Search found 871 matches

by AerialWombat
Sun Oct 20, 2019 11:40 pm
Forum: Personal Consumer Issues
Topic: Use of online teaching platforms for income?
Replies: 3
Views: 555

Re: Use of online teaching platforms for income?

This is more or less my “day job” business. I create very niched continuing education courses for lawyers and CPAs. It started as a side hustle, and eventually spun off what is now a seven-figure tech startup and a high six figure training/publishing business. The biggest advice I can give you is to...
by AerialWombat
Sun Oct 20, 2019 6:29 pm
Forum: Personal Consumer Issues
Topic: Help me find some high quality cargo pants.
Replies: 63
Views: 5465

Re: Help me find some high quality cargo pants.

It seems the term "cargo pants" means different things to people of different generations.... :D https://upload.wikimedia.org/wikipedia/commons/c/cd/Cargo_pants_001.jpg An example of the original meaning....probably not what most people wear to work. These are basically what I wear every single day...
by AerialWombat
Sat Oct 19, 2019 10:42 pm
Forum: Personal Consumer Issues
Topic: Wallets [Do you carry a wallet?]
Replies: 102
Views: 8222

Re: Wallets [Do you carry a wallet?]

For most of my life, I carried ID and one credit/debit card rubber banded together. Switched to a wallet a few years ago, it’s mostly empty but I find it more convenient than replacing rubber bands.

I would never do the cell phone wallet thing, for same reason others mentioned.
by AerialWombat
Sat Oct 19, 2019 6:24 pm
Forum: Investing - Theory, News & General
Topic: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle
Replies: 36
Views: 2368

Re: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle

I’d be happy to pay the $60 to have Rev.com professionally transcribe an episode. Are there others willing to do likewise for the other 13?
by AerialWombat
Sat Oct 19, 2019 9:46 am
Forum: Personal Finance (Not Investing)
Topic: For those who are FI: At what point did you begin to relax?
Replies: 76
Views: 10195

Re: For those who are FI: At what point did you begin to relax?

I grew up in poverty, and have spent several years of my adult life homeless. I’m two months away from pulling the rip cord to semi-retirement, and I will never relax. I have seven different income streams, each of which can independently support me, and I still worry. It will never change, even aft...
by AerialWombat
Fri Oct 18, 2019 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Homebuyer wants me to do a 1031 exchange. Um, what?
Replies: 81
Views: 8512

Re: Homebuyer wants me to do a 1031 exchange. Um, what?

I'm selling a home. It's under contract and we are supposed to close in about a week. Today the buyer said he wants me to sign an "Exchange Addendum" which states that he intends to purchase the home as structured under Section 1031 of the Internal Revenue Code. Even after some googling, I don't re...
by AerialWombat
Thu Oct 17, 2019 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: What percent of net worth should a persons house be?
Replies: 141
Views: 10331

Re: What percent of net worth should a persons house be?

I think this is a perfectly valid question, if one is a real estate investor. Every house I buy to live in is really just a future rental property — I have no “permanent” primary residence. I also have a target ratio between real estate equity and other investments. If I was living like a normal per...
by AerialWombat
Thu Oct 17, 2019 11:15 pm
Forum: Personal Consumer Issues
Topic: Why so many iPhones??? Why did you pick it? Why do you upgrade it?
Replies: 156
Views: 10021

Re: Why so many iPhones??? Why did you pick it? Why do you upgrade it?

I just don’t get why people are so exasperated over what people spend.... ....This means I spend between on average $2,325/yr and $3,300/yr to make sure that 50%+ of my life is luxurious. I think this is rather cheap! This is a really good way of looking at things. I like this thought process. Than...
by AerialWombat
Thu Oct 17, 2019 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Handling a substantial salary increase - suggestions?
Replies: 27
Views: 3742

Re: Handling a substantial salary increase - suggestions?

My net income doubled each year for the previous four years. It’s a shock to the system if you’re not prepared for it. Since you’re coming from a .gov job, spend some time familiarizing yourself with every available retirement account option you now have. Understand your 401k plan and fund choices, ...
by AerialWombat
Thu Oct 17, 2019 3:42 pm
Forum: Personal Investments
Topic: How to handle 5M capital gain (post-IPO)
Replies: 118
Views: 11627

Re: How to handle 5M capital gain (post-IPO)

And unlike the OP, once I hit my magic number, I'm dropping off the face the Earth and vanishing into the ether. I ain't stickin' 'round fer nuthin'. 10 years ago I hired a wealthy friend who wanted to help me with an interesting problem. Someone told him, "If I had your money, I'd be on a beach so...
by AerialWombat
Thu Oct 17, 2019 1:57 pm
Forum: Personal Investments
Topic: How to handle 5M capital gain (post-IPO)
Replies: 118
Views: 11627

Re: How to handle 5M capital gain (post-IPO)

Hard to say what you'd do until you are in the actual situation but I could see it being a horseshoe curve for me. If it is worth 1/2 of the amount I need for FIRE I could see myself wanting to sell ~1/2 and let the rest ride a bit in hopes of achieving FIRE with it. If it is close to or just over ...
by AerialWombat
Wed Oct 16, 2019 5:07 pm
Forum: Personal Consumer Issues
Topic: Why so many iPhones??? Why did you pick it? Why do you upgrade it?
Replies: 156
Views: 10021

Re: Why so many iPhones??? Why did you pick it? Why do you upgrade it?

What boggles my mind is the discussions of products, like the iPhone, here when there are dedicated forums with product experts on them. But of course opinions from 23 people make all the difference? I don't get it. This entire forum is 90+% "what x should I buy". I don't get how you don't this. La...
by AerialWombat
Wed Oct 16, 2019 5:04 pm
Forum: Personal Consumer Issues
Topic: Why so many iPhones??? Why did you pick it? Why do you upgrade it?
Replies: 156
Views: 10021

Re: Why so many iPhones??? Why did you pick it? Why do you upgrade it?

I was already an Apple computer user when the first iPhone came out, so when I finally decided to get a smartphone, Apple was the obvious choice. My first was a used 3G, eventually replaced by a new 4S only because the 3G simply stopped turning on. The 4S got stolen a few months after purchase. I th...
by AerialWombat
Wed Oct 16, 2019 4:41 pm
Forum: Personal Investments
Topic: How to handle 5M capital gain (post-IPO)
Replies: 118
Views: 11627

Re: How to handle 5M capital gain (post-IPO)

Because I'm involved in a multi-year project that I feel personally committed to seeing through Perfectly understandable. You know what's important to you. In that case, I would suggest immediately selling off enough to get it down to whatever percentage of your portfolio you're comfortable still h...
by AerialWombat
Wed Oct 16, 2019 2:38 pm
Forum: Personal Investments
Topic: How to handle 5M capital gain (post-IPO)
Replies: 118
Views: 11627

Re: How to handle 5M capital gain (post-IPO)

fluter wrote:
Tue Oct 15, 2019 11:26 pm
(Moving to a lower tax state is not a possibility for the next few years.)
Why not?

You never have to work another day in your life, as long as you manage this money properly. So quit your job and move.
by AerialWombat
Tue Oct 15, 2019 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage for vacation property in Colorado
Replies: 8
Views: 948

Re: Mortgage for vacation property in Colorado

Check out First Bank in Colorado. Recently did a loan with them, great experience, wide range of portfolio loan products.

I’m at 4.25% on my second home in CO, but not a jumbo.
by AerialWombat
Tue Oct 15, 2019 11:04 pm
Forum: Personal Investments
Topic: More than one Investment Company
Replies: 21
Views: 1473

Re: More than one Investment Company

Let’s see...

Vanguard
Fidelity
E-Trade
Discover
3 credit unions
one big commercial bank
CHESS (Australia)
mortgages at 5 different lenders

There will definitely come a day when I won’t want this level of complexity, especially considering how little I actually have.
by AerialWombat
Tue Oct 15, 2019 10:51 pm
Forum: Personal Consumer Issues
Topic: Where to stay in Maui?
Replies: 24
Views: 2010

Re: Where to stay in Maui?

There is a vibrant, fun little hostel in Wailuku called Banana Bungalow. Stayed a week there a few years ago, and I was far from being the oldest one there. Great activity schedule with daily organized outings if you want, and easy on the budget.
by AerialWombat
Tue Oct 15, 2019 8:18 pm
Forum: Investing - Theory, News & General
Topic: Bank of America declares 'the end of the 60-40' standard portfolio
Replies: 88
Views: 15202

Re: Bank of America declares 'the end of the 60-40' standard portfolio

vineviz wrote:
Tue Oct 15, 2019 3:33 pm
A real, inflation-adjusted return of 0% over the next decade for such a portfolio is entirely possible and maybe even likely.
Say whaaaat? I thought nobody knows nothin’. Do you know something? :)
by AerialWombat
Mon Oct 14, 2019 11:21 am
Forum: Personal Investments
Topic: How much to hold in cash?
Replies: 54
Views: 8083

Re: How much to hold in cash?

I am still accumulating, have been destitute and homeless before, run a business, and have rental properties. I like having a lot of cash sitting around to pay every bill well ahead of time, cover nearly any property calamity, and have a psychological safety blankie. At any given time, I have about ...
by AerialWombat
Mon Oct 14, 2019 11:13 am
Forum: Personal Consumer Issues
Topic: How much do you spend on dry cleaning?
Replies: 27
Views: 1521

Re: How much do you spend on dry cleaning?

I refuse to own clothing I can’t machine wash.
by AerialWombat
Mon Oct 14, 2019 11:04 am
Forum: Personal Consumer Issues
Topic: How much do you spend on clothing?
Replies: 38
Views: 2632

Re: How much do you spend on clothing?

I spend $100 every year to buy the exact same pair of shoes, and maybe another $50-$100 if I need to replace one of my three shirts or two pair of pants. Most days I literally am just in undershirt and underwear, since I work from home. When I speak at a seminar, it’s just whatever I throw on, becau...
by AerialWombat
Mon Oct 14, 2019 10:53 am
Forum: Investing - Theory, News & General
Topic: REITs or investment property?
Replies: 70
Views: 5082

Re: REITs or investment property?

REITs. My REIT funds won't call me at 3 a.m. to report a plugged toilet. My tenants don’t call me, either. They call the people I pay to take that call. but then paying others reduces your profits. And in the event the people you pay to take the calls don't do as good a job as you would, or you wou...
by AerialWombat
Mon Oct 14, 2019 10:38 am
Forum: Investing - Theory, News & General
Topic: REITs or investment property?
Replies: 70
Views: 5082

Re: REITs or investment property?

nedsaid wrote:
Mon Oct 14, 2019 10:21 am
REITs. My REIT funds won't call me at 3 a.m. to report a plugged toilet.
My tenants don’t call me, either. They call the people I pay to take that call.
by AerialWombat
Mon Oct 14, 2019 10:17 am
Forum: Investing - Theory, News & General
Topic: REITs or investment property?
Replies: 70
Views: 5082

Re: REITs or investment property?

Sandtrap wrote:
Mon Oct 14, 2019 9:43 am
Search past threads (lots of them) on REIT's.
You and I should just team up and write The Bogleheads Guide to Real Estate Investing. 8-)
by AerialWombat
Mon Oct 14, 2019 10:15 am
Forum: Investing - Theory, News & General
Topic: REITs or investment property?
Replies: 70
Views: 5082

Re: REITs or investment property?

Total Market funds are composed of companies who own real estate. That's as much real estate exposure as I need. But then you are drastically underweight on the single largest asset class in the world. The market value of US residential real estate is about $30 trillion, commercial another $5 or $6...
by AerialWombat
Sun Oct 13, 2019 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Home Buying Advice
Replies: 15
Views: 1690

Re: Home Buying Advice

Chy wrote:
Sun Oct 13, 2019 12:26 am
You’re going to live on $30k per year?
He’s already doing exactly that.
by AerialWombat
Sun Oct 13, 2019 4:16 am
Forum: Personal Finance (Not Investing)
Topic: Home Buying Advice
Replies: 15
Views: 1690

Re: Home Buying Advice

Small world — I was recently in your town looking at houses right across the street from where you work. I really like that neighborhood, and you sure get more house for your dollar than in Cheyenne. Kudos for your high savings rate. You shouldn’t have any problems qualifying for the mortgage, assum...
by AerialWombat
Sat Oct 12, 2019 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 84
Views: 9954

Re: Refinance Mega Thread

I'm looking to take $170k from a rental property I own outright and occupy. This is to buy another property I plan to live in. I want the mortgage in my rental property, not my personal residence. Investment property loan rates are usually around half a percent higher or so than owner occupant loan...
by AerialWombat
Sat Oct 12, 2019 2:20 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12340
Views: 2130718

Re: U.S. stocks in free fall

30/70 AA? Come on! That's like floating down the lazy river. No fun at all. Come to the roller coaster and have fun!!! We are all about that life! 100% or nothing. For the public securities portion of my portfolio, I’m content with the lazy river. I get more than enough heartburn in private equity ...
by AerialWombat
Sat Oct 12, 2019 12:48 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone used Solo401k.com?
Replies: 6
Views: 512

Re: Has anyone used Solo401k.com?

When I was researching all this last year, I ultimately found no reason to use a company like this. I have zero interest in holding any of my real estate inside the 401k, so didn’t need the self-directed feature. I went with E-Trade for my solo 401k account. There are no fees, and they permit all th...
by AerialWombat
Sat Oct 12, 2019 12:26 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 84
Views: 9954

Re: Refinance Mega Thread

I'm looking to take $170k from a rental property I own outright and occupy. This is to buy another property I plan to live in. I want the mortgage in my rental property, not my personal residence. Investment property loan rates are usually around half a percent higher or so than owner occupant loan...
by AerialWombat
Fri Oct 11, 2019 10:51 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12340
Views: 2130718

Re: U.S. stocks in free fall

The free fall thread needed some love today, so... I don’t think today’s intraday uptick will last. Even the idea that vague “news” items can push the S&P500 up by 1.6% in a single morning helps reinforce the notion that my 30/70 AA is the right choice. I get to avoid most of this roller coaster rid...
by AerialWombat
Fri Oct 11, 2019 12:36 am
Forum: Investing - Theory, News & General
Topic: Fidelity to $0 Commissions
Replies: 86
Views: 8994

Re: Fidelity to $0 Commissions

Ferdinand2014 wrote:
Thu Oct 10, 2019 1:05 pm
Next thread is when someone offers to pay you to trade.
WeTrade? :shock:

That’s a scary thought, actually.
by AerialWombat
Thu Oct 10, 2019 12:42 am
Forum: Personal Consumer Issues
Topic: Do you carry your passport with you during international travel?
Replies: 110
Views: 9560

Re: Do you carry your passport with you during international travel?

Theoretically possible to have a second passport, but in almost all cases it just isn’t going to happen. I’m on my 3rd one, and I know quite a few other people that have one. If you’re a frequent international traveler and/or visit countries that require you to send your physical passport to a cons...
by AerialWombat
Thu Oct 10, 2019 12:36 am
Forum: Personal Consumer Issues
Topic: Do you carry your passport with you during international travel?
Replies: 110
Views: 9560

Re: Do you carry your passport with you during international travel?

spectec wrote:
Wed Oct 09, 2019 10:19 pm
Well, you can always go to the source...

https://www.us-passport-service-guide.c ... sport.html
For the record, this link does NOT go to a government website. This is a commercial service provider.

The information does appear accurate, however.
by AerialWombat
Wed Oct 09, 2019 8:29 pm
Forum: Personal Consumer Issues
Topic: Do you carry your passport with you during international travel?
Replies: 110
Views: 9560

Re: Do you carry your passport with you during international travel?

After having my bag stolen on a train overseas several years ago, with my passport and everything else in it, I started to carry TWO passports. One (primary) stays in my pants in transit, the other in the bag. When checked in to lodging, I carry the backup passport around with me, and leave the prim...
by AerialWombat
Wed Oct 09, 2019 11:52 am
Forum: Personal Finance (Not Investing)
Topic: What are the essential and discretionary expenses in a retirement budget?
Replies: 110
Views: 6701

Re: What are the essential and discretionary expenses in a retirement budget?

So, do you have a separate internal considerations for essential and discretionary expenses? Do you have a plan to reduce spending if your portfolio is in trouble? I do, yes. But my definition is likely vastly different than your definition, as several other posters have mentioned. For me, “essenti...
by AerialWombat
Wed Oct 09, 2019 11:32 am
Forum: Personal Finance (Not Investing)
Topic: What are the essential and discretionary expenses in a retirement budget?
Replies: 110
Views: 6701

Re: What are the essential and discretionary expenses in a retirement budget?

Once you own a house, you may be stuck with its costs far longer than you hoped or planned. Yes, you can move to a LCOL, downsize, live in a yurt. However, until you actually sell the former home, you have its expenses. You can just walk away from the house. Give it back to the bank (deed in lieu o...
by AerialWombat
Mon Oct 07, 2019 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: What are the essential and discretionary expenses in a retirement budget?
Replies: 110
Views: 6701

Re: What are the essential and discretionary expenses in a retirement budget?

Virtually none of the things you list are "essential", as you yourself note. They are just "wants". There is no black & white when it comes to spending. Sure, we all need a place to live. But living in that house in that neighborhood, which costs $10,000 a year, isn't "essential" in any normal sens...
by AerialWombat
Sun Oct 06, 2019 1:12 pm
Forum: Investing - Theory, News & General
Topic: Michael Kitces investment strategy -- opinions?
Replies: 48
Views: 4334

Re: Michael Kitces investment strategy -- opinions?

Here is a chart from one of his papers https://www.tfginvest.com/wp-content/uploads/Jan2015chart1.jpg Soooooo.... If I start at 30/70, my AA, and stay there, I have a 94.3% historic chance of success at 4% withdrawal rate. That’s what this is telling me? That’s good enough for planning purposes. I ...
by AerialWombat
Sun Oct 06, 2019 6:03 am
Forum: Personal Consumer Issues
Topic: Salt-Free Water Softeners
Replies: 42
Views: 3297

Re: Salt-Free Water Softeners

I'm looking into salt-free water softeners to save on space. There are dozens of options, and I've become overwhelmed. Does anyone have a salt-free water softener that they recommend? I am really attracted to the SpringWell FutureSoft, but can't find reviews anywhere! Help would be much appreciate....
by AerialWombat
Sat Oct 05, 2019 8:22 pm
Forum: Personal Consumer Issues
Topic: Preparing for 25% tariff on Scotch
Replies: 39
Views: 4602

Re: Preparing for 25% tariff on Scotch

I am most certainly stocking up. Just received a beautiful gift of Balvenie Port Wood. Gonna stock up on ye olde Laphroaig and Glenlivet tomorrow.

Unlike jello nailer, I will keep it classy while the ship is burning. :mrgreen:
by AerialWombat
Sat Oct 05, 2019 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Finance or Accounting Degree?
Replies: 81
Views: 5720

Re: Finance or Accounting Degree?

I would suggest accounting, if those are the two options. Accounting is the “language” of business. Understanding that language will provide your son broader career opportunities. Finance can be easily added on top of the accounting — a minor, grad certificate, Masters, etc. It’s much more difficult...
by AerialWombat
Sat Oct 05, 2019 2:17 am
Forum: Personal Finance (Not Investing)
Topic: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?
Replies: 289
Views: 22320

Re: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?

I disagreed. The fastest path to wealth is high income with zero living expenses. Aka, being an ex-pat where all the living expenses and sometimes income taxes are paid by the employer. In those cases, it won't matter where you live. That’s definitely one way to get ahead! Good gig if you can get i...
by AerialWombat
Fri Oct 04, 2019 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?
Replies: 289
Views: 22320

Re: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?

I admittedly didn’t read the entire thread, but what I saw missing — aside from remote workers — is a discussion about being high income in a low cost area. I personally think that’s the fastest path to wealth. I started my software company in Seattle in 2015, and got the heck outta dodge in early 2...
by AerialWombat
Fri Oct 04, 2019 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Side income ideas for a non-lawyer JD holder?
Replies: 30
Views: 2133

Re: Side income ideas for a non-lawyer JD holder?

This answers a question from above as well, I'm actually licensed in California. (took and passed bar) How do you feel about tax law? Tax controversy representation is very financially rewarding. Most of the work is procedural and boring, but that makes it a perfect side hustle. If you’re admitted ...
by AerialWombat
Thu Oct 03, 2019 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 14108

Re: Willingly going from lucrative job to unemployed?

Congrats, you have won the game.

You’re FI, so RE.

Most Bogleheads despise the FIRE concept. But it’s your life. If you want to quit and travel the world, do it!

I spent three years of my mid-30’s traveling, and I don’t regret it for a second. In fact, I miss it.

YOLO.
by AerialWombat
Thu Oct 03, 2019 6:55 pm
Forum: Investing - Theory, News & General
Topic: E-Trade joins the party $0 commission
Replies: 37
Views: 3493

Re: E-Trade joins the party $0 commission

So I’ll save $4.95 a month when I make my monthly buy in my solo 401k at E-Trade.

Yee. Haw.