Search found 1644 matches

by goodenyou
Mon Jun 24, 2019 6:50 pm
Forum: Personal Investments
Topic: 60K to invest
Replies: 6
Views: 606

Re: 60K to invest

She needs to pay off that high interest rate credit card balance.
by goodenyou
Fri Jun 21, 2019 7:50 pm
Forum: Personal Investments
Topic: How did you overcome your fear of investing?
Replies: 33
Views: 2270

Re: How did you overcome your fear of investing?

I don't think I've overcome my fear in investing. I manage my fear with an asset allocation that helps to mitigate severe swings in my portfolio. I still have moments when the this time may be different doubts enter my mind. Like others have said, living through the ups and downs of markets strength...
by goodenyou
Thu Jun 20, 2019 2:59 pm
Forum: Personal Investments
Topic: Bob Brinker Retirement
Replies: 31
Views: 5909

Re: Bob Brinker Retirement

I enjoyed listening to his show, not for his advice per say, but to listen to the questions of callers to see how I would answer their question. I was introduced to Bob Brinker in the early 90s. I credit him for introducing me to low cost investing and becoming competent in personal investing. I nev...
by goodenyou
Wed Jun 19, 2019 2:32 pm
Forum: Personal Investments
Topic: Going "Full Bogle"
Replies: 12
Views: 2350

Re: Going "Full Bogle"

MO has a 6+% dividend and is close to 0.5% of VTI total. So, you still have some investment. Back in 2005 Ben Bernanke stated that the only stock he owned was Philip Morris.

Cigarettes are taxed heavily and declining in usage. Rightfully so.
by goodenyou
Sun Jun 16, 2019 9:18 am
Forum: Investing - Theory, News & General
Topic: Why do large personal portfolios include bonds?
Replies: 167
Views: 12199

Re: Why do large personal portfolios include bonds?

Large personal portfolios usually include a significant cash allocation. Why? Because they can.
by goodenyou
Sat Jun 15, 2019 6:05 pm
Forum: Personal Investments
Topic: High net worth individual seeks portfolio advice
Replies: 81
Views: 8560

Re: High net worth individual seeks portfolio advice

A lot of great pointers in this thread, and I appreciate that. I do have a few follow up questions. Why would anyone buy a 10 year treasury right now at 2.1% when you could get a 5 year CD at 3.15% from a 5 star rated bank (bankrate)? Is it because the treasury has less default risk or because it's...
by goodenyou
Fri Jun 14, 2019 9:41 am
Forum: Investing - Theory, News & General
Topic: How have your homes as investments done?
Replies: 213
Views: 21505

Re: How have your homes as investments done?

Awful. Will probably lose $100K-200K on my house. Thankfully, my home value is less than 10% of my net worth. I have resolved to think of it as imputed rent after 20 years. There should be a provision to take a capital loss on residences.
by goodenyou
Fri Jun 14, 2019 9:33 am
Forum: Personal Investments
Topic: Help me with my 401k asset allocation
Replies: 8
Views: 549

Re: Help me with my 401k asset allocation

One of the important aspects of investing is to look at your total portfolio value in order to properly choose an appropriate AA strategy. You need to be more comprehensive. For example, what is your tax bracket, what is held in taxable, how much is the total portfolio value? This information will h...
by goodenyou
Thu Jun 13, 2019 2:26 pm
Forum: Personal Investments
Topic: High net worth individual seeks portfolio advice
Replies: 81
Views: 8560

Re: High net worth individual seeks portfolio advice

You may not be scared, but you want to analyze personal investment decisions as a "successful businessman". What you will learn one way or another is that business acumen and "smarts" doesn't give you a leg up in investing. Unless, of course, you are a one-in-a-million investor like Warren Buffet. I...
by goodenyou
Wed Jun 12, 2019 6:44 pm
Forum: Personal Investments
Topic: High net worth individual seeks portfolio advice
Replies: 81
Views: 8560

Re: High net worth individual seeks portfolio advice

I would first re-think the notion that you have some insight on when to buy into the market. Go back and read some of the posts during late 2007-2009. I can't imagine someone with 9 million in cash today would be inclined to buy into a crashing market. As others have posted, at your burn rate you co...
by goodenyou
Tue Jun 04, 2019 4:21 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 967
Views: 97070

Re: U.S. stocks continue to soar!

Soar

Free Fall

Soar

Free Fall
.
.
.
.
.

The threads just alternate...
by goodenyou
Sat Jun 01, 2019 11:00 am
Forum: Investing - Theory, News & General
Topic: What Specifically is a Taxable Account?
Replies: 17
Views: 1112

Re: What Specifically is a Taxable Account?

A "taxable account" is an account that is funded by money that has previously been run through the tax system. That is, income after all federal, state and local taxes have been deducted. It is referred as "taxable" because it continues to generate taxable income that is paid "today", regarded as q...
by goodenyou
Sat Jun 01, 2019 10:58 am
Forum: Investing - Theory, News & General
Topic: Avoiding the echo chamber?
Replies: 22
Views: 2402

Re: Avoiding the echo chamber?

The genius of successful investing is it's simplicity. Convincing yourself to continue to believe it often requires continuing education. IMO, there is a law of diminishing returns when it comes to leaning about investing and finance from a standpoint of trying to beat the market. I would argue that...
by goodenyou
Sat Jun 01, 2019 10:46 am
Forum: Investing - Theory, News & General
Topic: What Specifically is a Taxable Account?
Replies: 17
Views: 1112

Re: What Specifically is a Taxable Account?

A "taxable account" is an account that is funded by money that has previously been run through the tax system. That is, income after all federal, state and local taxes have been deducted. It is referred as "taxable" because it continues to generate taxable income that is paid "today", regarded as qu...
by goodenyou
Fri May 31, 2019 11:37 am
Forum: Investing - Theory, News & General
Topic: Question regarding the phrase "smart money"
Replies: 23
Views: 1574

Re: Question regarding the phrase "smart money"

To me, the definition of smart money requires a time machine. One trip to go back in history to buy what you should have bought, and one trip to go into the future to determine what you should buy.
by goodenyou
Fri May 31, 2019 11:31 am
Forum: Personal Investments
Topic: Where to put money so I can have access to it?
Replies: 14
Views: 1601

Re: Where to put money so I can have access to it?

Vanguard Prime Money Market has check writing privileges. The minimum is $250 per check. The yield is pretty competitive given the liquidity.
by goodenyou
Fri May 31, 2019 11:28 am
Forum: Personal Investments
Topic: What percent of your assets do you have in investment property (excluding your personal residence)?
Replies: 73
Views: 3039

Re: What percent of your assets do you have in investment property (excluding your personal residence)?

I had roughly 10% of my assets in commercial property that was owner-occupied by my business. We just sold on a sale-leaseback and I liquidated my position. I like the liquidity. I bemoaned ownership for many years. All in all, it worked out ok. I don't want to go back into it now.
by goodenyou
Fri May 31, 2019 10:03 am
Forum: Personal Investments
Topic: Vanguard moving clients from mutual funds to ETFs?
Replies: 34
Views: 3975

Re: Vanguard moving clients from mutual funds to ETFs?

Oh no...not the grape bricks again :oops:
by goodenyou
Thu May 30, 2019 9:10 am
Forum: Personal Investments
Topic: Am I playing a losing game?
Replies: 33
Views: 3205

Re: Am I playing a losing game?

Yes. I believe so. Read Charley Ellis' great book Winning The Loser's Game . It is a classic. There is a very good review on The White Coat Investor. https://www.whitecoatinvestor.com/winning-the-losers-game-a-review/ Sometimes it requires a personal failure with actively managed high-cost mutual fu...
by goodenyou
Sun May 26, 2019 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: 4M 70K expenses would you stop?
Replies: 105
Views: 10769

Re: 4M 70K expenses would you stop?

There are plenty examples of extraordinarily wealthy individuals that keep working. To ask the question "if YOU would stop?" isn't the right one. Can you stop based on financial analysis? Yes, most definitely. My partner has a potential 0.5% SWR and still works. He is 70 years old and he can almost ...
by goodenyou
Sun May 26, 2019 9:50 am
Forum: Investing - Theory, News & General
Topic: Is Cash Trash? The Purpose of Cash
Replies: 212
Views: 25896

Re: Is Cash Trash? The Purpose of Cash

I erroneously believed that I could more reliably predict the direction of bond markets than equity markets based on predicted interest rate direction. With historically low interest rates and an economy seeming to improve, interest rates appeared to have no place to go but up. Therefore, cash as a ...
by goodenyou
Thu May 23, 2019 2:20 pm
Forum: Personal Investments
Topic: Mortgage as part of AA
Replies: 38
Views: 1333

Re: Mortgage as part of AA

Thegame14 wrote:
Thu May 23, 2019 2:07 pm
but doesn't this mortgage get cheaper each year as inflation goes up?
I guess you could call it an I-Bondage.
by goodenyou
Thu May 23, 2019 12:04 pm
Forum: Personal Investments
Topic: Frozen by uncertainty, really want to unfreeze
Replies: 34
Views: 3292

Re: Frozen by uncertainty, really want to unfreeze

The most important thing you have done is to stumble onto this site, and, most importantly, you have made your financial future a priority. Both you and your wife are competent enough to figure this out. Making it a priority is the genius. Stick with reading this forum daily and sort through the thr...
by goodenyou
Sat May 18, 2019 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: 529 Qualified Educational Expenses
Replies: 6
Views: 487

Re: 529 Qualified Educational Expenses

I will answer your last question first. Yes, the student must be considered enrolled at least half time during the summer session to take qualified education expenses for room and board during that period. How much of a qualified educational expense can be little more challenging. If the college or...
by goodenyou
Sat May 18, 2019 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: 529 Qualified Educational Expenses
Replies: 6
Views: 487

Re: 529 Qualified Educational Expenses

I will answer your last question first. Yes, the student must be considered enrolled at least half time during the summer session to take qualified education expenses for room and board during that period. How much of a qualified educational expense can be little more challenging. If the college or...
by goodenyou
Sat May 18, 2019 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: 529 Qualified Educational Expenses
Replies: 6
Views: 487

529 Qualified Educational Expenses

I have a question about qualified expenses for room and board that exceeds the published university costs. If an apartment lease is year round (including the summer months) can you add the SUMMER room and board published costs to the FALL and SPRING published costs in order to be reimbursed for the ...
by goodenyou
Sat May 18, 2019 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 17979

Re: High net worth, elite private or “good” public

bluebolt wrote:
Sat May 18, 2019 2:42 pm
Bacchus01 wrote:
Sat May 18, 2019 11:01 am
Parenting is 50% of the equation. 40% is the child. 10% is the school.
Studies show that parental influence on children's behavioral traits are probably not nearly that high.
Thanks. You made me feel better :D
by goodenyou
Sat May 18, 2019 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 17979

Re: High net worth, elite private or “good” public

It all depends on what you study. What's best is what leads to a well-adjusted and thriving student. There are a lot of land mines that can derail the best laid plans.
by goodenyou
Fri May 17, 2019 10:55 pm
Forum: Personal Investments
Topic: If you are already wealthy, what keeps you motivated?
Replies: 101
Views: 11612

Re: If you are already wealthy, what keeps you motivated?

“What is the matter with the poor is poverty; what is the matter with the rich is uselessness”
— George Bernard Shaw
by goodenyou
Thu May 16, 2019 2:13 pm
Forum: Investing - Theory, News & General
Topic: We’ve won the game...but how do we stop playing?
Replies: 76
Views: 8202

Re: We’ve won the game...but how do we stop playing?

Success from passive and naive investing is success nonetheless. Many folks amass a fortune by living below their means and by being prodigious savers. Not everyone is in pursuit of the "Efficient Frontier"of investing like many Bogleheads. When family is involved , it can be very frustrating. It is...
by goodenyou
Wed May 15, 2019 12:33 pm
Forum: Personal Investments
Topic: If you are already wealthy, what keeps you motivated?
Replies: 101
Views: 11612

Re: If you are already wealthy, what keeps you motivated?

Trying to launch my kids through college and assisting them in starting their lives. It is a tremendous cash burn right now despite what others would consider being "wealthy". I don't believe that the next level of Richistan is attainable for me (a reference to Robert Frank's book, Richistan: A Jour...
by goodenyou
Tue May 14, 2019 1:31 pm
Forum: Personal Investments
Topic: 31 Years Old, Sold Company for 3MM. Want to retire. How to allocate in taxable?
Replies: 19
Views: 3088

Re: 31 Years Old, Sold Company for 3MM. Want to retire. How to allocate in taxable?

You will potentially have a long life time without "paid work". That long time will require a conservative withdrawal rate. Your plans may change and you may desire to live a lifestyle that requires more that $100k over 60 years. In the meantime, put it into an 80/20 and withdraw 3% a year. If there...
by goodenyou
Tue May 14, 2019 10:41 am
Forum: Personal Investments
Topic: Request Portfolio Assistance/Review for Mid 40's couple with 2 kids
Replies: 10
Views: 1250

Re: Request Portfolio Assistance/Review for Mid 40's couple with 2 kids

Thanks everyone so far for all the great advice. My plan is to reduce the amount of different accounts to make it easier to navigate moving forward. I appreciate the advice on increasing life insurance and plan to contribute to 529 to maximize tax credit. Would anyone recommend putting money in ROT...
by goodenyou
Sat May 11, 2019 10:20 am
Forum: Personal Investments
Topic: Help my broker is trying to freak me out
Replies: 94
Views: 13924

Re: Help my broker is trying to freak me out

Your intuition is correct. Break up with him. I will bet that your performance after ALL fees and taxes will be inferior to VTI. If you want international and even at the same asset allocation as your broker, buy an international index etf or fund. My parents went through the same anxiety with their...
by goodenyou
Thu May 09, 2019 2:36 pm
Forum: Personal Investments
Topic: windfall management
Replies: 38
Views: 3456

Re: windfall management

I don't think the OP mentioned retiring in his 30s or if that is even on the table. He just needs to plan on saving between $5-6M to keep his spending the same. The $2M windfall with his current savings rate should shorten the duration of his work, if he chooses. The deployment of the cash windfall ...
by goodenyou
Thu May 09, 2019 11:27 am
Forum: Personal Investments
Topic: alternatives to 529 plans
Replies: 44
Views: 2223

Re: 529 plan limitations

Looks like there are limited number of times per annum one can change the investment options under 529 plans. I assume it should be fine to park the cash in MM type instrument under 529 plan and DCA into other funds on a regular basis. Like in all other earmarked investing, your time horizon for de...
by goodenyou
Thu May 09, 2019 9:26 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 11012
Views: 1923081

Re: U.S. stocks in free fall

TheTimeLord wrote:
Thu May 09, 2019 9:14 am
J G Bankerton wrote:
Thu May 09, 2019 8:46 am
VTI executed at 146 and still falling. I moved cash from my "emergency" fund because when the VIX is high it is time to buy.
Is the VIX high? :confused
We are only about 3.5% off the all-time high. Does this even qualify as a dip yet?
The market or the people trying to time the market?
by goodenyou
Thu May 09, 2019 8:41 am
Forum: Personal Investments
Topic: windfall management
Replies: 38
Views: 3456

Re: windfall management

Your windfall is from private equity in the health care(physician) space. I am curious to know how your deal was structured and if a salary reduction was part of the deal. Are you factoring that in? Also, how long is the deal and what are the terms related to non-compete? You have to factor this in ...
by goodenyou
Wed May 08, 2019 11:47 am
Forum: Personal Investments
Topic: The 4% rule
Replies: 94
Views: 6564

Re: The 4% rule

I believe it's not low bond yields that are concerning. It's high bond yields DUE TO REAL INFLATION that are the killer in SWR viability. Early real inflation during withdrawal is a real killer.
by goodenyou
Wed May 08, 2019 8:12 am
Forum: Personal Investments
Topic: VMMXX as cash
Replies: 38
Views: 5458

Re: VMMXX as cash

Vanguard Prime Money Market Fund (VMMXX) current SEC Yield = 2.44%, current compound yield = 2.47%, is an excellent fund. Treat it as the equivalent of cash. The fund won't go negative, it will stay at $1 per share, it will continue to give a yield but the amount of yield will depend on interest ra...
by goodenyou
Wed May 08, 2019 7:58 am
Forum: Personal Investments
Topic: alternatives to 529 plans
Replies: 44
Views: 2223

Re: alternatives to 529 plans

I vote Utah 529. Working great for me. Low cost. Good interface. Easy.
by goodenyou
Mon May 06, 2019 8:50 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 11012
Views: 1923081

Re: U.S. stocks in free fall

Charlie Munger, Warren Buffett and Bill Gates are on CNBC live form Omaha and they don't seem worried. Well Bill is a bit concerned but not much. I would buy early before the buy the dips types wake up. This is a trade war not a real war, no problem. Markets move on probabilities not certainties an...
by goodenyou
Sun May 05, 2019 6:17 pm
Forum: Personal Investments
Topic: Selling in MAY and ....... ?
Replies: 18
Views: 1958

Re: Selling in MAY and ....... ?

Regretting it.
by goodenyou
Sun May 05, 2019 6:11 pm
Forum: Personal Investments
Topic: Futures Down
Replies: 45
Views: 3250

Re: Futures Down

If you haven’t bought stocks because the market was too hot and “near all time highs“, then tomorrow may be a buying opportunity. There may be a sale.

You just busted my bubble. I was high-fiving my wife about FIRE this weekend. Now I have Sunday blues.
by goodenyou
Sun May 05, 2019 3:18 pm
Forum: Personal Investments
Topic: Time for another fresh look
Replies: 6
Views: 737

Re: Time for another fresh look

Do you believe having as many mutual funds as you have really has a benefit? When you have amassed a significant amount of money that has been driven by savings and tremendous market returns , it is often mentally challenging to withstand FOMO and to watch the trajectory flatten. Of course, there w...
by goodenyou
Sun May 05, 2019 11:11 am
Forum: Personal Investments
Topic: Time for another fresh look
Replies: 6
Views: 737

Re: Time for another fresh look

Do you believe having as many mutual funds as you have really has a benefit? When you have amassed a significant amount of money that has been driven by savings and tremendous market returns , it is often mentally challenging to withstand FOMO and to watch the trajectory flatten. Of course, there wo...
by goodenyou
Sun May 05, 2019 10:43 am
Forum: Personal Investments
Topic: Boglehead investing through a major downturn
Replies: 36
Views: 3767

Re: Boglehead investing through a major downturn

I don't think one can under appreciate the difference of weathering a downturn during your working years and contributing to your nest egg and retired and having no earned income. I weathered 2000 and 2008 with a secure job knowing that I was continuing to make money and retirement was an afterthoug...
by goodenyou
Tue Apr 30, 2019 11:33 am
Forum: Personal Investments
Topic: Biggest Investment Mistake
Replies: 200
Views: 15939

Re: Biggest Investment Mistake

Thinking a house was an investment. That's up there in "mistakes".
by goodenyou
Mon Apr 29, 2019 4:12 pm
Forum: Personal Investments
Topic: Biggest Investment Mistake
Replies: 200
Views: 15939

Re: Biggest Investment Mistake

Holding too much cash in money market and not deploying it sooner.
by goodenyou
Sun Apr 28, 2019 8:06 pm
Forum: Personal Investments
Topic: Sitting on $1.5m cash - need help
Replies: 49
Views: 12177

Re: Sitting on $1.5m cash - need help

With a $1-1.5 million per year income, a $2million house in NJ is no problem. It's the cost of doing business and getting into elite school districts.

You got this! Go for it!