Search found 2172 matches

by knpstr
Sun Jan 20, 2019 10:07 pm
Forum: Investing - Help with Personal Investments
Topic: Stay the course is hard
Replies: 54
Views: 4702

Re: Stay the course is hard

How about the last 10 years? How did one do vs cash? You are beginning to sound like John Bogle instead of a BH. Quite the compliment, thanks. I just think it is reckless to suggest that if people don't want to rebalance or TLH or whatever, that they should put their money in savings account versus...
by knpstr
Sun Jan 20, 2019 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: Stay the course is hard
Replies: 54
Views: 4702

Re: Stay the course is hard

livesoft wrote:
Sun Jan 20, 2019 5:59 pm
Here is what my warped and twisted mind was thinking about "might as well use a savings account" ->
Image
How about the last 10 years? How did one do vs cash?
by knpstr
Sun Jan 20, 2019 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: Stay the course is hard
Replies: 54
Views: 4702

Re: Stay the course is hard

^I didn't say anything about rebalancing frequently. You put "frequently" in there. My mistake, I must have misunderstood. I thought that is what you meant when you said "would most certainly have rebalanced in December". You said this yet it sounds like they do (or have done) their rebalancing at ...
by knpstr
Sun Jan 20, 2019 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Stay the course is hard
Replies: 54
Views: 4702

Re: Stay the course is hard

I don't believe the OP did stay the course. If they were staying the course, then they would most certainly have rebalanced in December by selling bonds and buying equities. The "don't do anything" advice is terrible. If one doesn't buy low, then what's the point of enduring a drop? You might as we...
by knpstr
Sun Jan 20, 2019 9:20 am
Forum: Personal Consumer Issues
Topic: Ford F-series pickup with 4x4 and 4 doors?
Replies: 31
Views: 2009

Re: Ford F-series pickup with 4x4 and 4 doors?

I'm looking for input on getting a Ford 4WD pickup, crew cab, short bed, probably 2014 or 2015. Any comments that push to other years? BTW, this is second vehicle, the primary is a Jeep Grand Cherokee Summit edition, so I'm looking for something to keep up with that in off road performance. a few m...
by knpstr
Sat Jan 19, 2019 8:51 am
Forum: Personal Consumer Issues
Topic: What do you read?
Replies: 10
Views: 535

Re: What do you read?

I strictly read non-fiction books because that's what I enjoy. I read many of the recommended personal finance books and then moved on to more investment books. Many of Jack Bogle's books. I also like books that help me become a better person or give me a boost in my potential for success. GRIT, Ho...
by knpstr
Fri Jan 18, 2019 8:13 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10150
Views: 1787729

Re: U.S. stocks in free fall

Pretty sure Buffett's advice to the average investor is NOT to do what he does. :wink: chevca, Apologies for the oversimplification of my comment, you are correct. Do not want to confuse new investors. I meant to say that when buffet unloads his monster truck of cash, should we also benefit by rele...
by knpstr
Sat Jan 12, 2019 9:46 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3526
Views: 1034433

Re: What Book Are You Currently Reading? Part VI

Started to reread The Iliad. Forgot how violent it is, even though epic poem. Remembered last one I read was translation by Samuel Butler. Remembered how great his novel was. Ended up re reading The Way Of All Flesh, one of my all time favorites. And only reason I got book was cause found a leather...
by knpstr
Fri Jan 11, 2019 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Building Wealth Through Home Equity--Myth or Reality?
Replies: 94
Views: 6084

Re: Building Wealth Through Home Equity--Myth or Reality?

This is not surprising at all because most people are not very good at managing their finances. Buying a house forces them to put money into that asset, which will usually appreciate (the number I recall seeing is more like 2% per year on average). Most people who are renting are not putting the mo...
by knpstr
Fri Jan 11, 2019 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Building Wealth Through Home Equity--Myth or Reality?
Replies: 94
Views: 6084

Re: Building Wealth Through Home Equity--Myth or Reality?

This is not surprising at all because most people are not very good at managing their finances. Buying a house forces them to put money into that asset, which will usually appreciate (the number I recall seeing is more like 2% per year on average). Most people who are renting are not putting the mo...
by knpstr
Wed Jan 09, 2019 12:31 pm
Forum: Investing - Theory, News & General
Topic: A Test of Warren Buffett's 90:10 Retirement Portfolio
Replies: 33
Views: 4069

Re: A Test of Warren Buffett's 90:10 Retirement Portfolio

I don't know that she will have billions. All of his Berkshire stock is going to charity. She owns 1/2 of whatever her husband owns now and 100% after he dies. How much he can give away after death is a question for lawyers. His children can be cut out completely though. I find it hard to believe s...
by knpstr
Mon Jan 07, 2019 3:21 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffett on value investing
Replies: 22
Views: 1912

Re: Warren Buffett on value investing

Yes, capital allocation is mostly what Buffett does today. I did hear that when they purchased Precision Castparts that some management changes were made. It is mostly hands-off but not totally. My guess is that Buffett's successors will not be able to resist the urge to micro-manage. After all, ma...
by knpstr
Mon Jan 07, 2019 3:09 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffett on value investing
Replies: 22
Views: 1912

Re: Warren Buffett on value investing

Aswath Damodaran – Laws of Valuation: Revealing the Myths and Misconceptions (FULL PRESENTATION) https://www.youtube.com/watch?v=c20_S-QgvsA This is outstanding (in my opinion). Damodaran is fantastic. EVA is a very intriguing approach. i love buffet and his folksy one-line zingers. truly. i also d...
by knpstr
Mon Jan 07, 2019 2:40 pm
Forum: Investing - Theory, News & General
Topic: A Test of Warren Buffett's 90:10 Retirement Portfolio
Replies: 33
Views: 4069

Re: A Test of Warren Buffett's 90:10 Retirement Portfolio

I would find it very hard to believe he does not leave her at least just a little bit of BRK stock. Unless he (Buffett) goes back on his pledge every single share of BRK goes to charity. He has never touched his BRK stock for personal use, ever. He has always kept a small personal portfolio that he...
by knpstr
Mon Jan 07, 2019 1:57 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffett on value investing
Replies: 22
Views: 1912

Re: Warren Buffett on value investing

Aswath Damodaran – Laws of Valuation: Revealing the Myths and Misconceptions (FULL PRESENTATION) https://www.youtube.com/watch?v=c20_S-QgvsA This is outstanding (in my opinion). Damodaran is fantastic. EVA is a very intriguing approach. i love buffet and his folksy one-line zingers. truly. i also d...
by knpstr
Mon Jan 07, 2019 1:45 pm
Forum: Investing - Theory, News & General
Topic: A Test of Warren Buffett's 90:10 Retirement Portfolio
Replies: 33
Views: 4069

Re: A Test of Warren Buffett's 90:10 Retirement Portfolio

I don't think his wife will be taking 4% annually out of her assets after Warren is dead. I bet that things work JUST DUCKY with a 0.1% withdrawal rate. Waaren's advice is for his wife ... who will have billions of dollars to invest, not $1,000. I don't know that she will have billions. All of his ...
by knpstr
Mon Jan 07, 2019 7:17 am
Forum: Personal Consumer Issues
Topic: Recommend men's undershirts
Replies: 49
Views: 3526

Re: Recommend men's undershirts

Jcpenney Stafford seem to hold up a bit better and not shrink as much as some others. This is what I wear. I wear them nearly everyday (spring, summer, fall, winter). Don't know how often my wife buys new ones to change out, but they seem to last at least a few years? Socks seem to be the thing tha...
by knpstr
Sat Jan 05, 2019 9:27 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 714
Views: 92178

Re: How much money do you want to retire?

Thanks for mentioning that Geoff. Using the SSA "quick calculator" -- Our estimated S.S. collection at age 67 (real dollars, not inflated) is about 19% more than we spend now on living expenses now (My benefit is calculated at about $38,000 in real dollars then) and right now our largest household ...
by knpstr
Sat Jan 05, 2019 8:38 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 714
Views: 92178

Re: How much money do you want to retire?

That is a good point, but 3% AND completely ignoring SS (which for high earners will be a fairly big chunk of that $120k) is probably more conservative than necessary. I'm 60 1/2. My girlfriend/domestic partner is 58. My defer-to-70 Social Security check will be a COLA-protected $44K/year. My girlf...
by knpstr
Fri Jan 04, 2019 3:53 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey [“good growth mutual fund”]
Replies: 54
Views: 5212

Re: Dave Ramsey

No, he does not, he cites AIVSX frequently (which has beaten the S&P I think since 1932 most of which wasn't any time in the last 20 years). His mix of AIVSX/AMCPX/AMRMX/AGTHX for actively managed funds to compare against the S&P has been beaten by the S&P over 10/15 year intervals and is beaten ev...
by knpstr
Fri Jan 04, 2019 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Ever wonder if you are saving Too Much?
Replies: 67
Views: 5281

Re: Ever wonder if you are saving Too Much?

No. I can spend it at any time. Once spent,it cannot be saved. JT To play devil's advocate, every day lived cannot be re-lived. I believe a balance is in order; personally, I don't see the point in amassing a great windfall for someone else. +1 Well said. "Enough" is different for everyone and cont...
by knpstr
Fri Jan 04, 2019 10:46 am
Forum: Investing - Theory, News & General
Topic: Just what is long-term investing?
Replies: 13
Views: 774

Re: Just what is long-term investing?

I'd say it is an investment horizon of 10 or more years.
by knpstr
Fri Jan 04, 2019 10:42 am
Forum: Personal Finance (Not Investing)
Topic: What Do You Spend The Most On Annually?
Replies: 158
Views: 8247

Re: What Do You Spend The Most On Annually?

#1 taxes
#2 investment contributions
#3 health insurance premiums
by knpstr
Wed Jan 02, 2019 1:56 pm
Forum: Investing - Theory, News & General
Topic: Any reason for optimism?
Replies: 81
Views: 3064

Re: Any reason for optimism?

Bought cheaper shares in my taxable 12/31, just maxed out my Roth IRA as well ... long term outlook 10+ years, not panicking just wondering if there’s any reason for optimism in 2019? I may actually tax loss harvest in 2019 for the first time of things don’t change. Sure seems like a whole lot of n...
by knpstr
Wed Jan 02, 2019 10:12 am
Forum: Investing - Theory, News & General
Topic: Is there a Nassim Taleb portfolio?
Replies: 38
Views: 4354

Re: Is there a Nassim Taleb portfolio?

... 2. Taleb's recommendation to his non-professional readers is a bar-bell: - 90% in the safest investments possible - 10% highly speculative investments that have a potential to catch positive Black Swans ... By safest, does he mean least volatility? I'd assume (perhaps incorrectly) that he'd wan...
by knpstr
Thu Dec 27, 2018 4:29 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey [“good growth mutual fund”]
Replies: 54
Views: 5212

Re: Dave Ramsey

The key is to look for "average return" and not CAGR.

Make no mistake, CAGR is what you care about, but Average Returns is marketing speak.

$1 grows to $2 = 100% return
$2 goes to $1 = -50 % return
50/2 = 25% average return -- gaining no money.
by knpstr
Mon Dec 24, 2018 6:19 pm
Forum: Investing - Theory, News & General
Topic: All the "should I be 100% stocks" threads over the last year.
Replies: 175
Views: 11870

Re: All the "should I be 100% stocks" threads over the last year.

100% equities and buy each and every week. Now getting more shares per dollar! Enjoy the decline!
by knpstr
Sun Dec 16, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Can I buy a PIN prepaid debit card with a credit card for rewards bonus
Replies: 10
Views: 490

Re: Can I buy a PIN prepaid debit card with a credit card for rewards bonus

I've read that some people have gotten their accounts shutdown for doing this by Chase (and I believe American Express). I also think some people have done it and gotten away with it. I think you are clearly trying to take advantage of the "system" doing what you proposed (i.e. avoiding the service ...
by knpstr
Thu Dec 06, 2018 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard advisor suggesting 90/10
Replies: 41
Views: 3189

Re: Vanguard advisor suggesting 90/10

In my mid 30s I have 100% of my "paper investments" in equities. I do have rental real estate and a relatively small "cash" reserve for liquidity purposes. I don't have any bonds.


Hopefully I still have a 50+ year investment horizon.
by knpstr
Tue Dec 04, 2018 10:10 pm
Forum: Personal Consumer Issues
Topic: Refusing to pay rent until maintenance is performed
Replies: 16
Views: 2255

Re: Refusing to pay rent until maintenance is performed

Let’s say a rental needs maintenance actions to resolve heat/ac, plumbing, leak, etc. issues. Can a tenant refuse to pay rent until those maintenance actions are performed? It depends. On the jurisdiction if it allows this. On the severity of the problem (is the place still safe/habitable). On the ...
by knpstr
Tue Dec 04, 2018 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: Out of Stocks to Pay Off Mortgage
Replies: 73
Views: 5196

Re: Out of Stocks to Pay Off Mortgage

You say you have a large 401k and that has enough exposure to the market. Ask yourself this: If someone could guarantee you 4.625% return on your 200k while your home value (hopefully) continues to grow, would you do it? I'd pay off the mortgage and get that guaranteed 4.625% return. Just to be cle...
by knpstr
Mon Dec 03, 2018 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Out of Stocks to Pay Off Mortgage
Replies: 73
Views: 5196

Re: Out of Stocks to Pay Off Mortgage

You say you have a large 401k and that has enough exposure to the market. Ask yourself this: If someone could guarantee you 4.625% return on your 200k while your home value (hopefully) continues to grow, would you do it? I'd pay off the mortgage and get that guaranteed 4.625% return. Just to be cle...
by knpstr
Sun Dec 02, 2018 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: What would you do with $6,000 in gold and silver?
Replies: 40
Views: 3443

Re: What would you do with $6,000 in gold and silver?

make gold chain and silverware. Gold is the pretty. Silver is good for to make utensil. Just an FYI: we have a bunch of silverware (silver plate). I brought it to the place where I sell my silver coins now. They pay whatever the base metal is worth......so close to nothing. Obviously the first pers...
by knpstr
Thu Nov 29, 2018 7:56 am
Forum: Personal Consumer Issues
Topic: $25k -18 days Galapagos & Machu Picchu Trek (family of 4).
Replies: 32
Views: 3446

Re: $25k -18 days Galapagos & Machu Picchu Trek (family of 4).

Cusco has amazing hiking, but highly recommend steering clear of Macchu Picchu and doing basically anything else--I did Choquequirao and Inca Trail/Macchu Picchu and highly recommend the former. It's also super cheap and there's no need to book hotels in advance of your stay really. In fact may be ...
by knpstr
Thu Oct 25, 2018 12:19 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10150
Views: 1787729

Re: U.S. stocks in freefall

The recent run up in the last 2 years has been so dramatic I still "feel" ahead if the DJIA is above 20,000.

It's still a 19.55% decline from here to hit 19,999.
by knpstr
Wed Oct 24, 2018 2:49 pm
Forum: Personal Consumer Issues
Topic: PSA: Don't buy a big house
Replies: 248
Views: 26110

Re: PSA: Don't buy a big house

Your title should be PSA: Don't buy a McMansion. I shudder thinking about living in one of those cookie cutter soul sucking cathedrals of urban sprawl. My friends parents moved from a great house to a full on McMansion in his freshman year of college right on the frontier of the sprawl in our city....
by knpstr
Thu Oct 18, 2018 12:40 pm
Forum: Personal Consumer Issues
Topic: High End Wrist Watches (Gone Crazy)
Replies: 254
Views: 30807

Re: IWC Watch, any thoughts?

A good looking watch! If you can afford it, why not? People disapproving are hypocrites. It is highly likely they are driving a car that is not the cheapest available, yet all cars get one from point a to b. However, I have no input to the specifics of that (or any) watch brand. I'm not sure the an...
by knpstr
Thu Oct 18, 2018 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 188
Views: 17151

Re: Where would you go for financial guidance if you win the Megamillions?

You won't actually get $900 million or whatever amount they advertise. They'll discount the annual payments to present value if you take a lump sum. Then you'll pay income taxes (37% Federal plus state and local, if any). They may not withhold the full amount but you'll still have to pay it. It's u...
by knpstr
Wed Oct 17, 2018 2:58 pm
Forum: Personal Consumer Issues
Topic: Would you ever buy a lottery ticket?
Replies: 32
Views: 1408

Re: Would you ever buy a lottery ticket?

Rarely, sometimes just when the jackpot gets very large, like now.

No expectation to win any money.
by knpstr
Mon Oct 15, 2018 12:38 pm
Forum: Personal Consumer Issues
Topic: How Much Is Your Sewer Bill?
Replies: 78
Views: 4204

Re: How Much Is Your Sewer Bill?

I consume around 235,000 gallons of water per year. How are you using so much water? ~19,500 gallons a month? Showers and lawn watering mostly. I have a shower with 6 heads. My showers typically last 40-60 minutes. Very relaxing and cheaper than regular massages. I water my lawn daily. It looks fab...
by knpstr
Mon Oct 15, 2018 8:03 am
Forum: Personal Consumer Issues
Topic: How Much Is Your Sewer Bill?
Replies: 78
Views: 4204

Re: How Much Is Your Sewer Bill?

DanMahowny wrote:
Sun Oct 14, 2018 5:34 pm
I consume around 235,000 gallons of water per year.
How are you using so much water? ~19,500 gallons a month?
by knpstr
Wed Oct 03, 2018 6:59 pm
Forum: Personal Consumer Issues
Topic: Anyone ordered a vehicle through a dealership?
Replies: 40
Views: 3261

Re: Anyone ordered a vehicle through a dealership?

We are in the market for a new truck. We have a local dealership where we service and purchase our vehicles. We are looking for a particular vehicle, but we are not seeing it on their lot. Has anyone ordered a vehicle before? How does the process work. Is there any room for negotiation with 2019 ve...
by knpstr
Wed Oct 03, 2018 1:32 pm
Forum: Investing - Theory, News & General
Topic: Did Jeff Bezos just pull a Henry Ford?
Replies: 32
Views: 2648

Re: Did Jeff Bezos just pull a Henry Ford?

Amazon just raised the minimum wage for its employees, about 250,000 affected workers, to $15 an hour. The company said it would also lobby Washington to raise the federal minimum wage, which has been set at $7.25 for almost a decade. As I remember the story, Henry Ford decided to pay his workers m...
by knpstr
Sun Sep 30, 2018 7:48 pm
Forum: Investing - Help with Personal Investments
Topic: Warren Buffet Portfolio Critique
Replies: 56
Views: 4664

Re: Warren Buffet Portfolio Critique

What are your reasons for choosing those portfolios saying they will likely return the same or higher return (at least as good) as the 90/10 portfolio? Partly I chose my examples to illustrate that the "Buffet Portfolio" is just two Vanguard funds held in an arbitrary allocation. This was an excuse...
by knpstr
Sun Sep 30, 2018 7:15 pm
Forum: Investing - Help with Personal Investments
Topic: Warren Buffet Portfolio Critique
Replies: 56
Views: 4664

Re: Warren Buffet Portfolio Critique

What are your reasons for choosing those portfolios saying they will likely return the same or higher return (at least as good) as the 90/10 portfolio? Partly I chose my examples to illustrate that the "Buffet Portfolio" is just two Vanguard funds held in an arbitrary allocation. This was an excuse...
by knpstr
Sun Sep 30, 2018 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: Warren Buffet Portfolio Critique
Replies: 56
Views: 4664

Re: Warren Buffet Portfolio Critique

What do y'all make of the advice Warren Buffets suggests? 90%-- S&P 500 Index Fund Admiral Shares (VFIAX) 10%-- Short-Term Treasury Fund Admiral Shares (VFIRX) It's a great portfolio! There are many other portfolios that are at least as good. What are your reasons for choosing those portfolios sayi...
by knpstr
Sun Sep 30, 2018 8:54 am
Forum: Investing - Help with Personal Investments
Topic: Warren Buffet Portfolio Critique
Replies: 56
Views: 4664

Re: Warren Buffet Portfolio Critique

What do y'all make of the advice Warren Buffets suggests? 90%-- S&P 500 Index Fund Admiral Shares (VFIAX) 10%-- Short-Term Treasury Fund Admiral Shares (VFIRX) It's a great portfolio! Contrary to opinions here, Buffett suggests that this is a great allocation for anyone to use. He added the comment...
by knpstr
Sat Sep 29, 2018 1:14 pm
Forum: Personal Consumer Issues
Topic: College Student Performance Issues
Replies: 83
Views: 4722

Re: College Student Performance Issues

Are you paying for schooling? If yes, you can have some control -- you can cut funds. If no, she's an adult and you can't really do anything. It sounds like this behavior is "normal" since you said this is how she behaved in high school, why would it be different now? How do you know she is skipping...
by knpstr
Thu Sep 27, 2018 3:11 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffett Books
Replies: 55
Views: 6466

Re: Warren Buffett Books

abuss368 wrote:
Thu Sep 27, 2018 2:55 pm
I started to read The Snowball - all 900 pages. The first chapter was a little rough to get going but I am keeping an open mind. I have read Lowenstein’s Buffett so I am not sure how much difference 900 pages will make.
Great biographies.