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Re: How do you make your money?

24 years old. Regional airline pilot. Just starting out and building the portfolio. Not married and 0 kids. I work a TON, but I appreciate the fact that I can travel anywhere in the world for nothing or close to it.
by JJP
Fri May 23, 2014 3:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you make your money?
Replies: 97
Views: 13130

Re: Do you love your job? What do you do?

Still 24, but I'm going on 3 years as a regional airline pilot. I was extremely lucky and fortunate to get the job far below minimum requirements at age 21. That's the beauty of some networking and connections. I love the flying aspect and still have the thrill every time I push the throttles up on ...
by JJP
Sun Mar 16, 2014 7:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you love your job? What do you do?
Replies: 134
Views: 11140

Re: Personal Finance and Investment Advice

Another +1 for dumping the $6000 in your taxable account straight into the 8% loan. And another for putting as much as you can into those 2 loans.
by JJP
Sat Feb 08, 2014 3:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Personal Finance and Investment Advice
Replies: 4
Views: 372

Re: Vanguard LifeStrategy Funds - Taxable Account

I use the LifeStrategy Growth fund in my taxable account in order to keep some money accessible, as you mentioned. The growth fund is 80/20 so it's more tax-efficient than say a 60/40 fund. It does stay simple and rebalances automatically. I've been thinking about eating the taxes on it and splittin...
by JJP
Sat Feb 08, 2014 3:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard LifeStrategy Funds - Taxable Account
Replies: 6
Views: 851

Re: Excess money in my Taxable Accounts

Congrats on doing so well. I hope to be in your shoes one day. I would bring up the emergency funds to 9-12 months (personal preference, especially since you own a home) and start some taxable investing in a mutual fund. Depending on how aggressive you want to be, a good starting point would be a Va...
by JJP
Fri Jan 31, 2014 7:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Excess money in my Taxable Accounts
Replies: 10
Views: 949

Lack of Gain/Loss When Selling Stock

In an effort to condense my portfolio, I sold a stock in my portfolio that I have had since 2006-ish to move the money to a mutual fund. However, Vanguard was unable to provide any cost basis information for gains/losses. The amount isn't much, and I believe I broke about even on it, if not a small ...
by JJP
Wed Sep 11, 2013 3:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Lack of Gain/Loss When Selling Stock
Replies: 3
Views: 267

Re: Laptop Dead After 2.5 years

I'm still running a Lenovo T61 customized back in 2007 (shipped straight out of Asia) from the summer before I started college. Virtually everything is original except the screen, battery, and charger. It's a great laptop, and I swear by Lenovo because of it. I've thought about buying a bigger hard ...
by JJP
Tue Aug 20, 2013 12:08 pm
 
Forum: Personal Consumer Issues
Topic: Laptop Dead After 2.5 years
Replies: 87
Views: 6352

When to Split the Vanguard LS Growth Fund?

I'm looking at splitting my LifeStrategy Growth Fund (VASGX) into the individual funds for better asset allocation once I get enough to cover the Total Stock Market Admiral Shares fund ($10000). It looks like I'm coming up on that time. Currently I'm young (24) and in a fairly low tax bracket so I'm...
by JJP
Tue Aug 13, 2013 10:49 am
 
Forum: Investing - Help with Personal Investments
Topic: When to Split the Vanguard LS Growth Fund?
Replies: 2
Views: 279

Re: Poll, How much do you buy online

Certain items I can't get in stores easily I'll buy online. Most times it's electronics (battery for an older laptop) or odds and ends (just bought electric toothbrush heads on Amazon since I can't find them in stores). Sometimes you can get a good deal on used books online as well. I bought my Leno...
by JJP
Tue Aug 06, 2013 9:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Poll, How much do you buy online
Replies: 19
Views: 684

Going to Europe and Getting the Best Exchange Rate

I've done some browsing around to try to get the best exchange rate and I'm getting conflicting information. I've got a Travel Rewards BoA credit card for all of the hotel/dinner purchases while we're over there which uses the current day exchange rate (it's great!). However, when it comes to cash, ...
by JJP
Thu Aug 01, 2013 2:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Going to Europe and Getting the Best Exchange Rate
Replies: 9
Views: 584

Re: Financial Plan

Thank you. I think I will decide between Vanguard Target Retirement 2055 (VFFVX) or Vanguard LifeStrategy Growth Fund (VASGX). VASGX has an expense ratio 0.01% lower, so I guess it depends on risk tolerance. Should I prefer one to the other? I'm just a few years older than you and am also in the pr...
by JJP
Wed Jul 31, 2013 9:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Financial Plan
Replies: 9
Views: 920

Re: Tax Efficient Fund Placement Question

Is it true that Vanguard will not let you place ETFs in IRAs and you must go for the mutual fund replacement?
by JJP
Wed Jul 31, 2013 9:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax Efficient Fund Placement Question
Replies: 5
Views: 648

Re: T-Mobile Network Quality

I've had T-Mobile for years and only have issues in a few areas. A lot of my friends with Verizon have 3G data service in more rural areas when I only have 2G (which is SLOW if it works at all). 4G LTE on the Galaxy S4 is lightning fast, and I love it. The price is the best that I've seen. Compared ...
by JJP
Mon Jul 29, 2013 6:51 pm
 
Forum: Personal Consumer Issues
Topic: T-Mobile Network Quality
Replies: 23
Views: 2484

Re: 25 year old and home purchase

Thanks everyone for the responses. I thought hard about this and think it would be wise for me to wait. I was feeling pressure to 'upgrade' my lifestyle and was worried I would lose an opportunity with the rising interest rates. To give some rough numbers, I current live in a 350k condo with no mor...
by JJP
Sat Jul 20, 2013 6:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: 25 year old and home purchase
Replies: 14
Views: 1848

Your Preference on Credit Card

The big thread on paying the credit card got me curious, what credit card do you use and why? I've got myself a Bank of America Travel Rewards card. 0 foreign transaction fees (I travel international periodically for work and pleasure), 0 annual fee, I get points on purchases which I transfer to cas...
by JJP
Sat Jul 20, 2013 4:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Your Preference on Credit Card
Replies: 32
Views: 2678

Re: Change to Mom's IRAs

Thank you all! I will make it happen.

Taylor, as a side note, the book is EXCELLENT. I'm recommending it to friends! Thanks for your efforts.
by JJP
Sat Jul 13, 2013 10:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Change to Mom's IRAs
Replies: 4
Views: 371

Change to Mom's IRAs

I'm currently reading the Boglehead's book so I decided to take a look into the Mom's finances. I noticed she is fairly aggressive with her retirement funds and has had them for 10+ years with no change in allocation. Her current age is 51. We were thinking about making a change from 3 actively mana...
by JJP
Sat Jul 13, 2013 4:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Change to Mom's IRAs
Replies: 4
Views: 371

Re: Time to Split Between Roth IRA and Roth 401k?

It's a 1-1 match up to 3%. Would it be even better for a 3% Roth 401k and 12% Roth IRA split? I'm assuming this is due to lower expenses? Fill the IRA then put the rest into the company 401?
by JJP
Sat Feb 23, 2013 10:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Time to Split Between Roth IRA and Roth 401k?
Replies: 5
Views: 589

Time to Split Between Roth IRA and Roth 401k?

My company is switching to Schwab for it's current retirement plan (Principal 2055 fund, .39% expense ratio) and moving to the BlackRock Lifepath 2055 fund with a .54% expense ratio (LIVAX). I get a 3% match on the 15% I put in. I've reviewed the Roth 401k vs Roth IRA info, and it seems like a good ...
by JJP
Sat Feb 23, 2013 10:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Time to Split Between Roth IRA and Roth 401k?
Replies: 5
Views: 589

Re: Company Changing 401k Providers...Also Gross vs Net Expe

I doubt the 8.7% is correct. It must be an error. Give it a little time to fix itself, and then ask again. The net ER is what you will be paying. You can't just set up your own 401k. You can though contribute enough to the 401k to get your match and then look at getting a Roth IRA at Vanguard. Than...
by JJP
Fri Feb 08, 2013 6:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Company Changing 401k Providers...Also Gross vs Net Expenses
Replies: 5
Views: 590

Company Changing 401k Providers...Also Gross vs Net Expenses

A quick rundown... My company is changing 401k providers from Principal to Schwab. The company matches 2.5% currently, and I'm putting in 15% into the 2055 fund at Principal, which has been doing well, and is only .39% expense ratio. The new plan is the BlackRock LifePath 2055 (LIVAX). It has a gros...
by JJP
Fri Feb 08, 2013 2:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Company Changing 401k Providers...Also Gross vs Net Expenses
Replies: 5
Views: 590

Stocks/Funds Advice for a Starter

Hey everyone. Found this site tonight so I figure I'd give the forum a try. I'll try to be straight to the point with what I'm looking for: Background: Age 23. Single. Starting investing. Fairly knowledgable. Mid 20k Cash on hand. Roth Deferred 401k through work @ 15%. Income varies $35-55k. Some in...
by JJP
Sat Jan 12, 2013 12:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Stocks/Funds Advice for a Starter
Replies: 2
Views: 351

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