Search found 1880 matches

by chevca
Mon Nov 12, 2018 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Is it worth it to rent our house?
Replies: 12
Views: 988

Re: Is it worth it to rent our house?

No, doesn't sound worth it to me.

It's not a great time of year to sell a house right now with the holidays and winter coming. Lower the price some if you need to sell now, or just take it off the market and list it again in the spring.

What are your plans for the new location, buy or rent?
by chevca
Sun Nov 11, 2018 9:25 am
Forum: Investing - Help with Personal Investments
Topic: Add on CD as insurance against falling rates
Replies: 4
Views: 629

Re: Add on CD as insurance against falling rates

Against falling rates? Or, is that the bank's insurance against rising rates? Either way, that's a pretty good deal for 19 months, IMO. Go for it if you'd like. But, I don't think you need to worry much about falling rates in the next year and a half, if that's the main reason you're looking at this.
by chevca
Wed Nov 07, 2018 10:32 am
Forum: Personal Consumer Issues
Topic: Christmas gift suggestions for 2.5 year old?
Replies: 20
Views: 931

Re: Christmas gift suggestions for 2.5 year old?

I agree with the membership idea. My grandmother would gift our family our local pool pass every year. It would get a ton of use all summer long. A local zoo, children's museum, history museum, arboretum, really anywhere you go that needs a membership is a great idea. Except the kid being talked ab...
by chevca
Wed Nov 07, 2018 10:30 am
Forum: Personal Consumer Issues
Topic: Christmas gift suggestions for 2.5 year old?
Replies: 20
Views: 931

Re: Christmas gift suggestions for 2.5 year old?

knightrider wrote:
Wed Nov 07, 2018 9:24 am
Can I suggest anything else they can give?
No... let them gift how they please.

If you're annoyed by mountains of toys and stuff around the house, donate some of it. Keep the stuff the kid plays with a lot, donate the stuff they don't care about or ever use. Keep it simple.
by chevca
Wed Nov 07, 2018 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Seeking lot loan to build house
Replies: 19
Views: 1322

Re: Seeking lot loan to build house

$200k for 1 acre?? That seems outrageous... where are you looking? Let's say you have $350k in equity now. You're talking $200k of that just for the land. Much of the remaining $150k will be spent clearing some space for the home, making a driveway/access way, digging a well or water storage, septic...
by chevca
Mon Nov 05, 2018 10:35 pm
Forum: Investing - Help with Personal Investments
Topic: Pension vs. 457 plan
Replies: 5
Views: 580

Re: Pension vs. 457 plan

Both would be preferable. But, I'm guessing you're asking because you can only do one or the other. It kind of depends on some things. How stable is your government entity? If they're shaky, you may not want to put all your eggs in that basket. When will you retire? If you were to say retire in your...
by chevca
Sun Nov 04, 2018 6:56 am
Forum: Personal Consumer Issues
Topic: Post FiRE job...teaching??
Replies: 33
Views: 3913

Re: Post FiRE job...teaching??

Yes, OP, you do know the RE part stands for retired early, right? Why are you planning what job to have when you're financially independent and retired? :confused
by chevca
Sat Nov 03, 2018 8:40 am
Forum: Personal Consumer Issues
Topic: Please help me with my car decision
Replies: 42
Views: 3395

Re: Please help me with my car decision

Sleepydoc99 wrote:
Sat Nov 03, 2018 7:01 am
Problem:
I can’t take the minivan in the winter because it’s inconvenient for the kids, wife, nanny to not be able to use it if I’m at work.
Why not take the Infiniti on those days.... what's the problem?
by chevca
Mon Oct 29, 2018 6:21 am
Forum: Personal Consumer Issues
Topic: Getting depressed with all this saving. :-(
Replies: 38
Views: 6383

Re: Getting depressed with all this saving. :-(

If you're saving to the point of being depressed about your life and your stuff, I feel you're doing it wrong. Just my opinion though. As said, find a balance to get you above the depression line.
by chevca
Mon Oct 29, 2018 6:14 am
Forum: Personal Finance (Not Investing)
Topic: First time home buyer ... help ! [with mortgage choices]
Replies: 15
Views: 1508

Re: First time home buyer ... help ! [financing new construction]

This a confusing thread title and is causing confusion for the posters. I believe the OP is just looking at mortgages because they're buying a new house from a builder. Not looking for a construction loan, as in having a custom home built or building it themselves. How about, "First time home buyer....
by chevca
Sat Oct 20, 2018 10:52 am
Forum: Personal Finance (Not Investing)
Topic: [Starter Home] Sell it or Rent it out?
Replies: 21
Views: 1109

Re: [Starter Home] Sell it or Rent it out?

If we purchased the house for $164K and rent it out for $16500/month, wouldn’t that be a 10% “cap rate”? If you can rent it out for $16,500/month, I think most of us would say go for it. :happy Your purchase price is only good for the capital gains part of things now. Other things should go off the...
by chevca
Sat Oct 20, 2018 9:56 am
Forum: Personal Finance (Not Investing)
Topic: [Starter Home] Sell it or Rent it out?
Replies: 21
Views: 1109

Re: [Starter Home] Sell it or Rent it out?

I saw a post in a thread like this where someone said/asked the OP, do you have interest in owning 10 rental properties or more... if not, then don't own just one. Even though your EF would cover a roof or HVAC replacement, having to do one or both can knock out a bunch of 'good' years and make the ...
by chevca
Sat Oct 13, 2018 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Neighbor discussing finances with me
Replies: 64
Views: 6077

Re: Neighbor discussing finances with me

Leave it be. There's nothing you can do here. They shifted all their investments to a bond fund due to the coming crash. Trying to explain that a bond fund does have some risk is the least of what should be explained to this person.
by chevca
Fri Oct 12, 2018 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: Help with 401K Allocation
Replies: 6
Views: 261

Re: Help with 401K Allocation

I just looked at the percent owned of what you hold now, OP. You have a lot of overlap and hold some high ER funds. There's no need to hold the target date funds, if you're going to hold all the asset classes separately anyway. Or, the other way also... just hold a target date fund. There's no need ...
by chevca
Fri Oct 12, 2018 1:52 pm
Forum: Investing - Theory, News & General
Topic: Who worries about a bear market in stocks?
Replies: 71
Views: 5841

Re: Who worries about a bear market in stocks?

staythecourse wrote:
Fri Oct 12, 2018 10:56 am
Funny, my answer would be EVERYONE.
That would be my answer too.

A bear market isn't really good for anyone. But, they can happen. Everyone should worry about it. What can one do about it, is a better question, IMO.
by chevca
Fri Oct 12, 2018 1:47 pm
Forum: Investing - Theory, News & General
Topic: Psychological vs. Real Risk
Replies: 21
Views: 1568

Re: Psychological vs. Real Risk

I think the OP makes sense, but it's sort of over complicated, IMO. If one "needs" to sell equities for living expenses, they better have lots of $$ in equities or not have money needed for living expenses in equities. Shoot, even bond funds can go down. Of course, not as much as stock funds can go ...
by chevca
Fri Oct 12, 2018 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: Help with 401K Allocation
Replies: 6
Views: 261

Re: Help with 401K Allocation

This 401K represents about 60% of my retirement savings, the other 40% is held in a taxable brokerage account at Schwab. Expense ----------Return------------- Fund Name Symbol Owned Asset Class Category Ratio 1 Year 3 Year5 Year10 Year/LOF FID 500 INDEX IPR FXAIX 11.82% Stock Investments Large Cap ...
by chevca
Fri Oct 12, 2018 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Does Timing Matter? 3 Fund Portfolio
Replies: 39
Views: 2816

Re: Does Timing Matter? 3 Fund Portfolio

That's something you have to decide on yourself. Some will say 30% in bonds is too much at your age. Others will say it's just right. It's really something everyone has to decide on for themselves though. Most folks have different comfort levels that way.
by chevca
Fri Oct 12, 2018 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: Does Timing Matter? 3 Fund Portfolio
Replies: 39
Views: 2816

Re: Does Timing Matter? 3 Fund Portfolio

Age 31 My question is, does it matter? Should I be worried about timing when I restructure? Thoughts? Yes, timing matters... but, only as far as doing this ASAP. :happy You're 31... the market hasn't "exploded", it's just moving around. Thirty years or so from now, it won't matter what day you rest...
by chevca
Fri Oct 12, 2018 10:33 am
Forum: Investing - Help with Personal Investments
Topic: To Roth IRA or Not
Replies: 13
Views: 1028

Re: To ROTH IRA or Not

As mentioned, you can still contribute to a Roth IRA through the backdoor Roth method even if you go above the income limits. I would contribute to the Roth IRA if I were you. I would also max out the 457 through work. Do you have a Roth option with your 457 plan? That may be something to consider a...
by chevca
Wed Oct 10, 2018 11:54 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7837
Views: 1608522

Re: Stocks tumbling?

Admiral wrote:
Wed Oct 10, 2018 10:08 am
I like the fire sale. I hope it keeps up until Friday when I buy again :D.
Funny, I was going to say, don't worry y'all stocks will be back up by Friday since that's my next deferred comp contribution. :happy
by chevca
Mon Oct 08, 2018 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Debt Payoff Strategy
Replies: 11
Views: 1883

Re: Debt Payoff Strategy

inbox, you realize this is a 2 year old thread, right?
by chevca
Fri Oct 05, 2018 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: can i start a private investment firm?
Replies: 70
Views: 5214

Re: can i start a private investment firm?

Investing is not rocket science and anyone who understands money and mechanics of money coupled on a national and global scale and see between the lines of the corrupt economic vehicles running the several countries of the world. I mean logic folks..logic. That's kinda funny. I mean you're obviousl...
by chevca
Fri Oct 05, 2018 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: can i start a private investment firm?
Replies: 70
Views: 5214

Re: can i start a private investment firm?

The problem is not investing with friends or family members. Buffett's friends and family could quite reasonably buy BRK. The problem is investing with people who have no idea what they are doing. Folks making their own choice to invest their own money in a stock/company a friend owns is quite diff...
by chevca
Fri Oct 05, 2018 11:26 am
Forum: Investing - Theory, News & General
Topic: Transition to Vanguard's new investment platform???
Replies: 17
Views: 2623

Re: Transition to Vanguard's new investment platform???

I had to do it this year with my Roth held with Vanguard. It's just the new way they're dong things. You don't have to buy individual stocks or anything. My Roth stayed in exactly the same mutual fund. You can either do it now on your own, or they will transition you to the new set up eventually fro...
by chevca
Fri Oct 05, 2018 11:20 am
Forum: Personal Finance (Not Investing)
Topic: can i start a private investment firm?
Replies: 70
Views: 5214

Re: can i start a private investment firm?

Exactly what am trying to do..it will be for like 5 friends maximum...so my money and like 5 other peoples money...at any given time will never exceed 10 peoples money. So i am looking for the simplest way to have this done legally. I just want to do this for the books especially when investing mil...
by chevca
Fri Oct 05, 2018 9:04 am
Forum: Personal Finance (Not Investing)
Topic: can i start a private investment firm?
Replies: 70
Views: 5214

Re: can i start a private investment firm?

uberrebu wrote:
Fri Oct 05, 2018 1:43 am
I am not a financial analyst but been thinking of starting a private investment firm where i manage very limited number of people's funds.
Is it possible to do this legally?

Thanks
If you're not a financial analyst or advisor, why do you feel you're qualified to do this?
by chevca
Fri Oct 05, 2018 6:17 am
Forum: Investing - Help with Personal Investments
Topic: Timing the Market
Replies: 18
Views: 2302

Re: Timing the Market

justsomeguy2018 wrote:
Thu Oct 04, 2018 9:34 pm
But then I tell myself "it's impossible to time the market" and to stay the course.
The sooner you can get the "but then" out of there and just think the other part, the better off you will be. :happy
by chevca
Fri Oct 05, 2018 6:05 am
Forum: Personal Finance (Not Investing)
Topic: Regarding refund of rental deposit
Replies: 4
Views: 472

Re: Regarding refund of rental deposit

How much was the deposit? I can't see how it could possibly be worth it to pursue this any further. It was a frantic time moving from another state, house purchase cancelled, finding a quick rental, looking for another house, and so on. You said yourself you signed the rental without fully realizing...
by chevca
Wed Oct 03, 2018 8:18 pm
Forum: Personal Consumer Issues
Topic: Water Leak During New Home Construction
Replies: 40
Views: 2481

Re: Water Leak During New Home Construction

The OP said the assesment called for ripping out floors and ceilings, letting things dry, and the replacing all. Where do you get just patching things from? How do you know cabinets and countertops are damaged, need replacing, and will later be chipped or whatever? Feel free to keep making up your ...
by chevca
Wed Oct 03, 2018 3:29 pm
Forum: Personal Consumer Issues
Topic: Water Leak During New Home Construction
Replies: 40
Views: 2481

Re: Water Leak During New Home Construction

OP, is this a national builder or a local builder?
by chevca
Wed Oct 03, 2018 3:28 pm
Forum: Personal Consumer Issues
Topic: Water Leak During New Home Construction
Replies: 40
Views: 2481

Re: Water Leak During New Home Construction

Unfortunately, feelings have little / nothing to do with it. How else is this issue supposed to be resolved? Should OP take his hurt feelings and his ball and go home? Did you miss the /RESPONDED part? I only referenced "feelings" because chevca suggested that the OP was "PO'd" and simply needed to...
by chevca
Wed Oct 03, 2018 10:26 am
Forum: Personal Consumer Issues
Topic: How to tell contractor you don't plan to pay him. [Roofing]
Replies: 65
Views: 6082

Re: What I learned from my roofing saga.

Glad you got something worked out.

Who paid for the materials on the first, botched roof job?
by chevca
Wed Oct 03, 2018 10:24 am
Forum: Personal Consumer Issues
Topic: Water Leak During New Home Construction
Replies: 40
Views: 2481

Re: Water Leak During New Home Construction

Higher water bill since we had leaking water We painted the basement personally so I'm not redoing the work myself It's not your house yet. Why were/are you paying the water bill? It's not your house yet? Why were you painting rooms? As others have said, it happens and there are almost always delay...
by chevca
Wed Oct 03, 2018 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Advice on renting a property
Replies: 11
Views: 1020

Re: Advice on renting a property

I'm worried you are rushing into something that you don't understand all the legalities around being a landlord. Do you know your local laws on this topic? Do you have appropriate insurance in place? A proper lease written? Why the rush? This ^^ Renting out a property quickly when you don't even kn...
by chevca
Mon Oct 01, 2018 9:18 am
Forum: Personal Consumer Issues
Topic: Botched Roof Job. What to do.
Replies: 15
Views: 1950

Re: Botched Roof Job. What to do.

You realize the "surface" likely means the plywood down below? Did they put the weather shield stuff down first below the tar paper? If and hopefully so, the tar paper getting wet is not too big a deal. Air gets under the shingle and will dry out the tar paper. Think about it, if roofers couldn't do...
by chevca
Mon Oct 01, 2018 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Why is Home Part of NW [Net Worth]
Replies: 98
Views: 6834

Re: Why is Home Part of NW

1) I do not count net worth. It is a meaningless number. A home with positive equity can be sold to generate liquid assets. That is very far from meaningless. 2) I only count my investment value aka the portfolio that can feed me when I am retired/FI. A home owned free and clear should reduce one's...
by chevca
Mon Oct 01, 2018 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Why is Home Part of NW [Net Worth]
Replies: 98
Views: 6834

Re: Why is Home Part of NW [Net Worth]

Heh, what I did after reading countless threads on this topic is to simply take the value of my home equity and cut it in half for financial planning purposes. How is that for compromise? Why? Either count it or don't. I don't find net worth meaningless, but I do wonder what good it actually does t...
by chevca
Sun Sep 30, 2018 12:33 pm
Forum: Personal Consumer Issues
Topic: Botched Roof Job. What to do.
Replies: 15
Views: 1950

Re: Botched Roof Job. What to do.

I assume there is some type of warranty or guarantee you got with the roof? You have a good list already. Wait for the inspection results and go to the roofer with those results as well. Tell them to fix it. You haven't paid ANYTHING yet? I didn't think contractors would even start the ob without 50...
by chevca
Sun Sep 30, 2018 12:09 pm
Forum: Personal Consumer Issues
Topic: city water sewer vs well septic
Replies: 36
Views: 2425

Re: city water sewer vs well septic

Unless you are choosing between two nearly identical homes, one with septic, one on muni, does it matter? Chose the house you like best. This ^^ The cost difference between the two over the long run is likely to be very little. Pick the house you like best without concern over city water or well an...
by chevca
Sat Sep 29, 2018 11:27 am
Forum: Personal Consumer Issues
Topic: Protection buying a used car private party that has a loan
Replies: 17
Views: 1051

Re: Protection buying a used car private party that has a loan

What I have heard is that the buyer will have the bill of sale and take possession of the car. The seller will take the money and pay off the loan and mail the title to the buyer. This is fairly common way to do it. Yes - that "should" happen - BUT, if the seller has a clear title, what guarantee i...
by chevca
Sat Sep 29, 2018 8:38 am
Forum: Personal Consumer Issues
Topic: Protection buying a used car private party that has a loan
Replies: 17
Views: 1051

Re: Protection buying a used car private party that has a loan

I was the seller of a car this way many years ago. I can't remember exactly how it went, but it basically all was done through the buyer and the lender. When it was settled between them, the lender let me know and I gave the car to the buyer. I called my lender before ever even listing it for sale t...
by chevca
Sat Sep 29, 2018 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Pay extra on mortage if I'm already maxing 401k and Roth?
Replies: 16
Views: 2325

Re: Pay extra on mortage if I'm already maxing 401k and Roth?

Personally, I would pay down the mortgage before taxable investing in the OP's case. But, that's just me.

OP, what would make you feel more comfortable, paying down the mortgage or further investing?
by chevca
Sat Sep 29, 2018 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Car broker
Replies: 27
Views: 2485

Re: Car broker

I am the OP..... and this has been a fascinating topic for me. The issue of a Car Broker- seems to be excessively subjective. Let me first say, as closely as I could determine, the deal I got with the Car Broker- was in all likelihood Between 100 and $200 difference either way. I may have saved a c...
by chevca
Wed Sep 19, 2018 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: $20k Investment for 3-5 Years
Replies: 5
Views: 1075

Re: $20k Investment for 3-5 Years

I'd just stick with CDs. We're talking $5k here. It's not going to be a meaningful difference no matter which way you go, IMO. Keep it simple.
by chevca
Mon Sep 17, 2018 4:32 pm
Forum: Personal Consumer Issues
Topic: How to determine quality of a finished new construction home
Replies: 45
Views: 3095

Re: How to determine quality of a finished new construction home

Best person who know is all is the city/county inspector who inspects new homes. Sure, but what are they going to tell you... it passed or it failed. :happy They don't sit down and talk with every potential buyer of every home they inspect. In my experience, inspectors love to talk. They are willin...
by chevca
Mon Sep 17, 2018 4:30 pm
Forum: Investing - Theory, News & General
Topic: Is there such thing as saving TOO much?
Replies: 78
Views: 7056

Re: Is there such thing as saving TOO much?

So Far this year, I've saved roughly 26k...and I've made about 38k... How? I would've expected taxes to cut that $38k to $30k. You've lived nearly nine months on $4k? yea something is off about that. do you live at home OP? Some should read the whole thread. The answers they seek are in there. :hap...
by chevca
Fri Sep 14, 2018 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Using 401k loans to max tax advantaged accounts early in career
Replies: 29
Views: 1968

Re: Using 401k loans to max tax advantaged accounts early in career

How much are we talking here... how much in the 401k... how far off from maxing the low earning years would you be? Many plans have limits on how much you can borrow, like 50% of the total balance. You would probably have to start paying back the loan immediately. If you can't afford to max it out n...
by chevca
Fri Sep 14, 2018 12:43 pm
Forum: Investing - Theory, News & General
Topic: Ok reasons for a 37 year old to have a 60/40 mix?
Replies: 66
Views: 11313

Re: Ok reasons for a 37 year old to have a 60/40 mix?

The thread is over a year old, so you're 38 now, yes? Are you thinking and asking about going from 60/40 to 62/38? Why bother... or, go for it... it doesn't matter much with that small of a change.

I'd just leave it at 60/40.
by chevca
Thu Sep 13, 2018 1:58 pm
Forum: Personal Consumer Issues
Topic: How to determine quality of a finished new construction home
Replies: 45
Views: 3095

Re: How to determine quality of a finished new construction home

Best person who know is all is the city/county inspector who inspects new homes. Sure, but what are they going to tell you... it passed or it failed. :happy They don't sit down and talk with every potential buyer of every home they inspect. In my experience, inspectors love to talk. They are willin...