Search found 1593 matches

by Snowjob
Thu Nov 07, 2019 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Sell equities to pay down mortgage
Replies: 22
Views: 1905

Re: Sell equities to pay down mortgage

I sold some taxable investments to get a nice big down payment in on my house. Its great not to deal with PMI and after a 10 year bull run its nice to know I took some off the table permanently. Not the most efficient economic decision -- yeah we should all have 50 year 3% mortgages forever -- but I...
by Snowjob
Thu Oct 31, 2019 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Possible Layoff: Need Assurance That We Will Be Okay
Replies: 153
Views: 12443

Re: Possible Layoff: Need Assurance That We Will Be Okay

OP: This may be the greatest thing that ever happened to you. I Agree -- Sounds like the OP is experiencing a lot of stress disconnecting his life and identity from his job. This is awake up call to re-evaluate life priorities. He is asking for financial advice but does not really need it. People r...
by Snowjob
Fri Oct 25, 2019 9:47 am
Forum: Personal Investments
Topic: Forty Year Inflation Protected Retirement Plan
Replies: 12
Views: 967

Re: Forty Year Inflation Protected Retirement Plan

Well there is a chance that the stable value fund does not keep up with inflation. Additionally the CD's and I-Bonds are likely in a taxable account and you will be losing money taxation every year. To take an extreme example: if Inflation ran at 10% a year, your I-bonds would double in value in 7.2...
by Snowjob
Thu Sep 05, 2019 2:07 pm
Forum: Personal Investments
Topic: Looking for stream of dividends
Replies: 61
Views: 5405

Re: Looking for stream of dividends

Simple Suggestion - 400,000 VT - Total World Index, Global Cap Weight covers 98% of the world. 2.3% yield = 9,200. --- No cap gains, no need to re-balance or sell just collect the quarterly distribution and move on with your life. 50,000 - Immediate Annuity for a 72 y/o male. income at 330/month or ...
by Snowjob
Mon Aug 19, 2019 12:55 pm
Forum: Personal Investments
Topic: Managed fund vs index fund- will danoff.
Replies: 12
Views: 843

Re: Managed fund vs index fund- will danoff.

If you cant chose and its bothering you, why not go 50% index 50% active? Even the father of index funds Mr Bogle recommended a 50 / 50 split between an active balanced fund (wellington) and a passive balanced fund (vanguard balanced index) as a long term allocation for an endowment. (I believe ther...
by Snowjob
Tue Aug 06, 2019 9:53 am
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 817
Views: 99692

Re: That's enough for me in 2019

How much do you need to post (or expect to post given fluctuations) to maintain the short position and what qualifies as collateral? I assume the requirement must be generous in order to justify the leverage considering your large cash position in aggregate? An ultra bond has a notional value of $1...
by Snowjob
Tue Aug 06, 2019 9:44 am
Forum: Personal Consumer Issues
Topic: Extreme Anxiety with Time/Money
Replies: 95
Views: 8825

Re: Extreme Anxiety with Time/Money

.... Not only that, but I absolutely hate paying anyone to do anything that I'm capable of doing myself (even with hours of obsessing and stress). I hate watching my hard-earned savings diminish. Right now, I'm maxing out retirement, have a sizable emergency fund (almost 1 year of income), and save...
by Snowjob
Tue Aug 06, 2019 8:37 am
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 817
Views: 99692

Re: That's enough for me in 2019

Haven't updated since mid-May. Used the downturn in late May / early June to rotate from long term bonds to equities (mostly int'l). Used today's equity selloff and bond rally to do more of the same. Now have essentially locked in 30-year borrowing rates of 2.24% to buy int'l equities. New allocati...
by Snowjob
Mon Jul 29, 2019 7:42 am
Forum: Investing - Theory, News & General
Topic: Roth > Taxable > tIRA
Replies: 200
Views: 14960

Re: Roth > Taxable > tIRA

Honestly I think most people who do not have pensions would benefit from a mix of all three. I love the flexibility of taxable, doubles as the emergency fund, all sorts of products available, leverage etc. Roth has the tax exempt status, and the tIRA has the tax arb thing going for it. While I can b...
by Snowjob
Tue Jul 23, 2019 12:46 pm
Forum: Personal Investments
Topic: A little discouraged with earnings, is it really this slow?
Replies: 66
Views: 9754

Re: A little discouraged with earnings, is it really this slow?

You’re killin it. Stay off the 40 with $1mm threads. Good advice, there's always better there's always worse for literally everyone but 2 people on the planet. Timing is everything. You cant look at outcome, you only need to judge how efficient you are with your money, the rest will take care of it...
by Snowjob
Mon Jul 08, 2019 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Does saving 20% towards retirement starting in your twenties allow you to retire early?
Replies: 144
Views: 15120

Re: Does saving 20% towards retirement starting in your twenties allow you to retire early?

I wish I had kept data to know how much I saved in my 20's. I THINK it was over 20%, but I can't really be sure. I'm 50 now and have been saving quite a bit more than 20% the past 15 years, but I'm definitely not in a position to retire early, but I've always been kind of low income, so even saving...
by Snowjob
Wed May 15, 2019 6:33 am
Forum: Personal Finance (Not Investing)
Topic: Do you reward yourself for achieving a financial goal?
Replies: 107
Views: 7197

Re: Do you reward yourself for achieving a financial goal?

Come on, for all the time spent here on this message board surely some of you could take a break from your frugal ways for a moment and celebrate with more than a cup of coffee. If that's celebration to you I can't imagine the lifestyle you choose to live WOW. OK I guess I'm guilty of much the same ...
by Snowjob
Tue May 14, 2019 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Situation for 28 year old
Replies: 16
Views: 1408

Re: Mortgage Situation for 28 year old

Funny, I'm in a similar situation as you. Age wise, mid/late 30's with about 14 years to go on the mortgage and retirement savings rate is down to about 15%. I used to save significantly more while renting and the change to a lower savings rate while still young eats at me. Every time I start questi...
by Snowjob
Fri May 10, 2019 7:46 am
Forum: Personal Investments
Topic: Global Wellesley + Wellington
Replies: 4
Views: 1899

Re: Global Wellesley + Wellington

The US:INT split bothers me on these, not enough US equity. Because of my preference for US stocks, both from a political (more capital friendly than rest of world) and economic (larger allocation to Technology as we are in a tech revolution) perspective, I probably would pass on these as single sto...
by Snowjob
Thu May 09, 2019 4:26 am
Forum: Investing - Theory, News & General
Topic: Wes Gray: Value Investing Not Dead, Just Wait
Replies: 12
Views: 2092

Re: Wes Gray: Value Investing Not Dead, Just Wait

I am thinking of doing some version of the "Swedroe Shuffle", a maneuver where Larry Swedroe put 100% of his stocks into Value during the late 1990's, maybe about 1997. He could see the valuation gap between Value and Growth keep widening and he felt it wasn't sustainable. I won't go to that extrem...
by Snowjob
Tue May 07, 2019 9:53 pm
Forum: Investing - Theory, News & General
Topic: How to reduce dividends?
Replies: 27
Views: 5248

Re: How to reduce dividends?

How about screen for stocks that don't pay a dividend, select a sufficient number to achieve meaningful diversification and invest in those individually. Think like, Amazon, Google, Berkshire, O'riely Auto, Priceline, United Rentals, facebook, intuitive surgical, CBRE, Biogen. You might be able to p...
by Snowjob
Mon May 06, 2019 9:11 am
Forum: Personal Investments
Topic: Roth IRA Portfolio
Replies: 9
Views: 1025

Re: Roth IRA Portfolio

Pretty heavy tilt to scv if that’s what you want but looks fine to me!
by Snowjob
Sun May 05, 2019 7:47 am
Forum: Personal Investments
Topic: Anyone Else Buying Xmas Sale in Equities?
Replies: 33
Views: 4913

Re: Anyone Else Buying Xmas Sale in Equities?

I missed Christmas eve because I was slammed at work but for the first hour or so of trading was flat from that close on the 26th and I added a bunch of ETF equity exposure at the open. Worked out a lot better than my Friday after thanksgiving purchase :)
by Snowjob
Mon Apr 29, 2019 3:13 pm
Forum: Investing - Theory, News & General
Topic: 30 year tips ladder people
Replies: 22
Views: 1455

Re: 30 year tips ladder people

... Anyhow, the cost doesn't have to be high and with a side portfolio of about 50% with a 60:40 AA still allows plenty of rebalancing. (This is an overall 30:70 AA with only 28.5% of the bonds available for rebalancing) ... (This is a quick reply from work, my math might be wrong)...edit: May be I...
by Snowjob
Mon Apr 29, 2019 1:24 pm
Forum: Investing - Theory, News & General
Topic: 30 year tips ladder people
Replies: 22
Views: 1455

Re: 30 year tips ladder people

The trick, as far as I'm concerned, is brutal honesty with oneself. With very few exceptions, retiring early is an extraordinarily risky proposition. For starters, the present stock market, nationally and internationally, is by historical standards very (almost prohibitively) expensive. Second, bon...
by Snowjob
Mon Apr 29, 2019 12:31 pm
Forum: Investing - Theory, News & General
Topic: 30 year tips ladder people
Replies: 22
Views: 1455

Re: 30 year tips ladder people

I won't answer your specific question, but let me tell you what my wife and I have done. First, I worked to age 69, retiring this last November. My wife, 10 years my junior, is retiring this coming summer. We have a 21 year ladder of TIPS/I-bonds (the final 16 years of the ladder - 2024-2039) and z...
by Snowjob
Mon Apr 29, 2019 9:41 am
Forum: Investing - Theory, News & General
Topic: 30 year tips ladder people
Replies: 22
Views: 1455

Re: 30 year tips ladder people

This is hindsight bias. You are cherry picking one specific historical scenario and asking what people would do, implying they had perfect foresight. In the future, stocks could decrease further, stay the same for a long time, or increase dramatically. You are betting on the latter and ignoring the...
by Snowjob
Mon Apr 29, 2019 9:34 am
Forum: Investing - Theory, News & General
Topic: 30 year tips ladder people
Replies: 22
Views: 1455

Re: 30 year tips ladder people

Question for those of you who are planning a 30 year tips ladder. Sort of off-topic question but what is the maximum age that you would think someone should build a 30 year tips ladder. I expect to live 30 more years or so but I would have trouble pulling the trigger on such a ladder. In all honest...
by Snowjob
Mon Apr 29, 2019 9:31 am
Forum: Investing - Theory, News & General
Topic: 30 year tips ladder people
Replies: 22
Views: 1455

Re: 30 year tips ladder people

The question is interesting regarding behavior but the question also seems to contain a false assumption. The original idea of a TIPS ladder is not that it is held for rebalancing but that it is taken out the portfolio altogether and held as a pre-determined income stream. In that sense there is no...
by Snowjob
Mon Apr 29, 2019 8:19 am
Forum: Investing - Theory, News & General
Topic: 30 year tips ladder people
Replies: 22
Views: 1455

Re: 30 year tips ladder people

This is hindsight bias. You are cherry picking one specific historical scenario and asking what people would do, implying they had perfect foresight. In the future, stocks could decrease further, stay the same for a long time, or increase dramatically. You are betting on the latter and ignoring the...
by Snowjob
Mon Apr 29, 2019 8:12 am
Forum: Investing - Theory, News & General
Topic: 30 year tips ladder people
Replies: 22
Views: 1455

Re: 30 year tips ladder people

Question for those of you who are planning a 30 year tips ladder. Sort of off-topic question but what is the maximum age that you would think someone should build a 30 year tips ladder. I expect to live 30 more years or so but I would have trouble pulling the trigger on such a ladder. In all honest...
by Snowjob
Mon Apr 29, 2019 7:58 am
Forum: Investing - Theory, News & General
Topic: 30 year tips ladder people
Replies: 22
Views: 1455

Re: 30 year tips ladder people

If you plan to use your ladder to rebalance and selectively choose which rung to pull from, you're not really maintaining a ladder but rather your own actively managed TIPS fund, which may be fine, but seems to go against the purpose for which many investors construct TIPS ladders. Which I think is...
by Snowjob
Mon Apr 29, 2019 5:30 am
Forum: Investing - Theory, News & General
Topic: 30 year tips ladder people
Replies: 22
Views: 1455

30 year tips ladder people

Question for those of you who are planning a 30 year tips ladder. If early into your retirement, we experience terrible 1970's style inflation, are you going to just watch equities get cut in half and NOT re balance by selling rungs of your tips ladder 20-25-30 years out? I suppose if you have SO mu...
by Snowjob
Sat Apr 27, 2019 11:20 am
Forum: Investing - Theory, News & General
Topic: Absolute & Relative deviation (Re Balance / Port. Visualizer)
Replies: 4
Views: 465

Re: Absolute & Relative deviation (Re Balance / Port. Visualizer)

Yes, that is right. It is a version of the original concept advocated for example by Swedroe of 5/25 meaning a 5% absolute band and a 25% relative band. Naturally small allocations are best treated by the relative rule and large ones will more likely trigger under the absolute rule. Awesome, I thou...
by Snowjob
Sat Apr 27, 2019 11:19 am
Forum: Personal Investments
Topic: Vanguard Total World Stock or Target Retirement 2065 for a 20 year old?
Replies: 11
Views: 845

Re: Vanguard Total World Stock or Target Retirement 2065 for a 20 year old?

If I started all over again I would probably go 100% VT in the taxable account and never sell it. There is plenty of tax deferred space at most peoples advantage later to add tweaks to the allocation, but VT is the ultimate hands off, tax efficient fund. You take no sector or country bets, you just ...
by Snowjob
Wed Apr 24, 2019 4:09 am
Forum: Investing - Theory, News & General
Topic: Absolute & Relative deviation (Re Balance / Port. Visualizer)
Replies: 4
Views: 465

Re: Absolute & Relative deviation (Re Balance / Port. Visualizer)

Can anyone explain to me in simple terms what these are calculating? Can you give us a reference to where in PV you are seeing this? Under the re-balancing bands option it asks if you to set absolute and relative deviations from your original asset allocation. if I set absolute at 10, and relative ...
by Snowjob
Sat Apr 20, 2019 8:05 am
Forum: Investing - Theory, News & General
Topic: Absolute & Relative deviation (Re Balance / Port. Visualizer)
Replies: 4
Views: 465

Absolute & Relative deviation (Re Balance / Port. Visualizer)

Can anyone explain to me in simple terms what these are calculating?
by Snowjob
Thu Apr 11, 2019 6:22 pm
Forum: Personal Consumer Issues
Topic: YouTube TV is increasing their price - will you cancel it?
Replies: 63
Views: 5453

Re: YouTube TV is increasing their price - will you cancel it?

I’ll be canceling it was a great package before but the 10 dollar increase covered channels I didn’t care about.
by Snowjob
Wed Apr 10, 2019 5:24 am
Forum: Investing - Theory, News & General
Topic: Growth More Popular Than Value?
Replies: 8
Views: 1376

Re: Growth More Popular Than Value?

I invest in the total market and ignore the concepts of growth and value. Life is easier that way. What UNG said Not being funny- what UNG said is good advice Yeah I think for me personally, a decade or two of under performance hoping for some sort of premium to show up is something that I can not ...
by Snowjob
Tue Apr 09, 2019 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: How do 40 year olds decide what they can afford?
Replies: 85
Views: 10306

Re: How do 40 year olds decide what they can afford?

I'm only a couple years behind you and what helps me is discount my targeted retirement number by a reasonable rate of return to see if my savings is on target. For example if i want 1M a retirement, and the present value of that is 600k using a 3.5% real return, I'll compare that present value of ...
by Snowjob
Tue Apr 09, 2019 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: How do 40 year olds decide what they can afford?
Replies: 85
Views: 10306

Re: How do 40 year olds decide what they can afford?

I'm only a couple years behind you and what helps me is discount my targeted retirement number by a reasonable rate of return to see if my savings is on target. For example if i want 1M a retirement, and the present value of that is 600k using a 3.5% real return, I'll compare that present value of 6...
by Snowjob
Tue Apr 09, 2019 7:41 pm
Forum: Investing - Theory, News & General
Topic: Good resources for liability matching
Replies: 21
Views: 1884

Re: Good resources for liability matching

I would be checking into deferred annuities - You can expect x cash flow to start at time y. Yes I believe all the quotes I've seen are in nominal terms but the returns are staggering given a guaranteed product. ... However, if they wait until age 85 to collect, yes the returns can indeed be stagge...
by Snowjob
Tue Apr 09, 2019 7:37 pm
Forum: Investing - Theory, News & General
Topic: REITs vs. Actual Real Estate Returns, 1904-2015
Replies: 18
Views: 1800

Re: REITs vs. Actual Real Estate Returns, 1904-2015

I've always wondered how closely this tracks... Hypothetically, If I were to sell my house and travel for a period of years, say 10. Would it make sense to take the proceeds from the house and then buy a REIT index. Yes its tax inefficient, but just assume I would use those distributions to pay my r...
by Snowjob
Fri Apr 05, 2019 6:44 am
Forum: Investing - Theory, News & General
Topic: Good resources for liability matching
Replies: 21
Views: 1884

Re: Good resources for liability matching

I would be checking into deferred annuities -

You can expect x cash flow to start at time y. Yes I believe all the quotes I've seen are in nominal terms but the returns are staggering given a guaranteed product.
by Snowjob
Tue Apr 02, 2019 10:37 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: 18247

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

This is very different than the experience of people I know in this age group. The majority of those who have skills and were job ready (didn't require training) landed new jobs at equal or greater compensation, but I realized this is antidotal with a very small sample size. Also, I have known a sm...
by Snowjob
Tue Apr 02, 2019 9:37 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: 18247

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

This is very different than the experience of people I know in this age group. The majority of those who have skills and were job ready (didn't require training) landed new jobs at equal or greater compensation, but I realized this is antidotal with a very small sample size. Also, I have known a sm...
by Snowjob
Tue Apr 02, 2019 9:21 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: 18247

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

My plan is to have 75% of my desired retirement portfolio covered by Age 50. That would work out to ~ 100% of my needs and I hopefully could find some work to make up the difference. Social Security would be a cushion in the out years. 3% real returns over the next 10-15 years should get me there, I...
by Snowjob
Sun Mar 31, 2019 10:21 am
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 817
Views: 99692

Re: That's enough for me in 2019

In another thread you said 2.25M in Tips would have you step away from investing -- your 60% of the way there. That reply was specific to a question on how much is needed to live on $50K/year for life starting at age 40. Unfortunately, I spend more than that today, and am not opposed to taking on m...
by Snowjob
Sun Mar 31, 2019 10:16 am
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 817
Views: 99692

Re: That's enough for me in 2019

I don't think behaviorally I could stand being in cash and watching the market climb so I could never do this personally. I could be moderately levered and take some losses, for some reason that doesn't bother me as much, but being out of the market and missing the gains seems to hurt more - perhap...
by Snowjob
Sun Mar 31, 2019 9:05 am
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 817
Views: 99692

Re: That's enough for me in 2019

I don't think behaviorally I could stand being in cash and watching the market climb so I could never do this personally. I could be moderately levered and take some losses, for some reason that doesn't bother me as much, but being out of the market and missing the gains seems to hurt more - perhap...
by Snowjob
Sun Mar 31, 2019 8:25 am
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 817
Views: 99692

Re: That's enough for me in 2019

I think your rational makes a lot of sense. Risk is heightened - The mood on this forum has been rather optimistic lately. We have many discussions about leveraging both equities and bonds, more interest in derivatives than I've ever seen in the past. Cash has fared poorly for years, so people want...
by Snowjob
Thu Mar 21, 2019 4:01 pm
Forum: Investing - Theory, News & General
Topic: The $4,026,858.95 Car or a Worry-Free Retirement?
Replies: 245
Views: 13307

Re: The $4,026,858.95 Car or a Worry-Free Retirement?

In my estimation, Americans overspend on the big 3: Too much car Glad I'm not a car person Too much house Guilty Too much eating out Guilty ... The only saving grace is I got into the house way after I built up my savings so I'm not behind the 8 ball as much as if I started with that thing!
by Snowjob
Mon Mar 04, 2019 4:49 pm
Forum: Personal Investments
Topic: Accumulation/decumulation strategy
Replies: 12
Views: 1411

Re: Accumulation/decumulation strategy

You know what? I like it. Good simple formula to inform asset allocation relative to hitting a specific goal. It keeps you aggressive when you need the extra umpf and then tilts you conservative as your assets grow in excess of your needs. Edit: I think you should keep the formula in place and not c...
by Snowjob
Tue Feb 19, 2019 7:11 am
Forum: Investing - Theory, News & General
Topic: 3 stages of Financial Independence
Replies: 82
Views: 14123

Re: 3 stages of Financial Independence

4) Regret - Upon finding that one could/should have retired upon stage 2 or earlier entry into stage 3, rather than finding one unable to do the things that they planned to do due to illness, incapacity, or other factors. Hopefully people make decisions weighing the possible benefits and odds of su...
by Snowjob
Sun Feb 17, 2019 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 431
Views: 62095

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

I've been posting here for a while and have been very open with how the 2007->2009 decline and layoffs of my friends and coworkers affected me psychologically. I spent the better part of the following decade in an aggressive save mode. I didn't want to feel helpless if this were to happen to me when...