Search found 201 matches

by Davinci
Sun Aug 18, 2019 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford new House of $500-550k?
Replies: 9
Views: 1387

Re: Can we afford new House of $500-550k?

Thank you chevca, TxAg, and cherish for your responses! Yes, it's probably more than you need. But, if you all like it and it would make everyone happy, go for it. Yes it is definitely more than we need, debatable if it will makes us happier than what we are now, likely might make positive differenc...
by Davinci
Sun Aug 18, 2019 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford new House of $500-550k?
Replies: 9
Views: 1387

Re: Can we afford new House of $500-550k?

Thank you Watty, HornedToad and Stan1 for the wise thoughts and great perspectives! The more thoughts and information from wise folks at Bogleheads, the best overall decision. Only half jokingly bribery might be cheaper. You might talk with your daughters about how you would like for them to each ha...
by Davinci
Sun Aug 18, 2019 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford new House of $500-550k?
Replies: 9
Views: 1387

Can we afford new House of $500-550k?

Hello Dear Bogleheads, Here's our situation: We currently live in a paid off house which is on the smaller side 1700 sqft. We are a family of 4 and mother in law lives with us making us 5 as well as 2 dogs (inside) and needing an extra room. Current home has 3 bedrooms, 2 full baths and a small spac...
by Davinci
Sat May 18, 2019 1:53 pm
Forum: Personal Investments
Topic: Am I being ripped off?
Replies: 42
Views: 4991

Re: Am I being ripped off?

Yes you are getting ripped off. Manage everything yourself through Vanguard. Use the money you are paying the financial advisor to save more and give some to the charity and cause that you prefer so you help those in need and not make others that do not need help richer. :oops:
by Davinci
Sat May 18, 2019 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 19706

Re: High net worth, elite private or “good” public

We just went through this situation recently. We decided to send our oldest to private school for $30K/year for Middle School. The school was so far that it took 2-3 hours per day from our life’s that it became tiresome and burdensome as they do not offer transportation. The pluses were that the cla...
by Davinci
Sat Feb 09, 2019 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: "Living comfortably in retirement"
Replies: 71
Views: 9599

Re: "Living comfortably in retirement"

"Living comfortably in retirement" "Enough" . Currently reading the book, one of the best by Jack with amazing life's philosophy! If one has been blessed with many diamonds through life, all you need in retirement: Warm house, food on the table, health, love, essentailly enough to cover all your ba...
by Davinci
Sat Feb 09, 2019 3:52 pm
Forum: Personal Consumer Issues
Topic: Mazda Miata as Daily Commute Fun Car?
Replies: 94
Views: 5768

Re: Mazda Miata as Daily Commute Fun Car?

This is a great car too, congratulations! Thank you very much Starfish, very happy with my purchase! I plan to keep it for 10-15 years like with all my cars so it is worth it to me to drive a very reliable and fun car to work every day that can also use to transport the family comfortably when need...
by Davinci
Fri Feb 08, 2019 8:30 pm
Forum: Investing - Theory, News & General
Topic: swing trading
Replies: 28
Views: 3105

Re: swing trading

he tells me he does swing trading and makes 30-100% / year and in the last 5 years only lost in 2008. tells me he uses all his investments to do this, no "mad money" firewall. and only trades when conditions are right, i suppose he means when it is 'trending' not 'trading' just curious what BH woul...
by Davinci
Fri Feb 08, 2019 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: How to volunteer for layoff?
Replies: 36
Views: 3742

Re: How to volunteer for layoff?

How to volunteer for layoff?
Try this, you will either be layoff or promoted (Win-Win), no downside:

https://www.youtube.com/watch?v=cgg9byUy-V4
by Davinci
Fri Feb 08, 2019 8:15 pm
Forum: Personal Investments
Topic: Critique this Real Estate investment idea
Replies: 31
Views: 2195

Re: Critique this Real Estate investment idea

I can ask a management company to take care of renting, maintenance, etc.
Be aware that this will take a big hit on your returns, most people make money on RE when they manage their own properties as handy man/women, realtors, even RE law.
by Davinci
Fri Feb 08, 2019 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: How much would you contribute to retirement if you max your 2019 contributions?
Replies: 43
Views: 3103

Re: How much would you contribute to retirement if you max your 2019 contributions?

How much would you contribute to retirement if you max your 2019 contributions? His 401k- 56k (Company Match and Mega BackDoor) Her 457b-19k Her 403b-19k Her Backdoor Roth- $6k Total: $100k Unfortunately, neither of our health plans offers HDP so not HSA for us :( I am asking at my work if they can...
by Davinci
Fri Feb 08, 2019 8:02 pm
Forum: Personal Consumer Issues
Topic: Carvana
Replies: 42
Views: 4447

Re: Carvana

I hate Carvana. I tried to buy a car using the car vending machine. My car got stuck in that screw thingy and the guy behind me got TWO cars. I tried shaking the whole machine, but I wasn't strong enough. Too bad there are no Carvana vending machines where I live, I am very lucky and usually always...
by Davinci
Fri Feb 08, 2019 7:51 pm
Forum: Personal Consumer Issues
Topic: Money saving move you regret the most?
Replies: 120
Views: 11448

Re: Money saving move you regret the most?

Money saving move you regret the most? Keeping old commuter car longer that I should off to save money on buying another one. Last year I did a lot of repairs, changed breaks, gas pump, sensors probably around $1500. Last week car was making a noise when making so turns I would need to replace both...
by Davinci
Fri Feb 08, 2019 7:23 pm
Forum: Personal Consumer Issues
Topic: Describe doing new car purchase paperwork when you collect the car
Replies: 30
Views: 1695

Re: Describe doing new car purchase paperwork when you collect the car

Describe doing new car purchase paperwork when you collect the car Timely question, I just went through this process yesterday and out of State. Here's my experience if it helps others: 1) Sales price was pre-negotiated directly by Costco, ended up over $2K below MSRP for a limited and highly seeke...
by Davinci
Fri Feb 08, 2019 2:15 am
Forum: Personal Consumer Issues
Topic: Mazda Miata as Daily Commute Fun Car?
Replies: 94
Views: 5768

Re: Mazda Miata as Daily Commute Fun Car?

Thank you all for all the thoughtful advice and recommendations. After driving several on the list and considering our family needs as well as my personal requirement for a fun commuter the winner that I have bought is: 2019 Honda Civic Si Sedan I loved the manual shifter, sporty additions that make...
by Davinci
Sat Feb 02, 2019 11:29 pm
Forum: Personal Consumer Issues
Topic: Mazda Miata as Daily Commute Fun Car?
Replies: 94
Views: 5768

Re: Mazda Miata as Daily Commute Fun Car?

Thank you all, I think you convinced me to skip the Miata as a commuter. Here's what's on my short list based on responses and research: I will go test drive them before I decide. 1) 2017 Mk7 VW GTI 2) 2017-2018 Honda Civic Si 3) 2017-2018 Honda Accord Hybrid 4) 2016-2017 Nissan 370Z 5) 2017-2018 To...
by Davinci
Sat Feb 02, 2019 9:51 pm
Forum: Personal Consumer Issues
Topic: Mazda Miata as Daily Commute Fun Car?
Replies: 94
Views: 5768

Re: Mazda Miata as Daily Commute Fun Car?

If operating cost, smooth driving in traffic, gas mileage, safety, space is a big concern but you want a stick shift, maybe consider a Mazda3?? Not nearly as much fun, FWD, not convertible...but still probably somewhat fun to drive. ThankyouJack, appreciate it great suggestion will go test drive th...
by Davinci
Sat Feb 02, 2019 9:32 pm
Forum: Personal Consumer Issues
Topic: Mazda Miata as Daily Commute Fun Car?
Replies: 94
Views: 5768

Re: Mazda Miata as Daily Commute Fun Car?

1. The fun factor of standard shift goes away with traffic. 2. 6 feet? Healthy spine. Commute? No Problem. 3. Great view of truck tires and doors of average SUV cars in traffic. Be sure to have quick reaction time. 4. On Sunday morning drives on winding roads or open land. Well worth it. 5. On a da...
by Davinci
Sat Feb 02, 2019 9:02 pm
Forum: Personal Consumer Issues
Topic: Mazda Miata as Daily Commute Fun Car?
Replies: 94
Views: 5768

Mazda Miata as Daily Commute Fun Car?

My 17 year old commuter car with 165k miles needs a repair of $1200 and not worth it. I started looking on the typical bogleheads cars, honda civic/accord, toyota corolla/camry. I have seen on several threads the recommendation of the Mazda Miata as a fun car to drive and was wondering if others as ...
by Davinci
Thu Jan 31, 2019 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Starting from zero..literally.
Replies: 45
Views: 5235

Re: Starting from zero..literally.

What do I say to this man to solidify the fact he can start a new life just fine?
Tell him that he is doing much better than most for his age. I recently read an article that the average 30 year has ~$100k in student loans, $50k in credit card debt and essentially zero retirement.
by Davinci
Wed Jan 30, 2019 10:17 pm
Forum: Personal Consumer Issues
Topic: Please share some lifestyle creep you regret.
Replies: 130
Views: 11735

Re: Please share some lifestyle creep you regret.

All the things bought in Amazon prime and subscriptions that were not really needed but great deals. :beer

Before cleaning up we had in the order of 50 Amazon subscriptions. :oops:

We have a lot great deals still in boxes, plenty of gifts and things to last years. :oops:
by Davinci
Mon Jan 28, 2019 8:24 pm
Forum: Personal Investments
Topic: High Earners Mostly Use Taxable Accounts?
Replies: 167
Views: 14669

Re: High Earners Mostly Use Taxable Accounts?

True, but he also said gift. Maybe he meant that an inheritance is a gift in his mind. Sometimes people give assets while they are alive to the people who would get those assets as heirs. At the same time there is often confusion about the tax basis of gifted assets. Sometimes people who might liqu...
by Davinci
Mon Jan 28, 2019 8:16 pm
Forum: Investing - Theory, News & General
Topic: Unconventional investment choices
Replies: 86
Views: 7773

Re: Unconventional investment choices

Yes, essentially I do it at a high level, using US, developed ex-US, and emerging markets. So far I have done a little better than a static allocation, though I have underperformed a US only stock portfolio. I don't expect to see the full benefit for many years, if I see it at all. I wouldn't recom...
by Davinci
Mon Jan 28, 2019 2:24 am
Forum: Personal Investments
Topic: High Earners Mostly Use Taxable Accounts?
Replies: 167
Views: 14669

Re: High Earners Mostly Use Taxable Accounts?

Livesoft’s point is that if you can hold onto your taxable until you are a low earner in retirement, then you can pay zero capital gains taxes as you sell those holdings, which is equivalent to a Roth. There is the issue of tax cost on dividends & fund cap gains during the accumulation phase, it’s ...
by Davinci
Mon Jan 28, 2019 2:06 am
Forum: Investing - Theory, News & General
Topic: Unconventional investment choices
Replies: 86
Views: 7773

Re: Unconventional investment choices

adjust my stock allocation based on valuation. Since valuation based asset allocation takes many years or decades to play out (assuming it plays out at all), the changes I make are infrequent. For example, I currently have a heavy overweight to EM. I started upping my foreign allocation about 4 yea...
by Davinci
Sun Jan 27, 2019 10:11 pm
Forum: US Chapters
Topic: How Did You End Up Here?
Replies: 65
Views: 5727

Re: How Did You End Up Here?

I started worrying about my finances 4 years ago to be financially independent. Found the site just searching financial topics as someone recommended passive index funds and the search led me here. Read the Wiki and some of the recommended books and have been lurking and reading posts to learn since...
by Davinci
Sun Jan 27, 2019 6:16 pm
Forum: Investing - Theory, News & General
Topic: What did you learn from 2018 in the markets?
Replies: 114
Views: 8789

Re: What did you learn from 2018 in the markets?

Take a look at https://www.bogleheads.org/wiki/Behavioral_pitfalls for a list of pitfalls. We could create a Behavioral Pitfalls BINGO game card where players fill out squares with links to posts at Bogleheads.org that demonstrate a pitfall. A game could be played every week. The winner is the firs...
by Davinci
Sun Jan 27, 2019 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate as Passive Income
Replies: 46
Views: 3603

Re: Real Estate as Passive Income

Real Estate as Passive Income Unless you have a landlord is not passive income, it is active income. If no landlord, it can become like a part time job where you can be called anytime if you have a lot of properties. DW and myself analyzed this question recently as we were considering RE for income...
by Davinci
Sun Jan 27, 2019 2:38 pm
Forum: Personal Consumer Issues
Topic: How much car maintenance for low value, high mileage car?
Replies: 21
Views: 1847

Re: How much car maintenance for low value, high mileage car?

How much car maintenance for low value, high mileage car? Great question thankyoujack, I am in a similar position with a 17 year old Japanese car with 165k miles. Excellent résponses to the thread, I am keeping mine as long as possible as long as: 1) Its safe to drive 2) The repairs do not become v...
by Davinci
Sun Jan 27, 2019 1:20 am
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 205
Views: 34444

Re: Millionaire by 40 and How you Did it?

I noticed quite a few responses here include "we" implying there may be more than one income
Absolutely traveler this makes a huge difference probably more than 2X factor in most cases for many reasons.
by Davinci
Sun Jan 27, 2019 1:16 am
Forum: Personal Investments
Topic: Whole Portfolio Approach.
Replies: 8
Views: 838

Re: Whole Portfolio Approach.

Whole Portfolio Approach. mikeyzito22, Let me clarify because a lot of people gets confused by this and they end up duplicating 3 fund portfolio in every account and then splitting and diversifying a lot further and is not needed. Overall the less fund you have in all accounts the better. A much hi...
by Davinci
Sun Jan 27, 2019 1:03 am
Forum: Investing - Theory, News & General
Topic: Unconventional investment choices
Replies: 86
Views: 7773

Re: Unconventional investment choices

I practice long term market timing
asif408,

Can you please explain how this strategy is practiced and executed?

DaVinci
by Davinci
Sun Jan 27, 2019 12:59 am
Forum: Investing - Theory, News & General
Topic: What type of account to open first for a newborn?
Replies: 16
Views: 1387

Re: What type of account to open first for a newborn?

What type of account to open first for a newborn? Either 1 or 3 are fine options. Another consideration, do you get any state tax benefit in your state? I live in a state that has an unlimited amount for tax benefit and that was factor to go with 529. Only downside is that can only be used for educ...
by Davinci
Sun Jan 27, 2019 12:52 am
Forum: Personal Finance (Not Investing)
Topic: My daughter's inheritance.
Replies: 85
Views: 12975

Re: My daughter's inheritance.

I have talked to two financial advisors presenting various plans for the funds. Morgan Stanley proposed an Assets Under Management fee structure, and Edward Jones presented a fee-based-type investment plan with some passively, some actively managed investments. krberly, Sorry for your loss and this...
by Davinci
Sun Jan 27, 2019 12:30 am
Forum: Investing - Theory, News & General
Topic: What do you think about swing trading?
Replies: 97
Views: 4130

Re: What do you think about swing trading?

I appreciate your insights. Reading "The Little Book of Common Sense Investing" (and some other books) is on my TODO list. It is amazing all responses this thread generated. It shows the incredible knowledge, strong conviction and inflexible principles of the Bogleheads! :beer fingoals, I also reco...
by Davinci
Sun Jan 27, 2019 12:18 am
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th [2018]
Replies: 1066
Views: 104899

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

This has been popping up for several weeks now whenever you try to view account features from within an individual account, not just HSAs. You have to access this information from the all accounts view now. Got it thank you cash for the information, I tried the all accounts view and not seeing it e...
by Davinci
Sat Jan 26, 2019 8:21 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th [2018]
Replies: 1066
Views: 104899

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

Account Features In response to customer feedback, we are redesigning Account Features to improve the presentation of the information that's most important to you. If you are not seeing account-specific features at this time, please go to the All Accounts view to access features that may be availab...
by Davinci
Sat Jan 26, 2019 8:17 pm
Forum: Investing - Theory, News & General
Topic: The problem with TLH...
Replies: 46
Views: 3640

Re: The problem with TLH...

That is a loss of $7.90 per share, so the disallowed loss is 3.067 shares times $7.90 per share equals $24.23. Just make that adjustment on your tax return as shown in this thread: viewtopic.php?t=179414 Thank you very much livesoft, TLH Master! I really appreciate you continuous advice and guidanc...
by Davinci
Sat Jan 26, 2019 7:54 pm
Forum: Investing - Theory, News & General
Topic: For young investors not yet seen a bear market or recession. How do you truly know your risk tolerance and plan for it?
Replies: 103
Views: 6996

Re: For young investors not yet seen a bear market or recession. How do you truly know your risk tolerance and plan for

For young investors not yet seen a bear market or recession. How do you truly know your risk tolerance and plan for it? bornloopy, I would highly recommend to all young investors that have never been through a recession to take the time to read the whole classic "sheepdog" thread from 2008. Before ...
by Davinci
Sat Jan 26, 2019 7:10 pm
Forum: Investing - Theory, News & General
Topic: Emergency Fund
Replies: 24
Views: 2487

Re: Emergency Fund

Willthrill81, Thank you very much for the very detailed and thoughtful responses to my questions! That's a good point. Theoretically, a dual income household should be more financially secure than a single income household, but a book (and this is an excellent summary of the ideas it contained) from...
by Davinci
Sat Jan 26, 2019 6:32 pm
Forum: Investing - Theory, News & General
Topic: The problem with TLH...
Replies: 46
Views: 3640

Re: The problem with TLH...

2. In this case, I would say that 403(b) purchases do not create wash sales because it is not an IRA. Thank you Livesoft, I am hugely relieved that VTIAX is not a wash sale in 403b as not an IRA. 1. How many shares of VTSAX did you buy in your Roth on 12/21/2018? Let's call that R shares. What was ...
by Davinci
Sat Jan 26, 2019 5:25 pm
Forum: Investing - Theory, News & General
Topic: The problem with TLH...
Replies: 46
Views: 3640

Re: The problem with TLH...

livesoft wrote: ↑Thu Jan 24, 2019 10:07 am As for "worth it", I think everybody should become familiar enough with TLH that they actually do it at least one time in their lives. I would even encourage that they create a wash sale, so that they see these are not to be feared. That way, they will hav...
by Davinci
Sat Jan 26, 2019 4:13 pm
Forum: Investing - Theory, News & General
Topic: What do you think about swing trading?
Replies: 97
Views: 4130

Re: What do you think about swing trading?

This is a very accurate observation. People tend to be impressed by technical complexity
DaVinci concurs with Dave Matthew and adds that Simplicity is the ultimate sophistication!
by Davinci
Sat Jan 26, 2019 4:09 pm
Forum: Personal Investments
Topic: Ready to make the leap
Replies: 4
Views: 519

Re: Ready to make the leap

breaking up with my wealth planner, which I now have done lgjs, Very sincere congratulations to you on this important accomplishment! You just increased your annual returns by 1-1.5% which compounded over time make a huge difference! Now the next step is to set up a simple 3 fund lazy portfolio and...
by Davinci
Sat Jan 26, 2019 4:04 pm
Forum: Personal Investments
Topic: Portfolio Help: behind and feeling lost
Replies: 11
Views: 1562

Re: Portfolio Help: behind and feeling lost

Portfolio Help: behind and feeling lost Macha, Welcome to the forum, you came to the right place! Here are some thoughts? First of all, you do need to spend your money that you can save on a financial planner, scratch that! It is never too late, you are a good age to recover and you are doing much ...
by Davinci
Sat Jan 26, 2019 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Where do you keep your emergency fund?
Replies: 62
Views: 7590

Re: Where do you keep your emergency fund?

Where do you keep your emergency fund? Currently in Ally savings but I am seriously considering moving part of it to Vanguard PMM to quickly execute RBD in Taxable if the rare opportunity presents itself. RBD under a rare opportunity and with an objective criteria I think is reasonable. Livesoft ha...
by Davinci
Sat Jan 26, 2019 3:33 pm
Forum: Investing - Theory, News & General
Topic: Cryptocurrency
Replies: 66
Views: 5981

Re: Cryptocurrency

Why do people still invest in crypto currencies? Is there still potential in this field?
Because most people need instant gratification and believe that they can become instant millionaires with crypto, swing trading on hot stocks, buying the next Apple IPO, pyramid schemes, etc..
by Davinci
Sat Jan 26, 2019 3:29 pm
Forum: Personal Consumer Issues
Topic: Car maintenance - dealer or independent shop?
Replies: 51
Views: 2970

Re: Car maintenance - dealer or independent shop?

It is a dealer associated service - basically go to Costco.com auto buying and they have a link for service - it is about 10% off but since Costco partners with them - I think the assumption is that they do good work or Costco will drop them IMO... Interesting, I never heard about that, I have been...
by Davinci
Sat Jan 26, 2019 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Why doesn't a lot of money feel like a lot of money?
Replies: 205
Views: 22540

Re: Why doesn't a lot of money feel like a lot of money?

One thing that helped my kids relate is a trip we made to Mexico once, where our tour van drove by a shack that turned out to be the local public school. That had a significant impact on both out kids - again, driving home the idea that their current lifestyles are a luxury. Even since then (and pe...
by Davinci
Sat Jan 26, 2019 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Regretting home purchase and move - advice needed
Replies: 21
Views: 3297

Re: Regretting home purchase and move - advice needed

Regretting home purchase and move - advice needed Why did you move in the first place? Reduced commute time? You mention a much shorter commute as DarkHelmetII pointed out is huge, that is exactly my commute time of 45mins each way but I do not move for many reasons. You also mentioned a larger hou...