Search found 2148 matches

by ofcmetz
Sun Sep 25, 2016 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Net Worth Milestone Today - $1.5M
Replies: 67
Views: 7291

Re: Net Worth Milestone Today - $1.5M

Congrats Meg! I respect that you are able to use leverage in real estate the way you have. I've seen your other posts and I think you realize the risks. I have made giving part of my budget and like to give along the way. My favorite way to celebrate is with a nice meal and glass of good scotch. Lis...
by ofcmetz
Thu Sep 22, 2016 1:15 am
Forum: Personal Finance (Not Investing)
Topic: Should i buy this house?
Replies: 22
Views: 2394

Re: Should i buy this house?

I would hate to have a house where I heard highway noise constantly outside. Of course I love just sitting outside in the middle of the night and listening to light music from my cellphone or having conversations with the wife. I would keep looking if it were me.
by ofcmetz
Tue Sep 20, 2016 4:23 am
Forum: Personal Finance (Not Investing)
Topic: Pension Lump Sum - Age 32
Replies: 18
Views: 2080

Re: Pension Lump Sum - Age 32

I would take the option 2 and put it into a traditional IRA at Vanguard or Fidelity. It's a long time to wait on the pension and who knows what inflation will do between now and then.
by ofcmetz
Mon Sep 19, 2016 3:57 am
Forum: Investing - Theory, News & General
Topic: "Some Things I Know to be True"
Replies: 7
Views: 2096

Re: "Some Things I Know to be True"

I'm so happy to be keeping more of my investment returns. Thank you Mr. Bogle.

Thanks for the link Taylor. I thought about you today while touring the WW2 museum in New Orleans with my son.
by ofcmetz
Mon Sep 19, 2016 3:55 am
Forum: Investing - Theory, News & General
Topic: Adam Bold's Mutual Fund Stores & Mutual Fund Show (R.I.P.???)
Replies: 4
Views: 796

Re: Adam Bold's Mutual Fund Stores & Mutual Fund Show (R.I.P.???)

In my experience Adam Bold's radio show primarily pushed actively traded funds, and he thought his advisors could pick the hot funds while helping one avoid the bad ones. I choose not to play that game and avoid it by just trying to get the market returns minus fees with plain vanilla index funds. S...
by ofcmetz
Fri Sep 09, 2016 1:34 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3145
Views: 735412

Re: U.S. stocks in freefall

Da5id wrote:We're all doomed! Stocks falling, bonds falling, commodities falling! Dogs and cats living together!

Oh, never mind.


Thanks for raising the hue and cry. For once my deferred comp goes in on a down day. Amazing how calm the markets had been for the last month.
by ofcmetz
Thu Sep 08, 2016 1:33 pm
Forum: Personal Consumer Issues
Topic: How much is your cell phone bill?
Replies: 164
Views: 10516

Re: How much is your cell phone bill?

We buy our phones outright. Pay $135 for unlimited minutes, unlimited texts, and 15 gig data with rollover data.
by ofcmetz
Thu Sep 08, 2016 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Too much life insurance?
Replies: 99
Views: 4569

Re: Too much life insurance?

IMHO, any life insurance is too much. Chances are your heirs would have a better standard of living if you never bought ANY life insurance and instead invested the money you spend on premiums wisely. That is what I did...I'm 64 now, and I KNOW my heirs will come out way ahead . Life insurance is a ...
by ofcmetz
Mon Sep 05, 2016 4:18 am
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 299
Views: 39103

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

if I get there I'll be sure to let you know. I can say that being 37 with the ability to walk with a pension that would immediately pay me 40K a year is nice although not quite the same as looking at 7 figures. This thread is a great read. I'm impressed by the discipline and habits shared by so many...
by ofcmetz
Mon Sep 05, 2016 3:42 am
Forum: Personal Finance (Not Investing)
Topic: Home pay off
Replies: 20
Views: 2820

Re: Home pay off

me 56 DW 54 will be working for 4 to 5 more years EF yes 1,1M in retirement and savings House 11k left in 15Y 5pt This is a dumb question but should I just pay this off and take money I would have put in there and invest ( around $1000 a month). If I was so close and had the cash sitting earning no...
by ofcmetz
Sun Sep 04, 2016 12:54 pm
Forum: Investing - Theory, News & General
Topic: Jonathan Clements Sept. Newsletter
Replies: 7
Views: 2111

Re: Jonathan Clements Sept. Newsletter

Thanks for posting Mel. I enjoyed reading this and will buy his book for my Kindle now too. I whole heartedly agree with his happiness takeaways. Using money for experiences instead of things has been central to our budgetary considerations. I'd rather go to dinner or have an evening with friends an...
by ofcmetz
Sun Sep 04, 2016 12:29 pm
Forum: Investing - Theory, News & General
Topic: Selling all equities, discuss why I'm wrong. :)
Replies: 226
Views: 28440

Re: Selling all equities, discuss why I'm wrong. :)

If someone will let me know when Calais cries uncle and gets back into the market, I will take that as my sign to rebalance out of equities. ^I always knew you were an active market timer letsgobobby. :sharebeer My life has been way to busy this year to do anything but stick with the plan on my IPS...
by ofcmetz
Sun Sep 04, 2016 4:18 am
Forum: Investing - Theory, News & General
Topic: Asness - Indexing Is Capitalism at Its Best
Replies: 8
Views: 1464

Re: Asness - Indexing Is Capitalism at Its Best

Since "indexing is communism" got locked, this topic will too, right? Let's find out if the moderation is about rules or about promoting indexing :twisted: Ugh. I hope not since I am on double secret probation for things that I didn't think were even rule violations. Mercy please! The tim...
by ofcmetz
Sun Sep 04, 2016 4:04 am
Forum: Personal Finance (Not Investing)
Topic: Employer mistakes 100% for 0% contribution to TIAA-CREF
Replies: 24
Views: 2067

Re: Employer mistakes 100% for 0% contribution to TIAA-CREF

Crazy to me when employers only let you change once a quarter. My wife's company falls in that category. I can change my contribution each 2 week pay period on a website from my house while wearing pajamas and drinking medium roast freshly ground coffee.
by ofcmetz
Sun Sep 04, 2016 3:58 am
Forum: Personal Finance (Not Investing)
Topic: How to compare a mega corp job offer to a startup's
Replies: 31
Views: 2583

Re: How to compare a mega corp job offer to a startup's

OP, wish I could give some really useful advice, but your situation is so foreign to me. I've been a governmental employee for 18 years in a field that has no mobility (law enforcement) unless one wants to completely start over. I wouldn't let the lack of a 401K hold me back. Make a spreadsheet and ...
by ofcmetz
Sun Sep 04, 2016 3:38 am
Forum: Personal Finance (Not Investing)
Topic: The Richest Man in Babylon
Replies: 29
Views: 5339

Re: The Richest Man in Babylon

I read a Kindle version a few years ago and will read it again at some point. It's a nice read and contains a lot of wisdom. I highly recommend it.
by ofcmetz
Mon Aug 22, 2016 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowners should consider flood insurance
Replies: 78
Views: 6570

Re: Homeowners should consider flood insurance

For my home it's about $400 a year to insure. There is a lot of new development around me so things could change and I'm a blocked up drain or creek away from flooding. Everything functioned and drained perfectly in my neighborhood this time. Knock on wood
by ofcmetz
Mon Aug 22, 2016 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowners should consider flood insurance
Replies: 78
Views: 6570

Re: Homeowners should consider flood insurance

Ofcmetz, I actually thought of you when I saw the Louisiana photos, hoped you and your family and house were safe, pictured you in the boats saving people. It's hard for us sitting here in front of our computers to truly understand what the Louisiana officers went through. Thanking you for your ser...
by ofcmetz
Mon Aug 22, 2016 12:00 am
Forum: Personal Finance (Not Investing)
Topic: Homeowners should consider flood insurance
Replies: 78
Views: 6570

Homeowners should consider flood insurance

I don't have flood insurance and my house didn't flood last weekend, but you can bet I will be buying it now. About 25% of our police officers homes took water during the great flood that we had here in Louisiana last week. Over half of the people I know who flooded were not insured. They will get a...
by ofcmetz
Fri Aug 12, 2016 4:14 am
Forum: Investing - Theory, News & General
Topic: Is it un-bogle like to time your initial purchase of index funds?
Replies: 14
Views: 1554

Re: Is it un-bogle like to time your initial purchase of index funds?

Buy when you have money to invest. Market timing is a losers game. How do you ever know when equity markets are cheap?
by ofcmetz
Mon Aug 08, 2016 3:59 pm
Forum: Investing - Theory, News & General
Topic: Vanguard upgrading to Brokerage account comes with some nuisances
Replies: 70
Views: 8087

Re: Vanguard upgrading to Brokerage account comes with some nuisances

I didn't have to change any thing with regards to my checking account when I switched to the brokerage option. But I've never withdrawn money from Vanguard and have only deposited money there.
by ofcmetz
Sun Jul 03, 2016 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Worried about son's finances/life
Replies: 41
Views: 7816

Re: Worried about son's finances/life

There are plenty of people in my family who have taken extended periods of time off and have not done anything but live off of other family members since. It sounds like he's being productive with his time and I don't think I'd be too worried based on what you said. Writing a book and working on a C...
by ofcmetz
Sun Jul 03, 2016 12:19 pm
Forum: Investing - Theory, News & General
Topic: Fidelity lowers expense ratio of some index funds
Replies: 123
Views: 9810

Re: Fidelity lowers expense ratio of some index funds

I only use Fidelity for my taxable investing because of their nifty credit card (which is now a Visa). I'm exited that Fidelity and Schwab are trying to stay competitive with Vanguard on passive index fund costs. This is a good thing for the little guy investors.
by ofcmetz
Sun Jul 03, 2016 12:11 pm
Forum: Investing - Theory, News & General
Topic: "Less is More"
Replies: 15
Views: 3085

Re: "Less is More"

There was an article in the WSJ this weekend about how a lot of 40K type plans are consolidating their funds into broader based index funds and leaving a brokerage window available to those who want to still pick from an almost infinite number of funds. Our deferred comp plan has always had this bro...
by ofcmetz
Mon Jun 27, 2016 1:00 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3145
Views: 735412

Re: U.S. stocks in freefall

I had this month's deferred comp deposit go in today. I was wishing for that to happen last Friday, but today things are even lower. Shows how hard it is to make money trying to put in at low points. The market could go down for the rest of the year or today could be the low (high) point. The only w...
by ofcmetz
Sat Jun 11, 2016 12:35 pm
Forum: Investing - Theory, News & General
Topic: What are your friends saying about you?
Replies: 127
Views: 11606

Re: What are your friends saying about you?

I / we save a lot. (We live on less than one salary and save / invest the rest) I appreciate everyone's thoughts and philosophy of what you'D like your friends to think of you I used to give an honest answer if someone asked me, but now I don't. I started doing so to prevent changes in relationship...
by ofcmetz
Fri Jun 10, 2016 10:11 pm
Forum: Investing - Theory, News & General
Topic: What are your friends saying about you?
Replies: 127
Views: 11606

Re: What are your friends saying about you?

Actually, we should all be taking four vacations a year. I don't think any of my grandparents have taken 4 vacations in their entire lifetime. I went on 4 vacations in the first 20 years of my life, but have started to go on them a little more frequently nowadays. Married 24 years, four kids, four ...
by ofcmetz
Fri Jun 10, 2016 5:25 pm
Forum: Investing - Theory, News & General
Topic: What are your friends saying about you?
Replies: 127
Views: 11606

Re: What are your friends saying about you?

I really hope that they aren't talking about me behind my back. ;) Seriously, it's obvious to the cops I work with that I make one of the higher family incomes at the department and don't spend all the money on vehicles and crap. We have the ability at my department to look up each other's salary as...
by ofcmetz
Fri Jun 10, 2016 4:59 pm
Forum: Investing - Theory, News & General
Topic: 10 Year Treasury low yield
Replies: 45
Views: 4121

Re: 10 Year Treasury low yield

My Traditional Fund paying 3% and my stable value fund paying 2.45% are starting to look really good. I'm evaluating holding any Intermediate Term Bond Index Funds right now and just using those two for my fixed income.
by ofcmetz
Mon Jun 06, 2016 10:44 am
Forum: Investing - Help with Personal Investments
Topic: What would a Boglehead do? [401(k) contributions vs. paying off loans]
Replies: 42
Views: 2836

Re: What would a Boglehead do?

I'd expect my daughter to help with some of her earnings. I agree with others that I'd just contribute to get the match and put everything else towards the debt and rebuilding a cash emergency fund. Life gets in the way of our plans sometimes. (I was just told that my home AC is on the fritz. sigh)....
by ofcmetz
Tue May 31, 2016 1:06 pm
Forum: Investing - Theory, News & General
Topic: TIAA Traditional account or intermediate term bond index?
Replies: 23
Views: 1839

Re: TIAA Traditional account or intermediate term bond index?

We split the difference between TIAA Traditional and a Intermediate bond index for our fixed income. We feel like we win either way.
by ofcmetz
Tue May 31, 2016 1:00 pm
Forum: Investing - Theory, News & General
Topic: Max 401k before 529 for college purposes?
Replies: 21
Views: 1070

Re: Max 401k before 529 for college purposes?

I don't think there is much point using a 529 plan unless you are maxing your 401K and ROTH IRA. They have better tax advantages and flexibility in my opinion. If you get towards college time and your retirement is funded then great. You can then back off and pay some college out of pocket. If it's ...
by ofcmetz
Fri May 27, 2016 4:47 am
Forum: Investing - Theory, News & General
Topic: WSJ article: Illinois pension fund adopting Boglehead philosophy
Replies: 19
Views: 2628

Re: WSJ article: Illinois pension fund adopting Boglehead philosophy

In other news, ofcmetz is adopting the new Illinois pension fund philosophy.
by ofcmetz
Fri May 27, 2016 4:35 am
Forum: Personal Finance (Not Investing)
Topic: The Great 100 thousand dollar pension question. update
Replies: 75
Views: 11290

Re: The Great 100 thousand dollar pension question.

Just a little update. I'm about 3 years now from normal retirement now (age 36). The state pension is about as funded and secure as it was when I made this purchase in 2014. Our family investment portfolio is now slightly higher than it was before we transferred the 100K to the state pension for the...
by ofcmetz
Fri May 27, 2016 4:20 am
Forum: Investing - Help with Personal Investments
Topic: 401k fees
Replies: 4
Views: 499

Re: 401k fees

My deferred comp 457B governmental plan is chock full of really cheap index funds. To pay for this they charge 18 basis points (0.18%) fee on the first $50,000 invested. I'm OK with paying a small expense fee if it gives me access to good index funds. The other poster is right, most active manage fu...
by ofcmetz
Fri May 27, 2016 4:10 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Visa rewards card question
Replies: 30
Views: 2806

Re: Fidelity Visa rewards card question

True story on text notification: My friend was eating in a restaurant and paid the bill with his credit card. He got the text notification. Then a moment later he got another text notification for the same restaurant but for a higher amount. A discussion ensued with the manager that was becoming he...
by ofcmetz
Fri May 27, 2016 4:06 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity 2% Visa
Replies: 10
Views: 1585

Re: Fidelity 2% Visa

I'm still using the Fido AmEx. I'm assuming I'll be transitioned in the next few weeks.
by ofcmetz
Fri May 27, 2016 4:01 am
Forum: Personal Finance (Not Investing)
Topic: Is Real Estate Market going crazy again?
Replies: 101
Views: 10626

Re: Is Real Estate Market going crazy again?

It's interesting to read how different things are around the country. Here in southeastern Louisiana things are much more calm. You can still get all the house you need for a family at around 250K or less. Of course I never noticed the housing bubble in the mid-2000's either. I live in one of the be...
by ofcmetz
Tue May 24, 2016 3:58 pm
Forum: Investing - Theory, News & General
Topic: What was your first investment?
Replies: 117
Views: 5213

Re: What was your first investment?

I bought Wal-Mart stock while employed there in college in 1998ish. I remember selling this stock along with some of my wife's Home Depot stock to help pay for our wedding and honeymoon. I haven't bought any individual stocks since then.
by ofcmetz
Tue May 24, 2016 3:55 pm
Forum: Investing - Theory, News & General
Topic: Bernstein says emergency fund part of your "asset allocation?"
Replies: 62
Views: 5732

Re: Bernstein says emergency fund part of your "asset allocation?"

I've alway kept my "emergency fund" in cash in a bank savings account. Of course my entire investment portfolio becomes my emergency fund depending on how much I need. I would probably liquidate a ROTH IRA first and then go from there. Having something in cash or taxable investments that y...
by ofcmetz
Thu May 12, 2016 4:23 am
Forum: Personal Finance (Not Investing)
Topic: Poll: Let's talk wristwatches
Replies: 158
Views: 26747

Re: Poll: Let's talk wristwatches

Just curious if anyone wants to update this thread their input as it is few years old. With the advent of cellphones, are watches passe? It seems the Apple watch overall is a bit of a flop.. are smartwatches any better than traditional? I wear a beater Casio around the house and a nice Citizen Eco-...
by ofcmetz
Tue May 03, 2016 11:00 pm
Forum: Investing - Theory, News & General
Topic: Dow 100,000
Replies: 33
Views: 5551

Re: Dow 100,000

The Dow should get to 100,000 at some point, but no one can really say when. I for one think it will be sooner rather than later. (This prediction is worth what you have paid for it.)
by ofcmetz
Tue May 03, 2016 10:51 pm
Forum: Investing - Theory, News & General
Topic: How many funds in your portfolio?
Replies: 99
Views: 7362

Re: How many funds in your portfolio?

Let's see.

We have money in:

S&P 500
Total Stock Market US
Total International Stock Market
Small Cap Index
Intermediate Term Bond Index
TIAA Real Estate
TIAA Traditional

So the answer is 7.
by ofcmetz
Sun Apr 17, 2016 4:04 am
Forum: Investing - Theory, News & General
Topic: Everyone Worries Too Much About 'Black Swans'
Replies: 39
Views: 4516

Re: Everyone Worries Too Much About 'Black Swans'

...In my case it is better for me to be 100% invested in the stock market & use any black swans as a opportunity to buy more stocks that are on sale. Buy more with what? The nature of the black swan is that you'll lose at least your job, maybe your health, maybe your life. This isn't just theor...
by ofcmetz
Sun Apr 17, 2016 3:57 am
Forum: Investing - Theory, News & General
Topic: A look at private equity, the research, and a better benchmark
Replies: 10
Views: 1188

Re: A look at private equity, the research, and a better benchmark

A very nice article on investing in private equity. Thanks. I liked this quote. My own view is that it reflects the triumph of hype, hope and marketing over evidence and wisdom. Larry Swedroe I think people are willing to make an investment in private equity just to be able to say that they did. It'...
by ofcmetz
Sun Apr 17, 2016 3:48 am
Forum: Investing - Theory, News & General
Topic: Did the brokers just get lucky?
Replies: 16
Views: 2739

Re: Did the brokers just get lucky?

U.K. Boglehead here. None of my family or friends invest in the stock market due to perceived risk. The U.K. Is a property obsessed country. Probably the most obsessed in the world. In London most people are massively beating their earnings every year with house price increases. It is probably a bu...
by ofcmetz
Fri Apr 08, 2016 3:41 am
Forum: Investing - Theory, News & General
Topic: What is Your Bond Allocation & Location
Replies: 48
Views: 5812

Re: What is Your Bond Allocation & Location

We use only two funds right now for our fixed income. In her 403B we have the Vanguard Intermediate Term Bond Index fund. In my 403B we use the TIAA Traditional Fund. Fixed income is only about 20% of our portfolio and is split between these two funds.
by ofcmetz
Fri Apr 08, 2016 3:37 am
Forum: Investing - Theory, News & General
Topic: Are you planning to leave an "estate"?
Replies: 74
Views: 7908

Re: Are you planning to leave an "estate"?

I suspect we will leave something behind, but we haven't given it much thought. We are in late 30's and kids still 10 and under. I can't see us spending all our money and wealth, but there is so much unknown. I like reading about people who give some away while they are still around to enjoy the giv...
by ofcmetz
Mon Mar 14, 2016 4:22 am
Forum: Investing - Theory, News & General
Topic: Late Starters
Replies: 61
Views: 5878

Re: Late Starters

I started my current job at age 19. I still feel like I started late because I didn't do any serious investing until I was 25. It's all a matter of perspective I think. I'm 36 now and feel like the old guy at work sometimes.

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