Search found 1141 matches

by knpstr
Sun Mar 26, 2017 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: How are we doing? 35, 2nd kid on the way
Replies: 11
Views: 700

Re: How are we doing? 35, 2nd kid on the way

You're financially in the 1% for your age group.

Pay off your student loans in full this coming week with the cash.
Otherwise, proceed as you are.

:beer
by knpstr
Sun Mar 26, 2017 8:09 am
Forum: Personal Consumer Issues
Topic: Free/Cheap Sports Channels
Replies: 12
Views: 795

Re: Free/Cheap Sports Channels

rob65 wrote:Also, have you tried a mohu antenna for ABC, NBC, CBS, and FOX?


As matter of fact, I use the Mohu Sky! Pick up the channels from just over it's stated 60 mile range! Free HD of the local channels you mentioned. And mounted in the attic so no eye sore on top of the house.

:beer
by knpstr
Sun Mar 26, 2017 7:34 am
Forum: Personal Consumer Issues
Topic: Scary bed bug addendum on lease - should I walk away?
Replies: 30
Views: 3131

Re: Scary bed bug addendum on lease - should I walk away?

It's a pretty standard wording in the lease. But that isn't usually in the "standard lease", in my area anyway. So it is possible that building had a problem before. Also, as a landlord I can tell you that as scary as that addendum is to you, bed bugs are equally scary to a landlord. :beer
by knpstr
Sat Mar 25, 2017 6:51 pm
Forum: Personal Consumer Issues
Topic: Free/Cheap Sports Channels
Replies: 12
Views: 795

Re: Free/Cheap Sports Channels

sling tv orange package is $19.99/mo

Has ESPN, ESPN2, ESPN3
it also has TBS and TNT which also have some sports.

Also has ACC network... but I'm a Big Ten person so I don't care about that

:beer
by knpstr
Fri Mar 24, 2017 6:03 pm
Forum: Investing - Theory, News & General
Topic: AA after reaching your "freedom number"?
Replies: 36
Views: 3066

Re: AA after reaching your "freedom number"?

In his seminal 1949 text "The Intelligent Investor", Benjamin Graham recommended that investors maintain an AA somewhere between 75/25 and 25/75. Seems like a prudent rule of thumb that remains relevant today. That said, at age 27 I'm at 95/5 :twisted: But of course Buffett has said Graha...
by knpstr
Fri Mar 24, 2017 2:42 pm
Forum: Investing - Theory, News & General
Topic: Searching for cash flow investment.
Replies: 21
Views: 1034

Re: Searching for cash flow investment.

The return would be less in middle and upper class neighborhoods. I am not saying it doesn't exist, its just the housing market went up a lot the last 5 years. Yes, I agree, returns tend to go down with higher class properties. I just saw that the rent was $600/mo which is quite low. And 3-unit in ...
by knpstr
Fri Mar 24, 2017 12:34 pm
Forum: Investing - Theory, News & General
Topic: AA after reaching your "freedom number"?
Replies: 36
Views: 3066

Re: AA after reaching your "freedom number"?

i.e. Let's say you have $3M invested 50/50 in stocks/bonds... is that really the recommended formula for someone who wants to live off the interest each year? Not enough information. We need the other half of the equation... what is the amount you want to withdraw? If you're truly looking to just d...
by knpstr
Fri Mar 24, 2017 12:26 pm
Forum: Investing - Theory, News & General
Topic: So why exactly is everyone gloomy about bonds?
Replies: 34
Views: 3670

Re: So why exactly is everyone gloomy about bonds?

I have never been a fan of bonds. I'm just staying the course.

:beer
by knpstr
Fri Mar 24, 2017 12:17 pm
Forum: Investing - Theory, News & General
Topic: Searching for cash flow investment.
Replies: 21
Views: 1034

Re: Searching for cash flow investment.

I don't think I would invest in that... especially if it is in lower income neighborhood, because you'll have higher expenses than that. I'd hold out for something better, returns with 10% on asset price (not including inflation). I only have 2 properties, but they combined return cash of about 12% ...
by knpstr
Thu Mar 23, 2017 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off a rental property
Replies: 14
Views: 1636

Re: Paying off a rental property

Big cash flow is a wonderful thing

:beer
by knpstr
Thu Mar 23, 2017 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: Why did my fund GO UP so much?
Replies: 33
Views: 2599

Re: Why did my fund GO UP so much?

I thought some of you would enjoy this fund quote: http://i66.tinypic.com/2mfzm1z.jpg Full disclosure: I own this fund and now apparently zillions of dollars worth of it. And now I can afford a $1,124,176 car. :) To have zillions of dollars, wouldn't you need over 30 quadrillion shares? It's still ...
by knpstr
Thu Mar 23, 2017 5:19 pm
Forum: Investing - Theory, News & General
Topic: Justification for Adding REITs
Replies: 56
Views: 3330

Re: Justification for Adding REITs

I would assume it would be the same justification for anyone tilting towards anything.
by knpstr
Thu Mar 23, 2017 2:52 pm
Forum: Investing - Theory, News & General
Topic: The $1,124,176 Car.
Replies: 99
Views: 7056

Re: The $1,124,176 Car.

carguyny wrote:You need to know which cars to buy and you can drive them for free. I purchased a car last year that I made $75k in 6 months of ownership.


Which cars should I buy?
:beer
by knpstr
Thu Mar 23, 2017 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Supplemental/Passive Income
Replies: 7
Views: 606

Re: Supplemental/Passive Income

Stay out of debt
Keep 6-months expenses in savings account
Max your retirement accounts
or save at least 15% of gross income in retirement/taxable space. This will build your passive income over time.

Focus on increasing sales.

:beer
by knpstr
Wed Mar 22, 2017 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a second home in Florida- mortgage or purchase
Replies: 15
Views: 1203

Re: Buying a second home in Florida- mortgage or purchase

I'd pay cash for the place. At $4,500,000 portfolio your 80/20 allocation is fine, especially when you are living off the dividends and the relatively modest income/expense needs. If you wanted to "cash in", what you would do is simply buy more bonds with the profit from the sale of stock....
by knpstr
Wed Mar 22, 2017 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13685

Re: "Millionaire Next Door" Net Worth Formula

Feel free to dig around on the Ford website for the F-150 models. It comes in 3 cab sizes and 3 bed sizes. Start adding any bells and whistles, tax, title, destination/delivery charge and watch that bare bones base model shoot up to the $55K - $60+K price range very easily with a few mouse clicks. ...
by knpstr
Wed Mar 22, 2017 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Recommended emergency fund for middle class households: $13,800
Replies: 64
Views: 6392

Re: Recommended emergency fund for middle class households: $13,800

Sure. But relative to 6 months expenses it isn't for most people. Most things are much less than that. Also, if your furnace or roof is 20-30 years old and needs replacing, is that really unexpected? The catch is "most people" don't have 6 months of expenses saved. However I agree with yo...
by knpstr
Wed Mar 22, 2017 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Recommended emergency fund for middle class households: $13,800
Replies: 64
Views: 6392

Re: Recommended emergency fund for middle class households: $13,800

I keep around 6 months of expenses. If I should need more than that I can either sell securities, use a 0% credit card offer or HELOC. I think the main reason to have one is so you don't have to sell securities in a down market or to pay big capital gains in an up market. The money is mostly for if...
by knpstr
Wed Mar 22, 2017 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: How Do I Do More?
Replies: 17
Views: 1667

Re: How Do I Do More?

CE87 wrote:Maxing out Roth 401k and Roth IRA.
How to invest wisely? What to anticipate?


Just keep doing what you are doing, financial progress takes patience and to not tinker while the plan is working.
:beer
by knpstr
Wed Mar 22, 2017 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Recommended emergency fund for middle class households: $13,800
Replies: 64
Views: 6392

Re: Recommended emergency fund for middle class households: $13,800

I suupose you are right, but this is where I would go for unexpected. Right now each dollar has multiplepuposes and only time will tell the eventual use. My job is not that stable right now. Mgmt is increasingly difficult and my emergency may end up being early retirement. Yes, I can understand whe...
by knpstr
Wed Mar 22, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13685

Re: "Millionaire Next Door" Net Worth Formula

As mentioned in the last few posts, you'll pay $55K - $65K for a F150 (unless you get the bare bone model, stripped down, with some incentives). Remember this book was published in 1996. In 1996 (and earlier) the Ford F-150 was a still very much a "work truck" and very different from toda...
by knpstr
Wed Mar 22, 2017 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13685

Re: "Millionaire Next Door" Net Worth Formula

knpstr: Sorry, I missed the bit about $1M in investible assets. Seems odd though that it would take $8M in total net worth to be in the top 1% (2013), but only $1M in investible assets (2012). Things didn't change that much between 2012 and 2013, and I doubt the top 1% hold that much of their net w...
by knpstr
Wed Mar 22, 2017 11:37 am
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13685

Re: "Millionaire Next Door" Net Worth Formula

BTW - Household net worth at the 99th percentile in the US in 2013 was 8 million. 1 million was just barely in the top 10%. See http://www.shnugi.com/networth-percentile-calculator/?min_age=18&max_age=100&networth=1000000 Yes, this was my exact quote from an earlier post in this thread If y...
by knpstr
Tue Mar 21, 2017 8:52 pm
Forum: Investing - Theory, News & General
Topic: WSJ: S&P 500′s Rally Is Falling Behind the World
Replies: 15
Views: 3115

Re: WSJ: S&P 500′s Rally Is Falling Behind the World

So, should I start picking funds that show some recent out performance?
by knpstr
Tue Mar 21, 2017 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: I thought I knew my desired AA
Replies: 76
Views: 3219

Re: I thought I knew my desired AA

I am not sure if the discrimination is conscious. We just see disproportionate number of resumes from folks in their 20s. They have amazing side projects (done nights+weekends) that I personally can't keep up with in my kid-induced, sleep-deprived state. Add to that their willingness to work in sta...
by knpstr
Tue Mar 21, 2017 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: I would appreciate comments on my asset allocation.
Replies: 18
Views: 1208

Re: I would appreciate comments on my asset allocation.

Has a lot to keep track of, but generally speaking, it looks good!

:beer
by knpstr
Tue Mar 21, 2017 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Recommended emergency fund for middle class households: $13,800
Replies: 64
Views: 6392

Re: Recommended emergency fund for middle class households: $13,800

For those of you with multiple years of emergency funds, are you anywhere near or in retirement? 5 years away. I want the money there for 2 things a) support myself during period from retirement to SS, b) Roth Conversions during same time. All money will be taxed at 15% or less. Well in that case, ...
by knpstr
Tue Mar 21, 2017 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13685

Re: "Millionaire Next Door" Net Worth Formula

hoops777 wrote:I honestly can care less about them.


Then you should care less about them. :mrgreen:
:beer
by knpstr
Tue Mar 21, 2017 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: I thought I knew my desired AA
Replies: 76
Views: 3219

Re: I thought I knew my desired AA

age discrimination is rampant. So, is your model relevant to OP's real life situation? Well he's 37 so do we know what is relevant for the future, we're all talking in the hypothetical, are we not? I'd be interested to see the numbers of unemployed in that field and age... since we're suggesting 50...
by knpstr
Tue Mar 21, 2017 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13685

Re: "Millionaire Next Door" Net Worth Formula

Setting aside this discussion, if someone asked you to describe a wealthy lifestyle, what would you say? Being able to live/maintain a comfortable life without having to work. Given our current lifestyle (which is comfortable) that would take about $1.67M if all in portfolio income (at an extra saf...
by knpstr
Tue Mar 21, 2017 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: I thought I knew my desired AA
Replies: 76
Views: 3219

Re: I thought I knew my desired AA

5 years from now, at 720K and 80/20, the maximum loss = 288K = 4.8 years of savings with 10 more years to go. It is obvious that you cannot afford to take the risk. You do not have the ability to take the risk. You are out of time. Ability to take the risk is independent of the emotional capability...
by knpstr
Tue Mar 21, 2017 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: I thought I knew my desired AA
Replies: 76
Views: 3219

Re: I thought I knew my desired AA

Alto Astral, There is a more straightforward way to look at this: number of years of annual savings. In your case, let's assume that you will work for another 15 years and your annual savings is 60K. At 420K and 80/20, the maximum loss is 168K = 2.8 years of savings. You have 15 years to recover. S...
by knpstr
Tue Mar 21, 2017 11:55 am
Forum: Investing - Help with Personal Investments
Topic: I thought I knew my desired AA
Replies: 76
Views: 3219

Re: I thought I knew my desired AA

https://personal.vanguard.com/us/insights/investingtruths/investing-truth-about-risk From 1926 to 2013, the average return for 80/20 is 9.6%. The average return for 70/30 is 9.2%. The difference is only 0.4%. Your saving rate is the only thing that matters in the long run. If you use the above link...
by knpstr
Tue Mar 21, 2017 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Long term unemployment planning
Replies: 61
Views: 2548

Re: Long term unemployment planning

kathyauburn wrote:People over there have less stress than we do, generally lead happier lives (see the latest happiness index report)


I'm happy to be living in a country that is within the top 9% of all countries in happiness. 14th out of 155

:beer
by knpstr
Tue Mar 21, 2017 9:50 am
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13685

Re: "Millionaire Next Door" Net Worth Formula

orca91 wrote:Isn't it funny how some on Bogleheads are soooo far from the common man, they don't even know it?

Having 2-3 million is a long way from being wealthy..... Are you kidding me?! The real "most people" out there would consider that uber rich.


+1
by knpstr
Tue Mar 21, 2017 9:26 am
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13685

Re: "Millionaire Next Door" Net Worth Formula

As mentioned in the last few posts, you'll pay $55K - $65K for a F150 (unless you get the bare bone model, stripped down, with some incentives). Remember this book was published in 1996. In 1996 (and earlier) the Ford F-150 was a still very much a "work truck" and very different from toda...
by knpstr
Tue Mar 21, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13685

Re: "Millionaire Next Door" Net Worth Formula

There is a confusion between being wealthy and being a millionaire. Having 2-3 million is a long way from the lifestyle that most people would consider wealthy. With an income of say 100-150k, you are defnitely well off. But you aren't remotely in the class that most people would consider wealthy (...
by knpstr
Mon Mar 20, 2017 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13685

Re: "Millionaire Next Door" Net Worth Formula

I am honestly not being sarcastic or negative but I just do not get this.I mean is it not basic common sense that the more frugal you live the more money you will save?I can guarantee you all those millionaire next door types that are 70,80 years old now never needed a brilliant PHD to tell them if...
by knpstr
Mon Mar 20, 2017 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Recommended emergency fund for middle class households: $13,800
Replies: 64
Views: 6392

Re: Recommended emergency fund for middle class households: $13,800

spammagnet wrote:Rather, it's a suggested amount of liquid assets available to smooth over wide, but normal, variances in income vs expenses. To me, that's a buffer, not an emergency fund.


What you call a "buffer" is what the rest of the country calls an emergency fund.

:beer
by knpstr
Mon Mar 20, 2017 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13685

Re: "Millionaire Next Door" Net Worth Formula

What I think would be a great followup to Stanley's work is for someone to actually look for the causal factors associated with becoming a millionaire. That would, in many ways, be more difficult than Stanley's research, but it would be far more valuable as well. Yeah I have a totally different vie...
by knpstr
Mon Mar 20, 2017 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Long term unemployment planning
Replies: 61
Views: 2548

Re: Long term unemployment planning

When discussing unemployment (and the chances of it happening to someone specific), the overall unemployment rate is a good starting point, but you REALLY want to consider more than that. A fifty year old in the tech industry is probably at more risk than a 30 year old actuary. And some sectors wit...
by knpstr
Mon Mar 20, 2017 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13685

Re: "Millionaire Next Door" Net Worth Formula

In my view, the "millionaire next door" would be construed by most readers as the 'typical millionaire', and that's definitely the tone I get from reading the books. But that's not who they sampled. Very interesting on how we have such different views. I don't get that connotation at all,...
by knpstr
Mon Mar 20, 2017 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13685

Re: "Millionaire Next Door" Net Worth Formula

Taken together, it seems that the millionaires in Stanley's study were more affluent and successful in wealth building than most millionaires. That's not necessarily a fatal flaw to the research, but it certainly 'colors' his results. It has been a while since I read this but, wasn't that his point...
by knpstr
Mon Mar 20, 2017 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: rental property expense question
Replies: 12
Views: 1270

Re: rental property expense question

I would think that this would surely be a capital expense. A "restoration" or betterment is an improvement and a capital expense to be depreciated. You were restoring the house to hold heat. For example, IRS Pub. 527 specifically denotes insulation work as an "improvement" and no...
by knpstr
Mon Mar 20, 2017 5:53 pm
Forum: Personal Consumer Issues
Topic: Best way to expand my vocabulary?
Replies: 79
Views: 3208

Re: Best way to expand my vocabulary?

TerryDMillerMBA wrote:
WhyNotUs wrote:My dad kept a dictionary in our bathroom. I enjoyed learning a new word with every bowel movement.


:annoyed ---> Peristalsis ----> :D


borborygmos 8-)
by knpstr
Mon Mar 20, 2017 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13685

Re: "Millionaire Next Door" Net Worth Formula

Taken together, it seems that the millionaires in Stanley's study were more affluent and successful in wealth building than most millionaires. That's not necessarily a fatal flaw to the research, but it certainly 'colors' his results. It has been a while since I read this but, wasn't that his point...
by knpstr
Mon Mar 20, 2017 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Long term unemployment planning
Replies: 61
Views: 2548

Re: Long term unemployment planning

knpstr, 50% of the employees at my location was laid off on 1/1/2009. Some of them still remained permanently under-employed until now. KlangFool But how many could still find a job elsewhere to make ends meet if they wanted/needed, even if they were "under-employed" or taking a job they ...
by knpstr
Mon Mar 20, 2017 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Long term unemployment planning
Replies: 61
Views: 2548

Re: Long term unemployment planning

It is worth noting while unemployment rose dramatically, in the "great recession" unemployment still only peaked at 10% in October 2009, June 1983 was the last time unemployment was this high at 10.8%. and 10.8% of 1983 was the highest point in a chart starting at 1948. Just for some pers...
by knpstr
Mon Mar 20, 2017 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Long term unemployment planning
Replies: 61
Views: 2548

Re: Long term unemployment planning

Unless we're talking about widespread unemployment that is also leading to a declining equities market, your unemployment and a market downturn are unlikely to coincide, e specially with the aforementioned buffers. willthrill81, We call that recession. And, it occurred regularly every few years. Kl...

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