Bogleheads.org

canadianbacon

When you say it's gonna happen now
When exactly do you mean?
See I've already waited too long
And all my hope is gone.

canadianbacon

Always funny to watch the markets on a day where US markets are closed but Canadian markets are open.

VCN (Canadian Index) - +0.11%
XUU (US Index) - +0.49%
VIU (International Developed) - +0.64%

So I guess we're soaring

.

canadianbacon

I just spent the last hour de-risking my portfolio. 65% stocks, 35% gold & bonds. Who is to say the next market meltdown won't be 60%+ instead of 50% as in the GFC, and it may not bounce back so quickly. Investors who are 100% stocks will be looking very foolish this year. So even YOU didn't be...

canadianbacon

I just spent the last hour de-risking my portfolio. 65% stocks, 35% gold & bonds. Who is to say the next market meltdown won't be 60%+ instead of 50% as in the GFC, and it may not bounce back so quickly. Investors who are 100% stocks will be looking very foolish this year. So even YOU didn't be...

canadianbacon

Steve Reading wrote: ↑Fri Jan 15, 2021 10:58 am
H-Town wrote: ↑Fri Jan 15, 2021 10:52 am
Steve Reading wrote: ↑Fri Jan 15, 2021 10:45 am Jesus this is brutal. Market at levels we haven't seen since the first week of this year.
You forgot several circuit breakers in a row March 2020?
What makes you think I did?

I think H-Town forgot we are in a new year

.

canadianbacon

It really depends on expenses. 2.5M is plenty of money for most people.

canadianbacon

By not owning individual stocks I have missed out on many winners, and also many losers.

I have ethical issues with Bitcoin and would be uncomfortable making money with it.

Index ETFs have been good to me and I am not that greedy.

canadianbacon

I've been retired for almost 10 years and the more time I'm home the more I feel that working was overrated. Sure we needed the money and it was challenging (and very stressful) at times, but all the hoopla about acheiving goals, one's potential...blah, blah, blah...seem overblown to me. Love where...

canadianbacon

Great post by Nigel. I’ve always wanted diversity in my teams, including age diversity, because you get the benefit of lessons learned. You do have to find the right kind of person, who is interested and able to learn new things, but that combo pays for itself by limiting costly mistakes.

canadianbacon

A major behavioral mistake investors can make is thinking the markets share their opinions.

canadianbacon

jfn111 wrote: ↑Sun Jan 03, 2021 6:33 pm I still mow my own grass but did get a plow service for the driveway. I'm getting tired of MN winters.

Canadian here, and same.

canadianbacon

You need an asset allocation that will keep you from unwise movements when things on the nightly news panic you. Lol. It was not panic, it was greed. In the early weeks of Covid, I felt that the market was being slow to react to it because it was being downplayed a lot by various people. I was righ...

canadianbacon

My son discovered wallstreetbets on reddit. He has a Robinhood account. He's doing surprisingly well. Are you familiar with the wallstreetbets user who lost $60,000 on a $5,000 Robinhood investment? 1R0NYMAN If you do something dumb enough to cause Robinhood to change its rules, you are a legend. O...

canadianbacon

Reddit has moderation and it’s often poor— inconsistent, playing favorites, grinding personal axes, etc.

canadianbacon

And nobody told OP that if he was so sure about market highs that he needed to go 100% stocks and add some leverage on top. I believe someone asked OP on page 1 if they were intending to go to 100/0 stocks. But feel persecuted if you want. I don't feel persecuted. I just find the hypocritical behav...

canadianbacon

ImUrHuckleberry wrote: ↑Thu Dec 31, 2020 10:39 am And nobody told OP that if he was so sure about market highs that he needed to go 100% stocks and add some leverage on top.

I believe someone asked OP on page 1 if they were intending to go to 100/0 stocks. But feel persecuted if you want.

canadianbacon

As long as we don't get our asses kicked tomorrow I should be able to make a decent charitable donation and start 2021 with a VPW amount of ~34000.

canadianbacon

No, I don't buy that. If you have 90K in equities and 10K in bonds, and a 100K EF in cash, you are not 90/10. You are 45/5/50. Well, that's a bit stretched. My view of EF is something along the lines of: 2.5MM total, 50K EF, 2.2M equities, 245K bonds (90/10 excl. cash). Thank you, this is what I wa...

canadianbacon

Check my math because it looks like buying the dip worked to negate SORR for 2000...that looks too good to be true... There are variables in this strategy; you have an initial AA, and a series of more aggressive AAs with timing to get into and out of each one, a timing for rebalancing, and so on. Y...

canadianbacon

You do keep saying this and it would help to know what size EF you mean, since that has implications on AA. It would certainly depend on one's situation. But it has no bearing on AA because I'd have EF outside of AA. No, I don't buy that. If you have 90K in equities and 10K in bonds, and a 100K EF ...

canadianbacon

Marseille07 wrote: ↑Tue Dec 29, 2020 7:17 pm Well, as I was saying earlier, imo it's better to have a good amount of EF, maintain high-equities AA and ride out the downturns.

You do keep saying this and it would help to know what size EF you mean, since that has implications on AA.

canadianbacon

For any fellow Canucks, I was able to get a Steelcase Leap V2 from https://www.crandalloffice.com/shop/cha ... ice-chair/ but I had to use their sister website, www.steelcasechairparts.com to get shipping to Canada. Shipping also isn't cheap from there but it's still a much better deal than buying n...

canadianbacon

Learned a lot, actually, both general finance and economics info I hadn’t been exposed to, and more practical/psychological lessons from experiencing the early-year downturn.

canadianbacon

I "drive" a 2015 Hyundai Sonata. I have put 1100 km on it since February.

canadianbacon

Because a 85% drop where recovery takes 180 months to recover sucks if you are 100/0? (Aka 1929) That said I haven’t looked at the outcome of retiring roaring 20s at 70/30 and switching to 100/0 in 1929...the analysis should take into account that most folks will retain other assets like house and ...

canadianbacon

I bought a stealcase leap v2 from https://www.crandalloffice.com/shop/chairs/steelcase/462-leap-v2/remanufactured-steelcase-462-leap-v2-office-chair/ It is just as nice as the brand new one I had at my old job. Wow, could not have asked for better help. Thank you. I see they also have refurbished A...

canadianbacon

Looking into office chairs now. I'm finding the Herman Miller and the Steelcase Leap are pretty pricey for my liking. This article says good things about the Nouhaus Ergo3D, which is just over 300 USD: http://ergonomictrends.com/best-ergonomic-office-chairs-reviews-buyers-guide/ Anybody got experien...

canadianbacon

Cons: - Lots of favoritism/politics - hindering growth - most of our org is ignored, except few favorites. - Slow progression in career - very slow. Might get a promotion after 15 years! - Does not reward talent/work - but wants work done. - High ego, pettiness and jealousy from bosses. - Some micr...

canadianbacon

Just live below your means, save a decent amount, and adjust as you go based on actual returns. There's no reason to make changes based on "expected" returns. +1 This is the most actionable post in this entire thread. Plan for the worst, hope for the best, and be flexible enough to modify...

canadianbacon

Wow, surprised to see no posts here today. What a ride today was (from futures, to open, to close)... impressive moves! - 5:55am ET: The low in S&P futures (3596) - 10:20am ET: The low during regular trading hours (3625) - 4:00pm ET: Closing (3695) was ~100 points above the pre-market low. It’s...

canadianbacon

You are making crazy money. Lifestyle and spending habits will be the determining factor for you becoming FI, not whether you can squeeze an extra 10-20% income.

canadianbacon

Serious question here. Are "Stonks" a new alternative investment? What role are they supposed to play? I'm a little leery of alternatives that "are as safe as treasuries but have stock like returns". No, it's Internet jargon. I think the misspelling is meant to reflect the new w...

canadianbacon

We have around 20 years of living expenses in Fixed Income, I think that should suffice for the Bond Tent during present years & also SORR. We will probably face a Rising Equity Glide path.(Michael Kitches) [...] Our Portfolio is around 60/40, with 35% Bonds /5 Cash [...] Please critique / find...

canadianbacon

I'm already at this point and there's an alternative to your straight forward method. If I'm given a task I don't want to do, I say "yes" and I simply don't do it. As with many management dreamed up projects, nobody really needs it done and it's not productive in any way. Learned this one...

canadianbacon

Rare day for me, everything is (slightly) Green: equities, bonds, and USD. Something's gotta flip.

canadianbacon

Watching the last week as a Canadian was interesting, because my portfolio barely moved. USD/CAD fell from 1.298 to 1.278, which effectively negated the rise in US markets.

canadianbacon

pokebowl wrote: ↑Fri Dec 04, 2020 11:33 am
canadianbacon wrote: ↑Fri Dec 04, 2020 11:29 am
I am more of a cat person. Which of these sensible investments is right for me?
You jest, but those actually exist, look up Catcoin (CAT)

Excellent, everything on CAT!

canadianbacon

H-Town wrote: ↑Fri Dec 04, 2020 9:54 am The panic selling/market timing during COVID seems like forever ago. I wonder if those market timers would look back and learn from their mistakes.

Didn’t you hear? They all perfectly timed the low and are back better than ever. At least that’s what the posts will say

canadianbacon

I got a cat. He definitely isn’t cheap but in part from choices I made: wet food only, indoor cat so lots of litter changes. He still has to go in for Mr. Snippy.

canadianbacon

a) What kind of crypto have you purchased b) Where did you purchase it from c) How much (if you feel comfortable answering of course) d) Why did you take the leap a) Dogecoin b) Robinhood c) 1,755 Doge/ or $3.94 at the time d) Robinhood gave me a free trade when I signed up. Figured I'd use their m...

canadianbacon

I've been noticing theres been a few threads about crypto. Was there a chapter in the 3 fund portfolio I missed about it? Because I have none. As a young boglehead I just buy and hold Total Stock Market, Total World Stock Market, and S&P 500 til I can grow into 6 figures and than I'll begin add...

canadianbacon

With a house, I was feeling trapped because one cannot leave the house unattended for any significant number of days. With covid, I am very glad I am in a detached house. I can't imagine being confined in an apartment so close to neighbors. I'm also very glad I'm not working in an office. When covi...

canadianbacon

Armani wrote: ↑Sun Nov 29, 2020 2:37 pm How does a guy like him earn money if he suggests everyone buy index funds like a bogelhead?

They prevent you from screwing it up, basically. All the people here who dumped everything in Feb/Mar... if they had an advisor, that probably doesn't happen (or it's a lot harder to make that mistake).

canadianbacon

Major red flag for the high-flying tech stocks as Bitcoin crashes inside the last 12 hours. It might be a delayed reaction to the markets as in February 2018, but Bitcoin is essentially the ultimate tech story stock, if Bitcoin goes south this is a leading indicator that the animal spirits are exha...

canadianbacon

I hit my rebalance point twice during the fun in February and March. Harder to hit them on the way up because I continually have new money coming in from income and I’m buying bonds in the retirement account which keeps pace with the equity gains.

canadianbacon

beandeveloper wrote: ↑Sun Nov 22, 2020 7:30 pm
Nicolas wrote: ↑Sun Nov 22, 2020 1:56 pm Yes this is nice. But we still have the cats waking us up. They must be fed at 7am, and they don’t observe daylight savings time
Nor do they care you're retired! How inconsiderate......

From their perspective, you continue to be an indentured servant.

canadianbacon

Blue456 wrote: ↑Mon Nov 23, 2020 11:19 am
lostdog wrote: ↑Mon Nov 23, 2020 11:17 am so much for soaring today.
Yeah. So markets don’t like the new vaccine enough? What’s the deal?

Small caps are up and tech is down, which is what I'd expect with positive vaccine news.

canadianbacon

I'm finally giving up the french press and waffling between these two machines - similar price range, brew time, and footprint. The OXO one is the new version, the previous one was SCA certified. I think that I could rig the Bonavita up to use a remote on the outlet to turn it on from bed (yes I've...

canadianbacon

so back to my previous question. Name me one scenario right now or in coming months where the market would pull back at least 20% for a solid 12 months? Not trying to get political either. [Political comment removed by Moderator Misenplace.] A meteor strike should do it. I think if you're asking th...

canadianbacon

Yeah 4% WR is probably doable, with increased risk of running out of money. Personally I wouldn't even do 3% - I'd much rather have more piled up upfront instead. For anyone who is predisposed to a conservative approach, it may be eye-opening to try the rich-broke-dead calculator here: https://enga...

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