Search found 598 matches

by AerialWombat
Tue Jun 25, 2019 8:18 am
Forum: Personal Finance (Not Investing)
Topic: How did you lower your annual expenses?
Replies: 49
Views: 3026

Re: How did you lower your annual expenses?

Ron wrote:
Tue Jun 25, 2019 8:08 am
It requires a bit of thought
What a concept, eh? :)
by AerialWombat
Tue Jun 25, 2019 6:51 am
Forum: Investing - Theory, News & General
Topic: Excluding International All Together?
Replies: 32
Views: 1912

Re: Excluding International All Together?

Here we go again...

Can one of the many other US v ex-US threads just be “pinned” to the top of the board?
by AerialWombat
Mon Jun 24, 2019 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: How did you lower your annual expenses?
Replies: 49
Views: 3026

Re: How did you lower your annual expenses?

Easy peasy: Foreclosure, bankruptcy, live in your car. Boom, expenses reduced! That was the story of my life in 2007-08. Now, I have the opposite problem: I refuse to enjoy the money I earn because I’m too stingy. I’m trying to talk myself into buying something to sit on to put in my living room, li...
by AerialWombat
Mon Jun 24, 2019 4:59 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to offer private equity investments? Thoughts?
Replies: 66
Views: 5402

Re: Vanguard to offer private equity investments? Thoughts?

Since the majority of my paper “wealth” is locked up in private equity, I wouldn’t mind having a Vanguard PE fund to sell some of my shares off to. :)
by AerialWombat
Fri Jun 21, 2019 10:07 am
Forum: Personal Investments
Topic: Asset Allocation - Risk
Replies: 15
Views: 1195

Re: Asset Allocation - Risk

You’ve “won the game”, so theoretically don’t have the need to take risk. Somebody here will inevitably mention whether you are willing to accept a 50% loss on your equity portion. If yes, then you’re fine. Some of us are a “no” — I’m 30% stocks for this reason.
by AerialWombat
Fri Jun 21, 2019 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 522
Views: 42879

Re: Why are you NOT buying rental properties?

With every new post, I am more confused as to what you are trying to accomplish. Your posts are oddly reminiscent of a previous poster (wanderingdoc). Ding, ding, ding. This definitely does sound like WanderingDoc. There was another poster several months ago, similar topic, that also sounded like W...
by AerialWombat
Fri Jun 21, 2019 5:25 am
Forum: Personal Investments
Topic: What percentage of total portfolio in REIT's do you have? Why?
Replies: 161
Views: 8859

Re: What percentage of total portfolio in REIT's do you have? Why?

You've done well. I remember some of your posts on diversification of income streams which I am a proponent of, where possible. I would say that YOU have done well. :) I wish I had the guts to do multi-family development like you did, but I just don’t have the gumption for it. If I did, I honestly ...
by AerialWombat
Thu Jun 20, 2019 10:05 pm
Forum: Personal Investments
Topic: What percentage of total portfolio in REIT's do you have? Why?
Replies: 161
Views: 8859

Re: What percentage of total portfolio in REIT's do you have? Why?

Right this second, REITs are 16% of my publicly traded securities portfolio. That makes it just over half of my allocation to equities (I’m 30/70 stocks/bonds). Reason: I choose to hold an income portfolio. REITs are good for income. Also, since my primary investment is residential rentals and I hav...
by AerialWombat
Thu Jun 20, 2019 9:53 pm
Forum: Personal Consumer Issues
Topic: Carryon luggage for international travel
Replies: 25
Views: 2253

Re: Carryon luggage for international travel

I will second Scottevest. I have two of their Q-Zips and they are literally the only two shirts I ever wear. Also don’t forget that you can buy almost everything— soap, shampoo, razors, etc.— anywhere on Terra. You don’t have to pack it, buy it there. I traveled the world for three years with just a...
by AerialWombat
Wed Jun 19, 2019 3:22 pm
Forum: Investing - Theory, News & General
Topic: Investing in Multiple Streams of Income? (NOT get rich quick)
Replies: 89
Views: 6975

Re: Investing in Multiple Streams of Income? (NOT get rich quick)

Just to be clear... It seems like most people here do NOT invest money into developing extra streams of income. And I'm not referring to savings/investments for retirement. I'm talking about now, during your working years, having income from a source other than your salary/wages. I have had “side h...
by AerialWombat
Sat Jun 15, 2019 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 522
Views: 42879

Re: Why are you NOT buying rental properties?

Rentals really only work if you have a lot of cheap leverage and get price appreciation. Appreciation most certainly is not necessary. The internal rate of return (IRR) from debt paydown alone (paid by tenants) is roughly 10% per year when you buy with 5% down on a 30 year loan. That’s even ignorin...
by AerialWombat
Sat Jun 15, 2019 11:19 pm
Forum: Investing - Theory, News & General
Topic: How have your homes as investments done?
Replies: 213
Views: 21505

Re: How have your homes as investments done?

1. Can I sell it in a couple years and get my money back (exit plan)? 2. Can I flip it and make substantial money to be worth the hassle? 3. Can I rent it out at a minimum net 6% CAP rate if I decide to no longer live in it or, bought as a rental investment? 4. If purchase is intended as a rental i...
by AerialWombat
Sat Jun 15, 2019 11:16 pm
Forum: Personal Consumer Issues
Topic: For those who have a revenue generating website.
Replies: 29
Views: 2923

Re: For those who have a revenue generating website.

Can you comment on where you prefer to obtain domain names, hosting service, and whether or not you use a content management system like Wordpress? My five-figure and six-figure membership sites run on Wordpress, with hosting via Siteground, domains via Namecheap. My almost-but-not-quite seven-figu...
by AerialWombat
Fri Jun 14, 2019 7:56 pm
Forum: Personal Consumer Issues
Topic: Petroleum pipeline on property
Replies: 27
Views: 2229

Re: Petroleum pipeline on property

This would not concern me the least bit. In my current house, which is in a new construction suburban neighborhood, we have: -a primary natural gas pipeline that runs directly through some people's back yards/side yards, within 5 feet of their house foundation -- the pipeline marker signs are perman...
by AerialWombat
Fri Jun 14, 2019 7:46 pm
Forum: Personal Consumer Issues
Topic: Durable non-stick cookware suggestions?
Replies: 30
Views: 2682

Durable non-stick cookware suggestions?

I'm a bachelor that moves every year. When I move, I tend to donate most of my household goods to a thrift store, and buy new stuff for the next house, instead of packing up extra crap. I'd probably be considered an extreme minimalist, the polar opposite of a hoarder (but probably equally crazy!). W...
by AerialWombat
Fri Jun 14, 2019 9:48 am
Forum: Investing - Theory, News & General
Topic: How have your homes as investments done?
Replies: 213
Views: 21505

Re: How have your homes as investments done?

As a retired R/E businessman, I don't consider my home and "investment", although I will purchase it with the same criteria. My existing home was purchased in 2011 at the end of the R/E "dip" on a bank auction and potential "flipper" or retirement home after a complete renovation. Since purchase it...
by AerialWombat
Thu Jun 13, 2019 10:07 pm
Forum: Personal Investments
Topic: Purchasing home with less than 20% downpayment experiences?
Replies: 52
Views: 3368

Re: Purchasing home with less than 20% downpayment experiences?

Since 2015, I’ve done 0%, 0%, 5%, 10%, and closing in a month on a 20%. So far, the mortgage process itself has been just as smooth each time. Fees may be a tiny bit connected to LTV, but I haven’t noticed anything I didn’t expect. I knew going in to the first two that the VA funding fee would be th...
by AerialWombat
Thu Jun 13, 2019 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 318
Views: 23135

Re: Selling home- Demanding Buyer (Repairs)

No. No. No. And no.

I will repeat what I write upthread: WALK.

You knew this buyer was going to continue being a problem child. I don’t comprehend why you continue to play his game.
by AerialWombat
Wed Jun 12, 2019 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: How much is your guys’ fees for your 401k?
Replies: 96
Views: 4803

Re: How much is your guys’ fees for your 401k?

Zero for solo 401k at e*Trade.
by AerialWombat
Wed Jun 12, 2019 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 18754

Re: Paying for rent is throwing away money...myth?

If instead, she invested $80K in the S+P 500 in 1980 and reinvested dividends it would have been worth over $6,000,000 in 2018. I sure wish she rented. *laughing* No, there would not have been $6 million. I would presume that $80k was the purchase price, but that she didn't pay all cash, up front f...
by AerialWombat
Mon Jun 10, 2019 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 37378

Re: For those who earn $500k+ per year. How'd you do that?

I don't think the "talent war" will last all that long, many of these tech companies simply won't be around. One of them just up the road (Canopy), who had poached some of our sales and HR employees, recently laid off 40% of their staff. This is getting off topic probably, but I’ll just say that th...
by AerialWombat
Mon Jun 10, 2019 4:32 pm
Forum: Personal Consumer Issues
Topic: I'm thinking about buying a supercar anyone here done this and feedback?
Replies: 241
Views: 13238

Re: I'm thinking about buying a supercar anyone here done this and feedback?

Before buying, I might suggest renting several for a while. Check out Mile High Rides since you’re in Denver. They have a good rental selection.
by AerialWombat
Mon Jun 10, 2019 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 18754

Re: Paying for rent is throwing away money...myth?

jabberwockOG wrote:
Sat Jun 08, 2019 10:09 pm
wealthy people own real estate, while the poor pay rent.
This might be the single most uninformed statement I have ever seen on this forum.
by AerialWombat
Mon Jun 10, 2019 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 18754

Re: Paying for rent is throwing away money...myth?

Again, I do get it that it's extremely variable, but there must be some rule of thumb. I'm guessing that the number is something like 5%. A $300,000 house would require $15,000 per year, ON AVERAGE, in repairs and maintenance. Just my guess. I use 5% per year maintenance factor on my new constructi...
by AerialWombat
Sun Jun 09, 2019 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 18754

Re: Paying for rent is throwing away money...myth?

It’s difficult to add anything new to threads like this, but I’ll add a third counterpoint, and reiterate the first two: 1). It’s a lifestyle decision and a financial decision. Use the NYT calculator, run the numbers, see what makes sense to you. 2). Understand that when you rent, you ARE paying all...
by AerialWombat
Sun Jun 09, 2019 9:25 am
Forum: Personal Finance (Not Investing)
Topic: How are your 30s financially different than your late 20s?
Replies: 47
Views: 5674

Re: How are your 30s financially different than your late 20s?

Your 30’s could bring things you don’t want to think about, but should. What will you do if a parent needs placement in memory care? What would happen if you got divorced? What if there’s another 2008? By 30, I was divorced, in chapter 7 bankruptcy, and homeless, during the height of the Great Reces...
by AerialWombat
Fri Jun 07, 2019 8:25 pm
Forum: Personal Consumer Issues
Topic: lawn care cost
Replies: 70
Views: 5780

Re: lawn care cost

I read through this thread last night before getting quotes today. Ended up hiring the local “Best of _____ 2018” winner.

Aeration today was $50 for front and back of standard 7500 sq ft lot. Weekly “mow & blow” will be $35, month-to-month billing.
by AerialWombat
Fri Jun 07, 2019 12:52 am
Forum: Personal Finance (Not Investing)
Topic: Tell us your side hustle success stories.
Replies: 68
Views: 6891

Re: Tell us your side hustle success stories.

In high school, I worked the max legal hours (for a kid) building houses. Side hustle was doing local PC repair and wrote a couple shareware programs remember shareware???). While in the military, I ran through a lot of side jobs: Built websites, flipped cars, parking valet, security guard, call cen...
by AerialWombat
Thu Jun 06, 2019 5:56 pm
Forum: Personal Consumer Issues
Topic: Are we downsizing too much?
Replies: 63
Views: 4700

Re: Are we downsizing too much?

It’s all relative. My goal in life is to live in a 120 sq ft “tiny house”, and I’ve lived in my car before. So my current 1800 sq ft is overkill — I use less than half of it. But my folks are looking to move into their retirement home, and insist on something bigger than the 2400 sq ft they've lived...
by AerialWombat
Wed Jun 05, 2019 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 318
Views: 23135

Re: Selling home- Demanding Buyer (Repairs)

This is all one big lawsuit waiting to happen. Reject the counter, kill the whole deal, fire your agent, start over.

I fail to comprehend why this is even a conversation.
by AerialWombat
Wed Jun 05, 2019 5:59 pm
Forum: Investing - Theory, News & General
Topic: US stocks still look better than anywhere else
Replies: 100
Views: 7582

Re: US stocks still look better than anywhere else

Here we go on the U.S./ex. U.S. merry-go-round again. "Bogle was right! Ex-U.S. has gone nowhere for decades! The U.S. is the cat's meow!" etc. etc. "Bogle was just lucky. The EMH says that everything is priced in. You just believe in the ridiculous American 'exceptionalism' argument and past perfo...
by AerialWombat
Wed Jun 05, 2019 5:40 pm
Forum: Investing - Theory, News & General
Topic: How do you talk to investment advisors socially?
Replies: 31
Views: 2045

Re: How do you talk to investment advisors socially?

Due to a new software project I’m working on, I happily engage in these situations. I turn the tables, and offer to sell them our professional planning software built around real estate rather than securities. :sharebeer
by AerialWombat
Wed Jun 05, 2019 5:35 pm
Forum: Personal Consumer Issues
Topic: Being given charity that I don't need
Replies: 45
Views: 3544

Re: Being given charity that I don't need

Just make the check out to “Wombat” and mail to..... :)
by AerialWombat
Wed Jun 05, 2019 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 37378

Re: For those who earn $500k+ per year. How'd you do that?

A Big 4 Advisory Manager in SF is making $160-$180 base with 20-30% bonus. So, up to 230k all-in. Big 4 uses lock-step pay grades so I don't see how any manager / senior manager is exceeding 300k, much less 400k or 500k. I don’t swim in Big 4 waters, but know plenty of partners at IPA 10-100 level ...
by AerialWombat
Wed Jun 05, 2019 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Failed land investments and what to do with it?
Replies: 139
Views: 8983

Re: Low ball offer to buy my useless land, take it or leave it?

I own similar type parcels in two states, and get such letters all the time. They low ball you and flip the land for profit to suckers on eBay and other sites.

Just shred them.
by AerialWombat
Wed Jun 05, 2019 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 318
Views: 23135

Re: Selling home- Demanding Buyer (Repairs)

Based on everything you’ve described, I would have walked from the deal weeks ago.
by AerialWombat
Wed Jun 05, 2019 1:11 am
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house without a garage?
Replies: 95
Views: 5933

Re: Would you buy a house without a garage?

My third rental property, which I lived in myself for a year, has a quirky layout. It was originally a 2 bed, 1 bath, but only two years after original construction back in the 1950’s, the owner built an extension to create a massive master bedroom, and added a master half bath. The problem is that ...
by AerialWombat
Tue Jun 04, 2019 7:02 am
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 37378

Re: For those who earn $500k+ per year. How'd you do that?

I’m surprised at how MD-heavy this thread became. I knew BH was skewed toward medical and tech, but the sheer lack of business owners piping up is surprising to me.

Are there really only two of us? Entrepreneurs, wherefore art thou?
by AerialWombat
Mon Jun 03, 2019 12:59 pm
Forum: Personal Investments
Topic: What percent of your assets do you have in investment property (excluding your personal residence)?
Replies: 73
Views: 3039

Re: What percent of your assets do you have in investment property (excluding your personal residence)?

My target AA is 50/50 real estate/securities, but due to ridiculous appreciation in real estate, I’m closer to 75/25.

I’m in the process of buying door #6.
by AerialWombat
Sat Jun 01, 2019 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 37378

Re: For those who earn $500k+ per year. How'd you do that?

smitcat wrote:
Fri May 31, 2019 10:39 am
Your own business.
+1
by AerialWombat
Sat Jun 01, 2019 1:03 pm
Forum: Personal Consumer Issues
Topic: Does money/lack of money preoccupy you?
Replies: 90
Views: 8578

Re: Does money/lack of money preoccupy you?

In many ways, money has become my hobby. I grew up poor. Spent my 20's poor, bankrupt/homeless at 30. My personal needs are, thus, quite meager out of habit. Also a minimalist by nature (or as a result) -- I move once or twice a year using just my Subaru Outback. Two trips and I'm done. Blah blah bl...
by AerialWombat
Sat Jun 01, 2019 10:07 am
Forum: Investing - Theory, News & General
Topic: How did you all do in the month of May, 2019
Replies: 125
Views: 9808

Re: How did you all do in the month of May, 2019

It was a breakeven month on securities . Probably up a tiny bit on real estate. Nothing to really pay attention to.
by AerialWombat
Fri May 31, 2019 12:04 am
Forum: Personal Finance (Not Investing)
Topic: Fun paid jobs after FIRE
Replies: 171
Views: 14947

Re: Fun paid jobs after FIRE

Read "The 4-Hour Work Week," by Tim Ferris. If you're financially independent, then use your time to pursue a hobby and launch a lifestyle business in any topic or area that interests you. The concept of a lifestyle business is one with flexible time, flexible location, and that is fairly autonomou...
by AerialWombat
Wed May 29, 2019 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 252
Views: 21659

Re: Can I afford this 2.3 million dollar home?

These numbers seem insane. I know what the affordability calculators say, and I know we can find financing, but do normal people find these numbers reasonable or just out of control? Looking for some perspective here. Your income is about 2x mine, and you’re talking about buying one house at a pric...
by AerialWombat
Tue May 28, 2019 12:55 pm
Forum: Personal Investments
Topic: What else can I do to achieve FIRE?
Replies: 58
Views: 4786

Re: What else can I do to achieve FIRE?

Rental properties. Fast track to FIRE if you’re willing to take on the 2nd job of being a landlord.
by AerialWombat
Mon May 27, 2019 11:29 pm
Forum: Investing - Theory, News & General
Topic: Do you have an allocation more conservative than 50/50 ?? What is it? Why? How Bogleheads are getting it done.
Replies: 135
Views: 12015

Re: Do you have an allocation more conservative than 50/50 ?? What is it? Why?

I’m at 30/70 stocks/bonds. Rental properties are my real retirement plan, securities are the backup/supplemental plan. Given past history of being poor/broke/homeless, capital preservation is important to me, psychologically. I don’t have need or willingness to have more in equities. I’m 41.
by AerialWombat
Sun May 26, 2019 5:34 pm
Forum: Personal Consumer Issues
Topic: Port Townsend-Pacific Northwest
Replies: 33
Views: 2570

Re: Port Townsend-Pacific Northwest

My wife and I are considering a summer home in Port Townsend in order to beat the heat in Houston. I am self-employed and in the "I'll never retire" camp, this might be a good transition in case I change my mind. Any thoughts on this area? Port Townsend is a perfect little slice of heaven. I lived ...
by AerialWombat
Sun May 26, 2019 9:28 am
Forum: Investing - Theory, News & General
Topic: What is your U.S./ex-U.S. stock allocation?
Replies: 210
Views: 10682

Re: What is your U.S./ex-U.S. stock allocation?

I don’t have a specific US/Int’l target. Just did the math, turns out I’m 28% ex-US in the tiny sliver of my portfolio that is equities.
by AerialWombat
Sat May 25, 2019 7:50 pm
Forum: Investing - Theory, News & General
Topic: How to retire early by targeting a low/zero balance at the end of life?
Replies: 48
Views: 5291

Re: How to retire early by targeting a low/zero balance at the end of life?

One could make the assumption that after age 70, they only live off Social Security and pension if they have one. Then, retire when their portfolio is big enough to hit zero right when they start SS when it will be the max. For my own situation, I only need my securities portfolio to supply the delt...
by AerialWombat
Sat May 25, 2019 10:19 am
Forum: Investing - Theory, News & General
Topic: REITS no longer cheap
Replies: 5
Views: 1117

Re: REITS no longer cheap

I have a heavy REIT tilt in my securities portfolio, and heartily agree. I'm not adding any more to that pool right now.