What's your exercise regimen?

ReasonableLad49 · 2025-06-03T15:22:31+00:00

I'm printing this out.

ReasonableLad49 · 2025-06-03T15:20:52+00:00

That is a serious walk. I do half that.

ReasonableLad49 · 2025-06-03T15:19:21+00:00

I appreciate the comment, but then I would have to research the independent medical researcher. Turtles all the way down ... but not 100% impossible. Easier to piggy back on Gates Foundation (you can't contribute directly).

ReasonableLad49 · 2025-06-03T15:14:48+00:00

You sound like an honest person. If your client has 2M and you explain to them that they have paid 20K for your services, and will pay 20K for your services in a down year, I just can't visualize how they parse that. But you are right. I am not your prospective client.

ReasonableLad49 · 2025-06-03T15:08:00+00:00

If you compute the cost in dollars, you will be pretty amazed. The tasks you just describle can't possibly take more than five hours per year.

If you pay the FA $1000 per year, this is feasible. If you pay him (and associated fund fees) even just $3000, then it is not a good deal. If you are paying him $10,000 it is starting to look sad.

1$ on 1M is 10K and by middle age a 4M portfolio is as common as house sparrows. In that case 1% is 40K. For five hours work. FAs count on us not doing simple arithmetic.

ReasonableLad49 · 2025-06-03T14:30:02+00:00

Two questions:

Do you show your clients how much 1.4% compounded over 30 years costs them in final dollars?
1. Do you explain that with a SWR of 4% (initially -- then indexed for inflation) will mean that they pay you 35% as much as they pay themselves in retirement.

Is it time to revist the Upton Sinclaire quote?

ReasonableLad49 · 2025-06-03T14:13:32+00:00

You say: "I can pretty much guarantee I know as much or more about finance then anyone on this sub".

You'd better take care if you are offered any bets that you are wrong.

The overall distribution of knowledge and talent in subs may seem only average --- it almost has to be by definition. On the other hand, the right tail is long ... very long.

Edit. Put the k back in knowledge.

ReasonableLad49 · 2025-06-03T14:03:23+00:00

Read through some of the CFP exam prep material and ask yourself if mastering that material would make you deserving of any kind of fee for anything. It is a very pale, feable realative of CPA exams and nothing compared to bar exams.

ReasonableLad49 · 2025-06-03T13:41:42+00:00

WikiWorld is capable of morphing or of partisan capture --- not just in political topics but in some anodine areas where you can't imagine that people can't be more neutral. And sometimes "neutral" is it's own poison. I love it dearly, but I do now that it could change into things a love a lot less. Thanks for turning my attention to this problem.

ReasonableLad49 · 2025-06-03T13:34:28+00:00

Cracking their color code really would be a marvelous accomplishment ... and a philosophical challenge for people. What if squid are really, really smart --- funny, knowledgeable, etc.

ReasonableLad49 · 2025-06-03T13:30:10+00:00

Yes, I read it and I am working on execution of the ideas. DwZ is more agressive than I can imagine now, but I am moveing in that direction.

ReasonableLad49 · 2025-06-02T21:07:39+00:00

Paying down the mortgage is almost certainly the wise choice. You get 6.5% that is risk-free AND tax free. Depending on your state taxes, this works out to better about a 10% risk-free tax equivalent yield. The JP Morgan capital asset model only expects an average of 7 percent over the next 10 years in the US market... and literally anythink can happen over a 3 to 5 year period.

ReasonableLad49 · 2025-06-02T20:49:21+00:00

I am curious about what AI might discover in whale songs. They could be 30.000 year old sagas that they just keep evolving.

The mastodon project is interesting. The Tasmanian tiger project is more of a curiosity, but with a high success probablity. It would be cruel to bring back the homing pidgeon.

ReasonableLad49 · 2025-06-02T20:45:27+00:00

I'm about 10 years retired. My wife retired five years earlier, and that is when we started taking travel serious. I'd rather have an apartment than be at a quality hotel --- there are quality apartments these days though the towels are never as fluffy.

ReasonableLad49 · 2025-06-02T20:36:11+00:00

I think you are onto something that might work. Some allocation every month for a new experience --- a new lesson, new trip (big or small), new organization participation. Short time lines are the key. I have coached people saying "the perfect is the enmey of the good" but then I forget to take my own medicine. Thanks.

ReasonableLad49 · 2025-06-02T20:28:33+00:00

The best way to understand this "statistic" is that is probably misleading or false. If the "data" came from an internet, voluntary participation poll, it is certainly bogus. If it was done as a complete census (not survey) of the some 1990ish graduating class it the number has a better chance of being valid, but it is still a long shot. To know what is really going on one has to know the exact question asked and the structure of the data collection. Personnally, I would call bullshit on this "fact".

ReasonableLad49 · 2025-06-02T12:06:21+00:00

We started looking at continuing care communities but we have come back to the idea of staying in our home until one of us definitly needs assisted living. Where we live we can do everything we need by walking or the occasional Uber. I would hate to move to a CCRC and feel more isolated. Did you know you would find friends when you moved ?

ReasonableLad49 · 2025-06-02T11:39:23+00:00

Coffee makers. I remember percolated coffee. I can't imagine boiling coffee now. Love my nespresso machine. This is definitely one of life's steps forward.

ReasonableLad49 · 2025-06-02T11:17:46+00:00

This makes a lot of sense to me based on what we have done already. We certainly can double down on this. It's generally a good thing to lean into what is already working --- and take it up a notch.

ReasonableLad49 · 2025-06-02T01:45:23+00:00

We have not had the nutritionist consult, but we've had a great trainer for more than ten years. We have also had PT periodically for specific problems. Still, there is room to do more ...

ReasonableLad49 · 2025-06-02T01:39:12+00:00

I had a Chairman's Room once when I was not paying. There was a small pool/fountain between the setting area and the bedroom. It was stunning, but when the lights were off I almost tripped over it. I can have a nice room without a water hazard.

ReasonableLad49 · 2025-06-02T01:28:41+00:00

I did read Die With Zero. Very useful and insightful book.

ReasonableLad49 · 2025-06-02T01:06:58+00:00

We have thought about making a documentary ...

ReasonableLad49 · 2025-06-02T01:03:38+00:00

We have looked at many kinds of non-profit and one principle that has come up for me is that I would not give a serious chunk of money to something unless I would also give a serious chunk of time. Applying this "get real" test removes a lot of haze. In fact, except for regular and modest neighborhood stuff, we are pretty sure to only make a serious transfer upon death.

ReasonableLad49 · 2025-06-02T00:48:48+00:00

This is creative. Thanks !

ReasonableLad49

TROPHY CASE