Search found 36 matches

by Laika
Mon Aug 12, 2019 11:15 am
Forum: Personal Investments
Topic: Any reason not to max out three plans?
Replies: 46
Views: 3095

Re: Any reason not to max out three plans?

The potential tax consequences down the road shouldn't be turned into a huge issue so long as you have enough savings to live a satisfying, worry-free life. If you are a Boglehead who is wealthy enough to have significant 401k, etc., savings, you likely also have significant non-advantaged savings. ...
by Laika
Fri Aug 09, 2019 8:59 pm
Forum: Investing - Theory, News & General
Topic: Why do dividends still exist?
Replies: 204
Views: 11805

Re: Why do dividends still exist?

bhsince87 wrote:
Fri Aug 09, 2019 8:43 pm
hungrywave wrote:
Fri Aug 09, 2019 5:32 pm
Why didn’t Apple Pay a dividend and instead did a buyback?
Apple does pay a dividend.
They do both, partly to appease investors looking for dividends, and arguably partly to try to control its stock price.
by Laika
Fri Aug 09, 2019 8:51 pm
Forum: Investing - Theory, News & General
Topic: Why do dividends still exist?
Replies: 204
Views: 11805

Re: Why do dividends still exist?

...Buffett and company absolutely love investing in companies that pay dividends, no matter what they claim... A real question, not rhetorical. Do Buffett and company also love investing in companies that perform buybacks? If not, what do they think the difference is and why do they think it matter...
by Laika
Fri Aug 09, 2019 7:58 pm
Forum: Investing - Theory, News & General
Topic: Why do dividends still exist?
Replies: 204
Views: 11805

Re: Why do dividends still exist?

There are some missing financial concepts that needs to be invented/popularized for dividends to get fully replaced by buybacks. I have doubts that a full replacement is practical. You can imagine automating sales after buy-backs to simulate dividends with the advantage of capital gains tax rates (...
by Laika
Fri Aug 09, 2019 7:03 pm
Forum: Investing - Theory, News & General
Topic: Why do dividends still exist?
Replies: 204
Views: 11805

Re: Why do dividends still exist?

In what way is a dividend “guaranteed”? Because it actually wound up in your bank account! :D Of course, future dividends can be cut or eliminated, just as companies can go bankrupt, laying waste your entire investment if you were counting only on capital gains. The point, again, is that ALL compan...
by Laika
Fri Aug 09, 2019 6:55 pm
Forum: Personal Consumer Issues
Topic: Upgrading a PC, am I spending too much in too little time?
Replies: 35
Views: 2604

Re: Upgrading a PC, am I spending too much in too little time?

My questions: - If I kept the HDD connecting while making the SSD the primary drive, would the connecting HDD slow down the entire machine just by being connecting? - Is it really worth it to spend around $150 for a 1 Terabyte SSD, given that there were cheaper options (i.e: Crucial) in the market ...
by Laika
Fri Aug 09, 2019 6:19 pm
Forum: Investing - Theory, News & General
Topic: Why do dividends still exist?
Replies: 204
Views: 11805

Re: Why do dividends still exist?

I hear the "cap gains and dividends are ultimately the same" and the "cap gains are taxed advantageously" crowds, and these notions have truth to them. But taking advantage of them cannot be done in an entirely passive fashion. But ultimately, like everything else, all companies eventually die too, ...
by Laika
Sun Jul 14, 2019 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 205
Views: 32838

Re: Millionaire by 40 and How you Did it?

Oooh, another opportunity to humble-brag! This board is a goldmine! :happy The usual, in my case: Working like mad (modest career plus consulting gigs), saving like mad (50% per year, typically), some luck, and some (non-financial) help from others. People sometimes fancy the words "self made" when ...
by Laika
Fri Jul 12, 2019 3:02 pm
Forum: Personal Consumer Issues
Topic: Should I Buy a Motorcycle?
Replies: 59
Views: 2926

Re: Should I Buy a Motorcycle?

I learned to drive on a motorcycle, and my last bike was a Ducati 900 SS/SP. Soon after buying that last bike I came to my senses: While tons of fun, riding a motorcycle is just too dangerous. It doesn't matter how well trained or prepared you are, since the greatest risks are typically from other d...
by Laika
Fri Jun 28, 2019 11:34 am
Forum: Investing - Theory, News & General
Topic: Hitting Critical Mass and then dealing with those feelings of Surreal
Replies: 51
Views: 6672

Re: Hitting Critical Mass and then dealing with those feelings of Surreal

Over the last 10 years, I too have experienced times during which my investment gains completely swamped my middle-class income and spending (and quite the opposite!), and wondered what it meant. But then I remind myself that: * Most of the biggest gains were speculative and could evaporate just as ...
by Laika
Wed Jun 26, 2019 3:38 pm
Forum: Personal Consumer Issues
Topic: Am I falling into the trap of judging everything through cost lens?
Replies: 51
Views: 4810

Re: Am I falling into the trap of judging everything through cost lens?

I fly business with my own funds except for short hops. If I get a fully lie-flat bed on a long-haul flight, I'm happy, and I'll gladly pay extra for that. I also stay at nicer hotels and so on. On the other hand, I'm rather frugal in general, and too often I feel angst when spending money even when...
by Laika
Sun Jun 16, 2019 3:43 pm
Forum: Personal Consumer Issues
Topic: I'm thinking about buying a supercar anyone here done this and feedback?
Replies: 241
Views: 14369

Re: I'm thinking about buying a supercar anyone here done this and feedback?

Looking good! Congratulations! And welcome to the club. :D
by Laika
Sat Jun 15, 2019 7:14 pm
Forum: Personal Consumer Issues
Topic: I'm thinking about buying a supercar anyone here done this and feedback?
Replies: 241
Views: 14369

Re: I'm thinking about buying a supercar anyone here done this and feedback?

Pretty sure most people by Ferrari’s and Lamborghinis to show off and not to drive them on the track. Pretty sure most people own cheaper cars that are orders of magnitude more common, and so that's why you see so many more. (Also, owners of exotic marques often stage their own exclusive track days.)
by Laika
Sat Jun 15, 2019 6:51 pm
Forum: Personal Consumer Issues
Topic: I'm thinking about buying a supercar anyone here done this and feedback?
Replies: 241
Views: 14369

Re: I'm thinking about buying a supercar anyone here done this and feedback?

Yeah, that facelift is nice! I decided to go with the 2017 white one though. We'll see if I get buyers remorse in a few weeks for not getting the 2019 with the facelift lol ;). The 2019 with the same options as the white one would end up being around $213k or about 60k more than the 2017. As far as...
by Laika
Sat Jun 15, 2019 6:19 pm
Forum: Personal Consumer Issues
Topic: I'm thinking about buying a supercar anyone here done this and feedback?
Replies: 241
Views: 14369

Re: I'm thinking about buying a supercar anyone here done this and feedback?

Alright! I was able to test drive a local R8 V10 Plus and it's the car - 100%. You do know that the R8 was just face-lifted, right? The cars you show in the photos are the previous generation ones. The original R8 is, to many people's eyes, the most elegant and best looking of the series (and they ...
by Laika
Mon Jun 10, 2019 11:46 am
Forum: Personal Consumer Issues
Topic: I'm thinking about buying a supercar anyone here done this and feedback?
Replies: 241
Views: 14369

Re: I'm thinking about buying a supercar anyone here done this and feedback?

I've owned a bunch of highly desired cars and driven most of the cars mentioned in this thread. My strongest advice is to consider "supercars" that are fun to drive normally on the street, vs. a car that is too fragile, uncomfortable, compromised and even dangerous on the street. My personal criteri...
by Laika
Sat Jun 08, 2019 4:46 pm
Forum: Personal Investments
Topic: Moving from Rat Race to FIRE, Near All-Time Highs (Best Way to Invest Account Sitting in 100% Cash)
Replies: 35
Views: 6212

Re: Moving from Rat Race to FIRE, Near All-Time Highs (Best Way to Invest Account Sitting in 100% Cash)

you DON'T LOSE A DOLLAR IN A DOWNTURN UNLESS YOU SELL. Who would say that a 10 year old beater car hasn't lost value just because it hasn't been sold yet? While I don’t necessarily agree with Russ, you analogy is unworkable. The stock market has real earnings and real growth. Your used car has neit...
by Laika
Sat Jun 08, 2019 4:30 pm
Forum: Personal Investments
Topic: Moving from Rat Race to FIRE, Near All-Time Highs (Best Way to Invest Account Sitting in 100% Cash)
Replies: 35
Views: 6212

Re: Moving from Rat Race to FIRE, Near All-Time Highs (Best Way to Invest Account Sitting in 100% Cash)

you DON'T LOSE A DOLLAR IN A DOWNTURN UNLESS YOU SELL. I generally agree with the comments in this thread, except for this point. Who would say that a 10 year old beater car hasn't lost value just because it hasn't been sold yet? No, it's only worth what someone else will pay for it - the same as f...
by Laika
Mon Jun 03, 2019 4:49 pm
Forum: Personal Consumer Issues
Topic: Reliable Wireless Mouse?
Replies: 31
Views: 1553

Re: Reliable Wireless Mouse?

I doubt I'd buy another Logitech. The one I have (not sure which) has an absurdly unbalanced scroll wheel that won't stay put. It almost always scrolls away on its own from the point at which I stop it.

I'm therefore also looking for a new mouse ... but one which has a finely-balanced scroll wheel.
by Laika
Thu May 23, 2019 12:11 pm
Forum: Personal Consumer Issues
Topic: Why it doesn't matter if Tesla survives
Replies: 21
Views: 1971

Re: Why it doesn't matter if Tesla survives

That isn't remotely auto companies goals. They don't care if the car is an ice, ev, hybrid, natural gas, h2 or some other tech. Their goal is to sell cars that make them profits. Certainly. And to make a profit they have to recoup their investment in ICE vehicles, e.g. their diesels and newer turbo...
by Laika
Thu May 23, 2019 11:04 am
Forum: Personal Consumer Issues
Topic: Why it doesn't matter if Tesla survives
Replies: 21
Views: 1971

Re: Why it doesn't matter if Tesla survives

I'm not an "I don't know and I don't care" type, but here's one reason we should care: Most big car manufacturers have thus-far treated electric vehicles as a "go slow" project. They make a product (not necessarily a profitable one) that tests the waters and lays some ground-work for the future, but...
by Laika
Tue May 21, 2019 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need "own" occupation disability insurance (professor)?
Replies: 8
Views: 779

Re: Do I need "own" occupation disability insurance (professor)?

Being a Professor, you are likely spoiled enough by the working conditions (except for dealing with those "mentally handicapped" colleagues :wink: ) that any kind of normal 9-5 job would be painful. Regardless, this is one of those "Pascal's wager" questions. Insurance that only kicks in if you have...
by Laika
Tue May 21, 2019 1:59 pm
Forum: Personal Consumer Issues
Topic: Computer speed question which computer is faster and why?
Replies: 22
Views: 1562

Re: Computer speed question which computer is faster and why?

Do yourself a favor and get the SSD. An SSD works miracles on the feeling of a computer's speed. An SSD as a boot drive (your computer's first, main, drive), even a relatively small one, is especially valuable. Spinning disks are (or should be) obsolete except for storing huge amounts of rarely-used...
by Laika
Wed May 15, 2019 4:38 pm
Forum: Investing - Theory, News & General
Topic: I can't believe I am thinking this [Panic and Survival 2008-09]
Replies: 346
Views: 177855

Re: I can't believe I am thinking this [Panic and Survival 2008-09]

I remember reading this thread in real time. It laid bare the despair that I and so many others were feeling, perhaps more than any other. In my case, I had started investing only a few months before the recession started, just at a moment when I had nearly "won the game," hence my losses felt very,...
by Laika
Wed Apr 10, 2019 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Estimating Future Wealth (Wealth Potential)
Replies: 20
Views: 2056

Re: Estimating Future Wealth (Wealth Potential)

I've maintained spreadsheet predictions of my long-term future wealth on and off over the last 30 years. It can be an interesting exercise, but I've long-since concluded that it's futile for two reasons: The first is that too much of the unexpected happens along the way for long-term predictions to ...
by Laika
Tue Mar 19, 2019 6:45 pm
Forum: Investing - Theory, News & General
Topic: Retired Investors - Do You Keep Cash For Down Years
Replies: 107
Views: 8764

Re: Retired Investors - Do You Keep Cash For Down Years

I am not quite retired yet, but I currently have at least 8 years of cash and near-cash vehicles (money market funds and similar) on hand. But that's computed using a reasonable "safe withdrawal rate" - a rate that I'd be hard-pressed to actually spend. Given what I do typically spend, I have at lea...
by Laika
Sat Mar 02, 2019 9:37 pm
Forum: Personal Consumer Issues
Topic: Satellite Phone rental for foreign travel
Replies: 23
Views: 1644

Re: Satellite Phone rental for foreign travel

I've used them. Satellite phones are awful. The voice quality is absurdly bad, disconnections are frequent, they are expensive to use, etc. They are far worse than the worst cellular network. They are best saved for situations in which you have absolutely no other option (but then they are invaluabl...
by Laika
Thu Feb 28, 2019 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: When were you convinced that you had more than enough money?
Replies: 117
Views: 11947

Re: When were you convinced that you had more than enough money?

At times going back 30 years, I've thought "this much would surely be enough." But in retrospect I've usually been wrong because I was too young for that to be adequate for life given the risks that lay before me. Recently, I've felt more confident that I did have enough. Yet as markets have done we...
by Laika
Wed Oct 24, 2018 8:46 pm
Forum: Investing - Theory, News & General
Topic: Changing to higher equities allocation during a major crash?
Replies: 26
Views: 2768

Re: Changing to higher equities allocation during a major crash?

I did this. I had entered the market in early 2008 with 40% equities (my intended long-term position). During the ensuing crash, however, I "bought all the way down" until I was about 85% equities. My last purchase was three days before the bottom. It was excruciating. My thoughts of early retiremen...
by Laika
Mon Sep 03, 2018 4:57 pm
Forum: Personal Investments
Topic: Portfolio Review and Commentary? (Mid-7 figures.)
Replies: 18
Views: 1697

Re: Portfolio Review and Commentary? (Mid-7 figures.)

Yes, I handled the downside, but it sure didn't do my emotional or physical health any good!

The consensus seems to be that Small Cap Value is a little on the high side, but that nothing is so terribly out of balance that it requires action.

(Portions deleted.)

Thank you all for your feedback!
by Laika
Sun Sep 02, 2018 8:54 pm
Forum: Personal Investments
Topic: Portfolio Review and Commentary? (Mid-7 figures.)
Replies: 18
Views: 1697

Re: Portfolio Review and Commentary? (Mid-7 figures.)

Right, there's no reinvestment of dividends; they are diverted into money market or other bond funds.
by Laika
Sun Sep 02, 2018 8:00 pm
Forum: Personal Investments
Topic: Portfolio Review and Commentary? (Mid-7 figures.)
Replies: 18
Views: 1697

Re: Portfolio Review and Commentary? (Mid-7 figures.)

Donating appreciated shares seems to be a particularly efficient way of giving. I don't know much about donor advised funds, though. I'll look into it.

Thank you for that and also for the comments about life. I think about that a lot.
by Laika
Sun Sep 02, 2018 7:35 pm
Forum: Personal Investments
Topic: Portfolio Review and Commentary? (Mid-7 figures.)
Replies: 18
Views: 1697

Re: Portfolio Review and Commentary? (Mid-7 figures.)

I'll check it out. But is there some special benefit for someone in my shoes?

I would have thought that $500M would be "mid 9 figures (digits)," so the answer is "I wish." Mid 7 figures would mean roughly $5M, no?
by Laika
Sun Sep 02, 2018 7:00 pm
Forum: Personal Investments
Topic: Portfolio Review and Commentary? (Mid-7 figures.)
Replies: 18
Views: 1697

Re: Portfolio Review and Commentary? (Mid-7 figures.)

No, I haven't looked into "backdoor" Roths. It seems a little complicated, and I thought there was an effort to close that door, but I should at least figure out how they work. Thanks for the suggestion.
by Laika
Sun Sep 02, 2018 5:42 pm
Forum: Personal Investments
Topic: Portfolio Review and Commentary? (Mid-7 figures.)
Replies: 18
Views: 1697

Portfolio Review and Commentary? (Mid-7 figures.)

Since this thread has run its course, the personal information in this first post has been deleted.

Thank you very much for your consideration, advice and suggestions. I appreciate it.