Search found 768 matches

by FireProof
Sat Mar 27, 2021 4:02 pm
Forum: Personal Consumer Issues
Topic: High ranked Univ with liberal arts major or lower ranked school with STEM major
Replies: 121
Views: 8196

Re: High ranked Univ with liberal arts major or lower ranked school with STEM major

FWIW, my sister had no interest in STEM, applied to Berkeley L&S, fooled around with a few majors (looked at English,, took classes in Landscape Design, which is actually in yet another separate school). Then in her second year she decided she wanted to try CS, took a class, ended up choosing th...
by FireProof
Mon Mar 15, 2021 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Is 7K mortgage a month too much for 13K (combined) post tax monthly income?
Replies: 101
Views: 8847

Re: Is 7K mortgage a month too much for 13K (combined) post tax monthly income?

Remember you’re not just buying a house, you’re building a lifestyle. So once you acquire the house, everything else you do has to be commensurate. Hope you’re prepared. Huh? I have a $1.9M house and drive a $20k Honda sedan. My neighbors have shinier toys, but really, it’s all a drop in the bucket...
by FireProof
Mon Mar 15, 2021 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Is 7K mortgage a month too much for 13K (combined) post tax monthly income?
Replies: 101
Views: 8847

Re: Is 7K mortgage a month too much for 13K (combined) post tax monthly income?

Absolutely fine. Percentages are meaningless - just because a house in the Bay Area is 5x in other area doesn't mean anything else is significantly more expensive. The leftover take-home will still be a very large amount of money, more than most American families live on total, even WITH housing, pl...
by FireProof
Thu Mar 11, 2021 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Renting for life - a bad idea?
Replies: 154
Views: 11016

Re: Renting for life - a bad idea?

This question actually has a simple answer. No, renting for life is not inherently a bad idea.
by FireProof
Tue Feb 23, 2021 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Any expats retired in europe? How much needed to retire?
Replies: 134
Views: 18227

Re: Any expats retired in europe? How much needed to retire?

Cost in London are a bit different than in the Italian countryside where they are giving away $1 houses, so hard to say. The only constant will be that medical care will be much cheaper and electronics a bit more expensive. I'd say other consumer goods like clothing tend to have somewhat cheaper opt...
by FireProof
Fri Feb 19, 2021 12:10 am
Forum: Personal Finance (Not Investing)
Topic: To purchase a California home or move out of state?
Replies: 88
Views: 7439

Re: To purchase a California home or move out of state?

As long as you're leaving your friends/family behind already, I would look into places outside of the US.You will be able to find much better weather and much better value for price which will give you a lot of flexibility on other things.
by FireProof
Tue Feb 16, 2021 2:02 am
Forum: Personal Investments
Topic: 18 to 100 percent annual return fund
Replies: 145
Views: 12056

Re: 18 to 100 percent annual return fund

It is interesting that many bogleheads here believe that you cannot beat the market or get 100% returns. I went with a stock picking service last year that does earnings plays and made close to $36k on a $30k investment ($60k investment if you consider the extra $30k padding that I added to avoid m...
by FireProof
Thu Feb 04, 2021 10:32 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4557
Views: 228860

Re: [GameStop GME trading mega-thread]

Full disclosure: I paid $300 to learn that I won’t buy individual stocks ever again. Cheap lesson. :sharebeer I'm not sure that's the lesson. Quality individual stocks can be fun and rewarding. Do your research, make informed decisions, ignore the angry couch potatoes. Maybe that's not the lesson h...
by FireProof
Wed Jan 27, 2021 2:40 pm
Forum: Investing - Theory, News & General
Topic: PSA for 3 funds folks: Did you pass the "Buy, Hold, and Rebalance" Test on March 2020?
Replies: 135
Views: 4948

Re: PSA for 3 funds folks: Did you pass the "Buy, Hold, and Rebalance" Test on March 2020?

To be honest, no - haven't sold anything at all in years, but I don't hold bonds, so rebalancing is not as valuable - everything is pretty correlated. When put in new funds/dividends, I tend towards rebalancing, but not systematically.
by FireProof
Wed Jan 27, 2021 2:33 pm
Forum: Personal Investments
Topic: Any boring investors left?
Replies: 223
Views: 13513

Re: Any boring investors left?

In an uninterrupted bull market, every high-risk strategy tends to work, so more and more people pile into them at higher and higher prices. The entire market is a little bit like GameStop right now, but fortunately it also has some real value hidden in there! Of course, we have no idea how the corr...
by FireProof
Tue Jan 26, 2021 8:21 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4557
Views: 228860

Re: GameStop GME: anyone joining?

There are worse outlets/communities for alienated young men, as we've seen recently. Financially ruinous for many, perhaps, but they seem to take it in stride.
by FireProof
Thu Jan 21, 2021 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Millionaire Parents: Do Your Kids Know You're Rich?
Replies: 194
Views: 11090

Re: Millionaire Parents: Do Your Kids Know You're Rich?

Better question: do the parents know they’re rich? Yup, pretty much no American below like the top 0.1% will admit to being rich, they are "upper middle class." If they have 9 million, then 10 million is the cutoff for being rich. If they make 400k per year, then 500k/year is the cutoff. ...
by FireProof
Fri Aug 28, 2020 6:50 pm
Forum: Investing - Theory, News & General
Topic: Bear Cub Smells Bubble
Replies: 406
Views: 30535

Re: Bear Cub Smells Bubble

Contrary to your post, everyone I meet is saying stocks are clearly overvalued, so maybe they are OK.
by FireProof
Fri Aug 21, 2020 3:46 pm
Forum: Personal Consumer Issues
Topic: Vacationing safely in the era of Covid - How did you do it?
Replies: 124
Views: 9980

Re: Vacationing safely in the era of Covid - How did you do it?

Yeah, the plane may be OK (I'm no expert), but the airport ain't great. We had 15 people bunched up waiting to go through a single scanner at security. Took me 10 minutes between putting my stuff through the belt and getting to the other side (in which time someone had rifled through my wallet, inci...
by FireProof
Wed Aug 05, 2020 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: College tuitions and how to help our daughter pay them
Replies: 85
Views: 5100

Re: College tuitions and how to help our daughter pay them

S0 20K/year for tuition/books/living expenses? Do all you posters saying "forget college, it's simply too expensive," realize that's not really any more than living costs/year WITHOUT going to college and getting a valuable degree? The only real opportunity cost is the terrible jobs availa...
by FireProof
Mon Aug 03, 2020 9:10 pm
Forum: Investing - Theory, News & General
Topic: [Direxion’s QMJ long short fund]
Replies: 50
Views: 2640

Re: [Direxion’s QMJ long short fund]

NTSXsim vs QMJsim As stated, these are simulated results so take with a grain of salt when setting your future expectations. Nice, thanks for that... I was just curious. It does seem rather impressive... It seems to have diverged significantly from S&P500 after 2000, but didn't do the same, so ...
by FireProof
Fri Jul 31, 2020 10:10 pm
Forum: Personal Consumer Issues
Topic: Does a couple really "need" an SUV?
Replies: 225
Views: 12750

Re: Does a couple really "need" an SUV?

No couple has ever survived without one so far, but hey, maybe you'll be the first?
by FireProof
Fri Jul 31, 2020 10:03 pm
Forum: Personal Investments
Topic: 28 year old with $1.4 million in cash investing for the first time. My thoughts.
Replies: 72
Views: 10602

Re: 28 year old with $1.4 million in cash investing for the first time. My thoughts.

Even at 3%, $42,000/year (almost tax-free) for a single person with no tethers to an expensive place gives you well-above average disposable income. Your main problem seems to be health insurance. It's expensive and getting more expensive, and you won't even have Social Security after retirement, wh...
by FireProof
Wed Jul 29, 2020 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Adding Canadian Citizenship - any downsides?
Replies: 99
Views: 7689

Re: Adding Canadian Citizenship - any downsides?

Briefly mentioned already, but traveling on a Canadian passport might prove a benefit. For example, before the current right wing governments (and quite likely again after), Brazil and Bolivia both required Americans to apply for a visa well in advance and pay fees, while Canadians could enter for f...
by FireProof
Mon Jul 27, 2020 1:41 am
Forum: Investing - Theory, News & General
Topic: Who's doing 100% international equity?
Replies: 129
Views: 18085

Re: Who's doing 100% international equity?

I've been completely out of the US since mid-March. I was sure that the US would eventually be the hardest hit by coronavirus, and yet other markets had dropped more at the time since it hadn't really reached the US yet (crazy to think there were 20-something deaths per day, and it seemed significan...
by FireProof
Wed Jul 22, 2020 12:08 am
Forum: Personal Consumer Issues
Topic: Recommend 3 southern locales to retire!
Replies: 86
Views: 9956

Re: Recommend 3 southern locales to retire!

In the US you have a choice between very humid but not too expensive places (southeast) and not humid but expensive (California). CA has the best weather by far. I don't live there. My parents had a place in GA. I thought it was unliveable much of the year because of heat and humidity (although the...
by FireProof
Tue Jul 21, 2020 4:37 pm
Forum: Personal Consumer Issues
Topic: Advice on a more livable place
Replies: 145
Views: 12621

Re: Advice on a more livable place

Southern Oregon, near Eugene (or perhaps Ashland). Mild weather 10 months a year (and even December and January will seem warm after Chicago), mix of university types, coastal hippie types, huntin', fishin' God/country types, a modest influx of Californians, mid-sized cities with amenities but no tr...
by FireProof
Mon Jul 20, 2020 12:58 pm
Forum: Personal Consumer Issues
Topic: When to take a sabbatical year (as my kids grow up)
Replies: 29
Views: 2648

Re: When to take a sabbatical year (as my kids grow up)

I have experience from the kid's perspective - when I would have been in 6th grade and my sister would have been in kindergarten. It's a bit different from your plans, because while the family did travel extensively through France and Italy, we attended most of a school year in France (just creating...
by FireProof
Fri Jul 17, 2020 12:58 pm
Forum: Investing - Theory, News & General
Topic: Often overlooked aspect of backtesting: contributions
Replies: 11
Views: 871

Re: Often overlooked aspect of backtesting: contributions

That has nothing to do with the long-term return of the investment, just about timing luck - a lot of the return of the small-cap must have been early on, when there was barely anything invested, so it was mostly irrelevant. It's possibility true that small-cap, being more volatile, is more prone to...
by FireProof
Tue Jul 14, 2020 8:45 pm
Forum: Personal Consumer Issues
Topic: 4-year-old Corolla on long trip
Replies: 51
Views: 3729

Re: 4-year-old Corolla on long trip

Drove my 2001 Toyota Avalon with 200,000 miles on it 800 miles a few weeks ago (NorCal to Oregon). By mile 600, the check engine light came on, oil was bone dry. Over the rest of the trip and the drive back (a week later and a little longer, since we took a detour to Lassen), it sucked down quarts o...
by FireProof
Mon Jul 06, 2020 4:31 pm
Forum: Personal Consumer Issues
Topic: Thinking of buying myself a luxury item.. Is LV wallet a legit purchase?
Replies: 153
Views: 8209

Re: Thinking of buying myself a luxury item.. Is LV wallet a legit purchase?

For me treating or rewarding myself would be buying something expense that I've wanted, but haven't allowed myself because of the price, not just seeking out something overpriced to spend money on. Obviously tastes vary, but the fact that the only reason you mentioned wanting it was the brand makes ...
by FireProof
Tue Jun 23, 2020 1:34 am
Forum: Investing - Theory, News & General
Topic: Top 10 Things Bogleheads Get Wrong - White Coat Investor
Replies: 143
Views: 15815

Re: Top 10 Things Bogleheads Get Wrong - White Coat Investor

Seems strange to call Bogleheads staid and close-minded when they have embraced a 300% leverage portfolio.
by FireProof
Fri May 29, 2020 5:03 pm
Forum: Personal Consumer Issues
Topic: New iPhone SE?? has anyone bought and used one?
Replies: 30
Views: 2694

Re: New iPhone SE?? has anyone bought and used one?

Long time Android/Google lover... don't LOVE this phone. Terrible in lots of ways... BUT I got it because 1) Update for 4-5 years 2) $400 (well less after rebates). Can't justify paying $800+ for an Android phone that get's updates for 2 years (sometimes less). Phone is fast, screen is crap but it ...
by FireProof
Thu May 28, 2020 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Simple jobs during FATFire?
Replies: 152
Views: 11137

Re: Simple jobs during FATFire?

I'm already morbidly obese. Now I just need to get my hands on some cash.
by FireProof
Thu May 28, 2020 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 320
Views: 18953

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

Can those who are actually familiar with the Bay Area suggest where the OP should move to to get access to the "good" public schools? And how much it would cost to buy into those areas? I live in San Mateo, my house is $1.9M and my public high school is nowhere close to a "good"...
by FireProof
Thu May 07, 2020 1:00 pm
Forum: Investing - Theory, News & General
Topic: All my friends are outperforming index funds
Replies: 122
Views: 11810

Re: All my friends are outperforming index funds

As long as you are fully invested in any particular play, you are about as likely as not to beat the market, certainly over a single market cycle, which can last years (e.g. a good run for growth stocks, or small cap, or tech). The real danger is when people try to beat the market by timing it. Firs...
by FireProof
Thu Apr 30, 2020 2:01 pm
Forum: Investing - Theory, News & General
Topic: Are gamblers using the market now that casinos are closed?
Replies: 46
Views: 3344

Re: Are gamblers using the market now that casinos are closed?

mega317 wrote: Thu Apr 30, 2020 12:02 pm I don't see the draw. In a casino you have a real chance of losing all of your money or doubling it in a few hours or less. That just ain't going to happen with a stock. Booooring.
You're not investing in the right stocks and/or options!
by FireProof
Thu Apr 30, 2020 1:55 pm
Forum: Investing - Theory, News & General
Topic: ??? Thomas Stanley - Stop Acting Rich book
Replies: 121
Views: 13729

Re: ??? Thomas Stanley - Stop Acting Rich book

... Now, while it's true it takes fewer high-income farmers than high-income physicians to produce 100 millionaires, the chance of becoming a millionaire is still much higher among physicians. Yes, but the farmers are much better at it individually. This isn’t a study on which profession creates th...
by FireProof
Sat Apr 25, 2020 2:45 pm
Forum: Personal Consumer Issues
Topic: Costco Delivery
Replies: 41
Views: 5867

Re: Costco Delivery

In the morning in Silicon Valley, through https://sameday.costco.com/ there is always five-hour delivery (and they've always met this promise). I actually just ordered about 1 hour ago, and it already came. Sometimes if you try later in the day, it is "Flexible Next Day" delivery, which is...
by FireProof
Thu Apr 16, 2020 9:17 pm
Forum: Investing - Theory, News & General
Topic: whos' just about had it w/ SCV ?
Replies: 263
Views: 17550

Re: whos' just about had it w/ SCV ?

If you thought it was a good investment before, the longer the underperformance, the better an investment it becomes. If you don't understand that logic, you should definitely never have done anything besides buy total market, because you're part of that very large group of (to me, alien) investors ...
by FireProof
Thu Mar 19, 2020 10:32 pm
Forum: Personal Investments
Topic: I knew this was going to happen and did nothing...
Replies: 107
Views: 10364

Re: I knew this was going to happen and did nothing...

At your age, why do you feel that you should have changed your long-term stock allocation due to a short-term market drop? Or do you think the pandemic is going to permanently change the market? Well, if he truly knew there would be a drop, he could have sold, then bought back in after the drop. Ma...
by FireProof
Sun Mar 15, 2020 2:57 pm
Forum: Personal Consumer Issues
Topic: Are you still going to the gym ...
Replies: 210
Views: 12921

Re: Are you still going to the gym ...

I understand that I am far more likely to catch the seasonal flu than Covid 19. Therefore, I am going to the gym the same number of times I've always been going. I will continue to wipe down the equipment before and after use just as I've always done. The gym has provided wipe stations near the equ...
by FireProof
Sun Mar 15, 2020 2:23 pm
Forum: Personal Consumer Issues
Topic: Are you still going to the gym ...
Replies: 210
Views: 12921

Re: Are you still going to the gym ...

I understand that I am far more likely to catch the seasonal flu than Covid 19. Therefore, I am going to the gym the same number of times I've always been going. I will continue to wipe down the equipment before and after use just as I've always done. The gym has provided wipe stations near the equ...
by FireProof
Tue Feb 25, 2020 10:11 pm
Forum: Personal Consumer Issues
Topic: Postponed travel due to Corona Virus. Am I am overreacting ?
Replies: 232
Views: 24521

Re: Postponed travel due to Corona Virus. Am I am overreacting ?

The UK will be a much safer place to be in the face of coronavirus than the US. Bottom line, the British health system is much more effective than the US in patient outcomes at the median and especially at the bottom. For a pandemic, this latter is particularly important, since a significant untreat...
by FireProof
Thu Feb 20, 2020 5:46 pm
Forum: Personal Consumer Issues
Topic: HS Latin or Spanish/ASL?
Replies: 63
Views: 2647

Re: HS Latin or Spanish/ASL?

Doesn't really matter - you won't learn a foreign language in an American high school. That 4th academic year is worth a week or two of actual learning.
by FireProof
Thu Feb 20, 2020 5:40 pm
Forum: Personal Consumer Issues
Topic: New Grad with fashion design degree looking for job in that field
Replies: 99
Views: 4184

Re: New Grad with fashion design degree looking for job in that field

I would say no situation in life is so bad as to recommend an accounting degree! And my wife had no interest in or training in fashion, yet now it has worked out that many of her largest and best-paying clients are in fashion, simply because there are a lot of massive, profitable companies wholly or...
by FireProof
Wed Feb 12, 2020 10:50 am
Forum: Personal Consumer Issues
Topic: What are your not free but still frugal hobbies?
Replies: 157
Views: 13601

Re: What are your not free but still frugal hobbies?

Tennis: A couple of rackets at $60 each last for years. Cans of balls for $2 a pop at Costco, use them at least 3 or 4 times each. String with a modern, playable co-poly, so almost never have to restring. Public courts are free.
by FireProof
Wed Feb 05, 2020 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Couples w/ kids: What is/was the most expensive time period of your life?
Replies: 145
Views: 12475

Re: Couples w/ kids: What is/was the most expensive time period of your life?

For me: Most expensive 1. College 2. Preschool 3. High school 4. Elementary school But then, I wasn't a greedy child (and my parents would have been willing to say no). But I have a relative in high school whose parents buy her all the expensive sneakers she wants (2 or 3 pairs per month), the lates...
by FireProof
Tue Feb 04, 2020 11:09 am
Forum: Investing - Theory, News & General
Topic: Why many inheritances don't last past 3 generations
Replies: 144
Views: 18241

Re: Why many inheritances don't last past 3 generations

Any historical data is fairly out-of-date, I would say. For pretty much all of history, the average family would have 4+ kids. If 3 generations are 64+ great-grandchildren, dilution is pretty severe (even in primogeniture, the lucky son would still have some kind of duty to aids his less fortunate c...
by FireProof
Wed Jan 29, 2020 11:03 pm
Forum: Personal Consumer Issues
Topic: Should I install modern water savings toilet in old building? Plumber says absolutely NOT TO
Replies: 52
Views: 5716

Re: Should I install modern water savings toilet in old building? Plumber says absolutely NOT TO

I have heard of similar issues, it is a real thing, depending on the overall construction of the lines, which you probably have no good way to learn about. Next best option is ask around to see if anyone else has upgraded, how many, and results, although I imagine approaching fellow tenants whom yo...
by FireProof
Fri Jan 24, 2020 8:58 am
Forum: Investing - Theory, News & General
Topic: Isn’t Inflation Much Larger Than 2%?
Replies: 289
Views: 19849

Re: Isn’t Inflation Much Larger Than 2%?

A lot of confirmation bias, and it makes sense, because housing and health insurance is very visible. But other things have gotten more affordable over the years. Food (that is, staples) nowadays is so ridiculously cheap it is amazing anyone could starve.
by FireProof
Tue Jan 21, 2020 11:53 am
Forum: Personal Consumer Issues
Topic: Tell me about Chile/Argentina
Replies: 27
Views: 3590

Re: Tell me about Chile/Argentina

In Chile, I would recommend renting a 4-wheel drive and driving the Carretera Austral (completely virgin landscapes, glaciers, active volcanoes, cruises through fjords, waterfalls, wild hot springs, the marble cathedral, etc), ending at General Carrera Lake, then coming back through Argentina (Welsh...
by FireProof
Thu Dec 12, 2019 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Debited twice for single ATM withdrawal
Replies: 3
Views: 623

Debited twice for single ATM withdrawal

While traveling in Mexico, I made a withdrawal from the ATM of a major Mexican bank (using my Charles Schwab card). The next day, I happened to be looking at my transaction history, and I noticed that it showed three separate ATM withdrawals for the same amount! One of them had been reversed, but st...