Search found 539 matches

by nimo956
Wed Feb 03, 2016 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Clueless college new grad 22 yo, 200k income looking to start saving
Replies: 141
Views: 10389

Re: Clueless college new grad 22 yo, 200k income looking to start saving

Your itemized expenses total $16,000 a month. You are already spending more than you earn. You need to get realistic about what you can afford on your income. It is a nice income right out of the gate but it can't buy everything. Gill I read the $10k in gifts/trips as an annual expense, so maybe $7...
by nimo956
Wed Feb 03, 2016 11:45 am
Forum: Investing - Help with Personal Investments
Topic: Clueless college new grad 22 yo, 200k income looking to start saving
Replies: 141
Views: 10389

Re: Clueless college new grad 22 yo, 200k income looking to start saving

I clicked on this thread feeling excited for you and slightly envious, but now I just feel sorry because I get the sense from your post that you are already becoming trapped in a high cost lifestyle before you even start working. If you continue down this path, you'll be working forever. With that i...
by nimo956
Thu Jan 07, 2016 4:19 pm
Forum: Personal Consumer Issues
Topic: Jackpot Now Estimated $700 Million, who's in?
Replies: 149
Views: 5696

Re: Jackpot Now Estimated $700 Million, who's in?

Here's something that puzzles me. Many people have no interest in buying a lottery ticket when the prize is "only" around $200 million, but become very interested when the prize gets up above, say $400 or $500 million. Is the chance of winning $200 million simply not enticing enough, not ...
by nimo956
Thu Jan 07, 2016 12:37 pm
Forum: Personal Consumer Issues
Topic: Jackpot Now Estimated $700 Million, who's in?
Replies: 149
Views: 5696

Re: Jackpot Now Estimated $700 Million, who's in?

As I mentioned in the previous thread about this, the odds of winning the jackpot are the same as being 1 of 25 people selected at random out of the entire world population. Thinking about the odds in more concrete terms makes it obvious how unbelievably unlikely it is to win.
by nimo956
Mon Jan 04, 2016 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Lottery - lump sum or annual payout?
Replies: 75
Views: 6046

Re: Lottery - lump sum or annual payout?

From the Powerball website, the odds of winning the jackpot are 1 in 292,201,338. There are 7.3 billion people on the planet, so if you pick 25 at random, the odds that you are one of those people are the same as the odds of winning the jackpot.

25 people out of the entire world!
by nimo956
Tue Dec 15, 2015 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: Recent college grad investing 6% income
Replies: 12
Views: 897

Re: Recent college grad investing 6% income

investor1993 wrote:Thanks for this information. I updated my post--my tax bracket is 25%.


You are most likely in the 15% tax bracket. You should read up on how that's calculated, as it's important to understand how taxes work.
by nimo956
Mon Dec 07, 2015 9:54 am
Forum: Investing - Help with Personal Investments
Topic: No-brainer to do Mega Backdoor Roth?
Replies: 4
Views: 761

Re: No-brainer to do Mega Backdoor Roth?

Thanks for the replies everyone.
by nimo956
Thu Dec 03, 2015 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: No-brainer to do Mega Backdoor Roth?
Replies: 4
Views: 761

No-brainer to do Mega Backdoor Roth?

Emergency funds: $10k Debt: $0 Tax Filing Status: Single Tax Rate: 15% Federal, 5.15% State State of Residence: MA Age: 29 Desired Asset allocation: 100% stocks / 0% bonds Desired International allocation: 50% of stocks Current retirement assets Taxable $23k (12%) His 401k $124k (63%) His Roth IRA a...
by nimo956
Fri Nov 06, 2015 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Need Advice - Young Engineer pondering of switching Great Job for more $$
Replies: 25
Views: 1725

Re: Need Advice - Young Engineer pondering of switching Great Job for more $$

A more apples to apples comparison would be total compensation comparison, which would would be 100K/year --> 240K/year ish (about 2.4 times increase) . Keep in mind the 240K/year calculation includes 20 hours of OT assumed worked per week where as the 100K/year total compensation only includes bas...
by nimo956
Fri Nov 06, 2015 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Need Advice - Young Engineer pondering of switching Great Job for more $$
Replies: 25
Views: 1725

Re: Need Advice - Young Engineer pondering of switching Great Job for more $$

Would you be moving from a salaried position to an independent contractor? If so, the reason for the higher salary may be to help offset some of the costs you'd now have to cover. Also, is the new job in a higher cost of living area? Be sure that you're comparing apples to apples when evaluating thi...
by nimo956
Fri Oct 09, 2015 10:23 pm
Forum: Personal Consumer Issues
Topic: Planning a trip to Rome, need advice
Replies: 49
Views: 3284

Re: Planning a trip to Rome, need advice

Don't take any taxis in Rome if possible. They are all scams. Will drive around in circles, charge bag fees, etc. Read up about the trick with the 5 and 20 euro bill described in Rick Steve's book. Also, be careful of tourist trap restaurants with mediocre, overpriced food. The best restaurants won'...
by nimo956
Wed Oct 07, 2015 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: Trying out the stock market.
Replies: 48
Views: 1767

Re: Trying out the stock market.

amoncada88 wrote:I only owe $4000 in my car that I don't want to pay off to build credit


That is a mistake. Paying interest doesn't build credit. You should take $4k from our savings and pay the car off in full.
by nimo956
Fri Oct 02, 2015 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Help with Fund Choices
Replies: 7
Views: 289

Re: Help with Fund Choices

I'd like an asset allocation of 50% US Stock, 30% international stock, and 20% bonds (I've come to this allocation by reading on the Vanguard site and here, and think it would be a reasonable approach). My current investment allocation is 100% equities, with 80% in the S&P 500, and 20% in the V...
by nimo956
Mon Sep 28, 2015 10:52 am
Forum: Investing - Theory, News & General
Topic: Should You Buy On The Dips?
Replies: 45
Views: 4311

Re: Should You Buy On The Dips?

Here's my scientific refutation of buying on dips:

Image
by nimo956
Mon Sep 28, 2015 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Is private high school "worth it"?
Replies: 130
Views: 7128

Re: Is private high school "worth it"?

What you are paying for in a top private school is the access to guidance counselors to help with college admissions. These counselors often have strong connections to the admissions staff at the Ivys/Stanford/MIT. They can actually call them up and advocate on your child's behalf. I would look clos...
by nimo956
Fri Sep 25, 2015 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Disagreements with future spouse over finances: advice for young adult?
Replies: 67
Views: 5938

Re: Disagreements with future spouse over finances: advice for young adult?

Seems like an gross over-reaction on your part. I felt it important to begin saving immediately for expected, increased expenses, whereas she believed the expenses (and ramping up of savings) could happen much more gradually. What expenses are you talking about? Starting a 529 account, house down pa...
by nimo956
Fri Sep 25, 2015 9:07 am
Forum: Personal Consumer Issues
Topic: Talk me out of 4500 purchase [Camera]
Replies: 122
Views: 6696

Re: Talk me out of 4500 purchase [Camera]

If you were a real photographer, you'd leave this digital nonsense behind and get a camera like this! I'm only half kidding.

Image
by nimo956
Sat Sep 05, 2015 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Another Job Change Question
Replies: 6
Views: 575

Re: Another Job Change Question

Tell Company A that the salary is too low and that you'd need a 30% raise to even consider moving.
by nimo956
Wed Sep 02, 2015 12:02 pm
Forum: Investing - Theory, News & General
Topic: Taylor Larimore's History of World Events
Replies: 3
Views: 964

Re: Taylor Larimore's History of World Events

Thank you! This is exactly what I was trying to find.
by nimo956
Wed Sep 02, 2015 9:43 am
Forum: Investing - Theory, News & General
Topic: Taylor Larimore's History of World Events
Replies: 3
Views: 964

Taylor Larimore's History of World Events

I remember seeing a table posted by Taylor Larimore that listed the year, going back to 1900 or so, along with the significant world events that occurred during that year. I found it to be a great way to refute the argument that people shouldn't invest in the stock market because of XYZ in the news....
by nimo956
Tue Aug 25, 2015 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Not pleased with promotion. What to do?
Replies: 15
Views: 3399

Re: Not pleased with promotion. What to do?

The managers job is now yours. That is the one with access and visibility to senior leadership. That is the one that will determine your long term success. Prioritize that. The old job will have to be de-prioritized. Set up "office hours" of a few hours a week where you respond to emails....
by nimo956
Tue Aug 25, 2015 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Not pleased with promotion. What to do?
Replies: 15
Views: 3399

Not pleased with promotion. What to do?

A few months ago, my immediate manager accepted a new position in a different department within our company. I'm part of a small team, with only one other person and my manager's supervisor. I was promoted to my manager's position and received a 35% raise. The problem is that my department did not g...
by nimo956
Thu Aug 06, 2015 9:20 am
Forum: Personal Finance (Not Investing)
Topic: College Admission Time, What parents need to be aware and how to be helpful
Replies: 238
Views: 17207

Re: College Admission Time, What parents need to be aware and how to be helpful

Be sure not to rule out small liberal arts colleges that might provide more support for undergraduates than larger research universities. Anecdotally, a friend of mine thrived as a math major at Williams, whereas I found the support and guidance at Cornell to be lacking. This is an important conside...
by nimo956
Wed Jul 29, 2015 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Hefty Medical Bill
Replies: 38
Views: 3136

Re: Hefty Medical Bill

Read the Time Magazine article titled, "Bitter Pill: Why Medical Bills Are Killing Us," by Steven Brill. It breaks down, in great detail, hospital bills for people without insurance. He also mentions that there are people you can hire to help negotiate on your behalf. Two companies he ment...
by nimo956
Wed Jul 29, 2015 7:31 am
Forum: Personal Consumer Issues
Topic: Mandatory vehicle collision avoidance systems are coming
Replies: 43
Views: 3122

Re: Mandatory vehicle collision avoidance systems are coming

madbrain wrote:there is no way it will happen in 10 years.


Functioning prototypes already exist today. If people want the technology, the change will happen quickly. The first iPhone was released in the middle of 2007. How many people today use smartphones?
by nimo956
Wed Jul 29, 2015 5:32 am
Forum: Personal Consumer Issues
Topic: Mandatory vehicle collision avoidance systems are coming
Replies: 43
Views: 3122

Re: Mandatory vehicle collision avoidance systems are coming

The robotic cars are coming! In 10 years I predict: 1. There will be no more taxi drivers, truck drivers, DMV, or traffic lights/regulations. 2. People won't even own cars anymore (no more car loans or dealerships). All cars will be owned and operated by centralized taxi services. If you want to go ...
by nimo956
Tue Jul 07, 2015 10:20 am
Forum: Investing - Theory, News & General
Topic: Age in Bonds Revisited: Vanguard Target Fund uses 90% Equities until Age 40?!?
Replies: 15
Views: 1315

Re: Age in Bonds Revisited: Vanguard Target Fund uses 90% Equities until Age 40?!?

Also keep in mind that VG's TR funds need to compete with other company's offerings. Higher stock allocations will give better 1, 3 and 5 year returns in a rising market (which is all most people probably look at when choosing a fund).
by nimo956
Tue Jun 30, 2015 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Obsessing towards zero balance on credit card.
Replies: 158
Views: 13683

Re: Obsessing towards zero balance on credit card.

I pay my CC off early all the time. I reason that once I see the money leave my bank account I'm less likely to charge more/impulse buy. It helps keep my spending in check.
by nimo956
Fri Jun 19, 2015 1:36 pm
Forum: Investing - Help with Personal Investments
Topic: Investing 11 Million Dollar Gift
Replies: 80
Views: 13153

Re: Investing 11 Million Dollar Gift

I can't believe all the recommendations to pay AUM fees. All you need is three funds: Total US Stock Market (over 3k different stocks) Total Intl Stock Market (over 9k different stocks) Intermediate-term Muni Fund (or a state muni fund, depending upon where you live and whether you pay state income ...
by nimo956
Wed Jun 17, 2015 8:17 am
Forum: Personal Consumer Issues
Topic: Best "All Around Lens" for Nikon DSLRs?
Replies: 105
Views: 10219

Re: Best "All Around Lens" for Nikon DSLRs?

Forget about zoom lenses that try to do it all. They typically have variable apertures which greatly limit your ability to get sharp handheld exposures, unless you are in broad daylight. Also, you will come to realize that you really only use the shortest or longest focal length with the zoom lens, ...
by nimo956
Fri May 22, 2015 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Are we doing enough?
Replies: 7
Views: 1080

Re: Are we doing enough?

No where in your post did you mention your projected annual expenses in retirement. Have you gone through this exercise? Will your pension income be enough or will you need to supplement it by drawing down your savings?
by nimo956
Tue May 12, 2015 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Vintage guitars near LA
Replies: 8
Views: 681

Re: Vintage guitars near LA

Guitar Salon for handmade classical and flamenco guitars.

http://www.guitarsalon.com/store/newarrivals.php
by nimo956
Wed Apr 29, 2015 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: 25 Y/O - where to put surplus money
Replies: 10
Views: 1587

Re: 25 Y/O - where to put surplus money

JstSomeGuy wrote:New annual Contributions
- 22% of salary into 401(k). Company matches 50% up to the IRS maximum. 22.5% would max me out but Fidelity won't allow decimals in the contribution amount.


Change this to 23%. Most companies stop you from going over the $18k limit.
by nimo956
Tue Apr 28, 2015 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Take Two. New complicated member needs help in several areas
Replies: 37
Views: 2535

Re: Take Two. New complicated member needs help in several a

You are comparing your current marginal rate with your future average rate. Your marginal rate now is the rate at which your last dollar is taxed. For a high earner, every 401k dollar contributed is in the highest bracket (39.6%+). In retirement, however, you have to 'fill up' the lower tax bracket...
by nimo956
Mon Apr 27, 2015 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Help getting rid of debt
Replies: 56
Views: 3936

Re: Help getting rid of debt

I meant to add that when you are looking at your budget there will be easy and hard things to cut. If you order your expenses by amount, you'll likely find that the "hard" things you don't want to cut are your largest expenses, like housing, car, etc. Savings $2 a day by making your own co...
by nimo956
Mon Apr 27, 2015 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Help getting rid of debt
Replies: 56
Views: 3936

Re: Help getting rid of debt

I'm not sure where you live, but have you thought of selling your house and moving closer to work (like 10 min drive away)? A 70 mile commute sounds brutal to me.
by nimo956
Tue Apr 21, 2015 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Single best piece of personal finance advice ever received?
Replies: 90
Views: 8268

Re: Single best piece of personal finance advice ever receiv

High school kids won't care about financial planning because they are 5+ years away from having their first real job. What I would have found helpful would be to show a list of professions with starting and mid-level salary. Then link specific majors/fields of study with those career paths. Aim high...
by nimo956
Tue Apr 21, 2015 11:02 am
Forum: Personal Finance (Not Investing)
Topic: What's your average monthly expense???
Replies: 85
Views: 9502

Re: What's your average monthly expense???

Monthly Budget Retirement Savings: $2208 Rent: $1205 Dental/Medical: $183 Utilities + Internet: $110 Gas: $70 Disability/Renter's Insurance: $111 Groceries: $220 Haircut: $20 I'm single and living in Boston, MA. Everything above is a required monthly expense. I don't really track discretionary spend...
by nimo956
Fri Apr 17, 2015 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Stocks are on sale, should I buy?
Replies: 54
Views: 6534

Re: Stocks are on sale, should I buy?

I'm sorry everyone. I had a few $k lying around the other day so I decided to buy VTI and VXUS yesterday. My bad :(
by nimo956
Tue Apr 07, 2015 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 20853

Re: Cost of College & Weighing the Merits of Top Schools

I would say if a kid is successful, they will be successful no matter where they go. However, being in one of the top schools does give you a leg up over students at other schools. An average student at a top school is going to be better off than an average student in an average school. The field o...
by nimo956
Wed Apr 01, 2015 11:52 am
Forum: Personal Consumer Issues
Topic: Use work phone as primary phone?
Replies: 13
Views: 831

Use work phone as primary phone?

Im finally getting a company iphone, fully paid for by work. Im wondering if it's wise to also use this as my personal phone. I'd really love to cancel my plan with ATT and save $50 per month. What are the downsides, if any?
by nimo956
Thu Mar 26, 2015 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: New job, trying to setup my 401(k)
Replies: 11
Views: 1075

Re: New job, trying to setup my 401(k)

Your best options are likely: Vanguard 500 Vanguard Mid Cap Vanguard Small Cap I personally do something like 70% 500 Index, 30% Small Cap to approximate the Total Stock Market. I'm unfamiliar with your bond options, but if you choose to include bonds in your portfolio, I'd pick the one with the low...
by nimo956
Wed Mar 25, 2015 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: Treasuries vs. Treasury Funds?
Replies: 6
Views: 955

Re: Treasuries vs. Treasury Funds?

There's no expense ratio when you buy regular treasuries. Also, at Vanguard at least, there is no commission to buy and sell.
by nimo956
Thu Mar 19, 2015 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for good friend
Replies: 38
Views: 3902

Re: Advice for good friend

Have you misinterpreted that this adviser has control over her savings and checking account? That would be highly unusual, and I'd consider it unethical too. The far more likely scenario would be that she chooses to allocate a certain % of her paycheck to a 401k, and he tells her which funds that mo...
by nimo956
Wed Mar 18, 2015 12:09 pm
Forum: Investing - Theory, News & General
Topic: Robinhood Investing App
Replies: 13
Views: 1970

Re: Robinhood Investing App

While I don't trade much at all, I think eliminating made up trading fees that don't actually cost the brokerage anything is a good thing. This is just another example of competition lowering costs for the consumer.
by nimo956
Tue Mar 17, 2015 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Got a promotion, but still need to discuss salary
Replies: 9
Views: 1535

Re: Got a promotion, but still need to discuss salary

HomerJ wrote:(Unless you started at $20k 6 years ago).


The entry level starting salary was low 6 years ago (though not that low). This could be my opportunity to significantly increase my earnings. It seems that the consensus though is to just accept what is offered.
by nimo956
Tue Mar 17, 2015 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Got a promotion, but still need to discuss salary
Replies: 9
Views: 1535

Got a promotion, but still need to discuss salary

My former manager accepted a new position in a different department. His manager submitted a proposal to have me promoted, and take on the responsibilities of my old boss. I was informed today that the promotion was approved by the senior leadership, and that he is now discussing it with HR. I feel ...
by nimo956
Fri Mar 13, 2015 5:52 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for New Investor w/ Tons of Graduate Debt
Replies: 33
Views: 3605

Re: Advice for New Investor w/ Tons of Graduate Debt

I have no experience with them, but others have mentioned to look into SoFi to consolidate your loans at a lower rate. Do some searches on this board to see about the company (and others). Also make sure you understand what benefits you may give up by consolidating, like any loan forgiveness options.
by nimo956
Fri Mar 13, 2015 11:47 am
Forum: Investing - Theory, News & General
Topic: The Permanent Portfolio as an accumulation portfolio
Replies: 24
Views: 4106

Re: The Permanent Portfolio as an accumulation portfolio

Just for a point of reference, what was the compound annual return and max DD of a 100% stock portfolio with an accumulator investing equal amounts each year starting in 1972?
by nimo956
Mon Mar 09, 2015 11:50 am
Forum: Personal Consumer Issues
Topic: Best Classical Music Box Sets?
Replies: 39
Views: 5173

Re: Best Classical Music Box Sets?

While this may not make sense economically, I would recommend NOT buying any of the huge box sets. There is often too much material to listen to anyway. I think a more focused approach is more rewarding. Find out which pieces you like (either by listening on YouTube or seeing what people recommend b...

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