Search found 139 matches

by 220volt
Tue Feb 11, 2020 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Worried About AI Taking Your Job?
Replies: 54
Views: 3551

Re: Worried About AI Taking Your Job?

Automation has been going on since the beginnings of the industrial revolution. It's not like it just started happening. Companies always looked for ways to automate. Old mundane jobs get automated every day, but new type of jobs are popping up all the time. Just like we see the Industrial revolutio...
by 220volt
Mon Jan 13, 2020 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Do you plan to actually spend down your portfolio?
Replies: 353
Views: 29411

Re: Do you plan to actually spend down your portfolio?

Spending down method is more commonly knows as THE WASTING ASSET RETIREMENT MODEL (WARM) with a twist - no money in the stock market at all. JL Collins posted about it a while back. In order for this to work, you need 20% more assets than with 4% rule (stock.bonds) method. Not for everyone for sure,...
by 220volt
Thu Jan 09, 2020 3:59 pm
Forum: Personal Consumer Issues
Topic: travel from the U.S. to Europe given geo-political tensions?
Replies: 117
Views: 7736

Re: travel from the U.S. to Europe given geo-political tensions?

I've always ignored the chance of a terrorist attack when traveling as a very low probability event. We're starting to consider winter travel to europe and I'm sure we'll be easy to identify as Americans. I don't believe we have cause for concern but thought to see if middle east tensions have give...
by 220volt
Mon Jan 06, 2020 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Our 'cure' for emergency expenses
Replies: 147
Views: 21633

Re: Our 'cure' for emergency expenses

We always keep 2 months of expenses in our checking. That covers irregular (and regular) expense. I'd like to keep things simple and have less accounts to worry about.
by 220volt
Mon Jan 06, 2020 11:30 am
Forum: Investing - Theory, News & General
Topic: Paul Merriman will be our February 2020 "Bogleheads on Investing" guest.
Replies: 85
Views: 5910

Re: Paul Merriman will be our February 2020 "Bogleheads on Investing" guest.

I love Paul’s attitude and advice, but lately he has been focusing too much on young investors. Put everything in stocks in your early 20’s and ride it out for 40 years until you become a millionaire. Too me that seems like a low risk advice, almost a cop out. There’s really not much to it. I wish h...
by 220volt
Wed Dec 18, 2019 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance during retirement
Replies: 28
Views: 2702

Re: Health Insurance during retirement

Once we retire wife and I are moving out of country. At least until we are medicare eligible. Then we'll reassess. But that's the plan A. The whole health care mess in the US is totally out of control so we are not even bothering with any kind of prediction or calculations. Even $360/month premium p...
by 220volt
Thu Oct 31, 2019 12:09 pm
Forum: Personal Consumer Issues
Topic: Can one own a Porsche 911 that is not a money pit?
Replies: 79
Views: 11417

Re: Can one own a Porsche 911 that is not a money pit?

People who say sports cars are money pits are non-enthusiast. They look at cars as an air conditioned stereo on wheels. Even with minimal knowledge you can own sports cars for far less than most SUVs, minivans and pickup trucks. Have you seen prices of SUVs these days? I’ve owned 987 Boxter S as my ...
by 220volt
Wed Oct 02, 2019 6:11 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 17878
Views: 2532173

Re: U.S. stocks in free fall

Don't bull markets end in euphoria and overbuying? Everyone has been bracing for recession for the past year. The markets seem hardly euphoric these days.
by 220volt
Mon Sep 30, 2019 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: How does SS security office knows you're alive?
Replies: 19
Views: 2658

Re: How does SS security office knows you're alive?

Are your parents even listed as living overseas? You say they are getting their mail in the usa. Also sounds like they have it arranged so it seems that they are still living in the usa? Do your parents have another citizenship? If their benefits are cut it's not a big problem. You email the usa em...
by 220volt
Mon Sep 30, 2019 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: How does SS security office knows you're alive?
Replies: 19
Views: 2658

Re: How does SS security office knows you're alive?

My parents live overseas and are collecting SS. They know it is their responsibility to notify SS office if one of them dies, but are they required to report (every so often) that they're still alive? How does the SS office know you're still alive? Some European countries require their expat citize...
by 220volt
Mon Sep 30, 2019 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: How does SS security office knows you're alive?
Replies: 19
Views: 2658

Re: How does SS security office knows you're alive?

I’m guessing since a non-living person can’t cash a check, that would be one way they would know if someone wasn’t alive. Are Social Security checks direct deposited? Even if they are, the account would soon be closed. I would think that the estate would notify Social Security if the person had die...
by 220volt
Mon Sep 30, 2019 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: How does SS security office knows you're alive?
Replies: 19
Views: 2658

Re: How does SS security office knows you're alive?

My parents live overseas and are collecting SS. They know it is their responsibility to notify SS office if one of them dies, but are they required to report (every so often) that they're still alive? How does the SS office know you're still alive? Some European countries require their expat citize...
by 220volt
Mon Sep 30, 2019 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: How does SS security office knows you're alive?
Replies: 19
Views: 2658

Re: How does SS security office knows you're alive?

SSA says: “When you live outside the United States, periodically we’ll send you a questionnaire. Your answers will help us figure out if you still are eligible for benefits. Return the questionnaire to the office that sent it as soon as possible. If you don’t, your payments will stop. In addition t...
by 220volt
Mon Sep 30, 2019 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: How does SS security office knows you're alive?
Replies: 19
Views: 2658

How does SS security office knows you're alive?

My parents live overseas and are collecting SS. They know it is their responsibility to notify SS office if one of them dies, but are they required to report (every so often) that they're still alive? How does the SS office know you're still alive? Some European countries require their expat citizen...
by 220volt
Thu Aug 29, 2019 2:11 pm
Forum: Personal Consumer Issues
Topic: How do you afford to travel?
Replies: 116
Views: 16813

Re: How do you afford to travel?

80% of my issue is flying. even though I do it a few times a year, it still scares me. If I were to book a 10hr flight, I would be worrying about it for 8 weeks up until the flight, and there is not enough whiskey in Tennessee to calm me down during. So adding the $ amount to travel, with my 'fear'...
by 220volt
Sun Aug 25, 2019 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: White collars- How much is your work downtime?
Replies: 203
Views: 18524

Re: White collars- How much is your work downtime?

For example, how companies have to have a receptionist (a pointless job) in order to look like a real company. They deploy an army of people working 8+ hours just to look presentable and trustworthy. If this were the case then what is stopping some competitor from running a lean operation and selli...
by 220volt
Sat Aug 24, 2019 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: White collars- How much is your work downtime?
Replies: 203
Views: 18524

Re: White collars- How much is your work downtime?

Large work downtime is explained in the book Bull**it Jobs: A Theory by David Graeber and some other economists. Technology made certain jobs so efficient that 40-60% of the work is wasted on trivial activities, but we are still required to work 8 hours/day and be at work on time so that the compan...
by 220volt
Fri Aug 23, 2019 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: White collars- How much is your work downtime?
Replies: 203
Views: 18524

Re: White collars- How much is your work downtime?

Large work downtime is explained in the book Bull**it Jobs: A Theory by David Graeber and some other economists. Technology made certain jobs so efficient that 40-60% of the work is wasted on trivial activities, but we are still required to work 8 hours/day and be at work on time so that the company...
by 220volt
Fri Jun 28, 2019 12:27 pm
Forum: Investing - Theory, News & General
Topic: Next 30 Years for Ray Dalio’s All Weather Portfolio?
Replies: 53
Views: 7324

Re: Next 30 Years for Ray Dalio’s All Weather Portfolio?

It's in the name "All weather" so it is expected to perform well in all periods. Otherwise it wouldn't be called all weather portfolio.
by 220volt
Thu May 02, 2019 5:22 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 17878
Views: 2532173

Re: U.S. stocks in free fall

The US stock market hasn't gone anywhere for the past 16 months. Total stock Index (VTSAX) 1/22/2018 @71.50 5/2/2019 @72.60 Same story with Dow and SP500 I'm feeling pretty good about going all cash in Jan 2018. My market timing indicator was when I saw a bunch of people posting their 401k statemen...
by 220volt
Thu May 02, 2019 5:20 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 17878
Views: 2532173

Re: U.S. stocks in free fall

The US stock market hasn't gone anywhere for the past 16 months. Total stock Index (VTSAX) 1/22/2018 @71.50 5/2/2019 @72.60 Same story with Dow and SP500 Why 16 months? Pretty arbitrary. And anyway you ignored dividends. $10,000 invested in VTSAX was worth $10,625 at close yesterday (5/1). Mornings...
by 220volt
Thu May 02, 2019 5:19 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 17878
Views: 2532173

Re: U.S. stocks in free fall

Luckywon wrote:
Thu May 02, 2019 2:06 pm

Also, in the 16 months it went a lot of places before ending up where it is now. :beer
Yeah, I was going to say that.
by 220volt
Thu May 02, 2019 12:48 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 17878
Views: 2532173

Re: U.S. stocks in free fall

The US stock market hasn't gone anywhere for the past 16 months.
Total stock Index (VTSAX)
1/22/2018 @71.50
5/2/2019 @72.60

Same story with Dow and SP500
by 220volt
Thu May 02, 2019 12:34 pm
Forum: Investing - Theory, News & General
Topic: Why does rebalancing reduce total return?
Replies: 25
Views: 2829

Re: Why does rebalancing reduce total return?

In accumulation phase while I'm still contributing money to my AA I'm a fan of adding money to losers while letting winners run instead of hard-core re balancing. For example: if 50/50 (stock/bonds) gets out of wack after a while to let's say 60/40, I would just direct more of future contributions t...
by 220volt
Wed Apr 17, 2019 5:12 pm
Forum: Investing - Theory, News & General
Topic: Why does the stock market go up in the long term?
Replies: 62
Views: 5431

Re: Why does the stock market go up in the long term?

What do you mean by "trust in the economy"? The whole money system is based on trust. From the smallest money transaction between you and the coffee shop to the big central banking exchanges, public stock trading, etc... Without trust, you have no economy or the stock market. So as long as people t...
by 220volt
Wed Apr 17, 2019 3:05 pm
Forum: Investing - Theory, News & General
Topic: Why does the stock market go up in the long term?
Replies: 62
Views: 5431

Re: Why does the stock market go up in the long term?

a stock could just as easily underperform as overperform expectations.
That is correct...if the market was comprised of the exact same stocks, for all of its life. Companies that comprise the stock market change all the time. So as long as there's trust in economy the markets will move up.
by 220volt
Thu Mar 28, 2019 3:08 pm
Forum: Personal Consumer Issues
Topic: Anyone disenchanted with retirement?
Replies: 325
Views: 49978

Re: Anyone disenchanted with retirement?

Isn't there an old saying "the work makes a man. But the leisure makes a gentlemen"
by 220volt
Fri Mar 22, 2019 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Is Staying in the Same Home for a Long Time Good for Wealth Building?
Replies: 18
Views: 1914

Re: Is Staying in the Same Home for a Long Time Good for Wealth Building?

By hoping form house to house not only you spend ungodly amount on transaction costs, closing costs and fix-ups, but you are not building much equity either since most of what you're paying upfront is interest. So it's a multiple whammy against you. As matter of fact, if you plan on changing houses ...
by 220volt
Mon Mar 18, 2019 2:45 pm
Forum: Personal Consumer Issues
Topic: Paris - Is It Safe?
Replies: 143
Views: 10528

Re: Paris - Is It Safe?

Paris is so beautiful and interesting that no amount of protests would keep me and my wife from it. Seriously, it is one of the most beautiful cities in the world. Every corner, every street offers new adventures.
by 220volt
Mon Mar 18, 2019 2:34 pm
Forum: Personal Consumer Issues
Topic: What are the purposes of your travels?
Replies: 60
Views: 4262

Re: What are the purposes of your travels?

Wife and I love to travel and we always have these quotes in mind: "You cannot know your own country unless you travel outside of it. You don't know America unless you travel outside of America" - unknown "The World Is a Book and Those Who Do Not Travel Read Only One Page" - Saint Augustine "I urge ...
by 220volt
Mon Mar 18, 2019 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: How much do I need to save?
Replies: 18
Views: 2339

Re: How much do I need to save?

You need 2.5 million total, so you need to save $3,000/month for the next 15 years assuming 6% return.
If you can save $4,000/month then you can retire in about 13 years.
by 220volt
Thu Mar 14, 2019 10:06 am
Forum: Personal Consumer Issues
Topic: lawn care cost
Replies: 70
Views: 7064

Re: lawn care cost

I'm thinking of hiring for my lawn care, I have a 0.25 acre lot, about 1/2 of it is the house, flat terrain. Just for mowing I'm getting quoted in columbus ohio for 40 dollars by high school student. Is that considered a good deal? I mean I'm a pretty cheap guy. I could mow my lawn in about 30 minu...
by 220volt
Fri Mar 08, 2019 3:44 pm
Forum: Personal Consumer Issues
Topic: Are Password Managers Really Necessary?
Replies: 200
Views: 17710

Re: Are Password Managers Really Necessary?

The system is stored in your head, but every site has a different password. You can do all kinds of things with it. You can have two or three systems, with all kinds of easy to remember (for you) combination. You can change the system every year or two if need to. I think a lot of us used a "system...
by 220volt
Thu Mar 07, 2019 9:54 pm
Forum: Personal Consumer Issues
Topic: Are Password Managers Really Necessary?
Replies: 200
Views: 17710

Re: Are Password Managers Really Necessary?

The only secure way is to store passwords is in your head. But it's not only stored in your head. It's stored on every sever that hosts a website with which you have an account, including that random forum you signed up for 7 years ago. Much better to generate random passwords, store them in a pass...
by 220volt
Thu Mar 07, 2019 1:42 pm
Forum: Personal Consumer Issues
Topic: Are Password Managers Really Necessary?
Replies: 200
Views: 17710

Re: Are Password Managers Really Necessary?

Google Chrome actually has a built in password manager that generates secure unique password every time you visit a site. So it has its own chiper. You can even use that instead of third party built in manager, but I prefer "remembering" method and make sure I don't save passwords in Chrome. I used...
by 220volt
Thu Mar 07, 2019 1:36 pm
Forum: Personal Consumer Issues
Topic: Are Password Managers Really Necessary?
Replies: 200
Views: 17710

Re: Are Password Managers Really Necessary?

The only secure way is to store passwords is in your head. Period. It may be secure (I won't debate that part here), but it's not very reliable, especially if your head is hit by a proverbial bus and your spouse needs the logins to pay the medical bills. P.S. Why did you decide to restart this year...
by 220volt
Thu Mar 07, 2019 12:33 pm
Forum: Personal Consumer Issues
Topic: Are Password Managers Really Necessary?
Replies: 200
Views: 17710

Re: Are Password Managers Really Necessary?

The only secure way is to store passwords is in your head. Period. And the way you do it with multiple sites is by creating a unique phrase for each site with what is called a “cipher”. A single code word only you know. That code is your core to which you build your unique password by adding someth...
by 220volt
Thu Mar 07, 2019 12:29 pm
Forum: Personal Consumer Issues
Topic: Are Password Managers Really Necessary?
Replies: 200
Views: 17710

Re: Are Password Managers Really Necessary?

The only secure way is to store passwords is in your head. Period. And the way you do it with multiple sites is by creating a unique phrase for each site with what is called a “cipher”. A single code word only you know. That code is your core to which you build your unique password by adding someth...
by 220volt
Thu Mar 07, 2019 12:26 pm
Forum: Personal Consumer Issues
Topic: Are Password Managers Really Necessary?
Replies: 200
Views: 17710

Re: Are Password Managers Really Necessary?

The only secure way is to store passwords is in your head. Period. And the way you do it with multiple sites is by creating a unique phrase for each site with what is called a “cipher”. A single code word only you know. That code is your core to which you build your unique password by adding someth...
by 220volt
Thu Mar 07, 2019 12:23 pm
Forum: Personal Consumer Issues
Topic: Are Password Managers Really Necessary?
Replies: 200
Views: 17710

Re: Are Password Managers Really Necessary?

The only secure way is to store passwords is in your head. Period. And the way you do it with multiple sites is by creating a unique phrase for each site with what is called a “cipher”. A single code word only you know. That code is your core to which you build your unique password by adding someth...
by 220volt
Thu Mar 07, 2019 9:18 am
Forum: Personal Consumer Issues
Topic: Are Password Managers Really Necessary?
Replies: 200
Views: 17710

Re: Are Password Managers Really Necessary?

The only secure way is to store passwords is in your head. Period. And the way you do it with multiple sites is by creating a unique phrase for each site with what is called a “cipher”. A single code word only you know. That code is your core to which you build your unique password by adding somethi...
by 220volt
Sun Feb 24, 2019 5:02 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 3% is the new 4%
Replies: 699
Views: 56350

Re: Larry Swedroe: 3% is the new 4%

This is more of a personality issue than mathematical. I've seen people on this board not even thinking about retirement unless they save at minimum 30 x their spending with 3% WR and having SS AND pension on top of that. They will do anything and work as long as needed just to be "sure". They're a...
by 220volt
Sun Feb 24, 2019 4:48 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 3% is the new 4%
Replies: 699
Views: 56350

Re: Larry Swedroe: 3% is the new 4%

This is more of a personality issue than mathematical. I've seen people on this board not even thinking about retirement unless they save at minimum 30 x their spending with 3% WR and having SS AND pension on top of that. They will do anything and work as long as needed just to be "sure". They're al...
by 220volt
Fri Feb 22, 2019 2:35 pm
Forum: Investing - Theory, News & General
Topic: When do you notice the compounding at work?
Replies: 137
Views: 29363

Re: When do you notice the compounding at work?

"Filled with all this energy that is ready to explode at the slightest move upwards" Or downwards. It would have less of an effect downwards because we keep adding new money all the time. Plus a lot of shares acquired were already at low prices. Upward moves are much more dramatic as my tracking sp...
by 220volt
Fri Feb 22, 2019 1:50 pm
Forum: Investing - Theory, News & General
Topic: When do you notice the compounding at work?
Replies: 137
Views: 29363

Re: When do you notice the compounding at work?

I have about 180k in our retirement accounts. I haven't seen much growth at all in these accounts over the last year or two apart from my contributions. At what point or dollar range do you start to actually see the magic of compounding work? Assume I have a basic three fund portfolio. Thanks You d...
by 220volt
Fri Jan 25, 2019 1:19 pm
Forum: Investing - Theory, News & General
Topic: Why don't good ideas beat the market?
Replies: 33
Views: 3041

Re: Why don't good ideas beat the market?

To beat the market you have to know something the majority don't. Consistently.
by 220volt
Fri Jan 11, 2019 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 162
Views: 9786

Re: Getting a Mortgage when You can Pay Cash for a House

With 300k you can buy either:

a piece of mind (house paid for)
or
uncertainty (stock market returns)
by 220volt
Wed Jan 09, 2019 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Is buying a $700K first home crazy?
Replies: 70
Views: 8046

Re: Is buying a $700K first home crazy?

Moneywise you should be good, but with 300k salary plus 500k in savings, I personally would be retired in 4-5 years. Done.
by 220volt
Wed Jan 02, 2019 6:29 pm
Forum: Investing - Theory, News & General
Topic: Will you contribute the max to your IRA and then invest it all in equities for the first market day of the new year?
Replies: 160
Views: 9802

Re: Will you contribute the max to your IRA and then invest it all in equities for the first market day of the new year?

How are you able to buy an ETF with 2019 IRA funds on the first trading day? Best I can seem to find involves transferring money into a settlement fund for a purchase at a later date. I transfer money from my Capital One 360 directly into Vanguard's settlement fund and the money is available to buy...
by 220volt
Wed Jan 02, 2019 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: How to afford a sports car?
Replies: 128
Views: 10066

Re: How to afford a sports car?

I'm 24 single out of college not making alot of money , paid off my student loans , I am becoming frustrated, because after rent, insurance, groceries, gas, Bill's etc I'm only saving $1000/month No savings (because I put it all on student loans) Given all the facts, you can not afford $40k sports ...