Search found 86 matches

by 220volt
Thu Aug 09, 2018 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Huge mortgage mistake
Replies: 58
Views: 8325

Re: Huge mortgage mistake

Honestly, $60/month for PMI is nothing. I would just put more automatically towards principle every month and pay that thing off in 10-15 years. It will get rid of your PMI quicker too.
Refinancing introduces not only stress but additional cost. Is that worth $60/month?
by 220volt
Mon Aug 06, 2018 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Those who retired and moved to another country, where did you go?
Replies: 12
Views: 3110

Re: Those who retired and moved to another country, where did you go?

Thanks for the replies, I agree that language is the biggest barrier that limits the number of countries we (as general) can retire in. Most of European countries speak English but obviously cost of living is more expensive, unless it's a smaller town, in that case we can just retire in a less expe...
by 220volt
Fri Aug 03, 2018 11:11 am
Forum: Investing - Theory, News & General
Topic: Will dividend spending only portfolio last forever ?
Replies: 90
Views: 5649

Re: Will dividend spending only portfolio last forever ?

If somebody is able to plan their expenses in retirement to only spend dividends , then wouldn’t that portfolio last forever?(except for truly extreme circumstances). I know that the emphasis on this forum is on total returns, but dividend spending only maybe a way to enforce discipline on spending...
by 220volt
Fri Jul 27, 2018 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Retire Internationally for FIRE
Replies: 94
Views: 12290

Re: Retire Internationally for FIRE

Deep in the Balkans :D Just how deep does one need to go to get those prices? :happy You could multiply those by at least 100 for prices in the US... I am also originally from the Balkans as well but been living in the US for the past 23 years and I can attest to those prices. My parents live in th...
by 220volt
Thu Jul 26, 2018 5:20 pm
Forum: Investing - Theory, News & General
Topic: Facebook stock in freefall! (20% drop in 1-day)
Replies: 120
Views: 10733

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

There are 48 analysts following FB. These are the people who know details of their business better than Zuckerberg. If anyone knows, it's them. Before earnings report they gave the following signals: 44 BUY 2 SELL 2 HOLD I am not a math genius, but that is a catastrophic miss! Earnings came in at a...
by 220volt
Thu Jul 26, 2018 5:16 pm
Forum: Investing - Theory, News & General
Topic: Facebook stock in freefall! (20% drop in 1-day)
Replies: 120
Views: 10733

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

There are 48 analysts following FB. These are the people who know details of their business better than Zuckerberg. If anyone knows, it's them.

Before earnings report they gave the following signals:
44 BUY
2 SELL
2 HOLD

I am not a math genius, but that is a catastrophic miss!
by 220volt
Fri Jul 20, 2018 8:15 pm
Forum: Investing - Theory, News & General
Topic: Does Anyone Invest In Berkshire Hathaway Instead Of Index Funds?
Replies: 80
Views: 13982

Re: Does Anyone Invest In Berkshire Hathaway Instead Of Index Funds?

Two things that keep me from investing in Berkshire: 1. Buffett is 88. I know that many are predicting successful continuation after he's gone but just look at the successful funds throughout the history. It was almost always the single manager's mind and vision and not the team. The team helped of ...
by 220volt
Tue Jul 17, 2018 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Bored
Replies: 25
Views: 3537

Re: Bored

Personal finance/investing Bogglehead style can be learned in one minute. Everything that comes after is reinforcement.

Start a side hustle in a totally unrelated field from your current job.
or
Try to excel the skill at your current job (job security)
by 220volt
Sat Jul 14, 2018 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Would you take a job in a less desirable city if you had to work fewer days?
Replies: 40
Views: 3061

Re: Would you take a job in a less desirable city if you had to work fewer days?

I would accept the offer.
Work 3 days a week.
FInd another job to fill the rest of your week. There's nothing to do anyway, right?
Make a lot more money that way.
Retire early.
Any questions?
by 220volt
Thu Jul 12, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Cash out 401K
Replies: 15
Views: 1895

Re: Cash out 401K

I retire in six months after 31 years of work and have a modest 401K. Since the market is pretty high at the moment I would like to cash out the 401K(less tax and projected income tax) to a 2% savings account to protect the capital in the event of a coming market correction. I'm 63 and plan to live...
by 220volt
Thu Jul 12, 2018 11:07 am
Forum: Personal Finance (Not Investing)
Topic: What rate of return are you using for retirement projections?
Replies: 99
Views: 9518

Re: What rate of return are you using for retirement projections?

Dave Ramsey said to use 12% so you can withdraw 8% safely. Whoo Hoo. I can retire right now. :sharebeer
by 220volt
Thu Jul 12, 2018 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Deciding how much to spend on home remodeling
Replies: 22
Views: 1952

Re: Deciding how much to spend on home remodeling

So where will that 60-120k remodeling money come from? Second mortgage, the line of equity or a taxable account? Neither of those is appealing really. Especially when you have job uncertainty in a hot economy. Imagine job uncertainty when things start cooling down. We are in a similar situation wher...
by 220volt
Tue Jul 10, 2018 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Destination - are you happy with your choice?
Replies: 127
Views: 15696

Re: Retirement Destination - are you happy with your choice?

My grandfather always used to say
I'm happiest living in a place where I'm currently not.
by 220volt
Mon Jul 09, 2018 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: How to "retire" in your 30's article
Replies: 110
Views: 14857

Re: How to "retire" in your 30's article

Oh I don't care about which gender earns the money, I was just commenting on total lack of practical advice for average folks. Practical advice? In the article? How about - get a good education that commands a decent salary - save a lot of your decent salary, leveraging tax deferred plans - live fr...
by 220volt
Fri Jul 06, 2018 11:17 am
Forum: Personal Finance (Not Investing)
Topic: How to "retire" in your 30's article
Replies: 110
Views: 14857

Re: How to "retire" in your 30's article

How to retire in your 30's - I don't get it. Where is the "how to" part? Marry a wife that makes a lot of money? Is it gender appropriation, when a man does something that a woman has done forever and claims it is something new? This is a real solid plan that woman have been doing for decades. Find...
by 220volt
Thu Jul 05, 2018 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: How to "retire" in your 30's article
Replies: 110
Views: 14857

Re: How to "retire" in your 30's article

How to retire in your 30's - I don't get it. Where is the "how to" part? Marry a wife that makes a lot of money?
by 220volt
Fri Jun 22, 2018 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 21058

Re: Can you retire on $2M?

Once we hit 1 million, we are retiring no matter what. Maybe even sooner. I don't want to fall into that "one more year" trap. We are not waiting a single day longer. If I retire with 2 million, to me that means I have waiting far too long and wasted big chunk of my life. Life really is too short an...
by 220volt
Fri Jun 08, 2018 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 10709

Re: Why do we work?

In the most basic primitive sense we work because we can either: * Pay for food, housing and necessities by working a job. * Or you can build a house yourself, grow your own food, and somehow forage for all necessities on your own. With having a job all you are doing is paying someone else to take c...
by 220volt
Fri Jun 08, 2018 4:31 pm
Forum: Investing - Theory, News & General
Topic: Benjamin Graham's lesson on timing
Replies: 23
Views: 2876

Benjamin Graham's lesson on timing

From the Michael Batnick’s new book: Big Mistakes: The Best Investors and Their Worst Investments In 1930, thinking the worst was over, Graham went all in and then some. He used margin to leverage what he thought would be terrific returns. But the worst was not over, and when the Dow collapsed, Grah...
by 220volt
Tue Jun 05, 2018 9:34 am
Forum: Investing - Theory, News & General
Topic: Best case to convert a Bogle skeptic?
Replies: 56
Views: 5049

Re: Best case to convert a Bogle skeptic?

Have you ever tried to convert an old person to change their favorite cereal brand? Impossible. Not sure how old your father is, but there's no converting old people to anything.
by 220volt
Thu May 31, 2018 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?
Replies: 139
Views: 17344

Re: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?

I am torn between: 1) Just sending it all to my after-tax brokerage account and buying some low-cost index (like VT) , Or, 2) Using $210K of it to pay off my 30-yr-fixed-3.625% mortgage (28 years remaining on it) and then the remainder (~ $120K) to the after-tax brokerage. Number 2, and it is not e...
by 220volt
Thu May 31, 2018 8:05 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6750
Views: 1466858

Re: U.S. stocks in freefall

Market hasn't gone anywhere this year. It seems to be hoarding energy like a loaded spring before exploding in yet to be seen direction.
by 220volt
Tue May 15, 2018 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to rent as a retiree?
Replies: 83
Views: 9378

Re: Does it make sense to rent as a retiree?

One thing no one mentioned is that by selling the house losing ability to do reverse mortgage line of credit (HECM). On a 600k house you can get 300k reverse line of credit that will grow at 5% a year, guaranteed. Not only you don't need to make any payments back, but you get to keep living in your...
by 220volt
Tue May 15, 2018 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to rent as a retiree?
Replies: 83
Views: 9378

Re: Does it make sense to rent as a retiree?

One thing no one mentioned is that by selling the house losing ability to do reverse mortgage line of credit (HECM). On a 600k house you can get 300k reverse line of credit that will grow at 5% a year, guaranteed. Not only you don't need to make any payments back, but you get to keep living in your ...
by 220volt
Mon May 14, 2018 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: When is the right time to buy a house?
Replies: 28
Views: 2068

Re: When is the right time to buy a house?

Only if you can put 20% down on a 15 year mortgage in decent area. Then you'll be in good shape.
Amortization on 30 year mortgage is horrible. You will be paying almost nothing but interest for 2 decades.
by 220volt
Fri May 11, 2018 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: ques
Replies: 47
Views: 4639

Re: Should I pay cash for a house?

20% down on a 15/year mortgage. Pay a little bit extra and you're done in 10. Invest the rest. Any questions? Bingo! Interest rates are still near historic lows. It doesn't make a whole lot of sense to pay cash from a home, where possible, when you could continue growing your net worth with a subst...
by 220volt
Fri May 11, 2018 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Living off Dividends of Vanguard Total Stock
Replies: 49
Views: 6932

Re: Living off Dividends of Vanguard Total Stock

What does everyone think of retiring when you can live off of the Dividends of the Vanguard Total Stock Market Index, and having 100% in stocks? If you can live off of 2% dividend yield then you don't need stocks at all. Just lock in 30-year Treasury at 3.15% and you're done. OP, I would seriously ...
by 220volt
Fri May 11, 2018 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: 10 year taxable account investment
Replies: 8
Views: 1173

Re: 10 year taxable account investment

You already have lots of overlap with VTSAX and VIGAX and adding another VTSAX in taxable will not provide adequate diversification. Why not add international? Either: 50/50 split between: VTMGX (Developed International - admiral share) 0.07% cost VEMAX (Emerging markets - admiral shares) 0.14% cost...
by 220volt
Fri May 11, 2018 11:25 am
Forum: Investing - Help with Personal Investments
Topic: Living off Dividends of Vanguard Total Stock
Replies: 49
Views: 6932

Re: Living off Dividends of Vanguard Total Stock

masonstone wrote:
Tue May 08, 2018 1:59 pm
What does everyone think of retiring when you can live off of the Dividends of the Vanguard Total Stock Market Index, and having 100% in stocks?
If you can live off of 2% dividend yield then you don't need stocks at all. Just lock in 30-year Treasury at 3.15% and you're done.
by 220volt
Fri May 11, 2018 11:20 am
Forum: Personal Consumer Issues
Topic: That Frugal Thing You Do
Replies: 571
Views: 133719

Re: That Frugal Thing You Do

Crockpot cooking. Healthy and simple for under $1/meal. Savings = thousands of dollars a year. Note: I personally don't consider saving on something I don't need in the first place as being frugal. I.e mowing my own lawn, saving on fitness membership, brewing my own coffee etc...It would be like say...
by 220volt
Fri May 11, 2018 11:05 am
Forum: Personal Finance (Not Investing)
Topic: ques
Replies: 47
Views: 4639

Re: Should I pay cash for a house?

20% down on a 15/year mortgage. Pay a little bit extra and you're done in 10. Invest the rest. Any questions?
by 220volt
Fri May 11, 2018 10:10 am
Forum: Investing - Theory, News & General
Topic: Withdrawal Rates – Part 24: Flexibility Myths vs. Reality
Replies: 98
Views: 11046

Re: Withdrawal Rates – Part 24: Flexibility Myths vs. Reality

I like Big Ern, especially when he is guests on Podcasts, but I am having a hard time getting through his lengthy posts, but that's probably just me. However, Germans do like to over-complicate things. One can analyze, then reanalyze, over calculate every possible scenario of "what if" and in the en...
by 220volt
Mon May 07, 2018 8:16 pm
Forum: Investing - Theory, News & General
Topic: AAPL - Great Investment or Value Trap
Replies: 62
Views: 8730

Re: AAPL - Great Investment or Value Trap

I bought Apple at $177 for my Roth and put a stop-loss limit at break even and now it's $185.16. I'll just let it ride. The worst case I break even and don't have to worry about taxes.
by 220volt
Mon May 07, 2018 8:12 pm
Forum: Investing - Theory, News & General
Topic: Total Bond - SEC yield breaks 3%
Replies: 104
Views: 13087

Re: Total Bond - SEC yield breaks 3%

Does this mean that I get 3% dividend if I put money in this fund? ie is it like I get a 3% dividend , just like a cd but better .... but caveat that my principal might go down? This always confuses me ie ... is the yield shown ie 3.00% here .. a genuine firm figure that I can bet the farm on? It i...
by 220volt
Sat May 05, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 246
Views: 33139

Re: Those with high savings rate: why?

If I was Western or Northern European, I would probably not be saving nearly as much, since I would not have to deal with anxieties we have here the states. Healthcare, education, retirement, maternity and paid leave, job security, etc... Most of these are almost eliminated or at least significantl...
by 220volt
Fri May 04, 2018 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 246
Views: 33139

Re: Those with high savings rate: why?

If I was Western or Northern European, I would probably not be saving nearly as much, since I would not have to deal with anxieties we have here the states. Healthcare, education, retirement, maternity and paid leave, job security, etc... Most of these are almost eliminated or at least significantly...
by 220volt
Tue Apr 24, 2018 2:57 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 79
Views: 6579

Re: Lump Sum Vs Dollar Cost Averaging

I know. That was my point. Most of the people who are still working are investing as soon as they can via 401k, regular contributions etc...Which is not true DCA since there is no lump sum do begin with. No choice really. Having a lump sum seems to be rare (lottery, house sale, inheritance) that an...
by 220volt
Tue Apr 24, 2018 1:51 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 79
Views: 6579

Re: Lump Sum Vs Dollar Cost Averaging

Where does one get this "lump sum" - Lottery? There is no lottery in stocks investing; you should invest everything as soon as possible, if you believe that markets always go up. I know. That was my point. Most of the people who are still working are investing as soon as they can via 401k, regular ...
by 220volt
Tue Apr 24, 2018 1:37 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 79
Views: 6579

Re: Lump Sum Vs Dollar Cost Averaging

Where does one get this "lump sum" - Lottery?
by 220volt
Thu Apr 19, 2018 9:57 am
Forum: Investing - Help with Personal Investments
Topic: Are you keeping more in cash?
Replies: 31
Views: 4914

Re: Are you keeping more in cash?

I like what Bill Bernstein said once (I am paraphrasing): keep the FI money in as safe investment that will keep you not running out of money for the rest of your life, but invest any extra as aggressively as you like.
by 220volt
Thu Apr 19, 2018 7:57 am
Forum: Investing - Theory, News & General
Topic: Bill Bonner: what's your take?
Replies: 38
Views: 3843

Re: Bill Bonner: what's your take?

The real data is available for free online. Why would anyone listen to people like Bill Bonner, Peter Schiff, and other doomsday preachers instead of Bogle, Buffet, Monger is beyond me. These people have been wrong more times than a coin flip. Meaning: they could not have been more wrong even if the...
by 220volt
Sat Apr 14, 2018 10:25 pm
Forum: Investing - Theory, News & General
Topic: Meb Faber/Cambria/Trinity Funds
Replies: 49
Views: 4642

Re: Meb Faber/Cambria/Trinity Funds

Larry Swedroe advocates small and value tilts and has now come onboard with trend following as well, which is mostly what Meb advocates. That's the thing. I've been listening to Mab Faber's podcast for months and still have no idea what his actual strategy is. He seems to be all over the place with...
by 220volt
Sat Apr 14, 2018 10:22 pm
Forum: Investing - Theory, News & General
Topic: Meb Faber/Cambria/Trinity Funds
Replies: 49
Views: 4642

Re: Meb Faber/Cambria/Trinity Funds

Just curious, why would you only consider the advice of old people meaningful? Just for the sheer experience and having lived through thick and thin. I think there's more to investing than what you can learn just from books and academics. I'm 44 years old and I'm just having a hard time taking advi...
by 220volt
Sat Apr 14, 2018 5:45 pm
Forum: Investing - Theory, News & General
Topic: Meb Faber/Cambria/Trinity Funds
Replies: 49
Views: 4642

Re: Meb Faber/Cambria/Trinity Funds

How old is Meb Faber? I have tried to find it everywhere with no success. I also listen to his podcast, and I don't know why but I tend to stick with an older crowd for meaningful long-term market advice. Meb sounds very young to me, in his mid 30's maybe.
by 220volt
Thu Apr 12, 2018 8:21 am
Forum: Investing - Theory, News & General
Topic: Bull Market Timing
Replies: 60
Views: 5170

Re: Bull Market Timing

Can someone remind me why we shouldn’t try to time the market? This bull market has been incredible but it doesn’t take a genius to look at historical averages and see we’re near the end here... I’m trying to stop worrying about the inevitable and just ride it out but it’s tough when you’re dollar ...
by 220volt
Wed Apr 11, 2018 2:53 pm
Forum: Investing - Theory, News & General
Topic: Fisher Investments hard sell
Replies: 40
Views: 41529

Re: Fisher Investments hard sell

My rule for high fee/active management is: show me you can beat the market year after year. If you think beating the market year after year is unrealistic, then don't charge me high fees and waste my time. I only have one life and don't have 20 years to wait for you to see how it will pan out.
by 220volt
Mon Apr 09, 2018 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Posting My Expenses for 2018...
Replies: 23
Views: 1779

Re: Posting My Expenses for 2018...

No criticism at all. Many people either underestimate their expenses or underreport them out of guilt. I’ve seen people budget $125 a month for food. So they either underreporting or they’re living off of grubs and beetles. It’s refreshing to see many in this thread tells it like it is. I know I was...
by 220volt
Wed Apr 04, 2018 10:11 am
Forum: Investing - Theory, News & General
Topic: Boglehead-approved personal finance podcasts?
Replies: 27
Views: 4114

Re: Boglehead-approved personal finance podcasts?

The closest to Boglehead approved podcast (that are not from Vanguard) I found and listen are:

1. http://www.talkingrealmoney.com/podcasts/ (funny and entertaining. 100% Bogle style)
2. http://paulmerriman.com/podcasts/ (Paul Merriman. I'd say 90% Boglehead but very good. Huge respect for this guy)
by 220volt
Sun Apr 01, 2018 2:00 pm
Forum: Personal Consumer Issues
Topic: Porsche 911 & Carmax?
Replies: 13
Views: 2915

Re: Porsche 911 & Carmax?

I've bought Porsche Boxter S through Carmax and they will treat it as any other car. Expect a good price and fast and honest service, but no white glove treatment. Note: Don't let the Carmax do ANY maintenance on your Porsche prior or after purchase. Especially oil changes or tires. They will put th...