Search found 44 matches

by novolog
Wed Oct 21, 2020 7:34 pm
Forum: Personal Consumer Issues
Topic: Items that are worth the money for the quality
Replies: 408
Views: 26849

Re: Items that are worth the money for the quality

Normchad wrote: Fri Oct 16, 2020 11:36 pm DarnTough socks. Guaranteed for life! I will never pay for socks again as long as I live!
Love these socks. They are more durable than smartwool in my experience.
by novolog
Mon Oct 12, 2020 10:08 pm
Forum: Personal Investments
Topic: Advice: What account is best for young millennial?
Replies: 22
Views: 1806

Re: Advice: What account is best for young millennial?

Vanguard Fidelity & Schwab are all good options.

Fierce competition has made these 3 companies very similar in terms of product offerings/rates.
by novolog
Thu Oct 08, 2020 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Would you rather be the richest or poorest person in town?
Replies: 109
Views: 7968

Re: Would you rather be the richest or poorest person in town?

Quality of public schools is very strongly correlated with price of homes in a given town in the US. In this case the OP seems to thinks schools are roughly the same and I believe OP. But even if they weren't the same - does the difference in school quality really make a huge difference? I'd like to...
by novolog
Thu Oct 08, 2020 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Would you rather be the richest or poorest person in town?
Replies: 109
Views: 7968

Re: Would you rather be the richest or poorest person in town?

We do not own a house and probably won't for a while. For what it's worth I grew up in town B. When we do look at buying a house, I think we will strive to be on the right end of the town bell curve for income, and the left end of the town bell curve for house price. Realistically we will probably f...
by novolog
Tue Oct 06, 2020 7:49 pm
Forum: Personal Consumer Issues
Topic: [Help high school student choose college career]
Replies: 171
Views: 1787

Re: Undergrad College List Options

It seems to be widely understood among med school applicants and med students that the best path to medical school is through an undergrad institution where you can score a 4.0/4.0 GPA while studying organic chemistry (a very difficult class). This basically means you want to avoid elite private sc...
by novolog
Tue Oct 06, 2020 4:21 pm
Forum: Personal Consumer Issues
Topic: [Help high school student choose college career]
Replies: 171
Views: 1787

Re: Undergrad College List Options

My brother is in his second year of medical school at our flagship state school. He attended the flagship state school for undergrad as well. It seems to be widely understood among med school applicants and med students that the best path to medical school is through an undergrad institution where y...
by novolog
Mon Oct 05, 2020 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: How do you keep from getting burned out?
Replies: 70
Views: 7977

Re: How do you keep from getting burned out?

When I was in my late 20s, I worked at some company doing work that wasn’t all that fulfilling. I felt that I needed to go in a different direction. So I went back to school and became a teacher. I’ve been doing that for the past 18 years and really like it. I’m motivated to do as good a job as I c...
by novolog
Sun Oct 04, 2020 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: How do you keep from getting burned out?
Replies: 70
Views: 7977

Re: How do you keep from getting burned out?

I worked in sales for a time, it's a stressful job. It could be worth looking at making a move to another job, there are many that are FAR less stressful than sales. You probably don't even have to look that far within your current company. That said, I think the idea that everyone can find a job th...
by novolog
Sat Oct 03, 2020 6:48 am
Forum: Personal Finance (Not Investing)
Topic: Any suburban SFH investors selling out? [Single Family Home]
Replies: 35
Views: 4162

Re: Any suburban SFH investors selling out?

GoldenFinch wrote: Sat Oct 03, 2020 4:07 am What is SFH?
Single family home
by novolog
Thu Oct 01, 2020 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Six Figure Student Debt
Replies: 84
Views: 6918

Re: Six Figure Student Debt

First off I wish I was making 80k at 23. I would shore up an emergency fund, and put the rest against the loans. I'm not living at home at 23, 24 years old. I wouldn't recommend it to any young adult that can afford not to. A lot of important growth takes place at that age and some of that growth is...
by novolog
Thu Oct 01, 2020 9:02 am
Forum: Investing - Theory, News & General
Topic: "The Psychology of Money" by Morgan Housel
Replies: 40
Views: 8693

Re: "The Psychology of Money" by Morgan Housel

The piece that stuck out to me the most was the idea that different people are playing different games. Some people are playing 30 year games, some 10 year games, some 1 year games, and some 1 day games. It all comes down to how much we discount future utility. The person playing the 1 day game has...
by novolog
Wed Sep 30, 2020 8:41 pm
Forum: Personal Consumer Issues
Topic: Favorite Camping Gear
Replies: 75
Views: 5077

Re: Favorite Camping Gear

Osprey Exos 58 Pack. Ultralight is becoming popular for a reason - it is far more comfortable even for short trips. A negative of ultralight is not having compartments prebuilt within the bag. Getting rid of the compartments gives you more flexibility in how you pack, so to me it's not even a negati...
by novolog
Wed Sep 30, 2020 7:45 pm
Forum: Investing - Theory, News & General
Topic: "The Psychology of Money" by Morgan Housel
Replies: 40
Views: 8693

Re: "The Psychology of Money" by Morgan Housel

Finished the book today. The concept that underpins the entire book seems to be the idea that financial results are more attributed to behavior than to skill/knowledge. I think most bogleheads would agree with everything in the book. The piece that stuck out to me the most was the idea that differen...
by novolog
Thu Sep 17, 2020 11:53 am
Forum: Personal Finance (Not Investing)
Topic: How to get over finance envy
Replies: 377
Views: 51460

Re: How to get over finance envy

I do think being "inner-directed" is the answer for me. In my opinion worrying about others is a waste of my energy, and I strive to focus on my own family. I have noticed that this makes me significantly happier. That does not mean it is necessarily a waste of energy for others, I can only speak fo...
by novolog
Tue Sep 15, 2020 3:03 pm
Forum: Personal Consumer Issues
Topic: Coping with Megacorp rat race
Replies: 168
Views: 16410

Re: Coping with Megacorp rat race

Great thread and just wanted to chime in with some food for thought. From my view, there is a greater probability for middle managers to be subject to downsizing after 3-5 years in their role if they are not on the radar for promotion or advancement. I have seen steady eddies who are effective in t...
by novolog
Fri Sep 04, 2020 9:23 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1760
Views: 230351

Re: Post your Financial Milestone Announcements Here

Its not as exciting as all you 2 comma showoffs :beer but as of last month we officially now have no other debt but our 3.1% mortgage , which now allow us to sock away nearly 30% of gross into tax advantaged (401/457/roth/HSA/529/etc). Puting us on track to hit the second comma in NW in the next 2 ...
by novolog
Thu Sep 03, 2020 10:52 am
Forum: Investing - Theory, News & General
Topic: What is your age and asset allocation ?
Replies: 246
Views: 15505

Re: What is your age and asset allocation ?

28. Roughly 95/5 Stocks/Bonds.

After experiencing the volatility this year I think we would be comfortable with 100% Stocks and we are considering a change.
by novolog
Thu Aug 27, 2020 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Do you talk to your friends/family/coworkers about this stuff?
Replies: 210
Views: 16810

Re: Do you talk to your friends/family/coworkers about this stuff?

We do not discuss our personal finances with anyone (even our parents). I suppose if our parents asked we would give them an idea of where we are at, but they have not. Security through obscurity, especially in the age of the internet. OTOH I am aware of how important it is to have influential peopl...
by novolog
Mon Aug 24, 2020 1:11 pm
Forum: Personal Consumer Issues
Topic: Subaru: Crosstrek or Outback?
Replies: 89
Views: 8295

Re: Subaru: Crosstrek or Outback?

Between crosstrek and outback, outback wins easily. Crosstrek is very very small and expensive. I think much of it's value is in visual appeal.

All that said I would choose the Forester if it's an option (we own a 2020).
by novolog
Fri Aug 21, 2020 9:41 am
Forum: Personal Investments
Topic: How much did you save?
Replies: 102
Views: 13921

Re: How much did you save?

not there yet, but it doesn't take much if you earn 8% per year investing $300 a month from age 25-65 (40 years): =FV(.08/12,480,-300) gives you $1,047,302.35 source: https://www.kitces.com/blog/is-save-for-decades-then-quickly-double-your-money-and-retire-your-unintentional-retirement-advice/ make...
by novolog
Thu Aug 20, 2020 4:07 pm
Forum: Personal Consumer Issues
Topic: Approach to "News" Consumption
Replies: 82
Views: 4521

Re: Approach to "News" Consumption

I read the following: WSJ - subscription I get for free through DW's job. I don't think I would pay for it on my own. Marginal Revolution - very sharp economics blog that is updated daily. Run by Tyler Cowen & Alex Tabarrok. Wikipedia - I cannot stop reading Wikipedia and the associated primary sour...
by novolog
Wed Aug 19, 2020 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1929
Views: 471574

Re: Share your net worth progression

Combined net worth for my wife and I, followed by combined gross income. We are 28 years old. Total Net Worth Total Gross Income 2014 -$48,000 $32,000 (both graduate undergrad) 2015 -$35,000 $97,000 2016 -$5,000 $146,000 2017 $49,000 $165,000 2018 $112,000 $156,000 2019 $177,000 $167,000 2020 $250,0...
by novolog
Fri Jul 17, 2020 9:22 am
Forum: Personal Consumer Issues
Topic: Anyone else love this new working from home thing?
Replies: 89
Views: 6475

Re: Anyone else love this new working from home thing?

DW and I have been working remotely at the family lake-side camp. We have the benefits of many activities that don't require a lot of human interaction (fishing, waterskiing, boating, swimming). Before COVID we worked in an office in a HCOL city, and we spent 3 hours in the car on Friday driving up ...
by novolog
Tue Jun 30, 2020 7:16 pm
Forum: Personal Investments
Topic: Significantly Decrease 401k contributions?
Replies: 17
Views: 1887

Re: Significantly Decrease 401k contributions?

Let’s make the following assumptions: 1) $184k in tax-advantaged accounts with 95% equities (this is actually a reality) 2) Average annual total real return of 5% on said tax-advantaged portfolio over next 30 years 3) We both continue to max out Roth IRAs until we are roughly 40 years old ($12k per...
by novolog
Tue Jun 30, 2020 7:05 pm
Forum: Personal Investments
Topic: Significantly Decrease 401k contributions?
Replies: 17
Views: 1887

Re: Significantly Decrease 401k contributions?

Are you in a high COL area? Your monthly expenses seem high for 2 adults. Are you currently maxing Roth IRA contributions? Looks like you have $700/month after expenses, which is not enough to max both Roths. I agree that you have done very well at your age (my NW was nowhere close to yours at the ...
by novolog
Tue Jun 30, 2020 6:17 pm
Forum: Personal Consumer Issues
Topic: Seeking input on type of family car to purchase and whether to buy new or used
Replies: 37
Views: 1558

Re: Seeking input on type of family car to purchase and whether to buy new or used

We purchased a 2019 Subaru Forester last year, and it seems to hit all your criteria. We bought the base model for roughly 24k which would fall within your price range. It gets around 33mpg, and we do a good bit of city driving. We chose it because it is more spacious than the Rav4 & CR-V competitor...
by novolog
Tue Jun 30, 2020 5:53 pm
Forum: Personal Investments
Topic: Significantly Decrease 401k contributions?
Replies: 17
Views: 1887

Re: Significantly Decrease 401k contributions?

Apologies - I think my income numbers are confusing folks. The pre-tax income number would be if we did not contribute to our 401ks. Almost the entirety of that difference between take-home pay and expenses is going towards tax-advantaged accounts. In other words, we don't have that extra income to...
by novolog
Tue Jun 30, 2020 5:33 pm
Forum: Personal Investments
Topic: Significantly Decrease 401k contributions?
Replies: 17
Views: 1887

Re: Significantly Decrease 401k contributions?

Are you currently maxing 401k contributions? Even if you continue to make the same 401k contributions and max Roth IRA contributions, you could save almost $35k ($10,500 - $6,700 x 12 - $12k for Roth IRAs) in one year and $70k in 2 years. I just don't see why you would need to decrease retirement s...
by novolog
Tue Jun 30, 2020 5:14 pm
Forum: Personal Investments
Topic: Significantly Decrease 401k contributions?
Replies: 17
Views: 1887

Re: Significantly Decrease 401k contributions?

Thank you for the reply 02nz 2. How much of your Roth IRAs is contributions (not growth)? Those can be withdrawn at any time for any reason without penalty. And you can each withdraw $10K in earnings for a first-time home purchase. I would keep this in mind before you back off contributions to the t...
by novolog
Tue Jun 30, 2020 4:30 pm
Forum: Personal Investments
Topic: Significantly Decrease 401k contributions?
Replies: 17
Views: 1887

Significantly Decrease 401k contributions?

Hello Bogleheads, My wife and I have been saving since we graduated college, first to pay down debt, and next to save for retirement. We are at a point in our life where we are planning to have children within the next couple years, and see a need for a house in the next ~5 years. We are considering...
by novolog
Wed May 20, 2020 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: College in fall
Replies: 549
Views: 47414

Re: College in fall

In my opinion an undergraduate degree is primarily valuable as a signal to future employers/society and as a socialization/networking/country club period. I will be interested to see how the COVID crisis affects this market. I could see how a future shift toward online classes could lessen the "pres...
by novolog
Wed May 06, 2020 8:58 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 3208
Views: 552788

Re: What are you up YTD? [Year To Date]

Not sure how that's possible..... do you mean your balance is 12% higher than the start of the year.... just because you bought a lot? That's not really a return. That's just pumping money in. My buy of VOO on March 23 is up 30.1% so it is possible. :greedy That's great.... so is mine. I suppose if...
by novolog
Wed May 06, 2020 7:23 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 3208
Views: 552788

Re: What are you up YTD? [Year To Date]

Up 12% YTD. AA is 95/5. The increase is a result of continued maximum 401k contributions, ESPP purchasing at the bottom of the market (pure luck), and two stimulus checks which were dumped into roth :D Not sure how that's possible..... do you mean your balance is 12% higher than the start of the ye...
by novolog
Tue May 05, 2020 9:02 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 3208
Views: 552788

Re: What are you up YTD? [Year To Date]

Up 12% YTD. AA is 95/5. The increase is a result of continued maximum 401k contributions, ESPP purchasing at the bottom of the market (pure luck), and two stimulus checks which were dumped into roth :D
by novolog
Wed Apr 01, 2020 8:42 am
Forum: Investing - Theory, News & General
Topic: What is your age/AA during this crisis?
Replies: 138
Views: 6782

Re: What is your age/AA during this crisis?

27 years old, married, no kids. Our AA is 95/5, all in tax-advantaged. We keep a 6 months EF that we don't really think of as part of our portfolio. We haven't changed anything, just hoping to keep the income flowing!
by novolog
Thu Apr 18, 2019 12:38 pm
Forum: Personal Consumer Issues
Topic: Final Word from Cyber Security types?-Password Manager for non-techie??
Replies: 43
Views: 2712

Re: Final Word from Cyber Security types?-Password Manager for non-techie??

I work for a cyber security company. The security engineers on my team recommend lastpass if you are not tech-savvy enough to use keepass. I am not an engineer myself.
by novolog
Wed Apr 17, 2019 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Young Couple Seeking Financial Advice From Bogleheads
Replies: 27
Views: 2949

Re: Young Couple Seeking Financial Advice From Bogleheads

I use the 401k entirely for equities, and bonds are kept in the roth. The breakout is below His 401k FXAIX Fidelity 500 Index Fund - Institutional Premium - 57% - ER: .015% FSMDX Fidelity Mid Cap Index Fund - Institutional Premium - 7% - ER: .025% FSSNX Fidelity Small Cap Index Fund - Institutional...
by novolog
Wed Apr 17, 2019 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Young Couple Seeking Financial Advice From Bogleheads
Replies: 27
Views: 2949

Re: Young Couple Seeking Financial Advice From Bogleheads

Thegame14 wrote: Wed Apr 17, 2019 6:24 pm if you live in a VHCOL area, I am surprised the suburbs of a VHCOL area are only $300-$350K for a house.
The neighborhoods in mind are safe, but in terrible school districts. The goal would be to live there while schooling is not a top priority and move to a different location 5-7 years later.
by novolog
Wed Apr 17, 2019 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Young Couple Seeking Financial Advice From Bogleheads
Replies: 27
Views: 2949

Re: Young Couple Seeking Financial Advice From Bogleheads

Thank you again for all the replies :happy they started as a dual income household, they budgeted to live as they only lived off of his income in the event that she (or he) would want to stay at home with the kids. If you want 3-4 kids, then child care becomes a thing. You may be spending the equiva...
by novolog
Wed Apr 17, 2019 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Young Couple Seeking Financial Advice From Bogleheads
Replies: 27
Views: 2949

Re: Young Couple Seeking Financial Advice From Bogleheads

Since the loan amounts are totals not monthly payments just pay them off. They are a trivial part of your finances at this point. Pay them off and celebrate. Attempting arbitrage on a 3.6% loan rate is not going to be hugely beneficial. Good point - I think we will end up paying them off, many of t...
by novolog
Wed Apr 17, 2019 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Young Couple Seeking Financial Advice From Bogleheads
Replies: 27
Views: 2949

Re: Young Couple Seeking Financial Advice From Bogleheads

Thank you all for the replies! :D Im not going to give you advice, but i am amazed to see a 27 year old couple that are spending less than they earn and have written goals. These two things are the building blocks to having success in a marriage and life. I wish you both health and happiness. Thank ...
by novolog
Tue Apr 16, 2019 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Young Couple Seeking Financial Advice From Bogleheads
Replies: 27
Views: 2949

Young Couple Seeking Financial Advice From Bogleheads

Hello Bogleheads, I have been reading this forum for about 3 years without posting much of anything, and I have learned a great deal. My fiancé is also a fan, and has read some as well. This is my first topic. Goal of this topic: We are hoping to gather advice on what we can change in our approach t...
by novolog
Sat Apr 06, 2019 6:20 am
Forum: Personal Consumer Issues
Topic: Video Conferencing: Zoom vs. Cisco, Portable Video Conference Camera
Replies: 8
Views: 599

Re: Video Conferencing: Zoom vs. Cisco, Portable Video Conference Camera

Worked with all of them. Zoom is by far the best product in the category.
by novolog
Fri Aug 31, 2018 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Where to buy engagement ring?
Replies: 61
Views: 6725

Re: Where to buy engagement ring?

I just purchased a lab diamond in a solitaire setting from Brilliant Earth. The service was great. I feel good about the purchase and haven't looked back.