Search found 2194 matches

by Bacchus01
Sat Dec 22, 2018 5:40 pm
Forum: Investing - Theory, News & General
Topic: All the "should I be 100% stocks" threads over the last year.
Replies: 175
Views: 11853

Re: All the "should I be 100% stocks" threads over the last year.

I was 95% broad based equities before and I haven’t changed it materially. I knew the risks and I am willing to take them. I’ll be plowing early $1M in next year so all is good.
by Bacchus01
Wed Dec 19, 2018 9:58 pm
Forum: Investing - Help with Personal Investments
Topic: Net worth of $3.7M at age 47 - can I retire?
Replies: 135
Views: 18980

Re: Net worth of $3.7M at age 47 - can I retire?

Reluctant to dump $800k lump sum into the market at near historic highs after a 9-year bull run? I don't know many people that would. Lots of very good advice in this thread and the recent tax strategy points are particularly helpful. That's a matter of perspective. I would. I will be dumping about...
by Bacchus01
Wed Dec 19, 2018 9:54 pm
Forum: Personal Consumer Issues
Topic: Kid schooling - not learning much academically. Looking for suggestions.
Replies: 117
Views: 5873

Re: Kid schooling - not learning much academically. Looking for suggestions.

That is not to say we shouldn't do better. I think we should. On average we are lagging, but I generally think that is not about accelerating the top end (it's capped) but pulling up the bottom end of the spectrum. I'm not sure we've ever consistently lead in the global education metrics, however. ...
by Bacchus01
Wed Dec 19, 2018 10:58 am
Forum: Personal Consumer Issues
Topic: Kid schooling - not learning much academically. Looking for suggestions.
Replies: 117
Views: 5873

Re: Kid schooling - not learning much academically. Looking for suggestions.

I was having a discussion in a China with a colleague just two weeks ago. We were comparing notes on the daily activities of our children who are both 13. I talked about how he has play practice, band practice, soccer practice, and forensics. He has very little homework and has straight A’s. My Chi...
by Bacchus01
Tue Dec 18, 2018 1:25 pm
Forum: Personal Consumer Issues
Topic: Kid schooling - not learning much academically. Looking for suggestions.
Replies: 117
Views: 5873

Re: Kid schooling - not learning much academically. Looking for suggestions.

If you go to almost any high school academic competition these days in the US, the best problem-solvers are Asian kids, typically males. I have read many studies that attribute this to everything from their parents being better educated than most to Asians having higher IQs on average. No idea why ...
by Bacchus01
Tue Dec 18, 2018 1:22 pm
Forum: Personal Consumer Issues
Topic: Kid schooling - not learning much academically. Looking for suggestions.
Replies: 117
Views: 5873

Re: Kid schooling - not learning much academically. Looking for suggestions.

FYI, the little research I have done has shown very little correlation to homework and scholastic performance especially early in life and more then hour per day. Heck, grades itself are not used in Finland (a perennial powerhouse for education) until late in their schooling. I agree completely. Th...
by Bacchus01
Tue Dec 18, 2018 1:16 pm
Forum: Personal Consumer Issues
Topic: Kid schooling - not learning much academically. Looking for suggestions.
Replies: 117
Views: 5873

Re: Kid schooling - not learning much academically. Looking for suggestions.

That is not to say we shouldn't do better. I think we should. On average we are lagging, but I generally think that is not about accelerating the top end (it's capped) but pulling up the bottom end of the spectrum. I'm not sure we've ever consistently lead in the global education metrics, however. ...
by Bacchus01
Tue Dec 18, 2018 1:13 pm
Forum: Personal Consumer Issues
Topic: Disney/Univ Studio in Spring Break - is it crowded?
Replies: 48
Views: 1885

Re: Disney/Univ Studio in Spring Break - is it crowded?

ebrasmus21 wrote:
Tue Dec 18, 2018 12:14 pm
There's one thing you can bet good money on and that is the fact that both those parks are going to be crowded when you plan on attending. They are always crowded. ALWAYS.
We went around Halloween a few years back. It was not crowded at all.
by Bacchus01
Tue Dec 18, 2018 9:51 am
Forum: Investing - Help with Personal Investments
Topic: Is anyone's portfolio not tanking???
Replies: 129
Views: 13105

Re: Is anyone's portfolio not tanking???

Define tanking.

Is it lower than 6 months ago? Yes
Is it higher than Feb? Yes
Is it lower than Jan? Yes
Is it higher than a year ago? Yes

Has it tanked? Not by any of my definitions.
by Bacchus01
Tue Dec 18, 2018 9:44 am
Forum: Personal Consumer Issues
Topic: Kid schooling - not learning much academically. Looking for suggestions.
Replies: 117
Views: 5873

Re: Kid schooling - not learning much academically. Looking for suggestions.

Same problem here. I have a 1st grader at a magnet elementary school and in top 20-30 in the state and it is pathetic what they are teaching. Her KG teacher was great they were doing addition by middle of year and introduced subtraction by end of year and nearly all knew how to read by end of year....
by Bacchus01
Tue Dec 18, 2018 8:33 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4043
Views: 1100912

Re: What Movie Have You Recently Watched?

LadyGeek wrote:
Mon Dec 17, 2018 5:21 pm
Lucy, on DVD. A sci-fi action thriller, from 2014. The plot is not that complicated, but it's well produced and has lots of action. I liked it.
I liked that one, until the end. It just got weird then.
by Bacchus01
Tue Dec 18, 2018 8:14 am
Forum: Personal Consumer Issues
Topic: Kid schooling - not learning much academically. Looking for suggestions.
Replies: 117
Views: 5873

Re: Kid schooling - not learning much academically. Looking for suggestions.

Bacchus01 - You're right. Private school population is pretty homogenous. I don't think that's really a negative. Diverse schools largely have a lot of disciplinary problems, and test scores are pretty abysmal. I’d like to see the facts behind your alleged correlation that diversity means rowdy and...
by Bacchus01
Mon Dec 17, 2018 10:22 pm
Forum: Personal Consumer Issues
Topic: Kid schooling - not learning much academically. Looking for suggestions.
Replies: 117
Views: 5873

Re: Kid schooling - not learning much academically. Looking for suggestions.

Grt2bOutdoors wrote:
Mon Dec 17, 2018 9:57 pm
Public school. Try it, see how it works out.

This. Not to mention the cultural and diversity aspect of public schools “usually” outweighs those of often homogenous private schools.

For pre-k we actually sent our kids to a local community center.
by Bacchus01
Mon Dec 17, 2018 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire
Replies: 126
Views: 10112

Re: Can I retire

We have 1 kid in 1st grade, we live pretty modestly and these are my expenses taken from Mint for 2017: 1. House: almost 40k. Mortgage + insurance + property taxes plus some minor DYI stuff. 2bdr, 1600sq ft in case you wonder. 2. Travel 17k$. 2017 was not a representative year because we use a lot ...
by Bacchus01
Mon Dec 17, 2018 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: Bottom fishing
Replies: 28
Views: 3209

Re: Bottom fishing

StevieG72 wrote:
Sun Dec 16, 2018 11:28 pm
I pulled the trigger on a healthy amount of VTSAX 3 times in the last couple of months.

$66.00 is my anchor, if it falls below and I can scrape up some cash, then I pull the trigger.
it’s well below that
by Bacchus01
Mon Dec 17, 2018 8:06 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10061
Views: 1781676

Re: U.S. stocks in free fall

2019 will be worse.
by Bacchus01
Mon Dec 17, 2018 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire
Replies: 126
Views: 10112

Re: Can I retire

Homer, “Pennylane, who is 26, with no kids, has no right to be telling the OP he's spending too much.” This statement is not correct. Pennylane has a perspective and and so do you. Neither is invalid. Hmm... Let me parse this carefully. I think I will have to agree with you that my statement, as wr...
by Bacchus01
Mon Dec 17, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire
Replies: 126
Views: 10112

Re: Can I retire

How can someone spend 250k a year in living expenses? Made me think and do some math. We spend 2k on gas, and electricity each, 3k on phone, 8k on disability, 6k on insurance 2k on car, 650 on HOA, county tax of 5k Car once every 10 year = 50G OR 5 G per year So this is roughly 35k/year minimum Res...
by Bacchus01
Mon Dec 17, 2018 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire
Replies: 126
Views: 10112

Re: Can I retire

On the other hand, you really shouldn't be using the word "trivial" above when talking about spending that only the top 2% can do. That's equally ridiculous. I didn't mean to imply that it is trivial to do. Only that it is trivial to come up with examples of other people doing. Remember, this digre...
by Bacchus01
Mon Dec 17, 2018 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Airbnb as side gig
Replies: 44
Views: 3032

Re: Airbnb as side gig

The people that run actual B&Bs must be terrified every night. AirBnB's are actual B&B's. Now they have an online platform they can use to connect with customers. The people that are terrified are hotels. To OP's actual question, I would reiterate the advice to check with your homeowners insurance....
by Bacchus01
Mon Dec 17, 2018 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Airbnb as side gig
Replies: 44
Views: 3032

Re: Airbnb as side gig

The people that run actual B&Bs must be terrified every night.
by Bacchus01
Mon Dec 17, 2018 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire
Replies: 126
Views: 10112

Re: Can I retire

How can someone spend 250k a year in living expenses? Made me think and do some math. We spend 2k on gas, and electricity each, 3k on phone, 8k on disability, 6k on insurance 2k on car, 650 on HOA, county tax of 5k Car once every 10 year = 50G OR 5 G per year So this is roughly 35k/year minimum Res...
by Bacchus01
Mon Dec 17, 2018 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire
Replies: 126
Views: 10112

Re: Can I retire

Retiring at 54 will give you a lot of years of zeros out of the 35 highest. More than a few of us old dogs out here that have blown that out. Was on SSA.gov and doing some modeling today as I'm looking to walk in 2020. Can't speak for the OP but I'm sittin' here at the age of 54 now, have 37 years ...
by Bacchus01
Sun Dec 16, 2018 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire
Replies: 126
Views: 10112

Re: Can I retire

Public school is always an option, as is where you live. It is actually illegal for me to send my children to public school where I live. In Australia public schools cost up to AUD$18,000 a year if you aren't a permanent resident (i.e. are just there on a visa for work for a few years) under the th...
by Bacchus01
Sun Dec 16, 2018 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire
Replies: 126
Views: 10112

Re: Can I retire

How can someone spend 250k a year in living expenses? Maybe I/we need to spend more but there is no way I can see use spend 250k per year! What am I missing? (Just curious if my calculations are wrong and in no way trying to shame anyone) Is it really so hard to imagine that other people could spen...
by Bacchus01
Sun Dec 16, 2018 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Advice for 40s
Replies: 5
Views: 857

Re: Advice for 40s

If you are not focusing already on your fitness and diet, do it now. Don’t wait. Don’t put it off to next year. Do it now. Fortunately for my wife and I we’ve been very active and eat reasonably well, but at 45, I’ve seen my old buddies go downhill fast. Most look like they’ve aged 10-15 in the last...
by Bacchus01
Sun Dec 16, 2018 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Inadvertent disclosure of personal info by a lawyer
Replies: 18
Views: 2767

Re: Inadvertent disclosure of personal info by a lawyer

Posting for someone else. An immigration lawyer has disclosed personal info of a wife and husband, including DOBs and SSNs to someone who the lawyer claims to be a previous client. The lawyer has apologized and said the said client has been asked to delete the info. The couple have since contacted ...
by Bacchus01
Sun Dec 16, 2018 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Should I sell my last rental property in major west coast city?
Replies: 11
Views: 1283

Re: Should I sell my last rental property in major west coast city?

15% of your net worth is tied up in an asset that is out of the country, in a difficult regulatory environment, and possibly subject to future income stream caps?

I think I’d sell.
by Bacchus01
Sun Dec 16, 2018 5:26 pm
Forum: Personal Consumer Issues
Topic: Negril vs Montego Bay Jamaica
Replies: 13
Views: 1012

Re: Negril vs Montego Bay Jamaica

$6800 for two without airfare sounds high. Is that in line? We booked a honeymoon suite. Its about double the size of a regular room and it is an end unit with wrap around balcony. Also, they have almost zero rooms left and it is only 75 days out, so most rooms are more expensive than if booked 6 m...
by Bacchus01
Sun Dec 16, 2018 5:10 pm
Forum: Personal Consumer Issues
Topic: Negril vs Montego Bay Jamaica
Replies: 13
Views: 1012

Re: Negril vs Montego Bay Jamaica

$6800 for two without airfare sounds high. Is that in line?
by Bacchus01
Sun Dec 16, 2018 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire
Replies: 126
Views: 10112

Re: Can I retire

Loving the comments .. The original question was a mixture of rhetorical, tongue in cheek and desperation, Nevertheless some really good pointers. FYI - I understand the concept of expenses in retirement and the various metrics used. My outline probably was not clear on this but my current expenses...
by Bacchus01
Sun Dec 16, 2018 3:02 pm
Forum: Personal Consumer Issues
Topic: Personal Adventure - recommendations
Replies: 97
Views: 6592

Re: Personal Adventure - recommendations

Go to Colorado and hike every 14’er in the state. Most are rigorous but not brutal. A few might be brutal.

The nice thing is you can stay in a nice B&B every night or for a few nights and save the rigor for the trail each morning.
by Bacchus01
Sun Dec 16, 2018 2:52 pm
Forum: Personal Consumer Issues
Topic: Best values at Costco? Honestly, a little disappointed...
Replies: 188
Views: 20980

Re: Best values at Costco? Honestly, a little disappointed...

Utvolfan1 wrote:
Sun Dec 16, 2018 2:10 pm
Cheesecake is brilliant there.
The apple pies are surprisingly good as well.
by Bacchus01
Sun Dec 16, 2018 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Should you always use a 529?
Replies: 55
Views: 5961

Re: Should you always use a 529?

https://financialaid.wisc.edu/introduci ... -hub-wish/

But you likely need a NetID (applied already to UW) to access it.
by Bacchus01
Sun Dec 16, 2018 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire
Replies: 126
Views: 10112

Re: Can I retire

How can someone spend 250k a year in living expenses? Maybe I/we need to spend more but there is no way I can see use spend 250k per year! What am I missing? (Just curious if my calculations are wrong and in no way trying to shame anyone) Is it really so hard to imagine that other people could spen...
by Bacchus01
Sat Dec 15, 2018 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire
Replies: 126
Views: 10112

Re: Can I retire

No. Not yet. Get some things sorted out.

We spend less than you and we have three kids (16, 13, 9), own three houses and drive two new cars with loans. I figure without the loans and kids around, wed spend less than $80K a year and we live quite well.
by Bacchus01
Sat Dec 15, 2018 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Should you always use a 529?
Replies: 55
Views: 5961

Re: Should you always use a 529?

Just keep in mind money in the kids name is weighted the heaviest for financial aid. In order words you are better off having the money in your name as the parent or a 529. In all of this keep in min your time horizon, you have 4 years until you need to make a withdraw and between 0 and 4+ years in...
by Bacchus01
Sat Dec 15, 2018 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Should you always use a 529?
Replies: 55
Views: 5961

Re: Should you always use a 529?

From what I've heard, there are literally thousands of scholarships out there that don't involve need. I know of one young lady who didn't have a stellar academic record but applied for everything that she thought there was a remote chance she could get. IIRC, she got over $80k of scholarships, eno...
by Bacchus01
Sat Dec 15, 2018 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Should you always use a 529?
Replies: 55
Views: 5961

Re: Should you always use a 529?

Just keep in mind money in the kids name is weighted the heaviest for financial aid. In order words you are better off having the money in your name as the parent or a 529. In all of this keep in min your time horizon, you have 4 years until you need to make a withdraw and between 0 and 4+ years in...
by Bacchus01
Sat Dec 15, 2018 8:54 am
Forum: Investing - Help with Personal Investments
Topic: Am I Investing Too Much?
Replies: 18
Views: 2003

Re: Am I Investing Too Much?

So my wife and I did the 2019 budget from 10,000 feet and we think we have figured out our maximum potential earnings, savings, and investing for the year. We think we can put away about $10,000 for the savings account (money market saving for our future home), $12,000 for Roth IRAs ($6,000 each), ...
by Bacchus01
Sat Dec 15, 2018 8:22 am
Forum: Investing - Help with Personal Investments
Topic: I made a mistake by not selling when the market was high this year
Replies: 153
Views: 19405

Re: I made a mistake by not selling when the market was high this year

I made another big mistake. I should have taken some gains earlier this year when I had the chance. It seems to me that 10 months of great growth for 2018 has been wiped out in the past few weeks. I don’t have a good question. Just wondering if anyone else is in the same boat. Is this the beginning...
by Bacchus01
Sat Dec 15, 2018 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA for kids
Replies: 100
Views: 10611

Re: Roth IRA for kids

Question to snowman: I tried to open a Roth IRA for kid, and could not find the link to open the minor account. So I send a message to Vanguard support and was told to open an account for minor, I have to send paper application through mail. You mentioned you did everything online. How did you do i...
by Bacchus01
Sat Dec 15, 2018 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Should you always use a 529?
Replies: 55
Views: 5961

Re: Should you always use a 529?

Just keep in mind money in the kids name is weighted the heaviest for financial aid. In order words you are better off having the money in your name as the parent or a 529. In all of this keep in min your time horizon, you have 4 years until you need to make a withdraw and between 0 and 4+ years in...
by Bacchus01
Sat Dec 15, 2018 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Should you always use a 529?
Replies: 55
Views: 5961

Re: Should you always use a 529?

I would save 529 as a family scholrarship fund. You can always change beneficary as you want within your family. Let 529 run for 50 years or more, be aggressive as possible and let it compounding. This is what we are doing. We even contribute to ourselves so that we can change that to our kids, gra...
by Bacchus01
Fri Dec 14, 2018 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Megacorp Interview Advice
Replies: 12
Views: 1711

Re: Megacorp Interview Advice

Agree with everyone else. At the Director level, odds are high that the only candidates being seriously considered are the ones the VP/hiring manager already know well and are being asked to apply for the role, vs. the opposite which is more common at the lower roles. And yes, often times, those in...
by Bacchus01
Fri Dec 14, 2018 7:58 am
Forum: Investing - Help with Personal Investments
Topic: In a Bear Market, What Are Some Best Practices
Replies: 53
Views: 7104

Re: In a Bear Market, What Are Some Best Practices

Stay the course
DCA
TLH
LBYM
Focus on your career and family

This advice applies to virtually every market condition.
by Bacchus01
Fri Dec 14, 2018 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA for kids
Replies: 100
Views: 10611

Re: Roth IRA for kids

Question to snowman: I tried to open a Roth IRA for kid, and could not find the link to open the minor account. So I send a message to Vanguard support and was told to open an account for minor, I have to send paper application through mail. You mentioned you did everything online. How did you do i...
by Bacchus01
Fri Dec 14, 2018 7:00 am
Forum: Personal Consumer Issues
Topic: Who else is doing home automation?
Replies: 64
Views: 3702

Re: Who else is doing home automation?

There are big bucks being spent in this area and it’s moving fast. We have a MyQ garage opener. My kids use the garage as an entry and can’t for the life of them figure out how to hit the button to close it. We’ve had the police stop more than once at 2AM to tell us our garage door was open. It’s no...