Search found 117 matches

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: 2156

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: 3844

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: 10921

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: 2776

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: 7863

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: 13661

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: 13661

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: 9438

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: 114
Views: 11785

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: 3228

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: 2272

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: 1990

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: 5800

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: 9134

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: 3291

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: 2321

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: 1424

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: 7703

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: 3019

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: 23622

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...
by BrooklynInvest
Tue May 29, 2018 11:07 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3289
Views: 994535

Re: What Book Are You Currently Reading? Part VI

"The Force" by Don Winslow. Such style and grit. Everything he does is great for different reasons. "The Cartel" and "Walking the Dog" I especially loved but his earlier, and somewhat less grand books I liked for different reasons. On other end of spectrum I'm really enjoying the Sherlock Holmes an...
by BrooklynInvest
Tue May 29, 2018 11:02 am
Forum: Investing - Help with Personal Investments
Topic: HELP..not sure what to do at 55 YOA
Replies: 22
Views: 3456

Re: HELP..not sure what to do at 55 YOA

My wife had a rather "extreme" savings account before we got married - if you watched 30 Rock, it's called "Lemoning". I don't remember that from the show, and I didn't turn up anything relevant with a web search. Could you expand? It was a throw away line in one show. Only reference I could find -...
by BrooklynInvest
Sun May 27, 2018 5:15 pm
Forum: Personal Consumer Issues
Topic: Help Buying Mens Shoes for Work and Dating
Replies: 97
Views: 9229

Re: Help Buying Mens Shoes for Work and Dating

I buy Johnston and Murphy.

Not the cheapest but good quality leather that's lasted me through quite a few re-soles.

Me, I'm business casual and have a pair of brown loafers and will augment with a bit more formal black lace dress shoes when I've got the time.
by BrooklynInvest
Sun May 20, 2018 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage decision killing me
Replies: 52
Views: 7186

Re: Mortgage decision killing me

I went the other way and did a 7/1 ARM with my super-mega jumbo mortgage 4 years ago. Rationale being - The spread between the ARM and the 30 was a bit more back then I want to say. I borrowed a similar amount at the lowest possible rate and with an aggressive pay down schedule am on track to owe ab...
by BrooklynInvest
Sat May 19, 2018 12:16 pm
Forum: Personal Consumer Issues
Topic: Mitsubishi wall air conditioner
Replies: 34
Views: 2465

Re: Mitsubishi wall air conditioner

Installed several in my late 1800s brownstone. Love 'em. One caveat. Make sure your installer is listed on Mitsubishi's site. My first install resulted in a law suit. Also I believe the warrantee may be longer. My ignorance. That aside my place might be similar to your's - three floor brownstone. I ...
by BrooklynInvest
Wed May 16, 2018 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: somebody is using our address
Replies: 45
Views: 4965

Re: somebody is using our address

Could be related to credit card fraud. The mailing addresses fraudsters use to get their stuff are tracked by credit card companies and shared. They need new addresses so might use someone else's for a while. Doubt there's any liability per se but not ideal to have these folks mulling around. Good l...
by BrooklynInvest
Wed May 16, 2018 9:57 pm
Forum: Personal Consumer Issues
Topic: New motorcycle rider
Replies: 106
Views: 5472

Re: New motorcycle rider

A little over 20 years experience riding. Some suggestions - Without question start with the motorcycle safety class. The test is easier than it should be and the class is good preparation. When I did mine the test followed a weekend class Me, I don't ride unless my head is clear and I make every ef...
by BrooklynInvest
Sun May 13, 2018 2:54 pm
Forum: Personal Consumer Issues
Topic: Which City to spend 4-6 weeks?
Replies: 48
Views: 5267

Re: Which City to spend 4-6 weeks?

We had a great time eating our way through Madrid and Barcelona. Took the high speed train between 'em.

Rome was just awesome. Incredible history, food to die for.
by BrooklynInvest
Sat May 12, 2018 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on building a timeless mens wardrobe?
Replies: 68
Views: 6075

Re: Advice on building a timeless mens wardrobe?

1. Decent white shirts, and donate 'em when they're anything but bright white. Charles Trywhitt on sale is my go to. Good for work, good for after work 2. Couple of decent sport coats if work environment warrants. Bonobos has some neat and fun jackets that also look good with jeans 3. Speaking of, t...
by BrooklynInvest
Sun Apr 22, 2018 6:15 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3686
Views: 1056910

Re: What Movie Have You Recently Watched?

Some thoughts on recent viewings if they're a help - - Wind River an excellent, very atmospheric drama now on Netflix - Thor Ragnaroc: Somewhat different spin on the standard made it fun - Justice League: Boring - I Tonya: Wife's pick but turned out to be much better than I expected. Great soundtrac...
by BrooklynInvest
Sat Apr 21, 2018 11:43 am
Forum: Investing - Help with Personal Investments
Topic: Why is a share price for Schwab much cheaper than Vanguard?
Replies: 10
Views: 1329

Re: Why is a share price for Schwab much cheaper than Vanguard?

nisiprius wrote:
Sat Apr 21, 2018 10:12 am
Schwab is selling you quarts and Vanguard is selling you gallons. And the unit price per quart is about the same.
Other than using milk instead of beer this is perfect
by BrooklynInvest
Fri Apr 20, 2018 9:20 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3289
Views: 994535

Re: What Book Are You Currently Reading? Part VI

"The Force" by Don Winslow. Such style and grit. Everything he does is great for different reasons. "The Cartel" and "Walking the Dog" I especially loved but his earlier, and somewhat less grand books I liked for different reasons. On other end of spectrum I'm really enjoying the Sherlock Holmes and...
by BrooklynInvest
Sun Apr 15, 2018 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Bad money managers
Replies: 4
Views: 727

Re: Bad money managers

The manager is likely licensed by FINRA. They review complaints against licensed advisors/brokers. Good luck,
by BrooklynInvest
Sat Apr 14, 2018 7:12 am
Forum: Investing - Help with Personal Investments
Topic: HELP..not sure what to do at 55 YOA
Replies: 22
Views: 3456

Re: HELP..not sure what to do at 55 YOA

Your story sounds a little familiar - My wife had a rather "extreme" savings account before we got married - if you watched 30 Rock, it's called "Lemoning". Anyway, she's very risk averse. She also has her own business that, while it's going very well, has a higher than average chance of failure I s...
by BrooklynInvest
Sun Apr 08, 2018 1:09 pm
Forum: Investing - Theory, News & General
Topic: Blackrock: new portfolios which remove exposure to civilian firearms
Replies: 34
Views: 2006

Re: Blackrock: new portfolios which remove exposure to civilian firearms

Anti-gun investing is simply the "cause du jour" and nothing more than pandering. I completely and utterly disagree. I believe in indexing, but acknowledge that "buy the market" principles and my personal values are sometimes in conflict. Gun-free funds will help me better align. If it costs me, I'...
by BrooklynInvest
Sun Apr 08, 2018 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Higher total income in retirement than during working?
Replies: 51
Views: 5169

Re: Higher total income in retirement than during working?

Having difficulty posting for some reason . . . probably something I said ;-) My retirement goal: Have enough INCOME regardless of source to fund the lifestyle I want for as long as I'm drawing breath. My current income goes to: - Fun, travel, bills and repairs, transport, mortgage, pre-pay mortgage...
by BrooklynInvest
Sat Apr 07, 2018 1:07 pm
Forum: Personal Consumer Issues
Topic: how much would a new kitchen cost?
Replies: 21
Views: 1966

Re: how much would a new kitchen cost?

I put in a nice Lowes kitchen in our rental apartment. Nothing high end but definitely nice - Total for counters, cabinets and installation was about $20,000. It's a large kitchen by NYC standards but probably medium by suburban. Keeping the plumbing in the same place, no rejiggering appliance locat...
by BrooklynInvest
Wed Apr 04, 2018 6:44 pm
Forum: Personal Consumer Issues
Topic: Should I get a loan for a motorcycle?
Replies: 24
Views: 2031

Re: Should I get a loan for a motorcycle?

Afghanistan? Thank you for your service young man! Couple of suggestions from a long time rider - Since you're gonna need a car and a bike, your transportation budget is what it is. Divide your cash/loan/total spend as you see fit. Don't see how it makes any difference if rates are similar. BUT . . ...
by BrooklynInvest
Sun Apr 01, 2018 2:29 pm
Forum: Investing - Theory, News & General
Topic: Do you invest in Real Estate ? Why ?
Replies: 75
Views: 9265

Re: Do you invest in Real Estate ? Why ?

I've owned a two family house for 10 years so that's a yes. The gain is irrelevant I guess 'cause I aint selling but the rise in rental income is significant to me and will be about half of my retirement income once I've paid off the mortgage in 4 more years. My view - it's a part time job and can b...
by BrooklynInvest
Sat Mar 31, 2018 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: Total return vs dividends
Replies: 54
Views: 5635

Re: Total return vs dividends

Tax complexities aside: gains + dividends = total return I need $60k a year from my portfolio during retirement I care not now whit where the money comes from and don't want to favor value stocks (with their higher dividend) over growth stocks (with lower) or skew towards higher yielding, lower rati...
by BrooklynInvest
Sat Mar 31, 2018 10:47 am
Forum: Investing - Help with Personal Investments
Topic: Questions on TIPS
Replies: 25
Views: 2158

Re: Questions on TIPS

My understanding but please, please correct me - TIPS will help mitigate unexpected inflation, but be roughly the same as a non-IP bond otherwise except for a premium you pay for the P part? To me the concern would be the under diversification that would come with a large (to me) holding in a partic...
by BrooklynInvest
Sat Mar 17, 2018 11:20 am
Forum: Personal Consumer Issues
Topic: Large life style creep that was completely worth it
Replies: 112
Views: 15555

Re: Large life style creep that was completely worth it

Great question - Creeped Travel: We go where we want and don't spare expense. Best hotels, not necessary fanciest but fun. Personal guides and tours. We're both working so don't have a ton of time but for at least a couple of weeks a year we're off to explore Europe in style. Going out: At this poin...
by BrooklynInvest
Sun Mar 11, 2018 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Huge special assessment on Condo?
Replies: 60
Views: 6658

Re: Huge special assessment on Condo?

Has the board voted on HOW they're gonna pay? Whether assessment or from reserves, or little of both. The 40% ownership is a question mark. Here in NYC a mortgage would be tough to come by with that ratio but guessing you've crossed that bridge. Personally, have owned a co-op and was fine. I was on ...
by BrooklynInvest
Fri Mar 09, 2018 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance when retiring or self employed before Medicare age?
Replies: 32
Views: 4363

Re: Health insurance when retiring or self employed before Medicare age?

My problem isn't so much the premiums, within obvious reason. My bigger concern is the need to guarantee access year over year. My wife started her small (now medium-sized) small business 'cause she could get insurance through my megacorp. It's mediocre and insanely expensive but as long as I'm empl...
by BrooklynInvest
Fri Mar 09, 2018 8:02 am
Forum: Personal Consumer Issues
Topic: Anyone ever have success getting out of a lease?
Replies: 27
Views: 2322

Re: Anyone ever have success getting out of a lease?

What - specifically - does the lease say?

In NYC I believe the law is that you're free to leave whenever you want but owe rent through the end of the lease. BUT the landlord has to make a good faith effort to re-rent the space, which absolves you of liability from the point that it's rented.
by BrooklynInvest
Sat Feb 10, 2018 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Tenants want to break lease early and is pregnant
Replies: 105
Views: 10089

Re: Tenants want to break lease early and is pregnant

Laws may differ by state. In NY my interpretation is they are liable for the remaining lease BUT you are obliged to make a good faith effort to find a new tenant to take over with a new lease. No double dipping. In practice I've said to (nice) tenants - "You're liable, but I'm gonna do everything I ...
by BrooklynInvest
Wed Jan 31, 2018 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Is an ARM always a bad idea?
Replies: 22
Views: 2535

Re: Is an ARM always a bad idea?

I made decision based on rates and personal situation - Bought 2-family brownstone 10 years ago with a mega-super-jumbo mortgage, and refinanced several times since (who knew rates would go down so far!) Four years ago did a 7-1 ARM despite no intention to leave. Rationale was - Since I had the rent...
by BrooklynInvest
Wed Jan 31, 2018 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Doubling of Standard Deduction--Really??
Replies: 56
Views: 7695

Re: Doubling of Standard Deduction--Really??

I paid 2018 property taxes early in the hope they're deductible at some point but no definitive word on that yet. My SALT quite a bit higher than the new standard deduction regardless. The lower mortgage interest deduction doesn't impact me directly since I've paid down below the new threshold but w...
by BrooklynInvest
Sun Jan 21, 2018 5:48 pm
Forum: Investing - Theory, News & General
Topic: "Why You Should Probably Just Give Up Trying To Beat The Stock Market"
Replies: 19
Views: 3460

Re: "Why You Should Probably Just Give Up Trying To Beat The Stock Market"

Don't disagree with any of the conclusions BUT . . . Instead of comparing to S&P for large cap, what happens to the likelihood of outperformance for active if you deduct an aggregate of passive fees and approximate an investor's experience? When you compound over longer periods, have to think that e...