Search found 586 matches

by Olemiss540
Thu Nov 15, 2018 8:27 am
Forum: Investing - Help with Personal Investments
Topic: I can't take this anymore=) I'm selling stocks and buying bonds!
Replies: 77
Views: 9019

Re: I can't take this anymore=) I'm selling stocks and buying bonds!

My portfolio has gone down by $12000 over the past few days. I know people on here say it's a blip on the radar, but when I think about what I have to go through to earn $12k ($12k = two months of STRESSFUL hard work) it doesn't seem that trivial any more. Have you thought about how many months you...
by Olemiss540
Thu Nov 15, 2018 8:11 am
Forum: Investing - Help with Personal Investments
Topic: Oops! Edward Jones tops Vanguard in customer survey
Replies: 35
Views: 3811

Re: Oops! Edward Jones tops Vanguard in customer survey

Edward Jones will become your best friend for about 1% of your net worth per annum. :D Investing seminars for the elderly including a free dinner at MCL cafateria! Now that is service. As an owner of Vanguard, I would like to apologize to everyone here for this latest ranking and let you know that ...
by Olemiss540
Thu Nov 15, 2018 8:00 am
Forum: Investing - Help with Personal Investments
Topic: Roth vs. Traditional 401k
Replies: 113
Views: 5029

Re: Roth vs. Traditional 401k

Deontic wrote:
Wed Nov 14, 2018 6:15 pm
Also consider that the Roth IRA does not require an annual RMD after attaining age 70.5, but Roth 401(k) does require RMDs to be taken out of these accounts.
Excepting that a Roth 401k can be rolled over into a Roth IRA upon separation from your employer which makes this a moot point.
by Olemiss540
Wed Nov 14, 2018 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: Roth vs. Traditional 401k
Replies: 113
Views: 5029

Re: Roth vs. Traditional 401k

Always the same story by the same posters with regards to Trad/Roth. This issue will result in a right/wrong solution in HINDSIGHT only. People speaking in definitive terms of one being wrong or right without having ALL relevant facts INCLUDING current state/local/fed marginal tax rates and actual t...
by Olemiss540
Wed Nov 14, 2018 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Questions to late starters
Replies: 8
Views: 736

Re: Questions to late starters

http://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/ Looks like a 30% savings rate would net you retirement in approximately 28 years. No point in looking into the past at your mistakes but instead planning and working towards your new goals. Everyone else's ...
by Olemiss540
Mon Nov 12, 2018 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Sold house. need sanity check
Replies: 5
Views: 1520

Re: Sold house. need sanity check

Sold my home and netted $94k from the sale. Currently renting, but will be looking to purchase a new home fairly soon next 3-6 months. I plan to use all of 94,000 to put a hefty down payment and necessary repairs to the next house. This money was tied up in a house, so it's not like I ever knew tha...
by Olemiss540
Mon Nov 12, 2018 7:18 am
Forum: Investing - Help with Personal Investments
Topic: Permanent Portfolio - Interested in Bogleheads thoughts
Replies: 13
Views: 1643

Re: Permanent Portfolio - Interested in Bogleheads thoughts

I do not speculate on precious metals so I prefer the other brand of permanent portfolio (target date index funds).
by Olemiss540
Sun Nov 11, 2018 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Roth IRA
Replies: 7
Views: 510

Re: Help with Roth IRA

Honestly, you are talking about nickles either way. I would happily keep the money in either Fido investment for the convenience of not having to perform a rollover.

Pick one and move on to more important things.
by Olemiss540
Sat Nov 10, 2018 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: buy a house or rent?
Replies: 5
Views: 776

Re: buy a house or rent?

I would rent, just for the sake of simplicity and convenience. If you have a noisy neighbor or decide to relocate later (or have health issues), it just seems easier. It obviously matters little in the grand scheme which way you go though, not really a numbers game considering you have the financial...
by Olemiss540
Thu Nov 08, 2018 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: Saving for 2019 ROTH; keep in savings or brokerage
Replies: 4
Views: 664

Re: Saving for 2019 ROTH; keep in savings or brokerage

I do not see any downside to placing these funds into a brokerage act. If you have losses, then you are able to TLH, if gains, then you made more than it just sitting in a bank account.

Anything else is just a thinly veiled attempt at market timing.
by Olemiss540
Wed Nov 07, 2018 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Growing into a house
Replies: 15
Views: 2258

Re: Growing into a house

Only 1000 sq ft per person? :annoyed
What's the rest of your financial picture? Any loans/debt? How much cash on hand?
by Olemiss540
Mon Nov 05, 2018 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Financial Checkup: Post-Wedding Pre-Children
Replies: 7
Views: 1177

Re: Financial Checkup: Post-Wedding Pre-Children

Plan looks great. Hardest part will be avoiding lifestyle inflation and doing whatever you can to maintain a 25-30% savings rate moving forward. Great job getting debt free by spring, now stay that way until you retire!
by Olemiss540
Sun Nov 04, 2018 8:39 am
Forum: Investing - Help with Personal Investments
Topic: Close to the Bull Trap phase of the market cycle
Replies: 32
Views: 2771

Re: Close to the Bull Trap phase of the market cycle

Market is not a sure thing... Sep 2000 - Sep 2012 a 70/30 domestic equities/bonds portfolio would have had ZERO inflation adjusted returns. That is 12 years of nothing to show for in terms of growth. Sure, I am cherry picking dates but so what... if you had invested at that top it would've taken yo...
by Olemiss540
Sun Nov 04, 2018 8:15 am
Forum: Personal Consumer Issues
Topic: Please help me with my car decision
Replies: 42
Views: 3389

Re: Please help me with my car decision

I’m confused. You have a minivan that your nanny never actually uses, but you state it’s inconvenient for her not to be able to use it. Your wife has a car that should be able to seat 3 kids in a pinch. Why do you need a 4th car? This. What's the issue if the nanny doesnt really need a vehicle? Why...
by Olemiss540
Sat Nov 03, 2018 9:03 am
Forum: Investing - Help with Personal Investments
Topic: Get out of Morgan Stanley!
Replies: 22
Views: 2591

Re: Get out of Morgan Stanley!

Not incredibly familiar with the process, but I would think a call to Vanguard would be a great start. Do you have all of the cost basis for these stocks or are the cost basis reset due to inheritence? You can sell all of the losers or ones with minimal capital gains ASAP while they are at MS, to mi...
by Olemiss540
Sat Nov 03, 2018 7:55 am
Forum: Personal Finance (Not Investing)
Topic: First Major Medical Expenses under HDHP
Replies: 31
Views: 3089

Re: First Major Medical Expenses under HDHP

I believe the correct answer is extremely individualized. Are you the organized type that can file your taxes in pencil and have 2 cloud based backups for all of your weekly expenses? Then hoarding HSA receipts and keeping that money growing in an investment tax free may be the best option. Believe...
by Olemiss540
Fri Nov 02, 2018 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: First Major Medical Expenses under HDHP
Replies: 31
Views: 3089

Re: First Major Medical Expenses under HDHP

I believe the correct answer is extremely individualized. Are you the organized type that can file your taxes in pencil and have 2 cloud based backups for all of your weekly expenses? Then hoarding HSA receipts and keeping that money growing in an investment tax free may be the best option. Believe ...
by Olemiss540
Thu Nov 01, 2018 7:42 am
Forum: Investing - Help with Personal Investments
Topic: Review of financial plan
Replies: 9
Views: 1340

Re: Review of financial plan

Looks like a great plan for the most part. I would disregard your impulse to get into high risk asset classes as you are just speculating (gambling). Personally, would ease off the 529 throttle a bit and ramp up taxable investments and mortgage payoff a bit. You need to set the cruise control soon a...
by Olemiss540
Thu Nov 01, 2018 7:20 am
Forum: Investing - Help with Personal Investments
Topic: Where should I be financially at 39?
Replies: 42
Views: 5887

Re: Where should I be financially at 39?

The math is easy once you assume reasonable rates of return. Retirement is based on savings rate or percentage of your income is spending versus savings. http://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/ Keep in mind this does not include social security, ...
by Olemiss540
Sat Oct 27, 2018 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard, Costco, Coursera...
Replies: 39
Views: 5373

Re: Vanguard, Costco, Coursera...

Harbor Freight for hand tools, vehicle Jack's (not stands), and zip ties,etc. Have held up to relentless abuse, without an issue. A HECK of a lot cheaper than comparable craftsman so if it ever does break I can buy another set and still be above water. Absolutely love that place and has helped me af...
by Olemiss540
Sat Oct 27, 2018 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Should I lower Savings Rate?
Replies: 27
Views: 2287

Re: Should I lower Savings Rate?

I believe you are in a great position to lower your savings rate. No one here can tell you the best ratio for your family, but I have recently started letting off the pedal myself.in a few years I expect to be right back at 30% or so, but trying to spend a year or two creating lasting memories with ...
by Olemiss540
Sun Oct 21, 2018 6:04 am
Forum: Personal Finance (Not Investing)
Topic: is it better to switch houses in a market downturn?
Replies: 4
Views: 915

Re: is it better to switch houses in a market downturn?

If I was trying to market time condo selling in a HCOL area and had the potential for 350k in profit, better believe I would be selling today and renting.

As a matter of fact I am doing that right now for a much smaller spread.
by Olemiss540
Fri Oct 12, 2018 5:23 pm
Forum: Investing - Help with Personal Investments
Topic: Does Timing Matter? 3 Fund Portfolio
Replies: 39
Views: 2814

Re: Does Timing Matter? 3 Fund Portfolio

True - "exploded" was probably too strong of a term. Also - in response to the 30% bond allocation. It does seem like a lot, but I was just following what is recommended in Taylor Larimore's "The Bogleheads' Guide to the Three-Fund Portfolio" which says the bond allocation % should be around your a...
by Olemiss540
Fri Oct 12, 2018 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: Does Timing Matter? 3 Fund Portfolio
Replies: 39
Views: 2814

Re: Does Timing Matter? 3 Fund Portfolio

Age 31 I was in the process of restructuring my portfolio that I rolled over from my previous employer. My plan was to put 30% in total bond fund, 55% in Total Market Index Fund and 15% in Total International Index. However, the stock market has exploded the last few days so I am hesitant to make a...
by Olemiss540
Fri Oct 12, 2018 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Scared to Jump
Replies: 11
Views: 1475

Re: Scared to Jump

I am not sure you are ready based on recent performance tracking. There is nothing to say that over the next 5 years the boglehead portfolio will overperform your current portfolio. The boglehead portfolio does not promise over performance, but rather MARKET performance. You need to get comfortable ...
by Olemiss540
Fri Oct 12, 2018 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: Relaxing in America during this current market drop
Replies: 20
Views: 4214

Re: Relaxing in America during this current market drop

The main reason why I don't get worried is that I have enough drawdown invested in short term bonds and FDIC products to take me to age 90. That sounds pretty relaxing to me... What market drop? My target date funds maintain my asset allocation, so really no need to track day to day noise. You can ...
by Olemiss540
Fri Oct 12, 2018 10:13 am
Forum: Investing - Help with Personal Investments
Topic: Relaxing in America during this current market drop
Replies: 20
Views: 4214

Re: Relaxing in America during this current market drop

What market drop? My target date funds maintain my asset allocation, so really no need to track day to day noise.
by Olemiss540
Tue Oct 09, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Using bonds to offset mortgage interest?
Replies: 9
Views: 615

Re: Using bonds to offset mortgage interest?

Sounds like a thought exercise to justify market timing.

What other investments do you have (retirement, etc)?

How much liquidity do you really NEED?
by Olemiss540
Tue Oct 09, 2018 9:44 am
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 295
Views: 19116

Re: Talk me out of buying a Tesla Model 3

Can you afford it? Do you have 75k set aside for a toy? If not than no. If so than yes. A GT3 RS would be amazing, but there is a reason I have never test driven one. Your retirement assets do not matter since those are earmarked for 15 years from now, it is a matter of lifestyle inflation and in 3 ...
by Olemiss540
Wed Oct 03, 2018 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Amazon Prime/Whole Foods/AMEX Blue Cash Preferred dilemma
Replies: 26
Views: 2215

Re: Amazon Prime/Whole Foods/AMEX Blue Cash Preferred dilemma

Jags4186 wrote:
Wed Oct 03, 2018 5:05 pm
Personally I think the AMEX BCP is a garbage card. The absolute best you can do is 4.4% cash back on groceries if you spend exactly $6000/yr after subtracting the $95 annual fee. Too much work for too little reward. Of course this is what AMEX wants.
Conveniently ignoring the $200 sign up bonus.
by Olemiss540
Wed Oct 03, 2018 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Amazon Prime/Whole Foods/AMEX Blue Cash Preferred dilemma
Replies: 26
Views: 2215

Re: Amazon Prime/Whole Foods/AMEX Blue Cash Preferred dilemma

You are worried about percentage points on groceries but ignoring a 10% fee (tip) for delivery? Why is delivery even an option if you are worried about an extra 40 dollars in rewards spend each year?
by Olemiss540
Fri Sep 28, 2018 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Pay extra on mortage if I'm already maxing 401k and Roth?
Replies: 16
Views: 2323

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

Will you meet your retirement goals by strictly maxing out your 401k/Roth? No point in considering unless you are on path with regards to your projected nest egg and retirement age.
by Olemiss540
Thu Sep 27, 2018 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Update and new strategy
Replies: 3
Views: 573

Re: Update and new strategy

Personally I would get any free match money from my employer and then use every spare dollar to pay down a 7% loan. No way are you going to get that return on any other risk free investment, doubtful you would get that return with a risky investment either. You will be able to supercharge retirement...
by Olemiss540
Thu Sep 27, 2018 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Update and new strategy
Replies: 3
Views: 573

Re: Update and new strategy

I would knock the student loans out ASAP. Consider keeping a 7k EF and then try and get the loans kicked in the next 14-16 mo! Congrats.
by Olemiss540
Mon Sep 24, 2018 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: How to best plan for future large expenses?
Replies: 12
Views: 1144

Re: How to best plan for future large expenses?

Not sure how I feel about prepaying daycare, but prepaying taxes should be stopped ASAP. Ensure your withholdings are accurate to zero out your tax liability before tax season so you have more money in your pocket now. There is a good worksheet on MMM or can always estimate by hand and then fiddle w...
by Olemiss540
Thu Sep 20, 2018 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: Im going to die somewhere between Bankruptcy and $20 million
Replies: 46
Views: 9688

Re: Im going to die somewhere between Bankruptcy and $20 million

[(removed) --admin LadyGeek] With 750k at 33, you are in the .1%. Quit reading financial forums, running portfolio visualizers, and humble bragging to a bunch of strangers. You could probably retire at 40. If you cant retire at 55, most won't be able to retire at 90. I am done with this place for a...
by Olemiss540
Thu Sep 20, 2018 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Rate our 5 yr plan and beyond
Replies: 25
Views: 1539

Re: Rate our 5 yr plan and beyond

Did I miss the current combined retirement balance? I saw the "projected" but realize you are one correction or downturn from having 200k at 41. A house and a car are the two largest expenses a family has and you went high with both of them. They are dragging your budget down and are a remnant of al...
by Olemiss540
Thu Sep 20, 2018 7:30 am
Forum: Personal Consumer Issues
Topic: Buy-Out BMW Lease / Buy More Practical New Model / Buy Practical Used Model? Help
Replies: 82
Views: 3616

Re: Buy-Out BMW Lease / Buy More Practical New Model / Buy Practical Used Model? Help

You can easily buy a 2013 or 2014 3 series with 50k miles for 10-12k ALL DAY LONG. Given how many miles you drive, I would be surprised if you had any maintenance issues at all over the next 10 years. These cars may not be appliances like Honda or Toyotas, but repairs can be reasonable if you do it ...
by Olemiss540
Thu Sep 20, 2018 6:40 am
Forum: Personal Finance (Not Investing)
Topic: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?
Replies: 83
Views: 7598

Re: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?

I don't think it matters what you gus do, you both seem setup to be in an amazing position with your level of assets at your age.

You truly appear to be crushing it!
by Olemiss540
Wed Sep 19, 2018 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly parents are in debt - Need advice
Replies: 39
Views: 4851

Re: Elderly parents are in debt - Need advice

I am guessing after 70 years, bankruptcy, providing assistance, etc is not going to change much of anything. They need to try and get through the next few months dealing with health issues and then try to convert to a Dave Ramsey style change of habits. Try to get them the Total Money Makeover or in...
by Olemiss540
Tue Sep 18, 2018 6:00 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 293
Views: 25507

Re: What is your single most expensive mistake?

I would have kept the locks the same and worried about theft once it happened. I am assuming the car is insured? Odds are nothing would have happened and I would be $500 richer. I grew up in a lock shop and if someone wants to steal your toyota, they don't need a key. I always make sure to have spar...
by Olemiss540
Fri Sep 14, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else not save for cars?
Replies: 113
Views: 10342

Re: Anyone else not save for cars?

I like the simplicity of buying 10k cars in CASH from a paperwork, monthly hassle, and insurance cost standpoint. The 10k car versus the 22k car seems like a 12k difference until you factor in state and local registration/taxes, increased insurance coverage costs, etc. If I could afford the 22k car ...
by Olemiss540
Thu Sep 13, 2018 10:26 am
Forum: Personal Finance (Not Investing)
Topic: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?
Replies: 118
Views: 11558

Re: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?

That's an incredible story, and I like to think that FI gives someone the ability to turn ladders upside down, or jump from one ladder to another. In other words, I hope that the ability to take risks with my career (once FI) leads to the fulfillment in a role or task to do it for the rest of my lif...
by Olemiss540
Thu Sep 13, 2018 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Buying townhome/home -- need opinions
Replies: 26
Views: 1987

Re: Buying townhome/home -- need opinions

Keep putting 15% away for retirement, and then save as hard as you can. By the time you have a 20% downpayment (40-50k) and a sufficient emergency fund, you will probably have an income to support the townhouses you are looking at. Probably 2-3 years out. Personally, I would rent and try and stick e...
by Olemiss540
Wed Sep 12, 2018 7:48 am
Forum: Personal Finance (Not Investing)
Topic: My daughter's inheritance.
Replies: 64
Views: 8989

Re: My daughter's inheritance.

run away from those advisors, and seek help with vanguard or fidelity. Only. +1. Sharks are in the water.... Invest the time and learn how to manage this money not only for near term items (home/car) but future retirement. Pls don't this the wrong way but I wonder if the $ would be a distraction fo...
by Olemiss540
Tue Sep 11, 2018 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Mr.No - another should I pay off my mortgage, post
Replies: 31
Views: 2698

Re: Mr.No - another should I pay off my mortgage, post

I am going to be MR NO as that's a NO from me.

You are killing it, and can consider splitting extra taxable cash between investments and mortgage pay down. That's a great mortgage rate to tax a big tax hit to pay off IMO.
by Olemiss540
Sun Sep 09, 2018 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: I think my father has a gambling problem
Replies: 78
Views: 6872

Re: I think my father has a gambling problem

If he's mentally sharp, he should learn how to WIN. It's not that hard to have an edge over casinos. You need some specialized knowledge and lots of discipline. Start here: https://www.amazon.com/Advanced-Advantage-Play-Safeguarding-Promotions/dp/1883423392/ref=sr_1_1?ie=UTF8&qid=1536520006&sr=8-1&...
by Olemiss540
Fri Sep 07, 2018 11:14 am
Forum: Personal Consumer Issues
Topic: Large Family Trip - Florida or Carribean
Replies: 24
Views: 1780

Re: Large Family Trip - Florida or Carribean

I have been going to the Sanibel/Captiva area for decades in the winter time and personally would not hesitate the book a family vacation that time of year. We have kids and adults alike swimming/beaching it all the time. We usually VRBO condos on South seas, but that would require you to split up y...
by Olemiss540
Wed Sep 05, 2018 10:07 pm
Forum: Investing - Help with Personal Investments
Topic: DIY: Three versus One! Are the Advantages Worth it?
Replies: 47
Views: 3873

Re: DIY: Three versus One! Are the Advantages Worth it?

Target date fund for me atleast until/if I ever wratchet up the taxable investing. I find the ability to just shovel money into a pool simple and automatic. It also keeps me from constant internal banter regarding allocations and prevents tinkering. To each the own but I enjoy my extra 15 min of sle...
by Olemiss540
Wed Sep 05, 2018 7:15 pm
Forum: Personal Consumer Issues
Topic: Daily Driver (Car) Over 100K Miles?
Replies: 96
Views: 7156

Re: Daily Driver (Car) Over 100K Miles?

2005 Silverado with 197k. I do all of my own maintenance which really stretches the buck and allows me to keep a vehicle to its full potential. I have no plans of getting rid of this beast. I just did a ton of work on it and it's running better than ever. I need a new O2 sensor and / or catalytic c...