Search found 125 matches

by nelson1015
Tue Mar 14, 2017 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Would this influence your Decision? rent vs buy
Replies: 1
Views: 238

Would this influence your Decision? rent vs buy

http://business.fau.edu/departments/finance/real-estate-initiative/bhj-buy-vs-rent-index/bhj-summary/index.aspx#.WMhVn2_ytpj My personal situation changed recently and I've been renting. Rent in Denver, CO is pretty high but so is housing. I'm sitting on a cash position and considering when and if t...
by nelson1015
Wed Dec 21, 2016 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Paying extra on mortgage
Replies: 27
Views: 3168

Re: Paying extra on mortgage

I'm debt adverse so I always lean to paying off more debt. However, I also believe in diversification. So ideally invest in your 401k, your roth, pay a little extra each month on your mortgage and put some in taxable. This way you are diversifying across all strategies. The big thing with paying ext...
by nelson1015
Wed Dec 21, 2016 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: Pre-pay mortgage vs Taxable?
Replies: 54
Views: 4165

Re: Pre-pay mortgage vs Taxable?

If one has the discipline to not spend a taxable account earmarked for the mortgage for anything besides paying off a mortgage or an emergency I would never prepay. Contrary to popular belief money you prepay does not reduce any interest you owe on your mortgage until which time it is paid in full....
by nelson1015
Wed Dec 21, 2016 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Sell house to invest?
Replies: 8
Views: 588

Re: Sell house to invest?

I'm replying assuming this isn't a troll post. I would keep the house with 2 kids. It sounds like you make and save enough money that you don't need to do something as drastic as live in an RV park.
by nelson1015
Wed Dec 21, 2016 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: Pre-pay mortgage vs Taxable?
Replies: 54
Views: 4165

Re: Pre-pay mortgage vs Taxable?

I'd pay off the mortgage since you're so close!
by nelson1015
Wed Dec 21, 2016 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on Portfolio / Savings
Replies: 13
Views: 1290

Re: Advice on Portfolio / Savings

I think most bogleheads wouldn't assume any return. Currently, valuations of stocks are high and there are many people out there that are predicting much lower returns for the next 10 years. The boglehead approach would be to ignore all that noise, and basically just save as much as possible. The re...
by nelson1015
Fri Feb 12, 2016 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with $13 of hobby money?
Replies: 54
Views: 3145

Re: What to do with $13 of hobby money?

More information is needed before I can provide you with good advice. What is your current AA? Are you maxing all of your retirement vehicles? Are you maxing out your HSA? What is the state income tax percentage in the state you live? Are you married or single? Blood type? Are you planning on buying...
by nelson1015
Tue Feb 09, 2016 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Finally a budget revised - Goals/Priorities
Replies: 21
Views: 1741

Re: Finally a budget revised - Goals/Priorities

$100 per month for eating out and starbucks is not too much, It's too little!!!! A good starter savings rate is 20% in my opinion. If you can save 20% yearly you should be just fine over the long haul.
by nelson1015
Thu Feb 04, 2016 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Extra Cash - Need Opinions
Replies: 14
Views: 964

Re: Extra Cash - Need Opinions

dziuniek wrote:When will you need to replace the car or add a second car>? if soon -> CDs and buy the next one for cash :)


Have 2 cars, both are newish. Won't be replacing either anytime soon. I've never owned CDs though and I have toyed with the idea of putting some cash in CDs.
by nelson1015
Thu Feb 04, 2016 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: Extra Cash - Need Opinions
Replies: 14
Views: 964

Re: Extra Cash - Need Opinions

Thanks for all the replies. A some additional information -Current E Fund is 7-8 months. The additional funds would put the E Fund very close to 12 months -Ages 32,30 -I'm fairly debt adverse. The eventual goal is to have no debt including house. This is for peace of mind, job flexibility and increa...
by nelson1015
Thu Feb 04, 2016 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Extra Cash - Need Opinions
Replies: 14
Views: 964

Extra Cash - Need Opinions

I have about 25k in extra cash in my E-Fund. I'm looking at the following options. a. Pay off car loan @ 0% interest - Balance 21.8k b. Put towards house principal. 213k owed @ 3.375 - 13 years and change left on loan c. Invest in taxable according to AA d. Do nothing, sit on the money in cash I'm l...
by nelson1015
Wed Jan 20, 2016 10:13 am
Forum: Investing - Help with Personal Investments
Topic: Cash-on-the-sidelines thread
Replies: 39
Views: 5338

Re: Cash-on-the-sidelines thread

I have some extra cash due to a recent bonus. I'm considering buying some additional equities on sale.
by nelson1015
Wed Jan 20, 2016 10:09 am
Forum: Investing - Theory, News & General
Topic: Why are REITs not providing any benefit in this market?
Replies: 45
Views: 6089

Re: Why are REITs not providing any benefit in this market?

This is speculation but I believe real estate is at a peak due to being propped up by low interest rates. I don't expect much lift in real estate prices / sector in the near future.
by nelson1015
Tue Jan 12, 2016 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off 2nd mortgage or car loan first?
Replies: 27
Views: 1741

Re: Pay off 2nd mortgage or car loan first?

I'd sell the car and the house, buy a yurt and walk to work. :sharebeer
by nelson1015
Wed Jan 06, 2016 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Excess Cash - Play Monopoly or Repay Debt?
Replies: 94
Views: 12550

Re: Excess Cash - Play Monopoly or Repay Debt?

Great Progress. You look to be in extremely good financial shape. Keep it up!
by nelson1015
Sun Jan 03, 2016 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Savings % Target 2016?
Replies: 168
Views: 12381

Re: Savings % Target 2016?

Wasn't my intentions, In fact it's been very good conversation from many. I simply was stating my savings percentage goal of around 60% gross and there are others hitting right around there in replies so I'm not sure where you are getting "chest thumping". Bringing up my gross income was ...
by nelson1015
Sun Jan 03, 2016 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Savings % Target 2016?
Replies: 168
Views: 12381

Re: Savings % Target 2016?

Not to impute bad motives but the OP's posts are unreachable for most people and this seems awfully akin to chest thumping. I'm referring specifically to the comments saving 60% of gross and over 600k gross salary. After you add federal taxes, state taxes, social security, medical costs, property ta...
by nelson1015
Tue Dec 29, 2015 10:05 am
Forum: Personal Finance (Not Investing)
Topic: What age did you hit $100,000?
Replies: 136
Views: 22089

Re: What age did you hit $100,000?

Is this 100k net worth or 100k in total cash investments? If it's in cash investments I just obtained it this year at 32 years old.
by nelson1015
Thu Dec 17, 2015 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Can I Afford an $800k Home on $4K/month Take Home?
Replies: 146
Views: 14545

Re: Can I Afford an $800k Home on $4K/month Take Home?

Based upon your take home pay there's no way in hell you can afford it. Even with your high amount of savings I wouldn't recommend it. My monthly take home is over double yours and I wouldn't buy an 800k home.
by nelson1015
Thu Dec 17, 2015 10:58 am
Forum: Investing - Help with Personal Investments
Topic: Foreign Bonds in Vanguard Target date funds
Replies: 1
Views: 208

Foreign Bonds in Vanguard Target date funds

I use the Vanguard Target date Funds exclusively in my 401k due to the low expense fees and lack of other compelling options. However, I noticed a significant amount of the bond allocation is in Foreign Bonds. Information that I've read on this website in the past seemed to recommend sticking to dom...
by nelson1015
Tue Nov 24, 2015 11:16 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts on paying Mortgage down vs Investing
Replies: 45
Views: 4044

Re: Thoughts on paying Mortgage down vs Investing

I believe in a diversified debt adverse approach. I'm all for paying the mortgage down as long as you also have plenty of liquidity and are saving enough for retirement at the same time. No one should ever put all their eggs in one basket.
by nelson1015
Tue Nov 24, 2015 11:14 am
Forum: Investing - Help with Personal Investments
Topic: Safe retirement withdrawal rate for early retirement?
Replies: 46
Views: 7143

Re: Safe retirement withdrawal rate for early retirement?

I love how all bogleheads think they're living until 95. I don't know any men in my family that got even close to 95. In fact I think I can safely say that I don't want to live to 95. I can't imagine what sort of quality of life that I would have.
by nelson1015
Thu Oct 01, 2015 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: Stocks vs Bonds vs Debt
Replies: 10
Views: 1004

Re: Stocks vs Bonds vs Debt

No one can make this call for you as it comes down to personal risk tolerance. I run a 82% stock 18% bond portfolio and I'm 32. I personally favor a balanced approach. Some of my money goes into tax deffered, taxable, debt paydown. My taxable also does include bonds. I use bonds as a way to hedge my...
by nelson1015
Mon Sep 28, 2015 11:23 am
Forum: Personal Finance (Not Investing)
Topic: % Net Worth Change Since New Year's 2015
Replies: 95
Views: 10300

Re: % Net Worth Change Since New Year's 2015

+25% approx YTD +House Value Increasing +Savings -Market Losses My savings have been offsetting my portfolio loss but my portfolio is low 6 figures. I'm in my accumulation stage in my early 30's. I check my Net Worth almost daily as I log into Mint almost daily. Mint does do rough valuations of your...
by nelson1015
Wed Sep 23, 2015 4:52 pm
Forum: Personal Consumer Issues
Topic: What is an ideal vehicle to handle a long commute?
Replies: 93
Views: 7545

Re: What is an ideal vehicle to handle a long commute?

Subaru Legacys are a popular sedan in snow areas due to being AWD. I drive a Camry and do fine in the snow unless it's severe. Then, I work from home.
by nelson1015
Tue Sep 22, 2015 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: Please help. Need Advice. Negative Rate of return on 401k and Roth IRA.
Replies: 33
Views: 11573

Re: Please help. Need Advice. Negative Rate of return on 401k and Roth IRA.

I would lower your retirement contributions until you get at least a 6 month emergency fund. Contribute enough to get the match, do the Roth and then get that emergency fund fully funded. It's important to have that efund to fall back on.
by nelson1015
Mon Aug 31, 2015 11:55 am
Forum: Personal Finance (Not Investing)
Topic: About to close on a home we have overbid on - have cold feet
Replies: 74
Views: 11976

Re: About to close on a home we have overbid on - have cold feet

This sounds like a horrible decision to me. I'd run away from this house and from buying anything at all given your current situation. I feel like we're at the top of a housing price peak and you don't have your green cards. Given the fact that you could be forced to move at any time I'd rent.
by nelson1015
Wed Jun 10, 2015 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: I need to be group shamed
Replies: 28
Views: 5948

Re: I need to be group shamed

I bought total stock market index shares. It's improving my AA in taxable. My portfolio isnt big enough yet to where I have a hard AA. This was a small amount and something I only do in taxable. Everything else is on a schedule. I'm 32 so I always buy...never sell.
by nelson1015
Tue Jun 09, 2015 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: I need to be group shamed
Replies: 28
Views: 5948

Re: I need to be group shamed

I bought a little today on the dip. I deserve to be group shamed. I added to my taxable portfolio and it wasn't scheduled. Bring on the torches, I am a heretic. =) The dip wasn't big enough. Livesoft will tell you that it's best to wait for a Really Bad Day. Let he who who has never market timed ca...
by nelson1015
Tue Jun 09, 2015 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: I need to be group shamed
Replies: 28
Views: 5948

I need to be group shamed

I bought a little today on the dip. I deserve to be group shamed. I added to my taxable portfolio and it wasn't scheduled. Bring on the torches, I am a heretic.

=)
by nelson1015
Fri Nov 14, 2014 12:58 pm
Forum: Personal Consumer Issues
Topic: Does anyone here make "fun" purchases.
Replies: 111
Views: 13008

Re: Does anyone here make "fun" purchases.

We spend a lot of money on trips, eating out and other things as well. However, I am constantly working to ensure that our spending doesn't cause us to sacrifice our savings. Right now we make enough money that we can spend a decent amount and still save quite a bit. I personally like spending money...
by nelson1015
Wed Nov 12, 2014 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 322
Views: 69648

Re: If your networth is over $3 million, how did you do it?

Of course, to have $1.5MM in March 2009 probably meant they had $2 MM in late 2007 and it also meant they were contributing to a taxable account, too. That is, they were living well below their means. Let's assume that someone had $2 MM in an S&P 500 index fund in October 2007 when the S&P ...
by nelson1015
Wed Nov 12, 2014 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 322
Views: 69648

Re: If your networth is over $3 million, how did you do it?

And run the numbers for 35-40 years. That's more realistic in today's environment, when the standard retirement age is 67. And that assumes the person/family doesn't start saving until 27 or even 32. I actually started investing at age 22. I only started at age 30, too many years spent getting grad...
by nelson1015
Wed Nov 12, 2014 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 322
Views: 69648

Re: If your networth is over $3 million, how did you do it?

This thread does not distinguish between couples both working, one spouse working, single people. If a couple are both earning high incomes and living relatively frugal lifestyles, it is easier than for a single earner, or any of the other variables. This thread is focused on $3MM of family assets....
by nelson1015
Wed Nov 12, 2014 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Double Cash Credit Card from CITI
Replies: 19
Views: 3141

Re: Double Cash Credit Card from CITI

How many cards do you keep in your wallet? Are you opening new accounts just to capture the difference between say a 1.5% card and a 2% card? I'm not crazy about opening a bunch of credit cards and maximizing rewards. I just got the citi double cash card as I was not getting any return previously (...
by nelson1015
Wed Nov 12, 2014 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Double Cash Credit Card from CITI
Replies: 19
Views: 3141

Re: Double Cash Credit Card from CITI

I just received mine and used it for the first time today.
by nelson1015
Tue Nov 11, 2014 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 322
Views: 69648

Re: If your networth is over $3 million, how did you do it?

Example: Dual Income earners both making 100k each = 200k gross income. In a situation like that you can easily put in 40-50k a year and still live a very comfortable lifestyle. At your rate of saving you will have 3 million in 30 years, but that is not the same as having the equivalent of today's ...
by nelson1015
Tue Nov 11, 2014 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 322
Views: 69648

Re: If your networth is over $3 million, how did you do it?

I don't see how hard work and living below your means could achieve it. It would take putting away $3,000 a month for 30 years and earning 6% to achieve the sum. So how many workers in the US could do that? I had a decent career as a professor at major research universities and had always been supp...
by nelson1015
Tue Nov 11, 2014 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Savings rate of -2% for those under 35 - WSJ
Replies: 69
Views: 6033

Re: Savings rate of -2% for those under 35 - WSJ

I'm not quite a millennial (35), but I think I have observed the behaviors that lead to the -2% savings rate. It's the so-called "good debt" that is causing it, at least in my group of $100-200k HHI peers. 1. Education debt, not prioritizing the payoff. 2. Car debt, finding it acceptable ...
by nelson1015
Tue Nov 11, 2014 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Savings rate of -2% for those under 35 - WSJ
Replies: 69
Views: 6033

Re: Savings rate of -2% for those under 35 - WSJ

I'm not quite a millennial (35), but I think I have observed the behaviors that lead to the -2% savings rate. It's the so-called "good debt" that is causing it, at least in my group of $100-200k HHI peers. 1. Education debt, not prioritizing the payoff. 2. Car debt, finding it acceptable ...
by nelson1015
Tue Nov 11, 2014 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Savings rate of -2% for those under 35 - WSJ
Replies: 69
Views: 6033

Re: Savings rate of -2% for those under 35 - WSJ

I'm 31 and my wife is 29. We are at about a 20% savings rate currently and I expect that rate to increase over time. I love bucking trends. =)
by nelson1015
Tue Nov 11, 2014 11:21 am
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 322
Views: 69648

Re: If your networth is over $3 million, how did you do it?

Work longer, live longer and have full SS and pensions. I'm not there and I don't see any reason to have 3m. I have spent and continue to spend a great deal on travel while I have my health. But I plan to retire at 75 and my needs should be covered by SS and pensions. My savings are for emergencies...
by nelson1015
Tue Nov 11, 2014 10:44 am
Forum: Personal Consumer Issues
Topic: Food Frugality: Where do you draw the line?
Replies: 94
Views: 9074

Re: Food Frugality: Where do you draw the line?

We spend a ton on food, mostly due to eating out a lot.
by nelson1015
Fri Nov 07, 2014 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Should we refinance?
Replies: 30
Views: 2861

Re: Should we refinance?

playtothebeat wrote:
nelson1015 wrote:Why should he refi a mortgage that he's only been in 12-14 months? This doesn't make sense to me at all.


Take advantage of the higher value, which will allow him to eliminate PMI


I'm not aware of any way to eliminate PMI unless your LTV is 80% or less. He is nowhere near that.
by nelson1015
Fri Nov 07, 2014 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Should we refinance?
Replies: 30
Views: 2861

Re: Should we refinance?

Why should he refi a mortgage that he's only been in 12-14 months? This doesn't make sense to me at all.
by nelson1015
Fri Nov 07, 2014 4:22 pm
Forum: Investing - Theory, News & General
Topic: International Stock Index Potential
Replies: 23
Views: 3842

Re: International Stock Index Potential

Considering this logic should I buy me some GDX too?
by nelson1015
Fri Nov 07, 2014 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Should we refinance?
Replies: 30
Views: 2861

Re: Should we refinance?

I don't think you should refi until you have at least 20% equity.
by nelson1015
Fri Nov 07, 2014 12:57 pm
Forum: Investing - Theory, News & General
Topic: International Stock Index Potential
Replies: 23
Views: 3842

Re: International Stock Index Potential

I dunno. I'm in VGTSX and it kind of has been stinky.
by nelson1015
Fri Nov 07, 2014 12:17 pm
Forum: Investing - Theory, News & General
Topic: The Sky is Falling
Replies: 36
Views: 7084

Re: The Sky is Falling

livesoft wrote:But tell me you bought GDX the other day. :twisted:


Great 5 year return on that one.
by nelson1015
Fri Nov 07, 2014 12:07 pm
Forum: Investing - Theory, News & General
Topic: The Sky is Falling
Replies: 36
Views: 7084

Re: The Sky is Falling

Not that it matters as everyone here is diversified and buy/hold investors, but..... I told myself that next time we were in a crazy stock bubble, I would realize it. Now I look at the crazy IPO's going on with companies that have no earnings or chance of earnings for a long time raising millions. ...

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