Search found 1868 matches

by flyingaway
Mon Oct 15, 2018 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 43
Views: 3686

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I am wondering why this is not considered as a kind of market timing?
by flyingaway
Fri Oct 12, 2018 3:20 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7355
Views: 1544330

Re: U.S. stocks in freefall

I was planning to buy some dips today. Since it bounced back, I decided to buy a 25 day trip to Europe, Asia, and Africa.
by flyingaway
Fri Oct 12, 2018 10:09 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7355
Views: 1544330

Re: U.S. stocks in freefall

Roughly skimming the last few pages of the 146 pages of this thread leads me to the assumption that Bogleheads are strong believers in market timing . They also believe that past performance is a reliable predictor of future returns, both in the short term and in the long term. No judgment here.......
by flyingaway
Fri Oct 12, 2018 10:03 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7355
Views: 1544330

Re: U.S. stocks in freefall

Just wonder how many people on this board really saw this correction or market freefall coming? I will admit that I was surprised by its intensity and widespread retreat. Not only in equity but in bonds also. All the economic signs were good, earnings, job report, economy humming along, spat with C...
by flyingaway
Fri Oct 12, 2018 9:59 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7355
Views: 1544330

Re: U.S. stocks in freefall

Just wonder how many people on this board really saw this correction or market freefall coming? I just wait for them patiently. I don't try to predict them, but I do try to react to them after they happen. For instance, if I made 3% on my bond fund money by exchanging that bond fund into equities y...
by flyingaway
Wed Oct 10, 2018 10:53 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7355
Views: 1544330

Re: U.S. stocks in freefall

I'm going to go out on a limb and say that this is only a short-lived drop and not the beginnings of a bear market. Unemployment is trending downward and interest rates are not inverted yet. I certainly don't buy the argument that this is due to yields going up because yields are virtually unchange...
by flyingaway
Wed Oct 10, 2018 9:35 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7355
Views: 1544330

Re: Stocks tumbling?

Every "robust" economy was followed by a recession, tech boom in 2000 and housing boom in 2008.
by flyingaway
Wed Oct 10, 2018 9:31 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7355
Views: 1544330

Re: U.S. stocks in freefall

The wolf is finally coming.
by flyingaway
Fri Sep 28, 2018 10:27 am
Forum: Personal Consumer Issues
Topic: Losing Passion for Hobbies. Cheap or normal aging?
Replies: 71
Views: 8939

Re: Losing Passion for Hobbies. Cheap or normal aging?

On the other hand, I am 54 and just become financially independent a few months ago. I lost interest in pursuing money.
by flyingaway
Mon Sep 24, 2018 7:48 pm
Forum: Personal Consumer Issues
Topic: Is "earn and burn" the right travel rewards strategy?
Replies: 24
Views: 2565

Re: Is "earn and burn" the right travel rewards strategy?

I've heard this phrase repeated often in regards to using rewards due to the inflation of rewards redemptions. My issue with this is that when i actually travel for leisure, it's often at peak demand. case in point: DW and I are flying to NYC for thanksgiving. it would have been insane, upwards of ...
by flyingaway
Mon Sep 24, 2018 7:45 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 293
Views: 25131

Re: What is your single most expensive mistake?

Does moving 30% stock funds to bond funds since the beginning of 2016 count?
by flyingaway
Mon Sep 24, 2018 9:50 am
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 133
Views: 11617

Re: Did you really have something to retire to?

The Master Gardener's course seems to offer opportunities to volunteer if one so chooses. At the same time one obtain a lot of knowledge about the environment at the same time: http://ahsgardening.org/gardening-resources/master-gardeners I know that in Michigan, lectures are offered through Michiga...
by flyingaway
Sat Sep 22, 2018 4:54 pm
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 133
Views: 11617

Re: Did you really have something to retire to?

That is exactly my point. As long as you can pay your bills you can do whatever you want. If it makes extra money, smile and be happy. I don't understand the concept of having something to retire to. Perhaps because I have not retired yet. When working is not too bad, I need to have something bette...
by flyingaway
Sat Sep 22, 2018 3:28 pm
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 133
Views: 11617

Re: Did you really have something to retire to?

flyingaway, IIRC, you and I are in very similar situations, both deciding when to make the leap. I had the chance to retire at age 50 with one year pay and "COBRA till medicare" essentially. We were at about 25-30X annual expenses, so that was a factor. But I ultimately decided not to take that dea...
by flyingaway
Sat Sep 22, 2018 8:47 am
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 133
Views: 11617

Re: Did you really have something to retire to?

tennisplyr wrote:
Fri Sep 21, 2018 6:46 pm
I retired "from" something I disliked 'work' which is overrated. Love my freedom, free time, tennis, outdoor activities, etc, etc. More to follow....no pressure.
If I have my finance part done, I really do not like a job, no matter how easy or how rewarding it is.
by flyingaway
Sat Sep 22, 2018 8:45 am
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 133
Views: 11617

Re: Did you really have something to retire to?

Something generally pops up. After a career in law I’m volunteer teaching Latin and AP English at a private high school...but had no idea that was on the cards when I left the firm. Agree with the general tenor of comment above that retirement is its own good. But if you’re anxious about “having so...
by flyingaway
Sat Sep 22, 2018 8:43 am
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 133
Views: 11617

Re: Did you really have something to retire to?

I often find it fun to stay up until 3 or 4 AM reading or watching something recorded on the DVR. Those were things I could rarely do while working. I did that too often when I was working. Now, there's not as much reason to stay up late because there's always tomorrow to pick it up. If I watch som...
by flyingaway
Fri Sep 21, 2018 2:42 pm
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 133
Views: 11617

Re: Did you really have something to retire to?

I don't know about having something very concrete to "retire to" but I sure have a long list of possible activities -- pure leisure, learning, volunteering etc. And the usual culprits, like getting in better shape. One related point I saw in a "get ready for retirement book" is to ensure you have *...
by flyingaway
Fri Sep 21, 2018 9:06 am
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 133
Views: 11617

Re: Did you really have something to retire to?

After reading the responses, I feel that, maybe, a concrete plan of retirement plan is more important for early retirees. For some people who have to retire because of ages, too much money, other obligations, not so much.
by flyingaway
Thu Sep 20, 2018 4:14 pm
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 133
Views: 11617

Re: Did you really have something to retire to?

I retired specifically to complete a singlehanded sailboat race from San Francisco to Hawaii. That was my entire plan for things to do. Money is not a big issue for us. I spent the last two years after that race getting ready for the next race which I just completed. This kept me busier than a one ...
by flyingaway
Thu Sep 20, 2018 4:07 pm
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 133
Views: 11617

Re: Did you really have something to retire to?

Earl Lemongrab wrote:
Thu Sep 20, 2018 12:15 pm
I'm not sure I exactly understand the question. What does "something solid" mean? I do the things that I enjoy except that I have more time for them than when I was working. Is anything more needed?
I meant some concrete plans, not just some vague words.
by flyingaway
Thu Sep 20, 2018 10:59 am
Forum: Personal Consumer Issues
Topic: Don't trust Tripadvisor reviews
Replies: 64
Views: 6951

Re: Don't trust Tripadvisor reviews

I think many reviews are consistent with the relative prices of the hotels. An expensive hotel usually have satisfactory reviews, because the things there are usually better than the less expensive hotels, and the one who choose to stay there can afford it. A cheap hotel usually have lousy reviews. ...
by flyingaway
Thu Sep 20, 2018 8:44 am
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 133
Views: 11617

Re: Did you really have something to retire to?

I originally planned to retire to reading all the books and music CDs accumulated over the years, getting reacquainted with model railroading hobby that my father and I enjoyed when I was a young boy, and doing some travelling to state fairs and air shows around the country. All that changed two ye...
by flyingaway
Wed Sep 19, 2018 8:13 pm
Forum: Personal Consumer Issues
Topic: Long term stays/vacations
Replies: 11
Views: 1577

Re: Long term stays/vacations

A few years ago, we vacationed in Italy for 2 weeks. The last few days, we took the train to Lake Como. A great way to end a long vacation. At some point, I would love to stay there long term and use that as a "base" for other exploring. Long term = less than 180 days, I know...but maybe 2 or 3 mon...
by flyingaway
Wed Sep 19, 2018 6:30 pm
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 133
Views: 11617

Re: Did you really have something to retire to?

sport wrote:
Wed Sep 19, 2018 3:14 pm
I retired to a life with less stress.
I am worried to a life with more stress if there is no specific plans.
by flyingaway
Wed Sep 19, 2018 6:29 pm
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 133
Views: 11617

Re: Did you really have something to retire to?

Sheepdog wrote:
Wed Sep 19, 2018 3:25 pm
20 years ago, my retirement plan was to retire and enjoy life. I can do anything I and my wife would like to do.....anything. Don't you think that was something great to retire to?
No specific plan is the plan.
by flyingaway
Wed Sep 19, 2018 6:27 pm
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 133
Views: 11617

Re: Did you really have something to retire to?

For those who are retired, did you really have something solid to retire to? No. I'm a lazy bum. When I retired 12 years ago I expected to fill my time doing the same things I had done before only more-so. My expectations were realized. Other than the getting-old crap, it's been wonderful. Good for...
by flyingaway
Wed Sep 19, 2018 6:26 pm
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 133
Views: 11617

Re: Did you really have something to retire to?

I have a long list of hobbies or potential hobbies or things I want to do. Its so long that actually I wanted to put it in Excel because I will forget half of it by then. It's full of things related to sea (sailing, surfing, windsurfing, kite surfing, diving, kayaking, some fishing), mountains (cli...
by flyingaway
Wed Sep 19, 2018 2:55 pm
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 133
Views: 11617

Did you really have something to retire to?

We usually see comments here that "you need to have something to retire to"? For those who are retired, did you really have something solid to retire to? For those who plan to retire soon, do you have something in your mind that you will be retired to? Or let's retire first, and find that something ...
by flyingaway
Tue Sep 18, 2018 9:18 am
Forum: Personal Finance (Not Investing)
Topic: How did you decide when to retire?
Replies: 54
Views: 8218

Re: How did you decide when to retire?

Many people say that, if they continue to work, it is not for money. Well, I have reached FI early this year and I continue to work. It is not because I love my work, it is because of the uncertainties. Eventually it is about money. If I have three times as much as I have now, I swear that I am goin...
by flyingaway
Mon Sep 17, 2018 10:53 pm
Forum: Investing - Theory, News & General
Topic: Is there such thing as saving TOO much?
Replies: 78
Views: 6913

Re: Is there such thing as saving TOO much?

I get more joy right now out of saving rather than spending. I'm there too. To be honest, it's people like you and me who are very likely to accumulate a large amount of wealth over their lifetime. And as long as it's done with the right perspective, a lot of really good things in the world can hap...
by flyingaway
Mon Sep 17, 2018 8:20 pm
Forum: Investing - Help with Personal Investments
Topic: Which fixed income fund to rebalance into stock fund in a correction?
Replies: 5
Views: 643

Re: Which fixed income fund to rebalance into stock fund in a correction?

PFInterest wrote:
Mon Sep 17, 2018 7:49 pm
MM if bonds down.
Why are you holding MM?
The interest rate risk.
by flyingaway
Mon Sep 17, 2018 7:40 pm
Forum: Investing - Help with Personal Investments
Topic: Which fixed income fund to rebalance into stock fund in a correction?
Replies: 5
Views: 643

Which fixed income fund to rebalance into stock fund in a correction?

If a correction comes and I want to rebalance a part of my fixed income into a stock fund, which one to use first: a bond fund or a money market fund?
Thinking: A bond fund has a high interest yield, but may lose value if the interest rate goes up in the current environment.
by flyingaway
Mon Sep 17, 2018 5:18 pm
Forum: Investing - Theory, News & General
Topic: Is there such thing as saving TOO much?
Replies: 78
Views: 6913

Re: Is there such thing as saving TOO much?

You can probably afford haircuts. HAHA! Actually..the hair is thinning...so I just shave my head! No need to go to a barber if he is just going to do the same thing I can do in 10 minutes! I have never had my hair cut in a barber in the U.S. in the past 25 years, my wife cut it for me. I did go to ...
by flyingaway
Mon Sep 17, 2018 7:15 am
Forum: Personal Finance (Not Investing)
Topic: How did you decide when to retire?
Replies: 54
Views: 8218

Re: How did you decide when to retire?

Next year my younger son is supposed to get out of college and get a job (fingers crossed). I will be eligible for buying my employer's health insurance. The market holds up at the current level so I am financially independent. These are the three conditions that must be satisfied for me to retire n...
by flyingaway
Sun Sep 16, 2018 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: How did you decide when to retire?
Replies: 54
Views: 8218

Re: How did you decide when to retire?

I'm still deciding when to retire. I have not really liked my job for the last few years. I still have deep respect my immediate bosses. But the culture here is going downhill. I'm in academia. And that is trickling down. The people I work with are great. But bean counting is slowly working its way...
by flyingaway
Sun Sep 16, 2018 4:28 pm
Forum: Personal Consumer Issues
Topic: Is home alarm monitoring worth it?
Replies: 56
Views: 3938

Re: Is home alarm monitoring worth it?

I have one. I do not think it is worth, but my home insurance company requires us to have it.
by flyingaway
Sun Sep 16, 2018 4:02 pm
Forum: Personal Consumer Issues
Topic: Travel- overwater bungalows
Replies: 16
Views: 2376

Re: Travel- overwater bungalows

Those are (expensive) vacations, not travel, I think. I also saw them in Bora Bora (on videos and pictures). My wife certainly wants to be there.
We normally take one or two vacations each year, and one or two travels each year.
by flyingaway
Sun Sep 16, 2018 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking of Retiring at 52, Please Critique Plan
Replies: 42
Views: 5838

Re: Thinking of Retiring at 52, Please Critique Plan

You have enough to support an annual expenses pf $40,000. In fact, with your potential inheritance, you may have twice as much as needed. But life may change in the future. Kids may need money for college education, etc. If your spouse is really burnt out, it is possible to take a break. At 52, he c...
by flyingaway
Sun Sep 16, 2018 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest money that you may need in 6 months to a year.
Replies: 17
Views: 1865

Re: How to invest money that you may need in 6 months to a year.

Vanguard Federal Money Market or Vanguard Prime Money Market. What is the difference between these two, in addition to the rates? My understanding is that you can sell and buy at any time with the Vanguard Federal Money Market fund, but you will be restricted to the normal 30 holding period for the...
by flyingaway
Sun Sep 16, 2018 3:22 pm
Forum: Personal Consumer Issues
Topic: That Extravagant Thing You Do
Replies: 304
Views: 52888

Re: That Extravagant Thing You Do

remomnyc wrote:
Sun Sep 16, 2018 8:17 am
Retired early. Buying time is the most extravagant thing I've ever done. Easily left +$1M on the table.
Yes. This is the most expensive thing that I am thinking everyday to do.
by flyingaway
Fri Sep 14, 2018 12:17 pm
Forum: Personal Consumer Issues
Topic: Is it safe to use Wechat?
Replies: 10
Views: 535

Re: Is it safe to use Wechat?

Do not talk about China politics in Wechat. It may cause problems for your friends.
In term of privacy, etc., I would think it is similar to Twitter, Facebook messenger, etc.
by flyingaway
Fri Sep 14, 2018 9:21 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: 11436

Re: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?

If I took my favorite hobby and made a job out of it, but I was obligated to do it 40 hours a week no matter what, I'm sure I would be tired of it within a year or two. I just don't enjoy the obligations of having a job. I want to retire early so I can do whatever I want whenever I want to do it (o...
by flyingaway
Fri Sep 14, 2018 9:01 am
Forum: Personal Consumer Issues
Topic: Do you use social media to enhance your travel experience?
Replies: 66
Views: 2969

Re: Do you use social media to enhance your travel experience?

Understood. I hope you didn't take me too seriously. I found the OPs questions a bit intriguing. Hoping you will enjoy travel more if you engage in Social Media? It was nice to see Victoria coming in with an extreme alternative view (traveling with no electronics whatsoever). I wonder how many mill...
by flyingaway
Thu Sep 13, 2018 10:09 pm
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: 11436

Re: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?

I have posted about this before, but this is a major issue I have with this board in general. Many -- many -- of the posts about FI or FIRE or savings in general involve a lot of grumbling and complaining about work, careers, etc. and assume that being "retired early" will resolve all of these issu...
by flyingaway
Thu Sep 13, 2018 8:25 pm
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: 11436

Re: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?

randomizer wrote:
Thu Sep 13, 2018 6:33 pm
I'm not FI yet, but I do feel burned out and stopped climbing a while back. Just coasting.
Me too.
by flyingaway
Thu Sep 13, 2018 8:21 pm
Forum: Personal Consumer Issues
Topic: What will you do when you find you have more money than expected?
Replies: 91
Views: 9875

Re: What will you do when you find you have more money than expected?

We are maintaining lifestyle despite seemingly lower than expected expenses versus portfolio growth. Fortunately what we consider fun activities in retirement are mostly extremely cheap for us to fund. Also neither one of us feel the need to engage in the expensive unwashed horde dominated disaster...
by flyingaway
Thu Sep 13, 2018 8:19 pm
Forum: Personal Consumer Issues
Topic: Do you use social media to enhance your travel experience?
Replies: 66
Views: 2969

Re: Do you use social media to enhance your travel experience?

(1) Love it. I enjoy discovering new places, or making new memories in places I've been to before, with my wife and kids. Mainly my wife, as she'll always be with me even when the kids are grown and gone. :happy I can't remember ever having a disappointing trip with her/them, and I think it's mainl...
by flyingaway
Thu Sep 13, 2018 8:14 pm
Forum: Personal Consumer Issues
Topic: Do you use social media to enhance your travel experience?
Replies: 66
Views: 2969

Re: Do you use social media to enhance your travel experience?

I am on FB and occasionally post pictures after we return. There are several categories of people to choose from on FB. You can set people as close, acquaintances, family, Bunco group, Republicans, Democrats, book club, etc. etc. and any category you wish. I mostly post travel photos to the family ...
by flyingaway
Thu Sep 13, 2018 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: Determining when to take Social Security if you don’t need the money
Replies: 21
Views: 1827

Re: Determining when to take Social Security if you don’t need the money

If you don't need it, why do you care about optimizing it? I would take it at a time I feel comfortable. For example, one at 62, another at any time after that.