Search found 205 matches

by CarpeDiem22
Fri Aug 16, 2019 5:32 am
Forum: Personal Consumer Issues
Topic: I wanted to teach myself computer programming.
Replies: 62
Views: 4688

Re: I wanted to teach myself computer programming.

Thanks to the posters who suggested "Automate the boring stuff with Python". I'm already on the 3rd chapter. I work in Corporate Finance (lot of excel work) and I'm sure I would be able to make good use of it if I learn enough.
by CarpeDiem22
Thu Aug 08, 2019 12:36 am
Forum: Investing - Theory, News & General
Topic: Is anyone running 50/50 stock bond who is younger?
Replies: 45
Views: 4304

Re: Is anyone running 50/50 stock bond who is younger?

I'm 32 and at 45:55 stock/bond allocation (target is usually 65:35). I was deliberately 20% lower in stocks, and stock indexes in my geo have fallen 10% in last 40 days. If they fall 10% more, I'll go to 65:35.
by CarpeDiem22
Tue Aug 06, 2019 5:01 am
Forum: Personal Finance (Not Investing)
Topic: Small business being acquired. What to look out for?
Replies: 7
Views: 884

Re: Small business being acquired. What to look out for?

1. Details of earn-out. For example, if it is based on Net Revenues, be sure to include in the agreement what "Net" means. 2. Earnings of your friend's company may be revised downwards post due diligence (if there is one), so be mindful of that. 3. Financial strength of the acquiring company. Term s...
by CarpeDiem22
Mon Jul 15, 2019 4:20 am
Forum: Personal Finance (Not Investing)
Topic: Recent layoffs and now focus on corporate valuation - are owners looking to sell?
Replies: 29
Views: 2555

Re: Recent layoffs and now focus on corporate valuation - are owners looking to sell?

It's been a crazy few weeks at work. Evidently our owners recently took on new investors. We've had a travel freeze for a couple of months, and layoffs over the last 2 weeks. The owners were visiting regional offices last week to evaluate and try to put people at ease (not sure that worked). We had...
by CarpeDiem22
Tue Jul 09, 2019 1:07 am
Forum: Investing - Theory, News & General
Topic: Demographics are Not Destiny (due to Automation)
Replies: 22
Views: 2051

Re: Demographics are Not Destiny (due to Automation)

Also, when this discussion comes up I always do have to point out that overall US productivity is not growing that fast right now. Everybody talks about automation, but it actually isn't progressing near as fast as it has historically. Is that because low interest rates (cheap capital) is keeping u...
by CarpeDiem22
Thu Jul 04, 2019 12:11 am
Forum: Personal Investments
Topic: Ok, I'm taking 20% off the table
Replies: 9
Views: 2445

Re: Ok, I'm taking 20% off the table

In before the lock. Would you care to share your rationale for doing so? I'm also 20% below my target equity allocation % due to high equity valuations we see today.
by CarpeDiem22
Tue Jul 02, 2019 5:20 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2412
Views: 434583

Re: What are you up YTD? [Year To Date]

45/55

without contributions, up 4.3% (approx.)
With contribution, 17%
by CarpeDiem22
Tue Jun 25, 2019 4:31 am
Forum: Personal Finance (Not Investing)
Topic: How did you lower your annual expenses?
Replies: 145
Views: 13396

Re: How did you lower your annual expenses?

1. Moved to a house with 26% lower rent but similar in nature/facilities. Original rent was almost 20%+ of my salary, so this was good saving. 2. Due to moving nearer to work, use my car quite rarely now. Travel cost is reduced. 3. Educated myself on income taxes and started using deductions I was n...
by CarpeDiem22
Thu Jun 20, 2019 2:53 am
Forum: Personal Investments
Topic: Confused with the markets
Replies: 47
Views: 4461

Re: Confused with the markets

In my understanding, markets are being fueled by cheap money from all the central banks. This would result in lower realized growth in the future. Here's an interesting article on this:

https://www.nytimes.com/2019/06/15/opin ... ssion.html
by CarpeDiem22
Tue Jun 18, 2019 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Maternity and Paternity leave policies
Replies: 56
Views: 3346

Re: Maternity and Paternity leave policies

In my country, mothers are entitled to 6 months paid leave by law (In case of third child, this benefit is only 12 weeks). New fathers usually get 5 paid days off in private sector (no law on paternity).
by CarpeDiem22
Mon Jun 03, 2019 12:52 am
Forum: Personal Finance (Not Investing)
Topic: What personal finance metrics do you track?
Replies: 44
Views: 3521

Re: What personal finance metrics do you track?

I track: 1. Monthly income and expense (P&L): I update my post tax salary and total expense every month. Gives me savings % for the month and rolling 12 month. I've realized that this is the most important metric I track. 2. Networth (Balance sheet): I update once a month. Pretty motivating to see t...
by CarpeDiem22
Tue May 28, 2019 2:15 am
Forum: Personal Finance (Not Investing)
Topic: Help me choose - which option is financially better?
Replies: 5
Views: 1082

Re: Help me choose - which option is financially better?

There are way too many complications and unknowns with sending $30K there and transferring $200 each month is cumbersome. I would just send $1,200 over there every six months out of your cash flow. That could also help your sister handle any unexpected large expenses that might come up. +1. Due to ...
by CarpeDiem22
Mon May 27, 2019 12:18 am
Forum: Investing - Theory, News & General
Topic: Do you have an allocation more conservative than 50/50 ?? What is it? Why? How Bogleheads are getting it done.
Replies: 135
Views: 12769

Re: Do you have an allocation more conservative than 50/50 ?? What is it? Why?

I'm currently at 45/55 stocks/bonds. My target allocation is 65/35 based on age in bonds (approx.). Being 20% below my target stock allocation is my tactical asset allocation, which late Mr. Bogle permitted. Being a India resident, I get about 8% nominal return from high grade fixed income (retail i...
by CarpeDiem22
Wed May 22, 2019 12:51 am
Forum: Personal Investments
Topic: Estimating percent return on investment (small business)?
Replies: 9
Views: 575

Re: Estimating percent return on investment (small business)?

The right way to estimate a return is to calculate Internal Rate of Return to Equity (IRR) for this business. For that, you need to estimate Free Cash Flow to Equity (FCFE). To get FCFE, you need to start from Profit after Tax (PAT), add back Depreciation, and reduce any changes in working capital, ...
by CarpeDiem22
Mon May 20, 2019 2:20 am
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 15069

Re: FIRE - What am I missing in the News Stories

In before the lock. What am I missing? For me I want to retire early but why would I give up a good paying job for a part time low paying job? I guess they think there isn't any stress in low paying jobs but I would argue quite the reverse. Oddly, it seems low paying jobs frequently have lots of str...
by CarpeDiem22
Sun May 05, 2019 7:23 am
Forum: Non-US Investing
Topic: gold etf
Replies: 7
Views: 1151

Re: gold etf

Tylenol Jones wrote:
Fri May 03, 2019 5:22 am
Does anyone know what are the best options for gold etf purchases now outside US?
Specially for India residents, Sovereign Gold Bonds are the best way to take gold exposure. There is no expense ratio, plus one gets 2.5% annual interest on initial amount invested.
by CarpeDiem22
Mon Apr 15, 2019 11:49 pm
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 810
Views: 89249

Re: That's enough for me in 2019

Stocks are not safe assets. They are risk assets. That risk does not decrease with time. It increases. Disagree. The chance that you end up with less than you put in decreases over long time scales, as long as you agree that an equity risk premium exists at all. Think about what you're saying. If t...
by CarpeDiem22
Thu Apr 11, 2019 12:58 am
Forum: Personal Consumer Issues
Topic: How Much Do You Pay For Haircut?
Replies: 115
Views: 6891

Re: How Much Do You Pay For Haircut?

Slightly less than $2 per haircut for me, once every 6 weeks or so. About $5 for DW, once every 3-4 months. No tips required.

Yes, the third world is that cheap to live in.
by CarpeDiem22
Sun Apr 07, 2019 4:53 am
Forum: Investing - Theory, News & General
Topic: Country inflation rates: how are they calculated?
Replies: 2
Views: 347

Re: Country interest rates: how are they calculated?

You should correct the subject to say "Country Inflation Rates". Quoting from the Wikipedia: "The measure of inflation is the inflation rate, the annualized percentage change in a general price index, usually the consumer price index, over time." "A Consumer Price Index measures changes in the price...
by CarpeDiem22
Sat Apr 06, 2019 11:04 am
Forum: Investing - Theory, News & General
Topic: Valuation Informed Indexing
Replies: 37
Views: 2251

Re: Valuation Informed Indexing

vineviz wrote:
Sat Apr 06, 2019 9:37 am
Was it?

Are you SURE this was the cause?

I think if you look back with a closer eye to the evidence you'll find something else.
If this wasn't, what was? If you don't mind me pointing to the evidence, I'll look for that something else.
by CarpeDiem22
Sat Apr 06, 2019 8:37 am
Forum: Investing - Theory, News & General
Topic: Valuation Informed Indexing
Replies: 37
Views: 2251

Re: Valuation Informed Indexing

The Nifty Fifty bubble was caused by buy-and-hold investors who did not pay attention to valuations while investing. I don't see why Bogleheads won't give rise to another such bubble, given that most Bogleheads recommend ignoring valuations while investing (although rebalancing proponents seem to ch...
by CarpeDiem22
Wed Apr 03, 2019 8:45 am
Forum: Personal Investments
Topic: Investors Fantasy Plan
Replies: 9
Views: 714

Re: Investors Fantasy Plan

Couple of issues I see: 1. Mental accounting: The source of that 200k should not be a factor in determining what you do with it - it could have come from house sale, salary accumulation or lottery - doesn't matter. However, what goal you seek with that money should be clear - is it financial indepen...
by CarpeDiem22
Sun Mar 31, 2019 2:20 am
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 15485

Re: How often do you check your net worth?

I update all my assets in my excel tracker once a month, which is how often I get paid. (I don't have any liabilities except credit card which is paid in full every month. No house.) There is a saying in health and fitness: if you cannot measure it, you cannot improve it. Tracking my Net Worth helps...
by CarpeDiem22
Sat Mar 30, 2019 2:31 am
Forum: Personal Investments
Topic: How often do you check your accounts?
Replies: 53
Views: 3158

Re: How often do you check your accounts?

I've built a small macro in my excel and I find myself clicking the Update button every weekday once. Not relevant for US investors though as it is specific to my geo.
by CarpeDiem22
Sat Mar 30, 2019 1:53 am
Forum: Investing - Theory, News & General
Topic: Almost 20 years since the S&P500 hit 1500.
Replies: 15
Views: 2174

Re: Almost 20 years since the S&P500 hit 1500.

There is no way to say 2% return is high or low without knowing the corresponding growth in index EPS. Another consideration is the change in valuations (in terms of P/E), as already mentioned. Point is: Stock market growth should be looked at along with growth in underlying business. It is quite po...
by CarpeDiem22
Sat Mar 30, 2019 1:42 am
Forum: Non-US Investing
Topic: Can Low income ppl become millionaire? [Hong Kong]
Replies: 38
Views: 2854

Re: Can Low income ppl become millionaire? [Hong Kong]

Mathematically, yes it is possible. However, I see that per capita income in Hong Kong is $43k/year. I think you have possible upside in your income, try to see if you can go for higher studies for upgrading yourself or do some professional courses. All the best. Edit: Regarding your question on bon...
by CarpeDiem22
Thu Mar 28, 2019 11:15 am
Forum: Personal Finance (Not Investing)
Topic: What's your cash position
Replies: 155
Views: 18513

Re: What's your cash position

Right now, we have around 11.5 months of normal expenses in cash (including bonds with maximum 3 months maturity, and excluding short term bonds). If we cut back and defer our vacations, this should be enough to cover about 14.5 months of expenses.
by CarpeDiem22
Thu Mar 28, 2019 10:48 am
Forum: Investing - Theory, News & General
Topic: In Search of... the Inverted Yield Curve
Replies: 78
Views: 7390

Re: In Search of... the Inverted Yield Curve

Looks like the US yield curve inverted last Friday (at least the 3mo 2yr did). Not sure if the Global Yield Curve inverted. Anyone believe this means the clock starts for a recession in 12-20 mos? You can check yield curves for different countries at this link: http://www.worldgovernmentbonds.com/ ...
by CarpeDiem22
Tue Mar 26, 2019 1:48 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3910
Views: 1118849

Re: What Book Are You Currently Reading? Part VI

With the yield curve starting to invert, I market timed my reading list and read The Great Crash of 1929 by John Kenneth Galbraith. For those who haven't read this one yet, it deals with the Great Crash of 1929-1932 and the Great Depression of the next decade. It tries to explain the causes and effe...
by CarpeDiem22
Tue Mar 19, 2019 12:01 am
Forum: Personal Investments
Topic: Allocation - No Bonds yet, but they seem like a bad deal. - 38yo
Replies: 41
Views: 2734

Re: Allocation - No Bonds yet, but they seem like a bad deal. - 38yo

There is only one rule when it comes to fixed income: Don't chase yields. (credits: Jason Zweig)
by CarpeDiem22
Sat Mar 16, 2019 9:03 am
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 810
Views: 89249

Re: That's enough for me in 2019

I felt the same way about current valuations and took below actions: 1. Decided to lower my target stock AA by 15%, as guided by Jack Bogle (tactical stock allocation change). 2. Realised that I'm currently at about 20% below my original stock target AA, so need to add 5% more. :oops: I've been stea...
by CarpeDiem22
Fri Mar 15, 2019 12:58 am
Forum: Personal Investments
Topic: What role do bonds play in your portfolio?
Replies: 75
Views: 5309

Re: What role do bonds play in your portfolio?

I just finished reading Jason Zweig's Little Book of Safe Money and here is what he has to say about bonds: "Why Buy Bonds? Historically, bonds have tended to zig when stocks have zagged — thus providing a cushion for the bone - crunching roller coaster of the stock market. During the sickening cras...
by CarpeDiem22
Mon Mar 11, 2019 5:22 am
Forum: Non-US Investing
Topic: Interesting India Index investing Query.
Replies: 5
Views: 725

Re: Interesting India Index investing Query.

There is a very stark difference in the performance of these two. The Next 50 fund outperforms the Nifty 50 by 4.3% over a period of 23 Years. Now the question is its expense is higher than Nifty 50 by .17% does it makes sense to hold buy it or buy a combination of the two. There WAS a very stark d...
by CarpeDiem22
Fri Mar 08, 2019 12:15 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3910
Views: 1118849

Re: What Book Are You Currently Reading? Part VI

City of Djinns: A Year in Delhi by William Dalrymple . The author explores modern Delhi and reconciles it with several past dynasties that have come and gone. Personally, I stayed 4 years in Delhi as a student and never realised that across the road was a 13th century Madrassa where intellectuals f...
by CarpeDiem22
Wed Mar 06, 2019 12:03 am
Forum: Non-US Investing
Topic: International investing [Resident Indian]
Replies: 7
Views: 595

Re: International investing [Resident Indian]

unclescrooge wrote:
Tue Mar 05, 2019 11:33 pm
The sp500 is the benchmark, but the fund itself is actively managed for more than twice the fee.

I would split the difference and invest in both.
Thanks. I've been focusing on simplifying my portfolio and the thought of investing in both never crossed my mind. :D
by CarpeDiem22
Tue Mar 05, 2019 11:27 pm
Forum: Non-US Investing
Topic: International investing [Resident Indian]
Replies: 7
Views: 595

Re: International investing [Resident Indian]

Isn't there a passive S&P500 ETF? Sadly for me, no, not locally-domiciled. We all feel quite secure most of the time with our diversified ETFs. I used to own QQQ (=Nasdaq 100). Then came the dotcom fiasco. Lost 60% in a few days. Do not get too comfortable! Fiascos will ALWAYS happen. Luckily at th...
by CarpeDiem22
Tue Mar 05, 2019 1:03 am
Forum: Non-US Investing
Topic: International investing [Resident Indian]
Replies: 7
Views: 595

International investing [Resident Indian]

Note: I am a resident Indian wanting to invest outside India. Note 2: I am avoiding Interactive brokers and Feeder funds due to high cost for the amount I have for investing. After about 2 years of buy-and-hold investing experience under my belt, I have decided to get some international exposure thr...
by CarpeDiem22
Sat Feb 23, 2019 9:01 am
Forum: Investing - Theory, News & General
Topic: When do you notice the compounding at work?
Replies: 137
Views: 28013

Re: When do you notice the compounding at work?

I realized that the daily ups and downs I see in my portfolio easily exceed my daily salary (monthly salary/30). That may be low threshold for most on this forum, but still seems like I've crossed a step.
by CarpeDiem22
Sat Feb 23, 2019 8:54 am
Forum: Investing - Theory, News & General
Topic: Does investing actually help a company ?
Replies: 46
Views: 3138

Re: Does investing actually help a company ?

Retail buying helps drive the stock price up. How that helps: (as per what I've learned from my limited experience at my small cap org) 1. It helps shareholders stay confident about return on their capital. If price stays bad for a couple of years, CEO's job is at high risk. 2. If fresh equity is to...
by CarpeDiem22
Sat Feb 23, 2019 8:25 am
Forum: Non-US Investing
Topic: Low salary help needed [Europe]
Replies: 14
Views: 1623

Re: Low salary help needed [Europe]

2. Plan for an absolute amount of expenditure is something I never understand. What if you end up spending only 15k in 11 months. The last month you'll force yourself to spend 7k to get to 22k expenditure for the year? Without an idea of expenditure, how exactly is retirement planning possible and ...
by CarpeDiem22
Fri Feb 22, 2019 10:39 am
Forum: Non-US Investing
Topic: Low salary help needed [Europe]
Replies: 14
Views: 1623

Re: Low salary help needed [Europe]

I'm sorry, but this raises alarm bells for me. 1. Relative to USA, I agree salaries are low in Romania but so are the expenses. Spending 22k EUR in Romania is equivalent to spending 51.4k USD in US in PPP terms. 2. Plan for an absolute amount of expenditure is something I never understand. What if y...
by CarpeDiem22
Tue Feb 19, 2019 1:02 pm
Forum: US Chapters
Topic: How many bogleheads do you know in real life?
Replies: 130
Views: 9336

Re: How many bogleheads do you know in real life?

Like Klangfool above, I come from a culture where saving 30%+ of income is not unusual. So, I know a lot of people who are LBYM. But almost no one is a Boglehead when it comes to investing. People usually try to swing for the fences and active funds rule with very few indexers (in part due to the li...
by CarpeDiem22
Sun Feb 17, 2019 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Being content with your finances
Replies: 106
Views: 8876

Re: Being content with your finances

OP You exactly describe how I've been feeling for last few months. My main goal is to be FI by 45 (I am 32 currently) and I think my dissatisfaction comes from not being able to control the stock market (who knew!). It is quite discouraging to save well every month but see only slight increase in ne...
by CarpeDiem22
Sun Feb 10, 2019 5:53 am
Forum: Investing - Theory, News & General
Topic: Sovereign bond returns
Replies: 2
Views: 318

Re: Sovereign bond returns

It would be logical to think that if a country is prone to sovereign defaults, it has to pay higher interest to attract investors. Not surprising I'd say.
by CarpeDiem22
Mon Feb 04, 2019 1:47 pm
Forum: Personal Consumer Issues
Topic: Phone upgrade:Battery or Phone
Replies: 8
Views: 786

Re: Phone upgrade:Battery or Phone

I got my Moto G4 Plus battery replaced last week (thanks to the advice on this forum). Phone is more than 2 years old but works like a charm now. For you, battery should be available at official service stores. Please note that using non-standard charger is what my be causing your battery issue in t...
by CarpeDiem22
Fri Feb 01, 2019 12:30 pm
Forum: Forum Issues and Administration
Topic: Welcome to the new forum layout
Replies: 54
Views: 7311

Re: Welcome to the new forum layout

Thanks for the changes. I hope manual classification of ALL posts into US and non-US does not take up too much of moderator time. What separates this forum from the rest is high quality of moderatorship and I hope that does not get diluted.
by CarpeDiem22
Mon Jan 28, 2019 1:05 am
Forum: Investing - Theory, News & General
Topic: Unconventional investment choices
Replies: 86
Views: 7400

Re: Unconventional investment choices

100% of my equity exposure is in emerging market - my home-country specifically. Reasons: No Vanguard, tax laws discourage international investing, Interactive brokers too costly for the amounts that I have to invest.
by CarpeDiem22
Fri Jan 18, 2019 7:10 am
Forum: Investing - Theory, News & General
Topic: Tributes to Jack Bogle
Replies: 158
Views: 16753

Re: Tributes to Jack Bogle

Tribute to Mr. Bogle in India (where Vanguard doesn't have any footprint): https://www.livemint.com/Companies/in8iu7snnlC2GHEK9ujIsI/Jack-Bogle-death-obituary-Vanguard-500-index-mutual-fund.html When Warren Buffet said that Jack Bogle has done the most for American investors, he was a little incorre...
by CarpeDiem22
Wed Jan 16, 2019 11:17 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 53614

Re: John Bogle has died at age 89

Thank you Mr. Bogle for all you did. May your soul rest in peace.
by CarpeDiem22
Mon Jan 14, 2019 7:36 am
Forum: Investing - Theory, News & General
Topic: Did you ever "win" big?
Replies: 133
Views: 10121

Re: Did you ever "win" big?

In 2010, at 23 years old, I invested 110 dollars in a small cap company that was going up and down. By the time stock hit my account after T+2 settlement period, it had gone up by 50%. I sold the same day earning 55 dollars in 3 days. So 50% return in 3 days is the only "big" win I have had in indiv...