Search found 334 matches

by ThePrince
Tue Sep 18, 2018 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly parents are in debt - Need advice
Replies: 39
Views: 4450

Re: Elderly parents are in debt - Need advice

mptfan wrote:
Tue Sep 18, 2018 9:11 pm
Did your parents ask for your advice?
If he and/or his siblings will be the ones picking up the pieces and expense of his/their parent’s wreckless behavior and bad choices, he nor his siblings have to wait until asked before providing spot on advice.
by ThePrince
Mon Sep 17, 2018 10:40 pm
Forum: Investing - Theory, News & General
Topic: Equity in house / Do you use it?
Replies: 56
Views: 3238

Re: Equity in house / Do you use it?

JaneyLH wrote:
Mon Sep 17, 2018 10:31 pm
No. No. No.
+1
by ThePrince
Sat Sep 15, 2018 11:21 am
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 139
Views: 9489

Re: Age in Bonds - Still Recommended?

I want to retire early, so I won’t be following the age in bonds concept.
by ThePrince
Sun Sep 09, 2018 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else playing catch-up in their 40's?
Replies: 68
Views: 7100

Re: Anyone else playing catch-up in their 40's?

Yes, here are steps we've taken (to maximize saving): Get rid of Amazon prime. Too easy to spend money on crap you don't need. Get rid of cable. Use only a work mobile phone (if provided). Get rid of land line phone. Stop eating out. Learn to cook. If you eat out, find a reasonable place to eat out...
by ThePrince
Thu Sep 06, 2018 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: To Be or Not to Be...Married
Replies: 135
Views: 4577

Re: To Be or Not to Be...Married

Marriage is not a financial decision. I disagree! It is ALL about fiance, taxes, inheritance, estate. If it is only about love then one can commit to exclusive relationship, monogamy, without any ceremony, church, or religion. So does it follow that you would pick whom you marry (if at all) based o...
by ThePrince
Mon Sep 03, 2018 9:56 pm
Forum: Investing - Theory, News & General
Topic: ESPP as emergency fund
Replies: 7
Views: 661

Re: ESPP as emergency fund

I think during the first 12 months, which will be 4 purchasing periods, I will let the stock accumulate, and then decide how to proceed going forward. As I mentioned initially, the amount will be a small percentage of my overall investments, so the risk is minimal. It's not as though I'm betting th...
by ThePrince
Sat Sep 01, 2018 7:34 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones advising roll over 401K to their IRA
Replies: 44
Views: 3663

Re: Edward Jones advising roll over 401K to their IRA

I am not an educated investor by any means. My gut instinct tells me to veer away from my Edward Jones advisor. He is my advisor because that is who my employer uses to manage the Simple IRA (Guided Solutions Fund Account)that they use as a retirement vehicle. I invest an equal amount in the Simple...
by ThePrince
Sat Sep 01, 2018 3:00 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1044
Views: 80362

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

So now one of the arguments for international is that the US dollar might collapse, while the rest of the world hums along....surely no one actually believes that. Folks are working hard to find some reason to hold ex-US... The normal Boglehead argument that it does well if you keep it for the long...
by ThePrince
Sat Sep 01, 2018 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: So who's rebalancing stocks to bonds right now?
Replies: 38
Views: 4555

Re: So who's rebalancing stocks to bonds right now?

livesoft wrote:
Sat Sep 01, 2018 11:47 am
If one was disciplined, wouldn't one really be rebalancing from US stocks to International stocks right now?
+1. One of the reasons I use Betterment and Blooom. No behavioral/emotional traps for me.
by ThePrince
Sat Sep 01, 2018 1:35 pm
Forum: Personal Consumer Issues
Topic: The twenty dollar rule
Replies: 44
Views: 3835

Re: The twenty dollar rule

To substitute for a budget I asked my wife to tell me before every time she spent more than $20 on groceries or things she needed for work. These are the purchases she deferred or skipped this month because of the rule: Aladdin pin, sandals, lots of clothes, necklaces for our elementary school daug...
by ThePrince
Sat Sep 01, 2018 11:36 am
Forum: Investing - Theory, News & General
Topic: Rebalancing Frequency? Daily vs annually?
Replies: 34
Views: 2299

Re: Rebalancing Frequency? Daily vs annually?

I think, perhaps, behavioral studies might be more important, if any exist? I know it was very difficult to actually execute a rebalancing strategy in 2008-09. With target retirement fund this is taken out of your hands, so you know it will actually be implemented. So assuming you definitely want t...
by ThePrince
Fri Aug 31, 2018 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency fund size
Replies: 72
Views: 6335

Re: Emergency fund size

Roth IRA contributions can be withdrawn without penalty or tax (you already paid them) , this makes the ROTH perfect for funding retirement, but also providing for a 2nd or 3rd tier of your emergency fund. Normally, you do not want to touch this money, but if you have to put food on the table, it i...
by ThePrince
Wed Aug 29, 2018 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: 0% card to another 0%?
Replies: 21
Views: 1334

Re: 0% card to another 0%?

Last year we bought a house and used a 0% card to fund house purchases such as furniture etc. Theres $10k left on the card that 0% runs out in Oct. We've had the cash for a while to pay it off but keeping that in a money market earning 1.85% Plan was to pay it off next month but we just got a card ...
by ThePrince
Wed Aug 29, 2018 11:09 pm
Forum: Investing - Theory, News & General
Topic: "6 Reasons The Rich Should Pay-Off Their Mortgage"
Replies: 192
Views: 34904

Re: "6 Reasons The Rich Should Pay-Off Their Mortgage"

Bogleheads: Boglehead Jim Dahle has written a very helpful article for wealthy Bogleheads with extra cash who cannot decide whether to pay-off their mortgage or invest in stocks & bonds: 6 Reasons The Rich Should Pay-Off Their Mortgage Thank you, Jim Best wishes. Taylor " When you are very poor, a ...
by ThePrince
Sun Aug 26, 2018 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Payoff?
Replies: 27
Views: 2593

Re: Mortgage Payoff?

Thanks for the replies so far. To answer a few questions: The ARM can be paid off in full at any time. In the Fall of 2022 the rate will change from 3% to a maximum of 5%, and can change annually thereafter limited to 2% changes in rate. I will have long term capital gains in my brokerage account i...
by ThePrince
Sat Aug 25, 2018 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: rebalance when you have stock that hasn't vested?
Replies: 4
Views: 279

Re: rebalance when you have stock that hasn't vested?

ThriftyPhD wrote:
Sat Aug 25, 2018 7:23 pm
In my opinion, until it vests it's not yours. So I wouldn't consider it part of your asset allocation.
+1
by ThePrince
Sat Aug 25, 2018 5:33 pm
Forum: Investing - Help with Personal Investments
Topic: Home equity and timing of house purchase
Replies: 17
Views: 2475

Re: Too much home equity?

This seems like one of those things where knowing you have "a lot of home equity" can cause aberrant and irrational behavior. Just for fun I'll side with your spouse on the 900k house. That's just a 5-6% difference in house value from the one you are currently in. Would you do a cash out refinance ...
by ThePrince
Sat Aug 25, 2018 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: Move some over to Fidelity ZERO ?
Replies: 23
Views: 1783

Re: Move some over to Fidelity ZERO ?

Hello all, Was just debating whether to move the Vanguard Total International portion of my 403B (about 80k) over to a rollover IRA in the new Fidelity Zero international. I don’t think I’d mind losing the small caps, but of course it’s the expense ratio that catches my attention (.11 to 0). I’m fi...
by ThePrince
Tue Aug 21, 2018 12:17 am
Forum: Investing - Help with Personal Investments
Topic: What to do with a pile of cash?
Replies: 16
Views: 2069

Re: What to do with a pile of cash?

I know Dave Ramsey isn't the most well-liked person around this forum, but I like his approach to this predicament: Pretend you had a paid-for house. Would you borrow $145k from it to invest? What you're dealing with is basically the same situation in reverse. Provided your financial house is in or...
by ThePrince
Sun Aug 19, 2018 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 162
Views: 10590

Re: Take auto loan 0.9% if I can afford cash?

If you owned the car debt free today, would you borrow against it and invest? If I could get 0.9%, sure. That's usually not available on a refi. I took out a home loan on a paid-off house to invest, why would a car be different? You would be singing a different tune if the market had of went south ...
by ThePrince
Sun Aug 19, 2018 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 162
Views: 10590

Re: Take auto loan 0.9% if I can afford cash?

indexfund56 wrote:
Wed Aug 15, 2018 12:44 pm
If you have the cash, buy the car outright. And if you don't have the cash, then don't buy the car. My rule of thumb is pretty simple: Besides my house, I don't have debt of any kind.
Amen and Shalom.
by ThePrince
Sun Aug 19, 2018 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Mortgage Tradeoffs - What Would you do?
Replies: 16
Views: 943

Re: Mortgage Tradeoffs - What Would you do?

Pay off the mortgage. If you don’t like how you feel afterwards, you can get a new mortgage.
by ThePrince
Sat Aug 18, 2018 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Savings rate per month???
Replies: 68
Views: 6141

Re: Savings rate per month???

This. Never understood why people include an employer’s 401(k) match. The match is gravy; it wasn’t taken out of your paycheck. Because it feels disingenuous to provide a savings rate where you have (gross+employers contribution)/(gross) Yes you can’t go spend it (easily, you can always cash out yo...
by ThePrince
Sat Aug 18, 2018 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Savings rate per month???
Replies: 68
Views: 6141

Re: Savings rate per month???

Question: For those including the employer match, are you including it in both the numerator and denominator? Yes, of course I don't. My logic is that the match isn't money I could just go out and spend on things if I wanted, just something extra that gets added to retirement accounts. I view it as...
by ThePrince
Fri Aug 17, 2018 10:33 pm
Forum: Investing - Help with Personal Investments
Topic: left advisor, overwhelmed
Replies: 8
Views: 1648

Re: left advisor, overwhelmed

Way too much cash in your AA.
by ThePrince
Wed Aug 15, 2018 9:46 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1044
Views: 80362

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Australian stocks have dramatically outperformed US stocks over the period from 1900 to present. That's much longer term than a mere 30 years! Since including US stocks would have dragged down returns compared to an all-Australia portfolio, why are we still considering investing in the US when the ...
by ThePrince
Wed Aug 15, 2018 8:12 pm
Forum: Investing - Theory, News & General
Topic: Very confused with the current market
Replies: 112
Views: 12914

Re: Very confused with the current market

JoMoney wrote:
Mon Jun 18, 2018 12:03 am
You missed the 11% correction between 01/27/2018 and 02/08/2018

and 12.5% between 11/06/2015 and 02/11/2016
capcase wrote:
Sun Jun 17, 2018 2:34 pm
...
Please don't tell me I should not time the market. ...
Hopefully others can learn what not to do from your example.
+1
by ThePrince
Mon Aug 13, 2018 1:56 pm
Forum: Personal Consumer Issues
Topic: Should I Do This? [borrow from relative to pay off loan]
Replies: 55
Views: 3084

Re: Should I Do This? [borrow from relative to pay off loan]

I am convinced that people who say "sell the car" and buy a clunker for a few thousand dollars have never spent time sitting in a repair shop. If you have lots of time, great; otherwise don't do it, not worth it. Personally, I would not borrow from a family member, but rather see if I could pick up...
by ThePrince
Mon Aug 13, 2018 1:23 am
Forum: Personal Consumer Issues
Topic: Can I buy a Tesla?
Replies: 108
Views: 8110

Re: Can I buy a Tesla?

I really cannot believe some of these replies, considering the average American household will easily drop 30k with a 50k household income. :happy The average American household is broke, in debt up to their eyeballs in consumer and student loans, living pay check to pay check and not saving for re...
by ThePrince
Sun Aug 12, 2018 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: how much car can we afford?
Replies: 130
Views: 6470

Re: how much car can we afford?

mid 30s 300k total comp net worth ~ 1.1M assets in taxable accounts: ~ 650k Wrong question -- at least in this forum. over The question ought to be ==> "What is the least car I can live with"? +100. A car is a liability, not an asset, hence the cheaper the better. There is a reason the IRS deducts ...
by ThePrince
Sun Aug 12, 2018 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: 401K loan vs taxable vs Roth IRA
Replies: 10
Views: 578

Re: 401K loan vs taxable vs Roth IRA

Hi. We are planning to buy a house in next 6 months. Downpayment money is in cash. In case we need to come up with extra cash, which one will be a better option: 1. Taxable account- will be paying 20% LTC gain tax. 2. Roth IRA- can withdraw contributions but won’t be able to put it back. 3. 401K lo...
by ThePrince
Sat Aug 11, 2018 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Should I pay off last student loan?
Replies: 8
Views: 762

Re: Should I pay off last student loan?

Dear Bogleheads, I have almost paid down more than $400k of student loans. I have $29k left at 2.96 percent. I have just enough extra cash for the first time where I can pay off the rest of the balance. I am already maxing our tax deferred but not much in taxable. The loans have been a HUGE burden ...
by ThePrince
Wed Aug 08, 2018 10:09 pm
Forum: Investing - Help with Personal Investments
Topic: VGSIX any thoughts on adding it
Replies: 11
Views: 1055

Re: VGSIX any thoughts on adding it

Started the 3 fund portfolio...would like to add VGSIX (real estate index). What’s your thoughts on adding VGSIX as the 4th fund? The yield is more than VTSAX. Vanguard Real Estate Index Fund Investor Shares (VGSIX) has a relatively low correlation to the total stock market, about 46 where 100 repr...
by ThePrince
Wed Aug 08, 2018 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 504
Views: 111165

Re: Anyone regret paying off mortgage early?

No, we've never regretted paying off our mortgage early. Housing security is worth a lot. Did you calculate how much eliminating leverage cost you? Is it worth more than that? What good would it do to analyze whether a decision that's already been made was optimal? That can't be undone. We can only...
by ThePrince
Wed Aug 08, 2018 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 504
Views: 111165

Re: Anyone regret paying off mortgage early?

If one won’t secure a new mortgage today and invest the proceeds in the stock market, I struggle to be convinced that one truly regretted paying off the mortgage. Perhaps, ppl have a different meaning to "regret". Personally, even if I made the right decision back then, I can still regret it later....
by ThePrince
Tue Aug 07, 2018 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 504
Views: 111165

Re: Anyone regret paying off mortgage early?

This thread started in 2012. I wonder if anybody who responded back then now regrets having put all that money into their home equity instead of having that several hundred thousand dollars invested into the stock market at the beginning of a multi year bull run? The returns in the market have grea...
by ThePrince
Mon Aug 06, 2018 10:00 pm
Forum: Investing - Help with Personal Investments
Topic: Nervous about not using a personal wealth manager. How do I do this myself?
Replies: 135
Views: 6717

Re: Planning to invest in these funds -- any issues?

I would pay off the student loan debt before investing a dime.
by ThePrince
Sun Aug 05, 2018 2:33 pm
Forum: Investing - Theory, News & General
Topic: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]
Replies: 134
Views: 12403

Re: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]

Certainly every case is individual, but i can definitely see circumstances where you should bypass 401-K matches to manage excess consumer debt. One can best learn when they understand statements within their context, and suppress their underlying biases to learn both what to do and what not to do....
by ThePrince
Sun Aug 05, 2018 2:26 pm
Forum: Investing - Theory, News & General
Topic: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]
Replies: 134
Views: 12403

Re: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]

Where the trap is, if student takes a loan for years 1-2 and then does not complete school but is now saddled with $60K in student loans. I have a family member who took six or seven years to get a B.S. in an area with limited usefulness. This person now works for the USPS and is saddled with $30k ...
by ThePrince
Sat Aug 04, 2018 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Comfort level with Credit Card Balance
Replies: 86
Views: 5732

Re: Comfort level with Credit Card Balance

Nissanzx1 wrote:
Fri Aug 03, 2018 10:51 pm
Credit cards, car loans, and whole life insurance are all middle class traps. Meaning you will stay firmly in the middle class if you fool with them. If that's cool with you, go for it.

Sounds like your spending might be veering out of control. Are you working a detailed budget?
+1
by ThePrince
Fri Aug 03, 2018 11:07 pm
Forum: Investing - Theory, News & General
Topic: Good biotech funds
Replies: 22
Views: 1739

Re: Good biotech funds

PRHSX and XBI.
by ThePrince
Fri Aug 03, 2018 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Comfort level with Credit Card Balance
Replies: 86
Views: 5732

Re: Comfort level with Credit Card Balance

runner3081 wrote:
Fri Aug 03, 2018 5:29 pm
No comfort with a balance. Paid 100% every month.

If I can't pay for it, I won't buy it.
+1
by ThePrince
Thu Aug 02, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Co - signed a Mortage, Now wants out
Replies: 57
Views: 6181

Re: Co - signed a Mortage, Now wants out

Your options are refinance or sell and pay off loan. This is why you don’t co-sign. Hope they keep paying. +1. Surely all of humanity understands or has heard co-signing on a loan with anyone you’re not married to is usually a poor choice, fraught with financial, personal, and relational risks. Yet...
by ThePrince
Sun Jul 29, 2018 7:44 pm
Forum: Investing - Help with Personal Investments
Topic: 401k loan for car payoff - bond allocation used
Replies: 13
Views: 1151

Re: 401k loan for car payoff - bond allocation used

What are your thoughts on taking bonds from 401k, loan to myself to pay 3% car loan off and paying back into 401k? Wouldn’t this make more sense than using cash? Effectively using the loan to increase my 401k balance? Not a wise move. If you have the cash, pay cash for the car and move on with life.
by ThePrince
Sun Jul 29, 2018 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: Tech Fund - FSCSX- Time to Sell? [Fidelity® Select Software and IT Services]
Replies: 15
Views: 839

Re: Tech Fund - FSCSX- Time to Sell?

Pajamas wrote:
Sun Jul 29, 2018 12:01 pm
I don't see any significant outperformance for that fund vs an S&P500 index fund over the long run. Right now it seems to be a bit ahead, so it seems that it would be a good time to simplify your portfolio.
You’re doing something wrong; that fund, over the long term, has blown the S&P away.
by ThePrince
Sun Jul 15, 2018 10:45 am
Forum: Investing - Help with Personal Investments
Topic: Investing vs Debt
Replies: 12
Views: 738

Re: Investing vs Debt

I wouldn’t start investing until the student loan millstone around your neck is obliterated.
by ThePrince
Fri Jul 13, 2018 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with extra $2500 a month?????
Replies: 36
Views: 3281

Re: What to do with extra $2500 a month?????

Dottie57 wrote:
Fri Jul 13, 2018 11:13 am
goodenyou wrote:
Fri Jul 13, 2018 9:59 am
Payoff the boat ASAP.

+1
The boat loan is ridiculous. Get rid of it ASAP.
by ThePrince
Wed Jul 11, 2018 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency fund checkup
Replies: 19
Views: 1619

Re: Emergency fund checkup

Roth IRAs are for retirement savings, not for parking emergency funds. Emergency funds should be kept outside so you can access them without taxes or penalties. Contributions can be withdrawn at any time, tax and penalty free. For this reason, many bogleheads actually use Roth IRAs as a part of the...
by ThePrince
Tue Jul 10, 2018 8:32 am
Forum: Investing - Help with Personal Investments
Topic: Where do you keep your Emergency Fund?
Replies: 50
Views: 5788

Re: Where do you keep your Emergency Fund?

VSBSX: Vanguard Admiral Short Term Treasury Index Fund. Right now the SEC Yield is 2.48%.
by ThePrince
Sun Jul 08, 2018 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Do you count pension contributions as a portion of your overall retirement contributions.
Replies: 47
Views: 3853

Re: Do you count pension contributions as a portion of your overall retirement contributions.

indexonlyplease wrote:
Fri Jul 06, 2018 9:32 am
No

Why because you don't know what changes may occur in the pension system. So, save and invest as much possible outside of pension. In the end if nothing changes you will have a great pension and a great investment account.

This is what I did.
+1