Search found 70 matches

by drgenefish
Sat Mar 14, 2020 2:29 pm
Forum: Personal Investments
Topic: Great time to tap RE equity to buy more stocks!?
Replies: 18
Views: 1064

Re: Great time to tap RE equity to buy more stocks!?

I would cash flow the renovations and use your income to invest in stocks. So no to both for me personally. Why add unnecessary risk? It’s not like this virus is the only bad thing that will happen. Something else might happen tomorrow and magnify losses...who knows? Something might happen to you an...
by drgenefish
Sun Mar 08, 2020 11:08 am
Forum: Investing - Theory, News & General
Topic: Where My 100% Equities Peeps At?!?
Replies: 199
Views: 18704

Re: Where My 100% Equities Peeps At?!?

100% here I haven’t had to look yet :) no idea what I’m down. Hopefully all my deposits are going through ok. Everything is on auto. I wish there was a service for like $2 per month for someone to just logon and tell me that my deposit went through ok and nothing funny happened in the account. Then ...
by drgenefish
Fri Mar 06, 2020 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Should I sell my rental property?
Replies: 8
Views: 613

Re: Should I sell my rental property?

Why sell it, if you want to own rental properties? Would you rather own a multi unit building? If so, you don't have to sell. You can do a 1031 exchange. I really just want to make sure the numbers justify keeping it. I do want to be in real estate but from what I understand I'm getting a little be...
by drgenefish
Fri Mar 06, 2020 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Should I sell my rental property?
Replies: 8
Views: 613

Should I sell my rental property?

I believe I have a close decision here but I'd appreciate wisdom. As background I am interested in having rental properties as part of my long term strategy. This one is about 15-20% of my net worth. It's been very easy to rent but I'm not sure if the numbers justify keeping it. Our Tenants are movi...
by drgenefish
Sun Feb 23, 2020 1:34 pm
Forum: Personal Investments
Topic: 34 Y/O faced with life decisions
Replies: 12
Views: 3351

Re: 34 Y/O faced with life decisions

If you and I had a cup of coffee, and you asked me for advice here, here is what I’d ask: What’s your living situation? If you’re renting, I’d start saving on the side towards a house in case you ever want to go that route. What are your plans for what amount of your income you are investing? Is it ...
by drgenefish
Sun Feb 23, 2020 12:11 pm
Forum: Personal Investments
Topic: New high income earner
Replies: 36
Views: 4710

Re: New high income earner

I’d suggest a few things 1) nothing is on fire given your income...but I would make learning how to handle your money top priority outside of your biz and family for 2020 and start planning for 2021. There is no rush. I’d just say don’t make any large moves until you have your game plan set and you’...
by drgenefish
Sat Feb 15, 2020 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Financial/career and life advice requested
Replies: 34
Views: 3444

Re: Financial/career and life advice requested

Why would you take a job making less? Why not find a job making double? You’ve already proven you are worth $100k and you haven’t even shopped your skills around. (Or tried to run your own biz in a similar field) I think one thing that may help you...if you haven’t already...is to write out a budget...
by drgenefish
Sat Feb 15, 2020 11:17 am
Forum: Personal Investments
Topic: Invest or pay extra on mortgage principal?
Replies: 44
Views: 2748

Re: Invest or pay extra on mortgage principal?

Personally I’d do option C I’d refi and then pay even MORE than the $272 difference monthly. I’d want that mortgage gone just for my own peace of mind. If having the money in taxable gives you the same peace, then do that. Odds are the money in taxable will be better. But I’d personally take the 100...
by drgenefish
Sat Feb 15, 2020 11:06 am
Forum: Personal Investments
Topic: Refinance from 15yr 2.75% to 30yr 3.5%?
Replies: 11
Views: 1483

Re: Refinance from 15yr 2.75% to 30yr 3.5%?

People sell and buy simultaneously all the time. You just have to make offers contingent on your house selling and you getting financing. It’s def a little more hassle and stress with timing everything...but your realtors will handle that all. Biggest downside is you’ll have to move all at once in a...
by drgenefish
Sat Feb 15, 2020 10:55 am
Forum: Personal Investments
Topic: Fidelity Business Brokerage Account
Replies: 6
Views: 493

Re: Fidelity Business Brokerage Account

I’d love to hear also. This has been on my radar. FWIW I have used their brokerage account for my personal checking and savings and have had a great experience. If anyone uses it, along with any general experiences, 1) can you easily see who checks are made out to? Like can you click on a check and ...
by drgenefish
Tue Jan 21, 2020 2:31 pm
Forum: Personal Investments
Topic: Should we sell our rental portfolio?
Replies: 34
Views: 2619

Re: Should we sell our rental portfolio?

easy answer for me. you don't like real estate. done. sell these. simplify your life. these things aren't going to appreciate much - and no time soon. you're making out fine on them cash-flow wise but it's not like it CRUSHING. more than likely an investor will buy them and the fact that you're cash...
by drgenefish
Mon Jan 06, 2020 5:52 pm
Forum: Personal Investments
Topic: Debt payoff
Replies: 102
Views: 6422

Re: Debt payoff

Then why not go to 0? You can open a new cc and put all expenses on that, then only hold enough cash to pay the bill when it comes due. he originally taught people to go to $0 but found that too many people didn't make it and resorted back to credit cards and became frustrated. he found $1,000 to b...
by drgenefish
Mon Jan 06, 2020 5:52 pm
Forum: Personal Investments
Topic: Debt payoff
Replies: 102
Views: 6422

Re: Debt payoff

double post sry
by drgenefish
Mon Jan 06, 2020 5:04 pm
Forum: Personal Investments
Topic: Debt payoff
Replies: 102
Views: 6422

Re: Debt payoff

your example is correct in a vacuum in the Dave Ramsey world when you buy in and commit to NEVER using a credit card, you find a way around it. you patch the HVAC until you can afford to pay it. having only a $1,000 starter emergency fund is purposely meant to be a struggle to prove to yourself that...
by drgenefish
Mon Jan 06, 2020 2:59 pm
Forum: Personal Investments
Topic: Debt payoff
Replies: 102
Views: 6422

Re: Debt payoff

If money is out away for retirement each year plus a pension...then I don’t see why a person can enjoy nice things within the means of their income. It’s nice to look at money, but what else are we working for? I work because I truly love what I'm doing. in general if you're asking why do we make $...
by drgenefish
Mon Jan 06, 2020 2:46 pm
Forum: Personal Investments
Topic: Debt payoff
Replies: 102
Views: 6422

Re: Debt payoff

You’re telling me that at $154k combined household income a car for 34k is insanely expensive? Aside from maxing out Roth’s and having 2 pensions that’ll be 80% of both our final salaries. Sometimes it’s nice to have nice things...if I made 30k a year I would be buying a car for 30k. The life of th...
by drgenefish
Sun Jan 05, 2020 11:32 pm
Forum: Personal Investments
Topic: Debt payoff
Replies: 102
Views: 6422

Re: Debt payoff

It’s not the correct mathematical answer, but Dave Ramsey will help you more than anything. If you listen to him and learn from him, you’ll change your behavior...which will impact you far more than playing more games. Just from the few things that you wrote, it doesn’t seem like you think this debt...
by drgenefish
Wed Jan 01, 2020 8:40 pm
Forum: Investing - Theory, News & General
Topic: Retirement Options for Wife (can’t do backdoor Roth)
Replies: 1
Views: 235

Retirement Options for Wife (can’t do backdoor Roth)

I’m looking for an option (if one exists) for my wife to put as much money into retirement as possible. - married filing jointly. We will be over $205,000 for 2020 - SIMPLE IRA contributions that are only one year old (so she can’t do a backdoor Roth until 2021 when we convert that account over) - s...
by drgenefish
Sat Oct 19, 2019 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Offered 18-Month, 0% interest loan w/2% fee. Should I take the loan and invest or pass on the offer?
Replies: 72
Views: 5864

Re: Offered 18-Month, 0% interest loan w/2% fee. Should I take the loan and invest or pass on the offer?

I feel like one lesson I learned here is sometimes simplicity >> optimization. Seems like a lot of gyrations to make a few hundred $ over 18 months as your BEST case. I’d just pass and keep life simple.
by drgenefish
Sat Oct 19, 2019 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Provider choosing to bill as out of network
Replies: 43
Views: 3912

Re: Provider choosing to bill as out of network

My guess is someone didn’t explain what they are doing properly...or perhaps a receptionist herself doesn’t understand the details and tried to explain it to you. It’s impossible to bill as out of network if you’re in network. Maybe they are unchecking the “Accept Assignment” box on the billing form...
by drgenefish
Fri Oct 18, 2019 2:28 pm
Forum: Investing - Theory, News & General
Topic: Where should HSA Contributions go? Wife is 10 years younger.
Replies: 5
Views: 861

Re: Where should HSA Contributions go? Wife is 10 years younger.

Stuff happens. Unexpected stuff. Fund both. Cheers I'm just curious what kind of stuff would make a difference if the money was in her name vs mine? wouldn't we be able to pull money from either account to fund the other's health needs? or are you talking about in case of divorce / death there bein...
by drgenefish
Mon Oct 14, 2019 7:01 pm
Forum: Investing - Theory, News & General
Topic: Where should HSA Contributions go? Wife is 10 years younger.
Replies: 5
Views: 861

Where should HSA Contributions go? Wife is 10 years younger.

I'm 42 and my wife is ~10 years younger. We started an HSA account under her name a few years ago and have been using it for expenses. That is until this year when we finally learned how amazing it is as a retirement vehicle. So it's fully maxed for 2019 and I'll continue to do so every year. Moving...
by drgenefish
Mon Sep 09, 2019 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Sole Proprietor Basic Startup Questions
Replies: 4
Views: 326

Re: Sole Proprietor Basic Startup Questions

She couldn't adopt an employer retirement plan even if she wanted to. Your business and her business are part of a controlled group. Both businesses are considered one employer for retirement plan purposes. yup! just learned this yesterday on the WhiteCoat forum. Disaster averted! Thank you for ver...
by drgenefish
Mon Sep 09, 2019 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Sole Proprietor Basic Startup Questions
Replies: 4
Views: 326

Sole Proprietor Basic Startup Questions

My wife is starting a Sole Proprietorship. We won't be doing any sort of retirement plans through it (we do that all through my business of which she's an employee). We won't be taking loans. She won't have employees. 1) What benefit is there to get an EIN rather than just use her Social Security Nu...
by drgenefish
Wed Aug 07, 2019 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Oh geeze. How should I pay for this? Walk me off the ledge
Replies: 52
Views: 6677

Re: Oh geeze. How should I pay for this? Walk me off the ledge

I'd try to not spend any money on stuff you don't need if you only have $6,000 as an Emergency Fund right now. See if you can beef that up asap.

I'm in the no debt camp so I'd lean #1

(or #2 if you wanna spend energy on that right now)
by drgenefish
Wed Aug 07, 2019 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage final payment
Replies: 31
Views: 3999

Re: Mortgage final payment

This year I paid off everything but 1 cent online and they made me mail a certified check for the final payment.

I had to include an extra like $80 for a fee for them to record it with the county. that's why they want the check.

It def made the payoff less fun and anti-climactic :)
by drgenefish
Wed Aug 07, 2019 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Largest spending category - is this an outrageous amount?
Replies: 56
Views: 4124

Re: Largest spending category - is this an outrageous amount?

save more

buy less stuff

travel more - create experiences and memories that'll last forever >>>> "frivolities"
by drgenefish
Wed Aug 07, 2019 1:05 pm
Forum: Personal Investments
Topic: Vanguard customer service
Replies: 44
Views: 2551

Re: Vanguard Customer Service Recently

I rarely call or email Vanguard but the few times I did I got through right away and got excellent answers to somewhat silly questions I had. (not discounting your experience. hopefully it was just a bad day by that rep or weird peak hour or something). I opened a Fidelity brokerage to act as my che...
by drgenefish
Sun Aug 04, 2019 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Why won’t anyone hire me?
Replies: 156
Views: 16368

Re: Why won’t anyone hire me?

one more thing.. have you thought of jobs outside of your experience where the hiring company is willing to train the right person? sometimes (depending on the position) when I hire I prefer no experience in a similar biz because it's easier to train than un-train certain things. I'd just keep your ...
by drgenefish
Sun Aug 04, 2019 1:15 pm
Forum: Personal Consumer Issues
Topic: Dentist: Is this acceptable?
Replies: 70
Views: 6700

Re: Dentist: Is this acceptable?

Doesn’t matter it’s acceptable or not.

It’s clearly not acceptable to YOU.

Time to interview different dentists that meet YOUR expectations.
by drgenefish
Sun Aug 04, 2019 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Why won’t anyone hire me?
Replies: 156
Views: 16368

Re: Why won’t anyone hire me?

I would start being pickier about which jobs you applied for. Find a job that’s truly inspiring to you. Go into the interview telling them what YOU can offer and how YOU will help THEM earn more than they spend on you. Go into the interview on fire. You might want to search for jobs in another fashi...
by drgenefish
Sat Aug 03, 2019 10:14 am
Forum: Personal Investments
Topic: Car loan - Payoff or invest ?
Replies: 11
Views: 878

Re: Car loan - Payoff or invest ?

Pay it off. You’re paying interest on a depreciating asset. Simplify your life. Who cares if you can sneak out an extra few percent with investing? (Not to mention who KNOWs if you can). Commit to buying your future cars with cash. You’ll be less likely to over-buy and more likely to hold on to your...
by drgenefish
Sat Aug 03, 2019 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Do we move or add-on? Need some grounding...
Replies: 37
Views: 2213

Re: Do we move or add-on? Need some grounding...

Hi everyone. My wife and I have been in the same home for the last 6 years in an area that we absolutely love. Both of our parents live here and my sister lives here as well. We live on a .5 acre lot and corner lot, fantastic neighbors, amazing schools, very safe and clean and great access for biki...
by drgenefish
Tue Jul 30, 2019 9:38 am
Forum: Personal Consumer Issues
Topic: Losing a month's worth of work on a personal project
Replies: 15
Views: 1810

Re: Losing a month's worth of work on a personal project

To me action helps. Not dwelling. Game plan and take action to whatever needs to be accomplished.

Also exercise. Heavy exercise so you are too tired to be sad.
by drgenefish
Tue Jul 30, 2019 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Working four days a week
Replies: 21
Views: 1753

Re: Working four days a week

Is there work you might be passionate about that you’d consider moving towards? I’d hate to be at a job I’m not passionate about for 15 more years. You’re making almost $200k per year. You clearly have very highly marketable skills. I think cutting one day is a temporary measure and you’ll be in the...
by drgenefish
Mon Jul 29, 2019 3:09 pm
Forum: Investing - Theory, News & General
Topic: Need cash, pause 401k contributions or contribute->401k loan
Replies: 18
Views: 1092

Re: Need short-term cash, pause 401k contributions or contribute->401k loan

You should have enough emergency fund to handle this. If you don't, you should not buy a house. There is always a possibility of needing to fix something in the house. agree 100% this situation isn't even anything close to an emergency. I wouldn't personally even considering tapping emergency funds...
by drgenefish
Mon Jul 29, 2019 1:52 pm
Forum: Investing - Theory, News & General
Topic: Need cash, pause 401k contributions or contribute->401k loan
Replies: 18
Views: 1092

Re: Need cash, pause 401k contributions or contribute->401k loan

dunno what's best mathematically but I think behaviorally it's a poor decision to even consider this as an option. after the landscaping, there will be something else...then what? it can be never ending depending on what house you get. just save up or cash flow all of that stuff. maybe it can wait m...
by drgenefish
Sun Jul 28, 2019 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Question of integrity
Replies: 40
Views: 4202

Re: Question of integrity

You didn’t marry them. You are paid to do a job that they profit from. They made more money than they gave you for your work. You don’t owe them anything. Sounds like they are paying you 30% less than you are actually worth. Just be direct and upfront about it, show appreciation for your time there,...
by drgenefish
Sun Jul 28, 2019 10:53 am
Forum: Investing - Theory, News & General
Topic: Why go with an 80% stock / 20% bond portfolio?
Replies: 436
Views: 64055

Re: Why go with an 80% stock / 20% bond portfolio?

Two thoughts for me. I am a very new investor but my logic is just telling me to agree 100% with OP. And after reading replies I haven’t changed my mind. I had the same exact question so I appreciate the post and all the thoughtful answers. 1) I don’t get why when people mention stats of a 100/0 fal...
by drgenefish
Sat Jul 27, 2019 10:16 pm
Forum: Personal Investments
Topic: Rebalancing into 3 Fund Portfolio - Taxable & 401k account questions
Replies: 4
Views: 338

Re: Rebalancing into 3 Fund Portfolio - Taxable & 401k account questions

Not an answer to your question but did you check what your fees are in your 401k? My wife has a 401k with good index funds but the 401k charges 0.85%. I'd roll those over to an IRA if there are fees into similar funds in your personal control. This article was helpful for me: https://www.bogleheads....
by drgenefish
Sat Jul 27, 2019 9:16 am
Forum: Personal Consumer Issues
Topic: Cheapest way to finance home improvements?
Replies: 18
Views: 1812

Re: Cheapest way to finance home improvements?

How much money do you have in the bank? I’d see what you can do without loans. for #1 if I had no money I’d Just spend the $3,000 for the tank. Did you do a break even analysis of how long it will take to recoup the entire conversion? Something tells me it’ll be a LONG time. For #2 I think you’re ov...
by drgenefish
Sat Jul 27, 2019 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Commercial Real Estate knowledge and/or experience? Help!!
Replies: 25
Views: 1679

Re: Commercial Real Estate knowledge and/or experience? Help!!

Good luck in your business. Near me there is a space that used to be a NASA training area. There is a huge centrifuge and lots of open space and rooms and really amazing artifacts. The owner bought it and turned it into an event center. Put up lights and speakers and decorations. There’s 4 or 6 diff...
by drgenefish
Tue Jul 23, 2019 7:27 pm
Forum: Personal Investments
Topic: Age 62 Selling my home .. investing my money
Replies: 39
Views: 3413

Re: How to invest money from House! Help!

put it into a money market until you are 100% sure and confident of what you're doing.

nothing bad will happen if you take 3-6 months to invest it after carefully considering your options.
by drgenefish
Tue Jul 23, 2019 7:06 pm
Forum: Investing - Theory, News & General
Topic: cash flow rebalancing - behavioral question
Replies: 5
Views: 604

Re: cash flow rebalancing - behavioral question

For someone who likes to optimize, why do you hold 10% in your sweep account? What’s it invested in exactly? sry I wasn't clear. I have $0 there and dividends never go in there...they go right back into the funds. I have 3 index funds that I split 65%, 25%, 10% (didn't want to get into specific fun...
by drgenefish
Tue Jul 23, 2019 3:30 pm
Forum: Investing - Theory, News & General
Topic: cash flow rebalancing - behavioral question
Replies: 5
Views: 604

cash flow rebalancing - behavioral question

This is more a behavioral question. I love optimize everything in my life and that has served me well at times...but sometimes I over-complicate things needlessly and wondering if that's what I'm doing here. So my Asset Allocation in my Retirement Account is: 65 / 25 / 10 split between 3 index funds...
by drgenefish
Tue Jul 23, 2019 9:59 am
Forum: Personal Finance (Not Investing)
Topic: $1 million house--- sanity check
Replies: 105
Views: 14766

Re: $1 million house--- sanity check

Sounds like a good deal popped up but not at the perfect time for you and you’re letting emotions run wild. Wipe out those student loans and beef up your cash reserves imo. Another good deal will pop up in a year or two and you’ll be in a better position. Or heck, maybe it won’t even be a good deal ...
by drgenefish
Tue Jul 23, 2019 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Bigger house?
Replies: 43
Views: 3599

Re: Bigger house?

What would make your wife the happiest?
by drgenefish
Mon Jul 22, 2019 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: HSBC checking bonus
Replies: 20
Views: 1895

Re: HSBC checking bonus

I did it last year and it was easy as pie for me.
by drgenefish
Sun Jul 21, 2019 10:38 am
Forum: Personal Investments
Topic: No 401k for a year
Replies: 11
Views: 1417

Re: No 401k for a year

Save up more cash in your living expenses account so you can fully fund a Roth the first week of Jan for 2020 and 2021 and frontload the HSA in 2020 and it not affect your lifestyle. Chip away more at the mortgage. Beef up your emergency fund to 6 months. Kick ass at work and then Ask your employer ...
by drgenefish
Sat Jul 20, 2019 8:26 pm
Forum: Investing - Theory, News & General
Topic: One bad decision - examples?
Replies: 67
Views: 7542

One bad decision - examples?

I learned of Taylor’s Gems from the latest podcast and I’m starting to read them all. I ran across this advice: "It takes only one bad investment decision to wipe out years of prudent saving and investing." (This was from Rick Ferri but saw similar advice a few times already and I’m just getting sta...