Search found 3156 matches

by heyyou
Sat Nov 17, 2018 1:31 am
Forum: Personal Finance (Not Investing)
Topic: How Long / Hard To Become a Millionaire on Under $100k Income
Replies: 131
Views: 10547

Re: How Long / Hard To Become a Millionaire on Under $100k Income

Why is it assumed the returns will be more like 6% in the future instead of the historical 9/10%? Periods of high returns are often followed by periods of low returns, but the hidden good news is: You just keep buying fund shares if you can keep your job, so those shares purchased in the lesser per...
by heyyou
Thu Nov 15, 2018 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: How Long / Hard To Become a Millionaire on Under $100k Income
Replies: 131
Views: 10547

Re: How Long / Hard To Become a Millionaire on Under $100k Income

David Bach, author of the Automatic Millionaire books, suggests using payroll deductions to fund all of your savings accounts so you do not ever see any extra money in your checking account. That is "paying yourself first." Saving pay raises helped my portfolio grow. Morgan Housel wrote "Your wealth...
by heyyou
Thu Nov 15, 2018 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: How Long / Hard To Become a Millionaire on Under $100k Income
Replies: 131
Views: 10547

Re: How Long / Hard To Become a Millionaire on Under $100k Income

One hourly job from 1975 to 2005, no promotions, max annual pay ever was $67K, but averaged 50+ hours per week with paid overtime. The first $1000k stock/bond index portfolio value was in 2006 after retiring at age 55 in 2005.

That answers the title's question.
by heyyou
Mon Nov 12, 2018 4:05 am
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 220
Views: 27366

Re: [Financial] Habits of the Rich

Morgan Housel wrote that most people are not good with money, so to have money you need to act differently than most people. To do as mentioned by the other posters, learn to feel good about your frugal behaviors. Somehow cultivate a sense of having enough so you can enjoy a good life even while spe...
by heyyou
Mon Nov 12, 2018 2:32 am
Forum: Personal Consumer Issues
Topic: Quick Turnaround for Passport Applications (No Payment for Expedited Processing)
Replies: 18
Views: 1628

Re: Quick Turnaround for Passport Applications (No Payment for Expedited Processing)

By the way, I went to the county Superior Court Clerk's office to submit my application, where all of my paperwork was inspected, and approved before it was submitted by them. Most of the people in the slowly moving line, were doing the same. Perhaps that helps when the county's bundle shows up at s...
by heyyou
Sun Nov 11, 2018 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: Swensen - Why does he recommend Emerging Markets and Developed Markets for Int'l?
Replies: 22
Views: 3051

Re: Swensen - Why does he recommend Emerging Markets and Developed Markets for Int'l?

Late answer but this is the reason: by Call_Me_Op It makes sense to separate them because they are weakly correlated. This gives a rebalancing benefit. It also allows one to tilt if desired. Yes, plenty here have done okay in the distant past when those assets were not available in inexpensive funds...
by heyyou
Sun Nov 11, 2018 3:53 pm
Forum: Investing - Theory, News & General
Topic: Would you still jump if you were ready, then the market dropped 50%??
Replies: 40
Views: 4634

Re: Would you still jump if you were ready, then the market dropped 50%??

Would you still jump if you were ready, then the market dropped 50%?? I wouldn't be brave enough, but with our WD based on each recent annual portfolio balance, if the WD was still enough to suit the two of us, I would definitely consider retiring. Having retired in late 2005, we had more confidenc...
by heyyou
Sun Nov 11, 2018 2:53 pm
Forum: Personal Consumer Issues
Topic: Quick Turnaround for Passport Applications (No Payment for Expedited Processing)
Replies: 18
Views: 1628

Re: Quick Turnaround for Passport Applications (No Payment for Expedited Processing)

We received our new passports via Priority Mail on Friday of the NEXT WEEK (11 days later).
Same here, in the recent few weeks. Didn't note the calendar dates, but did notice the under two week turnaround.
by heyyou
Sun Nov 11, 2018 12:41 am
Forum: Investing - Theory, News & General
Topic: Words worth saving
Replies: 1
Views: 734

Re: Words worth saving

Saving pays in two ways: Obviously you have the money that is saved, plus you are conditioning yourself to live on less which effectively reduces your target of having 25x spending to start retirement.
by heyyou
Sat Nov 10, 2018 2:01 am
Forum: Investing - Help with Personal Investments
Topic: Strategy during the last stock market decline
Replies: 58
Views: 6224

Re: Strategy during the last stock market decline

Having retired early at age 55 in 2005, I was stunned by the losses, and was wondering if the pension would fail. Finally rebalanced long after the recovery was obvious. If I didn't do as well as most, that is still okay, since we still have enough for us. These days, I'm pleased about the lessons l...
by heyyou
Fri Nov 09, 2018 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Social Security as a percentage of portfolio
Replies: 14
Views: 1578

Re: Social Security as a percentage of portfolio

I don't include my SS in my portfolio since it would skew my bond allocation so low that I might fold in the next equity crash. Ignoring SS also helps me to delay taking it sooner than age 70. When I do start receiving it, then I might boost both my equity allocation and my WD rate a little, since I...
by heyyou
Fri Nov 09, 2018 12:39 pm
Forum: Investing - Theory, News & General
Topic: A reminder: Stay away from AQR
Replies: 172
Views: 12983

Re: A reminder: Stay away from AQR

Good marketing is often or always an appeal to greed--someone wanting more than is easily available. A better question is "Do I have enough?" instead of "How can I get more than everyone else?" on my conservative portfolio at Vanguard. I don't think I need to be any smarter. midareff's quote above, ...
by heyyou
Wed Nov 07, 2018 5:38 am
Forum: Investing - Theory, News & General
Topic: What's everyone currently in?
Replies: 93
Views: 8104

Re: What's everyone currently in?

For 13 years of retirement, about 60% in stock funds and 40% in bond funds.
The stock funds are tilted away from cap weighted Large Growth exposure by owning equal slices of several different funds.
by heyyou
Tue Nov 06, 2018 11:46 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: What To Do When An Investment Strategy Performs Poorly
Replies: 11
Views: 1732

Re: Larry Swedroe: What To Do When An Investment Strategy Performs Poorly

In a well diversified portfolio, some component will always be underperforming. I believe that concept is at least a decade old. It might be in one of Taylor's "gems" lists from those days, probably from one of Larry's earlier books. Since that remark has a fresh audience and still has great value,...
by heyyou
Mon Nov 05, 2018 3:21 pm
Forum: Investing - Theory, News & General
Topic: Question on the 4% withdrawal rule
Replies: 66
Views: 4366

Re: Question on the 4% withdrawal rule

Ron Scott » heyyou wrote: ↑ Sun Nov 04, 2018 6:21 pm At the OP: A major problem with the 4% rule is if the worst markets do not occur, the retiree will die with far more unspent than he/she started with for retirement. At heyyou and OP: This is an incredibly false and misleading statement for the v...
by heyyou
Sun Nov 04, 2018 6:21 pm
Forum: Investing - Theory, News & General
Topic: Question on the 4% withdrawal rule
Replies: 66
Views: 4366

Re: Question on the 4% withdrawal rule

At the OP: The 1994 4% rule was the best of the first ones, but is not in the current state-of-the-art retirement spending methods. It was better than a prior one that suggested spending 7% annually from a portfolio of all dividend paying stocks for 30 years, which was based on only the most recent ...
by heyyou
Sun Nov 04, 2018 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie question: IRA conversion with high pensions
Replies: 7
Views: 647

Re: Newbie question: IRA conversion with high pensions

Initially, Roth conversions will seem complicated, before they become routine. Yes, you will learn how to do them, and through annual repetitions, you will get the long term benefit. If you can only convert four digit amounts after age 70, a dozen or more of those annual conversions will make a diff...
by heyyou
Sat Nov 03, 2018 2:54 pm
Forum: Investing - Theory, News & General
Topic: The biggest rallies in stocks have happened during the worst times to be invested
Replies: 15
Views: 2320

Re: The biggest rallies in stocks have happened during the worst times to be invested

In the end, I believe investing success is more dependent upon psychology and one's sense of self-resiliency than understanding market details.
Well said. The initial two are durable, while the last is always changing within a wide spectrum.
by heyyou
Sat Nov 03, 2018 2:44 pm
Forum: Investing - Theory, News & General
Topic: Roth conversion strategy
Replies: 19
Views: 2108

Re: Roth conversion strategy

The info from several posters above is better than usual for many topics. Thank you to all for being so clear.
by heyyou
Sat Nov 03, 2018 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Help With Deciding to Start TSP Withdrawals/IRA Conversions
Replies: 7
Views: 661

Re: Help With Deciding to Start TSP Withdrawals/IRA Conversions

Minor good news is the G fund will not have high expected growth in the future as would a stock fund. Also the G will not drop like a stock fund would. As you do convert to a Roth IRA, put all of the Roth assets in some type of stock fund since your steady income sources (pension, SS) should cover m...
by heyyou
Fri Nov 02, 2018 11:01 pm
Forum: Investing - Theory, News & General
Topic: The biggest rallies in stocks have happened during the worst times to be invested
Replies: 15
Views: 2320

Re: The biggest rallies in stocks have happened during the worst times to be invested

I think that risk and reward dictate that investors have to tolerate the risks in order to get the rewards.
by heyyou
Wed Oct 31, 2018 8:41 pm
Forum: Personal Consumer Issues
Topic: Who has gotten the most value out of a car?
Replies: 48
Views: 3223

Re: Who has gotten the most value out of a car?

Bought a 1998 Toyota RAV4, 108K miles, in 2006 for $6500, still driving it at 222K miles and 24 miles per gallon, but have paid for two timing belts when they were showing wear.
by heyyou
Wed Oct 31, 2018 7:43 pm
Forum: Investing - Theory, News & General
Topic: Large cap value, small cap, mid cap, etc. index funds
Replies: 15
Views: 993

Re: Large cap value, small cap, mid cap, etc. index funds

Well said above about not tilting to the others until you thoroughly believe in your reasons for those tilts. Since the 2000 Crash, I'm tilting away from those mega-cap Large Growth businesses that dominate the cap weighted total market funds. The easiest way to boost your returns is to just save a ...
by heyyou
Wed Oct 31, 2018 7:01 pm
Forum: Investing - Theory, News & General
Topic: Is Small Value Still A Winner?
Replies: 96
Views: 6955

Re: Is Small Value Still A Winner?

Another view: If SCV does not out-perform, will it still do well enough to not severely reduce the portfolio's returns? If you can live with the variable results, the risk at the personal level is not as high as for someone who needs every dollar each year, and is seeking more returns.
by heyyou
Tue Oct 30, 2018 2:50 pm
Forum: Investing - Theory, News & General
Topic: Is the growing national debt a reason to diversify with international?
Replies: 33
Views: 3404

Re: Is the growing national debt a reason to diversify with international?

Is the growing national debt a reason to diversify with international? Sometimes :happy As usual, one of many answers is "It will fluctuate" in both your perception and in other's. There will not be a definitive answer, even after decades. Economists are steadily reinterpreting history. My choice is...
by heyyou
Mon Oct 29, 2018 10:04 pm
Forum: Personal Consumer Issues
Topic: Highlander or Murano 2018 ..
Replies: 36
Views: 2359

Re: Highlander or Murano 2018 ..

Our two Toyotas have an average of 200K miles each on them, since we do not care about how well their styles age. Don't count my vote, do what suits you. Sounds like you will repeat the process in 6-8 years, about when I think the 2018 models are starting to be affordable.
by heyyou
Mon Oct 29, 2018 4:37 am
Forum: Investing - Theory, News & General
Topic: DFA Retirement Income Strategies
Replies: 89
Views: 12876

Re: DFA Retirement Income Strategies

For those who enjoy a healthy skepticism about the ability to predict market returns for a specific retirement period, invest between 25%-75% equities the real story told in this chart is less about a low stock allocation and more about the simple eloquence of reduced spending. LEFT SIDE SAFER, RIG...
by heyyou
Sat Oct 27, 2018 8:06 pm
Forum: Investing - Theory, News & General
Topic: For those that think the current selloff is normal
Replies: 25
Views: 5858

Re: For those that think the current selloff is normal

It is normal for the stock market to fluctuate while slowly rising for a long period, then fluctuate as it quickly falls significantly before repeating the initial situation. The numbers, 2018 GAINS ERASED!!!, don't seem bad yet, relative to the gains from the recent decade. There is currently great...
by heyyou
Thu Oct 25, 2018 12:14 am
Forum: Personal Finance (Not Investing)
Topic: Adjust Withdrawals For More Money in Your 60’s-70’s
Replies: 19
Views: 2090

Re: Adjust Withdrawals For More Money in Your 60’s-70’s

by icetrap » Preaching for my own method, I would suggest looking at Accumumulation-dynamic decumulation method and just not apply any inflation protection. You could go for VPW with a 124% multiplier (or less). You would get a much higher withdrawal now at the expense of lossing inflation protecti...
by heyyou
Wed Oct 24, 2018 11:48 pm
Forum: Investing - Help with Personal Investments
Topic: Reaction to Market
Replies: 71
Views: 7654

Re: Reaction to Market

Max SS starts in 18 months. Ten plus years of additional WDs is in bond funds. I suppose that my equities lost in today's market fluctuation, but since the portfolio is not cap weighted, just each fund in the slice and dice portfolio, I may have lost less than someone with more growth exposure, whil...
by heyyou
Wed Oct 24, 2018 3:40 pm
Forum: Investing - Theory, News & General
Topic: Bonds saved the bacon in the "lost decade" for stocks, but will they do it again?
Replies: 21
Views: 3067

Re: Bonds saved the bacon in the "lost decade" for stocks, but will they do it again?

Being retired, my bond allocation is for spending when stock prices are depressed, with ten plus years of spending just sitting there waiting. Max SS starts in 18 months. So far, my ignorance about the future has yet to cause problems. We retired expecting to adapt to variable future income.
by heyyou
Wed Oct 24, 2018 3:05 pm
Forum: Investing - Theory, News & General
Topic: The ship metaphor
Replies: 24
Views: 2018

Re: The ship metaphor

Uncertainty boosts market turmoil. There will be less uncertainty after a couple of weeks. Something about problems that are familiar, is better than problems that are unfamiliar.
by heyyou
Wed Oct 24, 2018 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: Fundamental indexing when prices are rich and 6 stocks generate 98% of 2018 S&P 500 gains
Replies: 4
Views: 702

Re: Fundamental indexing when prices are rich and 6 stocks generate 98% of 2018 S&P 500 gains

If there is a correction of 25-50% would fundamentally indexing help lessen the blow? The good news is "technically yes" if you consider a 24% drop in a fundamental index as being better than a 50% drop in those high flying FAANG stocks. Whatever is likely to buffer market drops, will sometimes eve...
by heyyou
Wed Oct 24, 2018 2:29 am
Forum: Investing - Theory, News & General
Topic: Stocks, Inflation, and the Strategic Implications
Replies: 25
Views: 2310

Re: Stocks, Inflation, and the Strategic Implications

Often, whatever would have worked well on a previous problem, is not a good solution in the following period or for the future repeat of a previous problem. Some of this can be attributed to stock price crashes (similar symptoms) but occurring after different stock run-up reasons. Risk and reward di...
by heyyou
Wed Oct 24, 2018 12:29 am
Forum: Investing - Help with Personal Investments
Topic: Choosing the right index fund mix
Replies: 9
Views: 1074

Re: Choosing the right index fund mix

If your current holdings were seen in a Morningstar (M*) X-ray (3x3 size and value display) that is recently behind a paywall, it would show that the top holdings of your 500 fund, and your domestic Growth fund, and your personally held stock holdings with those large gains, all overlap. Those will ...
by heyyou
Tue Oct 23, 2018 3:37 pm
Forum: Investing - Help with Personal Investments
Topic: "The market always comes back"
Replies: 20
Views: 4053

Re: "The market always comes back"

Expect to spend from bond funds when stock values are down.
Keep your necessary expenses low. Spend a set % of each recent annual portfolio value, thus spending less when stocks are down. That % can be boosted slightly as your expected longevity decreases.
by heyyou
Tue Oct 23, 2018 3:27 pm
Forum: Investing - Theory, News & General
Topic: So...what’s Plan B [for your retirement security]?
Replies: 32
Views: 3528

Re: So...what’s Plan B [for your retirement security]?

Plan B has been part of Plan A: Keep necessary expenses low to accommodate variable retirement income Retired in a LCOL area in a retirement sized, paid off home We have consistently purchased used cars known for long term reliability Delayed SS to age 70 Per McClung with some of his methods confirm...
by heyyou
Tue Oct 23, 2018 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: For those who paid off house - how did you do it?
Replies: 97
Views: 7709

Re: For those who paid off house - how did you do it?

by mptfan 1) Don't buy too much house. 2) Don't pay for space that you will hardly ever use, like "great rooms" or "bonus rooms" or extra bedrooms 3) Do not determine how much house you can afford based on how much a lender is willing to "approve" a mortgage 4) Do not get a mortgage longer than 15 ...
by heyyou
Sat Oct 20, 2018 4:59 pm
Forum: Investing - Theory, News & General
Topic: 20 yr review of Mel's Unloved Midcaps
Replies: 23
Views: 5708

Re: 20 yr review of Mel's Unloved Midcaps

I salute the person who has recognized what suits himself, regardless of the opinions of others.
Thank you Mel for just being who you are.
by heyyou
Sat Oct 20, 2018 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Do Any Annuities Offer a "Free Lunch"?
Replies: 21
Views: 1966

Re: Do Any Annuities Offer a "Free Lunch"?

American Express is not known for low fee products.
The complexity of the fees on page 4 of the .pdf, are designed to hide more costs than to simply explain them. Gov't regulations require some explanation of the fees, but there are no rules about the intricacy of those explanations.
by heyyou
Fri Oct 19, 2018 8:53 pm
Forum: Investing - Theory, News & General
Topic: Top stocks of 2000 trail the market over the next 18 years
Replies: 39
Views: 3028

Re: Top stocks of 2000 trail the market over the next 18 years

From a different topic, but the same answer: McClung ran each of the equity sub-asset classes separately in a 30 year retirement calculator. Yes, Small Growth did the worst, but the second worst was Large Growth (the category of most of the stocks in this discussion topic), so McClung tries to avoid...
by heyyou
Wed Oct 17, 2018 10:48 pm
Forum: Personal Consumer Issues
Topic: When to change tires; and what brand
Replies: 131
Views: 8541

Re: When to change tires; and what brand

My cars are small and light which helps with longer tire wear. Michelins seem hold air longer than other brands. If you check your tire air on a regular schedule, perhaps that attribute is not worth the extra cost, but it suits me.
by heyyou
Tue Oct 16, 2018 10:01 pm
Forum: Personal Consumer Issues
Topic: Personal Adventure - recommendations
Replies: 79
Views: 4945

Re: Personal Adventure - recommendations

The Arizona Trail is 800 miles, trans-state, with far fewer, other hikers than the Big 3 longer trails. A few, more or less full-time hikers do it as training for the Pacific Crest Trail since the AzT season ends about when the PCT season starts. A different suggestion: One guy hired and helped a we...
by heyyou
Tue Oct 16, 2018 4:31 pm
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 226
Views: 19488

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

Sequence risk does not suddenly appear. Those who monitor their annual WDs relative to their remaining portfolio balance will see it. I believe some of McClung's dense tables of 30 year retirement WDs show each remaining annual balance as a decimal amount of the starting balance.
by heyyou
Tue Oct 16, 2018 4:10 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Prepare For The Bear
Replies: 74
Views: 9995

Re: Larry Swedroe: Prepare For The Bear

Allocating is merely the last step of bear market prep. Delay SS for more from a steady income source, and keep your necessary expenses low in spite of your soaring portfolio balance, since those steps reduce the need for future higher portfolio withdrawals. Expecting to spend from only your bond fu...
by heyyou
Tue Oct 16, 2018 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: Does Lifestrategy make sense in Roth IRA's
Replies: 26
Views: 3250

Re: Does Lifestrategy make sense in Roth IRA's

As soon as future returns are known, we can then calculate what would have been the best allocation to have been in. Welcome to the risk portion of risk and reward. This seeking of the best or the optimal, is a form of greed. When we give it up and just accept something that is near enough to being ...
by heyyou
Mon Oct 15, 2018 2:46 pm
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 226
Views: 19488

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

When discussing what is the truly safe, safe withdrawal rate, folks are looking for certainty for every year of a specific future 30 year period. The bad news is there isn't any certainty, nor is there going to be any. The current information is as good as it needs to be. You can strive for more exa...
by heyyou
Sun Oct 14, 2018 6:57 pm
Forum: Investing - Help with Personal Investments
Topic: Have you annuitized some of your money?
Replies: 67
Views: 5858

Re: Have you annuitized some of your money?

Have you annuitized some of your money? I stayed 30 years at the blue collar job that had a no-COLA pension and a 401k. I annuitized 30 years of labor and sweat, working outdoors year 'round in Arizona, with no AC. Took the pension early but delayed SS until 70, when it will be near the pension's m...
by heyyou
Sun Oct 14, 2018 6:25 pm
Forum: Personal Consumer Issues
Topic: Making Winter Camping more comfortable
Replies: 39
Views: 2729

Re: Making Winter Camping more comfortable

Power-stretch fleece has the highest insulation to weight ratio, and is the BH priced alternative to merino wool. I carry a full coverage layer (hooded top and watch cap, long johns, fleece socks and mittens) separately for dry clothing to sleep in, plus down booties and a thin breathable nylon runn...