Search found 20405 matches

by Grt2bOutdoors
Thu Jul 18, 2019 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Explaining the magic of compound interest to teenagers
Replies: 58
Views: 1741

Re: Explaining the magic of compound interest to teenagers

Ask them if they know what a credit card is? When they say yes, give them this example: You are in college, the balance on the card is zero. You are hungry, so you buy one pie. The pie costs $10.00 The bill comes, because you were so busy studying and hanging with your friends, you forgot to pay it....
by Grt2bOutdoors
Thu Jul 18, 2019 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Harrassed at work, what steps to take to protect her future employment
Replies: 45
Views: 3968

Re: Harrassed at work, what steps to take to protect her future employment

Has there been a recent change of manager or company ownership? Have any conversations mentioned a protected characteristic? If so, is there documentation? Nothing you mentioned would seem to rise to a legal issue by itself. Absent a smoking gun here, I would prepare to switch jobs. It is easier to...
by Grt2bOutdoors
Thu Jul 18, 2019 9:44 am
Forum: Personal Finance (Not Investing)
Topic: College cost prediction and savings for 5, 3, and newborn
Replies: 101
Views: 4928

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

The fearmongering on education costs is amazing. There are SO MANY alternatives to the horror stories. Our flagship U is a Top 10 Engineering school. Total cost is about $26k/year. We can easily afford it, but if we couldn’t our son (a fr this fall) would be looking at a two-year extension school a...
by Grt2bOutdoors
Thu Jul 18, 2019 8:50 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Next "Bogleheads on Investing" podcast guest
Replies: 28
Views: 1970

Re: Larry Swedroe: Next "Bogleheads on Investing" podcast guest

Here's a question - Isn't a simple portfolio of 1-4 index funds still the best way for the general public to grab their fair share of market returns without breaking the bank on expenses? If not, what has changed?
by Grt2bOutdoors
Thu Jul 18, 2019 8:47 am
Forum: Personal Consumer Issues
Topic: Gold Coin for fun, not for investment or numismatics [Canadian Maple Leaf]
Replies: 27
Views: 1811

Re: Gold Coin for fun, not for investment or numismatics [Canadian Maple Leaf]

bberris wrote:
Thu Jul 18, 2019 8:37 am
Where's the fun?
ScroogeMcDuck would think it's fun to hold gold coins in the hand.
by Grt2bOutdoors
Wed Jul 17, 2019 5:26 pm
Forum: Personal Investments
Topic: Pay off mortgage early?
Replies: 14
Views: 1368

Re: Pay off mortgage early?

What is the rate on the mortgage and what is the term?
After paying off the mortgage, do you still have sufficient assets to maintain your lifestyle going forward?
If yes, go ahead and pay it off if it let's you rest easier at night.
by Grt2bOutdoors
Wed Jul 17, 2019 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Take the cash or the free dinner?
Replies: 61
Views: 4576

Re: Take the cash or the free dinner?

What are they trying to sell you? Banking and investment services. In return I can tell them why their products suck. Years ago, Fidelity offered me $250 to listen to their pitch. The catch was, you could not work in the financial industry. As soon as I said I did, the offer was retracted. Have fun...
by Grt2bOutdoors
Wed Jul 17, 2019 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Take the cash or the free dinner?
Replies: 61
Views: 4576

Re: Take the cash or the free dinner?

If this is legit, would imagine you should steel yourself for a very painful listening experience. Hope you have skin thick as a rhinoceros. Actually, I'm pretty good at "interviewing" the salesreps myself in order to make things interesting. I would pay you just to make you go away! :twisted: (wel...
by Grt2bOutdoors
Wed Jul 17, 2019 4:19 pm
Forum: Personal Investments
Topic: Ferri? Or Vanguard PAS?
Replies: 45
Views: 3162

Re: Ferri? Or Vanguard PAS?

I like Rick Ferri and enjoy his contributions here. But unless you have a really complicated financial situation, why pay anyone? Personally, if I HAD to go with a service, I would choose Vanguard PAS. (You can do this yourself!) Simplicity that's why. Rather than post your laundry on the forum whi...
by Grt2bOutdoors
Wed Jul 17, 2019 4:16 pm
Forum: Personal Investments
Topic: Ferri? Or Vanguard PAS?
Replies: 45
Views: 3162

Re: Ferri? Or Vanguard PAS?

Where did this Rick Ferri guy come from? I have been on the site for around two years and never seen any advisors plugged. but over the last two or three days I've seen this guy's name thrown around a dozen times. Perhaps it's the cynic in me but I wonder why. Check out the wiki - he wrote one of t...
by Grt2bOutdoors
Wed Jul 17, 2019 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: in CA, what is the best way to save for kids college, in detail?
Replies: 21
Views: 895

Re: in CA, what is the best way to save for kids college, in detail?

^^ OK, that makes sense, thank you. I don't have much $ each year to invest. Is a Coverdell ESA better than a 529 for me? You can open a 529 plan for $0 - yes, you read that right. The New York State 529 Direct Plan has no minimum amount required to open, and no minimum amount to make additional de...
by Grt2bOutdoors
Wed Jul 17, 2019 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: in CA, what is the best way to save for kids college, in detail?
Replies: 21
Views: 895

Re: in CA, what is the best way to save for kids college, in detail?

abcd12345 wrote:
Wed Jul 17, 2019 1:50 pm
I am in similar boat. So far, I have been comparing between Ohio and Nevada. Nevada is with Vanguard which makes it easy to manage. Ideally I would like to have VTSAX with lowest fees. I need to go over fees and expense ratio.
Nys529Direct Plan.
by Grt2bOutdoors
Wed Jul 17, 2019 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: in CA, what is the best way to save for kids college, in detail?
Replies: 21
Views: 895

Re: in CA, what is the best way to save for kids college, in detail?

You could, but why pass up on the tax free growth of a 529 plan? You will pay some taxes on a taxable account.
by Grt2bOutdoors
Wed Jul 17, 2019 2:23 am
Forum: Personal Investments
Topic: 529 - lump sum or annual?
Replies: 13
Views: 804

Re: 529 - lump sum or annual?

Not all 529 plans allow for frequent trading - they cap the number of trades per year. So putting it all in cash/bonds and then DCA from within the 529 by monthly re-allocation might not be feasible. Good point - I believe that is set by law and not plan to no more than 2 times per year. At least t...
by Grt2bOutdoors
Tue Jul 16, 2019 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Do you care about your home appreciating?
Replies: 91
Views: 4672

Re: Do you care about your home appreciating?

We’ve been in our house that we purchased for about $530k for 13 years and it’s now paid off. We paid about $125k in mortgage interest total (less income tax deductions). Because we bought in 2006, our house is today worth slightly more than we paid for it (at the bottom of the market, it was worth...
by Grt2bOutdoors
Tue Jul 16, 2019 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Do you care about your home appreciating?
Replies: 91
Views: 4672

Re: Do you care about your home appreciating?

Not really. An appreciated home in my town results in a higher tax assessment. I pay enough in property taxes. High property taxes are a huge turn-off to prospective home buyers.
by Grt2bOutdoors
Tue Jul 16, 2019 7:23 pm
Forum: Personal Investments
Topic: 529 - lump sum or annual?
Replies: 13
Views: 804

Re: 529 - lump sum or annual?

From what I can tell there is not any practical annual contribution limit on a 529 plan. Dumping large sums into the market at once kind of scares me but I also realize the sooner I invest the more time it has to grow. If you had the ability would it be wise to dump say 50k into a young child's 529...
by Grt2bOutdoors
Tue Jul 16, 2019 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: College cost prediction and savings for 5, 3, and newborn
Replies: 101
Views: 4928

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

I don't believe anyone mentioned the possibility that free tuition at state schools becomes a real thing sometime in the not too distant future. I believe it is more likely than college costs continuing to increase 6% a year. So we would only need to pay for room, board, books, fees, etc. In my sta...
by Grt2bOutdoors
Tue Jul 16, 2019 2:56 pm
Forum: Personal Investments
Topic: Counseling a Colleague About Their Financial Advisor
Replies: 30
Views: 1925

Re: Counseling a Colleague About Their Financial Advisor

Steer her to a copy of If You Can by Bill Bernstein. Fantastic little booklet. Simple to read and understand. Broken Man 1999 I don't think Bill's booklet is going to work in this situation. The OP's colleague is not a "set it and forget it" person. Saving is not the issue, they know they need to s...
by Grt2bOutdoors
Tue Jul 16, 2019 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: 1 million in liquid assets or paid off mortgage by 40?
Replies: 60
Views: 5037

Re: 1 million in liquid assets or paid off mortgage by 40?

I just wanted to get a feel from the Boglehead community on what you all would prefer by age 40. A. 1 million dollars in liquid assets B. home mortgage paid off FWIW I am 39 years old with 788k in liquid assets and 149k remaining on my home mortgage. I am always wrestling with the eternal question ...
by Grt2bOutdoors
Tue Jul 16, 2019 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: 1 million in liquid assets or paid off mortgage by 40?
Replies: 60
Views: 5037

Re: 1 million in liquid assets or paid off mortgage by 40?

I opt for the liquid assets. Invested as $639K in normal allocation, $149K in short-intermediate term bonds. Still liquid, can payoff mortgage anyway you'd like or not! But knowing you have the funds to pay it off at ANY time, as opposed to I'll sell shares at a 40% reduction in price and still have...
by Grt2bOutdoors
Tue Jul 16, 2019 11:40 am
Forum: Investing - Theory, News & General
Topic: From ex-dividend to distrubution where is my money?
Replies: 91
Views: 4146

Re: From ex-dividend to distrubution where is my money?

I think the OP is really just wondering why there is a delay beween ex-div and payment. That's a reasonable question, and one that's certainly been lost in the back and forth over relationship between dividend and stock price. I have no idea why it can take 3+ weeks, and I'd also be curious what st...
by Grt2bOutdoors
Tue Jul 16, 2019 11:28 am
Forum: Personal Finance (Not Investing)
Topic: College cost prediction and savings for 5, 3, and newborn
Replies: 101
Views: 4928

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

I gave up predicting college costs about 2 years ago, the inflation rates in college costs far exceeds that of CPI-U, I find it to be on par with healthcare inflation which is nuts. Eventually though, there is going to be a reckoning and I hope it comes before my kid enters school in about 8 years. ...
by Grt2bOutdoors
Tue Jul 16, 2019 10:20 am
Forum: Personal Consumer Issues
Topic: New Subaru Outback Engine Offering for 2020
Replies: 36
Views: 2917

Re: New Subaru Outback Engine Offering for 2020

One thing that will never change with a subaru...an engine that leaks and head gaskets that need replaced. We're trying to squeeze another year or two out of our forester before we get rid of it. Head gaskets were NA EJ engine issues primarily. There hasn't been an NA EJ engine in a Subaru since wh...
by Grt2bOutdoors
Tue Jul 16, 2019 10:09 am
Forum: Investing - Theory, News & General
Topic: Sustainability of State and Local Government Pensions
Replies: 9
Views: 1238

Sustainability of State and Local Government Pensions

Interesting paper released yesterday for a conference on Municipal Finance held at the Brookings Institute - July 15-16th. While I have not attended, I am on their mailing list. Here's the link: https://www.brookings.edu/wp-content/uploads/2019/07/lenney_lutz_sheiner_SL_pensions_07_14_2019.MFC_.pdf ...
by Grt2bOutdoors
Mon Jul 15, 2019 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Children's Savings Account & FAFSA
Replies: 29
Views: 1323

Re: Children's Savings Account & FAFSA

Divorced and living with the "poor" parent is how we're playing the financial aid game. Her son having zero student debt is the goal. The financial aid that he gets will be greater than any financial benefit gained from being married. I've met high income folks with little assets who have contempla...
by Grt2bOutdoors
Mon Jul 15, 2019 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Recent layoffs and now focus on corporate valuation - are owners looking to sell?
Replies: 29
Views: 2424

Re: Recent layoffs and now focus on corporate valuation - are owners looking to sell?

...Revenue growth comes in any number of forms. Selling more existing product to your existing customers and finding new customers is the low hanging fruit. Creating and selling new products is probably the hardest. But that is true whether the company is acquired or not. “Milking existing product ...
by Grt2bOutdoors
Mon Jul 15, 2019 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Recent layoffs and now focus on corporate valuation - are owners looking to sell?
Replies: 29
Views: 2424

Re: Recent layoffs and now focus on corporate valuation - are owners looking to sell?

it means the company is now being run by bean counters and they will milk it for it's worth. One sure-fire sign the company has become a cash cow is when most of the high level new hires have MBA degrees. As an MBA-toting bean counter, let me just point out the obvious, which is that investors who ...
by Grt2bOutdoors
Mon Jul 15, 2019 12:14 pm
Forum: Investing - Theory, News & General
Topic: Will you buy Total Bond with a negative yield?
Replies: 73
Views: 6203

Re: Will you buy Total Bond with a negative yield?

Why would you get <0%, when you can get a CD at 2.50% and over ? Wall Street can't buy FDIC insured CD's, but you can. The one time small retail investors have an advantage let's not throw it away, right ? Those CDs won't be on offer anymore if yields go negative. I hear some bank accounts in Europ...
by Grt2bOutdoors
Mon Jul 15, 2019 6:35 am
Forum: Personal Finance (Not Investing)
Topic: Invest in career change to Accounting for 37 yr old? Would it be foolish?
Replies: 145
Views: 7163

Re: Invest in career change to Accounting for 37 yr old? Would it be foolish?

anoop wrote:
Sun Jul 14, 2019 5:57 pm
Get a degree in Financial Engineering. It's pretty much the only thing that matters nowadays, so I am sure it's in very high demand.
Yes, the same kind of financial engineering that nearly sank the entire global financial system 10 years ago, right? :oops:
by Grt2bOutdoors
Mon Jul 15, 2019 6:32 am
Forum: Personal Consumer Issues
Topic: I think i can spend 30k on this vacation, but wife not sure
Replies: 77
Views: 6908

Re: I think i can spend 30k on this vacation, but wife not sure

we decided we couldn't afford it - 30k is many months of savings, and we're only at 5m due to bull market, it could go down again. Wife wants to go, but we have college looming ahead for 2 children and that will cut our savings down a lot also. Maybe we will figure it out in the future if we can sa...
by Grt2bOutdoors
Mon Jul 15, 2019 6:24 am
Forum: Personal Consumer Issues
Topic: I think i can spend 30k on this vacation, but wife not sure
Replies: 77
Views: 6908

Re: I think i can spend 30k on this vacation, but wife not sure

Time2Quit wrote:
Sun Jul 14, 2019 7:54 pm
This is insane! I have travelled to every corner of the earthand never spent $30K on a single vacation. This is traveling with 4.
Have you traveled to the jungle? By yourself or with an armed guide?
by Grt2bOutdoors
Mon Jul 15, 2019 6:22 am
Forum: Personal Consumer Issues
Topic: I think i can spend 30k on this vacation, but wife not sure
Replies: 77
Views: 6908

Re: I think i can spend 30k on this vacation, but wife not sure

Have a nice trip!
You have $5 million, why is this even a question?
by Grt2bOutdoors
Mon Jul 15, 2019 5:33 am
Forum: Personal Finance (Not Investing)
Topic: Recent layoffs and now focus on corporate valuation - are owners looking to sell?
Replies: 29
Views: 2424

Re: Recent layoffs and now focus on corporate valuation - are owners looking to sell?

...Based on what you say about layoffs and the travel freeze it means the company is now being run by bean counters and they will milk it for it's worth. Whether this is good for employees depends on many factors. Sometimes, they will offer some lucrative packages to keep key employees during the m...
by Grt2bOutdoors
Sun Jul 14, 2019 7:20 pm
Forum: Investing - Theory, News & General
Topic: From ex-dividend to distrubution where is my money?
Replies: 91
Views: 4146

Re: From ex-dividend to distrubution where is my money?

On a total side note, my megacorp used to pay their dividend to us stockholders in the 401K on the ex-dividend date. We were getting our dividend in the form of company stock at the price at the end of the day on the ex-dividend date. Now that our 401K is managed by Fido, we get it on the pay date....
by Grt2bOutdoors
Sat Jul 13, 2019 9:08 pm
Forum: Personal Investments
Topic: Investing in Oil Companies
Replies: 15
Views: 1088

Re: Investing in Oil Companies

There is a new dynamic out there that wasn't there before. That is horizontal drilling and hydraulic fracking. This has opened up new oil from places where oil was previously thought to be unrecoverable. I have read that the frackers can make money on $40/barrel oil. What happens is that when oil p...
by Grt2bOutdoors
Sat Jul 13, 2019 9:05 pm
Forum: Investing - Theory, News & General
Topic: What’s the value of a company whose capital expenditures are so high that it can’t achieve positive free cash flows?
Replies: 9
Views: 997

Re: What’s the value of a company whose capital expenditures are so high that it can’t achieve positive free cash flows?

The OP needs to read the Management Discussion and Analysis section of the 10-k, read a few presentations on IR section of home page for Xcel. The company is sound.
by Grt2bOutdoors
Sat Jul 13, 2019 8:58 pm
Forum: Personal Investments
Topic: Investing in Oil Companies
Replies: 15
Views: 1088

Re: Investing in Oil Companies

There is a new dynamic out there that wasn't there before. That is horizontal drilling and hydraulic fracking. This has opened up new oil from places where oil was previously thought to be unrecoverable. I have read that the frackers can make money on $40/barrel oil. What happens is that when oil p...
by Grt2bOutdoors
Sat Jul 13, 2019 4:34 pm
Forum: Personal Investments
Topic: Am I holding too much cash?
Replies: 30
Views: 3801

Re: Am I holding too much cash?

Wait until you have the child, then make a decision.
by Grt2bOutdoors
Sat Jul 13, 2019 11:28 am
Forum: Personal Investments
Topic: my mom is a "financial advisor"
Replies: 66
Views: 7157

Re: my mom is a "financial advisor"

I believe front-end loads perhaps inadvertently worked as a behavioral finance tool for many people. Imagine investing and you have a loss of 6% the next day. Many people cannot stand losses, but also would not sell until the losses went away. How many posts have we see with "Should I wait until I ...
by Grt2bOutdoors
Sat Jul 13, 2019 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Invest in career change to Accounting for 37 yr old? Would it be foolish?
Replies: 145
Views: 7163

Re: Invest in career change to Accounting for 37 yr old? Would it be foolish?

It sounds like you like working with your hands and problem solving...so maybe look at another high paying trade like Electrician. Either commercial or residential electrical work can include problem solving, blueprint reading/design, etc and it's a good paying job. I'm entirely not interested in a...
by Grt2bOutdoors
Sat Jul 13, 2019 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Invest in career change to Accounting for 37 yr old? Would it be foolish?
Replies: 145
Views: 7163

Re: Invest in career change to Accounting for 37 yr old? Would it be foolish?

KyleAAA, The problem is OP may not be paid more with a CPA. So, why bother? KlangFool Why do you say that KlangFool? Depending on industry, the opportunities for those with a CPA will be greater. Grt2bOutdoors, 1) OP needs to get an accounting degree. OP has 2 years of general requisites under belt...
by Grt2bOutdoors
Sat Jul 13, 2019 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Invest in career change to Accounting for 37 yr old? Would it be foolish?
Replies: 145
Views: 7163

Re: Invest in career change to Accounting for 37 yr old? Would it be foolish?

My wife says passing the CPA exams was one of the hardest things she ever had to do. Solid earning potential, though. And every company needs accountants, so jobs are everywhere. I don't see why 37 would be too late. The downside is long hours during month end close. You can forget taking vacations...
by Grt2bOutdoors
Sat Jul 13, 2019 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Invest in career change to Accounting for 37 yr old? Would it be foolish?
Replies: 145
Views: 7163

Re: Invest in career change to Accounting for 37 yr old? Would it be foolish?

what is your total annual comp? accounting has overtime as well, just dont expect to be paid for it though. pivoting into accounting might mean you end up taking a pay cut. it is not necessarily a high paying field unless you can get into manager level roles which usually takes 5+ years of grinding...
by Grt2bOutdoors
Sat Jul 13, 2019 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Financing my daughter's college with my 401K
Replies: 60
Views: 3556

Re: Financing my daughter's college with my 401K

Is she working? If she makes $250/week, that makes a big dent. That can be 25 hours at a $10/hr job, or it can be fewer hours babysitting, waiting tables with tips, etc. $4K, it could be spending money or the daughter could be pursuing a field where working is not an option. I was talking about ear...
by Grt2bOutdoors
Sat Jul 13, 2019 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Invest in career change to Accounting for 37 yr old? Would it be foolish?
Replies: 145
Views: 7163

Re: Invest in career change to Accounting for 37 yr old? Would it be foolish?

3) If you think CNC is boring, try accounting. KlangFool Any field can be boring, if you have no interest in it. It's clear you have no interest in it KlangFool, but honestly, if it weren't for the accountants, especially those who certify the financial statements, would you have as much confidence...
by Grt2bOutdoors
Sat Jul 13, 2019 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Invest in career change to Accounting for 37 yr old? Would it be foolish?
Replies: 145
Views: 7163

Re: Invest in career change to Accounting for 37 yr old? Would it be foolish?

My wife says passing the CPA exams was one of the hardest things she ever had to do. Solid earning potential, though. And every company needs accountants, so jobs are everywhere. I don't see why 37 would be too late. The downside is long hours during month end close. You can forget taking vacations...
by Grt2bOutdoors
Sat Jul 13, 2019 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Financing my daughter's college with my 401K
Replies: 60
Views: 3556

Re: Financing my daughter's college with my 401K

runner540 wrote:
Sat Jul 13, 2019 9:19 am
Is she working? If she makes $250/week, that makes a big dent. That can be 25 hours at a $10/hr job, or it can be fewer hours babysitting, waiting tables with tips, etc.
$4K, it could be spending money or the daughter could be pursuing a field where working is not an option.
by Grt2bOutdoors
Sat Jul 13, 2019 9:17 am
Forum: Personal Investments
Topic: Inheritance money - all in the market or slowly put in?
Replies: 16
Views: 2346

Re: Inheritance money - all in the market or slowly put in?

I recently inherited an IRA and $200,000 cash. I am married, 44 years old, have a fully funded emergency fund, 529 plans funded, cars paid for, and my husband and I are maxing out retirement accounts. Still owe $218k on the house on a 15 year mortgage at 3.3 percent. Currently have everything at fi...