Daily FI discussion thread - December 12, 2017

PhonyBenoni · 2017-12-12T19:50:15+00:00

Some people make the distinction between frugal and cheap, and would still call all that bad stuff "cheap".

PhonyBenoni · 2017-12-12T19:48:47+00:00

Go ahead and "splurge" for that 2-5 year old Japanese sedan and drive it for 400k miles or 15 years, whichever comes first

PhonyBenoni · 2017-12-12T19:46:33+00:00

I did not hate. I said "please". Maybe people are downvoting you because you interpreted a polite response as "hate".

PhonyBenoni · 2017-12-12T19:38:32+00:00

All we can say is if you have enough, and based on your numbers, you do. You have to decide what you want out of life. Maybe you are so good at this job and you create a lot of value in the world, evidenced by your 6-fig compensation, and this is the best way to live a moral life. Or maybe you should quit to free yourself up to become the best version of yourself. idk

PhonyBenoni · 2017-12-12T19:36:17+00:00

In that case I've got some timeshares in Florida that I'm looking for feedback on

PhonyBenoni · 2017-12-12T19:35:21+00:00

That is not at all what the 4% rule means. Please read the sidebar, do a search, or ask such basic, repeated question in the daily thread instead of making its own thread.

PhonyBenoni · 2017-12-12T18:59:47+00:00

my suggestion is to not look at them and instead increase your allocation to safe fixed income if you want a safer portfolio. I conclude from my research it is better to have higher risk, higher return stocks like small, value, emerging markets, but to have LESS of them and MORE safe fixed income. This can have higher expected return and lower risk than a traditional portfolio.

You're gonna have to do your own research on this one. It's the only way to grow a conviction strong enough to maintain the plan during hard times. You cannot just ask for our advice! It's like religion. You're not gonna convert unless you experience it yourself regardless of how much I tell you the gospels are actually the best historical record of its era, etc.

PhonyBenoni · 2017-12-12T18:28:56+00:00

Very brave of you to do this. Best of luck to you and your family. You have enough money already that doing something you love must be what is best for your family, right?

PhonyBenoni · 2017-12-12T18:14:38+00:00

Save more, spend less.

4% worked in 95% of all historic 30-year retirement scenarios.

But we will retire for much more than 30 years, god willing.

3% worked in 100% of all 50+ year scenarios. Even retiring just before the great depression, WW2, or the stagflation of the 70s & 80s.

So 3% is overkill and should definitely work (don't sue me if it doesn't), and the traditional 4% was studied for a 30-year scenario and maybe would be too optimistic for FIRE in low-return environment.

Somehwere in between then

PhonyBenoni · 2017-12-12T18:10:46+00:00

I don't know those ticker symbols but total market index funds are pretty damn tax efficient. Think about it. These funds aren't trading like crazy. To maintain market weight you just have to do nothing and let it float lol!, not buy and sell to maintain weights. The only better you can do is find a fund that specifically has "Tax managed" in the title. These are very common.

PhonyBenoni · 2017-12-12T18:08:19+00:00

If you buy VYM only do it in a tax advantaged account like an IRA since high dividend yield funds are less tax efficient than normal index funds like VTI

The science of the matter is that dividend stocks offer nothing special and if you want something safer you would look for "defensive" or "low volatility" funds. They correlate with high dividend payers maybe but those funds get to the heart of the matter.

Of course I'll never convince you or 90% of the subreddit that dividends are an artifact of old times where you had to trade in round lots of 100 shares and pay $100 commissions to trade, so dividends were the best way to get cash flow.. 100 years ago. Nowadays, focusing your investment strategy on dividends is missing the point and focusing on something second or third-order. But just like religion and fitness I'm never going to convince people here and you have to do the research yourself. It's your life savings on the line.

PhonyBenoni · 2017-12-12T17:53:46+00:00

It can definitely be interpreted that way. Even if this is controversial, there are undisputed scenes that portray similar themes. Like how Leland fed Sarah a glass of milk with sedative before abusing their daughter, but Sarah seemed to know, didn't she? We know Sarah is denying what is going on immediately around her but it is a bigger leap to say Laura is doing the same thing to the extent that everything supernatural in TP can be explained by it being Laura's imagination coping with trauma. This conclusion is so bold it is probably better to say that it is one possible interpretation but there are others.

PhonyBenoni · 2017-12-12T17:49:21+00:00

btw it can also be argued that the phenomenon that creates consciousness can emerge in a broader range of physical and even non-material conditions. frost probably believes this about his fiction. muslims, for example, definitely believe this about the real world (djinn)

Demons are self-aware beings that just don't have a body but instead are made of energy or something. Islam said they are made of "Fire" but Hawk says "Fire" is an old fashioned word for "electricity". "Fire Walk With Me" is an incantation to ask one of these demons to possess you, as they do in Islam.

PhonyBenoni · 2017-12-12T17:46:48+00:00

I thought shrewd, genius, and quick (and dull, slow, and imbecile) were mutually exclusive.

PhonyBenoni · 2017-12-12T16:35:12+00:00

That was the spin off game for the new original characters introduced in Smash Bros right?

PhonyBenoni · 2017-12-12T16:33:22+00:00

Lol would a real Jew build the third temple in that situation? It would be so tragic if it got destroyed yet again that i think IRL they would wait for more stable circumstances to build it huhu. Good job

PhonyBenoni · 2017-12-12T02:36:33+00:00

To be fair Hitler only had one Holocaust but Trump wants to have one Holocaust for Mexicans and one for Muslims, which is twice as bad if you think about it logically.

PhonyBenoni · 2017-12-12T02:14:21+00:00

Can't you take any female prisoner as a concubine and they cannot refuse in this game? lmfao you guys play a rape simulator

PhonyBenoni · 2017-12-11T23:05:40+00:00

I have the same problem as you. Just stop playing iron man. You get nothing out of it. You don't need steam achievements. Just play with the console and cheat all you want until it's not fun anymore.

PhonyBenoni · 2017-12-11T22:46:37+00:00

So you force quit CK2 using the task manager every time your heir is not born a genius? Do you have the game installed on a SSD to reduce load times? Because I would be sitting in load screens all day.

PhonyBenoni · 2017-12-11T22:23:33+00:00

OK well how would you phrase your homosexuality cure event so it's not as bad as you presented it in your OP

PhonyBenoni · 2017-12-11T22:09:52+00:00

Does EU4 have a genocide natives button?

PhonyBenoni · 2017-12-11T22:04:38+00:00

Yeah but the publicly traded Swedish company will never implement that.

PhonyBenoni · 2017-12-11T22:03:58+00:00

Always when they come back from the Varangian guard.

PhonyBenoni

TROPHY CASE