Search found 253 matches

by Gufomel
Sat Mar 24, 2018 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: How does it make sense to buy a condo/house in Texas?
Replies: 97
Views: 6778

Re: How does it make sense to buy a condo/house in Texas?

You’re comparing a $300k home to a $500-700 per month rental? I’m not sure what city in Texas you’re referring to, but if $300k is an average middle-class home in that area, then a place that you can rent for $500-700 per month would be an absolute dump of an apartment. Probably 800 square feet, 60 ...
by Gufomel
Mon Mar 05, 2018 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting: Is "saving" for future large expenses classified as savings?
Replies: 35
Views: 1554

Re: Budgeting: Is "saving" for future large expenses classified as savings?

Cars should only be counted in net worth for purposes of computing federal or state death taxes. Otherwise they are depreciating assets that will be worth near zero in less than 10 years. Cars are an expense, pure consumption Agree and disagree. If you're closely tracking you're net worth, I think ...
by Gufomel
Mon Mar 05, 2018 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting: Is "saving" for future large expenses classified as savings?
Replies: 35
Views: 1554

Re: Budgeting: Is "saving" for future large expenses classified as savings?

Cars should only be counted in net worth for purposes of computing federal or state death taxes. Otherwise they are depreciating assets that will be worth near zero in less than 10 years. Cars are an expense, pure consumption Agree and disagree. If you're closely tracking you're net worth, I think ...
by Gufomel
Mon Mar 05, 2018 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting: Is "saving" for future large expenses classified as savings?
Replies: 35
Views: 1554

Re: Budgeting: Is "saving" for future large expenses classified as savings?

You ask a good question. I would consider retirement savings or non-earmarked savings as true "savings." For money socked away for non-monthly but recurring things like maintenance or buying a car, I would count them as expenses, and you're socking funds away on the months you don't have the expens...
by Gufomel
Mon Mar 05, 2018 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting: Is "saving" for future large expenses classified as savings?
Replies: 35
Views: 1554

Re: Budgeting: Is "saving" for future large expenses classified as savings?

As asked in the title, is "saving" for future large expenses (car purchase, new roof, etc) classified as savings when looking at your budget category percentages? As long as you account for both the savings and the expected large expenses, it's perfectly reasonable. There are no free lunches. You w...
by Gufomel
Mon Mar 05, 2018 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting: Is "saving" for future large expenses classified as savings?
Replies: 35
Views: 1554

Budgeting: Is "saving" for future large expenses classified as savings?

As asked in the title, is "saving" for future large expenses (car purchase, new roof, etc) classified as savings when looking at your budget category percentages? I'm primarily asking this question to people who keep a written budget. But even people who don't keep a strict budget will often say som...
by Gufomel
Wed Feb 21, 2018 9:48 am
Forum: Personal Finance (Not Investing)
Topic: New HSA and Impact on FSA Balance
Replies: 5
Views: 285

Re: New HSA and Impact on FSA Balance

As far as your second question about the 12/30 bill, I assume your plan allows you to make claims through 3/31 for services rendered the previous year? If so, can you pay the bill out of pocket and request reimbursement through your online system?
by Gufomel
Wed Feb 21, 2018 9:46 am
Forum: Personal Finance (Not Investing)
Topic: New HSA and Impact on FSA Balance
Replies: 5
Views: 285

Re: New HSA and Impact on FSA Balance

I have a similar FSA plan where you can roll over $500 to the next year. I believe I recall coming across something at one point which said that you can roll over $500 to the next year if you're continuing to participate in (contribute to) the FSA plan . I didn't really look into it in more detail b...
by Gufomel
Tue Feb 20, 2018 7:50 am
Forum: Personal Finance (Not Investing)
Topic: How to admit/should I admit alcohol problem to employer
Replies: 115
Views: 22417

Re: How to admit/should I admit alcohol problem to employer

chevca wrote:
Tue Feb 20, 2018 7:40 am
It's a 4 year old thread and the OP has 10 posts total. Do you think they're still hanging around on the forum??? Why dig this up???
According to the OP, they are (or at least were) a regular poster under a different username. Perhaps they're still a regular here and will see this bump.
by Gufomel
Thu Feb 15, 2018 4:02 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6537
Views: 1400717

Re: U.S. stocks in freefall

Market closed at around early Jan level. This crash has been just brutal.

:wink:
by Gufomel
Wed Feb 14, 2018 2:20 pm
Forum: Personal Consumer Issues
Topic: Vanguard Golf Balls
Replies: 15
Views: 1630

Re: Vanguard Golf Balls

MJW wrote:
Wed Feb 14, 2018 12:14 pm
Vanguard golf balls: helping you stay the course.



Thank you; I'll be here all week.
This thread ended here. Well done.
by Gufomel
Wed Feb 14, 2018 1:01 pm
Forum: Investing - Help with Personal Investments
Topic: Is This Action by Megacorp Legal?
Replies: 65
Views: 4355

Re: Is This Action by Megacorp Legal?

In opinion it doesn't really matter what the performance is over the short-term or long-term for the various concerned funds. What matters (again, in my opinion) is whether advance notice was or was not sent. If it was not, that seems absurd to me, if not illegal. From a legality standpoint, I don't...
by Gufomel
Wed Feb 14, 2018 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Net worth progression: what am i doing wrong?
Replies: 32
Views: 7045

Re: Net worth progression: what am i doing wrong?

My only comment: why are you investing in taxable while not maxing out your 401k and a Roth? I do not plan to reside in the US and will probably go back to my home country in 5-6 years time frame. I'm assuming that the tax benefit of a 401k/Roth would be lost if moving back to the OPs home country....
by Gufomel
Wed Feb 14, 2018 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Net worth progression: what am i doing wrong?
Replies: 32
Views: 7045

Re: Net worth progression: what am i doing wrong?

My only comment: why are you investing in taxable while not maxing out your 401k and a Roth? I do not plan to reside in the US and will probably go back to my home country in 5-6 years time frame. I'm assuming that the tax benefit of a 401k/Roth would be lost if moving back to the OPs home country....
by Gufomel
Mon Feb 12, 2018 9:25 am
Forum: Investing - Help with Personal Investments
Topic: Ally Bank no penalty CD withdrawal
Replies: 5
Views: 1172

Re: Ally Bank no penalty CD withdrawal

The current balance for my no penalty CD looks to be accurate based on my calculation. Are you sure you're using the Interest Rate and not the Annual Percentage Yield in your calculation? If you're doing a daily compounding in your calculation, you would need to use the Interest Rate / 365 as your d...
by Gufomel
Fri Feb 09, 2018 10:01 am
Forum: Personal Consumer Issues
Topic: Multiiple indicator lights on (car)
Replies: 44
Views: 1811

Re: Multiiple indicator lights on (car)

I would echo previous comments about low battery. Unfortunately, the time that I experienced a similar issue with multiple lights, the ultimate cause was the alternator. Hopefully it's just a battery for you, but you'll probably need to have the alternator checked out as well.
by Gufomel
Thu Feb 08, 2018 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Hole
Replies: 163
Views: 13981

Re: Financial Hole

Yep, everything has been said. Btw, I was shocked to find out that the APR% for 2-week payday loan can reach up to 1000% Just think about it. That's crazy. In theory, even significantly higher. If it's 25% for 2 weeks, that's 329x original principal for a year if compounded (according to the Khan A...
by Gufomel
Thu Feb 08, 2018 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Financial Hole
Replies: 163
Views: 13981

Re: Financial Hole

This question has been asked, but I hadn't seen it answered (may have missed it): Why are you having to commute 140 miles round trip for a minimum wage job? Are you saying there is literally no fast-food restaurant or grocery store anywhere within ~20 miles that will hire? Maybe you enjoy working as...
by Gufomel
Tue Feb 06, 2018 11:53 am
Forum: Investing - Theory, News & General
Topic: Keep your eye on the owner, not the dog
Replies: 31
Views: 4929

Re: Keep your eye on the owner, not the dog

Unfortunately that dog is on a 2-mile long extendable leash and sometimes for extended periods of time he starts moving southwest at around 6 miles per hour, often only narrowly missing getting hit by a truck. It's sometimes difficult to maintain faith that he will ultimately end up northeast at an ...
by Gufomel
Tue Feb 06, 2018 8:26 am
Forum: Investing - Theory, News & General
Topic: Reinvesting Dividends & Cap gains: As you go, or once annually?
Replies: 5
Views: 391

Re: Reinvesting Dividends & Cap gains: As you go, or once annually?

Taxable or tax deferred account?

If tax deferred account, there's no reason to not have them reinvested automatically.

If taxable, for administrative reasons (# of tax lots), you might prefer to accumulate dividends in a cash account and reinvest them quarterly or annually.
by Gufomel
Mon Feb 05, 2018 3:19 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6537
Views: 1400717

Re: U.S. stocks in freefall

Quite the volatility out there with people panic selling and robots buying the dips.
by Gufomel
Mon Feb 05, 2018 1:33 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6537
Views: 1400717

Re: U.S. stocks in freefall

It's just normal correction.. I sure hope not. Need at least a 30% market decline to make stocks at all attractive for the long run. I think so. A 30% correction and start from there with 7 to 8% annual return seems more sustainable. But people (include many BH) believe quick money. As soon I see m...
by Gufomel
Mon Feb 05, 2018 12:48 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6537
Views: 1400717

Re: U.S. stocks in freefall

It's just normal correction.. I sure hope not. Need at least a 30% market decline to make stocks at all attractive for the long run. I think so. A 30% correction and start from there with 7 to 8% annual return seems more sustainable. But people (include many BH) believe quick money. As soon I see m...
by Gufomel
Mon Feb 05, 2018 12:33 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6537
Views: 1400717

Re: U.S. stocks in freefall

deleted
by Gufomel
Fri Feb 02, 2018 2:56 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6537
Views: 1400717

Re: U.S. stocks in freefall

Anybody know the reason for the fall? I am confused as the US economy is growing, the job market is tight, earnings are decent and the world economy seems to be picking up. Internationally Oil prices are increasing as is demand, there is no real war that can or may break out. Syria, Iraq, Afghanist...
by Gufomel
Fri Feb 02, 2018 2:37 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6537
Views: 1400717

Re: U.S. stocks in freefall

Anybody know the reason for the fall? I am confused as the US economy is growing, the job market is tight, earnings are decent and the world economy seems to be picking up. Internationally Oil prices are increasing as is demand, there is no real war that can or may break out. Syria, Iraq, Afghanist...
by Gufomel
Fri Feb 02, 2018 8:52 am
Forum: Investing - Theory, News & General
Topic: All In Vanguard, Or Not?
Replies: 18
Views: 2139

Re: All In Vanguard, Or Not?

I project that putting 100% of your investments in Amazon from 2013-2017 would yield a significantly higher return for you than your Vanguard portfolio.

And because I'm so kind, I'll only charge you a 1% annual fee for this fantastic advice.
by Gufomel
Fri Feb 02, 2018 7:46 am
Forum: Investing - Help with Personal Investments
Topic: I BONDS Maturing in 2030
Replies: 42
Views: 2926

Re: I BONDS Maturing in 2030

My only solution (that I can see at this time) is to sell our I Bonds little by little over the next 12 years so that in year 2030 we will have no more than $30,000 in accrued interest. With a high fixed rate I Bond, it probably makes more sense to hold until maturity. In the following example this...
by Gufomel
Fri Jan 26, 2018 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Lock mortgage rate now(for a cost) or let it ride 9 days
Replies: 5
Views: 438

Re: Lock mortgage rate now(for a cost) or let it ride 9 days

We were in a similar situation over a year ago, but we were over a month away from the "no fee" lock-in date. Additionally, Election Day was before the lock-in date, so that presented even more risk. I believe our fee to go ahead and lock-in early was also 0.125%. We did it, and are very glad we did...
by Gufomel
Fri Jan 26, 2018 8:15 am
Forum: Investing - Theory, News & General
Topic: Bitcoin bubble ending with a flat top rather than a sharp drop?
Replies: 33
Views: 2601

Re: Bitcoin bubble ending with a flat top rather than a sharp drop?

For 99% of people that own bitcoin the only reason to own it is as a bet that it will go up. If it levels off then there is no reason for them to keep it or for most other people to buy it. Ironically, if bitcoin does actually level off, it would actually be better achieving its supposed purpose - ...
by Gufomel
Thu Jan 25, 2018 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking About Timing the Market
Replies: 75
Views: 5991

Re: Thinking About Timing the Market

(4) Stock prices are at record highs. This means that if I buy stocks (today), I'm paying among the highest (worst) prices ever, but if I sell stocks, I'm receiving some of the highest (best) prices ever. Thoughts? Other than prices being "high", what about it makes that "the worst" time to buy the...
by Gufomel
Wed Jan 24, 2018 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 $200 bonus (and now $300 checking bonus)
Replies: 221
Views: 32900

Re: Capital One 360 $200 bonus (and now $300 checking bonus)

Update: Just came across comments on Doctor of Credit with other people reporting the same issue. Based on their chat with customer service, sounds like it was in fact an accounting error and corrected 1099-INTs should be issued in February. Hopefully that will automatically happen for everyone reg...
by Gufomel
Wed Jan 24, 2018 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 $200 bonus (and now $300 checking bonus)
Replies: 221
Views: 32900

Re: Capital One 360 $200 bonus (and now $300 checking bonus)

Update: Just came across comments on Doctor of Credit with other people reporting the same issue. Based on their chat with customer service, sounds like it was in fact an accounting error and corrected 1099-INTs should be issued in February. Hopefully that will automatically happen for everyone rega...
by Gufomel
Wed Jan 24, 2018 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 $200 bonus (and now $300 checking bonus)
Replies: 221
Views: 32900

Re: Capital One 360 $200 bonus (and now $300 checking bonus)

I did this bonus when it was $400 in June. However, it looks now like there's an issue. I went to download my Form 1099-INT for taxes, and noticed that it double counted the bonus. When I went to look at my account history, I noticed that they deducted the $400 bonus on December 13th and then added ...
by Gufomel
Thu Jan 18, 2018 6:50 am
Forum: Investing - Theory, News & General
Topic: 0% growth on stocks for the next decade?
Replies: 16
Views: 2042

0% growth on stocks for the next decade?

In an article on March 22, 2017, Bogle was quoted as saying that investors should expect a 4% annual nominal return on stocks over the next decade (2% dividend + 2% growth). https://www.cnbc.com/2017/03/22/jack-bogle-believes-the-stock-market-will-return-only-4-annually-over-the-next-decade.html I d...
by Gufomel
Wed Jan 17, 2018 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: Make me feel good about my bond allocation
Replies: 46
Views: 5287

Re: Make me feel good about my bond allocation

The S&P 500 isn't an appropriate benchmark for a 63/37 portfolio. Your portfolio has significantly lower risk than the S&P, so you should expect lower return. Is your expected retirement in roughly 10 years? If so, something in the ballpark of a 60/40 portfolio sounds reasonable. Age-13 seems to be ...
by Gufomel
Tue Jan 09, 2018 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Cash e-fund + multiple sinking funds - How far do you go?
Replies: 12
Views: 1231

Re: Cash e-fund + multiple sinking funds - How far do you go?

As one poster said, it's ultimately what you're comfortable with. We've been going through the same discussion and are around your age. We're risk averse and would not be comfortable with simply a bare-bones EF in cash. I'm constantly evaluating the expected future cost of various home, car, medical...
by Gufomel
Wed Dec 20, 2017 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: Medium Term (2-4 year horizon) investment advice
Replies: 28
Views: 1105

Re: Medium Term (2-4 year horizon) investment advice

What I understand him to be saying is that you should think of this $75k short-term savings and your retirement account as one entire portfolio, and invest the entire thing according to your desired asset allocation. For tax purposes, it's better for you to hold your stock funds in a taxable accoun...
by Gufomel
Wed Dec 20, 2017 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Medium Term (2-4 year horizon) investment advice
Replies: 28
Views: 1105

Re: Medium Term (2-4 year horizon) investment advice

atlgenxennial, The whole rationale is wrong and it will cost you more money. You have only one portfolio. This taxable account is part of your overall portfolio. Put your stock index fund into this account in order to minimize taxes. Please read below URL. https://www.bogleheads.org/wiki/Tax-effici...
by Gufomel
Wed Dec 20, 2017 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: Medium Term (2-4 year horizon) investment advice
Replies: 28
Views: 1105

Re: Medium Term (2-4 year horizon) investment advice

Yes it’s possible to withdraw money penalty-free from tax-advantaged accounts if structured correctly. But it’s still tax advantaged space that you will never get back if you end up having to withdraw from your IRA because you only kept stock funds in your taxable account and they tanked before you ...
by Gufomel
Wed Dec 20, 2017 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Medium Term (2-4 year horizon) investment advice
Replies: 28
Views: 1105

Re: Medium Term (2-4 year horizon) investment advice

You still need $75k for spending on whatever it was you were intending on buying in 2-4 years, but you no longer have it in liquidate-able form - it's sitting in your retirement account. No one has ever been able to explain this in a way that I can understand. Perhaps I'm just dumb. Gufomel, You ne...
by Gufomel
Wed Dec 20, 2017 1:01 pm
Forum: Investing - Help with Personal Investments
Topic: Medium Term (2-4 year horizon) investment advice
Replies: 28
Views: 1105

Re: Medium Term (2-4 year horizon) investment advice

atlgenxennial, The whole rationale is wrong and it will cost you more money. You have only one portfolio. This taxable account is part of your overall portfolio. Put your stock index fund into this account in order to minimize taxes. Please read below URL. https://www.bogleheads.org/wiki/Tax-effici...
by Gufomel
Tue Dec 19, 2017 7:14 am
Forum: Personal Consumer Issues
Topic: Piano damaged when exercise bike installed
Replies: 13
Views: 1680

Re: Piano damaged when exercise bike installed

Sounds like they need to invest in some of these (saw it on Shark Tank). Hope you get the scratches repaired without too much difficulty.

https://allsharktankproducts.com/shark- ... tool-tray/
by Gufomel
Wed Nov 29, 2017 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 149
Views: 17667

Re: A good friend has nearly $1M in BitCoin what do I tell him?

Good for him. He's also "lost" ~$100k in the last 30 minutes as the price tanked from over $11,000 to under $10,000. I'm sure it's an exhilarating ride, but not one that many have the stomach for. Now down to $9000. So he's down about $200k in the matter of an hour or so. Again, he's apparently got...
by Gufomel
Wed Nov 29, 2017 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 149
Views: 17667

Re: A good friend has nearly $1M in BitCoin what do I tell him?

Good for him. He's also "lost" ~$100k in the last 30 minutes as the price tanked from over $11,000 to under $10,000. I'm sure it's an exhilarating ride, but not one that many have the stomach for.
by Gufomel
Fri Nov 17, 2017 12:15 pm
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 238
Views: 30172

Re: MoviePass-Too good to be true, but it's legit.

Really though, how many people go (or want to go) to more than 12 movies a year in a theater? That's assuming this subscription price stays at $10/month. I would be surprised if it doesn't ultimately settle at around $15 or $20/month in the long-term for this subscription, in which case you're talk...
by Gufomel
Fri Nov 17, 2017 11:11 am
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 238
Views: 30172

Re: MoviePass-Too good to be true, but it's legit.

Really though, how many people go (or want to go) to more than 12 movies a year in a theater? That's assuming the price stays at $10/month. I would be surprised if it doesn't ultimately settle at around $15 or $20/month in the long-term for this subscription, in which case you're talking about 18-2...
by Gufomel
Fri Nov 17, 2017 10:24 am
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 238
Views: 30172

Re: MoviePass-Too good to be true, but it's legit.

Really though, how many people go (or want to go) to more than 12 movies a year in a theater? That's assuming this subscription price stays at $10/month. I would be surprised if it doesn't ultimately settle at around $15 or $20/month in the long-term for this subscription, in which case you're talki...
by Gufomel
Fri Nov 17, 2017 9:58 am
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 238
Views: 30172

Re: MoviePass-Too good to be true, but it's legit.

If you offered to pay me $10/month but I had to go watch at least 1 movie in a movie theater per month, I'd probably pass. :D +1. I really dislike the experience. We might go once a year. That once a year was Tuesday, as part of our anniversary. Wife wanted to see Thor. Movie was OK, the very obese...