Search found 1788 matches

by knpstr
Wed Nov 22, 2017 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Advice to become wealthy
Replies: 58
Views: 4746

Re: Advice to become wealthy

How to become wealthy? Save more than you spend. Earn more. How you earn your money is another matter, but it's not likely to be coming from excess gains in shrewd day-trading or other securities trading . I would suggest focusing on your career and income there. Maybe some other ideas here: https:...
by knpstr
Wed Nov 22, 2017 3:51 pm
Forum: Investing - Theory, News & General
Topic: Roth IRA Contributions: Still make sense for us?
Replies: 10
Views: 577

Re: Roth IRA Contributions: Still make sense for us?

This is coming up because a friend told me "Based on your income you should not be contributing to a Roth IRA" Your friend is confused or you miscommunicated. What your friend probably means is that "based on your income you should not be contributing to Roth 401k". That would be correct and that i...
by knpstr
Wed Nov 22, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 12903

Re: Dave Ramsey says don't use credit cards, even if you pay them off

This is just a small sample from 5 minutes worth of googling; by no means even scratching the surface >8 Health benefits of drinking wine: http://www.foodandwine.com/articles/8-health-benefits-of-drinking-wine >Sharecare (formally realage.com) gives you extra life (i believe close to a year) if you...
by knpstr
Wed Nov 22, 2017 8:32 am
Forum: Personal Consumer Issues
Topic: Best Basic DESKTOP?
Replies: 46
Views: 2301

Re: Best Basic DESKTOP?

I've always been happy with both Dell and HP products.
by knpstr
Tue Nov 21, 2017 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 12903

Re: Dave Ramsey says don't use credit cards, even if you pay them off

What DRIVES ME NUTs about his credit card advice is he says over and over "No one has gotten wealthy with credit card points / rewards". He misses the point when people call and ask him about this. They aren't asking if CCs will make you wealthy. They ask if it is okay to pay off the CCs monthly an...
by knpstr
Tue Nov 21, 2017 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 12903

Re: Dave Ramsey says don't use credit cards, even if you pay them off

I've read that 1-2 glasses of red wine a day for men, and up to 1 glass a day for women is healthier than 0 glasses. So not only, not harmful, but beneficial. And one of the two benefits is the alcohol units itself. Cursory google searches would provide credible sources for this (if you insist, I c...
by knpstr
Tue Nov 21, 2017 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 12903

Re: Dave Ramsey says don't use credit cards, even if you pay them off

It's good advice for someone who's been bankrupt due to excessive debt to avoid using debt, just like it's good advice for a recovering alcoholic to avoid drinking alcohol all-together. However, there are also some of us that are responsible with debt and are not alcoholics, so the same advice does...
by knpstr
Tue Nov 21, 2017 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 12903

Re: Dave Ramsey says don't use credit cards, even if you pay them off

A person can have no debt and have negative net worth or they can have 20,000 debt and be worth $10 million dollars. That much is obvious (well except having a negative net worth and no debt). Perhaps I wasn't clear. His position of "no debt" is not purely for financial reasons (his own experience)...
by knpstr
Mon Nov 20, 2017 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 12903

Re: Dave Ramsey says don't use credit cards, even if you pay them off

On principle, he preaches for one to eliminate and then avoid ALL debt.

Credit cards (even paid in full monthly) is still technically debt.
by knpstr
Mon Nov 20, 2017 9:00 am
Forum: Personal Finance (Not Investing)
Topic: The valet smashed my Tesla into a brick wall!
Replies: 102
Views: 10662

Re: The valet smashed my Tesla into a brick wall!

It stunk when my Prius was new I got rear-ended within 3 months of it coming off the dealer's lot. 10 years later, still driving it and it still behaves just fine, looking at it you'd never know it happened. The at fault person (actually a company truck hit me) insurance covered the repairs and rent...
by knpstr
Sat Nov 18, 2017 8:57 am
Forum: Personal Consumer Issues
Topic: Water Heater Install $1,800!
Replies: 67
Views: 8509

Re: Water Heater Install $1,800!

That is the price I got quoted for 50-gal powervent purchase, install, haul away. Think that was $1,850 and I know the powervent models tend to run more expensive than the passive ones.

Ended up just getting a spare powervent from a contractor I use for my rentals for $100
by knpstr
Fri Nov 17, 2017 3:52 pm
Forum: Personal Consumer Issues
Topic: Tesla truck unveil
Replies: 101
Views: 6103

Re: Tesla truck unnveil

The semi-truck seems like a pretty major investment in a segment with very discriminating customers and very long life expectancies - often in excess of 1 million miles. Tesla "claims" the semis will pay for themselves ($200,000) in 2 years, due to fuel/maintenance savings. Interesting the the Semi...
by knpstr
Fri Nov 17, 2017 3:45 pm
Forum: Personal Consumer Issues
Topic: Tesla truck unveil
Replies: 101
Views: 6103

Re: Tesla truck unnveil

The roadster's torque is listed as 10,000 Nm ?!?

A Bugatti Chiron has "only" 1,600 Nm

That's crazy.
by knpstr
Wed Nov 15, 2017 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 179
Views: 14706

Re: Why pay cash for a car?

Many times paying cash "forces" one to buy a less expensive car than they otherwise would have when just looking at payment size; which is a good thing in my opinion. That sounds a lot like you need to pay cash because it serves as a replacement for planning and self control. Absolutely, when you s...
by knpstr
Wed Nov 15, 2017 9:44 am
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 179
Views: 14706

Re: Why pay cash for a car?

Many times paying cash "forces" one to buy a less expensive car than they otherwise would have when just looking at payment size; which is a good thing in my opinion. That sounds a lot like you need to pay cash because it serves as a replacement for planning and self control. Absolutely, when you s...
by knpstr
Wed Nov 15, 2017 8:15 am
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 179
Views: 14706

Re: Why pay cash for a car?

Many times paying cash "forces" one to buy a less expensive car than they otherwise would have when just looking at payment size; which is a good thing in my opinion.
by knpstr
Tue Nov 14, 2017 9:10 am
Forum: Personal Consumer Issues
Topic: IPHONE 8, X
Replies: 39
Views: 2119

Re: IPHONE 8, X

Cash wrote:
Tue Nov 14, 2017 6:17 am
Not really sure why anyone would get an 8 over an X.
My wife says because the X doesn't come in Gold or Rose Gold.
by knpstr
Tue Nov 14, 2017 9:08 am
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 73
Views: 7320

Re: GE and the myth of "safe blue-chip stocks"

Their are many "blue-chip" stocks that are no more, for one reason or another. Companies usually don't last forever.

That being said: Bogleheads should rejoice, GE CFO says the dividend cut is to focus more on "total return" for shareholders.
by knpstr
Wed Nov 08, 2017 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Talk me out of a barbelling / Larry-type portfolio
Replies: 22
Views: 1261

Re: Talk me out of a barbelling / Larry-type portfolio

Seems incredibly risky to hold 60% of your long-term funds in bonds.
by knpstr
Sun Nov 05, 2017 8:52 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey sounded like a Boglehead today (Nov 2 2017)
Replies: 33
Views: 5512

Re: Dave Ramsey sounded like a Boglehead today (Nov 2 2017)

1. I max out my 401k --> A Boglehead move 2. I do backdoor Roth IRAs --> A Boglehead move (** actually surprised he mentioned this as it's confusing and income bracket specific) 3. The rest of my extra money I put in a "no-load" S&P500 index fund --> A Boglehead move. 4. When my index fund gets big...
by knpstr
Fri Nov 03, 2017 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Should I decline Grand Prize trip because of taxes on winnings?
Replies: 93
Views: 8346

Re: Should I decline Grand Prize trip because of taxes on winnings?

Weird how you wouldn't want to take advantage of the opportunity given how you describe it. To be fair, a trip valued at $9,000 would normally "cost" $13,000 given your tax estimate. (since you'd have to make $13,000 at your tax rate to have $9,000 left over after tax to spend on a trip) So, would y...
by knpstr
Fri Nov 03, 2017 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle
Replies: 10
Views: 1666

Re: Side Hustle

Our "side hustle" is rental real estate.
by knpstr
Thu Nov 02, 2017 10:06 am
Forum: Personal Consumer Issues
Topic: Do you Mow your own Lawn?
Replies: 90
Views: 2933

Re: Do you Mow your own Lawn?

I mow my own lawn.
by knpstr
Thu Nov 02, 2017 9:15 am
Forum: Investing - Theory, News & General
Topic: Buffett "Key Indicator" near dangerous all-time high...
Replies: 73
Views: 8925

Re: Buffet "Key Indicator" near dangerous all-time high...

So 10% in bond won't help you in down market. You still draw RMD form 90% portion if market is down. However, it is not clear at what point one should switch from what account they withdrawal from. After the market drops 10% from previous peak? After 20%? Who knows. Strangely enough, the net withdr...
by knpstr
Thu Nov 02, 2017 6:56 am
Forum: Investing - Theory, News & General
Topic: Buffett "Key Indicator" near dangerous all-time high...
Replies: 73
Views: 8925

Re: Buffet "Key Indicator" near dangerous all-time high...

They get reduced to extremes because 100% of equities in the S&P500 is an extreme asset allocation, with extreme home bias. One can avoid such extreme comparisons by diversifying. Should I say: "Fortunately I never said that, if you look back at my statements." Of course it is worth noting however ...
by knpstr
Wed Nov 01, 2017 6:49 pm
Forum: Investing - Theory, News & General
Topic: Buffett "Key Indicator" near dangerous all-time high...
Replies: 73
Views: 8925

Re: Buffet "Key Indicator" near dangerous all-time high...

They get reduced to extremes because 100% of equities in the S&P500 is an extreme asset allocation, with extreme home bias. One can avoid such extreme comparisons by diversifying. Should I say: "Fortunately I never said that, if you look back at my statements." Of course it is worth noting however ...
by knpstr
Wed Nov 01, 2017 3:51 pm
Forum: Investing - Theory, News & General
Topic: Buffett "Key Indicator" near dangerous all-time high...
Replies: 73
Views: 8925

Re: Buffet "Key Indicator" near dangerous all-time high...

So 10% in bond won't help you in down market. You still draw RMD form 90% portion if market is down. When one [has] a flexible withdrawal rate of 3-4% having 10% in cash allows one to withdrawal solely from that for 2.5 year to 3.3 years. That should very much "help". Previous SWR discussion have s...
by knpstr
Wed Nov 01, 2017 1:38 pm
Forum: Investing - Theory, News & General
Topic: Buffett "Key Indicator" near dangerous all-time high...
Replies: 73
Views: 8925

Re: Buffet "Key Indicator" near dangerous all-time high...

So 10% in bond won't help you in down market. You still draw RMD form 90% portion if market is down. When one is a flexible withdrawal rate of 3-4% having 10% in cash allows one to withdrawal solely from that for 2.5 year to 3.3 years. That should very much "help". Previous SWR discussion have show...
by knpstr
Wed Nov 01, 2017 11:59 am
Forum: Investing - Theory, News & General
Topic: Buffett "Key Indicator" near dangerous all-time high...
Replies: 73
Views: 8925

Re: Buffet "Key Indicator" near dangerous all-time high...

Suppose you have 90/10 in your 401k and you need to take RMD, how is RMD going to be taken from from 90 or 10? Do you have to sell cheap if the market is bad? As far as RMD's go you have to withdraw whatever amount by law. If that amount exceeds the amount you wanted to withdrawal for living expens...
by knpstr
Wed Nov 01, 2017 8:09 am
Forum: Personal Finance (Not Investing)
Topic: I'm fairly young but done with saving money
Replies: 75
Views: 9417

Re: I'm fairly young but done with saving money

At what point does it make sense to just say: screw it, I don't need to worry about saving money anymore. To retire, we will need about 2M in net worth. I'd say when you reach 2M. I'm not a "bear" in the market, but it is possibly to have another 50% drop at any moment, in which case you would "onl...
by knpstr
Tue Oct 31, 2017 9:19 pm
Forum: Local Chapters and Bogleheads Community
Topic: To Avatar or not to Avatar . . how did you choose or not choose?
Replies: 115
Views: 5209

Re: To Avatar or not to Avatar . . how did you choose or not choose?

Went to school at Michigan State (fun fact: during those years joined the investment club and we took a trip to meet Warren Buffett in Omaha), so consider myself a Spartan. I also enjoy watching the football/basketball games each year.

Go Green! :beer
by knpstr
Tue Oct 31, 2017 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?
Replies: 76
Views: 6378

Re: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?

Yes this is "safe" insofar even if a paper check was sent the same info was given. If someone wants to steal from you, this information could be used against you, in the same way this very info can be given to utility companies to have them pull funds. However, it would not be hard to trace what hap...
by knpstr
Tue Oct 31, 2017 8:27 pm
Forum: Investing - Theory, News & General
Topic: Buffett "Key Indicator" near dangerous all-time high...
Replies: 73
Views: 8925

Re: Buffet "Key Indicator" near dangerous all-time high...

Saying that 90/10 S&P500/Treasuries will do fine is not the same as saying NOT to invest in U.S. or small caps (I agree it will do fine; yet I invest in both of those). This is another point that is often missed about Buffettisms. The person above said it was never made clear "...whether the truste...
by knpstr
Tue Oct 31, 2017 8:13 pm
Forum: Investing - Theory, News & General
Topic: Buffett "Key Indicator" near dangerous all-time high...
Replies: 73
Views: 8925

Re: Buffet "Key Indicator" near dangerous all-time high...

To take just one, Buffett never said "volatility is not risk." Warren Buffett's 2014 Letter to shareholders, pg.18 paragraph 7: "Volatility is far from synonymous with risk." Yes. That is quite a different statement. And the context is important, too: That lesson has not customarily been taught in ...
by knpstr
Tue Oct 31, 2017 7:14 pm
Forum: Investing - Theory, News & General
Topic: Buffett "Key Indicator" near dangerous all-time high...
Replies: 73
Views: 8925

Re: Buffet "Key Indicator" near dangerous all-time high...

Saying that 90/10 S&P500/Treasuries will do fine is not the same as saying NOT to invest in U.S. or small caps (I agree it will do fine; yet I invest in both of those). This is another point that is often missed about Buffettisms. The person above said it was never made clear "...whether the truste...
by knpstr
Tue Oct 31, 2017 6:49 pm
Forum: Investing - Theory, News & General
Topic: Buffett "Key Indicator" near dangerous all-time high...
Replies: 73
Views: 8925

Re: Buffet "Key Indicator" near dangerous all-time high...

IMPORTANT: this is someone named Shawn Langlois talking, not Warren Buffett . It may well be correct that Warren Buffett once described his favorite market indicator as "the best single measure of where valuations stand at any given moment" and that when the metric exceeds certain levels, like it d...
by knpstr
Sat Oct 28, 2017 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: Early-retired 35 year old with $1 million
Replies: 198
Views: 18617

Re: Early-retired 35 year old with $1 million

Even if you don't "retire" the good news is you don't need to save any more money.

At age 55 your $1M will likely be over $4M even if you contribute $0 from now until then.

:beer
by knpstr
Fri Oct 27, 2017 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 14637

Re: 2018 ACA rates now live....

... It's AGI but you add back any tax-exempt income that wasn't counted. Here's a complete list. PJW Yes, and for those that don't want to click here are the "steps" from healthcare.gov How to make an estimate of your expected income Step 1. Start with your household’s adjusted gross income (AGI) f...
by knpstr
Fri Oct 27, 2017 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 14637

Re: 2018 ACA rates now live....

unclescrooge wrote:
Thu Oct 26, 2017 9:13 am
Is it income, or AGI? Would having a mortgage help?
It's MAGI

It's AGI but you add back any tax-exempt income that wasn't counted.
by knpstr
Fri Oct 27, 2017 8:41 am
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 14637

Re: 2018 ACA rates now live....

MI bronze plan going up 22% from last year. - No subsidy
by knpstr
Fri Oct 27, 2017 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Pay off the car or not?
Replies: 25
Views: 2000

Re: Pay off the car or not?

If you want to keep your emergency fund at $5,000 then do so now.

Take the excess $19,000 and put towards the car loan. Then pay off the remaining $5,000 by paying extra on it each month.

:beer
by knpstr
Thu Oct 26, 2017 7:01 am
Forum: Investing - Theory, News & General
Topic: Morningstar 5 star rating not meaningful.
Replies: 26
Views: 1783

Re: Morningstar 5 star rating not meaningful.

This just in, funds aren't predictable.
by knpstr
Wed Oct 25, 2017 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: avoiding sequence of returns risk?
Replies: 39
Views: 2755

Re: avoiding sequence of returns risk?

CULater wrote:
Tue Oct 24, 2017 8:18 pm
That's essentially my strategy. I have enough in "safe" investments to provide for my income needs. The rest is in stocks and I don't plan on touching that until I'm at least 90 years old, and may never touch it at all.
What are you hoping to buy at age 90, if you are still alive?
by knpstr
Wed Oct 25, 2017 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: avoiding sequence of returns risk?
Replies: 39
Views: 2755

Re: avoiding sequence of returns risk?

Dottie57 wrote:
Tue Oct 24, 2017 4:23 pm

Can you explain why 5years in fixed income = 80/20 asset?

Only thing I can figure is. 20= 1 part, 80 =4 parts. /25 year portfolio.......
It is assuming that you are withdrawing 4% per year for living expenses.
So to take 4% to live, times 5 years in a recession = 20%
by knpstr
Wed Oct 25, 2017 9:52 am
Forum: Personal Consumer Issues
Topic: HELP! Possible Mold in House
Replies: 14
Views: 1553

Re: HELP! Possible Mold in House

I think before you can break your lease you need to notify the landlord about your concerns and give them "reasonable time" to fix it... assuming of course that there actually is an issue.
by knpstr
Mon Oct 23, 2017 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Seaking advice on Rentals...I’m lost!!
Replies: 5
Views: 762

Re: Seaking advice on Rentals...I’m lost!!

I think you need to figure out if you want to be landlords or not; what is your family dream? Use that to guide your decisions. Was the idea all along to have these properties to later sell to build a dream house? If so, you have your answer. Was the idea all along to have these properties to hold f...
by knpstr
Sun Oct 22, 2017 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Is my rental property worth keeping?
Replies: 28
Views: 1899

Re: Is my rental property worth keeping?

It's not worth keeping. You have $1,800 per YEAR in positive cash flow assuming 100% vacancies and no maintenance, which is an unrealistic assumption.
by knpstr
Sun Oct 22, 2017 8:09 am
Forum: Investing - Help with Personal Investments
Topic: How much emergency fund to keep? Where to put them?
Replies: 5
Views: 845

Re: How much emergency fund to keep? Where to put them?

The "first line" in emergency situation is reducing one's spending. Is all $120,000/year absolutely necessary? Or could it be trimmed back? If you made it through the 2008/9 crash in rentals, you've made it through the worst time in a long time. Maybe look back and see what your cash flow would have...
by knpstr
Thu Oct 19, 2017 1:20 pm
Forum: Personal Consumer Issues
Topic: Wife New Car Recommendations - SUV
Replies: 55
Views: 5037

Re: Wife New Car Recommendations - SUV

HardHitter wrote:
Thu Oct 19, 2017 8:24 am
I asked her what she wants in a car and she said "just to look cool and have good features"
Go with the Jaguar F-Pace (yes it is ~double your budget)
by knpstr
Thu Oct 19, 2017 8:25 am
Forum: Investing - Theory, News & General
Topic: Warren Buffett Books
Replies: 22
Views: 2159

Re: Warren Buffett Books

Hi Bogleheads - Has anyone read the following books: 1) The Snowball 2) Tap Dancing to Work 3) Buffett - The Making of an American Capitalist If so, what are your thoughts and perspectives? Best. I've read The Snowball and Buffett - The Making of an American Capitalist. A lot of "repeat stories" in...