Search found 1168 matches

by flyingaway
Tue Oct 17, 2017 11:06 am
Forum: Personal Consumer Issues
Topic: Anyone taken a mid-career sabbatical?
Replies: 47
Views: 6693

Re: Anyone taken a mid-career sabbatical?

Has anyone here ever taken one? What did you do? Would you recommend it? I'm late 30s with good savings but not near retirement level. I'm thinking of one as a way to test some passions, travel and basically have new experiences I can't manage now with an intense job. I think you need to distinguis...
by flyingaway
Tue Oct 17, 2017 10:58 am
Forum: Investing - Theory, News & General
Topic: Vanguard expects "decent sized correction" soon, sometime, maybe later
Replies: 61
Views: 4723

Re: Vanguard expects "decent sized correction" soon

I am not an expert, and I am skeptical of expert forecasts. I am applying my own logic as follows: - potential drivers for higher market values (e.g., tax cuts) are already priced in - failure to accomplish market-friendly initiatives would send the market down - geopolitical events in the U.S. or ...
by flyingaway
Mon Oct 16, 2017 11:14 am
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 6756

Re: How long for hedonic adaptation to set in?

I don't know how much is the difference between economy class and first class for domestic flights. I just checked a Delta flight from a US city to a China city that I bought a return ticket for early next year. Delta economy class: $741, Delta Economy Comfort: $1,182, Delta One (First or Business ...
by flyingaway
Mon Oct 16, 2017 9:59 am
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 6756

Re: How long for hedonic adaptation to set in?

I have decided that at my age (68) I will no longer fly in economy even for a few hours if I have a reasonable option to fly in a more comfortable seat, which I should if it isn't a last-minute emergency where the better seats are thousands of dollars more. I find economy not merely uncomfortable b...
by flyingaway
Mon Oct 16, 2017 9:39 am
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 6756

Re: How long for hedonic adaptation to set in?

Many people think retirement (and travel) is the ultimate goal of saving and investing, I think I have to test it before I really do that. I am taking a 9 month sabbatical leave to see if I can do what I want to do in retirement and do not miss the work. Maybe I will have a hard time to come back af...
by flyingaway
Fri Oct 13, 2017 11:35 am
Forum: Investing - Help with Personal Investments
Topic: How young is too young to retire.
Replies: 49
Views: 5743

Re: How young is too young to retire.

It depends. Those princes and princesses and those with trust funds are born into retirement.

For most people, make and save money to get financial independence and see if you want to retire.
by flyingaway
Fri Oct 13, 2017 11:13 am
Forum: Investing - Theory, News & General
Topic: Cash on the sidelines impact ?
Replies: 14
Views: 1459

Re: Cash on the sidelines impact ?

Don't expect those people in Japan and Germany to buy stocks any time soon. With a good pension and health system, who needs to invest?
by flyingaway
Fri Oct 13, 2017 11:05 am
Forum: Investing - Theory, News & General
Topic: Cash on the sidelines impact ?
Replies: 14
Views: 1459

Re: Cash on the sidelines impact ?

My parents never bought any stocks, all in cash for their entire life.

(I have to add that they never had much in savings.)
by flyingaway
Thu Oct 12, 2017 2:44 pm
Forum: Personal Consumer Issues
Topic: Going First Class
Replies: 42
Views: 2312

Re: Going First Class

For domestic flights of a few hours, I do not think it makes a huge difference for different classes of seats. You do get a free meal and some wine in first class. But I can get better meals and wine at an airport restaurant before or after the flight, for a fraction of the money. However, for inter...
by flyingaway
Thu Oct 12, 2017 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: 100% invested, all in, no cash- how do you do it?
Replies: 42
Views: 3487

Re: 100% invested, all in, no cash- how do you do it?

I am 100% invested in stock funds (this is the bragging right), (except that I have 7 years of expenses kept in a separate bucket in fixed income).
by flyingaway
Thu Oct 12, 2017 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: 100% invested, all in, no cash- how do you do it?
Replies: 42
Views: 3487

Re: 100% invested, all in, no cash- how do you do it?

We have an asset allocation of about 60% equities and 40% bond funds. And no cash. If we need to buy more equities, we simply exchange from our bond funds to our stock funds. Simple. Bond funds are up about 3.5% so far this year which is a much higher return than cash. I was having a feeling that y...
by flyingaway
Thu Oct 12, 2017 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Best Career Advice for those over "50"
Replies: 60
Views: 6197

Re: Best Career Advice for those over "50"

I think making yourself financially independent by 50 is the most important (which I did not). You can sharp your skills (or not) after that.
by flyingaway
Wed Oct 11, 2017 6:55 pm
Forum: Investing - Theory, News & General
Topic: 10 year anniversary of the beginning of the Great Recession
Replies: 45
Views: 4153

Re: 10 year anniversary of the beginning of the Great Recession

I remember that my wife came home every day and told me that we should get out of the market. I told her it's already too late. We did not do anything.
by flyingaway
Tue Oct 10, 2017 2:44 pm
Forum: Investing - Theory, News & General
Topic: 100% in bond to wait for market crash?
Replies: 122
Views: 11625

Re: 100% in bond to wait for market crash?

The problem with the market timing approach is that you have to be right TWICE. So you sell out now and two years from now the market, after going up 7% per year has a typical recession drop of 25%. Do you buy back in then or wait for another 25% drop? What if it then bounces up 10% after the 25% d...
by flyingaway
Tue Oct 10, 2017 9:13 am
Forum: Investing - Theory, News & General
Topic: 100% in bond to wait for market crash?
Replies: 122
Views: 11625

Re: 100% in bond to wait for market crash?

I guess that the real reason is that you think there will come a crash soon and you will be able to buy back with all the bond money. To tell you the truth, I have the same feeling. The trouble is that I do not know when the crash will come, and if it comes, I do not know when to jump in. If you hav...
by flyingaway
Mon Oct 09, 2017 5:17 pm
Forum: Personal Consumer Issues
Topic: Bogota and the Coast of Colombia travel
Replies: 57
Views: 8452

Re: Bogota and the Coast of Colombia travel

Thank you, aerofreaky11, for the detailed information.
by flyingaway
Sat Oct 07, 2017 12:51 pm
Forum: Investing - Theory, News & General
Topic: I'm thinking about cashing completely out of equites....
Replies: 75
Views: 8052

Re: I'm thinking about cashing completely out of equites....

rgs92 wrote:
Sat Oct 07, 2017 12:19 pm
At a P/E of 18, the market is not seriously or obviously (and certainly not predictably) overvalued. It was just undervalued before.
Is the current P/E 25.4?
by flyingaway
Wed Oct 04, 2017 2:01 pm
Forum: Investing - Theory, News & General
Topic: Some Hand-Holding
Replies: 17
Views: 1201

Re: Some Hand-Holding

I am exactly like you. On one hand, I am afraid of a market crash that may destroy my FI status and miss the opportunity to buy in crash by holding too much stocks now. On the other hand, I am concerned about losing money in the current bull market by holding too much bonds. I am currently at about ...
by flyingaway
Tue Oct 03, 2017 8:34 am
Forum: Investing - Theory, News & General
Topic: Buy on Really Bad Days, Sell on Really Good Days?
Replies: 169
Views: 9115

Re: Buy on Really Bad Days, Sell on Really Good Days?

Can we start a new sub-forum entitled Good Market Timing Strategies for Bogleheads?
by flyingaway
Mon Oct 02, 2017 9:33 pm
Forum: Local Chapters and Bogleheads Community
Topic: Retirement Class of 1998 (Sheepdog's Experience)
Replies: 45
Views: 4041

Re: Retirement Class of 1998 (Sheepdog's Experience)

4.5% withdraw against the portfolio is forever safe. Do you really feel the increase of the portfolio matched the inflation? Yes, it exceeded MY inflation.....not the CPI possibly. I do not buy new electronics every year. I do not buy new houses or rent new apartments every year, in fact I live in ...
by flyingaway
Mon Oct 02, 2017 4:46 pm
Forum: Local Chapters and Bogleheads Community
Topic: Retirement Class of 1998 (Sheepdog's Experience)
Replies: 45
Views: 4041

Re: Retirement Class of 1998 (Sheepdog's Experience)

4.5% withdraw against the portfolio is forever safe. Do you really feel the increase of the portfolio matched the inflation? Yes, it exceeded MY inflation.....not the CPI possibly. I do not buy new electronics every year. I do not buy new houses or rent new apartments every year, in fact I live in ...
by flyingaway
Mon Oct 02, 2017 4:42 pm
Forum: Investing - Theory, News & General
Topic: Current Bull Market could last years
Replies: 89
Views: 9691

Re: Current Bull Market could last years

One of the things that concerns me is that investors seem to be turning more and more optimistic. As a stock investor, you want to see high levels of pessimism. This is counter-intuitive, but pretty much when everyone becomes optimistic, the market runs out of new buyers to propel the markets even ...
by flyingaway
Mon Oct 02, 2017 1:04 pm
Forum: Investing - Theory, News & General
Topic: Current Bull Market could last years
Replies: 89
Views: 9691

Re: Current Bull Market could last years

I'm pretty close to 100% stocks (with a little cash from dividends that I haven't reinvested yet). With the Federal Reserve ending QE and raising rates I think bonds are a bigger risk than stocks right now. The Vanguard Total Bond ETF (BND) has a negative return over the past year and has only retu...
by flyingaway
Mon Oct 02, 2017 12:56 pm
Forum: Investing - Theory, News & General
Topic: Current Bull Market could last years
Replies: 89
Views: 9691

Re: Current Bull Market could last years

One of the things that concerns me is that investors seem to be turning more and more optimistic. As a stock investor, you want to see high levels of pessimism. This is counter-intuitive, but pretty much when everyone becomes optimistic, the market runs out of new buyers to propel the markets even ...
by flyingaway
Mon Oct 02, 2017 12:53 pm
Forum: Local Chapters and Bogleheads Community
Topic: Retirement Class of 1998 (Sheepdog's Experience)
Replies: 45
Views: 4041

Re: Retirement Class of 1998 (Sheepdog's Experience)

It has been 19 years. There wasn't a Boglehead's "Roll Call for the Retirement Class of 1998". Bogleheads hadn't been founded yet, but the Morningstar Vanguard Diehards forum was founded in March 1998 and from that came this group which commenced in 2007. Taylor Larimore, our chief advisor from tha...
by flyingaway
Mon Oct 02, 2017 10:47 am
Forum: Investing - Theory, News & General
Topic: Current Bull Market could last years
Replies: 89
Views: 9691

Re: Current Bull Market could last years

oldcomputerguy wrote:
Mon Oct 02, 2017 10:37 am
flyingaway wrote:
Mon Oct 02, 2017 10:33 am
Not very helpful. I want to know how many more days the current bull market will last.
I don't care how many more days the current bull market will last. When the drop comes, I'll rebalance and go on with life.
To tell you a secret, I want to sell before the crash, and buy back after.
by flyingaway
Mon Oct 02, 2017 10:40 am
Forum: Local Chapters and Bogleheads Community
Topic: Retirement Class of 1998 (Sheepdog's Experience)
Replies: 45
Views: 4041

Re: Retirement Class of 1998 (Sheepdog's Experience)

I like to hear real experience from those retired many years ago, which is much more useful and touching than the endless rudimentary questions and discussions about investing and LBYM.
by flyingaway
Mon Oct 02, 2017 10:33 am
Forum: Investing - Theory, News & General
Topic: Current Bull Market could last years
Replies: 89
Views: 9691

Re: Current Bull Market could last years

Not very helpful. I want to know how many more days the current bull market will last.
by flyingaway
Sun Oct 01, 2017 11:11 am
Forum: Investing - Theory, News & General
Topic: Glide up or glide down before retirement?
Replies: 7
Views: 1323

Glide up or glide down before retirement?

Assume I have about three years to retirement and my preferred target asset allocation in retirement is 70/30. (1) I could set it now at 70/30, and put my new contribution in the same ratio. (2) I could set it now at 60/40 because of the high market price and glide up to 70/30 with new contributions...
by flyingaway
Sun Oct 01, 2017 10:31 am
Forum: Personal Finance (Not Investing)
Topic: loosening the purse strings a bit at 37?
Replies: 30
Views: 3889

Re: loosening the purse strings a bit at 37?

For the OP, my wife and I both work, and we make approximately the same amount of money. We save about 50% of our gross income, dependent upon years (mortgage, private college tuition, etc.).
by flyingaway
Sun Oct 01, 2017 10:27 am
Forum: Personal Finance (Not Investing)
Topic: loosening the purse strings a bit at 37?
Replies: 30
Views: 3889

Re: loosening the purse strings a bit at 37?

After we decided to lose our purse strings, we found we are no longer financially independent, since our expenses go up. This is the thing I always wonder about with these threads - if your expenses go up doesn't your pot of money need to go up also? This is why I think KlangFool's 1/3,1/3,1/3 make...
by flyingaway
Sun Oct 01, 2017 9:55 am
Forum: Personal Finance (Not Investing)
Topic: loosening the purse strings a bit at 37?
Replies: 30
Views: 3889

Re: loosening the purse strings a bit at 37?

I started my current job at 34 with zero savings and a few thousand dollars of medical debt. So you are in a much better position. I am a frugal person from my family background, but my wife is not (also from family influence). So I tried to save and my wife tried to spend, and we somehow reached a ...
by flyingaway
Sun Oct 01, 2017 9:40 am
Forum: Investing - Theory, News & General
Topic: 3 stages of Financial Independence
Replies: 63
Views: 7005

Re: 3 stages of Financial Independence

We have a binary 0/1 threshold for FI. The point that we can support the same very non-frugal and comfortable financial lifestyle without the requirement to work for others that we have now while working for others. If one is forced to downsize everything financially in retirement and take on addit...
by flyingaway
Sun Oct 01, 2017 9:35 am
Forum: Personal Finance (Not Investing)
Topic: loosening the purse strings a bit at 37?
Replies: 30
Views: 3889

Re: loosening the purse strings a bit at 37?

You need to have a reason to lose your purse strings. Otherwise you might just keep losing and get lost eventually.
As I said in another thread, we reached financial independence. After we decided to lose our purse strings, we found we are no longer financially independent, since our expenses go up.
by flyingaway
Sun Oct 01, 2017 9:31 am
Forum: Personal Consumer Issues
Topic: What will happen if I refuse to pay a medical bill?
Replies: 125
Views: 7341

Re: What will happen if I refuse to pay a medical bill?

As I mentioned in another thread, my wife was charged more than $700 for an ultrasound exam. She was told that the exam is free when she was checking in and asked specifically about the price. (The exam was recommended by the doctor, but not absolutely necessary). She checked online and asked friend...
by flyingaway
Sat Sep 30, 2017 11:23 pm
Forum: Investing - Theory, News & General
Topic: No More Saving???
Replies: 114
Views: 10448

Re: No More Saving???

The giving doesn't have to be to just charities, there may be others deserving of something under the reporting thresholds... For many years, I have been voluntarily giving money to my parents, just to thank them for their giving me my life and raising me. I also gave money to my disabled sister. J...
by flyingaway
Sat Sep 30, 2017 11:16 pm
Forum: Investing - Theory, News & General
Topic: Guy proves that Buy The Dip strategy works (via backtests) any rebuttals?
Replies: 65
Views: 6407

Re: Guy proves that Buy The Dip strategy works (via backtests) any rebuttals?

angelescrest wrote:
Sat Sep 30, 2017 8:05 am
flyingaway wrote:
Thu Sep 28, 2017 10:34 am
I wish I could know what is coming is a dip or a pre-crash.
Me, too, but I am really smart and would buy it once I know the crash hits bottom. :P
Please PM me if the real bottom is coming in the next crash. I just need one to retire.
by flyingaway
Sat Sep 30, 2017 11:15 pm
Forum: Investing - Theory, News & General
Topic: 3 stages of Financial Independence
Replies: 63
Views: 7005

Re: 3 stages of Financial Independence

TheTimeLord wrote:
Sat Sep 30, 2017 7:57 pm
flyingaway wrote:
Sat Sep 30, 2017 5:16 pm
There are many people who don't want to retire and just enjoy their never ending parties at Stage 0 forever.
Why would you assume they were at Stage 0?
I was talking about those people who live on paycheck to paycheck and do not save.
by flyingaway
Sat Sep 30, 2017 11:13 pm
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 192
Views: 12795

Re: Why do you LBYM? Why do you save and invest?

Klangfool, I LBYM because I don't want others who have less means to feel bad about themselves. I've always felt that buying expensive things that are unnecessary (i.e. flashy cars) is almost like rubbing it in the face of others who don't have the means to afford those. How about all your friends ...
by flyingaway
Sat Sep 30, 2017 5:16 pm
Forum: Investing - Theory, News & General
Topic: 3 stages of Financial Independence
Replies: 63
Views: 7005

Re: 3 stages of Financial Independence

There are many people who don't want to retire and just enjoy their never ending parties at Stage 0 forever.
by flyingaway
Sat Sep 30, 2017 10:42 am
Forum: Personal Consumer Issues
Topic: Bogota and the Coast of Colombia travel
Replies: 57
Views: 8452

Re: Bogota and the Coast of Columbia travel

Anyone been to Columbia recently? Safer than before given the agreements with FARC? My wife, son and I are looking to go somewhere in December for about two weeks and Columbia seems interesting. Son has taken a few years of Spanish so it could be a nice chance for him to practice his speaking. We l...
by flyingaway
Fri Sep 29, 2017 6:02 pm
Forum: Investing - Theory, News & General
Topic: 3 stages of Financial Independence
Replies: 63
Views: 7005

Re: 3 stages of Financial Independence

Only if I knew I am really FI.
by flyingaway
Fri Sep 29, 2017 6:01 pm
Forum: Investing - Theory, News & General
Topic: 3 stages of Financial Independence
Replies: 63
Views: 7005

Re: 3 stages of Financial Independence

3) Abundance - You have your basic expenses covered, you buy what you need when you need it and maybe upgrade when you do, you participate in hobbies or travel without regard to expense. The level of income your portfolio/pension/SS/etc. is expected to provide meaningfully exceeds the expectations ...
by flyingaway
Fri Sep 29, 2017 5:47 pm
Forum: Investing - Theory, News & General
Topic: 3 stages of Financial Independence
Replies: 63
Views: 7005

Re: 3 stages of Financial Independence

This concept has been discussed several times here. I think I called the three levels as: basic, comfortable, and luxurious.
by flyingaway
Thu Sep 28, 2017 10:19 am
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 192
Views: 12795

Re: Why do you LBYM? Why do you save and invest?

We started LBYM when I experienced my first "bad boss". I was miserable every day because of this person. At the time I was with the company for a long time and making a lot of money. I knew the only way out was saving hard. I learned about FI and knew the only way to get back at your bad employer ...
by flyingaway
Wed Sep 27, 2017 12:30 am
Forum: Investing - Theory, News & General
Topic: No More Saving???
Replies: 114
Views: 10448

Re: No More Saving???

Just wondering how many BH out there got to a point [in one's working years] where the need to save for retirement stopped? For example, has anyone stopped the accumulation phase before retiring? If so, please describe your situation. I am past the need to save for retirement at the normal retireme...
by flyingaway
Wed Sep 27, 2017 12:26 am
Forum: Investing - Theory, News & General
Topic: No More Saving???
Replies: 114
Views: 10448

Re: No More Saving???

We just reached financial independence by saving almost 50% of our income. If we stop saving, we have to enlarge our spending by 100%, which would ruin our financial independence . We do, however, increase our discretionary spending. Not necessarily -- you could also give this $$ away! Why should I...
by flyingaway
Tue Sep 26, 2017 7:33 pm
Forum: Personal Consumer Issues
Topic: Do you avoid risky adventures once you have the money?
Replies: 71
Views: 4094

Re: Do you avoid risky adventures once you have the money?

I still think that wealth has an impact on one`s desire to take risk. I don't doubt that you think that, but could you make the connection that you feel between the two? Is it that you think risk may kill you before you can spend all your hard-earned money? Is that what you were thinking when you h...
by flyingaway
Tue Sep 26, 2017 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation - Nearing Retirement
Replies: 26
Views: 2883

Re: Allocation - Nearing Retirement

I am 53, about 2~5 years from retirement. My current allocation is about 80/20. But I am not interested in a precise allocation, a good allocation is enough. I may drift to 70/30 or 75/25 within the next few years with new contributions.