Search found 3867 matches

by heyyou
Thu Apr 15, 2021 10:57 am
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 286
Views: 20913

Re: For those retired or FI, how much do you spend annually?

TLDR When our future pension and portfolio income equaled our current spending, we retired. Our current spending was calculated by subtracting our annual savings from our entire current income, knowing the remainder was spent somewhere. Our retirement spending amount was chosen to be a slowing incre...
by heyyou
Thu Apr 15, 2021 10:08 am
Forum: Personal Investments
Topic: thinking about adding some REIT
Replies: 104
Views: 5740

Re: thinking about adding some REIT

The rise of Amazon and similar will siphon some money from malls. No, it is not the end of malls but their future is not as bright as previously for that portion of REITs--maybe already priced into current values. My opinion is that suggesting REIT exposure for retirement income was very good advice...
by heyyou
Tue Apr 13, 2021 9:10 pm
Forum: Investing - Theory, News & General
Topic: Another 2.8% SWR Article Quoting Wade Pfau
Replies: 252
Views: 13969

Re: Another 2.8% SWR Article Quoting Wade Pfau

The strawman in the presentation is the concept of setting a fixed spending amount on retirement day, then never deviating from that real amount, until portfolio depletion. As if someone would try to spend for 30 years without ever again looking at remaining portfolio value! 4% of retirement day ass...
by heyyou
Thu Apr 08, 2021 1:27 pm
Forum: Personal Consumer Issues
Topic: New or Used: car purchase
Replies: 17
Views: 1278

Re: New or Used: car purchase

Consumer Reports magazine is not infallible but is a steady source of comparative vehicle info. Comfort is very personal, and reliability can change over time for any given model, so current production may not match the historical attributes for every car. Sounds like she should be choosing the vehi...
by heyyou
Thu Apr 08, 2021 1:50 am
Forum: Personal Consumer Issues
Topic: Shoe Choice for a Walker
Replies: 33
Views: 2695

Re: Shoe Choice for a Walker

I use Red Wing shoes made for those who stand on hard floors all day.
by heyyou
Thu Apr 08, 2021 1:32 am
Forum: Personal Consumer Issues
Topic: What EV to buy for 20k-25k?
Replies: 63
Views: 5506

Re: What EV to buy for 20k-25k?

Consumer Reports magazine often has reviews of cars based on price and reliability.
by heyyou
Mon Apr 05, 2021 6:46 pm
Forum: Investing - Theory, News & General
Topic: Incredible stock market gains the past year - probably due for a major pullback
Replies: 89
Views: 10826

Re: Incredible stock market gains the past year - probably due for a major pullback

Don't know and don't care.
It will fluctuate.

Bought my first stock index shares in 1980 in that new 401k thingy at work. Seems okay, so far.
Retired at age 55, thanks to Jack Bogle.
by heyyou
Sat Apr 03, 2021 7:24 pm
Forum: Personal Investments
Topic: What Are You Doing Given Record Stock Market Highs and What Is Your Situation?
Replies: 120
Views: 12716

Re: What Are You Doing Given Record Stock Market Highs and What Is Your Situation?

Record Stock Market Highs I don't know and I don't care. I view stock market fluctuations as being similar to respiration--in and out with minute pauses between the events. The record high will be followed by a crash, then a slow eventual rise to a new high. I've been in index funds since 1980, so ...
by heyyou
Fri Mar 26, 2021 6:19 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffet 90/10 portfolio (why S&P 500?)
Replies: 18
Views: 2016

Re: Warren Buffet 90/10 portfolio (why S&P 500?)

@Larry Lizzard, the OP: Buffet's 90/10 is from his will, as instructions for his widow's allocation which will be administered by a trustee. She will inherit only his personal cash (several tens of millions of dollars) since he is donating all of his shares of his Berkshire stock, to the Gates Found...
by heyyou
Thu Mar 25, 2021 12:41 pm
Forum: Personal Consumer Issues
Topic: What is the BEST thing you spent money on?
Replies: 242
Views: 24015

Re: What is the BEST thing you spent money on?

My first knapsack helped me to walk further into the backcountry, beyond where the two-track dirt roads ended. Buying known-to-be reliable, used vehicles helped me to retire earlier. In retirement, ultralight backpacking gear and using a hammock when camping, extended my years of comfortable backpac...
by heyyou
Thu Mar 25, 2021 10:22 am
Forum: Personal Consumer Issues
Topic: House inspection report
Replies: 22
Views: 2376

Re: House inspection report

Casually ask for written replies from all parties to see if any of their answers change. With the same friendly tone, ask them to each sign those replies, then you date them with the time noted. My small town home inspector, likely unlicensed in 1983, was an unemployed construction worker who soon b...
by heyyou
Thu Mar 25, 2021 12:33 am
Forum: Investing - Theory, News & General
Topic: 4% rule disputed (Again??!!)
Replies: 421
Views: 29783

Re: 4% rule disputed (Again??!!)

Bengen's research was far better than that of his predecessors in the early 1990s, and his 25 multiples of current spending for a 30 year retirement is still a good estimate. His suggestion of spending a fixed inflation-adjusted amount for the next 30 years, based on only the retirement day asset le...
by heyyou
Tue Mar 23, 2021 6:26 pm
Forum: Personal Investments
Topic: Interesting retirement strategy
Replies: 45
Views: 5533

Re: Interesting retirement strategy

OP, avoid giving advice because you will then be considered responsible for whatever does happen in the future. Send him here to ask his own questions.
Like the rest of us here, he will learn to do better or not.
by heyyou
Fri Mar 12, 2021 2:09 am
Forum: Investing - Theory, News & General
Topic: Large Growth’s Outperformance Over Small Value
Replies: 24
Views: 2046

Re: Large Growth’s Outperformance Over Small Value

Some of us thought the Callan Periodic Table was allocation advice so we own equal slices of those stock segments, hoping that whatever is recently doing well will distract us from selling off whatever is not doing well.
by heyyou
Thu Mar 04, 2021 9:10 am
Forum: Personal Investments
Topic: How long would you back a losing horse, to Stay The Course?
Replies: 167
Views: 11369

Re: How long would you back a losing horse, to Stay The Course?

I own some SCV. I am tilting away from the overgrown mega-caps that are leading the growth of the total market funds. Since the 2000 Crash, I do not trust the hyper-growth of the most popular stocks as being investments, as opposed to speculation by the performance chasers. I am often wrong in my pe...
by heyyou
Sun Feb 28, 2021 9:14 pm
Forum: Personal Consumer Issues
Topic: 6 days in Flagstaff in the end of March
Replies: 18
Views: 1820

Re: 6 days in Flagstaff in the end of March

Expect to adapt your plans to whatever weather you encounter. Often the weather is about a week-long cycle from one storm to the next, with 4-5 clear days in between. The route from Flagstaff north towards the Grand Canyon is quite high altitude, while the Flagstaff-west to Williams-then north to GC...
by heyyou
Sun Feb 28, 2021 7:23 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on 5% SWR
Replies: 205
Views: 13187

Re: Thoughts on 5% SWR

SWR is the problem, as it implies that the new retiree will continue to spend the same inflation adjusted amount for every year of the future, without ever adjusting the spending to the remaining portfolio value. That is not a reasonable assumption. Yes, it is a planning tool but not a spending meth...
by heyyou
Wed Feb 24, 2021 12:38 am
Forum: Personal Finance (Not Investing)
Topic: Best decision(s) in your financial life
Replies: 167
Views: 13378

Re: Best decision(s) in your financial life

Different decades had good decisions. After being laid off for six weeks within the first year of buying my first house, I had a two digit amount of money left when I received my next paycheck. I said "never again" and become a diligent saver before age 30. Saved most of each COL pay incre...
by heyyou
Mon Feb 22, 2021 9:51 pm
Forum: Personal Consumer Issues
Topic: Where would you live in Phoenix if you could WFH
Replies: 125
Views: 8292

Re: Where would you live in Phoenix if you could WFH

Rent first, to do your own research, expecting to drive around to look at different neighborhoods on weekends when there is hopefully less traffic, so you can see more areas per trip.
by heyyou
Mon Feb 22, 2021 9:35 pm
Forum: Personal Consumer Issues
Topic: Feeding Birds:
Replies: 27
Views: 1802

Re: Feeding Birds:

Consider putting the feeder (on a post) outside of your yard, nearer the drainage to let the roaming nocturnal predators have better access to the rodents.
by heyyou
Sun Feb 21, 2021 2:57 pm
Forum: Investing - Theory, News & General
Topic: Delaying Social Security
Replies: 88
Views: 6453

Re: Delaying Social Security

Working part time at a low paying job would also buffer your portfolio withdrawals in your first years of retirement, while you are delaying SS.
by heyyou
Sun Feb 21, 2021 2:40 pm
Forum: Investing - Theory, News & General
Topic: Is there a website that tracks equity drawdown and probability of that occurring from past history in real time?
Replies: 3
Views: 243

Re: Is there a website that tracks equity drawdown and probability of that occurring from past history in real time?

The randomness of future returns might bite your portfolio when the recovery that fits history, does not reoccur as expected. No doubt that some hedge fund has researched your proposal, and has not become a household name due to not being overly successful with the strategy.
by heyyou
Sat Feb 20, 2021 10:57 pm
Forum: Personal Investments
Topic: Why do I never see a 50/50 split on this site or other sites?
Replies: 45
Views: 4276

Re: Why do I never see a 50/50 split on this site or other sites?

As a retiree with SS and a similar sized pension, 10 years of spending in bonds before having to spend from equity, is hopefully about right for me, thus my 60/40. That is a datum, sample size of one.
by heyyou
Fri Feb 19, 2021 5:05 pm
Forum: Personal Investments
Topic: Should I sell my investment property to go into index funds?
Replies: 36
Views: 3899

Re: Should I sell my investment property to go into index funds?

Whichever one you choose, the other will perform better in the immediate future. We get rewarded, but only after we have taken our punishment.
by heyyou
Sun Feb 07, 2021 3:59 am
Forum: Investing - Theory, News & General
Topic: Retirees: How typical am I?
Replies: 82
Views: 7303

Re: Retirees: How typical am I?

I pay attention to my spending rate so I can spend to the upper limit annually. We would not have taken all those winter trips to Hawaii without knowing that we could afford to do them. We live conservatively day to day, then splurge when we can afford to. One of the criticisms of Bengen's 4% method...
by heyyou
Sat Feb 06, 2021 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: How do you plan for retirement if all the sims are wrong?
Replies: 123
Views: 8015

Re: How do you plan for retirement if all the sims are wrong?

Expecting to adapt spending as retirement proceeds, is a good solution to our unknown futures. Living within your means just continues into your retirement, and you already have 30 years of experience at supporting yourself, so just keep going with what has worked so far. There is no certainty but t...
by heyyou
Wed Feb 03, 2021 11:32 pm
Forum: Personal Consumer Issues
Topic: Backpacking gear recommendations - backpack, shoes, sleeping bag
Replies: 100
Views: 5437

Re: Backpacking gear recommendations - backpack, shoes, sleeping bag

If you have some idea of what you want, at Backpackinglight.com website's Gear Swap, you can buy used gear and if it does not suit you, re-sell it at near the same price. Yes, you will be out the shipping costs and some loss if the season has changed. I bought summer gear there in the dead of winter...
by heyyou
Mon Feb 01, 2021 4:32 pm
Forum: Investing - Theory, News & General
Topic: Hitting your number and SRR
Replies: 34
Views: 3452

Re: Hitting your number and SRR

Adapt or perish. Our desire for absolute future certainty is the problem. 1) Choose a spending amount that is based on each recent annual portfolio value. 2) Continue to live within your means, expecting that your income may vary slightly over time. 3) Know that previous market fluctuations are bui...
by heyyou
Mon Feb 01, 2021 2:29 pm
Forum: Personal Consumer Issues
Topic: Trips from Scottsdale in April
Replies: 29
Views: 1942

Re: Trips from Scottsdale in April

The butterfly place is great for "kids of all ages." Dress warm for the Grand Canyon and go when the weather is clear. Your kids are the right ages for the junior ranger program there but it will take more time for them to hear several programs to get the recognition. Maybe research that b...
by heyyou
Sun Jan 31, 2021 1:44 am
Forum: Investing - Theory, News & General
Topic: We are NOT in a bubble
Replies: 165
Views: 21575

Re: We are NOT in a bubble

I know that I don't know, and that I don't care. There is no-COLA pension, delayed-to-70 SS, plus 10 years of 4% spending in a 60/40 portfolio and I will only spend 4% of recent portfolio value when I am spending from its bond side. That is adapting my spending to current portfolio value, when the w...
by heyyou
Sun Jan 31, 2021 1:00 am
Forum: Personal Investments
Topic: What type of advisor am I looking for?
Replies: 8
Views: 692

Re: What type of advisor am I looking for?

by jsiulinski » Sat Jan 30, 2021 7:40 pm
Sounds like you need a financial planner (not investment advisor), who charges a flat fee for plan review/advice.
We have a winner, that is it.
by heyyou
Sun Jan 31, 2021 12:50 am
Forum: Personal Investments
Topic: Switching from s&p/extended to FZROX
Replies: 9
Views: 747

Re: Switching from s&p/extended to FZROX

More simplicity is better.
Your tinkering to adjust to market variations is unnecessary in the lower cost, all-encompassing fund. That is one of its attractions.
by heyyou
Sun Jan 31, 2021 12:39 am
Forum: Investing - Theory, News & General
Topic: "Retirees--Are You Spending Too Much?"
Replies: 46
Views: 5889

Re: "Retirees--Are You Spending Too Much?"

The answer to "Too Much?" is to spend relative to remaining portfolio value across the retirement years, not on a base of only the retirement day asset amount. I salute Bengen's originality, he was far better than all who preceded him. However, retirement spending research has continued pa...
by heyyou
Sat Jan 30, 2021 10:09 pm
Forum: Personal Consumer Issues
Topic: Electric Vehicle Tipping Point
Replies: 94
Views: 4519

Re: Electric Vehicle Tipping Point

Work locations will have charging stations, but fewer urban workers will still be going daily to an office.
Expect to see charging stations in most parking garages, to enhance their fading revenues.
The world is full of ICE trucks and they will continue to dominate in many places, longer than here.
by heyyou
Sat Jan 30, 2021 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Saving for retirement
Replies: 9
Views: 1319

Re: Saving for retirement

Roth conversions are not familiar but they will be straightforward after you have studied them. There is a five year rule about having a Roth IRA open before the conversions begin, so start your initial one sooner than later. Note how the Roth does not have to be max funded for the 5 year time clock...
by heyyou
Sat Jan 30, 2021 1:19 am
Forum: Investing - Theory, News & General
Topic: Spot the point where Tesla joined the S&P 500
Replies: 19
Views: 2615

Re: Spot the point where Tesla joined the S&P 500

Who knows? Who cares? The media need disturbing headlines in order to profit from having the attention of readers, thus the steady introduction of the threat that something special may happen, and soon!!! I should apologize for my cynicism, but it seems that I have also indexed my news consumption. ...
by heyyou
Sat Jan 30, 2021 1:18 am
Forum: Personal Investments
Topic: Avoiding market timing is HARD
Replies: 58
Views: 4587

Re: Avoiding market timing is HARD

OP, can you see how greed is affecting your view? We all have greed, and taming it is a significant part of accepting indexing as our chosen investing method. Bogleheads.org is the equivalent of a 12 step program for those who want more, and want it quicker, than what broad market indexing will deli...
by heyyou
Sun Jan 24, 2021 11:47 pm
Forum: Personal Consumer Issues
Topic: Should we afford a new Toyota Sequoia?
Replies: 90
Views: 5728

Re: Should we afford a new Toyota Sequoia?

Have you looked for used ones that are fairly new in this sadly shrinking economy?
Maybe from someone who just wants out from under the payments, or is that too time consuming for your work and family?
by heyyou
Sun Jan 24, 2021 11:38 pm
Forum: Personal Consumer Issues
Topic: What advisors do you have in your life?
Replies: 20
Views: 1764

Re: What advisors do you have in your life?

I have a low cost, flat rate (cheaper than VG's advisory % fee on my portfolio size) financial advisor since retiring 15 years ago, continuously the same CFP at that firm, and the firm does not ever boost the annual fee from its initial price. She did the calculations for the amounts of my dozen+ an...
by heyyou
Sun Jan 24, 2021 10:29 pm
Forum: Personal Investments
Topic: Any boring investors left?
Replies: 223
Views: 13520

Re: Any boring investors left?

I've always been boring, including my all index fund portfolio, but it has a slice and dice of the cap-sized stock index funds. (riff of bass and snare drums then cymbals)
by heyyou
Sun Jan 24, 2021 4:41 am
Forum: Personal Consumer Issues
Topic: Purchasing my first smartwatch or fitness tracker
Replies: 27
Views: 2043

Re: Purchasing my first smartwatch or fitness tracker

Consumer Reports magazine has reviewed fitness trackers and maybe had some followup info, in the last year or two. It is common for CR to ask for additional info about their reviewed products from readers, when the initial review is first published. A library will have free access to C.R. magazines....
by heyyou
Fri Jan 22, 2021 1:24 am
Forum: Investing - Theory, News & General
Topic: How is Berkshire Hathaway stock NOT a better investment than the index?
Replies: 68
Views: 13736

Re: How is Berkshire Hathaway stock NOT a better investment than the index?

My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard’s.) Warren's current wife will only inherit his personal cash holdings of an eight digit amount, since his Berkshire shares ar...
by heyyou
Thu Jan 21, 2021 11:55 pm
Forum: Personal Finance (Not Investing)
Topic: Who or what has helped the most in your financial journey?
Replies: 121
Views: 7389

Re: Who or what has helped the most in your financial journey?

My most help was from my initial full-time employer where I was steadily admonished to work faster. Soon after acquiring my first mortgage, I was laid off for six weeks due to a minor safety problem when I was trying to work even faster. I had a two digit amount of money left when I got my next payc...
by heyyou
Wed Jan 20, 2021 2:16 pm
Forum: Investing - Theory, News & General
Topic: Sequence Risk: is it really a big deal?
Replies: 125
Views: 16573

Re: Sequence Risk: is it really a big deal?

This was slowly written while all of the graphs were being posted. SORR has a small chance of portfolio failure before 30 years, for a few very specific years of retirees starting retirement just before a long early period of high inflation (which had not finished occurring when Bengen was doing his...
by heyyou
Sat Jan 16, 2021 11:45 am
Forum: Personal Investments
Topic: Fighting Fomo
Replies: 92
Views: 9735

Re: Fighting Fomo

The 2000 Crash, with Tech stocks at its epicenter, was deep enough cure my FOMO.
Now just feels like Yogi Berra's "Deja vu all over again" remark.
by heyyou
Fri Jan 15, 2021 10:29 pm
Forum: Investing - Theory, News & General
Topic: The Most Concentrated Market in 40 Years
Replies: 75
Views: 8097

Re: The Most Concentrated Market in 40 Years

The top heaviness is obvious to all, same as prior to the 2000 Crash. What will out-perform next, does not matter to me. The future will likely give me a chance to spend some of my bond index fund holdings for retirement income, while waiting for my index stock funds to recover. I've seen it before,...
by heyyou
Fri Jan 15, 2021 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Should I walk away from nice pension? Is it worth it?
Replies: 48
Views: 6643

Re: Should I walk away from nice pension? Is it worth it?

by simplesimon » Fri Jan 15, 2021 7:49 pm It may help to provide more numbers to better quantify the trade-off. I went to immediateannuities.com to price a SPIA for a 52-year old that pays $4,700/month (assuming you make $75k/year when you retire x 75%). It would cost $1.3 million. Throw that figur...
by heyyou
Fri Jan 15, 2021 9:41 pm
Forum: Investing - Theory, News & General
Topic: On what are you most bullish?
Replies: 266
Views: 18299

Re: On what are you most bullish?

Most? Bullish? I know that I don't know, and I don't much care. I'm a passive...passive investor. Not my "yob" to forecast the future, so I expect to just muddle through it by living within my means. So far (age 70), that has been okay. Note the long stretch between "okay" and si...