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Re: Do I Really Need a Million Bucks?

The average boglehead does not make 6 figures According to the Net Worth Survey done on this site (and recognizing potential selection bias) the average boglehead does make 6 figures and does have 7 figure net worth. Can you please post the link to that thread? In any case, people who chose to resp...
by jay22
Sat Sep 20, 2014 7:05 pm
 
Forum: Personal Consumer Issues
Topic: Do I Really Need a Million Bucks?
Replies: 50
Views: 3390

Re: Do I Really Need a Million Bucks?

I need a million just to live, my goal is once my present consumption portfolio reaches 1M to put it all in 3% CDs and take 1.5% for living expenses and reinvest the other 1.5% to keep up with inflation with compounding and live my life. My retirement, i would like to replace my current income with...
by jay22
Sat Sep 20, 2014 2:55 pm
 
Forum: Personal Consumer Issues
Topic: Do I Really Need a Million Bucks?
Replies: 50
Views: 3390

Re: What Book Are You Currently Reading? Part V

market timer wrote:Couldn't put down Flash Boys until it was finished. Fantastic storytelling from Michael Lewis. Once again sticking with the free material on Kindle Unlimited, I've just started The Good Earth, by Pearl S. Buck.

Read Flash Boys last month. Incredible book!
by jay22
Thu Sep 18, 2014 1:41 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 3367
Views: 1155831

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

Maybe we need to reset this thread and specify $50k income in 2014 dollars, because obviously we're getting responses about cases of never earning more than $50k, back when $50k was a very, very generous income. And we need to decide if it's $50k personal income, maybe x2, or the approximately-aver...
by jay22
Tue Sep 16, 2014 7:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any success stories of ppl who never made >$50,000?
Replies: 149
Views: 9837

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

This is a tough crowd to hang with if you are merely "middle class" which is too bad because the principles are the same. I have noticed several lower income first time posters that don't seem to come back after their first post. Agreed. I made <50k until about two years ago, and was able...
by jay22
Tue Sep 16, 2014 4:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any success stories of ppl who never made >$50,000?
Replies: 149
Views: 9837

Re: Why should young people invest in bonds at all?

Because when, not if, but when the market tanks 30 or 40% the next time you will have money to jump in and make $$ on the recovery by rebalancing. Am I the only one who's thick enough to not know what that means!? :?: I'm still relatively new to investing so take this with a grain of salt. I believ...
by jay22
Tue Sep 16, 2014 11:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Why should young people invest in bonds at all?
Replies: 87
Views: 7872

Re: Why should young people invest in bonds at all?

midareff wrote:
Because when, not if, but when the market tanks 30 or 40% the next time you will have money to jump in and make $$ on the recovery by rebalancing.

Am I the only one who's thick enough to not know what that means!? :?:
by jay22
Mon Sep 15, 2014 5:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why should young people invest in bonds at all?
Replies: 87
Views: 7872

Re: Why is REIT only sector fund recommended in slice & dice

Is there any data which shows past performance with a conventional 3 fund portfolio vs one with tilt towards REIT or SCV?
by jay22
Mon Sep 15, 2014 4:04 pm
 
Forum: Investing - Theory, News & General
Topic: Why is REIT only sector fund recommended in slice & dice?
Replies: 113
Views: 7614

Re: Why is REIT only sector fund recommended in slice & dice

abuss368 wrote:
Hi jay22,

I am unsure if Small Cap Index is recommended, but most often Small Cap Value is mentioned.

Best.

Interesting. Any idea why Small Cap Value is recommended to tilt instead of Small Cap Index?
by jay22
Fri Sep 12, 2014 7:26 pm
 
Forum: Investing - Theory, News & General
Topic: Why is REIT only sector fund recommended in slice & dice?
Replies: 113
Views: 7614

Re: Why is REIT only sector fund recommended in slice & dice

Small cap index (NAESX) is also recommended for those who slice & dice, isn't it?
by jay22
Fri Sep 12, 2014 1:52 pm
 
Forum: Investing - Theory, News & General
Topic: Why is REIT only sector fund recommended in slice & dice?
Replies: 113
Views: 7614

Re: Individual stock

Should have added this before - he did actually sell around 70% of his stock this summer. I don't know what the final amount was, neither did I ask. He said he's gonna keep the rest 30% for another 10 years and see how it goes. Oh, by the way, by posting this, I wasn't asking for advice on which com...
by jay22
Fri Sep 12, 2014 11:46 am
 
Forum: Investing - Theory, News & General
Topic: Individual stock
Replies: 21
Views: 1229

Re: Costco vs Amazon?

Vinegar works as well... and I would think less risk of side effects. Also, um, keep your refrigerator clean. If you ever wonder why your berries (or other foods) are getting moldy or stinky before they should... well, the bacteria may originate in your refrigerator. :oops: Off topic, but whenever ...
by jay22
Fri Sep 12, 2014 11:31 am
 
Forum: Personal Consumer Issues
Topic: Costco vs Amazon?
Replies: 60
Views: 4572

Individual stock

Had an interesting discussion with a co-worker today. He bought $1K Apple shares in early 90s. Needless to say, he's jumping with joy right now.

Hypothetical scenario - If you could invest $5K in an an individual stock that you think will pay off in the next 20-25 year, which one it will be?
by jay22
Thu Sep 11, 2014 7:17 pm
 
Forum: Investing - Theory, News & General
Topic: Individual stock
Replies: 21
Views: 1229

Re: Costco vs Amazon?

Has anyone done a Costco vs Target comparison? We recently got the Target Red card which gives an additional 5% off on all purchases. I'd be interested to see how Target's prices compare with Costco and Walmart. I find Target to be very expensive. I only go there when I have no other choice. adding...
by jay22
Thu Sep 11, 2014 4:44 pm
 
Forum: Personal Consumer Issues
Topic: Costco vs Amazon?
Replies: 60
Views: 4572

Re: Costco vs Amazon?

Has anyone done a Costco vs Target comparison? We recently got the Target Red card which gives an additional 5% off on all purchases. I'd be interested to see how Target's prices compare with Costco and Walmart.
by jay22
Thu Sep 11, 2014 2:50 pm
 
Forum: Personal Consumer Issues
Topic: Costco vs Amazon?
Replies: 60
Views: 4572

Re: Great deal for new Costco members

Looks like a great deal! I may get this one and give Costco a shot - although, I am 99% convinced it doesn't make any sense for a family of 2 (like us) to get Costco's membership.
by jay22
Thu Sep 11, 2014 12:20 pm
 
Forum: Personal Consumer Issues
Topic: Great deal for new Costco members
Replies: 18
Views: 2967

Re: Recommended Mortgage Lenders

Can anyone recommend mortgage lenders that are known for the best rates and lowest costs? Trying to develop a short list. We are Costco members and I wonder about the lenders that they put you in touch with; anyone have experience going this route? Thanks in advance. Go to mtgprofessor.com plug in ...
by jay22
Wed Sep 10, 2014 7:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Recommended Mortgage Lenders
Replies: 11
Views: 934

Re: Trying to get my company to switch to Vanguard 401(k)

Can you give me any recommendations for a plan administrator for a company of around 70 employees? The funds in my 401k are pretty awful, and I am trying to talk to them to make a switch to an administrator which offers more index funds. Thanks. The Vanguard small-business plan we've been discussin...
by jay22
Wed Sep 10, 2014 6:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trying to get my company to switch to Vanguard 401(k)
Replies: 24
Views: 1954

Re: Trying to get my company to switch to Vanguard 401(k)

You might want to try Fidelity. I convinced my company (200 employee) to switch about 3 years ago from ING to Fidelity. Fidelity told me that they generally are not competitive for plans with less than 200 employees. The plan I'm currently in has only ~120 participants. In any case, I have all of m...
by jay22
Wed Sep 10, 2014 5:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trying to get my company to switch to Vanguard 401(k)
Replies: 24
Views: 1954

Re: How much insurance do I need?

imgritz wrote:Liability insurance is inexpensive. I think it is around $250 a year for a one million dollar umbrella policy at state farm.

That isn't too bad considering it'll be invaluable in case of an catastrophic emergency.
by jay22
Tue Sep 09, 2014 7:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much insurance do I need?
Replies: 5
Views: 465

How much insurance do I need?

Reading one of the existing threads here made me realize that my coverage might be a bit low. I never thought insurance amounts would be so widely discussed. I just went with the cheapest one. I have the following coverage: Bodily Injury Liability $100,000/$300,000 Medical Payments $5,000 Property D...
by jay22
Tue Sep 09, 2014 5:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much insurance do I need?
Replies: 5
Views: 465

Re: If you had an extra $100,000

A 100K additional down payment for the house we have in mind would be amazing! That would make living with the mortgage so much easier!
by jay22
Mon Sep 08, 2014 7:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: If you had an extra $100,000
Replies: 68
Views: 7201

Re: 401K help

Thank you, retiredjg. So what you're saying is - just fund the 401K 100% with Freedom fund and concentrate on the IRAs and taxable accounts with the 60-30-10 split that I already have? It that suits you, I don't see a problem with it. The other option is to use a stock and/or a bond fund and make u...
by jay22
Fri Sep 05, 2014 12:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401K help
Replies: 22
Views: 1210

Re: 401K help

The stock large cap at .94% is worth a look, as well as a couple of the bond funds. But that would not be much of a savings over the 1.03% for the target fund. I don't say this often, but in this case, the Freedom Fund is probably as good a choice as any, especially if it allows you to just manage ...
by jay22
Fri Sep 05, 2014 12:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401K help
Replies: 22
Views: 1210

Re: 401K help

Thanks for all the replies. Which fund among the ones I listed above would you recommend? I am thinking of just putting all the money in Freedom 2055 fund and calling it a day. Thanks.
by jay22
Fri Sep 05, 2014 11:28 am
 
Forum: Investing - Help with Personal Investments
Topic: 401K help
Replies: 22
Views: 1210

Re: 401K help

None of my 401Ks when I was a captured employee were attractive, but I always contributed the max and then rolled over to my own IRA when I left. Five or seven years of smelly charges, when there is a decent employer match (free money!) isn't the end of the world, just a bend in the road. So you're...
by jay22
Thu Sep 04, 2014 11:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401K help
Replies: 22
Views: 1210

Re: 401K help

None of my 401Ks when I was a captured employee were attractive, but I always contributed the max and then rolled over to my own IRA when I left. Five or seven years of smelly charges, when there is a decent employer match (free money!) isn't the end of the world, just a bend in the road. So you're...
by jay22
Thu Sep 04, 2014 10:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401K help
Replies: 22
Views: 1210

Re: 401K help

Just an update - I talked to my employer and they said they'd review with the Plan Admin at the end of this year to include other funds. I am not too hopeful anything will change, though. Based on my salary, I can easily max out the 401 and IRAs (that's already done for the year). Any suggestions on...
by jay22
Thu Sep 04, 2014 9:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401K help
Replies: 22
Views: 1210

Re: best place to buy kitchen appliances

Just a update. After some research on line and price comparison at our local best buy/pacific sales, we ended buying everything from online stores. We didn't buy a single on line retailer. Rather we did some price comparison and went for the lowest price. The appliances have not been delivered yet....
by jay22
Wed Sep 03, 2014 11:31 pm
 
Forum: Personal Consumer Issues
Topic: best place to buy kitchen appliances
Replies: 26
Views: 2426

Re: Rewards credit card advice

I am a big fan of the Chase Sapphire card, especially when combined with a Chase Freedom. With a Chase Sapphire account, you are able to transfer points from both the chase Freedom and Chase Sapphire accounts to hotel and airline partners. This has allowed me to get far more value out of the reward...
by jay22
Wed Sep 03, 2014 6:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rewards credit card advice
Replies: 33
Views: 6992

Re: New home worth the extra $$?

Are you moving from out of state for a job or something and need to make a quick decision? If not, I agree with the previous poster to take your time. You should probably look at something like 100 homes before coming to a decision. This is definitely likely to take you several months. There are do...
by jay22
Tue Aug 26, 2014 7:39 pm
 
Forum: Personal Consumer Issues
Topic: New home worth the extra $$?
Replies: 17
Views: 1763

Re: New home worth the extra $$?

Thanks for the replies. It's overwhelming for first time home buyers like us to which direction to take and how to make sure we're making the right decision. I do not mind spending the extra 25K if it makes sense, but don't want to pay for it only because it's new.

Back to the drawing board. :D
by jay22
Tue Aug 26, 2014 2:13 pm
 
Forum: Personal Consumer Issues
Topic: New home worth the extra $$?
Replies: 17
Views: 1763

New home worth the extra $$?

My wife and I are first time home buyers and started looking at houses this weekend and saw a couple of new houses which we really liked. The difference between a 10 year old house and a new house is about 25K (the older homes are in the 390-400K range the newer ones are in 415-425K range), do you t...
by jay22
Mon Aug 25, 2014 5:59 pm
 
Forum: Personal Consumer Issues
Topic: New home worth the extra $$?
Replies: 17
Views: 1763

401K help

I was very excited that I'll be offered a 401K at my new work place, but after seeing my fund options, I was extremely disappointed. The 401K manager is Fidelity and following are the funds available: Name/Inception Date Asset Class Category Gross Expense Ratio** Shareholder Fees FA FREEDOM 2005 A (...
by jay22
Fri Aug 22, 2014 11:47 am
 
Forum: Investing - Help with Personal Investments
Topic: 401K help
Replies: 22
Views: 1210

Re: tIRA - Tax deductions

johnny847 wrote:If you hit the deduction phaseout, you could decide to recharacterize your traditional contribution to a Roth. You can recharacterize retroactively, but before the tax filing deadline, so you don't have to worry about this until next year when you file your taxes.

Thanks. That's good to know.
by jay22
Thu Aug 21, 2014 2:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: tIRA - Tax deductions
Replies: 9
Views: 626

Re: tIRA - Tax deductions

Thanks. So it looks like I can get full deduction if my MAGI < 96K.

http://www.irs.gov/Retirement-Plans/Pla ... an-at-Work
by jay22
Thu Aug 21, 2014 11:32 am
 
Forum: Investing - Help with Personal Investments
Topic: tIRA - Tax deductions
Replies: 9
Views: 626

Re: Kaiser vs Blue Shield

Thanks so much for all the insightful replies, folks! I can always trust this forum to get answers to whatever mundane questions I might have. :happy
by jay22
Thu Aug 21, 2014 11:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Kaiser vs Blue Shield
Replies: 83
Views: 5537

tIRA - Tax deductions

I was working for a company which didn't offer any 401K options - for that reason, I invested in tIRA accounts for both me and my wife and fully funded them earlier this year. The new company I am joining (starting next month) does offer 401k. Can someone please explain to me if the 11K I put in the...
by jay22
Wed Aug 20, 2014 2:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: tIRA - Tax deductions
Replies: 9
Views: 626

Re: Kaiser vs Blue Shield

If I look at purely financial terms, then Kaiser is cheaper. Kaiser's deductible is 2500, Shield's is 4000. Kaiser monthly premium is also about $15 cheaper.
by jay22
Tue Aug 19, 2014 4:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Kaiser vs Blue Shield
Replies: 83
Views: 5537

Kaiser vs Blue Shield

I am changing my job next month and the new employer has option of choosing between Kaiser and BS CA. Can anyone share their experiences with those two and help me choose the right one? FWIW, I live in Northern CA and both my wife and I are pretty healthy (haven't had a doctor's appointment for the ...
by jay22
Tue Aug 19, 2014 3:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Kaiser vs Blue Shield
Replies: 83
Views: 5537

Re: Retired Bogleheads want to relocate to California

I am not retired (not even close!), but recently moved to CA. If you're flexible on looking into northern CA, I would strongly suggest you look into Sacramento - we love it here! It's an easy 90 mins drive to SF bay area without the crazy housing prices. In my opinion (after having lived in SF and L...
by jay22
Mon Jun 23, 2014 12:47 pm
 
Forum: Personal Consumer Issues
Topic: Retired Bogleheads want to relocate to California
Replies: 109
Views: 7041

Re: What Do You Eat For Snacks?

VictoriaF wrote:
jay22 wrote:It's probably an ignorant question, but what is MMM, MDA and MCT?


MMM and MDA are blogs Mr. Money Mustache and Mark's Daily Apple. MCT is Medium-Chain Triglycerides.

Victoria

Thanks. :happy
by jay22
Fri Jun 20, 2014 4:41 pm
 
Forum: Personal Consumer Issues
Topic: What Do You Eat For Snacks? [for exercise-induced hunger]
Replies: 129
Views: 8918

Re: What Do You Eat For Snacks?

It's probably an ignorant question, but what is MMM, MDA and MCT?
by jay22
Fri Jun 20, 2014 4:22 pm
 
Forum: Personal Consumer Issues
Topic: What Do You Eat For Snacks? [for exercise-induced hunger]
Replies: 129
Views: 8918

Re: How much car can I afford while paying cash? Details ins

You're 26 years old, saving 100K a year and you're asking strangers on internet whether you can afford a 40K car? I think deep down you know the answer to this question. :)
by jay22
Fri Jun 20, 2014 4:17 pm
 
Forum: Personal Consumer Issues
Topic: How much car can I afford while paying cash? Details inside.
Replies: 62
Views: 4159

Re: Shopping at Costco

I did ask around in my friend circle, but no one has a Costco membership. :(
by jay22
Mon Jun 16, 2014 9:05 pm
 
Forum: Personal Consumer Issues
Topic: [can you] shop at Costco [without a membership?]
Replies: 68
Views: 5296

[can you] shop at Costco [without a membership?]

It's a naive question, but I'll ask anyway. Is there a way you can shop at Costco even though you're not a member? I wanted to buy a few things from there, but don't think I'll use the membership regularly. Is there a way around for people like me? Thanks.
by jay22
Mon Jun 16, 2014 9:00 pm
 
Forum: Personal Consumer Issues
Topic: [can you] shop at Costco [without a membership?]
Replies: 68
Views: 5296

Re: engineers - please help with engineering school selectio

Engineering you say? Please take a serious look at USC - the faculty there is top notch, specially in CS and EE.
by jay22
Thu Jun 12, 2014 9:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: engineers - please help with engineering school selection
Replies: 119
Views: 5450

Re: SACRAMENTO, CA AREA BOGLEHEADS

Do we still have a Sacramento area group? I recently moved here and would be interested in joining you guys in your next meeting.
by jay22
Thu Jun 05, 2014 9:17 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: SACRAMENTO, CA AREA BOGLEHEADS
Replies: 16
Views: 3077

Re: Thoughts on using Mint.com?

Don't really care for Mint's investment option, but use is religiously for everyday spending analysis. It's a fantastic tool! The analysis it does would be extremely hard and tiresome to do manually.
by jay22
Tue Jun 03, 2014 3:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Thoughts on using Mint.com?
Replies: 36
Views: 2081
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