hocus has several outstanding posts at the Motley Fools discussion boards. They have financial value.
Copyright protection on these boards is limited.
http://nofeeboards.com/boards/viewtopic.php?t=929
The exclusion (of links to a password protected message board) is designed to damage hocus. It is as simple, subtle, petty and vicious as that.
Have fun.
John R.
FIRE FAQ?
JWR you are right, ES dreamed up the idea of a FAQ as a clever way to damage hocus.
I am less ambitious knowing that, I could never damage hocus' reputation as much as he does himself.
Many people posting here don't have or want TMF access.
On Saturday Hocus himself said:
I don't have plans to post links to any of my old TMF posts here. I have no objection to any others doing so, however.
Frankly I am losing interest in tracking down and linking to hocus posts myself although I don't object to anyone else doing so.
If hocus wants to share his "insights" he is free to post them at NFB. I fail to see why anyone at NFB would jump through hoops to link to the "good hocus" posts at TMF if we are getting the second rate ones here.
None of the really outstanding poster's at NFB has made any similar sort of demand.
I am less ambitious knowing that, I could never damage hocus' reputation as much as he does himself.
Many people posting here don't have or want TMF access.
On Saturday Hocus himself said:
I don't have plans to post links to any of my old TMF posts here. I have no objection to any others doing so, however.
Frankly I am losing interest in tracking down and linking to hocus posts myself although I don't object to anyone else doing so.
If hocus wants to share his "insights" he is free to post them at NFB. I fail to see why anyone at NFB would jump through hoops to link to the "good hocus" posts at TMF if we are getting the second rate ones here.
None of the really outstanding poster's at NFB has made any similar sort of demand.
Have fun.
Ataloss
Ataloss
- ElSupremo
- Admin Board Member
- Posts: 343
- Joined: Thu Nov 21, 2002 12:53 pm
- Location: Cincinnati, Ohio
Greetings John :)
From my point of view I do not like being linked to sites I can't view. I've done my best to avoid this in the index funds FAQ. This has nothing to do with hocus or copyrights. I have some great stuff over there as well. I guess it's gone forever!
We've checked out the copyright disclaimer for our site and it's suits our purpose. Once again if anyone feels they have a problem with a copyright here they should not post the material.
The exclusion (of links to a password protected message board) is designed to damage hocus. It is as simple, subtle, petty and vicious as that.
From my point of view I do not like being linked to sites I can't view. I've done my best to avoid this in the index funds FAQ. This has nothing to do with hocus or copyrights. I have some great stuff over there as well. I guess it's gone forever!
We've checked out the copyright disclaimer for our site and it's suits our purpose. Once again if anyone feels they have a problem with a copyright here they should not post the material.
-
- *** Veteran
- Posts: 174
- Joined: Sat Jan 04, 2003 4:00 am
- Location: Henderson, Nevada, USA
Would you repost your good stuff here?
From my point of view I do not like being linked to sites I can't view. I've done my best to avoid this in the index funds FAQ. This has nothing to do with hocus or copyrights. I have some great stuff over there as well. I guess it's gone forever!
I agree about not liking pointers to pay sites. Wanderer was kind enough to retrieve some of my stuff from the other place and post it here. Couldn't someone retrieve your great stuff from there for us here too? I'd like to see it. I may or may not have read it in the first place, but I certainly do not have 100% recall.
He who has lived obscurely and quietly has lived well. [Latin: Bene qui latuit, bene vixit.]
Chips
Chips
- ElSupremo
- Admin Board Member
- Posts: 343
- Joined: Thu Nov 21, 2002 12:53 pm
- Location: Cincinnati, Ohio
Greetings Chips :)
It all had to do with index funds and common sense investing for the most part. I didn't become a FIRE fan until we moved to the old board at MSN. Boy have I learned a lot from the FIRE folk!
Hopefully ataloss is right, I'll have a few more helpful things to say in the decades to come.
Couldn't someone retrieve your great stuff from there for us here too?
It all had to do with index funds and common sense investing for the most part. I didn't become a FIRE fan until we moved to the old board at MSN. Boy have I learned a lot from the FIRE folk!
Hopefully ataloss is right, I'll have a few more helpful things to say in the decades to come.
Possible FIRE FAQ
FIRE FAQ
Q: Fire?
A: Financial independence/ retire early. Originated by Wanderer.
Q: SWR?
A: Safe withdrawal rate. The answer to bylo's question "How much of my
savings can I withdraw in each year of my retirement without incurring an
undue risk of depleting my assets?"
http://www.bylo.org/saferetr.html
Gummy:
1. A number, expressed as a percentage (like 4%), called the SWR
... that's the Rate word.
2. This Rate determines (in some prescribed manner) how much to withdraw
from some portfolio value
... that's the Withdrawal word.
3. The result of withdrawing at this Rate will be that your portfolio will
last until you drop dead (or for 30 or 40 years or whatever)
... that's the Safe wordhttp://home.golden.net/~pjponzo/Safe-Withdrawals.htm
and:
When people talk about Safe Withdrawal Rates (see Bylo's list) they usually
assume certain Rules like
* rebalancing your portfolio at fixed intervals (annually, for example)
* maintaining some fixed allocation of assets (like 80% stocks + 20%
bonds, for example)
* withdrawing a certain percentage of your portfolio each year (like 5%,
for example)
* increasing withdrawal amounts with inflation (at 3%, perhaps)
http://home.golden.net/~pjponzo/sensibl ... rawals.htm
People seem to have different preferences on how to estimate a SWR (or calculate it with absolute precision in one case.) Some like to define their favorite method as the only correct SWR.
Of course one can consider withdrawals as a constant percentage of the portfolio:
http://www.efficientfrontier.com/ef/998/hell.htm
Or consider "the other swr," sensible withdrawal rates:
http://home.golden.net/~pjponzo/sensibl ... rawals.htm[/quote]
What web sites have FIRE related information?:
Index fund FAQ at NFB
http://nofeeboards.com/docs/faq.html
Gummy Stuff:
http://home.golden.net/~pjponzo/gummy_stuff.htm
Efficient Frontier
http://www.efficientfrontier.com/
Bylo:
http://www.bylo.org/saferetr.html
FIRE calculators
Cap'n Bill's FIREcalc
http://www.capn-bill.com/fire/
Chips: with an implicit strong recommendation from JohnR, I think, in his frequent use of it.
http://www.i-orp.com/
Chips: This calculator uses a powerful mathematical optimization technique, linear programming, in deriving its answers. Some retirement calculators that are over-simplified.
Retire Early Home Page
http://www.retireearlyhomepage.com/
(see footnote)
Vicki and Paul Terhorst Travel, Early Retirement, and Contemplation Page
http://www.geocities.com/TheTropics/Shores/5315/
footnote:
The Trinity Study and REHP study are based on a time with high real stock returns (in the 6-7% range) There is a significant probability of lower future market returns and lower "safe" withdrawal rates (at least for investors using an S&P 500 or total stock market based approach)
Trinity Study at AAII:
http://www.aaii.com/promo/mstar/feature.shtml
(see footnote)
AAII:
www.aaii.com
(some information restricted to members)
IRA information:
http://www.irs.gov/formspubs/page/0,,id=12598,00.html
IRA distributions can be taken early if you follow certain rules.
You can receive distributions from your traditional IRA that are part of a series of substantially equal payments over your life (or your life expectancy), or over the lives (or the joint life expectancies) of you and your beneficiary, without having to pay the 10% additional tax, even if you receive such distributions before you are age 59½. You must use an IRS-approved distribution method and you must take at least one distribution annually for this exception to apply. The required minimum distribution method, when used for this purpose, results in the exact amount required to be distributed, not the minimum amount.
http://www.fincalc.com/
chips: Calculators there offer quick (but possibly over-simplified) answers to questions like these:
How will retirement impact my cost of living? (not written yet)
How much will I need to save for retirement?
What retirement can I afford on my current course? (not written yet)
Social Security retirement income estimator
What is the impact of inflation on retirement spending? (not written yet)
I'm retired, how long will my money last? (not written yet)
I'm retired, what is my life expectancy? (not written yet)
Should I try to convert discretionary funds to savings?
Becoming a millionaire
Income generated by a savings plan.
How long will it take to double my money?
How long until my savings reach my goal?
Save now vs. save later calculator
How much should I save to reach my goal?
What will my current savings grow to?
What is the rate of return on an investment?
How do taxes and inflation impact my return?
What is my effective annual yield
Internet Acronyms
http://www.gaarde.org/acronyms/
http://emoticonuniverse.com/slang/
Interesting NFB Threads
Wanderer's practical fire analysis
http://nofeeboards.com/boards/viewtopic ... ight=#p521
JWR Fire Thresholds
http://nofeeboards.com/boards/viewtopic.php?t=129
Raddr on the unlucky Y2K retiree
http://nofeeboards.com/boards/viewtopic.php?p=770#p770
Raddr on the importance of the sequence of returns
http://nofeeboards.com/boards/viewtopic.php?t=119
Bensolar and valuation effect on swr
http://nofeeboards.com/boards/viewtopic ... 1046#p1046
and
http://nofeeboards.com/boards/viewtopic ... 3005#p3005
andrew61 and Terhorsts
http://nofeeboards.com/boards/viewtopic ... 3253#p3253
life expectancy and swr
http://nofeeboards.com/boards/viewtopic ... 5860#p5860
JWR and market timing
http://nofeeboards.com/boards/viewtopic ... 5071#p5071
FMO Gary Eldred and Real Estate
http://nofeeboards.com/boards/viewtopic.php?t=1185
Gordon Eq and future returns by raddr
http://www.nofeeboards.com/boards/viewt ... 8629#p8629
Therealchips the utility of money and personal life expectancy
http://www.nofeeboards.com/boards/viewt ... 7126#p7126
FIRE Books
Cashing in on the American Dream: How to Retire at 35
Paul Terhorst
http://www.amazon.com/exec/obidos/tg/de ... 553052896/
YMOYL by Dominguez and Robbins
(aka Your Money or Your Life: Transforming Your Relationship With Money and Achieving Financial Independence )
http://www.amazon.com/exec/obidos/ASIN/0140286780/
Hyperborea points out that the investing advice in the book is highly questionable. I think people mostly like the other parts.
How to Retire Early and Live Well With Less Than a Million Dollars, Gillette Edmunds
http://www.amazon.com/exec/obidos/tg/de ... 580622011/
The Millionaire Next Door, The Surprising Secrets of America's Wealthy by Thomas J. Stanley and William D. Danko.
Reviews located by Chips:
http://www.washingtonpost.com/wp-srv/st ... xtdoor.htm and
http://www.bookbrowse.com/dyn_/title/titleID/242.htm
http://www.dealtime.com/xMPR-~PD-486536 ... ~RI-985455
Clutter's Last Stand by Don Aslett
http://www.amazon.com/exec/obidos/tg/de ... 898791375/
Not for Packrats Only by Don Aslett
http://www.amazon.com/exec/obidos/tg/de ... 452265932/
The Joy of Not Working by Ernie Zelinski
Karma: is good for getting you in the right frame of mind. Looks like he is issuing another edition this month.
http://www.amazon.com/exec/obidos/ASIN/1580085520/
Get a Life: You Don't Need a Million to Retire Well by Ralph Warner
Dual: The author goes a little bit overboard for my taste, but the emotional/social part of retirement is as important as the financial IMO. The author has a good discussion about how to do volunteering so you don't end up stuffing envelopes and answering phones (unless you want to).
The Intelligent Asset Allocator by Wm. Bernstein
Tuffy88: His first book, about the best index asset allocation book I have read
Common Sense on Mutual Funds by Bogle
Four Pillars by Bernstein
Financial Peace Revisited by Dave Ramsey
Financial Peace Workbook by Dave Ramsey
Smart Couples Finish Rich by David Bach
The Finish Rich Workbook by David Bach
How to get out of debt, stay out of debt & live prosperously
by Jerrold Mundis
Peteyperson: key book to help people clear debt
to start on the path to FIRE - many people cut back to pay off
debt, realise they have spare cash having done that for 2 years
and want to know where to put it. So books on personal finance
lay the groundwork.)
The Richest Man in Babylon
WiseNlucky: "had profound impact on me."
A Modest Home Study Course from William Bernstein:
http://www.efficientfrontier.com/reading.htm
Investing in Real Estate By andrew Mclean and Gary Eldred
(nice comparison of stock investments vs real estate in the 4th Ed based on current relative dividends/rents)
Make Money with Condominiums and Townhouses
Gary Eldred
Q: Fire?
A: Financial independence/ retire early. Originated by Wanderer.
Q: SWR?
A: Safe withdrawal rate. The answer to bylo's question "How much of my
savings can I withdraw in each year of my retirement without incurring an
undue risk of depleting my assets?"
http://www.bylo.org/saferetr.html
Gummy:
1. A number, expressed as a percentage (like 4%), called the SWR
... that's the Rate word.
2. This Rate determines (in some prescribed manner) how much to withdraw
from some portfolio value
... that's the Withdrawal word.
3. The result of withdrawing at this Rate will be that your portfolio will
last until you drop dead (or for 30 or 40 years or whatever)
... that's the Safe wordhttp://home.golden.net/~pjponzo/Safe-Withdrawals.htm
and:
When people talk about Safe Withdrawal Rates (see Bylo's list) they usually
assume certain Rules like
* rebalancing your portfolio at fixed intervals (annually, for example)
* maintaining some fixed allocation of assets (like 80% stocks + 20%
bonds, for example)
* withdrawing a certain percentage of your portfolio each year (like 5%,
for example)
* increasing withdrawal amounts with inflation (at 3%, perhaps)
http://home.golden.net/~pjponzo/sensibl ... rawals.htm
People seem to have different preferences on how to estimate a SWR (or calculate it with absolute precision in one case.) Some like to define their favorite method as the only correct SWR.
Of course one can consider withdrawals as a constant percentage of the portfolio:
http://www.efficientfrontier.com/ef/998/hell.htm
Or consider "the other swr," sensible withdrawal rates:
http://home.golden.net/~pjponzo/sensibl ... rawals.htm[/quote]
What web sites have FIRE related information?:
Index fund FAQ at NFB
http://nofeeboards.com/docs/faq.html
Gummy Stuff:
http://home.golden.net/~pjponzo/gummy_stuff.htm
Efficient Frontier
http://www.efficientfrontier.com/
Bylo:
http://www.bylo.org/saferetr.html
FIRE calculators
Cap'n Bill's FIREcalc
http://www.capn-bill.com/fire/
Chips: with an implicit strong recommendation from JohnR, I think, in his frequent use of it.
http://www.i-orp.com/
Chips: This calculator uses a powerful mathematical optimization technique, linear programming, in deriving its answers. Some retirement calculators that are over-simplified.
Retire Early Home Page
http://www.retireearlyhomepage.com/
(see footnote)
Vicki and Paul Terhorst Travel, Early Retirement, and Contemplation Page
http://www.geocities.com/TheTropics/Shores/5315/
footnote:
The Trinity Study and REHP study are based on a time with high real stock returns (in the 6-7% range) There is a significant probability of lower future market returns and lower "safe" withdrawal rates (at least for investors using an S&P 500 or total stock market based approach)
Trinity Study at AAII:
http://www.aaii.com/promo/mstar/feature.shtml
(see footnote)
AAII:
www.aaii.com
(some information restricted to members)
IRA information:
http://www.irs.gov/formspubs/page/0,,id=12598,00.html
IRA distributions can be taken early if you follow certain rules.
You can receive distributions from your traditional IRA that are part of a series of substantially equal payments over your life (or your life expectancy), or over the lives (or the joint life expectancies) of you and your beneficiary, without having to pay the 10% additional tax, even if you receive such distributions before you are age 59½. You must use an IRS-approved distribution method and you must take at least one distribution annually for this exception to apply. The required minimum distribution method, when used for this purpose, results in the exact amount required to be distributed, not the minimum amount.
http://www.fincalc.com/
chips: Calculators there offer quick (but possibly over-simplified) answers to questions like these:
How will retirement impact my cost of living? (not written yet)
How much will I need to save for retirement?
What retirement can I afford on my current course? (not written yet)
Social Security retirement income estimator
What is the impact of inflation on retirement spending? (not written yet)
I'm retired, how long will my money last? (not written yet)
I'm retired, what is my life expectancy? (not written yet)
Should I try to convert discretionary funds to savings?
Becoming a millionaire
Income generated by a savings plan.
How long will it take to double my money?
How long until my savings reach my goal?
Save now vs. save later calculator
How much should I save to reach my goal?
What will my current savings grow to?
What is the rate of return on an investment?
How do taxes and inflation impact my return?
What is my effective annual yield
Internet Acronyms
http://www.gaarde.org/acronyms/
http://emoticonuniverse.com/slang/
Interesting NFB Threads
Wanderer's practical fire analysis
http://nofeeboards.com/boards/viewtopic ... ight=#p521
JWR Fire Thresholds
http://nofeeboards.com/boards/viewtopic.php?t=129
Raddr on the unlucky Y2K retiree
http://nofeeboards.com/boards/viewtopic.php?p=770#p770
Raddr on the importance of the sequence of returns
http://nofeeboards.com/boards/viewtopic.php?t=119
Bensolar and valuation effect on swr
http://nofeeboards.com/boards/viewtopic ... 1046#p1046
and
http://nofeeboards.com/boards/viewtopic ... 3005#p3005
andrew61 and Terhorsts
http://nofeeboards.com/boards/viewtopic ... 3253#p3253
life expectancy and swr
http://nofeeboards.com/boards/viewtopic ... 5860#p5860
JWR and market timing
http://nofeeboards.com/boards/viewtopic ... 5071#p5071
FMO Gary Eldred and Real Estate
http://nofeeboards.com/boards/viewtopic.php?t=1185
Gordon Eq and future returns by raddr
http://www.nofeeboards.com/boards/viewt ... 8629#p8629
Therealchips the utility of money and personal life expectancy
http://www.nofeeboards.com/boards/viewt ... 7126#p7126
FIRE Books
Cashing in on the American Dream: How to Retire at 35
Paul Terhorst
http://www.amazon.com/exec/obidos/tg/de ... 553052896/
YMOYL by Dominguez and Robbins
(aka Your Money or Your Life: Transforming Your Relationship With Money and Achieving Financial Independence )
http://www.amazon.com/exec/obidos/ASIN/0140286780/
Hyperborea points out that the investing advice in the book is highly questionable. I think people mostly like the other parts.
How to Retire Early and Live Well With Less Than a Million Dollars, Gillette Edmunds
http://www.amazon.com/exec/obidos/tg/de ... 580622011/
The Millionaire Next Door, The Surprising Secrets of America's Wealthy by Thomas J. Stanley and William D. Danko.
Reviews located by Chips:
http://www.washingtonpost.com/wp-srv/st ... xtdoor.htm and
http://www.bookbrowse.com/dyn_/title/titleID/242.htm
http://www.dealtime.com/xMPR-~PD-486536 ... ~RI-985455
Clutter's Last Stand by Don Aslett
http://www.amazon.com/exec/obidos/tg/de ... 898791375/
Not for Packrats Only by Don Aslett
http://www.amazon.com/exec/obidos/tg/de ... 452265932/
The Joy of Not Working by Ernie Zelinski
Karma: is good for getting you in the right frame of mind. Looks like he is issuing another edition this month.
http://www.amazon.com/exec/obidos/ASIN/1580085520/
Get a Life: You Don't Need a Million to Retire Well by Ralph Warner
Dual: The author goes a little bit overboard for my taste, but the emotional/social part of retirement is as important as the financial IMO. The author has a good discussion about how to do volunteering so you don't end up stuffing envelopes and answering phones (unless you want to).
The Intelligent Asset Allocator by Wm. Bernstein
Tuffy88: His first book, about the best index asset allocation book I have read
Common Sense on Mutual Funds by Bogle
Four Pillars by Bernstein
Financial Peace Revisited by Dave Ramsey
Financial Peace Workbook by Dave Ramsey
Smart Couples Finish Rich by David Bach
The Finish Rich Workbook by David Bach
How to get out of debt, stay out of debt & live prosperously
by Jerrold Mundis
Peteyperson: key book to help people clear debt
to start on the path to FIRE - many people cut back to pay off
debt, realise they have spare cash having done that for 2 years
and want to know where to put it. So books on personal finance
lay the groundwork.)
The Richest Man in Babylon
WiseNlucky: "had profound impact on me."
A Modest Home Study Course from William Bernstein:
http://www.efficientfrontier.com/reading.htm
Investing in Real Estate By andrew Mclean and Gary Eldred
(nice comparison of stock investments vs real estate in the 4th Ed based on current relative dividends/rents)
Make Money with Condominiums and Townhouses
Gary Eldred
Have fun.
Ataloss
Ataloss