Search found 9916 matches

by HomerJ
Mon Aug 21, 2017 2:06 pm
Forum: Investing - Theory, News & General
Topic: Japanese Bubble Burst 1989
Replies: 50
Views: 3920

Re: Japanese Bubble Burst 1989

The prudent thing to do, in light of valuations at the time and forward looking expected returns, would have been to take risk off the table. Same may be true now in 2017 USA for anyone within sight of retirement. The prudent thing to do is take risk off the table, when you are close to retirement,...
by HomerJ
Mon Aug 21, 2017 1:22 pm
Forum: Investing - Theory, News & General
Topic: I own no international stocks. Can you guess why?
Replies: 167
Views: 11240

Re: I own no international stocks. Can you guess why?

Heh, one of my favorite jokes from Steven Wright (said in his flat deadpan voice, of course) "A friend of mine wanted to show me a picture of him when he was younger. I told him every picture of him was when he was younger." THIS IS WRONG!!! The joke was by Mitch Hedberg (R.I.P.)!! Similar to Steve...
by HomerJ
Mon Aug 21, 2017 10:27 am
Forum: Investing - Theory, News & General
Topic: I own no international stocks. Can you guess why?
Replies: 167
Views: 11240

Re: I own no international stocks. Can you guess why?

The US is 36% of the world's market cap so any more allocation than that is an overconcentration contrary to Bogleheads "own the market" core principle (that Jack Bogle is OK with this is, to me, simply a manifestation of patriotism and the old saying, not anything with rational economic argument b...
by HomerJ
Mon Aug 21, 2017 10:22 am
Forum: Investing - Theory, News & General
Topic: I own no international stocks. Can you guess why?
Replies: 167
Views: 11240

Re: I own no international stocks. Can you guess why?

Because Taylor is old That's my guess right there. He may dress it up in other outfits but the core of it is likely this. I object. How old does one have to be to be considered "old"? What is "old" anyway? Answer: it is as old as one feels "old". Taylor is NOT old. Not that is matters, but I would ...
by HomerJ
Mon Aug 21, 2017 9:05 am
Forum: Investing - Theory, News & General
Topic: Boston Globe: Smart Investors May be Killing Capitalism
Replies: 44
Views: 3769

Re: Boston Globe: Smart Investors May be Killing Capitalism

The fault with all of these articles (that bash index funds) is that they fail to recognize that you need only a very small proportion of investors to be active in order to have reasonable price discovery. In other words, there is no problem unless almost everyone in an indexer, which will never ha...
by HomerJ
Sun Aug 20, 2017 9:52 am
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 97
Views: 5766

Re: What is Bitcoin?

The Killer App of the blockchain is a digital currency that is decentralized and free from government manipulation. Also free from any government protections. I still think the fact that it is so volatile makes it LESS likely to adopted as another currency. How many retail shops are going to accept...
by HomerJ
Sun Aug 20, 2017 9:22 am
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 97
Views: 5766

Re: What is Bitcoin?

Is TLH feasible with bitcoin? Thanks. Yes, you can TLH Bitcoin. And for everyone saying that they don't hold Bitcoin because it produces nothing of value, that seems to me like not holding transportation companies because the don't make things, or Western Union because wire transfers make no sense ...
by HomerJ
Sun Aug 20, 2017 9:18 am
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 97
Views: 5766

Re: What is Bitcoin?

But based on fundamentals, I would say bitcoin is more predictably scarce. How is this possible when humans can fork off Bitcoin, and more importantly, create new crypto-currencies at will? Good question. They fork off bitcoin to a new cryptocurrency. You can fork off bitcoin and create HomerJCoin,...
by HomerJ
Sat Aug 19, 2017 7:44 pm
Forum: Investing - Theory, News & General
Topic: Irrational Despair?
Replies: 39
Views: 5192

Re: Irrational Despair?

I'm seeing lots of articles like this: 7 signs the stock market is ready to run smack into a wall http://www.marketwatch.com/story/7-signs-the-stock-market-is-ready-to-run-smack-into-a-wall-2017-08-18 Irrational despair seems to be the disorder of the day. Or is it quite rational? Should we sell ev...
by HomerJ
Sat Aug 19, 2017 5:39 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 97
Views: 5766

Re: What is Bitcoin?

Jonathan wrote:
Sat Aug 19, 2017 3:16 pm
But based on fundamentals, I would say bitcoin is more predictably scarce.
How is this possible when humans can fork off Bitcoin, and more importantly, create new crypto-currencies at will?
by HomerJ
Sat Aug 19, 2017 1:35 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 97
Views: 5766

Re: What is Bitcoin?

Nice post. High-quality bitcoin posters, unite! :sharebeer As investors, we want to answer this one too: Why does bitcoin have value? To approach that one, try this technique: Why does gold have value? Gold has been valuable for thousands of years. All gold is currently worth around $7 trillion . G...
by HomerJ
Fri Aug 18, 2017 8:07 pm
Forum: Investing - Help with Personal Investments
Topic: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio
Replies: 45
Views: 9111

Re: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio

Regarding the 401K, is there a reason to keep it rather than roll it to an IRA? Asset protection? I assumed we would roll it over to gain access to better funds and possibly do a ROTH conversion ladder but would like to hear any arguments against doing so. Thanks again for your replies. 401Ks are t...
by HomerJ
Thu Aug 17, 2017 10:38 pm
Forum: Investing - Help with Personal Investments
Topic: Lost $7000 today in ONE DAY!
Replies: 179
Views: 14023

Re: Lost $7000 today in ONE DAY!

Hi everyone, I lost $7000 today in one day. My portfolio is below. Ironically, I've just returned from a store where I was arguing with a cashier over 0.50 cents! Got home and saw that the portfolio went down by $7k... :oops: Should I change the allocation if this kind of downswing bothers me? :con...
by HomerJ
Thu Aug 17, 2017 10:11 pm
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 159
Views: 8677

Re: Is it worth it?

Obviously, both working also is an option, I just don't think it is what is best for the kids and should be done as a last resort. Further, I think the parents are more likely to regret this situation (both working) decades later. Worked fine for us, and no regrets decades later. Three great kids, ...
by HomerJ
Thu Aug 17, 2017 1:15 pm
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 159
Views: 8677

Re: Is it worth it?

If a couple can figure out a way to earn adequate income to afford for one of them to stay home and parent - care for and raise their kids than that is what should happen. No amount of money is worth letting others raise your children. They are only small and need you desperately for a tiny amount ...
by HomerJ
Thu Aug 17, 2017 12:50 pm
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 159
Views: 8677

Re: Is it worth it? [demanding jobs vs time with family]

vk8216 wrote:
Thu Aug 17, 2017 7:09 am
if it would be worth a 50%-80% pay cut.
I can't imagine it would be that huge. There ARE companies out there that pay their good people a ton of money, AND care about life-work balance.

Only really need one of you (either of you) to get a more flexible job to make things a lot easier at home.
by HomerJ
Thu Aug 17, 2017 12:45 pm
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 159
Views: 8677

Re: Is it worth it? [demanding jobs vs time with family]

My husband and I work very demanding jobs (at least 60-70 hours a week) 60-70 hours a week for BOTH parents is too much. It's likely to harm your family. But maybe there are ways you can make it work. Can one spouse work 7-4 and the other one work 9-6? Can both of you work from home late at night a...
by HomerJ
Wed Aug 16, 2017 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: How does one determine their "number" and what exactly does it mean?
Replies: 116
Views: 10375

Re: Hitting "the number" -- when it is enough?

I found that targeting the same "take-home pay" as my last year or two of full-time employment made a lot of sense. Maybe for some people. But it's rather hard to wait until your last year of full-time retirement to come up with a number. You're one of those people who didn't plan much at all, and ...
by HomerJ
Wed Aug 16, 2017 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone planning on never retiring?
Replies: 137
Views: 8982

Re: Anyone planning on never retiring?

Nothing wrong with working forever, if that is what you want. Just be sure to use your financial independence wisely, and minimize the bad parts of working. Me, I can't imagine sitting through some dumb boring 2 hour meeting on a beautiful fall day when I don't have to. Or getting up early to drive ...
by HomerJ
Wed Aug 16, 2017 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: Bitcoin
Replies: 121
Views: 7304

Re: Bitcoin

Two Aussies were convicted of insider trading in the currency markets: http://www.financemagnates.com/forex/analysis/australian-insider-trading-duo-gets-jail-time-after-trading-margin-fx/ Hmmmm, I don't know if that's a great example of "insider trading" per se: Hill had abused his position as a Co...
by HomerJ
Tue Aug 15, 2017 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: How does one determine their "number" and what exactly does it mean?
Replies: 116
Views: 10375

Re: Hitting "the number" -- when it is enough?

There is so much written about retirement goal targets, etc. But when do you really breath easy? $5 million investable assets (not real property) at age 55? $8 million investable assets at age 60? Is $10 million needed to be firmly safe? It's understood a number of factors involved, but some simple...
by HomerJ
Tue Aug 15, 2017 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: Bitcoin
Replies: 121
Views: 7304

Re: Bitcoin

When we look outside of this forum, we can see that investing means laying out money with the intention of obtaining profit. So buying lottery tickets is investing then. And going to Vegas as well. Exactly the same as buying a CD. Not a very useful definition. Reasonable people can rightly say that...
by HomerJ
Mon Aug 14, 2017 4:40 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3799
Views: 997219

Re: U.S. stocks in freefall

sreynard wrote:
Mon Aug 14, 2017 3:39 pm
sco wrote:
Mon Aug 14, 2017 3:28 pm
This FreeFalling makes me happy :)
It doesn't make me happy. Do you get happy when the price of gasoline goes up too? :confused

If I had 800,000 gallons of gas that I planned to sell someday, yes I would be VERY happy when the price of gasoline went up.
by HomerJ
Mon Aug 14, 2017 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Are we house poor? [Property Tax Madness]
Replies: 79
Views: 7897

Re: Are we house poor? [Property Tax Madness]

[Thread updated, see below. --admin LadyGeek] I am living with constant anxiety over our financial situation. Are we saving enough for retirement, or do we need to downsize to a smaller house so we can save money on my property taxes? I've used all kinds of retirement calculators and the results ra...
by HomerJ
Sun Aug 13, 2017 9:43 am
Forum: Personal Finance (Not Investing)
Topic: One more year [to retire]
Replies: 23
Views: 2509

Re: One more year

I find that as I get older, the variety of things I can do other than work (mostly athletic) seems to be declining. I'm very curious what people intend to do in retirement. When I was 20 I thought retirement would be awesome. Now I'm wary of it. I'm pretty sure once I don't have to work, I'll be in...
by HomerJ
Sun Aug 13, 2017 9:40 am
Forum: Personal Consumer Issues
Topic: Where to buy glasses for eclipse viewing ?
Replies: 71
Views: 5379

Re: Where to buy glasses for eclipse viewing ?

You can get 20 for $20 on Amazon

Make sure they are ISO-12312-2 compliant.
by HomerJ
Sat Aug 12, 2017 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: How does personal wealth affect job hunting?
Replies: 57
Views: 6550

Re: How does personal wealth affect job hunting?

My wife quit her high stress, high paying job a few months after we paid off the house.

She "retired", but a year later, a part-time job fell into her lap. She makes 50% of what she used to, but works 1/4 of the hours.
by HomerJ
Fri Aug 11, 2017 10:17 pm
Forum: Personal Consumer Issues
Topic: Elite status clubs that you are part of?
Replies: 31
Views: 3198

Re: Elite status clubs that you are part of?

At 10,000 posts here on Bogleheads, you get a SNL 5-timers jacket.
by HomerJ
Fri Aug 11, 2017 3:19 pm
Forum: Investing - Theory, News & General
Topic: 4% Rule has changed.....not
Replies: 80
Views: 8162

Re: 4% Rule has changed.....not

And of course, nothing is "iron-clad" safe. But 4% along with some common sense is an amazingly secure place to be. If you substitute "historically has been an amazingly secure place" for "is an amazingly secure place" I'll of course go along. Otherwise it is just a prediction with only (IMHO) a re...
by HomerJ
Fri Aug 11, 2017 1:31 pm
Forum: Investing - Theory, News & General
Topic: 4% Rule has changed.....not
Replies: 80
Views: 8162

Re: 4% Rule has changed.....not

I consider 2.5% to be my number as well. That being said, what if it really is all just a bubble and markets crash just before retirement (I'm 57) and the number at retirement is now 4% (because your nest egg shrank)? Would you feel comfortable, or would you adjust your lifestyle downward by 1/3 so...
by HomerJ
Fri Aug 11, 2017 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: "Upper Middle" Class - ditch WLI or ride it?
Replies: 32
Views: 5540

Re: "Upper Middle" Class - ditch WLI or ride it?

livesoft wrote:I've never bought life insurance because I never needed it.
Had kids late in life?
by HomerJ
Fri Aug 11, 2017 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Tesla - next big lottery ticket ?
Replies: 167
Views: 15229

Re: Tesla - next big lottery ticket ?

TomatoTomahto wrote:Anecdata (n=1): I made my deposit on my Model X a full year before I even knew about the $7500 credit. It didn't affect my decision at all
Yeah, well, you're a billionaire or something... :)
by HomerJ
Fri Aug 11, 2017 9:57 am
Forum: Investing - Theory, News & General
Topic: 4% Rule has changed.....not
Replies: 80
Views: 8162

Re: 4% Rule has changed.....not

Why give up growth when we should know that bear markets are highly unlikely to last more than 36 months? Two reasons: (1) At some point, one has "enough", and doesn't need more growth. (2) Because "highly unlikely" doesn't equal "never". (2a) And the sample size is too small really to even know if...
by HomerJ
Fri Aug 11, 2017 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Struggling with Justifying an Expensive Car Purchase
Replies: 120
Views: 5659

Re: Struggling with Justifying an Expensive Car Purchase

I think the OP is too BH :shock: You can afford it, go ahead and splurge. Tomorrow I am going to put down a deposit for a special order Mercedes going for $165k. Even more silly at my age. You only live once. Looking back over my 73 years, my rules-of-thumb have been, since the 1970s: Never buy a h...
by HomerJ
Fri Aug 11, 2017 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Struggling with Justifying an Expensive Car Purchase
Replies: 120
Views: 5659

Re: Struggling with Justifying an Expensive Car Purchase

Given the numbers above, is this a sound plan when trying to make a large purchase? Imagine it’s not a car if that helps you. Yes, you are fine. Look, I did the same thing around the time we crossed $1 million investable assets and a paid off house, except I bought a boat (pontoon) and jetski. I th...
by HomerJ
Fri Aug 11, 2017 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Struggling with Justifying an Expensive Car Purchase
Replies: 120
Views: 5659

Re: Struggling with Justifying an Expensive Car Purchase

Financially you're doing great and can probably afford either. Just remember lifestyle creep is hard to roll back. I am also looking to replace my car in the next 1 to 2 years and struggle finding that balance. One you're used to $70k car and your wife's car needs replaced, that $35k car will seem ...
by HomerJ
Fri Aug 11, 2017 1:07 am
Forum: Personal Finance (Not Investing)
Topic: Struggling with Justifying an Expensive Car Purchase
Replies: 120
Views: 5659

Re: Struggling with Justifying an Expensive Car Purchase

We take a lot of "road-trip" types of vacations, and we're kind of tired of doing it in compact economy cars. Those things hurt you when you're driving for 12 hours or more a day, not to mention having to cram a bunch of stuff in a limited cargo area. Both SUVs would be an improvement, but one woul...
by HomerJ
Thu Aug 10, 2017 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Struggling with Justifying an Expensive Car Purchase
Replies: 120
Views: 5659

Re: Struggling with Justifying an Expensive Car Purchase

Also using the metric of spending more than daily change in your investment portfolio ($600K) value on your car purchase, you do not qualify for $70K car but you already knew that before asking it here. Yeah, um... that's a livesoft "metric". More like a humble brag. No one should really take that ...
by HomerJ
Thu Aug 10, 2017 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: I pay $6K in rent. Am I an idiot for not buying?
Replies: 50
Views: 6388

Re: I pay $6K in rent. Am I an idiot for not buying?

What percentage of your income is going to housing? It may not be a good idea to spend that much -- regardless of whether it is rent or mortgage -- if it is interfering with your ability to save or otherwise live comfortably. On the other hand, it may not be a problem if you are saving and comforta...
by HomerJ
Thu Aug 10, 2017 5:36 pm
Forum: Investing - Theory, News & General
Topic: 4% Rule has changed.....not
Replies: 80
Views: 8162

Re: 4% Rule has changed.....not

They sell annuities. Of course they want to sow fear of running out of money. The video makes the point (and I think it's valid as far as it goes) that in a scenario where the stock market has a bear-market loss (20% or so) three or four years in a row at the start of retirement, a straight 4%-plus...
by HomerJ
Thu Aug 10, 2017 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Struggling with Justifying an Expensive Car Purchase
Replies: 120
Views: 5659

Re: Struggling with Justifying an Expensive Car Purchase

caffeperfavore wrote:Having a cheaper car can be kind of liberating.
Some teenager hit me in the parking lot a few years back when I was driving my old Civic. Small dent and a scratch. Poor girl was having a heart attack.

Made me very happy that I could tell her "Don't worry about it".
by HomerJ
Thu Aug 10, 2017 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Struggling with Justifying an Expensive Car Purchase
Replies: 120
Views: 5659

Re: Struggling with Justifying an Expensive Car Purchase

If I chose to buy the more expensive car, I'd reduce my own monthly "fun" budget over a number of years in order to virtually pay for the difference out of my own bucket myself, since I feel that it would be my decision to splurge on a car that I'd want to drive (wife couldn't care less about cars,...
by HomerJ
Thu Aug 10, 2017 11:31 am
Forum: Investing - Help with Personal Investments
Topic: Tesla - next big lottery ticket ?
Replies: 167
Views: 15229

Re: Tesla - next big lottery ticket ?

This is what Ballmer said in 2007: "I said that is the most expensive phone in the world. And it doesn't appeal to business customers because it doesn't have a keyboard. Which makes it not a very good email machine. ... Right now, we're selling millions and millions and millions of phones a year. A...
by HomerJ
Wed Aug 09, 2017 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 16320

Re: Life at crossroads. What would you do ?

Been to a dozen "new tech" interviews and been turned down everywhere. To me, this is the real problem. 12 interviews and no job? You need to improve your interview skills. If you lacked the proper background, you wouldn't get the interviews in the first place. Since you are getting them, your prob...
by HomerJ
Wed Aug 09, 2017 8:25 pm
Forum: Investing - Theory, News & General
Topic: 4% Rule has changed.....not
Replies: 80
Views: 8162

Re: 4% Rule has changed.....not

True, but for a 70-year-old, 40 years is a really long time. If I'm lucky enough to celebrate my 110th birthday, I won't care much if I'm broke. Fair enough I didn't notice the 70 in there. :) How would that have worked for someone born in 1896...who turned 70 in 1966, just as inflation took off, a...
by HomerJ
Wed Aug 09, 2017 3:00 pm
Forum: Personal Consumer Issues
Topic: Retire early, live abroad until 65 and come back
Replies: 72
Views: 7973

Re: Retire early, live abroad until 65 and come back

I have booked flight next month to re-visit Prague, Vienna and Budapest. Fly in Amstasterdam and rent a car through Berlin, then heading south into Aus-Hungarian land. Any suggestions? How much of your yearly $30k budget is this trip going to cost you? Free flight frm Chase Reserve Card. $900 round...
by HomerJ
Wed Aug 09, 2017 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 16320

Re: Life at crossroads. What would you do ?

Isn't Fargo the same city that gets portrayed in movies and TV serials repeatedly as a desolate frozen tundra full of humorless people with funny accents many of who are serial killers and gangmembers dreaming of new schemes for grim murders like shoving you alive in a wood chipper or gluing your m...
by HomerJ
Wed Aug 09, 2017 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 16320

Re: Life at crossroads. What would you do ?

I too am a non-US person living in the Bay Area for over 20 years now and I've traveled around the US. There are only a few places in the US that I would consider living for the long term. So, I understand the OP's reluctance to move elsewhere. It's hard to consider living somewhere with fewer amen...
by HomerJ
Wed Aug 09, 2017 1:57 pm
Forum: Investing - Theory, News & General
Topic: 4% Rule has changed.....not
Replies: 80
Views: 8162

Re: 4% Rule has changed.....not

They sell annuities. Of course they want to sow fear of running out of money. The video makes the point (and I think it's valid as far as it goes) that in a scenario where the stock market has a bear-market loss (20% or so) three or four years in a row at the start of retirement, a straight 4%-plus...
by HomerJ
Wed Aug 09, 2017 12:21 pm
Forum: Personal Consumer Issues
Topic: Retire early, live abroad until 65 and come back
Replies: 72
Views: 7973

Re: Retire early, live abroad until 65 and come back

WhiteMaxima wrote:I have booked flight next month to re-visit Prague, Vienna and Budapest. Fly in Amstasterdam and rent a car through Berlin, then heading south into Aus-Hungarian land. Any suggestions?
How much of your yearly $30k budget is this trip going to cost you?