AUTHOR: Y S on 12/31/2024 FIRST: R Quinn on 12/31/2024 | RECENT: Y S on 1/1
Comments
I do a categorization of my cash flow (banks, credit cards, etc.) once a month. I also question the necessity of this as my spending is pretty stable year over year and I don't spend excessively. I keep doing it for random questions that come up from time to time and the data is there for me to look things up. A potential downside of tracking expenses is that doing so may actually result in spending too little. Looking at variances, comparing with prior month or prior year, etc. may make one too spend conscious.
I'd make sure I have enough $ sooner than when you plan to retire. You're probably fine but most in Corporate America employees may get "retired" by their employer many years earlier than planned. And by enough, I also mean whether you stay married or separate (sorry to be Debbie Downer). I'd also shift more tax deferred assets to Roth. I'd start good health habits as soon as possible. I'd invest in strong relationships and community.
I've learned SO MUCH from JC articles, mostly giving me the confidence to simplify my finances (less FOMO). That said, the stand out has to be how to think about where and how much to put in safe securities. In the past, the general approach was to invest some percentage of my total investment assets (based on age) in maybe a core bond fund. This approach never sat well with me, it seemed arbitrary and also moved too much with equities. I now hold 5+ years of needed cash flow in short term treasury ETF. This approach makes sense to me and the swings on my equity holdings don't bother me knowing I have enough ready access to $ that have less price volatility.
thanks for sharing your thoughts. I didn't clarify that I hold total market or SP500 ETFs, not individual stocks. I supposed I could just assume a 25-50% drop overall during a downturn.
Comments
I do a categorization of my cash flow (banks, credit cards, etc.) once a month. I also question the necessity of this as my spending is pretty stable year over year and I don't spend excessively. I keep doing it for random questions that come up from time to time and the data is there for me to look things up. A potential downside of tracking expenses is that doing so may actually result in spending too little. Looking at variances, comparing with prior month or prior year, etc. may make one too spend conscious.
Post: Detailed tracking expenses and spending. Is there real value?
Link to comment from March 8, 2025
I'd make sure I have enough $ sooner than when you plan to retire. You're probably fine but most in Corporate America employees may get "retired" by their employer many years earlier than planned. And by enough, I also mean whether you stay married or separate (sorry to be Debbie Downer). I'd also shift more tax deferred assets to Roth. I'd start good health habits as soon as possible. I'd invest in strong relationships and community.
Post: What wisdom can you share?
Link to comment from February 15, 2025
will do, appreciate the feedback
Post: Bond Index Funds or Something Else?
Link to comment from January 29, 2025
While I use a short term Treasury ETF for my bond allocation, I recently came across ICSH ETF. If you favor a higher yield vs. state tax exemption.
Post: Bond Index Funds or Something Else?
Link to comment from January 29, 2025
I've learned SO MUCH from JC articles, mostly giving me the confidence to simplify my finances (less FOMO). That said, the stand out has to be how to think about where and how much to put in safe securities. In the past, the general approach was to invest some percentage of my total investment assets (based on age) in maybe a core bond fund. This approach never sat well with me, it seemed arbitrary and also moved too much with equities. I now hold 5+ years of needed cash flow in short term treasury ETF. This approach makes sense to me and the swings on my equity holdings don't bother me knowing I have enough ready access to $ that have less price volatility.
Post: Lessons you have learned from articles by Jonathan Clements
Link to comment from January 28, 2025
much appreciated
Post: Dividends during bull or bear market
Link to comment from January 1, 2025
Thanks, good to know about ex-US dividends.
Post: Dividends during bull or bear market
Link to comment from January 1, 2025
yes, I had thought to bring it down to 5 years worth at a minimum
Post: Dividends during bull or bear market
Link to comment from January 1, 2025
thanks for sharing your thoughts. I didn't clarify that I hold total market or SP500 ETFs, not individual stocks. I supposed I could just assume a 25-50% drop overall during a downturn.
Post: Dividends during bull or bear market
Link to comment from January 1, 2025
thanks, that is helpful. much appreciated.
Post: Dividends during bull or bear market
Link to comment from January 1, 2025