Stock Market bubble - will burst - it did, and recovered twice. ***Official thread***

[Horseman 2,767]

Some people's wives are the man of the household. You can tell which ones.  

[Grace Under Pressure 246]

Making your wife report all of her spending to you so you can track it is an interesting flex. 

[thegeneral 3,738]

Tracking spending to the penny is not in my DNA. I have a good idea of what’s going in and out. 

Having freedom of choice is something everyone wants, whatever it takes for you to get there I am pro-that. In my case I needed to shift what I save to fundage that I can access now versus when I get to at 59.5 or 55 in certain circumstances (would look into this). Had been too slow to do this mostly because just didn’t think about it and was happy to be in a place where I could save into these traditional retirement accounts. Maybe tracking every cent like a fanatic would have done that earlier .

More on the investment / markets in general..,I’m reading the 1929 stock market crash book by the CNBC guy and it’s pretty wild how many things are mirrored today. That level of fiasco won’t happen today but we are due a nice 20% shaving. 

[Horseman 2,767]

7 minutes ago, thegeneral said:

Tracking spending to the penny is not in my DNA. I have a good idea of what’s going in and out. 

Having freedom of choice is something everyone wants, whatever it takes for you to get there I am pro-that. In my case I needed to shift what I save to fundage that I can access now versus when I get to at 59.5 or 55 in certain circumstances (would look into this). Had been too slow to do this mostly because just didn’t think about it and was happy to be in a place where I could save into these traditional retirement accounts. Maybe tracking every cent like a fanatic would have done that earlier .

More on the investment / markets in general..,I’m reading the 1929 stock market crash book by the CNBC guy and it’s pretty wild how many things are mirrored today. That level of fiasco won’t happen today but we are due a nice 20% shaving. 

It absolutely would have gotten you there sooner. Much sooner than youre giving it credit.

Why are you funding for getting money now when earlier you said you're not retiring until 59 or 60 anyways?   Socking it away in Roth is a much much smarter choice. I would put any that I absolutely did not need between now and then into Roth (and HSA)

I never had to plan for that because of the required company stock buy backs. I'm roughly 60-40 tax sheltered-brokerage.   

Trust me please.  It's 100x easier to funnel money into Roth while you're still employed. 

[Horseman 2,767]

And for the correction thing.  We had a correction in April and look how fast we recovered.  Look how fast we recovered after the world SHUT DOWN in 2020.  

It's my belief we will never have a crash or correction that takes a decade to recover ever again. Stay the course, invest every dollar. If you have cash when a correction happens buy when everyone else is selling.  And don't forget to rebalance on the way down and again on the way back up in tax sheltered accounts.  

[thegeneral 3,738]

5 minutes ago, Horseman said:

It absolutely would have gotten you there sooner. Much sooner than youre giving it credit.

Why are you funding for getting money now when earlier you said you're not retiring until 59 or 60 anyways?   Socking it away in Roth is a much much smarter choice. I would put any that I absolutely did not need between now and then into Roth (and HSA)

I never had to plan for that because of the required company stock buy backs. I'm roughly 60-40 tax sheltered-brokerage.   

Trust me please.  It's 100x easier to funnel money into Roth while you're still employed. 

To have better flexibility. You never know if you get retired…not by your choice.

Cashing out on house was always a back up plan in my mind but am really set up in this area now with friends and social life and love the area so that has shifted in recent years.

[Horseman 2,767]

1 hour ago, Grace Under Pressure said:

Making your wife report all of her spending to you so you can track it is an interesting flex. 

With all due respect,  just stop. It's pretty clear to anyone with an ounce of brainmatter that certain posters here understand investing very well and then there are others that are sharing info and getting help. Then there is you making a fool of yourself.   

[lickin_starfish 2,045]

My wife pays zero attention to our finances. I tell her she lives like a millionaire, since she just swipes her debit card anytime and anywhere. She doesn't even know how to login to our accounts.

[thegeneral 3,738]

6 minutes ago, Horseman said:

And for the correction thing.  We had a correction in April and look how fast we recovered.  Look how fast we recovered after the world SHUT DOWN in 2020.  

It's my belief we will never have a crash or correction that takes a decade to recover ever again. Stay the course, invest every dollar. If you have cash when a correction happens buy when everyone else is selling.  And don't forget to rebalance on the way down and again on the way back up in tax sheltered accounts.  

I would not count on past history always being the same. Unforseen things like in 2008 that become obvious after the fact are always out there with the banker shitheads.

I know people don’t like to talk about it but all the inflation and issues that occurred were because of the money given out. I’m generally for this but it will take quite awhile to recover. How many more bailouts are out there? 

[Horseman 2,767]

Just now, thegeneral said:

To have better flexibility. You never know if you get retired…not by your choice.

Cashing out on house was always a back up plan in my mind but am really set up in this area now with friends and social life and love the area so that has shifted in recent years.

You should have six months (here we go again) of spend (if you know what it is) in case that happens.  Especially if you plan to keep working - put everything else into Roth. I mean you like your job and want to keep working, remember you can get some of the tax sheltered if all heck breaks loose. Best rule of thumb is 6 months spend.  Is there a mortgage on the house?  

 

[thegeneral 3,738]

1 minute ago, Horseman said:

You should have six months (here we go again) of spend (if you know what it is) in case that happens.  Especially if you plan to keep working - put everything else into Roth. I mean you like your job and want to keep working, remember you can get some of the tax sheltered if all heck breaks loose. Best rule of thumb is 6 months spend.  Is there a mortgage on the house?  

 

Having more saved is obviously good, and we are good there.

Regarding complete retirement, it’s how much you want to put away versus living life today. I enjoy how I live now life is good.

I don’t hyper focus on retirement and I understand you did which is great.

[Ron_Artest 2,553]

How many more times is horseman going to plead for the general to listen to his advice

This is pathetic.

[Horseman 2,767]

7 minutes ago, Ron_Artest said:

How many more times is horseman going to plead for the general to listen to his advice

This is pathetic.

As long as he keeps responding. I'm a good guy that way.  Is it possible to keep your slap fighting in the political threads or are you too easily triggered?   

[Ron_Artest 2,553]

4 minutes ago, Horseman said:

As long as he keeps responding. I'm a good guy that way.  Is it possible to keep your slap fighting in the political threads or are you too easily triggered?   

Good guy

You don't give a fock about anyone but yourself.  You just need validation.

[Horseman 2,767]

10 minutes ago, thegeneral said:

Having more saved is obviously good, and we are good there.

Regarding complete retirement, it’s how much you want to put away versus living life today. I enjoy how I live now life is good.

I don’t hyper focus on retirement and I understand you did which is great.

Sure thing.  Got it you're going to spend and not worry about it, youll be fine.  Done.  

I'm just saying if you're putting more than you need in un-sheltered accounts you're missing a huge opportunity.  The after tax 401k you have access to now, then to Roth, grows tax free FOREVER.  That goes away once you retire.  

[Horseman 2,767]

Just now, Ron_Artest said:

Good guy

You don't give a fock about anyone but yourself.  You just need validation.

That's a "no".  Sad.  

I feel for you. You stand to learn a thing or two.  Keep reading, maybe it will sink in. 

But keep your hard on for me in the political pen1s contest threads. Thanks.  

[thegeneral 3,738]

1 minute ago, Horseman said:

Sure thing.  Got it you're going to spend and not worry about it, youll be fine.  Done.  

I'm just saying if you're putting more than you need in un-sheltered accounts you're missing a huge opportunity.  The after tax 401k you have access to now, then to Roth, grows tax free FOREVER.  That goes away once you retire.  

I think you misunderstand me. I know roughly what I spend and I know what I make. I don’t track my random smoothie buy into a spreadsheet and won’t ever do this. I’m good with some margins on the edges. The wife has a great job, makes bank and does the same. Probably a bit more conservative than me.

Agreed on the Roth and after tax investments which is what I have been shifting to recently. I should have done this earlier but oh well.

[Horseman 2,767]

4 minutes ago, thegeneral said:

I think you misunderstand me. I know roughly what I spend and I know what I make. I don’t track my random smoothie buy into a spreadsheet and won’t ever do this. I’m good with some margins on the edges. The wife has a great job, makes bank and does the same. Probably a bit more conservative than me.

Agreed on the Roth and after tax investments which is what I have been shifting to recently. I should have done this earlier but oh well.

Sounds good. The whole before 59.5 has/had me confused. That's OK.  

[Horseman 2,767]

It's fun to make fun of tracking oreos, but my grocery category is the biggest of all my variable expenses. Like $1,700 a month when living in chitzville. Ridiculous.  I think we'll be quite a bit lower than that now.  

[thegeneral 3,738]

36 minutes ago, Horseman said:

It's fun to make fun of tracking oreos, but my grocery category is the biggest of all my variable expenses. Like $1,700 a month when living in chitzville. Ridiculous.  I think we'll be quite a bit lower than that now.  

Living in the city and eating out at new places, having cocktails and beers at new bars with folks is the best part. For me live in the city, walk or bike or Uber if a bit too far or raining is where it’s at. Vacation or camp in the remote areas. Then back to town.

Even if need to leave the big city and move to a small college town or the like will always want to live in or near the city center.

[Horseman 2,767]

2 minutes ago, thegeneral said:

Living in the city and eating out at new places, having cocktails and beers at new bars with folks is the best part. For me live in the city, walk or bike or Uber if a bit too far or raining is where it’s at. Vacation or camp in the remote areas. Then back to town.

Even if need to leave the big city and move to a small college town or the like will always want to live in or near the city center.

Yeah weve had this conversation. Now imagine you can do all those same things without the crime, garbage, homeless and oh yeah high costs of everything.  And yeah you CAN find remote, but go hiking on Mt Rainier on the weekend and you're fighting people with kids in strollers.  .  No thanks, remote is in my backyard.   

I get the NY/NJ tv streams and it's hilarious watcher their news compared to our local.  Rape, murder, fire, politics, corruption.  Every day. Our main story they're changing the curriculum in the schools.  Lol

But to stay on topic.  I didn't account for it, just turns out it's icing on the cake, but it's another way to get your spend down in retirement and retire potentially years early. Plenty of high salaries that saved a bunch and leaving CA for a cost of living half or more than what they had.  

[Horseman 2,767]

Uber IF it's raining.  

[thegeneral 3,738]

17 minutes ago, Horseman said:

Yeah weve had this conversation. Now imagine you can do all those same things without the crime, garbage, homeless and oh yeah high costs of everything.  And yeah you CAN find remote, but go hiking on Mt Rainier on the weekend and you're fighting people with kids in strollers.  .  No thanks, remote is in my backyard.   

I get the NY/NJ tv streams and it's hilarious watcher their news compared to our local.  Rape, murder, fire, politics, corruption.  Every day. Our main story they're changing the curriculum in the schools.  Lol

But to stay on topic.  I didn't account for it, just turns out it's icing on the cake, but it's another way to get your spend down in retirement and retire potentially years early. Plenty of high salaries that saved a bunch and leaving CA for a cost of living half or more than what they had.  

But you can’t do those things. There are multiple James Beard noms like 10 mins from my front door. Like 8 breweries. 100’s of restaurants. It’s just a fact. It’s why tiny houses that need work sell for over a million bucks in a couple days.

But different strokes and all.

If you wanted to go all hardcore I’m sure you could have spent less than 1700 on food wherever you lived before you just chose not to.

[Horseman 2,767]

2 minutes ago, thegeneral said:

But you can’t do those things. There are multiple James Beard noms like 10 mins from my front door. Like 8 breweries. 100’s of restaurants. It’s just a fact. It’s why tiny goods that need work sell for over a million bucks in a couple days.

But different strokes and all.

If you wanted to go all hardcore I’m sure you could have spent less than 1700 on food wherever you lived before you just chose not to.

You dont even know where I live. The best German restaurant I've ever eaten at is 30 minutes away. Closest brewery is 10 minutes, next one is 20 minutes.  You don't think the rest of the country has bars and restaurants?  Dude, c'mon. You're not that dumb.   

[Gepetto 1,488]

 

[thegeneral 3,738]

2 minutes ago, Horseman said:

You dont even know where I live. The best German restaurant I've ever eaten at is 30 minutes away. Closest brewery is 10 minutes, next one is 20 minutes.  You don't think the rest of the country has bars and restaurants?  Dude, c'mon. You're not that dumb.   

I’m talking walk and bike. You can’t live in the country and have all this stuff also at your front door. If I’m expanding the radius 30 mins now I’m talking too many places to eat at

This might sound shitty but people who live in Renton or Issaquah while I’m sure it’s great they don’t know shet about living in Seattle. Just how it is. May as well live in Spokane.  

[easilyscan 1,092]

21 minutes ago, Gepetto said:

 

"Poor people spend money to look rich"

That reminded me of something you'd see in those little classified ads in the back of magazine's ages ago.

https://www.imagebam.com/view/ME199IU7

 

[Horseman 2,767]

36 minutes ago, thegeneral said:

I’m talking walk and bike. You can’t live in the country and have all this stuff also at your front door. If I’m expanding the radius 30 mins now I’m talking too many places to eat at

This might sound shitty but people who live in Renton or Issaquah while I’m sure it’s great they don’t know shet about living in Seattle. Just how it is. May as well live in Spokane.  

For someone that travels as much as you do I would hope you understand that it's not just one or the other. I think you're too stuck in wherever you grew up/used to live vs Seattle. In reality its a mixture of thousands of different combinations with thousands of different things surrounding you.  I took the year before retirement to find the perfect mixture for us (not saying it's perfect for you let alone everyone).  And this is coming from someone who has lived in about 10 different cities across Amerca before I got stuck in Seattle.  I know how good the food is in New Orleans.  I know the restaurants in Seattle. Trust me, my wife would murder me if I took her somewhere that relatively  wasn't close to shopping and restaurants.  

Yes there is only 1 restaurant I can walk to.  But it has a bar and great Italian food.  I hope they don't go out of business like previous restaurants at that location because yes - it's hard to get a lot of business where I live.  Why?  Because Im in secret god country AND because 10 miles down the highway there is a bigger city with all kinds of restaurants and bars.   Enough we haven't tried them all in one years time.BFD.  And do you have any idea how many good Cheifs there are in the world?  

I can ride my mountain bike 10 miles on the Appalachian trail and see like 3 people. You can't do that. If we go to the lake on a weekday we practically have it to ourselves. You can't do that.  

[thegeneral 3,738]

3 minutes ago, Horseman said:

For someone that travels as much as you do I would hope you understand that it's not just one or the other. I think you're too stuck in wherever you grew up/used to live vs Seattle. In reality its a mixture of thousands of different combinations with thousands of different things surrounding you.  I took the year before retirement to find the perfect mixture for us (not saying it's perfect for you let alone everyone).  And this is coming from someone who has lived in about 10 different cities across Amerca before I got stuck in Seattle.  I know how good the food is in New Orleans.  I know the restaurants in Seattle. Trust me, my wife would murder me if I took her somewhere that relatively  wasn't close to shopping and restaurants.  

Yes there is only 1 restaurant I can walk to.  But it has a bar and great Italian food.  I hope they don't go out of business like previous restaurants at that location because yes - it's hard to get a lot of business where I live.  Why?  Because 10 miles down the highway there is a bigger city with all kinds of restaurants and bars.   Enough we haven't tried them all in one years time.

I can ride my mountain bike 10 miles on the Appalachian trail and see like 3 people. You can't do that. If we go to the lake on a weekday we practically have it to ourselves. You can't do that.  

Yea I travel all over the place. Seattle is unique. The mix of natural beauty, jobs, and culture is unlike any place I have been. It’s why people pay the premium to live here - which is kind of where the rubber meets the road versus personal opinion.

But who gives a fock if you are happy with where you live. 

[Mark Davis 437]

4 hours ago, Horseman said:

I 100% know what my wife spends.  Sorry you don't have a clue.  

 

I do spreadsheets for everything personal and business.  Been working all day on my year end closing spreadsheets for my business. 

This isn't for everyone, but my wife and I have always kept separate money.  I have a financial background and while she's not a spender, she never wanted to have to account for any of it to me.  We have a joint account we put into for kid spending, etc. where I put in a larger portion.  It's also easier when I'm taking distributions from the corp that it keeps the ins and outs cleaner.  But everything in and out of any of my bank accounts and credit cards are logged on spreadsheets.  Part of it is knowing where it all is, part of it is detail for business and tax reporting.  I also have an asset sheet that just has a few input cells for stock/mutual fund prices that updates a personal financial statement pretty easily.

 

[Horseman 2,767]

32 minutes ago, thegeneral said:

Yea I travel all over the place. Seattle is unique. The mix of natural beauty, jobs, and culture is unlike any place I have been. It’s why people pay the premium to live here - which is kind of where the rubber meets the road versus personal opinion.

And that is a very unique combination that I don't have where I live. 

But the notion that as soon as you leave the city you don't have good restaurants and bars around you is ridiculous.  

Same with your camping, hiking and skiing claims about Seattle.  

All with near zero crime, homeless, garbage, politics, grafitti as compared to Seattle.  And the chit weather 9 months of the year. All FACT. I've lived there.  

The first time we went to that lake (the one we mentioned above) There honestly was like 3 other groups of people.  It's a 100 acre lake. I asked the two kids that were working the Shack where you could rent kayaks etc (no motorized) if it was always like this (they had zero customers that day) they said yeah, but we get busy on the weekend.  Foking'eh, perfect for me. (Not saying Seattle isn't perfect for you)  

[Horseman 2,767]

15 minutes ago, Mark Davis said:

I do spreadsheets for everything personal and business.  Been working all day on my year end closing spreadsheets for my business. 

This isn't for everyone, but my wife and I have always kept separate money.  I have a financial background and while she's not a spender, she never wanted to have to account for any of it to me.  We have a joint account we put into for kid spending, etc. where I put in a larger portion.  It's also easier when I'm taking distributions from the corp that it keeps the ins and outs cleaner.  But everything in and out of any of my bank accounts and credit cards are logged on spreadsheets.  Part of it is knowing where it all is, part of it is detail for business and tax reporting.  I also have an asset sheet that just has a few input cells for stock/mutual fund prices that updates a personal financial statement pretty easily.

 

We do separate accounts too.  It just started out that way and we never changed. I did take over the keys to everything at some point. But she technically still has her own checking, savings, retirements.  

[thegeneral 3,738]

1 minute ago, Horseman said:

And that is a very unique combination that I don't have where I live. 

But the notion that as soon as you leave the city you don't have good restaurants and bars around you is ridiculous.  

Same with your camping, hiking and skiing BS claims about Seattle.  

All with near zero crime, homeless, garbage, politics, grafitti as compared to Seattle.  And the chit weather 9 months of the year. All FACT. I've lived there.  

The first time we went to that lake (the one we mentioned above) There honestly was like 3 other groups of people.  It's a 100 acre lake. I asked two kids that were working the Shack where you could rent kayaks etc "no motorized" if it was always like this (they had zero customers that day) they said yeah, we get busy on the weekend.  Foking'eh, perfect for me. (Not saying Seattle is perfect for you)  

Things are not accessible in the manner I’ve described is what I’m speaking of. This is what Seattle, more specifically the neighborhoods adjacent to the city has that other places do not. Even among large cities it is pretty unique and yeah you can then ski like an hour away or be on Mount Rainier hike up to a glacier and be back home in a day. Go to a temperate rain forest for the weekend via a ferry. Drive to world class red wine region in an afternoon. 

There’s no wrong answer as to where people think is a great spot to live though and I won’t argue with them.

[Horseman 2,767]

3 minutes ago, thegeneral said:

Things are not accessible in the manner I’ve described is what I’m speaking of. This is what Seattle, more specifically the neighborhoods adjacent to the city has that other places do not. Even among large cities it is pretty unique and yeah you can then ski like an hour away or be on Mount Rainier hike up to a glacier and be back home in a day. Go to a temperate rain forest for the weekend via a ferry. Drive to world class red wine region in an afternoon. 

There’s no wrong answer as to where people think is a great spot to live though and I won’t argue with them.

I agree in most big cities. Salt Lake City you can be skiing in 20 minutes and has all those things.  Denver has everything Seattle does. And they have all 4 seasons. 

But there are plenty that have similar or better in less populated areas. Getting out in nature is 10-20 minutes, not a day trip for us.  With no traffic.  It takes you two hours to get to Rainier primarily because of traffic. Lol.  

[thegeneral 3,738]

9 minutes ago, Horseman said:

I agree in most big cities. Salt Lake City you can be skiing in 20 minutes and has all those things.  Denver has everything Seattle does. And they have all 4 seasons. 

But there are plenty that have similar or better in less populated areas. Getting out in nature is 10-20 minutes, not a day trip for us.  With no traffic.  It takes you two hours to get to Rainier primarily because of traffic. Lol.  

Salt Lake is very nice and a beautiful setting no doubt, A bit weird tho if I’m being honest. It’s been awhile since I have been there, like 10 years so, maybe it’s changed. Way smaller as well. 

Denver also nice but too brown, too dry. I didn’t get the neighborhood vibes close to the city. May have missed those parts of town.

There’s nature, like you get in say Upper PI or Minnesota…beautiful. But not like North Cascades or Rainier. That shet is crazy. 

For my money Portland is closest of places I have spent time. Quite a bit smaller tho. Portland you get access to their coast which is nicer than Seattle with the little towns. Get a nice Pinot as well,  but prefer the Washington big reds.

[Horseman 2,767]

16 minutes ago, thegeneral said:

Salt Lake is very nice and a beautiful setting no doubt, A bit weird tho if I’m being honest. It’s been awhile since I have been there, like 10 years so, maybe it’s changed. Way smaller as well. 

Denver also nice but too brown, too dry. I didn’t get the neighborhood vibes close to the city. May have missed those parts of town.

There’s nature, like you get in say Upper PI or Minnesota…beautiful. But not like North Cascades or Rainier. That shet is crazy. 

For my money Portland is closest of places I have spent time. Quite a bit smaller tho.

Everywhere is going to be dryer than Seattle.  It never stops raining. You know why the big companies spend money there right?  The rain keeps everone indoors working.  Lol. 

Lodo, short for Lower Downtown, is where to be in Denver. All 4 major sports like Seattle.  Every weekend is celebrating something and they'll have blocks roped off.  Great restaurants.  If I had to pick a big city it would be Denver.  Politics gone downhill.  

Politics has ruined Portland too.  I remember going to the REI downtown.  Gone.  

[thegeneral 3,738]

20 minutes ago, Horseman said:

Everywhere is going to be dryer than Seattle.  It never stops raining. You know why the big companies spend money there right?  The rain keeps everone indoors working.  Lol. 

Lodo, short for Lower Downtown, is where to be in Denver.  Every weekend is celebrating something and they'll have blocks roped off.  Great restaurants.  If I had to pick a big city it would be Denver.  Politics gone downhill.  

Politics has ruined Portland too.  

We get our rain. We be useful in the upcoming resources wars. Don’t come sniffing up here Cali and AZ!

[Horseman 2,767]

2 hours ago, Gepetto said:

 

100% based. 

The only thing I didn't like was suggesting noobs invest in div stocks.  Should have said index funds.  

Should be required viewing for anyone on welfare.  

 

[Horseman 2,767]

7 minutes ago, thegeneral said:

We get our rain. We be useful in the upcoming resources wars. Don’t come sniffing up here Cali and AZ!

Why is water so expensive there then already?  I never understood that, should be free. Lol.  

[Grace Under Pressure 246]

9 hours ago, Horseman said:

With all due respect,  just stop. It's pretty clear to anyone with an ounce of brainmatter that certain posters here understand investing very well and then there are others that are sharing info and getting help. Then there is you making a fool of yourself.   

LMAO. Guy from nowheresville USA, who has his wife print receipts for him to track on a spreadsheet, calling anyone else a fool.

Pretty much anyone with a pulse has more wealth than this. “Oh I moved to a farm 100 miles away from a good German restaurant.” Do you even read what you post? 

Hopefully no one with here with actual money listens to this drivel. There’s better advice out there literally anywhere else.