Search found 299 matches

by FOGU
Fri Feb 21, 2020 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Having a baby in April 2020 - Whats your best financial advice for a new parent
Replies: 102
Views: 7414

Re: Having a baby in April 2020 - Whats your best financial advice for a new parent

Can anyone recommend some good books to read? Really enjoyed The Simple Path to Wealth and Common Sense Investing and hoping there are 1-2 books that are just as good on parenting and pre-birth. I suggest that you start a new thread with this question. You’ll get more responses that way. Millionair...
by FOGU
Thu Feb 20, 2020 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: A pleasant surprise when I did my taxes
Replies: 7
Views: 2727

Re: A pleasant surprise when I did my taxes

Even better than putting on those washed jeans and finding that fold of five or six 20 dollar bills you left in there.
by FOGU
Thu Feb 20, 2020 4:05 am
Forum: Personal Finance (Not Investing)
Topic: Having a baby in April 2020 - Whats your best financial advice for a new parent
Replies: 102
Views: 7414

Re: Having a baby in April 2020 - Whats your best financial advice for a new parent

Can anyone recommend some good books to read? Really enjoyed The Simple Path to Wealth and Common Sense Investing and hoping there are 1-2 books that are just as good on parenting and pre-birth. I suggest that you start a new thread with this question. You’ll get more responses that way. Millionair...
by FOGU
Thu Feb 20, 2020 3:47 am
Forum: Personal Finance (Not Investing)
Topic: Having a baby in April 2020 - Whats your best financial advice for a new parent
Replies: 102
Views: 7414

Re: Having a baby in April 2020 - Whats your best financial advice for a new parent

You will need to teach your child to sleep. Yes, teach him/her to sleep. This applies a little later on when the baby is more sentient. But it gets important quickly, and a baby who is not trained to go to sleep can seriously impact your quality of life and even your job performance. Maintaining/inc...
by FOGU
Sun Feb 02, 2020 2:22 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 13319
Views: 2248579

Re: U.S. stocks in free fall

EnjoyIt wrote:
Sun Feb 02, 2020 9:25 am
If San Fransisco wins the market will be down on Monday.
If Kansas City wins market will go up.

I have spoken.
Why?
I have asked.
by FOGU
Fri Jan 24, 2020 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance cost
Replies: 95
Views: 5985

Re: Umbrella insurance cost

I am curious why people feel the need to maintain liability limits of $5M? Is there some special activity in which you are engaged? Swimming pool owner Social host liability Here's a story: A few years back, our son asked to host a party for his summer job coworkers. We consented, imagining a dozen...
by FOGU
Thu Jan 23, 2020 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Career Thoughts - Taking a large pay cut
Replies: 39
Views: 3251

Re: Career Thoughts - Taking a large pay cut

We could have a lovely home in this city for under 500K I wouldn't call that a VLCOL or even a LCOL city. Regardless, no salary is worth being miserable. If the pay cut is proportional to the cost of living difference, then go for it. You might find there are other benefits, too, like less traffic,...
by FOGU
Thu Jan 23, 2020 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance cost
Replies: 95
Views: 5985

Re: Umbrella insurance cost

I am curious why people feel the need to maintain liability limits of $5M? Is there some special activity in which you are engaged? Are you an aviator?

Seriously, why the limits? I guess $50 a month is nothing to many people considering the extra protection. Just curious on the thinking.

Thank you.
by FOGU
Thu Jan 23, 2020 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Talk me out of spending my tax refund
Replies: 74
Views: 5201

Re: Talk me out of spending my tax refund

Mlm wrote:
Tue Jan 21, 2020 7:45 pm
There should be a penalty for receiving a refund.
There is. It's the earnings on and growth of the money the government is holding interest free.

UPDATE for OP: Spend the $100 if you want.
by FOGU
Thu Jan 23, 2020 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: $2 million at a young age
Replies: 78
Views: 8631

Re: $2 million at a young age

"While the advice about personal advisors has been mostly to stay away from them, I think consulting a few fee-only personal financers would be a good idea for me in the beginning." In order to evaluate the advice you get from an "advisor" you yourself must be sufficiently knowledgeable. Right now ...
by FOGU
Thu Jan 23, 2020 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: $2 million at a young age
Replies: 78
Views: 8631

Re: $2 million at a young age

When it comes to money, you can (1) keep the money and have it work and grow for you; or (2) spend it on stuff. You can't do both. Some spending is necessary. Most spending that most people do is not necessary. Others have recommended books to jump start your financial education. For a personal fina...
by FOGU
Tue Jan 21, 2020 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Divorced but ex is not pushing for Qdro
Replies: 19
Views: 3031

Re: Divorced but ex is not pushing for Qdro

If I was in that position, I would want to be able to update my estate plan and know what exactly is mine. I’d be afraid my kids would have to fight for something I think they deserve. Better to work this out now, than after you are gone, even if you get a little less than what you think is fair. O...
by FOGU
Tue Jan 21, 2020 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Divorced but ex is not pushing for Qdro
Replies: 19
Views: 3031

Re: Divorced but ex is not pushing for Qdro

I'd definitely talk to a lawyer that's only representing your interests, but it really seems to me the divorce is settled. The amount of time that's passed would make it hard to reopen an issue like that, most any civil suit would have passed the statute of limitations. It really is though a lot of...
by FOGU
Tue Jan 21, 2020 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Divorced but ex is not pushing for Qdro
Replies: 19
Views: 3031

Re: Divorced but ex is not pushing for Qdro

The only result of you contacting the ex or her lawyer and bringing it up now is that you relieve yourself of $200k or $400k or perhaps even more. How does that work to your benefit? It doesn't. Your lawyer says to leave it alone? Listen to your lawyer and leave it alone. If the day comes that a cou...
by FOGU
Tue Jan 21, 2020 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Career change at 47
Replies: 109
Views: 9723

Re: Career change at 47

It's pretty easy to make $20,000 a year as a home inspector. (Probably 2 inspections per week). The best inspectors I work with are former GC's. They know what to look for as far as shoddy work or potential problems down the road. Yes! Came here to suggest this. You're a shoe-in for this kind of jo...
by FOGU
Sat Jan 18, 2020 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Watching the clothes go round
Replies: 7
Views: 2125

Watching the clothes go round

So, did you ever enjoy just watching clothes tumble in the dryer? When I was a college student I washed my clothes at the laundromat and the big coin-operated dryers had glass doors, and I could watch my clothes tumble around. Usually I would study or read a book as the washer and dryer did their th...
by FOGU
Sat Jan 18, 2020 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: My 60 y/o parents have basically 0 for retirement & will have no SS/Medicare
Replies: 166
Views: 16487

Re: My 60 y/o parents have basically 0 for retirement & will have no SS/Medicare

..... if I were in your shoes my only priority would be making sure I don't get roped into their situation in any material way. I agree with this. Don't get roped in. The behavior of your parents as you describe it is highly disordered. Don't let them take you down with them, because they will if y...
by FOGU
Fri Jan 17, 2020 9:59 pm
Forum: Investing - Theory, News & General
Topic: S&P500- A Dozen Years
Replies: 12
Views: 1601

Re: S&P500- A Dozen Years

@mactheriverrat
Nice graph. I remember December 2018, though it is blissfully fading.

I have no memory of the 2015-2016 dip. I was just plunking it in, month by month, as always during that time.
by FOGU
Fri Jan 17, 2020 9:23 pm
Forum: Investing - Theory, News & General
Topic: S&P500- A Dozen Years
Replies: 12
Views: 1601

Re: S&P500- A Dozen Years

I don't remember 2015 being that bad. I guess it pays sometimes to not pay that much attention. I avoided some bad memories.
by FOGU
Fri Jan 17, 2020 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Moving back to the USA - how much liquid do I need?
Replies: 1
Views: 455

Moving back to the USA - how much liquid do I need?

After a dozen years working abroad I will this year be returning to live in the USA. Because my living expenses have been so low while living abroad I maintained very low liquid reserve (Vanguard Prime Money Market). In anticipation of moving back to the USA I have increased my liquid reserve over t...
by FOGU
Fri Jan 17, 2020 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Switch career path for more $
Replies: 7
Views: 1118

Re: Switch career path for more $

Studies show that in your dotage you won't regret the money or career, but if you believe in parenthood you will probably regret not having more kids. Half a million in income as things stand today? Stop worrying so much and take advantage of the opportunity you have to imprint yourself on the baby ...
by FOGU
Wed Jan 15, 2020 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: New Child- Steps to take (will/trust)
Replies: 39
Views: 2261

Re: New Child- Steps to take (will/trust)

Maybe a stupid question: Suppose my spouse and I pass away and we only have one child, why do you need a will/trust? Wouldn't all of our property go to our child by law? As to who takes care of the child and who manages the money, wouldn't it be the closest relative alive, which is my mother? If th...
by FOGU
Wed Jan 15, 2020 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Two Factor Authentication ---Living Abroad
Replies: 58
Views: 2789

Re: Two Factor Authentication ---Living Abroad

OP, google voice 2FA works fine from overseas. Schwab will also add an international phone number to your account so you can authenticate by sms/text. Tell them you spend part of the year abroad, obviously not that you live overseas when you ask for it to be added. They’re fairly expat friendly in ...
by FOGU
Thu Jan 09, 2020 11:48 pm
Forum: Investing - Theory, News & General
Topic: Wiki article on "Importance of Saving Rate"
Replies: 36
Views: 2998

Re: Wiki article on "Importance of Saving Rate"

Congratulations on the fine work. And thank you for it.

If I were the author I would have the text proofread and edited by a native English speaker for grammar, syntax, punctuation, subject/verb agreement, etc.

Maybe throw in a graph to illustrate the relation between saving and ROI.
by FOGU
Fri Jan 03, 2020 11:55 pm
Forum: Investing - Theory, News & General
Topic: Now is a good time to start tracking your net worth.
Replies: 123
Views: 11059

Re: Now is a good time to start tracking your net worth.

I'm curious why some of you do the extra manual work of making it a spreadsheet. There are online tools that do all of this automatically, including expense tracking. Because it is simple and easy to do spreadsheets and I have no interest in being signed up for still another online account I have t...
by FOGU
Fri Jan 03, 2020 10:47 pm
Forum: Investing - Theory, News & General
Topic: Now is a good time to start tracking your net worth.
Replies: 123
Views: 11059

Re: Now is a good time to start tracking your net worth.

My investments and the rest of my life are so simple I can calculate my net worth pretty closely in my head anytime I want to. I don't, however, find it terribly useful for anything. This. Brokerage account(s) Retirement account(s) Checking/short-term saving Real Estate Miscellaneous items of signi...
by FOGU
Fri Dec 27, 2019 11:49 pm
Forum: Investing - Theory, News & General
Topic: The problem with the question "Is now a good time to buy stock?"
Replies: 46
Views: 3090

Re: The problem with the question "Is now a good time to buy stock?"

I'd like to know how many of the people asking this question are currently piling their money into international stocks, which have done more or less nothing over the last 5+ years. Seems like an excellent buying opportunity for those who believe the domestic stock market is overvalued and about to...
by FOGU
Fri Dec 27, 2019 8:23 pm
Forum: Investing - Theory, News & General
Topic: The problem with the question "Is now a good time to buy stock?"
Replies: 46
Views: 3090

Re: The problem with the question "Is now a good time to buy stock?"

I'd like to know how many of the people asking this question are currently piling their money into international stocks, which have done more or less nothing over the last 5+ years. Seems like an excellent buying opportunity for those who believe the domestic stock market is overvalued and about to...
by FOGU
Thu Dec 26, 2019 5:36 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Lowers Expense Ratios on 56 Funds
Replies: 73
Views: 7513

Re: Vanguard Lowers Expense Ratios on 56 Funds

Ping Pong wrote:
Thu Dec 26, 2019 5:34 pm
Why is everyone saying the gap is widening? They haven’t posted the updated expense ratios for the traditional mutual funds yet, so we don’t know what the gap is.
Do you know when that will be announced?
by FOGU
Thu Dec 26, 2019 4:39 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Lowers Expense Ratios on 56 Funds
Replies: 73
Views: 7513

Re: Vanguard Lowers Expense Ratios on 56 Funds

Interestingly, the ER gap between mutual funds and ETF’s continue to widen. Take VXUS vs VTIAX for instance; 0.08 vs 0.11% or a difference larger than 25%. Quite substantial imo and may make it more and more appealing for investors to use ETF’s exclusively. Would I get hit with capital gains by con...
by FOGU
Thu Dec 26, 2019 12:06 am
Forum: Investing - Theory, News & General
Topic: 25 - Moving out of home in 3 months. Just finished grad school - is this a bad idea? Also investment question
Replies: 10
Views: 842

Re: 25 - Moving out of home in 3 months. Just finished grad school - is this a bad idea? Also investment question

Just make a choice and get going. Get on the right road, start working, and course correct as you go. You will have hundreds of these types of decisions to make over the years. Don't get stuck in the mud trying to figure out your entire future with every one. Make the best decision for you based on ...
by FOGU
Sat Dec 21, 2019 5:02 pm
Forum: Investing - Theory, News & General
Topic: Next Level Move that made the difference
Replies: 44
Views: 3513

Re: Next Level Move that made the difference

What move do you think,whether it be financial or professional, made the largest impact on your wealth? By far the biggest move (outside of things I can't control, like being born in the USA, etc.) was pursuing and achieving the education and degrees that have allowed me to earn way more money than...
by FOGU
Sat Dec 21, 2019 4:10 pm
Forum: Investing - Theory, News & General
Topic: What happens if I convert to ETF between dividends?
Replies: 8
Views: 402

Re: What happens if I convert to ETF between dividends?

Somewhat related question. If I buy on the day of the dividend declaration, do I get the dividend? Example: Yesterday, 12/20, I sold one asset, and bought VTSAX minutes later. The dividend declaration date for VTSAX is 12/20. Do I get the dividend on the shares newly purchased on 12/20? " Thanks. I...
by FOGU
Sat Dec 21, 2019 11:53 am
Forum: Investing - Theory, News & General
Topic: What happens if I convert to ETF between dividends?
Replies: 8
Views: 402

Re: What happens if I convert to ETF between dividends?

Somewhat related question.

If I buy on the day of the dividend declaration, do I get the dividend?

Example: Yesterday, 12/20, I sold one asset, and bought VTSAX minutes later. The dividend declaration date for VTSAX is 12/20.

Do I get the dividend on the shares newly purchased on 12/20?

Thanks.
by FOGU
Sat Dec 21, 2019 11:00 am
Forum: Investing - Theory, News & General
Topic: Vanguard funds did not update properly after Dec 20
Replies: 5
Views: 677

Re: Vanguard funds did not update properly after Dec 20

Were any of these possibly related to a distribution? I noticed the following bond fund dropped by 4.5% in a day, probably due to the distribution. I only looked at the first one in your list, and it seemed to have also had a distribution. https://investor.vanguard.com/mutual-funds/profile/distribu...
by FOGU
Sat Dec 21, 2019 9:59 am
Forum: Investing - Theory, News & General
Topic: Vanguard funds did not update properly after Dec 20
Replies: 5
Views: 677

Vanguard funds did not update properly after Dec 20

Did this happen to anyone else? In my Vanguard account the mutual funds did not properly update to reflect the day's trading for Dec 20. To this point on Saturday morning VFIAX, VTSAX and VTIAX do not reflect Friday's closing results. First time I've seen this at Vanguard. Anyone else have this? Tha...
by FOGU
Sat Dec 07, 2019 3:47 pm
Forum: Investing - Theory, News & General
Topic: Total Stock vs. S&P 500
Replies: 54
Views: 5315

Re: Total Stock vs. S&P 500

Just curious if anyone sees anything here. Vanguard S&P, VFIAX, has a share price of $291 as of yesterday. VTSAX is $78. So buying today I would get almost 4 shares of VTSAX for same price that I would get 1 share of VFIAX. If the assets are essentially interchangeable, is there any value to owning...
by FOGU
Sat Dec 07, 2019 9:05 am
Forum: Investing - Theory, News & General
Topic: Total Stock vs. S&P 500
Replies: 54
Views: 5315

Re: Total Stock vs. S&P 500

Just curious if anyone sees anything here. Vanguard S&P, VFIAX, has a share price of $291 as of yesterday. VTSAX is $78. So buying today I would get almost 4 shares of VTSAX for same price that I would get 1 share of VFIAX. If the assets are essentially interchangeable, is there any value to owning ...
by FOGU
Wed Dec 04, 2019 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating Roth Conversion for 2019
Replies: 1
Views: 251

Calculating Roth Conversion for 2019

If you would like to help me calculate my Roth conversion for 2019, I would be most grateful. Best estimate totals for 2019: Schedule C net income (husband) = 62,900 Wife income = 8,000 STCG = 81 LTCG = 18,370 Qualified Dividends: 13,100 Total Self-employment tax paid = 9,200 Married Filing Jointly ...
by FOGU
Thu Nov 28, 2019 9:55 am
Forum: Investing - Theory, News & General
Topic: "A THANKSGIVING WITH JOHN BOGLE"
Replies: 14
Views: 1617

Re: "A THANKSGIVING WITH JOHN BOGLE"

My children were not born in the USA, and so far have never been there. But they are US citizens with all rights, privileges, immunities and duties appertaining thereto. I have a tremendous appreciation for the sentiment expressed by Mr. Bogle in that quote. My family is blessed with opportunities a...
by FOGU
Sun Nov 17, 2019 1:23 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2694
Views: 501104

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

YTD looks really good because it doesn't include October and December of 2018. My 12 month return is 4.4% :shock: Vanguard doesn't do YTD and I don't have enough fingers and toes to figure it on my own. :( Just divide current balance by the starting balance. Example: Jan 1, 2019 balance is 900k. En...
by FOGU
Thu Oct 31, 2019 8:35 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2694
Views: 501104

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

YTD looks really good because it doesn't include October and December of 2018. My 12 month return is 4.4% :shock: Vanguard doesn't do YTD and I don't have enough fingers and toes to figure it on my own. :( Just divide current balance by the starting balance. Example: Jan 1, 2019 balance is 900k. En...
by FOGU
Thu Oct 31, 2019 8:18 pm
Forum: Investing - Theory, News & General
Topic: Best ways to educate self on funds, bonds and options for investing?
Replies: 11
Views: 981

Re: Best ways to educate self on funds, bonds and options for investing?

litquidity wrote:
Thu Oct 31, 2019 9:24 am
I am advising family members on investments
Yikes.
by FOGU
Tue Oct 08, 2019 7:18 pm
Forum: Investing - Theory, News & General
Topic: Trouble logging on to Vanguard in the last week...
Replies: 14
Views: 1520

Re: Trouble logging on to Vanguard in the last week...

Whatever it was, it seems to have cleared up.

Now just the constant promotion of their new international fund.

Serious question: Why would I buy that instead of total international?
by FOGU
Sat Sep 07, 2019 9:23 am
Forum: Investing - Theory, News & General
Topic: Trouble logging on to Vanguard in the last week...
Replies: 14
Views: 1520

Trouble logging on to Vanguard in the last week...

Anyone else experiencing problems logging on to Vanguard in the last week or so? Lots of failures to connect lately for me. Anyone else getting this or know something about what may be happening?

Thank you.
by FOGU
Wed Jul 10, 2019 6:52 am
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 31830

Re: Americans believe they need $1.7 million, on average, to retire

I am just glad to see that there are "normal" people here. The threads with "I have $20M and I don't know if that is enough.." freak me out. I experience a mixture of disgust and laughter at those threads, but the source of those folks angst appears to be concern about maintaining their, relatively...
by FOGU
Sat Jun 29, 2019 12:50 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Money Market (VMMXX)
Replies: 19
Views: 2931

Re: Vanguard Money Market (VMMXX)

How does this fund make its interest payments? Does it payout every month? Also - does interest rate risk apply to money market accounts (just talking about the principal amount invested)? Thanks. Tonight. :sharebeer Didn't hit last night. Are you reinvesting or having it deposited to an outside ac...
by FOGU
Sat Jun 29, 2019 9:17 am
Forum: Investing - Theory, News & General
Topic: Vanguard Money Market (VMMXX)
Replies: 19
Views: 2931

Re: Vanguard Money Market (VMMXX)

SquawkIdent wrote:
Fri Jun 28, 2019 5:35 pm
TerribleGolfer wrote:
Fri Jun 28, 2019 12:31 pm
How does this fund make its interest payments?

Does it payout every month?

Also - does interest rate risk apply to money market accounts (just talking about the principal amount invested)?

Thanks.
Tonight. :sharebeer
Didn't hit last night.
by FOGU
Thu Jun 20, 2019 10:19 pm
Forum: Personal Investments
Topic: Bob Brinker Retirement
Replies: 37
Views: 8419

Re: Bob Brinker Retirement

Was this a facetious post by the OP?