Search found 519 matches

by bampf
Fri Jul 10, 2020 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Ethical Dilemna - Rate Lock Woes
Replies: 11
Views: 836

Re: Ethical Dilemna - Rate Lock Woes

I don't think it is an ethical dilemma. Rates are lower. I guess you need to ask yourself how much 21K matters to you. A half point aint nothing. If I were doing the deal I would ask them to meet you half way or tell them you have a loan for 2.25 in your back pocket. That being said, if you pay off ...
by bampf
Thu Jul 09, 2020 8:22 pm
Forum: Personal Consumer Issues
Topic: Need advice for raspberry pi
Replies: 36
Views: 2254

Re: Need advice for raspberry pi

Arduino’s, PI’s and others like them, are not ideal for this age group, if the intent is to develop a certain set of necessary skills. I would agree that is true in general. If your child has already shown an interest in computers, programming, building stuff, it might be appropriate at this age, b...
by bampf
Tue Jul 07, 2020 10:29 am
Forum: Personal Investments
Topic: Old 401(k)
Replies: 5
Views: 303

Re: Old 401(k)

Why not roll it over to a fidelity ira? You don't need to roth convert it. No taxes, bing bang boom.
by bampf
Mon Jul 06, 2020 1:51 pm
Forum: Personal Consumer Issues
Topic: Water Heater Leak
Replies: 23
Views: 966

Re: Water Heater Leak

Consider replacing with a dual-anode water heater. Adds ~$100 - 150 to cost [circa 2010], but doubles the length of corrosion protection. Also extends the manufacturer's warranty. Or remove the sacrificial anode and add a powered one instead. And you can never have too many (ball valve) shutoffs......
by bampf
Mon Jun 29, 2020 2:05 pm
Forum: Personal Consumer Issues
Topic: Thinking about joining Air National Guard at 31 years
Replies: 94
Views: 5991

Re: Thinking about joining Air National Guard at 31 years

That's a rather romantic notion about the military. I wish you the very best of luck in whatever happens to you. Why would you say that? And if you have real life experience, please share it. I have a lot of real life experience with the military. If you really, truly want to serve in the military,...
by bampf
Sun Jun 28, 2020 9:13 am
Forum: Personal Investments
Topic: I am ready to pull the plug! am I ready ?
Replies: 27
Views: 4965

Re: I am ready to pull the plug! am I ready ?

Yep. Done. Do what you want.
by bampf
Thu Jun 25, 2020 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Question - Reloc to TX
Replies: 101
Views: 7287

Re: Question - Reloc to TX

Thanks for all the responses, good info! I think renting for the first year and getting a feel for the market is prudent. By then I will also get a feel for how I fit into the culture of the city as well :) As I said my only experience with TX is a visit to Austin a few years ago which was very pos...
by bampf
Sun Jun 21, 2020 11:58 am
Forum: Personal Investments
Topic: not sure, please help [Can we retire, where to invest?]
Replies: 14
Views: 788

Re: not sure, please help [Can we retire, where to invest?]

Hi! I am around the same age. One way to think about this is to build a portfolio that has a chance to last you the rest of your life. A previous poster suggested firecalc, and I very much suggest this also. 1. Know your expenses. Taxes and healthcare as well. 2. Track everything for a year so you k...
by bampf
Tue Jun 16, 2020 8:54 pm
Forum: Personal Investments
Topic: Can my portfolio really be this simple?
Replies: 24
Views: 2336

Re: Can my portfolio really be this simple?

Hi, this is my first time posting but I’ve been reading some of the posts on here for the last couple of weeks. I am 19 years old and joined an investing club at my university. I’ve learned a lot about the market and am learning more every day. I have begun reading lots of different books like the ...
by bampf
Mon Jun 15, 2020 6:08 pm
Forum: Personal Consumer Issues
Topic: Flexing your frugality - are 0% loans to friends wrong?
Replies: 54
Views: 3210

Re: Flexing your frugality - are 0% loans to friends wrong?

I was asked for a loan to help my brother. I really wrestled with it as there was no way he could pay me back and it would have been to perpetuate a bad situation. Ultimately I declined to loan him the money but said I would gift him the money. My only condition was that he let me help him structure...
by bampf
Fri Jun 12, 2020 11:15 pm
Forum: Personal Consumer Issues
Topic: Really hard to avoid "Keeping up with the Joneses"!
Replies: 313
Views: 32025

Re: Have you ever kept up with the Jones’?

I am struggling a bit with this myself. If you are on track financially and it will make your family life better (and yours!) then you should do it. If it will hurt your financial trajectory and will make you more unhappy than your family happy, then you have a conundrum. I have no reals answers.
by bampf
Fri Jun 12, 2020 1:53 pm
Forum: Personal Investments
Topic: Rent or Sell Condo? Help Me Choose...
Replies: 12
Views: 461

Re: Rent or Sell Condo? Help Me Choose...

I have owned multiple rentals. I have sold them all. They can be a good source of income. They can be a nightmare. If $300 matters to you in terms of make or break, sell now. If you can afford to sink $5K into a rental that has been trashed, and you like being a landlord, its can be a good way to ma...
by bampf
Fri Jun 12, 2020 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella policy: is it worth it?
Replies: 10
Views: 1030

Re: Umbrella policy: is it worth it?

I pay something like triple that with two teenage drivers. Totally worth it to me.
by bampf
Mon Jun 08, 2020 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Pay 10k to borrow 81K ?
Replies: 26
Views: 2418

Re: Pay 10k to borrow 81K ?

I really dislike escrow accounts. You may consider saying "No Escrow" and paying your own taxes and insurance.
by bampf
Mon Jun 08, 2020 10:56 am
Forum: Investing - Theory, News & General
Topic: Going 100/0 to 52/48 Today (06/08/20) - Wish Me Luck
Replies: 51
Views: 5463

Re: Going 100/0 to 52/48 Today (06/08/20) - Wish Me Luck

I would phrase it differently: A) Can you tolerate a loss of 1.5MM for 3 years? 5 Years? 10 Years? B) Do you want or need to gain 3MM in the next 3 years, 5 years, 10 years? If the answer is yes to both, then asset allocation can be aggressive. If the answer to one or both is no, then aa should be ...
by bampf
Mon Jun 08, 2020 10:24 am
Forum: Investing - Theory, News & General
Topic: Going 100/0 to 52/48 Today (06/08/20) - Wish Me Luck
Replies: 51
Views: 5463

Re: Going 100/0 to 52/48 Today (06/08/20) - Wish Me Luck

Here is an interesting question: If you had $500K in cash and $3MM in VOO/VTI/VTSAX or some other index fund, would you change your asset allocation? To what? I suppose the premise is that you have plenty of cash a large portfolio and 10 years for it to grow. Are you more aggressive because the bas...
by bampf
Mon Jun 08, 2020 10:09 am
Forum: Investing - Theory, News & General
Topic: Going 100/0 to 52/48 Today (06/08/20) - Wish Me Luck
Replies: 51
Views: 5463

Re: Going 100/0 to 52/48 Today (06/08/20) - Wish Me Luck

Here is an interesting question: If you had $500K in cash and $3MM in VOO/VTI/VTSAX or some other index fund, would you change your asset allocation? To what? I suppose the premise is that you have plenty of cash a large portfolio and 10 years for it to grow. Are you more aggressive because the basi...
by bampf
Sun Jun 07, 2020 9:32 am
Forum: Personal Investments
Topic: Nervous about market - pay off mortgage instead?
Replies: 71
Views: 4924

Re: Nervous about market - pay off mortgage instead?

Perhaps the point was that when you need the money, and the market is down and the real estate market is down you are facing a lot of headwinds. ... * Stay as liquid as you can so that you are never really at the mercy of the inevitable bad thing and * Invest your money, things happen but the can b...
by bampf
Sat Jun 06, 2020 10:23 pm
Forum: Personal Investments
Topic: Nervous about market - pay off mortgage instead?
Replies: 71
Views: 4924

Re: Nervous about market - pay off mortgage instead?

If you believe there will always be a market for equities - as you clearly imply, then one can just as reasonably assume there will always be a market for houses. Thus one can always sell their house. Of course, just like equities one must sell at market value. However the market has always existed...
by bampf
Thu Jun 04, 2020 8:44 am
Forum: Personal Consumer Issues
Topic: Who to hire to monitor builder (GC)
Replies: 13
Views: 941

Re: Who to hire to monitor builder (GC)

I want Sandtrap as my GC.
by bampf
Thu Jun 04, 2020 8:37 am
Forum: Personal Consumer Issues
Topic: Who to hire to monitor builder (GC)
Replies: 13
Views: 941

Re: Who to hire to monitor builder (GC)

Architects will offer this service for a fee (10% of the project sounds familiar, but I'm not sure), but maybe only if they designed it. I suppose you could see if a home inspector would do it. The government inspector will make sure things are up to code, but not more than that. Honestly though, i...
by bampf
Tue Jun 02, 2020 2:34 pm
Forum: Personal Consumer Issues
Topic: How to keep chiipmunks from going into gutter/underground drain connection?
Replies: 34
Views: 1756

Re: How to keep chiipmunks from going into gutter/underground drain connection?

6 foot bull snake. Snake gonna do what a snake gonna do. Don't handle much. They are a touch bitey. Keep small pets and other snacks away.
by bampf
Sun May 31, 2020 10:24 pm
Forum: Personal Investments
Topic: When is it enough/too much?
Replies: 66
Views: 9138

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: 66
Views: 9138

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: 66
Views: 9138

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: 4975

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: 2343

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: 3761

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: 2343

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: 3761

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: 3761

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: 3761

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: 1541

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: 165
Views: 20113

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: 370
Views: 31325

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: 370
Views: 31325

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: 6988

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: 1657

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: 2582

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: 1219

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: 2582

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: 10750

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: 5428

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: 1973

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: 1973

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: 324

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: 3845

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: 3038

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: 1518

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: 11464

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...