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  1. Today
  2. For people retiring early, under 40 with 60 years of living to go, now that's a challenge for financial advisers, and for the investor. They cannot be overly aggressive or they risk losing during times like this, but if they are overly conservative like my portfolio of 30/70 they will not keep up with the standard of living. But that just touches the surface of what the FIRE movement is trying to do. They will figure it out. I have the fullest confidence they will figure it out, and the working, shopping and entertainment world are accommodating as we speak. This epidemic is going to be a game-changer for working, shopping and being entertained at home, so they don't have to own a car, just for starters! But that's huge. Cars alone are expensive during the life of a working person! But the working world itself will change bigtime. The investing world has changed so much during the last 25 years, and so it will develop again during the next 25 years. Costs of investments have gone way down. Robo advisers will hopefully replace human advisers, as all humans are way too emotional. The FI and FIRE movement will adjust to all of this and benefit, they are still young. My investment costs are so low, that in the last ten years, I have saved on costs alone to purchase two new electric cars and solar panels, to even save more money on filthy petroleum products and home electric bills. You mentioned about bad information for the FI and FIRE movement as some people may quit their jobs too soon. Let's talk about my boomer generation got a heck of a lot of worse information. We were sold hideous annuities, told to buy big homes, buy a new car every three years, get the latest and greatest expensive and useless crap ever. Except for the annuity ripoff, I was lucky that I never bought into that never save a dime crowd. My family was similar to yours and I grew up to always save a little and live frugally. My mother bought 3M shares as she was an employee and I learned about stocks as a kid, and how they worked. I never bought a new car during my working career and I used that money to invest in my 403(b) instead and have a nice nest egg to live off of now.
  3. MMMs blunt writing style is approachable and the forums on his site are a neat place to discuss personal finance tricks. There's certainly a good amount of bad advice that's spread in that community which could lead to people pulling out of the job market way too early. It's interesting to get Scott and Dan's take on the 4% rule and the FIRE movement. I've really wondered how CFPs would structure accounts to align with the idea of just quitting work early. Nicki Minaj retired early... sports athletes retire in their 30's... My family has always been frugal. Grandparents were "Great Depression Babies" and my dad was the son of a single mother, so getting good value out of something has always been a thing in our family. It'll be interesting how the world changes overall in response to this pandemic. What will the habits of the "Pandemic Babies" be like? My wife and I employ a lot of the FIRE ideas, but they really aren't all that radical: save, invest, reduce consumption, reduce waste. Most of it is just good common sense that leaves you better prepared in the event of an emergency. It would be great if they would rally the individuals to advocate for change so that those without the means would have a better chance at actual retirement. People don't always get the freedom to choose when they stop working, sometimes that choice is made for them.
  4. I read parts of MMM. As millions of his readers have already said over and over, he is one brilliant and insightful guy. He alone is made the word "Frugal" a lot less negative for the public. I have always liked it as we teachers are naturally frugal and so are engineers, but the general public does not. Now MMM has taken his message to help his followers psychologically through this mess. The FI and FIRE movement people are VERY savvy. Of course, some or many will make mistakes. Who here has not made investing mistakes? Or other life mistakes? We all have. As I have said before I love the movement to move to a less stressful life with less material crap, reasonable size houses, small cars, or no car and replace that unhealthy stress with a less materialistic value system with a more holistic value system.
  5. I am only calculating investments as shown in the tables above. If I am missing something please explain.
  6. Anyone track their net worth? That can be a much smoother looking graph to follow. YTD our investments are down -17.8%, but our net worth is only down -4.8%.
  7. MMM has a twitter discussion about it and he posted on his blog recently: https://twitter.com/mrmoneymustache/status/1245754175561949184 https://www.mrmoneymustache.com/2020/04/02/no-you-didnt-just-lose-half-of-your-retirement-savings/ Marketwatch wrote an article about how this recession will affect on the FIRE movement: https://www.marketwatch.com/story/a-recession-wont-end-the-fire-movement-but-it-will-change-it-for-the-better-2020-03-24 If you believe the market won't create wealth, we all have bigger problems coming...
  8. We are 40/60 stocks/bonds and are down 10.2% for the quarter. Haven't rebalanced yet, procrastinating I guess.
  9. The stock market wasn’t going to create wealth forever. So what about the FIRE movement? I personally mentioned in my posts as did others that the early retirement Fire movement might have been a bit too optimistic and perhaps a tad unrealistic.. Now things have changed as they eventually always do for one reason or another. We'll see how everyone adjusts. Link to article is below. https://www.nytimes.com/2020/04/02/style/fire-movement-stock-market-coronavirus.html?algo=top_conversion&fellback=false&imp_id=718283461&imp_id=14773195&action=click&module=Most Popular&pgtype=Homepage
  10. DK

    Q1 YTD Report

    25/75 equity/bonds -5.7% for the quarter.
  11. Yesterday
  12. It is obvious that end of February and all of March went NUTS! So, to nobody's surprise, the financial press reported that this past quarter was the worse since 2008. I remember 2008 well. What is different is how fast the markets went down from an all-time high on February 12th. My 30% stock / 70% bonds returned a negative 7.0%. This negative return is right in tune with my asset allocation when stocks went down 23% and bonds went up about 3.0%. Here are the particulars. Nothing new except that I added a tax-except from CA and the Feds muni fund.
  13. Last week
  14. Earlier
  15. Ceci Dominguez celebrated her 67th birthday alone in her home in the Elysian Valley neighborhood of Los Angeles. The threat of coronavirus kept her from friends and family—and from the part-time jobs and informal gigs that keep her frugal budget balanced. https://www.msn.com/en-us/money/retirement/coronavirus-shock-is-destroying-americans-retirement-dreams/ar-BB11JqJB?li=BBnb7Kz
  16. A great easy to understand video suitable as a reminder to all of us that it's probably not the end of the investing world for us . Thanks for sharing such good advice. Those looking for a bottom to this market sell off may be disappointed to learn that mega one day rallies like the ones we've experienced are typically NOT the start of a recovery. See Chart Below. We must be more encouraged by days and weeks and months when investors take modest bites at risky investments than in great mouthfuls. I'm glad your video mentioned Dollar Cost Averaging as one good method of slowly easing back in. We are not out of the woods yet. Unemployment rates are soaring but at the same time, there is money to be made in this new market or further money lost if you are not careful. Just like we should not ease up on this pandemic we shouldn't jump to conclusions that the market drop is over. Note: Everyone's situation is different.Anything I write on this website is my personal opinion and should not be considered investment advice. Please do your own research. Quote
  17. Thanks for the tip on this ebook, Tony. I subscribe to the NY Times, but it's nice to have this info in one place.
  18. Hey Dan, thanks to both you and Scott for the discussion+information at 7am. Part of the best day since 1933: https://www.msn.com/en-us/money/markets/dow-soars-11percent-in-best-day-since-1933-as-stimulus-deal-nears/ar-BB11DCB1 Take Care!
  19. Hi all, Sorry for late notice but Scott and I are doing a Video Conference on Investing and Market Turbulence today at 10am PAC/1pm EST. We will be doing more of these. Check our Events page: https://403bwise.org/events for details. Session Description Investing & Market Turbulence (Session 2) Tuesday, March 24 at 10am Join us for an interactive presentation and discussion on the recent market turbulence and what it means for saving for retirement. Zoom + Nearpod Using Zoom The event will be conducted via Zoom. If you have used this platform before simply click on the “Join Zoom Meeting” link. If you haven’t used Zoom before, click on the link now to download the software. This only takes a few moments. Here’s an excellent short tutorial on joining a Zoom Meeting for the first time https://support.zoom.us/hc/en-us/articles/201362193-Joining-a-Meeting JoinZoom Meeting https://zoom.us/j/208040088?pwd=WDVJRWFTTUczVDNsTXlvK0k1ZmRIUT09 Using Nearpod You don't have to have any experience with Nearpod to participate. Nearpod is a web-based teaching application integrated into the presentation that allows participants to engage in polls, questions, view , and share their opinions. Ideally you have two screens (one for Zoom and one for Nearpod). We will explain at outset. Please know you don't need two screen if using a laptop or desktop where you can open a second window.
  20. Steve and Krow I'm no expert here but my opinion is we can't shut down the country for months over this.The economic consequences could be worse than the virus . It would and will do incredible damage to our economy of the likes we have never seen. I think we should only ask people of a certain age to quarantine as well as those who have other illnesses eventually. The rest need to do their due diligence and take everyday precautions but return to normal routines.Certainly this drill is teaching us what precautions to take. Perhaps pockets of high concentration like New York, Seattle and parts of California and Florida should have more stringent rules. Let the governors and mayors decide. In Italy a certain Northern pocket of the country is where the problem is serious. The rest of the country not so much. Opening the gates will possibly spread the virus but folks usually can beat it so we in essence would be spreading immunity. I believe its called a "Herding Effect" I know that seems inhumane but having a 20-30% unemployment rate is inhumane too. I'm seeing great opportunities for businesses to invest in public health going forward. I know we should ignore the noise when it comes to investments right now .but I just sold my taxable international fund at a good loss. Seeing I seem to owe the government money ever year. it was an opportunity I could not pass up. I'm keeping my eye on my taxable accounts for tax loss harvesting as Whyme mentioned. So far I remain in the black in most of my funds. I won't do anything otherwise in my IRA accounts. I won't being paying my tax bill until July now. There is no easy answer to the horrible mess we are in. I pray for all that are ill and I certainly don't think the stock market or the economy is more important than human life. Tony Note: Everyone's situation is different.Anything I write on this website is my personal opinion and should not be considered investment advice. Please do your own research.
  21. Thanks Tony. Every crash is a surprise and the causes are different. The usual posters here have planned for something like this for years, and now is the time to probably quit looking at your portfolio for a while. You are all smart enough to not do anything right now but to hang on tight. I am in an advantage because I won the game years ago (after a massive loss in 2000-2002), so I quit playing with my conservative portfolio. I learned to construct my portfolio after making huge mistakes 20 years ago and I was in my early 50s. The most immediate danger is not getting sick, and friends, neighbors, and family losing their jobs. My two nieces lost their jobs as waitresses.
  22. Download the Book THE PDF file should open. Apple Books » | PDF » | Epub » | Mobi » (Additional help: Opening .mobi files on a Kindle | How to open Epub files on Kobo Reader, Barnes & Noble Nook, and Google Play Books.)
  23. I thought I'd share this with all of you . With so much misinformation out there this is a good reference. I found it in line with what I have been reading on responsible /reputable websites. I realize this is not about investing but considering what we all are going through, I hope it will be allowed to be shared. It does have a chapter on investing It's 160 pages plus long.
  24. Teach and Retire Rich Ep. #104 is up: http://teachandretirerich.libsyn.com/market-volatility-questions-104 Good to hear the discussion.
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