Search found 377 matches

by truenorth418
Mon Aug 06, 2018 12:43 am
Forum: Personal Finance (Not Investing)
Topic: Few weeks into new job recieved significantly better offer elsewhere
Replies: 103
Views: 9709

Re: Few weeks into new job recieved significantly better offer elsewhere

Neither of these companies would hesitate to fire you if it made sense financially to do so. They have a responsibility to put their bottom line first. So do you. See if your current company can match or beat the other offer. If they can’t, leave, and don’t look back.
by truenorth418
Mon Jul 30, 2018 11:54 pm
Forum: Investing - Help with Personal Investments
Topic: Financial upside / downside of marriage vs cohabiting
Replies: 74
Views: 5782

Re: Financial upside / downside of marriage vs cohabiting

I think it’s wise for you to investigate this to knownwht you are getting yourself into. A lot of people don’t do the research and get blind sided later on. As any divorced person can tell you, marriage at its core is a legal contract with significant legal, tax and personal finance implications. So...
by truenorth418
Sat Jul 28, 2018 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Retire Internationally for FIRE
Replies: 94
Views: 12284

Re: Retire Internationally for FIRE

What is the advantage of Fire abroad? Why not just do it somewhere low cost here? Seems like culture shocks, language, lack of social support would remove any advantages? Other than cost, which has been addressed in the thread already, how about culture? Adventure? New experiences? Climate? Better ...
by truenorth418
Sat Jul 28, 2018 6:29 am
Forum: Personal Consumer Issues
Topic: Toughest Purchase of my Life. Engagement Ring time
Replies: 207
Views: 9245

Re: Toughest Purchase of my Life. Engagement Ring time

You’ll only get married once in your life, and you’ll be married to this person until you die, so you should make sure to start off on the right foot. Absolutely spend this money on the engagement ring! Maybe more! After all, as the saying goes “Happy wife, happy life!” After all, she’s going to wan...
by truenorth418
Sat Jul 21, 2018 3:06 am
Forum: Investing - Help with Personal Investments
Topic: I'm about to inherit a single stock with a worth of just over 7 figures....
Replies: 103
Views: 8777

Re: I'm about to inherit a single stock with a worth of just over 7 figures....

If instead of the stock you inherited an equal value in cash, would you immediately run out and spend all the cash to buy this stock? No? Then why effectively do the exact same thing by holding onto the stock?
by truenorth418
Thu Jul 12, 2018 12:54 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 359
Views: 14922

Re: COMING SOON: BOGLEHEADS PODCASTS

When I think about parameters for a good name for this podcast: 1) Telegraphs what the podcast will be about for non Bogleheads.org users. So "Bogleheads Podcast" doesn't work. 2) Covers the full breadth (or close to it) of what the Bogleheads philosophy is about. So any focus purely on investing d...
by truenorth418
Thu Jul 12, 2018 12:53 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 359
Views: 14922

Re: COMING SOON: BOGLEHEADS PODCASTS

"The Bogleheads Podcast"
by truenorth418
Thu Jul 05, 2018 10:48 am
Forum: Investing - Theory, News & General
Topic: Charles Schwab better than Transferwise?
Replies: 2
Views: 362

Re: Charles Schwab better than Transferwise?

I have transferred funds from Canadian banks to my Schwab account numerous times. They do not charge, the process was fast and seamless. I highly recommend this approach.
by truenorth418
Wed Jun 27, 2018 4:16 pm
Forum: Personal Consumer Issues
Topic: Best time to travel to Iceland?
Replies: 22
Views: 2852

Re: Best time to travel to Iceland?

WhiteMaxima wrote:
Mon Jun 25, 2018 4:01 pm
truenorth418 wrote:
Mon Jun 25, 2018 3:56 pm
Best time to go was last week.
FIFA Would Cup 2018?
No - last week was the equinox - longest day - it is cool being in Iceland when the sun doesn't actually set.
by truenorth418
Wed Jun 27, 2018 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Pre nups.
Replies: 54
Views: 5553

Re: Pre nups.

Prenups are great. They provide an excellent vehicle to have a very concrete discussion about financial expectations in the marriage. It's better to talk about these things prior to marriage, and while you may touch on them to a certain extent without a prenup, a prenup puts a narrow focus on the i...
by truenorth418
Mon Jun 25, 2018 3:56 pm
Forum: Personal Consumer Issues
Topic: Best time to travel to Iceland?
Replies: 22
Views: 2852

Re: Best time to travel to Iceland?

Best time to go was last week.
by truenorth418
Sun Jun 24, 2018 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Canadian Universities [Dual US / Canadian citizen]
Replies: 33
Views: 1866

Re: Thoughts on Canadian Universities [Dual US / Canadian citizen]

It has been a long time since I was acquainted with Canadians, but I thought I recalled that High School in Canada went through Grade 13 - as opposed to Grade 12 in the US. Does that affect entering students at Canadian Universities? Grade 13 was a university prep year but only in the province of O...
by truenorth418
Sun Jun 24, 2018 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Canadian Universities [Dual US / Canadian citizen]
Replies: 33
Views: 1866

Re: Thoughts on Canadian Universities

I'm a dual citizen US/Canada. I went to graduate school at a top university in Canada. The cost of the Canadian university education was a fraction of what I would have had to pay in the US at even a crappy American school. However, my concern at the time was that I would not be able to translate my...
by truenorth418
Sat Jun 23, 2018 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 21053

Re: Can you retire on $2M?

I have a rhetorical question. Why would anyone want to "retire" at age 40? What possibly would you do with all that time (that doesn't cost a lot of money)? I’ll give a rundown for my to-do list, alas I am about a decade older. In no particular order: - spend more time with my family (aging parents...
by truenorth418
Sat Jun 23, 2018 12:12 pm
Forum: Investing - Theory, News & General
Topic: I-bonds look pretty bad right now
Replies: 92
Views: 10906

Re: I-bonds look pretty bad right now

My solution to the argument over i-bonds or CDs or bond funds?

All of them have a role in my IPS ...and therefore I own plenty of ALL of them!
by truenorth418
Sat Jun 23, 2018 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Ways to Protect Assets Without a Prenup
Replies: 69
Views: 6797

Re: Ways to Protect Assets Without a Prenup

A pre-nup can help organize and customize this unique financial contract. But, OP, you don’t have a pre-nup. You have decided to let the chips fall where they may with the default, government mandated option. You are concerned about the finances, while marriage is primarily financial. Why get marri...
by truenorth418
Sat Jun 23, 2018 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 21053

Re: Can you retire on $2M?

I had about $2M in investable assets when I retired 7 years ago at age 47.

I spent less than 2.5% of year end portfolio value each year since then, and now my portfolio is far higher than $2M.
by truenorth418
Sat Jun 23, 2018 8:00 am
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 161
Views: 15074

Re: Did you celebrate when you finally hit $1m?

Yes. I rewarded myself a nice dinner at my favorite steak house.
by truenorth418
Fri Jun 22, 2018 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Ways to Protect Assets Without a Prenup
Replies: 69
Views: 6797

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: 36
Views: 1774

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: 1932

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: 345
Views: 33747

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: 151
Views: 19222

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: 6750
Views: 1466647

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: 1572

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: 37918

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: 17814

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: 10389

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: 12096

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: 18
Views: 2687

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: 7631

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: 4206

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: 13885

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: 6699

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: 5493

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: 3905

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: 36
Views: 5271

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: 36
Views: 5271

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: 1837

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: 687

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: 2836

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: 15260

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: 33135

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: 2042

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: 2978

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: 4149

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: 2756

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: 8677

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: 1938

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: 2965

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...