Search found 307 matches

by meowcat
Tue Nov 15, 2016 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio return: very low. Any suggestions
Replies: 36
Views: 3774

Re: Portfolio return: very low. Any suggestions

boglefin wrote:The list of items in the portfolio is a bit too long to post here.

Big red flag, right there.
by meowcat
Mon Nov 07, 2016 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: How to Proceed Going Forward.
Replies: 15
Views: 1546

Re: How to Proceed Going Forward.

Gosh, I'd really hate to think this has turned into a rent vs. own topic. I can see that it might seem that way but that really was not my intention. Basically, I just wanted to know if using taxable IRA funds to pay cash for a house is a wise decision. If not, just how ridiculous of an idea is it? ...
by meowcat
Mon Nov 07, 2016 10:32 am
Forum: Personal Finance (Not Investing)
Topic: How to Proceed Going Forward.
Replies: 15
Views: 1546

Re: How to Proceed Going Forward.

Thanks, orca. Right now our rent is $2,300/mo and we easily manage that, even with our $48k/yr savings. I would like to keep a mortgage below that amount if possible. Actually, it should be easy to find a house with a smaller mortgage than our rent. Only two problems; One, it would take a long time...
by meowcat
Mon Nov 07, 2016 8:38 am
Forum: Personal Finance (Not Investing)
Topic: How to Proceed Going Forward.
Replies: 15
Views: 1546

Re: How to Proceed Going Forward.

Thanks, orca. Right now our rent is $2,300/mo and we easily manage that, even with our $48k/yr savings. I would like to keep a mortgage below that amount if possible. Actually, it should be easy to find a house with a smaller mortgage than our rent. Only two problems; One, it would take a long time ...
by meowcat
Mon Nov 07, 2016 6:54 am
Forum: Personal Finance (Not Investing)
Topic: How to Proceed Going Forward.
Replies: 15
Views: 1546

Re: How to Proceed Going Forward.

Thank you all for the feedback. perhaps a few more details. We'll be retiring on that infamous "two legged stool" as neither of us will have a pension. It is up to us to prepare. If the market cooperates and brings us a 4% nominal return we should retire with about 1.4 to 1.5 million combi...
by meowcat
Sun Nov 06, 2016 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: How to Proceed Going Forward.
Replies: 15
Views: 1546

How to Proceed Going Forward.

My DW and I are facing a retirement quandary. I/We have had a mortgage for the last 32 years. 16 years in San Diego and now, 16 years in south Florida. Our mortgage in Florida had been extremely difficult to handle because we had two mortgages on the house and together they took up 55% of our take-h...
by meowcat
Wed Nov 02, 2016 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else experience a gigantic loss in real estate?
Replies: 66
Views: 7098

Re: Anyone else experience a gigantic loss in real estate?

Bought a condo in San Diego in 1986 for $78,900. Lived there 16 years when I sold it for a $45k profit. The couple that bought it from me turned around and sold it two years later for a $278k profit. :oops:
by meowcat
Thu Oct 27, 2016 8:03 am
Forum: Investing - Theory, News & General
Topic: Why Doesn't the DOL Understan the Term "Fiduciary"?
Replies: 21
Views: 2107

Why Doesn't the DOL Understan the Term "Fiduciary"?

Link: http://www.msn.com/en-us/money/personalfinance/morgan-stanley-sets-off-a-fight-over-the-cost-of-your-retirement-account/ar-AAjrfRS?li=BBnbfcN If I take money from a client and the client expects me to turn turn a profit for them, but instead, I continue to make a profit, even as they lose thei...
by meowcat
Thu Sep 29, 2016 3:25 pm
Forum: Personal Consumer Issues
Topic: Spouse concerned about buying luxury SUV
Replies: 66
Views: 8376

Re: Spouse concerned about buying luxury SUV

NYGiantsFan wrote:
sedans are not comfortable for long distance driving.

You were driving the wrong sedan. I find sedans much, much more comfortable than SUV's.
by meowcat
Thu Sep 29, 2016 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: How to become debt free?
Replies: 36
Views: 3362

Re: How to become debt free?

This is for someone I know, who wants help. But doesn't want to live like a pauper for the next few years. Still wants to buy "wants" like starbucks, seasonal decor, buy gifts for people, etc. Judging by the above statement, it's clear your friend has no interest in getting out of debt, w...
by meowcat
Tue Sep 27, 2016 12:34 pm
Forum: Personal Consumer Issues
Topic: Replace car battery after X years or wait till it dies?
Replies: 80
Views: 5892

Re: Replace car battery after X years or wait till it dies?

barnaclebob wrote:How often are you in a place where you can't jump it or at the very worst have someone run you to the auto store to replace it?

Murphy's law states that your battery will always die at the most inconvenient time and in the worst location possible. :mrgreen: :mrgreen:
by meowcat
Tue Sep 27, 2016 11:15 am
Forum: Personal Finance (Not Investing)
Topic: How it really feels to have investments during a bear market?
Replies: 74
Views: 6201

Re: How it really feels to have investments during a bear market?

Don't know what you all were invested in to lose 60% of your portfolio's value. In 2008/2009 I was invested in 100% equities (S&P index) and my total decline was 47%.
by meowcat
Fri Sep 23, 2016 9:28 am
Forum: Investing - Help with Personal Investments
Topic: Retirement options advice
Replies: 19
Views: 2075

Re: Retirement options advice

While the advice you'll receive here is generally excellent, you still have to be careful. Anyone can join this board and post messages. So, in reality, you're just getting advice from some random dude/dudette on the internet. It MAY be good advice, but you should verify. I would agree with this, g...
by meowcat
Tue Sep 13, 2016 6:12 am
Forum: Investing - Help with Personal Investments
Topic: I should be able to retire!!!! But how can I do it?
Replies: 40
Views: 5161

Re: I should be able to retire!!!! But how can I do it?

OP is probably including his contributions as return.
by meowcat
Mon Sep 12, 2016 10:41 am
Forum: Personal Consumer Issues
Topic: Christmas gift expectations
Replies: 61
Views: 4531

Re: Christmas gift expectations

steadyeddy wrote:I would blame travel costs and decline to participate.

This wouldn't really work because of the comment by the OP;
The Planner wrote:We can easily afford it and everyone knows that.
by meowcat
Fri Sep 09, 2016 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Waterfront Lot in Florida - Worthless or Priceless?
Replies: 31
Views: 2469

Re: Waterfron Lot in Florida - Worthless or Priceless?

You say it's a lot on the water on the Florida Gulf coast but is it on the Gulf or on a pond/lake near the coast? I live on the water near the Florida Gulf coast but not on the Gulf of Mexico. Beachfront property on the Gulf can have a value of $5000 per front foot or more depending on location. Gi...
by meowcat
Tue Aug 30, 2016 11:43 am
Forum: Investing - Theory, News & General
Topic: Feelings/Sentiments about Recession
Replies: 44
Views: 3149

Re: Feelings/Sentiments about Recession

I made most of my money during the great recession, I just didn't know it at the the time. :mrgreen:
by meowcat
Mon Aug 22, 2016 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: Are these fees / returns reasonable
Replies: 38
Views: 2876

Re: Are these fees / returns reasonable

Are you understanding just how much $18,000 a year is, and how little you are getting for it? $1500 a month is a house payment for most people. You could buy a new car every year with $18,000. And it's only going to increase. Some people are forecasting 4% real returns for equities and 0% for bonds...
by meowcat
Fri Aug 19, 2016 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 304
Views: 42896

Re: Self-made Millionaires: how did hitting 7 figures change you?

People from all walks of life work beyond when they have amassed "enough" or until full retirement and beyond for a variety of reasons or no reason at all. Only here in Bogleheadland is that considered bizarre. I've known people that ended up making more money at 70 than they ever made in...
by meowcat
Thu Aug 18, 2016 7:48 am
Forum: Investing - Theory, News & General
Topic: Someone wants to pay me to manage their finances
Replies: 46
Views: 4455

Re: Someone wants to pay me to manage their finances

I'm sorry, Johnny, I can't help you but I can tell you how I invest, and why. Call 1-800-Vanguard, they will help you.
by meowcat
Mon Aug 15, 2016 8:11 am
Forum: Personal Finance (Not Investing)
Topic: True state of retirees and course of action
Replies: 29
Views: 3558

Re: True state of retirees and course of action

You're 47 with 1.7mm in retirement funds. At FRA you're likely to have over 6mm!!
Let me put your mind at ease.
There are no seniors with 6 million dollars in the bank that are struggling to pay their bills. You'll be alright.
by meowcat
Fri Aug 05, 2016 2:41 pm
Forum: Investing - Theory, News & General
Topic: New EJ ad touts cost transparency
Replies: 11
Views: 1424

Re: New EJ ad touts cost transparency

They can be as transparent as they want. Their clients just don't understand (and EJ won't tell them) how much damage 3% can do to their long term goals. EJ has all their clients believing that 3% is the going rate and that it's competitive.
by meowcat
Fri Aug 05, 2016 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: Struggling with maxing out Roths. Advice?
Replies: 40
Views: 2267

Re: Struggling with maxing out Roths. Advice?

This quote" "the Roth space is lost forever if not utilized." Had me curious. (and, a little worried) So, it's not lost forever, but just for the tax year up until 4/15. After that, you have to wait for the next tax year, is that right? Some people just interpret "forever" d...
by meowcat
Fri Aug 05, 2016 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Struggling with maxing out Roths. Advice?
Replies: 40
Views: 2267

Re: Struggling with maxing out Roths. Advice?

What is Roth "space" and how does it go away "forever"? If under 50 you can contribute 5,500 to a IRA, and you have til April 15 to do it for the current year. Example 2016 contribution can be made up until 4/15/17. After that it "goes away forever" Still a bit confuse...
by meowcat
Fri Aug 05, 2016 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: Struggling with maxing out Roths. Advice?
Replies: 40
Views: 2267

Re: Struggling with maxing out Roths. Advice?

What is Roth "space" and how does it go away "forever"?
by meowcat
Thu Jul 28, 2016 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Daring to figure it out for myself -- To Roth or Not to Roth and defusing the RMD tax bomb
Replies: 27
Views: 3584

Re: Daring to figure it out for myself -- To Roth or Not to Roth and defusing the RMD tax bomb

Church Lady wrote:
My first RMD is in 2028. If I had to take my first RMD from my taxable account today, it would equal about 9066% of my projected 2017 living expenses.

I'm just not understanding this. Can someone please explain how one has RMD on a taxable account?
by meowcat
Sat Jul 16, 2016 11:43 am
Forum: Personal Consumer Issues
Topic: Do you tip Uber drivers?
Replies: 49
Views: 5658

Re: Do you tip Uber drivers?

I personally asked an Uber driver in Las Vegas if he accepted tips. He said "oh yes, as a matter of fact, it's greatly appreciated".
by meowcat
Thu Jul 14, 2016 5:39 am
Forum: Investing - Help with Personal Investments
Topic: Pull out of market?
Replies: 56
Views: 5752

Re: Pull out of market?

With the Dow at over 18K, I really want to temporarily move my 60% stock mutual funds from there into my Vanguard brokerage account, but keeping the 40% bonds portion in play. Here's the problem with that thinking; What happens if the Dow hits 19k? Then 20k? how about 21k? Can you imagine 22k? At s...
by meowcat
Tue Jul 12, 2016 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Real career path for a 23 yr old with no college degree
Replies: 50
Views: 5508

Re: Real career path for a 23 yr old with no college degree

Teague wrote:He could start out in new car sales. Last I checked, no experience necessary. Then build from there.

Agreed. The automotive industry is a great place to make a lot of money without a higher education.
by meowcat
Tue Jul 12, 2016 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Retiring overseas?
Replies: 39
Views: 7608

Re: Retiring overseas?

Rubiosa wrote:Panama would be my choice hands down. I lived there five years. Everybody speaks English. Beautiful country. Convenient to U.S. Household help is cheap. Etc. Pacific side, not the Atlantic.

Pacific or Atlantic? Don't you mean Pacific or Caribbean?
by meowcat
Mon Jul 11, 2016 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA Deductibility
Replies: 3
Views: 275

Re: Traditional IRA Deductibility

When you're married filing jointly, the IRA deduction limits look at your combined MAGI for Traditional IRA purposes. This MAGI starts with your AGI (your combined income) and makes modifications. Thanks, DSinvestor, this is the piece of information I needed. It was not spelled out on any website t...
by meowcat
Mon Jul 11, 2016 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA Deductibility
Replies: 3
Views: 275

Traditional IRA Deductibility

I'm really confused over TIRA deductibility limits. Info: Married, filing jointly Both covered by 401(k) at work. Every website I pull up regarding IRA deductibility limits have two different answers. If married filing jointly your MAGI limit for a full deduction is 98k. I'm also seeing: If married ...
by meowcat
Thu Jun 30, 2016 10:18 am
Forum: Personal Consumer Issues
Topic: Tipping Etiquette Question.
Replies: 37
Views: 3594

Tipping Etiquette Question.

My Wife and I go to a bar located inside a nice restaurant. I order a cocktail and my DW asks the bartender about wines. She's hesitant about house wines so the bartender suggested a certain wine that she has never had. She didn't like the wine. The bartender replaced it with a glass that she's fami...
by meowcat
Fri Jun 24, 2016 9:42 am
Forum: Personal Finance (Not Investing)
Topic: USAA auto premium increase
Replies: 2
Views: 638

Re: USAA auto premium increase

What state do you live in? How long have you held the policy? When DW and I moved to Florida in 2000 we signed up with USAA. Our first 6 month renewal jumped nearly 30%. They said everything was on the up and up and assured me there were no mistakes. DW and I are 50 and 52, have perfect driving reco...
by meowcat
Mon May 16, 2016 5:46 am
Forum: Personal Finance (Not Investing)
Topic: Renting vs owning
Replies: 141
Views: 16376

Re: Renting vs owning

In my own personal situation, Had I continued to own for 30 years, we would have paid out in PITI, almost $1,300,000, not including maintenance and repair. Maybe, just maybe the house would have been worth 800k at time of sale 15 years from now, a negative of almost 500k. We just sold the house and...
by meowcat
Thu May 12, 2016 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Renting vs owning
Replies: 141
Views: 16376

Re: Renting vs owning

In my own personal situation, Had I continued to own for 30 years, we would have paid out in PITI, almost $1,300,000, not including maintenance and repair. Maybe, just maybe the house would have been worth 800k at time of sale 15 years from now, a negative of almost 500k. We just sold the house and ...
by meowcat
Wed Apr 13, 2016 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Switch to Geico from USAA
Replies: 32
Views: 2828

Re: Switch to Geico from USAA

How is Geico so much cheaper? As an employee working in the automotive and body repair business for the last 30 years, I can tell you exactly why Geico is so much cheaper. I've worked intimately with Geico's claims adjusters for many, many years. Here's the thing; If all that matters to you is pric...
by meowcat
Fri Mar 25, 2016 9:33 am
Forum: Investing - Help with Personal Investments
Topic: Best & Worst Financial Decisions?
Replies: 92
Views: 9395

Re: Best & Worst Financial Decisions?

Worst: Buying too much house 15 years ago.
Best: Selling said house so that DW and I could max out our 401(k)

15 years of too much house nearly killed us.
by meowcat
Fri Mar 04, 2016 7:36 am
Forum: Investing - Help with Personal Investments
Topic: Do You Give Your Friends Investment Advice?
Replies: 58
Views: 4797

Re: Do You Give Your Friends Investment Advice?

No. What I will do, however, is let them know how I personally invest, and why, and then leave it up to them. This way, there is no "implied" liability on my part. Very effective.
by meowcat
Fri Feb 19, 2016 12:12 pm
Forum: Investing - Theory, News & General
Topic: One sentence financial rule
Replies: 22
Views: 3240

Re: One sentence financial rule

Cannot people realize how large an income is thrift?

Marcus Tullius Cicero
by meowcat
Thu Feb 11, 2016 8:13 am
Forum: Personal Consumer Issues
Topic: New Washer - Frontload or HE Top Load
Replies: 48
Views: 5016

Re: New Washer - Frontload or HE Top Load

Top loader all the way. They are much, much better at getting clothes clean. Speed Queen builds the best and longest lasting washer/dryer on the planet.
by meowcat
Thu Feb 11, 2016 8:00 am
Forum: Investing - Theory, News & General
Topic: Are index funds a guaranteed return?
Replies: 42
Views: 3300

Re: Are index funds a guaranteed return?

Guaranteed market returns, absolutely, yes. Guaranteed positive returns, no one knows. Actively managed funds have no guarantee, whatsoever.
by meowcat
Fri Jan 29, 2016 9:08 am
Forum: Investing - Theory, News & General
Topic: What is your favorite Financial Quote or Metaphor??
Replies: 179
Views: 12653

Re: What is your favorite Financial Quote or Metaphor??

“Don’t tell me where your priorities are. Show me where you spend your money and I’ll tell you what they are.”
James W. Frick
by meowcat
Tue Jan 26, 2016 9:22 am
Forum: Investing - Help with Personal Investments
Topic: Should we do what our FA advises?
Replies: 52
Views: 4357

Re: Should we do what our FA advises?

Seriously, this guy is going to end up with more of your money than you will. Not only are he and his funds going to charge you almost 3% in astronomical ongoing fees, he's going to take 75% of your retirement income as well.
by meowcat
Fri Jan 22, 2016 8:39 am
Forum: Investing - Theory, News & General
Topic: Why Bogle?
Replies: 36
Views: 3907

Re: Why Bogle?

Even the best investment strategies don't offer guarantees, not even Bogles'. What the Bogle strategy *does* do is offer it's investors the greatest odds of reaching your retirement/investment goals.
by meowcat
Thu Jan 14, 2016 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Does a BH play the lottery?
Replies: 78
Views: 4887

Re: Does a BH play the lottery?

Well, I never buy a ticket but I figure my chances of winning are about the same as those who do buy tickets! So I can dream as much as anyone. :moneybag So funny that you said that. I just recently heard on a talk radio show that the phrase "you can't win if you don't play" is really not...
by meowcat
Tue Oct 27, 2015 12:54 pm
Forum: Investing - Theory, News & General
Topic: Peanut returns [why not try stock picking?]
Replies: 61
Views: 6946

Re: Peanut returns [why not try stock picking?]

InvestorNewb wrote:
Why not invest in the top stocks of well-known companies that are moving the index? Buy them for 6-12 months and then sell them and buy the next top ones for that year and repeat.

Because the day you buy them they turn cold. Then where would you be?
by meowcat
Thu Jul 30, 2015 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Geico Auto Insurance
Replies: 63
Views: 5275

Re: Geico Auto Insurance

GEICO has one goal; to repair your car to "un-crashed" condition, that's it. They will do it as quickly and cheaply as humanly possible. Many top tier body shops in my area refuse to take a GEICO claim because they just won't to pay for a proper repair. Repair time is cut, paint work time ...
by meowcat
Wed Jul 29, 2015 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Need a Piece of Evidence on the Boglehead Strategy
Replies: 34
Views: 3431

Re: Need a Piece of Evidence on the Boglehead Strategy

I know there have been some reading recommendations. I thought I'd throw in a video alternative. Though it's not the overall best documentary on the subject, there is a segment at around 23:30 with Jason Zweig followed by John Bogle that gets the point about fees and active management across: http:...
by meowcat
Tue Jul 14, 2015 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Drop collision and/or comprehensive insurance?
Replies: 32
Views: 3762

Re: Drop collision and/or comprehensive insurance?

I called my insurance company and asked them to drop comp/collision on my 13 year old car. They said congratulations, you save $9/month. I said "let's keep it".

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