Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Calculators and following the dow daily
Old 05-11-2005, 10:55 AM   #1
Recycles dryer sheets
 
Join Date: Apr 2005
Posts: 118
Calculators and following the dow daily

Hello, I realize that financial calculators are used JUST as guide to helping one understand where they might be financially in the future. I was interested in knowing what are considered the best calculators in the onions of the readers of this home page. Please give me your opinions and express why you think so. Even though the calculators are only a guide they do sometimes make one feel more secure…but that might not be good.

Another question; I find myself following the DOW on a day to day bases how can I break this habit and do others have the same problem.

Thanks for your replies, Runnerr
__________________

__________________
runnerr is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Calculators and following the dow daily
Old 05-11-2005, 12:05 PM   #2
Recycles dryer sheets
 
Join Date: Jan 2004
Posts: 159
Re: Calculators and following the dow daily

Calculators: Depends on what you want. Try the Excel spreadsheets at www.retireearlyhomepage.com. Also the "i-orp" calculator seems to be held in high regard. Personally I "rolled my own" because I wanted to know what assumptions were being made and how the calculations were being made.

Dow: Stop doing that.

malakito.
__________________

__________________
malakito is offline   Reply With Quote
Re: Calculators and following the dow daily
Old 05-11-2005, 12:07 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Calculators and following the dow daily

Quote:
Originally Posted by runnerr
Another question; I find myself following the DOW on a day to day bases how can I break this habit and do others have the same problem.
I recommend pictures of skimpily clad women.

Also, I have NO calculators in my onions
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: Calculators and following the dow daily
Old 05-11-2005, 02:10 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,382
Re: Calculators and following the dow daily

One of the nicest things about this board is no one seems ready to jump in and hector people for being OT. I mean, if we are retired haven't we earned the right to be off-topic? What is the topic anyway? I just got up- is it onions? I recommend Vidalia sweet onions, from Georgia. Next best are our very own Walla Walla Sweets. The difference is small, not really calculable.

Mikey
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Re: Calculators and following the dow daily
Old 05-11-2005, 02:22 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Calculators and following the dow daily

Well, I can be hectored or heckled about off topics.

Good luck with a behavioral change though... :P

As far as calculators, I ran them all. They all said I'd probably be ok. None of them know for sure. Neither do I. But I think everybody has to satisfy the mathy/analytical component of their head with regards to early retirement before they can settle down and get comfortable. Reduces the fear of the unknown.

I like firecalc and ORP. One is simple, one is complex. Satisfies the gotta-know-quick-and-dirty impulse and the must-have-the-details.

I spent an afternoon running ORPs and using a DFA portfolio analyzer. Printed out reams of data. Put them in a manilla envelope and put it in the filing cabinet for further future analysis. Apparently the 'future' hasnt arrived yet.

I've been getting some onions from sams club. Some sort of super sweet, I think they're either from hawaii or brazil. And lets face it, whats the difference? They're really good though. Make a nice salsa. Produced a terrific veracruz sauce for some mahi mahi I made sunday night too.

I'm still vaguely uncomfortable about strangers talking about my onions though...
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: Calculators and following the dow daily
Old 05-11-2005, 02:36 PM   #6
Recycles dryer sheets
 
Join Date: Apr 2005
Posts: 62
Re: Calculators and following the dow daily

Quote:
Another question; I find myself following the DOW on a day to day bases how can I break this habit and do others have the same problem.
I had this problem a few years back when my 401k balance finally got large enough that it would fluctuate a few hundred dollars a day. I remember this, which is significant because I don't have a great memory.

I remember I was invested 100% in the 20th Century Ultra Fund. I bought in when the found was about $36 share. This was just after it had come down from its all time high around $50. It proceeded to go down in the low 20s. What a dog this thing was! Must have been loaded up with a bunch of dot bombs. I think Morningstar was still rating it a 4 star at the time.

Anyway it was killing me to watch my money disappear like this and so I finally sold on a little bounce to $26. A painful, painful loss. Where is Ultra today? $27.45. So at least I didn't stay put in that turd of a fund for years like many others have. And you have to remember, Ultra fund was THE fund for years in the 90s. Money magazine and Morningstar used to gush about it.

Anyway, what I learned about myself is that I don't have high risk tolerance. I need slow and steady. I may have to work 10 years more than some people here but at least my stomach lining will be intact at the end. Ever since then I've been in more conservative, diversified stuff that has made money every year.

So what I'm saying is that if your mind is constantly worried about your investments then that investment style may be clashing with your risk tolerance or some other part of your mental makeup. If you're not worried and just enjoy watching your balance then I guess there's no problem!
__________________
BristolBane is offline   Reply With Quote
Re: Calculators and following the dow daily
Old 05-11-2005, 02:38 PM   #7
Recycles dryer sheets
 
Join Date: Apr 2005
Posts: 118
Re: Calculators and following the dow daily

Ok, I can take the harassment for miss spelling a word and it is nice to know that there are individuals out there in retirement land that are perfect. *I can guess that none of them have ever misspelled a single word. Must be nice but I would still rather be human and that way have a goal of improving. What do you folks have to live for you are already at perfection? *Thanks to the individuals that overlooked my mistake and were KIND enough to answer the obvious question. One more thing that my help my grammar: Is there a spell check I am missing on the message page?


Thank you, Runnerr
__________________
runnerr is offline   Reply With Quote
Re: Calculators and following the dow daily
Old 05-11-2005, 02:53 PM   #8
Recycles dryer sheets
 
Join Date: Jan 2004
Posts: 159
Re: Calculators and following the dow daily

Quote:
Originally Posted by runnerr
Ok, I can take the harassment for miss spelling a word and it is nice to know that there are individuals out there in retirement land that are perfect. I can guess that none of them have ever misspelled a single word. Must be nice but I would still rather be human and that way have a goal of improving. What do you folks have to live for you are already at perfection?
Evidently you can't take it very well. If you can't, this isn't the board for you. However, behind all the smart-a$$ comments are some pretty smart people. If you can grow a thicker skin the knowledge here will help you.

Quote:
Thanks to the individuals that overlooked my mistake and were KIND enough to answer the obvious question. One more thing that my help my grammar: Is there a spell check I am missing on the message page?
You're welcome, and I don't think there's a spellcheck here.


Quote:
Thank you, Runnerr
malakito
__________________
malakito is offline   Reply With Quote
Re: Calculators and following the dow daily
Old 05-11-2005, 03:05 PM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2003
Location: Kansas City
Posts: 7,408
Re: Calculators and following the dow daily

Thought it was interesting that my portfolio fluctuated one quarter in the minor 2000 - 2003 burp over 200k - more than I rolled over at the end of 92* - (-16.6%). Since my precalc backtested panic point was -22 to 25% a 73-74 type event - I did absolutely nothing.

The pucker factor was there. And I still watch the DOW. But the lead sled dog (75%) is balanced index - so here's to Vangard's computers doing their thing.
__________________
unclemick is offline   Reply With Quote
Re: Calculators and following the dow daily
Old 05-11-2005, 03:16 PM   #10
Moderator Emeritus
Martha's Avatar
 
Join Date: Feb 2004
Location: minnesota
Posts: 13,212
Re: Calculators and following the dow daily

Runnerr, I can't spell either--too many years of dependency on a secretary. And this isn't school; I don't care if I fail spelling. Used to have a client (which no longer exists so I am not telling tails out of school) by the name of LSPI. I had a new secretary and dictated the client's name. She typed it as "Alice PI." Had fun with that for years. Another time I dictated a memo about "puts" and "calls" where "puts" was typed as "putz".

We have to be able to laugh at ourselves. The "onion" was kind of funny. Spell check wouldn't help with "onion" anyway--it is a word. That is the biggest problem with people relying on spellcheckers. Goofy words get through.
__________________
.


No more lawyer stuff, no more political stuff, so no more CYA

Martha is offline   Reply With Quote
Re: Calculators and following the dow daily
Old 05-11-2005, 03:52 PM   #11
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2003
Location: Kansas City
Posts: 7,408
Re: Calculators and following the dow daily

Onions!!!!

When I grew up and lived out West - Walla Walla Sweets.

New Orleans - Vidalia Onions(?Georgia?).
__________________
unclemick is offline   Reply With Quote
Re: Calculators and following the dow daily
Old 05-11-2005, 03:52 PM   #12
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Calculators and following the dow daily

We're not only perfect, but we also have a sense of humor!
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: Calculators and following the dow daily
Old 05-11-2005, 04:27 PM   #13
Recycles dryer sheets
 
Join Date: Jun 2002
Posts: 374
Re: Calculators and following the dow daily

I lost interest in checking the Dow daily after I began checking VTI & EFA every hour or so.

hth,

Cb :P
__________________
Cb is offline   Reply With Quote
Re: Calculators and following the dow daily
Old 05-11-2005, 04:39 PM   #14
Recycles dryer sheets
 
Join Date: Jan 2004
Posts: 75
Re: Calculators and following the dow daily

runner,if you HAVE to watch the DJ every day,might perhaps consider studying japanese renko style charts and charting by hand.Wont dampen your portfolio gyrations any,but interesting patterns may start to jump out at you.Possibly one of the best things for DJ mania is a slug of diversified/laddered bonds,and watching CD's and rates will positively send you out to the tennis court or any other non market related pursuit.
__________________
real men dont use dryer sheets
ak4195 is offline   Reply With Quote
Re: Calculators and following the dow daily
Old 05-11-2005, 05:22 PM   #15
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: Calculators and following the dow daily

runnerr...............the "thick skin" comment was spot on.
It will serve you well in day to day life as well. Man, if you can't handle some flack you will NOT do well here.

JG
__________________
MRGALT2U is offline   Reply With Quote
Re: Calculators and following the dow daily
Old 05-11-2005, 07:22 PM   #16
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,076
Re: Calculators and following the dow daily

Quote:
Originally Posted by MRGALT2U
Man, if you can't handle some flack you will NOT do well here.
This from a charter member of Flack Magnets Anonymous.....

REW, 15 days to eR
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Re: Calculators and following the dow daily
Old 05-12-2005, 04:47 AM   #17
Thinks s/he gets paid by the post
BUM's Avatar
 
Join Date: Feb 2004
Location: Mid Hudson Valley
Posts: 1,778
Re: Calculators and following the dow daily

runerr,

Suggestion: Forget canned calculators and set up a spreadsheet without too much detail. Include all accounts, real estate, and valuables perhaps including any life insurance cash value. Sub total each item then subtract any debt. The total is your net worth. Keep your statements handy and update the dang thing a couple times a year.

This is a better picture rather than looking at daily portfolio spasms.
__________________
In a panamax down by the river.
BUM is offline   Reply With Quote
Re: Calculators and following the dow daily
Old 05-12-2005, 07:33 AM   #18
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: Calculators and following the dow daily

Quote:
Originally Posted by BUM
runerr,

Suggestion: Forget canned calculators and set up a spreadsheet without too much detail. Include all accounts, real estate, and valuables perhaps including any life insurance cash value. Sub total each item then subtract any debt. The total is your net worth. Keep your statements handy and update the dang thing a couple times a year.

This is a better picture rather than looking at daily portfolio spasms.
Good advice! Or, you could use my "back of the envelope"
system.

JG
__________________
MRGALT2U is offline   Reply With Quote
Re: Calculators and following the dow daily
Old 05-12-2005, 08:38 AM   #19
Recycles dryer sheets
 
Join Date: Apr 2005
Posts: 118
Re: Calculators and following the dow daily

Hey Bum, great idea and as a matter of fact I just had to do that for a pre nep agreement.
Yes I am finally getting married at 56. I figure with all the honey does list I have already been given and the ones to follow It will limit my time checking the Dow and my portfolio. But I will do as you recommended and put the information on a spread sheet or envelope and keep it up dated.

As for my previous response about readers being critical about spelling (onions or opinions, actually they are both great depending on the situation) I have to apologies and explain. One reason I left the job early is the fact the any little mistake a person made they hammered you for it and not in a joking way. After years of that I developed a conditioned response.* I have to remember that most people are on my side and just joking around, as with the spelling, it is just in fun and not to take it personally.* I am working on it.

Thanks for all the advice and understanding.

Runnerr
__________________
runnerr is offline   Reply With Quote
Re: Calculators and following the dow daily
Old 05-12-2005, 12:03 PM   #20
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Calculators and following the dow daily

Trust me, we're jokers.

Life is too short to be serious, and speaking for myself, I left all my serious back at the office 4 years ago.

But if you like, I can be serious and you can be roebuck, we'll wait for k-mart to eat the sears name and then we'll start our own department store which will feature a lifelong value stock. Some years from now we'll get some other lame retailer to buy us and we'll be rich. Rich I tell you! Hmm...well, looks like one of us has to be Rich as well as serious and/or roebuck. This is getting complicated.

__________________

__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 04:16 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.