Search found 14 matches

by eco_eco
Sat Aug 22, 2020 3:47 pm
Forum: Investing - Theory, News & General
Topic: Biggest regrets and advice for newbies.
Replies: 59
Views: 8255

Re: Biggest regrets and advice for newbies.

Everyone has already listed out a great set of advice - my additions are: - keep a growth mindset. Don’t fall into the trap of thinking you know everything that you need to. Always keep learning and striving to understand something new. As life goes on you build up mastery of some subjects, keep the...
by eco_eco
Fri Aug 21, 2020 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Are emergency funds for suckers?
Replies: 202
Views: 16272

Re: Are emergency funds for suckers?

In my particular case, DW likes to keep a lot of cash available for her comfort. Keep your wife comfortable. That what money is for. Oh, and don't forget: Why women are better at investing This. There are two of you involved and (in my opinion) people should invest with the risk profile of the most...
by eco_eco
Fri Aug 21, 2020 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Percent of Net Worth in Home too Much?
Replies: 27
Views: 2392

Re: Percent of Net Worth in Home too Much?

I keep our house in our net worth considerations as (during our accumulation stage), we’ve always wanted to make sure we were using the equity growth within the house to boost our overall performance. We’ve borrowed against the house to purchase rental property and stocks. We have been very comforta...
by eco_eco
Fri Aug 21, 2020 2:59 pm
Forum: Investing - Theory, News & General
Topic: When should one share financials with their children?
Replies: 205
Views: 13495

Re: When should one share financials with their children?

I struggled greatly with this one. I'm one of those guys that grinded out savings & invested monthly, kept my cost down and pretty much kept quiet about my financials. I think I qualify for one of those millionaire next door slots. However, I have one daughter that likes to spend, she's in her ...
by eco_eco
Fri Aug 21, 2020 2:33 pm
Forum: Investing - Theory, News & General
Topic: Advice to a Millennial about nest egg "Critical Mass"
Replies: 150
Views: 17842

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

While I love xkcd, thats a bit off. 2% doesn't seem like a lot, because it isn't a lot. Also 10 years is not enough time for compound interest to do much, to really see compounding you need 30+ years. And that’s it isn’t it. For most of my life people have looked at me very strangely when I’ve said...
by eco_eco
Thu Aug 20, 2020 2:41 am
Forum: Personal Investments
Topic: How much did you save?
Replies: 102
Views: 14326

Re: How much did you save?

It’s really interesting to hear people’s story, as others have said in this thread - life happens. I’ve had a very up and down approach to saving. When we married in our early 20s my wife and I agreed to save one income, as we wanted to have kids one day and at that time be able to have one of us wo...
by eco_eco
Thu Aug 20, 2020 12:43 am
Forum: Investing - Theory, News & General
Topic: Advice to a Millennial about nest egg "Critical Mass"
Replies: 150
Views: 17842

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

Thanks you to the OP for investing the time to share a different way of approaching money with his colleague. I’m gen X (born mid 70s) and I remember very well at my first real job where the financial controller took me aside and said ‘welcome, now with your first pay check join the superannuation s...
by eco_eco
Fri Aug 07, 2020 2:32 pm
Forum: Personal Investments
Topic: Looking for input and maybe reality check
Replies: 12
Views: 848

Re: Looking for input and maybe reality check

I can’t see why you couldn’t leave the stress behind and switch to something which gives you a better lifestyle if you wanted to. You’ve described a household income of $315,000 per annum, so maybe this about $215,000 after taxes. You are saving $13,000 a month or $156,000 a year, so your spending i...
by eco_eco
Thu Aug 06, 2020 10:44 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 312
Views: 19519

Re: Paul Tudor: Compelling case for bitcoin ?

Bitcoin itself clearly has had value as a currency and exchange of value. It has been used for many years on the dark web and more recently to exchange value when sending money to developing nations. It's well beyond the proof of concept stage. It's also entirely possible that it will fall to nearl...
by eco_eco
Thu Aug 06, 2020 2:50 am
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 312
Views: 19519

Re: Paul Tudor: Compelling case for bitcoin ?

Blockchain is clearly a new technology with many uses in the long term, but who knows what if any of the current chains will be useful in the long run. Without a stable market it's very hard to call it anything other than a gamble. Like any gambling structure someone people have made a fortune, whil...
by eco_eco
Thu Aug 06, 2020 2:05 am
Forum: Investing - Theory, News & General
Topic: What Would Be Your US/Int Equity Split If You Lived Outside US?
Replies: 58
Views: 2768

Re: What Would Be Your US/Int Equity Split If You Lived Outside US?

I'm in New Zealand and have the following weightings for equities: NZ: 20% Australia: 20% US: 30% Rest of world 30% I'm heavily focused on NZ and Australia due to tax advantages. We have no capital gains tax and so investing in our home market (including Australia) is quite favourable. Investing bey...
by eco_eco
Thu Aug 06, 2020 12:44 am
Forum: Investing - Theory, News & General
Topic: How do you organize your finances? Do you use Mint.com?
Replies: 94
Views: 16731

Re: How do you organize your finances? Do you use Mint.com?

For asset tracking I use sharesight (Sharesight.com). This is basically a personal capital clone focused on the NZ market but also usable for other currencies. The first 10 holdings are free with a basic account so you never have to pay to track a three or four fund portfolio. For day to day expense...
by eco_eco
Wed Aug 05, 2020 4:13 am
Forum: Personal Investments
Topic: Overcoming the fear of an early retirement
Replies: 117
Views: 9104

Re: Overcoming the fear of an early retirement

A couple of years ago I was in a similar situation as the OP. On a career track, running with lots of stress, working many hours a week, but basically financially independent. Then about two years ago at age 42, I realised we had hit our goals and there was no longer a need to work for the money. Af...
by eco_eco
Tue Aug 04, 2020 1:09 pm
Forum: Non-US Chapters
Topic: New Zealand Bogleheads Local Chapter
Replies: 18
Views: 5024

Re: New Zealand Bogleheads Local Chapter

Hi

Chiming in to also joint the NZ chapter. I’m based in Wellington.