Search found 2792 matches

by kenyan
Tue Apr 26, 2016 9:37 am
Forum: Personal Finance (Not Investing)
Topic: mortgage pre payment, why?
Replies: 101
Views: 9795

Re: mortgage pre payment, why?

In Canada, mortgage lending seems to be a lot different. We do not get 30 year fixed mortgages. Instead we normally get 5 year terms with either a fixed or variable interest rate. Every 5 years we have to "renew" our mortgage. So there is greater "interest rate risk," I think. A...
by kenyan
Wed Apr 13, 2016 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: POLL: My home is worth less/more in 2014 than in 2007?
Replies: 97
Views: 8304

Re: POLL: My home is worth less/more in 2014 than in 2007?

No website is going to be that reliable; they just don't have the ability to take enough into account that an appraiser would. You might get +/- 10%, but sometimes not even that close. For what it's worth, I use the average of Trulia, Redfin, Ziprealty, and Zillow in my net worth estimator. That is ...
by kenyan
Sat Apr 02, 2016 2:17 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 anyone?
Replies: 279
Views: 17350

Re: Tesla Model 3 anyone?

I'm skeptical of various things, but I did put down a deposit yesterday morning. The release timeline fairly well matches when I was planning on getting a new car (current car 9 years old), and I had been planning on a mini-splurge for that car (CPO Audi, BMW, Mercedes around $40k). I put down the d...
by kenyan
Tue Mar 29, 2016 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Investing Young + LBYM = No Corp Ladder
Replies: 92
Views: 7977

Re: Investing Young + LBYM = No Corp Ladder

KlangFool makes a good point. Where I work, the management track only has a small premium in base salary over the equivalent technical track titles. the difference is in the bonuses and stock/RSU awards (both tracks get them above senior level but the bonus are larger in mgt track). At the senior l...
by kenyan
Tue Mar 29, 2016 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Investing Young + LBYM = No Corp Ladder
Replies: 92
Views: 7977

Re: Investing Young + LBYM = No Corp Ladder

Interesting discussion. I'm at the point in my career (engineering) where I'm nearing the peak of where I can be promoted to and remain primarily technical. Further career advances will most likely require getting in to management, which I've assumed is the next step. I do have the necessary "p...
by kenyan
Tue Mar 29, 2016 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Cheaper to trade-in for new truck !?! Is there a free lunch here?
Replies: 23
Views: 2030

Re: Cheaper to trade-in for new truck !?! Is there a free lunch here?

In addition to losing $6500 right off the bat, your friend is going to have to pay tax, title, license, and any other fees. That could be several thousand dollars, depending upon where you live. I would not say that losing ten grand is a free lunch. Trading in a two-year-old truck is a bad, bad idea...
by kenyan
Mon Mar 28, 2016 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Pay Off Student Loans or Mortgage?
Replies: 5
Views: 591

Re: Pay Off Student Loans or Mortgage?

What are the rates?

Your student loans could easily be anywhere from ~1.5% to 7%, and your mortgage might be between 2.5-5%. There are other considerations (behavioral, cash flow, etc.), but those numbers are material to this decision.
by kenyan
Thu Mar 24, 2016 9:51 am
Forum: Investing - Help with Personal Investments
Topic: Converting to Boglehead investing
Replies: 8
Views: 699

Re: Converting to Boglehead investing

I am age 60, and have a pretty large portfolio (> $1M). I plan to retire in about 1 year (but I may work part-time)... Almost all of my assets are in Fidelity right now, and follow a "Dogs of the Dow" or Dividend Growth style of investing. Most of the money is in individual stocks, but I ...
by kenyan
Tue Mar 22, 2016 10:00 am
Forum: Personal Finance (Not Investing)
Topic: How much is your allowance?
Replies: 40
Views: 3442

Re: How much is your allowance?

We use a discretionary spending "allowance," budgeted in YNAB. Right now, it's pegged at $75/month each, and will increase with things like personal gifts or perhaps with the occasional mini-windfall. It was $50/month until about a year ago, when we had some fairly substantial income incre...
by kenyan
Mon Mar 21, 2016 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: 529 - Maryland or Utah
Replies: 11
Views: 622

Re: 529 - Maryland or Utah

I would probably suggest going with MD and if they get to the point where they have a substantial amount ($50-60k) then they can decide to roll it over to Utah. MD does not (as of now at least) have any recapture provision for people pulling money out that was previously deductible. This. Start wit...
by kenyan
Thu Mar 17, 2016 3:14 pm
Forum: Personal Consumer Issues
Topic: Well, I caved [bought new car]
Replies: 38
Views: 4767

Re: Well, I caved [bought new car]

Certainly nothing wrong with a new car. Yes a perfect Boglehead world would be to buy a 2-3 y/o off lease Toyota and drive it for 200K miles needing nothing but tires and oil. Nah, 2-3 y/o off-lease Toyotas and Hondas are still pretty expensive. I've noticed that year end/clearance deals for older ...
by kenyan
Mon Mar 07, 2016 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Buy House Now or Later?
Replies: 29
Views: 1643

Re: Buy House Now or Later?

I would echo what others have said. Don't jump into a condo/townhouse just to "get on the ladder," knowing that you have to sell/move again in 5 years. You will likely 'waste' more money in closing costs, realtor fees, PMI, extra utilities, condo fees, mortgage interest, property taxes, in...
by kenyan
Sun Mar 06, 2016 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: How much should a 40 year old have saved for retirement?
Replies: 41
Views: 7121

Re: How much should a 40 year old have saved for retirement?

if the country club couple were forced to subsist on 40k per year, they would probably not describe that as "comfortable." They also probably would not describe their current lifestyle as "lavish." I'm not concerned how the current 40 year old defines lavish versus comfortable. ...
by kenyan
Sun Mar 06, 2016 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: How much should a 40 year old have saved for retirement?
Replies: 41
Views: 7121

Re: How much should a 40 year old have saved for retirement?

Not enough information; define comfortable retirement in annual dollar amounts. Tell us what the 40 year currently has saved, tell us what the 40 year makes per year in annual salary. I don't have a definition for dollars that it takes for a "comfortable" retirement.... I don't see how cu...
by kenyan
Tue Mar 01, 2016 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Why invest in Bonds in this environment
Replies: 21
Views: 2818

Re: Why invest in Bonds in this environment

CDs/cash instead of bonds is a reasonable proposition, as long as it's a 1:1 substitution or close to it. Anything else, and you're really talking about a different risk profile. For what it's worth, "inevitable rising rates" have been inevitable for about 6 years now, give or take a coupl...
by kenyan
Tue Feb 23, 2016 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage principle pay down with family loan
Replies: 32
Views: 1997

Re: Mortgage principle (sic) pay down with family loan

Your mortgage interest is tax deductible. So if you are in the 20% tax bracket your 3.875% loan is essentially 3.1%. I'm not sure it's worth the hassle and possible bad family relations to save 0.1% There is no 20% tax bracket but your example still illustrates my earlier comment. In the 25% bracke...
by kenyan
Fri Feb 19, 2016 1:57 pm
Forum: Personal Consumer Issues
Topic: What video games are you currently playing?
Replies: 220
Views: 17187

Re: What video games are you currently playing?

Finished a playthrough of Fallout 4; very entertaining. Life has become very busy, but I'm trying to carve out an average of an hour a day (less on weekdays; sometimes can make up for it on the weekend). I never managed to finish Fallout 3 or New Vegas, but this one grabbed me a bit more. I'm curren...
by kenyan
Fri Feb 19, 2016 1:28 am
Forum: Personal Consumer Issues
Topic: Simple.tv or other DVR Recommendations
Replies: 12
Views: 1102

Re: Simple.tv or other DVR Recommendations

We tried the Tablo TV for OTA channels when we were cutting the cord, which I believe has a similar architecture to Simple.tv. It was very disappointing; far too much buffering and sluggish response. I'm happy with our Channel Master DVR+. No cost after our initial $175 purchase (+ $40 for a hard dr...
by kenyan
Fri Feb 19, 2016 1:17 am
Forum: Personal Consumer Issues
Topic: Trip to LA for 5 days
Replies: 30
Views: 1885

Re: Trip to LA for 5 days

JupiterJones wrote:How about Legoland?

http://www.legoland.com/california/


At least for our kids (4.5 and 2.5 when we visited), Legoland was a much bigger hit than Disneyland. It's much better for that age range IMO, though 6 is probably old enough to enjoy Disneyland. I suppose it depends upon the kid.
by kenyan
Mon Feb 15, 2016 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Outside Perspective of Home Purchase
Replies: 12
Views: 1045

Re: Outside Perspective of Home Purchase

I think you have the income to support it (on a macro level), but probably should get your financial house in order first. You have a fair amount of debt, and not enough of a down payment. I can't really comment on whether the house is expensive, as you say; it depends upon where you live and what a...
by kenyan
Wed Jan 27, 2016 7:01 pm
Forum: Personal Consumer Issues
Topic: perfectly happy with cable
Replies: 131
Views: 7725

Re: perfectly happy with cable

Kudos to those who are happy with their cable at the price point they pay. We were not, and I'm much happier now with the price we pay. $9/month Netflix + $4/month Ooma for phone + $50/month cable internet. OTA DVR (free) for major networks + Netflix + Amazon Prime (we were already paying before tur...
by kenyan
Sun Nov 08, 2015 3:01 pm
Forum: Investing - Theory, News & General
Topic: Putting Active Management to the Test
Replies: 111
Views: 15560

Re: Putting Active Management to the Test

Thanks for following up on this. Much more interesting to see the results of actual, documented predictions, fairly judged, than someone's backtesting or anecdotes.
by kenyan
Sat Aug 29, 2015 7:09 pm
Forum: Investing - Theory, News & General
Topic: Aug 2015 correction: what Bogleheads did...
Replies: 143
Views: 10506

Re: Aug 2015 correction: what Bogleheads did...

I would have rebalanced, had I not been on a business trip. For one thing, I was too busy to log in and figure out what needed to be done; for another thing, I make it a point never to log in to my secure financial accounts over various brands of hotel wi-fi or other connections with dubious securit...
by kenyan
Wed Aug 19, 2015 10:29 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 2895
Views: 603084

Re: U.S. stocks in freefall

The thread title references U.S. stocks, but is it worth mentioning that Emerging Market stocks have fulfilled some people's definition of a 'bear market' over the past few months? VWO (Vanguard EM index ETF) is down almost 23% since late April (per the current intraday price).
by kenyan
Wed Aug 12, 2015 10:39 am
Forum: Investing - Theory, News & General
Topic: Is VWO the best fund for EM?
Replies: 20
Views: 2304

Re: Is VWO the best fund for EM?

Guy who stands to make money by selling you something recommends that you buy that thing, while purportedly offering you reasonable, unbiased advice. Make your own conclusions.
by kenyan
Mon Aug 10, 2015 2:13 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 2895
Views: 603084

Re: U.S. stocks in freefall

Foreign stocks are still ahead of domestic stocks for the year, even in US dollars. Emerging markets are the laggards, but Total International is still beating TSM.
by kenyan
Mon Aug 10, 2015 2:10 pm
Forum: Personal Consumer Issues
Topic: SUV advice
Replies: 119
Views: 9960

Re: SUV advice

Mazda CX 5, Hyundai Santa Fe Sport 2.0t, Nissan Pathfinder, and Kia Sorento all have incredible discounts on slightly used cars. The Kia Sorento Limited has a ridiculous drop in value. I see 2015 you can build for $41k fully loaded. You can get fully loaded 8k miles for $34k. Sounds like a great ba...
by kenyan
Mon Aug 10, 2015 9:08 am
Forum: Personal Consumer Issues
Topic: SUV advice
Replies: 119
Views: 9960

Re: SUV advice

Interesting that the OP asked about mid- to full-size SUVs and got a bunch of advice about small CUVs, or minivans. We did our search for a family-friendly car after our second was born, not before the first was born. Buying more car before you need it could just be additional, unnecessary expense (...
by kenyan
Mon Aug 10, 2015 8:49 am
Forum: Personal Consumer Issues
Topic: Should I buy a car?, baby on the way.
Replies: 28
Views: 2250

Re: Should I buy a car?, baby on the way.

Peterjens wrote:I have no experience with this but I thought of how inconvenient it would be waiting for mass transit in the winter if you live anywhere other than southern California.


On the other hand, if you do live in southern California, the wait for mass transit might be a few decades rather than 15 minutes.
by kenyan
Fri Aug 07, 2015 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: 24 Year Old just starting to plan for retirement... Need Advice!!
Replies: 17
Views: 738

Re: 24 Year Old just starting to plan for retirement... Need Advice!!

Welcome to the forum, and it sounds like you wandered here just in time! I would certainly echo all of the negative things said about whole life/permanent life insurance by the other posters. Run away from that so-called adviser who is looking out for his own interests only; he has given you terribl...
by kenyan
Fri Aug 07, 2015 9:10 am
Forum: Personal Consumer Issues
Topic: I want to stop paying for Bright House cable modem
Replies: 23
Views: 2911

Re: I want to stop paying for Bright House cable modem

Our charge went from $0, then quietly to $4, then to $6. I believe that it is now $10, though we purchased our own modem 3 years ago. You definitely need to watch for all of these little hidden surcharges, which provided a lot of the impetus for me to leave pay-TV. Receiver fee + HD fee + local spor...
by kenyan
Thu Aug 06, 2015 11:06 am
Forum: Personal Consumer Issues
Topic: iPad - usefulness?
Replies: 53
Views: 4441

Re: iPad - usefulness?

I've tried to use mine for various purposes, both business and personal. Where it has settled into its niche for me as the ideal device is primarily in personal usage, with the most beneficial applications being Netflix/Amazon Video while lying in bed and/or traveling, web browsing/referencing/fiddl...
by kenyan
Mon Aug 03, 2015 5:39 pm
Forum: Investing - Theory, News & General
Topic: Malkiel on Chinese Stock Markets
Replies: 18
Views: 2493

Re: Malkiel on Chinese Stock Markets

Basically my thoughts. Malkiel is not a credible source for unbiased investing advice any longer; he has very strong personal interests in emerging markets, particularly China, and is constantly trying to push those interests. Professional investors in X have a much stronger incentive to gather inf...
by kenyan
Wed Jul 29, 2015 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Opening a Vanguard Simple IRA
Replies: 10
Views: 419

Re: Opening a Vanguard Simple IRA

There are two types of SIMPLE IRA plans: A 5305-SIMPLE requires you to use the designated financial institution (though there are some workarounds), and a 5304-SIMPLE allows the employee to select the provider. If your employer is ok with you choosing a different provider, you must be covered by a 5...
by kenyan
Wed Jul 29, 2015 11:05 am
Forum: Investing - Help with Personal Investments
Topic: Opening 529 for children, ages 12, 9, and 4
Replies: 14
Views: 1960

Re: Opening 529 for children, ages 12, 9, and 4

I'm a little confused as I thought all 529s were state-based. When people say they are opening up a 529 at Vanguard, is it implied that the Vanguard 529 is associated with the state of Nevada? I think I read this on the Vanguard website, but wasn't sure. That being said, and if that is true, how do...
by kenyan
Wed Jul 29, 2015 8:33 am
Forum: Investing - Theory, News & General
Topic: Malkiel on Chinese Stock Markets
Replies: 18
Views: 2493

Re: Malkiel on Chinese Stock Markets

Malkiel has become this super bull on China which has made him neglect all the ordinary rules of investments about diversification, corporate governance etc. China's economy is a superstar and may well stay so. That does not mean its stock market is good value or should be overweighted. Malkiel kno...
by kenyan
Tue Jul 28, 2015 4:51 pm
Forum: Investing - Theory, News & General
Topic: A bit of gold?
Replies: 45
Views: 2829

Re: A bit of gold?

I have been running some portfolio simulations with portfoliovisualizer.com and it looks like since 1972, adding gold to one's portfolio improve D returns and reduce D volatility. Fixed it for you. Now, you need to decide if the future will hold the same as the past. You may want to try this again ...
by kenyan
Tue Jul 28, 2015 4:44 pm
Forum: Investing - Theory, News & General
Topic: Why is stock market so reactionary to news on daily basis?
Replies: 46
Views: 3226

Re: Why is stock market so reactionary to news on daily basis?

Your question should be: Why is the news so reactionary to the stock market movement on a daily basis? The answer is: to get clicks/readers. The media is making up theories to justify the movement (in most cases). When there is legitimate news that affects future economic prospects (say, war breaks ...
by kenyan
Mon Jul 27, 2015 9:32 am
Forum: Investing - Help with Personal Investments
Topic: What advice would you give...Salary bumping up from 37k to 45k annually
Replies: 15
Views: 1616

Re: What advice would you give...Salary bumping up from 37k to 45k annually

Hi, What is the one piece of advice you would give someone in their mid-thirties whose salary is going up from $37,000 a year to $45,000 starting on a new job next Monday? I have been busy with interviews last month and while one option didn't come through, another door opened and I have a new job ...
by kenyan
Mon Jul 27, 2015 9:19 am
Forum: Investing - Help with Personal Investments
Topic: Need a Piece of Evidence on the Boglehead Strategy
Replies: 34
Views: 3219

Re: Need a Piece of Evidence on the Boglehead Strategy

Also, I'm in full concurrence with Taylor that it's mind-boggling that your adviser is charging you both a 5.75% load and a 1% AUM (assets under management) fee. That's on top of whatever recurring expenses there are in the funds you're in, which are also doubtless higher than you could get at Vangu...
by kenyan
Mon Jul 27, 2015 9:11 am
Forum: Investing - Help with Personal Investments
Topic: Need a Piece of Evidence on the Boglehead Strategy
Replies: 34
Views: 3219

Re: Need a Piece of Evidence on the Boglehead Strategy

Just a thought on performance... Not sure if this is how companies calculate performance, but I suspect it is true. I would guess when you get statements saying that your portfolio has x%, that is based on the numbers after the load has been taken out. So if you put $100 in, but they have 5% load, ...
by kenyan
Sun Jul 26, 2015 10:47 am
Forum: Investing - Help with Personal Investments
Topic: Opening 529 for children, ages 12, 9, and 4
Replies: 14
Views: 1960

Re: Opening 529 for children, ages 12, 9, and 4

A Growth Index isn't necessarily more aggressive than a broader index like the 500. It concentrates its investments in a particular sector of the market - growth stocks are those companies that may be looking to increase the size of their business, but trade at a higher price relative to their earni...
by kenyan
Wed Jul 22, 2015 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: Opening 529 for children, ages 12, 9, and 4
Replies: 14
Views: 1960

Re: Opening 529 for children, ages 12, 9, and 4

There are plenty of plans with low minimum investments, so that's not a reason to go with the Alaska plan, which is quite a bit higher-fee than I'd prefer paying (cheapest non-cash option is 0.50%, with most options ~0.80%, plus an annual account fee). California has the cheapest options for broad d...
by kenyan
Wed Jul 22, 2015 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Can You Contribute to Parents Roth IRA?
Replies: 39
Views: 3748

Re: Can You Contribute to Parents Roth IRA?

JustinCC wrote:Would you be able to deduct after-tax contributions for a Roth even to lower the AGI?


Only deductible contributions will lower your AGI. Nothing after tax.
by kenyan
Tue Jul 21, 2015 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Can You Contribute to Parents Roth IRA?
Replies: 39
Views: 3748

Re: Can You Contribute to Parents Roth IRA?

They might even be eligible for a 10-20% Saver's Credit on $2k each come tax time. http://www.irs.gov/Retirement-Plans/Plan-Participant,-Employee/Retirement-Topics-Retirement-Savings-Contributions-Credit-(Saver%E2%80%99s-Credit) Thanks for this tip. They definitely could have used this in the past ...
by kenyan
Mon Jul 20, 2015 9:02 am
Forum: Investing - Theory, News & General
Topic: VBILX vs VBTLX for 3 fund portfolio
Replies: 21
Views: 3555

Re: VBILX vs VBTLX for 3 fund portfolio

Do you want more corporate bonds or not? Do you want ~25% mortgage-backed securities like Total Bond has? Intermediate Index also has a slightly higher duration, and a slightly higher yield than Total Bond. Total Bond also has a range of maturities, versus all intermediate bonds. These are the facto...
by kenyan
Sat Jul 18, 2015 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Help switching to Backdoor Roth IRA
Replies: 4
Views: 426

Re: Help switching to Backdoor Roth IRA

I would max both spouses 401k to the pretax limit of 18k employee contribution (employer contribution is in addition) I would personally max 401k before doing a backdoor or any roth. lafder I would as well. Given that your income has increased by 250%, I think you should just max everything out now...
by kenyan
Sat Jul 18, 2015 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Help switching to Backdoor Roth IRA
Replies: 4
Views: 426

Re: Help switching to Backdoor Roth IRA

For a married couple filing joint returns, the direct maximum contribution limit for income is $183,000 this year (phased out completely $193,000). Note that the correct number to use is MAGI, Modified Adjusted Gross Income. Slight difference between that an AGI - MAGI is either the same or higher. ...
by kenyan
Sat Jul 18, 2015 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: Need help deciding whether to roll over old 401k
Replies: 3
Views: 295

Re: Need help deciding whether to roll over old 401k

The main benefits of keeping your old 401k are (1) Many states have greater protections from lawsuits/judgments for 401k plans than for IRAs; (2) Your plan may have some superior options that aren't available in IRAs (e.g. Institutional Class funds, Stable Value funds, etc.) I don't know the answer ...
by kenyan
Sat Jul 18, 2015 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Can You Contribute to Parents Roth IRA?
Replies: 39
Views: 3748

Re: Can You Contribute to Parents Roth IRA?

As long as they have earned income that matches or exceeds what you put in each parent's Roth IRA, it doesn't much matter where the money comes from. As clergy, does your father's income count as earned income? That is, does the IRS tax it? Google tells me that most clergy income is taxed, so perhap...

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