Search found 166 matches

by TimeTheMarket
Fri Sep 25, 2020 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Ally Bank savings interest rate dropping from 0.8% to 0.6%
Replies: 117
Views: 10646

Re: Ally Bank savings interest rate dropping from 0.8% to 0.6%

Wow, how low can it go? 0%. I don't see individual savings accounts going lower. Maybe .01% or something. I'm about to clear out what I have in savings and buy stocks. I can't justify keeping money in a bank at these rates. Screw it. So-called "high yield savings accounts" don't exist anymore. Savi...
by TimeTheMarket
Fri Sep 25, 2020 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Ally Bank savings interest rate dropping from 0.8% to 0.6%
Replies: 117
Views: 10646

Re: Ally Bank savings interest rate dropping from 0.8% to 0.6%

Wow, how low can it go? 0%. I don't see individual savings accounts going lower. Maybe .01% or something. I'm about to clear out what I have in savings and buy stocks. I can't justify keeping money in a bank at these rates. Screw it. So-called "high yield savings accounts" don't exist anymore. Savi...
by TimeTheMarket
Fri Sep 25, 2020 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Wife Quitting High Earning Job?
Replies: 56
Views: 8303

Re: Wife Quitting High Earning Job?

No brainer. Have her take time off, spend with the kids and her parents, and she can "She could probably secure similar employment in a year or so if she felt she made the wrong move so not sure how real that risk is." if needed. Your net worth is ridiculous as it is. Your wife could spend the rest ...
by TimeTheMarket
Fri Sep 25, 2020 8:25 am
Forum: Personal Investments
Topic: Pay more on 2.49% car loan or invest in taxable?
Replies: 33
Views: 2580

Re: Pay more on 2.49% car loan or invest in taxable?

Math says invest, but in your case I'd probably pay it off. Payments in general are a pain in the ass. It's nice having a paid off car.
by TimeTheMarket
Fri Sep 25, 2020 8:25 am
Forum: Personal Investments
Topic: VTSAX for roughly 10 year investment?
Replies: 11
Views: 1794

Re: VTSAX for roughly 10 year investment?

I'd invest, just don't count on it being higher than it is today. But, based on historic trends, its odds of being higher are very high (no I don't have a number).
by TimeTheMarket
Wed Sep 23, 2020 7:11 am
Forum: Investing - Theory, News & General
Topic: 'Wealth Calculator' in Millionaire Next Door
Replies: 33
Views: 3903

Re: 'Wealth Calculator' in Millionaire Next Door

I love the millionaire next door but their equation here is just idiotic. I can't justify it at all. A 25 year old making $100k just out of school should have $250k net worth but if he worked at that same job for 25 more years, when he's 50 it should only be $500k? It's just a silly equation.
by TimeTheMarket
Mon Sep 21, 2020 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 260
Views: 65934

Re: Regret early retirement/downsizing

I think most people do not regret retiring early especially if they do not have money issues. Just based on friends and family. The most common thing I hear from them is "I wish I could/would have done it sooner." I've not looked for a poll, but I do spend time on reddit in the fire forum and I hav...
by TimeTheMarket
Mon Sep 21, 2020 6:45 am
Forum: Investing - Theory, News & General
Topic: Is anyone waiting until after the election?
Replies: 309
Views: 20136

Re: Is anyone waiting until after the election?

This isn't timing the market, at least not for greed, this is a purely risk aversion or anti-volitility play A rose by any other name. It's surprising how often I see people here call things not market timing which are clearly market timing. As for buying in now? I absolutely get people's fear. 200...
by TimeTheMarket
Mon Sep 21, 2020 6:32 am
Forum: Personal Investments
Topic: Can I afford a $1,400,000 house
Replies: 112
Views: 16573

Re: Can I afford a $1,400,000 house

Often in these posts the person asking the question already has an answer in mind, any advice that matches their preconceived answer they will listen to and any advice that contradicts it they will dismiss. OP hasn't posted in a week. Is probably muttering, "Those cheap bastard, Toyota-driving resi...
by TimeTheMarket
Mon Sep 21, 2020 6:27 am
Forum: Personal Finance (Not Investing)
Topic: Reason not to rent out your old house?
Replies: 58
Views: 4728

Re: Reason not to rent out your old house?

Reasons not to include, and are not limited to: - opportunity cost of the equity tied up in your old house - not wanting to be a landlord and watching your nice (?) house trashed - not wanting to be a landlord when the government has decided they can issue concurrent eviction moratoriums - not havin...
by TimeTheMarket
Mon Sep 21, 2020 6:26 am
Forum: Personal Finance (Not Investing)
Topic: Paying BofA credit card bill online?
Replies: 35
Views: 1963

Re: Paying BofA credit card bill online?

I have multiple BoA accounts, never paid by check. Within bank of america I have configured an external bank account, so when I pay bills BoA knows my routing + checking number at my other bank and pulls via ACH. I never initiate payments from the other bank; they are all initiated from BoA as a pull.
by TimeTheMarket
Sun Sep 13, 2020 8:02 am
Forum: Personal Finance (Not Investing)
Topic: New Home purchase strategy
Replies: 8
Views: 957

Re: New Home purchase strategy

This is a common way to do what you’re doing.
by TimeTheMarket
Sun Sep 13, 2020 7:53 am
Forum: Personal Finance (Not Investing)
Topic: What % of income to spend on car?
Replies: 122
Views: 8524

Re: What % of income to spend on car?

Dave Ramsey, who in general is not loved by Bogleheads, has a general rule that the total combined value of all assets with motors you own should not exceed 50% of your household take home pay. Also, buying new should not be considered until your net worth exceeds $1M. So I guess sailboats and glid...
by TimeTheMarket
Sun Sep 13, 2020 7:12 am
Forum: Personal Investments
Topic: I’ve got 50K to invest in an ultra aggressive portfolio—seeking growth to 1 Million
Replies: 76
Views: 7652

Re: I’ve got 50K to invest in an ultra aggressive portfolio—seeking growth to 1 Million

Send it to me. In a year I’ll give you back $25k, which will put you $25k ahead of where you’re going to otherwise be. Win win for both of us.
by TimeTheMarket
Thu Sep 10, 2020 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: What % of income to spend on car?
Replies: 122
Views: 8524

Re: What % of income to spend on car?

HARD NO on borrowing from parents. You have 1/4M net worth and need to borrow $10k from parents for a car @ 30 years old while you already live at home? Jump out of the nest!

Otherwise, you can afford this fine at your income/net worth.
by TimeTheMarket
Thu Sep 10, 2020 1:01 pm
Forum: Personal Investments
Topic: What to do, if anything, about a single stock (XOM)
Replies: 15
Views: 1478

Re: What to do, if anything, about a single stock (XOM)

I bought some XOM in March. It's a turd. I should sell it and I advise you to do that. Don't get emotionally attached to it. I'm not selling mine, because I'm just going to rage-hold it until it goes up, come hell or high water. I bought a trivial amount so this sort of emotional silliness from me I...
by TimeTheMarket
Tue Sep 08, 2020 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Dog Bite Case (for real - and I own the dog)
Replies: 56
Views: 7655

Re: Dog Bite Case (for real - and I own the dog)

My vote is to handle through insurance. My concern is that otherwise you may miss something opening yourself up to significantly greater liability. My 2 cents. I love this response. I also agree to go this route. They can also play interference. My kid was bitten by a dog at lowes this summer. Very...
by TimeTheMarket
Tue Sep 08, 2020 6:34 am
Forum: Personal Finance (Not Investing)
Topic: How Much House Can We Afford in HCOL Area?
Replies: 300
Views: 19614

Re: How Much House Can We Afford in HCOL Area?

Stop even considering the stock. You could get fired. Yes, you could. Or the shares could crumble in value. Until it is money in-hand it is nothing.

So does a $2 M house make sense on $260k/yr income? Not without a lot more than 20% down.
by TimeTheMarket
Tue Sep 08, 2020 6:25 am
Forum: Personal Investments
Topic: Real Estate investing
Replies: 9
Views: 972

Re: Real Estate investing

if I want to read up on investing in local real estate with extra money, what is the best book for that? Read all the local, state and federal regulations on tenant rights in your area. Landlording & its risks changed dramatically with COVID--and it is not going back to the pre-Covid times. Histori...
by TimeTheMarket
Tue Sep 08, 2020 6:18 am
Forum: Personal Investments
Topic: Are we being too conservative for our retirement?
Replies: 39
Views: 5051

Re: Are we being too conservative for our retirement?

You hate to lose money but you already lost a 7 digit amount by being out of equities.
by TimeTheMarket
Sun Sep 06, 2020 5:53 am
Forum: Personal Finance (Not Investing)
Topic: Take Package/Severance (in mid-30's)?
Replies: 23
Views: 3957

Re: Take Package/Severance (in mid-30's)?

You’ll die if you stay.

Take the money and learn something else and get a new career. You’re too young to hang on toot and nail.
by TimeTheMarket
Sun Sep 06, 2020 5:51 am
Forum: Personal Investments
Topic: Convincing teenager to invest in Roth
Replies: 109
Views: 5898

Re: Convincing teenager to invest in Roth

They are at different points in their lives. It will be literally impossible to geT them go see the benefit of long term investing as you do. Do you remember being 17? I do. Long term investing? Hell no.
by TimeTheMarket
Wed Sep 02, 2020 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford to intentionally go backward in compensation?
Replies: 67
Views: 5061

Re: Can I afford to intentionally go backward in compensation?

Do it. Your total comp household goes from about $425 to $325.And you hate your current job. Yes, ideally you wait 10 years for more money, but is that worth 10 years more of pain? No. It's clear to me you can make ends meet and continue to aggressively save at the new income level. I make less than...
by TimeTheMarket
Wed Sep 02, 2020 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Offered a 2nd job (contract) Any pitfalls?
Replies: 33
Views: 1726

Re: Offered a 2nd job (contract) Any pitfalls?

based on common sense and more importantly your company guidelines posted above, in my opinion you're okay taking a second job, in tech. It just cannot conflict with your main job, and it cannot be competitive.
by TimeTheMarket
Tue Sep 01, 2020 6:56 pm
Forum: Personal Investments
Topic: 400k cash, fear of inflation
Replies: 46
Views: 4261

Re: 400k cash, fear of inflation

Inflation should worry you less than the fact you’re throwing away $35k/year in missed returns by not having the money invested.
by TimeTheMarket
Tue Sep 01, 2020 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: adult child moving back
Replies: 52
Views: 11113

Re: adult child moving back

My daughter almost 23 wants to move back with me, work part-time at minimum wage job, take classes at community college. She really wants to continue working part time, but IDK if she could handle it with school. She is interested in journalism, editing, maybe graphic arts. I stopped reading after ...
by TimeTheMarket
Tue Sep 01, 2020 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: HELP with any advice for dealing with Paypal.
Replies: 25
Views: 1498

Re: HELP with any advice for dealing with Paypal.

So sorry this happened to you. You've been robbed. Not saying you are being robbed; it happened. I doubt there is anything you can do. I basically stopped selling anything online a few years ago as there is zero seller protection. All of these companies (amzon, ebay, paypal) de facto assume as selle...
by TimeTheMarket
Tue Sep 01, 2020 11:16 am
Forum: Investing - Theory, News & General
Topic: For those with $500k-$1m in investments...
Replies: 211
Views: 33616

Re: For those with $500k-$1m in investments...

Over 90% is tax advantaged. I only started a taxable account a few years ago, and it gets less contributions, as I feed retirement accounts first. If I'm lucky eventually I'll get to the point where I can put more into taxable than tax advantaged, but that feels quite a way off.
by TimeTheMarket
Tue Sep 01, 2020 11:13 am
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 261
Views: 28346

Re: My dad has 1 million in Tesla, I told him to cash out, he doesn't want too

Tesla is tremendously overvalued, but as long as there are people who don't know that, they will keep bidding it up. And could do it for years. I almost bought some a few years ago but would not touch it now.
by TimeTheMarket
Tue Sep 01, 2020 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Do dual income households need life insurance?
Replies: 40
Views: 3296

Re: Do dual income households need life insurance?

Not as much, but some. I have a few times each person's annual income--nothing crazy, but enough that if either of us was gone we could get the house paid off, finish 529s etc.--basically then the remaining person's income is just to pay bills/keep the kids going.
by TimeTheMarket
Tue Sep 01, 2020 7:42 am
Forum: Personal Investments
Topic: Dump Bonds -- buy AAPL & TSLA split?
Replies: 131
Views: 10515

Re: Dump Bonds -- buy AAPL & TSLA split?

TSLA is nothing but a FOMO stock now. It's completely, irrevocably and massively divorced from fundamentals. It makes no sense at $500 even, yet it's 4X that. Not saying it won't go to $20k/share even after the split. Maybe it will? Tesla’s probable 2030 (>50% likely) value is 5T. This makes presen...
by TimeTheMarket
Sun Aug 30, 2020 7:48 pm
Forum: Personal Investments
Topic: Late starter needs investment guidance
Replies: 18
Views: 1452

Re: Late starter needs investment guidance

20 year timeline. Max your 401k and 403b and go 90%+ stocks, with a very heavy skew to US equities via S&P500 index or similar, which you have access to. Also take my advice please: up your 529 contributions. I was also contributing similarly to you but those kids hit 18 fast and college tuition is ...
by TimeTheMarket
Sun Aug 30, 2020 7:43 pm
Forum: Personal Investments
Topic: Dump Bonds -- buy AAPL & TSLA split?
Replies: 131
Views: 10515

Re: Dump Bonds -- buy AAPL & TSLA split?

TSLA is nothing but a FOMO stock now. It's completely, irrevocably and massively divorced from fundamentals. It makes no sense at $500 even, yet it's 4X that. Not saying it won't go to $20k/share even after the split. Maybe it will?
by TimeTheMarket
Sat Aug 29, 2020 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Am I crazy? Cabin advice
Replies: 76
Views: 9288

Re: Am I crazy? Cabin advice

You're well on your way to that cabin, but you're not there quite yet.
by TimeTheMarket
Sat Aug 29, 2020 5:46 pm
Forum: Personal Investments
Topic: Talk me out of it: Cashing out 401(k) / IRA early to move abroad
Replies: 12
Views: 1412

Re: Talk me out of it: Cashing out 401(k) / IRA early to move abroad

Not sure where you're moving to exactly but $100k from that plus your other money will get you a relatively nice shed in Ireland.
by TimeTheMarket
Sat Aug 29, 2020 5:43 pm
Forum: Personal Investments
Topic: What to do with $150K Bonus?
Replies: 31
Views: 3539

Re: What to do with $150K Bonus?

Why in the wold would you not pay off a 4.375% mortgage? Pay it off Monday.
by TimeTheMarket
Fri Aug 28, 2020 8:45 pm
Forum: Personal Investments
Topic: How much did you save?
Replies: 102
Views: 13919

Re: How much did you save?

We haven't reached that number but I think it helps tremendously to hear others' savings strategy. I'm 57 years old, my Wife, 55. I've been saving in a 401(k) since I was 23, although, I never really saved enough. I started at 3%. I think the highest I went when I was younger was 6%, but I never st...
by TimeTheMarket
Fri Aug 28, 2020 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: $11,000 Roof / Loan to Family Member
Replies: 21
Views: 2299

Re: $11,000 Roof / Loan to Family Member

I wouldn't. I question how much you are really helping them. Are you helping or enabling? Are they going to just rely on you as a source of funds indefinitely? Why is it that they have a life and a house and a car yet seem unable to get anybody else to lend them money? Also it's clear they cannot af...
by TimeTheMarket
Fri Aug 28, 2020 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Hidden? Refi Closing Fees Just Discovered at Closing?
Replies: 21
Views: 2341

Re: Hidden? Refi Closing Fees Just Discovered at Closing?

How much is the fee? Is it hundreds? Thousands? If less I would pay and be done. It’s $380. And yes, I’m stuck on the principle of this too because what’s the point of all the disclosures if someone can bury additional fees in the payoff? What’s to stop the title company from, for example, padding ...
by TimeTheMarket
Wed Aug 26, 2020 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a new car?
Replies: 79
Views: 5373

Re: Can I afford a new car?

LMAO. $60k for a rav4, then in a year or two when they are readily available you can't even resell it for half that. My local dealer has a couple with a $41,500 MSRP and a slash through it. I had to contact for email and got a response today asking best way to contact me. I didn't get back to them ...
by TimeTheMarket
Tue Aug 25, 2020 9:49 pm
Forum: Personal Investments
Topic: As a 30 year old with extremely high risk tolerance should I even be holding bonds any more or should I go 100% stock?
Replies: 166
Views: 11911

Re: As a 30 year old with extremely high risk tolerance should I even be holding bonds any more or should I go 100% stoc

Bonds are a joke right now. I'm much older than 30 and almost all stocks. What little bonds are just basically laziness not rebalancing out of them at some point back when maybe I was as high as 20% (even years ago I felt the "age in bonds" to be bogus).

Go 100% vtsax and reevaluate when you're 50.
by TimeTheMarket
Tue Aug 25, 2020 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Finding balance in life: When do you let up off the gas?
Replies: 105
Views: 9740

Re: Finding balance in life: When do you let up off the gas?

Financial samurai is a clown. In fact I often use his 1/10th rule as a perfect example of that. He lives his life in fear and I think his advice should be taken with a grain of salt. If you're asking in your 30's with a half million income and a $3M net worth can you afford a $500 car lease? Yes. I ...
by TimeTheMarket
Tue Aug 25, 2020 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a new car?
Replies: 79
Views: 5373

Re: Can I afford a new car?

Also the Rav4 Prime might be cheaper [vs the hybrid] after the federal tax credit. The Prius Prime will get you $4500 and the Rav4 Prime $7500 back from the Feds. Plus whatever state, local, utility, rebates are also available. I would be curious what dealerships are asking for over sticker on the ...
by TimeTheMarket
Tue Aug 25, 2020 8:23 am
Forum: Personal Investments
Topic: How much you lost/gain since Feb 20,2020 ?
Replies: 349
Views: 30158

Re: How much you lost/gain since Feb 20,2020 ?

A few percent up. I wasn't stupid selling everything into the bear market. I stretched a bit in March and bought up more equities than normal, and found a few thousand in a bond fund in March that I also put into S&P500 when it was low, but that's all I've done, so the entire thing was basically an ...
by TimeTheMarket
Mon Aug 24, 2020 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Quit corporate job @ age 34 with $1.3M?
Replies: 225
Views: 22870

Re: Quit corporate job @ age 34 with $1.3M?

Not crazy, but you might be jumping the gun a little bit. Never, ever rely on inheritance. Also do not assume five years post-career you can jump back in for $100k. That's naive, imo. If you want to "retire" make sure you can do it right. Your situation is good, though and as long as you're content ...
by TimeTheMarket
Mon Aug 24, 2020 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Do you talk to your friends/family/coworkers about this stuff?
Replies: 210
Views: 16807

Re: Do you talk to your friends/family/coworkers about this stuff?

Yes, when it comes up. I don't press it. Many I know are saving for retirement. I've found those of my age who are not, or barely are, have absolutely no interest in learning more about it, so continue on with car leases they cannot afford and $300 birthday parties for a 6 year old when they still h...
by TimeTheMarket
Mon Aug 24, 2020 8:05 am
Forum: Personal Investments
Topic: Suggestions for 100x moonshots
Replies: 86
Views: 11981

Re: Suggestions for 100x moonshots

Short term puts on Tesla. I don't have the guts for it, but that's a good gamble.
by TimeTheMarket
Mon Aug 24, 2020 7:54 am
Forum: Personal Investments
Topic: Real estate continues to soar (great for landlords)
Replies: 71
Views: 5987

Re: Real estate continues to soar (great for landlords)

You seriously think there are people out there taking vacations with their rent money because of the deferred payments? The "delayed" payments come with a clause that you need a legitimate reason to defer you rent; and that you are directly effected by COVID by losing your job are you are sick. Eve...
by TimeTheMarket
Fri Aug 21, 2020 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Pay down home or keep large EF [Emergency Fund]
Replies: 4
Views: 487

Re: Pay down home or keep large EF

So you pay 2.5% in non-deductible interest and your income is .8% in taxable income from the savings account meaning your true cost of that loan is around 2%. if your goal is to pay this off, go for it. however, if you do move next year it will be easier to do if you have some cash instead of equity...
by TimeTheMarket
Fri Aug 21, 2020 2:19 pm
Forum: Personal Investments
Topic: Real estate continues to soar (great for landlords)
Replies: 71
Views: 5987

Re: Real estate continues to soar (great for landlords)

How many states have already lifted the moratorium on rent? One of a coworker's tenants just stop paying...because she could. Went on vacations instead. :annoyed I don't think any state is saying rent is free. It's just postponed and tenants still need to pay. That's a good one. :D You think all th...