Search found 3604 matches

by mptfan
Sat Apr 30, 2016 4:05 pm
Forum: Personal Consumer Issues
Topic: Netflix, Your Current Favorite Show
Replies: 185
Views: 15851

Re: Netflix, Your Current Favorite Show

Turn.
by mptfan
Sat Apr 30, 2016 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: How do I gift stock to spouse (in a way the IRS honors)?
Replies: 5
Views: 469

Re: How do I gift stock to spouse (in a way the IRS honors)?

I do not think that your wife can claim the losses even if you gift the stock to her because her cost basis for determining a loss is determined by the fair market value of the stock on the date that the stock is transferred to her. You cannot give away your losses. http://fairmark.com/investment-ta...
by mptfan
Thu Apr 28, 2016 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Are females just not interested in investing in general or is it just the women that I date?
Replies: 89
Views: 8624

Re: Are females just not interested in investing in general or is it just the women that I date?

I think there are two separate issues being conflated here. The first is the mechanics of personal finance and investing, and the second is frugality. Someone can be very frugal and not be good at the mechanics of personal finance and investing (think little old lady who keeps her money in cash unde...
by mptfan
Tue Apr 26, 2016 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Missed Payment Impact on Credit Score
Replies: 12
Views: 1025

Re: Missed Payment Impact on Credit Score

22twain wrote:With a credit card, does the late-payment clock start ticking on the billing date or at the end of the grace period?


Neither, it starts on the payment due date.
by mptfan
Mon Apr 25, 2016 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Missed Payment Impact on Credit Score
Replies: 12
Views: 1025

Re: Missed Payment Impact on Credit Score

From my experience a missed payment is a big deal, score went from around 780-800 to 730-740 overnight! :annoyed So once upon a time I fell for the "10% off if you get our card today!" offer at a prominent department store. I saved $150 so I thought it was worth it. Paid the full balance ...
by mptfan
Mon Apr 25, 2016 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Missed Payment Impact on Credit Score
Replies: 12
Views: 1025

Re: Missed Payment Impact on Credit Score

jharkin wrote:The actual credit report only shows payments over 60 days late, so I don't thing they report a single one month miss.

I don't think this is accurate. Some creditors report payments that are more than 30 days late.
by mptfan
Sun Apr 24, 2016 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 333
Views: 52955

Re: Anyone regret paying off mortgage early?

Not to get in a long protracted debate but even if you buy a house you have property taxes and upkeep which he classifies as debt, he classifies food as debt, also utilities as debt. As for insurance it is essentially prepay by definition. He also said rent is debt and if I remember you pay for tha...
by mptfan
Sun Apr 24, 2016 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 333
Views: 52955

Re: Anyone regret paying off mortgage early?

As others have mentioned, property taxes/insurance are carrying or operational costs. Also, there is no interest inherent in those charges although in my area depending on your perspective one can either get a discount by paying early or pay a penalty by paying late, ie the property tax is X in Nov...
by mptfan
Fri Apr 22, 2016 1:23 pm
Forum: Personal Consumer Issues
Topic: Pop up ads driving me nuts! Please help
Replies: 33
Views: 1967

Re: Pop up ads driving me nuts! Please help

I didn't suggest that you dump your PC, I suggested that you try a chromebook.
by mptfan
Fri Apr 22, 2016 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Charles Schwab Checking + Brokerage Account
Replies: 36
Views: 2995

Re: Charles Schwab Checking + Brokerage Account

I've had this gripe for so long that I never really pursued alternative means for accomplishing the same end, which is avoiding hassle with theft of my debit card. I called in 2009, Schwab said debit card only, I gave up. It just never occurred to me to pursue this option, though now reading what y...
by mptfan
Fri Apr 22, 2016 12:57 pm
Forum: Personal Consumer Issues
Topic: Pop up ads driving me nuts! Please help
Replies: 33
Views: 1967

Re: Pop up ads driving me nuts! Please help

Get a chromebook if you want to make your life easier. :thumbsup Seriously. Look into it. I've been using a chromebook as my primary computer at home for more than a year now, and I love it. When I look back and think about all the frustrations of dealing with Microsoft Windows and pop ups and viru...
by mptfan
Fri Apr 22, 2016 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Charles Schwab Checking + Brokerage Account
Replies: 36
Views: 2995

Re: Charles Schwab Checking + Brokerage Account

I use Schwab for my checking and have for most of my tenure left the brokerage account unfunded. My biggest complaint is they will not provide you with an ATM-only card. Only a true debit card. This irritates me to no end, but because their overall package is still top notch and better than all oth...
by mptfan
Fri Apr 22, 2016 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Charles Schwab Checking + Brokerage Account
Replies: 36
Views: 2995

Re: Charles Schwab Checking + Brokerage Account

I use Schwab for my checking and have for most of my tenure left the brokerage account unfunded. My biggest complaint is they will not provide you with an ATM-only card. Only a true debit card. This irritates me to no end, but because their overall package is still top notch and better than all oth...
by mptfan
Fri Apr 22, 2016 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Charles Schwab Checking + Brokerage Account
Replies: 36
Views: 2995

Re: Charles Schwab Checking + Brokerage Account

For those who want an ATM card only, why is that? Why limit your flexibility? If your credit card is lost or declined, it is nice to be able to use a debit card in a pinch. Sure, if it is stolen (like mine was) someone can go on a spending spree (as they did with mine) but that can happen with a cr...
by mptfan
Wed Apr 20, 2016 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: What do you wish you had known in your early 20's?
Replies: 46
Views: 4166

Re: What do you wish you had known in your early 20's?

That would be my advice, get into the habits of the basic blocking and tackling of personal finance, live below your means, avoid mistakes and then make systematic savings and investments a priority when those basics start to pay off. I agree with this. Of course understanding the time value of mon...
by mptfan
Tue Apr 19, 2016 7:33 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Publishes Duration and Holdings Of Core Bond Fund
Replies: 14
Views: 1819

Re: Vanguard Publishes Duration and Holdings Of Core Bond Fund

What is the % of corporate bonds in this fund's portfolio? Other than being a managed fund, having a medium quality credit instead of highest quality of its holdings, and having the possibility of acquiring up to 5% of junk bonds, how is this fund different from the Total Bond Market fund? This fun...
by mptfan
Tue Apr 19, 2016 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: Dividend payments to checking
Replies: 2
Views: 339

Dividend payments to checking

I have a question about setting up dividend or capital gain distribution payments to be paid by Vanguard by ACH directly to an external checking account (instead of being reinvested and instead of being paid to an internal money market account within the Vanguard account). 1) Does Vanguard transfer ...
by mptfan
Tue Apr 19, 2016 11:31 am
Forum: Investing - Theory, News & General
Topic: What is "wrong" with having more funds in a portfolio?
Replies: 70
Views: 3600

Re: What is "wrong" with having more funds in a portfolio?

The answer is I had been burned in the past with investing all of my money in a few (five or fewer) individual stocks, mostly IPOs and startup companies and other very speculative investments, and as you can imagine, it didn't turn out so well. After being scared out of investing for a few highly p...
by mptfan
Tue Apr 19, 2016 11:26 am
Forum: Investing - Theory, News & General
Topic: What is "wrong" with having more funds in a portfolio?
Replies: 70
Views: 3600

Re: What is "wrong" with having more funds in a portfolio?

Jack FFR1846 wrote:My 3 fund owns the entire world at market cap.

If your bond fund is the Vanguard Total Bond Fund, then your statement is not correct because you are excluding the market cap of high yield bonds.
by mptfan
Mon Apr 18, 2016 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: How To Find My (retirement) Number?
Replies: 64
Views: 4576

Re: How To Find My (retirement) Number?

1) Determine how much you are spending now, after taxes. Ideally, you want several years of data to get a good average number. This is probably the most important step. 2) Determine how much of your spending will go away in retirement (e.g. mortgage, student loans, kids expenses, college for kids, c...
by mptfan
Mon Apr 18, 2016 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Refining a portfolio - should I simplify?
Replies: 12
Views: 1191

Re: Refining a portfolio - should I simplify?

The OP's portfolio is rather simple to begin with. The Roth IRAs have one fund plus a CD. Her 401(k) has two of the 3 funds recommended for the 3-fund portfolio. His 401k has 16 funds. OK, but is he using all 16? If so, I must've missed that, so sorry about that! After reviewing the post more caref...
by mptfan
Mon Apr 18, 2016 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Refining a portfolio - should I simplify?
Replies: 12
Views: 1191

Re: Refining a portfolio - should I simplify?

livesoft wrote:The OP's portfolio is rather simple to begin with. The Roth IRAs have one fund plus a CD. Her 401(k) has two of the 3 funds recommended for the 3-fund portfolio.

His 401k has 16 funds.
by mptfan
Mon Apr 18, 2016 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: mortgage pre payment, why?
Replies: 101
Views: 10270

Re: mortgage pre payment, why?

Here is another often overlooked factor...you have to earn that much more money at your marginal tax rate to pay the mortgage. Consider this...let's say you have a mortgage payment of $2,000 per month for a nice round number, and let's say you are in the 25% marginal tax bracket, that means you have...
by mptfan
Mon Apr 18, 2016 11:22 am
Forum: Personal Finance (Not Investing)
Topic: mortgage pre payment, why?
Replies: 101
Views: 10270

Re: mortgage pre payment, why?

Also, I found that paying off the house locks up money so you are less tempted to do a $100k kitchen remodel. This is such an important point. Having a mortgage frees up money that can be (and usually is) spent elsewhere. When people get so accustomed to having debt, they do not realize how much us...
by mptfan
Mon Apr 18, 2016 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Refining a portfolio - should I simplify?
Replies: 12
Views: 1191

Re: Refining a portfolio - should I simplify?

You need to simplify your portfolio, and when you are done, you need to simplify some more. Keep doing that until you get down to 3-6 funds. You can have a very well diversified portfolio with as few as 3 funds, and you should not have more than 6 in my opinion. Anything more than 6 results in a por...
by mptfan
Sat Apr 16, 2016 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Now i get it - mortgage payoff
Replies: 35
Views: 5048

Re: Now i get it - mortgage payoff

prudent wrote:I think another aspect often overlooked is that many people do not get a dollar for dollar deduction of mortgage interest once the standard deduction is factored in.

Exactly.

viewtopic.php?t=31456
by mptfan
Sat Apr 16, 2016 10:16 am
Forum: Personal Finance (Not Investing)
Topic: mortgage pre payment, why?
Replies: 101
Views: 10270

Re: mortgage pre payment, why?

Keeping a mortgage gives you more liquidity. I'd rather have 500K in cash and a 500K mortgage, then no cash and no mortgage. An extreme example of course. I understand that your example is extreme to prove a point, but I disagree, I would rather have no debt and no mortgage. You are entitled to you...
by mptfan
Sat Apr 16, 2016 4:35 am
Forum: Personal Finance (Not Investing)
Topic: Joint checking/savings account question
Replies: 3
Views: 562

Re: Joint checking/savings account question

arandomdude84 wrote:I've never heard of this before so I was wondering if anyone knows if this is a common practice or even necessary??

Yes it is common and no it is not necessary.
by mptfan
Sat Apr 16, 2016 4:24 am
Forum: Personal Finance (Not Investing)
Topic: mortgage pre payment, why?
Replies: 101
Views: 10270

Re: mortgage pre payment, why?

Keeping a mortgage gives you more liquidity. I'd rather have 500K in cash and a 500K mortgage, then no cash and no mortgage. An extreme example of course. I understand that your example is extreme to prove a point, but I disagree, I would rather have no debt and no mortgage. You are entitled to you...
by mptfan
Sat Apr 16, 2016 4:08 am
Forum: Personal Finance (Not Investing)
Topic: mortgage pre payment, why?
Replies: 101
Views: 10270

Re: mortgage pre payment, why?

Reasons NOT to be in a hurry to pay off your house. Its a pretty low return investment A mortgage is a liability not an investment. - my 30 year fixed mortage at 3.875. Here is high tax california, I have a marginal tax rate of 42% up to 50% some years. So my effective mortgage rate is about 2%. Ma...
by mptfan
Fri Apr 15, 2016 1:12 pm
Forum: Personal Consumer Issues
Topic: My neighborhood is too quiet (and no kids)
Replies: 44
Views: 4562

Re: My neighborhood is too quiet (and no kids)

It sounds great to me, I don't see the problem.
by mptfan
Fri Apr 15, 2016 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: Time to follow the Boglehead way?
Replies: 28
Views: 3077

Re: Time to follow the Boglehead way?

If I had more than a million in non-retirement funds and a 258k mortgage, the first thing I would do is pay off the mortgage. Also, you have WAY too many funds. Simplify. Again, I would start by selling many of the funds in the non-retirement fund and pay off my mortgage. With the funds that were le...
by mptfan
Fri Apr 15, 2016 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: Magic Number? How much to save for retirement
Replies: 45
Views: 6071

Re: Magic Number? How much to save for retirement

1) Determine how much you are spending now, after taxes. Ideally, you want several years of data to get a good average number. This is probably the most important step. 2) Determine how much of your spending will go away in retirement (e.g. mortgage, student loans, kids expenses, college for kids, c...
by mptfan
Fri Apr 15, 2016 12:29 pm
Forum: Investing - Theory, News & General
Topic: If wall street is rigged and corrupt , why invest in it?
Replies: 64
Views: 4444

Re: If wall street is rigged and corrupt , why invest in it?

I once played blackjack next to a guy who kept complaining the whole time he played that the dealer at the casino was cheating....but as he complained, he kept plunking his money down. Made no sense to me why he'd keep playing if he was so certain he was going to lose. It's the same reason why peop...
by mptfan
Wed Apr 13, 2016 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: I would like to know the tax efficient vanguard funds & etfs in order.
Replies: 13
Views: 1004

Re: I would like to know the tax efficient vanguard funds & etfs in order.

The Wizard wrote:
looking wrote:Hello everyone

I would like to know the tax efficient vanguard funds & etfs in order.

Thank you

In order? Alphabetical?

Maybe chronological?
by mptfan
Sun Apr 10, 2016 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: How to get my 29 year old sister into saving....("I don't have any money to save")
Replies: 58
Views: 4949

Re: How to get my 29 year old sister into saving....("I don't have any money to save")

If one reaches the point where the other person can state your views accurately, then they've heard you and that's as much as you can accomplish. Repeating your opinion frequently, and repeating it louder and louder, doesn't accomplish anything more. These are very wise words, and I agree wholehear...
by mptfan
Sat Apr 09, 2016 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: How to get my 29 year old sister into saving....("I don't have any money to save")
Replies: 58
Views: 4949

Re: How to get my 29 year old sister into saving....("I don't have any money to save")

In my experience it does not work. Some people are natural savers, and some are natural spenders. Even though she is your sister, it really is none of your business to try to change her money habits. It's between her and her partner, and if both of them are content, leave it as it is. I would only ...
by mptfan
Sat Apr 09, 2016 12:34 pm
Forum: Personal Consumer Issues
Topic: I'm willing to pay them whatever they want!
Replies: 66
Views: 7377

Re: I'm willing to pay them whatever they want!

Clean running water.
by mptfan
Tue Apr 05, 2016 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Thought I was on the right track, but apparently not
Replies: 60
Views: 4701

Re: Thought I was on the right track, but apparently not

Are you counting home equity in your assets? If so, how much is home equity and how much is retirement savings? I am not counting home equity. That is around $100K The 260K I listed is retirement savings We have another 20K in a savings account Then in that case, you're doing great. Keep up the goo...
by mptfan
Fri Apr 01, 2016 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Big spenders, anybody successfully downsized?
Replies: 30
Views: 4088

Re: Big spenders, anybody successfully downsized?

I'm really not seeing enough to account for $20k per month in spending. In the past we have spent about what you spend on the mortgage ($2600), vacations ($2000), day care ($900), though not the nanny or country club. So I see you are spending about $3k more than us per month on those things. But w...
by mptfan
Wed Mar 30, 2016 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Can't waive fees any longer at Bank of America
Replies: 29
Views: 1612

Re: Can't waive fees any longer at Bank of America

jjface wrote:Really you think they did that because of these low balance accounts and not to make some extra money for themselves? They could easily insist that free accounts need online statements or say no activity then no statement is generated.

There can be more than one reason for doing something.
by mptfan
Wed Mar 30, 2016 12:21 pm
Forum: Investing - Theory, News & General
Topic: It's all about saving, not investing really.
Replies: 84
Views: 7727

Re: It's all about saving, not investing really.

vitaflo wrote:The way I've always thought about it, instead of taking more risk to potentially make 2% more in returns, just save 2% more every year instead. It's much easier and you have more direct influence over it.

That is a false dichotomy...you can do both.
by mptfan
Wed Mar 30, 2016 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Can't waive fees any longer at Bank of America
Replies: 29
Views: 1612

Re: Can't waive fees any longer at Bank of America

To latest post, yes, I do expect them to serve me whether I had $1mil or my $0.06. It a customer service driven world/industry. If they want my business (again, whether a mil or $0.06) they need to earn it. First, let me say that I am not a fan of BoA, I am a former customer of theirs and I left be...
by mptfan
Wed Mar 30, 2016 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Cheaper to trade-in for new truck !?! Is there a free lunch here?
Replies: 23
Views: 2034

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

Blows my mind how many intelligent people don't understand this concept. How exactly does a salesman convince a buyer that extending their payments two more years make a vehicle cheaper? I've heard my brother echo this sentiment countless times as he trades up for a newer vehicle. I think a lot of ...
by mptfan
Tue Mar 29, 2016 7:03 am
Forum: Investing - Help with Personal Investments
Topic: Please help me take the decision - Fire the “Financial Advisor”…or not?
Replies: 18
Views: 1398

Re: Please help me take the decision - Fire the “Financial Advisor”…or not?

In addition to the high cost, I have a real concern that your advisor has invested you in 18 different funds. He is attempting to create the appearance that investing is a complex endeavor and you could not possibly figure out all of the complexity yourself. With all due respect to your advisor, tha...
by mptfan
Tue Mar 29, 2016 6:57 am
Forum: Personal Finance (Not Investing)
Topic: Cheaper to trade-in for new truck !?! Is there a free lunch here?
Replies: 23
Views: 2034

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

Unfortunately, your friend is making a fundamental mistake that most car buyers make... he is defining "cheaper" based solely on the amount of the monthly payment, and that is a HUGE mistake. There are many variables involved in paying for and financing a car... monthly payment, term of th...
by mptfan
Sun Mar 27, 2016 4:55 pm
Forum: Investing - Theory, News & General
Topic: Interest Rate Hike - Thoughts?
Replies: 40
Views: 3881

Re: Interest Rate Hike - Thoughts?

I'm not sure. If so, where are you getting at? Most people hear "the S&P 500 index is down 1% this year" and they assume that means "the stocks in the SP 500 have returned -1% this year" and that is not true. The bottom line is most people simply do not understand that the p...
by mptfan
Fri Mar 25, 2016 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: sellers want us to waive financing contingency
Replies: 80
Views: 6148

Re: sellers want us to waive financing contingency

And I understand the owner's concerns, as this unique and not cheap property could be off the market for 4-6 weeks and things could fall through with no compensation to them. But that is really not my problem, if they want our full priced offer. We are likely overpaying 'some' and fine with doing s...
by mptfan
Fri Mar 25, 2016 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: sellers want us to waive financing contingency
Replies: 80
Views: 6148

Re: sellers want us to waive financing contingency

When sold our last house, we accepted a contract contingent on the buyer getting financing. As soon as the house it was under contract, many realtors lost interest in showing it. It took several months for the prospective buyers to come up with the money. In the meantime, because the sale was uncer...
by mptfan
Wed Mar 16, 2016 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: How to convince high NW father to dump his financial advisor?
Replies: 69
Views: 6494

Re: How to convince high NW father to dump his financial advisor?

psystal wrote:Eventually, he'll reach a point where he's interested in learning more, and when he starts asking you can be more open and direct.

Or, he will not be interested in learning more no matter what you do, in which case I would drop it.

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