Search found 187 matches

by Cycle
Mon Feb 19, 2018 2:52 am
Forum: Personal Consumer Issues
Topic: Should I be paying $1300/yr. for under/uninsured motorist protection?
Replies: 73
Views: 3742

Re: Should I be paying $1300/yr. for under/uninsured motorist protection?

My State also requires all vehicles to carry insurance coverage and that is checked at annual plate renewal although I don't know what happens if someone cancels insurance after registering the vehicle for the year. They can cancel it and just drive uninsured. Another popular option is to buy a che...
by Cycle
Mon Feb 19, 2018 2:42 am
Forum: Personal Consumer Issues
Topic: Sams Club vs Costco
Replies: 17
Views: 1286

Re: Sams Club vs Costco

We've had memberships at both, but I found its much cheaper for us to just shop at Aldi, farmers market, and target, especially after taking into account driving as Costco's and Sams are usually out in suburbia
by Cycle
Mon Feb 19, 2018 2:32 am
Forum: Personal Consumer Issues
Topic: Bogleheads with $100K+ MSRP cars?
Replies: 46
Views: 3583

Re: Bogleheads with $100K+ MSRP cars?

TheEternalVortex wrote:
Sun Feb 18, 2018 3:40 pm
To put it in perspective, a $100k car costs about the same as just using ridesharing (Lyft/Uber) for all travel.
Perhaps for you, not for someone in a walkable / bikeable city.
by Cycle
Sat Feb 17, 2018 9:14 am
Forum: Personal Consumer Issues
Topic: Should I be paying $1300/yr. for under/uninsured motorist protection?
Replies: 73
Views: 3742

Re: Should I be paying $1300/yr. for under/uninsured motorist protection?

250k per individual / 500k per occurrence is 50 per year for us. We also have an umbrella. Total premium is 460 per year, for a 1 car family.
by Cycle
Sat Feb 17, 2018 8:53 am
Forum: Personal Consumer Issues
Topic: How to cancel TV and not Internet w/ Spectrum Time Warner
Replies: 18
Views: 1205

Re: How to cancel TV and not Internet w/ Spectrum Time Warner

Yes, you need to be direct. "I need to cancel service because I no longer use it, and I do not want to answer survey questions or hear promotional offers." I constantly churn through credit cards for miles, and simply say that so they can skip through the script. You're freeing up that employee to t...
by Cycle
Sat Feb 17, 2018 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Live / work in California - Technology Career
Replies: 99
Views: 5829

Re: Live / work in California - Technology Career

we pay only 10.2% of income to housing for 4000 square feet compared to our old Bay Area 1500 square foot house. We love the Bay Area, which as others have mentioned, covers quite an expansive area. Our commutes in the Bay Area were less than a mile which improved the quality of life. We're at 1.7 ...
by Cycle
Fri Feb 16, 2018 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Job is starting to suck the life out of me.
Replies: 79
Views: 8909

Re: Job is starting to suck the life out of me.

If you are an employee for a company, you have a job, not a career. Wrong I would be interested in your persoective. Please elaborate. Purely by definition of career, you are wrong. But to elaborate; your employer doesn't own you. You build skills and cultivate networks and are free to leverage thi...
by Cycle
Fri Feb 16, 2018 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Job is starting to suck the life out of me.
Replies: 79
Views: 8909

Re: Job is starting to suck the life out of me.

Many of my recent posts deal with the soul-draining aspect of my Megacorp and why I don't have the cajones to resign even though I can easily FIRE and this place is killing me. I'm currently in the midst if a particularly bad afternoon and have now escaped to a men's room stall for a moment of resp...
by Cycle
Fri Feb 16, 2018 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: Job is starting to suck the life out of me.
Replies: 79
Views: 8909

Re: Job is starting to suck the life out of me.

GratefulinNC wrote:
Fri Feb 16, 2018 10:17 pm
ImUrHuckleberry wrote:
Fri Feb 16, 2018 9:31 pm
GratefulinNC wrote:
Fri Feb 16, 2018 1:07 pm
If you are an employee for a company, you have a job, not a career.
Wrong
I would be interested in your persoective. Please elaborate.
A career is: an occupation undertaken for a significant period of a person's life and with opportunities for progress.
by Cycle
Thu Feb 15, 2018 10:50 pm
Forum: Personal Consumer Issues
Topic: What big item (>20k) are you saving up for?
Replies: 109
Views: 7568

Re: What big item (>20k) are you saving up for?

Saving in VTIAX to buy more VTIAX
by Cycle
Tue Feb 13, 2018 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Our 'cure' for emergency expenses
Replies: 96
Views: 10676

Re: Our 'cure' for emergency expenses

I get 2% in my credit union for up to 25k total balance, if I make a handful of transactions (I can't just let it sit there). Many banks offer this.

I just budget the recurring expenses and try to minimize those. I don't bother with little stuff or vacation budgets.
by Cycle
Tue Feb 13, 2018 7:35 am
Forum: Investing - Help with Personal Investments
Topic: Did you learn anything from the market correction?
Replies: 155
Views: 10240

Re: Did you learn anything from the market correction?

I learned news on the stock market from experts is really annoying and hard to mute. "Hey Google, stop streaming analysts explanations for reversion to the mean after a massive runnup" doesn't work on the Google home
by Cycle
Tue Feb 13, 2018 7:15 am
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 16474

Re: Number at which to stop worrying

When you know your rigid recurring expenses, your luxury expenses, your savings rate, and you have a thorough savings plan you can stop worrying. You'll know your time to reach 3.5 or 3 or 2.5% SAWR. I'd only be worried if I didn't have a plan.
by Cycle
Mon Feb 12, 2018 10:56 pm
Forum: Investing - Theory, News & General
Topic: Day trading for a living/career?
Replies: 95
Views: 6568

Re: Day trading for a living/career?

3 fund. Day trading seams like professional gambling. I'm sure there would be rushes, but Id have to think it would be an unfulfilling job unless you make so much you can give back to society in some meaningful way. I read flash boys and thought, what a waste of talent.
by Cycle
Mon Feb 12, 2018 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: Is it stupid of me to comprise almost all of my portfolio with high dividend funds/etfs?
Replies: 16
Views: 964

Re: Is it stupid of me to comprise almost all of my portfolio with high dividend funds/etfs?

Maximize your returns and minimize your costs. I'd be 50% VTIAX and 50% VTSAX. Feed money into tax efficient accounts every year (backdoor Roth). Let the money grow for 15 years. I'd take growth over dividend. My company pays out a handsome dividend and our stock never goes anywhere.
by Cycle
Mon Feb 12, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Seeking career advice - Software Engineer
Replies: 34
Views: 2684

Re: Seeking career advice - Software Engineer

I've survived 5 or 6 rounds of layoffs in the last ten years. One of those years 50% was layed off, then mgmt hired the same amount back the next year... Total incompetence. I keep no personal affects at work, besides my engineering alumni coffee mug and a picture of my wife and dog. I am constantly...
by Cycle
Sun Feb 11, 2018 8:12 am
Forum: Personal Consumer Issues
Topic: Does it ever make sense to buy a new car?
Replies: 103
Views: 6359

Re: Does it ever make sense to buy a new car?

Cars are a very expensive recurring cost and take a lot of time to maintain, even if you are just taking them to the dealer for repairs / maintenance. My total all-inclusive transportation costs went from $5k per year to $1k per year when I switched to bike commuting.... And no more belt replacement...
by Cycle
Sat Feb 10, 2018 11:10 pm
Forum: Investing - Help with Personal Investments
Topic: 4% rule and early retirement?
Replies: 69
Views: 8191

Re: 4% rule and early retirement?

... visits from past alien 'family"..... Which potential event gives us more of a chill - working XX years more than necessary or not having sufficient funds? Visits from past alien family certainly gives me a chill. If one finds fulfillment in their work, it makes working to extend savr from 4 to ...
by Cycle
Sat Feb 10, 2018 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Tenants want to break lease early and is pregnant
Replies: 105
Views: 8596

Re: Tenants want to break lease early and is pregnant

We just do month to month from the start. They could be our tenants for a month or a decade. The benefit is we can get bad Tennants out much faster than an eviction... Just don't renew the 30 day lease. We also avoid these situations.
by Cycle
Fri Feb 09, 2018 8:07 pm
Forum: Investing - Help with Personal Investments
Topic: Market Drop - Good Entry point?
Replies: 9
Views: 1366

Re: Market Drop - Good Entry point?

Yes absolutely a good time to go all in, January 26th was even better.

I wish you luck with your market timing.
by Cycle
Fri Feb 09, 2018 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: 0% 18/MO.Balance Transfer w/2% fee
Replies: 17
Views: 840

Re: 0% 18/MO.Balance Transfer w/2% fee

Good idea, but you'd be better off doing one without a 2% fee. I've used CCs to do 0% loans for a year during a rennovation (40k worth of 0% interest $0 closing cost loan -> essentially bought all the materials with the CC). I'm assuming you never carry a balance or pay the credit card companies int...
by Cycle
Fri Feb 09, 2018 5:10 pm
Forum: Investing - Theory, News & General
Topic: "The stock market is officially in a correction... here's what usually happens next"
Replies: 83
Views: 13110

Re: "The stock market is officially in a correction... here's what usually happens next"

Hi Taylor, Indeed, if the market rockets higher, then I missed out on substantial gains. And that would suck for me. Also, I'm well aware of that possibility. I would not recommend my "strategy" to anyone. If members of forum are looking for advice, they would be wise to listen to YOU, not me. Stay...
by Cycle
Fri Feb 09, 2018 4:57 pm
Forum: Personal Consumer Issues
Topic: Financially secure, horrible workplace but just can't FIRE
Replies: 54
Views: 6220

Re: Financially secure, horrible workplace but just can't FIRE

You're delaying the inevitable. You'll eventually retire and have to find something to fill you time. Why not do that tomorrow? Alternatively can you cut back on hours, I think the mad fientists wife works in healthcare and was able to go part time. I'm at megacorp, and its all or nothing with respe...
by Cycle
Fri Feb 09, 2018 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Piggyback Mortgage
Replies: 15
Views: 903

Re: Piggyback Mortgage

+1 on Dave Ramsey book from library. I really can't stand the guy but his methods are effective... If you cherry pick the good stuff (ignore his product pushing).
by Cycle
Fri Feb 09, 2018 8:04 am
Forum: Personal Consumer Issues
Topic: Suggest coffee maker please
Replies: 98
Views: 5363

Re: Suggest coffee maker please

French press. Just add more beans if u want it darker. Always grind the beans at time of brewing. Clip on thermometer for pot, make sure water is 198f

Pour over and aero press also excellent options.
by Cycle
Thu Feb 08, 2018 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: Piggyback Mortgage
Replies: 15
Views: 903

Re: Piggyback Mortgage

Seems like you spend a lot on housing. We have the same annual income and save $162k per year. Our unit cost us $150k and the other half of the duplex helps cover misc maintenance and repairs. We live in a blue collar neighborhood on a busy street. We sold our condo in an expensive neighborhood to o...
by Cycle
Thu Feb 08, 2018 11:14 pm
Forum: Investing - Theory, News & General
Topic: "The stock market is officially in a correction... here's what usually happens next"
Replies: 83
Views: 13110

Re: "The stock market is officially in a correction... here's what usually happens next"

The past is the best predictor of the past. I'm going to keep buying every Monday, as always.
by Cycle
Thu Feb 08, 2018 3:41 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5576
Views: 1261644

Re: U.S. stocks in freefall

The drop is entirely my fault. I’ve been DCAing a large sum into stocks over the last year. I just moved the last chunk into the stock market last week. :oops: Another sample to add to the stats on why DCA works on our psyche but not for our final balance. Seems like the jury is against DCA, but it...
by Cycle
Thu Feb 08, 2018 3:23 pm
Forum: Investing - Theory, News & General
Topic: How to deal with regret
Replies: 87
Views: 7285

Re: How to deal with regret

I keep a list of times I was wrong or overvalued something. Some are financial, others career related. The cost of those mistakes is similar to paying for education. In the long run I think the mistakes will result in a net benefit, both financially and wrt free time, health and happiness
by Cycle
Thu Feb 08, 2018 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Financial Hole
Replies: 163
Views: 13297

Re: Financial Hole

This is a trolling thread. Is there not a job nearby, please... Selling the car and quitting smoking would resolve this issue.
by Cycle
Wed Feb 07, 2018 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Silly credit card rewards arbitrage opportunity
Replies: 8
Views: 1682

Re: Silly credit card rewards arbitrage opportunity

nisiprius wrote:
Wed Feb 07, 2018 8:38 am
... government officials who set it up were deluded into thinking that dollar coins were finally becoming popular and going into circulation.
The people of ecuador would have thanked you, the dollar coins are very common there and in use today.
by Cycle
Wed Feb 07, 2018 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Am I saving too much for retirement?
Replies: 104
Views: 11568

Re: Am I saving too much for retirment?

Do you know what the biggest contributor to savings rate is? Guess what, it's not buying things on sale or making your own coffee. It's not doing your own vehicle maintenance or cutting your own hair. It's not skipping international vacations. HOUSING, VEHICLES, DEBT SERVICE. Housing -> buying isn't...
by Cycle
Wed Feb 07, 2018 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 286
Views: 19325

Re: I bought a stock today - Redfin (RDFN)

Great another stock that is going to do great and I'm not going to buy. I remember costing out bitcoin mining rigs in 2010 but I was too conservative to invest the hundreds of dollars for a rig.
by Cycle
Wed Feb 07, 2018 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable vs 401k investments
Replies: 17
Views: 1083

Re: Taxable vs 401k investments

I'm planning on retirement in 10 years at 45. It's all about knowing your expenses inside and out. Become a minimalist. We save $162k a year and spend $45k a year. I anticipate that will go up to $100k spending per year with kids. I need to come up with another $2.5M in the next ten years. You need ...
by Cycle
Wed Feb 07, 2018 12:03 pm
Forum: Personal Consumer Issues
Topic: New car - how much can we afford?
Replies: 78
Views: 5545

Re: New car - how much can we afford?

What if it ends up being 20 years? 5 years seems awfully aggressive to me. It won't be 20 years, too much money at stake for car companies to be the first to market. Self driving cars won't be the most disruptive tech in the next 5 years, it will be adoption of augmented reality. Colocation will be...
by Cycle
Tue Feb 06, 2018 9:22 pm
Forum: Personal Consumer Issues
Topic: House renovation financing
Replies: 17
Views: 1198

Re: House renovation financing

I put 40k of a 100k rennovation on two 0% interest credit cards, then paid them off in the 11th month with proceeds from another sale. For the other 60k i just diverted money that would have gone into the taxable account. Still maxed out 401k,roth,hsa that year. I thought I was going to need a perso...
by Cycle
Tue Feb 06, 2018 9:14 pm
Forum: Personal Consumer Issues
Topic: New car - how much can we afford?
Replies: 78
Views: 5545

Re: New car - how much can we afford?

Only reason depreciation would matter is if you sell it, intentionally or otherwise. For example, wreck the car on day 2 and cry at what the insurance payout is :) Emergence of self-driving car fleets in 5-10 years may cause a lot of us to rethink personal car ownership. When 95% of city dwellers g...
by Cycle
Sun Feb 04, 2018 10:58 am
Forum: Investing - Help with Personal Investments
Topic: How to rebalance
Replies: 4
Views: 310

Re: How to rebalance

Typically re-balancing is automatically turned on, and will rebalance at an interval you specify. You'll need to go in and check your settings online or with customer service. Really? I edited, I thought TSP was just a 401k provider. There is a post explaining some of the intricacies of rebalancing...
by Cycle
Sun Feb 04, 2018 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Can I afford this home?
Replies: 25
Views: 1789

Re: Can I afford this home?

Are you FI at 3% SAWR? I generally view anything before that financial independence point as accumulation mode, and try to keep our costs low until we achieve that. For us, that means maximizing savings (161k/yr from 277k/yr income) through reducing costs (housing currently <10% of net worth... in L...
by Cycle
Sun Feb 04, 2018 10:14 am
Forum: Investing - Help with Personal Investments
Topic: How to rebalance
Replies: 4
Views: 310

Re: How to rebalance

edited: TSP=Thrift Savings Plan, no insights there In years when the stock market plummets, rebalancing means buying more stocks. In years like now, typically the rebalancing means selling stocks and buying bonds. Within a 401k account you are typically just specifying the percentages you want not t...
by Cycle
Sat Feb 03, 2018 10:00 am
Forum: Investing - Help with Personal Investments
Topic: Your S&P Rebalance Numbers?
Replies: 11
Views: 928

Re: Your S&P Rebalance Numbers?

We just rebalance in our 401k's quarterly automatically through Aon Hewitt, our 401k provider. 91.3% of our investible assets / 64.3% of net worth are in roth or 401ks (ages 34/35). We keep all our roth in VTIAX. I would initiate a rebalance at 5% offset from AA, but it's never happened. If the mark...
by Cycle
Thu Feb 01, 2018 9:09 pm
Forum: Personal Consumer Issues
Topic: New car - how much can we afford?
Replies: 78
Views: 5545

Re: New car - how much can we afford?

Id be looking for daycare within 1-2 minutes of home, shortest commute possible, and then after the free-time piece of my life was optimized, I'd see how much it would cost to Uber/rent cars vs. own. If buying, I'd try to buy back my 06 honda Accord.
by Cycle
Thu Feb 01, 2018 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Opportunity to buy company stock at a discount
Replies: 30
Views: 1573

Re: Opportunity to buy company stock at a discount

I do 15% of salary for the 15% discount. I sell the lots when they become ltcg, 1yr, after the dividend payout dater. The company stock is very stable, but pays a nice dividend.

Sometimes fidelity warns that it could be counted as ordinary income despite it being 1yr holding... Never looked into it.
by Cycle
Thu Feb 01, 2018 11:38 am
Forum: Investing - Theory, News & General
Topic: Anyone else cashing out on *some* of the crazy earnings?
Replies: 74
Views: 8192

Re: Anyone else cashing out on *some* of the crazy earnings?

This is market timing. I timed the market to pay off the mortgage a year or two ago. I lost probably 10-15k on that due to last years spectacular gains, but I have no regrets. Debt free life is simpler.
by Cycle
Wed Jan 31, 2018 5:17 pm
Forum: Personal Consumer Issues
Topic: New or used vehicle for new graduate with job?
Replies: 31
Views: 1317

Re: New or used vehicle for new graduate with job?

06 Accord or Camry with 150000 miles. Should cost 3k and last 100,000 miles or more.
by Cycle
Mon Jan 29, 2018 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: Reinvest dividends in taxable account?
Replies: 13
Views: 1016

Re: Reinvest dividends in taxable account?

I had been cashing dividend proceeds out, but that was due to tax-time simplification. Since that's done via CSV upload and I have weekly tax lots, i'm just going to change to reinvesting those dividends. it's 56 annual lots vs 52.
by Cycle
Mon Jan 29, 2018 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: How do you decide how wealthy you really are?
Replies: 58
Views: 7910

Re: How do you decide how wealthy you really are?

When I own a gulfstream G550, I have arrived, in the meantime I'll be stuffing my clothes in my personal-item bag on Spirit airlines.
by Cycle
Mon Jan 29, 2018 12:35 pm
Forum: Personal Consumer Issues
Topic: Neighbor recently burglarized- Suggestions for home security
Replies: 83
Views: 6573

Re: Neighbor recently burgalerized - Suggestions for home security

Have fake jewelry at home, let them steal and find out it’s not worth their trouble. In short, keep nothing of significant value at home, except in my case, it’s a large baby grand piano. The only thing I'd be upset about would be my 1928 studio upright with ivory keys, but getting that down the st...
by Cycle
Mon Jan 29, 2018 12:24 pm
Forum: Personal Consumer Issues
Topic: Neighbor recently burglarized- Suggestions for home security
Replies: 83
Views: 6573

Re: Neighbor recently burgalerized - Suggestions for home security

Sell anything worth stealing. Wear the expensive jewelry. All my wife's jewelry is cheap, except the 2.5ct engagement ring, but that is insured. Personally, I think security systems are just one more doo-dad to shop for / distract us from what is important. We have many break ins in our neighborhood...
by Cycle
Mon Jan 29, 2018 7:34 am
Forum: Personal Finance (Not Investing)
Topic: How much have kids added to your personal finance/expenses?
Replies: 111
Views: 8164

Re: How much have kids added to your personal finance/expenses?

I think you are thinking about this the wrong way. First, do you want to have kids? Second, how many? Third, do it. You can change your decision as to how many depending on how things go. I understand your concern as to costs. In hindsight, after paying for the birth, costs should not influence you...