Search found 289 matches

by ThePrince
Sun Jul 15, 2018 10:45 am
Forum: Investing - Help with Personal Investments
Topic: Investing vs Debt
Replies: 12
Views: 645

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: 3100

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: 1479

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 Contributions can be withdrawn at any time, tax and penalty free.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: 47
Views: 4606

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: 3503

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
by ThePrince
Sat Jul 07, 2018 9:11 am
Forum: Personal Finance (Not Investing)
Topic: 401k loan to pay off debt?
Replies: 37
Views: 1623

Re: 401k loan to pay off debt?

I currently have the following debt (33k): 2k at 11% (cc) 3k at 7% (auto) 16k at 6.5% (student loan) 5k at 2% (auto) 7k at 0%, goes to 14% next year. (CC balance transfer) Realistically I can pay off all debt in 2 years if I really try, or 3 years without making sacrifices. Would it be worth taking...
by ThePrince
Wed Jul 04, 2018 1:36 pm
Forum: Investing - Theory, News & General
Topic: Emerging Market Vanguard “select fund”
Replies: 4
Views: 559

Re: Emerging Market Vanguard “select fund”

Isn’t most all EM down similarly? What is VWO down YTD?
by ThePrince
Sat Jun 30, 2018 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for private tuition
Replies: 14
Views: 1399

Re: Paying for private tuition

We are already saving for our 4 year old's college tuition in a 529 plan Kid is about to enter kindergarten school soon for which we are planning to put him in private school all the way. The estimated cost is roughly estimated at $25K per year. I had seen that you could now pay K-12 with a 529 pla...
by ThePrince
Sat Jun 30, 2018 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: Five Year Portfolio Update
Replies: 7
Views: 1164

Re: Five Year Portfolio Update

19% bond allocation at 28 years old is a lot in my humble opinion.
by ThePrince
Sat Jun 30, 2018 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: [100% stock, uncomfortable with international]
Replies: 65
Views: 5603

Re: [100% stock, uncomfortable with international]

Just curious if you would be advocating for 100% U.S. equities if international gained 20% last 10 years and stocks were flat? My guess is no. That means you are quite susceptible (as most folks are) to past performance wagging the tail of the dog. Considering all your labor income, your pension in...
by ThePrince
Fri Jun 29, 2018 11:02 pm
Forum: Personal Consumer Issues
Topic: Can I buy a Tesla?
Replies: 81
Views: 4664

Re: Can I buy a Tesla?

Have you read today's post on White Coat Investor? https://www.whitecoatinvestor.com/how-to-live-on-350k-in-hawaii/ # 3 Drive Beater(s) or Bike Instead of upgrading the cars, downgrade the cars. I’m amazed what some people think is necessary in order to have a “reliable car.” I’ve had $2K cars that...
by ThePrince
Wed Jun 27, 2018 11:22 pm
Forum: Investing - Help with Personal Investments
Topic: CD rates--what to do?
Replies: 33
Views: 4051

Re: CD rates--what to do?

grkmec wrote:
Wed Jun 27, 2018 9:56 am
I suggest T-bills / short term treasuries. No state income tax. No worry about exceeding FDIC insurance limit. Safest most liquid asset in the world. T-bill traded to negative yield during GCF.

1yr t-bill yields 2.315%
2yr treasury yields 2.52%
+1
by ThePrince
Mon Jun 18, 2018 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Would you pay off mortgage in my situation?
Replies: 31
Views: 2740

Re: Would you pay off mortgage in my situation?

Pay it off, the mortgage isn’t a pet; don’t keep it around.
by ThePrince
Sun Jun 17, 2018 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: Emergency fund placement
Replies: 3
Views: 430

Re: Emergency fund placement

VSBSX: Vanguard Short Term Treasury Index Admiral (ETF: VGSH). Present SEC Yield is 2.45%. ER= 0.07%.
by ThePrince
Wed Jun 13, 2018 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 456
Views: 102169

Re: Anyone regret paying off mortgage early?

epicahab wrote:
Tue Jun 12, 2018 11:50 pm
Making decisions based on tax deductions is putting the cart before the horse. It's much better to eliminate the interest up front.
+1
by ThePrince
Mon Jun 11, 2018 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Balancing the Burden and the Benefit of Wealth
Replies: 11
Views: 1557

Re: Balancing the Burden and the Benefit of Wealth

KlangFool wrote:
Mon Jun 11, 2018 2:36 pm
OP,

1) Yes, it resonates with me.

2) I tend to be brutally honest with others. The benefit of wealth frees me from playing the game with others in order to gain a promotion and/or pay raise.

KlangFool

+1
by ThePrince
Fri Jun 08, 2018 8:36 pm
Forum: Investing - Theory, News & General
Topic: My Pension is Really Valuable
Replies: 13
Views: 2179

Re: My Pension is Really Valuable

Nate79 wrote:
Fri Jun 08, 2018 8:01 pm
This is why state and local governments are going broke....

+1
by ThePrince
Sun Jun 03, 2018 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Cash windfall investing
Replies: 23
Views: 1935

Re: Cash windfall investing

The home is an appreciating asset, the car is a depreciating asset. A long-term, low rate, fixed rate mortgage can be a good inflation hedge. Agreed. If you have to have some debt, home debt is one of the better things to have. The new automobile purchase has to be one of the biggest middle class w...
by ThePrince
Sun Jun 03, 2018 11:56 am
Forum: Investing - Theory, News & General
Topic: Asset Location Gets REALLY Complex [Tax-ajusted asset allocation]
Replies: 21
Views: 2212

Re: Asset Location Gets REALLY Complex

This is exactly the right conclusion. It IS complicated and it DOESN'T matter much, at least at these low interest rates. Yes, I would say 0.2%-0.3% as the average benefit is close enough to 0% to ignore, especially since it just an average with no guarantee that you will get that benefit. I wonder...
by ThePrince
Sat Jun 02, 2018 10:09 pm
Forum: Investing - Help with Personal Investments
Topic: Why have a savings account at all?
Replies: 153
Views: 10741

Re: Why have a savings account at all?

Since we seem to be going in circles, I'll summarize my position. In my current circumstances, I figure that I need to be able to access about $25k for emergencies, recessions, etc. That is, if I had an EF, it would contain about $25k. I have a taxable account that contains about $150k. With 90% st...
by ThePrince
Sat Jun 02, 2018 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Financial setback stories
Replies: 21
Views: 3515

Re: Financial setback stories

The common Tech Bubble temporary multi-millionaire story.... October 17th 2000 at 5:00 PM: Net worth was about 2.1m after taxes with 1.7m of that in Nortel Stock options. October 17th 2000 at 5:05 PM after Nortel announce quarterly results: Net worth was .4m.... I had about 1/3 of my options vested...
by ThePrince
Sat Jun 02, 2018 5:53 pm
Forum: Investing - Help with Personal Investments
Topic: Helping son buy a house
Replies: 33
Views: 3081

Re: Helping son buy a house

No way! Everyone needs to cut the cord. How can someone be an independent adult when his parents own his house? No matter how great the family relationship is, there are some boundaries and this is a big one. No offense and I think it's generous of you to consider it, but I don't think it's a good ...
by ThePrince
Fri Jun 01, 2018 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: $1,000,000 in savings account to pay mortgage?
Replies: 32
Views: 4218

Re: $1,000,000 in savings account to pay mortgage?

If you bought a house that was $1.25M in the Bay Area, wouldn't it make sense to put the 20% deposit down and if you had remainder cash sitting around into a bank account or in a CD that earns 2% interest to effectively help pay your mortgage payments for you? Mortgage: Assuming 3.98% mortgage inte...
by ThePrince
Mon May 28, 2018 8:54 pm
Forum: Personal Consumer Issues
Topic: How To Store Blue Rhino Tanks Safely
Replies: 35
Views: 2774

Re: How To Store Blue Rhino Tanks Safely

bdavidson wrote:
Mon May 28, 2018 8:51 pm
I went right to the rhino’s mouth:

https://www.bluerhino.com/propane-info/ ... orage-faqs

Now excuse me, I have to get my extra tank out of my garage.
LOL.
by ThePrince
Mon May 28, 2018 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund Alternatives
Replies: 16
Views: 1597

Re: Emergency Fund Alternatives

So I don't have a dedicated emergency fund, up till recently I've self funded that via brokerage(s). Now I'm thinking of changing my position on that being a single income family of 4. That said I'm riskier that most and am OK with that. Part of the reason I haven't created a dedicated emergency fu...
by ThePrince
Mon May 28, 2018 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Why pay cash for a car?
Replies: 248
Views: 30094

Re: Why pay cash for a car?

I'm someone who avoids the loans by in large, but might take one out in limited situations. I don't like the loan on a quickly depreciating asset, and don't see it in the same light as a house. Cars are an expense, kind of like clothes etc (in my mind). [ quote fixed by admin LadyGeek] Why is payin...
by ThePrince
Mon May 28, 2018 8:18 am
Forum: Investing - Help with Personal Investments
Topic: How to invest $1.4 million inheritance?
Replies: 32
Views: 4451

Re: How to invest $1.4 million inheritance?

Hello all -- First of all, thank you so much for the thoughtful replies! You guys are truly amazing. Someone asked about my debt situation. I didn't mention it because our only debt is home mortgage. We owe $340k on a home with value of at least $750k, so net equity of approx. $400k. Add that to ou...
by ThePrince
Mon May 28, 2018 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Why pay cash for a car?
Replies: 248
Views: 30094

Re: Why pay cash for a car?

Better to get a low interest loan than go cash. It's a time value of money issue. For example, my last car purchase was financed for 6 years at 0% interest. In addition to obtaining a good out the door price on the car (that's another subject) I got to pay the money back in lower value dollars than...
by ThePrince
Sun May 27, 2018 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Keep or sell primary residence condo after job move?
Replies: 23
Views: 1672

Re: Keep or sell primary residence condo after job move?

Pajamas wrote:
Thu May 24, 2018 10:27 pm
Would you buy this particular condo to use as a rental property at this time?

If not, sell it.
+1
by ThePrince
Sun May 27, 2018 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?
Replies: 129
Views: 14061

Re: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?

why? you can always take out a HELOC with a paid off house IF an emergency arises. in that case, the liquidity of the house is there if and when needed. with a mortgage, you are paying the interest rate on the mortgage for liquidity that you don't need... That plan for a HELOC has flaws. You may no...
by ThePrince
Sat May 26, 2018 10:08 pm
Forum: Personal Consumer Issues
Topic: Credit card question - get Uber's new 4%er?
Replies: 42
Views: 5194

Re: Credit card question - get Uber's new 4%er?

I don’t open a card unless I’m going to get at least $300 value within 1 year with minimal work. That number used to be higher but I’ve already gone through all the great offers. After a $100 bonus and assuming the alternative is a 2% credit card (I get minimum 4.5% via CSR) one would need to spend...
by ThePrince
Mon May 21, 2018 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 134
Views: 9424

Re: Dave Ramsey it or keep low interest debt

To the OP, yes I think you should "Dave Ramsey" the car loans. In my opinion, it is not smart to go into debt for consumer goods such as automobiles. If you wouldn't walk into the dealer and pay cash for the car, you probably are buying too much car. Doesn't really matter that it's low interest or ...
by ThePrince
Sun May 20, 2018 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 134
Views: 9424

Re: Dave Ramsey it or keep low interest debt

I have 3 debts as follows 20k car loan - 0% 38k car loan - 1.9% 226k mortgage - 3.625% Annual income 255k Fully funded emergency fund (6 months) Right now I save 86k annually. Should I continue saving as is (via 401k, Roth, taxable) or save less to knock out these very low interest loans? I know th...
by ThePrince
Sun May 20, 2018 9:36 am
Forum: Personal Consumer Issues
Topic: Credit card question - get Uber's new 4%er?
Replies: 42
Views: 5194

Re: Credit card question - get Uber's new 4%er?

The Uber card continues to please.
by ThePrince
Sat May 19, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Finance a $28,000 house for Brother?
Replies: 73
Views: 5484

Re: Finance a $28,000 house for Brother?

Toons wrote:
Sat May 19, 2018 3:55 pm
Let him figure it out by himself,,
He will be better off.
Character Building.
:happy
LOL. +1
by ThePrince
Sat May 19, 2018 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 134
Views: 9424

Re: Dave Ramsey it or keep low interest debt

Look at it this way... if you had both car loans paid for ($58k), would you go BORROW $58k just to invest it? If I could get a 0% interest loan, I'd borrow every penny I could and invest it. What happens if/when you couldn't pay the loan back? On an annual income of $255k, 6 months of emergency fun...
by ThePrince
Sat May 19, 2018 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 134
Views: 9424

Re: Dave Ramsey it or keep low interest debt

JoeRetire wrote:
Sat May 19, 2018 1:51 pm
teddytimtam wrote:
Fri May 18, 2018 4:40 pm
Look at it this way... if you had both car loans paid for ($58k), would you go BORROW $58k just to invest it?
If I could get a 0% interest loan, I'd borrow every penny I could and invest it.
What happens if/when you couldn't pay the loan back?
by ThePrince
Sat May 19, 2018 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 134
Views: 9424

Re: Dave Ramsey it or keep low interest debt

Dave's advice is more about behavioral science than the math. The majority of his audience have control problems, not income problems. If they don't stop investing and focus 100% on getting out of debt, they will never get anything done and eventually revert back to their old ways of accumulating d...
by ThePrince
Sat May 19, 2018 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 134
Views: 9424

Re: Dave Ramsey it or keep low interest debt

Hard to believe any Boglehead would keep any of nterest payments when they don’t have too. We talk about low index ers then say it’s ok to pay interest. You should payoff car as fast as possible. Then payoff the house with at least 15 yr. mortgage. With your salary I don’t understand why someone wo...
by ThePrince
Fri May 18, 2018 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 134
Views: 9424

Re: Dave Ramsey it or keep low interest debt

pennylane wrote:
Fri May 18, 2018 8:06 pm
Do people actually take DR seriously? 🙄
Many here, including myself, take Dave Ramsey seriously. Your question, not so much.
by ThePrince
Fri May 18, 2018 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 134
Views: 9424

Re: Dave Ramsey it or keep low interest debt

I have 3 debts as follows 20k car loan - 0% 38k car loan - 1.9% 226k mortgage - 3.625% Annual income 255k Fully funded emergency fund (6 months) Right now I save 86k annually. Should I continue saving as is (via 401k, Roth, taxable) or save less to knock out these very low interest loans? I know th...
by ThePrince
Thu May 17, 2018 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Virtual Bank 2.01% MM [Money Market] savings account
Replies: 4
Views: 1095

Re: Virtual Bank 2.01% MM [Money Market] savings account

This is a promotional rate that is supposedly guaranteed for one year. $100 minimum initial deposit. Max. 6 withdrawals per month to avoid a $15 penalty, as with MM accounts elsewhere. The 2% savings deposit rate at Popular Direct bank is no longer available....their current rate is 1.85%. virtualb...
by ThePrince
Thu May 17, 2018 9:44 pm
Forum: Investing - Help with Personal Investments
Topic: Fellow non-529ers
Replies: 43
Views: 3082

Re: Fellow non-529ers

What is the rationale for not using a 529? Just by depositing money in the 529 and then immediately taking it out to pay tuition, you could be taking advantage of up to a $10,000 state tax deduction in some states. Not to mention the tax free gains. Just wondering what the thinking is behind not ta...
by ThePrince
Wed May 16, 2018 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Recast mortgage?
Replies: 9
Views: 863

Re: Recast mortgage?

Took a 360k 30yr @ 3.875 in Feb of 2016 (MV of house conservatively $750k). Monthly p&i $1,692. Paid mortgage down to $300k in a little over 2years. By doing this - and all else equal - I have pulled fwd the term 5years or so. Got letter in mail from the lender today asking if I wanted to recast - ...
by ThePrince
Sat May 12, 2018 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Signed Car Lease, Dealer calls later asking for a CO-SIGNER despite excellent credit
Replies: 180
Views: 18360

Re: Signed Car Lease, Dealer calls later asking for a CO-SIGNER despite excellent credit

GreenGrowTheDollars wrote:
Mon Apr 30, 2018 7:16 pm
Don't look a gift horse in the mouth. Leases are generally a bad deal and if you can get out of this one, you'll like have much better options in a few weeks. Spending $400 or so for a two week car rental is minor in the course of things.
+1
by ThePrince
Fri May 11, 2018 8:04 pm
Forum: Investing - Theory, News & General
Topic: Muni bondholders vs. pensions
Replies: 50
Views: 3249

Re: Muni bondholders vs. pensions

Illinois, New Jersey, Taxachussets, Puerto Rico certain municipalities in certain states with known pension problems and Kentucky. Buyer beware, do not rely upon Moody's/S&P to be indicative of problems, they sure did a fine job in rating subprime debt before the financial crisis. Memories are long...
by ThePrince
Fri May 11, 2018 6:53 pm
Forum: Personal Consumer Issues
Topic: Anyone buy carbon offsets when flying?
Replies: 111
Views: 4925

Re: Anyone buy carbon offsets when flying?

strafe wrote:
Fri May 11, 2018 9:33 am
In before the lock...

If you actually want to lower your carbon footprint, rather than just feel pious, you should become a vegetarian.
In before the lock... LOL
by ThePrince
Sat May 05, 2018 10:32 pm
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund
Replies: 10
Views: 1445

Re: Emergency Fund

3funder wrote:
Sat May 05, 2018 6:51 am
oldcomputerguy wrote:
Sat May 05, 2018 6:51 am
Others may see it differently, but I consider my emergency fund as a pot of cash that I can tap in emergencies, not as part of my investment portfolio. My fixed-income allocation does not include anything in my emergency fund.
+1
+2
by ThePrince
Sat May 05, 2018 6:24 pm
Forum: Personal Consumer Issues
Topic: most compelling TV character ever
Replies: 175
Views: 16833

Re: most compelling TV character ever

Red Forman: That 70’s Show.