Search found 2614 matches

by bhsince87
Tue Apr 14, 2020 8:28 pm
Forum: Investing - Theory, News & General
Topic: My theory about FIRE
Replies: 419
Views: 30601

Re: My theory about FIRE

Maybe it needs to be FIFE (Financial Independence, Freedom Early). Regardless, a worthy goal. I think Financial Independence, Retire Early (FIRE) should be renamed to Financial Independence, Pursue Alternatives (FIPA). I've always thought it should be FIRO. Financially Independent. Retirement Optio...
by bhsince87
Tue Apr 07, 2020 11:23 pm
Forum: Personal Consumer Issues
Topic: How do you maximize enjoyment after achieving FI?
Replies: 161
Views: 8475

Re: How do you maximize enjoyment after achieving FI?

rerod wrote:
Tue Apr 07, 2020 7:25 pm
Most people who retire regret it. Go back to work part time.
That would be a very interesting development if true.

Can you cite some data to back that up?
by bhsince87
Mon Apr 06, 2020 10:30 pm
Forum: Personal Consumer Issues
Topic: Will I regret getting rid of my 12-string guitar?
Replies: 17
Views: 1214

Re: Will I regret getting rid of my 12-string guitar?

I always dreamed of owning a 12 string Rickenbacker. Beatles, Byrds, Tom Petty, etc.

But I started playing around with digital emulators a few years ago, and I can get within maybe 95% of that sound with my six string.
by bhsince87
Mon Apr 06, 2020 11:00 am
Forum: Investing - Theory, News & General
Topic: Modern Monetary Theory
Replies: 97
Views: 6589

Re: Modern Monetary Theory

IMO, MMT gets a lot of things wrong. The most critical being that most adherents don't consider the fact that private banks create much more "money" most of the time, than the government does. However, anyone who still believes that "printing money" automatically leads to inflation hasn't been payin...
by bhsince87
Tue Mar 31, 2020 12:48 pm
Forum: Personal Consumer Issues
Topic: Garden fencing ideas needed
Replies: 12
Views: 762

Re: Garden fencing ideas needed

We've been using this netting successfully for almost 20 years. It works great for deer and rabbits, not so good for raccoons or squirrels (or bears...). https://www.amazon.com/Easy-Gardener-6050-DeerBlock-Protection/dp/B00004RA0N/ It's sort of a training thing for deer. They don't push through it, ...
by bhsince87
Wed Mar 25, 2020 10:54 pm
Forum: Personal Consumer Issues
Topic: old (dry) pasta
Replies: 29
Views: 2054

Re: old (dry) pasta

It depends. If it has eggs in it, it can go rancid. Without eggs, it will be OK for several years, although some of the nutrients can fade over time.
by bhsince87
Wed Mar 25, 2020 10:47 pm
Forum: Investing - Theory, News & General
Topic: If I were a retiree right now....
Replies: 81
Views: 10724

Re: If I were a retiree right now....

I would be 50% cash and 50% inflation-protected assets. Cash in case of further asset deflation, the other 50% in case of the opposite scenario, inflation. Why? Bond yields are nothing, if rates further decrease you get nothing, if rates increase your existing bonds will decrease in value. If there...
by bhsince87
Mon Mar 16, 2020 5:50 pm
Forum: Personal Consumer Issues
Topic: Take out food vs COVID 19
Replies: 95
Views: 6554

Re: Take out food vs COVID 19

Well wife and I are stuck at home and not going out to dinner or lunch or anything fun. We canceled our kid visits. We cancelled baseball stuff. We stocked up on food and essentials last week. We have not gone to the store or anywhere in 4 days and really do not need to go anywhere for a while. We ...
by bhsince87
Mon Feb 10, 2020 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Fun Side Income in Retirement?
Replies: 50
Views: 4279

Re: Fun Side Income in Retirement?

I just got a job as a sound man for a local band. Mostly 6 hour gigs on Saturday nights, for about $100 a night. Plus free food and drinks. I love live music, and it gets me out of the house. And I'm an electrical engineer, so it all makes sense to me. DW is still not sure about it, but we shall see...
by bhsince87
Fri Jan 24, 2020 10:27 pm
Forum: Investing - Theory, News & General
Topic: Personal Flagship Representaive Going Away
Replies: 131
Views: 15885

Re: Personal Flagship Representaive Going Away

I just got a glossy flyer in the snail mail today telling me about "Vanguard Personal Advisor Services".

It seems to imply that I can now get a team of specialists who will work for me and with me.

And for the record, I've never used a Vanguard advisor for anything in the past.
by bhsince87
Fri Jan 24, 2020 12:06 am
Forum: Personal Finance (Not Investing)
Topic: What did you do cool with your money today?
Replies: 125
Views: 10283

Re: What did you do cool with your money today?

I supported myself by not working! Living off investment income takes some getting used to. But I'm starting to appreciate and even enjoy it. I splurged a little today and bought a collectable book of maps of the battle of Gettysburg. Also saving up for a 500mm f 4.0 Canon lens for birding. Old habi...
by bhsince87
Wed Jan 22, 2020 10:00 pm
Forum: US Chapters
Topic: Sad news: LadyGeek's husband has passed
Replies: 352
Views: 26580

Re: Sad news: LadyGeek's husband has passed

Sorry to hear, and best wishes to you.

And thank you for sharing your experiences for the benefit of others.

This is an area where my spouse and I are seriously lacking in planning. That needs to change.
by bhsince87
Mon Jan 20, 2020 12:19 am
Forum: Investing - Theory, News & General
Topic: Why have so many people forgotten about 19% drop 13 months ago?
Replies: 54
Views: 7186

Re: Why have so many people forgotten about 19% drop 13 months ago?

There's a difference between forgetting about it and talking about it.

Nobody wants to talk about it because it's old news.
by bhsince87
Sun Jan 19, 2020 11:50 pm
Forum: Investing - Theory, News & General
Topic: Where does the money go when the S&P goes down?
Replies: 53
Views: 6742

Re: Where does the money go when the S&P goes down?

No where.

Where does the money go if your house falls in value from $300,000 to $ 250,000?

Where does it go when your car falls from $30,000 in value to $15,000 in value?
by bhsince87
Sun Jan 19, 2020 9:54 pm
Forum: Investing - Theory, News & General
Topic: Isn’t Inflation Much Larger Than 2%?
Replies: 289
Views: 19208

Re: Isn’t Inflation Much Larger Than 2%?

..... These are all rust belt cities that have lost much of their industrial base, and are therefore shedding population. If you can believe it, most of these cities had their golden era and population peak back in the 50s. Yes, the 50s. The Rochester Royals won the NBA Title in 1951!! :oops: There...
by bhsince87
Sat Jan 18, 2020 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Why retire?
Replies: 267
Views: 16864

Re: Why retire?

nydoc wrote:
Sat Jan 18, 2020 9:52 pm
So what I am understanding from all the replies that financial independence should be the goal not necessarily an early retirement.
Thanks for everyone’s replies.
Ding, ding, ding!!!!

Yes, financial independence is the ultimate goal.

It gives you options no matter how your future plays out.
by bhsince87
Sat Jan 18, 2020 1:01 pm
Forum: Investing - Theory, News & General
Topic: Isn’t Inflation Much Larger Than 2%?
Replies: 289
Views: 19208

Re: Isn’t Inflation Much Larger Than 2%?

One reason some components of the CPI (such as automobiles) appear to be steady even though the price has risen is because of the Hedonic Quality Adjustment. This is an attempt to account for increasing (or decreasing) features or usefulness. It addresses many of the concerns noted previously in thi...
by bhsince87
Fri Jan 17, 2020 11:13 pm
Forum: Investing - Theory, News & General
Topic: BlackRock's New Position on Climate Change
Replies: 18
Views: 1314

Re: BlackRock's New Position on Climate Change

This is textbook active investing.

All historic data says it's a bad idea.

Not a Boglehead approach. But that's what makes the markets go round.
by bhsince87
Fri Jan 17, 2020 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Engineers - What are you making? ($$$)
Replies: 357
Views: 43514

Re: Engineers - What are you making?

This is enlightening to me! I retired last year at 53. Was a "super star" in my field of electrical engineering. Known all over the world. Became a manager, turned a company around. And I was making $225k a year in an average cost of living area, after 30 years experience. 50 hour weeks. But I could...
by bhsince87
Fri Jan 17, 2020 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: How high is health insurance going to go?
Replies: 79
Views: 6360

Re: How high is health insurance going to go?

It's too early to know in your case. I went through something similar before retiring Jan 2019 at age 53. I tracked ACA costs for us (DW is 2 years younger). They went from $14k per year in 2014 to $28k per year in 2019. On top of that the deductible bounced around from $10k to $4k. However, if we c...
by bhsince87
Fri Jan 17, 2020 1:19 pm
Forum: Investing - Theory, News & General
Topic: Isn’t Inflation Much Larger Than 2%?
Replies: 289
Views: 19208

Re: Isn’t Inflation Much Larger Than 2%?

3.724% of the CPI-U is weighted on this. I can never get a straight answer from anyone who believes the CPI is accurate how they can explain this new car pricing factor, when it's easily refuted by looking up MSRPs from 1996 and 1997 and comparing them with today. What part of the BLS factsheet on ...
by bhsince87
Sat Jan 11, 2020 11:22 pm
Forum: Investing - Theory, News & General
Topic: Why are Dividend Stocks pushed so hard?
Replies: 129
Views: 6709

Re: Why are Dividend Stocks pushed so hard?

That was true for close to a hundred years. But not so much any more. Why? What has changed about the concept of company paying a dividend in those 100 years? The hundred years part was more about gold. The changes in dividends is much more recent. As nedsaid said, tax treatment is a big factor. Bu...
by bhsince87
Sat Jan 11, 2020 10:04 pm
Forum: Investing - Theory, News & General
Topic: Why are Dividend Stocks pushed so hard?
Replies: 129
Views: 6709

Re: Why are Dividend Stocks pushed so hard?

There was a period where dividend paying stocks and dividend reinvestment programs were one of the best options for individual investors. A lot of older investors, and possibly their children or disciples still follow it. And it's not a total disaster still. But it doesn't have the advantages it use...
by bhsince87
Fri Jan 10, 2020 9:26 pm
Forum: Personal Investments
Topic: Wish me luck. I just had "the call" with my advisor to cut ties
Replies: 20
Views: 3387

Re: Wish me luck. I just had "the call" with my advisor to cut ties

Your previous advisor is the one who needs to be wished "good luck".

You are on the right track now!
by bhsince87
Fri Jan 10, 2020 6:57 pm
Forum: Investing - Theory, News & General
Topic: Interesting read [Seeking Alpha: The 8% Income Portfolio]
Replies: 9
Views: 1536

Re: Interesting read [Seeking Alpha: The 8% Income Portfolio]

Last but not least, if anyone ever mentions "yield on cost" you should stop reading immediately because while it may or may not be indicative of the prior success of an investment, it is not a relevant number for an investment strategy of any kind. I was going to mention that too. I can understand ...
by bhsince87
Sat Jan 04, 2020 6:43 pm
Forum: Investing - Theory, News & General
Topic: Interesting read [Seeking Alpha: The 8% Income Portfolio]
Replies: 9
Views: 1536

Re: Interesting read

A few thoughts: It yields 8%. Except when it yields 7%. Whatevs... It works in good times and bad. Except it only goes back 5 years. There really hasn't been a "bad time" in that period. No mention of tax complications, for which MLPs are notorious. No mention of fees. No mention of tax drag from al...
by bhsince87
Sat Jan 04, 2020 6:00 pm
Forum: Personal Investments
Topic: Can someone in layman’s terms tell my why I should have a HSA?
Replies: 25
Views: 3017

Re: Can someone in layman’s terms tell my why I should have a HSA?

Interesting, never seen it that way. I luckily get 100% medical and dental covered by employer now, but this could be a supplement to use for health expenses etc. If your company does not offer an HDHP, then HSA does not apply to you. Not even an option. In addition to tax free growth and withdrawa...
by bhsince87
Sat Jan 04, 2020 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: When can I quit on rule 55?
Replies: 24
Views: 3496

Re: When can I quit on rule 55?

I turn 55 later in 2020. My original plan was to retire on Jan 1 2020, so I could begin penalty free withdraws from my 401k at any time after retiring. Our HR department and company financial advisor agreed that would be allowable. However, my employer offered voluntary separation packages in late 2...
by bhsince87
Sat Jan 04, 2020 4:39 pm
Forum: Personal Consumer Issues
Topic: How to get home internet in the country, outside the city limits?
Replies: 24
Views: 1222

Re: How to get home internet in the country, outside the city limits?

hicabob wrote:
Sat Jan 04, 2020 4:17 pm
If you google street view the property and "walk" past it you can probably see if a cable has been run past the lot.
The cable is always the lowest "wire", is fat and has amplifiers in line. If the cables is there you can probably hook up for a fee.
Our cable is underground here.
by bhsince87
Sat Jan 04, 2020 4:34 pm
Forum: Personal Consumer Issues
Topic: How to get home internet in the country, outside the city limits?
Replies: 24
Views: 1222

Re: How to get home internet in the country, outside the city limits?

You can try a website like this to see if you can get cable TV access at the lot. It's not 100% accurate, but pretty close. If you can get cable TV, you will most likely be able to get high speed internet access. https://www.cabletv.com/blog/cable-availability-maps Some areas also still have DSL ser...
by bhsince87
Wed Jan 01, 2020 6:33 pm
Forum: Investing - Theory, News & General
Topic: Extreme Bond Tent
Replies: 13
Views: 1136

Re: Extreme Bond Tent

As context, when I turn 70 we will have 100% of anticipated living expenses met by pensions and SS. You might want to consider putting enough in bonds to cover your living expenses after pension until age 70. Then set the remainder of portfolio at 60/40 or 50/50 or whatever terminal balance you des...
by bhsince87
Wed Jan 01, 2020 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: 2020 W4 Step 3-> Number of dependents
Replies: 16
Views: 1026

Re: 2020 W4 Step 3-> Number of dependents

The way I interpret it, you would only enter the number of dependent children under age 17.

So if your child is under 17, then the answer would be 1.

I also think you can skip that step entirely, but then your taxes could be overwithheld.
by bhsince87
Wed Jan 01, 2020 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Strategies for Dealing with A Job Layoff
Replies: 28
Views: 2186

Re: Strategies for Dealing with A Job Layoff

Find out from HR how much COBRA coverage will cost, and how long it will last.

Run numbers at healthcare.gov to see how ACA costs and coverage compare to COBRA.

If you're on linkedin, change your status immediately and make it clear you are open to any offers.
by bhsince87
Wed Jan 01, 2020 3:59 pm
Forum: Investing - Theory, News & General
Topic: Why all the angst about RMDs and taxes?
Replies: 177
Views: 13005

Re: Why all the angst about RMDs and taxes?

From Nassim Taleb's "Antifragile": Stoicism's Emotional Robustification Success brings an asymmetry: you now have a lot more to lose than to gain. You are hence fragile... When you become rich, the pain of losing your fortune exceeds the emotional gain of getting additional wealth, so you start liv...
by bhsince87
Wed Jan 01, 2020 3:39 pm
Forum: Investing - Theory, News & General
Topic: Do CDs *ever* keep up with inflation?
Replies: 66
Views: 4607

Re: Do CDs *ever* keep up with inflation?

It's difficult for me to imagine this. I've never had a deposit account even pay 3% interest. Why invest in stocks if you can buy a CD at 13.602% interest? I have an investment book from the mid 80's. The author did all sorts of calculations and hand waving and such, but his bottom line conclusion ...
by bhsince87
Wed Jan 01, 2020 3:29 pm
Forum: Investing - Theory, News & General
Topic: Do CDs *ever* keep up with inflation?
Replies: 66
Views: 4607

Re: Do CDs *ever* keep up with inflation?

I conclude that yes, CDs have sometimes kept up with inflation, even after taxes . I'm not ready to write a book entitled "CDs for the long run" nor to advocate 100% CDs as a portfolio, but--at least within the data I found, from 1985--they've done a respectable job of preserving wealth and often e...
by bhsince87
Tue Dec 31, 2019 9:19 pm
Forum: Investing - Theory, News & General
Topic: Most 2019 S&P 500 forecasts were too low
Replies: 58
Views: 3798

Re: Most 2019 S&P 500 forecasts were too low

And none of them were even close on the PE, which is 24.2 today. Looking at this chart is a bit shocking: https://www.multpl.com/s-p-500-pe-ratio There have been very few times in history that the PE ratio has been this high. Surely that must tell us something? It tells us that earnings are going t...
by bhsince87
Tue Dec 31, 2019 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: How much were you able to save this year?
Replies: 142
Views: 10912

Re: How much were you able to save this year?

This year got weird for me. And it sort of points out how such measurements can go off the rails. I'd say I saved 100% of after tax income. Retired on Jan 1, and got a severance package. I invested every cent of that, after tax witholding. Lived on partial withdrawal of interest and dividends. Most ...
by bhsince87
Tue Dec 31, 2019 5:35 pm
Forum: Investing - Theory, News & General
Topic: Most 2019 S&P 500 forecasts were too low
Replies: 58
Views: 3798

Re: Most 2019 S&P 500 forecasts were too low

And none of them were even close on the PE, which is 24.2 today.
by bhsince87
Tue Dec 31, 2019 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on Parents' dire financial situation
Replies: 39
Views: 3789

Re: Need advice on Parents' dire financial situation

Lynx310650 wrote:
Tue Dec 31, 2019 3:21 pm
Streptococcus wrote:
Tue Dec 31, 2019 3:17 pm
I think any advice should start with determining how much they spend to live.
I believe minus all their housing expenses they spend about $700-$1000/month to live.
Where do they plan to live after they sell their house? Sounds like they will then have rent payments to cover.
by bhsince87
Tue Dec 31, 2019 12:04 am
Forum: Personal Finance (Not Investing)
Topic: How much were you able to spend this year?
Replies: 53
Views: 2857

Re: How much were you able to spend this year?

Coincidentally, I just added it up today!

I spent about $42,000. First year in retirement.

Don't know what the wife spent yet, but I expect around $20,000.

Also, this doesn't include taxes. Won't have a firm number on that till later.
by bhsince87
Mon Dec 30, 2019 11:59 pm
Forum: Investing - Theory, News & General
Topic: Do CDs *ever* keep up with inflation?
Replies: 66
Views: 4607

Re: Do CDs *ever* keep up with inflation?

Some do. Many don't.

It's hard to make a generalization in today's environment.
by bhsince87
Mon Dec 30, 2019 10:36 pm
Forum: Personal Consumer Issues
Topic: Good, Cheap, Fast - Pick 3
Replies: 20
Views: 2875

Re: Good, Cheap, Fast - Pick 3

Bogleheads forum!
by bhsince87
Mon Dec 30, 2019 2:09 pm
Forum: Investing - Theory, News & General
Topic: is this for real? [ProShares Pet Care ETF (PAWZ)]
Replies: 16
Views: 1357

Re: is this for real? [ProShares Pet Care ETF (PAWZ)]

0.5% expense ratio is a little steep, but otherwise, I don't see anything surprising about it.

A lot of folks seem to like making sector bets. It's probably better to do that through an ETF than with individual stocks.
by bhsince87
Mon Dec 30, 2019 1:55 pm
Forum: Investing - Theory, News & General
Topic: Decade of Debt. Market fueled by debt.
Replies: 56
Views: 4791

Re: Decade of Debt. Market fueled by debt.

Read this article on Fidelity: The Decade of Debt: big deals, bigger risk By Joshua Franklin and Kate Duguid, Reuters - 1:18 AM ET 12/30/2019 https://www.fidelity.com/news/article/top-news/201912300116RTRSNEWSCOMBINED_KBN1YY09Y-OUSBS_1 It suggests that the market has largely been fueled by addition...
by bhsince87
Sun Dec 29, 2019 9:16 pm
Forum: Investing - Theory, News & General
Topic: If You Only Invest in an Index, You’ll Never Beat It
Replies: 100
Views: 10297

Re: If You Only Invest in an Index, You’ll Never Beat It

So what?

You don't have to "beat the market" to win at investing.

Slow and steady and accepting what the market gives is enough.
by bhsince87
Sat Dec 28, 2019 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Got my hand burnt in a restaurant, what should I do(non medical)
Replies: 17
Views: 1449

Re: Got my hand burnt in a restaurant, what should I do(non medical)

What is your primary goal?

Making sure this doesn't happen to anyone else in the future?

Making money to compensate you for your pain and suffering?

They're not mutually exclusive. But a different approach can be warranted either way.
by bhsince87
Sat Dec 28, 2019 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: How do you spend $$ on yourself?
Replies: 108
Views: 12234

Re: How do you spend $$ on yourself?

Hi all- I am 31 and feel I have the saving/ investing part down. However, I feel I am not spending enough on myself. How do you budget spending on yourself? Sometimes I’m afraid of having too much of a good time because I don’t want to make it a habit lol. Let me know how you budget for vacations/ ...
by bhsince87
Sat Dec 28, 2019 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: White Coat Investor: Enough is Enough!
Replies: 289
Views: 31290

Re: White Coat Investor: Enough is Enough!

The point was you should be spending a decent amount of your income, and as your income goes up, your spending should go up commensurately. I agree that your spending can go commensurately with your income, but it certainly doesn't have to. Once you get to the point that you're really content with ...