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A-Commoner

If I understood the OP’s post correctly, the goal is to accumulate $20 million in 100 years for his heirs. At 6% annualized return, he can hit that target by simply investing a lump sum of $60k today in VT or VTI. That seems very reasonable and doable.

A-Commoner

Yesterday we went car shopping. We went to a Kia dealership here in SoCal to check out the Telluride. They didn’t have any available so went next door to an Acura dealership since I was also interested in the MDX. Knowing that the 2022 MDX will hit showrooms in the next couple of months, I wanted to...

A-Commoner

misterjohnny wrote: ↑Mon Nov 23, 2020 9:00 pm People in CA moving to those locations for lower Cost Of Living and fewer homeless.

Except the prices of CA houses are going up, not down.

A-Commoner

OP, have you looked into Sacramento? It’s actually a very nice city. It’s quaint, which reminds me a lot of the Midwest. We actually strongly considered it in our relocation from IL but decided to go to Los Angeles instead to be closer to family. Your husband’s $100k job and you getting a part time ...

A-Commoner

The influx of better educated and affluent Northeasterners into CA will seed the schools with their high performing kids, thus fixing the problem of low quality schools. So, there you go. Problem solved.

A-Commoner

While it’s true that some low to middle class Californians are being priced out of CA (if they haven’t bought a house yet) and are moving out of the state, they are being replaced by more affluent and educated migrants from the East Coast. So perhaps the OP fits the description of people considering...

A-Commoner

Isn’t the high cost of living in CA simply just due to market forces at work? Is there anything wrong with that?

A-Commoner

If the choice is between NJ and Ca - both HCOL states - it's a no brainer. Move to California. We moved from a very LCOL part of IL in 2017 to HCOL Los Angeles. While we saved a ton of money in IL (about 40% of income), we are still able to save here in LA (15% of income). But the income base we are...

A-Commoner

Hi Bogleheads, I would like to request your input into the issue of hiring a security agency to guard a house that will undergo tenting and fumigation for 3 days. I appreciate the input of anyone who has had experience with this. Is it even needed? Any security companies you would recommend? How mu...

A-Commoner

Do you also hire security guards when you go on vacation? This is a bizarre idea.... :confused Actually if you google “break-ins of fumigated homes”, it’s not as uncommon as you think. The presence of the tent is a dead giveaway that anyone can see that the house is empty. With vacations, the homeo...

A-Commoner

egrets wrote: ↑Sat Sep 26, 2020 3:26 pm Do people actually break into houses that are filed with poison gas?

The guard is as much for the protection of would-be intruders (who may just be kids looking for thrills and not fully aware of the risks) who may be poisoned by the vikane gas as it is for the protection of the property.

A-Commoner

oldfort wrote: ↑Sat Sep 26, 2020 3:25 pm Do you have a Picasso at your home? What's so valuable you need to hire a security guard agency?

Don’t need a Picasso to have a house broken into and vandalized just for the heck of it.

A-Commoner

We have Life Fitness T3. It’s been used almost daily for the last 8 years. Pricey but indestructible and worth it.

A-Commoner

Hi Bogleheads, I would like to request your input into the issue of hiring a security agency to guard a house that will undergo tenting and fumigation for 3 days. I appreciate the input of anyone who has had experience with this. Is it even needed? Any security companies you would recommend? How muc...

A-Commoner

I’m looking for an SUV that looks like an SUV, not one that looks too much like a coupe with a sloping rear roofline. The boxy rear is what I want since it gives enough head room for the 3rd row passengers. (My parents in law are staying with us for a while and probably indefinitely hence the need f...

A-Commoner

Keenobserver wrote: ↑Sun Aug 23, 2020 1:31 pm edit poat

It’s in the OP: 70-100k.

A-Commoner

Assuming a budget of 70-100k for a brand new, latest model 3 row luxury SUV, prioritizing luxury over sportiness (although a combo would be great), I appreciate your thoughts on the following (in no particular order): 1. Audi Q7 2. Escalade 2021 3. Genesis GV 80 4. MB GLS 2020 4. Lincoln Navigator ...

A-Commoner

Sorry, should not have included the Cayenne which is only 2 row. My bad.

A-Commoner

Assuming a budget of 70-100k for a brand new, latest model 3 row luxury SUV, prioritizing luxury over sportiness (although a combo would be great), I appreciate your thoughts on the following (in no particular order): 1. Audi Q7 2. Escalade 2021 3. Genesis GV 80 4. MB GLS 2020 4. Lincoln Navigator 5...

A-Commoner

OP, we moved from Illinois to Los Angeles 3 years ago. We bought a house here and intend to retire here in LA after having lived in a VLCOL rural area of IL for 25 years. Have you checked the Santa Clarita area? It’s 30 miles north of LA, has many new construction homes and excellent schools. It’s a...

A-Commoner

It’s time for Powell to raise interest rates! Lol...

A-Commoner

I have a taxable account which, modesty aside, is in the 7 figures. I consider that my emergency fund. In the one emergency that happened to us in the last 3 years - my daughter had a skateboarding accident, fell on the ground and sustained a small laceration on her forehead - we used up our entire ...

A-Commoner

Getting laid off is a great way to retire. You don't have to second guess your decision, and you get a severance and unemployment benefits. I agree that you should not really look for any work at this time. If I were in your position, I'd focus on hobbies that could potential generate income, but w...

A-Commoner

Property taxes do go up in California but never by more than 2% a year absent new construction or an addition to the property. Property taxes are regulated by Prop. 13. What area of So. Ca. are you looking? How much are you putting down? Buying land and developing the property is to be avoided in m...

A-Commoner

My rules of thumb: 1. You should have enough in liquid assets to buy the house in cash 2. The value of your house should not be more than half of your total net worth. The lower this proportion is, the better. So in your case, you should have at least $4 million in liquid net worth to be able to aff...

A-Commoner

Another advantage to California is our sprawl. At least here in Los Angeles, we're not as packed as in NYC, so you will have greater distance from your neighbors and lower propensity of catching a virus or other pathogens from them. Our public transportation system in LA is not as developed as in NY...

A-Commoner

Considering family ties SOCAL will be great but the state is so anti-physician, it wont be a wise move. Not a physician but know quite a few. I've never heard anyone say California is anti-physician. Is it because it is litigious? Very low pay...tons of regulations. Quick search on salary.com shows...

A-Commoner

Considering family ties SOCAL will be great but the state is so anti-physician, it wont be a wise move. Not a physician but know quite a few. I've never heard anyone say California is anti-physician. Is it because it is litigious? Very low pay...tons of regulations. Quick search on salary.com shows...

A-Commoner

Considering family ties SOCAL will be great but the state is so anti-physician, it wont be a wise move. My wife and I are physicians, currently practicing in Socal. I don't agree with the statement that California is anti-physician. On one metric (malpractice premiums), California has been very doc...

A-Commoner

How long can you survive without a paycheck? If you have a large enough stash of money already saved, don't accept a pay cut. Tell your employer they should stick to the contract they signed. If they fire you anyway, so what? That's what your stash is for (also known as F-U money): to tide you over ...

A-Commoner

What about using an actual entity that has existed for close to 2000 years in more or less intact form as a proxy for the financial returns you are looking for? Is it fair to say the Catholic Church would fit this description? I’m Catholic so I’m not offended by this line of inquiry. I’m just curiou...

A-Commoner

The other things that were not available in 1918 were the flu vaccine - the vaccine (in its annually changing iterations) which is now available to us every year and many people take for granted, even oppose (see the anti-vaxxer movement). There also were no antivirals like tamiflu that would have ...

A-Commoner

I think the conclusion is overreaching. The 1918 Spanish flu primarily affected the young, not the old. It makes sense therefore that cities that saved their young went on to thrive. It does not apply to all epidemics. Life expectancy in the early 1900s was 48 yrs for an American male and 51 for an...

A-Commoner

The other things that were not available in 1918 were the flu vaccine - the vaccine (in its annually changing iterations) which is now available to us every year and many people take for granted, even oppose (see the anti-vaxxer movement). There also were no antivirals like tamiflu that would have k...

A-Commoner

I think the conclusion is overreaching. The 1918 Spanish flu primarily affected the young, not the old. It makes sense therefore that cities that saved their young went on to thrive. It does not apply to all epidemics. Life expectancy in the early 1900s was 48 yrs for an American male and 51 for an...

A-Commoner

Is it correct to assume that the course of this epidemic will follow a bell shaped curve? All the models (from best to worst case scenarios) assume so, but is there a reason that has to be the case? Do all epidemics behave this way? What if the models are wrong? I found an article that somewhat tack...

A-Commoner

Don't know about the rental market but my house value here in Los Angeles has supposedly gained 10% since the stock market started diving. Probably due to falling interest rates. But this house valuation is according to Zillow, so who really knows...

A-Commoner

There were other events in the news headlines in January 2020 that caused distractions which prevented many from focusing on this pandemic as a potential market killer. There was the US strike on the Iranian general which threatened to escalate into full blown war between the US and Iran. When that ...

A-Commoner

I’m a buy and hold long only Bogleheadish investor. I have a good allocation to US treasuries, total bond index, and cash which are providing some ballast in this brutal market environment. Still, I’m wondering if it’s worth buying some Bear market ETFs or mutual funds while this carnage continues, ...

A-Commoner

If stocks fell 90%, will you still be a millionaire?

A-Commoner

Amazon is down 16% from 52 week high, Google down 20%. Double those losses and I’ll be a buyer.

A-Commoner

Looking to buy VT. Also Amazon and Alphabet(Google).

A-Commoner

The fact that we have made so much progress in so little time shows how these are scientifically solvable problems. I have a slightly different take on this. It wasn't so long ago that we could not test for viral pneumonia. Had COVID-19 hit us back three decades ago, we would have not been able to ...

A-Commoner

Objects that we touch everyday have microbes on them. Newsflash: our environment is full of microorganisms. If you took a swab of your skin surface and cultured it, you’d grow several bacteria, fungi, and some viruses, many of which are pathogenic (eg MRSA, Candida, Clostridium) in the right circums...

A-Commoner

Coronavirus might seal the coffin for shopping malls. Amazon will be a big winner in all of this. If Amazon stock price gets dragged down by the stock market crash, I’d be very tempted to buy some shares. A 50% haircut in Amazon and Google stock prices would be hard to resist. Yea but what about al...

A-Commoner

Coronavirus might seal the coffin for shopping malls. Amazon will be a big winner in all of this. If Amazon stock price gets dragged down by the stock market crash, I’d be very tempted to buy some shares. A 50% haircut in Amazon and Google stock prices would be hard to resist. Yea but what about al...

A-Commoner

Coronavirus might seal the coffin for shopping malls. Amazon will be a big winner in all of this. If Amazon stock price gets dragged down by the stock market crash, I’d be very tempted to buy some shares. A 50% haircut in Amazon and Google stock prices would be hard to resist.

A-Commoner

If your retirement is cut short from 30 years to 2 months - because the coronavirus kills you in 2 months - does this means success or failure of the 4% SWR?

A-Commoner

Well, at least according to Zillow, my house value here in Los Angeles has gained 10% over the last 3 weeks...thanks to dropping interest rates. Not enough of a gain to offset the stock market losses, but better than nothing.

A-Commoner

I have noticed that there's a significant minority of Bogleheads engage in a kind of status competition where the they like to deride spending of others as "insufficiently frugal". It's not enough to live below your means and invest in diversified, low-cost index funds; if you also have t...

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