Search found 2327 matches

by CyclingDuo
Thu Jun 13, 2019 7:01 am
Forum: Personal Consumer Issues
Topic: Fixing financial "leakage" - what do you do?
Replies: 23
Views: 3471

Re: Fixing financial "leakage" - what do you do?

What minor financial "leaks" do people have on their list? Basically, easy things that we can all do that help save more money. Note that this is a different list than giving up things you enjoy because you are trying to save money. These are things that really don't impact your quality of life, bu...
by CyclingDuo
Wed Jun 12, 2019 9:07 pm
Forum: Personal Investments
Topic: Starbucks; buy, sell, hold?
Replies: 41
Views: 3296

Re: Starbucks; buy, sell, hold?

Anyone hold and have any thoughts on SBUX over the next 3-5 years? It's one of the few individual stocks I own and I bought shares 10 years ago. Needless to say it's done very well. It's about 2% of my retirement holdings and is in a traditional IRA. My advisor has tried to get me to sell it or tri...
by CyclingDuo
Wed Jun 12, 2019 9:05 am
Forum: Personal Investments
Topic: Asset allocation for those in their late fifties
Replies: 35
Views: 3800

Re: Asset allocation for those in their late fifties

I was curious if you are in your late 50s what is your current asset allocations to stocks and bonds. Right now we 56% stock/ 36% bond/ The rest is cash (our emergency fund) U.S stock 46%/ 10% Intl stock 36% bonds of which 6% are in Intl. bonds. Ages 57/61 in our household. Been moving slowly these...
by CyclingDuo
Wed Jun 12, 2019 8:55 am
Forum: Personal Finance (Not Investing)
Topic: [Proposed changes to 401(k) and IRAs]
Replies: 85
Views: 3753

Re: "Help Is Almost Here for Retirement Savers"

Sandtrap wrote:
Wed Jun 12, 2019 8:30 am
Although there are some areas where I "draw the line" as I have a "brown thumb". :wink:
j :happy
So at least you're good at some form of plumbing? :mrgreen:
by CyclingDuo
Wed Jun 12, 2019 8:13 am
Forum: Personal Finance (Not Investing)
Topic: [Proposed changes to 401(k) and IRAs]
Replies: 85
Views: 3753

Re: "Help Is Almost Here for Retirement Savers"

Compare that with the current system, under which Americans with individual accounts must currently decide how to invest their retirement savings as they are accumulating them. That was an insane idea. Why did we turn ordinary Americans into money managers, burdened with the task of figuring out wh...
by CyclingDuo
Wed Jun 12, 2019 7:23 am
Forum: Investing - Theory, News & General
Topic: The impact of Baby Boomers on the Future of U.S. Stocks
Replies: 41
Views: 5388

Re: The impact of Baby Boomers on the Future of U.S. Stocks

Overall, though, I'm not super concerned about all this though. If you save more than your peers, you get more than your peers in retirement. If the economy does well, asset prices go higher and everyone gets to have more stuff when retired. If it doesn't do well, then future retirees will have to ...
by CyclingDuo
Tue Jun 11, 2019 8:00 am
Forum: Personal Investments
Topic: Advice [change to 3 fund?]
Replies: 3
Views: 387

Re: Advice [change to 3 fund?]

First time posting. Been reading many posts here the past few months, lots of helpful info. I switched to vanguard from EJ a year ago. So seeking advice if I should go to a 3 fund portfolio from my current setup. I currently have: $97K I’m 40 and I will also receive a nice pension when I retire. Vt...
by CyclingDuo
Tue Jun 11, 2019 7:55 am
Forum: Personal Investments
Topic: Your Current Holdings & Asset Allocation
Replies: 3
Views: 771

Re: Your Current Holdings & Asset Allocation

What are your current holdings and asset allocation? (include age/risk tolerance) Answering your question isn't going to yield anything worthwhile for your own specific needs as there are too many variables involved to determine one's AA. Job stability, diversity of income, age, need, goals, pensio...
by CyclingDuo
Mon Jun 10, 2019 7:50 pm
Forum: Personal Investments
Topic: Do any teachers here use Aspire for 457 or 403(b) plans
Replies: 6
Views: 539

Re: Do any teachers here use Aspire for 457 or 403(b) plans

My school district recently added them as a 457 plan. I currently use Vanguard for my 403(b), but I am close to maxing that out and am looking to contribute to a 457 plan. The pros: it offers a huge array of funds. They only charge .15 expense and $40 a year, unlike CalSTRS Pension 2 (.25 expense) ...
by CyclingDuo
Mon Jun 10, 2019 6:00 pm
Forum: Personal Investments
Topic: Rethinking Individual Stocks
Replies: 76
Views: 7381

Re: Rethinking Individual Stocks

It's a pretty well diversified basket. 4 bank stocks (BAC, JPM, WFC, AXP), big tech (AMZN, AAPL, FB, MSFT, GOOGL) which are up a ton, Home Depot, Walmart, CVS, Visa, McDonalds. Most of them aren't more than 2% of the total portfolio. I may gradually begin selling some shares, especially the FAANG s...
by CyclingDuo
Mon Jun 10, 2019 10:19 am
Forum: Personal Investments
Topic: $1.5M - My investment plan, Your advice/suggestions
Replies: 17
Views: 4038

Re: $1.5M - My investment plan, Your advice/suggestions

Hello...I have $1.5M in my former employer's 401K (recently retired). My plan is to roll that over into an IRA. Won't need to make any withdrawals for about 5 years at which time RMDs will be due. With what I understand there to be a $500K insured max at each brokerage firm, my plan was to roll ove...
by CyclingDuo
Mon Jun 10, 2019 10:03 am
Forum: Personal Investments
Topic: Rethinking Individual Stocks
Replies: 76
Views: 7381

Re: Rethinking Individual Stocks

It's a pretty well diversified basket. 4 bank stocks (BAC, JPM, WFC, AXP), big tech (AMZN, AAPL, FB, MSFT, GOOGL) which are up a ton, Home Depot, Walmart, CVS, Visa, McDonalds. Most of them aren't more than 2% of the total portfolio. I may gradually begin selling some shares, especially the FAANG s...
by CyclingDuo
Sun Jun 09, 2019 11:19 am
Forum: Investing - Theory, News & General
Topic: Investing Techniques For People Approaching Retirement In This Aging Bull Market
Replies: 35
Views: 5370

Re: Investing Techniques For People Approaching Retirement In This Aging Bull Market

Diversify across factors . Read Larry Swedroe’s Reducing The Risk Of Black Swans. Diversification is always important, but more important over critical short periods like a few years on either side of retirement date. I think this is the most useful strategy. The book by Larry explains it well. htt...
by CyclingDuo
Sat Jun 08, 2019 11:11 am
Forum: Investing - Theory, News & General
Topic: Investing Techniques For People Approaching Retirement In This Aging Bull Market
Replies: 35
Views: 5370

Re: Investing Techniques For People Approaching Retirement In This Aging Bull Market

I would like us to discuss broad investment techniques for those approaching retirement and already have sizable/adequate assets BUT want to continue to participate in the market without getting hit by a huge downdraft. You make sure your asset allocation is set to meet your current and future need...
by CyclingDuo
Fri Jun 07, 2019 8:13 pm
Forum: Personal Investments
Topic: new here, best fund advice
Replies: 5
Views: 524

Re: new here, best fund advice

would vanguard total stock market index fund visax be a better fund than invesco qqq trust fund in Roth IRA. invesco fund is 381% over 10 years. vanguard fund up 231% Vanguard Total Stock Market Fund is more diversified and over the longer term would be an excellent choice to capture the entire mar...
by CyclingDuo
Fri Jun 07, 2019 12:42 pm
Forum: Personal Investments
Topic: very concerned about stock and bond movement
Replies: 26
Views: 2112

Re: very concerned about stock and bond movement

livesoft wrote:
Fri Jun 07, 2019 12:03 pm
To the OP (james7777), What would it take you to post a message that said, "I am unconcerned about stock and bond movement."
:beer

Yes, that is the best question for the OP to answer!
by CyclingDuo
Fri Jun 07, 2019 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Attn: teachers....Daughter considering 80% teaching position. Good idea?
Replies: 64
Views: 5044

Re: Attn: teachers....Daughter considering 80% teaching position. Good idea?

My daughter just got an M. Ed. in Biology and has had numerous desirable job offers. The job she is most interested in is only offering her an 80% teaching (and salary) position for the first year (teaching HS biology). Starting salaries at the other schools are about $50K. She would make $40K year...
by CyclingDuo
Fri Jun 07, 2019 9:29 am
Forum: Personal Finance (Not Investing)
Topic: how to deal with people who are not living boglehead way of life
Replies: 45
Views: 2831

Re: how to deal with people who are not living boglehead way of life

I am 36, single guy and consider myself boglehead but i live around people who never heard about boglehead way of life. My question is, what you can you do to help when a person/people close you (family member, friends) keep making financial mistake one after another. Examples, people around me don...
by CyclingDuo
Sun Jun 02, 2019 8:49 pm
Forum: Investing - Theory, News & General
Topic: How did you all do in the month of May, 2019
Replies: 126
Views: 10269

Re: How did you all do in the month of May, 2019

yousha wrote:
Fri May 31, 2019 8:54 pm
My portfolio was down 50k.
Down over $100K. :arrow:
by CyclingDuo
Sun Jun 02, 2019 8:14 pm
Forum: Investing - Theory, News & General
Topic: Portfolio For Lottery Winner
Replies: 8
Views: 1358

Re: Portfolio For Lottery Winner

I have a feeling that I'll be winning Powerball soon. I have a feeling you will be singing at full tenor voice "Nessun Dorma" in the original key - in a hot tub in Tuscany region of Italy - surrounded by beautiful bikini clad women with the temperature at a perfect 81 degrees (27.2C) while drinking...
by CyclingDuo
Sun Jun 02, 2019 10:10 am
Forum: Personal Investments
Topic: 31 and needing outsider critique on finances - Correct Format!
Replies: 38
Views: 5037

Re: 31 and needing outsider critique on finances

Good morning bogleheads! I am a long time reader(4.5 years) who has decided to finally make an account and participate. I am hoping to get a critique of where I am and thoughts on where I should go from a financial stand point. Here is the info: 31 years old Married filing jointly No kids yet 80k h...
by CyclingDuo
Sun Jun 02, 2019 9:57 am
Forum: Personal Investments
Topic: 31 and needing outsider critique on finances - Correct Format!
Replies: 38
Views: 5037

Re: 31 and needing outsider critique on finances

Good morning bogleheads! I am a long time reader(4.5 years) who has decided to finally make an account and participate. I am hoping to get a critique of where I am and thoughts on where I should go from a financial stand point. Here is the info: 31 years old Married filing jointly No kids yet 80k h...
by CyclingDuo
Fri May 31, 2019 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 221
Views: 12791

Re: Should I encourage my kids to work in high school/college?

https://www.the74million.org/new-economics-paper-shows-that-high-school-and-college-jobs-leads-to-higher-wages-later-in-life/ https://www.nber.org/papers/w24160 I didn't get the important info. How were those studies controlled (i.e. causality and not correlation)? And how would you avoid ethical i...
by CyclingDuo
Fri May 31, 2019 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 221
Views: 12791

Re: Should I encourage my kids to work in high school/college?

To repeat my point: I'm interested if there is a study of a random sample of high school kids who worked low wage jobs and their future earnings. I couldn't find anything. Maybe it's folk wisdom that's repeated too often that it becomes ingrained in American culture. Regardless of whether it's true...
by CyclingDuo
Thu May 30, 2019 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Fun paid jobs after FIRE
Replies: 180
Views: 16543

Re: Fun paid jobs after FIRE

I've thought about being a substitute teacher after I quit working my "real job." Local school district pays $135 per day, and are always looking for more substitute teachers. - no summer hours - decide each day whether I want to work - no planning stress - school lets out early/mid afternoon. Plen...
by CyclingDuo
Thu May 30, 2019 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 221
Views: 12791

Re: Should I encourage my kids to work in high school/college?

Yes. I believe all kids should work. You learn a lot of important lessons on these type of jobs. I started at age 11 with a paper route, had to collect from customers on weekends. That's when I learned my first lesson on managing accounts receivable and cash flow. I still had to pay for the papers,...
by CyclingDuo
Thu May 30, 2019 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 221
Views: 12791

Re: Should I encourage my kids to work in high school/college?

You probably did not miss anything by not working at McDonald's (or wherever). I worked a couple of different low wage jobs for a couple of days in HS/College. There really isn't that much to learn. BTW, if you mow your own lawn, you are effectively working a low wage job. You're welcome. The numbe...
by CyclingDuo
Thu May 30, 2019 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 221
Views: 12791

Re: Should I encourage my kids to work in high school/college?

Good luck proving that Bogle and Buffet did well BECAUSE of their high school jobs and couldn't succeed without them. Also, good luck proving that your kid is the next Buffet and what helped Buffet helps your kids too. I would leave alone the fact that none in that list is my or my kid's role model...
by CyclingDuo
Thu May 30, 2019 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 221
Views: 12791

Re: Should I encourage my kids to work in high school/college?

Well.. Other than perfect studies, we have the impressions of large samples by the professor in this thread. Also, a general law of diminishing returns, so you would think too much of anything is pointless This is what the research tends to suggest https://www.cnbc.com/2017/10/04/students-who-work-...
by CyclingDuo
Thu May 30, 2019 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Fun paid jobs after FIRE
Replies: 180
Views: 16543

Re: Fun paid jobs after FIRE

I can dream of FIRE. Hopefully over the next 10 years. What kind of fun (paid) job do you have after FIRE? I'm just looking for ideas, and would want to frame the question to paid work only. I think the characteristics I would like are: 1. Minimal/Flexible hours. 2. Local/no freeway 3. Perhaps tran...
by CyclingDuo
Tue May 28, 2019 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Teaching jobs
Replies: 79
Views: 4737

Re: Teaching jobs

My wife just received her Masters degree in teaching, with a certification in both Math and Science. She has 10 years experience in running a small business, substituted at all the local schools and made a strong impression during her internship (not to mention graduated with a 4.0 while working fu...
by CyclingDuo
Tue May 28, 2019 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 221
Views: 12791

Re: Should I encourage my kids to work in high school/college?

This topic is not about my life, although I am not trying to fool anyone. The main idea I want to express is that if one can afford to avoid minimum wage low value work it’s a very good idea, assuming that the time is not wasted on a even lower value endeavor. Don’t you think that working makes me ...
by CyclingDuo
Sun May 26, 2019 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 221
Views: 12791

Re: Should I encourage my kids to work in high school/college?

CyclingDuo wrote: Excellent post and observations, Rus In Urbe. I can relate in a similar manner to the bolded part working with hundreds of students over the past 16 years as they transition. Most everything that has been raised in this thread - both pro and con - has been covered well by academic...
by CyclingDuo
Sun May 26, 2019 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Life happens, now what?
Replies: 19
Views: 4496

Re: Life happens, now what?

The pension will cover our costs while traveling. The pension starts when I retire next year. As to college, help yes, fully fund, not certain. What are the ages of your three adopted children (you only mentioned young)? Your overall asset mix is real estate heavy and certainly nearly a full time j...
by CyclingDuo
Sat May 25, 2019 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 221
Views: 12791

Re: Should I encourage my kids to work in high school/college?

THIS ABSOLUTELY. Kids should begin to earn their own money as soon as possible---whether that is age-appropriate chores in exchange for an allowance, or babysitting, or tutoring younger kids, or bagging groceries, or camp counseling. As a university professor who has taught and counseled hundreds o...
by CyclingDuo
Fri May 24, 2019 9:40 am
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 188
Views: 20520

Re: Around 43K in dividends last year - feel good about it ?

I had about that much in interest and dividends but it was all in a tax deferred account. Do any of you who felt terrible about the 14k taxable, feel different about that much in a tax deferred account? Maybe an experienced Boglehead can comment on this, but if I'm not mistaken, you only pay taxes ...
by CyclingDuo
Wed May 22, 2019 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 221
Views: 12791

Re: Should I encourage my kids to work in high school/college?

The simple reality of life is that you do not save 1000$ at 18 and compare to 1000$ at 40, but maybe 1000$ at 18 vs. 100k at 40. People don't save at 30 the same amount as at 18, especially people who used that time for education. What's the relevance of this assumption? Quite true with regard to t...
by CyclingDuo
Wed May 22, 2019 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 221
Views: 12791

Re: Should I encourage my kids to work in high school/college?

Oh common, that's a pretty terrible graph :D I think everybody in this website know how compounding works, but compounding starting from small amounts is painfully slow. When you save 5000$ at 18 you have see exactly how much and what are you sacrificing, not only in precious young time but also in...
by CyclingDuo
Tue May 21, 2019 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 221
Views: 12791

Re: Should I encourage my kids to work in high school/college?

While our daughter has just graduated grad school this year her Roth account is nearing $30K at this time. She was able to learn and earn well above minimum wage in many areas outside of her career including: dockmaster, tutor, trainer/coach, boat delivery, wine server etc. Even today while working...
by CyclingDuo
Tue May 21, 2019 5:39 pm
Forum: Personal Investments
Topic: Does tuning out mean missing out?
Replies: 23
Views: 3453

Re: Does tuning out mean missing out?

I'm 35 yrs old and feel like I generally have my investments in order. My wife and I have high income, a good emergency fund, max both of our 401k's and put all of our extra money into a Vanguard taxable brokerage account. Our taxable account is 100% VTSAX. I worry that if I "tune out the noise" ab...
by CyclingDuo
Tue May 21, 2019 5:01 pm
Forum: Personal Investments
Topic: Does tuning out mean missing out?
Replies: 23
Views: 3453

Re: Does tuning out mean missing out?

I'm 35 yrs old and feel like I generally have my investments in order. My wife and I have high income, a good emergency fund, max both of our 401k's and put all of our extra money into a Vanguard taxable brokerage account. Our taxable account is 100% VTSAX. I worry that if I "tune out the noise" ab...
by CyclingDuo
Tue May 21, 2019 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 221
Views: 12791

Re: Should I encourage my kids to work in high school/college?

PS: all my "dissertation" refers to "hamburger flipping" jobs, not to internships, lab work etc relevant to one's career. One of the nice things about the high school hamburger flipping jobs in today's world compared to back in the 70's when we were in high school - in addition to having some spend...
by CyclingDuo
Tue May 21, 2019 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 221
Views: 12791

Re: Should I encourage my kids to work in high school/college?

I couldn't imagine, as an employer, hiring a college graduate that had zero work experience. I interview "them" - late 20's-early 30's newly minted biology/chemistry PhDs - all the time who have literally never had a job of any kind. They generally interview really poorly, but we made the mistake o...
by CyclingDuo
Tue May 21, 2019 11:42 am
Forum: Investing - Theory, News & General
Topic: Lies, Damned Lies, And Index Funds
Replies: 43
Views: 5789

Re: Lies, Damned Lies, And Index Funds

By latest on Forbes.com Lies, Damned Lies, And Index Funds The truth about index funds must be repeated over and over because lies are constantly being told. Index funds are not evil, they are not destroying the markets, and will not blow-up your portfolio. To the contrary, they have outperformed m...
by CyclingDuo
Tue May 21, 2019 9:54 am
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 14571

Re: FIRE - What am I missing in the News Stories

Who cares if people still make some money while they are financially independent? The reason people get worked up over the word "retirement" is that they imagine retirement as a 10 year vacation before they die. That is what is being rejected. Take some of your retirement now if you can afford it. ...
by CyclingDuo
Tue May 21, 2019 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 221
Views: 12791

Re: Should I encourage my kids to work in high school/college?

I will say this as well. We would never hire a college graduate without work experience. Never. Part time, internships, volunteer, etc. You need to have known what it’s like to have an actual job. Thank you for this!!! :beer As a professor the past 16 years, when interfacing with employers the numb...
by CyclingDuo
Tue May 21, 2019 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 221
Views: 12791

Re: Should I encourage my kids to work in high school/college?

My kids are too young for jobs right now, but soon enough they will be working age. Found out that one of my nieces/nephews got his first minimum wage job, and his grandparents are quite proud of him to be gainfully employed. I winced when I heard that. While I suppose a minimum wage job is an exci...
by CyclingDuo
Tue May 21, 2019 8:41 am
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 14571

Re: FIRE - What am I missing in the News Stories

Why hate on these people? Because most of them have zero social skills;) Seriously read MMM and think about what type of person walks around talking about punching people that make different lifestyle choices. And yes I know he largely does it as a technique for building page views and is probably ...
by CyclingDuo
Tue May 21, 2019 8:00 am
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 14571

Re: FIRE - What am I missing in the News Stories

The number “needed” to hit these goals is based on the Trinity Study that many of us follow, which basically says you can live off 4% of your investments or calculated another way: 25x your yearly expenses. So if you plan on only needing $40,000 a year to live off, then you’d need $1,000,000 banked...
by CyclingDuo
Mon May 20, 2019 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 14571

Re: FIRE - What am I missing in the News Stories

Exactly. No one wants to hear about the routine choices and sacrifices you made that they could also make. Instead, they want to hear about some elaborate luck that they never had. Quite true! Nobody wants to hear about the longer term, slow accumulation that is required. It's like making a good br...