Search found 605 matches

by JackoC
Tue Apr 23, 2019 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Getting Spouse On Board With Saving
Replies: 32
Views: 1839

Re: Getting Spouse On Board With Saving

Incidentally, it was interesting that many people in this thread seem to assume it is a wife who wants to spend more. I don't think the OP has indicated one way or another if the spouse is male or female, and I have certainly known heterosexual couples in which it is the male that spends more freel...
by JackoC
Tue Apr 23, 2019 9:54 am
Forum: Personal Consumer Issues
Topic: At what age did you buy your first first class airplane ticket?
Replies: 102
Views: 3067

Re: At what age did you buy your first first class airplane ticket?

Nobody actually does - the sticker price is just there so the upgrades and miles seem more valuable. Was wondering what % of seats are actually sold at list price. Also as a bunch of posts have mentioned, there are cases where there's First and Business and they are virtually the same for loads mor...
by JackoC
Tue Apr 23, 2019 9:18 am
Forum: Personal Finance (Not Investing)
Topic: If FIRECalc shows 100% success rate, what holds you back from retiring?
Replies: 72
Views: 5293

Re: If FIRECalc shows 100% success rate, what holds you back from retiring?

Firecalc is a statistical simulation with assumptions and errors. It's no guarantee of a specific outcome for a specific individual. There are as many reasons as there are people with some of them more rational than others. Retirement and especially early retirement is simply not a goal for everyon...
by JackoC
Tue Apr 23, 2019 8:49 am
Forum: Investing - Theory, News & General
Topic: Why should stocks beat bonds in the long run?
Replies: 106
Views: 5831

Re: Why should stocks beat bonds in the long run?

But the reason stock expected returns are higher, and realized returns usually higher, than bond returns does basically come back to Corp Finance 101 in one of the very early chapters. Bondholders get paid first. Therefore profit, the name for residual cashflow over and above the cashflow necessary...
by JackoC
Mon Apr 22, 2019 10:21 am
Forum: Investing - Theory, News & General
Topic: Why should stocks beat bonds in the long run?
Replies: 106
Views: 5831

Re: Why should stocks beat bonds in the long run?

Thanks everyone for your thoughtful and insightful responses. It seems most folks subscribe to one of the following lines of reasoning, in order of popularity on this thread: 1) The equity risk premium, i.e. investors "demand" a higher return (by discounting the current price) to compensate for the...
by JackoC
Mon Apr 22, 2019 9:27 am
Forum: Personal Consumer Issues
Topic: fun car advice
Replies: 120
Views: 7670

Re: fun car advice

Several comments have followed up mine about M2 some noting that no M2's (oldest are 2016 model) are likely to be at the flat part of the depreciation curve yet. Which I did note in my original post. Personally I prefer new cars and accept the depreciation. But if somebody really wants a car as lik...
by JackoC
Mon Apr 22, 2019 8:24 am
Forum: Personal Consumer Issues
Topic: fun car advice
Replies: 120
Views: 7670

Re: fun car advice

Several comments have followed up mine about M2 some noting that no M2's (oldest are 2016 model) are likely to be at the flat part of the depreciation curve yet. Which I did note in my original post. Personally I prefer new cars and accept the depreciation. But if somebody really wants a car as lik...
by JackoC
Sun Apr 21, 2019 9:36 pm
Forum: Personal Consumer Issues
Topic: fun car advice
Replies: 120
Views: 7670

Re: fun car advice

*the F87 M2, I have one, is sometimes said to be a throw back to earlier M car values, anyway a fun car for sure. Used M2's sell for under $50k. +1 Go for one with a touchscreen iDrive and manual transmission. Smiles all around. The touchscreen iDrive is stupid. It’s too hard to control while drivi...
by JackoC
Sun Apr 21, 2019 12:36 pm
Forum: Investing - Theory, News & General
Topic: Junk bonds undervalued due to boglehead popularity?
Replies: 51
Views: 4570

Re: Junk bonds undervalued due to boglehead popularity?

1. A pause there. Investment grade corporate bonds do not usually have refinance options held by the issuer? Whereas if HY bond issuers reach IG then they generally have the right to pay the investors money back? 2. I am not aware that the evidence shows a superior risk-return tradeoff for sub IG b...
by JackoC
Sat Apr 20, 2019 8:17 am
Forum: Personal Consumer Issues
Topic: How far would you commute?
Replies: 72
Views: 2774

Re: How far would you commute?

In a large part of the NY suburbs, most people have a 1.5 to 2 hour commute each way into the city, and that is when things go right, which is about half the time. Even people who live and work in the suburbs rarely have a commute less than a half hour. Normal is 45 minutes to an hour each way. For...
by JackoC
Fri Apr 19, 2019 2:27 pm
Forum: Investing - Theory, News & General
Topic: Does 100% stocks make sense for very high net worth individuals
Replies: 126
Views: 12868

Re: Does 100% stocks make sense for very high net worth individuals

For this question I would define "very high net worth" as meaning "would remain very high networth if their assets dropped by 90%". If $30M is "very high" then that would mean $300 M to remain there after a big drop. I would probably not include those with only $300M in this group, but we can go wi...
by JackoC
Fri Apr 19, 2019 9:56 am
Forum: Personal Consumer Issues
Topic: Luxury car recommendations?
Replies: 104
Views: 8071

Re: Luxury car recommendations?

That is more of a Mercedes experience than a luxury car one. I’d respectfully disagree. Bought a bmw 3series CPO and it was a total pain. Didn’t matter what the issue was the dealer charged $800+ for the repair. The AC magically quit working the week after the warranty expired on a 100 degree day. ...
by JackoC
Fri Apr 19, 2019 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Weigh in on our Marital Argument =)-- HCOL edition
Replies: 110
Views: 13162

Re: Weigh in on our Marital Argument =)-- HCOL edition

Not clear you've included NYC taxes in your analysis, they're about $11,800/year for you. Moving to the suburbs is more likely going to cost you a lot less and improve school quality and quality of life. The NYC schools generally aren't very good. Don't be worried about commute time, I take a train...
by JackoC
Thu Apr 18, 2019 8:51 am
Forum: Personal Finance (Not Investing)
Topic: What defines "income" on a retiree's credit card application?
Replies: 102
Views: 5950

Re: What defines "income" on a retiree's credit card application?

All in all I think perhaps people on this forum are a bit too-readily often over-thinking things. Like here, and it is becoming a little silly. Can anyone cite a case where a credit card issuer, when faced with a defaulting customer, expended time, energy, and money (legal fees) to investigate if a...
by JackoC
Thu Apr 18, 2019 8:33 am
Forum: Investing - Theory, News & General
Topic: Junk bonds undervalued due to boglehead popularity?
Replies: 51
Views: 4570

Re: Junk bonds undervalued due to boglehead popularity?

Anytime I've looked at it, it just doesn't seem like the modest increase in yield compensates long term for the material default risk. If the spreads were large enough I may consider it. Yes. Another way of saying that is credit spreads are quite small. The premium awarded to investors for taking o...
by JackoC
Wed Apr 17, 2019 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: What defines "income" on a retiree's credit card application?
Replies: 102
Views: 5950

Re: What defines "income" on a retiree's credit card application?

I usually just put 100,000$ Or maybe sometimes I put 200,000. I figure my real income is none of their business and I am giving an underestimation. I am curious what others say. Since you asked....if you "put 100,000" or "put 200,000" and that is not accurate, it sure seems like you are committing ...
by JackoC
Wed Apr 17, 2019 2:15 pm
Forum: Personal Consumer Issues
Topic: After financial independence, do you play credit card bonus games?
Replies: 97
Views: 6410

Re: After financial independence, do you play credit card bonus games?

I guess 'no', not *bonus* games. We use 5 different cards (Citi Double 2% for most things, AMEX Bluecash legacy deal 5% gas/grocery/pharmacy no annual fee, BOA Visa 3% Costco and restaurants, Chase Freedom 5% rotating categories, Capital One 1.5% no foreign transaction fee) for various things in a f...
by JackoC
Wed Apr 17, 2019 9:36 am
Forum: Personal Consumer Issues
Topic: seriously thinking about leaving S. CA but where to?
Replies: 177
Views: 9762

Re: seriously thinking about leaving S. CA but where to?

Climate similar to Orange County, CA? That is the orange area on this map, which is Mediterranean climate. Only California in the contiguous U.S. You can not move out of California without a change of climate. If you want to move, you would have to decide on what alternate climate you would prefer....
by JackoC
Wed Apr 17, 2019 9:04 am
Forum: Personal Finance (Not Investing)
Topic: What defines "income" on a retiree's credit card application?
Replies: 102
Views: 5950

Re: What defines "income" on a retiree's credit card application?

I usually just put 100,000$ Or maybe sometimes I put 200,000. I figure my real income is none of their business and I am giving an underestimation. I am curious what others say. lafder Since you asked....if you "put 100,000" or "put 200,000" and that is not accurate, it sure seems like you are comm...
by JackoC
Tue Apr 16, 2019 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Is it a no brainier to donate appreciated shares to a charity?
Replies: 13
Views: 1447

Re: Is it a no brainier to donate appreciated shares to a charity?

Some things to keep in mind; 1) The step up in capital gains for your estate might not always exist so you cannot really count on that. The other two points you made are relevant in certain cases but this one is relevant for everyone and the most key IMO, along with 4) up to now the capital gains t...
by JackoC
Tue Apr 16, 2019 8:59 am
Forum: Investing - Theory, News & General
Topic: Home equity as % of AA
Replies: 41
Views: 2880

Re: Home equity as % of AA

*with a non recourse mortgage the equity value actually is relevant, a small quibble with your earlier statement that it's not. Equity isn't relevant to the extent the lender could come after assets other than house at negative equity on the mortgage. Home equity is only relevant since it determine...
by JackoC
Mon Apr 15, 2019 1:33 pm
Forum: Personal Consumer Issues
Topic: seriously thinking about leaving S. CA but where to?
Replies: 177
Views: 9762

Re: seriously thinking about leaving S. CA but where to?

I am retired so I can move anywhere in the country. I have spent countless hours searching for a place to live. Originally , I was searching for a state free of taxes. But it doesn't matter anymore. I just want to leave CA but not sure where. Any suggestions based on the criteria Criteria: 1/ Good ...
by JackoC
Mon Apr 15, 2019 1:11 pm
Forum: Investing - Theory, News & General
Topic: Home equity as % of AA
Replies: 41
Views: 2880

Re: Home equity as % of AA

There's two separate parts of home ownership that I think should be talked about separately. There's the consumption aspect, which is the cash flows involved in owning a house, and the asset part, which is the actual exposure to real estate price volatility. That is the correct way to look at it. F...
by JackoC
Mon Apr 15, 2019 12:59 pm
Forum: Investing - Theory, News & General
Topic: Home equity as % of AA
Replies: 41
Views: 2880

Re: Home equity as % of AA

There's two separate parts of home ownership that I think should be talked about separately. There's the consumption aspect, which is the cash flows involved in owning a house, and the asset part, which is the actual exposure to real estate price volatility. That is the correct way to look at it......
by JackoC
Mon Apr 15, 2019 8:40 am
Forum: Investing - Theory, News & General
Topic: Home equity as % of AA
Replies: 41
Views: 2880

Re: Home equity as % of AA

There's two separate parts of home ownership that I think should be talked about separately. There's the consumption aspect, which is the cash flows involved in owning a house, and the asset part, which is the actual exposure to real estate price volatility. As far as consumption goes, you should e...
by JackoC
Fri Apr 12, 2019 11:48 am
Forum: Personal Consumer Issues
Topic: fun car advice
Replies: 120
Views: 7670

Re: fun car advice

What do u think will happen to the non-self driving car market when self driving cars become ubiquitous? I personally don't want to be on the highway near human operated vehicles, and neither will anyone else. At some point if a vehicle doesn't have certain safety features, they won't be allowed on...
by JackoC
Fri Apr 12, 2019 11:14 am
Forum: Investing - Theory, News & General
Topic: Junk bonds undervalued due to boglehead popularity?
Replies: 51
Views: 4570

Re: Junk bonds undervalued due to boglehead popularity?

Try some actual PortfolioVisualizer backtests. Use some proposed portfolio that really makes sense to you, that includes "high-yield" bonds, then replace them with a mixture of about 2/3rds investment-grade bonds, 1/3rd stocks, and see how much difference it makes. Now go ahead and count the angels...
by JackoC
Fri Apr 12, 2019 10:08 am
Forum: Investing - Theory, News & General
Topic: Junk bonds undervalued due to boglehead popularity?
Replies: 51
Views: 4570

Re: Junk bonds undervalued due to boglehead popularity?

Anytime I've looked at it, it just doesn't seem like the modest increase in yield compensates long term for the material default risk. If the spreads were large enough I may consider it. Also having seen first hand companies with absolutely zero prospect for financial survival get loans at 13% just...
by JackoC
Thu Apr 11, 2019 5:02 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Announces Plans to Launch Commodities Fund
Replies: 133
Views: 9906

Re: Vanguard Announces Plans to Launch Commodities Fund

I wonder how this commodities fund would be taxed. Actual gold capital gains are taxed as a collectible, which is punitive. What happens with the rest of what this fund invests in? The Vanguard fund would presumably hold commodity futures and OTC total return swap positions*, not physical commoditi...
by JackoC
Thu Apr 11, 2019 3:45 pm
Forum: Investing - Theory, News & General
Topic: Junk bonds undervalued due to boglehead popularity?
Replies: 51
Views: 4570

Re: Junk bonds undervalued due to boglehead popularity?

Every time junk bonds are brought up here they're dismissed as kind of a pointless hybrid of the risk of stocks and the safety of bonds. The mantra here is that to the extent you want risk buy stocks and to the extent you want security buy (high quality) bonds. This implementation of buy-and-hold i...
by JackoC
Sat Apr 06, 2019 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 375
Views: 41053

Re: Losing a job in your 50's...

Occam's Razor says companies generally fire who they fire and hire who they here because it allows the companies to produce more for a given labor cost. And that is not *discrimination* just because there might be *disparate impact*. JackoC, By simple logic too, if American employers are doing such...
by JackoC
Fri Apr 05, 2019 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 375
Views: 41053

Re: Losing a job in your 50's...

An intellectually honest discussion of this in general, not wrt to some particular person, IMO has to acknowledge the pretty clear reality that companies cut higher paid but not necessarily higher producing older workers basically because they want to increase profits, JackoC, Discrimination happen...
by JackoC
Fri Apr 05, 2019 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 375
Views: 41053

Re: Losing a job in your 50's...

When everyone is acutely aware of this issue that is permanently damaging our livelihood why doesn't anyone do something about it ? Call your representatives to initiate a bill in congress. ... Anyone denying that there is substantial, unchecked age discrimination affecting our labor and employment...
by JackoC
Thu Apr 04, 2019 10:55 am
Forum: Investing - Theory, News & General
Topic: Make sure your retirement investment plan includes being fired from your job in your 50s
Replies: 285
Views: 16440

Re: Make sure your retirement investment plan includes being fired from your job in your 50s

Those of you pontificating on whether “upgrading skills” , “pay cuts”, “hair dyeing”, “top performer”, will save you - I can assure you they won’t. Megacorp will find one or the other excuse to purge you. So unless you have a time machine get ready for doom Did you intentionally leave out "continue...
by JackoC
Thu Apr 04, 2019 9:05 am
Forum: Personal Consumer Issues
Topic: "The best and worst U.S. states for retirement"
Replies: 259
Views: 21593

Re: "The best and worst U.S. states for retirement"

This survey was probably one of the worst I have seen so far. Our adopted state for the last nine years, TN, always ranks high as far as affordability, and affordability is the one metric the vast majority of retirees are looking at. Supposedly this survey is based on three criteria, COL, health ca...
by JackoC
Wed Apr 03, 2019 2:37 pm
Forum: Investing - Theory, News & General
Topic: Make sure your retirement investment plan includes being fired from your job in your 50s
Replies: 285
Views: 16440

Re: Make sure your retirement investment plan includes being fired from your job in your 50s

It seems like the majority of people commenting in this thread are in tech; would appear that this is very industry-dependent. Working in public health and now in a large health products company, I've never seen or even heard of a hint of age discrimination. It certainly depends on the job. Some pe...
by JackoC
Wed Apr 03, 2019 10:12 am
Forum: Personal Consumer Issues
Topic: "The best and worst U.S. states for retirement"
Replies: 259
Views: 21593

Re: "The best and worst U.S. states for retirement"

Texas is 38 in Health Care? We have the MD Anderson Cancer Center here. We have the Memorial Hermann–Texas Medical Center here. Michael Debakey revolutionized heart surgery at the Baylor College of Medicine here. James "Red" Duke pioneered the Life Flight treatment for trauma patients here. As a re...
by JackoC
Wed Apr 03, 2019 9:49 am
Forum: Personal Finance (Not Investing)
Topic: At a crossroad - Expensive House or Private School Tuition?
Replies: 68
Views: 4148

Re: At a crossroad - Expensive House or Private School Tuition?

School discussions on Bogleheads just go around the same unproductive circles. I’ll just say this. If your kid has parents who care, your kid will probably do fine anywhere. Our kids, one of whom had a learning disability, went to middling schools in an urban school district. Two of them graduated ...
by JackoC
Mon Apr 01, 2019 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 14027

Re: How often do you check your net worth?

Net worth: close to never. House is paid off. Retired. No spreadsheets. Short of the zombie apocalypse (which will definitely happen, it's just that none of us know when), our financial machinery is boringly automatic and pretty bulletproof. I will admit I look at my Vanguard portfolio more than ne...
by JackoC
Mon Apr 01, 2019 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: CA tax - Can parent pay using their check
Replies: 21
Views: 1020

Re: CA tax - Can parent pay using their check

Yes you should be able to write a check as you described. I’ve done this for one of our kids, but for a different state. Usually tax collectors don’t care how taxes are paid. But Bank should be able to give daughter temporary paper checks. If your daughter has not already learned, her bank is not t...
by JackoC
Mon Apr 01, 2019 2:12 pm
Forum: Investing - Theory, News & General
Topic: Rich Dad / Poor Dad Investing Theory
Replies: 74
Views: 5499

Re: Rich Dad / Poor Dad Investing Theory

An owned house you live in is an asset you invested in, just as much as investment as it is an asset. JackoC, If instead of renting the house at $2,000 per month, you buy the house with the PITI of $3,000 per month. This house is not an investment and it is not an asset. KlangFool But you need to b...
by JackoC
Mon Apr 01, 2019 2:01 pm
Forum: Investing - Theory, News & General
Topic: Rich Dad / Poor Dad Investing Theory
Replies: 74
Views: 5499

Re: Rich Dad / Poor Dad Investing Theory

I thought the saying/trope/tautology(?) was that your home is an asset , not an investment . I haven't read the book in over 15 years, when a coworker who was into somewhat questionable side gigs lent it to me. I think that idea is the only useful thing I got from the book. An owned house you live ...
by JackoC
Mon Apr 01, 2019 10:47 am
Forum: Investing - Theory, News & General
Topic: Rich Dad / Poor Dad Investing Theory
Replies: 74
Views: 5499

Re: Rich Dad / Poor Dad Investing Theory

OP, He makes one point that is worth more than all his other bad advice. But, most people will ignore it and destroy their financial future because of that. The house that you live in is not an asset. KlangFool Can you explain what you mean here? You might not think it is an asset worth having, but...
by JackoC
Mon Apr 01, 2019 10:29 am
Forum: Personal Consumer Issues
Topic: "The best and worst U.S. states for retirement"
Replies: 259
Views: 21593

Re: "The best and worst U.S. states for retirement"

Grok, Any survey that ranks Minnesota as number 1 in Quality of life is just flawed IMO. How can you say it is wonderful to live in a place where it will freeze you or give you severe frostbite if you stay outside for 10 minutes. Minnesota does suck, as does most of the midwest, for QOL. And I say ...
by JackoC
Mon Apr 01, 2019 10:03 am
Forum: Investing - Theory, News & General
Topic: What is the Boglehead opinion of the inverted yield curve?
Replies: 63
Views: 5021

Re: What is the Boglehead opinion of the inverted yield curve?

I would guess the overwhelming BH opinion on what the yield curve shape should mean for stock investing would be: nothing. I basically agree. I would guess the 'BH opinion' of what flat or inverted curve means for choosing a maturity for bonds/cash is more varied. 'Invest in the whole market and don...
by JackoC
Sun Mar 31, 2019 12:49 pm
Forum: Personal Consumer Issues
Topic: "The best and worst U.S. states for retirement"
Replies: 259
Views: 21593

Re: "The best and worst U.S. states for retirement"

Interesting to see CO so high given many years of strong housing inflation for both purchases and rent. We're insulated having bought in 1991 and wouldn't consider moving elsewhere but it's tough for people that didn't buy here quite a while ago, renters or moving in from LCOL states. I hate gross ...
by JackoC
Sun Mar 31, 2019 8:51 am
Forum: Personal Consumer Issues
Topic: "The best and worst U.S. states for retirement"
Replies: 259
Views: 21593

Re: "The best and worst U.S. states for retirement"

South Dakota? I don't think I've ever heard, or read, of anyone retiring to South Dakota. Maybe it's the hidden gem I've been searching for. South Dakota has a lot of people who live in their motorhomes, claim residency in South Dakota and may drive through once per year. South Dakota's residency l...
by JackoC
Sat Mar 30, 2019 3:03 pm
Forum: Personal Consumer Issues
Topic: "The best and worst U.S. states for retirement"
Replies: 259
Views: 21593

Re: "The best and worst U.S. states for retirement"

Nobody is average. My personal situation is different than the averages, and different than any individual making the same decision. ... I think the biggest error the article makes in its methodology is not considering quality of life issues. Weather, amenities, etc. I suppose a website called “Wal...
by JackoC
Sat Mar 30, 2019 2:01 pm
Forum: Personal Consumer Issues
Topic: "The best and worst U.S. states for retirement"
Replies: 259
Views: 21593

Re: "The best and worst U.S. states for retirement"

Arizona is down to 14 on this list which is fine by me. ... Plus I see no reason why Minnesota is so much higher than Florida and Arizona in QOL. I think this study is all wound around population averages and all the poor immigrants and poor native americans in AZ and NM and Texas are making the da...
by JackoC
Sat Mar 30, 2019 10:18 am
Forum: Personal Consumer Issues
Topic: Tattoos and Bogleheads
Replies: 180
Views: 8464

Re: Tattoos and Bogleheads

My sisters very visible tattoos project a certain image, one which she is fully aware of have been a concern when seeking professional employment. For me, it doesn't matter at all, but I'm not the person hiring her. You are stretching quite a ways for a purpose I don't understand. At some point you...