Bogleheads.org

JackoC

But that said, it is not mentally healthy for people who have $20 Million in assets to compare themselves with the 614 people in the US who in 2020 were reported to have $1 Billion dollars or more. Nor is it healthy for people with $5 Million dollars to dismiss $20 Million as "not all that muc...

JackoC

We have a 2005 GX470 we bought new. If we get a similar vehicle to replace it, it would probably be a few year old GX460. It's a boring vehicle and yes bad mileage but both things were known upfront. For what it is, it's really gotten the job done. Since our car is quite old (though still only 95k m...

JackoC

I haven't read every message here, so forgive me if this has been stated. I'm a bit surprised that Bogleheads would consider Medicare Advantage except in very specific circumstances. First off, anything that advertises giving people additional services for free is obviously nonsense. How do you thi...

JackoC

Why is China an emerging market? Worlds second largest economy (#1 if measured in PPP). Seems kinda silly to me. Because its equity markets are not mature. And in general EM v DM has nothing directly to do with total economy size, otherwise various big (obviously) EM countries would be DM, and vari...

JackoC

I think if we ever do this, as retirees with no business in NJ and high income in normal terms but not remotely Tepper terms, we might sell our NJ home (only home now) to make things simpler, and perhaps also take up <184 day 'non-residence' in NY (either the City a mile away from where we live now...

JackoC

Why shouldn’t you pay taxes to MA if you own a home and spend half your year there ? The government still need to provide services to you whether you are there every night or not. How about you agree no police protection while you are away, your burglar alarm goes off and police note “he’s in Flori...

JackoC

Yes but. There are significant tax consequences one needs to be aware of when investing a $20mm+ portfolio. For example, $20mm invested in Vanguard Total Stock Market index would generate ~$260,000 in dividends. $20mm invested in Vanguard Growth Index would generate roughly $114,000 in dividends. Y...

JackoC

Why shouldn’t you pay taxes to MA if you own a home and spend half your year there ? The government still need to provide services to you whether you are there every night or not. How about you agree no police protection while you are away, your burglar alarm goes off and police note “he’s in Flori...

JackoC

I think if we ever do this, as retirees with no business in NJ and high income in normal terms but not remotely Tepper terms, we might sell our NJ home (only home now) to make things simpler, and perhaps also take up <184 day 'non-residence' in NY (either the City a mile away from where we live now...

JackoC

Having just started Medicare in February, my antennae have been up with this sort of advertising for the past year or so. But I have to say, the quality of information is beyond ludicrous in many cases. In retrospect, I think it's completely safe to ignore all of this stuff. People say Medicare is ...

JackoC

I had this idea that , if coming from a high tax state (in my case, MA) , all you had to do to change residency to FL and reap its tax benefits was the simple stuff....live there 183 days/year, get a FL drivers license+registration, register to vote in FL ,establish domicile, etc. But the more I re...

JackoC

The other problem with Corvettes compared to their competition is that although they are an absolute bargain to buy, once the restricted supply clears, they depreciate like a rock. The Corvette has one of the lowest depreciation rates of any mass-produced vehicle out there. I don't know where you g...

JackoC

Sometimes the reason I think. If you're working hard and scrimping to put together a portfolio that will work at 4% SWR and somebody tells you it's not enough, it's a bummer. People will rationalize why the bearer of unwelcome news must be wrong, Human Nature 101 (the bearer of bad news isn't neces...

JackoC

Wade Pfau has made a career out of writing articles espousing absurdly low withdrawal rates. Seriously, it's the thing he's known for. It's like he's encouraging his clients to have larger than necessary portfolios because he makes more money that way. A little like the perma-bears that way I guess...

JackoC

Which is certainly possible. But the real question is what you assume for future variance of stock return. It's clear expected return of stocks now is lower than past long term average return. Stock valuations are much higher now, as they basically *should* be because expected return on the safer a...

JackoC

The model used at ERN is much more problematic than the one used by Pfau and most other professionals. We’ve proved this wrong over and over again, vineviz.... You’re mistaken, I’m afraid. Expecting real bond yields of -1% to provide the same SWR as real bond yields of +2% is a common error, but an...

JackoC

But as n approaches infinity that equation converges to DCF=CF/r, assuming CF and r are constant: the value of a perpetual is in fact a(n inverse) linear function of the discount rate. This equation has even had direct real world application. For example the 2-3/4% British government 'consol' perpe...

JackoC

Let's look at the most popular multiple, the price-to-earnings ratio. On the surface, it seems like a swiss army knife. It directly relates price to earnings. https://www.gstatic.com/education/formulas2/355397047/en/discounted_cash_flow.svg DCF = discounted cash flow CF_i = cash flow period i r = i...

JackoC

Getting very cheap cars breaks down at higher income due to both financial triviality and subjecting your family, again assuming one, to higher risk of death or life altering injury. Especially when the examples of very cheap cars are also small ones: multiple of IIHS death rate stats for old small...

JackoC

Getting very cheap cars breaks down at higher income due to both financial triviality and subjecting your family, again assuming one, to higher risk of death or life altering injury. Especially when the examples of very cheap cars are also small ones: multiple of IIHS death rate stats for old small...

JackoC

If you hit tree at 75 mph, I'd consider that driver error. Again, a post that tries to categorize all possibilities into a simplistic narrative that fits ones world-view. Reality is far more complicated than that. People - even ourselves or those we love, do make errors. Medical events happen. Acci...

JackoC

bogledogle recommended Michelin Pilot Sport 4S as a much quieter option. After doing some research on this tire to confirm that it would probably be a quieter option, I was disappointed to find out that it is not available in the sizes on the front or rear of my car. 235/60R18 103V (front) and 255/...

JackoC

But I always hear people (even on this forum) say that they dont know how people got so much money. I think its fair to say that an easy place to look is in the driveway and if you are struggling to save for retirement your cars are probably a bug reason for this. Another poster mentioned people bu...

JackoC

I'm in shock someone would waste $500 on a round of golf and $200 on a dinner. I'm guessing most folks who will drop $500 on a round of golf have enough income and/or wealth that a $700 car payment won't be the difference between accumulating wealth or not. I did the cheap car thing until my late 2...

JackoC

I see that Vanguard incorporates international bonds into their Target Date and LifeStrategy funds. Can someone enlighten me on the following: 1) Are international bonds necessary for diversification? 2) What are the behavioral differences between domestic and international bonds? 3) What is the co...

JackoC

I would rather own a FDIC savings account paying 0.5% interests rather than a 5 year Treasury bill paying 0.9%. A total bond market fund has credit risk so it will pay a bit more. So, after subtracting 0.1% ER for a bond fund you have a humongous yield of 0.3% for 5 years of term risk. While I unde...

JackoC

The gal who owes the money (lets call her Janet) is the gal who computes the inflation rate. And Janet does not actually have the political will or financial ability to repay the loan in full. Do you trust Janet? I don't. Dr. Janet Yellen is the Secretary of the Treasury. The inflation rate is calc...

JackoC

Maybe some of the physicists on BH can help me out, but I thought that on a curve you needed to be accelerating against the forces that are trying to keep you going in a straight line. I would imagine that AWD would be better than 2wd at this. My recollection of physics is the same as yours re acce...

JackoC

Apples and oranges. I'd get the BMW with the thought in mind that it is a well-engineered and fine-performing car which might be my last equipped with an internal combustion engine as electric vehicles and their supporting infrastructure mature and improve. Tesla seems to evoke strong loyalty from ...

JackoC

Regardless of whether or not CPI-U is a good measure of the inflation in anyone's personal expenses, that interest rate in an I Bond is higher rate then I can get in comparable savings vehicles. Yeah the point about '5-10% hike' is completely irrelevant to I-bond v TIPS, a common comparison. 5 yr* ...

JackoC

Both the IRS and my state (CA) have extended the tax filing deadline to May 17. If I owe, is there any reason to file before then? If you pay estimated tax Q1 is still due April 15. I much prefer to finish a tax return and accurately calculate following year's required minimum estimated than actual...

JackoC

Just finished S2 of "Patriot" on Amazon Prime. Started watching it with my wife, who thought it was ok but bailed after 3 episodes... "Written for guys" was her critique. By the time I got to S2, I realized she was right... and I enjoyed it very much. Quirky, often implausible a...

JackoC

Ground clearance comes into play. The Odyssey has 4.5 inches, the pilot has 7.3. I’ve had an AWD pilot on all seasons out in 8in of snow without problem, but at some point you will start to have problems with elevation change and plowing or snow pushing up on the floorpan and taking the weight off ...

JackoC

Why is someone selling you a $35k vehicle for $5k? Seller could be a really good friend or family member. Lots of threads are chuckle generators for somebody laying out an odd scenario and not answering the obvious question it poses. In this case, who is selling a car that far off market and why? I...

JackoC

As I said earlier linking Pub 550. However, the question here is whether the pattern sell SPY, buy ES, wait wash sale period+, sell ES, buy SPY disallows the loss on *SPY* as a wash sale. Nobody is saying there's wash sale treatment of the p/l of the ES trades. And in the 'constructive sale' case (...

JackoC

Wash sales don’t apply to futures contracts, only to stock and options. See Pub 550. The Substantially identical test doesn’t matter since you can’t have a wash sale with the sec 1256 futures leg. https://www.irs.gov/publications/p550#en_US_2019_publink100010601 Options and futures contracts. The w...

JackoC

ZN is a futures contract on a nominal 10 yr note though the delivery specs tend to result (in recent rate/coupon situation) in the cheapest to deliver issue into the contract being a 7-8yr treasury. TLT is a fund tracking the ICE US Treasury 20+ yr index. I will admit that I am conservative on this...

JackoC

Treasury note/bond futures v TLT should not raise this issue because the futures (held to expiry though you virtually never would) are a commitment to buy one of a range of eligible treasury issues (the 'cheapest to deliver' would be actually be delivered) not an index such as the fund tracks. ZN i...

JackoC

Like using 10y Treasury future ZN for TLT or S&P500 future ES for SPY? My CPA said Treasury futures for a bond fund would work. I'm not so sure. Does anybody have experience? I assume you mean, for example, you hold shares of SPY with an unrealized capital loss you want to recognize without cha...

JackoC

32 Married, no kids (trying for one currently), no debt other than mortgage. We make combined ~143k combined (plus call shifts/bonuses) Sigz, Let's say you save 40K per year. And, your taxes are 1/3 = 40K. You are spending 63K per year. How much is your house? How much is your mortgage? Why do you ...

JackoC

The risk with “pushing” your dad into a boglehead set-up is that the market goes sideways afterwards. Yes, it will all be macroeconomic stuff, but it may also “be your fault.” It’s an issue of trust. He trusts this advisor. Yeah, the randomness of markets means there's hardly a such thing as guaran...

JackoC

I think data is just data. If my 25 year old car weight is 5000lb and yours is 2000lb, who do you think get more impact in an accident? Just because it's a new car, it doesn't make it more safe. Heavy steel vs modern crumple zones (as a 2009 the modern car is really a generation back from current s...

JackoC

LBYM is so engrained in me. Depression era parents who did well but were never extravagant. Grandparents who retired early on pensions, but with little education - prison guard, toll booth collector. I’ve been a Boglehead for years, lurking even in the M* days. Meanwhile my colleagues own second an...

JackoC

The area I'm targeting is in Southeast Asia. Anytime you look on the web or this forum, the feedback concerning the advisability of taking an expat gig is usually positive. This puzzles me, because 99% of people (even white collar professionals) don't take an expat gig, so if it's so wonderful, why...

JackoC

Approved tests at CVS and Walgreens are usually covered by insurance. I've had 4 of them @ zero cost. I'm also confused by the question. I've only had one COVID related test (antibody, positive, infection tests still hard to get when I had symptoms) but free and no questions why I wanted it. The st...

JackoC

duplicate

JackoC

Wow, this is interesting psychology! I don't know anyone with a Subaru that feels intellectually superior as a result. It's not a flashy car - I always see people looking at it for practical reasons (AWD, safe, albeit kind of boring). Agreed - weird take. Most of my freinds/coworkers with intellect...

JackoC

Subarus are overrated in my opinion. Their overall performance, reliability, safety features and aesthitics are not particulary noteworthy compared to other brands. That nifty all wheel drive thing they have going on is a dime a dozen now. Subaru owners remind me a lot of Volvo drivers from the 80'...

JackoC

I would just go down that list and be reasonably satisfied you've avoided those particular pitfalls of the loan in that case (eg. no fixed maturity, no interest at all, borrowers' plausible theoretical means to pay it back without help, etc). Then I would make the loan, and give $60k total (4*15) g...

JackoC

That rate is more than free money as it's less than inflation, as long as you invest the money you would have paid in cash. However, typically manufacturers add the cost into the price of the vehicle. So as Leesbro63 stated, what's the real price? Is this actually true? Maybe I'm not a great negoti...

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