Search found 327 matches

by truenorth418
Tue Feb 13, 2018 2:18 pm
Forum: Investing - Theory, News & General
Topic: Random conversations regarding money
Replies: 44
Views: 4557

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: 5191

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: 60
Views: 5386

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: 2242

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: 13110

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: 87
Views: 7286

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: 127
Views: 8734

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: 2763

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: 2763

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: 260
Views: 14188

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: 8183

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: 6838

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: 64
Views: 6726

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: 64
Views: 6726

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: 5023

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: 7444

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: 58
Views: 6853

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: 21328

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, ...
by truenorth418
Fri Dec 22, 2017 9:30 am
Forum: Investing - Help with Personal Investments
Topic: REIT or No REIT
Replies: 98
Views: 10007

Re: REIT or No REIT

I have held some REIT in my IRA for a few years. Now I have reached a rebalancing band in my overall equity allocation and need to buy more of my bond fund. I will sell off all of my REITs to bring my equities into balance - which will at the same time open up room in my IRA to increase the bond all...
by truenorth418
Tue Dec 19, 2017 10:03 am
Forum: Personal Consumer Issues
Topic: Spending on myself, am I off base here?
Replies: 104
Views: 5882

Re: Spending on myself, am I off base here?

It's your money. You should be able to do with it whatever you like. I could be off base here but I imagine your wife also spends money on useless trivialities from time to time, and you keep quiet about it right? She should do the same in this case, and if she continues to give you a hard time abou...
by truenorth418
Sat Dec 16, 2017 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Two commas, I'm calling it
Replies: 20
Views: 4711

Re: Two commas, I'm calling it

Congratulations! :happy :happy
by truenorth418
Mon Dec 11, 2017 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Can/Should early retiree avoid ACA tax credits?
Replies: 55
Views: 3764

Re: Can/Should early retiree avoid ACA tax credits?

The Affordable Care Act was carefully designed and well thought out by our nation's leaders. Obviously they wanted people under your circumstances to receive the subsidies, otherwise they would not have designed the law the way they did.

Take the subsidy and enjoy it!
by truenorth418
Sat Dec 09, 2017 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Does this happen to you? Educating friends about personal finance
Replies: 104
Views: 6338

Re: Does this happen to you? Educating friends about personal finance

Yes it can be frustrating. Recently I had a conversation with my brother about how I manage my finances in early retirement. I mentioned a few books that I found helpful, and he asked me to please send me a list of the books so he could read them too. So I went to my email to compose the message and...
by truenorth418
Tue Dec 05, 2017 11:42 am
Forum: Personal Consumer Issues
Topic: After financial independence, do you lose motivation for work?
Replies: 156
Views: 11898

Re: After financial independence, do you lose motivation for work?

I was sick of my career so I stepped off as soon as I was financially independent. I looked into some other career tracks to see if there was something more interesting to me where I could continue making money, but for the most part potential new employers weren't interested in taking a chance on s...
by truenorth418
Sat Nov 25, 2017 1:44 pm
Forum: Investing - Theory, News & General
Topic: HSA: "Pay out of pocket" vs Withdraw math problem
Replies: 48
Views: 3699

Re: HSA: "Pay out of pocket" vs Withdraw math problem

Money is fungible. I assume I will always have health related expenses in my budget - and that I will have more of those when I am older, so why not wait and allow the funds in my HSA to grow tax free for a while? Later I will withdraw the money tax free to pay for those health related expenses. I w...
by truenorth418
Sat Nov 25, 2017 1:36 pm
Forum: Personal Consumer Issues
Topic: Etiquette question: going out to dinner with friends and how to split the bill
Replies: 86
Views: 5725

Re: Etiquette question: going out to dinner with friends and how to split the bill

#3 Separate checks. If your friends balk, discreetly pull the waiter/ress aside when you go to the men's room and ask them to split your check out separately. You are ordering a proportionately more expensive meal. You are doing them a favor. It is hardly rude to insist on paying your "fair share".
by truenorth418
Sun Nov 19, 2017 6:24 pm
Forum: Investing - Theory, News & General
Topic: Schwab acct. security tool
Replies: 22
Views: 1713

Re: Schwab acct. security tool

Schwab uses Symantec VIP random generator for login with your existing password. Yup, I did the same a couple of months ago. It works really well. Yes, I have to have my phone handy when I log in so I can access the code, and yes it is an extra step to log into my account, but I appreciate the extr...
by truenorth418
Thu Nov 16, 2017 12:16 am
Forum: Personal Finance (Not Investing)
Topic: Fair way to split expenses?
Replies: 105
Views: 5411

Re: Fair way to split expenses?

50/50. Marriage is an equal partnership.
by truenorth418
Tue Nov 14, 2017 8:53 am
Forum: Personal Consumer Issues
Topic: Keurig died...what now?
Replies: 73
Views: 5855

Re: Keurig died...what now?

Another day, another reason not to use Keurig.

Buy a cone and some paper filters - put the coffee in it and pour the hot water through it into the cup.

That's what I do. It's economical, it's better tasting than any other method, and it frees up valuable shelf space.
by truenorth418
Sun Nov 12, 2017 9:59 am
Forum: Personal Consumer Issues
Topic: Unnecessary Corporate Meetings
Replies: 25
Views: 2136

Re: Unnecessary Corporate Meetings

I am early retired. People ask me if I ever get bored since I no longer work. I say "Of course I get bored sometimes - but NEVER as bored as I was sitting through all those corporate meetings."
by truenorth418
Sun Nov 12, 2017 9:57 am
Forum: Investing - Theory, News & General
Topic: Fidelity 10X Retirement Rule - - Valid???
Replies: 46
Views: 3391

Re: Fidelity 10X Retirement Rule - - Valid???

10X is a terrible rule of thumb. Ok, people tend to know their income better than their expenses. But those of us who are retired understand that expenses is the more important number for forecasting retirement readiness. Fidelity should encourage people to understand their expenses better.
by truenorth418
Wed Nov 01, 2017 6:06 am
Forum: Personal Consumer Issues
Topic: Retirees: which websites do you spend the most time on?
Replies: 33
Views: 6143

Re: Retirees: which websites do you spend the most time on?

Bogleheads
Earlyretirement.org
Instapundit
Drudge
Freerepublic
WSJ
Wikipedia
Twitter
And websites for my financial institutions
by truenorth418
Tue Oct 31, 2017 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Inexpensive house or condo as home base (MKE?)
Replies: 39
Views: 4374

Re: Inexpensive house or condo as home base (MKE?)

I am considering a similar path. I will be interested to read comments on this one. If you are considering the purchase of a condo or house as a "home base", don't forget there are significant expenses associated with home ownership. First, there are all the expenses that come with purchasing the pr...
by truenorth418
Tue Oct 31, 2017 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone have an account with Charles Schwab?
Replies: 12
Views: 1696

Re: Does anyone have an account with Charles Schwab?

I think to a large extent it is up to you.

My Schwab rep has helped me greatly with some service aspects, helping me to transfer money from overseas into my account, transferred funds in from another brokerage, etc. But for the most part he has left me alone which is how I like it.
by truenorth418
Sat Oct 28, 2017 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Voice recognition security at Fidelity? Go for it or not?
Replies: 9
Views: 1217

Re: Voice recognition security at Fidelity? Go for it or not?

I think it's a good idea and I have set this up on my financial accounts that offer it. It can help prevent the strategy you hear about from time to time where the identity thief tries to change some of your online security attributes by doing an end run over the phone. So this is one more layer of ...
by truenorth418
Sat Oct 28, 2017 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: What was the main reason you retired?
Replies: 210
Views: 16736

Re: What was the main reason you retired?

Sick of people I didn't like telling me to do things I was no longer interested in.

And early retirement was always something that appealed to me and had been simmering in my mind for years.
by truenorth418
Tue Oct 24, 2017 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab- which money market fund? (taxable account)
Replies: 23
Views: 2149

Re: Schwab- which money market fund? (taxable account)

I use SWVXX. It is paying close to 1% now. so the income you receive from it is reported on a 1099-INT correct? as when putting money into SWVXX, one has to choose whether or not to ' reinvest dividends and capital gains ' when manually purchasing SWVXX which pushes my mindset towards a 1099-DIV. I...
by truenorth418
Tue Oct 24, 2017 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: How do you handle ATM access with checking accounts?
Replies: 26
Views: 2563

Re: How do you handle ATM access with checking accounts?

I use a cash back credit card for as many purchases as possible. Currently the Barclay Arrival+ Mastercard. This provides me with 100's of $$ back every year. I take out as little cash from the ATM as necessary. Typically this is one visit to the ATM per month, more if I'm traveling abroad and need ...
by truenorth418
Wed Oct 18, 2017 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: If someone held a gun to your head, and force u to gamble whether the S&P 500 will rise or fall tomorrow, what do u say?
Replies: 45
Views: 2750

Re: If someone held a gun to your head, and force u to gamble whether the S&P 500 will rise or fall tomorrow, what do u

cadreamer2015 wrote:
Wed Oct 18, 2017 1:15 pm
Is this actionable?
No. And neither are the current threads about "reversed pictures" or "trash on the sidewalk". What's your point?
by truenorth418
Sun Oct 15, 2017 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: You career roots and your path to financial independence. "Actionable: steps and tips for others?
Replies: 56
Views: 6329

Re: You career roots and your path to financial independence. "Actionable: steps and tips for others?

It was in college that I decided I wanted to retire early. I saw the movie "Lost in America", and I began to consider this idea of working really hard and saving my money for a while, so that I could escape the rat race at a young age and enjoy life. I decided a 2 year MBA was a good tool to score a...
by truenorth418
Sun Oct 15, 2017 2:19 pm
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 171
Views: 17362

Re: How does everyone keep track of your portfolio?

Google spreadsheet. Links to all my funds and ETFs so I can see the portfolio value in real time.
by truenorth418
Fri Oct 13, 2017 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand what happens with the new law and ACA subsidies
Replies: 80
Views: 6639

Re: Help me understand what happen with the new law and ACA subsidies

Here's a link to a spreadsheet showing what each state planned. Here's a link to an explanation of the four basic strategies states and insurers chose. The link is from the spreadsheet, but I thought it would be easier on readers if I listed it separately. PJW Phineas, thank you for posting these l...
by truenorth418
Fri Oct 13, 2017 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand what happens with the new law and ACA subsidies
Replies: 80
Views: 6639

Re: Help me understand what happen with the new law and ACA subsidies

As I understand it the subsidies to individuals and families are not impacted. The news today was about the subsidies paid directly to insurance companies. There was speculation that these were going to end anyway since they were being challenged in court. As I understand it, insurance providers sub...
by truenorth418
Thu Oct 12, 2017 8:43 pm
Forum: Investing - Theory, News & General
Topic: Understanding What Makes Vanguard So Successful
Replies: 12
Views: 2157

Re: What Makes Vanguard So Successful - Article

Good article. Thanks for posting, OP. He posits Vanguard is poised for growth and is bound to achieve industry leadership in terms of AUM. But I wonder if that is the primary objective of Vanguard? As he points out, its ownership status is different than other firms. Without traditional shareholders...
by truenorth418
Tue Oct 10, 2017 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Security
Replies: 66
Views: 7644

Re: Fidelity Security

Is it all perfect? No. Is it useful and worth using? Yes. And so I have added both of these features to my Schwab and Fidelity accounts. I guess I'm struggling with the "useful and worth using" part. If we already secure our accounts with a password that's strong (alphanumeric) and unique to Fideli...
by truenorth418
Tue Oct 10, 2017 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Security
Replies: 66
Views: 7644

Re: Fidelity Security

How does the VIP app really provide any extra security? To deactivate it all you have to do is call... Yeah but one would still have to get past the Fidelity phone security features. Fidelity now has voice-recognition-based security over the phone. Schwab also now uses Symantec VIP for online trans...
by truenorth418
Tue Oct 10, 2017 9:06 am
Forum: Investing - Help with Personal Investments
Topic: Protecting against the possibility of a correction?
Replies: 45
Views: 4604

Re: Protecting against the possibility of a correction?

My advice is focus on the Bogleheads tenet about adjusting your AA to fit your risk profile. You are getting older, but so is this bull market. You are getting nervous. This indicates you are taking too much risk than you are comfortable with and you should adjust your asset allocation so that you f...