Search found 2338 matches

by MossySF
Fri May 31, 2019 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 273
Views: 28241

Re: Can I afford this 2.3 million dollar home?

I can already tell my kids don't have anywhere close to the same talent/ambition/focus I had at their ages so it's a good thing we live way beneath our means. Just curious: how can you tell? At my son's current age (13), I had already: * learned computer programming on my own from looking at source...
by MossySF
Thu May 30, 2019 11:55 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 273
Views: 28241

Re: Can I afford this 2.3 million dollar home?

The numbers are fine .. although the comparison of $100K income to $200K house would be inaccurate since you pay far more taxes -- maybe more like $70K income to $200K with that factored in. I'd be more worried about the neighborhood and kids not getting the wrong lessons (keeping up with the Jones)...
by MossySF
Mon May 27, 2019 9:35 am
Forum: Personal Finance (Not Investing)
Topic: “Upsizing” are we foolish?
Replies: 80
Views: 10801

Re: “Upsizing” are we foolish?

My experience -- when you get a bigger house, you buy more junk to fill it up. And then the bigger house feels cramped again.
by MossySF
Wed May 22, 2019 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Why Do Homeowners Have Higher Net Worths than Renters?
Replies: 30
Views: 2588

Re: Why Do Homeowners Have Higher Net Worths than Renters?

Haha... I hope this isn't a troll topic.

The causal relationship is flipped.

Higher net worth people have enough money to buy homes.
by MossySF
Wed May 22, 2019 1:22 am
Forum: Personal Consumer Issues
Topic: Computer speed question which computer is faster and why?
Replies: 22
Views: 1593

Re: Computer speed question which computer is faster and why?

Intel CPU lines are totally vague. Just the label Celeron/Pentium/I3/I5/I7 does not give enough info to tell you what is faster. You need to know the following: * Architecture -- new architectures may or may not be faster than older ones * Physical Cores -- 1 extra physical core is good general purp...
by MossySF
Sun May 19, 2019 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 15596

Re: FIRE - What am I missing in the News Stories

SF and NYC also are magnets for new immigrants due to all the ethnic communities. Surely you don't think these new immigrants are earning anything close to high incomes, right? So if they can live there, a higher earner could in theory meet them halfway in the living expenses department. Now redo th...
by MossySF
Tue May 14, 2019 2:19 am
Forum: Personal Investments
Topic: Does your retirement plan work if stocks are flat or in decline for decades?
Replies: 180
Views: 11524

Re: Does your retirement plan work if stocks are flat or in decline for decades?

You will be in the same boat as your fellow retirees competing for the same resources. So whether there's a long decline or long boom, you end up in roughly the same boat -- the relative amount you save compared to your fellow retirees determines what you can afford in retirement. If like the majori...
by MossySF
Sun May 05, 2019 9:38 am
Forum: Personal Consumer Issues
Topic: I have a buddy in Australia he says he pays for each email. I never heard of this. Is this true?
Replies: 17
Views: 3517

Re: I have a buddy in Australia he says he pays for each email. I never heard of this. Is this true?

What a great idea. Imagine how much less spam we'd get if email was priced by each email sent. Imagine your clean inbox.
by MossySF
Sun May 05, 2019 9:20 am
Forum: Non-US Investing
Topic: Downshift ("Barista FI") while consulting and raising kids? [Switzerland]
Replies: 82
Views: 8118

Re: Downshift ("Barista FI") while consulting and raising kids? [Switzerland]

The problem with the "work 5 more years" advice is in 5 more years, the same advice here will be "work another 5 more years". (This forum is totally ludicrous in this regard -- 2% SWR is like the only safe number for a Boglehead.) If the median household only earns $50K, you can certainly ramp down ...
by MossySF
Mon Feb 25, 2019 1:52 am
Forum: Personal Consumer Issues
Topic: How does the Vanguard security login work (can't get into my accounts)
Replies: 9
Views: 917

Re: How does the Vanguard security login work (can't get into my accounts)

Browsers update all the time -- usually automatically now by default. When that happens, cookies often get invalidated.

Cookies also have a limited lifespan. When that happens, you have to revalidate your computer again.
by MossySF
Wed Feb 20, 2019 7:15 am
Forum: Personal Finance (Not Investing)
Topic: On this Forum, is X% of Income Saved Pre-Tax or Post-Tax?
Replies: 95
Views: 6750

Re: On this Forum, is X% of Income Saved Pre or Post Tax?

Post-tax (w/ pre-tax contributions added back in) makes more mathematical sense in that you can only save what you have access to. But how many people even know what their post-tax is except at tax filing time? You'd need a complex spreadsheet to keep track of this. So it's much easier to guestimate...
by MossySF
Tue Feb 19, 2019 1:10 pm
Forum: Personal Investments
Topic: strategy to re-enter the market
Replies: 47
Views: 4546

Re: strategy to re-enter the market

Option 2 ... stay out of the stock market.

All you need to do is bump up your savings rate and you can get by with only relatively safe intermediate bonds.
by MossySF
Mon Feb 18, 2019 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: I want a new Audi A6 2018 (50k) - Can I afford it? Or is this just a really dumb decision...
Replies: 136
Views: 8356

Re: I want a new Audi A6 2018 (50k) - Can I afford it? Or is this just a really dumb decision...

Lexus 350 -> Audi A6 step-up? It's 1 lower-luxury mid-size sedan over another. What's the point? It would be one thing if you switched to something different ... convertible, Tesla, top-end-luxury, whatever -- you could then say "this really stirs my soul". $50K to get 6 months of the new car feelin...
by MossySF
Tue Feb 12, 2019 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: 2 years in community college, then transfer? need opinion please
Replies: 118
Views: 6393

Re: 2 years in community college, then transfer? need opinion please

My parents had nothing and I received nothing from them, which worked in my favor for financial aid. After grants, scholarships, and work study, I actually think a CC would have been a more expensive option. Here's the problem. "Poor" helps you get financial aid. Majority of parents who can't help ...
by MossySF
Tue Feb 12, 2019 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: 2 years in community college, then transfer? need opinion please
Replies: 118
Views: 6393

Re: 2 years in community college, then transfer? need opinion please

I did this route at City College of San Francisco. Not every course I took there transferred over. They were $45 a class (back then) -- so I took a few extra just in case X credit transferred for this university system but Y credit was needed for that one. Work hard & get good grades -- and you'll c...
by MossySF
Tue Feb 12, 2019 7:16 pm
Forum: Investing - Theory, News & General
Topic: Why should stocks beat bonds in the long run?
Replies: 106
Views: 6684

Re: Why should stocks beat bonds in the long run?

pretty much everyone has referenced the equity risk premium, but this isn't the answer. if anything, the equity premium puzzle is the question . also, saying that investors "demand" a higher return is a posteriori hogwash. look, i'm an investor, and i say, here and now before all and sundry, "I DEM...
by MossySF
Sun Feb 10, 2019 11:03 pm
Forum: Investing - Theory, News & General
Topic: Is Index Investing Just Betting on The U.S Economy?
Replies: 46
Views: 5528

Re: Is Index Investing Just Betting on The U.S Economy?

No we aren't betting just on the U.S. Economy. We're also betting on the fact that in capitalism, money flows to the capital owners ( see Thomas Piketty's Capital in the Twenty-First Century ) . So it doesn't matter if there's no growth or even negative growth ... it only matters that your proportio...
by MossySF
Sat Feb 09, 2019 10:23 pm
Forum: Non-US Investing
Topic: An investment that never loses money [Malaysia]
Replies: 13
Views: 2527

Re: An investment that never loses money [Malaysia]

The fund is big enough where it can use pension-like accounting so returns are smoothed over multiple years to give the appearance of consistent high returns without losses. If there was a crisis, the Malaysian government "probably" would step in and backstop it. So if I was Malaysian, I'd put my li...
by MossySF
Thu Jan 31, 2019 11:51 pm
Forum: Personal Consumer Issues
Topic: 5 days in Hong Kong - Seeking travel tips
Replies: 23
Views: 1952

Re: 5 days in Hong Kong - Seeking travel tips

If you don't have a no-free international ATM card, the best place for USD money exchange is Chung King Mansion -- right outside Tsim Sha Shui metro station.
by MossySF
Sun Jan 27, 2019 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 205
Views: 34315

Re: Millionaire by 40 and How you Did it?

@ 40 1/2
HCOL
family + kids
1 income, no windfalls

how: 1st generation immigrant that gets self satisfaction from learning/doing stuff instead of buying stuff
by MossySF
Sat Jan 26, 2019 11:38 pm
Forum: Investing - Theory, News & General
Topic: Confused on Expense Ratios
Replies: 27
Views: 1978

Re: Confused on Expense Ratios

25 years ago, a Edward Jones rep would have put you in 10+ different funds. And woo! 10% of your portfolio outperformed -- too bad about the other 90%. Although to be honest, who cares? It's only a score game. If you ended up with 2M instead of 3M, that meant the Edward Jones rep got that money and ...
by MossySF
Fri Jan 18, 2019 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a house in the Bay area or give up?
Replies: 94
Views: 8588

Re: Should I buy a house in the Bay area or give up?

Shrug ... $200K income buying $800K house is about par for Bay Area lifestyle. You'll feel like everything is super tight but pretty much everybody does this other than the lucky few who make it big. Many end up building out semi-legal inlaw units in the garage -- renting it out -- and parking their...
by MossySF
Wed Jan 16, 2019 8:12 am
Forum: Personal Consumer Issues
Topic: Swimming, do you? Advice sought.
Replies: 76
Views: 7374

Re: Swimming, do you? Advice sought.

Some of my hints -- I'm self-taught in all strokes through experimentation and watching Youtube videos -- so I know all the good & bad techniques. Breast stroke -- aim down with a deep lungful of air -- and the air in the lungs becomes a bouyant force pushing you up. So you end up with a rhythm of 2...
by MossySF
Sat Jan 12, 2019 12:47 am
Forum: Personal Consumer Issues
Topic: Anyone raised 3 kids WITHOUT buying a 3-row vehicle?
Replies: 82
Views: 6189

Re: Anyone raised 3 kids WITHOUT buying a 3-row vehicle?

When we were growing up, we (4 kids) had to take public transportation the entire time. :beer :beer :beer
by MossySF
Thu Jan 03, 2019 3:06 am
Forum: Personal Consumer Issues
Topic: Living Abroad - Who's done it?
Replies: 90
Views: 11584

Re: Living Abroad - Who's done it?

What sort of income is "decent" for HK? If "decent" means an expat lifestyle, San Francisco/Manhattan white collar incomes would be decent for Hong Kong also. A decent Konger lifestyle -- small apartments, taking the metro, eating out where the staff only speaks Chinese, etc. -- $5000 USD/mo more o...
by MossySF
Wed Jan 02, 2019 6:31 am
Forum: Personal Finance (Not Investing)
Topic: How to afford a sports car?
Replies: 128
Views: 9791

Re: How to afford a sports car?

If you want a sports car, earn more money in order to afford it. :greedy
by MossySF
Sat Dec 29, 2018 9:25 am
Forum: Personal Investments
Topic: muni bonds
Replies: 31
Views: 3858

Re: muni bonds

Looks like I can't invest in VWIUX as I'm with Fidelity. They let me pick VWTUX. The ER is higher for that one and a high commission. Not the end of the world though. For all those talking about diversification, why can't I get diversification in a 100k bond portfolio. With that amount one could re...
by MossySF
Thu Dec 27, 2018 9:19 am
Forum: Investing - Theory, News & General
Topic: Nuveen Strategic Municipal Opportunities Fund - 2.94% TAX FREE?
Replies: 16
Views: 1583

Re: Nuveen Strategic Municipal Opportunities Fund - 2.94% TAX FREE?

States can issue bonds .. and due to the Constitution's separation of powers, the federal government cannot tax interest generated by state muni bonds. Likewise, the state governments cannot tax interest from federal Treasury bonds. Now states can tax other states' muni bonds -- and they usually opt...
by MossySF
Thu Dec 27, 2018 7:58 am
Forum: Investing - Theory, News & General
Topic: Why call them "losses" when you still own the shares?
Replies: 103
Views: 5283

Re: Why call them "losses" when you still own the shares?

The problem with the words loss/gain are the anchor point. The value of your portfolio dropped 5% these past 3 months -- but it went up 250% the past 5 years. Do you have a loss -- even if you sell -- because you didn't get the absolutely maximum gain? That's why I just go with fluctuated market val...
by MossySF
Wed Dec 26, 2018 11:42 pm
Forum: Investing - Theory, News & General
Topic: Why call them "losses" when you still own the shares?
Replies: 103
Views: 5283

Re: Why call them "losses" when you still own the shares?

I don't call them neither losses nor gains.

I say the contribution/distribution-adjusted nominal value of my portfolio has increased or decreased compared to X point in time.
by MossySF
Tue Dec 25, 2018 1:53 am
Forum: Investing - Theory, News & General
Topic: How is Vanguard Prime Money Market earning over 2%
Replies: 29
Views: 5106

Re: How is Vanguard Prime Money Market earning over 2%

Wouldn’t the compound yield (as opposed to SEC yield) on the fund page be closer in comparison to a banks stated APY? The hover over on Vanguard's page says 7-days for SEC yield and just a generic "past periods" for compound yield. 7-day period is probably a more accurate indicator on the direction...
by MossySF
Mon Dec 24, 2018 12:21 am
Forum: Personal Investments
Topic: I made a mistake by not selling when the market was high this year
Replies: 153
Views: 20352

Re: I made a mistake by not selling when the market was high this year

I made another big mistake. I should have taken some gains earlier this year when I had the chance. It seems to me that 10 months of great growth for 2018 has been wiped out in the past few weeks. If you wanted to buy Fund A but you clicked on Fund B, you made a mistake. If you knew the market was ...
by MossySF
Sun Dec 23, 2018 10:11 pm
Forum: Investing - Theory, News & General
Topic: When did the musicians on the titanic realize their fate?
Replies: 132
Views: 10710

Re: When did the musicians on the titanic realize their fate?

What are the conditions where people on this site become concerned? Everyone can talk about staying the course etc, but even the most diehard buy and hold must have some loss limit or set of conditions (stocks and bonds fall together) where they become a little concerned. To be honest, I'm not agai...
by MossySF
Sun Dec 23, 2018 9:17 pm
Forum: Investing - Theory, News & General
Topic: How is Vanguard Prime Money Market earning over 2%
Replies: 29
Views: 5106

Re: How is Vanguard Prime Money Market earning over 2%

I’ve been advised to use Vanguard Prime Money Market Fund however according to the Performance page it’s earning under 2% annually - less than I earn from the bank. Can someone shed some light on this? Performance page shows past performance. Does your bank tell you past interest rate or what you w...
by MossySF
Fri Dec 21, 2018 11:33 pm
Forum: Investing - Theory, News & General
Topic: "Stay the course" is rational -- but is it reasonable?
Replies: 43
Views: 5886

Re: "Stay the course" is rational -- but is it reasonable?

Staying the course is a horrible option.

It's unfortunately the best of even worse options.
by MossySF
Wed Dec 19, 2018 6:08 pm
Forum: Investing - Theory, News & General
Topic: Bull market is over, run for cover says Alan Greenspan
Replies: 41
Views: 6445

Re: Bull market is over, run for cover says Alan Greenspan

If you feel this was true, what's then the action plan based on Greenspan's comments? Sell off 50% of your stock and then buy back into the market on a 18-month DCA schedule starting 6 months from now? (Although it would have been nicer to have this forecast in Jan-Aug when you could have sold at hi...
by MossySF
Tue Dec 18, 2018 2:33 am
Forum: Personal Investments
Topic: Investing a lump sum in today's market climate
Replies: 16
Views: 2618

Re: Investing a lump sum in today's market climate

Put it in a Vanguard money market fund right now.

Make a 2 year DCA schedule to transfer from MMF to your target stock funds every 3 months.
by MossySF
Sat Dec 15, 2018 12:06 am
Forum: Personal Consumer Issues
Topic: How to learn a second language
Replies: 128
Views: 16412

Re: How to learn a second language

I'm using 全民K歌 to sing Karaoke songs in foreign languages. :D :D :D

* kg.qq.com
by MossySF
Sun Dec 02, 2018 11:17 pm
Forum: Personal Investments
Topic: My mutual funds are declining, please help!
Replies: 54
Views: 5473

Re: My mutual funds are declining, please help!

It's not a rare scenario as the initial capital could be big compared to ongoing contributions, initial amount being new money brought to the market... happens all the time. Using the backtest calc. say you had an initial balance of $350k in 2000, then had ongoing contributions of $500/month all th...
by MossySF
Sun Dec 02, 2018 6:23 am
Forum: Personal Investments
Topic: My mutual funds are declining, please help!
Replies: 54
Views: 5473

Re: My mutual funds are declining, please help!

people are afraid of crashes because it can potentially cause financial ruin even if you stay the course... 2000-2013 was flat inflation adjusted, that is 13 whole years with nothing to show for it while taking substantial capital risk. If one would've sinply put their money in a risk free CD they ...
by MossySF
Thu Nov 29, 2018 9:56 pm
Forum: Investing - Theory, News & General
Topic: Does 100% stocks make sense for very high net worth individuals
Replies: 126
Views: 13860

Re: Does 100% stocks make sense for very high net worth individuals

Seems like this question is for HNW Bogleheads who continue to spend as if they only had a LNW or MNW.

Most HNW individuals -- no longer in their earnings peak -- need a semi-consistent portfolio to fund their HNW lifestyles.
by MossySF
Thu Nov 29, 2018 12:41 am
Forum: Personal Consumer Issues
Topic: What are piano exams? (For the piano parents)
Replies: 1
Views: 396

Re: What are piano exams? (For the piano parents)

In some countries, passing piano exams will give you school credits.

Music conservatories will want to see piano exams.

Beyond that, it's just paying money for your kids to learn how to play under a different type of pressure.
by MossySF
Mon Nov 26, 2018 11:46 pm
Forum: Investing - Theory, News & General
Topic: Worst investing year ever....
Replies: 103
Views: 18219

Re: Worst investing year ever....

Diversification down is not the only important issue. Diversification up also is. When things rebound, not all stock classes rebound in the same magnitude. After 2002, international rebounded more -- especially EM which went up 90% in 2003. After 2008, US rebounded more -- especially REITs. Getting ...
by MossySF
Mon Nov 26, 2018 8:46 pm
Forum: Personal Investments
Topic: Can someone explain what's going on [with the stock market]?
Replies: 96
Views: 13810

Re: Can someone explain what's going on [with the stock market]?

In the short term, there is no explanation.

In the long term (30+ years), you can explain what went on after the fact.
by MossySF
Sun Nov 25, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: What financial information do you share with your family and relatives?
Replies: 112
Views: 10352

Re: What financial information do you share with your family and relatives?

I find it's easier to be open with your financial numbers if you are a small business owner. Americans worship at the myth of the independent frontier trailblazer and being a small business owner is the closest thing we can do in modern life. There's none of the envy or requests because you can alwa...
by MossySF
Thu Nov 22, 2018 7:26 pm
Forum: Personal Investments
Topic: Can someone explain what's going on [with the stock market]?
Replies: 96
Views: 13810

Re: Can someone explain what's going on [with the stock market]?

Everybody has their own explanations for ups & downs from their view points. But since we all only see a tiny tiny tiny slice from our biased viewpoints, it can't explain anything. But you then aggregate it all together into the wisdom of the crowd, it can explain everything. Except there is no way ...
by MossySF
Thu Nov 22, 2018 7:21 pm
Forum: Personal Consumer Issues
Topic: Need A Chromebook Recommendation
Replies: 16
Views: 1645

Re: Need A Chromebook Recommendation

I have both the Acer Flip 11 and Acer Spin 15.

The Acer Spin 15 is really nice ... but man it's gigantic.
by MossySF
Wed Nov 21, 2018 3:00 am
Forum: Personal Finance (Not Investing)
Topic: Is my husband ready to quit tenured professorship to pursue side hustle?
Replies: 97
Views: 11006

Re: Is my husband ready to quit tenured professorship to pursue side hustle?

Hehe, this is BH. Anybody not coming here with a 2% SWR will be told they need more money. My 1st thoughts -- 1M+ portfolio plus a year's salary as separate bonus? Take the early retirement bonus. My 2nd thought -- download a Social Security bend point calculator. If your husband has already passed ...