Search found 214 matches

by ohboy!
Wed Aug 05, 2020 3:20 pm
Forum: Investing - Theory, News & General
Topic: Anyone else hoarding cash right now?
Replies: 104
Views: 5771

Re: Anyone else hoarding cash right now?

On a somwhat related note I just completed a Capital One 360 signup bonus. $50k for 90 days paid $500 + their pretty competitive high yield savings rate (1-1.5% over the past 3 months). Figure that's annualized 6 or 7%. Not too bad for pretty low risk. Other similar bank bonuses are out there with s...
by ohboy!
Wed Aug 05, 2020 2:39 pm
Forum: Investing - Theory, News & General
Topic: Anyone else hoarding cash right now?
Replies: 104
Views: 5771

Re: Anyone else hoarding cash right now?

Usual discussion here. Majority of Bogleheads will put everything at their asset allocation regardless of the environment. A few people want to time the market or hedge with gold or silver and that creates a disagreement. Gold and Silver is part of my asset allocation. So is cash. And 401k, Roth, HS...
by ohboy!
Sun Aug 02, 2020 5:00 pm
Forum: Personal Consumer Issues
Topic: How to grow food indoors
Replies: 16
Views: 1627

Re: How to grow food indoors

I am experimenting - great hobby in these times. I bought these grow lights and really like them: https://www.amazon.com/gp/product/B07ZHTNFZ6/ref=ppx_yo_dt_b_asin_title_o07_s00?ie=UTF8&psc=1 These are LED so they do not use a lot of electricity. There is a great deal of research as to whether you ...
by ohboy!
Sun Aug 02, 2020 4:56 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 234
Views: 12768

Re: Paul Tudor: Compelling case for bitcoin ?

The argument to buy Bitcoin is like he argument to buy Pets.com in 1999, because the internet is amazing and it's going to be the future. Pets.com went bankrupt in 2000 along with many of the dot com companies. The idea of the internet lived on and succeeded, but many of today's tech winners didn't...
by ohboy!
Sun Aug 02, 2020 9:55 am
Forum: Non-US Investing
Topic: Investing in bitcoin from europe (ireland)
Replies: 4
Views: 379

Re: Investing in bitcoin from europe (ireland)

Use Binance as an exchange if possible. Looks like they just released a debit card for Ireland. Edit to add link: https://www.google.com/amp/s/amp.independent.ie/business/personal-finance/cryptocurrency-exchange-binance-launches-its-debit-card-in-ireland-39414541.html A nano s hardware wallet is $60...
by ohboy!
Sat Aug 01, 2020 6:06 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 234
Views: 12768

Re: Paul Tudor: Compelling case for bitcoin ?

The argument to buy Bitcoin is like he argument to buy Pets.com in 1999, because the internet is amazing and it's going to be the future. Pets.com went bankrupt in 2000 along with many of the dot com companies. The idea of the internet lived on and succeeded, but many of today's tech winners didn't...
by ohboy!
Fri Jul 31, 2020 1:57 pm
Forum: Investing - Theory, News & General
Topic: "Beware the Hype on Gold"
Replies: 154
Views: 11504

Re: "Beware the Hype on Gold"

Thanks for sharing Taylor! I do not plan to speculate with gold! Personally, I don't speculate in anything, and I sure would not speculate with gold. I also would not "invest" in gold. I'm not even sure it is a negative correlating asset class say to equities or bonds. Good data has shown gold does...
by ohboy!
Fri Jul 31, 2020 10:37 am
Forum: Investing - Theory, News & General
Topic: "Beware the Hype on Gold"
Replies: 154
Views: 11504

Re: "Beware the Hype on Gold"

Tesla $300 people though overvalued. Should I dig up the posts on that? Now where are we? Don't discount China and global unease. Cultures that have traditions of buying precious metals. Gold is a slow train if you want to take the expressway with metals buy silver. American Eagles are selling for 4...
by ohboy!
Tue Jul 28, 2020 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: FOMO: Gold and Silver -- Buy, Sell, Hold, Waiting for Dip?
Replies: 43
Views: 2369

Re: FOMO: Gold and Silver -- Buy, Sell, Hold, Waiting for Dip?

Gold is up? Ignoring the noise, sticking to my plan. Does your plan prepare for the possibility of money debasing and hyperinflation? Another few trillions of money printing this week. KlangFool Ok, so tell me how does one specifically prepare for this? Adhering to Boglehead principles? Physical go...
by ohboy!
Tue Jul 28, 2020 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: At what amount ($) of income does going from Sole Prop to LLC Taxed as S Corp make sense?
Replies: 26
Views: 1962

Re: At what amount ($) of income does going from Sole Prop to LLC Taxed as S Corp make sense?

On this topic but a slight deviation. At what point and how do I get out of s-corp classification? After 4 years of income that clearly made the juice worth the squeeze Im now only making $4500 a month since March and while it could improve Im not sure it ever will. Im in California. I have most rec...
by ohboy!
Mon Jul 20, 2020 11:40 am
Forum: Personal Finance (Not Investing)
Topic: $359k in med school debt; advice for family member
Replies: 101
Views: 6985

Re: $359k in med school debt; advice for family member

Good news is if he can and once he did wrangle himself out of debt he could be in a great position. With my GF in significant student loan debt I constantly remind her how much less spending now translates to more opportunity later. She has about 1:1 debt to gross income. Her plan is to pay it off i...
by ohboy!
Mon Jul 20, 2020 8:31 am
Forum: Personal Finance (Not Investing)
Topic: $359k in med school debt; advice for family member
Replies: 101
Views: 6985

Re: $359k in med school debt; advice for family member

At least there is no payment required this month or next! I was just thinking how the federal government can round up more money by teasing forgiveness. I think this causes less people to refinance. At least my GF isn’t going to do so quite yet. There is a huge petition for student loans to be forgi...
by ohboy!
Sun Jul 19, 2020 8:20 am
Forum: Personal Consumer Issues
Topic: Yet another solar panel bid
Replies: 13
Views: 2092

Re: Yet another solar panel bid

Apparently, this system can save around $100/month of electric. So, the payoff would be around 10 years. I expected it to pay off a little sooner, but as I have done some reading around here and other sites and this may be a pretty decent deal? Also, apparently, the federal rebate will decrease in ...
by ohboy!
Sat Jul 18, 2020 9:16 pm
Forum: Personal Consumer Issues
Topic: Advice on a more livable place
Replies: 145
Views: 11974

Re: Advice on a more livable place

Don't go to So Cal with a $500-600k budget for a house. My gosh that would buy you a condo in the Inland Empire maybe. Try a $1.5m budget to be in a decent neighborhood. That’s so hilariously Bogleheads. Where La Jolla is a “decent” neighborhood, and normal middle class neighborhoods are where the ...
by ohboy!
Sat Jul 18, 2020 9:14 pm
Forum: Personal Consumer Issues
Topic: Advice on a more livable place
Replies: 145
Views: 11974

Re: Advice on a more livable place

This is a good list. Between my wife and myself we’ve lived in 4 of the top 20. All good, but different. We are currently living in #4 on the list, which should be more accurately termed “Northwest Arkansas.” Google it for yourself. It might be a nice balance of things you are looking for (booming ...
by ohboy!
Fri Jul 17, 2020 11:11 pm
Forum: Personal Consumer Issues
Topic: Hummus Alternative:
Replies: 33
Views: 3236

Re: Hummus Alternative:

The crop desiccation thing is an atrocity. They use the glyphosate to finish the crops. (The worst time). By spraying near the end the crops will finish more uniformly and produce a bigger harvest. The stress can also cause more seeds (often the desired fruit of the crop). I too hate to eat glyphosa...
by ohboy!
Wed Jul 15, 2020 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Liability for Golf Ball Through Windshield
Replies: 93
Views: 5793

Re: Liability for Golf Ball Through Windshield

Once got a ball to the windshield while driving down the road. Stopped and asked the marshall to go on the course and confront the perpetrator. He said I could not. I was irked because I saw the guy. It was a city run public course and he gave me a form from the city. I claimed it with the city’s in...
by ohboy!
Wed Jul 15, 2020 10:21 pm
Forum: Personal Investments
Topic: Using Vanguards Ultra Short Term Bond Fund for a Cash Reserve
Replies: 9
Views: 1301

Re: Using Vanguards Ultra Short Term Bond Fund for a Cash Reserve

$79 is 16 full meals at Taco Bell for me. That’s about about a year in my use case.
by ohboy!
Tue Jul 14, 2020 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security: is the wisdom still relevant
Replies: 190
Views: 12974

Re: Delaying Social Security: is the wisdom still relevant

There are two very disparate goals involving when to claim SS benefits, assuming that one has the financial freedom to delay if one wishes to do so. 1. Maximize the amount of SS benefits you receive in your lifetime. 2. Maximize the amount of your monthly SS benefits once they begin. Those with goa...
by ohboy!
Fri Jul 10, 2020 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Food and health
Replies: 21
Views: 1502

Re: Food and health

Imagine the punch in the gut if you didn't have insurance and a bad event happened. A friend of mine had a lawnmower accident last year and the hospital bill was almost $100K. Definitely only arguable value is catastrophe coverage. My friend spent two nights in the hospital two years ago and had th...
by ohboy!
Fri Jul 10, 2020 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Food and health
Replies: 21
Views: 1502

Re: Food and health

My health insurance is absurd. I can only imagine what it's like for those older. I'm paying $320 a month for the highest deductible plan available. There is no cheaper option that I see. I'm in California. The only good thing about it is that it allows me to qualify for HSA. It's Kaiser no less. I...
by ohboy!
Fri Jul 10, 2020 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Food and health
Replies: 21
Views: 1502

Re: Food and health

$320 for the bogus insurance is more than my second biggest budget item - food. Your insurance is "bogus" because you bought the very cheapest plan you could find. The average cost of an employer insurance plan for an individual is $600 per month. In that sense, you pretty much got what you paid fo...
by ohboy!
Fri Jul 10, 2020 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Food and health
Replies: 21
Views: 1502

Re: Food and health

You have five months of health insurance premiums left for the year. Just pay it and find other places to cut. It is not a good idea to go without insurance. Eating well and exercising won't protect you from everything that could affect your health. For next year, think about getting insurance thro...
by ohboy!
Fri Jul 10, 2020 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Food and health
Replies: 21
Views: 1502

Food and health

I'm 40. Just recently started budgeting our food cost and we are easily staying under $600 a month for two people. The pandemic has hammered my business and I'm down from $100k a year to probably what will work out to be $50k a year. I'm looking around at places to cut costs. And here is comes, sorr...
by ohboy!
Fri Jul 10, 2020 10:39 am
Forum: Personal Consumer Issues
Topic: Who has painted their own house?
Replies: 45
Views: 3744

Re: Who has painted their own house?

I was considering it but got an estimate for $1500 for a 1100sqft house plus 1 car garage. Doesn't seem worth it to do myself for that price. That includes stucco patching which is the part that really intimated me. Now I just need to get tired of looking at the faded paint enough to pony up the $15...
by ohboy!
Thu Jul 09, 2020 3:25 pm
Forum: Investing - Theory, News & General
Topic: Future value of REIT's
Replies: 21
Views: 1596

Re: Future value of REIT's

I would think most people here who have REITs have some bonds as well. If REITs go down then we rebalance. I can't imagine many are thinking to add REITS to their portfolio right now, but I also don't see the reason to take them out. For me it's 5%, hasn't done great lately, and I'll be fine in the ...
by ohboy!
Thu Jul 09, 2020 12:05 am
Forum: Personal Consumer Issues
Topic: How would permanent WFH reshape Silicon Valley?
Replies: 79
Views: 6540

Re: How would permanent WFH reshape Silicon Valley?

I’d be willing to wager the majority of people participating in this thread spend the majority of their work-day checking, reading, and sending emails. Not only are we taking the off-ramp to the city of WFH but we are also taking the expressway to job-loss to technology. The good news is there is a ...
by ohboy!
Sun Jul 05, 2020 10:12 am
Forum: Investing - Theory, News & General
Topic: Gold $1600 Oz - When?
Replies: 362
Views: 24327

Re: Gold $1600 Oz - When?

Gold is on a good run and so is the dollar. If the dollar falls gold is really poised to take off. The eastern world loves precious metals.
by ohboy!
Sat Jul 04, 2020 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Landlords: How are you doing this year?
Replies: 113
Views: 11762

Re: Landlords: How are you doing this year?

moral dilemma question: I have friends who can’t even a home and here I am buying one after another. Have you ever felt like you shouldn’t invest in rental properties because you are taking inventory off the housing market? Practical dilemma, where can you buy good cash flowing properties these day...
by ohboy!
Fri Jul 03, 2020 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: considering paying cash for house- What would you do?
Replies: 54
Views: 3711

Re: considering paying cash for house- What would you do?

There should be a section on this site dedicated to this topic. Its multiple times per week that it comes up.
by ohboy!
Fri Jul 03, 2020 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Checking & Savings account bonuses - Associated Bank and HSBC
Replies: 12
Views: 810

Re: Checking & Savings account bonuses - Associated Bank and HSBC

Check out doctor of credit. Wells Fargo bonus I think is $400 and qualifications are easier.
by ohboy!
Thu Jul 02, 2020 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Share your budget
Replies: 152
Views: 9774

Re: Share your budget

L82GAME wrote:
Thu Jul 02, 2020 3:58 pm
OP, why do you ask the question? What are your goals?
Yeah wow big money winnner. 99% of the population has the goal of being you.
by ohboy!
Wed Jul 01, 2020 4:37 pm
Forum: Investing - Theory, News & General
Topic: Tesla becomes most valuable car company in the world
Replies: 150
Views: 13162

Re: Tesla becomes most valuable car company in the world

My question is at what point does a company need to actually achieve these earnings? When do earnings need to catch up to valuations? Never and never. As long as the market consensus is that the earnings are coming someday, that's good enough. Telsa's stock could collapse tomorrow. It could keep go...
by ohboy!
Wed Jul 01, 2020 4:26 pm
Forum: Investing - Theory, News & General
Topic: How to analyze having a paid-off mortgage in retirement?
Replies: 104
Views: 6488

Re: How to analyze having a paid-off mortgage in retirement?

OP, In my case, 1) EF = 120K 2) Portfolio = 1.4 million 3) 300K mortgage @ 3.49% -> 15K loan payment per year. 4) Annual expense = 60K per year. PITI = 20K per year. I choose not to pay off the mortgage until my portfolio is 1.8 million. 300K = 20 years of 15K loan payment. It does not make sense f...
by ohboy!
Tue Jun 30, 2020 10:30 pm
Forum: Personal Investments
Topic: Rent or Sell Townhouse in Seattle
Replies: 42
Views: 2895

Re: Rent or Sell Townhouse in Seattle

Im not scared of the news whatsoever but I advise selling it. Investment properties are a headache. You’ve done well, time to move on.
by ohboy!
Tue Jun 30, 2020 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Where are residential real estate prices heading?
Replies: 14
Views: 1559

Re: Where are residential real estate prices heading?

Buy if you can afford a home that you would be happy to live in for many years to come. Prices are high but interest is low. If anything those two may reverse but I don’t see housing getting much cheaper in real dollars unless there is an exodus.
by ohboy!
Sun Jun 28, 2020 8:49 am
Forum: Investing - Theory, News & General
Topic: Investing vs working
Replies: 67
Views: 5269

Re: Investing vs working

I’m asking does it play out that some investors will make more, over time, with an average rate of return, than they did working. Sure. If a 20 - 25 year old kid inherits a huge chunk like $1M from a family trust and invests it, it doesn't matter if they have a Bachelor's, Master's, Doctoral, or a ...
by ohboy!
Sat Jun 27, 2020 6:35 pm
Forum: Investing - Theory, News & General
Topic: Investing vs working
Replies: 67
Views: 5269

Re: Investing vs working

I’ve been thinking of some divide between an investor class and a working class. Those whose assets accrue wealth compared to those who only labor for their money. It made me think, will a diligent investor make more on their assets than they will on their labor over the course of a lifetime? I wou...
by ohboy!
Sat Jun 27, 2020 3:20 pm
Forum: Investing - Theory, News & General
Topic: Investing vs working
Replies: 67
Views: 5269

Re: Investing vs working

ohboy!, This is a simple math problem. It is a saving rate problem. Assuming the gross income = I and the person saves 35% of his gross income and the return rate is 7%, how long before the annual return = I. To illustrate the result, we assume I = $100,000. But, the result is the same for any inco...
by ohboy!
Sat Jun 27, 2020 3:03 pm
Forum: Investing - Theory, News & General
Topic: Investing vs working
Replies: 67
Views: 5269

Re: Investing vs working

I’ve been thinking of some divide between an investor class and a working class. Those whose assets accrue wealth compared to those who only labor for their money. It made me think, will a diligent investor make more on their assets than they will on their labor over the course of a lifetime? I wou...
by ohboy!
Sat Jun 27, 2020 9:31 am
Forum: Investing - Theory, News & General
Topic: Investing vs working
Replies: 67
Views: 5269

Re: Investing vs working

I’ve been thinking of some divide between an investor class and a working class. Those whose assets accrue wealth compared to those who only labor for their money. It made me think, will a diligent investor make more on their assets than they will on their labor over the course of a lifetime? I wou...
by ohboy!
Fri Jun 26, 2020 11:31 pm
Forum: Investing - Theory, News & General
Topic: Investing vs working
Replies: 67
Views: 5269

Re: Investing vs working

If there's a tipping point where one makes more investing than from labor it's likely nowhere near the median here in the US. I'm mid-50s, fairly close to a median earner, and also close to average investment holdings for my age (likely above the median, though -- I'm not sure even half of adults i...
by ohboy!
Fri Jun 26, 2020 10:45 pm
Forum: Investing - Theory, News & General
Topic: Investing vs working
Replies: 67
Views: 5269

Investing vs working

I’ve been thinking of some divide between an investor class and a working class. Those whose assets accrue wealth compared to those who only labor for their money. It made me think, will a diligent investor make more on their assets than they will on their labor over the course of a lifetime? I woul...
by ohboy!
Tue Jun 23, 2020 5:21 pm
Forum: Investing - Theory, News & General
Topic: Where to put cash - MM, Sav, CD, Sweep, Muni, Bond
Replies: 8
Views: 1635

Re: Where to put cash - MM, Sav, CD, Sweep, Muni, Bond

Various ways of thinking about cash. a) Hold your nose and accept the low yields in your savings/checking account and/or money market fund. b) Move your cash assets around to the best alternatives: no penalty CDs, high-yield savings, etc. c) Play the bonus game and move your cash assets to banks/br...
by ohboy!
Mon Jun 22, 2020 10:40 am
Forum: Investing - Theory, News & General
Topic: The long-term bearish case against real estate - both commercial and residential REITs
Replies: 20
Views: 1904

Re: The long-term bearish case against real estate - both commercial and residential REITs

Man REET is getting hammered compared to VNQ. Are they not supposedly comparable vehicles?
by ohboy!
Mon Jun 22, 2020 10:36 am
Forum: Personal Finance (Not Investing)
Topic: JPM Chase Reserve Card gets more expensive
Replies: 469
Views: 41938

Re: JPM Chase Reserve Card gets more expensive

Had a good amount of points for years and was traveling a lot but my points are flying off the shelf paying for food at 1.5x. It's good because now I'm motivated to get more points.
by ohboy!
Mon Jun 22, 2020 9:05 am
Forum: Investing - Theory, News & General
Topic: The long-term bearish case against real estate - both commercial and residential REITs
Replies: 20
Views: 1904

Re: The long-term bearish case against real estate - both commercial and residential REITs

I don’t understand REITs as any significant part of AA when owning a home in a city you want to be in or is priced equivalent. They seem like an unnecessary play/gamble. The reason I think you overlook to be bearish long-term on real-estate is that I believe the upcoming generations are losing inter...
by ohboy!
Tue Jun 16, 2020 6:06 pm
Forum: Investing - Theory, News & General
Topic: Is Stock Market becoming Casino ?
Replies: 42
Views: 3794

Re: Is Stock Market becoming Casino ?

Check out r/walstreetbets (reddit)

Accessibility to leverage for the avg retail investor is probably some of the culprit for volatility.
by ohboy!
Tue Jun 16, 2020 1:10 pm
Forum: Investing - Theory, News & General
Topic: Could a fall in the dollar hurt your plan?
Replies: 32
Views: 1505

Re: Could a fall in the dollar hurt your plan?

I think some currency risk is reason to diversify with international, precious metals, and cryptocurrency. I fail to understand the logic behind how precious metals and crypto will hold their value when the dollar is falling. How does this work? OP stated to me above that he/she/they does not want ...
by ohboy!
Tue Jun 16, 2020 12:46 pm
Forum: Investing - Theory, News & General
Topic: Could a fall in the dollar hurt your plan?
Replies: 32
Views: 1505

Re: Could a fall in the dollar hurt your plan?

I’m not sure if anyone wants to talk about the how or the whatif’s but this article linked below has more of a look at those. It seems to me this type of thread brings out a lot of flag waving, and defensive topic diversions. This piece appears to be written by Mr Roach. https://www.google.com/amp/s...