Search found 280 matches

by Meaty
Fri Sep 04, 2015 9:19 am
Forum: Personal Finance (Not Investing)
Topic: becoming a landlord
Replies: 20
Views: 1405

Re: becoming a landlord

In my experience, to make money off being a landlord, you have to be ready to make decisions for the rental properties that you would never make if it were the home you lived in. And you have to be able to live with yourself for making those decisions. I've definitely lost respect for people when b...
by Meaty
Fri Sep 04, 2015 5:21 am
Forum: Personal Finance (Not Investing)
Topic: becoming a landlord
Replies: 20
Views: 1405

Re: becoming a landlord

Thanks for all the replies. I've checked out bigger pockets and they certainly have good information but I wanted a less biased view as well (seems like all on that forum indicate being a landlord is the only way to go) I'm in the fortunate position to earn a lower six figure salary working a little...
by Meaty
Thu Sep 03, 2015 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: becoming a landlord
Replies: 20
Views: 1405

Re: becoming a landlord

[quote="renue74"]I started buying rentals last October. I have 2 duplexes and 1 single family home. They are pretty much in "C" neighborhoods in my town. I use a very detailed XLS spreadsheet to vet whether I'm interested in properties or not. Right now, the market is too hot to ...
by Meaty
Thu Sep 03, 2015 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: becoming a landlord
Replies: 20
Views: 1405

Re: becoming a landlord

There is a lot I could tell you, but these are the 3 simplest things. 1. Treat it as a business, not an investment. 2. Have a large cash reserve for property management. 3. Start small to see if you like it. Wish you the best. Thanks. How much cash would you recommend? Is a certain percentage of re...
by Meaty
Thu Sep 03, 2015 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: becoming a landlord
Replies: 20
Views: 1405

becoming a landlord

I`m thinking about becoming a landlord and would appreciate any feedback from current/former landlords. Was/is it worth your time and investment? what advice would you give someone looking into becoming a landlord today? I`m interested in apartment buildings; preferably around 8-12 units to start. t...
by Meaty
Wed Sep 02, 2015 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Home Equity When Estimating Savings for Retirement
Replies: 47
Views: 2525

Re: Home Equity When Estimating Savings for Retirement

I don't given I'll need a place to live in post-retirement and, if I tap the equity or sell, then I'll have a monthly payment. Unless you have a large home now that you plan to sell/downsize then I'd advocate leaving it out
by Meaty
Mon Aug 24, 2015 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Selling amid market movements
Replies: 3
Views: 440

Re: Selling amid market movements

Uncle Pennybags wrote:How embarrassing to show up in the same suit.


Ha!
by Meaty
Mon Aug 24, 2015 8:44 am
Forum: Investing - Help with Personal Investments
Topic: What to do now with market crash?
Replies: 56
Views: 7589

Re: What to do now with market crash?

How bad do you all think this thing is going to get now that china and india market crashed again today? I waited for a moment like this to come along before I start to invest. I am 21 years old and have $10k investing cash set aside. What would be a good course of action in a situation like this? ...
by Meaty
Mon Aug 24, 2015 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Selling amid market movements
Replies: 3
Views: 440

Selling amid market movements

I've seen several similar threads recently; all with the theme of exiting the market or otherwise making big moves based on volatility. Here's a recent interview with jack

http://www.cnbc.com/2015/08/24/jack-bog ... ility.html

A good read if you're a little jittery
by Meaty
Sat Aug 22, 2015 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Enough is enough
Replies: 51
Views: 15360

Re: Enough is enough

I chose money. I work all the time. I save almost every penny. I regret none of it. My wife is 10 years younger than I am. Women outlive men by something like 10 years. I am therefore planning a retirement for 20 years after I am dead. Why no regrets? She is more important to me than anything, and ...
by Meaty
Sat Aug 22, 2015 7:52 am
Forum: Investing - Theory, News & General
Topic: How long will you"Stay the Course"?
Replies: 99
Views: 8673

Re: How long will you"Stay the Course"?

I stayed the course of 100% equities through 2008; and even bought more as the market declined.
by Meaty
Fri Aug 21, 2015 8:19 am
Forum: Investing - Help with Personal Investments
Topic: Should I sell a fund that just went red?
Replies: 9
Views: 1099

Re: Should I sell a fund that just went red?

Good advice above. The only thing I'd add is, if a 1k paper loss has you thinking about "selling and sitting tight" then you need a far more conservative allocation.
by Meaty
Wed Aug 19, 2015 9:18 am
Forum: Investing - Theory, News & General
Topic: How many here follow Bogle's "no international" theory?
Replies: 82
Views: 5312

Re: How many here follow Bogle's "no international" theory?

I have zero international. I can't justify the currency risk and I believe most foreign "high growth" markets are rigged; most notably China. I have no proof of that but it's what I believe. More established markets like Europe have fiscal, demographic, and cultural issues that I believe w...
by Meaty
Tue Aug 18, 2015 5:15 am
Forum: Investing - Help with Personal Investments
Topic: Total Stock Market investor vs SMP 500 admiral + Mid cap admiral
Replies: 9
Views: 999

Re: Total Stock Market investor vs SMP 500 admiral + Mid cap admiral

I would normally go with TSM. However, my 403b only comes in the investor flavor which has a .17% ER while my 403b has a SMP 500 admiral which has a .05%. I don't have an inexpensive small cap but I do have a Vanguard's mid cap admiral (.09% ER) available. I could combine the 2 but would still be m...
by Meaty
Mon Aug 17, 2015 8:50 am
Forum: Investing - Help with Personal Investments
Topic: Is Savings rate better calculated via Gross or Net?
Replies: 23
Views: 1737

Re: Is Savings rate better calculated via Gross or Net?

I prefer to use Gross. Calculating using Net can be thrown off based on your pretax deductions (401k, health, flex spending acct, daycare spending acct, etc). +1. I also think using gross is more conservative and, therefore, enhances likelihood of success. As an example 15% before deducting taxes, ...
by Meaty
Sat Aug 15, 2015 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: Savings accounts and the possibily interest rates rising
Replies: 6
Views: 1135

Re: Savings accounts and the possibily interest rates rising

FedGuy wrote:
Meaty wrote:Nominally and gradually.


Borrowing rates, however (like mortgages and auto loans) will likely rise quickly and fairly aggressively.


Agreed. Bank margins have been shrinking for years. They'll rise quickly
by Meaty
Fri Aug 14, 2015 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: Savings accounts and the possibily interest rates rising
Replies: 6
Views: 1135

Re: Savings accounts and the possibily interest rates rising

Nominally and gradually. It'll be a good 6 months after the fed funds rate increases before banks/the market will raise rates paid to depositors
by Meaty
Fri Aug 14, 2015 7:10 pm
Forum: Investing - Help with Personal Investments
Topic: Hows This Early Retirement Plan
Replies: 13
Views: 1605

Re: Hows This Early Retirement Plan

:happy Related to software, but what do you think about this plan? 300K + "SEP IRA - 53K a year (For however long I have my side business)" How much does your side business bring in? You are limited to around 20% of self-employment net profit; it's not a flat amount. What's the side busin...
by Meaty
Fri Aug 14, 2015 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: Hows This Early Retirement Plan
Replies: 13
Views: 1605

Re: Hows This Early Retirement Plan

JustinCC wrote:300K +

PaddyMac wrote:"SEP IRA - 53K a year (For however long I have my side business)"

How much does your side business bring in? You are limited to around 20% of self-employment net profit; it's not a flat amount.


What's the side business? I'm in the wrong "main" business. :D
by Meaty
Thu Jul 30, 2015 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Does % of students from low income households factor when you pick schools for kids?
Replies: 39
Views: 2763

Re: Does % of students from low income households factor when you pick schools for kids?

Him: Age=35, Income=130K Her: Age=30, Income=95K Tax: Married-Filing-Jointly, 28% Bracket, Illinois Status: Renting at $1500/month. Planning to buy first-home, One toddler, planning another kid next year Hi, We are trying to pick a home with good schools. I want my kid to go into a somewhat raciall...
by Meaty
Tue Jul 21, 2015 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: How do people afford children with a SAHS?
Replies: 183
Views: 11195

Re: How do people afford children with a SAHM?

$85,000 would put you ahead of~75% of all other wage earners in the USA. If you cannot afford now, then when? Ahead of 80%? 90%? More? Point is, people of significantly less means successfully pro-create. You can too provided that is a priority and you are willing to sacrifice. Also, don't forget t...
by Meaty
Tue Jul 21, 2015 9:25 am
Forum: Personal Finance (Not Investing)
Topic: How do people afford children with a SAHS?
Replies: 183
Views: 11195

Re: How do people afford children with a SAHM?

$85,000 would put you ahead of~75% of all other wage earners in the USA. If you cannot afford now, then when? Ahead of 80%? 90%? More? Point is, people of significantly less means successfully pro-create. You can too provided that is a priority and you are willing to sacrifice. Also, don't forget t...
by Meaty
Mon Jul 20, 2015 2:18 pm
Forum: Investing - Theory, News & General
Topic: When did you start investing in the Market?
Replies: 60
Views: 3636

Re: When did you start investing in the Market?

Age 21. First real job after college
by Meaty
Mon Jul 20, 2015 11:59 am
Forum: Personal Consumer Issues
Topic: Solar shades
Replies: 5
Views: 623

Re: Solar shades

I have them; they make a big difference in temp. Look at blinds.com. They had the best prices. I can't recall the brand we bought
by Meaty
Mon Jul 20, 2015 11:39 am
Forum: Investing - Theory, News & General
Topic: What 2008/09 has done to me
Replies: 158
Views: 19725

Re: What 2008/09 has done to me

As someone 31 years old, working at mega corp, and the primary breadwinner for a young family, this thread scares the bejeezes out of me
by Meaty
Mon Jul 20, 2015 7:29 am
Forum: Personal Consumer Issues
Topic: Termite bond rip off??
Replies: 14
Views: 1186

Re: Termite bond rip off??

Not a termite expert, but if it were me I'd just get the actual treatment (~$1500). The annual visual inspection for ~$100 is something you can do and you never know what they'll decline to cover should you have an actual issue

Good luck
by Meaty
Mon Jul 13, 2015 7:07 am
Forum: Investing - Help with Personal Investments
Topic: 29, relatively high income, seriously considering early retirement
Replies: 42
Views: 7378

Re: 29, relatively high income, seriously considering early retirement

I think this is a typical misconception by my generation (I'm 2 years older than the OP) instead of "retire" why not shoot to achieve financial independence by X age. Then you can work part time, change fields, whatever makes you happy. That's what I'm shooting for. "Retiring" a...
by Meaty
Sun Jul 12, 2015 11:18 am
Forum: Investing - Help with Personal Investments
Topic: 29, relatively high income, seriously considering early retirement
Replies: 42
Views: 7378

Re: 29, relatively high income, seriously considering early retirement

I think this is a typical misconception by my generation (I'm 2 years older than the OP) instead of "retire" why not shoot to achieve financial independence by X age. Then you can work part time, change fields, whatever makes you happy. That's what I'm shooting for. "Retiring" at...
by Meaty
Fri Jul 10, 2015 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Does Anyone Plan to Work Past 70 years of Age
Replies: 63
Views: 5937

Re: Does Anyone Plan to Work Past 70 years of Age

I hope to not be working in my 60s let alone 70s
by Meaty
Wed Jul 08, 2015 5:25 am
Forum: Personal Finance (Not Investing)
Topic: Longtime Insurance Customers Get Ripped [overcharged]
Replies: 106
Views: 14697

Re: Longtime Insurance Customers Get Ripped [overcharged]

One thing that jumps out to me in reading this post and another recent post on the subject of insurance rates; just how do you know what level of service you are going to get from your new company? I have been with USAA for 54 years now currently having home, auto, umbrella, and valuable personal i...
by Meaty
Thu Jul 02, 2015 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: value over growth ?
Replies: 15
Views: 1332

Re: value over growth ?

I'm all about total maximum risk adjusted return. I care not if its "value" or "growth"
by Meaty
Fri Jun 26, 2015 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Move for a Federal Job - Finances?
Replies: 21
Views: 2592

Re: Move for a Federal Job - Finances?

joe8d wrote:They should stay put.


Agreed. Less money. Away from family, stress of moving. I see 0 upside
by Meaty
Fri Jun 26, 2015 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Emergency Funds - Money Market vs Savings Acct?
Replies: 7
Views: 753

Re: Emergency Funds - Money Market vs Savings Acct?

I keep mine in an fdic insured account for the reasons you state. I believe most here would agree
by Meaty
Thu Jun 25, 2015 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Workplace Instability
Replies: 15
Views: 2329

Re: Workplace Instability

I recommend you read"Monday morning leadership" as a similar situation is addressed. My two cents as someone who has been in management for awhile with over 100 indirect reports - people leave their manager (or stick with them) even if the company is good/bad, upper management is good/bad,...
by Meaty
Wed Jun 24, 2015 8:20 pm
Forum: Personal Consumer Issues
Topic: Colorado Vacation suggestions
Replies: 53
Views: 5111

Re: Colorado Vacation suggestions

Second for Breckinridge
by Meaty
Tue Jun 23, 2015 8:53 am
Forum: Investing - Help with Personal Investments
Topic: No bonds?? All Equity portfolio in 20s
Replies: 74
Views: 9377

Re: No bonds?? All Equity portfolio in 20s

I'm 31 and 100% equities. Why? Because I not only "held on" in 2009 but I literally sold a car, downsized, so I could by MORE of equity index funds. I know my tolerance. If you are equally confident than go for it. Most don't truly know Tell me more about this time period. I never lived t...
by Meaty
Mon Jun 22, 2015 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Work Relocation Opportunity
Replies: 11
Views: 1665

Re: Work Relocation Opportunity

Do not buy a house in Dallas. Rent for a year or two to start. Figure out which neighborhoods you like, etc. For all you know, you might hate Dallas. Why tie yourself down that quickly? I agree with this. The metromess housing market is on fire right now. Also the DFW area is huge geographically, m...
by Meaty
Mon Jun 22, 2015 7:03 pm
Forum: Investing - Help with Personal Investments
Topic: No bonds?? All Equity portfolio in 20s
Replies: 74
Views: 9377

Re: No bonds?? All Equity portfolio in 20s

I'm 31 and 100% equities. Why? Because I not only "held on" in 2009 but I literally sold a car, downsized, so I could by MORE of equity index funds.

I know my tolerance. If you are equally confident than go for it. Most don't truly know
by Meaty
Mon Jun 22, 2015 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: shopping for insurance
Replies: 13
Views: 1514

Re: shopping for insurance

I use an independent agent. He shops my insurance annually through 20+ companies How did you find him and how does he get compensated? I have been looking for one but they only compare a handful of companies. I can't speak for Meaty, but mine are compensated through relationships with the companies...
by Meaty
Mon Jun 22, 2015 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Graduated College. Now What?
Replies: 8
Views: 777

Re: Graduated College. Now What?

Payoff the school loans in the next 12 months. 10k should be easy to knock out. Then up your 401k contribution/roth ira contributions to total of 15% This was my initial plan. I'm currently reading the Boglehead's guide to investing, and began questioning whether paying off relatively low-interest ...
by Meaty
Mon Jun 22, 2015 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: Graduated College. Now What?
Replies: 8
Views: 777

Re: Graduated College. Now What?

Payoff the school loans in the next 12 months. 10k should be easy to knock out. Then up your 401k contribution/roth ira contributions to total of 15%
by Meaty
Sun Jun 21, 2015 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: shopping for insurance
Replies: 13
Views: 1514

Re: shopping for insurance

I use an independent agent. He shops my insurance annually through 20+ companies
by Meaty
Sat Jun 20, 2015 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Bankruptcy
Replies: 18
Views: 2709

Re: Bankruptcy

If the car is lien free and owned by both of you, you have nothing to worry about if 1) the chapter 7 case remains a "no asset" case or 2) the car can be exempted under one of the available exemptions under section 522 Good advice earlier in this thread regarding preferential transfer. If ...
by Meaty
Sat Jun 20, 2015 8:58 am
Forum: Investing - Help with Personal Investments
Topic: So my pension has been frozen...
Replies: 34
Views: 6504

Re: So my pension has been frozen...

Assuming "27 years from now" means age 65, you would have to turn that $6100 into $65,000 to purchase an annuity that provides $363/mo. That means a little over a 9% rate of return if you invested the money yourself. I wouldn't bet on that. From a pure dollars and cents perspective, stick...
by Meaty
Fri Jun 19, 2015 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Bankruptcy
Replies: 18
Views: 2709

Re: Bankruptcy

There's a lot of mis-information in this thread. If she is filing a 7, there will be virtually no impact to you so long as the loan is kept current and there's no positive equity in the car.
by Meaty
Sun Jun 07, 2015 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Putting off Social Security until 70
Replies: 89
Views: 8297

Re: Putting off Social Security until 70

Many here plan to delay until age 70 due to the 8% per yr increase. I don't agree,however, because the amount at age 62 and 70 are actuarialy equivalent. If I recall correctly, one has to live to ~81 to break even
by Meaty
Mon May 18, 2015 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: How do Bogleheads (in general) plan to finance their healthcare for later life?
Replies: 34
Views: 4032

Re: How do Bogleheads (in general) plan to finance their healthcare for later life?

With a roth you fund with after tax dollars and get tax free accumulation. With a HSA you never pay taxes (contributions or gains) ever so long as you use it for medical expenses. Long term care insurance has gotten ridiculously expensive and the benefits tend to be limited; I couldn't justify the p...
by Meaty
Fri May 15, 2015 6:34 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 545
Views: 78186

Re: What are you up YTD?

11.50%
by Meaty
Sun Apr 26, 2015 2:55 pm
Forum: Personal Consumer Issues
Topic: Home Thermostat Wiring
Replies: 15
Views: 2172

Re: Home Thermostat Wiring

In addition to the above I wouldn't loop you compressor fan like you described. That just means the fan will always run (even if the AC/heat pump isn't)

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