Search found 285 matches

by minimalistmarc
Mon Jul 16, 2018 4:22 am
Forum: Personal Consumer Issues
Topic: How much furniture spending is ok?
Replies: 46
Views: 3255

Re: How much furniture spending is ok?

Wow, ya'll spend a lot on furniture! I live in a 4-bedroom, 1800 sq ft home, and own about $200 worth of furniture. Got some Ikea tables (free to me) zip tied together at the legs to make a big desk. Mattress on the floor in one bedroom (the other three bedrooms are empty). An inexpensive desk chai...
by minimalistmarc
Mon Jul 16, 2018 1:46 am
Forum: Investing - Theory, News & General
Topic: Six stocks make up 98% of S&P 500 gains in 2018
Replies: 100
Views: 15804

Re: Six stocks make up 98% of S&P 500 gains in 2018

With Netflix and Amazon, I believe the idea is that they are positioned to dominate a huge industry. Bulls believe that Amazon will have a large market share of the retail industry and computer storage industries, and Netflix will dominate the TV and movie industry. If you consider the size of thes...
by minimalistmarc
Tue Jul 03, 2018 6:03 am
Forum: Investing - Help with Personal Investments
Topic: Why not go 100% stocks?
Replies: 127
Views: 15335

Re: Why not go 100% stocks?

I'm relatively young, 35, and plan to work for the next two decades. I'm in a dual physician household and enjoy working and being productive. I don't really enjoy site-seeing and traveling as much. My household income is approximately 900K with approximately 120K of annual expenses. My question is...
by minimalistmarc
Tue Jul 03, 2018 6:00 am
Forum: Investing - Help with Personal Investments
Topic: Why not go 100% stocks?
Replies: 127
Views: 15335

Re: Why not go 100% stocks?

flyingaway wrote:
Tue Jul 03, 2018 12:49 am
Making'$900k a year and wanting to work for 20 more years? Yes, you can be 100% in stocks or in almost anything else. If I were you, I would start worrying about why I want to work for 20 more years.
Some people like their job you know
by minimalistmarc
Tue Jul 03, 2018 2:41 am
Forum: Investing - Help with Personal Investments
Topic: Expected returns for 80/20 stock bond for next 10 years.
Replies: 169
Views: 13571

Re: Expected returns for 80/20 stock bond for next 10 years.

I think things will nominally double or more over the next 10 years but hopefully not as I’m accumulating over that time period. My non written IPS says to ignore all market predictions, including Bogleheads. Whatever happens with the market, keep chucking money at it until it behaves. Property is s...
by minimalistmarc
Sun Jul 01, 2018 5:41 am
Forum: Investing - Theory, News & General
Topic: Yes, It’ll Happen - Jonathan Clements
Replies: 33
Views: 7365

Re: Yes, It’ll Happen - Jonathan Clements

It reemphasizes the value of a pension. For example if your pension is 40K a year it equivalent to withdrawing 4% on a 1 million dollar account. Sort of. But with a $1M account, I have $960,000 left in my account/estate if I die one year into retirement. With the pension, not so much... The $960k i...
by minimalistmarc
Fri Jun 22, 2018 6:59 am
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 209
Views: 22411

Re: Did you celebrate when you finally hit $1m?

Pity your U.K. fellow bogleheads.

1 million pounds = 1.35 million dollars so we have a lot further to go to break the psychological barrier!
by minimalistmarc
Sun Jun 17, 2018 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13396

Re: MD&P just purchased X / sold Y [md&pharmacist]

I’ve seen enough threads like this to know that the original.posters always disappear when it goes badly - which it always does, more often than chance.

Any success would be statistically meaningless and not indicative of any true skill rather than luck.

In summary, I don’t see the point
by minimalistmarc
Sat Jun 16, 2018 3:39 am
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 152
Views: 12976

Re: Which boglehead rule do you break--and are ok with

Most of ours are what I'd call "strategic lifestyle creep" - living in Manhattan in our 30s, combined income of just under $700k (which has nearly doubled in last 3 years), with plans to try for kids in near future and sowing some wild oats with travel prior to that. Namely: 1. I pay to have my car...
by minimalistmarc
Thu Jun 14, 2018 1:11 am
Forum: Investing - Theory, News & General
Topic: Bitcoin Price Manipulation
Replies: 45
Views: 5682

Re: Bitcoin Price Manipulation

99.99% of the world population don’t care about cryptos or ever want to use them.

I still don’t understand the point.

Seems like a millennial tech fad to me, but that’s just my uneducated opinion
by minimalistmarc
Sat Jun 09, 2018 1:39 pm
Forum: Personal Consumer Issues
Topic: Foreign language immersion daycare
Replies: 50
Views: 2995

Re: Foreign language immersion daycare

If somebody paid me money I wouldn’t do this, but that’s just my opinion
by minimalistmarc
Fri Jun 08, 2018 3:00 am
Forum: Investing - Theory, News & General
Topic: Indexing will fail investors in next decade
Replies: 57
Views: 9572

Re: Indexing will fail investors in next decade

A decade of poor returns would be a minor setback
by minimalistmarc
Thu Jun 07, 2018 3:18 am
Forum: Investing - Help with Personal Investments
Topic: Fixed Income investments too conservative?
Replies: 59
Views: 4321

Re: Fixed Income investments too conservative?

I'm 47 and close to 100% fixed income. I have been earning < 1% most of the last few years on my 401k. Outside 401k it has been a bit better at < 2%. So I think it all boils down to what you are comfortable with. There are others here (a minority for sure) that are also close to or 100% fixed incom...
by minimalistmarc
Wed Jun 06, 2018 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Should I put some money aside in money market for market correction
Replies: 94
Views: 7671

Re: Should I put some money aside in money market for market correction

One warning for new investors is that bearish investors often make very intelligent sounding, rational statements as to why the market will correct.
by minimalistmarc
Sun Jun 03, 2018 5:55 pm
Forum: Personal Consumer Issues
Topic: want to buy a larger bed
Replies: 14
Views: 1423

Re: want to buy a larger bed

Wife and I are both 6 ft + and we have a superking.

Do you not get these in USA?
by minimalistmarc
Sun Jun 03, 2018 4:35 am
Forum: Personal Consumer Issues
Topic: Friends with an EJ Advisor
Replies: 49
Views: 4383

Re: Friends with an EJ Advisor

I'd call him out. Politely, of course. But simply say something along the lines of "I really like you and truly appreciate our friendship, but I sometimes feel like you're only friends with me in order to get my business. I hope that's not the case, because I really like you and truly appreciate ou...
by minimalistmarc
Sat Jun 02, 2018 3:31 am
Forum: Personal Finance (Not Investing)
Topic: 125K Spend - Would you do this ?
Replies: 53
Views: 5434

Re: 125K Spend - Would you do this ?

What about one of those electric beds where each half is separately adjustable. I’m sure I saw an advert for one of those recently.

Do you want your own bed so you can stretch out or toss and turn a lot?

Maybe even a high grade mattress topper you can put on the living room floor would do?
by minimalistmarc
Tue May 29, 2018 12:05 pm
Forum: Personal Consumer Issues
Topic: Scotland in 2019
Replies: 16
Views: 1532

Re: Scotland in 2019

Glaswegian boglehead here!

Agree Glasgow not great for tourists.

I’m currently on holiday on the Isle of Arran and my personal view is it is far nicer than Skye and easier to get to.

Avienore is another favourite near Inverness
by minimalistmarc
Thu May 24, 2018 3:31 am
Forum: Investing - Theory, News & General
Topic: Theory: Total World Index a Sure Fire Win [VT/VTWSX]
Replies: 155
Views: 15239

Re: Theory: Total World Index a Sure Fire Win [VT/VTWSX]

I can’t pretend to argue with efficient market hypothesis but my personal feelings are that which means I am not 100% total world market weight. I don’t want to be invested in Russia even if it’s 1% or less. I don’t want to be invested in Africa. I don’t want to be invested in South America. I don’...
by minimalistmarc
Sun May 20, 2018 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Life Changes
Replies: 27
Views: 3810

Re: Life Changes

Why not stay put while you build the new house, then move once it’s habitable?
by minimalistmarc
Sun May 13, 2018 10:24 am
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 13729

Re: New(ish) attending physicians in the Bay Area: Housing

Rent. Wait for the next crash. Swoop in. Definitely a safe option for physicians, as your jobs are quite recession proof. Waiting can be painful though. You say the parents are elderly and frail, but if they can give you daily child care they must be in reasonably good shape. Seems they are holding...
by minimalistmarc
Sun May 13, 2018 8:24 am
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 168
Views: 18828

Re: What Percentage CASH are you?

100 % Cash (prime money market) Two houses, 3 cars all paid for. Zero debt. Made a bundle earlier this year by market timing. Dont want to make any more as I would get into highest tax bracket, amt, extortionate medicare premiums etc Made a bundle in 2009 by timing. Both pure luck of course. Now ve...
by minimalistmarc
Sun May 13, 2018 8:21 am
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 168
Views: 18828

Re: What Percentage CASH are you?

Highest number loses right? I'm sitting at about 80% cash, and this is coming from someone who preaches 3 fund to anyone who asks. My retirement account is almost all 3 fund. Taxable had some cash already, but with a sale of a house 6 months ago, I'm sitting at 80% cash overall. I know in principle...
by minimalistmarc
Sun May 13, 2018 8:19 am
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 168
Views: 18828

Re: What Percentage CASH are you?

About 0.5% but looking to increase that to 5%.

My reason is that I have 2 young kids under 4 and a wife and I'm thinking I should keep a "safe pot" aside for their benefit rather than just sticking to my own desire of 100% invested in assets.
by minimalistmarc
Sun May 13, 2018 8:14 am
Forum: Personal Finance (Not Investing)
Topic: setting up trust- possible sibling drama may ensue
Replies: 34
Views: 3208

Re: setting up trust- possible sibling drama may ensue

Your father's wishes are for you to inherit all when he passes. For you to spread this to siblings who have taken and squandered money from your father (and you) for many years could be looked at as they have taken their inheritance in advance. All stop. The entire estate goes to you. You do not di...
by minimalistmarc
Thu May 03, 2018 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: Starting to smell like buying season?
Replies: 72
Views: 10130

Re: Starting to smell like buying season?

100% equities for me so I’m buying now and in the future. I do like to wait till I have at least a chunk of 10k to invest but once I have it in it goes
by minimalistmarc
Tue Apr 17, 2018 5:40 pm
Forum: Investing - Theory, News & General
Topic: Your Money Or Your Life
Replies: 49
Views: 7470

Re: Your Money Or Your Life

Thesaints wrote:
Tue Apr 17, 2018 5:27 pm
minimalistmarc wrote:
Tue Apr 17, 2018 5:20 pm
It is out of a strong desire to be free to do what you want.
I find it gets harder the less money I have.
Either want less or earn more :)
by minimalistmarc
Tue Apr 17, 2018 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review and Advice Sought for UK Investor
Replies: 11
Views: 1557

Re: Portfolio Review and Advice Sought for UK Investor

I wonder how another country would find out about your ISA? Given it is tax sheltered I didn’t think the broker sent anything to HMRC. I would be surprised if most people disclosed their ISA when moving abroad.
by minimalistmarc
Tue Apr 17, 2018 5:20 pm
Forum: Investing - Theory, News & General
Topic: Your Money Or Your Life
Replies: 49
Views: 7470

Re: Your Money Or Your Life

Thesaints wrote:
Tue Apr 17, 2018 4:57 pm
I know it is just me, but I can't understand all those people living very parsimoniously, only to finance a long (and a lot less secure) even more parsimonious retirement.
It is out of a strong desire to be free to do what you want.
by minimalistmarc
Sat Apr 07, 2018 3:04 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7984
Views: 1621076

Re: U.S. stocks in freefall

WhiteMaxima wrote:
Sat Apr 07, 2018 2:48 pm
The question is: Are you ready for a -40% drop, interest back to 7~8% normal level, unemployment rate up to 10% , inflation rate +5~6%?
Sure, I'm ready for any hypothetical situation you want to imagine.
by minimalistmarc
Sat Apr 07, 2018 9:50 am
Forum: Investing - Theory, News & General
Topic: Bogle on stock turbulence: ‘never seen a market this volatile to this extent in my career’
Replies: 88
Views: 13771

Re: Bogle on stock turbulence: ‘never seen a market this volatile to this extent in my career’

I could be totally off base here, but I also think that there are a lot of people that think that the market is overvalued and that we are in another bubble, and perhaps with the generally somber and muted excitement of the bull market (due to the social and political uncertainties, drama and divis...
by minimalistmarc
Mon Apr 02, 2018 1:43 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7984
Views: 1621076

Re: U.S. stocks in freefall

While a 10% drop in the markets is called a correction.... It isn't a real correction until the CASH IS KING and BUY GOLD crowd start coming out of the woodwork! I think we are here folks. It will also be a noteworthy period when the "What are you up YTD?" and "FIRE" crowd starts to chatter with ne...
by minimalistmarc
Sat Mar 31, 2018 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 14181

Re: What age is the best to give a child control of an inheritance?

Our kids are 0 and 3 and we did our wills recently. Intially we decided on 25 but then change it to 21.

My thinking was to teach my kids well about money and if I die and leave them a large inheritance and they blow it then so be it.

I don't like trying to control people.
by minimalistmarc
Fri Mar 30, 2018 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Hotel Fund Investment Oppurtunity
Replies: 9
Views: 962

Re: Hotel Fund Investment Oppurtunity

Sounds highly complex and unattractive to me.
by minimalistmarc
Fri Mar 23, 2018 5:42 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7984
Views: 1621076

Re: U.S. stocks in freefall

I hope the market stop here for another 10 years until I load them up. Would you really keep investing regularly if the market had a 0% return over 5 years, let alone 10? I definitely would. Much better than the market going up the whole time making me have to buy more expensive shares. I will buy ...
by minimalistmarc
Fri Mar 23, 2018 3:05 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7984
Views: 1621076

Re: U.S. stocks in freefall

It still doesn't appear that we're in the early stages of a recession yet (e.g. unemployment rate is below its 1 year moving average, PMI is still well above 50), so this leads me to think that this current move will be a short-lived one. However, I'm now wishing that my 401k to IRA rollover had ta...
by minimalistmarc
Wed Mar 21, 2018 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Index investing vs Real Estate/P2P/websites, etc.. How much is time worth?
Replies: 8
Views: 844

Re: Index investing vs Real Estate/P2P/websites, etc.. How much is time worth?

U.K. investor. My advice is to diversify into other assets if there is an extremely tax efficient reason to do so. For example, my wife is a non earner so I invest in P2P through her as she gets 17.5k a year tax free whereas I would have to pay 45% tax. That being said I am now at a point where all ...
by minimalistmarc
Sat Mar 17, 2018 4:55 am
Forum: Personal Consumer Issues
Topic: Time/money trade-offs with work and life balance
Replies: 46
Views: 4336

Re: Time/money trade-offs with work and life balance

In UK the decision is easy.

If you earn greater than 100k up to 122k you are taxed at 60% so the work has to be extremely easy/satisfying to think about doing it.
by minimalistmarc
Thu Mar 15, 2018 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Fixed income (european investor)
Replies: 3
Views: 343

Re: Fixed income (european investor)

FTSE do an all world index that does include emerging markets. 20% emerging markets is overweight I think they are closer to 10%
by minimalistmarc
Sun Feb 25, 2018 1:49 pm
Forum: Investing - Theory, News & General
Topic: Goldman Sachs says...
Replies: 13
Views: 2084

Re: Goldman Sachs says...

May and if, they never commit to anything on wallstreet
by minimalistmarc
Wed Feb 21, 2018 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Rant about Savings Rate
Replies: 25
Views: 2454

Re: Rant about Savings Rate

I can’t calculate mine anymore as passive income and earned income all flow to the same joint account and get reinvested. Passive income is almost equal to my take home pay so I lose track. I’ve become pretty slack and can’t even be bothered calculating my networth except maybe once a year (used to ...
by minimalistmarc
Tue Feb 20, 2018 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: What's your cash position
Replies: 105
Views: 12022

Re: What's your cash position

Almost none, usually less than 1% of my net worth. This thread is pretty pointless though. If you have cash are you: 1) Saving it for a short term goal e.g. buying a property within 5 years 2) using it as emergency savings 3) keeping it for market timing purposes I am 100% equities although I admit ...
by minimalistmarc
Mon Feb 19, 2018 4:35 am
Forum: Personal Finance (Not Investing)
Topic: What has been your most important skill in achieving financial independence?
Replies: 164
Views: 12960

Re: What has been your most important skill in achieving financial independence?

It is 95% luck, 5% skill. We are all very fortunate people, and it is a mistake to think we got here because we “deserve” it. Born in most over world locations with the same heart/mind/soul/body it wouldn’t happen. Never think you are special. I agree that luck plays an important role. I strongly d...
by minimalistmarc
Sun Feb 18, 2018 10:15 am
Forum: Investing - Help with Personal Investments
Topic: Genius Needed -- Thoughts on My Asset Allocation? [UK]
Replies: 26
Views: 2099

Re: Genius Needed -- Thoughts on My Asset Allocation? [UK]

Avoid accumulating funds/ETFs in taxable accounts as tax calculation is a nightmare when calculating the dividends.
by minimalistmarc
Sun Feb 18, 2018 5:47 am
Forum: Investing - Help with Personal Investments
Topic: Genius Needed -- Thoughts on My Asset Allocation? [UK]
Replies: 26
Views: 2099

Re: Genius Needed -- Thoughts on My Asset Allocation? [UK]

Have you considered how you will feel if hedging goes against you and the pound appreciates significantly?

I would say the chance of that happening is 50% and you will be paying much higher costs for the privilege
by minimalistmarc
Sun Feb 18, 2018 4:55 am
Forum: Personal Finance (Not Investing)
Topic: What has been your most important skill in achieving financial independence?
Replies: 164
Views: 12960

Re: What has been your most important skill in achieving financial independence?

It is 95% luck, 5% skill.

We are all very fortunate people, and it is a mistake to think we got here because we “deserve” it.

Born in most over world locations with the same heart/mind/soul/body it wouldn’t happen.

Never think you are special.
by minimalistmarc
Sat Feb 17, 2018 6:08 am
Forum: Investing - Theory, News & General
Topic: A Case for Higher Int'l Allocation? Larry Swedroe article on home bias
Replies: 113
Views: 8999

Re: A Case for Higher Int'l Allocation? Larry Swedroe article on home bias

but now I have to buy everything with devalued currency so it balances out, although my timing was quite fortunate because I had a large lump sum which was invested just prior to Brexit.

Trying to market time currency markets is even more futile than trying to time the stock market