Search found 355 matches

by frugalecon
Sat May 23, 2020 7:27 am
Forum: Personal Investments
Topic: Thinking of selling some SP 500 to buy more Wells Fargo
Replies: 73
Views: 4810

Re: Thinking of selling some SP 500 to buy more Wells Fargo

I honestly wonder if this type of post is just a troll and should be ignored. Why should someone who hasn’t bothered to understand the orientation of the forum be taken seriously? +1, I can kinda understand a new member asking, the op has been a boglehead forum member for 4 years now. Thanks, again...
by frugalecon
Fri May 22, 2020 8:19 pm
Forum: Personal Investments
Topic: Thinking of selling some SP 500 to buy more Wells Fargo
Replies: 73
Views: 4810

Re: Thinking of selling some SP 500 to buy more Wells Fargo

I honestly wonder if this type of post is just a troll and should be ignored. Why should someone who hasn’t bothered to understand the orientation of the forum be taken seriously?
by frugalecon
Tue May 12, 2020 5:07 pm
Forum: Investing - Theory, News & General
Topic: Reacting to low interest rates
Replies: 80
Views: 5951

Re: Reacting to low interest rates

My reaction to low interest rates was to make an investment which had always been available to me, and which had not lowered its interest rate: I paid off my mortgage. For years, I could earn a higher after-tax yield on bonds than on mortgage prepayments, so there was no reason to pay off the mortg...
by frugalecon
Thu May 07, 2020 11:19 am
Forum: Personal Investments
Topic: Please help me get out of international
Replies: 64
Views: 3318

Re: Please help me get out of international

I can’t believe someone holding a mere 12% of international is freaking out. Cheers Thanks for the comment. Do you think I'm running around with my hair on fire? Also, thousands and thousands of dollars matter to some of us, especially those of us who don't make six figures. Not everyone here think...
by frugalecon
Thu Apr 23, 2020 6:17 pm
Forum: Personal Investments
Topic: Traditional vs Roth Given Current Gov't Spending?
Replies: 4
Views: 495

Re: Traditional vs Roth Given Current Gov't Spending?

I have been noodling over the same question.i am currently contributing about 25% of 401k contributions to Roth, plus doing the backdoor. I am considering going to a higher Roth percentage. Current tax rates sunset in 2025, and I might benefit from some extra tax diversification.
by frugalecon
Sun Feb 16, 2020 8:12 pm
Forum: Investing - Theory, News & General
Topic: When did (will) your accumulation phase end?
Replies: 36
Views: 3372

Re: When did (will) your accumulation phase end?

I am still contributing, maybe 5-6 years out from retirement, but it is true that at this point the contributions don’t really move the needle that much in terms of what sort of income stream i am likely to have when I quit working. I have even considered dialing back the workplace savings to genera...
by frugalecon
Fri Feb 14, 2020 6:33 pm
Forum: Investing - Theory, News & General
Topic: Buy stocks. There is no end in sight to America’s economic boom.
Replies: 27
Views: 3031

Re: Buy stocks. There is no end in sight to America’s economic boom.

It’s interesting that there are a couple of nearby threads suggesting that the market is in a bubble.
by frugalecon
Sun Feb 02, 2020 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Disturbing Question on 2019 IRS Tax Form [Bitcoin]
Replies: 59
Views: 3910

Re: Disturbing Question on 2019 IRS Tax Form

deleted - accidental double post
by frugalecon
Sun Feb 02, 2020 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Disturbing Question on 2019 IRS Tax Form [Bitcoin]
Replies: 59
Views: 3910

Re: Disturbing Question on 2019 IRS Tax Form

[to my knowledge, Congress has not issued any laws (yet) that regulates digital currency and how it is disclosed to the IRS. I suspect that if you check off the box that says "No" there may not be any immediate consequences. But, once Congress issues laws on digital currency, this might come back t...
by frugalecon
Sat Dec 28, 2019 8:19 am
Forum: Personal Consumer Issues
Topic: CNBC Nightly Business Report cease production in Dec 2019
Replies: 123
Views: 7450

Re: CNBC Nightly Business Report cease production in Dec 2019

It was announced on the show itself (Monday or Tuesday?) saying CNBC was ceasing production and it would not be available in the New Year. I also noticed much was a rehash of CNBC reports but I liked it because I didn't need to watch CNBC so much. It was concise and had most of the info I wanted. I...
by frugalecon
Wed Dec 25, 2019 9:49 am
Forum: Personal Finance (Not Investing)
Topic: White Coat Investor: Enough is Enough!
Replies: 289
Views: 31287

Re: White Coat Investor: Enough is Enough!

What do you think makes someone a compulsive saver? How do we avoid becoming one? willthrill81, Somebody does not use the "Pay Yourself First" saving method. People that use that method save first and spend the rest. They do not have to be obsessively and compulsively save anything. They save enoug...
by frugalecon
Mon Dec 23, 2019 8:53 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2980
Views: 528501

Re: What are you up YTD? [Year To Date]

Financial asset net worth up about 25%, of which about 3% was additions to the portfolio. Increase was almost double our yearly income. Crazy. Wish my dad was still alive and we could shake our heads together. I miss being able to talk gardening and investments with him.
by frugalecon
Wed Sep 18, 2019 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: What are the rules around signing up for a business credit card?
Replies: 35
Views: 2995

Re: What are the rules around signing up for a business credit card?

I'm not sure I'd even use ethical in the same line as credit card. I go one step further. Not only do I not have ethical qualms about exploiting the credit card companies, I actually take great pleasure and satisfaction from it. In fact, my wife and I almost never actually pay for air travel, relyi...
by frugalecon
Mon Aug 26, 2019 8:58 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1474
Views: 169668

Re: What frugal thing did you do today?

Spent no money.
by frugalecon
Fri Aug 23, 2019 6:22 pm
Forum: Personal Consumer Issues
Topic: Mortgage extra payment applied in error
Replies: 24
Views: 1783

Re: Mortgage extra payment applied in error

As I've posted here, I've recently started murdering my mortgage from cash flow. The podunk credit union who holds my note has somehow managed to get this right so far, in spite of their allergy to technology. I'm really impressed. They even send me new coupons in response to my prepayment. I use t...
by frugalecon
Thu Aug 08, 2019 11:29 am
Forum: Personal Consumer Issues
Topic: Renting a car in Boston (Logan Airport)
Replies: 9
Views: 557

Re: Renting a car in Boston (Logan Airport)

nimo956 wrote:
Thu Aug 08, 2019 10:29 am
Just as an FYI, you can often find substantial savings by renting a car near, but not at, the airport. Find an Avis or Hertz nearby and take an Uber to/from Logan.
I have realized substantial savings from picking up off airport, even if I return at the airport.
by frugalecon
Tue Aug 06, 2019 7:59 pm
Forum: Personal Consumer Issues
Topic: Worth it to upgrade to Main Cabin Extra?
Replies: 76
Views: 4587

Re: Worth it to upgrade to Premium Economy?

One last comment occurs to me. Rather than asking a group of strangers on the Internet for their opinion about whether it is worth it (for you?) to spend a couple of hundred dollars on an experience, this might be an example of a situation where it might be useful for you to spend the cash once to a...
by frugalecon
Tue Aug 06, 2019 7:30 pm
Forum: Personal Consumer Issues
Topic: Worth it to upgrade to Main Cabin Extra?
Replies: 76
Views: 4587

Re: Worth it to upgrade to Premium Economy?

I have flown international true premium economy (not plain economy with extra legroom, but the higher class of service) twice, once on Air Canada and once on United. The seat is wider, the pitch is substantial greater, and there is greater recline. You can see the dimensions relevant to your flight ...
by frugalecon
Fri Jul 12, 2019 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Can my brother afford his vacation?
Replies: 41
Views: 4079

Re: Can my brother afford his vacation?

I wouldn’t have responded to that comment, because I wouldn’t have asked him what his financial situation was in the first place. I might have said, “sounds like that is for you and your spouse to resolve.” I don’t weigh in on my siblings’ spending. Not my monkeys, not my circus. That said, I have h...
by frugalecon
Sun Jul 07, 2019 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Prenuptial for future son-in-law - RESOLVED
Replies: 46
Views: 2979

Re: Prenuptial for future son-in-law

I thought a prenup was an agreement by which a married couple contracted around the default arrangements that the state provided them. The idea of a prenup between a person and his parents in law sounds strange. This seems like a good way to torpedo your relationship with the guy. If my FIL had appr...
by frugalecon
Fri Jul 05, 2019 11:42 am
Forum: Investing - Theory, News & General
Topic: Hussman predictions..
Replies: 17
Views: 2333

Re: Hussman predictions..

. Hussman Strategic Growth Fund (HSGFX) returns (%): YTD = -12.91 1 yr = -8.33 3 yr = -9.27 5 yr = -9.03 10 yr = -7.03 15 yr = -4.02 Yes, they are all negative. After-tax returns since inception of the fund (almost 19 years) = -0.66. So far it looks like wealth destroying rather than wealth creatin...
by frugalecon
Wed Jul 03, 2019 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Do you share your net worth with family members?
Replies: 252
Views: 23500

Re: Do you share your net worth with family members?

No one has ever directly asked, and I have never volunteered. My mother once observed that I am surely a millionaire, which I didn’t deny, so that at least set a lower bound. My father rejected my investment approach, and it really would have bummed him out to know that my net worth was multiples of...
by frugalecon
Fri May 31, 2019 6:15 pm
Forum: Investing - Theory, News & General
Topic: Best day of the month to invest?
Replies: 41
Views: 5070

Re: Best day of the month to invest?

Any day that the “U.S. stocks in free fall” gets bumped.
by frugalecon
Tue May 28, 2019 6:45 pm
Forum: Personal Investments
Topic: What else can I do to achieve FIRE?
Replies: 58
Views: 5375

Re: What else can I do to achieve FIRE?

In order to answer your question you would have to post what your average yearly spending is including health care costs. FOr the investment question, I would most certainly spend the monthly extra money towards the principle of the mortgage - at your rte, you should be done with the mortgage in 4-...
by frugalecon
Tue May 28, 2019 6:26 pm
Forum: Investing - Theory, News & General
Topic: "Six Personal Finance Hacks..." article (pardon the hackneyed use of hack)
Replies: 3
Views: 1439

Re: "Six Personal Finance Hacks..." article (pardon the hackneyed use of hack)

I am guessing Morgan Housel did not write the headline, but the article is worth reading and sharing with a twenty something person just starting out. Perhaps as a precursor to Bernstein’s “If You Can.” I really wish I would have had easy access to all of the information that is currently available ...
by frugalecon
Mon May 27, 2019 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Elderly Parent's Home In Need of Major Repairs
Replies: 44
Views: 4568

Re: Elderly Parent's Home In Need of Major Repairs

Is the house safe, as in not being further vandalized? I would for sure keep it to inherit for the stepped -up basis and sell it then. In the meantime, keep a good roof and maintain the exterior so it will not deteriorate. You can decide how much to fix up when you want to sell it.... Is it really ...
by frugalecon
Sun May 19, 2019 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 16184

Re: FIRE - What am I missing in the News Stories

Yes, but people can simply move . We live in a VHCOL area. As we near retirement we recognize moving would greatly reduce our annual living expenses and taxes. But we don’t find it simple to move due to a variety of factors: - Two sets of aging parents that need (physical) help on a weekly basis - ...
by frugalecon
Sun May 19, 2019 11:55 am
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 16184

Re: FIRE - What am I missing in the News Stories

One thing that I don't recall having seen discussed in any of the articles about the more extreme version of "lean" or "skinny" FIRE at a very early age is that the person is potentially locking in a very low standard of living many decades in the future, when there may be technological advances tha...
by frugalecon
Tue Apr 23, 2019 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Getting Spouse On Board With Saving
Replies: 41
Views: 4311

Re: Getting Spouse On Board With Saving

I have read that there is research indicating that people are more willing/able to save for the future if they do visualization exercises with depictions of themselves at an older age. (For example, see https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3949005/) Perhaps some version of this, maybe with t...
by frugalecon
Fri Apr 12, 2019 6:24 pm
Forum: Personal Investments
Topic: Roth TSP vs. Regular TSP?
Replies: 20
Views: 2372

Re: Roth TSP vs. Regular TSP?

This is a difficult choice because it involves difficult predictions. I am putting my catchup into Roth to diversify. I am worried that RMDs could be astronomical, though in some respects that is a problem for privileged people.
by frugalecon
Sat Mar 23, 2019 6:29 am
Forum: Investing - Theory, News & General
Topic: 10 Year/3 Month Treasuries Inversion
Replies: 100
Views: 9581

Re: 10 Year/3 Month Treasuries Inversion

Can't wait to refinance my mortgage. I'm only 16 months into my 7/1 ARM but I'm already seeing the possiblity to refinance at a lower rate. I don’t plan to refi, but in a similar vein, the decline in interest rates increases the attractiveness of making extra principal payments, particularly if a p...
by frugalecon
Fri Mar 22, 2019 3:24 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18835
Views: 2632238

Re: U.S. stocks in free fall

Always happy when this occurs on a payday, so my TSP contribution goes in at a lower price.
by frugalecon
Wed Mar 20, 2019 1:40 pm
Forum: Personal Investments
Topic: Roth vs Traditional - Tax Bracket and 401K?
Replies: 27
Views: 1710

Re: Roth vs Traditional - Tax Bracket and 401K?

A lot of people (not necessarily the OP) look for easy 'sound bite' answers to the question of traditional vs. Roth, but there aren't any. Absolutely. I had wanted this for a long time and, without finding it, stuck with tIRA. Now that I'm finally understanding it better, and especially understandi...
by frugalecon
Tue Mar 19, 2019 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a $1.5 million house?
Replies: 125
Views: 9696

Re: Can I afford a $1.5 million house?

The clickbait title of your thread is ridiculous, arrogant and kind of embarrassing. You aren't buying a $1.5 million house as a second home. You're buying 1/3rd of a $1.5 million house as your second home. I just find the title confusing. Of course given the parameters the OP gave he CAN afford it...
by frugalecon
Tue Mar 19, 2019 7:22 pm
Forum: Personal Consumer Issues
Topic: Two Lessons from Alan Krueger
Replies: 4
Views: 1166

Re: Two Lessons from Alan Krueger

arcticpineapplecorp. wrote:
Tue Mar 19, 2019 4:53 pm
planet money also has an write-up about what he taught us:

https://www.npr.org/sections/money/2019 ... -taught-us
Thanks for following up with this, arcticpineapplecorp.
by frugalecon
Tue Mar 19, 2019 1:08 pm
Forum: Personal Consumer Issues
Topic: Two Lessons from Alan Krueger
Replies: 4
Views: 1166

Two Lessons from Alan Krueger

The very sad news of the death by suicide of Alan Krueger, a very accomplished scholar and public servant, has brought forth a number of statements from people who knew him well. This David Leonhardt column in the New York Times shares some insights that are relevant to all of us as economic agents,...
by frugalecon
Sun Mar 17, 2019 8:12 pm
Forum: Personal Investments
Topic: How to realistically FIRE?
Replies: 310
Views: 24907

Re: How to realistically FIRE?

- No kids - Expensive hobbies (500$/mo x2 premium health club, flying lessons once a month or so at 300$/hour, a couple ski passes, ...) - Expensive travelling (couple international trips a year at $10-$15k per trip, several weekends out of town in nice hotels at $2k+ per trip) - Expensive car paym...
by frugalecon
Fri Mar 15, 2019 1:18 pm
Forum: Investing - Theory, News & General
Topic: Grantham: US will return 2% real next 2 decades
Replies: 173
Views: 18523

Re: Grantham: US will return 2% real next 2 decades

There was a homeless guy on my way home from work that said if I help him with a couple of dollars, god will make me a millionaire. So who do you believe: Grantham (WHO?) or the homeless nobody? P.S. I told the homeless person that being a millionaire is so overrated. I want to be a BILLIONAIRE. I ...
by frugalecon
Tue Mar 12, 2019 1:09 pm
Forum: Investing - Theory, News & General
Topic: Hussman predictions..
Replies: 17
Views: 2333

Re: Hussman predictions..

Why don’t you post a summary of how Hussman’s past predictions have worked out. Then we can decide how much weight to put on this one.
by frugalecon
Tue Mar 12, 2019 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Job burnout - Keep grinding or change?
Replies: 65
Views: 8603

Re: Job burnout - Keep grinding or change?

I ran across this thread, and I am bumping in case the OP has anything to share about how things have worked out. I have felt this way before, and I still have intermittent twinges, though as I get closer to the end of the W-2 employee chapter of my life it is easier to keep perspective.
by frugalecon
Mon Mar 11, 2019 7:56 pm
Forum: Investing - Theory, News & General
Topic: Do you have 1 or 2 numbers for expenses in retirement?
Replies: 59
Views: 4728

Re: Do you have 1 or 2 numbers for expenses in retirement?

I have developed a “High” budget and a “Low” budget for retirement planning. I fully expect to be able to satisfy the High budget, but the Low budget is useful for gauging where we would stand in the event of unforeseen job loss or a very unfavorable sequence of returns in financial markets.
by frugalecon
Mon Mar 11, 2019 6:15 am
Forum: Personal Investments
Topic: Boeing-time to buy?
Replies: 58
Views: 8745

Re: Boeing-time to buy?

I thought of this recent thread in the wake of the plane crash in Ethiopia. Having a concentrated position in a single stock can be very risky.
by frugalecon
Thu Mar 07, 2019 10:05 pm
Forum: Investing - Theory, News & General
Topic: Grantham: US will return 2% real next 2 decades
Replies: 173
Views: 18523

Re: Grantham: US will return 2% real next 2 decades

Of course nobody can predict the future but this guy says 2% real returns over the next 2 decades and will be painful. https://www.youtube.com/watch?v=h37hMronhas He says EM Value can return as much as 8% real. Scary stuff but not quite sure I buy it. What was the CAGR of the S&P 500 from 1/1/2000?...
by frugalecon
Wed Mar 06, 2019 9:43 pm
Forum: Investing - Theory, News & General
Topic: What do you tell people who ask for retirement/investment advice?
Replies: 71
Views: 6229

Re: What do you tell people who ask for retirement/investment advice?

DW and I are retired and it is obvious to people who know us that we are doing reasonably well. ..What do you people say to a person on the verge of retirement with no savings? Suggestion: When in their company, try to make it less obvious how well you are doing. We try not to be ostentatious, and ...
by frugalecon
Wed Mar 06, 2019 6:48 pm
Forum: Investing - Theory, News & General
Topic: What do you tell people who ask for retirement/investment advice?
Replies: 71
Views: 6229

Re: What do you tell people who ask for retirement/investment advice?

One other piece of advice -- he should downsize now, rather than later. And by that I mean downsize everything -- his house, his car, his ongoing expenses, his possessions, etc., so that he has lower overhead and can save more (and, in the case of selling possessions/house, hopefully get top dollar...
by frugalecon
Wed Mar 06, 2019 5:24 am
Forum: Investing - Theory, News & General
Topic: What do you tell people who ask for retirement/investment advice?
Replies: 71
Views: 6229

Re: What do you tell people who ask for retirement/investment advice?

I have a friend in the situation you described. He has basically mismanaged his personal finances for > 30 years, and he has pretty much ignored any advice. He lost his job more than 5 years ago, and he is now ekeing out a meager existence, relying on Social Security, public assistance programs, and...
by frugalecon
Sun Mar 03, 2019 6:30 pm
Forum: Personal Investments
Topic: Lots of cash .. Scared to put it to work now
Replies: 207
Views: 19460

Re: Lots of cash .. Scared to put it to work now

I think that there is a certain amount of “letting go” that needs to happen in investing. Because we don’t have perfect knowledge of the future, all we can do is choose a strategy, implement it, and move on. Paralysis is not a strategy. What has helped me is knowing that I am investing almost every ...
by frugalecon
Sat Mar 02, 2019 9:25 pm
Forum: Personal Investments
Topic: Lots of cash .. Scared to put it to work now
Replies: 207
Views: 19460

Re: Lots of cash .. Scared to put it to work now

Geoffrey, you have 20 years to retirement, but investments run the rest of your life, so perhaps 50 years ahead. Even, or maybe especially in retirement, you need to at least keep pace with inflation and withdrawals, so you need maybe 40% stocks then and now. Stock risk is always a concern--for tho...
by frugalecon
Sat Mar 02, 2019 12:49 pm
Forum: Investing - Theory, News & General
Topic: 3 stages of Financial Independence
Replies: 82
Views: 14326

Re: 3 stages of Financial Independence

I didn't review every response to this thread, but it made me think of a blog post by Morgan Housel, in which he posits a spectrum of Financial Dependence and Independence. It is somewhat related to this discussion, I think. It is available here: https://www.collaborativefund.com/blog/the-spectrum-o...
by frugalecon
Fri Mar 01, 2019 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Upgrade primary residence vs. 3-fund
Replies: 24
Views: 2019

Re: Dilemma: Upgrade primary residence vs. 3-fund

In many ways you are in an enviable position. Your household salary in your late 30s is where we are in our early 50s, and our portfolio is also about $1.8 million, though zero inheritances here. House is worth right at $1 million. If I were you, I would accept that the plane represents a chunk of t...