Search found 2378 matches

by sperry8
Wed Apr 14, 2021 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 193
Views: 10618

Re: "Nobody's ever regretted paying off the mortgage."

I see this argument a lot when people favor paying down their mortgage in place of taxable investing. I also see the argument that you wouldn't take a mortgage on a paid off house to invest. At least, most people wouldn't. So why would you invest rather than pay down the mortgage? This, to me, is a...
by sperry8
Tue Apr 13, 2021 9:54 am
Forum: Personal Consumer Issues
Topic: Oral surgeon said we were legally required to give SS#, then they got hacked
Replies: 50
Views: 5303

Re: Oral surgeon said we were legally required to give SS#, then they got hacked

I'm a rebel without a cause, but I always give a fake SS # in these situations. +1. In situations where the SSN is requested but doesn't seem legitimately needed, I have given out a number that is one number off from the correct one. They have yet to notify me that the number is wrong. I suppose th...
by sperry8
Sat Apr 10, 2021 7:51 pm
Forum: Personal Consumer Issues
Topic: Best Cell Carrier to Use in the US Temporary?
Replies: 14
Views: 875

Re: Best Cell Carrier to Use in the US Temporary?

Im from NYC if that matters. AT&T Prepaid is $30 for 5GB for a month. https://www.att.com/prepaid/plans/ Just to confirm. You just buy the sim... then pay that much for the month and thats it right? If you dont renew it for many months... its still fine such as you still going to have that numb...
by sperry8
Sat Apr 10, 2021 7:00 pm
Forum: Personal Consumer Issues
Topic: Best Cell Carrier to Use in the US Temporary?
Replies: 14
Views: 875

Re: Best Cell Carrier to Use in the US Temporary?

waltman300 wrote: Sat Apr 10, 2021 6:55 pm Im from NYC if that matters.
AT&T Prepaid is $30 for 5GB for a month. https://www.att.com/prepaid/plans/
by sperry8
Fri Apr 09, 2021 7:21 am
Forum: Personal Investments
Topic: I cant find anything better than S&P
Replies: 74
Views: 7881

Re: I cant find anything better than S&P

Just putting money in S&P is what I am doing. I tried to look into buying real estate Buying individual stocks and etc. But everything seems like a lot of hassle and more risk than just cruising with DCA into the market. Do you guys have any other suggestion where to put money? Domestically, se...
by sperry8
Tue Apr 06, 2021 2:14 pm
Forum: Personal Consumer Issues
Topic: No foreign fee, reimburse atm fee cards besides Schwab?
Replies: 33
Views: 2063

Re: No foreign fee, reimburse atm fee cards besides Schwab?

Seems only high level clients get reimbursements. And seems to say they do charge a 1% fee This has been covered so many times on this board. I can attest from personal experience as a non-high-level client that there is no foreign transaction fee. This is great information sir, I guess I'll just c...
by sperry8
Mon Apr 05, 2021 9:13 pm
Forum: Personal Consumer Issues
Topic: No foreign fee, reimburse atm fee cards besides Schwab?
Replies: 33
Views: 2063

Re: No foreign fee, reimburse atm fee cards besides Schwab?

Hi there, After searching around for a bit I have found that Schwab is basically the only provider that offers a no foreign transaction fee, reimburse all ATM fee debit card. I also had a Radius Bank account which also has no foreign fee and reimburses all ATM fees charged. But deposits take 5 days...
by sperry8
Mon Apr 05, 2021 9:11 pm
Forum: Personal Consumer Issues
Topic: No foreign fee, reimburse atm fee cards besides Schwab?
Replies: 33
Views: 2063

Re: No foreign fee, reimburse atm fee cards besides Schwab?

I know fidelity has cash management, and it does reimburses atm fees, but Fidelity charges a 1% foreign transaction fee . Fidelity does not charge a foreign transaction fee on ATM withdrawals, only on purchases. It also reimburses ATM fees daily, whereas IIRC Schwab does so monthly. From Fidelity's...
by sperry8
Tue Mar 30, 2021 9:53 am
Forum: Investing - Theory, News & General
Topic: What’s the correct diversification for high inflation?
Replies: 214
Views: 17768

Re: What’s the correct diversification for hyperinflation?

Maybe OP will be kind enough to follow up and clarify what kind of scenario he has in mind. It's a pet peeve of mine when someone starts a topic with a charged but vague question and then never comes back... Why can't the question be interpreted as hyperinflation under any scenario? Who knows what ...
by sperry8
Sun Mar 28, 2021 10:45 am
Forum: Investing - Theory, News & General
Topic: Stock Bubble? History Argues the Contrary
Replies: 124
Views: 10169

Re: Stock Bubble? History Argues the Contrary

Why the 1933 start date? Seems odd to pick a year that's a known stock market low point as the start date for your growth line. Doesn't seem to be have been a point that was "average" relative to growth starting in other years. Pick the high point in 1928ish... line would still go way up ...
by sperry8
Sun Mar 28, 2021 10:43 am
Forum: Personal Investments
Topic: The safest way to 7%?
Replies: 88
Views: 8331

Re: The safest way to 7%?

I am not understanding some of the responses here. I am clear about the inherent risk. In the investment markets if your goal was to invest as safely as you could with your intended goal to realize a 7% return over a 10 year period how would you do it? Personally, I would err on higher equity perce...
by sperry8
Sun Mar 28, 2021 9:20 am
Forum: Investing - Theory, News & General
Topic: Stock Bubble? History Argues the Contrary
Replies: 124
Views: 10169

Re: Stock Bubble? History Argues the Contrary

Why the 1933 start date? Seems odd to pick a year that's a known stock market low point as the start date for your growth line. Doesn't seem to be have been a point that was "average" relative to growth starting in other years. Pick the high point in 1928ish... line would still go way up ...
by sperry8
Sat Mar 27, 2021 7:11 pm
Forum: Investing - Theory, News & General
Topic: Stock Bubble? History Argues the Contrary
Replies: 124
Views: 10169

Re: Stock Bubble? History Argues the Contrary

Why the 1933 start date? Seems odd to pick a year that's a known stock market low point as the start date for your growth line. Doesn't seem to be have been a point that was "average" relative to growth starting in other years. Pick the high point in 1928ish... line would still go way up ...
by sperry8
Sun Mar 21, 2021 8:32 am
Forum: Investing - Theory, News & General
Topic: Why can't we have another 20 years of bull market?
Replies: 224
Views: 17966

Re: Why can't we have another 20 years of bull market?

Everybody everywhere is talking about a bubble. But why can't we have another 20 years of bull market? Starting about 20 years ago, there was 9/11, the 2000-02 dot.com crash, the 2008 global financial crisis, the March 2020 crash, and lots of near crashes and volatility along the way, all because o...
by sperry8
Thu Mar 18, 2021 10:43 am
Forum: Personal Consumer Issues
Topic: Should I redo my front yard and backyard landscaping?
Replies: 30
Views: 2278

Re: Should I redo my front yard and backyard landscaping?

That sounds worthwhile to me. I did things for my house that probably won't recoup the cost at resale (deep front porch, real fire brick fireplace, etc). But I really enjoy where I live and have been here a long time. You understand. Money is the tool. Money works for you. Do not become a slave to ...
by sperry8
Thu Mar 18, 2021 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Any long term early retirees here?
Replies: 41
Views: 6606

Re: Any long term early retirees here?

I retired in early 2007 and of course got hit hard by the subsequent market crash. Anyway, doing better than ever now 14 years later in my mid-50s (fortunately). I never really missed my career like some, it probably depends a lot on your personality. I have been posting on this board since its fou...
by sperry8
Thu Mar 18, 2021 10:24 am
Forum: Personal Consumer Issues
Topic: What is the BEST thing you spent money on?
Replies: 242
Views: 23735

Re: What is the BEST thing you spent money on?

A high end acoustic guitar. The sound of certain guitars are simply levels above mid and lower range ones.
by sperry8
Thu Mar 18, 2021 10:17 am
Forum: Investing - Theory, News & General
Topic: How to invest in an inflationary environment: real estate?
Replies: 18
Views: 1576

Re: How to invest in an inflationary environment: real estate?

The high inflation scenario is becoming more and more realistic, so I pumped up this thread to see whether we can get more discussions about this idea... Says who? I believe we are in a global deflationary environment... not inflationary. Look at worldwide interest rates - most are negative. Where ...
by sperry8
Wed Mar 17, 2021 4:04 pm
Forum: Personal Consumer Issues
Topic: USAA bad website changes
Replies: 14
Views: 1001

Re: USAA bad website changes

krafty81 wrote: Wed Mar 17, 2021 2:11 pm I need big fonts!
I use the zoom function in Brave (or Chrome). The browser remembers it by website and it enlarges everything (even fonts). I find 125% zoom to make the web so much more readable.
by sperry8
Sun Mar 14, 2021 10:18 am
Forum: Personal Investments
Topic: Fund performance beginning on a specific date?
Replies: 3
Views: 161

Re: Fund performance beginning on a specific date?

Hello Bogleheads, I am wondering if there is a site that I can look up find returns from a specific date. I have checked the usual sites, like Yahoo, Marketwatch, Portfolio Visualizer, Morningstar, and all of them allow to show performance from certain intervals (like 1d, 3m, 6m, YTD, 1y, 3y, and s...
by sperry8
Sat Mar 13, 2021 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: If you hit your # would you retire in this market?
Replies: 105
Views: 10895

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

I became passionate about investing through FIRE ambitions. I have come to enjoy my job and security that comes from it but I still think about my original plans from time to time. This past year I blew past my old # based off 25x annual expenses but for some reason these gains do not feel secure. ...
by sperry8
Sat Mar 13, 2021 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Bank account suggestions
Replies: 24
Views: 2029

Re: Bank account suggestions

Here are a few to consider, similar to Ally, with competitive products: - Marcus (Goldman Sachs) (savings, CDs) - CapitalOne - Discover - Amex (savings, CDs) DepositAccounts.com offers a complete list of banks. I'd go CapitalOne OP. They are semi-brick mortar and highly unlikely to fail (i.e., too ...
by sperry8
Thu Mar 11, 2021 2:51 pm
Forum: Personal Consumer Issues
Topic: Resubscribe to The Economist or switch to something else?
Replies: 32
Views: 2481

Re: Resubscribe to The Economist or switch to something else?

Far too expensive. I visit the library once a week and catch up for free! Ditto your other magazines, IMHO. I stopped all subscriptions years ago. Love the quiet bookish environment at the library. I threw all that subscription money into VTI, etc. I know, you said you don't want to, and that's fin...
by sperry8
Thu Mar 11, 2021 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Selling a new construction house and taxes
Replies: 39
Views: 2446

Re: Selling a new construction house and taxes

No one knows the intent of the owner... How can you say that when the stated intent was to build it as a personal primary residence? Sure, you can lie about your intent but we already know the real intent as stated by the OP. Gill The OP wasn't under deposition here, providing us sworn facts. He, p...
by sperry8
Thu Mar 11, 2021 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Selling a new construction house and taxes
Replies: 39
Views: 2446

Re: Selling a new construction house and taxes

Note that I have most of my savings in the house (I do not have a loan on it, which is good in that I'm not losing money on interest but bad in that my money is tied up in a losing real estate venture and not in the market or in real estate I am actually going to lose). Nope, is not good at all tha...
by sperry8
Thu Mar 11, 2021 12:18 am
Forum: Personal Finance (Not Investing)
Topic: Selling a new construction house and taxes
Replies: 39
Views: 2446

Re: Selling a new construction house and taxes

Note that I have most of my savings in the house (I do not have a loan on it, which is good in that I'm not losing money on interest but bad in that my money is tied up in a losing real estate venture and not in the market or in real estate I am actually going to lose). Nope, is not good at all tha...
by sperry8
Thu Mar 11, 2021 12:14 am
Forum: Personal Finance (Not Investing)
Topic: Selling a new construction house and taxes
Replies: 39
Views: 2446

Re: Selling a new construction house and taxes

Here's one definition of investment property: "An investment property is real estate property purchased with the intention of earning a return on the investment either through rental income, the future resale of the property, or both." In the law, intention is determined by one's words an...
by sperry8
Wed Mar 10, 2021 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Renting for life - a bad idea?
Replies: 154
Views: 11016

Re: Renting for life - a bad idea?

Dave Ramsey recently had a guest on who asked about this, she wanted to get rid of her house and rent for the next 30 years due to the flexibility it offers. He strongly advised against it with this statement.. and I quote verbatim : "Since rents are constantly going up you are destabilizing y...
by sperry8
Sat Mar 06, 2021 10:37 am
Forum: Non-US Investing
Topic: Non US Investing: Should we put 5% of port in Bitcoin?
Replies: 86
Views: 7466

Re: Non US Investing: Should we put 5% of port in Bitcoin?

https://youtu.be/Zz6RK361Gxo The above video is an excellent argument in favor of old seasoned retired investors like us buying and holding perhaps 5% of port in bitcoin. I'd like to know what other veteran non-USA investors think about it. If you asked me about my opinion regarding Bitcoin before ...
by sperry8
Fri Mar 05, 2021 11:12 am
Forum: Personal Investments
Topic: How long would you back a losing horse, to Stay The Course?
Replies: 167
Views: 11365

Re: How long would you back a loosing horse, to Stay The Course?

Except that 10 years has only seen one type of environment. A bull market. We had a bear market in 2020 and very nearly another one back in 2018. Using the 20% definition 2020 was a bear market. But it wasn't like prior bears. It was self-induced and as such acted more like a sharp correction with ...
by sperry8
Fri Mar 05, 2021 9:59 am
Forum: Personal Investments
Topic: How long would you back a losing horse, to Stay The Course?
Replies: 167
Views: 11365

Re: How long would you back a loosing horse, to Stay The Course?

"Entire investing career" makes it sound like a long time, but it is only ten years. That is not long enough for you to know if the landscape has changed to the point that your strategy chosen ten years ago is no longer viable for the future. I suppose this is what I'm trying to get at. M...
by sperry8
Wed Mar 03, 2021 2:11 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on 5% SWR
Replies: 205
Views: 13182

Re: Thoughts on 5% SWR

My favorite chart: https://www.early-retirement.org/forums/members/35183-albums227-picture1664.png Great chart. The whole thread about making that slim red line, slimmer. But overhanging it all, the ever growing grey area we have much less control over. And btw, for those who are so focused on the ...
by sperry8
Wed Mar 03, 2021 2:06 pm
Forum: Personal Investments
Topic: Where to park money for house build?
Replies: 2
Views: 290

Re: Where to park money for house build?

Hello, My wife and I are having a house built and the loose estimate is for construction to begin around the start of next year. We are in the process of raising funds by selling stocks/bonds so that the market doesn't modify our ability to do the build (it might modify our desire to go through wit...
by sperry8
Wed Mar 03, 2021 10:22 am
Forum: Investing - Theory, News & General
Topic: Thoughts on 5% SWR
Replies: 205
Views: 13182

Re: Thoughts on 5% SWR

Great discussion guys. My takeaways have been: 1. 5% SWR has a risk of failure. Even 4% has a risk of failure. 2. The best angle to hit this with therefore, is to raise risk tolerance by structuring retirement expenses for uncertainty. I think this boils down to low monthly bills and high(er) discr...
by sperry8
Mon Mar 01, 2021 2:12 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on 5% SWR
Replies: 205
Views: 13182

Re: Thoughts on 5% SWR

I measure my spend specifically. I am not an older retiree (rather a younger one). My spending habits are pretty consistent (not perfectly consistent) but generally. Usage was similar over the years. Quality was better of course (a 2007 phone is worse quality than a 2021 phone). Yet the 2021 phone ...
by sperry8
Mon Mar 01, 2021 1:35 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on 5% SWR
Replies: 205
Views: 13182

Re: Thoughts on 5% SWR

Inflation during a period (any period) is an overall reading. Everyone's personal inflation rate differs and can differ by a lot. Planning based on someone else's inflation rate is folly. For example, in my 14 years of retirement my personal inflation rate was .38% per year (5% net over the total 1...
by sperry8
Mon Mar 01, 2021 1:04 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on 5% SWR
Replies: 205
Views: 13182

Re: Thoughts on 5% SWR

Inflation during a period (any period) is an overall reading. Everyone's personal inflation rate differs and can differ by a lot. Planning based on someone else's inflation rate is folly. For example, in my 14 years of retirement my personal inflation rate was .38% per year (5% net over the total 1...
by sperry8
Mon Mar 01, 2021 10:47 am
Forum: Investing - Theory, News & General
Topic: Thoughts on 5% SWR
Replies: 205
Views: 13182

Re: Thoughts on 5% SWR

I missed Homer J in these SWR discussion. He was a good balance to those planning for really low SWR. Here you go: https://www.bogleheads.org/forum/viewtopic.php?p=2038204#p2038204 From Homer J himself. Exactly what I've been agreeing with this whole thread (and what my actual data bore out since h...
by sperry8
Mon Mar 01, 2021 10:21 am
Forum: Investing - Theory, News & General
Topic: Thoughts on 5% SWR
Replies: 205
Views: 13182

Re: Thoughts on 5% SWR

I think it’s also a failure when you have 2-3x your starting portfolio value at death. Imagine how much better you could have lived. How much more you could have donated or helped. This is more likely based on prior data. Exactly! I really don't get the extreme pessimism concerning the survivabilit...
by sperry8
Sun Feb 28, 2021 5:40 pm
Forum: Personal Investments
Topic: Schwab does not allow specific tax lots to be selected online when selling mutual funds
Replies: 97
Views: 8260

Re: Schwab does not allow specific tax lots to be selected online when selling mutual funds

Anyway, in my case, I already made a trade to TLH before making any such request (because their Cost Basis dept did not explain the revoking only went from that point forward ). I don't understand this line compared to the line I bolded above. They seem to be contradictory. I was going by your post...
by sperry8
Sun Feb 28, 2021 3:43 pm
Forum: Personal Investments
Topic: Schwab does not allow specific tax lots to be selected online when selling mutual funds
Replies: 97
Views: 8260

Re: Schwab does not allow specific tax lots to be selected online when selling mutual funds

As for the IRS that is a very interesting attachment, thanks. Schwab told me exactly what this letter states: "Under § 1.1012-1(e)(9)(iii), a taxpayer that wants to revoke its average basis method election must revoke the election within one year after making the election or, if earlier, by th...
by sperry8
Sun Feb 28, 2021 1:05 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on 5% SWR
Replies: 205
Views: 13182

Re: Thoughts on 5% SWR

I think this misses the point. The question of what your SWR will be can only be answered in a probabalistic fashion. How you decide to interpret and react to the probabilities is a function of your risk tolerance and confidence in the analysis. The question of what your SWR turns out to be after y...
by sperry8
Sun Feb 28, 2021 12:56 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on 5% SWR
Replies: 205
Views: 13182

Re: Thoughts on 5% SWR

First let me say, I love Bogleheads. The collective wisdom here has surely enriched me more than I ever could've hoped without them. But, people here are very into studies, back testing, average expected data (and I've found real world data differs from all that). They'll tell you what is required ...
by sperry8
Sun Feb 28, 2021 12:41 pm
Forum: Personal Investments
Topic: Schwab does not allow specific tax lots to be selected online when selling mutual funds
Replies: 97
Views: 8260

Re: Schwab does not allow specific tax lots to be selected online when selling mutual funds

It's not about changing it. Even changing it doesn't go back to unbundle it. The election needs to be made at the time you move in the funds to Schwab (I just got off the phone with their Client Reporting & Securities Services team and this was what they told me) It is about changing it: with s...
by sperry8
Sun Feb 28, 2021 11:56 am
Forum: Investing - Theory, News & General
Topic: Thoughts on 5% SWR
Replies: 205
Views: 13182

Re: Thoughts on 5% SWR

I've been reading on this and opinions are divided. Some say even the 4% SWR is a risk. Others write that 2.3% for inflation, 4% SWR, requires only a 6.3% return, a fair amount below what a mixed fund portfolio should return. Where do you guys stand and why? If 5% SWR is too risky, do you still fee...
by sperry8
Wed Feb 24, 2021 9:12 am
Forum: Personal Consumer Issues
Topic: Air Purifier
Replies: 37
Views: 2337

Re: Air Purifier

Anyone have suggestions on an air purifier? I’ve read quite a few reviews and it seems there are a variety of good ones (BlueAir 411, Dyson Hot/Cool, Honeywell) and some over-hyped poor quality (Molekule) but was wondering if anyone could provide input. I live in an 800 sq foot apartment and my bud...
by sperry8
Sun Feb 21, 2021 12:04 pm
Forum: Investing - Theory, News & General
Topic: If you bought Bitcoin, when do you plan to sell?
Replies: 396
Views: 38029

Re: If you bought Bitcoin, when do you plan to sell?

The goal of crypto (for many) is insurance against goverment financial miss-management. Having a government create their own digital currency is unappealing for those seeking "Schmuck insurance". (The constant flooding of the market with printed money devaluing the value of the dollar com...
by sperry8
Sun Feb 21, 2021 10:32 am
Forum: Investing - Theory, News & General
Topic: If you bought Bitcoin, when do you plan to sell?
Replies: 396
Views: 38029

Re: If you bought Bitcoin, when do you plan to sell?

Ethereum is very nice also. The US Government recently allowed banks to use stable-coins for payments and the majority of stable-coins use the Ethereum Block-chain and pay fees in ETH. This is a big advantage that ETH has over Bitcoin IMO. I think what this really means is that government will be c...
by sperry8
Sat Feb 20, 2021 6:21 pm
Forum: Investing - Theory, News & General
Topic: If you bought Bitcoin, when do you plan to sell?
Replies: 396
Views: 38029

Re: If you bought Bitcoin, when do you plan to sell?

If it does stay between $10-20k, I'll probably buy more. I have nothing to base this on, but I would think we'll be up over $40k before the end of February (and maybe January.... or tomorrow). Ethereum is very nice also. The US Government recently allowed banks to use stable-coins for payments and ...
by sperry8
Fri Feb 19, 2021 5:53 pm
Forum: Personal Investments
Topic: Schwab does not allow specific tax lots to be selected online when selling mutual funds
Replies: 97
Views: 8260

Re: Schwab does not allow specific tax lots to be selected online when selling mutual funds

I'm sure almost no one will read this thread, but it is important for people to understand they need to make a Spec ID election when choosing to work with Schwab (and/or transferring in-kind to them). If you try to do it later, you cannot. You are stuck with average cost. Well, you got at least one...