Search found 684 matches

by AerialWombat
Fri Jul 19, 2019 12:28 pm
Forum: Personal Consumer Issues
Topic: Do you buy cellphone outright or pay over 2 years?
Replies: 69
Views: 2251

Re: Do you buy cellphone outright or pay over 2 years?

I purchase iPhones that are several model years past, and keep about 2 years. I buy either refurbished units or direct from Apple when they closeout last inventory of an old model. Usually spend $200-$300. Always unlocked, and I use them on a MVNO. Typical mobile bill is $10-$20 a month.
by AerialWombat
Fri Jul 19, 2019 11:05 am
Forum: Personal Consumer Issues
Topic: Has anyone seen the documentary "Playing with FIRE?"
Replies: 112
Views: 6704

Re: Has anyone seen the documentary "Playing with FIRE?"

I could FIRE in my home country at about 20K to 30K per year. I pointed out earlier that costs in some countries are much lower than in the US. Thanks for reading the thread before posting. I’m currently living in the US on 34k per year. I live in a brand new construction 1800 sq ft home, with a mo...
by AerialWombat
Thu Jul 18, 2019 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: 1 million in liquid assets or paid off mortgage by 40?
Replies: 60
Views: 5237

Re: 1 million in liquid assets or paid off mortgage by 40?

Finding the right balance between liquidity and returns is largely an individual assessment, and, as such, blanket statements like "always" are inappropriate. +1 Totally agree. This is part of the reason I’ll never be a “real Boglehead”, because there are a couple dogmatic elements that I just can’...
by AerialWombat
Thu Jul 18, 2019 10:58 pm
Forum: Personal Consumer Issues
Topic: Has anyone seen the documentary "Playing with FIRE?"
Replies: 112
Views: 6704

Re: Has anyone seen the documentary "Playing with FIRE?"

Now don't get me wrong, I'm as empathetic as possible to anyone in this situation where life's circumstances gave them no choice. But to voluntarily choose that? I think i'll pass on that! Your life, your choice. My life, my choice. There’s no need to project one’s personal finance lifestyle choice...
by AerialWombat
Thu Jul 18, 2019 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: 1 million in liquid assets or paid off mortgage by 40?
Replies: 60
Views: 5237

Re: 1 million in liquid assets or paid off mortgage by 40?

In my mind it is always better to have cash than property. It is more liquid and flexible. Tell that to a real estate investor. Real estate can provide much more attractive returns than cash. Definitely true in general, but it also depends on the risk tolerance of the real estate investor. I am int...
by AerialWombat
Thu Jul 18, 2019 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Alliance for Lifetime Income / Retirement Income Institute
Replies: 4
Views: 380

Re: Alliance for Lifetime Income / Retirement Income Institute

Ahh, I totally missed the annuity piece. Thanks for catching that. So they’re just a shill.
by AerialWombat
Thu Jul 18, 2019 10:21 pm
Forum: Personal Investments
Topic: Just sat through a wealth-management sales pitch.
Replies: 60
Views: 5934

Re: Just sat through a wealth-management sales pitch.

And I agree with the poster(s) that say this wasn't "practice" this was an out and out fishing expedition meant to take advantage of your relationship with the goal to reel you in. This is a classic sales prospecting strategy. I have sales training books dating back to at least the mi-1960’s that t...
by AerialWombat
Thu Jul 18, 2019 5:42 pm
Forum: Personal Consumer Issues
Topic: Chromebook
Replies: 18
Views: 1094

Re: Chromebook

As others mentioned, a Chromebook needs Internet. With spotty wi-fi, you basically just have an expensive paperweight. I have an Asus E200H for the same purpose. I travel with every expectation that it will be stolen or destroyed. I'm on my second one. It has an Atom processor, similar to many Chrom...
by AerialWombat
Thu Jul 18, 2019 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Alliance for Lifetime Income / Retirement Income Institute
Replies: 4
Views: 380

Alliance for Lifetime Income / Retirement Income Institute

I came across this non-profit organization today for the first time. Their website is beautiful, and filled with talk about the pending retirement crisis, and trying to increase financial literacy in relation to retirement planning topics. However, the "member companies" of this "non-profit" are all...
by AerialWombat
Thu Jul 18, 2019 8:10 am
Forum: Personal Finance (Not Investing)
Topic: College cost prediction and savings for 5, 3, and newborn
Replies: 101
Views: 4999

Re: College cost prediction and savings for 5, 3, and newborn

Utah is wonderful. ND and SD? Not so much What?!?!?!?! SD is beautiful. Well, OK, the westernmost 1/4 is. Plus, dirt cheap COL, low insurance costs, no income tax, great business climate, decent weather most of the time. SD is easily one of the five best states in the Union. Come visit sometime, yo...
by AerialWombat
Thu Jul 18, 2019 1:51 am
Forum: Personal Investments
Topic: Those that have an "Anti-Boglehead" investment account, what are your "risky" plays?
Replies: 123
Views: 10748

Re: Those that have an "Anti-Boglehead" investment account, what are your "risky" plays?

heyyou wrote: ↑ Entire portfolio is ten equal slices of various foreign and domestic index funds. Not as high risk as individual stocks but far from a cap-weighted total market fund. Sector funds? No, foreign and domestic index funds with a little emerging markets, large cap and small cap, blend an...
by AerialWombat
Wed Jul 17, 2019 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: 1 million in liquid assets or paid off mortgage by 40?
Replies: 60
Views: 5237

Re: 1 million in liquid assets or paid off mortgage by 40?

Some people think having a paid off mortgage provides financial security. I think having a valuable pile of securities provides financial security. You can sell those securities to provide hamburgers. Try converting your fully paid off guest room to hamburgers. True-but also true, if your mortgage ...
by AerialWombat
Wed Jul 17, 2019 11:45 pm
Forum: Personal Investments
Topic: Those that have an "Anti-Boglehead" investment account, what are your "risky" plays?
Replies: 123
Views: 10748

Re: Those that have an "Anti-Boglehead" investment account, what are your "risky" plays?

heyyou wrote:
Wed Jul 17, 2019 11:40 pm
Entire portfolio is ten equal slices of various foreign and domestic index funds. Not as high risk as individual stocks but far from a cap-weighted total market fund.
Sector funds?
by AerialWombat
Wed Jul 17, 2019 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: 1 million in liquid assets or paid off mortgage by 40?
Replies: 60
Views: 5237

Re: 1 million in liquid assets or paid off mortgage by 40?

With a million in liquid assets, I’d be set for life, so that’s a no brainer for me personally. I could put it all into an ultra-conservative portfolio, mostly TIPS, Treasuries, CD’s, short-term bonds, something of that nature, and live off it forever.
by AerialWombat
Wed Jul 17, 2019 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: College cost prediction and savings for 5, 3, and newborn
Replies: 101
Views: 4999

Re: College cost prediction and savings for 5, 3, and newborn

It’s possible to complete a regionally accredited 4-year degree entirely remotely, for less than $10k, and in less than 6 months. Can you share some links? I hadn't heard of a bachelor degree in six months being offered anywhere. It’s not a specific “offering”, it’s simply highly motivated people t...
by AerialWombat
Wed Jul 17, 2019 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: College cost prediction and savings for 5, 3, and newborn
Replies: 101
Views: 4999

Re: College cost prediction and savings for 5, 3, and newborn

Utah is wonderful. ND and SD? Not so much What?!?!?!?! SD is beautiful. Well, OK, the westernmost 1/4 is. Plus, dirt cheap COL, low insurance costs, no income tax, great business climate, decent weather most of the time. SD is easily one of the five best states in the Union. Come visit sometime, yo...
by AerialWombat
Wed Jul 17, 2019 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: College cost prediction and savings for 5, 3, and newborn
Replies: 101
Views: 4999

Re: College cost prediction and savings for 5, 3, and newborn

So there is the ability right now for colleges to offer courses for very cheap. Will they do so? Likely not until they're forced to by their peers doing so and pricing them out of the market for new students. I do think this is coming and that college costs are going to go off a ledge and become mu...
by AerialWombat
Wed Jul 17, 2019 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Tenant turned off all utilities advice please!!
Replies: 83
Views: 6816

Re: Tenant turned off all utilities advice please!!

It's situations like this that make me glad that I'm not a landlord. Oh heck yes... i remember the thread a few weeks ago, “why wouldn’t you want to be a landlord?” ... and many of us replied with situations like this... and OP was giving the Pikachu mouth wide open meme... As a landlord, one simpl...
by AerialWombat
Tue Jul 16, 2019 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Do you care about your home appreciating?
Replies: 91
Views: 4693

Re: Do you care about your home appreciating?

Every house I buy is an investment property. I do not now and never will have a "forever home". As such, I absolutely want each house to appreciate.
by AerialWombat
Tue Jul 16, 2019 7:59 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 11060
Views: 1939605

Re: U.S. stocks in free fall

J G Bankerton wrote:
Tue Jul 09, 2019 1:51 pm
True but we can't get a good free-fall going.
S&P500 down 10pts today. The free fall has begun! 8-)
by AerialWombat
Mon Jul 15, 2019 6:37 pm
Forum: Personal Investments
Topic: Poor financial advisor performance
Replies: 71
Views: 3846

Re: Poor financial advisor performance

Based on the information provided, OP sounds like a good candidate for Vanguard PAS. Having an advisor will help with the behavioral finance challenge, but reduce the AUM fee to 0.3%.
by AerialWombat
Sun Jul 14, 2019 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: Health Care Options Until Age 65?
Replies: 25
Views: 2596

Re: Health Care Options Until Age 65?

You can try Medishare, reviews and YouTube videos giving feedback. Not insurance but faith based cost share arrangement for members. https://www.medishare.com/ Supposedly economical alternative to ACA and healthcare.gov Would be interested if others have experience with MediShare. I have been a mem...
by AerialWombat
Sun Jul 14, 2019 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Will your investments be enough to cover ALF/misc.medical costs/etc.so there is no burden to your children?
Replies: 89
Views: 4279

Re: Will your investments be enough to cover ALF/misc.medical costs/etc.so there is no burden to your children?

rossington wrote:
Sun Jul 14, 2019 5:31 pm
Plan makes sense to me.... but should you become incapacitad in any way do you have an executor, etc. to assist with the RE transactions?
Yes. Primary is my mother’s husband, backup is my best friend. Both are financially savvy, the latter is a real estate broker.
by AerialWombat
Sun Jul 14, 2019 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Invest in career change to Accounting for 37 yr old? Would it be foolish?
Replies: 145
Views: 7186

Re: Invest in career change to Accounting for 37 yr old? Would it be foolish?

ssquared87 wrote:
Sun Jul 14, 2019 8:51 pm
57% of hiring managers said they’d hire someone who trained through a boot camp.
I’ve hired four boot camp graduates — our entire dev staff — and they have worked out great. Definitely a viable option.
by AerialWombat
Sun Jul 14, 2019 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Will your investments be enough to cover ALF/misc.medical costs/etc.so there is no burden to your children?
Replies: 89
Views: 4279

Re: Will your investments be enough to cover ALF/misc.medical costs/etc.so there is no burden to your children?

Sandtrap wrote:
Sun Jul 14, 2019 9:57 am
Life has a way of re-adjusting our expiration date.
True, but it would take some serious advancements in medical science to overcome my expiration date. So, I just accept it, and enjoy another round. :sharebeer
by AerialWombat
Sun Jul 14, 2019 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Will your investments be enough to cover ALF/misc.medical costs/etc.so there is no burden to your children?
Replies: 89
Views: 4279

Re: Will your investments be enough to cover ALF/misc.medical costs/etc.so there is no burden to your children?

What is your plan? Have you thought about it? If you plan to draw down your retirement portfolio it may be wise to consider this. I have no known children, no family I’m close with, and anticipate only living to my mid-60’s at best. My medical directives include DNR and “do not treat” for any life-...
by AerialWombat
Sat Jul 13, 2019 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Invest in career change to Accounting for 37 yr old? Would it be foolish?
Replies: 145
Views: 7186

Re: Invest in career change to Accounting for 37 yr old? Would it be foolish?

you sit at a desk 50-60 hours a day, and it is assume you just sit, no breaks, no taking a walk, or anything, they basically want you chained to your desk. Not if you own the firm. :wink: Have you considered hanging out your own shingle? Life is much better in private practice, in my humble opinion.
by AerialWombat
Sat Jul 13, 2019 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Invest in career change to Accounting for 37 yr old? Would it be foolish?
Replies: 145
Views: 7186

Re: Invest in career change to Accounting for 37 yr old? Would it be foolish?

It sounds like you like working with your hands and problem solving...so maybe look at another high paying trade like Electrician. Either commercial or residential electrical work can include problem solving, blueprint reading/design, etc and it's a good paying job. I'm entirely not interested in a...
by AerialWombat
Sat Jul 13, 2019 3:18 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 27057

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

If anyone is working part time at that point, that can really change the assumptions and models. It's impossible for me to even imagine not working at least part-part-time all the way until I'm declared mentally incompetent or plain ol' dead. In reality, I already do work part-time (about 20 hours ...
by AerialWombat
Sat Jul 13, 2019 10:53 am
Forum: Personal Finance (Not Investing)
Topic: What would you charge if you were a FA?
Replies: 29
Views: 1956

Re: What would you charge if you were a FA?

This thread has inspired me. Or, broken the camel's back, as it may be. I don't need the headache of starting yet another company, but entrepreneurism is a disease, likely a chronic one. :wink: I've been contemplating this for nearly six months. Already took the Series 65. Already have a roadmap for...
by AerialWombat
Fri Jul 12, 2019 9:34 am
Forum: Investing - Theory, News & General
Topic: Three most important elements of investment success
Replies: 67
Views: 5549

Re: Three most important elements of investment success

I disagree. I disagreed. You are changing the definition of "wealthy" to suit your desires. If being "wealthy" isn't your goal then that's fine - nothing wrong with that. I was merely stating that if your goal is to become "wealthy" starting with the highest income possible for your circumstances g...
by AerialWombat
Fri Jul 12, 2019 9:08 am
Forum: Investing - Theory, News & General
Topic: For Tracking by Asset Classes is VWAHX 'HiYield' or 'Muni'?
Replies: 7
Views: 351

Re: For Tracking by Asset Classes is VWAHX 'HiYield' or 'Muni'?

It’s just “bonds”. I’m 100% VWALX in taxable.
by AerialWombat
Fri Jul 12, 2019 9:05 am
Forum: Personal Finance (Not Investing)
Topic: What would you charge if you were a FA?
Replies: 29
Views: 1956

Re: What would you charge if you were a FA?

Wouldn't you first need to achieve an accreditation? That would cost both money and time. Or are you imagining just hanging out a shingle and calling yourself a Financial Adviser? One must only pass the Series 65 exam. I took it a few months ago for fun, with zero study, and passed. It was a joke. ...
by AerialWombat
Fri Jul 12, 2019 1:37 am
Forum: Personal Investments
Topic: How do most advisors produce client returns?
Replies: 57
Views: 4040

Re: How do most advisors produce client returns?

Correct. Which is why I’m considering doing it for them. :) Me: “You are paying X. Would you prefer to only pay 1/10th X, and I’ll also throw in Y and Z because I’m a licensed A?” How will you stay in business if you are only charging 1/10th the fee? Assuming the average advisor charges 2%, that's ...
by AerialWombat
Thu Jul 11, 2019 8:34 pm
Forum: Personal Investments
Topic: How do most advisors produce client returns?
Replies: 57
Views: 4040

Re: How do most advisors produce client returns?

Correct. Which is why I’m considering doing it for them. :) Me: “You are paying X. Would you prefer to only pay 1/10th X, and I’ll also throw in Y and Z because I’m a licensed A?” How will you stay in business if you are only charging 1/10th the fee? Assuming the average advisor charges 2%, that's ...
by AerialWombat
Thu Jul 11, 2019 4:32 pm
Forum: Personal Investments
Topic: How do most advisors produce client returns?
Replies: 57
Views: 4040

Re: How do most advisors produce client returns?

Is there any "understanding" that the risk adjusted portfolio will contain at least 12 or so funds? Just complex enough that no client will figure out total ERs, fees, tilt, or be able to compare their returns to anything? I could be wrong, but I think the average person is smart enough to be shown...
by AerialWombat
Thu Jul 11, 2019 4:28 pm
Forum: US Chapters
Topic: Your USER NAME...what does it mean?
Replies: 471
Views: 57243

Re: Your USER NAME...what does it mean?

UpsetRaptor wrote:
Wed Oct 03, 2018 6:28 pm
From a random username generator site. Googled an avatar to match.
Exact same here. Needed it for another site once, and I liked it, so it stuck.
by AerialWombat
Thu Jul 11, 2019 4:25 pm
Forum: Personal Investments
Topic: How do most advisors produce client returns?
Replies: 57
Views: 4040

Re: How do most advisors produce client returns?

Is there any "understanding" that the risk adjusted portfolio will contain at least 12 or so funds? Just complex enough that no client will figure out total ERs, fees, tilt, or be able to compare their returns to anything? I could be wrong, but I think the average person is smart enough to be shown...
by AerialWombat
Thu Jul 11, 2019 4:21 pm
Forum: Personal Investments
Topic: How do most advisors produce client returns?
Replies: 57
Views: 4040

Re: How do most advisors produce client returns?

Advisor - "When you work with me you're getting financial advice AND investment management (including tax loss harvesting and rebalancing.) There's a fee I charge which allows you to put your financial life on auto-pilot and have a go-to resource for any questions related to something in your life ...
by AerialWombat
Wed Jul 10, 2019 4:41 pm
Forum: Personal Investments
Topic: Bond Side (sub) Allocations. @@ What Do You Have? Why? Why Not?
Replies: 36
Views: 1956

Re: Bond Side (sub) Allocations. @@ What Do You Have? Why? Why Not?

I had been considering adding this into my bond side allocation over the past year. . . at least. How has it worked out for you over time? Yes. It's been said that the mortgage REIT's are more bond like. REIT funds seem to be 2/3 of the way between bonds and equities, maybe more. Interesting "critt...
by AerialWombat
Wed Jul 10, 2019 4:28 pm
Forum: Investing - Theory, News & General
Topic: What is a Boglehead and what Investing Lessons can you Learn?
Replies: 5
Views: 712

Re: What is a Boglehead and what Investing Lessons can you Learn?

Excellent reminder to “check myself” against the BH principles.
by AerialWombat
Wed Jul 10, 2019 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Selling a rental property - taxes
Replies: 41
Views: 2096

Re: Selling a rental property - taxes

MarkNYC wrote:
Wed Jul 10, 2019 1:31 pm
This is explained in Code Sec 1250(b)(3).
Thanks for the cite. Learn something new every day!
by AerialWombat
Wed Jul 10, 2019 12:19 pm
Forum: Personal Investments
Topic: Bond Side (sub) Allocations. @@ What Do You Have? Why? Why Not?
Replies: 36
Views: 1956

Re: Bond Side (sub) Allocations. @@ What Do You Have? Why? Why Not?

I'm broadly diversified in domestic junk. Is that an oxymoron? :) I'm 30/70 stocks/bonds in securities. Bond percentages: iShares TR 0-5 YR HIGH YIELD CORP BD ETF (SHYG) - 11% Vanguard High Yield Corporate (VWEHX) - 8% Vanguard Wellesley Income Fund (VWINX) - 6% Fidelity Floating Rate High Income (F...
by AerialWombat
Tue Jul 09, 2019 11:37 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 27057

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

Pretty expensive and painful self-edification if you include residency. For somebody with an extra zero tacked on to the $1.7 million in question, or more, it’s probably an easier bill to swallow. :shock: Lacking such resources, I’d personally be more in the volunteer EMT-B category. :mrgreen:
by AerialWombat
Tue Jul 09, 2019 11:28 pm
Forum: Personal Consumer Issues
Topic: Volunteer suggestions
Replies: 55
Views: 2599

Re: Volunteer suggestions

This is an amazing thread. You’re all quite inspiring!
by AerialWombat
Tue Jul 09, 2019 11:14 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 27057

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

My next career will be driving a big excavator. I talked to a patient in the ED the other day who did that. Basically all he needed was a CDL and on the job training. Totally doable as an encore career. ...and some of us seriously consider med school (or at least PA) for our later years. Oh, the ir...
by AerialWombat
Tue Jul 09, 2019 11:00 pm
Forum: Investing - Theory, News & General
Topic: US and INTL Returns
Replies: 18
Views: 2072

Re: US and INTL Returns

oldzey wrote:
Tue Jul 09, 2019 10:24 pm

Image
This chart clearly illustrates why I choose not to own public equities. Look at that roller coaster. Getting woozy, ooh boy. Gotta sit down. :|
by AerialWombat
Tue Jul 09, 2019 10:11 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 27057

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

My next career will be driving a big excavator. I talked to a patient in the ED the other day who did that. Basically all he needed was a CDL and on the job training. Totally doable as an encore career. ...and some of us seriously consider med school (or at least PA) for our later years. Oh, the ir...
by AerialWombat
Tue Jul 09, 2019 10:02 pm
Forum: Personal Investments
Topic: Frequency of 401k contributions - frontloading versus quateraly
Replies: 13
Views: 761

Re: Frequency of 401k contributions - frontloading versus quateraly

Business owner here, too. I front load the employee contributions to my solo 401k, but make employer contributions monthly, and true up the employer side in December.
by AerialWombat
Tue Jul 09, 2019 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Selling a rental property - taxes
Replies: 41
Views: 2096

Re: Selling a rental property - taxes

I only scanned the thread, but in case nobody else mentioned it: File a 1040-X to amend your 2017 and 2018 returns to claim the depreciation that it appears you didn’t claim. This will result in a small refund check. You will pay depreciation recapture tax whether you claimed the depreciation or not...