Search found 752 matches

by FireProof
Mon Aug 03, 2020 9:10 pm
Forum: Investing - Theory, News & General
Topic: [Direxion’s QMJ long short fund]
Replies: 48
Views: 2009

Re: [Direxion’s QMJ long short fund]

NTSXsim vs QMJsim As stated, these are simulated results so take with a grain of salt when setting your future expectations. Nice, thanks for that... I was just curious. It does seem rather impressive... It seems to have diverged significantly from S&P500 after 2000, but didn't do the same, so much...
by FireProof
Fri Jul 31, 2020 10:10 pm
Forum: Personal Consumer Issues
Topic: Does a couple really "need" an SUV?
Replies: 214
Views: 9571

Re: Does a couple really "need" an SUV?

No couple has ever survived without one so far, but hey, maybe you'll be the first?
by FireProof
Fri Jul 31, 2020 10:03 pm
Forum: Personal Investments
Topic: 28 year old with $1.4 million in cash investing for the first time. My thoughts.
Replies: 65
Views: 7796

Re: 28 year old with $1.4 million in cash investing for the first time. My thoughts.

Even at 3%, $42,000/year (almost tax-free) for a single person with no tethers to an expensive place gives you well-above average disposable income. Your main problem seems to be health insurance. It's expensive and getting more expensive, and you won't even have Social Security after retirement, wh...
by FireProof
Wed Jul 29, 2020 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Adding Canadian Citizenship - any downsides?
Replies: 99
Views: 6915

Re: Adding Canadian Citizenship - any downsides?

Briefly mentioned already, but traveling on a Canadian passport might prove a benefit. For example, before the current right wing governments (and quite likely again after), Brazil and Bolivia both required Americans to apply for a visa well in advance and pay fees, while Canadians could enter for f...
by FireProof
Mon Jul 27, 2020 1:41 am
Forum: Investing - Theory, News & General
Topic: Who's doing 100% international equity?
Replies: 129
Views: 17212

Re: Who's doing 100% international equity?

I've been completely out of the US since mid-March. I was sure that the US would eventually be the hardest hit by coronavirus, and yet other markets had dropped more at the time since it hadn't really reached the US yet (crazy to think there were 20-something deaths per day, and it seemed significan...
by FireProof
Wed Jul 22, 2020 12:08 am
Forum: Personal Consumer Issues
Topic: Recommend 3 southern locales to retire!
Replies: 86
Views: 9466

Re: Recommend 3 southern locales to retire!

In the US you have a choice between very humid but not too expensive places (southeast) and not humid but expensive (California). CA has the best weather by far. I don't live there. My parents had a place in GA. I thought it was unliveable much of the year because of heat and humidity (although the...
by FireProof
Tue Jul 21, 2020 4:37 pm
Forum: Personal Consumer Issues
Topic: Advice on a more livable place
Replies: 145
Views: 11971

Re: Advice on a more livable place

Southern Oregon, near Eugene (or perhaps Ashland). Mild weather 10 months a year (and even December and January will seem warm after Chicago), mix of university types, coastal hippie types, huntin', fishin' God/country types, a modest influx of Californians, mid-sized cities with amenities but no tr...
by FireProof
Mon Jul 20, 2020 12:58 pm
Forum: Personal Consumer Issues
Topic: When to take a sabbatical year (as my kids grow up)
Replies: 29
Views: 2478

Re: When to take a sabbatical year (as my kids grow up)

I have experience from the kid's perspective - when I would have been in 6th grade and my sister would have been in kindergarten. It's a bit different from your plans, because while the family did travel extensively through France and Italy, we attended most of a school year in France (just creating...
by FireProof
Fri Jul 17, 2020 12:58 pm
Forum: Investing - Theory, News & General
Topic: Often overlooked aspect of backtesting: contributions
Replies: 11
Views: 822

Re: Often overlooked aspect of backtesting: contributions

That has nothing to do with the long-term return of the investment, just about timing luck - a lot of the return of the small-cap must have been early on, when there was barely anything invested, so it was mostly irrelevant. It's possibility true that small-cap, being more volatile, is more prone to...
by FireProof
Tue Jul 14, 2020 8:45 pm
Forum: Personal Consumer Issues
Topic: 4-year-old Corolla on long trip
Replies: 51
Views: 3497

Re: 4-year-old Corolla on long trip

Drove my 2001 Toyota Avalon with 200,000 miles on it 800 miles a few weeks ago (NorCal to Oregon). By mile 600, the check engine light came on, oil was bone dry. Over the rest of the trip and the drive back (a week later and a little longer, since we took a detour to Lassen), it sucked down quarts o...
by FireProof
Mon Jul 06, 2020 4:31 pm
Forum: Personal Consumer Issues
Topic: Thinking of buying myself a luxury item.. Is LV wallet a legit purchase?
Replies: 153
Views: 7622

Re: Thinking of buying myself a luxury item.. Is LV wallet a legit purchase?

For me treating or rewarding myself would be buying something expense that I've wanted, but haven't allowed myself because of the price, not just seeking out something overpriced to spend money on. Obviously tastes vary, but the fact that the only reason you mentioned wanting it was the brand makes ...
by FireProof
Tue Jun 23, 2020 1:34 am
Forum: Investing - Theory, News & General
Topic: Top 10 Things Bogleheads Get Wrong - White Coat Investor
Replies: 143
Views: 13854

Re: Top 10 Things Bogleheads Get Wrong - White Coat Investor

Seems strange to call Bogleheads staid and close-minded when they have embraced a 300% leverage portfolio.
by FireProof
Fri May 29, 2020 5:03 pm
Forum: Personal Consumer Issues
Topic: New iPhone SE?? has anyone bought and used one?
Replies: 30
Views: 2522

Re: New iPhone SE?? has anyone bought and used one?

Long time Android/Google lover... don't LOVE this phone. Terrible in lots of ways... BUT I got it because 1) Update for 4-5 years 2) $400 (well less after rebates). Can't justify paying $800+ for an Android phone that get's updates for 2 years (sometimes less). Phone is fast, screen is crap but it ...
by FireProof
Thu May 28, 2020 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Simple jobs during FATFire?
Replies: 152
Views: 10421

Re: Simple jobs during FATFire?

I'm already morbidly obese. Now I just need to get my hands on some cash.
by FireProof
Thu May 28, 2020 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 320
Views: 18322

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

Can those who are actually familiar with the Bay Area suggest where the OP should move to to get access to the "good" public schools? And how much it would cost to buy into those areas? I live in San Mateo, my house is $1.9M and my public high school is nowhere close to a "good" school. Elementary ...
by FireProof
Thu May 07, 2020 1:00 pm
Forum: Investing - Theory, News & General
Topic: All my friends are outperforming index funds
Replies: 122
Views: 11498

Re: All my friends are outperforming index funds

As long as you are fully invested in any particular play, you are about as likely as not to beat the market, certainly over a single market cycle, which can last years (e.g. a good run for growth stocks, or small cap, or tech). The real danger is when people try to beat the market by timing it. Firs...
by FireProof
Thu Apr 30, 2020 2:01 pm
Forum: Investing - Theory, News & General
Topic: Are gamblers using the market now that casinos are closed?
Replies: 46
Views: 3093

Re: Are gamblers using the market now that casinos are closed?

mega317 wrote:
Thu Apr 30, 2020 12:02 pm
I don't see the draw. In a casino you have a real chance of losing all of your money or doubling it in a few hours or less. That just ain't going to happen with a stock. Booooring.
You're not investing in the right stocks and/or options!
by FireProof
Thu Apr 30, 2020 1:55 pm
Forum: Investing - Theory, News & General
Topic: ??? Thomas Stanley - Stop Acting Rich book
Replies: 121
Views: 13462

Re: ??? Thomas Stanley - Stop Acting Rich book

... Now, while it's true it takes fewer high-income farmers than high-income physicians to produce 100 millionaires, the chance of becoming a millionaire is still much higher among physicians. Yes, but the farmers are much better at it individually. This isn’t a study on which profession creates th...
by FireProof
Sat Apr 25, 2020 2:45 pm
Forum: Personal Consumer Issues
Topic: Costco Delivery
Replies: 41
Views: 5712

Re: Costco Delivery

In the morning in Silicon Valley, through https://sameday.costco.com/ there is always five-hour delivery (and they've always met this promise). I actually just ordered about 1 hour ago, and it already came. Sometimes if you try later in the day, it is "Flexible Next Day" delivery, which isn't very r...
by FireProof
Thu Apr 16, 2020 9:17 pm
Forum: Investing - Theory, News & General
Topic: whos' just about had it w/ SCV ?
Replies: 263
Views: 16751

Re: whos' just about had it w/ SCV ?

If you thought it was a good investment before, the longer the underperformance, the better an investment it becomes. If you don't understand that logic, you should definitely never have done anything besides buy total market, because you're part of that very large group of (to me, alien) investors ...
by FireProof
Thu Mar 19, 2020 10:32 pm
Forum: Personal Investments
Topic: I knew this was going to happen and did nothing...
Replies: 107
Views: 10158

Re: I knew this was going to happen and did nothing...

At your age, why do you feel that you should have changed your long-term stock allocation due to a short-term market drop? Or do you think the pandemic is going to permanently change the market? Well, if he truly knew there would be a drop, he could have sold, then bought back in after the drop. Ma...
by FireProof
Sun Mar 15, 2020 2:57 pm
Forum: Personal Consumer Issues
Topic: Are you still going to the gym ...
Replies: 210
Views: 12628

Re: Are you still going to the gym ...

I understand that I am far more likely to catch the seasonal flu than Covid 19. Therefore, I am going to the gym the same number of times I've always been going. I will continue to wipe down the equipment before and after use just as I've always done. The gym has provided wipe stations near the equ...
by FireProof
Sun Mar 15, 2020 2:23 pm
Forum: Personal Consumer Issues
Topic: Are you still going to the gym ...
Replies: 210
Views: 12628

Re: Are you still going to the gym ...

I understand that I am far more likely to catch the seasonal flu than Covid 19. Therefore, I am going to the gym the same number of times I've always been going. I will continue to wipe down the equipment before and after use just as I've always done. The gym has provided wipe stations near the equ...
by FireProof
Tue Feb 25, 2020 10:11 pm
Forum: Personal Consumer Issues
Topic: Postponed travel due to Corona Virus. Am I am overreacting ?
Replies: 232
Views: 24242

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

The UK will be a much safer place to be in the face of coronavirus than the US. Bottom line, the British health system is much more effective than the US in patient outcomes at the median and especially at the bottom. For a pandemic, this latter is particularly important, since a significant untreat...
by FireProof
Thu Feb 20, 2020 5:46 pm
Forum: Personal Consumer Issues
Topic: HS Latin or Spanish/ASL?
Replies: 63
Views: 2561

Re: HS Latin or Spanish/ASL?

Doesn't really matter - you won't learn a foreign language in an American high school. That 4th academic year is worth a week or two of actual learning.
by FireProof
Thu Feb 20, 2020 5:40 pm
Forum: Personal Consumer Issues
Topic: New Grad with fashion design degree looking for job in that field
Replies: 99
Views: 3756

Re: New Grad with fashion design degree looking for job in that field

I would say no situation in life is so bad as to recommend an accounting degree! And my wife had no interest in or training in fashion, yet now it has worked out that many of her largest and best-paying clients are in fashion, simply because there are a lot of massive, profitable companies wholly or...
by FireProof
Wed Feb 12, 2020 10:50 am
Forum: Personal Consumer Issues
Topic: What are your not free but still frugal hobbies?
Replies: 102
Views: 7686

Re: What are your not free but still frugal hobbies?

Tennis: A couple of rackets at $60 each last for years. Cans of balls for $2 a pop at Costco, use them at least 3 or 4 times each. String with a modern, playable co-poly, so almost never have to restring. Public courts are free.
by FireProof
Wed Feb 05, 2020 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Couples w/ kids: What is/was the most expensive time period of your life?
Replies: 145
Views: 12202

Re: Couples w/ kids: What is/was the most expensive time period of your life?

For me: Most expensive 1. College 2. Preschool 3. High school 4. Elementary school But then, I wasn't a greedy child (and my parents would have been willing to say no). But I have a relative in high school whose parents buy her all the expensive sneakers she wants (2 or 3 pairs per month), the lates...
by FireProof
Tue Feb 04, 2020 11:09 am
Forum: Investing - Theory, News & General
Topic: Why many inheritances don't last past 3 generations
Replies: 144
Views: 17987

Re: Why many inheritances don't last past 3 generations

Any historical data is fairly out-of-date, I would say. For pretty much all of history, the average family would have 4+ kids. If 3 generations are 64+ great-grandchildren, dilution is pretty severe (even in primogeniture, the lucky son would still have some kind of duty to aids his less fortunate c...
by FireProof
Wed Jan 29, 2020 11:03 pm
Forum: Personal Consumer Issues
Topic: Should I install modern water savings toilet in old building? Plumber says absolutely NOT TO
Replies: 52
Views: 5625

Re: Should I install modern water savings toilet in old building? Plumber says absolutely NOT TO

I have heard of similar issues, it is a real thing, depending on the overall construction of the lines, which you probably have no good way to learn about. Next best option is ask around to see if anyone else has upgraded, how many, and results, although I imagine approaching fellow tenants whom yo...
by FireProof
Fri Jan 24, 2020 8:58 am
Forum: Investing - Theory, News & General
Topic: Isn’t Inflation Much Larger Than 2%?
Replies: 289
Views: 19321

Re: Isn’t Inflation Much Larger Than 2%?

A lot of confirmation bias, and it makes sense, because housing and health insurance is very visible. But other things have gotten more affordable over the years. Food (that is, staples) nowadays is so ridiculously cheap it is amazing anyone could starve.
by FireProof
Tue Jan 21, 2020 11:53 am
Forum: Personal Consumer Issues
Topic: Tell me about Chile/Argentina
Replies: 27
Views: 3510

Re: Tell me about Chile/Argentina

In Chile, I would recommend renting a 4-wheel drive and driving the Carretera Austral (completely virgin landscapes, glaciers, active volcanoes, cruises through fjords, waterfalls, wild hot springs, the marble cathedral, etc), ending at General Carrera Lake, then coming back through Argentina (Welsh...
by FireProof
Thu Dec 12, 2019 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Debited twice for single ATM withdrawal
Replies: 3
Views: 578

Debited twice for single ATM withdrawal

While traveling in Mexico, I made a withdrawal from the ATM of a major Mexican bank (using my Charles Schwab card). The next day, I happened to be looking at my transaction history, and I noticed that it showed three separate ATM withdrawals for the same amount! One of them had been reversed, but st...
by FireProof
Fri Dec 06, 2019 2:03 am
Forum: Investing - Theory, News & General
Topic: The 10 biggest new ETFs of 2019
Replies: 14
Views: 1623

Re: The 10 biggest new ETFs of 2019

Well, these are "new ETFs." All the major providers already have the core ETFs, so what other result would even be possible?
by FireProof
Thu Nov 21, 2019 2:20 pm
Forum: Personal Consumer Issues
Topic: Year in Europe (location advice)
Replies: 34
Views: 2612

Re: Year in Europe (location advice)

If Spain, consider Seville; it's farther South so a better winter climate than Barc. It's a beautiful, clean city with amazing history--and less populated. We met an American lady there who winters in Faro, Portugal, saying it has a significant USA population and of course right on the ocean. Sevil...
by FireProof
Tue Oct 15, 2019 3:08 pm
Forum: Personal Consumer Issues
Topic: When is private (elementary) school worth it?
Replies: 100
Views: 9178

Re: When is private (elementary) school worth it?

In first grade, kids will tend to have very different levels of maturity, prior knowledge etc, but that will converge a bit as they age. I always did everything at an earlier age (including graduating from a top 20 university at age 19), but in the end, we ended up in the same place. If it's really ...
by FireProof
Tue Oct 15, 2019 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Need help !!! US or Canadian universities?
Replies: 56
Views: 4050

Re: Need help !!! US or Canadian universities?

A lot of ink being spilled, but there is one simple false premise of your post that renders it moot: At your income level, Cornell will not be expensive.

Basically, to choose between your options, you will have to know what they actually are, and what they actually cost.
by FireProof
Mon Oct 14, 2019 8:18 pm
Forum: Personal Consumer Issues
Topic: Do you carry your passport with you during international travel?
Replies: 110
Views: 10990

Re: Do you carry your passport with you during international travel?

Some countries (Spain for one) require everyone to carry a national ID, and a U.S. state driver's license doesn't count. So probably good practice to always have your passport with you unless you know for sure it is not required. So what about tourists visiting Spain? What is the penalty? I was jog...
by FireProof
Sun Sep 29, 2019 11:19 am
Forum: Personal Consumer Issues
Topic: Going to a wedding party
Replies: 48
Views: 4690

Re: Going to a wedding party

If this is the first American wedding for the OP the most important thing that hasn't changed much over the years is the value of the wedding gift should equal (or exceed) the cost of the reception. The reception could be anything from a small, modest affair to be held in the church hall with no al...
by FireProof
Sat Sep 28, 2019 5:33 am
Forum: Personal Finance (Not Investing)
Topic: financially clueless senior MIL who thinks she’s rich
Replies: 162
Views: 21549

Re: financially clueless senior MIL who thinks she’s rich

So $390,000, $4,000/month expenses ($1,800 after the pension) FIRECalc looked at the 134 possible 15 year periods in the available data, starting with a portfolio of $390,000 and spending your specified amounts each year thereafter. Here is how your portfolio would have fared in each of the 134 cycl...
by FireProof
Fri Sep 27, 2019 9:39 am
Forum: Personal Consumer Issues
Topic: Beyond Meat Burger? Do you like?
Replies: 119
Views: 10465

Re: Beyond Meat Burger? Do you like?

My SO makes incredible turkey burgers. May be worth exploring, but I wouldn’t recommend eating it rawer. My SO uses ground turkey (or sometimes pork) for most meals you'd generally use ground beef for (spaghetti, meatloaf, tacos, etc.) and it's a good substitute. Not as much for burgers, but maybe ...
by FireProof
Thu Sep 26, 2019 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Half of Retirees Afraid to Use Savings
Replies: 111
Views: 13644

Re: Half of Retirees Afraid to Use Savings

So the basic narrative (of financial journalism in general, not oly this article) is 1. Americans save FAR TOO LITTLE for retirement 2. Once they retire, they spend EVEN LESS than their miserly savings allow So, at first glance, either Americans are reduced to paupers in retirement, or the necessary...
by FireProof
Thu Sep 26, 2019 4:08 am
Forum: Personal Finance (Not Investing)
Topic: College Student Internships
Replies: 45
Views: 2545

Re: College Student Internships

My sister (CS) had internships after her 2nd year (small tech company for something like $25/hr) and 3rd year (big tech company for $8000/month). This was only about 5 years ago. The internship before your final year is the most important, since that usually lead to a full-time job offer, and that m...
by FireProof
Wed Sep 25, 2019 4:13 pm
Forum: Investing - Theory, News & General
Topic: What is the highest "safe" withdrawal rate for a 15 year period?
Replies: 44
Views: 3885

Re: What is the highest "safe" withdrawal rate for a 15 year period?

If you take Bogleheads advice you will never retire, work until death because there is always a risk. If you have accurately calculated your expenses then you should be fine and you can always go back to work, at least part time. But if your budget doesnt have any fun then life is going to be reall...
by FireProof
Sun Sep 22, 2019 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Paying taxes for selling gold coins
Replies: 54
Views: 3392

Re: Paying taxes for selling gold coins

You can't get rid of capital gains just by gifting something, or no one would ever pay capital gains tax. The only tricky thing here may be figuring out + documenting the cost basis, given the nature and provenance of the asset.

And the gift tax "limit" is in the millions, not 12k.
by FireProof
Fri Sep 20, 2019 11:37 am
Forum: Personal Consumer Issues
Topic: How hard is it to get into college?
Replies: 167
Views: 11855

Re: How hard is it to get into college?

I am not worried about test scores. She took the PSAT and did well enough for aid if she was a junior (but it doesn't count because she did that as a freshman). I think her grades are great (even if she doesn't or others say anything less than all A's is substandard). Like I said, she pretty much h...
by FireProof
Fri Sep 20, 2019 10:16 am
Forum: Personal Consumer Issues
Topic: How hard is it to get into college?
Replies: 167
Views: 11855

Re: How hard is it to get into college?

I am not worried about test scores. She took the PSAT and did well enough for aid if she was a junior (but it doesn't count because she did that as a freshman). I think her grades are great (even if she doesn't or others say anything less than all A's is substandard). Like I said, she pretty much h...
by FireProof
Fri Sep 20, 2019 9:56 am
Forum: Personal Consumer Issues
Topic: Blue Apron for a sick friend?
Replies: 41
Views: 2686

Re: Blue Apron for a sick friend?

Wonderful! Checking out freshly right now! Ihere are countless other options that will deliver completely prepared meals. If you don't mind, a few names will be appreciated. Thanks for you time and input! I mean, restaurants? Creating completely prepared meals is kinda what they're for. Most delive...
by FireProof
Fri Sep 20, 2019 9:46 am
Forum: Personal Consumer Issues
Topic: How to handle "split-the-bill" group lunches?
Replies: 159
Views: 8871

Re: How to handle "split-the-bill" group lunches?

mak1277 wrote:
Thu Sep 19, 2019 1:14 pm
Just play the credit card game...everyone gives a card to the server, the server picks one, and that person pays the whole bill.
Problem remains - expected value is still split equally even though some spent far less.