Search found 100 matches

by Psyayeayeduck
Wed Sep 19, 2018 8:05 am
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 252
Views: 17770

Re: What is your single most expensive mistake?

Sandtrap wrote:
Tue Sep 18, 2018 6:20 pm
+ Married the wrong person $$$$$:oops:
- Married an excellent person and stayed married. :D :D :D :D
Uh....I think you mixed your pluses and minuses unless this is a freudian slip :twisted:
by Psyayeayeduck
Thu Sep 06, 2018 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: How to Retire in Your 30's with $1 Million in the Bank
Replies: 148
Views: 18171

Re: How to Retire in Your 30's with $1 Million in the Bank

The comments in this thread is a very nice reminder to keep personal financials to oneself. Thank you, Bogleheads.
by Psyayeayeduck
Tue Aug 28, 2018 6:01 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 286
Views: 27876

Re: U.S. stocks continue to soar!

And thanks for confirming my move to re-balance my allocation to take in more bonds a week ago. Everything is rosy and pretty...until it isn't.
by Psyayeayeduck
Tue Jul 17, 2018 6:27 am
Forum: Personal Consumer Issues
Topic: Amazon Prime Day 2018
Replies: 88
Views: 10416

Re: Amazon Prime Day 2018

I just want to remind everyone that just because something is on "sale" doesn't mean you are obligated to buy if you never needed it in the first place. Carry on.
by Psyayeayeduck
Thu Jul 12, 2018 8:57 am
Forum: Investing - Help with Personal Investments
Topic: Eesh! 100% Company Stock - Help me with my 401k!
Replies: 20
Views: 1536

Re: Eesh! 100% Company Stock - Help me with my 401k!

I recently have discovered this site and have realized I have made a huge mistake: my entire 401k is currently in company stock! (eesh!) I'm trying to decide which funds to pick for my 401(k). I have been reading like crazy over the past two weeks and have just ordered the Bogleheads books online. ...
by Psyayeayeduck
Wed Jul 11, 2018 6:35 am
Forum: Investing - Help with Personal Investments
Topic: 401(k) Asset Allocation for 23 Year Old
Replies: 10
Views: 644

Re: 401(k) Asset Allocation for 23 Year Old

For someone that young with no knowledge in investing the Target Dated Fund would be great for her. Maybe in the future if she want to learn about investing she could change. But the Target Dated Fund makes investing so easy for someone just starting out. No decision on funds or percent of funds sh...
by Psyayeayeduck
Thu Jun 28, 2018 12:24 pm
Forum: Investing - Theory, News & General
Topic: Keep calm and Boglehead on!
Replies: 60
Views: 5931

Re: Keep calm and Boglehead on!

I'm convinced that I'm was an old sea captain searching for the white whale in my previous life since I run towards the chaos when markets take a tumble and buy as much as I can afford to. Arg, me mateys!!! :beer
by Psyayeayeduck
Wed Jun 27, 2018 9:44 am
Forum: Investing - Theory, News & General
Topic: Opinion: Betterment Thinks We're Stupid
Replies: 17
Views: 3721

Re: Opinion: Betterment Thinks We're Stupid

It's pretty. I'll give them that. The problem is that with no numbers, I can't make a proper assessment. Again, details are key and, being the amateur weenie that I am, I see none. Will rope in your general U.S. citizen? I can see that happening. Will encourage more people to save? Maybe if they see...
by Psyayeayeduck
Mon Jun 25, 2018 12:21 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6846
Views: 1496990

Re: U.S. stocks in freefall

From the looks of it, we are around the late 2017/ early 2018 levels. Meh....
by Psyayeayeduck
Thu Jun 21, 2018 7:01 am
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 345
Views: 34856

Re: What is/ was your career and would you recommend it now?

Electrical Engineer, engineering management. Great field, great pay, opportunities aplenty. Very hard work (at least for me) to get a BSEE, but I have been employed continually for 31 years. Not as susceptible to economic variations as many careers. I would recommend it now. +1 As a fellow EE, we a...
by Psyayeayeduck
Wed Jun 20, 2018 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 504
Views: 111364

Re: Anyone regret paying off mortgage early?

international001 wrote:
Sun Jun 10, 2018 3:07 pm
To those of you who claim peace of mind.. be aware of the Confirmatory bias

If you paid off a 30 yrs mortgage in 15 years... perhaps you could have asked for a lower rate!
That's like saying you could have gotten the A+ but you settled for a B+/A-.
by Psyayeayeduck
Wed Jun 20, 2018 8:02 am
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 14528

Re: Oh my! Cardone says we need $10m net worth

Who? For a majority of people, $1M to $4M is perfectly reasonable range. Just make sure that the money you received from your withdraw rate is higher than your expenses, the principal money can be recovered again over time through investments/distributions/whatever other methods you choose, and you...
by Psyayeayeduck
Wed Jun 20, 2018 7:39 am
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 14528

Re: Oh my! Cardone says we need $10m net worth

Who? For a majority of people, $1M to $4M is perfectly reasonable range. Just make sure that the money you received from your withdraw rate is higher than your expenses, the principal money can be recovered again over time through investments/distributions/whatever other methods you choose, and you...
by Psyayeayeduck
Wed Jun 20, 2018 7:20 am
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 14528

Re: Oh my! Cardone says we need $10m net worth

Who? For a majority of people, $1M to $4M is perfectly reasonable range. Just make sure that the money you received from your withdraw rate is higher than your expenses, the principal money can be recovered again over time through investments/distributions/whatever other methods you choose, and your...
by Psyayeayeduck
Wed Jun 13, 2018 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement
Replies: 74
Views: 7479

Re: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement

As one of the oldest millennials out there (born in 1981 according to the Pew Research Center and known member of the Oregon Trail Generation), there are so many combinations of factors out there that it is hard to quantify the reasoning behind the Forbes article. From a strictly financial point of ...
by Psyayeayeduck
Tue May 08, 2018 5:26 am
Forum: Investing - Theory, News & General
Topic: Why do so many Americans not own stocks?
Replies: 44
Views: 3934

Re: Why do so many Americans not own stocks?

From the top of my head: 1) Income has not kept up with expenses. Less money goes into savings because the same items you had before are now cost more for the same or lesser level of quality/quantity. 2) It is expensive being poor. It only takes one missed bill or of the like to get slap with anothe...
by Psyayeayeduck
Mon May 07, 2018 5:49 am
Forum: Personal Finance (Not Investing)
Topic: What career for smartest kid in the class?
Replies: 132
Views: 9213

Re: What career for smartest kid in the class?

I don't know if I would use the word "smartest" in this context because someone who is book smart could be a street idiot (and vice versa). I see a few problems with this question because (1) you are dictating what your kid should be versus what the kid wants to be, (2) being the smartest kid in a p...
by Psyayeayeduck
Wed May 02, 2018 8:12 am
Forum: Investing - Help with Personal Investments
Topic: At what point should you hire a financial advisor?
Replies: 25
Views: 2624

Re: At what point should you hire a financial advisor?

Jack FFR1846 wrote:
Tue May 01, 2018 6:06 pm
The enemy of a good plan is the desire of a perfect plan.

Put it into a 3 fund and forget your password. It works for $12,000, for $12Million or for $12Billion.
+1

Don't make it complicated. OP won. The hard part is done. Time to reap your rewards.
by Psyayeayeduck
Mon Apr 30, 2018 1:30 pm
Forum: Personal Consumer Issues
Topic: Avocado Timing
Replies: 40
Views: 3232

Re: Avocado Timing

Here's a rule of thumb to determine if an avocado is perfectly ripe. Open a hand and feel the fleshy mound between your thumb and wrist and press it using a finger from your other hand. Notice the softness. If an avocado is about the same level of softness as the fleshy mound of your, it is perfect ...
by Psyayeayeduck
Mon Apr 30, 2018 7:08 am
Forum: Investing - Help with Personal Investments
Topic: At a crossroads. Does my plan make sense?
Replies: 29
Views: 2933

Re: At a crossroads. Does my plan make sense?

Dude, you've got almost 7 million bucks. Quit your job, do whatever you want. Seriously how is this even a question?!!? Some people are scared even if the math tells them everything will be fine. A lot of people are scared of making that first jump into a non-working world from decades of being in ...
by Psyayeayeduck
Thu Apr 26, 2018 6:50 am
Forum: Personal Consumer Issues
Topic: How did you tell the boss you're leaving/retiring?
Replies: 129
Views: 10483

Re: How did you tell the boss you're leaving/retiring?

Assuming that I'm retiring from my career, I would give notice to my boss as a courtesy if the relationship is average-to-good. The standard is 2 weeks but if I was in a position where people were dependent on me or then I would consider a longer notice. If the relationship is poor, then I won't car...
by Psyayeayeduck
Wed Apr 18, 2018 8:18 am
Forum: Investing - Help with Personal Investments
Topic: Why am I even holding BND? It has only been losing me money.
Replies: 62
Views: 9742

Re: Why am I even holding BND? It has only been losing me money.

When you lack defense (bonds), you are exposing yourself to every little blip, feeling, and (ir)rational thought that moves the markets. If you can stomach the day-to-day jumps (good or bad), go nuts. If not, don't go 100% on anything. On good bull runs, your question becomes the norm. On bear runs,...
by Psyayeayeduck
Mon Apr 16, 2018 11:40 am
Forum: Personal Consumer Issues
Topic: Costco gas
Replies: 67
Views: 6578

Re: Costco gas

No. Lines are too long, and the "savings" translate to, maybe, a couple of dollars, at most. My time is much more valuable.
by Psyayeayeduck
Fri Apr 13, 2018 12:09 pm
Forum: Personal Consumer Issues
Topic: How Far is too Far, Commuting?
Replies: 211
Views: 14235

Re: Work Commute: How far is too far?

The worst job I had post-college had a commute time of 1.5-2 hrs in DC traffic going from MD to VA. After that job, I vowed never to do that again regardless of pay. No job is worth my time which I can never get back. After that, I only will accept jobs with a 30 minute commute or less. Luckily I fo...
by Psyayeayeduck
Wed Apr 11, 2018 7:41 am
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund Investing
Replies: 24
Views: 2226

Re: Emergency Fund Investing

I actually have a tier system when it comes to my emergency fund. The more severe the emergency, the higher tier I'm willing to go to "cash out". I'll give you an example: - (Tier 1) Checking account with about a month's worth of expenses as a buffer over my normal spending habits - (Tier 2) Savings...
by Psyayeayeduck
Thu Mar 29, 2018 7:04 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1326
Views: 109663

Re: To take or not to take delivery of Tesla 3

All the news about Tesla and the questionable parts in quality made me appreciate my Prius. While not as fancy as some of the other cars out there, it made me realize how grateful I am how well she has treated me over the years. I have to say I love my Prius and the fact that it is bullet proof. I ...
by Psyayeayeduck
Wed Mar 28, 2018 9:05 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1326
Views: 109663

Re: To take or not to take delivery of Tesla 3

All the news about Tesla and the questionable parts in quality made me appreciate my Prius. While not as fancy as some of the other cars out there, it made me realize how grateful I am how well she has treated me over the years.
by Psyayeayeduck
Thu Mar 22, 2018 8:09 am
Forum: Investing - Theory, News & General
Topic: Do you Continue to invest even in down market??
Replies: 54
Views: 6979

Re: Do you Continue to invest even in down market??

For my main investments, I have a "stay the course" method for my HSA, 401k, and Roth IRA and hit their maximum limits. This gives me solid foundation that if things fall to the wayside, I have a financial safety net to catch me. For my secondary investments where I'm using extra money to make more ...
by Psyayeayeduck
Mon Mar 19, 2018 5:12 am
Forum: Personal Consumer Issues
Topic: Tires on a 15 year old car....Replace or not?
Replies: 79
Views: 6104

Re: Tires on a 15 year old car....Replace or not?

Never skimp on anything that is between you and the ground. This includes, but not limited to, beds, shoes, and tires. Does that include caskets? At that point, I wouldn't care. Donate my body to science and whatever is left over is free reign. Now that I think about it, I wouldn't be opposed to a ...
by Psyayeayeduck
Thu Mar 15, 2018 8:35 am
Forum: Personal Consumer Issues
Topic: Tires on a 15 year old car....Replace or not?
Replies: 79
Views: 6104

Re: Tires on a 15 year old car....Replace or not?

Never skimp on anything that is between you and the ground. This includes, but not limited to, beds, shoes, and tires.
by Psyayeayeduck
Mon Feb 26, 2018 1:35 pm
Forum: Personal Consumer Issues
Topic: How Far is too Far, Commuting?
Replies: 211
Views: 14235

Re: How Far is too Far, Commuting?

If I looked at all jobs I had post-college, the worst one I had was 2+ hours one way in Washington DC traffic. That lasted, at most, 1 month. It wasn't worth it at all even with the bump in pay. My current job is 5 minutes away with two traffic lights and one of those traffic lights is from a school...
by Psyayeayeduck
Wed Feb 07, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Am I saving too much for retirement?
Replies: 105
Views: 14274

Re: Am I saving too much for retirment?

https://farm5.staticflickr.com/4734/39408665641_95e7a57516_o.jpg https://www.fidelity.com/viewpoints/retirement/how-much-money-do-i-need-to-retire Maybe you can answer this because I can't get a clear answer to this for a while now. When they say salary, does that mean my starting salary at the beg...
by Psyayeayeduck
Tue Feb 06, 2018 7:21 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6846
Views: 1496990

Re: U.S. stocks in freefall

I think these drops is a great example of "Put up or shut up" when it comes to investing. Coming off a year of 20% return, I think a lot of people were on a sugar high expecting the unusually high returns of 2017 to continue into 2018. Looking at futures and how the international stocks are doing, i...
by Psyayeayeduck
Thu Jan 18, 2018 7:01 am
Forum: Personal Consumer Issues
Topic: Short Commute or Nicer House?
Replies: 142
Views: 9296

Re: Short Commute or Nicer House?

If I had those two choices? Easily the first choice, no question. Time is a precious, rare commodity that shouldn't be wasted on a commute with variable timescale.
by Psyayeayeduck
Wed Jan 17, 2018 7:49 am
Forum: Investing - Help with Personal Investments
Topic: 23 Years Old, Uncomfortable with Target Date Funds
Replies: 19
Views: 2463

Re: 23 Years Old, Uncomfortable with Target Date Funds

My answers to your questions: 1. Perfectly fine. As long you weigh the pros/cons of each, I don't see much of an issue. The reasons you listed are valid. Pensions are a rarity in today's market. Relying on them seems foreign to me being a mid-30 yr old and unreliable. 2. Target Date Funds are good f...
by Psyayeayeduck
Tue Jan 16, 2018 3:59 pm
Forum: Investing - Theory, News & General
Topic: What's your one big takeaway from the Crash of 2008?
Replies: 379
Views: 64926

Re: What's your one big takeaway from the Crash of 2008?

Emotions are your enemy in a time of panic.
by Psyayeayeduck
Tue Jan 09, 2018 9:55 am
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 363
Views: 43598

Re: Year 2000 retirees using the '4% rule' - Where are they now?

To me, the issue now, for those of us approaching retirement is the prospect of lower-than-historic returns...at least for the immediate horizon. I know that none of us can predict, but the fact that Jack Bogle has cited this possibility has me running all of my calculators on a much-lower expectat...
by Psyayeayeduck
Tue Jan 02, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: College scholarships: How much should I pencil in for my future students?
Replies: 54
Views: 2958

Re: College scholarships: How much should I pencil in for my future students?

One should never expect anything from anyone especially scholarships. Everyone thinks their Little Johnny is special that deserves the full ride which is laughable. Its highly competitive at the top with very little chance of return. So the next best thing that one can do to relieve the financial bu...
by Psyayeayeduck
Fri Dec 22, 2017 8:36 am
Forum: Personal Finance (Not Investing)
Topic: flex account $500 carryover question
Replies: 9
Views: 437

Re: flex account $500 carryover question

From what You are only able to transfer $500 to the next year per year and that is it. Doesn't matter where the other amounts came from in any year. I'm asking because twice I was told by customer service reps that the $500 would essentially carry forward forever, but yesterday (of course, nearly th...
by Psyayeayeduck
Fri Dec 22, 2017 8:19 am
Forum: Personal Finance (Not Investing)
Topic: flex account $500 carryover question
Replies: 9
Views: 437

Re: flex account $500 carryover question

You are only able to transfer $500 to the rolling next year per year and that is it. Doesn't matter where the other amounts came from in any year.


*Edit: Corrected
by Psyayeayeduck
Thu Dec 21, 2017 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Son purchasing one parent's share of house
Replies: 11
Views: 1300

Re: Son purchasing one parent's share of house

barnaclebob wrote:
Wed Dec 20, 2017 2:20 pm
Seems like a bad deal for the son. Its best that parents and children do not let their finances become intertwined.
God, I can't stress this enough. +1 (times infinity)
by Psyayeayeduck
Mon Dec 18, 2017 4:07 pm
Forum: Personal Consumer Issues
Topic: Spending on myself, am I off base here?
Replies: 104
Views: 6610

Re: Spending on myself, am I off base here?

It's not that easy though. If your spouse never spends on themself, it's unlikely they'll feel the need for a "discretionary" account that is very big. So ever though this is a seemingly straightforward solution, it's still something that might cause disagreement. I don't see how this is hard at al...
by Psyayeayeduck
Mon Dec 18, 2017 2:48 pm
Forum: Personal Consumer Issues
Topic: Spending on myself, am I off base here?
Replies: 104
Views: 6610

Re: Spending on myself, am I off base here?

It's not that easy though. If your spouse never spends on themself, it's unlikely they'll feel the need for a "discretionary" account that is very big. So ever though this is a seemingly straightforward solution, it's still something that might cause disagreement. I don't see how this is hard at al...
by Psyayeayeduck
Mon Dec 18, 2017 11:06 am
Forum: Personal Consumer Issues
Topic: Spending on myself, am I off base here?
Replies: 104
Views: 6610

Re: Spending on myself, am I off base here?

I've always been in the camp of "as long as the important things are taken care of, go reasonably nuts!". Replace pinball with any other luxury. Vacation, a car, brand clothing, hobbies, etc. It doesn't really matter what. Does it bring happiness? Does it break the bank? Does it impair you financial...
by Psyayeayeduck
Thu Dec 07, 2017 8:56 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 214
Views: 29133

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

fatlever wrote:
Thu Dec 07, 2017 8:29 am
Bitcoin has been fueled by speculation but what if it results in an economic black swan event?


You are calling it a black swan when we are smack in the middle of it not knowing if it is a black swan event or a bear's den. Seems like a foolish conclusion with limited data.
by Psyayeayeduck
Thu Dec 07, 2017 6:39 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 214
Views: 29133

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

Bitcoin went to over 14,000 overnight. Does this mean more people are throwing money into bitcoin or it is more valuable for some other reason. I know this is a stupid question, but I want to understand. Bitcoin feels like dot.com stocks to me, with people jumping on the momentum. But I don’t know ...
by Psyayeayeduck
Wed Dec 06, 2017 8:19 am
Forum: Investing - Help with Personal Investments
Topic: Didn't buy Bitcoin at $4600
Replies: 138
Views: 13453

Re: Didn't buy Bitcoin at $4600

More power to the people who want to play the Bitcoin game but it sounds more like a stressful mind game disguised as an investment. I don't understand it nor do I know what it tangibly produces. Everything feels like a giant Mexican standoff between buyers and sellers waiting for the other to make ...
by Psyayeayeduck
Fri Nov 10, 2017 5:59 am
Forum: Personal Finance (Not Investing)
Topic: PayPal alternative?
Replies: 47
Views: 3172

Re: PayPal alternative?

I've done Google Wallet with zero hiccups for years.
by Psyayeayeduck
Tue Nov 07, 2017 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Disposable income... how?
Replies: 106
Views: 11929

Re: Disposable income... how?

My favorite commercial serves as a reminder of comparing oneself to others financially: https://www.youtube.com/watch?v=r0HX4a5P8eE
by Psyayeayeduck
Mon Oct 30, 2017 6:53 am
Forum: Local Chapters and Bogleheads Community
Topic: To Avatar or Not - Get One? How did you choose?
Replies: 137
Views: 10283

Re: To Avatar or not to Avatar . . how did you choose or not choose?

It's a popular Pokemon that I grown to love and identify as my spirit animal over the years (another is Wobbuffet) -- lovable, well-traveled, and too dimwitted for its own good.