Search found 461 matches

by The Old Man
Sun Apr 11, 2021 4:36 pm
Forum: Lifestyle Questions
Topic: Systems!- Level 6 towards 7
Replies: 171
Views: 7065

Re: Systems!- Level 6 towards 7

I work better with examples. So, below is one such. An Illustrative Example: Is this WL 4, 5 or 6? To eliminate car dependency, relocate to a location that is amenable to public transit, bicycling, etc. The availability of online grocery shopping further expands the location choices. Uber for the ex...
by The Old Man
Sat Mar 27, 2021 10:02 am
Forum: Lifestyle Questions
Topic: The ERE Wheaton Scale
Replies: 461
Views: 96322

Re: The ERE Wheaton Scale

Interesting table. Some questions perhaps. WL-5 Focus: “Pareto optimized expenses for maximum life enjoyment.” Is this another way of saying Minimalism ? WL-6 to 10: I have a hard time understanding the focus descriptions. Perhaps some examples would be helpful. Queen of England: Where would she fal...
by The Old Man
Sat Feb 27, 2021 8:14 pm
Forum: Lifestyle Questions
Topic: Obtaining a Second Passport
Replies: 149
Views: 32156

Re: Obtaining a Second Passport

Sure, but in practice, they're the same, no? Never one without the other? The point being you can run into problems by having a citizenship (and required responsibilities/liabilities) that you didn't even know you had - passport not required. See accidental Americans. Stateless people can have trav...
by The Old Man
Sat Feb 27, 2021 3:48 pm
Forum: Lifestyle Questions
Topic: Obtaining a Second Passport
Replies: 149
Views: 32156

Re: Obtaining a Second Passport

I would be interested to hear of situations where people actually regretted having multiple passports. Don't confuse a passport with citizenship. A passport is merely a document for facilitating international travel. There are issues with multiple citizenships. A problem is the "accidental&quo...
by The Old Man
Fri Jan 29, 2021 3:38 pm
Forum: ERE Journals
Topic: 39 & Looking to retire this year. Advice appreciated
Replies: 39
Views: 2024

Re: 39 & Looking to retire this year. Advice appreciated

Ps. My biggest worry (i think) is: - a big recession/ depression where 50-70% of my portfolio is wiped out. While I'm still withdrawing....and I'm too old/rusty to get back to the work force. Eyeballing it, your planned drawdown is less than 2%. Even with a 50% decline you would still have a drawdo...
by The Old Man
Fri Jan 29, 2021 3:08 pm
Forum: ERE Journals
Topic: 39 & Looking to retire this year. Advice appreciated
Replies: 39
Views: 2024

Re: 39 & Looking to retire this year. Advice appreciated

Barring government-imposed changes to the contrary, most medical insurance policies have annual out-of-pocket maximums. You have to consider "surprise" billing. As an example consider that you are unconscious and in need of treatment. A doctor is found and treatment is done. Unfortunately...
by The Old Man
Fri Jan 29, 2021 2:44 pm
Forum: Money Questions
Topic: Investments Trade Log
Replies: 2562
Views: 523026

Re: Investments Trade Log

https://www.depositaccounts.com/blog/federal-funds-rate-hike/ Don't fight the Fed. Looks like a super easy monetary policy will be with us for some time to come. Bubble economics are here to stay. The Fed will eventually want to unwind its positions, but at the same time it also doesn't want to dis...
by The Old Man
Tue Jan 26, 2021 12:00 pm
Forum: ERE Journals
Topic: 39 & Looking to retire this year. Advice appreciated
Replies: 39
Views: 2024

Re: 39 & Looking to retire this year. Advice appreciated

Second the recommendation for a financial advisor. Go with a fee only advisor. A standard advisor will only want to sell you things or get you into their proprietary actively managed funds. Choose an advisor that specializes in early retirement. Your major challenge will be accessing your retirement...
by The Old Man
Mon Jan 25, 2021 11:06 pm
Forum: ERE Journals
Topic: 39 & Looking to retire this year. Advice appreciated
Replies: 39
Views: 2024

Re: 39 & Looking to retire this year. Advice appreciated

You have expenses of ~$84 K and a net worth of $4.4 million. This works out to a withdrawal rate of 1.9%. For my portfolio my dividends are somewhat south of 2%. You could probably retire and your drawdown should come very close to your dividends/interest. The annual drawdown of your principal shoul...
by The Old Man
Sun Jan 24, 2021 4:29 pm
Forum: Introduce Yourself
Topic: Greetings from Denver - Just retired military, married late & five kiddos
Replies: 5
Views: 907

Re: Greetings from Denver - Just retired military, married late & five kiddos

lgdelvalle wrote:
Sun Jan 24, 2021 3:54 pm
There is mention by some people of attempting to be a Renaissance Man, but what I recommend is being a man of High Middle Ages.
Welcome!

OK, you got me. What is the difference between the Renaissance Ideal and the High Middle Ages?
by The Old Man
Sat Jan 23, 2021 5:11 pm
Forum: Money Questions
Topic: Hussman shows a risk of 50-66% [US stock]market losses
Replies: 66
Views: 11210

Re: Hussman shows a risk of 50-66% [US stock]market losses

But infinite supply of money, yes. And that's all that matters to investors. Hyperinflation. The US Dollar is the world's reserve currency, so the USA has more runway than most; however, hyperinflation has not worked anywhere. What matters to investors is confidence. Hyperinflation will destroy tha...
by The Old Man
Sat Jan 23, 2021 2:53 pm
Forum: Money Questions
Topic: Hussman shows a risk of 50-66% [US stock]market losses
Replies: 66
Views: 11210

Re: Hussman shows a risk of 50-66% [US stock]market losses

I see no reason to believe consensus regarding wise economic policy will ever change back to the view that depressions are acceptable. And I see no reason to expect very high marginal tax rates like prior to 1983, because modern consensus is that tax rates over 39% are counterproductive. These 2 go...
by The Old Man
Sat Jan 23, 2021 9:24 am
Forum: Money Questions
Topic: Hussman shows a risk of 50-66% [US stock]market losses
Replies: 66
Views: 11210

Re: Hussman shows a risk of 50-66% [US stock]market losses

Or maybe we just all become japan and the market goes sideways for a couple decades. Mad Max scenario is not the only plausible one in my opinion https://en.wikipedia.org/wiki/Nikkei_225 The Nikkei 225 stock index reached a “bubble” top in 1989. It is still well below its top in 2020. Index top in ...
by The Old Man
Sat Jan 23, 2021 12:21 am
Forum: Money Questions
Topic: Hussman shows a risk of 50-66% [US stock]market losses
Replies: 66
Views: 11210

Re: Hussman shows a risk of 50-66% [US stock]market losses

"Stock prices have reached what looks like a permanently high plateau." - Professor Irving Fisher, 15 Oct 1929 Federal Reserve financial engineering has led to an incredible rise in stock prices. A 50% decline would only lead to a "normal" valuation level. The selling when it be...
by The Old Man
Wed Jan 20, 2021 10:36 pm
Forum: Money Questions
Topic: Hussman shows a risk of 50-66% [US stock]market losses
Replies: 66
Views: 11210

Re: Hussman shows a risk of 50-66% [US stock]market losses

http://www.philosophicaleconomics.com/2017/02/asset-markets-as-banks/ With respect to equity markets in particular, I’ll end with this. If we want to get in front of things that are going to break a market’s network of confidence and undermine people’s beliefs that they’ll be able to sell near or a...
by The Old Man
Thu Jan 14, 2021 11:53 pm
Forum: Money Questions
Topic: Inflation, Interest Rates & Financial Represion
Replies: 21
Views: 1621

Re: Inflation, Interest Rates & Financial Represion

USA real growth in the first two decades of the 21st century averaged 2% a year. Real growth in the 20th century, with the exception of the 1930s, averaged 3% a year. The Fed implemented quantitative easing to support the economy and the subpar economic growth is the likely root cause. It should be ...
by The Old Man
Tue Nov 24, 2020 11:22 am
Forum: Health Questions
Topic: Sunbed for vitamin D and/or vitamin D pills in wintertime
Replies: 14
Views: 1390

Re: Sunbed for vitamin D and/or vitamin D pills in wintertime

Are you sure the sunbed has the same effect on the body as the sun with respect to production of Vitamin D? My understanding is that sunbeds are for tanning and those machines generate different wavelengths of light compared to the sun. Consequently, with respect to Vitamin D, I don't think sunbeds ...
by The Old Man
Sat Nov 14, 2020 10:47 am
Forum: Money Questions
Topic: ERE in Austria (not Australia)
Replies: 13
Views: 27279

Re: ERE in Austria (not Australia)

- how would you consider future government guaranteed income streams in your net worth / ERE planing ? (question here is also how much to trust the government not to fuck this up) - I really like the permanent portfolio concept, but maybe with the big social security net in austria it would make mo...
by The Old Man
Wed Nov 11, 2020 1:20 am
Forum: Money Questions
Topic: Changes to the 4% rule
Replies: 30
Views: 2706

Re: Changes to the 4% rule

IlliniDave wrote:
Tue Nov 10, 2020 8:04 pm
I think no matter how it's sliced, most of us will want something more than today's basic Medicare when the time comes.
Basic Medicare does not provide a ceiling on medical costs. This is what Medicare Advantage/Medicare Supplement does.
by The Old Man
Sun Sep 06, 2020 3:56 pm
Forum: Resources & Recommended Reading
Topic: Buying an e-reader
Replies: 54
Views: 3639

Re: Buying an e-reader

I have an Amazon Kindle. Generally, I prefer to use the Kindle app on my computer. It is much more user friendly than the e-reader itself.