Search found 1458 matches

by chevca
Fri May 25, 2018 4:02 pm
Forum: Investing - Help with Personal Investments
Topic: Book for wife on investing
Replies: 19
Views: 872

Re: Book for wife on investing

I have those in my kindle library. But she doesn't know what a stock or bond is. Or a mutual fund. Or a 401k. No clue on what the S&P500, DJIA or NASDAQ are. We need to start from zero here. How long has it been since you read them? :wink: The BH guide covers all that https://www.thesimpledollar.co...
by chevca
Fri May 25, 2018 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Book for wife on investing
Replies: 19
Views: 872

Re: Book for wife on investing

The good old "Bogleheads' Guide to Investing" a pretty good one to start with. :happy
by chevca
Fri May 25, 2018 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance mortgage or not
Replies: 1
Views: 214

Re: Refinance mortgage or not

What could you get for a new rate? Do you have cash to put down with the refi? Maybe some cash down and a 15 year would be worth it? I don't know that there would be enough of a difference in rates to make it worth it otherwise.
by chevca
Fri May 25, 2018 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: How safe are our funds in online platforms?
Replies: 8
Views: 733

Re: How safe are our funds in online platforms?

Whoa, this one went there quickly. :happy
by chevca
Fri May 25, 2018 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: How safe are our funds in online platforms?
Replies: 8
Views: 733

Re: How safe are our funds in online platforms?

What do you call the "old days"? It's almost tough to recall when I didn't have online banking. And, the banks have had computers to track all the accounts a lot longer than that. Hackers have been around as long as there were computers to hack.

It is scary... but, it's not new.
by chevca
Fri May 25, 2018 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: should I buy or rent
Replies: 13
Views: 688

Re: should I buy or rent

Well, your rent is very reasonable compared to your income. So, that's good. But, you want to own a home. If I'm reading correctly, you have a bunch of cash. Can you pay cash for the house, still be comfortable with retirement/savings, and not be so dependent on the job? Do you like your work so muc...
by chevca
Fri May 25, 2018 12:40 pm
Forum: Personal Consumer Issues
Topic: When did this start?? [Restaurant tipping on total bill]
Replies: 58
Views: 3296

Re: When did this start??

We went to Top Golf the other day where it costs so much per hour to play... But they also have food and drinks. So at the end of the two hours, I get a bill for like $120. Which includes $60 for playing, and $60 for the actual food and drinks. Yet the tip suggestion was on the entire amount. So th...
by chevca
Fri May 25, 2018 12:37 pm
Forum: Personal Consumer Issues
Topic: When did this start?? [Restaurant tipping on total bill]
Replies: 58
Views: 3296

Re: When did this start??

A question for the penny pinching tipsters.... why even go out to eat then, if worried about mere penny differences in tipping protocols? I mean, going out to eat is certainly not a way to spend less on food. It's not about penny pinching, it's about the ever moving goal post and, as you just so pe...
by chevca
Fri May 25, 2018 12:27 pm
Forum: Investing - Theory, News & General
Topic: Folks, I'm calling the Tops for Bay area RE market
Replies: 46
Views: 2322

Re: Folks, I'm calling the Tops for Bay area RE market

So, everyone gets to have/make their own prediction then? Got it, thanks. :happy You don't have to comment on every post in a thread, especially one that's not directed to you. Comments that don't add to the discussion don't add to the discussion. Couldn't help it. You didn't like someone's predict...
by chevca
Fri May 25, 2018 11:47 am
Forum: Investing - Theory, News & General
Topic: Folks, I'm calling the Tops for Bay area RE market
Replies: 46
Views: 2322

Re: Folks, I'm calling the Tops for Bay area RE market

toomuchRE wrote:
Fri May 25, 2018 11:43 am
Historically bay area prices have increased long term.. But the rate at which it has done so in the past 5 years is what will make it go down soon. Might not be crash, but a dip. probably a deeper one.
Wow :shock:

What exactly is the difference between a deep dip and a crash?
by chevca
Fri May 25, 2018 11:45 am
Forum: Personal Consumer Issues
Topic: When did this start?? [Restaurant tipping on total bill]
Replies: 58
Views: 3296

Re: When did this start??

A question for the penny pinching tipsters.... why even go out to eat then, if worried about mere penny differences in tipping protocols? I mean, going out to eat is certainly not a way to spend less on food.
by chevca
Fri May 25, 2018 11:42 am
Forum: Investing - Theory, News & General
Topic: Folks, I'm calling the Tops for Bay area RE market
Replies: 46
Views: 2322

Re: Folks, I'm calling the Tops for Bay area RE market

The fact that you used the term "running hot" makes me have a lot of confidence in your statements... The fact that you didn't use a comma just before 'makes', makes me have a lot of confidence in your statement.. Are you trying to get your own thread locked? :happy I don't see this one lasting muc...
by chevca
Fri May 25, 2018 11:41 am
Forum: Investing - Theory, News & General
Topic: Folks, I'm calling the Tops for Bay area RE market
Replies: 46
Views: 2322

Re: Folks, I'm calling the Tops for Bay area RE market

I can see a flattening of appreciation rates. I don't see prices going down significantly in markets like SF unless there's a big downturn in tech. There's just too much money floating around and job creation is still strong. If history has told us anything, it's that RE markets CAN grow 8-10% per ...
by chevca
Fri May 25, 2018 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Other Tax deferred options?
Replies: 6
Views: 437

Re: Other Tax deferred options?

Do you max out your 401k? You could up your contributions there and use her extra income to cover that. Tax deferred options to change her paycheck are limited by what the company offers. There may be ways I don't know of though. If taking it in the shorts on those big paycheck weeks is the main wor...
by chevca
Fri May 25, 2018 11:25 am
Forum: Investing - Theory, News & General
Topic: Folks, I'm calling the Tops for Bay area RE market
Replies: 46
Views: 2322

Re: Folks, I'm calling the Tops for Bay area RE market

Really not suggesting anyone to sell or buy... Just my instincts.. Instincts have done good for most part of my life. personal and professional.. Maybe luck.. often I have not made use of those instincts and I regret that. Cant be 100% right. Okay I see you have some good points, but SF is like NYC...
by chevca
Fri May 25, 2018 11:20 am
Forum: Investing - Theory, News & General
Topic: Folks, I'm calling the Tops for Bay area RE market
Replies: 46
Views: 2322

Re: Folks, I'm calling the Tops for Bay area RE market

Now or within 4 months.. You bought a house yesterday, right? :wink: No i didn't.. probably will this year or next. Oh, well then... :happy Okay, the actionable part of this.... are you waiting to see what happens and then you will buy? Or, are you waiting to hit a certain savings point and then bu...
by chevca
Fri May 25, 2018 11:17 am
Forum: Investing - Theory, News & General
Topic: Folks, I'm calling the Tops for Bay area RE market
Replies: 46
Views: 2322

Re: Folks, I'm calling the Tops for Bay area RE market

And, then what will happen.... a house market crash, the top and then level off, the top... until the new top next year?

I think you could even be right. But, what then? It's only half a prediction, IMO. Like me saying, I think three weeks from now it will be three weeks from now. :happy
by chevca
Fri May 25, 2018 9:00 am
Forum: Investing - Help with Personal Investments
Topic: low fee index fund suggestions
Replies: 13
Views: 671

Re: low fee index fund suggestions

We (wife and I) would like to put money that is in her Roth for last year against a low fee index fund, that is aggressive and beats the market substantially, but doesn't need a huge minimum investment. Uh, you realize that "index fund" basically means the market . There are other indexes that aren...
by chevca
Fri May 25, 2018 8:53 am
Forum: Personal Consumer Issues
Topic: When did this start?? [Restaurant tipping on total bill]
Replies: 58
Views: 3296

Re: When did this start??

I hadn't heard of that about the tips going to the house. I don't believe that either. Although, I've heard Starbucks does that with the tip jar. But, that's hardly what was brought up in this thread. Maybe what that other poster meant? I'm not all that high an income earner, but I still enjoy being...
by chevca
Fri May 25, 2018 8:25 am
Forum: Personal Consumer Issues
Topic: When did this start?? [Restaurant tipping on total bill]
Replies: 58
Views: 3296

Re: When did this start??

I'm in the top 10% of income earners in the wealthiest country on the planet, and usually the person serving me food is working a crap job just to make ends meet and making less in tips in a day than I make in an hour. So I've always adopted the Dave Ramsey philosophy of being "Outrageously generou...
by chevca
Fri May 25, 2018 8:15 am
Forum: Investing - Help with Personal Investments
Topic: Do I need to reduce monthly debt payments? Auto + House
Replies: 9
Views: 805

Re: Do I need to reduce monthly debt payments? Auto + House

At less than 20% of your gross income, I don't think the mortgage folks will be concerned at all about that. I believe they find up to 40% or so acceptable. You will be well under anything they would turn you down for. Looking at your post again, are you saying the car payments alone would be less t...
by chevca
Fri May 25, 2018 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Keep or sell primary residence condo after job move?
Replies: 10
Views: 495

Re: Keep or sell primary residence condo after job move?

The only reason I could see not to sell would be if you really love the condo and plan to move back to the area someday, so you could live there again. If that's not the case, sell it.
by chevca
Fri May 25, 2018 6:34 am
Forum: Investing - Help with Personal Investments
Topic: Planning a first home down payment fund
Replies: 10
Views: 714

Re: Planning a first home down payment fund

Yep, savings accounts, CDs, or short term bonds are as risky as I would go also. With you guys being young, not a lot in the way of responsibilities, in the higher tax brackets, and just going to be plowing money into this down payment fund, it's the savings rate that will make it grow. Taking chanc...
by chevca
Fri May 25, 2018 6:29 am
Forum: Investing - Help with Personal Investments
Topic: Noob investing, Want to avoid messing this up!
Replies: 16
Views: 1494

Re: Noob investing, Want to avoid messing this up!

Currently investing 6% into 401k at work then another 9% after taxes into the Roth IRA's. Debts: 373k MTG(Southern California - Pre-Ramsey, he would not approve!!), 3.5 Int Rate. About 100k in equity. No other debts. Income: Roughly 80k combined, down from 100k Tax: Married filing jointly, 1 child,...
by chevca
Thu May 17, 2018 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Three Fund Portfolio Assitance
Replies: 11
Views: 1309

Re: Three Fund Portfolio Assitance

The CREF Stock fund looks pretty good... about 70/30 US/INT. That and your stable value type fund would be three fund like, but in a simpler two funds. :happy
by chevca
Thu May 17, 2018 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Recast mortgage?
Replies: 9
Views: 786

Re: Recast mortgage?

If you have already paid it down aggressively, plan to keep paying it down aggressively, and don't need the lower minimum monthly payment, I would just leave it as is and pass on the recast. You have already shortened the mortgage by paying it down. I'm guessing you did this because you don't like p...
by chevca
Wed May 16, 2018 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7545

Re: Can a <median household save 1 year of expenses every year?

Mental... gymnastics? :happy

I know what you meant.
by chevca
Wed May 16, 2018 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Three Fund Portfolio Assitance
Replies: 11
Views: 1309

Re: Three Fund Portfolio Assitance

What are the expense ratios? No plain old index funds on the stock side, even if not Vanguard?
by chevca
Wed May 16, 2018 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7545

Re: Can a <median household save 1 year of expenses every year?

So, if I'm following this correctly, paying cash for things is an expense, but taking loans out for things and paying back the loans is "saving"?

If that's the case, that makes no sense to me.
by chevca
Wed May 16, 2018 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7545

Re: Can a <median household save 1 year of expenses every year?

So, someone that cash flowed college or paid cash for a house saved that amount then?
by chevca
Wed May 16, 2018 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off Debt vs. Investing
Replies: 25
Views: 1368

Re: Paying off Debt vs. Investing

I agree with all of this. I guess what I'm getting at, assuming the math is correct, is that in all of the pay off debt vs. investing commentary I have seen, I have never once heard anyone say that you have to put that debt payment towards some kind of investment once the debt is paid off in order ...
by chevca
Wed May 16, 2018 11:42 am
Forum: Personal Consumer Issues
Topic: Is there a boglehead muscle car?
Replies: 138
Views: 7135

Re: Is there a boglehead muscle car?

Don't buy a v6 mustang, camaro, or charger/challenger. Aside from being boring to drive, it will be completely worthless in a few years where as the v8 version should retain value pretty well. Besides, everyone laughs at the guy driving a v6 camaro/mustang. Hahaha, so true! You guys are wrong. I th...
by chevca
Wed May 16, 2018 11:21 am
Forum: Personal Finance (Not Investing)
Topic: somebody is using our address
Replies: 45
Views: 4553

Re: somebody is using our address

Using just your address doesn't amount to fraud. If he was using your name or social security number, then, yes. He's just hiding something from someone and being a pain in your rear end. There may be more to it. But, that's what the USPS would investigate to find out. Call Chase as well to report i...
by chevca
Wed May 16, 2018 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Paying off Debt vs. Investing
Replies: 25
Views: 1368

Re: Paying off Debt vs. Investing

Whoops, you're right. I was looking at the numbers backwards. :oops:

Where is that accounted for in your example? That narrows the gap by $18k then, right?
by chevca
Wed May 16, 2018 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Paying off Debt vs. Investing
Replies: 25
Views: 1368

Re: Paying off Debt vs. Investing

I didn't look at your spread sheet. But, per your example, it doesn't appear you're accounting for interest saved by paying down the debt aggressively nor the total interest paid by paying the loan on schedule. Especially at a 25% rate, those numbers could be significant in your scenario. I also di...
by chevca
Wed May 16, 2018 10:55 am
Forum: Personal Finance (Not Investing)
Topic: somebody is using our address
Replies: 45
Views: 4553

Re: somebody is using our address

He doesn't want his wife to find out what he's ordering online? :happy

I would contact USPS and tell them no mail or packages should come to your address in any other name but yours. I don't know if they can stop that or make that happen. But, that's where I would start.
by chevca
Wed May 16, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Paying off Debt vs. Investing
Replies: 25
Views: 1368

Re: Paying off Debt vs. Investing

I didn't look at your spread sheet. But, per your example, it doesn't appear you're accounting for interest saved by paying down the debt aggressively nor the total interest paid by paying the loan on schedule. Especially at a 25% rate, those numbers could be significant in your scenario. I also did...
by chevca
Tue May 15, 2018 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7545

Re: Can a <median household save 1 year of expenses every year?

That's just mental gymnastics. Borrowing money to spend, paying it back, and then counting that as savings??? :oops:

If one paid down the student loans aggressively, they saved on interest they would've paid. I could see that. But, it's still reaching in the weeds.

DQ'd!! :happy
by chevca
Tue May 15, 2018 10:00 pm
Forum: Personal Consumer Issues
Topic: Is there a boglehead muscle car?
Replies: 138
Views: 7135

Re: Is there a boglehead muscle car?

Sorry, guys, I like Vettes too. But, they're not muscle cars.
by chevca
Tue May 15, 2018 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7545

Re: Can a <median household save 1 year of expenses every year?

My wife and I qualified very near to this for first 2 years out of college. She made 60k and I was in school. 6% to 401k and nearly 40% to student loans before taxes. We were well above 50% of after tax. Edit: didn't live with family (not that there's anything wrong with that but it would've made i...
by chevca
Tue May 15, 2018 7:22 pm
Forum: Personal Consumer Issues
Topic: Is there a boglehead muscle car?
Replies: 138
Views: 7135

Re: Is there a boglehead muscle car?

My feeling is the OP wants a daily driver and a modern car. Many of us have taken this off into a convo of old muscle. But, I don't think the OP wants anything over a few years old. Of course we haven't heard from the OP and we've just hijacked the thread into discussing what a muscle car is, so we ...
by chevca
Tue May 15, 2018 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: I've bought a new home, should I sell or rent my old residence?
Replies: 21
Views: 1372

Re: I've bought a new home, should I sell or rent my old residence?

I doubt you will find it. There is no good reason to keep the old place as a rental. Things will be tight for them if they keep it and there are major repairs coming up for the to be rental. How would they handle that? They're just banking on future appreciation. That may or may not happen. Plus, th...
by chevca
Tue May 15, 2018 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: I've bought a new home, should I sell or rent my old residence?
Replies: 21
Views: 1372

Re: I've bought a new home, should I sell or rent my old residence?

Sell... take advantage of the capital gains exclusion selling their primary home, put more down on the next home so as not too tight in the wallet, and avoid paying for a roof or sewage repair on the old rental home. That's a no brainer to me. If things would be tight buying the new home and keeping...
by chevca
Tue May 15, 2018 5:16 pm
Forum: Personal Consumer Issues
Topic: Is there a boglehead muscle car?
Replies: 138
Views: 7135

Re: Is there a boglehead muscle car?

Good point... the 302 was Camaro only.

The early Nova's could have the 283, the mid-60's could have the 327 (which was a nice little engine), and by the late 60's the Nova could be ordered with a big block. Hopefully mid meant the 283 or 327. The later 307 was a dog!
by chevca
Tue May 15, 2018 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7545

Re: Can a <median household save 1 year of expenses every year?

In 2004 I was fresh out of college, newly married and ended up making right around 55k that year, combined. If you count principal reduced on home loan, yes we achieved it for that year. I don't have meticulous records but we were right in the neighborhood of 25k saved. Didn't do a ton but didn't m...
by chevca
Tue May 15, 2018 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Personal Finance Advise - Dump rental property for other investment? Put more in 401k?
Replies: 21
Views: 685

Re: Personal Finance Advise - Dump rental property for other investment? Put more in 401k?

I think 17 years is a long time to be missing out on tax advantaged saving/investing space because you might want to hang onto a rental. You guys have a decent combined income. If you're not maxing out even one tax advantaged account, let alone more than one, and banking on the rental property, I'd ...
by chevca
Tue May 15, 2018 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Personal Finance Advise - Dump rental property for other investment? Put more in 401k?
Replies: 21
Views: 685

Re: Personal Finance Advise - Dump rental property for other investment? Put more in 401k?

Well, you can typically only refi to 80% of the home value. So, you would be refinancing to pull out about $30k. I'd say that's hardly worth the cost and likely interest rate increase. And, I don't know if the cash out refi rules are different for a rental property. I wouldn't take the lender's word...
by chevca
Tue May 15, 2018 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7545

Re: Can a <median household save 1 year of expenses every year?

triceratop wrote:
Tue May 15, 2018 2:46 pm
wrongfunds wrote:
Tue May 15, 2018 2:43 pm
As long as moderators are participating, the hammer does not come down.
There is an implicit question of "how" it possible to achieve such a result.
And, the answer has been found.... make up one's own definition and anything is possible to achieve. :happy
by chevca
Tue May 15, 2018 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7545

Re: Can a <median household save 1 year of expenses every year?

wrongfunds wrote:
Tue May 15, 2018 2:43 pm
As long as moderators are participating, the hammer does not come down.
. :beer :happy