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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: 4208

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: 1492

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: 12671

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: 2211

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: 3922

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: 2786

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: 2786

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: 2786

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: 2085

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: 2786

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: 525
Views: 10653

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: 1971

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: 2633
Views: 602672

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: 8035

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: 13188

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: 3723

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: 1036

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: 1645

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: 1955

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: 1302

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: 2533

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: 6735

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: 1551

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: 5837

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: 3165

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: 3165

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: 948

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: 2695

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: 2246

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: 9761

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: 6735

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: 3060

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: 15431

Re: My dentist asked me for a hot tip

Tell him to visit http://www.whitecoatinvestor.com

Great website for everyone but the name will obviously tell him it's especially geared for those in the medical field.
by JDaniels
Tue Jul 16, 2013 6:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: My dentist asked me for a hot tip
Replies: 37
Views: 2831

Re: Bookshelves

Big fan of the Billy bookcases. I haven't seen the 15" deep ones; mine are all 11" deep. Definitely anchor them to the wall. They come with an anchor and a screw for the bookcase. You just need a screw to drill into the wall. Make sure to find a stud too. With that weight, drywall alone w...
by JDaniels
Tue Jul 16, 2013 6:16 pm
 
Forum: Personal Consumer Issues
Topic: Bookshelves
Replies: 26
Views: 2377

Re: What does it take to become a Boglehead?

My friends in the Marketing field always mention the "7 Touches" concept. It basically says that no matter what the topic, if you communicate it 7 different ways, not just 1 way 100 times, the result of understanding is much greater. I've personally seen this to be the truth.
by JDaniels
Thu Jun 13, 2013 1:04 pm
 
Forum: Investing - Theory, News & General
Topic: What does it take to become a Boglehead?
Replies: 31
Views: 2258

Re: Year Round Living on a Sandy Beach

chaz wrote:I second St. Augustine.


I third St. Augustine. We live 30 minutes north and we visit there often. Great beaches, restaurants and tons of character. The oldest city in the country.

Good luck!
by JDaniels
Sat May 25, 2013 12:16 pm
 
Forum: Personal Consumer Issues
Topic: Year Round Living on a Sandy Beach
Replies: 55
Views: 5180

Re: Refinance small condo loan?

I would certainly refinance. Not only would she get a rate about half of what she is paying now, she could cut 6 years off by choosing a 15 year term. It would still probably be a cheaper monthly payment as well.

Try bankrate.com for comparisons in your area.

Good luck!
by JDaniels
Wed May 08, 2013 7:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Refinance small condo loan?
Replies: 6
Views: 536

Re: the milestones, they are a-fallin'

Blues wrote:
letsgobobby wrote:how does 100% stocks sound, should I borrow against my house to invest, etc.


No!


+1

Stick with your plan.
by JDaniels
Wed May 08, 2013 5:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: the milestones, they are a-fallin'
Replies: 42
Views: 3446

Re: Anyone still waiting for a market dip before investing?

DCA every two weeks regardless of the market position.
by JDaniels
Wed May 08, 2013 5:43 pm
 
Forum: Investing - Theory, News & General
Topic: Anyone still waiting for a market dip before investing?
Replies: 41
Views: 3877

Vanguard vs. Fidelity

by JDaniels
Wed May 08, 2013 5:39 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard vs. Fidelity
Replies: 17
Views: 2315

Re: REITs vs. rental property

I was always under the impression that REIT's invested primarily in commercial real estate? Therefor, if you also own investment property that is residential, you were still diversified. Am i wrong?
by JDaniels
Sun Apr 14, 2013 8:31 am
 
Forum: Investing - Theory, News & General
Topic: REITs vs. rental property
Replies: 7
Views: 1910

Re: Where/How to sell stamp collection

JDaniels - honestly, it is still sitting where I left it. As jsl11 pointed out, it looks to be a time consuming project. I plan on taking it on in the coming months, but with house repairs, wife's new job (and associated new insurance and retirement with which to deal), as well as visiting an ailin...
by JDaniels
Fri Mar 29, 2013 3:03 pm
 
Forum: Personal Consumer Issues
Topic: Where/How to sell stamp collection
Replies: 21
Views: 2055

Re: Where/How to sell stamp collection

I was curious as to how your stamp collection worked out?
by JDaniels
Thu Mar 28, 2013 10:29 pm
 
Forum: Personal Consumer Issues
Topic: Where/How to sell stamp collection
Replies: 21
Views: 2055

Re: Things I should buy/experience while in my 30s?

I think when you get older you have to add the phrase.... if I would have known I was going to live this long I would have taken better care of myself. I don't think I can express how important this message is. As you get older, your interests will undoubtedly change. No matter what those interests...
by JDaniels
Sun Mar 17, 2013 7:21 pm
 
Forum: Personal Consumer Issues
Topic: Things I should buy/experience while in my 30s?
Replies: 112
Views: 9657

Re: [if you could ask] Warren Buffett [one question]

Do you have any Grey Poupon?
by JDaniels
Wed Mar 06, 2013 6:50 pm
 
Forum: Investing - Theory, News & General
Topic: [if you could ask] Warren Buffett [one question]
Replies: 14
Views: 785

Re: Extension Ladder

I have the Little Giant and it's got me in places I could never have been without it. The only downfall is the weight, 65lbs and when it's fully extended is a beast to work with.
by JDaniels
Wed Mar 06, 2013 6:44 pm
 
Forum: Personal Consumer Issues
Topic: Extension Ladder
Replies: 21
Views: 2713

Re: Hey, Vanguard has hired me!

$50 per hour rate. Not bad :D
by JDaniels
Wed Mar 06, 2013 6:39 pm
 
Forum: Personal Consumer Issues
Topic: Hey, Vanguard has hired me! [Payment for taking survey]
Replies: 28
Views: 5620

Re: Paid off the mortgage on Friday!

That deserves a congratulations :sharebeer
by JDaniels
Sun Feb 24, 2013 11:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Paid off the mortgage on Friday!
Replies: 38
Views: 3414
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