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Re: Investment Property

I go by the 10% rule. so a $329k house should get $3,290 in monthly rent. I did own a $330k townhouse and collected $2000 rent for 3 years during 2008 because I couldn't sell it. Sold it in 2011. I think I did well those 3 years but I'm making more money now collecting rent from a multifamily house ...
by bogleblitz
Fri Sep 19, 2014 10:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Investment Property
Replies: 10
Views: 837

Re: When do you have too many credit cards?

Keep them, it helps credit score. Especially the older the card the better it helps the credit score. Cards signed up 20 years ago help credit score meaning you have 20 years of history on that card and no late/defaults = good credits. Signing up a new card reduces credit score because now you have ...
by bogleblitz
Mon Sep 08, 2014 5:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: When do you have too many credit cards?
Replies: 16
Views: 1373

Re: Why does the stock market "always go up"? Will this pers

Thanks for the responses everyone. In this example, excluding inflation, wouldn't a company's stock price stay the same if it was making a profit of 10% a year? My intuition says that perpetual growth isn't sustainable, that eventually, we'd hit a "cap". So I'm still a noob here - what is...
by bogleblitz
Mon Sep 08, 2014 2:16 pm
 
Forum: Investing - Theory, News & General
Topic: Why does the stock market "always go up"? Will this persist?
Replies: 42
Views: 3842

Re: Why does the stock market "always go up"? Will this pers

Think if the entire stock market is made up of 1 company, Mcdonalds. In this imaginary world, you can only eat at home, eat at local own restaurants, or Mcdonalds. So as long as Mcdonalds is able to make a profit of 10% of year, then stock investors also make 10% a year. You can then expand the enti...
by bogleblitz
Mon Sep 08, 2014 2:28 am
 
Forum: Investing - Theory, News & General
Topic: Why does the stock market "always go up"? Will this persist?
Replies: 42
Views: 3842

Re: Six-Figure Incomes—and Facing Financial Ruin [WSJ articl

Great article. What's even better is in the comments section of the article. Sylvia Flores, the person who went backrupted, is responding to alot of comments.
by bogleblitz
Fri Sep 05, 2014 11:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Six-Figure Incomes—and Facing Financial Ruin [WSJ article]
Replies: 59
Views: 9363

Re: Do I need bonds?

Yes, you need bonds.

I'm 37, have a family, and rental properties just like you. I'm more conservative.

As a diversified investor, everyone should own a bit of cash, bonds, real estate, stocks.
by bogleblitz
Wed Sep 03, 2014 1:39 am
 
Forum: Investing - Help with Personal Investments
Topic: Do I need bonds?
Replies: 43
Views: 2757

Re: Did you reveal to your kids...your savings and salary

Nope. Not only do I not reveal it, my wife doesn't know my salary and savings.

My wife has a rough idea but she doesn't care. She knows we have enough and live below our means. I'll teach that to my kids.
by bogleblitz
Tue Sep 02, 2014 8:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Did you reveal to your kids...your savings and salary
Replies: 75
Views: 6894

Re: Cell phone plan on cruise - direct experience?

I went on a cruise twice and didn't even know there was a cell phone plan.

I thought cell phones don't work in the middle of the ocean.

I paid to use their computers but it was super slow and super expensive.
by bogleblitz
Wed Aug 27, 2014 11:12 pm
 
Forum: Personal Consumer Issues
Topic: Cell phone plan on cruise - direct experience?
Replies: 5
Views: 443

Re: Hit a financial milestone at an age milestone

Congrats. I'm only 37 but have a similar estimate milestone as OP.

For the 200k income for my family, roughly

66k taxes
66k spent
66k saved
by bogleblitz
Wed Aug 27, 2014 10:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Hit a financial milestone at an age milestone
Replies: 50
Views: 5084

Re: Want to buy a used Mini Cooper-> Talk me into it?

what I'm looking for is reliability, good gas milage, and low cost of ownership. Talk me into buying a Mini Cooper :P I used to own a mini cooper, great car. I recommend buying it. reliability, mazda 3 or civic is more reliable. good gas milage, Yes it is. so is the mazda 3 or civic. low cost of ow...
by bogleblitz
Wed Aug 20, 2014 7:29 pm
 
Forum: Personal Consumer Issues
Topic: Want to buy a used Mini Cooper-> Talk me into it?
Replies: 25
Views: 1772

Re: How the rich stay/get richer??

Yes this is true.

Then by the 3rd and 4th generation, the grandchildren and great grandchildren will tap the principal and spend it all.
by bogleblitz
Tue Aug 19, 2014 9:49 pm
 
Forum: Investing - Theory, News & General
Topic: [live off dividends?] How the rich stay/get richer??
Replies: 62
Views: 5006

Re: Tracking Credit Score

Credit karma https://www.creditkarma.com gives free credit and monthly monitoring.
by bogleblitz
Thu Jul 31, 2014 6:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tracking Credit Score
Replies: 19
Views: 1217

Re: Anyone here flip houses?

#1 most important: You have to have a passion for it. already mentioned in previous post but if you don't have passion, don't do it!! Me personally, I hate it and was sorta forced into from parents/spouse. I hate fixing walls, ceilings, floors, kitchens, plumbing etc. I hate calling contractors to d...
by bogleblitz
Mon Jul 14, 2014 4:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone here flip houses?
Replies: 40
Views: 4718

Re: How are you doing through the first half of 2014?

75% stock / 25% bond

5.64% YTD according to personalcapital.com
by bogleblitz
Sat Jul 05, 2014 10:59 am
 
Forum: Investing - Theory, News & General
Topic: How are you doing through the first half of 2014?
Replies: 91
Views: 9866

Re: The Millionaire Next Door: Are You One?

Yes, according to the book Milllionaire next door, I'm a PAW (Prodigious Accumulators of Wealth).

I drive a Camry and could afford other cars in cash.
by bogleblitz
Sun Jun 29, 2014 10:08 pm
 
Forum: Personal Consumer Issues
Topic: The Millionaire Next Door: Are You One?
Replies: 187
Views: 23351

Re: YNAB on sale $15

I saw steam so is this a video game?

I just went to steam and see it for $45. did i miss it? Sounds expensive for a budget program.
by bogleblitz
Thu Jun 26, 2014 9:04 pm
 
Forum: Personal Consumer Issues
Topic: YNAB on sale $15
Replies: 8
Views: 1684

Re: Keeping mold out of bath/shower

I think the OP is the owner/landlord. Not a renter.

Is there a bathroom vent fan? I recommend installing an automatic sensing bathroom vent fan. All the newly build apartments in my area has this installed. I think it's pretty cool.
by bogleblitz
Wed Jun 25, 2014 6:54 pm
 
Forum: Personal Consumer Issues
Topic: Keeping mold out of bath/shower
Replies: 32
Views: 3155

Re: Why buy a car with cash?

if it is 0% then it is a good deal. But most of what I see, it is usually high percentage for car loans. The debate is the same as should I pay off my mortgage early. I find both ways a tie. One wins if stock market goes up with car cash money. One loses if stock market goes down during the 3-5 year...
by bogleblitz
Mon Jun 23, 2014 11:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why buy a car with cash?
Replies: 83
Views: 6188

Re: Is it foolish to attempt to time the housing market?

I have the 100k. Are you saying I should buy right now? Yes but now. Housing is high but I think it will keep going up as long as Mortgage rates are 3-4%. I feel that house prices will stablize once mortage reaches 5-6% which doesn't seem like it will happen this or next year. Also look at prices i...
by bogleblitz
Mon Jun 23, 2014 8:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can you time the housing market?
Replies: 21
Views: 1651

Re: Is it foolish to attempt to time the housing market?

I live near boston and make same salary as you. We should be able to afford a 500k house with 20% down payment which is 100k.
Save 100k and buy a house now.
by bogleblitz
Mon Jun 23, 2014 8:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can you time the housing market?
Replies: 21
Views: 1651

Re: Anyone here use Personal Capital?

To fix non ticker symbols by yourself in Personal Capital, I used this method:

https://support.personalcapital.com/hc/ ... /201170020

Then replace with a similar real ticker symbol. I use Vangard TR 2040 VFORX which is similar to my non ticker 2030.
by bogleblitz
Mon Jun 23, 2014 6:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone here use Personal Capital?
Replies: 52
Views: 5621

Re: Anyone here use Personal Capital?

I use it and I use mint.com as well. The first thing I did when I signed up was say "Please don't call me". I never got a call from anyone which was great. The investment part is great compared to mint. So I use Personal Capital for investments only. I use Mint for Banks and credit cards o...
by bogleblitz
Sun Jun 22, 2014 11:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone here use Personal Capital?
Replies: 52
Views: 5621

Re: Cost of car compared to Gross Income

The last thing the median earning household should do with their $51,000 income is buy the median priced $30,000 car after taxes. This is exactly my situation right out of college at 21 years old. My salary was around 48k and I bought a 30k Acura TL. Took a 20k loan, 600 monthly payments. I have no...
by bogleblitz
Sat Jun 21, 2014 12:04 am
 
Forum: Personal Consumer Issues
Topic: Cost of car compared to Gross Income
Replies: 82
Views: 4729

Re: synthetic motor oil?

yes, it is worth it. Use what is recommended my the owner manual.

Synthetic motor oil should be changed between 75,000-150,000 miles.

so it last 2 to 3 times longer than regular oil.
by bogleblitz
Fri Jun 20, 2014 11:55 pm
 
Forum: Personal Consumer Issues
Topic: synthetic motor oil?
Replies: 17
Views: 1230

Re: flipping real estate infomercial work?

I heard these seminars teach about using hard money lenders where you can borrow money regardless of your credit. It is higher interest rate. Anyone ever use hard money lenders? I'm surprise the government or FTC haven't shut down these real estate infomercial. I understand flipping real estate can ...
by bogleblitz
Fri Jun 20, 2014 1:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: flipping real estate infomercial work?
Replies: 20
Views: 1657

flipping real estate infomercial work?

I probably know the answer that it doesn't work. But I seen alot of new flipping informercials show up now at late night. Ones like the hosts from flipping vegas or flip this house. I've seen these real estate informercials from 20 years ago by someone like Carleton Sheets and [some guy - admin Lady...
by bogleblitz
Fri Jun 20, 2014 2:19 am
 
Forum: Personal Finance (Not Investing)
Topic: flipping real estate infomercial work?
Replies: 20
Views: 1657

Re: Personal Life subforum?

I would love a personal life subforum, off topic forum, or any other extra forum. Make it 25 post requirement and 1 month old requirement. other forums usually have a offtopic section. My favorite forum is a videogame forum called neogaf.com. Although I mostly stop playing videogames now, I visit th...
by bogleblitz
Fri Jun 20, 2014 2:05 am
 
Forum: Forum Issues and Administration
Topic: Personal Life subforum?
Replies: 97
Views: 5127

Re: Avoiding Paypal/Ebay Scam

Sell to high rated buyers only. or sell locally only. you can hand deliver it and meet with the ebay buyer. How does one limit sales to only highly rated buyers? You can't limit to high rated buyers only. I let the auction end and if the buyer is low rated, I refuse to sell it. The buyer might comp...
by bogleblitz
Thu Jun 19, 2014 6:56 pm
 
Forum: Personal Consumer Issues
Topic: Avoiding Paypal/Ebay Scam
Replies: 30
Views: 2296

Re: Avoiding Paypal/Ebay Scam

Sell to high rated buyers only.

or sell locally only. you can hand deliver it and meet with the ebay buyer.
by bogleblitz
Wed Jun 18, 2014 5:10 pm
 
Forum: Personal Consumer Issues
Topic: Avoiding Paypal/Ebay Scam
Replies: 30
Views: 2296

Re: To stay a Boglehead, I have to leave Bogleheads.org

I experience the exact same feeling the first half year here. I change my portfolio so many times and got a letter from fidelity 401k saying that I'm banned from trading certain mutual fund for 1 year. I kept visiting this site and kept learning. Eventually I'm no longer swayed by the reits, small c...
by bogleblitz
Wed Jun 18, 2014 1:32 pm
 
Forum: Investing - Theory, News & General
Topic: To stay a Boglehead, I have to leave Bogleheads.org
Replies: 56
Views: 6156

Re: Made the $5 million club, but...

A safe 4% withdraw from 5 million is about $200,000 a year. Do you spend more than $200,000 a year? It is enough if you spend less than $200k a year. Since you are in advertisement, you probably spend more to keep your image. Once you retire, you can spend alot less or move to a cheaper place in new...
by bogleblitz
Mon Jun 16, 2014 7:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Made the $5 million club, but...
Replies: 43
Views: 7174

Re: how to check in on my investments.

vig and vwo can crash and lose 50% just like an individual stock.

The good news is that you don't need to check on them if you plan to invest for the long term. You can buy them, go to sleep for 20 years like Rip Van Winkle, wake up 20 years later and see how much money it has grown.
by bogleblitz
Sat Jun 14, 2014 3:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: how to check in on my investments.
Replies: 10
Views: 784

Re: How can this be legal (employers over-riding employee 40

I see nothing wrong and it is for the good of everyone. I wish I knew more about 401k right after college. I was pretty much 401k illiterate the first 10 years of work. From buying 100% company stocks in 401k, buying just money market funds only, contribute only the minumum, and withdrawing everythi...
by bogleblitz
Sat Jun 14, 2014 3:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: How can this be legal (employers over-riding employee 401k)
Replies: 23
Views: 1787

Re: Any [iPhone] "Apps" you like?

Google Authenticator It creates an additional 6 digit password for gmail that changes every minute. This makes someone trying to steal your gmail account much much harder. Very important especially for people who use online banking, mint, etc.
by bogleblitz
Fri Jun 13, 2014 1:35 am
 
Forum: Personal Consumer Issues
Topic: Any [iPhone] "Apps" you like?
Replies: 50
Views: 4215

Re: The 2 comma paradox

How do you guys get such high ss earnings like 40k per year? I have been a high income earner since 1989 and I will get about 24k per year. He said at 70 years old. The maximum in 2014 at 70 years old is $3,425 https://faq.ssa.gov/ics/support/KBAnswer.asp?questionID=1798 Adjusted for inflation, if ...
by bogleblitz
Tue Jun 10, 2014 9:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: The 2 comma paradox
Replies: 155
Views: 14684

Re: Another two-comma club member

It does feel really good to have made this milestone, but to be honest I don't feel rich; Same, here. I don't feel rich. I don't fell any different than right out of college when I had 20k student loan and 20k car loan. I guess I can buy a BMW or 100k car in cash or bigger house. But I don't need a...
by bogleblitz
Tue Jun 10, 2014 8:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Another two-comma club member
Replies: 30
Views: 3385

Re: should I buy real estate in Boston area? How much to spe

I'm probably a clone of you OP. I'm in tech, make similar salary, live near Boston.

Yes, I recommend buying if you plan to stay in the same location for the next 5 years. You can afford a 500k-600k house.
by bogleblitz
Mon Jun 02, 2014 1:58 am
 
Forum: Personal Finance (Not Investing)
Topic: should I buy real estate in Boston area? How much to spend?
Replies: 31
Views: 2562

Re: Air Voice Wireless initial experience

I would set things back to default settings. It should not take long to reload everything.

I also recommend visiting howard forums for more tips:
http://www.howardforums.com/forumdispla ... 1-Airvoice
by bogleblitz
Sun Jun 01, 2014 2:24 am
 
Forum: Personal Consumer Issues
Topic: Air Voice Wireless initial experience
Replies: 4
Views: 566

Re: Newbie trying to invest for the first time.

I definitely recommend reading atleast 1 book:

http://www.bogleheads.org/wiki/Books:_r ... nd_reviews

Great start so far.
by bogleblitz
Sat May 31, 2014 11:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie trying to invest for the first time.
Replies: 15
Views: 769

Re: Timing with the market at the high?

You did not mention your desire AA (Asset Alocation). Is your 401k 100% in stocks? I'm assuming your 10k is after tax money. If you want to buy bonds. I recommend using the 10k to buy VTSAX (Vanguard total market). Then on that same day in 401k, transfer 10k from equities to bonds. You are therefore...
by bogleblitz
Sat May 31, 2014 4:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Timing with the market at the high?
Replies: 26
Views: 2715

Re: Would you work without pay?

Yes, I would work for free.


But then when I find out my colleagues are being paid 100k+ a year and I get nothing. I probably will quit soon.

If everyone was working for free, I would definitely do it.
by bogleblitz
Fri May 30, 2014 12:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Would you work without pay?
Replies: 63
Views: 4194

Re: TrueCrypt possibly compromised/unsafe to use.

BigFoot48 wrote:I get a newsletter, Windows Secrets, and they recently had an article recommending the compression program 7-Zip as a file and folder encryption tool. http://windowssecrets.com/top-story/bet ... ndows-pcs/


I use 7-zip and encrypt. Free, opensource, easy to use.
by bogleblitz
Thu May 29, 2014 9:00 pm
 
Forum: Personal Consumer Issues
Topic: TrueCrypt possibly compromised/unsafe to use.
Replies: 61
Views: 6085

Re: What's the downside to eliminating REIT?

There is no downside. The 3 fund portfolio that is popular here has no REIT.

KISS. Keep it simple.
by bogleblitz
Tue May 27, 2014 1:58 am
 
Forum: Investing - Help with Personal Investments
Topic: What's the downside to eliminating REIT?
Replies: 10
Views: 1156

Re: My First BH Post - Real Estate Investing Question

A $450,000 property should get atleast $4,500 monthly rent to be a good deal.

Depending on the location, this may or may not be easily attainable. Your deal seems average, not great, not terrible.
If you have property management experience, then you know what you are getting into. Go for it.
by bogleblitz
Tue May 27, 2014 1:53 am
 
Forum: Investing - Help with Personal Investments
Topic: My First BH Post - Real Estate Investing Question
Replies: 12
Views: 1075

Re: Worst "Large purchase" ever?

It wasn't 10k worth. My worst purchase would be an engangement ring bought for 5,000 on a cruise trip.

gambling money would also come in mind but not 10k worth.
by bogleblitz
Sat May 24, 2014 9:35 pm
 
Forum: Personal Consumer Issues
Topic: Worst "Large purchase" ever?
Replies: 110
Views: 11904

Re: Best way to rent a car for 14-16 days

Make sure you rent from a place that lets you drive out of state or out of country depending where you are going. Some only lets you stay within 3 states.
by bogleblitz
Wed May 21, 2014 3:39 pm
 
Forum: Personal Consumer Issues
Topic: Best way to rent a car for 14-16 days
Replies: 14
Views: 1778

Re: Is now a bad time to invest?

I have no idea if now is a good time to invest. I invest for 10+ years.

Buy and hold.

If you have new money and are afraid. Then dca (dollar cost averaging) the money into your desire AA.
by bogleblitz
Tue May 20, 2014 3:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is now a bad time to invest?
Replies: 100
Views: 10040

Re: CNBC - [Among millionaires, 4% are doctors]

"20% of all sick days are on Friday" from a Dilbert comic article, is the first thing I thought of when I read this title.

I'm not surprised at all. Maybe because I already read the book Millionaire next door.
by bogleblitz
Sat May 10, 2014 12:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: CNBC - [Among millionaires, 4% are doctors]
Replies: 100
Views: 11120

Re: What it’s like be 100 years old

Seeing both my grandmothers having amnesia in their 80s and stay in nursing homes. I feel like I don't want to live past 80 years old.
by bogleblitz
Tue May 06, 2014 3:46 pm
 
Forum: Personal Consumer Issues
Topic: What it’s like be 100 years old
Replies: 50
Views: 6097

Re: How to gently offer property to tenants? Advice please

If you have their phone number/email. I'll call them up, text, or email them myself. Renters usually have no money to buy so they are renting. Not sure why you have to sell to the current tenant and you won't get the best price. if you want to sell it, then sell it the normal way through real estate...
by bogleblitz
Mon May 05, 2014 3:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to gently offer property to tenants? Advice please
Replies: 16
Views: 1412
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