Search found 4899 matches

by TheTimeLord
Fri Dec 22, 2017 11:07 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in Freefall
Replies: 90
Views: 5848

Re: Bitcoin in Freefall

david wrote:
Fri Dec 22, 2017 10:50 am
Livesoft, is this an RBD for BTC? Alt-coins? I think we need an official ruling.
Livesoft will only respond if you call it Tulipcoin.
by TheTimeLord
Fri Dec 22, 2017 11:06 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in Freefall
Replies: 90
Views: 5848

Re: Bitcoin in Freefall

Keepcalm wrote:
Fri Dec 22, 2017 10:44 am
TheTimeLord wrote:
Fri Dec 22, 2017 10:44 am
Keepcalm wrote:
Fri Dec 22, 2017 10:41 am
I bought in at -35% it’s now back to -5%
Not according to Coinbase.
−15.89%
SINCE YESTERDAY (%)
GBTC
That makes sense, the premium on that was absurd.
by TheTimeLord
Fri Dec 22, 2017 11:04 am
Forum: Personal Finance (Not Investing)
Topic: A meal with friends yields a financial revelation
Replies: 95
Views: 11732

Re: A meal with friends yields a financial revelation

I'm just wondering who all believes TheTimeLord actually has a "crystal clear" financial picture now? So, we will see no more threads about the latest bucket plan, or when to retire? Can we sticky this one somehow to reference for TiimeLord? :happy Let me apologize for what I perceived as attemptin...
by TheTimeLord
Fri Dec 22, 2017 10:44 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in Freefall
Replies: 90
Views: 5848

Re: Bitcoin in Freefall

Keepcalm wrote:
Fri Dec 22, 2017 10:41 am
I bought in at -35% it’s now back to -5%
Not according to Coinbase.
−15.89%
SINCE YESTERDAY (%)
by TheTimeLord
Fri Dec 22, 2017 10:00 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in Freefall
Replies: 90
Views: 5848

Re: Bitcoin in Freefall

It is interesting seeing the reaction here given this isn't an uncommon event in the world of Bitcoin. So I would guess if you want to own Bitcoin you need to be prepared for these types of events on a regular basis. https://www.forbes.com/sites/timothylee/2013/04/11/an-illustrated-history-of-bitcoi...
by TheTimeLord
Fri Dec 22, 2017 9:22 am
Forum: Personal Finance (Not Investing)
Topic: A meal with friends yields a financial revelation
Replies: 95
Views: 11732

Re: A meal with friends yields a financial revelation

. . . . I have posted about what I consider the 3 levels of Financial Independence before and to me this is the embodiment of the third level, what I call abundance. Currently, I am not at that level but it is definitely achievable in a reason time frame. . . . Perhaps I missed this, but where can ...
by TheTimeLord
Fri Dec 22, 2017 12:02 am
Forum: Investing - Theory, News & General
Topic: Speculation
Replies: 16
Views: 1332

Re: Speculation

Investments and Speculation Speculation is a separate activity from making an investment. Investing involves the purchase of assets with the intent of holding them for the long-term, while speculation involves attempting to capitalize on market inefficiencies for short-term profit. Ownership is gen...
by TheTimeLord
Thu Dec 21, 2017 2:56 pm
Forum: Investing - Theory, News & General
Topic: Speculation
Replies: 16
Views: 1332

Re: Speculation

Whether bitcoin/gold/currency... are speculation or investing by one person or another's definition doesn't change one iota about whether you should or should not put your money into these things to try and get a profit. Word parsing doesn't change the risk profile. +100. To me this is really what ...
by TheTimeLord
Thu Dec 21, 2017 2:45 pm
Forum: Investing - Theory, News & General
Topic: Fidelity/NetBenefits vs. Vanguard vs. Schwab--Best Online 401k Account Management Website
Replies: 10
Views: 984

Re: Fidelity/NetBenefits vs. Vanguard vs. Schwab--Best Online 401k Account Management Website

Personally I have had all 3 and prefer Fidelity. I don't know how a Fidelity office interacts with a company 401K, but they have been very helpful and have been useful in expediting the occasional form for me in regards to my Solo 401k.
by TheTimeLord
Thu Dec 21, 2017 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: Any downside to rolling over IRA to Solo 401K?
Replies: 3
Views: 182

Any downside to rolling over IRA to Solo 401K?

For purposes of having the option of doing backdoor Roths in the future I am considering rolling over my IRA, in kind, into my Solo 401K. They are held at the same entity so I can rollover in kind and my investment options remain the same. Would there be any potential downsides to this rollover?
by TheTimeLord
Thu Dec 21, 2017 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: A meal with friends yields a financial revelation
Replies: 95
Views: 11732

Re: A meal with friends yields a financial revelation

I have posted about what I consider the 3 levels of Financial Independence before and to me this is the embodiment of the third level, what I call abundance. I think there is a fourth level of financial independence that has a profoundly powerful effect on the world in which we live: 4) Keeping sco...
by TheTimeLord
Thu Dec 21, 2017 2:21 pm
Forum: Investing - Theory, News & General
Topic: Speculation
Replies: 16
Views: 1332

Re: Speculation

Many recent threads relating to bitcoin refer to participating in it as "speculation", not an investment. One of the definitions of speculation is "investment in stocks, property, or other ventures in the hope of gain but with the risk of loss". In the extreme, this could apply to equity/bond index...
by TheTimeLord
Thu Dec 21, 2017 10:56 am
Forum: Investing - Theory, News & General
Topic: Speculation
Replies: 16
Views: 1332

Re: Speculation

Many recent threads relating to bitcoin refer to participating in it as "speculation", not an investment. One of the definitions of speculation is "investment in stocks, property, or other ventures in the hope of gain but with the risk of loss". In the extreme, this could apply to equity/bond index...
by TheTimeLord
Thu Dec 21, 2017 12:06 am
Forum: Personal Finance (Not Investing)
Topic: A meal with friends yields a financial revelation
Replies: 95
Views: 11732

Re: A meal with friends yields a financial revelation

I thought the other people would hit you up for money or tell you about their money problems that is what usually happens to me. Based on the thread title, I, too, was expecting something different in the post. I was hoping TL enjoyed a conversation where he learned something new from his/her frien...
by TheTimeLord
Wed Dec 20, 2017 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: A meal with friends yields a financial revelation
Replies: 95
Views: 11732

Re: A meal with friends yields a financial revelation

The real question is "can you afford to do this every single month? every single week? 3 times a week?" Don't you think it is not enough to feel financially secure unless you can do it as often as you want rather being limited to once in a blue moon? Remember, once you retire, you are no longer ear...
by TheTimeLord
Wed Dec 20, 2017 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: A meal with friends yields a financial revelation
Replies: 95
Views: 11732

Re: A meal with friends yields a financial revelation

I understand your point that it is nice not to worry about finances. However it is not a good mentality to have where you just hand over the plastic no matter how well off you are. You should always pay attention to how much you are paying and whether it is a fair price particularly food and drink ...
by TheTimeLord
Wed Dec 20, 2017 5:11 pm
Forum: Investing - Theory, News & General
Topic: Only buying stocks during a recession/downturn
Replies: 14
Views: 1665

Re: Only buying stocks during a recession/downturn

Through July the best performing stock market this year was Ghana. Betting you won't find one post here making that call. https://www.bloomberg.com/news/articles/2017-07-25/deep-rate-cut-may-fuel-rally-that-made-ghana-stocks-world-s-best I remember a lengthy thread where a guy was advocating Nigeri...
by TheTimeLord
Wed Dec 20, 2017 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: A meal with friends yields a financial revelation
Replies: 95
Views: 11732

Re: A meal with friends yields a financial revelation

The company + the meal + uniqueness/frequency + financial independence = Joyful moment If you change any of the variables it may not be as special. If you do this 20 days of each month, you may begin to loathe the occasions. Happy it was an enjoyable situation. Good reminder of thinking about the i...
by TheTimeLord
Wed Dec 20, 2017 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: A meal with friends yields a financial revelation
Replies: 95
Views: 11732

Re: A meal with friends yields a financial revelation

Perhaps you should be concerned that your "true sense of freedom" was associated with "the swipe of a card." This is the objective of credit card marketing; they seek those who purchase with "no thoughts about the total." Your "crystal clear picture" is very murky to me. Fidelity gives me 2% cash b...
by TheTimeLord
Wed Dec 20, 2017 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: A meal with friends yields a financial revelation
Replies: 95
Views: 11732

Re: A meal with friends yields a financial revelation

GoldenFinch wrote:
Wed Dec 20, 2017 1:56 pm
Looks like the TimeLord has stepped into his well planned and carefully orchestrated future.

:beer
I would probably say over planned, but Thank You very much. A good plan still requires a fair amount of good fortune along the way.
by TheTimeLord
Wed Dec 20, 2017 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: A meal with friends yields a financial revelation
Replies: 95
Views: 11732

Re: A meal with friends yields a financial revelation

As with many people, the holidays are a time we catch up with old friends who are in town visiting family. Last night we had the pleasure of joining two such friends for dinner at a nice restaurant. We had a lovely time and very much enjoyed the evening and their company. Our bill was 2 or 3 times ...
by TheTimeLord
Wed Dec 20, 2017 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: A meal with friends yields a financial revelation
Replies: 95
Views: 11732

Re: A meal with friends yields a financial revelation

Don't most studies show that people spend LESS in retirement than they thought they would? I think you're trying to say that you are planning on spending MORE in retirement, just so that you can justify staying at work longer and letting your balances rise. (ergo One More Year) Wait until the next ...
by TheTimeLord
Wed Dec 20, 2017 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: A meal with friends yields a financial revelation
Replies: 95
Views: 11732

Re: A meal with friends yields a financial revelation

Don't most studies show that people spend LESS in retirement than they thought they would? I think you're trying to say that you are planning on spending MORE in retirement, just so that you can justify staying at work longer and letting your balances rise. (ergo One More Year) Wait until the next ...
by TheTimeLord
Wed Dec 20, 2017 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: A meal with friends yields a financial revelation
Replies: 95
Views: 11732

Re: A meal with friends yields a financial revelation

Time Lord, Nice post. I guess we have achieved sufficient abundance to be at the 3rd level you mention. Still live reasonably frugally day-to-day (more out of habit and predisposition than necessity) but don't hesitate to splurge for a reunion with old friends, a special occasion or a trip. It is d...
by TheTimeLord
Wed Dec 20, 2017 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: A meal with friends yields a financial revelation
Replies: 95
Views: 11732

Re: A meal with friends yields a financial revelation

Nicolas wrote:
Wed Dec 20, 2017 12:20 pm
Please separate your text into paragraphs. It's difficult to read it the way you presented it.
Honestly be thankful there was more than one sentence. I am sure if you could have seen my hand gestures and whiteboard while reading it would have been easier to follow.
by TheTimeLord
Wed Dec 20, 2017 11:20 am
Forum: Investing - Theory, News & General
Topic: Only buying stocks during a recession/downturn
Replies: 14
Views: 1665

Re: Only buying stocks during a recession/downturn

Through July the best performing stock market this year was Ghana. Betting you won't find one post here making that call.


https://www.bloomberg.com/news/articles ... rld-s-best
by TheTimeLord
Wed Dec 20, 2017 11:01 am
Forum: Personal Finance (Not Investing)
Topic: A meal with friends yields a financial revelation
Replies: 95
Views: 11732

A meal with friends yields a financial revelation

As with many people, the holidays are a time we catch up with old friends who are in town visiting family. Last night we had the pleasure of joining two such friends for dinner at a nice restaurant. We had a lovely time and very much enjoyed the evening and their company. Our bill was 2 or 3 times w...
by TheTimeLord
Tue Dec 19, 2017 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Memories over money
Replies: 40
Views: 2788

Re: Memories over money

I have traveled to some non-standard places in the world, most of which were not done frugally, but would not trade the memories for the money the ticket prices would have made if invested. I absolutely believe everyone should be financially responsible and save, but also believe life only happens i...
by TheTimeLord
Tue Dec 19, 2017 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Memories over money
Replies: 40
Views: 2788

Re: Memories over money

Our Disney trip last year was close to $5000. That $5000 could probably have grown to $25,000 in 10 years. What?!?!?!? If you grow your money 5x every 10 years I don't think you need to worry about spending. prob·a·ble adjective: probable 1. likely to be the case or to happen. My VTI holdings more ...
by TheTimeLord
Tue Dec 19, 2017 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Memories over money
Replies: 40
Views: 2788

Re: Memories over money

rashad3000 wrote:
Tue Dec 19, 2017 11:13 am
Our Disney trip last year was close to $5000. That $5000 could probably have grown to $25,000 in 10 years.
What?!?!?!? If you grow your money 5x every 10 years I don't think you need to worry about spending.


prob·a·ble

adjective: probable
1. likely to be the case or to happen.
by TheTimeLord
Mon Dec 18, 2017 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: Intermediate Bond Fund with upcoming Fed hikes
Replies: 11
Views: 1674

Re: Intermediate Bond Fund with upcoming Fed hikes

On the day of the December 2016 interest rate increase, Total Bond went up. On the day of the December 2017 interest rate increase, Total Bond went up. The worst ever calendar year loss of Total Bond was -2.9% Let's be clear on what rate the Federal Reserve effects when they hike rates. It should b...
by TheTimeLord
Mon Dec 18, 2017 11:00 am
Forum: Investing - Theory, News & General
Topic: Is Menards the future of retail? If so, what does it mean?
Replies: 37
Views: 2403

Re: Is Menards the future of retail? If so, what does it mean?

I feel that the OP really enjoys shopping at Menards, and is contemplating buying stock in Menard's because he thinks that the Menard's model will be successful, the company will grow, and the stock price will go up. And perhaps, the OP is seeking validation from us that his opinion is accurate. My...
by TheTimeLord
Mon Dec 18, 2017 9:28 am
Forum: Investing - Theory, News & General
Topic: Is Menards the future of retail? If so, what does it mean?
Replies: 37
Views: 2403

Re: Is Menards the future of retail? If so, what does it mean?

Costco's store brand is legendary for quality, Amazon is actively in the process of launching their own private labels at multiple price points.
by TheTimeLord
Mon Dec 18, 2017 9:04 am
Forum: Investing - Theory, News & General
Topic: Call the top! - Bitcoin
Replies: 180
Views: 17063

Re: Call the top! - Bitcoin

A couple of you were asking "which bitcoin price". My OP listed the aggregate price listed on http://winkdex.com as our single source of truth. Ironically, after over a year of providing an aggregate price, they took that down and says their XBT "Bitcoin Futures Contracts" is "coming soon". So I ca...
by TheTimeLord
Sat Dec 16, 2017 5:35 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on food per month, per person?
Replies: 151
Views: 8950

Re: How much do you spend on food per month, per person?

Judging by the numbers this thread does not contain any Starbucks regulars.
by TheTimeLord
Sat Dec 16, 2017 4:51 pm
Forum: Investing - Theory, News & General
Topic: Is anyone putting money aside into Gold?
Replies: 107
Views: 8202

Re: Is anyone putting money aside into Gold?

Looking at historical returns of gold, it's a terrible investment. While true, it has always been worth something and was recognized for its beauty and rarity since before the Egyptians, it's not something that provides practical value in today's digital world. Virtually no merchant out there will ...
by TheTimeLord
Sat Dec 16, 2017 2:29 pm
Forum: Investing - Theory, News & General
Topic: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?
Replies: 42
Views: 1799

Re: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?

Putting 10 years expenses into fixed income and then spending solely from that bucket over the first 10 years of retirement with the remaining assets in equities is just using mental accounting to describe a rising equity glidepath. Going with a conservative AA upon retirement and then gradually ra...
by TheTimeLord
Sat Dec 16, 2017 1:51 pm
Forum: Investing - Theory, News & General
Topic: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?
Replies: 42
Views: 1799

Re: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?

Putting 10 years expenses into fixed income and then spending solely from that bucket over the first 10 years of retirement with the remaining assets in equities is just using mental accounting to describe a rising equity glidepath. Going with a conservative AA upon retirement and then gradually ra...
by TheTimeLord
Sat Dec 16, 2017 1:18 pm
Forum: Investing - Theory, News & General
Topic: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?
Replies: 42
Views: 1799

Re: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?

Here's a back of the envelope golf pencil scribble. 120 mos = 10 years expenses. = 10X At $100k/year expenses, that's 1 million dollars in fixed income. Then 100% equities. If a 50/50 allocation that's 2 million. Spending the first 50% in 10 years on the fixed side. Or. 1 million in fixed. Then, "p...
by TheTimeLord
Sat Dec 16, 2017 1:00 pm
Forum: Investing - Theory, News & General
Topic: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?
Replies: 42
Views: 1799

Re: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?

As a future early retiree I have been spending far too much time and effort trying to figure out an AA while balancing income needs for the years before FRA with those after once we start receiving SS and small pensions. So I think I am settling on something like 120 months (10 years) of full expen...
by TheTimeLord
Sat Dec 16, 2017 12:57 pm
Forum: Investing - Theory, News & General
Topic: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?
Replies: 42
Views: 1799

Re: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?

You're not retiring. Early. Or ever, it seems. You spend all of your time thinking, and planning it, have more than enough money to pull the cord, yet do not. I truly hope that you do not become one of the horribly sad and ironic tales of someone who has a health issue within months of retirement a...
by TheTimeLord
Sat Dec 16, 2017 12:52 pm
Forum: Investing - Theory, News & General
Topic: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?
Replies: 42
Views: 1799

Re: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?

chevca wrote:
Sat Dec 16, 2017 12:41 pm
I can't help but think, the quest for the perfect plan is the enemy of a good plan.
A true and applicable observation, this plan is intended to be a departure from that tendency.
by TheTimeLord
Sat Dec 16, 2017 12:50 pm
Forum: Investing - Theory, News & General
Topic: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?
Replies: 42
Views: 1799

Re: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?

Unless someone is very wealthy or poor, I don't see a need to deviate from a traditional retirement allocation. If you're very rich, you can afford to be very conservative or aggressive. If you haven't saved enough, you likely have to be more aggressive or delay retirement. 10 years in fixed income...
by TheTimeLord
Sat Dec 16, 2017 12:21 pm
Forum: Investing - Theory, News & General
Topic: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?
Replies: 42
Views: 1799

Re: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?

OP, Yes if the 100/0 portion represents 30 or more years of annual expense. Then, even if the market drop by 50%, you still have 25 years of expense. KlangFool I guess I am not really worrying about addressing the edge case of all equity markets I am invested in dropping by 50% and staying there fo...
by TheTimeLord
Sat Dec 16, 2017 11:12 am
Forum: Investing - Theory, News & General
Topic: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?
Replies: 42
Views: 1799

Re: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?

Kudos for having it so well thought out, "TimeLord". I've been following your "mental math" (buckets) for awhile and while it makes sense and seems very viable, I wonder if it's an attempt to optimize "6" or a "half dozen". . otherwise known as "splitting hairs". To simply have a comprehensive over...
by TheTimeLord
Sat Dec 16, 2017 10:55 am
Forum: Investing - Theory, News & General
Topic: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?
Replies: 42
Views: 1799

Re: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?

OP, Yes if the 100/0 portion represents 30 or more years of annual expense. Then, even if the market drop by 50%, you still have 25 years of expense. KlangFool I guess I am not really worrying about addressing the edge case of all equity markets I am invested in dropping by 50% and staying there fo...
by TheTimeLord
Sat Dec 16, 2017 10:50 am
Forum: Investing - Theory, News & General
Topic: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?
Replies: 42
Views: 1799

Re: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?

I think you're overanalyzing it in a way that isn't that helpful. What would this allocation be including fixed income? If it's close to the Target Date Funds, it's good. Personally, I see no reason to believe a generic target date fund would be able to accurately divine an individual's AA. I don't...
by TheTimeLord
Sat Dec 16, 2017 10:26 am
Forum: Investing - Theory, News & General
Topic: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?
Replies: 42
Views: 1799

Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?

As a future early retiree I have been spending far too much time and effort trying to figure out an AA while balancing income needs for the years before FRA with those after once we start receiving SS and small pensions. So I think I am settling on something like 120 months (10 years) of full expens...
by TheTimeLord
Wed Dec 13, 2017 3:19 pm
Forum: Investing - Theory, News & General
Topic: Tilting sectors, regions and countries? Which ones.
Replies: 14
Views: 947

Re: Tilting sectors, regions and countries? Which ones.

As far as regions and countries, I overweight emerging and developed ex-US markets, and among individual countries I overweight the PIGS and Eastern Europe. For sectors, just an overweight to energy and precious metals equities (which is really a sub-sector of materials), as I don't see enough diff...
by TheTimeLord
Tue Dec 12, 2017 7:07 pm
Forum: Investing - Theory, News & General
Topic: Tilting sectors, regions and countries? Which ones.
Replies: 14
Views: 947

Re: Tilting sectors, regions and countries? Which ones.

.. am looking at underweighting energy and consumer staples and overweighting technology and consumer discretionary ... Interesting. With valuations where they are today in technology I would be tempted to do the opposite to you here assuming technology have had a good run up (led by FAANG stocks)....