Search found 497 matches

by bampf
Sun May 31, 2020 10:24 pm
Forum: Personal Investments
Topic: When is it enough/too much?
Replies: 46
Views: 4238

Re: When is it enough/too much?

I may be wrong, but from your post it seems to me you are a doctor couple, with School Loans & malpractice talked about. They are many of us on the forum. I was in your shoes once upon a long time back, you at 36 with 1 mil worth of investment are in a great position financially speaking. From your...
by bampf
Sun May 31, 2020 10:21 pm
Forum: Personal Investments
Topic: When is it enough/too much?
Replies: 46
Views: 4238

Re: When is it enough/too much?

1. I try and save 50% of every $ I make. I have a couple years at current run rate set aside in safe liquidity. It is probably worthwhile to say if that 50% is pretax or post tax. Ex: Income: ...........400K Tax: ...........120 K Post tax income : 280K. Saving 140 K and spending 140 K is reasonable...
by bampf
Sun May 31, 2020 8:08 pm
Forum: Personal Investments
Topic: When is it enough/too much?
Replies: 46
Views: 4238

Re: When is it enough/too much?

This is a really hard question to answer. I started seriously thinking about this three or four years ago and I still haven't found the right answer. Here is what I do know: 1. I try and save 50% of every $ I make. I have a couple years at current run rate set aside in safe liquidity. 2. I am though...
by bampf
Sat May 30, 2020 9:26 am
Forum: Personal Investments
Topic: Overpay for the home we love?
Replies: 62
Views: 4655

Re: Overpay for the home we love?

This is true. You have given me some food for thought. I was looking for investment properties and that is how I came about to considering buying the home we are renting. I was expecting the market to drop but if anything proves have gone up here..don’t know if that is just coincidental. I wouldn't...
by bampf
Thu May 28, 2020 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Employer approval for a side gig
Replies: 43
Views: 2198

Re: Employer approval for a side gig

Looking for some basic advice here and thoughts on what sort of outcome I should expect. Per my employer's code of conduct, I must notify them of any type of ownership and/or employment with a secondary venture. I don't think you are asking permission (at least I wouldn't be). I think you would be ...
by bampf
Thu May 28, 2020 1:59 pm
Forum: Investing - Theory, News & General
Topic: Stocks are dirt cheap vs. Bonds
Replies: 33
Views: 3623

Re: Stocks are dirt cheap vs. Bonds

I 've been mulling over Warren Buffett's statement that stocks are cheap vs. bonds. His thesis is essentially that if you take the Why would anything Buffet says have any significant value to a Boglehead investor? He hasn't beat the S&P 500 in a dozen or so years. Link to a post: Buffet doesn't bea...
by bampf
Thu May 28, 2020 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Employer approval for a side gig
Replies: 43
Views: 2198

Re: Employer approval for a side gig

Looking for some basic advice here and thoughts on what sort of outcome I should expect. Per my employer's code of conduct, I must notify them of any type of ownership and/or employment with a secondary venture. I don't think you are asking permission (at least I wouldn't be). I think you would be ...
by bampf
Wed May 27, 2020 6:57 pm
Forum: Investing - Theory, News & General
Topic: Stocks are dirt cheap vs. Bonds
Replies: 33
Views: 3623

Re: Stocks are dirt cheap vs. Bonds

Why would anything Buffet says have any significant value to a Boglehead investor? He hasn't beat the S&P 500 in a dozen or so years. Link to a post: Buffet doesn't beat the S&P post He has lots of value to a boglehead investor. He champions low cost index funds, Jack Bogle, buy and hold long term,...
by bampf
Wed May 27, 2020 7:55 am
Forum: Investing - Theory, News & General
Topic: Stocks are dirt cheap vs. Bonds
Replies: 33
Views: 3623

Re: Stocks are dirt cheap vs. Bonds

Why would anything Buffet says have any significant value to a Boglehead investor? He hasn't beat the S&P 500 in a dozen or so years. Link to a post: Buffet doesn't beat the S&P post The guy may not be a Boglehead, but he's arguably the most successful investor of all time. He handily beat the S&P ...
by bampf
Wed May 27, 2020 4:52 am
Forum: Investing - Theory, News & General
Topic: Stocks are dirt cheap vs. Bonds
Replies: 33
Views: 3623

Re: Stocks are dirt cheap vs. Bonds

I've been mulling over Warren Buffett's statement that stocks are cheap vs. bonds. His thesis is essentially that if you take the earnings yield (i.e. earnings of all companies in the s&p 500 divided by the market cap) and then subtract the yield of the 10 year treasury you come up with a "risk pre...
by bampf
Wed May 27, 2020 4:08 am
Forum: Personal Finance (Not Investing)
Topic: "Vacation" Home as First Home Purchase?
Replies: 14
Views: 1470

Re: Vacation Home as First Home Purchase?

If your current job were to go away, could you work in that city? If so, then it isn't really a vacation home, it is your new home. Put another way, will you pay rent and own this home at the same time while you are unemployed? I think it comes down to how you structure things and the risk associate...
by bampf
Mon May 25, 2020 4:58 pm
Forum: Personal Consumer Issues
Topic: Any Instant Pot users here?
Replies: 142
Views: 17505

Re: Any Instant Pot users here?

I recently started using the instapot to make Beef Bourguignon. Absolutely amazing.
by bampf
Fri May 22, 2020 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 367
Views: 28718

Re: The axe falls and I am prepared. What's next?

1. Keep working 2. Find a job if you like I know that doesn’t answer your questions in the context you asked, but, I think it applies. I’m kinda surprised you’re asking such specific questions with how matter of fact and prepared you come across. Being told you are not employed anymore is humbling ...
by bampf
Fri May 22, 2020 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 367
Views: 28718

Re: The axe falls and I am prepared. What's next?

Klang, I don't have a lot of advice for you but I would like to tell you I a am grateful for your words of wisdom and your advice. Your posts have caused me to evaluate how and why I do things. I haven't always agreed with you but I have always appreciated your point of view and your position. You h...
by bampf
Mon May 18, 2020 10:38 am
Forum: Personal Finance (Not Investing)
Topic: $5k - $7k to replace engine, or get something else? (loan on car)
Replies: 109
Views: 6647

Re: $5k - $7k to replace engine, or get something else? (loan on car)

The purchase price is irrelevant at this point. Yes, irrelevant to the question of what to do with the car. But taking a car loan at 4% really means OP took a loan at 4% to invest, probably back when it seemed markets would only ever go up. And that was a bad idea. Pay it off ASAP even if keeping t...
by bampf
Sat May 16, 2020 9:31 am
Forum: Personal Investments
Topic: A very simple situation but help is needed [How should I invest my 150k?]
Replies: 19
Views: 1635

Re: A very simple situation but help is needed

Hi Jeff, Welcome to the forum. Yes, this can seem complex and bewildering, but, one of the philosophical aspects of investing according to the boglehead way is to be humble in that no one knows much about the market and what it will do. Also, the complexity of yield and swaps and options and margins...
by bampf
Sat May 16, 2020 8:22 am
Forum: Personal Finance (Not Investing)
Topic: [any downside to telling your parents your income?]
Replies: 32
Views: 2466

Re: Sharing income with parent(s)?

Do not share. Nothing good comes of it. If times get rough, you are the one they go to, regardless of your situation. I have never seen anything good about letting someone know how much you make. Be the humble bazillionaire and share your wealth quietly by helping but never, never, never share the ...
by bampf
Sat May 16, 2020 12:57 am
Forum: Personal Investments
Topic: Has anyone else invested this way?
Replies: 13
Views: 1189

Re: Has anyone else invested this way?

Voo or VTI or both. Tax loss harvest when you can. Can't miss. I prefer ETF vs MF, but, admittedly, it doesn't matter a lot.
by bampf
Sat May 16, 2020 12:19 am
Forum: Personal Finance (Not Investing)
Topic: [any downside to telling your parents your income?]
Replies: 32
Views: 2466

Re: Sharing income with parent(s)?

Do not share. Nothing good comes of it. If times get rough, you are the one they go to, regardless of your situation. I have never seen anything good about letting someone know how much you make. Be the humble bazillionaire and share your wealth quietly by helping but never, never, never share the a...
by bampf
Fri May 15, 2020 11:23 pm
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10396

Re: Please tell me I'm not crazy

I think it all depends on where you are in your financial journey. Right now I have enough invested to do just fine. I also know that we could be facing ugly times with 30 million unemployed. I always want the market to go up, but, if it doesn't I have time to wait for it to go up. I also have a lot...
by bampf
Thu May 14, 2020 4:57 pm
Forum: Personal Consumer Issues
Topic: Secrets to a great lawn
Replies: 65
Views: 5212

Re: rachio

Bogle7 wrote:
Thu May 14, 2020 4:57 pm
Not the first step, but buy a Rachio controller for your sprinklers.
I did.
https://www.rachio.com/rachio-3/
Got a $75 rebate from our water company.
Used 10K fewer gallons of water in 2019 vs 2018. that is about $50.
Second this. Works well
by bampf
Sun May 10, 2020 7:53 am
Forum: Investing - Theory, News & General
Topic: Nothing to TLH
Replies: 29
Views: 1949

Re: Nothing to TLH

Hmm. I'll probably convert my MFs to ETFs. Would probably make this easier. Does Vanguard brokerage support non-Vanguard ETFs? Could I sell VBR and buy a non-Vanguard ETF there? This will of course generate a taxable event. This is a thread about TLH, that is the whole idea. Regardless, I do not be...
by bampf
Sun May 10, 2020 7:39 am
Forum: Investing - Theory, News & General
Topic: Nothing to TLH
Replies: 29
Views: 1949

Re: Nothing to TLH

JustinR wrote:
Sat May 09, 2020 8:58 pm


Hmm. I'll probably convert my MFs to ETFs. Would probably make this easier.

Does Vanguard brokerage support non-Vanguard ETFs? Could I sell VBR and buy a non-Vanguard ETF there?
This will of course generate a taxable event.
by bampf
Sat May 09, 2020 5:40 pm
Forum: Personal Consumer Issues
Topic: How to block all websites on Android tablet except for those in a whitelist
Replies: 4
Views: 312

Re: How to block all websites on Android tablet except for those in a whitelist

I'm trying to help my niece who's giving an Android Tablet to her 8-year old son (it runs a recent release of Android OS). I'm trying to help keep it child safe. Seems it only really needs two things An app locker restricts which apps they can run Website blocker 1. App lockers are plentiful 2. But...
by bampf
Fri May 08, 2020 1:30 pm
Forum: Personal Consumer Issues
Topic: Amazon issues - cannot even cancel Prime really
Replies: 59
Views: 3738

Re: Amazon issues - cannot even cancel Prime really

Two day shipping guarantee is from the date Amazon ships an item, not from the day you order it. I haven't had any issues with Prime so far during Covid, save one item that got lost. In March several items wouldn't ship for a week or more, but that's mostly gone now. If that is true, they can wait ...
by bampf
Wed May 06, 2020 9:48 pm
Forum: Personal Consumer Issues
Topic: Considering getting an espresso maker - thoughts?
Replies: 52
Views: 2841

Re: Considering getting an espresso maker - thoughts?

I daily use a Breville Oracle Touch When I first started making espresso I wasted a lot of time and made a lot of awful coffee. There is a ton of information online but then baristahustle.com by Matt Perger came along and helped make everything easy to understand. https://www.baristahustle.com/blog...
by bampf
Tue May 05, 2020 6:57 am
Forum: Personal Investments
Topic: Warren Buffett on S&P 500 Indexing May 2020
Replies: 5
Views: 1499

Re: Warren Buffett on S&P 500 Indexing May 2020

Did a quick chart on just the last 10 or so years between brk.a, vti (10%) and vti(60%)/BND(40%). Link to portfolio visualizer For those that just want the end result of a 10K investment over 12 years Jan '08 - Today: Brk.a $19,894 5.74% VTI $25,643 7.93% 60/40 $22,993 6.98% Today, right now, Total...
by bampf
Tue May 05, 2020 1:25 am
Forum: Investing - Theory, News & General
Topic: All my friends are outperforming index funds
Replies: 122
Views: 11150

Re: All my friends are outperforming index funds

Compare BRK.a vs VTI over the last 12 years. Its interesting. You can play around with this and see other results as well. Portfolio Visualizer ** edit: Corrected link Put in the stocks that they have and just slide the dates around. Do you win or lose if you backtest it 10 years? You can absolutely...
by bampf
Tue May 05, 2020 12:50 am
Forum: Personal Investments
Topic: Warren Buffett on S&P 500 Indexing May 2020
Replies: 5
Views: 1499

Re: Warren Buffett on S&P 500 Indexing May 2020

Did a quick chart on just the last 10 or so years between brk.a, vti (10%) and vti(60%)/BND(40%). Link to portfolio visualizer For those that just want the end result of a 10K investment over 12 years Jan '08 - Today: Brk.a $19,894 5.74% VTI $25,643 7.93% 60/40 $22,993 6.98% Today, right now, Total ...
by bampf
Mon May 04, 2020 7:44 pm
Forum: Personal Consumer Issues
Topic: Considering getting an espresso maker - thoughts?
Replies: 52
Views: 2841

Re: Considering getting an espresso maker - thoughts?

I bought the Breville Oracle Touch right before the lockdown began and it has been a god send. I’m not very awake in the morning so having something that basically does everything for me has been great. It also passes the “easy to use” test with my SO, so I’m not stuck making all the drinks. Yes th...
by bampf
Sun May 03, 2020 8:51 pm
Forum: Investing - Theory, News & General
Topic: What experts say about "Stay-the-Course"
Replies: 32
Views: 12775

Re: What experts say about "Stay-the-Course"

Your current program to "buy the total (US) market and hold it for a long period of time" is a winning strategy. If I had bought the S&P 500 stocks in 1950 when I started investing (there was no total stock market index fund), and simply held them until today, I would be a multi-millionaire. I beli...
by bampf
Sun May 03, 2020 3:27 pm
Forum: Investing - Theory, News & General
Topic: What experts say about "Stay-the-Course"
Replies: 32
Views: 12775

Re: What experts say about "Stay-the-Course"

Bogleheads: Mr. Bogle wrote: "No matter what happens, stick to your program ." He seldom, if ever, used the term: "Buy and hold." This is a big difference. Best wishes. Taylor Taylor, I am not sure what you are advocating. My program is to essentially buy the total (US) market it and hold it for a ...
by bampf
Fri May 01, 2020 12:43 am
Forum: Personal Investments
Topic: pay off mortgage vs. invest in the time of covid
Replies: 19
Views: 2659

Re: pay off mortgage vs. invest in the time of covid

You're letting your distrust of the current market drive panic selling at a low point. Its really not all that low. Its off roughly 17% from the high but roughly the same level it was in May of 2019. I'm just talking about the broad index funds. Its also pretty close to what it was in August of 201...
by bampf
Fri May 01, 2020 12:11 am
Forum: Personal Investments
Topic: pay off mortgage vs. invest in the time of covid
Replies: 19
Views: 2659

Re: pay off mortgage vs. invest in the time of covid

We're going to sleep on it for one more night, but we're leaning toward selling tomorrow. Thinking about this another way... if I had 273k lump sum cash right now to invest, no mortgage, would I put it all in stocks tomorrow looking at this market? Nope. I did roughly what you are talking about in ...
by bampf
Sat Apr 25, 2020 11:45 pm
Forum: Personal Investments
Topic: Preparing for the storm ahead.
Replies: 59
Views: 6534

Re: Preparing for the storm ahead.

Best of luck Surf! I can tell you in no uncertain terms that this board has helped prepare me for the worst and I am grateful. You got this!
by bampf
Sat Apr 25, 2020 3:08 pm
Forum: Personal Investments
Topic: Preparing for the storm ahead.
Replies: 59
Views: 6534

Re: Preparing for the storm ahead.

Airline Pilot. Unfortunately, my education and skill set really isn’t transferable. <Snip> Maybe. You know your job best, but, it occurs to me that you are responsible for the operation, safety and welfare of people and equipment. You are in a high pressure job that requires discipline, calmness un...
by bampf
Sat Apr 25, 2020 2:17 pm
Forum: Personal Investments
Topic: Preparing for the storm ahead.
Replies: 59
Views: 6534

Re: Preparing for the storm ahead.

Cash is king. I would also immediately start either looking for another job or retraining for another job. I don't know your skills and background, but, there is huge demand for data analytics, programming, etc.. If you are furloughed from a declining industry now is the perfect time to retool. Scar...
by bampf
Sat Apr 25, 2020 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Build wealth or enjoy a vivid life?
Replies: 9
Views: 1139

Re: Build wealth or enjoy a vivid life?

I don't know about most. I think wealth and life style are choices and there is no right or wrong. There are only consequences and rewards. I know that I lack for nothing I really want. I know that I spend less than I make by choice. I know that having enough to say anything I want at work is a grea...
by bampf
Tue Apr 14, 2020 7:34 am
Forum: Personal Consumer Issues
Topic: Lawn tractor not starting
Replies: 35
Views: 1482

Re: Lawn tractor not starting

A float charger / maintainer / tender is what will keep the battery charged and not overcharged. The brand doesn't matter. These used to be controlled by dedicated chips (UC3906 was one of the standards) but these days are typically microprocessor controlled as these chips have become so cheap. The...
by bampf
Tue Apr 14, 2020 7:13 am
Forum: Personal Consumer Issues
Topic: Lawn tractor not starting
Replies: 35
Views: 1482

Re: Lawn tractor not starting

Answer to some of your questions: -at the end of season the battery was removed and kept in room temp in the house -added fuel treatment to gas as recommended in the manual -battery terminals are clean. The tractor was barely used and has been kept inside the garage all the time What brand/type of ...
by bampf
Mon Apr 13, 2020 8:52 pm
Forum: Personal Consumer Issues
Topic: Lawn tractor not starting
Replies: 35
Views: 1482

Re: Lawn tractor not starting

sport wrote:
Mon Apr 13, 2020 8:49 pm
Always wear eye protection when doing anything with the battery.
This. NO kidding.
by bampf
Mon Apr 13, 2020 8:46 pm
Forum: Personal Consumer Issues
Topic: Lawn tractor not starting
Replies: 35
Views: 1482

Re: Lawn tractor not starting

Clean the cables that connect the battery. Frequently it is junk on the cables. Old school method is a diet coke and a wire brush. New school method is... a wire brush. Could also be that it needs some water. Be careful if you haven't done that before. Nothing to mess around with. Not hard, just som...
by bampf
Mon Apr 13, 2020 8:43 pm
Forum: Investing - Theory, News & General
Topic: My theory about FIRE
Replies: 419
Views: 30602

Re: My theory about FIRE

I think the FI is more important than the RE. Having the ability to make choices is very powerful. It changes the equation from servitude to choice and that matters a lot. My spouse and I used to argue about having to take a "bite from the ...." insert word that the mods won't yell at me about "doo...
by bampf
Mon Apr 13, 2020 7:50 pm
Forum: Personal Consumer Issues
Topic: Zoom Meeting No Video Camera or Microphone
Replies: 16
Views: 1187

Re: Zoom Meeting No Video Camera or Microphone

There is a chat function and it can be very powerful. Be careful not to overuse it. Also, if you can't be seen or heard, it is a disadvantage.
by bampf
Mon Apr 13, 2020 7:48 pm
Forum: Investing - Theory, News & General
Topic: My theory about FIRE
Replies: 419
Views: 30602

Re: My theory about FIRE

I think the FI is more important than the RE. Having the ability to make choices is very powerful. It changes the equation from servitude to choice and that matters a lot. My spouse and I used to argue about having to take a "bite from the ...." insert word that the mods won't yell at me about "dood...
by bampf
Mon Apr 13, 2020 7:48 am
Forum: Personal Consumer Issues
Topic: Hand Truck Tire Replacement
Replies: 19
Views: 758

Re: Hand Truck Tire Replacement

Another option is to buy a solid tire, already mounted on the wheel. +1 After years of fixing flats or finding them at inopportune times, I finally bought a pair of solid rubber tires and it brings a smile to my face every time I go to grab my handcart. This. That end cap will pop right off. Solid ...
by bampf
Sun Apr 12, 2020 8:41 pm
Forum: Personal Investments
Topic: Early Pension is tempting me...
Replies: 28
Views: 3317

Re: Early Pension is tempting me...

I took my pension early by 10 months because I had other things I wanted to and because while I really enjoyed parts of my job and my co-workers, there were aspects of it that made me believe it was time to leave. And now I'm sitting home not doing any of the things I'd planned. Well I am doing som...
by bampf
Sun Apr 12, 2020 8:01 am
Forum: Personal Consumer Issues
Topic: Estimate on a new hvac system. Is it reasonable?
Replies: 60
Views: 4032

Re: Estimate on a new hvac system. Is it reasonable?

When you replace the existing HVAC be sure to tell the contractor you require them to pull a permit, even if they say it is not needed. With a permit in place the city inspector will inspect the install and make the company correct any shortcuts or mistakes that don't meet zoning requirements. That...
by bampf
Sun Apr 12, 2020 7:23 am
Forum: Personal Investments
Topic: Early Pension is tempting me...
Replies: 28
Views: 3317

Re: Early Pension is tempting me...

brewsky wrote:
Sat Apr 11, 2020 2:00 pm
So my question is two-fold. Should I take the pension early? If so, lump sum or life annuity?
Yes, I would take it early. Lump sum. Why? Bird in the hand. Book it.
by bampf
Sat Apr 11, 2020 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Military retirement: Identifying a 2nd career
Replies: 13
Views: 989

Re: Military retirement: Identifying a 2nd career

Large financials and insurance companies frequently look to recruit out of the military. Look up Military Officer Leadership Programs from companies like Citi: https://www.citigroup.com/citi/citizen/community/citisalutes/working-jobs.html . Obviously you will want skills beyond "I served" that are a...