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Re: Any success stories of ppl who never made >$50,000?

In my mind, Bogleheads isn't about numbers, it's about philosophy. The number of zeroes behind the first number really doesn't matter - it's your approach to investing that's important. I don't have my copy handy, but in Jack's book "The Little Book of Common Sense Investing" he relates th...
by danwhite77
Tue Sep 16, 2014 2:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any success stories of ppl who never made >$50,000?
Replies: 65
Views: 2212

Re: Quit/retire - should I do this?

3rd flaw: You haven't retired yet! :D

Now go do it!
by danwhite77
Thu Sep 11, 2014 2:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Quit/retire - should I do this?
Replies: 41
Views: 3688

Re: Remove Cigarette Smoke Smell from House?

I've done it twice, so yes it can be done. Killz Max primer (maximum stain and odor protection) is your friend. Everything else needs to be carefully cleaned or removed. I recently posted on a similar thread: http://www.bogleheads.org/forum/viewtopic.php?f=11&t=141127 Nothing really to add beyon...
by danwhite77
Mon Sep 08, 2014 2:49 pm
 
Forum: Personal Consumer Issues
Topic: Remove Cigarette Smoke Smell from House?
Replies: 20
Views: 1399

Re: Buying a home with aluminum wiring?

I'm not sure if people around here are purchasing aluminum futures, but here are two facts of which I am certain. First, I have seen aluminum wiring mated to copper wiring fail and leave a molten mess inside an electrical box. That's scary. Second, my relative who has been an electrician for over 25...
by danwhite77
Wed Aug 20, 2014 11:00 pm
 
Forum: Personal Consumer Issues
Topic: Buying a home with aluminum wiring?
Replies: 73
Views: 4705

Re: Buying a home with aluminum wiring?

Long story short there is no good way to mate copper and aluminum. They don't even make the best product anymore, the "copalum" product, due to liability concerns. Get a licensed electrician to come out and give you an estimate on rewiring it all. If it's all in conduit that shouldn't be t...
by danwhite77
Tue Aug 19, 2014 10:25 pm
 
Forum: Personal Consumer Issues
Topic: Buying a home with aluminum wiring?
Replies: 73
Views: 4705

Re: Berkshire Hathaway A's about to hit $200k/pps

skepticalobserver wrote:So, what’s the point in owning BRK?


As a shareholder (BRK.B) for the last decade, the point is the appreciation.
by danwhite77
Thu Aug 14, 2014 1:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Berkshire Hathaway A's about to hit $200k/pps
Replies: 42
Views: 2719

Re: Student Loans

Also I meant to mention that tuition inflation clocks in close to 10% a year depending on the school. This phenomenon has slowed down but if you're looking at schools charging 45k a year you can expect tuition to be in the mid to high 50s by the time you graduate.
by danwhite77
Tue Aug 12, 2014 8:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Student Loans
Replies: 32
Views: 3284

Re: Student Loans

The reason people say 200k is because tuition is just the base amount. There are numerous fees in addition, plus room, plus board. Books alone are hundreds a semester. Also remember that interest generally accrues on those loans from the moment you take them out, that is not a small sum after three ...
by danwhite77
Mon Aug 11, 2014 6:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student Loans
Replies: 32
Views: 3284

Re: Student Loans

I plan to go to law school. Don't do it. Read every post in this blog, written by a tenured professor at the University of Colorado Law School, that lays out why going to law school today is a terrible idea: http://insidethelawschoolscam.blogspot.com/ Start with the first post here http://insidethe...
by danwhite77
Sun Aug 10, 2014 10:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student Loans
Replies: 32
Views: 3284

Re: Insulation Question

Below is a thread I started regarding spray foam insulation. There's a lot of good discussion in the comments. We have our HVAC ductwork in the attic, unfortunately, which amplifies the loss of hot and cool air from the climate control system. I still have not decided between blow-in and spray foam....
by danwhite77
Fri Aug 08, 2014 3:59 pm
 
Forum: Personal Consumer Issues
Topic: Insulation Question
Replies: 25
Views: 2024

Re: Who or what inspired you and your investing approach?

A fantastic professor at NYU's business school named David Yermack. In one of his classes he led me to the door of indexing and even identified Vanguard by name. NYU's tuition for that year was expensive, but his advice alone has paid many dividends!
by danwhite77
Wed Aug 06, 2014 10:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who or what inspired you and your investing approach?
Replies: 93
Views: 4410

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: 7406

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: 49
Views: 3739

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: 5476

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: 1506

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: 61
Views: 4401

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: 2827

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: 3107

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: 2535

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: 1922

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: 12708

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: 2617

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: 3414

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: 6392

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: 6392

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: 6392

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: 2755

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: 4792

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: 13300

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: 424

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: 7314

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: 14275

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: 3758

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: 1365

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: 2016

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: 1758

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: 1609

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: 2155

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: 3319

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: 5270

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: 1004

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: 758

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: 5270

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: 1528

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: 1101

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: 60989

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: 2548

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: 2548

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: 2548

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: 2548
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