Forum Replies Created
-
AuthorPosts
-
an
Participant[quote=flu]…well I’ll be the first to admit… I missed this bull run that happened on the way up (at least part of it )…. My allocation missed my mark….
Oh well, you win some , you lose some….
No I have no choice but to wait and see….[/quote]
Luckily I follow your advice and do the opposite of you… j/k :-D. I was in the market the whole time. I lose some in APPL option, especially after today, but I have GOOG call to hopefully offset that. NOK, AGNC, SOXL, QCOM, PT have been treating me well. Especially NOK when everyone was bashing on them. I got in at ~ $2.6x.Participant[quote=no_such_reality][quote=flu][quote=no_such_reality]
It may be 10 years out. Maybe 20. But think of how many people you work with are really just doing stupid language tricks.[/quote]
I would say a lot of them 🙂
Meh.. I don’t care. I’m out the workforce by then.[/quote]
Hopefully me too. But I’m thinking about your kid, and my 2 year old.[/quote]You’re bumming me out man. I too hope to be out of the workforce in 20 years, I’m hoping my kids will have more opportunities than I did. I’m an optimist, so I think that will happen :-). Or at least I hope it’ll happen.
January 23, 2013 at 2:16 PM in reply to: Over 21% of homeowners in SD County have paid off houses #758373Participant[quote=bearishgurl]Nurses today (even part-timers) at both Sharp Healthcare and ScrippsHealth can avail themselves of a funds-matching retirement plan (emp contributes 40% and org contributes 60%, I believe).[/quote] Wrong.[quote=bearishgurl]I’ve been incarcerated in the hospital for a few short visits and have also visited several relatives in ICU for several days at a time. In observing and talking to nurses, the job seemed to me to be prestigious and rewarding to them, especially for those who have many years tenure :)[/quote]It’s rewarding not because of the pay or the benefits. They do what they love, at least the good and cheery ones. Those are also the one that have been around a long time because they love what they do. Those who don’t, won’t be able to hack it and leave or they’re like you can complain about all the little things that inconvenient you, even when everyone else is doing the same or worse. It’s also not rewarding when your patient die under your watch.
January 23, 2013 at 11:46 AM in reply to: Over 21% of homeowners in SD County have paid off houses #758322Participant[quote=bearishgurl]Yes, AN. I am WELL AWARE of what nurses do. HOWEVER, the FT ones got paid and get paid more than twice as much as I did/do.
People who major in nursing want to do this kind of work, no?
From your prior posts, I understand your spouse is a nurse and that she only worked one day a week (or something like that). A part, part-time nurse gig can’t possibly be as stressful as having to show up at a hospital 4-5 days per week on time for an 8-12 hr shift on your feet.[/quote]So, because you want to be a RN, somehow, all of that $hit is OK? So, are you saying you don’t want to do your kind of work?
It has nothing to do with me or my wife. I’m talking about general here. Your diatribe some like whining about things that’s hardly difficult when compare to other professions. I bet 1 day as a nurse is harder on your body than a week at your job. I have much respect for all nurses out there and the kind of $hit they have to deal with, literally.
January 23, 2013 at 11:19 AM in reply to: Over 21% of homeowners in SD County have paid off houses #758313ParticipantBG, do you have to clean up $hit? Do you have to deal with people with AIDS, TB, TDAP, etc? Do yo have your customer throw stuff at you, call you name, hit on you, etc? Do you have to lift 300lb+ people? Do you have to help those 300lb+ to the bathroom and wipe their butt? I can go on, but that’s what nurses have to deal with today. Not to mention that they have clock in and out just like you. But they also get written up if they work too late or take lunch too late or come in late, etc.
Participant[quote=flu]Well that was quick…
http://www.sdlookup.com/MLS-130003875-11011_Westonhill_Dr_San_Diego_CA_92126
“Short sale. Sold before mls”[/quote]
Yeah, that’s just crazy. Where can I get in on deals like that.ParticipantWow, they just increased the price by $9900 or 5.5%.
Participant[quote=livinincali]I agree completely. There will be money for law students and doctors, but it may not be up to $225K. It could certainly be less and if it’s less those universities providing those degrees will be forced to compete and likely have to reduce prices. That’s the entire goal of changing the way student loans work.[/quote]Not only will it be less but my bet is, the interest rate would be higher. After all, student loan would then be not much different than any other un secure debt, like credit card. Just because it’s a doctor and lawyer doesn’t mean they can always easily repay the debt. These are kids who just turn 18 and have no credit history. It doesn’t matter how much you make, if you spend more than you make, it’ll be just as hard to pay back your credit card/student loan debt.
January 22, 2013 at 3:21 PM in reply to: Over 21% of homeowners in SD County have paid off houses #758255Participant[quote=squat300]A debt free education is a pretty bitching legacy.[/quote]
I guess we all have different expectation. If my parents, who came to America with nothing but the clothes on their backs can give me and my brother a debt free education 16 years later, I expect more from myself.January 22, 2013 at 3:15 PM in reply to: Over 21% of homeowners in SD County have paid off houses #758253Participant[quote=UCGal]AN – will you adopt me? $5M is a lot to leave your kids.
My kids will get a paid for college education… and our paid for house. We are *NOT* budgeting in an inheritance. But we also aren’t going to be a burden to them. They will need careers, same as we did.
We’re planning on using our nest egg to live. If the economy tanks for longer/deeper than historically has happened, then they might not get our house – since that’s our plan B. (Sell the house and live off the proceeds.) If we die younger than age 100 – they may get some inheritance…
Hopefully a 3% withdrawal rate should last me 40-50 years. Compounding and all that.
I’m also not of the mindset that you go 100% cash/CDs… not with longevity the way it is. You need to come up with an asset allocation that includes equities/bonds/cash/real estate/precious metals/whatever… pick your percentages based on your risk tolerance. but putting 100% in one asset allocation (cash) is a sure way to see a serious decline in your nest egg.[/quote]
The reason I’m factoring inheritance is because I’ve seen and know it take a long time (many generations) to build wealth. I want my family to become “old money” some day. So, I’m trying to do my part. My parents took a HUGE risk (their lives) to get me here. They live extremely frugal, take appropriate risk and leverage to provide me with an education that I don’t have to pay for. 30 years ago, they don’t speak a single word of English. So, I’m going to take the advantages my parents gave me and grow the family pot and give my kids even more advantage I didn’t have. But, that doesn’t mean my kids will be spoiled. That’s also another reason why we decide to live where we live. I don’t want them to tell me “but my friend just got a BMW for their birthday”. They will work when they’re 16. They will volunteer and give back to society. They will see their parents take care of their grand parents when they’re too old to take care of themselves and be expect to do the same when the times comes. They will learn what it’s like to work for your money and that keeping your wealth is more important than growing it. But they will have an opportunity to continue to grow the family pot the way I’m trying to do so right now. That’s where I’m coming from in reaching my number.We have been putting money away for their college since the day they’re born. They will not have to worry about the cost of college, even if it’s private school. But they will be expected to put that money to good use or it can be easily taken away. That money is not part of the $5M goal.
I tend to try and plan for the worse (or at least 95% of the worse) case and hope for the best. So, as long as I can get 2% from my $5M, I can live off that indefinitely. My plan is that, most of the $5M will be in CD/bond/etc. and every year that I don’t use up all the interest I made that year, I’ll take that money and invest in very high risk investment, hoping to get high return on it. But if it fail, it won’t affect my initial pot.
January 22, 2013 at 2:20 PM in reply to: Over 21% of homeowners in SD County have paid off houses #758246Participant[quote=flu]Funny I was thinking $10million @ 2%… Too bad I don’t work for google.[/quote]
I can live with $5M @ 2% too :-). I know what you mean, too bad when I was younger and can take the risk, the bay area wasn’t that hot (they were actually just got decimated by the .com crash). I would have retired in my 20s if I got lucky and got my $5M from stock option from one of the start ups.Participant[quote=FormerSanDiegan]… just checking in a year later… With Rich’s latest report showing median PPSF up 12-18% I’m feeling pretty good about this call.[/quote]
Nice call. Did you act on it?January 22, 2013 at 2:01 PM in reply to: Over 21% of homeowners in SD County have paid off houses #758243Participant[quote=cvmom]AN, where did you get your goal number of $5M savings for retirement? I am assuming that is for 2 people? Just comparing “numbers” (ER, I also liked that book).[/quote]
I when I retire, most of my money will be in a very safe investment (CDs laddering) and I’m only expecting to get ~3%. So, 3% from $5M will give me an income of $150k/year. That will be enough to cover all of my expenses, including medical insurance indefinitely. I want to leave the $5M to my heirs. My definition of financial independence is when my money will work for me instead of me working for my money. I also will be traveling a lot more than I do today, so, although I won’t have mortgage to deal with, my traveling and eating out cost will sky rocket. So, I want to make sure I have enough for that. Also keep in mind that I want to retire by the time I’m 55, so there will be many years where I won’t qualify for medicare and social security (although I’m not counting on either one of those to be there for me when I retire).Participant[quote=cvmom][quote=flu]I think it would be easier just to change your last name.[/quote]
To/from an Asian-sounding one? Or what is the point I am missing?[/quote]
From… -
AuthorPosts
