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Re: It's pretty freaky watching your stocks go up & down all

I think everybody should go through this. In a way, living through the recent big crash was the best way for me to begin as a seriuos investor. You don't know your real risk tolerance until you see massive amounts of money disappear in a microsecond. Agreed. Hopefully, it happens early in your inve...
by JDaniels
Tue Sep 23, 2014 7:37 pm
 
Forum: Investing - Theory, News & General
Topic: It's pretty freaky watching your stocks go up & down all day
Replies: 60
Views: 5741

Re: How to achieve a balance between "saving" and "living"?!

For us, the phrase "first things first" has always worked well for this situation. Once we have all of our "first things first" money setup to be saved and invested AUTOMATICALLY (that's the secret), anything other than that is money which can be used on hobbies, eating out and o...
by JDaniels
Tue Sep 23, 2014 7:33 pm
 
Forum: Personal Consumer Issues
Topic: How to achieve a balance between "saving" and "living"?!
Replies: 64
Views: 6685

Re: Why don't you do Financial Planning?

I don't think I'd be able to charge much simply recommending people to come to this site :D
by JDaniels
Tue Sep 23, 2014 7:28 pm
 
Forum: Personal Consumer Issues
Topic: Why don't you do Financial Planning?
Replies: 41
Views: 3337

Re: Cast Iron Skillet Cooking

Agreed. We have the same brand and size as you. We use it all the time on our grill. Peppers and onions with chicken for fajitas are one of our favorites
by JDaniels
Tue Sep 23, 2014 7:26 pm
 
Forum: Personal Consumer Issues
Topic: Cast Iron Skillet Cooking
Replies: 107
Views: 9555

Re: Investing is starting to get boring

Congratulations! You're right where you should be. Now set your investments on auto pilot and go spend your time on something you enjoy.
by JDaniels
Sun Jul 13, 2014 11:52 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing is starting to get boring
Replies: 39
Views: 4316

Re: What ONE investing book or article for skeptical sibling

Another vote for The Little Book of Common Sense Investing" by John C Bogle. This was the book that opened my eyes.
by JDaniels
Sun Jul 13, 2014 9:10 am
 
Forum: Investing - Theory, News & General
Topic: What ONE investing book or article for skeptical sibling?
Replies: 30
Views: 3038

Re: Valuing a personal residence for net worth purposes

I take the average of realtor.com, trulia.com and zillow.com. Then i deduct 6%.
by JDaniels
Sat Jul 05, 2014 2:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Valuing a personal residence for net worth purposes
Replies: 73
Views: 4286

Re: Who do you talk with about your financial goals?

We prefer to practice "stealth wealth". I do however have the opportunity to interact with many newly hired employees at my Megacorp. At the proper time, such as lunch or after working hours, i do recommend that they get involved with the company provided 401k. At least to get the match. I...
by JDaniels
Sun Jun 29, 2014 8:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Who do you talk with about your financial goals?
Replies: 158
Views: 9503

Re: New to the investment game..

"I still claim 0 on my W2 to get a bigger refund at the end of the year (roughly $5,000) that I plan to save as much as possible each year." You're essentially giving the government a 0% interest loan. By increasing your withholdings and setting up that extra money to invest automatically,...
by JDaniels
Mon May 26, 2014 9:09 am
 
Forum: Investing - Help with Personal Investments
Topic: New to the investment game..
Replies: 12
Views: 1008

Re: Restaurants in New York City?

Josie's on 74th and Amsterdam. A great locals spot.
by JDaniels
Mon May 26, 2014 8:57 am
 
Forum: Personal Consumer Issues
Topic: Restaurants in New York City?
Replies: 42
Views: 2932

Re: Pay off son's mortgage - need advice

With all due respect, I do not think its a good idea to pay off his mortgage.
by JDaniels
Mon May 26, 2014 8:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Pay off son's mortgage - need advice
Replies: 14
Views: 1036

Re: Monthly maintenance cost for a house?

HOA fees may be applicable
by JDaniels
Sun May 18, 2014 2:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Monthly maintenance cost for a house?
Replies: 28
Views: 2431

Re: Can I be a boglehead and join a golf club?

To me, a Boglehead is someone who is smart with their money. Not someone who is a miser with it. As far as answering the question if the golf club is worth 8k, honestly, only you can do that. It would be different for each person. Ask yourself this, would joining the golf club give you 8k worth of p...
by JDaniels
Sun May 11, 2014 6:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I be a boglehead and join a golf club?
Replies: 70
Views: 4720

Re: In dire need of perspective!

What good is all that extra money if it's going to medical bills? Do a double check on your calculations and if satisfied, get out of there. I'm sure after all of these years you deserve it. Good luck!
by JDaniels
Sun May 11, 2014 6:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: In dire need of perspective!
Replies: 14
Views: 1046

Re: Did you tell anyone you paid off your mortgage?

We prefer to practice "stealth wealth" :D
by JDaniels
Thu May 01, 2014 6:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 158
Views: 12848

Re: Mom and Pop Step Up Their Trading

I guess everthing nowadays has to be " extreme". Lol.
by JDaniels
Thu Apr 24, 2014 3:28 pm
 
Forum: Investing - Theory, News & General
Topic: Mom and Pop Step Up Their Trading
Replies: 18
Views: 2274

How to convince family & friends to use Boglehead Method?

I've found that this is similar to trying to convince someone that exercising and eating healthy is beneficial to them as well. They have to convince themselves.
by JDaniels
Sun Feb 23, 2014 9:19 am
 
Forum: Investing - Theory, News & General
Topic: How to convince family & friends to use Boglehead Method?
Replies: 61
Views: 4797

Re: How do you treat collectibles? [as part of asset allocat

I dont consider them into my AA, however, i do count them as part of net worth.
by JDaniels
Sun Feb 02, 2014 12:35 pm
 
Forum: Investing - Theory, News & General
Topic: How do you treat collectibles? [as part of asset allocation]
Replies: 29
Views: 1928

Re: TAYLOR'S UPCOMING 90th BIRTHDAY

Happy birthday Taylor! Thank you for what you did for your country and thank you for what you do for the Bogleheads :sharebeer
by JDaniels
Thu Jan 23, 2014 6:02 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Taylor's 90th Birthday
Replies: 272
Views: 23004

Re: Does advice of saving 10% of income for retirement still

15% for 25 years now. I don't think having that other 5% would have made any difference in our lifestyle. I do know the extra 5% makes a HUGE difference in our investments.
by JDaniels
Sun Jan 19, 2014 6:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does advice of saving 10% of income for retirement still app
Replies: 23
Views: 2322

Re: Relax... Even "poor" bogleheads are exceptional

So you are going to post about how others are doing poorly to try to help people feel adequate. If people are feeling inadequate, then they should re-evaluate their lives and fix what is wrong. Adequacy should not come from comparisons to others. IMHO The carrot and the stick, brother. You can beat...
by JDaniels
Mon Jan 06, 2014 8:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Relax... Even "poor" bogleheads are exceptional
Replies: 31
Views: 4115

Re: Net Worth compared to Earnings History

To expand on The Millionaire Next Door formula, If you are in the top quartile for wealth accumulation, you are a PAW or prodigious accumulator of wealth. If you are in the bottom quartile, you are a UAW or under accumulator of wealth. To be well positioned in the PAW category you should be worth t...
by JDaniels
Sun Jan 05, 2014 1:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Net Worth compared to Earnings History
Replies: 19
Views: 2890

Re: Net Worth compared to Earnings History

Perhaps for the 40+ crowd Stanley's PAW formula makes sense, but not for younger savers. Many people see rapid salary increases into their mid-30's though. A 32 year old may be earning double what she was earning at 26. It seems silly to base any formula on the new higher salary she's only been pul...
by JDaniels
Sun Jan 05, 2014 1:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Net Worth compared to Earnings History
Replies: 19
Views: 2890

Re: Net Worth compared to Earnings History

Good point. I edited my original post to use earnings history instead of Social Security earnings.
by JDaniels
Sat Jan 04, 2014 3:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Net Worth compared to Earnings History
Replies: 19
Views: 2890

Re: Settle Real Estate argument - what would you do?

I would sell it. If you enjoy being a landlord, you may be able to find something cheaper, possibly even purchase another condo cash from the proceeds of this one. You would then be cash positive next month.

Good luck!
by JDaniels
Sat Jan 04, 2014 2:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Settle Real Estate argument - what would you do?
Replies: 22
Views: 2227

Net Worth compared to Earnings History

Bogleheads, First, I want to wish all of you and your families a very happy, healthy and prosperous new year! I've seen many threads and articles on net worth relative to where you are based on your age. It seems the most popular equation is: (Age * Income) / 10. The answer to this equation signifie...
by JDaniels
Sat Jan 04, 2014 2:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Net Worth compared to Earnings History
Replies: 19
Views: 2890

Re: REGISTRATION FOR THE 2014 BOGLEHEAD CONTEST

2010

Happy new year everyone
by JDaniels
Wed Jan 01, 2014 8:41 pm
 
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR THE 2014 BOGLEHEAD CONTEST
Replies: 536
Views: 14104

Re: vanguard prime money market fund

sscritic wrote:Can you transfer money from your CD by ACH to buy shares of TSM? I don't even need to use ACH to buy TSM from PMM.


Just remember to keep this on the QT because if it leaks to the VC we'll all get put on KP :wink:
by JDaniels
Sun Dec 29, 2013 4:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: vanguard prime money market fund
Replies: 23
Views: 2388

Re: What Book Are You Currently Reading? Part V

The new Mr. John C. Bogle book, The Man in the Arena.
by JDaniels
Sun Dec 29, 2013 8:37 am
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 3372
Views: 1199521

Re: Dave says $300 a month can grow to $3M

"they could end up with $3,000,000 in forty years."

I think the important word here is "could".
by JDaniels
Mon Dec 09, 2013 9:22 pm
 
Forum: Investing - Theory, News & General
Topic: Dave says $300 a month can grow to $3M
Replies: 76
Views: 8692

Re: What do early retirees actually do in Florida?

Another "did you know about Florida", National Geographic voted St. Augustine one of the top 10 places in the world (yes, world) to see Christmas lights! :D http://travel.nationalgeographic.com/travel/top-10/holiday-lights-photos/ My wife and I always enjoy the Holly Jolly Trolley each yea...
by JDaniels
Mon Dec 09, 2013 9:12 pm
 
Forum: Personal Consumer Issues
Topic: What do early retirees actually do in Florida?
Replies: 238
Views: 14826

Re: Where in New Jersey to buy home with NYC commute, childr

I would recommend the East Hanover, Whippany, Florham Park areas.

Very easy commute to NYC via train in next town (Morristown)

Lower taxed area than comparable NJ towns.

Excellent school systems.

Good luck!
by JDaniels
Mon Dec 09, 2013 9:01 pm
 
Forum: Personal Consumer Issues
Topic: Where in New Jersey to buy home with NYC commute, children?
Replies: 66
Views: 4401

Re: A thank-you to veterans

Thank you to all who served.
by JDaniels
Mon Nov 11, 2013 7:46 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: A thank-you to veterans
Replies: 32
Views: 1141

Re: Crossed the 100k Retirement Barrier!

Congratulations on hitting one of your goals!
by JDaniels
Sun Nov 03, 2013 9:23 am
 
Forum: Investing - Theory, News & General
Topic: Crossed the 100k Retirement Barrier!
Replies: 24
Views: 1668

Re: Where to invest money used for house down payment?

I've always considered that if the need for the money was less than 5 years away, it's considered saving, not investing. Saving is always using safe mediums such as savings accounts, money markets, cd's. Not much return but very safe for your needs.
by JDaniels
Sat Sep 28, 2013 12:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to invest money used for house down payment?
Replies: 11
Views: 2075

Re: Mortgage refi to 10yr?

technovelist wrote:Not with such a small rate differential. Just pay the existing one off on a 10-year amortization schedule.


+1. This will also allow you to have the ability to temporarily go back to the 15 year payment if the financial need arises.
by JDaniels
Tue Sep 03, 2013 12:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage refi to 10yr?
Replies: 11
Views: 1323

Re: passive investors are parasites!

Lol. Iv'e been called worse. :D
by JDaniels
Tue Sep 03, 2013 12:15 pm
 
Forum: Investing - Theory, News & General
Topic: passive investors are parasites!
Replies: 15
Views: 2577

Re: What house can we afford?

Stonebr wrote:Old School rule of thumb:

Total annual gross income times 2.5. This implies a mortgage no more than twice your annual income, plus a 20% down payment.



+1. This worked best for our situation when we purchased our home and I still feel very comfortable with it today.
by JDaniels
Sun Aug 04, 2013 9:26 am
 
Forum: Personal Finance (Not Investing)
Topic: What house can we afford?
Replies: 66
Views: 7080

Re: Meet CoRI: Your Retirement guide

I think the marketing aspect of this is better than the financial. They basically tell you that you should come back to their site daily to find the new CoRI rate.
by JDaniels
Sat Aug 03, 2013 10:14 am
 
Forum: Investing - Theory, News & General
Topic: Meet CoRI: Your Retirement guide
Replies: 10
Views: 1624

Re: Homes as Investments?

The only thing i ever got out of the first Kiosaki book (no need to get any more of his books. Lol) was that your house is a liability. It doesn't become an investment until you sell it. Then you find out if it was a good or bad investment.
by JDaniels
Tue Jul 30, 2013 7:58 pm
 
Forum: Investing - Theory, News & General
Topic: Homes as Investments?
Replies: 101
Views: 6114

Re: Interesting Debt Theory...

zmcpherson wrote:
JDaniels wrote:This thinking may also cause something much more dangerous; having credit card debt as a "normal" feeling.


To muddle feelings into it is what creates a more dangerous environment.



Lol, my point exactly :D
by JDaniels
Tue Jul 30, 2013 7:50 pm
 
Forum: Investing - Theory, News & General
Topic: Interesting Debt Theory...
Replies: 48
Views: 3382

Re: Interesting Debt Theory...

This thinking may also cause something much more dangerous; having credit card debt as a "normal" feeling.
by JDaniels
Tue Jul 30, 2013 7:17 pm
 
Forum: Investing - Theory, News & General
Topic: Interesting Debt Theory...
Replies: 48
Views: 3382

Re: Wells Fargo - Sent Unsolicited Credit Cards

I remember that practice years ago. I thought it ended. Definetly call Wells Fargo and investigate.
by JDaniels
Mon Jul 29, 2013 7:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo - Sent Unsolicited Credit Cards
Replies: 16
Views: 1006

Re: Spreadsheets [Net Worth]

aic wrote:Are you using your purchase price or recent appraisal guesstimates?


Some Bogleheads question even the inclusion of your primary residence into your net worth. While i respect and understand the reasons, I do include the equity of my primary residence into my net worth.

Asset - Liability = Equity
by JDaniels
Sun Jul 28, 2013 4:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Spreadsheets [Net Worth]
Replies: 34
Views: 2965

Re: Paid off all debt - what to do with extra money?

Congrats on paying off the house! You're basically in victory formation now.

I agree with chaz, have some fun first (you've earned it) then CD's
by JDaniels
Sun Jul 28, 2013 2:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paid off all debt - what to do with extra money?
Replies: 25
Views: 2288

Re: Really hard to avoid "Keeping up with the Joneses"!

Start by reading "The Millionaire Next Door." You will find through the research of two university professors what the lifestyle issues you describe are really all about. The millionaire next door does not lead the lifestyle you describe and the authors even address the issue of parents s...
by JDaniels
Wed Jul 24, 2013 6:24 pm
 
Forum: Personal Consumer Issues
Topic: Really hard to avoid "Keeping up with the Joneses"!
Replies: 93
Views: 10351

Re: Do the majority of people pay their Credit Card bill onl

Since my savings and investing are set to automatic, so is my bill paying.
by JDaniels
Sat Jul 20, 2013 10:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Do the majority of people pay their Credit Card bill online
Replies: 117
Views: 7282

Re: Jack Bogle's investments

InvestorNewb wrote:
This seems low for the founder of a company that manages $2.0 trillion, not to mention someone who has been investing passively for a very long time.


It tells me Mr. Bogle has "Enough". :wink:
by JDaniels
Thu Jul 18, 2013 8:29 pm
 
Forum: Investing - Theory, News & General
Topic: Jack Bogle's investments
Replies: 24
Views: 3079

Re: [Sad news - Pat Larimore]

Taylor,

I'm so sorry for your loss.

God bless you and you family.
by JDaniels
Wed Jul 17, 2013 6:59 pm
 
Forum: Investing - Theory, News & General
Topic: [Sad news - Pat Larimore]
Replies: 225
Views: 16252
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