Search found 450 matches

by TheHouse7
Tue Jan 22, 2019 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.
Replies: 127
Views: 9076

Re: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.

I think a lot can be over estimated. Older folks get into a "nice" long term care situation (5k per month). Then they move to the bottom floor for 24 hour care (10k per month). Then after years of luxurious living on the bottom floor, s/he passes and you realize you get a 1/4 of what little assets w...
by TheHouse7
Mon Jan 21, 2019 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: Saving for 1-2 years rather than for a lifetime
Replies: 75
Views: 6162

Re: Saving for 1-2 years rather than for a lifetime

If you are under 50 why at all bother with lifetime saving? Why not save for 1-2 years of expense and live a less saving-driven life? Yes, things might go south but you CAN and you WILL handle it. Thoughts? I mean, I could probably handle working until I die, but why would I do such a thing when I ...
by TheHouse7
Mon Jan 21, 2019 9:22 pm
Forum: Personal Consumer Issues
Topic: Gas station prices and quality
Replies: 116
Views: 10323

Re: Gas station prices and quality

I deal with fuel additives on a weekly basis, the refinery pays me a lot to make sure 20.16 gallons of chemical is evenly distributed over a shippment of 13,400,000 gallons. If I don't treat the fuel it won't meet specifications, resulting in 1.5 to 2.5 million dollars in product value lost. Corrosi...
by TheHouse7
Sun Jan 20, 2019 10:55 am
Forum: Investing - Theory, News & General
Topic: So when do you sell?
Replies: 27
Views: 2652

Re: So when do you sell?

My goal is to avoid the rice paddy to rice paddy in three generations curse, and also the five generation immigrant reversion to the mean: 1st gen - hardworking immigrant/labor 2nd gen - merchant/small business owner 3rd gen - professional/corporate 4th gen - artist/bohemian 5th gen - labor Well sa...
by TheHouse7
Sat Jan 19, 2019 12:28 am
Forum: Personal Finance (Not Investing)
Topic: How much money did you receive from family? (Gifts/inheritance)
Replies: 122
Views: 12944

Re: How much money did you receive from family? (Gifts/inheritance)

I received $50k from my Mom at 26.
I thank God she got to meet my wife to be before she passed away.
We used the funds for our house down payment.
All she ever wanted was to own her home mortgage free. We owned ours 3 years after she passed away. :beer
by TheHouse7
Wed Jan 16, 2019 11:31 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 853
Views: 45125

Re: John Bogle has died at age 89

Rest In Peace. I will be forever grateful for your contribution to the mutual fund industry. :beer
by TheHouse7
Wed Jan 16, 2019 6:48 pm
Forum: Investing - Theory, News & General
Topic: 2019 Boglehead Contest Charts
Replies: 3
Views: 468

Re: 2019 Boglehead Contest Charts

Awesome way to encourage participation, what happened last year? :beer
by TheHouse7
Wed Jan 16, 2019 4:34 am
Forum: Personal Finance (Not Investing)
Topic: Amazon Rewards Visa -- predatory lending?
Replies: 38
Views: 4365

Re: Amazon Rewards Visa -- predatory lending?

I'd like to thank everyone who responded. I can't believe I had such a fundamental misunderstanding of how credit cards work. I've just never experienced this because I never carry over a balance. Also, before about 18 months ago my only credit card was a German one that works quite differently fro...
by TheHouse7
Wed Jan 16, 2019 4:18 am
Forum: Investing - Help with Personal Investments
Topic: I’m 30 and recently debt free and new to investing
Replies: 18
Views: 2084

Re: I’m 30 and recently debt free and new to investing

Thank you for the helpful responses. With your advice I have wittled down to 2 portfolio options that seem to be diversified that I am feeling comfortable with. I’m leaning toward portfolio 2 as I feel like it encompasses the whole pie with less risk assessed that I’ll have no urge to mess with it ...
by TheHouse7
Wed Jan 16, 2019 4:12 am
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 162
Views: 8699

Re: Getting a Mortgage when You can Pay Cash for a House

Buy with cash, the bank is unnecessary friction.

The OP is evidently in a great financial position.

That usually means it is unnecessary to take additional risk (transaction cost + alternative investment risk).
by TheHouse7
Sun Jan 13, 2019 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: I know market timing is a fool's game but...
Replies: 59
Views: 4740

Re: I know market timing is a fool's game but...

You need an asset allocation for all possible outcomes, not just the next 2 years.
by TheHouse7
Sun Jan 13, 2019 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: I’m 30 and recently debt free and new to investing
Replies: 18
Views: 2084

Re: I’m 30 and recently debt free and new to investing

Thank you for the helpful responses. With your advice I have wittled down to 2 portfolio options that seem to be diversified that I am feeling comfortable with. I’m leaning toward portfolio 2 as I feel like it encompasses the whole pie with less risk assessed that I’ll have no urge to mess with it ...
by TheHouse7
Fri Jan 11, 2019 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Under $100k Avg Annual Income Millionaires and How You Did It?
Replies: 117
Views: 13985

Re: Under $100k Avg Annual Income Millionaires and How You Did It?

This thread is an inspirational one. It's been a good read. I'd like to hear from the parents here. Average cost of raising a kid in the US is $2k/month. With daycare in a high COLA area, earning less than $100k and saving sufficiently to eventually net over a millionaire has got to be a struggle. ...
by TheHouse7
Tue Jan 08, 2019 8:15 am
Forum: Personal Finance (Not Investing)
Topic: What does 1 million @Vanguard get you ?
Replies: 35
Views: 7049

Re: What does 1 million @Vanguard get you ?

sergeant wrote:
Tue Jan 08, 2019 12:39 am
Not much, I don't need much. Low-cost funds and reliable service which I require about once a decade is all I require. Also, that interest rate is yearly not monthly.
You give me hope that I might retire with a 50k cost of living. :beer
by TheHouse7
Tue Jan 08, 2019 8:12 am
Forum: Personal Finance (Not Investing)
Topic: What does 1 million @Vanguard get you ?
Replies: 35
Views: 7049

Re: What does 1 million @Vanguard get you ?

I think at Vanguard, your landing page has a different boat on it. At Fidelity, that gives you Private Client status. That gets you a specific advisor for you to ignore and it gets you free turbo tax. I'm a Fidelity PC and have made use of the free Turbo Tax. I've been so good at ignoring my PC adv...
by TheHouse7
Sun Jan 06, 2019 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone affected by the government shutdown?
Replies: 35
Views: 3014

Re: Anyone affected by the government shutdown?

Sorry about my ignorance, once the shutdown is over won't everyone get paid in full for "working for free"?

I would think unemployment would pay out for this situation.

In the meantime consider other options while waiting for your job back. Spend time with family and focus on your health. :|
by TheHouse7
Sun Jan 06, 2019 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Are we at "Peak FI"?
Replies: 93
Views: 9891

Re: Are we at "Peak FI"?

The only way anyone would consider true FI is being part of a few that can truly control thier costs under any economic condition. I think cheap and easily accessible lending will always temp the majority to accept more risk than they can handle. I think u.s. is already past previous debt levels bef...
by TheHouse7
Sun Jan 06, 2019 4:25 pm
Forum: Personal Consumer Issues
Topic: Strategies to combat or justify lifestyle creep
Replies: 91
Views: 7139

Re: Strategies to combat or justify lifestyle creep

Here are the strategies I use: be thankful that I am healthy and employed, and able to earn so much! Then, I designate a significant portion of each raise and bonus to savings AND giving. A small remaining % is splurge money, that I have a lot of fun spending and feel good about since I put my othe...
by TheHouse7
Sun Jan 06, 2019 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Do you take inheritance into account when calculating net worth?
Replies: 68
Views: 4513

Re: Do you take inheritance into account when calculating net worth?

No, no body knows when they will die, act and account accordingly.
by TheHouse7
Sun Jan 06, 2019 1:26 pm
Forum: Personal Consumer Issues
Topic: USAA apology letter?
Replies: 42
Views: 6093

Re: USAA apology letter?

Not sure if this is perhaps one of the issues, but I was very turned off when calling in. After being placed on hold for a time, I would get a human that would ask me 37 questions, then we would get down to business of why I called. When I would elect to do something, such as change a policy or ope...
by TheHouse7
Sun Jan 06, 2019 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: All the Vanguard funds I wanted are closed to new investors :(
Replies: 15
Views: 2564

Re: All the Vanguard funds I wanted are closed to new investors :(

Vanguard November 19, 2018 announcement. "Our index funds changed investing forever. Now we’re making them even better." https://investornews.vanguard/our-index-funds-changed-investing-forever-now-were-making-them-even-better/ Mega-thread starts here "Vanguard lowering Admiral level to $3,000?" htt...
by TheHouse7
Fri Jan 04, 2019 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: How to afford a sports car?
Replies: 128
Views: 8947

Re: How to afford a sports car?

Have you talked to your friends about this? I have kids your age and they wouldn't be caught dead posting on Bogleheads.org. :) No kidding. I was thinking of OP finding a significant other that can more than double your income with a great passion for racing. Consider a 4 year old low miles sports ...
by TheHouse7
Fri Jan 04, 2019 12:52 pm
Forum: Investing - Theory, News & General
Topic: Traditional 401K vs Roth 401k
Replies: 60
Views: 3568

Re: Traditional 401K vs Roth 401k

I've read many comparisons and like financial samari's summary the best. If you can figure out that you will have more than 2+ mil in traditional(most people will not) then you should figure out how to pay the least tax you can to get Roth. you mean https://www.financialsamurai.com/the-only-reasons...
by TheHouse7
Fri Jan 04, 2019 12:05 pm
Forum: Investing - Theory, News & General
Topic: Traditional 401K vs Roth 401k
Replies: 60
Views: 3568

Re: Traditional 401K vs Roth 401k

I've read many comparisons and like financial samari's summary the best. If you can figure out that you will have more than 2+ mil in traditional(most people will not) then you should figure out how to pay the least tax you can to get Roth.
by TheHouse7
Thu Jan 03, 2019 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Intro. & Monthly Food Expenses
Replies: 32
Views: 1853

Re: Intro. & Monthly Food Expenses

Thank you so much to all for the replies and input. I am going to try to post our financial situation in a separate post now to give more perspective. For the record, when we eat out, it usually is two meals for the each of us. Can't seem to get more out of it than that. Sometimes it's only good fo...
by TheHouse7
Wed Jan 02, 2019 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Tithing by Proxy (Legal Tax Avoidance?)
Replies: 32
Views: 1612

Re: Tithing by Proxy (Legal Tax Avoidance?)

POINT TAKEN!! THIS IS ILLEGAL DON'T DO IT Don't take it personally. There are a number of posters who come out of the woodwork to criticize legality questions. Hilariously, one of the quickest to accuse/lecture you is named "Good Listener" -- who didn't listen well enough to see your clear statemen...
by TheHouse7
Wed Jan 02, 2019 4:33 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4061
Views: 1103204

Re: What Movie Have You Recently Watched?

bengal22 wrote:
Wed Jan 02, 2019 3:01 pm
TheHouse7 wrote:
Wed Jan 02, 2019 12:59 pm
3:10 to Yuma

Best "new" Western
I liked the "old" 3:10 to Yuma better. It starred Glenn Ford.
I'll have to check it out!
by TheHouse7
Wed Jan 02, 2019 12:59 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4061
Views: 1103204

Re: What Movie Have You Recently Watched?

3:10 to Yuma

Best "new" Western
by TheHouse7
Wed Jan 02, 2019 12:56 pm
Forum: Personal Consumer Issues
Topic: Your ideal home size
Replies: 130
Views: 8300

Re: Your ideal home size

Currently 1,650 sqft 3bed 1.75bath rambler with two car garage and shed.

3 person family +1 dog

Large back yard, small front yard(I would like to gravel).

SAHM wants chickens and land to keep away neighbors.

I don't want to move again unless I have to.
by TheHouse7
Tue Jan 01, 2019 3:54 pm
Forum: Personal Consumer Issues
Topic: Tips on preventative home maintenance?
Replies: 43
Views: 4670

Re: Tips on preventative home maintenance?

Smorgasbord wrote:
Sun Dec 30, 2018 10:09 am
TheHouse7 wrote:
Thu Dec 27, 2018 11:47 pm
Clean your dryer vent out every 6 months. :beer
Following up on that, I'd also suggest spending a few bucks and replace any flexiduct tubing with smooth aluminum ducting.
Thank you, will do.
by TheHouse7
Fri Dec 28, 2018 4:47 pm
Forum: Personal Consumer Issues
Topic: Saving at Costco
Replies: 109
Views: 8119

Re: Saving at Costco

I try to go only 2 times a month and less than $150 per trip. Trying to limit our consumption of uncured center cut bacon. :greedy
by TheHouse7
Fri Dec 28, 2018 12:11 am
Forum: Personal Consumer Issues
Topic: That Extravagant Thing You Do
Replies: 407
Views: 58195

Re: That Extravagant Thing You Do

$1,500 on task/ office chairs thinking they will last 10+ years :)
by TheHouse7
Thu Dec 27, 2018 11:47 pm
Forum: Personal Consumer Issues
Topic: Tips on preventative home maintenance?
Replies: 43
Views: 4670

Re: Tips on preventative home maintenance?

Clean your dryer vent out every 6 months. :beer
by TheHouse7
Thu Dec 27, 2018 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Will I be renting forever?
Replies: 44
Views: 3134

Re: Will I be renting forever?

Rent is not throwing money away. Contribute by taking care of the most you can. Find purpose in the position God has placed you in. Seasons change, I will pray you stay patient. My mom prayed for ownership the last ten years of life (always rented), died of als at 64, we paid off our house 3 years l...
by TheHouse7
Thu Dec 27, 2018 1:27 pm
Forum: Personal Consumer Issues
Topic: How much do you pay for cable/internet/cellphone
Replies: 95
Views: 5734

Re: How much do you pay for cable/internet/cellphone

$54 for 1 line 2 gig Verizon. Trying to cut that down. :greedy
by TheHouse7
Thu Dec 27, 2018 1:23 pm
Forum: Personal Consumer Issues
Topic: Ticket for speeding
Replies: 66
Views: 5366

Re: Ticket for speeding

Don't mean to be a creep OP, where you or your wife made the infraction will dramatically change the actions recommend on this forum.
by TheHouse7
Wed Dec 26, 2018 9:49 pm
Forum: Investing - Theory, News & General
Topic: QE, massive crash, Dow 3000?
Replies: 39
Views: 5809

Re: QE, massive crash, Dow 3000?

livesoft wrote:
Wed Dec 26, 2018 9:31 pm
AlohaJoe wrote:
Wed Dec 26, 2018 9:18 pm
3.5 years later and we still haven't seen a whisper of it. He hasn't been right about a single prediction in his entire career. I'm not sure why you think he has anything of value to say now.
Thanks for doing all that research and wasting your time. I appreciate it. :)
+1
by TheHouse7
Wed Dec 26, 2018 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Working Holidays for extra money.
Replies: 64
Views: 4561

Re: Working Holidays for extra money.

My wife takes care of our son and doesn't like me working on holidays. Even at 2.5x.

I take as much work as I can get, as long as I'm home for dinner.

We have agreed that I should try to have one day off a week and be home by 5pm.

(550 hours of overtime per year)
by TheHouse7
Tue Dec 25, 2018 9:26 pm
Forum: Investing - Theory, News & General
Topic: What have you learned this year
Replies: 90
Views: 6886

Re: What have your learned this year

Financial: I need to spend more time finding skills/other job opportunity if I lose my job.

Personal: I learned to clean out my dryer vent every 6 months.
by TheHouse7
Mon Dec 24, 2018 10:47 am
Forum: Investing - Theory, News & General
Topic: When did the musicians on the titanic realize their fate?
Replies: 132
Views: 9767

Re: When did the musicians on the titanic realize their fate?

I think there was perceptible fear on this site in late 2008 and 2009 and many started rationalizing their fears and potentially changing/altering strategies with posts like maximum tolerated losses (https://www.bogleheads.org/forum/viewtopic.php?t=30085). This is true. There is palpable fear on th...
by TheHouse7
Tue Dec 18, 2018 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Opening my first Roth IRA what should I know/tips
Replies: 5
Views: 481

Re: Opening my first Roth IRA what should I know/tips

Keep it simple ASAP 1. automate what you can contribute on a monthly basis (I'm still working with that because of a flexible income.) 2. If your only working with tax advantaged space, consider putting your highest risk/reward investment to fill your Roth for the maximum possible growth rate. 3. Th...
by TheHouse7
Tue Dec 18, 2018 3:56 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10165
Views: 1790215

Re: U.S. stocks in free fall

I TLH'ed today in my taxable account. Also, my company 401k match used to be alongside every contribution I made. At some point they switched to a bulk contribution once at the end of the year. This year I'm finally happy with that approach. Unless you miss the dip of course. :wink: Doh, you are ri...
by TheHouse7
Tue Dec 18, 2018 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: Bond for a 100% Equity Investor?
Replies: 31
Views: 1869

Re: Bond for a 100% Equity Investor?

You don't want bonds at your age.. Wish someone would have told me that when I was 30 I'm (31) happy I read so much on this site about 100% stock investors. I like to think I might have a chance of sticking with one strategy instead of always thinking about changing my AA. I am sticking with 80/20....
by TheHouse7
Tue Dec 18, 2018 3:33 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10165
Views: 1790215

Re: U.S. stocks in free fall

telecaster wrote:
Tue Dec 18, 2018 3:31 pm
I TLH'ed today in my taxable account.

Also, my company 401k match used to be alongside every contribution I made. At some point they switched to a bulk contribution once at the end of the year. This year I'm finally happy with that approach.
Unless you miss the dip of course. :wink: