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Re: what's your number?? (for married couples)

I'm 41 and would like to retire in my mid 60's. The ballpark number in my head is $5 million, with the house paid off and the kids through college at that time.
by nomadgecko
Thu Feb 27, 2014 11:44 am
 
Forum: Investing - Help with Personal Investments
Topic: what's your number?? (for married couples)
Replies: 70
Views: 6429

Re: 100% Stocks?

My two cents: Conceptually 100% is very reasonable for your situation. Adding bonds will lower your expected return and expected volatility. I think the key is knowing your risk tolerance. I learned from 2008/09 that my actual risk tolerance wasn't strong enough for a pure-stock portfolio. My wife a...
by nomadgecko
Fri Feb 07, 2014 5:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: 100% Stocks?
Replies: 32
Views: 2128

Your mortgage type, if any [POLL]

We bought our house in 2009 with a 30 year fixed rate mortgage at 5.25%. We refinanced a couple years later into a 20 year FRM at 4.25%, and we refinanced a year ago into our current 15 year 2.75% FRM. One year down, 14 to go until the mortgage burning party. Well, I guess I can print a Wells Fargo ...
by nomadgecko
Wed Feb 05, 2014 11:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Your mortgage type, if any [POLL]
Replies: 63
Views: 3655

Re: Refinance through Wells fargo

I originated my first mortgage with Wells Fargo, and have refinanced with them twice. All three experiences went smoothly, and I view them as very trustworthy. Each time I compared them against Bank of America (all three times Wells was 0.125% lower rate, everything else being equal); local banks (W...
by nomadgecko
Fri Oct 25, 2013 3:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Refinance through Wells fargo
Replies: 7
Views: 859

Re: 20% for home downpayment vs rising interest rate concern

My strong advice is to get to 20%. You avoid PMI, you're a lower-risk buyer (lower rates for you), and I bet you'll sleep better at night. Also, my quick math doesn't show a lot of downside to waiting... Option 1: Buy today with 10% down. If you take a 4.75% 30 year FRM for $180,000, your monthly mo...
by nomadgecko
Fri Sep 13, 2013 10:20 am
 
Forum: Personal Finance (Not Investing)
Topic: 20% for home downpayment vs rising interest rate concerns
Replies: 17
Views: 1600

Re: Am I Crazy to Hang on to LT Muni Bond Funds?

I look forward to seeing responses on this thread. I recently went through similar questions on my holding in the intermediate term tax exempt bond fund (VWIUX). I'll share my thinking and resulting decisions; perhaps it may help you. 1) Where does the fund fit into your overall portfolio/why do you...
by nomadgecko
Wed Sep 04, 2013 1:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Am I Crazy to Hang on to LT Muni Bond Funds?
Replies: 37
Views: 3192

Re: Expected rate of returns

I project my 70/30 equity/bond portfolio to deliver 7% nominal over the long run.
by nomadgecko
Wed Aug 14, 2013 1:39 pm
 
Forum: Investing - Theory, News & General
Topic: Expected rate of returns
Replies: 33
Views: 2532

Re: Lost a lot in stocks and starting fresh: Please Help

I agree with most all of the good advice you're getting. I just wanted to congratulate you on your ability to admit (1) you want to make a change, and (2) actually do something about it. It seems from your tone that you're a bit (understandably) freaked out. As time goes I'm willing to bet you'll lo...
by nomadgecko
Mon Jul 15, 2013 12:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lost a lot in stocks and starting fresh: Please Help
Replies: 90
Views: 12011

Re: If you were making a PF presentation for young professio

I have the unique opportunity to present in a month or so to a group of young professionals a broad overview of personal finance during roughly 1 hour. Most of these are in their 20s, single and no kids, and making good salaries. My recommendation is to cover these topics 1) Primary investment vehi...
by nomadgecko
Wed Jun 19, 2013 9:29 am
 
Forum: Personal Finance (Not Investing)
Topic: If you were making a PF presentation for young professionals
Replies: 30
Views: 2268

Re: Paying off mortgage question

Don't let the emergency fund go all the way to zero. Emergencies can happen at the worst possible time! My advice: Decide how much your emergency fund _should_ be. Set that amount aside and put the rest of the cash, and any extra income as it comes along, towards the debt. It will stretch out the p...
by nomadgecko
Wed Jun 05, 2013 9:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Paying off mortgage question
Replies: 21
Views: 1543

Re: 63yo moved 401k to 100% cash, how/when to restore AA?

Your friend isn't even posting on this forum, but I can actually feel his anxiety through your descriptions. This random internet stranger's recommendations: 1) Being 100% in a stable value fund (whether it's 1%, 2%, 3%) is not really a bad thing. It sounds like it's much closer to his risk toleranc...
by nomadgecko
Fri May 17, 2013 11:28 am
 
Forum: Investing - Theory, News & General
Topic: 63yo moved 401k to 100% cash, how/when to restore AA?
Replies: 32
Views: 3530

Re: re: First time to Boston

I would recommend a Duck Tour over the trolley.
Definitely walk some of blocks in Back Bay on Comm Ave.
Touristy, but historically very cool: the Freedom Trail.
by nomadgecko
Fri May 10, 2013 11:31 am
 
Forum: Personal Consumer Issues
Topic: re: First time to Boston
Replies: 31
Views: 2160

Re: Anyone wish to share their play money investments?

I wouldn't call mine a play money investment; I'd just call it play money. Probably 4 times over the past 10 years I've bought call options on some stocks I'm pretty familiar with. It definitely met the adrenaline goal and the high risk/high reward goal. On 3 of them I probably grossed an average of...
by nomadgecko
Mon May 06, 2013 12:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Anyone wish to share their play money investments?
Replies: 56
Views: 3744

Re: impressive rate of return when purchasing home

OP - I don't think percent return is the right metric to use here. You're saying if I invest $350,000 now, I'll avoid $1,300/month later. I follow what you're saying, but I shake out as "sort of" on your analysis. I think a better way to dimension the two options (buy vs. rent) is just set...
by nomadgecko
Fri Apr 26, 2013 11:40 am
 
Forum: Personal Finance (Not Investing)
Topic: impressive rate of return when purchasing home
Replies: 38
Views: 2896

Re: Checking Net Worth Only Once a Year

I've created 2 Excel spreadsheets that have evolved over the years. One tracks our investment portfolio and net worth. The second I use for monthly budgeting and tracking. Both have fun graphs I enjoy staring at and ooh new formatting for each new year. I find I update the investment spreadsheet pro...
by nomadgecko
Mon Apr 22, 2013 3:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Checking Net Worth Only Once a Year
Replies: 41
Views: 4478

Re: Changing your bond allocation? [POLL]

I'll throw out a number; it's looking like between the two polls about a third of respondents are changing or are considering changing their bond investments. Which is higher than I would have thought. Personally I'm in the gather-more-information,-then-decide phase. In the meantime I'm sitting on t...
by nomadgecko
Fri Apr 12, 2013 3:35 pm
 
Forum: Investing - Theory, News & General
Topic: Changing your bond allocation? [POLL]
Replies: 23
Views: 1921

Changing your bond allocation? [POLL]

I am learning a tremendous amount from the recent bond valuation discussions and different perspectives. I'm interested in a temperature check on the forum to see what others think about the hypothesis that bonds are overvalued and should be reduced/eliminated from many people's portfolios.
by nomadgecko
Fri Apr 12, 2013 2:14 pm
 
Forum: Investing - Theory, News & General
Topic: Changing your bond allocation? [POLL]
Replies: 23
Views: 1921

Re: Mortgage options -- thoughts?

Go for the 20% down payment, avoid the PMI, and call it a day.
by nomadgecko
Sun Mar 03, 2013 11:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage options -- thoughts?
Replies: 21
Views: 1255

Re: What's your favorite frugal thing(s) to do?

Driving our 1996 Corolla with 195,000 miles.
by nomadgecko
Wed Feb 27, 2013 4:32 pm
 
Forum: Personal Consumer Issues
Topic: That Frugal Thing You Do
Replies: 500
Views: 96271

Re: What to do with a business idea

My top 3 nuggets: 1) The biggest return on your time and effort will be to produce a functional proof-of-principle prototype that you can show others (investors, new team members, etc.). 2) Be crystal clear and realistic on your points of parity and points of differentiation versus existing substitu...
by nomadgecko
Tue Feb 26, 2013 10:36 am
 
Forum: Personal Finance (Not Investing)
Topic: What to do with a business idea
Replies: 5
Views: 504

Re: Refinance giddiness

BudgetForWealth wrote:Very nice! May I ask which company you used to do the refi?


Wells Fargo

john94549 wrote:Might I suggest a nice "thanks for your help" note to your loan officer. With a copy to his or her supervisor


Nice idea. I'll do that once everything is finalized.
by nomadgecko
Wed Feb 13, 2013 4:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Refinance giddiness
Replies: 20
Views: 1840

Refinance giddiness

I need to geek out. We bought our (first) home in August 2009 with a 30 year fixed at 5.25%. Not bad, not great. If I kept that loan and paid off on schedule, I would have paid back $1.99 for every $1.00 borrowed. And after the first 18 months, only $0.22 of every $1.00 I paid to the bank went to pr...
by nomadgecko
Wed Feb 13, 2013 2:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Refinance giddiness
Replies: 20
Views: 1840

Re: Worth fixing a 30-year-old Maytag dryer?

It would be interesting to see this as a yes/no poll. My vote is: 1) Google the model number and see if there are parts available. I've recently repaired our old GE dryer (the owners manual looks like something you'd see on Mad Men). All it needed was a new belt, and it was available on Amazon (not ...
by nomadgecko
Wed Feb 13, 2013 2:09 pm
 
Forum: Personal Consumer Issues
Topic: Worth fixing a 30-year-old Maytag dryer?
Replies: 26
Views: 2222

Re: When to Lock the Rate on a 30 Year Fixed Mortgage

We're in the midst of refinancing, so I had to make the lock/float decision about 3 weeks ago. 1) Assuming you have run the numbers and are comfortable with the costs and current rates, I would lock. 2) If floating the rate is keeping you up at night, I would say the risk you're taking is too high. ...
by nomadgecko
Wed Jan 30, 2013 11:46 am
 
Forum: Personal Finance (Not Investing)
Topic: When to Lock the Rate on a 30 Year Fixed Mortgage
Replies: 9
Views: 1198

Re: Do you respect your HR department? [career question]

I think there are various things within HR that I would enjoy. Some of them include recruiting, mediation between staff/supervisors (in a good company where this could be done effectively anyway), and benefits management. I'm always the person who knows all the ins and out and rules of different th...
by nomadgecko
Tue Nov 20, 2012 6:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you respect your HR department? [career question]
Replies: 49
Views: 3801

Re: Refi. No cost. 30 yr fixed or 5/1 ARM and Why?

I also vote for the 30yr FRM. Something to think about is the sleep-at-night factor. If you are financially conservative-ish (which I'm speculating you are since you have 40% bonds in your portfolio), I would think the uncertainty of an ARM would be psychologically taxing for you. I know it would be...
by nomadgecko
Tue Nov 20, 2012 1:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Refi. No cost. 30 yr fixed or 5/1 ARM and Why?
Replies: 10
Views: 835

Re: Do you respect your HR department? [career question]

mlipps wrote: I like the idea of HR a lot


OP - Could you be more specific about what intrigues you? This will help me with an answer...
by nomadgecko
Tue Nov 20, 2012 1:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you respect your HR department? [career question]
Replies: 49
Views: 3801

Re: life insurance

I will opine on your question #2 above. I recently went through the "how much is enough" question myself, and a co-worker gave me some good advice about how to think about it. The scenario you are thinking about is if you die, what happens to your wife and daughter. Arguably, your wife wil...
by nomadgecko
Tue Nov 13, 2012 12:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: life insurance
Replies: 10
Views: 1444

Re: Invest or take a 15/30 year mortgage

My wife and I were in a similar situation as yours when we bought our first home only recently in 2009. We decided on the 30yr FRM, and I recommend the 30 yr (take a look at the 20 yr also and choose one of those). After you find yourself a couple of years into the mortgage, you will either find tha...
by nomadgecko
Sat Oct 27, 2012 10:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Invest or take a 15/30 year mortgage
Replies: 23
Views: 1892

Re: How to educate kids about investments

When I was in fourth grade my parents bought me 10 shares of Disney. This was way back in the day, so we watched it grow and grow and grow. We reinvested dividends, and that single gift got me interested in investments (and personal finance). My advice would be to have your kids have some skin/engag...
by nomadgecko
Tue Oct 02, 2012 1:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to educate kids about investments
Replies: 23
Views: 1266

Re: [POLL] - Do you maintain separate portfolios for taxable

I treat our daughters' 529's as separate portfolios vs. what I consider The Retirement Portfolio. The Retirement Portfolio conisists of taxable accounts, 401(k)'s, and IRA's for my wife and me. This portfolio has a target allocation 70/30 equities/bonds. I expect to start withdrawing from this portf...
by nomadgecko
Mon Oct 01, 2012 2:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: [POLL] - Do you maintain separate portfolios for taxable and
Replies: 25
Views: 1642

Re: How do you Determine Your "Number" at a Young Age?

I agree that the first question, "How much income will you need?" is impossible to answer when you're younger. So is "what return do you expect on investments?" or another favorite of mine "what inflation rate do you assume?". My two cents: 1) Assume you will have to fu...
by nomadgecko
Wed Sep 26, 2012 10:53 am
 
Forum: Investing - Help with Personal Investments
Topic: How do you Determine Your "Number" at a Young Age?
Replies: 23
Views: 1985

Re: Most underrated band of all time [that you listen to]?

Rush Musically they are just in a league of their own, but are too deep and awesome for the unwashed multitudes. The passiion of their "small" diehard fan base (myself included) is unbelievable. But main stream, Rush doesn't get as much cred as they should (although that seems to be changi...
by nomadgecko
Tue Sep 25, 2012 3:37 pm
 
Forum: Personal Consumer Issues
Topic: Most underrated band of all time [that you listen to]?
Replies: 342
Views: 13524

Re: Poll: How big is your emergency fund?

12 months of current living expenses, but I'd like it to be more like 15 months. 40 years old with high mortgage payment, high day care payments, and average job security. I know the rule of thumb is 6-12 months, but the sleep-at-night test has convinced me that my personal number is 2x-3x the rule ...
by nomadgecko
Tue Sep 25, 2012 3:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: How big is your emergency fund?
Replies: 51
Views: 4862

Re: Bank Deposits--typical account balances for individuals?

3 guesses of places to look: * Perhaps in publicly traded bank 10-K annual filings. In the company overview section there is often a lot of juicy details. Maybe BofA or Wells Fargo or the like has a simple table like that. * Maybe mint.com or similar websites have some resources/papers about that. *...
by nomadgecko
Thu Aug 02, 2012 8:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bank Deposits--typical account balances for individuals?
Replies: 40
Views: 3784

Re: Possible upcoming layoff- reveal reason for interviewing

Having gone through the job search and hiring process several times, my strong advice is be candid. I agree with the converged-upon advice: tell the truth. Layoffs are coming, you may or may not be laid off, you're worried about being laid off, and you're exploring what options are out there. You're...
by nomadgecko
Thu Aug 02, 2012 8:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Possible upcoming layoff- reveal reason for interviewing?
Replies: 22
Views: 2279

Re: Long time lurker, 1st post. Stretching too far for house

mmmodem wrote:I'm surprised no one has mentioned it. Your motivation to buy a home is to have enough space for your child. You don't have a child. You may find it could take up to 2 years to conceive even if both of you are healthy and have no complications. I'd suggest you wait until a bun is in t...
by nomadgecko
Wed Jun 27, 2012 9:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Long time lurker, 1st post. Stretching too far for house?
Replies: 58
Views: 4174

Re: [POLL] Net worth to income ratio - how do you compare

I agree with everyone's comments around the data is not perfect, median is more representative, how do you define income, how do you define net worth, etc. As one previous poster commented, I think the ratio of savings/expenses is a good way to think about it. I've considered going through my last 1...
by nomadgecko
Thu Jun 21, 2012 9:00 pm
 
Forum: Investing - Theory, News & General
Topic: [POLL] Net worth to income ratio - how do you compare
Replies: 38
Views: 3277

Re: [POLL] Net worth to income ratio - how do you compare

I'm actually surprised how high the numbers are in the study, especially for the < 35 group. I expected those numbers to be much lower based on all the debt and lack of savings of most of the people I know. I don't believe these numbers. There are plenty of people with negative net worth. Ok I gues...
by nomadgecko
Wed Jun 20, 2012 2:19 pm
 
Forum: Investing - Theory, News & General
Topic: [POLL] Net worth to income ratio - how do you compare
Replies: 38
Views: 3277

Re: [POLL] Net worth to income ratio - how do you compare

I just edited the table because I accidentally used the 2007 net worth data (not 2010), so the ratios are different. My fault for trying to do this too fast over lunch!
by nomadgecko
Wed Jun 20, 2012 12:43 pm
 
Forum: Investing - Theory, News & General
Topic: [POLL] Net worth to income ratio - how do you compare
Replies: 38
Views: 3277

[POLL] Net worth to income ratio - how do you compare

I admit I love looking at the data in the Fed's US Family Finances study. While I honestly think I may never be able to retire, the data does help me feel good that our family is above average at savings. What is the ratio of your household's net worth divided by you household's last year income com...
by nomadgecko
Wed Jun 20, 2012 11:57 am
 
Forum: Investing - Theory, News & General
Topic: [POLL] Net worth to income ratio - how do you compare
Replies: 38
Views: 3277

Re: Why not just make bond allocation 100% inflation-indexed

All, as always thanks for taking the time for insightful comments and perspective.

I'm going to go with 50/50 nominal/inflation-indexed and call it a day.

Thank you.
by nomadgecko
Wed May 09, 2012 10:09 am
 
Forum: Investing - Theory, News & General
Topic: Why not just make bond allocation 100% inflation-indexed?
Replies: 12
Views: 1990

Why not just make bond allocation 100% inflation-indexed?

I've just finished reading The Boglehead's Guide to Investing; enjoyed it, and learned several things. One question I have after is on what bonds my wife and I should have in our portfolio... My wife and I are in the accumulating years, with an overall investment portfolio allocation of 75/25 equiti...
by nomadgecko
Tue May 08, 2012 12:52 pm
 
Forum: Investing - Theory, News & General
Topic: Why not just make bond allocation 100% inflation-indexed?
Replies: 12
Views: 1990

Re: Soooo new and sooo lost...

The mutual fund RYVYX was primarily used for an example as something risky, I understand that many funds like this are pretty much considered betting, I was just curious if anyone else, like pingo, had a few things buried in their portfolio. : P I hear you loud and clear on wanting to take some ris...
by nomadgecko
Fri Apr 20, 2012 11:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Soooo new and sooo lost...
Replies: 76
Views: 4356

[POLL] If you gamble, what do/did you play?

Clearly this community does not gamble with portfolios, but I'm curious if there's an interest in gambling as a hobby among any of us. Clearly there were a number of us logical folks who were drawn into the entertainment value of the recent $600 million lottery. I have gambled for money the 3 times ...
by nomadgecko
Thu Apr 05, 2012 12:22 pm
 
Forum: Personal Consumer Issues
Topic: [POLL] If you gamble, what do/did you play?
Replies: 42
Views: 1762

[POLL] Do you have a 529 for your kids?

My wife and I have two wonderful daughters; 3 and 1. And I'm already wigged out about paying for their college. From this board it seems there are two schools of thought on the priority of funding your kids' college: it's a priority that is on-par with funding your retirement, or it's a much lower p...
by nomadgecko
Fri Mar 30, 2012 5:28 pm
 
Forum: Investing - Theory, News & General
Topic: [POLL] Do you have a 529 for your kids?
Replies: 28
Views: 1940

Re: [POLL] How many miles on your car?

96 Accord 328K 00 Gran Prix 140K Hope for several more years on both, but if not, then they have been good value. Wife's Gran Prix wasa little more than a year old when purchased and its initial cost is now down to about 14 cents per mile. My Accord was purchased for $6300 when it was 6 years old a...
by nomadgecko
Fri Mar 30, 2012 5:20 pm
 
Forum: Personal Consumer Issues
Topic: [POLL] How many miles on your car?
Replies: 141
Views: 6421

[POLL] How many miles on your car?

A fun survey for Friday. According to Wikipedia, in 2007 the median age of automobiles in the US was 9.7 years. [Seems high]. So by my back of the envelope math, the median US car has 120,000 miles [Seems high, but hey who knows.] I'm curious if this community is representative of the US or skews to...
by nomadgecko
Fri Mar 30, 2012 11:12 am
 
Forum: Personal Consumer Issues
Topic: [POLL] How many miles on your car?
Replies: 141
Views: 6421

Re: Reassessing my situation + what to do with a windfall

1) I would pay off the $4k in student loans. 2) Then I'd refinance into a $140k, 20-year fixed rate mortgage - using ~$20k from the windfall. By my rough math the principal and interest monthly payment will stay about the same as you're currently paying, but... You will get rid of PMI, more money pe...
by nomadgecko
Wed Mar 28, 2012 2:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Reassessing my situation + what to do with a windfall
Replies: 19
Views: 2138

Re: Distress.

1) Write down everything that was said in today's meeting while it is still fresh in your head. 2) Start keeping a log of every conversation from here on out. Who was there, what was said, what was agreed to. 3) If there are any emails to you about this (there may not be since the firm won't want do...
by nomadgecko
Fri Mar 02, 2012 1:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Distress. [company trying to force into quitting]
Replies: 74
Views: 5923
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