Search found 445 matches

by DrGoogle2017
Fri Nov 17, 2017 1:26 pm
Forum: Investing - Theory, News & General
Topic: Where did you first learn about investing?
Replies: 58
Views: 1871

Re: Where did you first learn about investing?

I have to thank both of my first tech team leaders that I’ve worked with in my first job out of college, one was married to a professor at Harvard Business School, he is now a professor at Princeton, the other also graduated from Yale with PhD degree in CS. They both told me to NOT be too focused on...
by DrGoogle2017
Fri Nov 17, 2017 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: Finance Simplicity
Replies: 35
Views: 1413

Re: Finance Simplicity

jharri1271 wrote:
Thu Nov 16, 2017 10:47 pm
Problem is: I can't put $10,000 into a Roth IRA every year. Your only allowed $5500. All these rules need to be removed so things are simpler.
There is a reason for that, some people don’t have any retirement plan at work. If anything I think this amount should be raised.
by DrGoogle2017
Fri Nov 17, 2017 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Help for semi retired friend with 8 figure savings
Replies: 60
Views: 3534

Re: Help for semi retired friend with 8 figure savings

I would certainly look to simplify his portfolio. Too many moving parts, it’s hard to keep track as one gets older. Maybe no need for advisor.
by DrGoogle2017
Fri Nov 17, 2017 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 150
Views: 11327

Re: Why NOT make more money?

I spend more when I retire because I have time. All discretionary. Like 3 live performances in the last few weeks, 2 performances were priceless, glad we were able to go because we’re retired now.
by DrGoogle2017
Fri Nov 17, 2017 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Retire at FRA of 66, or delay for one year?
Replies: 10
Views: 591

Re: Retire at FRA of 66, or delay for one year?

I would retire if I were you. One year will not make a difference.
by DrGoogle2017
Thu Nov 16, 2017 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Understanding How to Handle Bonus
Replies: 29
Views: 1956

Re: Help with Understanding How to Handle Bonus

I would pay off the student loan first.
by DrGoogle2017
Thu Nov 16, 2017 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Fair way to split expenses?
Replies: 105
Views: 4143

Re: Fair way to split expenses?

For those who make a 50/50 split, are the chores also split 50/50? If so, by what measure? And this is a great example of why it can only be 50/50. When you start keeping score and deciding who deserves more because of their various monetary and non-monetary contributions, all you will wind up with...
by DrGoogle2017
Wed Nov 15, 2017 9:06 pm
Forum: Personal Consumer Issues
Topic: Regrets after reaching retirement?
Replies: 42
Views: 4090

Re: Regrets after reaching retirement?

Nothing except maybe I should have invested a little bit of money in bitcoin. :D
by DrGoogle2017
Wed Nov 15, 2017 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Sobering article for my 25 year old self
Replies: 57
Views: 6358

Re: Sobering article for my 25 year old self

Folks, IMHO, the real sobering thought for a 25 years person is that for many people, it is unlikely that they will be continuously fully-employed until retirement age. They are likely to be unemployed for 6 months to 1 year if not longer. Recessions will occur regularly. They will be affected by o...
by DrGoogle2017
Wed Nov 15, 2017 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Fair way to split expenses?
Replies: 105
Views: 4143

Re: Fair way to split expenses?

I would think along the like of ratio of income. If you make $100k and she makes $50k, then it would 2:1.
by DrGoogle2017
Wed Nov 15, 2017 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Capital Gains in IRA [are they taxable?]
Replies: 8
Views: 609

Re: Capital Gains in IRA [are they taxable?]

Capital gain term should not be used inside an IRA because from a tax perspective there is no difference.
by DrGoogle2017
Wed Nov 15, 2017 2:14 pm
Forum: Investing - Theory, News & General
Topic: Do you subscribe to taking risk only on the equity side
Replies: 40
Views: 2134

Re: Do you subscribe to taking risk only on the equity side

I’ve thought about bitcoin but was too chicken to pull the trigger.
by DrGoogle2017
Wed Nov 15, 2017 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Sobering article for my 25 year old self
Replies: 57
Views: 6358

Re: Sobering article for my 25 year old self

I agree that balance is key. The important thing is to save early and just be aware that for every dollar you spend, you need to earn $2. No need to be extreme in anything. This is why many people give up on savings because it becomes an insurmountable task if people think they should save a huge pe...
by DrGoogle2017
Tue Nov 14, 2017 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Where to take more risk: 401k or Roth?
Replies: 32
Views: 2784

Re: Where to take more risk: 401k or Roth?

I don’t know if it’s flawed to be 100% in equities for Roth. My daughter’s Roth account has gone up 3 times the total contribution. In the first few years, she only had a few thousands sporadically starting with 2007. She did have one big graduation gift in 2013. No messing about with it ever.
by DrGoogle2017
Tue Nov 14, 2017 5:24 pm
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 73
Views: 6928

Re: GE and the myth of "safe blue-chip stocks"

It turns out Buffet did sell GE back in June of 2017. He must know something about it.
https://www.cnbc.com/2017/08/14/buffett ... ctric.html
by DrGoogle2017
Tue Nov 14, 2017 4:10 pm
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 73
Views: 6928

Re: GE and the myth of "safe blue-chip stocks"

Wsj had an article recently, GE sold its GE Capital at the wrong time.
by DrGoogle2017
Tue Nov 14, 2017 4:02 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3053
Views: 900050

Re: What Movie Have You Recently Watched?

We’ve finally saw Superwoman from Redbox, my daughter gave this movie a thump up, but unfortunately we disagreed with her. I’m not sure I want to get Superman vs Batman.
Back to watching the Great Escape on TV for the 4th or 5th time. It’s been running on our local TV.
by DrGoogle2017
Tue Nov 14, 2017 3:59 pm
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 73
Views: 6928

Re: GE and the myth of "safe blue-chip stocks"

GE was the top performing stock in my ROTH IRA until this year. There's no tax advantage to selling it. But, I wonder if I should just move on anyway. A ship that big takes awhile to turn around. I’m surprised about this, I checked its performance with morningstar and I’m still in disbelieve. I did...
by DrGoogle2017
Tue Nov 14, 2017 3:55 pm
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 73
Views: 6928

Re: GE and the myth of "safe blue-chip stocks"

I don’t think it just the stock, GE products have been going downhill for years. People used to think of GE appliances as reliable products to own, not any more, so I’m not surprised GE stock didn’t go up. Appliances and other consumer products are just a small part of their business. Some of their...
by DrGoogle2017
Tue Nov 14, 2017 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: Pay down a 3.25% 15-year mortgage?
Replies: 24
Views: 3279

Re: Pay down a 3.25% 15-year mortgage?

hyperpigment26 wrote:
Tue Nov 14, 2017 1:40 pm
So what number would you suggest?
Whatever the market gives you. Get the more accurate quote from realtors. But prepare mentally for the loss.
by DrGoogle2017
Tue Nov 14, 2017 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Borrowing from parents - what interest rate?
Replies: 52
Views: 3382

Re: Borrowing from parents - what interest rate?

I would pay them 5 year CD rate, around 2.25%-2.5%.
by DrGoogle2017
Tue Nov 14, 2017 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: Pay down a 3.25% 15-year mortgage?
Replies: 24
Views: 3279

Re: Pay down a 3.25% 15-year mortgage?

I don’t know where you are but most condos have recovered from the housing bubble in many areas. The fact that your condo keeps losing money in this recovery is not a good sign. If we have a downturn again, it surely will lose more money. Maybe this will help you make the decision, what if your cond...
by DrGoogle2017
Tue Nov 14, 2017 1:10 pm
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 73
Views: 6928

Re: GE and the myth of "safe blue-chip stocks"

I don’t think it just the stock, GE products have been going downhill for years. People used to think of GE appliances as reliable products to own, not any more, so I’m not surprised GE stock didn’t go up.
by DrGoogle2017
Tue Nov 14, 2017 1:04 pm
Forum: Investing - Theory, News & General
Topic: Regret of selling winning stocks early
Replies: 64
Views: 8483

Re: Regret of selling winning stocks early

I regretted of letting go of my puts on PCLN too early last week, I had badminton class in the morning, so that’s why I let them go early. When I came back from my class, I saw my puts went up significantly. As usually, I let go of my winning trades too soon, but at least I made some money. But it b...
by DrGoogle2017
Tue Nov 14, 2017 1:01 pm
Forum: Investing - Help with Personal Investments
Topic: Pay down a 3.25% 15-year mortgage?
Replies: 24
Views: 3279

Re: Pay down a 3.25% 15-year mortgage?

Two questions I have:
1) why is such high depreciation expense, you can only depreciate building and not land value.
2) Does the mortgage payment including in the expenses, it doesn’t seem like it at first glance.
by DrGoogle2017
Tue Nov 14, 2017 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Where to take more risk: 401k or Roth?
Replies: 32
Views: 2784

Re: Where to take more risk: 401k or Roth?

GE is a falling knife, the stock is not stable enough to buy. I’m afraid It could be a lose lose situation, not the other way around. I’m wondering when will Warren Buffet is going to announce he liquidates all his investment on GE. Maybe he already did.
by DrGoogle2017
Tue Nov 14, 2017 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Pay down a 3.25% 15-year mortgage?
Replies: 24
Views: 3279

Re: Pay down a 3.25% 15-year mortgage?

I agree to sell the rental and take a loss. Maybe you can offset future capital gain from something later on. I don’t see any reason to keep the rental.
by DrGoogle2017
Mon Nov 13, 2017 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: Lump sum or DCA in a Roth?
Replies: 11
Views: 464

Re: Lump sum or DCA in a Roth?

Not for that small amount. I invested my daughter’s Roth IRA at the peak 2007-2008, but around $1000, fast forward she has a lot more than that. Good thing it was small amount. I tend to get too cautious when it’s a larger amount. DrGoogle, are you saying you would lump sum 5500 or DCA it? Yes to l...
by DrGoogle2017
Mon Nov 13, 2017 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: Lump sum or DCA in a Roth?
Replies: 11
Views: 464

Re: Lump sum or DCA in a Roth?

Not for that small amount. I invested my daughter’s Roth IRA at the peak 2007-2008, but around $1000, fast forward she has a lot more than that. Good thing it was small amount. I tend to get too cautious when it’s a larger amount.
by DrGoogle2017
Mon Nov 13, 2017 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Failure to file Form 8606 30 years ago....
Replies: 6
Views: 1495

Re: Failure to file Form 8606 30 years ago....

I would try to resubmit a 8606 for that year with a note to say that you forgot. How did you find out after all these years.
by DrGoogle2017
Sun Nov 12, 2017 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Form 5498 or 1099R (IRA to Roth Conversion)
Replies: 40
Views: 1613

Re: Form 5498 or 1099R (IRA to Roth Conversion)

I usually check online, Vanguard tells me how much I converted or contributed per year. The statement also has that information.
by DrGoogle2017
Sun Nov 12, 2017 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Use or Lose $850 from Limited Expense FSA
Replies: 36
Views: 1611

Re: Use or Lose $850 from Limited Expense FSA

I usually used all of my FSA money. Massage therapy at any chiropractor also qualifies. Only if prescribed by a physician to treat a physical or mental ailment. Also, never for a Limited FSA. It was prescribed by my physician yearly becauseI told him I have back problem. One year, I think I spent n...
by DrGoogle2017
Sun Nov 12, 2017 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Use or Lose $850 from Limited Expense FSA
Replies: 36
Views: 1611

Re: Use or Lose $850 from Limited Expense FSA

I usually used all of my FSA money. Massage therapy at any chiropractor also qualifies.
by DrGoogle2017
Sun Nov 12, 2017 3:46 pm
Forum: Personal Consumer Issues
Topic: Flying first class, business, versus economy.
Replies: 182
Views: 15793

Re: Flying first class, business, versus economy.

I don’t go nuts about hotels either. I just priced 8 weeks in various countries in Europe, HCOL, LCOL, MCOL, I think at max, I will spend about $16k. All hotel prices including breakfast, no spending money yet. I just want to sleep in nice comfort King size bed, no views is ok. It’s definitely about...
by DrGoogle2017
Sun Nov 12, 2017 2:00 pm
Forum: Personal Consumer Issues
Topic: Flying first class, business, versus economy.
Replies: 182
Views: 15793

Re: Flying first class, business, versus economy.

It’s not a couple hours, it’s 9-11 hours. I fly coach to Hawaii because it’s only 5 hours.
by DrGoogle2017
Sun Nov 12, 2017 1:53 pm
Forum: Personal Consumer Issues
Topic: Flying first class, business, versus economy.
Replies: 182
Views: 15793

Re: Flying first class, business, versus economy.

I get to travel premium economy or business for work, and it's nice. Really nice. But when I'm buying the tickets, I just can't justify the upcharge. For example, I'm taking my family to Thailand soon. Economy tickets for the 4 of us cost $4000, Premium Economy $8000, and Business Class $16,000. Th...
by DrGoogle2017
Sun Nov 12, 2017 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Paying off Home mortgage, partner doubts?
Replies: 40
Views: 2828

Re: Paying off Home mortgage, partner doubts?

If you plan to rent it out, it’s best to keep the mortgage. But I’m nervous of the 50% SWR by your decision. It won’t work in my household. Good luck!
by DrGoogle2017
Sun Nov 12, 2017 11:38 am
Forum: Investing - Help with Personal Investments
Topic: How do you project the amount you will have to spend annually in retirement?
Replies: 76
Views: 4041

Re: How do you project the amount of income you will have in retirement?

I don’t. When I planned my retirement, I kept all future income the same because I have no idea how much it would go up. Luckily my rental income went up 25% since my initial planning. But cost goes up too so it’s a wash.
by DrGoogle2017
Sun Nov 12, 2017 11:32 am
Forum: Personal Consumer Issues
Topic: Better way to get rid of old fridge?
Replies: 38
Views: 2288

Re: Better way to get rid of old fridge?

I gave mine to charity and they did come and take it. The reason for the donation was that I moved, no new fridge delivery possible.
by DrGoogle2017
Sun Nov 12, 2017 11:06 am
Forum: Investing - Help with Personal Investments
Topic: LifeStrategy Fund in Taxable account
Replies: 16
Views: 1386

Re: LifeStrategy Fund in Taxable account

I’m thinking of having BRK/B in my taxable for tax efficient reason, not LifeStrategy.
by DrGoogle2017
Sat Nov 11, 2017 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Liability insurance for college students in dorms ?
Replies: 13
Views: 1001

Re: Liability insurance for college students in dorms ?

Good thing I didn’t think about this when both of my two kids were going through college, I would be driven more neurotic.
by DrGoogle2017
Sat Nov 11, 2017 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: A penny saved is NOT a penny earned ..
Replies: 16
Views: 2206

Re: A penny saved is NOT a penny earned ..

I’ve always think of it as $2 earned for every dollar I spend. It’s easier to think in whole number.
by DrGoogle2017
Sat Nov 11, 2017 2:57 pm
Forum: Personal Consumer Issues
Topic: Tipping for restaurants where you order at the counter
Replies: 106
Views: 10139

Re: Tipping for restaurants where you order at the counter

I always put cash tips to avoid restaurant owners from not distributing tips. Something I’ve read in the past. But no I don’t tip at counter, the tip line maybe just there for others who eat in.
by DrGoogle2017
Sat Nov 11, 2017 2:39 pm
Forum: Personal Consumer Issues
Topic: Flying first class, business, versus economy.
Replies: 182
Views: 15793

Re: Flying first class, business, versus economy.

Business class tickets from LAX to London is about $4000 per ticket, thanks to my British Airways credit card, I paid $2600 for two tickets for summer travel. Not a bad trade off for spending $30k on BA credit card for one year. If I don’t have the extra miles, I would pay $4000 for two tickets. It ...
by DrGoogle2017
Sat Nov 11, 2017 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 150
Views: 11327

Re: Why NOT make more money?

Honestly my work has not been exciting since I’ve made some money in the 90s, but I continued plodding along just in case. Only the last 3 years of my last job, has work became awful, full of petty people, plus a long commute was the reason I planned for retirement. I thought of retiring at 55 was e...
by DrGoogle2017
Sat Nov 11, 2017 1:13 pm
Forum: Investing - Theory, News & General
Topic: Retirees: I got this!!
Replies: 75
Views: 8319

Re: Retirees: I got this!!

I’ve retired almost 2 years and I think I’m beginning to get the hang of it. For normal living expense, I don’t have to worry. But for LTC, it’s still a bit unknown.
by DrGoogle2017
Sat Nov 11, 2017 12:58 pm
Forum: Personal Consumer Issues
Topic: Do you meditate?
Replies: 107
Views: 6081

Re: Do you meditate?

I’ve been doing yoga all my life but no meditation, maybe I should try it sometime, but I’m way too impatient to count the bead necklace that was given to me from a Buddhist person. However, I noticed my stiff neck and back went away with Pilate exercises, you need to create all 4 curves in the lowe...
by DrGoogle2017
Sat Nov 11, 2017 12:13 am
Forum: Investing - Theory, News & General
Topic: Do you keep anything in your portfolio as a monument to your bad decisions?
Replies: 67
Views: 4165

Re: Do you keep anything in your portfolio as a monument to your bad decisions?

No, I find reasons to get rid of things, not the other way around. What can I say,I’m impatient.
by DrGoogle2017
Fri Nov 10, 2017 9:13 pm
Forum: Personal Consumer Issues
Topic: 450,000 American Airlines MILES gifted to me - how to book
Replies: 25
Views: 2285

Re: 450,000 American Airlines gifted to me - how to book

I'm pretty sure logging in to the Uncle's account is fraud and would have unpleasant consequences if detected. The normal procedure is that the holder of the points books the tickets for the people he wants to buy tickets for. You don't just call up the airline and book a ticket using someone else'...
by DrGoogle2017
Fri Nov 10, 2017 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Equity Line Of Credit ??.......
Replies: 16
Views: 1329

Re: Equity Line Of Credit ??.......

I’ve had 2-3 lines of HELOC in the past, no abuse ever. Know yourself is the key. I opened one on my current house before I retired with a PENFED.