Search found 5521 matches

by EnjoyIt
Sun Apr 11, 2021 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone contemplating OLY (One Less Year)?
Replies: 42
Views: 3156

Re: Anyone contemplating OLY (One Less Year)?

For most people, doing OMY is for money. Even if they don't need money, more money does not hurt. More money gives you more safety, more options to spend (or not) in the future, can do a lot of things with more money. Many people do not want to admit, but that is the truth under some grander disgui...
by EnjoyIt
Sat Apr 10, 2021 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone contemplating OLY (One Less Year)?
Replies: 42
Views: 3156

Re: Anyone contemplating OLY (One Less Year)?

We went part time a few years back when we hit X earlier than expected. The goal was always part time and we did it about 1-2 year earlier than projected. Great decision.
by EnjoyIt
Sat Apr 10, 2021 11:01 am
Forum: Investing - Theory, News & General
Topic: who here is tempted to pullback on stocks?
Replies: 238
Views: 46808

Re: who here is tempted to pullback on stocks?

It doesn't matter if you're investing for legacy reasons or for your own retirement: increasing risk as time goes by is a backward approach. In any event, it's a 5% difference, so it isn't going to matter much in the long run. You just seem to be overthinking this. It's called a rising glide path: ...
by EnjoyIt
Sat Apr 10, 2021 9:01 am
Forum: Investing - Theory, News & General
Topic: who here is tempted to pullback on stocks?
Replies: 238
Views: 46808

Re: who here is tempted to pullback on stocks?

It doesn't matter if you're investing for legacy reasons or for your own retirement: increasing risk as time goes by is a backward approach. In any event, it's a 5% difference, so it isn't going to matter much in the long run. You just seem to be overthinking this. It's called a rising glide path: ...
by EnjoyIt
Fri Apr 09, 2021 12:51 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2866
Views: 454859

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I previously did a transfer from Fido to Ally, and my cost basis got mixed up as average cost (even though tracked as specific ID in Fidelity), and nobody on Fido or Ally seem to be able to fix it. Has someone successfully transferred mutual funds to Ally while keeping SpecID cost information intac...
by EnjoyIt
Thu Apr 08, 2021 10:47 am
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 161
Views: 18701

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

I'm planning on: Current expenses + $25k annually for healthcare + $15-20k over current expenses annually for traveling. This is very similar to how I see it. $20k for health care with a $6k deductible. $24k on travel. Once the mortgage is paid off, living expenses at home are just not that high. T...
by EnjoyIt
Thu Apr 08, 2021 10:37 am
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 305
Views: 38167

Re: Family member has one million in one stock , doesn't want to cash out

Hello all, My dad just told me he has surpassed one million in Tesla . He's 60 years old , 5 years left to retirement. Has a total portfolio of 3 million and RE worth 2 million. His portfolio holdings consist of individual companies such as Tesla , apple, Nvidia , AMD , GE and some other companies....
by EnjoyIt
Thu Apr 08, 2021 10:30 am
Forum: Investing - Theory, News & General
Topic: who here is tempted to pullback on stocks?
Replies: 238
Views: 46808

Re: who here is tempted to pullback on stocks?

I wonder, if one is financially independent, has won the game, has 10 years in bonds, but still employed for various reasons. Why hold more bonds? 10 years is a long time. Maybe it’s okay to drift past a 60/40 portfolio (10 years in bonds.) maybe it’s okay to change one’s IPS to go from 60/40 to 10 ...
by EnjoyIt
Wed Apr 07, 2021 8:30 pm
Forum: Personal Consumer Issues
Topic: Insane to buy a sports car?
Replies: 234
Views: 15676

Re: Insane to buy a sports car?

Congrats on your decision.

It’s kinda funny how reading this thread makes me want to get a sports car.
by EnjoyIt
Wed Apr 07, 2021 8:26 pm
Forum: Investing - Theory, News & General
Topic: who here is tempted to pullback on stocks?
Replies: 238
Views: 46808

Re: who here is tempted to pullback on stocks?

I know that bogleheads do not time the market. This thread isn't for you, or the "stay the course" comments. I know that, i get that, and I live that. My question is simply - if you are tempted to take profits and shift some to cash, are you going to do it or are you going to resist? I am...
by EnjoyIt
Wed Apr 07, 2021 4:15 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard solo 401k to allow incoming rollovers?!
Replies: 33
Views: 2743

Re: Vanguard solo 401k to allow incoming rollovers?!

Good to hear, but a little too late. I just moved my 401k to E*TRADE a few months back for this exact reason. It’s a shame because I would prefer to have stayed with Vanguard but I guess the E*TRADE signup bonus was pretty nice as well.
by EnjoyIt
Mon Apr 05, 2021 9:10 am
Forum: Investing - Theory, News & General
Topic: Bitcoin Resources for Patient/Curious Bogleheads
Replies: 272
Views: 13254

Re: Bitcoin Resources for Patient/Curious Bogleheads

Something I am curious about that I can’t find an answer to. All this crypto lending and staking that provides such high interests rates; who is doing the borrowing and what are they buying with that money? With non-crypto borrowing interest rate being so low who would borrow at the cryptos going r...
by EnjoyIt
Sat Apr 03, 2021 2:46 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin Resources for Patient/Curious Bogleheads
Replies: 272
Views: 13254

Re: Bitcoin Resources for Patient/Curious Bogleheads

Something I am curious about that I can’t find an answer to. All this crypto lending and staking that provides such high interests rates; who is doing the borrowing and what are they buying with that money? With non-crypto borrowing interest rate being so low who would borrow at the cryptos going r...
by EnjoyIt
Sat Apr 03, 2021 11:41 am
Forum: Investing - Theory, News & General
Topic: Bitcoin Resources for Patient/Curious Bogleheads
Replies: 272
Views: 13254

Re: Bitcoin Resources for Patient/Curious Bogleheads

Something I am curious about that I can’t find an answer to. All this crypto lending and staking that provides such high interests rates; who is doing the borrowing and what are they buying with that money? With non-crypto borrowing interest rate being so low who would borrow at the cryptos going ra...
by EnjoyIt
Fri Apr 02, 2021 1:45 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin Resources for Patient/Curious Bogleheads
Replies: 272
Views: 13254

Re: Bitcoin Resources for Patient/Curious Bogleheads

One of the general recommendation is to put just 1% of your net worth into Bitcoin. When the time came, I couldn't do it, so I put in .5%. That was last Aug. That .5% is now 10.5%. It was over 12% at bitcoin's recent high. This is all since Aug 2020. :shock: With only .5% of skin in the game and mo...
by EnjoyIt
Thu Apr 01, 2021 10:39 am
Forum: Personal Consumer Issues
Topic: Epipen if paying out of pocket / high deductible ins
Replies: 15
Views: 1335

Re: Epipen if paying out of pocket / high deductible ins

There are cheaper alternatives including good old needle and syringe but whatever you get make sure you are 100% able to use it during intense panic. Make sure your kid knows how to use it and your spouse. This option is least expensive, although one needs to be able to pull the medication out of t...
by EnjoyIt
Tue Mar 30, 2021 11:10 am
Forum: Investing - Theory, News & General
Topic: Bitcoin Resources for Patient/Curious Bogleheads
Replies: 272
Views: 13254

Re: Bitcoin Resources for Patient/Curious Bogleheads

I go back and forth between wanting to sell to lock in gains and wanting to buy more because the use case for bitcoin remains the same What is the use case for bitcoin? What problem do I have that is solved by bitcoin? What problem do YOU have that is solved by bitcoin? To store and transfer value....
by EnjoyIt
Tue Mar 30, 2021 8:45 am
Forum: Investing - Theory, News & General
Topic: Bitcoin Resources for Patient/Curious Bogleheads
Replies: 272
Views: 13254

Re: Bitcoin Resources for Patient/Curious Bogleheads

I go back and forth between wanting to sell to lock in gains and wanting to buy more because the use case for bitcoin remains the same What is the use case for bitcoin? What problem do I have that is solved by bitcoin? What problem do YOU have that is solved by bitcoin? To store and transfer value....
by EnjoyIt
Mon Mar 29, 2021 11:50 am
Forum: Investing - Theory, News & General
Topic: Bitcoin Resources for Patient/Curious Bogleheads
Replies: 272
Views: 13254

Re: Bitcoin Resources for Patient/Curious Bogleheads

One of the general recommendation is to put just 1% of your net worth into Bitcoin. When the time came, I couldn't do it, so I put in .5%. That was last Aug. That .5% is now 10.5%. It was over 12% at bitcoin's recent high. This is all since Aug 2020. :shock: With only .5% of skin in the game and mo...
by EnjoyIt
Mon Mar 29, 2021 6:55 am
Forum: Investing - Theory, News & General
Topic: Bitcoin Resources for Patient/Curious Bogleheads
Replies: 272
Views: 13254

Re: Bitcoin Resources for Patient/Curious Bogleheads

For years, I have been learning and watching bitcoin exist. Frankly I am surprised it has reached the value that it has today. It really serves no functional legal purpose yet people want it and have driven the price to $60k in just a few short months. Even the biggest cryptocurrency proponents clai...
by EnjoyIt
Thu Mar 25, 2021 8:42 am
Forum: Personal Consumer Issues
Topic: courses/classes in card games - the basics?
Replies: 39
Views: 3045

Re: courses/classes in card games - the basics?

I guess I hate how in play money you will find 5 people going all in with you preflop when you have AA and they all have some garbage. Of course AA isn’t all that great against 5 random hands. That’s not fun and teaches you nothing. I agree. I guess the only good thing is because most of the player...
by EnjoyIt
Thu Mar 25, 2021 8:35 am
Forum: Personal Investments
Topic: Transferring entire 500k taxable account to Bitcoin?
Replies: 169
Views: 9573

Re: Transferring entire 500k taxable account to Bitcoin?

Is this similar to the irrational exuberance of 1997? If you want to gamble some of your money, then go ahead and good luck. All of it is irrational. Just out of curiosity? What odds are you giving Bitcoin will continue to take off? 90%, 95%? More or less? How would you be if the 5-10% chance that i...
by EnjoyIt
Wed Mar 17, 2021 10:38 am
Forum: Personal Consumer Issues
Topic: courses/classes in card games - the basics?
Replies: 39
Views: 3045

Re: courses/classes in card games - the basics?

Online makes the most sense. Pokerstars has play-money games, as does America's Cardroom and a whole host of others. If I were starting out, Ed Miller would be one to read. He wrote a book called, "Getting Started in Holdem". I haven’t read it, but have read others of his, and bet it woul...
by EnjoyIt
Tue Mar 16, 2021 12:20 pm
Forum: Investing - Theory, News & General
Topic: Talk me out of a 60/40 AA
Replies: 116
Views: 20333

Re: Talk me out of a 60/40 AA

Your wealth is currently $650k and you save $150k/yr. If you are 100% in equities a 50% drop will have you go down by $325k. You can easily make that up in 2 years of savings and won't really affect you too much. Now picture yourself 10 years from now. The markets have returned 5% a year and you sa...
by EnjoyIt
Mon Mar 15, 2021 9:43 am
Forum: Personal Consumer Issues
Topic: courses/classes in card games - the basics?
Replies: 39
Views: 3045

Re: courses/classes in card games - the basics?

Harrington on hold em revolutionized my game for me. I am a much much better player because of those books. I also recommend you do not learn by playing online play money games. But, feel free to play some low stakes cash games to get a feel for the game as well as practicing doing math quickly. Eve...
by EnjoyIt
Mon Mar 15, 2021 12:14 am
Forum: Personal Consumer Issues
Topic: water pipe leaking
Replies: 51
Views: 3504

Re: water pipe leaking

Plumbing rates in my area are over $250 / hr. And that includes bad plumbers. I just had a slab leak and had two different plumbers do a reroute, and that's what both cost (and I received multiple quotes). $1800 for 6 hours of work including materials. The 2nd plumber didn't even insulate the hot w...
by EnjoyIt
Sun Mar 14, 2021 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: S-Corp 1120S PPP/forgiveness reporting ?
Replies: 10
Views: 1153

Re: S-Corp 1120S PPP/forgiveness reporting ?

Lieutenant.Columbo wrote: Sun Mar 14, 2021 11:53 am Should the the PPP amount be entered in 1120-S Schedule K Line 16(b) "Other tax-exempt income"?
I don't ave an answer to your question but bumping it for you as I am also a sole proprietor S corp and have yet to do my taxes with regards to PPP.
by EnjoyIt
Sat Mar 13, 2021 10:29 am
Forum: Personal Finance (Not Investing)
Topic: If you hit your # would you retire in this market?
Replies: 68
Views: 7687

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

Hitting your number is not the only reason to retire. I've been over 25X spending for many years. DW just went from a per diem job to full time last spring. I'm still working full time. We're right at 50 times spending in liquid assets plus the paid off house, 4 paid off cars and 2 kids now working...
by EnjoyIt
Fri Mar 12, 2021 6:41 pm
Forum: Personal Investments
Topic: Chase You Invest for buying Vanguard Funds?
Replies: 17
Views: 1155

Re: Chase You Invest for buying Vanguard Funds?

tibbitts wrote: Fri Mar 12, 2021 6:09 pm
EnjoyIt wrote: Fri Mar 12, 2021 4:37 pm I currently hold VTSAX at chase you invest. It was purchased fee free.
Was it purchased recently, though?
Within the last 6 months.
by EnjoyIt
Fri Mar 12, 2021 5:56 pm
Forum: Investing - Theory, News & General
Topic: Does it feel bubbly to you?
Replies: 214
Views: 15648

Re: Does it feel bubbly to you?

Rather than dressing it up as market timing I think many people are falling into the camp of "my NW has sky rocketed, perhaps I have won the game, why shouldn't I take some chips off the table?". At least those are the thoughts I am pondering. If you have a set AA then you probably are do...
by EnjoyIt
Fri Mar 12, 2021 4:37 pm
Forum: Personal Investments
Topic: Chase You Invest for buying Vanguard Funds?
Replies: 17
Views: 1155

Re: Chase You Invest for buying Vanguard Funds?

5 months is a long time to finish investing, especially with the money just sitting there. If it is long term, maybe going little faster may help. I also invest in VWIUX, and I also felt loyalty towards Fidelity as we always use them, but when Fidelity rep told me, there is $75 fee for buying it, I...
by EnjoyIt
Fri Mar 12, 2021 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: If you hit your # would you retire in this market?
Replies: 68
Views: 7687

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

Thanks for the replies. I really meant for the discussion to revolve around the thread title and not specifically whether I should retire. I have decided it is not for me in the near term. I gave my story of coming to investing through FIRE to try to explain how strange the market feels right now t...
by EnjoyIt
Fri Mar 12, 2021 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: If you hit your # would you retire in this market?
Replies: 68
Views: 7687

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

In my opinion, I gather 25x is probably OK. Especially if you have a decent amount of bonds to live off of for a few years if the markets tumble. Even more so if 25x includes a decent amount of discretionary expenses. Despite that "OK," I too would be uncomfortable retiring while the pande...
by EnjoyIt
Fri Mar 12, 2021 12:21 pm
Forum: Personal Consumer Issues
Topic: Audio Receiver Recommendations
Replies: 49
Views: 3470

Re: Audio Receiver Recommendations

Hi Bogleheads, I recently purchased a new home which has ceiling speakers installed (3 front, 2 back) for surround sound effect in the living room. There are two ceiling speakers each, installed in the patio and the formal dining room. I am told that I need an audio receiver to make the connection ...
by EnjoyIt
Tue Mar 09, 2021 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Renting for life - a bad idea?
Replies: 154
Views: 11012

Re: Renting for life - a bad idea?

In general, over the grand scheme of things on average buying is better than renting over long term. But that is because landlords are in the business of making money and in general on average over long term they will not rent for a loss. For a single person it all depends and luck plays a huge role...
by EnjoyIt
Mon Mar 08, 2021 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Whole life insurance - tax law changes may make it more attractive
Replies: 27
Views: 2169

Re: Whole life insurance - tax law changes may make it more attractive

I suspect these will still be a bad deal for almost everyone... Yes, I'm guessing the whole life purveyors will likely swallow the vast majority of these benefits through fees. However, the small subset of high networth individuals who could create bespoke policies not subject to the same level of ...
by EnjoyIt
Mon Mar 08, 2021 10:22 am
Forum: Investing - Theory, News & General
Topic: "How S&P 500 Index Funds Can Make You A Millionaire"
Replies: 14
Views: 3068

Re: "How S&P 500 Index Funds Can Make You A Millionaire"

While the S&P is a great fund, the bigger part of equation in my opinion is The key, however, is to invest consistently and give yourself enough time to take advantage of compounded returns. https://www.fool.com/investing/2021/03/07/how-sp-500-index-funds-can-make-you-a-millionaire/ Time and co...
by EnjoyIt
Mon Mar 08, 2021 9:58 am
Forum: Investing - Theory, News & General
Topic: "How S&P 500 Index Funds Can Make You A Millionaire"
Replies: 14
Views: 3068

Re: "How S&P 500 Index Funds Can Make You A Millionaire"

While the S&P is a great fund, the bigger part of equation in my opinion is The key, however, is to invest consistently and give yourself enough time to take advantage of compounded returns. https://www.fool.com/investing/2021/03/07/how-sp-500-index-funds-can-make-you-a-millionaire/ Time and co...
by EnjoyIt
Mon Mar 08, 2021 9:19 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 5135
Views: 968268

Re: What's Your Credit Card Rewards Strategy?

My credit card rewards strategy is to not use a credit card. I get rewarded every month by not getting a credit card bill. Pretty sweet!!! You pay the higher cost that merchants charge everyone to offset the credit card fees they have to pay, but you prevent yourself from getting the rewards (cash ...
by EnjoyIt
Sun Mar 07, 2021 11:35 am
Forum: Investing - Theory, News & General
Topic: The bond market is a mess and there are no solutions!
Replies: 226
Views: 26822

Re: The bond market is a mess and there are no solutions!

The problem with VNQ is it holds a lot of the bad things I described. Really the only way to play REITs is with specific REITs, and unfortunately, the ones with the most promise for growth, have very high P/Es, which makes them very unattractive to me. I agree with you about VNQ. But the appropriat...
by EnjoyIt
Sun Mar 07, 2021 11:25 am
Forum: Investing - Theory, News & General
Topic: ARK investment
Replies: 267
Views: 24708

Re: ARK investment

What is disheartening, the mistakes I made before becoming a bogleheads permeate today due to no more compounding of that money. For example, $100k lost in 2011 instead of invested in a 80/20 life strategy fund would have cost the investor about $250k. I have had some serious losses in some darling...
by EnjoyIt
Sun Mar 07, 2021 10:01 am
Forum: Investing - Theory, News & General
Topic: ARK investment
Replies: 267
Views: 24708

Re: ARK investment

I don't really see hate on these boards. In fact these boards give me an increasingly rare sense of appreciation for the goodness of people. There is a profound opportunity here for free / invaluable advice from people who rarely if ever seem even the least bit annoyed at offering it to less experi...
by EnjoyIt
Sat Mar 06, 2021 10:52 pm
Forum: Investing - Theory, News & General
Topic: ARK investment
Replies: 267
Views: 24708

Re: ARK investment

Still holding. Not buying right now though. Maybe in the next 4-8 weeks. what happens in 4-8 weeks? Time passes. Timing the market successfully is hard. Yeh, I don't think any purchase of a stock or ETF is ever timed perfectly. All I mean by this is I'm increasing my savings rate this year, and wil...
by EnjoyIt
Sat Mar 06, 2021 9:36 pm
Forum: Investing - Theory, News & General
Topic: ARK investment
Replies: 267
Views: 24708

Re: ARK investment

MinnGuyInvesting wrote: Sat Mar 06, 2021 9:06 pm
watchnerd wrote: Sat Mar 06, 2021 7:53 pm
MinnGuyInvesting wrote: Sat Mar 06, 2021 7:44 pm

Still holding.
Not buying right now though. Maybe in the next 4-8 weeks.
what happens in 4-8 weeks?
Time passes.
Timing the market successfully is hard.
by EnjoyIt
Sat Mar 06, 2021 4:09 pm
Forum: Investing - Theory, News & General
Topic: Debt is a Negative Bond - The White Coat Investor
Replies: 542
Views: 27329

Re: Debt is a Negative Bond - The White Coat Investor

First of all, I do not keep an emergency fund. I have over 25x in expenses. Other than expected spending over the next 1-2 months, I do not keep cash available on hand. I do not have an emergency fund because my entire portfolio is my emergency fund. Plus, I am semi-retired and can tell my employer...
by EnjoyIt
Fri Mar 05, 2021 6:54 pm
Forum: Investing - Theory, News & General
Topic: Debt is a Negative Bond - The White Coat Investor
Replies: 542
Views: 27329

Re: Debt is a Negative Bond - The White Coat Investor

But that’s the point, no one knows when they will need their bonds. I could lose my job tomorrow and be unemployed for the next 3 years. Should I therefor buy bonds of multiple durations or maybe it’s just so much simpler to just buy one intermediate term bond fund and be done with it. Maybe you're...
by EnjoyIt
Fri Mar 05, 2021 5:15 pm
Forum: Investing - Theory, News & General
Topic: Debt is a Negative Bond - The White Coat Investor
Replies: 542
Views: 27329

Re: Debt is a Negative Bond - The White Coat Investor

The reality is that virtually all individual investors have an average bond duration which is shorter than their investment horizon. It's virtually impossible for anyone under the age of 50 to strictly follow a duration matching approach, given the paucity of bonds with more than 30 years to maturi...
by EnjoyIt
Fri Mar 05, 2021 4:52 pm
Forum: Investing - Theory, News & General
Topic: Debt is a Negative Bond - The White Coat Investor
Replies: 542
Views: 27329

Re: Debt is a Negative Bond - The White Coat Investor

That is only applicable if you don’t understand duration matching. My understanding is that in order for rising rates to pay off with higher returns someone likely needs to buy duration that is shorter than their timeline, which essentially means not following duration matching. The reality is that...
by EnjoyIt
Fri Mar 05, 2021 4:44 pm
Forum: Investing - Theory, News & General
Topic: Debt is a Negative Bond - The White Coat Investor
Replies: 542
Views: 27329

Re: Debt is a Negative Bond - The White Coat Investor

That is only applicable if you don’t understand duration matching. My understanding is that in order for rising rates to pay off with higher returns someone likely needs to buy duration that is shorter than their timeline, which essentially means not following duration matching. The reality is that...
by EnjoyIt
Fri Mar 05, 2021 3:28 pm
Forum: Investing - Theory, News & General
Topic: Debt is a Negative Bond - The White Coat Investor
Replies: 542
Views: 27329

Re: Debt is a Negative Bond - The White Coat Investor

That is only applicable if you don’t understand duration matching. My understanding is that in order for rising rates to pay off with higher returns someone likely needs to buy duration that is shorter than their timeline, which essentially means not following duration matching. The reality is that...