Search found 149 matches

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: 2110

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: 6820

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: 5963

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: 711

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: 711

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: 711

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: 5963

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: 143
Views: 7943

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: 7507

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: 7507

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: 15
Views: 1141

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: 4323

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: 2416

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: 2574

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. :happy Really? I look at it a bit differently. I look at a potential 50+ year retirement & think th...
by why3not
Mon Mar 27, 2017 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with allocation or low-risk alternative (LONG!)
Replies: 6
Views: 325

Re: Need help with allocation or low-risk alternative (LONG!)

You have a 3% withdrawal rate. You "should be" safe with your 50/50 mix. Try doing a search (box on top right) for "safe withdrawal rates" or "4%". We here are probably more conservative/pessimistic than most with regards to future returns but few would argue a 3% withd...
by why3not
Mon Mar 27, 2017 10:38 am
Forum: Personal Consumer Issues
Topic: Electric Space Heaters - Does expensive one heat better than cheap one?
Replies: 20
Views: 859

Re: Electric Space Heaters - Does expensive one heat better than cheap one?

1500 Watts/115V = 13Amps, your standard household breaker is 15A, so you can't really get much higher than that for a standard consumer item. I personally opted for the $10, throw-away versions rather than getting a longer-lived, more expensive version. I haven't regretted it but I probably have <50...
by why3not
Mon Mar 27, 2017 9:35 am
Forum: Investing - Help with Personal Investments
Topic: Weathering sell-off days like today
Replies: 107
Views: 6327

Re: Weathering sell-off days like today

confusedinvestor wrote:How do you guys deiced to put lumpsum or DCA?

I am lazy. For me, it is easier to lumpsum & go do other things than to have to remember weekly (or whatever interval) to deposit x% into the account.
by why3not
Mon Mar 27, 2017 9:27 am
Forum: Personal Consumer Issues
Topic: Geico insurance rate increase: 26.24% APY?
Replies: 42
Views: 3045

Re: Geico insurance rate increase: 26.24% APY?

I may begin shopping around, because that is hard to seriously believe. 15 minutes online could save you 15% or more cuts both ways. My guess is you lost your "good student discount" when you turned 25. It is usually worth at least price checking your insurance every few years while young...
by why3not
Thu Mar 23, 2017 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Vehicles as a percentage of net worth
Replies: 102
Views: 5329

Re: Vehicles as a percentage of net worth

Not in my NW calculation. Current cars worth under 10% gross annual income. When I have to buy a new one, I will try to keep the cost of that <10% gross income as well. For people with $300,000+ annual income, this seems doable. But 98% of the population needs a different formula. I am not sure wha...
by why3not
Thu Mar 23, 2017 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Vehicles as a percentage of net worth
Replies: 102
Views: 5329

Re: Vehicles as a percentage of net worth

Not in my NW calculation. Current cars worth under 10% gross annual income. When I have to buy a new one, I will try to keep the cost of that <10% gross income as well.
by why3not
Tue Mar 21, 2017 8:22 am
Forum: Personal Consumer Issues
Topic: gratuitous homeownership items
Replies: 218
Views: 18153

Re: gratuitous homeownership items

Bathtubs - but RE agents tell me I have to keep one. I would like to have zero. What's the deal with this anyhow? I keep hearing it. Is it related to resale value that there's at least one "full" bathroom? I think that the idea is that, in order to appeal to families with young kids, you ...
by why3not
Tue Mar 21, 2017 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Recommended emergency fund for middle class households: $13,800
Replies: 64
Views: 6715

Re: Recommended emergency fund for middle class households: $13,800

What I get out of the referenced article is not a recommendation for an emergency fund. Rather, it's a suggested amount of liquid assets available to smooth over wide, but normal, variances in income vs expenses. To me, that's a buffer, not an emergency fund. The latter is for financial disasters s...
by why3not
Fri Mar 17, 2017 5:13 am
Forum: Investing - Theory, News & General
Topic: Anyone else taking less risk
Replies: 115
Views: 9767

Re: Anyone else taking less risk

My plan is already more conservative than I would like. I feel no need to take less risk based on stock prices. I am sticking with my plan (was relatively well thought out & talked out with DW) regardless of what my current feelings of stock prices are.
by why3not
Mon Mar 13, 2017 8:39 am
Forum: Personal Consumer Issues
Topic: gratuitous homeownership items
Replies: 218
Views: 18153

Re: gratuitous homeownership items

Not truly gratuitous, but our guest suite is 390 sq ft & only sees use about 4-5 weeks a year.
The only other thing that might make the list is the jets in the tub. It turns out a non jetted tub would have fared just as well...
by why3not
Tue Mar 07, 2017 3:30 pm
Forum: Personal Consumer Issues
Topic: Can a cordless Reciprocating Saw do the job of a small chainsaw?
Replies: 30
Views: 1779

Re: Can a cordless Reciprocating Saw do the job of a small chainsaw?

I own recip saws (corded & battery) and chainsaws (gas, corded & battery). For limbs & trunks <4" diameter, I would grab whatever one is handy. Battery recip as long as there isn't much to cut up. For limbs & trunks < 6" diameter, or a lot of small cutting I would probably ...
by why3not
Tue Mar 07, 2017 6:44 am
Forum: Personal Finance (Not Investing)
Topic: How much do you spend on food in a year?
Replies: 155
Views: 7369

Re: How much do you spend on food in a year?

I doubt if I eat more than $5 a day in food, on average. Maybe a touch higher. I eat a reasonably healthy diet, but light on fruits and fresh veggies. ... Warren Buffet gets his breakfast at the McD drive in. $3 First, $1825/year on food & drink is impressive. I'd personally rather aspire to th...
by why3not
Mon Mar 06, 2017 11:58 am
Forum: Personal Consumer Issues
Topic: How often do you discuss finances and spending with your spouse?
Replies: 60
Views: 3439

Re: How often do you discuss finances and spending with your spouse?

I'm really struggling to engage her about spending. The conversations are very very difficult. I went through something similar in the early attempts to discuss finances. I am both more numbers driven and much more frugal than my wife. Through (somewhat) painful trial and error, I discovered that t...
by why3not
Mon Mar 06, 2017 11:13 am
Forum: Personal Finance (Not Investing)
Topic: What are your alternate investments?
Replies: 21
Views: 1568

Re: What are your alternate investments?

gasdoc wrote:Does a kid count? Otherwise, none.

gasdoc

Sure, I also count body fat, which I began storing up with the onset of middle age, it will come in handy for the black swan, famine inducing, world economic crash event that folks on here sometimes worry they aren't guarded against.
by why3not
Mon Mar 06, 2017 10:27 am
Forum: Personal Finance (Not Investing)
Topic: How much do you spend on food in a year?
Replies: 155
Views: 7369

Re: How much do you spend on food in a year?

Family of 4 - $30k/year
15k/year at grocery store
7.5k/year eating out as a family
3k/year date night dinners
0.5k/year alcohol
1k/year party hosting
3k/year travel related in excess of typical week
by why3not
Fri Mar 03, 2017 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Should we refinance?
Replies: 12
Views: 998

Re: Should we refinance?

If you can get a 10 year refinance at a lower rate than you have, I would consider refinancing. Will have to take a close look at what the fees cost you. More likely, being the lazy sort, I wouldn't bother with the refiance & would stop taxable (paying off loan is risk free 5.5%!) and stop buyin...
by why3not
Thu Mar 02, 2017 10:30 am
Forum: Investing - Help with Personal Investments
Topic: Possibly Financially Independent and Feeling Miserable
Replies: 153
Views: 16098

Re: Possibly Financially Independent and Feeling Miserable

@ OP I haven't read any of the responses, most likely they are much better than mine. I am in a not dis-similar situation & the hardest part for me was when I hit what (on paper) was FI but various doomsday scenarios showed me failure was conceivable. I think the anxiety is somewhat normal &...
by why3not
Thu Mar 02, 2017 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Want to downsize, best option for funding home improvements
Replies: 22
Views: 1225

Re: Want to downsize, best option for funding home improvements

We've talked to a realtor ( two of them ) and were told we needed to make the bathroom improvements to get the sale price that meets comps in the neighborhood. We might not add significantly more to the sale price... The question you need to ask is how much below comps do the bathrooms put you (and...
by why3not
Thu Mar 02, 2017 5:35 am
Forum: Personal Finance (Not Investing)
Topic: Want to downsize, best option for funding home improvements
Replies: 22
Views: 1225

Re: Want to downsize, best option for funding home improvements

Suggest you talk to a realtor & get a feel for what improvements will add more to the sale price than they cost & only pursue those.
by why3not
Thu Mar 02, 2017 5:31 am
Forum: Personal Consumer Issues
Topic: Climate and happiness revisited
Replies: 111
Views: 7318

Re: Climate and happiness revisited

I followed a job from a cold northern climate to a warm southern climate. I didn't move for the weather, but after a couple of decades in the south, the only way I would consider chasing a job in the north is if it were 10x or more my current salary. And maybe not then. Life (to me) is much better w...
by why3not
Wed Mar 01, 2017 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Best Way to Give Our Son a Down Payment
Replies: 18
Views: 2571

Re: Best Way to Give Our Son a Down Payment

So your 30 YO son cant buy his own car or get a mortgage without a cosigner? I would advise you go quite carefully over the costs of homeownership with him. While i think it is great/generous/loving etc of you to give him enough to have a downpayment, you dont want him to become house poor & end...
by why3not
Wed Feb 22, 2017 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Real estate vs debt payments
Replies: 34
Views: 2314

Re: Real estate vs debt payments

What is the market value of the lot? What is the expected rate of return, what are the annual taxes? I see it as a sort of pseudo-investment, that (hopefully) will offer some slow growth of capital. If you expect it to grow more than 3.75% annually (after taxes & RE costs), it is a decent invest...
by why3not
Mon Feb 20, 2017 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: Once having achieved 30X -- share your strategy?
Replies: 42
Views: 4168

Re: Once having achieved 30X -- share your strategy?

1) Actual expenses (inflation adjusted) need not go up at all as income or total assets grow. I have a detailed excel spreadsheet going back to 1992 and it shows that my average expenses have mostly just followed inflation over almost 25 years regardless of my income or wealth. This has not been my...
by why3not
Mon Feb 20, 2017 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: home improvementl strategy
Replies: 19
Views: 2214

Re: home improvementl strategy

assuming you are talking about home improvement & not emergency home repair, to me the best strategy is: 1_ pay off student loans 2_ use excess + paid off loans to save cash in excess of 6 months expenses 3_ when #2 is enough to pay for home improvment, do so 4_repeat steps 2 & 3 until finis...
by why3not
Mon Feb 20, 2017 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: Once having achieved 30X -- share your strategy?
Replies: 42
Views: 4168

Re: Once having achieved 30X -- share your strategy?

FWIW, if I had assets 30x my spending, I would keep 12-18 months worth of expenses in cash equivalents (MM or online savings account) and dump the remainder in a portfolio that was 60% invested in equities and 40% in fixed income. This is what DW and I currently do (in the 25-30x range last time I ...
by why3not
Fri Feb 17, 2017 6:16 am
Forum: Personal Finance (Not Investing)
Topic: Large capital gain in 2017 from estate, set money aside in CD now?
Replies: 9
Views: 776

Re: Large capital gain in 2017 from estate, set money aside in CD now?

MisterBill wrote: The estate is going to pass thru the capital gains on the sale to the beneficiaries, but the estate tax year is not a calendar year, so I will not have to report it until my 2017 taxes.?

Aren't you getting the stepped up basis of the property? How much did it increase in value since she passed?
by why3not
Fri Feb 17, 2017 5:26 am
Forum: Personal Finance (Not Investing)
Topic: Debt Payment Strategy/Interest Question
Replies: 26
Views: 1485

Re: Debt Payment Strategy/Interest Question

Flip this & think of two investment accounts. Account 1 has a balance of $100 and is returning 12% per year and is guaranteed to do so the next 100 years. Account 2 has a balance of $100,000 and is returning 1.2% and is guaranteed to do so for the next 100 years. Which one do you put your next $...
by why3not
Wed Feb 15, 2017 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Mailed Speeding Ticket via Auto System - Not Driver
Replies: 57
Views: 1939

Re: Mailed Speeding Ticket via Auto System - Not Driver

BTW, @ the OP. Assuming you & your wife get along, there could be a reason to get the violation moved over to her name. Reportedly the insurance companies have now caught on to these "no point" violations & are beginning to adjust your car insurance rates accordingly. It is possibl...
by why3not
Wed Feb 15, 2017 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Mailed Speeding Ticket via Auto System - Not Driver
Replies: 57
Views: 1939

Re: Mailed Speeding Ticket via Auto System - Not Driver

Does that seem fair or legal? Clearly it is legal. That is how the law is written & apparently (per pervious posts upthread) has passed through district circuit appeals. So that seems to leave either fighting it at the Supreme Court or getting the law changed through the legislature. In the mea...
by why3not
Wed Feb 15, 2017 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 11064

Re: Who would quit playing if they already won?

Assume 30x Income = 1x Let's say 2x or 3x. Where would you "put aside the 1x? Where 1x = Y Then "Y"= 100% Vanguard Total Bond Market? or "Y" = 100% various Treasuries from Treasury Direct. or ??? j Me? Assuming your life expectancy is somewhere in the neighborhood of 30 yea...
by why3not
Wed Feb 15, 2017 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: -$280k Net Worth Has Me Up At Night
Replies: 68
Views: 9131

Re: -$280k Net Worth Has Me Up At Night

Hard to beat that risk free 6.5% after tax return on the student loans.
by why3not
Wed Feb 15, 2017 2:50 pm
Forum: Personal Consumer Issues
Topic: New cars or Pool?
Replies: 65
Views: 4431

Re: New cars or Pool?

I didn't read more than the first few responses, so I will just give some quick anecdotal thoughts. 1) Had pools for 20+ years now, all while raising kids. Never had near drownings by any of my kids & they generally are all self taught swimmers. Care & common sense by parents during the firs...
by why3not
Fri Feb 03, 2017 5:36 am
Forum: Investing - Theory, News & General
Topic: Risk tolerance when you meet your number
Replies: 106
Views: 10245

Re: Risk tolerance when you meet your number

1. Let’s say that you met your number and were financially independent but are young and didn’t want to retire yet. Would you (a) put all your money in a very low risk position (cash, TIPS, bonds, etc.) or (b) keep a certain piece in a riskier (stocks) position? What is so different about question ...
by why3not
Thu Feb 02, 2017 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Milestone and gotta tell someone
Replies: 61
Views: 5708

Re: Milestone and gotta tell someone

Woo hoo!
Congratulations
by why3not
Wed Feb 01, 2017 7:20 am
Forum: Investing - Help with Personal Investments
Topic: Prioritizing additional mortgage principal payment between Primary residence vs rental property
Replies: 5
Views: 458

Re: Prioritizing additional mortgage principal payment between Primary residence vs rental property

Monthly cash-flow from rental: negative 675 :oops: . Reason still keeping it around: -- Tried to sell it about 5 years ago when i relocated., but market was in dumps and house sat in the market for 6 months without offers. -- Demand for rental is high. -- It would have been cash flow positive if it...

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