Search found 419 matches

by ThePrince
Tue May 05, 2020 10:56 am
Forum: Personal Investments
Topic: When to put 5k into the market
Replies: 27
Views: 1990

Re: When to put 5k into the market

willthrill81 wrote:
Tue May 05, 2020 10:49 am
"The best time to plant a tree was 20 years ago. The next best time is today."
- Chinese proverb
+1
by ThePrince
Thu Apr 23, 2020 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC for emergency
Replies: 26
Views: 1500

Re: HELOC for emergency

I go against the normal advice here and say that a HELOC is not an emergency fund. You can not borrow your way out of trouble - the money has to be paid back and you are just hoping that you come out all rosy on the other side. A healthy emergency fund in safe assets is sufficient. A HELOC is not a...
by ThePrince
Thu Apr 09, 2020 10:54 pm
Forum: Personal Investments
Topic: Boglehead has strayed. How to get back in the market?
Replies: 51
Views: 5843

Re: Boglehead has strayed. How to get back in the market?

White Coat Investor wrote:
Thu Apr 09, 2020 10:45 pm
Easier to stay the course than deal with this dilemma.
Bingo. What a mess.
by ThePrince
Sun Apr 05, 2020 10:44 pm
Forum: Investing - Theory, News & General
Topic: What percentage of your paycheck do you invest?
Replies: 268
Views: 16333

Re: What percentage of your paycheck do you invest?

Triple digit golfer wrote:
Sun Apr 05, 2020 7:58 pm
Keep in mind, OP, that people with lower savings rates are less likely to respond.

15% is very respectable. Well above average.
+1
by ThePrince
Sun Mar 29, 2020 7:55 pm
Forum: Investing - Theory, News & General
Topic: Mortgage - Keep balance as High as Possible
Replies: 162
Views: 11487

Re: Mortgage - Keep balance as High as Possible

sergeant wrote:
Sat Mar 28, 2020 8:27 pm
My dad was a trust fund baby and worked a lucrative job. He always said it is best to have as much debt as possible cause then everyone you owe is pulling for you to succeed. This reminds me of him. He died destitute.
Wow. Very poignant story. Thank you for sharing.
by ThePrince
Sun Mar 29, 2020 7:45 pm
Forum: Investing - Theory, News & General
Topic: Mortgage - Keep balance as High as Possible
Replies: 162
Views: 11487

Re: Mortgage - Keep balance as High as Possible

Thru all this craziness got me thinking about my mortgage. The thought it to always keep the mortgage owed as close to the value of the home as long as interest rates are low. My rational is that if you have a ton of equity and heaven forbid something happens where you can't make payments, the bank...
by ThePrince
Sun Mar 22, 2020 7:56 pm
Forum: Personal Investments
Topic: Selling 100% stocks on a bounce
Replies: 207
Views: 17098

Re: Selling 100% stocks on a bounce

nps wrote:
Sun Mar 22, 2020 7:39 pm
mathguy3021 wrote:
Sun Mar 22, 2020 7:32 pm
Investors who are short sighted will say that it's too late to sell because of the recent crash. The reality is that in my case, it's equivalent to moving to a much safer allocation after gains in 2016.
Investors who are short sighted also rationalize their panic selling in down markets.
+1
by ThePrince
Sun Mar 22, 2020 10:39 am
Forum: Investing - Theory, News & General
Topic: Why do people keep saying you have to be right twice?
Replies: 213
Views: 7604

Re: Why do people keep saying you have to be right twice?

drk wrote:
Sat Mar 21, 2020 2:45 pm
For a triviality, we sure have seen a lot of threads from people who got out in 2009 and never felt comfortable getting back in. The problem with being a reactionary bear is that being right once only reinforces their preconceived notions.
+1
by ThePrince
Mon Mar 16, 2020 11:00 pm
Forum: Investing - Theory, News & General
Topic: Deploying your emergency fund to buy stocks? Think again.
Replies: 183
Views: 29396

Re: Deploying your emergency fund to buy stocks? Think again.

If I am not able to cover a year's worth of expenses from my stock portfolio, that means equities have dropped over 90% from their peak. If that happens, we will likely be in a doomsday scenario where even cash has lost its value. If stocks drop by 50% and you need to sell to cover some emergency e...
by ThePrince
Mon Mar 16, 2020 5:07 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Reacts to Stock Market Crash
Replies: 93
Views: 15092

Re: Dave Ramsey Reacts to Stock Market Crash

Do people even watch the linked videos before commenting? Or does the name Ramsey just send people into a tizzy? What he said was basically pure Boglehead material with just a little more fire. Also he said oil was down 33%...... not the stock market. Think he mentioned Southwest airlines down 30% ...
by ThePrince
Sun Mar 08, 2020 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Colleague is Day Trading
Replies: 43
Views: 4221

Re: Colleague is Day Trading

All good points above about it being none of my business. It is all he talks about lately. I'll tune it out! Thanks, all! If he's telling you what he's doing, it's only fair you can tell him what you're doing. Don't try to convince, as that could make him defensive. Maybe you can give him some food...
by ThePrince
Sun Mar 01, 2020 10:36 am
Forum: Investing - Theory, News & General
Topic: Where My 100% Equities Peeps At?!?
Replies: 211
Views: 20897

Re: Where My 100% Equities Peeps At?!?

cchrissyy wrote:
Sat Feb 29, 2020 11:03 pm
90/10, staying the course
Same here.
by ThePrince
Mon Jan 20, 2020 12:54 am
Forum: Personal Finance (Not Investing)
Topic: Shouldering the burden of my in-laws’ lifestyle
Replies: 48
Views: 4750

Re: Shouldering the burden of my in-laws’ lifestyle

TheDDC wrote:
Sun Jan 19, 2020 11:02 pm
Having a spare 2-3k to spend in that fashion seems like you are “giving a drunk a drink” as Dave Ramsey says.

I would instead give them a time limit on the help and then cut off. You should keep your financial life separate from family, especially in this scenario.

-TheDDC
+1
by ThePrince
Sun Jan 05, 2020 3:51 am
Forum: Personal Investments
Topic: Emergency Fund vs Line of Credit
Replies: 20
Views: 1860

Re: Emergency Fund vs Line of Credit

Bama12 wrote:
Sun Jan 05, 2020 1:41 am
I will never understand going in debt as a way of helping a emergency.
+++1
by ThePrince
Wed Jan 01, 2020 11:39 pm
Forum: Investing - Theory, News & General
Topic: Is total world bond safer than US treasuries?
Replies: 140
Views: 7901

Re: Is total world bond safer than US treasuries?

Seems exactly the same as for international equities. Yet, there seems to be a much greater consensus for the "value" of adding international equities to a portfolio of domestic equities, than for adding international bonds. I don't understand fully the reason for this dichotomy. Indeed, for US inv...
by ThePrince
Sun Dec 22, 2019 11:37 pm
Forum: Personal Investments
Topic: Emergency fund as part of asset allocation?
Replies: 45
Views: 3050

Re: Emergency fund as part of asset allocation?

I have a 75% stock / 25% bonds/fixed income allocation. Does my emergency fund count as part of the bonds/fixed income allocation? In my view, no. The purpose of having an emergency fund is so that you have cash on hand and not have to sell any of your investments in a down market to handle an unfo...
by ThePrince
Thu Dec 12, 2019 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Opening a HELOC. Wise or not?
Replies: 19
Views: 1309

Re: Opening a HELOC. Wise or not?

bloom2708 wrote:
Thu Dec 12, 2019 11:07 am
I would pass.

Let's say you have a true emergency. Both lose their jobs on the same day. Do you want to borrow on a HELOC at that point?

Not worth the hassle to me.
+1

Let’s not compound our risk and misery by borrowing in/through an emergency.
by ThePrince
Wed Dec 04, 2019 1:02 am
Forum: Personal Consumer Issues
Topic: Unpaid speeding ticket from 40 years ago.
Replies: 93
Views: 7841

Re: Unpaid speeding ticket from 40 years ago.

oldfatguy wrote:
Tue Dec 03, 2019 1:12 pm
If you do get pulled over, tell the police you were on your way to turn yourself in.
LMAO.
by ThePrince
Fri Nov 29, 2019 1:27 am
Forum: Investing - Theory, News & General
Topic: To tilt or not to tilt, for amateurs?
Replies: 26
Views: 1579

Re: To tilt or not to tilt, for amateurs?

This forum is replete with posters who are “giving up” on their strategy: small cap, international, value, momentum, whatever... You can find a one or two of those posts every week. The most common - in fact almost universal - reason? You guessed it, underperformance . For 2 years or 5 years or wha...
by ThePrince
Sat Nov 16, 2019 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Engineering an exit and preparing financially
Replies: 14
Views: 3493

Re: Engineering an exit and preparing financially

MotoTrojan wrote:
Sat Nov 16, 2019 2:57 pm
sd323232 wrote:
Sat Nov 16, 2019 2:55 pm
i think you are being too hard on yourself, you have 1.2 mil networth. Take the safe job even with a paycut. You may not think so yet, but you have won the game. Why overthink?
This.
+1
by ThePrince
Mon Nov 11, 2019 10:06 pm
Forum: Personal Investments
Topic: Investing $140k in cash at 1k per week
Replies: 174
Views: 13220

Re: Investing $140k in cash at 1k per week

mike152 wrote:
Mon Nov 11, 2019 2:48 pm
Question: If you had 140k already invested today, would you withdraw all of it in cash now, and slowly reinvest? Or, just leave it?
This.
by ThePrince
Tue Oct 29, 2019 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Uber VISA rewards cut
Replies: 77
Views: 12839

Re: Uber VISA rewards cut

Thanks for sharing. Reducing the dining rewards, eliminating the subscription benefit and eliminating cash back are significant negative changes. This card just dropped off my “must have” list even if it retains the cell phone insurance. Agreed. I’ll likely call and cancel the card. It was great wh...
by ThePrince
Wed Oct 23, 2019 10:28 pm
Forum: Personal Investments
Topic: 11 Reasons to Carry a Big, Long Mortgage by Ric Edelman.
Replies: 93
Views: 11789

Re: 11 Reasons to Carry a Big, Long Mortgage by Ric Edelman.

banjo wrote:
Wed Oct 23, 2019 9:26 pm
Investing borrowed money. Investing on margin. The leverage works great when the market goes up. The leverage also works, but in a bad way, when the market goes down.
+1
by ThePrince
Sat Sep 21, 2019 6:11 pm
Forum: Personal Investments
Topic: cash-out refi, investment interest expense
Replies: 5
Views: 590

Re: cash-out refi, investment interest expense

Hi, Let us say one refinances the home mortgage. Assume MFJ. The mortgage balance at the time of refinance is X dollars (< 500k). The Cash-out amount is Y dollars (< 500k). Some part of Y, let us say Z dollars, are used to buy the Vanguard Total Stock Market Index ETF. My understanding is that only...
by ThePrince
Sat Aug 17, 2019 8:37 am
Forum: Personal Finance (Not Investing)
Topic: I really do not like using credit cards. Do any of you have a good credit score with no credit cards?
Replies: 247
Views: 7908

Re: Does anyone here have no credit cards? How is that working out for you? Do you have any trouble without them?

With no intended slight to the OP, I have to say this is an example of the really, really, really bad influence that Dave Ramsey has. In an effort to tell people that being in debt is bad, he has managed to convince people that simply having a credit card is bad. Good grief. If you use a credit car...
by ThePrince
Fri Aug 16, 2019 9:21 pm
Forum: Investing - Theory, News & General
Topic: When should I invest on Vanguard margin?
Replies: 24
Views: 3157

Re: When should I invest on Vanguard margin?

oldcomputerguy wrote:
Fri Aug 16, 2019 5:00 am
There are some members here who do invest on margin. Speaking strictly for myself, I think it's a very, very bad idea. Margin calls are one of the factors that contributed to the extreme severity of the 1929 market crash and the ensuing Great Depression. I don't recommend it.
Bingo!
by ThePrince
Sat Aug 03, 2019 4:32 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 1111
Views: 110248

Re: Jack Bogle - Two Fund Portfolio

lostdog wrote:
Sat Aug 03, 2019 2:32 pm
VT+BNDW and chill. Works for me...

:sharebeer
Ditto.
by ThePrince
Sat Aug 03, 2019 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Dept Outsourced - Job Worries - Need your Advises
Replies: 69
Views: 7915

Re: Dept Outsourced - Job Worries - Need your Advises

Well, this doesn’t help you much, but just information for those to come after you - a home remodel doesn’t count as an emergency. Don’t use your EF for things like this. You have a year. stop your retirement contributions, build up as much cash as possible, and start looking for a new job. Most pe...
by ThePrince
Fri Aug 02, 2019 7:52 am
Forum: Personal Investments
Topic: Questioning our portfolio
Replies: 75
Views: 4743

Re: You helped us - 2 month update

Awesome work! Keep it up!
by ThePrince
Sat Jul 27, 2019 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Cash out refinance - interest free money
Replies: 16
Views: 1561

Re: Cash out refinance - interest free money

Paying points can be a good idea, but cash out refinancing not so much. This article discusses points and break even periods. https://www.nerdwallet.com/blog/mortgages/should-i-buy-points-mortgage-calculator/ I don’t understand what the 12k cash out is for. I think you missed the point. Here is the...
by ThePrince
Sat May 25, 2019 7:43 pm
Forum: Non-US Investing
Topic: Vanguard Austalia launches global multifactor fund/etf
Replies: 6
Views: 1005

Re: Vanguard Austalia launches global multifactor fund/etf

I’m waiting on the U.S. listed version of a Vanguard global multi-factor fund. If not that, then at least an international one.
by ThePrince
Sat May 25, 2019 7:39 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 188
Views: 21930

Re: Around 43K in dividends last year - feel good about it ?

You should feel terrible about the $14K in taxable dividends. Terrible? Seriously? Sometimes I think some people on this forum live in an alternate universe. You should feel proud. That is an excellent accomplishment. Your total dividends is more than my annual salary. Keep up the good work. Exactl...
by ThePrince
Sun May 12, 2019 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Move out or stay at my parents?
Replies: 70
Views: 5342

Re: Move out or stay at my parents?

samsoes wrote:
Sun May 12, 2019 3:23 pm
Move out. You're almost 28. Time to leave the nest.
+1
by ThePrince
Sat May 11, 2019 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Continue working for benefit of adult children or retiring earlier?
Replies: 87
Views: 7064

Re: Continue working for benefit of adult children or retiring earlier?

furnace wrote:
Fri May 10, 2019 4:24 pm
DonIce wrote:
Fri May 10, 2019 4:18 pm
At some point the bird has to leave the nest and fly on its own wings.
The sooner, the better for all involved.
+1
by ThePrince
Sun Mar 31, 2019 7:57 am
Forum: Personal Investments
Topic: Monthly pension or rollover?
Replies: 8
Views: 1121

Re: Monthly pension or rollover?

Roll it.
by ThePrince
Sun Mar 24, 2019 12:45 pm
Forum: Investing - Theory, News & General
Topic: The $4,026,858.95 Car or a Worry-Free Retirement?
Replies: 245
Views: 14055

Re: The easiest way I know to save money for retirement is to own an inexpensive automobile.

In another thread Taylor said "The easiest way I know to save money for retirement is to own an inexpensive automobile." I disagree with this advice. The easiest way to save for retirement is automatic payroll deductions. Once you are saving enough, it really does not matter how you spend the rest ...
by ThePrince
Sun Mar 03, 2019 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: How To Buy Another Home Before Selling Your First?
Replies: 19
Views: 2305

Re: How To Buy Another Home Before Selling Your First?

montanagirl wrote:
Sun Mar 03, 2019 7:05 pm
Smart people I know get the old place sold, rent another place for a year or so keep unneeded items in storage. .
Precisely.
by ThePrince
Mon Feb 18, 2019 10:32 pm
Forum: Personal Investments
Topic: strategy to re-enter the market
Replies: 47
Views: 4707

Re: strategy to re-enter the market

gram wrote:
Mon Feb 18, 2019 6:01 pm
For those exited the market 5+ years ago for whatever reason, what is the recommended portfolio to re-enter the current crazy market for both retirement and non-retirement accounts. Assuming 10+ years away from retirement.
Was the market ‘crazy’ 5+ years ago when you exited?
by ThePrince
Fri Feb 01, 2019 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you need to live on 200k/ year forever?
Replies: 90
Views: 12946

Re: How much do you need to live on 200k/ year forever?

jebmke wrote:
Fri Feb 01, 2019 6:36 pm
How long is forever? Doesn't the body crap out at some point?
LOL.
by ThePrince
Mon Jan 21, 2019 9:54 pm
Forum: Investing - Theory, News & General
Topic: One Fund to Rule Them All
Replies: 52
Views: 5683

Re: One Fund to Rule Them All

I've been discussing investing with my 24-year old daughter. As we've discussed various funds and investing theory, she asked why it wouldn't be appropriate to simply invest her Roth IRA in the Vanguard Total World Fund for the next 40 years, and slowly transfer money to Total Bond as she gets olde...
by ThePrince
Sun Jan 13, 2019 12:41 pm
Forum: Personal Investments
Topic: I know market timing is a fool's game but...
Replies: 59
Views: 5114

Re: I know market timing is a fool's game but...

We're now in the 150th month without a recession. The record set in the 90's was 120 months. December was the worst month for equities since the Great Depression. Sounds like the Fed is worried enough to pause interest rate hikes. I tell people they shouldn't worry about timing but it's hard not to...
by ThePrince
Sat Jan 05, 2019 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 271
Views: 25443

Re: $40,000 in debt, bankruptcy seems to be the best option right now

DanMahowny wrote:
Sat Jan 05, 2019 4:38 pm
Bankruptcy isn't the answer here.

You are trying to plug a hole in a boat with more water.

Sorry man.

+1
by ThePrince
Wed Jan 02, 2019 12:38 pm
Forum: Personal Investments
Topic: VTI ITOT or SCHB ETF?
Replies: 12
Views: 3268

Re: VTI ITOT or SCHB ETF?

Go with VTI, it actually owns more of the underlying stocks in the index than ITOT or SCHB.
by ThePrince
Thu Dec 27, 2018 9:11 pm
Forum: Investing - Theory, News & General
Topic: Anyone do global capitalization weight portfolio....of bonds?
Replies: 32
Views: 2059

Re: Anyone do global capitalization weight portfolio....of bonds?

BNDW does not have global capitalization weight for bond. BNDW is about 50/50 US/International. International bond is the largest asset class, larger than 50/50. This is just what Vanguard felt about investor tolerance limit on international bond investment. This isn’t true. BNDW comprises ~53% BND...
by ThePrince
Wed Dec 26, 2018 11:09 pm
Forum: Investing - Theory, News & General
Topic: Why call them "losses" when you still own the shares?
Replies: 103
Views: 5387

Re: Why call them "losses" when you still own the shares?

AZAttorney11 wrote:
Wed Dec 26, 2018 10:03 am
Yes, it’s absolurely a loss. An unrealized loss, but a loss nevertheless. To say otherwise is some sort of coping mechanism that a behavioral finance expert would have to explain.
+1
by ThePrince
Tue Dec 25, 2018 10:01 pm
Forum: Investing - Theory, News & General
Topic: Berkshire Tempting
Replies: 64
Views: 9524

Re: Berkshire Tempting

Berkshire hasn't been tempting to me because of: 1. Substantial key man risk. This is the #1 reason I don't invest with him. 2. Unknown successor followed by period of potential mediocrity followed by breakup. The successor hasn't emerged since Buffett likes the public attention. This makes me thin...
by ThePrince
Mon Dec 24, 2018 10:57 pm
Forum: Personal Investments
Topic: Anyone rebalancing?
Replies: 34
Views: 2635

Re: Anyone rebalancing?

Given that market is almost 20% down, I wonder how many have rebalanced their portfolio? I am thinking about it, but it is hard knowing that market may very well fall another 20% down from here. And this is why I have a significant amount of my money with Betterment—I can’t talk myself out of rebal...
by ThePrince
Sun Dec 23, 2018 2:30 pm
Forum: Investing - Theory, News & General
Topic: Vanguard says international will beat US stocks in next decade
Replies: 155
Views: 16757

Re: Vanguard says international will beat US stocks in next decade

https://www.cnbc.com/2018/11/27/international-stocks-will-beat-us-stocks-over-next-decade-vanguard.html Should one overweight their portfolio toward international? One should invest in VTWSX (Total Wold Stock Index) unless they are feeling lucky. In less than a month that fund will have Admiral sha...
by ThePrince
Fri Dec 21, 2018 9:15 pm
Forum: Investing - Theory, News & General
Topic: "Guess What? It May Actually Be Different This Time" Morningstar
Replies: 8
Views: 2252

Re: "Guess What? It May Actually Be Different This Time" Morningstar

Our equity ETF is (VT) down 19.67% from PEAK to today and down 12.45% YTD. I'm wondering if I should tilt our equities so we DOUBLE the percentage of EM? As EM is down 25.57% from PEAK to today and down 15.00% YTD. I am not changing a thing. I also use VT as a core...and the only equity ETF. P.S: I...