Search found 176 matches

by racy
Tue Feb 06, 2018 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Financial Hole
Replies: 163
Views: 13402

Re: Financial Hole

Ok, so here's an article about how to kill your $1000 grocery bill. https://www.mrmoneymustache.com/2012/03/29/killing-your-1000-grocery-bill/ My grocery bill is maybe $100 a week...I'll get to that worksheet the next chance I get. Right now I'm working 8 days straight,so maybe an hour or 2 after g...
by racy
Sat Feb 03, 2018 8:32 am
Forum: Personal Consumer Issues
Topic: Life Balance of spending and saving
Replies: 54
Views: 4595

Re: Life Balance of spending and saving

As to the question of use & ongoing interest, my observation: We don't have a pool, but do live on a lake. There are probably 50 other homes on the lake, too, 95% with boats in docks along the shore. We've been here 15 years and I've noticed that many new comers will use their boat for about 2 or 3 ...
by racy
Fri Feb 02, 2018 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: Today was a Really Bad Day
Replies: 278
Views: 46547

Re: Today was a Really Bad Day

I'll be interested to see what the financial porn talking heads have to say tomorrow. A couple of days ago when the market dropped 1/2 percent, Mario Bartiromo at Fox Business described it as "carnage"...
When it dropped 2 1/4% today it must be, what?, Armageddon?
by racy
Thu Feb 01, 2018 10:42 am
Forum: Personal Finance (Not Investing)
Topic: How to know if you really have enough for the future
Replies: 10
Views: 1547

Re: How to know if you really have enough for the future

Darrow Kirkpatick runs a site called "Can I Retire Yet". He has collected a data base of free retirement calculators (up to 82 now, he reports). He hasn't done testing on all of them, but he says "Rather than attempt to compare or validate so many calculators in-depth, I’m offering a “curated” list ...
by racy
Sat Jan 13, 2018 3:24 pm
Forum: Investing - Theory, News & General
Topic: AA is much harder than I thought...
Replies: 45
Views: 4979

Re: AA is much harder than I thought...

I'm 33 and have only been in the markets about a year. I'm doing my best to learn from the masters..... I do believe my portfolio should be at least 80/20, and this is how I'm acting when times are good. It makes me seriously wonder how I will handle a decline... Rather, the investor psychology tri...
by racy
Sat Jan 13, 2018 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Where to Invest Emergency Fund
Replies: 11
Views: 804

Re: Where to Invest Emergency Fund

OP, I suggest stop calling all of it an "emergency fund". The amount you truly need for emergencies should be in cash, CDs, or a very short-term bond fund with check writing allowed. The excess, per your desire, will conservatively invested. I have some Wellesley in our diversified portfolio; I call...
by racy
Mon Jan 08, 2018 2:11 pm
Forum: Investing - Theory, News & General
Topic: What is "winning the game" exactly?
Replies: 9
Views: 1381

Re: What is "winning the game" exactly?

I don't know if you've won, but for the record, this from the guy who said it: Bernstein was asked “How much exposure should people have to stocks.” He answered: "A lot of people had won the game before the [2008] crisis happened: They had pretty much saved enough for retirement, and they were conti...
by racy
Sun Jan 07, 2018 10:11 am
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 210
Views: 18207

Re: Memo to those who have won the game: it's time to quit playing

At 65 & feeling like a winner, I have my portfolio set at: 1. Stock allocation of 45%, and 2. Slice/dice into Total Stk, Wellesley, Sm Cap, REIT, Int'l & Health sector. I slice/dice so that I'm not concentrated in Apple, Microsoft, Alphabet, Amazon & Facebook. I don't want to see too much overlap in...
by racy
Wed Jan 03, 2018 8:17 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 450
Views: 35520

Re: What frugal thing did you do today?

Volunteer at the county food pantry, so take all the day-old bread I can handle...
by racy
Wed Dec 27, 2017 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 4041

Re: Miata as second car

If I was wanted to buy a Miata (which I did) or a BMW motorcycle (which I did), I wouldn't ask this forum what they thought! (But, then again, I did pay cash for both).
by racy
Sun Dec 17, 2017 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal SS benefits
Replies: 32
Views: 2268

Re: Spousal SS benefits

You can input variables here and get a recommendation. http://www.bedrockcapital.com/ssanalyze/
(Play around with the "expected age of death". For my situation, an increase of one year greater than the default life expectancy made a significant change in strategy).
by racy
Sun Dec 17, 2017 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Spousal SS benefits
Replies: 32
Views: 2268

Re: Spousal SS benefits

Go to the official Social Security website, here: https://www.ssa.gov/OACT/quickcalc/spouse.html
There is a calculator that spells out "benefits for spouses".
by racy
Tue Dec 12, 2017 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Year end review with less nerdy spouse
Replies: 72
Views: 8307

Re: Year end review with less nerdy spouse

I'm the spreadsheet jockey in our house. A couple of years ago I created a one Excel page summary, with a lot of linked info, to pull together essential info for DW. I update it monthly and annually. The summary shows rolling 12 month and annual data on: month expenses, expenses YTD vs plan; portfol...
by racy
Sat Dec 09, 2017 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: Do you have any guilty pleasure investments?
Replies: 53
Views: 3312

Re: Do you have any guilty pleasure investments?

Almost shamed to admit it, but 5% of portfolio is in VGHAX Vanguard Healthcare (managed, sector fund).
by racy
Sat Dec 09, 2017 8:09 am
Forum: Personal Consumer Issues
Topic: I am buying a car: Most/Least Reliable Makes?
Replies: 83
Views: 5562

Re: I am buying a car: Most/Least Reliable Makes?

My car reliability experience through the years: Triumph TR7 - would just die unexpectedly Jeep Cherokee & Laredo - annual gasket replacements for oil leaks Mazda 626 - engine warning light could never be fixed Mazda Miata - (same as above) Honda Accord - no problems Toyota Tacoma pickup - no proble...
by racy
Fri Dec 08, 2017 7:08 am
Forum: Personal Finance (Not Investing)
Topic: At what age your investments start making more money than you?
Replies: 107
Views: 7802

Re: At what age your investments start making more money than you?

43 - 46: portfolio
47 - 50: salary
51 - 55: portfolio
56: salary
57 - 58: portfolio
59: salary
60: portfolio (then retired)
by racy
Wed Dec 06, 2017 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Friend buys a lot of stuff because he want's to reduce his tax liability. Is this thinking flawed?
Replies: 47
Views: 4260

Re: Friend buys a lot of stuff because he want's to reduce his tax liability. Is this thinking flawed?

I'd give up on him and encourage his wife to get a job & save/invest herself. I feel sorry for her.
by racy
Wed Nov 29, 2017 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones trap
Replies: 45
Views: 5645

Re: Edward Jones trap

You might show them what that 1.3% fee will cost them over the next couple of decades. http://buyupside.com/calculators/feesdec07.htm
That single digit fee will balloon!!
by racy
Wed Nov 29, 2017 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Interviewing at a former employer, should I give them my current salary when they ask?
Replies: 94
Views: 6579

Re: Interviewing at a former employer, should I give them my current salary when they ask?

No, especially if you're underpaid now. As a former manager at megacorp, you'll get a lowball offer and your future annual increases will remain based on that. If they insist, then lie ... give them a salary number you'd like!
by racy
Tue Nov 28, 2017 10:50 am
Forum: Personal Consumer Issues
Topic: How Do You Stay Current With Music?
Replies: 111
Views: 5719

Re: How Do You Stay Current With Popular Music?

I like to play guitar along with the artists on Riffstation. It scrolls chords and shows video of artists performing the song. There is a section of "top trending songs" to stay current. https://play.riffstation.com/ I also subscribe to SiriusXM radio. They have channels dedicated to current music, ...
by racy
Tue Nov 28, 2017 10:20 am
Forum: Investing - Theory, News & General
Topic: Is there any reason to invest in real estate?
Replies: 98
Views: 8405

Re: Is there any reason to invest in real estate?

FWI ... half the Lazy Portfolios have a REIT fund, averaging about 10% of the portfolio. https://www.marketwatch.com/lazyportfolio
by racy
Mon Nov 27, 2017 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculation Question
Replies: 19
Views: 1665

Re: Social Security Calculation Question

If you like building spreadsheets, you can construct one for your specific SS situation, here: https://www.thebalance.com/social-secur ... de-2388927
by racy
Sun Nov 26, 2017 8:55 pm
Forum: Investing - Help with Personal Investments
Topic: May reach critical mass soon, how do I protect what I have?
Replies: 26
Views: 3378

Re: May reach critical mass soon, how do I protect what I have?

See page 10 of Vanguard's "Principles for Investing Success" research. https://about.vanguard.com/what-sets-va ... Online.pdf
It indicates you'll need 20 - 40% in stocks for a real return of 3 - 4% (assuming 3% inflation).
by racy
Sun Nov 26, 2017 8:26 pm
Forum: Investing - Theory, News & General
Topic: What did you do right?
Replies: 96
Views: 10029

Re: What did you do right?

Learned to work & show-up every day: did farm chores every morning & evening. Leaned & applied the magic of compound interest. Married someone like-minded about achievement and money. And stayed married. Got a job with a company pension plus a 401k. Achieved work objectives. Got promoted. Paid ourse...
by racy
Wed Nov 22, 2017 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: Advice to become wealthy
Replies: 58
Views: 5725

Re: Advice to become wealthy

Oldsport- I copied this from somewhere, I don't remember. But, I liked it and saved it. racy How To Get Rich 1) Make a lot of money a. Get well educated AND learn a trade/job skills/a profession that pays well. It is much easier to have a high net worth when you have a high income b. Don’t stop lear...
by racy
Wed Nov 22, 2017 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: Slice and Dice
Replies: 40
Views: 3534

Re: 8 Lazy Portfolios

i have seen members list there portfolios some of there are significantly sliced and diced with 7 8 9 different funds ie small cap value small cap blend etc..my question is how much can that really add to a portfolio over what a 3 fund portfolio. I ask because at some point its just not worth manag...
by racy
Wed Nov 22, 2017 5:58 pm
Forum: Personal Consumer Issues
Topic: Making collegebound Kid Financially Savvy Questions..
Replies: 49
Views: 3261

Re: Making collegebound Kid Financially Savvy Questions..

If you re-read your post there's a lot of "I have done this, I gave her this, we have done this for her, etc." It seems like you're doing a lot for her and she's not doing much on her own (yet). Nor does it sound like she's in an environment where she needs to. Does she have financial responsibilit...
by racy
Wed Nov 22, 2017 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Playing the Car Insurance Deductible Game
Replies: 20
Views: 1807

Re: Playing the Car Insurance Deductible Game

I hate paying premiums and always go for high deductibles (never extended warranties!). My State Farm agent used to call me once a year to "review". My first question was, "how are you going to save me money next year?". She quit wanting to review after a couple years.
by racy
Tue Nov 21, 2017 11:35 am
Forum: Personal Finance (Not Investing)
Topic: where should I put my direct deposit?
Replies: 26
Views: 2979

Re: where should I put my direct deposit?

Sounds like you're cutting it too close if you have to keep checking your bank balance, and stressing about it.
I'd cut back the amount of the auto investment to VG. Then, when your checking balance gets "too big", do a manual transfer to VG.
by racy
Sun Nov 19, 2017 9:01 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on my asset allocation?
Replies: 25
Views: 2065

Re: Thoughts on my asset allocation?

They are referencing the work by Eugene Fama and Kenneth French: the 3 Factor Model which showed that small size and value were important components of a stock's value. The Wikipedia: https://www.bogleheads.org/wiki/Fama_an ... ctor_model
by racy
Sun Nov 19, 2017 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: How to take income from IRA?
Replies: 8
Views: 653

How to take income from IRA?

What is the recommended or preferred way(s) to take income from a tax-deferred account? a) take dividends & capital gains from bond funds, or b) take dividends from bond fund & reinvest capital gains, or c) take dividends & capital gains from stock funds, or d) take dividends from stock fund & reinv...
by racy
Thu Nov 16, 2017 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Fair way to split expenses?
Replies: 105
Views: 5439

Re: Fair way to split expenses?

We have a joint account and separate personal accounts (both checking and investment). We agreed on how much personal money each would keep per month, the rest went into joint accounts. The Rule: have to agree on joint spending & investing, but 'no questions asked' about spending from or investing i...
by racy
Tue Nov 14, 2017 11:16 am
Forum: Investing - Help with Personal Investments
Topic: Wife's 401k investment options (high fees!)
Replies: 26
Views: 1516

Re: Wife's 401k investment options (high fees!)

My wife also works at a small firm. She brought up the fact that their 401k had high fees to her boss. About a month later he cancelled the company's plan altogether. No more free money via a company match...
by racy
Mon Nov 13, 2017 10:30 pm
Forum: Investing - Help with Personal Investments
Topic: 3 fund Portfolio vs Multiple funds
Replies: 11
Views: 983

Re: 3 fund Portfolio vs Multiple funds

Also, Lazy Portfolios: https://www.marketwatch.com/lazyportfolio (click the portfolio name to see the Vanguard funds each holds).
by racy
Mon Nov 13, 2017 5:55 pm
Forum: Personal Consumer Issues
Topic: Tipping in living wage state. Redux.
Replies: 118
Views: 7441

Re: Tipping in living wage state. Redux.

I've always tipped between 10 and 15%, whatever rounds up to an even dollar on the tab. However, my DW, thinks 20% is a minimum....
by racy
Mon Nov 06, 2017 10:00 am
Forum: Investing - Theory, News & General
Topic: Dividends make up for high mutual fund fees
Replies: 31
Views: 2313

Re: Dividends make up for high mutual fund fees

Not that he'd look at it, but here is a calculator that shows the impact of annual fees on the overall return of an investment. Here's a quote from the site and the link. "Annual fees are particularly onerous because the dollar amount that you pay increases as the value of your holdings increases. ....
by racy
Sun Nov 05, 2017 5:55 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting with significant other
Replies: 26
Views: 2420

Re: Budgeting with significant other

DW and I celebrated our 40th wedding anniversary last month. We have always had joint money and personal money. The rule is: the other can't say anything about how the other spends personal money. Having done it this way for so long, it's "normal".
by racy
Fri Nov 03, 2017 6:31 am
Forum: Investing - Theory, News & General
Topic: Robert Prechter, Elliott Wave theorist, Fox Business today
Replies: 24
Views: 2063

Re: Robert Prechter, Elliott Wave theorist, Fox Business today

An evaluation and ranking of 68 market forecasters was conducted in May of this year. Spoiler alert! Prechter ranked last! See page 19. https://poseidon01.ssrn.com/delivery.php?ID=166121084101085108013074103064010031037020034052010050028071014127125000076102025101055005123036121059116024104090095113...
by racy
Thu Nov 02, 2017 7:18 pm
Forum: Investing - Theory, News & General
Topic: Robert Prechter, Elliott Wave theorist, Fox Business today
Replies: 24
Views: 2063

Re: Robert Prechter, Elliott Wave theorist, Fox Business today

My thoughts: This thread should be deleted. Anybody can model the past chart of any stock market with enough Fourier terms. Just because you don't know math is no reason to believe that mathematicians are magicians. I suppose though that Fake News is the Law of the Land nowadays. Oh, come on. Join ...
by racy
Wed Nov 01, 2017 4:41 pm
Forum: Investing - Theory, News & General
Topic: Robert Prechter, Elliott Wave theorist, Fox Business today
Replies: 24
Views: 2063

Robert Prechter, Elliott Wave theorist, Fox Business today

Neil Cavuto had Robert Prechter on Fox Business today (yeah, I know, "financial porn"). Anyway, he's predicting a big recession using his Elliott Wave theory. Quoting him, "The market is registering a major peak right now, Prechter said -- which means the economy may be entering a bear market simila...
by racy
Mon Oct 30, 2017 5:38 am
Forum: Personal Finance (Not Investing)
Topic: Request for Promotion letter to Senior Management
Replies: 155
Views: 13727

Re: Request for Promotion letter to Senior Management

1. Don't send the letter; don't ask for promotion.
2. Put a dollar value on your accomplishments; dollars are what really matter.
3. Your statement, "I have been around long enough to recognize incompetent management..." may be showing and contributing to the comfort and fit issue.
by racy
Sat Oct 21, 2017 6:29 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 219
Views: 27131

Re: Does anyone here with net worths north of $1 mil use financial advisors?

Once. The fee-based advisor pointed out the high costs of my wife's 401k. When she mentioned that to her employer he cancelled the 401k plan shortly thereafter. Great....
by racy
Fri Oct 20, 2017 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Best way to make some dollars on a 10 day vacation?
Replies: 57
Views: 5666

Re: Best way to make some dollars on a 10 day vacation?

barnaclebob wrote:
Tue Oct 17, 2017 11:15 am
sign up for medical or psych experiments?
+1 Did this in college. Easy money especially if you get one requiring multiple blood draws! I recall one nurse we nicknamed "Icepick" for her inability to successfully hit a vein.
by racy
Thu Oct 19, 2017 6:02 am
Forum: Investing - Help with Personal Investments
Topic: Question about Personal Capital
Replies: 18
Views: 2021

Re: Question about Personal Capital

I received a couple of calls. Had pleasant conversations. I just let him know that I'm a committed DIYer and not interested in their services. It's probably been 5 months now without a call, so I believe they've stopped.
by racy
Tue Oct 17, 2017 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Social Security - Maximizing a couples benefits
Replies: 35
Views: 3238

Re: Social Security - Maximizing a couples benefits

Op, I suggest you look into survivors benefits closely before making a decision. This can often be a strong decision criteria for planning. SSAnalyzer by Bedrock has been a really useful tool for me to compare approaches. I would pay careful attention to: - cash flow requirements - your age and exp...
by racy
Sun Oct 15, 2017 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: The theory seems irrelevant. How does one execute?
Replies: 23
Views: 2068

Re: The theory seems irrelevant. How does one execute?

Put a chart of the historical growth of the stock market someplace where you'll see it every day. And, imagine where it'll be in 30 years when you're 57!
https://www.bing.com/images/search?q=st ... ORM=HDRSC2
by racy
Sun Oct 15, 2017 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: international funds - brokerage account
Replies: 8
Views: 573

Re: international funds - brokerage account

How about a small cap fund. Here's an opinion from the Boglehead Financial Page blog: https://finpage.blog/2017/07/30/international-small-caps-and-vanguard-funds/ Quoting: "Vanguard manages two funds addressing the International Small-Caps market segment. The Vanguard International Explorer Fund (VI...
by racy
Wed Oct 04, 2017 3:09 pm
Forum: Investing - Theory, News & General
Topic: What counts in calculating portfolio withdrawals?
Replies: 10
Views: 769

What counts in calculating portfolio withdrawals?

When one takes a dividend or capital gain from a stock fund for spending, I know that it counts as a withdrawal from the portfolio. But, I'm a bit confused on bonds. Does taking income from a bond fund count as a withdrawal (i.e. for living w/i the 4% "rule")? And, how about individual bonds or inco...