Search found 104 matches

by FrankTheViking
Thu Jul 30, 2020 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: I was looking at getting the 1% cash back discover card. How many of you use debit cards all the time?
Replies: 79
Views: 3726

Re: I was looking at getting the 1% cash back discover card. How many of you use debit cards all the time?

Wife and I use the card. Only at WinCo since they don't accept credit. Takes 2-3 business days for transferred funds to appear in the account... overall great card and great customer service.
by FrankTheViking
Wed Jul 29, 2020 6:19 pm
Forum: Personal Investments
Topic: High net worth, volatility phobic investor seeking help
Replies: 84
Views: 5763

Re: High net worth, volatility phobic investor seeking help

I'd say spread it out over everything she can think of. Start off with 6m in gold. At 95k a year, she's good unless she lives to 109+. After that 4m in silver. Why? No clue but why not... probably won't be volatile in a bad way and also 10m total is a nice round number. With the remaining 12m split ...
by FrankTheViking
Tue Jul 28, 2020 10:42 pm
Forum: Personal Investments
Topic: Thoughts on This Portfolio For a 24 Year Old
Replies: 37
Views: 2039

Re: Thoughts on This Portfolio For a 24 Year Old

I'm 24 aswell, and also think a crash is likely coming. I invest 80/20 total U.S. / total INTL. If the market tanks soon great, if it doesn't tank also great. Either way it would have no impact on my day to day life. Unless managing this portfolio brings you joy I would say simplify it. If it's not...
by FrankTheViking
Tue Jul 28, 2020 6:03 pm
Forum: Investing - Theory, News & General
Topic: asset allocation when there is an age difference btw spouses
Replies: 13
Views: 1204

Re: asset allocation when there is an age difference btw spouses

Hi, I'm 64, my wife is 57, I believe we'd choose a more aggressive asset allocation if we were both 57, should we be averaging our ages or using one of our ages to guide our asset allocation? tia, I wouldn't advise an 18 year old different than a 25 year old. I wouldn't advise a 73 year old differe...
by FrankTheViking
Tue Jul 28, 2020 5:27 pm
Forum: Personal Investments
Topic: Thoughts on This Portfolio For a 24 Year Old
Replies: 37
Views: 2039

Re: Thoughts on This Portfolio For a 24 Year Old

I'm 24 aswell, and also think a crash is likely coming. I invest 80/20 total U.S. / total INTL. If the market tanks soon great, if it doesn't tank also great. Either way it would have no impact on my day to day life. Unless managing this portfolio brings you joy I would say simplify it. If it's not ...
by FrankTheViking
Tue Jul 28, 2020 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Creative ways to meet rewards checking transaction requirements?
Replies: 29
Views: 1357

Re: Creative ways to meet rewards checking transaction requirements?

When I was a teenager I had a debit card that needed used 10 times a month. Occasionally I would go into Burger King and ask them to charge me 10 times for a small water costing 11c each. Looking back this probably irritated them but hey it worked.
by FrankTheViking
Sat Jul 18, 2020 10:54 am
Forum: Personal Investments
Topic: Until What Age Would You Recommend 0% Bond Allocation?
Replies: 149
Views: 8076

Re: Until What Age Would You Recommend 0% Bond Allocation?

I would argue it's more of a savings rate question. If you have 10x expenses saved and you are going for 25x for example, might aswell stick to 100% stock IMO. If you save 0.5x expenses per year and the stock market drops 50 percent or more, it will likely recover by the time you reach your goal, pl...
by FrankTheViking
Sun Jul 12, 2020 3:29 pm
Forum: Personal Investments
Topic: Do you ever feel you've missed out due to the 3-fund portfolio?
Replies: 125
Views: 9563

Re: Do you ever feel you've missed out due to the 3-fund portfolio?

Some guy on /r/wallstreetbets turned 35k into over 1 million throughout the crash this year trading options. How much collective money do you think was lost over the same time period from people trying to do the same thing?
by FrankTheViking
Sun Jul 12, 2020 3:09 pm
Forum: Personal Consumer Issues
Topic: New roof needed - Consider METAL ROOF?
Replies: 32
Views: 3068

Re: New roof needed - Consider METAL ROOF?

I'm not knowledgeable on the subject but have been in some houses with metal roofs. If it's raining you can hear the pitter patter. This might be a negative to some... I always found it soothing. May be related to the building standards of these older homes...
by FrankTheViking
Sun Jul 12, 2020 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Share your budget
Replies: 152
Views: 9789

Re: Share your budget

Household situation - Two main incomes, no kids Residence Area : VLCOL Residence : Rent Ages - 24/25 110,000 - Annual household income (approximately) Rent 645 Phones 55 Car insurance 90 Groceries 350ish Health insurance 200 Misc. Essentials 200 Life insurance 120 Internet 55 Utitilites 150 We buy t...
by FrankTheViking
Sun Jul 12, 2020 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: How many months of expenses do you have in emergency savings and why?
Replies: 45
Views: 3311

Re: How many months of expenses do you have in emergency savings and why?

0 No mortgage, no debt, no kids, multiple streams of income. If a small emergency were to pop up we could pay within 30 days we will use a credit card. Say we NEED a decent sum of cash out of no where, margin loan from M1Finance as long as it's small relative to account value. We also rent, if the w...
by FrankTheViking
Sat Jul 11, 2020 1:32 pm
Forum: Personal Investments
Topic: Question about understanding principal
Replies: 10
Views: 491

Re: Question about understanding principal

I believe hes asking if he withdraws 10k after 5k loss, is he still able to withdraw another 20k after market recovers. OP I believe you do not lose principle "credit" in this situation, but to be honest I'm not sure. Great question and I am also curious for an answer from someone more knowledgeabl...
by FrankTheViking
Sat Jul 11, 2020 12:17 pm
Forum: Personal Investments
Topic: Question about understanding principal
Replies: 10
Views: 491

Re: Question about understanding principal

I believe hes asking if he withdraws 10k after 5k loss, is he still able to withdraw another 20k after market recovers.

OP I believe you do not lose principle "credit" in this situation, but to be honest I'm not sure. Great question and I am also curious for an answer from someone more knowledgeable.
by FrankTheViking
Thu Jul 02, 2020 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Please suggest a Credit Card
Replies: 36
Views: 2372

Re: Please suggest a Credit Card

+1 for Citi Double Cash.
Wells Fargo Propel offers 3% back on gas, dining, and hotels / travel, no annual fee.
by FrankTheViking
Sun Jun 28, 2020 11:41 am
Forum: Investing - Theory, News & General
Topic: Warren Buffet Recommends S & P 500?
Replies: 34
Views: 3298

Re: Warren Buffet Recommends S & P 500?

I tried it but couldn't sleep well. Added 20% INTL and I'm a happy camper. I do believe being 100% U.S. will likely outperform over my lifetime, but personally I could not do it.
by FrankTheViking
Sat Jun 27, 2020 6:43 pm
Forum: Investing - Theory, News & General
Topic: Investing vs working
Replies: 67
Views: 5271

Re: Investing vs working

I’ve been thinking of some divide between an investor class and a working class. Those whose assets accrue wealth compared to those who only labor for their money. It made me think, will a diligent investor make more on their assets than they will on their labor over the course of a lifetime? I wou...
by FrankTheViking
Sat Jun 27, 2020 6:18 pm
Forum: Investing - Theory, News & General
Topic: Investing vs working
Replies: 67
Views: 5271

Re: Investing vs working

I’ve been thinking of some divide between an investor class and a working class. Those whose assets accrue wealth compared to those who only labor for their money. It made me think, will a diligent investor make more on their assets than they will on their labor over the course of a lifetime? I wou...
by FrankTheViking
Wed Jun 10, 2020 6:28 pm
Forum: Personal Investments
Topic: What other option is available besides Robinhood for newbie like me?
Replies: 11
Views: 618

Re: What other option is available besides Robinhood for newbie like me?

I use m1finance. Would highly recommend. Only downside IMO is that you can't really tax loss harvest.
by FrankTheViking
Wed Jun 10, 2020 6:03 pm
Forum: Personal Investments
Topic: Young investors and bonds
Replies: 94
Views: 5103

Re: Young investors and bonds

Yes. Coming from a young investor who does not own any bonds. Bonds not only diversify your portfolio, they could very well outperform equities over the next 20+ years. Who knows. Wife and I save hefty chunk of gross income, due to long time horizon, human capital, and personal risk tolerance I am f...
by FrankTheViking
Tue Jun 09, 2020 5:45 am
Forum: Non-US Investing
Topic: newbie doubt about AA
Replies: 8
Views: 689

Re: newbie doubt about AA

Assuming you are young, i.e. 20s or 30s, I see no reason to hold bonds especially if you are 50% cash. When you reduce allocation to cash down to just an EF, I see no issue with allocation. A lot of it is personal preference after a reasonable point.
by FrankTheViking
Sun Jun 07, 2020 4:12 pm
Forum: Investing - Theory, News & General
Topic: The Foster Portfolio (2017)
Replies: 17
Views: 1382

Re: The Foster Portfolio (2017)

Appreciate it. 20min well spent :sharebeer
by FrankTheViking
Sun Jun 07, 2020 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Capital One Quicksilver: 1.5% reward, thoughts?
Replies: 98
Views: 276440

Re: Capital One Quicksilver: 1.5% reward, thoughts?

Quicksilver is my main workhorse atm. Credits not good enough yet to get a Citi double cash or Wells Fargo Propel. I recall when I got it I chose it for the no foreign transaction fee, so if wifey and I go abroad in the future we're good. If you go with Chase Freedom (don't quote me on this but I th...
by FrankTheViking
Sun Jun 07, 2020 6:40 am
Forum: Personal Consumer Issues
Topic: Face mask recommendations
Replies: 173
Views: 12753

Re: Face mask recommendations

N95 of course, check out local concrete suppliers. They are in stock again, at least in my area.
by FrankTheViking
Sat Jun 06, 2020 4:23 pm
Forum: Personal Investments
Topic: Putting money in Roth IRA vs taxable account for early retirees
Replies: 11
Views: 656

Re: Putting money in Roth IRA vs taxable account for early retirees

Put money in 401k or traditional IRA. When you retire, assuming you have zero income, you can do a roth conversion up to a point tax free. This money can then be used 5 years later. I think the assumption here is that the OP is already maxing out his Traditional 401k. and his income is over the dir...
by FrankTheViking
Sat Jun 06, 2020 4:05 pm
Forum: Personal Investments
Topic: Putting money in Roth IRA vs taxable account for early retirees
Replies: 11
Views: 656

Re: Putting money in Roth IRA vs taxable account for early retirees

Put money in 401k or traditional IRA. When you retire, assuming you have zero income, you can do a roth conversion up to a point tax free. This money can then be used 5 years later. Key points: Put in Roth now you can only withdraw what you directly put in, NO EARNINGS until 59.5 If you put in a tra...
by FrankTheViking
Sat Jun 06, 2020 3:52 pm
Forum: Personal Investments
Topic: Nervous about market - pay off mortgage instead?
Replies: 79
Views: 6127

Re: Nervous about market - pay off mortgage instead?

In my opinion debt is an emotional issue. Nothing wrong with paying off the debt if you feel that way, nothing wrong with not if you follow the math. The math might change going forward. Your emotional status most likely wont. I don't like debt either, pay it off if you want. Or don't. You'll be sol...
by FrankTheViking
Sat Jun 06, 2020 2:55 pm
Forum: Personal Investments
Topic: Does TLH make it impossible to "lose money" in stocks?
Replies: 11
Views: 993

Re: Does TLH make it impossible to "lose money" in stocks?

Think about the question for a second.
by FrankTheViking
Thu Jun 04, 2020 6:55 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime Membership Question [Considering to drop membership]
Replies: 136
Views: 9657

Re: Amazon Prime Membership Question [Considering to drop membership]

Did not read full thread so I apologize if this is duplicate information. I have never paid for prime, have never paid for shipping, and packages have always arrived 1-3 days before original date at checkout. Amazon is just too good at what they do. If you use the prime movies I could see it being w...
by FrankTheViking
Thu Jun 04, 2020 6:20 pm
Forum: Personal Investments
Topic: DCA frequency
Replies: 24
Views: 1087

Re: DCA frequency

I dollar cost average EVERYTHING. i.e. I gets the monies, I invests the monies same day if possible.
by FrankTheViking
Thu Jun 04, 2020 6:12 pm
Forum: Personal Consumer Issues
Topic: To what Broadband Speeds do you Subscribe and Why?
Replies: 123
Views: 5959

Re: To what Broadband Speeds do you Subscribe and Why?

100 down 10 up $55 per month I'm a filthy millennial so I got to have that speed. That being said I grew up with dial up, as a late teen parents got wifi and had less than 5 mbps down. Worked for me. Now having my own place, the 100/10 is INSANE. I probably take internet for granted but not the spee...
by FrankTheViking
Sun May 31, 2020 5:45 pm
Forum: Personal Investments
Topic: When is it enough/too much?
Replies: 66
Views: 9163

Re: When is it enough/too much?

First off congrats. But if someone made 42k a year it's the equivalent of them hitting 100k. Granted the guy who hit 100k can't say screw it and retire if he drastically cut costs. Figure out "your" number and set out to achieve that, you're well on the way. Buy the house, spend where it makes you a...
by FrankTheViking
Sat May 30, 2020 6:12 pm
Forum: Personal Investments
Topic: Out of market now and need advice on re-entering
Replies: 107
Views: 10356

Re: Out of market now and need advice on re-entering

90/10 is aggressive. You're 52 and money is out of the markets. Revalue AA. If you go all in on physical gold you most likely won't "lose". But I don't recommend it.
by FrankTheViking
Thu May 28, 2020 11:21 am
Forum: Personal Consumer Issues
Topic: The Pros and Cons of sitting on an iPhone 11 Pro
Replies: 41
Views: 3173

Re: The Pros and Cons of sitting on an iPhone 11 Pro

I have to ask.... what do you carry in your front pockets?? Quick edit to actually contribute something. My wife occasionally sits on her galaxy s9+. This mentally bothers the hell out of me but most women's pants don't have front pockets so I can see how it happens. Been two years and nothing has c...
by FrankTheViking
Thu May 28, 2020 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Online bank recommendations
Replies: 32
Views: 2913

Re: Online bank recommendations

+1 for discover. Free online checking account with a 1% cashback debit card.
by FrankTheViking
Thu May 28, 2020 11:02 am
Forum: Investing - Theory, News & General
Topic: Sitting on a bunch of cash; what to do with it if I believe we're headed for SPX 1800 and protracted recession?
Replies: 206
Views: 21649

Re: Sitting on a bunch of cash; what to do with it if I believe we're headed for SPX 1800 and protracted recession?

scintillator I think you are mostly right. 1800 seems a little extreme but maybe. The deaths statistically wont make much of a dent in population but I don't see good GDP progress in the short term. If you follow through with this best of luck, could win big. I'm not as confident in my opinion and w...
by FrankTheViking
Thu May 28, 2020 10:53 am
Forum: Investing - Theory, News & General
Topic: Why is the stock market up? [thread multi-merge]
Replies: 521
Views: 21264

Re: Why is the market soaring?

[/quote] Well, even if you convinced yourself you need nothing more and stocks are no brainer (other types of assets are ‘why’ for you) It doesn’t mean that others have the same thoughts. :sharebeer [/quote] I'd like to retract my "why" regarding bonds. Bonds certainly have their place in many peopl...
by FrankTheViking
Wed May 27, 2020 7:33 pm
Forum: Investing - Theory, News & General
Topic: Why is the stock market up? [thread multi-merge]
Replies: 521
Views: 21264

Re: Why is the market soaring?

I get paid in a week. The whole paycheck is going into the stock market, I have nothing else to do with it. What would you do with your extra money? Better food, housing, transportation :confused investing in real estate, bonds, commodities :confused 1. Food is the one category we spend on. 2. Happ...
by FrankTheViking
Wed May 27, 2020 7:27 pm
Forum: Personal Investments
Topic: Should I lump sum some money today?
Replies: 28
Views: 3134

Re: Should I lump sum some money today?

Did you invest today? That way I know to be ready for tomorrow’s drop. :sharebeer I did. I pulled the trigger. I am sure I got in right at the peak of the suckers' rally. ::sigh:: The annoying part is that I didn't invest the money in March or April....(I did invest money in March, just not enough,...
by FrankTheViking
Wed May 27, 2020 6:13 pm
Forum: Investing - Theory, News & General
Topic: Why is the stock market up? [thread multi-merge]
Replies: 521
Views: 21264

Re: Why is the market soaring?

I get paid in a week. The whole paycheck is going into the stock market, I have nothing else to do with it. What would you do with your extra money?
by FrankTheViking
Wed May 27, 2020 5:56 pm
Forum: Personal Investments
Topic: Should I lump sum some money today?
Replies: 28
Views: 3134

Re: Should I lump sum some money today?

Did you invest today? That way I know to be ready for tomorrow’s drop. :sharebeer I did. I pulled the trigger. I am sure I got in right at the peak of the suckers' rally. ::sigh:: The annoying part is that I didn't invest the money in March or April....(I did invest money in March, just not enough,...
by FrankTheViking
Wed May 27, 2020 5:54 pm
Forum: Personal Investments
Topic: Should I lump sum some money today?
Replies: 28
Views: 3134

Re: Should I lump sum some money today?

I think you're looking for confirmation that lump summing today is the right move. I think most will agree that now is always the right time to invest money that is to be invested. +1. You might lose this go round but lump sum what you can, when you can in the future. I realize that that sentence s...
by FrankTheViking
Tue May 26, 2020 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Switching Insurance
Replies: 40
Views: 2073

Re: Switching Insurance

Was paying approx $110 a month through State Farm on my parents plan. That includes my wife and I, and two newer vehicles. Got a DUI had to find new insurance. Now paying $95 a month through Geico. The biggest catch? My parents have 25k/50k liability and 10k property. Our new policy is 250k/500k lia...
by FrankTheViking
Tue May 26, 2020 7:23 pm
Forum: Personal Investments
Topic: Multiple retirement accounts...Need help organizing!
Replies: 1
Views: 245

Re: Multiple retirement accounts...Need help organizing!

I can't tell you whats best but I can tell you what I do. I decided on an 80US/20INTL split. I approximate this split as best I can across all accounts, except my wifes 401k which offers an S&P 500 index at 1.5 basis points. In that fund we're 80% S&P / 20% INTL. Trying to split AA across several ac...
by FrankTheViking
Tue May 26, 2020 2:30 pm
Forum: Non-US Investing
Topic: 20-year-old, ETF portfolio
Replies: 5
Views: 351

Re: 20-year-old, ETF portfolio

Are these sound choices? Yes they are. To the extent possible, do your investing inside an ISA. That way, you don't have to worry about dividend and capital gains tax. Other than that, nothing to add. Looks good. Looks solid. I don't believe there's a reason to go outside of the U.S. for bonds so m...
by FrankTheViking
Tue May 26, 2020 2:22 pm
Forum: Non-US Investing
Topic: 20-year-old, ETF portfolio
Replies: 5
Views: 351

Re: 20-year-old, ETF portfolio

Looks solid. I don't believe there's a reason to go outside of the U.S. for bonds so might search the forum for that.
by FrankTheViking
Tue May 26, 2020 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Help understanding Credit Utilization (new to credit cards)
Replies: 15
Views: 756

Re: Help understanding Credit Utilization (new to credit cards)

I came across something somewhere that claims under 10% utilization is optimal. Under 30% is good but 10% is better. I pay cards off weekly to keep utilization down, might as well assuming most of your banking is done online.
by FrankTheViking
Mon May 25, 2020 8:38 pm
Forum: Personal Investments
Topic: I have no risk tolerance: where am I supposed to keep my money?
Replies: 73
Views: 6778

Re: I have no risk tolerance: where am I supposed to keep my money?

I work with a guy who doesn't trust banks so he keeps all his money in cash. I presume under the mattress who knows. So, mattress? Gold maybe... gold under the mattress?
by FrankTheViking
Mon May 25, 2020 8:29 pm
Forum: Personal Investments
Topic: Should all international go in Roth?
Replies: 7
Views: 562

Re: Should all international go in Roth?

I believe there might be an advantage to this approach. However after my own research I threw my hands up and invest in an even 80 / 20 split across all accounts. Much simpler, especially if tax laws shuffle around as they tend to do. If you are heavier than 20% in INTL it might be worth staying on ...
by FrankTheViking
Mon May 25, 2020 7:40 pm
Forum: Personal Investments
Topic: Taxable account has higher returns?
Replies: 21
Views: 2106

Re: Taxable account has higher returns?

The max limit for a roth 401k is $19500 and IRA is $6000 per year Combined that is $25500 max limit per year. Taxable accounts have no limits. So if I'm investing $10k per month, I'll have way more money invested annually in the stock market correct? Even after paying the 15% long term capital gain...