Search found 1356 matches

by bligh
Wed Apr 21, 2021 10:45 am
Forum: Personal Investments
Topic: What does "won the game stop playing" mean in practice?
Replies: 190
Views: 14509

Re: What does "won the game stop playing" mean in practice?

I've often seen answers include the recommendation "When you've won the game,stop playing." What does this mean in practice? That advice is usually meant that you should de-risk. ie. If, for example, you are 60 years old and have 25x of your expenses already saved for retirement and have ...
by bligh
Wed Apr 14, 2021 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9878

Re: Buying a Home in SoCal

Since you've asked, my humble opinion is that you sit with your spouse and hash out what your priorities in life are. There is no advice that can be given on this board that can really help you in your situation. To me, it simply appears that you and your spouse have different comfort levels on how ...
by bligh
Tue Feb 23, 2021 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Best decision(s) in your financial life
Replies: 167
Views: 13380

Re: Best decision(s) in your financial life

For me it was deciding to buy 21 bitcoin back when it was ~$640 each. :sharebeer

It's just that my worst decision undid it all.... I decided to sell off all my bitcoin when it fell to ~$480 each. :oops:
by bligh
Wed Feb 17, 2021 3:52 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4570
Views: 230255

Re: [GameStop GME trading mega-thread]

... But yes, if I were him, I'd make sure I could gain some semblance of anonymity right now. With 6 million /wsb subscribers the chances that one (or more like dozens) of them feel like DFV somehow owes them something, or scammed them or abandonned/betrayed them approaches certainty. Here come the...
by bligh
Tue Feb 09, 2021 6:17 pm
Forum: Personal Investments
Topic: Are Bogleheads still investing at Vanguard?
Replies: 132
Views: 11636

Re: Are Bogleheads still investing at Vanguard?

The vast majority of my assets are at vanguard. I also work with other brokerages though.
by bligh
Tue Feb 09, 2021 5:54 pm
Forum: Investing - Theory, News & General
Topic: Seeing Signs of Market Top?
Replies: 73
Views: 4729

Re: Seeing Signs of Market Top?

I agree. However it isn't something I would ever act on. The frothiness could end tomorrow, or it could continue for years.
by bligh
Mon Feb 08, 2021 6:28 pm
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 450
Views: 29242

Re: The Power of Working Longer

I don't think afan is in the minority, nor the one who is deliberately misreading here. You're free to explain to me why you think that "your job isn't physically chipping away at your lifespan" has any meaningful relevance to the substance of the claim that employment and involuntary con...
by bligh
Mon Feb 08, 2021 6:18 pm
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 450
Views: 29242

Re: The Power of Working Longer

[ Think of an extreme example of this to see the point being made, if someone were to force you into solitary confinement for 5 years in a jail cell, would you then come out and say "I was alive those 5 years, I didn't lose anything at all", or would you be more likely to say "I just...
by bligh
Mon Feb 08, 2021 4:15 pm
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 450
Views: 29242

Re: The Power of Working Longer

.... But the big advantages remain: the longer you work, the later you begin to draw on those savings. The shorter your retirement, the shorter the time your savings need to last. And the less time you have left to enjoy those savings. What dollar price does one put on a year of one's life? Not fol...
by bligh
Mon Feb 08, 2021 3:46 pm
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 450
Views: 29242

Re: The Power of Working Longer

Keynes famously predicted we could be working 15 hour work weeks. I think we are seeing a variation of that. Instead of working 15 hour work weeks for 45 years careers, people are instead working 40+ hour work weeks for 30 year careers. Setting that aside, Keynes could have been right if more peopl...
by bligh
Mon Feb 08, 2021 3:11 pm
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 450
Views: 29242

Re: The Power of Working Longer

I think what the FIRE crowd are looking for is a state akin to how the gentry used to live. They had the leeway to write novels, or take a few legal cases, or race horses, or travel, or play in politics, or whatever pursuit interested them without having to worry about their sustenance. I doubt the...
by bligh
Sun Feb 07, 2021 7:34 pm
Forum: Personal Consumer Issues
Topic: Sierra trip - RWD with chains or AWD
Replies: 22
Views: 1514

Re: Sierra trip - RWD with chains or AWD

I would get chains for my AWD car and take that over the 2 WD one.

Having said that I did manage okay in 2WD with chains the few times I have had to drive through snow and ice
by bligh
Fri Feb 05, 2021 1:26 pm
Forum: Personal Investments
Topic: Would love feedback- burned out at work
Replies: 50
Views: 6043

Re: Would love feedback- burned out at work

Would appreciate any feedback/life lesson/experience/what you would do in this situation. I had similar life circumstances (significantly smaller wealth numbers, younger age, and I liked my boss and co-workers, but was bored at work). I will tell you what I did. We live in a VHCOL area and thinking...
by bligh
Thu Feb 04, 2021 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: SWR at age 40 [Safe Withdrawal Rate]
Replies: 95
Views: 6934

Re: SWR at age 40 [Safe Withdrawal Rate]

You want to read the early retirement now series: https://earlyretirementnow.com/2016/12/07/the-ultimate-guide-to-safe-withdrawal-rates-part-1-intro/ Essentially, when retiring that young you want to shoot for what is called a "perpetual withdrawal rate". These are withdrawal rates that co...
by bligh
Wed Feb 03, 2021 2:12 pm
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 450
Views: 29242

Re: The Power of Working Longer

IMO most posters are missing the point of the paper. The paper isn't saying don't save much per year and more than make up for that low saving rate by planning on working a long time. Instead, the paper is answering the following question. As you get very near to your retirement date, is it worthwh...
by bligh
Wed Feb 03, 2021 1:09 pm
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 450
Views: 29242

Re: The Power of Working Longer

Well Yes! Yes! Working longer means you need to save less. You should also read this classic paper: "The Power of never retiring" - Bligh If you work till your last day on this earth you can do away with saving for retirement altogether, thereby maintaining a much higher standard of living...
by bligh
Tue Feb 02, 2021 7:52 pm
Forum: Personal Investments
Topic: Your mental "tricks" to avoid doing dumb things?
Replies: 73
Views: 5288

Re: Your mental "tricks" to avoid doing dumb things?

Over time I have identified my triggers for wanting to do dumb things... 1. Big market drop - "If I sell now I can buy back in later!" 2. Crazy market stuff (like GME) - "I should take a % of my money and get in this!" 3. Seeing posts on here about folks with 7 figure accounts -...
by bligh
Tue Feb 02, 2021 6:33 pm
Forum: Personal Investments
Topic: Did I win the game? What shall I do with this money?
Replies: 58
Views: 6374

Re: Did I win the game? What shall I do with this money?

I'm being sarcastic of course :D BUT DO I REALLY NEED TO KEEP SAVING??? I want to buy a boat. Background Married 42 years old 100% Retired Military $0 Health Insurance for life $0 Property tax in Florida Debt $164,000 @ 3.25% 6 years left on 15year mortgage Income $180,000 both his and her salary c...
by bligh
Tue Feb 02, 2021 6:27 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4570
Views: 230255

Re: [GameStop GME trading mega-thread]

Dude lost $13.6M today. https://preview.redd.it/rr9n7obwq4f61.png?width=640&crop=smart&auto=webp&s=b4f19e9156e8dad31b94e7f6a5c34daf51a5a297 He should tax-loss harvest :twisted: That would be one heck of a wash sale thread. I'm thinking red-green color deficiency might not be enough to m...
by bligh
Tue Feb 02, 2021 1:39 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4570
Views: 230255

Re: [GameStop GME trading mega-thread]

Boglehead reporting in after going against my convictions to ride the rocket to moon I bought at 110 last week and watched it balloon to 435 and held diamond hands in hopes of the infinity squeeze. I just sold at 100 for 1k loss. I'm am a retard. I immediately put it into VT. My price to pay to rei...
by bligh
Tue Feb 02, 2021 1:05 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4570
Views: 230255

Re: [GameStop GME trading mega-thread]

The problem IMHO is that GME DID go to the moon. The 52 week high of the stock is almost 200x its 52 week low. Millions were indeed made on this trade. The problem is that no one really knows what was meant by "the moon". The people jumping in after the stock had already risen 100x are bou...
by bligh
Mon Feb 01, 2021 4:40 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4570
Views: 230255

Re: [GameStop GME trading mega-thread]

DFV is still in. He just posted his position screenshot on WSB. I wouldn't be surprised if DFV stays in. He has already made $13.8 million from the trade he has taken out as cash. My guess is that he acknowledges it for the once in a lifetime trade it was. It has been nothing but gravy for him for ...
by bligh
Mon Feb 01, 2021 3:56 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4570
Views: 230255

Re: [GameStop GME trading mega-thread]

I'm not sure any more shorts will cover at this point. There's not much to stop you from holding for a few months, is there? Exactly, if I was them, I would hold on my short covering right now instead of locking in my losses. I'd bet that everyone who was going to buy in at this point already has b...
by bligh
Mon Feb 01, 2021 3:52 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4570
Views: 230255

Re: [GameStop GME trading mega-thread]

Is this where GME slowly bleeds to death and everybody holds till the bitter end? I have been expecting a violent plummet to earth triggered by retail panic sellers once they find out the shorts have covered - after a delivery delay on that information, but maybe it really will be a slow and painfu...
by bligh
Fri Jan 29, 2021 2:12 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4570
Views: 230255

Re: [GameStop GME trading mega-thread]

Yes he goes by /DVF (DeepValueF**k) (can't say the real word it's badly). He's the day trader that caught the 140% short. Watch any of his youtube video's (he's Roaring Kitty on YT) and you will understand how he's not a /wsb boi but a instigator. "Instigator" is a pretty funny word choic...
by bligh
Thu Jan 28, 2021 6:48 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4570
Views: 230255

Re: [GameStop GME trading mega-thread]

I hope we won't see a thread pop up asking: "What to do with 47.9 million after I sold all GME?" https://i.redd.it/a309gkm5yxd61.png This was yesterday. Today, he lost 17mil but didn't blink. I hope he isn't married. 'Honey, we had a rough day.' :oops: He has already cashed out $13.8 mill...
by bligh
Thu Jan 28, 2021 6:27 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4570
Views: 230255

Re: [GameStop GME trading mega-thread]

Well think about it. The brokers want the short squeeze to stop.. The brokers are the ones who LENT the shares (held in the accounts of their account holders with long positions) to the hedge funds. What happens if the hedge funds go belly up and are unable to cover their short position? The accoun...
by bligh
Thu Jan 28, 2021 6:24 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4570
Views: 230255

Re: [GameStop GME trading mega-thread]

The New York State Attorney General just announced on Twitter that her "office is actively reviewing concerns about activity on the @RobinhoodApp, including trading relating to @GameStop stock." We'll see what happens. Wall Street pays a lot in taxes and has been there a long time. Yes, b...
by bligh
Thu Jan 28, 2021 4:27 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4570
Views: 230255

Re: [GameStop GME trading mega-thread]

Well think about it. The brokers want the short squeeze to stop.. The brokers are the ones who LENT the shares (held in the accounts of their account holders with long positions) to the hedge funds. What happens if the hedge funds go belly up and are unable to cover their short position? The account...
by bligh
Wed Jan 27, 2021 8:09 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4570
Views: 230255

Re: GameStop GME: anyone joining?

When I think BHs discussing WSB, I think of the Joker meme where he's saying, "You wouldn't get it..." WSBs is a fun site, though it'll be interesting to watch them go thru a true bear market. Not so much fun now. The sub is now private and Discord kicked it off the site. Nope it is back....
by bligh
Wed Jan 27, 2021 8:03 pm
Forum: Personal Investments
Topic: Todays Market..
Replies: 59
Views: 6861

Re: Todays Market..

Nope. Not because I don't want to, but because I dont keep dry powder. I stay invested.

I will invest new money when I get new money to invest.
by bligh
Wed Jan 27, 2021 8:01 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4570
Views: 230255

Re: GameStop GME: anyone joining?

/r/wallstreetbets forum back up!
by bligh
Wed Jan 27, 2021 6:53 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4570
Views: 230255

Re: GameStop GME: anyone joining?

Watch out! They could end up coming here to bogleheads :D
by bligh
Wed Jan 27, 2021 2:27 pm
Forum: Investing - Theory, News & General
Topic: Is the craziness going on the markets indicating that traditional valuation methods may be obsolete given new dynamics?
Replies: 26
Views: 1906

Re: Is the craziness going on the markets indicating that traditional valuation methods may be obsolete given new dynami

You are thinking about his wrong. Think of WallStreetBets as a massive hedge fund that is creating a short squeeze on another group of hedge funds. These types of plays have always happened. It is just that this is the first time that this is happening openly and in public via a community. Think of ...
by bligh
Tue Jan 26, 2021 8:39 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4570
Views: 230255

Re: GameStop GME: anyone joining?

My prediction is that DFV will be hauled in and interviewed if not charged. Rich people who think they run things don't like to lose money, and they really hate it when a mere multi-millionaire makes a fool of them. Charged with what, though? First you make the laws extremely dense and convoluted s...
by bligh
Sun Jan 24, 2021 1:26 pm
Forum: Personal Investments
Topic: Any boring investors left?
Replies: 223
Views: 13565

Re: Any boring investors left?

I too check all the boxes.

Boring as can be.
by bligh
Thu Jan 21, 2021 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Millionaire kids: Do your parents know you’re rich?
Replies: 54
Views: 5035

Re: Millionaire kids: Do your parents know you’re rich?

My and my spouses parents know we do well that is about it. We get curious questions from them and we answer them vaguely. The times I have gotten more specific than that, I have only regretted it. No one besides my spouse knows how much we have, and no one outside her and my accountant knows how mu...
by bligh
Thu Jan 21, 2021 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: What Causes Burnout at Work?
Replies: 124
Views: 10153

Re: What Causes Burnout at Work?

Some of us have to ensure the survival of the species :wink: JK, but not really. I don't think it's fair to ask those without children to work every holiday and stay late while parents leave early. However, society as a whole bears the responsibility to support the next generation of humans into ad...
by bligh
Wed Jan 20, 2021 4:50 pm
Forum: Investing - Theory, News & General
Topic: Signs of Bubble logic - greed overcoming fear
Replies: 212
Views: 19108

Re: Signs of Bubble logic - greed overcoming fear

I have posted it a couple of times on here. For me it was knowing several people I know who have taken up options trading in the last 6 months, some of whom are now doing it full time. These are not minimum wage workers either.. I am talking about highly skilled and educated and respected six figure...
by bligh
Wed Jan 20, 2021 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: What Causes Burnout at Work?
Replies: 124
Views: 10153

Re: What Causes Burnout at Work?

I occurred to me that personality might be an issue. I often hear that 'burnout' people want to lead their own lives on their own terms, as somehow their careers are not. Perhaps in this I am different. My career is my life. No kids, no long-term relationships... and I don't plan on them, especiall...
by bligh
Tue Jan 19, 2021 12:53 pm
Forum: Personal Investments
Topic: Anyone buying EE bonds?
Replies: 49
Views: 4601

Re: Anyone buying EE bonds?

My wife and I usually invest in a 5 year CD each year using the best available rate we can find online. This year however we are considering EE bonds. CD rates are just so low and the EE bonds guarantee the 3.5% return over a 20 year span. My main concern is will these bonds be able to keep up with...
by bligh
Tue Jan 19, 2021 12:41 pm
Forum: Investing - Theory, News & General
Topic: Investing in a Bubble
Replies: 46
Views: 4845

Re: Investing in a Bubble

"With a stock market that has been growing unhindered since the aftermath of the global financial crisis" Wait this bull market has only been going for like 6 months or something right? Didn't we drop 30% in March of last year? Why are we considering this a continued bull market since the ...
by bligh
Fri Jan 15, 2021 4:57 pm
Forum: Investing - Theory, News & General
Topic: Looking for stats: Average/Median age when $1M networth (household) is attained?
Replies: 63
Views: 7876

Re: Looking for stats: Average/Median age when $1M networth (household) is attained?

Reminds me of the stat that only about 1/3 of households living in a home that costs 1 mil or more actually have a net worth of 1 mil or more. Where is that stat from? I find it hard to believe. Do you mean 1 mil in liquid networth, or net worth over all? Not saying it isn't accurate, but seems lik...
by bligh
Thu Jan 14, 2021 12:22 pm
Forum: Investing - Theory, News & General
Topic: ex-US Stocks Continue to Soar!
Replies: 151
Views: 14674

Re: ex-US Stocks Continue to Soar!

Has it just been me or have the exUS funds been having bigger up days than the US funds.

Nice to finally see that part of my portfolio do a bit of the heavy lifting. They still have a long way to go before they catch up though.

:sharebeer
by bligh
Tue Jan 12, 2021 2:18 pm
Forum: Investing - Theory, News & General
Topic: 2020 was a great year for individual stock pickers
Replies: 63
Views: 4882

Re: 2020 was a great year for individual stock pickers

I see so many similarities between today and the dotcom bubble. The day trading. I personally have 4 people in my immediate friends circle that have taken up day trading, three of them do it full time now. The stories in the press on newly minted bubble stock millionaires. The complete disregard fo...
by bligh
Tue Jan 12, 2021 1:08 pm
Forum: Investing - Theory, News & General
Topic: 2020 was a great year for individual stock pickers
Replies: 63
Views: 4882

Re: 2020 was a great year for individual stock pickers

I see so many similarities between today and the dotcom bubble. The day trading. I personally have 4 people in my immediate friends circle that have taken up day trading, three of them do it full time now. The stories in the press on newly minted bubble stock millionaires. The complete disregard fo...
by bligh
Tue Jan 12, 2021 12:10 pm
Forum: Investing - Theory, News & General
Topic: 2020 was a great year for individual stock pickers
Replies: 63
Views: 4882

Re: 2020 was a great year for individual stock pickers

I see so many similarities between today and the dotcom bubble. The day trading. I personally have 4 people in my immediate friends circle that have taken up day trading, three of them do it full time now. The stories in the press on newly minted bubble stock millionaires. The complete disregard for...
by bligh
Wed Jan 06, 2021 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: How do lottery winners >$50M pick a CPA/attorney/financial planner?
Replies: 34
Views: 3203

Re: How do lottery winners >$50M pick a CPA/attorney/financial planner?

Do you know anyone (or does anyone you know and trust know anyone) who is very wealthy. For example, in my case, I know a couple of people I have worked for who have a net worth in the 9 to 10 figures. I would likely approach them and explain the situation, ask them for advice and ask to be introduc...
by bligh
Mon Jan 04, 2021 9:56 pm
Forum: Personal Investments
Topic: Can I create generational wealth?
Replies: 193
Views: 19427

Re: Can I create generational wealth?

1) I think you might be being a bit optimistic assuming 6% real returns over 100 to 125 years. 2) You aren't taking tax drag into account - on your dividend income and on inheritances. You might be able to avoid that via trusts (no idea about these), but you will likely pay a premium on the manageme...
by bligh
Mon Jan 04, 2021 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: How IRS keeps track of my 401k and IRA investments?
Replies: 36
Views: 3260

Re: How IRS keeps track of my 401k and IRA investments?

Can I ask a related question? Why does one need to be concerned about our old 401k/403b/IRA (deductible)/Deferred Compensation Program records? When I withdraw funds either as a withdrawal, Roth Conversion or RMD, I am paying income tax on the full amount of the withdrawal/distribution. Since the o...