Search found 347 matches

by runner540
Mon Oct 23, 2017 9:23 am
Forum: Investing - Help with Personal Investments
Topic: Is it ok to have 100% stocks, 15 years+
Replies: 29
Views: 1319

Re: Is it ok to have 100% stocks, 15 years+

msk wrote:
Mon Oct 23, 2017 8:23 am
18 years post retirement, and I am still 100% in stocks :mrgreen:
Do you have any retirement income from stable sources, like SS or pension? If Someone has those they can take more risk with the portfolio.
by runner540
Sun Oct 22, 2017 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire early?
Replies: 9
Views: 2289

Re: Can I retire early?

We’ll be able to continue our health care at retirement, in addition to Medicare. House should be paid off right before retirement (if age 58) or 2 years after retirement (if age 56). We are very thrifty (not into buying clothes, etc.), but I’m worried about being able to afford gifts, some limited...
by runner540
Fri Oct 20, 2017 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund Investment Strategy
Replies: 20
Views: 1550

Re: Emergency Fund Investment Strategy

This piece: https://www.betterment.com/resources/personal-finance/safety-net-funds-why-traditional-advice-is-wrong/ from Betterment changed my mind. I keep my money in my overall asset allocation which is relatively conservative. I have stopped thinking about things as individual pots and think abo...
by runner540
Fri Oct 20, 2017 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Another new 2 comma club member + some questions
Replies: 4
Views: 1146

Re: Another new 2 comma club member + some questions

Hi, I have gained immensely from Bogleheads, so this post is to announce a couple of wins and also to thank this community for its invaluable guidance! I just checked my investible assets and the total has now crossed 1M AND I paid of my mortgage. Most of this ~70% is in 401k accounts and over the ...
by runner540
Fri Oct 20, 2017 1:42 pm
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund Investment Strategy
Replies: 20
Views: 1550

Re: Emergency Fund Investment Strategy

Put the money in an online savings account (Ally, Synchrony, Amex, etc) amd you can DOUBLE your returns to 1.20-1.30%!
If you do some CD's, you can het a little more.
by runner540
Fri Oct 20, 2017 9:20 am
Forum: Investing - Help with Personal Investments
Topic: Looming Retirement & Market Jitters
Replies: 48
Views: 3980

Re: Looming Retirement & Market Jitters

I'm distracted by the news reports that if the tax cut package does not happen, the market will experience a steep drop. Never closely paid attention to these types of stories before, but with retirement so close now....the hair is beginning to stand on the back of my head. If you have enough money...
by runner540
Fri Oct 20, 2017 6:21 am
Forum: Investing - Help with Personal Investments
Topic: Looming Retirement & Market Jitters
Replies: 48
Views: 3980

Re: Looming Retirement & Market Jitters

I am planning to retire from a second career (federal employee, 10 years of service) in 18 months, give or take a month or so. Would like to retire today, but holding out for eligibility for lifetime healthcare coverage in retirement (requires a minimum of 10 years of service). I'm 56, divorced and...
by runner540
Mon Oct 16, 2017 6:35 pm
Forum: Investing - Theory, News & General
Topic: How to learn about financial statement analysis?
Replies: 17
Views: 1253

Re: How to learn about financial statement analysis?

Find some old CFA books and study them.
by runner540
Mon Oct 16, 2017 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: Break-even investment on a single family home is... bad?
Replies: 3
Views: 607

Re: Break-even investment on a single family home is... bad?

OP, what you discovering is that the prices on homes have outpaced what you can get from renting it. Our second purchase (Redmond WA, which is to be used as our permanent retirement home) has a shortterm rent that has a BIG negative cap rate. This is OK since we will eventually sell our current hom...
by runner540
Mon Oct 16, 2017 6:10 am
Forum: Investing - Help with Personal Investments
Topic: First time poster:NEED HELP! We are total newbies and late to the game*updated
Replies: 31
Views: 2324

Re: First time poster:NEED HELP! We are total newbies and late to the game*updated

Thanks for the reply runner540. The post is a bit long and perhaps some information was overlooked. -Our taxes are included in our mortgage. The home was purchased for a much lower price than its valued at 23 years later. Our current taxes are not nearly $ 40,000 though they are included in our mor...
by runner540
Mon Oct 16, 2017 12:06 am
Forum: Investing - Help with Personal Investments
Topic: First time poster:NEED HELP! We are total newbies and late to the game*updated
Replies: 31
Views: 2324

Re: First time poster:NEED HELP! We are total newbies and late to the game

The portfolio just less than $400,000.00 . We've been aggressive for the last two years. The taxable is at vanguard as is the current 401k. It accepts roll-ins but is that it will vest shortly . The mortgage has about 5 years or less Congrats on coming to the forum and taking good steps to save mor...
by runner540
Sun Oct 15, 2017 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Investing in private companies
Replies: 31
Views: 1911

Re: Investing in private companies

I know that this kind of thing is fraud upon for a boglehead. But assume I have "play" money that I'm willing to loose, and would like to invest in private companies. Do I need to be accredited investor to invest in private companies? And what happens if group of people pool their resources? How sh...
by runner540
Sun Oct 15, 2017 9:49 am
Forum: Investing - Help with Personal Investments
Topic: Home down-payment planning + Portfolio advice
Replies: 2
Views: 237

Re: Home down-payment planning + Portfolio advice

I do not support taking a loan from your retirement accounts. Bad habit to start, to think about retirement accounts as "available". It sometimes works out, but I think most people end up doing a lot of mental accounting gymnastics. Please, please don't make decisions about when to buy a house based...
by runner540
Sun Oct 15, 2017 9:43 am
Forum: Personal Consumer Issues
Topic: Tips on Preparing will
Replies: 13
Views: 1177

Re: Tips on Preparing will

Bogleheads, Very soon I am meeting with attorney through employer provided plan which covers the cost. I understand Trust has certain benefits but next few months I am tied up and probably can't convert all accounts to Trust name(unless someone says its not time consumption :) I am in VA, early 40s...
by runner540
Fri Oct 13, 2017 7:34 am
Forum: Investing - Help with Personal Investments
Topic: Anesthesiologist Advise [how to save money]
Replies: 45
Views: 5573

Re: Anesthesiologist Advise [how to save money]

This dude makes 300k/yr, take home is 180k/yr NET income. Expenses is 3300/mo (all inclusive) or 40k/yr. Simple math, he has 140k/yr NET money lying around every yr. He has plenty of money. In fact, you can spend a little some of that and still feeling flushed... Go read Boglehead guide to investin...
by runner540
Thu Oct 12, 2017 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: How young is too young to retire.
Replies: 49
Views: 5814

Re: How young is too young to retire.

Are there kids in the picture? I personally would love to retire now at 41 (retire from rat race to have a paycheck) and do what I love to do. I have enough things to do, people to meet (that are available during work hours) and places to visit that I would definitely not miss friends and relatives...
by runner540
Thu Oct 12, 2017 9:55 am
Forum: Investing - Theory, News & General
Topic: With panicked homeowners selling their flooded homes for 40¢ on the dollar, investors are flocking to Houston
Replies: 35
Views: 6272

Re: With panicked homeowners selling their flooded homes for 40¢ on the dollar, investors are flocking to Houston

I feel for them. I'm reminded of KlangFool's oft-heard advice to buy only when the home will be a minority of ones net worth. I don't think that homeowners should be insulated from losses by the taxpayers. The taxpayers didn't get any of the implied rent benefit or the equity gains on the non floode...
by runner540
Wed Oct 11, 2017 7:26 pm
Forum: Investing - Theory, News & General
Topic: Offensive Valuations
Replies: 45
Views: 4133

Re: Offensive Valuations

I'd like to post this and get replies. I am a business analyst by trade for a mega corp, so this is how I think. 1. I treat the S&P 500 as a "business", for which I can buy shares of this business. 2. As an analyst I know how fudged most of the accounting is, and so I use what nobody can really 'ad...
by runner540
Wed Oct 11, 2017 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Growing old without kids or younger caring relatives
Replies: 103
Views: 17964

Re: Growing old without kids or younger caring relatives

I fit many of the descriptions here - parents gone, no spouse, no children. Plenty of loving nieces and nephews but none in my state - and I don't want to disrupt their lives to take care of me. After a serious accident, continuing medical problems, and seeing a neighbor become too disabled to find...
by runner540
Wed Oct 11, 2017 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: Are we taking too much risk with Bonds in our AA?
Replies: 25
Views: 2052

Re: Are we taking too much risk with Bonds in our AA?

Hi everyone, I know that some can consider this as market timing.... However, we do know that the federal reserve started unwinding the recession stimulus. Additionally, we know that they are in the path of rising rates. Those are much more actionable today than in previous years. This stuff is alr...
by runner540
Wed Oct 11, 2017 2:33 pm
Forum: Investing - Theory, News & General
Topic: Managing home equity
Replies: 6
Views: 1036

Re: Managing home equity

I'll bite: 1. This looks like an old article (2004?) 2. It says that the alternative to home equity is a "safe, conservative side account earning 8%" (!!!!) while an interest only mortgage is at 5%. After taxes, the hypothetical spread is 4.4%. (Page 9) That is just not reality right now. If there w...
by runner540
Wed Oct 11, 2017 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: Protecting against the possibility of a correction?
Replies: 45
Views: 3968

Re: Protecting against the possibility of a correction?

The Bogleheads® Philosophy *Develop a workable plan *Invest early and often *Never bear too much or too little risk * Never try to time the market <----------- *Use index funds when possible *Keep costs low *Diversify *Minimize taxes *Keep it simple * Stay the course <-------------- This a standard...
by runner540
Wed Oct 11, 2017 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Social Security - general question
Replies: 28
Views: 2474

Re: Social Security - general question

Here are the assumptions for my question: 1. The estimated benefit at 62 is, say, for example, $1,000. 2. I continue to work, earning my current salary, until age 58. 3. I stop working at age 58. 4. At age 58 I have 35 earning years in the “system”. 5. I begin taking my social security benefit at a...
by runner540
Tue Oct 10, 2017 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Growing old without kids or younger caring relatives
Replies: 103
Views: 17964

Re: Growing old without kids or younger caring relatives

Saw this article on The New Yorker about professional guardians who systemically strip the elderly of their civil rights and assets. How the Elderly Lose Their Rights Guardians can sell the assets and control the lives of senior citizens without their consent—and reap a profit from it. http://bit.l...
by runner540
Mon Oct 09, 2017 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Would you buy a new family home [Australia]
Replies: 19
Views: 1922

Re: Would you buy a new family home

The mentality "fear of missing out on gains" is a classic feature of an asset bubble. Everything I've read about Australian markets here in the US for the last year has discussed that it is in a bubble phase. You already have a large exposure (relative to net worth) to the market in your current hou...
by runner540
Mon Oct 09, 2017 11:02 am
Forum: Personal Finance (Not Investing)
Topic: buy home with 10% or 20% down in this situation?
Replies: 17
Views: 1340

Re: buy home with 10% or 20% down in this situation?

Are the interest rates on the 10% and 20% downpayment loans the same? Have you tried getting a HELOC on the first condo? +1 One other option is that if you have a paid off car(or boat, RV, etc) then you could get a lower interest car loan on that to raise part of the down payment. You may also be a...
by runner540
Sun Oct 08, 2017 9:20 am
Forum: Personal Consumer Issues
Topic: Spouse gets blowouts? [Hair care]
Replies: 47
Views: 2278

Re: Spouse gets blowouts?

If it's in a budget you both set up, let it go. If I could get my hair blown out on a regular basis, I would.
by runner540
Sat Oct 07, 2017 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: 3x gross income = house purchase price, should interest rate be taken into account?
Replies: 26
Views: 2152

Re: 3x gross income = house purchase price, should interest rate be taken into account?

I don't think a rule of thumb using the house price is helpful. It fails to consider interest rates, property taxes, insurance amd maintenance costs, stability of income, and other big ticket items in the budget (someone with a secure job, pension and healthcare can afford to spend more on a home th...
by runner540
Sat Oct 07, 2017 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Combining spouses separate accounts into one joint account. Any downsides?
Replies: 19
Views: 1431

Re: Combining spouses separate accounts into one joint account. Any downsides?

The SIPC limit is $500k per account. That is one reason to limit the exposure in any one account.
by runner540
Fri Oct 06, 2017 5:54 pm
Forum: Personal Consumer Issues
Topic: Too much house? (nervous 1st time buyer)
Replies: 57
Views: 4032

Re: Too much house? (nervous 1st time buyer)

Many posters have cautioned that this is not the best "time" to buy a house. That stands out to me. Not because the posters are wrong but it just seems counter to the philosophy of most Bogleheads when it comes to speculating or timing the market (housing in this case). I know that if I started a t...
by runner540
Thu Oct 05, 2017 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14363

Re: Bay Area Real Estate

freebeer wrote:
Thu Oct 05, 2017 7:49 pm
gloss151 wrote:
Tue Sep 26, 2017 10:04 am
...
...so long as you meet the following net worth metric after buying you can afford to buy.

Expected Net Worth = Age(years) * total_income * 10%
And the source for this net worth metric is... ??
Looks like the Millionaire Next Door formula.
by runner540
Wed Oct 04, 2017 7:12 pm
Forum: Personal Consumer Issues
Topic: Do I have to choose between buying home in HCOL and FIRE or can I have both?
Replies: 35
Views: 2547

Re: Do I have to choose between buying home in HCOL and FIRE or can I have both?

I appreciate all the replies! We are going to wait to make such a big move and purchasing a home until at least one year into this job. So far everything is working great but as you guys pointed out, it is my first real job so I need to give it some time. Good call. The work of these economists say...
by runner540
Wed Oct 04, 2017 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: another 2 comma club member
Replies: 48
Views: 4236

Re: another 2 comma club member

Congrats!!
If you saw the second comma on Vanguard, does that mean you did it not counting home equity?
by runner540
Wed Oct 04, 2017 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14363

Re: Bay Area Real Estate

There are not enough high income people to support that. I think that's where you're wrong. Why wouldn't the income and wealth (such as stock holdings and RSUs and foreign money) of enough people in the area keep up with the rate of growth of the stock market? Because the companies that pay those p...
by runner540
Wed Oct 04, 2017 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Is this housing budget reasonable?
Replies: 28
Views: 1317

Re: Is this housing budget reasonable?

Well, when I assume 100k in income, I'm thinking monthly take home in the vicinity of 6,200. The 1,600 PITI payment would be 25.8% of the monthly budget, which I thought most budget calculators said was doable--though maybe I am way off base here? You are citing a common rule of thumb. The Issue is...
by runner540
Wed Oct 04, 2017 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Is this housing budget reasonable?
Replies: 28
Views: 1317

Re: Is this housing budget reasonable?

Do not buy until you actually move and get a job. Too risky. When you do buy, I would look for something less expensive.

What is your emergency fund, debts and retirement savings situation?
by runner540
Wed Oct 04, 2017 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: First time home buyer - gut check
Replies: 19
Views: 1317

Re: First time home buyer - gut check

It sounds like you are doing great and can afford to buy, but we don't have enough info to know for sure. If your wife is the breadwinner and plans to stay home with kids at some point, then that's something to consider. If your income is super volatile, if you have 6 figures of student loan debt, ...
by runner540
Wed Oct 04, 2017 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Do you foresee a drop in housing prices in the next 5 years
Replies: 53
Views: 5380

Re: Do you foresee a drop in housing prices in the next 5 years

Thank you all for your comments and the information/links provided. Its a wealth of information that I will definitely read through. I just started getting interested in the US stock and real estate market after living 6 odd years in war torn countries and have settled down in life. Thus informatio...
by runner540
Tue Oct 03, 2017 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Do you foresee a drop in housing prices in the next 5 years
Replies: 53
Views: 5380

Re: Do you foresee a drop in housing prices in the next 5 years

Faisal, Sorry that you got so much sarcasm about crystal balls. I think there will be a downturn in housing in the next 5 years. It's been hot for years, and 7% annual price growth isn't sustainable based on income of end users of housing. It's being driven by speculation, low interest rates, and ev...
by runner540
Mon Oct 02, 2017 11:18 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio review - rental properties
Replies: 7
Views: 977

Re: Portfolio review - rental properties

I wouldn't be able to sleep at night with those stats, but I'm not you. I didn't see your plans for when your wife gets a job. I would plow all of her paycheck into improving your balance sheet: building cash reserves, paying down car loan, student debt, and contributing again to both of your 401ks/...
by runner540
Sun Oct 01, 2017 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a Landlord: My Experiences
Replies: 108
Views: 16545

Re: Becoming a Landlord: My Experiences

Excellent post. I am considering owning some rental property, however, I always wonder what the returns are compared to putting it in a simple index fund. How has your investment done, till today right from inception, compared to a simple index fund during the exact same time period? Seattle condo,...
by runner540
Sun Oct 01, 2017 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Moving from one paid-for house to another
Replies: 22
Views: 1943

Re: Moving from one paid-for house to another

Check out this thread about school districts. https://www.bogleheads.org/forum/viewtopic.php?f=2&t=228782&newpost=3554779&view=unread#unread Archimedes makes excellent points. If the main point driving your decision is schools, I recommend you dig into the research about what predicts test scores, a...
by runner540
Sun Oct 01, 2017 7:40 am
Forum: Personal Finance (Not Investing)
Topic: For buying house: how do you know which schools are "good"?
Replies: 56
Views: 3753

Re: For buying house: how do you know which schools are "good"?

Schools are all different and communities are all different. Test scores are only one small dimension of a school. When choosing a school, much depends what you are looking for. Our young faily moved to a suburb with schools that were all 10/10 in the rankings, with very high SAT scores. But the co...
by runner540
Sat Sep 30, 2017 7:14 am
Forum: Personal Finance (Not Investing)
Topic: buy or rent and invest in a HCOL area
Replies: 10
Views: 848

Re: buy or rent and invest in a HCOL area

Hi. Hope to get some some advice/thoughts on a question my wife and I keep going back and forth on. Some quick background on our situation. I am 35, a physician with a stable salary of around 300-350,000 per year which is unlikely to change much (or at least not increase much further). My wife is a...
by runner540
Fri Sep 29, 2017 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Should my wife start a 401k
Replies: 25
Views: 1157

Re: Should my wife start a 401k

My argument is that we should continue to use her excess income to pay down the principle of the house. Her argument is that she thinks it would be best to open a 401k and start to invest lightly and pay less towards the principle of the house. If you were in this position what would you do? Anothe...
by runner540
Fri Sep 29, 2017 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Should my wife start a 401k
Replies: 25
Views: 1157

Re: Should my wife start a 401k

I've rarely seen so much agreement on a thread! Your wife is right to prioritize tax advantaged space. Is it a 403(b) if it is the state employer?

401k's also have some of the best protection from bankruptcy and lawsuits.
by runner540
Thu Sep 28, 2017 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: 27yo looking for advice on first house budget
Replies: 29
Views: 2511

Re: 27yo looking for advice on first house budget

you need to set your budget so that mortgage + taxes + insurance are the same or less than your current rent Good advice, unless of course you are renting too much. That was one of the criteria I used for my recent purchase. OP's rent is 0. I guess the advice is to stay put. Thanks for correcting m...
by runner540
Thu Sep 28, 2017 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14363

Re: Bay Area Real Estate

Interesting findings about rents dropping 10% in some SF neighborhoods: https://sf.curbed.com/2017/9/26/1636994 ... -fall-2017

Caveat: The data set is limited
by runner540
Thu Sep 28, 2017 7:26 am
Forum: Personal Finance (Not Investing)
Topic: 27yo looking for advice on first house budget
Replies: 29
Views: 2511

Re: 27yo looking for advice on first house budget

No desire to rent. Why not? +1 27 and single is the time to either stay where you are and pile up money if you like your current living situation, or move to a nice 1 bedroom apt in the best location for you (either right by work or in the trendy bar/restaurant district; ideally both). No need for ...
by runner540
Wed Sep 27, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: 20% Down Payment Sub-optimal?
Replies: 54
Views: 4403

Re: 20% Down Payment Sub-optimal?

The OP doesn’t consider that by not saving up 20% you haven’t demonstrating your ability to live below your means which is usually a prerequisite for being able to afford a home. If your rent is $1000/mo and the refrigerator goes, you still pay $1000 that month. If you get an invasion of ants and t...