Search found 3900 matches

by hsv_climber
Wed May 01, 2013 3:20 pm
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 38728

Re: Meet Mr. Money Mustache, the man who retired at 30

I just don't agree. I think the accounting is properly in place. He went down for a business trip and his employer (in this case the person who he was helping) covered his lodging. To me that would not go into a personal budget. Just like I don't put the hotels my company pays for down in mint.com ...
by hsv_climber
Wed May 01, 2013 3:04 pm
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 38728

Re: Meet Mr. Money Mustache, the man who retired at 30

Banana, you might want to reread Noobinvestor post, since you've not got it correctly what he wrote. He did not write about wife & kid tickets.
by hsv_climber
Wed May 01, 2013 2:26 pm
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 38728

Re: Meet Mr. Money Mustache, the man who retired at 30

Income does not equal expenses. We are talking about his actual cash budget right? He lived on 25k Cash last year per his budget. He went to Hawaii for a work opportunity I believe. So if my company sends me to training out of state do I include the expense of the hotel that my company pays for in ...
by hsv_climber
Wed May 01, 2013 2:09 pm
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 38728

Re: Meet Mr. Money Mustache, the man who retired at 30

You can call him a liar all you want that doesnt make it true. He posts all his spending right on his website. If you choose not to believe it feel free, but again doesnt make him a liar. Would you prefer a term "tax cheat" better then? If not then please explain how Hawaiian lodging is showing at ...
by hsv_climber
Wed May 01, 2013 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Do you recommend that I sell my EE bonds?
Replies: 9
Views: 1310

Re: Do you recommend that I sell my EE bonds?

- Earning numbers don't look right, since your EE bonds are supposed to double, i.e. to get to $13k, in 2013 - 2016 (it is 17 years for 5/95 - 05/03 bonds). That is another ~15% in the next few years and definitely not 0.x% / year. - How close are we to the top when a early retiree wants to move mon...
by hsv_climber
Wed May 01, 2013 11:14 am
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 38728

Re: Meet Mr. Money Mustache, the man who retired at 30

You ran the numbers and put his CO2 footprint at 16k on vacations. Like I said in my previous point throw in two working spouses and one vacation a year and you are at 20K CO2 footprint. - There are 7 million people visiting Hawaii / year. Maybe half of them are Americans. Ok, lets make it 60%. So,...
by hsv_climber
Wed May 01, 2013 10:39 am
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 38728

Re: Meet Mr. Money Mustache, the man who retired at 30

What I am saying is what MMM says is not the same as what MMM does. Lets look at it again: - His family owns 2 cars. Big van and CR-V(? or small van?). In other words, his cars are bigger than the average American cars. - His family transportation costs (including vacations) are higher than average ...
by hsv_climber
Wed May 01, 2013 9:11 am
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 38728

Re: Meet Mr. Money Mustache, the man who retired at 30

Alright, I've got tired of all the hypocrisy of "save the planet with MMM's way" crowd who claims that everyone else but them is destroying the planet, while MMM is punching them in the face to save it. So, I've decided to run the numbers of MMM's family impact on the environment over the last 12 mo...
by hsv_climber
Tue Apr 30, 2013 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: So money can buy you happiness after all...
Replies: 49
Views: 4413

Re: So money can buy you happiness after all...

Since we've suddenly started to discuss "Fiddler on the Roof", then lets face the facts - money did not help much to Jewish families in tsarist Russia. Nobody was spared from pogroms. Neither money helped much in Hitler's Germany, where only 2 scenarios were possible: you could get a chance to use t...
by hsv_climber
Mon Apr 29, 2013 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: So money can buy you happiness after all...
Replies: 49
Views: 4413

Re: So money can buy you happiness after all...

Thanks, Victoria. Yes, I was using "I" as a figure of speech. But here is another thought that has crossed my mind... CalmMan, have you participated in this study? Probably not. Who would you think have a higher chance to participate in such wide open study - extroverts or introverts? Without the ac...
by hsv_climber
Mon Apr 29, 2013 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: So money can buy you happiness after all...
Replies: 49
Views: 4413

Re: So money can buy you happiness after all...

From the article: It’s not clear that more income causes greater happiness, just that as people see their income rise, they tend to say they feel happier. If I am working hard to make more money and have a societal pressure to have more money then why would not I ever say that money don't make me ha...
by hsv_climber
Mon Apr 29, 2013 2:23 pm
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 38728

Re: Meet Mr. Money Mustache, the man who retired at 30

My youngest son will be retiring from the kindergarten this year. So, no matter what happens next, he is not going back to his old place. This corporate kindergarten BS is over for him. He will be a fully retired person this summer and then, at his choice and a hobby, he will be going into the 1st g...
by hsv_climber
Sun Apr 28, 2013 6:03 pm
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 38728

Re: Meet Mr. Money Mustache, the man who retired at 30

I would love to find that thread if anyone knows what he is talking about. Unless it's a 20-year-old with 10 kids and some kind of money-sucking illness, I just can't picture who would be advised they could not retire with 4 million, and am curious to see. I think that it might be this thread: http...
by hsv_climber
Sat Apr 27, 2013 4:19 pm
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 38728

Re: Meet Mr. Money Mustache, the man who retired at 30

Speaking of healthy lifestyle - multiple studies have shown that healthy lifestyle leads to more medical expenses over the lifetime, since people with healthy lifestyle do live longer, but living longer extends exposure to the environment and leads to more illnesses over longer time. Unhealthy lifes...
by hsv_climber
Sat Apr 27, 2013 4:07 pm
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 38728

Re: Meet Mr. Money Mustache, the man who retired at 30

Meh. A 4% withdraw rate isn't terrible advice. It's a starting point. You make adjustments along the way to your specific situation. If you're smart enough and savvy enough to save and invest your way to a $800K - $1M net worth in your 30's, you can certainly figure out how a very generic, non-spec...
by hsv_climber
Sat Apr 27, 2013 11:09 am
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 38728

Re: Meet Mr. Money Mustache, the man who retired at 30

My family of 4 has spent $23K last year (not counting health insurance). I've started a discussion about grocery expenses on this forum and many posters (like Grt2Outdoors above) spend even less / person than we & MMM do. It is not an alternative lifestyle . It is people who want you to read their b...
by hsv_climber
Sat Apr 27, 2013 10:44 am
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 38728

Re: Meet Mr. Money Mustache, the man who retired at 30

momar wrote:It's interesting that it is now considered "hating" to point out that someone isn't what they are claiming to be.
"Hating" and "us vs them" sell books.
by hsv_climber
Sat Apr 27, 2013 10:38 am
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 38728

Re: Meet Mr. Money Mustache, the man who retired at 30

Is it jealousy or insecurity or just plain grumpy man syndrome that drives comments like this? So he had a net worth of $800k a few years ago...I'm guessing it's at least double that now. His family could live off any one of their income streams. Investment income, rental property income or blog in...
by hsv_climber
Sat Apr 27, 2013 9:48 am
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 38728

Re: Meet Mr. Money Mustache, the man who retired at 30

I am actually surprised at how many people here even consider MMM to be Financially Independent, just because he said so. Lets look at the numbers. His latest published net worth was $800K (including all the houses and pretax 401K). His latest published annual expenses - $25K. These numbers are not ...
by hsv_climber
Fri Apr 26, 2013 8:46 pm
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 38728

Re: Meet Mr. Money Mustache, the man who retired at 30

I've used to like reading his blog, but it got so boring lately. It is just a constant repetition of the same thing, followed by comments with praise of the same thing. BTW, no, he did not retire at 30. It is a marketing BS. He quit his s/w job @ 30 in order to become a full time contractor and buil...
by hsv_climber
Fri Apr 26, 2013 3:27 pm
Forum: Investing - Theory, News & General
Topic: Article: EE Bonds are the best Long Term bond
Replies: 77
Views: 7404

Re: Article: EE Bonds are the best Long Term bond

What EE bonds cost is flexibility: in order to realize that 20 year double you must redeem at exactly 20 years. What do you think will happen if you'd hold them for 20 years and 1 day? For 30 years? What do you think the current rate is on nominal 30 - year US Treasury? (FYI, it will take 24.5 year...
by hsv_climber
Fri Apr 26, 2013 10:49 am
Forum: Investing - Help with Personal Investments
Topic: GDP
Replies: 10
Views: 816

Re: GDP

Forgive me for my ignorance, but is it true that higher gasoline prices may live less discretionary spending? Is it a soared of an extra tax on consumer? There for is it [gasoline prices] a significant drag on economy growth? Sure, it is a tax on consumer. But we are not talking about consumer, we ...
by hsv_climber
Fri Apr 26, 2013 9:09 am
Forum: Investing - Help with Personal Investments
Topic: GDP
Replies: 10
Views: 816

Re: GDP

Here is a "more important number" from the report:
Final sales of U.S.-made goods and services, a more precise gauge of demand, rose a much smaller 1.5%. That matched the lowest increase in eight quarters.
by hsv_climber
Fri Apr 26, 2013 9:08 am
Forum: Investing - Help with Personal Investments
Topic: GDP
Replies: 10
Views: 816

Re: GDP

Given my low economic education compare to others. )))Please help me to understand how the Smarty's predicted 3%+???? I even expected lower GDP past quarter given higher payroll-taxes, higher gas prices and so on. Are they [smarty's] flying in the sky's?:twisted: It might be counter-intuitive, but ...
by hsv_climber
Fri Apr 26, 2013 9:03 am
Forum: Investing - Theory, News & General
Topic: Can You Ace FINRA's Financial Literacy Quiz?
Replies: 111
Views: 9290

Re: Can You Ace FINRA's Financial Literacy Quiz?

Sure, I've got 100%.

But answer to question N3 (which type of bonds are is the safest?) is very questionable, since S&P has rated several corporations as AAA, while US Treasury as AA. 8-)
by hsv_climber
Wed Apr 24, 2013 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: would an EE bond ladder be good or bad for our situation?
Replies: 6
Views: 1004

Re: would an EE bond ladder be good or bad for our situation

So, like $20,000 in EE bonds and $20,000 in I-bonds each year and perhaps go 100% stock market in most of our other accounts? Right now the 401K is 62% Vanguard total stock market index and 38% Pimco total bond market. If I started buying 40K of EE and I-bonds each year, I think I would want to til...
by hsv_climber
Wed Apr 24, 2013 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: would an EE bond ladder be good or bad for our situation?
Replies: 6
Views: 1004

Re: would an EE bond ladder be good or bad for our situation

I don't know the future, so I'd recommend to go 50% on EE and 50% on I-bonds. That way you will get both - inflation & deflation protection.
Putting a big chunk of your portfolio into EE bonds is taking a future inflation risk, possibly at the time where your human capital is near 0.
by hsv_climber
Fri Apr 19, 2013 2:20 pm
Forum: Investing - Theory, News & General
Topic: Article: EE Bonds are the best Long Term bond
Replies: 77
Views: 7404

Re: Article: EE Bonds are the best Long Term bond

With EE bonds, you MIGHT lose money. With 0% I-bonds you are GUARANTEED to lose money after taxes (unless you somehow manage to be in 0% tax bracket). So, what is a RATIONAL investor supposed to do? That's not always true. Remember, the I Bond composite rate can never go below 0%. So, in a period o...
by hsv_climber
Fri Apr 19, 2013 9:16 am
Forum: Investing - Theory, News & General
Topic: Article: EE Bonds are the best Long Term bond
Replies: 77
Views: 7404

Re: Article: EE Bonds are the best Long Term bond

With EE bonds, you MIGHT lose money. With 0% I-bonds you are GUARANTEED to lose money after taxes (unless you somehow manage to be in 0% tax bracket). So, what is a RATIONAL investor supposed to do?
by hsv_climber
Tue Apr 16, 2013 9:37 am
Forum: Investing - Theory, News & General
Topic: current ibond rate
Replies: 15
Views: 2932

Re: current ibond rate

Looks right.

(232.773-231.407) / 231.407 = 0.0059

Annualized (over next 6 months) : 0.0059 * 2 * 100% = 1.18%

IMHO, I will wait till December.
by hsv_climber
Tue Apr 16, 2013 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Living with Less. A Lot Less (NYTimes Article)
Replies: 74
Views: 12370

Re: Living with Less. A Lot Less (NYTimes Article)

Singles are probably just not a big market for home buying, since many of them prefer condos, apartments, etc.
So, a small house automatically limits the target market to outliers.
by hsv_climber
Tue Apr 16, 2013 9:19 am
Forum: Personal Consumer Issues
Topic: Spouse wants to purchase a bicycle for 5000.
Replies: 129
Views: 10703

Re: Spouse wants to purchase a bicycle for 5000.

Why "spouse" is "they"? It might be a criminal thing in US to advertise that.

:happy @ ignoring craigslist at all costs.
by hsv_climber
Sat Apr 13, 2013 7:57 pm
Forum: Personal Consumer Issues
Topic: Spouse wants to purchase a bicycle for 5000.
Replies: 129
Views: 10703

Re: Spouse wants to purchase a bicycle for 5000.

Unless someone is racing competitively, there is no difference between brand new ~$2K bike, brand new $5k, and craigslist's $1.0-1.4K bikes. The issue about Tiagra vs 105 vs Ultegra vs DuraAce has been beaten to death on bikeforums.net and the conclusion is that for the latest generation - there is ...
by hsv_climber
Sat Apr 13, 2013 7:49 pm
Forum: Personal Consumer Issues
Topic: Spouse wants to purchase a bicycle for 5000.
Replies: 129
Views: 10703

Re: Spouse wants to purchase a bicycle for 5000.

OK, I have bike envy, so I need to upgrade. Should I start a new thread or can I ask here: What should I get for a $5,000 bike? I ride an old DeRosa road bike full Dura-Ace say 3 times a week for an hour or two each ride. I will not be racing anymore. Unless you have a sudden urge to burn money, yo...
by hsv_climber
Fri Apr 12, 2013 9:08 am
Forum: Investing - Help with Personal Investments
Topic: I-Bond purchase today or wait until April?
Replies: 8
Views: 1403

Re: I-Bond purchase today or wait until April?

Just a quick question since I've never purchased or given serious consideration to I Bonds in the past. I know that a couple (no dependents) is limited to the annual purchase of $10,000 each of I Bonds (not counting tax refunds). If I were to open an account at Treasury Direct can I make purchases ...
by hsv_climber
Fri Apr 12, 2013 7:36 am
Forum: Personal Consumer Issues
Topic: Spouse wants to purchase a bicycle for 5000.
Replies: 129
Views: 10703

Re: Spouse wants to purchase a bicycle for 5000.

The only downside of a $5,000 bicycle is a desire to have a $6,000 bicycle next year.
(Of course, while keeping an "old" bicycle for rainy days or easy group rides).
by hsv_climber
Thu Apr 11, 2013 6:20 pm
Forum: Investing - Theory, News & General
Topic: current ibond rate
Replies: 15
Views: 2932

Re: current ibond rate

Personally, I plan to hold until December this year, since I don't want the expected May rate of under 1% (assuming there are no big surprises in March CPI) for 6 month.
OTOH, I plan to buy some EE bonds in April that I plan to keep for 20 years.
by hsv_climber
Tue Apr 09, 2013 4:14 pm
Forum: Personal Consumer Issues
Topic: A Dilemma About Waist Sizes For Pants
Replies: 79
Views: 12685

Re: A Dilemma About Waist Sizes For Pants

I suspect that many manufacturers, especially for those brands that are sold in Department Stores, such as Kohls / Dillards / etc., are deflating the numbers, i.e. 36 might be more like 38 inches, and so on.
It is all about making people feel good.
by hsv_climber
Sun Apr 07, 2013 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Should my wife keep working or become a stay-at-home mom?
Replies: 112
Views: 11551

Re: Should my wife keep working or become a stay-at-home mom

OP, don't listen to any advice, including mine :) It is a person / family specific situation. This decision should not have anything to do with the money. It is really about your wife and either she wants to handle the stress & rewards of SAHM or not. Some women like it and some don't. It is not a f...
by hsv_climber
Fri Mar 22, 2013 10:34 am
Forum: Personal Finance (Not Investing)
Topic: should we think about retirement?
Replies: 105
Views: 9103

Re: should we think about retirement?

IMHO, given today's data, expenses, size & risk of your portfolio, you can retire . The biggest issue in the future, which nobody has any clue about today, is subsidized healthcare. We can discuss this issue ad-nauseum on the forum, but we can't predict the price and quality of health insurance / su...
by hsv_climber
Fri Mar 22, 2013 8:56 am
Forum: Personal Finance (Not Investing)
Topic: should we think about retirement?
Replies: 105
Views: 9103

Re: should we think about retirement?

OP, quick question: what would be your net worth if S&P 500 would be @ 1,000 (e.g. like in 2009/2010) ???
by hsv_climber
Thu Mar 21, 2013 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: Saving for Education for kids. Need Suggestion
Replies: 15
Views: 1511

Re: Saving for Education for kids. Need Suggestion

IMHO, you should continue maximizing your RothIRA, but DO NOT use it to pay for college expenses. Unless you have a sizable pension, the better use for that RothIRA might be for your retirement. It is easy to get a student loan or scholarship, but it is impossible to get a "retirement loan". Regardi...
by hsv_climber
Thu Mar 21, 2013 10:02 am
Forum: Personal Finance (Not Investing)
Topic: should we think about retirement?
Replies: 105
Views: 9103

Re: should we think about retirement?

Example: By myself, I could definitely retire on $1,250,000 per year . With my family - not so much. And with my family, I don't have the flexibility to reduce income nearly as much as if I were single. (I'm not complaining, by the way). Is this a misspell or do you really spend more than $1+ milli...
by hsv_climber
Thu Mar 21, 2013 9:57 am
Forum: Personal Finance (Not Investing)
Topic: should we think about retirement?
Replies: 105
Views: 9103

Re: should we think about retirement?

I think they have removed asset testing for medicaid under the new ACA rules but I could be wrong about that. If you think about it, what is the real difference between someone who has $500,000 in bank CDs paying 2% but has a $500,000 mortgage (or rents) and someone who has $3000 in the bank but ha...
by hsv_climber
Wed Mar 20, 2013 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: The Fine line between responsible and selfish/material
Replies: 104
Views: 10675

Re: The Fine line between responsible and selfish/material

What Victoria has nicely explained via anchoring, Mr. Money Mustache has explained via "building frugality muscle": http://www.mrmoneymustache.com/2011/06/21/frugality-as-a-muscle/ And "Power Of Habits" explains the same phenomenon via "building proper habits" (which is re-wiring our brain in a pred...
by hsv_climber
Mon Mar 18, 2013 9:23 am
Forum: Investing - Help with Personal Investments
Topic: VBS users – Be ON ALERT regarding this purchase method!
Replies: 57
Views: 11712

Re: VBS users – Be ON ALERT regarding this purchase method!

I've noticed this last week too and decided to wait rather than execute any trades. It seems like what Doc is saying is correct: VG mutual funds account puts 7 days hold on money transferred from the checking account. So, while you might see the number on your account statement, you can't really use...
by hsv_climber
Sat Mar 16, 2013 8:32 am
Forum: Personal Consumer Issues
Topic: Rechargable vs alkaline batteries
Replies: 34
Views: 4631

Re: Rechargable vs alkiline batteries

It depends on the application.
For your remotes & clocks alkaline batteries are better. But for lights, flashlights, cameras, etc. you have to use rechargeables.
You might also want to take a look into a better charger, since good charger matters.
by hsv_climber
Fri Mar 15, 2013 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Why aren't ETF dividends qualified?
Replies: 7
Views: 2397

Re: Why aren't ETF dividends qualified?

Holding period?
How long did you hold/own SPY?
by hsv_climber
Fri Mar 15, 2013 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Mila Kunis Rotates Into Stocks
Replies: 21
Views: 3065

Re: Mila Kunis Rotates Into Stocks

I only follow and invest with Kardashians.
by hsv_climber
Thu Mar 14, 2013 6:37 pm
Forum: Personal Consumer Issues
Topic: Credit Cards [Bad Experience]
Replies: 40
Views: 5376

Re: Credit Cards [Bad Experience]

That's too bad. I would have kept climbing up the ladder, speaking to a supervisor or manager. I was determined to get that card. I'm not a believer of luck, I believe in going after what you want! Multiple reports on the Internet that this could've cost you another hard pull. BTW, what is so speci...