Search found 724 matches

by Jags4186
Thu Mar 23, 2017 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Capital Gains on real estate?
Replies: 5
Views: 204

Re: Capital Gains on real estate?

In the unlikely event she's had the same bank all these years she might be able to get cancelled checks but I don't know if they would even keep records back that far. Consider her fortunate that she has a house that has appreciated to the tune of 1500%

Good luck!
by Jags4186
Thu Mar 23, 2017 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: 100% stocks w/pension?
Replies: 9
Views: 740

Re: 100% stocks w/pension?

If all your income needs are covered by pensions and SS, I'd be 100% stocks too at age 55. I would invest for maximum return though which would mean more of a slice and dice, not just a 100% TSM. Make sure you have appropriate insurance in place (LTC, Umbrella, etc.) so you wouldn't need to dip into...
by Jags4186
Thu Mar 23, 2017 9:35 am
Forum: Investing - Help with Personal Investments
Topic: International Allocation
Replies: 16
Views: 502

Re: International Allocation

Here come the "lets invest more in international because it's up 10% YTD" threads.
by Jags4186
Thu Mar 23, 2017 9:12 am
Forum: Investing - Help with Personal Investments
Topic: Why did my fund GO UP so much?
Replies: 32
Views: 2266

Re: Why did my fund GO UP so much?

Meanwhile amateur hour over at Berkshire Hathaway thinks he's the best investor...
by Jags4186
Wed Mar 22, 2017 6:10 pm
Forum: Investing - Theory, News & General
Topic: CEFs beat Vanguard
Replies: 9
Views: 1005

Re: CEFs beat Vanguard

If Fund A grows from $100 to $110 and pays $0 in dividends in a 1 year period, it has a 10% return. If Fund B grows from $100 to $100 and pays $10 in dividends in a 1 year period, it has a 10% return. If Fund C grows from $100 to $105 and pays a $5 dividend in a 1 year period, it has a 10% return. T...
by Jags4186
Mon Mar 20, 2017 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Amex Platinum $450/yr annual fee but 100,000 points
Replies: 57
Views: 9511

Re: Amex Platinum $450/yr annual fee but 100,000 points

I can't believe that their current signup offer is a piddly 40k points. What idiot would sign up for the card knowing that they run the 100k deal? I want the card because I need the points transferred to Delta for a winter vacation, but 40k is useless, and also nowhere near enough value for a $450 ...
by Jags4186
Mon Mar 20, 2017 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Recommended emergency fund for middle class households: $13,800
Replies: 64
Views: 6228

Re: Recommended emergency fund for middle class households: $13,800

Right now I have about $32k in cash between checking and savings and that represents about 8 months of expenses.

I also have $120k in a taxable account and maybe 70k in Roth contributions that could be accessed.
by Jags4186
Mon Mar 20, 2017 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Credit Card Rewards Question
Replies: 5
Views: 580

Re: Fidelity Credit Card Rewards Question

Fidelity used to offer two cashback credit cards, both serviced by FIA Card Services (Bank of America) Fidelity Visa: which offered 1.5% cashback on purchases up to $15,000 annually and then 2% cashback thereafter. Fidelity Amex: which offered 2% cashback on all purchases If you previously held the ...
by Jags4186
Mon Mar 20, 2017 9:26 am
Forum: Investing - Help with Personal Investments
Topic: Will new index funds ever come out?
Replies: 12
Views: 1274

Re: Will new index funds ever come out?

The price of a mutual fund is meaningless. It is a unit-less measurement. Would you rather buy milk for $2.69 or $0.80? Oh, let me add that the units are gallon and quart respectively. Do you understand the illustration? The price of a mutual fund is meaningless. There is absolutely no difference b...
by Jags4186
Sun Mar 19, 2017 10:59 am
Forum: Personal Finance (Not Investing)
Topic: First Home and Another Investment Property
Replies: 11
Views: 532

Re: First Home and Another Investment Property

You don't have enough cash to close, you can't qualify, and you'd have monthly PITI payments of about $5100/mo. I would vote no.
by Jags4186
Sat Mar 18, 2017 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: Expense Ratio question
Replies: 13
Views: 730

Re: Expense Ratio question

Past performance does not guarantee future returns. You will forever pay that 1.7% even when the fund under performs. Also make sure you're comparing apples to apples, an emerging markets fund will have much different performance than a total int'l fund and they both are "international." T...
by Jags4186
Sat Mar 18, 2017 6:30 am
Forum: Personal Consumer Issues
Topic: When does a new computer make sense...
Replies: 27
Views: 1654

Re: When does a new computer make sense...

If you don't feel like you're missing anything and your computer works fine there is no reason to upgrade. There hasn't been any significant advancements in a while in regular PCs. Just faster more power efficient chips and longer battery life. Unless you do something that requires that you aren't m...
by Jags4186
Fri Mar 17, 2017 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Guidelines for when to get a new credit card?
Replies: 16
Views: 1198

Re: Guidelines for when to get a new credit card?

Best time is when historical best offer, or close to it, is available. You can find out about historical best offers at https://www.uscreditcardguide.com/en/ Most cards require minimum spend to get a bonus. Make sure you can hit the minimum spend before signing up. Nothing worse than signing up and ...
by Jags4186
Fri Mar 17, 2017 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating tips for selling condo to tenant
Replies: 35
Views: 2877

Re: Negotiating tips for selling condo to tenant

IANAL but depending on the state you live in it can be very difficult to just get the tenant to leave if they don't want to leave. Simply telling a tenant to leave at the end of a lease may not be as easy as you think. I know this because my grandmother lived in a garden apartment complex that was c...
by Jags4186
Fri Mar 17, 2017 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Endless Job Interviews (with same company)
Replies: 58
Views: 5472

Re: Endless Job Interviews (with same company)

Tough spot to be in. I was recruited by a former coworker to a new company. I went on 5 interviews. Was then taken out to a nice dinner by the former coworker which I thought was a "pre offer welcome to the club dinner". Never heard from them again. Unless you really need the job, it's a p...
by Jags4186
Fri Mar 17, 2017 8:20 am
Forum: Investing - Theory, News & General
Topic: Why don't things "feel" bubbly?
Replies: 76
Views: 8323

Re: Why don't things "feel" bubbly?

Things don't feel bubbly because the stock market has performed below historical average for the past 20 years. We have had two huge bear markets in recent history. It only makes sense that to "revert to the mean" you'd need some big bull markets. The 20 year annualized return for the S&am...
by Jags4186
Thu Mar 16, 2017 8:08 pm
Forum: Personal Consumer Issues
Topic: Preparing financially for our funerals - prepay or not?
Replies: 113
Views: 8761

Re: Preparing financially for our funerals - prepay or not?

I'm not spending my money to bury myself. My estate can pay whatever it costs and my heirs can have whatever is left.
by Jags4186
Thu Mar 16, 2017 8:40 am
Forum: Investing - Theory, News & General
Topic: How do international ETFs work if they are open during US hours but international markets aren't?
Replies: 23
Views: 1624

How do international ETFs work if they are open during US hours but international markets aren't?

I was thinking about this this morning... If I buy VXUS, Vanguard Total International Index Fund, the price moves up and down from 9:30AM until 4PM EST. But most of the international markets, and presumably most of the stocks held in that fund, are not trading from 9:30AM until 4PM EST. So how does ...
by Jags4186
Wed Mar 15, 2017 4:51 pm
Forum: Investing - Theory, News & General
Topic: Motif Investing Implementation of Ultimate Buy and Hold
Replies: 22
Views: 1741

Re: Merriman Ultimate Buy and Hold RoboAdvisor

Like Paul Merriman.

Problem is if you try to implement his strategy and you have a large 401k balance. It's impossible to replicate--at least with my options.
by Jags4186
Tue Mar 14, 2017 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: "We’re not going back to the ‘80s, but expect the Fed to raise rates" by Joe Davis of Vanguard
Replies: 28
Views: 3476

Re: "We’re not going back to the ‘80s, but expect the Fed to raise rates" by Joe Davis of Vanguard

I'm just depressed that I'm about 2 years out on a home purchase and I know interest rates will be higher. I'm figuring in 2 years we'll be between 6-7% on conventional 30 yr mortgages. If that happens, prices will be much lower. Don't count on that either. The inventory isn't there and sellers may...
by Jags4186
Tue Mar 14, 2017 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Is this 401(k) tid bit true ?! Max out pre-tax and after-tax
Replies: 3
Views: 469

Re: Is this 401(k) tid bit true ?! Max out pre-tax and after-tax

It's called a Mega Backdoor Roth IRA. Search that term.
by Jags4186
Tue Mar 14, 2017 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Did I Buy Too Much Home?!?!?!
Replies: 42
Views: 4383

Re: Did I Buy Too Much Home?!?!?!

If you chopped a zero off your numbers and were talking about someone with $60,000 in income who was buying a $190,000 house with a 20% down payment it would look more like a bit of a stretch but not too unreasonable. That type of analysis doesn't really apply IMO. If OP spends 30% of his income on...
by Jags4186
Tue Mar 14, 2017 6:34 am
Forum: Personal Finance (Not Investing)
Topic: Did I Buy Too Much Home?!?!?!
Replies: 42
Views: 4383

Re: Did I Buy Too Much Home?!?!?!

If you chopped a zero off your numbers and were talking about someone with $60,000 in income who was buying a $190,000 house with a 20% down payment it would look more like a bit of a stretch but not too unreasonable. That type of analysis doesn't really apply IMO. If OP spends 30% of his income on...
by Jags4186
Mon Mar 13, 2017 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: "We’re not going back to the ‘80s, but expect the Fed to raise rates" by Joe Davis of Vanguard
Replies: 28
Views: 3476

Re: "We’re not going back to the ‘80s, but expect the Fed to raise rates" by Joe Davis of Vanguard

I'm just depressed that I'm about 2 years out on a home purchase and I know interest rates will be higher. I'm figuring in 2 years we'll be between 6-7% on conventional 30 yr mortgages. If that happens, prices will be much lower. Don't count on that either. The inventory isn't there and sellers may...
by Jags4186
Mon Mar 13, 2017 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: household budget trim: car insurance
Replies: 24
Views: 1236

Re: household budget trim: car insurance

Whats your net worth? Who do you normally travel with? This will help you decide. Regarding Collision and Comprehensive, you should probably drop that on the 2003 car and likely drop it on the 2009 car depending on your financial situation. You could be underinsured at 300/300 liability. I personall...
by Jags4186
Mon Mar 13, 2017 10:36 am
Forum: Personal Finance (Not Investing)
Topic: "We’re not going back to the ‘80s, but expect the Fed to raise rates" by Joe Davis of Vanguard
Replies: 28
Views: 3476

Re: "We’re not going back to the ‘80s, but expect the Fed to raise rates" by Joe Davis of Vanguard

I'm just depressed that I'm about 2 years out on a home purchase and I know interest rates will be higher. I'm figuring in 2 years we'll be between 6-7% on conventional 30 yr mortgages.
by Jags4186
Mon Mar 13, 2017 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Just made my very first ETF Trade - Lessons for Next time?
Replies: 74
Views: 3000

Re: Just made my very first ETF Trade - Lessons for Next time?

You're stressing out over literally pennies. If you want the security and are willing to pay the displayed price, just set a market purchase and be done with it.
by Jags4186
Sun Mar 12, 2017 9:08 pm
Forum: Investing - Help with Personal Investments
Topic: Ally Bank Replacement
Replies: 65
Views: 4703

Re: Ally Bank Replacement

. . . For a transactional account I prefer Schwab because they have the best phone customer service I've encountered. Is Schwab like Fidelity, their bank is external so you have to deal with a subcontractor or does Schwab actually have their own bank? Schwab is an actual bank. It's not like Fidelit...
by Jags4186
Sun Mar 12, 2017 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Ally Bank Replacement
Replies: 65
Views: 4703

Re: Ally Bank Replacement

If it makes you feel any better, Chase is updating this weekend as well. If you're just using Ally for the 1% savings I see no reason to be loyal to them. Pure Point Financial has a 1.25% account available now ($10k minimum balance for that rate). Ally does have the convenience of unlimited account ...
by Jags4186
Sun Mar 12, 2017 10:29 am
Forum: Investing - Help with Personal Investments
Topic: FSSVX vs VSMAX? YTD return difference [Fidelity vs. Vanguard small-cap]
Replies: 3
Views: 212

Re: FSSVX vs VSMAX? YTD return difference

If you look at the Morningstar style charts you'll see that the Fidelity fund has a much smaller market cap vs the vanguard fund.

Small caps haven't done as well as larger cap stocks this year so far. That would be why a fund composed of smaller cap stocks would have performed worse.
by Jags4186
Sat Mar 11, 2017 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: Credit union safety
Replies: 16
Views: 1056

Re: Credit union safety

John Smith and Mary Smith could have: John IRA: $250,000 Mary IRA: $250,000 John individual: $250,000 Mary Insividual: $250,000 John and Mary Joint: $500,000 all NCUA insured - $1,500,000 In addition, if you have a trust, the insurance for the trust account covers $250,000 per beneficiary, as long ...
by Jags4186
Fri Mar 10, 2017 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Independence: How many years of living expenses saved?
Replies: 23
Views: 3462

Re: Financial Independence: How many years of living expenses saved?

25x of the income requirements not covered by annuitized incomes you will be receiving. For example if you need $5000/mo and social security is paying you $2000, you need 25x of $36000. If you retire early you only need to bridge the gap before SS, pensions, etc. kick in. So say you retire at 56 and...
by Jags4186
Thu Mar 09, 2017 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Are we ready to buy a house? What should our price range be?
Replies: 56
Views: 3791

Re: Are we ready to buy a house? What should our price range be?

I agree that some compromise is in order. I think too OP that you need to realize how you sound when you write about your wife. She can save but only with "guidance" from you, you're going to "push" her into making more money, you "didn't sign up to be a sole provider"...
by Jags4186
Thu Mar 09, 2017 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Are we ready to buy a house? What should our price range be?
Replies: 56
Views: 3791

Re: Are we ready to buy a house? What should our price range be?

Frisco Kid wrote:Oops, may have misread the post. Where would you have $35k to $45k remaining after a 20% down payment?


$83000 cash + $66000 liquidated taxable account = $149,000.

$149,000 - $100,000 = $49,000.

$49,000 - $10k or so closing costs = $39,000.
by Jags4186
Thu Mar 09, 2017 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Are we ready to buy a house? What should our price range be?
Replies: 56
Views: 3791

Re: Are we ready to buy a house? What should our price range be?

I would also caution about buying a house for your yet to be born kids, I have known people where that was a long and expensive process which was not always successful. Adoption can also be difficult and expensive. If you want kids I would not delay that to save up more money. She currently has her...
by Jags4186
Wed Mar 08, 2017 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Should I get a Chase Freedom Unlimited Visa?
Replies: 26
Views: 1624

Re: Should I get a Chase Freedom Unlimited Visa?

Out of curiosity, what kinds of things were you buying that you managed to take advantage of the Price Rewind feature? A great thing to use Price Rewind is when you're buying from a place that's purposely more expensive for other reasons. For example if you have Amazon Prime you might buy on Amazon...
by Jags4186
Wed Mar 08, 2017 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Are we ready to buy a house? What should our price range be?
Replies: 56
Views: 3791

Re: Are we ready to buy a house? What should our price range be?

I can feel your pain - fortunately I bought my house before I got married so that decision was made. Had I not, I would have gone through exactly what you are going through right now trying to explain to my wife the ins and outs of buying a house and the financial impacts. I haven't seen you presen...
by Jags4186
Wed Mar 08, 2017 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Are we ready to buy a house? What should our price range be?
Replies: 56
Views: 3791

Re: Are we ready to buy a house? What should our price range be?

Not obvious from your posts so far which way to go. Here are some other questions / things for you to think about: 1) What is the price to rent ratio like in your area? In some places it's obviously better to buy and in other places it's obviously better to rent. Is your wife's desire to own your o...
by Jags4186
Wed Mar 08, 2017 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Are we ready to buy a house? What should our price range be?
Replies: 56
Views: 3791

Re: Are we ready to buy a house? What should our price range be?

Doesn't sound like you are ready... while your wife might be happy, I have a feeling that if you push this through you will not be sleeping well at night. I wouldn't sleep well at night. I grew up in a household where finances were always a huge issue between my parents. I don't want that pressure....
by Jags4186
Wed Mar 08, 2017 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Are we ready to buy a house? What should our price range be?
Replies: 56
Views: 3791

Re: Are we ready to buy a house? What should our price range be?

369k @ 4% for 30 years is $265,000 in interest 344k @ 5% for 30 years is $320,800 in interest. That's a lot of interest and if you wait, it could cost almost 60k more in interest... Will 1.5BA be enough? Are you going to stay in this area for the next 10 years or so or longer? If this is going to b...
by Jags4186
Wed Mar 08, 2017 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Are we ready to buy a house? What should our price range be?
Replies: 56
Views: 3791

Re: Are we ready to buy a house? What should our price range be?

Your mortgage is 40% of your take home pay and that may not be sustainable. I would wait. But 40% of take home after maxing out two 401(k)s (which the vast majority of folks don't do) and not including regular or car bonus. The only thing I would ask is if there are significant expenses not counted...
by Jags4186
Wed Mar 08, 2017 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Are we ready to buy a house? What should our price range be?
Replies: 56
Views: 3791

Are we ready to buy a house? What should our price range be?

My wife is really putting pressure on me to buy a house. She definitely has house fever. I am trying to delay but as they say, happy wife, happy life. We haven't done any sort of due diligence yet (calling lenders, finding out what we can qualify for, etc. etc.). I am of the opinion we need an extra...
by Jags4186
Tue Mar 07, 2017 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO auto rates vs. USAA: too good to be true?
Replies: 127
Views: 9408

Re: GEICO auto rates vs. USAA: too good to be true?

I shop my auto insurance every 6 months. Geico has been cheapest for 3 years running. Be careful when shopping insurance sometimes you don't notice they're not giving you the coverage you previously had.
by Jags4186
Tue Mar 07, 2017 7:24 pm
Forum: Personal Consumer Issues
Topic: Bank of America Credit Card
Replies: 11
Views: 812

Re: Bank of America Credit Card

I would recommend their cash rewards card too.

1.75% on general spend
3.5% back at grocery stores, costco/bj's/sam's club
5.25% back on gas

The 3.5% and 5.25% categories are capped at $2,500 in spend a quarter.
by Jags4186
Tue Mar 07, 2017 6:53 pm
Forum: Personal Consumer Issues
Topic: Bank of America Credit Card
Replies: 11
Views: 812

Re: Bank of America Credit Card

BoA Travel Rewards card is the one you're looking for. You need to redeem against travel charges to get the full 2.625% value.
by Jags4186
Mon Mar 06, 2017 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you spend on food in a year?
Replies: 155
Views: 6882

Re: How much do you spend on food in a year?

Where do you eat out on Christmas Eve? Around here, some Chinese restaurants are open but that's about it. healthy. In northern New Jersey I would say almost every restaurant is open and it's a huge day for businesses. They're all packed to the brim and usually have seatings. We always eat Italian.
by Jags4186
Mon Mar 06, 2017 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you spend on food in a year?
Replies: 155
Views: 6882

Re: How much do you spend on food in a year?

Groceries, alcohol, and restaurants 2016: $11,546. 2 adults. I would say we average about $100/month of alcohol, $300 a month on restaurants, and the balance at the grocery store. I know we are not efficient but it is what it is. We are trying to cut back on drinking. How do you all handle holiday ...
by Jags4186
Mon Mar 06, 2017 6:45 pm
Forum: Investing - Help with Personal Investments
Topic: Benchmark to SP500?
Replies: 16
Views: 900

Re: Benchmark to SP500?

If you are constantly jumping in and out of your tilt you're going to underperform. I think you just made up that statement with no proof to back it up. Ok I take it back. If livesoft jumps in and out of his tilt/tilts he potentially will outperform, underperform, or market perform. For everyone el...
by Jags4186
Mon Mar 06, 2017 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you spend on food in a year?
Replies: 155
Views: 6882

Re: How much do you spend on food in a year?

Where I live (large city I would consider MCOL), at most restaurants you cannot get a glass of wine for less than $10. So not even getting into the food, 2 glasses of the cheapest wine each comes to 40+20% tip+ 10% tax= $52. Now, if you were to go to some small neighborhood place, maybe you can get...
by Jags4186
Mon Mar 06, 2017 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Benchmark to SP500?
Replies: 16
Views: 900

Re: Benchmark to SP500?

Thank you for all the responses, sorry for the delayed response I just got out of work. I'll try to response to each one in the following: Find a Target date fund or other similar fund with a comparabled bond allocation could be an option, I didn't think of that, I will have to check out Vanguard's...

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