Search found 874 matches

by AerialWombat
Wed Sep 04, 2019 12:02 pm
Forum: Personal Consumer Issues
Topic: Entertaining house guests
Replies: 37
Views: 3242

Re: Entertaining house guests

2. Go out of your normal comfort zones. Are there activities that you typically won't do? An example being taking an ATV tour, going to highly recommended restaurant, etc. etc. 5. Ask your friend what he would like to do/see, perhaps taking a longer road trip farther by him/herself wouldn't be unre...
by AerialWombat
Wed Sep 04, 2019 11:59 am
Forum: Personal Consumer Issues
Topic: Entertaining house guests
Replies: 37
Views: 3242

Re: Entertaining house guests

DanMahowny wrote:
Wed Sep 04, 2019 10:59 am
Give him a couple guns. He can go out, wander around, shoot some trees and other stuff.
I somewhat-sorta went this direction. Right now, he's cleaning one of my guns so we can go to the range this afternoon.
by AerialWombat
Wed Sep 04, 2019 11:58 am
Forum: Personal Consumer Issues
Topic: Entertaining house guests
Replies: 37
Views: 3242

Re: Entertaining house guests

If you’re not taking PTO your job comes first during the day. Perhaps there are a few day or two day trips your friend can do using your house as a base station. I'm self-employed and work from home. There is no such thing as PTO. There is never a day where I don't have to do at least some work, ev...
by AerialWombat
Wed Sep 04, 2019 10:51 am
Forum: Personal Consumer Issues
Topic: Entertaining house guests
Replies: 37
Views: 3242

Entertaining house guests

I have a friend from overseas visiting for a couple weeks, and I'm rapidly running out of ideas for keeping him entertained. I don't go out much, rarely have guests, and I'm in a semi-rural area. I'm trying to strike a balance between working (I work from home) and keeping him occupied. But I'm fall...
by AerialWombat
Sat Aug 31, 2019 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Not sure what to do
Replies: 25
Views: 2566

Re: Not sure what to do

Esteemed Bogleheads- I find myself in a situation at work that is causing me a lot of stress and sleepless nights. I am single, in my early 50's, rent, and have about 1.6 million - 450K in a taxable account. I have started looking for another job but I really want to get out now as there is more st...
by AerialWombat
Sat Aug 31, 2019 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Minimum to keep in checking account?
Replies: 40
Views: 3327

Re: Minimum to keep in checking account?

Wow, I’m shocked at how narrow of a margin some of you run. If checking gets below $20,000 I start to get anxious. My checking has been below $7,000 at all times for the last 20 years! Until the most recent few years, my checking account usually had less than $100 in it. So now I have poverty paran...
by AerialWombat
Sat Aug 31, 2019 12:46 am
Forum: Personal Finance (Not Investing)
Topic: Minimum to keep in checking account?
Replies: 40
Views: 3327

Re: Minimum to keep in checking account?

Wow, I’m shocked at how narrow of a margin some of you run. If checking gets below $20,000 I start to get anxious.
by AerialWombat
Fri Aug 30, 2019 7:10 pm
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 355
Views: 44408

Re: How Bad was 2008, really?

The 2007-2008 real estate crash left me in chapter 7 bankruptcy, homeless for over a year, and on the brink of suicide.

I was not alone in this. It had real consequences for real people.
by AerialWombat
Fri Aug 30, 2019 8:57 am
Forum: Personal Finance (Not Investing)
Topic: What is your plan for the last few years of a long life?
Replies: 230
Views: 16377

Re: What is your plan for the last few years of a long life?

I wonder if anyone has SERIOUSLY considered the issue of using house equity as LTC funds. A house with a senior living there many years is likely not well maintained. To sell such a house, I think it may be lucky to get 60% of the estimated value, after repairing, fees, etc. That’s my plan. I have ...
by AerialWombat
Fri Aug 30, 2019 12:00 am
Forum: Personal Finance (Not Investing)
Topic: Side Hustle
Replies: 51
Views: 3375

Re: Side Hustle

Just wondering what some of the BH’s do for some side hustles. I have a wealth of hobbies and skills currently on the table as possibilities but wanted to see what some of my peers have done to help expedite their wealth. My lengthy answer to this same question in a prior thread. TL;DR is that my c...
by AerialWombat
Thu Aug 29, 2019 9:48 pm
Forum: Personal Consumer Issues
Topic: Improving soft skills
Replies: 35
Views: 3442

Re: Improving soft skills

Attend Toastmasters.

I have fairly severe social anxiety, yet make a substantial part of my living as a public speaker. Toastmasters has been a minor miracle for me.
by AerialWombat
Wed Aug 28, 2019 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: [Have to keep job just for health insurance. Any ideas on insurance replacement?]
Replies: 20
Views: 1556

Re: Really?? My FIRE comes down to heath insurance?? Depressing!

Spouse’s job provide insurance? Health sharing ministry? (my current sol’n) Daisy-chained short-term plans? (my former sol’n) Part-time jobs that provide insurance? (Starbucks and Costco are popular for this in my region) Student health insurance CAN work. Travel medical can work. There are no short...
by AerialWombat
Tue Aug 27, 2019 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Long distance property managemnt: fiscally responsible or headache?
Replies: 19
Views: 1488

Re: Long distance property managemnt: fiscally responsible or headache?

I have rentals in 3 states, none of which I live in. Carefully screen and interview several property managers, and pick the one that sucks the least. Life will be good(er). There are millions of rentals managed locally for long distance owners. It’s quite normal. There will be issues, I guarantee th...
by AerialWombat
Tue Aug 27, 2019 6:40 pm
Forum: Investing - Theory, News & General
Topic: Best of Bogleheads - your #1 takeaway
Replies: 151
Views: 15417

Re: Best of Bogleheads - your #1 takeaway

columbia wrote:
Tue Aug 27, 2019 2:27 pm
The best portfolio for me is the one I can stick with.
+4
by AerialWombat
Mon Aug 26, 2019 4:46 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12396
Views: 2141356

Re: U.S. stocks in free fall

My Annaly buy limit order triggered today. DCA down, baby!
by AerialWombat
Mon Aug 26, 2019 10:39 am
Forum: Personal Investments
Topic: VWALX High Yield Tax Exempt Is It Really This Amazing?
Replies: 20
Views: 2559

Re: VWALX High Yield Tax Exempt Is It Really This Amazing?

Hey AerialWombat what’s your rationale for holding this? As your only investment in your taxable account? The vast majority of my net worth is locked up in private equity in companies I started, and in rental properties. Publicly traded securities of any type are the smallest component of my overal...
by AerialWombat
Mon Aug 26, 2019 10:20 am
Forum: Personal Finance (Not Investing)
Topic: What do you think about this $4M house idea?
Replies: 103
Views: 7981

Re: What do you think about this $4M house idea?

Absolutely not. All you're doing is free up the developer's capital, either their cash or their bank line of credit. That tells me the whole development has risks you aren't aware of. Not only that, but the mortgage payment alone is more than you'd get back in rent. If you're looking for a rental, b...
by AerialWombat
Sun Aug 25, 2019 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Do you sacrifice to save?
Replies: 97
Views: 8974

Re: Do you sacrifice to save?

I still haven’t brought myself to replace the folding camp chairs with a couch. :) At least where I am (SF Bay Area) there are a ton of leather couches posted on the facebook marketplace that look quite new, that people will sell for $50, or even for free just to have them gone. I'd look into a mov...
by AerialWombat
Sun Aug 25, 2019 1:13 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12396
Views: 2141356

Re: U.S. stocks in free fall

scsiguru wrote:
Sun Aug 25, 2019 6:48 am
60/40 and enjoying my pumpkin spice latte... :D
LOL. 30/70 and enjoying my vodka Red Bull. :sharebeer
by AerialWombat
Sat Aug 24, 2019 10:08 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime Video Movies and TV Shows
Replies: 20
Views: 1803

Re: Amazon Prime Video Movies and TV Shows

I have a Prime membership solely for access to their original programming. They have some great shows — High Castle, Bosch, The Expanse, Sneaky Pete, many more.
by AerialWombat
Sat Aug 24, 2019 10:04 pm
Forum: Personal Investments
Topic: VWALX High Yield Tax Exempt Is It Really This Amazing?
Replies: 20
Views: 2559

Re: VWALX High Yield Tax Exempt Is It Really This Amazing?

I like this fund. It is my only holding in taxable brokerage.
by AerialWombat
Sat Aug 24, 2019 3:48 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12396
Views: 2141356

Re: U.S. stocks in free fall

Many posters have commented that this thread has helped reinforce the "buy and hold" and "stay the course" Boglehead philosophy for them. I think that has been an actionable outcome and continues to be. Precisely. This thread helps remind me that I made choices for my portfolio, and that I can rema...
by AerialWombat
Fri Aug 23, 2019 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Do you sacrifice to save?
Replies: 97
Views: 8974

Re: Do you sacrifice to save?

Quite the opposite: I have to stretch my comfort zone to spend. I’m not used to “having money”, so giving myself permission to enjoy some creature comforts is hard.

I still haven’t brought myself to replace the folding camp chairs with a couch. :)
by AerialWombat
Fri Aug 23, 2019 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Prepare for Recession?
Replies: 75
Views: 11073

Re: Prepare for Recession?

The last recession caused me much anguish, but ultimately turned out to be one of the best things to ever happen to me. Put me on a whole new life path. Now, I view the next recession as an opportunity. In a recession, demand for my core service spikes upward — as more people lose their jobs, as sma...
by AerialWombat
Thu Aug 22, 2019 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Multi Streams of Income to Build Wealth?
Replies: 44
Views: 2723

Re: Multi Streams of Income to Build Wealth?

willthrill81 wrote:
Thu Aug 22, 2019 5:42 pm
Hector wrote:
Thu Aug 22, 2019 5:32 pm
Most super wealthy people get wealthy by putting all their eggs in one basket.
Indeed. Diversification is not a good way to become super-wealthy. But it's a good way to avoid becoming poor.
...which is precisely *my* objective: Never be poor again.
by AerialWombat
Thu Aug 22, 2019 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Multi Streams of Income to Build Wealth?
Replies: 44
Views: 2723

Re: Multi Streams of Income to Build Wealth?

My wife and I have app. $1.55M net worth. That is from essentially nothing 17 years ago. Are we wealthy? Yes, you are without a doubt objectively wealthy. You have *double* the wealth required to be in the global 1%. Across roughly 90% of the US land mass, you could retire now and live a great life.
by AerialWombat
Thu Aug 22, 2019 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Multi Streams of Income to Build Wealth?
Replies: 44
Views: 2723

Re: Multi Streams of Income to Build Wealth?

“Money is fungible.” All income goes into the same pot, so does it really matter how many sources there are? That said, I’ve always had side hustles, since before that phrase existed. Twice in life, a side hustle has become my primary income source. Right now, I have 8 streams of income. Any single ...
by AerialWombat
Thu Aug 22, 2019 7:21 am
Forum: Personal Finance (Not Investing)
Topic: MoviePass Confirms Data Breach That May Have Exposed Credit Card Numbers
Replies: 5
Views: 514

Re: MoviePass Confirms Data Breach That May Have Exposed Credit Card Numbers

Movie ticket subscription service MoviePass confirmed that a data breach may have exposed tens of thousands of customer card numbers and personal credit cards. https://www.hollywoodreporter.com/news/moviepass-confirms-data-breach-may-have-exposed-credit-card-numbers-1233782 Ugh, there go my HMNY sh...
by AerialWombat
Wed Aug 21, 2019 7:48 am
Forum: Personal Investments
Topic: Inverted Yield Curve - Anyone making portfolio changes?
Replies: 27
Views: 3282

Re: Inverted Yield Curve - Anyone making portfolio changes?

Hey all, Just curious to see if any of you have made changes to a more conservative portfolio based on the inverted yield curve? Interested to hear your thoughts! My 30/70 securities AA is already so bloody conservative that anything more would be ludicrous. I happily collect my dividends every mon...
by AerialWombat
Mon Aug 19, 2019 7:12 pm
Forum: Personal Consumer Issues
Topic: Home Office - Main Floor or Basement
Replies: 18
Views: 1123

Re: Home Office - Main Floor or Basement

I had been in the dining room for a while, then moved to the basement. That lasted two days. Then moved office to the master bedroom, and use the living room as a “studio” when I have on-camera appearances, like this morning. So, two offices. Great way to go. :)
by AerialWombat
Sat Aug 17, 2019 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone retire in their 30s?
Replies: 108
Views: 14533

Re: Anyone retire in their 30s?

Nathan Drake wrote:
Sat Aug 17, 2019 9:21 pm

How does one work less and make more?
Own the company.
by AerialWombat
Sat Aug 17, 2019 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone retire in their 30s?
Replies: 108
Views: 14533

Re: Anyone retire in their 30s?

Right now I’m at lean FI. Very, very few people on this forum would encourage you to take the plunge on a lean FI number. But if you’re really that miserable, do it. I personally think it’s better than some of the alternatives, such as heart attack or suicide. Take some time to go “find yourself”. ...
by AerialWombat
Tue Aug 13, 2019 9:01 am
Forum: Personal Consumer Issues
Topic: Book or documentary recommendations on American economic dominance
Replies: 26
Views: 1920

Re: Book or documentary recommendations on American economic dominance

Thanks for all the suggestions! I look forward to delving into these.
by AerialWombat
Mon Aug 12, 2019 7:24 pm
Forum: Personal Investments
Topic: Its it time to light the FIRE -
Replies: 34
Views: 4887

Re: Its it time to light the FIRE -

If he wants what Fritz at The Retirement Manifesto describes as "recreational employment" (i.e. an improved RE to "retire early"), that would be possible but certainly not required if the numbers he's provided are accurate. This is probably off-topic, but do you have a link for this? I'd be persona...
by AerialWombat
Mon Aug 12, 2019 1:40 pm
Forum: Personal Investments
Topic: Its it time to light the FIRE -
Replies: 34
Views: 4887

Re: Its it time to light the FIRE -

If he wants what Fritz at The Retirement Manifesto describes as "recreational employment" (i.e. an improved RE to "retire early"), that would be possible but certainly not required if the numbers he's provided are accurate. This is probably off-topic, but do you have a link for this? I'd be persona...
by AerialWombat
Mon Aug 12, 2019 1:37 pm
Forum: Personal Investments
Topic: Its it time to light the FIRE -
Replies: 34
Views: 4887

Re: Its it time to light the FIRE -

You have zero debt, paid off house, and $1.22 million to your name. You’re rich, by any objective comparison to the rest of society. Congrats on winning the game. Yes, you can FIRE. You could live off just your cash until FRA, then just live off SS without ever touching your 401k. Enjoy your retire...
by AerialWombat
Mon Aug 12, 2019 1:34 pm
Forum: Personal Consumer Issues
Topic: Book or documentary recommendations on American economic dominance
Replies: 26
Views: 1920

Book or documentary recommendations on American economic dominance

As I type this, I'm sitting in a Holiday Inn Express on the day before the start of one of the multi-day tax law seminars that feeds my own entrepreneurial mini-engine, watching a fascinating History channel documentary on how the US railroad system, and the Vanderbilt empire in particular, contribu...
by AerialWombat
Sun Aug 11, 2019 9:09 am
Forum: Personal Investments
Topic: Its it time to light the FIRE -
Replies: 34
Views: 4887

Re: Its it time to light the FIRE -

You have zero debt, paid off house, and $1.22 million to your name. You’re rich, by any objective comparison to the rest of society. Congrats on winning the game. Yes, you can FIRE. You could live off just your cash until FRA, then just live off SS without ever touching your 401k. Enjoy your retirem...
by AerialWombat
Sat Aug 10, 2019 12:37 am
Forum: Personal Finance (Not Investing)
Topic: Are you a "solo ager?"
Replies: 133
Views: 18750

Re: Are you a "solo ager?"

123 wrote:
Sat Aug 10, 2019 12:28 am
Dude2 wrote:
Fri Aug 09, 2019 8:42 am
Alexa will always be there for me.
As long as you can remember her name.
This might not be a joke soon. Robotic assistive care is already in the testing stages, and I for one am effectively counting on that technology in case I live beyond my expected expiration date of 65.
by AerialWombat
Fri Aug 09, 2019 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: Pretty much broke --- what would you advise?
Replies: 85
Views: 9993

Re: Pretty much broke --- what would you advise?

A few days ago I drove through a McDonalds while on a road trip. The big sign out front said “Hiring All Shifts. $12/hr”. Standing right under the sign was a decently dressed, middle aged, able-bodied looking man holding a cardboard sign begging for money. The irony amused me, and all I could do was...
by AerialWombat
Fri Aug 09, 2019 7:23 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12396
Views: 2141356

Re: U.S. stocks in free fall

Hello free fall thread, my old friend. :| This is almost a soaring market considering the "news". I'm watching a CNBC talking head as I type; he says buy the dip. I watched some of Jim Cramer’s “Mad Money” today, for the first time ever. When I tuned in, he had just started talking about the import...
by AerialWombat
Fri Aug 09, 2019 5:43 pm
Forum: Personal Consumer Issues
Topic: RESOLVED: Least expensive place to mass register domains, decide which I want to keep, then transfer
Replies: 24
Views: 2637

Re: Least expensive place to mass register domains, decide which I want to keep, then transfer

I own nearly 300 domain names. All are with Namecheap. Best registrar I’ve ever found, and I’ve been buying domains since 1993.
by AerialWombat
Thu Aug 08, 2019 7:58 pm
Forum: Investing - Theory, News & General
Topic: Is this right? "if you live off dividends, a crash in stocks prices doesn't matter"
Replies: 247
Views: 19463

Re: Is this right? "if you live off dividends, a crash in stocks prices doesn't matter"

It is unimaginable that the business of selling oil and gas could ever change in ways that would force them to cut the dividend. The rate of acceleration of technological advancement is astounding. There are forestry companies that no longer exist that 200 years ago were saying wood could never be ...
by AerialWombat
Thu Aug 08, 2019 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of starting a financial advisory firm
Replies: 30
Views: 2769

Re: Thinking of starting a financial advisory firm

What credentials would be most helpful for establishing credibility? CFP? Something else? TIA. :sharebeer Credentials that lack public recognition are next to useless. If people don’t know what they are, then they do very little to boost your *public* credibility. Don’t forget that nearly all certi...
by AerialWombat
Wed Aug 07, 2019 10:14 pm
Forum: Personal Consumer Issues
Topic: What is your hobby and how did it come to be your hobby?
Replies: 146
Views: 16423

Re: What is your hobby and how did it come to be your hobby?

Competitive shooting. Mostly handguns, but an occasional 2 gun (hand gun and rifle) or 3 gun (add in a shotgun). Got started in it when we moved to the country and decided to purchase handguns for self protection since calling the sheriff could involve quite a wait before they showed up. Decided I ...
by AerialWombat
Wed Aug 07, 2019 7:21 am
Forum: Personal Consumer Issues
Topic: What is your hobby and how did it come to be your hobby?
Replies: 146
Views: 16423

Re: What is your hobby and how did it come to be your hobby?

I have had a number of hobbies over the years, but none ever stuck for more than a few years. This has left me with a very strange assortment of leftover gear — wetsuit, guns, helmet, crampons, etc — that I will probably never use again. The only hobby/mental illness that has stuck for me is busines...
by AerialWombat
Wed Aug 07, 2019 6:09 am
Forum: Personal Finance (Not Investing)
Topic: which one would you pay off?
Replies: 10
Views: 1017

Re: which one would you pay off?

I would do neither, but rather build up reserves/investments as your "safety net". +1 to this. Absent any and all other personal financial details, horde cash. You’re a business owner, so healthy reserves are a must. I have a couple small companies, plus $1 million of debt on $1.5 million of reside...
by AerialWombat
Mon Aug 05, 2019 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about home insurance (State Farm v Hippo)
Replies: 15
Views: 1042

Re: Questions about home insurance (State Farm v Hippo)

As somebody else mentioned, State Farm gets cheap with the huge multi-line discounts. I have multiple home policies, car, and umbrella, and nobody else has been able to beat the price for the total coverage.
by AerialWombat
Mon Aug 05, 2019 7:28 pm
Forum: Investing - Theory, News & General
Topic: Where do you put your sinking fund?
Replies: 23
Views: 2343

Re: Where do you put your sinking fund?

I have neither emergency fund or sinking funds. It’s all just one bucket, called “taxable brokerage account”. It’s all held in one fund. “Money is fungible,” as someone will inevitably point out.