Another perspective on a high-equity portfolio

[lazyday]

Quote:

Originally Posted by Nords I guess that they're only happy when they're kvetching, but geez. A few hours with them usually produces a "Life is good" high in us that lasts a couple hours.

So, their kvetching is good for you!

They say the Greek tragedies were supposed to make people feel better about their own lives.

Girlfreind and I watched Wild Strawberries last night, and it seemed to make her feel better about our relationship. And probably about me.

(Hmm, interesting manipulative strategy: expose potential significant other to lots of bad examples of other people of your sex, and you start to look good. Better wait till he/she knows you though, or it can backfire. )

[sgeeeee]

Quote:

Originally Posted by (Cute Fuzzy Bunny) Whats the age threshold for becoming a PIA?* I want to start a countdown...

That's the phase just before becomming a full curmudgeon. unclemick can tell us the exact timing.

[Eagle43]

Congrats Jarhead! You're ahead of us; but.... you're older. Tell me, the day you got married, did you see your shadow?

[cute fuzzy bunny]

Ohh...wait...the one i'm really interested in is the phase when i'm allowed to become opinionated...when is THAT one?!?

[haha]

Happy Anniversary Jarhead, to you and Mrs.J.* Many more to come for a deserving couple!!

Ha

[sgeeeee]

Quote:

Originally Posted by (Cute Fuzzy Bunny) Ohh...wait...the one i'm really interested in is the phase when i'm allowed to become opinionated...when is THAT one?!?

How old are you now? That's apparently when it happens.

[HFWR]

I'd say subtract, oh, about 40...

[unclemick]

Happy anniversary Mr and Mrs Jarhead.

As to opionated pain in the a## - that's just an uninformed opinion by those not clued into Curmudgeonism as an art form - no age requirements - but they DO tend to cut us older pharts more slack. Although I've heard 'excentric' - muttered in my direction more than once - grumpy Old F@#*, also.

Perhaps - a Walmart/Office Depot business card kit and:

C.I.T. - curmudgeon in training cards to hand out.

To my knowledge there are no State exams - like E.I.T - en-ga-neer in training.

Rather be a Curmudgeon than a financial advisor!

heh heh heh heh - recognition has to be fought* for.

[cute fuzzy bunny]

Quote:

Originally Posted by ((^+^)) SG How old are you now? That's apparently when it happens.

Dang. All this time I could have been opinionated and I was holding off waiting to reach the right age...

Oh well, think i'll have another bratwurst...

[Jarhead*]

Well, Shucks, thanks for all the congratulations on our anniv.

We can't use the kids for an excuse to stay together anymore, as they are long gone.

Over dinner last night, we were talking about "Buddy", my 3 year old Lab, who has turned out to be the best Duck Dog I've ever had. Absolutely loves the water, and likes to
show off his skills.

In any case, we decided to "soldier on" until Buddy goes to his "happy place". We'll review our situation at that time.

Buddy and I are tough to handicap at this point, to see which one of us reaches the finishing line first.

Jarhead

[Nords]

Quote:

Originally Posted by Jarhead* Buddy and I are tough to handicap at this point, to see which one of us reaches the finishing line first.

It depends on which one gets to sleep ON the master bedroom mattress.

I guess it also depends on which one has a better healthcare plan and someone cleaning up after them...

When I consider the life of our pet bunny, I have to question which of this house's species is really the superior being.

[cute fuzzy bunny]

I know exactly where I am on the food chain around here. Nowhere near the top.

[New Thinking]

One could take the view that most of you should have more bonds in your portfolio because your "human capital" is lesser than the average person's because you do not want to work (assuming that is why you want to ER).


I'll also raise the point again that the ballgame may change when you are in your 80's or you pass away and your spouse "has to" stay in stocks to make the money last.

[cute fuzzy bunny]

Quote:

Originally Posted by New Thinking your "human capital" is lesser than the average person's because you do not want to work (assuming that is why you want to ER).

Gosh it doesnt take much for that to sound insulting.

My "human capital" in my opinion is substantially higher than the average person. I dont mind work at all. I just have many much more interesting things to do with my life.

But thanks for the effort.

[MRGALT2U]

Quote:

Originally Posted by New Thinking One could take the view that most of you should have more bonds in your portfolio because your "human capital" is lesser than the average person's because you do not want to work (assuming that is why you want to ER). I'll also raise the point again that the ballgame may change when you are in your 80's or you pass away and your spouse "has to" stay in stocks to make the money last.*

No one "has to" stay in stocks, at any age, for any reason. There are always
alternatives.

JG

[Nords]

Quote:

Originally Posted by New Thinking I'll also raise the point again that the ballgame may change when you are in your 80's or you pass away and your spouse "has to" stay in stocks to make the money last.*

SamBro, a widower on the M* boards, is holding a 100% stock portfolio in his mid-90s.

He says he doesn't have to worry about any sort of long-term performance!

But when you're in your 40s, what else will beat inflation for six or eight decades?

[cute fuzzy bunny]

Sending your wife out to work for five to seven of them...

[haha]

Quote:

Originally Posted by New Thinking One could take the view that most of you should have more bonds in your portfolio because your "human capital" is lesser than the average person's because you do not want to work (assuming that is why you want to ER).*

I agree with this assessment. I don’t believe it is meant to be insulting; more to state a fairly obvious fact. It doesn't matter why the ER doesn’t want to work for money; the key element is that he will not likely be working for money. His withdrawal from work may be because he wants to become a concert kazoo player. It may be because he likes to enjoy sunsets in Tahiti. It may even be because he likes housework, but only on his own terms, not for some employer. I may even be because of interesting psychological dynamics in the family.

If this ER is for some reason forced to return to work (i.e. to employ his human capital)* the wage that he can command may be considerably reduced from when his HC was at it’s peak. This is especially true in technical fields where one’s skills get old fast.

A young person who is committed to retirement is just like an old person- he really hasn't much human capital. The only difference is that he had better have a lot more financial capital than the older retiree, because he has a lot longer to go, and he may experience more calls on his financial capital.

Ha

[cute fuzzy bunny]

Maybe I need a redefinition of what the term "human capital" is. I feel like I have plenty, and I employ all of it.

Whether I work at a job outside of the home or not doesnt seem to me to effect my level of "human capital".

[REWahoo]

Quote:

Originally Posted by (Cute Fuzzy Bunny) Maybe I need a redefinition of what the term "human capital" is. I feel like I have plenty, and I employ all of it. Whether I work at a job outside of the home or not doesnt seem to me to effect my level of "human capital".

I used to have quite a bit of "human capital" when I was younger and in the working world. Since retiring I've noticed that it has diminished to the point that about all I'm left with is a "human county seat".