Search found 498 matches

by hightower
Wed Sep 19, 2018 6:30 am
Forum: Personal Finance (Not Investing)
Topic: Student Loan Debt Repayment
Replies: 34
Views: 1391

Re: Student Loan Debt Repayment

I would ditch the townhouse and use the proceeds to pay a chunk of your student loans. That property hasn't increased in value much since you bought it. It's probably not earning you much in actual profits either. The housing market is in a bit of a bubble at the moment in my opinion. I would sell i...
by hightower
Fri Sep 14, 2018 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Job burnout - Keep grinding or change?
Replies: 57
Views: 5510

Re: Job burnout - Keep grinding or change?

And do understand that all the people encouraging you to make a change , find a lower paying job which is more satisfying etc. won’t be around to help you financially when you have a left a secure well paying job for another that does not work out. They will still keep saying all sorts of positive ...
by hightower
Fri Sep 14, 2018 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Job burnout - Keep grinding or change?
Replies: 57
Views: 5510

Re: Job burnout - Keep grinding or change?

Definitely make a change if you're burnt out. It doesn't have to be drastic though. Even a slight change can have big impacts on your happiness. I went through this several years ago. The changes I made were to the types of shifts I was working and the amount of work overall (I'm a physician). I als...
by hightower
Fri Sep 14, 2018 10:02 am
Forum: Personal Consumer Issues
Topic: Can only take (1) DSLR lens..which one?
Replies: 27
Views: 680

Re: Can only take (1) DSLR lens..which one?

It's always a tough call on which lens to bring. I just did a 2 week trip through Germany and Austria in June. I wanted to pack very light (just one back pack total) so I choose to bring only a 27mm pancake lens on my Fujifilm XT-2. It was a good choice in terms of packing light. I felt that the len...
by hightower
Thu Sep 13, 2018 2:13 pm
Forum: Personal Consumer Issues
Topic: Vacation to San Francisco, Yosemite, Sequoia
Replies: 32
Views: 1385

Re: Vacation to San Francisco, Yosemite, Sequoia

My family of five (kids ages 18,15,12) are currently planning a trip to San Francisco for end of May/early June 2019. I've only been to Southern Cal areas so my knowledge is limited. We will be flying into San Francisco and will have about 10-12 days to visit. Obviously we'll do several days in the...
by hightower
Thu Sep 13, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Fiancee
Replies: 108
Views: 9959

Re: Massive Student Loan Debt - Fiancee

" I love her, but I agonize about our future. How much of a red flag should this be? If the PSLF program were to fail, it seems paying back the debt would be insurmountable It's not all that bad IMO. She has some good earning potential and that level of debt is very doable IMO. I would refinance and...
by hightower
Mon Sep 10, 2018 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Mold in house and insurance won't cover - options?
Replies: 29
Views: 3784

Re: Mold in house and insurance won't cover - options?

How to deal with mold?

Bleach in a spray bottle
Fix humidity issue
by hightower
Sun Sep 09, 2018 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else playing catch-up in their 40's?
Replies: 68
Views: 7141

Re: Anyone else playing catch-up in their 40's?

It seems most of the ppl here started saving diligently in their 20's or 30's....are there others here who didn't "wake up" like me until they were in their 40's or beyond? Just curious. My rough timeline playing catch-up.... 20's - 0 savings 30's - very minimal 401k savings 40's - maxing all (401k...
by hightower
Mon Aug 27, 2018 6:53 am
Forum: Personal Finance (Not Investing)
Topic: I still use cash not credit cards should I reconsider?
Replies: 102
Views: 7761

Re: I still use cash not credit cards should I reconsider?

The real problem with cash is that it's becoming increasingly less convenient to use as prices rise over time (inflation over the long term). For example, getting back change (coins) is just a nuisance nowadays, whereas 50 years ago coins were actually very useful. The $11 that I spent on lunch the...
by hightower
Mon Aug 27, 2018 6:42 am
Forum: Personal Finance (Not Investing)
Topic: I still use cash not credit cards should I reconsider?
Replies: 102
Views: 7761

Re: I still use cash not credit cards should I reconsider?

I'm in my mid 50s. I work make a decent living. Same with DW. Every 7-10 days or so I grab $3-$400 from the atm. That's how I spend money. I have credit cards and only use them if for travel or if I'm in a pinch. DW uses her credit card for everyday items. Perhaps it's a phobia of sorts but I feel ...
by hightower
Thu Aug 16, 2018 7:28 am
Forum: Investing - Theory, News & General
Topic: Very confused with the current market
Replies: 112
Views: 12932

Re: Very confused with the current market

show me the 80 years bull? 1990-2000-2008 all most every ten years Well, if you just look at the start and the finish (1990 to 2018), the market did nothing but go up. It's all about perspective and how long you stay invested. The overall trend is that given enough time the market ALWAYS goes up. T...
by hightower
Thu Aug 16, 2018 7:22 am
Forum: Personal Consumer Issues
Topic: Chevy Volt for Commute
Replies: 24
Views: 2305

Re: Chevy Volt for Commute

You've got a lot of choices for PHEV. Chevy Volt - Small trunk, middle seat has no leg space Honda Clarity - Even smaller trunk due to being a sedan Toyota Prius Prime - No 5th seat, EV range only 26 miles BMW i3 - Ridiculously expensive, no 5th seat There's also the Mitsubishi Outlander SUV, Chrys...
by hightower
Thu Aug 16, 2018 7:21 am
Forum: Personal Consumer Issues
Topic: Chevy Volt for Commute
Replies: 24
Views: 2305

Re: Chevy Volt for Commute

Dude, get the Bolt. The volt is silly because you end up having to charge it daily and you're just lugging around a gas motor for no reason other than to try to avoid using it. My brother in law has one and says all the time he wishes he would have waited for the Bolt. The bolt has over 250 miles of...
by hightower
Thu Aug 16, 2018 7:15 am
Forum: Investing - Help with Personal Investments
Topic: Octogenarian father in law's idea of balance: AAPL + CASH
Replies: 35
Views: 3542

Re: Octogenarian father in law's idea of balance: AAPL + CASH

Hi— Long time lurker first time poster. Thank you to all who have contributed to my education here, absolutely invaluable. I'm writing about my mother and father in law's finances, which I am slowly taking over at their request. FINANCIAL PICTURE Savings $425k in various super low interest checking...
by hightower
Wed Aug 15, 2018 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 162
Views: 10616

Re: Take auto loan 0.9% if I can afford cash?

I would . . . and did back in late 2016 when I bought my Subaru Outback. Make sure you understand the terms of the loan (no pre-payment penalty, etc.) but if the loan rate is lower than what you'd easily earn on a FDIC (or NCUA) insured account (let alone a bond fund), I'd rather keep my cash worki...
by hightower
Wed Aug 15, 2018 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 162
Views: 10616

Re: Take auto loan 0.9% if I can afford cash?

If you're asking if I would take the loan the answer is no. If you can afford to pay cash, just pay cash and be done with it. The "math" only works if you make a dangerous assumption. You are assuming you can definitely invest the cash and make more money then the interest of the car loan would cost...
by hightower
Tue Aug 14, 2018 3:09 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1051
Views: 82170

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Agree that no one knows what the future holds. International could outperform everything in the years to come, who knows. FWIW, I don't personally feel particularly inclined to hold much in international. I keep just 10% in my portfolio. Lately I've been glad that I don't own more the way it's been ...
by hightower
Fri Aug 03, 2018 12:19 pm
Forum: Personal Consumer Issues
Topic: Hiking vacation in November - any recomendations?
Replies: 35
Views: 2112

Re: Hiking vacation in November - any recomendations?

Hi - I have three vacation days left to spend in 2018 and I was thinking of taking the three days before Thanksgiving so it works into a week off. I'd like to go somewhere hiking, ideally a central location with different day hikes close by (I can rent a car). I was thinking of staying in the US th...
by hightower
Fri Aug 03, 2018 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Car price ratio to NW
Replies: 68
Views: 2951

Re: Car price ratio to NW

I go by the "Less than 20% of gross income rule" and pay CASH only For someone who makes 100k/yr, they should be spending no more than 20k on a car purchase. I don't remember where I first heard this one, but it seems reasonable to me to prevent stupid car purchases. For instance, my brother in law ...
by hightower
Fri Jul 27, 2018 1:46 pm
Forum: Personal Consumer Issues
Topic: Suggest an electric car: Volt? Alternative?
Replies: 49
Views: 4081

Re: Suggest an electric car: Volt? Alternative?

2008 GTI has an oil gasket leak in timing chain cover, mechanic says could be up to $1500 to fix depending on labor/what's under the cover. Apparently laborious. Car worth about $7k, so no. Use: commuter car only, 25 miles round trip M-F. Minimal weekend use. Maybe will be passed onto kids in 5 yea...
by hightower
Fri Jul 27, 2018 7:15 am
Forum: Investing - Theory, News & General
Topic: Facebook stock in freefall! (20% drop in 1-day)
Replies: 120
Views: 11168

Re: Facebook stock in freefall! (20% drop in 1-day)

The FB messenger is still a handy way to get a hold of some people and for arranging invites to a small group event. The best parts of FB seem to have migrated over to Instagram. More than a handful of people I was connected to have deleted their account or just abandoned using it. The novelty of F...
by hightower
Fri Jul 27, 2018 7:13 am
Forum: Investing - Theory, News & General
Topic: Facebook stock in freefall! (20% drop in 1-day)
Replies: 120
Views: 11168

Re: Facebook stock in freefall! (20% drop in 1-day)

FB's drop yesterday is a great example of why investing broadly is such a winning strategy. Despite FB being a large part of the index funds I invest in (VTSAX for instance), it had very minimal impact on my portfolio yesterday. In fact, mine went up slightly due to rises in REITs, Small Caps, and M...
by hightower
Sat Jul 14, 2018 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: VTSAX vs. Fidelity Freedom Index Fund
Replies: 11
Views: 1567

Re: VSTAX vs. Fidelity Freedom Index Fund

Wow, that's quite a "gift" someone gave you. You just won the lottery IMO. If I were you, 21 years old with 100k in hand, I would take that 100k, open a taxable brokerage account at Vanguard, put 100% of it into VTSAX and forget about it for the next 45 years. If you get even 7% percent average grow...
by hightower
Tue Jul 10, 2018 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: 30 Year vs 15 Year Mortgage
Replies: 79
Views: 4903

Re: 30 Year vs 15 Year Mortgage

It sounds like the general consensus is that we should go with a 30 year mortgage. Pay off as a 15 year, the extra interest is simply a penalty for flexibility. What about the idea of paying it over 30 years and putting the difference of what a 15 year payment would be into a taxable investment acc...
by hightower
Thu Jul 05, 2018 3:43 pm
Forum: Personal Consumer Issues
Topic: What time do you get up in the morning?
Replies: 138
Views: 9707

Re: What time do you get up in the morning?

Usually between 6-7. But, the more important thing is to get up after a full 7-9 hours of sleep! And be consistent with it. Adequate sleep is vital to life.
by hightower
Wed Jul 04, 2018 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: What’s your plan for a market downturn?
Replies: 114
Views: 10122

Re: What’s your plan for a market downturn?

Hello. First post, and I was just wondering if anyone has put any plans in place already for the long-predicted downturn. Do you know what you’re going to do when it happens? I realise that it’s basically impossible to predict when a prolonged dowturn is going to happen — some clever economists are...
by hightower
Wed Jul 04, 2018 11:18 am
Forum: Personal Consumer Issues
Topic: hybrid or plug-in electric car
Replies: 70
Views: 4190

Re: hybrid or plug-in electric car

I drive about 5200 miles per year, generally no more than 20 miles per day, and avoiding highways nearly all the time. For climate change reasons, trying to decide whether to buy a new plug-in, and possibly put some solar panels on my roof to make it a solar car, or go with a hybrid. I like the ide...
by hightower
Wed Jul 04, 2018 11:13 am
Forum: Investing - Theory, News & General
Topic: Can you just hold VOO VTI and call it a day?
Replies: 10
Views: 1180

Re: Can you just hold VOO VTI and call it a day?

Sure, you CAN do this if you want. But, it doesn't make much sense to hold both VOO (S&P 500) and VTI (Total Stock Market). VTI holds a lot of the same stocks as VOO, so you're being a bit redundant with using both. I would just use VTI and "call it a day" if you wanted to have a simple portfolio th...
by hightower
Sun Jul 01, 2018 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Just joined the workforce with $400k in student debt: can you review my financial plan?
Replies: 14
Views: 2517

Re: Just joined the workforce with $400k in student debt: can you review my financial plan?

I would probably open a Roth IRA and put the max into that each year (5500). Any additional funds left over I would just hold on to as a form of an EF (which it sounds like you want to do anyway with the 3k). That will give you a head start when you start working as an attending and are ready to fin...
by hightower
Sat Jun 30, 2018 4:32 pm
Forum: Personal Consumer Issues
Topic: Can I buy a Tesla?
Replies: 108
Views: 8123

Re: Can I buy a Tesla?

I have a tesla model three reservation and I was recently invited to configure the car. I wanted to know if bogleheads think it is wise given my financial situation. My anticipated gross income for 2018 will be about 250,000. I anticipate gross income for 2019 will be about 400,000. My current net ...
by hightower
Thu Jun 28, 2018 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 345
Views: 34802

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

MD. Specialty Surgeon. Would not recommend going to medical school. Way too costly and way too much time. If you don't like it after many years, you will be trapped. How many times have you met someone in a different career that used to be a doctor? Career rapidly changing for the worse. None of my...
by hightower
Thu Jun 28, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 345
Views: 34802

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

Physician here Don't love it. Don't totally hate it either. I'm certainly very thankful to have such a good job with great income. But, I do feel if I had to do it all over again I'd choose differently. For me it's just not a great fit for my personality, which I didn't know anything about when I wa...
by hightower
Thu Jun 28, 2018 1:38 pm
Forum: Personal Consumer Issues
Topic: Airbnb - cleaning fee, service fee, occupancy fee....???
Replies: 81
Views: 6968

Re: Airbnb - cleaning fee, service fee, occupancy fee....???

My wife runs an Airbnb room in the back of our house. She sets the price/night and the cleaning fee. The price per night is actually based on a recommendation by airbnb based on what our local market is doing, though she can override it if she wants. The cleaning fee is there because she has to spen...
by hightower
Sun Jun 10, 2018 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: 35 and Need Help With Building Wealth
Replies: 55
Views: 7059

Re: 35 and Need Help With Building Wealth

I would highly recommend you read some material on picking a portfolio. Yours needs to be simplified IMO. It is WAY too complicated and really doesn't make any sense. 1% in each year target retirement fund is not how those are meant to work. You pick just one, based on the year you think you'll wan...
by hightower
Sun Jun 10, 2018 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Next Steps for Single 34 Year Old with Savings and Roth IRA (VASGX)
Replies: 37
Views: 3318

Re: Next Steps for Single 34 Year Old with Savings and Roth IRA (VASGX)

Just a small comment about your mention of "no debt other than a small car payment." You have debt if you have a car loan. The reason I feel compelled to point this out is because too often in today's society people view car debt as acceptable. It is not. Don't get sucked into the trap of thinking t...
by hightower
Sun Jun 10, 2018 11:12 am
Forum: Investing - Help with Personal Investments
Topic: 35 and Need Help With Building Wealth
Replies: 55
Views: 7059

Re: 35 and Need Help With Building Wealth

As far as diversity is concerned, the bulk of my investing is held in my 401k. I assume that counts. I try to keep diversification in mind, so here is my current 401k allocation (I set these myself): NUVEEN WIN LGCP GR I (40%) WM BLAIR SMMIDCP GR (15%) FID 500 INDEX IPR (13%) ICM SM CO INST (10%) V...
by hightower
Sat Jun 09, 2018 9:36 pm
Forum: Investing - Help with Personal Investments
Topic: 35 and Need Help With Building Wealth
Replies: 55
Views: 7059

Re: 35 and Need Help With Building Wealth

Congrats on working hard to increase your income and doing so in creative ways. You say you want to build wealth as quickly as possible? Ok, sure, everyone wants to do that. But make sure you have a plan that is both sound and sustainable for the long haul. Why REITs? Are you going for 100% REIT por...
by hightower
Thu Jun 07, 2018 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Too much cash. Not sure what to do with it
Replies: 6
Views: 1379

Re: Too much cash. Not sure what to do with it

I'd place it in a taxable brokerage account and invest in something simple like Vanguard Total Stock Market (VTSAX). Without knowing what kind of expenses you have, I can't comment on how much of an E-Fund you need, but with 200k in a taxable, I'd argue that would probably be good enough for an efun...
by hightower
Thu Jun 07, 2018 6:49 am
Forum: Personal Consumer Issues
Topic: What commuter car provides the best long term financial value?
Replies: 84
Views: 7209

Re: What commuter car provides the best long term financial value?

I commute about 500 miles a week, or about 24,000 per year and am looking for a car that will get me to work and back for the cheapest total cost over it's lifetime (including gas, repairs, depreciation, purchase price, etc). The only thing I'd hesitate on is something much smaller than the Chevy S...
by hightower
Wed Jun 06, 2018 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Please Help, Huge Decision
Replies: 26
Views: 4478

Re: Please Help, Huge Decision

I'm 30, I invest with Vanguard. I have a 403b through work that is a Target Date 2055 Fund. I have a Roth IRA capped at $5500 that is 100% VFINX. I have $10,000 sitting in my Money Market (Management?) Account and I need it to be allocated to something! I want the money to be accessible in approxim...
by hightower
Wed Jun 06, 2018 5:12 pm
Forum: Personal Consumer Issues
Topic: Need advice on 1st international vacation
Replies: 106
Views: 6880

Re: Need advice on 1st international vacation

My first european vacation was to the UK. We drove around Ireland following Rick Steve's guidebooks for about a week, then went over to London for another week after that. It was an incredible trip. I highly recommend Rick Steves and follow his recommendations religiously. He'll save you money, keep...
by hightower
Wed Jun 06, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Expensive house in HCOL area
Replies: 70
Views: 6949

Re: Expensive house in HCOL area

This sort of thread is becoming very common these days on here and over at WCI. People are way over-extending themselves on home purchases and rightfully feeling very nervous about it, so they make threads like this hoping to get consolation from the masses. There's no debating this...a 1.3+ millio...
by hightower
Wed Jun 06, 2018 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Expensive house in HCOL area
Replies: 70
Views: 6949

Re: Expensive house in HCOL area

This sort of thread is becoming very common these days on here and over at WCI. People are way over-extending themselves on home purchases and rightfully feeling very nervous about it, so they make threads like this hoping to get consolation from the masses. There's no debating this...a 1.3+ million...
by hightower
Sun Jun 03, 2018 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Can a physician work in tech while practicing as well?
Replies: 57
Views: 4215

Re: Can a physician work in tech while practicing as well?

Don't know what specialty you're going into, but I don't see working full time as a new attending physician and picking up another degree at the same time and trying to start a side business/career as being very doable. Could you work part time and do it? Maybe. But, you will have no time for anythi...
by hightower
Sun Jun 03, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Profile: The Road to 1Million USD
Replies: 42
Views: 8725

Re: Profile: The Road to 1Million USD

Hello everyone, I am 27 yr old male, single, working in the US. Stats: Yearly Income (Projected): ~$71,500 (maybe 72K depending on if I sell my company stock end of each quarter ) No debt EDIT: Finished paying it off last month, my SR has jumped it because of it. NW: ~17,300 Savings (Ally savings @...
by hightower
Sat Jun 02, 2018 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Have $2.5M at 30, career advice needed
Replies: 49
Views: 5629

Re: Have $2.5M at 30, career advice needed

I'm in a unique position financially and there's not a lot of people I feel like I can talk to about the topic. Any advice is appreciated. I'm 30, live in Bay Area (a very HCOL area), with a net worth of about 2.5M (500k IRA + 401k, 2M in house, $100k cash). Mortgage on a 2.4M house out of which 2M...
by hightower
Sat Jun 02, 2018 8:36 am
Forum: Investing - Help with Personal Investments
Topic: If I began investing at 22 by maxing my 401K, how much would I have today?
Replies: 17
Views: 2194

Re: If I began investing at 22 by maxing my 401K, how much would I have today?

I think it's a useful exercise for people first starting out. When I first started to pay attention to money/investing/personal finance, I did a similar thing and ran some numbers of where I could have been had I paid off my student loans earlier, not bought a house when I did/bought a cheaper house...
by hightower
Sat May 26, 2018 9:57 am
Forum: Personal Consumer Issues
Topic: Hawaii vacation suggestions
Replies: 40
Views: 5180

Re: Hawaii vacation suggestions

I'm just now booking my first trip to the Islands in March of 2019. I'll be on the big island for 6 days and then 4 days on Maui. I am a fan of outdoor stuff... Hiking up to 20 miles a day, I tired surfing on the west coast a few times(but I stick to snow sports now) Scuba diving, running, cycling,...
by hightower
Sat May 26, 2018 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Do I pay towards my mortgage or invest?
Replies: 45
Views: 4940

Re: Do I pay towards my mortgage or invest?

Hi everyone, I got a good tax refund this year - a little over $10k. I have a mortgage of $480k @ 3.875% (30 yr fixed). I am thinking about putting this 10k towards the mortgage, and from my calculations, I save about 20k in interest over 30 years. Other options are - build a deck, take care of som...
by hightower
Tue May 22, 2018 5:36 pm
Forum: Personal Consumer Issues
Topic: Babymoon - Hawaii Recommendations/Expected Costs
Replies: 27
Views: 2039

Re: Babymoon - Hawaii Recommendations/Expected Costs

Wife and I will be having our first baby in November. We are looking to do our "babymoon" in Hawaii and are looking for suggestions and estimated costs for it. It will be my wife's first time going to Hawaii and all she really is wanting to do is relax/enjoy the beach and maybe do a spa item. I hav...