Search found 689 matches

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: 3779

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: 204
Views: 10439

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: 2213

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: 26
Views: 1805

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: 2213

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: 204
Views: 10439

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: 1866

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: 1209

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: 204
Views: 10439

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: 204
Views: 10439

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: 13724

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: 2501
Views: 573964

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: 43
Views: 3553

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: 51
Views: 3308

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: 43
Views: 3553

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: 598

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: 15
Views: 1640

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: 51
Views: 3308

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: 103
Views: 9034

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: 1608

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: 1608

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: 870

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: 5904

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: 375

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.
by hi_there
Mon Apr 12, 2021 1:30 pm
Forum: Personal Consumer Issues
Topic: What do you do with well worn clothing?
Replies: 39
Views: 3222

Re: What do you do with well worn clothing?

I cut some of the old clothes into ropes to tie plants.
by hi_there
Fri Apr 09, 2021 3:12 pm
Forum: Personal Consumer Issues
Topic: Definition of one more year (OMY).
Replies: 41
Views: 3759

Re: Definition of one more year (OMY).

There is no clear definition and I'm not sure why it matters that there is one. I think the mindset is different. flyingaway, I disagreed. In my opinion and observation of my family members, it is more of a case of people that has nothing to retire to. Some folks occupied most of their lives workin...
by hi_there
Fri Apr 09, 2021 11:42 am
Forum: Personal Investments
Topic: I cant find anything better than S&P
Replies: 74
Views: 7944

Re: I cant find anything better than S&P

Any of these other indexes is just substantially similar to SPX. Even the leveraged version is merely a way to scale the same underlying investment. But anyway, I think the fact that few real alternatives have been suggested just demonstrates how efficiently risk can be transferred to investors thro...
by hi_there
Fri Apr 09, 2021 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Manhattan luxury townhouses
Replies: 12
Views: 1751

Re: Manhattan luxury townhouses

You would be better off splitting the town house into separately rentable units. Most of these properties seem to be configured like this nowadays. Most people who could afford to rent the whole place are probably buying their own real estate, or looking for sky box apartments with concierge and ot...
by hi_there
Thu Apr 08, 2021 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: Manhattan luxury townhouses
Replies: 12
Views: 1751

Re: Manhattan luxury townhouses

You would be better off splitting the town house into separately rentable units. Most of these properties seem to be configured like this nowadays. Most people who could afford to rent the whole place are probably buying their own real estate, or looking for sky box apartments with concierge and oth...
by hi_there
Wed Apr 07, 2021 10:56 pm
Forum: Personal Consumer Issues
Topic: What EV to buy for 20k-25k?
Replies: 63
Views: 5495

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

Just get the Honda Clarity PHEV. Smoking deals, you can get a Touring for like $22k after incentives. Honda quality. Roomy interior that is quiet. It's not a BEV but close enough, never worry where the next charge is either but still do 80-90% driving on electric. I like PHEVs including the Prius (...
by hi_there
Wed Apr 07, 2021 10:37 pm
Forum: Personal Consumer Issues
Topic: What EV to buy for 20k-25k?
Replies: 63
Views: 5495

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

What about something like a Prius plugin? You can charge it and get your 40 miles or so for daily driving. However, since it also uses gas, you don't have to worry about not being able to charge it overnight, etc. Prius is one of the smoothest cars I've been in too.
by hi_there
Wed Apr 07, 2021 9:06 pm
Forum: Personal Investments
Topic: Short TLT as inflation hedge?
Replies: 15
Views: 835

Re: Short TLT as inflation hedge?

Hi, OP. What percentage of stocks is your portfolio? If you are already mostly invested in stocks, then you are already somewhat hedged against inflation. Shorting treasuries in ETF form is probably not a great idea, due to lack of efficiency and also the presumably undesirable exposure to changes i...
by hi_there
Wed Apr 07, 2021 8:55 pm
Forum: Personal Investments
Topic: Why not use cash for RE rentals?
Replies: 29
Views: 2455

Re: Why not use cash for RE rentals?

Hi, OP. Is there a non-realtor resource who can mentor and guide you on real estate in the area you are considering? Perhaps personal acquaintances from when you lived there, or even online people? I'm just looking at people I know who rent real estate, including through broker services, and there a...
by hi_there
Wed Apr 07, 2021 8:52 pm
Forum: Investing - Theory, News & General
Topic: who here is tempted to pullback on stocks?
Replies: 238
Views: 47059

Re: who here is tempted to pullback on stocks?

To answer the original question, yes, I do think about de-risking at some point. However, this is a function of personal net worth rather than market prices. The market going up so rapidly has surely brought a lot of people closer to their ultimate financial goals. So, we have much more to lose by a...
by hi_there
Wed Apr 07, 2021 8:19 pm
Forum: Personal Consumer Issues
Topic: Family car
Replies: 86
Views: 6688

Re: Family car

It's interesting how that Kia Telluride with 20/27 mpg is a relatively inefficient car nowadays. From the internet, this is about the same fuel efficiency as a much smaller and lighter typical 1990s sedan like Honda Accord. I recall that Dodge Durango from a while ago used to get 9/10 mpg. Anyway, i...
by hi_there
Wed Apr 07, 2021 8:33 am
Forum: Personal Consumer Issues
Topic: The best $10,000 to $15,000 vehicle.
Replies: 42
Views: 3300

Re: The best $10,000 to $15,000 vehicle.

2014 Acura TSX. One of the last great old school Honda cars.
by hi_there
Tue Apr 06, 2021 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Job Satisfaction vs Maximizing Income
Replies: 87
Views: 5876

Re: Job Satisfaction vs Maximizing Income

Capacity to work is also related to your age. Working 80 hours a week in your 20s is a big sacrifice, but not as much as it would be in your 40s and 50s, when you have less energy and possibly other concerns, particularly family. Working harder earlier in life also gives you longer time to invest an...
by hi_there
Tue Apr 06, 2021 6:50 pm
Forum: Personal Consumer Issues
Topic: 2019 Porsche Macan Excessive Tire Noise: Options?
Replies: 54
Views: 3658

Re: 2019 Porsche Macan Excessive Tire Noise: Options?

Maybe it has to do with low profile tires as well. Did you get an extra large wheel size?
by hi_there
Tue Apr 06, 2021 3:20 pm
Forum: Personal Consumer Issues
Topic: Family car
Replies: 86
Views: 6688

Re: Family car

Lots of great responses. Thanks everyone. I’ll admit I didn’t consider minivans merely for the “cool” factor. I suppose I can’t really hide the soccer dad I am. It does seem to me that the technologies are rapidly changing and there’s some inherent unpredictability to it. I usually buy a car and ru...
by hi_there
Tue Apr 06, 2021 9:59 am
Forum: Personal Consumer Issues
Topic: Should I buy a SLR camera without a built in flash?
Replies: 90
Views: 3295

Re: Should I buy a SLR camera without a built in flash?

Sandtrap wrote: Tue Apr 06, 2021 9:06 am Interesting size and weight comparison.
Image
Picture says 1000 words... ahem.
by hi_there
Tue Apr 06, 2021 7:52 am
Forum: Personal Consumer Issues
Topic: Should I buy a SLR camera without a built in flash?
Replies: 90
Views: 3295

Re: Should I buy a SLR camera without a built in flash?

Hi, OP. I personally would prefer not to carry around a full frame DSLR and flash for most of these uses, given the size and weight of the equipment. It's also distracting for family and friends when you pull out a huge camera, and this tends to change the way your photos turn out - so usually, the ...
by hi_there
Fri Apr 02, 2021 4:39 pm
Forum: Personal Consumer Issues
Topic: Best nonstick pans?
Replies: 65
Views: 5170

Re: Best nonstick pans?

Have you tried cast iron? I find that even with non-stick pans, heat management is key to making food not stick.
by hi_there
Fri Apr 02, 2021 4:37 pm
Forum: Personal Consumer Issues
Topic: Good time to sell a car?
Replies: 16
Views: 1138

Re: Good time to sell a car?

I don't think it makes any sense to sell the car now if you are going to have to buy another one in a year. Even if you perceive that you got a good deal by selling your car now, you'll just lose that money on the bid/ask spread by buying another car later. Carvana only gave you an ostensibly high b...
by hi_there
Fri Apr 02, 2021 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: WFH Light a "FIRE" in anyone else?
Replies: 20
Views: 3147

Re: WFH Light a "FIRE" in anyone else?

In NYC area, there are generally two kinds of office workers: 1) people who pay $5k-$10k a month to live in 1000 sf 2 bedroom apartments in the city, or 2) people who commute 1.5 hours from suburbs in Westchester or NJ. There's no convincing these people to return to the office full time, and I'm su...
by hi_there
Fri Apr 02, 2021 2:17 pm
Forum: Personal Investments
Topic: What Are You Doing Given Record Stock Market Highs and What Is Your Situation?
Replies: 120
Views: 12645

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

There are 3 reasons that market is continue to go higher and higher #1) interest rate are near Zero. So there are not a whole lot of places money can go. #2) people are not taking vacation, eating out ( not spending) , so might as well save and since market is going up, might as well invest in the ...
by hi_there
Fri Apr 02, 2021 11:44 am
Forum: Investing - Theory, News & General
Topic: In what condition, will international significantly overperform US?
Replies: 170
Views: 12530

Re: In what condition, will international significantly overperform US?

I would argue that US and International stocks are not even the same asset class A new asset class? Wow, that really would be something given they show similar factor behaviors. And are highly correlated (0.90 for developed markets). It's sure a lot easier to explain these amazing coincidences if t...
by hi_there
Fri Apr 02, 2021 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Estate planning Advice - Inheriting Large Estate
Replies: 14
Views: 1800

Re: Estate planning Advice - Inheriting Large Estate

With such a large estate, it's worth paying for professional advice on trust and estates. I'm sure many people have the exact same concerns as you, and that lawyers have developed a standard and up to date practice to approach this issue. It is good that your family is being proactive about this pot...
by hi_there
Thu Apr 01, 2021 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Do you trust the current value of your portfolio?
Replies: 130
Views: 9197

Re: Do you trust the current value of your portfolio?

4% rule and so on are based on all past scenarios, including those in which the market crashed immediately. So, assuming those studies on historical data are relevant to the next 30 years, you should already be hedged against short term market volatility.
by hi_there
Thu Apr 01, 2021 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Do I keep 2 vehicles or 1 vehicle?
Replies: 27
Views: 2773

Re: Do I keep 2 vehicles or 1 vehicle?

It doesn't make sense to drive the gas guzzler truck for years as a daily commuter. Why don't you just buy it for $5k and flip it for more money as soon as you can?
by hi_there
Thu Apr 01, 2021 8:04 pm
Forum: Personal Investments
Topic: How can my father see the light?
Replies: 53
Views: 6194

Re: How can my father see the light?

At least your dad has invested his money and is not using it for alcohol or slot machines. I think you just need to accept this state as ok, even if not entirely optimal.