Search found 140 matches

by randybobandy
Sat May 08, 2021 7:31 am
Forum: Personal Investments
Topic: Tips to convince my Dad about Index Funds?
Replies: 57
Views: 3854

Re: Tips to convince my Dad about Index Funds?

You have provided advice and your dad has identified his preferred course of action. I would call it good.

--Randy Bo Bandy
by randybobandy
Wed Apr 14, 2021 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Power of a personal real estate offer letter
Replies: 77
Views: 4869

Re: Power of a personal real estate offer letter

I sold a house a little under a year ago. 4 very similar offers in terms of amount came in the first 2 days. One included a nice letter from a young married couple wanting to start a family and it being a perfect house for them and it would have given them the edge, except for there being an all cas...
by randybobandy
Tue Apr 13, 2021 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a House in Today’s Market
Replies: 16
Views: 2224

Re: Buying a House in Today’s Market

I lived in Michigan for 17 years. 12 in the upper peninsula and 5 in metro Detroit area. A few years of 300+ inches of snow in the upper peninsula and I would say winter is great in Michigan. It is all what you make of it. Being near family is a blessing.

--Randy Bo Bandy
by randybobandy
Sun Mar 28, 2021 6:43 pm
Forum: Personal Investments
Topic: 68yo, considering leaving Vanguard
Replies: 27
Views: 4063

Re: 68yo, considering leaving Vanguard

tibbitts wrote: Sat Mar 27, 2021 6:23 pm
123 wrote: Sat Mar 27, 2021 5:58 pm Some times if you want things done right you have to do them yourself. (See my signature)
Well, it might not be a case of "right"; more like "they way you believe they should be done."
Is there a typo in this?

--Randy Bo Bandy
by randybobandy
Sun Mar 21, 2021 11:45 am
Forum: Personal Investments
Topic: Net Worth and Bitcoin/Crypto
Replies: 60
Views: 6266

Re: Net Worth and Bitcoin/Crypto

Please make an effort with grammar and spelling.

--Randy Bo Bandy
by randybobandy
Fri Mar 19, 2021 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: [Third stimulus payment - mega-thread]
Replies: 372
Views: 27444

Re: Have All 3rd Stimulus Direct Deposits Been Made?

Federal refund received Feb 22nd
3rd stimulus received Mar 16th

--Randy Bo Bandy
by randybobandy
Sat Mar 13, 2021 6:20 pm
Forum: Personal Investments
Topic: I'm a newbie, follow BH investing, but feel left out during stock conversations
Replies: 50
Views: 4627

Re: I'm a newbie, follow BH investing, but feel left out during stock conversations

When one of my coworkers makes a bold prediction behind one of their stock choices, I write it down on my whiteboard that everyone can see. In January I wrote down, "TSLA will be at $1k at the end of March," and that coworker has been less willing to share lately. It's amusing. --Randy Bo ...
by randybobandy
Sat Feb 27, 2021 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off student loans vs investing
Replies: 51
Views: 1875

Re: Pay off student loans vs investing

Thanks for the reply. If I understand your question about what happens over 30 years if I don’t pay it off. Basically I have let’s say 14-19 years left before “forgiveness”. I pay the minimum monthly payment ($425/mo right now but changes every year based on income) for those years (plus god knows ...
by randybobandy
Sat Feb 27, 2021 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off student loans vs investing
Replies: 51
Views: 1875

Re: Pay off student loans vs investing

7% is a killer. I'd want that gone ASAP.

edit to add: I'm not familiar with IBR, but what happens over 30 years to your loan if you invested that 60K instead of paying off the loan? Up 10k over 7 years of payments, not a good thing.

--Randy Bo Bandy
by randybobandy
Fri Feb 26, 2021 9:47 pm
Forum: Personal Consumer Issues
Topic: Phantom doctor appointment
Replies: 52
Views: 4844

Re: Phantom doctor appointment

What's the scam? The scam could be anything. Getting more info than name and phone number from you, recording you saying specific words. --Randy Bo Bandy I'd have thought that if the goal was more info, they'd ask for more info. Recording specific words sounds more like spy fiction. It's also odd t...
by randybobandy
Fri Feb 26, 2021 9:28 pm
Forum: Personal Consumer Issues
Topic: Phantom doctor appointment
Replies: 52
Views: 4844

Re: Phantom doctor appointment

Seasonal wrote: Fri Feb 26, 2021 8:46 pmWhat's the scam?
The scam could be anything. Getting more info than name and phone number from you, recording you saying specific words.

--Randy Bo Bandy
by randybobandy
Sun Feb 21, 2021 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Revealing net worth
Replies: 251
Views: 16843

Re: Revealing net worth

A net worth reveal party sounds like a good time.

--Randy Bo Bandy
by randybobandy
Fri Feb 19, 2021 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone had a TurboTax return that included a form 1116 accepted?
Replies: 210
Views: 11507

Re: How long is the IRS taking to accept returns

My return was accepted next day using TT.

--Randy Bo Bandy
by randybobandy
Tue Feb 16, 2021 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Would like to fire contractor and ask for excess paid money back - Any unforeseen issues?
Replies: 53
Views: 5523

Re: Would like to fire contractor and ask for excess paid money back - Any unforeseen issues?

I wouldn't bet on the OP to stop posting about this. Good advice, just don't see it.

--Randy Bo Bandy
by randybobandy
Mon Feb 15, 2021 10:32 am
Forum: Personal Investments
Topic: Talk me into paying off my mortgage...
Replies: 61
Views: 9742

Re: Talk me into paying off my mortgage...

You have put yourself in a position to do what you want. You should do what you want.

--Randy Bo Bandy
by randybobandy
Sat Feb 06, 2021 7:47 am
Forum: Personal Investments
Topic: If I can afford major risk, is a 100% stock position the best return
Replies: 100
Views: 8953

Re: If I can afford major risk, is a 100% stock position the best return

Over the last 100 years, a 70/30 portfolio returned 9.4%, giving up only 0.8% of a 100% stock portfolio (10.2%), with a much gentler ride. https://investor.vanguard.com/investing/how-to-invest/model-portfolio-allocation Warren Buffet recommends at least 10% short term government bonds, and his ment...
by randybobandy
Sun Jan 31, 2021 9:45 am
Forum: Personal Finance (Not Investing)
Topic: I see double tax withholding
Replies: 16
Views: 1156

Re: I see double taxation

I would talk to HR.

--Randy Bo Bandy
by randybobandy
Fri Jan 29, 2021 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Combining Households. Afraid I'm going to somehow screw this up.
Replies: 16
Views: 1922

Re: Combining Households. Afraid I'm going to somehow screw this up.

Rocket254 wrote: Fri Jan 29, 2021 9:44 pm
randybobandy wrote: Fri Jan 29, 2021 9:42 pm 27K and 118k is 145k, not 150k.

-Randy Bo Bandy
Oops. Forgot to subtract the money she had recently added to her Roth. Thanks.
You're welcome. I'm good with numbers, not much else!

-R B B
by randybobandy
Sun Jan 10, 2021 11:13 am
Forum: Personal Consumer Issues
Topic: So what are you cooking
Replies: 461
Views: 36747

Re: So what are you cooking

I have not cooked with it yet, but my kids bought me a Anova sous-vide cooking device. I will try this week to make an "egg bites" recipe that is supposedly a 5 star recipe. If anyone has any sous-vide recipies that they enjoy, I would appreciate the input. Thanks My parents bought me a d...
by randybobandy
Mon Jan 04, 2021 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Got my stimulus check, how about you?
Replies: 212
Views: 16496

Re: Got my stimulus check, how about you?

Received 12/31 in my USAA account.

--Randy Bo Bandy
by randybobandy
Mon Jan 04, 2021 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard website issues... again?
Replies: 16
Views: 2222

Re: Vanguard website issues... again?

No issues logging in at 1055 eastern time.

--Randy Bo Bandy
by randybobandy
Sat Jan 02, 2021 6:05 pm
Forum: Personal Consumer Issues
Topic: Tips for Frugal Living
Replies: 284
Views: 27291

Re: Tips for Frugal Living

Home gym.

Deep freezer. Buy bulk when a good deal comes along, cook large meals, freeze leftovers for work lunches.

--Randy Bo Bandy
by randybobandy
Wed Dec 30, 2020 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Mis-priced Real Estate: Reason to rent?
Replies: 17
Views: 1615

Re: Mis-priced Real Estate: Reason to rent?

With a high 7-figure net worth, if you want to rent in the Presidio for a while, go for it. Some experiences can't be matched, and you can afford it. If you don't like it or don't find it worthwhile, you can choose to relocate and rent or buy somewhere else. Since you can't buy here, that's off the...
by randybobandy
Mon Dec 28, 2020 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Should I get a debit card???
Replies: 58
Views: 3263

Re: Should I get a debit card???

I wouldn't get a debit card to get a $10 discount from a company that is getting worse and worse especially with customer service.

--Randy Bo Bandy
by randybobandy
Sun Dec 27, 2020 8:10 pm
Forum: Personal Investments
Topic: Planning for windfall, new job...and life
Replies: 2
Views: 832

Re: Planning for windfall, new job...and life

I would hold off on spending more until you are settled into your job and fully informed about all of your benefits, as well as having a comfortable grasp of your assets. After that fixing your kitchen seems reasonable, and believing that your parents would want some of the money going to your kid's...
by randybobandy
Sun Dec 27, 2020 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Does renting allow for better savings?
Replies: 16
Views: 1524

Re: Does renting allow for better savings?

Living in a van down by the river would allow for better savings.

--Randy Bo Bandy
by randybobandy
Sat Dec 26, 2020 11:06 pm
Forum: Personal Investments
Topic: 10 year update from a Panicked Investor
Replies: 51
Views: 6938

Re: 10 year update from a Panicked Investor

Panicked with 1.5M net worth and a 500k/yr income. Ok, lol.

--Randy Bo Bandy
by randybobandy
Mon Dec 21, 2020 8:16 pm
Forum: Personal Investments
Topic: HELP! Personal Investment + Loans.
Replies: 2
Views: 278

Re: HELP! Personal Investment + Loans.

Counting on the pension as a retirement asset seems like quite an assumption.

How much $$ will the forgiveness option save you on the $33k loan?

--Randy Bo Bandy
by randybobandy
Sat Dec 12, 2020 10:55 am
Forum: Personal Investments
Topic: Looking for information / opinions about startengine.com, sugarfina, knightscope, for my sister-in-law
Replies: 8
Views: 844

Re: Looking for information / opinions about startengine.com, sugarfina, knightscope, for my sister-in-law

I would tell her the potential issues with this outweigh the positives there are with the amount of money being invested. Continuing to go with her intuition is better for all parties. Hopefully you don't feel like you must help out with this.

--Randy Bo Bandy
by randybobandy
Mon Dec 07, 2020 10:31 am
Forum: Personal Finance (Not Investing)
Topic: I feel like my friend is about to make a massive financial mistake
Replies: 153
Views: 22453

Re: I feel like my friend is about to make a massive financial mistake

Sounds like a pretty bad idea but I would only offer any thoughts/advice/concerns if your friend asks.

--Randy Bo Bandy
by randybobandy
Sat Dec 05, 2020 9:23 pm
Forum: Personal Investments
Topic: How to invest half million?
Replies: 37
Views: 4774

Re: How to invest half million?

pmorgan2020 wrote: Sat Dec 05, 2020 8:57 pm Hello,
I have been extremely risk averse most of my life and never invested in stocks,bonds or index funds. The only place I am invested is the 401k from my employer.
So what is your 401k invested in?

--Randy Bo Bandy
by randybobandy
Mon Nov 30, 2020 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone used a Career Coach for new college graduate?
Replies: 105
Views: 4697

Re: Has anyone used a Career Coach for new college graduate?

OP, Why are you paying for that degree if your son has no idea what to do with that degree? The time to prepare for that career is before he graduated. Aka, internship, and so on. My daughter wanted to go to the Art area. I paid for her degree because she started her internship while she was in hig...
by randybobandy
Mon Nov 30, 2020 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone used a Career Coach for new college graduate?
Replies: 105
Views: 4697

Re: Has anyone used a Career Coach for new college graduate?

OP, Why are you paying for that degree if your son has no idea what to do with that degree? The time to prepare for that career is before he graduated. Aka, internship, and so on. My daughter wanted to go to the Art area. I paid for her degree because she started her internship while she was in hig...
by randybobandy
Sun Nov 29, 2020 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Reassure my nerves please [home purchase]
Replies: 15
Views: 1843

Re: Reassure my nerves please

You both have pensions if you quit tomorrow, or plan to have them in the future?

You should be fine. If you want to be aggressive I would plan for faster than 7 years. 7 is fine if you want to keep it that way.

--Randy Bo Bandy
by randybobandy
Sun Nov 29, 2020 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone used a Career Coach for new college graduate?
Replies: 105
Views: 4697

Re: Has anyone used a Career Coach for new college graduate?

OP, Why are you paying for that degree if your son has no idea what to do with that degree? The time to prepare for that career is before he graduated. Aka, internship, and so on. My daughter wanted to go to the Art area. I paid for her degree because she started her internship while she was in hig...
by randybobandy
Sat Nov 28, 2020 9:45 pm
Forum: Personal Investments
Topic: Willing to share your Taxable Portfolio?
Replies: 185
Views: 18525

Re: Willing to share your Taxable Portfolio?

retire2022 wrote: Sat Nov 28, 2020 4:38 pm OP

my taxable consists of 26K cash and 19K in Apple shares, which is less than 1% of my entire 2.09 million portfolio majority is tax deferred (457) and Roth IRA
Your math is a bit off. 45k/2090k = 2.15%

--Randy Bo Bandy
by randybobandy
Sun Nov 22, 2020 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Teach kids about charitable giving
Replies: 16
Views: 1002

Re: Teach kids about charitable giving

We have an annual meeting with the kids. We read a few verses of scripture and then everyone has to compete with their chosen charities and then we all vote. It's interesting to do it with both a 16 year old and a 5 year old and a couple in between. My son is very into veteran's charities for insta...
by randybobandy
Sun Nov 22, 2020 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Do I really have to save another $250 a month in the 529?
Replies: 42
Views: 4572

Re: Do I really have to save another $250 a month in the 529?

Do what you can, your kid(s) should appreciate any assistance you can provide.

-Randy Bo Bandy
by randybobandy
Sun Nov 22, 2020 8:07 pm
Forum: Personal Investments
Topic: Tax advantaged investing w/o taxable income
Replies: 5
Views: 663

Re: Tax advantaged investing w/o taxable income

Japanr wrote: Sun Nov 22, 2020 2:49 pm Thank you for your thoughts! I’ll look into the spousal IRA. My wife is currently maxing out her TSP and Roth IRA.
Is she maxing a traditional or Roth TSP?
by randybobandy
Sat Nov 21, 2020 9:44 pm
Forum: Personal Investments
Topic: Tax advantaged investing w/o taxable income
Replies: 5
Views: 663

Re: Tax advantaged investing w/o taxable income

How many retirement accounts does your wife have? TSP, IRA? Is she investing in Roth or traditional?

--Randy Bo Bandy
by randybobandy
Sat Nov 21, 2020 12:28 pm
Forum: Personal Investments
Topic: I may die poor
Replies: 160
Views: 17949

Re: I may die poor

What a dramatic title.

I would not contribute $$ to a niece and nephew if I was wanting to improve my financial situation.

CC debt needs to go ASAP.

--Randy Bo Bandy
by randybobandy
Sun Nov 01, 2020 4:54 pm
Forum: Personal Investments
Topic: Received $10K gift. Should I open an taxable account?
Replies: 23
Views: 2004

Re: Received $10K gift. Should I open an taxable account?

I think you should open a taxable account and invest.

--Randy Bo Bandy
by randybobandy
Fri Oct 30, 2020 8:48 pm
Forum: Personal Investments
Topic: temporary rental income from a friend going through divorce
Replies: 10
Views: 1602

Re: temporary rental income from a friend going through divorce

KingRiggs wrote: Fri Oct 30, 2020 1:34 pm Probably the best help you could offer your friend would be to give him the room rent free...

Just sayin'...
This came to mind for me too. Could be something to think about, OP.

--Randy Bo Bandy
by randybobandy
Fri Oct 30, 2020 8:36 pm
Forum: Personal Consumer Issues
Topic: Are cheap all-in-one printers fine?
Replies: 28
Views: 2116

Re: Are cheap all-in-one printers fine?

A bit late to be asking. The cheap all in one HP I bought 8 years ago is steadily going downhill. Not bad for how cheap it was. Hope it treats you well.

--Randy Bo Bandy
by randybobandy
Tue Oct 27, 2020 10:19 pm
Forum: Personal Investments
Topic: 31, NYC, Need Advice
Replies: 62
Views: 5616

Re: 31, NYC, Need Advice

I recommend some couples counseling prior to getting married. I don't see this going well. I could be, and hope I am, wrong.

--Randy Bo Bandy