Search found 2183 matches

by wolf359
Tue Sep 29, 2020 7:02 am
Forum: Investing - Theory, News & General
Topic: What do Bogleheads think of what happen to Japan?
Replies: 64
Views: 4775

Re: What do Bogleheads think of what happen to Japan?

I grew up in Japan and this is just from my observations living there. The average citizen relies on their pension. Healthcare is nationalized and is extremely cheap. Most live in homes that are paid for and are multi-generational. The expectation is that the firstborn son is the caretaker of the p...
by wolf359
Mon Sep 28, 2020 1:34 pm
Forum: Personal Consumer Issues
Topic: What Age Appropriate For STAR WARS?
Replies: 24
Views: 1068

Re: What Age Appropriate For STAR WARS?

I debated this when my kids were little. I was worried about the violence and intensity might be too much at too young of an age. In retrospect, I worried about it too much. It turns out that by the time I showed the movies to my kids (as 3rd and 5th graders), they had already "seen" the whole movie...
by wolf359
Mon Sep 28, 2020 1:22 pm
Forum: Investing - Theory, News & General
Topic: What do Bogleheads think of what happen to Japan?
Replies: 64
Views: 4775

Re: What do Bogleheads think of what happen to Japan?

Their stock market peaked around '91 and has been that or less for the last 30 years. How would Boglheads deal with a similar situation in the US? And what can we learn from JPN? What [expletive removed by admin LadyGeek] did retirees in JPN end up doing? Think about what that means. 30 years ago, ...
by wolf359
Sun Sep 27, 2020 9:51 pm
Forum: Personal Investments
Topic: Seeking guidance on REITs: stay the course or bail?
Replies: 12
Views: 1374

Re: Seeking guidance on REITs: stay the course or bail?

What you lack is a written strategy. The popular strategy at Bogleheads is index investing, in which you buy and hold a low-cost, broadly diversified index. I've incorporated REITS into this strategy by using them as one of my asset classes. REITs are not very popular here, and there is debate about...
by wolf359
Sat Sep 26, 2020 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding Estate Tax
Replies: 39
Views: 3022

Re: Avoiding Estate Tax

Hi, I'm curious as to what some of you may be doing to reduce your estate or avoid estate tax. My parents estate is over the threshold and so they have talked to some qualified people who told them to create an irrevocable trust fund and state in writing that it, and anything a part of it, is not a...
by wolf359
Fri Sep 25, 2020 1:20 pm
Forum: Personal Consumer Issues
Topic: PSA: switch to LED light bulbs and save hundreds per year
Replies: 171
Views: 11649

Re: PSA: switch to LED light bulbs and save hundreds per year

Your eyes get dimmer as you get older. On a cloudy day I need the lights on. I am really noticing this in my late 50s. And of course we age at different rates. That may depend on your vision. I noticed the same thing, and at age 61 I prefer a lot of light. My wife, who is profoundly near sighted an...
by wolf359
Fri Sep 25, 2020 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Large Nest Egg...should I run a deficit to pay a larger mortgage?
Replies: 40
Views: 2923

Re: Large Nest Egg...should I run a deficit to pay a larger mortgage?

OP, Your nest egg (1.4 million) plus your annual income of 110K per year is not big enough to support the purchase of a 900K house. It won't matter what kind of mortgage you are taking. KlangFool +1 The financial picture is worse than this. You may not have considered several key factors: 1) The ne...
by wolf359
Thu Sep 24, 2020 11:42 am
Forum: Investing - Theory, News & General
Topic: I dont understand compound interest.
Replies: 47
Views: 4739

Re: I dont understand compound interest.

I understand the math now and how compound interest accumulates, you mentioned how not all interest compound like gold and real estate that is good to know. I always thought real estate was a good investment but there are a lot of issues with tenants etc. Real estate can compound. The standardized ...
by wolf359
Thu Sep 24, 2020 7:44 am
Forum: Personal Consumer Issues
Topic: Camping Lantern
Replies: 44
Views: 2397

Re: Camping Lantern

I'm sorry I don't have a specific answer to your question, but I can tell you that most of the ones on Amazon will be garbage. We bought small LED lanterns powered by batteries that had 5 stars, that were complete junk. I suggest using a review checker such as fakespot.com and reviewmeta.com to che...
by wolf359
Wed Sep 23, 2020 8:07 am
Forum: Investing - Theory, News & General
Topic: 'Wealth Calculator' in Millionaire Next Door
Replies: 33
Views: 3858

Re: 'Wealth Calculator' in Millionaire Next Door

Just starting reading 'The Millionaire Next Door' and the wealth calculator struck me as stupid: Multiply your age times your realized pretax annual household income for all sources except inheritances. Divide by ten. This, less any inherited wealth, is what your net worth should be. Running the nu...
by wolf359
Wed Sep 23, 2020 7:51 am
Forum: Investing - Theory, News & General
Topic: I dont understand compound interest.
Replies: 47
Views: 4739

Re: I dont understand compound interest.

Hello my first time posting sorry if I post in the wrong thread it looked like this one was for general questions. For some reason Im not understanding compound interest. Im reading the book bogleheads guide for investing first edition and it gives a couple examples. One is At age 25 Eric invest 40...
by wolf359
Tue Sep 22, 2020 8:58 am
Forum: Personal Investments
Topic: Buying bonds in taxable not good idea?
Replies: 6
Views: 537

Re: Buying bonds in taxable not good idea?

As others have pointed out, bond interest is taxed as ordinary income in the year that it was earned. However, you are facing two additional factors: 1) We're in a low interest rate environment in which the Fed has committed to keeping rates low for a long time. 2) You have actually retired (or will...
by wolf359
Mon Sep 21, 2020 10:54 am
Forum: Investing - Theory, News & General
Topic: Is anyone waiting until after the election?
Replies: 165
Views: 15013

Re: Is anyone waiting until after the election?

I know, I know: Time in the market, not timing the market. BUT: I have some new cash (about 6% of total portfolio) and I'm curious whether anyone else is waiting until after the US election in 45 days? Did you wait in 2016? What was the result? In 2016, Clinton was ahead in the polls and was expect...
by wolf359
Mon Sep 21, 2020 10:34 am
Forum: Personal Consumer Issues
Topic: Worst financial decision that you were able to turn around and make it into a positive?
Replies: 14
Views: 1977

Re: Worst financial decision that you were able to turn around and make it into a positive?

My worst financial decision was buying too much house when I was single and just starting out. My timing was horrible as well -- the real estate market collapsed about a year or two after the purchase and stayed down for ten years (so I was underwater in equity.) Combined with buying a new car with ...
by wolf359
Tue Sep 15, 2020 6:55 am
Forum: Personal Consumer Issues
Topic: PSA: switch to LED light bulbs and save hundreds per year
Replies: 171
Views: 11649

Re: PSA: switch to LED light bulbs and save hundreds per year

I noticed that when I changed a room from soft white to daylight, there was a greater tendency for people to forget to turn the lights off Similar color temperature notwithstanding, if there is enough daylight in the room the lights go unnoticed, why turn them in the first place? We turn on the lig...
by wolf359
Mon Sep 14, 2020 2:30 pm
Forum: Personal Consumer Issues
Topic: PSA: switch to LED light bulbs and save hundreds per year
Replies: 171
Views: 11649

Re: PSA: switch to LED light bulbs and save hundreds per year

I really like my LED bulbs. I replaced most of my frequently used can lights with them 8-9 years ago, and they’ve been great. I really do like a lot of light. So I tend to leave them on a lot of the time.... my father would cringe..... but they are so cheap to run. My favorite thing about them, is ...
by wolf359
Mon Sep 14, 2020 1:40 pm
Forum: Investing - Theory, News & General
Topic: "The Cash Panickers"
Replies: 35
Views: 6061

Re: "The Cash Panickers"

David Swensen, Yale University CIO, recommends 15% of a portfolio to Treasuries and 15% to bonds. Not sure why Vanguard never went the Treasury route with the Target and Life-Strategy funds. Total Bond Market is currently 42% treasuries and 20% government backed mortgages. It's already roughly 60/4...
by wolf359
Thu Sep 10, 2020 9:16 am
Forum: Investing - Theory, News & General
Topic: Don't Think Like A Lizard!
Replies: 23
Views: 3459

Re: Don't Think Like A Lizard!

Hot take: selling at -30% in March wasn't so irrational. There was a non-negligible chance it would have gotten much worse. Those who sold pursued a strategy that ended with a bad outcome this time, but that doesn't mean it will every time. Note: I am not suggesting that trend following panic selli...
by wolf359
Wed Sep 09, 2020 9:34 am
Forum: Investing - Theory, News & General
Topic: Well, it's October again - time to take profits?
Replies: 46
Views: 4595

Re: Well, it's October again - time to take profits?

Geez, the OP obviously meant that October is approaching again, but didn't word it that way. If you believe in seasonality, then the time to take profits is BEFORE the anticipated crash, not after. Let it go already, and focus on the issue that market timing in this way isn't a very good strategy. Y...
by wolf359
Tue Sep 08, 2020 10:50 am
Forum: Investing - Theory, News & General
Topic: Well, it's October again - time to take profits?
Replies: 46
Views: 4595

Re: Well, it's October again - time to take profits?

If there was a predictable pattern to stock market crashes, and enough people took appropriate countermeasures, then either the crash would occur early or not at all, making the prediction inaccurate. You're mixing up the October seasonal timing effect and the election year effect. The election occu...
by wolf359
Thu Aug 27, 2020 1:21 pm
Forum: Personal Investments
Topic: When can we retire?
Replies: 21
Views: 2155

Re: Can we retire?

You're financially independent, but I would not suggest retiring. Some adjustments I'd suggest: 1. After retiring, it does not make sense to contribute to a 529. All you're doing is generating a taxable event (by selling assets) in order to move them into a somewhat tax favored account. You're just ...
by wolf359
Tue Aug 25, 2020 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Are emergency funds for suckers?
Replies: 202
Views: 15754

Re: Are emergency funds for suckers?

Nope, I think it's the other way around. Suckers don't have emergency funds. But hey, the average American is broke, in debt up to their eyeballs with no savings. The recent economic shock showed that anyone can be effected and need an emergency fund and without significant govt action there would ...
by wolf359
Sun Aug 16, 2020 9:26 am
Forum: Investing - Theory, News & General
Topic: The 0.5% Rule (SWR) [Safe Withdrawal Rate]
Replies: 419
Views: 24320

Re: The 0.5% Rule (SWR)

What's the point? Why even plan if that ends up being the result? It's as ludicrous as Suzy Orman saying you need 6$million to retire. Seriously if you get below 3% then people are just gonna blow it off, spend it all on cruises, claim SS early and hope for the best, move back in with the kids, [po...
by wolf359
Thu Aug 06, 2020 7:31 pm
Forum: Investing - Theory, News & General
Topic: Should I abandon the Total International Stock Index Fund for greener pastures?
Replies: 142
Views: 16774

Re: Should I abandon the Total International Stock Index Fund for greener pastures?

Silverado wrote: Thu Aug 06, 2020 7:27 pm
bck63 wrote: Thu Aug 06, 2020 7:21 pm Absolutely. Get rid of it. And wipe the dust off your feet as you leave.
Are you just baiting us to see who can read dates?
The dust was because the thread was lying there undisturbed for almost a year.
by wolf359
Wed Aug 05, 2020 12:04 pm
Forum: Investing - Theory, News & General
Topic: Anyone else hoarding cash right now?
Replies: 201
Views: 21509

Re: Anyone else hoarding cash right now?

I stopped investing in my taxable back in March and can't bring myself to start again. I'm still investing automatically in my 401k. I'm just holding onto my cash in case of a worst case scenario if society collapses and I need liquid funds. I don't mean the case where you'd have to live in a bunke...
by wolf359
Wed Aug 05, 2020 12:01 pm
Forum: Investing - Theory, News & General
Topic: Anyone else hoarding cash right now?
Replies: 201
Views: 21509

Re: Anyone else hoarding cash right now?

I have 2 years of expenses in cash. I bought some gold and silver. I would invest the rest until I reach my number. Then, I may buy more gold and silver. KlangFool I never understand why people think gold is valuable if society collapses. It's not like you can eat it. egrets, Why do you assume that...
by wolf359
Wed Jul 22, 2020 12:32 pm
Forum: Investing - Theory, News & General
Topic: Insiders Who Nailed Market Bottom Are Starting to Sell Stocks
Replies: 33
Views: 4995

Re: Insiders Who Nailed Market Bottom Are Starting to Sell Stocks

Actionable step in all this: When this type of article shows up, the market is usually near a high. That means it's a good time to re-assess your asset allocation and to adjust it. If you de-risk at this point, you'd be selling stocks at a profit rather than locking in losses. How'd you feel when it...
by wolf359
Sun Jul 19, 2020 10:08 am
Forum: Personal Investments
Topic: Learned I want more conservative AA - should I rebalance or gradually glide?
Replies: 11
Views: 903

Re: Learned I want more conservative AA - should I rebalance or gradually glide?

If the market is up and you're at 75/25 when you want to be at 70/30, then you're at a rebalancing point anyways. There's no problem with switching down to 60/40 all at once instead. It's switching to a more conservative asset allocation in the middle of a crash that kills returns. Right now you're ...
by wolf359
Thu Jul 16, 2020 12:29 pm
Forum: Personal Investments
Topic: Moderna
Replies: 45
Views: 4995

Re: MODERNA

Buying individual stocks are easy. Selling them is the hard part. +1 Back when I bought individual stocks, I found that I had a knack for picking excellent stocks. My problem was that I had no sell strategy. I'd buy and the stock would soar. I'd hold on and it would soar more. Then it would collaps...
by wolf359
Thu Jul 16, 2020 11:29 am
Forum: Investing - Theory, News & General
Topic: 4% rule - confidence poll
Replies: 457
Views: 26953

Re: 4% rule - confidence poll

This question indicates you don't understand the 4% rule. It's a planning number, not a withdrawing strategy. to strategize and plan are essentially one and the same thing... I do understand the rule very well btw. This isn't about my confidence level with it, it is about those who still are confid...
by wolf359
Thu Jul 16, 2020 11:05 am
Forum: Personal Consumer Issues
Topic: Oddly Difficult to Find Items During the Pandemic
Replies: 278
Views: 24344

Re: Oddly Difficult to Find Items During the Pandemic

Bosch dishwasher Really Most appliances, particularly brand names. It has to do with manufacturers having to shut down, then retool for social distancing (with lower production rates) and backlogs of the raw materials, while dealing with backlogs of orders placed during the shut down. If it was an ...
by wolf359
Thu Jul 16, 2020 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security: is the wisdom still relevant
Replies: 190
Views: 13432

Re: Delaying SSi: is the wisdom still relevant

I think it is safe to say that if changes are made, it will be for future generations, not for current or soon-to-be retirees. Look at the current FRA age increases as an example: It affected those born in 1955 (turning 62 in 2017) and the change was implemented in 1983 when said individual was Age...
by wolf359
Wed Jul 01, 2020 3:53 pm
Forum: Personal Investments
Topic: How do I fund FIRE?
Replies: 18
Views: 2530

Re: How do I fund FIRE?

I’m curious how one gets $1m in both a Roth IRA and a Traditional IRA, but I guess it could somehow happen. Historically, it probably wouldn't happen. Retiring at 40 implies about 20 years of accumulation. The Roth IRA contribution limits are around $6,000 currently, but in 2000 it was $2,000. Even...
by wolf359
Tue Jun 23, 2020 7:49 am
Forum: Personal Investments
Topic: Is there anything similar to the Trinity Study for Real Estate?
Replies: 18
Views: 1181

Re: Is there anything similar to the Trinity Study for Real Estate?

DW and I have a fair amount of rental real estate in retirement. A year or two ago I estimate that it was about equal in value to our stock and bond portfolio, although recently stocks have zoomed ahead until they are closer to 60% of the total. The real question is are there any studies on a SWR f...
by wolf359
Tue Jun 16, 2020 7:24 am
Forum: Personal Consumer Issues
Topic: Flexing your frugality - are 0% loans to friends wrong?
Replies: 54
Views: 3361

Re: Flexing your frugality - are 0% loans to friends wrong?

Is it the consensus that the Smiths are the anti-Jones? I'm proud of my frugality and live it outwardly, but not to boast or rub anyone's face in it. I'm also happy for them when people do nice things for themselves. But I never have the "come look at my new ____" chat with anyone. I suppose it's b...
by wolf359
Tue Jun 16, 2020 7:03 am
Forum: Personal Finance (Not Investing)
Topic: Amended return hasn't been processed in ~2 months.
Replies: 27
Views: 1839

Re: Amended return hasn't been processed in ~2 months.

It appears that the IRS has a large backlog of unprocessed paper filings due to the COVID shutdowns. I expect the backlog to be reduced over the next couple months as IRS personnel return to their offices. I am in the same situation (2019 1040X filed early April, refund not received) and so are oth...
by wolf359
Mon Jun 15, 2020 10:21 am
Forum: Investing - Theory, News & General
Topic: Sequence of return risk -- when is it most dangerous?
Replies: 34
Views: 1509

Re: Sequence of return risk -- when is it most dangerous?

It is often stated that sequence of return risk is greatest at the beginning of retirement. I am not sure. Why is is a bigger risk at day zero than it is 5 years into retirement? Even if there is something special about day zero, it seems to me that every day of retirement is day zero for the rest ...
by wolf359
Fri Jun 12, 2020 11:39 am
Forum: Personal Investments
Topic: Is it bad to be a "day trader"?
Replies: 51
Views: 3079

Re: Is it bad to be a "day trader"?

Frequent trading increases the costs for the mutual funds and the 401-k plans. Many of them have rules that prevent "excessive trading." Source: https://money.com/how-to-get-in-trouble-in-your-401k/ Read your plan documents for their excessive trading policy. Also read the prospectus of the mutual f...
by wolf359
Thu Jun 11, 2020 10:24 pm
Forum: Investing - Theory, News & General
Topic: Do Any Bogleheads Consider Themselves Bears?
Replies: 51
Views: 2600

Re: Do Any Bogleheads Consider Themselves Bears?

After reading Jack Bogle's writings and subscribing to many of his views, I feel that I must identify as a stock-market "bull." The market goes up more than it goes down, et cetera. I wonder, though, if any Bogleheads consider themselves stock-market bears. Buying and holding index funds while feel...
by wolf359
Wed Jun 10, 2020 7:35 am
Forum: Personal Finance (Not Investing)
Topic: So Are Home Renovations Worth It (Financially) Or Not?
Replies: 105
Views: 7633

Re: So Are Home Renovations Worth It (Financially) Or Not?

If I'm not mistaken, it's normally said that home renovations don't increase the value of a home at more than the amount of money put into it. Maybe there are some rare exceptions? But you watch HGTV and every house renovated on every episode of every show, shows the appraised value at higher than ...
by wolf359
Wed Jun 10, 2020 7:25 am
Forum: Personal Finance (Not Investing)
Topic: So Are Home Renovations Worth It (Financially) Or Not?
Replies: 105
Views: 7633

Re: So Are Home Renovations Worth It (Financially) Or Not?

A home purchased for you to live in is a housing expense. You did not use strictly financial considerations when buying it. You used emotional considerations, such as whether or not you liked the look, whether a particular feature was present, it's location, neighborhood, amenities, and many other f...
by wolf359
Sun Jun 07, 2020 6:54 pm
Forum: Personal Investments
Topic: Vanguard vs. Fidelity
Replies: 123
Views: 9675

Re: Vanguard vs. Fidelity

I have about $30K invested in my IRA (total stock market) in Vanguard. My husband has about $33K invested in his IRA (S&P) with Fidelity. I'm struggling with whether I should stay with Vanguard or switch to Fidelity since I am a smaller investor (at least right now) and read that Fidelity is better...
by wolf359
Sun Jun 07, 2020 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Should I keep my $1 million life insurance policy after age 65?
Replies: 65
Views: 5101

Re: Should I keep my $1 million life insurance policy after age 65?

Twenty years ago I bought a $1 million, 20-year-term life insurance policy for income protection. I was the primary wage earner, at age 45, and my wife was full time Mom to our two toddlers. Now the 20 year term is up, I have the option of keeping the policy but the premium will quadruple from $1,6...
by wolf359
Wed Jun 03, 2020 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: What is your homeowner's insurance deductible? Any recommended endorsements/riders?
Replies: 19
Views: 1523

Re: What is your homeowner's insurance deductible? Any recommended endorsements/riders?

My deductible for Homeowners is 1% of house coverage(2,870 ded) and auto is 1000 ded on comp and collision. I pay 260 per 6 months on a 2019 Highlander and 520 per year on my home. I don't ask how well they pay claims because I never have any of those. Until last year, I had not claimed on my Homeo...
by wolf359
Wed Jun 03, 2020 9:06 am
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 34672

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used

The real fallacy is that mental accounting has no value. As Dave Ramsey has shown, psychology can play an enormous role in success. We also see it with the persistence of bucket strategies. For some people, it isn't going to boil down to lump sum or DCA. It might be DCA or continue sitting on the s...
by wolf359
Tue May 26, 2020 11:02 pm
Forum: Investing - Theory, News & General
Topic: How to avoid tinkering?
Replies: 40
Views: 2214

Re: How to avoid tinkering?

Automate your investments so that you don't have to make any decisions or take any actions to buy. Your only decision at most is once a year, when you rebalance. When you pick an investment strategy, designate a timeframe for that strategy. For example, asset allocation strategies should be a minimu...
by wolf359
Tue May 26, 2020 10:50 pm
Forum: Investing - Theory, News & General
Topic: Anyone screwed up timing the market?
Replies: 94
Views: 8848

Re: Anyone screwed up timing the market?

This coronavirus pandemic is a classic example of the difficulty of timing the market. A number of people saw the obvious in January and February. The drumbeat of constant news regarding China, and it was getting more and more obvious that it was going to eventually impact the US and the rest of the...
by wolf359
Sat May 23, 2020 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Approaching 40, worried about financial future
Replies: 121
Views: 12782

Re: Approaching 40, worried about financial future

Thanks everyone for your responses. To clarify, we are married. 'traditional' family structure. I was not precise enough in that wording. Kids are 9, 11 and 14. Sensitive topic as to her working. The house we are selling (but still own) is valued at 400k. The house we have bought and where we now l...
by wolf359
Mon May 18, 2020 9:41 am
Forum: Personal Investments
Topic: Why no love for REITs?
Replies: 109
Views: 11211

Re: Why no love for REITs?

My home is now 34% of my net worth (with the recent drop in equities). My portfolio is already weighted too heavily in real estate, so I would not invest in REITs. I live in a modest condo in a HCOL area, and it is not possible to downsize. REITs and home ownership are not equivalent. While your ho...
by wolf359
Thu May 14, 2020 7:33 am
Forum: Personal Investments
Topic: Why no love for REITs?
Replies: 109
Views: 11211

Re: Why no love for REITs?

My home is now 34% of my net worth (with the recent drop in equities). My portfolio is already weighted too heavily in real estate, so I would not invest in REITs. I live in a modest condo in a HCOL area, and it is not possible to downsize. REITs and home ownership are not equivalent. While your ho...