Search found 11724 matches

by HomerJ
Thu Dec 13, 2018 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 308
Views: 20950

Re: What percentage of your net worth is your home equity?

Only if you are an accountant, then, the accounting definition matter to you. If you want to communicate with other human beings, then try using the same definitions for words. You don't get to make up what "net worth" means. You absolutely can talk about ignoring home equity when making your finan...
by HomerJ
Thu Dec 13, 2018 2:05 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1552
Views: 217072

Re: QSPIX - thoughts on interesting fund

But don't worry Homer J, you are still correct that Cliff Asness is extremely wealthy. I know that is your favorite thing to point out. The horror! In America no less! :) "Where are the customer's yachts?" It was a good question 90 years ago, and is still a good question today. We're allowed to tel...
by HomerJ
Thu Dec 13, 2018 1:50 pm
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 42
Views: 1224

Re: Should I buy a Tesla?

Does the bottom line ($40k) Tesla have all the Auto-drive features?
by HomerJ
Thu Dec 13, 2018 1:49 pm
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 42
Views: 1224

Re: Should I buy a Tesla?

Has your investment portfolio gained or lost $40,000 or more in a single day? If so, then yes, you can spend $40,000 on a car. That metric seems a bit silly. The market rarely swings more than 2-3% in a day. Under your test, you'd need around $1M in the market to buy any new car. A bit over-aggress...
by HomerJ
Thu Dec 13, 2018 10:59 am
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 42
Views: 1224

Re: Should I buy a Tesla?

Impossible to answer without more context, but your sentence 'starting a new job that will pay me... indicates a big NO. First rule of financial well being. Don't spend money you don't yet have. Get your savings rate on track. Maximize all tax-advantaged space available to you. Get a solid buffer f...
by HomerJ
Thu Dec 13, 2018 10:56 am
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 42
Views: 1224

Re: Should I buy a Tesla?

Impossible to answer without more context, but your sentence 'starting a new job that will pay me... indicates a big NO. First rule of financial well being. Don't spend money you don't yet have. This. When you can pay cash for it, you can buy it. Get your savings rate on track. Maximize all tax-adv...
by HomerJ
Wed Dec 12, 2018 11:10 pm
Forum: Investing - Help with Personal Investments
Topic: For those waiting for a 'correction' ...
Replies: 101
Views: 1234038

Re: For those waiting for a 'correction' ...

I’m fairly new to the Boglehead world but I do understand that sitting in cash (or cash equivalents) waiting for the dip is not the Bogle way. Since there is of course a Bogle bias on this forum I would imagine the OP would expect a biased answer as it seems they have gotten. With that said buying ...
by HomerJ
Wed Dec 12, 2018 8:30 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1552
Views: 217072

Re: QSPIX - thoughts on interesting fund

But don't worry Homer J, you are still correct that Cliff Asness is extremely wealthy. I know that is your favorite thing to point out. The horror! In America no less! :) "Where are the customer's yachts?" It was a good question 90 years ago, and is still a good question today. We're allowed to tel...
by HomerJ
Wed Dec 12, 2018 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: For those waiting for a 'correction' ...
Replies: 101
Views: 1234038

Re: For those waiting for a 'correction' ...

I'll try one more time HomerJ, but I don't get the impression you are actually listening or reading my answers and rather just want to make your overall point. Anyway, here it goes: My target allocation is 10% Cash 40% Bonds 20% US stocks (split 2/3 total market and 1/3 small cap value) 20% Interna...
by HomerJ
Wed Dec 12, 2018 6:14 pm
Forum: Investing - Theory, News & General
Topic: Recession Coming
Replies: 30
Views: 3374

Re: Recession Coming

https://www.cbsnews.com/news/most-cfos-see-a-u-s-recession-coming-by-2020/ We all claim nobody knows nothing about the markets but when you get stories like the one above, people start to believe it and it becomes as self fulfilling prophecy. Question becomes: Do you deploy your dry powder now to g...
by HomerJ
Wed Dec 12, 2018 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: For those waiting for a 'correction' ...
Replies: 101
Views: 1234038

Re: For those waiting for a 'correction' ...

Because I didn't expect the market to go up as much as it did. No one can predict the market. Until you learn that, you will likely do poorly investing. Of course, you could get lucky. Not a great plan, but certainly possible. I checked this week and over the last 5 years my CAGR is exactly the sam...
by HomerJ
Wed Dec 12, 2018 4:25 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1552
Views: 217072

Re: QSPIX - thoughts on interesting fund

A common misconception is that QSPIX, and even Vanguard's Market Neutral fund, are hedges of the stock market. They do aim to earn a positive premium over the long term in a way that is uncorrelated with the stock market. That's a lot different than a hedge. Good point. Hedge is the wrong word. Unc...
by HomerJ
Wed Dec 12, 2018 1:36 pm
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 170
Views: 12163

Re: What Happened to you during the Financial crisis of 2007–2008

I was 24 in 2008, two years of 401k and Roth contributions. All money in target 2050. I started maxing my 401k around 2008. Survived 7 layoffs at megacorp. I lost $1500 when I exchanged an abismal Chinese mutual fund for a us s&p fund. My 401k and Roth have a combined 600k now after just 13 years o...
by HomerJ
Wed Dec 12, 2018 1:00 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1552
Views: 217072

Re: QSPIX - thoughts on interesting fund

Vanguard's Market Neutral fund (VMNFX) is almost exactly even YTD. 0.06% gain QSPIX is down 13.2% for the year. I wonder if Cliff Asness's net worth will be higher or lower on next year's Forbes billionaire list? And last year QSPIX was up 12% and Vanguard's VMNFX was down 5%. Over its lifetime QSP...
by HomerJ
Wed Dec 12, 2018 12:52 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1552
Views: 217072

Re: QSPIX - thoughts on interesting fund

Vanguard's Market Neutral fund (VMNFX) is almost exactly even YTD. 0.06% gain QSPIX is down 13.2% for the year. I wonder if Cliff Asness's net worth will be higher or lower on next year's Forbes billionaire list? Given the expense ratio.... Also: I wouldn’t automatically assume that he actually own...
by HomerJ
Wed Dec 12, 2018 12:39 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1552
Views: 217072

Re: QSPIX - thoughts on interesting fund

Vanguard's Market Neutral fund (VMNFX) is almost exactly even YTD. 0.06% gain

QSPIX is down 13.2% for the year.

I wonder if Cliff Asness's net worth will be higher or lower on next year's Forbes billionaire list?
by HomerJ
Wed Dec 12, 2018 10:41 am
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 170
Views: 12163

Re: What Happened to you during the Financial crisis of 2007–2008

Dandy wrote:
Wed Dec 12, 2018 8:00 am
We were all lucky the recovery was large and swift. A longer recovery and/or deeper drop could have been horrific in many ways we can only imagine not only on a personal level but our economy, politics ...future.
This is a very important point.
by HomerJ
Wed Dec 12, 2018 10:22 am
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 170
Views: 12163

Re: What Happened to you during the Financial crisis of 2007–2008

I graduated in 2008 and couldn't find a job. Took one in a call center making $9.50/hour. No money in the stock market when it crashed. No money to put in the stock market to take advantage of the ensuing run-up. Sucks. Just like everything else in my life. Hey I had no money in the 90s stock marke...
by HomerJ
Tue Dec 11, 2018 8:32 pm
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 170
Views: 12163

Re: What Happened to you during the Financial crisis of 2007–2008

We were 66/33 stocks/bonds. I rebalanced once on the way down, then got freaked out as the market kept crashing and the talking heads starting mentioning total global financial meltdown (aka Great Depression II). I had a couple of neighbors and friends lose their jobs. I never was too tempted to sel...
by HomerJ
Tue Dec 11, 2018 7:54 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8550
Views: 1673133

Re: U.S. stocks in free fall

LadyGeek wrote:
Tue Dec 11, 2018 5:19 pm
After a very long delay and further review, GoldenFinch is correct. Waiting until after the market closed, I have retitled the thread as "free fall".
If this turns out to be the low point, we may need you to retitle this thread in the future as well. :)
by HomerJ
Tue Dec 11, 2018 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 352
Views: 19716

Re: What are your property taxes?

800 per year on 190000. Fairhope, AL Decent schools and roads for now. I had to look and I'm :shock: https://www.greatschools.org/search/search.page?lat=30.48763749999999&locationLabel=Fairhope%2C%20AL%2036532&locationType=zip&lon=-87.87461459999997&state=AL Just to be clear: Greatschools.org is no...
by HomerJ
Tue Dec 11, 2018 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 352
Views: 19716

Re: What are others paying for property taxes around the US?

Conclusions 1. There's a big range in taxes, whether calculated based on value, size, or whatever. 2. You have to pay to play. Do you want good schools, good roads, short commute, nice environment? It's gonna cost you in house price and in taxes. 3. The options become much broader if you are not wo...
by HomerJ
Tue Dec 11, 2018 9:54 am
Forum: Investing - Help with Personal Investments
Topic: For those waiting for a 'correction' ...
Replies: 101
Views: 1234038

Re: For those waiting for a 'correction' ...

Because I didn't expect the market to go up as much as it did. No one can predict the market. Until you learn that, you will likely do poorly investing. Of course, you could get lucky. Not a great plan, but certainly possible. I checked this week and over the last 5 years my CAGR is exactly the sam...
by HomerJ
Mon Dec 10, 2018 4:14 pm
Forum: Investing - Theory, News & General
Topic: We Are Teetering on the Edge of A DEATH CROSS
Replies: 50
Views: 8458

Re: We Are Teetering on the Edge of A DEATH CROSS

JimmyJammy wrote:
Sun Dec 09, 2018 10:39 pm
There was never a recession without an associated DC.
But there's been a ton of DCs without an associated recession.

Making it worthless as a predictive tool for recessions.
by HomerJ
Mon Dec 10, 2018 4:10 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8550
Views: 1673133

Re: U.S. stocks in freefall

If the markets would remain around current levels until the end of the year, market historians will look back at this year as a yawner. RM Even we will. Most people here seem to have already forgotten every other drop in the past 9 years and seem to think it's been one uninterrupted rise since 2009.
by HomerJ
Mon Dec 10, 2018 11:48 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Be Prepared For Losses
Replies: 146
Views: 18997

Re: Larry Swedroe: Be Prepared For Losses

Depending on the age of the person and career prospect and so on , it may not be possible for someone to recover financially. And that is what we are discussing. A 30 year-old absolutely could be wiped out, bankrupt, even in debt, and still recover financially. HomerJ, How would you know? <<Before,...
by HomerJ
Mon Dec 10, 2018 10:14 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Be Prepared For Losses
Replies: 146
Views: 18997

Re: Larry Swedroe: Be Prepared For Losses

Depending on the age of the person and career prospect and so on , it may not be possible for someone to recover financially. And that is what we are discussing. A 30 year-old absolutely could be wiped out, bankrupt, even in debt, and still recover financially. Before, you didn't want to take any c...
by HomerJ
Mon Dec 10, 2018 10:03 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Be Prepared For Losses
Replies: 146
Views: 18997

Re: Larry Swedroe: Be Prepared For Losses

I was luckier than many of my peers that were laid off earlier and had longer unemployment. How many of your peers are dead from starving to death or living in a box on the streets? Your rhetoric on this issue is way overblown and limits the usefulness of your posts. I'm probably nearly as conserva...
by HomerJ
Sun Dec 09, 2018 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: Has anyone adjusted their stock allocation on the dip?
Replies: 39
Views: 3268

Re: Has anyone adjusted their stock allocation on the dip?

Just wondering with the recent dip in stock prices if many investors her readjusted their stock allocation and sold some bonds or invested cash to do so. Thanks in advance for the response. Changing your stock allocation based on what the market is doing is "market timing". Keeping your stock alloc...
by HomerJ
Sat Dec 08, 2018 11:42 am
Forum: Investing - Help with Personal Investments
Topic: 58 y/o nearing retirement - looking at economic/stock market indicators
Replies: 36
Views: 5197

Re: 58 y/o nearing retirement - looking at economic/stock market indicators

Stock market is high. CAPE ratios high. Unemployment is at 10 year low. Housing near a bubble. Recession on the horizon in a year or so. Most experts predicting much lower stock market returns over the next ten years. All of this was true 5 years ago too (Except unemployment being low, but that's a...
by HomerJ
Sat Dec 08, 2018 11:22 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8550
Views: 1673133

Re: U.S. stocks in freefall

J G Bankerton wrote:
Fri Dec 07, 2018 11:15 pm
nedsaid wrote:
Fri Dec 07, 2018 6:55 pm
There was a discussion in another thread about a relatively flat yield curve and the threat of that curve inverting,
If that curve inverts it will be like crossing the beams in the Ghost Busters movie.
Whoa. Total protonic reversal?
by HomerJ
Sat Dec 08, 2018 11:18 am
Forum: Investing - Help with Personal Investments
Topic: Best Re-balancing technique . . .
Replies: 20
Views: 1385

Re: Best Re-balancing technique . . .

Easiest way is to change your contributions. No taxable event that way. If your goal is 60/20/20 stocks/international stocks/bonds, and you find yourself at 54/19/25, then you just change your new money going in to be 90/10 stocks/international stocks. Second easiest way to just move stuff around in...
by HomerJ
Fri Dec 07, 2018 2:20 pm
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11965

Re: Why Retirement Is Broken And Needs To Be Reinvented

For people in the group (A), it usually took a recession and almost total financial disaster before they will change and listen. This is for the lucky few that did survive from the disaster. For others, there was no recovery. You've been in the U.S. far too long to think that a large percentage of ...
by HomerJ
Fri Dec 07, 2018 2:12 pm
Forum: Investing - Theory, News & General
Topic: We Are Teetering on the Edge of A DEATH CROSS
Replies: 50
Views: 8458

Re: We Are Teetering on the Edge of A DEATH CROSS

JupiterJones wrote:
Fri Dec 07, 2018 1:25 pm
Sounds like a bad '70s movie.

"In a world where gangs run wild and justice turns a blind eye, one priest must put down his collar and make a stand. Charles Bronson is Father Brock McSteele in... DEATH CROSS!"
I think you're mistaken.

That sounds like an AWESOME '70s movie!
by HomerJ
Fri Dec 07, 2018 11:34 am
Forum: Investing - Help with Personal Investments
Topic: 58 y/o nearing retirement - looking at economic/stock market indicators
Replies: 36
Views: 5197

Re: 58 y/o nearing retirement - looking at economic/stock market indicators

Stock market is high. CAPE ratios high. Unemployment is at 10 year low. Housing near a bubble. Recession on the horizon in a year or so. Most experts predicting much lower stock market returns over the next ten years. All of this was true 5 years ago too (Except unemployment being low, but that's a...
by HomerJ
Fri Dec 07, 2018 9:54 am
Forum: Investing - Theory, News & General
Topic: The S&P 500 Goes Supernova
Replies: 90
Views: 13141

Re: The S&P 500 Goes Supernova

TVD wrote:
Fri Dec 07, 2018 8:05 am
Not saying this is a conspiracy
Whenever someone says that, it's EXACTLY what they are saying.
by HomerJ
Thu Dec 06, 2018 3:07 pm
Forum: Investing - Theory, News & General
Topic: The risks of equities when saving for retirement
Replies: 38
Views: 3359

Re: The risks of equities when saving for retirement

ThrustVectoring wrote:
Thu Dec 06, 2018 3:05 pm
Like, the strategy I'm thinking of (60% VTI / 40% VXUS / 2000% two-year treasury notes) backtested into showing significant profits in the 2008 crisis due to the dramatic drop in short-term rates.
What if the next crash isn't anything like 2008?
by HomerJ
Thu Dec 06, 2018 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Is there a point to a Taxable Acount?
Replies: 25
Views: 1879

Re: Is there a point to a Taxable Acount?

Strange question frankly. Also a Roth IRA alone isn't going to fund a retirement so I'd think long and hard about your plans to withdraw this at age 38. I respectfully disagree. If you start in your twenties and contribute the max to a roth ira and retire at full retirement age, your retirement wil...
by HomerJ
Thu Dec 06, 2018 3:00 pm
Forum: Investing - Theory, News & General
Topic: The risks of equities when saving for retirement
Replies: 38
Views: 3359

Re: The risks of equities when saving for retirement

Even during the last recession, which was certainly a bad one, very few (as a percent) college educated (i.e. most BHs) folks were out of work for longer than a year. Health issues can also be a factor. I don't think it's a good idea to ever have a plan that requires one to work until 65. If you th...
by HomerJ
Thu Dec 06, 2018 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: Is there a point to a Taxable Acount?
Replies: 25
Views: 1879

Re: Is there a point to a Taxable Acount?

You only get so much tax-deferred space. Once you fill it up, all extra savings go to a Taxable account. That's it. There's no other alternatives. Even a checking account is taxable. Now, you can put the money in tax-managed funds or municipal bonds inside that taxable account, and pay 0 or little t...
by HomerJ
Thu Dec 06, 2018 2:34 pm
Forum: Investing - Theory, News & General
Topic: The risks of equities when saving for retirement
Replies: 38
Views: 3359

Re: The risks of equities when saving for retirement

Can we have another post on the risks of bonds and cash when saving for retirement? Ooooh, yes let's! Let's talk about intermediate-term Treasuries' real drawdown of -32% from 1977-1981. That period demonstrated that nominal bonds at least were more risky than many thought. The whole 'bonds are for...
by HomerJ
Thu Dec 06, 2018 2:32 pm
Forum: Investing - Theory, News & General
Topic: The risks of equities when saving for retirement
Replies: 38
Views: 3359

Re: The risks of equities when saving for retirement

It might be a good idea to keep this range of outcomes in mind when investing in equities for retirement and perhaps assume that there's a possibility you could end up in the lower end of the range and plan accordingly. "You only get one whack at the cat." Another post, sorry. Can I ask you a serio...
by HomerJ
Thu Dec 06, 2018 1:07 am
Forum: Investing - Help with Personal Investments
Topic: 58 y/o nearing retirement - looking at economic/stock market indicators
Replies: 36
Views: 5197

Re: 58 y/o nearing retirement - looking at economic/stock market indicators

Stock market is high. CAPE ratios high. Unemployment is at 10 year low. Housing near a bubble. Recession on the horizon in a year or so. Most experts predicting much lower stock market returns over the next ten years. All of this was true 5 years ago too (Except unemployment being low, but that's a...
by HomerJ
Thu Dec 06, 2018 12:54 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8550
Views: 1673133

Re: U.S. stocks in freefall

It is by far my favorite long-running thread. I am fascinated by people-watching itt. The last site on the internet that one would expect to find tea leaf readers, people who think they can predict or explain market moves, and doom-and-gloomers, yet ... :beer The crazy thing is the irony of people ...
by HomerJ
Thu Dec 06, 2018 12:50 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8550
Views: 1673133

Re: U.S. stocks in freefall

By the way since this thread started August 8, 2011 the total return of Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) is up 158%, and $10,000 invested has turned into $25,836. I would not be surprised that when the bottom is finally hit, you would have made more money staying in a m...
by HomerJ
Wed Dec 05, 2018 9:08 pm
Forum: Investing - Theory, News & General
Topic: The risks of equities when saving for retirement
Replies: 38
Views: 3359

Re: The risks of equities when saving for retirement

It might be a good idea to keep this range of outcomes in mind when investing in equities for retirement and perhaps assume that there's a possibility you could end up in the lower end of the range and plan accordingly. "You only get one whack at the cat." Another post, sorry. Can I ask you a serio...
by HomerJ
Wed Dec 05, 2018 9:01 pm
Forum: Investing - Theory, News & General
Topic: The risks of equities when saving for retirement
Replies: 38
Views: 3359

Re: The risks of equities when saving for retirement

It might be a good idea to keep this range of outcomes in mind when investing in equities for retirement and perhaps assume that there's a possibility you could end up in the lower end of the range and plan accordingly. "You only get one whack at the cat." You get what you get. Of course, it's a ra...
by HomerJ
Wed Dec 05, 2018 3:48 pm
Forum: Investing - Theory, News & General
Topic: The risks of equities when saving for retirement
Replies: 38
Views: 3359

Re: The risks of equities when saving for retirement

The analysis is flawed. However, I believe that historical returns paint too rosy a picture going forward, so I will scale down the historical returns to produce an average annual arithmetic real return for stocks of 5% and 1% for bonds. Garbage in, garbage out. You can't use historical 20-year bloc...
by HomerJ
Wed Dec 05, 2018 12:48 pm
Forum: Investing - Theory, News & General
Topic: Morningstar forum gone?
Replies: 11
Views: 1518

Re: Morningstar forum gone?

Morningstar website is currently somewhat broken.

I can't see any charts for instance.
by HomerJ
Wed Dec 05, 2018 12:44 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8550
Views: 1673133

Re: U.S. stocks in freefall

Days with 2% or greater drops ... 2018: 11 (so far) What index or (better) ticker symbol? And how many days in 2018 of gains of 2% or greater? SPX 2018 - days of 2% or greater drops: 11 2018 - days of 2% or greater gains: 4 2018 - days of 1% or greater drops: 25 2018 - days of 1% or greater gains: ...