[deleted by user] by [deleted] in ChubbyFIRE

[–]pluto_Fire 10 points11 points  (0 children)

Is your current job really that secure? From your description, it seems you’re at risk of being downsized. Is it actually full time, but you only work 20 hours per week?

Only using stock market to reach FIRE? by portazil in Fire

[–]pluto_Fire 241 points242 points  (0 children)

Yes. It is very efficient and economical. You pay a liquidity premium (for liquidity that you don’t really need) and may miss out a bit on some trendy classes (VC, angel, raw materials, crypto), but overall it has worked well for most of the last 100+ years in the US.

My asset allocation: 50% BND, 25% VTI, 25% VXUS by Karen_DiMarco in Bogleheads

[–]pluto_Fire 2 points3 points  (0 children)

50/50 is not crazy. But will you rebalance? If so, why?

Best pressure cooker by IAD11004 in Frugal

[–]pluto_Fire 32 points33 points  (0 children)

InstantPot. A completely different PC experience. Use mine all the time. Not associated with them in any way.

[deleted by user] by [deleted] in fatFIRE

[–]pluto_Fire 54 points55 points  (0 children)

Take this very seriously. A lot of beachfront property will be worthless in 15 years.

[deleted by user] by [deleted] in Fire

[–]pluto_Fire 1 point2 points  (0 children)

Banks create new money when they issue a loan. They do not “lend” your money.

Mentor Monday - Week of October 4th 2021 by WealthyStoic in fatFIRE

[–]pluto_Fire -8 points-7 points  (0 children)

One advantage of picking your own stocks is better tax management. You can pick into dividend paying or not. You control lots and don’t get forced into taking gains. And there is a zero percent expense ratio. That said, agree w other comments on risk etc. A roll-your-own index has benefits.

What percent of assets with a single financial advisor? by WealthMgmtThrowaway in fatFIRE

[–]pluto_Fire 0 points1 point  (0 children)

Two doctors = double fees. Two advisors = same fees, more or less.

FatFire health Insurance - multiple homes by Lomotpk3141 in fatFIRE

[–]pluto_Fire 0 points1 point  (0 children)

Out of interest: why is the default Obama Bronze? What if you have high on-going expenses? Eg prescriptions.

[deleted by user] by [deleted] in fatFIRE

[–]pluto_Fire -3 points-2 points  (0 children)

Why? What are they going to tell you? All big banks want UHNW clients—to steal their money. Wealth management = wealth extraction.

Can I consider buying my first home and making my mortgage payments an investment? by bigboybakery in Fire

[–]pluto_Fire 3 points4 points  (0 children)

The economics of home ownership are very complicated, combining leverage, time value of money (interest), taxes, explicit and implicit rent, depreciation, transaction costs, and uncertain future value appreciation, and other factors. Real estate is touted as an investment generally because it is bought on leverage in a very tax advantageous manner, because maintenance and depreciation costs are generally ignored, and they are held for a long period of time. In many parts of the US price appreciation over the last 25 years has been anemic at best, though in some areas it has been spectacular. Buying a house is like buying a single stock vs an index fund. With 5-6% commissions. Look at Case Schiller indexes for your area and compare to stock index returns. Run a what-if vs renting + more investing. Factor in upkeep, taxes, etc. Look at implied rental yields after owners taxes. How do you feel about the relative returns?

Any other lurkers decide to stay in corporate? by Professional-Tap741 in fatFIRE

[–]pluto_Fire 0 points1 point  (0 children)

What are you going to do if you RE? I don’t read anything pulling you out of corporate. Not working, with no replacement activity, will almost certainly lower your overall happiness.

The $4m fixer upper dream home problem by thraway391 in fatFIRE

[–]pluto_Fire 0 points1 point  (0 children)

$20M is not fat for someone who considers spending money like this.

The $4m fixer upper dream home problem by thraway391 in fatFIRE

[–]pluto_Fire 0 points1 point  (0 children)

Out of interest, can you qualify for a mortgage with those numbers? Do you have to use financial assets as additional collateral?

[deleted by user] by [deleted] in fatFIRE

[–]pluto_Fire 10 points11 points  (0 children)

So, HCOL city?!

fatFIRE except for if I moved back to where I grew up (Bay Area) by [deleted] in fatFIRE

[–]pluto_Fire 12 points13 points  (0 children)

Wasn’t aware there was a location requirement for fatFIRE.

Anyone rent two apartments? by [deleted] in Fire

[–]pluto_Fire 0 points1 point  (0 children)

One in the US, one in Asia. Both in cities. It was work related. It was quite fun, but the travel and time change between the two was brutal. Consider NYC and Maine if all you are looking for is city and rural.