Search found 186 matches

by Generation-X
Sun Jul 21, 2019 1:12 am
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 229
Views: 56590

Re: Generation-X' Journal

Very interesting thread on how people achieved their wealth:

If your net worth is over $3 million, how did you do it?

https://www.bogleheads.org/forum/viewto ... be323f3c03
by Generation-X
Sat Jul 20, 2019 11:18 pm
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 229
Views: 56590

Re: Generation-X' Journal

https://i.imgur.com/SOi3zCA.png . https://i.imgur.com/O9hiuHT.png . https://i.imgur.com/efeNaNU.png . . S&P total Return Histogram 1926 - 2017 https://i.imgur.com/s4e0dJK.png . Total No. of years: 92 No. of years with loss: 24 No. of years with gain: 68 No. of years with >10% gain: 54 Percentage of...
by Generation-X
Sat Jun 22, 2019 2:47 am
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 229
Views: 56590

Re: Generation-X' Journal

In life, there is always someone that's well ahead of you.. surprise surprise.

I Lived In My Truck For A Year, Saved $85K
https://www.youtube.com/watch?v=LW6QwgCQmN8

The Homeless Firefighter
https://www.youtube.com/channel/UC-v_Bx ... vpw/videos
by Generation-X
Mon Jun 17, 2019 5:21 am
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 229
Views: 56590

Re: Generation-X' Journal

It's a good question, and something that I've been thinking about for some time now. The retirement budget experiment, to see if retirement income was actually adequate to live on (and it is, though I'd like a bit more comfort than what it currently provides for), re-emphasized my inherent dislike t...
by Generation-X
Tue Jun 11, 2019 8:11 am
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 229
Views: 56590

Re: Generation-X' Journal

Test run - mobile living I've been spending a few days here and there on a test run to check the feasibility of full time mobile living while working. Let's just say at times, it's been miserable but I stuck with it and gathered some valuable insights. 1. Vehicle related - stealth, temperature contr...
by Generation-X
Tue Jun 11, 2019 7:40 am
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 229
Views: 56590

Re: Generation-X' Journal

It was a good run, while it lasted..

"It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently."
by Generation-X
Fri May 31, 2019 2:28 am
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 229
Views: 56590

Re: Generation-X' Journal

...I think this whole trade war thing is Trump creating volatility until we get closer to the election at which he will strike deal in order to play savior and markets will spike... Great observation, Jason. And Trump is also getting very predictable. He is creating yet another headline (tariffs ag...
by Generation-X
Fri May 24, 2019 4:31 am
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 229
Views: 56590

Re: Generation-X' Journal

Status Update 5/23/19 https://i.imgur.com/zViDdUu.png * Net worth around 640k * 1.2 years to the earliest retirement window When is the best time to retire? It would be ideal to retire at a time when the cost of living is low and purchasing power goes farther. The best possible scenario for retireme...
by Generation-X
Thu Apr 11, 2019 2:27 am
Forum: Money Questions
Topic: VBTIX vs Vanguard Target Retirement Income Trust vs “Stable Value Guaranteed Interest Account”
Replies: 11
Views: 1658

Re: VBTIX vs Vanguard Target Retirement Income Trust vs “Stable Value Guaranteed Interest Account”

@classical_Liberal This appears true in California, at the appellate court level, per McMULLEN v. HAYCOCK** (https://caselaw.findlaw.com/ca-court-of-appeal/1083253.html). If you had money in a 401(k), then put it in an IRA, it will have complete protection (from creditors) if you can trace it back t...
by Generation-X
Wed Apr 10, 2019 3:05 am
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 229
Views: 56590

Re: Generation-X' Journal

It's a great question and a bit complex to answer. It's an attempt to simultaneously address multifaceted issues in retirement, including housing, taxes, inflation, a 3-sigma event, entertainment and a purpose. The key is to start small and learn as you go - with lots of preparations. I'm still comb...
by Generation-X
Wed Apr 10, 2019 1:15 am
Forum: Money Questions
Topic: VBTIX vs Vanguard Target Retirement Income Trust vs “Stable Value Guaranteed Interest Account”
Replies: 11
Views: 1658

Re: VBTIX vs Vanguard Target Retirement Income Trust vs “Stable Value Guaranteed Interest Account”

I would also consider the ramifications of moving assets out of an ERISA "qualified retirement plan" which are protected from civil lawsuits. (non-bankruptcy protection) https://www.investopedia.com/articles/personal-finance/040716/which-retirement-funds-are-protected-creditors.asp IRA protection (n...
by Generation-X
Mon Apr 01, 2019 8:58 pm
Forum: ERE Journals
Topic: Star*Bucks ERE Journal
Replies: 201
Views: 45046

Re: Star*Bucks ERE Journal

... I rolled over my IRA twice within a 12 month period which is against tax law/rule. I never knew there was such a rule and I don’t think it should even exist! The banks/brokerages can transfer the IRA’s (MY MONEY) between one another an unlimited amount of times but me trying to be a good stewar...
by Generation-X
Wed Mar 27, 2019 9:17 pm
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 229
Views: 56590

Re: Generation-X' Journal

How long will the money last?* *Based on Math of money, by Morton D. Davis pp 89-101 This is a simple model which will allow a quick and dirty ballpark estimate of where things stand given the annual expense, interest rate and the inflation rate. https://i.imgur.com/ELEzx9W.png https://i.imgur.com/N...
by Generation-X
Sun Mar 24, 2019 3:10 am
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 229
Views: 56590

Re: Generation-X' Journal

Status Update 3/23/19 * Net worth around 630k * 1.4 years to the earliest retirement window. Overall, things are pretty sedentary and I feel fairly calm about the upcoming retirement possibility in 1.4 years. What's really interesting is that the mother of all recessions could trigger within that ti...
by Generation-X
Thu Mar 21, 2019 9:40 pm
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 229
Views: 56590

Re: Generation-X' Journal

Thoughts on options Black-Scholes is the most widely recognized options pricing formula. Options pricing is derived by summing up all the payoffs and their likelihood of occurring by the difference between the stock price and the strike price at the time of options expiration, which is then discount...
by Generation-X
Fri Mar 08, 2019 1:39 am
Forum: Money Questions
Topic: Vanguard Retirement Accounts - Level 2 Options Trading Only
Replies: 9
Views: 1624

Re: Vanguard Retirement Accounts - Level 2 Options Trading Only

Options is nice when it goes your way but often times it does not. People lose a lot of money in options precisely because they trade too often. The loss is immediate when options are purchased until proven otherwise. As with anything else, preparation and doing the homework go a long way to provide...
by Generation-X
Mon Mar 04, 2019 1:48 am
Forum: Money Questions
Topic: Vanguard Retirement Accounts - Level 2 Options Trading Only
Replies: 9
Views: 1624

Re: Vanguard Retirement Accounts - Level 2 Options Trading Only

This is slightly off topic but not sure where else to ask. So here goes: I'm trying to write cash secured puts to generate income on a broad market etf that I'm fine holding long term whenever I get assigned shares. I have about 5-10k to use for this so SPY is not an option. Similar etfs don't have...
by Generation-X
Sun Mar 03, 2019 6:04 pm
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 229
Views: 56590

Re: Generation-X' Journal

valuing the pension Inevitable question that arises as supposed time of retirement approaches is to whether to take lump sum or to take the pension. Valuing the pension, though somewhat subjective, will provide apples to apples comparison by converting the pension to a lump sum equivalent and thereb...
by Generation-X
Tue Feb 19, 2019 6:18 am
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 229
Views: 56590

Re: Generation-X' Journal

I need to start trading volatility like you. I did well last year by holding cash, selling all my pre- and post-tax retirement account stock funds in August and moving into GDXJ and SGDM, and steadily buying precious metals from July-December. Maybe it was just luck but I think I might have a good ...
by Generation-X
Sat Feb 09, 2019 3:46 am
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 229
Views: 56590

Re: Generation-X' Journal

Took a small short position today to test the waters.

long put BRKB 322P200

Market is very volatile and treacherous at the moment, so the main focus remains on interest rates such as CD's and short term treasuries.

Continuing to index about 5%.