Search found 123 matches

by NYC_Guy
Sat Jul 22, 2017 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Teenager taking out loans to establish good credit
Replies: 24
Views: 1372

Re: Teenager taking out loans to establish good credit

+1 to everything. Add, pay the loan monthly and do not let the loan "capitalize" interest. Our CreditUnion Visa card is 7.5%. Avoid more than 33% of CC capacity. Pay at least minimum payment to avoid capitalization of interest Open up a checking account. Get a VisaCard. Use checking accou...
by NYC_Guy
Sun Jul 16, 2017 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: Help! no access to 401k
Replies: 11
Views: 952

Re: Help! no access to 401k

Whole life is the rich mans garbage pile. These products are absolute junk for everyone. Not true. There's a proper use for them. But you need to have a very specific set of conditions to make proper use of them. WCI has a god set of materials on it. As an aside and to be responsive to the OP, $185...
by NYC_Guy
Thu Jul 13, 2017 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 9713

Re: Do you count vehicle equity in net worth?

Cars and houses are liabilities, not assets. Even if you sell them, you have to buy or lease replacements. I guess they might be assets after you're dead. I completely disagree with this. I could easily downsize (sell my weekend/vacation house, sell my main house and move to a very nice condo) and ...
by NYC_Guy
Thu Jul 13, 2017 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 9713

Re: Do you count vehicle equity in net worth?

As the subject says and just curious what the majority is. If you do, where do you draw the line? Count jewelry and other objects? Seems excessive and unnecessary. I've always thought of net worth as most reference it as no more than cash, investments, and home equity. I do. When I buy a car (which...
by NYC_Guy
Mon Jun 12, 2017 8:58 pm
Forum: Personal Consumer Issues
Topic: Dehumidifier woes
Replies: 66
Views: 4931

Re: Dehumidifier woes

I use the Sante Fe Classic. Going strong after 9 years.

http://www.santa-fe-products.com
by NYC_Guy
Mon Jun 12, 2017 10:50 am
Forum: Personal Finance (Not Investing)
Topic: 529 for child - Gift?
Replies: 6
Views: 801

Re: 529 for child - Gift?

Gift split with your wife (and file the annual form) and move $28k per year. Or gift split with wife and use the special five year rule for 529s to move it all now.
by NYC_Guy
Thu May 18, 2017 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Question for you high net worth individuals... [real estate investments]
Replies: 82
Views: 11231

Re: Question for you high net worth individuals...

I've lost money on real estate. My net worth comes from a high income and a reasonable limitation on my expenses. Savings is the result. The less you make, the more you have to cut expenses to get to the numbers you are talking about. Take, for example, a professional couple in their mid-30s who are...
by NYC_Guy
Tue Apr 25, 2017 9:42 pm
Forum: Personal Consumer Issues
Topic: How do you build a house?
Replies: 10
Views: 1691

Re: How do you build a house?

Start with an architect. Decide if you want to pay as a percentage/fixed fee or on an hourly basis. If you need a lot of hand holding, on an hourly basis might be pricey.
by NYC_Guy
Fri Apr 21, 2017 6:34 pm
Forum: Investing - Theory, News & General
Topic: Single most important investing advice?
Replies: 97
Views: 12470

Re: Single most important investing advice?

If you could identify the single most important investing advice you received or carried out, what would that be? I think mine would be "start investing early". Mine would be "invest in your earning potential". My wealth comes from my earning capacity. Everything else (including...
by NYC_Guy
Fri Apr 21, 2017 4:14 pm
Forum: Personal Consumer Issues
Topic: Removing a tree - expensive!!!
Replies: 85
Views: 7911

Re: Removing a tree - expensive!!!

We have an old Silver maple that needs to be removed. It is still alive, but not "healthy". It is the last of three still standing, where the other two from when we bought the house 38 years ago have fallen down. I suspect that this remaining tree may be suffering from the same sort of in...
by NYC_Guy
Thu Apr 20, 2017 8:03 am
Forum: Investing - Help with Personal Investments
Topic: Which small-cap value index is better?
Replies: 7
Views: 1130

Re: Which small-cap value index is better?

For US investments tilted to small-cap value, I mainly use IJS (S&P small-cap 600 value index) because it invests in somewhat small and value stocks and is "good enough" for a DIY investor who doesn't have access to DFA funds and cares about cost/ tax-efficiency. Which index would be ...
by NYC_Guy
Wed Apr 19, 2017 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from Chicago NW suburbs to NJ/NY area
Replies: 31
Views: 2622

Re: Moving from Chicago NW suburbs to NJ/NY area

I live in Chicago NW suburbs Software field, I make $150k + bonus. I have 2 offers from from with in our company - one at new jersey for same salary and another at northern NY(weschester county) for an additional 10% salary. Both carry an additional 5% bonus and relocation assistance. So far here i...
by NYC_Guy
Wed Apr 19, 2017 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: wealthfront and tax loss harvesting
Replies: 13
Views: 1099

Re: wealthfront and tax loss harvesting

If you own a collection of Vanguard index funds, you will likely experience very small capital gain distributions. In fact, over the last decade or so, I'm not sure I've experienced *any* capital gains distributions from my various Vanguard equity funds. (But don't rely on my memory - better to loo...
by NYC_Guy
Wed Apr 19, 2017 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: wealthfront and tax loss harvesting
Replies: 13
Views: 1099

Re: wealthfront and tax loss harvesting

So is it incorrect to say that there is not much tax loss harvesting to do with 3 index funds? I see it if you have tons of individual stocks and can dump the losers at the end of the year but that isn't the case with a 3 or 4 fund portfolio. The basics of my question which no one has really touche...
by NYC_Guy
Wed Apr 19, 2017 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: wealthfront and tax loss harvesting
Replies: 13
Views: 1099

Re: wealthfront and tax loss harvesting

Thank you for the reply but I understand the concept of tax loss harvesting but if you have a portfolio that consists of only 3 to 4 index funds is tax loss harvesting actually anything that is substantial in that instance? Scenario #1: You invest 100k in a S&P 500 index fund. It goes up by 10%...
by NYC_Guy
Wed Apr 19, 2017 1:12 am
Forum: Investing - Theory, News & General
Topic: Selling Mutual Fund shares - watch ETF prices at 3:45pm?
Replies: 19
Views: 2340

Re: Selling Mutual Fund shares - watch ETF prices at 3:45pm?

No. But I guess with one exception. If the market is in freefall, and I can manage without the sale and withdrawal, I wouldn't be selling into a major market correction.
by NYC_Guy
Mon Apr 17, 2017 10:06 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity equivalent of Vanguard small value index fund
Replies: 9
Views: 826

Re: Fidelity equivalent of Vanguard small value index fund

Can someone please suggest a Fidelity equivalent of Vanguard small value index fund I would like to use a small value index fund in my 401 k with Fidelity I have access to all the fidelity funds through brokerage link but will have to pay extra fees for vanguard funds thanks IJS (Blackrock ETF) sho...
by NYC_Guy
Mon Apr 17, 2017 10:33 am
Forum: Investing - Help with Personal Investments
Topic: How much money do you need to generate $50,000 per month?
Replies: 60
Views: 8102

Re: How much money do you need to generate $50,000 per month?

I know I wouldn't be close to comfortable with a retirement plan that gave me a 40+% chance of needing to cut back expenses (potentially quite significantly). If we assume that they mean they actually want to spend $600k/year, then I'm guessing they have a lifestyle they wish to maintain and don't ...
by NYC_Guy
Mon Apr 17, 2017 10:16 am
Forum: Investing - Help with Personal Investments
Topic: How much money do you need to generate $50,000 per month?
Replies: 60
Views: 8102

Re: How much money do you need to generate $50,000 per month?

$50K/mo = $600K/yr. Using the standard 4% rule, you would need a portfolio of $15M to "likely" never run out. The 4% rule is based on not running out of money in a 30 year period. For periods longer than 30 years, a lower withdrawal rate is necessary to come to the same conclusion. 2.5-3%...
by NYC_Guy
Sun Apr 16, 2017 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: General retirement questions
Replies: 24
Views: 3715

Re: General retirement questions

Hi all, hoping to get a little advise and a kick in the right direction. I'm making decent money but I feel I'm lagging a bit in what I could be doing retirement wise. I'm in my mid thirties, married with a family, making around $200k a year. My company gives me 15% of my income in to a retirement ...
by NYC_Guy
Sun Apr 16, 2017 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: How much money do you need to generate $50,000 per month?
Replies: 60
Views: 8102

Re: How much money do you need to generate $50,000 per month?

I have a friend who is looking to generate around $50k per month. Let's call it $40k after taxes. In the past it was safe to say you could achieve $50k annually per $1 million invested which would equate to around $12 million or so. I am not sure if this is still the case. Thoughts? That's not an u...
by NYC_Guy
Sun Apr 16, 2017 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: How much money do you need to generate $50,000 per month?
Replies: 60
Views: 8102

Re: How much money do you need to generate $50,000 per month?

I have a friend who is looking to generate around $50k per month. Let's call it $40k after taxes. In the past it was safe to say you could achieve $50k annually per $1 million invested which would equate to around $12 million or so. I am not sure if this is still the case. Thoughts? Yes, but with a...
by NYC_Guy
Sun Apr 16, 2017 9:10 am
Forum: Investing - Help with Personal Investments
Topic: 401K at Fidelity - International SCV and EM Funds/ETF
Replies: 7
Views: 616

Re: 401K at Fidelity - International SCV and EM Funds/ETF

Gemini wrote:It is a solo 401k. I can purchase any funds or ETFs Fidelity offers.

Ideal would be DISVX, but not avail at Fido.
Thoughts on SCHC or EWX?


IEMG for emerging markets.
SCHC Int SCV, even if it costs $4.95 to trade.

Good luck.
by NYC_Guy
Sun Apr 16, 2017 1:30 am
Forum: Investing - Theory, News & General
Topic: Is it necessary to diversify across Factors?
Replies: 123
Views: 7667

Re: Is it necessary to diversify across Factors?

...One odd thing to me about this debate is almost everyone here is comfortable with a one-factor model version of all this... That would be incorrect. While CAPM and other models that come out of the EMH school of thought are interesting, not everyone uses that as a reasoning for indexing in a low...
by NYC_Guy
Sat Apr 15, 2017 8:23 pm
Forum: Investing - Theory, News & General
Topic: Is it necessary to diversify across Factors?
Replies: 123
Views: 7667

Re: Is it necessary to diversify across Factors?

This is a non-issue for most people. For most people, if they invest at all, it is in a 401k or other employer plan, where they just have to pick from the available fund lineup. If they're lucky, they'll find a couple of low cost funds, maybe a large-cap or all-cap domestic fund, maybe even an inte...
by NYC_Guy
Sat Apr 15, 2017 11:13 am
Forum: Investing - Help with Personal Investments
Topic: 401K at Fidelity - International SCV and EM Funds/ETF
Replies: 7
Views: 616

Re: 401K at Fidelity - International SCV and EM Funds/ETF

If it's an employer 401k, you will be limited to the options in the plan, which likely includes non-Fido options, too. Really can't advise without a list of options. If it's a self employed 401k, you should clarify.
by NYC_Guy
Sat Apr 15, 2017 11:05 am
Forum: Investing - Help with Personal Investments
Topic: Savings for a 1st/3rd House
Replies: 1
Views: 400

Re: Savings for a 1st/3rd House

So I own two houses. Both are rented and I rent in another state. I'm saving for a house to buy to live in-(not sure which state it'll be in/if I'll move again) Time horizon 1-3 years. I max out 401k and IRA. Efund is sufficient at 1/3 checking 1/3 high yield savings 1/3 stable value fund. Theres a...
by NYC_Guy
Fri Apr 14, 2017 11:17 pm
Forum: Personal Consumer Issues
Topic: What do you do with your coins?
Replies: 76
Views: 4980

Re: What do you do with your coins?

Just took $430 in coin to my bank. Walked out with a deposit to my checking account. I don't know, but I guess I think that Money is a function of banks - so they should take my money and deposit it. It took about 2 minutes to count the coins, and that was only because they had to change a bag it d...
by NYC_Guy
Fri Apr 14, 2017 3:40 pm
Forum: Personal Consumer Issues
Topic: What do you do with your coins?
Replies: 76
Views: 4980

Re: What do you do with your coins?

My time is worth something, so I'd rather pay the machine the fee to count it than wrap up coins myself and take them to the bank, or figure out the 7-step procedure for getting my bank to take them. I'm sure that will put some diehard BH's nose out of joint, but meh. It is beyond my understanding ...
by NYC_Guy
Thu Apr 13, 2017 10:26 pm
Forum: Personal Consumer Issues
Topic: Cost Creep and Teen and College Years?
Replies: 52
Views: 3985

Re: Cost Creep and Teen and College Years?

Adding a few things to genxer's good list: Dual credit courses taken in HS can run $200/class; varies by school and region. Sports and activities now cost at most schools, ~200 per term. Not to mention equipment. If kids do get into competitive club sports, you're looking at >2k/yr. Even if they de...
by NYC_Guy
Thu Apr 13, 2017 9:53 pm
Forum: Personal Consumer Issues
Topic: Cost Creep and Teen and College Years?
Replies: 52
Views: 3985

Re: Cost Creep and Teen and College Years?

OP, It is very simple. Can you say no? 1) I save 30+% of my gross income. I do "Pay Yourself First". If I do not have the money, I could say no. 2) If the children want something beyond what I can or willing to pay for, they have to find and use their own money. We give cash for their bir...
by NYC_Guy
Thu Apr 13, 2017 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: FTIPX vs. IXUS (international ex-US)
Replies: 10
Views: 860

Re: FTIPX vs. IXUS (international ex-US)

I would not pair IXUS and FTIPX for TLH. If you want to use IXUS (a perfectly good choice if you want to use ETFs), I would pair with FSGDX or FSIVX. So they are too similar for TLH, as I figured. Thanks whodidntante for your feedback as well. Any reasons not to make the switch with new money or TL...
by NYC_Guy
Thu Apr 13, 2017 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: FTIPX vs. IXUS (international ex-US)
Replies: 10
Views: 860

Re: FTIPX vs. IXUS (international ex-US)

I would not pair IXUS and FTIPX for TLH. If you want to use IXUS (a perfectly good choice if you want to use ETFs), I would pair with FSGDX or FSIVX.
by NYC_Guy
Thu Apr 13, 2017 7:38 am
Forum: Investing - Help with Personal Investments
Topic: ~20 year long investing
Replies: 17
Views: 1550

Re: ~20 year long investing

Really curious also what is your profession. Here are my guesses: astronaut, military, working on a ship, CIA spy? Second that. This is a weird, ambiguous post, with lots of spelling and grammar errors by the OP, and sounds like a situation too good to be true. My guess was oil fields in Saudi, Nig...
by NYC_Guy
Wed Apr 12, 2017 10:01 pm
Forum: Personal Consumer Issues
Topic: See advice for traveling to NYC on a regular basis
Replies: 14
Views: 1318

Re: See advice for traveling to NYC on a regular basis

You will be driving. There's no train that doesn't take forever (and a day) from Western NY. Maybe flying depending on where you live...but I would drive it. Forever and a day is a bit of an exaggeration. Scheduled Amtrak time from Rochester to Penn Station is about 8 hours . Driving from Rochester...
by NYC_Guy
Wed Apr 12, 2017 7:13 pm
Forum: Investing - Help with Personal Investments
Topic: ~20 year long investing
Replies: 17
Views: 1550

Re: ~20 year long investing

Sequence risk does not reward those who are risk averse. Surprised no one picked up on it - averse means strong dislike of risk. Those who are risk averse would hold a diversified portfolio or consider a Larry Portfolio - small value domestic and international at 30 percent, then 70 percent in inte...
by NYC_Guy
Wed Apr 12, 2017 6:35 pm
Forum: Personal Consumer Issues
Topic: See advice for traveling to NYC on a regular basis
Replies: 14
Views: 1318

Re: See advice for traveling to NYC on a regular basis

I have an interesting opportunity and would like to take advantage of it. It would involve traveling to NYC maybe 3 to 5 times a year. I live in Western NY and these would probably be 2 -3 day weekends. My concern is the cost for traveling (car? plane? or train?) and hotels (something clean and saf...
by NYC_Guy
Wed Apr 12, 2017 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: ~20 year long investing
Replies: 17
Views: 1550

Re: ~20 year long investing

Dear Bogleheads, I'm 25, starting my highly payed job soon in an area which is very stable, until you reach 45. This age is considered an age when you should be replaced and you should retire. Additionally, this work covers all expenses and provides almost 0 possibility to spend any money at all. F...
by NYC_Guy
Tue Apr 11, 2017 6:17 pm
Forum: Personal Consumer Issues
Topic: Honda Pilot good 1st vehicle for teen?
Replies: 46
Views: 3018

Re: Honda Pilot good 1st vehicle for teen?

If it were my shoes, I would keep the Pilot for your son. I would however limit his ability to haul friends around. As someone else mentioned above, nothing good for him or you can come from your son hauling friends around. That's not how (my) teenagers worked. They generally do exactly what you te...
by NYC_Guy
Tue Apr 11, 2017 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Northwestern Mutual (65 Life) Whole Life Insurance Question
Replies: 13
Views: 980

Re: Northwestern Mutual (65 Life) Whole Life Insurance Question

But why dump it if I can see a break even/profit situation down the road? Sure, it could take a decade or so, but wouldn't it be worthwhile to continue down this road and get all of my money back versus eating the cost? If you decide to keep it (against Boglehead advice ), have your agent show you ...
by NYC_Guy
Tue Apr 11, 2017 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Northwestern Mutual (65 Life) Whole Life Insurance Question
Replies: 13
Views: 980

Re: Northwestern Mutual (65 Life) Whole Life Insurance Question

MidwestGuy wrote:Would it be in my best interest to at least ride this out until I can break even? I'd hate to pull out of this and end up eating a couple grand due to getting cold feet.


That break even is over a decade away, perhaps two decades. Dump it. Don't allow the sunk cost to influence your future decision.
by NYC_Guy
Tue Apr 11, 2017 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: 3 Fund Portfolio: FTIPX or FSGDX ?
Replies: 13
Views: 1136

Re: 3 Fund Portfolio: FTIPX or FSGDX ?

Top 10 holdings are, essentially, the same. If this is a taxable account, flip a coin because you will probably TLH into the other. https://www.bogleheads.org/forum/viewtopic.php?t=194213 Thank you. I should have mentioned, this is a tax advantage account. Does that change your answer? I'd probably...
by NYC_Guy
Tue Apr 11, 2017 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Northwestern Mutual (65 Life) Whole Life Insurance Question
Replies: 13
Views: 980

Re: Northwestern Mutual (65 Life) Whole Life Insurance Question

Dump it. You are so clearly not a proper candidate for this that its sale to you should be a criminal act.
by NYC_Guy
Tue Apr 11, 2017 3:42 pm
Forum: Personal Consumer Issues
Topic: Prewiring house for tv and internet. Worth it?
Replies: 65
Views: 4683

Re: Prewiring house for tv and internet. Worth it?

I would consider: 1. Cat6 and power drops in areas where you will put future wifi routers 2. HD antenna wiring coax conduit from attic to your TVs in case you want to cut the cord. 3. Wall Cat6/Coax and AC plates wherever you may put a future TV. 4. In-wall speakers with wire drops to a closet if y...
by NYC_Guy
Tue Apr 11, 2017 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: 3 Fund Portfolio: FTIPX or FSGDX ?
Replies: 13
Views: 1136

Re: 3 Fund Portfolio: FTIPX or FSGDX ?

Top 10 holdings are, essentially, the same. If this is a taxable account, flip a coin because you will probably TLH into the other. :beer

viewtopic.php?t=194213
by NYC_Guy
Tue Apr 11, 2017 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Help Offsetting Bad 403(b) Options with Index Funds
Replies: 12
Views: 762

Re: Help Offsetting Bad 403(b) Options with Index Funds

IMHO, 60 bps is worth just a tiny bit of complexity. Here's what I would do VIIIX is an S&P 500 fund. Large cap blend. In my example, I suggested VOO. VIIIX is the mutual fund equivalent. I would do 60% of the 457 in that. VTPSX is a good international choice. I suggested VXUS. VTPSX is fine. I ...
by NYC_Guy
Tue Apr 11, 2017 2:24 pm
Forum: Personal Consumer Issues
Topic: Honda Pilot good 1st vehicle for teen?
Replies: 46
Views: 3018

Re: Honda Pilot good 1st vehicle for teen?

If it were my shoes, I would keep the Pilot for your son. I would however limit his ability to haul friends around. As someone else mentioned above, nothing good for him or you can come from your son hauling friends around. That's not how (my) teenagers worked. They generally do exactly what you te...
by NYC_Guy
Tue Apr 11, 2017 2:21 pm
Forum: Personal Consumer Issues
Topic: Prewiring house for tv and internet. Worth it?
Replies: 65
Views: 4683

Re: Prewiring house for tv and internet. Worth it?

Yes, but don't go crazy. I would not wire for music. I would run Cat 6a to the location for a main office in the house. I'd also think where you would want each wireless access point. These can be hidden in closets. If you have a big house, you may want a few wireless access points. Put an A/C outl...
by NYC_Guy
Tue Apr 11, 2017 12:59 pm
Forum: Personal Consumer Issues
Topic: Prewiring house for tv and internet. Worth it?
Replies: 65
Views: 4683

Re: Prewiring house for tv and internet. Worth it?

Yes, but don't go crazy. I would not wire for music. I would run Cat 6a to the location for a main office in the house. I'd also think where you would want each wireless access point. These can be hidden in closets. If you have a big house, you may want a few wireless access points. Put an A/C outle...
by NYC_Guy
Tue Apr 11, 2017 11:11 am
Forum: Investing - Help with Personal Investments
Topic: Help Offsetting Bad 403(b) Options with Index Funds
Replies: 12
Views: 762

Re: Help Offsetting Bad 403(b) Options with Index Funds

Wow... thanks everyone! I am still waiting for a list of options from one last provider, and then I'll post the Google spreadsheet I'm putting together. It will make it much easier to compare my options. Thanks! Assuming, for simplicity, you are 100% invested in equities and 33% of your portfolio i...