Search found 36 matches

by chrisam314
Thu Nov 14, 2019 6:40 pm
Forum: Personal Investments
Topic: How to combine finances with your spouse? Recently married/early30s
Replies: 72
Views: 4985

Re: How to combine finances with your spouse? Recently married/early30s

Agree with the others. Now that you are married you have to get the concept of "my" money and "his" money/debt out of your head, it's just going to cause problems in the future. The concept of "her" money or "his" money exists for a reason. Do you have a retirement account? What name is it in? My w...
by chrisam314
Wed Nov 13, 2019 4:28 pm
Forum: Personal Consumer Issues
Topic: Undergrad major psychology
Replies: 9
Views: 696

Re: Undergrad major psychology

If they want to do clinical specifically, then sure. As others have pointed out it takes a substantial amount of education. Really need to commit. Anecdotally, 2 of my best friends from college majored in psychology because they didn't want to do the quantitative curriculum included in a business de...
by chrisam314
Mon Oct 28, 2019 11:16 am
Forum: Personal Consumer Issues
Topic: How much do you plan to spend on your children's weddings?
Replies: 182
Views: 8866

Re: How much do you plan to spend on your children's weddings?

I think you have a good plan and it sounds very reasonable for a family in your situation. Basically treat it as a gift, never know where life is going to take your kids. It sounds like they both have good heads on their shoulders. My wife and I got married recently. We both would have preferred to ...
by chrisam314
Wed Oct 09, 2019 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Finance or Accounting Degree?
Replies: 81
Views: 5750

Re: Finance or Accounting Degree?

Double major in both would be ideal and would offer the most flexibility at graduation. A) Investment banking B) Management consulting C) Corporate finance D) Public accounting (auditing or tax) E) Wealth management, financial sales, etc. Also, ability to obtain CPA, and/or CFA, and/or MBA. A lot of...
by chrisam314
Sat Sep 28, 2019 3:48 pm
Forum: Personal Consumer Issues
Topic: Deleted
Replies: 262
Views: 21593

Re: A 'really good book' you did NOT enjoy

The Catcher in the Rye
by chrisam314
Tue Sep 03, 2019 8:10 pm
Forum: Personal Consumer Issues
Topic: Best college towns in the Southeastern US for retirees?
Replies: 80
Views: 9005

Re: Best college towns in the Southeastern US for retirees?

If you are looking for a college town in the southeast: Athens, GA is beautiful, low cost of living, great restaurants and has a vibrant independent art and music scene. Golf nearby, botanical garden, UGA has a huge beautiful campus as well. Close to Atlanta for easy travel (almost) non-stop anywher...
by chrisam314
Sun Sep 01, 2019 11:39 am
Forum: Personal Investments
Topic: Avoid grandson poverty
Replies: 76
Views: 9684

Re: Avoid grandson poverty

Hand him a copy of Atlas Shrugged when he turns 18. No need for anything else.
by chrisam314
Thu Jul 18, 2019 11:01 pm
Forum: Personal Consumer Issues
Topic: Has anyone seen the documentary "Playing with FIRE?"
Replies: 216
Views: 20860

Re: Has anyone seen the documentary "Playing with FIRE?"

Health care is an expense just like everything else, it's just a very scary expense. You estimate it as part of your expenses and would need to include it in your FIRE number. The ACA at least guarantees that you can buy health insurance, so at least that is something that FIRE'ing people didn't us...
by chrisam314
Thu Jul 18, 2019 10:27 pm
Forum: Personal Investments
Topic: Ultimate permanent, balanced portfolio?
Replies: 12
Views: 1697

Re: Ultimate permanent, balanced portfolio?

I think TIPS are not needed at your ages. I disagree. The 10 year breakeven point of 10 year TIPS vs. Treasuries is only 1.79%. Why take an unnecessary gamble on inflation? A compelling case can be made for a 50/50 allocation to TIPS and nominal bonds. OP, like many here, I do not believe that you ...
by chrisam314
Thu Jul 18, 2019 9:01 pm
Forum: Personal Consumer Issues
Topic: Has anyone seen the documentary "Playing with FIRE?"
Replies: 216
Views: 20860

Re: Has anyone seen the documentary "Playing with FIRE?"

I think that this is all well and good to debate people's attitude toward early retirement and consumerism, but serious question. What do you do about healthcare when you retire at 30? 40? 50? Do you just not go to the doctor? Self pay everything? When you retire at 40, then your kid is diagnosed wi...
by chrisam314
Thu Jul 11, 2019 4:03 pm
Forum: Personal Consumer Issues
Topic: Avoid MD-88s [commercial aircraft]?
Replies: 61
Views: 3817

Re: Avoid MD-88s [commercial aircraft]?

If you think you know more than maintenance or the crew, they’ll kindly direct you to the exit and you can find an alternative way to your destination. I don't know more than they do - that's my point. I hope they know enough . They do. As others have pointed out this is irresponsible journalism.
by chrisam314
Wed Jul 03, 2019 5:39 pm
Forum: Personal Investments
Topic: So, I have a quarter of a million dollar CD coming due.
Replies: 27
Views: 4969

Re: So, I have a quarter of a million dollar CD coming due.

Do you own a paid off house? If you want to retire early this is important. Does it need a new roof/HVAC, etc. Can you spend capex to make improvements for energy efficiency thereby reducing your energy bill in perpetuity and get a tax deduction? Maybe a better use of the cash. Personally I would ge...
by chrisam314
Thu Jun 27, 2019 4:08 pm
Forum: Investing - Theory, News & General
Topic: A 100-Year Austrian Bond at 1.2%.
Replies: 11
Views: 1479

Re: A 100-Year Austrian Bond at 1.2%.

Both banks in the private sector and central banks buy things like this all the time.

https://www.wsj.com/articles/the-bond-t ... 1546603201

Interesting read if you have a wsj subsricption.
by chrisam314
Wed Jun 19, 2019 6:52 pm
Forum: Personal Consumer Issues
Topic: Best way to teach my 4 year old to be fluent in Spanish?
Replies: 53
Views: 3751

Re: Best way to teach my 4 year old to be fluent in Spanish?

There are people posting on this that clearly have no desire for themselves or their children to learn another language, which is fine, but its outside the scope of your original request which was: I am monolingual, and wish I knew a second language. I have a 4 year old, and would like to have her l...
by chrisam314
Wed Mar 13, 2019 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on where to park house down payment money
Replies: 21
Views: 1748

Re: Need advice on where to park house down payment money

My wife and I are in a similar situation - we are expats currently with plans to return to the US in 2.5 years and buy a house. We used capital one banking before, so we have been opening up online CD's with them every month - one year CD's are paying about 2.7% now. Pretty painless process and ever...
by chrisam314
Thu Mar 07, 2019 5:03 pm
Forum: Personal Consumer Issues
Topic: Island Vacation with Shade on the Beach?
Replies: 40
Views: 4443

Re: Island Vacation with Shade on the Beach?

While it isn't an island - Tulum is very nice. Easy /cheap flight from US and about a 1.5 hour drive. Jungle meets beach. Lots of shade/mexican hospitality/good food. Enjoy.
by chrisam314
Fri Mar 01, 2019 4:51 pm
Forum: Personal Consumer Issues
Topic: Talk me in/out of $35k Tesla Model 3
Replies: 286
Views: 22353

Re: Talk me in/out of $35k Tesla Model 3

There have been articles recently about people waiting for months and having to spend a ton of money on simple fender benders.

Here's an example:
https://www.wsj.com/articles/tesla-is-c ... 1549810800
by chrisam314
Tue Jan 08, 2019 10:51 am
Forum: Personal Investments
Topic: Fiancée Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals
Replies: 136
Views: 11282

Re: Fiancée Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals

Have the wedding you want. People on this website will only tell you to spend less. It's anonymous and they don't know your family dynamics. Our wedding probably cost that much, more when you factor in hotel rooms for guests, travel, etc. One thing did not expect was the amount of gifts (especially ...
by chrisam314
Sun Oct 15, 2017 9:23 pm
Forum: Personal Consumer Issues
Topic: anyone else not liking the new cars?
Replies: 158
Views: 20729

Re: anyone else not liking the new cars?

Would love to see the opinions of the Toyota/Lexus grille based on age group and car enthusiast. My take is that the younger crowd will like the grille. I really like the look of the new Camry as I think they mad is sportier looking upfront. I'll jump in with 2 more opinions on some comments in thi...
by chrisam314
Thu May 04, 2017 6:26 pm
Forum: Personal Consumer Issues
Topic: Vacation ideas in the US south - Christmas 2017 - Galveston, St Augustine? Others?
Replies: 26
Views: 2498

Re: Vacation ideas in the US south - Christmas 2017 - Galveston, St Augustine? Others?

Dundee, If you are looking for a warm/hot December beach destination in the carribean: Turks and Caicos. If you want to stay in the US there are a few options: 1) Florida's southern gulf coast. From Fort Myers down to Naples. Fly into RSW. I preferred Naples. It is a very popular with folks from the...
by chrisam314
Mon May 01, 2017 10:30 pm
Forum: Personal Consumer Issues
Topic: Car maintenance for older cars - where do you go ?
Replies: 52
Views: 5450

Re: Car maintenance for older cars - where do you go ?

OP, I drive a 2004 Highlander. Another plus of doing maintenance at the Toyota dealer is the database at https://www.toyota.com/owners/. When I got my car I knew I would be moving often for career/school and wanted to make sure wherever I took my car could specifically see all of the work that had b...
by chrisam314
Tue Apr 11, 2017 11:06 pm
Forum: Personal Consumer Issues
Topic: Honda Pilot good 1st vehicle for teen?
Replies: 46
Views: 4868

Re: Honda Pilot good 1st vehicle for teen?

I vote 2. A couple things: the reckless driving has nothing to do with the car(for the most part, I will concede sports cars are not a good influence) and everything to do with the driver. In HS I was a boring driver, still am. My cousin has totaled 2 cars. Knowing him his whole life I am not surpri...
by chrisam314
Mon Mar 27, 2017 8:24 pm
Forum: Personal Consumer Issues
Topic: Does living at the beach reduce it's appeal?
Replies: 43
Views: 8597

Re: Does living at the beach reduce it's appeal?

I lived on the beach for 3 years (panhandle of Florida). Had it not been for career aspirations/ grad school/ local job opportunities I would have stayed. Living on the beach itself never got old to me. The views, sunsets, running on the beach, dolphins swimming up the shoreline in the winter when t...
by chrisam314
Thu Dec 29, 2016 1:47 pm
Forum: Personal Investments
Topic: Bond index investing strategy for the long-term investor
Replies: 2
Views: 509

Bond index investing strategy for the long-term investor

Let's say an investor is currently 100% equity index fund/etfs with 30 years until retirement. In order to diversify from equities the investor wants to add fixed income but still ensure an adequate level of risk therefore long-term returns to satisfy retirement needs. At R-30 years the investor beg...
by chrisam314
Fri Dec 16, 2016 9:22 pm
Forum: Personal Investments
Topic: Installment loan to boost credit score.
Replies: 30
Views: 3304

Re: Installment loan to boost credit score.

I now have a six month, $1,000.00 loan from my credit union. It was a bit of a bother, they treated this like a real loan with proof of income and a sales pitch for credit insurance and a Visa card. All of this for $22.73, the total cost of the loan. I had the money put into my savings account and ...
by chrisam314
Fri Dec 16, 2016 9:07 pm
Forum: Personal Consumer Issues
Topic: Buy a car or repair the old one
Replies: 17
Views: 2112

Re: Buy a car or repair the old one

Fix it. If paying for a one-time $1500 repair stresses you out after having to tap the emergency fund, think about adding a permanent $500 payment (+ increased insurance premium for a new car). I wouldn't consider what the current car is worth to the market when consider the repair. The opportunity ...
by chrisam314
Sat Dec 10, 2016 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: My mother is 61 years old and has $0 in savings
Replies: 50
Views: 10224

Re: My mother is 61 years old and has $0 in savings

These family situations are very difficult. I'm not usually a fan of annuities but I think Taylors advice is on point.
by chrisam314
Wed Dec 07, 2016 7:49 pm
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 544
Views: 72462

Re: Flaunt Your High-Mileage Car

Excited to finally be able to post on this thread. Hit 200k on my 2004 Highlander this week. Still running great. Barely anything other than routine maintenance and tires.
by chrisam314
Tue Dec 06, 2016 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement: Where $200K Will Last 30 Years
Replies: 113
Views: 23522

Re: Retirement: Where $200K Will Last 30 Years

2b) Hungry in Spain before 9pm? Hopefully you can find a McDonalds. I spent two months on the Camino de Santiago in each of 2015 and 2016. Small places along the Camino keep schedules to accommodate pilgrims. In larger cities such as Pamplona, Burgos, Leon, Astorga, and Santiago all kinds of meals ...
by chrisam314
Tue Dec 06, 2016 10:25 pm
Forum: Investing - Theory, News & General
Topic: Where do you put your cash?
Replies: 73
Views: 13901

Re: Where do you put your cash?

Capital One 360 - checking (0.2%) (with a checkbook I will never probably get entirely through), Capital One 360 Savings(0.75%), and I use the Capital One Venture card (2% return). Everything is in one spot- very easy, I like the app a lot too. I'm not sure why people transfer around to get a few ex...
by chrisam314
Wed Aug 24, 2016 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement: Where $200K Will Last 30 Years
Replies: 113
Views: 23522

Re: Retirement: Where $200K Will Last 30 Years

http://www.nextavenue.org/slideshow/8-countries-200k-will-last-30-years-retirement/#slide1 $200k + social security will last 30yrs in: 1) Ecuador -> Monthly expenses for a couple including rent $1500 2) Nicaragua -> $1200/month expenses 3) Thailand -> $1750/month 4) Beliza -> $1500/month 5) Panama ...
by chrisam314
Mon Jul 04, 2016 10:35 pm
Forum: Personal Consumer Issues
Topic: Any suggestions for Las Vegas Shows
Replies: 25
Views: 2269

Re: Any suggestions for Las Vegas Shows

I went in late May and saw Jersey Boys and Rock of Ages. I would recommend them both, especially Jersey Boys. However, if you're not into 80's music then you probably won't like Rock of Ages.
by chrisam314
Mon Jul 04, 2016 8:01 pm
Forum: Personal Consumer Issues
Topic: What kind of car are you driving?
Replies: 368
Views: 40389

Re: What kind of car are you driving?

2004 Toyota Highlander. 194,000 miles. Will certainly get a new Highlander when this one kicks the bucket, hopefully not soon.
by chrisam314
Thu Jun 30, 2016 10:13 pm
Forum: Personal Consumer Issues
Topic: Favorite ski resort
Replies: 61
Views: 6088

Re: Favorite ski resort

I too think SLC is a good choice if it's all about skiing. 400" a year, light powder. Stay in town and drive up each day to a different area or whever the most accumulation is, as mentioned - Snowbird and Alta up little cottonwood, deer valley and park city, Snow basin. AWD to get up cottonwood on ...
by chrisam314
Thu Jun 30, 2016 10:11 pm
Forum: Personal Consumer Issues
Topic: Favorite ski resort
Replies: 61
Views: 6088

Re: Favorite ski resort

Wow - lots of great responses! Thanks for all of the info. Depends what you're looking for. That's not set in stone but accessibility is a must. Not showing up to work on Monday because I'm snowed in is no bueno for me. That's technically always a risk, but some places are worse than others. I love ...
by chrisam314
Tue Jun 28, 2016 10:07 pm
Forum: Personal Consumer Issues
Topic: Favorite ski resort
Replies: 61
Views: 6088

Favorite ski resort

For those who ski/snowboard- What is your favorite ski resort? My girlfriend and I will be booking a trip for this upcoming winter. We did Deer Valley last year and loved it. Some things we really liked: the snow(compared to growing up skiing in the poconos), flying to Salt Lake and taking a shuttle...