Search found 23 matches

by JakeyLee
Tue Jul 02, 2019 10:14 pm
Forum: Investing - Theory, News & General
Topic: Good times: 2008 vs Now
Replies: 145
Views: 14470

Re: Good times: 2008 vs Now

I'm 48. I've been investing since I was 22. Like many here, reading and studying all things markers and economy has always been a fruitful hobby. I experienced '01, so I sort of understood first hand the gyrations in the economy and markets. So 2008 was an experience that displayed my character... I...
by JakeyLee
Mon Jul 01, 2019 11:48 pm
Forum: Investing - Theory, News & General
Topic: So the year is officially half over
Replies: 32
Views: 3291

Re: So the year is officially half over

Good question. Thanks for asking. I started full tilt in 1989, so I've seen three markets/time frames that have spooked me.. Now I feel really good. Not because we are at record highs. No, I feel good that all that work has positioned me to with stand another worst case scenario black swan type even...
by JakeyLee
Wed Jun 12, 2019 10:30 am
Forum: Personal Consumer Issues
Topic: Tips for new pet owner [puppy]
Replies: 71
Views: 4014

Re: Tips for new pet owner

Best tip I can ever provide when it comes to puppies: invest in good training. No, don't send the pooch away. Instead sign up for a good class (most box pet stores have provide access), take the pooch and work with them. If your lucky, there will be other dog owners with different breeds in said cla...
by JakeyLee
Sun Mar 17, 2019 10:49 pm
Forum: Investing - Theory, News & General
Topic: Time to Scrap 'Emerging Markets'? WSJ article
Replies: 38
Views: 5098

Re: Time to Scrap 'Emerging Markets'? WSJ article

I usually hate smart Aleck comments as much as the next guy... But if everyone is scrappin' em', maybe I can finally start buying em'!! Just a random semi-serious thought. The only thing that's clear to me in my 29 years of participating in the market: most of my real gains are the result of the two...
by JakeyLee
Sun Feb 17, 2019 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: If your net worth is over $3 million, how did you do it?
Replies: 404
Views: 101886

Re: If your net worth is over $3 million, how did you do it?

Okay, I will take a shot at this. Although, please note I'm over two thirds of the way there, but my new bride's assets technically get me to the number at hand. 1. Went to a cheap state school that I cash flowed. 2. I haven't had a credit card, much less credit card debt, since I was 22. 3. Avoided...
by JakeyLee
Sun Feb 17, 2019 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: If your net worth is over $3 million, how did you do it?
Replies: 404
Views: 101886

Re: If your networth is over $3 million, how did you do it?

Not there yet, but here's a couple of ways you could get there: 1) Hit the lottery 2) Had the dumb luck to have majored in some obscure specialty that is suddenly in demand and people will pay anything to have your expertise 3) Married like-minded individual 4) Scrimped and saved, and scrimped and ...
by JakeyLee
Sat Jan 19, 2019 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: How much money did you receive from family? (Gifts/inheritance)
Replies: 127
Views: 14414

Re: How much money did you receive from family? (Gifts/inheritance)

$0 as of time of this post. However, I had a chance to help my father (mid 70's) go over his retirement accounts this past year, upon his request. The large sum of money and accompanied trust surprisingly left my very uneasy. I can't explain it. After 25 years of planning and grinding for a healthy...
by JakeyLee
Sat Jan 19, 2019 11:57 am
Forum: Personal Finance (Not Investing)
Topic: How much money did you receive from family? (Gifts/inheritance)
Replies: 127
Views: 14414

Re: How much money did you receive from family? (Gifts/inheritance)

$0 as of time of this post. However, I had a chance to help my father (mid 70's) go over his retirement accounts this past year, upon his request. The large sum of money and accompanied trust surprisingly left my very uneasy. I can't explain it. After 25 years of planning and grinding for a healthy ...
by JakeyLee
Mon Jan 14, 2019 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: 457 vs 403b
Replies: 120
Views: 7934

Re: 457 vs 403b

My 403b, like many, has an option to withdraw at 55 without a 10% penalty. This is nowhere near as advantageous as the 457 rules on withdrawals, but it's something to consider. I will likely start filling both (457 and 403b). However, for some strange reason my options in the 457 are very limited. I...
by JakeyLee
Wed Sep 05, 2018 12:17 am
Forum: Personal Investments
Topic: Does a 529 plan even make sense given the fees?
Replies: 5
Views: 578

Re: Does a 529 plan even make sense given the fees?

Most state 529 plans have fairly low costs these days.I think it’s very unlikely a taxable account would beat your average 529 plan, especially since many of them come with state tax deductions. This is the winning answer. However, A great rule of thumb I've learned here... No need to start such an...
by JakeyLee
Thu Aug 02, 2018 11:46 pm
Forum: Investing - Theory, News & General
Topic: Will dividend spending only portfolio last forever ?
Replies: 90
Views: 6560

Re: Will dividend spending only portfolio last forever ?

Meh, what the heck, I will answer this by going out on a very short sturdy limb. Will it last forever? More than your (or anyone here) lifetime. The real question you're asking is: will a 1.8- 2% percent safe withdraw rate last forever ? There is NO model that says it won't last less than 100 years....
by JakeyLee
Wed Aug 01, 2018 4:58 pm
Forum: Personal Investments
Topic: Net worth of $3.7M at age 47 - can I retire?
Replies: 135
Views: 19699

Re: Net worth of $3.7M at age 47 - can I retire?

"Question for the bond fans - why go heavy on bonds if you can earn 2.35% on short-term CDs? " I love this question. It makes me ask more questions. So I have one myself: Why buy a bond or a CD when he can get over a 4% return paying off that house? Put the rest in the market.. keep investing DW's e...
by JakeyLee
Tue Jul 31, 2018 9:59 am
Forum: Personal Finance (Not Investing)
Topic: 403b or 457
Replies: 6
Views: 606

Re: 403b or 457

On the surface the 457 seems like the gold standard. But as mentioned on many older threads, they can also be a nightmare. I believe it's mostly the non government 457's (I will search for some links). Having said that, I've been very satisfied with my 403b over the years. Also, rarely mentioned, mo...
by JakeyLee
Thu Jul 26, 2018 10:13 pm
Forum: Investing - Theory, News & General
Topic: Facebook stock in freefall! (20% drop in 1-day)
Replies: 120
Views: 11685

Re: Facebook stock in freefall! (20% drop in 1-day)

Wow!! We haven't seen this kind of cheap buying opportunity for Facebook since.. May?? Ha! I love a bunch of index investment guys passing out wisdom for individual stocks. I dunno... Another 20% and maybe I will jump into the fray. Okay, probably not... Now lets get back to arguing about the merits...
by JakeyLee
Sat Jul 14, 2018 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Pay to be in school district or move?
Replies: 20
Views: 1263

Re: Pay to be in school district or move?

Food for thought: studies have consistently shown that moving a child from a "poor/low rated" school district to high rated school district had little to no effect on student achievement, test scores, or outcomes of said student. Students in "high rated" school districts have one thing in common... ...
by JakeyLee
Thu Jul 05, 2018 1:09 pm
Forum: Personal Investments
Topic: Right decision ?
Replies: 20
Views: 2683

Re: Right decision ?

Don't use borrowed money to invest. So don't use the credit line to fund investing in the stock market, or the bond market, or CDs. I sure don't agree with that. Most of the past 20 years I have had a mortgage and invested rather than paying that down. Yeah, that's a good point that many of us can ...
by JakeyLee
Fri Jun 15, 2018 9:45 am
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 152
Views: 13526

Re: Which boglehead rule do you break--and are ok with

Oh boy... This thread was made for me. Where do I start? I've never had an international fund/stock. I've never owned a bond. 100% S&P 500. However, sometime ago I decided I would allocate what would have been a bond allocation, and pay off a 5% mortgage. The garunteed returns seemed like a no brain...
by JakeyLee
Mon Jun 11, 2018 4:18 pm
Forum: Personal Investments
Topic: How to convince my co-worker to invest more?
Replies: 47
Views: 3814

Re: How to convince my co-worker to invest more?

I have become the "go to guy" at work with the younger employees in regards to 401k, retirement, etc.. I NEVER push. I provide the different options, on-line calculators, and general access to resources. I have found throughout the years that pointing out the tax savings angle has the most successfu...
by JakeyLee
Fri Jun 08, 2018 10:16 am
Forum: Personal Investments
Topic: Dividend Buffer
Replies: 24
Views: 2583

Re: Dividend Buffer

I can't answer your "margin of safety" question, as it's a subjective question based on countless factors that varies from person to person. But "living off dividends"? I always thought this was another way of saying you've decided on a 2% withdraw rate. No need to over complicate the question. The ...
by JakeyLee
Sat Jun 02, 2018 11:18 am
Forum: Personal Finance (Not Investing)
Topic: 125K Spend - Would you do this ?
Replies: 53
Views: 5609

Re: 125K Spend - Would you do this ?

So sorry to hear of your chronic pain. Might I offer a easy solution that has seemed to save many couples? Invest in a hight end bed. It doesn't matter what the materials/style is per se (memory foam, spring, air, etc.)... No, what you want is a large bed that is technically two mattresses. They pus...
by JakeyLee
Wed May 23, 2018 5:05 pm
Forum: Personal Investments
Topic: Newly widowed, how do I invest 1.5 million life ins. proceeds
Replies: 72
Views: 9051

Re: Newly widowed, how do I invest 1.5 million life ins. proceeds

I'm so sorry for your loss. You have received a lot of great advice on this thread. A 3% withdraw rate should put you in a safe enough position that you could modify during most downturns. I will echo what a few have already stated: Focus and examine your expenses. This will be the key to your succe...
by JakeyLee
Sun Jan 07, 2018 12:35 pm
Forum: Personal Investments
Topic: An economist dismisses the idea of dollar cost averaging
Replies: 71
Views: 6616

Re: An economist dismisses the idea of dollar cost averaging

I read the book, and would recommend to folks who like all perspectives of finance, investing, etc.. On the surface I believe we all agree that lump sum investing makes more sense. Back testing seems to "prove" such a theory. However, most Americans begin their investment journey with their 401ks. T...
by JakeyLee
Sun Dec 31, 2017 11:54 am
Forum: Personal Investments
Topic: Can I afford a $600-650k house?
Replies: 60
Views: 8592

Re: Can I afford a $600-650k house?

After lurking for over two years, you've asked a question that has finally made me join this wonderful club... I started my investment/Boglehead experience at your age (26), so your current state of affairs resonates with me... Stay in that condo! Max out your pre-tax savings (you and your future wi...