Search found 7100 matches

by KlangFool
Sun Dec 10, 2017 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: Save all this money, what do you splurge on?
Replies: 132
Views: 7870

Re: Save all this money, what do you splurge on?

Folks,

Just found a very good quote for this thread.

Wealth is not his who has it, but his who enjoys it.
- Benjamin Franklin

KlangFool
by KlangFool
Sun Dec 10, 2017 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: Save all this money, what do you splurge on?
Replies: 132
Views: 7870

Re: Save all this money, what do you splurge on?

davidsorensen32 wrote:
Sun Dec 10, 2017 8:32 pm
KF, which bike did you buy ? I'm in the market for a bike myself.
KlangFool wrote:
Sat Dec 09, 2017 11:20 am
OP,

I spent $1,700 on an electric folding bike. That extends my biking distance.

KlangFool
davidsorensen32,

viewtopic.php?t=225520

Please check out above thread.

KlangFool
by KlangFool
Sun Dec 10, 2017 11:01 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice: Total market vs Larry Portfolio
Replies: 32
Views: 1802

Re: Portfolio advice: Total market vs Larry Portfolio

danielc, How do you know the future performance will be the same as the past? In fact, it is guaranteed to be different. So, how would you know that it will turn out to be over-performance or under-performance? You don't. KlangFool Indeed, I don't know the future. That's why I tried to look at diff...
by KlangFool
Sun Dec 10, 2017 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice: Total market vs Larry Portfolio
Replies: 32
Views: 1802

Re: Portfolio advice: Total market vs Larry Portfolio

- 60% VFITX - Intermediate Term Treasury; or maybe just CDs. - 20% VISVX - Small Cap Value. - 15% VFSVX - FTSE All-World ex-US Small-Cap Index. - 5% VEIEX - Emerging Market. (EDIT: Fixed an error in the stock allocations) This is not a perfect match: VISVX doesn't fully expose me to the small and v...
by KlangFool
Sun Dec 10, 2017 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Home Affordability
Replies: 5
Views: 397

Re: Home Affordability

OP,

Please include your age and your spouse's age.

KlangFool
by KlangFool
Sun Dec 10, 2017 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford? (First Home)
Replies: 17
Views: 955

Re: How much house can I afford? (First Home)

OP, <<My current 2 bedroom apartment is renting for $2500/month >> It is cheaper to rent. So, why are you buying a house or condo? KlangFool $2500/month for 6 years is $180,000 and I figured if it was being put towards equity in a home it would be better spent? You buy a condo/house for $400k. You ...
by KlangFool
Sun Dec 10, 2017 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford? (First Home)
Replies: 17
Views: 955

Re: How much house can I afford? (First Home)

OP, <<My current 2 bedroom apartment is renting for $2500/month >> It is cheaper to rent. So, why are you buying a house or condo? KlangFool $2500/month for 6 years is $180,000 and I figured if it was being put towards equity in a home it would be better spent? boatguy17, 1) You will spend a lot mo...
by KlangFool
Sun Dec 10, 2017 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford? (First Home)
Replies: 17
Views: 955

Re: How much house can I afford? (First Home)

OP,

<<My current 2 bedroom apartment is renting for $2500/month >>

It is cheaper to rent. So, why are you buying a house or condo?

KlangFool
by KlangFool
Sun Dec 10, 2017 6:44 pm
Forum: Investing - Theory, News & General
Topic: Buying index funds is just as speculative as buying Bitcoin
Replies: 64
Views: 3201

Re: Buying index funds is just as speculative as buying Bitcoin

I don’t think it’s fair to say people who buy Bitcoin are speculators who only care about price increases. I buy bitcoin because I believe in the properties of the currency. I believe the technology offers new characteristics of money which have never been seen before. I chose to put my money into ...
by KlangFool
Sun Dec 10, 2017 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice: Total market vs Larry Portfolio
Replies: 32
Views: 1802

Re: Portfolio advice: Total market vs Larry Portfolio

- What's wrong with Larry being 65 and wealthy? LP does not seem designed for one specific risk profile; you can increase the stock % in LP. The argument for LP seems to be that (1) it disproportionately reduces left-tail risk and (2) TSM is not as diversified as one might imagine because you are o...
by KlangFool
Sun Dec 10, 2017 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice: Total market vs Larry Portfolio
Replies: 32
Views: 1802

Re: Portfolio advice: Total market vs Larry Portfolio

OP, 1) I would start with 60/40 and all-in-one fund before doing the 3 funds. Some kind of target retirement fund 2) I would move to 3 funds after a few years of (1). This is assuming that you are capable of rebalancing in the face of a bull or bear market. Please note that many folks start with 3 f...
by KlangFool
Sun Dec 10, 2017 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Does this happen to you? Educating friends about personal finance
Replies: 104
Views: 5342

Re: Does this happen to you? Educating friends about personal finance

Whenever one of the young guys at work had their first child, I would politely suggest to them that they start saving for college immediately. They were always receptive to my advice. Then there were a couple of guys in their 40s who each had multiple teenagers. They asked me when I started saving ...
by KlangFool
Sun Dec 10, 2017 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Does this happen to you? Educating friends about personal finance
Replies: 104
Views: 5342

Re: Does this happen to you? Educating friends about personal finance

Whenever one of the young guys at work had their first child, I would politely suggest to them that they start saving for college immediately. They were always receptive to my advice. Then there were a couple of guys in their 40s who each had multiple teenagers. They asked me when I started saving ...
by KlangFool
Sun Dec 10, 2017 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to live on one income?
Replies: 23
Views: 1192

Re: Can we afford to live on one income?

OP, 1) There is a simpler way to analyze this. 2) What is your annual savings? 3) Take your gross income minus the taxes (Including social security and Medicare) and annual savings, you will get your annual expense. 4) It is really not a financial question. You only have a mortgage. You have no othe...
by KlangFool
Sun Dec 10, 2017 10:37 am
Forum: Personal Finance (Not Investing)
Topic: What are your big-picture ‘rules of life’ —financial or otherwise?
Replies: 68
Views: 4023

Re: What are your big-picture ‘rules of life’ —financial or otherwise?

OP, Enjoy a good cup of coffee or tea in the morning. Then, it won't matter whatever happened next for the rest of the day. You could substitute the coffee or tea with a nice morning walk or whatever. It is just something simple that you enjoy. Or, it could be different from day to day. Just give a ...
by KlangFool
Sun Dec 10, 2017 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Save all this money, what do you splurge on?
Replies: 132
Views: 7870

Re: Save all this money, what do you splurge on?

OP, I spent $1,700 on an electric folding bike. That extends my biking distance. KlangFool Which one did you get, KlangFool, and how do you like it? My husband and I are planning to get electric folding bikes next month. csm, I go with this one because I prefer to buy from a local bike store. http:...
by KlangFool
Sat Dec 09, 2017 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Does this happen to you? Educating friends about personal finance
Replies: 104
Views: 5342

Re: Does this happen to you? Educating friends about personal finance

OP, I save, invest, and max up my 401K for many years. I had been told by my family member to contribute to Roth IRAs but I choose to ignore that advice. Since I planned to retire early, I do not believe Roth IRA has a place in my plan. It took about 5+ years before I did my research and changed my ...
by KlangFool
Sat Dec 09, 2017 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Save all this money, what do you splurge on?
Replies: 132
Views: 7870

Re: Save all this money, what do you splurge on?

Interesting to read everyone’s thoughts..... For me it’s a wonderful Pro-summer Espresso machine and grinder. Few things bring me as much pleasure as a well pulled shot and the enjoyment of a morning Americano . https://www.wholelattelove.com/expobar-office-lever-baratza-vario-w-metal-portaholder A...
by KlangFool
Sat Dec 09, 2017 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Save all this money, what do you splurge on?
Replies: 132
Views: 7870

Re: Save all this money, what do you splurge on?

OP,

I spent $1,700 on an electric folding bike. That extends my biking distance.

KlangFool
by KlangFool
Sat Dec 09, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Does this happen to you? Educating friends about personal finance
Replies: 104
Views: 5342

Re: Does this happen to you? Educating friends about personal finance

OP,

Life is too short to be wasted on the unproductive effort. It is better spent on people that are willing to learn and listen.

KlangFool
by KlangFool
Sat Dec 09, 2017 9:05 am
Forum: Investing - Theory, News & General
Topic: Just not getting it
Replies: 57
Views: 5193

Re: Just not getting it

OP, 1) I gambled on Telecom stock during Telecom bust and lost 50% of my investment. 2) One of my family members worked on Wall Street for 20+ years. He has a Master Degree in Economy from the University of Chicago. He makes 7 figures in annual salary and bonuses. He lost 10 million in the Telecom b...
by KlangFool
Fri Dec 08, 2017 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage as percentage of take-home pay
Replies: 79
Views: 5540

Re: Mortgage as percentage of take-home pay

The OP's question was looking for a meaningful number. He's trying to make an intelligent decision. You're house poor peers didn't. Since the OP is trying to ensure he doesn't do the same thing, I don't think advising him he needs to wait until he has enough assets to pay it off is appropriate for ...
by KlangFool
Fri Dec 08, 2017 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage as percentage of take-home pay
Replies: 79
Views: 5540

Re: Mortgage as percentage of take-home pay

Klang, It doesn't need to be all or nothing. I know you know plenty of people who got in over their head with the price they paid for a property, so do I. And like you, some of those people lost it. That doesn't mean you need to wait until you have all of the cash before buying. People need to have...
by KlangFool
Fri Dec 08, 2017 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Save all this money, what do you splurge on?
Replies: 132
Views: 7870

Re: Save all this money, what do you splurge on?

OP,

The most precious thing in life after you have the money is time. You get to spend your time doing whatever you want. I probably go around the country and the world trying out all the nice coffee, tea, and food.

KlangFool
by KlangFool
Fri Dec 08, 2017 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: 33 years old, 13 years IT experience, currently make 63k a year. I need advice to start making more money
Replies: 70
Views: 5354

Re: 33 years old, 13 years IT experience, currently make 63k a year. I need advice to start making more money

1) Do you work at the same job for 10+ years at each employer? I hope the answer would be no. First employer was five years, current employer over 11 years now. 2) <<I see lots of suggestions to "change jobs often".>> A person could change to a different job at the same employer. But, in the contex...
by KlangFool
Fri Dec 08, 2017 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: 33 years old, 13 years IT experience, currently make 63k a year. I need advice to start making more money
Replies: 70
Views: 5354

Re: 33 years old, 13 years IT experience, currently make 63k a year. I need advice to start making more money

I have at least one contrarian viewpoint: I see lots of suggestions to "change jobs often". One of my roles is hiring manager, and I almost always toss resumes that shows someone changing jobs every two or three years. I'm nearing 20 years of post-college professional IT work, and have only worked ...
by KlangFool
Fri Dec 08, 2017 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage as percentage of take-home pay
Replies: 79
Views: 5540

Re: Mortgage as percentage of take-home pay

Klang, It doesn't need to be all or nothing. I know you know plenty of people who got in over their head with the price they paid for a property, so do I. And like you, some of those people lost it. That doesn't mean you need to wait until you have all of the cash before buying. People need to have...
by KlangFool
Fri Dec 08, 2017 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage as percentage of take-home pay
Replies: 79
Views: 5540

Re: Mortgage as percentage of take-home pay

Klang, It doesn't need to be all or nothing. I know you know plenty of people who got in over their head with the price they paid for a property, so do I. And like you, some of those people lost it. That doesn't mean you need to wait until you have all of the cash before buying. People need to have...
by KlangFool
Fri Dec 08, 2017 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads say when they don't want to spend money?
Replies: 103
Views: 5226

Re: What do Bogleheads say when they don't want to spend money?

This is probably a tangential issue, but what do you say when someone really wants you to spend your money, and you don't want to? IOW, when you're talking to a salesperson? Years ago a nice woman came to my door and tried to sell me new windows for my house. The house definitely could've used new ...
by KlangFool
Fri Dec 08, 2017 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads say when they don't want to spend money?
Replies: 103
Views: 5226

Re: What do Bogleheads say when they don't want to spend money?

wrongfunds wrote:
Fri Dec 08, 2017 12:51 pm
4) Your post was reported to the forum moderator.
Really? Wow :-( I don't think you should throw the 1st stone because it will only escalate from there,
wrongfunds,

Please read below and judge for yourself.

viewtopic.php?f=11&t=233593

KlangFool
by KlangFool
Fri Dec 08, 2017 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads say when they don't want to spend money?
Replies: 103
Views: 5226

Re: What do Bogleheads say when they don't want to spend money?

My dad talks about how much harder it was to say "no" to us as kids and teens once "we can't afford that" wasn't accurate. Meg77, I do not have that problem. My response tends to be if you want it, you can pay for it. My kids have the money to pay for those things. KlangFool You are paying for coll...
by KlangFool
Fri Dec 08, 2017 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: 33 years old, 13 years IT experience, currently make 63k a year. I need advice to start making more money
Replies: 70
Views: 5354

Re: 33 years old, 13 years IT experience, currently make 63k a year. I need advice to start making more money

With your background I would add another vote to get into cyber security. There is so much demand for that now that once you can get your foot in the door you can learn a lot on the job. In many other areas of IT there may be a checklist of skills that an employer will want you have to ALL of to ev...
by KlangFool
Fri Dec 08, 2017 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: At what age your investments start making more money than you?
Replies: 107
Views: 7073

Re: At what age your investments start making more money than you?

OP, 1) Hopefully, this year. 2) I am in the 50s. KlangFool Congrats. I have been thinking 50's is the reasonable number that can happen. Of course unemployment would make hitting it much less fun but also much easier. CnC, << I have been thinking 50's is the reasonable number that can happen. >> No...
by KlangFool
Fri Dec 08, 2017 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: At what age your investments start making more money than you?
Replies: 107
Views: 7073

Re: At what age your investments start making more money than you?

OP,

1) Hopefully, this year.

2) I am in the 50s.

KlangFool
by KlangFool
Fri Dec 08, 2017 8:07 am
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads say when they don't want to spend money?
Replies: 103
Views: 5226

Re: What do Bogleheads say when they don't want to spend money?

My dad talks about how much harder it was to say "no" to us as kids and teens once "we can't afford that" wasn't accurate. Meg77, I do not have that problem. My response tends to be if you want it, you can pay for it. My kids have the money to pay for those things. KlangFool Good to know that your ...
by KlangFool
Thu Dec 07, 2017 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads say when they don't want to spend money?
Replies: 103
Views: 5226

Re: What do Bogleheads say when they don't want to spend money?

Meg77 wrote:
Thu Dec 07, 2017 3:10 pm
My dad talks about how much harder it was to say "no" to us as kids and teens once "we can't afford that" wasn't accurate.
Meg77,

I do not have that problem. My response tends to be if you want it, you can pay for it. My kids have the money to pay for those things.

KlangFool
by KlangFool
Thu Dec 07, 2017 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads say when they don't want to spend money?
Replies: 103
Views: 5226

Re: What do Bogleheads say when they don't want to spend money?

livesoft wrote:
Thu Dec 07, 2017 2:45 pm
"I don't want it."
"I don't need it."
"I'd rather spend my money on something else."
"What a waste of money!"
+1.

KlangFool
by KlangFool
Thu Dec 07, 2017 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: 33 years old, 13 years IT experience, currently make 63k a year. I need advice to start making more money
Replies: 70
Views: 5354

Re: 33 years old, 13 years IT experience, currently make 63k a year. I need advice to start making more money

OP,

1) What kind of certification do you have?

2) What are you capable of after 13 years in IT?

3) How can the future employer verify your capability in (2)?

4) What do you want out of your career?

5) What are you good at?

6) After 13 years, you should be able to answer (4) and (5).

KlangFool
by KlangFool
Thu Dec 07, 2017 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage as percentage of take-home pay
Replies: 79
Views: 5540

Re: Mortgage as percentage of take-home pay

Are you aiming for Financial Independence or Retirement? Those are the same thing. Got enough money to live on? Retire. LiterallyIronic, Not to some folks. For some people, retirement implies retirement age (62 to 67). Meanwhile, FI has no such implication. It could happen anytime. KlangFool
by KlangFool
Thu Dec 07, 2017 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage as percentage of take-home pay
Replies: 79
Views: 5540

Re: Mortgage as percentage of take-home pay

Isn't paying down a mortgage considered saving once you exclude the interest paid since that doesn't increase your ownership percentage of the house? nickjoy, How does that help you financially until it is totally paid off? It does not. Let's assume that you have a 400K house, 300K mortgage, and 10...
by KlangFool
Thu Dec 07, 2017 11:05 am
Forum: Investing - Theory, News & General
Topic: Thoughts on Malkiel saying a world index maybe underweight countries like China?
Replies: 20
Views: 1075

Re: Thoughts on Malkiel saying a world index maybe underweight countries like China?

Most indices to my knowledge are based on free float market capitalisation. Malkiel argues that this means China and other countries like it might be underweight, (arguing this on must recent version of Random Walk Down Wall St., and also in the google talk he gave : time stamped https://youtu.be/w...
by KlangFool
Thu Dec 07, 2017 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage as percentage of take-home pay
Replies: 79
Views: 5540

Re: Mortgage as percentage of take-home pay

KlangFool--- Is rapid mortgage payoff (10 years instead of 30 years) considered savings? Klangfool doesn’t consider a house an asset. So judging by that logic, paying off in 10 years means throwing significantly more money away every month but for a shorter period of time vs throwing away less mone...
by KlangFool
Thu Dec 07, 2017 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage as percentage of take-home pay
Replies: 79
Views: 5540

Re: Mortgage as percentage of take-home pay

KlangFool--- Is rapid mortgage payoff (10 years instead of 30 years) considered savings? awval999, Are you aiming for Financial Independence or Retirement? I am aiming for FI. In general, I do not believe in pre-paying the mortgage incrementally. I would either paid off the mortgage in a lump sum o...
by KlangFool
Thu Dec 07, 2017 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage as percentage of take-home pay
Replies: 79
Views: 5540

Re: Mortgage as percentage of take-home pay

Question for the board... Does the answer change if the mortgage is: 30 years? 15 years? 10 years? Is the shorter term more of a "forced savings"? Example. Boglehead Joe has a 30 year mortgage at 25% of take-home pay. Boglehead Jane has a 10 year mortgage at 34% of take-home pay. Who's the better b...
by KlangFool
Wed Dec 06, 2017 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: Will I make it? (Another "evaluate my financials" post..)
Replies: 19
Views: 1397

Re: Will I make it? (Another "evaluate my financials" post..)

This is 18K to 24K of your money over the next 5 years = 90K to 120K of your money. It is a significant amount of your money. IMHO, this is a big mistake no matter whether you choose to buy a house in 5 years. KlangFool Interesting thought, but I crunched some numbers.. Saving $18K/yr in a 1.25% sa...
by KlangFool
Wed Dec 06, 2017 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: Will I make it? (Another "evaluate my financials" post..)
Replies: 19
Views: 1397

Re: Will I make it? (Another "evaluate my financials" post..)

BogleMelon, You might be aiming for a house that you could never afford to buy. KlangFool I know. The numbers is in your inbox. We had this discussion before. But currently I need some insight from the people in here about my retirement saving rate, and how good/bad it is. If it happened that my re...
by KlangFool
Wed Dec 06, 2017 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: Will I make it? (Another "evaluate my financials" post..)
Replies: 19
Views: 1397

Re: Will I make it? (Another "evaluate my financials" post..)

How can I define: "I have reached the jump start, and OK to save for a house"?! Saving for retirement as a goal, seems like never gets enough! The more I increase my saving rate, the more I feel I should be saving more!! And believe me, buying a home is not about "American dream", it is about, to g...
by KlangFool
Wed Dec 06, 2017 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Will I make it? (Another "evaluate my financials" post..)
Replies: 19
Views: 1397

Re: Will I make it? (Another "evaluate my financials" post..)

How can I define: "I have reached the jump start, and OK to save for a house"?! Saving for retirement as a goal, seems like never gets enough! The more I increase my saving rate, the more I feel I should be saving more!! And believe me, buying a home is not about "American dream", it is about, to g...
by KlangFool
Wed Dec 06, 2017 3:37 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity charges to close accounts!
Replies: 53
Views: 19317

Re: Fidelity charges to close accounts!

OP,

There is a simple solution: do not close the account. Transfer all the money out except $1.

KlangFool
by KlangFool
Wed Dec 06, 2017 2:57 pm
Forum: Personal Consumer Issues
Topic: Philanthropy and related issues
Replies: 50
Views: 3229

Re: Philanthropy and related issues

There's nothing pejorative about the expression "financially fortunate." Are you mistaking this for "lucky"? OP means wealthy or well off or rich. That's a thing, and it's not a commentary on how you got there and I don't think it's meant to sum up the totality of one's life struggles. Many on BH a...