Early Retirement Extreme Forums

Pension consulting. Advising others on "how long will our money last" was literally our job

MO isn't even my highest-dividend holding. I also own KSS. Just you wait, in the apocalypse the only viable currency will be Kohl's Cash.

@unemployable

What would your plan be for a margin call in this scenario?

Huge benefit of a mortgage is it isn't marked to market in real-time (or at all)


Oh wow, someone cares about me.

Anyway, first I wouldn't take out the full marginable amount; I'd shoot for a cushion of at least 20 ...

Bought 12 S&P futures the instant an economic number came out and sold them two or three minutes later 20 handles higher.

One handle (index point) on the futures was $250, so that's 250 * 12 * 20 = $60k in a few minutes.

That was back in the year 2000, at my job.

Can you elaborate on this?

https://www.interactivebrokers.com/en/trading/margin-rates.php

IBKR right now is 6.83 on the first 100k and then 6.33 up to a million. This might be a wash versus an ordinary mortgage right now but most of the time it's lower by about a whole handle.

Other benefits ...

Co-ops in places like NYC will basically interview you about your life and can vote you down.

Otherwise, not likely if you're paying cash. If you're looking to finance it may be easier and cheaper to get a margin loan than a traditional mortgage, or pull assets from IRAs, which can't be put up as ...

Laura Ingalls wrote: ↑

Tue Mar 12, 2024 9:00 am

I think unemployable has had a lot of experience.

I do, not that this thread is about me.

Funnier thing: Job hunting was my least favorite thing I regularly subjected myself to. Some things I enjoy more: doing my taxes, changing my car's shock absorbers, going to the dentist, dealing with Comcast customer service, cleaning cat barf off carpets, figuring out why my mom can't print PDFs ...

You live in the Chatham Lighthouse?

chenda wrote: ↑

Wed Feb 28, 2024 9:20 am

+1

I think you mean +2

Smaller breasts: Less sagging, less lecherous staring, easier to find bras that fit, highly correlated with better fitness, can wear men's clothes, people like you for your other features instead of your gazoombas, can become a fashion model

Smaller penis: ?

Smaller bank account: ?

The bulk of the sits I'm getting now are for people who are financially comfortable but not what I'd call rich or even upper-class, more like upper-middle. These are for several weeks in comfortable houses in nice locations. Such as right now, I'm towards the end of a six-week sit tucked into the ...

Very well!

Just my random thoughts on the industry. It’s really strange in Silicon Valley. The old people I know are poor retirees living on fixed incomes while living in $3-$4M homes. Really. They cannot even afford to reroof or get dental implants. Yet they are “millionaires”. The ones still working are ...

Phone expense.

You've already done the biggest thing to potentially get your phone expense down, which is choose behaviors that do not require the use of much mobile data. Generally you want to use your phone as a tool and not a toy; specifically, avoid streaming and use wifi wherever it is ...

There's a lot to read here, but I'll respond to the issue of car insurance.

What you're really paying for when you buy car insurance is the insurance company's lawyers. They get every attempt to defraud them several times a day and know all the tricks. In an accident I got into many years ago ...

Net worth goes out at 780K for July. This is +7.6% for the month and +12.1% YTD. SPX was +3.1% for the month and some +20% on the year. Surprisingly, I am less than 1% away from an all-time high net worth.

I'm in Montana now on a long housesit. I haven't been out much. This is a nice property with ...

Money being a last-resort solution to a problem. Embodied in the other frameworks for sure, but the point is it shows up in so many places.

1MM is stay in place net worth.

That's what I was getting at. It was real money before the late-90s stock market/early 00s real estate bubbles but now it supports a lifestyle a rung or two above minimum wage. (Not that that's something an EREer can't handle; I live off a good bit less, but we're ...

'm also guessing there are less ERE2s than HNWIs is the US


I think there's maybe one ERE2 and arguably zero. People talking about ERE2 or taking about the people talking about ERE2 don't count here.

There's another term people in wealth-management circles circle-jerk about, High Earning Not ...