Search found 18536 matches

by Grt2bOutdoors
Sat Aug 18, 2018 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Real estate dropping like a rock in U.K. - can the U.S. be far behind?
Replies: 33
Views: 3874

Re: Real estate dropping like a rock in U.K. - can the U.S. be far behind?

The party in the states is ending slowly as rates rise. High end has already slowed a lot. Our house in Northern NJ is considered high end. It just went under contract for approx 20% less than realtors recommended listing it for, and we all considered it fairly priced. NY suburbs are experiencing s...
by Grt2bOutdoors
Sat Aug 18, 2018 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: Help With 529 Plan
Replies: 14
Views: 1050

Re: Help With 529 Plan

Without going into the details. If there is possible eligibility for financial aid. It is best to have roughly 1/2 in a parental owned 529 plan and 1/2 in a grandparent owned 529 plan. Then the parent's 529 plan is used for everything but the last 2 1/2 years and the grandparent's 529 plan is used ...
by Grt2bOutdoors
Sat Aug 18, 2018 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Making money last through retirement
Replies: 26
Views: 4448

Re: Making money last through retirement

What happens to money in a 529 if you do not use it for the education of your son? I'm asking 'cause I don't know for sure, but I do have some ideas. Let's say he gets a full ride. Your current $26k has grown to $30k and he didn't need any of it. If the money is withdrawn, but not used for educatio...
by Grt2bOutdoors
Sat Aug 18, 2018 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: Making money last through retirement
Replies: 26
Views: 4448

Re: Making money last through retirement

Another thing to remember on college funding is that you can take money out of IRAs to pay college expenses. I'm not so sure that 529s at your age make sense unless you are in a state that gives you a break on state taxes. I'd put the money into your wife's IRA - you should be able to do 5500 a yea...
by Grt2bOutdoors
Sat Aug 18, 2018 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Real estate dropping like a rock in U.K. - can the U.S. be far behind?
Replies: 33
Views: 3874

Re: Real estate dropping like a rock in U.K. - can the U.S. be far behind?

This is just an anecdotal observation, but I am now receiving 3-4 times a week a "WE WILL PAY CASH FOR YOUR HOME" flyer from some outfit... and those always seem to show up with that frequency when the local housing market is about to slow down. :happy They will pay cash alright, but only offer you...
by Grt2bOutdoors
Sat Aug 18, 2018 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Real estate dropping like a rock in U.K. - can the U.S. be far behind?
Replies: 33
Views: 3874

Re: Real estate dropping like a rock in U.K. - can the U.S. be far behind?

The party in the states is ending slowly as rates rise. High end has already slowed a lot. Our house in Northern NJ is considered high end. It just went under contract for approx 20% less than realtors recommended listing it for, and we all considered it fairly priced. NY suburbs are experiencing s...
by Grt2bOutdoors
Sat Aug 18, 2018 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 77
Views: 9080

Re: Teachers Who Have Net Worth of $1 million +

As a retired teacher, I'm interested in hearing from my fellow Life-Giving Educators who were able to devote their lives to teaching, invest over time, may have started side businesses, and have amassed over $1 million net. How did you do it? Perhaps share your net worth as a testament to other you...
by Grt2bOutdoors
Fri Aug 17, 2018 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting for clothes, hobbies, etc...
Replies: 6
Views: 561

Re: Budgeting for clothes, hobbies, etc...

Needs vs. wants. Pay yourself first. Are you saving 15% for retirement? Do you have any debt? Pay your rent or mortgage, food, healthcare, clothes. See what you have leftover for hobbies, that is what you spend. If you find yourself dipping into savings for hobbies and other things, you either have...
by Grt2bOutdoors
Fri Aug 17, 2018 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: Better Behavioural Finance Books?
Replies: 17
Views: 1175

Re: Better Behavioural Finance Books?

I specifically recommended Thaler's books earlier in this thread, because he is a "real economist" and his work has a greater emphasis on the behavioral finance. Kahneman and Ariely are psychologists (Ariely got a psychology degree but is now an academic in behavioral economics). Their books are ex...
by Grt2bOutdoors
Fri Aug 17, 2018 8:21 pm
Forum: Investing - Help with Personal Investments
Topic: Better Behavioural Finance Books?
Replies: 17
Views: 1175

Re: Better Behavioural Finance Books?

I might get some hate for this but Dave Ramsey's "The Total Money Makeover" completely changed my behavior and thinking about debt and personal finance. As Dave likes to say, "Personal finance is 80% behavior and 20% head knowledge" That, and adults devise a plan and carry it out, children do what ...
by Grt2bOutdoors
Fri Aug 17, 2018 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: Anybody Investing with 'Betterment'?
Replies: 22
Views: 2324

Re: Anybody Investing with 'Betterment'?

Interesting that it takes $100,000 to get the 30k miles. Betterment’s average client has ~$15k with the firm. This is clearly an attempt to push upscale, into profitable business perhaps. They’ll need it, to help them pay the latest regulatory fine they got dinged with. Can you elaborate please? Th...
by Grt2bOutdoors
Fri Aug 17, 2018 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: Anybody Investing with 'Betterment'?
Replies: 22
Views: 2324

Re: Anybody Investing with 'Betterment'?

Interesting that it takes $100,000 to get the 30k miles. Betterment’s average client has ~$15k with the firm. This is clearly an attempt to push upscale, into profitable business perhaps. They’ll need it, to help them pay the latest regulatory fine they got dinged with. Can you elaborate please? Wh...
by Grt2bOutdoors
Fri Aug 17, 2018 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting for clothes, hobbies, etc...
Replies: 6
Views: 561

Re: Budgeting for clothes, hobbies, etc...

That's it. How do you budget for clothes and my hobby (photography, film not digital). I realized I needed a line for this after getting rid of lots of clothes in my closet that no longer fit. Also, after realizing that I'm dipping into my savings to buy film, and other materials, and really dippin...
by Grt2bOutdoors
Thu Aug 16, 2018 8:16 pm
Forum: Investing - Theory, News & General
Topic: Mistake done [Europe - Have you ever regretted a trade that you made?]
Replies: 11
Views: 1193

Re: Mistake done [Europe - Have you ever regretted a trade that you made?]

You lost 25 basis points. That is, you lost 0.25% or one quarter of one percent in value. Okay, but realize the whole premise of investing is putting 100 percent of your capital at risk in the desire for future capital appreciation. What does it mean to be “at risk”? It means placing your money/cap...
by Grt2bOutdoors
Thu Aug 16, 2018 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 77
Views: 9080

Re: Teachers Who Have Net Worth of $1 million +

It very much depends on where you live and teach. I know quite a few teachers. Most do not seem to be concerned so much about net worth. Their pensions are, or will be, 87.5% of salary after 35 years (plus SS in my state) and they are now well into middle age making in the $80K to $95K range. Newer...
by Grt2bOutdoors
Thu Aug 16, 2018 6:38 am
Forum: Investing - Help with Personal Investments
Topic: Laddering I bonds as emergency fund
Replies: 8
Views: 960

Re: Laddering I bonds as emergency fund

If you are not able to contribute this year and your previous bonds have a fixed rate of 0%, you may want to consider selling the 0% bonds and exchanging them for the higher fixed rate of 0.3%.
by Grt2bOutdoors
Thu Aug 16, 2018 6:33 am
Forum: Investing - Theory, News & General
Topic: Mistake done [Europe - Have you ever regretted a trade that you made?]
Replies: 11
Views: 1193

Re: Mistake done [Europe - Have you ever regretted a trade that you made?]

You lost 25 basis points. That is, you lost 0.25% or one quarter of one percent in value. Okay, but realize the whole premise of investing is putting 100 percent of your capital at risk in the desire for future capital appreciation. What does it mean to be “at risk”? It means placing your money/capi...
by Grt2bOutdoors
Wed Aug 15, 2018 5:54 pm
Forum: Investing - Theory, News & General
Topic: Are Investment and Retirement Accounts Proctected Against Identity Theft?
Replies: 4
Views: 487

Re: Are Investment and Retirement Accounts Proctected Against Identity Theft?

What do they say? Watch your money? If you maintain a close watch on your accounts you lessen the chance for theft. If you rely on others, you increase the chance. No one will watch your money better than you. That’s why I check my balances frequently, why I use multiple levels of authentication, wh...
by Grt2bOutdoors
Wed Aug 15, 2018 6:27 am
Forum: Personal Consumer Issues
Topic: Adult piggy bank
Replies: 54
Views: 4284

Re: Adult piggy bank

Get yourself a 5 gallon demi-John used to store wine. It will take you decades to fill it up.
by Grt2bOutdoors
Wed Aug 15, 2018 6:25 am
Forum: Personal Consumer Issues
Topic: Adult piggy bank
Replies: 54
Views: 4284

Re: Adult piggy bank

Toons wrote:
Tue Aug 14, 2018 8:29 pm
I use an empty Folgers Black Silk red plastic coffee container.

:mrgreen:
Now I know where to look :moneybag
by Grt2bOutdoors
Tue Aug 14, 2018 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: Holding only VWENX for retirement
Replies: 12
Views: 1045

Re: Holding only VWENX for retirement

Wellington is 100% US. <--- I was wrong, see KlangFool below. Wellington is currently, according to Morningstar , 51.17% US stock and 13.45% international stock, meaning that 21% of its stock holdings are international. That is interesting. I always assumed (incorrectly) that Wellington invested in...
by Grt2bOutdoors
Tue Aug 14, 2018 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Civil service: Long Shot Interview.. Would you go?
Replies: 31
Views: 2915

Re: Civil service: Long Shot Interview.. Would you go?

You are being invited-that is a good sign. Go!
by Grt2bOutdoors
Tue Aug 14, 2018 8:29 pm
Forum: Personal Consumer Issues
Topic: Best consumer products - made in USA
Replies: 62
Views: 3048

Re: Best consumer products - made in USA

Wine from Napa or Sonoma county in California.
by Grt2bOutdoors
Tue Aug 14, 2018 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage [How should finances be handled?]
Replies: 58
Views: 4591

Re: Marriage [How should finances be handled?]

Thanks for the replies all. Also, any general advise (not investment related) regarding marriage is welcome too. Thank you. It was said before but I’ll repeat it - Communicating is key in all relationships, but super important in marriage. You can’t read minds (even if you think so). Be kind to eac...
by Grt2bOutdoors
Tue Aug 14, 2018 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance investment
Replies: 8
Views: 971

Re: Inheritance investment

She has not spoken with an attorney but does intend to. For now, she is keeping the funds separate from their joint accounts and wants to get the money invested. Any particular funds that I should steer her towards? What is her current asset allocation? She should invest according to her willingnes...
by Grt2bOutdoors
Tue Aug 14, 2018 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Railroad Retirement vs Social Security
Replies: 13
Views: 1216

Re: Railroad Retirement vs Social Security

I don't know much about pensions, having never been anywhere where one was offered. If you decide you want to retire before age 60, or you are forced to quit due to medical reasons for example, are you SOL and get nothing? No, RRB offers disability and survivor benefits much like Social Security. T...
by Grt2bOutdoors
Tue Aug 14, 2018 9:32 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 554
Views: 32634

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

I never invested in international, but not because it is not doing well it is because years ago I read Common Sense on Mutual Funds and John Bogle's chapter on that subject resonated with me so much that I felt it wasn't necessary. Having said that, just when you stop investing in it, it will do be...
by Grt2bOutdoors
Tue Aug 14, 2018 6:47 am
Forum: Investing - Help with Personal Investments
Topic: Inheritance investment
Replies: 8
Views: 971

Re: Inheritance investment

My mother has asked for advice on how to invest an inheritance she has received. I am a lurker and still trying to improve my game so I turn to you fine folks for some solid advice. She is 61 years old and retired. My dad is 66 and also retired. The inheritance amount is $375k. Her current plan is ...
by Grt2bOutdoors
Tue Aug 14, 2018 6:42 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 554
Views: 32634

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

sambb wrote:
Tue Aug 14, 2018 4:24 am
this thread has reminded me to buy international this week
buy low sell high is nice
I bought yesterday and I’ll be buying more in the coming days and weeks ahead. Stay the course!
by Grt2bOutdoors
Mon Aug 13, 2018 9:46 pm
Forum: Investing - Help with Personal Investments
Topic: Asked my advisor about fees and here's their reply
Replies: 40
Views: 5198

Re: Asked my advisor about fees and here's their reply

Read a couple of books. I recommend The Only Guide to a Winning Investment Strategy You’ll Ever Need - Larry Swedroe, All About Asset Allocation - Rick Ferri, The Little Book of Common Sense Investing by John Bogle where you learn about the tyranny of expenses. Read them, formulate an investment pol...
by Grt2bOutdoors
Mon Aug 13, 2018 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Railroad Retirement vs Social Security
Replies: 13
Views: 1216

Re: Railroad Retirement vs Social Security

Railroad retirement benefits have two components because you do not have Social Security benefits, instead you get a Social Security equivalent benefit and a pension payment. Social Security on a stand-alone basis will not pay you a benefit until age 63 at the earliest and it will be 30% reduced ben...
by Grt2bOutdoors
Mon Aug 13, 2018 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage [How should finances be handled?]
Replies: 58
Views: 4591

Re: Marriage

My advice is that if you are comfortable marrying someone you should be comfortable combining your finance. I’m sure there are people who have made it work, I’m just speaking from experience. All of the people I know who keep things separate are either divorced or miserable...YMMV +1. Agree 100% on...
by Grt2bOutdoors
Mon Aug 13, 2018 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage [How should finances be handled?]
Replies: 58
Views: 4591

Re: Marriage

A marriage is a legal contract, the joining of two parties - usually for love, companionship and to pool resources as two if handled strategically can improve their outcomes. If you both are rowing in sync, you’ll find the boat will glide across the water towards your destination in due time. If one...
by Grt2bOutdoors
Sun Aug 12, 2018 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: Newly retired - need to make a big change
Replies: 34
Views: 5315

Re: Newly retired - need to make a big change

Welcome to the Forum !! Regarding your proposed allocation to International Stocks, consider the following facts: 1. Diversification: Over 40% of the revenues of the S&P 500 come from international ops. So, the S&P 500 already has international covered. 2. Performance: International stocks as a cla...
by Grt2bOutdoors
Sun Aug 12, 2018 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Private Banking is a trap. Don't do it!
Replies: 55
Views: 6942

Re: Private Banking is a trap. Don't do it!

You can be direct without being rude. Just let them know that based on your needs and what you've learned since becoming a private banking client that you'd like to revert back to your 'regular' status. Of course they'll likely continue to push until you have to be rude but you can at least start o...
by Grt2bOutdoors
Sun Aug 12, 2018 9:16 pm
Forum: Investing - Theory, News & General
Topic: Offering 401k Advice to my coworkers?
Replies: 36
Views: 3222

Re: Offering 401k Advice to my coworkers?

Is anybody aware of a 401(k) committee member being sued by a plan participant for giving out advice? I am unaware of that happening. I think the risk of such a lawsuit is grossly exaggerated in this forum. Not yet, but give Schilecter (spelling?) time, I'm sure this will be next on the agenda. His...
by Grt2bOutdoors
Sun Aug 12, 2018 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: how much car can we afford?
Replies: 128
Views: 5637

Re: how much car can we afford?

really, you dont even say what you are looking at? why is this a serious question? you can afford a used Civic. I'm looking at a BMW 3 series certified pre owned about 40k with 8k miles on it Buying that car means that you will not be able to afford other things that you might want. sounds like you...
by Grt2bOutdoors
Sun Aug 12, 2018 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: how much car can we afford?
Replies: 128
Views: 5637

Re: how much car can we afford?

You’re kidding, right?
What kind of car are you looking at? I’d say a 40-45k car at most.
by Grt2bOutdoors
Sun Aug 12, 2018 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Which account to build up?
Replies: 17
Views: 958

Re: Which account to build up?

If you lost your employment tomorrow, how fast could you find new employment? If it’s more than 3 months, then there is your answer. I vote for more e funding.
by Grt2bOutdoors
Sat Aug 11, 2018 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Plan - Should I opt out?
Replies: 1
Views: 444

Re: Pension Plan - Should I opt out?

Hi, I am seeking advice on whether this pension plan option that my new employer offers is any good. I am thinking it still is worth contributing but want a second opinion. Employees pay 2% income in today to get a cash value of 9.5% today’s income at age 65 (yr 2056). The plan is vested with 5 yrs...
by Grt2bOutdoors
Sat Aug 11, 2018 8:14 pm
Forum: Personal Consumer Issues
Topic: How often do you check your brokerage accounts
Replies: 77
Views: 4763

Re: How often do you check your brokerage accounts

I check, can't be too careful these days. I also check my credit card accounts, I've caught two fraudulent transactions before the card company did, the first question from card company: How do you know its fraudulent? :oops: That is what we are dealing with these days.....
by Grt2bOutdoors
Sat Aug 11, 2018 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: New to the Vanguard approach and in mid 40's - how would you start?
Replies: 13
Views: 1202

Re: New to the Vanguard approach and in mid 40's - how would you start?

Welcome to the forum! I would start by taking a deep breath, all is not lost! Then, I would start by reading a few books first; I like Larry Swedroe's The Only Guide to a Winning Investment Strategy You'll Ever Need, Rick Ferri's All About Asset Allocation, William Bernstein's The Four Pillars of In...
by Grt2bOutdoors
Sat Aug 11, 2018 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Private Banking is a trap. Don't do it!
Replies: 55
Views: 6942

Re: Private Banking is a trap. Don't do it!

I get invitations to become a Chase private banking client from time to time. I also get a call about once a year from someone at the local Chase branch saying they want to "touch bases" with me. I suspect "touch bases" means a sales pitch for private banking. I don't return the calls. Eh, my local...
by Grt2bOutdoors
Sat Aug 11, 2018 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Private Banking is a trap. Don't do it!
Replies: 55
Views: 6942

Re: Private Banking is a trap. Don't do it!

Milk it for the good service and free wires and checks, and give them a firm no on investment advice. Since when does every deposit bank also need to provide proprietary commodity funds?!? :confused Add to the list - in-house proprietary "smart beta" funds, Alpha funds, access to "fund of funds hed...
by Grt2bOutdoors
Sat Aug 11, 2018 7:44 pm
Forum: Investing - Help with Personal Investments
Topic: Buy back service time on pension
Replies: 41
Views: 2821

Re: Buy back service time on pension

Rogue1 wrote:
Sat Aug 11, 2018 6:45 pm
Orange County--one of the wealthiest counties--went bankrupt in 1994.
That's because they thought they understood how derivatives work :oops: and :oops: :oops: they leveraged their investments to boot!
http://fortune.com/2012/11/21/the-culpr ... ge-county/
by Grt2bOutdoors
Sat Aug 11, 2018 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Private Banking is a trap. Don't do it!
Replies: 55
Views: 6942

Re: Private Banking is a trap. Don't do it!

Simply thank them for the opportunity to try out the service, but it's not for you. Your requirements do not require the "sophistication" they offer, you are moving your relationship back to the brick and mortar office and/or moving it outside to another institution. It's your money and it's your ch...
by Grt2bOutdoors
Sat Aug 11, 2018 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: Buy back service time on pension
Replies: 41
Views: 2821

Re: Buy back service time on pension

Good Listener: Regarding the possibility of an underfunded pension, I'm not excessively worried about it. Yes, it's a risk, no doubt about it. But while private companies that offer underfunded pensions go bankrupt, disappear, and don't necessarily make good on the pension, I think public employers...
by Grt2bOutdoors
Sat Aug 11, 2018 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: stock split: Vanguard balance shows huge decline
Replies: 9
Views: 963

Re: stock split: Vanguard balance shows huge decline

It is well known that Vanguard never has accurately updated info until about an hour or two before the next market open. That means numbers can be wrong over weekends, over holidays, and even longer over weekends that are followed by a holiday. But sometimes the error goes the other way: https://i....
by Grt2bOutdoors
Sat Aug 11, 2018 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance - confused about limits
Replies: 8
Views: 989

Re: Umbrella insurance - confused about limits

I have similar policies at Geico, almost identical. I do not think Geico offers 300/300, I also have 300/500. The $1M umbrella is above and beyond the auto limits, first you expend the 300/500 and if it goes over, then your $1M kicks in, that is how it was explained to me. They do offer 300/300. So...