Search found 1943 matches

by IlliniDave
Fri May 18, 2018 5:24 pm
Forum: Politics, and other eternal disagreements
Topic: The 9.9 Percent Is the New American Aristocracy
Replies: 32
Views: 1127

Re: The 9.9 Percent Is the New American Aristocracy

Does anyone here know - is there any real talk of this happening? It'd probably not be acceptable to make huge reductions for schools in nicer areas, so, would it be extremely expensive to, say, fund all schools as well as what is currently like the 80th percentile) No, more the opposite in terms o...
by IlliniDave
Fri May 18, 2018 12:04 pm
Forum: Politics, and other eternal disagreements
Topic: The 9.9 Percent Is the New American Aristocracy
Replies: 32
Views: 1127

Re: The 9.9 Percent Is the New American Aristocracy

I think a larger portion of the population than we like to admit is content to identify the minimum (of effort and foresight) they need and then try to get by on 90% of that. This would be contrary to all evidence and all microeconomic theory amassed in decades/centuries though. True, a few poor pe...
by IlliniDave
Fri May 18, 2018 7:37 am
Forum: Politics, and other eternal disagreements
Topic: The 9.9 Percent Is the New American Aristocracy
Replies: 32
Views: 1127

Re: The 9.9 Percent Is the New American Aristocracy

For me that was a tedious read. But I agree w/brute that it was long on identifying perceived problems and short on ideas for improvement. I'm in the ballpark of his "9.9 %" though I got there from the opposite direction than what he described. My grandparents were all children (or in one case a gra...
by IlliniDave
Thu May 17, 2018 4:20 pm
Forum: Lifestyle Questions
Topic: Fear of early retirement?!?
Replies: 17
Views: 1205

Re: Fear of early retirement?!?

What's being discussed here is the fear of financial independence. Not necessarily by all of us. The things that mainly give me pause are the things like maintaining a routine and finding things to fill my extra time over a few decades. I do like the idea of trialing post-employment financial flows...
by IlliniDave
Thu May 17, 2018 12:01 pm
Forum: ERE Journals
Topic: Too Old To Retire "Young"
Replies: 245
Views: 54530

Re: Too Old To Retire "Young"

Mostly because what I do at work is not interesting enough to me to compete for time in my thoughts with things that do interest me. I don't let myself take things that happen at work personally, which helps.
by IlliniDave
Wed May 16, 2018 6:52 pm
Forum: Politics, and other eternal disagreements
Topic: N. Korea - This Time For Real?
Replies: 10
Views: 596

Re: N. Korea - This Time For Real?

I think the annual temper tantrums when the USFK/SK do their exercises are mostly reflexive and were expected. I do think KJU fears for his life but I would never trust a sovereign power with nuclear capability to give it up. Governments just don't do that even if they say they will.
by IlliniDave
Wed May 16, 2018 6:41 pm
Forum: Money Questions
Topic: FIRE reaching Critical Mass
Replies: 18
Views: 976

Re: FIRE reaching Critical Mass

Interesting observations, jennypenny, though IMO YMOYL also combined frugality and FI and I think Dominguez was the treasuries guy. Jacob (I think) mentioned in another thread about generational tendencies and maybe that is superimposed on the economic cycles with Millennials perhaps a fertile field...
by IlliniDave
Wed May 16, 2018 4:18 pm
Forum: Money Questions
Topic: FIRE reaching Critical Mass
Replies: 18
Views: 976

Re: FIRE reaching Critical Mass

I too think it unlikely. It takes a lot of work and discipline to pull it off. Much easier to read and think about than to actually do. I don't think there's enough wealth held by all the aspiring FIRE folks to move the market (and much of that even seems to be sitting on the sidelines, while folks ...
by IlliniDave
Sun May 13, 2018 4:46 am
Forum: ERE Journals
Topic: A Journey of Mindfulness--the Remaking of Life in Midstream.
Replies: 426
Views: 93490

Re: A Journey of Mindfulness--the Remaking of Life in Midstream.

April 2018 Summary Spending in April was about $3,200. Invested assets increased by about $5,000 and net worth increased by about $7,500. My multiple is "down" to about 43.5X. I've revised my spreadsheet to "test" my financial viability in the face of heavier spending. Basically, I increased expect...
by IlliniDave
Sun May 13, 2018 3:46 am
Forum: Lifestyle Questions
Topic: Possible jobs for semi-retirement
Replies: 20
Views: 1247

Re: Possible jobs for semi-retirement

Short version of a longer story found me making a couple trips up to my local Lowe's yesterday and I ran into one of my work colleagues moonlighting there. We chatted for a moment--turns out he is working there because apparently he had some bad tenants in a rental house and now has a second mortgag...
by IlliniDave
Fri May 11, 2018 7:13 am
Forum: Work & Education
Topic: Help me figure out what to do next
Replies: 9
Views: 857

Re: Help me figure out what to do next

work.where.they.pay.you.anything.above.local.average.and.save.as.like.there.is.no.tomorrow This is sort of how I look at it. I work first and foremost for money. I am starting to reluctantly admit I'm perhaps a little unusual in that I've managed to find ways to make what I have enjoyable rather th...
by IlliniDave
Thu May 10, 2018 12:12 pm
Forum: Lifestyle Questions
Topic: Do you want FI and ER? Or just FI?
Replies: 15
Views: 779

Re: Do you want FI and ER? Or just FI?

RE is the goal for me, FI is more the means to that end rather than a goal in-and-of-itself. In a sense it's the same with workforce participation. "Getting out" is less a goal than a waypoint. My goal with retirement is to spend my time in places and doing things that aren't easily compatible with ...
by IlliniDave
Sun May 06, 2018 9:30 am
Forum: ERE Journals
Topic: Mae's Musings
Replies: 12
Views: 586

Re: Mae's Musings

You could consider cooking a skill you'd like to develop, and cook in batches to reduce costs even more? Meal prep and freeze the meals ... I also like knowing which ingredients are in my meal and improving recipes for better health. Cooking dinner is kind of meditative, helps unwinding during week...
by IlliniDave
Sun May 06, 2018 6:07 am
Forum: ERE Journals
Topic: Mae's Musings
Replies: 12
Views: 586

Re: Mae's Musings

Welcome. Maybe I'm answering a rhetorical question here: I don't know the statistics but among people I know most probably cook their own dinner most of the time, but in the US people in general do dine out or carry out frequently. Among the same people, only a minority prepare their lunch at home. ...
by IlliniDave
Sat May 05, 2018 6:20 pm
Forum: Money Questions
Topic: Investing Process - or how to think about investing
Replies: 76
Views: 4501

Re: Investing Process - or how to think about investing

Don't know about the veracity of this , but these guys have what appears to be a fair take on the degree to which index funds ruin the world and kill puppy dogs. Saw it over on bh today.

https://www.weareworldquant.com/media/1 ... ing-v6.pdf
by IlliniDave
Sat May 05, 2018 6:27 am
Forum: Money Questions
Topic: Investing Process - or how to think about investing
Replies: 76
Views: 4501

Re: Investing Process - or how to think about investing

(Last number I have is from 2016 and at that point passive or price-insensitive investors comprised 42% of the market having grown from 10% or so just a handful of years earlier.) I am very cuorius to see what happens to the storms of "passive" indexers once the market goes down 30+% in a short tim...
by IlliniDave
Sat May 05, 2018 5:48 am
Forum: Money Questions
Topic: Investing Process - or how to think about investing
Replies: 76
Views: 4501

Re: Investing Process - or how to think about investing

I wonder how this works for following / mimicking the trades of people with impressive track records (the Buffets and Soroses of the world - or pick your favorite investment guru). Has anyone tried this? What are some pros and cons? I haven't tried this literally, but considering Buffet recommends ...
by IlliniDave
Sat May 05, 2018 4:37 am
Forum: ERE Journals
Topic: A Journey of Mindfulness--the Remaking of Life in Midstream.
Replies: 426
Views: 93490

Re: A Journey of Mindfulness--the Remaking of Life in Midstream.

Abbreviated Q1 2018 Summary I've finally got a few numbers for Q1 2018. For the quarter invested assets grew by $13,900 and net worth grew by $7,700. Growth in net worth over the 12 months ending 3/31/18 was bout $168,000. I was surprised to see positive numbers for the quarter. On the down side I ...
by IlliniDave
Fri May 04, 2018 3:48 am
Forum: ERE Journals
Topic: FruGal61 at your service
Replies: 22
Views: 1387

Re: FruGal61 at your service

I think I've just become more acculturated to it all. 'Working for the man' has never been part of my vocabulary. Since my first job in high school I was always acutely aware of 'what's in it for me' and I think I assess that pretty accurately. All the larger companies out there that I have insight ...
by IlliniDave
Thu May 03, 2018 3:44 am
Forum: Lifestyle Questions
Topic: Is frugality for the rich?
Replies: 74
Views: 5533

Re: Is frugality for the rich?

I have a nephew who is poor, he does not work on a regular basis, but he has a lot of nice things (compared to say, me) via a combination of borrowing money and nefarious skill at emotionally manipulating my dad and mooching off him (e.g., basically moved in with him the day of Mom's funeral). I hav...
by IlliniDave
Thu May 03, 2018 3:17 am
Forum: Housing Questions
Topic: Should I move back to my parents?
Replies: 8
Views: 579

Re: Should I move back to my parents?

Maybe I am misreading your remarks, but your parents have their own retirement to plan for, they shouldn't have to be subsidizing yours. Unless they are initiating this and you'd be willing to pay them a reasonable rent, share equally in all the other bills, as well as in the work (inside and outsid...
by IlliniDave
Mon Apr 30, 2018 3:20 am
Forum: Money Questions
Topic: Actually getting started investing (and some analysis paralysis)
Replies: 20
Views: 1013

Re: Actually getting started investing (and some analysis paralysis)

I have thought about this, but I don't see how my feelings are relevant . I can easily see myself starting out slow, get to feel familiar with having an account with a broker etc. After a while everything would be going fine (the market keeps going up), then I start to feel more at ease and put som...
by IlliniDave
Sun Apr 29, 2018 6:09 pm
Forum: Money Questions
Topic: Actually getting started investing (and some analysis paralysis)
Replies: 20
Views: 1013

Re: Actually getting started investing (and some analysis paralysis)

1)Regarding equities, only invest in stocks to the extent you are comfortable. You could start at some modest level, maybe 20%, and see how it goes. Increase or decrease in the future depending on what seems right to you. In the meantime continue reading. I have been through multiple bear markets. T...
by IlliniDave
Sun Apr 29, 2018 4:44 pm
Forum: Health Questions
Topic: What Do You Eat for Weight Loss?
Replies: 177
Views: 17842

Re: What Do You Eat for Weight Loss?

Protein's effect on blood glucose is so low/slow they can't even measure a GI for it, and whatever glucose the liver ultimately produces from it is pretty small. It supposedly allows for the low levels of insulin necessary for building lean tissue but I thought it was offset or swamped by glucagon (...
by IlliniDave
Sun Apr 29, 2018 11:44 am
Forum: Politics, and other eternal disagreements
Topic: N. Korea - This Time For Real?
Replies: 10
Views: 596

Re: N. Korea - This Time For Real?

Hard to believe it will be that easy. I wonder if he doesn't see himself as the future leader of a unified Korea somehow. Or alternatively, if they are putting enough pressure on China via "trade war" talk that China is pressuring KJU to play nice. Or maybe he's just having an Eddie Haskell moment.