Search found 1296 matches

by EddyB
Sat May 23, 2020 12:04 pm
Forum: Investing - Theory, News & General
Topic: S&P500 vs World Performance
Replies: 145
Views: 8757

Re: S&P500 vs World Performance

Maybe the developed countries on the other side of the pond, though evolution of their societies have lost their competitive advantage. I remember when I needed a camshaft after a catastrophic failure :dollar in my Rossa Corsa Italian sports car, the dealer said he couldn't get one because Italy sh...
by EddyB
Fri May 22, 2020 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 299
Views: 20153

Re: The axe falls and I am prepared. What's next?

ram, There should be opportunities for me. But, it may not be worthwhile for me to take it. Those are the questions that I am trying to work out. KlangFool I think others have posted similar sentiments, but I think at this point the answer to your question is not financial but philosophical. What d...
by EddyB
Fri May 22, 2020 10:22 am
Forum: Personal Investments
Topic: Moved all Retirement Plans to Cash Last Wed Based on Tepper's Call
Replies: 95
Views: 11321

Re: Moved all Retirement Plans to Cash Last Wed Based on Tepper's Call

I'm retired. I did the same thing about a month ago after my portfolio had dropped about 12%. I recently talked to Vanguard and have decided to reinvest with a conservative portfolio. I've got enough money for spending this year in an Ally savings account which pays 1.25%. I have another 2 years sp...
by EddyB
Thu May 21, 2020 8:54 am
Forum: Personal Consumer Issues
Topic: Frequency of bike overhaul or tune up
Replies: 29
Views: 1666

Re: Frequency of bike overhaul or tune up

The price of the bike is irrelevant to the importance of making sure your bike is safe to ride. Namely, that your brakes work when you need them to and that your rims don’t explode from being worn too thin (assuming rim brakes), those are my main concerns. The other issues like shifting are more of...
by EddyB
Thu May 21, 2020 8:34 am
Forum: Personal Consumer Issues
Topic: Dual citizen, USA passport expiring, how to travel internationally
Replies: 72
Views: 3972

Re: Dual citizen, USA passport expiring, how to travel internationally

Good grief. What is all this "debate" about? As I mentioned much earlier in the thread, 8 USC 1185 provides in pertinent part that "it shall be unlawful for any citizen of the United States to depart from or enter, or attempt to depart from or enter, the United States unless he bears a valid United...
by EddyB
Wed May 20, 2020 5:48 pm
Forum: Personal Consumer Issues
Topic: Dual citizen, USA passport expiring, how to travel internationally
Replies: 72
Views: 3972

Re: Dual citizen, USA passport expiring, how to travel internationally

Slowtraveler wrote:
Wed May 20, 2020 5:04 pm
Maybe I got the name wrong but every time I leave a country, there is a person who looks at your passport for entry stamps and gives you an exit stamp. This is the exit I am referring to.
When you exit the US?
by EddyB
Wed May 20, 2020 10:45 am
Forum: Investing - Theory, News & General
Topic: S&P500 vs World Performance
Replies: 145
Views: 8757

Re: S&P500 vs World Performance

I'll stick with the overwhelming winner, the S&P 500 Index fund, until it's not the winner. Good luck with that. Investing in something until it is not the winner literally means you'll sell after it underperforms. The point is I've been in the S&P 500 for 20 years and it has been the clear winner....
by EddyB
Tue May 19, 2020 9:32 am
Forum: Personal Consumer Issues
Topic: Dual citizen, USA passport expiring, how to travel internationally
Replies: 72
Views: 3972

Re: Dual citizen, USA passport expiring, how to travel internationally

The way I see it is there no need for countries to issue new passports while international travel is shut down. Once covid settles down, then international travel can resume, then passport processing will re-start. Why would they issue passports now, good for 10 years, if you are prohibited for, pe...
by EddyB
Mon May 18, 2020 11:09 pm
Forum: Personal Consumer Issues
Topic: Dual citizen, USA passport expiring, how to travel internationally
Replies: 72
Views: 3972

Re: Dual citizen, USA passport expiring, how to travel internationally

Since the law (enforced or not) requires OP's family member to have a valid US passport to travel internationally by air and since OP says the family member does not NEED to travel but simply wants to travel to South America, then the simplest solution (which also encourages OP's young family membe...
by EddyB
Mon May 18, 2020 10:51 am
Forum: Investing - Theory, News & General
Topic: Wall Street says stocks are very overvalued
Replies: 45
Views: 3862

Re: Wall Street says stocks are very overvalued

https://www.bloomberg.com/news/articles/2020-05-13/wall-street-heavyweights-are-sounding-alarm-about-stock-prices article listed some big fund manager names.. is this a case of A: fund managers trying to depress the market for their gains (maybe some are looking to buy in again) or B: fund managers...
by EddyB
Sat May 16, 2020 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Turning 30. Living 30s without regrets
Replies: 87
Views: 9407

Re: Turning 30. Living 30s without regrets

Sounds like you are crushing it. Keep doing what you are doing financially. With your excellent start, unless you want to retire very early you don't need to increase your savings much at all. So as your income increases you'll be able to spend those increases. Enjoy your life, your family and keep...
by EddyB
Wed May 13, 2020 7:23 pm
Forum: Personal Consumer Issues
Topic: Dentist charges $10 for PPE
Replies: 234
Views: 10750

Re: Dentist charges $10 for PPE

Why is it that every business that passes their higher costs down to the consumer is seen as reasonable practice as pong as they are not providing healthcare. For some reason they are expected to just eat it. It’s as if all healthcare professionals are villainous scum who don’t deserve equal treatm...
by EddyB
Wed May 13, 2020 4:45 pm
Forum: Personal Consumer Issues
Topic: Dentist charges $10 for PPE
Replies: 234
Views: 10750

Re: Dentist charges $10 for PPE

Why is it that every business that passes their higher costs down to the consumer is seen as reasonable practice as pong as they are not providing healthcare. For some reason they are expected to just eat it. It’s as if all healthcare professionals are villainous scum who don’t deserve equal treatm...
by EddyB
Sat May 09, 2020 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: How to negotiate severance if laid off?
Replies: 75
Views: 6080

Re: How to negotiate severance if laid off?

Why would an employer pay that? I certainly wouldn't. Why would you want 1/3 of your pay at the end of your stint with the company anyway? As near as I can tell, most of a severance is just an employer that feels badly about having to let you go. Then there is a small part for business purposes--mi...
by EddyB
Sat May 09, 2020 11:04 am
Forum: Personal Consumer Issues
Topic: Percentage of savings to "prepping"?
Replies: 132
Views: 8259

Re: Percentage of savings to "prepping"?

For those Bogleheads that are also "preppers", what percentage of your annual savings do you divert to the prepper stockpile? If not a set percentage, is there some other standard that you apply for how much food, water, and other goods you store? For example, in a religious sect that I used to be ...
by EddyB
Thu May 07, 2020 4:22 pm
Forum: Investing - Theory, News & General
Topic: My theory about FIRE
Replies: 419
Views: 30536

Re: My theory about FIRE

You completely misunderstand why I-bankers and teachers, at the k-12 level, get paid vastly different wages. It's because teachers are government workers and their salaries are set by elected officials. If NYC's city council or the state legislature in Albany set the pay for I-bankers, I guarantee ...
by EddyB
Thu May 07, 2020 1:51 pm
Forum: Investing - Theory, News & General
Topic: My theory about FIRE
Replies: 419
Views: 30536

Re: My theory about FIRE

I'm not a troll. I do try... to not associate myself with people who have no passion for money these days. If the saying that you're the average of your 5 closest friends, then hanging out with these people is bad for you career wise. There is a perfectly logical reason. If you're working in a care...
by EddyB
Thu May 07, 2020 11:39 am
Forum: Personal Investments
Topic: Please help me get out of international
Replies: 64
Views: 3304

Re: Please help me get out of international

I can’t believe someone holding a mere 12% of international is freaking out. Cheers Thanks for the comment. Do you think I'm running around with my hair on fire? Also, thousands and thousands of dollars matter to some of us, especially those of us who don't make six figures. Not everyone here think...
by EddyB
Thu May 07, 2020 10:52 am
Forum: Personal Investments
Topic: Please help me get out of international
Replies: 64
Views: 3304

Re: Please help me get out of international

Yikes. Only 12% international and skittish about it. Will you be asking for help getting back into international if it does way better this decade (like it did during the 2000s)? You seem like a great candidate for a Target Date fund that will simplify and diversify for you. Why do you think I only...
by EddyB
Tue May 05, 2020 4:40 pm
Forum: Investing - Theory, News & General
Topic: My theory about FIRE
Replies: 419
Views: 30536

Re: My theory about FIRE

FIRE can mean different things to different people, there's no requirement that you retire in the traditional sense of the word and move to Florida or something. People get hung up on this. To me FIRE means I have the choice to hop out of the rat race when ever I want, and if I choose to still work...
by EddyB
Tue May 05, 2020 4:11 pm
Forum: Investing - Theory, News & General
Topic: My theory about FIRE
Replies: 419
Views: 30536

Re: My theory about FIRE

For the past 45 days or so I have had very [ very ] little work but still have been getting paid. Today I did some lawn work and made a sandwich and a fancy iced coffee. What I learned is that I'll be fine in retirement and FIRE certainly doesn't mean "retiring and doing something else", at least n...
by EddyB
Mon May 04, 2020 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe
Replies: 162
Views: 10091

Re: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe

It’s also predicated on USA experience, which is an outlier, look to Japan or germany over 100 years.... different SWR result. You don't think maybe Germany and Japan were the outliers over the past 100 years? Anything special happen to those countries some time in the past 100 years? Both hosted t...
by EddyB
Sat May 02, 2020 7:57 pm
Forum: Personal Investments
Topic: How long is this profit sustainable as a New Trader?
Replies: 55
Views: 3061

Re: How long is this profit sustainable as a New Trader?

Sounds like you substantially underperformed passive stock investing for the month of April. So rather than think in absolute percentages, imagine continuing to underperform by about a third, and think whether there might be a better (and simpler) way. I believe this is to another person? SPY close...
by EddyB
Sat May 02, 2020 7:32 pm
Forum: Personal Investments
Topic: How long is this profit sustainable as a New Trader?
Replies: 55
Views: 3061

Re: How long is this profit sustainable as a New Trader?

Sounds like you substantially underperformed passive stock investing for the month of April. So rather than think in absolute percentages, imagine continuing to underperform by about a third, and think whether there might be a better (and simpler) way.
by EddyB
Sat May 02, 2020 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 17339

Re: Quitting a job after two weeks: relocation expenses

I have done a terrible, massive mistake. I moved from a tech company in Silicon Valley to a hedge fund on the east coast, lured by the money (3x my current compensation if we include the bonus!). I relocated 3 weeks ago in a corporate housing rental, paid by them. Flight was expensed (business clas...
by EddyB
Fri May 01, 2020 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to lower tax on short term capital gains. Do conservation easements work?
Replies: 136
Views: 8875

Re: Trying to lower $800k tax on short term capital gains. Do conservation easements work?

Yep, get a good CPA. The conservation easement investment is shady, opperuntity zones might not be much better. I wonder if there is some real business investment like in a farm, where you could buy a bunch of equipment and then take accelerated depreciation? I have decided not to do CE. But accele...
by EddyB
Fri May 01, 2020 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Our company just closed our regional office permanently
Replies: 35
Views: 5395

Re: Our company just closed our regional office permanently

If full time remote working becomes more common then the completion for jobs will not just be from places like India but also less expensive areas within the US. Which is bad for some, but good for others. I have now spent more than half of my career working from home, the past several years 500 mi...
by EddyB
Fri May 01, 2020 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Trying to lower tax on short term capital gains. Do conservation easements work?
Replies: 136
Views: 8875

Re: Trying to lower $800k tax on short term capital gains. Do conservation easements work?

Buy a property with massive depreciation (e.g., lots of bonus depreciation that’s accelerated under the 2017 tax act), become a real estate professional, and the offset the depreciation against your capital gains? This is a completely new idea to me. Is this worthwhile or is it spend $1 to save .50...
by EddyB
Thu Apr 30, 2020 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to lower tax on short term capital gains. Do conservation easements work?
Replies: 136
Views: 8875

Re: Trying to lower $800k tax on short term capital gains. Do conservation easements work?

Buy a property with massive depreciation (e.g., lots of bonus depreciation that’s accelerated under the 2017 tax act), become a real estate professional, and the offset the depreciation against your capital gains? This is a completely new idea to me. Is this worthwhile or is it spend $1 to save .50...
by EddyB
Thu Apr 30, 2020 11:07 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to lower tax on short term capital gains. Do conservation easements work?
Replies: 136
Views: 8875

Re: Trying to lower $800k tax on short term capital gains. Do conservation easements work?

Buy a property with massive depreciation (e.g., lots of bonus depreciation that’s accelerated under the 2017 tax act), become a real estate professional, and the offset the depreciation against your capital gains?
by EddyB
Thu Apr 30, 2020 3:31 pm
Forum: Personal Consumer Issues
Topic: 20 AMP Plugs
Replies: 31
Views: 2062

Re: 20 AMP Plugs

My (dual boiler) espresso machine has a 20 amp plug.
by EddyB
Tue Apr 28, 2020 11:13 pm
Forum: Personal Investments
Topic: Why shouldn’t I do this?
Replies: 43
Views: 2352

Re: Why shouldn’t I do this?

Thinking this through, we are at 25% unemployment and those figures are low because so many can’t get through to benefits. There is no treatment, testing isn’t there, and no herd immunity seems to be possible because people can be reinfected. Oil is worthless, prices are dropping, profits are throu...
by EddyB
Tue Apr 28, 2020 12:45 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 5583
Views: 478844

Re: U.S. stocks continue to soar!

Will be a complete disaster for the bulls if they can't pump this up and close above 2,900! Moving the goalpost much? The main goalpost should be 2934.49 which is a 61.8% Fibonacci retracement. We’ve been around these levels for a few weeks and yet to push past that level. So there is a main goalpo...
by EddyB
Mon Apr 27, 2020 11:36 pm
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 19826

Re: Why am I even saving for retirement?

For those who are questioning the calculator, here is my raw data. If I am doing it wrong please let me know. My age is 34. Let me know what I'll be receiving at age 70 if I (a) stopped working now, (b) stopped working in 10 years, (c) stopped working in 25 years. My wife has very similar numbers, ...
by EddyB
Mon Apr 27, 2020 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: How do you explain no COVID19 Stimulus Payment?
Replies: 89
Views: 7144

Re: How do you explain no COVID19 Stimulus Payment?

“You wouldn’t actually accept that money, would you?”
by EddyB
Sun Apr 26, 2020 9:58 pm
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 19826

Re: Why am I even saving for retirement?

And the weird thing is, it makes my life feel less meaningful. i.e.I'm not working for that big goal anymore, I'm just passing the time til I'm old enough to stop. This. It requires one to reorient one’s life. I'm struggling with that. Typical advice is to "loosen the purse strings"; but mine weren...
by EddyB
Fri Apr 24, 2020 11:52 pm
Forum: Personal Finance (Not Investing)
Topic: physician/APC pay cuts
Replies: 133
Views: 9955

Re: physician/APC pay cuts

Oh, you didn’t know that the US government has been running at some deficit for a while? Yes. Adding healthcare workers to the gubmint teet will only make it worse. Not sure what point you're trying to make by being combative. You asked “which industries don’t require profits to survive?” Question ...
by EddyB
Fri Apr 24, 2020 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: physician/APC pay cuts
Replies: 133
Views: 9955

Re: physician/APC pay cuts

Which industries don't require profits to survive? I suspect you go to work every day for the same reason the nurses and docs do. You know there are government employees in the U.S., and that there are countries with government health providers. That doesn’t mean you want to do it, but why pretend ...
by EddyB
Fri Apr 24, 2020 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: physician/APC pay cuts
Replies: 133
Views: 9955

Re: physician/APC pay cuts

Another way to look at this (coming from a patient’s point of view) is that unfortunately docs are now experiencing the underside and vulnerabilities in the the US profit driven , fee for service healthcare system that has caused patients grief for decades. The healthcare system (employees or owner...
by EddyB
Fri Apr 24, 2020 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: physician/APC pay cuts
Replies: 133
Views: 9955

Re: physician/APC pay cuts

Another way to look at this (coming from a patient’s point of view) is that unfortunately docs are now experiencing the underside and vulnerabilities in the the US profit driven, fee for service healthcare system that has caused patients grief for decades. The healthcare system (employees or owners...
by EddyB
Fri Apr 24, 2020 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: physician/APC pay cuts
Replies: 133
Views: 9955

Re: physician/APC pay cuts

Another way to look at this (coming from a patient’s point of view) is that unfortunately docs are now experiencing the underside and vulnerabilities in the the US profit driven , fee for service healthcare system that has caused patients grief for decades. The healthcare system (employees or owner...
by EddyB
Fri Apr 24, 2020 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: physician/APC pay cuts
Replies: 133
Views: 9955

Re: physician/APC pay cuts

It’s ‘voluntary’ in the sense that if you don’t willingly agree to their new proposed salary you run the very real risk of being terminated instead. If that’s ok with you, then refuse the cut. Read the medscape article a few posts before mine. Your group is trying to get people to voluntarily agree...
by EddyB
Wed Apr 22, 2020 7:50 pm
Forum: Investing - Theory, News & General
Topic: The new Bull Market Official Thread
Replies: 11
Views: 1211

Re: The new Bull Market Official Thread

The S&P 500 hit a low of 2,191.86 on 3/23/2020. I've heard several investors say the new bull market has officially started and stocks are still inexpensive. Is the only way to tell that the new Bull market has started is to wait for several more months / years to make sure another significant drop...
by EddyB
Wed Apr 22, 2020 6:47 pm
Forum: Investing - Theory, News & General
Topic: Future 60/40 Portfolio has a 43% Chance of Failing with 4% Withdrawal Rate
Replies: 622
Views: 31393

Re: Future 60/40 Portfolio has a 43% Chance of Failing with 4% Withdrawal Rate

Even though I'm planning on retiring at around age 52, we'll probably start our withdrawals at around 4%. We can go that high because SS benefits, even with the anticipated 20% reduction in benefits by the SSA under current law, will cover all of our essential spending from age 70 onward. So our po...
by EddyB
Wed Apr 22, 2020 3:26 pm
Forum: Personal Consumer Issues
Topic: Replacement for 4Runner
Replies: 70
Views: 4143

Re: Replacement for 4Runner

T4REngineer wrote:
Wed Apr 22, 2020 12:38 pm
Something is off - No head room issues for myself (5'10) or my wife (5'12) and we both drive 5th gen 4runners w/ Sunroofs ....
Does she object to being described as a six footer?
by EddyB
Wed Apr 22, 2020 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Expert Consultant: $110 / hr??
Replies: 70
Views: 6431

Re: Expert Consultant: $110 / hr??

It has to depend on the subject matter, doesn't it?
The odds are high that the bank is willing to pay more than ten times that rate for some of its outside advice (e.g., legal).
by EddyB
Wed Apr 22, 2020 9:43 am
Forum: Investing - Theory, News & General
Topic: Future 60/40 Portfolio has a 43% Chance of Failing with 4% Withdrawal Rate
Replies: 622
Views: 31393

Re: Future 60/40 Portfolio has a 43% Chance of Failing with 4% Withdrawal Rate

Oh, just for fun, I plugged in 4% withdrawals on $1 million in VWEHX starting Jan 2000, and today after 20 years, you'd still have $1,166,000. After pulling $40,000 a year (plus inflation each year) for 20 years, you'd have MORE money than you started with... But you’re supposed to take 6% like his...
by EddyB
Tue Apr 21, 2020 11:52 pm
Forum: Personal Consumer Issues
Topic: Should I buy a new rice cooker from Zojirushi?
Replies: 75
Views: 5679

Re: Should I buy a new rice cooker from Zojirushi?

We use an instant pot for rice. Brown rice, white rice, risotto. Also steel cut oats most mornings. It works great, it perfectly consistent, is scaleable, is very easy. Rice cookers are nice but Instant Pots are cheap and much more versatile. Can you make biryani in a rice cooker? Mashed potatoes? ...
by EddyB
Tue Apr 21, 2020 12:57 pm
Forum: Investing - Theory, News & General
Topic: Are we better off now than Dec 2018?
Replies: 176
Views: 11211

Re: Are we better off now than Dec 2018?

What I am doing is a marketwide version of "I am not buying XYZ.com because I believe it to be overvalued". Or the same thing but I am selling it for the same reason. Do you all believe that you cannot time the purchase or sale of an individual stock? The market knows all? Not really. Sometimes it ...
by EddyB
Sat Apr 18, 2020 10:32 pm
Forum: Investing - Theory, News & General
Topic: Future 60/40 Portfolio has a 43% Chance of Failing with 4% Withdrawal Rate
Replies: 622
Views: 31393

Re: Future 60/40 Portfolio has a 43% Chance of Failing with 4% Withdrawal Rate

i'm 66 and think turning my back on the roughly 8% growth/yr i get on my ss full retirement amount pretty hard to do i'd also be turning my back on 4 yrs of 401k contributions by my employer to the tune of 8% of my salary i'd also be turning my back on about 48 more months of roth ira investments t...