Search found 737 matches

by RenoJay
Thu Mar 28, 2013 8:15 pm
Forum: Personal Consumer Issues
Topic: can i buy my sportscar?
Replies: 129
Views: 13530

Re: can i buy my sportscar?

Do it, man, and congrats that this appears to be your only silly financial decision. Sounds like you've been very sensible otherwise. I have a high net worth and plan to treat myself to an unjustifiable journey into space (cost = $200k) when I turn 50.
by RenoJay
Tue Mar 26, 2013 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement and planning for medical costs
Replies: 19
Views: 3670

Re: Early retirement and planning for medical costs

I plan to retire in mid 40's, but have been paying out of pocket for my family's health insurance for decades. There are brokers and websites who specialize in this stuff, and eventually it becomes just another monthly expense like the water bill. I don't think twice about it anymore. Our premium fo...
by RenoJay
Tue Mar 26, 2013 10:54 pm
Forum: Personal Investments
Topic: Using bonds to pay for 2nd home?
Replies: 10
Views: 974

Re: Using bonds to pay for 2nd home?

I bought a second home a few years ago in Lake Tahoe. I did it partly because I liked the place, partly because I thought the market was low, and partly as an inflation hedge/store of value for some funds. I find I don't use the place very often, but I still like having it. I think the source of fun...
by RenoJay
Sun Mar 24, 2013 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Mark Cuban on Cash
Replies: 24
Views: 4534

Re: Mark Cuban on Cash

Cuban is known as a great entrepreneur, but I would be as wary of taking investing advice from him as I would be from any celebrity.
by RenoJay
Tue Mar 19, 2013 10:00 pm
Forum: Investing - Theory, News & General
Topic: is a stock market bubble brewing
Replies: 33
Views: 5194

Re: is a stock market bubble brewing

I had started another thread about this question, but if Larry is listening, I'd love his take. Is there some data set that overlays 10 year performance of stocks against both the Shiller PE AND predominant rates on 10 year treasuries or some other "safe" asset? It seems like with such low...
by RenoJay
Tue Mar 19, 2013 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: should we think about retirement?
Replies: 105
Views: 9443

Re: should we think about retirement?

Given the family history, it seems to make more sense to jump out early rather than risking working til your natural expiration date. Best of luck!
by RenoJay
Tue Mar 19, 2013 6:23 pm
Forum: Personal Consumer Issues
Topic: Americans still bearish on retirement
Replies: 10
Views: 3857

Re: Americans still bearish on retirement

Many people, it seems, believe that preparing for an adequate retirement is a super-human feat beyond their own ability. If only Boglehead philosophy was required reading in grade school!
by RenoJay
Mon Mar 18, 2013 10:24 pm
Forum: Investing - Theory, News & General
Topic: Shiller PE vs. Interest Rates
Replies: 4
Views: 1035

Shiller PE vs. Interest Rates

Is there a chart somewhere that overlays the Shiller PE ratio against fed funds rates or similar? Seems like it would be hard to decipher "high PE" vs "low PE" without knowing the return for safe money.
by RenoJay
Sun Mar 17, 2013 8:23 pm
Forum: Personal Consumer Issues
Topic: Need a good book on negotiating
Replies: 24
Views: 2816

Re: Need a good book on negotiating

20 years ago I read "Negotiate to Close" by Gary Karass and the book paid for itself 20 times over within one hour when I walked into a negotiation.
by RenoJay
Sat Mar 16, 2013 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Projected College Costs Realistic?
Replies: 58
Views: 5162

Re: Projected College Costs Realistic?

I agree with the original poster that there are elements of a bubble here and the logic dictates it's likely to pop. My children are both under 5. When I extrapolate out Vanguard's 6% annual increase, I got a very similar number to the original poster...about $280,000 for four years of public colleg...
by RenoJay
Sat Mar 16, 2013 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: 39 y.o. and 18 years of Vanguarding
Replies: 45
Views: 10495

Re: 39 y.o. and 18 years of Vanguarding

I love hearing stories like yours. My parents made a choice 30+ years ago to always live on my Dad's salary and bank my Mom's. They retired with a tidy sum. Though I sometimes felt deprived as a kid (how come WE don't order appetizers when we go out??) I learned great saving habits by example. Keep ...
by RenoJay
Tue Mar 12, 2013 10:00 pm
Forum: Investing - Theory, News & General
Topic: Why do people care about the Dow?
Replies: 50
Views: 5543

Re: Why do people care about the Dow?

James Glassman (of "Dow 36,000" fame) wrote an article in last month's Kiplinger Magazine about why the Dow is his favorite index, how wonderful it is, how quirky but forgiving, etc. The fact that he likes it is reason enough to completely disregard it.
by RenoJay
Mon Mar 11, 2013 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Living with Less. A Lot Less (NYTimes Article)
Replies: 74
Views: 13065

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

I currently live in a 4,100 square foot home on nearly an acre. In my 20's, I spent a year traveling the world with just a backpack that contained two t-shirts, one pair of pants, one pair of shorts and some toiletries. I would not in a million years give up the family that now populates my ridiculo...
by RenoJay
Sat Mar 09, 2013 11:09 am
Forum: Personal Consumer Issues
Topic: Benefits of buying a new car at a local dealership?
Replies: 29
Views: 3771

Re: Benefits of buying a new car at a local dealership?

I'm looking at new cars and just visited a local Acura dealership. They were big on touting their level of service, which includes top loaner vehicles even for oil changes, picking your car up at home for service, etc. So, in the case of a luxury vehicle, buying from a local dealership might make a...
by RenoJay
Fri Mar 08, 2013 11:00 pm
Forum: Investing - Theory, News & General
Topic: DOW 36,000 Again!!!
Replies: 28
Views: 4173

Re: DOW 36,000 Again!!!

James Glassman is now a columnist for Kiplinger Magazine. I wrote a letter to the editor (which was published) about a year ago that essentially said, "This guy made one of the worst predictions in stock market history. The punishment for that should be that no one listens to him ever again, an...
by RenoJay
Fri Mar 08, 2013 10:55 pm
Forum: Personal Consumer Issues
Topic: Benefits of buying a new car at a local dealership?
Replies: 29
Views: 3771

Re: Benefits of buying a new car at a local dealership?

A car is a commodity and the one you get locally will be exactly like the one that's more distant. Furthermore, the distant dealer will likely deliver it to you. (I recently bought a new car where the dealer drove it 300 miles to deliver it.) I'd pay maybe an extra $100 - $200 to "help the loca...
by RenoJay
Thu Mar 07, 2013 1:12 pm
Forum: Investing - Theory, News & General
Topic: What's your number? Why?
Replies: 258
Views: 34839

Re: What's your number? Why?

umfundi wrote:
RenoJay wrote:$10,000,000. Nice round number with lots of digits.
You have a plan to get there?
Keith
I'm already most of the way there due to a successful business venture, so it's not as much of a pie-in-sky goal as it appears. Just a few more years of indexing will hopefully do the trick.
by RenoJay
Thu Mar 07, 2013 11:08 am
Forum: Personal Finance (Not Investing)
Topic: My experience with a financial advisor
Replies: 43
Views: 4784

Re: My experience with a financial advisor

Rick, yes, that was the website, and like you, I don't recall seeing any actual report. (Just a call from a guy wanting my $$$.) Also, I forgot to mention that one of his big ideas was borrowing money at 2% against my investable assets and invest it. I told him straight out I wasn't too interested ...
by RenoJay
Thu Mar 07, 2013 11:08 am
Forum: Personal Finance (Not Investing)
Topic: My experience with a financial advisor
Replies: 43
Views: 4784

Re: My experience with a financial advisor

Rick, yes, that was the website, and like you, I don't recall seeing any actual report. (Just a call from a guy wanting my $$$.) Also, I forgot to mention that one of his big ideas was borrowing money at 2% against my investable assets and invest it. I told him straight out I wasn't too interested ...
by RenoJay
Thu Mar 07, 2013 2:29 am
Forum: Personal Finance (Not Investing)
Topic: My experience with a financial advisor
Replies: 43
Views: 4784

Re: My experience with a financial advisor

For those asking why I did this in the first place, I was hoping to get his opinion on a simple question of, "Can I retire yet?" but as mentioned the conversation was much more about him than me. Including travel it only took 1.75 hours and I've got time to kill anyway.
by RenoJay
Thu Mar 07, 2013 2:27 am
Forum: Investing - Theory, News & General
Topic: What's your number? Why?
Replies: 258
Views: 34839

Re: What's your number? Why?

$10,000,000. Nice round number with lots of digits.
by RenoJay
Wed Mar 06, 2013 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: My experience with a financial advisor
Replies: 43
Views: 4784

Re: My experience with a financial advisor

Rick, yes, that was the website, and like you, I don't recall seeing any actual report. (Just a call from a guy wanting my $$$.) Also, I forgot to mention that one of his big ideas was borrowing money at 2% against my investable assets and invest it. I told him straight out I wasn't too interested i...
by RenoJay
Wed Mar 06, 2013 10:29 pm
Forum: Investing - Theory, News & General
Topic: I hit my number today.
Replies: 74
Views: 9511

Re: I hit my number today.

That's great. Congratulations. It's funny how these milestones seem to hit as the stock market hits or nears all-time highs. I think Rick Ferri has the right idea of reducing some risk.
by RenoJay
Wed Mar 06, 2013 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: My experience with a financial advisor
Replies: 43
Views: 4784

My experience with a financial advisor

I heard an ad on the radio for a free retirement report. For giggles, I filled out the form and was informed that I'd be contacted by a financial adviser. (Bait and switch already.) I took the call and went for a meeting with him today. His office building was dumpy, but his actual office was pretty...
by RenoJay
Tue Mar 05, 2013 10:19 pm
Forum: Investing - Theory, News & General
Topic: Fascinating 60 Minutes piece on Chinese Real Estate market
Replies: 64
Views: 7235

Re: Fascinating 60 Minutes piece on Chinese Real Estate mark

I'd like to be the John Paulson of China and make billions betting against housing. Anyone know how to do it?
by RenoJay
Tue Feb 26, 2013 11:35 pm
Forum: Personal Investments
Topic: One million "excess" house; allocation
Replies: 39
Views: 3841

Re: One million "excess" house; allocation

We are early 40's. Our house is excessive for us (4,100 square feet of stupidity.) I had been counting it as part of net worth because with any extra money, I could always choose to pay down the mortgage (thereby reducing the amount we'll need to draw from investments or that we'll need to live on.)...
by RenoJay
Sun Feb 24, 2013 11:05 pm
Forum: Investing - Theory, News & General
Topic: So what will people do? [if bond bubble bursts]
Replies: 66
Views: 6345

Re: So what will people do? [if bond bubble bursts]

I currently own no bonds. If/when interest rates get to near their historical averages, I will start buying bonds to replace my other fixed income instruments I currently own.
by RenoJay
Sun Feb 24, 2013 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Refinace to 15yr loan?
Replies: 13
Views: 2021

Re: Refinace to 15yr loan?

Two years ago I was in a similar position where I had 22 years left on a 30 year loan at 6.125% and I refi'd into a 15 year at 4%. I was thrilled to save the money and that the loan would be paid off around retirement time. Since then, I have refi'd three additional times down to 2.75%. I love the r...
by RenoJay
Sun Feb 24, 2013 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Housing related question: Should I sell, rent out or stay?
Replies: 36
Views: 3509

Re: Housing related question: Should I sell, rent out or sta

If you don't want to be a landlord, I'd suggest selling the current house and buying another one that fits your needs. Remember, the new one you buy is likely down by the same percentage since 2007 as the one you're in, so it's sort of a wash except for the RE commission.
by RenoJay
Sat Feb 23, 2013 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: What is a Boglehead's net worth?
Replies: 80
Views: 13767

Re: What is a Boglehead's net worth?

I have a hunch some people are misreading the choices, such as $50000k as being $50,000. If I'm wrong, I'd like to ask these folks to adopt me.
by RenoJay
Tue Feb 19, 2013 2:40 pm
Forum: Personal Consumer Issues
Topic: What's your usual retirement day like ?
Replies: 201
Views: 50988

Re: What's your usual retirement day like ?

Retirees beware "surveys continue to show the least happy group to be those who quite often have excess time.” The key to happiness: http://www.psmag.com/blogs/news-blog/key-to-happiness-keeping-busy-without-feeling-rushed-51284/ I have difficulty understanding the concept of "excess time...
by RenoJay
Mon Feb 18, 2013 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Where were you financially in your late twenties?
Replies: 191
Views: 18536

Re: Where were you financially in your late twenties?

At age 28, I had about $6 million net worth based on a recent investment round into my dotcom. The shares were privately held. In Feb. 2000, I was able to sell $250k to the VCs who funded the business and I also sold my house in Silicon Valley which had shot up in value by $205k in a span of 18 mont...
by RenoJay
Fri Feb 15, 2013 7:17 pm
Forum: Personal Investments
Topic: Bad time to rebalance to bonds?
Replies: 30
Views: 4166

Re: Bad time to rebalance to bonds?

I tend to agree with Kevin about non-brokered CDs. The caveats I would add are to look for CDs with relatively small penalties if you withdraw funds prior to maturity. (A reasonable penalty is to forfeit 2-3 months of interest.) That way, if rates rise pretty quickly, you'll be able to get out of yo...
by RenoJay
Sun Feb 10, 2013 6:04 pm
Forum: Investing - Theory, News & General
Topic: Am I Irrational for Doing This?
Replies: 19
Views: 3765

Am I Irrational for Doing This?

I have a 15 year mortgage for around $400k at 2.75%. The interest is tax deductible and I usually hover close to or at the highest marginal federal rate. I have CD's in a taxable account totaling $700k broken down as follows: $250k @ 3% - 9 years left $250k @ 2.4% - 4 years left $200k @ 2.2% - 4 yea...
by RenoJay
Sat Feb 09, 2013 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Saving Old Refi Packets
Replies: 5
Views: 775

Saving Old Refi Packets

I've refinanced four times in the past 2 years. Is there any reason I need to save the huge pile of paperwork from loans I no longer have?
by RenoJay
Fri Feb 08, 2013 7:47 pm
Forum: Personal Consumer Issues
Topic: Deleted
Replies: 30
Views: 6464

Re: Why not to delay all gratification

Thanks for the link. I am going to immediately spend the proportion of my portfolio which equals my estimation of the odds of an asteroid hitting my city.
by RenoJay
Fri Feb 08, 2013 7:44 pm
Forum: Investing - Theory, News & General
Topic: WSJ: Large Pensions Cutting Commodity Funds
Replies: 15
Views: 1614

Re: WSJ: Large Pensions Cutting Commodity Funds

It blows my mind when massive purchasers of anything are unaware that their purchases, in and of themselves, move markets. One reason I like Warren Buffet is because he seems to be aware that he's wielding a huge arsenal of cash and that he cannot simply jump on every underpriced asset because he'll...
by RenoJay
Fri Feb 08, 2013 11:43 am
Forum: Investing - Theory, News & General
Topic: Jeremy Siegel's 1/3, 1/3, 1/3 diversification
Replies: 28
Views: 6552

Re: Jeremy Siegel's 1/3, 1/3, 1/3 diversification

Plan Z: 1/7 stocks 1/7 bonds 1/7 collectible Beanie babies 1/7 Pez dispensers 1/7 Thomas Kinkade, Painter of Light® Master Highlighted pictures 1/7 Bradford Exchange Thomas Kinkade, Painter of Light® genuine limited edition ceramics, without wind-up mechanisms 1/7 Bradford Exchange Thomas Kinkade, ...
by RenoJay
Fri Feb 08, 2013 11:39 am
Forum: Investing - Theory, News & General
Topic: House values in the setting of high inflation
Replies: 13
Views: 859

Re: House values in the setting of high inflation

My parents bought a house in 1979 for around $115k and today it's worth about $1 MM. When they purchased, inflation was high and houses were moving with it. More dramatic, however, was that interest rates were skyrocketing as well. My dad told me how he essentially camped out at a mortgage broker's ...
by RenoJay
Thu Feb 07, 2013 10:19 pm
Forum: Personal Investments
Topic: Peeking at investments...how often?
Replies: 59
Views: 4797

Re: Peeking at investments...how often?

Out of boredom, I spend lots of time on Yahoo finance, Bogleheads and any other financial sites I can find. (It's like mind-grease for me.) I try my best not to make movements based on the emotions of the day or week, but if and when the emotional urge overtakes me, I keep the moves very small so th...
by RenoJay
Thu Feb 07, 2013 5:27 pm
Forum: Investing - Theory, News & General
Topic: Is gold the best inflation-fighting asset? Maybe not.
Replies: 36
Views: 3033

Re: Is gold the best inflation-fighting asset? Maybe not.

Why would central banks hold 30,000 tonnes of Gold as an "inflation-fighting asset" when they "control" inflation? Why is there $10,000,000,000,000 in worldwide wealth allocated to Gold? Why is the U.S. gold guarded 24/7 and stored behind a 21" thick vault door weighing 25 ...
by RenoJay
Thu Feb 07, 2013 5:21 pm
Forum: Investing - Theory, News & General
Topic: Charlie Ellis & Burton Malkiel say 0% bonds OK under 50
Replies: 155
Views: 27572

Re: Charlie Ellis & Burton Malkiel say 0% bonds OK under 50

Know thyself. I was very risk tolerant with 90% equities up through and including the crash of 2008. I stayed the course, told my friends to buy stocks, etc. Then, in late 2009, when the adrenaline wore off, I told myself I never wanted to go through that again and moved to a 60/40 blend between equ...
by RenoJay
Tue Feb 05, 2013 11:38 am
Forum: Personal Finance (Not Investing)
Topic: How to sell very small business (or even if)
Replies: 12
Views: 1659

Re: How to sell very small business (or even if)

I'd caution against trying to choose your buyer ahead of time (i.e. "a competitor" or "someone in the industry.") When you hire a business broker, he/she will advertise your business in several marketplaces such as bizbuysell.com. The buyers will find you and will tend to be self...
by RenoJay
Mon Feb 04, 2013 12:35 pm
Forum: Personal Consumer Issues
Topic: What's your usual retirement day like ?
Replies: 201
Views: 50988

Re: What's your usual retirement day like ?

I'm not retired, but I've been living like a retired person since I was a child. I was always one of those guys who would focus on the task at hand, figure out the quickest, most efficient way to get it done, do it, and then be bored silly. For years I wondered how others spent their days. In colleg...
by RenoJay
Sat Feb 02, 2013 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: 15yr vs 30yr Mortgage Question
Replies: 37
Views: 3162

Re: 15yr vs 30yr Mortgage Question

I recently switched to a 15 year, but that was 7 years into my 30 year mortgage AND I'm 10 years older than you, so I was thinking a lot about how old I'll be when it's paid off. In your case, I think it's a toss up.
by RenoJay
Fri Feb 01, 2013 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Finally!!! [Net Worth Back to 2007 Level]
Replies: 22
Views: 5619

Re: Finally!!! [Net Worth Back to 2007 Level]

Yea, same thing happened to me and wrote a book about it. We recovered from the tech crash and had a dent in our portfolio in 2008. It took us about ten years to recover. We confronted two of the biggest stock market crashes in history and still retired early with a comfortable nest egg. Congratula...
by RenoJay
Fri Feb 01, 2013 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Finally!!! [Net Worth Back to 2007 Level]
Replies: 22
Views: 5619

Re: Finally!!! [Net Worth Back to 2007 Level]

Wow, very cool. Thanks for the detail. We can all learn a little bit from different situations. I can only imagine how difficult it was to keep your head on straight when you go from raking it in, to out of business. To be honest, I always considered myself very lucky. Very, very few people ever ge...
by RenoJay
Fri Feb 01, 2013 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Finally!!! [Net Worth Back to 2007 Level]
Replies: 22
Views: 5619

Re: Finally!!! [Net Worth Back to 2007 Level]

Thanks for all the feedback. Here are answers to the questions: The business: It was an online lead-generation business. I was generating about 2000 leads/day for real estate agents/mortgage brokers. For four years the business was incredible, involving about 30 minutes/day of work and earning liter...
by RenoJay
Thu Jan 31, 2013 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Finally!!! [Net Worth Back to 2007 Level]
Replies: 22
Views: 5619

Re: Finally!!! [Net Worth Back to 2007 Level]

So during those last 5 years, did you reduce your annual expenses commensurate with lower net worth? Yes, big time. First off, I finally got hold of what my annual expense actually are by using Mint. I refinanced my home four times from a starting fixed rate of 6.125% down to 2.75%. (And shortened ...
by RenoJay
Thu Jan 31, 2013 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Finally!!! [Net Worth Back to 2007 Level]
Replies: 22
Views: 5619

Re: Finally!!!

I'm also glad to hear you've recovered. When did you go to 60/40? Did you hold 85% stock through the drawdown and back up? You must have aged 25 years since 2007 to go from 85/15 to 60/40. :happy All kidding aside, what would you tell new investors after this experience? Paul I actually did feel li...