Search found 546 matches

by bmelikia
Tue Jan 15, 2019 7:28 pm
Forum: Personal Consumer Issues
Topic: Are You Dumping Netflix?
Replies: 172
Views: 9617

Re: Are You Dumping Netflix?

I make bigger financial decisions at Taco Bell. . .no, I won't be "dumping" Netflix
by bmelikia
Fri Dec 28, 2018 5:31 pm
Forum: Personal Consumer Issues
Topic: not funding kid's tuition
Replies: 102
Views: 3335

Re: not funding kid's tuition

Several indirect quotes come to mind. . . "Those convinced against their will are of the same opinion still" "It is difficult to get a man to understand something, when his salary depends on his not understanding it" A parent who does not have the financial means to cover the college expenses of the...
by bmelikia
Fri Dec 28, 2018 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with 1k check for 9 month old son?
Replies: 44
Views: 2941

Re: What to do with 1k check for 9 month old son?

Thank you everyone for your input - my wife and I are going to keep thinking about this one but it looks like we are likely going to do one of the following: 1) Open UTMA for our son and invest in STAR fund (or possibly Target Retirement) due to low 1k minimum investment 2) Add this money into the e...
by bmelikia
Thu Dec 27, 2018 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with 1k check for 9 month old son?
Replies: 44
Views: 2941

Re: What to do with 1k check for 9 month old son?

rkhusky wrote:
Thu Dec 27, 2018 4:10 pm
If this is a one-off, just write it down somewhere and deposit it in your account. I keep track of our children’s gifts in a spreadsheet. I pay 5.25% interest.
Since the check is made out specifically in our sons name - how would we be able to deposit the funds directly into our checking account?
by bmelikia
Thu Dec 27, 2018 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with 1k check for 9 month old son?
Replies: 44
Views: 2941

Re: What to do with 1k check for 9 month old son?

mortfree wrote:
Thu Dec 27, 2018 12:56 pm
Open the UTMA account at Vanguard.

Sign his name on the back of the check and deposit it for Investing.

At least this is what I do and it has worked for me
Thank you mortfree - I'll give Vanguard a call and see if this is a route we can take
by bmelikia
Thu Dec 27, 2018 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with 1k check for 9 month old son?
Replies: 44
Views: 2941

Re: What to do with 1k check for 9 month old son?

Lots of threads on minors investing, IRA’s, what is considered earned income if you search. Beware kiddie tax and financial aid restrictions. I think the best place is a college savings account for now and a Roth IRA when they get their first job mostly to minimize taxes. Next choice would be a sim...
by bmelikia
Thu Dec 27, 2018 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with 1k check for 9 month old son?
Replies: 44
Views: 2941

Re: What to do with 1k check for 9 month old son?

Lots of threads on minors investing, IRA’s, what is considered earned income if you search. Beware kiddie tax and financial aid restrictions. I think the best place is a college savings account for now and a Roth IRA when they get their first job mostly to minimize taxes. Next choice would be a sim...
by bmelikia
Thu Dec 27, 2018 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with 1k check for 9 month old son?
Replies: 44
Views: 2941

What to do with 1k check for 9 month old son?

My son (9 months old) lucked out this Christmas and received a check from his grandparents for 1k. . .no strings attached. . .do whatever my wife and I feel is in his best interest. . .the check is written out directly to our son. . . This is our first child so I'm not sure how the process works whe...
by bmelikia
Sun Dec 23, 2018 3:14 pm
Forum: Investing - Theory, News & General
Topic: When did the musicians on the titanic realize their fate?
Replies: 132
Views: 9756

Re: When did the musicians on the titanic realize their fate?

The DOW is above 22,000 - I’m not understanding the concern. . .

The “fear” or “concern” about the market is almost a form of recent bias to the fact that the market is now lower than it was a month or 2 ago. . .

In 2009 I don’t think anyone would have believed that we’d be at DOW 22,000+ today
by bmelikia
Thu Dec 20, 2018 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Capital Gains and Disability Income
Replies: 2
Views: 178

Long Term Capital Gains and Disability Income

My mother (who is on disability income) is selling a piece of property (an empty commercial lot) that she has held since 1979. She purchased the property for 70k and is selling the property for 202.5k My question is - does this transaction affect her disability income? She will be taxed at long term...
by bmelikia
Mon Dec 17, 2018 11:02 pm
Forum: Personal Consumer Issues
Topic: Holiday Card [from Vanguard]
Replies: 29
Views: 3085

Re: Holiday Card [from Vanguard]

stan1 wrote:
Sat Dec 15, 2018 9:58 am
Maybe they need to set up an opt out option for holiday cards to help keep expenses low?
Don’t worry Stan - I told them to take the expense of your holiday card out of my investment expenses - Merry Christmas
by bmelikia
Tue Nov 27, 2018 12:46 am
Forum: Personal Finance (Not Investing)
Topic: 25k Bonus - Tax Consequences?
Replies: 20
Views: 2369

25k Bonus - Tax Consequences?

Good news is I am going to be getting a 25k bonus this year - I just don't know what my "total" tax consequences will be on this amount. None of this money will be going into my 401k A few details. . . State of residence: CA Married Filing Jointly Income (His+Hers pre-bonus): Approximately 110k Usin...
by bmelikia
Fri Oct 26, 2018 8:15 am
Forum: Investing - Help with Personal Investments
Topic: For those waiting for a 'correction' ...
Replies: 109
Views: 1236031

Re: For those waiting for a 'correction' ...

.... here, yes, I’m one of those :D Short answer is no, I’m not done waiting. I’am fully invested in my international stocks but my US stocks are significantly below my target allocation. US stocks have much further to fall; it may not happen now, it may not happen next year but eventually it will ...
by bmelikia
Tue Oct 23, 2018 8:35 pm
Forum: Investing - Theory, News & General
Topic: Hedging tomorrow's tax rates
Replies: 32
Views: 2705

Re: Hedging tomorrow's tax rates

I like the "guarantee" that I have zero tax liability on the money I have placed in Roth IRA and Roth 401k accounts - it is worth the "guarantee" for me to not have to play the guessing game of "I wonder what tax rates are going to be in the future. . ." At least it will minimize my concerns over wh...
by bmelikia
Tue Oct 23, 2018 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: When Will Attaining Millionaire Status Be Obsolete?
Replies: 77
Views: 4946

Re: When Will Attaining Millionaire Status Be Obsolete?

lostdog wrote:
Tue Oct 23, 2018 2:14 pm
Do some of you realize that most Americans live paycheck to paycheck and barely have $1000 in savings? Only 50% invest at all.

Reaching millionaire status is a huge milestone for most people. Not sure what planet you're on?
+1

I know I'll be celebrating the day I cross the threshold!
by bmelikia
Sun Oct 21, 2018 2:06 am
Forum: Personal Consumer Issues
Topic: Pull kids from school for vacations?
Replies: 136
Views: 6142

Re: Pull kids from school for vacations?

No. We wanted to send the message to our daughter that school is too important, and we wanted to send the same message to her teachers. Now, she does not cut classes in college. Cause-effect relationship? Maybe. Gasdoc Do her professors send you an attendance record or something? That would be odd....
by bmelikia
Tue Oct 02, 2018 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Root of Good's cost of raising a child: $3,300 per year
Replies: 163
Views: 5864

Re: Root of Good's cost of raising a child: $3,300 per year

I want to look back on my kids and say "Damn, they sure cost a lot - but boy were they worth it!" - To me they are well worth the cost! I definitely don't want to look back and say that I was able to significantly cut costs in that area of my life (and my children's lives). My wife and I have the sh...
by bmelikia
Thu Sep 20, 2018 2:22 pm
Forum: Personal Consumer Issues
Topic: HOA Donation in Remembrance of Deceased Owner
Replies: 40
Views: 3204

Re: HOA Donation in Remembrance of Deceased Owner

Well. . .I guess if the board had already voted and approved that such a "fund" can exist then it sounds like it would be acceptable - not something that I would approve of but if the board approves then I guess it is what it is. . . As a side note - my wife was in a HOA prior to us getting married ...
by bmelikia
Wed Sep 19, 2018 3:12 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 293
Views: 25999

Re: What is your single most expensive mistake?

Waiting til 2013 to purchase my first home. . .
by bmelikia
Sun Sep 16, 2018 2:42 pm
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 152
Views: 12218

Re: Age in Bonds - Still Recommended?

I remember when the conversation on here during 2009/2010 was about how 60/40 was a good all weather portfolio- now the discussion is about how unnecessary (or rather minimal) a bond position is/should be in making up ones portfolio-just an observation Anyone else remember this? Wait until your fir...
by bmelikia
Sun Sep 16, 2018 9:16 am
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 152
Views: 12218

Re: Age in Bonds - Still Recommended?

I remember when the conversation on here during 2009/2010 was about how 60/40 was a good all weather portfolio- now the discussion is about how unnecessary (or rather minimal) a bond position is/should be in making up ones portfolio-just an observation Anyone else remember this? Wait until your fir...
by bmelikia
Sun Sep 16, 2018 9:02 am
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 152
Views: 12218

Re: Age in Bonds - Still Recommended?

I remember when the conversation on here during 2009/2010 was about how 60/40 was a good all weather portfolio- now the discussion is about how unnecessary (or rather minimal) a bond position is/should be in making up ones portfolio-just an observation Anyone else remember this? Wait until your fir...
by bmelikia
Sat Sep 15, 2018 12:33 am
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 152
Views: 12218

Re: Age in Bonds - Still Recommended?

I remember when the conversation on here during 2009/2010 was about how 60/40 was a good all weather portfolio- now the discussion is about how unnecessary (or rather minimal) a bond position is/should be in making up ones portfolio-just an observation

Anyone else remember this?
by bmelikia
Sun Sep 02, 2018 11:34 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle's answer to the question: Let’s hear your quick advice for a primer on personal finances.
Replies: 11
Views: 2669

Re: Jack Bogle's answer to the question: Let’s hear your quick advice for a primer on personal finances.

Great, simple, straightforward advice, for which thanks. The longer I’m in the game the more I’m convinced that a Target Date Fund is the way to go. Set and ignore (to the best of your ability). I’m sure there are better strategies but I’ve decided that this is the best strategy for me too. . .
by bmelikia
Sat Jul 28, 2018 9:06 am
Forum: Investing - Help with Personal Investments
Topic: Investing with a Developer
Replies: 48
Views: 3892

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: 3892

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: 7058

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: 1793

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: 40026

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: 6858

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: 17097

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: 10009

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: 6803

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: 3586

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: 8689

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: 1184

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: 261

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: 816

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: 7511

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: 1642

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: 1916

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: 3260

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: 7449

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: 3470

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: 301
Views: 46100

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: 3950

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: 3950

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...