Search found 540 matches

by Tamalak
Fri Dec 08, 2017 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Why am I still scared ? Is it actually normal ?
Replies: 81
Views: 14508

Re: Why am I still scared ? Is it actually normal ?

I would say I am generally happy, I have a great family and everybody is healthy by God's grace. I still keep thinking I could have done better and made and saved more. Financial independence is very important to me and I want to be in a situation where I do not want to be stressed about a job. Not...
by Tamalak
Fri Dec 08, 2017 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads say when they don't want to spend money?
Replies: 103
Views: 7234

Re: What do Bogleheads say when they don't want to spend money?

"No"

If I'm feeling nice, "No thanks"

The actions you take with your money do not require an explanation.
by Tamalak
Fri Dec 08, 2017 9:24 am
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 149
Views: 18972

Re: A good friend has nearly $1M in BitCoin what do I tell him?

He's a business man and a smart one at that,.... and you're a fireman/paramedic. What do you think you should tell him? :happy I kid, no knock on fire fighter or paramedics. I would tell him..... nothing. Let him do as he pleases with this. Haha. He is a firefighter and a paramedic too. That’s how ...
by Tamalak
Thu Dec 07, 2017 3:30 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin now the largest quantifiable bubble in history?
Replies: 89
Views: 8741

Re: Bitcoin now the largest quantifiable bubble in history?

That something appreciates quickly does not classify it as 'a bubble'.

Bitcoin is a bubble if its rational value is much less than its market value. So, is it?
by Tamalak
Tue Dec 05, 2017 9:27 am
Forum: Investing - Theory, News & General
Topic: Retreat to cash
Replies: 335
Views: 66538

Re: Retreat to cash

GoldenFinch wrote:
Mon Dec 04, 2017 9:45 pm
Someone I know who went to cash in the summer of 2014 and stayed out waiting for the big crash just went to 100% equities last week.

:confused
Probably means we're about to crash.

When the last bear gives up, the bull market ends.
When the last bull gives up, the bear market ends.
by Tamalak
Fri Dec 01, 2017 11:26 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 24886

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

Is there any real value behind bitcoin other than the belief that someone in the future will pay more for a coin? Will scalability challenges eventually reach a tipping point and trigger a doomsday scenario crash leaving bitcoin owners with nothing in the end? Personally I am very surprised by all ...
by Tamalak
Fri Dec 01, 2017 11:18 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 24886

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

Bitcoin is a currency. It's not a good investment in terms of average expected future returns (which is zero for any currency). But it's not a scam, either.

I would buy bitcoin if I wanted to use it as a currency is meant to be used.. to buy stuff.
by Tamalak
Mon Nov 27, 2017 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Inspiration to Work After You've Already "Won"?
Replies: 17
Views: 1994

Re: Inspiration to Work After You've Already "Won"?

I'm less inspired, I feel like I don't have the same spark, and I feel like most of my work isn't as good as things I've done a couple years ago... You're past the point where this even matters. Continue to write music if you enjoy writing it. You don't have to judge yourself any more at all. The w...
by Tamalak
Mon Nov 27, 2017 8:51 am
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 338
Views: 38014

Re: Anyone tired of the stock market going up?

No, not tired in the least. The more the market goes up, the more of a correction it would take to break even.
by Tamalak
Thu Nov 16, 2017 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Pile of Cash - What to do
Replies: 25
Views: 3466

Re: Pile of Cash - What to do

What is your 1.3 mil invested in?
by Tamalak
Thu Nov 09, 2017 3:55 pm
Forum: Investing - Theory, News & General
Topic: Selling all equities, discuss why I'm wrong. :)
Replies: 289
Views: 45080

Re: Selling all equities, discuss why I'm wrong. :)

Huh. OP pulling out was the same month and year that I finally entered the market (100% VT, hundreds of thousands of dollars).

I've been pretty happy with the results!
by Tamalak
Thu Nov 09, 2017 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: How old are you and how much do you save for retirement a year
Replies: 244
Views: 33003

Re: How old are you and how much do you save for retirement a year

Age 34. Make about 90k. Save about 45k/yr. Have presently 410k. Want to leanFIRE at about 1million at age 40+. Or at least change careers to something less lucrative and more fun.
by Tamalak
Mon Nov 06, 2017 9:35 am
Forum: Investing - Theory, News & General
Topic: U.S. & International Allocation
Replies: 57
Views: 12030

Re: U.S. & International Allocation

To the original point however, a 50% Total Stock and 50% Total International has to be a "sweat spot" for Bogleheads in terms of simplicity and not speculating on the future direction of the domestic and international markets. I really think this, and any other 'static percentage' allocations (incl...
by Tamalak
Thu Nov 02, 2017 10:35 am
Forum: Investing - Theory, News & General
Topic: the One investment to rule them all?
Replies: 25
Views: 3903

Re: the One investment to rule them all?

My rule of thumb is.. 4% withdrawal rate is safe if you're retiring at a standard age, 3% is safe if you're retiring young, and 2% will increase your portfolio even if you retire young. So think about the ABSOLUTE MINIMUM you could retire on and multiply by 50, that's one number. Now think about wha...
by Tamalak
Tue Oct 31, 2017 8:53 am
Forum: Investing - Theory, News & General
Topic: Emotional impact of spending down assets?
Replies: 100
Views: 12464

Re: Emotional impact of spending down assets?

Because people, no matter what they tell themselves they feel and what others tell them they should feel, don't want to die.

But as a society it's so impolite to express that opinion that people are in denial that they have it, and then get confused by their own emotions :confused
by Tamalak
Fri Oct 20, 2017 11:26 am
Forum: Investing - Theory, News & General
Topic: 401k "only" up 13.5% YTD
Replies: 26
Views: 3209

Re: 401k "only" up 13.5% YTD

BOGLE WAS WRONG ABOUT INTERNATIONAL for the last few months I guess
by Tamalak
Wed Oct 18, 2017 9:19 am
Forum: Investing - Help with Personal Investments
Topic: bitcoin makes you rich
Replies: 49
Views: 6167

Re: anhybody buying bitcoin

anybody buying bitcoin I'm buying with a small amount when I hear one guy just made 6 million with the investment of $ 50 k ( true story ????) so what do you take on this No, I don't buy currency to make money. The forward-looking average expected return on currency is zero. The forward-looking ave...
by Tamalak
Wed Oct 18, 2017 8:25 am
Forum: Investing - Theory, News & General
Topic: The overselling of international diversification
Replies: 56
Views: 6699

Re: The overselling of international diversification

Recently internationals have shown increased revenues, profits, and most importantly increased exports. ...and by the time you see this it's too late to profitably invest. That's why I invest in everything, all the time, the Total Market. That's the philosophy Bogle and his followers originally rec...
by Tamalak
Thu Oct 12, 2017 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Need help investing $1M in today's market
Replies: 24
Views: 4728

Re: Need help investing $1M in today's market

Timing the market is a felony. DCAing is a misdemeanor. Neither are wise or rational, but go ahead and DCA over a year or two if the alternative would be 'waiting for a dip' or the like.

What would be better is lump summing into the market at an asset allocation conservative enough to let you sleep.
by Tamalak
Sun Oct 08, 2017 3:40 am
Forum: Investing - Theory, News & General
Topic: Has your "risk tolerance" been tested?
Replies: 105
Views: 8846

Re: Has your "risk tolerance" been tested?

Nope. I dumped my money into 100% VT stock in Sept 2015 (during a nice dip). It's been a smooth ride up so far, aside from an initial 10% drop that didn't bother me.
by Tamalak
Thu Oct 05, 2017 7:57 am
Forum: Personal Finance (Not Investing)
Topic: another 2 comma club member
Replies: 48
Views: 5279

Re: another 2 comma club member

Billionaire wrote:
Wed Oct 04, 2017 5:05 pm
Congrats!! I remember when I hit the three comma club, it was quite a thrill. Now The Thrill is Gone.
Give me money until you're down to 999 million, and then experience the thrill all over again! :twisted:
by Tamalak
Tue Oct 03, 2017 1:09 pm
Forum: Investing - Theory, News & General
Topic: How do you avoid bad market timing for lump sum investments?
Replies: 67
Views: 8224

Re: How do you avoid bad market timing for lump sum investments?

If you've been invested for 20 years and the market drops 10%, you lose 10%.

If you invested yesterday and the market drops 10%, you lose 10%.

The first scenario doesn't FEEL as bad, but it IS as bad.

You buy your portfolio every day.
by Tamalak
Wed Sep 27, 2017 11:17 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones (again)
Replies: 28
Views: 2775

Re: Edward Jones (again)

Edward Jones' ability to think up ways to screw you exceeds your ability to imagine ways they can screw you.

There may not be a "shortage" of questions on Edward Jones but there is only one question that matters, should you use Edward Jones? The answer is NO.
by Tamalak
Thu Sep 21, 2017 9:05 am
Forum: Investing - Theory, News & General
Topic: Reuters article - Vanguard asks passive investors to pay attention for proxy vote
Replies: 6
Views: 1789

Re: Reuters article - Vanguard asks passive investors to pay attention for proxy vote

Thanks for this. I was planning to ignore the 'vote now!' banner but if they actually need my vote to avoid expenses, I'll go for it.
by Tamalak
Fri Sep 15, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Advice Badly Needed---Meeting with Financial Advisor
Replies: 49
Views: 4937

Re: Advice Badly Needed---Meeting with Financial Advisor

OP, I'm impressed by how you managed to stand your ground against this scum, even though you were totally unprepared for the meeting and unsure of yourself. You're a rare breed.
by Tamalak
Fri Sep 08, 2017 4:08 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 191
Views: 20327

Re: Bitcoin in 3-fund indexed portfolio?

No, there's no place for bitcoin. Bitcoin is a currency. The average forward-looking expected return on a currency is zero. The average forward-looking expected real return on a currency is zero minus inflation. Take a moment to feel good for lottery winners, and then move on. The argument for Bitc...
by Tamalak
Fri Sep 08, 2017 12:19 pm
Forum: Investing - Theory, News & General
Topic: Irrational fears?
Replies: 23
Views: 2490

Re: Irrational fears?

There is safety in numbers. You are one of millions of people invested in Vanguard. The scenarios you describe, I think, have never happened. If they DID happen to someone, the chances are one in millions that it would be you. You are a pigeon in a mountain of pigeons, whether or not there is a fox ...
by Tamalak
Fri Sep 08, 2017 12:13 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 191
Views: 20327

Re: Bitcoin in 3-fund indexed portfolio?

No, there's no place for bitcoin. Bitcoin is a currency. The average forward-looking expected return on a currency is zero. The average forward-looking expected real return on a currency is zero minus inflation. Take a moment to feel good for lottery winners, and then move on. The argument for Bitc...
by Tamalak
Fri Sep 08, 2017 10:18 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 191
Views: 20327

Re: Bitcoin in 3-fund indexed portfolio?

No, there's no place for bitcoin. Bitcoin is a currency. The average forward-looking expected return on a currency is zero. The average forward-looking expected real return on a currency is zero minus inflation.

Take a moment to feel good for lottery winners, and then move on.
by Tamalak
Wed Sep 06, 2017 2:09 pm
Forum: Investing - Theory, News & General
Topic: How much weight do you put on back-testing?
Replies: 53
Views: 4622

Re: How much weight do you put on back-testing?

I use the historical average gain of the total stock market (6%-ish real) as a vague guess as to average expected future returns. I will not be shocked at all if it's wildly different. Stocks are shares in a VENTURE to try to create wealth, and every venture is new.
by Tamalak
Fri Sep 01, 2017 9:06 am
Forum: Investing - Theory, News & General
Topic: Ethereum (cryptocurrency) flash crash, 6/21/2017, $339->$0.10 in "seconds"
Replies: 30
Views: 5850

Re: Ethereum (cryptocurrency) flash crash, 6/21/2017, $339->$0.10 in "seconds"

I never understood the need for circuit breakers. Who cares if idiots privately trade shares of the same company - or currency - I'm holding for 80% less than fair value? It doesn't change the company. And it only temporarily changes the market value of the company's shares unless that 80% loss is j...
by Tamalak
Tue Aug 29, 2017 2:58 pm
Forum: Investing - Theory, News & General
Topic: Learning from loss
Replies: 23
Views: 3262

Re: Learning from loss

I think people tend to rationalize losses as a "lesson" more often than actually learning a lesson from them. I remember when GTAT went belly up and people lost their life savings many were "oh but I learned so much". No you didn't, you already knew how foolish putting everything in one speculative ...
by Tamalak
Tue Aug 29, 2017 7:13 am
Forum: Investing - Theory, News & General
Topic: Perhaps you shouldn't rebalance your international stock allocation
Replies: 21
Views: 5242

Re: Perhaps you shouldn't rebalance your international stock allocation

I hold VTI and VXUS at cap, and you're right that there's not a lot of need for rebalancing, but what about new IPOs? Those won't increase the value of a fund but they will increase the capitalization of that region.
by Tamalak
Fri Aug 25, 2017 3:25 pm
Forum: Investing - Theory, News & General
Topic: John Bogle video (discusses international)
Replies: 44
Views: 5186

Re: John Bogle video (discusses international)

Bogle was wrong about international VTI up 0.24% today VXUS up 0.64% Q.E.D.
by Tamalak
Fri Aug 25, 2017 8:29 am
Forum: Investing - Theory, News & General
Topic: Passive investing is a Ponzi scheme
Replies: 77
Views: 7755

Re: Active investing is a Ponzi scheme

Active investing (with high fees) is a simple scam, not a Ponzi scheme. It doesn't have anything like the structure of a Ponzi scheme.
by Tamalak
Wed Aug 23, 2017 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Scary times.. not really. Rebalance recommendations?
Replies: 9
Views: 2477

Re: Scary times.. not really. Rebalance recommendations?

Jack FFR1846 wrote:
Wed Aug 23, 2017 10:37 am
I firmly believe and follow Jack Bogle's quote about future returns:

"Nobody knows nothing"
"Nobody knows nothing, except U.S. stocks are better to invest in than international. We totally know that." -Bogle
by Tamalak
Wed Aug 23, 2017 8:39 am
Forum: Personal Consumer Issues
Topic: Would you hire an obese nanny?
Replies: 81
Views: 4804

Re: Would you hire an obese nanny?

No, I would not hire someone who is obviously unhealthy, especially ill health that is self-inflicted.
by Tamalak
Wed Aug 23, 2017 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Are US S&P 500 Index funds speculative investments?
Replies: 63
Views: 6206

Re: Are US S&P 500 Index funds speculative investments?

A thimble factory produces something. A box of thimbles doesn't.

A thimble factory is an investment, a box of thimbles is speculation.

The above is true no matter how much or how little I know about thimbles.

So which one is the S&P?
by Tamalak
Tue Aug 22, 2017 12:08 pm
Forum: Investing - Theory, News & General
Topic: Total World (VT, VTWSX) Tilt? Simplicity...
Replies: 35
Views: 6431

Re: Total World (VT, VTWSX) Tilt? Simplicity...

spdoublebass wrote:
Tue Aug 22, 2017 11:54 am
Tamalak wrote:
Tue Aug 22, 2017 8:02 am
I WOULD hold VT if the ER was lower. Instead I hold VTI/VXUS at cap with each other.
BRK.A is .25% of VT and .04% of VTI
BRK.B is .43% of VT and 0% of VTI
Huh, really? Why??
by Tamalak
Tue Aug 22, 2017 11:27 am
Forum: Investing - Help with Personal Investments
Topic: How to Become a Spender?
Replies: 16
Views: 2017

Re: How to Become a Spender?

Figure out what will bring you happiness and do that. It doesn't matter if it's cheap or pricy. You have no obligation to spend your money!
by Tamalak
Tue Aug 22, 2017 9:44 am
Forum: Investing - Help with Personal Investments
Topic: Which dividends to take?
Replies: 4
Views: 772

Re: Which dividends to take?

If you can live off VTI dividends why not just retire now?
by Tamalak
Tue Aug 22, 2017 9:20 am
Forum: Investing - Help with Personal Investments
Topic: 33 years old, how am I doing ?
Replies: 54
Views: 9758

Re: 33 years old, how am I doing ?

OP, financially you're doing fine, but I would see a psychologist for your validation- and attention-seeking behavior :oops:
by Tamalak
Tue Aug 22, 2017 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Jobs that pay over $100,000
Replies: 157
Views: 20472

Re: Jobs that pay over $100,000

So many people chastising this kid to "chase his passion". I have a couple friends who swallowed that advice wholesale from their idiot boomer parents, now they're in $150,000 debt for a degree in therapeutic basket weaving appreciation. Maybe this kid's passion is making a ton of money so he's free...
by Tamalak
Tue Aug 22, 2017 8:02 am
Forum: Investing - Theory, News & General
Topic: Total World (VT, VTWSX) Tilt? Simplicity...
Replies: 35
Views: 6431

Re: Total World (VT, VTWSX) Tilt? Simplicity...

I WOULD hold VT if the ER was lower. Instead I hold VTI/VXUS at cap with each other.
by Tamalak
Mon Aug 21, 2017 9:37 am
Forum: Investing - Theory, News & General
Topic: Irrational Despair?
Replies: 39
Views: 7015

Re: Irrational Despair?

"7 signs" the stock market is ready to run smack into a wall?

Was this right next to a link telling you how to "avoid market crashes with this one weird trick!"? :oops:

"Bear markets hate him!"
by Tamalak
Fri Aug 18, 2017 3:39 pm
Forum: Investing - Theory, News & General
Topic: How much international stock? A suggestion.
Replies: 754
Views: 99050

Re: How much international stock? A suggestion.

My decision was 0% International. Two years later, I am wondering 'why I am so smart'? I look and see its up..now I'm thinking I would be smart to get international in general but not now.... Market timing is hard. :oops: Consternation. And this is what tilting results in. Even on those years when ...
by Tamalak
Fri Aug 18, 2017 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Lost $7000 today in ONE DAY!
Replies: 183
Views: 20019

Re: Lost $7000 today in ONE DAY!

2015 wrote:
Fri Aug 18, 2017 1:49 pm
Unbelievable that a thread like this would warrant 3 pages. Really?
You're just jealous because 2017's more exciting than you.
by Tamalak
Fri Aug 18, 2017 9:42 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8615
Views: 1680270

Re: U.S. stocks in freefall

I'll bite because I admit I'm still learning--and I am genuinely interested. How exactly do we lose money if we don't sell the shares and actually realize the loss? If I have a wallet with $100 in it, and someone steals $10 out of it, is it a real loss then, or when I open the wallet and take the m...
by Tamalak
Fri Aug 18, 2017 9:19 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8615
Views: 1680270

Re: U.S. stocks in freefall

I'll bite because I admit I'm still learning--and I am genuinely interested. How exactly do we lose money if we don't sell the shares and actually realize the loss? If I have a wallet with $100 in it, and someone steals $10 out of it, is it a real loss then, or when I open the wallet and take the m...
by Tamalak
Fri Aug 18, 2017 8:45 am
Forum: Investing - Help with Personal Investments
Topic: Lost $7000 today in ONE DAY!
Replies: 183
Views: 20019

Re: Lost $7000 today in ONE DAY!

Man, I understand the whole 'it's only paper losses' thing, and I see the value in thinking that way if you're trying to soothe your anxiety about buy and hold. But it's just factually wrong, for something SO liquid as a stock. You really are making/losing THOUSANDS of dollars most days. Practically...