Asset Allocation and Age...

[StormRichards]

But to say, "having 60K debt has been helping us.. we live well below our means mainly because of this debt" is just absurd beyond measure.

Isn't it against the rules to use a font size that big? BRB, I am going to check.

[scfr]

rennigade - I'm curious as to why you asked this question?

[Nutria]

Agreed. But that's how most Americans think.

I disagree that "having $XXk debt has been helping us" is how most people think. More reasonable is, "Everything is fine! We can meet the minimum payments", which is totally different.

The more I think about it, the less I think that "continually rolling $60k CC debt from one 0% offer to another" passes the smell test.

Coming to this kind of forum and then trumpeting how much you love having lots of CC debt smells of Poe-level trolling. (I could just be cynical, though... )

[StormRichards]

I disagree that "having $XXk debt has been helping us" is how most people think. More reasonable is, "Everything is fine! We can meet the minimum payments", which is totally different.

The more I think about it, the less I think that "continually rolling $60k CC debt from one 0% offer to another" passes the smell test.

Coming to this kind of forum and then trumpeting how much you love having lots of CC debt smells of Poe-level trolling. (I could just be cynical, though... )

There is that insanely large font again

And what a surprise, you are arguing with someone.

[FoolFromAZ]

I disagree that "having $XXk debt has been helping us" is how most people think. More reasonable is, "Everything is fine! We can meet the minimum payments", which is totally different.

The more I think about it, the less I think that "continually rolling $60k CC debt from one 0% offer to another" passes the smell test.

Coming to this kind of forum and then trumpeting how much you love having lots of CC debt smells of Poe-level trolling. (I could just be cynical, though... )

why dont you stop your non sense and do some research or do some calculation or real analysis. I clearly mentioned that I have been building assets and in good rate as well. you are still blabbering as if I am just keeping the cc debt and spending everything that i earn every month.

[Nutria]

why dont you stop your non sense and do some research or do some calculation or real analysis.

He who asserts must provide evidence when challenged, not the other way around.

I clearly mentioned that I have been building assets and in good rate as well. you are still blabbering as if I am just keeping the cc debt and spending everything that i earn every month.

No, I'm not saying that.

[FoolFromAZ]

He who asserts must provide evidence when challenged, not the other way around.



No, I'm not saying that.

If you have really calculated or analyzed, tell me how much of assets I have now? lets see if you are anywhere close.

[rennigade]

Mathematically, that makes no sense.

I think you're trolling us.

Well they have been a member since 2008. If they're now just starting to troll thats some serious discipline. That or that user went off the deep end.

I think the reality is some people just believe that the way they are doing things is the RIGHT way. Its difficult for some to swallow their pride and admit when they're wrong. Either way im not providing any tips to that user. They can keep on keeping on for all I care.

[rennigade]

rennigade - I'm curious as to why you asked this question?

In another thread I said my 401k was 100% equities and some disagreed and gave their opinions. Figured why not start a thread to see what everyones AA was at.

I have started adding bonds due to the fact theres not much difference from a 100/0 portfolio or an 80/20 portfolio.

[disneysteve]

I think the reality is some people just believe that the way they are doing things is the RIGHT way. Its difficult for some to swallow their pride and admit when they're wrong. Either way im not providing any tips to that user. They can keep on keeping on for all I care.

Yep, that's what I was saying. I think they actually believe what they are posting. Nothing any of us say will change their mind, so it's not worth our time to even try. Hopefully, the day will come when they are ready to change (like tomhole, for example) and they will come back for advice and support.

[FoolFromAZ]

I am not sure why many of the folks here getting worked up unnecessarily. People can have different opinion than yours. Rather than calling mea troll or idiot, just try to respond in civil manner. This great forum is for everyone to discuss about finance, not just for the ones who come here regularly. Btw I didn't ask for advice to payoff my debt, at least not in the last week or so. Yes I did ask 8 yrs ago when situation was a lot more different for me.

[disneysteve]

People can have different opinion than yours.

We can definitely have different opinions, and when we do, we can do our best to explain our position and why we feel it is the better way to go. In this case, I seriously doubt you will find anyone who agrees that carrying 60K in CC debt is a smart thing to do. Good luck to you.

[scfr]

In another thread I said my 401k was 100% equities and some disagreed and gave their opinions. Figured why not start a thread to see what everyones AA was at.

I have started adding bonds due to the fact theres not much difference from a 100/0 portfolio or an 80/20 portfolio.

I see. My AA probably wouldn't be any more pertinent to your situation than yours would be to mine. I feel pretty strongly is that there is no one size fits all when it comes to AA, and two investors of the same age could have very different appropriate AAs.

On this asset allocation questionnaire I score a PAS (Portfolio AllocationScore) of 20, which puts me at the bottom of the 3rd lowest of 9 tiers. https://danielsolin.com/asset-allocation-questionnaire/

I wouldn't be surprised if you have a PAS in the 80-120 range (the highest tier), which means that a much higher percentage in stocks might be appropriate for you. I'm not saying that this is a perfect way to figure out your AA (I doubt if such a thing exists), but I do like that it takes in to account things like how much you have already saved, expenses, annual savings, expected wage increase, expected years until retirement, etc. in addition to age & risk tolerance.

If you have 5 people who need to get from point A to point B (two miles away), each one may choose a different way to get there. One may hop in a car and drive, one may ride the bus, one might call Uber, one might ride their bike, and one might walk. Although the methods are different, each one may have chosen the "right" way and no one can tell them that their way was wrong unless they know all of the data points that went in to their decision.

[FoolFromAZ]

We can definitely have different opinions, and when we do, we can do our best to explain our position and why we feel it is the better way to go. In this case, I seriously doubt you will find anyone who agrees that carrying 60K in CC debt is a smart thing to do. Good luck to you.

you just picked that line and you did not get the context in which i mentioned that.

i did not want to lower my 401k contribution and pay the tax now.. I did want to enjoy my life as well. did want to send my kids to all the classes. overall it was between paying off the cc debt/saving for EF vs maxing out 401k/buying Investment home. I chose the later.

[corn18]

you just picked that line and you did not get the context in which i mentioned that.

i did not want to lower my 401k contribution and pay the tax now.. I did want to enjoy my life as well. did want to send my kids to all the classes. overall it was between paying off the cc debt/saving for EF vs maxing out 401k/buying Investment home. I chose the later.

So the past is the past and what's done is done. No problem.

Are you willing to listen to a better way to handle this moving forward or are you convinced your current way is the right way?