Search found 668 matches

by bigred77
Fri Feb 05, 2016 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Clueless college new grad 22 yo, 200k income looking to start saving
Replies: 138
Views: 9555

Re: Clueless college new grad 22 yo, 200k income looking to start saving

The most important thing I learned in this thread is that I should have pursued Software Engineering and looked for a spouse once i got to California :mrgreen:
by bigred77
Fri Feb 05, 2016 2:38 pm
Forum: Investing - Theory, News & General
Topic: Is there any investment that lets you get in/out whenever you want, and govt-guarantees you CPI as a return?
Replies: 20
Views: 786

Re: Is there any investment that lets you get in/out whenever you want, and govt-guarantees you CPI as a return?

The only other thing I could think of would be variable rate CDs liked to the CPI that are still FDIC insured. (These apparently do exist, which i was unaware of: http://www.investopedia.com/terms/i/inflation-linkedcds.asp ) You would have to find one with no penalties for early redemption. Perhaps ...
by bigred77
Fri Feb 05, 2016 12:25 pm
Forum: Investing - Theory, News & General
Topic: Is there any investment that lets you get in/out whenever you want, and govt-guarantees you CPI as a return?
Replies: 20
Views: 786

Re: Is there any investment that lets you get in/out whenever you want, and govt-guarantees you CPI as a return?

So what you want are TIPS with a real rate of 0 and a duration of 0.

Couldn't a fund company basically offer you that product and use funds to build out a TIPS ladder?
by bigred77
Fri Feb 05, 2016 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff debt with Roth?
Replies: 19
Views: 617

Re: Payoff debt with Roth?

0% Credit Card balance transfer. many times they give you a check to fill out and send in yourself. i would explore that first.
by bigred77
Fri Feb 05, 2016 9:30 am
Forum: Investing - Help with Personal Investments
Topic: Clueless college new grad 22 yo, 200k income looking to start saving
Replies: 138
Views: 9555

Re: Clueless college new grad 22 yo, 200k income looking to start saving

How did this thread get so sideways?!?!? Some of the most ridiculous sentiments I've seen on this thread: - Guy and Girl make roughly 400k per year. Spend roughly 82k per year. Are told they are over spending while living on 20% of their income. - A 40k wedding is now too much for a millionaire coup...
by bigred77
Thu Feb 04, 2016 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Saving for down payment
Replies: 43
Views: 2321

Re: Saving for down payment

I would however consider using a 401k loan or a 80/10/10 mortgage (10% cash down, regular mortgage at 80% of the purchase price, and a piggyback loan of 10% of the purchase price with a higher interest rate and likely a balloon in year 15 or something, no PMI involved). If simply decreasing your 40...
by bigred77
Tue Feb 02, 2016 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Saving for down payment
Replies: 43
Views: 2321

Re: Saving for down payment

I would not decrease my 401k or IRA contributions. That space is gone forever if you miss the window. I would however consider using a 401k loan or a 80/10/10 mortgage (10% cash down, regular mortgage at 80% of the purchase price, and a piggyback loan of 10% of the purchase price with a higher inter...
by bigred77
Wed Jan 27, 2016 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Who came closest to a $0 [taxes due]?
Replies: 62
Views: 3633

Re: Who came closest to a $0 [taxes due]?

I expect a substantial refund (over 5k). This is probably the only part of my financial life that I don't optimize. I understand that I'm giving the government a tax free loan and it would be to my benefit to do some quick calculations and adjust my withholding but I just don't care. I like getting ...
by bigred77
Mon Jan 25, 2016 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Did the bears eat my retirement? - Sequence of Returns Risk
Replies: 70
Views: 5880

Re: Did the bears eat my retirement? - Sequence of Returns Risk

OP, I think your fine, just caught up in the first correction within 12 months of retirement. If you can live on 4% withdrawals of your portfolio balance last summer, you will be fine. If you can live on 4% of your withdrawals of your current balance as of today, all the better. A 50/50 AA in your 6...
by bigred77
Wed Jan 20, 2016 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: What was your % pay raise?
Replies: 100
Views: 6916

Re: What was your % pay raise?

Still very much in the early part of my career and for the first time since I graduated Undergrad I did not receive a raise for the year.

The Oil patch is rough right now. Everyone (including me) is just trying to stay employed.
by bigred77
Wed Jan 20, 2016 2:23 pm
Forum: Investing - Theory, News & General
Topic: Is there such thing as a buying opportunity?
Replies: 31
Views: 2301

Re: Is there such thing as a buying opportunity?

People have been saying there's a buying opportunity in oil companies for the past 6 months. Eventually they'll be right.
by bigred77
Wed Jan 20, 2016 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Premarital real property and planning for marriage
Replies: 5
Views: 479

Re: Premarital real property and planning for marriage

I had a condo that I had bought and paid the mortgage on myself for about 4 years before my wife and I actually got married. It experienced some pretty nice appreciation. We talked about it and she was a little bit hurt that I said I did not plan to add her name to the deed (it was all emotional, sh...
by bigred77
Wed Jan 20, 2016 10:57 am
Forum: Investing - Theory, News & General
Topic: Capitulation!
Replies: 61
Views: 6984

Re: Capitulation!

lol this is not capitulation to me. Maybe I'm a little bit skewed in my viewpoint because 2008 was the only real market downturn I've been through personally, but it's not capitulation until long-time Boglehead posters who ALWAYS preach "stay the course" start threads on here where they st...
by bigred77
Wed Jan 13, 2016 12:08 pm
Forum: Personal Consumer Issues
Topic: Are Online/Distance Graduate Degrees Respected?
Replies: 28
Views: 2534

Re: Are Online/Distance Graduate Degrees Respected?

My advice to you would be to wait a few years and reassess. You graduated in 2014. Are there any jobs you will pursue in the next 3 years that you would not be qualified for unless you had this graduate degree? 50k+ for an online degree less than 2 years out of school doesn't seem like a great value...
by bigred77
Mon Jan 11, 2016 12:46 pm
Forum: Investing - Theory, News & General
Topic: Setting retirement income floors as a way to increasing early SWR
Replies: 20
Views: 1589

Re: Setting retirement income floors as a way to increasing early SWR

Putting everything into into TIPS with a real rate of return of 0 would get you too age 100 before running out of money. I think you would be fine do go into retirement with a conservative AA (maybe 50/50 or 40/60) until age 70 and then consider SPIA (maybe even inflation adjusted annuities). It see...
by bigred77
Mon Jan 11, 2016 11:34 am
Forum: Personal Consumer Issues
Topic: First Time Buying Furniture
Replies: 30
Views: 2544

Re: First Time Buying Furniture

I second IKEA and Craigslist. Buy stuff that fits a 1 bedroom apartment, not the plush, over sized stuff. IKEA furniture is made to be replaced after a few years (in my experience) but that's OK. Then when you get married and settled down wait for your spouse to mention "pottery barn" and ...
by bigred77
Mon Jan 11, 2016 11:26 am
Forum: Personal Consumer Issues
Topic: Tough Frugal Decisions
Replies: 80
Views: 11479

Re: Tough Frugal Decisions

Yeesh...

When I read the threads about income and savings rates I feel poor (not really, I'm just not going to save 50% of my gross income, I don't need too to reach my goals).

When I read this thread I feel like a spoiled princess. I don't think I'm allowed to call myself frugal anymore. :mrgreen:
by bigred77
Mon Jan 11, 2016 9:48 am
Forum: Personal Consumer Issues
Topic: Pamplona Spain (Running of the bulls) Recommendations
Replies: 12
Views: 945

Re: Pamplona Spain (Running of the bulls) Recommendations

I went last year. It was really an amazing time. here are some random pieces of advice: - The first day is different than the rest. There is a huge gathering in the public square and then at noon they set off a rocket and everyone throws wine EVERYWHERE... really neat experience. - The bull runs are...
by bigred77
Fri Jan 08, 2016 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Just made IRA contribution, then converted to Roth... for my wife
Replies: 27
Views: 1898

Re: Just made IRA contribution, then converted to Roth... for my wife

My family is very similar to many of the stories here. My wife's check actually goes into my checking account that gets used to pay our fixed bills (because her employer won't let her deposit into multiple accounts), and then part of my paycheck gets deposited directly into her account 2x a month. S...
by bigred77
Thu Jan 07, 2016 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: How to max out retirement accounts with 120K income?
Replies: 40
Views: 5279

Re: How to max out retirement accounts with 120K income?

You have 3 tax deductible accounts (1 403b and 2 401ks). For now, I would try to max out 2 of the 3 (pick the 2 with the best fund options/match combinations).

You can then direct future pay increases and childcare reductions to IRA's or the other tax deductible option as you move forward.
by bigred77
Wed Jan 06, 2016 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: Comparison of House investment vs. S&P 500
Replies: 13
Views: 1459

Re: Comparison of House investment vs. S&P 500

Your calculations sound reasonably accurate to me. Of course, some people bought houses 27 years ago for 35k that are worth 500k+ today. That's the nature of real estate, location dependent. Plus you paid cash for your house, you did not take advantage of mortgage leverage. In general, if you were a...
by bigred77
Tue Jan 05, 2016 10:39 am
Forum: Personal Consumer Issues
Topic: How much is your house worth?
Replies: 71
Views: 5450

Re: How much is your house worth?

Both Redfin and Zillow are pretty accurate for my area.

Redfin valued my house about 3% less than what I think it is worth and Zillow valued it about 3% more than I think it's worth.
by bigred77
Thu Dec 24, 2015 9:43 am
Forum: Investing - Theory, News & General
Topic: Shorting stocks during a crash?
Replies: 28
Views: 1363

Re: Shorting stocks during a crash?

Individual Investor's who want to take this kind of position (foolishly in my opinion) would be better off buying Put options than actually short selling a stock.

Perhaps the Boglehead way to do this would be to go short on Index futures? Don't Bogleheads always say to never short individual stocks?
by bigred77
Wed Dec 23, 2015 5:36 pm
Forum: Personal Consumer Issues
Topic: Dress shirts and button-down shirts - budget and quality overview
Replies: 40
Views: 4025

Re: Dress shirts and button-down shirts - budget and quality overview

I am a huge fan of Stafford Dress Shirts from JC Penney. I am not a clothes guy and this is probably the most frugal area in my life. The only problem I've had is buttons breaking or falling off. The dry cleaner can usually fix those for 2 bucks. Best shirts I've found for work for Big and Tall guys.
by bigred77
Wed Dec 23, 2015 1:07 pm
Forum: Investing - Theory, News & General
Topic: Share your current asset allocation?
Replies: 94
Views: 5949

Re: Share your current asset allocation?

Age 30 75/25 Split... Plan to hold until retirement when I will go to 60/40 with no tilts. 30% - Total US Stock Market 20% - Total International Stock Market 5% - Small Cap Value Index 5% - Emerging Markets Index 5% - International Small Cap Index 5% - US REIT Index 5% - International REIT Index 10%...
by bigred77
Fri Dec 18, 2015 11:23 am
Forum: Personal Finance (Not Investing)
Topic: For people with a MBA..when should I be looking to apply?
Replies: 30
Views: 1827

Re: For people with a MBA..when should I be looking to apply?

What tier of program are you looking at? M7 programs or top Texas programs like Rice or UT? 3-4 years experience seems to be the most preferred for Full-Time elite programs. M7..although all of them might be a huge stretch for me. Will be applying to UT as well...I think that might be more realisti...
by bigred77
Fri Dec 18, 2015 9:40 am
Forum: Personal Consumer Issues
Topic: Bogleheads: Share how you like to vacation
Replies: 113
Views: 8710

Re: Bogleheads: Share how you like to vacation

My wife and I are DINKs. I take 2 weeks off every summer. We pick a general location in the world (Western Europe, East Asia, Central America, etc) and then play with google flights to spend 5 days each in 3 different cities in that general area. We have a blast but we usually come back home even mo...
by bigred77
Fri Dec 18, 2015 9:33 am
Forum: Personal Finance (Not Investing)
Topic: For people with a MBA..when should I be looking to apply?
Replies: 30
Views: 1827

Re: For people with a MBA..when should I be looking to apply?

What tier of program are you looking at? M7 programs or top Texas programs like Rice or UT?

3-4 years experience seems to be the most preferred for Full-Time elite programs.
by bigred77
Thu Dec 17, 2015 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Can I Afford an $800k Home on $4K/month Take Home?
Replies: 146
Views: 11055

Re: Can I Afford an $800k Home on $4K/month Take Home?

As far as can you afford it? Probably yes, you could pay cash and stretch your budget if this is really important and a priority for you. I would advise against it however. As others have said, 800k is a HUGE budget for Houston. I'm not super familiar with the Museum District but 800k can probably b...
by bigred77
Wed Dec 16, 2015 11:42 am
Forum: Personal Consumer Issues
Topic: I would like to play the Boglehead car game too
Replies: 163
Views: 9552

Re: I would like to play the Boglehead car game too

I've always felt like the 2-3 yr old BMW CPO 5 series is a nice luxury car "value".

You can probably find a 2013 CPO 5 series (base model) with around 30k miles on it for under 35k out the door. I think they're beautiful cars.
by bigred77
Fri Dec 11, 2015 12:38 pm
Forum: Investing - Theory, News & General
Topic: Much better approach than traditional AA ratios if you have enough?
Replies: 39
Views: 3838

Re: Much better approach than traditional AA ratios if you have enough?

I personally think a SPIA and a moderate portfolio (maybe 60/40 to 75/25) would be a more efficient way to obtain the security you're looking for.
by bigred77
Thu Dec 10, 2015 6:57 pm
Forum: Investing - Theory, News & General
Topic: Childrens' Student Loans Delaying Retirement
Replies: 153
Views: 10013

Re: Childrens' Student Loans Delaying Retirement

I find this thread really interesting because I'm already trying to figure out how fast I can stuff money into 529s for kids that i don't even have yet. Will: See, the sad thing about a guy like you is, in 50 years you're gonna start doin' some thinkin' on your own and you're going to come up with ...
by bigred77
Thu Dec 10, 2015 3:12 pm
Forum: Investing - Theory, News & General
Topic: Childrens' Student Loans Delaying Retirement
Replies: 153
Views: 10013

Re: Childrens' Student Loans Delaying Retirement

I find this thread really interesting because I'm already trying to figure out how fast I can stuff money into 529s for kids that i don't even have yet. Will: See, the sad thing about a guy like you is, in 50 years you're gonna start doin' some thinkin' on your own and you're going to come up with t...
by bigred77
Thu Dec 10, 2015 9:32 am
Forum: Personal Consumer Issues
Topic: BMW current and past owners -- how was the reliability and would you buy another?
Replies: 89
Views: 6419

Re: BMW current and past owners -- how was the reliability and would you buy another?

My family currently owns 2, a 2008 328i and a 2007 X3. Both are right around 90,000 miles. I bought both when they were about 5 years old with about 60k miles on them. The maintenance and repairs are more expensive than my last car (toyota) but these cars are way more fun to drive and own. I have an...
by bigred77
Tue Dec 08, 2015 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Should I get my house reassessed?
Replies: 10
Views: 547

Re: Should I get my house reassessed?

I am surprised by some of these responses. I bought my house in August and the following year the assessed value was about 40k more than the purchase price (almost 10%). I protested, showed up with my HUD-1 statement, and the value was lowered to exactly the purchase price from the previous August. ...
by bigred77
Tue Dec 08, 2015 1:59 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads Hall of Fame
Replies: 35
Views: 3434

Re: Bogleheads Hall of Fame

I think livesoft was denied entry because of PEDs...

His RBD's were discussed and concluded to be market timing... :mrgreen:
by bigred77
Tue Dec 08, 2015 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Should I get my house reassessed?
Replies: 10
Views: 547

Re: Should I get my house reassessed?

Probably not much you can do about 2015 property taxes but I would certainly protest the 2016 assessed value whenever your able too (this is typically County dependent on when you can file a value protest). No harm in it. In my county you could simply present them with the appraisal from the HELOC a...
by bigred77
Thu Dec 03, 2015 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on a potential refi (Penfed 5/5 ARM)
Replies: 7
Views: 1004

Re: Advice on a potential refi (Penfed 5/5 ARM)

I refi'd with penfed earlier this year into their 15/15 ARM product. I agree the process can be slow and unresponsive, but we got everything done in the end and their rates truly can't be beat. I'm a proponent of continuing to pay the same higher amount your used to paying even after the refi (this ...
by bigred77
Wed Dec 02, 2015 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Another job question.
Replies: 4
Views: 374

Re: Another job question.

My wife is a teacher and she will receive a Pension but NOT Social Security. I would verify for sure that your wife will receive both if she stays in teaching. Check if she has both a mandatory pension contribution and is also paying SS taxes from her paycheck. Also, I see no harm in applying around...
by bigred77
Wed Dec 02, 2015 12:42 pm
Forum: Investing - Theory, News & General
Topic: Is all Investment Risk Fungible?
Replies: 9
Views: 584

Re: Is all Investment Risk Fungible?

Bertilak,

Could you expand upon your definition of "fungible" in this context?
by bigred77
Wed Dec 02, 2015 10:30 am
Forum: Investing - Help with Personal Investments
Topic: [Large assets,] No retirement savings: How to invest
Replies: 16
Views: 2277

Re: [Large assets,] No retirement savings: How to invest

I think your case is more about simplification and risk management than optimization. I would not think twice about selling out of that biotech stock immediately (and in full), pay whatever taxes are due, pay off the mortgage, and stick the remaining 7+mm in my taxable account. I would also urge you...
by bigred77
Tue Nov 24, 2015 5:48 pm
Forum: Investing - Theory, News & General
Topic: Does being a Boglehead make you want a career in finance?
Replies: 43
Views: 5065

Re: Does being a Boglehead make you want a career in finance?

I have been trying to break in to Investment Banking for the past few years and have just about given up. I didn't go to the right schools, I'm getting a little long in the tooth for even Associate positions, and I question if I'm still willing to work the hours required now. If I can make close to...
by bigred77
Tue Nov 24, 2015 4:01 pm
Forum: Investing - Theory, News & General
Topic: Does being a Boglehead make you want a career in finance?
Replies: 43
Views: 5065

Re: Does being a Boglehead make you want a career in finance?

I have been trying to break in to Investment Banking for the past few years and have just about given up. I didn't go to the right schools, I'm getting a little long in the tooth for even Associate positions, and I question if I'm still willing to work the hours required now. If I can make close to ...
by bigred77
Tue Nov 24, 2015 2:16 pm
Forum: Personal Consumer Issues
Topic: What car would you buy today for $6000?
Replies: 57
Views: 4293

Re: What car would you buy today for $6000?

Don't over look a Ford Focus, they sold a boat load of them in the 2005-2010 years. They come with a Mazda motor that has been used in many cars, Focus, Mazda3, Fusion, etc. https://en.wikipedia.org/wiki/Mazda_L_engine#Duratec_20 I picked up a 2005 with 90,000miles on this past summer to beat aroun...
by bigred77
Tue Nov 24, 2015 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Rich Dad's Latest (Non Boglehead) Advice
Replies: 25
Views: 5380

Re: Rich Dad's Latest (Non Boglehead) Advice

he's the classic get rich guru guy: he gets rich teaching others how to get rich. I wonder if there is anyone who has actually gotten rich from following his lessons. My understanding is he's a huge fan of rental real estate. I thought he also recommends high leverage but I could be wrong. I'm sure...
by bigred77
Tue Nov 24, 2015 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Rich Dad's Latest (Non Boglehead) Advice
Replies: 25
Views: 5380

Re: Rich Dad's Latest (Non Boglehead) Advice

If I'm really trying hard to give him the benefit of the doubt I'd interpret him as saying "don't put your money in savings accounts, you will lose to inflation". I suspect he's shilling for investment real estate and for you to buy his new book. I've always found him to be a really weird ...
by bigred77
Wed Nov 18, 2015 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone gone from 0 to 100?
Replies: 55
Views: 6172

Re: Has anyone gone from 0 to 100?

Drake has gone 0 to 100. Real Quick!!! OP, Here's something I learned after I entered the workforce: First you learn not all adults are smart. There are some dumb 40 year olds out there (I grew up assuming every adult had all the answers, I guess i was just super naive.) Second you start thinking y...
by bigred77
Mon Nov 16, 2015 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Handling high CC debt
Replies: 64
Views: 3164

Re: Handling high CC debt

Maybe I'm missing something but I would not consider any unsecured loan, or even any other loan that charges interest, if I had options to move everything to these 0% cards. I've "maxed" out credit card offers like these in the past and usually your credit score takes a temporary dip and t...
by bigred77
Mon Nov 16, 2015 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: World Stock + Total (true) Bond versus the 3 fund portfolio
Replies: 16
Views: 1030

Re: World Stock + Total (true) Bond versus the 3 fund portfolio

Most people overweight their home country (for some reasons I consider invalid and some reasons I can agree with). That's why I don't see a global cap weighted index overtaking the standard options in a 3 fund portfolio anytime soon. Many here would prefer a more treasury heavy fixed income allocati...
by bigred77
Mon Nov 16, 2015 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Handling high CC debt
Replies: 64
Views: 3164

Re: Handling high CC debt

With only the information provided, I would transfer everything over to the 3 0% cards, pay the minimum and each and put all additional funds on the card whose promotional 0% period ends first.

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