Search found 245 matches

by staustin
Sat Apr 04, 2020 5:12 pm
Forum: Personal Investments
Topic: What Individual stocks are you buying?
Replies: 88
Views: 6254

Re: What Individual stocks are you buying?

Like others have mentioned, the $'s are very small in total. The vast majority of my equity holdings are index funds. t's just intellectual stimulation at this point more than anything.
by staustin
Sat Apr 04, 2020 12:12 pm
Forum: Personal Investments
Topic: What Individual stocks are you buying?
Replies: 88
Views: 6254

Re: What Individual stocks are you buying?

RC DAL MGM NVCR ZTS Since I’m buying some, you can expect bankruptcy of at least two. Added as a disclaimer- indexes make up 90%+ of my portfolio. DAL and XOM p/e ratio's low low low..... of course recognizing that dal in particular will have no income short term. but, it's currently trading at 3.....
by staustin
Thu Apr 02, 2020 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Banks doing SBA PPP that actually have the correct process?
Replies: 12
Views: 867

Re: Banks doing SBA PPP that actually have the correct process?

Visited a Bank of America branch today, they directed me to their generic small business website. Nothing specific about the PPP program there. Their small business forum has a lot of discussion about the program, but I didn't get into it. Capital One's website has a landing page, but they are "pen...
by staustin
Thu Apr 02, 2020 8:24 am
Forum: Investing - Theory, News & General
Topic: chances of the dollar becoming devalued
Replies: 24
Views: 1828

Re: chances of the dollar becoming devalued

> In Argentina they removed a zero from everyone's holdings. So overnight a 1mm became 100,000 How exactly is this done and what are the consequences The tooth fairy and Santa Claus pick up some side gig cash and fly around with magic eraser pens. That's what I read on the internet in a forum for a...
by staustin
Wed Apr 01, 2020 11:18 pm
Forum: Investing - Theory, News & General
Topic: chances of the dollar becoming devalued
Replies: 24
Views: 1828

Re: chances of the dollar becoming devalued

An extremely complicated topic. The chances are remote in the short term increasingly likely at some point in the future as the dollar loses reserve currency status and debt levels become unsustainable. Read Ray Dalio's article on the subject found on his linked in page. Google also impact on Argent...
by staustin
Mon Mar 30, 2020 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Any banks that provide fixed-rate loans for funding partnership capital accounts?
Replies: 3
Views: 212

Re: Any banks that provide fixed-rate loans for funding partnership capital accounts?

too general a question... in very strong markets, a number of Bank private client groups have made such loans. Generally for medically related relationships and law firms; the buying in and selling out of practices. But, very rarely with fixed rate structures. In this environment, it's difficult to ...
by staustin
Mon Mar 23, 2020 3:20 pm
Forum: Investing - Theory, News & General
Topic: Who here is buying stocks today and how much?
Replies: 296
Views: 24139

Re: Who here is buying stocks today and how much?

for the first time ever, i'm buying a few individual stocks here and there.
by staustin
Mon Mar 23, 2020 7:49 am
Forum: Personal Consumer Issues
Topic: How are you supporting your community?
Replies: 60
Views: 2992

Re: How are you supporting your community?

We're offering to help elderly friends and neighbors, continuing to pay the nice lady and her team that clean our our (even though we have suspended service until this is all sorted), ordering takeout from local restaurants and finding other ways to contribute time and money here and there.
by staustin
Mon Mar 23, 2020 7:25 am
Forum: Investing - Theory, News & General
Topic: Fed Buyback: Breaking News
Replies: 25
Views: 3333

Re: Fed Buyback: Breaking News

Being way too brief, the move is supportive of money markets by supplying unlimited amounts of liquidity. Basically the fed is massively expanding the money supply again via qe4.
by staustin
Sun Mar 22, 2020 11:28 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18105
Views: 2554691

Re: U.S. stocks in free fall

I'm buying tomorrow..... And will continue to build back my target allocation. I may actually buy a few individual stocks this time instead of the s&p. Jp Morgan is 41% off as of Friday!
by staustin
Sun Mar 22, 2020 9:49 am
Forum: Personal Investments
Topic: F.I.R.E. is over
Replies: 14
Views: 1314

Re: F.I.R.E. is over

mbasherp wrote:
Sun Mar 22, 2020 9:45 am
The more enlightened FIRE devotees realize that their biggest strengths are their resourcefulness, adaptability and frugality. Those give much more freedom than market returns.
So well said!! :sharebeer :sharebeer
by staustin
Sun Mar 22, 2020 9:41 am
Forum: Personal Investments
Topic: F.I.R.E. is over
Replies: 14
Views: 1314

Re: F.I.R.E. is over

perhaps... we shall see. regardless, the millenials ideas about low overhead, simple lifestyles and less focus on consumption are refreshing, to me at least, and should serve them well in the future.
by staustin
Sat Mar 21, 2020 9:08 am
Forum: Personal Finance (Not Investing)
Topic: What to do as a landlord (single property)
Replies: 10
Views: 1049

Re: What to do as a landlord (single property)

i'm not an attorney but i've been involved in real estate lending / documentation for 20+ years. google forebearance agreements for landlords.. the contents and language needed is fairly simply (tenant acknowledges non-payment, waives any current or prior claims against landlord, description of paym...
by staustin
Thu Mar 19, 2020 8:12 pm
Forum: Investing - Theory, News & General
Topic: Has anybody been paying attention to currency moves?
Replies: 10
Views: 561

Re: Has anybody been paying attention to currency moves?

I've seen it. It's punishing my emerging markets fund. :oops:
by staustin
Thu Mar 19, 2020 12:59 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18105
Views: 2554691

Re: U.S. stocks in free fall

looks like market may be starting to find a bottom...
by staustin
Wed Mar 18, 2020 9:36 pm
Forum: Investing - Theory, News & General
Topic: thank you Bill Bernstein: "If You've Won the Game, Stop Playing"
Replies: 51
Views: 6500

Re: thank you Bill Bernstein: "If You've Won the Game, Stop Playing"

Curious, what kind of bonds are you all holding? I'm pretty happy overall, but disappointed in my VTEB holding, which is admittedly small vs. my core bond holdings of VWITX/VCAIX. What have been your choices for taxable? My bond allocation is too large to hold in my tax sheltered, so unfortunately ...
by staustin
Wed Mar 18, 2020 9:28 pm
Forum: Investing - Theory, News & General
Topic: thank you Bill Bernstein: "If You've Won the Game, Stop Playing"
Replies: 51
Views: 6500

Re: thank you Bill Bernstein: "If You've Won the Game, Stop Playing"

It was very difficult at times watching the market race ahead and being only 20% in stocks. But.... I wasn't able to fully implement the part about holding individual bonds but I'm getting there.

Thank you Dr Bernstein.
by staustin
Wed Mar 18, 2020 1:22 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18105
Views: 2554691

Re: U.S. stocks in free fall

As we said a few weeks ago, it's during the bear that we determine our true risk tolerance... Holding on fine so far. Even rebalanced into stocks a little. But I have to admit, I'm gritting my teeth and it is painful. I didn't expect this drop to get much past 30% when it started, now I feel like 5...
by staustin
Wed Mar 18, 2020 1:15 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18105
Views: 2554691

Re: U.S. stocks in free fall

REIT is hit hard. NRZ is down by more than 50% today. Does the market expect many people lose their homes? people can only guess at this point. once the dust settles after the crash an analysis will be done. it's usually a rush for the exits; ala what's happening at your local grocery store at the ...
by staustin
Tue Mar 17, 2020 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: How Is Your Job Being Impacted By The Current Crisis?
Replies: 387
Views: 34107

Re: How Is Your Job Being Impacted By The Current Crisis?

Corporate banking group manager. Spending hours on the phone talking with cfo's, reassuring employees, etc. Almost every sectior of our portfolio is touched by the shutdown. This will be my third trip through the business cycle; the last time being 2008. Liquidated businesses and foreclosed on prope...
by staustin
Sun Mar 15, 2020 5:43 pm
Forum: Investing - Theory, News & General
Topic: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20
Replies: 396
Views: 19704

Re: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20

Back to zero interest rates and QE4.... the dollar debasing picks up steam.
by staustin
Thu Mar 12, 2020 1:21 pm
Forum: Investing - Theory, News & General
Topic: Why are bonds falling?
Replies: 236
Views: 5223

Re: Why are municipal bonds down 5% today?

similar to the other thread on this topic, yields on 10-year benchmark state and local government debt jumped 22 basis points to 1.15% as of 1:00 p.m. Wednesday. Yields on long-dated bonds rose 24 basis points.
by staustin
Thu Mar 12, 2020 1:15 pm
Forum: Personal Investments
Topic: Why did Muni funds crash today?
Replies: 17
Views: 1674

Re: Why did Muni funds crash today?

guessing: if etf can be a rush to the exits by hedge funds who are selling bonds to buy equities. if a fund, yields rising? edit: from bloomberg, "yields on 10-year benchmark state and local government debt jumped 22 basis points to 1.15% as of 1:00 p.m. Wednesday, heading for the biggest one-day le...
by staustin
Thu Mar 12, 2020 1:06 pm
Forum: Investing - Theory, News & General
Topic: Get in now or wait a bit
Replies: 15
Views: 876

Re: Get in now or wait a bit

Congrats on having dry powder. you were wise.. personally, i'm dividing my $'s into 10 increments. I'll be buying on down days as we bounce along or, as today, a particularly bad down day maybe a little more.
by staustin
Thu Mar 12, 2020 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Anyone thinking there will be a run on the banks?
Replies: 23
Views: 1629

Re: Anyone thinking there will be a run on the banks?

I don’t want to start that but my brother in law who’s in Finance (left Bear Stern before the financial crisis) said it wouldn’t be the worst idea to have cash on hand in case credit cards stop working. I can’t envision that credit cards would stop working but I can see the idea that people might t...
by staustin
Thu Mar 12, 2020 10:25 am
Forum: Investing - Theory, News & General
Topic: U.S. bonds in freefall
Replies: 82
Views: 11251

Re: U.S. bonds in freefall

Important to clarify that BND is an ETF and far different than owning an actual bond fund, or even better, actual bonds.
by staustin
Wed Mar 11, 2020 3:43 pm
Forum: Personal Investments
Topic: officially bear market ...
Replies: 77
Views: 6950

Re: officially bear market ...

I have followed and been in the market for many years. This overreaction is pure panic. When will this end? answer: the moment the WHO says virus has lessened or is contained. The result- the market will immediately sky rocket back to high or near-high levels. Depends on the amount of damage done t...
by staustin
Tue Mar 10, 2020 7:16 am
Forum: Personal Consumer Issues
Topic: Postponed travel due to Corona Virus. Am I am overreacting ?
Replies: 232
Views: 22863

Re: Postponed travel due to Corona Virus. Am I am overreacting ?

I am not stockpiling water and toilet paper and I think there is a lot of overreaction going on. Having said that, I would not travel anywhere unless it was absolutely necessary until it is more clear what we are dealing with. Why take an unnecessary chance. Agree. We postponed our spring break tri...
by staustin
Mon Mar 09, 2020 8:20 am
Forum: Personal Investments
Topic: Anyone buying oil/energy sector?!
Replies: 56
Views: 4879

Re: Anyone buying oil/energy sector?!

Wow! Oil down 30% due to Saudi-Russian fallout. Anyone plan on buying oil or energy sector funds? :twisted: Egads, no. Why would I buy into an industry that is undergoing declining long term secular demand? 10 years from, I doubt I'll own an ICE car. The UK is going petrol-less by 2035. Buying oil ...
by staustin
Sat Mar 07, 2020 11:28 am
Forum: Personal Investments
Topic: Living off dividends in retirement?
Replies: 106
Views: 7816

Re: Living off dividends in retirement?

Whats wrong with a strategy of investing in say around 30 companies that pay decent dividends. I started a spreadsheet back in January to monitor this using 1.5 million, dividend would be around 73,500 per year. Corona virus brought the 1.5 to 1.33 million but hey not interested in selling any just...
by staustin
Thu Mar 05, 2020 2:24 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18105
Views: 2554691

Re: U.S. stocks in free fall

Stocks are still super expensive... wake me up when it falls another 10% at a minimum, then stocks will be on sale. Before that I have no interest in doing anything and will let the greater fools buy the dip. S&P 500 p/e ratio was an eye watering 25 on Feb 1st, and 22.8 today. By historical standar...
by staustin
Sun Mar 01, 2020 9:40 am
Forum: Investing - Theory, News & General
Topic: If you have won the game, how much risk do you take?
Replies: 73
Views: 5820

Re: If you have won the game, how much risk do you take?

I appreciate all the replies. My query in starting this post was to determine: 1. How do we know when we have “won the game?” 2. How much risk should one take after winning the game? To the first question, it seems the consensus is that if one has enough secure income (SS, pensions, X% of dividend ...
by staustin
Wed Feb 26, 2020 3:13 pm
Forum: Personal Consumer Issues
Topic: Cancel flights due to coronavirus concerns?
Replies: 76
Views: 7707

Re: Cancel flights due to coronavirus concerns?

Not traveling in the us seems an overreaction to me. We're booked for london over spring break. I plan to make a go / no go decision the week before. if conditions then are the same as now, i'm going. Can't live in fear.
by staustin
Mon Feb 24, 2020 4:19 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18105
Views: 2554691

Re: U.S. stocks in free fall

the black swan is approaching.....
by staustin
Mon Feb 24, 2020 12:41 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18105
Views: 2554691

Re: U.S. stocks in free fall

the 100% equity all in threads will likely slow down for a while now....
by staustin
Sun Feb 16, 2020 12:45 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on Charlie Munger's recent comments?
Replies: 84
Views: 10387

Re: Thoughts on Charlie Munger's recent comments?

you can listen to the whole thing here instead of reading someone else's characterizations of his comments https://www.youtube.com/watch?v=HS8neXkNnhw Charlie is always interesting. his comments about EBIDTA were about "adjusted EBIDTA" listening to the whole thing I did not get the sense at all th...
by staustin
Thu Feb 13, 2020 12:16 pm
Forum: Personal Investments
Topic: Who’s Buying Bitcoin?
Replies: 307
Views: 17534

Re: Who’s Buying Bitcoin?

i'm allocating dollars to bitcoin and gold monthly.. marketwatch front page article today only reinforces my conviction. In it, Powell discusses aggressive QE almost as the last tool in the tool box that could be effective in the next downturn, in light of low / negative interest rates and budget d...
by staustin
Thu Feb 13, 2020 9:07 am
Forum: Personal Investments
Topic: FIRED!! [Unexpectedly laid off]
Replies: 59
Views: 12696

Re: FIRED!!

With 32k in expenses, and well over 1.3M in assets, I think they're ready to retire now while deferring social security until 70. Given the OP's numbers, I think there's no need to invest in stocks at all. They could easily put $500k into a TIPS ladder to mitigate inflation risk and still live well...
by staustin
Wed Feb 12, 2020 1:48 pm
Forum: Personal Investments
Topic: Who’s Buying Bitcoin?
Replies: 307
Views: 17534

Re: Who’s Buying Bitcoin?

i'm allocating dollars to bitcoin and gold monthly.. marketwatch front page article today only reinforces my conviction. In it, Powell discusses aggressive QE almost as the last tool in the tool box that could be effective in the next downturn, in light of low / negative interest rates and budget de...
by staustin
Thu Feb 06, 2020 11:59 pm
Forum: Personal Consumer Issues
Topic: What is the best concert you ever witnessed?
Replies: 385
Views: 27075

Re: What is the best concert you ever witnessed?

Sigur Ros at the cal Greek theater. If started pouring near the end during the massive song with which they end all shows. Top 5 life experience thus far
by staustin
Wed Jan 15, 2020 5:29 pm
Forum: Personal Consumer Issues
Topic: Roku Express+ or Roku Streaming Stick+ for a Non-Tech Cord Cutter?
Replies: 20
Views: 1433

Re: Roku Express+ or Roku Streaming Stick+ for a Non-Tech Cord Cutter?

For standard tv viewing the Roku premiere has been fantastic for us. We have it on 4 TV's. If I were buying today I'd go with the stick.
by staustin
Sun Jan 05, 2020 11:00 am
Forum: Investing - Theory, News & General
Topic: 100% total stock index funds until I retire?
Replies: 72
Views: 7534

Re: 100% total stock index funds until I retire?

So JL Collins recommends going 100% VTSAX until you retire and then move some percentage into bonds. This approach makes sense to me. What do the bogleheads think? Also assume I’ll have greater than $5 million invested (in today’s dollars) when I retire. In a certain sense I admire someone such as ...
by staustin
Mon Dec 30, 2019 2:09 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 445
Views: 115061

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

I have been very 'stealthy' most of my adult life while steadfastly working to achieve various milestones of saving (max 401k, Roth, HSA, etc.). We have lived beneath our means, always purchased used cars, shopped at resale shops for the kids. TJ Maxx, Marshalls, etc. for ourselves, but frequently ...
by staustin
Sat Dec 28, 2019 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: White Coat Investor: Enough is Enough!
Replies: 289
Views: 31190

Re: White Coat Investor: Enough is Enough!

I was/am? a compulsive saver. Saw my parents having to move to a Florida mobile home community (it was pretty nice) when my father was forced into retirement just short of getting his full pension. My mom also started me off very young with opening a savings account. Despite being forced into retir...
by staustin
Tue Dec 17, 2019 10:49 am
Forum: Investing - Theory, News & General
Topic: The worst investment advice I know
Replies: 170
Views: 14529

Re: The worst investment advice I know

As someone on page 1 said, the point should be: "Never speculate with money you cannot afford to lose." Investing is not speculating, and is different for people who must eventually live off their portfolio vs. those who have a comfortable pension to rely on. For long-term investing: - How old are ...
by staustin
Sat Dec 14, 2019 1:07 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2020!
Replies: 114
Views: 14907

Re: Roll Call for the Retirement Class of 2020!

how i love this thread....!!! so inspiring. I'm likely in the class of 2021. meantime i'll live vicariously through this thread a little longer. Congratulations to you all. :beer
by staustin
Sat Dec 14, 2019 11:32 am
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 906
Views: 122852

Re: That's enough for me in 2019

This is my top-calling post. Feel free to bump as we make new highs. Hey, you asked for it. :D Market just closed on Friday another all-time high--over 12% gain since your post in March. You know. We see the same thing year after year posted on these forums. Namely: nobody can time the market. And ...
by staustin
Sat Dec 14, 2019 11:06 am
Forum: Investing - Theory, News & General
Topic: Federal Budget Deficit Risks and Investment Strategy
Replies: 148
Views: 8419

Re: Federal Budget Deficit Risks and Investment Strategy

Ray Dalio has commented on this topic quite a bit. He's presentation about the rise and fall of empires throughout history is worth reading. The presentations can be found in his linked-in profile. As part of that he also discusses a corresponding investment strategy.