Search found 605 matches

by gotester2000
Fri Jan 18, 2019 6:27 am
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford (really)?
Replies: 129
Views: 6865

Re: How much house can I afford (really)?

There are some great suggestions for the OP in this thread. The problem, almost unanimously recognized is the $162k of expenses that has made the OP a UAW as per the definition in The Millionaire Next Door. To sustain these expenses, and the associated high income level for the next 25+ years seems ...
by gotester2000
Mon Dec 31, 2018 2:45 am
Forum: Investing - Help with Personal Investments
Topic: Am I retirement ready?
Replies: 51
Views: 4887

Re: Am I retirement ready?

It looks like you are earning serious money only for the last few years. If you are enjoying it why do you want to retire early? Find a solution to the travel problem.
You can absolutely retire today - Enjoyable work will not kill, idle retirement will.
by gotester2000
Sun Dec 23, 2018 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Rent or buy home - your opinion
Replies: 15
Views: 1762

Re: Rent or buy home - your opinion

Buy the house of such size that you dont have to move if you have a couple of kids.

Try to save 30% of gross salary.

Time does not come back, money can.
by gotester2000
Sun Dec 23, 2018 1:47 am
Forum: Personal Finance (Not Investing)
Topic: Involuntary retirement - stories and strategies?
Replies: 32
Views: 3599

Re: Involuntary retirement - stories and strategies?

Very few manage to survive a lifetime in MegaCorp. It is easy to say but highly difficult to keep yourself updated after a certain age as you have dual responsibility of family and work; whereas you could be easily replaced by young people who will work at half or one third of your salary. Two point...
by gotester2000
Sat Dec 22, 2018 1:47 am
Forum: Personal Consumer Issues
Topic: Email Accounts - How Many / Security / Best Practices
Replies: 46
Views: 3469

Re: Email Accounts - How Many / Security / Best Practices

2 - one normal, one for spam. Delete all emails from inbox periodically. Best security practice is to reduce your digital footprint - minimize data storage.
by gotester2000
Fri Dec 21, 2018 11:32 pm
Forum: Investing - Help with Personal Investments
Topic: Little Lost
Replies: 14
Views: 1445

Re: Little Lost

At this rate you will blow out the money in 5 years. Majority of the problem is you are taking out too much - you can take out only 50k/yr on 1.4M so that the principal value does not diminish each year. You can switch/drop the advisor - but that is not the real problem - you are! Feel bad about thi...
by gotester2000
Fri Dec 21, 2018 2:31 am
Forum: Personal Finance (Not Investing)
Topic: Buying vs renting - can I afford either?
Replies: 30
Views: 2260

Re: Buying vs renting - can I afford either?

You can afford to neither buy nor rent.
Work till 70,then take SS - perhaps look for work that provides lodging and boarding?
You need to find something that motivates you to get out of the house - go for counselling.
by gotester2000
Fri Dec 21, 2018 2:09 am
Forum: Personal Finance (Not Investing)
Topic: Layoff planning
Replies: 11
Views: 1882

Re: Layoff planning

If you are attached to the vacation home then you should probably wait for a year to figure out how DH's new job prospects work out before paying off any mortgages which look cheap.
You didnt mention expenses but the HELOC is a red flag to me,particularly when the DH is highly salaried.
by gotester2000
Thu Dec 20, 2018 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Layoff planning
Replies: 11
Views: 1882

Re: Layoff planning

What is the purpose of the second residence? If you sell it, will it clear all your debts and provide for college? 2.4M and a paid off house is a comfortable position then.
by gotester2000
Sun Dec 16, 2018 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire
Replies: 126
Views: 10119

Re: Can I retire

You can retire now if you can live on 80k per year. To spend 150k/yr you need abt 5 million. Where's this math coming from. A 54 yr old with a 2.5m portfolio with a 60/40 stock/bond asset allocation can withdraw about 4.5% according to the forum wiki VPW chart. https://www.bogleheads.org/wiki/Varia...
by gotester2000
Sun Dec 16, 2018 7:10 am
Forum: Personal Consumer Issues
Topic: Annoyingly Expensive HP Ink Cartridges
Replies: 34
Views: 2602

Re: Annoyingly Expensive HP Ink Cartridges

Has nobody tried refilling - a syringe and ink is all you need!
by gotester2000
Sat Dec 15, 2018 1:21 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire
Replies: 126
Views: 10119

Re: Can I retire

You can retire now if you can live on 80k per year.
To spend 150k/yr you need abt 5 million.
by gotester2000
Fri Dec 14, 2018 10:47 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring next year, would appreciate some advice
Replies: 30
Views: 2973

Re: Retiring next year, would appreciate some advice

1. Take the annuity with wife as survivor - put this amount in index funds + bonds. 2. Sell the 401k company stock - either fully or partly every year - Use it to fund your monthly expenses. 3. Delay SS till 70. Diversify - The risk you have is all your money is concentrated in a single company incl...
by gotester2000
Thu Dec 06, 2018 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Unemployed, questions about personal investing situation.
Replies: 13
Views: 1427

Re: Unemployed, questions about personal investing situation.

Congradulations on your success. To be able to self-fund your education in advance is a high achievement. However future potential employers and business associates may be somewhat suspicious of a multi-year gap in employment even if it is due to education. If they learn that you were self-funded i...
by gotester2000
Wed Dec 05, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Reuqesting Help With Managing of Winnings
Replies: 37
Views: 3755

Re: Reuqesting Help With Managing of Winnings

Surprised people are letting OP go on leaving $45k in a gambling account. (125-80). There’s such a thing as play money but $45k at risk would be high for me (equivalent to my cash EF) Know when to fold ‘em I've come close to commenting about it many times in this thread. A few have. I doubt someone...
by gotester2000
Mon Dec 03, 2018 5:11 am
Forum: Personal Consumer Issues
Topic: Retired in your late 40s or early 50s?
Replies: 87
Views: 14388

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

Smoke wrote:
Sun Dec 02, 2018 7:28 pm

No plans, I am an expert at doing nothing, or rather what main stream society thinks is nothing.

:sharebeer
:sharebeer In my work life I found many experts at doing nothing - most of them were layers above me!
by gotester2000
Sat Nov 17, 2018 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: New job concerns
Replies: 52
Views: 5512

Re: New job concerns

OP, If I were the manager I will not consider this favourably. As an employee you should be flexible. Option 1. You did not get your timings approved before accepting the offer. Your long commute means zero to the company. Move near work to solve this problem. Option 2. Look for a new job; dont worr...
by gotester2000
Sat Nov 17, 2018 4:20 am
Forum: Personal Consumer Issues
Topic: Foreign Currency
Replies: 24
Views: 1058

Re: Foreign Currency

I think he can use a US account with an international debit card and also carry some yen for initial setup overseas. Once he has a local account in Japan, for any recurring deposits that need USD to YEN transfers, use cheap payment providers like Transferwise. The conversion is at mid-market rates -...
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: 4844

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: 5396

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: 5396

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: 5396

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: 5396

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: 1641

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: 1210

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: 6123

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: 4169

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: 5437

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: 2325

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: 2325

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: 2632

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: 1712

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: 11350

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: 4818

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: 7923

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: 2189

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: 4818

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: 1324

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: 2359

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: 4928

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: 3391

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: 4937

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: 6925

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: 6925

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: 8693

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: 9774

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: 2801

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: 6925

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: 2562

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? [12-month moving average, momentum]
Replies: 110
Views: 14858

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...