. The market could go down and you could be unemployed. After spending your emergency fund, you will be spending your portfolio. At 100/0 and a small portfolio, you may run out of money before the recovery. How long can you last if you are unempl...
by latesaver
Sun Feb 02, 2020 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: $3 million the new rule of thumb?
Replies: 653
Views: 52665

Re: $3 million the new rule of thumb?

Essentially, the financial planner quoted in the article says that retirees should expect to need $120K a year from their retirement savings, If you are going to enjoy a simple but comfortable life then you can get by easily on $30K/yr. $3 million is so ridiculous it's not even funny My property ta...
by latesaver
Thu Jan 02, 2020 2:28 pm
Forum: Investing - Theory, News & General
Topic: $1 in 2010 = $90,000 in Bitcoin 2020
Replies: 62
Views: 5767

Re: $1 in 2010 = $90,000 in Bitcoin 2020

saintsfan342000 wrote: Thu Jan 02, 2020 12:55 pm
HEDGEFUNDIE wrote: Thu Jan 02, 2020 12:05 pm I like to stick to more rational investments like 3x leveraged ETFs.
Post of the year.
only two days in, too soon. we'll make sure to include it in the finalists at the end of the year.
by latesaver
Tue Dec 31, 2019 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: How much were you able to save this year?
Replies: 142
Views: 11404

Re: How much were you able to save this year?

another brag thread :D ..I'll bite, over 53% on under $170k combined income, all in tax deferred accounts. Seconded. DH 40, DW 36 dual income household, one child, one on the way. i don't keep track but personal capital does. It says we saved ~$375K this year. i am not 100% on what our combined gro...
by latesaver
Mon Dec 30, 2019 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: White Coat Investor: Enough is Enough!
Replies: 289
Views: 31707

Re: White Coat Investor: Enough is Enough!

I'm afraid that you have completely misunderstood why he or anyone else gives to others. It is certainly not to get a tax break. Giving away $1 for no other reason than to save 12 cents would be foolish.
OK.
by latesaver
Mon Dec 30, 2019 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: White Coat Investor: Enough is Enough!
Replies: 289
Views: 31707

Re: White Coat Investor: Enough is Enough!

Jim Dahle of the White Coat Investor reposted a very good blog post from 2012 with some updates today. Basically, it lays out what makes someone a 'compulsive saver' (e.g. spending money is literally painful, cannot fully enjoy activities that cost money) and tries to lay out ways that such a perso...
by latesaver
Mon Dec 30, 2019 8:34 pm
Forum: Investing - Theory, News & General
Topic: Barron's Cover article--Vanguard Led the Way for Decades. Now It’s Playing Catch-Up.
Replies: 142
Views: 14006

Re: Barron's Cover article--Vanguard Led the Way for Decades. Now It’s Playing Catch-Up.

Dale I respect what you say but in this day and age .... companies need to provide superb customer service and 24/7 around the clock ... it is the norm and what is expected. Vanguard is infamous here for their poor service and there is no excuse for keep that poor service for the sake of nostalgia....
by latesaver
Sat Dec 28, 2019 8:40 pm
Forum: Personal Consumer Issues
Topic: Best holiday gift you gave this year
Replies: 40
Views: 3420

Re: Best holiday gift you gave this year

For me, the answer is clear, the Ravensburger 3-d puzzle Earth globe . Amazon is currently selling it at $48, but CamelCamelCamel shows lots of price variability, ranging from $17 to $50 in the last year. (I was fortunate enough to get it at $20.) My two young adult daughters had a blast collaborat...
by latesaver
Sat Dec 28, 2019 8:37 pm
Forum: Personal Consumer Issues
Topic: Best holiday gift you gave this year
Replies: 40
Views: 3420

Re: Best holiday gift you gave this year

tvubpwcisla wrote: Fri Dec 27, 2019 8:43 am The best holiday gift is a broken drum, you just can't beat it!
Get out.
by latesaver
Tue Dec 24, 2019 10:27 pm
Forum: Personal Consumer Issues
Topic: In search of a dishwasher that dries plastics well...
Replies: 80
Views: 4926

Re: In search of a dishwasher that dries plastics well...

A lower cost option versus the Miele is Samsung. We bought a model that opens slightly when done and runs a fan to move air. Still get some water on top of plastic but it does help considerably. For the love of all that is holy, please don't buy a Samsung. We redid our kitchen 4 years ago and went ...
by latesaver
Fri Dec 20, 2019 8:53 pm
Forum: Investing - Theory, News & General
Topic: [Why did my fund suddenly drop in value?]
Replies: 252
Views: 286343

Re: [Why did my fund suddenly drop in value?]

i get that the fund drops when the dividend is paid. but...why would a small cap fund like SWSSX fall 5% overnight. It doesn't pay anywhere near a 5% dividend yield?
by latesaver
Tue Nov 26, 2019 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: What's your FIRECALC number?
Replies: 58
Views: 8685

Re: What's your FIRECALC number?

100% and even then I view it with skepticism because it can only be backwards looking True. I'm waiting expectantly for the enhancement which uses future performance on a year by year basis with a breakdown on best performing funds so I can know how to reallocate annually. Once paired with our futu...
by latesaver
Fri Nov 22, 2019 4:20 pm
Forum: Investing - Theory, News & General
Topic: Why isn't enterprise value/earnings more important than market cap/earnings (P/E)?
Replies: 18
Views: 1573

Re: Why isn't enterprise value/earnings more important than market cap/earnings (P/E)?

Isn't enterprise value the "real" value of a company as it adds a company's debt (net of cash) to that company's market cap? Is there a reason P/E is quoted everywhere instead of EV/E? Or am I mistaken about enterprise value representing the "true" market cap of a company? I mea...