Search found 49 matches

by xmj
Thu Sep 29, 2022 4:22 am
Forum: Money Questions
Topic: Advice and opinions?
Replies: 2
Views: 240

Re: Advice and opinions?

Taxation in Switzerland is simple enough once you know which municipality (!) you're moving to, what you stand to make as gross income and the net worth you're bringing into the country. So much so that the Federal Tax administration publishes a calculator: https://swisstaxcalculator.estv.admin.ch/#...
by xmj
Sun Sep 25, 2022 7:54 am
Forum: Money Questions
Topic: The 4% Rule – A Castle in the Air
Replies: 294
Views: 28089

Re: The 4% Rule – A Castle in the Air

No, that's a liquidation and corresponding return of remainder capital.

Taking a company private mostly means 1) delisting from stock exchanges 2) often squeezing out the minority shareholder for cash, which you can do if you own 50%+1 share in most jurisdictions.
by xmj
Sat Sep 24, 2022 10:16 pm
Forum: Money Questions
Topic: The 4% Rule – A Castle in the Air
Replies: 294
Views: 28089

Re: The 4% Rule – A Castle in the Air

It seems to me that because most people are total return investors, CEOs manage towards that. The phrase "stewards of the stock price" has been floating around a ton lately - or at least it seems so to me. So, if most investors are total return investors, CEOs might be more likely to &quo...
by xmj
Sat Sep 24, 2022 5:23 am
Forum: Money Questions
Topic: The 4% Rule – A Castle in the Air
Replies: 294
Views: 28089

Re: The 4% Rule – A Castle in the Air

I think "because they want to" is enough of a reason. Not everyone has to measure their decisions by your metrics. You're applying your decision criteria to other people, and other people might optimize for different things. Hah, true that. Also, I did explain my philosophy of refactoring...
by xmj
Fri Sep 23, 2022 1:48 am
Forum: Money Questions
Topic: The 4% Rule – A Castle in the Air
Replies: 294
Views: 28089

Re: The 4% Rule – A Castle in the Air

Why not ? If you can't justify your position maybe it's because your position is wrong. I find articulating your position can be beneficial to you. There might be more to the situation or even just clarifying why you feel a certain way can be helpful to you. To be able to justify a position, and to...
by xmj
Fri Sep 23, 2022 12:03 am
Forum: Money Questions
Topic: The 4% Rule – A Castle in the Air
Replies: 294
Views: 28089

Re: The 4% Rule – A Castle in the Air

It's ridiculous. Plain and simple. I'll add that @xmj can't even justify why anyone would want to do this. I have never seen a more extreme use case plus it's easy to set something up slightly less ridiculous that would work if you wanted it too. Honestly it was silly. You'd have to be really rich ...
by xmj
Thu Sep 22, 2022 7:19 am
Forum: Money Questions
Topic: The 4% Rule – A Castle in the Air
Replies: 294
Views: 28089

Re: The 4% Rule – A Castle in the Air

Your assumptions are different than a family trust making payouts to several dozens if not hundreds of people. You can adapt your personal spend rather easily (just don't buy as much, skip foreign holidays, etc) but if you *must* withdraw, and it's March 2003, March 2009 or March 2020 (funny, eh?), ...
by xmj
Thu Sep 22, 2022 6:39 am
Forum: Money Questions
Topic: The 4% Rule – A Castle in the Air
Replies: 294
Views: 28089

Re: The 4% Rule – A Castle in the Air

Fair points. Two things to note: -Right now 2yr treasuries yield more than the S&P500 as far as interest / dividends are concerned, so that yield will probably expand further in the near future (what can't last won't last, etc). -And then, the paper seems to recommend something like spending 4/3...
by xmj
Wed Sep 21, 2022 11:49 pm
Forum: Money Questions
Topic: The 4% Rule – A Castle in the Air
Replies: 294
Views: 28089

Re: The 4% Rule – A Castle in the Air

See that's where difference in personal philosophies comes in. To me the notion of spending down principal through whatever fashion of the day currently shilled isn't a way to a viable future. I was provided some great possibilities in life. This allowed me to take chances I wouldn't otherwise have ...
by xmj
Wed Sep 21, 2022 6:50 am
Forum: Money Questions
Topic: The 4% Rule – A Castle in the Air
Replies: 294
Views: 28089

Re: The 4% Rule – A Castle in the Air

I do recommend you take a look at the paper I linked. It bases the entire discussion about withdrawal rates for *perpetuities* on empiric grounds. As a perpetuity, the central aspect to focus on isn't "will it last" but "how will it be equitable across generations?" - and that pa...
by xmj
Tue Sep 20, 2022 11:57 pm
Forum: Money Questions
Topic: The 4% Rule – A Castle in the Air
Replies: 294
Views: 28089

Re: The 4% Rule – A Castle in the Air

Please note that life expectancy at age 30 is different from life expectancy at birth. In Switzerland, life expectancy at birth is 81 years for men and 85.1 years for women. Once you make it to age 30, your additional life expectancy changes to a further 51.8 years for men, and 55.7 years for women....
by xmj
Tue Sep 13, 2022 3:10 am
Forum: ERE Book/Blog/Forum
Topic: A new article about the ERE book
Replies: 4
Views: 11965

Re: A new article about the ERE book

He seems to fail to accept the premise of high savings rates in general, and *especially* the point that with enough saved up, it becomes an endowment that'll last a lifetime or three. In both Case A + Case B the author calculates (pages 21ff) he assumes higher outflows than inflows... but that is p...
by xmj
Sun Aug 14, 2022 6:27 am
Forum: Lifestyle Questions
Topic: Lying flat, quiet quitting, Gervais losers
Replies: 33
Views: 3896

Re: Lying flat, quiet quitting, Gervais losers

To add, one noticeable effect in Eastern Europe is how tight the real estate markets for small / affordable housing has become. Whereas 2020 and to some degree 2021 a lot of formerly Airbnb-rented apartments came to market and rents took a dive, that by now has overcorrected.
by xmj
Fri Aug 12, 2022 12:43 am
Forum: Lifestyle Questions
Topic: Lying flat, quiet quitting, Gervais losers
Replies: 33
Views: 3896

Re: Lying flat, quiet quitting, Gervais losers

white belt wrote:
Thu Aug 11, 2022 10:15 pm
I'm curious, what are some geo-arbitrage capital income generating strategies you've come up with?
Any consulting business if you're in a lower-cost area than your clients, where you pay out most of the profit as dividends - no payroll/social security taxes on those. Preferably cross-border.
by xmj
Thu Aug 11, 2022 12:56 am
Forum: Lifestyle Questions
Topic: Lying flat, quiet quitting, Gervais losers
Replies: 33
Views: 3896

Re: Lying flat, quiet quitting, Gervais losers

"Now that meaning has been so thoroughly strip mined-from the salary man, what opportunities does this open up?" Or "Since the incentives that worked for previous generations are currently ineffective; what other incentives could come into play? How do we generate/activate these new ...
by xmj
Mon Aug 01, 2022 1:30 am
Forum: Money Questions
Topic: The postmodern era of investing
Replies: 22
Views: 2519

Re: The postmodern era of investing

WFJ wrote:
Wed Jul 27, 2022 4:02 pm
Hold the same (MO/PM/BTI). Also self-indexing with most boring funds as I don't want CalSTRS/Blackrock to use investors' money to support radical weirdos like Engine One to pollute corporate boards.
Good to see! Do you do any other low-duration plays with high dividend rates?
by xmj
Mon Aug 01, 2022 12:34 am
Forum: Money Questions
Topic: Is the leveraged All Weather Portfolio worth it?
Replies: 4
Views: 1315

Re: Is the leveraged All Weather Portfolio worth it?

So a twitter acquaintance runs a leveraged Permanent Portfolio and blogs about it at https://demonetizedblog.com/ , do please have a look at how that's working out for him in H1/2022 and how he reacted to the drawdowns in March'20. If you do decide to run it, make sure your sizing is such that your ...
by xmj
Tue Jul 26, 2022 11:55 pm
Forum: Money Questions
Topic: The postmodern era of investing
Replies: 22
Views: 2519

Re: The postmodern era of investing

Please don't forget that a lot of ESG driven funds whitewash S&P500 or ACWI style indexes, do just-so-slightly different allocation %s, and collect big fees for this. I've had similar ideas to WFJ, though for me it's just easier to buy tobacco stocks (MO/PM/BTI trifecta) and hold them for their ...
by xmj
Sat Jun 18, 2022 7:50 am
Forum: Work & Education
Topic: Monetizing interest in extreme personal finance
Replies: 25
Views: 1925

Re: Monetizing interest in extreme personal finance

You could create yet another FIRE blog, write one post every two three days for a few years, then at some point launch a podcast, publish a book, go on a publishing tour (through the other FIRE podcasts), and then do Consults. Now of course this is not a new approach, and it'll take you a while to p...
by xmj
Thu Jun 16, 2022 12:40 am
Forum: Money Questions
Topic: Investments Trade Log
Replies: 2897
Views: 621225

Re: Investments Trade Log

There's this beautiful comedy clip on "EVERYTHING IS FINE", https://www.youtube.com/watch?v=C7sE0agEVNg

Comes to mind a lot these days watching CB pressers...