Search found 261 matches

by fantasytensai
Fri Jul 21, 2017 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Lexus to Camry, invest difference
Replies: 19
Views: 1186

Re: Lexus to Camry, invest difference

What model lexus? I might be interesting in buying it from you... I highly suggest giving this Boglehead a call...if you are deadset of getting rid of the Lexus, private sale is the right way to go. And judging from your post, you take very good care of your car. If you are able to sell the Lexus f...
by fantasytensai
Fri Jul 21, 2017 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Help with career direction
Replies: 4
Views: 235

Re: Help with career direction

For what it's worth. I hated my profession (not job, profession) for a long time, but I'm good at it. So I made the jump to a lower paying job on the condition that I know the job is 9-6 M-F. My old job was 60+ hr/wk. I made peace with the idea of doing something I hate for 45 hours a week but not a...
by fantasytensai
Fri Jul 21, 2017 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Lexus to Camry, invest difference
Replies: 19
Views: 1186

Re: Lexus to Camry, invest difference

I'm a big fan of leasing (which is very against Boglehead views). However, if I were to ever buy a car, it would be a Lexus. I can't think of a luxury car that holds its value as well, AND has reasonable maintenance costs. In other words, drive your Lexus. You said you can afford it. Drive safely, k...
by fantasytensai
Thu Jul 20, 2017 12:20 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3589
Views: 944866

Re: U.S. stocks in freefall

Many investing books state that there is usually a big crash during one generation. Looking back at 2000's dot-com crash and 2007-2008 crash, those are still fresh on my mind. The 2007-2008 crash has done some damage to the world economy. The U.S. market tumbled 50% and it would take 3-5 years to r...
by fantasytensai
Thu Jul 13, 2017 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Car Lease [keep it?]
Replies: 1
Views: 231

Re: Car Lease [keep it?]

It depends. I just leased a car with a very high residual. After my lease is up, I will re-evaluate my finances and desires. Right now I love the car...not sure about 3 years later. If by then I still love the car, I will run a quick used car search to see how much a car comparable to mine is going ...
by fantasytensai
Thu Jul 06, 2017 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Paying estimated taxes
Replies: 31
Views: 3838

Re: Paying estimated taxes

I do the following. 1. Find the 2016 tax filing and obtain the total amount of taxes paid (for example, $20,000) 2. If 2017 AGI is $150,000 or less, use $20,000 as benchmark. If 2017 AGI is greater than $150,000, use $20,000 X 110% = $22,000 as benchmark 3. Divide the benchmark by 4 to find quarterl...
by fantasytensai
Fri Jun 16, 2017 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 37668

Re: Regret early retirement/downsizing

try to never judge anyone on how they like to spend their free time as long as they aren't hurting anyone. ...unfortunately there are limitless amount of ways to spend your time and just not enough time to do them all. What you are identify as judging is just a believe that life is lived in the rea...
by fantasytensai
Fri Jun 16, 2017 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 37668

Re: Regret early retirement/downsizing

If that is the great passion of your life then I hope it works for you. Just would have thought you might have something else you would like to pursue such as music, photography, cycling, hiking, travel or something else. Is there some sort of hierarchy of hobbies based on credibility/importance? H...
by fantasytensai
Fri Jun 16, 2017 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 37668

Re: Regret early retirement/downsizing

I find irony when reading these 2 comments together. I don't play video games at all really. But I'd much rather play video games than be at work! There's nothing noble about being judgmental about others' hobbies. Of course there isn't. But I will tell you my experience in life is people who aren'...
by fantasytensai
Thu Jun 15, 2017 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Overcharged for tax returns
Replies: 28
Views: 2803

Re: Overcharged for tax returns

I am an attorney. When I take on a case, regardless of whether it's a new client or existing client, I give a free initial consultation first. Then, I will put down in writing an estimate of how many hours it should take me to complete a task. I always provide the estimate on the over side rather t...
by fantasytensai
Thu Jun 15, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Overcharged for tax returns
Replies: 28
Views: 2803

Re: Overcharged for tax returns

I am an attorney. When I take on a case, regardless of whether it's a new client or existing client, I give a free initial consultation first. Then, I will put down in writing an estimate of how many hours it should take me to complete a task. I always provide the estimate on the over side rather t...
by fantasytensai
Thu Jun 15, 2017 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Overcharged for tax returns
Replies: 28
Views: 2803

Re: Overcharged for tax returns

I am an attorney. When I take on a case, regardless of whether it's a new client or existing client, I give a free initial consultation first. Then, I will put down in writing an estimate of how many hours it should take me to complete a task. I always provide the estimate on the over side rather th...
by fantasytensai
Thu Jun 15, 2017 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 37668

Re: Regret early retirement/downsizing

I'm in my 30's and switched from 1 1/2 jobs to 1 and now just do consulting a few hours a week. I definitely don't regret reducing down. I never want to work a 40 hour week again in my life and am trying to convince my wife to reduce to part-time too. I have a young family and a bunch of hobbies an...
by fantasytensai
Thu Jun 15, 2017 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 37668

Re: Regret early retirement/downsizing

I may be a little out of the norm here, but as a thirty year old who was always told (by parents growing up and then by wife after marriage) that I cannot play so much video games, I cannot possibly imagine being bored after retirement....I will finally have all the time in the world to play all th...
by fantasytensai
Tue Jun 13, 2017 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 37668

Re: Regret early retirement/downsizing

I may be a little out of the norm here, but as a thirty year old who was always told (by parents growing up and then by wife after marriage) that I cannot play so much video games, I cannot possibly imagine being bored after retirement....I will finally have all the time in the world to play all th...
by fantasytensai
Wed May 31, 2017 1:29 pm
Forum: Local Chapters and Bogleheads Community
Topic: Memorial Day
Replies: 28
Views: 2756

Re: Memorial Day

Thank you for your services Taylor.
by fantasytensai
Fri May 19, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Using Plastiq?
Replies: 30
Views: 5898

Re: Using Plastiq?

Great. Thank you for sharing your experience and glad to hear you haven't experienced the headaches that others have. Apart from the promotional offers you referenced (which seemingly aren't as frequent now), using Plastiq to satisfy CC spends doesn't make as much sense as other easier/cheaper MS m...
by fantasytensai
Wed May 17, 2017 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Article: "Our emergency fund is exactly $0.00"
Replies: 73
Views: 7858

Re: Article: "Our emergency fund is exactly $0.00"

However as for his strategy of using 0% interest credit cards, I can tell you that it doesn't work that way. 0% interest is usually only offered as a limited signup reward. So unless you would like to apply for a new credit card every time you make a large purchase, it doesn't float this boat. I ag...
by fantasytensai
Wed May 17, 2017 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: Article: "Our emergency fund is exactly $0.00"
Replies: 73
Views: 7858

Re: Article: "Our emergency fund is exactly $0.00"

I don't think there is anything wrong with this author's strategy. Personally I am able to keep $30k at rewards checking accounts earning 4.59 to 5% APY while being as liquid as a regular checking account, so that serves as my emergency fund. But I can absolutely see myself using a HELOC as well. W...
by fantasytensai
Tue May 16, 2017 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Article: "Our emergency fund is exactly $0.00"
Replies: 73
Views: 7858

Re: Article: "Our emergency fund is exactly $0.00"

I don't think there is anything wrong with this author's strategy. Personally I am able to keep $30k at rewards checking accounts earning 4.59 to 5% APY while being as liquid as a regular checking account, so that serves as my emergency fund. But I can absolutely see myself using a HELOC as well. Ho...
by fantasytensai
Mon May 15, 2017 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 37668

Re: Regret early retirement/downsizing

I may be a little out of the norm here, but as a thirty year old who was always told (by parents growing up and then by wife after marriage) that I cannot play so much video games, I cannot possibly imagine being bored after retirement....I will finally have all the time in the world to play all the...
by fantasytensai
Thu May 11, 2017 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance cancelled due to nonpayment on record
Replies: 4
Views: 982

Re: Insurance cancelled due to nonpayment on record

I signed up for a new homeowners policy two years ago. For some reason they were not able to setup an online account for this policy. I tried several times. This maybe should have been a heads up for me. Last year I never got a bill and did not set a calendar reminder to pay the homeowner's insuran...
by fantasytensai
Thu May 11, 2017 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on buying a pricey car
Replies: 1
Views: 448

Re: Financial check & thoughts on buying a pricey car

Different circumstances but about 70% of the comments in this thread is applicable to your situation.

viewtopic.php?f=2&t=218036
by fantasytensai
Thu May 11, 2017 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: did I make a mistake funding a traditional IRA?
Replies: 8
Views: 854

Re: did I make a mistake funding a traditional IRA?

I'd say it's the opposite. At the high income level, most people like traditional retirement accounts for the deduction. If you then invest the tax savings, you come out ahead. At the low income level, many would go for the Roth if they expected their income to be higher in the future. However, usi...
by fantasytensai
Thu May 11, 2017 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Chase Private Client -- Worth it to hold Vanguard Funds?
Replies: 15
Views: 2191

Re: Chase Private Client -- Worth it to hold Vanguard Funds?

I have a self-directed brokerage account at Chase as a CPC. I hold VTSAX and VITAX in it as my primary taxable account, so yes you can have admiral shares.
by fantasytensai
Fri May 05, 2017 4:17 pm
Forum: Investing - Theory, News & General
Topic: Buffett/IBM
Replies: 73
Views: 6329

Re: Buffett/IBM

Can you say IRRELEVENT. Yep IBM is just another company with nothing special to offer and no great products to sell. Do you remember Compaq or Univac or Digital? They were great computer companies back when. Now they are gone. IBM is all set to go the same way. They are selling a little service and...
by fantasytensai
Fri May 05, 2017 12:46 pm
Forum: Investing - Theory, News & General
Topic: Buffett/IBM
Replies: 73
Views: 6329

Re: Buffett/IBM

So....nobody likes the outlook (pardon the pun) of IBM? If anything this feels like a buy low opportunity for me.
by fantasytensai
Fri May 05, 2017 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 216
Views: 19267

Re: Buying a luxury car (how dumb would it be to do this?)

Plenty of used BMW X5's for sale for under $15K. That tells me a lot. You can get 2 or three of them. This!! my husband the car guy is sitting next to me going, well if you are going to spend 55k at least get a car that holds a lot of value--his suggestions are Porsha 911 or Really nice mustang--Sh...
by fantasytensai
Fri May 05, 2017 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 216
Views: 19267

Re: Buying a luxury car (how dumb would it be to do this?)

I'm a big car guy. As in, I really like driving. I've always dreamed of a nice sports luxury car since it's first iteration came out during my HS years. At the time it was the Infiniti G35 Sport coupe. I was actually shopping for Mini Cooper S last year, when I came across a 2008 G37 Sport coupe, w...
by fantasytensai
Thu May 04, 2017 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Another Tax Question - What to do with a refund check that shouldn't have been issued?
Replies: 12
Views: 1165

Re: Another Tax Question

Hi, it's that time of the season again. My question is kind of straightforward. I had to amend my taxes because I found additional DIV that increased my tax liability by $122. I paid the entirety of my taxes owed, including the extra $122. Today, I just received a refund check for $122 from Uncle S...
by fantasytensai
Wed May 03, 2017 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 216
Views: 19267

Re: Buying a luxury car (how dumb would it be to do this?)

I am in a similar boat. I have a decent income and I love cars. My first car was a Civic, the lease is up in November. The Boglehead in me wants to buy a used Accord and drive it to the ground, but the me in me wants to lease/buy a brand new Jaguar XE AWD fully loaded, which would be around 50k. Whe...
by fantasytensai
Tue Apr 18, 2017 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Another Tax Question - What to do with a refund check that shouldn't have been issued?
Replies: 12
Views: 1165

Re: Another Tax Question

Please let me know how I can rephrase the question, or add additional information to make my question easier to answer, thank you! Really need advice.
by fantasytensai
Mon Apr 17, 2017 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Another Tax Question - What to do with a refund check that shouldn't have been issued?
Replies: 12
Views: 1165

Another Tax Question - What to do with a refund check that shouldn't have been issued?

Hi, it's that time of the season again. My question is kind of straightforward. I had to amend my taxes because I found additional DIV that increased my tax liability by $122. I paid the entirety of my taxes owed, including the extra $122. Today, I just received a refund check for $122 from Uncle Sa...
by fantasytensai
Fri Apr 07, 2017 2:14 pm
Forum: Investing - Theory, News & General
Topic: Social Security for Millennials
Replies: 144
Views: 14919

Re: Social Security for Millennials

Many Bogleheads are fortunate enough to be in a position where we can live without it if we have to, but that's not true for many Americans. It is highly likely to be around in one form or another, and your planning should decide how you want to treat it from both sides (the tax side and the claimi...
by fantasytensai
Fri Apr 07, 2017 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Should I drop Chase Sapphire Preferred (have Reserve and Freedom)
Replies: 15
Views: 986

Re: Should I drop Chase Sapphire Preferred (have Reserve and Freedom)

I had the same issue and I downgraded my CSP to a Freedom Unlimited. Best choice ever, 1.5 points for purchase everywhere, great supplement to the CSR and the regular Freedom.
by fantasytensai
Thu Apr 06, 2017 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: TLH at Chase Brokerage, is Original Cost the same as Specific Cost?
Replies: 3
Views: 265

TLH at Chase Brokerage, is Original Cost the same as Specific Cost?

https://www.bogleheads.org/forum/viewtopic.php?t=172568 Referencing the above comprehensive guide to TLH, I am currently in Step 0 - changing my cost basis from Average Cost to Specific Cost. However, when I contacted my people at Chase, they told me they do not have Specific Cost, but rather have s...
by fantasytensai
Tue Apr 04, 2017 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Does your employer let you cash out your Vacation and/or Sick time upon leaving the company?
Replies: 56
Views: 3763

Re: Does your employer let you cash out your Vacation and/or Sick time upon leaving the company?

Check you state's laws. I know NY and Cal require PTO to be paid out. Also, this is probably a good time to remind everyone to NOT tell your employer anything, no matter how nice your supervisor is to you, until you have everything figured out and in place. Too many young people (myself included) ma...
by fantasytensai
Tue Apr 04, 2017 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 262
Views: 25926

Re: Low-earners- What is your profession?

I'm a surgeon in private practice for 30 years. Used to be a "high earner". Last 2 years I couldn't even take a paycheck to keep my practice afloat. Obamacare is ruining us. Most young doctors want to go and work for a hospital or network for a fat salary right out of training, and I can'...
by fantasytensai
Tue Apr 04, 2017 9:32 am
Forum: Investing - Theory, News & General
Topic: Social Security for Millennials
Replies: 144
Views: 14919

Re: Social Security for Millennials

I think Bogleheads is the wrong place to ask this question. Millennials on Bogleheads will tend to be good planners/savers and will have enough to live off by retirement, making any SS "gravy". However, I imagine a vast majority of millennials will be depending on SS as a primary source of...
by fantasytensai
Fri Mar 31, 2017 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Living Trust/Will settlement
Replies: 4
Views: 400

Re: Living Trust/Will settlement

Have the will admitted to probate, collect the assets, pay debts and administration expenses, disburse balance probate estate to trust, administer trust according to its terms. Easy, and I got paid to do it for 40 years. :happy Gill Or, form a living trust and bypass all the probate fees paid to Gi...
by fantasytensai
Fri Mar 31, 2017 9:58 am
Forum: Investing - Theory, News & General
Topic: Subprime Auto Loans packaged and sold to investors.
Replies: 10
Views: 1360

Re: Subprime Auto Loans packaged and sold to investors.

http://www.msn.com/en-us/money/markets/why-deep-subprime-auto-loans-are-beginning-to-worry-wall-street/ar-BBz6OsQ?li=BBnbfcN This obviously does not have the same buildup and potential consequences as the housing crisis, but is still worrisome. Is there any way to tell if one of the popular Boglehe...
by fantasytensai
Fri Mar 31, 2017 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Currently have $700,000 at 26 years old get $100,000 a year
Replies: 80
Views: 11762

Re: Currently have $700,000 at 26 years old get $100,000 a year

Chalk me up as another voice saying that "balanced fund" could mean many different things, and being more specific will elicit better advice. Reading through the wiki, as linked to, would be very sensible. I debated writing the following, but feel that it's important. Please realize that ...
by fantasytensai
Fri Mar 31, 2017 8:53 am
Forum: Investing - Theory, News & General
Topic: Subprime Auto Loans packaged and sold to investors.
Replies: 10
Views: 1360

Subprime Auto Loans packaged and sold to investors.

http://www.msn.com/en-us/money/markets/why-deep-subprime-auto-loans-are-beginning-to-worry-wall-street/ar-BBz6OsQ?li=BBnbfcN This obviously does not have the same buildup and potential consequences as the housing crisis, but is still worrisome. Is there any way to tell if one of the popular Boglehea...
by fantasytensai
Wed Mar 29, 2017 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Max Out 0% Promo Credit Card
Replies: 39
Views: 2358

Re: Max Out 0% Promo Credit Card

There are plenty of banks that will let you do this (I can think of 1 off the top of my head that will let you do $5k) but it's really not worth it. OP I would definitely not do this. Your card issuers do routinely pull you credit and if they see it drop significantly they could increase your inter...
by fantasytensai
Wed Mar 29, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Max Out 0% Promo Credit Card
Replies: 39
Views: 2358

Re: Max Out 0% Promo Credit Card

Hi, I wanted to know what your opinion is on this... I have a $10K credit limit on a cashback card with 0% interest till 2018. I'd like to use it to fund a new bank account I opened. I was thinking I'd max out the $10K (maybe with $100-$200 left in available credit) and wait till 2018 to pay it off...
by fantasytensai
Tue Mar 28, 2017 10:46 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy for late 20s couple with 100k cash
Replies: 14
Views: 1379

Re: Strategy for late 20s couple with 100k cash

Just added the template to my original post, our income is too high to invest in IRA, we just have 401k and brokerage + checkingaccount, nothing else Google or search this forum for backdoor Roth conversion. You can still take full advantage. As for AA, it is completely up to your risk tolerance at...
by fantasytensai
Tue Mar 28, 2017 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter maxed out credit cards, needs help from me
Replies: 92
Views: 5450

Re: Daughter maxed out credit cards, needs help from me

My opinion will probably be in the minority. I do not and would not loan money to my children, family, or friends. I gift with no strings attached where my gift will be a blessing. Maybe this is an appropriate instance? You can decide that. There seems to be boundary issues between the boyfriend (s...
by fantasytensai
Tue Mar 28, 2017 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter maxed out credit cards, needs help from me
Replies: 92
Views: 5450

Re: Daughter maxed out credit cards, needs help from me

It sounds like you already have a well-thought out plan. Here is my $.02. 1. If you want to focus on financial education, then I would draft a formal loan document. 2. I would not make this loan interest free, something like 1% would be a good lesson. Just speaking from experience, 25-year-old me wo...

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