Search found 144 matches

by rocket354
Fri Feb 02, 2018 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: When is it ok to quit your job and run your business full time?
Replies: 24
Views: 2148

Re: When is it ok to quit your job and run your business full time?

I just want to preface this by saying I am someone who absolutely abhors jobs and corporate culture. Years ago, I had a "side gig" that resulted in my making many multiples of my FT job salary. I quit to pursue my side gig and had a lot of fun. But then that dried up and suddenly I was 5+ years remo...
by rocket354
Fri Feb 02, 2018 5:30 pm
Forum: Personal Consumer Issues
Topic: Relearning Calculus
Replies: 81
Views: 5994

Re: Relearning Calculus

How deep of an understanding do you need? It sounds like you might want an undergraduate Real Analysis course. You start really basic, recreating all aspects of math (literally addition and subtraction), and culminate with definitions of derivatives and integrals. Real Analysis is not basic at all--...
by rocket354
Mon Jan 29, 2018 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Feeling Locked into a Job
Replies: 26
Views: 2971

Re: Feeling Locked into a Job

I will leave the answers to people who know more about these things, but I do have a question. What happens if you get laid off in the intervening 16 years? Do layoffs just not exist in the public sector? Otherwise, it seems like you'd be taking on that risk as well if you paid out the $95k today.
by rocket354
Mon Jan 29, 2018 1:00 pm
Forum: Investing - Theory, News & General
Topic: If you're really rich you're probably not an index-fundi Boglehead
Replies: 61
Views: 10902

Re: If you're really rich you're probably not an index-fundi Boglehead

As noted by others, the data is unclear what it is representing. My guess is the tiers are the lower threshold. So the $10k tier is $10k-$99k, the $100k tier is $100k - $999k, etc. Also, while it would definitely be nice to know if the proportions are median or mean, either way the amounts are plaus...
by rocket354
Mon Jan 29, 2018 8:42 am
Forum: Personal Finance (Not Investing)
Topic: $100k+ Credit Card Spend Per Year: What card offers the best return?
Replies: 44
Views: 4569

Re: $100k+ Credit Card Spend Per Year: What card offers the best return?

I would look into what 5% point dividend means. $50,000 spend = 2500 points = $25? I would definitely hope not, but I'd investigate. (Or you get points that you can only spend on their portal, and have very limited options.) I can see a reason why it might be a legit $2500 value: they're trying to a...
by rocket354
Sun Jan 28, 2018 12:52 am
Forum: Investing - Help with Personal Investments
Topic: Getting a late start. 38yr old seeking advice.
Replies: 10
Views: 1473

Re: Getting a late start. 38yr old seeking advice.

Renter covers my 15 yr loan payment so we break even on that. Even assuming you are including taxes and insurance in that, you still have maintenance and repairs that you are responsible for. Therefore, you aren't breaking even. You are operating at a cash loss. I don't know how much equity buildup...
by rocket354
Wed Jan 24, 2018 12:03 am
Forum: Investing - Theory, News & General
Topic: Calling all stats and math gurus...monte carlo in excel or online program
Replies: 13
Views: 1071

Re: Calling all stats and math gurus...monte carlo in excel or online program

So, there are a few issues. One, how safe is the institution that offers a guaranteed minimum of a 3% return? Two, the nominal CAGR may be 8.35% but the beginning of that 42-year period had very high inflation. What's the CAGR in real terms? Third, and perhaps most importantly, the variance is the k...
by rocket354
Tue Jan 23, 2018 10:13 pm
Forum: Investing - Help with Personal Investments
Topic: 22 yo with 70k new to investing with almost entire salary going towards savings
Replies: 22
Views: 2145

Re: 22 yo with 70k new to investing with almost entire salary going towards savings

I know that we are nearing the end of a historically long bull market Do you? How? and have been looking into real estate (which is also really overpriced at the moment). Is it? What should it be priced? I ask these questions as someone who survived (barely) the great recession of ten years ago whe...
by rocket354
Tue Jan 16, 2018 9:47 am
Forum: Investing - Help with Personal Investments
Topic: 24 year old with a little over a million looking for a stable income.
Replies: 15
Views: 2654

Re: 24 year old with a little over a million looking for a stable income.

I would definitely travel (on the cheap!) for a year or so. Have fun, and explore. Have the time of your life. Then get a job. You are in an amazing position where you can work until you are 40, buy a home, get cheap health insurance, build up your SS credits and let your money grow. By 40 you can h...
by rocket354
Wed Jan 10, 2018 12:01 am
Forum: Personal Consumer Issues
Topic: New mattress
Replies: 75
Views: 7712

Re: New mattress

I'm a retired polymer chemist..."hyper-elastic polymer" could describe any polymer used in this product-space. Natural latex is a hyper-elastic polymer as is PU foam. There are many others (elastic polymers), but, in total, there are few elastic polymers that can be processed as, or into, foams...a...
by rocket354
Tue Jan 09, 2018 12:07 pm
Forum: Personal Consumer Issues
Topic: New mattress
Replies: 75
Views: 7712

Re: New mattress

Purple is new to me..cute purple pigment compounded into PU foam..undoubtedly the secret to a good night's sleep. PU foam..can be hot, certainly is expensive, and has limited service life. I do sleep on a Tempurpedic two nights a week..and it's comfortable, but PU still suffers from high cost and l...
by rocket354
Mon Jan 08, 2018 8:57 pm
Forum: Investing - Help with Personal Investments
Topic: Smallest % worth Allocating in your Portfolio
Replies: 30
Views: 2050

Re: Smallest % worth Allocating in your Portfolio

The smallest I have is either 5% or .03%, depending on how you look at it. I'm not too concerned with it. The 5% is (funny to me, given the example given in the OP) the mid-cap value fund in Vanguard. I use TSM, Total International, but I also like a SCV tilt, so I use their SCV and MCV funds. Since...
by rocket354
Thu Jan 04, 2018 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Motivational stories
Replies: 5
Views: 832

Re: Motivational stories

Anybody else with success stories?
by rocket354
Thu Jan 04, 2018 1:50 am
Forum: Personal Finance (Not Investing)
Topic: Motivational stories
Replies: 5
Views: 832

Motivational stories

I just hit a big (for me) financial goal, then thought to where I was just a few years ago, and realized I'd come a long way. I'm sure there are many other more impressive stories than mine, so please share! For me, the 2008/9 financial crisis hit me hard. I lost a high-paying job, had just started ...
by rocket354
Tue Jan 02, 2018 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Saving a little, here and there...
Replies: 21
Views: 3831

Re: Saving a little, here and there...

On the saving side there are two things I do that have added up to a decent amount over the years: 1) Never pay for a drink (hard or soft) at a restaurant. I always drink water. Those $1-4 soft drinks savings have added up considerably in the 20+ years since I last bought one. That isn't even counti...
by rocket354
Sun Dec 31, 2017 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Target Net Worth
Replies: 39
Views: 4605

Re: Target Net Worth

Be careful not to conflate 'net worth' with income producing assets. Your home, auto, household goods, etc. generally produce expense not income, so shouldn't be included when considering how much you have to support expenses in retirement. The exception would be if you plan to downsize considerabl...
by rocket354
Mon Dec 25, 2017 9:04 pm
Forum: Personal Consumer Issues
Topic: manual car for new teen driver
Replies: 143
Views: 6775

Re: manual car for new teen driver

Acura TSX would be a great manual car. They were built approximately 2004-13. The earlier models are slightly towards the smaller side, but the later versions were comparable to an Accord in size. Acura reliability, so you could probably find many with < 100k miles (half its useful life left) for ar...
by rocket354
Sun Dec 24, 2017 12:55 pm
Forum: Investing - Theory, News & General
Topic: Not investing through your 30's
Replies: 60
Views: 5763

Re: Not investing through your 30's

If you max a Roth IRA at age 20 and let it grow for 40 years your expected return is something like 100k. You get more bang for your buck the earlier you start. Personally I would love to retire now at age 42 and spend more time with my kids. I am trying to figure out where the figure of $100k came...
by rocket354
Sun Dec 24, 2017 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: FY17 Final, Personal Savings Rate
Replies: 26
Views: 2381

Re: FY17 Final, Personal Savings Rate

Did you mix up your numbers? Gross salary is usually pre-tax, net salary is post-tax. Unless you're counting, for example, 401k contributions from gross and not from net? Either way, I'm at about 50% of gross, counting total saved/total gross. Total saved/total net after taxes is more like 80%. In o...
by rocket354
Sun Dec 24, 2017 12:29 pm
Forum: Investing - Theory, News & General
Topic: Not investing through your 30's
Replies: 60
Views: 5763

Re: Not investing through your 30's

A couple things: 1) Einstein most likely never said anything about compound interest being the eighth wonder of the world. While financial salesmen (that many on this site abhor) have latched onto and continue to propagate this popular myth in order to make more sales and seem more important, I woul...
by rocket354
Tue Dec 19, 2017 10:28 pm
Forum: Investing - Help with Personal Investments
Topic: 100% equity folks- holding any cash/bonds now?
Replies: 38
Views: 2817

Re: 100% equity folks- holding any cash/bonds now?

I've been 100% equity for 6+ years now. I was 92/8 going into the GFC and handled that ok, so got rid of all bonds.

I am still 100% equity, and plan to be for the foreseeable future. Although, if you want to get technical, I do keep some cash in a checking account so I can pay bills and whatnot.
by rocket354
Tue Dec 19, 2017 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Mentally loosening the strings
Replies: 36
Views: 3791

Re: Mentally loosening the strings

I am extraordinarily frugal. That is the result of a triple whammy of: 1) Very frugal and money-concious father. He was a Boglehead before Bogle was well-known. 2) Mother whose family endured the great depression. She was the youngest (born in the 40's) of a family where her brothers were born in th...
by rocket354
Tue Dec 19, 2017 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: The cost of excess cash in portfolio
Replies: 8
Views: 963

Re: The cost of excess cash in portfolio

However, that is not the whole story. You chose to compare some of your cash against your next-lowest-expected-return asset. You really have $100,000 in cash, and could, for example, compare it against stocks. $100,000 at 7.5% for 30 years becomes: $875,495 Thank you for the response. To clarify, I...
by rocket354
Tue Dec 19, 2017 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: The cost of excess cash in portfolio
Replies: 8
Views: 963

Re: The cost of excess cash in portfolio

Cash is a drag. You don't have to jump through all those hoops to come to how much it's costing you. The opportunity cost, per year, is (alternative investment return - return on cash)*amount in cash. Using your numbers, you switched $75,000 between bonds at 2.6% and cash at 1.3%. (2.6% - 1.3%)*$75...
by rocket354
Tue Dec 19, 2017 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: The cost of excess cash in portfolio
Replies: 8
Views: 963

Re: The cost of excess cash in portfolio

Cash is a drag. You don't have to jump through all those hoops to come to how much it's costing you. The opportunity cost, per year, is (alternative investment return - return on cash)*amount in cash. Using your numbers, you switched $75,000 between bonds at 2.6% and cash at 1.3%. (2.6% - 1.3%)*$75,...
by rocket354
Mon Dec 11, 2017 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: best cashback credit card ?
Replies: 47
Views: 4034

Re: best cashback credit card ?

The costco card is 4% on gas, 3% on travel, 3% on restaurants. The Amex Blue cash is 3% on groceries. (Or 5% if you pay an annual fee) A combination of those two cards plus the double cash for everything else, is what I do. 6% with an annual fee that makes it an effective 4.4% card if you max it ou...
by rocket354
Sun Dec 10, 2017 12:46 am
Forum: Personal Finance (Not Investing)
Topic: How can someone who earns 500k/yr in w2 be in 25% tax bracket?
Replies: 17
Views: 2724

Re: How can someone who earns 500k/yr in w2 be in 25% tax bracket?

MiddleOfTheRoad wrote:
Sun Dec 10, 2017 12:42 am
He may be quoting his effective tax rate. You would be surprised how a lot of people don’t know the difference.
This is probably the winner.
by rocket354
Fri Dec 08, 2017 5:18 pm
Forum: Investing - Theory, News & General
Topic: "Think you can time the stock market? Look at this chart first"
Replies: 42
Views: 4360

Re: "Think you can time the stock market? Look at this chart first"

One thing about the article I have to question is what is the utility of pointing out that if you missed the best x days, you'd be down so much? It's of trivial interest, but as far as market timing goes I think it would be difficult to miss the best, say, 30 days without also missing some of the wo...
by rocket354
Tue Dec 05, 2017 11:30 am
Forum: Personal Consumer Issues
Topic: selling an older car on eBay-no bites!
Replies: 65
Views: 4864

Re: selling an older car on eBay-no bites!

I agree with the seasonal aspect to these purchases. Wait until Spring. Another aspect of ebay is the emotional attachment to something someone has already bid on. I've never sold a car on ebay, but I've sold many other items and I do believe for anything that will have a number of people looking at...
by rocket354
Mon Dec 04, 2017 5:34 pm
Forum: Personal Consumer Issues
Topic: Understanding the World of Credit Card "Points"
Replies: 60
Views: 3703

Re: Understanding the World of Credit Card "Points"

I agree with a lot that's been written here. For a newbie, I would go with these steps: 1) Chase cards. Freedom gives $150 back after $500 in spending. Once you've done that first one, you'll see it isn't so hard. Then you can try the Sapphire Preferred, which, at least when I did it about a year ag...
by rocket354
Thu Nov 30, 2017 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: Decision Needed - How to Invest Rental Income?
Replies: 16
Views: 670

Re: Decision Needed - How to Invest Rental Income?

I don't think where the money comes from is an important factor in what to do with the money. And that depends on your overall financial picture. With any money, the approximate order of importance is: 1) Pay down high-interest debt (credit cards primarily) 2) Invest (stocks or more rental properti...
by rocket354
Thu Nov 30, 2017 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Decision Needed - How to Invest Rental Income?
Replies: 16
Views: 670

Re: Decision Needed - How to Invest Rental Income?

I don't think where the money comes from is an important factor in deciding what to do with the money. And that depends on your overall financial picture. With any money, the approximate order of importance is: 1) Pay down high-interest debt (credit cards primarily) 2) Invest (stocks or more rental ...
by rocket354
Wed Nov 29, 2017 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 149
Views: 17120

Re: A good friend has nearly $1M in BitCoin what do I tell him?

The problem is simple though. Any normal human being would sell 50% at this point, but any normal human being would have sold 50% earlier than this point, so the only reason he's even in this position is because he's not a normal human being, and therefore you can't expect him to suddenly act like ...
by rocket354
Sun Nov 26, 2017 9:33 pm
Forum: Personal Consumer Issues
Topic: Etiquette question: Paying for meals out & out of town guests
Replies: 79
Views: 5922

Re: Etiquette question: Paying for meals out & out of town guests

Folks, I will play devil advocate here. A) Guest that flew in had lived in a 200K house. B) Hosted by OP with a big expensive 850K house. C) Guest used up most of their budget in paying for the plane ticket. D) Obviously, OP is a lot richer than the guest by the size of the house. E) So, what is th...
by rocket354
Sat Nov 25, 2017 5:53 pm
Forum: Personal Consumer Issues
Topic: Furniture
Replies: 22
Views: 2038

Re: Furniture

I've gone the relatively cheap route, and had great success. I've gone the craigslist route, and had great success. Between moving, changing needs and so forth, I would never buy full-price furniture, and definitely not high-end furniture. When I've moved cross-country or wanted something different,...
by rocket354
Sat Nov 25, 2017 12:37 pm
Forum: Personal Consumer Issues
Topic: Etiquette question: Paying for meals out & out of town guests
Replies: 79
Views: 5922

Re: Etiquette question: Paying for meals out & out of town guests

I'm sorry, but inflexibility with guests and tit-for-tat on who pays for what is just not how I choose to spend my time with my friends. (that being said -- a constant moocher would soon no longer be a friend....) I'm guessing most people, even those you may feel you disagree with, have more or les...
by rocket354
Sat Nov 25, 2017 1:10 am
Forum: Personal Consumer Issues
Topic: Etiquette question: Paying for meals out & out of town guests
Replies: 79
Views: 5922

Re: Etiquette question: Paying for meals out & out of town guests

I'm wondering how you and your family handles paying for meals out with regards to out of town visitors that you may be hosting. I can't claim to be skilled in etiquette, but I agree with your wife. Given the circumstances, I would have assumed they were treating. Not knowing the larger flow of you...
by rocket354
Wed Nov 22, 2017 12:06 am
Forum: Investing - Help with Personal Investments
Topic: Advice to become wealthy
Replies: 58
Views: 5684

Re: Advice to become wealthy

The top 1% by net worth is now about $10 million.

That said, maxing your retirement accounts, investing properly, and patience should get you to your $3-4 million goal as long as you have enough time ahead of you for your current assets.
by rocket354
Sun Nov 19, 2017 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 14987

Re: Dave Ramsey says don't use credit cards, even if you pay them off

I use credit cards so much that I think I now have the opposite problem. Everything is tied to my checking account--direct deposit of paychecks and rental payments, bill pay of utilities and credit cards--and so my entire idea of how much money I have (and how I should budget) comes from that value....
by rocket354
Sun Nov 19, 2017 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: Annual timing of Roth IRA contribution
Replies: 15
Views: 1605

Re: Annual timing of Roth IRA contribution

Though it wasn't said on this thread, I frankly don't understand those who claim to fully contribute the max to their IRAs on the 2nd day of the calendar year. Where was that cash sitting up to that point? I do it at least in part by selling shares in taxable with losses or minimal long-term gains ...
by rocket354
Wed Nov 15, 2017 4:40 pm
Forum: Personal Consumer Issues
Topic: Office Chair Recommendations (Aeron?)
Replies: 38
Views: 2735

Re: Office Chair Recommendations (Aeron?)

I've used Aeron at various companies. I bought for my own place a Steelcase and liked it considerably more. Aeron has more of the workplace market and therefore many more loyal followers who might not have experienced much else. That's not to say it isn't a fine chair, but it wasn't ideal for me and...
by rocket354
Wed Nov 15, 2017 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Sobering article for my 25 year old self
Replies: 57
Views: 7318

Re: Sobering article for my 25 year old self

That's why I choose the miser-> normal option. If life throws me curveballs (which it already has) then I'll still be ahead of where I need to be to have a comfy, and hopefully early, retirement. Problem of course is the opportunity cost that you pay by insuring against layoffs, health issues, agei...
by rocket354
Wed Nov 15, 2017 3:53 pm
Forum: Personal Consumer Issues
Topic: Regrets after reaching retirement?
Replies: 42
Views: 4815

Re: Regrets after reaching retirement?

Not the OP, but perhaps instead of reading regret and thinking "things that I hate myself every waking moment for having done," read regret as "in retrospect, these are the lesson's I've learned about how things could/should be done." That would be a very helpful perspective for people still chartin...
by rocket354
Wed Nov 15, 2017 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Sobering article for my 25 year old self
Replies: 57
Views: 7318

Re: Sobering article for my 25 year old self

This article is one of the most compelling arguments for saving as much as possible I have found. Hopefully it will help some folks avoid getting into their 50s and suddenly realizing they have little hope of making it to financial independence. The good news in this article is if you save >50% inv...
by rocket354
Wed Nov 15, 2017 1:02 pm
Forum: Personal Consumer Issues
Topic: Has used furniture dropped in value dramatically?
Replies: 108
Views: 9541

Re: Has used furniture dropped in value dramatically?

Even more contemporary furniture can have zero value. I craigslist everything and am a firm believer of dropping the price significantly every week until it goes. We sold a very nice oak and glass lighted china cabinet from the early 90s for $5. Sold 4 early 70's maker marked colonial pine chairs f...
by rocket354
Wed Nov 15, 2017 12:07 pm
Forum: Personal Consumer Issues
Topic: Has used furniture dropped in value dramatically?
Replies: 108
Views: 9541

Re: Has used furniture dropped in value dramatically?

I don't know if this is the exact answer you are looking for, but here goes... I moved two years ago and sold just about every piece of furniture in my house. This included a lot of brown furniture, and matching furniture. I took pictures of everything and put it on craigslist (separate listing for ...
by rocket354
Sat Nov 11, 2017 9:16 pm
Forum: Personal Consumer Issues
Topic: Best way to sell house contents
Replies: 19
Views: 2785

Re: Best way to sell house contents

I've used Craigslist a heck of a lot in various locations without ever having a problem. The biggest issue is for less expensive items (< $50) you may get a lot of flakes. CL is the first place I go to whenever I have something to sell, from a used printer to a car.
by rocket354
Sat Nov 11, 2017 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: What Credit Card is good for me?
Replies: 19
Views: 1524

Re: What Credit Card is good for me?

The Citi Doublecash card is 2% (1% when you purchase, another 1% when you pay the bill). I like it better than Fidelity because that card, unless it's changed recently, you can only redeem into Fidelity investment accounts. With the Citi I just do a direct deposit into my checking account. There is ...
by rocket354
Sat Nov 11, 2017 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: A penny saved is NOT a penny earned ..
Replies: 16
Views: 2477

Re: A penny saved is NOT a penny earned ..

Different ways to look at it. If I save a buck at the store by buying a less expensive item, I have a buck more. If I earn a buck more, I have 70 cents more than before. That is to say, pretax dollars are not the same as after tax dollars. Exactly. $1 saved is exactly the same as $1 more in what ge...
by rocket354
Sat Nov 11, 2017 4:18 pm
Forum: Personal Consumer Issues
Topic: Swedish Death Cleaning [De-clutter your home]
Replies: 63
Views: 7451

Re: Swedish Death Cleaning [De-clutter your home]

I went through a similar process when I moved cross-country after 10 years in my previous location. Everything went into one of four piles: Keep, Sell, Give away/Donate, Trash. The sizes of the piles went in the opposite order. There were a few momentary pangs when getting rid of some items (a softb...