Search found 512 matches

by nimo956
Tue Jun 30, 2015 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Obsessing towards zero balance on credit card.
Replies: 125
Views: 6173

Re: Obsessing towards zero balance on credit card.

I pay my CC off early all the time. I reason that once I see the money leave my bank account I'm less likely to charge more/impulse buy. It helps keep my spending in check.
by nimo956
Fri Jun 19, 2015 1:36 pm
Forum: Investing - Help with Personal Investments
Topic: Investing 11 Million Dollar Gift
Replies: 80
Views: 11989

Re: Investing 11 Million Dollar Gift

I can't believe all the recommendations to pay AUM fees. All you need is three funds: Total US Stock Market (over 3k different stocks) Total Intl Stock Market (over 9k different stocks) Intermediate-term Muni Fund (or a state muni fund, depending upon where you live and whether you pay state income ...
by nimo956
Wed Jun 17, 2015 8:17 am
Forum: Personal Consumer Issues
Topic: Best "All Around Lens" for Nikon DSLRs?
Replies: 105
Views: 7942

Re: Best "All Around Lens" for Nikon DSLRs?

Forget about zoom lenses that try to do it all. They typically have variable apertures which greatly limit your ability to get sharp handheld exposures, unless you are in broad daylight. Also, you will come to realize that you really only use the shortest or longest focal length with the zoom lens, ...
by nimo956
Fri May 22, 2015 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Are we doing enough?
Replies: 7
Views: 989

Re: Are we doing enough?

No where in your post did you mention your projected annual expenses in retirement. Have you gone through this exercise? Will your pension income be enough or will you need to supplement it by drawing down your savings?
by nimo956
Tue May 12, 2015 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Vintage guitars near LA
Replies: 8
Views: 603

Re: Vintage guitars near LA

Guitar Salon for handmade classical and flamenco guitars.

http://www.guitarsalon.com/store/newarrivals.php
by nimo956
Wed Apr 29, 2015 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: 25 Y/O - where to put surplus money
Replies: 10
Views: 1497

Re: 25 Y/O - where to put surplus money

JstSomeGuy wrote:New annual Contributions
- 22% of salary into 401(k). Company matches 50% up to the IRS maximum. 22.5% would max me out but Fidelity won't allow decimals in the contribution amount.


Change this to 23%. Most companies stop you from going over the $18k limit.
by nimo956
Tue Apr 28, 2015 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Take Two. New complicated member needs help in several areas
Replies: 37
Views: 2364

Re: Take Two. New complicated member needs help in several a

You are comparing your current marginal rate with your future average rate. Your marginal rate now is the rate at which your last dollar is taxed. For a high earner, every 401k dollar contributed is in the highest bracket (39.6%+). In retirement, however, you have to 'fill up' the lower tax bracket...
by nimo956
Mon Apr 27, 2015 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Help getting rid of debt
Replies: 56
Views: 3647

Re: Help getting rid of debt

I meant to add that when you are looking at your budget there will be easy and hard things to cut. If you order your expenses by amount, you'll likely find that the "hard" things you don't want to cut are your largest expenses, like housing, car, etc. Savings $2 a day by making your own co...
by nimo956
Mon Apr 27, 2015 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Help getting rid of debt
Replies: 56
Views: 3647

Re: Help getting rid of debt

I'm not sure where you live, but have you thought of selling your house and moving closer to work (like 10 min drive away)? A 70 mile commute sounds brutal to me.
by nimo956
Tue Apr 21, 2015 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Single best piece of personal finance advice ever received?
Replies: 90
Views: 7541

Re: Single best piece of personal finance advice ever receiv

High school kids won't care about financial planning because they are 5+ years away from having their first real job. What I would have found helpful would be to show a list of professions with starting and mid-level salary. Then link specific majors/fields of study with those career paths. Aim high...
by nimo956
Tue Apr 21, 2015 11:02 am
Forum: Personal Finance (Not Investing)
Topic: What's your average monthly expense???
Replies: 85
Views: 8749

Re: What's your average monthly expense???

Monthly Budget Retirement Savings: $2208 Rent: $1205 Dental/Medical: $183 Utilities + Internet: $110 Gas: $70 Disability/Renter's Insurance: $111 Groceries: $220 Haircut: $20 I'm single and living in Boston, MA. Everything above is a required monthly expense. I don't really track discretionary spend...
by nimo956
Fri Apr 17, 2015 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Stocks are on sale, should I buy?
Replies: 54
Views: 6191

Re: Stocks are on sale, should I buy?

I'm sorry everyone. I had a few $k lying around the other day so I decided to buy VTI and VXUS yesterday. My bad :(
by nimo956
Tue Apr 07, 2015 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 19062

Re: Cost of College & Weighing the Merits of Top Schools

I would say if a kid is successful, they will be successful no matter where they go. However, being in one of the top schools does give you a leg up over students at other schools. An average student at a top school is going to be better off than an average student in an average school. The field o...
by nimo956
Wed Apr 01, 2015 11:52 am
Forum: Personal Consumer Issues
Topic: Use work phone as primary phone?
Replies: 13
Views: 728

Use work phone as primary phone?

Im finally getting a company iphone, fully paid for by work. Im wondering if it's wise to also use this as my personal phone. I'd really love to cancel my plan with ATT and save $50 per month. What are the downsides, if any?
by nimo956
Thu Mar 26, 2015 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: New job, trying to setup my 401(k)
Replies: 11
Views: 977

Re: New job, trying to setup my 401(k)

Your best options are likely: Vanguard 500 Vanguard Mid Cap Vanguard Small Cap I personally do something like 70% 500 Index, 30% Small Cap to approximate the Total Stock Market. I'm unfamiliar with your bond options, but if you choose to include bonds in your portfolio, I'd pick the one with the low...
by nimo956
Wed Mar 25, 2015 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: Treasuries vs. Treasury Funds?
Replies: 6
Views: 872

Re: Treasuries vs. Treasury Funds?

There's no expense ratio when you buy regular treasuries. Also, at Vanguard at least, there is no commission to buy and sell.
by nimo956
Thu Mar 19, 2015 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for good friend
Replies: 38
Views: 3656

Re: Advice for good friend

Have you misinterpreted that this adviser has control over her savings and checking account? That would be highly unusual, and I'd consider it unethical too. The far more likely scenario would be that she chooses to allocate a certain % of her paycheck to a 401k, and he tells her which funds that mo...
by nimo956
Wed Mar 18, 2015 12:09 pm
Forum: Investing - Theory, News & General
Topic: Robinhood Investing App
Replies: 13
Views: 1755

Re: Robinhood Investing App

While I don't trade much at all, I think eliminating made up trading fees that don't actually cost the brokerage anything is a good thing. This is just another example of competition lowering costs for the consumer.
by nimo956
Tue Mar 17, 2015 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Got a promotion, but still need to discuss salary
Replies: 9
Views: 1408

Re: Got a promotion, but still need to discuss salary

HomerJ wrote:(Unless you started at $20k 6 years ago).


The entry level starting salary was low 6 years ago (though not that low). This could be my opportunity to significantly increase my earnings. It seems that the consensus though is to just accept what is offered.
by nimo956
Tue Mar 17, 2015 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Got a promotion, but still need to discuss salary
Replies: 9
Views: 1408

Got a promotion, but still need to discuss salary

My former manager accepted a new position in a different department. His manager submitted a proposal to have me promoted, and take on the responsibilities of my old boss. I was informed today that the promotion was approved by the senior leadership, and that he is now discussing it with HR. I feel ...
by nimo956
Fri Mar 13, 2015 5:52 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for New Investor w/ Tons of Graduate Debt
Replies: 33
Views: 3354

Re: Advice for New Investor w/ Tons of Graduate Debt

I have no experience with them, but others have mentioned to look into SoFi to consolidate your loans at a lower rate. Do some searches on this board to see about the company (and others). Also make sure you understand what benefits you may give up by consolidating, like any loan forgiveness options.
by nimo956
Fri Mar 13, 2015 11:47 am
Forum: Investing - Theory, News & General
Topic: The Permanent Portfolio as an accumulation portfolio
Replies: 24
Views: 3553

Re: The Permanent Portfolio as an accumulation portfolio

Just for a point of reference, what was the compound annual return and max DD of a 100% stock portfolio with an accumulator investing equal amounts each year starting in 1972?
by nimo956
Mon Mar 09, 2015 11:50 am
Forum: Personal Consumer Issues
Topic: Best Classical Music Box Sets?
Replies: 31
Views: 2977

Re: Best Classical Music Box Sets?

While this may not make sense economically, I would recommend NOT buying any of the huge box sets. There is often too much material to listen to anyway. I think a more focused approach is more rewarding. Find out which pieces you like (either by listening on YouTube or seeing what people recommend b...
by nimo956
Fri Mar 06, 2015 4:48 pm
Forum: Personal Consumer Issues
Topic: Adult Music Lessons
Replies: 30
Views: 2491

Re: Adult Music Lessons

I would absolutely get lessons from a teacher rather than try to learn on your own. A good teacher will not only give you a proper foundation, but will also provide focus and discipline. When it's your own money that you're spending each week, you make sure to practice. It will probably take several...
by nimo956
Sun Mar 01, 2015 10:41 am
Forum: Personal Consumer Issues
Topic: Selling multi-family - Push to Waive Inspection?
Replies: 23
Views: 1563

Re: Selling multi-family - Push to Waive Inspection?

Do you know if he is planning to gut the whole house and rebuild from scratch? If so, it's possible he might not care about an inspection. Maybe look at some of his other properties to see if that's what he does.
by nimo956
Tue Feb 24, 2015 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: How to compute my retirement amount, and am I saving enough?
Replies: 66
Views: 3798

Re: How to compute my retirement amount, and am I saving eno

Do you use budgeting software like Mint to track your current expenses? This is about as complicated as I make it: I spend $25k per year now. I want to have a slightly nicer retirement with a few trips, hobbies, etc, so let's say I want to target $40k per year. Using the rough 4% rule, I'd need $40k...
by nimo956
Tue Feb 24, 2015 11:26 am
Forum: Investing - Help with Personal Investments
Topic: How to compute my retirement amount, and am I saving enough?
Replies: 66
Views: 3798

Re: How to compute my retirement amount, and am I saving eno

I think you'd feel better if you start maxing out your 401k and IRA ($18k + $5.5k = $23.5k per year). I don't know what your budget or COL is like, but I think that this should be an attainable goal on your salary. Start by committing to save that amount and then re-work your budget to see what you ...
by nimo956
Mon Feb 23, 2015 11:16 am
Forum: Personal Consumer Issues
Topic: Who's going to Disney this summer?
Replies: 84
Views: 5983

Re: Who's going to Disney this summer?

A coworker of mine told me the funniest story. He took his two sons, who were quite young, to Disneyworld one year, spending a small fortune. When he asked his son what his favorite part of the trip was, he said, "The slide." He was talking about the slide in their backyard playground!!! I...
by nimo956
Fri Feb 20, 2015 1:27 pm
Forum: Personal Consumer Issues
Topic: Pick-Pockets
Replies: 63
Views: 6123

Re: Pick-Pockets

I never had my wallet stolen, but I did fall victim to a taxi scam while in Rome. I had just taken a train from Florence and while the hotel seemed close by on the map, I thought I'd take a taxi so I didn't have to lug my suitcase around. My first clue should have been the fact that two taxi drivers...
by nimo956
Fri Feb 20, 2015 9:54 am
Forum: Investing - Theory, News & General
Topic: Two Hedge Fund Managers Walk into a Bar...
Replies: 10
Views: 1879

Re: Two Hedge Fund Managers Walk into a Bar...

Someone ought to fact-check that, though. Hmmm... it appears that the Gulfstream V may have been superseded by the Gulfstream 550, that (movie director) Peter Jackson bought a new one for $68 million, and that good used ones are available for $18 million... A true Boglehead buys his Gulfstream 3-5 ...
by nimo956
Wed Feb 18, 2015 10:16 am
Forum: Investing - Help with Personal Investments
Topic: Which 401k option should I switch to? Should I stay put?
Replies: 17
Views: 940

Re: Which 401k option should I switch to? Should I stay put?

The target retirement fund is probably fine, but I just prefer to be in control over my allocation. For that reason, I would personally use the following funds in whatever proportion matched my desired asset allocation: S&P 500 Index Fund (Annual Gross Expense Ratio 0.02%) US Extended Equity Mar...
by nimo956
Fri Feb 06, 2015 4:45 pm
Forum: Personal Consumer Issues
Topic: Boston Must See Sites and Bites
Replies: 51
Views: 2846

Re: Boston Must See Sites and Bites

1. The MFA and Isabella Stewart Garner Museum are both very good (and right next to each other) 2. See the Boston Symphony if you can. You didn't mention your age, but if you are both under 40, then you can get $20 tickets for any seat but the most expensive (on certain dates). The code to use is 20...
by nimo956
Wed Feb 04, 2015 11:48 pm
Forum: Personal Consumer Issues
Topic: Looking for a DSLR that will allow me to get fairly serious.
Replies: 118
Views: 7280

Re: Looking for a DSLR that will allow me to get fairly seri

First, I would choose which lenses you want. I'd recommend sticking with prime lenses (no zoom) because you will realize how great it is to have a large aperture (and they are lighter). This allows you to more easily take pictures in low light without the need for a tripod. When in doubt, pick the l...
by nimo956
Mon Feb 02, 2015 10:19 am
Forum: Personal Consumer Issues
Topic: Tripod for digital SLR
Replies: 13
Views: 788

Re: Tripod for digital SLR

I use a Ries tripod for my camera. It's cheaper b/c it's made of wood, but it's also heavier than carbon fiber, which makes it a pain to carry around. On the plus side it's incredibly sturdy.

http://www.riestripod.com
by nimo956
Wed Jan 14, 2015 12:23 pm
Forum: Investing - Theory, News & General
Topic: What was your costliest investment mistake?
Replies: 138
Views: 15058

Re: What was your costliest investment mistake?

When I first started investing 5 years ago, I constantly second-guessed my AA and switched strategies roughly every year (despite having found this board). You really need the experience and confidence to believe in what you've chosen, and understand why you've chosen it. That makes it easier to res...
by nimo956
Tue Dec 30, 2014 9:36 pm
Forum: Personal Consumer Issues
Topic: Getting Traditional Film Developed
Replies: 23
Views: 2392

Re: Getting Traditional Film Developed

I'm not sure where you're located, but you should look for specialty stores that cater to artists making prints for gallery exhibitions. That's how I found a place to get my 4x5 film developed. I live in a major city, and there are actually several nearby from which to choose. If you're still stuck,...
by nimo956
Fri Dec 05, 2014 11:19 am
Forum: Investing - Theory, News & General
Topic: An intriguing gold/silver play: Central Fund of Canada
Replies: 13
Views: 1064

Re: An intriguing gold/silver play: Central Fund of Canada

On April 15th 2013, gold fell like 10% in a single day. From that day forward, CEF and GTU have been selling at a discount instead of a premium. I'm not sure why, over 1.5 years later, they are still selling at a discount. If you thought then that you could make a quick buck by waiting for the funds...
by nimo956
Fri Nov 28, 2014 11:03 am
Forum: Personal Consumer Issues
Topic: Buying a Computer. Need recommendations.
Replies: 52
Views: 5541

Re: Buying a Computer. Need recommendations.

Have you considered getting a tablet? My iPad replaces 90% of the work I do on my computer. All my music and photos are stored in the cloud.
by nimo956
Wed Nov 19, 2014 2:19 pm
Forum: Personal Consumer Issues
Topic: Buying a lasting vehicle
Replies: 33
Views: 5658

Re: Buying a lasting vehicle

Not trying to be a pain but why are foreign cars so popular on this forum? :) Just about every suggestion is a foreign car and American cars are very rarely suggested. Have you had bad experiences with American cars and/or found the foreign cars to be more reliable? Or do you base your decisions on...
by nimo956
Tue Nov 04, 2014 5:07 pm
Forum: Investing - Theory, News & General
Topic: 27 yr old reaches $1m net worth [Update: With lies.]
Replies: 56
Views: 13608

27 yr old reaches $1m net worth

This is actually a really practical, well-written article about how a 27 yr old achieved a $1m net worth through careful planning. There's no magic here: http://finance.yahoo.com/news/27-year-old-millionaire-anton-ivanov-financessful-184823184.html The moral of the story is: 1. High school job 2. Jo...
by nimo956
Mon Oct 13, 2014 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable Account vs. After-tax 401k
Replies: 11
Views: 725

Re: Taxable Account vs. After-tax 401k

nimo, we've had one poster report that s/he is allowed to contribute to his after-tax account in cash rather than through paycheck withholdings. The money would go in on a Friday and then s/he would roll it out to Roth the following Monday. No gains, no taxes for the conversion. Pretty sweet deal a...
by nimo956
Mon Oct 13, 2014 10:58 am
Forum: Investing - Help with Personal Investments
Topic: Taxable Account vs. After-tax 401k
Replies: 11
Views: 725

Re: Taxable Account vs. After-tax 401k

retiredjg wrote:Is there a reason you are limited to $10k a year?


I added a second edit with my salary and tax bracket info. I can only contribute a max of 50% of salary to the 401k, which means I can only add about $9k after-tax per year.
by nimo956
Mon Oct 13, 2014 9:45 am
Forum: Investing - Help with Personal Investments
Topic: Taxable Account vs. After-tax 401k
Replies: 11
Views: 725

Taxable Account vs. After-tax 401k

I'm about to receive a small inheritance of $30k. My initial plan was to just invest this money in a taxable account straight away. However, my company also offers the ability to contribute after-tax to a 401k and then roll that money over to a Roth IRA throughout the year. If I increase my 401k con...
by nimo956
Thu Sep 18, 2014 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Help! Are we making a huge [career] mistake?
Replies: 46
Views: 7280

Re: Help! Are we making a huge mistake?

Maybe his current company goes bankrupt in 5 years and he loses much of his pension since it won't fully be covered by PBGC? I'd rather have the $3m now since it sounds like the OP will still get a sizeable pension from his current company. I don't know what other assets the OP has, but I'd strive f...
by nimo956
Thu Sep 18, 2014 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Help! Are we making a huge [career] mistake?
Replies: 46
Views: 7280

Re: Help! Are we making a huge mistake?

Do you want to leave an inheritance to your children or a charity? If so, I'd be more inclined to take the $3m now.
by nimo956
Fri Sep 12, 2014 10:11 am
Forum: Investing - Theory, News & General
Topic: Angry when stock market is down
Replies: 79
Views: 4636

Re: Angry when stock market is down

Trader Joe wrote:Absolutely not. The stock market is at or near an all time high right now and is expected to drop significantly. Markets go up and markets go down. All part of investing.


Out of curiosity, when has the market ever not been expected to drop significantly?
by nimo956
Fri Sep 12, 2014 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Suggestions /Advice for a fresh college graduate
Replies: 29
Views: 1818

Re: Suggestions /Advice for a fresh college graduate

First, forget about taking the LSAT and going to law school (see: http://insidethelawschoolscam.blogspot.com/). You shouldn't go to graduate school and take on $150k+ of debt just because you don't know what you want to do as a career. Did he have an internship his junior year? That's usually a path...
by nimo956
Sun Aug 24, 2014 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 227
Views: 22732

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

I haven't read all the replies in this thread, but since you asked specifically for investing advice, I'd second Warren Buffet's latest recommendation. He mentioned 10% cash and 90% S&P500 for the money he intends to leave to his wife. What I think this boils down to is to have enough in liquid...
by nimo956
Sun Aug 24, 2014 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 227
Views: 22732

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

I haven't read all the replies in this thread, but since you asked specifically for investing advice, I'd second Warren Buffet's latest recommendation. He mentioned 10% cash and 90% S&P500 for the money he intends to leave to his wife. What I think this boils down to is to have enough in liquid ...
by nimo956
Wed Aug 06, 2014 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Moderately young investor seeking moderate factor tilts
Replies: 20
Views: 1892

Re: Moderately young investor seeking moderate factor tilts

You should hold iShares 20+ Year Treasury Bond ETF (TLT) instead of VLGSX. 1. VLGSX has 7% of its holdings in agency bonds and 93% in treasuries, whereas TLT has 100% treasuries. 2. VLGSX has 20% of its holdings in bonds maturing in 10-20 years, whereas TLT has 90% in 25+ yrs, and 10% in 20-25 yrs. ...

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