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Good points about pimco and about active/passive and I agree. I’ll look into their muni equivalent. Thanks.

The corporate and muni credit markets froze up for a few days due to pandemic. From CNBC on 3/17/2020: “ The swift hit to the U.S. economy from efforts to stop the spread of the coronavirus has created a crunch in credit markets that threatens to turn an economic downturn into a financial...

Au contraire :coolsmiley:, I believe parking cash IS an investment decision not to take investment risk. LOL:laugh:

Au contraire I believe parking cash IS an investment decision not to take investment risk. LOL

We keep 9 months of living expenses in vteb, (vanguard tax-free muni bond etf) which yields around 2% today but I’ve owned it since I retired in Feb ‘19 when it was yielding over 2.2%. The equivalent taxable etf from vanguard is vcsh. Low expenses and slight capital appreciation. Steady as she...

Thanks for the link. The Barron’s comment section and Bergen’s replies to comments are great too.

Congrats! Must feel nice to get the extra revenue stream coming in. After running the numbers in IOrp I currently plan to start taking mine at 59 1/2 so I have a good while to go.

Congratulations mdlearth! 10 months of fire for me from my crazy tech sales job and it’s been awesome especially with the market gains during my first year. I was only looking for 5-7% returns so I got lucky. I’ll have a virtual lunch beer with you as we hope for another year of solid stock...

We had a great 14 day trip this summer to Spain and Portugal and would go again. Flew into mad, flew to Porto, flew to bcn then back home from there. Toledo is great I hear but you should also try Porto. The food, weather (77F is high year around) scenery, cost of living, nice people and beaches...

Nice! Great cause! I’ve been laid up on the couch for a week with sciatica. I think I’m getting it under control but it’ll be another week. Oh well. Life is good.

Revisiting this thread because in addition to being a portfolio manager I’m now officially a wine tasting consultant. ��

Oh yes, we can all relate for sure. Kind of like graduating from high school or maybe college. Bittersweet. The quote about the ‘journey vs the destination’ rings true. It’s all good, we earned it and we all deserve it. I quit in February and never looked back. Take a road trip and get the...

This is more detail than you asked for but since I have one of the higher equity allocations in this thread I thought I’d explain my strategy. Left megacorp in February and I’m turning 55 in December. 95% equity, 5% Muni bonds (yielding 4.5%). I’m a Dividend Growth Investor holding 55 growth...

Caddy Shack CARL SPACKLER: What an incredible Cinderella story. This unknown comes outta nowhere to lead the pack at Augusta. He’s at the final hole. He’s about 455 yards away, he’s gonna hit about a two iron, I think … (Carl reels back and swats the head off of a mum. Petals fly like...

That’s awesome. I played golf today with two newly retired friends/former coworkers. We’re all in the same boat thinking back to all the BS we had to go through to get here to ER. Yet we’re so happy for each other. No more conference call Mondays/Tuesdays, dimwitted coworkers with egos who have...

I completely agree but I don’t even want to get into that with them. I guess when I said ‘justify’ what I meant to say was I hate having to even ‘respond to their surprise and questions’ because it’s none of their business but I’m too polite to tell them that. Also as an earlier poster...

I’m going to start using the ‘portfolio mgr’ reply because it’s true (my portfolio) and after 9 months people are now starting to figure out that I’m not working and have no plan to other than volunteer positions. Interesting enough I have no problem telling strangers who ask but I hate having...

Here’s my take on it: Around age 25, when your ds/dd is earning their own way you sit them down and have a discussion about do’s and don’ts on broad topics such as stepped up basis, Inherited IRA RMD’s, taxes, etc. nothing specific to inheritance amounts. As a matter of fact I’m a firm believer...

In the late ‘90’s, Merrill charged my relative $800 each way for a trade they recommended to get him out of MRK and into F (terrible advice but the broker did have a mortgage to pay after all). Like they can see the frikkin future. Not. It was a blessing in disguise. He sat tight through the Dot...

I use faxburner and it’s been fine.

Thanks FreeBear. Sounds like a good plan to me. Amazing how much some people like to hear themselves talk on those calls. As far as FIRE, the sense of freedom of traveling wherever I want, staying up late and sleeping in until 9am after 32 years at work is so much fun. I still have only told one...

Ahhhh Sunday night No early Monday morning conference calls to prepare for and stress about. Conf calls that accomplished very little. This used to be the worst night of my week before FIRE. Come to think of it, Tuesdays weren’t much better. Constant status reports and updates for...

Thankful for FREEDOM!

My last day at mega Corp. was February 4th when I retired at the ripe old age of 54 years old. I reran all of my numbers on Christmas Eve during the depths of the correction last year and figured if things were good with those numbers then it can only get better. My how lucky we’ve all been in...