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Re: POLL: why carry cash?

My car always carries ~$80 cash in a secret location for those special moments (like 2 days ago) when I absentmindedly leave the house without my wallet. I would have been stranded 150 miles from home with no gas. But you still had no legal way to drive home. Did you call two friends who both had l...
by papito23
Sat Apr 19, 2014 12:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 131
Views: 2621

Re: POLL: why carry cash?

My car always carries ~$80 cash in a secret location for those special moments (like 2 days ago) when I absentmindedly leave the house without my wallet. I would have been stranded 150 miles from home with no gas. No way I'm going to stash a credit card in my car. Cash is king (sometimes).
by papito23
Sat Apr 19, 2014 10:31 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 131
Views: 2621

Re: New homeowner: lawn care advice

He is a new homeowner - wait he isn't even an owner yet. Give him a break. Let him buy the stuff and take care of his yard. In Charlotte virtually everyone grows cool weather bunch turf grass. So it looks great in fall and spring and ok over the winter. No matter what you do every fall you have to ...
by papito23
Mon Apr 14, 2014 9:46 pm
 
Forum: Personal Consumer Issues
Topic: New homeowner: lawn care advice
Replies: 49
Views: 3280

Re: New homeowner: lawn care advice

You asked for advice, so here you go: I highly recommend finding alternatives to maintaining artificial (non-native) cool season grasses in an arid, drought-prone, and overpopulated area like Texas. I am a big proponent of using water to grow edible plants vs. maintaining cultural oddities (esp. in ...
by papito23
Mon Apr 14, 2014 9:22 pm
 
Forum: Personal Consumer Issues
Topic: New homeowner: lawn care advice
Replies: 49
Views: 3280

Re: What age did you reach 100K networth?

Age 27. Considering I never made more than $12.50/hr (no benefits), switched jobs, worked overseas for a non-profit, etc I feel extraordinarily blessed. Most of the net worth pop is due to full financial support of DW and I's college education through scholarships and family wealth. This has enabled...
by papito23
Fri Mar 28, 2014 5:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 264
Views: 31193

Re: Will this affect your Tipping? [Suggested Tip Amounts]

These little hints and nudges will, of course, change behavior in the aggregate. Whether that is in the favor of the servers, the establishment, or the clientele, I don't know. I would like to think I'm immune from all this behavioral economics trickery, but alas I don't see how I am much different....
by papito23
Sun Mar 23, 2014 4:47 pm
 
Forum: Personal Consumer Issues
Topic: Will this affect your Tipping? [Suggested Tip Amounts]
Replies: 123
Views: 7551

Re: Population Decline and International Exposure

Even if these trends do play out, it's hard to draw a direct line to the performance of the underlying investments. I would worry about things you can control and reasonably predict. I've followed these debates for 10 years, and neither economists nor environmentalists know the future. That is one r...
by papito23
Sun Mar 16, 2014 2:51 pm
 
Forum: Investing - Theory, News & General
Topic: Population Decline and International Exposure
Replies: 19
Views: 1567

Re: Amazon hikes cost of Prime to $99

I have Student Prime, which is increasing from $39 to $49, but not until my renewal in 11 months. :) I use the free/quick shipping for both my side business and personal, so it adds up. Plus, Downtown Abbey and Dora the Explorer/Curious George to keep both my ladies happy. Video availability is just...
by papito23
Thu Mar 13, 2014 2:31 pm
 
Forum: Personal Consumer Issues
Topic: Amazon Prime Increase
Replies: 185
Views: 7625

Re: Low-flow shower head: $4,500 saved in last 5 yrs

There are times when I think some folks have to search hard to find something to obsess over! You have no idea :) I do have the data on hand-washing plastic sandwich bags. $4,500 ain't chump change. $0.02 plastic bags... that's another story. Yet I know a couple worth >4M that still do it. Old habi...
by papito23
Wed Mar 12, 2014 3:25 pm
 
Forum: Personal Consumer Issues
Topic: Low-flow shower head: $4,500 saved in last 5 yrs
Replies: 27
Views: 3277

Re: Low-flow shower head: $4,500 saved in last 5 yrs

Savings depend on what water charges are for actual use. My town charges a basic quarterly fee for water service to each home, i.e., overhead. Then it adds a fee for water use. My charge for water use is about $5 a month. Since my water use charge is low a 1.5 GPM shower head is not going to save m...
by papito23
Wed Mar 12, 2014 1:09 pm
 
Forum: Personal Consumer Issues
Topic: Low-flow shower head: $4,500 saved in last 5 yrs
Replies: 27
Views: 3277

Re: Low-flow shower head: $4,500 saved in last 5 yrs

To clarify, 1.3 cents is the marginal cost of both water and sewer. If you divide the total bill by the # of gallons, it's more like 2.0 cents (due to a fixed charge for stormwater, etc). We had a big rate increase recently to come into compliance with a variety of regulations (reducing the time our...
by papito23
Wed Mar 12, 2014 11:40 am
 
Forum: Personal Consumer Issues
Topic: Low-flow shower head: $4,500 saved in last 5 yrs
Replies: 27
Views: 3277

Re: Near infinite marginal tax rate?

Correct my mathematics if I'm wrong, but I don't think anything can be "near infinite." :wink:
by papito23
Tue Mar 11, 2014 10:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Near infinite marginal tax rate?
Replies: 10
Views: 1337

Re: Low-flow shower head: $4,500 saved in last 5 yrs

True. Though I personallydon't take longer showers (short hair). In general, I agree with conventional economic thinking (things drop in price, we consume more of them) though I think that is far too simplistic to cover all of our countless economic choices. Electric light has consistently fallen in...
by papito23
Tue Mar 11, 2014 10:07 pm
 
Forum: Personal Consumer Issues
Topic: Low-flow shower head: $4,500 saved in last 5 yrs
Replies: 27
Views: 3277

Low-flow shower head: $4,500 saved in last 5 yrs

In the depth of the great recession (March 2009), a family of five in my town replaces their 2.5 GPM shower heads with 1.5 GPM. Cost: $0.00 (free from the electric utility). They invest the savings monthly from their water and electric bills in a total U.S. stock market index fund (like VTSMX). What...
by papito23
Tue Mar 11, 2014 9:56 pm
 
Forum: Personal Consumer Issues
Topic: Low-flow shower head: $4,500 saved in last 5 yrs
Replies: 27
Views: 3277

Re: Do you have a side job?

My wife had a fun little idea that got some very fortunate mentions on trendy blogs and blew up. We ended up making enough with that small business to cover all our expenses last year. A huge blessing, considering I'm a grad school T.A. :D We have a little one at home, so the flexibility and home-of...
by papito23
Tue Mar 11, 2014 10:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you have a side job?
Replies: 58
Views: 4773

Re: Where is the market heading?

What is your equity in, if not the S&P? If you stick somewhere near the 3-Fund Portfolio , you can track that a little better. I am 40% International, so you can understand I was a little bummed by 2013 when I "missed" the outperformance of US stocks over international. Diversification...
by papito23
Sat Mar 08, 2014 1:17 pm
 
Forum: Investing - Theory, News & General
Topic: Where is the market heading?
Replies: 28
Views: 1454

Re: Staying the Course has never been harder

A quick sniff test says you are trying to argue your way up to a higher stock allocation. Hard to believe the direction of the stock market the last 5 years has nothing to do with it. So we are here to tell you no. "Once you have won the game, stop playing," as they say. You haven't won ye...
by papito23
Sat Mar 08, 2014 1:14 pm
 
Forum: Investing - Theory, News & General
Topic: Staying the Course has never been harder
Replies: 45
Views: 4635

Re: Your stock/bond mix for those ~20 yrs from retirement

I'm hoping to retire in 14-17 years and I'm 70/30 :beer I link my AA by my portfolio total amount Less than 25% of goal 75% stocks 25% of goal 70% stocks 50% of goal 65%% stocks 75% of goal. 60% stocks At my goal 50% stocks John Allocation by % of goal reached seems to make sense to me, yet I feel ...
by papito23
Thu Mar 06, 2014 11:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Your stock/bond mix for those ~20 yrs from retirement
Replies: 42
Views: 2792

Re: Job Offer Negotiation / Interview Snafu

...So if they offer me $81-83k I will be satisfied with that, all things considered. If they low ball my "meet in the middle" request and only come up to $79-80k I will not be happy... With all respect, that seems strange. Try to look at it objectively (irrespective as to what their offer...
by papito23
Thu Mar 06, 2014 9:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Job Offer Negotiation / Interview Snafu
Replies: 174
Views: 14986

Re: Job Offer Negotiation / Interview Snafu

My current job requires almost no OT, this is the one thing I'm scared of losing if I leave. I really mean it when I say "here and there" I will be perfectly fine with staying late when needed. But long regular hours will make me miserable and will jade me from respecting my superiors bec...
by papito23
Wed Mar 05, 2014 11:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Job Offer Negotiation / Interview Snafu
Replies: 174
Views: 14986

Re: Open Trad=lower income=receive tax credit->convert to ro

As stated above, students can't take this credit . Read F8880 . I have pondered this Trad vs. Roth issue for low-middle income folks, and the answer appears to be "it depends." For 2013, I will be making ~$7,500 in Trad . contributions because I calculate my net (tax) return on that to be ...
by papito23
Wed Mar 05, 2014 9:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Open Trad=lower income=receive tax credit->convert to roth
Replies: 9
Views: 355

Re: You know you're a Boglehead when ...

When you hover your mouse over the Dropbox icon in the toolbar and it says "Indexing...", your heart flutters.
by papito23
Wed Mar 05, 2014 12:38 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: You know you're a Boglehead when ...
Replies: 86
Views: 5134

Re: Beat the S&P 500 with the S&P 500? Not likely

If one wishes to beat the performance of the S&P500 for the year, all one has to do is buy the S&P500 when it is lower than it started the year. There already have been some good opportunities this year to do so (think Feb 3rd for instance). Then one can sit back and relax for the rest of t...
by papito23
Wed Mar 05, 2014 7:40 am
 
Forum: Investing - Theory, News & General
Topic: Beat the S&P 500 with the S&P 500? Not likely.
Replies: 15
Views: 1579

Re: Purchase farmland or sell it?

FYI Here is a side-by-side comparison I did with the S&P500 and Iowa farmland, 1950-2011. Maybe I'll update it in a few years... Thanks, this is awesome. Did you factor in fees and selling costs in your computation though? I mean: if you are to sell farm land, you probably incur brokerage costs...
by papito23
Tue Mar 04, 2014 11:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Purchase farmland or sell it?
Replies: 33
Views: 1849

Re: Purchase farmland or sell it?

The farmland that she inherited is located adjacent to our property, so it's easy to keep an eye on the property and monitor what is being planted and so forth. ... I think slow n stead y makes a great point, If you inherited $300,000 in cash, would you even think about buying farmground with it? I...
by papito23
Tue Mar 04, 2014 11:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Purchase farmland or sell it?
Replies: 33
Views: 1849

Re: Purchase farmland or sell it?

FYI Here is a side-by-side comparisonI did with the S&P500 and Iowa farmland, 1950-2011. Maybe I'll update it in a few years...
by papito23
Tue Mar 04, 2014 11:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Purchase farmland or sell it?
Replies: 33
Views: 1849

Re: Purchase farmland or sell it?

Buffett bought 400 acres in 1986 ... precisely at the low point of the huge farm bust. (Here's historic Iowa prices as a proxy). He calculated the return as 10%, now (as seen above) it's 3.0%. In my uneducated opinion, you have plenty of common stocks and land would be a great diversifier. Land and ...
by papito23
Tue Mar 04, 2014 9:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Purchase farmland or sell it?
Replies: 33
Views: 1849

Re: What to say to Non-Savers

Their destiny is destruction, their god is their stomach, and their glory is in their shame. Their mind is set on earthly things. Repeat the above often enough and you'll feel better, or at least smug. Observing my own parents (savers) and my in-laws (non), I tend to see these habits as fixed at an...
by papito23
Mon Mar 03, 2014 9:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: What to say to Non-Savers
Replies: 71
Views: 5179

Re: Do children become less expensive as they grow up?

My kid costs almost nothing. Just 24/7 attention and care. I take that back, the wife is not working... so the kid costs about $30K/ yr in foregone income (minus what would be a substantial tax increase). So, yes, I expect my child to cost quite a bit less if we send her off to public school. FTR I ...
by papito23
Thu Feb 27, 2014 6:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do children become less expensive as they grow up?
Replies: 93
Views: 6502

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

Step one: ignore inflation. Expenses now at $23K / yr for family of 3 (Midwest). So, current lifestyle with a paid-off house might be about that for a very simple lifestyle (I have MMM tendencies ). Make it $28K to be safe. Multiply by 25 (4% withdrawal rate) = $700K. But there are too many factors ...
by papito23
Thu Feb 27, 2014 12:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: what's your number?? (for married couples)
Replies: 70
Views: 6111

Re: How to Convert Someone That Doesn't Want to Be Converted

If this person is very important to you, and you don't think this will jeopardize your friendship, I would suggest using lawman3966's illustration from the aforementioned thread (link here). Otherwise, let it be.
by papito23
Mon Feb 24, 2014 2:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to Convert Someone That Doesn't Want to Be Converted
Replies: 50
Views: 2943

Re: Yellowstone Family Vacation

For a great way to educate one's children about their great natural heritage, I highly recommend at least a single night camping. On the ground, with the other animals. As a bonus, it will make an $80 hotel feel like $300, and you'll get a fresh reminder of what the industrial revolution did. Have f...
by papito23
Wed Feb 19, 2014 9:24 pm
 
Forum: Personal Consumer Issues
Topic: Yellowstone Family Vacation
Replies: 14
Views: 1349

Re: Question regarding a job application

I have had little experience in this arena, but currently graduating from school and trying to negotiate the application/interview/offer process. I need all the interview experience I can get. I assume my references (mostly educational) understand that they might get several calls, as this is a inte...
by papito23
Tue Feb 11, 2014 9:24 pm
 
Forum: Personal Consumer Issues
Topic: Question regarding a job application
Replies: 5
Views: 412

Re: Past Performance.

Bogleheads: Past performance does not guarantee or forecast future performance. Best wishes. Taylor +1 As to Nisiprius et al's concerns that Int'l stocks return about the same amount with about the same volatility, that is only know about the past. Given the somewhat stochastic nature of world even...
by papito23
Sun Feb 09, 2014 11:11 pm
 
Forum: Investing - Theory, News & General
Topic: Emerging Markets: Boom, Bust, Repeat, Yawn
Replies: 58
Views: 5267

Re: 2013 was good. Suggestion to park money in 2014.

OK. Gotta say it. cxm1601, where were you in 2011 and what did you do? http://s25.postimg.org/6bhvwv41r/Screen_Shot_2014_02_04_at_7_28_12_AM.png Why did you give him a freebie? Simple: sell when the arrow is red, hold tight when the arrow is green. (Nisiprius: PM me and I'll get the first draft of ...
by papito23
Tue Feb 04, 2014 9:43 am
 
Forum: Investing - Help with Personal Investments
Topic: 2013 was good. Suggestion to park money in 2014.
Replies: 35
Views: 3166

Re: Can you buy to cheap of a house?

Go watch The Money Pitfirst.

I would be frugal enough to buy one like that, but then not handy enough to fix it. Yikes.
by papito23
Tue Feb 04, 2014 9:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Can you buy to cheap of a house?
Replies: 15
Views: 1360

Re: An analysis of two RBD rebalancing strategies

Interesting that the "no rebalanced" fund may be the only one that had a statistically significant result. As in, underperformed. I thought there was no rebalancing bonus ;), that rebalancing only controlled risk, and that unchecked stock growth would only increase returns (esp. now after ...
by papito23
Tue Feb 04, 2014 9:24 am
 
Forum: Investing - Theory, News & General
Topic: An analysis of two RBD rebalancing strategies
Replies: 20
Views: 1991

Re: Can we/should we afford this house?

Just so you know the range of realities within the US, the 3 of us live on an income 20-30x less than that out here in the middle west. You are what I would call enormously rich. (Granted, I could get a 2700 ft house here for $150k.) I only bring up the contrast to say there is an important similari...
by papito23
Sat Feb 01, 2014 12:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can we/should we afford this house?
Replies: 63
Views: 4363

Re: What is your definition of "Financially Wealthy?"

"A man is rich in proportion to the number of things which he can afford to let alone." -Thoreau, "Walden" Agree with many that prosperity is about much more than $$. But to address the question in a more strictly financial sense, wealth for me was freedom from debt (a gift from ...
by papito23
Sat Feb 01, 2014 11:13 am
 
Forum: Personal Finance (Not Investing)
Topic: What is your definition of "Financially Wealthy?"
Replies: 110
Views: 9652

Re: Bonds - Throw it all on the table!!!

1) List the bond funds, individual bonds, CD's, etc. that you invest in ... I keep all fixed income in taxable accounts. This is the opposite of what the wiki suggests. My reasoning for this is that my future expected returns for equities will be significantly higher than bonds, so I'd rather shelt...
by papito23
Wed Jan 29, 2014 11:09 pm
 
Forum: Investing - Theory, News & General
Topic: Bonds - Throw it all on the table!!!
Replies: 84
Views: 7451

Re: Secondary career in academia?

Given the job market (and given a spouse making a regular income), would she enjoy the PhD in and of itself? (Assumes some fully-funded fellowship w/ TA monies). That might be the best attitude to take. Learn a lot, contribute, question, stir up, shoot down, build up... advance the body of knowledg...
by papito23
Wed Jan 29, 2014 11:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Secondary career in academia?
Replies: 40
Views: 1719

Re: Secondary career in academia?

Given the job market (and given a spouse making a regular income), would she enjoy the PhD in and of itself? (Assumes some fully-funded fellowship w/ TA monies). That might be the best attitude to take. Learn a lot, contribute, question, stir up, shoot down, build up... advance the body of knowledge...
by papito23
Wed Jan 29, 2014 9:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Secondary career in academia?
Replies: 40
Views: 1719

Re: Not happy with market

It seems like a reasonable time to resurrect this old thread. Is anyone else not happy with their returns lately? Since we could pick start and end dates of market returns to prove our points, I'll just look at the S&P from the day you first posted last June until you bumped this post tonight: ...
by papito23
Wed Jan 29, 2014 9:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Not happy with market
Replies: 148
Views: 13086

Re: Secondary career in academia?

Schools can be picky in this market (varies widely by field, so not sure about your situation), so they hire PhDs. Community colleges will go after Masters, but then you probably wong't be gettin top-tier students (if that is your mail goal) and they don't pay well, generally. The small liberal arts...
by papito23
Wed Jan 29, 2014 11:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Secondary career in academia?
Replies: 40
Views: 1719

Re: Is it bad to have Many Bank Accounts?

Well, OP, you've changed someone's life. You put that seed in my brain and it sprouted into Huntington Bank 's latest $150 offer. All I have to do is set up a single direct deposit >$500. (Available only in Ohio, Michigan, Indiana, Pennsylvania, Kentucky and West Virginia). PNC also has a $150 offer...
by papito23
Wed Jan 29, 2014 8:53 am
 
Forum: Investing - Theory, News & General
Topic: Is it bad to have Many Bank Accounts?
Replies: 41
Views: 3325

Re: Is cash trash or king? Market timing

It's not always a simple matter of being fully invested or holding a ton of cash, waiting for a crash. It helps if your future goals are flexible. I made a bunch of money in Nov/Dec last year and am sitting on it. Technically, I suppose I should load up my IRA ASAP since I already have an e-fund. 5 ...
by papito23
Mon Jan 27, 2014 9:09 pm
 
Forum: Investing - Theory, News & General
Topic: Is cash trash or king? Market timing
Replies: 30
Views: 2429

Re: unanticipated savings (or costs) of stay at home parent?

Much lower taxes, at least in lower-middle income families like mine. Adding a 2nd $30-40K to the 1-2 kid(s) and 1 worker results in a rapid loss of the RSCC, EITC, and now healthcare subsidy. We started a business on top of our base income, and the marginal "rate" on that profit was about...
by papito23
Mon Jan 27, 2014 12:14 am
 
Forum: Personal Consumer Issues
Topic: unanticipated savings (or costs) of stay at home parent?
Replies: 18
Views: 1295

Re: Do Bogleheads see this market dip as a buying point?

Here's your obligatory "What dip?" screenshot... (S&P500)
Image

Of course, the only data that could prove this as a true buying point lie in the future... so I can't help you there.

Wake me up after another 5-10%.
by papito23
Sun Jan 26, 2014 11:46 pm
 
Forum: Investing - Theory, News & General
Topic: Do Bogleheads see this market dip as a buying point?
Replies: 127
Views: 13423

Re: Is it bad to have Many Bank Accounts?

But don't forget that you are spewing your social security number all over a bunch of servers, and that it will be out there for a long time. That's a HUGE risk... and honestly quite easy to forget or discount. This sounds scary! Is this really something that should put this much focus into worryin...
by papito23
Sat Jan 25, 2014 6:52 pm
 
Forum: Investing - Theory, News & General
Topic: Is it bad to have Many Bank Accounts?
Replies: 41
Views: 3325

Re: Is it bad to have Many Bank Accounts?

I did just this one year ago b/c I was out of work for a month. I won't be doing it again unless I'm hungry. Between credit cards and bank accounts, not too hard to make several hundred dollars. Although I avoided them, gotcha's abound. Wasn't planning on it, but had to drag my family 45 minutes to ...
by papito23
Fri Jan 24, 2014 11:38 pm
 
Forum: Investing - Theory, News & General
Topic: Is it bad to have Many Bank Accounts?
Replies: 41
Views: 3325
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