Search found 975 matches

by Novine
Wed Aug 26, 2015 4:11 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks Does it Ever Make Sense?
Replies: 73
Views: 3539

Re: Individual Stocks Does it Ever Make Sense?

"A lot of folks are saying that I'm gambling. Am I really though?" I guess I would say "no" but not for the reason that you think. I don't understand the purpose of picking "safe" stocks. With those stocks, you're losing the benefits that come with diversification with ...
by Novine
Mon Aug 24, 2015 9:13 am
Forum: Investing - Theory, News & General
Topic: New Investors - First Correction?
Replies: 45
Views: 3829

Re: New Investors - First Correction?

"The past week has stung, this is my first correction. After "doing the right thing" I feel like I made a big mistake. Obviously I couldn't have known a correction was coming but it's hard to think that I somehow messed up." How do you think your individual stocks and sector fund...
by Novine
Mon Aug 24, 2015 9:05 am
Forum: Investing - Help with Personal Investments
Topic: Did a dumb thing [lump summed into market after sitting on cash for years]
Replies: 111
Views: 12804

Re: Did a dumb thing [lump summed into market after sitting on cash for years]

"So now that we have a full blown market crash - you guys are not selling?"

Why would I? I have an investment timeline of decades. How about you?
by Novine
Sun Aug 23, 2015 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: When pension beneficiary pre-deceases pensioner
Replies: 4
Views: 652

Re: When pension beneficiary pre-deceases pensioner

Agree with other posters that these are plan specific questions. You need to contact the pension plan and get your questions answered. You never want to assume and discover too late that your assumptions are incorrect.
by Novine
Sat Aug 22, 2015 7:52 pm
Forum: Investing - Help with Personal Investments
Topic: Did a dumb thing [lump summed into market after sitting on cash for years]
Replies: 111
Views: 12804

Re: Did a dumb thing [lump summed into market after sitting on cash for years]

Kaylson - when do you plan to retire? If it's more than a few years, why are you constantly looking at those balances? It's not as if you are going to take that money out soon, are you? I look at my balances once a month and only that often because we tally our financial totals once a month. Otherwi...
by Novine
Sat Aug 22, 2015 9:18 am
Forum: Investing - Help with Personal Investments
Topic: A year with Bogleheads! Update and Thanks
Replies: 19
Views: 1910

Re: A year with Bogleheads! Update and Thanks

I don't see anything wrong with being 100% stocks at 22. I've always held some bonds but if there's a time to learn whether you can stomach a crash or not, it's better to do it at 22 when you don't have a lot put away and you have plenty of time to recover from the losses. Too many people don't lear...
by Novine
Sat Aug 22, 2015 9:11 am
Forum: Investing - Help with Personal Investments
Topic: Simple Vanguard ETF Portfolio Recommendation for Young Investor?
Replies: 7
Views: 332

Re: Simple Vanguard ETF Portfolio Recommendation for Young Investor?

Personally, I would aim to get that down to 2 or 3 ETFs, mimicking the 3 Fund portfolio. Considering the amount you have invested, slicing and dicing it that way makes it unnecessarily complicated and it likely isn't resulting in any significant boost to your portfolio. Plus, even though you've slic...
by Novine
Fri Aug 21, 2015 11:02 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA losing value....should I exchange?
Replies: 36
Views: 3002

Re: Roth IRA losing value....should I exchange?

From your first post here, you indicated you are 30 years old. My first suggestion to you is to stop looking at your account balance for your Roth IRA. You've invested in an IRA - an Individual Retirement Account (or what the IRS calls an Individual Retirement Arrangement). That's money your saving ...
by Novine
Fri Aug 21, 2015 10:52 pm
Forum: Investing - Theory, News & General
Topic: Should I want the market to go up or down?
Replies: 35
Views: 3176

Re: Should I want the market to go up or down?

"However, if I am 67 years old and retired last month I want the market to embrace this past week as a short-term correction in an absolutely ridiculous raging bull market." At 67, I plan on having an AA in place that will be more insulated from downturns that my current AA. Buy - hold - r...
by Novine
Mon Aug 17, 2015 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Refi to drop mortgage insurance?
Replies: 12
Views: 987

Re: Refi to drop mortgage insurance?

Try this refinancing calculator. Keep in mind that interest rates are higher than your current rate and that rolling your closing costs into the loan will bump that up even further.
by Novine
Sun Aug 02, 2015 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: Is Is Wise Not To Factor Social Security/Medicare Into Your Retirement Plans?
Replies: 20
Views: 1629

Re: Is Is Wise Not To Factor Social Security/Medicare Into Your Retirement Plans?

When I hear people like the OP talk say "I don't expect Medicare to be around when I retire" , I wonder how do you project those costs? Although we know that health insurance costs do not equal health care costs, we know that as we age, health insurance is going to get more and more expens...
by Novine
Sat Aug 01, 2015 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Keep paying the mortgage??
Replies: 67
Views: 6674

Re: Keep paying the mortgage??

I would hold off contacting any professional organizations until your lawyer has weighed in on how they are going to proceed. The threat of reporting this individual to a professional organization may be one of the methods that your lawyer will use to get this individual to rectify the situation sho...
by Novine
Sat Aug 01, 2015 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Is Indexed Universal Life Insurance Best Legacy?
Replies: 36
Views: 1891

Re: Is Indexed Universal Life Insurance Best Legacy?

"I don't feel obligated at all. I just want to give the agent the courtesy of telling him why it is not a good fit, but I need to understand the product to do that." The best answer is "Thank you but we're not interested in [insert insurance product name here]." Otherwise, you le...
by Novine
Thu Jul 30, 2015 7:52 pm
Forum: Investing - Theory, News & General
Topic: Can I be a Boglehead and a UAW?? [Under Accumulator of Wealth]
Replies: 27
Views: 2564

Re: Can I be a Boglehead and a UAW??

"There is much criticism, but very little in terms of a different or better metric/formula. Greatly seeking reassurance for my fragile and frugal ego that we’re doing well towards accumulating wealth." You do realize that the formula is way too simplistic to be anything other than a rough ...
by Novine
Tue Jul 28, 2015 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: Keep paying the mortgage??
Replies: 67
Views: 6674

Re: Keep paying the mortgage??

"At no time did the seller/realtor (one and the same), mortgage officer, or attorney advise me on the importance of the inspection or I certainly would have asked for one." That's because it was your responsibility to get the home inspected before you got yourself on the hook for a mortgag...
by Novine
Tue Jul 28, 2015 6:38 pm
Forum: Personal Consumer Issues
Topic: Free Windows 10 Upgrade, Yes or No?
Replies: 329
Views: 28210

Re: Free Windows 10 Upgrade, Yes or No?

"Generally my advice with a new OS is wait for the first service pack or maintenance (non-security) update. Then upgrade, so you are taking full advantage of the latest enhancements (especially security related)." Windows 10 isn't going to follow the traditional pattern of patches and serv...
by Novine
Mon Jul 20, 2015 11:46 am
Forum: Investing - Help with Personal Investments
Topic: 26 in California: Maxing out Roth IRA/401k, but what to do about HSA?
Replies: 19
Views: 2298

Re: 26 in California: Maxing out Roth IRA/401k, but what to do about HSA?

"We tried to use funds in our HSA to pay for our 3-month old (we are now on a PPO) and were told we could not because we are not currently on an HDP. Were we lied to by the hospital billing office?" Not sure if you were lied to but what's to stop you from paying that cost out of pocket and...
by Novine
Mon Jul 20, 2015 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Can You Contribute to Parents Roth IRA?
Replies: 26
Views: 2300

Re: Can You Contribute to Parents Roth IRA?

The OP reported: "I would always max out all my retirement accounts (18K Pre-Tax and 20K after-tax (Will convert to Roth) for my employers 401K, I also have a SEP IRA I will contribute 53K pre-tax (Small side business)) and likely add some to a 529 before contributing to my parents plan." ...
by Novine
Sat Jul 18, 2015 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Savings Plan Advice - What to do with my assets?
Replies: 12
Views: 1205

Re: Savings Plan Advice - What to do with my assets?

Interesting that your wife is a "debt is the devil" person combined with a bit of a gambling streak. Those usually don't go together. Who would be sticking the stocks in the stock-picking scenario - you or the wife?
by Novine
Fri Jul 17, 2015 6:54 pm
Forum: Investing - Theory, News & General
Topic: Indexing vs Active Stock Selection
Replies: 50
Views: 3917

Re: Indexing vs Active Stock Selection

By the way, how is GT Advanced Technologies doing these days? That was a "can't miss path to millions" for stock pickers.
by Novine
Fri Jul 17, 2015 6:45 pm
Forum: Investing - Theory, News & General
Topic: Indexing vs Active Stock Selection
Replies: 50
Views: 3917

Re: Indexing vs Active Stock Selection

I'm not sure I consider what the OP described as a good example of "active investing". First, it sounds like the OP has employed a "buy and hold" strategy. That gives them an advantage over the average active stock picker by minimizing transaction costs and taxes. Second, while t...
by Novine
Fri Jul 17, 2015 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Savings Plan Advice - What to do with my assets?
Replies: 12
Views: 1205

Re: Savings Plan Advice - What to do with my assets?

It sounds like the wife is more interested in playing the stock market versus just indexing in a taxable account.
by Novine
Fri Jul 17, 2015 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Savings Plan Advice - What to do with my assets?
Replies: 12
Views: 1205

Re: Savings Plan Advice - What to do with my assets?

Why is your wife looking to invest in taxable accounts? I would want to understand her reasons before settling on a course of action.
by Novine
Thu Jul 16, 2015 11:04 pm
Forum: Investing - Help with Personal Investments
Topic: Considering Life Insurance Overfund as Short-Term Investment
Replies: 18
Views: 1494

Re: Suggestion for Short-Term Investments

I don't follow the logic of paying 4.5% interest on debt so that you can try to earn 3.5% interest on savings...
by Novine
Tue Jul 14, 2015 9:31 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Review - 29 & 28 Year Old Married Couple
Replies: 14
Views: 1873

Re: Financial Review - 29 & 28 Year Old Married Couple

"We usually spend about $4,500 - $5,500 per month including our bills, groceries, entertainment, etc. So, we have about $4,000 or $5,000 in additional income per month that we need to allocate." Does the expenditure side of your numbers include current contributions to your retirement acco...
by Novine
Tue Jul 14, 2015 9:26 pm
Forum: Personal Consumer Issues
Topic: Builder wants to put a retaining wall on my property
Replies: 52
Views: 4650

Re: Builder wants to put a retaining wall on my property

"That’s an interesting idea of selling them that little piece of land, on the condition that I’m not responsible for water run-off or land settling. And selling a temporary easement is something totally new." It was noted earlier that you might not be able to sell off a strip of land. In s...
by Novine
Wed Jul 08, 2015 6:24 pm
Forum: Personal Consumer Issues
Topic: What antivirus software?
Replies: 47
Views: 3259

Re: What antivirus software?

I've talked to a lot of satisfied users of the free version of AVG. Microsoft Security Essentials gets decent reviews. But I prefer to get my anti-virus software from companies that specialize in anti-virus software.
by Novine
Tue Jul 07, 2015 9:47 am
Forum: Personal Finance (Not Investing)
Topic: How nuch concern is it to you when stocks
Replies: 50
Views: 3219

Re: How nuch concern is it to you when stocks

I'm surprised that no one directly addressed the OP's follow-up comment: "It is all fine while a person is still contributing to the market on a monthly basis but when you are done on monthly contributions. I won't be buying at low costs anymore." If your now in the retirement phase of you...
by Novine
Mon Jul 06, 2015 8:37 pm
Forum: Personal Consumer Issues
Topic: Worst financial book you have read (or will admit you have read)
Replies: 94
Views: 9195

Re: Worst financial book you have read (or will admit you have read)

"The worst "financial" book I read has to be Rich Dad, Poor Dad by Robert Kiyasaki." I gave this zero stars at Goodreads. Glad that I checked it out from the library and didn't waste a cent on it. The reviews at Goodreads run hot and cold. People either love it or hate it. I disl...
by Novine
Mon Jul 06, 2015 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Newlywed Financial Checkup
Replies: 8
Views: 692

Re: Newlywed Financial Checkup

You'll need to provide more details on your retirement accounts if you're looking for advice on asset allocation, etc. But from a 10,000 ft view, you're off to a good start financially as a married couple. Is there a reason for not contributing more than 5% to the wife's 401k? You're in a fortunate ...
by Novine
Fri Jul 03, 2015 9:30 am
Forum: Investing - Theory, News & General
Topic: Emergdoc on Mr. Money Mustache
Replies: 186
Views: 21939

Re: Emergdoc on Mr. Money Mustache

"His financial independence is predicated on not spending. Because if he spends (and someday he might want to or have to), he's not independent. Financial independence should give you more choices, not fewer." Emergdoc has debunked this view of MMM. As Emergdoc noted, MMM could significant...
by Novine
Thu Jul 02, 2015 7:02 pm
Forum: Investing - Theory, News & General
Topic: How did you start?
Replies: 35
Views: 3604

Re: How did you start?

A great primer not just on investing but on what it takes to be a successful investor for the long term - William Bernstein's If You Can: How Millenials Can Get Rich Slowly . It's only 15 pages long but packed full of great information.
by Novine
Thu Jul 02, 2015 6:50 pm
Forum: Investing - Help with Personal Investments
Topic: Taking over my own Investing, Lots of Questions
Replies: 16
Views: 1707

Re: Taking over my own Investing, Lots of Questions

You might not get a lot of responses with the holiday weekend (US) approaching. Renue74's link should help clarify your questions about bond fund placements: - 1st choice: Tax-deferred account like your 403b - 2nd choice: Tax free account - Roth IRA - 3rd choice: Taxable account Do you have any acce...
by Novine
Sat Jun 27, 2015 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Do you think this is a smart budget ?
Replies: 17
Views: 2876

Re: Do you think this is a smart budget ?

It depends. What income would you have if you lost your job? How would you pay for health insurance for you and your family? Could your spouse go to work if you couldn't find work? What are the job prospects if you lost your job? If you didn't have income coming in, how would you pay for your house,...
by Novine
Sat Jun 27, 2015 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: NJ state pension
Replies: 39
Views: 2789

Re: NJ state pension

It's both - there are the legal hurdles and the political hurdles. My thought is that even if it was legally doable, and I agree with your assessment of the challenge to doing that, the political obstacles would make that very unlikely.
by Novine
Sat Jun 27, 2015 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: As a couple in late 30s, how bad are we doing?
Replies: 63
Views: 11611

Re: As a couple in late 30s, how bad are we doing?

It is a late start and most people your age on Bogleheads probably are further ahead than you are today. But keep in mind that you are 30 years away from your retirement age per Social Security which means you'll likely have several decades of working and saving before you have to use those retireme...
by Novine
Sat Jun 27, 2015 10:23 am
Forum: Investing - Help with Personal Investments
Topic: NJ state pension
Replies: 39
Views: 2789

Re: NJ state pension

"I could assume that they'll get it for at least the next 6 years, taking my MIL to maximum SS benefits, and then assume $0. That seems too safe though? I wonder what the worst outcome for any state pension has been to date." It hasn't been zero. Even if a plan is underfunded, it still can...
by Novine
Sat Jun 27, 2015 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Do you think this is a smart budget ?
Replies: 17
Views: 2876

Re: Do you think this is a smart budget ?

Since your spouse doesn't work and you have young children, I personally would want more than 6 months in an emergency savings accounts. Assuming you have decent fund choices in your workplace 401k, you should start there. That will help reduce your taxable income too. Do you plan on helping the kid...
by Novine
Sat Jun 27, 2015 10:01 am
Forum: Investing - Help with Personal Investments
Topic: unsure if I should open up a 457B
Replies: 23
Views: 2022

Re: unsure if I should open up a 457B

"I don't quite understand the relevance of me having a separate good retirement tool from a total $ perspective." Based on what you've shared, you're going to have a number of income sources in retirement: - 403b - Pension - Roth IRA - Social Security Some people like to add a taxable acco...
by Novine
Fri Jun 26, 2015 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Made outsize returns in a short period of time: what am I doing wrong?
Replies: 37
Views: 5625

Re: Made outsize returns in a short period of time: what am I doing wrong?

"I rebalanced from TSL to JASO a couple of hours after the CEO made the announcement of his buyout offer, because although I had planned to rebalance the day before, I was way too busy and didn't log in until after markets had closed, so I'm still negative on JASO." JASO is still around? T...
by Novine
Fri Jun 26, 2015 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Pension Question - Early Retirement
Replies: 38
Views: 5101

Re: Pension Question - Early Retirement

"I haven't done anything about contacting the prior employer about beginning payments because I have not planned to take them. Obviously, the longer I delay taking them, the more they are worth and I don't need the income now." Is that actually the case? Some pension plans don't give you h...
by Novine
Sun Apr 26, 2015 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Help getting rid of debt
Replies: 56
Views: 3770

Re: Help getting rid of debt

What's the interest rate you are paying on the credit card debt?
by Novine
Sun Apr 19, 2015 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Using Zillow/Zestimate to value a home?
Replies: 43
Views: 5260

Re: Using Zillow/Zestimate to value a home?

You can use Zillow to see recent sales in the area. Use the filters to narrow those sales down to properties that are similar to the one you are interested in as it relates to square footage, lot size, age, etc. It won't be a perfect guide but it approximates the steps that a realtor would do for yo...
by Novine
Tue Apr 14, 2015 8:57 am
Forum: Investing - Theory, News & General
Topic: When did a GO (General Obligation) Bond last Default?
Replies: 10
Views: 1409

Re: When did a GO Bond last Default?

Detroit had some unsecured GO bonds that they defaulted on in the process of going into bankruptcy. I don't know the specifics of how those bonds were ultimately resolved. The likelihood of GO bonds going into default are pretty low. Most municipalities have the authority to tax to whatever point i...
by Novine
Sat Apr 11, 2015 9:13 pm
Forum: Investing - Theory, News & General
Topic: Stop contributing, and cash out your 401
Replies: 16
Views: 2980

Re: Stop contributing, and cash out your 401

From her previous workplace via her LinkedIn profile: "Rasberry Producer Group specializes in helping Independent Financial Advisors and Life Insurance Agents sell more Life Insurance. We are a producer group that works heavily in the Indexed Universal Life arena. With over 50 carriers availabl...
by Novine
Fri Apr 10, 2015 6:40 pm
Forum: Personal Consumer Issues
Topic: On a budget and Friday night
Replies: 68
Views: 5874

Re: On a budget and Friday night

Dinner for 4 and a movie for $50? That's a deal around here! But more seriously, if you're trying to save, dinner at home and Netflix sounds like a good way to spend a Friday evening and save a few dollars.
by Novine
Tue Apr 07, 2015 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: Switch to 15 year mortgage? (Cash flow vs. better rate)
Replies: 17
Views: 1836

Re: Switch to 15 year mortgage? (Cash flow vs. better rate)

What rate can you get on a new 30 year? We looked at doing 15 years but found we could get a new 30 year and still get a lower rate and make up the difference in closing costs in under 2 years . Right now, I'm paying off the new loan as if it was a 15 year loan but have the flexibility to fall back ...
by Novine
Sat Apr 04, 2015 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Understanding Form 8889 and HSA Contribution
Replies: 2
Views: 537

Re: Understanding Form 8889 and HSA Contribution

OK. I expect we'll still be in the plan through the end of 2015 but good to know information.
by Novine
Fri Apr 03, 2015 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Understanding Form 8889 and HSA Contribution
Replies: 2
Views: 537

Understanding Form 8889 and HSA Contribution

In August of 2014, we moved back into a HDHP plan that allowed us to start contributing again into an HSA. My understanding of form 8889 is that since we had "family coverage" on the first day of December, the "last month's rule" means that we considered "an eligible individ...
by Novine
Wed Apr 01, 2015 11:17 am
Forum: Investing - Help with Personal Investments
Topic: portfolio review - well placed to catch up?
Replies: 2
Views: 505

Re: portfolio review - well placed to catch up?

"3) How much cash do people recommend to keep on hand for buying a >10% drop in the market? Is this a fool's errand?"

That's one reason why you hold bonds. When the market goes down, you rebalance from bonds into stocks to get yourself back to the appropriate percentages.

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