Search found 38 matches

by Snert
Mon Dec 02, 2019 7:57 pm
Forum: Investing - Theory, News & General
Topic: [Dow] dropped 250 points today?
Replies: 100
Views: 7519

Re: S&P dropped 250 points today?

Sorry, I screwed up and meant the DOW. I still don't get all this, but YES I KNOW the stock market goes up and down, but the news said "in one of the worse losses since October" or something. I always love the "worst losses since _____" headlines! Often, the market goes way up after "worst" days. L...
by Snert
Thu Sep 19, 2019 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: 2 weeks notice or No Notice ? save 3.5K or Reputation ?
Replies: 135
Views: 11402

Re: 2 weeks notice or No Notice ? save 3.5K or Reputation ?

While we cannot control the actions of others, we can hold our heads high knowing when we've done the right thing.

You know the right thing to do. Do that.
by Snert
Tue Jul 23, 2019 8:42 pm
Forum: Personal Consumer Issues
Topic: Best way to create a Lego Inventory
Replies: 19
Views: 1614

Re: Best way to create a Lego Inventory

You might like www.airtable.com. It's a cloud-based database that works a lot like a spreadsheet. You can attach photos and sort, filter, or link to your heart's content.
by Snert
Sat May 18, 2019 5:57 am
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 19799

Re: High net worth, elite private or “good” public

Lots of very successful people did not attend elite schools. Many did not complete college.

A second thought is that the experience children receive at home has a mighty influence on their future. That experience may outweigh the experience they have in school. Or vice versa.
by Snert
Thu Apr 25, 2019 3:10 pm
Forum: Personal Consumer Issues
Topic: Folding bikes: Go Brompton or cheaper?
Replies: 27
Views: 2226

Re: Folding bikes: Go Brompton or cheaper?

My wife and I recently purchased Bromptons. I have no experience with other brands of folding bikes, but no other folding bike we've seen in stores or on the street seem nearly as good. We are frequent travelers and plan to take our Bromptons with us everywhere. They also fit nicely in the backs of ...
by Snert
Sat Mar 30, 2019 6:23 am
Forum: Personal Finance (Not Investing)
Topic: Those of you with alot of money, how did you do it?
Replies: 86
Views: 13261

Re: Those of you with alot of money, how did you do it?

Followed my passion for teaching > graduated from college and grad school with no/little debt > started teaching > married a kind and supportive wife > started a side business as a workshop presenter and publishing ed materials > struggled like heck raising 5 kids for the first 20 or so years. The ...
by Snert
Tue Feb 26, 2019 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage vs Invest - Small Business Owner
Replies: 8
Views: 715

Re: Mortgage vs Invest - Small Business Owner

Nice to see so many entrepreneurs chiming in. I agree with others that business owners have unique considerations and, in many cases, we need more liquidity. I do keep my personal and business affairs completely separate, though, and try to keep my business liquidity in my business accounts. I'm abo...
by Snert
Sun Feb 10, 2019 7:53 am
Forum: Personal Consumer Issues
Topic: 3 year old tires installed (Sam's club). Should I do anything about this?
Replies: 104
Views: 9155

Re: 3 year old tires installed (Sam's club). Should I do anything about this?

Interesting - it's never occurred to me to check the manufacturing date of new tires. I happened to have a set replaced last week on an SUV I bought new in the summer of 2016. I had the original tires replaced because they were getting noisy, but they still had quite a bit of thread left. When I men...
by Snert
Wed Dec 12, 2018 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: learning excel
Replies: 21
Views: 2238

Re: learning excel

mancich wrote:
Wed Dec 12, 2018 2:39 pm
I recommend ExcelisFun on YouTube. The teacher, Mike Girvin, has videos going back 8 or 9 years with topics from all the basics up to advanced tools. Very clear teaching style, and great for advanced users too, with topics like Power Query, Power Pivot, and Power BI.
+1!
by Snert
Thu Sep 20, 2018 3:35 am
Forum: Investing - Theory, News & General
Topic: Small business owners - sourcing commercial real estate lenders?
Replies: 3
Views: 462

Re: Small business owners - sourcing commercial real estate lenders?

Long-time entrepreneur here. I bought a commercial office building recently and negotiated seller-financing with favorable terms. During my due diligence period, I contacted a number of banks, including the one I've used for many years, a few regional banks, and a couple community banks. I was surpr...
by Snert
Wed Aug 29, 2018 8:43 pm
Forum: Personal Consumer Issues
Topic: Body language coach?
Replies: 26
Views: 3083

Re: Body language coach?

I second (third?) the Toastmaster's idea. Toastmasters is a GREAT way to get comfortable talking with others. And you'll probably make some new friends along the way!
by Snert
Wed Aug 15, 2018 3:14 am
Forum: Personal Consumer Issues
Topic: Sidewalk repair - price in line?
Replies: 32
Views: 2319

Re: Sidewalk repair - price in line?

I paid $2265 for 154 square feet of sidewalk repair a few months ago. The contractor dug out the damaged sections, built forms, poured the new sections, and removed the forms a few days later. No permit required in my area (suburban Atlanta).
by Snert
Sat Aug 04, 2018 8:17 am
Forum: Personal Investments
Topic: $100k Liquid, 21, no college education
Replies: 25
Views: 2671

Re: $100k Liquid, 21, no college education

Speaking as a community college dropout and entrepreneur of 20+ years, I agree with @student. If you figured out how to start and build a business, you don't need a college degree. You can continue to build the business you already have, you can build another business, you can consult, you can inves...
by Snert
Fri Jul 20, 2018 6:01 am
Forum: Personal Investments
Topic: BH- Need advise for 45 year old
Replies: 22
Views: 2233

Re: BH- Need advise for 45 year old

it never has to be all or nothing. Sell one property and see how that goes? +1 I like this idea. It reduces your risk, but keeps you invested in real estate with your remaining property. Also, if you choose to refinance your primary, you'd probably reduce your minimum payment and that will help wit...
by Snert
Tue Jul 17, 2018 10:30 am
Forum: Personal Consumer Issues
Topic: Trouble with Face ID on Vanguard App for iPhone X?
Replies: 5
Views: 1304

Re: Trouble with Face ID on Vanguard App for iPhone X?

I have the same issue with fingerprint ID my older iPhone. Works a couple of times then quits. I just use the password through my password manager. It’s not worth the hassle to keep re-loading the app and resetting things over and over. This is probably where I'm going to end up. A complication, ho...
by Snert
Tue Jul 17, 2018 10:27 am
Forum: Personal Consumer Issues
Topic: Trouble with Face ID on Vanguard App for iPhone X?
Replies: 5
Views: 1304

Re: Trouble with Face ID on Vanguard App for iPhone X?

do you have issues with faceID on other apps? i would rescan your face, watch some youtube tutorials to get it perfect. then try again. otherwise, i also would bet its probably an issue with the app. No issues with Face ID on other apps. Also unlocks the phone consistently and simply, even in the d...
by Snert
Sat Jul 14, 2018 6:28 pm
Forum: Personal Consumer Issues
Topic: Trouble with Face ID on Vanguard App for iPhone X?
Replies: 5
Views: 1304

Trouble with Face ID on Vanguard App for iPhone X?

I just upgraded to an iPhone X and I'm having trouble getting the Vanguard app to work with Face ID. When I attempt to use the feature (which happens automatically when I open the app), I get an error saying that my logon credentials are incorrect. At that point, I can enter my password manually and...
by Snert
Fri May 25, 2018 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Buy an old farmhouse?
Replies: 52
Views: 6142

Re: Buy an old farmhouse?

Here's a relevant blog site worth checking out...

http://www.frugalwoods.com/
by Snert
Fri Apr 20, 2018 2:05 pm
Forum: Personal Consumer Issues
Topic: So many problems I can't even figure out how to prioritize them
Replies: 27
Views: 3548

Re: So many problems I can't even figure out how to prioritize them

You might consider Maslow's hierarchy of needs, which places priority on air to breathe, water to drink, food to eat, sleep, clothing and shelter. In fact, you're far ahead of many in the world if you reliably have access to all of those things. With all those things reliably covered, I'd probably f...
by Snert
Tue Apr 03, 2018 4:56 pm
Forum: Personal Consumer Issues
Topic: Health club memberships
Replies: 34
Views: 4349

Re: Health club memberships

I recently joined LA Fitness. I paid $818.76 cash for a 3-year membership that allows me to visit any LA Fitness location. The initiation fee was waived or rolled into the amount I paid, making my effective rate ~$22.75/mo.
by Snert
Sat Mar 03, 2018 8:58 pm
Forum: Personal Investments
Topic: Lost My Way - Advice Needed
Replies: 44
Views: 5376

Re: Lost My Way - Advice Needed

Hang on a second. Some folks are suggesting that you should take the loss and start over. I wouldn't be so quick to do that, personally. If I'm reading correctly, you managed to create a $75K portfolio in 4 years flat. You're about 31 years old, so your time horizon is long and your best earning yea...
by Snert
Mon Feb 19, 2018 12:32 pm
Forum: US Chapters
Topic: Suggestions for the Wiki
Replies: 466
Views: 330093

Re: Suggestions for the Wiki

Thanks. The footnotes to go with the Rollover chart are also different than reflected on the wiki.
by Snert
Fri Feb 16, 2018 5:59 pm
Forum: US Chapters
Topic: Suggestions for the Wiki
Replies: 466
Views: 330093

Re: Suggestions for the Wiki

The Rollover Chart on section 1.2 of the IRA rollovers and transfers page is out of date.

The current version is located here (PDF). Specifically, it is now allowable to rollover a traditional IRA to a Simple IRA, though there may be other changes, as well.
by Snert
Fri Feb 16, 2018 3:06 pm
Forum: Personal Investments
Topic: Tax efficiency of VFMF US Multifactor ETF?
Replies: 6
Views: 2016

Re: Tax efficiency of VFMF US Multifactor ETF?

Appreciate the thoughts. Thanks, all.
by Snert
Thu Feb 15, 2018 8:30 pm
Forum: Personal Investments
Topic: Tax efficiency of VFMF US Multifactor ETF?
Replies: 6
Views: 2016

Tax efficiency of VFMF US Multifactor ETF?

I like the idea of Vanguard's new US Multifactor ETF (VFMF). Based on the fund's published goals and the fact that it is structured as an ETF, it seems reasonable to believe that VFMF will be tax-efficient.

Any tax-efficiency concerns about holding VFMF in a taxable account?
by Snert
Wed Jan 31, 2018 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Top 1% Net Worth Under 30 Years Old
Replies: 13
Views: 6898

Re: Top 1% Net Worth Under 30 Years Old

Not a direct answer to your question, but an interesting and relevant read:

https://www.financialsamurai.com/the-av ... ge-person/
by Snert
Tue Jan 30, 2018 6:28 am
Forum: Personal Finance (Not Investing)
Topic: Rental property accounting
Replies: 10
Views: 1329

Re: Rental property accounting

I'm using QuickBooks Online to keep track of accounting for an LLC that owns commercial income property. I don't love it, but it's the best thing I've found, so far. I've also tried Xero and QuickBooks Professional, but neither suited my workflow. There are other purpose-made packages (like Argus, f...
by Snert
Wed Dec 20, 2017 3:03 am
Forum: Investing - Theory, News & General
Topic: On Podcasts, timing the market vs Boglehead way - Fear of Missing out
Replies: 16
Views: 1778

Re: On Podcasts, timing the market vs Boglehead way - Fear of Missing out

While I am certainly glad to be a Boglehead, I found myself wanting to convince him on why I was right. He of course was trying to do the same. How do you tackle such situations? Both sides could provide evidence to boost their claims and have all kinds of data to back their arguments. Why can't yo...
by Snert
Sun Oct 29, 2017 6:49 am
Forum: Investing - Theory, News & General
Topic: Help Me Locate Years-old Article on Real Estate Tycoon
Replies: 5
Views: 1220

Help Me Locate Years-old Article on Real Estate Tycoon

Two or three years ago, I read an article about a real estate tycoon that had sustained heavy losses during the Great Recession, only to re-emerge as a more conservative investor several years later. If memory serves, the article appeared in Forbes or Wired magazine, but I suppose it could have been...
by Snert
Tue Oct 24, 2017 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Explain Borrower Risks for an Interest Rate Swap
Replies: 3
Views: 716

Re: Explain Borrower Risks for an Interest Rate Swap

Valuethinker, thank you for the reply. For the benefit of others, I thought I'd post a bit about the outcome of my decision. Aside from the risks, it became clear that the structure of the rate swap loan made extra principal payments impossible. Between that limitation and the risk that an early pay...
by Snert
Tue Oct 24, 2017 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Pivoting a small business
Replies: 4
Views: 852

Re: Pivoting a small business

I'd say that you're in a GREAT position to "pivot" out of your business. For starters, applying the 4% rule to your 1.6M portfolio, you've potentially got $64K of income right off the bat. That's 91% of your W2 income, according to your post. Just about any job would close the gap and then some. Hav...
by Snert
Fri Sep 29, 2017 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Explain Borrower Risks for an Interest Rate Swap
Replies: 3
Views: 716

Explain Borrower Risks for an Interest Rate Swap

I am shopping for a commercial mortgage and one of the banks has proposed an interest rate swap as a method to secure a competitive fixed rate. I was not familiar with interest rate swaps, so I read up on the topic and I now have a basic understanding of how the process works. What is not as clear t...
by Snert
Wed Sep 20, 2017 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Corporate Net Worth Tax
Replies: 1
Views: 479

Re: Corporate Net Worth Tax

Googling this topic, it seems that the filing status of an LLC determines whether or not it is subject to the Georgia Net Worth tax. From the Georgia Dept of Revenue website ( https://dor.georgia.gov/net-worth-tax-corporations#field_related_links-486-4 ): Is a disregarded single member LLC subject t...
by Snert
Wed Sep 13, 2017 7:41 pm
Forum: Personal Investments
Topic: Full-Time Business Owners Planning & Financial Advice
Replies: 8
Views: 1231

Re: Full-Time Business Owners Planning & Financial Advice

Hello. Longtime (20+ years) professional services business owner here. I own an Inc 5000 company and I do my own books (Quickbooks Pro). You can learn to do the same and it will make you a better entrepreneur. Manage your finances well and your business will be worth more when and if you decide to s...
by Snert
Mon Jul 10, 2017 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Job opportunity - increase in compensation but also much longer commute
Replies: 25
Views: 2576

Re: Job opportunity - increase in compensation but also much longer commute

Wow. It certainly seems like a new job is your best bet. Have you done the math on that commute, though? It sounds terrible! 1 hr 10 mins x 2 (each direction) = 2 hrs 20 mins per day 2 hrs 20 mins x 5 days per week = 11 hrs 40 mins per week 11 hrs 40 mins x 50 weeks per year = 583 hrs 20 mins per ye...
by Snert
Mon Jul 10, 2017 11:25 am
Forum: Personal Investments
Topic: Vanguards assistance in setting up small business simple IRA
Replies: 12
Views: 1437

Re: Vanguards assistance in setting up small business simple IRA

Earl Lemongrab wrote:I know that for the i401(k) plans Vanguard doesn't allow Admiral or ETF shares. I don't know if that's the case for SIMPLE IRAs.
I have not had any trouble purchasing Admiral funds in my Simple IRA. I don't own any ETFs, but I'm not aware of any restrictions.
by Snert
Sun Jul 09, 2017 8:10 pm
Forum: Personal Investments
Topic: Vanguards assistance in setting up small business simple IRA
Replies: 12
Views: 1437

Re: Vanguards assistance in setting up small business simple IRA

I have a Vanguard Simple IRA set up for my business. What kind of feedback are you looking for?