Search found 2712 matches

by RadAudit
Sun Feb 18, 2018 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: What has been your most important skill in achieving financial independence?
Replies: 154
Views: 8776

Re: What has been your most important skill in achieving financial independence?

Consumerism is a pretty tough thing to pull away from for long. It is? How many cars can you drive at the same time? How many pairs of shoes can you wear at the same time? How much stuff do you need? If you live in a three bedroom home and have to rent a storage unit or two to house additional hous...
by RadAudit
Sun Feb 18, 2018 10:04 am
Forum: Personal Finance (Not Investing)
Topic: What has been your most important skill in achieving financial independence?
Replies: 154
Views: 8776

Re: What has been your most important skill in achieving financial independence?

For me, the aha moment was understanding the time value of money calculations. Not just being able to plug and chug, but thoroughly understanding them to the point where they are intuitive and factor into all financial decisions you make. Do you mind explaining what you mean by this a bit more? I'm...
by RadAudit
Sat Feb 17, 2018 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: What has been your most important skill in achieving financial independence?
Replies: 154
Views: 8776

Re: What has been your most important skill in achieving financial independence?

Probably the most important skill in achieving FI is wanting to be FI. Here's a summary of a book (by the author) I wish I had read 50 years ago. (It's been updated) Don't know if it'll work for you; but, it's an approach. https://vickirobin.com/books/summary-of-your-money-or-your-life/ Here's a lin...
by RadAudit
Sat Feb 17, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Monthly Stipends (Now) to Future Heirs?
Replies: 10
Views: 1467

Re: Monthly Stipends (Now) to Future Heirs?

I'm no where near to being in your league; but, Here's what I do. If I have something left over after at the end of the year from my ~3% WR, I give it to the kids as a Christmas present. (Cuts out walking around the mall looking for gifts). Of course, I tell them that it is a one time only distribut...
by RadAudit
Fri Feb 16, 2018 8:54 am
Forum: Personal Consumer Issues
Topic: World Travelers: What's the local economy look like?
Replies: 10
Views: 1009

Re: World Travelers: What's the local economy look like?

We recently returned from Panama City - on the way to the airport I saw eight high-rise cranes in one small section of the city. Go take a look at Colon. Different story. Apparently, Panama is directing investment to Panama City not Colon. Reportedly it shows. My guess is that in a number of areas,...
by RadAudit
Thu Feb 15, 2018 8:28 am
Forum: Investing - Theory, News & General
Topic: How many of you use the "4% rule" during retirement?
Replies: 56
Views: 6503

Re: How many of you use the "4% rule" during retirement?

But does anyone actually do something like this on an ongoing basis during retirement? OK. I'll volunteer to be the odd man out on this one. I just started my RMDs last year. And I started the year planning a WR of 3%. Life intervened. And I went up to 3.9% for 2017. I'm starting this year and I'm ...
by RadAudit
Fri Feb 09, 2018 8:38 pm
Forum: Investing - Theory, News & General
Topic: Is this a bad time to re-balance?
Replies: 4
Views: 421

Re: Is this a bad time to re-balance?

Not much to go on from your post. However, people rebalance in a number of ways. I am not aware of the one absolutely correct way to do it.

Adjusting future contributions will work as you move toward the AA recorded in your IPS.
by RadAudit
Fri Feb 09, 2018 10:27 am
Forum: Investing - Theory, News & General
Topic: "The stock market is officially in a correction... here's what usually happens next"
Replies: 83
Views: 13134

Re: "The stock market is officially in a correction... here's what usually happens next"

You know, I see the correction happening, and I am marveling at how my 'psychological' reaction has changed, as a result of finding this site three years ago. Seriously, it is night and day. I think having this forum is very, very helpful in controlling the behavioral aspect of investing. +1 It's a...
by RadAudit
Mon Feb 05, 2018 5:19 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2845
Views: 893586

Re: What Book Are You Currently Reading? Part VI

"A Splendid Exchange ..." by Bernstein. Interesting recounting of how trade helped shape the world as we now know it. From before the pepper trade in Roman times through to the present, there are a number of informative insights about individuals and corporations who impacted situations that still l...
by RadAudit
Sun Feb 04, 2018 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: New investor with windfall
Replies: 4
Views: 667

Re: New investor with windfall

Welcome to the forum.

Stay the course.
by RadAudit
Sat Feb 03, 2018 8:19 pm
Forum: Personal Consumer Issues
Topic: Cheapest funeral options
Replies: 40
Views: 3015

Re: Cheapest funeral options

A friend of mine, who works as a funeral director, use to joke that for $250 two men would come and, if you didn't ask any questions, they'd dispose of the body.

However, I think cremation is one of the low cost options now.
by RadAudit
Wed Jan 31, 2018 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: What should my Asset Allocation be, Stocks vs. Bonds?
Replies: 14
Views: 965

Re: What should my Asset Allocation be, Stocks vs. Bonds?

Why do you ask? If you are OK for the rest of your life with 100% in bonds, that's a pretty good place to be. Wm. Bernstein raised the question - if you've won the game, why are you still playing the game? It might be a question you might want to think about. Or, more to the point, how'd you feel if...
by RadAudit
Tue Jan 30, 2018 12:36 pm
Forum: Personal Consumer Issues
Topic: "I Volunteered for the Hospital Board and was Sued for Millions."
Replies: 44
Views: 10314

Re: "I Volunteered for the Hospital Board and was Sued for Millions."

Thanks for the reminder.

My DW opted out of a community pool board when I pointed out that our umbrella insurance policy didn't cover us if someone sued the pool and her.
by RadAudit
Mon Jan 29, 2018 10:16 am
Forum: Personal Finance (Not Investing)
Topic: How to know if you really have enough for the future
Replies: 10
Views: 1545

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

Welcome to the forum.

You can plan - and you should. You've already received a number of very good recommendations. The biggest problem is you can never know for sure. You're going to have to learn to live with that.

Best of luck.
by RadAudit
Sat Jan 27, 2018 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: How do you decide how wealthy you really are?
Replies: 58
Views: 7922

Re: How do you decide how wealthy you really are?

If you have to figure out if you are wealthy, you aren't.
by RadAudit
Fri Jan 26, 2018 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Leaving Edward Jones...Why is Vanguard and Fidelity Always the Recommendation?
Replies: 24
Views: 2544

Re: Leaving Edward Jones...Why is Vanguard and Fidelity Always the Recommendation?

Welcome to the forum.

Don't know for sure. But, if I had to guess -

1. Low fees / expenses.
2. Those making the recommendations already have experience with Vanguard, Fidelity, etc.
3. They don't trade all that much so the need for brokers is lower.
by RadAudit
Thu Jan 25, 2018 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: Invest or wait?
Replies: 21
Views: 2269

Re: Invest or wait?

The answer to the question lies in selecting an asset allocation that fits your need, willingness and ability to accept the risk of a market correction in equities, and allows you to meet your goals in a timely manner.
by RadAudit
Wed Jan 24, 2018 10:13 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Persistence Remains Elusive
Replies: 5
Views: 998

Re: Larry Swedroe: Persistence Remains Elusive

Thanks for the post.

Good to see the same old story, again - the only persistence in performance in actively managed funds is the lack of persistence of performance, except for possibly poor performance.
by RadAudit
Wed Jan 24, 2018 6:36 pm
Forum: Personal Consumer Issues
Topic: Which tropical Island to Retire to ?
Replies: 61
Views: 5119

Re: Which tropical Island to Retire to ?

Choose carefully. Just returned from a Caribbean cruise. You may wish to think long and hard about all the disadvantages of being the richest guy in town. I'd suggest someplace with a large ex-pat community of US citizens, decent medical care, and easy access to an airport with international flight...
by RadAudit
Tue Jan 23, 2018 11:44 am
Forum: Personal Consumer Issues
Topic: Which tropical Island to Retire to ?
Replies: 61
Views: 5119

Re: Which tropical Island to Retire to ?

Choose carefully.

Just returned from a Caribbean cruise. You may wish to think long and hard about all the disadvantages of being the richest guy in town. I'd suggest someplace with a large ex-pat community of US citizens, decent medical care, and easy access to an airport with international flights.
by RadAudit
Mon Jan 22, 2018 1:07 pm
Forum: Personal Consumer Issues
Topic: what is the best mouse poison?
Replies: 45
Views: 2733

Re: what is the best mouse poison?

My contractor said he made a mint when a customer used poison to kill a mouse - and it died in the walls.

Best of luck.
by RadAudit
Wed Jan 17, 2018 5:57 pm
Forum: Personal Consumer Issues
Topic: How to overcome the fear of spending money? (Buying a car)
Replies: 55
Views: 3840

Re: How to overcome the fear of spending money? (Buying a car)

Come to a belief that there are only three things you can do with money - you can spend it, the government can spend it or your heirs can spend it. You get to choose. If you are on track to meet your goals in an acceptable time frame and this expenditure would add to the over all quality of your lif...
by RadAudit
Wed Jan 17, 2018 5:35 pm
Forum: Investing - Theory, News & General
Topic: Amazing how much your IPS can de-stress your life
Replies: 29
Views: 4065

Re: Amazing how much your IPS can de-stress your life

OP, I am happy for you. Truly, I am. Hope it works out. I've read books., run the numbers, checked the numbers against rules of thumb, developed an AA, set a SWR and wrote an IPS. Still worry. Some of us are just plain old worriers with no good reason. But you may be right. I probably worry less now...
by RadAudit
Wed Jan 17, 2018 11:46 am
Forum: Investing - Theory, News & General
Topic: A 4% move in the Dow and S&P in 12 days? Seems odd
Replies: 94
Views: 7674

Re: A 4% move in the Dow and S&P in 12 days? Seems odd

Behaviors? Just before one crash ago, there was a lot of talk about and news articles on getting rich on day trading. Also news articles on people going off the deep end and shooting anything that moved in a day trading parlor. I don't expect a recurrence of that, this time. Before that, people were...
by RadAudit
Tue Jan 16, 2018 10:27 am
Forum: Investing - Theory, News & General
Topic: “Future US Equity Returns: A Best-Case Upper Limit”
Replies: 20
Views: 1721

Re: “Future US Equity Returns: A Best-Case Upper Limit”

Interesting article. Thanks for the post.

On a personal note, it is humbling to realize that I am responsible for so much of my retirement portfolio and know so little when compared to this guy. On the upside, some financial advisors know may know less and charge more.
by RadAudit
Thu Jan 11, 2018 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: Help me stop my addiction to stock market peeping!
Replies: 66
Views: 4622

Re: Help me stop my addiction to stock market peeping!

I use to have this problem. It'll go away after awhile.

If your AA is right for you and you are a BHer, go cold turkey. I recommend a long cruise with unsecured internet service. You won't want to look.
by RadAudit
Thu Jan 11, 2018 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: How many years of fixed income for Sequence of Return Risk
Replies: 26
Views: 2051

Re: How many years of fixed income for Sequence of Return Risk

Many different opinions on this one. The Trinity Study - or one of its offshoots - has some beautiful tables on SWRs, asset allocations and probability of success. One follow up had a set of tables with the same thing and a target if you wanted to estimate how much money you wanted to leave your hei...
by RadAudit
Thu Jan 11, 2018 12:54 pm
Forum: Personal Consumer Issues
Topic: Trying to downsize but still too much stuff
Replies: 59
Views: 5872

Re: Trying to downsize but still too much stuff

Good advice, so far.

I've always heard that two moves was as good as a fire for downsizing. Seems a little extreme. Best of luck.
by RadAudit
Fri Jan 05, 2018 9:40 am
Forum: Investing - Theory, News & General
Topic: How Many Stocks Are Really Needed in Index Funds?
Replies: 52
Views: 3170

Re: How Many Stocks Are Really Needed in Index Funds?

But for the average investor, does it matter how closely you track it? Tracking error is a real concern to a number of folks. The lower the tracking error the better, even for us very small investors. My concern is that if I'm making projections for the amount of money I'm going to need to live on ...
by RadAudit
Thu Jan 04, 2018 6:21 pm
Forum: Investing - Theory, News & General
Topic: How Many Stocks Are Really Needed in Index Funds?
Replies: 52
Views: 3170

Re: How Many Stocks Are Really Needed in Index Funds?

The short answer is you need enough stocks to track the index very closely. As I recall from years ago, the S&P 500 accounted for 80% of the total market. The other 3000 stocks got the next 20%. Don't know if those numbers still hold from when the total market had more than 5000 stocks. My other gue...
by RadAudit
Thu Jan 04, 2018 10:11 am
Forum: Investing - Help with Personal Investments
Topic: What strategy do you use to reduce sequence of returns risk in retirement?
Replies: 117
Views: 7733

Re: What strategy do you use to reduce sequence of returns risk in retirement?

OP, thank you for starting this thread. There is no optimal withdrawal strategies. Somehow, oddly enough, that makes it all a lot clearer. My strategy for reducing sequence of returns risk has been to make sure, as best I can that our "normal" day-to-day expenses are met by something resembling "gua...
by RadAudit
Wed Jan 03, 2018 9:35 am
Forum: Investing - Help with Personal Investments
Topic: Age In Bonds after 65 with 25X, 35X, 50X ??? Your Approach?
Replies: 35
Views: 2960

Re: Age In Bonds after 65 with 25X, 35X, 50X ??? Your Approach?

I'm going on 71 and I'm retired. I'm at 50 /50. One of the numbers I keep an eye on is number of years in residual living expenses (RLE) (Bernstein?) in bonds. Right now, that number is about 20 years. After that, the heirs are on their own. As for 50 / 50, after this bull run, I'm concerned that on...
by RadAudit
Tue Jan 02, 2018 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: New investor: confused by questions
Replies: 5
Views: 446

Re: New investor: confused by questions

Hi, I am a new investor and aspiring boglehead. I know the basic mechanics of stocks and other investment vehicles. In digging around the boglehead community, I came across the 3 fund approach to investing which made a lot of sense. I am also currently reading the Bogleheads Guide to investing. Giv...
by RadAudit
Mon Jan 01, 2018 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: Target Fund (Roth) - Anti-Bogle?
Replies: 10
Views: 971

Re: TARGET FUND (ROTH) - Anti-Bogle?

Are Target Funds by their very nature anti-Bogle? No. Target funds use low cost (relatively) broad based index funds. They are designed to be held for the long term. Very Bogle-ish IMO. You have an interesting definition of high expense ratio. I thought high was closer to somewhere around 1% - if n...
by RadAudit
Sun Dec 31, 2017 12:23 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Total Bond Index avoiding Very Long Bonds?
Replies: 14
Views: 1635

Re: Vanguard Total Bond Index avoiding Very Long Bonds?

Another possible explanation is that Total Bond is suppose to be / act like an intermediate bond fund.
by RadAudit
Sun Dec 31, 2017 9:30 am
Forum: Investing - Help with Personal Investments
Topic: What do you consider wealthy?
Replies: 28
Views: 2601

Re: What do you consider wealthy?

Ron wrote:
Sun Dec 31, 2017 9:23 am
Somebody with a dollar more than I have :wink: ...

- Ron
That was the consensus of opinion around the office where I use to be employed.
by RadAudit
Sat Dec 30, 2017 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: End of the year thinking about the value of work
Replies: 5
Views: 670

Re: End of the year thinking about the value of work

However, this outsized investment return is still smaller than our combined two year gross income. One thought - You're getting paid too much? :wink: I just finished up balancing the books on my portfolio for 2017. After all is said and done - income and outgoes - I think my portfolio will have inc...
by RadAudit
Fri Dec 29, 2017 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: When to sell current mutual funds and transition to three fund?
Replies: 6
Views: 560

Re: When to sell current mutual funds and transition to three fund?

When does one pull the trigger? If they're in tax advantaged accounts, exchange them for the 3 funds any time within those funds with no tax or market timing consequences. The funds are in a rollover IRA Well, in that case and assuming you have the AA you want all figured out, now would be a good t...
by RadAudit
Thu Dec 28, 2017 8:53 pm
Forum: Investing - Theory, News & General
Topic: The Growing Peril of Index Funds: Too Much Tech
Replies: 67
Views: 5894

Re: The Growing Peril of Index Funds: Too Much Tech

The argument against indexing seems to be that since indexes are market-cap-weighted, they cause you to buy high and sell low You don't sell. it's impossible to rebalance when a particular sector or company outperforms the rest of the market. It's also extremely difficult to know consistently and i...
by RadAudit
Thu Dec 28, 2017 6:49 pm
Forum: Investing - Help with Personal Investments
Topic: Investing at Age of 78
Replies: 7
Views: 1300

Re: Investing at Age of 78

lipets wrote:
Thu Dec 28, 2017 3:23 pm
so what 4 are you currently in?
Me?

Total Stock, Total Bond, Total International Stock, Total International Bond. Portfolio AA 50 / 50. Stocks 60 / 40. Bonds, essentially, 70 / 30. Fairly simple.
by RadAudit
Thu Dec 28, 2017 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Investing at Age of 78
Replies: 7
Views: 1300

Re: Investing at Age of 78

I am looking for a portfolio that my wife can manage when I am deceased at least initially. Also one of my concerns. That's why I am thinking about either converting to one of the two funds noted below or leaving instructions for the DW to do the same. Have you considered the Target Retirement Inco...
by RadAudit
Wed Dec 27, 2017 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: Is it me or does everything seem expensive?
Replies: 47
Views: 5353

Re: Is it me or does everything seem expensive?

Dad, who was raised during the Depression, had a saying - "that nickel Coke will be the death of me yet." Everything was expensive to him.
by RadAudit
Wed Dec 27, 2017 3:12 pm
Forum: Personal Consumer Issues
Topic: European Cities that don't interest you
Replies: 187
Views: 12095

Re: European Cities that don't interest you

The thing I liked about London some 44 years ago was the British Museum. With the Elgin marbles and the Egyptian mummies, you could avoid going to Athens and Egypt to see those sights and save money, too. Don't know if they've given them back, yet. They also had some Greek pottery straight out of yo...
by RadAudit
Wed Dec 27, 2017 9:16 am
Forum: Personal Consumer Issues
Topic: The car dealership model needs to die
Replies: 85
Views: 4681

Re: The car dealership model needs to die

Just a matter of time before Amazon attacks this marketplace also. The dealerships have a lot of political clout. So while it feels like that should happen soon, maybe not. +1 on the timeline. I'm trying to remember the outcome on the cat fight between Tesla (?) and the car dealerships. Tesla (?) w...
by RadAudit
Tue Dec 26, 2017 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: how to "know" what asset allocation is right? (crypto windfall)
Replies: 39
Views: 5026

Re: how to "know" what asset allocation is right? (crypto windfall)

bertilak wrote:
Mon Dec 25, 2017 12:58 pm
For younger people with a small nest egg significant risk is needed to earn significant return. You don't need it. Don't take needless risk.
+1

With the money you're talking about, a more conservative AA than 90/10 is definitely called for.
by RadAudit
Mon Dec 25, 2017 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: Beginning investor questions
Replies: 9
Views: 872

Re: Beginning investor questions

I'd start with "Getting Started" on this site. Watch the videos. Read a few of the books. Then I'd read Taylor Larimore's (sp?) post on the Three Fund Portfolio - just the first post and its links on that thread. The important thing is to get your asset allocation right. Right being an asset allocat...
by RadAudit
Sun Dec 24, 2017 3:45 pm
Forum: Investing - Theory, News & General
Topic: Early retirement pros and cons:
Replies: 58
Views: 6854

Re: Early retirement pros and cons:

Pro: You have a longer time of good health to do what is meaningful to you.

I just got a Christmas letter from an old friend. This year he had a stroke and his wife had a heart attack.

Tomorrow is not guaranteed.
by RadAudit
Sun Dec 24, 2017 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Will you donate less to Charity?
Replies: 109
Views: 7759

Re: Will you donate less to Charity?

I have never given to charity because of federal tax deductions. It was a nice benefit, but that was not the reason. I give because of needs. ... I will not give less from this point on because of the recent tax legislation. To the contrary, I will give a higher amount each year as I have in the la...
by RadAudit
Fri Dec 22, 2017 2:52 pm
Forum: Investing - Theory, News & General
Topic: New Schwab spot: "Buy invididual stocks impulsively in the middle of the night!"
Replies: 12
Views: 2043

Re: New Schwab spot: "Buy invididual stocks impulsively in the middle of the night!"

WL2034 wrote: ↑Fri Dec 22, 2017 11:18 am You can tell by the stylish glasses he wears during the commercial that he is thoughtful and successful enough to beat the robots at investing. I just signed up for a Schwab account and moved my computer to the bedside so it is ready for my midnight epiphani...
by RadAudit
Fri Dec 22, 2017 11:31 am
Forum: Investing - Theory, News & General
Topic: Happy New Year. Congratulations on your progress! What success tips do we pass on to others?
Replies: 20
Views: 2185

Re: Happy New Year. Congratulations on your progress! What success tips do we pass on to others?

The tips I plan to pass on to the kids are the same this year as they were last year. 1 Develop a workable plan 2 Invest early and often 3 Never bear too much or too little risk 4 Diversify 5 Never try to time the market 6 Use index funds when possible 7 Keep costs low 8 Minimize taxes 9 Invest with...