Search found 97 matches

by Lonestarz
Sat Feb 17, 2018 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Laid off ...next steps
Replies: 31
Views: 5829

Re: Laid off ...next steps

Financially you’re in a great spot. If you want to get back to work make that your full time job. The economy is good right now so find a spot before it isn’t. If you fully invest your time into finding a new job, you will have less time to think about the emotional struggle. Tell yourself you can d...
by Lonestarz
Sat Feb 17, 2018 11:20 am
Forum: Personal Consumer Issues
Topic: Mixing fuel octanes for cars
Replies: 57
Views: 4478

Re: Mixing fuel octanes for cars

Someone who is thrifty enough to even consider doing this should probably have bought a car that runs on 87 octane regular. :oops: THIS! 👍🏼 Totally agree. Don’t think you can get a high compression car for less than about $20-25k new. Say 25 mpg so you drive for 100k miles, 20 cents differential is...
by Lonestarz
Sat Feb 17, 2018 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Effect of spending money on appearance in career
Replies: 91
Views: 9374

Re: Effect of spending money on appearance in career

I have read attractive people (both men and women) have better shot at promotion. As do tall people.

No way to know what is going on for sure. As there are too many variables.
by Lonestarz
Fri Feb 16, 2018 8:19 pm
Forum: Personal Consumer Issues
Topic: Roof Leak...Need Advice
Replies: 16
Views: 2133

Re: Roof Leak...Need Advice

I had a roof leak. Builder replaced the shingles that had a rusted nail (or was it staples?) through them. Call my drywall guy who patched it up for a few hundred.

Probably below my deductible.
by Lonestarz
Thu Feb 15, 2018 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: Deploying bonus
Replies: 5
Views: 916

Re: Deploying bonus

I invest a constant amount - my cash goes up when I get bonuses and down in between. In the past I’ve lump summed it but with the market where it is, I felt more comfortable spreading it over a year. Maybe a bad decision in hind sight but not the worst.
by Lonestarz
Thu Feb 15, 2018 5:56 pm
Forum: Personal Consumer Issues
Topic: What big item (>20k) are you saving up for?
Replies: 159
Views: 15819

Re: What big item (>20k) are you saving up for?

No, I don't. Why would I need a special car bucket? I have money for a car, or I can take a low interest loan for a car. And I also don't cut expenses in anticipation of buying a car. If I'm somehow wasting money, I cut that anyway. My expenses are not a car issue. I never really thought about buck...
by Lonestarz
Mon Feb 12, 2018 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 169
Views: 20296

Re: Number at which to stop worrying

Once my savings can conver my basic spending at 3.5% I wouldn’t worry* about short term employment situations. (*Depends on the market) If the market is down I would be really pushing for a job to invest low. But I think between my min needs and where I would like to officially retire (about 2x that...
by Lonestarz
Mon Feb 12, 2018 7:29 pm
Forum: Personal Consumer Issues
Topic: What big item (>20k) are you saving up for?
Replies: 159
Views: 15819

Re: What big item (>20k) are you saving up for?

I don't believe in buckets. I have money and I spend money. I take low interest loans sometimes. I try to avoid that I spend so much that I don't accumulate more money. So far it seems to be working. So if you want to get a new car or other large purchase you don’t cut expenses or save rates toward...
by Lonestarz
Sun Feb 11, 2018 3:28 pm
Forum: Investing - Theory, News & General
Topic: how did you determine your risk tolerance?
Replies: 138
Views: 8986

Re: how did you determine your risk tolerance?

I think these threads are a bit silly because everyone always talks about how the loss is temporary and how the market will always recover and stocks will always outperform bonds. With so much confidence why would anyone not invest long term assets in stocks? Some people are very logical and can met...
by Lonestarz
Sun Feb 11, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: How does it make sense to buy a condo/house in Texas?
Replies: 97
Views: 8146

Re: Why would people buy condos/SFH in Texas?

I work downtown. Downtown proper is absolutely dead after about 6. Sure there are some nice restaurants and various happy hours but if you compare actual downtown to anywhere else between downtown and west beltway 8 you will see sparce it is. After about 7 pm, during weeknights 60% of the people I s...
by Lonestarz
Sun Feb 11, 2018 10:35 am
Forum: Investing - Help with Personal Investments
Topic: your assets - now verses end of year?
Replies: 38
Views: 3028

Re: your assets - now verses end of year?

I’ll admit to the same. I track balances in a spreadsheet (typically record values once a month for historic lookback) I was going to record the day of the first crash but decided to wait to see if my numbers would go back up. Not for any real reason than just for fun.
by Lonestarz
Sat Feb 10, 2018 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: How does it make sense to buy a condo/house in Texas?
Replies: 97
Views: 8146

Re: Why would people buy condos/SFH in Texas?

Have you seen downtown on a Friday or Saturday night? Main Street is packed with bars and tons of people out and about. Downtown is the new hot spot and more people go out downtown than they do in midtown or any other nightlife district in Houston. Lots of people have misconceptions about living in...
by Lonestarz
Fri Feb 09, 2018 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: How does it make sense to buy a condo/house in Texas?
Replies: 97
Views: 8146

Re: Why would people buy condos/SFH in Texas?

You are not going to find a rental that rents below cost (owner subsidized your rent?) so you are probably not comparing apples to apples. When you rent, it is usually a smaller space than when you buy. You can get a 2400 sq ft townhome inside 610 for $350k and you can rent one for 2400/mo - so mayb...
by Lonestarz
Wed Feb 07, 2018 6:42 am
Forum: Investing - Theory, News & General
Topic: Stealing from the kids for our retirement [High valuations => depressed future returns expectations]
Replies: 54
Views: 5970

Re: Stealing from the kids for our retirement

does it ask why stock prices are so high? why not blame "the kids" for buying at such high prices and bidding things up? fewer buyers would mean lower prices. instead of buying at such high prices they could pay their student debts down, stocks might even be cheaper by then. the idea that kids are ...
by Lonestarz
Tue Feb 06, 2018 6:34 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in Freefall
Replies: 168
Views: 21620

Re: Bitcoin in Freefall

What's the Bottom Call for Bitcoin? I’ve read $2000 is fair price if you account for the manipulation behind tether (which is used to convert bitcoins to cash and is supposed to be linked to the dollar by real $$$ holdings but likely was just issued like printing Venezuelan bills). So if it oversho...
by Lonestarz
Mon Feb 05, 2018 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: Stay the course? Edited to Staying the course!
Replies: 22
Views: 2684

Re: Stay the course?

I bought in for the first time with multiples of that in mid to late 2008 (aka about a week before the crash). Today I have around 2x that value in that account. What is the timeframe you are investing for? Better off investing that effort into earning more money rather than trying to speculate (“da...
by Lonestarz
Mon Feb 05, 2018 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Rule of thumb for how much to spend on rent?
Replies: 24
Views: 2284

Re: Rule of thumb for how much to spend on rent?

I have consistently spent around 20-25% of after tax spending on housing. I find this provides me with comparable experiences to my accommodations.

I do tend to eat/drink out a bit more before I started blowing all that money on child care.
by Lonestarz
Sat Feb 03, 2018 9:26 pm
Forum: Personal Consumer Issues
Topic: For BHs who actually like cars - [what car do you drive every day?]
Replies: 280
Views: 21478

Re: For BHs who actually like cars - what is your daily driver?

There are plenty of economy cars with sport version (GTI, Civis SI, Mazda 3, WRX that you can get for around 25k. Reliable, daily driver types that will get 30mpg. Even a v6 accord is quite fast and not too much different in price. You may pay 7k or so more new and get maybe 5mpg less but they are a...
by Lonestarz
Sat Feb 03, 2018 10:08 am
Forum: Investing - Help with Personal Investments
Topic: John Bogle and Japanese Stock market.
Replies: 33
Views: 3448

Re: John Bogle and Japanese Stock market.

I don’t know if Japan was a major player in the world economy (as the US is now). Easier for the smaller economies to follow a different path than the majors as they make up larger amounts of international trade. What I always heard and was mentioned but not really explained was currency risk/home p...
by Lonestarz
Sat Feb 03, 2018 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Is an ARM always a bad idea?
Replies: 22
Views: 2713

Re: Is an ARM always a bad idea?

I went for a 10 year arm and although I originally planned to pay it off - I piled money into the stock market instead. Both worked out great. I don’t plan on owning the house 10 years but it was an investment (not primary residence) and captured the gentrification appreciation I was looking for. I ...
by Lonestarz
Fri Feb 02, 2018 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Need some guidance - Personal Finance/Retirement/Investment
Replies: 8
Views: 739

Re: Need some guidance - Personal Finance/Retirement/Investment

Down payment of how much with how much income?! Are you getting a house around 5-10x your income level! Yikes. Yes backdoor Roth. Also see if your work plan allows after tax contributions to 401k then allows those to be rolled over to Roth while you’re still there. You can operate out of a standard ...
by Lonestarz
Fri Feb 02, 2018 8:48 am
Forum: Personal Finance (Not Investing)
Topic: How much to spend on a backyard?
Replies: 35
Views: 3403

Re: How much to spend on a backyard?

I would spend $2000 to fix sprinklers and replant succulents knowing kids love hills. My SO would spend $250k remodeling the yard and never use it. Ask me know I know.
by Lonestarz
Fri Feb 02, 2018 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Bonds - Am I missing something
Replies: 89
Views: 9397

Re: Bonds - Am I missing something

For those concerned with bond value erosion as interest rates rise, why not put that portion of your portfolio in CDs of various maturities. As CD matures then reinvest for a higher rate. A bond ladder but using CDs where your principal is guaranteed. I can’t find a CD that pays more than inflation...
by Lonestarz
Fri Feb 02, 2018 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Help with House Selling and Buying situation, school districts
Replies: 27
Views: 1708

Re: Help with House Selling and Buying situation, school districts

Few thoughts: I assume you only checked out the elementary school? What about middle/high school in this area? Don’t want to move again in 6 years. That is a pretty small difference for school districts - we are looking at $1mil ($20k property tax) to move to a good school or pay for private in our ...
by Lonestarz
Fri Feb 02, 2018 4:30 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford this house?
Replies: 50
Views: 5358

Re: Can I afford this house?

Sounds like you have your answer. If you’re set on staying there and you need more space... is it worth the trade offs of neighborhood or school (are public schools good?) for maybe $500k difference? I’m sure, excluding the San Andreas fault separating you into the ocean, the property appreciation w...
by Lonestarz
Fri Feb 02, 2018 4:16 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford this house?
Replies: 50
Views: 5358

Re: Can I afford this house?

No wonder so many Californians are moving to Texas where you could earn similar without state tax and $2 mill will buy you a 7-10 bedroom home. I don’t know if I would pull the trigger myself as that’s a big chunk of your $21k/month? take home. But if you look at job market/stability, future income,...
by Lonestarz
Fri Feb 02, 2018 4:04 am
Forum: Investing - Help with Personal Investments
Topic: What advice would you give yourself if you were 27 again?
Replies: 120
Views: 9494

Re: What advice would you give yourself if you were 27 again?

I wish I learned about backdoor Roth earlier. I also wish I learned more about people (hidden intent - not everyone is transparent) Just keep saving as much as you can while you can. I see a lot of posts from single/kidless people making a lot of rosy projections about future spending levels and ret...
by Lonestarz
Thu Feb 01, 2018 9:59 am
Forum: Investing - Help with Personal Investments
Topic: I have an overwhelming gift I'm in need of help of please.
Replies: 89
Views: 9039

Re: I have an overwhelming gift I'm in need of help of please.

I would fund Roth’s for 2017 & 2018. I’d set aside some money for an emergency fund. The rest? With the market where it is now and interest rates having potential to climb I’d be more in favor of paying off/to the house with the rest of it and using that mortgage money to invest. With someone who ha...
by Lonestarz
Wed Jan 31, 2018 6:12 pm
Forum: Personal Consumer Issues
Topic: Buy a new car or not?
Replies: 34
Views: 3293

Re: Buy a new car or not?

I might consider a Subaru Forester or Honda CRV - fits your dimensions, 30-35k, responsible but not ‘target me’ price tag. Plus should have room for some kiddos. I enjoy driving my car as well but that’s not a priority. You will have height issues in even the mid size SUVs.. lean the seat back and N...
by Lonestarz
Wed Jan 31, 2018 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Life insurance
Replies: 12
Views: 1298

Re: Life insurance

I currently have about 16x invested, 11x life insurance, and maybe 3x AD&D Looking to purchase another 16x life insurance as I don’t expect to keep our costs low forever (I’m still young and and my “x” is my half of the family contribution. I don’t see any need to renew past 10 years and premiums co...
by Lonestarz
Tue Jan 30, 2018 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance
Replies: 12
Views: 1298

Re: Life insurance

$310 Ohio life vs $340 protective life (annual)

Changed jobs and new company’sife insurance is more expensive. Within 10 years can self insure - no health concerns but if I die in a car wreck or something want my SO to have options with young kids.
by Lonestarz
Tue Jan 30, 2018 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance
Replies: 12
Views: 1298

Life insurance

I applied at transamerica 2 months ago. They are awful at returning calls And breaking promises. I got fed up with their rude attitude and applied at Protective Life (through Geico who I guess acts as a referral?) Does anyone know anything about this company? I don’t know how to research on this. Po...
by Lonestarz
Sun Jan 28, 2018 9:31 pm
Forum: Personal Consumer Issues
Topic: Career "advice" for someone without college
Replies: 39
Views: 2547

Re: Career "advice" for someone without college

If he has passions (tech/computers, machinery, legal) there are plenty of low education sales type careers. Landmen can earn 6 figures but they need to build a relationship with land owners and get them to sell rights as well as have aptitude to figure out ownership at the courthouse. IT has a lots ...
by Lonestarz
Sun Jan 28, 2018 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: How much have kids added to your personal finance/expenses?
Replies: 111
Views: 10309

Re: How much have kids added to your personal finance/expenses?

Ours is probably $35k/yr for child care and activity fees on one kid. Maybe 1k a month extra on food, gas, clothes, toys.. but we probably save that much on not going out to do adult things. If we paid for a baby sitter we would really be spending money. If/when they go into public school (age right...
by Lonestarz
Sun Jan 28, 2018 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: Can/Should I retire now?
Replies: 50
Views: 7129

Re: Can I retire now?

That could easily be remedied by going 60/40 until his pension kicks in. With a $2.5M portfolio, a 30% drop in stocks is probably accompanied by a 5% gain in bonds, and he might end up with $2.1M. With $1800 per month of rental income and a pension coming. The conservatism on this thread is beyond ...
by Lonestarz
Wed Jan 24, 2018 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: Please help with Retirement Income questions.
Replies: 8
Views: 892

Re: Please help with Retirement Income questions.

If you take SS your survivors benefit is stopped? I’d bust out excel and assume inflation, rate of return, and estimated remaining life (based on actuarial tables and/or relatives) and make a guess on when to take. I suspect later since you’re already earning $800 a month or so. Pension id compare g...
by Lonestarz
Wed Jan 24, 2018 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance company wants money back
Replies: 45
Views: 5157

Re: Life insurance company wants money back

I wouldn’t worry about it. Can’t get blood from a stone. Guy doesn’t have any assets to recover losses from since he spent it all.
by Lonestarz
Wed Jan 24, 2018 11:15 am
Forum: Personal Consumer Issues
Topic: Solar window film
Replies: 18
Views: 1384

Re: Solar window film

I put some of that clear insulation film on some windows we don’t use. I think it helped some - was supposed to be temporary for winter in cold areas. Just left it up since these windows are 100% covered by blinds/shades.
by Lonestarz
Tue Jan 23, 2018 12:43 pm
Forum: Personal Consumer Issues
Topic: Are Roomba's effective?
Replies: 57
Views: 6829

Re: Are Roomba's effective?

I have to echo the disappointment. It picked up a lot of dirt but between chair legs, the kitchen table, the couch, the coffee table, or play mats/rugs (not even to mention toys) it got stuck so often we gave it to parents. It got stuck at their house enough it now just sits in a corner. It was a Ne...
by Lonestarz
Tue Jan 23, 2018 11:39 am
Forum: Investing - Theory, News & General
Topic: 25x 50x etc. [evaluating multiples of expenses in retirement]
Replies: 8
Views: 1053

Re: 25x 50x etc. [evaluating multiples of expenses in retirement]

6x12=72k (pre tax?) Subtract any pension and SS. If those don’t start immediately best method I have seen is ‘separate’ your balance into a part to cover the gap until you get pension/ss and the rest to cover the income-(pension/ss) gap for life. So if you need 75k and you have 25k ss in 10 years it...
by Lonestarz
Mon Jan 22, 2018 2:05 pm
Forum: Personal Consumer Issues
Topic: How much house can we afford (Madison WI area)?
Replies: 25
Views: 2713

Re: How much house can we afford (Madison WI area)?

Keep in mind that more expensive areas have more expensive daycare as well. Your kid won’t go to school until age 5? No rush to buy a house unless you want to but you have enough income (no idea on your expenses). Houses from the 80s will still need Work and new houses will need maintenance also. Wh...
by Lonestarz
Mon Jan 22, 2018 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Ready to give up on bond fund, Lost 2.25% past 6 months
Replies: 85
Views: 12379

Re: Ready to give up on bond fund, Lost 2.25% past 6 months

I’ll admit I haven’t bought into bonds because of potential rate increases. Ally has a no penalty CD you can get into to park cash and I have a few single digest % in short term bonds. Don’t rebalance so frequently as performance trends seem to continue for a little while... until the reverse. My ta...
by Lonestarz
Sun Jan 21, 2018 10:19 am
Forum: Personal Consumer Issues
Topic: return expensive 3 year old's eye glasses?
Replies: 22
Views: 2090

Re: return expensive 3 year old's eye glasses?

My last optomoligist glasses coat $400 and we’re very nice. I just bought a pair of Zenni glasses for $57. I’m sure the Zenni glasses are not as durable as the previous pair and I had less choices but neither will hold up to my kid stepping on them (or at least I don’t believe the Zenni will hold up...
by Lonestarz
Sun Jan 14, 2018 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement possible?
Replies: 12
Views: 2151

Re: Early retirement possible?

Less than $1k a month is very sparse living and healthcare for sure could end up being much more than 7k in your elder years. I don’t see how that budged accrues for car replacements or other expenses as well. I think there are 2 separate parts; one is the SWR or rental income calculation (average o...
by Lonestarz
Wed Jan 10, 2018 10:38 am
Forum: Personal Consumer Issues
Topic: Any Porsche 911 owners here?
Replies: 142
Views: 19114

Re: Any Porsche 911 owners here?

I’ve driven a number of cars but why would you consider RWD>AWD? I mean, a motorcycle is fun too but I’d rather have a car that grips the road better as you add HP. Where is the wrx-sti on the list? Yea I notice the torque steer on the compact performance market but can’t recall when I needed hard a...
by Lonestarz
Tue Jan 09, 2018 6:53 pm
Forum: Personal Consumer Issues
Topic: Early Retirement Incentive Plan is generating paranoia in a co-worker
Replies: 47
Views: 6456

Re: Early Retirement Incentive Plan is generating paranoia

What I have seen is the float an approximate plan and request interest. Then float a hard offer and those who apply fit into 1 of 2 options: get the package or you are business critical and not elligable.

Those deemed business critical have low probability of being laid off a few months later.
by Lonestarz
Sun Jan 07, 2018 10:34 pm
Forum: Investing - Help with Personal Investments
Topic: Late starter
Replies: 7
Views: 1626

Re: Late starter

You have to have very low expenses (30k) for a Roth account to bridge you until you live off Social security. Consider your income and look for ways to reduce - as said,saving % has the biggest impact. Markets are risky - be mentally prepared if you want to invest (especially agressively) that you m...
by Lonestarz
Sun Jan 07, 2018 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Can you ever win the game?
Replies: 50
Views: 5920

Re: Can you ever win the game?

There is always uncertainty (especially the last 5 years with high PE and no crashes) but I think plenty of time when one could consider 3.5% SWR plenty conservative. Assuming 1k/month for health insurance over 13 years until Medicare should be about fine. If you’re any above those and SS is a bonus...
by Lonestarz
Fri Jan 05, 2018 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Can/Should I retire now?
Replies: 50
Views: 7129

Re: Can I retire now?

I might stick it out for a year or two mostly because of the stock valuations/economy. Would suck to retire and have a market crash dropping stocks by 30% and your budget doesn’t leave much room for error. The elevator said something like half of renters pay >30% Inome to rent. If one of your renter...
by Lonestarz
Wed Jan 03, 2018 1:09 pm
Forum: Personal Consumer Issues
Topic: Water filtration system - worth it?
Replies: 37
Views: 3679

Re: Water filtration system - worth it?

Agree with prior post. RO removes most of the beneficial minerals. Best bet for improved drinking/cooking/brewing (coffee & beer) water is an under counter 2 stage activated carbon water filter system. It removes most of the impurities but leaves the good minerals. Some quick research indicates tap...