Search found 17838 matches

by Grt2bOutdoors
Sun May 20, 2018 7:02 am
Forum: Investing - Help with Personal Investments
Topic: $1,700,000 from family trust...
Replies: 10
Views: 893

Re: $1,700,000 from family trust...

Read the wiki on Windfalls. Tell no one about your sudden good fortune- nothing brings the flies out faster than the thought of free money. I repeat, keep your mouth shut!! Don’t go out and start buying new anything - that includes investments. If you put your money in a bank, don’t allow them to “i...
by Grt2bOutdoors
Sat May 19, 2018 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: 529 Plan - NJ Resident
Replies: 14
Views: 893

Re: 529 Plan - NJ Resident

Yes, but rarely does money in a 529 plan double in 7 years, that is close to 10-11% returns. I’ve been a 529 plan for 8 years, haven’t seen that kind of return though I didn’t lump in $70k either, added what I could when I could.
by Grt2bOutdoors
Sat May 19, 2018 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: New to investing 28 yo, advice on mutual funds
Replies: 6
Views: 474

Re: New to investing 28 yo, advice on mutual funds

Target date funds for tax deferred accounts maybe, they are subject to tinkering. Other funds to consider in a tax deferred account; broad based stock mutual fund like Total Stock Market Index. In a taxable account, one to three funds is all you need - broad based stock indexes, one bond fund. The m...
by Grt2bOutdoors
Sat May 19, 2018 4:05 pm
Forum: Personal Consumer Issues
Topic: Finance a $28,000 house for Brother?
Replies: 33
Views: 1811

Re: Finance a $28,000 house for Brother?

Don’t do it unless you can either pay cash or are willing to write the whole thing off and pay for it overtime or ruin your own credit.
by Grt2bOutdoors
Sat May 19, 2018 2:54 pm
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 199
Views: 40942

Re: "Why 97% of People Don't Use 529 College Savings Plans."

i don't understand why 529 threads always end up being so long. if you can max out your 401k, that alone puts you in the top 90th percentile of americans. add in maxing the IRA, probably bumps your into 95th percentile. add in maxing a HSA (stealth IRA) and yep, you're 97th percentile now. so if yo...
by Grt2bOutdoors
Sat May 19, 2018 1:10 pm
Forum: Personal Consumer Issues
Topic: Road trip Newark NJ to Albany
Replies: 42
Views: 1693

Re: Road trip Newark NJ to Albany

🤪 I lived 10 minutes from Newark airport for 30+ years. I recently moved out of state. You couldn’t get me to go back to Newark with a shotgun. I have a son attending school in Saratoga Springs New York. That’s a lovely town. Not even for Portugese food in the Ironbound? I lived in Newark for four ...
by Grt2bOutdoors
Sat May 19, 2018 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 66
Views: 4030

Re: Helping Adult Children (but not too much)

Pay for first 6 months car insurance, giving daughter 6 months to save up the money for car insurance going forward (just so she knows car insurance subsidy ends after x date - no surprises). If you have the means give her “starter” money, if you wish.
by Grt2bOutdoors
Sat May 19, 2018 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Push child to avoid expensive college?
Replies: 210
Views: 19593

Re: Push child to avoid expensive college?

^^ Old thread. A440 - take a look at NYC and LI education professionals, CBA are public.
by Grt2bOutdoors
Fri May 18, 2018 8:50 pm
Forum: Investing - Help with Personal Investments
Topic: Long term investment in grains/wheat
Replies: 22
Views: 1262

Re: Long term investment in grains/wheat

Stock in Archer Daniels, The Andersons, or Cargill? Cargill is privately owned. ADM makes most of its revenues from oil seed processing, corn refining, ethanol, commodity trading and flavors. The Andersons? Think they are geared to corn? How about Deere? You can’t plant crops without machinery.
by Grt2bOutdoors
Fri May 18, 2018 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: New to Bogleheading...young family looking for advice and open to all feedback
Replies: 17
Views: 1027

Re: New to Bogleheading...young family looking for advice and open to all feedback

That car loan is outrageous - either knock off the rate by a percentage or two or pay it off.

You should max out your 401 k, if your employer offers one.
by Grt2bOutdoors
Fri May 18, 2018 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 77
Views: 3792

Re: Dave Ramsey it or keep low interest debt

Do people actually take DR seriously? 🙄 I think many people here think DR is great for helping people get out of monstrous debt. Maybe one of the best. But I think most would not have great things to say for DR's investment advice. What you mean you haven’t spoken to a SmartVestor pro who has the “...
by Grt2bOutdoors
Fri May 18, 2018 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 77
Views: 3792

Re: Dave Ramsey it or keep low interest debt

Do people actually take DR seriously? 🙄 Yes, listen to his show, his opening line: “where cash is king, debt is dumb, the paid off home mortgage has taken the place of the BMW as the status symbol of choice”. He has a segment on show where individuals proclaim they’ve paid off X amount of debt in Y...
by Grt2bOutdoors
Fri May 18, 2018 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 77
Views: 3792

Re: Dave Ramsey it or keep low interest debt

Look at it this way... if you had both car loans paid for ($58k), would you go BORROW $58k just to invest it? Even worse, would you go borrow $58k just to finance another vehicle? The question isn't about financing another vehicle, but paying off a loan vs. investing. I'm not the OP, but at 1.24% w...
by Grt2bOutdoors
Fri May 18, 2018 8:22 pm
Forum: Personal Consumer Issues
Topic: Nephew graduating high school & joining military. Gift Ideas?
Replies: 28
Views: 1302

Re: Nephew graduating high school & joining military. Gift Ideas?

Cold hard cash$$. Give what you can afford - $50? $100.
by Grt2bOutdoors
Fri May 18, 2018 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 77
Views: 3792

Re: Dave Ramsey it or keep low interest debt

Millionaires are made by paying off debt? Yes and no. Look at the audience he is targeting, folks who don’t have a budget or discipline, when money touches their hands it goes through them like a sieve. Yes, those folks ought to pay off their debts, otherwise they won’t be able to save a dime since ...
by Grt2bOutdoors
Fri May 18, 2018 1:43 pm
Forum: Personal Consumer Issues
Topic: Road trip Newark NJ to Albany
Replies: 42
Views: 1693

Re: Road trip Newark NJ to Albany

It can be very grand and unforgettable around Newark airport. Everyone should see it once to experience it. It really is one of the 7+ wonders of the world. It's actually quite thrilling and breathtaking. Don't miss it if you have never seen it. So many lanes and signs and an amazing landscape of m...
by Grt2bOutdoors
Fri May 18, 2018 1:38 pm
Forum: Investing - Theory, News & General
Topic: Possibility of EE bond rates changing?
Replies: 8
Views: 658

Re: Possibility of EE bond rates changing?

The 20 year doubling rule has been in effect since May 2005. Fixed rate for EE Bonds issued in the six months after date: May 1, 2018 0.10% November 1, 2017 0.10% May 1, 2017 0.10% November 1, 2016 0.10% May 1, 2016 0.10% November 1, 2015 0.10% May 1, 2015 0.30% November 1, 2014 0.10% May 1, 2014 0...
by Grt2bOutdoors
Fri May 18, 2018 11:54 am
Forum: Personal Consumer Issues
Topic: Road trip Newark NJ to Albany
Replies: 42
Views: 1693

Re: Road trip Newark NJ to Albany

But if your goal is to get to Albany, probably easier to fly into Newark and take the Garden State Parkway north than to deal with LaGuardia and NYC traffic. If you aren't in a rush to get to Albany, I always found route 9 (east side of the Hudson River) was a nice scenic drive, esp. the parts that...
by Grt2bOutdoors
Fri May 18, 2018 11:52 am
Forum: Personal Consumer Issues
Topic: Road trip Newark NJ to Albany
Replies: 42
Views: 1693

Re: Road trip Newark NJ to Albany

It can be very grand and unforgettable around Newark airport. Everyone should see it once to experience it. It really is one of the 7+ wonders of the world. It's actually quite thrilling and breathtaking. Don't miss it if you have never seen it. So many lanes and signs and an amazing landscape of m...
by Grt2bOutdoors
Fri May 18, 2018 11:44 am
Forum: Personal Consumer Issues
Topic: Road trip Newark NJ to Albany
Replies: 42
Views: 1693

Re: Road trip Newark NJ to Albany

But if your goal is to get to Albany, probably easier to fly into Newark and take the Garden State Parkway north than to deal with LaGuardia and NYC traffic. If you aren't in a rush to get to Albany, I always found route 9 (east side of the Hudson River) was a nice scenic drive, esp. the parts that...
by Grt2bOutdoors
Thu May 17, 2018 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: where to put $1000 each for two kids (both worked this year and earned that much)
Replies: 7
Views: 608

Re: where to put $1000 each for two kids (both worked this year and earned that much)

First starting out, put it in a savings account or in a cd. Investing comes after saving and if the account were to lose money, no good deed goes unpunished- remember that!!
by Grt2bOutdoors
Thu May 17, 2018 8:40 am
Forum: Investing - Help with Personal Investments
Topic: Urgent: escrow situation in bay area
Replies: 50
Views: 2722

Re: Urgent: escrow situation in bay area

You are panicking and getting cold feet. I would not walk now, there is nothing wrong with the home. Losing $36k is huge - you will be down 4% with the swipe of a pen. Why are you relying on a bunch of strangers to help you decide? Shouldn’t you have made this inquiry before you signed contract, obt...
by Grt2bOutdoors
Thu May 17, 2018 7:43 am
Forum: Personal Finance (Not Investing)
Topic: somebody is using our address
Replies: 45
Views: 4470

Re: somebody is using our address

Notify your local Post Master, who should notify your local Postal Inspectors. The post office has its own law enforcement division to investigate precisely this sort of thing. +1. Exactly. Postal fraud is serious business, people go to jail for those kind of offenses. Look up Postmaster General.
by Grt2bOutdoors
Thu May 17, 2018 6:15 am
Forum: Personal Finance (Not Investing)
Topic: Buying I bonds - what is the purpose of Registration on TD website
Replies: 12
Views: 1317

Re: Buying I bonds - what is the purpose of Registration on TD website

The reason for buying them is for a shot at a higher rate of return for a relatively liquid (after 1 year) high quality security that is currently beating savings account rates. The interest is tax free on a state and local level, you will owe federal tax when you redeem them. You can hold them as s...
by Grt2bOutdoors
Thu May 17, 2018 6:09 am
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 362
Views: 15652

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

Another thing that people neglect is that standard deduction and tax brackets are indexed to COLA, so when they have portfolios of $10 million, the standard deduction will be $500,000 or so. What?? If someone today had a portfolio of $10 million how do you figure the standard deduction is 5%? Marri...
by Grt2bOutdoors
Wed May 16, 2018 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Buying I bonds - what is the purpose of Registration on TD website
Replies: 12
Views: 1317

Re: Buying I bonds - what is the purpose of Registration on TD website

I've been reading several posts on the pros and cons of buying I bonds...seems like most of the cons is associated with Treasury Direct's customer service and website itself and not necessarily disadvantages of holding I bonds. So we're thinking about moving ahead to purchase I bonds, $10,000 each ...
by Grt2bOutdoors
Wed May 16, 2018 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: What would you do to lower our oversized emergency fund?
Replies: 35
Views: 3236

Re: What would you do to lower our oversized emergency fund?

Actuarial Funded ratios is 96.7%. https://www.nystrs.org/About-Us/Press-Room/NYSTRS-by-the-Numbers NYSTRS is known to be, even among the NYS system, a very well run pension system. NYS pension is (state) constitutionally protected, and we just last year voted down a once-in-20yr possibility of a co...
by Grt2bOutdoors
Wed May 16, 2018 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Multiples credit pulls on a mortgage app
Replies: 9
Views: 643

Re: Multiples credit pulls on a mortgage app

Fire the banker!

But first, ask banker to tell credit agencies the second pull was in error.
by Grt2bOutdoors
Wed May 16, 2018 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Morgan growth fund
Replies: 14
Views: 730

Re: Vanguard Morgan growth fund

What is the performance of Tax Managed Small Cap vs. Morgan Growth Fund?
by Grt2bOutdoors
Wed May 16, 2018 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: Large Personal Injury Settlement
Replies: 58
Views: 4783

Re: Large Personal Injury Settlement

Go slower. Reading your replies, you are going too fast. I would stop meeting with the advisor. Do nothing but read and learn for 6 months. Really. As you spend more time here a plan will form. Involving advisors is not in your long term best interest. Even if low fee, they will take control. $3 mi...
by Grt2bOutdoors
Wed May 16, 2018 11:58 am
Forum: Investing - Theory, News & General
Topic: How much should I save before I start investing? and more
Replies: 12
Views: 1629

Re: How much should I save before I start investing? and more

Hi guys! First of all, I want to clear out that I am still at university- studying and working at the same time. I have been financially independent for some time now. As my graduation approaches, I started thinking about ways I can be smart with my finances. I am new to the forum and the investmen...
by Grt2bOutdoors
Wed May 16, 2018 8:51 am
Forum: Personal Consumer Issues
Topic: New motorcycle rider
Replies: 106
Views: 4194

Re: New motorcycle rider

As an experienced rider who has logged 65,000 miles, I advise you to forget it. It is incredibly dangerous out there today due to distracted drivers, and motorcyclists are extremely vulnerable. I got hit by a deer going 65 mph and suffered some serious injuries, and I was wearing all the safety gea...
by Grt2bOutdoors
Wed May 16, 2018 8:04 am
Forum: Investing - Help with Personal Investments
Topic: Large Personal Injury Settlement
Replies: 58
Views: 4783

Re: Large Personal Injury Settlement

Sage advise here. Slow and steady wins the race. Compounding is on your side at your young age. Is the .125% advisory cover everything or are expense ratios and trading fees on top of the .125%. That is a crazy low number. If it sounds to good to be true..................... The fee is excluding th...
by Grt2bOutdoors
Wed May 16, 2018 6:33 am
Forum: Investing - Help with Personal Investments
Topic: Fellow non-529ers
Replies: 43
Views: 2811

Re: Fellow non-529ers

The main problem I see with what the OP is doing: They are sequestering money away for college for their children as both a separate investing and separately mentally. If they are not going to use a 529 plan, then they should just have one portfolio asset allocation invested tax-efficiently. That w...
by Grt2bOutdoors
Wed May 16, 2018 6:25 am
Forum: Investing - Help with Personal Investments
Topic: Friend says "Stock market will crash, invest in silver" - thoughts?
Replies: 127
Views: 7444

Re: Friend says "Stock market will crash, invest in silver" - thoughts?

...A highly respected friend of mine is an expert in macroeconomics, and warned me to stay away from stocks... One of the most amazing things I have noticed, is that DW and I are better off than most of the other people in our little rural community. Maybe this is because many years ago we adopted ...
by Grt2bOutdoors
Wed May 16, 2018 6:15 am
Forum: Investing - Help with Personal Investments
Topic: Friend says "Stock market will crash, invest in silver" - thoughts?
Replies: 127
Views: 7444

Re: Friend says "Stock market will crash, invest in silver" - thoughts?

So, your respected friend thinks the stock market is getting cornered by the issuing companies and he advises you buy silver? Look up the Hunt Brothers, they actually did corner the silver market until they were busted for fraud, then came the collapse, silver inflation adjusted or even nominal has ...
by Grt2bOutdoors
Tue May 15, 2018 8:00 pm
Forum: Personal Consumer Issues
Topic: Brake work estimate
Replies: 45
Views: 2775

Re: Brake work estimate

Are they using OEM parts? https://www.rockauto.com/en/catalog/ford,2011,explorer,3.5l+v6,1447248,brake+&+wheel+hub,rotor+&+brake+pad+kit,13824 You can see there is a range of prices for pads and rotors for rear wheels of 2011 Ford Explorer, but those are not OEM parts, even the OE quality parts cost...
by Grt2bOutdoors
Tue May 15, 2018 7:51 pm
Forum: Local Chapters and Bogleheads Community
Topic: Yes, I'm 89 all right! [Jack Bogle]
Replies: 126
Views: 8680

Re: Yes, I'm 89 all right! [Jack Bogle]

Glad to hear you are feeling better. Looking forward to your next book, I'm sure the active management industry is too! :wink:
by Grt2bOutdoors
Tue May 15, 2018 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: I've bought a new home, should I sell or rent my old residence?
Replies: 21
Views: 1342

Re: I've bought a new home, should I sell or rent my old residence?

Sell it - two babies, a new house, you don't need the hassle of being a landlord at the same time.
by Grt2bOutdoors
Tue May 15, 2018 10:30 am
Forum: Investing - Help with Personal Investments
Topic: Small gift from Grandma to infant - where to put it?
Replies: 21
Views: 1924

Re: Small gift from Grandma to infant - where to put it?

If you currently own fewer than one share of Disney common stock, or do not currently own any shares of Disney common stock, you may join the Plan by completing an enrollment form and either making an initial cash investment of at least $175 or authorizing monthly deductions of at least $50 from a ...
by Grt2bOutdoors
Tue May 15, 2018 5:36 am
Forum: Investing - Help with Personal Investments
Topic: Small gift from Grandma to infant - where to put it?
Replies: 21
Views: 1924

Re: Small gift from Grandma to infant - where to put it?

My stepmother would like to gift $1,000 to my infant son. Her wish is that I buy Disney (DIS) stock in a custodial account for him. I have vast majority of my investments at Fidelity, and my understanding is that the minimum to open such an account is $2,500. So I'm trying to determine other option...
by Grt2bOutdoors
Mon May 14, 2018 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: Small gift from Grandma to infant - where to put it?
Replies: 21
Views: 1924

Re: Small gift from Grandma to infant - where to put it?

Disney offers a Direct Purchase Plan and Dividend reinvestment Plan. www.disneyshareholder.com, if that isn’t the address, check out www.disney.com.
by Grt2bOutdoors
Mon May 14, 2018 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to define "rich"?
Replies: 32
Views: 2202

Re: Best way to define "rich"?

If you have perfect health you are “rich”. You can have all of the money in the world, if you are in poor health, no amount of money is going to fix that. You can have all the money in the world, you are 100, time is in short supply. How “rich” are you? You are rich if you have health. You are rich ...
by Grt2bOutdoors
Mon May 14, 2018 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: First Post - On my feet?
Replies: 16
Views: 2197

Re: First Post - On my feet?

1b) Who is your HSA custodian? Interesting they offer Long-Term Bonds (selfishly more for my learning). My HSA is through The Bank of New York Mellon Corporation, which I hadn't noticed until you asked me. A custodian must be a bank, it's likely the custodian is The Bank of New York Mellon and not ...
by Grt2bOutdoors
Mon May 14, 2018 11:26 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Total Stock Market ETF vs. Vanguard Total Stock Market Index Fund Admiral Shares
Replies: 7
Views: 976

Re: Vanguard Total Stock Market ETF vs. Vanguard Total Stock Market Index Fund Admiral Shares

Forgive the beginner's question but if there a significant difference between investing in the Total Stock Index fund vs the ETF? Thanks! One can be traded continuously throughout the day via a brokerage account where you may pay a premium or discount of NAV based on market demand or lack thereof o...
by Grt2bOutdoors
Mon May 14, 2018 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Are bonds really needed - why not 100% stocks?
Replies: 71
Views: 5280

Re: Are bonds really needed - why not 100% stocks?

Get your hands on copies of the WSJ, NY Times from September 2008 to March 2010. Read them from cover to cover, then let us know why bonds are important to have in a portfolio. I wish more folks were 100% stocks. I'll stay 70/25/5 however. I could have made alot of money being 100% equity, I could ...
by Grt2bOutdoors
Mon May 14, 2018 9:01 am
Forum: Investing - Help with Personal Investments
Topic: Are bonds really needed - why not 100% stocks?
Replies: 71
Views: 5280

Re: Are bonds really needed - why not 100% stocks?

Get your hands on copies of the WSJ, NY Times from September 2008 to March 2010. Read them from cover to cover, then let us know why bonds are important to have in a portfolio.
by Grt2bOutdoors
Mon May 14, 2018 7:28 am
Forum: Investing - Help with Personal Investments
Topic: Limited Term Muni vs Savings Bank
Replies: 17
Views: 1305

Re: Limited Term Muni vs Savings Bank

Don't forget US Treasury Bills - Treasury Direct and/or your local broker, 1 year Tbills are yielding 2.28%, limited term has duration of 2 years give or take. The Tbill rate beats the savings bank by at least 60bps. That is incentive enough to take the 1 year rate and its state and local tax free, ...
by Grt2bOutdoors
Mon May 14, 2018 6:21 am
Forum: Investing - Help with Personal Investments
Topic: Interested in the Vanguard Wellington Fund Investor Shares (VWELX)
Replies: 7
Views: 1608

Re: Interested in the Vanguard Wellington Fund Investor Shares (VWELX)

StandTogether wrote:
Sun May 13, 2018 10:41 pm
I want a fund I can contribute regularly into with medium risk for longterm. If I buy VWELX directly from vanguard how do I do this online? I'm at the sign up page and I want to make sure I do this right.
What is your tax bracket? Will you be contributing to a taxable or tax deferred account?
by Grt2bOutdoors
Mon May 14, 2018 6:11 am
Forum: Investing - Help with Personal Investments
Topic: 529 Plan - NJ Resident
Replies: 14
Views: 893

Re: 529 Plan - NJ Resident

You should open one for each child. Assuming you can max out, there is a limit of 14k that you can give each child without triggering gift tax rules. So if you are ready to put in 28k, you would need one for each child. Also, a general advice reg 529 is I feel it should be started very early, i.e. ...