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  1. Retirement is the #1 financial worry with 65% of Americans worried about it and a majority thinking about it 4 times per week. The core problem is uncertainty - people have no idea how much they need, because we have created a system around building assets instead of income. https://www.forbes.com/sites/stephenchen/2018/12/06/why-retirement-is-broken-and-needs-to-be-reinvented/#7feae4aa47cc
  2. More Pros and Cons about retiring early and some possible roadblocks https://www.marketwatch.com/story/heres-why-you-shouldnt-retire-super-early-even-if-you-can-2018-08-30
  3. tony

    Potential crash?

    Having lived through two major crashes I can tell you it does effect your emotions and you naturally feel like you need to do something. In my case it made me realize that 75% of my portfolio was in tech stocks!!. I had to get out and I did but I moved the funds to more diversified funds but still stayed in stocks. The second great recession taught me a lesson that I should have some money in bonds because even though bonds are boring they add some protection in downturns. Every correction large or small leaves us with a lesson to take forward. I learned a diversified portfolio is important, not just high flying stocks.I also learned that If you are patient, and do nothing ,you are more likely to come out ahead. Just keep investing. I know I repeat but younger folks will be tested if the market turns South in a major way. FIRE advocates might wonder what the heck went wrong. I say time is on your side if you stick to your ultimate goal. Unfortunately, some folks will flip out and start selling out of fear and that could make things worse short term for everybody. Regardless , mathematical calculations might not come out quite like you expect because the market is unpredictable as are people. My prediction is above in a previous post. I think the disappointing earnings reports and tariff uncertainty are definitely messing with people's minds . I think a recession is inevitable sooner or later but I think we still are O.K. Thank God I listened to John Bogle and kept my international's stock allocation low ( under 20%) because the stocks overseas are hurting much more. Everyone else out there was recommending a very high allocation to international stocks. P.S. Most money currently is being pulled out of bonds in droves. I wonder how smart that is at the moment.
  4. tony

    Potential crash?

    Thinking makes it so. I say Nope . And if I am wrong, I say so what?
  5. tony

    Fire Savers Race To Retirement

  6. Another article on Millennial Spending and Saving Habits . https://www.theatlantic.com/ideas/archive/2018/12/stop-blaming-millennials-killing-economy/577408/
  7. Another Fire Article. Don't think its been posted recently but If its a repeat please don't hold it against me. Also a visit with Money Mustache in the second link https://www.kiplinger.com/article/retirement/T047-C000-S002-young-fire-savers-race-to-retirement.html https://tribunecontentagency.com/article/retirement-a-visit-with-mr-money-mustache/
  8. In a different article which I won't post, the tuna industry was blaming the decline of tunafish sales on millenials because they don't own can openers. I guess the baby boomers spoiled everyone with their spending habits and now its time to return to reality? Opening Excerpt From Article below: Since millennials first started entering the workforce, their spending habits have been blamed for killing off industries ranging from casual restaurant dining to starter houses. However, a new study by the Federal Reserve suggests it might be less about how they are spending their money and more about not having any to spend. https://www.npr.org/2018/11/30/672103209/why-arent-millennials-spending-more-they-re-poorer-than-their-parents-fed-says?utm_source=pocket&utm_medium=email&utm_campaign=pockethits
  9. The pitch arrived in my aunt’s mailbox, just after her 80th birthday and in the wake of a few frightening weeks for retirement investors. “Tired of the stock market roller coaster ride? Want to protect your principal and lock in interest earnings?” the invitation read. https://www.nytimes.com/2018/11/30/your-money/retirement-annuities-steak-dinner.html?emc=edit_th_181201&nl=todaysheadlines&nlid=200074251201
  10. This may seem off topic but think of it. Everyday teachers get told by financial sharks how much their services(and fees) add value to the investor so they can get more out of the market . I had an advisor tell me once "You get what you pay for, so if you want to go cheap with investments with no expert guidance, go ahead but you will pay the price long term with underperformance" Still, so many of us, regardless of the product fall for the expensive, branded product thinking they are superior. WE don't always get what we pay for https://www.cbsnews.com/news/payless-sold-discount-shoes-at-luxury-prices-and-it-worked/
  11. tony

    How To Teach Your Kids About Money

    Steve I had never heard the quote before but I liked it immediately and it made sense to me.
  12. tony

    WE are STUFFED... With too much stuff

    I think it's o.k to have some stuff although some folks go way too far accumulating stuff that has no value. What bothers me is people who have lots of stuff but no savings or are deeply in debt because of buying stuff they don't need. Unfortunately anyone who has lived in the same house for a long time has accumulated stuff like it or not. I 've personally accumulated too many house and garden tools that I needed to make house repairs and maintain my yard. Of course I still use them but I shake my head how many home upkeep tools and gadgets I now own. At least I actually saved money doing home repairs on my own. I think stuff happens to all of us if you are not careful.
  13. tony

    How To Teach Your Kids About Money

    af·flu·en·za /ˌaflo͞oˈenzə/ noun a psychological malaise supposedly affecting wealthy young people, symptoms of which include a lack of motivation It works both ways. Some who I have known who came from "affluence" relatively speaking had no inclination to learn about money because they didn't have to.They lack motivation , ambition and direction in their lives. Daddy and mommy took care of everything. They didn't have to lift themselves up.When you grow up without much money that often instills in you a strong desire to succeed . Your parents financial situation as you grew up was probably a motivating factor in how you, Ed now conduct your financial behavior today. Look how much you know and how much you are saving. You feel the urgency. Would you have felt that urgency if you had grown up with every thing being handed to you? I don't think so. But of course there are always exceptions to every situation. I get your understanding that a better educated, affluent family could possibly influence financial knowledge because I have seen that too.
  14. tony

    Big Change At Vanguard

    Not a bad thing-being born on a different cloud . I probably was too. I like your " I know I'm right attitude" which you always try to back up with facts and opinions but always maintaining a polite demeanor. Truthfully I don't care about DCA anymore so maybe we can all move on from this.
  15. Interesting how so many articles are Fire related now or maybe its just me that sees the connection. It seems to me they(FIRE) are having an influence slowly but surely on our thought processes related to money. It needs to become a larger movement so that it influences more and more people to see the light. A part of me wonders though what would happen to our portfolios if suddenly no one purchased those luxuries and the status products that keep companies profitable and our portfolios growing. It may end up upsetting the apple cart.