Search found 1385 matches

by corn18
Thu Jun 13, 2019 2:21 pm
Forum: Personal Consumer Issues
Topic: I'm thinking about buying a supercar anyone here done this and feedback?
Replies: 233
Views: 11991

Re: I'm thinking about buying a supercar anyone here done this and feedback?

Alright! I was able to test drive a local R8 V10 Plus and it's the car - 100%. Unfortunately, the local one I used for a test drive did have a buyback/lemon title from California. I felt fine with it mechanically, because the buyer did have the buyback paperwork showing Audi replace the instrument ...
by corn18
Thu Jun 13, 2019 12:22 pm
Forum: Investing - Theory, News & General
Topic: What is wrong with AQR?
Replies: 128
Views: 7097

Re: What is wrong with AQR?

I am super happy that there are people out there trying out their great ideas to beat my average returns. They generate my returns. What a beautiful system.
by corn18
Tue Jun 11, 2019 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 735
Views: 77914

Re: Fidelity as a one stop shop

We made the switch of everything but credit card to FIDO a few months back and I love it. Earning 2.28% on my savings is a lot nicer than the .02% I was earning at USAA. We made the decision yesterday to stop using our USAA 2.5% cash back card and go with the FIDO 2% card. I stopped direct deposit t...
by corn18
Tue Jun 11, 2019 9:09 am
Forum: Personal Consumer Issues
Topic: I'm thinking about buying a supercar anyone here done this and feedback?
Replies: 233
Views: 11991

Re: I'm thinking about buying a supercar anyone here done this and feedback?

Get a Miata or a BRZ and go to the track. Learning on a low powered car will help you build up your skills more than driving a high powered car. It’ll also be much more fun that driving a super car slow on public roads. Why would you have him do that when he currently owns an S4 (which would take t...
by corn18
Mon Jun 10, 2019 9:46 am
Forum: Personal Consumer Issues
Topic: I'm thinking about buying a supercar anyone here done this and feedback?
Replies: 233
Views: 11991

Re: I'm thinking about buying a supercar anyone here done this and feedback?

One thing I will add: make sure you get a convertible so your avatar friend can ride with you and enjoy it, too!
by corn18
Mon Jun 10, 2019 9:02 am
Forum: Personal Consumer Issues
Topic: I'm thinking about buying a supercar anyone here done this and feedback?
Replies: 233
Views: 11991

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

JustinTime wrote:
Mon Jun 10, 2019 8:56 am
She's into horses, so that's her expensive hobby ;)
typical.investor wrote:
Mon Jun 10, 2019 8:52 am
What does the spouse get?

Is the assumption that the spouse wants a supercar too?

Will the spouse worry about you getting carried away?

Just asking ....
I concur, horses are way more expensive than supercars.
by corn18
Mon Jun 10, 2019 8:28 am
Forum: Investing - Theory, News & General
Topic: Downsides of VPW?
Replies: 101
Views: 6763

Re: Downsides of VPW?

This thread has been a great read. I think this is my plan: 1. My COLA pension with SS @ 70 will cover 100% of expenses (including taxes). 2. I think I am going to set aside enough to bridge SS from 55 to 70. By set aside, I just mean mental accounting. All money will reside in a 60/40 BH portfolio...
by corn18
Sun Jun 09, 2019 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Life Strategy Vs. Investment Strategy
Replies: 14
Views: 1350

Re: Life Strategy Vs. Investment Strategy

OP, I'm in the same boat. Did 20 years in the Navy and was burnt out @16 but stayed for the benefits. Went into megacorp BD world and had a blast for 8 years and got bored. Ran a company for 3 years, had a blast and got bored. Now I am back in BD and I'm bored. Last kid out of the nest. Just me and ...
by corn18
Sun Jun 09, 2019 9:11 pm
Forum: Personal Consumer Issues
Topic: I'm thinking about buying a supercar anyone here done this and feedback?
Replies: 233
Views: 11991

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

chessknt wrote:
Sun Jun 09, 2019 9:06 pm
Most humblebrag post I've seen in some time. The equivalent cost of this car for op at his income level would be like someone making 120k/year asking if 3.5k was too much to spend on their dream car.
That's not what the OP asked.
by corn18
Sun Jun 09, 2019 7:53 pm
Forum: Personal Consumer Issues
Topic: I'm thinking about buying a supercar anyone here done this and feedback?
Replies: 233
Views: 11991

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

I don't collect cars at that level, but my best friend has been in search of an exotic he likes. Started with AMG Mercs, then Proches, then Lambos, then Mclarens and now he has a Ferrari 488 GTB. I get the benefit of him buying them and me driving them on occasion. He drives his on the weekend to pi...
by corn18
Sun Jun 09, 2019 6:41 pm
Forum: Investing - Theory, News & General
Topic: Downsides of VPW?
Replies: 101
Views: 6763

Re: Downsides of VPW?

This thread has been a great read. I think this is my plan: 1. My COLA pension with SS @ 70 will cover 100% of expenses (including taxes). 2. I think I am going to set aside enough to bridge SS from 55 to 70. By set aside, I just mean mental accounting. All money will reside in a 60/40 BH portfolio...
by corn18
Thu Jun 06, 2019 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Is it Wise to Remove Escrow if Bank Allows it?
Replies: 87
Views: 5411

Re: Is it Wise to Remove Escrow if Bank Allows it?

Just heard back from Chase and my request to drop escrow was approved! $7k headed my way. Insurance comes out monthly with my auto policy. Taxes are due once a year in Feb. I like this a lot so far. Dang, we both pretty much asked at the same time, and I'm still waiting. Wonder if my credit freeze ...
by corn18
Thu Jun 06, 2019 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Is it Wise to Remove Escrow if Bank Allows it?
Replies: 87
Views: 5411

Re: Is it Wise to Remove Escrow if Bank Allows it?

Just heard back from Chase and my request to drop escrow was approved! $7k headed my way. Insurance comes out monthly with my auto policy. Taxes are due once a year in Feb. I like this a lot so far.
by corn18
Wed Jun 05, 2019 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 350
Views: 33661

Re: For those who earn $500k+ per year. How'd you do that?

This is a chart of my income, net worth vs. saving 15% of my income. I finally catch up this year to the just save 15% all the time line. Sure wish I were smarter when I was young. http://www.early-retirement.org/forums/members/35183-albums227-picture1889.jpg Interesting how your net worth starting...
by corn18
Wed Jun 05, 2019 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Is it Wise to Remove Escrow if Bank Allows it?
Replies: 87
Views: 5411

Re: Is it Wise to Remove Escrow if Bank Allows it?

some lenders require it (for ins or taxes or both). Just wrote to mine and they didn't out-and-out refuse. Said that they will pass on my request to their Escrow Department, who will make the ultimate determination after reviewing my account. THat's what Chase said to me as well. Waiting to hear wh...
by corn18
Tue Jun 04, 2019 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Is it Wise to Remove Escrow if Bank Allows it?
Replies: 87
Views: 5411

Re: Is it Wise to Remove Escrow if Bank Allows it?

Another great BH thread that has helped me out. I am on the phone right now cancelling escrow (they pay no interest). Property taxes and insurance are $20k/year, so will be nice to get that escrow balance into FZDXX earning some interest.
by corn18
Tue Jun 04, 2019 5:02 pm
Forum: Investing - Theory, News & General
Topic: Downsides of VPW?
Replies: 101
Views: 6763

Re: Downsides of VPW?

2. I think I am going to set aside enough to bridge SS from 55 to 70. By set aside, I just mean mental accounting. All money will reside in a 60/40 BH portfolio. No SPIA. This should require about $700k of my projected $1.7M of savings. Corn18, the new spreadsheet I'm proposing to build (see this p...
by corn18
Tue Jun 04, 2019 4:18 pm
Forum: Investing - Theory, News & General
Topic: Downsides of VPW?
Replies: 101
Views: 6763

Re: Downsides of VPW?

This thread has been a great read. I think this is my plan: 1. My COLA pension with SS @ 70 will cover 100% of expenses (including taxes). 2. I think I am going to set aside enough to bridge SS from 55 to 70. By set aside, I just mean mental accounting. All money will reside in a 60/40 BH portfolio....
by corn18
Tue Jun 04, 2019 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Attaining a dream job / career satisfaction
Replies: 7
Views: 931

Re: Attaining a dream job / career satisfaction

I am an enigma. I knew at age 7 I wanted to be a pilot. Couldn't afford private pilot lessons. So I set my sights on the military. US Naval Academy then off to flight training. Spent 20 years flying fighters and loved it. But there was no life balance, so there's that. But it was my dream job and ev...
by corn18
Fri May 31, 2019 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 350
Views: 33661

Re: For those who earn $500k+ per year. How'd you do that?

There's a mountain of evidence that earning more money beyond having your needs comfortably covered (think $60k to $100k range for a family of 4 in most areas of the US) doesn't make people happier. I think the assumption in these studies, which is often true outside of the Boglehead community, is ...
by corn18
Fri May 31, 2019 5:41 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 11008
Views: 1918031

Re: U.S. stocks in free fall

Hmmmm, I'm pretty sure when my COLA pension and SS checks are coming in and cover 100% of my expenses at age 70, I am not going to go nuts and suddenly become a falling knife catcher. I wouldn't call what you do bespoke. And I don't mind wearing a BH suit. Being reckless with house money is still b...
by corn18
Fri May 31, 2019 5:31 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 11008
Views: 1918031

Re: U.S. stocks in free fall

I am retired and have been for years. I have more than enough income with SS and an old school defined benefit plan. I brew my own coffee and play catch the falling knife and online poker. I'm playing with house money at this point in time. I could lose 100% of my stock holdings and I would still b...
by corn18
Fri May 31, 2019 5:13 pm
Forum: Personal Investments
Topic: After tax 401k to Roth
Replies: 11
Views: 653

Re: After tax 401k to Roth

Can you confirm that the earnings in in-plan Roth are not taxed at the time of rollover to Roth-IRA (if made directly without taking a distribution) Once you've rolled your after-tax 401k sub-account into your Roth 401k and paid the taxes on any earnings at the time of the conversion, any subsequen...
by corn18
Fri May 31, 2019 5:02 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 11008
Views: 1918031

Re: U.S. stocks in free fall

MotoTrojan wrote:
Fri May 31, 2019 4:58 pm
GoldenFinch wrote:
Fri May 31, 2019 3:43 pm
willthrill81 wrote:
Fri May 31, 2019 3:00 pm
My EM stock was up .49% today. :D
Exciting :wink:
My risk-parity leveraged portfolio returned 0.68%, bringing it to an all-time high! 81% XIRR :twisted: .
Can I send you all my money? I could retire in a year with an 81% IRR.
by corn18
Fri May 31, 2019 4:52 pm
Forum: Personal Investments
Topic: After tax 401k to Roth
Replies: 11
Views: 653

Re: After tax 401k to Roth

Thanks, Can you confirm that the earnings in in-plan Roth are not taxed at the time of rollover to Roth-IRA (if made directly without taking a distribution) You decide that. If you convert the earnings to a tIRA, they are not taxed at the time of conversion. If you convert the earnings to Roth (thi...
by corn18
Fri May 31, 2019 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 350
Views: 33661

Re: For those who earn $500k+ per year. How'd you do that?

I had an interesting conversation with my buddy who makes $2M total comp / year and has a mid 8 figure net worth. He was talking to his other buddy who was in the same comp/NW range. They were talking about where they felt the cutoff line was for making enough money to not care about spending. They ...
by corn18
Fri May 31, 2019 4:03 pm
Forum: Personal Investments
Topic: After tax 401k to Roth
Replies: 11
Views: 653

Re: After tax 401k to Roth

2. If you could do in-plan conversions, Once you convert to Roth...you need to leave the rollover amount it in that account for 5 years before you could access the principle. Probably a good idea to keep a separate Roth IRA so you don't mix things up as your normal contributions to Roth could be ac...
by corn18
Fri May 31, 2019 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 350
Views: 33661

Re: For those who earn $500k+ per year. How'd you do that?

This is a chart of my income, net worth vs. saving 15% of my income. I finally catch up this year to the just save 15% all the time line. Sure wish I were smarter when I was young.

Image
by corn18
Fri May 31, 2019 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 350
Views: 33661

Re: For those who earn $500k+ per year. How'd you do that?

Retired military fighter/test pilot ($100k). Transitioned to business development starting at the director level of $200M division ($150k). Moved up to VP of BD at the billion dollar level ($400k) then president of a division ($600k total comp). At the president level, comp is 1/3 salary, 1/3 bonus...
by corn18
Fri May 31, 2019 12:11 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 11008
Views: 1918031

Re: U.S. stocks in free fall

ReformedSpender wrote:
Fri May 31, 2019 12:06 pm
Image
I see a poodle. Or a mini cooper.

Rorschach
by corn18
Fri May 31, 2019 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 350
Views: 33661

Re: For those who earn $500k+ per year. How'd you do that?

One piece of advice I will offer is if you are not making $500k a year, please LBYM and save like a good BH so if you do hit $500k a year, you have options. We were debt ridden (like a LOT) always spending more than we made. Even when we were making $300k / year. We looked rich and were dead broke. ...
by corn18
Fri May 31, 2019 10:20 am
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 350
Views: 33661

Re: For those who earn $500k+ per year. How'd you do that?

Retired military fighter/test pilot ($100k). Transitioned to business development starting at the director level of $200M division ($150k). Moved up to VP of BD at the billion dollar level ($400k) then president of a division ($600k total comp). At the president level, comp is 1/3 salary, 1/3 bonus ...
by corn18
Thu May 30, 2019 1:18 pm
Forum: Investing - Theory, News & General
Topic: Market timers thread
Replies: 214
Views: 13834

Re: Market timers thread

Funny that there's absolutely no information about HOW to time the market. How to know WHEN to get out. WHEN to get in. Instead, it's just a bunch of nattering, argumentative back and forth. Here's what I observe: Gamblers are terrible at basic arithmetic. Nuff said. Okay...I'll let you in on my st...
by corn18
Wed May 29, 2019 7:07 pm
Forum: Investing - Theory, News & General
Topic: 2% withdrawal rate
Replies: 182
Views: 12718

Re: 2% withdrawal rate

skime wrote:
Wed May 29, 2019 3:18 pm
I'm of the opinion that a 2% withdrawal rate or less is the only prudent way to draw on one's portfolio for retirement before the age of 50.

Does anyone disagree with this opinion? If so, why?
I don't want to work until I'm dead in order to get to 2%, so I am targeting 4% and will use VPW.
by corn18
Tue May 28, 2019 6:03 pm
Forum: Personal Investments
Topic: Lump sum causing one's initial AA diversion?
Replies: 16
Views: 818

Re: Lump sum causing one's initial AA diversion?

Here's my IPS. It hasn't changed for many years. Thanks for this. Per an earlier question on "the need"; how did you come to realize your $xxM need and then back calculate to get to your 60/40 AA spread with your assuming annual saving rates? A simple question with a much more complex answer. The A...
by corn18
Tue May 28, 2019 9:07 am
Forum: Personal Investments
Topic: Lump sum causing one's initial AA diversion?
Replies: 16
Views: 818

Re: Lump sum causing one's initial AA diversion?

Here's my IPS. It hasn't changed for many years. INVESTMENT POLICY STATEMENT 2019 Objective: $XXM in retirement savings by age 55 (2021). Asset Allocation (AA): 60% stocks / 40% bonds with 25% of stocks international Rebalance when AA gets outside of 5% or annually Invest in very low cost index fund...
by corn18
Tue May 28, 2019 8:50 am
Forum: Personal Investments
Topic: Lump sum causing one's initial AA diversion?
Replies: 16
Views: 818

Re: Lump sum causing one's initial AA diversion?

So to recap: Your target AA is 80/20. You state your current AA is 100/0, but it's actually not because you have $165k in cash. And you're thinking about executing an AA that is up to 100% bonds. My advice is to rethink your plan and come up with an AA that you are comfortable with under all market...
by corn18
Wed May 22, 2019 9:08 pm
Forum: Personal Investments
Topic: Want to add REITs to portfolio… but how much and which funds?
Replies: 16
Views: 1501

Re: Want to add REITs to portfolio… but how much and which funds?

Why even talk about diversification when you have all that company stock? Sell it tomorrow. Then come back and discuss diversification. Just seems like a silly conversation to have until then.
by corn18
Wed May 22, 2019 7:31 pm
Forum: Investing - Theory, News & General
Topic: just a general comment about "too conservative" investors here
Replies: 151
Views: 14644

Re: just a general comment about "too conservative" investors here

I may put a link to this post in every stupid thread that pops up on here. And there are a lot of them. Although I guess if only bogleheads posted here we wouldn't have much to talk about.
by corn18
Wed May 22, 2019 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Senior management/executives
Replies: 51
Views: 4117

Re: Senior management/executives

Report it via the ethics hotline. If this is something that made you uncomfortable, there may be others. Do not go to HR.
by corn18
Tue May 21, 2019 12:26 pm
Forum: Personal Investments
Topic: Majority of Assets at USAA and Fidelity - where to consolidate
Replies: 8
Views: 728

Re: Majority of Assets at USAA and Fidelity - where to consolidate

I just moved all my investments and banking to FIDO. Only have insurance and the 2.5% CC at USAA. FIDO is so much more capable and easy to use as an investment company. And their CMA has so many more features than USAA checking / savings. So far, I am very happy.
by corn18
Sat May 18, 2019 7:27 am
Forum: Investing - Theory, News & General
Topic: Invest or Payoff Home
Replies: 38
Views: 2853

Re: Invest or Payoff Home

OP, I'm in the same boat but my mortgage is 3.75% and I am in the 37% marginal tax bracket, so I am leaving the cash in FZDXX earning 2.31%. The arbitrage isn't enough yet to make me move. And the liquidity might come in handy this year if I lose my job. FZDXX (Fidelity Premium Money Market) is not...
by corn18
Fri May 17, 2019 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage in Retirement
Replies: 73
Views: 5598

Re: Mortgage in Retirement

I'd do a 6 month CD then if you're not ready to purchase do another for same time period. Protected money and they usually carry penalties if you withdraw before maturity. You could always do several of different value. I called up Fidelity to inquire about CDs. They offered a different ‘class’ of ...
by corn18
Fri May 17, 2019 6:23 pm
Forum: Investing - Theory, News & General
Topic: Invest or Payoff Home
Replies: 38
Views: 2853

Re: Invest or Payoff Home

Here is my current situation and I'm not sure where to put my 244K cash. Payoff the mortgage or invest or keep some cash for a pullback and other opportunities or pay down the mortgage? Currently, I have 245K in an online bank earning 2.20%. I keep it here to get a decent return until I decide how ...
by corn18
Mon May 13, 2019 4:38 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 11008
Views: 1918031

Re: U.S. stocks in free fall

J G Bankerton wrote:
Mon May 13, 2019 2:49 pm
Social Security hump tax. The spreadsheet chart is my avatar. I still find it hard to believe but that chart is from a Boglehead approved spreadsheet.
Just get off the hump. It isn't that wide.
by corn18
Fri May 10, 2019 6:05 pm
Forum: Investing - Theory, News & General
Topic: 60/40 allocation criticism
Replies: 33
Views: 6641

Re: 60/40 allocation criticism

Dave55 wrote:
Sat Apr 27, 2019 8:15 am
Today, Ben Carlson shows the data for using a 60/40 portfolio from a market peak with 3 of the most challenging timeframes. The outcomes speak for themselves.

https://awealthofcommonsense.com/2019/0 ... et-peak-2/


Dave
I like that article. Gives me hope.
by corn18
Tue May 07, 2019 2:53 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 11008
Views: 1918031

Re: U.S. stocks in free fall

stocknoob4111 wrote:
Tue May 07, 2019 2:45 pm
more interested in how the week closes rather than a daily close
I wish someone could tell me where the S&P will close in Mar 2023. That would sure help my planning.
by corn18
Mon May 06, 2019 8:05 am
Forum: Personal Finance (Not Investing)
Topic: What do you do with variable bonus?
Replies: 24
Views: 1746

Re: What do you do with variable bonus?

My IPS is my guide: Objective: $X.XM in retirement savings by age 55 (2021). Asset Allocation (AA): 60% stocks / 40% bonds with 25% of stocks international Rebalance when AA gets outside of 5% or annually Invest in very low cost index funds Do backdoor Roth for myself and wife annually ($7000 me, $6...