Search found 255 matches

by BlackStrat
Thu Aug 02, 2018 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Car price ratio to NW
Replies: 68
Views: 2953

Re: Car price ratio to NW

I can remember buying my current car 21 years ago and the salesman asked me, 'how much can you afford a month'?

Even then I knew that question was completely invalid and had nothing to do with purchasing a vehicle.
by BlackStrat
Fri Jul 13, 2018 7:54 am
Forum: Investing - Help with Personal Investments
Topic: How to help parents "see the light" with index investing?
Replies: 17
Views: 1448

Re: How to help parents "see the light" with index investing?

If you tell them anything - keep it short and simple: costs and fees are the only thing we can control when it comes to the market The safe withdrawal rate (SWR) for a portfolio to survive a 30-year retirement is around 4%. 1%+ in fees means you're immediately removing 25%+ from your yearly SWR and ...
by BlackStrat
Thu Jul 12, 2018 8:26 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 318
Views: 27859

Re: Got my Ruth's Chris seminar invitation, "Surviving Retirement"

Equity indexed, to be precise. You know the kind...where you get "the stock market return with none of the risk". Don't get too excited when they show you the chart comparing their equity indexed annuity's performance with the S&P500...spoiler alert: the chart they show you of the S&P500 index fund...
by BlackStrat
Wed Jul 11, 2018 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 318
Views: 27859

Re: Got my Ruth's Chris seminar invitation, "Surviving Retirement"

Equity indexed, to be precise. You know the kind...where you get "the stock market return with none of the risk". Don't get too excited when they show you the chart comparing their equity indexed annuity's performance with the S&P500...spoiler alert: the chart they show you of the S&P500 index fund...
by BlackStrat
Wed Jun 13, 2018 10:17 am
Forum: Investing - Theory, News & General
Topic: [favorite] Boglehead quotes
Replies: 103
Views: 14630

Re: [favorite] Boglehead quotes

Here's a quote I've seen around here that I believe is attributed to Warren Buffett:

"A bull market is like sex. It feels best just before it ends."
by BlackStrat
Mon Jun 11, 2018 9:13 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle on Fox Business Channel Friday June 8
Replies: 65
Views: 5884

Re: Jack Bogle on Fox Business Channel Friday June 8

I'm a big fan of both Fox business and Maria.

I thought she was very respectful and although she cut him off once to ask a followup, I enjoyed the interview and as usual felt a strong dose of gratitude that Jack Bogle was still among us.
by BlackStrat
Fri Jun 01, 2018 10:17 am
Forum: Investing - Theory, News & General
Topic: "How To Stay-The-Course and Stick With Your Investment Plan"
Replies: 4
Views: 1265

Re: "How To Stay-The-Course and Stick With Your Investment Plan"

The author certainly has good taste in who he quotes!
by BlackStrat
Fri Jun 01, 2018 7:30 am
Forum: Personal Finance (Not Investing)
Topic: is Having more and needing less normal?
Replies: 113
Views: 9169

Re: is Having more and needing less normal?

You know you're getting old when you buy a suit and think 'this could be the one I'm buried in'!
by BlackStrat
Fri May 18, 2018 7:36 am
Forum: Investing - Help with Personal Investments
Topic: Retiring soon - some questions
Replies: 27
Views: 3520

Re: Retiring soon - some questions

Someone posted this link recently in another thread (I added it to my 'Favorites') and I thought it was valuable regarding withdrawal strategies:

https://www.kitces.com/blog/tax-efficie ... ing-needs/
by BlackStrat
Wed Apr 25, 2018 8:12 am
Forum: Investing - Theory, News & General
Topic: Unprecedented Event
Replies: 67
Views: 9731

Re: Unprecedented Event

Event like: https://en.m.wikipedia.org/wiki/Nuclear_electromagnetic_pulse The US EMP Commission published a rather depressing paper ...... Yep - an EMP would be a complete mess alright. If you enjoy reading novels, I thought this book captured the aftermath of an EMP attack fairly well: https://www...
by BlackStrat
Wed Apr 11, 2018 11:20 am
Forum: Investing - Theory, News & General
Topic: Fisher Investments hard sell
Replies: 40
Views: 42292

Re: Fisher Investments hard sell

While a 1.125% annual fee is high, my "gut" is comforted by the thought of having a wingman. Torn..... I'm see you're new to the board (welcome!). This forum has thousands of wingmen. Something to consider when paying a fee like that is your Safe Withdrawal Rate (SWR) at retirement age is 4%. If yo...
by BlackStrat
Sat Mar 24, 2018 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Leaving Edward Jones...Why is Vanguard and Fidelity Always the Recommendation?
Replies: 48
Views: 7789

Re: Leaving Edward Jones...Why is Vanguard and Fidelity Always the Recommendation?

For me it's Vanguard due to the fact that it was John Bogle who gave us the low-cost index fund.

If it wasn't for Vanguard, I suspect these other investment houses would not be giving us these deals on low-expense funds.
by BlackStrat
Sat Mar 03, 2018 11:21 am
Forum: Investing - Help with Personal Investments
Topic: 25YR old with considerable amount of cash
Replies: 48
Views: 7038

Re: 25YR old with considerable amount of cash

I'm sorry for your loss. While that's a lot of money, it's not enough at your age to delude yourself into thinking you can afford a life of leisure. The best investment you can make now is in yourself and any marketable skills. Developing yourself to prepare for a satisfying and fruitful career whil...
by BlackStrat
Tue Feb 06, 2018 10:30 am
Forum: Investing - Help with Personal Investments
Topic: Still waiting to invest?
Replies: 47
Views: 6445

Re: Still waiting to invest?

We just opened up our teenage son's first Roth IRA - I'm expecting the funds to transfer and settle today. Not that it matters with his nearly 50-year time horizon, but I'm hoping we're catching the bottom just to get him excited about earnings. If we're catching the falling knife, so be it; things ...
by BlackStrat
Wed Jan 31, 2018 11:53 am
Forum: Investing - Theory, News & General
Topic: The Vanderbilts
Replies: 26
Views: 4395

Re: The Vanderbilts

Leave your kids enough money so that they can do anything, but not so much that they can do nothing. How much money is that? Are those two things inclusive of each other? I believe I read once that Bill Gates said the same thing about how much he'd leave his kids. When pressed further about an actu...
by BlackStrat
Wed Jan 31, 2018 11:34 am
Forum: Investing - Help with Personal Investments
Topic: Do it myself or hire a pro?
Replies: 27
Views: 2939

Re: Do it myself or hire a pro?

You're correct to balk at the fee structure these advisors attempt to collect. Read up on all the above posts and links and continue to educate yourself. Asset Allocation, diversification, and understanding how taxes and RMD's are handled with your investments in retirement are key. Also read up on ...
by BlackStrat
Thu Jan 25, 2018 3:04 pm
Forum: Local Chapters and Bogleheads Community
Topic: Happy Birthday, Taylor!
Replies: 84
Views: 5644

Re: Happy Birthday, Taylor!

Taylor - you're a true gentleman in a not-so-gentle world.

Thanks to you for sharing your wisdom and for your dedication and inspiration to all things Boglehead-ish!
by BlackStrat
Mon Jan 22, 2018 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Ready to give up on bond fund, Lost 2.25% past 6 months
Replies: 85
Views: 11982

Re: Ready to give up on bond fund, Lost 2.25% past 6 months

"Half the time I wonder why I have so much in bonds, and the other half why so much in stocks"

-John Bogle
by BlackStrat
Mon Jan 22, 2018 9:16 am
Forum: Investing - Help with Personal Investments
Topic: Should I buy a business or suck it up at a job(s) with a pension.
Replies: 82
Views: 6572

Re: Should I buy a business or suck it up at a job(s) with a pension.

Look what buying a carwash did for Walter White! :oops: In all seriousness, you're in an enviable position many people would die for...IF the Illinois pension system survives. Healthcare costs are totally out of control; the next 7-8 years will fly by - try to learn to at least cope with your job. A...
by BlackStrat
Sat Jan 20, 2018 9:16 am
Forum: Investing - Theory, News & General
Topic: A 4% move in the Dow and S&P in 12 days? Seems odd
Replies: 94
Views: 8452

Re: A 4% move in the Dow and S&P in 12 days? Seems odd

Thanx guys yep I know it's a issue, it's a against the advice I give others, but since the 1/1/18 when was planning to make my 2017 contributions, (and throw any leftover money in 2018 sep,) just looking at that almost straight line up has been a red flag holding me back... *Good news is finally af...
by BlackStrat
Sat Jan 13, 2018 10:40 am
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '8% rule' - Where are they now?
Replies: 40
Views: 7298

Re: Year 2000 retirees using the '8% rule' - Where are they now?

...The bigger problem is people's savings' rates. Most people aren't saving close to enough to be able to retire comfortably. The median net worth, including home equity, of 65-69 year olds is just under $200k. This to me is a potential 'black swan' event that can affect us all. With huge deficits ...
by BlackStrat
Sat Jan 13, 2018 10:02 am
Forum: Investing - Theory, News & General
Topic: Heading for a top?
Replies: 112
Views: 10442

Re: Heading for a top?

The way I look at it is that you need to find an AA you're comfortable with to ride out any drastic changes in the market. If equities drop 50% and you're retired, you're drawing from bond funds (by doing so you're naturally rebalancing and can manually rebalance further if your withdrawal doesn't p...
by BlackStrat
Thu Jan 11, 2018 11:18 am
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 309
Views: 33797

Re: Anyone tired of the stock market going up?

Ironically, a huge run-up like this can test your ability to stay-the-course as much as a big downturn. (At least that's my personal feeling.) Does anyone else feel this way? No doubt about it! As my bond ratio goes down but my net worth goes up, I question whether I'm ready to rebalance to my subs...
by BlackStrat
Tue Jan 09, 2018 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation for large sum
Replies: 35
Views: 2693

Re: Asset allocation for large sum

.....Unfortunately the advice I was given by the vast majority around me was that the stock market was a casino and getting into the market at the wrong time would doom you No - the stock market enables us all to become co-owners in some of the greatest businesses in the world. Index funds allows u...
by BlackStrat
Sat Jan 06, 2018 9:02 am
Forum: Investing - Theory, News & General
Topic: "Can I Really Retire at 40?" What to Tell Clients
Replies: 53
Views: 8570

Re: "Can I Really Retire at 40?" What to Tell Clients

I've said it before, but I like the RMD methodology (which you could use to withdraw from an IRA using SEPP/72t and avoid penalties). Based on a Single Life Expectancy Table a 40 year old could take 1/43.6 or or 2.29% and gradually move up to something close to 4% at age 60. This is very similar to...
by BlackStrat
Thu Dec 28, 2017 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Confusion about prepaying property taxes
Replies: 139
Views: 15494

Re: Confusion about prepaying property taxes

Hi BlackStrat, The issue you're missing is that this would not be a prepayment, but rather your normal payment. If you look at your Montgomery County bill, you should notice that the second payment for the period 7/1/17 to 6/30/18 is "Amount Due by 12/31/2017." You would normally pay this in 2017 a...
by BlackStrat
Thu Dec 28, 2017 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Confusion about prepaying property taxes
Replies: 139
Views: 15494

Re: Confusion about prepaying property taxes

I live in Montgomery County MD and the county council is allowing us to pre-pay our 2018 county real estate tax in 2017. We file a joint tax return. Until recently we were planning to take the new $24,000 standard deduction when we file the 2017 tax return. But, if we were to pre-pay the real estat...
by BlackStrat
Thu Dec 21, 2017 9:33 am
Forum: Investing - Help with Personal Investments
Topic: too much $ in my company of work?
Replies: 51
Views: 4710

Re: too much $ in my company of work?

I'm in the same boat. I opened up a DAF this year and matched what I contributed to it in appreciated stock by selling an equal amount of shares to offset the deduction and allow me to begin to minimize my holdings in this one company. I also earmarked the cash I'd have normally donated to charity a...
by BlackStrat
Sun Dec 10, 2017 9:31 am
Forum: Investing - Theory, News & General
Topic: Would a Bitcoin Crash affect the general markets?
Replies: 25
Views: 2286

Would a Bitcoin Crash affect the general markets?

My limited knowledge of bitcoin see it simply as a hyped-up and speculative currency with no ties to anything of real value.

What (if anything) would a crash do to the general stock market?
by BlackStrat
Tue Dec 05, 2017 8:48 am
Forum: Investing - Theory, News & General
Topic: Bonds Are Riskier Than People Think
Replies: 142
Views: 15322

Re: Bonds Are Riskier Than People Think

nisiprius wrote:
Sun Dec 03, 2017 10:56 am
They don't lead to a lower total return in dollars. A bond is a contract to pay specific numbers of dollars ..........
thank you nisiprius - this (entire) post was one of the best (pithy) explanations I've seen and should be a sticky somewhere
by BlackStrat
Mon Nov 27, 2017 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Inspiration to Work After You've Already "Won"?
Replies: 17
Views: 1943

Re: Inspiration to Work After You've Already "Won"?

I take it you're not a blues musician? If you were then $2M in the bank certainly wouldn't work and I understand your issue (see below about an IRA): How To Sing The Blues (excuse the formatting): Most blues begin with "woke up this morning". I got a good woman” is a bad way to begin the blues, unle...
by BlackStrat
Mon Nov 27, 2017 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Currently have $700,000 at 26 years old get $100,000 a year
Replies: 165
Views: 30102

Re: Currently have $700,000 at 26 years old get $100,000 a year

All you need to do is marry one of the gals from school who are used to the good life to realize that maybe you don't have that much money afterall and may end up closer to broke in a couple of decades after trying to live a lifestyle of which you really can't afford. My advice? take a sabbatical an...
by BlackStrat
Wed Nov 08, 2017 7:43 am
Forum: Investing - Theory, News & General
Topic: "$1 Million is Closer Than You Think"
Replies: 54
Views: 10687

Re: "$1 Million is Closer Than You Think"

It's a start and an attention grabber. For someone who doesn't have it, $1mil probably seems to be a lofty goal and this ad helps them realize it's actually doable. After they reach it, they may start researching SWR's and realize $1mil isn't what it used to be, but as they say the first million is ...
by BlackStrat
Fri Nov 03, 2017 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Should I decline Grand Prize trip because of taxes on winnings?
Replies: 107
Views: 13931

Re: Should I decline Grand Prize trip because of taxes on winnings?

Like my husband said, “if you were going to spend $4000 on a trip, would this be it?” And the answer is no, this is not my “dream trip”. However it is an unusual opportunity that will never happen again, and I’m sure I would enjoy it. Another way of looking at it is the fact that you're getting a h...
by BlackStrat
Mon Oct 23, 2017 8:29 am
Forum: Investing - Help with Personal Investments
Topic: Is it ok to have 100% stocks, 15 years+
Replies: 97
Views: 11073

Re: Is it ok to have 100% stocks, 15 years+

msk wrote:
Mon Oct 23, 2017 8:23 am
18 years post retirement, and I am still 100% in stocks :mrgreen:
Whoa! Really?

That's awesome!
by BlackStrat
Thu Oct 19, 2017 9:27 am
Forum: Personal Finance (Not Investing)
Topic: 2 Commas, Seven Figure
Replies: 19
Views: 3661

Re: 2 Commas, Seven Figure

Congratulations!

...and the good news is you'll probably get to celebrate it again after the way things are looking in the market today! :annoyed
by BlackStrat
Thu Oct 19, 2017 9:14 am
Forum: Investing - Help with Personal Investments
Topic: Wondering if I need to balance better
Replies: 7
Views: 1188

Re: Wondering if I need to balance better

I don't have much to add as far as answering your questions but just wanted to give you a shout out and a little more encouragement. You've been dealt a tough hand but you're showing some true mettle in taking charge of your situation. Considering how things happened, you still (smartly) chose media...
by BlackStrat
Mon Oct 09, 2017 9:11 pm
Forum: Investing - Theory, News & General
Topic: "Simplify Your Investment Plan" -- Morningstar
Replies: 5
Views: 1912

Re: "Simplify Your Investment Plan" -- Morningstar

I'm a simple man without a simple plan!

thanks for the food for thought!
by BlackStrat
Sat Oct 07, 2017 10:20 am
Forum: Investing - Theory, News & General
Topic: Has your "risk tolerance" been tested?
Replies: 105
Views: 8530

Re: Has your "risk tolerance" been tested?

ignorance is bliss and I just didn't pay too much attention in 2008; most likely because I assumed I'd never have enough for retirement. Well the last bunch of years have been good to my portfolio and it's time to adjust my AA (currently 78/28). I really have a hard time emotionally (you can call it...
by BlackStrat
Sat Oct 07, 2017 10:11 am
Forum: Investing - Help with Personal Investments
Topic: Trying to convince my sister not to use a financial advisor
Replies: 59
Views: 5778

Re: Trying to convince my sister not to use a financial advisor

Explain to her the concept of the Safe Withdrawal Rate (SWR) at retirement age (being able to withdraw 4% of your portfolio per year to maintain a a balance for 30 years).

This advisor would be taking a huge chunk of that yearly.
by BlackStrat
Thu Oct 05, 2017 8:19 am
Forum: Personal Finance (Not Investing)
Topic: That blank stare... ?
Replies: 49
Views: 3921

Re: That blank stare... ?

If the money runs out, you can be sure that'll get their FULL attention!
by BlackStrat
Fri Sep 15, 2017 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Advice Badly Needed---Meeting with Financial Advisor
Replies: 49
Views: 4847

Re: Advice Badly Needed---Meeting with Financial Advisor

What luck that had you find the Bogleheads! From what I've seen, most of these 'advisors' are either insurance salesmen (like this one) or bloodsucking leeches preying on vulnerable people who haven't done a little bit of research on a subject that really doesn't have to be very complicated. Studies...
by BlackStrat
Fri Sep 15, 2017 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Personal Milestone-this is the only place to share
Replies: 21
Views: 2858

Re: Personal Milestone-this is the only place to share

Congratulations - before you know it, your money will start making more money than you're making!
by BlackStrat
Fri Aug 25, 2017 6:31 am
Forum: Personal Finance (Not Investing)
Topic: "Why do you want to come here?" Hiring Manager Question
Replies: 19
Views: 3462

Re: "Why do you want to come here?" Hiring Manager Question

Based on your 1st paragraph, it sounds like it won't be a stretch to just be honest and have your enthusiasm for the job speak volumes for itself.
by BlackStrat
Fri Aug 04, 2017 10:48 am
Forum: Investing - Help with Personal Investments
Topic: Greenspan says Bond 'bubble' about to burst
Replies: 12
Views: 1174

Re: Greenspan says Bond 'bubble' about to burst

Why would you change your asset allocation by a sudden 10% chunk? Is it because you're planning to retire soon? Yes - I pretty much kept a 100% equity AA throughout most of my investing career (before I discovered Bogleheads) and am now at 25% bond. I'm most likely (forcibly) retiring in the next c...
by BlackStrat
Fri Aug 04, 2017 10:32 am
Forum: Investing - Help with Personal Investments
Topic: Greenspan says Bond 'bubble' about to burst
Replies: 12
Views: 1174

Re: Greenspan says Bond 'bubble' about to burst

that's reassuring CnC and a great way to look at it.
by BlackStrat
Fri Aug 04, 2017 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Greenspan says Bond 'bubble' about to burst
Replies: 12
Views: 1174

Re: Greenspan says Bond 'bubble' about to burst

Why would you change your asset allocation by a sudden 10% chunk? Is it because you're planning to retire soon? Yes - I pretty much kept a 100% equity AA throughout most of my investing career (before I discovered Bogleheads) and am now at 25% bond. I'm most likely (forcibly) retiring in the next c...
by BlackStrat
Fri Aug 04, 2017 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Greenspan says Bond 'bubble' about to burst
Replies: 12
Views: 1174

Greenspan says Bond 'bubble' about to burst

While I wouldn't put him in the same category as the chicken-littles over at Market Watch, I get a little fearful of stories like this as I prepare to pull the trigger and modify my AA by increasing my bond portfolio by 10+%. https://www.cnbc.com/2017/08/04/greenspan-bond-bubble-about-to-break-becau...
by BlackStrat
Thu Jul 20, 2017 8:10 am
Forum: Investing - Theory, News & General
Topic: Most Americans don't trust financial advisers
Replies: 64
Views: 7909

Re: Most Americans don't trust financial advisers

More telling is that most Americans don't have enough investable assets to actually be able to HIRE a financial adviser

:shock:
by BlackStrat
Wed Jul 12, 2017 8:25 am
Forum: Investing - Help with Personal Investments
Topic: Recent inheritance + mix of retirement funds + 5 years from retirement = confusion
Replies: 16
Views: 2252

Re: Recent inheritance + mix of retirement funds + 5 years from retirement = confusion

I'm also sorry for your loss - your mother left you a fine inheritance. If it were me, I would simplify by converting all of the taxable funds into a small, diversified set of funds (such as the 3-fund portfolio). Since the inheritance is recent, take advantage of selling so as not to get hit with a...