Search found 3795 matches

by AlohaJoe
Sat Nov 17, 2018 4:15 am
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 62
Views: 2910

Re: Time Value of Money vs. Variable Percentage Withdrawal (VPW)

Yeah, I know, we're drifting away from simplicity goals, but for somebody "hands on", I think this makes reasonable sense. Picking up the right Final-Value for the pre-SS years isn't fully straightforward though. Feedback welcome. In the NPV Cash Flows cell you use the formula =npv(.05, ...) * 1.05...
by AlohaJoe
Fri Nov 16, 2018 9:07 pm
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 61
Views: 4073

Re: If riskier than US, why doesn't international outperform?

It seems like the disparity in expectations arises from those who, in the Bogle spirit, believe that what you are calling "economic good luck" was not truly random but the inevitable and predictable result of US attitudes and legal conditions ex ante. But this can't be right either. If it was predi...
by AlohaJoe
Fri Nov 16, 2018 5:17 am
Forum: Investing - Theory, News & General
Topic: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?
Replies: 75
Views: 4762

Re: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?

There is no consensus. The vagueness, and the inability of proponents to foresee and answer obvious questions, are the biggest weaknesses, in my opinion. It makes backtesting difficult and makes it clear the proponents never did a backtest of anything in their life. M* never did a backrest? Nope. A...
by AlohaJoe
Wed Nov 14, 2018 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Does it ever make sense to pay more tax intentionally?
Replies: 15
Views: 1601

Re: Does it ever make sense to pay more tax intentionally?

FWIW, the answer is "yes", sometimes it does. But not in the US. There was a story a few years back about Swedes who intentionally overpaid. At the time Swedish banks we're paying negative (or very low?) interest rates but Swedish tax law said that the government owed you interest on overpayments (w...
by AlohaJoe
Wed Nov 14, 2018 9:15 pm
Forum: Investing - Theory, News & General
Topic: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?
Replies: 75
Views: 4762

Re: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?

To me, the bucket approach is having a separate bucket for planned short term withdrawals (cash and cash equivalents and ST Treasuries for money needed for zero to three years); mid-term withdrawals (> 3 years to 6 to 10 years in a medium term bond fund); and long term (> 8 to 10 years in stock fun...
by AlohaJoe
Wed Nov 14, 2018 8:52 pm
Forum: Investing - Theory, News & General
Topic: "What If You Retire At a Stock Market Peak?" - by Ben Carlson
Replies: 49
Views: 5818

Re: "What If You Retire At a Stock Market Peak?" - by Ben Carlson

Does the author indicate from where he draws the 4% (I suppose in bad years, from the treasuries, and from a mix in good years)? Does he also mention how often he rebalances? Yep, he mentions both. Can you please point them out for me? I think I’m having the same confusion as PaulF below. Annual re...
by AlohaJoe
Wed Nov 14, 2018 8:37 pm
Forum: Investing - Theory, News & General
Topic: "What If You Retire At a Stock Market Peak?" - by Ben Carlson
Replies: 49
Views: 5818

Re: "What If You Retire At a Stock Market Peak?" - by Ben Carlson

Well, I'm baffled by Carlson's data. Simple matter to look at 4% inflation adjusted annual withdrawals from $1M portfolio 60/40 rebalanced annually 2000-2017 using Portfolio Visualizer. Results show that the remaining nominal portfolio value at the end of 2017 was $1,021,558 and $697,409 inflation-...
by AlohaJoe
Wed Nov 14, 2018 10:21 am
Forum: Investing - Theory, News & General
Topic: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?
Replies: 75
Views: 4762

Re: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?

There is no consensus.

The vagueness, and the inability of proponents to foresee and answer obvious questions, are the biggest weaknesses, in my opinion. It makes backtesting difficult and makes it clear the proponents never did a backtest of anything in their life.
by AlohaJoe
Wed Nov 14, 2018 10:10 am
Forum: Investing - Theory, News & General
Topic: "What If You Retire At a Stock Market Peak?" - by Ben Carlson
Replies: 49
Views: 5818

Re: "What If You Retire At a Stock Market Peak?" - by Ben Carlson

Interesting blog post today by Ben Carlson. Similar to his "What If You Only Invested at Market Peaks?" from a few years ago. Retiring just before a stock market peak could be ruinous to your financial health but it doesn’t have to be. A balanced portfolio was able to hold up using a simple set of ...
by AlohaJoe
Tue Nov 13, 2018 10:29 pm
Forum: Investing - Theory, News & General
Topic: "What If You Retire At a Stock Market Peak?" - by Ben Carlson
Replies: 49
Views: 5818

Re: "What If You Retire At a Stock Market Peak?" - by Ben Carlson

CULater wrote:
Tue Nov 13, 2018 9:37 pm
Methodology appears to be flawed, if he is trying to evaluate the "4% Rule."
He's not. You should read the article.
by AlohaJoe
Tue Nov 13, 2018 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 62
Views: 2910

Re: Time Value of Money vs. Variable Percentage Withdrawal (VPW)

I don't have a good answer for the last point. If a deep crisis occurs in my late 60s, I will definitely cancel my SSA postponement plans, and this will help (numerically AND behaviorally). If a deep crisis occurs before that, I will probably get itchy, hence regulate myself and spend less from the...
by AlohaJoe
Tue Nov 13, 2018 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 62
Views: 2910

Re: Variable Percentage Withdrawal (VPW)

Second step is to make a realistic scenario for future cash flows until you're truly expected to push the daisies. Social Security, Pensions, part-time wages for a while, inheritance, house downsizing, etc. Note that this can include income as well as special expenses that go beyond a regular budge...
by AlohaJoe
Mon Nov 12, 2018 11:55 pm
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 62
Views: 2910

Re: Time Value of Money vs. Variable Percentage Withdrawal (VPW)

Can anyone identify any other disadvantages compared to VPW? A few years ago I wrote two blog posts exploring the two main variables in this approach (length of time & the rate): https://medium.com/@justusjp/flavors-of-pmt-based-withdrawals-part-1-of-2-mortality-dbe09aed5be1 https://medium.com/@jus...
by AlohaJoe
Mon Nov 12, 2018 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 62
Views: 2910

Re: Variable Percentage Withdrawal (VPW)

siamond wrote:
Mon Nov 12, 2018 9:48 pm
Unfortunately, I am not as well organized as AlohaJoe and I didn't keep pointers about said references.
You just need to install https://www.mendeley.com :D
by AlohaJoe
Mon Nov 12, 2018 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Stock market open today?
Replies: 14
Views: 2164

Re: Stock market open today?

It’s always open on Veteran’s Day This isn't quite true. The NYSE closed on Veteran's Day in 1918 and again on 1921. From 1922-1933 it didn't close but observed a 2 minute trading halt. From 1934-1953 it closed. From 1954-2006 it didn't close but observed a 2 minute trading halt. So dm200's questio...
by AlohaJoe
Mon Nov 12, 2018 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 62
Views: 2910

Re: Variable Percentage Withdrawal (VPW)

There isn't any reading on this that I'm aware of. http://howmuchcaniaffordtospendinretirement.blogspot.com/ Here's the article published in the Journal of Personal Finance: http://howmuchcaniaffordtospendinretirement.webs.com/Better_Systematic_Withdrawal_Strategy_03062014.pdf Here's a few publishe...
by AlohaJoe
Mon Nov 12, 2018 1:22 am
Forum: Personal Consumer Issues
Topic: Trying to move out.
Replies: 25
Views: 1954

Re: Trying to move out.

That's a lot of words. Here's a shorter version: "I'm afraid my dog and my girlfriend's dog might not get along but I want to move in with her. What should I do?" All the talk about separate crating and upstairs/downstairs is, quite frankly, crazy talk. You're not going to do that for 5+ years, or h...
by AlohaJoe
Sun Nov 11, 2018 9:37 pm
Forum: Personal Consumer Issues
Topic: 20th Anniversary vacation ideas wanted
Replies: 29
Views: 1862

Re: 20th Anniversary vacation ideas wanted

Go to your local library, check out a copy of 1,000 Places To See Before You Die or Lonely Planet 1000 Ultimate Experiences or Lonely Planet's Ultimate Travel: Our List of the 500 Best Places to See... Ranked or The Bucket List: 1000 Adventures Big & Small or National Geographic's 100 Countries, 5,0...
by AlohaJoe
Sun Nov 11, 2018 8:54 pm
Forum: Investing - Theory, News & General
Topic: What's Your Fixed Income Strategy?
Replies: 89
Views: 8616

Re: What's Your Fixed Income Strategy?

age 43
retired 1 year
11% fixed income
approximately 1% in Vietnamese term deposit
the rest split between Vanguard Emerging Bonds Admiral and Vanguard High Yield Corporate Fund
by AlohaJoe
Fri Nov 09, 2018 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Doing taxes by hand
Replies: 83
Views: 4811

Re: Doing taxes by hand

I could easily cost myself $70 by doing something wrong. No, you can't easily cost yourself $70. That's a myth. I fill out my tax forms by hand. I have active and passive income from three countries where I am tax resident. My tax situation is almost certainly more complicated than most people who ...
by AlohaJoe
Fri Nov 09, 2018 8:32 am
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 14564

Re: How much money are you leaving your kids after you die?

I'm curious, especially for those with assets (or planned assets) over $1million. Do you plan to leave your kids nothing, some or everything? I like the Warren Buffett plan In 2012 Warren Buffett gave his children $600 million each and announced plans to give them $2.1 billion each in the future. I...
by AlohaJoe
Thu Nov 08, 2018 10:16 am
Forum: Personal Finance (Not Investing)
Topic: How high can House prices go
Replies: 43
Views: 5156

Re: How high can House prices go

I feel like there is a limit to this effect, though. Most of these pricey European and Asian areas have had near zero or even negative sovereign interest rates recently. I don't think this is true. I quoted Australia, which hasn't had zero interest rates. Same for Hong Kong and Singapore. The exist...
by AlohaJoe
Thu Nov 08, 2018 3:00 am
Forum: Personal Finance (Not Investing)
Topic: How to plan for bonus without knowing amount?
Replies: 32
Views: 1886

Re: How to plan for bonus without knowing amount?

How do you plan for future pay raises and promotions and job changes without knowing the amount? Isn't it the same exact thing? The money isn't guaranteed, so create a framework that doesn't expect the money but still has a plan on what to do with money that does arrive. Also, go watch the original ...
by AlohaJoe
Wed Nov 07, 2018 11:52 pm
Forum: Investing - Theory, News & General
Topic: China Still An Emerging Market?
Replies: 24
Views: 2002

Re: China Still An Emerging Market?

MP123 wrote:
Wed Nov 07, 2018 11:46 pm
Are there any Emerging Markets ex-China funds?

Most EM funds seem to be heavily concentrated in China.
If you type that exact question into Google you will find some, yes.
by AlohaJoe
Wed Nov 07, 2018 12:38 am
Forum: Personal Finance (Not Investing)
Topic: How high can House prices go
Replies: 43
Views: 5156

Re: How high can House prices go

I would expect sustainable rents, on the extremely high side, to be up to 40% of household incomes, and homes to be selling at up to 15x annual rent. In one state in Australia, "Borrowers in NSW were most at risk, with repayments for the average household taking up 40 per cent of their income" So 4...
by AlohaJoe
Tue Nov 06, 2018 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: How high can House prices go
Replies: 43
Views: 5156

Re: How high can House prices go

I dunno, I'd look at other countries and see how loans work in them if you want to extrapolate some kind of worst case. No reason loans need to be 30 years. They could be 50. So how high do house prices go if you assume a 50 year mortgage and 50% of the salary goes to debt? $120,000 salary pays for ...
by AlohaJoe
Tue Nov 06, 2018 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 14564

Re: How much money are you leaving your kids after you die?

I plan to gift as much as possible. I plan to gift the annual gift exclusion limit as soon as they aren't a dependent. Then I'll be in a position to have constructive coaching conversations about the money and can adjust plans. I also gift the annual exclusion limit to my brother to help pay off his...
by AlohaJoe
Tue Nov 06, 2018 3:08 pm
Forum: Investing - Theory, News & General
Topic: Stable value vs. bonds: the yield/volatility tradeoff
Replies: 26
Views: 1239

Re: Stable value vs. bonds: the yield/volatility tradeoff

I suspect that to do a mathematical comparison, you would need to treat your SVF as the 'risk free asset'. Aren't Stable Value Funds just an annuity from an insurance company? So you'd have non-diversified counterparty risk with a financial institution. Seems like you're taking on credit risk from ...
by AlohaJoe
Mon Nov 05, 2018 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Son has job offer in Nashville, can he survive on base of 33K
Replies: 16
Views: 2465

Re: Son has job offer in Nashville, can he survive on base of 33K

For Nashville:

"Median Income Under 25 $27,753
Median Income 25-44 $39,710"

Seems like it should be super easy.

He probably needs to get a roommate, which is hardly the end of the world.
by AlohaJoe
Mon Nov 05, 2018 12:35 am
Forum: Investing - Theory, News & General
Topic: Risk-based factor explanations: How can factors be non-diversifiable risk?
Replies: 8
Views: 777

Re: Risk-based factor explanations: How can factors be non-diversifiable risk?

In other words, why doesn't the standard argument on how the market should only reward systematic risk, not idiosyncratic stock risk, apply to them? One way to think about this is your "standard argument" isn't exactly a natural law of the universe, it is more like a theory of how things might work...
by AlohaJoe
Sun Nov 04, 2018 5:25 am
Forum: Investing - Help with Personal Investments
Topic: US citizen working abroad - will vanguard limit access to a brokerage account?
Replies: 5
Views: 614

Re: US citizen working abroad - will vanguard limit access to a brokerage account?

Turning it into a brokerage account has no bearing on whether Vanguard will lock access. This forum has lots of stories over the years of people with regular mutual fund accounts being locked. A small number of people seem to be grandfathered in by Vanguard. Or something. Anyway, just go with a comp...
by AlohaJoe
Sat Nov 03, 2018 9:13 pm
Forum: Investing - Theory, News & General
Topic: [WSJ: The New Retirement Plan: Save Almost Everything, Spend Virtually Nothing]
Replies: 74
Views: 8438

Re: [WSJ: The New Retirement Plan: Save Almost Everything, Spend Virtually Nothing]

Being ABLE to retire at 40 is great. But actually doing so is like liquidating millions in investments, converting it to cash, dousing it with lighter fluid and setting it on fire. What if you don't want/need those millions? Isn't it the same as "if you've won the game why keep playing" where peopl...
by AlohaJoe
Sat Nov 03, 2018 8:46 pm
Forum: Investing - Theory, News & General
Topic: [WSJ: The New Retirement Plan: Save Almost Everything, Spend Virtually Nothing]
Replies: 74
Views: 8438

Re: WSJ FIRE

This. We pull around 420k HHI and take home around 45% of our paychecks when you include the almost 10% 401k contribution, state and federal taxes, healthcare, FICA etc. I think last year our federal tax bill was 70k with AMT. $70,000 federal taxes on $420,000 in income is 16%. Where did the other ...
by AlohaJoe
Sat Nov 03, 2018 8:39 pm
Forum: Investing - Theory, News & General
Topic: [WSJ: The New Retirement Plan: Save Almost Everything, Spend Virtually Nothing]
Replies: 74
Views: 8438

Re: WSJ FIRE

High percentage of savings is hard with high income. When your paying 40% in taxes, you cant save 75%. but saving 10x of expenses is possible. I am guessing most people making 200k/year ate pasying 30k+ in taxes which will make 75% hard. There are definitely exceptuo s Isn't $30,000 only 15% of $20...
by AlohaJoe
Sat Nov 03, 2018 7:44 pm
Forum: Investing - Help with Personal Investments
Topic: Close to the Bull Trap phase of the market cycle
Replies: 32
Views: 2777

Re: Close to the Bull Trap phase of the market cycle

neuroawesom wrote:
Sat Nov 03, 2018 2:44 pm
No, I started investing around 2016. My portfolio is still up. But, I have never seen a bear market
There was a bear market in 2016.

https://theirrelevantinvestor.com/2017/ ... lks-about/
by AlohaJoe
Sat Nov 03, 2018 9:37 am
Forum: Investing - Theory, News & General
Topic: WSJ: Sometimes, It’s Bonds For the Long Run
Replies: 72
Views: 5952

Re: Questioning the Dogma of "Stocks for the Long Run"

- Stated more simply, if “past performance is no guarantee of future results” and if all—or at least most—guidance on portfolio design/allocation derives from analyses of past performance and if one is designing a portfolio to achieve some desired future results, then what logical basis is there fo...
by AlohaJoe
Sat Nov 03, 2018 9:32 am
Forum: Investing - Theory, News & General
Topic: WSJ: Sometimes, It’s Bonds For the Long Run
Replies: 72
Views: 5952

Re: WSJ: Sometimes, It’s Bonds For the Long Run

This seems like a nice new dataset and echos the point made by Arnott in "Bonds, Why Bother?" From 1803 to 1857, stocks floundered, giving the equity investor one-third of the wealth of the bond holder; by 1871, that shortfall was finally recovered That is, stocks underperformed bonds for 68 years.
by AlohaJoe
Sat Nov 03, 2018 8:22 am
Forum: Investing - Theory, News & General
Topic: How low can BND go?
Replies: 65
Views: 7705

Re: How low can BND go?

Oak&Elm wrote:
Fri Nov 02, 2018 5:46 pm
With the US economy doing so well I’m assuming we can expect the interest rates to continue to rise. Just wondering how low this can push the total bond market?
Total Bond index has a duration of around 6. A 1% increase in rates means a 6% drop. How high do you think rates will go?
by AlohaJoe
Sat Nov 03, 2018 6:05 am
Forum: Personal Finance (Not Investing)
Topic: Shouldn’t I Diversify My Income Sources?
Replies: 9
Views: 933

Re: Shouldn’t I Diversify My Income Sources?

Why does healthcare, consumer goods, jet engines, wholesale lending, farming, skyscrapers, luxury watches, and internet advertising all count as just one source of income? Seems to me like it is thousands of sources of income.
by AlohaJoe
Fri Nov 02, 2018 10:25 pm
Forum: Investing - Theory, News & General
Topic: "Individual investors should have access to Private Equity"
Replies: 46
Views: 3429

Re: "Individual investors should have access to Private Equity"

I am questioning why a financial company that raises money for a private placement or a private company trying to raise money for its own purposes should have the government tell it who it has to do business with to to raise the money? Can you take your politics to another message board? This forum...
by AlohaJoe
Fri Nov 02, 2018 7:55 am
Forum: Investing - Theory, News & General
Topic: REITS have beaten other stocks for 50 years
Replies: 31
Views: 2965

Re: REITS have beaten other stocks for 50 years

Drawdowns are a tricky thing to think about. Yes, REITs had a bigger drawdown. But also note that at no point was a portfolio of REITs at a lower dollar figure than the comparison portfolios. Didn't it go lower dollar-wise in February 2009? It seems so from the chart. Indeed you are correct and I w...
by AlohaJoe
Fri Nov 02, 2018 6:34 am
Forum: Investing - Theory, News & General
Topic: REITS have beaten other stocks for 50 years
Replies: 31
Views: 2965

Re: REITS have beaten other stocks for 50 years

You need to look at max drawdown. That's what is terrifying. Drawdowns are a tricky thing to think about. Yes, REITs had a bigger drawdown. But also note that at no point was a portfolio of REITs at a lower dollar figure than the comparison portfolios. They "fell from a higher height". Would you ra...
by AlohaJoe
Fri Nov 02, 2018 5:28 am
Forum: Investing - Theory, News & General
Topic: REITS have beaten other stocks for 50 years
Replies: 31
Views: 2965

Re: REITS have beaten other stocks for 50 years

https://www.nytimes.com/2008/12/14/realestate/commercial/14sqft.html For the decade from 2000-2009 Vanguard's REIT fund returned 10.4%. Vanguard's TSM returned -0.27%. Even taking that 2008 article into account, an investment in REITs at the start of the decade would have left you with 3x the portf...
by AlohaJoe
Thu Nov 01, 2018 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Stock basis for widow
Replies: 32
Views: 1022

Re: Stock basis for widow

If you are audited "the broker reported the wrong basis" is not an acceptable defense. There's even a checkbox on Schedule D for "the broker reported the wrong basis". I can't see why the IRS would ever object to my modification of the basis. The brokerage is saying it $61/share. I'll say it's $31....
by AlohaJoe
Thu Nov 01, 2018 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Stock basis for widow
Replies: 32
Views: 1022

Re: Stock basis for widow

Has anyone had experience with getting a brokerage to modify what they show as the basis in the case of a spouse dying and joint property being held? Lots of people have experience with modifying the basis at a brokerage, though not necessarily under those circumstances. What did they say when you ...
by AlohaJoe
Thu Nov 01, 2018 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Stock basis for widow
Replies: 32
Views: 1022

Re: Stock basis for widow

Minnesota is not common law. Yes, It is. It’s not a community property state and therefore the common law rules apply. I would not “look a gift horse in the mouth” and leave the basis as it is now. Why would you want to question it? Gill If you are audited "the broker reported the wrong basis" is n...
by AlohaJoe
Thu Nov 01, 2018 1:20 am
Forum: Investing - Help with Personal Investments
Topic: retiring abroad with savings worth 200k...
Replies: 48
Views: 7174

Re: retiring abroad with savings worth 200k...

Hello. I am a single male(intent to stay single early 40's with savings around 200k all in a savings account currently. i am looking to move abroad and retire preferably puerto vallarta mexico and intent to live a modest simple life. expect my monthy expenses to be around 800-1000$ per month. wonde...
by AlohaJoe
Wed Oct 31, 2018 11:30 pm
Forum: Investing - Help with Personal Investments
Topic: retiring abroad with savings worth 200k...
Replies: 48
Views: 7174

Re: retiring abroad with savings worth 200k...

The 4% rule (or the 3% rule) and talk of Social Security are not meaningful in this scenario. Both of those things only deal with US inflation. Social Security, for instance, just adjusted by 2.9%. Inflation in Mexico over the past year was 5%. If you pretend that 2% gap is permanent (it isn't) the...
by AlohaJoe
Wed Oct 31, 2018 9:15 pm
Forum: Investing - Help with Personal Investments
Topic: retiring abroad with savings worth 200k...
Replies: 48
Views: 7174

Re: retiring abroad with savings worth 200k...

The 4% rule (or the 3% rule) and talk of Social Security are not meaningful in this scenario. Both of those things only deal with US inflation. Social Security, for instance, just adjusted by 2.9%. Inflation in Mexico over the past year was 5%. If you pretend that 2% gap is permanent (it isn't) then...
by AlohaJoe
Wed Oct 31, 2018 7:38 am
Forum: Personal Consumer Issues
Topic: If you just track NW on a spreadsheet....isn't that sufficient?
Replies: 18
Views: 2001

Re: If you just track NW on a spreadsheet....isn't that sufficient?

At the end of the day, what does my NW not tell me that Quicken does? Your net worth doesn't tell you if you have enough money in your checking account to pay your bills this month. That's obvious, right? So obviously you are already looking at things other than just your worth. People should track...