Search found 302 matches

by BlackStrat
Fri Aug 14, 2020 10:28 am
Forum: Personal Investments
Topic: financial advisors
Replies: 5
Views: 516

Re: financial advisors

Another welcome! One thing to think about is that most people, when they retire, only have a portfolio which can sustain a 4% withdrawal a year over 30 years without running out of savings. If you're giving your advisor more than 25% of that every year throughout your career - imagine how that drain...
by BlackStrat
Thu May 21, 2020 6:52 am
Forum: Personal Investments
Topic: Advice for 22 year old on investing for home downpayment?
Replies: 29
Views: 1873

Re: Advice for 22 year old on investing for home downpayment?

I waited until my early 30's to buy my house. Prior to that I shared a rental with my brother and always at least another friend or two. They were some of the best days of my life (we had a lot of fun) but I regret not biting the bullet, buying a house earlier and renting rooms out to them to help c...
by BlackStrat
Fri Mar 20, 2020 7:40 am
Forum: Personal Investments
Topic: When will S&P 500 go back to 3386 ?
Replies: 98
Views: 6441

Re: When will S&P 500 go back to 3386 ?

depends on the election

if one guy wins: November 2020
if the other guy wins: November 2024

:oops:
by BlackStrat
Fri Mar 06, 2020 8:47 am
Forum: Investing - Theory, News & General
Topic: Be fearful when others are greedy. Be greedy when others are fearful.
Replies: 129
Views: 9230

Re: Be fearful when others are greedy. Be greedy when others are fearful.

I wasn't worried until I went to Costco - not a roll of toilet paper to be found!

Can anyone spare a square?
by BlackStrat
Thu Mar 05, 2020 8:18 am
Forum: Personal Investments
Topic: New to Vanguard
Replies: 7
Views: 439

Re: New to Vanguard

Peter - welcome to the Forum. Vanguard has indeed had trouble keeping up with their recent explosive success, but they do excel at providing low fees for the investor comfortable with his own investing approach. May I suggest you use this forum and the thousands of members who have all of our own in...
by BlackStrat
Thu Mar 05, 2020 8:12 am
Forum: Personal Investments
Topic: Another Edward Jones and other Financial Advisor "Lessons to Share"
Replies: 80
Views: 10021

Re: Another Edward Jones and other Financial Advisor "Lessons to Share"

Edward Jones is not intentionally trying to rip people off. Sure, they have fees and might be on the higher end of what investment firms charge; however, they do provide a service and do their best to help investors make money. If you don't want to use them, simply transfer the funds elsewhere. I u...
by BlackStrat
Sun Mar 01, 2020 6:48 pm
Forum: Personal Investments
Topic: Another Edward Jones and other Financial Advisor "Lessons to Share"
Replies: 80
Views: 10021

Re: Another Edward Jones and other Financial Advisor Lessons

Rosencrantz1 wrote:
Sun Mar 01, 2020 4:54 pm
I think he's much more interested in golf than anything in the markets :happy
Tell him that matching index performance in our investments (via an index fund and without advisor fees) is like shooting par in golf; the majority of weekend golfers would be really happy to do so.
by BlackStrat
Mon Feb 17, 2020 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Grandma wants to skip generation with inheritance
Replies: 31
Views: 5863

Re: Grandma wants to skip generation with inheritance

michaeljc70 wrote:
Tue Feb 11, 2020 11:05 am
I don't have anything to add, but at age 88 and entering assisted living, I wouldn't slow walk this.
Horrible update: my friends mother died suddenly with no will or legal document signed in time.
by BlackStrat
Tue Feb 11, 2020 1:55 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 718
Views: 105556

Re: Year 2000 retirees using the '4% rule' - Where are they now?

My approach is a 3.3% WR from age 60-65 (while DW is still working) and then a 4% WR from 65-70 (when she retires & starts collecting SS and we can travel) and then 3.26% at age 70 when my SS will kick in to make up the difference. I haven't done any technical analysis on this but it looks pretty g...
by BlackStrat
Tue Feb 11, 2020 9:49 am
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 718
Views: 105556

Re: Year 2000 retirees using the '4% rule' - Where are they now?

My approach is a 3.3% WR from age 60-65 (while DW is still working) and then a 4% WR from 65-70 (when she retires & starts collecting SS and we can travel) and then 3.26% at age 70 when my SS will kick in to make up the difference. I haven't done any technical analysis on this but it looks pretty go...
by BlackStrat
Tue Feb 11, 2020 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Worried About AI Taking Your Job?
Replies: 54
Views: 3717

Re: Worried About AI Taking Your Job?

I'm pessimistic about it.

Pretty soon robot repairman will be replaced by robots.
by BlackStrat
Tue Feb 11, 2020 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Grandma wants to skip generation with inheritance
Replies: 31
Views: 5863

Re: Grandma wants to skip generation with inheritance

you're absolutely right and I came to that conclusion early on - this should be done legitimately via an estate attorney. If the grandmother survives for years and ends up in nursing care, her portfolio may be depleted quickly and it will all be moot. Capsu78 - those ARE some horror stories! Like pa...
by BlackStrat
Mon Feb 10, 2020 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Grandma wants to skip generation with inheritance
Replies: 31
Views: 5863

Re: Grandma wants to skip generation with inheritance

thanks to all for some great input; I'll advise friend about options with suggestion to contact estate attorney.
by BlackStrat
Mon Feb 10, 2020 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Grandma wants to skip generation with inheritance
Replies: 31
Views: 5863

Re: Grandma wants to skip generation with inheritance

JoeRetire wrote:
Mon Feb 10, 2020 10:19 am
BlackStrat wrote:
Mon Feb 10, 2020 9:43 am
His 88 year-old mother wants to leave whatever is left of her estate to her 18 year-old granddaughter (and skip her 2 children).
Why?
Is this the only grandchild?
I believe so. No idea why she wants to skip her kids - that's a family dynamic of which I'm not aware.
by BlackStrat
Mon Feb 10, 2020 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Grandma wants to skip generation with inheritance
Replies: 31
Views: 5863

Re: Grandma wants to skip generation with inheritance

A key question is whether the two children, and especially the son, are happy with being “skipped” in favor of the granddaughter. I can imagine some real complications if the son inherits the money, but then doesn’t follow grandma’s wishes to pass it on to granddaughter. I’d definitely get an estat...
by BlackStrat
Mon Feb 10, 2020 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Grandma wants to skip generation with inheritance
Replies: 31
Views: 5863

Re: Grandma wants to skip generation with inheritance

OP here - thx for the responses. They haven't thought this out. It's simply the grandma expressing a desire to leave everything to the granddaughter. To avoid the complications (and expense) of a trust, he said they mentioned her simply willing the estate to him (and excluding his sibling) with the ...
by BlackStrat
Mon Feb 10, 2020 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Grandma wants to skip generation with inheritance
Replies: 31
Views: 5863

Grandma wants to skip generation with inheritance

I received an unusual question from a friend who knows I enjoy investments and personal finance. Background: His 88 year-old mother wants to leave whatever is left of her estate to her 18 year-old granddaughter (and skip her 2 children). Her current net worth is around $800k but she's getting ready ...
by BlackStrat
Wed Jan 08, 2020 10:26 am
Forum: Investing - Theory, News & General
Topic: In my opinion, Best Overall Retirement Article
Replies: 95
Views: 11190

Re: In my opinion, Best Overall Retirement Article

averagedude wrote:
Tue Jan 07, 2020 10:37 pm
Anyone who says to keep working until you are not able to, surely doesn't work in a lug nut factory.
Or an Anvil factory!!

:shock:
by BlackStrat
Thu Dec 12, 2019 10:54 am
Forum: Personal Finance (Not Investing)
Topic: How not to feel poor...
Replies: 78
Views: 13066

Re: How not to feel poor...

Taxable investment accounts: $408,000 (mostly vanguard total stock index) Traditional IRA Accounts: $988,000 (mostly a 40/60 mix of Vanguard total stock, blue chip stocks and bonds) Roth Accounts: $132,000 (a mix of blue chip stocks and REITS) Dividend income: Roughly $40,000 a year from stocks and...
by BlackStrat
Fri Jul 26, 2019 8:27 am
Forum: Personal Investments
Topic: What to do in a crash
Replies: 65
Views: 7685

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: 2644

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: 6843

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: 717

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: 717

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: 16040

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: 828

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: 3952

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: 57472

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: 15488

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: 4853

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: 5666

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: 24
Views: 4542

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: 24
Views: 4542

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: 1184

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: 1184

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: 11940

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: 11940

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: 1524
Views: 123496

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: 2654

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: 968
Views: 133508

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: 61077

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: 248
Views: 25068

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: 2985

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: 6987

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: 11327

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: 4101

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: 6815

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: 10310

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: 1621

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: 40417

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...