Search found 185 matches

by why3not
Tue Aug 22, 2017 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: What is your cash reserve limit, above which you invest?
Replies: 25
Views: 2660

Re: What is your cash reserve limit, above which you invest?

I keep 12 months @ current lifestyle or about 18 on a frugal budget. I use the account to pay for large expenses like cars, HVAC systems, etc without worry and the spend the next few months replenishing it instead of adding to a taxable account those months. Is there some drag holding that much cash...
by why3not
Fri Aug 18, 2017 6:10 am
Forum: Investing - Help with Personal Investments
Topic: Lost $7000 today in ONE DAY!
Replies: 183
Views: 15976

Re: Lost $7000 today in ONE DAY!

Alex
I suggest you read & think about this post by one of the forum giants
A time to evaluate your jitters
by why3not
Wed Aug 02, 2017 5:41 am
Forum: Investing - Help with Personal Investments
Topic: Will my older self thank me?
Replies: 38
Views: 3135

Re: Will my older self thank me?

Yes. Having plenty of money will provide you with options. Sometimes those options can be life altering.
by why3not
Wed Aug 02, 2017 5:37 am
Forum: Personal Consumer Issues
Topic: Any problem leaving a hole in ceiling of garage?
Replies: 27
Views: 1970

Re: Any problem leaving a hole in ceiling of garage?

Garages are dry walled and sealed also as a "firewall" to the rest of the home since fires often start in the garage. +1 Most building codes consider a garage a fire hazard (mostly due to the type of materials stored there). Even if your's isn't when you go to sell, it won't matter to whomever is i...
by why3not
Thu Jul 20, 2017 7:23 am
Forum: Personal Consumer Issues
Topic: Keurig vs coffeemaker - and the Keurig won
Replies: 53
Views: 3926

Re: Keurig vs coffeemaker - and the Keurig won

Keurig added a cup to my coffee habit. I still brew a pot in the morning, it is just part of the routine. Takes maybe 1 minute of time (plus a wait during which I do something else). Kuerig makes it very easy to have a quick cup in the afternoon when I need the caffeine boost vs grabbing a soda.
by why3not
Fri Jul 14, 2017 4:00 pm
Forum: Personal Consumer Issues
Topic: If i turn off central AC will it damage drywalls?
Replies: 38
Views: 3586

Re: If i turn off central AC will it damage drywalls?

Big temperature changes in a house are not good for the structure or the trim, paint and caulk of your house. All materials will expand and shrink at different rates as temperature and humidity goes up or down. Same goes for furniture. Result is cracks and potential warping of materials. +1 I have ...
by why3not
Fri Jul 14, 2017 7:02 am
Forum: Investing - Help with Personal Investments
Topic: What advice to give 21 year old?
Replies: 109
Views: 6807

Re: What advice to give 21 year old?

I probably didn't read closely enough but it appears these are RothIRA & taxable accounts? Is it possible he is looking at getting married, buying a house, etc in the next few years? If so, he may be right. If all of this is earmarked for 40+ years from now, have him read JLCollinsNH stock series & ...
by why3not
Tue Jul 11, 2017 12:04 pm
Forum: Personal Consumer Issues
Topic: Shopping for first bike since I was a kid
Replies: 121
Views: 7013

Re: Shopping for first bike since I was a kid

Agree with posters who say you dont need to blow your budget for low speed tooling around town bikes. I have put over 20k miles on my main commuter/century bike. That bike cost about $400 brand new (i bought it a few years old). My wife runs a single speed beach cruiser around town and loves it. Whi...
by why3not
Fri Jun 30, 2017 11:45 am
Forum: Personal Consumer Issues
Topic: Wrecked Vehicles and Whether or Not to Keep Them
Replies: 34
Views: 2190

Re: Wrecked Vehicles and Whether or Not to Keep Them

I have little ego tied to my car, so for me it is an easy decision to drive it until it dies. As far as McD workers driving nicer cars... not only who cares, but how do you know their financial situation? Do you know if the car was given to them, if it is mom/dads car, do they live at home or with 2...
by why3not
Fri Jun 30, 2017 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Engagement Ring Insurance
Replies: 46
Views: 3331

Re: Engagement Ring Insurance

I had a standalone Chubb policy for a year on my wife's ring. Once we were married, it moved into a rider on our homeowners. I would probably not claim a $2k ring on homeowners unless it were part of larger losses.
by why3not
Fri Jun 30, 2017 11:15 am
Forum: Investing - Theory, News & General
Topic: Total Bond Fund in a rising rate environment
Replies: 59
Views: 4824

Re: Total Bond Fund in a rising rate environment

I can provide a recent real world example, dividends reinvested, taxes deferred: Aug 10, 2016 purchase $85,000 of VBTLX Aug 31, 2016 balance of $85,185.90 (month end high point) Nov 30, 2016 balance of $82,213.31 (month end low point) Dec 15, 2014 Fed raised fed fund target rate 0.25% Dec 31, 2016 b...
by why3not
Fri Jun 30, 2017 7:25 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 228
Views: 19453

Re: Buying house - Very important decision

3) Home insurance - It's hard to find home insurance rates without going through the quote application process. Will probably vary between $100-200 per month. This site says $1500 on average in Tennessee, so $125 per month. 5) Utilities - Going to vary a ton based on location, energy efficiency of ...
by why3not
Thu Jun 29, 2017 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Can I retire now?
Replies: 10
Views: 2001

Re: Can I retire now?

Yes, assuming your wife stays employed.
by why3not
Thu Jun 29, 2017 8:27 am
Forum: Investing - Help with Personal Investments
Topic: Stepping up my game. Need some pointers please.
Replies: 13
Views: 1380

Re: Stepping up my game. Need some pointers please.

3 fund portfolio really doesn't have anything to do with your AA, it is just a method of balancing between 3 asset types to achieve your desired AA. I would start your reading on AA here: https://www.bogleheads.org/wiki/Asset_allocation And, yes, the 3-fund portfolio is a good way to accomplish what...
by why3not
Thu Jun 29, 2017 7:58 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 228
Views: 19453

Re: Buying house - Very important decision

I agree our rent now is justifying not to buy house but what if rent goes up rapidly ? Find a different place to rent if that happens. There is nothing the matter with renting or owning & I don't think anyone is saying you shouldn't own. My takes is if you are paying something like $1300/month you ...
by why3not
Wed Jun 28, 2017 10:08 am
Forum: Personal Consumer Issues
Topic: Traveling with 5 and 2 Year Old from Atlanta to Orlando - Is It Worth Flying?
Replies: 46
Views: 1944

Re: Traveling with 5 and 2 Year Old from Atlanta to Orlando - Is It Worth Flying?

100% depends on the kids. Some 5 & 2 year olds are nightmares on planes when they are all wound up, others are fine. If you can fly jetblue, the seatback tvs are good for keeping kids from being bored after takeoff excitment is over. Some kids are nightmares in cars for any length of time. I can say...
by why3not
Wed Jun 28, 2017 6:49 am
Forum: Personal Finance (Not Investing)
Topic: Net worth - thanks to this site
Replies: 15
Views: 3695

Re: Net worth - thanks to this site

congratulations
by why3not
Wed Jun 28, 2017 6:48 am
Forum: Investing - Help with Personal Investments
Topic: Newbee Investor seeks advice.
Replies: 14
Views: 1465

Re: Newbee Investor seeks advice.

The first thing I would do is roll that high ER 401k from your old employer over to an IRA (do direct transfer rollover so that you don't get a check). IRA account has to be individual. I would open your taxable vanguard account as joint but that is a personal decision. The advice you are getting is...
by why3not
Fri Jun 09, 2017 7:00 am
Forum: Investing - Help with Personal Investments
Topic: need help...acquired 150,000...what do I do?
Replies: 10
Views: 1821

Re: need help...acquired 150,000...what do I do?

You can invest all the new money in stocks in taxable and sell stocks for bonds in the IRA. You will have to check the arithmetic on that. If there is not enough room after the IRA is full of bonds, then your tax situation would dictate whether to hold munis or taxable bonds in taxable. That is one...
by why3not
Fri Jun 09, 2017 6:32 am
Forum: Personal Consumer Issues
Topic: Dave Ramsey Financial Peace University ??? worth it?
Replies: 120
Views: 8311

Re: Dave Ramsey Financial Peace University ??? worth it?

Quite unfortunate that his 12% (now 10%) returns are pretty lofty and potentially dangerous. Although, he often hedges by saying "even if I am half wrong"...in other words, 5-6%. But I'm sure most listeners will hold on to the 12%. How I wish he just fixed his investment ideas; what a wel...
by why3not
Thu Jun 08, 2017 8:48 am
Forum: Personal Consumer Issues
Topic: Is it possible to only replace sections of a concrete driveway?
Replies: 22
Views: 2107

Re: Is it possible to only replace sections of a concrete driveway?

Lynette wrote: The But to do driveways, one needs heavy equipment.

Depends on how big of a section you are talking about. I did a 4' section in my driveway by hand in a wheelbarrow. If it is big enough that it "requires" heavy equipment, you shouldn't have a hard time interesting someone.
by why3not
Thu Jun 08, 2017 8:39 am
Forum: Investing - Theory, News & General
Topic: 100% Stock Portfolio?
Replies: 138
Views: 8235

Re: 100% Stock Portfolio?

Is there proof that such a strategy performs worse than 100% stocks? I haven't found it yet. Play with the portfoliovisualizer tool with rebalancing. Can you find a rebalancing strategy that holds bonds that would outperform 100% stocks? If you can, let me know. I'm looking for outperformance. If I...
by why3not
Thu Jun 08, 2017 8:37 am
Forum: Investing - Theory, News & General
Topic: 100% Stock Portfolio?
Replies: 138
Views: 8235

Re: 100% Stock Portfolio?

Is there proof that such a strategy performs worse than 100% stocks? I haven't found it yet. Play with the portfoliovisualizer tool with rebalancing. Can you find a rebalancing strategy that holds bonds that would outperform 100% stocks? If you can, let me know. I'm looking for outperformance. If I...
by why3not
Thu Jun 08, 2017 8:13 am
Forum: Personal Consumer Issues
Topic: Is it possible to only replace sections of a concrete driveway?
Replies: 22
Views: 2107

Re: Is it possible to only replace sections of a concrete driveway?

Lynette wrote: The problem is getting quotes.

Small (and often times partial) jobs typically aren't of interest to the larger, more recognizable companies. You may need to look at "handymen" or smaller general contractors.
by why3not
Thu Jun 08, 2017 7:34 am
Forum: Personal Consumer Issues
Topic: Is it possible to only replace sections of a concrete driveway?
Replies: 22
Views: 2107

Re: Is it possible to only replace sections of a concrete driveway?

Both concrete and asphalt can be replaced as sections or areas. There generally will be an appearance difference vs the older section. It is usually better on concrete to replace the whole section between expansion joints. Your contractor may look at the driveway and recommend more be replaced then ...
by why3not
Thu Jun 08, 2017 7:24 am
Forum: Personal Finance (Not Investing)
Topic: How often do you redeem your credit card cash rewards?
Replies: 54
Views: 3500

Re: How often do you redeem your credit card cash rewards?

My discretionary spending is highly variable. My income is not. A couple times a year I get hit with a cc bill (usually after a major trip) that would require me to transfer $ out of my "high" yield savings account into my checking to pay off the cc bill. I redeem them to avoid having to d...
by why3not
Thu Jun 08, 2017 6:56 am
Forum: Investing - Theory, News & General
Topic: HEHR-tolerance versus Loss Aversion--why setting and maintaining your own AA might be a mistake
Replies: 139
Views: 8298

Re: HEHR-tolerance versus Loss Aversion--why setting and maintaining your own AA might be a mistake

Research papers kick my ADD in & I usually avoid them & read the differing opinions on bogleheads to get the cliff notes version. That said, I haven't seen the HR part defined - what constitutes high rebalancing? 1x per year, 10x per year, every time the market moves 5%, other? I will say th...
by why3not
Wed Jun 07, 2017 7:43 am
Forum: Personal Consumer Issues
Topic: My Wife is having our 5th child. What is an appropriately extravagant push gift?
Replies: 90
Views: 7847

Re: My Wife is having our 5th child. What is an appropriately extravagant push gift?

the joy of carrying the baby to term & (hopefully) delivering a healthy addition to your family?
by why3not
Wed Jun 07, 2017 7:27 am
Forum: Personal Finance (Not Investing)
Topic: KF's Worst Case Retirement Plan [KlangFool's]
Replies: 265
Views: 23252

Re: KF's Worst Case Retirement Plan [KlangFool's]

I confess I haven't read the entire thread, but when I consider my worst case (ie: being involuntarily unemployed for life), I usually include a scenario where I sell my house and move from my HCOLA to a LCOLA. I can sell my house, move about 30 miles inland and use the built up equity in my current...
by why3not
Thu May 18, 2017 8:29 am
Forum: Investing - Help with Personal Investments
Topic: Article: "Our emergency fund is exactly $0.00"
Replies: 73
Views: 8347

Re: Article: "Our emergency fund is exactly $0.00"

Remember 2008? -snip- How is a six month cash emergency fund looking now? This (basically) happened to my wife and I. I remember leading up to 2008 doing the same mental agonizing over the "drag" an emergency fund had on our returns... we had a big HELOC available, we had huge untapped cr...
by why3not
Thu May 18, 2017 7:04 am
Forum: Personal Consumer Issues
Topic: Keep paying for AC refrigerant when tech cannot find a leak
Replies: 20
Views: 1940

Re: Keep paying for AC refrigerant when tech cannot find a leak

Generally speaking dye capsules can be added to a R410a system, but you would need to double check with your equipment mfr to verify it won't impact the warranty. "Leak sealer" certainly will impact warranty and I would not add it until you are past the warranty period. Leaks can be hard t...
by why3not
Wed May 10, 2017 5:24 am
Forum: Personal Consumer Issues
Topic: First 100 mile bike ride
Replies: 51
Views: 3620

Re: First 100 mile bike ride

Any tips for a first timer from those who have done it already? Using board lingo, I'm well into the single common club riding "centuries" or "doubles". All of mine have been solo unsupported though, so I can't really give you a many specific tips. A couple of generics: 1) Enjoy...
by why3not
Fri Apr 28, 2017 6:19 am
Forum: Personal Consumer Issues
Topic: Recommendations - Swimming Pool - Solar Cover
Replies: 8
Views: 763

Re: Recommendations - Swimming Pool - Solar Cover

I think you mean 8' to 3'.
I can say in the south, the blankets help quite a bit. We don't get the cool nights you get up there though, so I'm not sure it will translate. I don't put mine on after mid-May as pool temps get up above 85F from the ambinet/sun from there through the fall.
by why3not
Thu Apr 27, 2017 7:40 am
Forum: Personal Consumer Issues
Topic: Hourly rate for carpenter?
Replies: 15
Views: 1941

Re: Hourly rate for carpenter?

are you paying them to do work for you as a homeowner or are you hiring them as employees?

for a homeowner, the going rates in my city are about 2x what Saving$ posted
by why3not
Thu Apr 27, 2017 7:16 am
Forum: Personal Consumer Issues
Topic: When does it make sense to stop paying to repair your old vehicle?
Replies: 56
Views: 4453

Re: When does it make sense to stop paying to repair your old vehicle?

paint job sounds mostly cosmetic/elective, so I'm not sure I would include that in the repairs. your truck has 165k miles, the engine essentially 60k. I have only bought new for cash since my first car & each car or truck I've owned I've tipped 300k on the odometer, to me your truck is only half...
by why3not
Thu Apr 27, 2017 6:31 am
Forum: Investing - Help with Personal Investments
Topic: A checkup on my entire finance portfolio - am I on track?
Replies: 11
Views: 1284

Re: A checkup on my entire finance portfolio - am I on track?

Your immediate questions: 1) Hard to say. You need to figure out your desired AA & this is a very personal decision & one you may want to spend some time on. Lots of detail on the boards & in the wiki to help you decide what is right for you. This should be something you are convinced on...
by why3not
Thu Apr 13, 2017 7:17 pm
Forum: Personal Consumer Issues
Topic: Meeting with Wells Fargo Financial Advisor Yesterday - Strange Perspective Regarding Mutual Funds
Replies: 18
Views: 2416

Re: Meeting with Wells Fargo Financial Advisor Yesterday - Strange Perspective Regarding Mutual Funds

He said they could ... build a portfolio that could beat an S&P 500 fund by 3% People assume they will ... build a portfolio that always beats an S&P 500 fund by 3% I could do the former too, but not the latter, and neither can they. Good thing for this forum. +1 Difference between what som...
by why3not
Wed Apr 05, 2017 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Secretly entered two comma club
Replies: 44
Views: 7314

Re: Secretly entered two comma club

First congrats on both fronts.

Second, you don't want to be that guy who forces himself, his wife and kids to live a life of a miser, only to die and his wife to discover they were multimillionaires, do you?
by why3not
Mon Apr 03, 2017 2:32 pm
Forum: Personal Consumer Issues
Topic: Weird house buying experience
Replies: 123
Views: 7739

Re: Weird house buying experience

(edit after finishing thread) So the builder-agent actually provided some sort of price list for a bunch of items and that price list later changed? And most of the changes were in the buyer's favor? What happens if that price list changes again in a month or 18? I think it was something more like:...
by why3not
Mon Apr 03, 2017 7:22 am
Forum: Investing - Help with Personal Investments
Topic: Please provide guidance on portfolio
Replies: 13
Views: 917

Re: Please provide guidance on portfolio

Are you absolutely sure I can apply all $9k?? Tax act and all my reading has said it's $3k. Am I missing something? Yes. You can only deduct NET $3k per year, but you can apply as much as available to offset your GROSS gains. Example1: You have $9k of capital losses, you sell a fund for $4000 in ga...
by why3not
Mon Apr 03, 2017 7:22 am
Forum: Investing - Help with Personal Investments
Topic: Please provide guidance on portfolio
Replies: 13
Views: 917

Re: Please provide guidance on portfolio

Are you absolutely sure I can apply all $9k?? Tax act and all my reading has said it's $3k. Am I missing something? Yes. You can only deduct NET $3k per year, but you can apply as much as available to offset your GROSS gains. Example1: You have $9k of capital losses, you sell a fund for $4000 in ga...
by why3not
Mon Apr 03, 2017 7:21 am
Forum: Investing - Help with Personal Investments
Topic: Please provide guidance on portfolio
Replies: 13
Views: 917

Re: Please provide guidance on portfolio

I tried doing that color thing when copying but no luck. Are you absolutely sure I can apply all $9k?? Tax act and all my reading has said it's $3k. Am I missing something? Yes. You can only deduct NET $3k per year, but you can apply as much as available to offset your GROSS gains. Example1: You ha...
by why3not
Mon Apr 03, 2017 5:40 am
Forum: Personal Consumer Issues
Topic: Weird house buying experience
Replies: 123
Views: 7739

Re: Weird house buying experience

Kosmo wrote:. You negotiated a price to pay, not a price discount.

+1
Builder and you came to agreement to build house containing all of Y specs to price X.
by why3not
Fri Mar 31, 2017 6:55 am
Forum: Personal Finance (Not Investing)
Topic: When do you plan to die?
Replies: 164
Views: 12895

Re: When do you plan to die?

dave_k wrote:I use 100 for planning purposes. When running simulations I'm OK with a few percent of failures after 90.

+1
by why3not
Fri Mar 31, 2017 6:43 am
Forum: Investing - Theory, News & General
Topic: Bankruptcy of Westinghouse Electric
Replies: 79
Views: 8741

Re: Bankruptcy of Westinghouse Electric

This will affect just about every person living in the states of South Carolina and Georgia. My understanding is that South Carolina Electric and Gas (SCE&G) (a division of SCANA) has been passing along a good portion of the nuclear project costs to their customers for years. Something like 30%...
by why3not
Fri Mar 31, 2017 6:42 am
Forum: Investing - Theory, News & General
Topic: Bankruptcy of Westinghouse Electric
Replies: 79
Views: 8741

Re: Bankruptcy of Westinghouse Electric

This will affect just about every person living in the states of South Carolina and Georgia. My understanding is that South Carolina Electric and Gas (SCE&G) (a division of SCANA) has been passing along a good portion of the nuclear project costs to their customers for years. Something like 30%...
by why3not
Thu Mar 30, 2017 10:19 am
Forum: Investing - Help with Personal Investments
Topic: Sanity Check, or does it even matter if I'm sane?
Replies: 19
Views: 2167

Re: Sanity Check, or does it even matter if I'm sane?

Our annual burn rate, ex college expenses, taxes, and vacations, is maybe $80k per year. I expect that vacation/travel expenses will go up considerably when DW retires. I can tell you my plan (if all goes well & no guarantee that I am sane): end my working days with about 25-30x in fixed income...
by why3not
Thu Mar 30, 2017 8:52 am
Forum: Investing - Theory, News & General
Topic: Stay the course, always?
Replies: 55
Views: 5128

Re: Stay the course, always?

No, you don't change your AA based on what the market is doing. That is market-timing. But no one knows the future with enough detail to do this successfully all the time. There are too many variables. These are the statements that get my inner curmudgeon riled up. The trick is to pick an AA that f...
by why3not
Thu Mar 30, 2017 8:07 am
Forum: Personal Consumer Issues
Topic: Keep two cars for one person to drive
Replies: 34
Views: 2999

Re: Keep two cars for one person to drive

Hi I like your answer, especially this part. "Your life is not a spreadsheet". I would suggest you focus on the "if the numbers are reasonable and you can manage 2 vehicles - why not" part of the answer. If the numbers are reasonable, ie you have no better use for the cash you c...
by why3not
Thu Mar 30, 2017 6:25 am
Forum: Investing - Help with Personal Investments
Topic: Opinions on my investing strategy
Replies: 32
Views: 3095

Re: Opinions on my investing strategy

...so you'd probably want to keep going a little longer to make sure you're safe (Another 5 years would put you up to $800k). And that's close to a worst-case scenario, so I think you'll be okay. Really? I look at it a bit differently. I look at a potential 50+ year retirement & think the max s...