Search found 69 matches

by FIREmeup
Sat Nov 28, 2020 6:32 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house in NJ, how much to spend?
Replies: 75
Views: 4920

Re: Buying a house in NJ, how much to spend?

The taxes in NJ are killing me. So conflicted about this -- we give tens of thousands of dollars to NJ each year for little apparent benefit. We're considering moving to Fla or perhaps somewhere near Nashville -- my wife and I would also both make more money in our careers in those places, in addit...
by FIREmeup
Wed Oct 07, 2020 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: How do you keep from getting burned out?
Replies: 70
Views: 8041

Re: How do you keep from getting burned out?

I have a very sedentary job, despite not being a very sedentary person. That is my hardest obstacle as my job does do what I need, provide for my family, with the opportunity for most money in shortest time. Nothing makes me reset like hiking. Something about shutting off the phone and going on a lo...
by FIREmeup
Mon Sep 14, 2020 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Paying off sub 4% mortgage interest rate early
Replies: 167
Views: 14794

Re: Paying off sub 4% mortgage interest rate early

I have a 3.875% mortgage that is about 10 years old. I came out of college with a high risk, high earning potential job that could be legislated out of existence and if current polls and campaign promises hold, will be pretty soon. My highest earning year so far, was followed with two successive 50%...
by FIREmeup
Fri Aug 14, 2020 9:45 am
Forum: Personal Finance (Not Investing)
Topic: More than 20% downpayment?
Replies: 10
Views: 588

Re: More than 20% downpayment?

I had a high paying job that was in no way secure. My wife and I saved a lot early on and when we bought a house we bought it based on a more realistic joint salary if my job were to go away the next day. We then found a house and put down 50% to have the desired payment. Still have the job 9 years ...
by FIREmeup
Thu May 07, 2020 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: 15 year mortgage vs 30 year payoff in 15
Replies: 41
Views: 3674

Re: 15 year mortgage vs 30 year payoff in 15

Bought a house in 2012 for 700k with 350k down. I was a few years out of college and had a high paying job that I wasnt sure would last. I chose the 30 year and dutifully paid 1500 to 2000 extra per month which was my bond equivalent. Yes I know it isnt truly equivalent but I am happy with my decisi...
by FIREmeup
Sat Mar 14, 2020 12:14 pm
Forum: Investing - Theory, News & General
Topic: Behavior of ETF’s in last weeks market panic
Replies: 22
Views: 2146

Re: Behavior of ETF’s in last weeks market panic

I am a professional trader. I can confirm some severe price dislocations. The worst thing a normal investor can do is try to panic sell during the market wide 7% halt. For example, SPLV was halted again right after the open then had an opening imbalance go off at $44 before snapping right back to 47...
by FIREmeup
Thu Mar 12, 2020 4:38 pm
Forum: Investing - Theory, News & General
Topic: Educate me on today's treasury market quagmire
Replies: 41
Views: 3238

Re: Educate me on on today's treasury market quagmire

I am a professional trader. The bond ETFs are unbelievably illiquid. They are trading at substantial discount to NAV. The bond market liquidity has completely dried up so hedging by ETF market makers is almost impossible. Money is being raised like it was mentioned because people are calling on thei...
by FIREmeup
Fri Feb 21, 2020 7:08 am
Forum: Investing - Theory, News & General
Topic: "The "Everything Rally" Continues - Will this end badly?
Replies: 144
Views: 13498

Re: "The "Everything Rally" Continues - Will this end badly?

Why is this crazy? We could have a real crazy 20% improve. Then crash 15% and then never be this low again. I know many people who thought they were smart. Selling on the Trump election, selling at S&P 2000, 2500, 3000. They always ask me shortly after when they should get back in and if I'm buy...
by FIREmeup
Tue Feb 11, 2020 11:21 pm
Forum: Personal Investments
Topic: Heavy losses on leveraged ETFs - sell or hold?
Replies: 24
Views: 2826

Re: Heavy losses on leveraged ETFs - sell or hold?

Since you have 25 years left...be happy you had a cheap lesson this early on. Sell. Immediately and index. And in 25 years you will be happy. Most likely.. you said you are down 50%? To break even now you need a 100% gain, or a 33% move in the market. Not many times in history that has happened. If ...
by FIREmeup
Tue Feb 11, 2020 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Having a baby in April 2020 - Whats your best financial advice for a new parent
Replies: 102
Views: 8501

Re: Having a baby in April 2020 - Whats your best financial advice for a new parent

Congrats! Agree with pretty much everything. Get stuff second hand where possible. Start a 529. Enjoy every moment because it flies by. Keep yourself healthy in ways you can control, so you can be there and enjoy your baby. Read books constantly, may seem pointless as they just state and drool on yo...
by FIREmeup
Fri Feb 07, 2020 11:18 am
Forum: Personal Consumer Issues
Topic: Do you buy plastic bags for your home trash bins?
Replies: 99
Views: 7386

Re: Do you buy plastic bags for your home trash bins?

Another vote for costco bags. I grew up using shopping bags for our kitchen garbage. Every time I would take it outside there would be a leak. Chicken juice drips, tomato sauce, other liquified waste. Then spend time cleaning that up. My own house I definitely consider it a luxury. For $14 every 18 ...
by FIREmeup
Fri Jan 31, 2020 2:15 pm
Forum: Personal Consumer Issues
Topic: Amazon price gouging
Replies: 61
Views: 4002

Re: Amazon price gouging

https://www.amazon.com/gp/product/B072P ... UTF8&psc=1

bought this a while ago. Still same price. Refill my more travel friendly purell bottle with it. Soft on the hands. 70% alcohol.
by FIREmeup
Tue Jan 28, 2020 5:39 pm
Forum: Investing - Theory, News & General
Topic: Why dividends are useful
Replies: 55
Views: 4016

Re: Why dividends are useful

There are a lot of people out there who believe that owning dividend-paying stocks renders you immune to market crashes or bear markets, because you will always get paid the same dividends regardless of share price. I'm not sure if OP is one of those people. OP is more one of the "yeah, the pr...
by FIREmeup
Tue Jan 28, 2020 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: New to NYC, ideas where to live just outside the city
Replies: 10
Views: 1086

Re: New to NYC, ideas where to live just outside the city

You can take an NJ Transit M&E Line to Summit. Summit has a nice downtown, much more affordable and has Express trains that are about 35 minutes to Penn Station. Further out is Morristown which has a nice downtown, not Hoboken level big but it works. Many towns along that train line also are goo...
by FIREmeup
Thu Jan 23, 2020 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: $2 million at a young age
Replies: 78
Views: 9227

Re: $2 million at a young age

Take care of yourself first. I recently lost my dad to cancer and even though we prepared for so long, him passing on messed with me for awhile. The raw pain will subside but the ache will never go away. Dont know your circumstance but if it was a sudden loss I cant even imagine that. Either way def...
by FIREmeup
Thu Jan 23, 2020 7:10 am
Forum: Personal Finance (Not Investing)
Topic: $2 million at a young age
Replies: 78
Views: 9227

Re: $2 million at a young age

Sorry for the circumstances that got you this money. Now that you have don't mess it up. Most important thing...do not tell anyone. Probably told your GF already, hopefully she hasnt told people. If you tell your friends they will expect you to pick the bar tabs. Read this site nonstop. Read the her...
by FIREmeup
Sat Jan 18, 2020 10:30 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1849
Views: 236307

Re: Post your Financial Milestone Announcements Here

This morning woke up to investment accounts crossing $2m. Adding in emergency fund, devalued 100k of private equity, which has been horrendous (when I start getting offered stuff it is usually garbage I've found out) and a conservative house value I feel like I can safely say crossed the $3m net wor...
by FIREmeup
Tue Dec 31, 2019 7:32 am
Forum: Personal Investments
Topic: Does my home's equity replace bond investing?
Replies: 50
Views: 2616

Re: Does my home's equity replace bond investing?

I agree with nispirus. It is not the same. Depending on your circumstances I like the idea. I myself have been giving my bond allocation to my mortgage. I have a large emergency fund. I couldn't swallow putting money in a 3% bond fund while I have a 4% mortgage and keep a large cash reserve, like 2 ...
by FIREmeup
Fri Oct 18, 2019 9:33 am
Forum: Personal Investments
Topic: Switching to K-1 income: need help understanding Retirement account savings options
Replies: 7
Views: 863

Re: Switching to K-1 income: need help understanding Retirement account savings options

@FIREmeup: I would not be so caviler about this. If you materially participate in a partnership. You have self-employment income whether the partnership reports it correctly or not. You are still liable for properly reporting and paying the income AND SE taxes, not the partnership. This is no diffe...
by FIREmeup
Fri Oct 18, 2019 6:50 am
Forum: Personal Investments
Topic: Switching to K-1 income: need help understanding Retirement account savings options
Replies: 7
Views: 863

Re: Switching to K-1 income: need help understanding Retirement account savings options

I am paid on a K-1. It depends what box the firms accountants put the payout in on the K-1. That will be what matters. I've been to 5 different accountants because mine is in a box that essentially equates to unearned income. Because of that, I am not able to give to any IRA, spousal IRA, SEP IRA. I...
by FIREmeup
Mon Oct 07, 2019 6:30 am
Forum: Personal Finance (Not Investing)
Topic: Tactics to pay off Mortgage Early??
Replies: 63
Views: 7620

Re: Tactics to pay off Mortgage Early??

As you can see there are many different opinions on this personal finance subject. Mathematically does it make sense to pay it off early? Historically, no. But who knows what the next 15 years will bring. My wife and I determined we do want to pay it off smartly. First you should max out tax deferre...
by FIREmeup
Wed Sep 11, 2019 10:51 pm
Forum: Investing - Theory, News & General
Topic: Day Trading for a Living?
Replies: 44
Views: 4480

Re: Day Trading for a Living?

I am a proprietary trader going on 13 years. Basically a day trader. The discipline needed to sit there for 7 hours a day is hard to come by. If you make a mistake you are severely punished. It has gotten harder over the years. Some people at my firm make intergenerational amounts of money. Many mak...
by FIREmeup
Tue Sep 03, 2019 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Paying off mortgage early - am I thinking about this right?
Replies: 127
Views: 12177

Re: Paying off mortgage early - am I thinking about this right?

You sound like me. $350k mortage at 3.875% than began in early 2012. I decided to place my bond allocation stated in my IPS into my mortgage. Over the years it has equaled about 1500 to 2000 a month extra on average. Unquestionably in retrospect I should have just put it all in the market. But, pers...
by FIREmeup
Wed Aug 28, 2019 6:39 am
Forum: Personal Consumer Issues
Topic: Purchasing a truck - thoughts?
Replies: 105
Views: 7501

Re: Purchasing a truck - thoughts?

I have a 2nd Gen Ridgeline. Couldn't be happier. You sound a lot like me. Often taking loads of brush to the recycling center and getting gardening and other materials from home depot on the weekend. The ridgeline is the only non full size pick up where u can lay a 4 x 8 plywood sheet in the bed fla...
by FIREmeup
Tue Aug 27, 2019 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: paying off 15 year vs 30 year fixed rate mortgage
Replies: 53
Views: 3955

Re: paying off 15 year vs 30 year fixed rate mortgage

I was in your position about 8 years ago. High paying job that I didnt know if it would last. Took the 30 year and pretended it was a 15 and used my mortgage as my bond allocation. Yeah the higher interest rate was the insurance fee I paid if my income did get cut. It was a 3.875% vs 3.5%. Should be...
by FIREmeup
Mon Jul 22, 2019 10:57 am
Forum: Personal Consumer Issues
Topic: Your pick for a lawn edger
Replies: 30
Views: 2677

Re: Your pick for a lawn edger

If you are seeking for maintenance of edges and beds I would recommend an electric trimmer. I bought a WORX trimmer/edger 2 years ago and it has been fantastic. I am very anti electric but for this case it is extremely easy for me to grab it and edge 100 feet of side walk (both sides), 100 feet of c...
by FIREmeup
Fri Jul 19, 2019 10:00 pm
Forum: Personal Consumer Issues
Topic: Glacier National Park
Replies: 19
Views: 2600

Re: Glacier National Park

I've copy and paste what I quickly wrote up for a few friends who visited after we went in September 2014. We combined it with a trip up to Banff and Lake Louise for some hiking up there. You chose a great time as the crowds are less and everything should still be open. By then it can be pretty chil...
by FIREmeup
Tue Jul 16, 2019 6:46 am
Forum: Personal Investments
Topic: Switching from passive to active management
Replies: 106
Views: 9833

Re: Switching from passive to active management

Hmm. I dont know. I'm about 80/20 and in December I was down over 150k from the top. And I can be pretty sure I am nowhere the vicinity of your portfolio size if you are even considering 500k in fees a year. So 70/30 is probably going to make you queasy and have you pull out at the worst time with B...
by FIREmeup
Tue Jul 09, 2019 10:43 pm
Forum: Personal Consumer Issues
Topic: Grilling with wood fire
Replies: 12
Views: 1507

Re: Grilling with wood fire

I use lump charcoal for my smoker. Not what you are asking but seeing others mentioned it I wanted to offer my advice for starting the fire. If using a chimney starter nothing works better than instafire. https://www.amazon.com/Instafire-Charcoal-Briquette-Starter-Pouches/dp/B00FS37QD8/ref=mp_s_a_1_...
by FIREmeup
Tue Jul 09, 2019 4:10 pm
Forum: Personal Consumer Issues
Topic: Buying a Smoker
Replies: 154
Views: 13392

Re: Buying a Smoker

Wife bought me a 22 inch WSM for our first anniversary and I love the thing. Yes more hands on than an electric smoker but once you get to know it, as long as not crazy wind or below freezing, I can leave it for about 6 hours and it will stay within 15 degree range. I do wish for an electric smoker ...
by FIREmeup
Wed Jun 26, 2019 11:34 am
Forum: Personal Consumer Issues
Topic: Favorite mountain lodge destinations in the west?
Replies: 49
Views: 4879

Re: Favorite mountain lodge destinations in the west?

I'll throw another vote for Lake Louise Chateau. Sounds like it meets all your criteria. The hotel itself is impressive and breaktaking and it has the most breathtaking views.They have fine dining restaurants and also a more relaxed bar scene downstairs. A short drive to Banff, and many other places...
by FIREmeup
Wed Jun 12, 2019 6:17 am
Forum: Personal Finance (Not Investing)
Topic: How are your 30s financially different than your late 20s?
Replies: 47
Views: 6248

Re: How are your 30s financially different than your late 20s?

Wife and I, 35 and 34, 2 young kids. Life definitely changes with kids as you know. At 30 is where I definitely felt a change in physical well being. In your 30s you have to eat healthier. Stay ahead of the curve. I see it with my older friends and family, they carried their extra weight through the...
by FIREmeup
Tue Jun 11, 2019 6:44 am
Forum: Personal Consumer Issues
Topic: Anything you wish you had spent money on when you were younger?
Replies: 73
Views: 7959

Re: Anything you wish you had spent money on when you were younger?

My eternal struggle. I was lucky right out of college, made a lot of money still living on a college budget. Saved a ton. Enjoyed a lot of time locally with friends and family and though many friends were grinding working ungodly hours and weekends setting themselves up, my job was stock trading and...
by FIREmeup
Fri Jun 07, 2019 1:37 pm
Forum: Personal Consumer Issues
Topic: Gillette Fusion razors
Replies: 57
Views: 5633

Re: Gillette Fusion razors

https://www.walmart.com/ip/Gillette-Fusion5-Men-s-Razor-Blades-Choose-Count/14071268 Walmart is cheaper by a few bucks. I love the gilette fusion 5. Mach 3 is good. Schick did awful things to my face. Looked like I used a cheese grater. Obviously this is more expensive than other options but I am li...
by FIREmeup
Tue May 07, 2019 11:03 am
Forum: Personal Finance (Not Investing)
Topic: 529 Question--one per child, or one per family?
Replies: 13
Views: 1197

Re: 529 Question--one per child, or one per family?

So the generosity of the grandfather is fantastic. I would use multiple accounts, it really isnt hard. I studied this a bit a few years ago so if I am wrong or it has changed hopefully someone corrects me. Now the one problem is potential need based aid the student may get can potentially be hurt by...
by FIREmeup
Fri May 03, 2019 3:35 pm
Forum: Personal Investments
Topic: Company IPO'd. What's Next?
Replies: 37
Views: 4585

Re: Company IPO'd. What's Next?

Congrats! I'd have to assume you a reasonably smart guy. No reason to go with a AUM fee advisor because with the help of the people here, you can do it yourself. That fee is the same thing as writing a $3k a month check to your advisor who will happily be your best friend for that amount. Being you ...
by FIREmeup
Wed May 01, 2019 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: What if I Never Buy a House?
Replies: 109
Views: 17484

Re: What if I Never Buy a House?

I think you should be making a lifestyle choice within the confines of your budget. To say oh I'm a renter I dont have to pay taxes and the maintenance is crazy talk unless you have a landlord who likes losing money. I have friends that think I'm nuts for spending 35 minutes a week cutting my lawn. ...
by FIREmeup
Mon Apr 29, 2019 6:34 am
Forum: Personal Finance (Not Investing)
Topic: Daughter's First Job
Replies: 45
Views: 4025

Re: Daughter's First Job

I am surprised by all the negative comments for the young lady wanting to stay home a few years to save. Everything is so expensive and that is one of the prime times to give yourself a solid foundation. Coming out of college still living a low cost college life style and now having money coming in....
by FIREmeup
Tue Apr 23, 2019 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: What, if anything, do I owe this guy?
Replies: 82
Views: 9124

Re: What, if anything, do I owe this guy?

When I've dealt with con artists that try and scam you, in my case a mold remediation guy recently, he knows it is a ridiculous proposal and probably knows not to even try and sell you harder after you figured him out. Was that 2% on physical gold and home equity for real? Wow. Do not feel bad for o...
by FIREmeup
Tue Apr 23, 2019 3:47 pm
Forum: Personal Consumer Issues
Topic: At what age did you buy your first first class airplane ticket?
Replies: 112
Views: 5479

Re: At what age did you buy your first first class airplane ticket?

Outside of our honeymoon our trips have been mostly hiking trips or fly out the next day purchases. Since they are hiking trips never felt the need to get too cozy on the plane. The honeymoon was $700 each nonstop to Hawaii from NYC or $2.5k each. Went with coach. I'm tall so if I was ok my wife was...
by FIREmeup
Mon Apr 22, 2019 11:17 am
Forum: Personal Consumer Issues
Topic: Montana / Wyoming Summer Trip Ideas
Replies: 29
Views: 2702

Re: Montana / Wyoming Summer Trip Ideas

As many have said these parks can be very crowded and getting a spot in the parks at this point will be difficult. There is so much in this area you will need to come back. We did a trip September 2015 where we started in Glacier. Many hiked of varying difficulty. Trail of the Cedars very short boar...
by FIREmeup
Tue Apr 16, 2019 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Do not use Personal Capital
Replies: 172
Views: 39151

Re: Do not use Personal Capital

I thought anyone who signs up for this would know you are basically providing Personal Capital with a cold call list, where they can give you the best sales pitch since they know everything about you up front. I went back and forth early on about the security issues. I have accounts at several of th...
by FIREmeup
Mon Apr 15, 2019 9:47 pm
Forum: Personal Consumer Issues
Topic: Banff/Lake Louise Winter Trip
Replies: 5
Views: 1067

Re: Banff/Lake Louise Winter Trip

Been in the summer for hiking and it has to be one of my favorite places. There were the tea house hikes and ink pots and others while we stayed at Fairmont Chateau. I dont know about in the winter but Johnston Canyon was well traveled with many people. I dont think there is a need for a guide for t...
by FIREmeup
Tue Apr 09, 2019 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Infertility treatments/insurance/job situation
Replies: 44
Views: 3899

Re: Infertility treatments/insurance/job situation

Do all the testing, especially if it is covered. That will potentially give you a better idea of where the problem lays and the doctors will give you better information what can be most successful. I am also in NJ and used RMA. Highly recommend. They have radically better fertility rates, though if ...
by FIREmeup
Thu Mar 21, 2019 4:24 pm
Forum: Personal Consumer Issues
Topic: When is it time for a new smartphone?
Replies: 66
Views: 5067

Re: When is it time for a new smartphone?

Had a samsung S5 from December 2015. End of 2018 was crashing constantly, slow as molasses. Then I placed it down like I normally do and the screen changed colors. Next time I put it down the touch screen stopped working. December 2018 caught an S9 sale at best buy for $435 on Verizon. Was going to ...
by FIREmeup
Thu Mar 14, 2019 6:38 am
Forum: Personal Investments
Topic: Should we pay down 4% loan more quickly or invest in bonds?
Replies: 42
Views: 3591

Re: Should we pay down 4% loan more quickly or invest in bonds?

How I see it: You are young. You bring in good money. You want to have kids. You have a nice chunk of debt. You have job security, your wife has super job security. I really think this is an easy one. Max out your tax sheltered space. This is a no brainer no matter who you are. I think paying down y...
by FIREmeup
Mon Feb 25, 2019 4:38 pm
Forum: Personal Consumer Issues
Topic: Is Hyundai the value sweet spot?
Replies: 139
Views: 16212

Re: Is Hyundai the value sweet spot?

My family and my wife's whole family, before I met her all bought Hyundais in the 2008ish area. I bought an Elantra in 2012 with intent to keep it for a long time. The whole family had nothing but problems. We had a head gasket leak on a Santa Fe that spewed oil onto the alternator and shorted it ou...
by FIREmeup
Fri Feb 15, 2019 5:14 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 450927

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

First of all, thank you for this thread; I appreciate it. 1) Some people in this thread have expressed fear that if too many people pile on this strategy, it will stop working. How realistic is this fear? The underlying S&P 500 stocks and LTT bonds have enormous market cap, so changing the UPRO...
by FIREmeup
Thu Feb 14, 2019 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: NYC area, buying first home- where to begin?
Replies: 22
Views: 2420

Re: NYC area, buying first home- where to begin?

I like the above poster take the route 46/80/3 bus to work from Parsippany. Your work hours matter. I have the option to shift my hours when I do go in. If I am on the 7AM bus I pull into Port Authority by 745 80% of the time. If I take the 715AM bus, I will arrive after 815AM 80% of the time. The 1...
by FIREmeup
Mon Feb 04, 2019 4:57 pm
Forum: Personal Investments
Topic: Strategies for mortgage pay down
Replies: 32
Views: 3231

Re: Strategies for mortgage pay down

Ill take a crack at option 4. May not be the most efficient but working well for me I started working in 2007, bought a house in 2012. Debt averse and do not like owing money to anyone. I made sure all tax advantage accounts maxed out, and with my leftovers each month I invested by my IPS but my bon...