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Search: Posts Made By: kmacdonald
Forum: Liveaboard's Forum 03-05-2019, 20:40
Replies: 542
Views: 54,908
Posted By kmacdonald
Re: Budget Be Damned

Another good day in the market. Should be good for a years cruising expenses. Beats the heck out of working for it.:smile:
Forum: Liveaboard's Forum 03-05-2019, 19:57
Replies: 542
Views: 54,908
Posted By kmacdonald
Re: Budget Be Damned

The boomers are spending less of their 401k money than was expected. This means they saved too much or worked too long. Time or money, your choice hopefully. Some can't work due to health issues...
Forum: Liveaboard's Forum 02-05-2019, 19:16
Replies: 542
Views: 54,908
Posted By kmacdonald
Re: Budget Be Damned

Yes, that's very true. Brokers take advantage of "shoeshine boys" also to manipulate stock prices. The fact that the average mutual fund under performs the market is statistical proof of fraud....
Forum: Liveaboard's Forum 02-05-2019, 18:40
Replies: 542
Views: 54,908
Posted By kmacdonald
Re: Budget Be Damned

I really admire that. It's doing it the hard way for sure. I'll stick with the market and do it the easy way. Yes, I'm lazy.
Forum: Liveaboard's Forum 02-05-2019, 17:49
Replies: 542
Views: 54,908
Posted By kmacdonald
Re: Budget Be Damned

I would guess that most cruisers accumulated wealth in the stock market. They didn't get there with a passbook savings account. Investing isn't difficult, the most important being don't try and...
Forum: Liveaboard's Forum 01-05-2019, 21:52
Replies: 542
Views: 54,908
Posted By kmacdonald
Re: Budget Be Damned

The mortgage industry hasn't recovered from 2008. The is still a huge amount of delinquent loans that are way upside down. They can't afford to write them all off and selling them at auction drives...
Forum: Liveaboard's Forum 29-04-2019, 16:10
Replies: 542
Views: 54,908
Posted By kmacdonald
Re: Budget Be Damned

Reverse mortgages are a big threat with real estate prices being stagnant in a lot of locations.

I don't see a major downturn in the near future either but am always vigilant.
Forum: Liveaboard's Forum 29-04-2019, 16:00
Replies: 542
Views: 54,908
Posted By kmacdonald
Re: Budget Be Damned

I retired at 52. Saw too many people slave at a job they hated and drop dead before retirement. You'll never earn your way to early retirement, you need to invest wisely to get there.

Utilities...
Forum: Liveaboard's Forum 29-04-2019, 08:23
Replies: 542
Views: 54,908
Posted By kmacdonald
Re: Budget Be Damned

Yes it is. I agree 100%. You don't need what the "experts" tell you that you need. They are looking for bigger commissions. And NEVER buy loaded mutual funds. Another factoid: The average mutual...
Forum: Liveaboard's Forum 29-04-2019, 08:13
Replies: 542
Views: 54,908
Posted By kmacdonald
Re: Budget Be Damned

Look at it on the bright side, if you are left with only SS you will have to cruise to the South Pacific where you can live like a king on SS.
Forum: Liveaboard's Forum 29-04-2019, 08:07
Replies: 542
Views: 54,908
Posted By kmacdonald
Re: Budget Be Damned

No. Eat up, you factored in SS.
Forum: Liveaboard's Forum 29-04-2019, 08:05
Replies: 542
Views: 54,908
Posted By kmacdonald
Re: Budget Be Damned

Well said!!!!!:thumb:
Forum: Liveaboard's Forum 29-04-2019, 08:03
Replies: 542
Views: 54,908
Posted By kmacdonald
Re: Budget Be Damned

The only reason not to factor in SS is if your retirement savings and income dwarfs SS, unless of course you are one of the believers SS may go away. I'd say at about $4,000,000 in a 401K you could...
Forum: Liveaboard's Forum 29-04-2019, 07:58
Replies: 542
Views: 54,908
Posted By kmacdonald
Re: Budget Be Damned

There's no light at the end of this tunnel.
Forum: Liveaboard's Forum 29-04-2019, 07:52
Replies: 542
Views: 54,908
Posted By kmacdonald
Re: Budget Be Damned

It's important not to ride a bear market to the bottom. For example: if you have $100K invested in the market and the market drops 50% you now have $50K. If the market then rises 50% you only have...
Forum: Liveaboard's Forum 29-04-2019, 07:07
Replies: 542
Views: 54,908
Posted By kmacdonald
Re: Budget Be Damned

If I didn't have two strikes and a target on my back we could have a lot of fun with this thread. Oh well, I guess cruising is serious business and not to be taken lightly.:nonono:
Forum: Liveaboard's Forum 28-04-2019, 19:30
Replies: 542
Views: 54,908
Posted By kmacdonald
Re: Budget Be Damned

Great post SB1. Don't be afraid to take a little more risk than index funds. Sector mutual funds are great----if you know how to pick them and have a little luck. 50% yearly gains aren't unusual...
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