Search found 2264 matches

by bhsince87
Wed Jun 19, 2019 11:31 pm
Forum: Investing - Theory, News & General
Topic: Indexing VS. buying Berkshire Hathaway stock?
Replies: 31
Views: 2134

Re: Indexing VS. buying Berkshire Hathaway stock?

They are not remotely the same thing.

Berkshire falls into the "active" category.

Investing with them is betting that the managers, whoever they may be, will keep up with or maybe do better than the market.

Indexing is accepting the returns of the market.
by bhsince87
Wed Jun 19, 2019 9:07 pm
Forum: Personal Consumer Issues
Topic: Anyone make their own tortillas?
Replies: 30
Views: 2479

Re: Anyone make their own tortillas?

Flour tortillas are pretty easy to make, and the recipes are diverse. No need for a press, just a rolling pin. Corn tortillas are a different story. I've tried many times but was never happy with the results. And they're more work. That being said, I agree with previous posters that the uncooked ref...
by bhsince87
Wed Jun 19, 2019 8:45 pm
Forum: Investing - Theory, News & General
Topic: Good times: 2008 vs Now
Replies: 40
Views: 3165

Re: Good times: 2008 vs Now

I'm 54, been investing since I was 22, and have always been an economy/business nerd. IMO, things are good now. Might even say "goldilocks good". Not too hot and hyper and full of speculation. But solid in most areas. And I would also say 2008/9 wasn't the worst I've seen in my lifetime. It definite...
by bhsince87
Wed Jun 19, 2019 4:09 pm
Forum: Personal Consumer Issues
Topic: My Cost of Progressive Lenses/glasses - did I pay too much?
Replies: 69
Views: 3658

Re: My Cost of Progressive Lenses/glasses - did I pay too much?

unclescrooge wrote:
Wed Jun 19, 2019 2:27 pm
Does Costco's money back guarantee not apply to prescription eye glasses?
[/quote]

No. Only if the glasses are in some way defective. I had a similar experience and was not able to return them.
by bhsince87
Tue Jun 18, 2019 9:38 pm
Forum: Investing - Theory, News & General
Topic: population growth and consumption
Replies: 15
Views: 1224

Re: population growth and consumption

I remember in the 1970's and 80's when the "experts" predicted that population growth would exceed the planet's ability to sustain us all. It didn't happen. Trying to predict events a few years from now is very difficult. Worrying about how events in 2070 might affect your investment choices today i...
by bhsince87
Tue Jun 18, 2019 8:54 pm
Forum: Personal Consumer Issues
Topic: Life after COBRA - selecting new health insurance
Replies: 24
Views: 1561

Re: Life after COBRA - selecting new health insurance

If it is only a few years until you are Medicare-eligible and the premiums aren’t a budget-buster, I would be tempted to stay on the retiree plan (and review decision annually) to avoid having to rely on ACA coverage being available until Medicare. Businesses can also stop offering retiree health i...
by bhsince87
Tue Jun 18, 2019 4:39 pm
Forum: Investing - Theory, News & General
Topic: How safe are pensions in the U.S.?
Replies: 86
Views: 8392

Re: How safe are pensions in the U.S.?

Two thoughts/comments about the safety of pensions: - If your private company pension is transferred to an insurance company (converted to an annuity) it is no longer protected by the PBGC (see http://www.pensionrights.org/publications/fact-sheet/what-happens-when-pension-transferred-insurance-comp...
by bhsince87
Tue Jun 18, 2019 4:19 pm
Forum: Personal Investments
Topic: Big changes, Retirement is Imminent
Replies: 23
Views: 2767

Re: Big changes, Retirement is Imminent

How much do you think you'll need for the first 10 years? Looks like you already have about $1.1 million in bonds/cash, etc. It sounds like you're mostly just contemplating shortening the duration of your fixed income side. Nothing wrong with that. We pretty much did the same thing as you are planni...
by bhsince87
Tue Jun 18, 2019 3:30 pm
Forum: Personal Consumer Issues
Topic: My Cost of Progressive Lenses/glasses - did I pay too much?
Replies: 69
Views: 3658

Re: My Cost of Progressive Lenses/glasses - did I pay too much?

I spent about $600 for high end progressives about 2 years ago. It was a huge step up from the first progressives I tried. I liked them so much, I wanted a back up pair, to wear when i'm outside, at the beach, etc. So I went with the top of the line at Costco, about $300 at the time, IIRC. The Costc...
by bhsince87
Tue Jun 18, 2019 2:25 pm
Forum: Personal Consumer Issues
Topic: Radon levels in home
Replies: 31
Views: 2721

Re: Radon levels in home

Curious if these are two most popular potable radon detectors people use: Corentium Home Radon Detector by Airthings 223 Portable Safety Siren Pro Series3 Radon Gas Detector - HS71512 by Family Safety Products Can you share your experiences with them on pitfalls /issues/recommendations? Thanks! I h...
by bhsince87
Mon Jun 17, 2019 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: With hindsight, what signs indicated you were about to lose your job?
Replies: 127
Views: 10990

Re: With hindsight, what signs indicated you were about to lose your job?

Curious, are there any "axe swingers" who would like to chime in? I had a boss one time which was perfectly fine with swinging the layoff axe. He said that it's part of business and people should realize that. Until, of course, he got axed and then his outlook on the process changed quite dramatica...
by bhsince87
Mon Jun 17, 2019 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Should we retire in 4 years?
Replies: 31
Views: 3789

Re: Should we retire in 4 years?

Does the $45k expenses include health insurance? For example for DW and me, age 54 and 52, ACA insurance is $28k, and has a $4k deductible. So we're looking at $32k min for healthcare alone! If we can get our income down below about $65k per year, that drops to about $7k per year with a subsidy. Ha...
by bhsince87
Mon Jun 17, 2019 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Should we retire in 4 years?
Replies: 31
Views: 3789

Re: Should we retire in 4 years?

Does the $45k expenses include health insurance? For example for DW and me, age 54 and 52, ACA insurance is $28k, and has a $4k deductible. So we're looking at $32k min for healthcare alone! If we can get our income down below about $65k per year, that drops to about $7k per year with a subsidy. Hav...
by bhsince87
Mon Jun 17, 2019 1:40 pm
Forum: Personal Consumer Issues
Topic: Radon levels in home
Replies: 31
Views: 2721

Re: Radon levels in home

Curious if these are two most popular potable radon detectors people use: Corentium Home Radon Detector by Airthings 223 Portable Safety Siren Pro Series3 Radon Gas Detector - HS71512 by Family Safety Products Can you share your experiences with them on pitfalls /issues/recommendations? Thanks! I h...
by bhsince87
Mon Jun 17, 2019 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: With hindsight, what signs indicated you were about to lose your job?
Replies: 127
Views: 10990

Re: With hindsight, what signs indicated you were about to lose your job?

The only time it happened to me, there weren't many specific signs. The company (about Fortune 150 at the time) had long been negotiating a major merger, because Wall Street folks thought it was "underperforming" from a profitability perspective. Our gross margins were something like 20% while most ...
by bhsince87
Mon Jun 17, 2019 12:53 pm
Forum: Investing - Theory, News & General
Topic: Would a war be bullish for bearish for stocks?
Replies: 14
Views: 987

Re: Would a war be bullish for bearish for stocks?

The question is too broad. A lot depends on who, where, why, and how.

Potentially, war is one of the few events that can take your investments down to zero.
by bhsince87
Sat Jun 15, 2019 11:13 pm
Forum: Personal Consumer Issues
Topic: weighted blankets
Replies: 23
Views: 4605

Re: weighted blankets

Wife and I tried one, and we both hated it!

I felt like I was trapped in a spider web.

We gave it away after a week.
by bhsince87
Sat Jun 15, 2019 10:45 pm
Forum: Personal Consumer Issues
Topic: Radon levels in home
Replies: 31
Views: 2721

Re: Radon levels in home

I was paranoid about radon in our home for many years. We tested marginal when we bought the home. I spent $150 (on sale) for a continuous electronic monitor. The Wave from these folks. https://www.airthings.com/en-us/homeowners. HAd it about 2 years now, and it's been enlightening! Our basement def...
by bhsince87
Tue Jun 11, 2019 10:18 pm
Forum: Investing - Theory, News & General
Topic: What financial information do you wish was more commonly known?
Replies: 46
Views: 7449

Re: What financial information do you wish was more commonly known?

That amount of saving is more important than where/what/how one invests.
by bhsince87
Tue Jun 11, 2019 9:44 pm
Forum: Personal Consumer Issues
Topic: Careers that combine art/design and science?
Replies: 36
Views: 1508

Re: Careers that combine art/design and science?

The intersection of art/design/and science is engineering.

Although there is a bit of economics thrown in too.

But if she's "not a people person", she'll fit right in.
by bhsince87
Tue Jun 11, 2019 8:53 pm
Forum: Investing - Theory, News & General
Topic: Anyone buying Beyond Meat stock?
Replies: 35
Views: 2780

Re: Anyone buying Beyond Meat stock?

Soy = bad for men due to significant phytoestrogens. If you want to reduce animal suffering and the environmental of posturing cattle, then tissue cultured beef grown in vitro with the much better omega 3 to omega 6 ratio of grass fed beef would be the way to go. This is an oversimplification. Soy ...
by bhsince87
Tue Jun 11, 2019 1:37 pm
Forum: Investing - Theory, News & General
Topic: Downsides of VPW?
Replies: 101
Views: 6792

Re: Downsides of VPW?

Yes, I'd much prefer spending 28k at 75 and 80k at 95 than having nothing left to spend at, say, age 85. And zero to spend at age 86, 87, 88, 89, .... You don't have zero to spend. You have your Social Security + SPIA. It's not even that bad. First, the idea that retirees will blindly spend their p...
by bhsince87
Tue Jun 11, 2019 1:11 pm
Forum: Investing - Theory, News & General
Topic: The impact of Baby Boomers on the Future of U.S. Stocks
Replies: 41
Views: 5238

Re: The impact of Baby Boomers on the Future of U.S. Stocks

There is one huge point that was mentioned, but seemingly overlooked.

If the majority of baby boomers have indeed "under saved", then they have very few assets to sell.
by bhsince87
Mon Jun 10, 2019 11:42 pm
Forum: Personal Consumer Issues
Topic: Anything you wish you had spent money on when you were younger?
Replies: 71
Views: 6472

Re: Anything you wish you had spent money on when you were younger?

As the perpetual dissenter, I will say definitely not travel. With all the travel I've done, for leisure and for business, I've come to the realization that it just isn't my thing. I blew plenty of money early in my life on international trips trying to enjoy it, and now I travel several times a ye...
by bhsince87
Mon Jun 10, 2019 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a house in Nova/DC area?
Replies: 23
Views: 2066

Re: Should I buy a house in Nova/DC area?

I can't think of how this could possibly be a good idea. Not financially, and certainly not from an emotional or stress standpoint. Do you really want to be worried about a property when you are thousands of miles away? And your desires now will probably be different than in 6 years from now. I'd wa...
by bhsince87
Mon Jun 10, 2019 7:34 pm
Forum: Personal Consumer Issues
Topic: Anything you wish you had spent money on when you were younger?
Replies: 71
Views: 6472

Re: Anything you wish you had spent money on when you were younger?

I kind of wish I had spent the money and time for a Masters Degree in Electrical Engineering. I took a couple classes, and decided it wasn't probably worth it for my career. And I think I was 100% correct in that. I can't imagine my career being any more successful than it was. I became sort of a su...
by bhsince87
Sat Jun 08, 2019 10:30 pm
Forum: Investing - Theory, News & General
Topic: Investing Techniques For People Approaching Retirement In This Aging Bull Market
Replies: 35
Views: 5224

Re: Investing Techniques For People Approaching Retirement In This Aging Bull Market

I don't want to go too far astray or theoretical here, but the debt thing is a pet peeve of mine. Since at least 1971, the meaning of debt has changed. Money now IS debt. If the economy grows, debt MUST grow, or else we see deflation. Too much debt can be bad, no doubt. But debt should grow as the ...
by bhsince87
Sat Jun 08, 2019 9:24 pm
Forum: Investing - Theory, News & General
Topic: Investing Techniques For People Approaching Retirement In This Aging Bull Market
Replies: 35
Views: 5224

Re: Investing Techniques For People Approaching Retirement In This Aging Bull Market

Thanks for the comments so far - and I appreciate the steadfast approach people have with their investment philosophy. Good for them! I also heed the advice on stop loss orders. World is awash in more debt (sovereign and corporate) now than ever before. The next crash may not recover as fast as the...
by bhsince87
Sat Jun 08, 2019 11:55 am
Forum: Personal Consumer Issues
Topic: Lodging and restaurants in Boone, NC.
Replies: 21
Views: 1376

Re: Lodging and restaurants in Boone, NC.

I'm a fan of Woodlands BBQ in Blowing Rock. Pretty much a dive, but good BBQ!

My wife bought me a T-shirt there on our honeymoon 30 years ago. It's now worn through with holes, stained, and the logo is faded. But I wore it in there anyway last year, and they gave me a new one for free!
by bhsince87
Sat Jun 08, 2019 11:12 am
Forum: Investing - Theory, News & General
Topic: Investing Techniques For People Approaching Retirement In This Aging Bull Market
Replies: 35
Views: 5224

Re: Investing Techniques For People Approaching Retirement In This Aging Bull Market

My spouse is still working, but I am retired. We are withdrawing from our portfolio to pay expenses. I looked at your list and we pretty much do the opposite of what you listed. A major reason is that in our sixties we have 40 to 50 years ahead of us. It is not like one is going to withdraw all the...
by bhsince87
Sat Jun 08, 2019 10:24 am
Forum: Investing - Theory, News & General
Topic: The logical fallacy behind "Bonds Are For Safety"
Replies: 248
Views: 15382

Re: The logical fallacy behind "Bonds Are For Safety"

BND provides almost no diversification power at all it turns out. It's primary function is lowering risk , not in diversification. A 60/40 portfolio of stocks and BND still is taking 99% of its risk in the stocks. A 60/40 portfolio of stocks and EDV is taking only 51% of its risk in the stocks. So ...
by bhsince87
Fri Jun 07, 2019 10:49 pm
Forum: Investing - Theory, News & General
Topic: The logical fallacy behind "Bonds Are For Safety"
Replies: 248
Views: 15382

Re: The logical fallacy behind "Bonds Are For Safety"

Few aphorisms are so blithely repeated as "bonds are for safety", and I've always wondered how such an illogical piece of advice came to become so commonly accepted. Some of the popularity that this "bonds are for safety" has to do with the weak grasp that many investors, even professional investor...
by bhsince87
Tue Jun 04, 2019 10:30 pm
Forum: Personal Consumer Issues
Topic: Electric Wood Chipper?
Replies: 9
Views: 770

Re: Electric Wood Chipper?

I am having one of these delivered tomorrow! https://www.amazon.com/gp/product/B007VX11O8/ref=ppx_yo_dt_b_asin_title_o00_s00?ie=UTF8&psc=1 Obviously, no report on it yet.... But I had a Craftsman electric unit that I used for 20 years, until a tree fell on it. I used it to make mulch. Otherwise I j...
by bhsince87
Tue Jun 04, 2019 10:20 pm
Forum: Investing - Theory, News & General
Topic: Downsides of VPW?
Replies: 101
Views: 6792

Re: Downsides of VPW?

I don't understand this argument. Can you explain it in more detai? Maybe provide an example? Open up the VPW spreadsheet, go to the "Backtesting" tab, and change C19 "Start Year" to 1966. Then look at I32, the inflation-adjusted withdrawal for the 10th year of retirement when you are 74 years old....
by bhsince87
Tue Jun 04, 2019 9:11 pm
Forum: Investing - Theory, News & General
Topic: Downsides of VPW?
Replies: 101
Views: 6792

Re: Downsides of VPW?

I don't understand this argument. Can you explain it in more detai? Maybe provide an example? Open up the VPW spreadsheet, go to the "Backtesting" tab, and change C19 "Start Year" to 1966. Then look at I32, the inflation-adjusted withdrawal for the 10th year of retirement when you are 74 years old....
by bhsince87
Tue Jun 04, 2019 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Tell us your side hustle success stories.
Replies: 68
Views: 6859

Re: Tell us your side hustle success stories.

I keep wanting to do something on the side, don't know what (could be something like writing software or engineering consulting.) In the meantime: - All my own gardening/landscaping - All basic auto maintenance - All basic home maintenance - Home IT dept - Weekend cook There's a lot to be said for ...
by bhsince87
Tue Jun 04, 2019 8:31 pm
Forum: Investing - Theory, News & General
Topic: Downsides of VPW?
Replies: 101
Views: 6792

Re: Downsides of VPW?

I think the biggest downside of VPW, for some people, is the potential for significant income changes from year to year. This can be an issue for folks who have always used a strict biweekly/monthly/yearly budget, and match cash flows of income/outgo. We've been on a highly variable, bonus based sa...
by bhsince87
Tue Jun 04, 2019 10:48 am
Forum: Investing - Theory, News & General
Topic: Downsides of VPW?
Replies: 101
Views: 6792

Re: Downsides of VPW?

I think the biggest downside of VPW, for some people, is the potential for significant income changes from year to year. This can be an issue for folks who have always used a strict biweekly/monthly/yearly budget, and match cash flows of income/outgo. We've been on a highly variable, bonus based sal...
by bhsince87
Mon Jun 03, 2019 9:37 pm
Forum: Personal Investments
Topic: Should I increase my bond percentage now that I've accumulated more assets even though only 43 years old
Replies: 8
Views: 1764

Re: Should I increase my bond percentage now that I've accumulated more assets even though only 43 years old

Sounds like you're doing everything right already. So there is no right or wrong answer for this.

If you can handle the increased volatility emotionally, I'd stay the course with your current plan. I'd only consider going to more bonds if/when you get the urge to punch out early.
by bhsince87
Mon Jun 03, 2019 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire at 56?
Replies: 34
Views: 5982

Re: Can I retire at 56?

IMO, you're in good shape. I just retired recently at 54, wife 52, with about $3.5 million liquid, $500k real estate, and $20k income from an ebay business. So we're very close to your situation. BUT, we have no children. And also we have no mortgage. Do you have a more detailed future budget worked...
by bhsince87
Mon Jun 03, 2019 1:42 pm
Forum: Personal Investments
Topic: Would you sell AAPL to reduce stock exposure?
Replies: 20
Views: 1665

Re: Would you sell AAPL to reduce stock exposure?

If today's trend continues, you could possibly just wait a few days and they'll be back under 5% again.....
by bhsince87
Mon Jun 03, 2019 1:36 pm
Forum: Personal Consumer Issues
Topic: Road Trip! Texas to Virginia places to see/visit
Replies: 21
Views: 1021

Re: Road Trip! Texas to Virginia places to see/visit

I've made the trip from Houston to Roanoke a few times. That's pretty direct on interstates 20-59-75-81. But for fun, I've jumped off the interstates and gone on US Rt 11. It pretty much parallels the interstates from Alabama to Virginia. It nice if you just want to see some random off-the-interstat...
by bhsince87
Sun Jun 02, 2019 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Fun paid jobs after FIRE
Replies: 171
Views: 14895

Re: Fun paid jobs after FIRE

I've thought about being a substitute teacher after I quit working my "real job." Local school district pays $135 per day, and are always looking for more substitute teachers. - no summer hours - decide each day whether I want to work - no planning stress - school lets out early/mid afternoon. Plen...
by bhsince87
Sun Jun 02, 2019 2:02 pm
Forum: Investing - Theory, News & General
Topic: 2% withdrawal rate
Replies: 182
Views: 12746

Re: 2% withdrawal rate

Bragging or not bragging, it doesn’t matter to me in particular. I guess it’s the way you phrased it that makes it more of a postulation than a question even though it has a question mark to it. Frankly, it is not just you who believe and state emphatically that 2% is a reasonable withdrawal rate t...
by bhsince87
Thu May 30, 2019 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Fun paid jobs after FIRE
Replies: 171
Views: 14895

Re: Fun paid jobs after FIRE

Was on my way to a lunchtime work meeting yesterday. Saw a late-50s (or so) guy mowing the grass in one of the city parks. Part of me wanted to give notice when I got back to the office and just drive lawn tractor. If you like mowing, that's a very lucrative business. I pay for yard service, and it...
by bhsince87
Thu May 30, 2019 9:52 pm
Forum: Investing - Theory, News & General
Topic: 2% withdrawal rate
Replies: 182
Views: 12746

Re: 2% withdrawal rate

Have the trinity study results ever been converted to other countries? 2% is certainly conservative if looking at US data but US data may not continue to act like US data. What does Japan's trinity study show to be prudent? I find it odd that people are ridiculed for thinking 2% is far too cautious...
by bhsince87
Thu May 30, 2019 12:28 pm
Forum: Investing - Theory, News & General
Topic: 2% withdrawal rate
Replies: 182
Views: 12746

Re: 2% withdrawal rate

Thanks for all of the responses. I'm just curious, how many of you that responded are actually currently retired? If you are retired, what withdrawal rate are you using? I've been retired 5 months, age 54. I've struggled with this decision. I decided to go with spending interest and dividends for n...
by bhsince87
Thu May 30, 2019 11:07 am
Forum: Investing - Theory, News & General
Topic: [Nominal] Annuities are a bet on future inflation rates and should not be purchased by retirees
Replies: 183
Views: 12235

Re: Annuities are a bet on future inflation rates and should not be purchased by retirees

I purchased a nominal annuity shortly after the age of 59.5, the year I retired in 2007 - just over 12 years ago. While I was concerned about inflation, I wasn't consumed by it. My wife/me had three notes/mortgages through the years; the first at 10% (1975), the second at 10% (1979) and our last at...
by bhsince87
Wed May 29, 2019 9:34 pm
Forum: Investing - Theory, News & General
Topic: 2% withdrawal rate
Replies: 182
Views: 12746

Re: 2% withdrawal rate

If you're invested in 100% treasuries and retire at age 35, then, yes, maybe 2% is a good rule of thumb for a target.

But still, like with the 4% number, flexibility is as important as the actual target number.