Search found 17 matches

by System1
Fri Oct 16, 2020 7:50 pm
Forum: Personal Investments
Topic: Struggling Over whether to Sell my Tesla Stock
Replies: 74
Views: 6053

Re: Struggling Over whether to Sell my Tesla Stock

Warren Buffett has owned Coca Cola since 1989. TravelforFun "This adjustment was necessary to account for the growing size of Buffett's portfolio, which made it more difficult to take advantage of market inefficiencies; it also hindered active management and reduced the number of opportunities he c...
by System1
Thu Sep 17, 2020 8:23 pm
Forum: Personal Investments
Topic: Suggestions for 100x moonshots
Replies: 86
Views: 12009

Re: Suggestions for 100x moonshots

I think you should first focus on getting your spending under control. That alone will help you increase your net worth by over $4M over the next ten years. As I mentioned in my post, the income got high only recently. That explains the low NW. There has been a lot of helpful advice on the investme...
by System1
Sat Jul 25, 2020 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Where did all the money go? Mint v YNAB etc
Replies: 11
Views: 1431

Re: Where did all the money go? Mint v YNAB etc

I have tried both, started with YNAB last fall and then tried mint. I prefer YNAB. There is definitely a learning curve, but after a couple months it's easy. I mostly use it now near the end of the month to check on the last month and setup the budget for the next month. This only works if you have ...
by System1
Sat Jul 25, 2020 12:59 am
Forum: Personal Investments
Topic: Retirement account contribution questions
Replies: 2
Views: 460

Retirement account contribution questions

Background info: Emergency funds: Three months of expenses Debt: Mortgage: $200k 20yr @ 3.0% - recently refi’d Student Loans: $32k @ 6.55% Federal and deferred under COVID – have $7-9k to send in Sept. $32k @ ~3% not deferred – minimum payments $16k @ ~5% not deferred – minimum payments Currently bu...
by System1
Fri Jul 24, 2020 11:26 pm
Forum: Personal Consumer Issues
Topic: Family expanding - Time for a 3 row SUV
Replies: 69
Views: 3949

Re: Family expanding - Time for a 3 row SUV

I would get an SUV with sliding doors with young kids and a comfortable 3rd row, this vehicle is also called a mini-van by some. We got the Odyssey because of the 3 seats in the 2nd row (I have 4 kids), but the Sienna wins if you plan to have adults sit in the large captain chairs in the second row....
by System1
Wed Jul 22, 2020 11:24 am
Forum: Investing - Theory, News & General
Topic: Article claiming 401k no longer "makes sense"
Replies: 74
Views: 7998

401k vs Tax Efficient Taxable - Article linked

[Merged into existing topic discussing same article- Mod Misenplace] I was just reading this opinion about the reduction in tax benefits of the 401k since its inception: https://www.bloomberg.com/opinion/articles/2020-07-21/401-k-plans-no-longer-make-much-sense-for-savers What situations would make...
by System1
Thu Jun 18, 2020 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Planning for future home - overextending?
Replies: 19
Views: 1544

Re: Planning for future home - overextending?

+1 on getting rid of PMI In 5 years you might have 2 more kids, who knows :shock: Don't get too worried about the price of the new home, your budget will work out as you get closer to purchase time. Also, don't expect it to be a forever home (whatever that means), however, don't buy anything that co...
by System1
Wed Jun 17, 2020 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One is at it again
Replies: 135
Views: 16187

Re: Capital One is at it again

You have to switch over to their new "Performance" savings accounts for the best rate, the MM is no longer the best. Although this rate is not particularly high, 1.0 today. I moved mine 6 months ago or so.
by System1
Sat Jun 13, 2020 12:13 pm
Forum: Personal Consumer Issues
Topic: heated driveway?
Replies: 91
Views: 4681

Re: heated driveway?

Regarding the snowblower, I got a relatively small craftsman two stage that has steering levers. I'm quite happy with it, but I do find myself muscling it around when doing the snowplow wake and around my mailbox. I think if I got a heavier more powerful one, I would be able to let it do more of the...
by System1
Sun May 17, 2020 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Pay off Tesla as Planned or Keep Cash for Covid Uncertainty?
Replies: 62
Views: 4008

Re: Pay off Tesla as Planned or Keep Cash for Covid Uncertainty?

You mention the cost of the 3.99% interest, and yes over time that adds up, but choosing to keep the loan for 6 more months will cost you $680. Is that a lot for your household? Only you can answer that. Calculating the cost in real dollars is better than comparing interest rates. I do this often to...
by System1
Sat May 16, 2020 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Life Changing Decision [Mortgage Down Payment]
Replies: 17
Views: 2224

Re: Life Changing Decision

Based on your retirement and pension plans, I would agree with the high down-payment on the mortgage. Its a guaranteed return of 3% on that money and it allows you liquid flexibility as your kids get older.
by System1
Mon Feb 17, 2020 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone else wanted a mind map of their financial accounts?
Replies: 27
Views: 2066

Re: Has anyone else wanted a mind map of their financial accounts?

But I have all my bills on autopay via various means. Do you find it difficult to manage autopay of different bills via various means? I don't find it difficult. I have part of my paycheck go straight to the bank with my car loan, which transfers to pay it automatically, it's maintenance free and I...
by System1
Sat Dec 28, 2019 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Traditional IRA contribution with refund after filing taxes
Replies: 1
Views: 151

Traditional IRA contribution with refund after filing taxes

I'm planning to make a spousal traditional IRA contribution in 2019, but I would like to wait until I receive my tax refund if possible. Assuming I file early enough to receive the refund well before April 15, can I assume I'm making the contribution in my initial filing or will I need to file witho...
by System1
Sat Dec 14, 2019 2:16 pm
Forum: Personal Investments
Topic: Pay off car loans or not?
Replies: 33
Views: 2584

Re: Pay off car loans or not?

From reading the range is responses between sell both cars and use that money to buy cheaper ones to keep loans and put money into savings, I think the answer depends on a lot more factors than just the debt amount and the interest rate. You certainly will not get that low of a rate on your mortgage...
by System1
Sat Dec 14, 2019 1:21 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1477
Views: 174349

Re: What frugal thing did you do today?

I always chose the Chipotle Bowl because it looked to me that there was more in a bowl than in the burrito. [never did a weight measurement, though]. After getting just the bowl for a long time, I then realized that with a bowl - you get the large tortilla at no charge - just ask for it! Another tr...
by System1
Tue Nov 19, 2019 9:52 pm
Forum: Personal Consumer Issues
Topic: DSLRs: canon 5d IV vs ?
Replies: 92
Views: 4726

Re: DSLRs: canon 5d IV vs ?

I don't believe that the 5D IV has eye tracking AF. Get the EOS R or Sony A7 for that. The 5D IV is great for all uses, but it is heavy, I leave my 5D III home quite often and bring something lighter. The lenses she has don't sound super expensive and can be sold for a reasonable amount if she were ...
by System1
Sun Sep 22, 2019 10:04 pm
Forum: Personal Investments
Topic: Brand new and feeling behind
Replies: 16
Views: 1894

Re: Brand new and feeling behind

In the meantime, I've been looking for a better savings account or money market account.. I've been running into issues with limits on withdraws. Some places I have found limit you to $2,000 a day or less and 6 withdraws a month I don't feel this gives me enough access to emergency money. Thank you...