Search found 359 matches

by truenorth418
Fri Jun 22, 2018 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Ways to Protect Assets Without a Prenup
Replies: 67
Views: 5902

Re: Ways to Protect Assets Without a Prenup

As anyone who has been through a difficult divorce can tell you, modern marriage at its core is primarily a contract between 2 people and their various state, federal and local governments - a contract with significant personal finance and tax consequences. Some of the consequences could be good, or...
by truenorth418
Fri Jun 22, 2018 11:27 am
Forum: Personal Finance (Not Investing)
Topic: What do you include in your grocery budget?
Replies: 34
Views: 1265

Re: What do you include in your grocery budget?

Anything I buy at a grocery store or drug store is groceries to me with the exception of prescriptions drugs.
by truenorth418
Fri Jun 22, 2018 7:56 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Total International Fund
Replies: 16
Views: 1703

Re: Vanguard Total International Fund

Over these many years, I have heard that an investor should avoid Indexed International Equity Funds as the Total International Stock Fund at Vanguard. ... Tax consequences prevent my selling this loser. On the contrary.. if this fund is a big loser as you say it is, you have a golden opportunity t...
by truenorth418
Thu Jun 21, 2018 6:30 am
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 122
Views: 7744

Re: What is/ was your career and would you recommend it now?

Corporate marketing.

Don't do it unless you enjoy spending more than 80% of your time sitting in meetings, playing office politics, and working on internally focused projects that have no bearing on actually driving the business.
by truenorth418
Tue Jun 19, 2018 4:18 pm
Forum: Investing - Theory, News & General
Topic: International stocks in free fall
Replies: 122
Views: 14577

Re: International stocks in free fall

Not today, but end of this month yes.
by truenorth418
Tue Jun 19, 2018 7:06 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6639
Views: 1435080

Re: Anyone buying today?

I'll wait a couple of days so I don't "buy" the Q2 dividend.
by truenorth418
Thu Jun 14, 2018 2:36 pm
Forum: Investing - Theory, News & General
Topic: Is the Dow Jones Industrial Average a useful metric?
Replies: 28
Views: 1361

Re: Is the Dow Jones Industrial Average a useful metric?

SagaciousTraveler wrote:
Thu Jun 14, 2018 10:42 am
To me, no. Most people think the DOW is the Stock Market, so news outlets just go with it.

When I check in on the market, I pay more attention to the S&P.
Correction: Most news outlets just go with it, so most people think the DOW is the Stock Market.
by truenorth418
Mon Jun 11, 2018 4:34 pm
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 179
Views: 36933

Re: Bogleheads, tell me about your 40's?

Summary of my 40s:

I worked my butt off at a job I despised until I got laid off at age 47. At which point I decided to just go ahead and retire since I had saved enough money and I was sick of working.
by truenorth418
Mon Jun 11, 2018 4:19 pm
Forum: Personal Consumer Issues
Topic: Life in retirement - what did you do today?
Replies: 194
Views: 16502

Re: Life in retirement - what did you do today?

Woke up at about 8 am. Lingered in bed, got up at my leisure. Had a big breakfast, like every morning. Went to the gym. Today was "lifting day", so I spent a solid 3 hours there lifting weights and stretching. For lunch I enjoyed a home made protein shake and some turkey. Ran some errands, including...
by truenorth418
Mon Jun 11, 2018 7:27 am
Forum: Investing - Theory, News & General
Topic: Early retirement pros and cons:
Replies: 78
Views: 10050

Re: Early retirement pros and cons:

But you have a much longer time frame to get bored. My FIL retired at 62 and lived until 91. That’s almost 40 years of practically doing nothing. When I mean nothing, I don’t mean just sitting at home and drinking beer. 29 years is not almost 40.......your post makes much more sense now. Oops, my m...
by truenorth418
Mon Jun 04, 2018 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: For retirement at 55 what is a good multiplier?
Replies: 65
Views: 11769

Re: For retirement at 55 what is a good multiplier?

I'm 54, already retired. Beginning next year at age 55 I intend to spend 3% annually going forward - so that's 33X annual spending. I have a small pension available to me at age 65, and SS, but I consider both of those "reinforcements" for now. I'll consider how to work them into the plan when I get...
by truenorth418
Thu May 31, 2018 5:31 am
Forum: Personal Finance (Not Investing)
Topic: Getting married, car buying and apartment by myself?
Replies: 10
Views: 1489

Re: Getting married, car buying and apartment by myself?

Good for you for trying to understand the financial aspects of your marriage. As any divorced person could tell you, marriage, at its core and once you get past all the trappings of the wedding and Facebook photos, is a legal contract with significant financial and tax implications. Some of the impl...
by truenorth418
Wed May 30, 2018 7:25 am
Forum: Personal Consumer Issues
Topic: Advice on neighbor not keeping up his property...
Replies: 103
Views: 7423

Re: Advice on neighbor not keeping up his property...

Thinking of the contentious rent vs. buy thread. The owner has less options re: "neighbor risk".
by truenorth418
Wed May 30, 2018 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Do you have a monthly household budget?
Replies: 63
Views: 3933

Re: Do you have a monthly household budget?

I keep a monthly budget and have been doing so for almost 20 years using an excel spreadsheet. I used to use Quicken but I tired of the cost and realized I could easily manage it myself by simply downloading my bank and credit card files at the end of each period and manually assigning the account n...
by truenorth418
Thu May 24, 2018 10:19 am
Forum: Investing - Theory, News & General
Topic: Renting vs Owning Your Home
Replies: 166
Views: 13356

Re: Renting vs Owning Your Home

3. OWNING IS LESS RISKY Even if you move, you retain some protection because in a down market you'd sell low and buy low, and in an up-market, you'd sell high and buy high. So your gain or loss is limited as long as the real estate markets are comparable and you don't wait too long between selling ...
by truenorth418
Mon May 07, 2018 6:16 pm
Forum: Personal Consumer Issues
Topic: When to buy new underwear?
Replies: 86
Views: 6269

Re: When to buy new underwear?

What does Jack say?
by truenorth418
Sat Mar 31, 2018 6:54 am
Forum: Investing - Theory, News & General
Topic: Nice article on saving money and financial independence
Replies: 36
Views: 5312

Re: Nice article on saving money and financial independence

These extreme early financial independence articles always seem to bring out a lot of contrarians in this forum, so I’ll start. The very first sentence mentions a divorce. How much of her “independence” $$ is she getting from her divorce settlement? Seriously, good for her for saving 70% if that’s w...
by truenorth418
Thu Mar 29, 2018 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Am I being stubborn about housing purchase
Replies: 27
Views: 3832

Re: Am I being stubborn about housing purchase

When your colleagues at work urge you to buy a house because you are "throwing your money away on rent", ask if they wouldn't mind sharing their financial details with you so you can criticize them and pass judgement. As if your financial decisions are any of their g-d business. I could be wrong, bu...
by truenorth418
Tue Mar 27, 2018 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Google sheets not pulling stock prices
Replies: 21
Views: 2463

Re: Google sheets not pulling stock prices

Here is the function I use to pull quotes and calculate current values in real time, using VTI as an example..

=googlefinance("vti","price")*M9

..where M9 is the cell location with the number of shares
by truenorth418
Tue Mar 27, 2018 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Google sheets not pulling stock prices
Replies: 21
Views: 2463

Re: Google sheets not pulling stock prices

It's not pulling SCHA nor VSS for me.

Sounds like it is a widespread problem, hopefully the delicate geniuses over there will fix it soon.
by truenorth418
Tue Mar 27, 2018 11:03 am
Forum: Investing - Help with Personal Investments
Topic: NYC Real Estate
Replies: 13
Views: 1780

Re: NYC Real Estate

I am poised to sell my co-op apartment in NYC in a couple of months, so here are my observations.. -I have owned my co-op apartment for 17 years, it is a very small studio in one of the upscale parts of Manhattan. It has increased in value about 6.5% per year nominal, so a nice return but not out of...
by truenorth418
Sat Mar 24, 2018 7:34 pm
Forum: Personal Consumer Issues
Topic: Downloading podcast of Mark Simone radio program
Replies: 5
Views: 620

Re: Downloading podcast of Mark Simone radio program

Like the above poster, I have found them available via the iHeart app, they are posted about an our after his broadcast each day. Just download the app and then search for Mark Simone. The podcasts are also available via the WOR radio website.
by truenorth418
Mon Mar 19, 2018 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: conversation about finances/spending with significant other?
Replies: 33
Views: 2762

Re: conversation about finances/spending with significant other?

In my opinion, there is not necessarily any harm in dating someone different than you in terms of personal finance, spending habits, etc. Have fun! However, if you are interested in marrying that person, remember that, as any divorced person can tell you, at the end of the day, legal marriage is at ...
by truenorth418
Fri Mar 16, 2018 12:40 pm
Forum: Personal Consumer Issues
Topic: Large life style creep that was completely worth it
Replies: 112
Views: 14784

Re: Large life style creep that was completely worth it

skime wrote:
Thu Mar 15, 2018 9:37 pm
I can't put a price on my time. That's my biggest luxury.
AGREED
by truenorth418
Fri Mar 16, 2018 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 246
Views: 31923

Re: Those with high savings rate: why?

I always thought it would be cool to work really hard and make/save a lot of money early so I could have fun and enjoy life, travel, etc while I was still a young man. So I never bought into the hedonic treadmill lifestyle. Early in my corporate career I saw my bosses, mentors, good middle aged peop...
by truenorth418
Sun Mar 11, 2018 10:54 am
Forum: Personal Consumer Issues
Topic: Need encouragement (on doing own taxes to save money)
Replies: 22
Views: 1994

Re: Need encouragement (on doing own taxes to save money)

Do this experiment. Have your accountant do them (hopefully for the last time). And then do them yourself using TurboTax. Take a close look at both copies of the returns. Compare them. Are they identical? Why not? Are you paying less with the accountant's approach vs. TT? This exercise would ensure ...
by truenorth418
Sun Mar 11, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Life and Financial Goals Weekend Away - What Should My Wife and I Discuss?
Replies: 30
Views: 2924

Re: Life and Financial Goals Weekend Away - What Should My Wife and I Discuss?

I applaud you for having a meeting of this nature. Tackling the tough issues in a mature, professional way sounds like an excellent approach and I wish you luck. My two cents, others will disagree. I commend you for wanting to provide the best for your children. I think the best you can give them is...
by truenorth418
Wed Mar 07, 2018 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Should I "get divorced" for tax purposes (PSLF)
Replies: 57
Views: 4040

Re: Should I "get divorced" for tax purposes (PSLF)

The OP put the "divorce" language in "quotes", so I interpreted him as meaning "married filing jointly". They do not actually have to get divorced to file that way. However, as many who have been through a divorce will tell you, at the end of the day, modern marriage is at its core a legal contract ...
by truenorth418
Thu Mar 01, 2018 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Big umbrella increase: anyone else's risen dramatically?
Replies: 26
Views: 2674

Re: Big umbrella increase: anyone else's risen dramatically?

No I did not see a big increase this year. A few dollars increase, not unreasonable. I use GEICO.
by truenorth418
Thu Mar 01, 2018 11:52 am
Forum: Personal Consumer Issues
Topic: 30-Day Minimalist Challenge
Replies: 79
Views: 8491

Re: 30-Day Minimalist Challenge

One of my favorite quotes. I think I read it on this forum a few years ago: “Possessions are the boat anchor of life”. i have a rule. If I don’t use something in a year, I donate it or throw it in the trash. If I donate it, then someone else can enjoy it, and that’s a good thing. Either way, the mor...
by truenorth418
Sat Feb 24, 2018 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited stocks, what would you do?
Replies: 20
Views: 1878

Re: Inherited stocks, what would you do?

If you had inherited the value of those stocks in CASH, would you have used that cash to buy those stocks?

No?

Well I guess you have your answer. Liquidate and do with it what you would have done if you had inherited cash in the first place.
by truenorth418
Thu Feb 22, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Is a prenup required to establish a list of separate property before marriage?
Replies: 67
Views: 2837

Re: Is a prenup required to establish a list of separate property before marriage?

Pre-nup is like insurance. Hope for the best, plan for the worst. It doesn’t cost that much. And if your betrothed doesn’t respect that this is something important to you now, before the marriage, you should re-think the marriage entirely, because I can only imagine she will respect your wishes even...
by truenorth418
Tue Feb 13, 2018 2:18 pm
Forum: Investing - Theory, News & General
Topic: Random conversations regarding money
Replies: 44
Views: 5021

Re: Random conversations regarding money

To each their own. Who knows, maybe the gold guy will be right! I recently spent some time with an old high school friend. He and his wife have been investing in rental properties in the Los Angeles area where they live. They have 4 or 5 properties, and my friend described these as their "retirement...
by truenorth418
Sun Feb 11, 2018 10:42 pm
Forum: Investing - Help with Personal Investments
Topic: Are REITs essentially taboo for years now with rising rates?
Replies: 55
Views: 5972

Re: Are REITs essentially taboo for years now with rising rates?

My VNQ allocation was a real drag on my overall results last year. When my portfolio hit a major rebalancing band in December I decided to rebalance back to my target stock allocation by just eliminating the VNQ portion entirely.
by truenorth418
Sun Feb 11, 2018 12:10 pm
Forum: Personal Consumer Issues
Topic: Single People and Retirement Question
Replies: 107
Views: 11705

Re: Single People and Retirement Question

Interesting thread idea. I am happy to share some random thoughts as a 53 year old never married retired guy. -While working, my work colleagues were basically a proxy "family" for me. After retiring 7 years ago, I missed those daily human interactions. I missed some of my work friends. But then I r...
by truenorth418
Sat Feb 10, 2018 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: Can’t decide if we’re getting close to FIRE without knowing health care costs
Replies: 30
Views: 2529

Re: Can’t decide if we’re getting close to FIRE without knowing health care costs

I am looking into perpetual travel for the next few years. Affordable health insurance is one benefit of this lifestyle. The global traveler can purchase a very reasonably-priced global health insurance plan - which come with limits to the amount of time one can spend in the USA. For example, Cigna'...
by truenorth418
Fri Feb 09, 2018 10:59 am
Forum: Investing - Theory, News & General
Topic: "The stock market is officially in a correction... here's what usually happens next"
Replies: 83
Views: 14265

Re: "The stock market is officially in a correction... here's what usually happens next"

You know, I see the correction happening, and I am marveling at how my 'psychological' reaction has changed, as a result of finding this site three years ago. Seriously, it is night and day. I think having this forum is very, very helpful in controlling the behavioral aspect of investing. Agree 100...
by truenorth418
Thu Feb 08, 2018 9:29 pm
Forum: Investing - Theory, News & General
Topic: How to deal with regret
Replies: 99
Views: 10912

Re: How to deal with regret

Let's say you took the same money and instead of buying stocks you bought a house. You figure you will own the house for many years and it will most likely be worth more when you sell it than it is worth now. Who knows - maybe the value of the house "plummeted" the next day? Or maybe the value of th...
by truenorth418
Wed Feb 07, 2018 8:38 am
Forum: Investing - Help with Personal Investments
Topic: Torn between Vanguard, Fidelity and Schwab
Replies: 171
Views: 19377

Re: Torn between Vanguard, Fidelity and Schwab

I have Schwab for my taxable accounts and Fidelity for tax deferred. I would consolidate down to just Schwab but my old company used Fidelity to administer its 401k program and my future pension is administered there so I have stayed with them for now. I closed my Vanguard account last year, for sim...
by truenorth418
Wed Feb 07, 2018 8:25 am
Forum: Personal Consumer Issues
Topic: what to do with patent plaques and other work awards?
Replies: 45
Views: 3123

Re: what to do with patent plaques and other work awards?

My dad kept some of his work awards and plaques until he day he died. He loved his work (industrial sales) and was proud of his company. He had worked there for more than 40 years. That was a different time when "loyalty" was a two way street in the corporate world.
by truenorth418
Wed Feb 07, 2018 8:21 am
Forum: Personal Consumer Issues
Topic: what to do with patent plaques and other work awards?
Replies: 45
Views: 3123

Re: what to do with patent plaques and other work awards?

I dropped mine on the top of my trash baskets and left them outside my office door on my last day at the office before retiring. It made a statement re: the way I had been treated there the last couple of years. Why keep those awards? I had thrown away my many awards from my previous jobs after I le...
by truenorth418
Mon Feb 05, 2018 9:17 am
Forum: Personal Consumer Issues
Topic: For BHs who actually like cars - [what car do you drive every day?]
Replies: 280
Views: 19267

Re: For BHs who actually like cars - [what car do you drive every day?]

No car here. I live in NYC so my car was an unnecessary expense and I sold it two years ago. I couldn't be happier walking and taking public transit. If I ever need a car I just rent one or just use one of the several car sharing services. With all the walking I do now I am healthier and saving tons...
by truenorth418
Mon Jan 01, 2018 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)
Replies: 110
Views: 8848

Re: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)

Based on my research, the 180 day thing may not work if you are working in the city and maintain an apartment there. I think the state and city are pretty strict on NY domicile rules. Another option is to live in Hoboken or Jersey City. The NJ taxes suck but at least you wouldn’t get the additional ...
by truenorth418
Sun Dec 31, 2017 4:38 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle’s 5 bold investment predictions for 2018 and beyond.
Replies: 39
Views: 7466

Re: Jack Bogle’s 5 bold investment predictions for 2018 and beyond.

More predictions of the future by Mr. “Nobody Knows Nothin’”.
by truenorth418
Sun Dec 24, 2017 12:55 pm
Forum: Investing - Theory, News & General
Topic: Do any of you follow Bob Brinker?
Replies: 65
Views: 9112

Re: Do any of you follow Bob Brinker?

I listened to him many years ago before I became aware of Bogleheads. I have no use for him now and am better off as a result. +1 Although to be fair Brinker was at one time a very big influence on me in pursuit of "critical mass" - the idea of having enough investable assets where I no longer had ...
by truenorth418
Sun Dec 24, 2017 12:51 pm
Forum: Investing - Theory, News & General
Topic: Do any of you follow Bob Brinker?
Replies: 65
Views: 9112

Re: Do any of you follow Bob Brinker?

FrugalInvestor wrote:
Sat Dec 23, 2017 11:37 pm
I listened to him many years ago before I became aware of Bogleheads. I have no use for him now and am better off as a result.
+1
by truenorth418
Sun Dec 24, 2017 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: how to "know" what asset allocation is right? (crypto windfall)
Replies: 39
Views: 5350

Re: how to "know" what asset allocation is right? (crypto windfall)

Congratulations! -Low profile, don't tell anyone -Take 6 months to a year without doing anything substantial with it -Spend that time 1) thinking about your objectives and what you want to do with your life 2) reading and learning about investing, specifically long term investing, asset allocation, ...
by truenorth418
Sat Dec 23, 2017 7:34 pm
Forum: Investing - Help with Personal Investments
Topic: Are Roth IRAs overrated?
Replies: 77
Views: 8298

Re: Are Roth IRAs overrated?

Reb Tevye wrote:
Sat Dec 23, 2017 5:41 pm


Would you then agree that Mr GCC's writing sucks?
No! I am a big fan. His writing is very thought provoking, as this thread demonstrates.
by truenorth418
Sat Dec 23, 2017 9:21 am
Forum: Investing - Theory, News & General
Topic: Early retirement pros and cons:
Replies: 78
Views: 10050

Re: Early retirement pros and cons:

Retired at age 47. Financial independence had been a dream of mine since college. I have been retired for a little over 6 years now. There is good and bad but overall I love it. Just off the top of my head... Pros -Can do whatever I want, whenever I want. Nobody tells me what to do with my time. -No...
by truenorth418
Fri Dec 22, 2017 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 23503

Re: Do you see a meaningful change in your income with new Tax Bill?

My income won't change at all based on the new tax law. My income consists of dividends, capital gains, and a little interest from my investments, and the new tax law pretty left those types of income alone. Further, my itemized deductions and exemption totaled slightly more than $12,000 last year, ...