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Re: What age did you reach 100K networth?

24...
by LFKB
Fri Mar 28, 2014 12:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 264
Views: 31202

Re: Can I retire yet?

Welcome to the forum. Let's see if I got your expenses correct: house: $54k/yr general expenses: $120k/yr leisure: $60k/yr TOTAL: $234k/yr Income: His SS: $30k/yr Her SS: $26k/yr Pension: $55k/yr 4% from portfolio: $100k/yr TOTAL: $211k/yr Does not look like you can retire yet unless you cut your e...
by LFKB
Sun Mar 09, 2014 1:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire yet?
Replies: 85
Views: 5805

Re: How Many Funds Do You Have in Taxable?

Total Stock Market, Total International Stock Market, Small Cap Index for stocks
Intermediate term tax exempt and CA intermediate term tax exempt for bonds
Have Vanguard REIT but 100% in tax deferred
by LFKB
Sat Mar 08, 2014 8:44 pm
 
Forum: Investing - Theory, News & General
Topic: How Many Funds Do You Have in Taxable?
Replies: 97
Views: 4892

Re: Can I retire yet?

Are we seriously telling a 64 year old who has worked for 40+ years that a 3% withdrawal rate isn't safe enough? Why are we fixated on his expenses? As long as he can afford it, which he clearly can, the absolute value is irrelevant. What is the point of money if not to spend it? This constant one ...
by LFKB
Sat Mar 08, 2014 8:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire yet?
Replies: 85
Views: 5805

Re: Can I retire yet?

The risk free real interest rate is probably in the neighborhood of .5% so that is probably a good estimate of a "safe" return from assets. People love to tell people they can't retire on here. With a 0.5% SWR no one could ever retire. The OP can certainly retire. Also, I highly doubt the...
by LFKB
Sat Mar 08, 2014 8:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire yet?
Replies: 85
Views: 5805

Re: Can I retire yet?

Welcome to the forum. Let's see if I got your expenses correct: house: $54k/yr general expenses: $120k/yr leisure: $60k/yr TOTAL: $234k/yr Income: His SS: $30k/yr Her SS: $26k/yr Pension: $55k/yr 4% from portfolio: $100k/yr TOTAL: $211k/yr Does not look like you can retire yet unless you cut your e...
by LFKB
Sat Mar 08, 2014 8:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire yet?
Replies: 85
Views: 5805

Re: Thoughts on California Municipal Bond Funds

I am also in a hight ax bracket in California. My bond allocation in taxable, which is a big chunk of my portfolio now because it includes some money that will be used for a house downpayment, is split 50% California Intermediate Tern tax a Exempt and 50% Intermediate term tax exempt (the national ...
by LFKB
Sat Feb 22, 2014 3:16 pm
 
Forum: Investing - Theory, News & General
Topic: Thoughts on California Municipal Bond Funds
Replies: 23
Views: 1166

Re: Thoughts on California Municipal Bond Funds

I am also in a hight ax bracket in California. My bond allocation in taxable, which is a big chunk of my portfolio now because it includes some money that will be used for a house downpayment, is split 50% California Intermediate Tern tax a Exempt and 50% Intermediate term tax exempt (the national f...
by LFKB
Sat Feb 22, 2014 2:52 pm
 
Forum: Investing - Theory, News & General
Topic: Thoughts on California Municipal Bond Funds
Replies: 23
Views: 1166

Re: Where do you park cash?

I keep about 1.5 months expenses in my Schwab checking account and the rest in my capital one (formerly ING) savings at 0.75%.
by LFKB
Fri Feb 21, 2014 3:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where do you park cash?
Replies: 48
Views: 4985

Re: Optimal Number of Mutual Funds

I have six in taxable and then some more in my 401k. Taxable funds are:

Stock: Vanguard Total stock Market, Vanguard Total International Stock Market, Vanguard Small Cap
Bond: Intermediate Term Tax Exempt, California intermediate Term Tax Exempt
RE: Vanguard REIT index
by LFKB
Sat Feb 15, 2014 11:37 am
 
Forum: Investing - Theory, News & General
Topic: Optimal Number of Mutual Funds
Replies: 78
Views: 3622

Re: How to get in on an IPO

Most IPOs' value goes DOWN after the offering and either takes "forever" or never gets back to the IPO price. I've had lots of "professional" advisors over the years do this TO me and every one of them lost my money, sometimes all of it. What? Most IPOs trade up on the first day...
by LFKB
Fri Feb 14, 2014 11:43 am
 
Forum: Investing - Help with Personal Investments
Topic: How to get in on an IPO
Replies: 23
Views: 1615

Re: How to get in on an IPO

Put in an order for a half million shares
by LFKB
Thu Feb 13, 2014 2:07 am
 
Forum: Investing - Help with Personal Investments
Topic: How to get in on an IPO
Replies: 23
Views: 1615

Re: Son moving to LA - neighborhood/town recommendations?

Hard to imagine a young single person living anywhere but Manhattan Beach, Hermosa Beach, Redondo Beach, Marina del Rey, Venice, Santa Monica or Brentwood in LA. I've lived in Brentwood for the last 6 years. Given where he works Manhattan or Hermosa Beach are the best two options in my opinion.
by LFKB
Tue Feb 11, 2014 11:34 pm
 
Forum: Personal Consumer Issues
Topic: Son moving to LA - neighborhood/town recommendations?
Replies: 43
Views: 3058

Re: Best Credit Card Promos 2014

Between the two of us we have the Amex Blue Cash Preferred, Chase Sapphire Preferred, Chase Ink and Amex Starwood Amex Blue: used on groceries, department stores and gas for 6% cash back and 3% cash back Chase Sapphire: used for all travel (except Starwood hotels) and restaurants for 2x points and 2...
by LFKB
Thu Feb 06, 2014 5:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Best Credit Card Promos 2014
Replies: 24
Views: 3435

Re: Joined the "Two Comma Club" Today

Congrats! I have to wonder what your goals must be if you can get into the two comma club in your 20's. Best of luck. Thank you. I hadn't fully thought about this until your post but I guess I have three goals: 1) Have a nice paid off house in southern California (3000-3500 square feet) 2) Have cas...
by LFKB
Sat Feb 01, 2014 2:40 pm
 
Forum: Investing - Theory, News & General
Topic: Joined the "Two Comma Club" Today
Replies: 47
Views: 4456

Re: Can we/should we afford this house?

We are in a very similar situation to you and I have spent a lot of time thinking about making a similar purchase so hopefully I can be of some help. We don't have kids but our incomes (even the his and hers split) are basically identical and we are looking in LA and at similar prices. There are sev...
by LFKB
Sat Feb 01, 2014 1:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can we/should we afford this house?
Replies: 63
Views: 4370

Re: Joined the "Two Comma Club" Today

Congrats, but how long before you get kicked out and have to climb back up? :twisted: Thanks. We're about 10% over now and only about 60% in stocks/REIT (leaving money in cash for downpayment) so hopefully never but we shall see. There are few more financially rewarding things than meeting one's go...
by LFKB
Sat Feb 01, 2014 12:46 pm
 
Forum: Investing - Theory, News & General
Topic: Joined the "Two Comma Club" Today
Replies: 47
Views: 4456

Re: Joined the "Two Comma Club" Today

About a year ago I joined this board and was making my first post asking for investment suggestion and today I joined the two comma club today when my year end bonus hit my account. We are young (27) and are fortunate to have had almost no college debt at graduation due to scholarships, financial a...
by LFKB
Sat Feb 01, 2014 4:54 am
 
Forum: Investing - Theory, News & General
Topic: Joined the "Two Comma Club" Today
Replies: 47
Views: 4456

Re: Joined the "Two Comma Club" Today

amitb00 wrote:Congrats!!! It is particularly commendable considering you are in 20s. What do you do for living? Just curious.


I work for a private equity fund. It's a very different type of investing than how I handle my own money.
by LFKB
Fri Jan 31, 2014 9:02 pm
 
Forum: Investing - Theory, News & General
Topic: Joined the "Two Comma Club" Today
Replies: 47
Views: 4456

Re: Joined the "Two Comma Club" Today

Congrats! I have to wonder what your goals must be if you can get into the two comma club in your 20's. Best of luck. Thank you. I hadn't fully thought about this until your post but I guess I have three goals: 1) Have a nice paid off house in southern California (3000-3500 square feet) 2) Have cas...
by LFKB
Fri Jan 31, 2014 8:59 pm
 
Forum: Investing - Theory, News & General
Topic: Joined the "Two Comma Club" Today
Replies: 47
Views: 4456

Re: Joined the "Two Comma Club" Today

livesoft wrote:Congrats, but how long before you get kicked out and have to climb back up? :twisted:


Thanks. We're about 10% over now and only about 60% in stocks/REIT (leaving money in cash for downpayment) so hopefully never but we shall see.
by LFKB
Fri Jan 31, 2014 6:51 pm
 
Forum: Investing - Theory, News & General
Topic: Joined the "Two Comma Club" Today
Replies: 47
Views: 4456

Joined the "Two Comma Club" Today

About a year ago I joined this board and was making my first post asking for investment suggestion and today I joined the two comma club today when my year end bonus hit my account. We are young (27) and are fortunate to have had almost no college debt at graduation due to scholarships, financial ai...
by LFKB
Fri Jan 31, 2014 6:21 pm
 
Forum: Investing - Theory, News & General
Topic: Joined the "Two Comma Club" Today
Replies: 47
Views: 4456

Re: If You Were 24 Years Old What Would You Do?

If you've had to turn down a 100k job which is much higher than you're making today because your home is underwater then your focus should probably be on paying down your home so you can get out of it and accept the higher paying job. Otherwise you should definitely contribute to your 401k up to the...
by LFKB
Fri Jan 24, 2014 1:11 am
 
Forum: Investing - Help with Personal Investments
Topic: If You Were 24 Years Old What Would You Do?
Replies: 34
Views: 3196

Re: High Earners - What's Your Profession?

I think I may need to find a site for average Joes like me. I just realized I don't belong after seeing what you all do for a living. I guess that is why the Dave Ramsey's and David Bach's are so popular. Definitely the wrong conclusion to come away from in this thread. Obviousluy some self selecti...
by LFKB
Wed Jan 15, 2014 9:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 334
Views: 22764

Re: High Earners - What's Your Profession?

I think I may need to find a site for average Joes like me. I just realized I don't belong after seeing what you all do for a living. I guess that is why the Dave Ramsey's and David Bach's are so popular. Definitely the wrong conclusion to come away from in this thread. Obviousluy some self selecti...
by LFKB
Wed Jan 15, 2014 3:31 am
 
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 334
Views: 22764

Re: High Earners - What's Your Profession?

Started in investment banking and made over $100k my first year out of college. 5 years later I work in private equity and make about 3x that. Gf also started in I banking and is now a headhunter and makes about the same. You can make good money in finance but usually fairly long hours.
by LFKB
Tue Jan 14, 2014 1:52 am
 
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 334
Views: 22764

Re: Credit Cards with Annual Fees?

Thanks for the thoughts and feedback. I think the Marriott Card is worth keeping as long as I am a regular traveler who can stay at their hotels. The extra 15 nights a year in status should help me maintain Platinum level without issues. The free night per year justifies the annual fee. The 5 point...
by LFKB
Wed Jan 01, 2014 11:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Cards with Annual Fees?
Replies: 19
Views: 1749

Re: Credit Cards with Annual Fees?

The 7% dividend is nothing when you don't spend that much though. I agree, the 7% dividend fundamentally means the card pays 1.07 points per dollar. Yes on non travel and restaurant spend that is correct. On travel and restaurants, it pays 2.14 points per dollar. The key to remember though if you f...
by LFKB
Wed Jan 01, 2014 11:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Cards with Annual Fees?
Replies: 19
Views: 1749

Re: What does a Bogle TV look like?

65 inch Samsung LED in living room
47 inch Toshiba LCD in master
42 inch Samsung LCD in guest bedroom

Agree with the others. No reason to skimp on a TV if it's something you use a lot.
by LFKB
Wed Jan 01, 2014 11:02 pm
 
Forum: Personal Consumer Issues
Topic: What does a Bogle TV look like?
Replies: 78
Views: 3935

Re: Credit Cards with Annual Fees?

- 50,000 sign up points (worth about $1,000 in SW flights) after you spend $3k in 3 months FYI, that card is 5k spending in 3 month. The rewards cards are better than cash back cards only if you can use them on things you were going to buy anyway, I take cash because I don't usually plan travel in ...
by LFKB
Wed Jan 01, 2014 7:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Cards with Annual Fees?
Replies: 19
Views: 1749

Re: Credit Cards with Annual Fees?

- 50,000 sign up points (worth about $1,000 in SW flights) after you spend $3k in 3 months FYI, that card is 5k spending in 3 month. The rewards cards are better than cash back cards only if you can use them on things you were going to buy anyway, I take cash because I don't usually plan travel in ...
by LFKB
Wed Jan 01, 2014 4:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Cards with Annual Fees?
Replies: 19
Views: 1749

Re: Credit Cards with Annual Fees?

I know way more on this than I should. The correct answer is it depends on your spending habits. In general rewards cards are better than cash back. It's generally dumb to open an airline card. For example, with Sapphire you get 40k sign up points and earn 2x points on all restaurants and travel, th...
by LFKB
Wed Jan 01, 2014 3:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Cards with Annual Fees?
Replies: 19
Views: 1749

Re: How much was your total 2013 credit card rewards

I estimate it about $4,400, mostly in flight and hotel value. 50k sign up points on a new card and 30k points from referrals helped. All together I earned about 200,000 points, so in straight cash value it would be around $2,000, although I never use the points for cash back because there is always ...
by LFKB
Tue Dec 31, 2013 7:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much was your total 2013 credit card rewards
Replies: 51
Views: 4009

Re: What are your financial goals for 2014?

Reach $1 million in liquid net worth

Dip below $1 million in liquid net worth (after buying a home or condo)

Max 401ks and Roth thru backdroor

Make my portfolio more tax efficient
by LFKB
Fri Dec 27, 2013 10:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: What are your financial goals for 2014?
Replies: 56
Views: 4047

Re: What percentage of your income are you saving?

We are 27.

Taxes: 40%
Spend: 18%
Save: 42%

If you looked at it based on what we save on after tax income (which is a more relevant figure IMO), it works out to about 70%.
by LFKB
Thu Dec 12, 2013 1:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: What percentage of your income are you saving?
Replies: 208
Views: 11693

Re: Purchasing rental property vs. REITs

I don't understand why a $30k house would rent for $8400 per year. Why would anyone pay rent at a rate where they could own the house in less than 4 years? Also, it's not like a $6k downpayment is preventing buyers from participating. Sounds skeptical but if your math is right you could buy 50 of th...
by LFKB
Fri Nov 29, 2013 12:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Purchasing rental property vs. REITs
Replies: 17
Views: 1340

Re: Average Yearly Raises?

Over 5 working years my average raise has been 21.1%.

21.7%
60.7%
11.1%
4%
15.4%
by LFKB
Sat Nov 23, 2013 2:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Average Yearly Raises?
Replies: 97
Views: 5339

Re: 28 yr old with $200k cash to invest... Advise?

If you definitely think you're okay without bonds, I'd put Vanguard REIT in your Roth. I'm 27 and in a similar situation to you, although I do hold bonds. I was initially invested in Target Retirement in my Roth and decided to transfer it all over to REIT a few weeks ago because I realized I was und...
by LFKB
Tue Nov 05, 2013 1:07 am
 
Forum: Investing - Help with Personal Investments
Topic: 28 yr old with $200k cash to invest... Advise?
Replies: 9
Views: 1783

Re: Girlfriend just got first job. Investment/loan help plea

Seems like you would just put the 1% in to the 401k then use all the rest to pay down the debt. I assume there is no match beyond the first 1%. More knowledgable posters may have a better answer.
by LFKB
Thu Oct 24, 2013 1:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Girlfriend just got first job. Investment/loan help please
Replies: 11
Views: 991

Re: High Income Earner, Pay off Mortgage

What does the business do and did you inherit it or start it yourself? If you started it yourself, how did you fund it? I'd pay off the mortgage. It's less than 6 months savings it sounds like. Also, the business is providing more than enough income for you so I'd be careful investing all your savin...
by LFKB
Mon Oct 21, 2013 1:52 am
 
Forum: Personal Finance (Not Investing)
Topic: High Income Earner, Pay off Mortgage
Replies: 19
Views: 2427

Re: David Weekley homes - Building New Home / Negotiation

I know David Weekley but unfortunately can't help with any of your questions. Good luck.
by LFKB
Tue Oct 15, 2013 1:30 am
 
Forum: Personal Consumer Issues
Topic: David Weekley homes - Building New Home / Negotiation
Replies: 14
Views: 1410

Re: Why doesn't anyone like working in finance?

I work in finance and finance and like it and make very good money with normal hours and limited stress.

Grt2beoutdoors, you don't need a connection to get a job and casually bringing up watching CNBC wouldn't be viewed negatively.
by LFKB
Tue Oct 15, 2013 1:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Why doesn't anyone like working in finance?
Replies: 27
Views: 2974

Re: Talk me down

Please post the symbols....without posting them today and revisiting again in 12 months... there will be no "proof". So... post or it didn't happen. Thank you. I've noticed that some people here actually have disclaimers in their signatures saying that they can't be held liable for any fi...
by LFKB
Mon Oct 14, 2013 1:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Talk me down
Replies: 77
Views: 5546

Re: How to excel in a first time (financial) job.

Learn how to use excel and use it fast

Print things out and check for errors before handing things in
by LFKB
Wed Oct 09, 2013 1:25 am
 
Forum: Personal Consumer Issues
Topic: How to excel in a first time (financial) job.
Replies: 7
Views: 798

Re: Simple Question on Bond Funds

Basically correct. However there is a special rule for muni bond fund shares held less than 6 mos. The tax-exempt interest from those shares reduces your loss. If you held the original shares less than 6 mos, that adjustment could be significant. Even if you held the original shares more than 6 mos...
by LFKB
Mon Oct 07, 2013 2:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Simple Question on Bond Funds
Replies: 3
Views: 355

Simple Question on Bond Funds

Say I invested $10,000 into Vanguard Intermediate Term Tax Exempt and over the course of the year it paid $500 in interest which were re-invested and the NAV dropped by $500 due to rising rates. My balance at the end of year is $10,000 still but the Vanguard website would show this as a $500 loss on...
by LFKB
Mon Oct 07, 2013 1:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Simple Question on Bond Funds
Replies: 3
Views: 355

What % Small vs Mid Cap is Vanguard Small-Cap Index Fund?

If I plug Vanguard Small-Cap Index Fund (VSMAX) into the morningstar x-ray (link below), it says it is 56% small cap and 44% mid-cap. However, I thought I had read here or on the Vanguard website that it is 77% small cap and 23% mid-cap, but can't find the source for that. I have been using the 77/2...
by LFKB
Tue Sep 17, 2013 5:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: What % Small vs Mid Cap is Vanguard Small-Cap Index Fund?
Replies: 2
Views: 518

Re: Buying Vanguard REIT Fund Now / Tax Efficient Fund Place

My mistake. The small cap value fund has 17%. Don't know off hand, but I'd readily believe small cap blend has around 11%. Got it. Okay makes sense. Just to be clear for anyone else who may read the thread: Small Cap Index: 11% real estate Small Cap Value: 17.4% real estate Small Cap Growth: 3.7% r...
by LFKB
Wed Aug 21, 2013 8:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buying Vanguard REIT Fund Now / Tax Efficient Fund Placement
Replies: 15
Views: 1504

Re: Buying Vanguard REIT Fund Now / Tax Efficient Fund Place

Thanks. I was aware REITs were in Total Stock but would have thought it was lower than 3%. I just checked the Morningstar x-ray and it shows 3.6% of Total Stock Market is real estate and 17.6% of the Small Cap fund is Real Estate, which is much larger than I would have expected. I had the same real...
by LFKB
Wed Aug 21, 2013 5:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buying Vanguard REIT Fund Now / Tax Efficient Fund Placement
Replies: 15
Views: 1504
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