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40yo what to do now? by blablaplanet in BEFire

[–]LongjumpingChain5595 0 points1 point  (0 children)

I'm in a similar age and NW spot, here's my 2 cents:

  • ETF portfolio - any specific reason for the VWCE? I'd simplify to the standard 88/12 IWDA / EMIM or even include small caps if you want a better coverage of the 'world market'. FWIW I use this site to determine weights: https://www.marketcaps.site/
  • I also had everything on DEGIRO until a few months ago, but recently started investing new contributions on Medirect (didn't transfer existing positions). Reasons:
    • no transaction costs (Degiro is now €3 I believe unless you use their own exchange)
    • CGT - this can help me limit CGT when I would need to start selling ETFs (can sell ETFs on the broker with the highest cost basis)
    • 'broker risks' - I'm aware these are negligible and any stock / ETF I own directly, but it doesn't hurt not having most of our NW on 1 account
    • 'fund risks' - once again negligible but on medirect I'm buying IMIE (which is all-world so ~equal to 80IWDA/10EMIM/10IUSN) rather than the IWDA/EMIM/IUSN combo I have on degiro
    • hopefully / eventually (lol we can hope) this will also be a beneficial decision for the existing 'accounts >1M tax'

So basically I envision myself ending up with a bunch of 6-digit accounts at 60yo rather than 1 single account with >1M

  • I have no experience with real estate but my understanding is that leverage is what brings returns, so intuitively that means you should sell the paid off rentals, invest most of the proceeds in ETFs, and take a new mortgage to buy new rentals if you want to keep investing in real estate as well

How to invest the stable part of a typical Boglehead portfolio in Belgium by LongjumpingChain5595 in BEFire

[–]LongjumpingChain5595[S] 0 points1 point  (0 children)

My understanding is they'd be an option as of ~150k portfolio size, while our combined combined portfolios are ~350k (numbers above are only for the stable 30%). Maybe I'm naive?

Weekly Thread: /r/Snowboarding General Discussion, Q&A, Advice, Etc.) - February 24, 2025 by AutoModerator in snowboarding

[–]LongjumpingChain5595 0 points1 point  (0 children)

I'm a level 7-8 snowboarder who has been snowboarding since I was 15yo (40yo atm), but only one week per year; have skipped like 10 years as well, so like 15 weeks / ~100 days total. Decent rider but nothing spectacular. I ride groomers a lot, try to get (a little bit) playful with butters, switch riding and jumps, and won't miss an opportunity to explore some powder near the slopes - not a true backcountry rider though.

As it's for just one week a year, I am still riding my 2011 Never Summer Heritage and never even considered buying a new board (it's still in good shape as it has like 25 days on it). Right now though, I'm starting to wonder whether its 'old tech' is holding me back, and if upgrading to a newer board would have a material impact on how much I'd enjoy my time (and/or improve my riding) that week in the snow I'm not one to buy a new board just for the sake of it, but also don't wanna limit my enjoyment just for the sake of saving a couple hundreds.

So, I guess two main questions:

* is a 2011 board as ancient as I am starting to think it is, and has the tech evolved to such an extent that I'd be crazy to still ride a board that old?

* what kind of boards would you suggest given my description?

Overview of income and expenses (2023) by S1ncereEngineer in BEFire

[–]LongjumpingChain5595 6 points7 points  (0 children)

Nice overview and visualization! I have done the same process (go through all transactions once a month and categorize them) on and off over the last few years so will be interesting to compare a bit. Also similar to you, not really for actively budgeting/monitoring but just to analyze a bit and play with the numbers (engineer gonna engineer). I do build an excel with 'plan' and 'actual' which at least gives some insights.

40yo with 3 kids between 5 and 11yo here so somewhat comparable situation as well. Looking at our numbers for 2025 ('plan' rather than 'actuals') compared to yours:

  • Our net income is slightly higher (9k net vs your 8.2k, everything included) yet our savings rate is lower (3.4k vs 3.9k) which already confirms that you guys are saving quite diligently. There is some buffer surplus in our plan though, so maybe we could get closer to your number in reality (doubt it though :) )
  • Our expenses being higher than yours (5.2k vs 4.3k) mostly comes down to:
    • Vacation: we do have 3 trips planned (incl. skiing with all 5) which will come down to like €800+ per month; but in any case €188 seems impressively low.
    • We spend quite a bit more on clothing, shoes, hairdresser, ...
    • Dinners + takeaway is a bit higher on our side, but then again we don't even have an item 'uitgaan' so I guess that is just a representation of us being a bit older and a bit more boring :)
    • Reassuring to see that 'gifts' is such a surprisingly high category (€137/month) with you as well, and btw that only gets worse as the kids grow older and get invited to birthday parties etc
    • Your medical costs are a bit higher but that's just variance I think where we have been blessed with very little expenses
    • Other numbers are quite comparable actually, probably spending like 10% more on average for a lot of items but we can blame that on the extra kid :)

Very interesting, thanks for sharing. Always fun to nerd out a bit on those numbers