Search found 1323 matches

by mak1277
Wed May 27, 2020 3:20 pm
Forum: Investing - Theory, News & General
Topic: I don't understand stock buybacks
Replies: 121
Views: 6980

Re: I don't understand stock buybacks

Anyway, it seems that buybacks should only be used when the company believes the stock is undervalued, but that doesn’t seem to always be the case. This is a fairly large philosophical question. What is the company's purpose? I know some company's believe their purpose is to provide shareholders wi...
by mak1277
Wed May 27, 2020 1:57 pm
Forum: Investing - Theory, News & General
Topic: I don't understand stock buybacks
Replies: 121
Views: 6980

Re: I don't understand stock buybacks

The stock price is unaffected by a buyback. We're never going to agree on this statement. You can quote economic theory all you want but the real market doesn't act that way. Buybacks increase share price, period. I'd say buybacks are associated with share price increases. Companies who's share pri...
by mak1277
Wed May 27, 2020 10:16 am
Forum: Investing - Theory, News & General
Topic: I don't understand stock buybacks
Replies: 121
Views: 6980

Re: I don't understand stock buybacks

alex_686 wrote:
Tue May 26, 2020 10:00 pm
The stock price is unaffected by a buyback.
We're never going to agree on this statement. You can quote economic theory all you want but the real market doesn't act that way. Buybacks increase share price, period.
by mak1277
Tue May 26, 2020 4:05 pm
Forum: Investing - Theory, News & General
Topic: I don't understand stock buybacks
Replies: 121
Views: 6980

Re: I don't understand stock buybacks

What causes share prices to go up in general? Demand for the shares. If a company is in the market for a huge dollar amount, the price of the shares HAS to rise. Why would market cap stay the same? Market cap and book value don't fluctuate perfectly in tandem and aren't synonyms. Maybe in the short...
by mak1277
Tue May 26, 2020 1:36 pm
Forum: Personal Consumer Issues
Topic: What will you NOT buy online?
Replies: 56
Views: 3837

Re: What will you NOT buy online?

rockstar wrote:
Mon May 25, 2020 6:16 pm
Suits. I like to be fitted.
All your suits are bespoke? You can buy suits online and still have them tailored.

As for me, anything with a strong return policy. I would stop short of buying a house sight-unseen/online.
by mak1277
Tue May 26, 2020 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Simple jobs during FATFire?
Replies: 45
Views: 2787

Re: Simple jobs during FATFire?

Start a non-profit.
by mak1277
Tue May 26, 2020 10:53 am
Forum: Investing - Theory, News & General
Topic: I don't understand stock buybacks
Replies: 121
Views: 6980

Re: I don't understand stock buybacks

Since I asked for evidence, I figure I might as well provide some. One SEC director has been hammering at this for a while. Link below to one of his speeches with the money quote included (emphasis is mine). https://www.sec.gov/news/speech/speech-jackson-061118 "So we dove into the data, studying 38...
by mak1277
Tue May 26, 2020 10:47 am
Forum: Investing - Theory, News & General
Topic: I don't understand stock buybacks
Replies: 121
Views: 6980

Re: I don't understand stock buybacks

Buybacks mean share holders get a bigger slice of the future growth, but do nothing to the current stock price. Please show data to back this up. I don't believe you're correct at all. If a company announces a buyback plan, the share price goes up. Full stop. And it makes perfect sense, because the...
by mak1277
Tue May 26, 2020 10:36 am
Forum: Personal Finance (Not Investing)
Topic: 1:1 salary and stock jobs?
Replies: 55
Views: 3100

Re: 1:1 salary and stock jobs?

So let’s say you are due 150k in vested stock for a given year. Do you simply receive the number of shares that corresponds to that compensation on that specific date and then you’re on your own to decide to hold, sell, etc.? Does the share price that day become your basis? Do most employees “buy a...
by mak1277
Tue May 26, 2020 10:27 am
Forum: Personal Finance (Not Investing)
Topic: 1:1 salary and stock jobs?
Replies: 55
Views: 3100

Re: 1:1 salary and stock jobs?

So let’s say you are due 150k in vested stock for a given year. Do you simply receive the number of shares that corresponds to that compensation on that specific date and then you’re on your own to decide to hold, sell, etc.? Does the share price that day become your basis? Do most employees “buy a...
by mak1277
Tue May 26, 2020 10:16 am
Forum: Investing - Theory, News & General
Topic: I don't understand stock buybacks
Replies: 121
Views: 6980

Re: I don't understand stock buybacks

Buybacks mean share holders get a bigger slice of the future growth, but do nothing to the current stock price. Please show data to back this up. I don't believe you're correct at all. If a company announces a buyback plan, the share price goes up. Full stop. And it makes perfect sense, because the...
by mak1277
Thu May 21, 2020 8:17 am
Forum: Personal Consumer Issues
Topic: What is your most luxury/expensive hobby.
Replies: 262
Views: 19227

Re: What is your most luxury/expensive hobby.

The guy into the video ran into problems...not enough tent....that's what winter backpacking can do to you. All of what you write is true (except for the 50 lbs part*). But in fairness to the video, the very experienced guy tests and reviews tents and knew exactly what he was getting into. An under...
by mak1277
Wed May 20, 2020 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: How did you determine your target savings rate?
Replies: 109
Views: 4598

Re: How did you determine your target savings rate?

smitcat wrote:
Wed May 20, 2020 2:51 pm
wander wrote:
Wed May 20, 2020 2:48 pm
It's weird but we actually have saved more than our 1-year of expense.
I cannot figure out what this means or what you are trying to say.
Probably means that their amount saved exceeds the amount spent (i.e., savings rate of >50%).
by mak1277
Wed May 20, 2020 12:38 pm
Forum: Personal Consumer Issues
Topic: What is your most luxury/expensive hobby.
Replies: 262
Views: 19227

Re: What is your most luxury/expensive hobby.

The guy into the video ran into problems...not enough tent....that's what winter backpacking can do to you. All of what you write is true (except for the 50 lbs part*). But in fairness to the video, the very experienced guy tests and reviews tents and knew exactly what he was getting into. An under...
by mak1277
Tue May 19, 2020 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: How did you determine your target savings rate?
Replies: 109
Views: 4598

Re: How did you determine your target savings rate?

I view being "401k poor" is no different than being "house poor". The difference here is you can always just decrease or stop 401k contributions, vs you still have a mortgage to pay and a house to maintain. Yes but at least the house provides some current value. I'd choose "house poor" over "401k p...
by mak1277
Tue May 19, 2020 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: How did you determine your target savings rate?
Replies: 109
Views: 4598

Re: How did you determine your target savings rate?

I view being "401k poor" is no different than being "house poor". The difference here is you can always just decrease or stop 401k contributions, vs you still have a mortgage to pay and a house to maintain. Yes but at least the house provides some current value. I'd choose "house poor" over "401k p...
by mak1277
Tue May 19, 2020 10:03 am
Forum: Personal Finance (Not Investing)
Topic: How did you determine your target savings rate?
Replies: 109
Views: 4598

Re: How did you determine your target savings rate?

I save what I don’t spend. Not the other way around. Your mileage may vary. So you spend first and only save what's left? I hope that works out well for you. It doesn't work out well at all for most who use that approach. It's more common than you think. I max out all tax advantaged account, spend ...
by mak1277
Tue May 19, 2020 8:15 am
Forum: Personal Consumer Issues
Topic: What kind of sunglasses?
Replies: 77
Views: 3879

Re: What kind of sunglasses?

One other option that hasn't been mentioned is Warby Parker. I bought my wife a pair 3 or 4 years ago and she has no complaints.
by mak1277
Mon May 18, 2020 3:22 pm
Forum: Personal Consumer Issues
Topic: What kind of sunglasses?
Replies: 77
Views: 3879

Re: What kind of sunglasses?

Ray-Ban is likely a solid choice. https://www.ray-ban.com/usa/sunglasses/view-all/plp I disagree. You are buying a brand, not a quality product. Check out then polarized sunglasses from Costco, Kirkland Signature. $30 and are very good for the price. I am a huge fan of Maui Jim. They are out of you...
by mak1277
Mon May 18, 2020 3:19 pm
Forum: Personal Consumer Issues
Topic: What kind of sunglasses?
Replies: 77
Views: 3879

Re: What kind of sunglasses?

Ray-Ban is likely a solid choice. https://www.ray-ban.com/usa/sunglasses/view-all/plp I disagree. You are buying a brand, not a quality product. Check out then polarized sunglasses from Costco, Kirkland Signature. $30 and are very good for the price. I am a huge fan of Maui Jim. They are out of you...
by mak1277
Mon May 18, 2020 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: How did you set up your trust distributions?
Replies: 39
Views: 2490

Re: How did you set up your trust distributions?

No specified annual distributions for ours, trustee has discretion. Our child will become the sole trustee at age 30. No annual fee for the trustee. But we did specify a lump sum payment to the person we named as our child's guardian should that be necessary before the child is 18.
by mak1277
Mon May 18, 2020 12:07 pm
Forum: Personal Consumer Issues
Topic: Will cash be obsolete in a new digital world?
Replies: 20
Views: 1039

Re: Will cash be obsolete in a new digital world?

Maybe it's just me but I like holding a fat stack of cash over just seeing the same amount on a screen. :D It might be just you. Not just him/her. There's definitely something viscerally appealing about having a stack of cash. Even more so if it's been won on a game of skill or chance. "Money won i...
by mak1277
Mon May 18, 2020 12:01 pm
Forum: Personal Consumer Issues
Topic: Choices of and precautions at hotels in this summer
Replies: 52
Views: 2936

Re: Choices of and precautions at hotels in this summer

If you really wanted to be cautious I suppose you could pay for the room for a few extra days before you arrive. Sort of like buying the middle seat next to you on an airplane so it won't be occuplied. I was going to suggest something similar. I'm not expecting to stay in a hotel anytime soon, but ...
by mak1277
Thu May 14, 2020 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving a Job Voluntarily during a pandemic?
Replies: 31
Views: 2908

Re: Leaving a Job Voluntarily during a pandemic?

Some more info: It's hard to know how secure my job will be if I don't take it. I work in the tax dept, and our department is truly lean, having outsourced our compliance to an acct firm- 35% of our employees were given the option to leave/were offered positions with the same Accounting firm. I am ...
by mak1277
Thu May 14, 2020 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving a Job Voluntarily during a pandemic?
Replies: 31
Views: 2908

Re: Leaving a Job Voluntarily during a pandemic?

Some more info: It's hard to know how secure my job will be if I don't take it. I work in the tax dept, and our department is truly lean, having outsourced our compliance to an acct firm- 35% of our employees were given the option to leave/were offered positions with the same Accounting firm. I am ...
by mak1277
Wed May 13, 2020 12:57 pm
Forum: Investing - Theory, News & General
Topic: Will "work from home" destroy the commercial real estate market?
Replies: 169
Views: 13060

Re: Will "work from home" destroy the commercial real estate market?

Her company plans to go back to going into the office in the fall, and does not plan to cut office space. They do plan to allow people to start working from home 1-2 days a week moving forward though. This won't impact real estate, but does impact other things (i.e. gas usage, local restaurants, et...
by mak1277
Wed May 13, 2020 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Turning 30. Living 30s without regrets
Replies: 87
Views: 9433

Re: Turning 30. Living 30s without regrets

I am currently heavily focussed on climbing the career ladder in my megacorp. I'm not saying this is the right or wrong focus, but if you do want to achieve this, your 30s are the time to do it. I didn't even start putting money into retirement accounts until I was 30 because I *knew* that I was go...
by mak1277
Wed May 13, 2020 10:42 am
Forum: Investing - Theory, News & General
Topic: Will "work from home" destroy the commercial real estate market?
Replies: 169
Views: 13060

Re: Will "work from home" destroy the commercial real estate market?

I have not read the entire thread, so apologies for treading on ground already covered. I am :dollar responsible for office leasing at a F1000 company. We were a company that was totally opposed to WFH before COVID, but we are already talking about how our success working from home will translate in...
by mak1277
Tue May 12, 2020 10:19 am
Forum: Personal Consumer Issues
Topic: COVID - 19 things to do
Replies: 51
Views: 4120

Re: COVID - 19 things to do

I'm thankful every day that I don't have to go into the office and work. Working from home is so much better for me.
by mak1277
Fri May 08, 2020 9:12 am
Forum: Investing - Theory, News & General
Topic: My theory about FIRE
Replies: 419
Views: 30548

Re: My theory about FIRE

... I'm just pointing out that if you don't set yourself on the right path, or at least avoid the paths that you will will not take you there or will take forever to take you there... you're setting yourself up for failure. My issue is that people here still advocate for slower/inefficient paths. A...
by mak1277
Fri May 08, 2020 8:43 am
Forum: Investing - Theory, News & General
Topic: My theory about FIRE
Replies: 419
Views: 30548

Re: My theory about FIRE

I know several friends (like 3) who had the RV dream. Only 1 of them actually really enjoyed it (i.e. after 6 months they were still out there). The others found the dream didn't match their reality. Exactly, because who wants to do the same thing (in this case RV'ing) every-single-day?!? At that p...
by mak1277
Fri May 08, 2020 8:28 am
Forum: Forum Issues and Administration
Topic: Thank you, moderators!
Replies: 46
Views: 2658

Re: Thank you, moderators!

-1

overmoderation is rampant here.
by mak1277
Fri May 08, 2020 8:26 am
Forum: Investing - Theory, News & General
Topic: My theory about FIRE
Replies: 419
Views: 30548

Re: My theory about FIRE

Someone in the thread asked why not do what you love to begin with instead of slogging at the job you hate to RE? I have a friend who loves to bake. She is now retired and spends a lot of her time baking. People want to hire her to bake for them. She demurs. She would hate baking if she had to do i...
by mak1277
Wed May 06, 2020 9:35 am
Forum: Investing - Theory, News & General
Topic: My theory about FIRE
Replies: 419
Views: 30548

Re: My theory about FIRE

What if you could happily retire at, say, 4% of your current portfolio, adjusted for inflation, but having considered warnings that 4% may not be safe, you work at a "fun" job? Is that an example of "NEED[ing]" the money? :-) Heh, okay, you got me. In my mind, you're not FIRE unless you can quit an...
by mak1277
Wed May 06, 2020 8:55 am
Forum: Investing - Theory, News & General
Topic: My theory about FIRE
Replies: 419
Views: 30548

Re: My theory about FIRE

What if you could happily retire at, say, 4% of your current portfolio, adjusted for inflation, but having considered warnings that 4% may not be safe, you work at a "fun" job? Is that an example of "NEED[ing]" the money? :-) Heh, okay, you got me. In my mind, you're not FIRE unless you can quit an...
by mak1277
Tue May 05, 2020 10:34 am
Forum: Investing - Theory, News & General
Topic: My theory about FIRE
Replies: 419
Views: 30548

Re: My theory about FIRE

For all the people that can not understand how anyone who likes their job/career might decide to actually voluntarily retire, This is interesting. Most days, I completely hate my job. However, this far into the lockdown, there's a part of me looking to get back to work. I miss the social interactio...
by mak1277
Mon May 04, 2020 12:58 pm
Forum: Personal Consumer Issues
Topic: Is a locking mailbox necessary or helpful, or more hassle than it's worth?
Replies: 43
Views: 2257

Re: Is a locking mailbox necessary or helpful, or more hassle than it's worth?

I once had my entire mailbox stolen, so investing in a locking mailbox seems pretty much a waste. If somebody wants your stuff badly enough they'll get it.

Edit to add: my wife and I probably only get our mail 2-3 days a week (due to laziness), so I have no idea if I've ever had mail stolen.
by mak1277
Fri May 01, 2020 2:56 pm
Forum: Personal Consumer Issues
Topic: College Grad Gift Ideas
Replies: 18
Views: 963

Re: College Grad Gift Ideas

I would give $100 to a family friend or second cousin. I gave my little brother three times that when he graduated high school 15 years ago. A benjamin for your own kids seems...barely better than nothing. If you can only spend $100 I'd definitely try and get something more personal.
by mak1277
Tue Apr 28, 2020 4:40 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1407
Views: 319025

Re: Best watch for around $5,000?

I am not sure why is hard to understand for some people that aesthetics and form is very important and a completely different topic than functionality. I'm not sure why it's so hard for some people to understand that function is more important than form in a utilitarian object, be it a time piece o...
by mak1277
Tue Apr 28, 2020 12:06 pm
Forum: Investing - Theory, News & General
Topic: SS as part of Asset Allocation?
Replies: 41
Views: 2019

Re: SS as part of Asset Allocation?

I am too lazy and uninterested to figure out how much SS I might get, and how early retirement will impact that. Much easier to ignore it and treat it as a luxury if/when I receive it someday.
by mak1277
Tue Apr 28, 2020 10:07 am
Forum: US Chapters
Topic: What is a Boglehead? Some Fun.
Replies: 53
Views: 2879

Re: What is a Boglehead? Some Fun.

I would describe it as efficient, low-cost index investing through thick and thin. Lot's of Bogleheads, including me, don't spend extravagantly, but personal spending has really nothing to do with an investing strategy. JT This. It starts and stops with investing strategy to me. I don't want to be ...
by mak1277
Tue Apr 28, 2020 9:45 am
Forum: US Chapters
Topic: What is a Boglehead? Some Fun.
Replies: 53
Views: 2879

Re: What is a Boglehead? Some Fun.

I would describe it as efficient, low-cost index investing through thick and thin. Lot's of Bogleheads, including me, don't spend extravagantly, but personal spending has really nothing to do with an investing strategy. JT This. It starts and stops with investing strategy to me. I don't want to be ...
by mak1277
Mon Apr 27, 2020 3:17 pm
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 19837

Re: Why am I even saving for retirement?

midareff wrote:
Mon Apr 27, 2020 3:14 pm
Easy answer.... your going to really love the lifestyle creep it affords.
Yes, but why not enjoy at least some of that lifestyle creep right now instead of waiting?
by mak1277
Mon Apr 27, 2020 10:05 am
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 19837

Re: Why am I even saving for retirement?

Why on earth would you delay gratification in the first place? In your shoes, yes, you should absolutely start increasing spending if you desire that. Personally, "paying myself first" means that I live the life that I want to live...if there is money left over to save, that's just great. I've neve...
by mak1277
Mon Apr 27, 2020 8:38 am
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 19837

Re: Why am I even saving for retirement?

Everyone warning me SS benefits will be cut are missing the point. If it’s cut it’s cut. I’ll save some more to make up for the gap or cut my expenses. Now, does that possibility require me to continue delaying gratificatio n and continue socking away >$100k/yr for two more decades? I think not. Wh...
by mak1277
Mon Apr 27, 2020 8:14 am
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 19837

Re: Why am I even saving for retirement?

Everyone warning me SS benefits will be cut are missing the point. If it’s cut it’s cut. I’ll save some more to make up for the gap or cut my expenses. Now, does that possibility require me to continue delaying gratificatio n and continue socking away >$100k/yr for two more decades? I think not. Wh...
by mak1277
Sat Apr 25, 2020 1:46 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1407
Views: 319025

Re: Best watch for around $5,000?

I wish people who moralize over the price of watches would just ignore this thread.
by mak1277
Wed Apr 22, 2020 12:33 pm
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 448
Views: 57107

Re: What lifestyle creep made you happier?

DarnToughSocks. They have socks high as $35. I stick with $22-$28. I'm sorry for bringing up a point from six months ago, but... I can't resist bragging. I, too, am a fan of DarnTough socks, but my last purchase was made at $16.46 each when Backcountry had them on sale 25% off, which miraculously c...
by mak1277
Wed Apr 22, 2020 10:17 am
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 448
Views: 57107

Re: What lifestyle creep made you happier?

confusedinvestor wrote:
Wed Apr 22, 2020 12:07 am
Eating out 3/4 times a week.
Even w Covid-19, we are picking up from restaurants 3/4 times a week.
We have decided not to eat out at all during the COVID situation, and I am missing it big time. It's one thing I'll resume with great enthusiasm as soon as this is closer to being over.
by mak1277
Wed Apr 22, 2020 10:15 am
Forum: Personal Consumer Issues
Topic: Bartering food with local community?
Replies: 5
Views: 388

Re: Bartering food with local community?

Wouldn't it just be easier to make less?