Search found 472 matches

by BanquetBeer
Thu Jul 02, 2020 7:00 am
Forum: Personal Consumer Issues
Topic: Thought about buying a small motor home, but the market is crazy
Replies: 70
Views: 4143

Re: Thought about buying a small motor home, but the market is crazy

Isn't summer almost over now? What is the rush? Everything is scarce right now and all these deals everyone was projecting haven't panned out. I was looking for an RV also because I grew up camping and now have been camping yearly with my first kid. I was told to go camping as a family *requires* ac...
by BanquetBeer
Tue Jun 30, 2020 8:50 am
Forum: Investing - Theory, News & General
Topic: Retirement: Withdrawing from cash when do u replenish?
Replies: 37
Views: 2393

Re: Retirement: Withdrawing from cash when do u replenish?

I would imagine good years you sell stock and don’t touch the cash and then bad years you touch the cash and don’t sell the stock but I’m curious to hear other peoples insights
by BanquetBeer
Tue Jun 16, 2020 9:41 am
Forum: Personal Consumer Issues
Topic: Flexing your frugality - are 0% loans to friends wrong?
Replies: 54
Views: 3190

Re: Flexing your frugality - are 0% loans to friends wrong?

I have all kinds of personal cravats around loans: 1) this doesn't include being out and a friend with money just doesn't have access to it. (like at an event that doesn't accept credit cards and they need to borrow some money, or the event only accepts credit cards and they only have cash). As I am...
by BanquetBeer
Sun Jun 14, 2020 12:17 pm
Forum: Personal Consumer Issues
Topic: Really hard to avoid "Keeping up with the Joneses"!
Replies: 313
Views: 31831

Re: Really hard to avoid "Keeping up with the Joneses"!

Definitely see people’s insecurities. I always viewed it as if they want to spend $20k/yr on a car and I want to spend the same $20k/yr on savings, those are our own preference. The only time I get bothered if is the car person complains they don’t have savings/spending money... that’s just about la...
by BanquetBeer
Sat Jun 13, 2020 6:52 am
Forum: Personal Finance (Not Investing)
Topic: 3 month Electricity
Replies: 3
Views: 765

Re: 3 month Electricity

Prices have changed some since I last looked, will have to rerun some quick calculations base on the options: 36 month, 9 cents/kWh, $135 cancellation 6 month, 10.7 cents/kWh, $20/mo cancellation 3 month, 12.4 cents/kWh Previously it would have been cheaper to pay the cancellation on the 36 or 6 mon...
by BanquetBeer
Fri Jun 12, 2020 9:46 am
Forum: Personal Consumer Issues
Topic: Do-it-yourself dental calculus remover
Replies: 12
Views: 1825

Re: Do-it-yourself dental calculus remover

You go to dentist twice a year? I’ve found flossing, on top of brushing, helps keep buildup at bay. If you gotta go DIY, why not just buy a manual, metal, dental tool? The hygienists aren’t really “gentle”, but maybe the dentist has an opinion on whether that would also remove enamel, in your hands...
by BanquetBeer
Fri Jun 12, 2020 8:33 am
Forum: Personal Consumer Issues
Topic: Do-it-yourself dental calculus remover
Replies: 12
Views: 1825

Re: Do-it-yourself dental calculus remover

I get some deposits on my teeth. Dentist recommended avoid whitening toothpaste - just go with regular (I use the trade joes baking soda one now) and it has greatly reduced build up on my teeth. Some years ago I bought a manual dental tartar scraper - I use it in between cleanings, maybe every 2 mon...
by BanquetBeer
Thu Jun 11, 2020 2:00 pm
Forum: Personal Consumer Issues
Topic: 2 cars, one driver. Should I sell one?
Replies: 45
Views: 3015

Re: 2 cars, one driver. Should I sell one?

What does mid to high 6 figure income mean?

To me that means 500-800k. If that is the case, it doesn't really matter what you do.

However when many people say that, they mean mid-high 1XX,000 income (like 150-180k). In that case you could benefit from optimization.
by BanquetBeer
Tue Jun 09, 2020 5:27 pm
Forum: Personal Investments
Topic: Investing for a Waterfront Home
Replies: 17
Views: 1912

Re: Investing for a Waterfront Home

Do you want to live in an expensive area? There are some rural lake homes you can move to for $100k or less (even build you own). Livingston area has some (not on lake Livingston)
by BanquetBeer
Tue Jun 09, 2020 10:11 am
Forum: Investing - Theory, News & General
Topic: Why does doing Roth conversions early yield higher disposable income?
Replies: 61
Views: 3717

Re: Why does doing Roth conversions early yield higher disposable income?

one thing that keeps coming up for me is: if I spread out roth conversions to much, I will never get to take advantage of the 0% LTCG rates because the conversion fills up that bottom space. Would it be better to: 1) Convert twice as much Roth in year one and capture 0% LTCG in year 2? 2) Spread out...
by BanquetBeer
Tue Jun 09, 2020 9:56 am
Forum: Personal Investments
Topic: Asking for a friend...How would you analyze and advise
Replies: 21
Views: 1572

Re: Asking for a friend...How would you analyze and advise

Based on the information I heard, Oxy didnt sound very optimistic. I would not be investing in a big onshore player these days. It sounded like the senior executive team were really looking at bankruptcy just a couple weeks ago. We are opening up but we could also face major headwinds (all the recen...
by BanquetBeer
Tue Jun 09, 2020 9:46 am
Forum: Personal Finance (Not Investing)
Topic: 3 month Electricity
Replies: 3
Views: 765

3 month Electricity

For the last ~2 years I have used 3 month electric contracts to minimize cost. My bill that closed today came in at $0.065/kWh (2,190 kWh for $143). I am up for renewal here in 1-3 weeks but when I look at the websites, it seems 3 month contracts are all of a sudden missing. I don't know if this is ...
by BanquetBeer
Wed May 27, 2020 7:48 am
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 370
Views: 31179

Re: The axe falls and I am prepared. What's next?

Klang, Sorry to hear. As I am sure you are aware, layoffs are a stressful time to go through. I was busy last week so didnt read this thread until today. If anyone would get a 7 pages of response it is you lol. You're a highly regarded poster. Skipping the responses in the middle, I personally would...
by BanquetBeer
Tue May 26, 2020 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 2610
Views: 208733

Re: Refinance Mega Thread

I see a lot of people saying "no cost" but Better's 'no cost' option had like $3000 for appraisals, gov fees, etc. is this typical? We may move in 3-5 years (maybe not) so I don't want to go through the effort for almost break even. Currently about $215k@4% in Texas. Any thoughts on this? Wouldn't m...
by BanquetBeer
Thu May 21, 2020 8:27 am
Forum: Personal Consumer Issues
Topic: Furniture for an infant in the living room
Replies: 46
Views: 2577

Re: Furniture for an infant in the living room

Baby carrier works best (you will go through a few of them until you find what is comfortable for you). Keep in mind you will want the baby on your back when cooking (reversible) - also how big are you? We are big (tall, not fat) and the weight/height limit was important for our carriers. From there...
by BanquetBeer
Wed May 20, 2020 9:46 am
Forum: Personal Investments
Topic: $15,000 bonus
Replies: 20
Views: 2793

Re: $15,000 bonus

Taxable if you want "flexibility" and want to pay taxes. 529 if you really want to fund education and want 20+ years of tax-free growth (There is a HUGE tax break in EVERY state - even those without a deduction for deposits - tax-free growth of your money over many years :) ). Per 10k; lets say I m...
by BanquetBeer
Wed May 20, 2020 7:50 am
Forum: Personal Investments
Topic: $15,000 bonus
Replies: 20
Views: 2793

Re: $15,000 bonus

I also agree with Roth. That space will be gone forever if you do not use it this year. You can always pay for college from income/cash when they go. If you don't earn enough that you always max out your Roth - your tax benefit from 529 is likely not significant. I would max roth moving forward and ...
by BanquetBeer
Mon May 18, 2020 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: How did you determine your target savings rate?
Replies: 109
Views: 4804

Re: How did you determine your target savings rate?

Just use excel and assume some Real interest rate (Maybe 6%) Play with your income. Maybe check out +/-10% How does that impact your retirement time? More importantly how does that impact your spend? If I look at spending, an extra $500/mo is not significant to my enjoyment. It is somewhat significa...
by BanquetBeer
Fri May 15, 2020 7:22 pm
Forum: Personal Investments
Topic: [Tax issues - Sell before transfer, or transfer in kind?]
Replies: 8
Views: 757

Re: Does it Matter

It could go either way on the day between the transfer. (Up or down)

It won’t make a big difference, unless it does. And if it does, what side of the bet will you be on?
by BanquetBeer
Thu May 14, 2020 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Turning 30. Living 30s without regrets
Replies: 87
Views: 9691

Re: Turning 30. Living 30s without regrets

The diet is good, but only if you do as you say above and that is to get regular exercise. Otherwise, all those extra empty calories from eating fat laden oils and foods will fall from your lips to your midsection/hips and stay there. The reason why the Mediterranean diet worked so well for those i...
by BanquetBeer
Sat May 09, 2020 7:54 am
Forum: Personal Investments
Topic: Buying second home
Replies: 20
Views: 2468

Re: Buying second home

Wait, will you move or do you plan to move at some point? Guess I’m trying to understand the utility in buying the home.
by BanquetBeer
Mon May 04, 2020 8:02 am
Forum: Personal Consumer Issues
Topic: [Use basement air to cool 2nd floor?]
Replies: 18
Views: 1214

Re: [Use basement air to cool 2nd floor?]

I would check for radon first.
by BanquetBeer
Mon May 04, 2020 7:51 am
Forum: Personal Consumer Issues
Topic: "Knock" sound when turning right
Replies: 19
Views: 1107

Re: "Knock" sound when turning right

We had both Toyota and an independent look at it. Was not CV joint - they said was related to rack and pinion. Toyota said we should expect it to happen again as this was a wear and tear item. Ours ‘wore out’ at like 60k miles on city roads commuting with 1 person in an empty car. It was if you turn...
by BanquetBeer
Mon May 04, 2020 7:19 am
Forum: Personal Consumer Issues
Topic: "Knock" sound when turning right
Replies: 19
Views: 1107

Re: "Knock" sound when turning right

We had same issue with highlander for years. Toyota said there were no complaints and it must have been us damaging the car. We never fixed it and sold it. Never had any issues with it though (and disclosed to purchaser). Toyota wanted to replace rack. I’d imagine the cars use similar parts. Your be...
by BanquetBeer
Sun Apr 26, 2020 8:38 am
Forum: Personal Consumer Issues
Topic: Have you tracked spending during quarantine?
Replies: 52
Views: 3364

Re: Have you tracked spending during quarantine?

Spending down 20-25% (based on credit card balances). I suspect a bit part is because we are not going to the stores and discovering cool things to buy. (Costco) We are also cooking a lot. Loaf of bread costs $1 to make vs $6-10 buying it. With work from home, it is easy to take a 10 minute break an...
by BanquetBeer
Mon Apr 20, 2020 7:45 pm
Forum: Personal Investments
Topic: Share your experience if you timed the market
Replies: 38
Views: 2377

Re: Share your experience if you timed the market

I had some slush cash (2-3%) that I planned to roll in then the market crashed. Hit 30% down and I thought we might have more to go and was busy with work so I’ll invest tomorrow. Market started to rebound - dead cat bounce? Still sitting here not sure if I missed my opportunity to juice my portfoli...
by BanquetBeer
Fri Apr 17, 2020 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: $1M home purchase - can we afford it?
Replies: 74
Views: 6975

Re: $1M home purchase - can we afford it?

Probably a few years past you and I’m still pushing to keep costs low and grow savings. We have talked about a more $$ house in a few years. More expensive houses are better in high income tax states (they rely less on property taxes). If I were you I would wait until you have/planning on kids to ge...
by BanquetBeer
Sun Apr 12, 2020 6:10 am
Forum: Personal Finance (Not Investing)
Topic: Who else is working longer hours from home with frozen/reduced compensation?
Replies: 26
Views: 3139

Re: Who else is working longer hours from home with frozen/reduced compensation?

My experience has been most managers at most companies want their employees to work more for less. That is the message they broadcast. They don’t know what that means so person A (who is ‘always working’) produces 75% of what person B does (who seems to be slacking off) may be viewed more favorably....
by BanquetBeer
Sun Apr 05, 2020 4:20 pm
Forum: Personal Investments
Topic: Why Do So Many Recommend 70% - 100% Stocks?
Replies: 167
Views: 9666

Re: Why Do So Many Recommend 70% - 100% Stocks?

Why did we ignore inflation again? If you have 600k and need $2mill in 25 years based on today’s dollars... To have $2million in 2020 dollars 25 years from now you would need $3.3 million assuming 2% inflation (low) and the broadcast inflation is actually a decreasing standard of living. But again, ...
by BanquetBeer
Sun Apr 05, 2020 1:34 pm
Forum: Personal Investments
Topic: Why Do So Many Recommend 70% - 100% Stocks?
Replies: 167
Views: 9666

Re: Why Do So Many Recommend 70% - 100% Stocks?

I looked at your portfolio visualized and didn’t quite understand how it adjust for inflation (or that it was indicated you had 500k in 1994 dollars. My concern with the numbers quoted is how was inflation taken into account as 5% vs 8% returns are both fine. 2% vs 5% (after inflation) are significa...
by BanquetBeer
Sat Apr 04, 2020 10:26 am
Forum: Personal Investments
Topic: Why Do So Many Recommend 70% - 100% Stocks?
Replies: 167
Views: 9666

Re: Why Do So Many Recommend 70% - 100% Stocks?

This thread is dizzying. My understanding of a recap it: During previous falling interest rate times, bonds did not perform too far behind stocks in terms of %. If you look at actual $$ it was significant. (The 800k vs 1300k) OP is looking in the past at a falling interest rate environment and not i...
by BanquetBeer
Sun Mar 15, 2020 8:10 am
Forum: Personal Consumer Issues
Topic: Get a 2nd Refrigerator for Home, and put in garage - Good idea?
Replies: 88
Views: 4979

Re: Get a 2nd Refrigerator for Home, and put in garage - Good idea?

We have an indoor (cabinet depth bottom freezer), an outdoor side by side, and a outdoor deep freeze. We only use the fridge freezers for ice packs and items we plan to eat within a few weeks. Longer than that and you risk freezer burn! The outside fridge has: beer, water, milk (buy several and keep...
by BanquetBeer
Fri Mar 13, 2020 4:52 am
Forum: Investing - Theory, News & General
Topic: Where My 100% Equities Peeps At?!?
Replies: 211
Views: 21076

Re: Where My 100% Equities Peeps At?!?

There are still people posting that ‘this is like the flu’ or comparing it so we have much further to fall as they find out it is not. I’m still 100% equity but kind of feel like I was driving a car towards a tree. I saw the tree and said to myself I should turn, but years of ‘stay the course’ talk ...
by BanquetBeer
Sun Mar 08, 2020 7:38 am
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 193803

Re: Coronavirus and the market

USA went from 233 cases to 436 in about 36 hours. The comparisons to the flu are very simplistic in my mind. They are similar in that: they spread with cough and contact, they don’t have outward symptoms (chickenpox, mumps), and they are cause by a virus. However there are large differences in risk....
by BanquetBeer
Fri Feb 28, 2020 7:26 pm
Forum: Investing - Theory, News & General
Topic: who is worried and feels like selling stocks?
Replies: 254
Views: 18948

Re: who is worried and feels like selling stocks?

I have no doubt that even countries who want to report statistics have trouble gathering the data. If I recall about Korea, those infections are recent. Much of the data from China showed 10-12 days after falling sick to fatality. Iran seems to have complicated things by their (outdated) treatment m...
by BanquetBeer
Fri Feb 28, 2020 6:44 pm
Forum: Investing - Theory, News & General
Topic: who is worried and feels like selling stocks?
Replies: 254
Views: 18948

Re: who is worried and feels like selling stocks?

I have several friends/fam in the finance & medical fields ... anyone I’ve spoken with - in addition to the actual research I’ve done on the matter (as in, not just reading clickbait headlines and running for the hills) suggests this is nothing more than a really bad cold Those “at risk” are the sa...
by BanquetBeer
Fri Feb 28, 2020 4:36 pm
Forum: Investing - Theory, News & General
Topic: who is worried and feels like selling stocks?
Replies: 254
Views: 18948

Re: who is worried and feels like selling stocks?

What's more likely ... a form of a well known virus ends the world ("coronavirus" is not new) - or media driven hysteria is shoving clickbait in people's faces and they are overreacting? Remember SARS? That had a death rate 4X the rate of this coronavirus ... its nothing more than a bad cold/flu wi...
by BanquetBeer
Fri Feb 28, 2020 9:36 am
Forum: Investing - Theory, News & General
Topic: who is worried and feels like selling stocks?
Replies: 254
Views: 18948

Re: who is worried and feels like selling stocks?

What does your Investment Policy Statement say you should do? Is your wife on-board with the Policy? WoodSpinner We don’t have an IPS and don’t plan on writing one. I’ve been essentially 100% stocks since 2008 (because everyone comments had a decent sum put in right before that crash) Notion is to ...
by BanquetBeer
Fri Feb 28, 2020 9:20 am
Forum: Investing - Theory, News & General
Topic: who is worried and feels like selling stocks?
Replies: 254
Views: 18948

Re: who is worried and feels like selling stocks?

That’s the main downside of 100 equities. Not much money to buy when a crash comes. I find it too hard not being 100 equities when the market is going up to change my allocation though. If we get a really big drop I might do some extra shifts to earn more money that can be invested We’re still cont...
by BanquetBeer
Fri Feb 28, 2020 9:04 am
Forum: Investing - Theory, News & General
Topic: who is worried and feels like selling stocks?
Replies: 254
Views: 18948

Re: who is worried and feels like selling stocks?

Oh man, what turmoil. Spouse wanted to sell a few weeks ago “this will get bad”. We didn’t. Now it looks like future is getting worse. We’re 100% stocks. Not upset about the first ions, just upset that we could have sold and buy back in next week for probably a 15% gain in retirement accounts. I’m h...
by BanquetBeer
Mon Feb 24, 2020 4:46 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 19253
Views: 2672183

Re: U.S. stocks in free fall

If I sold (probably 50% basis on average) my tax impact would be significant. Would need ~5% market drop just to break even.
by BanquetBeer
Sat Feb 22, 2020 11:59 am
Forum: Personal Investments
Topic: Qualified Opportunity Zone Fund
Replies: 5
Views: 393

Re: Qualified Opportunity Zone Fund

Yes I did “basic searches” - unfortunately I mostly found advertisements. I can’t discern if the returns are good or what the actual roadblocks to this are. I’m probably looking at 50k capital gains and at least 100k depreciation recapture. Assuming I can take LTCG rates this tax will be in the neig...
by BanquetBeer
Fri Feb 21, 2020 2:03 pm
Forum: Personal Investments
Topic: Qualified Opportunity Zone Fund
Replies: 5
Views: 393

Qualified Opportunity Zone Fund

Situation: I have a rental property I plan to sell later this year. The proceeds will be 3 parts: return of principle gains, and depreciation recapture. With my limited knowledge, it looks like I could take the gains (and maybe the depreciation recapture?) and invest it into a Qualified opportunity ...
by BanquetBeer
Fri Feb 21, 2020 9:00 am
Forum: Non-US Investing
Topic: FIRE in 10 years time
Replies: 3
Views: 702

Re: FIRE in 10 years time

That is already a very conservative (50:50) portfolio as you will absolutely need to counter inflation long term. Was it only 10 years ago the exchange to USD was 3:1 and I just looked it is now 4:1? Furthermore, Malaysia is still developing. You might be able to live on 30k rm or $7.5k usd per year...
by BanquetBeer
Tue Feb 18, 2020 6:47 pm
Forum: Personal Consumer Issues
Topic: Anyone watch the Amazon series “The Expanse”?
Replies: 50
Views: 5585

Re: Anyone watch the Amazon series “The Expanse”?

You should check out Dark Matter. Similarly good show.
by BanquetBeer
Tue Feb 18, 2020 6:42 pm
Forum: Personal Investments
Topic: Savings Rate Check-In
Replies: 20
Views: 2294

Re: Savings Rate Check-In

It depends on your goals. I save about 50% of my gross but my current living expenses are shared with my spouse. I should be in a position to become FI before 40. I plan to accumulate until I can be in a solid position should I end up single in the following 40 years. Spouse is on an almost parallel...
by BanquetBeer
Tue Feb 18, 2020 6:30 pm
Forum: Personal Consumer Issues
Topic: Perform own oil change pros & cons?
Replies: 224
Views: 11334

Re: Perform own oil change pros & cons?

Torque wrench from harbor freight that I use for a number of things. Aluminum jack stands from there also. Floor jack from Costco. I can’t stomach the margins on synthetic oil changes. Should be $10 more than regular but they try to charge you $50. I enjoy it because I get to drink a beer while bein...
by BanquetBeer
Tue Feb 18, 2020 7:34 am
Forum: Investing - Theory, News & General
Topic: Why many inheritances don't last past 3 generations
Replies: 144
Views: 17957

Re: Why many inheritances don't last past 3 generations

On the college funding situation, knowing I had money available let me focus on the long term vs short term needs. I was never a big spender but I also conscientiously did not work while at school, took most classes at a 4 year university, and limited my time applying for scholarships. At the time I...
by BanquetBeer
Sun Feb 16, 2020 8:38 am
Forum: Personal Consumer Issues
Topic: Carhartt or Tough Duck jackets
Replies: 19
Views: 1669

Re: Carhartt or Tough Duck jackets

If you need something durable, I’d say go for it with a warm mid layer as the jackets are not super warm.

If you are not doing rough work, there are plenty of jackets that are better.

Don’t forget a good set of gloves.
by BanquetBeer
Sun Feb 16, 2020 8:26 am
Forum: Personal Consumer Issues
Topic: How big of a car do you need for a kid and his/her stuff?
Replies: 66
Views: 3566

Re: How big of a car do you need for a kid and his/her stuff?

Both the wife and I are tall, with a rear facing seat I wouldn’t go anywhere far in a compact. With front facing seats, you’re probably fine until about 10 years old if you don’t take any trips. However the utility in a larger car is not just can I drive my kids to daycare. It is I want to get some ...