Search found 281 matches

by Patzer
Wed Jul 29, 2020 8:22 am
Forum: Personal Investments
Topic: Should I start social security at 62 to invest it?
Replies: 74
Views: 7423

Re: Should I start social security at 62 to invest it?

I am 85% stocks, 5% gold, 5% bonds, 5% cash.... so clearly I am not risk adverse either. Longevity (living longer than you expect) is one of the biggest risks to those who are retired. Social security is the cheapest longevity insurance in the world. Look at the cost of inflation adjusted annuities ...
by Patzer
Thu Jul 23, 2020 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Pursue a Job Offer I am not ready for? Apply more pressure for my Raise? Wait?
Replies: 49
Views: 3329

Re: Pursue a Job Offer I am not ready for? Apply more pressure for my Raise? Wait?

Interesting issue. If it were me, I'd continue interviewing and I'd also set a meeting with my boss in the next two weeks where I said something like, "I know we've talked about my compensation, and you indicated that it may be several months before that was addressed, but this has become a real is...
by Patzer
Wed Jul 22, 2020 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Pursue a Job Offer I am not ready for? Apply more pressure for my Raise? Wait?
Replies: 49
Views: 3329

Re: Pursue a Job Offer I am not ready for? Apply more pressure for my Raise? Wait?

...I interview well, so I could probably get the job, but I don't think I am ready to do a good job at that level yet, so it seems short sighted to take it... I don't know your industry or the levels you talk about. I don't know how you are certain you are not ready. I don't know what your ultimate...
by Patzer
Wed Jul 22, 2020 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Pursue a Job Offer I am not ready for? Apply more pressure for my Raise? Wait?
Replies: 49
Views: 3329

Re: Pursue a Job Offer I am not ready for? Apply more pressure for my Raise? Wait?

Does the company that's recruiting you know about your promotion and how recent it was? It's possible they are aware the new role would be a stretch for you or is one you're still growing into, but that they are willing to invest in your development in order to get you on their team. After all, if ...
by Patzer
Wed Jul 22, 2020 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Pursue a Job Offer I am not ready for? Apply more pressure for my Raise? Wait?
Replies: 49
Views: 3329

Re: Pursue a Job Offer I am not ready for? Apply more pressure for my Raise? Wait?

[ If you didn't get a raise, did you actually get promoted? Is this normal in the company you work at, to promote and then delay the raise for the promotion? Did you actually get the new position and title processed in the HR system? Or is this just "you are getting that promotion once we can give ...
by Patzer
Wed Jul 22, 2020 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Pursue a Job Offer I am not ready for? Apply more pressure for my Raise? Wait?
Replies: 49
Views: 3329

Re: Pursue a Job Offer I am not ready for? Apply more pressure for my Raise? Wait?

This is tangential to your specific question, but: I just don't understand why your current employer would have given you a raise in April and then not implemented it effective immediately, or a date certain. If they had concerns about COVID's effects on the bottom line, why did they extend a raise...
by Patzer
Wed Jul 22, 2020 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Pursue a Job Offer I am not ready for? Apply more pressure for my Raise? Wait?
Replies: 49
Views: 3329

Re: Pursue a Job Offer I am not ready for? Apply more pressure for my Raise? Wait?

How's your boss and your relationship with him/her? If you have a good boss and solid relationship, I think being open about things is your best bet. "I really enjoy working here and am excited about all the opportunities but am a little disappointed my raise is still being delayed. Is there anythi...
by Patzer
Wed Jul 22, 2020 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Pursue a Job Offer I am not ready for? Apply more pressure for my Raise? Wait?
Replies: 49
Views: 3329

Re: Pursue a Job Offer I am not ready for? Apply more pressure for my Raise? Wait?

Taking a job that you do not do well in could be very bad for your career in the long run. Yea, I am used to killing it at everything I do. The prospect of being over my head, doesn't sound ideal. You also need to be skeptical. I am retired now but I had some bad experiences with headhunters that c...
by Patzer
Wed Jul 22, 2020 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Pursue a Job Offer I am not ready for? Apply more pressure for my Raise? Wait?
Replies: 49
Views: 3329

Re: Pursue a Job Offer I am not ready for? Apply more pressure for my Raise? Wait?

It sounds like you have a great job with a lot of opportunity and good future prospects. You’re just miffed about a slow raise. It *is* the middle of COVID, and I suspect your company has some extraordinary expenses right now, and their crystal ball for predicting the future is pretty murky. It doe...
by Patzer
Wed Jul 22, 2020 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Pursue a Job Offer I am not ready for? Apply more pressure for my Raise? Wait?
Replies: 49
Views: 3329

Re: Pursue a Job Offer I am not ready for? Apply more pressure for my Raise? Wait?

simplesimon wrote:
Wed Jul 22, 2020 12:40 pm
What's the harm in interviewing and seeing what they say?
If I interview for the job and get an offer, than I still have to make this decision, but under more time pressure.
So, I would rather determine my intention before deciding whether or not to interview.
by Patzer
Wed Jul 22, 2020 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Pursue a Job Offer I am not ready for? Apply more pressure for my Raise? Wait?
Replies: 49
Views: 3329

Pursue a Job Offer I am not ready for? Apply more pressure for my Raise? Wait?

I got promoted last summer, and got a large raise. I did well at the job and got promoted again 3 months ago. They promised me an additional 20% raise with the new role, but every month they push back the raise by another month. They most recently said, that other people are a higher priority, since...
by Patzer
Sun Jun 21, 2020 8:30 am
Forum: Investing - Theory, News & General
Topic: Does AUM factor into your choice of Fund?
Replies: 39
Views: 2143

Re: Does AUM factor into your choice of Fund?

I have a minimum of 100M for an ETF/Fund. Below that and I feel like their is some risk of the fund eventually losing assets and closing down. I don't have any maximum, and there is no reason to have one for passive index investments, because the fund purchases won't move particular stocks in the ma...
by Patzer
Thu Jun 11, 2020 1:49 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 234
Views: 12725

Re: Paul Tudor: Compelling case for bitcoin ?

The argument to buy Bitcoin is like he argument to buy Pets.com in 1999, because the internet is amazing and it's going to be the future. Pets.com went bankrupt in 2000 along with many of the dot com companies. The idea of the internet lived on and succeeded, but many of today's tech winners didn't...
by Patzer
Fri Jun 05, 2020 10:44 pm
Forum: Investing - Theory, News & General
Topic: Markets back near all time highs - how are you feeling and path forward ?
Replies: 238
Views: 21098

Re: Markets back near all time highs - how are you feeling and path forward ?

How are the “this time it is different!” crowd from early March feeling? To add: my path hasn’t changed one iota. I still have twice monthly paycheck deductions going to VTSAX and automatic monthly withdrawals going into VSMGX. The *only* interesting thing for me this year, it was the first time I ...
by Patzer
Fri May 29, 2020 10:48 pm
Forum: Investing - Theory, News & General
Topic: Does reinvesting TSM dividends artificially inflate one’s position in growth stocks?
Replies: 24
Views: 1418

Re: Does reinvesting TSM dividends artificially inflate one’s position in growth stocks?

Company A and B are equally profitable, it's now more expensive to buy $1 in earnings from company B and less expensive to buy $1 in earnings from company A. You argument is compelling, but flawed. The flaw in your logic is that their earnings don't stay the same. The value company pays out more of...
by Patzer
Wed May 27, 2020 6:54 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 7302
Views: 595812

Re: U.S. stocks continue to soar!

stocknoob4111 wrote:
Wed May 27, 2020 12:50 am
Futures are now well over the 200 dma, if tomorrow holds then barring any further shocks (example a 2nd wave) downside seems limited... opinions?
Stocks going higher limits the downside, eh?
Seems like it increases the downside to me.
by Patzer
Tue May 26, 2020 9:26 pm
Forum: Personal Consumer Issues
Topic: HBO Max
Replies: 38
Views: 3007

Re: HBO Max

Nope. We truly cut the cord and have not replaced with multiple streaming services. I find it funny, talking to friends and co-workers, they carry on about cutting the cord and then talk about their subscriptions. They are still paying for watching tv and nearly as much as they did on cable. ~2-3 y...
by Patzer
Tue May 26, 2020 8:57 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads: What is your largest single stock holding? (if any)
Replies: 79
Views: 4279

Re: Bogleheads: What is your largest single stock holding? (if any)

1. AT&T 2. 5% 3. I couldn't resist buying more at a 7+% yield in March and April. Especially, when I only need to get a 3% real return to meet my retirement goals. I usually limit individual stocks to 1% and this is the only exception, excluding that which I hold because of it's market cap in indexe...
by Patzer
Tue May 26, 2020 2:52 pm
Forum: Personal Consumer Issues
Topic: Pandemic buys that have improved quality of life?
Replies: 185
Views: 19244

Re: Pandemic buys that have improved quality of life?

A month of BritBox for $6.99. It is a streaming service of British shows. It helped us have new content as some of our regular content disappeared. Remington HC5855 Virtually Indestructible Haircut Kit & Beard Trimmer $34 I can give myself the same mediocre quality that the local chain place does, w...
by Patzer
Sun May 24, 2020 9:36 pm
Forum: Personal Investments
Topic: What’s the optimal turnover ratio for an ETF?
Replies: 12
Views: 660

Re: What’s the optimal turnover ratio for an ETF?

In addition to what is said above: For a taxable account turnover adds to your tax bill when there is a capital gain. That's why VTI is difficult to beat as you factor taxes into the equation. It has never distributed a taxable gain. It's unlikely it ever will. Add to that it is self-cleansing with...
by Patzer
Sun May 24, 2020 8:32 am
Forum: Investing - Theory, News & General
Topic: Minimum Safe ETF Size?
Replies: 8
Views: 760

Minimum Safe ETF Size?

What do you think the minimum safe ETF size is in terms of AUM(Assets Under Management)? Most of my assets are in ETFs with over a billion dollars in AUM (my normal minimum), but some ideas are only represented with smaller ETFs. I want to invest in some of these ideas, but I don't want to get an un...
by Patzer
Sun May 24, 2020 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Little decrease in premium after removing older car
Replies: 15
Views: 1343

Re: Little decrease in premium after removing older car

If saving on insurance is a primary reason for getting rid of an older vehicle, get an estimate on the premium for the remaining vehicles before making a decision. The annual auto insurance premiums for the current insurance year for me and my wife were listed as $455 for 26-year old station wagon ...
by Patzer
Sun May 24, 2020 8:00 am
Forum: Personal Consumer Issues
Topic: Tips to stick to a weight loss diet?
Replies: 183
Views: 9923

Re: Tips to stick to a weight loss diet?

HomerJ wrote:
Fri May 22, 2020 10:51 pm
(also apples - great snack - fill you up).
+1
Apples also reduce ghrelin production, which is the hormone that tells you that you are hungry.
by Patzer
Sun May 24, 2020 7:53 am
Forum: Personal Consumer Issues
Topic: Tips to stick to a weight loss diet?
Replies: 183
Views: 9923

Re: Tips to stick to a weight loss diet?

I guess a better question is, what are some tips to help stick to a weight loss (and then maintenance) way of eating? I do not want this discussion turning into medical advice that will get this locked. It's so easy to give into temptation. Any suggestions? This is what works for me, not necessaril...
by Patzer
Sat May 23, 2020 11:28 am
Forum: Investing - Theory, News & General
Topic: Examples of why NOT to hold individual stocks
Replies: 93
Views: 7828

Re: Examples of why NOT to hold individual stocks

That said, I don't agree with the 10% rule on individual stocks. Well good because that's not what I said or meant. :D I suggested no more than 10% if you want to hold a handful of individual stocks. For example, if you wanted to hold 5 individual stocks all at 5% of portfolio, that is probably not...
by Patzer
Sat May 23, 2020 10:57 am
Forum: Investing - Theory, News & General
Topic: Emerging Market Stocks Funds too exposed to China
Replies: 27
Views: 2334

Re: Emerging Market Stocks Funds too exposed to China

I own Vanguard Emerging Markets Index Fund in a ROTH IRA for the past 10 years. Never added to it, never pulled from it.. Reinvested all dividends. It's basically flat after 10 years. China may not be at fault for this, but the other "emerging" markets are the culprits. Looking at VWO returns compa...
by Patzer
Sat May 23, 2020 10:44 am
Forum: Investing - Theory, News & General
Topic: Examples of why NOT to hold individual stocks
Replies: 93
Views: 7828

Re: Examples of why NOT to hold individual stocks

Don't put a lot of your portfolio into any individual stock (5% max). Don't even put a lot of your portfolio into a handful of individual stocks (10% max). Investing in a broad market index fund of hundreds or thousands of stocks is safer. I agree with the 5% rule on one stock. In fact, with 1 exce...
by Patzer
Fri May 22, 2020 11:05 pm
Forum: Investing - Theory, News & General
Topic: Emerging Market Stocks Funds too exposed to China
Replies: 27
Views: 2334

Re: Emerging Market Stocks Funds too exposed to China

Are long-term returns really so closely correlated with reasonable/fair price discovery though? It sounds like you're asserting that long-term growth in Chinese companies won't be compensated because of today's lack of transparency, for example. But didn't Bogle himself reject the EMH and the idea ...
by Patzer
Wed May 20, 2020 10:10 pm
Forum: Investing - Theory, News & General
Topic: Emerging Market Stocks Funds too exposed to China
Replies: 27
Views: 2334

Re: Emerging Market Stocks Funds too exposed to China

OP, I'm curious, why do you think EM funds are too exposed to China? It is the world's 2nd-largest economy. I realize there are all kinds of issues and risks with China's market, such as lack of exposure to much of China's growth, lack of transparency, ties to state-owned enterprises, etc. But even...
by Patzer
Wed May 20, 2020 9:51 pm
Forum: Personal Consumer Issues
Topic: “Fuzzy” monitor - will moving from VGA to DVI help?
Replies: 12
Views: 615

Re: “Fuzzy” monitor - will moving from VGA to DVI help?

I am using a newer HP Elitebook Folio with an external 9 year-old Asus monitor. Currently it has a proprietary HP dock connector to a VGA cable going to the monitor. The monitor only has DVI and VGA ports. My laptop has both USB-C and a HDMI ports. Before I buy a newer, higher quality monitor, woul...
by Patzer
Mon May 18, 2020 7:15 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 7302
Views: 595812

Re: U.S. stocks continue to soar!

Lol so is no one in this thread market timing and selling now with the hopes that S&P returns to sub 2500 with Q2 earnings? Not a lot to shout about when the market is trading in a range where there is not an obvious move. I am rebalancing to my allocation (75/25) each time we have a few up days in...
by Patzer
Mon May 18, 2020 4:30 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 7302
Views: 595812

Re: U.S. stocks continue to soar!

I'm so glad I didn't react to the trolls back in February and March. That was hell reading those sell now troll posts. Calling people with a different and well researched opinion a troll is a pretty silly thing to do. I guess I was a "troll" for suggesting sell side action in late-February/early-Ma...
by Patzer
Sun May 17, 2020 2:21 pm
Forum: Personal Consumer Issues
Topic: Has Your Spending Changed Since The Shutdown?
Replies: 180
Views: 7098

Re: Spending habits during the great lock-up

My spending is down 70% so far this year, compared to last year. Spending is down at least 60% in all categories except for: Clothing (Down 40%) (Went to a wedding in February, but haven't bought anything since.) Groceries and Household Supplies (Up 30%) (Eating at home instead of out which is a dif...
by Patzer
Fri May 15, 2020 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home - low ball negotiation
Replies: 145
Views: 12441

Re: Selling home - low ball negotiation

I bought my house in 2010. I paid 92% of list, which was 80% of what comps had sold for in 2007-2008. The offer chain went: Me: 92% of list and they pay closing costs. (An hour after touring) Them: 95% of list and don't pay closing costs. (3-4 hours later) Me: 92% of list and they pay closing costs....
by Patzer
Fri May 15, 2020 10:32 pm
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10773

Re: Please tell me I'm not crazy

Sell down to have at least 6 months on hand. You "hating" having cash idle, is about as relevant as if you hated paying your mortgage. You still need an emergency fund and you still need to pay your mortgage. Think about it this way. 1. If you go through life never needing to use your emergency fund...
by Patzer
Thu May 14, 2020 5:09 pm
Forum: Personal Consumer Issues
Topic: What to do with canned chicken?
Replies: 45
Views: 3433

Re: What to do with canned chicken?

This thing is not over, she might want to keep those cans until we get through the fall/winter.
by Patzer
Thu May 14, 2020 9:44 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 19464
Views: 2695528

Re: U.S. stocks in free fall

Looking forward to the decline in equities. SPX 1800 is when I jump back in. No charting magic here -- just have an ability to realise that [MACRO, non-noise] bad = down and good = up Sorry, but the data tells a different story than the narrative, and for all the aphorisms and boomer-isms thrown ab...
by Patzer
Wed May 13, 2020 12:17 pm
Forum: Investing - Theory, News & General
Topic: Will "work from home" destroy the commercial real estate market?
Replies: 169
Views: 13648

Re: Will "work from home" destroy the commercial real estate market?

We used to work from home 1-2 days a week, our productivity has been so good the last few months that yesterday we announced that moving forward anyone that wants to can work from home can do so 100% of the time indefinitely as long as their productivity remains strong. About 12% of our office space...
by Patzer
Tue May 12, 2020 8:13 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 234
Views: 12725

Re: Paul Tudor: Compelling case for bitcoin ?

The argument to buy Bitcoin is like he argument to buy Pets.com in 1999, because the internet is amazing and it's going to be the future. Pets.com went bankrupt in 2000 along with many of the dot com companies. The idea of the internet lived on and succeeded, but many of today's tech winners didn't ...
by Patzer
Mon May 11, 2020 10:39 pm
Forum: Personal Investments
Topic: Market vs. Limit Orders
Replies: 59
Views: 3698

Re: Market vs. Limit Orders

When regularly purchasing ETFs in a taxable investment account, and assuming a DCA strategy, do you initiate market or limit orders? Why? I use market orders for anything under $250 (reinvesting a dividend, etc.). Anything in the $250-1000 range and I put in a limit at the bid, and it usually execu...
by Patzer
Fri May 08, 2020 3:17 pm
Forum: Personal Consumer Issues
Topic: Amazon issues - cannot even cancel Prime really
Replies: 59
Views: 3850

Re: Amazon issues - cannot even cancel Prime really

michaeljc70 wrote:
Fri May 08, 2020 12:36 pm
I feel I am not getting what I paid for and should get a partial refund at least. Any suggestions? I understand this is not all their fault. It isn't mine though either.
I feel like your expectations are unreasonable given the current reality.
by Patzer
Tue May 05, 2020 7:53 pm
Forum: Investing - Theory, News & General
Topic: Is Disney the most tempting value stock?
Replies: 223
Views: 13712

Re: Is Disney the most tempting value stock?

I don't know why people are focusing on the parks. Disney has made more from TV, movies, and merchandise than the parks for years now. Arguably, their inability to create new content by filming and the lack of pro sports is hurting them more now than the parks being closed. Much of that should hope...
by Patzer
Tue May 05, 2020 11:42 am
Forum: Personal Consumer Issues
Topic: Is there anything more environmentally friendly than Drano for unclogging a drain?
Replies: 80
Views: 4969

Re: Is there anything more environmentally friendly than Drano for unclogging a drain?

livesoft wrote:
Tue May 05, 2020 11:22 am
Unscrew the plug and remove the hair ball with your fingers?
+1
I do this with a pair of pliers and it lasts a lot longer than Drano.
by Patzer
Tue May 05, 2020 8:56 am
Forum: Investing - Theory, News & General
Topic: All my friends are outperforming index funds
Replies: 122
Views: 11498

Re: All my friends are outperforming index funds

I keep trying to convince my friends about the value of low-cost index investing. For the most part they are not really financially savvy and rarely even invest at all. But what little investing they have done the past 3 months has outperformed the market. This from people who know almost nothing a...
by Patzer
Sun May 03, 2020 8:54 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 19464
Views: 2695528

Re: U.S. stocks in free fall

And scanning the horizons for clouds isn't that hard I'm not going to argue with most of your points. But the above is incorrect. If it was true, Bogleheads wouldn't exist. Most of us here have been where you are... Almost everyone here at one time thought it was possible to time to market. Stay in...
by Patzer
Sun May 03, 2020 11:28 am
Forum: Investing - Theory, News & General
Topic: How to I invest in the self-driving car industry?
Replies: 64
Views: 3480

Re: How to I invest in the self-driving car industry?

Remember the pedestrian killed a couple of years ago because the software wasn’t written to account for them? Oops. The difficulty in software is the edge cases. And the big world out there is all edge cases. I manage a software engineering team. Yes, there are lots of edge cases. What is the defin...
by Patzer
Sun May 03, 2020 11:15 am
Forum: Investing - Theory, News & General
Topic: How to I invest in the self-driving car industry?
Replies: 64
Views: 3480

Re: How to I invest in the self-driving car industry?

https://www.ishares.com/us/products/307332/ishares-self-driving-ev-and-tech-etf-fund ER 0.47 Also doesn't seem to be a good exposure to the idea anyways. I.e. no I don't want to hold GM stock (which this does), because while GM might make self-driving cars someday, they will be a net loser if 3 peo...
by Patzer
Sun May 03, 2020 11:11 am
Forum: Investing - Theory, News & General
Topic: How to I invest in the self-driving car industry?
Replies: 64
Views: 3480

Re: How to I invest in the self-driving car industry?

I am personally not sold on the whole transition to self driving cars. Perhaps owning one might change my perspective. If self driving cars are done by car and/or ride share, how impatient will you be while waiting for the car to arrive if you don't have one nearby? We used to be able to wait for d...
by Patzer
Sat May 02, 2020 6:04 pm
Forum: Investing - Theory, News & General
Topic: [Berkshire Hathaway Annual Shareholder meeting]
Replies: 49
Views: 3873

Re: Berkshire Hathaway Annual Shareholder meeting

Sure looks like he is betting against the markets... April: Purchases: 426M Sales: 6,509M Not sure that’s a fair characterization of his presentation. Granted, we don’t have the details, but he was careful to state that due to exogenous circumstances, recent purchases in a sector of stocks required...
by Patzer
Sat May 02, 2020 5:35 pm
Forum: Investing - Theory, News & General
Topic: [Berkshire Hathaway Annual Shareholder meeting]
Replies: 49
Views: 3873

Re: Berkshire Hathaway Annual Shareholder meeting

Sure looks like he is betting against the markets...

April:
Purchases: 426M
Sales: 6,509M