Search found 82 matches

by Socal77
Thu Dec 13, 2018 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Side Hustle? Passive Income?
Replies: 23
Views: 2069

Re: Side Hustle? Passive Income?

Sandtrap wrote:
Thu Dec 13, 2018 10:55 am
Mike Scott wrote:
Thu Dec 13, 2018 10:52 am
There are a lot of folks here who do rentals. I think it's the idea that the rental business is passive income that gets confused.
sometimes true :D
+1
Plus the oft compared % returns of stocks vs. real estate.
by Socal77
Wed Dec 12, 2018 1:30 pm
Forum: Investing - Theory, News & General
Topic: Is there value in these books?
Replies: 22
Views: 1447

Re: Is there value in these books?

Yes. I vote Adam Smith and Milton Friedman.

Understanding the core concepts of the "Invisible hand" from Adam Smith, and Friedmans' explanation about the merits of a "Free Enterprise" system, have greatly enhanced my understanding of some of the mechanics of economics. Their works are timeless.
by Socal77
Sat Dec 08, 2018 11:18 am
Forum: Personal Consumer Issues
Topic: New QUIET Tires for Accord
Replies: 37
Views: 2499

Re: New QUIET Tires for Accord

Pretty much every consumer decision this day is a rabbit hole (probably for the better but there are trade-offs too). I had a Honda Civic coupe a while back and greatly improved the ride quality with a next to the top tier Michelin all season. I have a Corolla S now and greatly improved the ride qua...
by Socal77
Fri Dec 07, 2018 10:22 pm
Forum: Personal Consumer Issues
Topic: Portable Bluetooth Speaker Recommendations (loud and good sound quality)
Replies: 33
Views: 1923

Re: Portable Bluetooth Speaker Recommendations (loud and good sound quality)

The new KEF lsx wireless. Don't worry about the price. You're getting a TRUE taste if audiophile quality sound, in a very high quality and attractive package. Add a Tidal Hi-Fi subscription and be amazed. Wow this thread gets more awesome all the time! While these KEF lsx wireless look awesome, the...
by Socal77
Fri Dec 07, 2018 9:59 pm
Forum: Personal Consumer Issues
Topic: Portable Bluetooth Speaker Recommendations (loud and good sound quality)
Replies: 33
Views: 1923

Re: Portable Bluetooth Speaker Recommendations (loud and good sound quality)

The new KEF lsx wireless. Don't worry about the price. You're getting a TRUE taste if audiophile quality sound, in a very high quality and attractive package. Add a Tidal Hi-Fi subscription and be amazed. I've had these on my Amazon list for a while. The green/fabric would be a nice Christmas gift ...
by Socal77
Fri Dec 07, 2018 6:22 am
Forum: Personal Consumer Issues
Topic: Portable Bluetooth Speaker Recommendations (loud and good sound quality)
Replies: 33
Views: 1923

Re: Portable Bluetooth Speaker Recommendations (loud and good sound quality)

The new KEF lsx wireless.

Don't worry about the price.

You're getting a TRUE taste if audiophile quality sound, in a very high quality and attractive package.

Add a Tidal Hi-Fi subscription and be amazed.
by Socal77
Tue Dec 04, 2018 11:40 am
Forum: Investing - Theory, News & General
Topic: Yield Curve = Inverted
Replies: 58
Views: 5997

Re: Yield Curve = Inverted

Yes. The yield curve relays information along the whole term structure. But the textbook ratio is 3 month to 10 year, and nothing else.

And even that can invert quite a while before a recession.
by Socal77
Tue Dec 04, 2018 11:29 am
Forum: Personal Consumer Issues
Topic: Retired in your late 40s or early 50s?
Replies: 87
Views: 14003

Re: Retired in your late 40s or early 50s?

Retired 14 yrs ago at age 50. Not one regret, got the h e l l out and have done whatever I want to do each day as it comes. No plans, I am an expert at doing nothing, or rather what main stream society thinks is nothing. Lots of online time searching for whatever comes to mind. Lots of time to thin...
by Socal77
Mon Dec 03, 2018 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement itch- when did you get it?
Replies: 127
Views: 11888

Re: Retirement itch- when did you get it?

Early forties. Daily.
by Socal77
Thu Nov 22, 2018 8:21 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Managed Payout Fund VPGDX?
Replies: 10
Views: 933

Re: Vanguard Managed Payout Fund VPGDX?

...The reason I inquire is because if it were more well received by the Boglehead community I'd give it more thought because it would be best for him to just receive a monthly payment and not have to think/worry about safe withdrawal rates... My personal solution to this problem was to use part of ...
by Socal77
Thu Nov 22, 2018 8:04 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Managed Payout Fund VPGDX?
Replies: 10
Views: 933

Re: Vanguard Managed Payout Fund VPGDX?

It depends entirely on whether you a) understand, and b) agree with the investment strategy it follows. The expense ratio was never the problem. It's the only fund I know that seeks to use an aggressive, mostly-stocks portfolio to generate stable monthly payouts. It's appropriate if you understand ...
by Socal77
Thu Nov 22, 2018 7:03 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Managed Payout Fund VPGDX?
Replies: 10
Views: 933

Re: Vanguard Managed Payout Fund VPGDX?

The only reason I can think of for owning this fund would be for someone who just wants Vanguard to send them an allowance every month. But there are lots of more compelling reasons not to own it. I agree. It’s hard to see a way that VPGDX is better than Vanguard LifeStrategy Moderate Growth Fund (...
by Socal77
Wed Nov 21, 2018 7:59 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Managed Payout Fund VPGDX?
Replies: 10
Views: 933

Vanguard Managed Payout Fund VPGDX?

I went through a thread where it was not recommended -- even Taylor Larimore and nisiprius did not recommend it.

But it's an old thread and the expense ratio has been reduced and the funds consolidated I believe..

Is it still not recommended?
by Socal77
Wed Nov 21, 2018 7:13 am
Forum: Investing - Theory, News & General
Topic: How to Withdraw Money in Retirement, Following a Down Year
Replies: 58
Views: 5437

Re: How to Withdraw Money in Retirement, Following a Down Year

How about letting Vanguard allocate the assets and calculate the withdrawal amount by using the Vanguard Managed Payout Fund (VPGDX)?

Prospectus says it is variable but usually roughly 4% per year. It seems like a pretty good value with .34% expense ratio...
by Socal77
Fri Nov 16, 2018 9:16 pm
Forum: Investing - Help with Personal Investments
Topic: Are We In A Real Estate Bubble?
Replies: 112
Views: 13615

Re: Are We In A Real Estate Bubble?

No one knows exactly but I'd be hesitant to call this real estate cycle a bubble, just because the last one did turn out to be a "bubble."
by Socal77
Tue Sep 04, 2018 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Talk me out of buying a house
Replies: 28
Views: 2535

Re: Talk me out of buying a house

You are also unmarried and only 31 years old. If/when you get a spouse, where you want to live should be a decision you make together. I tend to agree. What NEED is there for a single person to buy a SFH even a small one let alone one on 5 acres? You don't need the room. You don't need the school s...
by Socal77
Tue Aug 07, 2018 2:55 pm
Forum: Personal Consumer Issues
Topic: Relaxing - quieting the mind
Replies: 47
Views: 3249

Re: Relaxing - quieting the mind

Meditation app "Breathe." Free content or pay for full access.

Exercise, especially cardio.

Study Senecas' "Letters from a Stoic" and Marcus Aurelius' "Meditations."
by Socal77
Wed Aug 01, 2018 12:42 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 762
Views: 78759

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

rgs92 wrote:
Wed Aug 01, 2018 12:34 pm
I wish they would also have this for a total bond market fund.
I also wish they would have one for a balanced index fund that is not a target fund. (Or at least with an ER under 5 basis points. They have no such fund. 4-in-1 has too high a stock allocation to qualify.)
Ditto
by Socal77
Wed Aug 01, 2018 12:21 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 762
Views: 78759

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

triceratop wrote:
Wed Aug 01, 2018 11:43 am
I merged several duplicate topics into this first one by jhfenton (the system orders by time).

(Me personally I would still not use the funds; for tax reasons and because I'm not receiving the full rewards of the risks they take with my money in securities lending)
Would you elaborate? Thanks
by Socal77
Thu Jul 26, 2018 11:13 am
Forum: Investing - Theory, News & General
Topic: Anyone find a better all-in-one bond fund than FTBFX?
Replies: 5
Views: 786

Re: Anyone find a better all-in-one bond fund than FTBFX?

I use iShares total bond ETF AGG, expense ratio .05. Available commission free (as long as not frequently traded) in Fidelity accounts.
by Socal77
Wed Jul 11, 2018 4:00 pm
Forum: Personal Consumer Issues
Topic: Living above means until March 1st
Replies: 16
Views: 2271

Re: Living above means until March 1st

Make a list of all the tailwinds you have pushing you forward. Chances are they are much more powerful than this tiny headwind that faces you now.
by Socal77
Fri Jul 06, 2018 5:53 pm
Forum: Investing - Theory, News & General
Topic: Fidelity cash position
Replies: 55
Views: 8050

Re: Fidelity cash position

I just started using iShares SHV (Ultra short term treasury ETF) in my taxable and 401K brokerage accounts. Its average maturity is ~.45 years, has an SEC yield currently of 1.89%, and expense ratio of .15%. It's a no transaction fee fund through Fidelity. You gotta watch this at Fidelity. While th...
by Socal77
Fri Jul 06, 2018 2:46 pm
Forum: Investing - Theory, News & General
Topic: Fidelity cash position
Replies: 55
Views: 8050

Re: Fidelity cash position

I just started using iShares SHV (Ultra short term treasury ETF) in my taxable and 401K brokerage accounts.

Its average maturity is ~.45 years, has an SEC yield currently of 1.89%, and expense ratio of .15%.

It's a no transaction fee fund through Fidelity.
by Socal77
Wed Jul 04, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Dear wise Bogleheads, ideas highly appreciated... [Move, Switch Career]
Replies: 15
Views: 2902

Re: Dear wise Bogleheads, ideas highly appreciated...

BA Economics, Cum Laude, 2008 - Cal State Long Beach. Hello, fellow CSULB Econ grad. :sharebeer And it's very interesting that I have a nearly identical plan, except my love is teaching. And I'm trapped in DC, not Wisconsin. :wink: I think it's totally reasonable to be able to get into a budget job...
by Socal77
Tue Jul 03, 2018 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Dear wise Bogleheads, ideas highly appreciated... [Move, Switch Career]
Replies: 15
Views: 2902

Re: Dear wise Bogleheads, ideas highly appreciated...

My guess is that with your experience (ie age) and only having an economics background, it would probably be tough getting a job in a corporate finance function. Typically you'd want to see at least a finance degree and preferably an MBA. And even then you are competing with people a decade younger...
by Socal77
Tue Jul 03, 2018 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Small business owners. Would you share your trade secrets?
Replies: 0
Views: 350

Small business owners. Would you share your trade secrets?

Only joking. :D

What industry and would you still recommend entering that particular market?

Thanks
by Socal77
Tue Jul 03, 2018 6:57 am
Forum: Personal Finance (Not Investing)
Topic: Dear wise Bogleheads, ideas highly appreciated... [Move, Switch Career]
Replies: 15
Views: 2902

Re: Dear wise Bogleheads, ideas highly appreciated...

It is often extremely hard to get an IT job in your 40's even with relevant experience, let alone as a newbie to the field. I sure wouldn't bet the farm on it. This is from the vantage point of my own personal experience (and from many good, educated, formerly successful co-workers). As far as I ca...
by Socal77
Mon Jul 02, 2018 9:40 pm
Forum: Investing - Help with Personal Investments
Topic: Expected returns for 80/20 stock bond for next 10 years.
Replies: 169
Views: 13710

Re: Expected returns for 80/20 stock bond for next 10 years.

A realistic return number for an 80/20 allocation is 5% nominal and 3% real. Sorry I was not clear in that. This is not accurate according to historical returns. Realistic nominal returns are between 7-10 5 nominal 3 real can be accurate for the next decade due to current valuations. But still, eve...
by Socal77
Mon Jul 02, 2018 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Dear wise Bogleheads, ideas highly appreciated... [Move, Switch Career]
Replies: 15
Views: 2902

Re: Dear wise Bogleheads, ideas highly appreciated...

I further agree that IT is the most viable entry level route given your background and desires. They are not much concerned about what your degree is in if you can complete certs and display necessary practical skills. Consider CRM or ERP administration too - very comfy IT jobs with no established ...
by Socal77
Mon Jul 02, 2018 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Dear wise Bogleheads, ideas highly appreciated... [Move, Switch Career]
Replies: 15
Views: 2902

Re: Dear wise Bogleheads, ideas highly appreciated...

Thanks for bearing with me. Here are my questions: 1) Am I employable in an entry level finance/economics/academic administration job with the above experience? (I'm not a "recent grad.") 2) Are there any valuable certificates I could complete that would drastically increase my finance employment o...
by Socal77
Mon Jul 02, 2018 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Dear wise Bogleheads, ideas highly appreciated... [Move, Switch Career]
Replies: 15
Views: 2902

Re: Dear wise Bogleheads, ideas highly appreciated...

Have you considered IT? Given your background it may be a better fit. I am thinking you don't have to conform to typical norms as much (age, experience etc) and your ability may be more important than where you belong and fit in a corporate finance org chart. Best of luck! Thanks. I have and am con...
by Socal77
Mon Jul 02, 2018 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Dear wise Bogleheads, ideas highly appreciated... [Move, Switch Career]
Replies: 15
Views: 2902

Re: Dear wise Bogleheads, ideas highly appreciated...

This is a certificate I think would be useful: https://www.ethicssolutions.net/training.html. It is the idea of Richard J. Maybury and something we need to get back to teaching IMHO. I think you can do what you’ve outlined. You seem like a focused and determined guy! Thank you. That would be an int...
by Socal77
Mon Jul 02, 2018 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Dear wise Bogleheads, ideas highly appreciated... [Move, Switch Career]
Replies: 15
Views: 2902

Dear wise Bogleheads, ideas highly appreciated... [Move, Switch Career]

Synopsis: 43, single, no debt, obligations, or responsibilities. Net worth ~$460,000. ~$360,000 tax deferred assets. ~$105K in emergency fund/real estate down payment/early retirement fund, etc. which will be approximately $125K when I hit my 20 year employment milestone (in March 2019). At that tim...
by Socal77
Wed Jun 27, 2018 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Lost out on promotion
Replies: 104
Views: 11156

Re: Lost out on promotion

RadAudit wrote:
Tue Jun 26, 2018 7:18 pm
Condolences.

While I was employed, I was never able to figure out the calculus of some promotions vs. others. Lots of moving parts. And sometimes, it is not necessarily what it appears to be.

Note my signature.
Like
by Socal77
Wed Jun 27, 2018 7:29 am
Forum: Investing - Help with Personal Investments
Topic: Do you/How do you stress-test your plan?
Replies: 29
Views: 1671

Re: Do you/How do you stress-test your plan?

401K & Brokerage Stress Test 3 std. dev. loss Ending Balance $160,987.68 Loss $104,770.12 Cash $91,649.00 Ending Balance with cash included $252,637 Total Loss @ 3 std. dev. 29% Then I double/triple the stock balance to feel good about how much it could grow during the next bull. In the above scenar...
by Socal77
Wed Jun 13, 2018 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Thrivent?
Replies: 17
Views: 1918

Re: Thrivent?

Where I moved I see people wearing Thrivent T-Shirts where the "T" in Thrivent is a christian cross and states "Live Generously."

I wouldn't touch their services with a ten foot pole. They make Edward Jones look like saints.
by Socal77
Mon Jun 11, 2018 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Best Advice You Never Took
Replies: 100
Views: 14578

Re: Best Advice You Never Took

From the infamous Alex "Mousey" Ostrowsky.

"Matt... Don't ever get married."
by Socal77
Mon Jun 04, 2018 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Should I use an HSA?
Replies: 15
Views: 1693

Re: Should I use an HSA?

HDHP/HSA is great for people who don't need or want to consume much healthcare, or who can pay healthcare from non HSA money. Even if I do go to the doctor the visit is between $150 half hour, to $300 full hour. Any medications extra but thy're usually pretty cheap anyway. Of course a big health iss...
by Socal77
Sun May 27, 2018 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Keep or sell primary residence condo after job move?
Replies: 23
Views: 1832

Re: Keep or sell primary residence condo after job move?

If you are happy where you live, then why are you looking for jobs elsewhere? Why not set your roots where you are? I should have provided a more clarified answer: I'm happy with our condo location, neighborhood and "life outside work". As to why I'm not happy with my current job, the answer will n...
by Socal77
Wed May 16, 2018 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Becoming a Certified Financial Planner
Replies: 21
Views: 2436

Re: Becoming a Certified Financial Planner

I completely understand and agree that "fee only hourly" is technically the most correct way to advise investment decisions. However I'd like to add that there is nothing unethical about gathering assets and charging an AUM fee so long as it small. What does Vanguard charge? .4 percent AUM? The reas...
by Socal77
Tue May 15, 2018 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to rent as a retiree?
Replies: 83
Views: 9779

Re: Does it make sense to rent as a retiree?

Another benefit to owning is your mortgage (if you have one) deflates while rents rise. In effect you are reducing your personal inflation rate as long as house/condo related expenses are in check. This can be huge for places like Socal where rents can rise significantly in a short period of time an...
by Socal77
Tue May 08, 2018 8:45 am
Forum: Investing - Help with Personal Investments
Topic: Trying to understand inflation
Replies: 16
Views: 1275

Re: Trying to understand inflation

I’m trying to understand inflation in relation to how to calculate how much I need in Retirement (total dollar amount). I’m using Calculator Soup Investment calculator and here are the numbers I’m inputting: Beginning Investment amount: $100,000 Number of years: 23 Interest Rate: 7% Compounding: Mo...
by Socal77
Tue May 08, 2018 7:14 am
Forum: Investing - Help with Personal Investments
Topic: Trying to understand inflation
Replies: 16
Views: 1275

Re: Trying to understand inflation

I’m trying to understand inflation in relation to how to calculate how much I need in Retirement (total dollar amount). I’m using Calculator Soup Investment calculator and here are the numbers I’m inputting: Beginning Investment amount: $100,000 Number of years: 23 Interest Rate: 7% Compounding: Mo...
by Socal77
Mon May 07, 2018 10:05 am
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 168
Views: 18998

Re: What Percentage CASH are you?

Total Asset Allocation...................................All Assets......Without Checking & Savings Stocks.................................$231,658.13.......51.0%...........60.2% Bonds.................................$62,894.87.........13.8%...........16.4% Cash...................................$15...
by Socal77
Wed May 02, 2018 8:53 am
Forum: Personal Consumer Issues
Topic: Have you quit eating sugar? Tell me how!
Replies: 129
Views: 12227

Re: Have you quit eating sugar? Tell me how!

Don't buy trigger foods.