Search found 535 matches

by steadyeddy
Sat May 21, 2016 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Reality check - how am I doing
Replies: 58
Views: 5984

Re: Reality check - how am I doing

I've been spending some time on the MMM forums lately, and this whole thread is the perfect example of their perception of Bogleheads. Too funny! In fairness, I find the MMM groupthink to be quite judgemental and negative. No internet subculture is perfect, right? OP, you're probably doing well fina...
by steadyeddy
Tue Apr 05, 2016 12:54 pm
Forum: Investing - Theory, News & General
Topic: Are personal mortgages inherently risky (rent vs own)
Replies: 16
Views: 1590

Re: Are personal mortgages inherently risky (rent vs own)

Do you want asset price fluctuation (buy) and cash flow fluctuation (rent)? Pick your risk; neither is risk free. It should also be noted that home prices typically do not rise and fall with the same velocity as the stock market. Your example of a quick 50% gain or loss is unlikely, so the risk is o...
by steadyeddy
Mon Mar 07, 2016 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Buy House Now or Later?
Replies: 29
Views: 1778

Re: Buy House Now or Later?

We bought a starter home two years ago because it was cheaper than rent. I planned to upgrade in ~5 years, but I pretty much wanted a larger, nicer house within six months of buying. I should have waited (and not been so cheap). On the plus side, this house has significantly increased the trajectory...
by steadyeddy
Sun Mar 06, 2016 1:19 am
Forum: Investing - Help with Personal Investments
Topic: [In need of advice.... Day trading - What am I missing?]
Replies: 20
Views: 1590

Re: [In need of advice.... Day trading - What am I missing?]

Step 1: Read Flash Boys by Michael Lewis Step 2: Recognize that you simply can't reliably make money against pros these days. Seriously, read it. And then if still think you can be a trading prodigy, you're far better off working for a hedge fund than trading your own little stake. It's a far easier...
by steadyeddy
Fri Feb 12, 2016 3:36 pm
Forum: Investing - Theory, News & General
Topic: Any regrets by people 50+ for having a conservative portfolio in their 30's
Replies: 68
Views: 8117

Re: Any regrets by people 50+ for having a conservative portfolio in their 30's

dc81584 wrote:At age 30, it's probably best to have an 80/20 allocation. Having a conservative portfolio at such a young age only guarantees you a lower long-term rate of return.


I wasn't aware there were any guarantees in this business! :P
by steadyeddy
Fri Feb 12, 2016 2:03 pm
Forum: Investing - Theory, News & General
Topic: Any regrets by people 50+ for having a conservative portfolio in their 30's
Replies: 68
Views: 8117

Re: Any regrets by people 50+ for having a conservative portfolio in their 30's

You need to recognize that retirees today were investing during a huge and prolonged bull market. They would be crazy not to wish they'd had more equities IN HINDSIGHT. It's like asking Bill Gates' longtime pal if he wished he'd invested early-stage. But go look at all the posts from the spring of 2...
by steadyeddy
Sun Feb 07, 2016 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: 10% Mortgage Down payment
Replies: 49
Views: 6396

Re: 10% Mortgage Down payment

I don't think the banks will be impressed that you're debt free with a smaller down payment. They would probably rather see the full 20% down with a higher debt-to-income (since a house 2.5x salary won't be stretching affordability anyway). In other words, check whether paying PMI is really cheaper ...
by steadyeddy
Tue Feb 02, 2016 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Babysitter not providing SSN
Replies: 74
Views: 8459

Re: Babysitter not providing SSN

Let's try not to assume the worst in people, folks. Posts that imply the OP is a negligent parent or a criminal when all he or she did was ask a question in good faith are not what I hope to see from this community.
by steadyeddy
Tue Feb 02, 2016 1:18 pm
Forum: Personal Consumer Issues
Topic: Buy a bigger vehicle to grow into?
Replies: 28
Views: 1891

Re: Buy a bigger vehicle to grow into?

The results are in!* Get a CR-V: 14 votes Get an SUV/Minivan: 12 votes OP is an idiot for asking: 1 vote OP can't afford a new vehicle: 1 vote :P Seriously, thank you all for your input. We were already planning to wait until after a birth to buy the new vehicle, but now I'm thinking maybe we should...
by steadyeddy
Mon Feb 01, 2016 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Giving to vs. saving for charity
Replies: 39
Views: 2265

Re: Giving to vs. saving for charity

We give regularly to several charities (we use billpay to automate the checks going out) and then give larger gifts at the end of the year. I definitely need to look into bunching though.
by steadyeddy
Mon Feb 01, 2016 10:44 am
Forum: Personal Consumer Issues
Topic: Buy a bigger vehicle to grow into?
Replies: 28
Views: 1891

Buy a bigger vehicle to grow into?

My wife and I are planning to have a child in the next year or two and will buy a new vehicle when he or she arrives. At that point, we'll be a family of 2.5, so we really won't need a much space. Even a sedan would be fine, but I'm thinking something like a CR-V would allow us to strap in a car sea...
by steadyeddy
Thu Jan 21, 2016 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Are college costs really expected to go up in the future?
Replies: 19
Views: 1248

Re: Are college costs really expected to go up in the future?

I think higher education will bifurcate [more] as we move forward. HYPS will keep doing what they're doing and the worlds elite will attend at any price. Education for the masses will get cheaper and more career oriented.
by steadyeddy
Mon Jan 11, 2016 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: Large amount of CDs maturing....what to do?
Replies: 162
Views: 17443

Re: Large amount of CDs maturing....what to do?

I understand your hesitation because that's a huge chunk of your portfolio, but with CD's I think you just have to roll them over at the best available rates when the time comes and then consider breaking them if rates rise enough to justify it. And keep in mind, we're talking about a fraction of a ...
by steadyeddy
Tue Jan 05, 2016 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Job Prospects for English Majors?
Replies: 73
Views: 5359

Re: Job Prospects for English Majors?

I have multiple "worthless" degrees that have nothing to do with my current job. I've done well because I: 1) Have a college degree 2) Made myself more valuable than my coworkers in any job I've worked 3) Have been lucky I will say that an increasing number of job postings in the business ...
by steadyeddy
Thu Dec 24, 2015 1:07 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on groceries?
Replies: 109
Views: 8165

Re: How much do you spend on groceries?

Groceries have averaged $352/mo for my spouse and me over the last 12 months, and that number includes alcohol, toiletries, cleaning supplies, paper products, etc. Restaurant meals have averaged an additional $349/mo over the same time period. We like good food and good friends to share it with! :sh...
by steadyeddy
Tue Dec 22, 2015 3:32 pm
Forum: Investing - Theory, News & General
Topic: Large Energy stocks - why not?
Replies: 158
Views: 11571

Re: Large Energy stocks - why not?

Great discussion. I really enjoy the healthy tension between intelligent viewpoints here. Here are my thoughts: 1. Every time I do a thought experiment about making a sector bet, I quickly conclude there are too many variables for me to accurately predict the future. Eventually I'll either experienc...
by steadyeddy
Wed Nov 18, 2015 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone gone from 0 to 100?
Replies: 55
Views: 6641

Re: Has anyone gone from 0 to 100?

I'm just a few years older than you, so I know what it feels like to have more internal drive than external opportunity. And it's good to be young and hungry. A chip on your shoulder and a fire in your belly can help you work hard to get ahead. But I recommend going from 0 to 1 and then 1 to 2 and s...
by steadyeddy
Fri Nov 13, 2015 10:16 am
Forum: Personal Finance (Not Investing)
Topic: "Vacation Buy" from employer - is it worth it?
Replies: 30
Views: 2311

Re: "Vacation Buy" from employer - is it worth it?

My company offers the option to buy extra PTO during open enrollment, and I always do. Purchased time is used last after all other PTO, and any unused purchased time can be cashed out in December. I figure buying it gives me a year long option to choose time or money. If I do not buy it I can only c...
by steadyeddy
Mon Nov 09, 2015 11:23 am
Forum: Investing - Help with Personal Investments
Topic: myRA vs. Ally CD for Roth IRA?
Replies: 2
Views: 469

myRA vs. Ally CD for Roth IRA?

My spouse and I will be funding our Roth IRA's for 2015 soon. In the past we have funded Ally CD's with a 5 year term. This year I am considering starting a myRA instead. Both options offer a ~2% return, but the myRA offers it without threat of early withdrawal penalties should I choose to roll the ...
by steadyeddy
Tue Oct 27, 2015 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Palo Alto Medical Foundation ripoff - how to handle?
Replies: 36
Views: 2603

Re: Palo Alto Medical Foundation ripoff - how to handle?

For what it's worth, paying 400% more than Medicare through private insurance doesn't shock me. I've seen instances where Medicare reimbursement is 10x lower than private insurer rates.
by steadyeddy
Mon Oct 19, 2015 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: Is any of my capital at risk b/c of the Lawsuit
Replies: 22
Views: 3097

Re: Is any of my capital at risk b/c of the Lawsuit

No matter the outcome, I can't imagine there would be any political will to literally take money from retirees.
by steadyeddy
Wed Oct 14, 2015 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Kind of investments and House
Replies: 8
Views: 620

Re: Kind of investments and House

Will you even be able to get a loan on an $800k house with $130k of income? That's a scary ratio!
by steadyeddy
Tue Oct 13, 2015 5:49 pm
Forum: Personal Consumer Issues
Topic: Local movie theater now offers reserved seating. Is this good or bad?
Replies: 37
Views: 3136

Re: Local movie theater now offers reserved seating. Is this good or bad?

Leif wrote:Not good...Larger chairs, recliners, order and delivery of upgraded food to your seat.


Sounds terrible! Hopefully they come to their senses and move a torture-based model like the airline industry! We don't need no stinkin' legroom! :P
by steadyeddy
Mon Oct 12, 2015 5:08 pm
Forum: Personal Consumer Issues
Topic: Local movie theater now offers reserved seating. Is this good or bad?
Replies: 37
Views: 3136

Re: Local movie theater now offers reserved seating. Is this good or bad?

Reserved seating is the best thing to happen to movie theaters since popcorn. You've already identified how to use them to your advantage. My experience is that only 20% of seats get reserved online with 80% being purchased just before the show, but it's true the 20% early birds snap up the best sea...
by steadyeddy
Mon Oct 12, 2015 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Allowance for college kid
Replies: 67
Views: 3639

Re: Allowance for college kid

It all has to be decided in context. Some kids are predisposed to take advantage of generosity while others will remain mature and driven. Some parents struggle to help with tuition while others are going to pay huge estate taxes and need to spend/give more money. No sense making blanket judgements ...
by steadyeddy
Wed Oct 07, 2015 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: What do you guys do on the side?
Replies: 126
Views: 12678

Re: What do you guys do on the side?

My side hustle is getting professional designations to further my day job. The ROI on my time has been excellent.
by steadyeddy
Wed Oct 07, 2015 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: ALLY Bank and the new tier announcement
Replies: 128
Views: 22355

Re: ALLY Bank and the new tier announcement

If the top tier is no lower than the current rate, I'll leave things as they are. If they drop it, then they'll get the exodus that move would suggest they want. Simple as that.

P.S. My overall experience with the Ally checking, savings, and CD products has been excellent these last few years.
by steadyeddy
Wed Oct 07, 2015 3:27 pm
Forum: Personal Consumer Issues
Topic: Reading Out Loud Issues
Replies: 29
Views: 2990

Re: Reading Out Loud Issues

To me it sounds like you're describing someone who doesn't read well--silently or out loud. This doesn't mean she isn't highly intelligent, but I would doubt the "out loud" part of the equation is the issue here. Reading to her child will be a fantastic way to practice reading.
by steadyeddy
Thu Oct 01, 2015 5:21 pm
Forum: Personal Consumer Issues
Topic: How to sell an old car?
Replies: 55
Views: 3575

Re: How to sell an old car?

I'm surprised so many think craigslist is a hassle. A running car priced under $2k in my area is gone within an hour. Easily the most efficient way to sell unless you've overpriced it.
by steadyeddy
Fri Sep 25, 2015 1:36 pm
Forum: Personal Consumer Issues
Topic: Live close to work AND in a good school district?
Replies: 57
Views: 3433

Re: Live close to work AND in a good school district?

OP here. Thank you all for your thoughts! We hope to have kids soon and always intended to move to a larger house as the family grew, so the only question is where. We currently live about five minutes from work, but in a school district whose test scores are mediocre and deteriorating rapidly. Our ...
by steadyeddy
Thu Sep 24, 2015 10:23 pm
Forum: Personal Consumer Issues
Topic: Live close to work AND in a good school district?
Replies: 57
Views: 3433

Live close to work AND in a good school district?

I was browsing the "time savers" thread and saw numerous posts about the benefits of living close to work and amenities. I also know many bogleheads reccomend living in a good public school district. I work downtown in a fairly large city where the school districts near the urban core are ...
by steadyeddy
Fri Sep 11, 2015 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Post your current employer retirement plan! (if any)
Replies: 94
Views: 9434

Re: Post your current employer retirement plan! (if any)

Big company, revenue ~$25B 401k with 100% match up to 5%. Cash balance pension contributes 2-7% based on age and tenure. Both vest with a 3 year cliff (all or nothing). No admin fees and expense ratios as low as .02% for Vanguard index funds. Match is distributed annually so you can miss it if you q...
by steadyeddy
Thu Sep 03, 2015 4:55 pm
Forum: Personal Consumer Issues
Topic: Best Small Purchases (Around the house)
Replies: 133
Views: 15152

Re: Best Small Purchases (Around the house)

In the same vein as a griddle, our spice organizer makes me smile every time I open the cupboard and see it.
https://www.amazon.com/dp/B00MWCW3RC/re ... 6vbAW9J013
by steadyeddy
Sat Aug 22, 2015 12:06 am
Forum: Personal Finance (Not Investing)
Topic: Got a great entry level full time offer (70K + 10K signing bonus), not sure if I should accept or decline
Replies: 35
Views: 4778

Re: Got a great entry level full time offer (70K + 10K signing bonus), not sure if I should accept or decline

I would take the job, work two years, get promoted, quit to start a full-time MBA, then transition into consulting as a freshly minted MBA grad. This is a well-worn path. Do you think its very reasonable for me to hope to take a finance path for 3 years (the analyst role is a three year contract), ...
by steadyeddy
Fri Aug 21, 2015 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Got a great entry level full time offer (70K + 10K signing bonus), not sure if I should accept or decline
Replies: 35
Views: 4778

Re: Got a great entry level full time offer (70K + 10K signing bonus), not sure if I should accept or decline

I would take the job, work two years, get promoted, quit to start a full-time MBA, then transition into consulting as a freshly minted MBA grad. This is a well-worn path.
by steadyeddy
Tue Aug 18, 2015 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: 23 year old with 50+ years to invest looking for advice
Replies: 31
Views: 2612

Re: 23 year old with 50+ years to invest looking for advice

kmeier82, I invest exclusively in Target Retirement 2050 in my own 401k because I am prone to tinkering . Think about this carefully. You are currently in a TR fund, but you have an active mind and are now considering moving to 100% stocks and adding a small/value tilt. How long before you decide to...
by steadyeddy
Mon Jul 27, 2015 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: How long until a $10,000 loss matters?
Replies: 39
Views: 3676

Re: How long until a $10,000 loss matters?

It matters when you need it. If you don't actually need to withdraw the $10,000 immediately, then I don't think it should matter to you.

I think a more difficult question is whether a 50% portfolio drop in year 1 of retirement should impact your planned income.
by steadyeddy
Thu Jul 09, 2015 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Ally Bank - New $10 ATM Fee Reimbursement Limit
Replies: 70
Views: 6888

Re: Ally Bank - New $10 ATM Fee Reimbursement Limit

Correct. A $10 limit will buy you at least three ATM transactions plus many are free. I only get cash every couple months these days anyway. "Ally is pleased to announce we have joined the Allpoint® network to allow customers no-fee access to more than 43,000 ATMs in the U.S.. Allpoint is the l...
by steadyeddy
Thu Jun 25, 2015 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Couples and money and compatibility
Replies: 38
Views: 4752

Re: Couples and money and compatibility

We started in category 2 and moved to category 1 (which is part of the definition of category 2). Without her I'd be a joyless miser. Without me she'd be a poorer free spirit. Within a couple years of getting married we both moved to the center and our lived were enriched for it.
by steadyeddy
Thu Jun 25, 2015 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Landlording Tips
Replies: 33
Views: 5361

Re: Landlording Tips

For what it's worth, my units in large apartment complexes were always shown in the final month I was still in the unit. I think it is customary to do so in my part of the country. I don't own a rental, but I imagine I might someday. I don't know of many other legitimate ways make money part-time wh...
by steadyeddy
Wed Jun 17, 2015 5:04 pm
Forum: Personal Consumer Issues
Topic: "Phantom" Tipping
Replies: 68
Views: 12082

Re: "Phantom" Tipping

My understanding is that the tip line is meaningless. The credit card issuer only cares about the total written. You could write: Bill: $100 Tip: $5 Total: $125 The actual, legal tip is then $25. Are you confident a mistake like this isn't the issue here? I am confident that most people in this thr...
by steadyeddy
Wed Jun 17, 2015 2:56 pm
Forum: Personal Consumer Issues
Topic: "Phantom" Tipping
Replies: 68
Views: 12082

Re: "Phantom" Tipping

My understanding is that the tip line is meaningless. The credit card issuer only cares about the total written. You could write:

Bill: $100
Tip: $5
Total: $125

The actual, legal tip is then $25. Are you confident a mistake like this isn't the issue here?
by steadyeddy
Fri Jun 05, 2015 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Argument for buying vs. renting
Replies: 6
Views: 740

Re: Argument for buying vs. renting

In my opinion the best argument for buying over renting is that imputed rent is not taxable. If retiree A uses $500k of nestegg to pay rent, the income used to pay that expense is taxable. If retiree B uses $500k to purchase and maintain an owned residence, the imputed income is not taxable. All oth...
by steadyeddy
Fri Jun 05, 2015 2:30 pm
Forum: Investing - Theory, News & General
Topic: Warning Signs [Economic health indicators]
Replies: 282
Views: 41416

Re: Warning Signs

This sort of discussion is why I use a target date fund. It's nice to have automated AA selection so I don't have an excuse to tinker.
by steadyeddy
Thu Jun 04, 2015 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Divorcing over finances.
Replies: 70
Views: 7129

Re: Divorcing over finances.

Thank you all for the reminder to go home and hug my wife.
by steadyeddy
Mon Jun 01, 2015 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Your opinion on realistic income to live in a $1 million home?
Replies: 144
Views: 16330

Re: Your opinion on realistic income to live in a $1 million home?

As others have said, this is both a question of math and values. I could scrimp to afford a million dollar home on maybe $200k of income, perhaps even less if I can find a 40 year, interest-only mortgage! But my values being what they are, I probably wouldn't buy a million dollar home in my current ...
by steadyeddy
Mon May 25, 2015 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Question about Citi Double Cash Card
Replies: 58
Views: 14653

Re: Question about Citi Double Cash Card

The Double Cash card allowed me to retire the Fido Amex and CapOne Quicksilver. +1 I was happy to simplify from two cards to one, but was approved for only about a $6k credit limit that could not be raised online and could only be raised to $7,200 over the phone without a hard pull. I've never in m...
by steadyeddy
Thu May 21, 2015 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 169
Views: 15123

Re: How much does social security factor into your retirement income?

I'm 28, so any assumption about SS is just a big, hairy, audacious guess. The same goes for speculation about market returns, career progression, and whether I'll wake up tomorrow. I save 20% of gross, enjoy life, and cross my fingers. I'll let you know how it goes.
:sharebeer
by steadyeddy
Tue May 12, 2015 2:04 pm
Forum: Personal Consumer Issues
Topic: Paying or Not Paying Extra for Amazon Delivery
Replies: 19
Views: 2461

Re: Paying or Not Paying Extra for Amazon Delivery

About the time prime came into existence, regular shipping started taking an eternity. Three weeks is not unusual from order to arrival. My belief is they slowed it down on purpose to drive people to pay for prime. My solution is to shop elsewhere when feasible. +1 I used to receive shipments from ...
by steadyeddy
Tue May 12, 2015 8:14 am
Forum: Investing - Theory, News & General
Topic: "Why Would an Experienced Investor Buy a Target-Date Fund?"
Replies: 38
Views: 5634

Re: "Why Would an Experienced Investor Buy a Target-Date Fund?"

I pay 7 basis points for a Vanguard TDF as my sole holding in my 401k. My desire to tweak the TDF AA a little here and a little there is exactly why I chose to cut myself out of the decision making process. The cost is low and the behavioral barrier to tinkering is worth something me.

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