Search found 504 matches

by ge1
Fri Feb 14, 2020 5:20 pm
Forum: Non-US Investing
Topic: How to Move to Switzerland and Still be a Boglehead
Replies: 17
Views: 2158

Re: How to Move to Switzerland and Still be a Boglehead

One additional point: If you end up contributing to your companies‘ Swiss pension system (2. pillar), it‘s actually not a big deal to have it paid out when you leave the country. It will simply be taxed and you can then invest as after-tax money.
by ge1
Fri Feb 14, 2020 5:17 pm
Forum: Non-US Investing
Topic: How to Move to Switzerland and Still be a Boglehead
Replies: 17
Views: 2158

Re: How to Move to Switzerland and Still be a Boglehead

We spent a year in Switzerland on a work assignment some time back. Following feedback: - At the time we kept our house in the US, which we rented to a friend, so I kept all my US accounts and didn’t even change the address. I don’t even know if Vanguard would have an issue if you changed your addre...
by ge1
Thu Feb 13, 2020 11:23 am
Forum: Personal Finance (Not Investing)
Topic: $2-2.5M House?
Replies: 77
Views: 7078

Re: $2-2.5M House?

Hi BHs, I need some perspective from the collective group on my current situation. The short of it is this: My wife and I (both in mid-30s) have a collective W2 income of $750,000. This income has grown over the last five years, but we've earned more than $500,000 together since 2015. We both inten...
by ge1
Wed Feb 12, 2020 5:10 pm
Forum: Personal Investments
Topic: How to Stop Watching the Market (I know it's just that simple. But is it?)
Replies: 33
Views: 1857

Re: How to Stop Watching the Market (I know it's just that simple. But is it?)

You can look just don't act on it. ^^^This^^^ I read the highlights of the market, and check my accounts every day. I update a spreadsheet to track monthly balances. I'm OCD like that, and I neither can nor want to fight it because it's who I am. I just don't lose my discipline and make rash decisi...
by ge1
Wed Feb 12, 2020 10:00 am
Forum: Investing - Theory, News & General
Topic: At what point is this a bubble?
Replies: 157
Views: 13257

Re: At what point is this a bubble?

I agree that certain part of the markets most definitely seem to be in a bubble (Tesla with a market cap of almost 150bn for example), primarily US Tech. Other part of the markets seem fine (international, energy for example). The difficult part is what to do with it. In my portfolio I overweigh US ...
by ge1
Mon Feb 10, 2020 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 968
Views: 130368

Re: How much money do you want to retire?

Mid 40s, 2 kids in school. We have 4m now excluding house, should be close to 5m later in the year due to a large payout.

I actually enjoy working, so retirement isn’t really something I consider, but would want at least 7m to retire at this age. Obviously we could retire with less.
by ge1
Thu Jan 30, 2020 9:51 am
Forum: Investing - Theory, News & General
Topic: James Montier (Emerging Markets vs US)
Replies: 35
Views: 1767

Re: James Montier (Emerging Markets vs US)

Short answer: No. I followed GMO closely for many years. As others said, their newsletters are well written and very informative. Their multi year asset class forecast however have been spectacularly wrong for many years, especially when it comes to Emerging Markets. Over many, many years following...
by ge1
Wed Jan 29, 2020 5:00 pm
Forum: Investing - Theory, News & General
Topic: James Montier (Emerging Markets vs US)
Replies: 35
Views: 1767

Re: James Montier (Emerging Markets vs US)

Short answer: No. I followed GMO closely for many years. As others said, their newsletters are well written and very informative. Their multi year asset class forecast however have been spectacularly wrong for many years, especially when it comes to Emerging Markets. Over many, many years following ...
by ge1
Thu Jan 23, 2020 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: $2 million at a young age
Replies: 78
Views: 8574

Re: $2 million at a young age

I have to admit I didn't read all the responses, but I read your update and I'm very impressed how you are handling the situation. Very mature - certainly much more so than I would have been at your age :D There is nothing wrong with fee only advisors, but I wouldn't do it. In your shoes (and I'm su...
by ge1
Fri Jan 17, 2020 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: How to reduce spending -- suggestions?
Replies: 73
Views: 6463

Re: How to reduce spending -- suggestions?

Looking at my credit card summary for 2019, I was surprised and a bit disturbed by how much my wife and I spent last year. We do not live extravagantly, but our expenses really pile up fast. We are in semi-retirement now, and clearly need to do some belt-tightening. We have never felt the need to a...
by ge1
Thu Jan 16, 2020 3:53 pm
Forum: Investing - Theory, News & General
Topic: S&P 2/3 'correction' - Hussman makes his case.
Replies: 55
Views: 5078

Re: S&P 2/3 'correction' - Hussman makes his case.

Hussman is a great example how extremely smart people can be absolutely horrendous money managers. I admire his stamina, for years he literally put out a weekly well written newsletter (I think he is doing it only monthly now). At the peak his fund had 8bn, he managed to bring that down to 249m... P...
by ge1
Tue Jan 14, 2020 4:33 pm
Forum: Investing - Theory, News & General
Topic: [Deleted]
Replies: 70
Views: 7681

Re: What is cheap now to buy? - Ideas for the risk averse BH

In modern portfolio theory, risk aversion is measured as the additional expected reward an investor requires to accept additional risk. Some folks don't feel comfortable buying what is working right now (growth, megacap, tech), here are some alternatives. We can evaluate going forward how an equal ...
by ge1
Fri Dec 20, 2019 11:21 am
Forum: Investing - Theory, News & General
Topic: You’re never going to make enough money if you have 40% of your money in bonds
Replies: 186
Views: 16973

Re: You’re never going to make enough money if you have 40% of your money in bonds

This. ... Missing out on the gains of the bull markets is very damaging to a portfolio, and to me, the most important thing to avoid. It's the exact opposite for me. I don't care about missing out on gains of the bull markets. My single biggest risk and the one thing I need to avoid is having too hi...
by ge1
Fri Dec 20, 2019 9:31 am
Forum: Investing - Theory, News & General
Topic: You’re never going to make enough money if you have 40% of your money in bonds
Replies: 186
Views: 16973

Re: You’re never going to make enough money if you have 40% of your money in bonds

Just to add: I wonder if there is a cultural element as well here. In the US we always like "bigger" and "more", whereas people in other countries seem to grasp the concept of "enough" much better. Maybe that's a reason people in Germany for example tend to hold a lot of cash and invest generally mu...
by ge1
Fri Dec 20, 2019 9:25 am
Forum: Investing - Theory, News & General
Topic: You’re never going to make enough money if you have 40% of your money in bonds
Replies: 186
Views: 16973

Re: You’re never going to make enough money if you have 40% of your money in bonds

The key is in Becky's quote: "You are never going to make enough money..." If your goal is to make as much money as possible, I agree that bonds at current prices and interest levels are likely a bad investment and you should be more or less all in stocks. If your goal is however to minimize risk wh...
by ge1
Fri Dec 20, 2019 9:13 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 3741
Views: 344460

Re: U.S. stocks continue to soar!

Hussman had 8bn at the peak, so 250m is a huge drop. I would imagine mostly his own and family money.
by ge1
Thu Nov 28, 2019 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1415
Views: 370990

Re: Share your net worth progression

Started tracking in 2004: 2004: 508k 2005: 675k 2006: 929k 2007: 1.210m 2008: 1.485m 2009: 1.768m 2010: 2.084m 2011: 2.474m 2012: 2.626m 2013: 2.716m 2014: 2.942m 2015: 2.971m 2016: 3.275m 2017: 3.763m 2018: 3.958m 2019: 4.540m No shave during 2008, 2018 or the lost decade? Nope. I have a conservat...
by ge1
Wed Nov 27, 2019 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1415
Views: 370990

Re: Share your net worth progression

Started tracking in 2004:

2004: 508k
2005: 675k
2006: 929k
2007: 1.210m
2008: 1.485m
2009: 1.768m
2010: 2.084m
2011: 2.474m
2012: 2.626m
2013: 2.716m
2014: 2.942m
2015: 2.971m
2016: 3.275m
2017: 3.763m
2018: 3.958m
2019: 4.540m
by ge1
Sun Nov 24, 2019 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Year off - need advice!
Replies: 16
Views: 2948

Re: Year off - need advice!

Well, to be pragmatic, you may have difficulty becoming employed in a highly compensated role when you do decide to return to work. Maybe, maybe not, but it might be worth keeping in mind that at least some potential employers might look askance at a year-long gap for essentially recreational purpo...
by ge1
Fri Nov 22, 2019 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Year off - need advice!
Replies: 16
Views: 2948

Re: Year off - need advice!

I have various ideas already (travel, get into peak physical condition, refresh old hobbies), but I’m curious how others in similar circumstances have approached this? The important question is why haven't you been doing these things all along up to this point (travel, peak physical condition, hobb...
by ge1
Wed Nov 20, 2019 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Year off - need advice!
Replies: 16
Views: 2948

Re: Year off - need advice!

Good point, forgot to mention: 2 kids in school age, so travel is limited to school holidays.

If no kids we would be definitely doing multi months stays abroad, but that will have to wait a few years :D

Thanks
by ge1
Wed Nov 20, 2019 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Year off - need advice!
Replies: 16
Views: 2948

Year off - need advice!

I always had this dream to take some extended time off - and looks like it is finally happening. My company is being taken over and thanks to a very generous severance package I will take some time off next year. Details still tbd but my current gig will like come to an end between March 31 and June...
by ge1
Thu Oct 10, 2019 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone want to share their monthly budget? Here's ours
Replies: 153
Views: 33854

Re: Anyone want to share their monthly budget? Here's ours

Annual income 600k+ Monthly budget Food (groceries, dining): $3,200 Shopping: $2,000 Travel: $2,000 School kids: $1,500 Home maintenance / insurance $1,500 Cars: $1,200 Utilities including cell phone, internet: $1,200 Pets: $900 Health & Fitness: $800 Country Club: $800 Personal Care: $600 Entertain...
by ge1
Fri Sep 20, 2019 7:35 am
Forum: Personal Consumer Issues
Topic: Best places to live to raise a family (cost doesn't matter)
Replies: 95
Views: 9613

Re: Best places to live to raise a family (cost doesn't matter)

Based on your criteria: Charlottesville, VA Research Triangle area, NC Wilmington, NC Charleston, SC I have lived in various places including Zurich and New York City, but Research Triangle area is hard to beat. - Love the weather, short winter, long summers, but nowhere near as hot as SC or FL - N...
by ge1
Sat Aug 24, 2019 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Do you sacrifice to save?
Replies: 97
Views: 9081

Re: Do you sacrifice to save?

I realize this question is a little ridiculous because of course any money saved is not spent so you are always sacrificing something. What I am looking for is just a general idea of how many people around here feel that they are making sacrifices to fund their retirement. My wife and I have a part...
by ge1
Sun Aug 04, 2019 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Is our spending crazy?
Replies: 136
Views: 12293

Re: Is our spending crazy?

Dear Bogleheads, Is our spending crazy? I make $470k and we save about 30 percent gross. However, I I feel nauseous when I see our spending. We are spending an average of $14,500 a month. $5300 is the mortgage , $1000 a month on school, and the rest (about $100k/ yr) in living expenses. My wife spe...
by ge1
Sun Mar 24, 2019 4:34 am
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 906
Views: 121429

Re: That's enough for me in 2019

I moved from 100% stocks to 100% cash on October 17th at S&P ~2,809. I went back in late December at 2,469. This forum and my unease about market timing quashed my convictions, and so this time around I went 60/40 last week at 2811. I don't feel dumb, yet. I'm happy that I can continue to take 60% ...
by ge1
Fri Mar 22, 2019 8:30 pm
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 906
Views: 121429

Re: That's enough for me in 2019

I moved from 100% stocks to 100% cash on October 17th at S&P ~2,809. I went back in late December at 2,469. This forum and my unease about market timing quashed my convictions, and so this time around I went 60/40 last week at 2811. I don't feel dumb, yet. I'm happy that I can continue to take 60% ...
by ge1
Fri Mar 22, 2019 3:52 pm
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 906
Views: 121429

Re: That's enough for me in 2019

I moved from 100% stocks to 100% cash on October 17th at S&P ~2,809. I went back in late December at 2,469. This forum and my unease about market timing quashed my convictions, and so this time around I went 60/40 last week at 2811. I don't feel dumb, yet. I'm happy that I can continue to take 60% ...
by ge1
Wed Mar 20, 2019 8:09 pm
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 906
Views: 121429

Re: That's enough for me in 2019

This is my top-calling post. Feel free to bump as we make new highs. We are less than a quarter into 2019 and it has already been incredible year for equities and bonds. My portfolio is up 15% YTD and crossed a nice round number on Friday. Thanks to a decade of low interest rates, I've never had a ...
by ge1
Sat Feb 23, 2019 8:52 pm
Forum: Personal Consumer Issues
Topic: Relocate to Carolinas
Replies: 80
Views: 7699

Re: Relocate to Carolinas

Another vote for the Triangle (Raleigh / Durham / Chapel Hill / Cary / Apex). Pros - Easy airport - Nowhere near as congested as Atlanta or even Charlotte - More expensive then rest of NC but cheaper than Charlotte - As other mentioned, 2 hours to beach (Wrightsville) and 3 hours to mountains - Worl...
by ge1
Sun Feb 17, 2019 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Gift from Foreign Person
Replies: 0
Views: 215

Gift from Foreign Person

Just double checking how gifts from a foreign person works: My understanding is that for the recipients gifts from a foreign person are not included in taxable income and that only amounts over $100,000 need to be reported on form 3520 (100k applies to gifts from individuals, if received from corpor...
by ge1
Sat Feb 16, 2019 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: If your net worth is over $3 million, how did you do it?
Replies: 436
Views: 116738

Re: If your net worth is over $3 million, how did you do it?

In our mid 40s, we got there maybe 3 or 4 years ago. Both DW and I are high earners (DW stopped working recently). No inheritance. DW also got lucky with 2 real estate investments in her 20s with very little money down. Certainly not frugal, quite the opposite, but we watch how much we spend vs. how...
by ge1
Tue Feb 12, 2019 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: What was your cash bonus for 2018?
Replies: 16
Views: 1400

Re: What was your cash bonus for 2018?

70% of base salary. Controller for small - mid size company.
by ge1
Sun Feb 10, 2019 3:51 am
Forum: Personal Finance (Not Investing)
Topic: Have $3m at 33, "approach to career" advice needed
Replies: 153
Views: 35249

Re: Have $3m at 33, "approach to career" advice needed

Only found this thread now and it’s fascinating. I’m one of those who has a really hard time with “find your passion” and also have an equally hard time with all the comments how boring and miserable work is. As bad as it sounds, I simply like to work. Not as a workaholic, but I enjoy learning, mast...
by ge1
Sun Feb 10, 2019 3:21 am
Forum: Personal Consumer Issues
Topic: How many hours do you work and what do you outsource
Replies: 88
Views: 8187

Re: How many hours do you work and what do you outsource

I am in a senior leadership role. I currently work in the office from 7-5 or 6 and then work another hour or 2 at home. I am exhausted (I also have 2 kids and a husband and stuff around the house to do). I wonder how many hours you all work. Also wondering what you outsource. I have a babysitter fo...
by ge1
Tue Jan 29, 2019 10:07 pm
Forum: Personal Investments
Topic: Use bonus to pay down mortgage or invest?
Replies: 28
Views: 2636

Re: Use bonus to pay down mortgage or invest?

Hi, I am in my mid 30s and am about to receive a bonus of ~250k after taxes. I am trying to determine the best way to use this money. I currently have a mortgage of ~600k (@ 3.2%) and I have about 750k in savings. I am trying to decide whether or not to use the bonus to pre-pay my mortgage, or inve...
by ge1
Thu Jan 24, 2019 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Why doesn't a lot of money feel like a lot of money?
Replies: 205
Views: 22780

Re: Why doesn't a lot of money feel like a lot of money?

I‘m about to receive my annual bonus and it‘s very material, almost equal to my very good salary. There are 2 very different ways I think about it: - One perspective is as a employee and how does the bonus compare to my target, my performance feedback, last year‘s number etc. This has NOTHING to do ...
by ge1
Thu Jan 24, 2019 8:50 pm
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 412
Views: 48074

Re: What lifestyle creep made you happier?

House. We did extensive renovations, including converting old garage to media room / bed room / bath room and adding a new garage with gym on the second floor. Also added a nice screened porch. Literally every time I drive up to our house i love it. And our annual vacation on an expensive Dude Ranch...
by ge1
Tue Jan 22, 2019 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Help needed: wife seeking new job to escape megacorp hell
Replies: 58
Views: 6080

Re: Help needed: wife seeking new job to escape megacorp hell

I agree, it appears megacorps suck. So what's the alternative? Are things better at small or mid-sized companies? Seems like she would thrive in a place where she doesn't need to brownnose to advance. Ideally, I think she would be best suited where hard work is recognized and rewarded without her n...
by ge1
Mon Jan 21, 2019 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: EIN number Solo 401k plan
Replies: 23
Views: 1070

Re: EIN number Solo 401k plan

TheTimeLord wrote:
Mon Jan 21, 2019 7:20 pm

I am assume you mean the max possible contribution. Unless she made a lot of money make sure you run it through a 401K calculator to verify she deducted everything she should have before calculating what she could contribute.
Yes, max possible contribution and yes, she made a lot of money.
by ge1
Mon Jan 21, 2019 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: EIN number Solo 401k plan
Replies: 23
Views: 1070

Re: EIN number Solo 401k plan

Another question I have: I assume Fidelity will send her a confirmation what $ she contributed in 2018? The form I get each year from Fido has the January 1 and December 31 balances, the investment earnings, the fees deducted ($0), the distributions ($0), and the cash contributions made during the ...
by ge1
Mon Jan 21, 2019 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: EIN number Solo 401k plan
Replies: 23
Views: 1070

Re: EIN number Solo 401k plan

Yes thanks, I actually just did it online (last time for some reason it didn‘t work).

Another question I have: I assume Fidelity will send her a confirmation what $ she contributed in 2018?

Thanks
by ge1
Mon Jan 21, 2019 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: EIN number Solo 401k plan
Replies: 23
Views: 1070

EIN number Solo 401k plan

My wife started working as a Sole Proprietor in 2018 and she also opened a Solo 401k plan in 2018. I understand she needs an EIN number in order to open the Solo 401k plan, however the Fidelity rep advised us for the account opening form to write "applied for" in the EIN box. I just realized now tha...
by ge1
Tue Jan 15, 2019 4:47 pm
Forum: Personal Consumer Issues
Topic: Any good reason to get a smartwatch?
Replies: 93
Views: 4721

Re: Any good reason to get a smartwatch?

I have an Apple Watch with data plan and love it. For me it has several very tangible benefits: - Able to play music from watch and not phone when jogging or biking - this is huge (no need to take phone anymore) - Records workouts, again no need for phone or other device - Synced to my work calendar...
by ge1
Mon Jan 14, 2019 8:29 pm
Forum: Investing - Theory, News & General
Topic: GMO's 7‐Year Asset Class Real Return Forecasts
Replies: 29
Views: 2568

Re: GMO's 7‐Year Asset Class Real Return Forecasts

Exactly Nisi. I have been following them closely for more than 10 years and even though I enjoy reading their quarterly letter, the return forecast is - there is no other way of saying it - totally useless. My favorite was when they suddenly decreased the expected return for EM by several % points f...
by ge1
Sat Jan 12, 2019 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 205
Views: 35345

Re: Millionaire by 40 and How you Did it?

Both DW and I had well paying jobs plus sizeable gains from 3 different real estate investments in major cities. I think we crossed the 1m mark when we sold our NYC apartment in our mid 30s.
by ge1
Tue Jan 08, 2019 5:22 pm
Forum: Personal Investments
Topic: Negative 13.6% return in 401K for 2018
Replies: 55
Views: 6404

Re: Negative 13.6% return in 401K for 2018

I‘m too lazy to look up these symbols... but let me ask you, what is your target asset allocation? I.e. how much in US stocks, how much in International, how much in bonds etc.
by ge1
Tue Jan 08, 2019 5:19 pm
Forum: Personal Consumer Issues
Topic: United, American Airlines, Delta--about the same?
Replies: 144
Views: 8768

Re: United, American Airlines, Delta--about the same?

One issue I hate, is the checked bag fee, but all three have the same issue. That‘s the exact reason DW and I have credit cards with AA and Delta. No bag fees, priority boarding and significant number of miles when you get the card (at least with AA). Those $95 are totally worth it. (I cancelled my...
by ge1
Tue Jan 08, 2019 3:14 pm
Forum: Personal Investments
Topic: Negative 13.6% return in 401K for 2018
Replies: 55
Views: 6404

Re: Negative 13.6% return in 401K for 2018

Hello folks, I am new to Bogle heads. I am Male, 30, have around 40K in my Vanguard 401K with my employer. I do not have target retirement fund, but it is goes into a variety of mutual funds. The first 8 months of 2018 were good, but the last 4 months made me have a -13.6% return causing my assets ...