Search found 880 matches

by Independent George
Thu Aug 27, 2020 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Is cash really king?
Replies: 35
Views: 3753

Re: Is cash really king?

Recently I went to help my mother-in-law buy a car where the game plan was to pay In cash thinking We’d get a better deal. It was informed to us that this dealership gets kick backs from the banks where they direct borrowers to and that paying in cash won’t discount the car. It's not a question of ...
by Independent George
Thu Aug 27, 2020 10:00 am
Forum: Investing - Theory, News & General
Topic: Whose being naughty and keeping some dry powder around?
Replies: 110
Views: 9323

Re: Whose being naughty and keeping some dry powder around?

I'm keeping some extra cash around in case I lose my job. Otherwise, my investments remain on autopilot as usual.
by Independent George
Wed Aug 26, 2020 3:25 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 9383
Views: 749340

Re: U.S. stocks continue to soar!

Ok, what the heck just happened today? Not that I'm complaining, mind you, but... what the heck happened today?
by Independent George
Wed Aug 26, 2020 10:11 am
Forum: Personal Consumer Issues
Topic: Low Earner... Creative ways to own a Tesla Model 3?
Replies: 101
Views: 7808

Re: Low Earner... Creative ways to own a Tesla Model 3?

I just want to reiterate the point that there is a LOT of car between a '91 Honda and a Model 3. You can easily upgrade your car (and your quality of life) without breaking the bank, and still get an even better Tesla in 4-5 years.
by Independent George
Wed Aug 26, 2020 12:34 am
Forum: Personal Investments
Topic: As a 30 year old with extremely high risk tolerance should I even be holding bonds any more or should I go 100% stock?
Replies: 166
Views: 11904

Re: As a 30 year old with extremely high risk tolerance should I even be holding bonds any more or should I go 100% stoc

I was 100% stocks in 2008 (age 31), and had no problems remaining at 90% stocks in 2020. If you genuinely have a high risk tolerance and can get through the volatility without panicking, then go ahead; you'll likely do better in the long run. I find that most people (even here at BHs) are really bad...
by Independent George
Tue Aug 25, 2020 5:14 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 9383
Views: 749340

Re: U.S. stocks continue to soar!

It makes no sense to me, but I'll take it. Automatic investments really takes away a lot (but not all) of the stress.
by Independent George
Tue Aug 25, 2020 5:12 pm
Forum: Personal Consumer Issues
Topic: Low Earner... Creative ways to own a Tesla Model 3?
Replies: 101
Views: 7808

Re: Low Earner... Creative ways to own a Tesla Model 3?

It's true that this puts OP in the upper 30% of incomes in the US, but that doesn't mean he (and I) don't feel like low earners. I make about the same, and while I'm certainly not complaining, it's extremely daunting to look at the cost of education, health care, housing, and a self-funded retireme...
by Independent George
Tue Aug 25, 2020 9:49 am
Forum: Personal Consumer Issues
Topic: Low Earner... Creative ways to own a Tesla Model 3?
Replies: 101
Views: 7808

Re: Low Earner... Creative ways to own a Tesla Model 3?

Only on Bogleheads could anyone say 75k is a 'low earner' with a straight face. Anyway, to get back to the original point, the boring (but correct) answer is that you should not buy the Tesla. Or, rather, you should not buy the Tesla right now . I don't see anything wrong with splurging when you hav...
by Independent George
Thu Aug 20, 2020 4:29 pm
Forum: Investing - Theory, News & General
Topic: Advice to a Millennial about nest egg "Critical Mass"
Replies: 150
Views: 17301

Re: Advice to a Millennial about nest egg "Critical Mass"

While I agree with the premise of saving early, take appropriate risk and etc, too bad it's unlikely to repeat the performance of 11-12% CAGR in 20 years that we saw from the late 1970s (80s and 90s were great for stock/bond performance). It's a new world now. When has it ever not been a new world?
by Independent George
Thu Aug 20, 2020 2:12 pm
Forum: Investing - Theory, News & General
Topic: Advice to a Millennial about nest egg "Critical Mass"
Replies: 150
Views: 17301

Re: Advice to a Millennial about nest egg "Critical Mass"

"When did I start teaching?" I started teaching in the 1974-1975 school year with a salary of---here I am quoting my contract, which I still have---"$9,300 and no/100 dollars." * $9,300 Base salary (BA + 36 credits, Step 2 -465 Less 5% contribution to TIAA-CREF $8,835 cash salary 1974-1975 There's ...
by Independent George
Wed Aug 19, 2020 9:19 am
Forum: Investing - Theory, News & General
Topic: They Stayed The Course
Replies: 24
Views: 4073

Re: They Stayed The Course

I guess my point was that the article maybe made it sound like those people were "staying the course" intentionally...in other words they were showing confidence in their plan, or the market, or something else. My point of view is that most of those people were just doing nothing and not even think...
by Independent George
Tue Aug 18, 2020 2:21 pm
Forum: Investing - Theory, News & General
Topic: They Stayed The Course
Replies: 24
Views: 4073

Re: They Stayed The Course

I usually try to maxout my 401k in the first few months of the year so I set my contributions high. I set it unusually high this year due to market crash and to make up for paternity leave. My yearly bonus got paid out in March and it hit the market at the rock bottom along with the employer match ...
by Independent George
Tue Aug 18, 2020 2:00 pm
Forum: Investing - Theory, News & General
Topic: They Stayed The Course
Replies: 24
Views: 4073

Re: They Stayed The Course

I wish I could have bought more than I did in March. A friend actually cashed out in February and bought back in at almost the bottom in March. His portfolio looks like a magic trick right now Yeah, I used to have people tell me that as well. If they aren't showing you their statements, it didn't h...
by Independent George
Mon Aug 17, 2020 8:49 am
Forum: Investing - Theory, News & General
Topic: Can you be a Boglehead and a financial/ investment advisor?
Replies: 16
Views: 1585

Re: Can you be a Boglehead and a financial/ investment advisor?

A financial advisor is not the same thing as a portfolio advisor; there are plenty of financial services I would pay a fee for without needing someone to handle my portfolio. I can't think of anything I would be willing to pay an AUM fee for (and that includes Vanguard PAS).
by Independent George
Wed Aug 12, 2020 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Tree section fell on my neighbor's property...who is liable
Replies: 56
Views: 5916

Re: Tree section fell on my neighbor's property...who is liable

A large section of a tree (healthy, not decayed) that is on my property fell on the neighbor's property (they are a condominium) during a recent storm. However, no damage was done to either property, and it is not in anybody's way, (although it should be removed) The caretaker of the property told ...
by Independent George
Wed Aug 12, 2020 11:10 am
Forum: Personal Investments
Topic: Moving to Cash?
Replies: 158
Views: 11491

Re: Moving to Cash?

Good reasons to move to cash right now: 1. Concern about job security/wages in an uncertain environment 2. Preparation for sudden Corona-related medical expenses 3. Preparation for sudden repair expenses due to civil unrest Bad reasons to move to cash right now: 1. Market timing 2. Market timing 3....
by Independent George
Tue Aug 11, 2020 10:29 am
Forum: Personal Investments
Topic: Moving to Cash?
Replies: 158
Views: 11491

Re: Moving to Cash?

Good reasons to move to cash right now: 1. Concern about job security/wages in an uncertain environment 2. Preparation for sudden Corona-related medical expenses 3. Preparation for sudden repair expenses due to civil unrest Bad reasons to move to cash right now: 1. Market timing 2. Market timing 3. ...
by Independent George
Tue Aug 11, 2020 10:24 am
Forum: Investing - Theory, News & General
Topic: Anyone else hoarding cash right now?
Replies: 201
Views: 21677

Re: Anyone else hoarding cash right now?

I'm hoarding cash right now because:

1. I canceled my vacation plans
2. Restaurants are still mostly closed
3. I'm concerned about my job security

This has nothing to do with fears of a societal collapse, and everything to do with risk management in a changing environment.
by Independent George
Tue Aug 11, 2020 10:18 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 9383
Views: 749340

Re: U.S. stocks continue to soar!

So... back in Feb, I thought stocks were already due for a correction, and the pandemic just provided a handy excuse; I thought the 35% drawdown was an overreaction, but I was expecting the S&P to stabilize at ~2700 and then remain stagnant for a few years while valuations sorted themselves out. Rig...
by Independent George
Fri Aug 07, 2020 12:48 pm
Forum: Personal Consumer Issues
Topic: Tales of Uncanny Security Codes
Replies: 29
Views: 2239

Re: Tales of Uncanny Security Codes

Not an uncanny security code, but my 401k had an uncanny balance of exactly 251,000.00 this morning.
by Independent George
Fri Aug 07, 2020 11:53 am
Forum: Personal Consumer Issues
Topic: Speed up old computer
Replies: 64
Views: 3485

Re: Speed up old computer

And I'm on SATA-2! I can't wait to see what NVME will do for me. Even though NVME drives put up dramatically higher benchmark numbers, in real use (other than copying large files like videos) you'll see little to no difference. The instantaneous seeks of SSDs, not transfer rate, is what makes the b...
by Independent George
Fri Aug 07, 2020 11:18 am
Forum: Personal Consumer Issues
Topic: Speed up old computer
Replies: 64
Views: 3485

Re: Speed up old computer

It's amazing how much of an improvement SSDs make. My desktop dates back to 2008, and that one simple upgrade extended its life by several years. I still plan on building a new system soon (once the global supply chain stabilizes and component prices return to normalcy), but my SSD makes that into a...
by Independent George
Thu Aug 06, 2020 5:30 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 9383
Views: 749340

Re: U.S. stocks continue to soar!

I honestly don't understand this melt-up. I at least understood the meltdown back in February even if I thought it was an overreaction. Today, not so much. I mean, I'm benefiting from it (especially since I rebalanced in March - well before it bottomed out, but I'm still up by about 2% this year). O...
by Independent George
Thu Aug 06, 2020 4:42 pm
Forum: Personal Consumer Issues
Topic: Mortgage sold - no contact from new lender
Replies: 28
Views: 2564

Re: Mortgage sold - no contact from new lender

Quick update: I got a letter from my new lender in the mail. I checked their SEC filings to make sure they were a legit bank, and verified that their registered URL is indeed the same as the one noted in the letter. They also listed my account number from my old lender; between all of these things, ...
by Independent George
Tue Aug 04, 2020 2:47 pm
Forum: Personal Consumer Issues
Topic: Mortgage sold - no contact from new lender
Replies: 28
Views: 2564

Re: Mortgage sold - no contact from new lender

When was the mortgage sold? How many days of new loan prepaid interest in days did you pay? What did the closing documents say your first payment will be due? This was not a refinance - the loan was evidently sold to a new bank, but I have no idea who my new lender is. The existing balance was paid...
by Independent George
Tue Aug 04, 2020 2:06 pm
Forum: Personal Consumer Issues
Topic: Mortgage sold - no contact from new lender
Replies: 28
Views: 2564

Re: Mortgage sold - no contact from new lender

You should be okay: https://www.consumer.ftc.gov/articles/0190-making-payments-your-mortgage-servicer Transfer of Servicing If your loan is transferred to a new servicer, you generally get two notices: one from your current mortgage servicer; the other from the new servicer. In most cases, your cur...
by Independent George
Tue Aug 04, 2020 1:57 pm
Forum: Personal Consumer Issues
Topic: Mortgage sold - no contact from new lender
Replies: 28
Views: 2564

Re: Mortgage sold - no contact from new lender

My guess is they sent something by email which got intercepted by my spam filter Did you check your spam folder? Broken Man 1999 I have - I didn't find anything, but it only goes back 30 days; if they sent an earlier communication, there's no way for me to find it. I checked the secure inbox at my ...
by Independent George
Tue Aug 04, 2020 1:28 pm
Forum: Personal Consumer Issues
Topic: Mortgage sold - no contact from new lender
Replies: 28
Views: 2564

Mortgage sold - no contact from new lender

Title pretty much says it all - my mortgage was paid off yesterday, indicating that it was purchased by a new bank, but I have not been contacted by my new lender. (My guess is they sent something by email which got intercepted by my spam filter). The 1st of the month was Saturday, so I didn't even ...
by Independent George
Mon Jul 27, 2020 11:55 am
Forum: Investing - Theory, News & General
Topic: Article claiming 401k no longer "makes sense"
Replies: 74
Views: 7991

Re: Article claiming 401k no longer "makes sense"

It's almost as the question of traditional vs Roth vs taxable depends almost entirely on your own particular circumstances, and that you shouldn't make financial decisions based on aggregate data that don't consider variables unique to your household.
by Independent George
Mon Jul 06, 2020 9:59 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 9383
Views: 749340

Re: U.S. stocks continue to soar!

I had vacation scheduled for the last two weeks; even though I didn't travel anywhere, I made a conscious effort to stay away from my computer. As far as I can tell, my portfolio is worth roughly what it was when I was when I "left", but the "soaring" and "freefall" threads have both added a lot of ...
by Independent George
Wed Jun 17, 2020 1:53 pm
Forum: Personal Consumer Issues
Topic: Best watch for $5,000+
Replies: 127
Views: 10490

Re: Best watch for $5,000+

Hopefully this gives the thread new life! Thanks. Anyone have good recommendations for the $5k - 10k price range besides the usual suspects (Rolex, Omega, Grand Seiko)? It's funny that Grand Seiko is considered one of the usual suspects. Traditionally that would have been Breitling, IWC, and Tag He...
by Independent George
Tue Jun 16, 2020 9:56 pm
Forum: Personal Consumer Issues
Topic: Online / Gun Dealer Recommendations
Replies: 101
Views: 9256

Re: Online / Gun Dealer Recommendations

I see the OP already made his purchase, but I want to add a few things for anyone else reading this thread: 1. I've had multiple people tell me their credit card info was stolen after purchasing from Palmetto State Armory. I have no personal experience with this myself, and it's a small enough sampl...
by Independent George
Tue Jun 16, 2020 9:42 pm
Forum: Personal Consumer Issues
Topic: Best watch for $5,000+
Replies: 127
Views: 10490

Re: Best watch for $5,000+

My favorite watch is a Grand Seiko spring drive. I own a Grand Seiko SBGA109 with a beautiful tatami dial. I also like my Rolex, Audemars Piguet, and Panerai watches. I really need to see the new SBGA429 once the stores re-open. I love the color contrast, and, most importantly, they finally release...
by Independent George
Sat Jun 13, 2020 9:51 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 9383
Views: 749340

Re: U.S. stocks continue to soar!

Fear not fellow bulls, futures are up tonight, 450pts+ . Word on the street it is millennials using Robin Hood to day trade that is making the market bounce like a dead cat. As soon as they have sports to bet on again they will go back to that. "Robinhood traders are not behind the rally and their ...
by Independent George
Wed Jun 10, 2020 7:21 pm
Forum: Investing - Theory, News & General
Topic: Why is the stock market up? [thread multi-merge]
Replies: 521
Views: 21792

Re: Market makes no sense

After a decade of being a stable, passive investor, I'm tempted to time the market. Can someone help talk me off the ledge? I don't understand how we can have a recession with such massive unemployment, companies going bankrupt and closing stores, a likely virus resurgence leading to further decrea...
by Independent George
Wed Jun 10, 2020 6:28 pm
Forum: Investing - Theory, News & General
Topic: Do Any Bogleheads Consider Themselves Bears?
Replies: 51
Views: 2613

Re: Do Any Bogleheads Consider Themselves Bears?

I'm definitely bearish in outlook, but behave like a bull (90/10 for the forseeable fugture). Funny enough, back in Feb/March, that was the most bullish I've felt in ages - once we went past -20%, I actually felt relief because I'd been anticipating that for years, and it finally happened. I won't s...
by Independent George
Wed Jun 10, 2020 10:45 am
Forum: Investing - Theory, News & General
Topic: You have a second chance to reduce your stock holdIng
Replies: 112
Views: 13061

Re: You have a second chance to reduce your stock holdIng

Thus far, 2020 has been textbook from the infamous Index Card insofar as the "every 5 years or so markets decline 30%+"... https://live.staticflickr.com/4715/39458149664_ff4d34d87e_o.jpg https://www.marketwatch.com/story/panicked-about-a-stock-market-crash-what-you-need-to-remember-can-fit-on-a-sin...
by Independent George
Tue Jun 09, 2020 10:10 pm
Forum: Personal Consumer Issues
Topic: New iPhone now or wait for 12 and backup question
Replies: 26
Views: 1642

Re: New iPhone now or wait for 12 and backup question

Thanks all. Good to know about not having to worry about the backup being overwritten. My 7 is irreparable and not working but the crack on the 6 isn't super bad and the phone is still functional. I was able to transfer enough stuff over where I think it'll be fine for just a few months (still need...
by Independent George
Tue Jun 09, 2020 7:28 pm
Forum: Personal Consumer Issues
Topic: New iPhone now or wait for 12 and backup question
Replies: 26
Views: 1642

Re: New iPhone now or wait for 12 and backup question

I was planning to get an iPhone 12 but smashed my 7 today. I have an old 6 plus I can use for the time being but it has a cracked screen, is slow, and I can't get my iOS 13 backup on it. I don't need much for a phone, but would like a 5-6" screen, face recognition, a good camera and it must be an i...
by Independent George
Tue Jun 09, 2020 6:05 pm
Forum: Personal Consumer Issues
Topic: Tips to stick to a weight loss diet?
Replies: 183
Views: 10276

Re: Tips to stick to a weight loss diet?

One more link regarding weight loss and health: Why We Get Slow Metabolisms & Should You Reverse Diet? Science Discussion ft. Dr. Eric Trexler They don't make any specific recommendations (which was not the point of the conversation), but they do discuss the science of weight loss and metabolism fai...
by Independent George
Tue Jun 09, 2020 2:07 pm
Forum: Personal Consumer Issues
Topic: Tips to stick to a weight loss diet?
Replies: 183
Views: 10276

Re: Tips to stick to a weight loss diet?

Protein powders are just a food, no real magic to them. Whey is just a milk product. If you want to go that route, just avoid the ones loaded up with a bunch of sugar or flavoring agents. Body builders tend to like it over eating meat/eggs/or other protein dense food because it requires little prep...
by Independent George
Tue Jun 09, 2020 1:29 pm
Forum: Personal Consumer Issues
Topic: Tips to stick to a weight loss diet?
Replies: 183
Views: 10276

Re: Tips to stick to a weight loss diet?

I have some general advice - don't concentrate on diet with weight loss in mind, but focus on making long-term changes to your nutrition and lifestyle as a whole. It's not just a matter of semantics - the reason so many people gain back weight from a diet is because people almost always think about ...
by Independent George
Tue Jun 09, 2020 12:56 pm
Forum: Investing - Theory, News & General
Topic: You have a second chance to reduce your stock holdIng
Replies: 112
Views: 13061

Re: You have a second chance to reduce your stock holdIng

I have no intention of changing my stock holdings, but I am thinking about increasing my cash position to weather a job loss. I currently have a six month emergency fund (which can be stretched to 10 months with some modest adjustments), but I'm starting to think I need to bump it up to 12-18 months...
by Independent George
Tue Jun 09, 2020 11:54 am
Forum: Personal Investments
Topic: Investing Dads Money. 78 and pension rich
Replies: 9
Views: 1514

Re: Investing Dads Money. 78 and pension rich

I would say he doesn't actually need to do anything. All of his expenses are met by his pension/SS income and he has plenty of reserve capital in case of emergency; I actually don't even care about what is in his Merril Lynch account or what the expense ratio is. If he's already choosing not to spen...
by Independent George
Tue Jun 09, 2020 11:18 am
Forum: Investing - Theory, News & General
Topic: Sitting on a bunch of cash; what to do with it if I believe we're headed for SPX 1800 and protracted recession?
Replies: 206
Views: 21863

Re: Sitting on a bunch of cash; what to do with it if I believe we're headed for SPX 1800 and protracted recession?

I just skimmed many of the answers and I didn't see any from the person who poised the question on what they decided to do. Maybe he/she hasn't decided yet in which case a great buying opportunity was missed. I should talk. I am sitting on about 2 million more in cash than I would like. Not because...
by Independent George
Tue Jun 09, 2020 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1928
Views: 470773

Re: Share your net worth progression

Is flaunting net worth in vogue, especially in these times? Reminds me when someone post, something like "can I buy this used toyota camry?" and states they have $10 million in blah blah blah funds. I don't see how it has anything to do with 'these times'. There's always something going on. This is...
by Independent George
Tue Jun 09, 2020 10:03 am
Forum: Investing - Theory, News & General
Topic: Going 100/0 to 52/48 Today (06/08/20) - Wish Me Luck
Replies: 51
Views: 5772

Re: Going 100/0 to 52/48 Today (06/08/20) - Wish Me Luck

Good luck with the MARKET TIMING! This doesn't seem like market timing, though - it sounds like he's just de-risking after attaining his financial goals. He's basically consolidated his gains at 52/48, with new money going into 100% stocks because the volatility really doesn't matter anymore given ...
by Independent George
Tue Jun 09, 2020 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1928
Views: 470773

Re: Share your net worth progression

Stupidly, I didn't keep records prior to 2012, so I'm making rough estimates based on incomplete data from Mint. I didn't do any tracking at all before 2007 (age 30), so I can't even guess at those numbers. Just as with my weight loss, I really wish I kept better records from my 'before' period. 200...
by Independent George
Mon Jun 08, 2020 4:00 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 9383
Views: 749340

Re: U.S. stocks continue to soar!

NBER: US economy officially in recession. I thought that nisiprius said that they didn't make such announcements until after the recession was over. But there's no way that that's the case right now. But of course, the recession has been a foregone conclusion for months now. Recession means two con...
by Independent George
Mon Jun 08, 2020 3:50 pm
Forum: Investing - Theory, News & General
Topic: Sitting on a bunch of cash; what to do with it if I believe we're headed for SPX 1800 and protracted recession?
Replies: 206
Views: 21863

Re: Sitting on a bunch of cash; what to do with it if I believe we're headed for SPX 1800 and protracted recession?

I just skimmed many of the answers and I didn't see any from the person who poised the question on what they decided to do. Maybe he/she hasn't decided yet in which case a great buying opportunity was missed. I should talk. I am sitting on about 2 million more in cash than I would like. Not because...