Search found 10986 matches

by HomerJ
Wed Jun 20, 2018 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Evaluate my finances. Young guy.
Replies: 96
Views: 13333

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: 13333

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: 13161

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: 23
Views: 2507

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: 1608

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: 13161

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: 13161

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: 13161

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: 13161

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: 1107
Views: 86387

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: 23
Views: 2507

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: 269710

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: 269710

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: 269710

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: 269710

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: 11421

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: 11421

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: 4992

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: 4992

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: 3960

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: 3960

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: 3960

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: 8251

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: 269710

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: 121
Views: 9638

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: 121
Views: 9638

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: 11421

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: 11421

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: 50488

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: 1497

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...
by HomerJ
Fri Jun 15, 2018 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 11421

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

If I retired tomorrow, my entire retirement portfolio is $10M plus SS. That's a 10:1 ratio (a little less because we earn more) of actual funds available for me to retire, to income. From everything I have read, that's a better ratio of savings to income in one's mid 40's than is generally recommen...
by HomerJ
Fri Jun 15, 2018 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 121
Views: 9638

Re: Timeshare ever worth it? Please share details

I have a Disney timeshare that I bought when my oldest daughter was a baby when I received a small inheritance when my mom and dad died. I bought it thinking that my mom and dad would be happy to know that they bought their granddaughter, who they never met, Disney vacations for her to enjoy during...
by HomerJ
Thu Jun 14, 2018 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 11421

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

Several of my funds have at some point had 1 year returns in excess of 70-100% in strong years, including 2017. "At some point" really doesn't mean anything. Did you sell at that one point? Looking at a 1-year chart of UGPIX (Leveraged China fund), I see that was indeed up 73% "at one point" Two we...
by HomerJ
Thu Jun 14, 2018 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 11421

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

Note I'm still willing to see how you do going forward. Just understand that what you have done so far is nothing special. Quit bragging, and let's see what your next hundred hours of "research" turns up. Remember, Warren Buffet had a ten-year bet with a hedge-fund manager that the plain index fund ...
by HomerJ
Thu Jun 14, 2018 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 11421

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

I'm not 50% cash. But, with 50% cash, a 1 year return of 13.7% in this under-performing market! Your basic vanilla index fund that you own and listed above beats that VFIAX (Vanguard 500 Admiral) has a 1 year return of 14.35% You keep saying "under-performing" market, but a 1-year return of 14.35% ...
by HomerJ
Thu Jun 14, 2018 12:31 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin Price Manipulation
Replies: 45
Views: 4992

Re: Bitcoin Price Manipulation

There is certainly a market for secure, purely digital payment methods, and Bitcoin was developed with that in mind from the beginning. Who can say if Bitcoin ever ends up fulfilling that role. The odds are probably against it, but if it happens, every household in the world is going to need to hav...
by HomerJ
Thu Jun 14, 2018 10:56 am
Forum: Personal Consumer Issues
Topic: What To Do About 2001 Honda Odyssey With No AIr
Replies: 16
Views: 1337

Re: What To Do About 2001 Honda Odyssey With No AIr

Move to Canada. Problem solved.
by HomerJ
Thu Jun 14, 2018 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 121
Views: 9638

Re: Timeshare ever worth it? Please share details

To the people who are negative about timeshares have you ever stayed in one? As others have said having a living room, kitchen and separate room for the kids makes it an actual VACATION! No comparison to a hotel room. Not even in the same universe. The advantage compared to renting somebody's house...
by HomerJ
Thu Jun 14, 2018 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 121
Views: 9638

Re: Timeshare ever worth it? Please share details

I could never understand how these could in any way be a better deal or otherwise more favorable than just renting a hotel room for a week in the location you want to vacation at. There is a huge quality of life difference between time-share apartments and hotel rooms. Most time-shares are full apa...
by HomerJ
Thu Jun 14, 2018 10:17 am
Forum: Personal Consumer Issues
Topic: Tesla Autopilot, worth it?
Replies: 113
Views: 7164

Re: Tesla Autopilot, worth it?

Can we get a moderator to request cut down by Tesla shorts to troll the topic? Trolling is an art and some of you need to learn it so that you can do it with a finesse. Frankly, the way being done here is too obvious and irritating. Not too much joy in Tesla shortville this week. But agree that thi...
by HomerJ
Thu Jun 14, 2018 10:10 am
Forum: Investing - Help with Personal Investments
Topic: Role of Annuity For Savers Who have 20+ years until Retirement
Replies: 32
Views: 2259

Re: Role of Annuity For Savers Who have 20+ years until Retirement

Out of curiosity, I do hope someone familiar with this type of product responds. Just last week, a co-worker talked about a Met Life annuity that he was considering. He cited an 8% guarantee for 6 years and no surrender charge at that point. While I was sure Met Life was not giving guaranteed money...
by HomerJ
Wed Jun 13, 2018 8:34 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1107
Views: 86387

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

Travelgeek, at one time we talked about Supercharge options between Bend & Boise. It looks like Tesla just updated its map of "coming soon" superchargers. I was impressed to see one coming to Burns, Madras and Ontario. And in the general vicinity, there is one coming to Mountain Home, ID and Newell...
by HomerJ
Wed Jun 13, 2018 1:38 am
Forum: Investing - Theory, News & General
Topic: You Can Market Time At Valuation Extremes
Replies: 36
Views: 3903

Re: You Can Market Time At Valuation Extremes

The problem is that what is considered "extreme" has changed over the years... Really? Humans, in seemingly all countries where records are available, seem to have demanded 5+% as real return on capital for the past 300 years. If you believe that we are not going to get that in the present environm...
by HomerJ
Wed Jun 13, 2018 1:23 am
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 11421

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

Homer, Genius is still name calling! Since I no longer want to pick my own stocks and want to attain out-sized fund returns, I have also been called naive in this same string! So if you all still want to call me names, I think the most accurate is confused! :? Besides if you keep calling me "not a ...
by HomerJ
Tue Jun 12, 2018 10:39 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 11421

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

Folks, while skepticism is healthy, outright hostility is not. OP has made a claim, and offered to provide data to test his claim. OP, we don't need detailed transaction history. It would be a lot simpler, and you wouldn't have to reveal too much personal data, if you started with a test portfolio....
by HomerJ
Tue Jun 12, 2018 11:42 am
Forum: Investing - Theory, News & General
Topic: You Can Market Time At Valuation Extremes
Replies: 36
Views: 3903

Re: You Can Market Time At Valuation Extremes

The problem is that what is considered "extreme" has changed over the years...
by HomerJ
Tue Jun 12, 2018 9:42 am
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 11421

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

jacoavlu wrote:
Tue Jun 12, 2018 8:08 am
I suggest you download a few years worth of past transactions and post them to a google doc. It wouldn’t take any longer than it’s taken you to type some replies. At least we’ll have some concrete stuff to talk about. Otherwise this is just a bunch of fluff.
Again, no.
by HomerJ
Tue Jun 12, 2018 9:40 am
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 11421

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

So my current holdings are with returns as of 6/11/2018): This list is meaningless without the portion each holds in your portfolio. See earlier comments regarding the ability to construct an XIRR out of your initial portfolio + detailed trades. Thanks for your feedback and civil discourse, moderat...
by HomerJ
Tue Jun 12, 2018 9:38 am
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 11421

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

jacoavlu wrote:
Mon Jun 11, 2018 11:33 pm
What did you sell to purchase OPGIX? (It surprises me that I have to ask.)

And what was your last trade before that?
Quit asking questions like this. He can make up anything he wants. Let's just see how he does going forward.
by HomerJ
Mon Jun 11, 2018 10:06 am
Forum: Personal Consumer Issues
Topic: Life in retirement - what did you do today?
Replies: 194
Views: 16293

Re: Life in retirement - what did you do today?

CULater wrote:
Mon Jun 11, 2018 9:52 am
Retirement is a bore
Heh, you're doing it wrong.