Search found 1034 matches

by calmaniac
Thu Mar 23, 2023 9:03 pm
Forum: Investing - Theory, News & General
Topic: Bernstein on TIPS and T-bills
Replies: 69
Views: 6175

Re: Bernstein on TIPS and T-bills

Thanks Bill. Always learn something from your writings!

Question for the BH hive mind: Per Bernstein's article, my read is that holdings in the TSP G Fund would also be considered as addressing one's System 1 'Daffy Duck' urges, similar to T bills. Correct?
by calmaniac
Tue Mar 21, 2023 8:42 pm
Forum: Personal Investments
Topic: Bad Work Situation Pushing me into retirement.
Replies: 174
Views: 16359

Re: Bad Work Situation Pushing me into retirement.

kchico,

There are an infinite number of possibilities between continuing with Bad Work Situation and FIRE. It doesn't have to be one or the other. Having the considerable savings you have amassed gives you agency to make choices that are best for you and your family. As others have noted, leave this job and take a break.

In a 12 year old posting, JL Collins refers to FU money. A bit coarse, but the principle holds. When you have substantial funds you can make your own choices, whether or not your boss likes it.

I am not a JL collins fanboy, but along these lines his VTSAX redo video of John Goodman in The Gambler is good for a laugh. Also a bit coarse, not for sensitive BHs.
by calmaniac
Tue Mar 21, 2023 10:26 am
Forum: Personal Consumer Issues
Topic: Restaurant recommendations for Rome/Florence
Replies: 27
Views: 1646

Re: Restaurant recommendations for Rome/Florence

Found this gem on visit in 2016. Wonderful informal setting. Light fare of salami, prosciutto, and cheese. Excellent quality. Fair prices.

Prosciutteria Cantina Dei Papi Trevi
https://www.tripadvisor.com/Restaurant_ ... Lazio.html
by calmaniac
Sun Mar 19, 2023 8:54 pm
Forum: Personal Investments
Topic: Accredited Investors - any benefit for diversification?
Replies: 54
Views: 2680

Re: Accredited Investors - any benefit for diversification?

OldSport wrote: Sun Mar 19, 2023 6:07 pm Seems like there would be a lot of greedy sharks in this space for celebrities and athletes, and us "normal" folks that can qualify. How would one even begin to find something legitimate in this space?
Bingo.

I've worked for several small technology startups, so I own private equity and have been intimately involved in the funding process along the way. I would never invest in any of this stuff as an individual investor. KISS
by calmaniac
Tue Mar 14, 2023 6:56 pm
Forum: Personal Consumer Issues
Topic: Best Business Casual Pants (men)
Replies: 57
Views: 4464

Re: Best Business Casual Pants (men)

Hi everyone, I've tried Target, Bonobos, and some other brands, and they just aren't doing it for me. Now I'm in the market for some new business casual pants again. Any suggestions would be greatly appreciated. Thanks, cc Not sure what you mean by "business casual pants"? My guess is for some people this means high-end sweat pants and for others Chinos. What do you mean? My go to work pants are Ralph Lauren "Lauren" 100% wool pants. Very light, comfortable, maintain creases, look sharp, and are durable. Most docker and other cotton blend pants I've worn start to look beaten up pretty quickly. These pants keep their 'new' look for years. They do require dry cleaning. Maybe too old school for the Lululemonistas among us...
by calmaniac
Mon Feb 27, 2023 1:01 pm
Forum: Personal Investments
Topic: Advice for in-laws with recent inheritance and no retirement savings
Replies: 24
Views: 2783

Re: Advice for in-laws with recent inheritance and no retirement savings

I don't see any mention of Social Security, which will be a critical determinant of your in-laws' quality of life in retirement. After addressing their inheritance windfall, it is worth spending time with them on how to optimize when to file for Social Security.

It is often valuable for the spouse with the greater Social Security Primary Insurance Amount (PIA) to wait to file at age 70. Doubly so when they have such minimal assets and will really need to rely on Social Security in their retirement.
by calmaniac
Fri Feb 24, 2023 9:11 pm
Forum: Personal Consumer Issues
Topic: Frugal Tip: Black Tea vs Coffee -- we save around $600 per year this way.
Replies: 248
Views: 18955

Re: Frugal Tip: Black Tea vs Coffee -- we save around $600 per year this way.

I guess you think every Boglehead has to have a certain level of income? We are low income here; am I not allowed to be a Boglehead? Should I leave? Anyways to each their own. $600 per year is quite a bit for us.. and if we save in a dozen other similar ways that amounts to probably 50% of our savngs each year. I already said right from the initial sentence this won't be for everyone. Please don't take offense. JenniferW, I ❤️ this post. This is what it is all about. I want everyone to benefit from sound Boglehead investing principles, regardless of income. To be a long term investor, one must at some point be a saver. To be a saver, one must at some point learn how to live below one's means. That "live below one's means" calculu...
by calmaniac
Thu Feb 23, 2023 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Help: Capital gains tax on a sale of land - NY state
Replies: 30
Views: 1925

Re: Help: Capital gains tax on a sale of land - NY state

Aguilar wrote: Thu Feb 23, 2023 6:52 pm
cchrissyy wrote: Thu Feb 23, 2023 6:43 pm are you a part-owner or is this some other person or entity selling the land and the money coming to you is a gift?
I’m a part owner. My father held half of it and designated his half to my brothers and me. My uncle is managing the sale and he’ll pay me my portion in a check.
Was this land inherited (father passed away) or gifted (while father alive)? This makes a huge difference on the federal capital gains tax, for which the basis is stepped up to that at the time of death. Can you clarify?
by calmaniac
Sat Feb 18, 2023 9:57 am
Forum: Non-US Investing
Topic: The gold boglehead [Andorra]
Replies: 29
Views: 2892

Re: The gold boglehead [Andorra]

Hello everyone, This is my second post. I'd like to share my preferred portafolio which is 35% gold and 65% stocks. Gold appreciates tracking the CPI loosely plus 0.80% and beats having bonds in a negative real yield environment, which we are at. Historically, it captures almost the same return as having a 100% equity portafolio with almost half the volatility. Gold and equities have negative correlations in time periods over three years. In ten year periods, the correlation between gold and stocks is -0.68. In the realm of negative real yields, bonds are confiscation certificates once again. Your thoughts? Alpand, there are over 12,000 past Boglehead discussions of the role of gold in a portfolio in the link below. I suspect that may prov...
by calmaniac
Wed Feb 08, 2023 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Questions for Physicians: your thoughts on time vs compensation
Replies: 39
Views: 4245

Re: Questions for Physicians: your thoughts on time vs compensation

Old crusty doc here. First world problem.

Burned out mid-career physicians making $400,000/year are a dime a dozen. Important not to become a statistic.

Once you are making ≥$250,000/year, anything above that is gravy. There is minimal incremental increase in happiness with greater income over $250k. On the other hand going into the hospital every other weekend has a huge impact on happiness.

Everyone has to make their own life decisions and how much they value money vs. happiness.
by calmaniac
Tue Feb 07, 2023 4:11 pm
Forum: Personal Investments
Topic: Investment Art
Replies: 18
Views: 2155

Re: Investment Art

Art is not an investment, it is a speculation. An example of an investment is an equity ETF, which is ownership in companies, which make a profit by selling a product. With a speculation, such as artwork, increase in value is based on the possibility that it will increase in value over time. I would not confuse the two. I can't predict what the art market for John Singer Sargent will be in 30 years, but I am pretty such the global economic engine will continue to be profitable. If you like art and have sufficient assets to provide for yourself, go ahead and buy art for its own sake. But don't buy it as an investment. We own in the low 5 figures of art, most of which is by artists I've seen exhibited at elite museums, such as the Smithsonian...
by calmaniac
Tue Jan 31, 2023 11:05 am
Forum: Personal Consumer Issues
Topic: Electric toothbrush experiences
Replies: 38
Views: 2309

Re: Electric toothbrush experiences

Philips Sonicare 6100. I love it. Have had it 4 years and going strong!

Wish I had bought one when my dental hygienist first suggested it 20 years ago.
by calmaniac
Tue Jan 31, 2023 10:48 am
Forum: Investing - Theory, News & General
Topic: Trying to make sense of the market
Replies: 65
Views: 4791

Re: Trying to make sense of the market

The discussion around predicting bear market timing is more noise than signal. It is not knowable.

The OP is struggling with how to deal with uncertainty in investing. This is as much an issue of investor psychology as it is finance.

Lump sum? Dollar cost average?
Maybe split the difference and invest 50% ASAP and 50% in 3 months and be done with it.


Don't overthink this. By doing nothing and staying in cash you are still making a choice.
by calmaniac
Tue Jan 31, 2023 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Glide into retirement or OMY [One More Year]?
Replies: 22
Views: 2669

Re: Glide into retirement or OMY?

OMY

One morning you will wake up and realize that you have more money than time left on the planet. That realization and how it enters into your retirement is an individual decision.
by calmaniac
Mon Jan 30, 2023 11:53 am
Forum: Investing - Theory, News & General
Topic: ImmediateAnnuities.com
Replies: 29
Views: 4050

Re: ImmediateAnnuities.com

17outs wrote: Mon Jan 30, 2023 11:33 am I would like to understand this as well. I was looking at guaranteed 20 years for a bridge. I was always told DIA were the devil, but at these options and comparing them to a TIPS ladder with fixed COLA there doesn't seem to be much of a comparison, but the little voice comes back and says, "What am I missing?"
In a word, "Mortality Credits" & risk pooling. A TIPS ladder is for a specified number of years. A SPIA lasts for as long as you are alive. See nisiprius' posting above.
by calmaniac
Mon Jan 30, 2023 10:40 am
Forum: Personal Investments
Topic: Rolling over Roth 401K to Schwab IRA
Replies: 3
Views: 282

Re: Rolling over Roth 401K to Schwab IRA

I'll let others answer your questions, but Schwab has very good customer service in my experience.

One additional very important point. She should do the rollover as a "direct rollover", which does not require the tight 60 day time line. With a direct rollover the check is made out to the account, not to the account owner. Typically the check will be made out to "“Schwab Account BlahBlahBlah FBO Your name here”, where FBO stands for "for benefit of".

See: https://www.bogleheads.org/wiki/IRA_rol ... _transfers
by calmaniac
Sun Jan 29, 2023 9:30 pm
Forum: Investing - Theory, News & General
Topic: What is the “Boglehead Approach” for Decumulation Phase?
Replies: 35
Views: 6718

Re: What is the “Boglehead Approach” for Decumulation Phase?

I think the main BH approach is to have so much money invested for retirement when retired that one doesn't have to worry about any approach. Simply withdraw as needed whenever you feel like withdrawing. That's the "main" approach? I highly doubt that even here, among Bogleheads, there are enough people wealthy enough for the "Alfred E. Neuman Strategy" to be prudent for the majority of members — or even anywhere close to a plurality of them. Most of us have to think a bit more carefully about it... Per my signature line, I guess I must be an adherent of the "Alfred E Neuman Strategy". But to iceport's point, the real value of retirement financial planning is for those whose assets are ≤25-30x (≈4% withdrawal ...
by calmaniac
Fri Jan 27, 2023 9:48 am
Forum: Personal Consumer Issues
Topic: washing machine replacemnt
Replies: 58
Views: 4918

Re: washing machine replacemnt

If the problem is a non-available circuit board, this company sells refurbished appliance circuit boards at a very good price point.

https://circuitboardmedics.com/about-us/

You order a refurbished circuit board; they send by express mail along with a return envelope; you return your faulty circuit board, which they then refurbish for a new customer.

They have Youtube videos to help in your replacement.

I did this and had a great result at a good price. Not for everyone, but worth considering.
by calmaniac
Wed Jan 25, 2023 10:50 pm
Forum: Personal Consumer Issues
Topic: Information sources on health
Replies: 24
Views: 1352

Re: Information sources on health

In general, I'm a moderately healthy 50-something male, subject to many of the usual behavioral glitches (don't eat great, exercise much, etc.) I'm interested in information and behavioral/medical modifications that provide fairly clearly demonstrated health improvements, at a cost (financial/behavioral/medical/etc) that makes it worthwhile. Old cranky physician here. Take the below candor in the positive spirit it is intended; I wish you happiness and good health. Making good healthy life choices are one of the greatest gifts we can give ourselves. Most lay medical journalism is infotainment. If you want to be entertained great, but reading more is unlikely to affect your health. You already mention "behavioral glitches" of not ...
by calmaniac
Wed Jan 25, 2023 10:23 pm
Forum: Personal Consumer Issues
Topic: Information sources on health
Replies: 24
Views: 1352

Re: Information sources on health

In general, I'm a moderately healthy 50-something male, subject to many of the usual behavioral glitches (don't eat great, exercise much, etc.) I'm interested in information and behavioral/medical modifications that provide fairly clearly demonstrated health improvements, at a cost (financial/behavioral/medical/etc) that makes it worthwhile. Old cranky physician here. Take the below candor in the positive spirit it is intended; I wish you happiness and good health. Making good healthy life choices are one of the greatest gifts we can give ourselves. Most lay medical journalism is infotainment. If you want to be entertained great, but reading more is unlikely to affect your health. You already mention "behavioral glitches" of not ...
by calmaniac
Tue Jan 24, 2023 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Question of Chasing After Bank or Brokerage Bonuses
Replies: 45
Views: 3158

Re: Question of Chasing After Bank or Brokerage Bonuses

Carno wrote: Tue Jan 24, 2023 8:22 am Let's say you have 250 trading days a year and you gain or lose several thousand dollars a day. Then you have a few bonuses a year (maybe 2 to 3) each in the $500-$1,000 range. That is like $3,000 a year; something like 3 days of gain off your assets.
For me, not worth the time and energy of having to track assets and changes and deal with the inevitable mistakes/miscommunications that arise. With mid seven figures I'm sure I could make a few bucks doing this. Personally, I have better things to do with my time. YMMV.
by calmaniac
Tue Jan 24, 2023 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Helping a friend prepare for retirement. pension and social security
Replies: 6
Views: 753

Re: Helping a friend prepare for retirement. pension and social security

He currently lives pretty comfortable off of $2200 of take-home money . Are these his take home wages or some other sources of income? He had heard that he would not get much Social Security because of the Windfall Elimination Provision. I told him that it was my understanding that he would get most of it because he had almost 30 years of service. I think he may lose roughly 15% to 20% overall. • He should talk with Social Security. This is too important for guessing games. • He should register with MySocialSecurity.gov Note that registration requires having a bunch of your personal financial history information to verify you are who you really are. • Human resources at the school or school district has got to have someone who can help ans...
by calmaniac
Tue Jan 24, 2023 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: How do you know if you can retire?
Replies: 42
Views: 4412

Re: How do you know if you can retire?

You are 55, spend $120K per year, and have $7mm saved. You are asking the wrong question. The correct question is, "How many more Monday's do you have?" 2000? How many of them do you want to spend at work? At this point you're not going to work for the money. That's only okay if you love it. +1 on Mondays The most important issue is to shift from "accumulation phase thinking" where your focus is on your net worth, to "distribution phase thinking" where your focus is on cash flow & expenses. With assets and expenses as noted above you can retire. The big issues are: 1. when 2. how best to optimize taxes 3. how best to optimize the quality of your retirement life experience -Personally, hoping for another 15...
by calmaniac
Tue Jan 24, 2023 11:23 am
Forum: Investing - Theory, News & General
Topic: Target fund glide path observations
Replies: 20
Views: 2032

Re: Target fund glide path observations

marginal wrote: Mon Jan 23, 2023 8:52 pm 2) It makes sense to be more conservative before retirement. After retirement I also want to have growth so I can have a reserve for draw down later. Basically make up for slow down and build up for spending at age 72-79.
Do you think ramping up after retirement age 72+ for another 7 years (like V-shape) makes sense?
Search "Bond tent" on Bogleheads or check out Michael Kitces/Wade Pfau's initial work here: https://www.kitces.com/blog/managing-po ... -red-zone/
by calmaniac
Mon Jan 23, 2023 8:44 pm
Forum: Personal Investments
Topic: Importance of have taxable account for retirement
Replies: 23
Views: 2233

Re: Importance of have taxable account for retirement

Michael, it sounds like you are in pretty good shape as is. It does not sounds as if having a taxable account is going to move the needle for you. Lots more important variables for you, such as when to take Social Security. For people with 25% and higher income tax marginal rates and for those planning to leave inheritances to others, having some assets in taxable accounts may have some advantages (i.e., step up in basis = tax free inheritance). It does not sounds as if either of those are an issue for OP. For much of my career I did not have access to an employee sponsored retirement plan, so most of our investments (≈60%) are in a taxable brokerage account and only 27% are in TSP/457/IRA pre-tax retirement accounts. Because we have substa...
by calmaniac
Mon Jan 23, 2023 4:41 pm
Forum: Personal Consumer Issues
Topic: iPhone 13 Charger - Which generic brand on Amazon is best?
Replies: 62
Views: 2925

Re: iPhone 13 Charger - Which generic brand on Amazon is best?

Anker peripherals are Apple MFi certified. Would not use anything that was not.

See https://community.anker.com/t/what-is-a ... tion/56996
by calmaniac
Mon Jan 23, 2023 3:59 pm
Forum: Personal Consumer Issues
Topic: Lighting options for backyard - designer/consultant?
Replies: 14
Views: 1192

Re: Lighting options for backyard - designer/consultant?

My Volt lighting project is the best DIY project I've done in years. Search the BH website for "volt lighting" for past discussions.

https://www.voltlighting.com

I have my system hooked up to a Kasa smart plug. It turns on every day at sundown and off at 10:30 at night. I can turn it on/off with my Smart Phone app as well.
by calmaniac
Sun Jan 22, 2023 3:33 pm
Forum: Personal Investments
Topic: How to re-enter market in 2023
Replies: 77
Views: 11499

Re: How to re-enter market in 2023

mruizesparza wrote: Sat Jan 21, 2023 7:23 pm
Age: 61; wife: 59
Social Security: we will both apply at age 67
You don't mention your estimated relative PIAs (primary insurance amounts, amount you will receive at age 67). It will likely be better for the higher earner to wait until 70 and burn a bit more cash during those 3 years. Check out Open Social Security for example.
https://opensocialsecurity.com

Also, if you have not done so already, register with mysocialsecurity.gov That will give you a better idea of your benefit options.
by calmaniac
Sat Jan 21, 2023 3:36 pm
Forum: Personal Consumer Issues
Topic: How much are you helping your kids through college?
Replies: 144
Views: 14405

Re: How much are you helping your kids through college?

Gave them the same as what my partner and I got from our respective parents and my father got from his parents: full support for tuition and living expenses.

YMMV
by calmaniac
Wed Jan 18, 2023 9:26 am
Forum: Personal Investments
Topic: CPI-indexed annuities
Replies: 63
Views: 3940

Re: CPI-indexed annuities

May want to review Stan The Annuity Man website

https://www.stantheannuityman.com
by calmaniac
Wed Jan 18, 2023 8:56 am
Forum: Personal Investments
Topic: Should I continue to hold a worthless security?
Replies: 8
Views: 744

Re: Should I continue to hold a worthless security?

aristotelian wrote: Wed Jan 18, 2023 8:51 am If you get rid of it you can claim the loss for tax purposes.
No. It is in an IRA, cannot use it for capital loss.

Good lession. Don't put speculative assets in retirement accounts.
by calmaniac
Wed Jan 18, 2023 8:34 am
Forum: Personal Investments
Topic: Should I continue to hold a worthless security?
Replies: 8
Views: 744

Re: Should I continue to hold a worthless security?

I was in a similar position after the 2000 tech bubble in having a bunch of worthless single company stocks in my IRA (did not have the $5 issue). I lost ≈$50k at the time.

I left these in the account for ≈10 years to remind myself of this folly and avoid similar in the future.

The good news: Fast forward 20 years of Boglehead investing and those $50k of losses are just a blip on the path to financial freedom. Our savings are at 50x of our wildest spending upside.

We all make mistakes along the way. The important thing is to learn from them.
by calmaniac
Tue Jan 17, 2023 10:18 am
Forum: Investing - Theory, News & General
Topic: Your Personal Financial Plan
Replies: 43
Views: 4536

Re: Your Personal Financial Plan

Normchad wrote: Tue Jan 17, 2023 9:47 am Here’s my confession. I don’t have a written IPS. A lot of us don’t. A lot of us don’t need one. But some of us do.
Putting my financial & investing thoughts on paper into an Investment Policy Statement is the single most impactful action I have taken in our financial planning. Committing thoughts to paper is incredibly empowering. I often ask BH posters if they have an IPS and link to the Wiki.

I can't imagine not having a written plan for something that is so important.
by calmaniac
Mon Jan 16, 2023 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Resigning From A New Job
Replies: 77
Views: 6491

Re: Resigning From A New Job

Is a part time option available? That might give you the best of both worlds.
by calmaniac
Mon Jan 16, 2023 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Pension survivor option like cheap life insurance?
Replies: 27
Views: 1960

Re: Pension survivor option like cheap life insurance?

Would that $12,000/yr she would receive as a survivor benefit on your pension be adjusted for cost of living? If not, what is that really going to do for her as far as spending power in twenty (20) or thirty (30) years? • I have not seen the above COLA question addressed. • The other BIG QUESTION is what is your social security strategy as a couple? These two issues are related. • Safe COLA adjusted income is an important part of any retirement plan. Having this income forever provides a great sense of comfort to us. If your wife was my sister, my advice would be to seriously consider a ≈50% survivor benefit (particularly if it has a COLA). [FWIW, my military pension provides a 55% survivor benefit for a 6.5% haircut on my current pension ...
by calmaniac
Mon Jan 16, 2023 8:18 am
Forum: Personal Consumer Issues
Topic: how to get an honest(unbiased) second opinion from medical doctors
Replies: 92
Views: 8834

Re: how to get an honest(unbiased) second opinion from medical doctors

Subspecialty internal medicine doc here.

Another thought. Given the amount of time, energy, and money put into one's health care, it may make sense to travel a distance to get the best care. For example, driving a couple of hours to a nationally recognized expert at a major medical center rather than the local doc.
by calmaniac
Mon Jan 16, 2023 8:17 am
Forum: Personal Consumer Issues
Topic: how to get an honest(unbiased) second opinion from medical doctors
Replies: 92
Views: 8834

Re: how to get an honest second opinion from medical doctors

I've read in another discussion forum that Ray Dalio had a serious medical condition. The 1s and 2nd opinions were pessimistic. The 3rd opinion was more optimistic. The 4th and 5th opinions agreed with the 3rd one. Dalio proceeded with the course of treatment recommended in the 3rd, 4th, and 5th opinions, and they turned out to be correct. Victoria Not sure the above is a good model to emulate. • It is more or less what Annie Duke ("thinking in Bets") describes as " Resulting ", evaluating an isolated decision based on its outcome. When you have an "n of 1" single decision a good or bad result proves little. A single person investing in Bitcoin and coming out ahead does not provide proof that Bitcoin is a good...
by calmaniac
Sun Jan 15, 2023 9:45 am
Forum: Personal Consumer Issues
Topic: Dryer Venting
Replies: 38
Views: 3784

Re: Dryer Venting

I installed rigid ducts for my dryer last year, it was a reasonable DIY project. The duct travels about 20 feet from dryer to wall vent. I used the rigid ducts from Home Depot and then semi-rigid duct for right angles, etc. I'm reasonably handy, but not excessively so.
by calmaniac
Fri Jan 13, 2023 7:20 am
Forum: Personal Consumer Issues
Topic: What is the BEST thing you spent money on?
Replies: 461
Views: 62862

Re: What is the BEST thing you spent money on?

sschoe2 wrote: Wed Mar 17, 2021 7:04 pm 1. Poodles
2. Road bikes
+ 1 for both!
by calmaniac
Thu Jan 12, 2023 8:23 am
Forum: Personal Consumer Issues
Topic: Are cheapest cruises worth it? $11/night?
Replies: 71
Views: 8651

Re: Are cheapest cruises worth it? $11/night?

My favorite cruise ship joke.

Cruise ship passenger 1: Oh, the food on the Cruse ship is awful!

Cruise ship passenger 2: Yes, and they give such small portions!

:D :D
by calmaniac
Thu Jan 12, 2023 7:32 am
Forum: Personal Consumer Issues
Topic: Are cheapest cruises worth it? $11/night?
Replies: 71
Views: 8651

Re: Are cheapest cruises worth it? $11/night?

snackdog wrote: Wed Jan 11, 2023 1:21 pm
badger42 wrote: Wed Jan 11, 2023 11:53 am You would have to pay me a lot more than $11/night to get me on a cruise ship. No thanks.
Because …? Fear of water?
I live in a city with hundreds of goods restaurants & entertainment venues. I can't fathom why anybody would want to live on a congested densely populated floating city for a week or two. Obviously, many people do enjoy cruising. Just not my jam. YMMV.
by calmaniac
Tue Jan 10, 2023 3:29 pm
Forum: Personal Investments
Topic: Did you stay in TSP just for G fund after retirement?
Replies: 39
Views: 3455

Re: Did you stay in TSP just for G fund after retirement?

I left Federal service 6 years ago and have kept my TSP, 100% of which is invested in the G Fund, which is ≈12% of our investment assets. I like having that super safe money available independent of any market chaos that might occur. If the Zombie Apocalypse comes and we need long-term care, the G Fund will be there. Indeed, I like the G Fund so much that I have rolled my 401k & IRA into the TSP. One caveat. TSP is not user friendly when it comes to distribution after death, particularly for non-spouse beneficiaries. For non-spouse beneficiaries, there is a limited amount of time after death to settle the account, after which they simply mail the beneficiary a check (with all of the associated tax implications). If spouse/mom is alive n...
by calmaniac
Tue Jan 10, 2023 10:24 am
Forum: Personal Finance (Not Investing)
Topic: T14, what is realistic? + Biglaw, what is the current culture?
Replies: 80
Views: 6776

Re: T14, what is realistic? + Biglaw, what is the current culture?

cashheavy18 wrote: Mon Jan 09, 2023 5:09 pm She took the LSAT (self-study with a book, no prep classes)
Standardized test taking is a learned skill as much as a measure of knowledge and ability. To not take an LSAT test prep puts one at a disadvantage.

I have taken innumerable standardized tests, all the way through Internal Medicine Boards and subspecialty board exams. I've only once felt the need to take a preparatory course along the way and that was for the MCAT (medical equivalent of the LSAT).

IMO, not taking a preparatory course for the LSAT is penny wise and pound foolish.

The fact that DD has an expertise in both highly quantitative (theoretical math) and real world (Poly Sci, Global Security) areas is impressive. The world is her oyster.
by calmaniac
Mon Jan 09, 2023 3:25 pm
Forum: Personal Consumer Issues
Topic: MTB [mountain bike] choice help
Replies: 36
Views: 2010

Re: MTB [mountain bike] choice help

dalbright,

I'm confused. What surface are you riding on? Your description doesn't sound like mountain biking and you mention "commuting".

Are you on dirt paths, gravel, paved bike paths, roads? If a combination, what % for each?

Are you exclusively commuting or also riding for fun? If a combination, what % for each?
by calmaniac
Sun Jan 08, 2023 8:05 pm
Forum: Personal Consumer Issues
Topic: Dark Sky Weather App
Replies: 39
Views: 3201

Re: Dark Sky Weather App

Yes, we all miss Dark Sky. 😥

That said, I am seeing 10 days of weather in the Apple Weather app.

Today is Sunday Jan 8 and I am seeing weather forecast to Tuesday January 17th. Click on a specific day and it will open to a page with hourly data for that day, similar to dark Sky.
by calmaniac
Thu Jan 05, 2023 8:58 pm
Forum: Personal Consumer Issues
Topic: How to handle greedy dealer
Replies: 53
Views: 5726

Re: How to handle greedy dealer

1. Very few people get rich selling books. This guy is just trying to make a living. His job is to sell books at the highest price the market will bear. That is not "greedy".

2. As noted above, "Never attribute to malice that which is adequately explained by stupidity". Google "Hanlon's razor". Maybe the dealer just made a stupid mistake.

3. You seem to be taking this very personally. Is there other aspects of this book dealer that rub you the wrong way?
by calmaniac
Thu Dec 29, 2022 4:11 pm
Forum: Investing - Theory, News & General
Topic: What are your thoughts on this portfolio?
Replies: 13
Views: 1189

Re: What are your thoughts on this portfolio?

I came across this portfolio from this website , and am curious about your thoughts. VOO – 25% – 0.03% ER AVUV – 25% – 0.25% ER VEA – 10% – 0.05% ER AVDV – 10% – 0.36% ER VWO – 10% – 0.08% ER DGS – 10% – 0.58% ER EDV – 10% – 0.06% ER What's good, bad and/or unnecessary? Thanks Along the lines of comments from southernlucky & Apathizer, what are your thoughts about this portfolio? What appeals to you and why did you pick it? There are innumerable portfolios out there: 150 Portfolios Better Than Yours A critical variable is whether this portfolio makes sense to you and addresses your personal financial needs. If you are merely accepting someone else's "hot pick" portfolio, chances are that in tough times you will bail or flip t...
by calmaniac
Fri Dec 16, 2022 8:45 pm
Forum: Personal Investments
Topic: Investing in same fund across multiple accounts?
Replies: 7
Views: 797

Re: Investing in same fund across multiple accounts?

Bklmt2000 wrote: Fri Dec 16, 2022 5:54 pm My question: is this approach taking too much risk in a single fund, or no?
What kind of risk are you thinking of?

My spouse & I have large cap international (VXUS) in 3 accounts between us. VXUS is ≈18% of our holdings. I worry about a lot things, but not whether an individual index fund could "go under" Bernie Madoff/FTX style.
by calmaniac
Fri Dec 16, 2022 10:09 am
Forum: Personal Investments
Topic: If there is a housing crisis upcoming...
Replies: 9
Views: 969

Re: If there is a housing crisis upcoming...

At some point in life I realized:
1. I cannot predict the financial future with sufficient precision to warrant investing on that prediction
2. Simpler and more remunerative to stay invested in the market, rather than bet on a crisis
3. Threads like this quickly get shut down by mods

:beer