Search found 525 matches

by meowcat
Mon Nov 02, 2020 4:37 pm
Forum: Investing - Theory, News & General
Topic: If I were a celebrity, should I get SPIA accounts?
Replies: 21
Views: 2242

Re: If I were a celebrity, should I get SPIA accounts?

Regardless of age, 75% or more of lottery winners would have been smart setting aside a portion of their winnings in a SPIA. :D
by meowcat
Mon Sep 28, 2020 2:46 pm
Forum: Investing - Theory, News & General
Topic: "A look back at the life of Vanguard's founder"
Replies: 19
Views: 2208

Re: "A look back at the life of Vanguard's founder"

Thank you, Taylor. I always thought of Jack as a foundation of ethics in an industry where there were none. Truly, a hero to us all.
by meowcat
Fri Sep 18, 2020 2:10 pm
Forum: Investing - Theory, News & General
Topic: Questions to ask a prospective financial advisor
Replies: 112
Views: 5075

Re: Questions to ask a prospective financial advisor

In my opinion, we need something like this at the top of every page of your account statement. BE AWARE: THE TOTAL FEES AND EXPENSES IN YOUR PORTFOLIO ARE 2.25%. OVER TIME, THESE EXPENSES WILL SEVERELY CRIPPLE YOUR LIFE SAVINGS. This should be in bold red lettering. Imagine how crippling it must be...
by meowcat
Thu Sep 17, 2020 2:45 pm
Forum: Investing - Theory, News & General
Topic: Questions to ask a prospective financial advisor
Replies: 112
Views: 5075

Re: Questions to ask a prospective financial advisor

In my opinion, we need something like this at the top of every page of your account statement. BE AWARE: THE TOTAL FEES AND EXPENSES IN YOUR PORTFOLIO ARE 2.25%. OVER TIME, THESE EXPENSES WILL SEVERELY CRIPPLE YOUR LIFE SAVINGS. This should be in bold red lettering. Imagine how crippling it must be...
by meowcat
Tue Sep 15, 2020 3:16 pm
Forum: Investing - Theory, News & General
Topic: Questions to ask a prospective financial advisor
Replies: 112
Views: 5075

Re: Questions to ask a prospective financial advisor

To the non-Boglehead, fees that are visible in any documentation appear small, reasonable. There are no advisors/brokers that will divulge to a client just how damaging 1% can be to a portfolio. The advisor will convince his clients that 1% is reasonable, and in fact, lower than his competition. I'v...
by meowcat
Tue Sep 08, 2020 9:19 am
Forum: Investing - Theory, News & General
Topic: How do Bogleheads cope with FOMO? [Fear Of Missing Out]
Replies: 251
Views: 13720

Re: How do Bogleheads cope with FOMO? [Fear Of Missing Out]

FOMO is not the fear of missing out on some high flying stock. We all know the risk. The fear comes when we have a very close friend or family member getting rich from a high flying stock. The fear, in that case, is very, very real.
by meowcat
Tue Sep 01, 2020 9:31 am
Forum: Investing - Theory, News & General
Topic: What is your age and asset allocation ?
Replies: 296
Views: 20806

Re: What is your age and asset allocation ?

57 years old. DW, 55
Me: 100/0
DW: 100/0
by meowcat
Fri Aug 28, 2020 9:29 am
Forum: Investing - Theory, News & General
Topic: A Beater Truck and a FAT 401k...
Replies: 104
Views: 10478

Re: A Beater Truck and a FAT 401k...

I’m a true Boglehead, with a paid for home and maxed retirement accounts always, but here’s an unpopular opinion. Buying nice new cars, carefully, IS NOT as harmful to your financial health as many would have you believe. If you are a good negotiator and you’re patient, you can own new cars for not...
by meowcat
Thu Aug 27, 2020 12:47 pm
Forum: Investing - Theory, News & General
Topic: A Beater Truck and a FAT 401k...
Replies: 104
Views: 10478

Re: A Beater Truck and a FAT 401k...

I’m a true Boglehead, with a paid for home and maxed retirement accounts always, but here’s an unpopular opinion. Buying nice new cars, carefully, IS NOT as harmful to your financial health as many would have you believe. If you are a good negotiator and you’re patient, you can own new cars for not...
by meowcat
Thu Aug 27, 2020 12:16 pm
Forum: Investing - Theory, News & General
Topic: Bear Cub Smells Bubble
Replies: 406
Views: 30175

Re: Bear Cub Smells Bubble

1. Tech stocks are priced to perfection. TSLA, AAPL come to mind. 2. 100% stock portfolios are all the rage. Bonds are bad. Cash is trash. Gold is gross. 3. The mainstream is pushing TINA (There Is No Alternative to stocks) as well. 4. Almost everyone is either euphoric about stocks or has succumbe...
by meowcat
Tue Aug 25, 2020 4:08 pm
Forum: Personal Investments
Topic: Wealth Management groups -- why used if don't make financial sense
Replies: 24
Views: 1573

Re: Wealth Management groups -- why used if don't make financial sense

1) Some people have no interest 2) Some people have no ability (would panic sell on every drop etc) 3) Some people don't want the psychological yoke of being "responsible" for investing decisions (second guessing self, fretting about poor performance, explaining net worth declines to spou...
by meowcat
Mon Aug 24, 2020 1:38 pm
Forum: Investing - Theory, News & General
Topic: A Plea for Ordinary English
Replies: 128
Views: 10238

Re: A Plea for Ordinary English

I agree. Over the years, I've had to "Google" several terms from this site, including:

Fat tails
Trying to catch a falling knife
Dead cat bounce
Arbitrage
Smart beta
Trinity study
Efficient Market Hypothesis
Customers' yachts

And don't get me started on the abbreviations! :oops:
by meowcat
Mon Aug 24, 2020 7:58 am
Forum: Investing - Theory, News & General
Topic: Think no one can beat the index?
Replies: 158
Views: 15492

Re: Think no one can beat the index?

@meowcat Thanks for the reply. Can you please provide more substance to the reply? Certainly. In a nutshell, the software was unable to pinpoint any of the best performing stocks for 2020. The software is unable to point out any company that shot up, say, 1,000%. Why is that? For example: DXCM up 9...
by meowcat
Fri Aug 21, 2020 12:36 pm
Forum: Investing - Theory, News & General
Topic: Think no one can beat the index?
Replies: 158
Views: 15492

Re: Think no one can beat the index?

Why is no one talking about fundamental company analysis, and macroeconomic analysis, as it relates to choosing investments in an active management scenario? What is the fundamental value of intangibles? I had a co-worker show me one of his "stock picking" trading web-sites, once. The sof...
by meowcat
Wed Aug 19, 2020 1:50 pm
Forum: Investing - Theory, News & General
Topic: When should one share financials with their children?
Replies: 205
Views: 13372

Re: When should one share financials with their children?

Parents with substantial means have a real fear about their kids. This fear is real. The fear is that if your kids find out how much your worth, their own financial lives can become, how should I say, less than productive. Are you suggesting that this is true in all cases? Most cases? Some cases? I...
by meowcat
Wed Aug 19, 2020 9:52 am
Forum: Investing - Theory, News & General
Topic: When should one share financials with their children?
Replies: 205
Views: 13372

Re: When should one share financials with their children?

Parents with substantial means have a real fear about their kids. This fear is real. The fear is that if your kids find out how much your worth, their own financial lives can become, how should I say, less than productive. Parents don't want to raise degenerates, that's why they keep their finances ...
by meowcat
Wed Aug 19, 2020 9:43 am
Forum: Investing - Theory, News & General
Topic: Think no one can beat the index?
Replies: 158
Views: 15492

Re: Think no one can beat the index?

There is no 'one way' to beat the market consistently over time. There are many, many different paths available to profit. I've used a variety of strategies to great success thus far. It is also much easier to outpefrom as a retail investor, than a fund manager with billions AUM. Anyway, I've put m...
by meowcat
Wed Aug 19, 2020 9:15 am
Forum: Investing - Theory, News & General
Topic: Can Academics Beat the Stock Market?
Replies: 109
Views: 7556

Re: Can Academics Beat the Market?

000 wrote: Tue Aug 18, 2020 9:13 pm If the academics underperform, who is outperforming? :confused
The investors that are outperforming are simply the lucky ones. Luck never lasts.
by meowcat
Tue Aug 18, 2020 2:37 pm
Forum: Personal Investments
Topic: How much did you save?
Replies: 102
Views: 14015

Re: How much did you save?

We haven't reached that number but I think it helps tremendously to hear others' savings strategy. I'm 57 years old, my Wife, 55. I've been saving in a 401(k) since I was 23, although, I never really saved enough. I started at 3%. I think the highest I went when I was younger was 6%, but I never sto...
by meowcat
Thu Aug 13, 2020 9:15 am
Forum: Investing - Theory, News & General
Topic: Vanguard Updates 10y expected Returns
Replies: 45
Views: 6514

Re: Vanguard Updates 10y expected Returns

Expected returns mean absolutely nothing to me. They are never, ever, even close, and when they are, it was just coincidence. It's just plain old noise.
by meowcat
Fri Aug 07, 2020 9:21 am
Forum: Personal Investments
Topic: Net Worth where it should be?
Replies: 57
Views: 11444

Re: Net Worth where it should be?

You are doing just fine, much better than most. However, with your comment about retiring at 50, and traveling a lot, you are going to need considerably more than you can imagine. Take that number that you have in mind at 50, now double it, maybe even triple it, that's where you'll need to be.
by meowcat
Thu Aug 06, 2020 9:56 am
Forum: Investing - Theory, News & General
Topic: Is the average investor really the average dollar invested?
Replies: 17
Views: 1169

Re: Is the average investor really the average dollar invested?

When it comes to investing in index funds, and the Boglehead philosophy in general, I've always hated the word "average". Active investors repeat over and over, "why would you invest in an index fund, do you want to be just "average"? Okay, so your telling me that, if I save...
by meowcat
Mon Jul 27, 2020 1:01 pm
Forum: Personal Investments
Topic: Are Higher Stock Allocations the Only Option for Retirees?
Replies: 94
Views: 7071

Re: Are Higher Stock Allocations the Only Option for Retirees?

It's difficult for me to understand the fear in bonds. For example: Vanguards' Long-Term Treasury (VUSTX) fund is up YTD, 25.63%. 5 years, it's up 9.16%. And, since its inception in 1986 (that's 34 years) it's up 8.05%. Maybe it's me who's missing something. I mean, why wouldn't you want this fund i...
by meowcat
Sat Jul 18, 2020 9:30 am
Forum: Investing - Theory, News & General
Topic: Retirees, share your epiphanies..
Replies: 126
Views: 15395

Re: Retirees, share your epiphanies..

Does anyone here regrett not having kids, or not havijg enoguh kids ? My wife and I got married fairly late in life so kids were kind of off the table. We both knew that, and shared in that. I don't mind not having kids but I get this feeling as I age that later, when I'm lying on my death bed, I'l...
by meowcat
Thu Jul 09, 2020 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Share your budget
Replies: 152
Views: 10202

Re: Share your budget

OP, how are you able to max out two 401(k)'s AND 2 IRA's at your income level? I thought that was a big giant IRS no-no.
by meowcat
Tue May 26, 2020 4:20 pm
Forum: Personal Investments
Topic: I want to break free .... from Raymond James
Replies: 14
Views: 957

Re: I want to break free .... from Raymond James

Raymond James? You're probably paying fees and expenses beyond your wildest imagination in your "no fee" account. Investigate further, you'll see the expenses add up. It's confusing because that's the way RJ designed it. They certainly don't want you finding out how much you actually pay. ...
by meowcat
Tue May 26, 2020 2:04 pm
Forum: Investing - Theory, News & General
Topic: Delayed Retirement Credits
Replies: 12
Views: 1114

Re: Delayed Retirement Credits

After further research, I now have a better understanding of DRC's for spousal benefits. As Ron said, the article is a bit (very) misleading.
by meowcat
Mon May 25, 2020 10:56 am
Forum: US Chapters
Topic: MEMORIAL DAY
Replies: 36
Views: 4015

Re: MEMORIAL DAY

Thank you, Taylor. Our nation's flag still flies high and proud because of service members like you.
by meowcat
Mon May 25, 2020 10:44 am
Forum: Investing - Theory, News & General
Topic: Delayed Retirement Credits
Replies: 12
Views: 1114

Re: Delayed Retirement Credits

delete
by meowcat
Mon May 25, 2020 10:39 am
Forum: Investing - Theory, News & General
Topic: Delayed Retirement Credits
Replies: 12
Views: 1114

Re: Delayed Retirement Credits

Hi, Ron, thanks for the details, but I'm still a bit confused. It appears that you are saying that your Wife received no 8% increase from 67, 68, 69 and 70, but then in another sentence you said she did. I'm just trying to figure out if the article was correct because I've never heard that before. ...
by meowcat
Sat May 23, 2020 12:32 pm
Forum: Investing - Theory, News & General
Topic: Delayed Retirement Credits
Replies: 12
Views: 1114

Re: Delayed Retirement Credits

Hi, Ron, thanks for the details, but I'm still a bit confused. It appears that you are saying that your Wife received no 8% increase from 67, 68, 69 and 70, but then in another sentence you said she did. I'm just trying to figure out if the article was correct because I've never heard that before. T...
by meowcat
Sat May 23, 2020 7:59 am
Forum: Investing - Theory, News & General
Topic: Delayed Retirement Credits
Replies: 12
Views: 1114

Re: Delayed Retirement Credits

I did not know that, thank you.
by meowcat
Sat May 23, 2020 7:45 am
Forum: Investing - Theory, News & General
Topic: Delayed Retirement Credits
Replies: 12
Views: 1114

Delayed Retirement Credits

I just read an article on MSN and I'm not sure I understand this correctly. They say that if wanted to wait past full retirement age, I can get delayed retirement credits, approximately 8% per year. However, If in that time past full retirement age, I'm drawing spousal benefits based on my Wife's wo...
by meowcat
Mon May 18, 2020 11:54 am
Forum: Personal Investments
Topic: Stock Screen
Replies: 21
Views: 1070

Re: Stock Screen

Oh great, in that case you probably know better than I do about the COVID outlook. When you say you "have no special knowledge" with regard to pandemic-related market trends, are you saying that you put zero value towards the comment sensibility of guessing that companies like zoom, or am...
by meowcat
Mon May 18, 2020 11:54 am
Forum: Personal Investments
Topic: Stock Screen
Replies: 21
Views: 1070

Re: Stock Screen

delete
by meowcat
Mon May 04, 2020 12:29 pm
Forum: Investing - Theory, News & General
Topic: ??? Thomas Stanley - Stop Acting Rich book
Replies: 121
Views: 13628

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

The message of the book is clear. You can't judge a book by it's cover. Not all that glitters is gold. Millionaires are not who you think they are. There is a huge misunderstanding of wealth in America today. There is a mistaken belief that somehow, wealth is related to income. Of course wealth is ...
by meowcat
Mon May 04, 2020 12:22 pm
Forum: Investing - Theory, News & General
Topic: Who is your all time favorite investor and why?
Replies: 52
Views: 2945

Re: Who is your all time favorite investor and why?

Jack Bogle. He was a pillar of ethics in an industry where there were none. He was not revered on Wall Street, yet look at the insurmountable mountain he had to climb to get his message out, and boy, did his message get out. Nobody was more humble than Jack. He has probably created more wealth, for ...
by meowcat
Mon May 04, 2020 11:51 am
Forum: Investing - Theory, News & General
Topic: ??? Thomas Stanley - Stop Acting Rich book
Replies: 121
Views: 13628

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

The message of the book is clear.
You can't judge a book by it's cover.
Not all that glitters is gold.
Millionaires are not who you think they are.
There is a huge misunderstanding of wealth in America today.
There is a mistaken belief that somehow, wealth is related to income.
by meowcat
Mon May 04, 2020 11:43 am
Forum: Investing - Theory, News & General
Topic: ??? Thomas Stanley - Stop Acting Rich book
Replies: 121
Views: 13628

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

delamer wrote: Sat May 02, 2020 11:54 am
The people who go broke on $6 million/year make headlines because it is so unusual.
Not in the NBA, NFL or MLB, more like common.
by meowcat
Wed Apr 29, 2020 6:25 am
Forum: Investing - Theory, News & General
Topic: What is the worst investing emotion and how does one avoid it?
Replies: 27
Views: 1574

Re: What is the worst investing emotion and how does one avoid it?

Yea, I would say FOMO. Just imagine what it would feel like to stand idly by as a good friend gets rich off risky investments.
by meowcat
Wed Apr 29, 2020 5:52 am
Forum: Personal Investments
Topic: Why shouldn’t I do this?
Replies: 43
Views: 2517

Re: Why shouldn’t I do this?

If I were 100% certain about future, I would leverage everything I own, including 100% of my retirement, borrow as much cash as I could, and go all in. However, I if I were only 99.999% certain, I wouldn't do any of that.
by meowcat
Tue Apr 28, 2020 9:36 am
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 20532

Re: Why am I even saving for retirement?

For those who are questioning the calculator, here is my raw data. If I am doing it wrong please let me know. My age is 34. Let me know what I'll be receiving at age 70 if I (a) stopped working now, (b) stopped working in 10 years, (c) stopped working in 25 years. My wife has very similar numbers, ...
by meowcat
Tue Apr 28, 2020 9:26 am
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 20532

Re: Why am I even saving for retirement?

For those who are questioning the calculator, here is my raw data. If I am doing it wrong please let me know. My age is 34. Let me know what I'll be receiving at age 70 if I (a) stopped working now, (b) stopped working in 10 years, (c) stopped working in 25 years. My wife has very similar numbers, ...
by meowcat
Tue Apr 28, 2020 6:04 am
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 20532

Re: Why am I even saving for retirement?

Perhaps I'm just ignorant. Can someone please explain how one could have over 25 years of zeros and still receive $47k/yr from SS? The $47K is for 2 high wage earners. I could see someone retiring today who had 15 years of high wages (over about $125K/yr) with 20 years of zero collecting $23.5K at ...
by meowcat
Tue Apr 28, 2020 5:53 am
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 20532

Re: Why am I even saving for retirement?

For those who are questioning the calculator, here is my raw data. If I am doing it wrong please let me know. My age is 34. Let me know what I'll be receiving at age 70 if I (a) stopped working now, (b) stopped working in 10 years, (c) stopped working in 25 years. My wife has very similar numbers, ...
by meowcat
Mon Apr 27, 2020 12:07 pm
Forum: Personal Investments
Topic: How are the "100% Stocks" people doing?
Replies: 139
Views: 13171

Re: How are the "100% Stocks" people doing?

So there is always alot of discussion here about AA and being able to weather the storm. How have the people who were 100% stocks doing? Anybody doubling down? Anybody jumping ship? Sleeping well at night, thank you. Never even thought about jumping ship. 56YO. I’m similar age and sleeping well, to...
by meowcat
Mon Apr 27, 2020 11:58 am
Forum: Personal Investments
Topic: How are the "100% Stocks" people doing?
Replies: 139
Views: 13171

Re: How are the "100% Stocks" people doing?

I don't have an "emergency fund", I just have my portfolio. If I have an emergency (or if I want to buy a car or something) that's what the cash in my portfolio is for. Similarly, if you invest in a fund that holds cash, that fund shows the percentage allocated in cash. Apparently, your d...
by meowcat
Mon Apr 27, 2020 10:46 am
Forum: Personal Investments
Topic: How are the "100% Stocks" people doing?
Replies: 139
Views: 13171

Re: How are the "100% Stocks" people doing?

I don't have an "emergency fund", I just have my portfolio. If I have an emergency (or if I want to buy a car or something) that's what the cash in my portfolio is for. Similarly, if you invest in a fund that holds cash, that fund shows the percentage allocated in cash. Apparently, your d...
by meowcat
Mon Apr 27, 2020 9:47 am
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 20532

Re: Why am I even saving for retirement?

If we quit working today, we'll receive $45k in SS at age 70 If we work 10 more years (and retire at age 45), we'll receive $75k in SS at age 70 If we work 25 more years (and retire at age 60), we'll receive $94k in SS at age 70 You've only been working about 15 years so far. Since SS is based on y...