Search found 166 matches

by flaccidsteele
Thu Jan 23, 2020 4:38 pm
Forum: Personal Consumer Issues
Topic: What is your favorite consumer product?
Replies: 332
Views: 67848

Re: What is your favorite consumer product?

Bustoff wrote:
Wed Feb 18, 2015 10:25 am
What consumer staple products do Bogleheads consider to be the best when it comes to food, beverage, personal or household products.
Apple. They’ve sold me everything
by flaccidsteele
Thu Jan 23, 2020 10:34 am
Forum: Investing - Theory, News & General
Topic: Ray Dalio - Worst asset you can have is cash?
Replies: 55
Views: 6626

Re: Ray Dalio - Worst asset you can have is cash?

watchnerd wrote:
Thu Jan 23, 2020 10:08 am
flaccidsteele wrote:
Thu Jan 23, 2020 10:02 am

Cash is trash unless you’re poor or middle-class
Where is the income / net worth cutoff line for where cash is/isn't trash?
If a person considers cash as “insurance policy/security blanket/sleep at night” as opposed to opportunistic “optionality”, they’re poor/middle-class
by flaccidsteele
Thu Jan 23, 2020 10:02 am
Forum: Investing - Theory, News & General
Topic: Ray Dalio - Worst asset you can have is cash?
Replies: 55
Views: 6626

Re: Ray Dalio - Worst asset you can have is cash?

Smith1776 wrote:
Thu Jan 23, 2020 1:28 am
https://youtu.be/MjxTvZRqCYc

https://youtu.be/I0niStqRw20

Buffett also slags cash, but of course when he says it, it's wisdom. When Dalio says it, it's somehow bizarre advice.
I agree

Dalio and Buffett are correct

Cash is trash unless you’re poor or middle-class
by flaccidsteele
Wed Jan 22, 2020 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Q/A for early retirees who retired before 50 and have been retired for at least 5 years.
Replies: 21
Views: 3702

Re: Q/A for early retirees who retired before 50 and have been retired for at least 5 years.

1) During your retirement did you find your expenses change over the years? Do you spend more or less and on what? I’m Canadian. In my 40s married and retired. Have 1 child I spent more because I had a child. It wasn’t crazy more, perhaps an extra $1k a month 2) During your retirement have you foun...
by flaccidsteele
Wed Jan 22, 2020 9:25 am
Forum: Personal Consumer Issues
Topic: Benefits of buying things secondhand?
Replies: 55
Views: 2848

Re: Benefits of buying things secondhand?

masterchief wrote:
Tue Jan 21, 2020 10:18 pm
Hi Bogleheads!

Any pros and cons of second hand items like, wrist watches, shoe etc

Many thanks
Andrei
Free bed bugs

Interesting smells
by flaccidsteele
Tue Jan 21, 2020 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Why retire?
Replies: 267
Views: 15062

Re: Why retire?

I'm in IT. I think for me it's less about the work itself (which I mostly enjoy) and more about the overhead of working. - pressure to keep up with technology - being impacted by off hours prod issues - forced overtime when projects get behind - having to commute in terrible traffic - having to wor...
by flaccidsteele
Sun Jan 19, 2020 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Why retire?
Replies: 267
Views: 15062

Re: Why retire?

From someone who is currently retired in my mid-40s I’ll speak to why I retired: 1. It’s difficult to find motivation to work when passive income is significantly higher than earned income. When I worked, my rentals produced more money than the job, so I literally spent nothing from my job (100% ban...
by flaccidsteele
Fri Jan 17, 2020 8:57 am
Forum: Investing - Theory, News & General
Topic: How is Berkshire Hathaway stock NOT a better investment than the index?
Replies: 43
Views: 5989

Re: How is Berkshire Hathaway stock NOT a better investment than the index?

I wouldn't want to own Brk specifically because of the cash drag. There is no cash drag Berkshire matches its cash and fixed income portfolio size to its insurance float (insurance liabilities) https://pbs.twimg.com/media/EJrbldAVAAAuk_a?format=jpg&name=small They are sitting on $128 billion in cas...
by flaccidsteele
Thu Jan 16, 2020 5:11 pm
Forum: Investing - Theory, News & General
Topic: Is Timing the Market Possible?
Replies: 26
Views: 2044

Re: Is Timing the Market Possible?

https://finance.yahoo.com/news/timing-market-possible-january-14-174705483.html It's just human that many surrender to emotions and attempt and game the framework by timing the market. But, think about this: Nobel Laureate William Sharpe found in 1975 that a market timer would need to be precise 74...
by flaccidsteele
Thu Jan 16, 2020 9:27 am
Forum: Investing - Theory, News & General
Topic: When to sell my Berkshire Hathaway stock?
Replies: 29
Views: 2739

Re: When to sell my Berkshire Hathaway stock?

One Acronym: DAF If you have ANY charitable donations, look into Donor Advised Funds, most if not all charitable giving that you do can be moved through a DAF like Fidelity's DAF. Regularly donate the lowest cost-basis shares of BRK.B to the DAF for the amount of your annual giving. It will help yo...
by flaccidsteele
Thu Jan 16, 2020 9:26 am
Forum: Investing - Theory, News & General
Topic: When to sell my Berkshire Hathaway stock?
Replies: 29
Views: 2739

Re: When to sell my Berkshire Hathaway stock?

I had a similar thought with a couple of month ago as I also have been holding BRK.B for a number. I then just ran a max comparison chart of it versus the Dow, SP500 and NASDAQ and decided to keep it. 8-) https://postimg.cc/jDzdm1yB Wow I didn’t buy all my Berkshire in the 90s but that graph defini...
by flaccidsteele
Thu Jan 16, 2020 4:36 am
Forum: Investing - Theory, News & General
Topic: When to sell my Berkshire Hathaway stock?
Replies: 29
Views: 2739

Re: When to sell my Berkshire Hathaway stock?

abuss368 wrote:
Wed Jan 15, 2020 10:56 pm
Jack Bogle has mentioned that investors should not own individual stocks as the risk is to great.
Bogle also recommended 60% US Market 40% US Bond Market 🤷‍♂️
by flaccidsteele
Wed Jan 15, 2020 1:02 pm
Forum: Investing - Theory, News & General
Topic: When to sell my Berkshire Hathaway stock?
Replies: 29
Views: 2739

When to sell my Berkshire Hathaway stock?

After reading the How is Berkshire Hathaway stock NOT a better investment than the index? thread, I agree with the idea to avoid buying individual stocks, including Berkshire Hathaway However, I started buying Berkshire Hathaway class B shares when I graduated from school back in the 90s and have si...
by flaccidsteele
Wed Jan 15, 2020 10:50 am
Forum: Investing - Theory, News & General
Topic: How is Berkshire Hathaway stock NOT a better investment than the index?
Replies: 43
Views: 5989

Re: How is Berkshire Hathaway stock NOT a better investment than the index?

I have a little more than 3000 shares of Berkshire Hathaway B shares. I started buying the 90s with my first pay check, but definitely wouldn’t buy the stock today as I now prefer indexing

However, I still haven’t sold any...
by flaccidsteele
Wed Jan 15, 2020 10:38 am
Forum: Investing - Theory, News & General
Topic: Rich people are hoarding cash
Replies: 233
Views: 33670

Re: Rich people are hoarding cash

I’m holding cash. I always hold cash after retirement accounts are full

Having cash was a lot of fun during the tech crash and credit crisis

Investors should try it!
by flaccidsteele
Mon Jan 13, 2020 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 802
Views: 83111

Re: Why are you NOT buying rental properties?

Back when I was buying, we (Canadians) were the largest foreign buyers of US RE Most were snowbirds looking for winter homes, but I was in my 30s and wanted cash flow. Specifically cash flow in US$ (since my expenses are in C$). I couldn't care less about a winter home Once the C$ went back to bein...
by flaccidsteele
Mon Jan 13, 2020 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 802
Views: 83111

Re: Why are you NOT buying rental properties?

I sense the post-2008 financial crisis presented a once-in-a-lifetime RE opportunity for some investors who had the dry powder. But I agree there are various strategies now if one wants to pursue RE. +1. Unfortunately I, and most of the people I know personally who have invested in residential real...
by flaccidsteele
Sun Jan 12, 2020 10:18 am
Forum: Investing - Theory, News & General
Topic: How is Berkshire Hathaway stock NOT a better investment than the index?
Replies: 43
Views: 5989

Re: How is Berkshire Hathaway stock NOT a better investment than the index?

I have some Berkshire. It's my only individual stock. To me the point of it is not that it will beat the S&P 500 during bull markets like the 2010s, because it won't. The point is that Berkshire has the amazing operating companies and is hoarding a ton of cash, well-positioned for the next recessio...
by flaccidsteele
Sun Jan 12, 2020 3:43 am
Forum: Investing - Theory, News & General
Topic: How is Berkshire Hathaway stock NOT a better investment than the index?
Replies: 43
Views: 5989

Re: How is Berkshire Hathaway stock NOT a better investment than the index?

Since it is a company that owns good companies, acquired at good valuations, chosen by probably the best investor ever and has a good track record, being too big is making it harderto keep increasing value, but even with that issue surely it would be better to only own quality stocks than some of t...
by flaccidsteele
Sun Jan 12, 2020 3:36 am
Forum: Investing - Theory, News & General
Topic: How is Berkshire Hathaway stock NOT a better investment than the index?
Replies: 43
Views: 5989

Re: How is Berkshire Hathaway stock NOT a better investment than the index?

I have some Berkshire. It's my only individual stock. To me the point of it is not that it will beat the S&P 500 during bull markets like the 2010s, because it won't. The point is that Berkshire has the amazing operating companies and is hoarding a ton of cash, well-positioned for the next recessio...
by flaccidsteele
Fri Jan 10, 2020 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 802
Views: 83111

Re: Why are you NOT buying rental properties?

I am only starting this thread because I was turned off to buying rental properties when I first started to read this forum. I now own several rental properties. Not only it is easier than I had expected, but I am also making a lot more money. I have a property manager who has been taking good care...
by flaccidsteele
Fri Jan 10, 2020 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 802
Views: 83111

Re: Why are you NOT buying rental properties?

The following is 28 year data on single family home rentals in 30 markets across the US. It looks at Total Return, Appreciation, rental Yield and Sharpe Ratio US cities ranked in decreasing order by Total Return Average Net Rental Yields, House Price Appreciation and Total Returns by city from 1986...
by flaccidsteele
Fri Jan 10, 2020 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 802
Views: 83111

Re: Why are you NOT buying rental properties?

The following is 28 year data on single family home rentals in 30 markets across the US. It looks at Total Return, Appreciation, rental Yield and Sharpe Ratio US cities ranked in decreasing order by Total Return Average Net Rental Yields, House Price Appreciation and Total Returns by city from 1986-...
by flaccidsteele
Fri Jan 10, 2020 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 802
Views: 83111

Re: Why are you NOT buying rental properties?

The inefficiencies in the residential real estate market are remarkable, and present a phenomenal opportunity for those willing to DIY or hire-out to perform simple cosmetic improvements. Exactly. This is why RE can be very profitable but there are people out there who don’t want to look at houses ...
by flaccidsteele
Fri Jan 10, 2020 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 802
Views: 83111

Re: Why are you NOT buying rental properties?

The inefficiencies in the residential real estate market are remarkable, and present a phenomenal opportunity for those willing to DIY or hire-out to perform simple cosmetic improvements. Exactly. This is why RE can be very profitable but there are people out there who don’t want to look at houses ...
by flaccidsteele
Fri Jan 10, 2020 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 802
Views: 83111

Re: Why are you NOT buying rental properties?

The inefficiencies in the residential real estate market are remarkable, and present a phenomenal opportunity for those willing to DIY or hire-out to perform simple cosmetic improvements. At age 26 I had saved up a minimum down payment on an older two-family home. I moved into the downstairs half a...
by flaccidsteele
Thu Jan 09, 2020 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 802
Views: 83111

Re: Why are you NOT buying rental properties?

I started buying rentals in 2009 Surprisingly everybody had a reason NOT to buy rentals back then. But I knew from speaking with seasoned real estate investors that most people against rentals were just scared and ignorant Real estate in many parts of the US was crazy cheap in 2009. It was stupid ea...
by flaccidsteele
Wed Jan 08, 2020 1:52 pm
Forum: Investing - Theory, News & General
Topic: Is Cash Trash? The Purpose of Cash
Replies: 246
Views: 31434

Re: Is Cash Trash? The Purpose of Cash

Simple Consider 2 investors living below their means If an investor cannot increase their means then cash is oxygen If an investor can increase their means then cash is trash. It must be deployed constantly How an investor considers cash is a good indicator of whether or not they are able to increas...
by flaccidsteele
Tue Jan 07, 2020 8:02 am
Forum: Personal Investments
Topic: Checking in After 10 Years... What Next?
Replies: 5
Views: 1573

Re: Checking in After 10 Years... What Next?

Greetings everyone, It has been almost ten years since I, a bleary-eyed youngster, first stumbled upon Bogleheads with a collection of actively managed funds and naive queries. Since then, I took a lot of advice from forum members, read various books on asset allocation, developed my own strategy, ...
by flaccidsteele
Mon Jan 06, 2020 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Question for Older Retirees, In Hindsight Would You Retire Earlier with Reduced Income/Savings?
Replies: 35
Views: 4106

Re: Probably not

Bogle7 wrote:
Mon Jan 06, 2020 3:16 pm
* For us, the difference between FI and FU is that now we fly business class on annual trips to Europe.
That’s only $2500 per person per year

http://www.firstclassfrequentflyer.com/ ... icing.html

That’s FU money?
by flaccidsteele
Mon Jan 06, 2020 3:02 pm
Forum: Personal Consumer Issues
Topic: Simplicity
Replies: 77
Views: 10553

Re: Simplicity

whodidntante wrote:
Sun Jan 05, 2020 11:56 pm
Abuss368, I hope that most people do not adopt a minimalist lifestyle. It could be bad for stocks. :happy
The economy will shift to downsizing businesses, clean up services, zen retreat meditation facilities :D
by flaccidsteele
Mon Jan 06, 2020 2:48 pm
Forum: Personal Investments
Topic: [Where should I invest after maxing retirement accounts?]
Replies: 24
Views: 1838

Re: What's next?

Put it in your taxable brokerage account. Long distance land lording is a recipe for disaster. If you get a property management firm they handle the headaches so you don't have to. Maybe, plenty of long distance property management horror stories out there. They also charge/overcharge for their ser...
by flaccidsteele
Mon Jan 06, 2020 9:14 am
Forum: Investing - Theory, News & General
Topic: Met my number. Now what?
Replies: 46
Views: 9503

Re: Met my number. Now what?

OP this also happened to me Your target is too low You underestimated your potential Your target should have been set much higher Why should his target have been set much higher? Or better yet, why should be set his target higher today since he doesn’t get a chance to redo what’s already happened u...
by flaccidsteele
Mon Jan 06, 2020 12:21 am
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 316
Views: 19487

Re: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"

So, should I own ex-US or not? Bogle said no. Buffet says I don't need it. So far, they've been right. I started investing in the 90s US only It’s been amazing They told me about Japan back then too. Glad I ignored them. Buffett and Bogle smarter than them anyway Never made a high income, but now o...
by flaccidsteele
Sun Jan 05, 2020 9:33 pm
Forum: Investing - Theory, News & General
Topic: Met my number. Now what?
Replies: 46
Views: 9503

Re: Met my number. Now what?

OP this also happened to me

Your target is too low

You underestimated your potential

Your target should have been set much higher
by flaccidsteele
Sun Jan 05, 2020 10:39 am
Forum: Investing - Theory, News & General
Topic: Do Home Prices Really Drop During a Recession, or was 2009 a Fluke?
Replies: 42
Views: 2959

Re: Do Home Prices Really Drop During a Recession, or was 2009 a Fluke?

.... Part of the whole reason the bubble blew up so big was that "housing never goes down" was the selling point. .... Yes housing prices can go down, but many people came out better for it. They simply stopped paying, saved the mortgage payment, and bought for cash after foreclosure. From what I r...
by flaccidsteele
Sun Jan 05, 2020 10:36 am
Forum: Investing - Theory, News & General
Topic: Do Home Prices Really Drop During a Recession, or was 2009 a Fluke?
Replies: 42
Views: 2959

Re: Do Home Prices Really Drop During a Recession, or was 2009 a Fluke?

2009 was in no way a normal event with respect to real estate. I guess you knew that. It may never happen like that again, ever. Or it may happen next year and worse. Just because it is unprecedented does not mean it can’t be repeated. I have beautiful dreams like this too, but always wake up disap...
by flaccidsteele
Fri Jan 03, 2020 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Medical school at 34 - Is this financial suicide?
Replies: 116
Views: 9660

Re: Medical school at 34 - Is this financial suicide?

OP is not helping their financial situation or their work-life balance

Other than that, the plan to become a physician at 34yo is fine

Personally I enjoy being FI in my 40s and spending time with my wife and child
by flaccidsteele
Fri Jan 03, 2020 10:24 pm
Forum: Investing - Theory, News & General
Topic: Do Home Prices Really Drop During a Recession, or was 2009 a Fluke?
Replies: 42
Views: 2959

Re: Do Home Prices Really Drop During a Recession, or was 2009 a Fluke?

Recession = house price decline is flawed I had the best time buying rental property in 2009-2012 The market collapses, I buy. That’s timing the market IMO The market tells me what to buy I wasn’t looking to buy rentals, but Back in 2009, the housing market told me to buy rentals So I did It probabl...
by flaccidsteele
Fri Jan 03, 2020 11:42 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1334
Views: 150137

Re: What frugal thing did you do today?

Nectarineman wrote:
Sun Dec 24, 2017 12:05 pm
Since frugality seems to be a way of life, what did you do today that was frugal?

As for me, worked out at the gym, but shaved and took an extra long shower there to save on my utilities.

:D
Instead of buying the iPad PRO I bought the base iPad and saved myself $1000! 👍
by flaccidsteele
Thu Jan 02, 2020 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Parents vs. Kids Paying for College
Replies: 171
Views: 6257

Re: Parents vs. Kids Paying for College

As a child, my siblings and I had always received cash as gifts. The funds went into an account for my college education, with no additional support from parents, and I was able to graduate without any debt (state school) and some left over. I see all the toys that my friends' children have/receive...
by flaccidsteele
Thu Jan 02, 2020 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Parents vs. Kids Paying for College
Replies: 171
Views: 6257

Re: Parents vs. Kids Paying for College

As a child, my siblings and I had always received cash as gifts. The funds went into an account for my college education, with no additional support from parents, and I was able to graduate without any debt (state school) and some left over. I see all the toys that my friends' children have/receive...
by flaccidsteele
Thu Jan 02, 2020 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Parents vs. Kids Paying for College
Replies: 171
Views: 6257

Re: Parents vs. Kids Paying for College

As a child, my siblings and I had always received cash as gifts. The funds went into an account for my college education, with no additional support from parents, and I was able to graduate without any debt (state school) and some left over. I see all the toys that my friends' children have/receive...
by flaccidsteele
Thu Jan 02, 2020 12:55 am
Forum: Personal Investments
Topic: Asset Allocation - Recession?
Replies: 23
Views: 2187

Re: Asset Allocation - Recession?

OP lives and invests in fear

They will always lose money

The market will take it or inflation+opportunity cost will take it

Inevitable
by flaccidsteele
Wed Jan 01, 2020 5:18 pm
Forum: Investing - Theory, News & General
Topic: Its all growth until it isn't.
Replies: 23
Views: 1568

Re: Its all growth until it isn't.

My question would be that as we have been in a growth era since 2009 /2010 and will be for another couple of years or more. How will people act during the next rising unemployment , bear market when equities take a dump. I know the Boglehead approach is buy, hold and forget it. Ride out the storm s...
by flaccidsteele
Wed Jan 01, 2020 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Parents vs. Kids Paying for College
Replies: 171
Views: 6257

Re: Parents vs. Kids Paying for College

We parented our children for them to become responsible adults — others I’m sure could be equally successful in launching their children and doing it differently than us, but this has nothing to do with intentionally depriving or burdening our children because of some idea that they need skin in th...
by flaccidsteele
Wed Jan 01, 2020 5:08 pm
Forum: Investing - Theory, News & General
Topic: Its all growth until it isn't.
Replies: 23
Views: 1568

Re: Its all growth until it isn't.

My question would be that as we have been in a growth era since 2009 /2010 and will be for another couple of years or more. How will people act during the next rising unemployment , bear market when equities take a dump. I know the Boglehead approach is buy, hold and forget it. Ride out the storm s...
by flaccidsteele
Wed Jan 01, 2020 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Parents vs. Kids Paying for College
Replies: 171
Views: 6257

Re: Parents vs. Kids Paying for College

I think many have that mentality. If their education was paid for by their parents, then they want to do same for their own kids..and those that had to pay their own way believe their kids should as well. Or like my sibling and I. Our education was paid for by our parents and I saw how little we va...
by flaccidsteele
Wed Jan 01, 2020 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Parents vs. Kids Paying for College
Replies: 171
Views: 6257

Re: Parents vs. Kids Paying for College

I think many have that mentality. If their education was paid for by their parents, then they want to do same for their own kids..and those that had to pay their own way believe their kids should as well. Or like my sibling and I. Our education was paid for by our parents and I saw how little we va...