Search found 3330 matches

by JBTX
Wed Jul 18, 2018 3:36 pm
Forum: Personal Consumer Issues
Topic: Hardwood Floors
Replies: 11
Views: 1139

Re: Hardwood Floors

We used Bella Cera engineered wood. We bought in mainly because it matched the color scheme and it looked really good. It is very dark and glued on. It can chip and scratch, but luckily with a black floor marker you can color the divits and it isn't noticeable. It is hand carved and distressed so it...
by JBTX
Wed Jul 18, 2018 3:27 pm
Forum: Investing - Theory, News & General
Topic: Help me understand TIPs.
Replies: 9
Views: 624

Re: Help me understand TIPs.

I think people have a hard time wrapping their heads around tips because they tend to focus on nominal measures and not real. Bingo! We see this here all the time. Plus there is a recency bias given their performance has not been stellar over the last 35 years due to declining inflation, plus the l...
by JBTX
Wed Jul 18, 2018 3:21 pm
Forum: Investing - Theory, News & General
Topic: Help me understand TIPs.
Replies: 9
Views: 624

Re: Help me understand TIPs.

I have a hard time recommending TIPS. Risk and return are linked and this is one of the safest investments out there. The only case where they would beat normal treasuries are in a situation where inflation increased unexpectedly. I'm not a huge TIPS fans myself, but the exception you provide is a ...
by JBTX
Wed Jul 18, 2018 12:43 pm
Forum: Investing - Theory, News & General
Topic: Help me understand TIPs.
Replies: 9
Views: 624

Re: Help me understand TIPs.

Tips are better used in a tax deferred account vs a taxable account given interest is accrued and annually taxable at ordinary tax rates Tips are not totally risk free. They do have a real interest rate that does go up and down, apart from the inflation component which can cause fluctuation in value...
by JBTX
Wed Jul 18, 2018 11:20 am
Forum: Investing - Help with Personal Investments
Topic: Heresy: Is It Worth Converting tIRAs to Roth?
Replies: 20
Views: 1765

Re: Heresy: Is It Worth Converting tIRAs to Roth?

One question is will you retire in the same state? Given your 24% federal rate and your situation I would consider a partial conversion at 24, but adding another 9% state raises the threshold substantially.
by JBTX
Wed Jul 18, 2018 11:01 am
Forum: Personal Consumer Issues
Topic: Amazon Prime Day 2018
Replies: 82
Views: 8497

Re: Amazon Prime Day 2018

I bought two things that have been on my list for awhile I wanted the Bose Quiet Comfort 25 (non blue tooth) because of it's excellent noise cancelling features. Watched it at $300 then $200 then jumped at $140 last year (but too late). At $125 it was right in the sweet spot. Also needed a 256GB mi...
by JBTX
Wed Jul 18, 2018 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Thinking about job change but current job gives 9% salary into 401k..
Replies: 19
Views: 1635

Re: Thinking about job change but current job gives 9% salary into 401k..

The 9% could be a non elective employer match, or it could be a profit share, or a combination of both. If circumstances change they could ultimately change either, although they would be less likely to change a non elective match than a profit share.
by JBTX
Tue Jul 17, 2018 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: How can I pay my credit card balance with a Visa Gift Card?
Replies: 32
Views: 2379

Re: How can I pay my credit card balance with a Visa Gift Card?

I researched many sources (Quora, etc.) and found conflicting answers. Can I pay my credit card balance with a Visa Gift Card? Has anyone on this forum been able to do so without paying any fees? There are two issues with these type of transactions. 1) The issuer expects you to use the card to buy ...
by JBTX
Tue Jul 17, 2018 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Rollover to a expensive 401k worth it?
Replies: 15
Views: 586

Re: Rollover to a expensive 401k worth it?

Every year you will incur about $1000 in extra expenses in that 401k Each year by doing backdoor Roth you'd save maybe: 11000 *.08 return = approx $1000 gain times 15% cap gains rate = $150 per year. Tax efficient index funds would be less than that since they don't recognize gains that often. So th...
by JBTX
Tue Jul 17, 2018 1:15 am
Forum: Investing - Theory, News & General
Topic: Why is leveraging property good but leveraging stocks bad?
Replies: 143
Views: 9183

Re: Why is leveraging property good but leveraging stocks bad?

Margin loans are typically higher than mortgage rates plus you have margin calls. My margin loan rate is currently 3.1%. What's your mortgage rate? I thought mortgages were currently at 4.6% or so? My mortgage is 3.25. It is a 15 year. I'm not at all an expert on margin loans. Just from basic googl...
by JBTX
Mon Jul 16, 2018 7:07 pm
Forum: Personal Consumer Issues
Topic: Would you pay $120 for a 5 year dishwasher warranty?
Replies: 61
Views: 2552

Re: Would you pay $120 for a 5 year dishwasher warranty?

Conventional wisdom is you don't. And I typically don't. We have a whole new set of kitchen appliances and I'm not purchasing warranty on any of them. That said, there have been occasions where I bought one, in spite of the conventional wisdom. The rationale is that of it were to malfunction I would...
by JBTX
Mon Jul 16, 2018 6:58 pm
Forum: Investing - Help with Personal Investments
Topic: Planning to invest, but where?
Replies: 4
Views: 335

Re: Planning to invest, but where?

Max out your 401k first. Not just to the employer match.
by JBTX
Mon Jul 16, 2018 6:55 pm
Forum: Personal Consumer Issues
Topic: How much did your braces/invisalign braces cost?
Replies: 22
Views: 1790

Re: How much did your braces/invisalign braces cost?

First kid was around $4200 what we spent. Insurance may have picked up a little in addition to that. Second kid was less than $3000 with no insurance pickup. Same provider. His are a little less complicated than first. I was recently quoted by my dentist $7500 for me for invisiline. I have no intent...
by JBTX
Mon Jul 16, 2018 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Families - What's your total annual credit card spend?
Replies: 68
Views: 4132

Re: Families - What's your total annual credit card spend?

I've never run the numbers, but probably $80k-$100k for family of 4. We put everything on the card we can.
by JBTX
Sun Jul 15, 2018 11:58 pm
Forum: Investing - Theory, News & General
Topic: Why is leveraging property good but leveraging stocks bad?
Replies: 143
Views: 9183

Re: Why is leveraging property good but leveraging stocks bad?

Agree that leveraging for stocks per se isn't bad. But margin loans are. Margin loans are typically higher than mortgage rates plus you have margin calls. We could easily pay off our modest mortgage by tapping into a small portion of retirement portfolio but I'd rather retain the 3.25% loan and keep...
by JBTX
Sun Jul 15, 2018 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone not have a Budget?
Replies: 99
Views: 5179

Re: Anyone not have a Budget?

Historically not really. On occasion I'll take prior year spending categories and set goals/ targets for current year but I rarely follow up. It is really about meeting:

1. Long term savings goals
2. Short term liquidity goals.
by JBTX
Sun Jul 15, 2018 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: What rate of return are you using for retirement projections?
Replies: 99
Views: 8839

Re: What rate of return are you using for retirement projections?

I use around 3.0% real for entire portfolio.

I suspect most people use the lowest number that safely still meets their objectives.
by JBTX
Sun Jul 15, 2018 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Investing vs Debt
Replies: 12
Views: 643

Re: Investing vs Debt

+2 to rural avalon Funding Roths at a low tax bracket while low 30s or paying of 6.6 debt is a judgement call. You could argue either way on that. You are kind of in the middle. Less than 5% I'd say definitely fund the Roth. More than 8% I'd say definitely pay off the debt. I would tend to favor the...
by JBTX
Sun Jul 15, 2018 1:32 am
Forum: Personal Finance (Not Investing)
Topic: 401k for 1099 income
Replies: 6
Views: 602

Re: 401k for 1099 income

You can't exceed a total of $18500 total employee contributions tax deferred for all qualified plans put together. However you could fund the employer match of a self employed 401k. It would only be approx.20% of self employment income, or $2400, so that may not be enough to be worth the effort.
by JBTX
Thu Jul 12, 2018 11:23 pm
Forum: Investing - Theory, News & General
Topic: The value of international stocks, in pictures
Replies: 62
Views: 7358

Re: The value of international stocks, in pictures

I agree if returns are "different" seems to me there is diversification benefit. Looking at the OP graphs it is hard to conclude there is no diversification benefit. We keep looking over limited data time frames which include the last 30-40 years where the US has had an overall extraordinary run. Th...
by JBTX
Thu Jul 12, 2018 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: Eesh! 100% Company Stock - Help me with my 401k!
Replies: 20
Views: 1426

Re: Eesh! 100% Company Stock - Help me with my 401k!

Some More Details about the Target Fund: Target Retirement 2055 Fund Fund Category / Average Cash 2.28% / 3.73% Convertibles 0.00% / 0.04% Domestic Bond 6.53% / 4.94% Preferred Stock 0.01% / 0.07% Foreign Bond 3.32% / 1.54% Foreign Stock 33.53% / 31.41% Others 0.34% / 4.52% Domestic Stock 54.00% / ...
by JBTX
Thu Jul 12, 2018 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: Eesh! 100% Company Stock - Help me with my 401k!
Replies: 20
Views: 1426

Re: Eesh! 100% Company Stock - Help me with my 401k!

Some More Details about the Target Fund: Target Retirement 2055 Fund Fund Category / Average Cash 2.28% / 3.73% Convertibles 0.00% / 0.04% Domestic Bond 6.53% / 4.94% Preferred Stock 0.01% / 0.07% Foreign Bond 3.32% / 1.54% Foreign Stock 33.53% / 31.41% Others 0.34% / 4.52% Domestic Stock 54.00% / ...
by JBTX
Thu Jul 12, 2018 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Credit score after becoming debt free?
Replies: 44
Views: 2889

Re: Credit score after becoming debt free?

Why would you choose to go into debt again? To buy a house in the event I do not have enough readily available cash to pay for it without incurring tax penalties. So you worked hard and used up your source of readily available cash to become totally debt free and are very proud of it. And now you w...
by JBTX
Thu Jul 12, 2018 9:31 am
Forum: Personal Consumer Issues
Topic: Is expensive olive oil worth it?
Replies: 59
Views: 5386

Re: Is expensive olive oil worth it?

There is a documentary series on Netflix called "Rotten." One of the episodes is about olive oil and how pretty much all of it is faked up and down the price spectrum. It's worth watching. I thought I saw a similar thing on 60 minutes years ago. https://www.google.com/amp/s/www.cbsnews.com/amp/news...
by JBTX
Wed Jul 11, 2018 9:28 pm
Forum: Investing - Theory, News & General
Topic: Dow 40000 prediction for 2025
Replies: 44
Views: 3860

Re: Dow 40000 prediction for 2025

Houston we have a problem. -- We have one thread telling us to get ready for a LOST decade. -- We have this thread telling us to get ready for Dow 40k in seven years. Which one is correct? Gracias por leer ~cfs~ Most likely neither, and obvious answer is no one knows. But my take/guess is that the ...
by JBTX
Wed Jul 11, 2018 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Whole Life - We're doing it. What to look for?
Replies: 128
Views: 7484

Re: Whole Life - We're doing it. What to look for?

Agreed. This is a very good policy. Over the last few months I was looking at policies for a friend and they were exactly like you described. Zero cash value for 5 years and not much addition through year ten. I would see rates of return between 2.5% and 4.0%. Really dismal returns. As to after yea...
by JBTX
Tue Jul 10, 2018 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life - We're doing it. What to look for?
Replies: 128
Views: 7484

Re: Whole Life - We're doing it. What to look for?

If the SO has shopped for term coverage and really cannot get a policy, or the premiums for term would be higher than this whole life policy, then this policy is the least expensive way to get additional life insurance. I'm guessing like you are saying that if they instead pursued a different term ...
by JBTX
Tue Jul 10, 2018 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Whole Life - We're doing it. What to look for?
Replies: 128
Views: 7484

Re: Whole Life - We're doing it. What to look for?

A term policy of 20 years for a 35 year old standard risk 100k would be about $175 per year. Your whole life is almost $1000 per year. https://www.quickquote.com/term-life-insurance-quotes It's Impossible to say if your quote us good because we dont know the cash value at 20 years or any other poin...
by JBTX
Tue Jul 10, 2018 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Whole Life - We're doing it. What to look for?
Replies: 128
Views: 7484

Re: Whole Life - We're doing it. What to look for?

I have also found it interesting that one of the major knocks against WL is the amount of principal that goes towards salesman's commissions. With Navy Mutual, they claim their salesman are commission-free and the company is a non-profit. While these are probably true statements, I suspect a fair a...
by JBTX
Tue Jul 10, 2018 7:29 am
Forum: Investing - Theory, News & General
Topic: WCI blog post - "This Real Estate Bubble - Likely Isn't a Bubble"
Replies: 58
Views: 6550

Re: WCI blog post - "This Real Estate Bubble - Likely Isn't a Bubble"

To keep this actionable, I will note that I am tracking this data closely because I may be ready to buy a house in the next 3-5 years. Also, to keep this intellectually honest, we need to acknowledge that the source/author is a mortgage lender, who makes money when people buy houses and use a lot o...
by JBTX
Tue Jul 10, 2018 7:13 am
Forum: Personal Consumer Issues
Topic: Resume Question
Replies: 10
Views: 658

Re: Resume Question

I'm not sure if there is an established convention. I might be more detailed about the current employer, brief about the same duties with earlier employers, and include something unique about each employer. Maybe something like: 2016-present. Megacorp Inc. Test technician. Utilized industry-standar...
by JBTX
Tue Jul 10, 2018 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Whole Life - We're doing it. What to look for?
Replies: 128
Views: 7484

Re: Whole Life - We're doing it. What to look for?

A term policy of 20 years for a 35 year old standard risk 100k would be about $175 per year. Your whole life is almost $1000 per year. https://www.quickquote.com/term-life-insurance-quotes It's Impossible to say if your quote us good because we dont know the cash value at 20 years or any other poin...
by JBTX
Tue Jul 10, 2018 1:43 am
Forum: Personal Finance (Not Investing)
Topic: Whole Life - We're doing it. What to look for?
Replies: 128
Views: 7484

Re: Whole Life - We're doing it. What to look for?

A term policy of 20 years for a 35 year old standard risk 100k would be about $175 per year. Your whole life is almost $1000 per year. https://www.quickquote.com/term-life-insurance-quotes It's Impossible to say if your quote us good because we dont know the cash value at 20 years or any other point...
by JBTX
Mon Jul 09, 2018 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life - We're doing it. What to look for?
Replies: 128
Views: 7484

Re: Whole Life - We're doing it. What to look for?

There may be times whole life makes sense for somebody and I don't pretend to be an expert. But keep in mind whole life is a combination of a guaranteed low rate of return investment, and payment on premature death (which is effectively or similar to term insurance). Most of the premium you pay is r...
by JBTX
Mon Jul 09, 2018 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: A little guidance welcomed
Replies: 16
Views: 804

Re: A little guidance welcomed

I want to get the cc down and gone as soon as possible. Would it be wise to knock back the 401k and put towards the card for a year to get it gone? If your employer is not matching, I would pay debt first. I feel like we are doing ok from the people I work with and friends but are reading here I fe...
by JBTX
Sun Jul 08, 2018 11:32 pm
Forum: Personal Consumer Issues
Topic: WiFi router
Replies: 35
Views: 2468

Re: WiFi router

An orbi may be more than what you need but has worked well for us. Much better for streaming Netflix and no issues over the 8 months we've had it. No more dead spots in our house.
by JBTX
Sun Jul 08, 2018 11:28 pm
Forum: Investing - Help with Personal Investments
Topic: Should I rollover 401 and 457? Newbie
Replies: 11
Views: 690

Re: Should I rollover 401 and 457? Newbie

I am new to the community and greatly appreciate the expertise on so many different subjects. I am asking for advice on whether to rollover a 401 and 457 into an IRA and where best to invest it. I am 57 and my wife is 60. We are both retired from professions we worked at for 32 years and are now wo...
by JBTX
Sun Jul 08, 2018 11:14 pm
Forum: Investing - Help with Personal Investments
Topic: Florida Retirement System Options
Replies: 9
Views: 592

Re: Florida Retirement System Options

I'd go with the total market index. It has lower fees and is more broadly diversified. The large cap has performed better over last 5 years because in general large cap stocks have out performed small cap over the last 5. Over the long term small caps have done as well or better than large caps so t...
by JBTX
Sun Jul 08, 2018 11:00 pm
Forum: Investing - Theory, News & General
Topic: How did Druckenmiller achieve a positive return in 2008?
Replies: 14
Views: 1742

Re: How did Druckenmiller achieve a positive return in 2008?

If you had a large enough bond allocation, especially treasuries, it could have happened. Vanguard wellesley income did not lose money from year end to year end during that stretch . The key is comparing year end to year end. Vanguard intermediate treasuries was up about 10% in 2008. Yes, vanguard ...
by JBTX
Sun Jul 08, 2018 3:41 pm
Forum: Investing - Theory, News & General
Topic: I did not know about the Lifestyle funds. [Vanguard LifeStrategy]
Replies: 13
Views: 2381

Re: I did not know about the Lifestyle funds. [Vanguard LifeStrategy]

Based on posts at mutual fund observers the funds only differ in stock bond allocation. In particular the share of us equities to foreign equities is the same for all funds so if you want fewer foreign stocks (or more) than Vanguard thinks you should have you will need to own at least on additional...
by JBTX
Sun Jul 08, 2018 3:35 pm
Forum: Investing - Theory, News & General
Topic: How did Druckenmiller achieve a positive return in 2008?
Replies: 14
Views: 1742

Re: How did Druckenmiller achieve a positive return in 2008?

The thing you have to understand is that Druckenmiller isn’t your typical long-term investor. This isn’t a buy and hold Warren Buffett approach to the markets. He’s a macro trader who makes huge bets, but also changes his mind on a dime... As an example apparently the day before the 1987 crash he w...
by JBTX
Sun Jul 08, 2018 2:50 pm
Forum: Investing - Theory, News & General
Topic: How did Druckenmiller achieve a positive return in 2008?
Replies: 14
Views: 1742

Re: How did Druckenmiller achieve a positive return in 2008?

If you had a large enough bond allocation, especially treasuries, it could have happened. Vanguard wellesley income did not lose money from year end to year end during that stretch. The key is comparing year end to year end.

Vanguard intermediate treasuries was up about 10% in 2008.
by JBTX
Sat Jul 07, 2018 11:33 pm
Forum: Investing - Help with Personal Investments
Topic: Other alternatives
Replies: 14
Views: 859

Re: Other alternatives

If you want to keep it simple

If you feel you are conservative investor go with state street target date 2025.

If you feel you are a bit more aggressive go with state street 2030.

Or maybe do each 50/50.

Then you're done.

It would be nice to know the applicable expense ratios.
by JBTX
Fri Jul 06, 2018 1:31 pm
Forum: Personal Consumer Issues
Topic: Boglehead CPA's: How Do You Complete Your CPE Requirements?
Replies: 7
Views: 493

Re: Boglehead CPA's: How Do You Complete Your CPE Requirements?

I'm like the op, I am certified but don't practice. I usually get a bunch of cheap self study and cram through it pretty quickly. I actually did notice my package had some excel tips and tricks webinars and they are actually pretty good. They have other non accounting stuff but the material is very ...
by JBTX
Thu Jul 05, 2018 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Adding a trust to your homeowner's policy
Replies: 56
Views: 3582

Re: Adding a trust to your homeowner's policy

I had no idea. Just called insurance company and had RLC added as additional insured. No extra charge.
by JBTX
Wed Jul 04, 2018 10:41 pm
Forum: Personal Consumer Issues
Topic: Vacuum Quandary
Replies: 10
Views: 907

Re: Vacuum Quandary

mrc wrote:
Wed Jul 04, 2018 2:40 pm
Is there a beater bar that's not working? If it won't pick up a dead cat, something's clogged or a vent may be open. The filter/bag may look clear, but be clogged with fines that will stop the airflow.
A vacuum would not be my first choice for dead cat removal.
by JBTX
Wed Jul 04, 2018 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: 401k fees...what's "too high?"
Replies: 50
Views: 3163

Re: 401k fees...what's "too high?"

I wouldn't sweat 44 basis points. Unless you are going to be invested in that specific 401k for decades it won't make that much difference. There are certainly 401ks worse than 44 basis points.
by JBTX
Wed Jul 04, 2018 5:26 pm
Forum: Personal Consumer Issues
Topic: How to tip
Replies: 87
Views: 5300

Re: How to tip

Usually the rounded dollar below 20% on entire total
by JBTX
Wed Jul 04, 2018 5:24 pm
Forum: Personal Consumer Issues
Topic: Tipping at non sit down places
Replies: 94
Views: 7773

Re: Tipping at non sit down places

I usually don't. I consider it routine fast food. If I had to increase my cost another 10-15% I would not get it as much.
by JBTX
Wed Jul 04, 2018 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Need Some Basic Advice On Investing At Age 53 (Trying to Dodge 1.7% Fidelity Commissions).
Replies: 4
Views: 468

Re: Need Some Basic Advice On Investing At Age 53 (Trying to Dodge 1.7% Fidelity Commissions).

If you just don't want to spend any time worrying or learning about it, put it in a vanguard target date fund. It takes care of asset allocation for you. It isn't the most tax efficient in a taxable account but it is much better than paying an advisor 1.7%. Or the vanguard advisory service would be ...