Search found 146 matches

by JakeyLee
Tue Jun 02, 2020 8:41 am
Forum: Investing - Theory, News & General
Topic: 100% Equity Investors: What are you holding?
Replies: 30
Views: 2771

Re: 100% Equity Investors: What are you holding?

Good old fashioned S&P 500. Sometimes I beat total market. Sometimes I don't.
by JakeyLee
Wed May 27, 2020 10:20 am
Forum: Investing - Theory, News & General
Topic: “WHEN YOU'VE WON the game, stop playing with the money you really need.”
Replies: 233
Views: 19455

Re: “WHEN YOU'VE WON the game, stop playing with the money you really need.”

I've recently come to grips with the notion that "I've won the game". Though I don't really feel all that victorious. I've got some of the same concerns as OP. my solution is transitioning 50% of my tax deferred portfolio to Wellesly. I will keep the other half in the total market/S&P. Feels a littl...
by JakeyLee
Sun May 17, 2020 9:13 pm
Forum: Personal Investments
Topic: Retiring fairly young with a govt pension and trying to put together a plan
Replies: 37
Views: 4764

Re: Retiring fairly young with a govt pension and trying to put together a plan

OP, I'm going to guess that you are a public safety employee . Congrats on getting close to that finish line. I had/have very similar thoughts as you. I would take this time to knock out needless debt before you pull that trigger. I'm assuming your pension will cover your living expenses. Maybe now ...
by JakeyLee
Thu May 14, 2020 4:24 pm
Forum: Investing - Theory, News & General
Topic: Fixed Income lessons learned from Coronavirus?
Replies: 48
Views: 4358

Re: Fixed Income lessons learned from Coronavirus?

I haven't changed my allocations since or after. However, I am not as bothered by my conservative 1.5 years in expenses I hold in "cash". I've been able to make two decent post tax purchases (per my IPS) with a chunk of that "fixed income", and still have a decent/sizable cash balance to keep me fro...
by JakeyLee
Sat May 02, 2020 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Credit Score Dropping 2020
Replies: 17
Views: 2501

Re: Credit Score Dropping 2020

Mine has been dropping steadily for the last few years. No longer making mortgage payment (paid off), no debts or credit cards, might be the root cause for me. It honestly freaked me about a bit in the beginning. Now I'm at the point where I'd like to see if I can get it to zero :sharebeer
by JakeyLee
Sat May 02, 2020 9:44 am
Forum: Investing - Theory, News & General
Topic: Your Favorite Vanguard Fund
Replies: 93
Views: 14762

Re: Your Favorite Vanguard Fund

Lifelong exclusive member of the SP 500 (VFINX). But my favorite for some odd reason is Wellesely. I don't own any yet. But just thinking out loud. If i could only own one fund in retirement, i just may go 100% Wellesely. This is loosely based on hopefully still having "I've won the game money", and...
by JakeyLee
Tue Apr 28, 2020 11:27 pm
Forum: Investing - Theory, News & General
Topic: What is the worst investing emotion and how does one avoid it?
Replies: 27
Views: 1540

Re: What is the worst investing emotion and how does one avoid it?

The worst emotion... Such a great question. The worst emotion (for me) is thinking we somehow have any idea about our fate. I call it the "I can can controll my universe" emotion. You know what I'm talking about. We've been trained our whole lives to tap into our feelings, and then extrapolate what ...
by JakeyLee
Mon Apr 27, 2020 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: How do you explain no COVID19 Stimulus Payment?
Replies: 89
Views: 7446

Re: How do you explain no COVID19 Stimulus Payment?

I know this sounds a bit rude, but it's come up in the last week. I say, " no check for me, I hope you got yours". I don't and haven't yet had to explain my response. But I'm getting to the point in my life where honesty is the best policy. It's so darn freeing! What are we really afraid of here?? I...
by JakeyLee
Mon Apr 27, 2020 9:43 am
Forum: Investing - Theory, News & General
Topic: Why do investors have a hard time doing nothing?
Replies: 53
Views: 3980

Re: Why do investors have a hard time doing nothing?

Investing does not build character... But it certainly reveals one's character. I've never deviated from my IPS before, during, or after bear markets (or bulls for that matter). Oh I've tried to find a reason to. Mountains of research, study, books, and forums. I have searched high and low. It turns...
by JakeyLee
Wed Apr 22, 2020 1:09 pm
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 477
Views: 61505

Re: What lifestyle creep made you happier?

Eating out 3/4 times a week. Even w Covid-19, we are picking up from restaurants 3/4 times a week. I too, am proudly "that guy". I was lucky. I had an existential crises before I turned 30. I discovered that all the "things" were not making me happy. I stopped buying toys. I started focusing on my ...
by JakeyLee
Wed Apr 22, 2020 9:54 am
Forum: Investing - Theory, News & General
Topic: Head Fakes and Dead Cats .. your thoughts on the rally?
Replies: 386
Views: 32768

Re: Head Fakes and Dead Cats .. your thoughts on the rally?

Government is fighting back the bear this morning.... It certainly looks that way; no doubt. We got leaders from both sides of the aisle in congress falling over each other.. Trying to find the best and fastest way to prop up/save this economy. You've got to love an election year, right? I wonder h...
by JakeyLee
Mon Apr 20, 2020 10:41 am
Forum: Investing - Theory, News & General
Topic: 60% now say: September or later
Replies: 13
Views: 2236

Re: 60% now say: September or later

I truthfully don't know how anyone could answer June or July to that. There's just no fathomable way life will be normal by then. Who's going to go to a movie, concert, or busy restaurant in July? Is there ANY chance baseball games are happening with fans in seats? None of that has to do with legal...
by JakeyLee
Mon Apr 20, 2020 10:15 am
Forum: Investing - Theory, News & General
Topic: Are you comfortable with your emergency fund arrangements?
Replies: 44
Views: 3558

Re: Are you comfortable with your emergency fund arrangements?

I'm comfortable, but stopped calling it my EF long ago. It is simply my cash position. Per my IPS it typically hover around 1.5 years of living expenses, and sits peacefully in vangaurd money market. Every January I "try" and project possible hidden projects or other infrequent expenses that might p...
by JakeyLee
Sun Apr 19, 2020 2:36 pm
Forum: Personal Investments
Topic: I'm out [of the market]
Replies: 109
Views: 12073

Re: I'm out [of the market]

My father at a about the same age, and similiar nest egg, had the same "revelation" as OP in 2018. After the smoke cleared (and he calmed down a bit), he moved his 80-20 portfolio to Wellesley. I believe he's around 30% equities with the fund. He's been fairly content ever since. Something to consid...
by JakeyLee
Fri Apr 17, 2020 11:54 am
Forum: Investing - Theory, News & General
Topic: My theory about FIRE
Replies: 419
Views: 31356

Re: My theory about FIRE

https://live.staticflickr.com/65535/45330604405_862fd1f0de_w.jpg My wife is a teacher in IL, she does not pay into or get SS. It must be different in different states. It's the same here in California. This goes for law enforcement as well. I haven't paid into Social Security in over 25 years. I al...
by JakeyLee
Thu Apr 16, 2020 3:53 pm
Forum: Investing - Theory, News & General
Topic: Retirees: what are you doing with all the home equity?
Replies: 117
Views: 7650

Re: Retirees: what are you doing with all the home equity?

I've owned my home outright for a few years now. I'm really surprised how much I enjoy it. This is the first bear market I haven't lost sleep over. I'm still going to retire in January. I'm not sure I will have to sell equities for quite a while. If someone told me that 5-10 years ago, I would not b...
by JakeyLee
Tue Apr 14, 2020 8:45 am
Forum: Personal Consumer Issues
Topic: Flying in September, think it will be safe?
Replies: 73
Views: 4361

Re: Flying in September, think it will be safe?

I just got back from a fight a few days ago. There were seven of us on the plane that left San Francisco. Safest I've felt on a plane in years.
by JakeyLee
Sat Apr 11, 2020 11:03 am
Forum: Personal Finance (Not Investing)
Topic: How often do you login and review your investment accounts?
Replies: 68
Views: 2602

Re: How often do you login and review your investment accounts?

I log on once a month to make sure my funds arrived from employer to Vanguard. If they haven't posted, then I log on the next day to make sure they eventually arrive. It sounds OCD, but TW0 times in the last five years I've had to contact payroll about them "forgetting" to send the mail/check. :oops:
by JakeyLee
Fri Apr 10, 2020 10:07 am
Forum: Investing - Theory, News & General
Topic: How long after starting investing, did you start to be happy about the power of compounding?
Replies: 92
Views: 6319

Re: How long after starting investing, did you start to be happy about the power of compounding?

Never, really. Because I invest/save 10x at 49 than I did at 29. This, right here. When I started in the early '90 the IRA limit was only $2,000. And the 401k limit was south of $9k. By the time my savings/investing rate got ramped up in my early 30's, I got to experience a couple bear markets. As ...
by JakeyLee
Thu Apr 09, 2020 12:47 pm
Forum: Investing - Theory, News & General
Topic: If you have a sizable portfolio, you don't need an emergency fund
Replies: 140
Views: 10720

Re: If you have a sizable portfolio, you don't need an emergency fund

This is a great topic, and one near and dear to me. Some years ago I quit referring to my cash allocation as my emergency fund. Semantics aside, all money is fungible. I could argue (with myself) that the first 3-6 months of my cash allocation is the emergency portion. I'm just not sure it matters. ...
by JakeyLee
Thu Apr 09, 2020 12:17 pm
Forum: Personal Consumer Issues
Topic: Outside of stocks, what else is a screaming good deal now?
Replies: 66
Views: 7942

Re: Outside of stocks, what else is a screaming good deal now?

I just flew from San Francisco to Phoenix on Monday (return flight tomorrow) for $49 round trip. My flight out had 7 people on the plane. I person in front of me at TSA security. It was glorious.
by JakeyLee
Wed Apr 08, 2020 10:34 pm
Forum: Investing - Theory, News & General
Topic: Head Fakes and Dead Cats .. your thoughts on the rally?
Replies: 386
Views: 32768

Re: Head Fakes and Dead Cats .. your thoughts on the rally?

The movement of markets is an emotional reaction. Markets seem to move more on rumor than fact. Remembering back to “normal times” when the markets would move back and forth on the most insignificantly news. Now, we have one giant hurdle after another facing the markets and still the blind sentimen...
by JakeyLee
Wed Apr 08, 2020 1:34 pm
Forum: Personal Consumer Issues
Topic: Simplicity
Replies: 85
Views: 13052

Re: Simplicity

I've always described myself as a simple man. I sort of fell into a version of minimalism through the back door. I grew up in a very poor blue collar neighborhood. Neither parent had a high school diploma, but worked very hard to make sure we had a warm meal every night. We never really had "stuff"....
by JakeyLee
Wed Apr 08, 2020 10:18 am
Forum: Investing - Theory, News & General
Topic: What percentage of your paycheck do you invest?
Replies: 268
Views: 16691

Re: What percentage of your paycheck do you invest?

I've been holding steady at 1.25 years of expenses for going on three years (40% of gross?). It's a mental game for me. Every year I'm buying one year and three months of future freedom. Not counting market returns, or marker losses. Doh!! :oops:
by JakeyLee
Tue Apr 07, 2020 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: What have you learned from this situation that you will take action on?
Replies: 158
Views: 14839

Re: What have you learned from this situation that you will take action on?

From an ISP and investment side learned that having a plan has paid off. I learned that I don't have to be embarrassed about keeping my bigger that average cash allocation. Personally: I went through major health emergencies a couple years back. I survived a cancer that only a scarce amount of peopl...
by JakeyLee
Tue Apr 07, 2020 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Friendly States
Replies: 441
Views: 35213

Re: Retirement Friendly States

States with no state income taxes: Washington, Nevada, Texas, Wyoming, South Dakota, Florida and Alaska The problem with Texas is the high property taxes. My father (who lives in Texas) once told me, "no one owns a home in Texas.. You're just renting from the government". While this is true everywh...
by JakeyLee
Tue Apr 07, 2020 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Which of these two mortgages would you pick?
Replies: 3
Views: 352

Re: Which of these two mortgages would you pick?

I have never regretted putting "more" down on a house. Not once. That combined with a half point lower interest rate just might give you more flexibility should you have unforeseen events in your life. Something to think about. *Edit: I just realized that's not "half a point*. Meh, I'd still lean to...
by JakeyLee
Sun Apr 05, 2020 12:30 pm
Forum: Personal Investments
Topic: $500K - What would you do given my situation?
Replies: 12
Views: 1203

Re: $500K - What would you do given my situation?

I will leave the technical stuff to the folks that are much smarter than me.. But a mortgage of 4.25%, yeah... I'd pay that off. If your employment isn't rock solid stable right now (who's really is, right?) I would just eliminate that expense going forward. You'd get approximately 7-8k in return yo...
by JakeyLee
Sun Apr 05, 2020 11:19 am
Forum: Personal Investments
Topic: Do You Use Vanguard AND Fidelity?
Replies: 26
Views: 1704

Re: Do You Use Vanguard AND Fidelity?

I used both simultaneously for many years. My after tax was in Fido and my pre-tax was in Vanguard. I moved everything over to Vanguard in 2015. I just like to see and manage everything on one screen/ one site.
by JakeyLee
Sun Apr 05, 2020 11:13 am
Forum: Personal Consumer Issues
Topic: What will you do first, once COVID pandemic is over?
Replies: 271
Views: 17661

Re: What will you do first, once COVID pandemic is over?

Go back to the gym for biking and lifting. Now I am running outside I can't wait to get back to the gym. No access to the gym may be literally killing some of us. Until then, I continue to rack up miles on my feet. I can't believe how many neighbors I've met while out on my daily walk. They're prob...
by JakeyLee
Sat Apr 04, 2020 1:51 pm
Forum: Investing - Theory, News & General
Topic: Where Would We Be If [there were no stock buybacks?]
Replies: 23
Views: 1933

Re: Where Would We Be If [there were no stock buybacks?]

I think there is a massive conflict of interest with upper management deciding to do share buybacks unless they own none of the stock. This right here. This is the criticism of the massive stock buy backs we've seen in the last several years. So many execs/CEOs are compensated via company stock. Sa...
by JakeyLee
Sat Apr 04, 2020 1:36 pm
Forum: Investing - Theory, News & General
Topic: Deploying your emergency fund to buy stocks? Think again.
Replies: 183
Views: 29688

Re: Deploying your emergency fund to buy stocks? Think again.

Thanks,willthrill81.... My chunks literally come from an assortment of years of living life with zero debt. I Max all available pre-tax monies . I invest post tax as well. EVERY month. But as you're about to find out, there's a funny thing that happens when you eliminate all debt. 1). Your real liv...
by JakeyLee
Thu Apr 02, 2020 9:57 am
Forum: Personal Consumer Issues
Topic: Homemade Salad Dressing
Replies: 51
Views: 3222

Re: Homemade Salad Dressing

You can take a kid out of the trailer park, but you can't take the trailer park out of him... Huge glob of mayo, smaller glob of ketchup, big spoon full of relish, and a nice squeeze of Srichaca. It's like a slightly spicy version of secret sauce. The upscale folks I've met call it thousand island.....
by JakeyLee
Thu Apr 02, 2020 9:40 am
Forum: Personal Investments
Topic: Does anyone else just not care/worry?
Replies: 139
Views: 9909

Re: Does anyone else just not care/worry?

To say out loud that I do not care or worry is a bit insensitive, to say the least. So I keep it to myself. "Worry" is an epic waste of energy. As a rule I don't worry about things I can't control. In the meantime, I have found solace in helping my elderly neighbors, who cannot help themselves right...
by JakeyLee
Tue Mar 31, 2020 9:34 pm
Forum: Investing - Theory, News & General
Topic: What is your age/AA during this crisis?
Replies: 138
Views: 6657

Re: What is your age/AA during this crisis?

49 years old. 100% equities. I'm down to 1.3 years expenses in cash. I made some purchase in the last few weeks according to my plan. If the market keeps moving sideways, my cash fund should move back up. If it goes down further, I will keep deploying the 'ol dry powder. Who we kidding, I never want...
by JakeyLee
Tue Mar 31, 2020 1:50 pm
Forum: Investing - Theory, News & General
Topic: Last few days stocks have risen - but rally lacks conviction
Replies: 49
Views: 3468

Re: Last few days stocks have risen - but rally lacks conviction

I was in no hurry to buy equities 2 months ago. But I did. I am in no hurry to buy equities today. But I did? Why? Because I don't make those decisions based on emotion. Those decisions are made based on my plan. I stick to the plan so I don't let my emotional brain control my fate. Signed, -Apathe...
by JakeyLee
Tue Mar 31, 2020 10:53 am
Forum: Investing - Theory, News & General
Topic: Last few days stocks have risen - but rally lacks conviction
Replies: 49
Views: 3468

Re: Last few days stocks have risen - but rally lacks conviction

I was in no hurry to buy equities 2 months ago. But I did. I am in no hurry to buy equities today. But I did? Why? Because I don't make those decisions based on emotion. Those decisions are made based on my plan. I stick to the plan so I don't let my emotional brain control my fate. Signed, -Apathet...
by JakeyLee
Sun Mar 29, 2020 5:43 pm
Forum: Investing - Theory, News & General
Topic: Deploying your emergency fund to buy stocks? Think again.
Replies: 183
Views: 29688

Re: Deploying your emergency fund to buy stocks? Think again.

Thanks,willthrill81.... My chunks literally come from an assortment of years of living life with zero debt. I Max all available pre-tax monies . I invest post tax as well. EVERY month. But as you're about to find out, there's a funny thing that happens when you eliminate all debt. 1). Your real livi...
by JakeyLee
Sun Mar 29, 2020 2:59 pm
Forum: Investing - Theory, News & General
Topic: Deploying your emergency fund to buy stocks? Think again.
Replies: 183
Views: 29688

Re: Deploying your emergency fund to buy stocks? Think again.

willthrill81, I've been a casual follower of yours for sometime. I really respect your knowledge and ability to "think outside the box". So please take this with the spirit in which is intended... An important part of my plan is to use chunks of cash methodically, as bear markets work themselves low...
by JakeyLee
Sat Mar 28, 2020 9:37 pm
Forum: Investing - Theory, News & General
Topic: Mortgage - Keep balance as High as Possible
Replies: 162
Views: 11854

Re: Mortgage - Keep balance as High as Possible

I always thought is was fascinating that the same people that don't want to pay off their mortgage, are typically the same people that own bonds that pay less than 2%.
by JakeyLee
Sat Mar 28, 2020 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Should I refinance my 2yr old mortgage?
Replies: 2
Views: 419

Re: Should I refinance my 2yr old mortgage?

I almost never comment on refinance threads. But yeah, your rate seems high. My rule of thumb has always been: if you can drop an entire point, it's a no brainer. I'm fairly confident you can drop more than just a point. Go for it. :sharebeer
by JakeyLee
Sat Mar 28, 2020 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: If you have a secure, well-paying job and cash-heavy, would a recession be a good thing?
Replies: 92
Views: 6955

Re: If you have a secure, well-paying job and cash-heavy, would a recession be a good thing?

Law enforcement here...management. Secure is an understatement. We're starting to see a rise in property crimes,break-ins, burglaries, etc.. Residential break-ins have really tapered off. There's just too many people staying home. One of my Sgt's informed me this morning that our calls for domestic ...
by JakeyLee
Sat Mar 28, 2020 11:32 am
Forum: Personal Finance (Not Investing)
Topic: How are you going to use your stimulus money?
Replies: 222
Views: 13074

Re: How are you going to use your stimulus money?

Before I found out that I was getting nothing, I was going to send it to my nieces. Both in college, and both lost their part time jobs. But alas...
by JakeyLee
Sat Mar 28, 2020 10:11 am
Forum: Investing - Theory, News & General
Topic: [NY Times:] I Became a Disciplined Investor Over 40 Years. The Virus Broke Me In 40 Days.
Replies: 56
Views: 10007

Re: I Became a Disciplined Investor Over 40 Years. The Virus Broke Me In 40 Days.

I met James Stewart in a New York city eatery a few years back. Real sweetheart of a guy. Took the time to talk to me for at least 10-15 mins. He came off as a quick wit and incredibly personable. But that's beside the point. I appreciate the article because, while it doesn't relate to me, it relat...
by JakeyLee
Fri Mar 27, 2020 11:44 am
Forum: Investing - Theory, News & General
Topic: [NY Times:] I Became a Disciplined Investor Over 40 Years. The Virus Broke Me In 40 Days.
Replies: 56
Views: 10007

Re: I Became a Disciplined Investor Over 40 Years. The Virus Broke Me In 40 Days.

I met James Stewart in a New York city eatery a few years back. Real sweetheart of a guy. Took the time to talk to me for at least 10-15 mins. He came off as a quick wit and incredibly personable. But that's beside the point. I appreciate the article because, while it doesn't relate to me, it relate...
by JakeyLee
Fri Mar 27, 2020 9:59 am
Forum: Personal Investments
Topic: Locking in Losses for a Newbie (TLH?)
Replies: 16
Views: 791

Re: Locking in Losses for a Newbie (TLH?)

Quick related TLH question: would it matter how long OP has held the position? What I mean is, if OP bought a stock 4 months ago, sells for a loss and then buys another like stock, could/ would that presumably work for TLH purposes?
by JakeyLee
Fri Mar 27, 2020 9:50 am
Forum: Personal Investments
Topic: Moving $1M+ from Wealthfront to...? Help please
Replies: 7
Views: 505

Re: Moving $1M+ from Wealthfront to...? Help please

I like Vanguard and Fidelity for different reasons. You won't go wrong with either one. Both have options that will surely meet your needs. As for the technicals on "what" you should be purchasing, I will leave that to folks here that are much smarter than me. I will say this: given your risk tolera...
by JakeyLee
Thu Mar 26, 2020 3:56 pm
Forum: Personal Consumer Issues
Topic: Documentaries?
Replies: 14
Views: 1356

Re: Documentaries?

"The Biggest Little Farm". Fun, informative, and educational for adults and children. Best documentary I've seen in the last couple years. I rented on line for $2.99. Well worth the price of admission. Check it out.
by JakeyLee
Thu Mar 26, 2020 1:43 pm
Forum: Investing - Theory, News & General
Topic: When do you buy stocks in a correction or bear market?
Replies: 30
Views: 2823

Re: When do you buy stocks in a correction or bear market?

Op, I stick to my game plan. Hard and fast rules I've used for over 25 years. That way, emotion and irrational decisions are removed: when the market is down 15% from its high (SnP 500) I deploy 20% of my "dry powder" savings. I deploy another 20% when the market drops to 25% down. When/if it reach...
by JakeyLee
Thu Mar 26, 2020 12:15 pm
Forum: Investing - Theory, News & General
Topic: How much (or little) do u talk to/teach others about finances
Replies: 36
Views: 1747

Re: How much (or little) do u talk to/teach others about finances

Much more than I want, at this point. I volunteered years ago to help all incoming/new employees with education on their deferred compensation options (403b), employer sponsored insurance, etc.. I'm not a salesman. I show the countless options that are available. Thanks to the hard work of a handful...