Search found 125 matches

by Mr.BB
Wed Apr 26, 2017 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: Tracking 401K Funds in M*
Replies: 2
Views: 158

Re: Tracking 401K Funds in M*

I have the same problem with some of my wife's Blackrock holdings for her 401k. I did find within BlackRock very similar funds that were listed, For instance they have Black Rock International Equity Index...(it tracks the MSCI-ACWI) ex US Index What I ended finding and using was their BDOIX fund......
by Mr.BB
Wed Apr 26, 2017 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: Restarting retirement savings at 40
Replies: 20
Views: 1933

Re: Restarting retirement savings at 40

I also used to look at each savings acct as a separate entity. This can cause overlap with your various funds and segments of the market that you hold. You should look at Morningstar x-ray, put all your accounts/holdings information in there. You will then get a better overview of what percent of sm...
by Mr.BB
Mon Apr 24, 2017 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 169
Views: 17903

Re: Any regrets living a frugal life for high income/high networth individuals?

Earl Lemongrab wrote:I don't live a frugal life to save money, I save money because I live a frugal life. So I don't have regrets about "nicer" things passed up, because I already get what I want.

+1
by Mr.BB
Mon Apr 24, 2017 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 169
Views: 17903

Re: Any regrets living a frugal life for high income/high networth individuals?

Only on BH would owning a $650k house be considered living the "frugal life". Being Frugal is more about your purchases based on your income then just the cost of what you buy. if you make 100,000 a year have maybe million dollars and you live in a $650,000 house that could just be a good...
by Mr.BB
Sun Apr 23, 2017 1:06 pm
Forum: Personal Consumer Issues
Topic: Terminal Cancer Diagnosis for 5 year old: What would you do?
Replies: 32
Views: 5405

Re: Terminal Cancer Diagnosis for 5 year old: What would you do?

My wife (who is an oncologist) and another doc at the hospital had their husband and son diagnosed with cancer in the span of 2 weeks. Her and her group offered up their PTO time to the doc to be able to go to all the treatments. That was darn nice of them since it mean losing time with their own f...
by Mr.BB
Sat Apr 22, 2017 1:55 pm
Forum: Personal Consumer Issues
Topic: Best vacuum cleaner for pet hair?
Replies: 34
Views: 2391

Re: Best vacuum cleaner for pet hair?

We have had the heavy duty Dyson for animals (purple color) for years. Works great..just have to remember to clean out the rolling bristles...makes a big difference when you do that.
by Mr.BB
Fri Apr 21, 2017 10:46 am
Forum: Investing - Theory, News & General
Topic: Single most important investing advice?
Replies: 83
Views: 6888

Re: Single most important investing advice?

I wish I had received advice when I was younger and/or middle aged. Unfortunately I had to learn on my own and through good and bad experiences. But if I was going to give advice it would be: 1) Start saving early...high school. <---most important! 2) Think long term 3) Be diverse $) Do not be to co...
by Mr.BB
Thu Apr 20, 2017 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: What constitutes "a lot" of money?
Replies: 81
Views: 11004

Re: What constitutes "a lot" of money?

I think they need therapy. If you pulling down over $400,000/year (sounds like a lot more) and have a 8 digit portfolio and still have holes in your socks that is a sign you have lost perspective. Wearing an old t-shirt a sign of nostalgia, ignorance of new materials or a loss of perspective. What ...
by Mr.BB
Thu Apr 20, 2017 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: I will pay off mortgage at 40. What next?
Replies: 22
Views: 2586

Re: I will pay off mortgage at 40. What next?

I love not having a mortgage. Just finished paying off last year. It was a relatively small mortgage payment and our tax write off only came to a couple of hundred dollars on our tax return for carrying a mortgage. This is what we have done with our money that normally would of gone to the bank 1) 2...
by Mr.BB
Thu Apr 20, 2017 11:07 am
Forum: Personal Finance (Not Investing)
Topic: What constitutes "a lot" of money?
Replies: 81
Views: 11004

Re: What constitutes "a lot" of money?

It is definitely more about the cost of an item instead of portfolio size. I work with people who are the top 1% I know they would have no problem spending 5 million on something that would help their business or be for personal use like a home. Yet I have gone workout with them and they have on an...
by Mr.BB
Thu Apr 20, 2017 10:48 am
Forum: Personal Finance (Not Investing)
Topic: What constitutes "a lot" of money?
Replies: 81
Views: 11004

Re: What constitutes "a lot" of money?

It is definitely more about the cost of an item instead of portfolio size. I work with people who are the top 1% I know they would have no problem spending 5 million on something that would help their business or be for personal use like a home. Yet I have gone workout with them and they have on an...
by Mr.BB
Thu Apr 20, 2017 5:37 am
Forum: Investing - Help with Personal Investments
Topic: Wife's Money - 50K - Her Advisor vs My DIY - Help
Replies: 67
Views: 5583

Re: Wife's Money - 50K - Her Advisor vs My DIY - Help

What ever you and your wife choose to do, try this. Set up a basic spreadsheet with 3 categories 1) Set up with whatever funds your adviser chooses for you, as well as expense ratios and yearly costs and gains/losses for the year 2) Set up another tab with a basic Vanguard Target Date fund along wit...
by Mr.BB
Wed Apr 19, 2017 7:47 am
Forum: Investing - Help with Personal Investments
Topic: Wife's Money - 50K - Her Advisor vs My DIY - Help
Replies: 67
Views: 5583

Re: Wife's Money - 50K - Her Advisor vs My DIY - Help

Quickly visited Op's wifes advisors website for an Insurance and Financial Services firm. Yes, they are salesman and will cost you $ in fees regardless of what investments they make for you. I would explain that to your wife, if she is more comfortable with this $ being professionally managed than ...
by Mr.BB
Wed Apr 19, 2017 7:45 am
Forum: Investing - Help with Personal Investments
Topic: Why invest in International Index Fund?
Replies: 38
Views: 3210

Re: Why invest in International Index Fund?

Your actually doing what every long term investor dreams of, buying in low and then being able to sell high.
If you trade out of your low buy-in position from the Intl. fund, you will be buying into a high buy-in position in U.S. stock/funds.
by Mr.BB
Wed Apr 19, 2017 6:01 am
Forum: Personal Consumer Issues
Topic: How to make best use of lunch with the company president/CEO?
Replies: 55
Views: 5217

Re: How to make best use of lunch with the company president/CEO?

Next week, I (along with a couple of other employees) are scheduled for an informal lunch with the president/CEO of our company. This is part of a program for upper management to meet with employees, and we were randomly chosen. Any tips on good questions to ask or things to say? radnor, 1) Be care...
by Mr.BB
Wed Apr 19, 2017 5:58 am
Forum: Investing - Help with Personal Investments
Topic: Wife's Money - 50K - Her Advisor vs My DIY - Help
Replies: 67
Views: 5583

Re: Wife's Money - 50K - Her Advisor vs My DIY - Help

Here is a simple that I always use.
1) I do not buy insurance products from a financial person
2) I do not buy financial products from a insurance person
by Mr.BB
Tue Apr 18, 2017 11:37 am
Forum: Investing - Theory, News & General
Topic: What is the max SS income you could receive this year?
Replies: 38
Views: 4222

Re: What is the max SS income you could receive this year?

My wife's social security check if everything stays the same shows $3,100 a month in 15 years at age 70
Is this increase compared to the max monthly amount listed originally on this post at age 70 now, a maximum based on the future value?
by Mr.BB
Tue Apr 18, 2017 9:27 am
Forum: Personal Consumer Issues
Topic: How to make best use of lunch with the company president/CEO?
Replies: 55
Views: 5217

Re: How to make best use of lunch with the company president/CEO?

Why not treat them like a normal person / employee? You can ask them what their 3 biggest worries are, why they like their job, what they hate about their job, what keeps them from sleeping at night, where they will be in 3 years, what drives them, why are they still working, etc. What questions wo...
by Mr.BB
Tue Apr 18, 2017 6:32 am
Forum: Investing - Help with Personal Investments
Topic: [Advice needed for mother's inheritance/finances.]
Replies: 129
Views: 12816

Re: Too much inheritance to handle. Advice needed

1. Write a letter to this advisor and tell him to make no move on ANY of the portfolio. 2. Take your time and learn to invest, take a year if you have to. Don't less this advisor rush you, he's rushing you to lock in bad investments and get his high fees. He's NOT a friend of you or your family. 3....
by Mr.BB
Tue Apr 18, 2017 6:31 am
Forum: Investing - Help with Personal Investments
Topic: [Advice needed for mother's inheritance/finances.]
Replies: 129
Views: 12816

Re: Too much inheritance to handle. Advice needed

1. Write a letter to this advisor and tell him to make no move on ANY of the portfolio. 2. Take your time and learn to invest, take a year if you have to. Don't less this advisor rush you, he's rushing you to lock in bad investments and get his high fees. He's NOT a friend of you or your family. 3....
by Mr.BB
Tue Apr 18, 2017 5:45 am
Forum: Investing - Help with Personal Investments
Topic: [Advice needed for mother's inheritance/finances.]
Replies: 129
Views: 12816

Re: Too much inheritance to handle. Advice needed

This advisor sounds awful. You will be paying 1.25% + probably the same in fund expenses (and maybe for very subpar returns vs. indexing). So thats $25,000 a year just for expenses and performance will probably lag a vanilla portfolio in a fund like VBIAX, Vanguard Balanced Index Admiral class, whe...
by Mr.BB
Tue Apr 18, 2017 5:39 am
Forum: Investing - Help with Personal Investments
Topic: [Advice needed for mother's inheritance/finances.]
Replies: 129
Views: 12816

Re: Too much inheritance to handle. Advice needed

Never feel bad about getting a second or third opinion.
Remember he works for you, (he is an employee of yours) that is why you are paying him.
by Mr.BB
Tue Apr 18, 2017 5:36 am
Forum: Personal Consumer Issues
Topic: How to make best use of lunch with the company president/CEO?
Replies: 55
Views: 5217

Re: How to make best use of lunch with the company president/CEO?

That is a wonderful program. I've worked with clients who owned companies and I always told them to spend time talking with their employees. The more layers of managers they have the odds are better that great ideas that are thought of the lower levels never reach the people who could make changes b...
by Mr.BB
Mon Apr 17, 2017 12:59 pm
Forum: Investing - Theory, News & General
Topic: Online retirement software verbiage
Replies: 4
Views: 507

Online retirement software verbiage

Why is it that on retirement/income online software programs (I got this one off Vanguard's) it asks how much " I’ll need ___% of my current income in retirement instead of saying "I'll need ___% of my expenses in retirement." We probably spend 40%-50% of our income on expenses. I kno...
by Mr.BB
Fri Apr 14, 2017 5:23 am
Forum: Personal Finance (Not Investing)
Topic: What constitutes "a lot" of money?
Replies: 81
Views: 11004

Re: What constitutes "a lot" of money?

It is definitely more about the cost of an item instead of portfolio size. I work with people who are the top 1% I know they would have no problem spending 5 million on something that would help their business or be for personal use like a home. Yet I have gone workout with them and they have on an ...
by Mr.BB
Thu Apr 13, 2017 6:08 pm
Forum: Personal Consumer Issues
Topic: You can never go "home" - retirement
Replies: 85
Views: 12188

Re: You can never go "home" - retirement

Unfortunately most of the places we grew up in are totally different now. Where I grew up, it was a good middle class area. I drive through the area every now and again and it is a completely different neighborhood. It's not so much the neighborhood (buildings), it's people you grew up with...and th...
by Mr.BB
Thu Apr 13, 2017 9:07 am
Forum: Personal Consumer Issues
Topic: Keep old yet reliable used car or buy new
Replies: 28
Views: 1761

Re: Keep old yet reliable used car or buy new

Just traded in my 07 civic. 227,000 miles Because I drive around 24,000 miles a year, I found that every 3 years I had to put a lump sum of money to get through the next 2 years and the third year would be the bonus year, before I had to reinvest a bunch of money. The problem was that I was startin...
by Mr.BB
Thu Apr 13, 2017 5:49 am
Forum: Personal Consumer Issues
Topic: Keep old yet reliable used car or buy new
Replies: 28
Views: 1761

Re: Keep old yet reliable used car or buy new

Just traded in my 07 civic. 227,000 miles Because I drive around 24,000 miles a year, I found that every 3 years I had to put a lump sum of money to get through the next 2 years and the third year would be the bonus year, before I had to reinvest a bunch of money. The problem was that I was starting...
by Mr.BB
Sun Apr 09, 2017 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: The Stages of Retirement Saving
Replies: 55
Views: 10318

Re: The Stages of Retirement Saving

Bottom line is the more you have, the more you can do in life. Mr.BB, Not necessary. There is a trade-off. 1) You have less time to do it. 2) You may no longer healthy enough to do it. My older brother passed the full physical exam without a problem. Then, he fainted in the bathroom and was rushed ...
by Mr.BB
Sun Apr 09, 2017 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: The Stages of Retirement Saving
Replies: 55
Views: 10318

Re: The Stages of Retirement Saving

Numbers aside..(just kidding)...so much has to depend on the lifestyle you want. I know many people are fans of Mr. Money Mustache, and I do admire what he has done. On the other hand I don't want to have to live my life on $24,000 a year. How you envision yourself in the future may be totally diffe...
by Mr.BB
Sun Apr 09, 2017 6:17 pm
Forum: Investing - Theory, News & General
Topic: Which Larry Portfolio variation would you choose?
Replies: 30
Views: 2889

Re: Which Larry Portfolio variation would you choose?

Basically you are getting rid of large cap value out of your portfolio. I think you have more balance (especially in down times) then without it.
by Mr.BB
Sun Apr 09, 2017 12:35 pm
Forum: Personal Consumer Issues
Topic: Buy a new honda or continue with old one
Replies: 33
Views: 3133

Re: Buy a new honda or continue with old one

I just traded my Honda 07 with 227,000 miles Because I drive a lot, I'm at the point that every 3 years I have to spend about $2,000-$2,500 to get another 3 yrs out of it. (Tires, trans fluid, tune ups, radiator, also needed a new battery this year) However, all the little problems start adding up (...
by Mr.BB
Sun Apr 09, 2017 5:45 am
Forum: Personal Finance (Not Investing)
Topic: I have a car loan. Can I pay off the loan without penalty?
Replies: 28
Views: 1838

Re: I have a car loan. Can I pay off the loan without penalty?

I got a new car a couple of months ago, and took the financing from the dealership that they set up from the bank. I just made sure that he showed me in the finance contract where it says I can pay off this loan without penalty.
by Mr.BB
Sun Apr 02, 2017 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Planning Today Course
Replies: 16
Views: 1342

Re: Retirement Planning Today Course

I see these offered all the time at a nearby college. I've seen numerous different instructors names/companies teaching it. Usually it's a 2 day (3 hour a day course). They all offer a free portfolio analysis at the end of the course. Though they are educational in nature, it is a way for them to fi...
by Mr.BB
Sat Apr 01, 2017 4:19 pm
Forum: Personal Consumer Issues
Topic: Does living at the beach reduce it's appeal?
Replies: 43
Views: 6093

Re: Does living at the beach reduce it's appeal?

We travel to Maui almost every year, it is our favorite place, we love going there. We joked about being able to retire there; but we realized that what makes it so special is that we are not there all the time. If we are lucky in retirement we will be able to stay there for a few weeks every year, ...
by Mr.BB
Fri Mar 31, 2017 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: New to the Forum-Totally lost in regards to how much $ I need to retire
Replies: 15
Views: 1228

Re: New to the Forum-Totally lost in regards to how much $ I need to retire

To have a better idea for your retirement number you really need to do detail tracking of your expenses for one year. I've done it 3 out of the last 4 years, and you really see some consistencies with certain spending habits/categories. Use Quicken for a year, make sure you count all of your cash tr...
by Mr.BB
Fri Mar 31, 2017 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Caluclating Fed taxes after age 70
Replies: 8
Views: 919

Re: Caluclating Fed taxes after age 70

Thanks everyone!
by Mr.BB
Fri Mar 31, 2017 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Caluclating Fed taxes after age 70
Replies: 8
Views: 919

Caluclating Fed taxes after age 70

How does Social Security get calculated into what tax bracket you fall into when you retire. Let's say you do your first RMD distribution at age 70.5 Dividends Pension Social Security Benefits I know in terms of which state you live in, the pension and social security may or may not be taxed. But in...
by Mr.BB
Thu Mar 30, 2017 3:12 pm
Forum: Investing - Theory, News & General
Topic: What was your costliest investment mistake?
Replies: 162
Views: 22992

Re: What was your costliest investment mistake?

I have made numerous stock picking mistakes over the years. One hurts to much to talk about, but my favorite could of/ should of was TASR. My wife told me about the company (April 2003..I think), Bought $2,000 worth of shares at around 13.00 and then maybe a month later another $2,000 worth at arou...
by Mr.BB
Thu Mar 30, 2017 1:59 pm
Forum: Investing - Theory, News & General
Topic: What was your costliest investment mistake?
Replies: 162
Views: 22992

Re: What was your costliest investment mistake?

I have made numerous stock picking mistakes over the years. One hurts to much to talk about, but my favorite could of/ should of was TASR. My wife told me about the company (April 2003..I think), Bought $2,000 worth of shares at around 13.00 and then maybe a month later another $2,000 worth at aroun...
by Mr.BB
Thu Mar 30, 2017 7:17 am
Forum: Personal Consumer Issues
Topic: Chores for elementary school age kids?
Replies: 18
Views: 1334

Re: Chores for elementary school age kids?

Chores are not just about doing a job, it is about learning responsibility.
Give a basic allowance (this also makes for a great financial learning experience!)
There is always dusting, vacuuming, taking the garbage out, washing windows..etc.
by Mr.BB
Wed Mar 29, 2017 8:07 pm
Forum: Investing - Help with Personal Investments
Topic: Have had money in a managed Merrill Lynch account for years, wondering if I should switch
Replies: 30
Views: 1429

Re: Have had money in a managed Merrill Lynch account for years, wondering if I should switch

Tell you advisor that you want a complete breakdown per fund they have you in. What the expense ratio of that particular fund is as well as any other fees that you are paying. Then add in any fees that the advisor is charging you. FYI anyone that tells you that they can't give you a breakdown, you s...
by Mr.BB
Wed Mar 29, 2017 4:40 pm
Forum: Investing - Theory, News & General
Topic: anyone factor in future inheritance?
Replies: 78
Views: 4795

Re: anyone factor in future inheritance?

I don't' count on it in my regular calculations, but I do believe that within the next 5-10 years, we may be receiving some money. I know my relatives financial numbers and have taken 25% off the number I think we would inherit. (If it's higher than it's just a bonus). I'm not counting on any of it,...
by Mr.BB
Wed Mar 29, 2017 5:25 am
Forum: Personal Finance (Not Investing)
Topic: Daugther's Credit Card Windfall
Replies: 40
Views: 4818

Re: Daugther's Credit Card Windfall

Ask her how she would feel if the bank accidently took $5,000 from her saving account and transferred it to someone else's account. Would she want the money back? Would she expect the other person to tell the bank what happened so the money would be put back into her account? You can tell everything...
by Mr.BB
Tue Mar 28, 2017 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Red light camera Fort Worth
Replies: 50
Views: 3156

Re: Red light camera Fort Worth

Your car
Your rental agreement
Your responsibility

The only questions I have is why a law firm is contacting you, and why isn't your sister in law reimbursing you since she is the one who messed up?
by Mr.BB
Tue Mar 28, 2017 9:36 am
Forum: Investing - Theory, News & General
Topic: Baby Boomer Retirement Stats
Replies: 6
Views: 1746

Re: Baby Boomer Retirement Stats

I know baby boomers on both end of the spectrum, and (just my opinion), I'll bet those numbers are pretty accurate.
by Mr.BB
Tue Mar 28, 2017 5:27 am
Forum: Personal Finance (Not Investing)
Topic: An Edward Jones Financial Advisor stopped by my house and spoke with my wife
Replies: 111
Views: 11634

Re: An Edward Jones Financial Advisor stopped by my house and spoke with my wife

I had an EJ adviser stop by my house a few years ago. I was surprised that they did that. We stood outside and I talked to the guy for for a little bit, (I figure talk is free...why not listen). I mentioned that I was starting to increase my bond holdings at that point. He left some flyers in my mai...
by Mr.BB
Wed Mar 22, 2017 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Vehicles as a percentage of net worth
Replies: 102
Views: 5497

Re: Vehicles as a percentage of net worth

Congratulations! I just traded in my 10 year old car. I also save up money monthly so I can pay for the whole and not worry about monthly payments. To help keep my credit score up, I usually take a loan out for 2-3 years, and pay if off in 6-7 months, with the remainder of the money I saved up after...
by Mr.BB
Wed Mar 22, 2017 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Lousy Customer Service
Replies: 84
Views: 6194

Vanguard services

Last week I made an exchange from my Roth account. I told the advisor I wanted to take one of my existing funds and exchange 75% of the total into a new fund and then 13% into an existing fund and 12% into a different existing fund. He made a mistake and took 13% of the left over money (after they m...
by Mr.BB
Wed Mar 22, 2017 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1474
Views: 219791

Re: What's Your Credit Card Rewards Strategy?

We get most of our points for hotels. Marriot rewards visa and Hilton cards.

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