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by bigred77
Thu May 28, 2015 9:13 am
Forum: Personal Consumer Issues
Topic: BMW needs new tires
Replies: 16
Views: 1082

Re: BMW needs new tires

just put new tires on a bmw. got rid of the run flats and bought conventional eagle Goodyear. ride improvement tremendous. put two cans of leak seal in trunk with portable inflation machine and plug kit. all bought on amazon. Never realized how harsh the ride was with run flat tires. used tirerack....
by bigred77
Fri May 22, 2015 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Career Advice: Follow "Passion" or Follow the Money?
Replies: 73
Views: 4212

Re: Career Advice: Follow "Passion" or Follow the Money?

LOL 105K not enough Your post is well written, thoughtful. Perhaps explain more to us about your unmet [i]financial needs[i] Please explain what better quality of life is to you? In what way will material things make you less miserable? Why must you wait five years to loosen the belt? On the unmet ...
by bigred77
Thu May 21, 2015 5:19 pm
Forum: Investing - Theory, News & General
Topic: What if the US stock market was only 25% of the world by market cap?
Replies: 37
Views: 2326

Re: What if the US stock market was only 25% of the world by market cap?

I'd be somewhere between 50/50 and market cap weighting. - Did the US Markets completely melt down Japan Style over a multi-year time horizon (maybe a war or something) or did Foreign Markets skyrocket through the roof? Doesn't really have to be either. If the US grows at 2% and ex-US at 6% (in USD...
by bigred77
Thu May 21, 2015 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Article on Drawdowns (the real returns)
Replies: 17
Views: 1104

Re: Article on Drawdowns (the real returns)

I get it... the article is showing that over a cherry picked 15 yr. time frame that included 2 VERY bad Bear markets in this country that an investment that was not dollar cost averaged, and made only in the S&P 500, would have a low, positive, real return. It does indeed demonstrate how volatil...
by bigred77
Thu May 21, 2015 2:14 pm
Forum: Investing - Theory, News & General
Topic: What if the US stock market was only 25% of the world by market cap?
Replies: 37
Views: 2326

Re: What if the US stock market was only 25% of the world by market cap?

Excellent Question... - Did the US Markets completely melt down Japan Style over a multi-year time horizon (maybe a war or something) or did Foreign Markets skyrocket through the roof? I think regardless I probably wouldn't move past 50/50. I would still be expecting some reversion to the mean unles...
by bigred77
Thu May 21, 2015 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Invest in Mutual Funds or Pay off house?
Replies: 7
Views: 491

Re: Invest in Mutual Funds or Pay off house?

5k to the mortgage
5k to mutual funds
2k vacation each and every month
by bigred77
Thu May 21, 2015 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Friends/Family that don't invest!
Replies: 87
Views: 8595

Re: Friends/Family that don't invest!

I used to be very frustrated because I had all this new knowledge and insight about personal finance and investing, which I was very excited to discuss, and no one in my extended family was capable/willing to have a discussion. My Dad has a paid off place to live but told me he refuses to ever inves...
by bigred77
Thu May 14, 2015 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment ? - How would you pay it back?
Replies: 14
Views: 1381

Re: Student Loan Repayment ? - How would you pay it back?

What's your income look like? I may be tempted to pay off the 15k loan first and then line them up and knock them down by interest rates. Where are you getting these unique financial products??? Loan that drops to < 1% after 4 years, loan 2 looks like it has a maximum monthly payment (prepayment pen...
by bigred77
Thu May 14, 2015 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Please help me pick the right priced/location condo!
Replies: 7
Views: 625

Re: Please help me pick the right priced/location condo!

I think you can afford Condo 2 and it seems like it would be a good fit for you. You might not be able to save 35% of your income anymore but owning a place you actually WANT to live in and saving 25-30% of your income, especially with an already largish stash of assets relative to your income/age, ...
by bigred77
Thu May 14, 2015 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Share the life lessons that you learned in your 30's.
Replies: 27
Views: 2665

Re: Share the life lessons that you learned in your 30's.

I learned that "they" don't let you make any "real money" until you're forty. Who are "they"? I learned that "they" don't let you make any "real money" until you're forty. Preach On... I'm curious about the definition of "real money" becau...
by bigred77
Wed May 13, 2015 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Share the life lessons that you learned in your 30's.
Replies: 27
Views: 2665

Re: Share the life lessons that you learned in your 30's.

Crimsontide wrote:I learned that "they" don't let you make any "real money" until you're forty.


Preach On...
by bigred77
Wed May 13, 2015 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone went to top 10 business school? Got a 730 on GMAT. Thoughts?
Replies: 20
Views: 2907

Re: Anyone went to top 10 business school? Got a 730 on GMAT. Thoughts?

3.7 GPA and 730 GMAT with 2 years WE and 2 years left to build your B school application is an excellent base to start from. Look around now to find out what Admissions people like to see, how to "craft your story", and what the time frames are for applying. Focus the next 2 years on doing...
by bigred77
Wed May 13, 2015 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone went to top 10 business school? Got a 730 on GMAT. Thoughts?
Replies: 20
Views: 2907

Re: Anyone went to top 10 business school? Got a 730 on GMAT. Thoughts?

Congrats on that GMAT score. What was your undergrad GPA and what are your career goals? I think you can be competitive for a top B-school if that's what you want (the term "M7" is commonly used to refer to the top 7 super-elite programs). If your interested in anything high finance or big...
by bigred77
Wed May 13, 2015 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Refinance now or Wait for rate adjustment
Replies: 12
Views: 927

Re: Refinance now or Wait for rate adjustment

A 2% jump would cost you an increase of 700 bucks in interest for the entire year (tax deductible).

Your on track to pay this off soon enough. I wouldn't refinance and wouldn't worry about it.
by bigred77
Wed May 13, 2015 10:41 am
Forum: Personal Consumer Issues
Topic: Brand Loyalty
Replies: 60
Views: 3984

Re: Brand Loyalty

- Viva paper towels
- Ralph Lauren Slacks
- Stafford Dress Shirts
- Gold Toe Socks
- Lagavulin and Johnny Walker (depending on if I want "good" or "usual" whiskey)
- Nike athletic shoes

Everything else I try to buy based on quality / price = value.
by bigred77
Tue May 12, 2015 4:16 pm
Forum: Personal Consumer Issues
Topic: How much can I spend on a car?
Replies: 157
Views: 8660

Re: How much can I spend on a car?

Sounds like OP would like to drive a "cooler" car than a Toyota or Honda. No problem there, I don't blame him. Go get a 2010 BMW 328i with about 60k miles on it. Aim to spend no more than 15k-16k. Pay cash. 1.) Its a cool car and a blast to drive. 2.) You avoid taking the bulk of the depre...
by bigred77
Tue May 12, 2015 10:56 am
Forum: Personal Consumer Issues
Topic: How to suggest downsizing to Parent
Replies: 23
Views: 2504

Re: How to suggest downsizing to Parent

I can't be the first person trying to suggest that my mom downsize to a condo. What has/has not worked for you? My mom's 3br/2 bath house is too big for her to manage. She can't financially keep up with indoor or outdoor maintenance. She's not dead set against a condo, we've talked in broad terms b...
by bigred77
Tue May 12, 2015 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Finally getting serious about it (33 years old)
Replies: 14
Views: 1902

Re: Finally getting serious about it (33 years old)

Hello all, Not sure where to go from here. We're married both 33, no kids (yet) and need to buckle down and have some direction on where to go. A quick blub about us, graduated into a down economy in 2003, never made much money, first year out of school I made $12k she made $18k (combined annual pa...
by bigred77
Mon May 11, 2015 8:32 am
Forum: Investing - Theory, News & General
Topic: International - Who really is at 40%
Replies: 93
Views: 6684

Re: International - Who really is at 40%

46% of my equities are International.

35% of my whole portfolio is International Equities.

I overweight REITs, Small Cap, and EM on the International Side as well.
by bigred77
Thu May 07, 2015 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: Budget allocation between LARGE student loan burden and Retirement_Updated details
Replies: 31
Views: 2752

Re: Budget allocation between LARGE student loan burden and Retirement_Updated details

My final question is re mortgage refinancing: Has anyone used PenFed? I take online reviews w a grain of salt but theirs are quite poor that it makes me nervous about losing money going through the appraisal process then failing to get approved. Best, RKO I just closed a refinance with PenFed. I wa...
by bigred77
Wed May 06, 2015 11:01 am
Forum: Investing - Theory, News & General
Topic: Gross: stockbug alert, future investment returns will be miniscule
Replies: 67
Views: 5556

Re: Gross: stockbug alert, future investment returns will be miniscule

This thread is one of the more depressing ones I've seen on bogleheads. All I know is that by saving a high percentage of my income and investing in a diversified portfolio of index funds I stand a very high chance of having more purchasing power in retirement than my peers. If nobody has any money,...
by bigred77
Wed May 06, 2015 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Private Student Loan Settlement (in CA)
Replies: 5
Views: 547

Re: Private Student Loan Settlement (in CA)

Negotiate the Lump Sum down as far as you can.

Pay in full with a certified check.

Ask for written documentation that the debt is paid in full.
by bigred77
Thu Apr 30, 2015 10:32 am
Forum: Investing - Theory, News & General
Topic: US stocks returned "just 0.6%" 1915-1982
Replies: 56
Views: 5674

Re: US stocks returned "just 0.6%" 1915-1984

Excluding dividends and capital gains, the stock market hardly returns anything. But seriously, does he think that the long term shift from dividends to buybacks is a bad omen or something? Is Warren Buffet's company a Ponzi scheme because it doesn't pay dividends? To a first approximation under sa...
by bigred77
Mon Apr 27, 2015 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Help getting rid of debt
Replies: 56
Views: 3385

Re: Help getting rid of debt

DSInvestor wrote:Can you qualify for any subsidy for the medical insurance?


I would start here. Go to the ACA website and see what you and your wife qualify for. I think 9k in Medical Ins Premiums on your household income is more than you will end up paying if you enroll through the website.
by bigred77
Fri Apr 24, 2015 11:38 am
Forum: Personal Consumer Issues
Topic: Who still have Cable TV?
Replies: 63
Views: 3095

Re: Who still have Cable TV?

The cable companies hire some pretty smart people. I don't like how much I pay for cable (about 200 bucks for the premium package with cable, internet, landline). I've looked into downgrading my package. I need the premium sports package for NFL RedZone, NFL network, and BIG10/SEC networks. I need H...
by bigred77
Thu Apr 23, 2015 3:10 pm
Forum: Investing - Theory, News & General
Topic: What is a Boglehead?
Replies: 55
Views: 2958

Re: What is a Boglehead?

Used Camry Enthusiasts
by bigred77
Wed Apr 22, 2015 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: $6 billion of 401(k) loan defaults each year
Replies: 9
Views: 1721

Re: $6 billion of 401(k) loan defaults each year

That's negative news that such a high number of people are defaulting like that. 401k loans aren't inherently bad though. Bigred77 the borrower can access a loan up to 50k, paid back anywhere from 1 - 4 years, with a 4.25 interest rate, minimal fees, no prepayment penalty, and can usually get the mo...
by bigred77
Tue Apr 21, 2015 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you pay in Property Taxes?
Replies: 188
Views: 11109

Re: How much do you pay in Property Taxes?

Property : 3/3.5, 3250 sq ft. Tiny Lot in the city.
Value: a little over 600k.
Prop Tax: Around 11k

No state Income Tax.
by bigred77
Tue Apr 21, 2015 9:51 am
Forum: Investing - Help with Personal Investments
Topic: Semi forced retirement - SPIA ?
Replies: 26
Views: 1384

Re: Semi forced retirement - SPIA ?

I for one really like SPIAs as a tool to utilize in retirement but you are just too young for that right now in my opinion. You basically have a 3% or less withdrawal rate (depending on taxes, which should be minimal) on a 2 million dollar portfolio with SS waiting for you down the line. It sounds l...
by bigred77
Mon Apr 20, 2015 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: 30 y/o looking for proper asset allocation
Replies: 15
Views: 1491

Re: 30 y/o looking for proper asset allocation

Thanks for the prompt reply. Oh I was referring to all 3 accounts. I'm thinking of a different allocation to each? Do you have 1 set portfolio and just use the tax shelters based on the tax liability of each asset class? Never thought about that one...Thanks for the link, that's very helpful. Yeah ...
by bigred77
Mon Apr 20, 2015 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: What's your average monthly expense???
Replies: 85
Views: 8326

Re: What's your average monthly expense???

Rent/mortgage, insurance, rental insurance, etc: $3750 (PITI + HOA fees) Phone + Internet: 360 (cable, internet, home phone, plus cell phones for my wife and I plus my mom) Electricity + gas, water: about 200 on average Auto Payment: 0 Auto Insurance: about 100 Gas: 350 Grocery: 1000 Foods (eating ...
by bigred77
Mon Apr 20, 2015 11:41 am
Forum: Investing - Help with Personal Investments
Topic: Newly Married - Both 28 - NYC residents - How are we doing?
Replies: 26
Views: 2704

Re: Newly Married - Both 28 - NYC residents - How are we doi

I think you are doing very well for your age. I do not think you are over saving for retirement. I would consider skipping buying the apartment, continuing to rent and save money, and maybe buy the house you eventually want sooner than 10 years. If you do that I would take cash from your pile earnin...
by bigred77
Mon Apr 20, 2015 8:21 am
Forum: Investing - Theory, News & General
Topic: What Guaranteed Return Would You Require to Move All Assets
Replies: 54
Views: 3412

Re: What Guaranteed Return Would You Require to Move All Ass

I've thought about this in terms of what would interest rates have to be for me to move a majority of my current assets into long term STRIPS and hold till maturity. I would never be able to do what was being described in the OP for a nominal rate. If 30 yr. yields reached 10+%, I would move all of ...
by bigred77
Fri Apr 17, 2015 10:29 am
Forum: Personal Finance (Not Investing)
Topic: [Financial] Tips for Post-College Lifestyle
Replies: 53
Views: 2973

Re: Tips for Post-College Lifestyle

OP is going to be the first consulting firm partner who still lives at home with mom and dad!! I kid, I kid. I think the OP should save a large percentage of his income, max out all tax deferred space, and then enjoy his 20s a little bit. It's pretty likely your goals will change. It would be a VERY...
by bigred77
Fri Apr 17, 2015 10:09 am
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 146
Views: 15481

Re: Bernstein: "If you've won the game, stop playing."

I plan to utilize SPIA's when in retirement with a portion of my assets. I think that's prudent when one does not have a traditional pension. I would like my AA in retirement to stay somewhere around 60/40 for my non-annuitized assets. In especially good years, I plan to consider skimming some off t...
by bigred77
Fri Apr 17, 2015 8:27 am
Forum: Personal Finance (Not Investing)
Topic: [Financial] Tips for Post-College Lifestyle
Replies: 53
Views: 2973

Re: Tips for Post-College Lifestyle

livesoft wrote:Sign up for Tinder if you haven't already.


+

preciseman wrote:
JDDS wrote:Where are you going to be living? e..g with parents, with roommates, etc.


Parents! Moving in to the old place :).


=

:annoyed :annoyed :annoyed
by bigred77
Tue Apr 14, 2015 11:15 am
Forum: Investing - Help with Personal Investments
Topic: Massive student debt @ 6.8%
Replies: 62
Views: 6432

Re: Massive student debt @ 6.8%

Hello, I recently got married and together my wife and I have ~$180,000 in debt at mostly 6.8% interest rate. My loans are currently deferred and I'm working for AmeriCorps who should pay off the interest from this year. We pay $660/month toward my wife's loans. I have a small income and likely wil...
by bigred77
Tue Apr 14, 2015 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Does your family know about your net worth (ball park)?
Replies: 98
Views: 11571

Re: Does your family know about your net worth (ball park)?

From looking at the recent annual income poll result, I think most BHs are already millionaires or will become one. Q1. Does your family (parents, siblings) know about your net worth (ball park figure)? No. Everyone knows we're doing well for ourselves. Everyone thinks of me as the "financial ...
by bigred77
Tue Apr 14, 2015 9:19 am
Forum: Personal Finance (Not Investing)
Topic: I... must... stop... Spending!
Replies: 25
Views: 3866

Re: I... must... stop... Spending!

sunny_socal, I do the same thing. I have found every way possible under the sun to justify too. I also need to stop doing this. If your borrowing cost is zero and your bonus compensation is secure, I don't see it as the WORST thing in the world. If you're borrowing costs are > 0 and a bonus failing ...
by bigred77
Mon Apr 13, 2015 1:54 pm
Forum: Personal Consumer Issues
Topic: Input wanted from BMW owners
Replies: 44
Views: 4498

Re: Input wanted from BMW owners

My wife and I drive an 07 x3 and an 08 328i. I bought them just off of warranty for tremendous prices. I knew they would be expensive to maintain. I figured that into my decision. it still really hurts to write the check when something needs to be done. We've paid about 1,500 - 2,000 each year for c...
by bigred77
Mon Apr 13, 2015 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Downpayment on a house
Replies: 5
Views: 599

Re: Downpayment on a house

It's hard to give specific advice without knowing the specific in's and out's of your tax situation but I think it would be prudent to strongly consider selling off company stock and options. I would start now divesting your options up to filling your current marginal tax bracket. You're going to ha...
by bigred77
Mon Apr 13, 2015 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Is there a "filling the trough" strategy?
Replies: 12
Views: 1913

Re: Is there a "filling the trough" strategy?

There's nothing wrong with having a higher withdrawal rate earlier in retirement to finance putting off SS payments (or spending more earlier while your healthy and active) but I would strongly consider a more conservative AA than I normally would if I was going to do this. I think the higher WR wil...
by bigred77
Mon Apr 13, 2015 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Downpayment on a house
Replies: 5
Views: 599

Re: downpayment

You seem to have an awful lot of exposure to your employer via company stock and options. I would try to start diversifying away from that if possible (depending on your tax situation). What is the basis on your company stock? What marginal tax bracket are you in? I assume your stock options will be...
by bigred77
Fri Apr 10, 2015 11:00 am
Forum: Investing - Theory, News & General
Topic: Vanguard: One Third of 401k Participants Not Maxing Match
Replies: 13
Views: 1651

Re: Vanguard: One Third of 401k Participants Not Maxing Mat

That's one thing that would make it tough to leave the industry -- not that I'm looking to do so. Our match was 20% before the acquisition. The new plan is a bit more convoluted (three sub plans with some differences in how the company matches/contributes) so I'm having difficulty understanding the...
by bigred77
Fri Apr 10, 2015 10:34 am
Forum: Investing - Help with Personal Investments
Topic: New guy with another student loan/investing situation
Replies: 11
Views: 545

Re: New guy with another student loan/investing situation

Geez, this is tough... I feel like you are right on the border of trying to utilize PAYE to your benefit or just throw money at this thing. I think if your aspirations are to go into something high paying or can see yourself making six figures in the next 5 years or so, I would throw 120k at this an...
by bigred77
Fri Apr 10, 2015 9:33 am
Forum: Investing - Help with Personal Investments
Topic: New guy with another student loan/investing situation
Replies: 11
Views: 545

Re: New guy with another student loan/investing situation

What is your starting income going to be? What field are you in or more specifically what can you expect your income to rise too and how fast? Are you really planning on carrying around 200k of non-dischargeable debt until your near 50 while hoping the law governing loan forgiveness doesn't change? ...
by bigred77
Thu Apr 09, 2015 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA Question
Replies: 6
Views: 484

Re: Backdoor Roth IRA Question

See if your 401k will allow you to roll over the traditional IRA balance into it. Most plans will allow this. Then you can do backdoor Roth conversion's with no tax penalty
by bigred77
Thu Apr 09, 2015 1:16 pm
Forum: Investing - Theory, News & General
Topic: The $1 Million Goal: Source of Motivation or Discouragement?
Replies: 172
Views: 16436

Re: The $1 Million Goal: Source of Motivation or Discouragem

Person A graduates from college with a degree in Business Administration at age 23 with zero debt through a combination of scholarships and her parent's wisely saving money for her in a 529. Her uncle is a partial owner at a local business and gets A an entry-level position at that company paying $...
by bigred77
Thu Apr 09, 2015 8:48 am
Forum: Personal Consumer Issues
Topic: Poll: What is the credit limit of your credit card?
Replies: 56
Views: 3680

Re: Poll: What is the credit limit of your credit card?

I had to fight tooth and nail to get a credit limit over 2500 dollars. I started working in 2008 and credit was TIGHT. I had to pay for a hotel stay on a business trip over 3 different credit cards! Now I finally have one card with a 20k limit and a couple others around 10k-15k. For some reason they...
by bigred77
Wed Apr 08, 2015 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Am I justified in being angry with executor?
Replies: 22
Views: 3459

Re: Am I justified in being angry with executor?

I deal with estates containing real property on a daily basis and I can tell you it can take FOREVER... If there are multiple states involved, that can complicate things. If there is any financing on the properties, that can take forever. If there was once financing on the property and the liens wer...

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