Search found 315 matches

by Enzo IX
Fri Sep 10, 2021 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab Pinnacle Status
Replies: 120
Views: 19235

Re: Schwab Pinnacle Status

Ok Googling got me this: https://www.pinnaclewealthmanagementri.com/charles-schwab/pinnacle-wealth-management-relationship/ "Our Relationship with Charles Schwab We deal with Schwab behind the scenes so our clients do not have to." Again, this may be something different. I just want some fees waived. I’m not looking for wealth management. Pinnacle is an asset level of $1 million or greater and Chairman’s circle is $10 million or greater. They are not the same as having an advised fee based service. This is not an advised service nor a fee-based asset management service. Sounds like people are confusing this with their asset management services which can be Schwab private client based or outside advisors such as pinnacle wealth ma...
by Enzo IX
Sun Feb 07, 2021 4:53 pm
Forum: Investing - Theory, News & General
Topic: Retirees: How typical am I?
Replies: 82
Views: 8798

Re: Retirees: How typical am I?

I have not been typical in retirement. I have been retired 22 years, living off of Social Security and investments only. I know exactly how much I have taken out each year....an average of 4.35% annual withdrawal. (As an engineer and manufacturing manager, numbers were always important so carrying on into personal savings, investments and spending was simple.) My investment stock allocation started at 56% at retirement in 1998, but my average stock allocation for the last 17 years was 25% to 30%. My investment balance today is 53% higher than 22 years ago. 22 years is a significant amount of time. Checking with on-line inflation calculator inflation since 1999 is 55.3%. Ah inflation, the biggest hidden wealth destructor we all face and for...
by Enzo IX
Sat Feb 06, 2021 2:30 pm
Forum: Investing - Theory, News & General
Topic: Retirees: How typical am I?
Replies: 82
Views: 8798

Re: Retirees: How typical am I?

I have not been typical in retirement. I have been retired 22 years, living off of Social Security and investments only. I know exactly how much I have taken out each year....an average of 4.35% annual withdrawal. (As an engineer and manufacturing manager, numbers were always important so carrying on into personal savings, investments and spending was simple.) My investment stock allocation started at 56% at retirement in 1998, but my average stock allocation for the last 17 years was 25% to 30%. My investment balance today is 53% higher than 22 years ago. That to me seems like a well constructed portfolio considering the above 4% average withdrawal rate, going through two severe bear martkets, as well as increasing the portfolio 53% to bo...
by Enzo IX
Mon Jan 11, 2021 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Letter From the IRS
Replies: 20
Views: 2637

Re: Letter From the IRS

You could sign up for an online account with the IRS. You will see your account with all the debits and credits for the year. The $3,300 will show and the remaining owed will be the interest and penalty on the $3,300. Pay the difference and everything should be fine. Going to check that suggestion out. Thanks! I have Google Fi (and two Google Voice numbers, separately from the Fi service), TracFone, and T-mobile Prepaid... and couldn't create an IRS account using any of those. So it was the USmail process for me and I'm still waiting. But it then says I'll need a US-based phone once I get my verification code via email, so I'm not sure if any of my phones will work for that, either. Same happened to me, IRS didn't recognize my cellphone nu...
by Enzo IX
Mon Jan 11, 2021 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Letter From the IRS
Replies: 20
Views: 2637

Re: Letter From the IRS

You could sign up for an online account with the IRS. You will see your account with all the debits and credits for the year. The $3,300 will show and the remaining owed will be the interest and penalty on the $3,300. Pay the difference and everything should be fine.
by Enzo IX
Sat Dec 26, 2020 2:13 pm
Forum: Investing - Theory, News & General
Topic: How many years of expenses to keep in safe assets?
Replies: 102
Views: 14705

Re: How many years of expenses to keep in safe assets?

I used to use a traditional set percentage stock/bond strategy, but as my net worth has grown as well as the shorter lifespan each day, I moved to a rising glide path method.

I currently am moving to the LMP method of putting aside a set dollar amount based on yearly living expenses times number of years. It's still a work in process and haven't set the number of years in stone yet.

With interest rates so low and a total market dividend yield higher than treasury rates, I'm having a hard time leaving millions of dollars sitting in bonds losing inflation adjusted value just for an imaginary safety.
by Enzo IX
Fri Dec 04, 2020 12:32 am
Forum: Investing - Theory, News & General
Topic: Warren Buffett: "Don’t Invest This Way"
Replies: 38
Views: 5345

Re: Warren Buffett: "Don’t Invest This Way"

WB is that the guy that just bought a ton of Pfizer stock. I question the ethics behind buying a company that will be supplying a vaccine during a pandemic. It is a genius business move, but based off the stats we have been seeing it seems like he is essentially preying upon an aging and/or vulnerable segment of the population. Pfizer didn't need WB's money to make a vaccine. I previously always respected and enjoyed him as a speaker but all respect is out the door for the guy. I pray at 90 years old I don't try to make money off my fellow human beings in a pandemic. He is not the most revered investor in the world because he's a nice guy. He's a cold-blooded business man with a hokey exterior. This month's Bogleheads podcast touches on ju...
by Enzo IX
Fri Nov 20, 2020 8:24 pm
Forum: Investing - Theory, News & General
Topic: How to control spending if you only live off of dividends but dividends are uneven?
Replies: 43
Views: 3506

Re: How to control spending if you only live off of dividends but dividends are uneven?

Seasonal wrote: Fri Nov 20, 2020 8:13 pm Spend less than annual dividends, have a cash cushion (money market or short-term bonds), be prepared to sell something if needed.
I have a set fixed amount I draw out every month. If you look at last years distributions you will get a good handle on what each quarters payout will be for this year. Then as described above keep a little float in the mm sweep account if need be for the lean quarters.

I have been doing this for the last 17 years and haven't sold a share yet because of need. All unused distributions get reinvested for future cashflow and capital appreciation. Dividends each year usually goes up faster than the increase in next years draw.
by Enzo IX
Mon Nov 16, 2020 1:55 pm
Forum: Personal Investments
Topic: How many years in fixed income if I won the game with 62x yearly expenses
Replies: 56
Views: 8341

Re: How many years in fixed income if I won the game with 62x yearly expenses

Don't think you need advice, you are doing a great job on your own.

Now go out a get that Ferrari 458 convertible you always wanted. :happy
by Enzo IX
Tue Nov 03, 2020 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Overstretched and under contract for 1.3M house.. should I back out?
Replies: 79
Views: 13097

Re: Overstretched and under contract for 1.3M house.. should I back out?

You can afford the house, especially with your liquid net worth. To me owning my own house carries a considerable amount of personal satisfaction.

Seattle real estate has in the past been a very good investment and will probable continue to do so even with the bad rap on the national news recently.

In ten years the house will probably be worth 1.7 to 1.9 million.
by Enzo IX
Sat Oct 31, 2020 1:49 pm
Forum: Personal Consumer Issues
Topic: Honda CRV, Toyota Rav4 or Subaru Forrester
Replies: 48
Views: 5006

Re: Honda CRV, Toyota Rav4 or Subaru Forrester

Thanks everyone for the all the helpful replies, it looks like all three are good choices.

As suggested she is just gonna have to spend a day and test drive all three, after all it is her that will have to drive the vehicle everyday not me.
by Enzo IX
Fri Oct 30, 2020 3:46 pm
Forum: Personal Consumer Issues
Topic: Honda CRV, Toyota Rav4 or Subaru Forrester
Replies: 48
Views: 5006

Re: Honda CRV, Toyota Rav4 or Subaru Forrester

Thanks for all the input so far. I like the Toyota's conventional 8 speed transmission rather than the CVT transmission, my thought is that the Rav4's transmission might last longer but I don't have any knowledge of that.

She drives alot for business, like 30k a year.
by Enzo IX
Fri Oct 30, 2020 2:17 pm
Forum: Personal Consumer Issues
Topic: Honda CRV, Toyota Rav4 or Subaru Forrester
Replies: 48
Views: 5006

Re: Honda CRV, Toyota Rav4 or Subaru Forrester

I strongly recommend you go test drive them all. 2 years ago, my mom (early 80's) was looking to buy a Subaru and "from the internet" was sure she wanted a Forester. I met her at the dealer and she had already ruled out the Forester. To her, it felt too big. We checked out a Crosstrek (what I would have thought she'd choose) and a Legacy. She bought a Legacy premium, disliking the "start" button and extra tech in the limited. I could link a video showing a new Crosstrek Sport getting up a steep, rocky hill and a CR-V hopelessly spinning only the front wheels, but if you don't drive in snow or off road, you wouldn't likely care. Ah, here it is: https://www.youtube.com/watch?v=KL7tFtfFVEw&feature=emb_logo&ab_chann...
by Enzo IX
Fri Oct 30, 2020 1:30 pm
Forum: Personal Consumer Issues
Topic: Honda CRV, Toyota Rav4 or Subaru Forrester
Replies: 48
Views: 5006

Honda CRV, Toyota Rav4 or Subaru Forrester

Out of the above 3 choices, which car do you people prefer or have experiences with both good and bad, I have little experience with any of them other than YouTube videos.

It would be a daily driver for a middle aged woman.
by Enzo IX
Thu Sep 24, 2020 1:38 pm
Forum: Personal Consumer Issues
Topic: Defective asphalt driveway, best course of action?
Replies: 8
Views: 841

Re: Defective asphalt driveway, best course of action?

Without seeing the project, it looks like you got a bad patch of asphalt from the plant, or the contractor didn't adequately compact the mix.

Once cool it doesn't get better with age or cure like concrete. In road construction you can run on it on that same day.

How thick did he lay it?
by Enzo IX
Mon Sep 21, 2020 3:01 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 36221
Views: 4684266

Re: U.S. stocks in free fall

Watched QQQ for months and dediced to buy some end of last week. I wouldn't be surprised if we get a 2nd dotcom crash at this point. Market is always tryining to make me suffer. Good to know. If technology goes down 80% - you'll be banned from Bogleheads. :mrgreen: Stef capitulated out of small-value before making this trade, so there is a hedge out there for those Stef-contrarians. That is too harsh. I didn't actually capitulate out of SCV. I just stopped believing in the premium after reading the newest Fama French paper from January 2020. I didn't really sink in till the corona crash. This is different now. I'm not really betting on tech to outperform (eventhough I believe it will be the case for the next 2 decades), I'm just adjusting ...
by Enzo IX
Fri Sep 18, 2020 12:14 am
Forum: Investing - Theory, News & General
Topic: any lessons to remember from dot com bubble?
Replies: 21
Views: 2631

Re: any lessons to remember from dot com bubble?

Don't get greedy on high multiple small cap tech stocks, if you hold on too long you might lose all your gains and then some.

Especially the ones that don't have and E in the P/E.
by Enzo IX
Tue Sep 15, 2020 2:21 pm
Forum: Personal Investments
Topic: Struggling Over whether to Sell my Tesla Stock
Replies: 74
Views: 7895

Re: Struggling Over whether to Sell my Tesla Stock

I sold my shares a week or two ago, got a quick double in a couple of months work.

My original plan was to hold for ten years or so and see where this goes, but it just went crazy and the stock chart went vertical.

I still believe in the company's long term potential but one can pay too much for anything.

Hoping for a substantial correction to buy back in. I'm gonna get a bad case of FOMO if it doesn't pull back in.
by Enzo IX
Tue Sep 15, 2020 12:12 am
Forum: Personal Investments
Topic: Anyone successfully living off dividends & interest?
Replies: 204
Views: 27298

Re: Anyone successfully living off dividends & interest?

Very few doctors meet this criterion. (I'm a doctor.) Engineers' (stretch) goal is $5MM and $10MM for doctors. There are two things in favor of medical doctors, higher earnings and (far) more secure employment prospect. Another factor: experience, aka age, also counts favorably for doctors. The two big hurdles for physicians are huge student loans and the potentially strong motivation to live the very expensive 'doctor's lifestyle'. Many won't reach a zero net worth until they're in their mid 30s, some even later. They also start earning good money around 30-32. So have fewer years for compounding.... I’d be interested to know what proportion of engineers get to $5M. I won’t, and I make very good money. I just won’t bother working long eno...
by Enzo IX
Fri Sep 11, 2020 2:27 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 36221
Views: 4684266

Re: U.S. stocks in free fall

At least the market is broadening out of tech, making the overall market fall less.

The tech momentum people are having to make some hard decisions; buy, sell, or hold.
by Enzo IX
Sat Sep 05, 2020 10:48 pm
Forum: Personal Investments
Topic: Wife is "forcing" me to buy stock(s)
Replies: 112
Views: 11347

Re: Wife is "forcing" me to buy stock(s)

I'm biased but Ferrari (RACE} has done really well since it went public. Overlay the performance with the SP 500 since inception.
by Enzo IX
Fri Sep 04, 2020 11:42 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 36221
Views: 4684266

Re: U.S. stocks in free fall

This technology bubble was kind of easy to see, felt like a mini 1999. Better it happen now, then let it get too big and really mess up future returns. Think of the lost decade after 1999. Easy to say? Like 1999? Please share your insight on how you came to this conclusion. Just my opinion but, too many people talking about how much money they were making in the stock market on a daily basis, investors day trading based on upward price momentum only, one electric vehicle company had a market cap bigger than Ford and they haven't even produced one car yet people using leverage to buy stocks, breadth of the market was terrible, etc. Bottom line is the market is the market and it will do what it does, bubble might be tad much, but I think tec...
by Enzo IX
Fri Sep 04, 2020 10:47 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 36221
Views: 4684266

Re: U.S. stocks in free fall

This technology bubble was kind of easy to see, felt like a mini 1999.

Better it happen now, then let it get too big and really mess up future returns. Think of the lost decade after 1999.
by Enzo IX
Fri Sep 04, 2020 1:54 am
Forum: Personal Consumer Issues
Topic: To Join a Gym or Not After 70? Type of Gym? Are Fitness Goals Achievable?
Replies: 70
Views: 5663

Re: To Join a Gym or Not After 70? Type of Gym? Are Fitness Goals Achievable?

When I was training Brazilian jiujitsu a young man complemented me by saying, "You're strong".

I said, "For my size?'

He said, "For any size."

Old man muscle rules.
by Enzo IX
Fri Sep 04, 2020 1:47 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 36221
Views: 4684266

Re: U.S. stocks in free fall

It was much needed, hope it falls fast and hard, flush out all the easy money day traders.
by Enzo IX
Wed Sep 02, 2020 12:47 pm
Forum: Investing - Theory, News & General
Topic: Ark Funds
Replies: 198
Views: 33845

Re: Ark Funds

They are probably gonna fall victim to the dreaded asset bloat.

The hot hand attracts a boatload of new money, and the fund needs to deploy leading to future underperformance.
by Enzo IX
Fri Jul 31, 2020 3:10 pm
Forum: Investing - Theory, News & General
Topic: What would it take to cause a QQQ Collapse?
Replies: 85
Views: 10321

Re: What would it take to cause a QQQ Collapse?

Nothing, Pepsi will hold it up.
by Enzo IX
Fri Jul 31, 2020 3:03 pm
Forum: Investing - Theory, News & General
Topic: Tesla becomes most valuable car company in the world
Replies: 396
Views: 44383

Re: Tesla becomes most valuable car company in the world

This is a chart from a Twitter account that is KNOWN to bait TSLA bears and ply them with false or misleading information. Saw on Fox business channel this morning that Tesla's 2nd quarter good performance was not because of increased sales but on reduced expense as the chart shows. The main reason for their lower 2nd quarter reduced expenses was largely due to it stopping rent payments on their pricey showrooms. Google "tesla not paying rent" Example: "Tesla pays half of $700K-a-month showroom rent during coronavirus pandemic" https://www.foxbusiness.com/markets/tesla-coronavirus-pays-half-700k-month-rent. That's $700,000 on just one showroom. They needed 4 quarters of positive earnings to quality for the S&P 500. ...
by Enzo IX
Wed Jul 15, 2020 2:39 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 22381
Views: 2139318

Re: U.S. stocks continue to soar!

Glad to see the market broaden to besides a handful of mega tech stocks.
by Enzo IX
Wed Jul 15, 2020 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Tesla Model 3/Tesla financial performance
Replies: 58
Views: 5169

Re: Tesla Model 3/Tesla financial performance

When we see chargers built in carports and garages of apartment complexes, I know EV and Tesla is on it's way.
by Enzo IX
Mon Jul 13, 2020 1:24 pm
Forum: Investing - Theory, News & General
Topic: Tesla becomes most valuable car company in the world
Replies: 396
Views: 44383

Re: Tesla becomes most valuable car company in the world

hagridshut wrote: Mon Jul 13, 2020 1:07 pm With so much room to grow in a world that is shifting away from fossil fuels and towards electricity generated by non-combustion sources, I think it is possible, though not guaranteed, that Tesla grows from a 300B company today, into a 1.5+ Trillion company like Amazon or Apple.
If they can hit on all cylinders, and their comparative advantages are real, not unreasonable and more.
by Enzo IX
Fri Jul 03, 2020 1:03 pm
Forum: Investing - Theory, News & General
Topic: Tesla becomes most valuable car company in the world
Replies: 396
Views: 44383

Re: Tesla becomes most valuable car company in the world

I drank the KoolAid I bought the stock right after he launched his rocket into space. It is the first individual stock I have bought since the 1999 tech bubble, and switched all my holdings to index funds investing.

Bought just enough to make to interesting if it 10x's in 10 years.
by Enzo IX
Tue Jun 30, 2020 11:44 am
Forum: Personal Investments
Topic: Rental properties: best-performing asset class in 2020?
Replies: 55
Views: 3225

Re: Rental properties: best-performing asset class in 2020?

Some of the wealthiest people I know made their fortune off of real estate. Most of them started small with single family real estate, then as they learned the business, moved to commercial real estate.

They did this starting with basically nothing and built their holdings, in a relatively short time frame, ie. 20-25 years.

As much as I like the ease and benefits of index fund investing, as far as wealth building goes, IMHO it does not come close to the wealth building power of real estate. As the OP stated it is because of the huge leverage most people use.
by Enzo IX
Fri Jun 19, 2020 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Job burnout - Keep grinding or change?
Replies: 78
Views: 13617

Re: Job burnout - Keep grinding or change?

The key as everyone has already stated is that you need to lower the anxiety and stress.

One method I don't think anyone has mentioned is meditation, it helped me in numerous ways.

If you try this it will take awhile so don't give up thinking that it doesn't work, start small and build up the time and stay consistent.
by Enzo IX
Tue Jun 16, 2020 4:29 pm
Forum: Personal Consumer Issues
Topic: Best watch for $5,000+
Replies: 166
Views: 22880

Re: Best watch for $5,000+

Rumor has it the Rolex Hulk is going to be discontinued in 2021, when I heard this i was tempted to buy one while they had some at Bob's Watches but I didn't because I don't like spending discretionary monies while in a down market.

I guess down the road if I want one, I will just have to pay up for one.
by Enzo IX
Thu Jun 11, 2020 12:25 pm
Forum: Personal Consumer Issues
Topic: Car Condos
Replies: 9
Views: 885

Re: Car Condos

I called on one near me last year. They were completely sold out, in good times there seems to be good demand.
by Enzo IX
Wed Jun 10, 2020 1:38 pm
Forum: Investing - Theory, News & General
Topic: Market Bubble
Replies: 39
Views: 2789

Re: Market Bubble

Not really liking the divergence with the Nasdaq from the rest of the market.
by Enzo IX
Wed Jun 10, 2020 1:32 pm
Forum: Personal Consumer Issues
Topic: What fun car should I get in the $150k - $200k range?
Replies: 499
Views: 41424

Re: What fun car should I get in the $150k - $200k range?

Jumping in late, but in the range you are looking at, my taste would be Porsche 991 turbo s, Porsche 991 gt3 rs, Porsche 991.2 gt3, Ferrari 458, Ferrari 488. Strictly on the doubletake factor, good and bad, the Ferrari 458 is hard to beat. You just don't see very many of them where I live. The sound of a N/A Ferrari at 9000 rpm is a thrill. Styling is subjective but I think of the Pinnifarina designed Ferraris as art. Make sure you get a Ferrari powertrain warranty if you go that route, if you have a catastrophic failure it will really ruin your experience. One good thing is the 458 is getting really close to the bottom of the depreciation curve and will with time slowly go up in price as long as you keep the mileage down. One of my daily d...
by Enzo IX
Fri May 22, 2020 2:20 pm
Forum: Investing - Theory, News & General
Topic: S&P500 vs World Performance
Replies: 236
Views: 24749

Re: S&P500 vs World Performance

Maybe the developed countries on the other side of the pond, though evolution of their societies have lost their competitive advantage. I remember when I needed a camshaft after a catastrophic failure :dollar in my Rossa Corsa Italian sports car, the dealer said he couldn't get one because Italy shuts down for basically one month in the summer and nothing gets done. That doesn't sound like a strategy that competes well against more developing countries in the longterm. Secondly, I remember in another post when this subject periodically comes up, a poster suggested that the x-us funds, since they are not single country funds get clobbered each year because there is always one country's problem that brings the rest of them down. I thought tha...
by Enzo IX
Wed May 20, 2020 4:03 am
Forum: Investing - Theory, News & General
Topic: S&P500 vs World Performance
Replies: 236
Views: 24749

Re: S&P500 vs World Performance

SethJane42 wrote: Sun May 17, 2020 8:17 am
Triple digit golfer wrote: Sun May 17, 2020 7:21 am
helloyou wrote: Sun May 17, 2020 6:03 amI was wondering if the obvious geographic diversification benefit of the VT outweighs its lower performance over the SPY?
Yes it does, because diversification will remain but the outperformance may not.
I only have so much time on earth left. I'll stick with the overwhelming winner, the S&P 500 Index fund, until it's not the winner. Diversification is good to a point. One must never lose one's critical thinking skills over a dogmatic rule.
Hard to dispute this fact. I myself am becoming impatient with international, how long does one have to wait with emerging markets to see a risk premium to show up? I like everyone else is on a limited time schedule.
by Enzo IX
Mon May 18, 2020 2:52 am
Forum: Investing - Theory, News & General
Topic: Dividend vs Total Return question
Replies: 66
Views: 3683

Re: Dividend vs Total Return question

Dividends come out ahead. Volatility matters. If the dividends aren’t cut during the downturn, you can simply ignore it. So the dividend investor spent only his dividends. If there is a serious downturn of, lets pretend 50%, the capital appreciation investor is now burning through his money at double the rate. [/quote That's the way I think, for the dividend investor the stock price went down by only the book value of the dividend distribution. In a bear market, the market puts a lower value for a company's BtM valuation temporarily (goodwill in the private sector). Total return investor sells shares to pay bills at the lower temporary valuation, permanently reducing shares at a 50% discount. Crisis is over, BtM goes back up to previous va...
by Enzo IX
Sun May 10, 2020 3:04 pm
Forum: Personal Consumer Issues
Topic: BJJ -martial art
Replies: 58
Views: 4454

Re: BJJ -martial art

Great martial art, basically ne waza from judo but refined and advanced though evolution. It was the one martial art that I trained where I thought it would be extremely effective in a real self defense situation. The main reason is that when you spar(roll), unless you specify you want to roll light, the students are training at nearly full capacity. If you get caught you have limited choices; you tap, go to sleep, or something snaps. The energy expended in a 90 minute session is very high if you are not sandbagging. I heard upwards of 1000 calories, I know when I trained my undershirt and Gi were sopping wet. Definitely a total body workout especially the abs fighting from the guard. I started back in 1999, but never stuck with it, take a ...
by Enzo IX
Tue May 05, 2020 6:21 pm
Forum: Investing - Theory, News & General
Topic: Who is your all time favorite investor and why?
Replies: 52
Views: 3625

Re: Who is your all time favorite investor and why?

Mr. Bogle for sure, he changed the whole investing landscape with the index fund revolution, gave the common man a fighting chance against the big boys.

Major cause of the stockbroker industry collapse, no more cold calling the customer rolodex list with the hot stock of the month. Two percent on the buy and two percent on the sell. Those were the days.
by Enzo IX
Mon Apr 27, 2020 7:52 pm
Forum: Investing - Theory, News & General
Topic: ??? Thomas Stanley - Stop Acting Rich book
Replies: 121
Views: 15325

Re: ??? @Thomas Stanley - Stop Acting Rich book

I come from the road construction heavy equipment field, but I bet some of those green John Deere tractors run at least a half a million a piece with accessories.

All you need are a couple of those with the value of the real estate and viola, instant multimillionaire.
by Enzo IX
Sun Apr 19, 2020 2:52 pm
Forum: Investing - Theory, News & General
Topic: Munger/Buffett on riding out the storm
Replies: 76
Views: 12152

Re: Munger/Buffett on riding out the storm

Buffett and Munger did ride their boat into two of the biggest waves in the typhoon, airlines and oil industry, they could be still shaking off the concussion.
by Enzo IX
Thu Apr 16, 2020 10:57 pm
Forum: Investing - Theory, News & General
Topic: Head Fakes and Dead Cats .. your thoughts on the rally?
Replies: 386
Views: 38296

Re: Head Fakes and Dead Cats .. your thoughts on the rally?

dmcmahon wrote: Thu Apr 16, 2020 6:45 pm

I don't even consider 10-20% drops unusual. I yawned through the late-2018 drop of 20%. But 50% drops get my attention, and frankly that is what this one was poised to do, or worse. Only the Fed's actions staved it off. Recession? Try a depression. What's sad is that we've now been put through three 50% drops in just 2 decades (I'll count this one, even though it "only" dropped 35%). Age of uncertainty.
Reminds me of where I live it rains a lot and some of the local rivers rise and go over the banks and floods local houses. They keep calling them 100 year floods. Well we sure are getting an awful lot of 100 year floods.
by Enzo IX
Thu Apr 16, 2020 2:04 pm
Forum: Investing - Theory, News & General
Topic: QQQ as a core holding
Replies: 23
Views: 3989

QQQ as a core holding

I know I'm looking through the rearview mirror, however the recent and long-term outperformance of this index is compelling. I'm not talking a lot but maybe a 10% equity allocation.

Does anyone use the QQQ's as a core long-term holding in their portfolio. Any thoughts?
by Enzo IX
Wed Apr 15, 2020 6:17 pm
Forum: Investing - Theory, News & General
Topic: Retirees: what are you doing with all the home equity?
Replies: 117
Views: 9512

Re: Retirees: what are you doing with all the home equity?

House is paid for, it's part of my Plan "B", so I don't end up under the bridge. I will not participate in the I'm mortgaging the house if the market really tanks discussions.

It is allowing me to increase my equity allocation for a person of my age, and hopefully receive the equity risk premium.
by Enzo IX
Wed Apr 15, 2020 6:08 pm
Forum: Investing - Theory, News & General
Topic: Future 60/40 Portfolio has a 43% Chance of Failing with 4% Withdrawal Rate
Replies: 622
Views: 41260

Re: Future 60/40 Portfolio has a 43% Chance of Failing with 4% Withdrawal Rate

We are just going to have to increase equity percentages if we want to withdraw the 4% a year.