Search found 283 matches

by BlackStrat
Fri Jul 26, 2019 8:27 am
Forum: Personal Investments
Topic: What to do in a crash
Replies: 65
Views: 7277

Re: What to do in a crash

completely ignore the market while DCA-ing into it.

Then look back in 10 years and exclaim "whoa - I lost hundreds of thousands of dollars in that last crash 5 years ago"!

ignorance is bliss
by BlackStrat
Fri Jul 19, 2019 6:34 am
Forum: Personal Finance (Not Investing)
Topic: Substantial position in an individual stock
Replies: 31
Views: 2484

Re: Substantial position in an individual stock

+1 on DAF. Since the tax law last year minimized the tax benefit for smaller donations, you can fund a DAF with the next 5 years worth of what you would contribute to charity (and get a big tax break on your 2019 earnings). Then dollar cost average what you would've contributed each upcoming year in...
by BlackStrat
Thu Jun 06, 2019 7:28 am
Forum: Investing - Theory, News & General
Topic: Thank you, Taylor Larimore!
Replies: 49
Views: 6518

Re: Thank you, Taylor Larimore!

Taylor Larimore: a hero in more ways than one!
by BlackStrat
Mon May 27, 2019 6:34 am
Forum: Personal Finance (Not Investing)
Topic: Car dealer 1.9% financing vs Ally CD ladder
Replies: 4
Views: 700

Re: Car dealer 1.9% financing vs Ally CD ladder

I calculated a small gain with the CD 's but didn't even think about taxes.

Not worth it - thanks
by BlackStrat
Sun May 26, 2019 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Car dealer 1.9% financing vs Ally CD ladder
Replies: 4
Views: 700

Car dealer 1.9% financing vs Ally CD ladder

I have the cash to buy outright but what kind of rate difference would make it worthwhile to manage a CD ladder with a 5-year loan?
by BlackStrat
Thu Apr 18, 2019 6:43 am
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 15580

Re: In Laws Retirement Nest Egg

"They'd need to not joke about someone else being their financial backup plan."

That's really funny - I have to use this line on my brother just to see his reaction! :twisted:
by BlackStrat
Wed Apr 17, 2019 9:00 am
Forum: Personal Finance (Not Investing)
Topic: C. Benz/Morningstar- What You Can Learn From Your 2018 Tax Return
Replies: 2
Views: 805

Re: C. Benz/Morningstar- What You Can Learn From Your 2018 Tax Return

That was a useful article and well worth the review - thanks for posting
by BlackStrat
Thu Apr 11, 2019 7:03 am
Forum: Personal Investments
Topic: Leave out the bond fund of the 3 fund portfolio??
Replies: 40
Views: 3782

Re: Leave out the bond fund of the 3 fund portfolio??

I spent my entire career in 100% stocks (blissful ignorance) The ONLY thing that made it palatable is the fact that I rarely looked at my portfolio, so even 2008 didn't bother me much and I assumed I'd never be able to retire. Fast forward to discovering the Bogleheads who talked me off the thin she...
by BlackStrat
Tue Apr 02, 2019 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 349
Views: 54938

Re: Does anyone here with net worths north of $1 mil use financial advisors?

Why give an FA roughly 25% of your retirements' safe withdrawal rate (SWR) when you can probably easily beat his performance (the majority of years) with a simple 2-3 fund portfolio?
by BlackStrat
Tue Apr 02, 2019 8:24 am
Forum: Investing - Theory, News & General
Topic: I hate bonds
Replies: 116
Views: 14432

Re: I hate bonds

The way I see it, Bond funds in my 401k allow me to take advantage of downturns in the stock market by providing me the funds to buy low and rebalance. It's a see-saw effect which provides both (relative) safety and the ability to buy at an attractive price when you don't have other significant cash...
by BlackStrat
Tue Mar 19, 2019 9:25 am
Forum: Investing - Theory, News & General
Topic: Favorite investment quote
Replies: 73
Views: 4594

Re: Favorite investment quote

"A bull market is like sex - it feels best right before it ends"

-unknown
by BlackStrat
Thu Mar 07, 2019 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Intro and Personal Finance Advice
Replies: 55
Views: 5584

Re: Intro and Personal Finance Advice

First of all don't kick yourself on how you got here. This is the transition point in time where you're going to get out of debt and build wealth to prepare for your retirement. Definitely focus on getting out of debt asap. Read Taylor Larimore's "Bogleheads Guide to Investing". Talk with your wife ...
by BlackStrat
Mon Feb 18, 2019 10:33 am
Forum: Investing - Theory, News & General
Topic: Today I learned the 4% rule has been around for hundreds of years.
Replies: 26
Views: 4480

Re: Today I learned the 4% rule has been around for hundreds of years.

I guess practicioners of the 4% rule from historical times would have to retire by age 15 because they were dead by what...age 45 (if they were lucky to make it that long)? Not to go too far off topic, but this is a bit of a myth. Historical life expectancies were brought down significantly by high...
by BlackStrat
Mon Feb 18, 2019 8:39 am
Forum: Investing - Theory, News & General
Topic: Today I learned the 4% rule has been around for hundreds of years.
Replies: 26
Views: 4480

Re: Today I learned the 4% rule has been around for hundreds of years.

I guess practicioners of the 4% rule from historical times would have to retire by age 15 because they were dead by what...age 45 (if they were lucky to make it that long)?
by BlackStrat
Thu Feb 14, 2019 3:40 pm
Forum: Personal Consumer Issues
Topic: Car shopping: Believe the ratings?
Replies: 10
Views: 1149

Re: Car shopping: Believe the ratings?

this model is indeed a redesign so there are a lot of changes.
by BlackStrat
Thu Feb 14, 2019 2:16 pm
Forum: Personal Consumer Issues
Topic: Car shopping: Believe the ratings?
Replies: 10
Views: 1149

Car shopping: Believe the ratings?

As mentioned in another thread, I'm in the market for a car. Originally I was going to attempt to find a 'sweet spot' 2-3 year old used car which had depreciated enough to make it a good buy. However the 2019 Acura RDX caught my eye and after test-driving it I'm now 'Jonesing' for one. I currently d...
by BlackStrat
Mon Feb 11, 2019 10:02 am
Forum: Personal Consumer Issues
Topic: How do YOU buy a car? (TrueCar, Costco, Carvana, etc)
Replies: 75
Views: 10008

Re: How do YOU buy a car? (TrueCar, Costco, Carvana, etc)

OP here - just wanted to thank everyone; I'll be scrutinizing all the great advice here this week.
by BlackStrat
Sun Feb 10, 2019 1:48 pm
Forum: Personal Consumer Issues
Topic: How do YOU buy a car? (TrueCar, Costco, Carvana, etc)
Replies: 75
Views: 10008

How do YOU buy a car? (TrueCar, Costco, Carvana, etc)

I'm driving a 21-year old Toyota so I've been out of the game for awhile. Back then I seem to remember referencing Edmunds for the actual dealer costs and was able to negotiate a good price with a more rural dealership. Now I see the web is inundated with all kinds of services but it's hard to cut t...
by BlackStrat
Wed Feb 06, 2019 10:02 am
Forum: Investing - Theory, News & General
Topic: My trend following strategy and experience
Replies: 974
Views: 76996

Re: My trend following strategy and experience

I also enjoy your posts and would wish you the best but that would mean my 3-fund approach was inferior!

(But I certainly don't wish you failure) Good luck!
by BlackStrat
Wed Feb 06, 2019 9:52 am
Forum: Personal Investments
Topic: Valuation seem high. When to buy into 3-fund folio.
Replies: 24
Views: 2547

Re: Valuation seem high. When to buy into 3-fund folio.

Some great advice above. I would add that you need to realize a large portion of these investments won't be used for 20 years. Look at a graph of market returns and understand that you can forget the noise (the occasional small drops in the market which are stressful at the time but mostly forgotten...
by BlackStrat
Fri Jan 25, 2019 8:08 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 790
Views: 110890

Re: How much money do you need to retire?

For example, I think that with $6M a couple retiring at 50 is fine assuming a non-extravagant lifestyle, and assuming not getting extremely unlucky, such as both getting a stoke and needing long-term care for decades or some such thing. Sure, $10M is even safer and allows for a better lifestyle, bu...
by BlackStrat
Wed Jan 16, 2019 8:49 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 57641

Re: John Bogle is dead at 89

RIP to an unselfish American hero who enriched many of us who followed his advice.
by BlackStrat
Fri Jan 11, 2019 9:09 am
Forum: Personal Investments
Topic: Biggest Investment Mistake
Replies: 200
Views: 17347

Re: Biggest Investment Mistake

- Went way to long with managed funds with fees that stifled growth
- Accumulated too much company stock
by BlackStrat
Wed Jan 02, 2019 11:09 am
Forum: Investing - Theory, News & General
Topic: Absurd Adviser Fees!
Replies: 16
Views: 2871

Re: Absurd Adviser Fees!

I always thought that if people understood the concept of a SWR, they would be more aghast at the idea of these investment advisor fees because it puts it into context.
by BlackStrat
Fri Dec 28, 2018 9:33 am
Forum: Personal Finance (Not Investing)
Topic: FAFSA - is it worth filling out?
Replies: 109
Views: 6687

FAFSA - is it worth filling out?

I started a college fund nearly the day my son was born (he's now a HS senior) and feel I'm prepared to cover tuition/expenses for a reasonable 4-year college stay. Most of the schools he applied to are saying we need to fill out the FAFSA. Besides not really wanting to share my personal financial i...
by BlackStrat
Thu Dec 20, 2018 9:29 am
Forum: Investing - Theory, News & General
Topic: I feel cheated, saved too much in 401K vs cash.
Replies: 74
Views: 10854

Re: I feel cheated, saved too much in 401K vs cash.

I'm not sure this has been mentioned already, and it's as much of a question as anything. For a Boglehead we want to have a 2-3 fund allocation of stocks and bonds. Bonds are more tax-effective being held in a tax free fund (such as within our 401k). If we avoid the 401k throughout our working life,...
by BlackStrat
Tue Nov 27, 2018 10:14 am
Forum: Investing - Theory, News & General
Topic: Bogleheads Greatest Hits
Replies: 27
Views: 3971

Re: Bogleheads Greatest Hits

"A bull market is like sex - it feels best right before it ends"

-author unknown
by BlackStrat
Sat Oct 27, 2018 7:50 am
Forum: Personal Investments
Topic: How to exit out of the Stock Market?
Replies: 58
Views: 6628

Re: How to exit out of the Stock Market?

Even though your retirement is approaching, realize that you are not going to suddenly need to cash out all of your investments as you hand in your work badge. This should be a sticky! A balanced portfolio means that at some point the more volatile investments (stocks) are going to be for financing...
by BlackStrat
Thu Aug 02, 2018 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Car price ratio to NW
Replies: 140
Views: 9536

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: Personal Investments
Topic: How to help parents "see the light" with index investing?
Replies: 17
Views: 1575

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: 396
Views: 39566

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: 396
Views: 39566

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: 104
Views: 16994

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: 6821

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: 1453

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: 10155

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: Personal Investments
Topic: Retiring soon - some questions
Replies: 27
Views: 4064

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: 11733

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: 49018

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: Personal Investments
Topic: Leaving Edward Jones...Why is Vanguard and Fidelity Always the Recommendation?
Replies: 48
Views: 13524

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: Personal Investments
Topic: 25YR old with considerable amount of cash
Replies: 48
Views: 7476

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: Personal Investments
Topic: Still waiting to invest?
Replies: 47
Views: 6941

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: 4971

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: Personal Investments
Topic: Do it myself or hire a pro?
Replies: 27
Views: 3338

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: US Chapters
Topic: Happy Birthday, Taylor!
Replies: 84
Views: 6979

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: Personal Investments
Topic: Ready to give up on bond fund, Lost 2.25% past 6 months
Replies: 85
Views: 13330

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: Personal Investments
Topic: Should I buy a business or suck it up at a job(s) with a pension.
Replies: 82
Views: 7454

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: 9133

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: 7718

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: 11422

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...