Bogleheads.org

latesaver

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 mean, the market cap of...

latesaver

I see a lot of threads recently that suggest people nearing their “number” are considering locking in gains and I am wondering if I should do the same. I think I have our numbers worked out and they are as follows. i usually take money off the table when my algorithm signals me to do so. the algori...

latesaver

I was reading a SWR thread and posters were chiming in with their thoughts on generational wealth being part of their retirement plan. For some it's a given. Some believe "teaching a man to fish" and leaving nothing is best. Some plan to help with school/home purchase/wedding but otherwise not let ...

latesaver

So I need to put 2.5% of my money in alternative assets. It is very important for my financial health because I'm bored and if I don't do this I may end up doing something even more financially destructive like buy a boat. So I want to take a poll, if you had to pick an alternative asset to invest ...

latesaver

A great counterpoint to the recent FIRE fad. I suspect most people in the FIRE movement a, don't have a plan on what to do after retirement, b, have no idea how much money early retirement requires, and c, can't really predict what they will want in their 50's while in their 20's. For most, it coul...

latesaver

RickBoglehead wrote: ↑
Sun Oct 20, 2019 8:04 am
I have to ask, have I missed that people "claim" financial independence? Are there t-shirts?

Don't people just retire/stop working?

+1

I have this vision in my head that people want to put a sticker on their car or a flag on their balcony.

latesaver

Just out of curiousity, a few question for those that keep separate investments. Do you manage the portfolio as separate or combined for things such as asset allocation, rebalancing, and tax efficient placement? Do you do tax loss harvesting. How do you make sure there are not wash sales triggered ...

latesaver

Young people tend to be relatively fearless, and they become more fearful as they age. OK, I admit, I didn't read any studies....but that seems to be my anecdotal experience. When you are young you feel like you are invincible, no matter what you do to yourself. On the other hand, many old people t...

latesaver

When calculating the yields, don’t forget to subtract the high Schwab net expense ratios of about .34% for each fund. Although this won’t matter much in choosing between the three money market funds, the high expense ratio on money markets and cash is how Schwab makes their money. Also be aware of ...

latesaver

coalcracker wrote: ↑
Fri Sep 27, 2019 11:46 am
Just to be clear, she would be using money that has not yet been deducted from her paycheck( at least that is how I understand the article.)

Yes. I observed this at my company; luckily none of my employees have noticed as far as i know.

but we have almost no turnover so not a big deal.

latesaver

I have an entry-level Felt S25 that is over 10 years old. Looking for a fast, comfortable bike for 70.3 or full IMs. My coach says Cervelo is the way to go but I have no experience with that. I like Shimano components. Already have good race wheels. Do not want to break the bank here, I am a BH tri...

latesaver

Finally, think about how you don't wash dishes. For instance, I cook and eat oatmeal every single day, but I don't cook it in a pot on the stove, so I don't have to clean up dried up, caked on oatmeal from a metal pot. Instead, I use a large glass bowl in the microwave to cook it which also serves ...

latesaver

Looking for some advice on being a hard money lender. Anyone lending now or has advice on the topic. This is money in my savings account and nothing to do with current investments in the market. Cliff My company invested a lot of $ into a hard money lending fund. They did well for us but it is not ...

latesaver

The change of the Kiddie Tax in the TCJA from the parent's marginal tax rates to trust tax rates. Significantly increases the potential for tax gain harvesting. For 2019, you can have up to $4,850 in UTMA QDIV/LTCG and have no tax liability. I don't know why this doesn't get talked about more, alth...

latesaver

We're kind of going out on a limb on this one. Some folks do it in the US but we're looking abroad. Currently Portugal, Spain, Italy are on the list. Belize, Costa Rica, Mexico, Guatemala etc are also options. Many also like South East Asia. Healthcare is actually one of the reasons. If you establi...

latesaver

Cost of ice cream is not in $ paid for ice cream but in diabetes, obesity etc. Why would anybody buy those buckets of ice cream - except for a party - is beyond my understanding. What I want is the minimum amount of the best ice cream (and this applies to many other food products). speak for yourse...

latesaver

Cost of ice cream is not in $ paid for ice cream but in diabetes, obesity etc. Why would anybody buy those buckets of ice cream - except for a party - is beyond my understanding. What I want is the minimum amount of the best ice cream (and this applies to many other food products). speak for yourse...

latesaver

There has been a lot of talk recently about the upcoming recession. The rumor is that a recession is coming in the next 12 months. So do we need to do anything to prepare for it? All I can think of is to stack up emergency funds because if we lose jobs, it will be difficult to find a new one. Anybo...

latesaver

"Regret" is an emotion and you spend a couple sentences giving an investment definition to the word "regret", and most of that is an example that I needed to reread a few times to understand. I think you need to spend more time defining "regret" in your context and backing up why your definition is...

latesaver

i make hummus or black bean dip over the weekend. on monday i bring the dip along with a bag of carrots, cherry tomatoes, peppers, sometimes cucumbers. i also bring enough for 1/2 a slice of toast each day and peanut butter. dessert is a handful of almonds, usually the smoked or wasabi almonds. i ea...

latesaver

Do people generally do a little exercise at gym or walking before breakfast or after? For the IF'ers do you exercise prior to breaking the fast later in the day, or do you wait until after you've eaten something? just wondering, because I usually do not exercise until after I've had something to ea...

latesaver

However, we do know that the U.S. stock market has enjoyed a 6.6% real return (8.0% nominal) during the last 200-years However, as you often remind us, past performance is not indicative of future performance, right? i don't know if Taylor does or doesn't often remind us of that, but that oft-heard...

latesaver

However, we do know that the U.S. stock market has enjoyed a 6.6% real return (8.0% nominal) during the last 200-years However, as you often remind us, past performance is not indicative of future performance, right? i don't know if Taylor does or doesn't often remind us of that, but that oft-heard...

latesaver

There are two basic types of retirement plans, defined benefit and defined contribution. In a defined contribution plan, you have an account. Your or your employer put in money. You get whatever it grows to. The employer doesn't promise what it will grow to. Examples are profit-sharing plans, 401(k...

latesaver

TomatoTomahto wrote: ↑
Wed Jul 10, 2019 5:27 am

LFKB wrote: ↑
Wed Jul 10, 2019 12:17 am
$43 million

If you have saved less, you are behind

Next question
Are you including home equity in that? I think it should be liquid assets.

Also, NPV of social security benefits? Rolexes? we need to know these things.

latesaver

ERguy101 wrote: ↑
Tue Jul 09, 2019 3:05 pm
Hey!

I am a super avid meat smoker...

Kamado Joe, or a Yoder. Buy both

Why are the Kamados so expensive? Seems crazy to have a $2,000 smoker that requires charcoal. Could get a Rec Tec for that price.

latesaver

You're getting a lot of varying opinions here. I will give you my n=1. I have a Bradley electric smoker https://www.bradleysmoker.com/product/bradley-original-electric-food-smoker/ . It was a gift from my wife ~5 years ago and is a lower-cost option. Reasons I recommend: - I don't have to fuss with ...

latesaver

So to say that Small/Value stinks because it trails other stock categories over 5 years is just silly, quite frankly, you ought to know better. The S&P 500 had a few really bad years during the 2000's, should I have concluded that index investing doesn't work? Should I have told people to sell thei...

latesaver

So, let me modestly take the other side. When it comes to standard deviations, I am a "glass half full" type of guy - or to be precise, 95% full. It provides a robust framework, independent of asset time and time horizon. It is simple and robust. And it is good out to 2 to 3 standard deviations. An...

latesaver

But I think nicer things can make people a little happier too. Another way to look at this. You have nicer things than probably 99% of everybody who ever lived, including kings, emperors, etc. Almost everybody in the US today who is not in abject poverty does. Poor people today have to take subways...

latesaver

I'm curious for those who were able to make increase in their lifestyle, what things actually made you happier? None. And I went from poverty to being quite comfortable. What made me happier were not "things": - a partner who loves and respects me and vice versa - a daughter who loves and respects ...

latesaver

Amex MR points are only worth 1 cent redeemed toward travel. With the Business Platinum card you get a 35% rebate on points, but this does not apply to the personal Platinum cards. If you have a high balance of MR points, cashing them out with the Schwab Platinum is a good way to go. Yes the annual...

latesaver

Wife makes ~500k at a mega law firm (market bonuses move it around a bit). She did it by going to a top college and a top law school and working all the time. 100 hour weeks pretty regularly. She's a workaholic. I followed the same path and bowed out before partnership and now make ~150k as a publi...

latesaver

There are no "jobs" after FIRE. If you have a job, you aren't FIRE'd. Sure, you can have one or many hobbies. If your idea of a hobby is to put on a fancy red vest and play the "expert" at ACE, then more power to you! :beer Many people don't agree with this. For many, FIRE means you have the freedo...

latesaver

i might buy a pellet grill once i pass $2M of investments...

i might buy a pellet grill even if i don't.

latesaver

Oh.. I get it now. Unfortunatelly I use American, but I'll check it out next time I have to flight. CSP is not good for me. I got it for the bonus, but I can do much better even without the fee. United is just one example. To fly American you should transfer to British Airways and book flights on A...

latesaver

2. i don't know how to model my expenses going forward because i don't know what they'll be. we are at a 100% success rate with most calculators but i don't know if a) my now-toddler will take up travel sports, for example, or b) i'll decide i really want a sailboat/golf clubs/vacation home/etc. Th...

latesaver

1. Because if it is wrong, my wife will never let me hear the end of it. 2. i don't know how to model my expenses going forward because i don't know what they'll be. we are at a 100% success rate with most calculators but i don't know if a) my now-toddler will take up travel sports, for example, or ...

latesaver

For me it means you do not need to work to live a comfortable, sustainable lifestyle you are happy with. It doesn't mean you can do anything you want, very few of us can actually do that. It doesn't necessarily mean you have a 1 to 1 replacement of your previous income, but you likely need to be ab...

latesaver

Here's some actionable advice: Imagine the equity portion of your portfolio decreasing by 50-75 percent and staying down for a decade . How do you feel about that? Okay? If not, then your exposure to equity is too great. How many times in the history of the US stock market has this happened? During...

latesaver

Hmmmm, a resting heart rate in the thirties should be checked by a physician. No medical credentials here - but I would be concerned as well - and see my Physician. I agree. Highly trained athletes can and do have healthy resting heart rates into the 40's and maybe even the 30's. Keys are "resting"...

latesaver

Ketawa wrote: ↑
Mon Apr 01, 2019 1:40 pm

For valuing my bonuses, I used:

Amex MR: 1.25¢

How do you use the Amex MR points? do you transfer to partners? or book flights directly with the Amex portal?

latesaver

Thanks, that one is on the short list.

latesaver

I work for a family office. Prior to that I was at an investment bank. To date at the family office have provided anchor investments to primarily investment funds/hedge funds. A year ago we acquired an operating business, which is much different than a fund. Does anyone recommend a good book on form...

latesaver

To be honest, I don't believe that I've ever met or seen a single investor who truly believes the "past performance" idea. It's just a question of how far people take it. If it weren't for past performance, how on earth would we even begin to determine an AA, for instance? This 'past performance' b...

latesaver

I know it’s very hard to believe if you’re not living there (I certainly couldn’t imagine it before I moved there) but it’s absolutely true. I have several friends here who make around $500k and they’re clearly middle-class at best. $500k and they're middle-class 'at best'?? Even by SF standards, I...

latesaver

Will you also receive Social Security benefits? If so how much? Do you have any debt? If so what types, amounts and interest rates? Getting ready to change new contributions. How does this look for a couple getting ready to retire in five to ten years? I will have a 65k/yr pension with 1.5% COLA th...

latesaver

good thing OP got out ahead of today's massive...rally.

latesaver

My boss gave me an ultimatum 7 years ago: we are moving the company out of NYC (mainly to avoid taxes) and relocating in Miami. I was thrilled to leave NYC, wife not so much. We have been in Miami for 7 years now. Financially it was a wise choice. We are however ready to leave once we have "enough"....

latesaver

Large portions of both states were submerged last fall. Find out where the high ground is. If your objection to Florida is heat and humidity, most of the Carolinas will not be any better. it is 46 degrees right now in Durham, NC per google. it is supposed to hit 88 degrees in Miami today. in Miami ...

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