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Old 05-18-2015, 08:38 PM   #21
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EDR50.... over 14k posts... quite a lot. --- not that this is good or bad...

the was a program for doing IRC chat called mirc as I recall. The guy who wrote something in some part of the help or author's comment that said something like " every now and then turn off the computer, go outside into the big blue room and interact with real people". I may have the wording a screwed up as the last time I used this program was maybe 20 years ago or more.

Dash man may just need a break.

There are many things that are consistently pushed around here... run firecalc, determine your budget, lots of ER push (much of this makes sense to me based on the purpose of the forum).

I know many people who will likely not retire as long as they are in a controlling position in a company. Many people here are living off rentals that they are running... is this retired? So... some different thought.

I would just assume Dash man needs some time to find out what he needs now.

ERD50... I just grabbed your nic because of the large number of posts... and for no other reason, so please to not take it personal-- not meant that way.
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Old 05-18-2015, 09:11 PM   #22
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I like all 4
+1
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Old 05-18-2015, 10:06 PM   #23
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Yeah, anti-market timing, pro-indexing, and pro-DIY are all pretty solid themes here.
I think that might be Dash man's point. One interesting thing I noticed is the difference between the ideas here and the top ten assets owned by millionaire next door types in the late Thomas Stanley's blog.
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Old 05-18-2015, 10:17 PM   #24
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I think that might be Dash man's point. One interesting thing I noticed is the difference between the ideas here and the top ten assets owned by millionaire next door types in the late Thomas Stanley's blog.
From the blog:
Quote:
The rank and the percentage of the aggregate wealth held in the top ten asset categories are as follows: 1. investment real estate (17.7); 2. closely held stocks (14.5); 3. publicly traded stock (12.6); 4. retirement assets (11.4); 5. personal residence (9.2); 6. insurance (7.2); 7. cash assets (6.9); 8. limited partnerships (4.1); 9. tax-exempt bonds (3.9), and 10. farms (3.1).
I don't get your point about these items being different from what is discussed here. With the exception of farms, all are frequent forum topics.
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Old 05-18-2015, 10:31 PM   #25
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I think that might be Dash man's point. One interesting thing I noticed is the difference between the ideas here and the top ten assets owned by millionaire next door types in the late Thomas Stanley's blog.
From that blog:

Quote:
Just what assets do millionaires own? Let's look at the data from the IRS' estate returns computed during 2007-2009 for those decedants who were under 70, married at the time of their deaths and had a gross estate of $2M or more.
These are not necessarily millionaire next door types--who knows how much they earned, and what they did for a living.
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Old 05-18-2015, 10:44 PM   #26
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I am treading on dangerous, heretical ground here, but to expand my point, from "Stop Acting Rich" by Thomas Stanley:

"Real safety is not a diversified stock portfolio....Many a millionaire has told me that true diversity has much to do with controlling one's investments; no one can control the stock market....Not at any time during the past 30 years have I found that the typical millionaire had more than 30 percent of his wealth invested in publicly traded stocks. More often it is in the low to mid-20 percent range. These percentages are consistent with those found in studies conducted by the Internal Revenue Service, which has the best dataset on millionaires in the world."
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Old 05-19-2015, 06:30 AM   #27
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I'm shutting down electronics for a while and I'm not sure if I'll be back. On the investing side there's a little too much group think for my taste. But I wish you all the best in your future. I think mine may be headed in a different direction.
Good luck with the search. Come back when you feel the need to share more thoughts about investing.
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Old 05-19-2015, 06:58 AM   #28
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........... With the exception of farms, all are frequent forum topics.
I disagree. There are frequent references to cow orkers.
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Old 05-19-2015, 08:16 AM   #29
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Re: Why we come here....?

For me, who is kinda money ignorant, a place to trade thinking on a vast number of subjects of general interest. With no broker, no trades, no 401K, no pension, no rental property, no Roth, no inheritance, or regular income stream except for an IRA, and some IBonds and SS... an outcast from the investing world.

Still a fun place to discuss life in retirement. A place to look ahead to what may be coming, to discuss places to go, health stuff, get answers, and other topics... that have to do with being unemployed... and of course LBYM.

So while early-retirement.org may not be for everyone, it doesn't mean that it's only about investing. (ummm... at least I don't think so)
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Old 05-19-2015, 08:27 AM   #30
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LBYM, sure.

Vanguard - no, some people really don't like them, feel their service is inadequate. Many prefer a place with B&M. No consensus there (this isn't Bogleheads! )

Debt Free? Surely you joke! Many of us are fine with debt in retirement, some would rather face Room 101!

"There's no right answer"? - Seems a few think they have the single right answer on all sorts of topics.

-ERD50
Maybe I overstated or you misunderstood.

I didn't mean to imply that EVERYONE subscribes to these points of view.

After daily visits to this forum over several years, these four (there are likely more) a certain general profile emerges among the crowd when taken as a whole. 60%? 80%? I don't know. Doesn't matter.

My experience with 'group think' is that even among the converted there remain doubters and exceptions.
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Old 05-19-2015, 08:33 AM   #31
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My experience with 'group think' is that even among the converted there remain doubters and exceptions.
Amen!
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Old 05-19-2015, 08:43 AM   #32
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Best of luck, thanks for your contributions.

I suspect most forums enjoy-suffer from group think WRT the central theme (ER here), right or wrong most people gravitate to other like minded people. I actually enjoy spending time online with people who are like minded re: investing, while reading divergent views on non-investing topics. An interesting mix IMO...
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Old 05-19-2015, 09:21 AM   #33
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While I'm a fan of indexing, there's something to be said about being able to control capital gains with a group of individual stocks, etc.

-ERD50
Granted, many here sing the praises of buy/hold/rebalance using low-cost index funds. I am one of them, though I won't necessarily argue it's the best or only way...

Problem with controlling the CG of a group of individual stocks, for me at least, is that almost all of my portfolio is in tax-deferred accounts, thus the "gains" are not taxed as such. It will all be taxed as income, assuming I want to actually spend it. And I do...

Bon voyage, Dashman. Not sure why the passive-aggressive post though. As far as I know there are no ER enforcers with ball bats...
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Old 05-19-2015, 09:39 AM   #34
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I don't understand leaving er.org. I can understand leaving bogleheads because the mods there can be a bit...strict is a nice word, but we have great mods here who even let conversations go forth on hot topics with the new hot topic warning banner, which is awesome.
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Old 05-19-2015, 09:57 AM   #35
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But I wish you all the best in your future. I think mine may be headed in a different direction.
I'm curious what that "different" direction might be.

And I have enjoyed your posts during my short (so far) tenure here.

_B
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Old 05-19-2015, 10:03 AM   #36
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EDR50.... over 14k posts... quite a lot. --- not that this is good or bad......

ERD50... I just grabbed your nic because of the large number of posts... and for no other reason, so please to not take it personal-- not meant that way.
Probably disagreed with folks 14K times. But who's counting

See, there's no group think here.

Good luck Dash Man.
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Old 05-19-2015, 10:12 AM   #37
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Maybe I overstated or you misunderstood.

I didn't mean to imply that EVERYONE subscribes to these points of view.

After daily visits to this forum over several years, these four (there are likely more) a certain general profile emerges among the crowd when taken as a whole. 60%? 80%? I don't know. Doesn't matter.

My experience with 'group think' is that even among the converted there remain doubters and exceptions.
OK, but I think that 'Vanguard' and 'debt free' are not as close to 'group think' as you may think. I still think there is some diversity of though there.

As someone said earlier, I don't view 'group think' as simply a number (majority? XX%?), but a way of thinking. Like: We almost all think "X". because we almost all think "X". If you don't think "X", go away, no reason need be given, it is simply accepted that "X" is true.

But you're right - it doesn't matter!

-ERD50
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Old 05-19-2015, 10:40 AM   #38
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May the future be good to you Dash Man.
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Old 05-19-2015, 12:04 PM   #39
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I don't understand leaving er.org
I can understand leaving anything. Taking a break from something and departing for other pastures can be invigorating and rejuvenating.

Happy trails Dash Man!
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Old 05-19-2015, 01:49 PM   #40
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[QUOTE=Major Tom;1594535]I can understand leaving anything. Taking a break from something and departing for other pastures can be invigorating and rejuvenating....
QUOTE]

Yes, and sometimes it's a relief.
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