Search found 185 matches

by Frank Grimes
Mon May 18, 2020 3:32 pm
Forum: Personal Consumer Issues
Topic: What kind of sunglasses?
Replies: 77
Views: 3846

Re: What kind of sunglasses?

Smith with chroma-pop lenses are great.
by Frank Grimes
Mon May 18, 2020 1:10 pm
Forum: Personal Consumer Issues
Topic: Gardening 2020
Replies: 130
Views: 8885

Re: Gardening 2020

We have had an amazing spring weather-wise in NC so the garden has surged. Tomatoes and cucumbers (along with some volunteer zinnias) are doing well in one raised bed and the deer "visits" have been fortunately infrequent. I have been sprinkling Milorganite around the bed and on some of the cucumber...
by Frank Grimes
Fri May 15, 2020 2:59 pm
Forum: Personal Investments
Topic: What NOW!! [Portfolio help]
Replies: 38
Views: 2261

Re: What NOW!! [Portfolio help]

Nine million dollars and retired? I guess it's easy for me to say but with that kind of scratch I'd buy 50/50 or 40/60 today, turn off the financial cable news forever and offset any capital gains with those carryforward losses for even longer than forever.
by Frank Grimes
Fri May 15, 2020 2:50 pm
Forum: Personal Consumer Issues
Topic: Has Your Spending Changed Since The Shutdown?
Replies: 180
Views: 6584

Re: Has Your Spending Changed Since The Shutdown?

Grocery spending has gone up considerably as we're eating 21 out of 21 meals a week at home now. Which was not too different than we did previously as we rarely ate out and packed lunches 4/5 days a week. But in looking closer we used to have kids in daycare (meals for them there) and eating things ...
by Frank Grimes
Fri Mar 13, 2020 3:13 pm
Forum: Investing - Theory, News & General
Topic: NCAA cancels March Madness tournaments
Replies: 51
Views: 2531

Re: NCAA cancels March Madness tournaments

Covid-19 is not Ebola. I'm more afraid of the panic than the virus. I'm not seeing exponential growth and it's been almost two months since the first case in the US. Well sure, you won’t see exponential growth when we aren’t testing people. To date, the US has tested ~11,000 people. Total. Since th...
by Frank Grimes
Thu Mar 12, 2020 9:25 am
Forum: Personal Investments
Topic: Large amount of cash to invest, not sure if I should wait for further dip. Thoughts?
Replies: 32
Views: 3579

Re: Large amount of cash to invest, not sure if I should wait for further dip. Thoughts?

Similarly we just had a large lump sum arrive from bonus season and it is time for my annual portfolio rebalance. What timing. I'll give that a look in the next couple days and see how out of whack we are from 80/20 to best deploy that lump sum...but I must admit I'm not feeling a huge rush to get t...
by Frank Grimes
Thu Feb 27, 2020 11:29 am
Forum: Personal Consumer Issues
Topic: How Do you Exercise Indoors?
Replies: 127
Views: 9606

Re: How Do you Exercise Indoors?

Timely thread! I'm on my second week of using a rowing machine nightly. I have been running weekends for cardio but I wanted to add more during the week for heart health. I am lousy about getting up early to run before work. Plus spouse wants to exercise more and we needed convenience with work sche...
by Frank Grimes
Mon Feb 24, 2020 12:29 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1406
Views: 318987

Re: Best watch for around $5,000?

Xennial here. The quicker that trend accelerates, the better for me. That way I can slide in and get a deal on a Rolex Explorer.
by Frank Grimes
Thu Feb 06, 2020 4:37 pm
Forum: Investing - Theory, News & General
Topic: Well, I am market timing due to coronavirus... Wish me luck.
Replies: 1121
Views: 97012

Re: Well, I am market timing... Wish me luck.

Good that I saw this thread today, as I was getting ready to do my regular monthly purchase I was a little iffy and considering whether to buy right after a couple really big days or maybe waiting for a drop day. Good reminder and boost of confidence to hit that buy order.
by Frank Grimes
Thu Jan 09, 2020 10:30 am
Forum: Personal Consumer Issues
Topic: How do YOU make coffee?
Replies: 266
Views: 17480

Re: How do YOU make coffee?

To folks who burr grind, is there a huge difference vs a regular blade type of grinder? I pour over in a paper filter after years of French press. Thanks. I think it'd be most noticeably different in the French press. Consistent grind size will mean consistent extraction so for me as a relative cof...
by Frank Grimes
Mon Jan 06, 2020 4:51 pm
Forum: Investing - Theory, News & General
Topic: Now is a good time to start tracking your net worth.
Replies: 123
Views: 11357

Re: Now is a good time to start tracking your net worth.

When I have a bad day at work I can back-of-napkin NW in a minute which helps me relax a bit haha. Anything more precise than that can be handled when I check the overall portfolio a couple times a year for allocations and rebalancing. Even then I'd just ballpark an estimate for equity in my home an...
by Frank Grimes
Mon Jan 06, 2020 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: How do you spend $$ on yourself?
Replies: 108
Views: 12229

Re: How do you spend $$ on yourself?

I really don't spend that much on myself now that I think about it. As with most folks here I try to buy quality and value, preferably at the same time. In general if I have a fixed dollar amount I'd rather use that to buy small amounts of high quality stuff rather than a bunch of cheaper stuff.
by Frank Grimes
Fri Nov 15, 2019 4:14 pm
Forum: Personal Consumer Issues
Topic: Best thing you have ever bought?
Replies: 151
Views: 14054

Re: Best thing you have ever bought?

I may have recency bias but the Indian food I bought for lunch was terrific
by Frank Grimes
Mon Oct 28, 2019 1:35 pm
Forum: Investing - Theory, News & General
Topic: Inside Fisher Investments
Replies: 123
Views: 12865

Re: Inside Fisher Investments

They always have the most fancy mailers. "The favor of your reply is requested" and "I believe congratulations are in order." Over-flattering the folks who've happened to amass a bit of savings to join their exclusive club. I've been getting these things for many years because I have the same name a...
by Frank Grimes
Fri Oct 25, 2019 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Who does your tax returns?
Replies: 103
Views: 6047

Re: Who does your tax returns?

For the first couple of years after college I did them and my future wife's by hand and mailed them for fed and state. 1040EZ at the time was super easy. Ever since I've been using TurboTax. It is very quick to use as it rolls forward prior year information to reduce inputs. I have a fairly simple r...
by Frank Grimes
Wed Oct 09, 2019 9:36 am
Forum: Personal Consumer Issues
Topic: When to put on new roof?
Replies: 34
Views: 3210

Re: When to put on new roof?

If you have no leak issues with your roof why not wait until a hail storm and damage to the roof. Then your insurance will come into play. Actually, it may not. My mother's roof is over 20 years old, original to the house. Had a leak develop and cause damage. Insurance has agreed to pay interior da...
by Frank Grimes
Wed Oct 09, 2019 9:35 am
Forum: Personal Consumer Issues
Topic: When to put on new roof?
Replies: 34
Views: 3210

Re: When to put on new roof?

If you have no leak issues with your roof why not wait until a hail storm and damage to the roof. Then your insurance will come into play. Yup. It's likely dependent on the area as to how it will affect your homeowner's insurance but after a hail storm the roofing companies flood our market with ad...
by Frank Grimes
Tue Oct 08, 2019 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Hillarious insight on having $5 Million
Replies: 14
Views: 4268

Re: Hillarious insight on having $5 Million

Can't retire with $5 million? I feel like I could make that work
by Frank Grimes
Tue Oct 08, 2019 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Tactics to pay off Mortgage Early??
Replies: 63
Views: 7245

Re: Tactics to pay off Mortgage Early??

We bought our house 3 years ago and have approx. $325k remaining on a 30 yr mortgage at 3.25% fixed rate. So I'm not overly concerned with paying it off really early. However just for good measure I add $100 extra principal per month to the mortgage payment because I won't really miss $100/mo that m...
by Frank Grimes
Wed Oct 02, 2019 2:56 pm
Forum: Personal Consumer Issues
Topic: Non stick pan preference?
Replies: 46
Views: 3887

Re: Non stick pan preference?

Cheap Calphalon 8" skillet I bought a decade ago that I use only for eggs. If I was to have to replace mine today I would again get a cheap Teflon pan. Maybe even cheaper than the calphalon. Don't see the reason for getting something expensive non-stick like All Clad since the surface is bound to we...
by Frank Grimes
Mon Sep 23, 2019 4:34 pm
Forum: Personal Consumer Issues
Topic: Credit Card Points - Best options?
Replies: 29
Views: 2411

Re: Credit Card Points - Best options?

I like the BofA suite of cards for someone looking to maximize cash back, however this requires you keep $100k with them in one of a variety of ways, most notably for BH would be to store $100k worth of ETF's with them and call it a day. 3.5% back at dining/travel, 2.625% everywhere else. Straight ...
by Frank Grimes
Fri Sep 20, 2019 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Should I actually finance this car?
Replies: 28
Views: 2070

Re: Should I actually finance this car?

I mean, it sounds like he needs a new car anyway (12 year old car with check engine lights and likely some old age car problems about to surface). And the one he wants is a $25-30k car (not a luxury doctormobile) that he could just about write a check for right now (said he could pay $24k in cash fo...
by Frank Grimes
Fri Sep 20, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Should I actually finance this car?
Replies: 28
Views: 2070

Re: Should I actually finance this car?

I'd probably try to negotiate that top line $30k price and then discuss the financing after you've come to an agreement on the top line. They may just be trying to get you to bite using the 0% because they'll be making good money at $30k. Otherwise yeah, I'd probably just finance the newer car due t...
by Frank Grimes
Tue Sep 17, 2019 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: How do you spend money to gain time? (young family)
Replies: 155
Views: 12160

Re: How do you spend money to gain time? (young family)

Kids are 4.5 and 2.5 and both of us work. Spend money to gain time? Not too many things honestly, we pay for a house cleaning once a month for <$100 which is a great deal. And probably buy more things on Amazon or elsewhere online that we'd otherwise just go shop for. We manufacture time using some ...
by Frank Grimes
Fri Sep 13, 2019 1:40 pm
Forum: Personal Investments
Topic: New Graduate Portfolio/General Help
Replies: 8
Views: 562

Re: New Graduate Portfolio/General Help

2. Nothing wrong with using traditional 401k. And if you're able to roll that old IRA into your 401k that'd make it even better. I don't know about the target date option being too passive - if you're using the three funds I mentioned it will still be very passive - it's just something that will mak...
by Frank Grimes
Fri Sep 13, 2019 12:13 pm
Forum: Personal Investments
Topic: New Graduate Portfolio/General Help
Replies: 8
Views: 562

Re: New Graduate Portfolio/General Help

Hitting a couple of your questions: Question 2: Is that going to be set up as a traditional 401k or a Roth 401k? Given the income level I'd set it up as Roth 401k. You want 10% bonds, so if you go with a Roth 401k the tax efficient place to put the bond holding would be in your existing traditional ...
by Frank Grimes
Fri Aug 30, 2019 12:00 pm
Forum: Personal Consumer Issues
Topic: Is this the right way to unclog a sink?
Replies: 30
Views: 2018

Re: Is this the right way to unclog a sink?

Sometimes the hooks on the drain zip tools snag on the stopper lever so I have also used a tool I made from a stretched out coat hanger to scrape the sides of the pipe from above. Or I just take off the P trap and go to town. No drano needed.
by Frank Grimes
Fri Aug 30, 2019 10:25 am
Forum: Personal Consumer Issues
Topic: Baby Gift Suggestions
Replies: 14
Views: 814

Re: Baby Gift Suggestions

Unless they have a registry, they probably have most baby supplies they need including clothes especially if they had boys already.

What kind of diapers are they using - get a crate or two of those

Gifts of time is a good one - watch the older kids for a bit.
by Frank Grimes
Fri Aug 30, 2019 8:47 am
Forum: Personal Consumer Issues
Topic: How to clean baked on "carbon" from corners of old cookie sheets
Replies: 27
Views: 2349

Re: How to clean baked on "carbon" from corners of old cookie sheets

To clean the cooking surfaces of my stainless steel pots and pans I boil a little white vinegar and then add a little baking soda to make a school volcano. Then the gunk scrubs right off. Maybe that'd work, I think adding the heat helps lift things even easier.
by Frank Grimes
Thu Aug 29, 2019 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Gifts of appreciated stock to grandchildren
Replies: 11
Views: 1030

Re: Gifts of appreciated stock to grandchildren

Thanks JJ. Good to hear that things are going well as far as responsible use of the UTMAs. Hard to tell at this point how it'll work for my kids. I am at the moment unable to trust them to use the potty, let alone manage a future windfall. So regardless of whether we/kids owe any kiddie tax will we ...
by Frank Grimes
Thu Aug 29, 2019 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Gifts of appreciated stock to grandchildren
Replies: 11
Views: 1030

Re: Gifts of appreciated stock to grandchildren

Thanks for the clarifications. At a minimum on the taxes piece, I can fool around with prior year turbo tax and plug in numbers to make sure I'm getting the expected result (zero tax), kind of like how I once figured out how to document a backdoor roth in my tax return. That'll essentially be a tria...
by Frank Grimes
Wed Aug 28, 2019 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Gifts of appreciated stock to grandchildren
Replies: 11
Views: 1030

Re: Gifts of appreciated stock to grandchildren

Thanks for the replies. It makes sense to suggest they wait until [gulp] death for this, I did think of that too, but in all likelihood that will be long after my kids and nieces/nephews are needing college money. While I am mostly covered on public school college costs, my unborn nieces and nephews...
by Frank Grimes
Wed Aug 28, 2019 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Gifts of appreciated stock to grandchildren
Replies: 11
Views: 1030

Re: Gifts of appreciated stock to grandchildren

An additional note regarding avoiding the kiddie tax in options 2 and 3, per the wiki it looks like the kiddie tax calculation was changed to trust tax rates. So per the above, these gifts would generate LTCGs and then any dividends and interest. If I am trying to avoid kiddie tax I will need to kee...
by Frank Grimes
Wed Aug 28, 2019 10:38 am
Forum: Personal Investments
Topic: Mer. Lynch Buddy ... Bonds in Tax Account ... Stocks Only
Replies: 24
Views: 1807

Re: Mer. Lynch Buddy ... Bonds in Tax Account ... Stocks Only

You could probably just open a Merrill Edge account to get all your accounts under one roof and then implement your indexing strategy yourself. How will they (or you) know who will be the laggards in the index going forward? Whatever wealth and tax planning they'll provide at this stage is probably ...
by Frank Grimes
Wed Aug 28, 2019 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Gifts of appreciated stock to grandchildren
Replies: 11
Views: 1030

Gifts of appreciated stock to grandchildren

Sorry for the wall of text. Questions are at the bottom. Spouse and I have two kids aged 4 and 2. We have existing 529s set up for them as beneficiaries which we have aggressively funded thus far. Their balances are approx. $90k and $60k respectively so we are already close to being fully funded for...
by Frank Grimes
Fri Aug 23, 2019 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: I spend no money so am I over-saving for retirement?
Replies: 54
Views: 5548

Re: I spend no money so am I over-saving for retirement?

This requires an in-depth look at your finances, starting with what your goals are. At this point I do not have any idea.. Sounds like the options are spend, pass down or donate.. Spending is most likely out.. Donating I am not too sure about.. Passing down, also not too sure about.. If you're not ...
by Frank Grimes
Tue Aug 13, 2019 3:02 pm
Forum: Personal Investments
Topic: How can I accomplish "Locking in Gains"
Replies: 53
Views: 3851

Re: How can I accomplish "Locking in Gains"

What's wrong with rebalancing via contributions? that's the way I do it too, as do lots of folks in the accumulation stage. If you "locked in the gains" right now by selling your entire stock allocation, you would then have an allocation of 80% cash and 20% bonds. At which point you'd have to turn a...
by Frank Grimes
Wed Jul 17, 2019 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: College cost prediction and savings for 5, 3, and newborn
Replies: 102
Views: 6710

Re: College cost prediction and savings for 5, 3, and newborn

We have a 4YO and 2YO. Similar to others, we're wanting to take advantage of the 529 tax free growth (after maxing out other retirement accts and goals) but don't want to risk overfunding by too much. Our flagship state school runs about 20k all in cost for in-state students (per Vanguard's college ...
by Frank Grimes
Fri Jul 12, 2019 4:45 pm
Forum: Personal Consumer Issues
Topic: Automatic Watches
Replies: 92
Views: 7240

Re: Automatic Watches

My daily driver is a ~$350 Hamilton automatic that runs a varying +/- 5s per day which is pretty good for the price. I just have a recurring phone reminder for every few days to set it to my phone's time as by that time it's off by 10-20 seconds. Which is no big deal, I just like fiddling with it so...
by Frank Grimes
Tue Jul 09, 2019 12:30 pm
Forum: Personal Investments
Topic: 34yo, baby on way, leaving expensive financial advisor... Please Help!
Replies: 27
Views: 2923

Re: 34yo, baby on way, leaving expensive financial advisor... Please Help!

If you're intending to set up a three fund portfolio (total stock, total international, total bond), SPY and VIMSX are not entirely incompatible with that so I maybe would not rush to dump them. That combination is not exactly the same as total stock market but it's close enough that I might keep it.
by Frank Grimes
Tue Jul 09, 2019 10:44 am
Forum: Personal Consumer Issues
Topic: Buying a Smoker
Replies: 130
Views: 11109

Re: Buying a Smoker

As the OP, I do own a Weber gas grill that I'm quite happy with. I might consider upgrading it, only it will not die. I had to replace the burner tubes and the grates once each due to rust and wear, but this was not expensive, simple to do, and reasonable maintenance given the use and wear it's see...
by Frank Grimes
Tue Jul 09, 2019 10:42 am
Forum: Personal Consumer Issues
Topic: Buying a Smoker
Replies: 130
Views: 11109

Re: Buying a Smoker

I also started out with a cheap Brinkmann which I modified for better performance. Out of the box it's near unusable but with modifications you can make it work and create delicious BBQ. You definitely nailed the biggest weakness in that it requires constant monitoring throughout the day for temps, ...
by Frank Grimes
Sun Jun 30, 2019 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: What are next steps to managing our money?
Replies: 17
Views: 2113

Re: What are next steps to managing our money?

Gill wrote:
Sun Jun 30, 2019 2:12 pm
Frank Grimes wrote:
Sun Jun 30, 2019 1:51 pm
Check to see if any of those savings bonds have matured and go cash them in if so
How could they have reached final maturity when she’s only 27?
Gill
Yup brain fart on the age. I had recently found some of my wife’s old bonds purchased in the 80s that had matured and it was top of mind.
by Frank Grimes
Sun Jun 30, 2019 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: What are next steps to managing our money?
Replies: 17
Views: 2113

Re: What are next steps to managing our money?

Check to see if any of those savings bonds have matured and go cash them in if so
by Frank Grimes
Thu Jun 20, 2019 10:33 am
Forum: Personal Consumer Issues
Topic: Moving to North Carolina from NYC
Replies: 99
Views: 15980

Re: Moving to North Carolina from NYC

Just don't put that sugary brown "barbecue sauce" on your pulled pork, which by the way is called barbecue, which by the way is a noun and not a verb.
by Frank Grimes
Fri Apr 26, 2019 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Examples of financial accounting rules not applicable to personal finance?
Replies: 60
Views: 3126

Re: Examples of financial accounting rules not applicable to personal finance?

I am going to throw this out for discussion for the accountants. It has been stated by several people here that a business depreciates buildings while most homes "appreciate" in value. Is it not correct that the houses also depreciate, but the value of the house is "marked to market" when one place...
by Frank Grimes
Wed Apr 24, 2019 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Examples of financial accounting rules not applicable to personal finance?
Replies: 60
Views: 3126

Re: Examples of financial accounting rules not applicable to personal finance?

Honey that was a particularly bad fight, better credit that contingent liability!
by Frank Grimes
Wed Apr 24, 2019 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Examples of financial accounting rules not applicable to personal finance?
Replies: 60
Views: 3126

Re: Examples of financial accounting rules not applicable to personal finance?

I'd question why you need to prepare your personal records using financial accounting rules to that level of detail. Good question. Ppl may differ why they keep records. Personally, I do it so that I can compare my income/spending & saving rates year to year (or month to month). Having a one time b...
by Frank Grimes
Wed Apr 24, 2019 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Examples of financial accounting rules not applicable to personal finance?
Replies: 60
Views: 3126

Re: Examples of financial accounting rules not applicable to personal finance?

Yeah accrual basis will get way more complex than just determining when to record your CC payment as an expense. The previously mentioned example of the way you treat investments under financial accounting does not have a lot of utility for personal finance. I'd question why you need to prepare your...