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Re: What percentage of my portflio should be in cash?

Whatever makes you comfortable. :D There is no set rule for how much should be in cash that I know of. Sounds kind of like you mean and emergency fund... cash set aside for unexpected expenses? Maybe take some cash and separate it from your portfolio as the emergency fund. It is a very individual th...
by Twins Fan
Wed Jul 30, 2014 2:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: What percentage of my portflio should be in cash?
Replies: 10
Views: 696

Re: Principal Residence = Poor Investment?

Along the lines of others... Principal Residence = Not an Investment

That's how I look at it anyway. I like to keep it simple... It's where I live, that's all.
by Twins Fan
Wed Jul 30, 2014 11:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Principal Residence = Poor Investment?
Replies: 58
Views: 2920

Re: Taking out mortgage with zero down. Smart or no?

That's also part of living and learning, and gaining life experience. Sometimes experience is costly. Trust me I know. :D Home buying is a topic where everyone definitely has an opinion. And, everyone thinks they're right. :D Now, if we could get back on topic... the OP wants to buy a home and is as...
by Twins Fan
Tue Jul 29, 2014 12:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taking out mortgage with zero down. Smart or no?
Replies: 63
Views: 2809

Re: How does car trade-in works?

For heated seats? I'm thinking one of those fuzzy seat covers would be much cheaper. :D I would look at all the sites for a trade in value and find what would would be comfortable taking. Then when you go to get the new to you vehicle, go in with the attitude of you don't NEED to buy this other vehi...
by Twins Fan
Tue Jul 29, 2014 11:53 am
 
Forum: Personal Consumer Issues
Topic: How does car trade-in work?
Replies: 47
Views: 2442

Re: Should retirement investors own small/value stocks at al

I believe they meant tilting, or more S/V than the market. In retirement, I don't think it matters much. Those folks have likely reached their number and 5-10% tilt to something isn't going to sink the portfolio if it under performs for a while. And, if they still tilt in retirement... what's the ol...
by Twins Fan
Tue Jul 29, 2014 11:03 am
 
Forum: Investing - Theory, News & General
Topic: Should retirement investors own small/value stocks at all?
Replies: 25
Views: 1626

Re: Purchasing public pension benefits

Let's see, a pension article from 03/2013 when Detroit had the country in a pension frenzy, and the article basically says there are many ways to run the numbers. What do we call that, noise? :D

Nothing is ever guaranteed, but WA state is doing pretty well.
by Twins Fan
Tue Jul 29, 2014 10:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Purchasing public pension benefits
Replies: 17
Views: 1140

Re: Where to keep "emergency fund" and how much to keep in b

A simple Ally, or similar, online savings/MM account works fine for $5k or so. Unless there's something safe out there offering 25% we don't know about, there's not enough of a difference on $5k to make it worth while... IMO I keep $1000 in my credit union checking because the first $500 gets a 4.04...
by Twins Fan
Tue Jul 29, 2014 10:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Where to keep "emergency fund" and how much to keep in bank?
Replies: 19
Views: 2594

Re: Purchasing public pension benefits

Here you go... http://www.drs.wa.gov/ Plenty of stuff to mess around with on there. I'm in one of the WA State plans myself and I plan to buy credits someday. I don't know if it's the same for all plans, but the one I'm in I can use 457b (traditional) money to buy the credits. So, keeping it all pre...
by Twins Fan
Mon Jul 28, 2014 7:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Purchasing public pension benefits
Replies: 17
Views: 1140

Re: Taking out mortgage with zero down. Smart or no?

Oh, that's another thing about the VA loan... you don't get to buy a heap and fix 'er up. I think they have loan programs for that. But, if you plan to buy it as your primary residence and move right in, the home will have to be in pretty darn good shape for them to approve. If there's issues found ...
by Twins Fan
Mon Jul 28, 2014 6:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taking out mortgage with zero down. Smart or no?
Replies: 63
Views: 2809

Re: Taking out mortgage with zero down. Smart or no?

Boy, this one is spinning off in all sorts of directions. It's obvious many commenting in this one are not familiar with VA loans. Those many probably need not comment in this one. :wink: My question for you all is, how would you feel about buying a home/taking out a mortgage with no money down? Cer...
by Twins Fan
Mon Jul 28, 2014 5:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taking out mortgage with zero down. Smart or no?
Replies: 63
Views: 2809

Re: 401(k) contributions

Correct... unless you have a pre-tax checking account we don't know about and could roll it over? :D I kid... Sounds like you're young and have plenty of time to save/invest. Good job getting started! Personally, I wouldn't worry about it much if you don't get to max it this year. But that's just me...
by Twins Fan
Mon Jul 28, 2014 5:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401(k) contributions
Replies: 11
Views: 703

Re: Stop Extra Payment Toward Mortgage?

OP, you seem to have answered your own question. If dipping into the savings dropped it to a lower level that you like, left you feeling uncomfortable about that, and building the savings back up would make you more comfortable... Well... :wink: I say stop the extra payment, build the savings back u...
by Twins Fan
Sun Jul 27, 2014 11:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Stop Extra Payment Toward Mortgage?
Replies: 31
Views: 1979

Re: debt advice needed for family

As others have mentioned, I would look into refinancing to a 15 year mortgage. That would put you right on schedule for your pay off plan, get you a good bit lower interest rate than 5%, and then keep saving along the lines you are. If you can easily afford the 15 year payment that is. Sounds like y...
by Twins Fan
Fri Jul 25, 2014 11:13 am
 
Forum: Investing - Help with Personal Investments
Topic: debt advice needed for family
Replies: 10
Views: 1341

Re: Please help settle an argument

Yep, wouldn't know until after the fact. But, I would lean towards B. More along the lines of a guaranteed return though. Let's say someone has the cash to buy the car and could put it in a 5 year 1.5% CD and take a 5 year loan out on the car at 0.9%, or buy the car with cash. Sure, throw it in the ...
by Twins Fan
Wed Jul 23, 2014 2:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Please help settle an argument
Replies: 23
Views: 1950

Re: Mortgage Prepayment Question

Maybe some banks take advantage of that vague part of the documents?... "Well, it doesn't say we have to apply it immediately, so..." A few hundred extra bucks interest is a few hundred extra bucks. My primary mortgage is with Wells Fargo, I have sent in prepayments to principal just a few...
by Twins Fan
Wed Jul 23, 2014 10:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage Prepayment Question
Replies: 41
Views: 2590

Re: Mortgage Prepayment Question

My bad,... I assumed there was not an actual $100k prepayment and I wasn't aware of the FHA differences that way. My apologies for my comments thinking you were wrong, OP. :beer
by Twins Fan
Wed Jul 23, 2014 9:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage Prepayment Question
Replies: 41
Views: 2590

Re: Mortgage Prepayment Question

My understanding is that the mortgage payment pays current month's interest, and next month's principal. (1) Wouldn't my July 8's prepayment reduce my August interest payment much more? (2) How do you calculate the new principal/interest amount after the prepayment? When it will be effective? (2) D...
by Twins Fan
Tue Jul 22, 2014 9:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage Prepayment Question
Replies: 41
Views: 2590

Re: If you are a winner before fees, why not lower the ER?

At this point, can you please share the group of funds that fall in #3? As I replied to Twins Fan, can I provide studies? You know, if you keep anwering questions with a question it shows you don't... :wink: I'd say you're way overthinking this. I'm quite certain fund managers have already tried to...
by Twins Fan
Tue Jul 22, 2014 12:41 pm
 
Forum: Investing - Theory, News & General
Topic: If you consistently outperform (pre-fees), why not lower ER?
Replies: 35
Views: 1144

Re: If you are a winner before fees, why not lower the ER?

2. The winners don't stay as winners consistently (no persistence). 3. Before fees, however, a group of funds beat the market consistently. Um, what?? How can winners not stay winners consistently, but there are funds that consistently win? Can you share what group of funds are the consistent winne...
by Twins Fan
Tue Jul 22, 2014 11:06 am
 
Forum: Investing - Theory, News & General
Topic: If you consistently outperform (pre-fees), why not lower ER?
Replies: 35
Views: 1144

Re: How would you handle this situation if it was you.

What do you mean by "basic little credit card payments"? You have one and pay it off monthly, or you carry balances on more than one card? It looks like getting rid of some debt should be a high priority for you. If you have/carry credit card balances, pay those off. As others have suggest...
by Twins Fan
Mon Jul 21, 2014 6:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: How would you handle this situation if it was you.
Replies: 15
Views: 1977

Re: With all these recent posts regarding tilts, should I?

I would say don't even give it a seconds thought now while your portfolio is starting out and small. When a 5% tilt will actually be a noticeable sum, then think about all that. Just my thoughts on it...
by Twins Fan
Mon Jul 21, 2014 5:19 pm
 
Forum: Investing - Theory, News & General
Topic: With all these recent posts regarding tilts, should I?
Replies: 14
Views: 1018

Re: New car - put extra $ towards current loan or save?

I did read that wrong... I see you said extra after the EF. My bad...

Your miles, huh? I was young once too. :oops:
by Twins Fan
Mon Jul 21, 2014 5:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: New car - put extra $ towards current loan or save?
Replies: 9
Views: 605

Re: Hw many credit cards to own?

I don't think I actually "own" any credit cards. :D I do have two that the account holders give me to use though. A Discover card that I use a couple times a year. I have had that account for about 15 years now, so that's my length/history one I hang on to. And I have a Wells Fargo home re...
by Twins Fan
Mon Jul 21, 2014 4:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Hw many credit cards to own?
Replies: 69
Views: 4137

Re: New car - put extra $ towards current loan or save?

Sounds like you need a pick up truck not a car. And, you don't need new. You have a car payment now. Why not find a equal or even cheaper used car/truck and make payments on that? It's a lateral move. If your car now would break even on a trade in, why play games of $500 here or there when you're ju...
by Twins Fan
Mon Jul 21, 2014 4:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: New car - put extra $ towards current loan or save?
Replies: 9
Views: 605

Re: Pay down (not off) mortgage?

I think it seems logical to do it that way, bobby. Of course I think the same way about extra cash now days. :) Since it is extra cash, I don't find being concerned about future what if scenarios applies. Assuming an emergency fund is in place and all that. Deciding what to do with extra cash now, I...
by Twins Fan
Mon Jul 21, 2014 1:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Pay down (not off) mortgage?
Replies: 53
Views: 4848

Re: years of investing and balances

Its really not the question of 1st million ( where I would love to get to soon) but its more catching up for lost years and getting to the right amount of savings by retirement age. SO I also WANT to know, how much of retirement savings in enough. Say for example my gross income is 400 K and our cu...
by Twins Fan
Mon Jul 21, 2014 7:32 am
 
Forum: Investing - Help with Personal Investments
Topic: years of investing and balances
Replies: 23
Views: 1940

Re: Does this loan repayment schedule make sense?

I'd say, you put too much thought into it already. :D I kid! I'm a simple guy and would just split the difference. You have $1500 extra each month, so save $750 and throw $750 at the loan(s). With the fairly low balance and the fairly low interest rate(s) you don't have much total interest left to p...
by Twins Fan
Fri Jul 18, 2014 12:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does this loan repayment schedule make sense?
Replies: 9
Views: 457

Re: If you own a car, do you have a car payment?

I have 3 vehicles and no car payments... a daily driver, a pick up, and a hot rod.

I have financed vehicles before, but always like to pay them off ASAP. It's totally a mental thing, I just can't stand car payments.
by Twins Fan
Fri Jul 18, 2014 11:27 am
 
Forum: Personal Consumer Issues
Topic: If you own a car, do you have a car payment?
Replies: 112
Views: 7283

Re: Take a 15year mortgage or 30 year & Invest?

As for rates of return, that can't be known as the future isn't predictable. Then we can't really predict an answer for who will be better off in the future can we?? :D Lol. That is true. :beer But we can only make a decision with the information we have now and not second guess the choice in the f...
by Twins Fan
Thu Jul 17, 2014 8:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: 15 year mortgage or a 30 year & Invest?
Replies: 34
Views: 3572

Re: Keep house or sell

... Both my parents and my wifes live in the area and they could check in occasionally.... Are you leaving all your wives there, or are you taking one with you :?: :shock: Haha... I saw that too. Why would anyone want more than one of those?! :D OP, if you keep it as a rental and go to buy in the o...
by Twins Fan
Thu Jul 17, 2014 8:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Keep house or sell
Replies: 14
Views: 939

Re: Take a 15year mortgage or 30 year & Invest?

thethinker wrote:As for rates of return, that can't be known as the future isn't predictable.


Then we can't really predict an answer for who will be better off in the future can we?? :D
by Twins Fan
Thu Jul 17, 2014 6:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: 15 year mortgage or a 30 year & Invest?
Replies: 34
Views: 3572

Re: Keep house or sell

Well, no... the numbers using the original post would be a mortgage and HOA fee expense of $1600 and an income of $1300 (1450 - 150 to prop. mgr.) for $300 the OP would have to cover with a renter, or $1600 the OP would have to cover if vacant for a month. There's nothing unaccounted for that would ...
by Twins Fan
Thu Jul 17, 2014 6:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Keep house or sell
Replies: 14
Views: 939

Re: Keep house or sell

How long would you be away for the job opportunity, since you say you could move back? Would you want to buy or rent when you get to where the job opportunity takes you? What do you have now for capital gains on the place? That exclusion can be tough to pass up. I became an accidental landlord in 20...
by Twins Fan
Thu Jul 17, 2014 6:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Keep house or sell
Replies: 14
Views: 939

Re: Take a 15year mortgage or 30 year & Invest?

Does A or B end up with the advantage when,... at 15 years when A is done with the mortgage, or at 30 years when B is done? If at 30 years, did A take the old mortgage payment amount and invest that for 15 years? Depends on rate of return and mortgage rate and all that also. You ask a very open ende...
by Twins Fan
Thu Jul 17, 2014 6:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: 15 year mortgage or a 30 year & Invest?
Replies: 34
Views: 3572

Re: Pre tax vs. after tax retirement investing

Your guess on the future is as good as ours. :) In the highest tax bracket now, deferring taxes as much as you can is tough to pass up. It sounds like you would still have plenty to invest in taxable also. Also, sounds like you will be set up pretty well either way for the future. And, love the scre...
by Twins Fan
Wed Jul 16, 2014 11:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Pre tax vs. after tax retirement investing
Replies: 15
Views: 1531

Re: Advice on setting up asset allocation

I have to wonder about the sudden 85/15 AA. You seem to be pretty conservative having much of your cash in money market funds. Now, a switch to 85/15 and with a tilt to small cap and EM? You sure you (and wife) can handle a downturn... how long have you been investing?
by Twins Fan
Wed Jul 16, 2014 10:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice on setting up asset allocation
Replies: 4
Views: 808

Re: New $35000 to Roth IRA - Dollar Cost Averaging???

I was wondering about the conversion also. I guess I assumed the OP was in a low income year this year (lay off, sabbatical,...) and was taking advantage of that.

OP, have you done this conversion already? What's your income for the year looking like? Traditional may be better here...
by Twins Fan
Tue Jul 15, 2014 9:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: New $35000 to Roth IRA - Dollar Cost Averaging???
Replies: 13
Views: 973

Re: New $35000 to Roth IRA - Dollar Cost Averaging???

Not what do you want for an AA... How did you have the 457b invested with the bad funds... 75/25? You said conversion to your Roth IRA... I take that to mean you already had a Roth with some $$ in there. How is that invested... 75/25? Either way, you're talking $35k here and a 6 month DCA time frame...
by Twins Fan
Tue Jul 15, 2014 8:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: New $35000 to Roth IRA - Dollar Cost Averaging???
Replies: 13
Views: 973

Re: New $35000 to Roth IRA - Dollar Cost Averaging???

Where was the conversion from and how was it invested there? Why dollar cost average now? I'm guessing it was invested in some way before. Stick to the plan.
by Twins Fan
Tue Jul 15, 2014 7:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: New $35000 to Roth IRA - Dollar Cost Averaging???
Replies: 13
Views: 973

Re: Portfolio Advice Late Starter

Do you have a 403b and TSP available to you to contribute to? I'm not sure from your post. Or, is one from a prior employer and one new? What funds are available in the 403b, of you contribute to that one still? It sounds like you should "catch up" just fine even being a late starter. If y...
by Twins Fan
Tue Jul 15, 2014 6:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice Late Starter
Replies: 1
Views: 439

Re: Using Emergency Fund to Pay off Auto Loan

Seems the sudden daycare costs and soon to be new baby are more emergency than paying off the car loan. At least to me. I would keep the cash around at this time. I would also stop the Roth contributions for now. That's a couple hundred extra bucks a month at a time where it sounds like that's neede...
by Twins Fan
Tue Jul 15, 2014 6:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Using Emergency Fund to Pay off Auto Loan
Replies: 20
Views: 1564

Re: Did I make out like a bandit - interest (not Sallie Mae)

The payoff amount is treated differently, I believe. Just like if you refi. Then they want their daily interest. The bank isn't going to get cheated, right? :D But, along the way they keep it pretty simple for us.
by Twins Fan
Tue Jul 15, 2014 12:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Did I make out like a bandit - interest (not Sallie Mae)
Replies: 12
Views: 1593

Re: Did I make out like a bandit - interest (not Sallie Mae)

12%... what is this the '80s? :D You seem to think there's some daily interest calculation going on here? Not for the typical mortgage. Look at the amortization schedule and you will see the each scheduled payment is based off the principal balance at the time of the payment. Not the month prior. Yo...
by Twins Fan
Tue Jul 15, 2014 12:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Did I make out like a bandit - interest (not Sallie Mae)
Replies: 12
Views: 1593

Re: Did I make out like a bandit - interest (not Sallie Mae)

As far as I know, the principal and interest portions for the payment are figured out on the due date. So, the 07/01 payment is figured off of the principal balance on 07/01.
by Twins Fan
Tue Jul 15, 2014 10:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Did I make out like a bandit - interest (not Sallie Mae)
Replies: 12
Views: 1593

Re: Moving From Bonds Into Stocks

So, market timing... good or bad... is that what you're wondering here?

Have you read around the Boglehead forum much, Nerd? :D :wink:
by Twins Fan
Tue Jul 15, 2014 9:41 am
 
Forum: Investing - Help with Personal Investments
Topic: What To Do During A Correction In Stocks?
Replies: 31
Views: 3690

Re: Investing is starting to get boring

Sounds like you're doing it correctly then.
by Twins Fan
Sun Jul 13, 2014 11:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing is starting to get boring
Replies: 39
Views: 3896

Re: Moving from Midwest to Coastal Cities: COL Adjustment?

Have I missed out anything? Lastly, I am also taking a "personal sacrifice", I hate crowds, cities and commute, but I'm willing to move if the $$$ is good. People, personalities, manners, etc... Don't know where in the Midwest you're from, but it's likely VERY different from NYC... or, ma...
by Twins Fan
Sun Jul 13, 2014 11:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Moving from Midwest to Coastal Cities: COL Adjustment?
Replies: 25
Views: 2543

Re: Investing To Buy A House

Base on my current income, I will have about 6k a year to work with. Of course this could change over time. Mess around with some investment calculators and see what different rates of return on $6k/year over 5 years. This is not much time for compounding to do it's thing and you're not starting wi...
by Twins Fan
Sun Jul 13, 2014 11:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing To Buy A House
Replies: 13
Views: 1283

Re: Want international exposure? You already have it.

How much Japan makes up your portfolio, Angst? Probably not much percentage wise. The Japan arguers probably hold about half (market weight) to 70% of their equities in the U.S. Is holding some international going to save one if half to three quarters of thier equities are in one country? If one rea...
by Twins Fan
Wed Jul 09, 2014 11:08 am
 
Forum: Investing - Theory, News & General
Topic: Want international exposure? You already have it.
Replies: 65
Views: 6353

Re: How old is your OLDEST motor vehicle?

1970 Chevelle... loud, fast, gas hog, and not bogleheadish at all. :D
by Twins Fan
Wed Jul 09, 2014 10:52 am
 
Forum: Personal Consumer Issues
Topic: How old is your OLDEST motor vehicle?
Replies: 15
Views: 1277
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