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Re: Wait to invest since stocks are high?

What are you paying on the car loan? If it's more than 2.5%, why not pay it off and dump the rest in the market? That way you make money from day one. We pay .9% interest on a 2012 Honda Accord that we plan on keeping until it dies. I thought of paying off the $19k loan - would like to get rid of i...
by ER2023
Sun May 04, 2014 8:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Wait to invest since stocks are high?
Replies: 13
Views: 1592

Re: Wait to invest since stocks are high?

Thanks for the responses - will plan on DCA - and hope for the best like we all are doing.
by ER2023
Sun May 04, 2014 7:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Wait to invest since stocks are high?
Replies: 13
Views: 1592

Wait to invest since stocks are high?

Quick question - We max out our 401ks and HSAs and have one outstanding loan - a car loan ($19k). We have about $30k in cash we'd like to invest in our after tax VTSAX (current balance in that account is approx $28k). Since the share price is around $47 and that is the highest it's been since incept...
by ER2023
Sun May 04, 2014 7:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Wait to invest since stocks are high?
Replies: 13
Views: 1592

Re: An easy way to save money: Avoid the $300,000 car.

Don't buy too much house and don't buy too much car, and you've got 95% of the battle won. You can waste money on a lot of little $3 and $5 and $20 purchases if you get the house and car right. +1. Totally agree with this - and could have done better here. We purchased our home for $150k, put tons ...
by ER2023
Sat May 03, 2014 10:28 am
 
Forum: Personal Finance (Not Investing)
Topic: An easy way to save money: Avoid the $300,000 car.
Replies: 152
Views: 17711

Re: Mea culpa [100% stock at 50]

I realize that 100% in equities is so risky, and yet, that is our 401k investment allocation (he 50, she 45). I sought out advice last summer on this board (the advice totally made sense), made the update to 30% bonds, and - I know this will sound crazy - but I didn't *sleep well at night*. I felt l...
by ER2023
Sat May 03, 2014 10:14 am
 
Forum: Investing - Theory, News & General
Topic: Mea culpa [100% stock at 50]
Replies: 46
Views: 5396

Re: Why do you work?

Definitely early retirement from the high income/high stress jobs. We are looking at 5 more years if possible - and then getting lower income jobs that we truly enjoy - without the crazy stress and hours. We both like to work - and would never be happy sitting around in retirement - so looking forwa...
by ER2023
Sun Sep 08, 2013 7:21 am
 
Forum: Personal Consumer Issues
Topic: Why do you work?
Replies: 73
Views: 6223

Re: How Much Did You Spend on Your Engagement Ring??

Just because its Mother's day Nothing on the stone. When I was 9 years old my mother lost her diamond wedding ring into the garbage at our vacation apartment. On a hot August day I dug through the garbage from 32 apartments, and after a number of hours of digging though crab and fish guts I found t...
by ER2023
Sat Sep 07, 2013 7:56 am
 
Forum: Personal Consumer Issues
Topic: How Much Did You Spend on Your Engagement Ring??
Replies: 289
Views: 20592

Re: How Much Did You Spend on Your Engagement Ring??

$14,500 - and honestly, we would never do it again. The ring is beautiful and we were able to afford it, but we both realize it's just a "thing". Dumb mistake - both of us would rather have spent the money elsewhere.
by ER2023
Sat Sep 07, 2013 7:51 am
 
Forum: Personal Consumer Issues
Topic: How Much Did You Spend on Your Engagement Ring??
Replies: 289
Views: 20592

Re: Moving brother out of Mom's house

You do the best that you can and try to forget it's a problem when it's not immediately an issue, to be honest. My mother is 46, a paranoid schizophrenic, and even prior to mental illness setting in had been one of the least reliable people and worst decision makers I've ever met in my life. She's ...
by ER2023
Mon Sep 02, 2013 11:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Moving brother out of Mom's house
Replies: 26
Views: 4472

5 Yr Plan - Tax Efficient Fund Help

I plan on paying off all debt (house and car) within a couple months. Right now, I can afford to allocate just $3k to open a VG fund. The purpose is to fund early retirement - once debt is paid, I will put approx $6k/month in it for 5-6 years - and then retire (somewhat) early - and live off of that...
by ER2023
Sun Sep 01, 2013 6:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: 5 Yr Plan - Tax Efficient Fund Help
Replies: 1
Views: 251

Asset allocation between spouses - together vs separate

I greatly appreciated the guidance I received on this site and made some of the best decisions as a result - HUGE thank you. And I read all the articles on this site and many of the books recommended here - and still have confusion when it comes to asset allocation between 2 401ks. I adjusted our 40...
by ER2023
Sun Jul 28, 2013 7:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Asset allocation between spouses - together vs separate
Replies: 13
Views: 1043

Re: How to get over finance envy

I think it is perfectly natural to feel envy of other people's possessions, especially when you interact very frequently with those who own more than you, whether they can afford it or not. Don't feel ashamed of your envy, but do try your hardest not to let it dictate how you live your life. The ea...
by ER2023
Tue Jul 09, 2013 6:24 am
 
Forum: Personal Finance (Not Investing)
Topic: How to get over finance envy
Replies: 167
Views: 17190

Re: Credit Cards vs Debit Cards

I'm surprised at how much cash back some of you are getting - sounds almost too good to be true - but I'm sure the companies are still profiting from those not paying balance every month. Everyone made great points about protection - that far outweighs the benefits you get from debit cards (no bills...
by ER2023
Mon Jul 08, 2013 5:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Credit Cards vs Debit Cards
Replies: 54
Views: 3376

Credit Cards vs Debit Cards

Only have one credit card and opened it over 25 years ago through employer. I hardly ever use it unless I really need to (traveling for example) - but mostly use debit card. I'm now thinking about looking at what other options are out there - where you receive cash back, points on things, etc., and ...
by ER2023
Sun Jul 07, 2013 5:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Cards vs Debit Cards
Replies: 54
Views: 3376

Re: What Book Are You Currently Reading? Part V

How to Retire Happy, Wild, and Free: Retirement wisdom that you won't get from your financial advisor. Ernie J. Zelinski

He also wrote The Joy of Not Working.
by ER2023
Tue Jul 02, 2013 8:04 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 3267
Views: 1113225

Full Portfolio Disclosure - Appreciate Any Feedback

Edited Post - thanks for the feedback - I added the additional info below. This is our first post - greatly appreciate any feedback. We disclosed pretty much everything. Thanks for responses. Ages: Him 49, Her 43 Emergency funds: $143k in Capital One account that could be a 24 month emergency fund, ...
by ER2023
Mon Jun 24, 2013 1:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Full Portfolio Disclosure - Appreciate Any Feedback
Replies: 6
Views: 1106

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