Search found 1321 matches

by momar
Tue Jun 11, 2013 7:43 pm
Forum: Personal Consumer Issues
Topic: Travel to Siena (Italy) this September
Replies: 22
Views: 3273

Re: Travel to Siena (Italy) this September

Just as an aside, but we were in Tuscany last September for I think 5 days. We stayed in an old mill/farm house outside of Arezzo and drove around to somewhere different every day. It was great. There are a bunch of official agriturismos in Tuscany; I don't think this is one but same idea. Here it i...
by momar
Tue Jun 11, 2013 2:36 pm
Forum: Personal Investments
Topic: The best use of an emergency fund
Replies: 22
Views: 2467

Re: The best use of an emergency fund

So at this point, I would like you guys to critique the following idea: The premise is that my E fund is about 60K which is 5% of the amount that I would like to expose to the market over a 20 year period (1.2M). Portfolio is low 6 figures. For me, 60K is significant amount of money to keep in a sa...
by momar
Tue Jun 11, 2013 10:43 am
Forum: Personal Investments
Topic: The best use of an emergency fund
Replies: 22
Views: 2467

Re: The best use of an emergency fund

Consider the low rates an incentive to build up your taxable account so that you don't need a dedicated emergency fund. Pick the drop you think is appropriate for the worst case, say 50%, and if you get your taxable investments to double your e fund needs you don't really need an e fund anymore, do ...
by momar
Tue Jun 11, 2013 9:31 am
Forum: Personal Consumer Issues
Topic: Why buy expensive cars
Replies: 271
Views: 34565

Re: Why buy expensive cars

What does astonish me though is looking at all the cars in my middle class neighborhood when I walk the dog every morning and evening. I have a pretty vague idea of what most of my neighbors do and therefore, what their approximate income is. My wife and I are most likely in the top 10% or top 5% o...
by momar
Mon Jun 10, 2013 5:57 pm
Forum: Personal Consumer Issues
Topic: Travel to Siena (Italy) this September
Replies: 22
Views: 3273

Re: Travel to Siena (Italy) this September

How'd you manage to find a place in Tuscany?
by momar
Mon Jun 10, 2013 4:46 pm
Forum: Investing - Theory, News & General
Topic: Is 3% the new 4%
Replies: 148
Views: 13578

Re: Is 3% the new 4%

Look, the goal is to emulate the French man with the renowned wine cellar. He died, and his heirs were dismayed to find only one bottle left in the cellar. You can only get to that sort of precision with continuous adjustments of your expectations and your resources. Keith Why did he leave them a b...
by momar
Mon Jun 10, 2013 3:15 pm
Forum: Investing - Theory, News & General
Topic: Is 3% the new 4%
Replies: 148
Views: 13578

Re: Is 3% the new 4%

I'm just going to chime in to say that most of the conversations I've seen that question a 4% withdrawal rate do so for early retirees whose portfolios may well need to last for 40+ years. The Trinity study was predicated on 30-year portfolio survival, so most people discount the 4% for people reti...
by momar
Sun Jun 09, 2013 11:14 pm
Forum: Investing - Theory, News & General
Topic: Is 3% the new 4%
Replies: 148
Views: 13578

Re: Is 3% the new 4%

edited: deleted, pointless
by momar
Sun Jun 09, 2013 8:58 pm
Forum: Investing - Theory, News & General
Topic: Is 3% the new 4%
Replies: 148
Views: 13578

Re: Is 3% the new 4%

The comments above about cat food with 5% are ridiculous; the vast majority of people could have taken 5% or more and been fine. The vast majority of people could ave saved a substantial sum, over time, by forgoing fire insurance in their home. But the consequences of being in the small unlucky gro...
by momar
Sun Jun 09, 2013 8:34 pm
Forum: Investing - Theory, News & General
Topic: Is 3% the new 4%
Replies: 148
Views: 13578

Re: Is 3% the new 4%

There has been a lot of discussions on the 4% rate and several studies suggesting that 4% is too high. The problem is low bond rates , but the equity market has provided a good portfolio boost, so it may not be too bad yet. Having said that, a little prudence is in order. The other thing to conside...
by momar
Fri Jun 07, 2013 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Paid off mortgage today
Replies: 73
Views: 7972

Re: Paid off mortgage today

... I understand why people write it, but I disagree with it. It is only appropriate if you are unwilling to take any risk and will invest only in risk free instruments. It is fine to say if that is the case, but it is more generally used as a bromide with the implication that it applies to everyon...
by momar
Fri Jun 07, 2013 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Paid off mortgage today
Replies: 73
Views: 7972

Re: Paid off mortgage today

I would also add that everyone typically recognizes the value of liquidity except in these situations.
by momar
Fri Jun 07, 2013 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Paid off mortgage today
Replies: 73
Views: 7972

Re: Paid off mortgage today

... I agree. I never get it when people post that you can only compare to a risk free return. That and 30 year Treasuries are yielding right around 3.25%. Hi momar, The comparison is the value of the mortgage interest you end up not paying. For what would have been the duration of the loan you are ...
by momar
Fri Jun 07, 2013 10:10 am
Forum: Investing - Theory, News & General
Topic: Individual Stocks VS Mutual Funds/ETF
Replies: 49
Views: 3210

Re: Individual Stocks VS Mutual Funds/ETF

2. Their expected return is higher because we receive the dividends exactly when the company gives them, instead of having to wait until the fund gives them (which is usually only 1 to 4 times per year). 3. Their expected return is higher because we sell them when we want, instead of having to sell...
by momar
Fri Jun 07, 2013 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Paid off mortgage today
Replies: 73
Views: 7972

Re: Paid off mortgage today

You cannot get a risk free 3.25% return. You have to compare paying off the mortgage with a risk free investment to make it apples to apples. You do? You can NEVER guarantee a riskier investment will beat the risk-free return. With that thinking, no one would ever invest in anything but risk-free a...
by momar
Fri Jun 07, 2013 9:37 am
Forum: Personal Finance (Not Investing)
Topic: [Can I afford a] New Car Purchase
Replies: 48
Views: 4936

Re: [Can I afford a] New Car Purchase

Don't spend 76% of your annual take home on a new car.
by momar
Thu Jun 06, 2013 1:02 am
Forum: Personal Consumer Issues
Topic: Premium Products That Are Worth It To You
Replies: 368
Views: 60881

Re: Premium Products That Are Worth It To You

Beer, steaks.
by momar
Thu Jun 06, 2013 12:44 am
Forum: Personal Consumer Issues
Topic: Downstairs neighbor wants to inspect my apartment
Replies: 34
Views: 4496

Re: Downstairs neighbor wants to inspect my apartment

Why do you care if they see it? Why are you speculating as to their reasons? Actually, it's rather inconvenient for me. It means that I have to make a point to be home when their contractor can stop by. I'm also a somewhat private person and don't particularly care to open my home to strangers. I'm...
by momar
Wed Jun 05, 2013 9:46 pm
Forum: Personal Consumer Issues
Topic: Downstairs neighbor wants to inspect my apartment
Replies: 34
Views: 4496

Re: Downstairs neighbor wants to inspect my apartment

Why do you care if they see it? Why are you speculating as to their reasons? Sometimes I don't understand people on the internet. Just ask them why they need to see it and if it is reasonable then let them. Even if you have problems with your neighbor, denying a possibly reasonable request is only g...
by momar
Wed Jun 05, 2013 9:39 pm
Forum: Personal Investments
Topic: Will we get rich off index funds ?
Replies: 40
Views: 6873

Re: Will we get rich off index funds ?

Your day job, inheritance, or winnings will make you rich.
by momar
Mon Jun 03, 2013 11:58 am
Forum: Personal Consumer Issues
Topic: Costco holdout considering membership
Replies: 117
Views: 10220

Re: Costco holdout considering membership

I don't like TJ's produce. It always seems like it's moldy or dead the next day. I love Costco. Definitely have saved money on diapers, wipes, dog food, etc. I have a list and stick to it for the most part. Laundry detergent, dish detergent,etc. That stuff is awesome to buy in bulk. Canned black be...
by momar
Sun Jun 02, 2013 6:50 pm
Forum: Investing - Theory, News & General
Topic: VG Total International Bond Fund is open
Replies: 88
Views: 16809

Re: VG Total International Bond Fund is open

I would buy the Emerging Markets bond fund, except for that purchase fee. I like that it is somewhat risky and that (Valuethinker mentioned this in another thread) it will hold bonds from EMs that aren't in the various stock funds. That seems like enough of a value proposition to get me interested. ...
by momar
Sun Jun 02, 2013 6:42 pm
Forum: Personal Consumer Issues
Topic: Oslo
Replies: 13
Views: 1465

Re: Oslo

I would want to go on the Fløibanen Funicular. But you are doing trains, so that wouldn't be that different. Riding a funicular wouldn't be much different from an inter-city train? Granted, they both have tracks.... As it happens, my wife and I are going to Bergen and Oslo next month. In addition t...
by momar
Sun Jun 02, 2013 6:36 pm
Forum: Personal Consumer Issues
Topic: Costco holdout considering membership
Replies: 117
Views: 10220

Re: Costco holdout considering membership

I honestly have no idea what you are talking about in terms of the packaging. They use old boxes to help pack your stuff, that seems to me to be environmentally friendly thing to do. The stuff there is not over packaged. I find the way they package apples to be completely obnoxious, but everything ...
by momar
Sun Jun 02, 2013 11:07 am
Forum: Personal Consumer Issues
Topic: Oslo
Replies: 13
Views: 1465

Re: Oslo

Well, you titled the post Oslo but said you are going to Bergen. If I was in Bergen for one day and had never been before, I would want to go on the Fløibanen Funicular. But you are doing trains, so that wouldn't be that different. I would go to the fish market/Hanseatic league buildings and just wa...
by momar
Sat Jun 01, 2013 12:09 pm
Forum: Personal Investments
Topic: What you tell yourself when you end up buying at a peak
Replies: 47
Views: 4872

Re: What you tell yourself when you end up buying at a peak

I tell myself that one purchase is only a tiny fraction of my lifetime investments.
by momar
Sat Jun 01, 2013 11:57 am
Forum: Investing - Theory, News & General
Topic: uh oh...homes becoming bank accounts again
Replies: 25
Views: 3614

Re: uh oh...homes becoming bank accounts again

Once again, why doesn't he have $30k in an emergency/liquid asset fund? Meh. I just took out a car loan because the financing costs less than the capital gains taxes of raising enough cash. Any you sleep well? :wink: Considering I have multiple years of expenses in taxable accounts, yes, I sleep fi...
by momar
Sat Jun 01, 2013 11:56 am
Forum: Personal Investments
Topic: bonds vs paying off mortgage, more confused thoughts
Replies: 12
Views: 1988

Re: bonds vs paying off mortgage, more confused thoughts

When you pay off your house, just treat it as decreasing your expenses. Ultimately you need to replace your expenses, or a given fraction of them, in retirement. If you have no mortgage, your expenses are lower.

Whether you want to pay off your mortgage depends on how much risk you want to take.
by momar
Sat Jun 01, 2013 11:07 am
Forum: Investing - Theory, News & General
Topic: uh oh...homes becoming bank accounts again
Replies: 25
Views: 3614

Re: uh oh...homes becoming bank accounts again

Anyway my main curiosity was why does this guy have to borrow money in the first place? Why doesn't he have $30k saved up? :oops: Why would he want to pull his investment money from the market when he can get free, well <2% money out of his illiquid investment? :oops: Hey, it's helping the economy....
by momar
Thu May 30, 2013 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Downpayment Money from In-Laws
Replies: 52
Views: 6197

Re: Downpayment Money from In-Laws

Just borrow it. I disagree with everyone that you aren't ready or this is a bad idea. If you trust yourself to repay it, don't worry about the consequences of not repaying it. And I don't agree that not having 20% yet means you are not ready. If you have 10 or 15% and would have the additional in an...
by momar
Thu May 30, 2013 9:00 pm
Forum: Personal Consumer Issues
Topic: The college "bubble" and financial literacy
Replies: 4
Views: 853

Re: The college "bubble" and financial literacy

Does the government guarantee a job for every single graduate?
by momar
Thu May 30, 2013 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Advice on Debt vs. Investing.
Replies: 25
Views: 6059

Re: Advice on Debt vs. Investing.

Compounding works just as surely on debt as it does on savings. Unless you anticipate being able to easily max out all of your tax deferred options in the future and still having plenty left over (this could be 45k per year), I would only contribute enough to get whatever match you might get.
by momar
Sun May 26, 2013 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Your Home is Not a Good Investment
Replies: 145
Views: 17475

Re: Your Home is Not a Good Investment

Using that formulation a car would be an investment, as would pretty much anything. I don't think that makes for a useful definition of 'investment' or at least not one that differentiates it from 'consumption'. You have a point. That definition could use some help. Nonetheless I think for this dis...
by momar
Sun May 26, 2013 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Your Home is Not a Good Investment
Replies: 145
Views: 17475

Re: Your Home is Not a Good Investment

1) Everyone should have the general characteristic of the Piet Eichholz Herengracht Index in their heads as part of their mental furniture. This must be one of the longest financial data series ever researched. It is the price of choice urban Amsterdam residential real estate over a period of not q...
by momar
Fri May 24, 2013 3:41 am
Forum: Personal Consumer Issues
Topic: Advice on Highlander/Odyssey purchase
Replies: 44
Views: 12154

Re: Advice on Highlander/Odyssey purchase

If you are in the position to be considering a minivan, it is time you give up any illusions of being cool. Diapers, vomit, boogers etc.
by momar
Fri May 24, 2013 3:36 am
Forum: Investing - Theory, News & General
Topic: So what is the history of INTL with regards to DIVIDENDS??
Replies: 13
Views: 1362

Re: So what is the history of INTL with regards to DIVIDENDS

I don't take a 2% dividend for granted at all. Why do you? http://chart.apis.google.com/chart?cht=lxy&chs=780x384&chf=bg,s,00000000&chco=2e578c&chxt=x,y,x,r&chxr=1,0,14|3,0,14|4,0,14&chxp=3,1.95|4,0&chxtc=0,-800|1,-800|4,-800&chxs=0,989090,12,0,lt,e0e0ee,e0e0ee|1,9890...
by momar
Fri May 24, 2013 3:32 am
Forum: Personal Investments
Topic: Gift for children
Replies: 16
Views: 1843

Re: Gift for children

I suggest not setting aside any money specifically for this, investing according to your allocation, and gifting the amount of money you want to when your kids turn 26.
by momar
Thu May 23, 2013 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Why do you do it? [POLL] [High savings rate for retirement]
Replies: 78
Views: 10391

Re: Why do you do it? [POLL]

Paranoia and/or needless worrying.
by momar
Thu May 23, 2013 8:59 pm
Forum: Personal Investments
Topic: Difference between tot international and FTSE all world
Replies: 8
Views: 1520

Re: Difference between tot international and FTSE all world

Bogle101 wrote:I was shocked at that Yahoo chart originally. The index fund without small caps outperformed the one that did?
Even people who buy into the small effect must acknowledge that small cap stocks can underperform for long periods.
by momar
Wed May 22, 2013 3:34 pm
Forum: Personal Consumer Issues
Topic: Runners Knee...new shoes, orthotics, what?
Replies: 47
Views: 5089

Re: Runners Knee...new shoes, orthodics, what?

How did people run before modern shoes became available? Victoria As others have said, they ran barefoot. But then they died at age 30 with bad knees. The modern, elevated heel, padded running shoe was invented in the 70s. There is no evidence that I am aware of that this type of shoe has decreased...
by momar
Wed May 22, 2013 12:33 pm
Forum: Personal Consumer Issues
Topic: Runners Knee...new shoes, orthotics, what?
Replies: 47
Views: 5089

Re: Runners Knee...new shoes, orthodics, what?

And don't do leg extensions! Those are murder on your knees.

If you want to strength train, squat.
by momar
Wed May 22, 2013 12:32 pm
Forum: Personal Consumer Issues
Topic: Runners Knee...new shoes, orthotics, what?
Replies: 47
Views: 5089

Re: Runners Knee...new shoes, orthodics, what?

I injured my knee squatting heavy and running too often. I always had problems running after that even if I went pretty easy with plenty of rest. I run barefoot now, and have no problems. I recommend it.

There are plenty of minimalist shoes if you don't want to go full fledged barefoot.
by momar
Sat May 18, 2013 9:32 pm
Forum: Personal Consumer Issues
Topic: Trading for a used car - arghhhhh
Replies: 16
Views: 2049

Re: Trading for a new car - arghhhhh

Don't rely on these sites to report what the value of your car is. Go on Craigslist, Autotrader, and the like and find out how much people are listing your car for.
by momar
Sat May 18, 2013 9:31 pm
Forum: Investing - Theory, News & General
Topic: Gold
Replies: 78
Views: 6716

Re: Gold

This chart has gold staying close to US inflation over very long periods. lots of volatility though http://www.longtermreturns.com/p/historical-investment-returns.html?fromyear=1926&toyear=2012&real=0&log=1&plots=500_Gold_Inflation&customplots1=500_2__20yr_1__Bills_1__Gold_1 edi...
by momar
Sat May 18, 2013 9:28 pm
Forum: Forum Issues and Administration
Topic: 250+ replies?? What's the deal?
Replies: 4
Views: 1793

Re: 250+ replies?? What's the deal?

If you counted up all the replies to threads from a newbie asking for help for his portfolio, it would far outnumber the "popular" threads.

We all like to think we are special snowflakes, but the truth is everyone ought to do more or less the same thing.
by momar
Sat May 18, 2013 10:08 am
Forum: Personal Finance (Not Investing)
Topic: What's the point? [job frustration]
Replies: 42
Views: 5629

Re: What's the point?

The only reason to continue working at the 600k job is if you want to completely retire in a few years. If you only spend 60k, you don't quite have enough but you ought to within a year or three. If you can be happy in a 100k job that covers your expenses, you probably already have enough saved that...
by momar
Fri May 17, 2013 11:02 pm
Forum: Investing - Theory, News & General
Topic: Who is the next Jack Bogle?
Replies: 7
Views: 1683

Re: Who is the next Jack Bogle?

Jeff Bezos. He has somehow convinced Wall Street that selling us stuff below cost is a good business plan.
by momar
Fri May 17, 2013 10:45 pm
Forum: Investing - Theory, News & General
Topic: Gold
Replies: 78
Views: 6716

Re: Gold

The best projection of gold performance over time is that it will match inflation. One ounce of gold buys a nice suit today, and will continue to do so in the future. I need better performance than that. This is patently silly - did the price of a suit go up from 400 to 1800 dollars in less than a ...
by momar
Fri May 17, 2013 7:01 pm
Forum: Investing - Theory, News & General
Topic: Will 1,666 be the high?
Replies: 31
Views: 4195

Re: Will 1,666 be the high?

That's it........ I'm moving everything into 50:50 Emerging Market Bond and Powerball tickets. That could turn out well if you can buy 175,000,000 discrete tickets and nobody else wins. You would get the 600m jackpot plus a bit more because you would hit quite a few 1 million dollar 5 number draws....
by momar
Fri May 17, 2013 7:00 pm
Forum: Investing - Theory, News & General
Topic: Devil's advocate [Investing for the longterm]
Replies: 14
Views: 1416

Re: Devil's advocate

I'm hedging my bets and diversifying into human capital, ie a baby. If the stock market fails, I'll move in with him in 30 years.