Search found 587 matches

by gotester2000
Sat Nov 10, 2018 12:38 pm
Forum: Investing - Theory, News & General
Topic: Do you prefer etfs or mutual funds?
Replies: 52
Views: 4562

Re: Do you prefer etfs or mutual funds?

Mutual funds -

1.You dont need a BROKERAGE account.
2. There is no spread in transactions.
3. You can SIP them.
4. There is no brokerage fee for every trade.
by gotester2000
Fri Oct 26, 2018 5:05 am
Forum: Investing - Theory, News & General
Topic: Compounding interest?
Replies: 51
Views: 5273

Re: Compounding interest?

Stocks don't earn interest, so they don't compound in the same sense as a savings bank account. They only "compound" in a theoretical sense, by hopefully growing every year. Right - If you invest in the market index for a long term like 30 years, there is a high probability that X may become 10X. T...
by gotester2000
Fri Oct 26, 2018 3:05 am
Forum: Investing - Theory, News & General
Topic: Compounding interest?
Replies: 51
Views: 5273

Re: Compounding interest?

Thank you for this. Using these retirement calculators and projecting a conservative 3%-5% return rate assumes a simple return but the annual rate of return of an investment is usually the effect of a series of returns (geometric mean). So if I am saving heavily, could it be that over time that my ...
by gotester2000
Thu Oct 25, 2018 9:43 pm
Forum: Investing - Theory, News & General
Topic: Compounding interest?
Replies: 51
Views: 5273

Re: Compounding interest?

Example: Case 1: CD of 100$ @2% p.a. grows as following in years 1,2,3 : 102, 104.04, 106.12 Case 2: Index fund of 100$ @2% CAGR moves as following in years 1,2,3 : Year 1 : 5% - 105 Year 2 : -3% - 101.85 Year 3 : 4.2% - 106.12 In both cases, amount is 106.12. Case 1 is compound interest, guaranteed...
by gotester2000
Thu Oct 25, 2018 10:47 am
Forum: Investing - Theory, News & General
Topic: Compounding interest?
Replies: 51
Views: 5273

Re: Compounding interest?

Please help me understand how saving heavily and compounding returns positive growth when I see losses in my accounts? Don't the losses wipe out the power of compounding in other words? Your basics are wrong. Markets(Capital assets) and your related accounts do not compound. The gain is selling min...
by gotester2000
Thu Oct 25, 2018 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Buying an apartment in China
Replies: 14
Views: 1618

Re: Buying an apartment in China

Buying with wife is fine. With girlfriend in a foreign country is high risk. Add to it currency risk, taxation and repatriation difficulties after 5 years when you are no longer staying there. Mortgage payments in China and India are about 3 times rent, which is cheap. Upside is leverage on down pay...
by gotester2000
Wed Oct 24, 2018 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking housing advice
Replies: 11
Views: 1170

Re: Seeking housing advice

My in-laws are in the legal process of immigrating to the US, are in their early 50s, and do not have a lot of savings. My MIL is helping with housework and the kids, and my FIL (in about 3 months when he is legally eligible) will get any job that provides insurance benefits for the two of them (e....
by gotester2000
Thu Oct 18, 2018 12:59 pm
Forum: Personal Consumer Issues
Topic: Anyone done a Hair Transplant?
Replies: 79
Views: 5900

Re: Anyone done a Hair Transplant?

Grow old gracefully. Body modifications are nearly always obvious and emphasize insecurity. Better to be mindfully healthy and maximize one's limited time on earth. +1 This wisdom comes with age. More than the person, immediate family members have greater concern about his looks. Many people in 60s...
by gotester2000
Thu Oct 18, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Approach to rescinding a job acceptance
Replies: 50
Views: 4079

Re: Approach to rescinding a job acceptance

By accepting the counter you are going to work hard to be re-accepted by your current company. I would never accept a counter. I get what you're saying and I'm prepared for that. Bottom line is I'm always going to work hard to be accepted and prove myself to an employer. The employer only cares abo...
by gotester2000
Thu Oct 11, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Pls help us design our family life!!!
Replies: 42
Views: 5286

Re: Pls help us design our family life!!!

I think giving up a local govt job to be a SAHM is a bad idea. You have plenty of time and low stress.
Continue the job and I see no problem at all.
by gotester2000
Tue Oct 09, 2018 11:55 pm
Forum: Personal Finance (Not Investing)
Topic: Job Opportunity - Via Staffing Agency
Replies: 29
Views: 2307

Re: Job Opportunity - Via Staffing Agency

might I suggest you look it up in either the “urban dictionary” or in wiki { it probably doesn’t mean what you think it means} LOL...expression of sympathy or genuine concern, per the wiki. :wink: Although, given the prevalence of HR-hate expressed on this forum I can understand why a different usa...
by gotester2000
Tue Oct 09, 2018 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Job Opportunity - Via Staffing Agency
Replies: 29
Views: 2307

Re: Job Opportunity - Via Staffing Agency

Unless you work for the government, permanent job is an illusion. You are clearly uncomfortable with contract to hire - why dont you look for other so called permanent offers? Being FI is great - I like taking contracting opportunities - they pay you more and no politics involved. Besides there is n...
by gotester2000
Tue Oct 09, 2018 2:29 am
Forum: Investing - Help with Personal Investments
Topic: Mortgage lump sum question - What would you do?
Replies: 23
Views: 2560

Re: Mortgage lump sum question - What would you do?

2.75% rate, primary mortgage interest deduction from income and age only 45- why would you prepay so cheap money?
by gotester2000
Mon Oct 08, 2018 10:22 pm
Forum: Personal Consumer Issues
Topic: Refinace house but how?
Replies: 26
Views: 1693

Re: Refinace house but how?

Delay the work till you have enough money. By the time you have enough money you may find that the money may provide value for something more important.
by gotester2000
Mon Oct 08, 2018 1:16 pm
Forum: Investing - Theory, News & General
Topic: Allan Roth doesn't like single premium annuities
Replies: 198
Views: 10830

Re: Allan Roth doesn't like single premium annuities

Since I dont have an inflation adjusted pension, I am considering an annuity ladder - if I live a long life.
Is there any other product that will give you peaceful sleep?
by gotester2000
Mon Oct 08, 2018 4:30 am
Forum: Personal Finance (Not Investing)
Topic: Plan For Depleting Your Investments If No Heirs?
Replies: 39
Views: 4726

Re: Plan For Depleting Your Investments If No Heirs?

willthrill81 wrote:
Sun Oct 07, 2018 3:47 pm
gotester2000 wrote:
Sat Oct 06, 2018 7:39 am
If you are single then buy a SPIA after selling all assets. Blow it off every month. Also blow off SS.
A married couple could do this as well. Just buy a SPIA that will last through both spouse's lives.
Right...only if the spouse agrees😯
by gotester2000
Mon Oct 08, 2018 4:14 am
Forum: Investing - Help with Personal Investments
Topic: Evaluate net worth - FIRE really that close?
Replies: 56
Views: 7752

Re: Evaluate net worth - FIRE really that close?

Thanks for the responses. I think 3% is generally considered quite a safe withdrawal rate so those of you saying it wouldn't last until 70 or I need 4 million, I think that is pretty conservative. I see the quick math, 1.4M minus college minus home equity at 1.05M. However my monthly expenses inclu...
by gotester2000
Sat Oct 06, 2018 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Concerns of buying a home...what would you do?
Replies: 23
Views: 2139

Re: Concerns of buying a home...what would you do?

If you have a stable job and going to stay in the area for a long time then you should buy a house to live.
by gotester2000
Sat Oct 06, 2018 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Plan For Depleting Your Investments If No Heirs?
Replies: 39
Views: 4726

Re: Plan For Depleting Your Investments If No Heirs?

If you are single then buy a SPIA after selling all assets. Blow it off every month. Also blow off SS.
You can donate/start a scholarship as well as enjoy your life. No worries. Once you reach 80 you will find that you care less about the money.
by gotester2000
Sat Oct 06, 2018 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Need advice re Sell or Keep house
Replies: 19
Views: 1275

Re: Need advice re Sell or Keep house

I would sell the house since you are years away from settling anywhere and you cannot let the house lie vacant.
Available credit on CC :moneybag is not an asset :oops: .
by gotester2000
Sat Oct 06, 2018 2:49 am
Forum: Personal Finance (Not Investing)
Topic: getting paid as a contractor
Replies: 33
Views: 2278

Re: getting paid as a contractor

I work as a contractor using online platforms. I start a milestone for fixed amount projects only when money is deposited in escrow. For hourly, it is weekly client approval. No further work till approval.
No pay no work. Has worked fine for me.
by gotester2000
Sat Oct 06, 2018 1:50 am
Forum: Personal Finance (Not Investing)
Topic: Sellers remorse - selling business
Replies: 44
Views: 4821

Re: Sellers remorse - selling business

You can sell and pocket the money and start the next episode after 2 years...everybody happy.
by gotester2000
Wed Oct 03, 2018 10:52 am
Forum: Personal Consumer Issues
Topic: New Apartment, city noise
Replies: 43
Views: 3333

Re: New Apartment, city noise

I have stayed in cities most of my life and used to many types of noise. They dont bother me nor the people.
I like country life once a while on vacation.
I find it difficult to live in absolute quiet and with no people around.
If you pay attention to it, it will bother you more.
by gotester2000
Wed Oct 03, 2018 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Yet Another "Can I Retire Yet" Thread
Replies: 40
Views: 4842

Re: Yet Another "Can I Retire Yet" Thread

$3.4M with no dependents - you can easily retire. Looks like a typical software guy story(refering to doing this for 20 years,no network,no hobbies outside work.)
Find work that you would enjoy doing.
by gotester2000
Tue Oct 02, 2018 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Why is Home Part of NW [Net Worth]
Replies: 98
Views: 6823

Re: Why is Home Part of NW [Net Worth]

Heh, what I did after reading countless threads on this topic is to simply take the value of my home equity and cut it in half for financial planning purposes. How is that for compromise? I do this, except my rule is 30% over entire net worth. This is a buffer of 30% for mitigating unknown unknown ...
by gotester2000
Tue Oct 02, 2018 6:01 am
Forum: Personal Finance (Not Investing)
Topic: Why is Home Part of NW [Net Worth]
Replies: 98
Views: 6823

Re: Why is Home Part of NW [Net Worth]

Heh, what I did after reading countless threads on this topic is to simply take the value of my home equity and cut it in half for financial planning purposes. How is that for compromise? I do this, except my rule is 30% over entire net worth. This is a buffer of 30% for mitigating unknown unknown ...
by gotester2000
Tue Oct 02, 2018 12:05 am
Forum: Investing - Help with Personal Investments
Topic: Beginner. Want to get mega-rich. Help with portfolio, tips, etc.
Replies: 87
Views: 8566

Re: Beginner. Want to get mega-rich. Help with portfolio, tips, etc.

Here is one idea: Put 1k each in 10 different stocks of fundamentally strong companies in different sectors and forget it for 40 years(Age 25-65). Probability is 4 will go bankrupt, 3 will give nominal returns, 2 will do good and 1 will be a multibagger. If your 1k grows 1000 times in this stock tha...
by gotester2000
Mon Oct 01, 2018 11:55 pm
Forum: Investing - Help with Personal Investments
Topic: My biggest mistake - market timing
Replies: 62
Views: 9139

Re: My biggest mistake - market timing

OP,

Invest in a total stock and total bond portfolio per your asset allocation starting today.
You have to learn a very difficult art - the art of forgetting. Forget you have a notional loss of 40% and start afresh.
And if your husband cannot handle volatility then do not invest in stocks.
by gotester2000
Mon Oct 01, 2018 1:36 pm
Forum: Investing - Help with Personal Investments
Topic: New immigrant with complicated situation
Replies: 24
Views: 2749

Re: New immigrant with complicated situation

Sorry about your situation. Why do you not shift to a LCOL and rent ? You can get an insurance in the open market. I am pondering - Why would you immigrate at retirement age leaving your country where you have been so successful? You could have lived a life of a very wealthy man. 1.5M may not be eno...
by gotester2000
Mon Oct 01, 2018 3:46 am
Forum: Personal Finance (Not Investing)
Topic: Why is Home Part of NW [Net Worth]
Replies: 98
Views: 6823

Re: Why is Home Part of NW [Net Worth]

You can downsize, move to an LCOL, reverse mortgage or move to an old age home. Home equity should be part of your networth. Any capital asset depends on its market value at the time of selling;so counting stocks but omitting real estate is wrong. You will tap all your sources based on your need, wh...
by gotester2000
Sun Sep 30, 2018 2:43 am
Forum: Personal Consumer Issues
Topic: What should you do if you have to use Facebook?
Replies: 22
Views: 2535

Re: What should you do if you have to use Facebook?

Create virtual accounts if you need to use it.
If you want to create real account, keep your personal information to a minimum.
This applies to almost everything you do online. Follow this and you do not have to worry at all.
by gotester2000
Thu Sep 27, 2018 7:27 am
Forum: Investing - Theory, News & General
Topic: Why don't I read about this strategy more? It seems reasonable and pretty straight forward.
Replies: 68
Views: 8618

Re: Why don't I read about this strategy more? It seems to beat everything else

The strategy is right - but you need patience to use it year on year - i.e. keep on watching the market every day. Maybe you can write a script that tells the entry point and exit point and automate it or buy a commercial software that does it. The other way is invest normally and add more when inde...
by gotester2000
Wed Sep 26, 2018 2:34 am
Forum: Personal Finance (Not Investing)
Topic: How to pay for upcoming medical / IVF expenses
Replies: 73
Views: 4776

Re: How to pay for upcoming medical / IVF expenses

denovo, I think you do not understand the emotions of a couple who want their own child and are finding it difficult to conceive. Financial calculations are secondary to that need and they can adapt to that later. The couple is in early 30s - so the IVF chances are good. They will decline every year...
by gotester2000
Tue Sep 25, 2018 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to get $100k cash
Replies: 86
Views: 7733

Re: Best way to get $100k cash

OP,

Will it be better to keep on swapping the 100k cash advance @ 0% year on year?
by gotester2000
Tue Sep 25, 2018 10:04 am
Forum: Personal Consumer Issues
Topic: Ripped off by a locksmith
Replies: 75
Views: 5763

Re: Ripped off by a locksmith

OP,

What rip off? You had an emergency at 10 pm and the guy helped resolve it.

Just because it was a 30 second job does it mean it was easy? Thats a ridiculous conclusion.
by gotester2000
Tue Sep 25, 2018 2:05 am
Forum: Personal Consumer Issues
Topic: Losing Passion for Hobbies. Cheap or normal aging?
Replies: 71
Views: 9048

Re: Losing Passion for Hobbies. Cheap or normal aging?

Normal aging. Try doing activities that you used to enjoy 10 years earlier and chances are you do not like them now.
By age 35, you understand your life cycle and start focusing your efforts on the things that really matter to you.
by gotester2000
Sun Sep 23, 2018 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in the Rare Opportunity
Replies: 59
Views: 4584

Re: Investing in the Rare Opportunity

If you are Johnny, take the 1 million today. Bird in hand is worth two in the bush.
Corporate promises - hohoho 😄.
by gotester2000
Sun Sep 23, 2018 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay for upcoming medical / IVF expenses
Replies: 73
Views: 4776

Re: How to pay for upcoming medical / IVF expenses

If you have a slightest chance of having own biological children you should take it as they are the greatest joy of life(at least till they grow up). It doesnt matter if you dont contribute to retirement for some time. Be prepared to spend at least double of 20k. IVF is a 50:50 chance at your age wh...
by gotester2000
Sun Sep 23, 2018 8:38 am
Forum: Investing - Theory, News & General
Topic: How do you define your success in our life, career and job?
Replies: 25
Views: 1852

Re: How do you define your success in our life, career and job?

Being able to live in the moment throughout life as I have control only on my actions and not results.
by gotester2000
Sat Sep 22, 2018 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: Trustee for sixty something sister
Replies: 22
Views: 2185

Re: Trustee for sixty something sister

I would have looked at an annuity for her and not continue the pain of being responsible for a long period of her life. I am currently in as well as witnessed a few such situations. I think you should care for a child, an extremely old person or an invalid - for any other adult, taking his responsib...
by gotester2000
Fri Sep 21, 2018 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Hubby soon to be laid off
Replies: 74
Views: 7847

Re: Hubby soon to be laid off

I dont see any issue to panic. You both are 65 or about that age with a house and more than 1 million $. I think you both should retire, if not at least the husband.
by gotester2000
Fri Sep 21, 2018 10:10 am
Forum: Personal Consumer Issues
Topic: Don't trust Tripadvisor reviews
Replies: 64
Views: 7018

Re: Don't trust Tripadvisor reviews

Not sure when people will realize this but most reviews online are fake. It’s a huge business, especially on Amazon. Go look at a site like Trustpilot, businesses pay them to contact their “customers” to solicit positive reviews. Companies end up competing in ranking wars just like SEO wars. Whatev...
by gotester2000
Wed Sep 19, 2018 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Can I really retire? Please check my math and poke holes.
Replies: 48
Views: 5860

Re: Can I really retire? Please check my math and poke holes.

You are projecting abt 57k fixed income at age 70. Between 62-70 you need about 500k.
700k will grow close to a million in 8 years. If you still want an annuity you will get a better rate.
by gotester2000
Tue Sep 18, 2018 11:03 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 293
Views: 25486

Re: What is your single most expensive mistake?

I consider wasting my efforts a bigger mistake than losing money.
My most expensive mistake - Trying to live my life based on other people's opinions and getting their acceptance, instead of going by my gut, accepting and being myself - I could have avoided all that pain for so much time.
by gotester2000
Tue Sep 18, 2018 10:35 pm
Forum: Personal Consumer Issues
Topic: State Farm nickel-and-diming me
Replies: 61
Views: 5520

Re: State Farm nickel-and-diming me

If you want perfection then pay $135. I dont think the insurance company should pay for prior wear and tear and everyday use.
By the way, why are you convinced that whatever bodyshop says is right? They will try to upsell.
by gotester2000
Mon Sep 17, 2018 9:33 pm
Forum: Personal Consumer Issues
Topic: How to tell when a Mango is ripe?
Replies: 19
Views: 1282

Re: How to tell when a Mango is ripe?

By smell and touch. Ripe ones give an unmistaken aroma and are little softer. Keep it in a jar of rice/wheat or a gunny bag at normal temperature to ripen in one/two days. You may have bought one meant for pickling purpose. Mangoes are great to eat, but difficult to digest/have lot of sugar content,...
by gotester2000
Mon Sep 17, 2018 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Add room to current house or buy new house?
Replies: 93
Views: 4871

Re: Dilemma: Add room to current house or buy new house?

Even though the house is pretty large (>6000sqft) including unfinished basement, my spouse always thought or felt it was a bit too small.... What do you suggest is the best course of action? Family counseling. That is not meant to be snarky but if 6000 square feet is not big enough then there is so...
by gotester2000
Mon Sep 17, 2018 4:57 am
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Fiancee
Replies: 108
Views: 10421

Re: Massive Student Loan Debt - Fiancee

OP,

I am concerned why you are limiting yourself to not making more money at your age?
As for the fiancee, I dont see the debt as massive. If you keep finances separate then why marry at all? Just get a roommate.
by gotester2000
Mon Sep 17, 2018 1:03 am
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 154
Views: 12220

Re: Considering Quitting Job - Seeking Advice. Would you do it?

OP, You should take another job with normal working hours. You have enough to leave this job today. Keeping more money for the kids is not going to help them(if that is the real reason - I suspect it is also greed to make more money) - the best way you could help them is to assist in developing the ...
by gotester2000
Sun Sep 16, 2018 4:11 am
Forum: Personal Consumer Issues
Topic: How to start a website?
Replies: 12
Views: 1321

Re: How to start a website?

Hosting+Domain+Wordpress = easy part The difficult part is the content/niche or product/service you can offer. If you have identified that, then the next step is driving traffic to your website. Once you have traffic, register for Adsense etc to monetize it. This is not a side hustle, like landlordi...