Search found 663 matches

by sls239
Tue Sep 01, 2015 9:47 am
Forum: Personal Consumer Issues
Topic: Repair it? Or get something new? [Car]
Replies: 9
Views: 936

Re: Repair it? Or get something new?

The stock market is no place for money that you will need soon for something your income depends on.

I'd suggest selling the mutual fund no matter what.

That also takes it out of the emotional equation, which is also important, IMO.
by sls239
Tue Sep 01, 2015 9:24 am
Forum: Investing - Help with Personal Investments
Topic: 6-8 year College Time Horizon - Inheritance
Replies: 9
Views: 683

Re: 6-8 year College Time Horizon - Inheritance

With the 150K plus your regular mortgage payments, could you have it entirely paid off by the time the oldest enrolls in college? That would free up a good amount of cash flow with which to help pay those bills. I'm thinking that even if you were 50/50 stocks bonds, and stocks did 8% per year every ...
by sls239
Mon Aug 31, 2015 8:53 am
Forum: Personal Finance (Not Investing)
Topic: If you lost your job, what expenses would you keep/get rid of?
Replies: 27
Views: 2734

Re: If you lost your job, what expenses would you keep/get rid of?

Expenses Cut -
eating out
travel
shopping
gas

Expenses stay the same -
mortgage
gymnastics
utilities/phone/internet
hair cuts

Expenses increased -
groceries (beyond first couple weeks)
healthcare (beyond first couple weeks)
job hunt expenses

Undetermined, temporarily cut
Home improvement / repairs
by sls239
Mon Aug 31, 2015 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund re: severance, unemployment
Replies: 20
Views: 1129

Re: Emergency Fund re: severance, unemployment

In my experience, the severance is good to have in the case of relocating to a new job so that you have a down payment for a house without waiting for the old house to close.

But everyone does their own evaluation as to how likely it is they would have to re-locate to find another job.
by sls239
Sat Aug 29, 2015 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Dear In-Laws: Less toys, more 529
Replies: 70
Views: 6351

Re: Dear In-Laws: Less toys, more 529

This problem is temporary because the toy phase is temporary. Soon enough, your child will be able to tell g-ma and g-pa themselves what they want. Teach them how to do so politely and foster a meaningful relationship between them so that the grandparents can see what gives the kids joy. Anyone who ...
by sls239
Sat Aug 29, 2015 11:37 am
Forum: Personal Consumer Issues
Topic: Debating whether to purchase a compact or midsize vehicle
Replies: 23
Views: 1493

Re: Debating whether to purchase a compact or midsize vehicle

My suggestion would be midsize. You aren't losing much in fuel economy but in my experience (Civic vs Accord) you get less road noise, smoother acceleration, better suspension, and a more comfortable interior. For a 50 mile commute, I think you'll appreciate the upgrades. I think if you are willing ...
by sls239
Fri Aug 28, 2015 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Prepaying Mortgage Question
Replies: 24
Views: 2472

Re: Prepaying Mortgage Question

Then I see no reason to pay the mortgage off early.

You might, however, want to consider getting involved with the condo association.
by sls239
Fri Aug 28, 2015 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting infrequent expenses (refrigerator, new tires, paint house, etc)
Replies: 27
Views: 2249

Re: Budgeting infrequent expenses (refrigerator, new tires, paint house, etc)

Rule of thumb is 2% of a home's value per year for repairs and maintenance. Although if it is a small house on a very expensive lot, that could be overkill. For a car - I think assuming a 10 year lifespan is fine. Then you have options if you don't replace right at the 10 year mark, and you have at ...
by sls239
Fri Aug 28, 2015 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Prepaying Mortgage Question
Replies: 24
Views: 2472

Re: Prepaying Mortgage Question

Do you actually see yourself living in this condo for the next 30 years? Because if you sell it in say 5 years, perhaps to buy a house or perhaps because of a relocation, then you will have earned 3.75% on a 5 year investment (not a 30 year duration). And if the next place you buy is more expensive ...
by sls239
Thu Aug 27, 2015 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Was about to change from 100% equity to 80%. Now what?
Replies: 71
Views: 7337

Re: Was about to change from 100% equity to 80%. Now what?

I think the first step is to define what you mean by optimal.
by sls239
Thu Aug 27, 2015 6:55 am
Forum: Personal Consumer Issues
Topic: Catch 22 Painting Issue and RRP
Replies: 4
Views: 863

Re: Catch 22 Painting Issue and RRP

This link from the EPA may help you find someone who can follow the standards.

http://cfpub.epa.gov/flpp/searchrrp_firm.htm

There is no safe level of lead exposure, so it just isn't something I would mess around with.
by sls239
Wed Aug 26, 2015 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Dipping into the emergency fund for rebalancing purposes during market downturns?
Replies: 29
Views: 3276

Re: Dipping into the emergency fund for rebalancing purposes during market downturns?

No, I wouldn't.

There's nothing that stops emergencies from occurring before the market goes back up.

In fact, if a downturn drags the whole economy with it (or is it the other way around?) then it can increase your chances of needing that emergency fund.
by sls239
Sun Aug 16, 2015 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: How would you invest if you were us? Beginner
Replies: 12
Views: 1472

Re: How would you invest if you were us? Beginner

I think you need to work on getting comfortable with a little more risk, if not right away, then over time. Because right now, you have a split of about 20% stocks and 80% fixed income. Long-term, that just isn't likely to cut it. I think you should look at some projections - like firecalc - to help...
by sls239
Fri Aug 14, 2015 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: 401K rollover advice?
Replies: 21
Views: 676

Re: 401K rollover advice?

Is there a reason you aren't interested in the target date funds that Vanguard offers?
by sls239
Fri Aug 14, 2015 2:19 pm
Forum: Investing - Theory, News & General
Topic: When do you notice the compounding at work?
Replies: 52
Views: 7336

Re: When do you notice the compounding at work?

Personally I felt it was a turning point approximately when a 1% swing in stock prices resulted in difference in value of a full month of income.

And that happened about 10 years in.
by sls239
Mon Aug 10, 2015 10:46 am
Forum: Investing - Help with Personal Investments
Topic: Coworkers Ignorant to Retirement Savings and Investing
Replies: 41
Views: 4032

Re: Coworkers Ignorant to Retirement Savings and Investing

I like to use the combining knowledge and a question strategy. So in this case you would say - so the funds are what determines how much we make, does the provider control what funds we are offered? Sometimes people don't even know the right questions to ask, so when you can be there to ask the righ...
by sls239
Mon Aug 10, 2015 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Former Housemate Owes Money - What to do?
Replies: 97
Views: 6127

Re: Former Housemate Owes Money - What to do?

Another option is to offer a settlement. What she would do is draft a letter detailing how much is owed. Then offer to accept a certain amount of money by a certain date as payment in full. It is important that the settlement offer have an expiration date, both to motivate the person to pay quickly ...
by sls239
Sat Aug 08, 2015 9:21 am
Forum: Personal Consumer Issues
Topic: Verizon Killing off 2-Year Contracts & Phone Subsidies
Replies: 129
Views: 11665

Re: Verizon Killing off 2-Year Contracts & Phone Subsidies

I think the answer is $85 for the 3GB shared data plus 2 $20 access fees. Also, not that it matters now, but Verizon has a policy that if you are eligible for an upgrade and haven't upgraded they will give you $15 off per month per phone eligible for upgrade. But again, they never go blabbing about ...
by sls239
Sat Aug 08, 2015 8:36 am
Forum: Investing - Theory, News & General
Topic: Rebalancing at a low, or wait for a bounce?
Replies: 13
Views: 1263

Re: Rebalancing at a low, or wait for a bounce?

Take the opportunity to make your portfolio look more like you want it to look.

Sure, that sector may go up. But actually going up isn't sufficient - it would have to go up more / faster than the alternative. That would be the bet you would be making if you keep it the way it is.
by sls239
Sat Aug 08, 2015 7:47 am
Forum: Personal Consumer Issues
Topic: Verizon Killing off 2-Year Contracts & Phone Subsidies
Replies: 129
Views: 11665

Re: Verizon Killing off 2-Year Contracts & Phone Subsidies

Thanks for the info. Verizon has lowered their pricing and it looks like this is yet another decrease. But you have to change your plan to get the lower price, so I appreciate someone bringing it to my attention.
by sls239
Fri Aug 07, 2015 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Seller conceals known defects: fraud question
Replies: 53
Views: 5758

Re: Seller conceals known defects: fraud question

I don't suppose she has access to free or cheap legal help through her university or employer?

If not, the least I would do is make a scan of that inspection report and e-mail it to every realty office in town. Then they have a chance of protecting their buyers.
by sls239
Fri Aug 07, 2015 10:53 am
Forum: Personal Consumer Issues
Topic: Best used car for under 15k?
Replies: 40
Views: 3489

Re: Best used car for under 15k?

I think you may have gotten it switched. The 2012 was an poor year for the Civic, it was a redesign that was so bad that they made significant changes for the 2013 model. You'd actually be better off with a 2011. But to be honest, if I were looking for a car to drive for the next 15 years, it would ...
by sls239
Thu Aug 06, 2015 9:54 am
Forum: Investing - Help with Personal Investments
Topic: Could John Bogle Be Right About International Stock?
Replies: 81
Views: 7949

Re: Could John Bogle Be Right About International Stock?

Here's the thing - In the US, stock investing is playing a central role in retirement plans. The middle class is heavily dependent on the market performing well in the long run in order to keep them comfortably in the middle class. And the difference in the standard of living of the middle class vs....
by sls239
Wed Aug 05, 2015 9:49 pm
Forum: Investing - Theory, News & General
Topic: The Long-Term Decline of Interest Rates
Replies: 63
Views: 6642

Re: The Long-Term Decline of Interest Rates

Well what if "the market" has actually gotten better at distinguishing very good credit risks from average, but not much better at distinguishing bad credit risks from average? Then wouldn't the expected outcome be that the best risk segment would have lower and more stable interest rates,...
by sls239
Wed Aug 05, 2015 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: Money from house sale - put on new mortgage or invest?
Replies: 9
Views: 1079

Re: Money from house sale - put on new mortgage or invest?

If you are self-employed can you not put some of it into an SEP-IRA? Since you already have a 15 year mortgage, I'd try to funnel as much of it towards tax-advantaged retirement accounts as possible. The idea being that if you give them a good boost now, if finances get tighter later (in two years o...
by sls239
Wed Aug 05, 2015 11:33 am
Forum: Personal Consumer Issues
Topic: Free Windows 10 Upgrade, Yes or No?
Replies: 329
Views: 29451

Re: Free Windows 10 Upgrade, Yes or No?

You can "create recovery drive" and you can save your "file history" to a back up drive.

Both of those are available under the control panel on the desktop side of 8.1.

I don't know what it really looks like if you have to use it though, I've never had to.
by sls239
Wed Aug 05, 2015 10:21 am
Forum: Personal Consumer Issues
Topic: Free Windows 10 Upgrade, Yes or No?
Replies: 329
Views: 29451

Re: Free Windows 10 Upgrade, Yes or No?

From what I understand, if you want the free upgrade to 10 you don't do the clean install first, you do the upgrade first.

Then if you later want to do a clean install of 10 you can.
by sls239
Tue Aug 04, 2015 10:16 am
Forum: Investing - Help with Personal Investments
Topic: Taking advantage of reduced tax bracket - 15%
Replies: 15
Views: 1746

Re: Taking advantage of reduced tax bracket - 15%

The best opportunity, if you can swing it, is for her to max out her 401(k) for this year, but delay tapping the taxable account until January of next year. Your options for keeping yourself in the 15% bracket will depend on if you itemize or not. If you do not itemize, then the wiggle room is mostl...
by sls239
Mon Aug 03, 2015 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: 529s and college scholarships
Replies: 12
Views: 1105

Re: 529s and college scholarships

The amount of the scholarship can be withdrawn from the 529 without penalty. So if 529 eligible expenses are $12K but he has a scholarship that covers $8K, he could withdraw $12K from the 529 and the scholarship would still be non-taxable. That $12K would consist of both contributions and earnings. ...
by sls239
Wed Jul 29, 2015 10:42 pm
Forum: Investing - Theory, News & General
Topic: Index Funds May Work a Little Too Well
Replies: 19
Views: 3770

Re: Index Funds May Work a Little Too Well

I don't understand this. I think it assumes that competition is a zero sum game. That fierce competitors can only advance at the expense of their rivals. But it is called investment for a reason. Even if you invest in all the, say, airlines, you still want them to compete against each other or none ...
by sls239
Tue Jul 28, 2015 1:05 pm
Forum: Personal Consumer Issues
Topic: Visiting Northern Kentucky / Mammoth Cave area with kids
Replies: 19
Views: 1061

Re: Visiting Northern Kentucky / Mammoth Cave area with kids

Holiday World in Santa Claus IN is a very nice amusement park for kids under 10, especially the waterpark. They give you free drinks and free sunscreen so you don't have to drag half a ton of water around all day either.
by sls239
Tue Jul 28, 2015 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Recent windfall - Currently 95% of assets in single stock - Tax and asset allocation advice appreciated
Replies: 79
Views: 5415

Re: Recent windfall - Currently 95% of assets in single stock - Tax and asset allocation advice appreciated

4% annualized return is not good enough IMO.

If a bank were only making a mortgage to a single person and there were no federal guarantees or bailouts, do you think they'd only charge 4%?

OP would essentially be lending this one company $500K in the hopes of making an extra $20K.
by sls239
Tue Jul 28, 2015 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Divorce [financial implications]
Replies: 72
Views: 7077

Re: Divorce

Go see a therapist, and take the children to a therapist, and pay for your wife to see a therapist. You don't want to lash out, but you don't want to shut-down either. IMO anyone short of a superhero would need some special help with this emotional time. And Nolo is, as always, a great starting plac...
by sls239
Tue Jul 28, 2015 11:29 am
Forum: Investing - Help with Personal Investments
Topic: Recent windfall - Currently 95% of assets in single stock - Tax and asset allocation advice appreciated
Replies: 79
Views: 5415

Re: Recent windfall - Currently 95% of assets in single stock - Tax and asset allocation advice appreciated

There is no way I would risk $500K to save $20K on taxes. I agree with talking to a good broker to figure out how to sell almost all of it as quickly as possible. Max out the 401(k) until all the extra money (money you are not going to donate or "gamble" with) has been funneled into retire...
by sls239
Tue Jul 28, 2015 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Can I reject a medical exam during insurance application without consequences?
Replies: 48
Views: 2971

Re: Can I reject a medical exam during insurance application without consequences?

Let's start with the fact that the possibilities are more than just approve / reject. Insurance companies have risk categories. So often, the result isn't that the exam comes up with something and boom you are rejected. If the exam comes up with something, you are generally shunted into a higher ris...
by sls239
Tue Jul 28, 2015 10:18 am
Forum: Personal Consumer Issues
Topic: wife got in wreck with Honda CRV - no collison coverage
Replies: 113
Views: 6994

Re: wife got in wreck with Honda CRV - no collison coverage

So honestly, it sounds like she is in denial. I don't think you should buy anything until she is ready to confront the issue. It is just too dangerous. It is not OK to be in several wrecks, it is not OK to rear-end other cars simply because they stopped unexpectedly. Something has to change before s...
by sls239
Tue Jul 28, 2015 9:55 am
Forum: Personal Consumer Issues
Topic: wife got in wreck with Honda CRV - no collison coverage
Replies: 113
Views: 6994

Re: wife got in wreck with Honda CRV - no collison coverage

What does your wife say about all this?
by sls239
Wed Jul 22, 2015 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Huge Mistake, Bought PBYI, Now What?
Replies: 26
Views: 3497

Re: Huge Mistake, Bought PBYI, Now What?

Why did you purchase the stock in the first place? And is that still true? Honestly, they don't really look like a biotech company to me, they look like a pharmaceutical company with just one drug in their pipeline, but a whole lot of investor information on their webpage. I wouldn't bet on a compan...
by sls239
Tue Jul 21, 2015 3:41 pm
Forum: Personal Consumer Issues
Topic: Do you hate your vehicle infotainment system?
Replies: 73
Views: 6238

Re: Do you hate your vehicle infotainment system?

Not an SUV, but I have a 2013 Mazda 3 with navigation and it actually works, generally. As good as a phone, I would say because each made exactly one mistake in a tricky area. (Shrug.) The climate is knobs and buttons, which I specifically looked for. The radio volume is a knob, the radio station pr...
by sls239
Tue Jul 21, 2015 10:47 am
Forum: Personal Finance (Not Investing)
Topic: How do people afford children with a SAHS?
Replies: 183
Views: 11179

Re: How do people afford children with a SAHS?

I would strongly caution you against putting yourself in a situation where housing is 50% of your income. Some people can do it, but they know that they have to make big sacrifices in every other area of their lives - including opportunities for the kids - to make that work. It doesn't just feel &qu...
by sls239
Mon Jul 20, 2015 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: honda civic or Prius?
Replies: 86
Views: 7434

Re: honda civic or Prius?

Can you put this off? I think Honda is going to come out with a civic sized hatchback, and she might like that even better.
by sls239
Mon Jul 13, 2015 10:11 pm
Forum: Investing - Theory, News & General
Topic: The Brainwashing of the American Investor
Replies: 68
Views: 8805

Re: The Brainwashing of the American Investor

Most of us just don't want to spend our lives and risk our money trying to be the next Warren Buffet or Selengut or any of those guys real or fake . That isn't smugness, that is self-awareness. You know what smug is? Including the word "Brainwashing" in your book title or thread title when...
by sls239
Sun Jul 12, 2015 9:10 am
Forum: Personal Consumer Issues
Topic: House Layout: Where to put Dining Table?
Replies: 23
Views: 1789

Re: House Layout: Where to put Dining Table?

I think it depends on how you will use the dining room and the table. We use our dining room table for all sorts of things, from meals to board games, craft and science projects - really anything that requires a large table and we do a fair amount of entertaining there too. And because of this, it i...
by sls239
Fri Jul 10, 2015 6:09 pm
Forum: Personal Consumer Issues
Topic: New Car or 2014 Used Car Purchase?
Replies: 11
Views: 1188

Re: New Car or 2014 Used Car Purchase?

My thought is why not try for a good deal on a used car? The worst that happens is that you cannot make the deal go through and end up buying new anyway right? Most dealers have their inventory available on the internet. If you find one you like, make an offer. Pay no attention to the price they hav...
by sls239
Tue Jun 30, 2015 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone have a cordless electric or robotic lawn mower?
Replies: 8
Views: 1011

Re: Anyone have a cordless electric or robotic lawn mower?

We bought the ego. We used to have a B&D we bought when we lived in TX and only had to mow every two weeks. It did not have a replaceable battery so it eventually died. I love the Ego. It mulches so well - it is almost a fine powder. And it actually does OK with thick tallish grass. And the batt...
by sls239
Tue Jun 30, 2015 9:59 pm
Forum: Personal Consumer Issues
Topic: Used, Reliable, Safe, Financially Sound cars
Replies: 56
Views: 6511

Re: Used, Reliable, Safe, Financially Sound cars

Years ago, Toyota was the brand known for reliability. I bought a Honda. Now, Toyota and Honda are known as the reliable brands. I happened to have bought a 2013 Mazda 3 hatchback last December. So I'm making a prediction. It has a good amount of cargo room, it goes when you push the gas (Skyactiv e...
by sls239
Tue Jun 30, 2015 9:37 pm
Forum: Investing - Theory, News & General
Topic: Emergdoc on Mr. Money Mustache
Replies: 186
Views: 22229

Re: Emergdoc on Mr. Money Mustache

I'm a little surprised that he didn't bring up MMM advice on health care which basically consists of "be healthy."

The fact that many people are diagnosed with asthma as kids, cancer as teenagers, or other diseases completely unaffected by any life choices seems to escape him.
by sls239
Fri Jun 26, 2015 4:15 pm
Forum: Investing - Theory, News & General
Topic: Marriage, Compatibility, and Investment Assumptions – Am I being reactionary?
Replies: 23
Views: 2068

Re: Marriage, Compatibility, and Investment Assumptions – Am I being reactionary?

Nobody is immune. As far as worst case scenarios go - market returns of .5% real are not nearly as likely as a lot of other events. Like not being able to continue to make contributions due to illness, late in career layoff, or other issues or even, as you mentioned - living beyond current life expe...
by sls239
Fri Jun 26, 2015 2:00 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads are more aggressive...
Replies: 57
Views: 6845

Re: Bogleheads are more aggressive...

Forgive me, but what about They are more male, and when talking about their % in stocks it becomes similar to a genitalia measuring contest? Risk taking is acting as a proxy for virility. And I don't think Bogleheads are younger. I think they are older compared to other forums in which investing is ...

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