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Re: POLL: Would you rather work half as long or half as ofte

backpacker wrote:Interestingly, the poll started out radically lopsided in favor of half-time for a full career. The numbers have been converging on 50-50 ever since.


Perhaps the early responders were those working 'half-time' and spending 'half-time' on the internet. :P
by kenyan
Tue Sep 30, 2014 11:55 am
 
Forum: Personal Consumer Issues
Topic: POLL: Would you rather work half as long or half as often?
Replies: 68
Views: 3735

Re: Those under 35 with a child 5 or under: Costs of child?

I'm 36 as of 2 months ago, with a toddler. Sorry I can't be helpful. I am equally unhelpful, as I am 36 with a preschooler and a toddler. However, as a data point for those who think that perhaps the costs of the kid are related more to the kid than whether or not the parents are a couple years old...
by kenyan
Tue Sep 30, 2014 11:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Those under 35 with a child 5 or under: Costs of child?
Replies: 50
Views: 2946

Re: need for a backup credit card?

There are a few reasons I can think of that you might want a backup. 1. Fraud/security problems rendering your card unusable for a time. 2. Shopping at locations that don't accept Visa (few and far between, but Sam's Club is one for example) 3. Maximizing cash back - 2% is good, but there are certai...
by kenyan
Mon Sep 29, 2014 5:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: need for a backup credit card?
Replies: 25
Views: 841

Re: POLL: Would you rather work half as long or half as ofte

For me, financial independence ASAP is the priority. There's really no difference between full-time work and half-time work. It's still work, and you're not free. I can't wait to be free of the need to work, and as a bonus, I can get out of this $#!%hole of a city I'm stuck in at the moment. Me too...
by kenyan
Mon Sep 29, 2014 4:04 pm
 
Forum: Personal Consumer Issues
Topic: POLL: Would you rather work half as long or half as often?
Replies: 68
Views: 3735

Re: Rewards credit card advice

I realize that this issue has been discussed at length before, but I cannot find a thread with definitive answer.. For the FIA/BofA issued fidelity Investment rewards Amex card, is the extended warranty, car rental insurance, etc still handled by Amex Assurance? I have applied for warranty twice wi...
by kenyan
Sat Sep 27, 2014 7:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rewards credit card advice
Replies: 66
Views: 13610

Re: Home Affordability [check my calculations]

Well, I suppose it was good of you to follow up with your decisions. It's unlikely you'll find any support on this board for the financial choices you've made, but you already know that. Those types of decisions are what lead high-income people to complain that they're just barely keeping afloat, an...
by kenyan
Sat Sep 27, 2014 7:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home Affordability [check my calculations]
Replies: 85
Views: 5578

Re: Housing Market

Nobody knows where house prices are going. 5 to 6 times income is pretty darn steep, though, and your friend needs to look at his individual affordability rather than trying to guess the direction of prices. Rules of thumb get you into the ballpark, but you need to examine your individual situation/...
by kenyan
Thu Sep 25, 2014 10:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Housing Market
Replies: 4
Views: 584

Re: Is it bad to put 23k a yr in retirement if I only make 4

Hello, Thank you for all the follow-up it has been really helpful and me and my fiancée read over all of these together. If I could just ask an additional question. It seems like we shouldn't necessarily have 60k in our checking account. What are we supposed to do with it? The checking it is in now...
by kenyan
Thu Sep 25, 2014 9:52 am
 
Forum: Investing - Help with Personal Investments
Topic: Is it bad to put 23k a yr in retirement if I only make 42k?
Replies: 29
Views: 3543

Re: Car buying/leasing...

Perhaps the time of year when the new model year is about to arrive, and the dealers need to clear space on the lot.
by kenyan
Wed Sep 24, 2014 6:17 pm
 
Forum: Personal Consumer Issues
Topic: Car buying/leasing...
Replies: 6
Views: 552

Re: Is it bad to put 23k a yr in retirement if I only make 4

As others have noted, I wouldn't necessarily place a nice round number goal in your 401k as your milestone for getting pregnant. Starting a family doesn't necessarily happen on the timeline you want it to, and delaying that due to financial goals might not be the best plan. Without giving too many d...
by kenyan
Tue Sep 23, 2014 5:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is it bad to put 23k a yr in retirement if I only make 42k?
Replies: 29
Views: 3543

Re: First Time Home Buyer dilemma in SoCal

Hello Bogleheads: I am hoping you might be able to shine light on my goal on getting in the pool of home ownership as a first time home buyer...I am struggling with finding the best course of action on the path of investment. Please help. Background: My husband and I have been renting in Los Angele...
by kenyan
Mon Sep 22, 2014 6:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: First Time Home Buyer dilemma in SoCal
Replies: 38
Views: 3281

Re: What can I do next?

I wanted to know what you think about my situation and where I should go from here when it comes to my finances. I max out my ROTH IRA and add some money to Vanguard total stock market index sometimes but I don’t know what to do with the rest of my money. I live my life to the fullest. I am have be...
by kenyan
Mon Sep 22, 2014 11:54 am
 
Forum: Personal Finance (Not Investing)
Topic: What can I do next?
Replies: 5
Views: 712

Re: How to achieve a balance between "saving" and "living"?!

My cautionary tale. My husband and I got married and had children early. Since we didnot save for retirement in our 20's, heck there was no such thing as Ira's or 401ks when we were 20, we went crazy in the savings mode. No vacations, no dinners out nothing. Fast forward to last year and my husband...
by kenyan
Sat Sep 20, 2014 3:33 pm
 
Forum: Personal Consumer Issues
Topic: How to achieve a balance between "saving" and "living"?!
Replies: 64
Views: 6531

Re: We have a grocery problem... [Household budget]

Maybe you should go out to eat more often? Or do take out. It might be cheaper. For us, Chinese takeout is about $30, but we don't eat everything at one meal. The $30 would be 6 adult meals. We dine in our favorite Tex-Mex place and not counting margaritas, $30 with a to-go box would be $30 and als...
by kenyan
Sat Sep 20, 2014 3:27 pm
 
Forum: Personal Consumer Issues
Topic: We have a grocery problem... [Household budget]
Replies: 158
Views: 10583

Re: How to achieve a balance between "saving" and "living"?!

As for really wanting something that would cut years off of my retirement, I had kids. :happy
by kenyan
Fri Sep 19, 2014 6:12 pm
 
Forum: Personal Consumer Issues
Topic: How to achieve a balance between "saving" and "living"?!
Replies: 64
Views: 6531

Re: How to achieve a balance between "saving" and "living"?!

There's no easy answer; it really depends upon you. This is a frequent concern around here, as the forum is filled with super-savers. Here's a recent thread: http://www.bogleheads.org/forum/viewtopic.php?f=2&t=140344 One good thing is that you are truly ahead of the game. Very few people take re...
by kenyan
Fri Sep 19, 2014 6:11 pm
 
Forum: Personal Consumer Issues
Topic: How to achieve a balance between "saving" and "living"?!
Replies: 64
Views: 6531

Re: We have a grocery problem...

Family of 4 in a HCOLA. We are averaging about $700/month for groceries, and $125/month for restaurants. That's 100% food, though; I break out household sundries separately. Kids are young and don't eat that much, but still cost a fair amount due to the amount of fresh produce/fruit they consume. We...
by kenyan
Fri Sep 19, 2014 5:01 pm
 
Forum: Personal Consumer Issues
Topic: We have a grocery problem... [Household budget]
Replies: 158
Views: 10583

Re: Buy PCRIX today?

Crossed a rebalancing band, you should buy. Sounds like you also need to examine your IPS. What is the reason you allocated 5% to commodities? Has that reason changed? If not, then you're just performance chasing. Hopefully, the reason was not that you expected consistently great performance from th...
by kenyan
Fri Sep 19, 2014 4:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buy PCRIX today?
Replies: 31
Views: 2607

Re: Most cost effective means of protecting physical assets

An alarm system from ADT will cost about $50 a month for two years. This includes monitoring and paying down the cost of the hardware. After that you pay for monitoring alone, which is like $30 per month. You get a homeowners insurance deduction, the value of which I forget. I don't think the econo...
by kenyan
Fri Sep 19, 2014 4:23 pm
 
Forum: Personal Consumer Issues
Topic: Most cost effective means of protecting physical assets
Replies: 50
Views: 3988

Re: 41 y.o. asking for portfolio advice

Why are you investing in as roth 401k? At your tax rates, a trad 401k is a no-brainer? I think the OP is saying the 401k is traditional to 17.5k + match, with the additional amount up to $52k in an after-tax savings option converted to Roth via the "Mega-Backdoor Roth." If your first 17.5...
by kenyan
Thu Sep 18, 2014 3:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: 41 y.o. asking for portfolio advice
Replies: 4
Views: 922

Re: The boglehead way to buy furniture

IKEA. Their cheap stuff is good enough for storage and spare bedrooms. And their better stuff is every bit is as good as normal mid-range furniture at about half the price. IKEA furniture has essentially zero resale value. That's not to say it's bad, it's just to say it's disposable. We were sad to...
by kenyan
Thu Sep 18, 2014 3:25 pm
 
Forum: Personal Consumer Issues
Topic: The boglehead way to buy furniture
Replies: 56
Views: 4970

Re: OBi110 -or- Ooma Telo for home phone service?

911 capability was very important to us (cell phone reception was not good at our previous apartment, and we have young children), so we went with Ooma. I gather that you can now pay a fee to get E911 via Obi. We're very happy with our Ooma at $4/month. Doesn't matter to you now that you've made you...
by kenyan
Thu Sep 18, 2014 3:21 pm
 
Forum: Personal Consumer Issues
Topic: OBi110 -or- Ooma Telo for home phone service?
Replies: 33
Views: 1130

Re: Low down payment and invest or big down payment?

Don't waste money on PMI. Once you're over 20%, it's really up to you. A more risk-averse person certainly could do fine by eliminating/avoiding debt. I wouldn't give up tax-advantaged space (and/or the ability to utilize one's tax-advantaged space) to do it.
by kenyan
Thu Sep 18, 2014 3:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Low down payment and invest or big down payment?
Replies: 7
Views: 1031

Re: Pfau: Valuation-based market timing improves returns

What was concluded - was Pfau right or not? Or did we end up with the usual opinions and call it a draw? Don't know that there was a conclusion, just differing points of view. I do know that the OP, after much discussion in the thread, did not implement the plan (he disappeared from the forums for ...
by kenyan
Thu Sep 11, 2014 6:51 pm
 
Forum: Investing - Theory, News & General
Topic: Pfau: Valuation-based market timing improves returns
Replies: 6
Views: 1192

Re: Should I break my CD at Ally and get a new one's ?

Downside - you're going to make very little extra money off of this, and you're trading in a 60 day early withdrawal penalty for a 6 month early withdrawal penalty . What if CDs go up to 3% next year, or the next, or the next? That extra EWP will more than wipe out your gains. Back-of-the-envelope s...
by kenyan
Thu Sep 11, 2014 5:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I break my CD at Ally and get a new one's ?
Replies: 14
Views: 1839

Re: Why don't the LifeStrategy funds have Admiral Status??

I've always thought there was no gap; that the ER was a direct prorating of the constituent funds. It is. Just look under "Fund Holdings" to see the funds held. So I just did a quick spreadsheet calc with Life StrategyGrowth VASGX which has a stated ER of 0.1700% I calculated a prorated E...
by kenyan
Thu Sep 11, 2014 2:03 pm
 
Forum: Investing - Theory, News & General
Topic: Why don't the LifeStrategy funds have Admiral Status??
Replies: 17
Views: 1346

Re: Why don't the LifeStrategy funds have Admiral Status??

I would GUESS they use the gap in fees to pay for the extra overhead of the fund, since it's a fund of funds....... Do they show what exactly the fund invests in?... Do they use the institutional share class of the base funds?? I've always thought there was no gap; that the ER was a direct proratin...
by kenyan
Thu Sep 11, 2014 1:10 pm
 
Forum: Investing - Theory, News & General
Topic: Why don't the LifeStrategy funds have Admiral Status??
Replies: 17
Views: 1346

Re: Why don't the LifeStrategy funds have Admiral Status??

Their funds-of-funds use Investor Shares. The minor exception is that they use their TBM 2 fund rather than TBM, which carries lower expenses and can't be invested with directly.
by kenyan
Thu Sep 11, 2014 1:03 pm
 
Forum: Investing - Theory, News & General
Topic: Why don't the LifeStrategy funds have Admiral Status??
Replies: 17
Views: 1346

Re: Pfau: Valuation-based market timing improves returns

Very long discussion of this topic/publication here, assuming it's the same work (didn't check to make sure, but the title is the same):

viewtopic.php?f=10&t=75585&newpost=1484011
by kenyan
Thu Sep 11, 2014 1:01 pm
 
Forum: Investing - Theory, News & General
Topic: Pfau: Valuation-based market timing improves returns
Replies: 6
Views: 1192

Re: Why did REITs drop today?

Diversification. Sounds fine to me. They've had plenty of days this year of shooting up when the market was tame or down.
by kenyan
Thu Sep 11, 2014 12:54 pm
 
Forum: Investing - Theory, News & General
Topic: Why did REITs drop today?
Replies: 26
Views: 4108

Re: Historical DCA returns for mutual funds

There are extra variables that can't be covered easily by a website; it depends upon what that individual's starting investment is, as well as the rate at which the money is coming in. To cut it even finer, it would also need the specific contribution dates for each period. The only real answer for ...
by kenyan
Wed Sep 10, 2014 3:46 pm
 
Forum: Investing - Theory, News & General
Topic: Historical DCA returns for mutual funds
Replies: 1
Views: 195

Re: Should I care about large cap value?

If you are looking for HML factor loading, RPV Guggenheim S&P 500 Pure Value might be a good option. Higher loading than DFLVX actually, pretty low expenses, and a much more impactful Large Value allocation than VIVAX. I currently own VIVAX, and certainly have no plan to spend money on an advis...
by kenyan
Wed Sep 10, 2014 12:27 pm
 
Forum: Investing - Theory, News & General
Topic: Should I care about large cap value?
Replies: 17
Views: 1201

Re: How much value can an advisor add for the average invest

Certainly, many people can benefit. However, if we are discussing the average investor, shouldn't we also discuss the average adviser? The majority of people in the field are salespeople first and foremost. I'm not sure how many of those would be performing the valuable services being discussed.
by kenyan
Wed Sep 10, 2014 11:11 am
 
Forum: Investing - Theory, News & General
Topic: How much value can an advisor add for the average investor?
Replies: 71
Views: 4725

Re: Should I care about large cap value?

If you are looking for HML factor loading, RPV Guggenheim S&P 500 Pure Value might be a good option. Higher loading than DFLVX actually, pretty low expenses, and a much more impactful Large Value allocation than VIVAX. I currently own VIVAX, and certainly have no plan to spend money on an adviso...
by kenyan
Wed Sep 10, 2014 10:43 am
 
Forum: Investing - Theory, News & General
Topic: Should I care about large cap value?
Replies: 17
Views: 1201

Re: "Why 97% of People Don't Use 529 College Savings Plans."

California does not offer a state tax benefit. However, due to state taxes our (long-term) capital gains tax rate for those in the 25% federal bracket is more on the order of 23-25% than the 15% many others pay.
by kenyan
Wed Sep 10, 2014 10:25 am
 
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 110
Views: 10555

Re: What's the riskiest Bogleheadish asset?

One's personal residence could be the riskiest asset, depending upon your definition. Extreme concentration of capital/lack of diversification, with far more adverse consequences for many people in the latest crash than the charted assets being discussed above.
by kenyan
Wed Sep 10, 2014 10:10 am
 
Forum: Investing - Theory, News & General
Topic: What's the riskiest Bogleheadish asset?
Replies: 81
Views: 7101

Re: So, when does a market timer get back in?

Laughing at market timers seems to be popular here, but the answer to the question posed in the subject line is simple. A proper technical trading system tells you when to enter and when to exit. If your strategy is to own stocks when the S&P is above its 200-day moving average, the price cross...
by kenyan
Mon Sep 08, 2014 11:44 am
 
Forum: Investing - Theory, News & General
Topic: So, when does a market timer get back in?
Replies: 54
Views: 5533

Re: Market at a all time high ( Sept 2014) , time to cash ou

In the 15% bracket the taxes would be zero. Money from stock sale would go into current bond funds paying 2-3 %. No loss of income if fact may make a little more income. If anything the large capital gain is eating a hole in my pocket. If your large capital gain is your concern, address your concer...
by kenyan
Fri Sep 05, 2014 11:02 am
 
Forum: Investing - Help with Personal Investments
Topic: Market at a all time high ( Sept 2014) , time to cash out?
Replies: 49
Views: 3760

Re: POLL: What was the first stock you ever bought?

36 years old, and I've never bought or owned (directly) a share of stock. I suppose I should try it out at some point, but I don't have a 'play money' allocation and don't intend on adding one in the near future.
by kenyan
Fri Sep 05, 2014 10:51 am
 
Forum: Investing - Theory, News & General
Topic: POLL: What was the first stock you ever bought?
Replies: 74
Views: 2860

Re: FL Prepaid , 529, or side account

Taxable makes sense over the 529 in my mind for your case. No state tax, no capital gains tax, and no restrictions on your investments and capital.

Personally, I'd probably go taxable over the prepaid plan as well, but I can see an argument for trying that out.
by kenyan
Fri Sep 05, 2014 9:54 am
 
Forum: Personal Finance (Not Investing)
Topic: FL Prepaid , 529, or side account
Replies: 2
Views: 196

Re: "Vanguard 529 College Savings Plan cuts costs (again)"

I have some money with New York for that sweet 0.17% ER, but it's always worth remembering that California's plan became more competitive with its switch to TIAA-CREF: Index U.S. Equity Investment Portfolio (TSM): 0.12% Index U.S. Large Cap Equity Investment Portfolio (S&P 500): 0.11% Index Int...
by kenyan
Thu Sep 04, 2014 10:48 am
 
Forum: Investing - Theory, News & General
Topic: "Vanguard 529 College Savings Plan cuts costs (again)"
Replies: 16
Views: 1488

Re: Rewards credit card advice

I wonder if any of you have calculated the value of airline miles earned and redeemed versus a cash back reward? I feel like I can rarely use my miles unless I pay more of them or change the days I fly., which affects net cost of leisure travel. If I spend about 50k a year on a two percent cash bac...
by kenyan
Thu Sep 04, 2014 10:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Rewards credit card advice
Replies: 66
Views: 13610

Re: Rewards credit card advice

I too highly recommend the Sallie Mae Mastercard for gas, groceries, and bookstores (where Amazon counts as a bookstore). 5% on the first $250/250/750 per month in those categories. No annual fee, and you don't need a Sallie Mae loan to apply or redeem - redemptions can be statement credits. Intere...
by kenyan
Wed Sep 03, 2014 3:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rewards credit card advice
Replies: 66
Views: 13610

Re: Rewards credit card advice

One additional tip - use online shopping portals for cash back as well. ShopDiscover often has 5-10% additional cash back on stores you already planned to buy things at. Around the holidays, with 5% Discover category reward + 5-10% ShopDiscover, this can really add up. If not there, try FatWallet an...
by kenyan
Wed Sep 03, 2014 3:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rewards credit card advice
Replies: 66
Views: 13610

Re: "Vanguard 529 College Savings Plan cuts costs (again)"

dickenjb wrote:Now they are only 2 bps more expensive than the NY plan, which also uses Vanguard funds.


Only the age-based options, it seems. Interesting that it costs more to select your own funds.

Nevertheless, this is all in the direction of goodness. Keep those low cost pressures up!
by kenyan
Wed Sep 03, 2014 11:26 am
 
Forum: Investing - Theory, News & General
Topic: "Vanguard 529 College Savings Plan cuts costs (again)"
Replies: 16
Views: 1488

Re: Help: I've been chasing returns

My AA is currently 100% stocks My 2013 returns were phenomenal (25.5%) To put things in perspective - you think your 2013 returns were phenomenal, but that's just the sort of thinking that keeps active managers fat and happy. Your 2013 returns were actually horrifically bad, considering your asset ...
by kenyan
Tue Sep 02, 2014 6:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help: I've been chasing returns
Replies: 12
Views: 1580

Re: Saving for Down Payment

I tend to be one of the voices in support of a more aggressive asset allocation for down payment savings than is generally recommended on this forum. Most people will say that "stocks are not appropriate for a goal less than (5-10) years; you should be in money markets/cash, CDs only." I g...
by kenyan
Tue Sep 02, 2014 6:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Saving for Down Payment
Replies: 11
Views: 920

Re: Two Roth IRAs - New Millenium Fund vs. Admiral shares

I'm a 23 year old who is new to investing and I want to make sure I start off on the right foot. I have a Roth IRA with Fidelity and it currently holds ~3700. I am willing to take risk and I have been buying shares of the New Millenium fund because I believe in the Top 10 holdings of the fund. The ...
by kenyan
Tue Sep 02, 2014 1:25 pm
 
Forum: Investing - Theory, News & General
Topic: Two Roth IRAs - New Millenium Fund vs. Admiral shares
Replies: 1
Views: 245

Re: E

If you believe in warning signs, the dot-com crash had those warning signs blaring starting in 1995 or so. The entire chart you posted is therefore meaningless, since you were mostly in bonds for that period. The truth is that there are always warning signs; it's only in retrospect that we know whi...
by kenyan
Tue Sep 02, 2014 1:04 pm
 
Forum: Investing - Theory, News & General
Topic: Why invest in bonds?
Replies: 103
Views: 6307

Re: Why invest in bonds?

If you believe in warning signs, the dot-com crash had those warning signs blaring starting in 1995 or so. The entire chart you posted is therefore meaningless, since you were mostly in bonds for that period. The truth is that there are always warning signs; it's only in retrospect that we know whic...
by kenyan
Tue Sep 02, 2014 10:17 am
 
Forum: Investing - Theory, News & General
Topic: Why invest in bonds?
Replies: 103
Views: 6307
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