Search found 1001 matches

by awval999
Thu Aug 10, 2017 10:58 am
Forum: Investing - Theory, News & General
Topic: Investing In Water
Replies: 29
Views: 2504

Re: Investing In Water

uberational44 wrote:I have looked at the numbers and the logic behind a defensive investment in water is pretty interesting...

-It's one of the world's most valuable commodities
71 percent of all of the Earth is covered in water.

Sure, it's salty. But it can be desalinized if necessary.
by awval999
Wed Aug 09, 2017 6:44 am
Forum: Investing - Theory, News & General
Topic: Still Buying As planned Regardless Of The World Situation
Replies: 72
Views: 7597

Re: Still Buying As planned Regardless Of The World Situation

I have personally increased my net worth substantially by taking on lots of mortgage debt, both before and after retirement. I do not understand why paying down debt is advantageous if the interest on that debt is 1/4 to 1/3 of the long term CAGR of equities. You are the right that it is mathematic...
by awval999
Sun Aug 06, 2017 4:18 am
Forum: Personal Finance (Not Investing)
Topic: Do I need my term life insurance anymore?
Replies: 6
Views: 993

Re: Do I need my term life insurance anymore?

The premiums seem high for the amount of coverage, but I guess that's because it pays out for disability and death of either one of you two. The answer to your question depends on if you would want your wife (or does she have the earning capability) to (re)enter the workforce. If you got hit by a bu...
by awval999
Thu Aug 03, 2017 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Anybody with Student Loans applying for PSLF in October 2017?
Replies: 17
Views: 1163

Re: Anybody with Student Loans applying for PSLF in October 2017?

In my opinion, do not worry about changes to the program affecting current borrowers. No one has proposed making any changes for anyone with existing loans. Because when they do, it will be done in the dark of night. Not one dime has ever been forgiven under any of these "plans". There's ...
by awval999
Wed Aug 02, 2017 6:04 pm
Forum: Personal Consumer Issues
Topic: Barcelona Hotel Recommendations
Replies: 23
Views: 1400

Re: Barcelona Hotel Recommendations

At that budget, in October, you may as well stay at the Hotel Arts Ritz Carlton.
by awval999
Mon Jul 31, 2017 7:33 am
Forum: Personal Finance (Not Investing)
Topic: How do you decide if you can afford something?
Replies: 63
Views: 3601

Re: How do you decide if you can afford something?

bottlecap wrote:If you have to finance anything other than house, you can't afford it.

It's simple and true. You may not like it, but you can't get around it.

JT


With the exception of college/university, I'd agree with that.
by awval999
Thu Jul 13, 2017 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 9721

Re: Do you count vehicle equity in net worth?

I do. However I do see the point when it becomes such a small part of your overall net worth what's the point, for example, home furnishings. No one really puts that stuff into their net worth. But, even for someone with $1MM net worth, an average $20,000 value new Camry/Accord/SUV etc is still 2% o...
by awval999
Sat Jul 08, 2017 10:37 am
Forum: Personal Finance (Not Investing)
Topic: How much of an increase of salary would you expect before switching jobs?
Replies: 94
Views: 6648

Re: How much of an increase of salary would you expect before switching jobs?

I think you're really just working more for the same actual pay. Old job: 3 Weeks Vacation / 52 Weeks in a year = 5.8% of your pay is vacation New job: 2 Weeks Vacation / 52 Weeks in a year = 3.8% of your pay is vacation Right here you lost 2% of your "raise" because you're working an extr...
by awval999
Sat Jul 08, 2017 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Transamerica Life Insurance
Replies: 8
Views: 522

Re: Transamerica Life Insurance

Anyone have life insurance with Transamerica? That's who mine is with, I noticed they have a B- rating with BBB, so I was kind of concerned about that; does the BBB (Better Business Bureau) rating mean much? A BBB rating has nothing to do with the company's financial stability. FYI their AM Best ra...
by awval999
Thu Jul 06, 2017 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - is it worth it?
Replies: 156
Views: 10057

Re: Long term care insurance - is it worth it?

Here's a question to ponder. Many feel that a reasonable Boglehead can self-pay for a year/two of nursing home care. Let's call it $60k/year, so a couple hundred thousand dollars. For most retirements, that's gonna hurt, for sure, but it will be like a rehabilitation. Break leg, hip, do some PT, see...
by awval999
Tue Jul 04, 2017 4:35 pm
Forum: Personal Consumer Issues
Topic: What do you splurge on?
Replies: 133
Views: 11311

Re: What do you splurge on?

Travel.
by awval999
Tue Jul 04, 2017 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Capital Gains on a Stock
Replies: 9
Views: 652

Re: Capital Gains on a Stock

I can't imagine anything more risky than what you are currently doing. You have literally "won" the "game" and every day you hold 3.5MM of JNJ stock until the day you sell nearly all of it you are risking ruin. I usually laugh off the true believers that say you shouldn't own ind...
by awval999
Sun Jul 02, 2017 8:14 am
Forum: Personal Finance (Not Investing)
Topic: What are your health insurance stats?
Replies: 89
Views: 5281

Re: What are your health insurance stats?

I work for a health system. So the health insurance (of course you have to use the health systems' hospitals and doctors) is generous. As the above poster pointed out, this really isn't even insurance, it's simply health coverage . Premium: $200/month Self+Spouse Deductible: $0 Co-insurance after de...
by awval999
Thu Jun 29, 2017 6:25 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 220
Views: 17241

Re: Buying house - Very important decision

This is approximately what I make. Plan to go down to 1 income in the future with children.

Never would I consider a $500k+ mortgage. Never.
by awval999
Mon Jun 26, 2017 5:55 am
Forum: Investing - Theory, News & General
Topic: Yes, This Is Market Timing: If the CAPE Goes Above 30, Bring on the Larry
Replies: 142
Views: 10238

Re: Yes, This Is Market Timing: If the CAPE Goes Above 30, Bring on the Larry

I'm just curious what the PE8 is.

The PE10 takes into account two really bad years, 2008 and 2009. If those years were removed, would the PE8/CAPE number be reasonable?
by awval999
Sun Jun 18, 2017 8:07 am
Forum: Personal Finance (Not Investing)
Topic: How to apply for a credit card if I am a stay at home mom?
Replies: 5
Views: 861

Re: How to apply for a credit card if I am a stay at home mom?

http://files.consumerfinance.gov/f/2013 ... l-rule.pdf

You are able to use household income under the CARD act.
Instead of picking "unemployed" pick "other".
by awval999
Tue May 30, 2017 7:43 am
Forum: Personal Consumer Issues
Topic: Do I deserve it? [A new car]
Replies: 69
Views: 5648

Re: Do I deserve it?

Sure you "could" do it. After taxes, making $60k/year with standard deduction, 10% into 401k, health insurance, etc., I bet you only net net $40k/year. So do you really want to blow a years worth of net income on a car? To answer your question, no I would not buy a $35k car on a $60k salar...
by awval999
Tue May 30, 2017 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Should I move or not?
Replies: 7
Views: 987

Re: Should I move or not?

I think it's a lot of hassle to save $1000/month, and may even be less since you will no longer be deducing home interest, property taxes, etc. (By the way, what your tax refund was doesn't matter, it makes what your itemized deductions were that were above the standard deduction). Especially since ...
by awval999
Sun May 28, 2017 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Play Money for Spouse....
Replies: 138
Views: 10447

Re: Play Money for Spouse....

knpstr wrote:With your presumed finances why not simply say to her she should spend everything she makes on herself?

or does she already do this and she is wanting money above this amount?


This.

Completely reasonable for you to say she can spend the $1000/month on her self.
by awval999
Mon May 22, 2017 6:04 pm
Forum: Personal Consumer Issues
Topic: Mexican Pacific Beaches
Replies: 52
Views: 4591

Re: Mexican Pacific Beaches

Re digestive issues in Mexico. It is know as the Mexican two step. Ha ha. Seriously tons of people from Arizona go to Mexico every year and almost no one gets sick anymore. It is very rare and cleanliness has gotten much better. Plus gringos have learned how to eat and drink in Mexico. The issue is...
by awval999
Tue May 16, 2017 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Leaving money in MA teacher pension, but never planning to draw pension?
Replies: 18
Views: 1973

Re: Leaving money in MA teacher pension, but never planning to draw pension?

I don't understand why you don't want to roll it over into an IRA where you can invest according to your asset allocation (80/20?) where your expected returns over the next 30+ years will be >3%.
by awval999
Wed May 10, 2017 6:44 am
Forum: Investing - Theory, News & General
Topic: Please explain Gap insurance on a car
Replies: 11
Views: 969

Re: Please explain Gap insurance on a car

If you put 25% down, I doubt you need Gap insurance. Really, all Gap insurance is for, is to make sure you don't have to write a check to the finance company if you total your 2-3 year old car and you're underwater on it and the insurance check for FMV doesn't cover the finance amount. So you could ...
by awval999
Mon May 08, 2017 6:58 am
Forum: Investing - Help with Personal Investments
Topic: My daughter Pepsi shares - where are they??
Replies: 4
Views: 1287

Re: My daughter Pepsi shares - where are they??

http://www.pepsico.com/Investors/FAQ

Who is your transfer agent?
Computershare
211 Quality Circle
Suite 210
College Station, TX 77842
800-226-0083
(201) 680-6578 (international callers)

Online inquiries: www-us.computershare.com/investor/Contact
Website: www.computershare.com/investor

I'd start here.
by awval999
Fri May 05, 2017 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Amex membership rewards help
Replies: 16
Views: 1421

Re: Amex membership rewards help

This is wrong. The MR will expire if he doesn't have another MR card. Amex Everyday card is a CREDIT card, not a CHARGE card (they mean two different things in the points hobby). Yes, he can apply for the Everyday card, like the MR accounts and keep his MRs. He cannot cancel the Gold Biz until the ...
by awval999
Fri May 05, 2017 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Amex membership rewards help
Replies: 16
Views: 1421

Re: Amex membership rewards help

There's no free Amex charge cards, so he can't downgrade to a no annual fee card. You can call and ask for an annual fee waiver/credit/bonus miles. You could transfer the miles to Delta ($48 fee, excise tax). Delta miles have no expiration (for now). Those are the two best options at this point. De...
by awval999
Fri May 05, 2017 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Amex membership rewards help
Replies: 16
Views: 1421

Re: Amex membership rewards help

There's no free Amex charge cards, so he can't downgrade to a no annual fee card. We have the Amex Blue Cash (since 2009) and never paid a fee. That's a credit card. Sorry, I shouldn't be so loose with the credit card slang/lingo here in the Boglehead forum. Charge cards = paid in full each month (...
by awval999
Fri May 05, 2017 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Amex membership rewards help
Replies: 16
Views: 1421

Re: Amex membership rewards help

There's no free Amex charge cards, so he can't downgrade to a no annual fee card.

You can call and ask for an annual fee waiver/credit/bonus miles.

You could transfer the miles to Delta ($48 fee, excise tax). Delta miles have no expiration (for now).

Those are the two best options at this point.
by awval999
Fri May 05, 2017 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Student loan debt, PSLF, planning for future
Replies: 37
Views: 2805

Re: Student loan debt, PSLF, planning for future

I would do REPAYE/PSLF for now and see if/when/how the Higher Education Act is reauthorized this year and what changes are made. Regardless of what I "expect" to occur, it doesn't matter, and isn't applicable to this forum anyway. However, I predict you'll at least "know" how to ...
by awval999
Thu May 04, 2017 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Strategy for Mortgage Downpayment < 20%
Replies: 28
Views: 1755

Re: Strategy for Mortgage Downpayment < 20%

See if the lender offers LPMI (which is just a higher interest rate). LPMI is usually better than regular PMI as long as you don't plan to stay in the house for the full 30 years and make the minimum payments for the full 30 years. When I did the math for my situation a few years ago, breakeven with...
by awval999
Tue May 02, 2017 7:40 am
Forum: Personal Consumer Issues
Topic: Great knife for slicing limes and raw potatoes
Replies: 56
Views: 3570

Re: Great knife for slicing limes and raw potatoes

https://www.amazon.com/KitchenIQ-50009- ... +sharpener

Are you sure you just don't need a $6 knife sharpener? We have a $100 block of Target knives. They dull, but sharpen them once every other month and they can cut limes and potatoes!
by awval999
Mon May 01, 2017 8:14 pm
Forum: Personal Consumer Issues
Topic: Buying first home with old hvac
Replies: 92
Views: 4811

Re: Buying first home with old hvac

We are in process of buying our first condo and after the inspection found out that all hvac equipment is original and 20 years old. Everything is working fine but I'm worried that this will be a big expense at some point soon. We already agreed on the purchase price. Any recommendations on what we...
by awval999
Mon May 01, 2017 8:12 pm
Forum: Personal Consumer Issues
Topic: Buying first home with old hvac
Replies: 92
Views: 4811

Re: Buying first home with old hvac

I mean there's really not much else to do.

It works. Prepare for a replacement. No one is going to give you a credit for a working HVAC.
by awval999
Sat Apr 29, 2017 11:10 am
Forum: Personal Finance (Not Investing)
Topic: calculating best house value across US markets
Replies: 18
Views: 2020

Re: calculating best house value across US markets

Well, no income tax, southwest, you're looking at Texas or Nevada.
by awval999
Fri Apr 28, 2017 6:17 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford this home?
Replies: 24
Views: 2323

Re: Can we afford this home?

Take home pay $9000/month doesn't jive with that gross salary $10833/month, my wife and I make what you two make, with lots of itemized deductions. That's just not correct.
by awval999
Sun Apr 23, 2017 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Options for downpayment (Good or bad?)
Replies: 13
Views: 1133

Re: Options for downpayment (Good or bad?)

I like to say I'm much more "live and let live" on this forum when it comes to house down payment. Hell, I put down 5% with a 403b loan and took LPMI. Still glad I did (LCOL though). No way on this though buddy. If you told me you were gonna put 5% down and finance the rest and take PMI I'...
by awval999
Wed Apr 19, 2017 7:40 am
Forum: Personal Consumer Issues
Topic: iPhone Screen Replacement
Replies: 12
Views: 778

Re: iPhone Screen Replacement

I would just go to Yelp or Google Reviews to look up the best rated in your area and go there.
by awval999
Tue Apr 18, 2017 6:35 am
Forum: Investing - Theory, News & General
Topic: Unwinding all positions and buy back after French Elections
Replies: 55
Views: 6080

Re: Unwinding all positions and buy back after French Elections

For one, the answer is of course not. You just have to turn out the noise. I guarantee you can you can search and find a thread about the US Presidential election just like this one. That person would be out 20% in growth. Don't let the news media or your own personal politics change your investing ...
by awval999
Mon Apr 17, 2017 5:56 pm
Forum: Personal Consumer Issues
Topic: Best cruise
Replies: 50
Views: 4170

Re: Best cruise

I don't think you need to save for 5-10 years to pay for a basic cruise to the Carribean. They really aren't that expensive.

You'll easily be able to get a 7 day cruise for ~$1000 for two people. Add some excursions and spending money, some cheap flights to FLL or Miami you can do it for $2000.
by awval999
Thu Apr 13, 2017 6:16 am
Forum: Personal Consumer Issues
Topic: Keep old yet reliable used car or buy new
Replies: 28
Views: 1973

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 awval999
Sat Apr 08, 2017 2:38 pm
Forum: Personal Consumer Issues
Topic: Extended CAR Warranty
Replies: 32
Views: 1929

Re: Extended CAR Warranty

No way the battery would have been covered under an extended warranty. It's a consumable item.
by awval999
Fri Apr 07, 2017 6:53 am
Forum: Personal Consumer Issues
Topic: Cost of Booze on a Cruise
Replies: 68
Views: 7354

Re: Cost of Booze on a Cruise

Rum runners.
by awval999
Mon Apr 03, 2017 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Young-ish bogleheads: How much (if any) social security do you expect in retirement?
Replies: 88
Views: 5092

Re: Young-ish bogleheads: How much (if any) social security do you expect in retirement?

I'm 31, and I expect the full legal amount. Here's a fun tool to play around with, as you can see (without getting into how you do it, as it's political) it's just not that hard to fix it. As with all things political, the politicians don't want to fix it until they have to. Because the choices are ...
by awval999
Sat Apr 01, 2017 9:18 pm
Forum: Investing - Help with Personal Investments
Topic: Too high of a mortgage rate for new purchase?
Replies: 6
Views: 692

Re: Too high of a mortgage rate for new purchase?

Truthfully, it's really none of your business.

And besides telling them they should shop around to make sure they are getting the best rate on their mortgage you are overstepping your bounds.
by awval999
Sat Apr 01, 2017 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Saving 50% of salary; what does it really mean?
Replies: 142
Views: 11722

Re: Saving 50% of salary; what does it really mean?

I was going to come into this thread and laugh at the ridiculous of saving 50% of salary... and then I realized if I counted student loan overpayment I'm already there. :oops:
by awval999
Fri Mar 31, 2017 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off Massive Student Loan Debt with Mortgage Refi?
Replies: 46
Views: 2775

Re: Pay of Massive Student Loan Debt with Mortgage Refi?

Is it possible to live on just your income and for his income to go to the student loans? No, I wouldn't refinance your home (which is nearly paid off) to pay his student loans. I really think this is a generational thing. You're going to get some advice here which, while earnest and honest, isn't, ...
by awval999
Sun Mar 26, 2017 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: How are we doing? 35, 2nd kid on the way
Replies: 11
Views: 1312

Re: How are we doing? 35, 2nd kid on the way

You didn't put down how much your HH income is, but if you just want a basic "you're doing good", I think you definitely have earned that. So, "you're doing good!". Some thoughts and musings: I wouldn't have that much cash. It's better to just pay off the low rate student loans t...
by awval999
Thu Mar 23, 2017 6:28 am
Forum: Investing - Theory, News & General
Topic: T+2 settlement cycle
Replies: 5
Views: 447

Re: T+2 settlement cycle

I'm always surprised at how universally antiquated the settlement system is. Apparently it wasn't until October 2014 that any country did settlements faster than T+3. I don't really understand what settlement even means. How can day traders trade if nothing has settled? And if you trade on things t...
by awval999
Wed Mar 22, 2017 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Another student loans question
Replies: 13
Views: 1034

Re: Another student loans question

I would see if you can get LPMI instead of traditional PMI. LPMI pretty much is just a 0.25% higher interest rate over the life of the loan. But in your case, the higher interest rate will be deductible (as long as you itemize) and in addition, the higher interest rate will still be less than your l...
by awval999
Tue Mar 21, 2017 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Any downside in buying a brand new house ?
Replies: 71
Views: 5641

Re: Any downside in buying a brand new house ?

Agree with all the posts so far. I think the main risk / downside with building is the cost premium from the fact that it's new. Unless you're in an area with rapidly appreciating home property values, there's a good chance that you will need to sell lower than you bought it for - new buyers near y...