Search found 1580 matches

by BogleMelon
Wed Jan 23, 2019 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: What is Considered Middle Class?
Replies: 36
Views: 2480

Re: What is Considered Middle Class?

I have my own definition: When you are not poor enough to get government freebies, but in the same time not rich enough to ditch your budget and spend where your heart is pleased.
by BogleMelon
Tue Jan 22, 2019 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: What should be the minimum income to consider living in a HCOL?
Replies: 29
Views: 2700

Re: What should be the minimum income to consider living in a HCOL?

BogleMelon: My numbers look similar to yours in many ways. We live in the Bay Area on my sole income as a public school teacher and my wife is currently a stay-at-home parent. We’re both 44 and our income is almost identical to yours (around $115k). Like you, we also save right around $34k in retir...
by BogleMelon
Tue Jan 22, 2019 4:05 pm
Forum: Investing - Theory, News & General
Topic: "Bogleheads on Investing" podcast growing audience
Replies: 24
Views: 2233

Re: "Bogleheads on Investing" podcast growing audience

What android app to use to listen on my phone?
by BogleMelon
Tue Jan 22, 2019 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: What should be the minimum income to consider living in a HCOL?
Replies: 29
Views: 2700

Re: What should be the minimum income to consider living in a HCOL?

I make $90K working there. ....... Had we moved to say NC or other LCOL state, I could make $85~$95K while waiting for my wife to find something. If you don't have strong family ties in NJ then moving to a lower cost of living area is an easy choice at least from a financial point of view if you ca...
by BogleMelon
Tue Jan 22, 2019 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: What should be the minimum income to consider living in a HCOL?
Replies: 29
Views: 2700

Re: What should be the minimum income to consider living in a HCOL?

I make $90K working there. ....... Had we moved to say NC or other LCOL state, I could make $85~$95K while waiting for my wife to find something. If you don't have strong family ties in NJ then moving to a lower cost of living area is an easy choice at least from a financial point of view if you ca...
by BogleMelon
Tue Jan 22, 2019 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: What should be the minimum income to consider living in a HCOL?
Replies: 29
Views: 2700

Re: What should be the minimum income to consider living in a HCOL?

BogleMelon: My numbers look similar to yours in many ways. We live in the Bay Area on my sole income as a public school teacher and my wife is currently a stay-at-home parent. We’re both 44 and our income is almost identical to yours (around $115k). Like you, we also save right around $34k in retir...
by BogleMelon
Mon Jan 21, 2019 11:04 am
Forum: Personal Finance (Not Investing)
Topic: What should be the minimum income to consider living in a HCOL?
Replies: 29
Views: 2700

What should be the minimum income to consider living in a HCOL?

Please feel free to either simply answer the above question, or read below my specific situation and advice.. NJ has the highest property tax among the nation. I make $90K working there. My wife is doing a part time job (state job) that she hates it, an making another $23K. Together we are making $1...
by BogleMelon
Fri Jan 18, 2019 3:24 pm
Forum: Personal Consumer Issues
Topic: Strategies to combat or justify lifestyle creep
Replies: 91
Views: 7137

Re: Strategies to combat or justify lifestyle creep

Dude just buy the Tesla. Money is for buying stuff. Either now or later. Which one you pick is totally up to you. Just be mindful that the one thing you can’t buy is more time on this earth. While you can't buy more time, you can use the money to add quality to your time, AKA retiring earlier from ...
by BogleMelon
Fri Jan 18, 2019 12:21 pm
Forum: Personal Consumer Issues
Topic: Strategies to combat or justify lifestyle creep
Replies: 91
Views: 7137

Re: Strategies to combat or justify lifestyle creep

Dude just buy the Tesla. Money is for buying stuff. Either now or later. Which one you pick is totally up to you. Just be mindful that the one thing you can’t buy is more time on this earth. While you can't buy more time, you can use the money to add quality to your time, AKA retiring earlier from ...
by BogleMelon
Fri Jan 18, 2019 12:19 pm
Forum: Personal Consumer Issues
Topic: NJ EZ-Pass Why a monthly service fee?
Replies: 56
Views: 2632

Re: NJ EZ-Pass Why a monthly service fee?

yeahman wrote:
Fri Jan 18, 2019 11:16 am
A440 wrote:
Fri Jan 18, 2019 8:04 am
I'll just add this to my list of reasons to move out of NJ someday when I retire.
NJ seems to want to make it harder to retire there. Highest property taxes, no traditional IRA deduction, and no HSA deduction.
+1
457B's are not deductible either for state employees
by BogleMelon
Wed Jan 16, 2019 11:45 am
Forum: Personal Consumer Issues
Topic: Gillette Mach 3 alternatives
Replies: 81
Views: 5955

Re: Gillette Mach 3 alternatives

+1 to Schick Hydro 5. I buy mine from Costco on a sale
by BogleMelon
Wed Jan 16, 2019 9:21 am
Forum: Investing - Theory, News & General
Topic: When/why have you needed customer service from Fido, VG, Schwab etc.?
Replies: 30
Views: 1521

Re: When/why have you needed customer service from Fido, VG, Schwab etc.?

123 wrote:
Wed Jan 16, 2019 12:45 am
Schwab
- Deposit of large checks I did not want to mail (received immediate credit)
This is strange! I have to wait for a full 6 days to get the check available in my account! I moved to Ally checking because of this.
by BogleMelon
Sat Jan 05, 2019 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Does a PMI in lieu of 20% down ever make sense?
Replies: 48
Views: 2889

Re: Does a PMI in lieu of 20% down ever make sense?

I have to say that Bogleheads are an interesting group. I'd say not more than 30% of my Buyers have 20% to put down on a house. (Those are usually move up Buyers). Right or wrong most people want to get on with their lives. They want a yard for kids and dogs and a place to set roots. They can still...
by BogleMelon
Sat Jan 05, 2019 12:10 am
Forum: Investing - Help with Personal Investments
Topic: CDs vs I Bonds - Five and Ten Year Horizons
Replies: 12
Views: 1089

Re: CDs vs I Bonds - Five and Ten Year Horizons

OP if you are going to split and compare annual results be careful, Ibonds give you each month the interest minus 3 mo penalty for the first 5 years, once you have them for 5 years the 3 mo accumulated missed interest will appear suddenly. In other words, they deffer a part of interest till you are ...
by BogleMelon
Wed Jan 02, 2019 7:17 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Returns Extremely Disappointed
Replies: 44
Views: 5049

Re: Vanguard Returns Extremely Disappointed

I think the fundamental problem here is a behavoioral. I could be wrong, but you seem like you are trying to chase the winners. By chasing the winners you guarantee yourself lousy returns forever as you sell low and buy high every time you make a new decisions. Better approach is to buy a life strat...
by BogleMelon
Wed Jan 02, 2019 3:11 pm
Forum: Personal Consumer Issues
Topic: Need An Online Phone Number
Replies: 19
Views: 874

Re: Need An Online Phone Number

My understanding is, google voice will stop working as soon as you replace your sim card with a non-US sim card! Am I correct? Anyone with a data point?
by BogleMelon
Wed Jan 02, 2019 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: Help Me to Understand Bonds Please.
Replies: 19
Views: 1471

Re: Help Me to Understand Bonds Please.

Hello. New investor here. I just got into investing late last summer. Over the last few months of last year, I invested about $15k in some stocks, and more ETFs, which is down to about $12k as of today. Obviously I need to do something different. I realize that I got in at the wrong time, but still...
by BogleMelon
Wed Jan 02, 2019 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: VTI ITOT or SCHB ETF?
Replies: 12
Views: 571

Re: VTI ITOT or SCHB ETF?

The price of an indexed ETF is irrelevant from a broker to another. What is relevant mostly is that 1- what this ETF invest at 2- fees If you paid $127 to own 1 share of VTI, you own $127 worth of the underlying stocks which is the US market. if you paid $120 to own 2 shares of SCHB, you owned $120...
by BogleMelon
Wed Jan 02, 2019 1:01 pm
Forum: Personal Consumer Issues
Topic: First (consumer!) purchase of 2019 and purchase recordkeeping
Replies: 32
Views: 2203

Re: First (consumer!) purchase of 2019 and purchase recordkeeping

dodecahedron wrote:
Wed Jan 02, 2019 10:53 am

Anyway, I wondered if any Bogleheads have done purchase recording and what system worked for them.
YNAB 4 (classic) requires you to log manually every single transaction and categorize it. No importing. I start using it in Jul 2015 and still religiously using it.
by BogleMelon
Wed Jan 02, 2019 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: VTI ITOT or SCHB ETF?
Replies: 12
Views: 571

Re: VTI ITOT or SCHB ETF?

The price of an indexed ETF is irrelevant from a broker to another. What is relevant mostly is that 1- what this ETF invest at 2- fees If you paid $127 to own 1 share of VTI, you own $127 worth of the underlying stocks which is the US market. if you paid $120 to own 2 shares of SCHB, you owned $120 ...
by BogleMelon
Wed Jan 02, 2019 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to online banking (Ally)
Replies: 35
Views: 1836

Re: Moving to online banking (Ally)

I have BoA and keep it because from time to time I could need cash deposit or notary service, but I moved long time ago to Ally saving + Schwab checking. Only a week ago I moved my main checking to Ally and couldn't be happier! Nothing wrong with Schwab, but the inconvenience is worth it. Ally Savin...
by BogleMelon
Tue Jan 01, 2019 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Withdrawing Roth for Down Payment
Replies: 14
Views: 960

Re: Withdrawing Roth for Down Payment

I would do it from the taxable account. Once you lose the Roth ira spot for the previous years of contribution, you can't get it back. Congrats and good luck!
by BogleMelon
Tue Jan 01, 2019 12:25 am
Forum: Investing - Theory, News & General
Topic: Will you contribute the max to your IRA and then invest it all in equities for the first market day of the new year?
Replies: 159
Views: 7751

Re: Will you contribute the max to your IRA and then invest it all in equities for the first market day of the new year?

We are in the process of updating year-end retirement calculations. During this time, you will not be able to contribute to new or existing retirement accounts online, but you can perform any other functions on our site. Please return to our site at a later time to complete your transaction. We apo...
by BogleMelon
Mon Dec 31, 2018 10:45 am
Forum: Investing - Help with Personal Investments
Topic: What is the expected real return of S&P 500 for the next 30 years?
Replies: 51
Views: 4347

Re: What is the expected real return of S&P 500 for the next 30 years?

S&P 500's long-term real return is 7%, however for the past 19 years (since 2000) it's just 3%, despite the long bull market and low inflation. This got me thinking that if I had a lump sum to invest and I expected to retire in 30 years, my real return might be much lower than the long-term average...
by BogleMelon
Sun Dec 30, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Long term disability - any real world examples of collecting benefits?
Replies: 21
Views: 1350

Re: Long term disability - any real world examples of collecting benefits?

I am also interested in purchasing this insurance. Anyone has recommendations on what are some of the insurance providers and the type of insurance features to look for when selecting long term disability coverage. I recently reached out to my life insurance agent who sold me term life few years ba...
by BogleMelon
Sat Dec 29, 2018 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Long term disability - any real world examples of collecting benefits?
Replies: 21
Views: 1350

Re: Long term disability - any real world examples of collecting benefits?

I don't have a real world example. But I am an accountant, I can't work without a computer, I enrolled in a private LTD plan because I fear: - Blindness (a simple disease like diabetes could lead to that in some cases!) - Severe carpal tunnel Of course there are tons of other diseases that could cau...
by BogleMelon
Sat Dec 29, 2018 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: Best place to park funds needed in one year
Replies: 13
Views: 1260

Re: Best place to park funds needed in one year

I'd go with an Ally Bank 1 year CD at 2.75%. If less than a year, then the Vanguard MM fund VMFXX would work well but not FDIC insured as mentioned above. Why not Prime money market fund VMMXX? For some reason Vanguard won't let me chose VMMXX as my settlement account. It may be I do not have enoug...
by BogleMelon
Sat Dec 29, 2018 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: Best place to park funds needed in one year
Replies: 13
Views: 1260

Re: Best place to park funds needed in one year

radiowave wrote:
Sat Dec 29, 2018 12:39 pm
I'd go with an Ally Bank 1 year CD at 2.75%. If less than a year, then the Vanguard MM fund VMFXX would work well but not FDIC insured as mentioned above.
Why not Prime money market fund VMMXX?
by BogleMelon
Sat Dec 29, 2018 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: What is the best return and reliability on a checking account right now?
Replies: 23
Views: 1496

Re: What is the best return and reliability on a checking account right now?

I don't think it makes sense to expect return from a checking account. I would look for a bank, online or otherwise, that has a high-interest savings account and the ability to transfer funds between savings and checking quickly and easily. In all the bank accounts I've used in the last decade or s...
by BogleMelon
Fri Dec 28, 2018 11:51 pm
Forum: Investing - Help with Personal Investments
Topic: What is the best return and reliability on a checking account right now?
Replies: 23
Views: 1496

Re: What is the best return and reliability on a checking account right now?

I don't think it makes sense to expect return from a checking account. I would look for a bank, online or otherwise, that has a high-interest savings account and the ability to transfer funds between savings and checking quickly and easily. In all the bank accounts I've used in the last decade or s...
by BogleMelon
Fri Dec 28, 2018 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Ally No Penalty CDs and Taxes
Replies: 11
Views: 1243

Re: Ally No Penalty CDs and Taxes

My understanding is that it is just one 1099-INT form with all the interest gained during the year
by BogleMelon
Thu Dec 27, 2018 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: max out Roth IRA as retirement approaches?
Replies: 5
Views: 651

Re: max out Roth IRA as retirement approaches?

Why not? Why exactly is your hesitation? Not sure how getting close to retirement has anything to do with putting money in an account that grow tax free if you can afford to.
by BogleMelon
Thu Dec 27, 2018 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Will I be renting forever?
Replies: 44
Views: 3134

Re: Will I be renting forever?

I agree with others on renting is not throwing away money "completely". Owning is not saving money "completely" as well. We ourselves are renters, and may probably stay like that forever. Renting money is not all wasted. With rent: - Comes free maintenance that you would pay for if you own. - Proper...
by BogleMelon
Thu Dec 27, 2018 10:26 pm
Forum: Investing - Theory, News & General
Topic: What was your best investment in 2018?
Replies: 127
Views: 7246

Re: What was your best investment in 2018?

$1860 (late 2017 and 2018) was spent for me and my wife to become US citizens and get our US passports. Best money spent ever! :sharebeer BogleMelon, my wife is a foreign national too. Can you expound on why you view US citizenship as a good investment? We are on the same road. I suppose it depends...
by BogleMelon
Thu Dec 27, 2018 8:57 am
Forum: Personal Consumer Issues
Topic: What common everyday inconvenience have you intentionally suffered for frugality?
Replies: 152
Views: 9318

Re: What common everyday inconvenience have you intentionally suffered for frugality?

I rent a small apartment instead of buying/renting a nice single house. I am sometimes inconvenienced by my neighbors, specially when they become active in the midnight and stomp over my head!
by BogleMelon
Wed Dec 26, 2018 11:00 pm
Forum: Investing - Help with Personal Investments
Topic: This is why you should not time the market
Replies: 38
Views: 5931

Re: This is why you should not time the market

A serious question, theoretically, do people who hold funds that rebalance daily (AKA TD funds or LS funds) was better off these 2 days than the rest of us who didn't rebalance at 12/24 because the drop didn't hit their rebalancing band?
by BogleMelon
Wed Dec 26, 2018 10:58 pm
Forum: Investing - Help with Personal Investments
Topic: This is why you should not time the market
Replies: 38
Views: 5931

Re: This is why you should not time the market

Today is proof of why you need a time machine so you know exactly which days the market will go up, which it will go down and then you can trade accordingly. Great scott! If I have a time machine, I wouldn't invest at all, I would simply buy the mega million winning lottery ticket and call it a day...
by BogleMelon
Wed Dec 26, 2018 12:51 pm
Forum: Investing - Theory, News & General
Topic: Why call them "losses" when you still own the shares?
Replies: 103
Views: 4893

Re: Why call them "losses" when you still own the shares?

I didn't see anyone here mentioned the opportunity cost: Had you bought the same shares after they dropped, you would pay less money (or more shares given same amount of money), but you bought those shares high, and you can't do anything now about it. Opportunity cost is a real cost and losing an op...
by BogleMelon
Mon Dec 24, 2018 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Where is the 1 month Treasury bills?
Replies: 3
Views: 372

Re: Where is the 1 month Treasury bills?

How I can buy these bills with brokerage accounts? You have it right, just your timing is off. Download the US Treasury auction schedule from here: https://www.treasury.gov/resource-center/data-chart-center/quarterly-refunding/Documents/auctions.pdf There was no 4 week auction today. You can partic...
by BogleMelon
Mon Dec 24, 2018 10:08 am
Forum: Investing - Help with Personal Investments
Topic: Where is the 1 month Treasury bills?
Replies: 3
Views: 372

Where is the 1 month Treasury bills?

Trying to buy some T-bills for the first through my brokerage. My understanding is that there was an auction this morning, but when I go to my Vanguard brokerage account, the page that has the auctioned t-bills only showing the Buy button beside the 5 and 7 years notes. I went to Schwab, and almost ...
by BogleMelon
Sun Dec 23, 2018 9:43 pm
Forum: Investing - Theory, News & General
Topic: What was your best investment in 2018?
Replies: 127
Views: 7246

Re: What was your best investment in 2018?

$1860 (late 2017 and 2018) was spent for me and my wife to become US citizens and get our US passports. Best money spent ever! :sharebeer
by BogleMelon
Sun Dec 23, 2018 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Are some insurance polcies philosophically similar to gambling?
Replies: 57
Views: 2893

Re: Are some insurance polcies philosophically similar to gambling?

When you gamble, you are excited to get paid back, when you pay for insurance, you wish you never get paid back. This is a fundamental difference.
by BogleMelon
Sat Dec 22, 2018 8:53 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10165
Views: 1790176

Re: U.S. stocks in free fall

I am starting to realize I may be tempted not to ‘stay the course’ if the markets continue to slide significantly...so far it’s been easy, as it’s not significant, but say if S&P 500 is down 30% from its all-time high I may be tempted to change my AA. I’m about 9 years from retirement and at around...
by BogleMelon
Sat Dec 22, 2018 8:08 am
Forum: Personal Finance (Not Investing)
Topic: How market timing will go wrong?
Replies: 62
Views: 3895

Re: How market timing will go wrong?

Since the market is going down and there is talk of entering bear market: This is how it goes wrong. You assumed it will go down for sure. Sorry to disappoint you but your chance to be correct on that assumptions is equally the same as your chance to be wrong. The market could go up tomorrow and ne...
by BogleMelon
Fri Dec 21, 2018 9:04 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10165
Views: 1790176

Re: U.S. stocks in free fall

Just to put things in perspective, the current draw down is not even close to being the worst we have seen since March 2009. https://www.advisorperspectives.com/images/content_image/data/5d/5df8589b240a97b4745290d8fb3d6cfa.png The big difference this time (since March 2009) is that the fed is tight...
by BogleMelon
Thu Dec 20, 2018 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: Buying vs renting - can I afford either?
Replies: 30
Views: 2263

Re: Buying vs renting - can I afford either?

NJ has affordable housing based on income. No it is not section 8, it is different program with nicer apartments that are rented to people who pay full rent. You may find looking at these useful: http://www.piazza-and-associates.com/af ... purtunites
by BogleMelon
Thu Dec 20, 2018 11:30 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio critique
Replies: 2
Views: 227

Re: Portfolio critique

Not that it is wrong, but a bit complicated. Total index fund has the holdings of these 3 funds exactly and much simpler, unless you have only one sector available in your 401K and want to complement in your IRA using the other 2 market sectors
by BogleMelon
Wed Dec 19, 2018 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Ally No Penalty 11 month CD rate increase - bonus participants notice
Replies: 7
Views: 1169

Re: Ally No Penalty 11 month CD rate increase - bonus participants notice

Given that it is FDIC insured, I think this is a better deal than MM funds such as Vanguard Prime money market fund VMMXX that yields around 2.36%.
Both (No penalty CD and VMMXX) requires a hold of few days till you can claim the funds back, so they are almost equal in that prospect.
by BogleMelon
Wed Dec 19, 2018 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 186
Views: 20774

Re: Fidelity as a one stop shop

OP here, now I am curious, how to compare Schwab Vs Fidelity as a on stop shop (Pros and cons of each?). I have a checking account already at Schwab but I like more how intuitive Fido interface is.