Search found 480 matches

by 260chrisb
Wed Jun 03, 2020 12:22 pm
Forum: Personal Investments
Topic: Options for retirement savings w/out 401K?
Replies: 4
Views: 282

Re: Options for retirement savings w/out 401K?

Do you think this is going to be a long term job? If you've had previous roll overs then perhaps not? It's not that relevant but may ease your concerns of missing out on what another company may offer. You would fund to the maximum allowed any IRA and HSA for your family. Outside of that; invest tax...
by 260chrisb
Wed Jun 03, 2020 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Selling wife's 1-year old car?
Replies: 86
Views: 5855

Re: Selling wife's 1-year old car?

Really? This is simple; you have plenty of money. Pay off both cars today and stop making poor car decisions in the future.
by 260chrisb
Tue Jun 02, 2020 3:45 pm
Forum: Personal Consumer Issues
Topic: How to keep chiipmunks from going into gutter/underground drain connection?
Replies: 34
Views: 1643

Re: How to keep chiipmunks from going into gutter/underground drain connection?

David Jay wrote:
Mon Jun 01, 2020 6:51 pm
Build a chipmunk swimming pool.
This is great advice. I refer to mine as the Chipmunk Aquatic Center.
by 260chrisb
Tue Jun 02, 2020 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Refinance to remove ex from mortgage?
Replies: 21
Views: 1224

Re: Refinance to remove ex from mortgage?

Never heard of "assumption" but if it's cheap or free to get her off the mortgage wouldn't you just use it? I always think I'm not clearly understanding these refinance questions when they come up! You don't say what the closing costs are and I'm not a fan of rolling them into the new loan as it see...
by 260chrisb
Mon Jun 01, 2020 7:28 am
Forum: Personal Investments
Topic: How to approach a friend: a first time investor bought a single stock
Replies: 43
Views: 2968

Re: How to approach a friend: a first time investor bought a single stock

Hello, maybe you could point me in a right direction. A friend of mine asked me an investment advice. Before that he attended a seminar about passive investing in his workplace and wanted to know more. I introduced him to bogleheads investment philosophy and many times emphasized the importance to ...
by 260chrisb
Mon Jun 01, 2020 7:24 am
Forum: Personal Investments
Topic: Rescheduling a 2020 Retirement Date?
Replies: 17
Views: 1767

Re: Rescheduling a 2020 Retirement Date?

Yes there's a lot going on in the world. But your post doesn't say how any of them impacts your retiring now, nor how postponing to some future date mitigates uncertainties. As a federal employee you have way fewer uncertainties (e.g., health of pension system, health care) than most retirees, in f...
by 260chrisb
Mon Jun 01, 2020 6:14 am
Forum: Personal Finance (Not Investing)
Topic: Saving money or pay off debt?
Replies: 17
Views: 1744

Re: Saving money or pay off debt?

Why would you want to have debt on a depreciating asset if you can pay it off? Obviously this lump is more than the car balance so you will be doing both. Pay it off and let your emergency fund grow to whatever level you need it to get to for comfort starting with this money.
by 260chrisb
Fri May 29, 2020 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: First Time Homebuyer - Any Advice?
Replies: 27
Views: 1335

Re: First Time Homebuyer - Any Advice?

I bought my first home in my early 50s and it was one of the best things I ever did but was prepared financially more so than somebody in their 20s or 30s. Be prepared and enjoy the experience. I really appreciate you disclosing the fact that you didn't buy your first home until you were in your 50...
by 260chrisb
Fri May 29, 2020 8:27 am
Forum: Personal Finance (Not Investing)
Topic: First Time Homebuyer - Any Advice?
Replies: 27
Views: 1335

Re: First Time Homebuyer - Any Advice?

Great question! First, take your time! Don't buy until YOU are ready. Set a realistic budget! Sadly your credit score often matters as it relates to a mortgage so make sure it's healthy. Start saving for a down payment of at least 20% of what you think you're going to spend after you have a fully fu...
by 260chrisb
Fri May 29, 2020 7:34 am
Forum: Personal Consumer Issues
Topic: Car Issues - No Oil
Replies: 52
Views: 3064

Re: Car Issues - No Oil

A mechanic can do a compression test and will know what bad main bearings sounds like, but the engine might have poor compression in some of the cylinders before this happened. Honestly if the car drives fine, you may have gotten lucky. There may have been some oil left that was being picked up by ...
by 260chrisb
Thu May 28, 2020 3:02 pm
Forum: Investing - Theory, News & General
Topic: Dry powder strategy?
Replies: 27
Views: 2536

Re: Dry powder strategy?

A 'dry powder strategy' is market timing, plain and simple. For that reason, it's widely eschewed on the forum. I could not agree more! I despise the term "dry powder" and the silly use of it. My money goes to my mortgage, my 401K, my HSA, my Roth, my emergency fund if need be, my checking account,...
by 260chrisb
Thu May 28, 2020 1:21 pm
Forum: Personal Consumer Issues
Topic: Car won't start
Replies: 31
Views: 1324

Re: Car won't start

Many of these responses are ridiculous. This is a common/simple problem. This isn't rocket science. You don't need to overthink it. No need to ask for over-the-top advice on the internet. Spend 2 minutes watching a youtube video, another 2 minutes to jump start the car, then drive to the nearest au...
by 260chrisb
Thu May 28, 2020 11:12 am
Forum: Personal Consumer Issues
Topic: Car won't start
Replies: 31
Views: 1324

Re: Car won't start

Don't assume that the battery itself is bad unless you know it's really old, or unless it's been tested and you know it's bad. Get the jump start, then drive it for 20 minutes or more to let your alternator recharge the battery as it usually does.\\ Cyclist Yes, this! Then, if it doesn't start due ...
by 260chrisb
Thu May 28, 2020 8:40 am
Forum: Personal Finance (Not Investing)
Topic: CC Points Extraction...What would you do with 1,000,000 points?
Replies: 18
Views: 1341

Re: CC Points Extraction...What would you do with 1,000,000 points?

Gift cards that don't expire or take a fee; grocery retailers, gas stations, Starbucks, restaurants, etc. You won't spend your own money for a long time. I've never paid out of pocket for Starbucks as I've used their cards that I obtained via points for over 15 years.
by 260chrisb
Tue May 26, 2020 4:43 pm
Forum: Personal Investments
Topic: 401K to Roth? Now or wait?
Replies: 7
Views: 400

Re: 401K to Roth? Now or wait?

Understand that a 401k or Roth IRA or Taxable account are buckets that hold stuff. Inside the 401k, Roth, Traditional IRA, etc you can have money market funds, bond funds, stock funds, individual stocks, etc. You have the bucket and then choose what type of stuff you put the money that is that buck...
by 260chrisb
Tue May 26, 2020 3:12 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads: What is your largest single stock holding? (if any)
Replies: 79
Views: 3932

Re: Bogleheads: What is your largest single stock holding? (if any)

Starbucks (SBUX) that I purchased in late 2008 or early 2009 very cheaply although not at it's low as it was getting beat up pretty badly. Seems like my buy in was around $9.00-10.00?? Last year I joked with my advisor who manages the account it's in that I'll sell it in my early years of retiremen...
by 260chrisb
Tue May 26, 2020 1:09 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads: What is your largest single stock holding? (if any)
Replies: 79
Views: 3932

Re: Bogleheads: What is your largest single stock holding? (if any)

Starbucks (SBUX) that I purchased in late 2008 or early 2009 very cheaply although not at it's low as it was getting beat up pretty badly. Seems like my buy in was around $9.00-10.00?? Last year I joked with my advisor who manages the account it's in that I'll sell it in my early years of retirement...
by 260chrisb
Mon May 25, 2020 4:11 pm
Forum: Personal Consumer Issues
Topic: Pandemic buys that have improved quality of life?
Replies: 143
Views: 12798

Re: Pandemic buys that have improved quality of life?

Captain Morgan Private Stock! :happy
by 260chrisb
Mon May 25, 2020 2:28 pm
Forum: Investing - Theory, News & General
Topic: Anybody do any GOOD timing the market?
Replies: 108
Views: 6106

Re: Anybody do any GOOD timing the market?

I sold enough to cover my first two years of retirement in December in an IRA rollover account . It was good timing of course and did it so that I would not have to sell in a down market two years from now when I retire. My plan is to cover my third year at the end of this year provided the market i...
by 260chrisb
Fri May 22, 2020 12:11 pm
Forum: Personal Consumer Issues
Topic: Bicycle Recommendation?
Replies: 48
Views: 4063

Re: Bicycle Recommendation?

Any name brand hybrid bike (e.g., Trek, Specialized, Cannondale, Giant, Scott, Kona, Marin, Jamis, etc.) from a bike shop will be fine as long as it fits you. With the exception of REI, I would avoid big box places. A good store will get you on the right fitting bike. The more you spend, the better...
by 260chrisb
Wed May 20, 2020 12:18 pm
Forum: Personal Investments
Topic: 401K Rollover Timing and Covid Volatility
Replies: 9
Views: 342

Re: 401K Rollover Timing and Covid Volatility

Hi all, ... Is there any advantage in waiting for some time other than today to start the process or is that essentially just another ill-advised form of market timing? If it were me, I'd just get things moving. Nobody knows if it will be better to be out of the market for a few weeks now, or a few...
by 260chrisb
Wed May 20, 2020 7:06 am
Forum: Personal Consumer Issues
Topic: What is your most luxury/expensive hobby.
Replies: 264
Views: 19709

Re: What is your most luxury/expensive hobby.

Cars! Vintage and not quite vintage Porsches and BMWs.
by 260chrisb
Mon May 18, 2020 7:18 pm
Forum: Investing - Theory, News & General
Topic: Efficiency or resiliency in investing, business, personal finance, etc.
Replies: 83
Views: 3528

Re: Efficiency or resiliency in investing, business, personal finance, etc.

Okay, I cheated and looked ahead and appreciate the answers but I'll answer number 2 in my opinion. Efficiency and resiliency are not at adds and I believe it is practical to have both within an investment strategy.
by 260chrisb
Mon May 18, 2020 7:07 am
Forum: Personal Investments
Topic: Best place to gradually save $6000 to max-out Roth IRA contribution in January
Replies: 54
Views: 3736

Re: Best place to gradually save $6000 to max-out Roth IRA contribution in January

Welcome! Perhaps in your checking account if that's where you keep your emergency fund. I like the lump sum approach personally.You have seven months until you can do anything assuming you've maxed out 2019 and 2020 and gradually having more than what you normally have in your emergency fund over th...
by 260chrisb
Sun May 17, 2020 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Three years of emergency fund too much in this time?
Replies: 39
Views: 4318

Re: Three years of emergency fund too much in this time?

Yes, three years of emergency fund is too much. At that point, it is no longer an emergency fund and is instead a significant portion of your asset allocation. It's fine if you determine that an asset allocation with cash is appropriate for your risk tolerance, but I feel calling it an "emergency f...
by 260chrisb
Fri May 15, 2020 3:32 pm
Forum: Personal Investments
Topic: Stop me from market timing!
Replies: 36
Views: 2477

Re: Stop me from market timing!

With all that's going on, I'm having a tough time keeping my mind from wandering into thoughts of market timing. A part of me keeps thinking this time will be different . Every new update (record-setting stimulus packages, employment rates, etc.) makes me think I should be exiting the market now an...
by 260chrisb
Fri May 15, 2020 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance cash out to pay off student loan?
Replies: 11
Views: 698

Re: Refinance cash out to pay off student loan?

I always have to wonder and so will ask; with 250K in student loan debt did it not come with a pretty high paying career choice? Assuming so, how about getting about the business of some serious lump sum payments to make these loans go away ASAP?
by 260chrisb
Fri May 15, 2020 3:18 pm
Forum: Personal Investments
Topic: Stop me from market timing!
Replies: 36
Views: 2477

Re: Stop me from market timing!

With all that's going on, I'm having a tough time keeping my mind from wandering into thoughts of market timing. A part of me keeps thinking this time will be different . Every new update (record-setting stimulus packages, employment rates, etc.) makes me think I should be exiting the market now an...
by 260chrisb
Thu May 14, 2020 6:01 pm
Forum: Personal Investments
Topic: **AMAZED** Just venting
Replies: 16
Views: 2425

Re: **AMAZED** Just venting

How do you know for sure folks here have amazing wealth? You can't turn back the clock so stop thinking about it and get over it. You're okay! Assuming you're still working; keep saving, pay down (or off) your mortgage, and get ready for retirement in 3-5 years. My guess is there are about 50 Millio...
by 260chrisb
Thu May 14, 2020 4:58 pm
Forum: Personal Investments
Topic: Advice for 22 year old on investing for home downpayment?
Replies: 29
Views: 1796

Re: Advice for 22 year old on investing for home downpayment?

15 years? I've never heard of such a long timeline for a first house purchase. So much can change in that time. I would just save up as much as you can, invest everything as one portfolio. When the purchase gets closer you can start picking nits about how to separate the down payment, if you even n...
by 260chrisb
Thu May 14, 2020 6:38 am
Forum: Personal Investments
Topic: Cash out refi to invest 100k
Replies: 30
Views: 2202

Re: Cash out refi to invest 100k

Sorry, not for me! I'm not clear on the need or the approach! Is this greed driven? You've done great and at 47 are practically set. Do you need that much more in returns and wealth to add risk? If it were me I would pay off the mortgage ASAP, hold it as an asset, and invest more in your taxable acc...
by 260chrisb
Wed May 13, 2020 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Employer cut 403b contribution to zero
Replies: 86
Views: 5860

Re: Employer cut 403b contribution to zero

... a) nothing— accept that I will have a 1/3 reduction in my 403b savings this year and, of course, possibly in the future (if I had to guess, I’d guess that in a few years, the university will resume contributing, but at a lower level) One vote for this. Of course, if you decide some spending has...
by 260chrisb
Wed May 13, 2020 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Should you include home equity in Net Worth?
Replies: 160
Views: 7615

Re: Should you include home equity in Net Worth?

Sure why not but I don't know how useful knowing your net worth really is. I consider my house a great place to live in addition to it being a pretty good savings account without instant liquidity. Having a lot of equity in the home makes me feel good and with a mortgage balance that is a third of t...
by 260chrisb
Sat May 09, 2020 9:23 am
Forum: Personal Investments
Topic: For a young investor, what percentage of my discretionary income should I put into the market
Replies: 10
Views: 626

Re: For a young investor, what percentage of my discretionary income should I put into the market

If you really have no need for it in the near term simply invest as much as you feel comfortable. A percentage is kind of irrelevant. Have a fully funded emergency fund with liquidity and after that, let it roll provided you're within you comfort level as it relates to risk. Savings for upcoming fut...
by 260chrisb
Sat May 09, 2020 8:26 am
Forum: Personal Investments
Topic: College age kid wrecked his car...
Replies: 113
Views: 6051

Re: College age kid wrecked his car...

Was it "your" his car of his car? Seems to me a college age kid could figure out how to buy his next car. Assuming you get an insurance claim, take a few grand from your cash fund add the insurance money, buy a 10K car, and move on.
by 260chrisb
Fri May 08, 2020 8:55 am
Forum: Forum Issues and Administration
Topic: Thank you, moderators!
Replies: 46
Views: 2682

Re: Thank you, moderators!

Yes, very well done and many thanks!!
by 260chrisb
Thu May 07, 2020 7:11 pm
Forum: Investing - Theory, News & General
Topic: [Investment strategy from this point forward]
Replies: 50
Views: 2067

Re: Coronavirus economy

Im simply asking for a short term strategy from now until we have a vaccine, for capitalizing on the businesses that will continue to do well in the coronavirus economy. By blindly investing into s&p500 funds, you are picking clear losers - Airlines are not making money, and neither are cruiselines...
by 260chrisb
Wed May 06, 2020 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: HSA options?
Replies: 10
Views: 479

Re: HSA options?

The common recommendation now is to use Fidelity HSA, which has 0 fees and allows for 100% investment of funds (many HSAs make you have a certain amount of dead cash in your account before you can invest). If you opt to open a 2nd HSA for investment, make sure you understand the fees for transferin...
by 260chrisb
Wed May 06, 2020 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: HSA options?
Replies: 10
Views: 479

Re: HSA options?

So if I understand this you (and Op) would simply open one outside of your employers and not participate in theirs since you want to use it as an investment instrument? If so, OP would then have both as his company puts in their $1500.00 to the company HSA.
by 260chrisb
Wed May 06, 2020 9:36 am
Forum: Investing - Theory, News & General
Topic: Yahoo: The Downsides of 401(k)s That You’ve Never Heard Of
Replies: 60
Views: 7907

Re: Yahoo: The Downsides of 401(k)s That You’ve Never Heard Of

Every time I open Yahoo Finance, the first thing that appears is either "Motley Fool Issues Rare Double Down" or "Man Makes $3M Day Trading". Ignore. :D Yep, I've seen enough of these as well. There are "downsides" to a 401K including potentially higher fees than one would incur on a normal basis a...
by 260chrisb
Wed May 06, 2020 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Another Should I Refinance Thread
Replies: 13
Views: 718

Re: Another Should I Refinance Thread

Has a 500k+ mortgage Concerned about saving $100 a month. Pick one Tough crowd tonight. I am not sure who wouldn't want to save $100 a month for doing essentially nothing. This new loan would save ~$30k over the life of the loan. I was going there as well. I'm all about saving a buck or three but w...
by 260chrisb
Wed May 06, 2020 7:30 am
Forum: Personal Investments
Topic: Is now a bad time to front load my 401k?
Replies: 12
Views: 1000

Re: Is now a bad time to front load my 401k?

Make sure your company has true up match if you want to max it out early. This is very important, many companies do NOT do that, so if you max out too early you loose the match for the rest of the year - seen that, done that...they only match a percentage of your salary if you contribute every pay ...
by 260chrisb
Tue May 05, 2020 9:30 am
Forum: Investing - Theory, News & General
Topic: All my friends are outperforming index funds
Replies: 122
Views: 11156

Re: All my friends are outperforming index funds

I keep trying to convince my friends about the value of low-cost index investing. For the most part they are not really financially savvy and rarely even invest at all. But what little investing they have done the past 3 months has outperformed the market. This from people who know almost nothing a...
by 260chrisb
Sun May 03, 2020 3:09 pm
Forum: Personal Consumer Issues
Topic: Lawnmower recommendation
Replies: 65
Views: 3930

Re: Lawnmower recommendation

Oh ya, I forgot; clean or change the air filter every couple years.
by 260chrisb
Sun May 03, 2020 3:07 pm
Forum: Personal Consumer Issues
Topic: Lawnmower recommendation
Replies: 65
Views: 3930

Re: Lawnmower recommendation

Buy a self propelled Honda. Use rec gas. Put stabil in it the last two times you fill it during the season. Turn off the fuel line when you mow for the last time so the fuel burns out and the engine stalls. Change the oil every couple years. I'm into my 5th season with mine and aside from a couple o...
by 260chrisb
Thu Apr 30, 2020 4:16 pm
Forum: Personal Consumer Issues
Topic: Why doesn't Porsche have better resale value?
Replies: 50
Views: 5395

Re: Why doesn't Porsche have better resale value?

REAL Porsches have air cooled engines behind the rear axle. They've more than held their value. VW Porsches, cooled by water depreciate like VWs. Well, I've driven a few water cooled Porsches that are REAL and yes air cooled variants (the newest one you can buy is now 23 years old) have held their ...
by 260chrisb
Thu Apr 30, 2020 4:11 pm
Forum: Personal Consumer Issues
Topic: Why doesn't Porsche have better resale value?
Replies: 50
Views: 5395

Re: Why doesn't Porsche have better resale value?

All new cars depreciate a lot and most Porsches even more. Being the first buyer of any Porsche is expensive, has always been expensive, and will always be expensive. Kind of difficult to compare them to a Toyota or Honda as they are really completely different vehicles in nearly every case. Future ...
by 260chrisb
Thu Apr 30, 2020 2:10 pm
Forum: Personal Investments
Topic: pay off mortgage vs. invest in the time of covid
Replies: 19
Views: 2660

Re: pay off mortgage vs. invest in the time of covid

Thanks for your response. We're located in about the best area I can imagine considering the circumstances. Some industries in trouble, but others are booming. My job is in the former, wife's in the latter. Major metro, good public transit, ok schools. Good fun stuff to do nearby. I'm sure I'll fin...
by 260chrisb
Thu Apr 30, 2020 8:05 am
Forum: Personal Investments
Topic: Confused on where to start 15% for retirement
Replies: 17
Views: 1370

Re: Confused on where to start 15% for retirement

$19,500 to pre-tax 401k, match doesn’t count toward max. $6,000 to each Roth IRA. You can contribute for your wife. $186k is the phase out income. You are under the limit. HSA is another place if you have a HDHP. Taxable/brokerage is next. 529 for college if you have kids. Welcome. Never too late t...