Search found 53 matches

by FinancialRookie
Thu Aug 08, 2019 11:35 am
Forum: Personal Investments
Topic: My NEW Portfolio + The State of the Market (DOWN)
Replies: 56
Views: 3561

Re: My NEW Portfolio + The State of the Market (DOWN)

I think the market was down 3-4% for the week? I don't know for sure because I don't really pay attention. This is nothing. If 4% in a week concerns you then you should definitely be putting money into high quality treasuries as well. Nothing wrong with that, it just means your risk tolerance is not...
by FinancialRookie
Fri Jun 21, 2019 8:49 am
Forum: Personal Consumer Issues
Topic: Tree stump, can't use a stump grinder. Solution?
Replies: 64
Views: 6267

Re: Tree stump, can't use a stump grinder. Solution?

I would recommend burning with hot coals. However, check with your local health department first to make sure you do not need a burn permit. All jurisdictions are different, a phone call could save you a ticket or a fire engine showing up because a nosy neighbor called.
by FinancialRookie
Thu Jun 13, 2019 11:25 am
Forum: Personal Investments
Topic: Purchasing home with less than 20% downpayment experiences?
Replies: 52
Views: 3719

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

We put 10% down (the minimum for a condo in my state) but we were doing an arm's length sale from a family member with a gift of equity that got us to ~18%. I do have to pay PMI but only for a year or two. Didn't have any issues.
by FinancialRookie
Mon Mar 18, 2019 12:12 pm
Forum: Personal Investments
Topic: What 457b company? Lost!
Replies: 39
Views: 1876

Re: What 457b company? Lost!

First of all, welcome to the brotherhood. 30 years is a long time, but it will go by before you know it. Seems like a lot of people have already answered your question so I'll tell you instead to take care of your body and mind. Work out regularly, drink in moderation, and get plenty of sleep. Shift...
by FinancialRookie
Thu Feb 14, 2019 11:23 am
Forum: Personal Investments
Topic: Theory: NOW is the Best Time for Total World Stock
Replies: 145
Views: 19688

Re: Theory: NOW is the Best Time for Total World Stock

My strategy has always been to split the difference. Vanguard now recommends ~40%, my tendency to want 0%, so I'm shooting for ~20% Intl. Seems reasonable to me.
by FinancialRookie
Sat Feb 09, 2019 1:57 pm
Forum: Personal Investments
Topic: I'm worried about my pension
Replies: 15
Views: 2756

I'm worried about my pension

I know there are a couple actuaries and fund managers floating around on the forum and wanted to get your perspective. I will be eligible for a Fire Service Pension Plan in 16 more years. Currently the plan services approx 11k employees, retirees, and beneficiaries. We recently had an overview sessi...
by FinancialRookie
Thu Feb 07, 2019 2:33 pm
Forum: Personal Investments
Topic: What do you use for your bond exposure?
Replies: 47
Views: 3719

Re: What do you use for your bond exposure?

bloom2708 wrote:
Thu Feb 07, 2019 2:20 pm
What type of account would these bond funds be in? Tax-advantaged or Taxable/Brokerage
All tax deferred and/or tax free for bonds.
by FinancialRookie
Thu Feb 07, 2019 2:02 pm
Forum: Personal Investments
Topic: What do you use for your bond exposure?
Replies: 47
Views: 3719

What do you use for your bond exposure?

Big picture when I look at the purpose of my bond exposure, it will be to act as ballast for my account balance, and to provide consistent guaranteed income. For me specifically, when I retire with my pension that will cover all of my basic living expenses I will use the interest from bonds and divi...
by FinancialRookie
Tue Feb 05, 2019 4:58 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 309561

Re: HEDGEFUNDIE's excellent adventure [3x leveraged ETF strategy]

I find this fascinating. I'm curious, what is the downside risk? What if the worst 10% outcome happens, what would your final numbers look like? How far off would your final number be from simply investing in VFIAX?
by FinancialRookie
Tue Jan 29, 2019 1:51 pm
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 412
Views: 47643

Re: What lifestyle creep made you happier?

pennywise wrote:
Wed Jan 23, 2019 8:56 pm
ThankYouJack wrote:
Wed Jan 23, 2019 8:43 pm
I'm curious for those who were able to make increase in their lifestyle, what things actually made you happier?

2. Regular massages
+1
by FinancialRookie
Tue Jan 29, 2019 12:06 pm
Forum: Personal Investments
Topic: High Earners Mostly Use Taxable Accounts?
Replies: 167
Views: 14692

Re: High Earners Mostly Use Taxable Accounts?

HEDGEFUNDIE wrote:
Sun Jan 27, 2019 8:36 pm
401k with Mega Backdoor Roth: 56k x2
Backdoor Roth: 6k x2
HSA: 7k
529: 15k x2

That’s $161k in tax advantaged savings per year. Taxable schmaxable...
Don't forget EE savings bonds 10k x2 and i bonds 10k x2!
by FinancialRookie
Thu Jan 24, 2019 4:44 pm
Forum: Investing - Theory, News & General
Topic: Small-cap tilt
Replies: 24
Views: 2276

Re: Small-cap tilt

2.01%
by FinancialRookie
Thu Jan 24, 2019 4:21 pm
Forum: Personal Consumer Issues
Topic: Cleaning cast iron skillet
Replies: 37
Views: 3021

Re: Cleaning cast iron skillet

Just cook some bacon in it and smear the grease around. Good to go :wink:
by FinancialRookie
Mon Jan 21, 2019 9:30 pm
Forum: Personal Investments
Topic: Setting a personal AA glide path
Replies: 14
Views: 1321

Re: Setting a personal AA glide path

I'm 31 and 100% stocks right now. I will be retiring with a pension at 46 at which point my 457 and my wife's 403b will still be 100% but our roths will be 50/50. Every year I will be doing a roth conversion out of my wife's 403b to the roth while spending down my 457 which will naturally increase o...
by FinancialRookie
Fri Jan 18, 2019 2:50 pm
Forum: Personal Consumer Issues
Topic: Netflix Recommendations
Replies: 53
Views: 6085

Re: Netflix Recommendations

"You" just finished it yesterday. So. Good.
by FinancialRookie
Fri Jan 18, 2019 2:47 pm
Forum: Personal Investments
Topic: Differences in Investment Approach
Replies: 46
Views: 1966

Re: Differences in investment approach

But my Subaru is only 10 years old? :D You are not yet a skinflint. I am a half flint as I own one car that is 16 years old and another that is 3 years old as a result of going over to the dark side a little while back -- but it is still a Subaru. I'm big on goal setting, so something to work towar...
by FinancialRookie
Fri Jan 18, 2019 2:40 pm
Forum: Personal Investments
Topic: Differences in Investment Approach
Replies: 46
Views: 1966

Re: Differences in investment approach

dbr wrote:
Fri Jan 18, 2019 10:41 am
RJC wrote:
Fri Jan 18, 2019 10:24 am
dbr wrote:
Fri Jan 18, 2019 10:19 am

those who drive fifteen year old Subarus
But my Subaru is only 10 years old? :D
by FinancialRookie
Thu Jan 17, 2019 7:51 pm
Forum: Personal Investments
Topic: Very short term cash - where to put it
Replies: 13
Views: 2154

Re: Very short term cash - where to put it

FDIC insurance is capped at $250k I believe, so if you were really worried about it you could do ~$250 at ally like you have and open an account at synchrony. They have comparable interest rates.
by FinancialRookie
Wed Jan 16, 2019 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 694
Views: 72277

Re: Why are you NOT buying rental properties?

Because I'm lazy and will become rich (most likely. Past results do not guarantee future returns) given enough time without lifting a finger through my automated investing. My job is hard enough, I don't need a second one.
by FinancialRookie
Sun Jan 13, 2019 4:47 pm
Forum: Personal Consumer Issues
Topic: 5 days. What to do in Las Vegas and Grand Canyon
Replies: 48
Views: 3169

Re: 5 days. What to do in Las Vegas and Grand Canyon

I'm thinking of planning a trip to visit family in Las Vegas but also thinking about seeing the Grand Canyon. We'll be coming from the Philly area. 2 adults, 2 kids under 10. Looking for suggestions on things to do around the area. We were thinking about flying into Phoenix and driving to the Grand...
by FinancialRookie
Sat Jan 12, 2019 12:30 pm
Forum: Personal Investments
Topic: What to do after maxing out all tax advantaged options?
Replies: 33
Views: 4414

Re: What to do after maxing out all tax advantaged options?

Me and my wife max out our def comps, Roth IRAs, and 529 ( Up to state credit - 10,000 ). Is there a boglehead school of though on the next logical move for excess savings? Ibonds to the max allowed, taxable account, reits, etc, etc....? --Contributing max to I-bonds ($10k per year each, which is $...
by FinancialRookie
Sat Jan 12, 2019 12:26 pm
Forum: Investing - Theory, News & General
Topic: Minimizing Current Income in Taxable Portfolio
Replies: 3
Views: 406

Re: Minimizing Current Income in Taxable Portfolio

dbr wrote:
Sat Jan 12, 2019 12:24 pm

I also wait for someone who has a really good idea how to stay under limits for ACA.
Easy, be poor! :happy
by FinancialRookie
Sat Jan 12, 2019 12:20 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 188
Views: 21676

Re: Around 43K in dividends last year - feel good about it ?

Would all of you feel the same if all your mutual funds decided simultaneously and unilaterally to liquidate your entire portfolio and send you a big check? I wouldn't think so... Exactly. Imagine if Vanguard issued him a $2m dividend. The people in this thread congratulating him or denying that re...
by FinancialRookie
Fri Jan 11, 2019 4:47 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 188
Views: 21676

Re: Around 43K in dividends last year - feel good about it ?

I'd rather have $14,000 in untaxed gains than $14,000 in taxed dividends. Some taxpayers realize that those dividends can create even more taxes on Social Security, increase Medicare premiums, reduce tax credits, and push one over a tax cliff. I agree with this. Needlessly paying taxes is just plai...
by FinancialRookie
Fri Jan 11, 2019 1:52 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 188
Views: 21676

Re: Around 43K in dividends last year - feel good about it ?

I'd rather have $14,000 in untaxed gains than $14,000 in taxed dividends. Some taxpayers realize that those dividends can create even more taxes on Social Security, increase Medicare premiums, reduce tax credits, and push one over a tax cliff. I agree with this. Needlessly paying taxes is just plai...
by FinancialRookie
Thu Jan 10, 2019 11:04 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 188
Views: 21676

Re: Around 43K in dividends last year - feel good about it ?

livesoft wrote:
Thu Jan 10, 2019 7:34 pm
You should feel terrible about the $14K in taxable dividends.
Terrible? Seriously? Sometimes I think some people on this forum live in an alternate universe.

You should feel proud. That is an excellent accomplishment. Your total dividends is more than my annual salary. Keep up the good work.
by FinancialRookie
Wed Jan 09, 2019 7:57 pm
Forum: Personal Investments
Topic: Help me Built a Dividend Growth Investment Portfolio
Replies: 33
Views: 5326

Re: Help me Built a Dividend Growth Investment Portfolio

First, let me say that I use a total market ETF approach in my pre-tax and Roth accounts. Secondly, I use a dividend approach for my taxable account, I am in the 12% tax bracket now and for the foreseeable future so my dividends are taxed favorably. I use the DJIA. 10 of the companies are dividend a...
by FinancialRookie
Sat Jan 05, 2019 6:50 pm
Forum: Personal Investments
Topic: International investing - any other approaches than Total International
Replies: 8
Views: 737

Re: International investing - any other approaches than Total International

I'm not a big fan on investing internationally, but I know it is probably a good idea so I do it anyways. So I do mostly developed large cap value, small cap, SCV, EM, and EM small cap to spice things up a bit and make it more interesting for myself. It is not a large allocation in my overall portfo...
by FinancialRookie
Sat Jan 05, 2019 5:57 pm
Forum: Personal Consumer Issues
Topic: Paying (paper) cash for daily transactions
Replies: 83
Views: 4161

Re: Paying (paper) cash for daily transactions

I'm 31 and my wife and I use cash for our discretionary spending because we were having a hard time not swiping the card haha. All of our re-occurring payments (internet, gym) go on the card along with gas and groceries (who wants to use cash for those) but eating out, coffee, booze, etc we use cash...
by FinancialRookie
Fri Jan 04, 2019 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Does a PMI in lieu of 20% down ever make sense?
Replies: 48
Views: 3276

Re: Does a PMI in lieu of 20% down ever make sense?

Rent for my building is $1550 per month, my mortgage, including HOA fees of $270 per month and PMI is $1306. I already have 17% equity so as soon as I hit 20 it will be gone. Sometimes it is worth it.
by FinancialRookie
Thu Jan 03, 2019 4:10 pm
Forum: Investing - Theory, News & General
Topic: Will you contribute the max to your IRA and then invest it all in equities for the first market day of the new year?
Replies: 160
Views: 9634

Re: Will you contribute the max to your IRA and then invest it all in equities for the first market day of the new year?

I would if I had $12k laying around. My Roth contributions will be sporadic throughout the year due to fluctuations in my income as the year goes along. Roth money this year will be coming from overtime and side job money.
by FinancialRookie
Thu Jan 03, 2019 11:53 am
Forum: Personal Consumer Issues
Topic: Engagement Ring (Affordable)
Replies: 136
Views: 8625

Re: Engagement Ring (Affordable)

mhalley wrote:
Thu Jan 03, 2019 11:46 am
I hear Costco has good prices, but the main thing is the ability to return it. :oops:

https://clark.com/shopping-retail/3-way ... a-diamond/
+1 on costco!
by FinancialRookie
Thu Jan 03, 2019 11:52 am
Forum: Personal Consumer Issues
Topic: Engagement Ring (Affordable)
Replies: 136
Views: 8625

Re: Engagement Ring (Affordable)

Try and find a local dealer, not one of the box stores like Kay or Jared, they are a rip off. Mom and pop shops are able to be very flexible. For example, my now wife picked out what band she wanted (her best friend slipped me the info) and I picked out the diamond, however with the band included it...
by FinancialRookie
Thu Jan 03, 2019 11:42 am
Forum: Personal Consumer Issues
Topic: What Sudden Needs of Cash Do You Prepare For?
Replies: 64
Views: 3967

Re: What Sudden Needs of Cash Do You Prepare For?

I think everyone's emergency fund is going to be very specific to their needs. For example, I mainly think of ours for out of pocket medical expenses since I have a high risk of becoming injured at my job, however my medical insurance is very good and I have both short and long term disability insur...
by FinancialRookie
Wed Jan 02, 2019 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Career Switch Pt. 2 (IT > Fire Fighter)
Replies: 19
Views: 2231

Re: Career Switch Pt. 2 (IT > Fire Fighter)

You are correct it is a competitive industry. I know when I got hired 15 years ago it was about 50 applicants for every position. The process took me 15 months and I got hired my first time through. There are guys in my dept who applied over 8 times and took 10 years to get hired. We had over 5k pe...
by FinancialRookie
Wed Jan 02, 2019 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Career Switch Pt. 2 (IT > Fire Fighter)
Replies: 19
Views: 2231

Re: Career Switch Pt. 2 (IT > Fire Fighter)

I am a career firefighter in the 7th busiest dept in the country on the east coast. I took EMT class at night before I got hired and then took a 20% pay cut when I finally got hired from my previous job. The process took me 15 months and I got hired my first time through. There are guys in my dept w...
by FinancialRookie
Sat Dec 22, 2018 12:04 pm
Forum: Investing - Theory, News & General
Topic: Who's buying today? where's all the "dry powder" folks at? :)
Replies: 255
Views: 25603

Re: Whose buying today? where's all the "dry powder" folks at? :)

We buy every Friday whether the market is up, down, or sideways. I've barely paid attention the past couple months but glad to see we're buying on sale this week! Start with Mondays, please! https://www.investopedia.com/day-trading/best-time-day-week-month-trade-stocks/ I have no control over it, F...
by FinancialRookie
Thu Dec 20, 2018 5:05 pm
Forum: Investing - Theory, News & General
Topic: Who's buying today? where's all the "dry powder" folks at? :)
Replies: 255
Views: 25603

Re: Whose buying today? where's all the "dry powder" folks at? :)

We buy every Friday whether the market is up, down, or sideways. I've barely paid attention the past couple months but glad to see we're buying on sale this week!
by FinancialRookie
Tue Dec 11, 2018 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: are pre-fabricated / manufactured homes a bad investment?
Replies: 101
Views: 8884

Re: are pre-fabricated homes a bad investment?

First, I'll note that I understand what the OP is asking and it has nothing to do with a trailer. I have friends who had a pre-fab home built. It's in a Chalet style and if they had not pointed out some of the things that sort of make such a house even recognizable vs a stick built house, I would n...
by FinancialRookie
Tue Dec 11, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Too Much Savings Regret
Replies: 112
Views: 18047

Re: Too Much Savings Regret

Indeed. Because you can't get those years back. Ever. I don’t remember who said it but this expression sums it up best: “money is a renewable resource; time is not.” The advantage of having a high income is you get to live for today and tomorrow. When wife and I had a combined income of ~90K we sav...
by FinancialRookie
Tue Dec 11, 2018 1:10 pm
Forum: Personal Investments
Topic: Portfolio review for 29 & 30 year olds.
Replies: 18
Views: 2112

Re: Portfolio review for 29 & 30 year olds.

The past few years, we have been building a rental property portfolio and have just started contributing and looking seriously at my wife and I's liquid investments/retirement and would appreciate any input, advice, or suggestions. I'm a firefighter as well with a similar salary, quite impressive y...
by FinancialRookie
Sat Dec 01, 2018 9:56 pm
Forum: Personal Investments
Topic: Saving for Retirement when one has a Pension
Replies: 60
Views: 7041

Re: Saving for Retirement when one has a Pension

Nothing in life is guaranteed. If you under save and all of a sudden your pension gets cut or disappears, then what? Just because it might not be fair doesn't mean it will pay the bills.
by FinancialRookie
Sat Dec 01, 2018 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Too Much Savings Regret
Replies: 112
Views: 18047

Re: Too Much Savings Regret

My wife and I live off a fireman and nurse's salaries, so we are not rich by any means. We are thankfully able to max out our retirement accounts, and we still are able to travel all over the world because those two things are a high priority for us. We have made choices that others sometimes have a...
by FinancialRookie
Sat Dec 01, 2018 1:16 pm
Forum: Investing - Theory, News & General
Topic: Why are REITS a separate asset class but healthcare is not?
Replies: 55
Views: 3457

Re: Why are REITS a separate asset class but healthcare is not?

You'll notice that REITs or even real estate of any kind are not listed as a sector. I don't know why. Maybe REIT stocks fall into one of the categories. Maybe REIT stocks fall into several of the categories. Maybe they are something else entirely. I have read that REIT's are classified under the F...
by FinancialRookie
Mon Nov 26, 2018 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Financial goals for 2019 (specific)
Replies: 83
Views: 8366

Re: Financial goals for 2019 (specific)

1. My OT at work has all but dried up, which is what I used to max out all of my retirement accounts. So in 2019 I'd like to make $12k in active and passive side hustle money to make sure I can continue to max our Roths. Diversifying my income streams will be very important this year. 2. Read an inv...
by FinancialRookie
Sat Nov 24, 2018 7:25 pm
Forum: Personal Investments
Topic: Help with small cap exposure
Replies: 2
Views: 398

Re: Help with small cap exposure

nix4me wrote:
Sat Nov 24, 2018 2:04 pm
IJR is a good one.
Perfect, just what I was looking for. I did adjust VEU to VXUS to cover small cap international exposure as well.

Thank you.
by FinancialRookie
Sat Nov 24, 2018 1:56 pm
Forum: Personal Investments
Topic: Help with small cap exposure
Replies: 2
Views: 398

Help with small cap exposure

Good afternoon everyone. I've been scouring the wiki and the forum, but frankly I just got off a 24 hour shift and am having a hard time seeing straight. I am looking to get some small cap exposure and was looking for suggestions. I am currently fully invested in my 457 and my wife's 403b in VFIAX a...
by FinancialRookie
Sat Nov 24, 2018 1:16 pm
Forum: Personal Consumer Issues
Topic: Denied credit card opening
Replies: 24
Views: 2173

Re: Denied credit card opening

I've been churning for the last few years and have not no issues. I'm now starting to be denied. Reason stated is "Too many cards opened in the last 24 months". I have no financial issues whatsoever so it seems that their denial is strictly based on my frequently churning. I have no plans to take o...
by FinancialRookie
Fri Nov 23, 2018 12:46 pm
Forum: Personal Consumer Issues
Topic: Considering buying a dirt bike
Replies: 29
Views: 3568

Re: Considering buying a dirt bike

I'm considering buying a street legal dirt bike. I'd ride it mostly just to explore on back roads and through the woods. I wouldn't do anything that wild with it. I've never ridden one (or a motorcycle) but have ridden/driven a bunch of things so I think I'd be able to get the hang of it relatively...
by FinancialRookie
Fri Nov 23, 2018 12:14 pm
Forum: Personal Investments
Topic: Question about retirement. Do I build enough cash/investments to draw money from or build investments that earn me money
Replies: 14
Views: 2306

Re: Question about retirement. Do I build enough cash/investments to draw money from or build investments that earn me m

I invest nearly 90% of my savings in the S&P500 vfiax index, a total return approach, since that is what is available to me in my 457. I do plan on only spending my dividends in retirement but I am one of the lucky few to still have a government pension when I retire that will cover nearly all my ex...