Search found 180 matches

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: 6
Views: 418

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 mean, the market cap of...
by latesaver
Wed Nov 20, 2019 1:53 pm
Forum: Personal Investments
Topic: When do you take it off the table?
Replies: 23
Views: 4137

Re: When do you take it off the table?

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...
by latesaver
Sun Nov 10, 2019 9:39 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 192
Views: 14930

Re: Spend It All vs. Leave $$ for the Kids

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 ...
by latesaver
Sun Nov 10, 2019 9:34 pm
Forum: Investing - Theory, News & General
Topic: If you were forced to pick an alternative asset...
Replies: 101
Views: 6175

Re: If you were forced to pick an alternative asset...

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 ...
by latesaver
Sun Oct 27, 2019 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: I no longer plan on retiring early
Replies: 110
Views: 15179

Re: I no longer plan on retiring early

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...
by latesaver
Mon Oct 21, 2019 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Can you claim financial independence with kids still in school
Replies: 80
Views: 6092

Re: Can you claim financial independence with kids still in school

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.
by latesaver
Thu Oct 10, 2019 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Married with Separate bank accounts
Replies: 44
Views: 3785

Re: Married with Separate bank accounts

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 ...
by latesaver
Wed Oct 09, 2019 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Half of Retirees Afraid to Use Savings
Replies: 111
Views: 12806

Re: Half of Retirees Afraid to Use Savings

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...
by latesaver
Mon Oct 07, 2019 7:59 am
Forum: Personal Investments
Topic: Where to put cash at Schwab taxable acct
Replies: 18
Views: 2257

Re: Where to put cash at Schwab taxable acct

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 ...
by latesaver
Fri Sep 27, 2019 11:48 am
Forum: Personal Finance (Not Investing)
Topic: FSA after leaving job: FSA loophole?
Replies: 26
Views: 1632

Re: Fsa after leaving job: Fsa loophole?

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.
by latesaver
Fri Sep 13, 2019 8:09 pm
Forum: Personal Consumer Issues
Topic: Best Triathlon Bike?
Replies: 32
Views: 2691

Re: Best Triathlon Bike?

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...
by latesaver
Fri Sep 13, 2019 8:01 pm
Forum: Personal Consumer Issues
Topic: What dish soap do you use?
Replies: 54
Views: 3246

Re: What dish soap do you use?

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 ...
by latesaver
Wed Sep 11, 2019 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Hard Money Loans
Replies: 34
Views: 5847

Re: Hard Money Loans

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 ...
by latesaver
Fri Sep 06, 2019 3:30 pm
Forum: Personal Investments
Topic: UGMA vs UTMA
Replies: 31
Views: 2153

Re: UGMA vs UTMA

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...
by latesaver
Tue Sep 03, 2019 12:30 pm
Forum: Personal Investments
Topic: FIRE Drawdown Plan
Replies: 57
Views: 5676

Re: FIRE Drawdown Plan

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...
by latesaver
Fri Aug 23, 2019 12:52 pm
Forum: Personal Consumer Issues
Topic: Ponder this, BH's... is Ben & Jerry's worth it?
Replies: 142
Views: 11302

Re: Ponder this, BH's... is Ben & Jerry's worth it?

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...
by latesaver
Fri Aug 23, 2019 8:57 am
Forum: Personal Consumer Issues
Topic: Ponder this, BH's... is Ben & Jerry's worth it?
Replies: 142
Views: 11302

Re: Ponder this, BH's... is Ben & Jerry's worth it?

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...
by latesaver
Fri Aug 23, 2019 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Prepare for Recession?
Replies: 74
Views: 10531

Re: Prepare for Recession?

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...
by latesaver
Wed Aug 21, 2019 8:34 am
Forum: Investing - Theory, News & General
Topic: Minimization of maximum regret: Supportive of balanced AAs for some long-term investors?
Replies: 129
Views: 7498

Re: Minimization of maximum regret: Supportive of balanced AAs for some long-term investors?

"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...
by latesaver
Thu Aug 15, 2019 9:47 pm
Forum: Personal Consumer Issues
Topic: Brown Bag Lunch Ideas
Replies: 70
Views: 4957

Re: Brown Bag Lunch Ideas

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...
by latesaver
Wed Aug 14, 2019 12:48 pm
Forum: Personal Consumer Issues
Topic: Breakfast Menu After Retirement
Replies: 73
Views: 10393

Re: Breakfast Menu After Retirement

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...
by latesaver
Thu Jul 25, 2019 12:46 pm
Forum: Investing - Theory, News & General
Topic: The Single Greatest Predictor of Future Stock Market Returns
Replies: 84
Views: 17841

Re: The Single Greatest Predictor of Future Stock Market Returns

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...
by latesaver
Thu Jul 25, 2019 12:21 pm
Forum: Investing - Theory, News & General
Topic: The Single Greatest Predictor of Future Stock Market Returns
Replies: 84
Views: 17841

Re: The Single Greatest Predictor of Future Stock Market Returns

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...
by latesaver
Thu Jul 11, 2019 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand defined benefit plans
Replies: 6
Views: 1521

Re: Help me understand defined benefit plans

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...
by latesaver
Wed Jul 10, 2019 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: How much should I have saved for retirement by age 40?
Replies: 111
Views: 19308

Re: How much should I have saved for retirement by age 40?

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.
by latesaver
Tue Jul 09, 2019 4:16 pm
Forum: Personal Consumer Issues
Topic: Buying a Smoker
Replies: 118
Views: 8071

Re: Buying a Smoker

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.
by latesaver
Tue Jul 09, 2019 10:58 am
Forum: Personal Consumer Issues
Topic: Buying a Smoker
Replies: 118
Views: 8071

Re: Buying a Smoker

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 ...
by latesaver
Wed Jul 03, 2019 12:50 pm
Forum: Investing - Theory, News & General
Topic: "Alice's Adventures in Factorland"
Replies: 209
Views: 11552

Re: "Alice's Adventures in Factorland"

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...
by latesaver
Tue Jul 02, 2019 12:39 pm
Forum: Investing - Theory, News & General
Topic: Misbehaviour of markets and the Black Swan
Replies: 87
Views: 8874

Re: Misbehaviour of markets and the Black Swan

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...
by latesaver
Fri Jun 28, 2019 3:09 pm
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 412
Views: 47356

Re: What lifestyle creep made you happier?

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...
by latesaver
Fri Jun 28, 2019 3:04 pm
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 412
Views: 47356

Re: What lifestyle creep made you happier?

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 ...
by latesaver
Mon Jun 24, 2019 6:09 pm
Forum: Personal Consumer Issues
Topic: Chase UR vs AmEx MR for economy flights and inflexible schedules?
Replies: 24
Views: 1894

Re: Chase UR vs AmEx MR for economy flights and inflexible schedules?

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...
by latesaver
Fri May 31, 2019 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 40629

Re: For those who earn $500k+ per year. How'd you do that?

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...
by latesaver
Wed May 29, 2019 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Fun paid jobs after FIRE
Replies: 180
Views: 17835

Re: Fun paid jobs after FIRE

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...
by latesaver
Thu May 16, 2019 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Do you reward yourself for achieving a financial goal?
Replies: 107
Views: 7227

Re: Do you reward yourself for achieving a financial goal?

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

i might buy a pellet grill even if i don't.
by latesaver
Fri May 10, 2019 9:32 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4156
Views: 798161

Re: What's Your Credit Card Rewards Strategy?

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...
by latesaver
Wed Apr 24, 2019 11:59 am
Forum: Personal Finance (Not Investing)
Topic: If FIRECalc shows 100% success rate, what holds you back from retiring?
Replies: 126
Views: 12685

Re: If FIRECalc shows 100% success rate, what holds you back from retiring?

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...
by latesaver
Wed Apr 24, 2019 11:16 am
Forum: Personal Finance (Not Investing)
Topic: If FIRECalc shows 100% success rate, what holds you back from retiring?
Replies: 126
Views: 12685

Re: If FIRECalc shows 100% success rate, what holds you back from retiring?

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 ...
by latesaver
Thu Apr 04, 2019 8:34 am
Forum: Personal Finance (Not Investing)
Topic: What is Financial Independence (FI) in the simplest terms?
Replies: 80
Views: 5460

Re: What is Financial Independence (FI) in the simplest terms?

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...
by latesaver
Wed Apr 03, 2019 2:13 pm
Forum: Investing - Theory, News & General
Topic: 10 Year/3 Month Treasuries Inversion
Replies: 100
Views: 9205

Re: 10 Year/3 Month Treasuries Inversion

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...
by latesaver
Tue Apr 02, 2019 4:37 pm
Forum: Personal Consumer Issues
Topic: Folks in their 60s and above. What early investment on health do you recommend.
Replies: 193
Views: 15139

Re: Folks in their 60s and above. What early investment on health do you recommend.

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"...
by latesaver
Mon Apr 01, 2019 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4156
Views: 798161

Re: What's Your Credit Card Rewards Strategy?

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?
by latesaver
Tue Mar 26, 2019 8:32 am
Forum: Personal Consumer Issues
Topic: Books on business management
Replies: 3
Views: 272

Re: Books on business management

Thanks, that one is on the short list.
by latesaver
Mon Mar 25, 2019 12:09 pm
Forum: Personal Consumer Issues
Topic: Books on business management
Replies: 3
Views: 272

Books on business management

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...
by latesaver
Tue Mar 19, 2019 7:42 pm
Forum: Investing - Theory, News & General
Topic: "Lies, Damned Lies, and Statistics."
Replies: 131
Views: 12571

Re: "Lies, Damned Lies, and Statistics."

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...
by latesaver
Tue Mar 19, 2019 12:17 pm
Forum: Personal Investments
Topic: How to realistically FIRE?
Replies: 310
Views: 23600

Re: How to realistically FIRE?

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...
by latesaver
Tue Mar 19, 2019 11:24 am
Forum: Personal Investments
Topic: Is this a reasonable AA for someone retiring in 5 to 10 years?
Replies: 12
Views: 1502

Re: Is this a reasonable AA for someone retiring in 5 to 10 years?

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...
by latesaver
Mon Mar 11, 2019 11:50 am
Forum: Investing - Theory, News & General
Topic: Year's worth of earnings in two months?
Replies: 69
Views: 7550

Re: Year's worth of earnings in two months?

good thing OP got out ahead of today's massive...rally.
by latesaver
Tue Mar 05, 2019 10:54 am
Forum: Personal Consumer Issues
Topic: Why do you live where you live?
Replies: 134
Views: 9680

Re: Why do you live where you live?

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"....
by latesaver
Mon Mar 04, 2019 1:41 pm
Forum: Personal Consumer Issues
Topic: Relocate to Carolinas
Replies: 80
Views: 7579

Re: Relocate to Carolinas

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 ...