Search found 173 matches

by jb1
Sat Jul 21, 2018 7:38 am
Forum: Personal Consumer Issues
Topic: I dont know how to spend money
Replies: 21
Views: 2044

Re: I dont know how to spend money

I will have roommates live with me to offset the mortgage essentially living in a house for $100 a month. $100 a month....hmmm. Can't you find one more roommate and break even? Thank you for there replies everyone. For this instance yes. Payments would be 1225 a month without utilities. If I charge...
by jb1
Fri Jul 20, 2018 9:34 pm
Forum: Personal Consumer Issues
Topic: I dont know how to spend money
Replies: 21
Views: 2044

I dont know how to spend money

Hey BH Im currently 27, and Ive realized the older I get the worse I am at wanting to spend money. Im making an average 51k a year but I have a very high savings rate. I currently have 24k in a Roth IRA, 47k in a 2 fund portfolio (75% US market, 25% International), and 30k in a savings account. I am...
by jb1
Wed Jun 27, 2018 8:18 pm
Forum: Investing - Help with Personal Investments
Topic: Stocks vs. rental property
Replies: 101
Views: 9750

Re: Stocks vs. rental property

Its just simple math, though. Indexing is fine, its just a 25-30+ year plan. Not everyone wants to be pigeon holed for that long working a job (or jobs) that may be uncertain, or they may not like. People change. Things change. Health changes. What if they want to train for a triathlon, start a bus...
by jb1
Sun Jun 24, 2018 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Is this all investing is?
Replies: 38
Views: 3778

Re: Is this all investing is?

Thank you everyone for the replies. They truly brought a smile to my face. The more I think about it, the more I realize I want to share my journey of life with someone, right now that is missing and has been for a while. Ive been to a new country every year since 2010, it is one of the most unique ...
by jb1
Sat Jun 23, 2018 7:43 am
Forum: Investing - Help with Personal Investments
Topic: Is this all investing is?
Replies: 38
Views: 3778

Re: Is this all investing is?

Don't give up on living your life while you are saving so (too?) much. It is also important to enjoy life, so maybe set aside a certain amount regularly to be used on something you enjoy, whether that be eating out, traveling, spending time with friends, whatever, yes, even the car (although things...
by jb1
Sat Jun 23, 2018 7:18 am
Forum: Investing - Help with Personal Investments
Topic: Is this all investing is?
Replies: 38
Views: 3778

Is this all investing is?

Hey all, Currently 27, single, very frugal and pretty much invest 60% of my income. Been investing for 2 years and I have ~45k in a 2 fund portfolio of US market and Int market, with ~25k in a Roth IRA of Target Retirement. Hoping by the end of the year to max out the IRA contributions as well as ad...
by jb1
Mon Jun 18, 2018 5:52 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA dividends
Replies: 1
Views: 316

Roth IRA dividends

Hey all Simple question that I cannot seem to find a definitive answer to. Assuming im 40, have a strong Roth IRA portfolio and start taking dividends, will those be taxed upon taking out? I know they grow tax free, but what about if I take out before 59.5? Are any dividends I receive penalized? Tha...
by jb1
Sun Jun 03, 2018 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Best Advice You Never Took
Replies: 100
Views: 13696

Re: Best Advice You Never Took

Im relatively on the younger side. I always worked in college while everyone else was partying. I was taking a finance class in 2011 and the professor told us "Facebook is having their IPO soon, Im investing in it, I suggest you do also".

Didnt take his advice.
by jb1
Mon Jan 01, 2018 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: Only in NJ [state 401(k) plan] can Vanguard cost 3x as much
Replies: 16
Views: 2641

Re: Only in NJ can Vanguard cost 3x as much

zz4 wrote:
Sat Dec 30, 2017 7:38 pm
jb1 wrote:
Sat Dec 30, 2017 3:35 pm
Thank God I moved out of NJ. Never been happier.
Ha, where'd you go? I need ideas :idea:
North Carolina :)
by jb1
Sat Dec 30, 2017 3:35 pm
Forum: Investing - Help with Personal Investments
Topic: Only in NJ [state 401(k) plan] can Vanguard cost 3x as much
Replies: 16
Views: 2641

Re: Only in NJ can Vanguard cost 3x as much

Thank God I moved out of NJ. Never been happier.
by jb1
Fri Dec 29, 2017 7:48 pm
Forum: Investing - Theory, News & General
Topic: How to setup a crypto-currency "index fund" (Bitcoin, etc.)
Replies: 77
Views: 7159

Re: How to setup a crypto-currency "index fund" (Bitcoin, etc.)

Nice indeed. Most are condos in coastal markets. They almost run themselves! Incidentally, that is a little under the hourly rate of my field (civilian side). :wink: Arent condos a pain with renting? Lots of stipulations? People say they are a pain. Those that do, they often knew an uncle's friend ...
by jb1
Fri Dec 29, 2017 7:36 pm
Forum: Investing - Theory, News & General
Topic: How to setup a crypto-currency "index fund" (Bitcoin, etc.)
Replies: 77
Views: 7159

Re: How to setup a crypto-currency "index fund" (Bitcoin, etc.)

WanderingDoc wrote:
Fri Dec 29, 2017 6:38 pm


Nice indeed. Most are condos in coastal markets. They almost run themselves! Incidentally, that is a little under the hourly rate of my field (civilian side). :wink:
Arent condos a pain with renting? Lots of stipulations?
by jb1
Thu Dec 28, 2017 11:13 pm
Forum: Investing - Theory, News & General
Topic: How to setup a crypto-currency "index fund" (Bitcoin, etc.)
Replies: 77
Views: 7159

Re: How to setup a crypto-currency "index fund" (Bitcoin, etc.)

WanderingDoc - what do you think about John T. Reed? He's considered a guru of real estate investing and I read few of his books when I was looking into real estate and it was far from slam dunk. Eventually, I decided against it. If you read his books, do you think he's wrong in his assessments? If...
by jb1
Thu Dec 28, 2017 8:12 pm
Forum: Investing - Theory, News & General
Topic: How to setup a crypto-currency "index fund" (Bitcoin, etc.)
Replies: 77
Views: 7159

Re: How to setup a crypto-currency "index fund" (Bitcoin, etc.)

Im with ya wanderingdoc. Goal is to get my first property this year and house hack it, rinse, repeat. At the end of the day, people need a place to live. Could be a bear market, worse financial crisis ever, people still need a place to live and the USA is becoming more and more of a renter country....
by jb1
Thu Dec 28, 2017 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Looking to take out Roth IRA money for house down payment.
Replies: 66
Views: 5224

Re: Looking to take out Roth IRA money for house down payment.

Roth contributions you can take out any time for any reason. Roth earnings (gains from investments) are restricted to $10,000 only on a first time house. How much are contributions vs. gains in your Roth? While most would not recommend raiding your Roth for a house payment on this forum, I don't th...
by jb1
Wed Dec 27, 2017 6:57 pm
Forum: Investing - Theory, News & General
Topic: What the experts say about Bitcoins?
Replies: 114
Views: 8887

Re: What the experts say about Bitcoins?

Oh look another bitcoin thread!

"Biggest regret is you didnt buy more"

-Jordan Belfort

-JB1
by jb1
Wed Dec 27, 2017 6:43 pm
Forum: Investing - Theory, News & General
Topic: How to setup a crypto-currency "index fund" (Bitcoin, etc.)
Replies: 77
Views: 7159

Re: How to setup a crypto-currency "index fund" (Bitcoin, etc.)

Not taking calculated risks and chances (not just financial) early in life, leads to a lot of regret later in life. Just ask all of those who didn't fulfill their dreams in life. Didn't start that dream business, didn't take that motorcycle ride through Asia, didn't try something new, didn't move t...
by jb1
Wed Dec 27, 2017 3:56 pm
Forum: Investing - Theory, News & General
Topic: How to setup a crypto-currency "index fund" (Bitcoin, etc.)
Replies: 77
Views: 7159

Re: How to setup a crypto-currency "index fund" (Bitcoin, etc.)

OP lol just forget it, youre asking on the wrong forum. I have learned a lot from here, but no one takes risks here. Ever. Biggest risk they take is driving to a gas station where they dont know the price. Im 27. I dont want to wait until retirement to touch my money. I dont want to work 9-5 foreve...
by jb1
Wed Dec 27, 2017 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Looking to take out Roth IRA money for house down payment.
Replies: 66
Views: 5224

Re: Looking to take out Roth IRA money for house down payment.

OP, In summary, my guess was correct. You have little to no emergency fund. You are 100% invested. Hence, you need to withdraw from your Roth IRA for the house down payment. The scary part is you have no idea why this is dangerous. You assume that you will be so lucky that everything will work out ...
by jb1
Wed Dec 27, 2017 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: Looking to take out Roth IRA money for house down payment.
Replies: 66
Views: 5224

Re: Looking to take out Roth IRA money for house down payment.

OP, In summary, my guess was correct. You have little to no emergency fund. You are 100% invested. Hence, you need to withdraw from your Roth IRA for the house down payment. The scary part is you have no idea why this is dangerous. You assume that you will be so lucky that everything will work out ...
by jb1
Wed Dec 27, 2017 2:53 pm
Forum: Investing - Theory, News & General
Topic: How to setup a crypto-currency "index fund" (Bitcoin, etc.)
Replies: 77
Views: 7159

Re: How to setup a crypto-currency "index fund" (Bitcoin, etc.)

OP lol just forget it, youre asking on the wrong forum. I have learned a lot from here, but no one takes risks here. Ever. Biggest risk they take is driving to a gas station where they dont know the price. Im 27. I dont want to wait until retirement to touch my money. I dont want to work 9-5 forever...
by jb1
Wed Dec 27, 2017 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Looking to take out Roth IRA money for house down payment.
Replies: 66
Views: 5224

Re: Looking to take out Roth IRA money for house down payment.

Nope, never been one. But Id want to house hack, live in a room, rent out the others. Rinse and repeat. I will just use the money Ive been saving in an external account for a downpayment then. Rinse and repeat. Despite your inexperience, you seem pretty set on doing this. So I’m not sure anything a...
by jb1
Wed Dec 27, 2017 8:40 am
Forum: Investing - Help with Personal Investments
Topic: Looking to take out Roth IRA money for house down payment.
Replies: 66
Views: 5224

Re: Looking to take out Roth IRA money for house down payment.

Nope, never been one. But Id want to house hack, live in a room, rent out the others. Rinse and repeat. I will just use the money Ive been saving in an external account for a downpayment then. Rinse and repeat. Despite your inexperience, you seem pretty set on doing this. So I’m not sure anything a...
by jb1
Tue Dec 26, 2017 10:58 am
Forum: Investing - Help with Personal Investments
Topic: Looking to take out Roth IRA money for house down payment.
Replies: 66
Views: 5224

Re: Looking to take out Roth IRA money for house down payment.

Hey all I know you are allowed to take out your IRA contributions penalty free if its used for a first time house. Has anyone done this before? I have about 18k in my Roth. Looking to take it out and use for a house down payment. Not that Im not concerned with retirement, but I have money in a 3 fu...
by jb1
Sun Dec 24, 2017 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: how to "know" what asset allocation is right? (crypto windfall)
Replies: 39
Views: 5395

Re: how to "know" what asset allocation is right? (crypto windfall)

How much did you originally invest into crypto? I always lol at BH who are against even a little bit of it. I started 6 months ago and have made more than my Roth IRA has the past 4 years. Took out my original investment plus 1k. Rest is the casinos money. Do you have a plan in place for how to tre...
by jb1
Sun Dec 24, 2017 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: how to "know" what asset allocation is right? (crypto windfall)
Replies: 39
Views: 5395

Re: how to "know" what asset allocation is right? (crypto windfall)

How much did you originally invest into crypto? I always lol at BH who are against even a little bit of it. I started 6 months ago and have made more than my Roth IRA has the past 4 years. Took out my original investment plus 1k. Rest is the casinos money.
by jb1
Sun Dec 24, 2017 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Looking to take out Roth IRA money for house down payment.
Replies: 66
Views: 5224

Re: Looking to take out Roth IRA money for house down payment.

Not that Im not concerned with retirement, but I have money in a 3 fund portfolio, a Simple IRA through work, and I am confident that long term I can make more money off real estate with the Roth IRA money. How old are you and are you maxing out your contribution to the Simple IRA through work? Mos...
by jb1
Sun Dec 24, 2017 10:57 am
Forum: Investing - Theory, News & General
Topic: Bitcoin: food for thought
Replies: 53
Views: 5190

Re: Bitcoin: food for thought

I just dont get people especially back then who didnt put $100 in it just for the hell of it. Hindsight is 20/20. It would have felt like burning a 100 dollar bill. Not many BH's willing to burn a 100. Yes very true. Im currently invested in crypto now, not so much bitcoin. I already took out my or...
by jb1
Sun Dec 24, 2017 10:52 am
Forum: Investing - Help with Personal Investments
Topic: Feels dumb to hold bonds - Currently 70% Stocks 30% Bonds
Replies: 97
Views: 13711

Re: Feels dumb to hold bonds - Currently 70% Stocks 30% Bonds

Im with you OP. Had 4k bonds earlier this year. Im 27 years old. Recently took out 2k for crypto (I already made my money back plus more) and moved the rest to my US/Int total stock market. No bonds for me now.
by jb1
Sun Dec 24, 2017 10:49 am
Forum: Investing - Theory, News & General
Topic: Bitcoin: food for thought
Replies: 53
Views: 5190

Re: Bitcoin: food for thought

I just dont get people especially back then who didnt put $100 in it just for the hell of it.
by jb1
Sun Dec 24, 2017 10:29 am
Forum: Investing - Help with Personal Investments
Topic: Looking to take out Roth IRA money for house down payment.
Replies: 66
Views: 5224

Looking to take out Roth IRA money for house down payment.

Hey all I know you are allowed to take out your IRA contributions penalty free if its used for a first time house. Has anyone done this before? I have about 18k in my Roth. Looking to take it out and use for a house down payment. Not that Im not concerned with retirement, but I have money in a 3 fun...
by jb1
Thu Dec 07, 2017 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Want to sell my Bitcoin, but when?
Replies: 90
Views: 9575

Re: Want to sell my Bitcoin, but when?

I sold half of mine today. Made enough to cover my original investment. Way too much new money coming in. I had 3 friends all sign up and buy today. Thats my sign to leave for a while. Nice! I missed the $19k+ run up or I might have been tempted to let some go at that point. Dropped 20% since then ...
by jb1
Thu Dec 07, 2017 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Want to sell my Bitcoin, but when?
Replies: 90
Views: 9575

Re: Want to sell my Bitcoin, but when?

I sold half of mine today. Made enough to cover my original investment. Way too much new money coming in. I had 3 friends all sign up and buy today. Thats my sign to leave for a while.
by jb1
Wed Nov 29, 2017 7:23 am
Forum: Investing - Help with Personal Investments
Topic: Didn't buy Bitcoin at $4600
Replies: 138
Views: 12870

Re: Didn't buy Bitcoin at $4600

Lol at anyone who is/was afraid to even try crypto.

My biggest regret is not selling my whole portfolio and putting it in Bitcoin over the summer. Wouldve been sitting pretty. Instead im getting 7%..
by jb1
Tue Nov 28, 2017 9:58 pm
Forum: Investing - Help with Personal Investments
Topic: New Vanguard IRA for my young adult kids
Replies: 2
Views: 382

Re: New Vanguard IRA for my young adult kids

With kids so young, Throw the 1k in Crypto :D
by jb1
Tue Nov 28, 2017 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: Inheriting a large sum, slightly intimidated.
Replies: 51
Views: 5993

Re: Inheriting a large sum, slightly intimidated.

Id retire, pick up a part time job that doesnt risk your life. -Put 1 million in a conservative portfolio living off dividends. (if put in total bond market that will be 25k a year in dividends right?) -use 500k for a rental properties -Buy a GTR for 100k -Spend 25k traveling the world for a year Re...
by jb1
Mon Nov 20, 2017 9:39 pm
Forum: Investing - Theory, News & General
Topic: Holding VTSAX only
Replies: 46
Views: 6427

Re: Holding VTSAX only

Even better go 50/50 VTSAX/VTIAX and call it a day. Add Total Bond funds when you get older. Simple.... The older I get the more I realize how I like this appraoch. I currenly have 70% VTSAX, 25% VTIAX, 5% VBTLX (only about 2k worth) but I wonder, what is even the point of keeping 2k there? Im 27 y...
by jb1
Fri Nov 17, 2017 10:08 pm
Forum: Investing - Theory, News & General
Topic: Marijuana stocks
Replies: 11
Views: 1679

Re: Marijuana stocks

These ventures are still illegal under US federal law, so it's very unlikely you'd find a bank that would help bring a company like this to public investors in an IPO. They have a hard enough time opening a checking account. Most of the companies in the space are funded privately, or operate in int...
by jb1
Fri Nov 17, 2017 9:34 pm
Forum: Investing - Theory, News & General
Topic: Marijuana stocks
Replies: 11
Views: 1679

Marijuana stocks

Hey guys, as I try to take an "educated guess" as to where the future is going, marijuana stocks seem to catch my interest. Numerous states are legalizing it and its only a matter of time before it is completely legal (which I think it should be although I dont do it). What are you thought on future...
by jb1
Fri Nov 17, 2017 9:32 pm
Forum: Investing - Help with Personal Investments
Topic: Bitcoin
Replies: 138
Views: 14669

Re: Bitcoin

Mind is blown at the people who are 100% against bitcoin or cryptocurrency. Im 27, have a 3 fund thatll make me ~7%. Thats great. Id rather take 10k, money I can always make back and put it in cryptos (which ive done). Imagine in 10 years where its at? Had you taken that 10k at 7% in 10 years its 19...
by jb1
Fri Nov 10, 2017 7:48 am
Forum: Investing - Help with Personal Investments
Topic: Buying bitcoin / Cryptocurrency to market cap (.3%)
Replies: 42
Views: 4920

Re: Buying bitcoin / Cryptocurrency to market cap (.3%)

Im 27 and have 6k split between Bitcoin, Ethereum, and Litecoin.

Dont plan on checking again until 2022. Either I lose 6k, keep 6k or wake up and make a profit.
by jb1
Mon Nov 06, 2017 7:48 am
Forum: Investing - Help with Personal Investments
Topic: Should one use REITs
Replies: 54
Views: 9014

Re: Should one use REITs

Would rather own actual property. That is the "problem" with this asset class. There is no best way to invest in real estate. There are clear advantages and disadvantages to the various types of ownership. I just feel REITs are too volatile. They can drop out of nowhere and all youre left with is a...
by jb1
Sun Nov 05, 2017 6:44 pm
Forum: Investing - Help with Personal Investments
Topic: Should one use REITs
Replies: 54
Views: 9014

Re: Should one use REITs

Would rather own actual property.
by jb1
Fri Nov 03, 2017 6:17 pm
Forum: Investing - Help with Personal Investments
Topic: Put cash into a home or stock market.
Replies: 30
Views: 4096

Re: Put cash into a home or stock market.

Your grandma is selling you her house... to her grandson.. for only 30k off and you think its a discount... What? That's 25% off. Idk just seems odd in terms of family values. My grandparents immigrated from italy, no english, little money, bought a duplex in NYC for cheap. As they got older and co...
by jb1
Fri Nov 03, 2017 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Put cash into a home or stock market.
Replies: 30
Views: 4096

Re: Put cash into a home or stock market.

Your grandma is selling you her house... to her grandson.. for only 30k off and you think its a discount... What?
by jb1
Wed Oct 25, 2017 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Should you rebalance when you’re in your seventies?
Replies: 25
Views: 3056

Re: Should you rebalance when you’re in your seventies?

"life expectancy of 10 years"

Damn man that hit me hard. Im 27 also
by jb1
Thu Oct 19, 2017 8:46 am
Forum: Investing - Theory, News & General
Topic: Thoughts on BONDS and REITS?
Replies: 13
Views: 1889

Re: Thoughts on BONDS and REITS?

Id personally rather own RE than a REIT
by jb1
Wed Oct 18, 2017 11:33 am
Forum: Investing - Help with Personal Investments
Topic: bitcoin makes you rich
Replies: 49
Views: 5823

Re: anhybody buying bitcoin

I have BTC, LTC, and ETH. about 6k spread out total. Will check again in 2022.
by jb1
Fri Oct 13, 2017 8:19 am
Forum: Investing - Help with Personal Investments
Topic: Diversify IRAS?
Replies: 3
Views: 245

Diversify IRAS?

Hey all, currently have a Roth IRA through Vanguard that told TR 2060 with around 19k in it. My job recently implemented a SIMPLE Ira. I'm going to put $200 a month in and employer will match 100% of it. Currently i have my holding in their form of TR 2060, so essentially the same as my Vanguard Rot...
by jb1
Fri Oct 13, 2017 6:48 am
Forum: Investing - Theory, News & General
Topic: Bitcoin: What is it, in Plain English
Replies: 116
Views: 20036

Re: Bitcoin: What is it, in Plain English

Imagine if someone bought $100 worth when this thread started