Search found 289 matches

by Third Son
Wed Nov 25, 2020 2:11 pm
Forum: Personal Investments
Topic: Tips on "Don't Just Do Something, Stand There!"
Replies: 26
Views: 1955

Re: Tips on "Don't Just Do Something, Stand There!"

I just retired after 38 years in my field. Married. One income. Four kids... Parochial school and college, braces. Mortgage. Vacations. Coaching soccer, t-ball, basketball. Hardly ever looked at my 401k. Kept adding to %contributed after a raise or bonus. Started thinking about retirement about 2 ye...
by Third Son
Thu Nov 12, 2020 11:23 am
Forum: Investing - Theory, News & General
Topic: Taylor Sends His Best to Fellow Bogleheads
Replies: 278
Views: 20184

Re: Taylor Sends His Best to Fellow Bogleheads

Get well NOW! Thanks Taylor and all the best!
by Third Son
Mon Nov 09, 2020 6:58 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 10475
Views: 827320

Re: U.S. stocks continue to soar!

Sea of green. Europe and Asia so far. Up next, USA. :moneybag Now heading greener than green... seemingly in response to this. What a week it has been! https://www.nytimes.com/2020/11/09/health/covid-vaccine-pfizer.html I just retired from Pfizer in February. Glad to see this is getting some tracti...
by Third Son
Sat Oct 17, 2020 10:48 am
Forum: Investing - Theory, News & General
Topic: Bogleheads are good at market timing
Replies: 81
Views: 6960

Re: Bogleheads are good at market timing

According to our wiki page on Market Timing , it is: Market timing refers to act(s) of investing based on the condition of the market as opposed to personal characteristics.[notes 1] I think it is quite the opposite, that NOT re-balancing is a form of market timing. This is definitely NOT market ti...
by Third Son
Wed Oct 07, 2020 6:13 am
Forum: Personal Finance (Not Investing)
Topic: If you have a pension, how do you view it?
Replies: 203
Views: 14387

Re: If you have a pension, how do you view it?

I view my pension and SS as the main source of income. I plan to leave the bulk of my 401(k) to my only child. A new benefit in my pension was started a number of years ago allows you to "leave" your pension to a child, trust, or significant other if you die before starting to receive it....
by Third Son
Tue Oct 06, 2020 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: If you have a pension, how do you view it?
Replies: 203
Views: 14387

Re: If you have a pension, how do you view it?

I took my pension as a lump sum and rolled it into an IRA. If I had it annuitized the break even point would have been 16.6 years. I decided the money would serve us better invested. I believe Megacorps would prefer lump sum payouts since then it gets written off their books and is more cost effecti...
by Third Son
Tue Oct 06, 2020 5:13 pm
Forum: Investing - Theory, News & General
Topic: Rethinking bonds
Replies: 78
Views: 8225

Re: Rethinking bonds

Bonds definitely did their job today.
by Third Son
Fri Oct 02, 2020 3:56 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20723
Views: 2832251

Re: U.S. stocks in free fall

I just sold all of the stocks and ETFs in my taxable account yesterday. I feel equities are way overpriced right now and am planning to continue my strategy of selling moderately out-of-the-money puts to collect put premiums and potentially acquire stocks at cheaper prices if the market drops then ...
by Third Son
Tue Sep 29, 2020 6:43 am
Forum: Personal Investments
Topic: is this market timing? or better
Replies: 24
Views: 1817

Re: is this market timing? or better

k1982 wrote: Mon Sep 28, 2020 1:52 pm very true...don't want to be sitting on sidelines while all time highs stay there for 10 years or more building on top of each other...
Then "invest you must".
by Third Son
Tue Sep 29, 2020 6:41 am
Forum: Personal Investments
Topic: is this market timing? or better
Replies: 24
Views: 1817

Re: is this market timing? or better

k1982 wrote: Mon Sep 28, 2020 1:38 pm
I just hate buying at all time highs :(

I'm still trying to figure out how I'm making money this year even though i bought most of the VFIAX fund in January lol (all time highs)

I have never understood this statement. We are usually at all time highs
by Third Son
Thu Sep 24, 2020 8:10 am
Forum: Investing - Theory, News & General
Topic: What did your accounts look like in your 30's?
Replies: 89
Views: 7981

Re: What did your accounts look like in your 30's?

I really was too busy to look. I started thinking about it in my 50s but had contributed since 23. I kept bumping up my contributions with every pay increase while raising four kids on one income. It does add up.
by Third Son
Sun Sep 20, 2020 5:10 pm
Forum: Investing - Theory, News & General
Topic: Is anyone waiting until after the election?
Replies: 380
Views: 31227

Re: Is anyone waiting until after the election?

Loandapper wrote: Sun Sep 20, 2020 3:29 pm I know, I know: Time in the market, not timing the market.

BUT:

I have some new cash (about 6% of total portfolio) and I'm curious whether anyone else is waiting until after the US election in 45 days?
I'm putting it all on 7 and letting it ride...... Um, no.
by Third Son
Sun Sep 20, 2020 9:13 am
Forum: Investing - Theory, News & General
Topic: Chris Hogan's Facebook Group restrictions
Replies: 52
Views: 3592

Re: Chris Hogan's Facebook Group restrictions

Folks who visit this site are looking for solid financial advice without having to pay for the service. Jack Bogle realized decades ago that fees are counter intuitive to efficient returns. Those who heed Hogan /Ramsay's mantra either don't know or don't care. For my money, I'll stick with below av...
by Third Son
Sun Sep 20, 2020 8:32 am
Forum: Investing - Theory, News & General
Topic: Chris Hogan's Facebook Group restrictions
Replies: 52
Views: 3592

Re: Chris Hogan's Facebook Group restrictions

I used to watch his YouTube videos, and I enjoy general financial discussion. Also his baby steps are easy to follow, although I do not subscribe to following them in the exact order. It is interesting the point you make about Dave's audience being broke people knowing nothing bout money as these a...
by Third Son
Mon Sep 14, 2020 3:41 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 10475
Views: 827320

Re: U.S. stocks continue to soar!

Pretty much EVERY prediction he has made has turned out wrong. Just note the name, do not ever make any financial decisions based on what he writes. Nobody can predict the future. And he knows this by now. So he's pretty much trolling at this point, since he keeps making predictions with utter cert...
by Third Son
Mon Aug 31, 2020 5:22 pm
Forum: Personal Investments
Topic: Lump Sum purchase in current market
Replies: 19
Views: 1080

Re: Lump Sum purchase in current market

I was fortunate to come into a windfall of $250K in July of this year and the plan is to put it into my brokerage account. Allocation is set to be 70% VTSAX & 30% VTIAX. I had decided to spread out the purchase through DCA every 2 weeks through October as that was what I felt my risk tolerance ...
by Third Son
Tue Aug 25, 2020 1:43 pm
Forum: Personal Investments
Topic: Inheritance for ex wife tax questions
Replies: 4
Views: 742

Re: Inheritance for ex wife tax questions

I think it is a mistake to handle this money as a separate entity. The rational thing to do is to add it to the total investment portfolio, some of which is held in tax deferred account and some of which will now be held in a taxable account. At that point one considers the overall asset allocation...
by Third Son
Tue Aug 25, 2020 10:01 am
Forum: Personal Investments
Topic: Inheritance for ex wife tax questions
Replies: 4
Views: 742

Inheritance for ex wife tax questions

Good morning. I am asking this question here because I figured you folks would know the answer. A good friend of our's recently experienced the death of her ex-husband. They remained amicable following the divorce. She was told after his death that she inherited $150K from her ex-husband's insurance...
by Third Son
Mon Aug 24, 2020 3:27 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 10475
Views: 827320

Re: U.S. stocks continue to soar!

It's hard to come up with quantitative measures and strictly follow them. The psychological aspect of investing is super tough. Right now, I'm toying around with the idea of using the 20 day moving average for selling TQQQ. My current strategy has been to buy on big dips and sell when I make more t...
by Third Son
Sun Aug 23, 2020 9:57 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 10475
Views: 827320

Re: U.S. stocks continue to soar!

That was all well and good but to the point... Is the market efficient? To some degree yes and to some degree we don't know. I really enjoy researching and listening to Dr. Fama as he's very realistic and honest about this hypothesis and constantly researching how the market is efficient. Or not. T...
by Third Son
Sat Aug 22, 2020 7:42 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 10475
Views: 827320

Re: U.S. stocks continue to soar!

I provided that in this thread , which is now closed. PM me if you wish to discuss it. And also when your gut tells you to? :beer It's hard to come up with quantitative measures and strictly follow them. The psychological aspect of investing is super tough. Right now, I'm toying around with the ide...
by Third Son
Sat Aug 22, 2020 6:49 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 10475
Views: 827320

Re: U.S. stocks continue to soar!

History has shown, quite robustly, that valuations are not reliably mean reverting. Heck, we don't even know which mean they might revert to (e.g. the last 10, 20, 50, 100, etc. years?). Further, seemingly high valuations do not preclude good returns, and apparently low valuations can be followed b...
by Third Son
Thu Aug 20, 2020 5:06 pm
Forum: Investing - Theory, News & General
Topic: Advice to a Millennial about nest egg "Critical Mass"
Replies: 150
Views: 17424

Re: Advice to a Millennial about nest egg "Critical Mass"

I, a recently retired Boomer teacher, recall advising a millennial science teacher colleague that he would need a nest egg of at least $1,000,000 to retire comfortably. He looked at me incredulously, and said something like, "OMG, how could I possibly ever attain that amount of money?" I ...
by Third Son
Thu Aug 20, 2020 3:47 pm
Forum: Investing - Theory, News & General
Topic: Advice to a Millennial about nest egg "Critical Mass"
Replies: 150
Views: 17424

Re: Advice to a Millennial about nest egg "Critical Mass"

I, a recently retired Boomer teacher, recall advising a millennial science teacher colleague that he would need a nest egg of at least $1,000,000 to retire comfortably. He looked at me incredulously, and said something like, "OMG, how could I possibly ever attain that amount of money?" I ...
by Third Son
Mon Aug 17, 2020 7:36 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 10475
Views: 827320

Re: U.S. stocks continue to soar!

rockstar wrote: Mon Aug 17, 2020 6:49 pm The market is getting ridiculously expensive. But what's the alternative?
How does it get cheaper? Please explain.
by Third Son
Mon Aug 17, 2020 5:43 pm
Forum: Investing - Theory, News & General
Topic: Won the game
Replies: 49
Views: 7655

Re: Won the game

Like George Costanza, I got out on a high note.
by Third Son
Sat Aug 15, 2020 8:22 pm
Forum: Personal Investments
Topic: Too much bond+cash. What is the best option?
Replies: 16
Views: 1471

Re: Too much bond+cash. What is the best option?

I get you have a surplus each year, but what’s your EF at? One year, two years? That’s a bucket. Save 3 years EF and invest the rest. That’s a pretty conservative approach. And trust me I’m not risky at all : ) What is EF? That is new term for me. If it is some sort of expense calculation then we w...
by Third Son
Wed Aug 12, 2020 6:14 am
Forum: Personal Investments
Topic: Moving to Cash?
Replies: 158
Views: 11558

Re: Moving to Cash?

Dow is 28,000, with an all time high pre corona virus of 29,000, it seems irrational to have the Dow only 3ish% off the all time high with so many unemployed, no end to corona in sight, rising national debt, retail is a mess, real estate especially commercial is a mess. I am thinking it is best to ...
by Third Son
Tue Aug 11, 2020 2:38 pm
Forum: Personal Investments
Topic: Moving to Cash?
Replies: 158
Views: 11558

Re: Moving to Cash?

Dow is 28,000, with an all time high pre corona virus of 29,000, it seems irrational to have the Dow only 3ish% off the all time high with so many unemployed, no end to corona in sight, rising national debt, retail is a mess, real estate especially commercial is a mess. I am thinking it is best to ...
by Third Son
Wed Aug 05, 2020 12:10 pm
Forum: Investing - Theory, News & General
Topic: Anyone else hoarding cash right now?
Replies: 204
Views: 23029

Re: Anyone else hoarding cash right now?

I stopped investing in my taxable back in March and can't bring myself to start again. I'm still investing automatically in my 401k. I'm just holding onto my cash in case of a worst case scenario if society collapses and I need liquid funds. I don't mean the case where you'd have to live in a bunke...
by Third Son
Mon Aug 03, 2020 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: I was recently given a 14% raise and...
Replies: 47
Views: 6711

Re: I was recently given a 14% raise and...

Every time I received a raise I increased my contribution to my 401k. When the raise was substantial, the increase was as well. That eventually allowed me to retire earlier than I had planned with enough savings to live comfortably.
by Third Son
Wed Jul 29, 2020 6:03 pm
Forum: Investing - Theory, News & General
Topic: How did you determine risk tolerance?
Replies: 106
Views: 6428

Re: How did you determine risk tolerance?

In an old Calvin and Hobbes strip, Calvin asked his dad how they determined weight restrictions on bridges. His dad said "they just keep driving heavier and heavier trucks over it until it collapses. Then they weigh the last truck and rebuild the bridge." Kinda like that. I was lucky that ...
by Third Son
Sun Jul 19, 2020 3:00 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey - 12% per year from mutual funds?
Replies: 118
Views: 5241

Re: Dave Ramsey - 12% per year from mutual funds?

Don't worry about cluttering up the forum, and sorry you got criticized. Sure, us regulars hate topics that keep coming up again and again, but, frankly, the PHPbb (forum software)'s search function sucks, and it's not really that easy to find the older discussions. I have a much easier time doing ...
by Third Son
Fri Jul 10, 2020 10:25 am
Forum: Personal Investments
Topic: Reducing expense ratios: How and when to move Roth IRA funds to something better?
Replies: 22
Views: 1262

Re: Reducing expense ratios: How and when to move Roth IRA funds to something better?

Even in retirement, I am keeping all Roth monies in equity positions. I expect to draw from this account last (if at all) and want to keep investments there the most aggressive. Mostly FSKAX (Fidelity Total Market Index Fund). I would just transfer in-kind to your preferred brokerage and convert fro...
by Third Son
Fri Jul 10, 2020 6:43 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20723
Views: 2832251

Re: U.S. stocks in free fall

RayKeynes wrote: Thu Jul 09, 2020 10:17 am Any reason for the drop?
There are so many moving parts in the world that any market movement can't be pinned on one thing. I am surprised this questions keeps coming up and even more so that folks try to answer it.
by Third Son
Tue Jul 07, 2020 5:20 pm
Forum: Personal Investments
Topic: Do you ever feel you've missed out due to the 3-fund portfolio?
Replies: 125
Views: 9929

Re: Do you ever feel you've missed out due to the 3-fund portfolio?

The bigger they are, the harder they fall. I am recently retired, having used a two fund portfolio for 80% of my investments. The other 20% was invested by a investment brokerage who made very little for me over the years. I still was able to retire comfortably at 60. Don't be fooled...there are ver...
by Third Son
Fri Jul 03, 2020 8:29 pm
Forum: Investing - Theory, News & General
Topic: 2 and 3 fund funders - sticking soley with Total Bond?
Replies: 49
Views: 4744

Re: 2 and 3 fund funders - sticking soley with Total Bond?

DW and I are both retired, we have everything except for our taxable account at Fidelity. We're holding FXNAX (Fidelity's total bond index fund) there. The only exception is that I have about three years' worth of expense draw in FUMBX (short-term Treasury index fund) as a liability-matching move (...
by Third Son
Tue Jun 30, 2020 5:38 am
Forum: Investing - Theory, News & General
Topic: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement
Replies: 155
Views: 24527

Re: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement

JackoC, I get it. I really do. I get the fear that this time is different. The math makes it so compelling. Maybe the answer is to buy an annuity and risk a little more in equities. Maybe it is being ready and able to spend just a little bit less if the markets are not favorable. I would be okay wi...
by Third Son
Fri Jun 26, 2020 5:34 pm
Forum: Personal Investments
Topic: Fidelity Money Market Fund suggestions?
Replies: 23
Views: 1601

Re: Fidelity Money Market Fund suggestions?

I was hoping for a few more ideas. Thanks for those who responded. A few more ideas? You're asking the impossible. There are no more alternatives than the ideas that have been suggested to you. This is a bad time in the US economy to hold money in any form of "cash." Not necessarily true ...
by Third Son
Fri Jun 26, 2020 4:26 pm
Forum: Personal Investments
Topic: Fidelity Money Market Fund suggestions?
Replies: 23
Views: 1601

Re: Fidelity Money Market Fund suggestions?

I was hoping for a few more ideas. Thanks for those who responded.
by Third Son
Thu Jun 25, 2020 5:42 pm
Forum: Personal Investments
Topic: Fidelity Money Market Fund suggestions?
Replies: 23
Views: 1601

Re: Fidelity Money Market Fund suggestions?

As far as money market funds go, the yield is the more telling statistic than the expense ratio since all yields are net of expenses. I'm afraid you're in for a long wait if you hope to leave the money at Fidelity for two years in a money market fund. SPAXX is currently paying .01% yield. Most folk...
by Third Son
Thu Jun 25, 2020 5:23 pm
Forum: Personal Investments
Topic: Fidelity Money Market Fund suggestions?
Replies: 23
Views: 1601

Re: Fidelity Money Market Fund suggestions?

As far as money market funds go, the yield is the more telling statistic than the expense ratio since all yields are net of expenses. I'm afraid you're in for a long wait if you hope to leave the money at Fidelity for two years in a money market fund. SPAXX is currently paying .01% yield. Most folk...
by Third Son
Thu Jun 25, 2020 5:14 pm
Forum: Personal Investments
Topic: Fidelity Money Market Fund suggestions?
Replies: 23
Views: 1601

Fidelity Money Market Fund suggestions?

Bogleheads: I have $500K sitting in my core position (from a lump sum pension) in Fidelity in a tax advantaged account that I would like to keep in money market environment for the next couple of years. I am in retirement and currently have a 35/65 AA with Fidelity in two funds. When looking into th...
by Third Son
Thu Jun 18, 2020 2:52 pm
Forum: Investing - Theory, News & General
Topic: "Is this time different?"
Replies: 77
Views: 5766

Re: "Is this time different?"

Ah yes...our weekly "It's different this time thread". I think every time is different. That's what make this the same.
by Third Son
Mon Jun 15, 2020 8:11 am
Forum: Investing - Theory, News & General
Topic: Is the bond tent effective at reducing SoRR?
Replies: 23
Views: 1478

Re: Is the bond tent effective at reducing SoRR?

After reading multiple threads and articles this is still not clear to me: Is the bond tent strategy effective at reducing sequence of returns risk? I'm asking this as a general question but it also applies directly to my personal situation. I retired in 2019 with about 50/50 asset allocation. I wa...
by Third Son
Sat Jun 13, 2020 10:33 am
Forum: Investing - Theory, News & General
Topic: The “Abandon Bonds” strategy
Replies: 259
Views: 28175

Re: The “Abandon Bonds” strategy

Yet another thread dissing bonds. I find them quite valuable in my retirement,allowing me to stabilize my portfolio in volatile times. Plus they make a bit of interest for me as well. What more could I ask?
by Third Son
Sat Jun 06, 2020 5:25 pm
Forum: Personal Investments
Topic: Retirees: what is your AA?
Replies: 80
Views: 4128

Re: Retirees: what is your AA?

60 yo... 40/60 Two funds
by Third Son
Sat Jun 06, 2020 8:35 am
Forum: Personal Investments
Topic: Bonds in a portfolio
Replies: 13
Views: 1379

Re: Bonds in a portfolio

diyinvestor wrote: Fri Jun 05, 2020 10:28 pm Since bond funds can decrease in value, and are not risk free, why not use cash as the safe and stabilizing part of a portfolio?
I am making money off of my bonds. Where is the problem?
by Third Son
Sat Jun 06, 2020 8:26 am
Forum: Personal Investments
Topic: Is there a retirement savings "crunch time"- and are we in it??
Replies: 30
Views: 3792

Re: Is there a retirement savings "crunch time"- and are we in it??

In process of updating our retirement savings spreadsheets including projected rate of return and milestones along the way. This process has made me wonder if there is a retirement savings "crunch time" , and if we are in it. By " crunch time" I mean: - If we continue to hit sav...
by Third Son
Fri May 29, 2020 10:05 am
Forum: Personal Investments
Topic: Have you been following your IPS?
Replies: 42
Views: 2133

Re: Have you been following your IPS?

I don't have one so yes....or no. My portfolio is so boring that I don't need one. But then I am retired and lead a pretty simple life.