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Re: But why not 100% stock index fund?

I'm 100% equities and I have been for about a decade now. My answer is that you don't know how you'll react until a big downturn happens. I always assumed that I could stomach the Great Recession bust in equities but I didn't know that for certain until it happened. There seem to be a high number of...
by danwhite77
Tue Jul 15, 2014 10:24 am
 
Forum: Investing - Theory, News & General
Topic: But why not 100% stock index fund?
Replies: 76
Views: 6962

Re: Kitchen Remodel - Appliance Brand/Model Recommendations

We recently bought a Kitchenaid refrigerator and it makes an obnoxious intermittent grinding noise. After multiple rounds with service techs and Kitchenaid's "customer support" we were told tough luck. I would recommend staying away from Kitchenaid refrigerators because ours, at least, has...
by danwhite77
Fri Jul 04, 2014 2:27 pm
 
Forum: Personal Consumer Issues
Topic: Kitchen Remodel - Appliance Brand/Model Recommendations
Replies: 47
Views: 3052

Re: Geico? No, thank you...

We've had Geico for many years and we love it. However, we're very safe drivers without any significant risk factors (e.g., accidents, tickets, etc.). YMMV.
by danwhite77
Sat Jun 14, 2014 4:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Geico? No, thank you...
Replies: 49
Views: 5047

Re: Help with smoky condo sought

We moved into a condo that reeks of cigarette smoke. Airing it out this spring has helped temporarily, but the smell returns once windows are closed. The condo does appear to have been painted and cleaned before we moved in. There is a lot of wall-to-wall carpeting that looks fairly clean but may b...
by danwhite77
Sat Jun 14, 2014 10:05 am
 
Forum: Personal Consumer Issues
Topic: Help with smoky condo sought
Replies: 15
Views: 1463

Re: Engagement Ring - Diamond Help

If you want a good deal you can go with bluenile.com.. You'll probably get the most bang for you buck. +1 for Blue Nile. I bought my wife's engagement ring from them a long time ago (11 years - a long time for an etailer anyway). Best price and, as an added bonus, you don't have deal with shady jew...
by danwhite77
Fri Jun 13, 2014 11:34 am
 
Forum: Personal Consumer Issues
Topic: Engagement Ring - Diamond Help
Replies: 57
Views: 3084

Re: Am I A Moron

I keep an emergency fund slightly larger than what you've referenced at all times. I think anyone calling you a moron for having done so is showing their financial naivete. Just put the cash in the highest yield bank account you can find that's FDIC insured. Naturally, there's some great advice on a...
by danwhite77
Fri Jun 06, 2014 11:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Am I A Moron [savings account as an asset class]
Replies: 47
Views: 2763

Re: Pay off huge student loan vs Investing

Brand-new to this board and to trying to get out of debt in general. Everything I have read online so far directs me here, so here is my initial go: New job in new location has tripled income to a point where investing/taxes have to be a priority for my family (married/4 kids). Up to this point we ...
by danwhite77
Wed May 28, 2014 3:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay off huge student loan vs Investing
Replies: 46
Views: 2992

Re: in-laws/student loans

I'm agnostic on this boyfriend discussion, to me at the end of the day you should NOT cosign for any further loans regardless of her relationship status. If you want to help out with payments later -- at your sole discretion -- great, go ahead and do that. By cosigning a loan, you are every bit as l...
by danwhite77
Wed May 28, 2014 2:17 pm
 
Forum: Personal Consumer Issues
Topic: in-laws/student loans
Replies: 57
Views: 2482

Re: Replace Gas Guzzler with Toyota Prius Lease?

My initial thought is the benefit you're trying to achieve with a Prius is the increased MPG (and corresponding decrease in fuel expense) as compared to the "gas guzzler." You mention that you're not worried about mileage caps and overage costs. Why not? The mileage caps and overage costs ...
by danwhite77
Fri May 16, 2014 10:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Replace Gas Guzzler with Toyota Prius Lease?
Replies: 24
Views: 1824

Re: Did you tell anyone you paid off your mortgage?

My situation is a somewhat unique so I thought I'd add my story. As with many commenters here I have not told anyone absent specific questions such as "What did you do for your mortgage?" or something similar. I don't want to lie, so I'm truthful, but I don't volunteer the information exce...
by danwhite77
Wed Apr 30, 2014 3:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 158
Views: 12216

Re: Capital One 360 (Online Checking Acct)

I used to have a Cap One banking account for many years but switched over to Ally. I actually didn't switch to Ally for the higher interest rates, I switched out of frustration because I felt as though whichever Cap One banking product I used never had the highest rate. Seemingly, Cap One would adve...
by danwhite77
Tue Apr 29, 2014 10:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 (Online Checking Acct)
Replies: 19
Views: 2529

Re: Why Utah 529 instead of Vanguard 529?

I use the Vanguard (Nevada) plan. As someone else mentioned, 529s are constantly changing, mostly in positive ways. Utah used to have the lowest expense ratios by far while Nevada had somewhat higher ratios, particularly in the age-based options. That was not Vanguard's fault. The way these plans wo...
by danwhite77
Wed Apr 23, 2014 3:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why Utah 529 instead of Vanguard 529?
Replies: 33
Views: 3172

Re: Does Asset Allocation beat the S&P 500?

I think this is a big issue. It may be easy to tolerate a 50% loss when you have $50k in assets and just building your wealth. It's another thing to loose 50% of $1 or $2 Million. I did not get this until my net worth started increasing. That's a very good point. I discussed this very aspect of a p...
by danwhite77
Tue Apr 22, 2014 7:18 pm
 
Forum: Investing - Theory, News & General
Topic: Does Asset Allocation beat the S&P 500?
Replies: 75
Views: 6283

Re: Does Asset Allocation beat the S&P 500?

Have you at any point during this recovery introduced fixed income to your allocation? Do you plan to navigate the next bear market in 100% equities? No, I haven't changed my allocation. I plan on staying 100% in equities for the foreseeable future. I just adjust my IPS to the current market. That ...
by danwhite77
Tue Apr 22, 2014 3:34 pm
 
Forum: Investing - Theory, News & General
Topic: Does Asset Allocation beat the S&P 500?
Replies: 75
Views: 6283

Re: Does Asset Allocation beat the S&P 500?

I've been 100% equities for about a decade now. I would warn anyone considering using such an asset allocation now that it's not for the faint of heart. For this type of asset allocation to work, you have to be able to watch your account balance dive by 50% or more and not sell. That's easier said t...
by danwhite77
Tue Apr 22, 2014 2:35 pm
 
Forum: Investing - Theory, News & General
Topic: Does Asset Allocation beat the S&P 500?
Replies: 75
Views: 6283

Re: Forced job responsibility putting me in a panic

If you are fearful of public speaking, join your local Toastmasters chapter. Toastmasters is a non-profit organization dedicated to helping people overcome their fear of public speaking and making people better speakers. The meetings involve as much or as little public speaking as you want (I recomm...
by danwhite77
Tue Apr 22, 2014 11:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Forced job responsibility putting me in a panic
Replies: 32
Views: 2717

Re: New Baby Girl - What Can/Should We Do?

1. Should we open a 529 plan in Missouri (where we live), New York (where my folks live and to where we may relocate in the next year or two), or Utah? 2. With how much money should we fund the 529 right now? The only near-term expense for which I could see needing to tap our taxable Vanguard inves...
by danwhite77
Mon Apr 21, 2014 10:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Baby Girl - What Can/Should We Do?
Replies: 49
Views: 4707

Re: *poor* Bogleheads

If you make $50K/year, there isn't much to say - LBYM, max out your Roth, get the employer match at work, etc. What are you hanging out here for anyway? Head on over to http://www.reddit.com/r/frugal or similar. Hey, my ETR was 21% for 2013 (TurboTax number) but I'm subbed to /r/frugal. The LBYM ad...
by danwhite77
Fri Apr 18, 2014 12:53 pm
 
Forum: Forum Issues and Administration
Topic: *poor* Bogleheads
Replies: 78
Views: 12880

Re: IL 529 question

1) Would it make sense for me to use the IL 529 or another state plan such as Utah which I have heard is a good plan also? 2) If I use the IL 529 plan do my kids need to attend an IL college or am I able to use that plan for any college in the US? 3) If I move to another state do I transfer the 529...
by danwhite77
Sun Apr 13, 2014 11:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: IL 529 question
Replies: 4
Views: 411

Re: Stock markets in free fall?

I think that equities are safer than bonds over longer periods (about 12 years and up) ... How do you define "safe" or "safer"? My guess is that he's talking about the risk of inflation. Buffett, when discussing the performance of bonds relative to stocks, has described bonds al...
by danwhite77
Sat Apr 12, 2014 4:06 pm
 
Forum: Investing - Theory, News & General
Topic: Stock markets in free fall?
Replies: 92
Views: 7264

Re: Expensive hobbies and possessions? (B/c you can...)

Skiing. For a family of six.
by danwhite77
Thu Apr 10, 2014 11:34 pm
 
Forum: Personal Consumer Issues
Topic: Expensive hobbies and possessions? (B/c you can...)
Replies: 126
Views: 12975

Re: Getting over huge mistakes

Be careful, if you measure your finances against the people that populate a forum dedicated to finance you will always be depressed. There's always a bigger fish. We recently had a person ask about how to manage an eight digit windfall (I assume a FB employee). Don't beat yourself up; I think that o...
by danwhite77
Thu Apr 10, 2014 11:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Getting over huge mistakes
Replies: 30
Views: 3740

Re: Mortgage Loans and Retirement

We had a thread on this recently, try a few forum searches. As I recall the short answer is that you should not mention retirement when seeking a mortgage because regardless of assets, banks are skittish about lending to anyone without a job. As for whether or not you should carry a mortgage into re...
by danwhite77
Thu Apr 03, 2014 9:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage Loans and Retirement
Replies: 6
Views: 1184

Re: best vacuum cleaner

Our Riccar is incredible and virtually indestructible. They're expensive but worth every penny.
by danwhite77
Wed Apr 02, 2014 2:33 am
 
Forum: Personal Consumer Issues
Topic: best vacuum cleaner
Replies: 23
Views: 1871

Re: Dream Home Construction/Purchase: Need Mortgage Advice

Boy it's complicated. Two years ago I was in your situation with comparable income to (potential) debt posture. I decided not to to go in at the percentages that you (we) are describing. I went low on the house, much lower, as in 50% lower. Would I do it again? I'm not sure. I think I would try to f...
by danwhite77
Fri Mar 28, 2014 8:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Dream Home Construction/Purchase: Need Mortgage Advice
Replies: 20
Views: 1718

Re: Load-Waived A-Share Funds Better Than Indexing?

Again though, most of the comparisons that praise the virtues of index investing are comparing performance against active funds THAT HAVE LOADS (which are hurting their performance). Is there nobody who would consider an active fund if they didn't have to pay load for an A-share? I think part of th...
by danwhite77
Tue Mar 25, 2014 10:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Load-Waived A-Share Funds Better Than Indexing?
Replies: 30
Views: 1485

Re: Thoughts On Pre-Paid College Plans

If you're in Illinois you need to read the fine print very carefully. The program is not backed by the "full faith and credit" of the state (such as it is). The treasurer has basically characterized the entire plan as a giant state-run ponzi scheme. We know how those end.
by danwhite77
Thu Mar 20, 2014 10:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Thoughts On Pre-Paid College Plans
Replies: 28
Views: 2068

Re: Leaving Fidelity

Welcome home! :D
by danwhite77
Wed Mar 19, 2014 11:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Leaving Fidelity
Replies: 35
Views: 3305

Re: Single Income Family with 4 Children (so far)

Good advice on term life insurance and disability. The insurance proceeds are tax free and that's something else to consider. I'm going to touch on another aspect of your post. I am part of a somewhat of small group of persons with three kids (ages 21 to 9). As a parent of FOUR children, you are an...
by danwhite77
Tue Mar 18, 2014 7:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Single Income Family with 4 Children (so far)
Replies: 69
Views: 5241

Re: 28 year old with student loan needs help

This question comes up very often. I just posted this on another thread:

Short answer is that there's no consensus on this subject. Below is a link to the wiki that's very useful in thinking about the question:

http://www.bogleheads.org/wiki/Paying_d ... _investing
by danwhite77
Tue Mar 18, 2014 3:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: 28 year old with student loan needs help
Replies: 14
Views: 1001

Re: Opinion - balance between school loans and saving

Short answer is that there's no consensus on this subject. Below is a link to the wiki that's very useful in thinking about the question:

http://www.bogleheads.org/wiki/Paying_d ... _investing
by danwhite77
Tue Mar 18, 2014 2:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Opinion - balance between school loans and saving
Replies: 14
Views: 743

Re: Single Income Family with 4 Children (so far)

I am a dad of, and sole breadwinner for, four kids (DW stays at home). Great job keeping debt in line! I agree with the poster recommending increased retirement savings. Strike a balance where you're comfortable both saving for retirement and refinancing the debt you won't pay in the near term to th...
by danwhite77
Mon Mar 17, 2014 10:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Single Income Family with 4 Children (so far)
Replies: 69
Views: 5241

Re: Current Carry Cost of my home

I would simply advise you not to torture yourself about this. As long as you're living below your means, don't sweat the numbers because you can drive yourself nuts in relatively short order.
by danwhite77
Mon Mar 17, 2014 4:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Current Carry Cost of my home
Replies: 23
Views: 1523

Re: Improving Credit Score by Timing Credit Card Payments

You should read this post, it's an extraordinarily informative breakdown of how the FICO is calculated:

http://www.reddit.com/r/personalfinance ... e_numbers/
by danwhite77
Thu Mar 13, 2014 3:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Improving Credit Score by Timing Credit Card Payments
Replies: 17
Views: 1073

Re: best cash back credit card

For those using the Capital One cards, are you getting high credit limits? I've heard that they are quite stingy with credit lines compared to some other issuers. Are you getting credit lines of $10,000 or more? We opened ours last August. They gave us a credit limit of $10K (much less than our oth...
by danwhite77
Thu Mar 13, 2014 2:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: best cash back credit card
Replies: 185
Views: 26163

Re: Marvin vs. Andersen Windows: The Eternal Struggle

I have heard the same comparison, its like buying a DSLR. I was going to say go support the local economy and see which one is headquartered closer to you. Apparently both are in Minnesota. That's correct, and from what I'm told by some of the sales reps they even source their glass from the same s...
by danwhite77
Thu Mar 13, 2014 10:16 am
 
Forum: Personal Consumer Issues
Topic: Marvin vs. Andersen Windows: The Eternal Struggle
Replies: 27
Views: 2125

Re: Marvin vs. Andersen Windows: The Eternal Struggle

Thanks, everyone for your thoughts. I view the Andersen v. Marvin competition as a great win for consumers. It's like buying a DSLR. Whether you buy from Canon or Nikon (and of course each has an army of proponents), you really can't go wrong - both products are fantastic. And also, all of your poin...
by danwhite77
Thu Mar 13, 2014 9:54 am
 
Forum: Personal Consumer Issues
Topic: Marvin vs. Andersen Windows: The Eternal Struggle
Replies: 27
Views: 2125

Re: Marvin vs. Andersen Windows: The Eternal Struggle

Years ago I made an appointment with a company for an estimate for something, I forget what at this point, maybe floor covering, and two minutes later the salesman called back and said his boss required that "my husband" be there or he could not do an estimate. I was and am a single woman...
by danwhite77
Thu Mar 13, 2014 9:50 am
 
Forum: Personal Consumer Issues
Topic: Marvin vs. Andersen Windows: The Eternal Struggle
Replies: 27
Views: 2125

Re: Marvin vs. Andersen Windows: The Eternal Struggle

How many windows are you having replaced and what kind of windows are you replacing? 24 total and the current windows are builders grade 1967 originals. We're doing "new construction" windows - i.e., everything is coming out not just the glass panes. Edited to add that they're double hung...
by danwhite77
Wed Mar 12, 2014 11:22 pm
 
Forum: Personal Consumer Issues
Topic: Marvin vs. Andersen Windows: The Eternal Struggle
Replies: 27
Views: 2125

Marvin vs. Andersen Windows: The Eternal Struggle

Among many home improvement projects, I am determining which brand of window to use to replace approximately two dozen windows in our house. Based on countless google searches, including Bogleheads forum searches, and wading through dozens or hundreds of blog posts and comments (no doubt more than h...
by danwhite77
Wed Mar 12, 2014 11:06 pm
 
Forum: Personal Consumer Issues
Topic: Marvin vs. Andersen Windows: The Eternal Struggle
Replies: 27
Views: 2125

Re: Paying $1,000/yr to Vanguard ! Please Help Me

Why ? I look forward to the day I, too, pay $1000/yr to Vanguard! :greedy Because that will mean he has a very large portfolio with the company. If you're paying $1,000/yr to Vanguard, most people in this country would consider you rich. I hope to one day pay Vanguard $10,000/yr! It will be money v...
by danwhite77
Wed Mar 12, 2014 11:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Paying $1,000/yr to Vanguard ! Please Help Me
Replies: 40
Views: 7035

Re: peak oil dead?

Locked.

Oh, wait, I don't have that power!
by danwhite77
Tue Mar 11, 2014 10:10 pm
 
Forum: Investing - Theory, News & General
Topic: peak oil dead?
Replies: 5
Views: 586

Re: Invest in taxable opposite weeks of non-taxable?

What if I contributed to the taxable on the other Friday. I just started doing this. For the 'other' week, you don't necessarily have to choose Friday, of course, so I intend to just pick any date on the "off" week (from IRA contribution) and DCA into the taxable investments on that day o...
by danwhite77
Tue Mar 04, 2014 1:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Invest in taxable opposite weeks of non-taxable?
Replies: 10
Views: 378

Re: washing machine - front loader or HE top loader?

We're considering CR's recommended Whirlpool Duet WFW70HEBW (front loader) and LG WT1101CW (top loader) and Samsung WA422PRDH[WR] (top loader). We will also consider other brands and models. We bought both a front loader LG washer and a dryer two years ago and they have performed exceptionally well...
by danwhite77
Tue Mar 04, 2014 10:45 am
 
Forum: Personal Consumer Issues
Topic: washing machine - front loader or HE top loader?
Replies: 52
Views: 3795

Re: What was your dumbest financial decision?

Just envision a scenario where you take a woman out for a lovely dinner and then pull out a two for one coupon with your credit card to pay. A boglehead compatible woman would be impressed; this could be a good screening mechanism to eliminate incompatible partners AND save money. This is what my h...
by danwhite77
Mon Mar 03, 2014 12:23 am
 
Forum: Personal Finance (Not Investing)
Topic: What was your dumbest financial decision?
Replies: 106
Views: 9310

Re: Warren Buffett's new letter

?..BRK vs the S&P 500. I arbitrarily picked the time period from 2000 to now. I can tell you that BRK is WAY behind the S&P 500, something like 4 fold less growth. From Morningstar, for the period 3/1/2000 to 3/1/2014 they show a $10,000 investment growing to: $17,357.41 VFINX (Vanguard 500...
by danwhite77
Sun Mar 02, 2014 4:42 pm
 
Forum: Investing - Theory, News & General
Topic: Warren Buffett's new letter
Replies: 13
Views: 1555

Re: Backdoor IRA screw up

Vanguard guy is right. The 1099 needs to match what you did or else the IRS's computers will spit out an automated adjustment due to the mis-match. You just need to file the form the Vanguard guy suggests, that way the 1099 will match, you'll file the form 'correcting' the amount and you'll pay tax ...
by danwhite77
Tue Feb 25, 2014 10:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor roth IRA [mess up]
Replies: 14
Views: 873

Re: Attic Retrofit: Spray Foam Insulation [Updated w Images]

The pictures help. It looks tough. I wouldn't want you to level the house but if there is a central duct rising from the basement to the attic I was thinking that there might be a way to tap in to it in multiple spots on the first and second floor to have short runs of vents to living areas, abando...
by danwhite77
Fri Feb 21, 2014 11:25 pm
 
Forum: Personal Consumer Issues
Topic: Attic Retrofit: Spray Foam Insulation [Updated w Images]
Replies: 40
Views: 3707

Re: Attic Retrofit: Spray Foam Insulation [Updated w Images]

When you had the roof re-done did they use something like Grace Ice & Water Shield as a peel and stick membrane along all the eaves and at the gables before they installed the shingles? Regarding your first question, I do have a full winterguard system, including extra underlayments near the gu...
by danwhite77
Fri Feb 21, 2014 11:16 pm
 
Forum: Personal Consumer Issues
Topic: Attic Retrofit: Spray Foam Insulation [Updated w Images]
Replies: 40
Views: 3707

Re: Attic Insulation Retrofit: Spray Foam Insulation

I live in New Orleans in a raised home. Several years ago, I had 4" of closed cell foam applied to the back side if the roof In the attic and the underside of the floor. Sealed the attic completely. This made a huge diffence in comfort and air quality. I had blown in cellulose added to my atti...
by danwhite77
Thu Feb 20, 2014 1:19 pm
 
Forum: Personal Consumer Issues
Topic: Attic Retrofit: Spray Foam Insulation [Updated w Images]
Replies: 40
Views: 3707
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