Search found 5778 matches

by protagonist
Mon Jul 15, 2019 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Finding MA attorney- need prenup and will/revocable living trust
Replies: 1
Views: 243

Finding MA attorney- need prenup and will/revocable living trust

I live in Western MA. Many years ago, after a divorce, I revised my will and did a revocable living trust myself using Quicken Willmaker. It was very simple- I left everything to my daughter. I did get lazy about it, however....I never transferred the deed to my home into the trust. I tend to get la...
by protagonist
Mon Jul 15, 2019 8:59 am
Forum: Personal Investments
Topic: Switching from passive to active management
Replies: 104
Views: 7668

Re: Switching form passive to active management

OP, your post confuses me. If at 30/70, you found it "hard to stomach" your paper losses during the small dip in 2018, how will you possibly cope with a serious bear market (or crash) if you change your AA to 70/30? (I am assuming the first number is your stock allocation). That seems counterintuiti...
by protagonist
Mon Jul 15, 2019 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 205
Views: 31576

Re: Millionaire by 40 and How you Did it?

I think another question worth asking (though rather ambiguous to interpretation), and perhaps a more salient one (if advising other young adults) is.... Of the 40 year old (or younger) millionaires who did not inherit their money or otherwise obtain it without working for it, how much of your youth...
by protagonist
Sun Jul 14, 2019 7:42 pm
Forum: Investing - Theory, News & General
Topic: What is the Boglehead opinion of the inverted yield curve?
Replies: 70
Views: 6667

Re: What is the Boglehead opinion of the inverted yield curve?

I don't have much insight about this. I do know that, when looking at things retrospectively and trying to see a pattern in the past that conforms to one's view of the future, it is pretty easy to find some parameter that justifies your position by demonstrating a pattern that happened the previous ...
by protagonist
Sun Jul 14, 2019 11:39 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3847
Views: 1105902

Re: What Book Are You Currently Reading? Part VI

Nature's Mutiny , by Phillip Blom. This is primarily a history about the Little Ice Age, around 1645 - 1715. it contains an interesting discussion of the climate during that period, of social and economic changes which coincided with the icy climate, and possible causal links between climate and th...
by protagonist
Sat Jul 13, 2019 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 777
Views: 86217

Re: Fidelity as a one stop shop

I am thinking of moving my Roth (currently at Vanguard), Charles Schwab checking and Ally saving all to Fidelity to simplify my life. My 3 questions are: 1- How to do such setup in Fido to maintain the same privileges as Charles and Ally? In other words how to have an alternative to checking with a...
by protagonist
Sat Jul 13, 2019 6:19 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3847
Views: 1105902

Re: What Book Are You Currently Reading? Part VI

I just downloaded two on my Kindle for traveling.

Infinite Jest by D.F.Wallace (I never got around to reading this classic).
Just Kids by Patti Smith.

Very different books, I know.
by protagonist
Sat Jul 13, 2019 6:16 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3847
Views: 1105902

Re: What Book Are You Currently Reading? Part VI

bertilak wrote:
Sat Jul 13, 2019 12:48 pm
protagonist wrote:
Sat Jul 13, 2019 12:31 pm
10^ 21 (1000000000000000000000). That's a lot of planets.
Excuse me for being pedantic, but 1^21 is exactly 1. (Sometimes I can't resist. Sorry!)

You might mean 10^21 which is 1,000,000,000,000,000,000,000.
Yeah, typo. Thanks.
by protagonist
Sat Jul 13, 2019 12:31 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3847
Views: 1105902

Re: What Book Are You Currently Reading? Part VI

Lucky Planet Very interesting book that explores the question, "Are Earth type planets common in the universe or extremely rare"? His main point is that our Earth-Moon combo may be very rare in the universe.. I mean the moon is very big, we're almost a double-planet system... (Funny enough Isaac As...
by protagonist
Sat Jul 13, 2019 12:14 pm
Forum: Personal Consumer Issues
Topic: "The best and worst U.S. states for retirement"
Replies: 278
Views: 27695

Re: "The best and worst U.S. states for retirement"

"The best and worst states" is nothing more than clickbait, and lazy reporting. By the time you are ready to retire, you should know your priorities. Hate cold? Hate heat? Love cities? Hate cities? Is cost a priority? Want luxury? Want to shoot guns? Want beaches? Want mountains? Want culture? Want ...
by protagonist
Sat Jul 13, 2019 12:02 pm
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 1014
Views: 202179

Re: Tesla S

I'm really sorry that Tesla is going through such hard times. I hope they pull through.

Whereas I would never consider buying one , I would like to see them succeed....it would be good for the auto industry and for the cause of technological development in general.
by protagonist
Fri Jul 12, 2019 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Another NFCU CD deal [Navy Federal Credit Union]
Replies: 30
Views: 3307

Re: Another NFCU CD deal

It is interesting. Arguments against long term CDs is that rates can go up! Wonder what the rate will be in Jan 2024. I tend to agree, given the 12 month EWP....especially because these days there are 1-3 year CD options close to 3%, and occasionally higher. A couple of years ago there was a much b...
by protagonist
Thu Jul 11, 2019 10:18 pm
Forum: Investing - Theory, News & General
Topic: Wealthfront now offers 2.51% APY
Replies: 59
Views: 6454

Re: Wealthfront now offers 2.51% APY

A cursory search reveals 4 banks offering 2.50% on money market accounts and several coming close. https://www.depositaccounts.com/moneymarket/
I would prefer to deal with a bank directly than deal through a middleman.
by protagonist
Thu Jul 11, 2019 2:23 pm
Forum: Personal Consumer Issues
Topic: Is Hyundai the value sweet spot?
Replies: 139
Views: 13059

Re: Is Hyundai the value sweet spot?

Should I be skeptical by this lower cost with more apparent value? Are any concerns mitigated by their generous 10yr/100,000 mile powertrain and 5yr/60,000 mile bumper to bumper warranty? Thanks for your comments and insight! I got a fantastic deal on a 2017 Elantra Limited in November 2017. It was...
by protagonist
Tue Jul 09, 2019 4:59 pm
Forum: Personal Consumer Issues
Topic: Retirees, did your level of luxury increase faster than you anticipated?
Replies: 47
Views: 4865

Re: Retirees, did your level of luxury increase faster than you anticipated?

Good question. So far, no. I think about it (flying 1st class because I can afford it, fancier car because I can afford it, etc)...like, "why not?"....but every time I come to the conclusion that those things just aren't worth it to me as they would likely not bring me much, if any, more pleasure. I...
by protagonist
Tue Jul 09, 2019 1:01 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 27091

Re: Americans believe they need $1.7 million, on average, to retire

1) How can 50% of marriages end in divorce? Are 50% of people you know divorced? I don't know the personal histories of all the people I know. But thinking of my eight best friends (all in their 50s- early 70s), four have been divorced in the past, one has been widowed and recently remarried, two h...
by protagonist
Tue Jul 09, 2019 12:47 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 27091

Re: Americans believe they need $1.7 million, on average, to retire

Most people I know don't have a retirement goal, I'm 67. I retired at 55. I didn't have a retirement goal. Things at work changed and I just thought it would be a good time to retire (as it happens, right before the financial crash). The problem with setting "goals" is that it is a double edged swo...
by protagonist
Tue Jul 09, 2019 12:34 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 27091

Re: Americans believe they need $1.7 million, on average, to retire

But get married later in life (like 28-35) and your chances of divorce were much lower... like 35% for high-school education, and 25% for college educated. Yet I have read that second marriages have a higher rate of failure than first marriages (about 2/3 fail), and third marriages fail more than s...
by protagonist
Tue Jul 09, 2019 12:20 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 27091

Re: Americans believe they need $1.7 million, on average, to retire

1) How can 50% of marriages end in divorce? Are 50% of people you know divorced? I don't know the personal histories of all the people I know. But thinking of my eight best friends (all in their 50s- early 70s), four have been divorced in the past, one has been widowed and recently remarried, two h...
by protagonist
Tue Jul 09, 2019 8:47 am
Forum: Personal Consumer Issues
Topic: (Tall) Buyer Beware: Honda Accord.
Replies: 69
Views: 5213

Re: (Tall) Buyer Beware: Honda Accord.

Honda driver here since 1988 until 2017. 6'1" tall. In 2017 I test drove an Accord, a Camry, and a Hyundai Elantra Limited (and others), and wound up buying the Hyundai, partly because I found the seat more comfortable. It's not great- I couldn't find a car in that class that had seats nearly as com...
by protagonist
Mon Jul 08, 2019 8:07 pm
Forum: US Chapters
Topic: New York City Local Chapter established
Replies: 240
Views: 75019

Re: New York City Local Chapter established

I live in NYC about a third of the time. I would be interested in attending future meetings if I am in the city. I will be away for the July meeting.
by protagonist
Mon Jul 08, 2019 8:01 pm
Forum: Personal Investments
Topic: Help - Talk to me like I'm 4 y/o please
Replies: 90
Views: 7913

Re: Help - Talk to me like I'm 4 y/o please

Very simple. Just send an email to your advisor and then tell them you are terminating the relationship. Then pick a discount brokerage (Schwab, Fidelity, Vangaurd, etc) and call them to start a transfer. I second this advice. You owe your advisor nothing, and meeting with her is just a waste of yo...
by protagonist
Mon Jul 08, 2019 7:50 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 27091

Re: Americans believe they need $1.7 million, on average, to retire

What's the magic number for retirement savings? $1.7 million, according to a survey from Charles Schwab. How many of here are retired, or thinking of retiring, near this #? Assuming no pension and excluding paid for main residences in the numbers. Two thoughts: 1. Online surveys like that are silly...
by protagonist
Sat Jul 06, 2019 10:50 pm
Forum: Personal Consumer Issues
Topic: inkjet printer recs
Replies: 34
Views: 1480

Re: inkjet printer recs

I agree with the comments above....I switched over to a laser printer about a year or two ago after going through many inkjets and I am much happier....They virtually never break and replacement cartridges (after-market) are quite cheap. I keep a cheapie inkjet around for copying and scanning purpos...
by protagonist
Wed Jul 03, 2019 5:37 pm
Forum: Investing - Theory, News & General
Topic: Misbehaviour of markets and the Black Swan
Replies: 87
Views: 7554

Re: Misbehaviour of markets and the Black Swan

Contrary to other's opinions, I do find chaos/complexity (eg: Mandelbrot) actionable. 1. There is nothing wrong with living in a house of cards if they are the only houses available. But knowing what it is made of keeps one from buying into the "financial porn", and keeps one from taking baseless st...
by protagonist
Wed Jul 03, 2019 4:58 pm
Forum: Investing - Theory, News & General
Topic: Misbehaviour of markets and the Black Swan
Replies: 87
Views: 7554

Re: Misbehaviour of markets and the Black Swan

...Black swans are interesting but i don't see how to utilize them in a sensible fashion into a BH style portfolio. my recollection from the book was to take little risk with 80-90% of the portfolio and barbell it with very high risk investments for the balance... I remember, near the end of the bo...
by protagonist
Tue Jul 02, 2019 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: HCOL vs LCOL Dilemma
Replies: 96
Views: 4741

Re: HCOL vs LCOL Dilemma

j9j wrote:
Tue Jul 02, 2019 6:10 pm
Before this thread gets locked.
Good point. Let's not continue to argue the definition of diversity (yes, I am guilty, and have deleted my posts to make amends), as it is derailing the OP's thread.
by protagonist
Tue Jul 02, 2019 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: HCOL vs LCOL Dilemma
Replies: 96
Views: 4741

Re: HCOL vs LCOL Dilemma

deleted post- off-topic. Sorry.
by protagonist
Tue Jul 02, 2019 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: HCOL vs LCOL Dilemma
Replies: 96
Views: 4741

Re: HCOL vs LCOL Dilemma

deleted post....off-topic. sorry.
by protagonist
Tue Jul 02, 2019 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: HCOL vs LCOL Dilemma
Replies: 96
Views: 4741

Re: HCOL vs LCOL Dilemma

deleted post- off-topic. Sorry.
by protagonist
Tue Jul 02, 2019 9:47 am
Forum: Investing - Theory, News & General
Topic: Misbehaviour of markets and the Black Swan
Replies: 87
Views: 7554

Re: Misbehaviour of markets and the Black Swan

Yes. The Mandelbrot book in particular amazed me. I felt as if the scales had fallen from my eyes. I think it is interesting how rarely mainstream investment writers and experts talk about it. "Nihilistic" is exactly the word I would use, because if Mandelbrot is right, 99% of the financial economi...
by protagonist
Tue Jul 02, 2019 9:26 am
Forum: Personal Finance (Not Investing)
Topic: HCOL vs LCOL Dilemma
Replies: 96
Views: 4741

Re: HCOL vs LCOL Dilemma

Now the dilemma: Should we continue with our plan A (SoCal) or pivot to plan B (Dallas)? First, assuming the job is the same in both locations, ask yourself the obvious question...Where would you rather live and how much do you care? Dallas is very different than much of SoCal, so that shouldn't be...
by protagonist
Tue Jul 02, 2019 9:07 am
Forum: Personal Consumer Issues
Topic: Benchmade Modern sofas
Replies: 6
Views: 537

Re: Benchmade Modern sofas

I'm very hesitant to buy sofas and chairs that will be heavily used online without sitting in them. What's comfortable to someone else may not be comfortable to me. YMMV. Understandable....me, too, going only on reviews. That said, they have a great return policy....Full refund and free pickup with...
by protagonist
Tue Jul 02, 2019 8:59 am
Forum: Personal Consumer Issues
Topic: Benchmade Modern sofas
Replies: 6
Views: 537

Re: Benchmade Modern sofas

Winston19 wrote:
Mon Jul 01, 2019 3:26 pm
I looked at them but didn't end up buying. I was disappointed at how long it took to get a fabric sample.
Interesting . I ordered fabric samples yesterday and got an email a few hours later stating that they were shipped.
by protagonist
Mon Jul 01, 2019 2:09 pm
Forum: Personal Consumer Issues
Topic: Man’s life savings stolen from hijacked cellphone number
Replies: 188
Views: 19164

Re: Man’s life savings stolen from hijacked cellphone number

https://www.nbcbayarea.com/news/local/Mans-1M-Life-Savings-Stolen-In-Cell-Phone-Scam-509097961.html Really scary stuff, the scammers used an AT&T call center workers to pull off a theft of over a million in life savings. Happened in minutes. Apparently the SIM card transfer is very common. I wouldn...
by protagonist
Mon Jul 01, 2019 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Relocate to Seattle or NYC
Replies: 129
Views: 5960

Re: Relocate to Seattle or NYC

Realize that Seattle (and metro area) is VERY DIFFERENT than NYC (and metro area), and people tend to be very divided about living in/around NYC (some love it, some hate it). Thus, take opinions here with a grain of salt. Spend enough time visiting both and then decide which most speaks to you and y...
by protagonist
Mon Jul 01, 2019 1:53 pm
Forum: Personal Consumer Issues
Topic: Benchmade Modern sofas
Replies: 6
Views: 537

Benchmade Modern sofas

If anybody has had experience with Benchmade Modern sofas (the top rated brand on Wirecutter), please share them with me.

Thanks.
by protagonist
Thu Jun 27, 2019 11:07 am
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 412
Views: 44173

Re: What lifestyle creep made you happier?

I retired at age 55 in 2008 right before the big crash. Within a year I lost nearly half my money in the stock market and more than half of what was left in a divorce. I still think retiring at 55 rather than making more money was one of the best things that I have done. The reason I survived losing...
by protagonist
Thu Jun 27, 2019 10:41 am
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 412
Views: 44173

Re: What lifestyle creep made you happier?

I think people on here are more frugal and less materialistic than typical Americans, but still I think it's better to look at data from studies than just think it about it from my own personal view. I disagree. There is so much subject-to-subject variability that I am not sure any study will provi...
by protagonist
Thu Jun 27, 2019 10:09 am
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 412
Views: 44173

Re: What lifestyle creep made you happier?

I think people on here are more frugal and less materialistic than typical Americans, but still I think it's better to look at data from studies than just think it about it from my own personal view. I disagree. There is so much subject-to-subject variability that I am not sure any study will provi...
by protagonist
Thu Jun 27, 2019 9:57 am
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 412
Views: 44173

Re: What lifestyle creep made you happier?

1. That's a potentially interesting topic in the abstract, happiness across wealth levels and among countries, or times in history (though the latter is even harder to meaningfully assess). But I find it of next to zero relevance in determining how to live my own life. I'm entirely convinced we'd b...
by protagonist
Thu Jun 27, 2019 12:27 am
Forum: Investing - Theory, News & General
Topic: Study: The Rate of Return on Everything, 1870-2015
Replies: 188
Views: 34121

Re: Study: The Rate of Return on Everything, 1870-2015

The first blog article reflects on the possible use of real estate (housing) income as a diversifier: https://evergreensmallbusiness.com/rate-of-return-on-everything-paper/ One must consider that for many, if not most, homeowners, the largest component of their net worth is in home equity. Thus, th...
by protagonist
Thu Jun 27, 2019 12:03 am
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 412
Views: 44173

Re: What lifestyle creep made you happier?

I agree that less is often more, but I think if you could point to studies that would make a more compelling argument. Which counties, income levels, generations, etc are happiest? I believe I have seen studies that suggest that, in the USA at least, increased wealth has some positive correlation w...
by protagonist
Wed Jun 26, 2019 11:59 am
Forum: Investing - Theory, News & General
Topic: Why is the risk of loss greater in a concentrated portfolio?
Replies: 27
Views: 1788

Re: Why is the risk of loss greater in a concentrated portfolio?

Can someone explain why or point me in the right direction please? This is in the context of someone who maintains that he carefully selects his stocks and claims to know what he is doing! Yes you can make oodles of $ in tiny, obscure stock markets where you are one of the very few who actually dil...
by protagonist
Wed Jun 26, 2019 11:27 am
Forum: Investing - Theory, News & General
Topic: are TIPS expensive? or are they cheap?
Replies: 186
Views: 15423

Re: are TIPS expensive? or are they cheap?

Fair comment. Real rates move around but not by as much. I found a discussion of that with a good chart: https://www.bogleheads.org/forum/viewtopic.php?t=119348 . It was just to note that people should remember that even CDs are not "risk" free if that term is taken to mean interest rates can be co...
by protagonist
Wed Jun 26, 2019 10:45 am
Forum: Investing - Theory, News & General
Topic: are TIPS expensive? or are they cheap?
Replies: 186
Views: 15423

Re: are TIPS expensive? or are they cheap?

For example one year returns for Vanguard Total bond Market fund over the last 30 years: https://i.postimg.cc/HnYvNXkq/TBM-Rolling-Return.jpg http://quotes.morningstar.com/chart/fund/chart?t=VBMFX®ion=usa&culture=en_US&dataParams=%7B%22zoomKey%22%3A10%2C%22version%22%3A%22US%22%2C%22showNav%22%3...
by protagonist
Wed Jun 26, 2019 10:31 am
Forum: Investing - Theory, News & General
Topic: are TIPS expensive? or are they cheap?
Replies: 186
Views: 15423

Re: are TIPS expensive? or are they cheap?

As a practical example does no one remember the wailing and gnashing of teeth a few years ago when people started to find out that they could only renew their 5% CDs for no more than about 1%? Yes, but taking that in perspective, without knowing the exact numbers, 5% nominal in real terms (at that ...
by protagonist
Wed Jun 26, 2019 9:11 am
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 412
Views: 44173

Re: What lifestyle creep made you happier?

But I think nicer things can make people a little happier too. Another way to look at this. You have nicer things than probably 99% of everybody who ever lived, including kings, emperors, etc. Almost everybody in the US today who is not in abject poverty does. Poor people today have to take subways...
by protagonist
Tue Jun 25, 2019 8:46 pm
Forum: Investing - Theory, News & General
Topic: Why is the risk of loss greater in a concentrated portfolio?
Replies: 27
Views: 1788

Re: Why is the risk of loss greater in a concentrated portfolio?

10 years ago I became convinced that the whole technology world would do better than industry as a whole and moved my investments from SPY to QQQ. My returns have been double that of the S&P. Many people were convinced of the same on March 9, 2000 when the NASDAQ topped 5000. By October 2002 it was...
by protagonist
Tue Jun 25, 2019 8:00 pm
Forum: Investing - Theory, News & General
Topic: are TIPS expensive? or are they cheap?
Replies: 186
Views: 15423

Re: are TIPS expensive? or are they cheap?

Either I don't understand the concept (which is certainly possible), or "reinvestment risk" is way overblown. Consider this: Today I want to choose between these 3 investments: - 5 year TIPS at grok's assumed 2.17% current annual yield - CD (depositaccounts.com lists 9 one year CD choices for me wi...