Search found 12825 matches

by Grt2bOutdoors
Tue Sep 01, 2015 10:04 am
Forum: Personal Finance (Not Investing)
Topic: About to close on a home we have overbid on - have cold feet
Replies: 44
Views: 4526

Re: About to close on a home we have overbid on - have cold feet

and never ever, ever, make an offer with zero contingencies - EVER!!! That is like handing some stranger the keys to your fortune - for free!!! :shock: :oops: Looking at it from the seller's perspective - we recently received multiple all-cash zero contingency offers for our property in the Bay Are...
by Grt2bOutdoors
Tue Sep 01, 2015 10:02 am
Forum: Personal Consumer Issues
Topic: So-called charity won't delete my name
Replies: 18
Views: 1036

Re: So-called charity won't delete my name

I made the mistake of giving to the Alzheimer's Foundation - it's a legit charity, the contribution was made as a memorial to someone who had been afflicted with the disease. Anyway, they sold my name and address to other charities, now I've been bombarded with requests for money.....it's gotten kin...
by Grt2bOutdoors
Tue Sep 01, 2015 9:32 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 1968
Views: 378755

Re: U.S. stocks in freefall

rixer wrote:Of course. I just made a sizable purchase yesterday.. :oops:


Join the crowd, I think the market is selling off to take the money of those who get paid 2x a month - in it goes, out it goes into their pockets. Let's see how it plays out on the 16th of the month. :twisted:
by Grt2bOutdoors
Tue Sep 01, 2015 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Blue collar worker and millionaire dream
Replies: 32
Views: 4015

Re: Blue collar worker and millionaire dream

YES you can. We were one income family on salary of $27000.00 per year in 1985. As others have said save as much as you can. Spend smart. Use compounding to your benefit. Use TAX Sheltered accounts as much as you can. 30 years later thanks to all stock market bubbles and busts yes in 2 comma club w...
by Grt2bOutdoors
Tue Sep 01, 2015 9:26 am
Forum: Personal Finance (Not Investing)
Topic: About to close on a home we have overbid on - have cold feet
Replies: 44
Views: 4526

Re: About to close on a home we have overbid on - have cold feet

This is why "bubbles" are dangerous, you don't realize you are in one until you've been swept away by the euphoria, by then it is much too late to get out of it. The use of an attorney in reading contracts would be useful before you make the offer, and never ever, ever, make an offer with ...
by Grt2bOutdoors
Tue Sep 01, 2015 8:10 am
Forum: Investing - Help with Personal Investments
Topic: 6-8 year College Time Horizon - Inheritance
Replies: 9
Views: 623

Re: 6-8 year College Time Horizon - Inheritance

Given the short time until college begins, no more than 20-30% equity, the remainder in a ladder of CD's, with the first expiring in year 1, year 2, year 3, year 4 or held in CD that you annually renew until such time that funds are needed. Now is not the time to be rolling the dice in the stock ma...
by Grt2bOutdoors
Tue Sep 01, 2015 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Blue collar worker and millionaire dream
Replies: 32
Views: 4015

Re: Blue collar worker and millionaire dream

Our house payment is 2k a month piti with 7 years left on the loan. We are spending another 2k on food and other stuff. We are saving 3.5k a month. We moved 200k to Vanguard not long ago. We have another 100k with our current employers. We hope to retire at 60. Just keep doing what you are doing, w...
by Grt2bOutdoors
Mon Aug 31, 2015 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: 6-8 year College Time Horizon - Inheritance
Replies: 9
Views: 623

Re: 6-8 year College Time Horizon - Inheritance

Why not pay down the mortgage? Its a guaranteed savings and you could take it back out in the future as a heloc if needed That technique blew up in people's faces during 2008-2009 when bank's either outright closed the HELOC's or cut the value of the lines. Remember, lending is at the bank's discre...
by Grt2bOutdoors
Mon Aug 31, 2015 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Have inherited portfolio and starting new job...advice on 401K's and profit sharing plans?
Replies: 4
Views: 387

Re: Have inherited portfolio and starting new job...advice on 401K's and profit sharing plans?

Keep your mouth shut - windfalls are not easy to obtain and seeing as this is through an inheritance, sorry for your loss. That said, the fewer people you tell the better it will be for you, as nothing attracts flies faster than news of "new found money". Stay away from financial advisers ...
by Grt2bOutdoors
Mon Aug 31, 2015 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Anxiety after investing inheritance
Replies: 12
Views: 897

Re: Anxiety after investing inheritance

Define "quality" stocks. What is blue today, could very well be deep in the red tomorrow. How much time did you, are you, will you spend in the future watching over these quality stocks? My point is, if you aren't comfortable with what the market has done over the past 3 weeks, you are go...
by Grt2bOutdoors
Mon Aug 31, 2015 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Blue collar worker and millionaire dream
Replies: 32
Views: 4015

Re: Blue collar worker and millionaire dream

Thanks for encouragement. We are frugal but we bought too much house. We love the house and will stay here at least 20 more years. We moved our money to Vanguard 500 Index Fund Admiral Shares (VFIAX) last year. We hope to retire at 60. Read The Millionaire Next Door. "Frugal but bought too muc...
by Grt2bOutdoors
Mon Aug 31, 2015 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Anxiety after investing inheritance
Replies: 12
Views: 897

Re: Anxiety after investing inheritance

Define "quality" stocks. What is blue today, could very well be deep in the red tomorrow. How much time did you, are you, will you spend in the future watching over these quality stocks? My point is, if you aren't comfortable with what the market has done over the past 3 weeks, you are goi...
by Grt2bOutdoors
Mon Aug 31, 2015 11:56 am
Forum: Investing - Help with Personal Investments
Topic: 6-8 year College Time Horizon - Inheritance
Replies: 9
Views: 623

Re: 6-8 year College Time Horizon - Inheritance

Given the short time until college begins, no more than 20-30% equity, the remainder in a ladder of CD's, with the first expiring in year 1, year 2, year 3, year 4 or held in CD that you annually renew until such time that funds are needed. Now is not the time to be rolling the dice in the stock mar...
by Grt2bOutdoors
Mon Aug 31, 2015 11:37 am
Forum: Investing - Theory, News & General
Topic: "Buy" a Funded 529 Account from a Relative?
Replies: 21
Views: 1361

Re: "Buy" a Funded 529 Account from a Relative?

Rupert wrote:This smells like conspiracy to commit tax fraud to me.


Of course it is, that is exactly what this is, and perhaps it is time to lock this thread up for good.
by Grt2bOutdoors
Mon Aug 31, 2015 11:35 am
Forum: Investing - Theory, News & General
Topic: "Buy" a Funded 529 Account from a Relative?
Replies: 21
Views: 1361

Re: "Buy" a Funded 529 Account from a Relative?

Remind your Uncle that only the earnings is subject to taxes and penalties. Often, it is not as bad as people thought. There will also be a claw-back of state tax credits / deductions for the contributions. The state of NJ does not offer tax-paying residents a deduction, nor a tax credit on their p...
by Grt2bOutdoors
Mon Aug 31, 2015 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Pepsi 401K Questions
Replies: 11
Views: 547

Re: Pepsi 401K Questions

You already posted this exact question once earlier today, why are you posting it again?
by Grt2bOutdoors
Mon Aug 31, 2015 11:04 am
Forum: Investing - Help with Personal Investments
Topic: Pepsi 401K Questions
Replies: 11
Views: 547

Re: Pepsi 401K Questions

Have you tried Blackrock.com? Usually the asset manager's website offers a trove of information.
by Grt2bOutdoors
Sun Aug 30, 2015 10:54 am
Forum: Personal Consumer Issues
Topic: I need a classic men's black dress belt
Replies: 45
Views: 4137

Re: I need a classic men's black dress belt

reisner wrote:Brooks Brothers, like Abercrombie and Fitch, ain't what it used to be.


Agree, it's no longer bespoke, they've seriously downgraded the quality of their goods and tailoring.
by Grt2bOutdoors
Sun Aug 30, 2015 10:53 am
Forum: Personal Consumer Issues
Topic: I need a classic men's black dress belt
Replies: 45
Views: 4137

Re: I need a classic men's black dress belt

I have two older Coach belts (black, brown) that will last forever. I am not fond of Coach's current (and overpriced) offerings. Look at Trafalgar http://www.trafalgarstore.com for classic dress belts that are less expensive (and more classic) than Coach, higher quality (and more classic, but also ...
by Grt2bOutdoors
Sun Aug 30, 2015 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Trying to prevent lifestyle creep
Replies: 28
Views: 3625

Re: Trying to prevent lifestyle creep

Don't buy a home when your wife says "think of the possibilities" Possibilities is another key word for "spend alot of money" to upgrade your life. :oops: Along with that, the local taxing authorities....just grin and grin and grin all the way to the bank. :moneybag Don't move in...
by Grt2bOutdoors
Sun Aug 30, 2015 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Trying to prevent lifestyle creep
Replies: 28
Views: 3625

Re: Trying to prevent lifestyle creep

Don't buy a home when your wife says "think of the possibilities" Possibilities is another key word for "spend alot of money" to upgrade your life. :oops: Along with that, the local taxing authorities....just grin and grin and grin all the way to the bank. :moneybag Don't move in...
by Grt2bOutdoors
Sun Aug 30, 2015 9:48 am
Forum: Investing - Help with Personal Investments
Topic: Help in investing for inexperienced person
Replies: 8
Views: 475

Re: Help in investment for a beginner

Seeing that you are employed in an academic environment you should be in agreement with this saying "it's never too late to learn". I recommend you review the wiki searching for Investment Policy Statement and Asset Allocation. There are several examples of other forum poster's IPS so you ...
by Grt2bOutdoors
Fri Aug 28, 2015 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: I have a Confession...Dave Ramsey...Help!
Replies: 46
Views: 5355

Re: I have a Confession...Dave Ramsey...Help!

Time for a vacation, Meg - seriously. Nothing wrong with listening to Dave, in fact, I use to watch him on cable with callers screaming they were out of debt, but your talking about car debt that is essentially free after inflation - no way would I pay that off, and I absolutely hate debt. The same ...
by Grt2bOutdoors
Fri Aug 28, 2015 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency fund or debt?
Replies: 15
Views: 900

Re: Emergency fund or debt?

The majority of the non-auto debt is house maintenance (paint, windows, pool issues, garage door, etc). Since, we have no emergency fund or buffer, anytime something big crops up, it goes on credit. p.s. I will never buy a 40+ year old house again. Those don't all sound like emergencies...just sayi...
by Grt2bOutdoors
Fri Aug 28, 2015 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Dear In-Laws: Less toys, more 529
Replies: 65
Views: 5468

Re: Dear In-Laws: Less toys, more 529

Keep your mouth shut! Let your wife do the talking. It's the parent's responsibility to take care of the child's needs including education. It's the grandparents responsibility if they wish, to indulge them. Especially, if said grandparents grew up in an age of austerity, they are simply by extensio...
by Grt2bOutdoors
Fri Aug 28, 2015 12:47 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 1968
Views: 378755

Re: U.S. stocks in freefall

OMG; the market is in stability!! I don't know what to do. This is a "black swan" that no one could have predicted. :confused OMG - Major oil company equities are up 10%+ in two days, guess they didn't get the newsflash about the impending collapse of oil prices (those are up 10% in a day...
by Grt2bOutdoors
Fri Aug 28, 2015 12:44 pm
Forum: Investing - Theory, News & General
Topic: So Is Now The Time To Buy?
Replies: 21
Views: 858

Re: So Is Now The Time To Buy?

Yes, please buy, that way if enough buyers come in my NAV will go back to what it was last week and the shares I picked up on sale will have gone up in value. Market timing does not work, if you had the money on Monday, that would have been a good time to buy. The next best time is today. But only i...
by Grt2bOutdoors
Fri Aug 28, 2015 11:29 am
Forum: Personal Consumer Issues
Topic: Lawn Mower Repair
Replies: 33
Views: 1624

Re: Lawn Mower Repair

Just had my less than 2 year old Honda repaired. Cost me about 70 dollars. I was hoping it would have been covered under warranty but they told me it was my fault because I used "bad gas". Hard to believe but okay. I decided not to fight it. They said I should find no ethonal gas which is...
by Grt2bOutdoors
Fri Aug 28, 2015 11:26 am
Forum: Personal Consumer Issues
Topic: Lawn Mower Repair
Replies: 33
Views: 1624

Re: Lawn Mower Repair

Make sure you use fresh gas at the start of the season. Gas that sits around all winter can get a lot of moisture and degrades a bit and can gum up small engines pretty fast. Any gas I don't use over the winter in my snowblower, I generally dump in my car tank and get new stuff for the lawnmower. A...
by Grt2bOutdoors
Fri Aug 28, 2015 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Refinance - Holy closing costs batman!
Replies: 26
Views: 2317

Re: Mortgage Refinance - Holy closing costs batman!

If I understand this correctly, you own your home outright and want cash to boost liquidity? If that is the case, just get a HELOC. You should likely pay $0 closing costs (or at least less than $500) and closing should be much quicker. You may have to pay an annual fee to maintain the line and you ...
by Grt2bOutdoors
Fri Aug 28, 2015 11:16 am
Forum: Investing - Help with Personal Investments
Topic: Taxable Investment or 529
Replies: 18
Views: 1309

Re: Taxable Investment or 529

This is why I like this site so much. You don't just get an answer here, you get the necessary tools and information to make the right decision. I ended up using Vanguard's college planning tools to create a forecast for 2 and 3 kids. Now my wife and I need to decide how we want to reach those goal...
by Grt2bOutdoors
Fri Aug 28, 2015 11:11 am
Forum: Investing - Theory, News & General
Topic: Do "valuations" affect your asset allocation?
Replies: 52
Views: 2194

Re: Do "valuations" affect your asset allocation?

Not necessarily. You can own C-Corp general partners of the underlying MLP's where they issue you a 1099 instead of K-1, you could own MLP funds that also issue the 1099, letting them handle the K-1 aspects. As far as "commodity exposed" yes they are but depending on where in the value ch...
by Grt2bOutdoors
Fri Aug 28, 2015 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Refinance - Holy closing costs batman!
Replies: 26
Views: 2317

Re: Mortgage Refinance - Holy closing costs batman!

I am in NY, and know this situation well. It is the mortgage tax. You technically do not need to pay it again, but that would involve an assignment of the existing mortgage, which requires the cooperation of your existing bank. This might be ok, but it will cost you, and it could be a decent amount...
by Grt2bOutdoors
Fri Aug 28, 2015 10:19 am
Forum: Personal Finance (Not Investing)
Topic: How would you help setup younger sibling?
Replies: 21
Views: 1269

Re: How would you help setup younger sibling?

What is the intent of the bequest? What, if any, are the limitations of the bequest? How much are we talking about in total? You won't be able to know how a 15 or 18 year old or a 21 year old for that matter will react to a pile of gold coins being dropped into their lap for which no labor on their ...
by Grt2bOutdoors
Fri Aug 28, 2015 9:57 am
Forum: Investing - Theory, News & General
Topic: Do "valuations" affect your asset allocation?
Replies: 52
Views: 2194

Re: Do "valuations" affect your asset allocation?

To answer the OP's original question - yes, but only to the extent that valuations cause bands to be broken requiring me to rebalance out of larger exposures that exceed my asset allocation plan and move into asset classes where valuations have caused it to fall below my minimum threshold. Other tha...
by Grt2bOutdoors
Fri Aug 28, 2015 9:53 am
Forum: Investing - Theory, News & General
Topic: Do "valuations" affect your asset allocation?
Replies: 52
Views: 2194

Re: Do "valuations" affect your asset allocation?

MLPs. MLPs are the messiest in terms of taxes, and also the more commodity exposed, so rank order is last in priority for me and I will likely wait till after 3Q earnings are out, because I don't think management teams and investors have come to grips with the realities of the fact that at least fo...
by Grt2bOutdoors
Fri Aug 28, 2015 8:41 am
Forum: Personal Finance (Not Investing)
Topic: How much do you donate to your kid's public school?
Replies: 60
Views: 4427

Re: How much do you donate to your kid's public school?

Zero but paid over 50K in school taxes for last 8 years when I didn't have kids in system. Can I have a refund please? We'll see what this year brings....... I hear this arguement all the time from retired friends. It is funny how none of them complained when other people were subsidizing their kid...
by Grt2bOutdoors
Fri Aug 28, 2015 8:32 am
Forum: Investing - Help with Personal Investments
Topic: 529 Plan tax question
Replies: 8
Views: 350

Re: 529 Plan tax question

I have a quick question. Say for example, I have a son and he has a 529 plan. Say I contribute $10,000 to her 529 for the year. My brother (the baby's uncle) contributes $500 to her plan via check written to the custodian. I am certainly entitled to a $10k tax deduction on my state income taxes. Is...
by Grt2bOutdoors
Thu Aug 27, 2015 10:44 pm
Forum: Investing - Theory, News & General
Topic: How are you being GREEDY when others are fearful?
Replies: 84
Views: 11453

Re: How are you being GREEDY when others are fearful?

zaboomafoozarg wrote:
UHCOP wrote:
Grt2bOutdoors wrote:Patience, you'll have another opportunity soon I'm sure, October isn't here yet.


What's going on in October? serious question


Possible government budget crisis, I assume.


https://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929
by Grt2bOutdoors
Thu Aug 27, 2015 8:40 pm
Forum: Investing - Theory, News & General
Topic: BNY Mellon's "glitch," sounds very serious to me
Replies: 38
Views: 4539

Re: BNY Mellon's "glitch," sounds very serious to me

In a day and age of modern technology, it pays to have redundant back up systems. Maybe it adds more upfront cost, but the bigger cost is the irreparable loss of trust in a marketplace that could have far worse and far-reaching consequences.
by Grt2bOutdoors
Thu Aug 27, 2015 8:08 pm
Forum: Investing - Theory, News & General
Topic: Bounced back too quick
Replies: 33
Views: 5692

Re: Bounced back too quick

Anybody else think the bounce back has been to soon? I would have preferred it take its time. Zk I don't dare to presume the market gives a damn about my preferences. Well said! Regarding bouncing back "too quick," I wouldn't get too cocky. Any avid student of financial history can tell y...
by Grt2bOutdoors
Thu Aug 27, 2015 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you donate to your kid's public school?
Replies: 60
Views: 4427

Re: How much do you donate to your kid's public school?

Zero but paid over 50K in school taxes for last 8 years when I didn't have kids in system. Can I have a refund please? We'll see what this year brings....... I hear this arguement all the time from retired friends. It is funny how none of them complained when other people were subsidizing their kid...
by Grt2bOutdoors
Thu Aug 27, 2015 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: WHat should i do?
Replies: 5
Views: 1023

Re: WHat should i do?

Do you have an Investment Policy Statement? Now would be a good time to view the wiki and write one up so that when the market takes a hiccup as it will normally do from time to time, you do not panic and view it instead as an opportunity to pick up shares at a discounted price. Remember, buy lower...
by Grt2bOutdoors
Thu Aug 27, 2015 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you donate to your kid's public school?
Replies: 60
Views: 4427

Re: How much do you donate to your kid's public school?

Zero but paid over 50K in school taxes for last 8 years when I didn't have kids in system. Can I have a refund please? We'll see what this year brings.......
by Grt2bOutdoors
Thu Aug 27, 2015 2:14 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable Investment or 529
Replies: 18
Views: 1309

Re: Taxable Investment or 529

Thank you for your reply. Currently we want to pay for 4 years of tuition. We plan on making the kids pay for most of their own housing expenses. It is hard to estimate a good number for the 529. The estimates for college tuition are all over the place. 4 years of the flagship state university in y...
by Grt2bOutdoors
Thu Aug 27, 2015 2:08 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 1968
Views: 378755

Re: U.S. stocks in freefall

This is going to be an interesting close. Rally off? Dead cat bounce? Shorts covered oil today, oil up 9.64% - so much for "no demand" "demand destruction" "EOWAWKI", "etc. etc.". Capitulation hasn't occurred yet, look for that to happen shortly after all the...
by Grt2bOutdoors
Thu Aug 27, 2015 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: WHat should i do?
Replies: 5
Views: 1023

Re: WHat should i do?

Do you have an Investment Policy Statement? Now would be a good time to view the wiki and write one up so that when the market takes a hiccup as it will normally do from time to time, you do not panic and view it instead as an opportunity to pick up shares at a discounted price. Remember, buy lower ...
by Grt2bOutdoors
Thu Aug 27, 2015 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Joint finances and cash management
Replies: 38
Views: 2804

Re: Joint finances and cash management

Joint checking account - ATM card
Joint savings - no ATM card
Joint MMF

Cash in, cash out.

Separate assets remain separate, though if I predecease her she gets it all. :D Not so sure about the reverse situation. :?:
by Grt2bOutdoors
Thu Aug 27, 2015 12:18 pm
Forum: Personal Consumer Issues
Topic: Oversized HVAC?
Replies: 39
Views: 4023

Re: Oversized HVAC?

Knowledge is power. I suspect you’re right on sizing, but as a retired engineer I wonder – 1) When the system runs for 7 minutes or whatever duration how long is the compressor (outside unit) actually running? And on a hot day what percent of time is the compressor running and at what level(s)? 2) ...
by Grt2bOutdoors
Thu Aug 27, 2015 10:45 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 1968
Views: 378755

Re: U.S. stocks in freefall

Bought COP and CVX on Friday, I know a day early and MRO on Monday (expecting them to get taken over eventually).....but hey, I'm planning to be in it for at least the next 25 years........but as you say, if they go down further, I'll be waiting......... But wait, I thought Bogleheads didn't buy si...

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