Search found 38 matches

by khangaroo
Tue Nov 19, 2019 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Bad Idea to Close Oldest Credit Card?
Replies: 20
Views: 1194

Re: Bad Idea to Close Oldest Credit Card?

FWIW I just closed my credit card that was 3 years old and it dropped my credit score by 18 points. I was at 802. My credit age is similar to yours.

I would say don't fret about it unless you plan on buying a home in the next few years.
by khangaroo
Thu Nov 14, 2019 11:36 am
Forum: Personal Investments
Topic: Emergency Fund - High Yield Savings Account?
Replies: 8
Views: 535

Re: Emergency Fund - High Yield Savings Account?

I use Ally bank and they've been fantastic so far. The user interface is easy to follow, their transaction speeds are quick, and the interest rate is comparable with competitors. My only grip is that the interest rate is constantly changing but it makes sense that they have to match with market cond...
by khangaroo
Wed Nov 13, 2019 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Online MBA - Worth It?
Replies: 30
Views: 2137

Re: Online MBA - Worth It?

As a recent MBA graduate from a general state school, I would highly recommend NOT pursuing an MBA if you're looking to enter a different industry. I did an in-person MBA but I couldn't imagine that effects would be different if it was online. I had my MBA partially paid for by my employer and staye...
by khangaroo
Fri Oct 25, 2019 1:41 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1027
Views: 139991

Re: Post your Financial Milestone Announcements Here

Maxed out my 401k for the year with today's paycheck!! I thought I changed it to max out at the end of the year since I was saving for a mortgage but I guess I did the math wrong... I looked at my paycheck and was blown away! Now I have 4 more big paychecks until it gets tiny again when 2020 starts ...
by khangaroo
Wed Aug 28, 2019 6:27 pm
Forum: Personal Consumer Issues
Topic: Used Sports Car
Replies: 50
Views: 3246

Re: Used Sports Car

Honda S2K, ALL THE WAY!! Love every minute in that car. I've been on the fence about selling it, she's a garage queen. Purchased in 2014 with 48k miles...fast-forward to 2019... and she has 58k miles. Clean title and 100% stock - quite the beauty. I'm biased, but the S2000 is the most fun you'll hav...
by khangaroo
Wed Apr 24, 2019 7:43 am
Forum: Personal Consumer Issues
Topic: Collison Damage Waiver for Car Rental in Italy
Replies: 17
Views: 1059

Re: Collison Damage Waiver for Car Rental in Italy

Different country but I just rented a car in Costa Rica and to be able to waive the car damage insurance you had to provide a letter from Chase stating that they’re going to cover it. It was in the fine print and I also read about it on Costa Rica travel blogs. It was quite easy to get the letter, j...
by khangaroo
Fri Apr 12, 2019 3:20 pm
Forum: Personal Investments
Topic: Savings by 30?
Replies: 45
Views: 6298

Re: Savings by 30?

I’m currently 30 and my financial goal was to be debt free and have a $250k net worth. I became debt free at 27 after going through Dave Ramsey’s plan and reached $250k shortly after my birthday in January. I would say you’re far ahead of the typical 30 year old. I also wonder how I’m doing against ...
by khangaroo
Thu Apr 11, 2019 4:34 pm
Forum: Personal Investments
Topic: Leave out the bond fund of the 3 fund portfolio??
Replies: 40
Views: 3782

Re: Leave out the bond fund of the 3 fund portfolio??

Jason Zweig's commentary on Benjamin Graham's The Intelligent Investor: "Why not 100% Stocks? Graham advises you never to have more than 75% of your total assets in stocks. But is putting all your money into the stock market inadvisable for everyone? For a tiny minority of investors, a 100% stock po...
by khangaroo
Wed Apr 10, 2019 12:26 pm
Forum: Personal Investments
Topic: Leave out the bond fund of the 3 fund portfolio??
Replies: 40
Views: 3782

Re: LEAVE OUT THE BOND FUND of the 3 fund portfolio??

I have exactly what you stated. A US total market index and international index, no bonds. I’m 30 years old so my investing timeline is quite long for when I would be needing that money. I also have an extremely high risk tolerance. It could drop 80% tomorrow and I wouldn’t care, it’s all unrealized...
by khangaroo
Mon Apr 08, 2019 5:17 pm
Forum: Personal Consumer Issues
Topic: fun car advice
Replies: 140
Views: 10041

Re: fun car advice

I have an AP2 S2000. If you want a fun car, this will meet that criteria and then some. Nothing beats shifting in VTEC at 8k RPM. The community is also amazing and the Oregon group does summer drive trips (1 per month) which I’ve been a part since I bought it in 2014. I guess it also depends on what...
by khangaroo
Sun Apr 07, 2019 9:26 am
Forum: Personal Finance (Not Investing)
Topic: How Much Term Life Insurance?
Replies: 56
Views: 3800

Re: How Much Term Life Insurance?

I used the DIME method to figure out much term life insurance to buy. Debt = how much do we need to pay off all of our debts if one of dies Income = what income needs to be replaced. I used 10x salary of the higher person. In this case 10x your salary. Mortgage = what much is left on your mortgage? ...
by khangaroo
Sat Feb 23, 2019 10:58 am
Forum: Personal Finance (Not Investing)
Topic: $50,000 executive MBA at a state school or $5,000 MBA at a regional school?
Replies: 46
Views: 4356

Re: $50,000 executive MBA at a state school or $5,000 MBA at a regional school?

I have an MBA from a state university here in the Pacific North West. As others have stated, if you're looking to get an MBA for the education portion of it and giving your mind what it deserves then I would forego it. You can learn everything from an MBA program in a few HBS articles, case studies,...
by khangaroo
Sat Feb 23, 2019 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Just bought Life Insurance, how did I do?
Replies: 6
Views: 505

Re: Just bought Life Insurance, how did I do?

I got my life insurance through Zander Insurance (broker recommended by Dave Ramsey). I ran your stats through the system (41/M) with the assumption that you're tobacco-free, fit in the top health category, and in Oregon (used my state since I don't know yours). The results are (cheapest 3): AIG = $...
by khangaroo
Tue Feb 05, 2019 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Which debt to payoff?
Replies: 22
Views: 1476

Re: Which debt to payoff?

My view of debt aligns with Dave Ramsey, however, I still use credit cards and have a small loan ($3.1k remaining @ 4.59% interest, 60 mth). If I were you, I would use the snowball method and pay off the $24k then pour that monthly payment into the $45k until that's paid off as well. Idk what your i...
by khangaroo
Sun Jan 13, 2019 10:08 am
Forum: Personal Investments
Topic: Biggest Investment Mistake
Replies: 200
Views: 17359

Re: Biggest Investment Mistake

- I had my parents open a custodial Roth IRA for me in 2005 because I wanted to invest. Didn’t know what I was doing and used the the fund screener to pick a mutual fund. Didn’t sell it sooner when it was doing terrible because it was my first ever investment and finally sold it in 2015 for $1000 le...
by khangaroo
Fri Nov 02, 2018 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Is an MBA worth it these days?
Replies: 55
Views: 7586

Re: Is an MBA worth it these days?

My experience is very similar to yours and I just recently completed my MBA as a part-time student (Portland State University) while working for a general contractor (Turner Construction) - still working for them as an MEP project engineer. The total cost was $50k which included EVERYTHING, I had a ...
by khangaroo
Fri Aug 17, 2018 4:30 pm
Forum: Personal Investments
Topic: Better Behavioural Finance Books?
Replies: 17
Views: 1618

Re: Better Behavioural Finance Books?

I might get some hate for this but Dave Ramsey's "The Total Money Makeover" completely changed my behavior and thinking about debt and personal finance.

As Dave likes to say, "Personal finance is 80% behavior and 20% head knowledge"
by khangaroo
Fri Aug 03, 2018 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Comfort level with Credit Card Balance
Replies: 86
Views: 6282

Re: Comfort level with Credit Card Balance

There is a little confusion here because some of us don't know what you mean by "carry-over balance." Once each month, the credit card statement closes, and you have a statement balance, usually due within 2-3 weeks. If you pay that balance in full, anytime before it is due, you pay no interest. I ...
by khangaroo
Fri Aug 03, 2018 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Comfort level with Credit Card Balance
Replies: 86
Views: 6282

Comfort level with Credit Card Balance

Just wondering what's everyone's comfort level is with their credit card balance. I used to pay off my credit card balance every month but have been focusing on saving for a down payment for a duplex therefore my credit card isn't getting paid in full each month. I haven't had to pay CC interest for...
by khangaroo
Thu Jul 19, 2018 12:13 pm
Forum: Non-US Investing
Topic: Transferring $2M out of Vietnam to the US
Replies: 16
Views: 1900

Transferring $2M out of Vietnam to the US

Hi Bogleheads, I would like to ask for your help using your collective brainpower. My uncle had land in Vietnam that he just recently sold for $2M US Dollars. He is currently over there right now finalizing the transaction and has a green card here in the US. The issue is that the Vietnamese Governm...
by khangaroo
Mon Jul 16, 2018 1:22 pm
Forum: Personal Investments
Topic: Anyone Else Here Trying to Max Out 401k for the 1st Time in 2018?
Replies: 35
Views: 3078

Re: Anyone Else Here Trying to Max Out 401k for the 1st Time in 2018?

+1 on checking your company's 401k policy. Mine has it where the matching contribution isn't dependent on whether you're contributing this paycheck or not, you'll get your 5% match if you max out early and they'll true it up. Last year was the first time I was able to max my 401k and I would like to...
by khangaroo
Mon May 28, 2018 11:08 pm
Forum: Personal Consumer Issues
Topic: Splurging on the NBA finals
Replies: 56
Views: 5901

Re: Splurging on the NBA finals

You have the ability to personally witness a generational talent that will be talked about for as long as there is the sport of basketball. Buy the best seats that you can afford and enjoy the experience of a life time. I'm all about watching sports on TV but the atmosphere of a live sporting event ...
by khangaroo
Thu Apr 26, 2018 5:26 pm
Forum: Personal Consumer Issues
Topic: Learning to drive a stick [car with manual transmission]
Replies: 126
Views: 9693

Re: Learning to drive stick

It helps to read up on how to drive stick and watch YouTube videos so that you understand how the clutch and manual transmission system works. I learned on a Honda S2000 that I bought from CarMax - drove it off the lot in first gear since I wasn't 100% comfortable with shifting and then my dad taugh...
by khangaroo
Thu Mar 01, 2018 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: How much cash do you keep at any time on checking?
Replies: 183
Views: 19623

Re: How much cash do you keep at any time on checking?

$50 I allocate each two week paycheck as soon as I get it. Pay the bills with credit cards then pay CC with checking account funds from paycheck. Transfer remaining to retirement/college/investment accounts. Also have a $750 overdraft protection tied to the account if my math ever fails me but in th...
by khangaroo
Sat Feb 24, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Should I ask for a larger raise at yearly review?
Replies: 37
Views: 3365

Re: Should I ask for a larger raise at yearly review?

If you can substantiate the VALUE you've added to the company since your last promotion and your current accomplishments/trajectory, then why shouldn't you ask for an additional raise? Nobody cares about your career and life more than you. That's a fact. One of the best common sense career advice I'...
by khangaroo
Tue Feb 20, 2018 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: How would you proceed at age 29?
Replies: 17
Views: 2914

Re: How would you proceed at age 29?

Great job OP! +1 to all other replies. Some things I would consider: 1. Is it worthwhile to get a graduate degree? Perhaps an MBA if you're potentially looking into going the management route. Your company might even pay for the entire thing and it's always easier to do it before you get swamped wit...
by khangaroo
Sun Feb 11, 2018 4:50 pm
Forum: Investing - Theory, News & General
Topic: how did you determine your risk tolerance?
Replies: 138
Views: 9942

Re: how did you determine your risk tolerance?

I based on my risk tolerance on when I expected to use the money. Since I'm 29, I don't anticipate on touching any of the $$ in my retirement accounts (where the majority of my money is) for at least 30+ years. I'm also a big risk-seeker and completely comfortable with risk, both in life and in the ...
by khangaroo
Mon Feb 05, 2018 6:24 pm
Forum: Personal Investments
Topic: Scottrade (TD ameriTrade) vs Vanguard
Replies: 12
Views: 3453

Re: Scottrade (TD ameriTrade) vs Vanguard

I was in your same exact situation a few months ago with a Scottrade Roth IRA with a hodgepodge of different stocks, mutual funds, and indexes. I was contemplating on moving the account over to Vanguard since I was going to follow the 2-3 Fund Portfolio and it would've been free commissions on Vangu...
by khangaroo
Sat Feb 03, 2018 4:14 pm
Forum: Personal Consumer Issues
Topic: For BHs who actually like cars - [what car do you drive every day?]
Replies: 280
Views: 24252

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

04 BMW 330xi with Sports Package, the Steptronics is really nice when you want that extra boost at the lights. When I decide to get a new daily it'll probably be an M2 or an RCF.

Fun weekend/summer car is an 05 Honda S2000.
by khangaroo
Sat Feb 03, 2018 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Do you live on a budget?
Replies: 65
Views: 4798

Re: Do you live on a budget?

Yes, I have an excel spreadsheet generated every 2 weeks to allocate where each paycheck goes. It goes somewhat like below, there are subsets within these categories like in savings I have kid's college, Roth IRA, taxable accounts, etc. Line 1 = Main Income (+) Line 2 = Side Income (+) Line 3 = Cash...
by khangaroo
Thu Jan 25, 2018 3:59 pm
Forum: US Chapters
Topic: Happy Birthday, Taylor!
Replies: 84
Views: 6985

Re: Happy Birthday, Taylor!

Happy Birthday Taylor! Thanks to your guidance and teachings I have simplified my portfolio to 2 funds and it was been a tremendous relief. Absolutely love the simplicity.

Thank you for all you do and I also really enjoyed reading the Boglehead's Guide to Investing.

Cheers! :beer
KN
by khangaroo
Mon Jan 15, 2018 2:16 pm
Forum: Personal Consumer Issues
Topic: Where do you get your auto loans?
Replies: 34
Views: 7576

Re: Where do you get your auto loans?

So, as a car guy, I've always bought my cars outright with cash. I never wanted to have the monthly payment for something I could just pay cash with. Well, it seems that I am better off financing a car and letting that money sit in an account that will gain more than the interest rate so I'm lookin...
by khangaroo
Mon Jan 15, 2018 1:57 pm
Forum: Personal Consumer Issues
Topic: Almost a pathological fear of debt, to my detriment?
Replies: 79
Views: 6368

Re: Almost a pathological fear of debt, to my detriment?

OP - I was just like you too because I formed my personal finance foundation with Dave Ramsey's help so I ended up COMPLETELY hating debt. But once I got debt-free I think I was able to finally understand my emotions about money a lot better. I knew I hated debt but I also realized how beneficial it...
by khangaroo
Fri Jan 12, 2018 10:45 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1027
Views: 139991

Re: Post your Financial Milestone Announcements Here

I just passed the $100k mark in my 401k this morning! I started with my company in July 2012 and this was the first year I was able to max the contribution limit. I didn't contribute anything in 2015 while I was on my debt-free journey but once I got down I was able to set my contribution at 25% inc...
by khangaroo
Wed Jan 10, 2018 12:00 pm
Forum: Personal Consumer Issues
Topic: Sell Sports Car and Invest or Keep for Fun Factor
Replies: 25
Views: 1816

Sell Sports Car and Invest or Keep for Fun Factor

Hi Bogleheads! I've been a lurker for several months and come from Dave Ramsey's debt-free principles. I feel like he's the undergrad in personal finance and now I'm getting a graduate degree with Bogleheads - I'm really loving it! So my question is a personal consumer/behavior/investment one that d...
by khangaroo
Fri Jan 05, 2018 7:21 pm
Forum: Personal Consumer Issues
Topic: Sling TV experiences
Replies: 38
Views: 4497

Re: Sling TV experiences

I had Sling Orange for a year and it worked very well for my needs - mostly sports but other people in my household also wanted the news channel like CNN. I decided to upgrade to Blue+Orange because I wanted FS1 for soccer and UFC. If you're a sports fan, Sling Blue+Orange and an antenna (I use a Mo...
by khangaroo
Tue Jan 02, 2018 8:49 pm
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR 2018 BOGLEHEAD CONTEST
Replies: 167
Views: 16428

Re: REGISTRATION FOR 2018 BOGLEHEAD CONTEST

2914.14

Are there any prizes besides bragging rights?
by khangaroo
Tue Dec 19, 2017 6:56 pm
Forum: Personal Consumer Issues
Topic: How do Bogleheads save on eyeglasses?
Replies: 91
Views: 9100

Re: How do Bogleheads save on eyeglasses?

I buy a 3 year eye exam plan at America's Best: https://www.americasbest.com/c for $99 Then I use that prescription to buy eye glasses at Warby Parker: https://www.warbyparker.com/ for $95 Maybe because I live in Portland but I absolutely love the styles of WP. They also have an awesome trial system...