Search found 1459 matches

by dknightd
Sun Apr 21, 2019 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Can one own a Porsche 911 that is not a money pit?
Replies: 28
Views: 2722

Re: Can one own a Porsche 911 that is not a money pit?

You should plan to loose 50%. You might not, but that is what I'd plan on.
by dknightd
Sun Apr 21, 2019 10:52 pm
Forum: Personal Investments
Topic: Tapping into Roth to buy a house
Replies: 20
Views: 1280

Re: Tapping into Roth to buy a house

I would not give up Roth space, to buy another rental house.
by dknightd
Sun Apr 21, 2019 10:34 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 226
Views: 27957

Re: Roll Call for the Retirement Class of 2019!

6 more weeks. Not that I'm counting ;)
by dknightd
Sun Apr 21, 2019 10:13 pm
Forum: Personal Consumer Issues
Topic: Apple MacBook Air - what to do next.
Replies: 45
Views: 2608

Re: Apple MacBook Air - what to do next.

My beloved Apple MacBook Air is starting to struggle to hold a charge. I suppose the next move would be to take it to the Apple Genius bar (not sure if that is the right name or not lol) and they might either service it there or send it out. Where I live, this is something of a huge hassle due to d...
by dknightd
Sun Apr 21, 2019 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Notice of Pendency of Class Action
Replies: 5
Views: 654

Re: Notice of Pendency of Class Action

If you do not remember, and have not suffered a loss you can document, or even remember. Delete it. The email says you might be part of a class action suit. Might being the operative word. That said, I got a letter like this once. Before email existed. VW ended up reimbursing me for the cost of a va...
by dknightd
Sun Apr 21, 2019 9:51 pm
Forum: Personal Consumer Issues
Topic: Luxury car recommendations?
Replies: 103
Views: 7763

Re: Luxury car recommendations?

Cadillac :)
by dknightd
Sun Apr 21, 2019 9:46 pm
Forum: Personal Consumer Issues
Topic: fun car advice
Replies: 119
Views: 7497

Re: fun car advice

I am looking for a fun to drive roadster or coupe and hoping to get some advice. Here is the criteria I am willing to spend up to $50k give or take a bit for a car that will not depreciate any further and may actually gain in value over the years. Ideally not extremely difficult to do basic mainten...
by dknightd
Sat Apr 20, 2019 12:17 pm
Forum: Personal Consumer Issues
Topic: Washing Machine that uses a LOT of Water
Replies: 73
Views: 4071

Re: Washing Machine that uses a LOT of Water

I understand that government water restrictions are increasing and that some people are able to get their clothes clean within these restrictions. However, it seems like many consumers are unhappy with their cleaning results, specifically due to the lack of water. Does anyone have any specific reco...
by dknightd
Sat Apr 20, 2019 8:52 am
Forum: Personal Finance (Not Investing)
Topic: What is the Magic Formula for when One can RETIRE ?
Replies: 21
Views: 2731

Re: What is the Magic Formula for when One can RETIRE ?

It is not my intent to enrage anyone here and I am not bragging by any means it appears my money is peanuts compared to others here anyway. I own a home (paid off) in a good part of Las vegas valued at 250k I rent out 3 of the rooms (well only 2 now while I fix the disaster left by the last roomie)...
by dknightd
Sat Apr 20, 2019 8:01 am
Forum: Personal Investments
Topic: Invest 529 or taxable account?
Replies: 25
Views: 1772

Re: Invest 529 or taxable account?

I don't think it matters for FAFSA if the money is in 529 or taxable account. Last I looked, which was years ago now, both counted as parental assets. Assets they expected you to use some of to support your child in school. I took advantage of the tax advantage of 529 plans. Honestly I'm not sure it...
by dknightd
Sat Apr 20, 2019 7:53 am
Forum: Investing - Theory, News & General
Topic: In which companies do you own a single share, or token amount, of stock?
Replies: 75
Views: 3956

Re: In which companies do you own a single share, or token amount, of stock?

I used to own a couple shares of Apple. Sold them years ago when I needed the money. Probably should have kept them ;)
by dknightd
Sat Apr 20, 2019 7:16 am
Forum: Personal Investments
Topic: Thinking about selling stocks near all time highs
Replies: 96
Views: 8367

Re: Thinking about selling stocks near all time highs

If you want to change your AA, now is as good a time as any. 90/10 is still pretty aggressive! I don't think I could stomach higher than 70/30. But that is just me. Pick your AA. Changing it as you age, or your risk tolerance changes, seems reasonable to me.
by dknightd
Thu Apr 18, 2019 6:37 pm
Forum: Personal Consumer Issues
Topic: Car Battery
Replies: 62
Views: 4415

Re: Car Battery

Hello, I am planning to be away for a few months while my car is not going to be used. Since some BHs may have experienced same issue I was wondering how they handled it. I am thinking about removing the wires from battery terminals so the electronics may not drain the battery. In one previous occa...
by dknightd
Thu Apr 18, 2019 6:15 pm
Forum: Personal Consumer Issues
Topic: What is your hobby and how did it come to be your hobby?
Replies: 88
Views: 6358

Re: What is your hobby and how did it come to be your hobby?

Lately I've been spending time on Bogleheads Forum. Does that count as a hobby? I also spend time on music forums. I like to camp and hike. I also like 4x4 trucks. I've spent time with various RC vehicles over the years. And working with wood, and gardens. I don't think I could pick one hobby. They ...
by dknightd
Thu Apr 18, 2019 6:06 pm
Forum: Personal Investments
Topic: Beginner Investor Questions
Replies: 14
Views: 1016

Re: Beginner Investor Questions

If I might ask one additional question... One of the steps I'm taking is removing active management of my wife's 401k plan through Fidelity, and attempting to invest as closely to Mr. Bogle's recommendations as possible. I'm having a little trouble with this, as I can't find any low-cost stock inde...
by dknightd
Thu Apr 18, 2019 5:57 pm
Forum: Personal Investments
Topic: Beginner Investor Questions
Replies: 14
Views: 1016

Re: Beginner Investor Questions

The first step is really very simple. Do not spend more than you earn. Once you have that figured out the details of how you invest your money can be worked out later. In the early years saving something matters more than where you put that money. You have already figured out the low cost thing. Try...
by dknightd
Thu Apr 18, 2019 5:42 pm
Forum: Personal Consumer Issues
Topic: Controlling Ivy on walls
Replies: 26
Views: 1444

Re: Controlling Ivy on walls

Once a year should keep it under control. At least that has been my experience. Your Ivy may vary.
by dknightd
Thu Apr 18, 2019 5:35 pm
Forum: Investing - Theory, News & General
Topic: Hedging against hyperinflation scenario
Replies: 47
Views: 2975

Re: Hedging against hyperinflation scenario

My thinking is to invest globally. Then if hyperinflation hits your country you have oversee's investments to help balance things out. But really it is all paper or electronic wealth. Probably the best thing to do is know your neighbors, and have them owe you a favor.
by dknightd
Wed Apr 17, 2019 5:50 am
Forum: Personal Finance (Not Investing)
Topic: How to take advantage of unexpected 0%/Negative Federal space in a strange year of large credits
Replies: 19
Views: 828

Re: How to take advantage of unexpected 0%/Negative Federal space in a strange year of large credits

I think you can carry forward the unused solar tax credit (assuming it is offered again next year).

edit: I could be wrong. I'm not a tax expert. So double check this!
by dknightd
Mon Apr 15, 2019 8:52 pm
Forum: Personal Investments
Topic: $1.1 million rental portfolio, but tired of being a landlord
Replies: 87
Views: 10534

Re: $1.1 million rental portfolio, but tired of being a landlord

Scenario: - Individual investor owns 10 single-family rental properties. The total market value of all the properties is about $1.1 million. - The investor depends on this $40k-$50k per year to pay for living expenses, because the investor currently doesn't have a full-time job. Remember that the i...
by dknightd
Mon Apr 15, 2019 8:35 pm
Forum: Personal Investments
Topic: $1.1 million rental portfolio, but tired of being a landlord
Replies: 87
Views: 10534

Re: $1.1 million rental portfolio, but tired of being a landlord

If all you have is $1.1M in depreciated real estate. It could be enough, or not. It depends on how much you like to spend
by dknightd
Mon Apr 15, 2019 7:54 pm
Forum: Personal Investments
Topic: $1.1 million rental portfolio, but tired of being a landlord
Replies: 87
Views: 10534

Re: $1.1 million rental portfolio, but tired of being a landlord

My sister and I go back and forth on this. She has made good money being a landlord. It was essentially her "job". Now her husband has decided to retire from his regular job. So will help her out with the rentals. So really neither of them has really "retired". I can't blame them. They are making go...
by dknightd
Mon Apr 15, 2019 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14105

Re: In Laws Retirement Nest Egg

Likely they will be fine. Don't worry about it until you need to
by dknightd
Mon Apr 15, 2019 6:59 pm
Forum: Personal Investments
Topic: Would it be better to invest my cash in VMFXX or VMSXX ?
Replies: 6
Views: 1236

Re: Would it be better to invest my cash in VMFXX or VMSXX ?

If I did not know what to do, and I don't, I'd split 50/50
by dknightd
Mon Apr 15, 2019 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads, why won't anyone hire me?
Replies: 194
Views: 17462

Re: Bogleheads, why won't anyone hire me?

I'll admit, I got my first real job many many years ago. So I do not know how things work today. When they asked what are you good at, I listed learning new things quickly. That got my toe in the door. When I look at new potential hires I look at what they might do. Education matters, but is only pa...
by dknightd
Mon Apr 15, 2019 6:15 am
Forum: Personal Consumer Issues
Topic: French Door Refrigerator Recommendations?
Replies: 38
Views: 2524

Re: French Door Refrigerator Recommendations?

Interesting to read about Samsung problems. We have a 2010 Samsung (RF4287 series) that has been working great. The only problem we have with it is we don't use much ice. So occasionally the ice gets pushed toward the front of the dispenser, and it makes more ice in the back. Every once in a while I...
by dknightd
Sun Apr 14, 2019 10:48 am
Forum: Personal Investments
Topic: If you have plenty of money, why not 100% stocks in retirement?
Replies: 107
Views: 6986

Re: If you have plenty of money, why not 100% stocks in retirement?

If I had plenty, or too much, money. I'd probably buy an SPIA that would more than cover my expected expenses. Then leave the rest in an 80/20 portfolio. Sounds like you can do whatever makes you happy. So, be happy! I'm 15-25 years from retirement. This isn't a question about what I do today, but ...
by dknightd
Sun Apr 14, 2019 10:41 am
Forum: Personal Investments
Topic: If you have plenty of money, why not 100% stocks in retirement?
Replies: 107
Views: 6986

Re: If you have plenty of money, why not 100% stocks in retirement?

If I had plenty, or too much, money. I'd probably buy an SPIA that would more than cover my expected expenses. Then leave the rest in an 80/20 portfolio. Sounds like you can do whatever makes you happy. So, be happy!
by dknightd
Sun Apr 14, 2019 10:12 am
Forum: Investing - Theory, News & General
Topic: Thrift Savings Plan expenses rising
Replies: 50
Views: 4047

Re: Thrift Savings Plan expenses rising

According to the latest TSP Highlights newsletter , net expenses are now 0.040-0.041%, up from 0.032-0.033% last year and 0.038% the year before. A small increase, certainly, but I hope the Federal Retirement Thrift Investment Board (FRTIB) manages to implement some of the new withdrawal options wi...
by dknightd
Sun Apr 14, 2019 9:46 am
Forum: Personal Consumer Issues
Topic: Soon to be dad, how to prepare
Replies: 127
Views: 5915

Re: Soon to be dad, how to prepare

Know how to get to your hospital of choice. Keep gas in your car. Know where to park once you get there. Keep money in your wallet. Know how to get from parking lot to birthing area. Have an infant car seat available for the trip home. Some diapers might be a good idea. Take a deep breath. Take anot...
by dknightd
Sat Apr 13, 2019 11:31 am
Forum: Personal Investments
Topic: Is the disaster scenario for stocks a reason not to invest or pull out of the market?
Replies: 94
Views: 6856

Re: Is the disaster scenario for stocks a reason not to invest or pull out of the market?

If the disaster scenario for investing in stocks they drop 50% the day after you invest and don't recover for 3-5 years is that really a reason to be going to cash or avoid putting new money into equities? Or do people have an even more dire scenario in mind? I think you should work One More Year ;...
by dknightd
Sat Apr 13, 2019 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Relocating to Seattle from Baltimore Area
Replies: 86
Views: 3876

Re: Relocating to Seattle from Baltimore Area

do what makes you happy
by dknightd
Sat Apr 13, 2019 10:20 am
Forum: Personal Investments
Topic: Is the disaster scenario for stocks a reason not to invest or pull out of the market?
Replies: 94
Views: 6856

Re: Is the disaster scenario for stocks a reason not to invest or pull out of the market?

If the disaster scenario for investing in stocks they drop 50% the day after you invest and don't recover for 3-5 years is that really a reason to be going to cash or avoid putting new money into equities? Or do people have an even more dire scenario in mind? I assume my stock holdings could drop i...
by dknightd
Sat Apr 13, 2019 10:03 am
Forum: Personal Investments
Topic: Is the disaster scenario for stocks a reason not to invest or pull out of the market?
Replies: 94
Views: 6856

Re: Is the disaster scenario for stocks a reason not to invest or pull out of the market?

If the disaster scenario for investing in stocks they drop 50% the day after you invest and don't recover for 3-5 years is that really a reason to be going to cash or avoid putting new money into equities? Or do people have an even more dire scenario in mind? I think you should work One More Year ;)
by dknightd
Sat Apr 13, 2019 9:57 am
Forum: Personal Consumer Issues
Topic: Soon to be dad, how to prepare
Replies: 127
Views: 5915

Re: Soon to be dad, how to prepare

Take deep breaths.
by dknightd
Sat Apr 13, 2019 9:27 am
Forum: Personal Investments
Topic: ORP says I should stop all pre-tax contribs
Replies: 75
Views: 5858

Re: ORP says I should stop all pre-tax contribs

I don't understand those numbers, It looks like you plan to leave $1M to your heirs. I put in $2m (current dollars). The reason for this is because the only ways (as per James Welch) to put a ceiling on disposable income in the tool is to enter a desired estate value at death. Otherwise it will ful...
by dknightd
Sat Apr 13, 2019 9:17 am
Forum: Personal Investments
Topic: ORP says I should stop all pre-tax contribs
Replies: 75
Views: 5858

Re: ORP says I should stop all pre-tax contribs

I don't understand those numbers, It looks like you plan to leave $1M to your heirs.
by dknightd
Sat Apr 13, 2019 8:45 am
Forum: Personal Investments
Topic: ORP says I should stop all pre-tax contribs
Replies: 75
Views: 5858

Re: ORP says I should stop all pre-tax contribs

I find I-ORP to be a very very useful tool. I hope somebody keeps it alive after James passes (He is older than me). I find it particularly useful for "what if" analysis. I put it various possible options, then see what it computes. By varying some parameters your results can change quite a bit. Oth...
by dknightd
Thu Apr 11, 2019 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads, why won't anyone hire me?
Replies: 194
Views: 17462

Re: Bogleheads, why won't anyone hire me?

maybe you can get a job with this outfit

https://www.northcarolinafc.com/
by dknightd
Thu Apr 11, 2019 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a $1mil home?
Replies: 64
Views: 8080

Re: Can we afford a $1mil home?

I think you can probably afford the home. The question is do you want to? Sounds like it might be stretching things, especially if one of you wants to back to school. My rule of thumb is you want to be in a house for at least 5 years. If you do not know where you will be in 3-5 years just keep renti...
by dknightd
Thu Apr 11, 2019 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads, why won't anyone hire me?
Replies: 194
Views: 17462

Re: Bogleheads, why won't anyone hire me?

The way I read this thread is OP went to school for awhile, some years ago. All job experience has been soccer related. To me it sounds like they do not really want a job, they want to make money on their own. I suspect this comes across in cover letter and resume. Maybe you can put together a socce...
by dknightd
Wed Apr 10, 2019 11:42 am
Forum: Personal Consumer Issues
Topic: Add more value to undergrad application during high school
Replies: 42
Views: 2050

Re: Add more value to undergrad application during high school

Get better grades. Do better on the tests. Take math and physics.

edit: get good letters of recommendation.
by dknightd
Wed Apr 10, 2019 8:32 am
Forum: Personal Finance (Not Investing)
Topic: What? No Income?
Replies: 62
Views: 6933

Re: What? No Income?

I think this is going to be the hardest thing for me to adjust to. Changing from a saver to a spender. I'm not worried about what I'll do with my time. I'm not too worried that we'll not have enough money. I know that this is what we have been saving for. I'm glad to finally be able to pull the plug...
by dknightd
Wed Apr 10, 2019 8:09 am
Forum: Personal Consumer Issues
Topic: How Much Do You Pay For Haircut?
Replies: 115
Views: 6217

Re: How Much Do You Pay For Haircut?

I've paid for one haircut in my life. I can't remember how much it was. I used to snip the split ends from my pony tail. I'm currently in the buzz cut camp. Can't remember how much the clippers cost, don't know how many times I've used them. I don't know what my wife spends. Although I could look it...
by dknightd
Mon Apr 08, 2019 7:09 pm
Forum: Personal Investments
Topic: Hit your number, retire and boom a correction?
Replies: 67
Views: 7893

Re: Hit your number, retire and boom a correction?

I plan to stop receiving a salary on 9/1/19. I'll be 61. Mark it on your calendar. No doubt stocks will drop that day. I currently have about 25% stocks, 75% other things. After I buy an SPIA, or two or three, and cover my living expenses till I start collecting SS (currently planed at 70) I'll be a...
by dknightd
Mon Apr 08, 2019 6:07 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 226
Views: 27957

Re: Roll Call for the Retirement Class of 2019!

I turned in my paper work today. First day of retirement 9/1/19. Last day of work 5/31/19
by dknightd
Mon Apr 08, 2019 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Hourly vs. retainer for a financial planner
Replies: 64
Views: 3376

Re: Hourly vs. retainer for a financial planner

I guess the first question is how do you charge for your time now? Do you have a flat (annual) fee to do their taxes, or, do you charge hourly? I think if I wanted to get into the business you are suggesting I'd start with an hourly fee. Once they are convinced you add value, and they are willing to...
by dknightd
Mon Apr 08, 2019 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 334
Views: 49219

Re: Does anyone here with net worths north of $1 mil use financial advisors?

Yes I do. He is as good as any of the most respected among you on this forum. I also for 35 years have done the DIY thing for my 401k, SEP, tIRA. Nonetheless, I find it helpful to bounce ideas off my FA on occasion. To my way of thinking, many Bogleheads do struggle somewhat in the areas of decumul...