Search found 53 matches

by barberakb
Mon Dec 09, 2019 7:43 pm
Forum: Personal Investments
Topic: "The Wealthy Renter" by Alex Avery.
Replies: 178
Views: 17303

Re: "The Wealthy Renter" by Alex Avery.

As with any complicated answer, there is no wrong or right one. IT DEPENDS. I can say that in my circumstances, and I have moved around alot from my time in the military. Almost everywhere I was stationed it was either cheaper to buy than rent, or about the same. Except Japan... Some places like whe...
by barberakb
Thu Aug 29, 2019 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 690
Views: 71085

Re: Why are you NOT buying rental properties?

Current status = TX house = paid in full (mostly by renters) now rents at $1350 a month half of that is pure profit SC house = About 35K left to pay off, rents at $1425 a month and cash flows about $100 a month. Once its paid off it will be about $700 NM house 1 = Actually loses about $100 a month ...
by barberakb
Sat Aug 24, 2019 2:08 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 690
Views: 71085

Re: Why are you NOT buying rental properties?

I just read through this whole thread. Interesting to say the least. Like politics, everyone has a strong opinion... Well, let me start off by saying its, not for everyone. But can be a valid investment. And your mileage may vary but it has worked for me. Im not sure where I first got the idea, but ...
by barberakb
Wed Aug 29, 2018 11:34 am
Forum: Personal Investments
Topic: Cash Flow From Real Estate - Personal Advice on Beginning?
Replies: 18
Views: 1772

Re: Cash Flow From Real Estate - Personal Advice on Beginning?

I have been successful investing in real estate and collecting monthly cash flow from it, but my situation is very different. I am in the military and have bought several houses to live in, and then rented them out when I got orders to move. But if you have any general ?'s send me a message. IMO tho...
by barberakb
Fri Aug 24, 2018 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage [How should finances be handled?]
Replies: 74
Views: 8552

Re: Marriage

My advice is that if you are comfortable marrying someone you should be comfortable combining your finance. I’m sure there are people who have made it work, I’m just speaking from experience. All of the people I know who keep things separate are either divorced or miserable...YMMV +1. Agree 100% on...
by barberakb
Tue Aug 14, 2018 12:31 pm
Forum: Investing - Theory, News & General
Topic: What's a good way to calculate when I have won the game??
Replies: 23
Views: 4783

Re: What's a good way to calculate when I have won the game??

I find it curious that you are counting on your inflation-adusted pension and cheap medical coverage as guaranteed but not social security when they all come from the same source. I know we are to avoid politics here but seems to me that any crisis severe enough to collapse social security would al...
by barberakb
Tue Aug 14, 2018 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage [How should finances be handled?]
Replies: 74
Views: 8552

Re: Marriage [How should finances be handled?]

Yes, continue investing/saving/ paying down your student loans.

If you weren't living together before and will be, then your expenses should go way down.

Which will help you pay down debt and invest even more.

Bottom line, do what works best for you. Everyone is different
by barberakb
Tue Aug 14, 2018 11:40 am
Forum: Investing - Theory, News & General
Topic: What's a good way to calculate when I have won the game??
Replies: 23
Views: 4783

Re: What's a good way to calculate when I have won the game??

I find it curious that you are counting on your inflation-adusted pension and cheap medical coverage as guaranteed but not social security when they all come from the same source. I know we are to avoid politics here but seems to me that any crisis severe enough to collapse social security would al...
by barberakb
Tue Aug 14, 2018 11:37 am
Forum: Investing - Theory, News & General
Topic: What's a good way to calculate when I have won the game??
Replies: 23
Views: 4783

Re: What's a good way to calculate when I have won the game??

We currently live on about 75K a year but I actually think that will increase after retirement. My wife likes to travel and she spends more money when shes bored... Other than medical, this was the other variable that was/is the toughest to estimate. So far, both have been (upwardly) moving targets...
by barberakb
Sun Aug 12, 2018 12:38 am
Forum: Investing - Theory, News & General
Topic: New CD Rates
Replies: 23
Views: 4962

Re: New CD Rates

UpperNwGuy wrote:
Sat Aug 11, 2018 4:26 pm
CDs will never beat inflation.
That is absolutely FALSE!
by barberakb
Sat Aug 11, 2018 10:24 pm
Forum: Investing - Theory, News & General
Topic: What's a good way to calculate when I have won the game??
Replies: 23
Views: 4783

Re: What's a good way to calculate when I have won the game??

There are a couple ways to do this that are often mentioned. For both methods one starts by determining their shortfall. Here is one method. Discounting SS, you roughly project your shortfall to be $35K. How much would one need in investments to be able to withdraw $35k/year at a 4% rate. $35k/.04 ...
by barberakb
Fri Aug 10, 2018 2:42 pm
Forum: Investing - Theory, News & General
Topic: What's a good way to calculate when I have won the game??
Replies: 23
Views: 4783

What's a good way to calculate when I have won the game??

What's a good way to calculate when I have won the game?? Under my previous train of thought, I was shooting for a #. It was 2 million in assets. To include houses. Now I'm not so sure. I am currently 40 and about to retire from the military. I will have a pension, of about $40K a year that adjusts ...
by barberakb
Fri Aug 03, 2018 3:05 pm
Forum: Personal Investments
Topic: street shares
Replies: 5
Views: 968

street shares

https://streetshares.com/

Has anyone invested in these?

Just curious on your thoughts if you have.

I am in the military and like the idea of supporting veterans and making a little money at the same time, but the boglehead in me is skeptical...


Thanks
by barberakb
Fri Aug 03, 2018 2:10 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Precious Metals and Mining Fund is changing
Replies: 87
Views: 17007

Re: Vanguard Precious Metals and Mining Fund is changing

Jack Bogle has often said that most investors could probably go their entire lifetime without the need for a sector fund. could probably go and should or will be better off are different things. I actually own this fund and maybe I just got in at the right time but I am up a nice 20% profit on it. ...
by barberakb
Mon Jul 30, 2018 11:10 am
Forum: Investing - Theory, News & General
Topic: Vanguard Precious Metals and Mining Fund is changing
Replies: 87
Views: 17007

Re: Vanguard Precious Metals and Mining Fund is changing

Jack Bogle has often said that most investors could probably go their entire lifetime without the need for a sector fund. could probably go and should or will be better off are different things. I actually own this fund and maybe I just got in at the right time but I am up a nice 20% profit on it. ...
by barberakb
Tue Jul 17, 2018 12:14 pm
Forum: Personal Consumer Issues
Topic: Going solar?
Replies: 73
Views: 7124

Re: Going solar?

Lets see if this works. Here is my quote. You got a quote for $26,800 (before tax credit) for a 4.8 kW system. That comes out to $5.58/ watt. That is extremely expensive. Get some competing quotes (check out energysage.com). For me, in the SF Bay Area, most of my quotes came in under $3.10/W before...
by barberakb
Tue Jul 17, 2018 10:59 am
Forum: Investing - Theory, News & General
Topic: Why is leveraging property good but leveraging stocks bad?
Replies: 206
Views: 17601

Re: Why is leveraging property good but leveraging stocks bad?

You also don't need to make money on the home purchase; you just have to lose less money than you would have paying rent. Its amazing how many people don't understand this concept... I have sat several people down at work and showed them how they have spent over $50K in rent in the last few years t...
by barberakb
Tue Jul 17, 2018 10:43 am
Forum: Personal Investments
Topic: House purchase: pay cash or get mortgage?
Replies: 16
Views: 2789

Re: House purchase: pay cash or get mortgage?

Why not do both?

Pay cash for half, get a mortgage and invest the rest?
by barberakb
Tue Jul 17, 2018 10:30 am
Forum: Personal Consumer Issues
Topic: Going solar?
Replies: 73
Views: 7124

Re: Going solar?

I was looking at going solar on my house. I can afford paying my current electricity bill no problem. Ranges from $100-150 a month. But there are currently 30% federal and 10% state rebates (NM). After rebates it will cost about $20,000. Plus I guess you can sell back extra power if you don't use a...
by barberakb
Mon Jul 16, 2018 1:35 pm
Forum: Personal Investments
Topic: Anyone Else Here Trying to Max Out 401k for the 1st Time in 2018?
Replies: 35
Views: 3086

Re: Anyone Else Here Trying to Max Out 401k for the 1st Time in 2018?

CONGRATZ!!!

Last year was my first year to max out IRAS and 401K's

Looking to do the same this year
by barberakb
Mon Jul 16, 2018 1:31 pm
Forum: Personal Consumer Issues
Topic: Going solar?
Replies: 73
Views: 7124

Re: Going solar?

Wow that is ALOT.

Hopefully it goes down even more in the next decade
by barberakb
Tue Jul 10, 2018 1:21 pm
Forum: Personal Consumer Issues
Topic: Going solar?
Replies: 73
Views: 7124

Re: Going solar?

I'm in the Land of Enchantment, too. I went with Affordable Solar. The panels have been up for 5 1/2 years, and had no issues with production. Some thoughts: Be wary of sales rep's projections on electricity price inflation, their projections seemed wildly high (and might skew the financial merits ...
by barberakb
Tue Jul 10, 2018 12:19 pm
Forum: Personal Consumer Issues
Topic: Going solar?
Replies: 73
Views: 7124

Re: Going solar?

Lets see if this works.

Here is my quote.

Removed for security reasons
by barberakb
Tue Jul 10, 2018 11:04 am
Forum: Personal Consumer Issues
Topic: Going solar?
Replies: 73
Views: 7124

Re: Going solar?

I am getting together the quote to post in here but the company is sunpro solar. I live in NM and my house has no shade. The loan would be 12 years at 2.99% It looks like they have a 25 year warranty, if they are still around in 25 years... I think my electricity currently costs 11.87¢/kWh / no idea...
by barberakb
Mon Jul 09, 2018 2:55 pm
Forum: Personal Consumer Issues
Topic: Going solar?
Replies: 73
Views: 7124

Re: Going solar?

Thanks for all of the responses so far.
by barberakb
Mon Jul 09, 2018 2:51 pm
Forum: Personal Investments
Topic: Pitfalls of real estate investing
Replies: 39
Views: 5152

Re: Pitfalls of real estate investing

JustinR wrote:
Sat Jul 07, 2018 10:27 pm
Your dad's making a mistake. He would get better returns with the three-fund portfolio and with 10,000% less stress.
You have no way of knowing the future of either the stock market or housing market so I'm not sure how you can feel confident in any way
making this statement.
by barberakb
Fri Jul 06, 2018 4:05 pm
Forum: Personal Consumer Issues
Topic: Going solar?
Replies: 73
Views: 7124

Going solar?

I was looking at going solar on my house. I can afford paying my current electricity bill no problem. Ranges from $100-150 a month. But there are currently 30% federal and 10% state rebates (NM). After rebates it will cost about $20,000. Plus I guess you can sell back extra power if you don't use al...
by barberakb
Fri Jul 06, 2018 3:11 pm
Forum: Personal Investments
Topic: Anxiety Spending Money
Replies: 52
Views: 5888

Re: Anxiety Spending Money

I think we come from the same cloth... I wouldn't say it makes me anxious but I do worry about it. A lot. For instance, I love golf and golf equipment. New stuff is very expensive. I am 40 and even though i can now afford whatever new club I want, I always buy my stuff used on ebay. I get it at leas...
by barberakb
Fri Jul 06, 2018 2:37 pm
Forum: Personal Investments
Topic: Pitfalls of real estate investing
Replies: 39
Views: 5152

Re: Pitfalls of real estate investing

Hi all, I'm a firm Boglehead index junkie. However, for the last decade, my father's firm belief is that real estate is the better option. Recently, he's turned his sights to Detroit downtown and thinks there's some great returns there. He's a foreigner, and does not have any residency in USA. All ...
by barberakb
Thu Jun 14, 2018 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Allowance [Giving allowance to child]
Replies: 28
Views: 2732

Re: Allowance [Giving allowance to child]

I am getting started on giving my oldest an allowance. She is 8. I am rich by all metrics, and want her to learn to manage money. There are many books I have read on the topic, but I am wondering what the hive mind has to say. Initially I plan to provide a very small sum for her (she has virtually ...
by barberakb
Thu Jun 14, 2018 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 505
Views: 134710

Re: Anyone regret paying off mortgage early?

I have 4 houses, but only 1 of them is paid off.

No regrets and I plan on paying the other 3 off in the next 5-7 years.

I don't like having debt, even "good debt"
by barberakb
Thu Jun 14, 2018 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: A great father's day gift
Replies: 19
Views: 3897

Re: A great father's day gift

I mentioned his status as single because it can be relevant to net worth. IMHO, I think it can be more difficult for a married couple with children to accrue wealth. A spouse and children adds variables. BTW: He has a very nice girlfriend. Great gal. Really like her. Pretty good cribbage player. Th...
by barberakb
Fri Mar 30, 2018 2:26 pm
Forum: Personal Investments
Topic: Residential Energy Credits-Non owned property
Replies: 14
Views: 1011

Re: Residential Energy Credits-Non owned property

The way I read it would be no.

Both the first and last sentence state "your home"

IMO it isn't your home unless you own it.

But that's my guess...
by barberakb
Mon Mar 26, 2018 3:07 pm
Forum: Personal Investments
Topic: Should I sell Wellington Fund Today?
Replies: 30
Views: 4700

Re: Should I sell Wellington Fund Today?

I can't remember it exactly but I read some quote from someone way smarter than me that said something like You can't ever go wrong taking a gain. You took a gamble, and it paid off. It is extremely hard to time the market and sell at the top. People that get paid a lot of money to do just that aren...
by barberakb
Fri Feb 09, 2018 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: [Ally online savings now at 2.20%]
Replies: 285
Views: 52844

Re: Ally online savings now at 1.45%

CIT has been great so far.

Only had them for a year.

I initially just put some extra cash in there because they gave me a $100 bonus.

But I have stayed because their rates are competitive and so far customer service has been good. No problems yet.
by barberakb
Fri Feb 09, 2018 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: [Ally online savings now at 2.20%]
Replies: 285
Views: 52844

Re: Ally online savings now at 1.45%

Usually if you call them they will transfer your current account to the new higher rate.

At least they did that for me at CIT bank.

It was super easy. No paperwork, just a phone call.

https://www.bankoncit.com/

Which has a 1.55 savings account
by barberakb
Thu Dec 21, 2017 4:33 pm
Forum: Personal Investments
Topic: Military Deployment Help—TSP Optimization
Replies: 17
Views: 2782

Re: Military Deployment Help—TSP Optimization

1. SDP is a not as easy as one would think. You should try to contribute, but the pay clerks aren't enthusiastic about helping. If memory serves correctly, it is best to write a check out of your personal (savings) account and have the pay clerks deposit the funds into the SDP--rather than divertin...
by barberakb
Sun Dec 17, 2017 7:02 pm
Forum: Personal Investments
Topic: Military Deployment Help—TSP Optimization
Replies: 17
Views: 2782

Re: Military Deployment Help—TSP Optimization

That automatic 10% with no risk is what I would max out first
by barberakb
Tue Dec 12, 2017 3:21 pm
Forum: Investing - Theory, News & General
Topic: Any of you trade just a little as a hobby?
Replies: 64
Views: 8107

Re: Any of you trade just a little as a hobby?

I usually keep about 7-8% of my portfolio in individual stocks. Those that say it is gambling make me laugh. Not that they are wrong, but investing in the stock market at all, even in ETF's and index funds is still gambling... Too me it is fun. I usually only have 10-15 stocks. I have done really we...
by barberakb
Wed Aug 09, 2017 5:54 pm
Forum: Personal Investments
Topic: Do I have enough to retire-retire from the military
Replies: 42
Views: 5604

Re: Do I have enough to retire-retire from the military

As someone who is quickly approaching this point in my life, I'm curious as to your retirement funds breakout and your way forward. Since you are an "old guy" like me, most of your TSP is going to be in Traditional; did you ever do any Roth TSP? Are you planning on doing a Roth Ladder after retirem...
by barberakb
Wed Aug 09, 2017 5:24 pm
Forum: Personal Investments
Topic: How much do you think we need?
Replies: 9
Views: 1985

Re: How much do you think we need?

westrichj312 wrote:spend some money you might not live forever!
We spend plenty of money, trust me. We just save aggressively at the same time...
by barberakb
Wed Aug 09, 2017 5:21 pm
Forum: Personal Investments
Topic: Separating from the Military
Replies: 4
Views: 836

Re: Separating from the Military

Thanks for your service. Fist off, good job on starting young. It makes a huge difference in the long run. I would keep your TSP even after you get out and just let it grow. Its well run and low on fees. Max out both your IRAs if you can. Remember you can't contribute to one unless you have income. ...
by barberakb
Tue Aug 08, 2017 3:28 pm
Forum: Personal Investments
Topic: How much do you think we need?
Replies: 9
Views: 1985

Re: How much do you think we need?

Thank your for your service. With you pension and rental income, against your stated retirement expenses, you are building your $2 million dollar portfolio to help your kids retirement more than yours. :sharebeer You sir, will be fine. Thanks! It is my pleasure to serve but I am tired of military l...
by barberakb
Tue Aug 08, 2017 12:37 pm
Forum: Personal Investments
Topic: How much do you think we need?
Replies: 9
Views: 1985

Re: How much do you think we need?

Good point. I forgot to mention healthcare should be covered since retired military get Tricare.

I'm guessing expenses will be around 75K in retirement.
by barberakb
Tue Aug 08, 2017 11:50 am
Forum: Personal Investments
Topic: How much do you think we need?
Replies: 9
Views: 1985

How much do you think we need?

Basically I have a # in my head (2 Million) that I think me and my family would like that would allow us to retire at 50, and actually enjoy retirement. Nothing fancy, but not sitting around eating ramen noodles everyday either. How much do you think we need? I don't want to put in how much we curre...
by barberakb
Thu Jun 15, 2017 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: How many of you have rentals (i.e. you're a landlord)? Are they worth it?
Replies: 74
Views: 8875

Re: How many of you have rentals (i.e. you're a landlord)? Are they worth it?

I don't understand the multitude of responses of its been a HUGE pain. I have either been very lucky. Or most of those responses come from people who manage the properties themselves. Which then I could see maybe how it could be a pain. Anyway I started out with 1 rental in 2005, got another in 2009...
by barberakb
Fri Apr 28, 2017 7:46 pm
Forum: Personal Investments
Topic: SIMPLE-IRA: all contributions (including match) immediately vested?
Replies: 5
Views: 595

Re: SIMPLE-IRA: all contributions (including match) immediately vested?

I was interested in this as well as my wifes 401K states 2 things. vested funds and safe harbor funds but doesn't really explain what that means...
by barberakb
Thu Apr 27, 2017 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4157
Views: 804304

Re: What's Your Credit Card Rewards Strategy?

Are there any good gas rebate cards with a nice sign up bonus.

I currently drive about 90 miles a day for work so looking for a good gas rewards card.

No annual fee preferred...

Thanks