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Re: Questions for Landlords

I take care of the normal wear and tear. Tenants pay for any major issues like a hole in wall out of their deposit.
by imgritz
Wed Aug 27, 2014 3:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Questions for Landlords
Replies: 20
Views: 876

Re: Savers vs. Spenders: Default Mode

I think it's hard for most people to save because most people just don't make that much money. In my opinion, saving is more of a privilege than a norm. I have to disagree. All of my friends make considerably more than me. They are spenders. They laugh at me when I mention savings and investing. My...
by imgritz
Wed Aug 27, 2014 3:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Savers vs. Spenders: Default Mode
Replies: 34
Views: 2018

Re: AA of 60/40 for your Lifetime?

It is all about how you sleep at night. If the stock market dropped 40% in the next month, how would you feel about your asset allocation?
by imgritz
Wed Aug 27, 2014 12:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA of 60/40 for your Lifetime?
Replies: 22
Views: 1590

Re: What's "The Herd" doing today?

My herd is spending.
by imgritz
Wed Aug 27, 2014 12:26 pm
 
Forum: Investing - Theory, News & General
Topic: What's "The Herd" doing today?
Replies: 44
Views: 2504

Re: California residents - do you have earthquake insurance?

I figure you have two choices if an earthquake happens and you don't have insurance.

1) You will have to get a loan from FEMA to rebuild your house.
2) Walk away. Let the banks foreclose. You lose your equity and your credit rating.
by imgritz
Tue Aug 26, 2014 7:07 pm
 
Forum: Personal Consumer Issues
Topic: California residents - do you have earthquake insurance?
Replies: 42
Views: 1910

Re: Where to put money while waiting for 401k

You're doing fine. Do you have an emergency fund? If not, maybe you should consider building one.
by imgritz
Tue Aug 26, 2014 6:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to put money while waiting for 401k
Replies: 6
Views: 394

Re: California residents - do you have earthquake insurance?

I got my earthquake insurance through State Farm and they use CEA. I think my policy is 15% and the market value is the cost it would take to rebuild my home.
by imgritz
Tue Aug 26, 2014 5:43 pm
 
Forum: Personal Consumer Issues
Topic: California residents - do you have earthquake insurance?
Replies: 42
Views: 1910

Re: California residents - do you have earthquake insurance?

My ex-parents-in-law lived near Northridge. That quake took some very serious toll on the community. Fortunately, they had earthquake insurance and their house was restored in full in a timely manner. Their story convinced me to get earthquake insurance. You can calculate a policy at http://www.eart...
by imgritz
Tue Aug 26, 2014 3:51 pm
 
Forum: Personal Consumer Issues
Topic: California residents - do you have earthquake insurance?
Replies: 42
Views: 1910

Re: How I beat Indexing... in 1 hour

I remember I was a financial genius back in to 2007/2008. :D
by imgritz
Tue Aug 26, 2014 3:47 pm
 
Forum: Investing - Theory, News & General
Topic: How I beat Indexing... in 1 hour
Replies: 48
Views: 5784

Re: Husband rear-ended, driver ignoring his insurance

I don't understand why your State Farm policy isn't paying immediately. You should go to a repair facility approved by State Farm. They will repair your car and only charge you the deductible. It's that easy.
by imgritz
Tue Aug 26, 2014 3:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Husband rear-ended, driver ignoring his insurance
Replies: 39
Views: 3502

Re: Bond fund in taxable account (CA resident)

I live in California and had the same concerns about our state's financial health. I split the money 50/50 between the two tax-exempt funds.
by imgritz
Tue Aug 26, 2014 12:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bond fund in taxable account (CA resident)
Replies: 14
Views: 1008

Re: Auto accident today

I call my State Farm agent and tell them my story. I am told I can claim up to $750 and it will not affect my policy.
by imgritz
Tue Aug 26, 2014 12:52 pm
 
Forum: Personal Consumer Issues
Topic: Auto accident today
Replies: 33
Views: 2489

Re: I need "Ultra High Net Worth" investing advice please

Boglehead philosophy applies if you have 10K or 10MM. I think the solution is simple. 1) You can learn what you need from the Wiki and ask a lot of questions on this board for a do-it-yourself portfolio. This will involve a lot of your effort at no-cost. 2) You can have Vanguard to a financial plan ...
by imgritz
Mon Aug 25, 2014 8:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 215
Views: 14967

Re: Telling my friends I paid off my house was a mistake.

Folks, the OP has used the plural of "house", so the OP has more than one house that has been paid off. Let's give him the benefit of the doubt and say it's 8 houses that they have paid off. I think the OP should take more trips, go to Paris (multiple times), and start redecorating. Final...
by imgritz
Mon Aug 25, 2014 3:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Telling my friends I paid off my house was a mistake.
Replies: 73
Views: 9373

Re: Looking to buy a new car but hesistant.

I like the Tundra. It's rated well. I would've purchased one except it is two feet longer than my garage.

It looks like you are doing well. How about saving another 5K towards the down-payment? That way you only have to finance half of the car.
by imgritz
Mon Aug 25, 2014 3:30 pm
 
Forum: Personal Consumer Issues
Topic: Looking to buy a new car but hesistant.
Replies: 17
Views: 1495

Re: Telling my friends I paid off my houses was a mistake.

Thanks guys. I will simply smile and thank them for their opinion if it comes up again.
by imgritz
Mon Aug 25, 2014 2:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Telling my friends I paid off my house was a mistake.
Replies: 73
Views: 9373

Telling my friends I paid off my house was a mistake.

Some of my friends are spenders. They love to go places, eat out all of the time, lease cars, redecorate their houses all of the time, etc. My biggest mistake came when a small group of us were talking about a friend's bonus. They asked me what should they do. I told them they could invest it or pay...
by imgritz
Mon Aug 25, 2014 1:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Telling my friends I paid off my house was a mistake.
Replies: 73
Views: 9373

Re: Newbie nervous and just invested 55k with Vanguard

The second rule I will give you is don't listen to CNBC or read Money magazine or listen to any of the pundits. None of them know anything but they will get your knickers in a twist. I kicked reading the news for three months. I was happy not seeing the daily turmoil. Too bad I'm reading the news a...
by imgritz
Mon Aug 25, 2014 1:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie nervous and just invested 55k with Vanguard
Replies: 20
Views: 2215

Re: Newbie nervous and just invested 55k with Vanguard

A big part of being a Boglehead is turning off the noise and staying the course. You did well with your investments. Be proud of yourself!

Try to think long term. Get your mind off things by helping others on this board. You will do just fine.
by imgritz
Mon Aug 25, 2014 12:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie nervous and just invested 55k with Vanguard
Replies: 20
Views: 2215

Re: Moving from UBS to Vanguard

If I go mutual fund (Admiral shares) with a 3 or 4 fund portfolio, don't I come out ahead expense wise? I have think I have enough money in the taxable money to do this. Or am I overemphasizing this aspect? Go with Vanguard mutual fund accounts. Establish a three fund portfolio using Admiral shares...
by imgritz
Mon Aug 25, 2014 12:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Moving from UBS to Vanguard
Replies: 18
Views: 1236

Re: Downsizing emergency fund

For the rest, is it strange to want to invest it somewhat more conservatively than my retirement accounts are even though I have no specific timeframe for needing the money? I don't follow the "Keep it all in cash" theory. I have some money in a savings account to pay unexpected events li...
by imgritz
Fri Aug 22, 2014 7:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Downsizing emergency fund
Replies: 12
Views: 1249

Re: Downsizing emergency fund

It's good that your EF is growing. To me, EFs are based on the months of living expenses you need.

My EF has grown to 2.5 years of annual expenses. I never plan on trimming it. It simply tells me that in case of a layoff I could be picky about my next employer.
by imgritz
Fri Aug 22, 2014 6:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Downsizing emergency fund
Replies: 12
Views: 1249

Re: Why do we tip restaurant servers?

HardKnocker wrote:Why is 20% now considered a normal tip?

15% used to be the norm.

I still think 15% is the norm.

20% is easier for me to do in my head. I can easily move a decimal point and double the amount. I used to be able to figure out 15% when I was younger. :happy
by imgritz
Fri Aug 22, 2014 6:28 pm
 
Forum: Personal Consumer Issues
Topic: Why do we tip restaurant servers?
Replies: 44
Views: 2197

Re: Stopping Junk mail from USPS

Get the PaperKarma app. It takes a while to get all of the junk mail eliminiated.
by imgritz
Fri Aug 22, 2014 5:07 pm
 
Forum: Personal Consumer Issues
Topic: Stopping Junk mail from USPS
Replies: 26
Views: 1866

Re: Why do we tip restaurant servers?

I used to work in a company where employees came from all over the world. They told me tipping is an American thing. In most countries workers are expected to do a good job. For an excellent job, a 5% tip is considered good. I tip 20% automatically. Personally, I would rather have the employer pay t...
by imgritz
Fri Aug 22, 2014 5:03 pm
 
Forum: Personal Consumer Issues
Topic: Why do we tip restaurant servers?
Replies: 44
Views: 2197

Re: Why only stocks in a taxable account at retirement?

There are two strategies in terms of portfolio construction: 1) Equal Location - the same funds in each account (with possibly minor differences such as taxable and tax exempt bonds). 2) Asset Location - different funds in different accounts. We have tried both strategies and follow the "Equal...
by imgritz
Wed Aug 20, 2014 7:01 pm
 
Forum: Investing - Theory, News & General
Topic: Why only stocks in a taxable account at retirement?
Replies: 26
Views: 1836

Re: How to finance major home improvements

I'm saving for my home improvements.
by imgritz
Wed Aug 20, 2014 6:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to finance major home improvements
Replies: 24
Views: 1648

Re: Why only stocks in a taxable account at retirement?

Shouldn't we intermix Not sure what you mean by intermix. Could you explain? The three-fund portfolio tells us we should hold Total Bond Market index in a tax-advantaged account like an IRA while we hold Total Stock/Total International Market index in a taxable account. I don't follow the Boglehead...
by imgritz
Wed Aug 20, 2014 5:07 pm
 
Forum: Investing - Theory, News & General
Topic: Why only stocks in a taxable account at retirement?
Replies: 26
Views: 1836

Re: Retiree Poll: Do you do any volunteer work?

I'm not retired. I volunteer my time twice a month.
by imgritz
Wed Aug 20, 2014 12:50 pm
 
Forum: Personal Consumer Issues
Topic: Retiree Poll: Do you do any volunteer work?
Replies: 32
Views: 2299

Re: Reducing time spent paying bills

I use online bill pay. You receive a bill electronically and a check is automatically generated on its due date. All I have to do is make sure my checking account has money in it. The best part is I don't have to pay for stamps. Did I forget to mention there is no cost for this service? It can't be ...
by imgritz
Wed Aug 20, 2014 12:47 pm
 
Forum: Personal Consumer Issues
Topic: Reducing time spent paying bills
Replies: 25
Views: 1722

Why only stocks in a taxable account at retirement?

I've read on this board on a few threads that people do not change how they are invested when they retire. I don't understand why. Let's say you are retired. Your asset allocation is 50/50. Total Bond Market Index in a tax advantage account - 50% of portfolio Total Stock Market Index in a taxable ac...
by imgritz
Wed Aug 20, 2014 12:27 pm
 
Forum: Investing - Theory, News & General
Topic: Why only stocks in a taxable account at retirement?
Replies: 26
Views: 1836

Re: New Investor!! Did I make a mistake?

The OP has two choices. 1) Sell STAR fund to buy new shares of Fund X or 2) Exchange STAR fund to buy new shares of Fund X. Both of them would generate a taxable event. What other choice does he have to purchase a new fund besides contributing new money? OP, read up on the Three Fund portfolio. http...
by imgritz
Tue Aug 19, 2014 8:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Investor!! Did I make a mistake?
Replies: 39
Views: 1558

Re: which vanguard bond fund for 30-something?

Total Bonds Index in a tax advantaged account. Intermediate Term Tax exempt in a taxable account.
by imgritz
Tue Aug 19, 2014 4:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: which vanguard bond fund for 30-something?
Replies: 11
Views: 1702

Re: Investment advice for 3 years horizon

I would shy away from mutual funds unless you have a 5+ year time period. A down payment on property should be a safe investment. Savings accounts and CDs.
by imgritz
Tue Aug 19, 2014 4:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investment advice for 3 years horizon
Replies: 6
Views: 769

Re: Giving back, charity, and similar

1. Think, speak and act to others in a positive manner.
2. Donate to a charity.
by imgritz
Tue Aug 19, 2014 3:14 pm
 
Forum: Personal Consumer Issues
Topic: Giving back, charity, and similar
Replies: 22
Views: 1492

Re: VTSMX in Roth IRA and Taxable Account

The primary account for Total Stock Market should be in a taxable account. Open a taxable mutual fund account and invest more.
by imgritz
Tue Aug 19, 2014 3:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: VTSMX in Roth IRA and Taxable Account
Replies: 8
Views: 505

Re: POLL: Uninsured/Underinsured Motorists Coverage?

I carry UM insurance because a lot of people in California do not have insurance or they are under insured. I know this through personal experience. I've had four accidents where the other driver was at fault. Only one was fully covered.
by imgritz
Mon Aug 18, 2014 4:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Uninsured/Underinsured Motorists Coverage?
Replies: 17
Views: 1030

Re: POLL: Breaking up with advisor

My advisor lost 2/3 of my IRA with risky investments. Put me in whole life insurance.

When I finally understood what he did, it was easy for me to say Adios!
by imgritz
Mon Aug 18, 2014 4:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: POLL: Breaking up with advisor
Replies: 39
Views: 2091

Re: How much do you plan to save in your 529 plan?

I suggest looking at Vanguard 529 in a state (Nevada) that is associated with UPromise. http://www.upromise.com/welcome You can get cash back on your purchases and even get their credit card to help contribute to the 529.
by imgritz
Mon Aug 18, 2014 3:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much do you plan to save in your 529 plan?
Replies: 60
Views: 6747

Re: In-Law Financial Issues (long)

I know a lot of people that live above their means and don't make savings a priority. I've had people laugh at me when I try to discuss savings. Everyone's financial status is their own. You and your wife will need to discuss how much you should help if it ever comes to the point. At a minimum, the ...
by imgritz
Mon Aug 18, 2014 2:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: In-Law Financial Issues (long)
Replies: 44
Views: 4142

Re: Online property tax payment lost

I tried an online payment for my property taxes once. It was returned to me saying they don't accept those type of checks.

Now, I use my checkbook twice a year to make property tax payments.
by imgritz
Mon Aug 18, 2014 12:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Online property tax payment lost
Replies: 23
Views: 1396

Re: VTSMX vs VTSAX

I believe the difference is in the minimum investment and the expense ratio.
by imgritz
Fri Aug 15, 2014 3:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: VTSMX vs VTSAX [Total Stock Market, Investor vs. Admiral]
Replies: 11
Views: 1181

Re: [Poll] How I Feel When I Think about Investing, etc.

It's a entertaining mental hobby for me.
by imgritz
Fri Aug 15, 2014 3:51 pm
 
Forum: Investing - Theory, News & General
Topic: [Poll] How I Feel When I Think about Investing, etc.
Replies: 36
Views: 2362

Re: New lower limit for Admiral share conversion

Vanguard has exchanged my funds for Admiral shares when I met the minimum. I thought it was a nice feature.
by imgritz
Fri Aug 15, 2014 3:49 pm
 
Forum: Investing - Theory, News & General
Topic: New lower limit for Admiral share conversion
Replies: 10
Views: 1658

Re: Focus more on Tax-Exempt in Taxable Account?

Total Stock Market index is perfect for a taxable account. If you need additional bonds for your asset allocation, you could look at tax-exempt funds in a taxable account.
by imgritz
Thu Aug 14, 2014 6:36 pm
 
Forum: Investing - Theory, News & General
Topic: Focus more on Tax-Exempt in Taxable Account?
Replies: 16
Views: 1400

Re: I don't have enough cash for index funds

Schwab's S&P 500 Index fund has a $100 minimum.
by imgritz
Thu Aug 14, 2014 4:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: I don't have enough cash for index funds
Replies: 42
Views: 3725

Re: When did you downsize?

My ex-wife wanted a big house. I downsized as soon as she became an ex-wife.

I moved into a condo. There are expenses there too. You are still responsible for a lot of issues.
by imgritz
Thu Aug 14, 2014 3:55 pm
 
Forum: Personal Consumer Issues
Topic: When did you downsize?
Replies: 35
Views: 3257

Re: Do you diversify into international bond?

Vanguard recommends international bonds. Look at the LifeStrategy Funds.
by imgritz
Thu Aug 14, 2014 3:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do you diversify into international bond?
Replies: 31
Views: 2028

Re: Advice for my mother (Widowed @ 62)

Do you need an actual person in a room? A Vanguard representative will meet with you over teleconferencing. You will see a video of the person as you discuss your financial needs. Vanguard will manage the account for you for 0.3 percent annually if you want to go that route. For 500K that equates to...
by imgritz
Wed Aug 13, 2014 7:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice for my mother (Widowed @ 62)
Replies: 13
Views: 1373

Re: Help with investing for children

I opened a UTMA for my daughter and picked a LifeStrategy fund. The dividends are so small that she doesn't need to file a tax return. I think the investment minimum now is 3K; It was 1K when I started.
by imgritz
Wed Aug 13, 2014 7:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with investing for children
Replies: 25
Views: 1706
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