Search found 1530 matches

by JonnyDVM
Thu Jun 22, 2017 8:42 pm
Forum: Personal Consumer Issues
Topic: What do you say when you cancel an account that you only opened for bonus?
Replies: 64
Views: 4003

Re: What do you say when you cancel an account that you only opened for bonus?

A year ago I tried to cancel my Barclay card which I opened for the bonus I told them I didn't want to pay the annual fee. They gave me the run around and talked me into downgrading the account to a card without an annual fee. I thought fine, whatever. I'll just never use it. Two months later severa...
by JonnyDVM
Mon Jun 19, 2017 10:17 pm
Forum: Investing - Help with Personal Investments
Topic: front loading 529
Replies: 10
Views: 1065

Re: front loading 529

This is for state of Ohio and 2k limit is per beneficiary per couple. By significant fee, I mean 0.2% of 28k, starting for first year itself, compared to 0.04% of taxable. I see. Well Ohio is considered one of the better 529s. 0.2% isn't really that bad in the big scheme of things. I think you can ...
by JonnyDVM
Mon Jun 19, 2017 9:27 pm
Forum: Investing - Help with Personal Investments
Topic: front loading 529
Replies: 10
Views: 1065

Re: front loading 529

What state and is it 2k total or 2k/parent? In Ga we can deduct up to 4K contributed/yr. So far that's the approach we've taken. There's a strong argument to be made for a lump sum contribution, but I prefer to just put in up to the deduction limit each year. If I was going to fund more than 2k in t...
by JonnyDVM
Mon Jun 19, 2017 9:15 pm
Forum: Personal Consumer Issues
Topic: Best Cheap Champagne
Replies: 60
Views: 3679

Re: Best Cheap Champagne

I enjoy my wines, both red and white. But I've never figured out the deal with champagne. Too fizzy, and the taste is awful. And applying more cash doesn't seem to improve the product. I'd rather have a 7-up! (Flameproof suit now being donned!) You could add 7-up to your white wine maybe? I'm no ch...
by JonnyDVM
Mon Jun 19, 2017 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: So sick of it! [Paying off student loans]
Replies: 42
Views: 6114

Re: So sick of it! [Paying off student loans]

To a previous post. Pretty much everyone that posts here cannot deduct student loan interest. I'm not sure that's true. I think the limit (someone correct me if I'm wrong) is $75,000, and it's a deduction regardless of itemization. I think there are plenty of people on this board who fit into that,...
by JonnyDVM
Sun Jun 18, 2017 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpected raise while househunting-- should I change my budget?
Replies: 17
Views: 1971

Re: Unexpected raise while househunting-- should I change my budget?

I would try to stay 2.5-3X gross income max. Life is much easier when your monthly mortgage payment is 20% or less of your income.

500k house on 115k is way too much house IMO except in places like SF where the housing market is insane.
by JonnyDVM
Sun Jun 18, 2017 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Change Auto & Umbrella Insurance after 52 years?
Replies: 21
Views: 1766

Re: Change Auto & Umbrella Insurance after 52 years?

My question is simply, would I be foolish to give up all that longevity with Amica for a $700 annual savings or is that long history of essentially no value in my future dealings with the company? Gill I would use as leverage to get a lower rate with Amica, if you still want to use them. Absolutely...
by JonnyDVM
Sun Jun 18, 2017 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: What Is The Right Amount For An Emergency Fund?
Replies: 27
Views: 2439

Re: What Is The Right Amount For An Emergency Fund?

It seems the people most concerned with having an emergency fund are those least likely to actually need it. When we had student debt to repay we carried about 3 months. Now we carry roughly 6 months. The question you need to answer is how long would it take you to find another job if you suddenly g...
by JonnyDVM
Sun Jun 18, 2017 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: So sick of it! [Paying off student loans]
Replies: 42
Views: 6114

Re: So sick of it! [Paying off student loans]

If you got a 2% rate that means you have a very large income. Where is that income all going ? I suspect you're a doctor. If your family is already living the stereotypical "rich doctor" lifestyle then you need to back off a bit. Focus on putting all your extra income towards your loans yo...
by JonnyDVM
Sat Jun 17, 2017 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 11802

Re: Who takes financial chances and why is this forum so financially conservative?

Agree with your opinion on SWR and I've brought it up many times to the point where I've stopped reading SWR threads. The super conservative SWR folk are going to wind up working longer/harder and leaving a huge ball of money behind. Opportunity cost to the max. To the inevitable "well what if...
by JonnyDVM
Sat Jun 17, 2017 8:56 pm
Forum: Personal Consumer Issues
Topic: Best Cheap Champagne
Replies: 60
Views: 3679

Re: Best Cheap Champagne

Moët or most anything from Mumm Napa. Korbel is yucky imo
by JonnyDVM
Sat Jun 17, 2017 8:48 pm
Forum: Personal Consumer Issues
Topic: Any alternatives to Tempur-Pedic for memory foam???
Replies: 12
Views: 1069

Re: Any alternatives to Tempur-Pedic for memory foam???

I have a loom and leaf. tempur-pedic is too expensive

Here's a comparison of loom and leaf vs tempur-pedic
https://sleepopolis.com/mattress-reviews/loom-and-leaf-vs-tempurpedic-mattress-review/
by JonnyDVM
Sat Jun 17, 2017 8:35 pm
Forum: Investing - Theory, News & General
Topic: Your Favorite Portfolio Tilts
Replies: 81
Views: 4954

Re: Your Favorite Portfolio Tilts

My favorite tilt is towards microcap- BRSIX
Wheeeeeeeee!
by JonnyDVM
Sat Jun 17, 2017 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: The terrible things I have done--I wish to come clean
Replies: 24
Views: 2376

Re: The terrible things I have done--I wish to come clean

You lost me at "I love my whole life insurance"
by JonnyDVM
Fri Jun 16, 2017 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 11802

Re: Who takes financial chances and why is this forum so financially conservative?

Agree with your opinion on SWR and I've brought it up many times to the point where I've stopped reading SWR threads. The super conservative SWR folk are going to wind up working longer/harder and leaving a huge ball of money behind. Opportunity cost to the max. To the inevitable "well what if ...
by JonnyDVM
Fri Jun 16, 2017 7:47 pm
Forum: Investing - Theory, News & General
Topic: Anyone else gotten totally bored with investing?
Replies: 88
Views: 7091

Re: Anyone else gotten totally bored with investing?

It's supposed to be boring. Like monitoring anesthesia. I would recommend investing a little fun money in stocks. 5% of your portfolio or so. Try to pick individual winners. You can check them every day to see how they're doing. Spoiler alert- it's not easy to consistently pick winners.
by JonnyDVM
Fri Jun 16, 2017 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: contribution of more than $18,000 to 401k - no refund?
Replies: 31
Views: 1763

Re: contribution of more than $18,000 to 401k - no refund?

Usually they refund the excess back to you in the next paycheck.
by JonnyDVM
Thu Jun 15, 2017 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: putting more than 20% down on new home purchase
Replies: 41
Views: 4964

Re: putting more than 20% down on new home purchase

Unless it affected my interest rate significantly I wouldn't put anymore than 20% down. Liquidity is a valuable asset.
by JonnyDVM
Thu Jun 15, 2017 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: House closing in 2 weeks. RE Attorney made a mistake and won't fess up. What to do???
Replies: 8
Views: 1124

Re: House closing in 2 weeks. RE Attorney made a mistake and won't fess up. What to do???

If your lender required a survey then you need to get one and $800 is about what mine would have cost. Agree with the statement that what you were told is probably irrelevant. Now if a survey wasn't required and one was ordered anyway without your approval- that's a different story. A survey wasn't ...
by JonnyDVM
Mon Jun 12, 2017 9:16 pm
Forum: Investing - Theory, News & General
Topic: Ok reasons for a 37 year old to have a 60/40 mix?
Replies: 39
Views: 3659

Re: Ok reasons for a 37 year old to have a 60/40 mix?

It's fine if you know yourself and you want to stay (relatively) conservative. Better than 20/80 and way better than stuffing it all into a savings account because you don't want to "gamble" in the market.
by JonnyDVM
Mon Jun 12, 2017 8:50 pm
Forum: Investing - Help with Personal Investments
Topic: Pay Mortgage vs. Buy Bonds
Replies: 61
Views: 4776

Re: Pay Mortgage vs. Buy Bonds

ThisDinosaur wrote:@Jonny&Chadnudge
In some respects, liquidity is my whole argument in favor of bonds. Is that reason enough though?


I would say liquidity combined with the very low interest rate of your mortgage would be reason enough for me.
by JonnyDVM
Mon Jun 12, 2017 6:22 pm
Forum: Investing - Theory, News & General
Topic: Poll: Do Bogleheads own Stocks?
Replies: 76
Views: 6395

Re: Poll: Do Bogleheads own Stocks?

whaleknives wrote:
daveydoo wrote:
MrNewEngland wrote:73% of respondents have a net worth over $1M... that's impressive.
I better hurry up and take that poll -- I like those odds.

It's only 59% at $1 Mil or over currently. :D


Srry. I was really close but some quick mental math and I don't think I'm there yet. Brought it down :(
by JonnyDVM
Mon Jun 12, 2017 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: Pay Mortgage vs. Buy Bonds
Replies: 61
Views: 4776

Re: Pay Mortgage vs. Buy Bonds

I don't think it's a "no brainer" to pay off the mortgage (or more accurately accelerate principal payments on your mortgage) than buy bonds. Bonds have (relatively) instant liquidity. Equity in your home does not. That liquidity aspect should play a role in your analysis, at minimum. Not...
by JonnyDVM
Mon Jun 12, 2017 6:10 pm
Forum: Personal Consumer Issues
Topic: Got a parking ticket - what to do?
Replies: 44
Views: 2983

Re: Got a parking ticket - what to do?

Someone probably just took their ticket and put it on your car. I would ignore it. ^^ This. If the ticket doesn't show your license plate number and correct description of the vehicle, it's not your ticket. Some scofflaw grabbed a ticket on another car (or their own car) and put it on your windshie...
by JonnyDVM
Mon Jun 12, 2017 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Bond funds vs bonds (yes, again)
Replies: 16
Views: 1343

Re: Bond funds vs bonds (yes, again)

Stupid question but why would holding individual bonds be much better than a bond fund in a rising interest rate environment?

Secondly, I've found my that my bond funds have done just fine the past several years despite the constant clamor that the bottom is about to drop out of the bond market.
by JonnyDVM
Mon Jun 12, 2017 9:09 am
Forum: Personal Consumer Issues
Topic: Recommendations on Home Alarm Systems
Replies: 18
Views: 1468

Re: Recommendations on Home Alarm Systems

We use Akerman and I hate it. False alarms occur so frequently the system is totally useless. That is despite multiple visits by techs to try to fix the problem. Planning to switch to Simplisafe when the contract expires. My old security system was a big red loud dog. Unfortunately, he's gone and ou...
by JonnyDVM
Sun Jun 11, 2017 5:11 pm
Forum: Personal Consumer Issues
Topic: [Laser] diffusers - illegal? Too good to be true
Replies: 15
Views: 1268

Re: Radar diffusers - illegal? Too good to be true

This seems too good to be true if you are intending to go above the speed limit. Any views? My understanding is that such devices are very unreliable and while not technically illegal are obviously frowned upon. I've never been a guy that likes to drive fast so this is all second hand information.
by JonnyDVM
Sat Jun 10, 2017 9:55 pm
Forum: Personal Consumer Issues
Topic: Naming boat
Replies: 62
Views: 2102

Re: Naming boat

Lotta really good suggestions here, but if you really want to name your boat" Bogleheads" just write and ask permission from whoever holds the trademark. I'm guessing Mr. Bogle wouldn't mind.
by JonnyDVM
Sat Jun 10, 2017 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: Let.s get serious here [need bond fund]
Replies: 12
Views: 2687

Re: Let.s get serious here !!!!!!!!!!!!!!!!!!!!!!!!!!!!

15% bracket- I would stick with total bond myself. You could also do a high grade intermediate term corporate as an alternative if you wanted to eek out a little better return.

And I'm being totally serious :!:
by JonnyDVM
Sat Jun 10, 2017 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: Quick Backdoor Roth Question
Replies: 3
Views: 444

Re: Quick Backdoor Roth Question

No other IRA money means you're good. Some people recommend waiting a month or two. I and many others here convert mine the next day I am able. For clarity I mean waiting a month or more after you contribute the $5500 to the traditional IRA to convert it to Roth. Some argue that waiting a while is p...
by JonnyDVM
Fri Jun 09, 2017 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Debit charge I didn't make ...
Replies: 20
Views: 1954

Re: Debit charge I didn't make ...

Had this happen with two debit cards recently. No idea how the number got compromised since I rarely if ever use the card and when I do it's for ATM withdrawals only. You get the money back, it just takes longer than with strait CC fraud.
by JonnyDVM
Fri Jun 09, 2017 4:33 pm
Forum: Investing - Theory, News & General
Topic: Jim Rogers predicting "crash of a lifetime" this year or next
Replies: 89
Views: 10040

Re: Jim Rogers predicting "crash of a lifetime" this year or next

Can't take anyone who would wear that bow tie for an interview seriously.
by JonnyDVM
Wed Jun 07, 2017 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Financially independent and then market crashes?
Replies: 54
Views: 5796

Re: Financially independent and then market crashes?

If you insist on 30-35X expenses or a 2.5% SWD no one would be able to retire early.
by JonnyDVM
Tue Jun 06, 2017 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: Financially independent and then market crashes?
Replies: 54
Views: 5796

Re: Financially independent and then market crashes?

How about this: Set your annual expenses to equal 2.5% (or less) of your total investment portfolio balance, based on what the balance would be if the value of the equity portion of the portfolio is half of what it is now. Sooooo never retire then? I know everyone likes these things to fit in a pre...
by JonnyDVM
Tue Jun 06, 2017 8:54 am
Forum: Personal Consumer Issues
Topic: Worth it to buy expensive clothes?
Replies: 90
Views: 7659

Re: Worth it to buy expensive clothes?

I think there is definitely a sharp uptick in quality when you go more expensive vs and I don't buy the cheapest shirts anymore, however dropping $250 per shirt feels way over the top. $75 or maybe $100 is as much as I'd ever spend. I would defintely not drop 5k in one sitting on a wardrobe upgrade....
by JonnyDVM
Mon Jun 05, 2017 8:06 pm
Forum: Personal Consumer Issues
Topic: Help me choose an EXPENSIVE* red wine for a gift
Replies: 70
Views: 7874

Re: Help me choose an EXPENSIVE* red wine for a gift

Wow two years of wine research. This man is dedicated! I don't care much for Bordeaux, sorry that I can't help with that. It sounds though like you know way more than I do at this point.
by JonnyDVM
Sun Jun 04, 2017 9:06 pm
Forum: Personal Consumer Issues
Topic: Flying first class, business, versus economy.
Replies: 105
Views: 6759

Re: Flying first class, business, versus economy.

Man you guys make me feel like a cheapskate. Economy domestic, economy to the carribbean, economy to Europe. I do agree it's not fun. I could afford to pay for upgraded seats, but I'd prefer to just suffer cramped in with the rest of the pleebs.
by JonnyDVM
Sun Jun 04, 2017 6:08 pm
Forum: Personal Consumer Issues
Topic: What Do You Pay for an Oil Change?
Replies: 129
Views: 7320

Re: What Do You Pay for an Oil Change?

Just got it done today at a quick oil change/car wash place. 2010 Rav-4. 6.5 quarts full synthetic- $80. Then I went for the $12 "nitro wash". Not sure how that was better than the delux wash, but they got me for another $2 with the nitro. Also included free use of a vacuum :!: solid.
by JonnyDVM
Sat Jun 03, 2017 10:14 pm
Forum: Investing - Theory, News & General
Topic: Everything keeps going up, this feels too easy?
Replies: 113
Views: 8595

Re: Everything keeps going up, this feels too easy?

Expecting the other shoe to drop sooner rather than later particularly given the current political climate. Not doing anything specific about it other than to deadpan "winter is coming" whenever the topic of this terrific market is brought up in conversation.
by JonnyDVM
Mon May 29, 2017 9:59 pm
Forum: Investing - Help with Personal Investments
Topic: Pay Debt or invest with my Unique situation. Help!
Replies: 23
Views: 1958

Re: Pay Debt or invest with my Unique situation. Help!

ShowMeTheWay wrote:Does the fact that I'm already 30 and not 22 like most people when they start hitting their loans make a difference at all? I'm 8 years behind when it comes to investing.


Not at all. Professional school man. Add on a residency for some. You're a spring chicken.
by JonnyDVM
Mon May 29, 2017 9:51 pm
Forum: Personal Consumer Issues
Topic: Multiple seat belt tickets- options?
Replies: 36
Views: 3732

Re: Multiple seat belt tickets- options?

Go to court plead not guilty. Speak with prosecutor, advise you will agree to plead no contest to a non moving violation- pay the fine and get no points. If you haven't had any other issues they'll make the deal. They're happy (no trial) and you're happy (sort of, no points at least). Not 100% sure ...
by JonnyDVM
Mon May 29, 2017 9:04 pm
Forum: Investing - Help with Personal Investments
Topic: A more modest inheritance
Replies: 16
Views: 2533

Re: A more modest inheritance

Some of it, about $20,000, is in bullion coins. ........ Wait, you inherited 20k in gold doubloons ? That's interesting. That had to be a heavy box. To answer the original question I agree with everyone else recommending folding it into your current asset allocation. I wouldn't keep the AT&T st...
by JonnyDVM
Mon May 29, 2017 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: Pay Debt or invest with my Unique situation. Help!
Replies: 23
Views: 1958

Re: Pay Debt or invest with my Unique situation. Help!

Agree with the advice to match 401k put the rest aggressively towards loans. I would add you may want to look into refinancing them. 7% is a really high interest rate these days. That rate would be keeping me up at night. Also, I don't think your situation is all that unique. Many posters on here ha...
by JonnyDVM
Mon May 29, 2017 8:35 pm
Forum: Investing - Help with Personal Investments
Topic: Approach for 'doing better' with emergency funds?
Replies: 23
Views: 2019

Re: Approach for 'doing better' with emergency funds?

There's a vanguard fund the name of which escapes me that is like 15% equities 85% fixed income. That is an option to squeeze a little more out of an emergency fund with slightly more risk. You'll have to excuse my not remembering the name. I'm a Fidelity guy.
by JonnyDVM
Mon May 29, 2017 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Annual house maintenance costs
Replies: 30
Views: 2622

Re: Annual house maintenance costs

Really it depends on the age of the house. Our house is eight years old. This past year we've had to replace several pieces of the deck, we had some crumbling flagstone mortar redone, a few shingles on part of the roof were slipping off,and the main fridge crapped out. Total cost ~$4000.
by JonnyDVM
Mon May 29, 2017 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Just realized I have been doing wrong my whole life financially.
Replies: 10
Views: 2937

Re: Just realized I have been doing wrong my whole life financially.

Perhaps you could get a degree in a decent earning field that interests you and then make hair styling your side hustle? FWIW the Mr. Money Mastache forum has a lot of discussion about various side hustles. If you want to make the most of your situation without going to school that is probably a bet...
by JonnyDVM
Mon May 29, 2017 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA but want to keep SEP-IRA
Replies: 16
Views: 1130

Re: Backdoor Roth IRA but want to keep SEP-IRA

You can't have assets in a SEP IRA or rollover IRA to do the backdoor Roth. If you have a SEP you probably want to open a solo 401 and empty the SEP into the solo. Then you can do a backdoor Roth. As others have noted you can just do one for your spouse. A solo 401k involves more paperwork. As someo...
by JonnyDVM
Mon May 29, 2017 2:34 pm
Forum: Personal Consumer Issues
Topic: Laptop Purchase at Costco?
Replies: 45
Views: 19550

Re: Laptop Purchase at Costco?

We got a laptop from Costco five weeks later the operating system went bad. They took it back no problem. The replacement we got- we are happy with. The price was fair. It does exactly what we want. I would use Costco again. Agree the selection is somewhat limited, but they probably have what you ne...
by JonnyDVM
Mon May 29, 2017 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: 20 percent international
Replies: 29
Views: 2802

Re: 20 percent international

20% of equity allocation

I'm at 80% equities with 40% of that international. So 320% international.
by JonnyDVM
Mon May 29, 2017 12:06 pm
Forum: Personal Consumer Issues
Topic: House Shopping: Some Doors Open/Close Poorly, Foundation Problem?
Replies: 22
Views: 1795

Re: House Shopping: Some Doors Open/Close Poorly, Foundation Problem?

If you really like the house then get an inspector to look at it. I stand by my prior statement that I wouldn't touch a house with foundation issues. Everyone I know who's gotten involved in a house like that either 1) gets quotes for repair and runs or 2) falls in love with it, buys it despite the ...

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