Search found 97 matches

Return to advanced search

Re: If you own a car, do you have a car payment?

I bet there are people out there that happily brag about no car payments while carrying a 4%+ mortgage. Makes no sense to me when cheaper money is available by securing a loan with a vehicle. I plan on getting a Pen Fed used car refinance as soon as the current 0% loan is paid off.
by jimbojones
Mon Jul 21, 2014 9:15 pm
 
Forum: Personal Consumer Issues
Topic: If you own a car, do you have a car payment?
Replies: 112
Views: 7765

Re: To MBA or not MBA?

• wayyyyyy too expensive esp for online degree and no name brand. you either need to go cheap, or pay more for real name brand (USC, Dartmouth, NYU, etc). I paid $35-40k cash for my state school MBA [quote="tommy_gunn"] Unsure about the value of their online program, but brick&mortar ...
by jimbojones
Wed Apr 09, 2014 12:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: To MBA or not MBA?
Replies: 57
Views: 5423

Re: Pay credit cards or student loans

It's true: paying interest on student loans often leads to paying less income tax via the Student Loan Interest Deduction. But ask yourself this: does it make sense to pay $1,000 in interest to save $250 in income taxes? Of course it doesn't. If these are the only two options, pay off the student lo...
by jimbojones
Sat Mar 29, 2014 5:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay credit cards or student loans
Replies: 11
Views: 615

Re: Net Worth Calculation

Assets - Liabilities = Net Worth Houses and cars are assets, regardless of what you intend to do with them or how much debt you have secured by them. Mortgages and all other loans are liabilities, regardless of what assets they are secured by. All of your other property types (jewelry, furniture, et...
by jimbojones
Thu Mar 13, 2014 10:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Net Worth Calculation
Replies: 37
Views: 3953

Re: Please help with my SUV purchase

Thought I'd provide an update: ended up buying a new 2013 CX-9 Grand Touring. Got a nice deep discount as it was the last 2013 left on the lot. Zoom-zoom.

Thank you everyone for your thoughts and ideas!
by jimbojones
Sat Mar 08, 2014 8:50 pm
 
Forum: Personal Consumer Issues
Topic: Please help with my SUV purchase
Replies: 40
Views: 3082

Re: Please help with my SUV purchase

I'd be happy with a new MDX, but they're a little too expensive for us. Looking for under $50K (total over 5 years) on Edmunds Cost to Own. But I'm having a tough time translating the Edmunds Cost to Own from its default assumption of 15K miles per year to the 5-7K miles per year that I expect. The ...
by jimbojones
Mon Mar 03, 2014 8:21 am
 
Forum: Personal Consumer Issues
Topic: Please help with my SUV purchase
Replies: 40
Views: 3082

Re: Please help with my SUV purchase

Thanks all for your responses! These are the types of things I want to hear about. Do all these have the 3rd row? My spouse insisted on a 3rd row and had a Camry wagon, then a Ford Freestyle. All, but the RX have the 3rd row. I was pleasantly surprised at some of the local low-mileage older RX vehic...
by jimbojones
Sun Mar 02, 2014 10:38 pm
 
Forum: Personal Consumer Issues
Topic: Please help with my SUV purchase
Replies: 40
Views: 3082

Please help with my SUV purchase

Let's not spend too much time debating the merits of an SUV: happy wife = happy life. Goal: acquire a people and stuff transporter for a reasonable price (total cost of ownership). I've looked at Edmunds True Cost of Ownership calculator and the used options didn't beat the new options as much as I ...
by jimbojones
Sun Mar 02, 2014 9:02 pm
 
Forum: Personal Consumer Issues
Topic: Please help with my SUV purchase
Replies: 40
Views: 3082

Re: Economist covers Bogle's Arithmetic

I. Not much different than other decisions we make. Some bogleheads prefer to pay someone else to change the oil in our car's yet is easy enough for almost anyone to do. The DIY mechanic is stunned at all the money wasted by these bogleheads. People are paying a premium (in terms of lower net retur...
by jimbojones
Fri Feb 21, 2014 10:20 pm
 
Forum: Investing - Theory, News & General
Topic: Economist covers Bogle's Arithmetic
Replies: 13
Views: 1872

Re: Pay down debt by selling taxable vs keeping investment

I think you'll find that 6% / (1 - 15%) will give you the correct answer.
by jimbojones
Sat Feb 15, 2014 12:08 pm
 
Forum: Investing - Theory, News & General
Topic: Pay down debt by selling taxable vs keeping investment
Replies: 16
Views: 1538

Re: Student Loan Payoff or Roth IRA

Obviously this is a simplified example, but walk with me through this. Under Pay As You Earn, your minimum payment is based off your prior year's AGI. So for 2014, it's $0. For 2015, it uses your 2014 income which you estimated at $24,000. I used the PAYE calculator on studentloan.gov to get the min...
by jimbojones
Thu Feb 06, 2014 8:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Student Loan Payoff or Roth IRA
Replies: 7
Views: 531

Re: Student Loan Payoff or Roth IRA

Loan forgiveness after 10 years is a very attractive option! Can you give us an estimated salary chart from years 1-10? Or go to the studentloan.gov site and estimate your future minimum payment using their repayment estimator. Using minimum payments, I'd surprised if you paid back more than $100K. ...
by jimbojones
Wed Feb 05, 2014 10:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student Loan Payoff or Roth IRA
Replies: 7
Views: 531

Re: Investing vs. Paying High Interest Student Loans

You can probably get a mortgage for 5% down. I don't see the point of paying down a 4.XX% mortgage when you have 6.5% student loans. Aggressively pay down the student loan if these are your only two options. I'd also reduce your cash on hand down to $20K to pay down the debt. Liquidate your taxable ...
by jimbojones
Tue Jan 28, 2014 9:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing vs. Paying High Interest Student Loans
Replies: 7
Views: 578

Re: If you use credit cards...you are using leverage to inve

My point is that they belong to the same theory. There is an optimal amount of leverage that everyone should utilize and that is depending on your income, your savings rate, your assets, and how well you can stomach magnified gains/losses. IF you are responsible with credit cards...you should utili...
by jimbojones
Tue Jan 21, 2014 8:22 pm
 
Forum: Investing - Theory, News & General
Topic: If you use credit cards...you are using leverage to invest.
Replies: 59
Views: 2763

Re: If you use credit cards...you are using leverage to inve

You are REALLY stretching here, tech. Agreed but the logic still applies. Using a credit card is borrowing the money at 0% interest for 21 days to invest (in a checking account) So once we agree upon that, then we can agree that everyone is borrowing money (or leveraging) to invest. Then, we can ag...
by jimbojones
Tue Jan 21, 2014 7:21 pm
 
Forum: Investing - Theory, News & General
Topic: If you use credit cards...you are using leverage to invest.
Replies: 59
Views: 2763

Re: Only debt left is upside-down mortgage: What next?

jimb: isn't it self-evident that earning 8% while borrowing at 4% will always look good, especially when projected out 30 years? How does it look if you only earn the same rate as the mortgage? And don't forget to pay your tax on your fanciful ending investment balance! The two key factors determini...
by jimbojones
Tue Jan 21, 2014 6:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Only debt left is upside-down mortgage: What next?
Replies: 24
Views: 2246

Re: Evaluate my finances. Young guy.

It's funny. I bet the responses would be much different if the OP said "I'm debt-free, except for my $79K mortgage at 3.XX%." What most people fail to realize is that all debt is leverage. I don't like lending between friends and family, but if both parties are happy and understand the ri...
by jimbojones
Tue Jan 21, 2014 4:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Evaluate my finances. Young guy.
Replies: 56
Views: 5581

Re: Evaluate my finances. Young guy.

It's funny. I bet the responses would be much different if the OP said "I'm debt-free, except for my $79K mortgage at 3.XX%." What most people fail to realize is that all debt is leverage. I don't like lending between friends and family, but if both parties are happy and understand the ris...
by jimbojones
Tue Jan 21, 2014 4:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Evaluate my finances. Young guy.
Replies: 56
Views: 5581

Re: List or omit mortgage balance as liability in net worth?

Your mortgage is a loan, just like any other loan. It may be a secured loan, unlike CC debt or student loans, but it's still just an ordinary loan with standard P&I components. The mortgage is financing your whole life, not just your house. Every dollar you put into your 401K is borrowed, at you...
by jimbojones
Sat Jan 18, 2014 10:41 am
 
Forum: Personal Finance (Not Investing)
Topic: List or omit mortgage balance as liability in net worth?
Replies: 26
Views: 1563

Re: student loan interest

When you're paying down the capitalized interest, does that count as an interest payment? Capitalized interest LOOKS like principal, but I'm wondering how it's treated for tax purposes.
by jimbojones
Fri Jan 17, 2014 6:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: student loan interest
Replies: 19
Views: 1153

Re: Harder to stay the course with Bull than with Bear

During a bull market, your 60/40 portfolio is lagging.

During a bear market, your 60/40 portfolio is leading.

That's what drives my emotional reaction.
by jimbojones
Wed Jan 15, 2014 11:14 am
 
Forum: Investing - Theory, News & General
Topic: Harder to stay the course with Bull than with Bear
Replies: 18
Views: 1701

Re: High Earners - What's Your Profession?

CPA - 200K. I only saw one other one so far... so as a group maybe we're shy or aren't Bogleheads. I'll bet on shy. Def shy. CPA here also. Earn above $100K but would like to earn $200K. Any advice and/or tips? Thanks so much!!! Do you work in private or public accounting? Just curious at what poin...
by jimbojones
Tue Jan 14, 2014 8:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 357
Views: 28955

Re: High Earners - What's Your Profession?

A top MBA degree will almost guarantee that salary (plus six figures worth of student loan debt).
by jimbojones
Sun Jan 12, 2014 12:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 357
Views: 28955

Re: any way to reduce 6.8% interest student loans?

rallycobra wrote:You can float some of it with 0% credit cards. Most will disagree, but it works for me.


How much ($ or %) do you float? I'm intrigued by the idea, but worried about racking up the CC debt and then being unable to refinance with future 0% CCs.
by jimbojones
Thu Jan 02, 2014 8:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: any way to reduce 6.8% interest student loans?
Replies: 23
Views: 1809

Re: any way to reduce 6.8% interest student loans?

[url]sofi.com[/url]

Fixed rates 4.99 - 6.75%
Variable rates 2.92 - 4.92% (capped at 8.95%)

I refinanced my 7.9% GradPLUS loans with them. It was an easy process.
by jimbojones
Thu Jan 02, 2014 1:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: any way to reduce 6.8% interest student loans?
Replies: 23
Views: 1809

Re: Using Credit Card to Invest

I did it once. I had a 0% for 6 months offer on a CC. I bought a block of 100 tickets to a NASCAR race for $105/ea. I sold them for ~$150/ea. Every time I sold a ticket I made a CC payment, so the last 30 tickets were pure profit. I used the money to buy an engagement ring. I think that it cost me ...
by jimbojones
Tue Nov 26, 2013 11:43 pm
 
Forum: Investing - Theory, News & General
Topic: Using Credit Card to Invest
Replies: 32
Views: 2613

Re: Delete Wiki on Tax-Efficient Asset Location

Seems pretty self evident to me that you place the investment with the highest tax rate where it gets the best tax treatment. I have a feeling I am going to get paragraphs back, but I guess I did knock that chip off. Taking your logic to an extreme, you'd put your [imaginary] 0.01% return asset in ...
by jimbojones
Sat Nov 16, 2013 2:53 pm
 
Forum: Investing - Theory, News & General
Topic: Delete Wiki [Article] on Tax-Efficient Asset Location
Replies: 285
Views: 17781

Re: Delete Wiki on Tax-Efficient Asset Location

Seems pretty self evident to me that you place the investment with the highest tax rate where it gets the best tax treatment. I have a feeling I am going to get paragraphs back, but I guess I did knock that chip off. Taking your logic to an extreme, you'd put your [imaginary] 0.01% return asset in ...
by jimbojones
Sat Nov 16, 2013 2:31 pm
 
Forum: Investing - Theory, News & General
Topic: Delete Wiki [Article] on Tax-Efficient Asset Location
Replies: 285
Views: 17781

Re: 401k v. Student Loans - High Starting Salary

1. Refinance the debt (e.g. Sofi.com)
2. Double your emergency fund (including Roth)
3. Max 401k
4. Live like you make $50K/yr
5. Aggressively pay off the debt
by jimbojones
Thu Nov 14, 2013 11:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k v. Student Loans - High Starting Salary
Replies: 46
Views: 3913

Re: large Credit availability via multiple home purchases?

Why not just take the $1M and put a down payment on a $10M house with a $9M mortgage?
by jimbojones
Thu Nov 14, 2013 11:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: large Credit availability via multiple home purchases?
Replies: 8
Views: 600

Re: Splitting Education Expenses between Deduction and Credi

From Tax Topic 513 Educational Expenses: http://www.irs.gov/taxtopics/tc513.html To be deductible, your expenses must be for education that (1) maintains or improves your job skills, or (2) is required by your employer or by law... Although the education must relate to your present work, educational...
by jimbojones
Sun Nov 10, 2013 4:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Splitting Education Expenses between Deduction and Credit
Replies: 9
Views: 578

Re: Splitting Education Expenses between Deduction and Credi

Any insights? I couldn't find anything definitive in the IRS publications.
by jimbojones
Sun Nov 10, 2013 2:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Splitting Education Expenses between Deduction and Credit
Replies: 9
Views: 578

Splitting Education Expenses between Deduction and Credit

Say I had $23,000 in education expenses that were eligible for both the Business Deduction for Work-Related Education (itemized deduction) and the Lifetime Learning Credit (education credit). Could I apply $10,000 (maximum amount) to the Lifetime Learning Credit and $13,000 (the remainder) to the Bu...
by jimbojones
Sat Nov 09, 2013 8:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Splitting Education Expenses between Deduction and Credit
Replies: 9
Views: 578

Re: Advice for 30 year old

You are vulnerable to deflation. I don't think you need more bonds, but when your CD matures I'd consider purchasing longer-term bonds. Or just TBM to keep it simple. An 80/20 stock/bond split should be fine if that's the risk profile you're looking for. Alternatively you could pay off a chunk of th...
by jimbojones
Sat Nov 02, 2013 9:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice for 30 year old
Replies: 7
Views: 678

Re: Advice for 30 year old

$600K in net assets is awesome for a 30 YO. Especially with an income of only $97K per year and PITI payments on a $400K mortgage. Are we getting the whole story? Or is this just a humblebrag?
by jimbojones
Sat Nov 02, 2013 9:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice for 30 year old
Replies: 7
Views: 678

Re: Tax-advantaged investments for the alien

My question is once you move out of the country and your foreign income is not subject to US taxation, would your only US taxable income be the IRA distributions? Edit: if you wait until retirement age to start distributions, there shouldn't be a 10% penalty. Also, if your only US income is from the...
by jimbojones
Tue Oct 29, 2013 8:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax-advantaged investments for the alien
Replies: 5
Views: 420

Re: Am I the only scifi fanatic who thinks that Gravity is l

Oops- I thought this topic was going to be a rant against gravity itself. Carry on.
by jimbojones
Mon Oct 28, 2013 9:28 pm
 
Forum: Personal Consumer Issues
Topic: Am I the only scifi fanatic who thinks that Gravity is lame?
Replies: 102
Views: 5504

Re: Liquidity + Equity

I don't quite get the use of the word "liquidity" here. Stocks are highly liquid, almost certainly more liquid than TIPS, and arguably more liquid than a bank CD. For every single one of, say, the S&P 500 stocks, I best that any one of us, using an ordinary retail brokerage, can be vi...
by jimbojones
Sun Oct 20, 2013 11:01 am
 
Forum: Investing - Theory, News & General
Topic: Liquidity + Equity
Replies: 46
Views: 2683

Re: Liquidity + Equity

How would an accumulator implement this strategy? Include future income as equivalent to a risky bond?
by jimbojones
Sun Oct 20, 2013 9:54 am
 
Forum: Investing - Theory, News & General
Topic: Liquidity + Equity
Replies: 46
Views: 2683

Re: POLL - Big4 Accounting Firm

I know this is an older thread, but I got a full-time offer from a member of the Big 4! I am super excited about starting with them. I was wondering what experiences anyone can share about their time with them and any advice that can be given. I will be starting in a city dominated by Oil and Gas. ...
by jimbojones
Wed Oct 09, 2013 4:22 pm
 
Forum: Personal Consumer Issues
Topic: POLL - Big4 Accounting Firm
Replies: 10
Views: 1883

Re: How to excel in a first time (financial) job.

I know nothing about first FINANCIAL job. I have some idea of what to do for a new job. 1) Volunteer (early and first) whenever a request is made-- particularly when few others want to do something. Then do whatever is asked of you, do it well, and don't complain or suggest how hard you worked to a...
by jimbojones
Tue Oct 08, 2013 9:34 pm
 
Forum: Personal Consumer Issues
Topic: How to excel in a first time (financial) job.
Replies: 7
Views: 830

Re: Your opinion about diversifying a 100% muni-bond portfol

Obviously holding muni bonds in an IRA makes no sense at all. Some taxable income also makes a lot of sense in this situation. With only SS as current taxable income there is a lot of room to fill up in the lower tax brackets. The increase in yield should more than make up for paying 10-15% income t...
by jimbojones
Tue Oct 08, 2013 8:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Your opinion about diversifying a 100% muni-bond portfolio?
Replies: 29
Views: 1783

Re: Advice about campus recruiting?

The best way to determine your market value is to find out what everyone is willing to pay for your services. The best part about job searching on-campus is that you get hundreds of companies lining up to talk to you. There is nothing wrong with looking for a better opportunity than from the interns...
by jimbojones
Thu Sep 19, 2013 8:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Advice about campus recruiting?
Replies: 13
Views: 1326

Re: Time to sell some company stock - sell the biggest winne

The only person that cares which shares you sell is the tax man. Do whatever lets you pay him the least.
by jimbojones
Sun Sep 08, 2013 7:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Time to sell some company stock - sell the biggest winners?
Replies: 16
Views: 800

Re: graduate student loans repayment

Hello, I've done tons of research on this topic because I also had lots of high interest student loans. I found one company (Social Finance) that is refinancing student loans into lower interest rates. They might be an option worth looking at for you two. this is one option I forgot. However, they ...
by jimbojones
Mon Sep 02, 2013 10:13 am
 
Forum: Personal Finance (Not Investing)
Topic: graduate student loans repayment
Replies: 7
Views: 838

Re: Time to abandon a global portfolio?

OP- Is this the conclusion you reached? From the article: The recent strong performance of US stock markets has caused many American investors to feel anxious about international investing and to question the merit of globally diversified portfolios. We believe at some point other global asset class...
by jimbojones
Sun Aug 18, 2013 11:32 am
 
Forum: Investing - Theory, News & General
Topic: Time to abandon a global portfolio?
Replies: 21
Views: 2626

Re: I soooo want to pile in large here...

Don't play imaginary future stock price games with yourself. It sounds like the only reason you think the stock will appreciate is because it has depreciated. No logic there.

The market values ABX at $19.35B. Why do you think it is worth more than that? And why not just buy gold?
by jimbojones
Sun Aug 18, 2013 11:27 am
 
Forum: Investing - Help with Personal Investments
Topic: I soooo want to pile in large here...
Replies: 53
Views: 6072

Re: Does a home mortgage use Simple or Compund Interest?

We really have a failure to communicate here. I think the problem here is one of definition. There really is a difference between interest that is calculated and assessed monthly and interest that compounds monthly, they are not the same. Compound Interest is when the interest is applied to both th...
by jimbojones
Tue Aug 06, 2013 6:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does a home mortgage use Simple or Compund Interest?
Replies: 126
Views: 9505

Re: Does a home mortgage use Simple or Compund Interest?

We really have a failure to communicate here. I think the problem here is one of definition. There really is a difference between interest that is calculated and assessed monthly and interest that compounds monthly, they are not the same. Compound Interest is when the interest is applied to both th...
by jimbojones
Tue Aug 06, 2013 3:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does a home mortgage use Simple or Compund Interest?
Replies: 126
Views: 9505
Next

Return to advanced search