Search found 181 matches

by crake
Wed Dec 07, 2016 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Trying to get a week on the beach with Credit Card Points -- Mariott Rewards Premier Credit Card(s) or other cards?
Replies: 14
Views: 753

Re: Trying to get a week on the beach with Credit Card Points -- Mariott Rewards Premier Credit Card(s) or other cards?

Another thing to keep in mind is that when you book 4 nights with points you get the 5th free. 7 nights would only cost 240,000 points. You could use the rest of the points to upgrade your room. My wife and I did a similar strategy in 2015. I had to call customer service in order to get our points c...
by crake
Tue Nov 22, 2016 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Rush or Wait to Pay Student Loans
Replies: 19
Views: 2009

Re: Rush or Wait to Pay Student Loans

No way would I keep a student loan around like a pet and give it a name and food dish in order to get an additional $200 a month (whether taxable or not) from my employer. Student loans = risk. Who knows what will happen to your jobs - hopefully they go well, but no one can predict the future. When...
by crake
Tue Nov 22, 2016 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Rush or Wait to Pay Student Loans
Replies: 19
Views: 2009

Re: Rush or Wait to Pay Student Loans

Once you get it down to that point you might be able to make the minimum payments and save up the extra $32,000 in a "high interest" account that pays all of 1% so you might get an extra $320 a year, about $240 after taxes. That is about enough to go out for lunch once a month. To me the ...
by crake
Tue Nov 22, 2016 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Rush or Wait to Pay Student Loans
Replies: 19
Views: 2009

Re: Rush or Wait to Pay Student Loans

I'm not one to give up free money and that is what your employer is giving you. Can you find some way to get the satisfaction of paying down the loans but still maximize your employers subsidy? For example, pay off the 20k and 23k loan. You would than have a 120 dollar monthly payment for the remain...
by crake
Mon Nov 21, 2016 12:52 pm
Forum: Personal Consumer Issues
Topic: When should I upgrade my wireless router? (RT-N56U)
Replies: 43
Views: 3604

Re: When should I upgrade my wireless router? (RT-N56U)

In my opinion a lot of people are vastly overspending on their routers. I recently purchased this router for 30 dollars on amazon: http://www.tp-link.com/en/products/details/cat-9_TL-WR940N.html I bought it to replace the exact same one which I bought 7 years ago for 30 dollars. Wireless technology ...
by crake
Tue Sep 13, 2016 8:48 am
Forum: Investing - Help with Personal Investments
Topic: How much saved at 30 to be "done saving"
Replies: 35
Views: 6460

Re: How much saved at 30 to be "done saving"

Crake, do you plan to be 100% S&P 500, forever? I'm not currently 100% S&P 500 and don't plan on ever being 100% S&P 500. I only used that as an example because we have the most data on it. The OP asked a hypothetical question and I provided a hypothetical answer. When trying to guess a...
by crake
Mon Sep 12, 2016 9:35 am
Forum: Investing - Help with Personal Investments
Topic: How much saved at 30 to be "done saving"
Replies: 35
Views: 6460

Re: How much saved at 30 to be "done saving"

S/(1+i)^n = P S is the final value of your investments. i is the assumed interest rate. n is the number of compounding periods p is the initial value of your investments For your example S would be 2.5 million, n would be 35 years, and i would be whatever you think a realistic real return in on your...
by crake
Thu Sep 08, 2016 4:26 pm
Forum: Personal Consumer Issues
Topic: Emergency SmartPhone for a 90+ year old
Replies: 41
Views: 2538

Re: Emergency SmartPhone for a 90+ year old

Another vote for a flip phone. Smartphones, especially cheap ones, unfortunately don't just work. They need to be charged often, they prompt you for updates, random notifications pop up telling you about things you couldn't care less about, they freeze and need to be restarted, etc. They are also no...
by crake
Thu Sep 08, 2016 10:05 am
Forum: Personal Consumer Issues
Topic: Confederate Money (where to sell)
Replies: 29
Views: 2292

Re: Confederate Money (where to sell)

Have you considered donating to a museum? This would entitle you to a tax deduction of the fair market value of the items and you'd also help in preserving a piece of history for future generations.
by crake
Wed Aug 24, 2016 10:04 am
Forum: Personal Consumer Issues
Topic: Car leases: not that expensive, after all, if you can't do maintenance yourself?
Replies: 32
Views: 3293

Re: Car leases: not that expensive, after all, if you can't do maintenance yourself?

Most times that I take my car portfolio to the dealership local Edward Jones representaive for service, I'm often told that part X is worn and needs replacing, part Y is broken, and part Z is about to break. This may or may not be true, but I have no way of knowing . Since I am not keen on the idea...
by crake
Wed Aug 03, 2016 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Help correcting my old investment mistakes
Replies: 23
Views: 1500

Re: Help correcting my old investment mistakes

I guess my question then is, "is it worth it to restructure?" Case, you need to provide more information if you want this question answered. People need to know how much capital gains you have and what your tax bracket is (fed and state). Once we know that we can determine what your tax b...
by crake
Fri Jul 29, 2016 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Insure Home for less than replacement value
Replies: 15
Views: 1006

Insure Home for less than replacement value

Has anyone had any luck insuring your home for less than the replacement value the insurance companies calculate? I'm not sure if this is a common thing to want to do or if I am just crazy. In my case the replacement value for my home is coming in around 250k based on the insurance companies calcula...
by crake
Wed Jul 20, 2016 2:30 pm
Forum: Investing - Theory, News & General
Topic: Trying the Impossible - Financing 30-Year Retirements with 40-Year Careers
Replies: 70
Views: 9659

Re: Trying the Impossible - Financing 30-Year Retirements with 40-Year Careers

Excellent presentation, but there's an even simpler way to look at it, which is the paradigm of Arnott and Cascells, FAJ, 2003: Imagine a desert island with 4 inhabitants, each of who performs a separate, vital economic task (growing food, building shelter, repairing equipment, etc.). The medium of...
by crake
Tue Jun 28, 2016 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: Help me retire early! Ongoing Thread
Replies: 27
Views: 3206

Re: Help me retire early! Ongoing Thread

The details of retirement may be be complicated but the big picture view is simple. In order to retire you need to be able to generate more money from your investments then you spend. Therefore, to answer your question of "When and how can I retire" we need to know what your expenses will ...
by crake
Tue Jun 28, 2016 1:58 pm
Forum: Personal Consumer Issues
Topic: My first smartphone
Replies: 17
Views: 2152

Re: My first smartphone

Bob, One thing I'd like to point out is just because you get a smart phone does not mean you have to get a large data plan. Smart phones all have a setting which you can use to toggle your data connection on and off. I just keep my data connection off the vast majority of the time and will only turn...
by crake
Wed Jun 22, 2016 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Will there ever be a better time to sell off my international stake?
Replies: 35
Views: 3438

Re: Will there ever be a better time to sell off my international stake?

I've mostly just been reading bogle and his thoughts about investing just domestically and I wanted to follow that pattern Definitely nothing wrong with this approach and you will probably be fine in the long run going 100% domestic. Personally, I see no reason to expect domestic to outperform inte...
by crake
Thu Jun 16, 2016 12:47 pm
Forum: Investing - Theory, News & General
Topic: Rationale for Dividend-seeking: Playing catch-up on opportunity lost?
Replies: 35
Views: 1558

Re: Rationale for Dividend-seeking: Playing catch-up on opportunity lost?

Maybe I didn't phrase it correctly - my rationale is that while the dividend funds don't provide greater returns, by having more shares wouldn't they provide more returns? Say everything was 7%, I'd want more total things that got 7%. I acknowledged that I didn't think it would be 8%. Same with spl...
by crake
Thu Jun 16, 2016 11:42 am
Forum: Investing - Theory, News & General
Topic: Rationale for Dividend-seeking: Playing catch-up on opportunity lost?
Replies: 35
Views: 1558

Re: Rationale for Dividend-seeking: Playing catch-up on opportunity lost?

I've read a lot of the theories on both sides of the camp on dividends. I understand the possibility that returns from dividend-paying stocks may be smaller than returns from the overall stock market during any given period. And I even understand the math behind the dividend payout not being the de...
by crake
Mon Jun 13, 2016 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Live the Good Life Today vs Save For a Better Life Tomorrow
Replies: 84
Views: 8018

Re: Live the Good Life Today vs Save For a Better Life Tomorrow

Consider two individuals making the same income. One spends every dime he earns, travels the world, lives on credit, never worries about tomorrow and lives a good portion of his adult life to the fullest and dies deep in debt. While another who has saved most of his life and forgone many experience...
by crake
Thu May 19, 2016 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: 27 y/o, need some career advice
Replies: 45
Views: 3474

Re: 27 y/o, need some career advice

Maybe you should stop working so hard and you won't be underpaid anymore.
by crake
Thu May 19, 2016 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: 15 vs 30 yr mortgage
Replies: 123
Views: 15723

Re: 15 vs 30 yr mortgage

For instance, if you run an amortization schedule for $100,000 on a 30 year at 3.5% and look at the first 5 years, you pay total interest in the first 5 years in the amount of $16,639.82. P&I payment is $449.04. If you borrowed the same amount for 15 years at 2.99%, the total interest paid in f...
by crake
Thu May 19, 2016 9:32 am
Forum: Personal Finance (Not Investing)
Topic: 15 vs 30 yr mortgage
Replies: 123
Views: 15723

Re: 15 vs 30 yr mortgage

The 3.35% I got is fixed, I'm young and I'm not staying in this house more than 7-8 years Max so it does no good for me to prepay principle. I've heard this argument before but I am not sure I understand it. Why should the amount of time you are living in the house factor in to the term of your mor...
by crake
Mon May 16, 2016 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Do you respond to linkedin recruiters? (Engineer)
Replies: 32
Views: 3134

Re: Do you respond to linkedin recruiters? (Engineer)

Follow up question. If I currently live in one state but I am looking for employment elsewhere, is there a good way to signal this on a linkedin profile? We can assume I'm not concerned with this information being public.
by crake
Mon May 16, 2016 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Do you respond to linkedin recruiters? (Engineer)
Replies: 32
Views: 3134

Re: Do you respond to linkedin recruiters? (Engineer)

I'm glad that I asked this question. It seems some of these messages may be more legitimate then I gave them credit for. If nothing else it will be a good reason to polish up the resume and practice my networking/interviewing skills. It has been a while.
by crake
Mon May 16, 2016 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Do you respond to linkedin recruiters? (Engineer)
Replies: 32
Views: 3134

Do you respond to linkedin recruiters? (Engineer)

For the past couple years I've been getting messages from recruiters on linkedin about various non specific job opportunities. I receive at least one of these every other week. My profile on linkedin is fairly sparse, it only lists my education, the companies I've worked for, a brief description of ...
by crake
Fri May 13, 2016 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: helping a couple near retirement catch up
Replies: 18
Views: 2110

Re: helping a couple near retirement catch up

Your question is impossible to answer without understanding what their expenses are. That is the first step and potentially the biggest problem. Given that they are 71 and 62, don't have any Real Estate Equity, and only have 61k in retirement accounts, it seems like they probably spend a decent amou...
by crake
Wed Apr 20, 2016 10:45 am
Forum: Personal Consumer Issues
Topic: "Network Saturation" with Optimum Router [overloaded FIOS wifi?]
Replies: 18
Views: 1840

Re: "Network Saturation" with Optimum Router [overloaded FIOS wifi?]

To figure out how saturated the signals in your house are you can use an app such as this https://play.google.com/store/apps/details?id=com.farproc.wifi.analyzer&hl=en It lets you see what spectrum all wi-fi signals are occupying in your apartment. As far as I know there is no iphone equivalent ...
by crake
Thu Mar 17, 2016 10:37 am
Forum: Investing - Help with Personal Investments
Topic: locking in my losses
Replies: 18
Views: 1926

Re: locking in my losses

The notion of locking in losses by selling an investment is a cognitive distortion. From what I can tell this notion is based on two assumptions. The funds that have gone down are more likely to go back up, and you haven't lost money until you've sold. The second assumption is also not true. The mo...
by crake
Wed Mar 16, 2016 9:04 am
Forum: Investing - Help with Personal Investments
Topic: locking in my losses
Replies: 18
Views: 1926

Re: locking in my losses

The notion of locking in losses by selling an investment is a cognitive distortion. From what I can tell this notion is based on two assumptions. The funds that have gone down are more likely to go back up, and you haven't lost money until you've sold. The first assumption is not true. Funds that ha...
by crake
Wed Feb 10, 2016 11:17 am
Forum: Personal Consumer Issues
Topic: Wife just got a VM from a debt collector [Voice Mail]
Replies: 44
Views: 4975

Re: Wife just got a VM from a debt collector

A couple of years back a debt collection agency mailed me a letter for a debt which I did not owe. I sent them a letter stating I dispute the debt and they need to provide proof that I owe the debt within 30 days or stop contacting me. They stopped contacting me. I sent the letter certified mail and...
by crake
Tue Jan 12, 2016 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Saving for the future vs you only live once
Replies: 72
Views: 9299

Re: Saving for the future vs you only live once

First max your retirement accounts, then spend on things that bring you the most happiness, then save whatever is left in taxable accounts. If you really stop and think about that middle step you'll probably have plenty leftover to save. +1 Save what you are 'supposed' to, and then feel free to blo...
by crake
Mon Nov 23, 2015 3:48 pm
Forum: Investing - Theory, News & General
Topic: Implications of "One Hasn't Lost if One Hasn't Sold"
Replies: 98
Views: 7215

Re: Implications of "One Hasn't Lost if One Hasn't Sold"

Getting back to what I said, if you don't push "sell" it's quite irrelevant. John, Hypothetical situation. A company exists which does not employee anyone, manufacture anything, or perform any other functions which a normal company might participate in. All this company has is 100 million...
by crake
Mon Nov 23, 2015 2:10 pm
Forum: Investing - Theory, News & General
Topic: Implications of "One Hasn't Lost if One Hasn't Sold"
Replies: 98
Views: 7215

Re: Implications of "One Hasn't Lost if One Hasn't Sold"

Firm believer that you haven't lost anything until it's sold just as you haven't gained anything until it's sold. This goes for ANYTHING I don't know how that statement can be anything other than a cognitive distortion. Consider the illogical conclusions of the following two scenarios. Scenario 1: ...
by crake
Mon Nov 23, 2015 12:55 pm
Forum: Investing - Theory, News & General
Topic: Implications of "One Hasn't Lost if One Hasn't Sold"
Replies: 98
Views: 7215

Re: Implications of "One Hasn't Lost if One Hasn't Sold"

My point of view is a change of value is a change of money in its unit of account sense, but not in its medium of exchange or store of value senses. Am I off base? I may be misreading this but I am not sure that it is true. My interpretation of what you are saying is if a stocks price changes it do...
by crake
Mon Nov 23, 2015 12:45 pm
Forum: Investing - Theory, News & General
Topic: Implications of "One Hasn't Lost if One Hasn't Sold"
Replies: 98
Views: 7215

Re: Implications of "One Hasn't Lost if One Hasn't Sold"

Firm believer that you haven't lost anything until it's sold just as you haven't gained anything until it's sold. This goes for ANYTHING I don't know how that statement can be anything other than a cognitive distortion. Consider the illogical conclusions of the following two scenarios. Scenario 1: ...
by crake
Mon Nov 23, 2015 10:16 am
Forum: Investing - Theory, News & General
Topic: Implications of "One Hasn't Lost if One Hasn't Sold"
Replies: 98
Views: 7215

Re: Implications of "One Hasn't Lost if One Hasn't Sold"

Firm believer that you haven't lost anything until it's sold just as you haven't gained anything until it's sold. This goes for ANYTHING I don't know how that statement can be anything other than a cognitive distortion. Consider the illogical conclusions of the following two scenarios. Scenario 1: ...
by crake
Tue Nov 17, 2015 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: What was your eureka! Boglehead moment?
Replies: 86
Views: 8632

Re: What was your eureka! Boglehead moment?

I started my first job in 2010 and I had a 401k with fidelity. Around this time I had also just read the Millionaire Next Door and The Richest Man In Babylon so I understood and bought into the ideas of saving and living below your means, however, I knew very little about investing. Not knowing any ...
by crake
Mon Nov 16, 2015 4:25 pm
Forum: Personal Consumer Issues
Topic: First smartphone recommendations
Replies: 28
Views: 3706

Re: First smartphone recommendations

I've tried out a number of different MVNO's so I can relate some of my experience. I would strongly encourage you to stay away from tracfone based on the following experience. To port my number to tracfone and get a phone activated took approximately 7 days and 8 hours of time with their horrible cu...
by crake
Mon Oct 26, 2015 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Should I take a hardship withdrawal?
Replies: 17
Views: 2316

Re: Should I take a hardship withdrawal?

Hard to make a recommendation without more info. Withdrawing from your 401k should be a last resort option. Before I did that I would tighten my belt as much as possible(no extraneous expenses at all), work any overtime I can, and even try to find a part time job. 75k shouldn't be an impossible amou...
by crake
Fri Oct 23, 2015 9:15 am
Forum: Personal Finance (Not Investing)
Topic: More advice for BigLaw Survivor, please?
Replies: 119
Views: 12795

Re: More advice for BigLaw Survivor, please?

The one thing that jumps out at me from the analysis is that it doesn't appear to take into account the condo rental; it only mentions the basement rental. The condo currently generates $30k a year in revenue, or $24k after expenses (assuming I pay off the mortgage). I saw this after I posted my la...
by crake
Fri Oct 23, 2015 9:08 am
Forum: Personal Finance (Not Investing)
Topic: More advice for BigLaw Survivor, please?
Replies: 119
Views: 12795

Re: More advice for BigLaw Survivor, please?

On the condo rental, at least from my perspective, it's an entirely different story. Not only is it appreciating nicely while enjoying a positive cash flow, I don't consider it a "450k" investment because I only put 10 percent down when I bought it (I paid 375, putting down only 37.5k). A...
by crake
Wed Oct 21, 2015 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: More advice for BigLaw Survivor, please?
Replies: 119
Views: 12795

Re: More advice for BigLaw Survivor, please?

Congrats on getting out and amassing a sizable net worth! A net worth of 4.8m should be more than enough to retire comfortably. My only word of caution is to make sure you have a good understanding of what your expenses are. Given the description of your career I would assume you were making at leas...
by crake
Wed Oct 21, 2015 11:03 am
Forum: Personal Consumer Issues
Topic: Smartphone for pictures
Replies: 28
Views: 2255

Re: Smartphone for pictures

This might or might not resonate with OP (or other responders), but I am more than satisfied with my Verizon Smartphone (Cost < $20) for spur-of-the-moment photos. I don't have a plan with this phone and use it strictly as a tablet when I am in WiFi zones (which includes my home, of course). Edited...
by crake
Wed Oct 21, 2015 10:38 am
Forum: Personal Consumer Issues
Topic: Smartphone for pictures
Replies: 28
Views: 2255

Re: Smartphone for pictures

Reading the above posts makes me think there has been a lot of hedonic adaptation in peoples expectations of picture quality in the last 5-10 years. I bought my first digital camera 7-8 years ago. It was a highly rated 7MP Pentax. It took excellent pictures, many of which I was able to frame and han...
by crake
Fri Oct 16, 2015 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Just when i get my strategy together, I stumble on this article..Roth's suck?
Replies: 48
Views: 7524

Re: Just when i get my strategy together, I stumble on this article..Roth's suck?

Given current tax law it is most likely true that traditional accounts are favorable to Roth accounts for most investors. However, I do not know what my future income will be, what my future expenses will be, or what future tax laws will be. As a result I choose to be diversified in my taxable accou...
by crake
Thu Oct 15, 2015 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: to only buy in a correction vs. DCA
Replies: 6
Views: 586

Re: to only buy in a correction vs. DCA

On average the market goes up more often than it goes down. As a result, on average, the longer you wait to invest your money the lower your returns will be.
by crake
Fri Oct 09, 2015 8:32 am
Forum: Investing - Help with Personal Investments
Topic: How to maintain target allocation across multiple accounts?
Replies: 8
Views: 739

Re: How to maintain target allocation across multiple accounts?

Between my wife and I we have a 401k account, a 457b account, a taxable account, and and two Roth IRA's. These accounts are spread across three institutions. Our goal is to maintain a three fund portfolio with a 60/30/10 (Domestic, Int, Bond) AA. To add further complications the 457b account only ha...
by crake
Sun Sep 20, 2015 4:33 pm
Forum: Personal Consumer Issues
Topic: Anyone use pre paid cell phone planns???
Replies: 27
Views: 2850

Re: Anyone use pre paid cell phone planns???

I was with page plus for about 3 years and had great customer service and support. About 3 months ago I found out about a tracfone plan that would actually better fit my usage pattern. To port my number to tracfone and get a phone activated took approximately 7 days and 8 hours of time with their ho...
by crake
Tue Sep 15, 2015 10:08 am
Forum: Investing - Help with Personal Investments
Topic: Potential Flaw in Index funds??
Replies: 30
Views: 4168

Re: Potential Flaw in Index funds??

They did the obligatory slide of seeing how this technique would have worked from 1990-2015 and tactical weighting gave annualized returns of 11.3%/yr vs 10.0% S&P 500. I wouldn't trust anybody that tried those tactics on me. It is very easy to formulate a a successful strategy based on market ...
by crake
Mon Sep 14, 2015 1:16 pm
Forum: Investing - Theory, News & General
Topic: To Buy or Not to Buy the Dividend
Replies: 25
Views: 2451

Re: To Buy or Not to Buy the Dividend

To those analyzing my post, I appreciate the critical feedback, however, I was just trying to find a coy way of stating "It doesn't matter." I don't think one should base investing decisions on whether or not they will have to pay an additional 10 dollars in taxes or potentially earn an ad...

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