Search found 53 matches

by Van Down By Da River
Mon Sep 16, 2019 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Paying "early" on mortgage may be unwise
Replies: 229
Views: 19534

Re: Paying "early" on mortgage may be unwise

My wife just recently told me that she started adding $40 towards our principal and would save us about $9,000 over the course of our mortgage. I countered by telling her that we would have $38,000 more of a nest egg in 27 years if we invested that $40. She is very risk and debt adverse and wasn't b...
by Van Down By Da River
Wed Aug 14, 2019 12:51 pm
Forum: Personal Investments
Topic: Has anyone invested in marijuana stocks?
Replies: 31
Views: 3037

Re: Has anyone invested in marijuana stocks?

I invested about $2,000 on the suggestion of a friend in the top 10 Canadian pot stocks a few years ago, after they tripled in value within months, I cashed out and never looked back. I considered myself lucky and don't think I could stomach that sort of investment ever again. The daily ups and down...
by Van Down By Da River
Wed Aug 14, 2019 11:12 am
Forum: Personal Investments
Topic: Can having wealthy parents be a justification for a more aggressive investment strategy?
Replies: 97
Views: 7228

Re: Can having wealthy parents be a justification for a more aggressive investment strategy?

I would actually take less risk if I knew I was 'guaranteed' an inheritance. If you know you are going to receive $10+ million, you don't really 'need' to take unnecessary risks to maximize your compound growth and there is really no need to take any stock market risk, you could just invest all your...
by Van Down By Da River
Fri Aug 09, 2019 1:42 pm
Forum: Personal Investments
Topic: What is the best Total Intl Equity Index Fund for taxable account?
Replies: 15
Views: 1423

Re: What is the best Total Intl Equity Index Fund for taxable account?

iShares Core MSCI Total Intl Stk ETF (IXUS) It look like IXUS has slightly outperformed VXUS before tax, but what is the tax drag on IXUS vs VXUS? Paul I think comparing these two is like apples to apples, they are almost virtually identical, I go with IXUS because it trades commission free at fide...
by Van Down By Da River
Fri Aug 09, 2019 1:21 pm
Forum: Investing - Theory, News & General
Topic: threshold for paying debt
Replies: 41
Views: 2735

Re: threshold for paying debt

I am ok with taking a lot of risk when I am young, so my philosophy is that it is ok to pile as much 'good debt' as possible while I am young and interest rates are at historic lows. For example, I borrowed heavily to go back to school for my MBA and buy a big house in a nice suburb, and instead of ...
by Van Down By Da River
Fri Aug 09, 2019 12:49 pm
Forum: Personal Investments
Topic: What is the best Total Intl Equity Index Fund for taxable account?
Replies: 15
Views: 1423

Re: What is the best Total Intl Equity Index Fund for taxable account?

Nobody knows what the future returns will be, so we can only go for low-cost and tax efficiency (and for index funds, minimizing tracking error). In a taxable account I'd favor Vanguard Total Int'l (mutual fund VTIAX or ETF VXUS). Vanguard index mutual funds are as tax-efficient as ETFs, because of...
by Van Down By Da River
Fri Aug 09, 2019 12:41 pm
Forum: Personal Investments
Topic: Is my 529 glide path too aggressive?
Replies: 20
Views: 1636

Re: Is my 529 glide path too aggressive?

I have 2 kids, 3 and 5 and I have half in 100% equity fund and half in an age based fund. Moved the age based one to the conservative one last fall when things were looking frothy. I am up 2% less than the moderate fund over the last year, but I sleep better at night. If the market takes a dive in t...
by Van Down By Da River
Thu Aug 08, 2019 9:28 am
Forum: Personal Investments
Topic: Should I give myself bridge loan through my VG accounts
Replies: 18
Views: 962

Re: Should I give myself bridge loan through my VG accounts

Even though your plan minimizes on tax, do you realize that by selling the losing fund, you are "selling low"? Do you have an asset allocation plan to US and international stocks? If I need to raise money, I would be more comfortable if I sell funds such that the asset allocation remains roughly th...
by Van Down By Da River
Wed Jul 31, 2019 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Does the cost of children actually go down once the daycare comes off the books?
Replies: 35
Views: 1841

Re: Does the cost of children actually go down once the daycare comes off the books?

So, basically, the cost will go down for a bit, only to get eaten up once they start getting older and getting into a travelling soccer team (which apparently is a big thing up here with the Joneses in the Chicago suburbs) I was asking my wife last night about what we were going to do with the windf...
by Van Down By Da River
Wed Jul 31, 2019 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Does the cost of children actually go down once the daycare comes off the books?
Replies: 35
Views: 1841

Does the cost of children actually go down once the daycare comes off the books?

I currently have 2 kids, age 3 and 5, and one of them is starting kindergarten in a few weeks, with the other starting in two years. While we are super excited about our $30,000 annual bill (for both kids) finally coming off the books, I keep hearing parents tell me that their kids keep getting more...
by Van Down By Da River
Fri Jul 26, 2019 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Help me convince the board that our company needs a budget!
Replies: 13
Views: 792

Re: Help me convince the board that our company needs a budget!

It's been working for 45 years and has worked fine. :D Seriously, if the company has been in business this long and there are no current finance issues, I'm not sure what you hope to achieve? Why do you think the company needs a budget today when it has not in the past? You must have some argument ...
by Van Down By Da River
Fri Jul 26, 2019 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Help me convince the board that our company needs a budget!
Replies: 13
Views: 792

Help me convince the board that our company needs a budget!

So, here is my predicament… About 3 years ago, I started working at my wife’s family business (manufacturing) doing the accounting, along with wearing about 10 other hats, and one of the first thing I noticed was that, for the 45 years that we have been in business, we had never had a budget??! The ...
by Van Down By Da River
Fri Jul 26, 2019 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Equifax settlement: how to file claim?
Replies: 147
Views: 12704

Re: Equifax settlement: how to file claim?

I read an article the other day that none of the data was ever monetized... so it wasn't thieves... It was most likely a foreign government... I guess the best way to turn a double agent is to find out which government employees have money troubles... :twisted:
by Van Down By Da River
Thu Jul 25, 2019 11:46 am
Forum: Personal Investments
Topic: How much life insurance should I get? (baby on the way)
Replies: 44
Views: 2579

Re: How much life insurance should I get? (baby on the way)

Me and the wife just went with term life insurance too, but I am sure everyone will agree that we went a little light.. 20 year term - 400,000 for me (36), 400,000 for the wife (34) Combined income - 225,000 To each his own, but my philosophy on life, you always want to be worth more alive than dea...
by Van Down By Da River
Thu Jul 25, 2019 10:50 am
Forum: Personal Investments
Topic: How much life insurance should I get? (baby on the way)
Replies: 44
Views: 2579

Re: How much life insurance should I get? (baby on the way)

Me and the wife just went with term life insurance too, but I am sure everyone will agree that we went a little light.. 20 year term - 400,000 for me (36), 400,000 for the wife (34) Combined income - 225,000 To each his own, but my philosophy on life, you always want to be worth more alive than dead
by Van Down By Da River
Wed Jul 24, 2019 2:09 pm
Forum: Personal Investments
Topic: Potential sale of beach house
Replies: 13
Views: 1255

Re: Potential sale of beach house

I would advise his to look into a 1031 exchange, I don't know the specifics, but you can defer the taxes if you re-invest back into another real estate investment. Considering he already owns rental properties, this should be right up his alley. However, as I said, I would have him talk to a a good ...
by Van Down By Da River
Wed Jul 24, 2019 1:47 pm
Forum: Personal Investments
Topic: Potential sale of beach house
Replies: 13
Views: 1255

Re: Potential sale of beach house

that could be tricky... I would tell him to either call his accountant or hire a good one to deal with the potential tax consequences
by Van Down By Da River
Wed Jul 24, 2019 1:34 pm
Forum: Personal Investments
Topic: Potential sale of beach house
Replies: 13
Views: 1255

Re: Potential sale of beach house

Wait, he bought it in the 80s and he is in his late 40s, was he a child prodigy or a child actor?
by Van Down By Da River
Wed Jul 24, 2019 12:36 pm
Forum: Personal Investments
Topic: Gold?
Replies: 137
Views: 7587

Re: Gold?

I know I will be judged as a 'market timer' Yep or a 'gold bug', but it is hard to ignore that in the near term, gold is looking very favorable 1) We have a president that is advocating for a weaker dollar 2) interest rates are already at historic lows, and are going even further to zero, making bo...
by Van Down By Da River
Wed Jul 24, 2019 12:31 pm
Forum: Personal Investments
Topic: Can we afford $600k home?
Replies: 98
Views: 6887

Re: Can we afford $600k home?

I am assuming you live in the bay area, or another hcol tech hub. Here is my 2 cents, wait a few years until the market cycle plays out, good chance the tech industry will take a beating, and many of the housing prices in tech hubs will come down from their recent highs. If you are one of the lucky ...
by Van Down By Da River
Wed Jul 24, 2019 11:35 am
Forum: Personal Investments
Topic: Gold?
Replies: 137
Views: 7587

Re: Gold?

I know I will be judged as a 'market timer' or a 'gold bug', but it is hard to ignore that in the near term, gold is looking very favorable 1) We have a president that is advocating for a weaker dollar 2) interest rates are already at historic lows, and are going even further to zero, making bonds l...
by Van Down By Da River
Tue Jul 23, 2019 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?
Replies: 122
Views: 8977

Re: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?

Invest a lot of time and money for yourself and time with just you and the wife - yoga for the wife, beer for your sanity, a few weekends away with the wife, sleep, more beer, etc. Less stress will make you a better parent.
by Van Down By Da River
Tue Jul 23, 2019 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?
Replies: 122
Views: 8977

Re: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?

livesoft wrote:
Mon Jul 22, 2019 1:40 pm
Many people will offer well-meaning advice. You can ignore most of it.
This
by Van Down By Da River
Wed Jul 17, 2019 4:05 pm
Forum: Personal Investments
Topic: Gold?
Replies: 137
Views: 7587

Re: Gold?

Gold is not an investment. Gold is insurance. This pretty much sums it up. I have 5% of my Simple IRA going towards a gold mining fund(5% in a real estate REIT too). Not because I think it will juice my returns, but because I sleep better at night knowing that I have something in my portfolio that ...
by Van Down By Da River
Wed Jul 17, 2019 3:36 pm
Forum: Personal Investments
Topic: Bond fund versus individual bonds
Replies: 39
Views: 1909

Re: Bond fund versus individual bonds

I think I read somewhere that you would need at least $100,000 in individual bonds before you could be properly diversified. I have also heard that a properly managed actively manged bond fund can easily beat an index. So, if I ever get to $100,000 in bonds, I plan on looking into it. However, I am ...
by Van Down By Da River
Tue Jul 16, 2019 11:51 am
Forum: Personal Finance (Not Investing)
Topic: College cost prediction and savings for 5, 3, and newborn
Replies: 102
Views: 6040

Re: College cost prediction and savings for 5, 3, and newborn

I also have a 3 and a 5 year old and I ran a few of the calculators recently (savingforcollege.com I think?), and here is what I calculated: Current Cost: In State Public Average ~ 15,000 Out of State Public Average ~ 30,000 Projected Cost in 15 Years In State Public ~ 30,000 Out of State Public ~ 6...
by Van Down By Da River
Tue Jul 02, 2019 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Would we regret buying a 2nd home?
Replies: 90
Views: 8538

Re: Would we regret buying a 2nd home?

ohai wrote:
Tue Jul 02, 2019 8:31 am
Can't you just go hang around your kids' houses for long periods of time and annoy their spouses like normal grandparents?
I take my comment back, I wrote mine before reading the responses... This may be the best advice right here, sometimes the best things in life are free
by Van Down By Da River
Tue Jul 02, 2019 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Would we regret buying a 2nd home?
Replies: 90
Views: 8538

Re: Would we regret buying a 2nd home?

Life is short, just do it. Some of the most fun I have ever had was spent on what was in retrospect, bad financial decisions. I have no regrets, sometimes in life you need to throw caution in the wind and live a little. I don't know about you, but I don't plan on spending my whole life saving just t...
by Van Down By Da River
Fri Jun 28, 2019 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 619
Views: 58950

Re: Why are you NOT buying rental properties?

I just read this whole thread, good read. I have always been very interested in real estate investing and some good first hand knowledge and advise here. I think there are a few good takeaways: 1. Real Estate Investing is much riskier for individual investor and more labor intensive than stock/bond ...
by Van Down By Da River
Wed Jun 26, 2019 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a condo in Chicago?
Replies: 52
Views: 5602

Re: Should I buy a condo in Chicago?

No. Atlanta is not. Chicago is 3rd and Houston is 4th. The list I looked up quickly had Atlanta as 37. That, then, is about the problems of defining a metropolitan area. I think the source I read suggested Atlanta is around 6 million. https://en.wikipedia.org/wiki/Atlanta_metropolitan_area • Urban ...
by Van Down By Da River
Wed Jun 26, 2019 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a condo in Chicago?
Replies: 52
Views: 5602

Re: Should I buy a condo in Chicago?

Regardless if Chicagoland is the 3rd or 4rth largest metro area, I stand by my statement, it may not be the best real estate market, but it is very affordable compared to the coasts, and it ain't going nowhere and is not 'the next Detroit or Youngstown, OH' The trend has been towards a declining po...
by Van Down By Da River
Wed Jun 26, 2019 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a condo in Chicago?
Replies: 52
Views: 5602

Re: Should I buy a condo in Chicago?

I live in the Chicago suburbs (used to live in the city before the kiddos arrived). Chicago does has enough problems that I could spend the next hour filling up this whole page with all of them. However, it is the 3rd largest city in the richest country on earth. It is a true global city more compa...
by Van Down By Da River
Tue Jun 25, 2019 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Lease vs Buying a Car
Replies: 84
Views: 6193

Re: Lease vs Buying a Car

The lease vs buy is just like the buy vs rent real estate debate, everyone situation is different, and for some people, despite 'throwing their money away' leasing and renting makes sense. I would never lease a car, not because of the cost, but because I cant have nice things and every car I own end...
by Van Down By Da River
Tue Jun 25, 2019 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a condo in Chicago?
Replies: 52
Views: 5602

Re: Should I buy a condo in Chicago?

I live in the Chicago suburbs (used to live in the city before the kiddos arrived). Chicago does has enough problems that I could spend the next hour filling up this whole page with all of them. However, it is the 3rd largest city in the richest country on earth. It is a true global city more compar...
by Van Down By Da River
Fri Jun 21, 2019 2:32 pm
Forum: Investing - Theory, News & General
Topic: A.I. Index Funds?
Replies: 12
Views: 1628

Re: A.I. Index Funds?

Global-X Funds
ARK Funds (ARKK, ARKQ)
ROBO
BOTZ
by Van Down By Da River
Fri Jun 21, 2019 11:12 am
Forum: Personal Investments
Topic: For those of you who have a factor diversified portfolio, what is yours?
Replies: 55
Views: 4244

Re: For those of you who have a factor diversified portfolio, what is yours?

My portfolio tilts towards value, quality, and low volatility

My portfolio is also 95% stocks, so the tilt helps the keep down the daily stress of hearing about market swings and helps me sleep better at night
by Van Down By Da River
Mon Jun 17, 2019 10:26 am
Forum: Personal Investments
Topic: Any way other than real estate to leverage good income and credit?
Replies: 9
Views: 717

Re: Any way other than real estate to leverage good income and credit?

Leveraging my good credit and stable, high income is something that I have been looking into for a while. However, every option out there that I have been looking into (farmland, rental property, vacation rental, business opportunity, etc.) all pretty much equate to taking on another part time job.....
by Van Down By Da River
Thu Jun 13, 2019 12:43 pm
Forum: Personal Investments
Topic: Purchasing home with less than 20% downpayment experiences?
Replies: 52
Views: 3582

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

Just do it. Now. We bought our first house with 5% down and had to pay PMI... (then getting an appraisal to get rid of the PMI after year 3) Then we bought our current house with 10% down and 10% HELOC (which we are finally paying off after 2 1/2 years) I know conventional wisdom says to wait until ...
by Van Down By Da River
Fri Jun 07, 2019 9:53 am
Forum: Investing - Theory, News & General
Topic: Is an active mutual fund ever appropriate?
Replies: 21
Views: 1988

Re: Is an active mutual fund ever appropriate?

I have 90% percent of my money in index funds, however, I have never been a big fan of putting all of my eggs in one basket and am beginning to add mutual funds to the mix with the plan to make it an even 50/50 eventually I know that indexes have won the active/passive contest for a while now, but w...
by Van Down By Da River
Thu Jun 06, 2019 4:08 pm
Forum: Investing - Theory, News & General
Topic: Bogle "5% Gold"
Replies: 248
Views: 27329

Re: Bogle "5% Gold"

Just looks at the returns of stocks vs bonds vs golds for the decade of 2000 to 2010. As far as I recall, the world didn't collapse during that decade. However, gold had a CAGR of 15%, bonds had 6%, and stocks had 1%. Gold was a great portfolio diversifier during that decade. And if the world had c...
by Van Down By Da River
Tue Jun 04, 2019 11:26 am
Forum: Personal Investments
Topic: Buying farmland shares through AcreTrader
Replies: 11
Views: 1416

Re: Buying farmland shares through AcreTrader

I don't know about this particular investment, but my family has owned farmland since my great great great great great great grandpa bought a huge chunk of farmland from the government after he got back from killing redcoats during the revolutionary war, and it has turned out as a nice investment ov...
by Van Down By Da River
Thu May 30, 2019 12:44 pm
Forum: Personal Investments
Topic: The Best High Yield Savings Account
Replies: 25
Views: 2629

Re: The Best High Yield Savings Account

We use American Express, not the highest interest rate, but we use them for our everyday credit card and are happy with them and didn't want to over-complicate things by opening up a new account with a new bank. And like the last guy said, unless you have a huge amount in there, the 0.1 - 0.2 percen...
by Van Down By Da River
Thu May 30, 2019 9:56 am
Forum: Personal Investments
Topic: Too many eggs in one basket?
Replies: 43
Views: 5034

Re: Too many eggs in one basket?

After reading two of the last three posts, I m wondering if this is really the Bogleheads Forum! The idea that getting rich involves concentrating your investments and staying rich involves diversifying your investments is a cute concept. In other words, you have a good bit of luck with timing and ...
by Van Down By Da River
Wed May 29, 2019 3:25 pm
Forum: Personal Investments
Topic: Too many eggs in one basket?
Replies: 43
Views: 5034

Re: Too many eggs in one basket?

My vote is to go for it.

A wise man once told me that the best way to become wealthy is to concentrate your assets. Then, after you become wealthy, the best way to stay wealthy is to diversify your assets.

You are halfway there... after you get there, begin to diversify
by Van Down By Da River
Thu May 23, 2019 3:28 pm
Forum: Personal Investments
Topic: 5.5% Load 403(b) Roth vs Low Cost Taxable Account
Replies: 81
Views: 3716

Re: 5.5% Load 403(b) Roth vs Low Cost Taxable Account

I don't think people on here realize that you are probably in the top 1% of the financially literate It doesn't take a triple digit IQ to buy and hold a target date retirement fund. It is easy, just stand there and do nothing. Could you have set up the 401k with Vanguard and offer only target date ...
by Van Down By Da River
Thu May 23, 2019 3:15 pm
Forum: Personal Investments
Topic: 5.5% Load 403(b) Roth vs Low Cost Taxable Account
Replies: 81
Views: 3716

Re: 5.5% Load 403(b) Roth vs Low Cost Taxable Account

. My mega company didn't hold classes on how to invest when the 401k was setup. I don't need classes so why should I pay a load for those who do? Having a highly educated workforce and having large, inexpensive investment options is one of the benefits of working for a mega corp, however, sometimes...
by Van Down By Da River
Thu May 23, 2019 2:39 pm
Forum: Personal Investments
Topic: 5.5% Load 403(b) Roth vs Low Cost Taxable Account
Replies: 81
Views: 3716

Re: 5.5% Load 403(b) Roth vs Low Cost Taxable Account

I wouldn't put in more than the company matches; any extra I would put in a Roth IRA. That is what we told all of the employees when they signed up, however, the wife and I make too much for a Roth... However, the way we look at it, what is good for the employees is good for the company, which is g...
by Van Down By Da River
Thu May 23, 2019 2:36 pm
Forum: Personal Investments
Topic: 5.5% Load 403(b) Roth vs Low Cost Taxable Account
Replies: 81
Views: 3716

Re: 5.5% Load 403(b) Roth vs Low Cost Taxable Account

Having a highly educated workforce and having large, inexpensive investment options is one of the benefits of working for a mega corp, however, sometimes you just have to play the cards that you were dealt... Are the people doing the educating acting as a fiduciary? It is LPL, so no. I have read en...
by Van Down By Da River
Thu May 23, 2019 10:07 am
Forum: Personal Investments
Topic: Want to add REITs to portfolio… but how much and which funds?
Replies: 16
Views: 1855

Re: Want to add REITs to portfolio… but how much and which funds?

Honestly, it sound like you have pockets deep enough, and are well diversified enough to skip the REITs and sock away some money for a down payment on a few rental properties (although you may need to look outside the bay are in order to get them to cash flow) And if you are hands off kind of person...
by Van Down By Da River
Thu May 23, 2019 9:56 am
Forum: Personal Investments
Topic: 5.5% Load 403(b) Roth vs Low Cost Taxable Account
Replies: 81
Views: 3716

Re: 5.5% Load 403(b) Roth vs Low Cost Taxable Account

Also, I crunched the numbers up and down, and the 3% match easily pays for all of the fees and loads I wouldn't put in more than the company matches; any extra I would put in a Roth IRA. That is what we told all of the employees when they signed up, however, the wife and I make too much for a Roth....