Search found 147 matches

by BrooklynInvest
Wed Jan 16, 2019 8:28 pm
Forum: Investing - Theory, News & General
Topic: The Worth Of A Man: A Tribute To John C. Bogle
Replies: 44
Views: 4977

Re: The Worth Of A Man: A Tribute To John C. Bogle

A great article Rick - thank you. Am deeply saddened by his loss but eternally grateful for his contribution to society and my account balance. A titan. Was trying to think about what I could do in his honor and I'm gonna drink a good glass of my (moderately) expensive bourbon while making an additi...
by BrooklynInvest
Sun Jan 13, 2019 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Took on too much mortgage, seeking advice on where to put money going forward
Replies: 46
Views: 5230

Re: Took on too much mortgage, seeking advice on where to put money going forward

OP, Sounds familiar. Many years ago I was in your age and in similar condition. Some suggestions - 1. Don't worry. As long as you're contributing to 401k, not racking up credit card bills, making your payments AND having some fun, don't see anything to lose sleep over 2. But set yourself a target an...
by BrooklynInvest
Sun Jan 13, 2019 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: Real estate as part of overall investment plan
Replies: 37
Views: 2612

Re: Real estate as part of overall investment plan

Guess I'm a small scale RE investor - have a 2-family house in HCOL area. Overall it's been great and worked out as an investment. Pros - Cash flow is about a fifth of total income Allowed me to buy the space I wanted in the location I wanted My tenants are below me Cons - It's double the household ...
by BrooklynInvest
Sun Jan 13, 2019 6:26 pm
Forum: Investing - Theory, News & General
Topic: pros and cons of target date funds?
Replies: 71
Views: 8441

Re: pros and cons of target date funds?

I'm a convert to TDF. As I got closer to retirement I slowly allocated from very high equity exposure to a TDF that's aligned to when I need to make RMDs rather than actual retirement date. With hindsight would have been simpler to have TDF augmented with allocation to S&P index (given my risk toler...
by BrooklynInvest
Sat Jan 12, 2019 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 90
Views: 10240

Re: Millionaire by 40 and How you Did it?

1. Got lucky by making major financial mistakes (divorce, tech stocks) early and recovered 2. Worked hard, got an MBA at night, maximized opportunities for salary increases 3. Invested prudently and improved knowledge over time 4. Got lucky and bought real estate in Brooklyn 5. Got lucky and didn't ...
by BrooklynInvest
Sat Jan 12, 2019 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions on secular donations & time donations
Replies: 22
Views: 1196

Re: Suggestions on secular donations & time donations

I donate to the Osborne Association.

They have a number of programs that help the families of people that are incarcerated. Including funding and organizing visits for their children who, through no fault of their own, face challenges and difficulty.
by BrooklynInvest
Mon Jan 07, 2019 8:03 pm
Forum: Personal Consumer Issues
Topic: 11 days in Europe...Budget and logistical advice please
Replies: 90
Views: 4722

Re: 11 days in Europe...Budget and logistical advice please

Jealous!!! Couple of suggestions - For that amount of time, could do 2-3 locations. Try the trains. Paris to London a doddle these days via the chunnel. Trains aren't cheap but the logistics are easier than airports (even though every major European airport has good transportation.) End of August co...
by BrooklynInvest
Sun Dec 23, 2018 10:12 am
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Present To You
Replies: 108
Views: 11189

Re: My Christmas Present To You

Merry christmas Taylor - and thank you sir. We are all in your debt.
by BrooklynInvest
Sat Dec 15, 2018 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Obamacare (ACA) Ruled Unconstitutional by Texas Federal Court
Replies: 190
Views: 14496

Re: Obamacare (ACA) Ruled Unconstitutional by Texas Federal Court

If you are responsible and are continuously covered by health insurance, as you should be, what is the concern about preexisting conditions? Can someone please explain? This is a good question. My guess is that confusion would ensue as this gets answered. . . perhaps 50 times. But plans are renewed...
by BrooklynInvest
Fri Dec 14, 2018 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Forgoing health insurance
Replies: 112
Views: 5260

Re: Forgoing health insurance

There are almost no circumstances where I would voluntarily be without health insurance.
by BrooklynInvest
Tue Dec 11, 2018 9:26 pm
Forum: Investing - Theory, News & General
Topic: Article: Your love of index funds is terrible for our economy
Replies: 62
Views: 7347

Re: Article: Your love of index funds is terrible for our economy

"Index funds contribute to market melt-ups and meltdowns" How? Surely momentum trading does far more damage in this case? Even though index funds are massive, they're a small part of overall daily trading activity no? Index funds reduce the quality of stock analysis My mum told me that if I didn't ...
by BrooklynInvest
Tue Dec 11, 2018 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 22084

Re: What percentage of your net worth is your home equity?

More than 60% of net worth.

I guess I bought too much house ;-)
by BrooklynInvest
Thu Dec 06, 2018 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance for FIRE [Financial Independence Retire Early]
Replies: 83
Views: 6578

Re: Health insurance for FIRE

My concern isn't just the cost, it's that if insurers can go back to discriminating against people with preexisting conditions then we could wind up uncovered despite being nominally "insured." Hopefully things will stabilize in the next 3 years. We always have the option of moving to Europe but not...
by BrooklynInvest
Sun Dec 02, 2018 8:01 am
Forum: Investing - Help with Personal Investments
Topic: Considering residential real estate investment
Replies: 74
Views: 5351

Re: Considering residential real estate investment

Landlording is an extra job. Question is whether you want an additional job that pays what it pays. I bought a 2-family home in a very HCOL area and my extra job has paid well, but there are times (difficult tenants, usual household maladies x2 etc) when it can feel otherwise.I have the benefit (?) ...
by BrooklynInvest
Sat Dec 01, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: United HealthCare
Replies: 27
Views: 2029

Re: United HealthCare

I have UHC. One of two terrible and expensive options my megacorp offers.

Their CEOs have historically been staggeringly well compensated, even by America standards. Based on my experience, I'd prefer more of that money going to, well, healthcare.
by BrooklynInvest
Sat Dec 01, 2018 12:07 pm
Forum: Investing - Theory, News & General
Topic: Why did the bond market lose money this year
Replies: 39
Views: 3632

Re: Why did the bond market lose money this year

I'd think bond prices would fall if rates rise more than the market already expects them to rise. Investors will lose money if those capital losses are greater than the coupons they receive. BUT . . . the fun part about bond funds is that when/if coupons are reinvested, they're reinvested at higher ...
by BrooklynInvest
Sat Dec 01, 2018 11:50 am
Forum: Investing - Theory, News & General
Topic: Stock Buybacks Don't Increase Share Prices
Replies: 33
Views: 2824

Re: Stock Buybacks Don't Increase Share Prices

Part of the reason that stock buybacks CAN increase stock price is qualitative no? If a company has $100 and spends it repurchasing stock it is in effect saying the stock is undervalued and that the best return on that $100 is within the firm itself. This signal, to the folks that do this kinda thin...
by BrooklynInvest
Wed Nov 28, 2018 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Rent v. buy in NYC
Replies: 34
Views: 3638

Re: Rent v. buy in NYC

One additional point OP. Assume some semblance of gains over the long term on the property itself, say that keeps up with inflation for arguments sake. The challenge is that the maintenance increases. So the smaller the maintenance relative to the purchase price the better you might be gain-wise ove...
by BrooklynInvest
Wed Nov 28, 2018 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Restaurant Budget
Replies: 113
Views: 6748

Re: Restaurant Budget

I'd echo what others have said. If you're maxing out 401k and such, have at it. That said, I did overdo things in this regard when I was your age. Wife and I were working long hours and unwinding with dinner and drinks out more often than we should. Today I don't economize when we go out BUT we do m...
by BrooklynInvest
Sat Nov 24, 2018 11:13 am
Forum: Personal Consumer Issues
Topic: What’s your “barometer” for luxury purchases?
Replies: 72
Views: 5571

Re: What’s your “barometer” for luxury purchases?

My calculus for luxury purchases is this -

1. How long do I have to work to save (after tax) the amount in question?

2. If I'm cool with that I buy

So generally I don't buy too much ;-)
by BrooklynInvest
Sat Nov 17, 2018 9:49 am
Forum: Personal Finance (Not Investing)
Topic: New job concerns
Replies: 52
Views: 5513

Re: New job concerns

The first few months at a new job are when reputations are made. What do you want your reputation to be? "I really don't care 'cause the job bites" is a reasonable response, and one I've used, but if you either want or need this job then my only suggestion is to play the game. At a new role my defau...
by BrooklynInvest
Sun Nov 11, 2018 1:49 pm
Forum: Local Chapters and Bogleheads Community
Topic: Armistice Day - 100 years ago today, the ending of World War One
Replies: 10
Views: 812

Re: Armistice Day - 100 years ago today, the ending of World War One

For any history buffs, pictures of the letter and scroll that (British) families got from King George when they lost a loved one. My great grandfather was killed in France.

https://www.johnwilkens.nyc/random#1
by BrooklynInvest
Sat Nov 10, 2018 11:50 am
Forum: Investing - Theory, News & General
Topic: Do you prefer etfs or mutual funds?
Replies: 52
Views: 4848

Re: Do you prefer etfs or mutual funds?

I have absolutely no need for intra-day trading that ETFs allow for Tax advantages aren't a given with ETFs - they CAN be a bit more tax efficient in some instances (someone'll correct me if I'm wrong) Fees and expense ratios matter a lot to me - but only to a point. I tend to lose interest if we're...
by BrooklynInvest
Thu Nov 01, 2018 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Is an MBA worth it these days?
Replies: 53
Views: 6417

Re: Is an MBA worth it these days?

I did my MBA part time at a decent - not top tier - school for one reason - I needed a challenge Loved learning new stuff, loved the rigor and because I was at a boring job, it gave me something to focus on that I believe has helped my (marketing) career at times. Although it is very hard to put a d...
by BrooklynInvest
Wed Oct 31, 2018 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 11294

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

It's a great question. For longer term employees, I've seen the middle path work for a while - Work in HCOL area, with higher salary, then once well-established telecommute from LCOL area. Salaries tend not to be adjusted. There is a real risk of being out of sight out of mind but might be worth con...
by BrooklynInvest
Mon Oct 22, 2018 7:05 am
Forum: Personal Consumer Issues
Topic: Quitting w/o notice
Replies: 132
Views: 8816

Re: Quitting w/o notice

Sorry for your troubles OP. Suggest:

1. Clean desk out
2. Give 2 weeks notice because it's in YOUR best interest
3. If they don't send you home, come in late and leave early for 10 days that will pass very quickly

Best of luck,
by BrooklynInvest
Sun Oct 21, 2018 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Travelers Checks
Replies: 36
Views: 2375

Re: Travelers Checks

I thought my mum was the last user of travelers checks on the planet! About 3 years ago she was visiting me in the US. She kindly insisted on paying for dinner (yay!) and tried to pay with a travelers check. The young server had neither seen one before nor even heard of them. Conveniently she didn't...
by BrooklynInvest
Sat Oct 20, 2018 4:22 pm
Forum: Personal Consumer Issues
Topic: Pull kids from school for vacations?
Replies: 136
Views: 6143

Re: Pull kids from school for vacations?

I was pulled out of school for vacations when I was a kid. We'd visit the US from England and spend nearly two months traveling with our extended family. When I was about 6 my mum took me to Cape Kennedy to see Apollo 15 launch. I'll remember that for the rest of my life. Not sure what I was suppose...
by BrooklynInvest
Sun Oct 14, 2018 10:15 am
Forum: Investing - Help with Personal Investments
Topic: Have you annuitized some of your money?
Replies: 67
Views: 5939

Re: Have you annuitized some of your money?

Am taking a different path to the same destination -

Bought a 2-family house and rent will be my "inflation-linked annuity" in 3 years when I'm done with the mortgage.

Granted a few assumptions embedded in there but my wife likes the survivorship benefit. . .
by BrooklynInvest
Thu Oct 04, 2018 7:49 am
Forum: Personal Consumer Issues
Topic: Black suit with dark brown shoes?
Replies: 59
Views: 4197

Re: Black suit with dark brown shoes?

If it were me -

If I had formal-ish black shoes in my closet I'd bring 'em. If I didn't I'd go with the dark brown.
by BrooklynInvest
Sun Sep 16, 2018 10:46 am
Forum: Investing - Help with Personal Investments
Topic: How to stay the course when you “think” you can outsmart the market
Replies: 36
Views: 2325

Re: How to stay the course when you “think” you can outsmart the market

I simply remember my own mistakes - By the late 90s I'd paid off a few school loans and had - for me at the time - a decent amount to invest. Made a ton on specific tech stocks on the way up (relatively speaking) and lost all of that gain and a whole lot more on the way down. On the plus side, 'caus...
by BrooklynInvest
Sat Sep 15, 2018 7:15 am
Forum: Personal Finance (Not Investing)
Topic: The Boglehead is anti-entrepreneur?
Replies: 62
Views: 4164

Re: The Boglehead is anti-entrepreneur?

My wife's an entrepreneur, built a medium-sized marketing agency from the bottom up after unrewarding corporate and agency gigs. Her income exceeds my middle management/megacorp gig. She left her corporate gig and took the plunge. Something I wouldn't/couldn't do. We do rely on my fairly stable heal...
by BrooklynInvest
Fri Sep 14, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?
Replies: 118
Views: 11680

Re: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?

Great question. I'm 51, 4 years away from my FI target, retirement from megacorp and phase 2. I'm occasionally mildly bitter that I won't make the last jump to managing director for several reasons, some of them on me. So I've kind of embraced it and pivoted a bit - - I leave a little earlier - I tr...
by BrooklynInvest
Wed Sep 12, 2018 7:08 pm
Forum: Personal Consumer Issues
Topic: Do you use social media to enhance your travel experience?
Replies: 66
Views: 3075

Re: Do you use social media to enhance your travel experience?

I have always loved travelling. I kept journals as a kid and continued to do so as an adult. I blog about our travels on my website and some people seem to enjoy them. I do it because I enjoy it. And it's fun to read them years later. We found a camera in Death Valley in 2011. It took me two years ...
by BrooklynInvest
Sun Sep 09, 2018 7:20 am
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 172
Views: 8922

Re: Can Sneakers go with Business Casual?

Two general principles - If you're on the way up, dress for the job you want. If you're not sure what's appropriate, err on the side of conservative until you are. My megacorp is business casual, although you'd actually never notice. We're moving to new offices where jeans and sneakers are now OK. M...
by BrooklynInvest
Sun Aug 19, 2018 6:27 pm
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 158
Views: 14454

Re: Remind me (again) how real estate isn't a GREAT investment?

I don't consider 7 figures in rental real estate dabbling but congratulations if you do. Don't confuse 'real estate investing' for 'dabbling in real estate'. Those aren't the same thing. I have a 2-family house and the rent now covers our mortgage and taxes. Yay me. BUT . . . in the 11 years that I'...
by BrooklynInvest
Sun Aug 19, 2018 7:48 am
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 158
Views: 14454

Re: Remind me (again) how real estate isn't a GREAT investment?

I have a 2-family house and the rent now covers our mortgage and taxes. Yay me. BUT . . . in the 11 years that I've had the house, I've refinanced (no cash out) at lower rates three times (luck), rents have doubled (luck + significant renovations to the apartment) and halved the pretty significant p...
by BrooklynInvest
Sat Aug 11, 2018 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Biggest Threats to Financial Well-Being
Replies: 99
Views: 9720

Re: Biggest Threats to Financial Well-Being

In the US -

Prolonged illness
Reckless spending
Divorce
Lengthy unemployment
by BrooklynInvest
Sun Jul 29, 2018 8:07 am
Forum: Investing - Theory, News & General
Topic: Passive Index Investing, A Bubble Bound To Burst?
Replies: 115
Views: 12643

Re: Passive Index Investing, A Bubble Bound To Burst?

[*]Informed investors seeking a margin of safety should hunt for stocks that have been largely ignored and excluded by passive index/ETF products, especially those with high insider ownership[/list]. This is my favorite part of the article. What stocks have been "ignored" by indexes? And how on ear...
by BrooklynInvest
Sat Jul 14, 2018 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Would you take a job in a less desirable city if you had to work fewer days?
Replies: 40
Views: 3330

Re: Would you take a job in a less desirable city if you had to work fewer days?

Great question. I moved to the west coast for a while. I'm of the opinion that all jobs become ordinary over time so for me the environment's the thing - I enjoyed exploring my new environment, and even though it didn't last and I moved back I don't regret the change of location. Something to rememb...
by BrooklynInvest
Thu Jul 12, 2018 6:57 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts on Switching to Target Retirement Funds
Replies: 15
Views: 2356

Re: Thoughts on Switching to Target Retirement Funds

I did the same thing with my 401K.

I'm comfortable with equity risk so I picked a T-D close to expected retirement and allocated a small amount to an S&P fund "on the side." Could've used a faux retirement date farther out too. Swings and roundabouts.
by BrooklynInvest
Thu Jul 12, 2018 6:53 am
Forum: Personal Finance (Not Investing)
Topic: Cash out 401K
Replies: 15
Views: 2065

Re: Cash out 401K

Hi OP

I'm unable to time the market. Had I tried I would have probably lost a lot over the years.

Don't know the amounts involved bout could you not allocate your 401k conservatively (stocks + bonds + cash) and withdraw from there over your usage horizon? Might reduce the upfront tax burden.
by BrooklynInvest
Sat Jul 07, 2018 9:02 am
Forum: Personal Consumer Issues
Topic: How to tip
Replies: 87
Views: 6050

Re: How to tip

I tip at least 20% of post tax bill 25% or more at diners and such where the bill is small Nearer to 20% if I'm dropping more coin If service is bad I struggle - is it the server's fault or is it the kitchen, the manager's for not staffing correctly etc? Unless the server's being deliberately inatte...
by BrooklynInvest
Mon Jul 02, 2018 6:57 am
Forum: Investing - Help with Personal Investments
Topic: Using the Total Bond Fund in a rising rate environment
Replies: 72
Views: 10022

Re: Using the Total Bond Fund in a rising rate environment

That's a pretty specific retort from your administrator. Guess the issues he's raising are sound but certainly fall below the "guarantee" threshold. Suggest something along the lines of - "Thanks for the financial advice [see what I did there?] You raise some important points. Rather than debate mar...
by BrooklynInvest
Tue Jun 26, 2018 7:39 pm
Forum: Investing - Theory, News & General
Topic: Is day trading profitable?
Replies: 36
Views: 3461

Re: Is day trading profitable?

Day trading is INSANELY profitable.

For the people running the ads and leasing you the trading platform. For you, no. Not so much.
by BrooklynInvest
Sun Jun 24, 2018 10:54 am
Forum: Investing - Theory, News & General
Topic: Hidden Index Bubble - I'd love to hear some thoughts!
Replies: 27
Views: 2566

Re: Hidden Index Bubble - I'd love to hear some thoughts!

Don’t even have to read the article. It’s from Motley Fool. Investment noise. This, plus since I was bored and read it, doesn't the same "logic" apply regardless - Whether I invest in an S&P500 index fund or an active fund that uses the S&P as its benchmark, aren't I investing in 90-odd percent of ...
by BrooklynInvest
Fri Jun 15, 2018 11:42 am
Forum: Personal Consumer Issues
Topic: Long Weekend in November - NOLA, Austin, Other
Replies: 26
Views: 1513

Re: Long Weekend in November - NOLA, Austin, Other

A different take on NOLA - Went for work and tacked on a few days at the end. Wife came down and we had a ball. A couple of beers on Bourbon Street was enough to say "did that, bought the t shirt" but a lot to do outside that area. World War 2 museum, museum of southern cooking (best bar-in-a-museum...
by BrooklynInvest
Fri Jun 15, 2018 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Boring Job
Replies: 64
Views: 7951

Re: Boring Job

Yes. Several times. I've also used boring jobs to - 1. Get my MBA. Went to class in the evenings and spent a good part of the day quietly doing homework. 2. Run the marathon. Worked 9-5 and trained most evenings. 3. Post on Bogleheads.org. Shhhh There are worse things BUT for me it's important to al...
by BrooklynInvest
Fri Jun 15, 2018 10:49 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Managed Payout Fund
Replies: 30
Views: 3334

Re: Vanguard Managed Payout Fund

Just do Lifestrategy Growth and withdraw 4% a year at a much lower expense ratio. I don't know why you would pay extra just to have them withdraw 4% for you. They do not guarantee the principal so it is no safer than the underlying funds. It is not an annuity. Yeah. This was what I was struggling w...
by BrooklynInvest
Sun Jun 10, 2018 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Retire at 55, what's the magic number
Replies: 169
Views: 24994

Re: Retire at 55, what's the magic number

Trying to do same. Aim is to replace my current salary with a combination of rental income and drawdown (with 5+ years in taxable), with some income from SS later in life. The problem: Access to healthcare with guaranteed coverage for preexisting conditions. Without that I kiss early retirement good...