Search found 115 matches

by Durzo
Tue Jul 07, 2020 7:30 am
Forum: Investing - Theory, News & General
Topic: Bloomberg: The Cost of Bad Market Timing Decisions in 2020 Was Annihilation
Replies: 39
Views: 6812

Re: Bloomberg: The Cost of Bad Market Timing Decisions in 2020 Was Annihilation

3. There are no signals to help decide when to get in or get out. This line refers to one person's opinion, cited in the article: “There were no flashing signals that those were the days that were going to see huge upside,” said Chris Gaffney, president of world markets at TIAA Bank. “If you look b...
by Durzo
Sat Jun 27, 2020 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Seller did not make agreed upon repairs; closing in 2 days
Replies: 55
Views: 5923

Re: Seller did not make agreed upon repairs; closing in 2 days

Cleaning drainspouts and having them drain to daylight vs requesting a ton of money to completely rip up and replace the underground drains are two entirely different things in my book and if I was the seller I would consider your demand to be crazy. This X 10. OP I understand why you be upset and ...
by Durzo
Wed Jun 24, 2020 8:10 am
Forum: Personal Investments
Topic: HSA portfolio
Replies: 7
Views: 546

Re: HSA portfolio

I just changed jobs and new company allows HSA. I plan to contribute the entire 7k+ allowed amount and don't plan to use HSA funds to pay for healthcare till next 10+ years. I was thinking VNQ or PFF for their hefty yield and no tax implications is that sound logic or what is a good ETF/MF for this...
by Durzo
Mon Jun 22, 2020 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating price post an old house inspection
Replies: 48
Views: 3060

Re: Negotiating price post an old house inspection

Hi All, I am new to house buying in the USA and learning fast ! I have a contingent offer on an old (for the USA) house which is contingent on Inspection. The whole house inspection came up with 4 1/2 ages of Red or Orange flagged items. I have assembled the list into items which I think the seller...
by Durzo
Thu Jun 18, 2020 6:52 pm
Forum: Personal Consumer Issues
Topic: Sellers agent not letting me view property without preapproval or "proof of finances"
Replies: 189
Views: 10728

Re: Sellers agent not letting me view property without preapproval or "proof of finances"

I am fundamentally struggling to understand why this would be pain/nuisance/inconvenience for some one you. If someone somehow gets a hold of your full name or what bank your are going to use for financing will they be able to decode your secret lair location? When I bought my first property 1 of 10...
by Durzo
Mon Jun 15, 2020 6:59 pm
Forum: Personal Investments
Topic: CARES Act - using $100k for income property downpayment
Replies: 5
Views: 787

Re: CARES Act - using $100k for income property downpayment

I am looking into taking $100k out of my retirement accounts under the CARES Act provisions and using it as a downpayment on a triplex that should cashflow about 1.1% of the mortgage while allowing me to live in one unit. What I am not sure of is what account I should take this out of: Account bala...
by Durzo
Mon Jun 08, 2020 7:17 am
Forum: Investing - Theory, News & General
Topic: Is it really correct when people say they are leveraging SPECIFIC holdings/assets? Or is it mental accounting?
Replies: 10
Views: 690

Re: Is it really correct when people say they are leveraging SPECIFIC holdings/assets? Or is it mental accounting?

When someone says they are leveraging the bond part of their portfolio, or oppositely, that they are using leverage only for the equities side, that this is actually just mental accounting and that any leverage is in effect, just leveraging everything at whatever proportions you happen to have? For...
by Durzo
Wed May 27, 2020 10:48 pm
Forum: Investing - Theory, News & General
Topic: Are we better off now than Dec 2018?
Replies: 288
Views: 23945

Re: Are we better off now than Dec 2018?

I think I posted this earlier but... I could see how my initial post reads like I sold everything around 3/21 (and it is what I suggested others do). However, just to clarify, I was net selling equities from January (rebalancing), February, March and April (Pandemic Concerns). So at S&P 3000 I ...
by Durzo
Sat Mar 07, 2020 10:26 am
Forum: Forum Issues and Administration
Topic: Kiddie Bogleheads / Boglehead Seniors?
Replies: 12
Views: 1534

Re: Kiddie Bogleheads / Boglehead Seniors?

I'm wondering if the concept of having separate sections on the board index classified by age has ever been discussed. The actionable aspect of my question is this: The board seems to be increasingly skewed toward younger investors. For a newcomer who may be older, and is new to investing, they may...
by Durzo
Wed Mar 04, 2020 10:58 am
Forum: Personal Consumer Issues
Topic: Postponed travel due to Corona Virus. Am I am overreacting ?
Replies: 232
Views: 24461

Re: Postponed travel due to Corona Virus. Am I am overreacting ?

Nobody knows the denominator. Anyone who tells you the fatality rate is making stuff up They are not "making stuff up". They might be working with incomplete data, but that is all you can do. The Diamond Princess cruise ship is a case where we know exactly how many of the 3,700 have been ...
by Durzo
Sat Feb 22, 2020 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Net present value of mortgage considering inflation
Replies: 28
Views: 1599

Re: Mortgage vs no mortgage break even w/ inflation

This is what bankrate is showing (I am eligible for VA and the lender is covering the funding fee): https://www.early-retirement.org/forums/members/35183-albums227-picture2117.jpg You are correct in your original post. NPV/discounted cash flow from your mortgage payments would be the same if intere...
by Durzo
Tue Feb 11, 2020 8:02 am
Forum: Personal Investments
Topic: 529 plan for myself? (Illinois)
Replies: 15
Views: 789

Re: 529 plan for myself? (Illinois)

It is worse than a taxable account if not used for education, as you pay ordinary income tax plus a 10% penalty on earnings. Depending on the state, they might claw back the tax deduction also. For most people I would probably not recommend putting money into a 529 for a child that doesn’t exist, b...
by Durzo
Mon Feb 10, 2020 10:59 pm
Forum: Personal Investments
Topic: 529 plan for myself? (Illinois)
Replies: 15
Views: 789

529 plan for myself? (Illinois)

Hi Bogleheads, I am doing some quick research on 529s and want to make sure I'm not missing anything. I currently have 3 years left in my MBA program; I work full time and just started the part time program summer 2019. Can I just max my 529 each year and pay the tuition from that account? Afterward...
by Durzo
Thu Jan 09, 2020 4:40 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 12015
Views: 930243

Re: U.S. stocks continue to soar!

It can't go on forever, but so far no one in power has said "irrational exuberance". But, I did put trailing stops on another 12% of the portfolio today. No matter what the outcome, I will reap most of the benefit of the market run up. While I share the sentiment there is no way for you t...
by Durzo
Wed Oct 02, 2019 11:46 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value is now just anti-technology
Replies: 30
Views: 3043

Re: Small Cap Value is now just anti-technology

Investing in SCV has always been and remains to be a hope that a handful winners will emerge from the pile of losers that it holds. It's a blind faith based on back tested data, or fooled by randomness. Proponents of SCV investing do not know where and what those winners will come from, they just b...
by Durzo
Fri Dec 01, 2017 1:34 pm
Forum: Personal Investments
Topic: I'm 100% international with VEU. Is this wise?
Replies: 57
Views: 5622

Re: I'm 100% international with VEU

panchilly wrote: Fri Dec 01, 2017 12:26 pm 100% of my stocks are in VEU right now.
Why did you exclude US stocks? Why not 50-50 to better capture the market?
by Durzo
Mon Jul 24, 2017 3:16 am
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 505
Views: 46206

Re: John Bogle Has Been Right About Investing In International Stocks

What a joke. There are a lot of good arguments to be made for holding no (or very little) international stocks. Cherry picking dates and using past performance to suggest a certain asset allocation is not one of them. Part of being a Boglehead is diversifying/buying the haystack and making the best ...
by Durzo
Sun Jun 18, 2017 7:56 pm
Forum: Personal Investments
Topic: Why do we need an emergency fund?
Replies: 70
Views: 8447

Re: Why do we need an emergency fund?

We have been told again and again that we need to have an emergency fund worth at least 3 months of income or expenses for rainy days. I have never had an emergency fund, and all I have is money invested and money to be invested. I did not have college fund for my kids too, but sent both of them to...
by Durzo
Fri May 19, 2017 12:30 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 21201
Views: 2876394

Re: U.S. stocks in freefall

a 1.5% decline is a freefall? LOL.. Transferred funds to Vanguard today. Purchasing more VTSAX and VTIAX tomorrow. Thanks Jack Bogle. Seriously, 1-2% is an event??? I think so. It's a all relative to what you consider common I suppose. I have a 45 year horizon until I start withdrawing, but I still...
by Durzo
Fri May 12, 2017 10:00 am
Forum: Personal Investments
Topic: Young professional planning for early semi-retirement
Replies: 34
Views: 5138

Re: Young professional planning for early semi-retirement

Annually, I am planning on contributing 14% to 401k with employer match and nearly maxing the Roth IRA. Income: 70-80k Debt: None Emergency Fund: Set I have a TSP account for when I served in the military, however, I can no longer contribute. I realise there are many variables here, such as how muc...
by Durzo
Sun Apr 23, 2017 6:47 pm
Forum: US Chapters
Topic: The next generation of Boglehead authors
Replies: 41
Views: 7139

Re: The next generation of Boglehead authors

Whoever the next generation is, most bogleheads probably won't like them. The younger generation is a lot less gentle in their investing advice and pretty much have no problem calling a spade a spade, Mr. Money Mustaches does this to an extent but there are others who do it better. From what I have...
by Durzo
Sun Apr 23, 2017 6:39 pm
Forum: Personal Consumer Issues
Topic: If you are financially independent, how much monywould you bother to make?
Replies: 31
Views: 5096

Re: If you are financially independent, how much monywould you bother to make?

I thought the definition of being financially independent is to not have to stress about making money anymore. But here you are, spending time thinking about it. I would say that if you are on the fence about any money-making decision now, that the answer for you should be a firm "no". I ...
by Durzo
Sat Apr 22, 2017 11:58 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank - Savings Account Rate Increased!
Replies: 94
Views: 19218

Re: Ally Bank - Savings Account Rate Increased!

Interesting most seem to think this is meaningless but if expenses on on mutual fund or ETF was cut by the same there would be a parade in the forum. I'm guessing this board has a lot more money in mutual funds and ETF's than bank savings accounts. Not really the point. It's precisely the point. Pe...
by Durzo
Fri Apr 21, 2017 11:40 am
Forum: Investing - Theory, News & General
Topic: Schwab Target Index Funds Investor Shares drop (.08%)
Replies: 21
Views: 3715

Schwab Target Index Funds Investor Shares drop (.08%)

Schwab's ER for their target date funds just dropped from 0.13% to .08%. I have been with vanguard since I started investing, but Schwab is doing a great job with their expense ratios. Maybe they want to start taking some of the monster growth Vanguard is experiencing. Some of their index funds have...
by Durzo
Tue Apr 18, 2017 12:03 pm
Forum: US Chapters
Topic: Your USER NAME...what does it mean?
Replies: 555
Views: 76458

Re: Your USER NAME...what does it mean?

It's a character in the Night Angel trilogy, Durzo Blint. It was just what popped into my head when signing up and I am a big fan of the character. I don't use this handle anywhere else.
by Durzo
Wed Apr 12, 2017 1:00 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing to control risk doesn't make sense to me
Replies: 175
Views: 15760

Re: Rebalancing to control risk doesn't make sense to me

What I always suggest is to treat bonds like an emergecny fund. You have 10 years of living expenses in bonds instead of 50% of a fluctuating portfolio. Depending on your age/job/family etc. for you that may be 1 year worth of expenses in cash and 10 years of expenses in bonds. Anything after that ...
by Durzo
Wed Apr 12, 2017 10:20 am
Forum: Investing - Theory, News & General
Topic: Rebalancing to control risk doesn't make sense to me
Replies: 175
Views: 15760

Re: Rebalancing to control risk doesn't make sense to me

So we've had some discussions regarding the so-called "rebalancing bonus" recently, about how rebalancing makes you buy low and sell high. There doesn't seem to be a lot of data to back that up, which seems reasonable since it would make it a valid market-timing strategy. (If you do think...
by Durzo
Thu Mar 16, 2017 2:06 pm
Forum: US Chapters
Topic: [Virtual online chapter - Master thread]
Replies: 136
Views: 39290

Re: Virtual boglehead meeting?

This is an awesome idea. I really hope this takes off; I will make sure to attend if this happens. We could do a monthly/bi-weekly broadcast type of thing. Each time we have an agenda to cover certain topics. It would probably be best if a senior well known member set it up. However, if no one is in...
by Durzo
Fri Mar 03, 2017 11:43 am
Forum: Personal Investments
Topic: Ever dip your feet into individual stocks?
Replies: 63
Views: 5759

Re: Ever dip your feet into individual stocks?

Almost not an "investing" question because at this point I know the theory and individual stocks seem more like gambling then investing, but anyone invest a couple thousand of disposable income after investing in retirement and savings. Kind of want to try for fun with the expectation it ...
by Durzo
Sun Feb 12, 2017 10:55 pm
Forum: Personal Consumer Issues
Topic: Why do you go to restaurants?
Replies: 229
Views: 24454

Re: Why do you go to restaurants?

Girls and hanging out with friends, but mostly girls. Lunch, brunch, dinner etc. are easy and lazy dates. Takes near zero effort on my part and eating while talking helps create a sense of connection. I can't think of anything else that does this so well.
by Durzo
Thu Jan 19, 2017 9:30 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 22748

Re: "Millennials may need to double how much they save for retirement"

http://economicalmillennial.com/numbers-are-in-the-average-net-worth-of-americans-ages-18-30-is-17612/ I'm just gonna leave this here. For those curious a new study by Robert Farrington (The College Investor) found the average networth of Americans 18-30 is $-17,612. It takes into account all assets...
by Durzo
Thu Jan 19, 2017 9:02 am
Forum: Personal Consumer Issues
Topic: Volunteering Ideas
Replies: 87
Views: 8023

Re: Volunteering Ideas

Where do the Bogleheads volunteer? I'm looking for any and all ideas. I've heard of a few places, like Habitat for Humanity and the local food kitchens, but what else is out there? If you are a teacher and enjoy it considering doing tutoring/classes at your local community center/ library/ church e...
by Durzo
Mon Oct 31, 2016 3:22 pm
Forum: Personal Consumer Issues
Topic: which engineering major for renewables
Replies: 62
Views: 9531

Re: which engineering major for renewables

Hello all, My son is currently a junior in h.s. and we have checked out a couple colleges in our area. He is high functioning (3.98 gpa, AP/honors and one college class) and is looking to engineering as a major. Specifically, he would like to study(to quote him) " The harvesting, storage, deli...
by Durzo
Fri Oct 28, 2016 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Sued for General [Investment] Advice?
Replies: 43
Views: 9103

Re: Sued for General Advice?

Are there any historical precedents of this happening? Say I post this message on Facebook/Youtube/Twitter/text it/personally say it to someone: "You need to buy X stock/commodity/fund. It has nothing but upside from now on. You are guaranteed to make a huge profit within the next couple of wee...
by Durzo
Thu Oct 27, 2016 8:30 am
Forum: Personal Consumer Issues
Topic: New to HSA account and fees are insane
Replies: 23
Views: 2934

Re: New to HSA account and fees are insane

Or.. is there a reason to keep this fund open with mimimum funds? thanks in advance My HSA has the same minimum cash requirement and similar fees. I thought it was a great deal. Since you are no longer working it makes sense that you might no longer want the hassle of such a small HSA with the fees...
by Durzo
Thu Oct 27, 2016 8:23 am
Forum: Personal Investments
Topic: Am I on the right track? 75K Investment Portfolio
Replies: 7
Views: 1145

Re: Am I on the right track? 75K Investment Portfolio

Hello, I am currently 25 years old and I am new to the investment world. I've read just about every John Bogle book there is in the past two months! Before I had switched my money over to vanguard, my money was being managed my Chase for a management fee of 1.6% annually (OUCH!). I plan to invest t...
by Durzo
Mon Sep 26, 2016 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: College advice
Replies: 35
Views: 3667

Re: College advice

I know many people out there pay for their kids to attend college, (of course the universities want us to mortgage everything) we plan to assist them without going into debt for them, any ideas on keeping the costs down and getting my daughters degrees without getting them into to much debt? Like m...
by Durzo
Mon Sep 26, 2016 12:51 pm
Forum: Personal Consumer Issues
Topic: Protein Powders
Replies: 45
Views: 5136

Re: Protein Powders

Looking on boosting the protein content of my mother's homemade smoothies post surgery. She's older and won't be able to eat solid foods for awhile. Yes, I know about puddings and soups, etc. - but she is specifically requesting smoothies and I need to get some protein in her that is healthy and pe...
by Durzo
Fri Jul 22, 2016 8:51 am
Forum: Personal Investments
Topic: Where do you buy individual stocks?
Replies: 43
Views: 4613

Re: Where do you buy individual stocks?

I hear you guys. Just to clarify a couple of things. 1. It is just for fun/experiment. 2. It will be a very small portion of my portfolio. My upper bound for individual stocks in 2016-17 is $500. I max 401K + employer match + Roth IRA + HSA. The $500 is <1.5% of my contribution for the year and even...
by Durzo
Thu Jul 21, 2016 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Networth = Age x Pretax income then divide by 10?
Replies: 49
Views: 12957

Re: Networth = Age x Pretax income then divide by 10?

Damn, if anyone knows a 23 year old that has saved 2.3 times their salary please let them know i'm single at the moment.
by Durzo
Thu Jul 21, 2016 3:35 pm
Forum: Personal Investments
Topic: Where do you buy individual stocks?
Replies: 43
Views: 4613

Re: Where do you buy individual stocks?

Thanks you all for your replies. I will look into the services mentioned. It looks like the cost trades can be kept near zero. Once again I come seeking the wisdom of Bogleheads. Is there even a tiny, remote portion of BH wisdom that approves of buying individual stocks? "Forget the needle, buy...
by Durzo
Thu Jul 21, 2016 11:32 am
Forum: Personal Investments
Topic: Where do you buy individual stocks?
Replies: 43
Views: 4613

Where do you buy individual stocks?

One again I come seeking the wisdom of Bogleheads. I am looking to buy individual stocks later this year or early next year. I understand that I am likely to under-perform the market/index. What I am planning is to slowly buy 30-50 individual stocks over the next few years. This will be in a taxable...
by Durzo
Sun Jul 10, 2016 12:50 pm
Forum: Investing - Theory, News & General
Topic: What's your asset allocation and why?
Replies: 178
Views: 32771

Re: What's your asset allocation and why?

Age: 23

100% stocks/ 0 bonds in 401k and roth IRA.

40% US
20% INT
20% Small Cap
10% EM
10% REITs

It's simple and over 30 years a high expected rate of return. Will start adding bonds 15 or so years from retirement.
by Durzo
Thu Jun 30, 2016 2:54 pm
Forum: Investing - Theory, News & General
Topic: Equities = musical chairs?
Replies: 93
Views: 7381

Re: Equities = musical chairs?

My sense is that many if not most average investors are using the stock market to try to make their money keep pace with their lifestyles so that they don't find themselves dead broke in retirement. The third way, though, and I think the easiest on the nerves, is to say no to consumerism, no to the...
by Durzo
Thu Jun 09, 2016 2:46 pm
Forum: Personal Investments
Topic: Do you track your own purchases?
Replies: 19
Views: 2364

Re: Do you track your own purchases?

I do not bother because I don't have a taxable account. I guess it will be a good problem to have when it comes up.
by Durzo
Thu Jun 09, 2016 2:44 pm
Forum: Personal Investments
Topic: I need some help to understand why I should invest in bonds at such a young age
Replies: 235
Views: 22521

Re: I need some help to understand why I should invest in bonds at such a young age

The inevitable bear market can and does cause people to deviate. And the bond portion can help mitigate the drop. I think this is weak justification and don't intend to add bonds till my late 30s. Retirement money is retirement money and it is in my IPS that it is never to be used for anything else...
by Durzo
Sat Jun 04, 2016 5:15 pm
Forum: Personal Investments
Topic: Any S&P 500 Lovers Out There?
Replies: 32
Views: 4857

Re: Any S&P 500 Lovers Out There?

I am curios to see if there are any S&P 500 lovers out there. If yes, what is it that you like about it vs say other stock indices? Of course I am referring to funds you invest into that track the S&P 500. Since it is so common often times it is very cheap. In my 401k it has an expense rati...
by Durzo
Mon May 23, 2016 2:41 pm
Forum: Personal Consumer Issues
Topic: Running in new pair of shoes
Replies: 41
Views: 3972

Re: Running in new pair of shoes

I'll be participating in a race pretty soon (10k) and I was wondering if it is a good idea to run in a new pair of shoes. I just bought a new pair of Nike running shoes and want to save them for the race day so that they remain brand new and might give me an edge. Is this a good idea or not? On a r...
by Durzo
Mon May 23, 2016 2:24 pm
Forum: Investing - Theory, News & General
Topic: What was your first investment?
Replies: 117
Views: 10438

Re: What was your first investment?

Vanguard index funds a couple of years ago.

I have the Bogleheads and other like minded people to thank for that. Thanks all.

-Joey