Search found 216 matches

by hightower
Wed Aug 23, 2017 8:23 am
Forum: Investing - Help with Personal Investments
Topic: 33 years old, how am I doing ?
Replies: 35
Views: 4223

Re: 33 years old, how am I doing ?

Forgive me for being ignorant on this... so if you've been a physician since age 24 you must have started your med school around the age of 16? Finished at 20 y/o, then finished EM residency at 24? Please explain how this was possible? Unless you mean you started residency at age 24 meaning you star...
by hightower
Fri Aug 18, 2017 5:44 pm
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 10551

Re: Is it worth it? [demanding jobs vs time with family]

I have read the OP and several comments and skimmed thru the rest. True story... In 1998 my wife and I were both working high stress jobs, hers more so than mine, but my income was 2x hers. With 2 sons we were spending a ton on nanny, meals out, and other "quality of life" events. She was working 6...
by hightower
Fri Aug 18, 2017 5:39 pm
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 10551

Re: Is it worth it? [demanding jobs vs time with family]

My husband and I work very demanding jobs (at least 60-70 hours a week) and we have 2 beautiful children, a baby and a toddler. We are well-compensated for our demanding jobs. Our family is very important to us but our careers are also important to us. We are in our mid-thirties so we think of this...
by hightower
Thu Aug 17, 2017 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: Lost $7000 today in ONE DAY!
Replies: 183
Views: 14924

Re: Lost $7000 today in ONE DAY!

Cyclesafe wrote: ↑
Thu Aug 17, 2017 8:43 pm
Nothing changed. You didn't lose $7000. You have the same number of shares now that you did this morning. Get a grip.
I'm seriously cracking up right now! "Get a grip". Lolol
by hightower
Thu Aug 17, 2017 8:05 pm
Forum: Investing - Help with Personal Investments
Topic: Left Financial Planner - New Baby - Looking for advice
Replies: 11
Views: 836

Re: Left Financial Planner - New Baby - Looking for advice

I empathize with your desire to downsize the house a little. I wouldn't want to be spending that much on housing either. It's a big task trying to convince your significant other of a big change like that though, so best of luck.
by hightower
Thu Aug 17, 2017 5:41 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3805
Views: 999446

Re: U.S. stocks in freefall

. The market declined about 1% and you are feeling lucky because you sold a few weeks ago? What I was referring to was the title of this thread. I know we're all just being goofy for the most part, but my point was made in reference to IF the market continues to decline. I fully realize that a one ...
by hightower
Thu Aug 17, 2017 5:17 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3805
Views: 999446

Re: U.S. stocks in freefall

I personally am hoping for a nice big correction. I have a lot of buying to do. I'm also happy that a couple weeks ago I decided to sell some shares in my taxable account to pay off some debt. Ended up being good luck I guess. We'll see though.
by hightower
Thu Aug 17, 2017 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: Sell VTSAX to pay off car loan?
Replies: 12
Views: 668

Re: Sell VTSAX to pay off car loan?

Yeah i would pay it off. You might get lucky and get to buy back in during a down swing. That's a terrible car loan rate btw.
by hightower
Thu Aug 17, 2017 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone planning on never retiring?
Replies: 138
Views: 9475

Re: Anyone planning on never retiring?

My plan is to work my tail off now until I'm financially independent, then cut back to a part time status...just enough so I can maintain health insurance through an employer and make enough to live off of while I let my nest egg grow.
by hightower
Wed Aug 16, 2017 1:44 pm
Forum: Investing - Theory, News & General
Topic: Market timing alert !!
Replies: 24
Views: 4469

Re: Market timing alert !!

Lot's of cynics here:) Haha, funny thread :sharebeer
by hightower
Wed Aug 16, 2017 1:43 pm
Forum: Investing - Theory, News & General
Topic: Market timing alert !!
Replies: 24
Views: 4469

Re: Market timing alert !!

This all reminds me of the day I invested a nice inheritance I received: September 12, 2008. :oops: True story. All's well that ends well I guess. :wink: I can't imagine, honestly. That must have been horrible. It certainly puts things into perspective though. Did you out and keep buying through th...
by hightower
Tue Aug 15, 2017 5:53 pm
Forum: Investing - Help with Personal Investments
Topic: please help...am I overextended - first home
Replies: 78
Views: 6315

Re: please help...am I overextended - first home

It's important not to just look at the size of your monthly payments but the actual dollar amount you're making vs spending on a house. 6k/month means 72k per year. I like the 2x salary rule for figuring out how much house you can afford. It says that your mortgage shouldn't be more than 2x your ann...
by hightower
Tue Aug 15, 2017 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: 27y/o w/ 150k debt buying 685k house
Replies: 41
Views: 4236

Re: 27y/o w/ 150k debt buying 685k house

No, this is the exact opposite of a "financially sound" decision. But, I suspect you're already aware of that or you wouldn't be posting here. He is cruising for a life of being poor with a high income. A 200k salary can buy you a nice 400-500k house if you have a proper 20% down payment, but 700k i...
by hightower
Mon Aug 14, 2017 4:45 pm
Forum: Personal Consumer Issues
Topic: How useful is a home security system?
Replies: 76
Views: 5434

Re: How useful is a home security system?

We have security cameras on our house. One christmas we had a bunch of thefts of packages from front porches on our street. Our camera captured the guys face on camera and we sent it to police. They recognized the guy, arrested him, and now he's serving an 18 month sentence (he also stole a car). So...
by hightower
Mon Aug 14, 2017 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: SP500/Total Stock Market
Replies: 23
Views: 1435

Re: SP500/Total Stock Market

I read somewhere that the SP500 had low returns for a 10 year period. Not sure of the years or return. I know they have a name for it . Quesiton: owning the total stock market fund during this period, what kid of returns would an investor see? Wound this just be bad years? And what would be your 3 ...
by hightower
Mon Aug 14, 2017 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: What % of income to buy a car is not excessive?
Replies: 48
Views: 3275

Re: What % of income to buy a car is not excessive?

A better question would be what percent of your net worth to spend on a car. At least to me when you are looking at is as a percent of income it implies that you would be getting a car loan. When I was starting out I had car loans so there is nothing inherently wrong with them but if you have to ge...
by hightower
Mon Aug 14, 2017 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: What % of income to buy a car is not excessive?
Replies: 48
Views: 3275

Re: What % of income to buy a car is not excessive?

A better question would be what percent of your net worth to spend on a car. At least to me when you are looking at is as a percent of income it implies that you would be getting a car loan. When I was starting out I had car loans so there is nothing inherently wrong with them but if you have to ge...
by hightower
Mon Aug 14, 2017 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card with large cash (or cash-equivalent) sign-up bonus
Replies: 19
Views: 1840

Re: Credit card with large cash (or cash-equivalent) sign-up bonus

Chase Sapphire Preferred (https://creditcards.chase.com/credit-cards/chase-sapphire-preferred2?CELL=6340&SP4R=FH24R8&cardId=4) After spending 4k in the first 90 days you get 50k bonus points. These can be redeemed for $650 in travel rewards or $500 cash. The first year's fee is waived and you can ca...
by hightower
Mon Aug 14, 2017 7:58 am
Forum: Personal Finance (Not Investing)
Topic: What % of income to buy a car is not excessive?
Replies: 48
Views: 3275

Re: What % of income to buy a car is not excessive?

A better question would be what percent of your net worth to spend on a car. At least to me when you are looking at is as a percent of income it implies that you would be getting a car loan. When I was starting out I had car loans so there is nothing inherently wrong with them but if you have to ge...
by hightower
Mon Aug 14, 2017 7:56 am
Forum: Personal Finance (Not Investing)
Topic: What % of income to buy a car is not excessive?
Replies: 48
Views: 3275

Re: What % of income to buy a car is not excessive?

Personal preference. I probably wouldn't go above 10-15% of gross, as long as I could purchase with cash. Runner, I understand your sentiment and it is very prudent to be within that limit. But... The median new car (26K) costs about 50% of the median annual household income(52K). Even with the 3 m...
by hightower
Mon Aug 14, 2017 7:50 am
Forum: Personal Finance (Not Investing)
Topic: What % of income to buy a car is not excessive?
Replies: 48
Views: 3275

Re: What % of income to buy a car is not excessive?

1/10 (10%) of your annual income is okay in my opinion.
by hightower
Sun Aug 13, 2017 8:53 am
Forum: Personal Finance (Not Investing)
Topic: How does personal wealth affect job hunting?
Replies: 57
Views: 6570

Re: How does personal wealth affect job hunting?

Absolutely agree. If I were financially independent or even close to it, I would be looking for a job that I enjoy a lot as the first and foremost requirement. Pay wouldn't matter. Work/Life balance would matter, but not as much as making sure I really enjoy the work.
by hightower
Fri Aug 11, 2017 4:31 pm
Forum: Personal Consumer Issues
Topic: How far would you travel to see The Eclipse?
Replies: 241
Views: 11347

Re: How far would you travel to see The Eclipse?

We're driving about 5 hours each way to see it. Making a little weekend camping trip out of it. From what I hear, it's worth it. People travel from all over the world to see these. They're no small event apparently. It will be my first one.
by hightower
Wed Aug 09, 2017 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Save to buy home on cash
Replies: 17
Views: 1352

Re: Save to buy home on cash

I too would like to attempt to save cash for our next home purchase. We'll be building on our family's farm and the whole process will be a lot easier if we just have enough cash to pay for the project as it moves a long. However, depending on the sale price of our current home, it might take a coup...
by hightower
Wed Aug 09, 2017 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 16344

Re: Life at crossroads. What would you do ?

Guys, spouse is really attached to the Bay Area because of her line of work. She's apprehensive that she wont be getting an equivalent job (with a pension, great bennies etc.) in other parts of the country. On your suggestions for LCOL - I'm personally completely in favor of it, but am handicapped ...
by hightower
Tue Aug 08, 2017 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 16344

Re: Life at crossroads. What would you do ?

Moving to a LCOL area could easily bring your housing costs down to 18k a year. And you would be living in a nice area with good schools. And without the 24k tuition you could live off of 58 k a year and still vacation as before. And the 4% rule does not mean you will run out of money in 25 years. T...
by hightower
Tue Aug 08, 2017 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 16344

Re: Life at crossroads. What would you do ?

* Relocation - Yes, I have to start looking at this possibility. I agree. But what are the chances that I'll get a job outside of the Bay Area in tech when I can't get a job IN the Bay Area ? Seattle might be an exception. davidsorensen32, 1) Much better since you got nothing from this area. KF - n...
by hightower
Tue Aug 08, 2017 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 16344

Re: Life at crossroads. What would you do ?

What would I do? Reduce expenses to a level where 2 mil would be considered financially independent. Move to a lcol area to accomplish this. Then you can safely search for a new line of work since it sounds like you dont want to retire. Staying in the Bay Area unemployed is foolish. You run a real r...
by hightower
Tue Aug 08, 2017 8:20 pm
Forum: Investing - Theory, News & General
Topic: Still Buying As planned Regardless Of The World Situation
Replies: 72
Views: 7664

Re: Still Buying As planned Regardless Of The World Situation

I'm still buying too, but not as much. I decided to focus more on getting rid of debt for awhile. And yes it's because I don't believe the market is going to do as well the rest of the year. I figured it was a good time to get out of debt.
by hightower
Sun Aug 06, 2017 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Losing confidence in Ally Bank - what would you do
Replies: 58
Views: 6592

Re: Losing confidence in Ally Bank - what would you do

I've never had a problem with Ally. I transfer money back and forth all the time. It's probably a problem with your "brick and mortar" bank and not with Ally at all.
by hightower
Sun Aug 06, 2017 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Can We Afford This House?
Replies: 11
Views: 1264

Re: Can We Afford This House?

I personally would stay put or sell the townhouse. You guys make roughly 160k/yr. That means you can afford a mortgage up to 320 (2x salary). If you take out a new mortgage and keep the town house your mortgage debt will sky rocket to over 420k. If you stay put the costs will be lower, you can save ...
by hightower
Sat Aug 05, 2017 3:51 pm
Forum: Personal Consumer Issues
Topic: Delta priority boarding - first timer
Replies: 80
Views: 5764

Re: Delta priority boarding - first timer

You could do what my buddy does regardless of which airline he flies. When they call (usually first boarders) for folks who need extra time [read: disabled] getting down the jetway, he saunters right up. He never pays extra for early boarding and always gets early boarding. When I asked him, "What ...
by hightower
Sat Aug 05, 2017 3:48 pm
Forum: Personal Consumer Issues
Topic: Delta priority boarding - first timer
Replies: 80
Views: 5764

Re: Delta priority boarding - first timer

We always get priority boarding with Delta and we hardly ever use it. I'm a silver medallion member from my Delta Amex. However, since they offer 2 free checked bags for both me and my wife, we simply check everything except my camera bag which fits under the seat in front of me. So, when they call ...
by hightower
Fri Aug 04, 2017 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: A poll: How much money do you want to retire?
Replies: 270
Views: 21247

Re: A poll: How much money do you want to retire?

35 years old. I am currently working on downsizing our spending significantly so I can only say what I hope to have for retirement once I know what I will be capable of living off of. The other piece of the puzzle, which is considerable, is the cost of healthcare. I have no clue what that will be. S...
by hightower
Fri Aug 04, 2017 3:49 pm
Forum: Investing - Theory, News & General
Topic: Why Do Stocks Keep Hitting Records? msn/WSJ
Replies: 25
Views: 3810

Re: Why Do Stocks Keep Hitting Records? msn/WSJ

Just remember that the stocks have hit "record highs" thousands and thousands of times over the last 100+ years. That's what they do. They will eventually correct a little, then they will hit records again. Unless humans manage to destroy the world somehow (nuclear war, climate change, etc), this is...
by hightower
Fri Aug 04, 2017 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Are we house poor? [Property Tax Madness]
Replies: 79
Views: 7907

Re: Are we house poor?

If it's old finish and there are just some scratches and dings that bother you, I would recommend using some "old english" wood scratch cover up on it. https://www.amazon.com/dp/B0009Y6G7I/ref=asc_df_B0009Y6G7I5107698/?tag=hyprod-20&creative=395033&creativeASIN=B0009Y6G7I&linkCode=df0&hvadid=1671519...
by hightower
Fri Aug 04, 2017 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Are we house poor? [Property Tax Madness]
Replies: 79
Views: 7907

Re: Are we house poor?

Is your wood work painted? If you need to remove paint it might be easiest to just remove the wood work (carefully) and have it stripped in a dip tank and then refinish it and reinstall it. Depends on the situation, but sometimes old paint can be very difficult to remove from detailed wood work and ...
by hightower
Thu Aug 03, 2017 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: 85/15 too aggressive at age 35?
Replies: 89
Views: 7866

Re: 85/15 too aggressive at age 35?

My wife and I are both 35, and our $325k in retirement savings are currently at an 85/15 asset allocation, using the 3-fund portfolio (well, more like 87/13 at the moment due to drift). We're heavy savers ($50-$55k/year), and live in a VHCOL area. We would love to retire early if we can, but aren't...
by hightower
Thu Aug 03, 2017 7:59 pm
Forum: Personal Consumer Issues
Topic: does solar increase the value of a house
Replies: 61
Views: 5204

Re: does solar increase the value of a house

If the panels significantly impact how much you pay in electricity, then of course they add value to the house. Once home batteries become more affordable, houses with solar panels coupled with whole house battery systems will be highly sought after because there will be zero utility bills (unless y...
by hightower
Wed Aug 02, 2017 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Burned out at 28. Do I have enough?
Replies: 62
Views: 9609

Re: Burned out at 28. Do I have enough?

You are doing very well for a 28 year old financially speaking. You're better off than me and I'm a 35 year old physician (I make a lot, but haven't built wealth yet thanks to debt). Anyway, you are young and need to be enjoying life to the fullest. Absolutely quit your current job and find somethin...
by hightower
Wed Aug 02, 2017 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: How far off are Zillow's estimates?
Replies: 82
Views: 7429

Re: How far off are Zillow's estimates?

Another important thing to keep in mind when considering the "accuracy" of any of these sites or even an official appraisal is that they are just estimates. The actual value of your home is whatever someone is willing to pay you for it. If someone is willing to give you a check for x amount of dolla...
by hightower
Wed Aug 02, 2017 9:18 am
Forum: Personal Finance (Not Investing)
Topic: How far off are Zillow's estimates?
Replies: 82
Views: 7429

Re: How far off are Zillow's estimates?

Zillow posts it's own data on accuracy. It varies from city to city. Read up here: https://www.zillow.com/zestimate/
by hightower
Tue Aug 01, 2017 7:54 am
Forum: Personal Finance (Not Investing)
Topic: The age old debate 30 vs 15 [year mortgage rate]
Replies: 41
Views: 4732

Re: The age old debate 30 vs 15 [year mortgage rate]

I think it's very risky to be purchasing a home for a 3-5 year time frame. Even if your company is paying for certain things, the market could drop by 50% or more and you'll be under water. It's happened before and could happen again. I would rent if I were you. You'll avoid a lot of risk and have t...
by hightower
Mon Jul 31, 2017 11:15 pm
Forum: Investing - Help with Personal Investments
Topic: Incorporating a taxable account into our portfolio or pay down debt?
Replies: 7
Views: 683

Re: Incorporating a taxable account into our portfolio or pay down debt?

I'm in a similar situation although my interest rates are a little better and I'm choosing to pay off debt. My reasoning is that the stock market is due for a correction sometime soon. We're in one of the longest bull runs in history. It's going to correct sooner or later. When that occurs I'd rathe...
by hightower
Mon Jul 31, 2017 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to the suburbs - how much can i afford?
Replies: 22
Views: 1035

Re: Moving to the suburbs - how much can i afford?

I personally like the 2x salary rule for determining how much mortgage one can afford. You two make approx 220k a year, so a 440k mortgage is perfectly acceptable. A 550k house would result in a 110k down payment which would give you that 440k mortgage. If you want to go over that, it's up to you ho...
by hightower
Mon Jul 31, 2017 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Estimate for painting home interior
Replies: 19
Views: 1946

Re: Estimate for painting home interior

Any interest in painting it yourself? My wife and I painted our entire home interior over the last several years. I imagine it would have cost a fortune to pay someone. We got very good at it after the first couple of rooms. Hint, don't use tape. Learn to cut in straight lines by hand with an approp...
by hightower
Sun Jul 30, 2017 8:36 pm
Forum: Investing - Theory, News & General
Topic: Equal Parts Small, Mid, Large Cap Indexes
Replies: 56
Views: 3053

Re: Equal Parts Small, Mid, Large Cap Indexes

About 30% of our portfolio is equal parts small mid and large. Not really by choice. My wife's 491k sucks and has no cheap total stock funds. So I buy equal parts of the 3 cheapest funds which happen to be those.
by hightower
Sun Jul 30, 2017 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Tesla - next big lottery ticket ?
Replies: 167
Views: 15276

Re: Tesla - next big lottery ticket ?

The next time they drop to less than 200/share I plan on buying some shares. I won't bet the farm on them, but I allow myself about 5k of play money for such occasions. I do not think they are going to be able to hit their target model 3 numbers over the next couple of years which is why I expect th...
by hightower
Fri Jul 28, 2017 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: How much income and down payment to afford 300k house?
Replies: 50
Views: 4100

Re: Can this person afford a 300k house?

Let's say this person has 150k cash (liquid). 8k car loan. Let's say 50k in yearly income. No other debts. No other major purchases. No kids, no spouse, etc. Can this person afford a 300k house? Can this person afford to buy more? If so, how much more? Let's say this person will rent 1-2 rooms out ...
by hightower
Fri Jul 28, 2017 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford it ? [A new car]
Replies: 95
Views: 6131

Re: Can I afford it ?

If ur not willing to part with $50-60k cash, then you probably shouldnt buy it. The reason you are on here asking us is because it doesnt feel right. My advice is save up the cash for it and see if u still want it. It will feel better to you if u pay cash and drive away without a loan. Or u might de...