Search found 715 matches

by hi_there
Wed Apr 21, 2021 10:58 pm
Forum: Investing - Theory, News & General
Topic: What is your 10 - 20 year macro view and why?
Replies: 33
Views: 2410

Re: What is your 10 - 20 year macro view and why?

There is a common bullish argument, since it seems likely that technology is going to lead to substantial productivity improvements. Coronavirus really led to some profound shifts in the way people do business and live their lives. Many more people have turned to e-commerce at an accelerated pace. F...
by hi_there
Wed Apr 21, 2021 8:52 pm
Forum: Personal Consumer Issues
Topic: Mediterranean Cruise Opinions
Replies: 8
Views: 624

Re: Mediterranean Cruise Opinions

I don't know how the pandemic affect pricing, but this had better be a really great cruise for $8600 a person. $17k would buy a really nice vacation for 2 under normal circumstances.
by hi_there
Wed Apr 21, 2021 5:29 pm
Forum: Personal Consumer Issues
Topic: Travel to Vietnam, Thailand, or India
Replies: 72
Views: 5810

Re: Travel to Vietnam, Thailand, or India

I don't think the best adventure for OP must mean the least developed country. All the suggested countries have relatively undeveloped areas to explore. In addition, it is also adventurous to experience new culture, crowded places, and see how life is experienced in other parts of the world.
by hi_there
Wed Apr 21, 2021 3:09 pm
Forum: Personal Consumer Issues
Topic: 12 year boat loan!
Replies: 26
Views: 2261

Re: 12 year boat loan!

There are a lot of FinTechs lately who seem to be focused on consumer debt like this. The logic is to become like credit cards, but I guess also have some degree of collateralization. The size and cost of the covered purchase is supposed to go down over time to encompass more categories. Anyway, if ...
by hi_there
Wed Apr 21, 2021 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving Corporate for my own LLC
Replies: 11
Views: 774

Re: Leaving Corporate for my own LLC

Looks like OP is still concerned with business risk and variability of income from the side project. Next steps are a personal choice, but if it were me, I would double down on the LLC business, assuming it is still scalable. Lots of people work 80+ hours a week in their 20s. It is possible if you a...
by hi_there
Wed Apr 21, 2021 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Buyer's Market In City: To Wait or Not to Wait to Sell
Replies: 26
Views: 1435

Re: Buyer's Market In City: To Wait or Not to Wait to Sell

I guess it depends on the city. If it’s a city people want to live in, sure, maybe prices will come back sometime in the future. However, I think you have to discount the premium on being close to office buildings, I don’t see that coming back personally I think people will still commute, albeit fe...
by hi_there
Wed Apr 21, 2021 8:39 am
Forum: Personal Investments
Topic: When to retire - 2 children
Replies: 56
Views: 8269

Re: When to retire - 2 children

Most people in real life would wait for the 5 year old to complete college. I don't think most people with the OP's level of assets would necessarily wait that long. Waiting until child graduates from college puts the OP at age 63. He doesn't need to put retirement off that long given his assets an...
by hi_there
Wed Apr 21, 2021 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Strange message from Ally Bank
Replies: 27
Views: 2356

Re: Strange message from Ally Bank

Banks are allowed to institute up to, I believe a 2 week hold for any reason that they consider material for security. It could be because the payer is questionable, or it could just be that the amount is unusual for your account. The way they said they had "confidential information" is st...
by hi_there
Tue Apr 20, 2021 7:55 pm
Forum: Personal Investments
Topic: When to retire - 2 children
Replies: 56
Views: 8269

Re: When to retire - 2 children

Most people in real life would wait for the 5 year old to complete college.
by hi_there
Tue Apr 20, 2021 12:30 pm
Forum: Personal Consumer Issues
Topic: Sale of Expensive Home--Limit Showing
Replies: 34
Views: 3190

Re: Sale of Expensive Home--Limit Showing

Appointments only seems reasonable. Although, with the cost of your house, it might be worth investing in professional staging, touch ups and photography, since even a small percentage price improvement could be a significant dollar amount.
by hi_there
Tue Apr 20, 2021 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Young Twenties Seeking Financial Independence
Replies: 40
Views: 3052

Re: Young Twenties Seeking Financial Independence

Hi. At 24-years-old, increasing your earnings potential will have a far bigger impact to your eventual net worth compared to any savings rate. What are you going to be doing in 5 or 10 years? Will an MBA or other qualifications fit into your career goals? Think about how you can change your income f...
by hi_there
Tue Apr 20, 2021 8:57 am
Forum: Personal Consumer Issues
Topic: Raised Garden Beds - Building Material
Replies: 62
Views: 4104

Re: Raised Garden Beds - Building Material

I read that since lumber is expensive this year, people are moving to non-wood materials, like these steel ones, which are easy to put together and last longer than wood. I'm personally ok with the aesthetic, but that's up to you to decide I guess.

https://birdiesgardenproducts.com/
by hi_there
Mon Apr 19, 2021 11:12 pm
Forum: Personal Investments
Topic: When to retire - 2 children
Replies: 56
Views: 8269

Re: How do you know when to call it?

Maybe the lower earning spouse could retire and stay at home. It doesn't have to be both or nothing.
by hi_there
Mon Apr 19, 2021 11:16 am
Forum: Investing - Theory, News & General
Topic: Impacts of Lifting Eviction Moratoriums?
Replies: 10
Views: 1605

Re: Impacts of Lifting Eviction Moratoriums?

There will probably be a drop in consumer spending or even GME type of stock speculation, as people who are backdated on rent and mortgages will have to fulfill those expenses in earnest.
by hi_there
Mon Apr 19, 2021 10:31 am
Forum: Personal Consumer Issues
Topic: How long does it typically take to get used to a new mattress?
Replies: 26
Views: 1381

Re: How long does it typically take to get used to a new mattress?

I don't think memory foam is supposed to change shape or attributes over usage time; it is even shipped compressed in a tiny box and rebounds to its full original size and shape. Maybe trying a foam topping would be a good idea if you think the mattress is too hard.
by hi_there
Mon Apr 19, 2021 8:17 am
Forum: Investing - Theory, News & General
Topic: What’s the problem with dividends?
Replies: 300
Views: 16737

Re: What’s the problem with dividends?

I don't like them because the mutual fund goes down the same amount the day they are paid so it was not real income to me. That is what bugs me the most about them. I don't like dividends because then I have to take less capital gains to remain in the same tax bracket. I can keep my income lower fo...
by hi_there
Sun Apr 18, 2021 11:46 pm
Forum: Personal Investments
Topic: What is meant by "Get Out of Bonds" ??
Replies: 21
Views: 2351

Re: What is meant by "Get Out of Bonds" ??

To be fair to those pundits, there should be some small delta in the ideal asset allocation based on bond yields. If bonds were yielding some very high real interest rate, say 15%, it would be completely rational to allocate 100% of your portfolio to bonds. As yields go down, you would start to decr...
by hi_there
Sun Apr 18, 2021 10:31 pm
Forum: Personal Investments
Topic: Almost on FIRE
Replies: 32
Views: 4819

Re: Almost on FIRE

I would rebalance the growth sector funds into normal stock weightings. This will probably improve risk adjusted returns, plus, value is pulling ahead as the economy normalizes apparently. You can also save a bit in expense ratios by moving to cheaper funds in some of those cases - saving cost is re...
by hi_there
Sun Apr 18, 2021 10:19 pm
Forum: Investing - Theory, News & General
Topic: Cryptocurrency in Free Fall
Replies: 184
Views: 16845

Re: Cryptocurrency in Free Fall

I am not really one to follow market conspiracy theories. However, at this point, does anyone not believe that Bitcoin surges and troughs are manufactured by manipulative agents? It is not surprising at all that volatility events should happen with regularity.
by hi_there
Sun Apr 18, 2021 7:24 pm
Forum: Personal Investments
Topic: Invest 120K now or wait for the crash?
Replies: 75
Views: 9869

Re: Invest 120K now or wait for the crash?

What exactly is the percentage drawdown that you would call a "crash"?
by hi_there
Sun Apr 18, 2021 5:46 pm
Forum: Personal Investments
Topic: Financial Samurai Blog -Passive Income Portfolio - is this guy legit or am I going off track?
Replies: 67
Views: 16588

Re: Financial Samurai Blog -Passive Income Portfolio - is this guy legit or am I going off track?

I take with a huge grain of salt any of these financial bloggers. Sure, maybe he’s a multi millionaire with multiple income streams generating $100,000s of year in income. Or maybe he’s full of crap. I mean, ask yourself this question. How many people could really be buying his e-book “engineering ...
by hi_there
Sun Apr 18, 2021 12:53 pm
Forum: Personal Investments
Topic: Turning over accounts to 18 year old
Replies: 13
Views: 1319

Re: Turning over accounts to 18 year old

If we're just talking about a question of responsibility, I think it's fine to let the 18-year-old make some minor economic decisions. I wouldn't put 529 college tuition in their hands, but the Roth IRA seems fine, provided that they understand that it is meant to only be liquidated in the far future.
by hi_there
Sun Apr 18, 2021 11:21 am
Forum: Investing - Theory, News & General
Topic: Do simple index fund-only portfolios (e.g., 3-fund, 5-fund, etc.) work for the ultra wealthy (say, $20+ million)?
Replies: 96
Views: 9966

Re: Do simple index fund-only portfolios (e.g., 3-fund, 5-fund, etc.) work for the ultra wealthy (say, $20+ million)?

For the sake of categorization, I would suggest that estate and trusts are a separate consideration from asset allocation. Even if you set up a trust fund for your kids, you could still invest the trust in index funds and weight the asset classes based on investment usage timeline.
by hi_there
Sun Apr 18, 2021 11:08 am
Forum: Personal Finance (Not Investing)
Topic: cost of college
Replies: 11
Views: 958

Re: cost of college

College costs are certainly in a bubble, it cant go up forever the payback on the degree will just not justify it. I feel we are close to the top now. I think what needs to happen is a higher degree of price discrimination, which in colleges, is effected through scholarships. The full sticker price...
by hi_there
Sun Apr 18, 2021 10:12 am
Forum: Investing - Theory, News & General
Topic: Do simple index fund-only portfolios (e.g., 3-fund, 5-fund, etc.) work for the ultra wealthy (say, $20+ million)?
Replies: 96
Views: 9966

Re: Do simple index fund-only portfolios (e.g., 3-fund, 5-fund, etc.) work for the ultra wealthy (say, $20+ million)?

If you have $20 million, that's probably around the point where you start to care less about efficiency and more about personal interests. So, you might start to "invest" in vacation real estate, wine, or philanthropic causes.
by hi_there
Thu Apr 15, 2021 10:44 pm
Forum: Investing - Theory, News & General
Topic: Move towards a higher stock allocation after a crash
Replies: 67
Views: 3999

Re: Move towards a higher stock allocation after a crash

It depends on how much cushion your portfolio has for further losses. I suspect that if you were to look back and hypothetically buy stocks in a "crash" situation (VIX at 50+, stocks down 20%, etc.), you would have made better than average gains in the following months or years. However, i...
by hi_there
Thu Apr 15, 2021 10:35 pm
Forum: Investing - Theory, News & General
Topic: What’s the problem with dividends?
Replies: 300
Views: 16737

Re: What’s the problem with dividends?

I believe in many respects we are dancing on the head of a pin. It simply does not matter. Tony There is a potential for it to make a material economic difference. You could experience significant tax drag on a typical stock index fund with 2% dividend rate, if you are forced to pay a tax on divide...
by hi_there
Thu Apr 15, 2021 10:24 pm
Forum: Personal Consumer Issues
Topic: local dealers offering to buy car for more than you paid?
Replies: 35
Views: 2248

Re: local dealers offering to buy car for more than you paid?

What is the typical dealer listing price for comparable cars? I would estimate 25% more than I paid but I’m not actively keeping track If they are indeed taking only a 5% spread, minus prep costs, on this transaction, then it is not unreasonable to sell it if you prefer a different car. Somehow, I ...
by hi_there
Thu Apr 15, 2021 10:22 pm
Forum: Personal Consumer Issues
Topic: Wi-Fi router recommendations
Replies: 28
Views: 2214

Re: Wi-Fi router recommendations

I have the Google Wifi three pack system. I don't know how it compares to similar systems, but this sort of technology is definitely a step above a traditional router. You do have to sign in with a Google account for admin access, but it's not a big deal for me. One thing I should mention is that me...
by hi_there
Thu Apr 15, 2021 10:13 pm
Forum: Personal Consumer Issues
Topic: local dealers offering to buy car for more than you paid?
Replies: 35
Views: 2248

Re: local dealers offering to buy car for more than you paid?

What is the typical dealer listing price for comparable cars?
by hi_there
Thu Apr 15, 2021 6:54 pm
Forum: Investing - Theory, News & General
Topic: What’s the problem with dividends?
Replies: 300
Views: 16737

Re: What’s the problem with dividends?

There are no problems with dividends. Dividends prevent CEOs from doing stupid things with YOUR money. I can't understand why Bogleheads cannot grasp this concept. The law (Investment Act of 1940 I believe) requires that funds pay out dividends from the underlying corporations in their holdings. It...
by hi_there
Thu Apr 15, 2021 12:50 am
Forum: Investing - Theory, News & General
Topic: What is the difference between using 3x vs 2x leveraged ETFs to achieve the same proportion of leverage?
Replies: 18
Views: 1884

Re: What is the difference between using 3x vs 2x leveraged ETFs to achieve the same proportion of leverage?

...So even on the face of it, the more you can do without using them, the better. If you "only" want 1.5X leverage then let the plain old S&P 500 ETF do as much of the heavy lifting as possible. That makes a lot of sense. I suppose in the case of 1.5x leverage, then the way to let the...
by hi_there
Wed Apr 14, 2021 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Unknown phone numbers on credit reports?
Replies: 13
Views: 1248

Re: Unknown phone numbers on credit reports?

Maybe it is from some non-phone devices you owned. I had an iPad on a wireless data plan, and it was assigned a phone number as an identifier by Verizon, even though I don't think it is possible to call it.
by hi_there
Wed Apr 14, 2021 10:50 pm
Forum: Investing - Theory, News & General
Topic: What’s the problem with dividends?
Replies: 300
Views: 16737

Re: What’s the problem with dividends?

I would like some clarification on how dividends are equivalent to selling shares. When you receive a dividend, the number of shares you hold remains the same. If you sell, then you're decreasing your number of shares. If you continue selling, eventually your shares will be depleted. On the other h...
by hi_there
Wed Apr 14, 2021 10:13 pm
Forum: Investing - Theory, News & General
Topic: What’s the problem with dividends?
Replies: 300
Views: 16737

Re: What’s the problem with dividends?

Dividends force you to realize those gains based on their schedule. So, if everything else is equivalent, as you mentioned, selling stock is better than dividends. There is a reason to prefer capital gains and no reason to prefer dividends.
by hi_there
Wed Apr 14, 2021 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: If you hit your # would you retire in this market?
Replies: 124
Views: 13958

Re: If you hit your # would you retire in this market?

I wouldn't put so much weight into this concept of "your number". You can always use more money; what matters is whether you are being compensated enough to use your time to generate income. Let's say "your number" is $1 million based on 25x your current expenses. If you are offe...
by hi_there
Tue Apr 13, 2021 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2507
Views: 575712

Re: Share your net worth progression

I hit $8 million today, age 36. I'm still unemployed, by the way...
by hi_there
Tue Apr 13, 2021 9:22 pm
Forum: Personal Consumer Issues
Topic: C8 Corvette?
Replies: 44
Views: 3854

Re: C8 Corvette?

runner3081 wrote: Tue Apr 13, 2021 8:44 pm
hi_there wrote: Tue Apr 13, 2021 7:15 pm Boglehead website seems to be full of rich guys in their 60s. In other words, exactly the people who buy Corvettes.
Forgot the part about thinning or non-existent hair.
Well, unless there is a thread I missed about budgeting for hair replacement procedures, I can't speak for that part.
by hi_there
Tue Apr 13, 2021 7:22 pm
Forum: Personal Consumer Issues
Topic: 10+ year old used cars?
Replies: 64
Views: 5166

Re: 10+ year old used cars?

I don't recall where I read it but I also recall reading that over the long term one of the huge factors in the decline of car fatalities is that ambulances and medical care has also improved dramatically. Many people are surviving crashes now that would have been fatal a few decades ago. In a loca...
by hi_there
Tue Apr 13, 2021 7:15 pm
Forum: Personal Consumer Issues
Topic: C8 Corvette?
Replies: 44
Views: 3854

Re: C8 Corvette?

Boglehead website seems to be full of rich guys in their 60s. In other words, exactly the people who buy Corvettes.
by hi_there
Tue Apr 13, 2021 4:54 pm
Forum: Personal Investments
Topic: What to do with 10K?
Replies: 6
Views: 608

Re: What to do with 10K?

I would just throw it into the taxable account based on your current asset allocation. This $10k is 1% of your wealth.
by hi_there
Tue Apr 13, 2021 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a House in Today’s Market
Replies: 16
Views: 2168

Re: Buying a House in Today’s Market

I understand the hesitation, as this is probably the most expensive thing you have ever bought. However, I would just buy the house if you are certain to live there for 10 years or more. If you overpay by $50k or $100k, so what. It's just a year of work in the future in the worst case. Housing might...
by hi_there
Tue Apr 13, 2021 11:39 am
Forum: Personal Consumer Issues
Topic: 10+ year old used cars?
Replies: 64
Views: 5166

Re: 10+ year old used cars?

One way of measuring car safety is by looking at the driver death rate per million registered vehicles. 2002 Chevrolet Silverado 1500 2WD Driver death rate 153 2017 Chevrolet Silverado 1500 2WD Driver death rate 32 For that model the driver is five times more likely to die in a 2002 than in a 2017....
by hi_there
Mon Apr 12, 2021 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: Any happy lawyers out there?
Replies: 138
Views: 12789

Re: Any happy lawyers out there?

I don't think I have met a law firm associate who is not constantly thinking of their exit strategy. Some do claim that there are intellectually interesting aspects to their jobs, but it is usually overshadowed by the workaholic environment and endless thankless tasks that they spend most of their t...
by hi_there
Mon Apr 12, 2021 10:28 pm
Forum: Personal Consumer Issues
Topic: Price of lumber / housing boom
Replies: 7
Views: 1615

Re: Price of lumber / housing boom

Ok. Here's what we have in the way of lumber futures prices. Unfortunately, there is only usable data until January 2022 maturity, which is at a 20% discount to spot. There is probably significant storage cost associated with this large and bulky commodity. So the market prediction of prices at that...
by hi_there
Mon Apr 12, 2021 10:21 pm
Forum: Personal Consumer Issues
Topic: Price of lumber / housing boom
Replies: 7
Views: 1615

Re: Price of lumber / housing boom

Here's a recent article I found about this lumber price spike. https://www.npr.org/2021/03/30/982805743/lumber-prices-are-staying-sky-high-even-if-the-pandemic-ends-soon#:~:text=But%20there's%20a%20catch%20%2D%20the,still%20going%20through%20the%20roof.&text=MORRIS%3A%20Because%20since%20this%20...
by hi_there
Mon Apr 12, 2021 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Changing Job at 53
Replies: 3
Views: 882

Re: Changing Job at 53

What are the terms of these retirees benefits?
by hi_there
Mon Apr 12, 2021 3:26 pm
Forum: Personal Consumer Issues
Topic: Best 4 wheel drive vehicle
Replies: 75
Views: 5953

Re: Best 4 wheel drive vehicle

Hard to guess what is best without a price range. It should be noted though, that nowadays, all kinds of AWD vehicles have sophisticated traction control software and engineering that can overcome what might have been physical limitations in previous generations. Trucks or specialized 4x4 vehicles w...
by hi_there
Mon Apr 12, 2021 1:41 pm
Forum: Personal Investments
Topic: Charged for a couple sell transactions
Replies: 3
Views: 376

Re: Charged for a couple sell transactions

Some specific funds come with transactions fees, so that could be the case. You could read the fee disclosures in the prospectus or call Vanguard to get a definitive answer.