Helpful Comment from Fidelity Advisor

[Antares]

I know I’m going to die, so I will retire. I would prefer not to die with regret. I am fortunate. I have almost everything I want. The only thing I...

[Antares]

I make homemade fruit syrups for delicious cocktails. That said, I love a fine Bordeaux, Châteauneuf-du-Pape, brunello, or zin.

[Antares]

Also in the no camp. I have yet to see a sustained period of decreased economic activity. That said, I’m concerned about the significant possibility,...

[Antares]

One year from semiretirement. I am 70/30 and plan to continue that way. Five years of expenses in cash and some bonds. Will work 5-10 hours a week in...

[Antares]

I agree with you. Good point! I also enjoy the occasional cigar 🙂...

[Antares]

Woke up to this article. The tone of triumphalism was quite unpleasant with my morning coffee. Oz’ success came at the expense of his integrity. He...

[Antares]

100% call. Almost never get called.

[Antares]

I didn’t intend that to read “because I am nearing retirement, I see it the same way and have changed my AA”. Just that “at this point in my life...

[Antares]

Near retirement, I see it the same way. 5 years of expenses in cash, the rest in a diversified set of index funds. Five years should be enough. Nonetheless,...

[Antares]

I watch a lot of sports, but for me betting is like buying lottery tickets. I’m not interested if it wouldn’t change my life, because I’m expecting...

[Antares]

This would be a nice problem to have!...

[Antares]

haha, everyone’s older than someone...

[Antares]

This is very wise. Wouldn’t life be better if we worried about what’s actually happening instead of what might happen, especially when the worst of...

[Antares]

Its quite possible. I have no access to that info. The hard part is he talks such a good, confident game, and his reasoning is way beyond anything I can...

[Antares]

Personally I am staying the course. But I hate it, and I as I’m planning to go to semiretirement in one year, I would hate to go into that in the middle...

[Antares]

We (and the Europeans) have known for at least 48 years (1974 OPEC embargo) that it was foolish to depend on foreign oil. It distorts our politics and...

[Antares]

You said it well!...

[Antares]

That’s funny - I did the same. I laugh now at the summers I spent dutifully restaining my large deck, one third of the area per year, a full restaining...

[Antares]

This is a point of view that deserves more attention....

[Antares]

Not a fair assessment.
The west did not make Ukrainian policy nor decide for the Ukrainians whether or not they wished to defend their country....

[Antares]

Even if Putin has lost something off his fastball, he can’t possibly have the intention of remaining in Ukraine as an occupier. That would be untenable...

[Antares]

it is a lot easier to get weapons to Ukraine through Poland and Romania than to Afghanistan. I think it’s highly likely that this is happening as we...

[Antares]

And that was about as silly an energy policy as it gets if your primary goal is carbon neutral, even apart from the foolishness of increasing dependence...

[Antares]

The human carnage alone is criminal. But putting that aside, on the topic of educating those born in the US, I think not everyone sees the value to the...

[Antares]

Chances are good that Xi has known for a long time that the US would not intervene militarily in the event of a Taiwan takeover. But there would be serious...

[Antares]

Bertrand Russell in 1955, early in the nuclear age, wrote about control of nuclear weapons: “You may reasonably expect a man to walk a tightrope safely...

[Antares]

Oh! I forgot one of my favorites -
Peter Woit’s wonderful blog on cutting edge physics and math “Not Even Wrong” - if you are an interested...

[Antares]

Well I misinterpreted. I didn’t realize from the title that we were speaking only of financial blogs….Blogs compete now with podcasts and videos and...

[Antares]

I am well aware that people can intend various alternative meanings in the statement. I’d be fine with your “adversity builds strength” or “I...

[Antares]

“Everything happens for a reason” to indicate some kind of higher plan is responsible for an event. Really bugs me, although I don’t necessarily...

[Antares]

I acted on intuition twice. I elected not to act on intuition many other times. The sense that one has good intuition about the markets is probably a...

[Antares]

Done...

[Antares]

I did this on Feb 6, 2020, going against all my principles of investing. Sold a large percentage of my stocks. I did it because at that time I really...

[Antares]

I fully expect bad things in the coming economy and that asset prices will be negatively affected. I do not have confidence that any action I take will...

[Antares]

There’s strategizing but also plenty of luck. Which words you start with. Sometimes you get down to one letter but there are several options, etc.

[Antares]

Thanks - I couldn’t believe it...

[Antares]

Wordle 206 1/6

🟩🟩🟩🟩🟩...

[Antares]

Call it vanity if you wish. My education at a private university with tremendous resources set the stage for my own life of friendships, scholarship and...

[Antares]

It was hard enough for the first years of our kids lives to fund 10K/year per kid in our state 529 plan, let alone superfund. We were committed from the...

[Antares]

One of the terrific things about psychiatry private practice is that it is very amenable to cutting back. I anticipate going from 4 days a week to 6-10...

[Antares]

I wish I could help out. There’s very little I care about that costs money. For me money is mostly for security and to buy not having to work. There...

[Antares]

I have learned not to look during corrections. What good will it do me? I won’t like what I see and it will bother me. The price of making money in...

[Antares]

Well not exactly. I neglected to mention that the CFP in question was a college roommate and long term …..let’s use the term friend, although not...

[Antares]

Dude, your story sounds very much like the CFP I worked with from 2005 to 2012. I can assure you of one thing: on fees alone my portfolio is worth a lot...

[Antares]

Twice a year or so I talk to my Fidelity advisor, just because they offer you one if you have a certain account value. It’s usually pretty pro forma,...

[Antares]

The Hobbit is a wonderful book, but seriously, it pales in the face of LotR. I can’t imagine not being very glad you read it if you liked the Hobbit....

[Antares]

To me LotR is one of the true classics of 20th century literature. Plot, characters, and so beautifully written!...

[Antares]

I’m in the 30+ category. I constantly have at least one fiction and one nonfiction book going, often more. Voracious reader since childhood. I send...

[Antares]

I thought this was one of WCI’s best blog posts. I wonder how many will take it to heart? I experienced being an employed physician early in my career...

[Antares]

I rarely differ with you with such confidence Tim, but here I must. Bogle died in 2019. I know you are quoting, but from a long time ago. The quote makes...

[Antares]

I’ve been 100% telemedicine since March 13, 2020. I had two offices, gave up one, and the lease on the second ends in May. I do not see myself ever...

[Antares]

Just pointing out that there is no guarantee that viruses evolve only in less lethal or less severe direction over time. Sometimes that happens. Many...

[Antares]

I have convinced myself that confirmation bias led me also to the conclusion that Omicron is less severe. The S African population is much younger on...

[Antares]

I don’t usually post in this thread, but this thought, only two days ago, looks ironic from here. We are on the threshold of the largest wave we have...

[Antares]

Mostly because I want the option not to work. I aspire to have my time for whatever uses I wish to make of it. Secondarily, it used to be for security,...

[Antares]

Mine too in NY. One of the reasons for relocating when I don’t need to live here for work....

[Antares]

Tim, I assume that was a general comment, but in as much as I was the last respondent prior, for me SSs + initial RMDs are somewhat more than double anticipated...

[Antares]

10-18 months from semi-retirement, age 63
69% equities/7% bonds/ 16% cash or cash equivalents/ 8% alternatives. Not including home
Plan for...

[Antares]

As the OP, I will bring this back to my selfish point that motivated the thread. I believe inflation will force the fed to bump up the federal funds rate...

[Antares]

you will have a hard time buying NFTs without using etherium...

[Antares]

so close its extra painful...

[Antares]

yes, and the kind of unalloyed and undistracted attention you might like to bring to all the other things that are important to you...

[Antares]

Thanks. I’m sure you’re right. I’m at the local stream, panning for gold. Just in case. 🥸...

[Antares]

I guess my guess is as good as any economist. Except for some correct economist who happens to be right while the others are wrong. I don’t necessarily...

[Antares]

Whatever one makes of that, I think it’s notable that there are now several generations of investors who have never lived through significant inflation....

[Antares]

The thinking would be that the rise in the equities markets is in significant part due to artificially low interest rates, an issue that may be preceding...

[Antares]

Maybe I’ve missed a discussion of this topic. I have some understanding of investing, but only a rudimentary knowledge of macroeconomics.
We have...

[Antares]

I’m retiring in 12-18 months. I don’t have as much as you do, WBD, but I have enough. I am retiring despite liking my job very much. But the fact...

[Antares]

Relocating next year for retirement. My friend has a lovely house on a gorgeous but narrow spit of land near the water, and asks if I might consider moving...

[Antares]

Thanks so much Tim!
Yes, relocation is planned for Spring of 2023, but could potentially happen at any time after Summer ‘22, having satisfied...

[Antares]

I don’t relate to the notion of “rich”. Maybe it’s because I’m not. But I’m on the verge of retirement, I’m essentially financially independent....

[Antares]

Late to this thread.
”Who is truly rich? He who is satisfied with his lot”
- Ethics of the Fathers, Biblical commentary, circa 100...

[Antares]

All I can tell you is that as a psychiatrist, I have seen many people denied coverage entirely when on antidepressants. In general, nothing I could say...

[Antares]

Missed the bulk of this thread, but commenting to say that it recently became clear that I can retire. Knowing that shifts my mindset from one of preferring...

[Antares]

No FOMO or interest. I have too little time now to enjoy all the things I want to pursue. The last thing I want is something else to divert my attention...

[Antares]

This^^...

[Antares]

If you mean what would I do if I were you, I have no idea. If I were me, I would prepare for life after medicine, having put 40 years in since beginning...

[Antares]

I just hope telemedicine continues to be billable. It looks like unless insurance coverage mandates are extended, this expires in October here in NY....

[Antares]

I see the wisdom in this for you. Forgive me if you already addressed this because I haven’t been on this thread for a while and it’s over 300 pages...

[Antares]

Nice piece about an aggravating situation. Been there, my own version

[Antares]

I'm reading Seven and a Half Lessons About the Brain by Lisa Feldman Barrett, an articulate and highly esteemed neuroscientist. I'm enjoying her insightful...

[Antares]

A good recent podcast featuring Kahnman: https://samharris.org/podcasts/150-m...understanding/

I have Project Hail Mary - it's next up...

[Antares]

McWhorter is an independent thinker. I love hearing his point of view!...

[Antares]

So Stan Robinson is one of my very favorite writers. In fact, he's one of a select few who's every book I pre-order and read. The Mars Trilogy was my...

[Antares]

Agree, he's a great story teller, and he knows how to find and research an engaging angle. Just starting this one -...

[Antares]

Agree on nuclear. Newer nuclear technologies need to be part of the solution, and outside of the manufacture of nuclear facilities themselves, this strategy...

[Antares]

I’ve read a number of these that have Denver as the future Capital....

[Antares]

Agreed.

(Still, one can run one’s own practice instead of working for someone else in other models. But of course your point is well-t...

[Antares]

At some point apparently I became a fossil. Whatever happened to building your own practice? I know nothing of RVUs. I graduated residency, built a psych...

[Antares]

This is why it is crucial to record TV. Watch nothing live. Fast forward through all commercials. And don’t let someone else’s agenda determine when...

[Antares]

I’ve always thought I wouldn’t want to be in medicine if I weren’t a psychiatrist, but I guess I could have made it work. I prioritize the independence,...

[Antares]

Track and field is my favorite sport, and the Olympics its showcase. I can’t wait!
Sure, the 1989 Miracle on Ice will live forever in my mind...

[Antares]

In your case a FG is probably going to ice the game, so run some time off the clock, try to get another ten yards, and the game is won....

[Antares]

In fact, following his 25x base expenses in safe assets would result in a lower bond allocation for me....

[Antares]

The post also got me to click back on an old thread on the popular topic of “Stop When You Win the Game”
https://www.whitecoatinvestor.com/bern...

[Antares]

So I found BB’s comments on staying the course in bonds reassuring. I regular ask myself why I maintain 40% of low-yielding bonds (2 years from retirement)...

[Antares]

Not offended; appreciate your thoughts. You are right about the asset allocation change at the beginning of Covid. I made some decisions that were uncharacteristic,...

[Antares]

My wife and daughter have 12s. I think they are getting bells and whistles that would be a waste for me. My SE does everything I’d want....

[Antares]

This is my first post on BTC. I have been subjected to a lot of pro btc argumentation and blockchain education by a close friend. At this point 0.5% of...

[Antares]

If I figure out how to turn it on, sonny ...