Search found 11006 matches

by HomerJ
Sun Jun 24, 2018 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 140
Views: 14089

Re: Can you retire on $2M?

bigdav160 wrote:
Sat Jun 23, 2018 9:34 am
I have a rhetorical question.

Why would anyone want to "retire" at age 40?
What possibly would you do with all that time (that doesn't cost a lot of money)?
Volunteer to help people.. which i believe is what you did.

And stuff for my family and myself... if thats okay with you.
by HomerJ
Sun Jun 24, 2018 1:05 pm
Forum: Personal Consumer Issues
Topic: When did you start flying business class?
Replies: 90
Views: 5470

Re: When did you start flying business class?

To BHs who regularly fly business class, when did you start? Was it after you reached a certain age? Reached a certain net worth? Was it worth it, in your opinion? My wife and I are in our early 40s. We will be travel to Asia soon. My MIL gently suggested flying biz class. I just couldn’t justify p...
by HomerJ
Sat Jun 23, 2018 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 140
Views: 14089

Re: Can you retire on $2M?

Here is the example I am using, this lady "retired" at 28: http://money.cnn.com/2017/08/02/pf/early-retirement/index.html I guess I should have started there, if she's retiring with $2.25M is that really sustainable? She's doing withdrawals currently and still has a long time to go. The most import...
by HomerJ
Sat Jun 23, 2018 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 140
Views: 14089

Re: Can you retire on $2M?

So I looked into it for coverage with Blue Cross and it would be $3K. Now, obviously I'm not paying that so that could change next year, or with a wife, and future kids, etc. Where on EARTH are you finding decent HC (BCBS) at $3K per year? Unless you're getting large subsidies most recommend budget...
by HomerJ
Sat Jun 23, 2018 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 140
Views: 14089

Re: Can you retire on $2M?

Also, how are you planning on getting 8% interest on 2 million in cash? Have you not looked at what CDs and saving accounts pay in interest? You are asking very strange questions for someone smart enough to accumulate 2 million dollars. If you have zero retirement savings say that. If you have some ...
by HomerJ
Sat Jun 23, 2018 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 140
Views: 14089

Re: Can you retire on $2M?

Is $2m total net worth or retirement portfolio value? Do you own or rent (renters are subject to greater inflation risk than home owners?) Portfolio value. Not including retirement accounts. Hypothetical. I have no idea what you mean by not including retirement accounts. You want to retire, but not...
by HomerJ
Fri Jun 22, 2018 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: I want to cash in VTSAX
Replies: 21
Views: 1333

Re: I want to cash in VTSAX

But if you sell today, and the market keeps going up, you'll come out behind. Buy and hold, stay the course. Investing should not be gambling where you try to beat the house. The long-term 10% annual historical return from the stock market INCLUDES the crashes. Read that again. You didn't have to j...
by HomerJ
Fri Jun 22, 2018 2:34 pm
Forum: Personal Consumer Issues
Topic: How do find a good doctor for chronic hives
Replies: 25
Views: 1167

Re: How do find a good doctor for chronic hives

Thanks for all the advice. We will check out those websites.

And many many thanks to all those who sent me PMs.. I really appreciate it. Makes my wife feel a little better to see others had/have the same issue and how they dealt with it!

You guys are the best!
by HomerJ
Fri Jun 22, 2018 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 140
Views: 14089

Re: Can you retire on $2M?

Honestly, I don't understand how people live on $40K, $50K or even $60K per year. Including taxes as well as healthcare before Medicare kicks in, I struggle to get it below $100K for two people, assuming we want to do anything besides sit in the house not spending money. But if we just sit in the h...
by HomerJ
Fri Jun 22, 2018 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 140
Views: 14089

Re: Can you retire on $2M?

No need to move overseas to reduce costs of living. There are plenty of low cost communities in the US that will be very accommodating to a low cost lifestyle providing you aren't expecting to land high-earning professional jobs nearby. Move to Arkansas or Texas outside of the big cities for exampl...
by HomerJ
Fri Jun 22, 2018 10:51 am
Forum: Personal Consumer Issues
Topic: How do find a good doctor for chronic hives
Replies: 25
Views: 1167

Re: How do find a good doctor for chronic hives

Yeah, I know one can't give medical advice, but I'm curious how one finds a good specialist.

Sure, we've asked our family doctor, but the guy he referred us to is terrible.
by HomerJ
Fri Jun 22, 2018 10:23 am
Forum: Personal Consumer Issues
Topic: How do find a good doctor for chronic hives
Replies: 25
Views: 1167

How do find a good doctor for chronic hives

Wife is experiencing chronic hives, and the only thing that helps is prednisone steroids. The doctors we have seen have been completely unhelpful. Are they bad doctors or does medical science really have zero clue how to treat this? Is there a good way to find the best doctors in this field? We look...
by HomerJ
Fri Jun 22, 2018 10:12 am
Forum: Investing - Help with Personal Investments
Topic: I want to cash in VTSAX
Replies: 21
Views: 1333

Re: I want to cash in VTSAX

Oh dear. :( Yes, if you sell today and then go back in later when shares have fallen 10%, then you'll come out ahead, though there will be LTCG taxes to pay on that withdrawal... But if you sell today, and the market keeps going up, you'll come out behind. Buy and hold, stay the course. Investing s...
by HomerJ
Fri Jun 22, 2018 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 140
Views: 14089

Re: Can you retire on $2M?

You can argue between a 2% and 3% SWR, and you have a reasonable chance of ending with nothing. Anything higher you have to use a lot of imagination to justify. What data do you use to justify such small withdrawal rates? 3.3+% (or thereabouts) seems to be a perpetual withdrawal rate that takes you...
by HomerJ
Fri Jun 22, 2018 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 140
Views: 14089

Re: Can you retire on $2M?

Is $2m total net worth or retirement portfolio value? Do you own or rent (renters are subject to greater inflation risk than home owners?) Portfolio value. Not including retirement accounts. Hypothetical. I have no idea what you mean by not including retirement accounts. You want to retire, but not...
by HomerJ
Fri Jun 22, 2018 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 140
Views: 14089

Re: Can you retire on $2M?

In doing the math, it seems like if you're 40 with $2M you could possibly retire. $2M @ 8% interest annually for 40 years (die at 100 years old) yields you $161,000 annually. You may not draw $161,000 to start, maybe you draw $60,000 and therefore grow your overall pot over 40 years. Then again, if...
by HomerJ
Fri Jun 22, 2018 8:56 am
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 273
Views: 34229

Re: MoviePass-Too good to be true, but it's legit.

MoviePass could be the way of the future especially with Mitch Lowe at the helm. Announced a small partnership with Samsung today. The next year or so should be interesting. I put some play money in HMNY at .32 cents. Let’s see where it goes. Explain how they plan to make a profit charging $10 a mo...
by HomerJ
Thu Jun 21, 2018 12:34 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: The Battle Of Passive Strategies
Replies: 71
Views: 6714

Re: Larry Swedroe: The Battle Of Passive Strategies

I wouldn't reduce exposure to factors because I believe that factor funds are more efficient. Since the persistence of the premiums is not as great as the market premium, I will still maximize exposure to each of the factors I am targeting, hoping for outperformance. I am still saving/investing suf...
by HomerJ
Thu Jun 21, 2018 12:28 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: The Battle Of Passive Strategies
Replies: 71
Views: 6714

Re: Larry Swedroe: The Battle Of Passive Strategies

Rick Ferri wrote:
Thu Jun 21, 2018 8:02 am
Factor investing is complex and the “optimal” way to do it is always changing
That alone makes me steer clear
by HomerJ
Thu Jun 21, 2018 12:14 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: The Battle Of Passive Strategies
Replies: 71
Views: 6714

Re: Larry Swedroe: The Battle Of Passive Strategies

Imagine a hypothetical portfolio that is 60% Vanguard Small-Cap Value ETF (VBR) and 40.00% Vanguard Total Bond Market ETF (BND). This portfolio would have a load on SmB of 0.34 and a load on HmL of 0.19, and has a market beta (RmF) of 0.64. If, for whatever reason, the investor concluded that this ...
by HomerJ
Wed Jun 20, 2018 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Evaluate my finances. Young guy.
Replies: 96
Views: 13514

Re: Evaluate my finances. Young guy.

I think I am different than most people on this forum (and most people in general) in that I don't view debt as chain and shackles in a prison cell. You've never been through a recession with a ton of money on the line. Sorry to be that old guy with experience grumbling at the young guy who has onl...
by HomerJ
Wed Jun 20, 2018 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: Evaluate my finances. Young guy.
Replies: 96
Views: 13514

Re: Evaluate my finances. Young guy.

I think I am different than most people on this forum (and most people in general) in that I don't view debt as chain and shackles in a prison cell. You've never been through a recession with a ton of money on the line. Sorry to be that old guy with experience grumbling at the young guy who has onl...
by HomerJ
Wed Jun 20, 2018 2:07 pm
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 13427

Re: Oh my! Cardone says we need $10m net worth

It's not judgement, it's statistics. 68% of Americans live paycheck to paycheck. 65% can't come up with $1000 right away (without borrowing it or putting it on a credit card) in the event of an emergency. Half don't have any retirement savings. And NONE of that applies to a person pulling $60k from...
by HomerJ
Wed Jun 20, 2018 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: Can I break the tape in 5 years?????
Replies: 27
Views: 3301

Re: Can I break the tape in 5 years?????

Is this typical for a bogleheads to be this in doubt? Isn’t over $3m at age 51 a lot of money? :shock: Expenses matter. If you have $100 million, but spend $10 million a year, you don't have enough to retire. His expenses are fairly high. $120k a year with no mortgage is a good amount of money. 4% ...
by HomerJ
Wed Jun 20, 2018 11:14 am
Forum: Investing - Theory, News & General
Topic: The Current Market
Replies: 22
Views: 1696

Re: The Current Market

ImaDeval wrote:
Wed Jun 20, 2018 10:11 am
Since then the market has kind of yo-yo'ed up and down in loss territory for the last 4 months. I've been in the market for a number of years and I've not seen anything quite like this constant up and down over so many months.
This happens ALL THE TIME. 4 months of yo-yo-ing is normal.
by HomerJ
Wed Jun 20, 2018 10:16 am
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 13427

Re: Oh my! Cardone says we need $10m net worth

FTA: "If you retire today at 65 with $1 million in cash (after taxes) and no new income from any source, you would have to live off of $40,000 a year" People read this and think, "There's no way I could live on $40k, I make $80k, $120k, whatever today!" But $40k in retirement is very different than...
by HomerJ
Wed Jun 20, 2018 10:01 am
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 13427

Re: Oh my! Cardone says we need $10m net worth

If you think you can get 40%/year annual returns on a leveraged real estate investment for years on end...well, ok. Maybe you already have, in which case congrats. I for one have my doubts. If it were as dead simple as you describe, then in fact Cardone is right that everyone should be aiming for $...
by HomerJ
Wed Jun 20, 2018 9:51 am
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 13427

Re: Oh my! Cardone says we need $10m net worth

WildcatTofu wrote:
Sun Jun 17, 2018 4:53 pm
A terminal illness can easily cost you two million dollars in your final years.
Citation?
by HomerJ
Wed Jun 20, 2018 9:44 am
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 13427

Re: Oh my! Cardone says we need $10m net worth

Median income is not my definition of "living well" or "not having to worry about money". Most Americans DO worry about money all the time, so they fail what we are talking about by a mile. The median income earner in NYC isn't even close to fulfilling what we are proposing here. 68% of Americans s...
by HomerJ
Tue Jun 19, 2018 10:55 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1116
Views: 87624

Re: To take or not to take delivery of Tesla 3

It's great that they are adding superchargers, but let's not call one 8-car supercharger per town "very impressive". How about just "nice" I don't own a Tesla, but I have to disagree. They now have over 10,000 chargers at 1261 stations. To me that IS impressive. Which other charging system has that...
by HomerJ
Tue Jun 19, 2018 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: Can I break the tape in 5 years?????
Replies: 27
Views: 3301

Re: Can I break the tape in 5 years?????

Does the $120k expenses a year include a mortgage payment? If so, when will it go away? How much do you still owe on the house?
by HomerJ
Tue Jun 19, 2018 1:56 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1115
Views: 270042

Re: Best watch for around $5,000?

Agree. See the $20k travel thread as well. Some OP’s ask for this kind of judgemental feedback but most don’t. My advice is always the same “dont give any advice other than if you can afford it and you value it, buy it”. If someone paid $20,000 for a one-night stay at a Motel 6, they absolutely wou...
by HomerJ
Tue Jun 19, 2018 1:02 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1115
Views: 270042

Re: Best watch for around $5,000?

Agree. See the $20k travel thread as well. Some OP’s ask for this kind of judgemental feedback but most don’t. My advice is always the same “dont give any advice other than if you can afford it and you value it, buy it”. If someone paid $20,000 for a one-night stay at a Motel 6, they absolutely wou...
by HomerJ
Tue Jun 19, 2018 11:41 am
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1115
Views: 270042

Re: Best watch for around $5,000?

Agree. See the $20k travel thread as well. Some OP’s ask for this kind of judgemental feedback but most don’t. My advice is always the same “dont give any advice other than if you can afford it and you value it, buy it”. If someone paid $20,000 for a one-night stay at a Motel 6, they absolutely wou...
by HomerJ
Mon Jun 18, 2018 7:30 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1115
Views: 270042

Re: Best watch for around $5,000?

I always like these threads. Most berate, belittle and otherwise consider anyone with a watch more than a basic Timex an idiot and into material things at the sacrifice of experiences. And they never pass on the opportunity in any thread where a watch more than $35 is mentioned. Blah, blah, blah......
by HomerJ
Mon Jun 18, 2018 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 11526

Re: MD&P just purchased X / sold Y [md&pharmacist]

Here you go. http://time.com/money/4885699/august-september-worst-month-stock-market/ Indeed, since the end of World War II, the S&P 500 index of blue-chip U.S. stocks has averaged losses in only three months of the year: February, August, and September. And over time, August and September have bee...
by HomerJ
Mon Jun 18, 2018 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 11526

Re: MD&P just purchased X / sold Y [md&pharmacist]

Here you go. http://time.com/money/4885699/august-september-worst-month-stock-market/ Indeed, since the end of World War II, the S&P 500 index of blue-chip U.S. stocks has averaged losses in only three months of the year: February, August, and September. And over time, August and September have been...
by HomerJ
Mon Jun 18, 2018 12:45 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin Price Manipulation
Replies: 45
Views: 5068

Re: Bitcoin Price Manipulation

If bitcoin was dead, we would not see Goldman Sachs starting trading desks.. Sure you would. They're the same geniuses that bet on subprime mortgages. They're willing to play as long as they think there are suckers out there willing to take it off their hands. This. If Goldman Sachs was buying and ...
by HomerJ
Mon Jun 18, 2018 12:41 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin Price Manipulation
Replies: 45
Views: 5068

Re: Bitcoin Price Manipulation

I agree with you that bitcoin today has been highly volatile and certainly does not meet that definition *today* but as long as the network survives(HUGE IF) and the 1% scenario plays out it will approach that definition better than any other money in human history. I should have said 'if the exper...
by HomerJ
Mon Jun 18, 2018 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Tracking spending before retirement useful for estimating retirement expenses?
Replies: 72
Views: 4060

Re: Tracking spending before retirement useful for estimating retirement expenses?

But, I would think for a lot of early retirees that are "retiring to something" rather than to simply stop working, the activities and living situation might change, sometimes drastically. It certainly is for us. We view this as completely new phase of life. If we weren't doing that, I might have c...
by HomerJ
Mon Jun 18, 2018 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Tracking spending before retirement useful for estimating retirement expenses?
Replies: 72
Views: 4060

Re: Tracking spending before retirement useful for estimating retirement expenses?

I guess many of us aren't wildly changing our financial lives. If I had the money to triple my housing expenditure in retirement, I would have retired 5 years earlier instead. Sounds like you just decided to work until your kids were done with school, and discovered you had a ton more money than you...
by HomerJ
Mon Jun 18, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Tracking spending before retirement useful for estimating retirement expenses?
Replies: 72
Views: 4060

Re: Tracking spending before retirement useful for estimating retirement expenses?

In a couple recent thread: Long time retirees: how much do you really need? ( https://www.bogleheads.org/forum/viewtopic.php?f=2&t=251838 ) How much money do you want to retire? ( https://www.bogleheads.org/forum/viewtopic.php?f=2&t=224799 ) A number of people suggested tracking expenses a few year...
by HomerJ
Mon Jun 18, 2018 9:56 am
Forum: Investing - Theory, News & General
Topic: Very confused with the current market
Replies: 93
Views: 8337

Re: Very confused with the current market

I remember Warren buffet once said: buy the dips and value investing. the stock market always go higher due to inflation in the long term, however, should not we buy the dips? Are those crazy tech stocks still value investing ? I am expecting the dips. Warren Buffet didn't say "Anticipate the dips ...
by HomerJ
Mon Jun 18, 2018 9:13 am
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1115
Views: 270042

Re: Best watch for around $5,000?

For my 50th, I wanted a $5,000 Rolex, but instead I bought a $35 a Timex Easy Reader Day Date, with the remaining $4,965 invested. :beer You beat me to this response. But oldzey paid up for a "premium" Timex. I got mine for $30, leaving $4,970 invested. Timex keeps perfect time - and if I lose it a...
by HomerJ
Sun Jun 17, 2018 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 123
Views: 10121

Re: Timeshare ever worth it? Please share details

I agree that a hotel, VRBO, AirBNB, condo, can't come close to comparing in experience. Renting a timeshare condo comes pretty close to comparing in experience to a timeshare condo... :) I can't speak to timeshare condos because I've never been in those and my friends own shares in properties that ...
by HomerJ
Sun Jun 17, 2018 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 123
Views: 10121

Re: Timeshare ever worth it? Please share details

2015 wrote:
Sun Jun 17, 2018 12:27 pm
I agree that a hotel, VRBO, AirBNB, condo, can't come close to comparing in experience.
Renting a timeshare condo comes pretty close to comparing in experience to a timeshare condo... :)
by HomerJ
Sun Jun 17, 2018 11:50 am
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 11526

Re: MD&P just purchased X / sold Y [md&pharmacist]

The desire to achieve average annualized returns of 30-40% would elevate you to the greatest investors of all time Another pointless "bashing" post. Let's let him post or not post his moves. Doesn't seem like pointless bashing to me. md&pharmacist appears to be unaware of that information. Won't af...
by HomerJ
Sat Jun 16, 2018 9:30 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 11526

Re: MD&P just purchased X / sold Y [md&pharmacist]

Let me know what details. I've posted my holdings..., relative positions and shares, performance statistics... You have not posted your performance, though many have asked. You’ve posted performance of the funds you hold, which is meaningless. md&pharmacist, To be able to review your personal perfo...
by HomerJ
Sat Jun 16, 2018 11:11 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 433
Views: 50676

Re: How much money do you want to retire?

Most of the discussion on this thread assumes that people save while working until they hit their “magic number” then they retire. This may describe the process for many or even most people, but there are many people who retire at times not within their control. Their savings would not likely be at...
by HomerJ
Fri Jun 15, 2018 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: Fund college tuition through 529 plan or Indexed Universal Life (IUL)
Replies: 32
Views: 1511

Re: Fund college tuition through 529 plan or Indexed Universal Life (IUL)

Is it a good argument not to fund 529 plan because it will reduce the chance to get financial aid for a family with annual income above $200,000? You are never going to get financial aid if your annual income is above $200,000. Is IUL a good investment option to fund college tuition? Absolutely not...