Search found 1170 matches

by investingdad
Sun Nov 19, 2017 2:39 pm
Forum: Personal Consumer Issues
Topic: How much do you budget for vacation?
Replies: 78
Views: 3712

Re: How much do you budget for vacation?

Interesting answers, but I find it interesting that people are saying how much they "spend" on travel, rather than what they "budget" for travel, which was the question. Judging by the amounts of money quoted in this thread, I suspect that most of the people answering this particular question are a...
by investingdad
Sun Nov 19, 2017 1:02 pm
Forum: Personal Consumer Issues
Topic: How much do you budget for vacation?
Replies: 78
Views: 3712

Re: How much do you budget for vacation?

We are mid 40s, two kids (10 and 12), with a combined income upper 200s.

We are in the process of a big splurge on a family vacation, probably 15k, right now. So 22k this year. Normally about 11k a year.

Maybe 1/2 a percent of net worth.
by investingdad
Sun Nov 19, 2017 9:28 am
Forum: Personal Consumer Issues
Topic: Should I drink or sell my Pappy 12 year?
Replies: 74
Views: 9394

Re: Should I drink or sell my Pappy 12 year?

I couldn't drink this stuff because I'm not a fan (craft beer for me).

But if you don't need the money, why sell? Seems like this is something you keep and learn to appreciate over time.
by investingdad
Mon Nov 13, 2017 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Losing all of your savings.
Replies: 41
Views: 5633

Re: Losing all of your savings.

So is the OP a pro poker player? I'm confused.
by investingdad
Mon Nov 13, 2017 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Losing all of your savings.
Replies: 41
Views: 5633

Re: Losing all of your savings.

why did you edit/delete all your old posts? The only thing listed under all your old posts is "lasdasd". https://s17.postimg.org/mlfkwxiof/Capture.jpg before you have a chance to delete this post and no one can read it again, here's what the OP's original question was: i've lost all of my savings b...
by investingdad
Mon Nov 13, 2017 9:46 am
Forum: Personal Consumer Issues
Topic: Did you want to set up a payment plan for that?
Replies: 19
Views: 2343

Did you want to set up a payment plan for that?

I had to replace my cell phone over the weekend. Didn't want to, but the operating system is no longer compliant with our IT security policy at work. They should pay for that, but that's another topic... Anyway, I got another Android that I liked. As the guy starts the checkout process, the first qu...
by investingdad
Sun Nov 12, 2017 10:33 am
Forum: Personal Consumer Issues
Topic: Cruise to Nassau, Bahamas - Atlantis Discovery Tour?
Replies: 11
Views: 689

Re: Cruise to Nassau, Bahamas - Atlantis Discovery Tour?

I don't think there's a charge to walk around the property, is there? I recall the last time we went there by cruise ship, we did the water park access which was pricey but worth it. We realized that the person taking to the water park area was taking us all around the property before taking us to t...
by investingdad
Wed Nov 08, 2017 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Did we make it to "The 2 Comma Club"? Maybe not?
Replies: 21
Views: 3581

Re: Did we make it to "The 2 Comma Club"? Maybe not?

I don't fully understand the coins.

Are those a portfolio asset or a collectible?

Does that mean I include jewelry or musical instruments in net worth? I only include what's in my portfolio and I subtract all debt notes.
by investingdad
Mon Nov 06, 2017 10:34 am
Forum: Investing - Theory, News & General
Topic: Dividends make up for high mutual fund fees
Replies: 31
Views: 2026

Re: Dividends make up for high mutual fund fees

Unfortunately his advisor put him into funds a long time ago with high fees, not just this one fund company. But because the dividend income looks good, I think he's not sensitive to the onerous cost. He just sees the dividend checks and isn't looking much beyond that. I did say fees heave a real im...
by investingdad
Mon Nov 06, 2017 8:32 am
Forum: Investing - Theory, News & General
Topic: Dividends make up for high mutual fund fees
Replies: 31
Views: 2026

Dividends make up for high mutual fund fees

We were visiting family last week and the topic of investing came up, never something I want to discuss with family. In any case, one family member was touting a certain fund company. I'm familiar with them but don't own them. Their management fees are significant, 1.5% is common and their returns a...
by investingdad
Sat Nov 04, 2017 8:05 am
Forum: Personal Finance (Not Investing)
Topic: This is why I'm glad I started investing at 23
Replies: 27
Views: 4650

Re: This is why I'm glad I started investing at 23

Let me be clear. I care about my work. My success becomes the company success. And I endeavor to do it well. That why I'm still employed after rounds of reductions over the years. What I don't care about is the sleazy maneuver of a new VP that sliced bonuses in half this year. I don't care about the...
by investingdad
Fri Nov 03, 2017 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: This is why I'm glad I started investing at 23
Replies: 27
Views: 4650

This is why I'm glad I started investing at 23

The biggest positive that came from investing heavily for retirement very early on was that now, at 44...I don't stress about the corporate BS, power struggles, and fighting to climb the ladder for that ever bigger bonus. I. Just. Don't. Care. And the best part is, I can afford not to. Don't get me ...
by investingdad
Fri Nov 03, 2017 10:27 am
Forum: Personal Consumer Issues
Topic: Learning an instrument as an adult...ten months later.
Replies: 166
Views: 20206

Re: Learning an instrument as an adult?

So I started this topic 11 months ago when I first asked for thoughts on taking up the violin as a total newbie to playing music. I posted updates along the way as I started this endeavor. What a lot of fun this has been! Having a great teacher makes a big difference. Practicing every day also makes...
by investingdad
Mon Oct 30, 2017 10:35 am
Forum: Personal Finance (Not Investing)
Topic: we bought a house - are we housepoor now?
Replies: 195
Views: 8930

Re: we bought a house - are we housepoor now?

Careful what you wish for. Recessions can have far reaching, unexpected, consequences. Stock prices can become the least of one's worries. Capitalizing on a Recession in a meaningful way via the stock market also requires a sizeable amount of liquid cash or cash equivalents on hand. Did you read my...
by investingdad
Mon Oct 30, 2017 10:24 am
Forum: Personal Finance (Not Investing)
Topic: we bought a house - are we housepoor now?
Replies: 195
Views: 8930

Re: we bought a house - are we housepoor now?

Careful what you wish for. Recessions can have far reaching, unexpected, consequences. Stock prices can become the least of one's worries. Capitalizing on a Recession in a meaningful way via the stock market also requires a sizeable amount of liquid cash or cash equivalents on hand. Did you read my...
by investingdad
Mon Oct 30, 2017 10:01 am
Forum: Personal Finance (Not Investing)
Topic: we bought a house - are we housepoor now?
Replies: 195
Views: 8930

Re: we bought a house - are we housepoor now?

Careful what you wish for. Recessions can have far reaching, unexpected, consequences.

Stock prices can become the least of one's worries.

Capitalizing on a Recession in a meaningful way via the stock market also requires a sizeable amount of liquid cash or cash equivalents on hand.
by investingdad
Mon Oct 30, 2017 8:28 am
Forum: Personal Finance (Not Investing)
Topic: we bought a house - are we housepoor now?
Replies: 195
Views: 8930

Re: we bought a house - are we housepoor now?

At the end of the day, high incomes in a HCOL area are deceptive. You're earning power isn't as strong as you want to think. A HHI of 260k with a mortgage of 630k gives a simple ratio of 0.416. That would stress me out. I don't know if the OP is genuinely concerned, or if there was an element of sat...
by investingdad
Mon Oct 30, 2017 5:56 am
Forum: Personal Finance (Not Investing)
Topic: we bought a house - are we housepoor now?
Replies: 195
Views: 8930

Re: we bought a house - are we housepoor now?

OP...sorry, I'd feelhouse poor in this situation.

My wife and I earn a bit more than you and our home cost about 360k, mortgaged 240k.

I'd choke at 500k, let alone 900k.
by investingdad
Mon Oct 23, 2017 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 164
Views: 14902

Re: Does anyone here with net worths north of $1 mil use financial advisors?

Nope.

Which is surprising because I keep reading those, "Secrets millionaire investors won't Tell You" articles and I've concluded that I'm not doing this the right way cause I don't have an army of advisors.

Oh well.
by investingdad
Fri Oct 13, 2017 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Does IRS have equivalent of credit freeze?
Replies: 20
Views: 1498

Re: Does IRS have equivalent of credit freeze?

Curious how tax-filing fraud is ever possible? The impostor not only needs your identify info, but also W-2, dividend, capital gain/loss, mortgage payment, etc., etc? Why would they need all that other information? They're not trying to file an accurate return, they're trying to file a return that ...
by investingdad
Mon Oct 02, 2017 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Is customer service my only talent?
Replies: 7
Views: 1174

Re: Is customer service my only talent?

Teacher, actor, truck driver, programming, sales...it's hard to succeed long term if you cannot remain focused.
by investingdad
Thu Sep 28, 2017 12:11 pm
Forum: Personal Consumer Issues
Topic: Meaningful wedding gift?
Replies: 20
Views: 1660

Re: Meaningful wedding gift?

My Best Man gave me a gold plated (not as expensive as it sounds) divot tool with ball marker that had the seal of our University alma mater engraved on it.

We both golf and he's the one that introduced me to the game.
by investingdad
Wed Sep 20, 2017 5:40 am
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 183
Views: 20016

Re: Let's talk about your FI # and family income [Financial Independence]

I am impressed by the house incomes ($200K ~ $400K) posted here. Where are the average Joes? There are only two of us on the whole forum. Everyone else makes bank. It's worth noting I made 33k in 1996 coming out of college, that's about the median in today's dollars. Same for my wife. We've managed...
by investingdad
Tue Sep 19, 2017 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 183
Views: 20016

Re: Let's talk about your FI # and family income [Financial Independence]

Age, 44/44
Age to retire, aiming for 53 to 55 or so
HHI, between 240k and 280k
Expenses, about 115k last year (balance was invested and paid taxes)
Desired portfolio, between 4.5 and 5 million

I'd like to pull about 3.25% as a withdrawal rate.

About half way there.
by investingdad
Mon Sep 18, 2017 6:36 pm
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 313
Views: 19241

Re: Is it really Worth it to brown bag your lunch at work?

Brown bagging early in career is a 'Career Limiting Move'. Brown bagging late in career is probably worse until you are on the early retirement list. Completely and utterly incorrect. Advancing your Career requires schmoozing, not easily done when you pull out a brown bag. A brown bag conveys 'dome...
by investingdad
Thu Sep 14, 2017 11:38 am
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 313
Views: 19241

Re: Is it really Worth it to brown bag your lunch at work?

I find that those that don't hone their networking skills in some way - be it lunch, or, as one of the above posters working out with c-suite folks - they get stuck in their jobs and are unhappy. For me, anyway, lunch out is not just tasty, but totally worth it. I know some folks who make it a poin...
by investingdad
Thu Sep 14, 2017 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Turned down for umbrella insurance
Replies: 57
Views: 5861

Re: Turned down for umbrella insurance

Our umbrella is either three or five million, I forget. Got it two years ago. Zero issues, no proof of anything. Been with the company for 28 years. When I went up to higher amount from one million, my agent did ask why. I told him to protect our assets and net worth. He said it needed home office a...
by investingdad
Tue Sep 12, 2017 2:54 pm
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 313
Views: 19241

Re: Is it really Worth it to brown bag your lunch at work?

This topic seems to resonate with a lot of folks, both positively and negatively. I would like to highlight that I'm not advocating that anyone here (or in my office) do what my wife and I have done with the whole lunch thing. I'm simply sharing what I believe the financial benefit has been to us ov...
by investingdad
Tue Sep 12, 2017 11:25 am
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 313
Views: 19241

Re: Is it really Worth it to brown bag your lunch at work?

I'm only highlighting what I believe the benefit has been to us over twenty years, your results may vary. :)
by investingdad
Tue Sep 12, 2017 11:09 am
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 313
Views: 19241

Re: Is it really Worth it to brown bag your lunch at work?

silverlitegs wrote:
Tue Sep 12, 2017 11:06 am
Great post on the financial savings. I bring my work almost everyday. One downside is networking. Do you feel not going out with everyone you are impeding your career?
Nope, networking over lunch is overrated in my opinion.
by investingdad
Tue Sep 12, 2017 11:02 am
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 313
Views: 19241

Is it really Worth it to brown bag your lunch at work?

My wife and I pretty much bring lunch from home to eat at the office every day. We've been doing this all of our respective 22 year careers to date. I've noticed in my office, some people do the same as me. And others go to our cafeteria or get take out every, and I mean EVERY, day. So I was curious...
by investingdad
Wed Sep 06, 2017 5:36 am
Forum: Personal Finance (Not Investing)
Topic: When to give resignation notice
Replies: 64
Views: 6754

Re: When to give resignation notice

My Megacorp spent the last 12 months downsizing the organization and then announced internally they were finished. Then the Engineering VP retired. The replacement came in, decided he wanted to redo the engineering organization to look the way he wanted it to and...guess what? We're back to eliminat...
by investingdad
Sun Sep 03, 2017 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Evaluating new job offer
Replies: 40
Views: 3204

Re: Evaluating new job offer

Why did you apply for the job? I applied because this is a hot company in a field that I find very interesting ... and I'm very bored with my current job. After 12 years of doing the same it's hard to keep up the interest. My personal opinion, which your should ignore if it's not right for you, is ...
by investingdad
Fri Sep 01, 2017 5:24 am
Forum: Personal Finance (Not Investing)
Topic: Another Chemical Engineer salary history
Replies: 14
Views: 2522

Re: Another Chemical Engineer salary history

I'm in Pennsylvania, not the pricey burbs of Philly though. I'm also satisfied with my work life balance and what I'm paid based on what I'm expected to do. That is an important consideration. More money to be had in management for sure, but that's not my natural strength nor is it the type of work ...
by investingdad
Thu Aug 31, 2017 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Another Chemical Engineer salary history
Replies: 14
Views: 2522

Another Chemical Engineer salary history

I only have the endpoint data to share without digging into a lot of old records. Chemical engineer, individual contributor. Low cost of living area, not Gulf Coast. Starting Salary, 1996...33k, $15 Christmas Bonus (yes, 15 bucks, what a joke, I wish I'd kept the check) Current Salary, 2017...106k, ...
by investingdad
Wed Aug 30, 2017 7:52 am
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 168
Views: 17405

Re: What should the savings be for an average professional

Here's the simple truth I've learned...the Boglehead philosophy, if executed from an early age, is one of the best ways to insulate oneself from Corporate garbage that surrounds me on a daily basis.
by investingdad
Wed Aug 30, 2017 5:40 am
Forum: Personal Consumer Issues
Topic: Bosch dishwasher?
Replies: 91
Views: 7261

Re: Bosch dishwasher?

We have a mid range Bosch as well, only about six months old. Prior Whirlpool dishwasher died after seven years, not made like they used to be. Anyway, good so far. Super quiet, which was important because the master bedroom is above the kitchen and we often run the dishwasher before going to bed. T...
by investingdad
Thu Aug 24, 2017 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: 78% Americans are living from paycheck to paycheck?
Replies: 15
Views: 2102

Re: 78% Americans are living from paycheck to paycheck?

I don't know why it's so hard to believe. I absolutely believe it. It also states "Having a higher salary doesn't necessarily mean money woes are behind you, with nearly one in 10 workers making $100,000 or more (9 percent) saying they usually or always live paycheck-to-paycheck". People have less ...
by investingdad
Tue Aug 22, 2017 9:12 am
Forum: Personal Consumer Issues
Topic: Learning an instrument as an adult...ten months later.
Replies: 166
Views: 20206

Re: Learning an instrument as an adult? 8 Month Update

I wasn't planning to update for a little while but decided to after watching a video I recorded of myself after five weeks of playing versus a video I recorded at eight months of playing this weekend. Wow. Doesn't even sound like the same instrument. At five weeks, the sound was pretty lifeless and ...
by investingdad
Fri Aug 18, 2017 5:26 pm
Forum: Personal Consumer Issues
Topic: Advice on buying a musical instrument
Replies: 24
Views: 1754

Re: Advice on buying a musical instrument

I got attached to the feel and sound of mine because it's the only one I know. So I figured, since my teacher likes how it sounds, it made sense to keep it.

When I upgrade, I'll hold into it even if just for sentimental reasons.
by investingdad
Fri Aug 18, 2017 1:27 pm
Forum: Personal Consumer Issues
Topic: Advice on buying a musical instrument
Replies: 24
Views: 1754

Re: Advice on buying a musical instrument

Just to close this out, I ended up buying the violin I've been renting. I elected to get a different bow, still composite like the one I was using but I liked the balance and feel better. He sold me both for $1200, so I'm now the owner of a Romanian violin and American bow. A little research suggest...
by investingdad
Wed Aug 16, 2017 10:46 am
Forum: Personal Finance (Not Investing)
Topic: How does personal wealth affect job hunting?
Replies: 57
Views: 7443

Re: How does personal wealth affect job hunting?

Well, what I'll say is this.

Every time the market and our portfolio ticks up, my tolerance for the big egos and corporate ladder climbers that I work with goes down.
by investingdad
Tue Aug 15, 2017 8:08 am
Forum: Personal Consumer Issues
Topic: What kind of hotel do you get on business travel?
Replies: 44
Views: 3664

Re: What kind of hotel do you get on business travel?

Typically it's Courtyard Marriott, Hilton Garden, Hampton class of hotels. Same here, plus we use Concur which is the Big Brother of booking Travel. I always look for a Embassy Suites if it's on the accepted list. I research my options because travel is an inconvenience and I've reached that point ...
by investingdad
Tue Aug 08, 2017 11:52 am
Forum: Personal Consumer Issues
Topic: Las Vegas Slot Machine Strategy (maximize entertainment value)
Replies: 31
Views: 2718

Re: Las Vegas Slot Machine Strategy (maximize entertainment value)

Man, maybe I'm just too young to realize it, but aside from the addictive nature of gambling and the false dreams of a promising reward, I have no idea why one would choose to play a slot machine for hours on end. I seriously would do anything else than sit in a dark room with lots of noisy dinging...
by investingdad
Tue Aug 08, 2017 9:49 am
Forum: Personal Consumer Issues
Topic: Learning an instrument as an adult...ten months later.
Replies: 166
Views: 20206

Re: Learning an instrument as an adult? Six Months Progress

Injury Update So I cautiously started playing again about a week ago. Kept each practice short. Happily everything was feeling good...until last night. Of all the things it was chopping up beef for dinner that restrained my wrist. :oops: So as frustrating as that was, I found that rest, stretching, ...
by investingdad
Mon Aug 07, 2017 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Collective wisdom on fraud prevention
Replies: 3
Views: 334

Re: Collective wisdom on fraud prevention

Watty wrote:You might want to add these to your list.

Freeze your credit
Never have a debit card.
My identity was stolen in a data breach and used to file a tax return in my name.

Freeze credit and Chex system. Disable phone and electronic access to social security and make it in person in office only.
by investingdad
Sat Aug 05, 2017 8:44 am
Forum: Personal Consumer Issues
Topic: Fence Boundary Issue
Replies: 24
Views: 1876

Re: Fence Boundary Issue

In the grand scheme of things, this isn't too bad. If you're going to have the fence people come back probably should just have a survey done and pins put in and be done with it. But, check first if the builder is going to do that eventually. If they are, maybe ask who they use so there's no disagre...
by investingdad
Fri Aug 04, 2017 10:58 am
Forum: Personal Consumer Issues
Topic: Fence Boundary Issue
Replies: 24
Views: 1876

Re: Fence Boundary Issue

I hate posting a question on here thinking in going to get vindication for what I'm thinking only to find everyone disagrees with me. It's happened more times than I'd like to admit. Unfortunately, OP, I'm going to have to do just that to you. Sorry! Relying on sod rather than pins from a survey not...
by investingdad
Fri Aug 04, 2017 6:36 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 276
Views: 25876

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

We are 44 now.

Targeting anywhere from 52 to 56.

If we get to $5 million or more, I think we are set. If we get to $4 million, I'll have to plan carefully.

In the middle of that are varying degrees of what I think will work.

We are on track, I think, to hit that range.
by investingdad
Mon Jul 31, 2017 6:46 am
Forum: Personal Consumer Issues
Topic: What kind of cleaning service do you use?
Replies: 15
Views: 1722

Re: What kind of cleaning service do you use?

We thought about a cleaning service, but I guess I'm just paranoid about somebody in the house while we are not home.