Search found 521 matches

by bmelikia
Sat Jul 28, 2018 9:06 am
Forum: Investing - Help with Personal Investments
Topic: Investing with a Developer
Replies: 48
Views: 3540

Re: Investing with a Developer

2) I pay the developer 15% of my investment amount up front. So your cost is 150k for his services - which is fine but you’ll want to tighten up the contract as to how/when he receives this money. . . In your contract I would work in the following details: 1) 50k cash up front to developer along wi...
by bmelikia
Sat Jul 28, 2018 9:02 am
Forum: Investing - Help with Personal Investments
Topic: Investing with a Developer
Replies: 48
Views: 3540

Re: Investing with a Developer

2) I pay the developer 15% of my investment amount up front. So your cost is 150k for his services - which is fine but you’ll want to tighten up the contract as to how/when he receives this money. . . In your contract I would work in the following details: 1) 50k cash up front to developer along wi...
by bmelikia
Wed Jul 04, 2018 6:38 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle is not a "buy&hold at any price goose", he looks at valuations, he sold his stocks in year 2000
Replies: 48
Views: 6700

Re: Jack Bogle is not a "buy&hold at any price goose", he looks at valuations, he sold his stocks in year 2000

If I were following that logic I would have probably sold at DOW 18,000. . .and that’s only if I didn’t sell at DOW 16,000. . . Instead of messing with my asset allocation I am choosing to take “extra” money and put it towards paying down our 4% mortgage - which is giving me similar result to if I w...
by bmelikia
Sun May 27, 2018 10:21 pm
Forum: Investing - Help with Personal Investments
Topic: CD / Treasury vs Paying off Mortgage - Rates are really close
Replies: 12
Views: 1602

Re: CD / Treasury vs Paying off Mortgage - Rates are really close

You probably are not in a position where you will be itemizing your taxes anymore due to the new standard deduction Your 3.5% mortgage is a NET expense - which might be equal to a 4-4.5% CD on an after tax basis. So if you put your money in a 3-3.5% CD your NET return would be roughly 2.5-2.85% on a...
by bmelikia
Wed May 16, 2018 7:01 pm
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 550
Views: 36675

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

I'm 33.5 years old - I don't pretend to know what tax bracket I will be in 26 year from now - also, I don't know what tax brackets will be in 26 years - maybe there won't even be "tax brackets" in 26 years. . . . . .I am confident, however, that "future me" will enjoy not paying any taxes on my Roth...
by bmelikia
Sat Mar 31, 2018 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Pay Off Mortgage with Windfall?
Replies: 57
Views: 6023

Re: Pay Off Mortgage with Windfall?

Paying off your 4% mortgage will be like getting a 5.25% return on a CD since you likely no longer benefit from itemizing
by bmelikia
Sun Feb 04, 2018 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: Retired at 50. Staying 100% in stock Index Funds. Anyone else?
Replies: 153
Views: 15571

Re: Retired at 50. Staying 100% in stock Index Funds. Anyone else?

“I have a State Government Pension that covers all of my living expenses”


Humblebrag much? Why don’t you tell us-does your 100% position matter?
by bmelikia
Sat Feb 03, 2018 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Stick out miserable job for health insurance in retirement?
Replies: 62
Views: 9862

Re: Stick out miserable job for health insurance in retirement?

I have a solution-If you found a job you liked that paid $5,000 more- you can save that entire extra amount in your 401k or IRA and have more than enough to cover your health care premiums on your own 20 years from now
by bmelikia
Mon Jan 22, 2018 11:43 pm
Forum: Investing - Help with Personal Investments
Topic: Should I buy a business or suck it up at a job(s) with a pension.
Replies: 82
Views: 6536

Re: Should I buy a business or suck it up at a job(s) with a pension.

"...stay at my current job till I’m 55 and then retire with full medical and that would also allow my wife to retire at 50 and call it a day......but that’s another 8 years. Which I could contribute to my 457 and Roth IRA.... . . . . run from the car wash idea . . . . as fast as you would run from ...
by bmelikia
Wed Jan 03, 2018 9:28 am
Forum: Investing - Help with Personal Investments
Topic: Age In Bonds after 65 with 25X, 35X, 50X ??? Your Approach?
Replies: 35
Views: 3376

Re: Age In Bonds after 65 with 25X, 35X, 50X ??? Your Approach?

sambb wrote:
Tue Jan 02, 2018 11:14 pm
age in bonds never sounds right when the market has had a 5-8 year bull run, but always seems like the place to be during a bad bear market when things go down down down
Agreed. Let’s not forget the 60/40 portfolio conversations during the bad times
by bmelikia
Sat Dec 23, 2017 12:31 pm
Forum: Investing - Theory, News & General
Topic: Saving for the crash
Replies: 58
Views: 8183

Re: Saving for the crash

I'm inclined to think that people who talk of "saving for the crash" are people who were not steadily putting money into the market over the past 1-9 years - if a person had done so - there would have been no need to "save for the crash" because you would already have invested dollars at much lower ...
by bmelikia
Sat Dec 16, 2017 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Annual Gifting
Replies: 8
Views: 1103

Annual Gifting

1) If you write a check to someone on December 24,2017 for $14,000 and they deposit that check on January 2,2018 - does that gift count towards your 2017 gifting allowance or your 2018 gifting allowance? 2) If after they deposit that initial gifting check (14k) on January 2, 2018 - can you write ano...
by bmelikia
Wed Dec 06, 2017 10:48 am
Forum: Investing - Theory, News & General
Topic: Traditional 401k and Rollover IRA Dividends at Payout
Replies: 2
Views: 232

Traditional 401k and Rollover IRA Dividends at Payout

Age 33 My company gives employees the opportunity to contribute to either a Traditional 401k or a Roth 401k. In addition to contributing the max to my Roth IRA (5,500) - I'm currently contributing to the Roth 401k (about 10k/annually) - but that got me thinking. . . 1) Regarding Traditional 401ks an...
by bmelikia
Tue Oct 17, 2017 7:03 pm
Forum: Investing - Help with Personal Investments
Topic: 2018 Roth IRA Contribution Limits?
Replies: 2
Views: 768

2018 Roth IRA Contribution Limits?

Anyone know when 2018 contribution limits for Roth IRAs are supposed to be announced?

Just curious. . .thank you
by bmelikia
Fri Oct 13, 2017 9:39 am
Forum: Investing - Theory, News & General
Topic: Buy when there's blood in the streets!
Replies: 39
Views: 7202

Re: Buy when there's blood in the streets!

Also sometimes referred to as *gasp*. . ."market timing"
by bmelikia
Thu Sep 07, 2017 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone into real estate investing here?
Replies: 12
Views: 1552

Re: Anyone into real estate investing here?

Not to be unkind, but umm, the search button? There are lots and lots of real estate threads here. The title might not specifically say "investing", but there are plenty of reply posts by people who have from 1 to lots of rental properties. Not to be unkind-but your response could be the response t...
by bmelikia
Sat Jun 03, 2017 12:59 pm
Forum: Investing - Theory, News & General
Topic: Simulators, Reality, and Motiviation to Stay the Course
Replies: 13
Views: 1803

Re: Simulators, Reality, and Motiviation to Stay the Course

I guess if the question is to what level of certainty you can count on a simulators ability to use its database of historical returns to forecast results for an unknown future - the answer is almost in the question. . .you can't
by bmelikia
Fri Feb 03, 2017 12:31 am
Forum: Personal Finance (Not Investing)
Topic: Purchasing 4 Family House for Rental Income
Replies: 34
Views: 3114

Re: Purchasing 4 Family House for Rental Income

Carefreeap wrote:

If the deal is that good buy it yourself without partners.
+1

You make it sound simple enough to come up with some extra coin- why not invest on your own and see how it goes?
by bmelikia
Thu Feb 02, 2017 12:02 am
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Living Off Interest/Dividends
Replies: 54
Views: 7225

Re: Thoughts on Living Off Interest/Dividends

Say someone is newly retired, age 65. They have expenses of $100,000 a year (including taxes). Social Security will bring in $40,000 a year leaving $60,000 then need to produce from their investment portfolio. Assume you have a portfolio of $2.5 million. My thinking is they could have retired a dec...
by bmelikia
Mon Jan 30, 2017 4:10 pm
Forum: Personal Consumer Issues
Topic: Utilizing a trainer to maintain fitness in retirement
Replies: 39
Views: 3333

Re: Utilizing a trainer to maintain fitness in retirement

I'm age 32 - I just started up a routine at a new Cyclebar that opened up in my town. It's just an indoor cycling/spin class (50 minute class sessions). Depending on how you want to look at it, my wife and I invested $1,200 for a shared account of 150 classes that either myself or my wife can attend...
by bmelikia
Mon Jan 02, 2017 6:06 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 35432

Re: Whats your number to walk away?

Age: 32 and 30 Assuming our house was paid off. . . 3.2 million would be the ticket for us to "walk away" right now I just figure that we would draw 2.75% and then adjust for inflation going forward. Although - we are probably "worth" around 375k right now. . .and that includes the approximate equit...
by bmelikia
Sat Dec 31, 2016 12:34 pm
Forum: Investing - Theory, News & General
Topic: The average investor made just over 5% in 2016, according to Openfolio
Replies: 21
Views: 3863

Re: The average investor made just over 5% in 2016, according to Openfolio

Since August 2008 - when I began implementing this strategy - my performance has been 8.3% using this current approach - just FYI
by bmelikia
Sat Dec 31, 2016 12:31 pm
Forum: Investing - Theory, News & General
Topic: The average investor made just over 5% in 2016, according to Openfolio
Replies: 21
Views: 3863

Re: The average investor made just over 5% in 2016, according to Openfolio

I personally invest in the Vanguard Target Date 2030 Fund and looking at my performance for the following date range: December 1, 2015 through December 31, 2016. . . . . .while not representative of purely 2016 - my performance was supposedly 4.6% during that time according to my personal performanc...
by bmelikia
Wed Dec 07, 2016 10:06 pm
Forum: Investing - Help with Personal Investments
Topic: Need help to find a direction to invest $800k plus $900k
Replies: 24
Views: 2603

Re: Need help to find a direction to invest $800k plus $900k

Thank you for all the good advise. Probably I am not brave enough after seeing the Dow Jone dropped to around 6500 and it's now 19000. I was wishing I put part of the money on the market at that time. I am now confused and it seem too much money to buy in the market top I would say at the very mini...
by bmelikia
Tue Dec 06, 2016 8:33 am
Forum: Investing - Help with Personal Investments
Topic: How much risk do we need to take? Retired at age 47.
Replies: 56
Views: 7455

Re: How much risk do we need to take? Retired at age 47.

I'm in a similar boat. Almost 50, about the same amount in savings, house worth more, we have more in taxable accounts than you do/retirement, still working, own a business, and here's the biggest difference (from a cost perspective) - we have 2 kids (college aged). We live in a HCOL area and I'm a...
by bmelikia
Sat Oct 22, 2016 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Should I take mortgage loan of under 3% and invest the money?
Replies: 39
Views: 5790

Re: Should I take mortgage loan of under 3% and invest the money?

This is definitely not a March 2009 question. . .
by bmelikia
Wed Oct 12, 2016 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: 401k rollover/transfer question
Replies: 3
Views: 411

Re: 401k rollover/transfer question

Thanks Alan for sharing that information with me
by bmelikia
Wed Oct 12, 2016 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: 401k rollover/transfer question
Replies: 3
Views: 411

401k rollover/transfer question

I recently left my previous employer. There I had a 401k and in addition to that I also had a pension benefit that I vested for. I don't think my age matters for this scenario but in case it does I am 31 and my wife is 29. I am in the process of rolling over/transferring my old 401k (apprx 85k) from...
by bmelikia
Sat Oct 08, 2016 10:09 am
Forum: Investing - Theory, News & General
Topic: US Housing/mortgage market starting to bubble again?
Replies: 30
Views: 5161

Re: US Housing/mortgage market starting to bubble again?

It could just mean that the majority of your pool of current employees/former employees have already taken advantage of the last 5-7 years of lower home prices and you are late to the party. Or there could be a crash coming- who knows Save aggressively and buy a house when it makes financial sense f...
by bmelikia
Sat Sep 24, 2016 12:02 am
Forum: Personal Finance (Not Investing)
Topic: Pension Lump Sum - Age 32
Replies: 18
Views: 2775

Re: Pension Lump Sum - Age 32

Not sure this makes sense. Money is fungible. There is nothing special about this $26K vs any other money in your account. Not to mention in the general scheme of life it is not a lot of money in any event - in the end how you invest this specific money vs all the other money you will accumulate in...
by bmelikia
Thu Sep 22, 2016 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Pension Lump Sum - Age 32
Replies: 18
Views: 2775

Re: Pension Lump Sum - Age 32

How would you suggest I invest this 26,600 if I roll it into a traditional IRA but want to treat it more conservatively? Truthfully, if I could invest in EE bonds in a traditional Ira I would probably do that with this money. That way in 40 years (Age 72) I would have around 110k. Plus, after the fi...
by bmelikia
Mon Sep 19, 2016 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Lump Sum - Age 32
Replies: 18
Views: 2775

Pension Lump Sum - Age 32

I just left my previous employer- the previous employer had a pension plan for salaried employees. I was vested in the plan and have been offered basically 2 options.I'm turning 32 in about a month. Option 1: At age 65 receive $695 on a monthly basis Option 2: Take a lump sum today of $26,600 that I...
by bmelikia
Sat Sep 03, 2016 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Resigning from a job: best practices and advice?
Replies: 111
Views: 10577

Re: Resigning from a job: best practices and advice?

Two weeks. I have a friend who tried to give the company longer and they actually cut him that day. My last day at my company is this coming Friday - September 9th I gave a verbal 3.5 week notice, as well as a formalized letter of resignation stating the same thing. The head boss of the entire comp...
by bmelikia
Wed Aug 03, 2016 2:34 pm
Forum: Personal Consumer Issues
Topic: Bordeaux wines
Replies: 20
Views: 2070

Re: Bordeaux wines

If you are vegan, some red wines are considered vegan and some are not whereas all white wine is vegan. Coming from someone who farms - if I apply manure to my vineyard, and the grapes are harvested to produce white wine - wouldn't that qualify the grapes as NOT being vegan? And while I'm at it - m...
by bmelikia
Fri Jul 22, 2016 5:24 pm
Forum: Personal Consumer Issues
Topic: Bordeaux wines
Replies: 20
Views: 2070

Re: Bordeaux wines

If you are vegan, some red wines are considered vegan and some are not whereas all white wine is vegan. Coming from someone who farms - if I apply manure to my vineyard, and the grapes are harvested to produce white wine - wouldn't that qualify the grapes as NOT being vegan? And while I'm at it - m...
by bmelikia
Mon Apr 18, 2016 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Individual Roth 401k & Roth IRA - Both?
Replies: 4
Views: 368

Re: Individual Roth 401k & Roth IRA - Both?

LAlearning wrote:Completely separate.
Thank you for your response.

So in this scenario - she would be able to BOTH contribute $5,500 to her Roth IRA AND contribute $14,500 to her Individual Roth 401k?
by bmelikia
Mon Apr 18, 2016 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Individual Roth 401k & Roth IRA - Both?
Replies: 4
Views: 368

Individual Roth 401k & Roth IRA - Both?

My wife is a hair stylist who pays a booth rent at the salon she works at. She is considered to be an "independent contractor". Her net income is probably around $20,000 for the year (Gross Income minus Expenses). This last year we contributed the max of $5,500 to her Roth IRA (I contributed the max...
by bmelikia
Sun Apr 17, 2016 11:20 pm
Forum: Investing - Theory, News & General
Topic: Got a Question for Jack Bogle? Post it Here.
Replies: 88
Views: 13687

Re: Got a Question for Jack Bogle? Post it Here.

Mel Lindauer wrote:Got a question for Mr. Bogle? Post it here and I'll try to get it answered for you.
Mel,

Unfortunately I won't be able to attend. Do you think there will be video of the Q & A session posted to YouTube or another source for those of us who can't make it?
by bmelikia
Sun Apr 17, 2016 11:14 pm
Forum: Investing - Theory, News & General
Topic: Got a Question for Jack Bogle? Post it Here.
Replies: 88
Views: 13687

Re: Got a Question for Jack Bogle? Post it Here.

Mr. Bogle,

Are you confident that a total stock market fund will continue to provide adequate portfolio growth over the next 30-40 years?

What concerns, if any, do you have regarding the possibility of a total stock market fund failing to do so?

Thank you
by bmelikia
Mon Feb 08, 2016 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: No guts to buy today!
Replies: 55
Views: 7984

Re: No guts to buy today!

livesoft wrote:I had no problem buying today. I'll probably lose money, but so what?
I'm with you livesoft - and if it goes lower, keep on buying - and if it goes higher, keep on buying - until we reach nirvana. . .
by bmelikia
Tue Feb 02, 2016 5:02 pm
Forum: Investing - Theory, News & General
Topic: Charles Ellis' suggested portfolios by age
Replies: 53
Views: 8272

Re: Investing Gems by Charles Ellis

stemiker: Charles Ellis is one of my investing heroes. These are "Investment Gems" taken from his book, Winning The Loser's Game: Best wishes Taylor Hmm, not much of a gem, IMHO. Perhaps Errol Flynn didn't have a wife or family? Joe: Errol Flynn's quote is not as far-fetched as it sounds. For examp...
by bmelikia
Tue Jan 26, 2016 4:08 pm
Forum: Personal Consumer Issues
Topic: Dinner Ideas
Replies: 57
Views: 7737

Re: Dinner Ideas

Since we're Bogleheads and don't eat out every night. . . Being a boglehead has nothing to do with frugality like entertainment consumption and/or the frequency at which you eat out - it has to do with how you choose to frugally/efficiently invest your money - doing so in a prudent fashion so that ...
by bmelikia
Tue Jan 26, 2016 11:26 am
Forum: Personal Consumer Issues
Topic: Dinner Ideas
Replies: 57
Views: 7737

Re: Dinner Ideas

Since we're Bogleheads and don't eat out every night. . . Being a boglehead has nothing to do with frugality like entertainment consumption and/or the frequency at which you eat out - it has to do with how you choose to frugally/efficiently invest your money - doing so in a prudent fashion so that ...
by bmelikia
Mon Jan 18, 2016 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: I can sleep at night but it is on my mind a lot
Replies: 60
Views: 4943

Re: I can sleep at night but it is on my mind a lot

If you disregard the 400k that you have and you only concentrate on the 2.5 million and assume you were going to live to age 92 (arbitrary age I picked). . . This is nothing fancy on my part but just a simple way of figuring: 92 - 59 = 33 years that you need your money to last 2.5 million / 33 years...
by bmelikia
Thu Jan 14, 2016 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Does a BH play the lottery?
Replies: 78
Views: 6097

Re: Does a BH play the lottery?

I don't understand what being a boglehead has to do with being a person who wants to blow some money on the lottery. How I choose to prudently invest my money that I've set aside and how I choose to blow my "fun" money are completely irrelevant things. My stance is that I'm a boglehead so that I hav...
by bmelikia
Tue Jan 12, 2016 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Saving for the future vs you only live once
Replies: 72
Views: 11626

Re: Saving for the future vs you only live once

I would say that since you only live once you should save for the future
by bmelikia
Thu Dec 17, 2015 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: 34.... am I on track?
Replies: 14
Views: 2635

Re: 34.... am I on track?

. . .but also know having a bond index fund will give greater returns long term. I would say that the word "know" is a very strong choice of words. The future is very much unknown. Also, I don't believe I've seen anything that has shown bond index funds outperforming equities over the "long term".