Search found 257 matches

by 260chrisb
Mon Jun 17, 2019 9:11 am
Forum: Personal Consumer Issues
Topic: Keep 12 yr old bmw?
Replies: 22
Views: 1587

Re: Keep 12 yr old bmw?

Keep it!
by 260chrisb
Mon Jun 17, 2019 8:51 am
Forum: Personal Investments
Topic: Advice for young married couples: PLEASE HELP!
Replies: 49
Views: 3862

Re: Advice for young married couples: PLEASE HELP!

Certainly marrying the right person is important but not always easy! Develop and communicate a financial plan that you BOTH agree to and understand without going to the extremes, and combines most or all of your money. Similar and focused financial goals based on a livable plan will go a long way. ...
by 260chrisb
Thu Jun 13, 2019 9:24 am
Forum: Personal Investments
Topic: Starbucks; buy, sell, hold?
Replies: 41
Views: 3104

Re: Starbucks; buy, sell, hold?

That "hybrid strategy" makes me sound smart!! :wink: Never thought of it that way but I guess it is. This holding, in addition to the few other stocks I hold within this account will never likely exceed 5-6% of retirement assets and over the next 2-3 years will become less of a percentage as the por...
by 260chrisb
Thu Jun 13, 2019 8:24 am
Forum: Personal Investments
Topic: Starbucks; buy, sell, hold?
Replies: 41
Views: 3104

Re: Starbucks; buy, sell, hold?

I've enjoyed the replies. Probably need to trim it. Probably won't! :D I just frankly like the company and the holding. It's not "fun Money" as it's in a retirement account and there is no advisor fee to sell all or some. I bought one time, bought in at around $11.00, and it's at $83.00 today. Looki...
by 260chrisb
Tue Jun 11, 2019 8:06 pm
Forum: Personal Investments
Topic: Starbucks; buy, sell, hold?
Replies: 41
Views: 3104

Starbucks; buy, sell, hold?

Anyone hold and have any thoughts on SBUX over the next 3-5 years? It's one of the few individual stocks I own and I bought shares 10 years ago. Needless to say it's done very well. It's about 2% of my retirement holdings and is in a traditional IRA. My advisor has tried to get me to sell it or trim...
by 260chrisb
Mon Jun 03, 2019 7:56 am
Forum: Investing - Theory, News & General
Topic: You May Never See Your Grandchildren Again
Replies: 83
Views: 13861

Re: You May Never See Your Grandchildren Again

Rick; thanks for posting this. So, how was dinner??
by 260chrisb
Thu May 30, 2019 9:25 am
Forum: Investing - Theory, News & General
Topic: Jim Cramer
Replies: 59
Views: 5446

Re: Jim Cramer

The bottom line is that these guys and gals have to have something to talk about every day the market is open. Week in and week out that's what they get paid to do. If I didn't hold a strong belief in the ways of Bogleheads I'm not sure what I would do with the information thrown out every day of th...
by 260chrisb
Mon May 13, 2019 8:43 pm
Forum: Forum Issues and Administration
Topic: For how long will the forum be around?
Replies: 94
Views: 7226

Re: For how long will the forum be around?

Nakatomi beat me to the punch!! Yes; "US stocks in a free fall" has got to go!! :D
by 260chrisb
Sun May 12, 2019 7:30 pm
Forum: Personal Investments
Topic: Feedback on house purchase
Replies: 19
Views: 1800

Re: Feedback on house purchase

Agree that if your income is stable then you're good to go. You've done an outstanding job at your ages with saving and investing but have to ask and always wonder; why if you have so much cash do you have ANY debt outside of your mortgage?
by 260chrisb
Tue May 07, 2019 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Walk away from my auto lease?
Replies: 154
Views: 7673

Re: Walk away from my auto lease?

Not sure what you mean by you "not wanting to turn this into my life's work".
by 260chrisb
Tue May 07, 2019 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Walk away from my auto lease?
Replies: 154
Views: 7673

Re: Walk away from my auto lease?

Didn't know you could do a 2 year lease on a new car? What make and model is it?
by 260chrisb
Fri May 03, 2019 7:07 am
Forum: Personal Consumer Issues
Topic: Need help with car 1995 Chevrolet Cavalier service engine light comes on after it runs 20-30 min.
Replies: 21
Views: 1398

Re: Need help with car 1995 Chevrolet Cavalier service engine light comes on after it runs 20-30 min.

I think what's wrong is that it's a Chevy Cavalier that was built 25 years ago. Repairs will cost way more than the car is worth. It's been a long time since I've seen one of these on the road. Treat yourself to an upgrade.
by 260chrisb
Thu May 02, 2019 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Giving two week's notice before stock options vest
Replies: 91
Views: 5769

Re: Giving two week's notice before stock options vest

Sounds like you should have negotiated a different start date. You're risking 20K which is a lot of money even with a sizable increase with your new gig. I hate to make it about the money but I think I would lean toward the 2 day notice as bad as that is and get the 20K. I get the feeling you're pre...
by 260chrisb
Fri Apr 26, 2019 6:27 am
Forum: Personal Finance (Not Investing)
Topic: Do I need title insurance?
Replies: 58
Views: 6406

Re: Do I need title insurance?

It's a scam in my opinion. You pay a title company to do a title search then pay for title insurance in case they miss something. Really?
by 260chrisb
Thu Apr 25, 2019 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Advising financially unsavvy family on windfall
Replies: 77
Views: 5732

Re: Advising financially unsavvy family on windfall

I think that unless they are asking for your advice, you don't offer any or even get involved. Being financially responsible is a choice and comes with a level of sophistication. Having said that, folks who are and who have been responsible see the potential failure of those who are not for whatever...
by 260chrisb
Tue Apr 23, 2019 8:15 am
Forum: Personal Investments
Topic: Max out 403b/401k early ?
Replies: 16
Views: 1012

Re: Max out 403b/401k early ?

If you're not missing the max load it up early!!
by 260chrisb
Mon Apr 22, 2019 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Can one own a Porsche 911 that is not a money pit?
Replies: 49
Views: 5136

Re: Can one own a Porsche 911 that is not a money pit?

These questions always open up the proverbial can of worms with endless suggestions of alternate cars, inaccurate facts, etc.!! You would be best to ignore any advice from anyone who has never actually owned one. Several replies have come from past or current owners. As a current and long time owner...
by 260chrisb
Sat Apr 20, 2019 12:14 pm
Forum: Personal Investments
Topic: Is it better to borrow from 401(k) or withdraw from ROTH for a downpayment?
Replies: 15
Views: 653

Re: Is it better to borrow from 401(k) or withdraw from ROTH for a downpayment?

As you're seeing there is pretty much a consensus. My vote: none of the above! At 27 you have 75K more than I had at that age (probably more than most here I'm guessing) and are off to a great start! Never borrow from a retirement account unless its the absolute final option to avoid a bankruptcy or...
by 260chrisb
Sat Apr 20, 2019 8:51 am
Forum: Personal Investments
Topic: Ever Too Much in HSA?
Replies: 53
Views: 5081

Re: Ever Too Much in HSA?

That's a lot at your age and a good problem to have. My guess is you're doing pretty well with your retirement accounts as well and don't miss the money. So it's at 38K and you're 32. What's it going to look like at 40? Assuming you don't touch it much and keep maxing it's gonna be 100K. Maybe at th...
by 260chrisb
Sat Apr 20, 2019 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house without a realtor
Replies: 49
Views: 4561

Re: Buying a house without a realtor

Of course you can buy a house without a realtor. The world is full if FSBO houses. I did it, although the seller was a close and long time friend. You have the same process of negotiating the ask/sell price, you have to and want to have an appraisal ( especially assuming a mortgage), do a title sear...
by 260chrisb
Fri Apr 19, 2019 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: The reality of borrowing from your 401k for home mortgage
Replies: 48
Views: 3265

Re: The reality of borrowing from your 401k for home mortgage

The reality is you don't need to do it and in my opinion should never do it. You're 27, have a NW of 250K, investments of 200K, and income of 150K. Pretty damned good at your age. Slow down and save for a down payment. How long could it take to save 70-80K, make a strong down payment, and avoid PMI?...
by 260chrisb
Thu Apr 18, 2019 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Not Maxing 401K OK?
Replies: 53
Views: 5504

Re: Not Maxing 401K OK?

You'll get plenty of feedback here relative to the question but I want to know when making 125K made a person mortal and low income? LOL.....No, you don't have to max out the 401K. You're doing great, are both young, are saving at a high rate, have a high net worth for your age, have an emergency fu...
by 260chrisb
Tue Apr 16, 2019 3:10 pm
Forum: Personal Consumer Issues
Topic: What Are Your Simple Pleasures?
Replies: 145
Views: 12195

Re: What Are Your Simple Pleasures?

This is fun; mine include coffee, a great aged rum cocktail while watching the Weber smoke, any bike ride outside, and a spring or fall drive in a vintage Porsche 911. Hmmmmmm……..had the coffee, rode the bike at the Y, got some rum, maybe I'll go for a drive and then put something on the grill. It's...
by 260chrisb
Sun Apr 14, 2019 7:31 pm
Forum: Personal Investments
Topic: Where to hold 2-3 years of living expenses
Replies: 28
Views: 5606

Where to hold 2-3 years of living expenses

I'm three years away and after many years of saving I am slowly increasing my cash holdings in my taxable portfolio, tax deferred 401K, rollover IRA, and slightly in my Roth. I never see it being more than 10% (probably 2% now) and plan to have at least 3 years worth of cash to draw from when the da...
by 260chrisb
Sun Apr 14, 2019 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: how long to have mailed check cashed by IRS?
Replies: 13
Views: 1166

Re: how long to have mailed check cashed by IRS?

Took the Feds 3 days for mine. Mailed 4-6 (Saturday!) cleared 4-9.
by 260chrisb
Wed Mar 20, 2019 7:31 pm
Forum: Personal Consumer Issues
Topic: Being a Boglehead and car enthusiast stinks
Replies: 72
Views: 4556

Re: Being a Boglehead and car enthusiast stinks

Stop the pity party!! Plenty of car enthusiast here including myself and frankly it doesn't stink! I own way more cars than I should and don't think it stinks. You need to go about it in the same manner you've gone about your savings for retirement, a home, college, or a car you want to buy or one t...
by 260chrisb
Mon Mar 18, 2019 2:25 pm
Forum: Personal Investments
Topic: Is a Roth 401K subject to RMDs?
Replies: 3
Views: 269

Is a Roth 401K subject to RMDs?

I recently had someone say their Roth 401K was subject to RMDs similar to their traditional 401K at age 70.5. I thought and said that I did not know this to be the case. Are they?
by 260chrisb
Tue Mar 12, 2019 10:44 am
Forum: Personal Investments
Topic: Using Roth IRA funds for first-time home purchase
Replies: 17
Views: 905

Re: Using Roth IRA funds for first-time home purchase

This is an interesting question and I'm looking forward to an answer from folks much more informed than me but prepare yourself for the inevitable questions as to why you are using retirement funds for a home purchase. They are forthcoming.
by 260chrisb
Mon Mar 11, 2019 3:33 pm
Forum: Personal Consumer Issues
Topic: Can you negotiate a lease buyout price?
Replies: 9
Views: 802

Re: Can you negotiate a lease buyout price?

Technically anything can be negotiated. The dealer is licking their chops to get this car back since you obviously didn't use anywhere near the allotted miles and they know they can certify it cheaply and resell it. The only possible scenario would be if the buyout is way lower than the market value...
by 260chrisb
Sun Mar 10, 2019 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Car is likely totaled, not at fault. Negotiate?
Replies: 31
Views: 1940

Re: Car is likely totaled, not at fault. Negotiate?

On a separate note; be very careful what you say if the insurance company of the at fault driver calls and asks you to answer questions relative to the accident and file a statement. This is a ploy that enables them to potentially reduce the amount they are liable for and establish you partially at ...
by 260chrisb
Sun Mar 03, 2019 4:56 pm
Forum: Personal Investments
Topic: Home Down Payment - 2 Year Horizon
Replies: 3
Views: 391

Re: Home Down Payment - 2 Year Horizon

Sure, put it in a CD. You didn't say what your expected profits were from the sale of the rentals or when you plan to sell them. Assuming 40K down on the 200K purchase the money you're saving in addition to the rental sale profits won't likely be much money.
by 260chrisb
Sat Feb 23, 2019 9:33 am
Forum: Personal Investments
Topic: I'm essentially market timing, but can't bring myself to stop.
Replies: 71
Views: 6828

Re: I'm essentially market timing, but can't bring myself to stop.

If you want to hold it in cash, hold it in cash. History has proven long term market exposure as you know is a key to building wealth. Market timing is not. Can you risk losing 10, 20, or 30%? How will you feel if the markets go up another 15% this year with it in cash? On a separate note; you haven...
by 260chrisb
Fri Feb 22, 2019 6:38 am
Forum: Personal Finance (Not Investing)
Topic: How to finance car purchase for teen
Replies: 60
Views: 2839

Re: How to finance car purchase for teen

Of course the dealer wants you to co-sign; you, not him or your son, are buying the car. He doesn't need an income, he and the dealer has you so you're good to go. Also, if you lease, this guy will be nowhere to be found when you bring the car back and they charge you for EVERY thing that is not per...
by 260chrisb
Thu Feb 21, 2019 7:41 pm
Forum: Personal Consumer Issues
Topic: Another "Is it worth it to fix" question [2002 Nissan Sentra]
Replies: 66
Views: 4153

Re: Another "Is it worth it to fix" question [2002 Nissan Sentra]

Maybe get a second opinion first but if it's a trusted mechanic you've used before; fix it. Just because Rock Auto has one for $200.00 doesn't mean it's what you should buy.
by 260chrisb
Mon Feb 18, 2019 8:24 pm
Forum: Personal Consumer Issues
Topic: Wife filled our gas engine car with diesel fuel
Replies: 111
Views: 11515

Re: Wife filled our gas engine car with diesel fuel

I too didn't know you could do this as the nozzle is larger on Diesel than on gas and wouldn't fit. You got it to the right place, they've seen this before. Expect $400.00-$500.00 at the least. Pay the bill, move on in life with the more important stuff at the moment.
by 260chrisb
Tue Feb 12, 2019 9:35 pm
Forum: Personal Investments
Topic: Wellington & Wellesley Funds
Replies: 20
Views: 3968

Re: Wellington & Wellesley Funds

So, samsdad, I want to ask; don't mean to be personal but how do you own a fund indirectly with your parents? Being as they are in their 70's are you hoping to inherit it thus being an "indirect" owner??? :D
by 260chrisb
Tue Feb 12, 2019 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Where to put money aside for car fund?
Replies: 16
Views: 1532

Re: Where to put money aside for car fund?

In your checking account generally as you get closer or VG MM fund for a longer span. I keep enough in the MM fund to at least partially buy bigger ticket items but also have sold investments to buy cars. Seems to me a 6 year 70,000 mile vehicle has more than a few more years left in it.
by 260chrisb
Mon Feb 11, 2019 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Should/Could I semi-retire now, and question about medical insurance until 65?
Replies: 18
Views: 1387

Re: Should/Could I semi-retire now, and question about medical insurance until 65?

I like where you are and I'm at a similar point and similar situation just a couple years younger. Can you live on 35K a year? Sounds like it. Where does that money come from? So, work until 60 while you save up some more cash. Do COBRA from work for the year and a half if it makes financial sense a...
by 260chrisb
Mon Feb 04, 2019 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Help for friend who makes lots of mistakes.
Replies: 27
Views: 2785

Re: Help for friend who makes lots of mistakes.

How exactly did she dumb her way into having 300K? Did she start with 500K? :oops: That's a lot of money for the average 67 year old.
by 260chrisb
Fri Feb 01, 2019 8:32 am
Forum: Personal Finance (Not Investing)
Topic: How much do you keep in checking?
Replies: 135
Views: 10752

Re: How much do you keep in checking?

About 3-4 months of expenses. Over the next several years as I eye retirement it will likely become 6-9 months worth. For me, having easy liquidity is a pretty good feeling. Not that the prime money market fund doesn't offer the same, it's just that I don't plan to touch that unless something drasti...
by 260chrisb
Thu Jan 31, 2019 10:17 am
Forum: Personal Investments
Topic: Lumpsum Contribution or Monthly Contribution to 401K
Replies: 31
Views: 1282

Re: Lumpsum Contribution or Monthly Contribution to 401K

This may turn out to be good entertainment for you and HR as they may not have ever been asked questions like this before. I work for a small company and our HR/401K/accounting/etc. department had never addressed questions relative to lump summing, diverting 100% of pay as contributions until the ma...
by 260chrisb
Thu Jan 31, 2019 7:38 am
Forum: Personal Investments
Topic: Lumpsum Contribution or Monthly Contribution to 401K
Replies: 31
Views: 1282

Re: Lumpsum Contribution or Monthly Contribution to 401K

I lump summed for years and it was a great sense of accomplishment. I changed when my company changed how they matched. Make sure you're not losing any company match doing a lump sum before you decide. Years ago, the first time I maxed it was a by-product of higher than expected commissions paid in ...
by 260chrisb
Tue Jan 29, 2019 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Using your HSA "correctly"
Replies: 13
Views: 955

Re: Using your HSA "correctly"

This is a very good question and topic. I've currently got just one years worth of cash in my HSA, it's non investable right now, I'm three years away from retirement hopefully, and will ultimately only have so much in it based on that and don't see myself investing this money at all maybe ever. May...
by 260chrisb
Mon Jan 28, 2019 1:25 pm
Forum: Personal Investments
Topic: Helping Kids with Home Purchase
Replies: 77
Views: 5985

Re: Helping Kids with Home Purchase

This is an odd family tradition. No way I would do it. These are adults, not kids. Maybe gift them the down payment but co-sign; nope not me.
by 260chrisb
Wed Jan 23, 2019 9:26 am
Forum: Personal Investments
Topic: I'm 23 and I'm trying to help my family with their finances
Replies: 19
Views: 1603

Re: I'm 23 and I'm trying to help my family with their finances

I agree with 8foot7 and several others! My question is; why would you want to offer her advice in the first place? Did she ask? You're 23, you're paying attention,this is a good place for you. Seems to me she's done pretty well and will continue to do so. Stay out, go on with your life and your long...
by 260chrisb
Mon Jan 21, 2019 7:54 am
Forum: Personal Consumer Issues
Topic: Rental Car Insurance Ireland & Scotland?
Replies: 21
Views: 823

Re: Rental Car Insurance Ireland & Scotland?

Have a great time. It's a beautiful country. Driving is interesting. Have you driven there before? Here's what to expect; more roundabouts than you can even begin to imagine, narrow roads like you've probably never seen, driving on the right side of the car, driving a manual trans (automatics are ev...
by 260chrisb
Sat Jan 19, 2019 10:26 am
Forum: Investing - Theory, News & General
Topic: Tell me your HSA strategy/advice
Replies: 52
Views: 5290

Re: Tell me your HSA strategy/advice

I'm just a couple years into mine, plan to fully fund it for as long as I can before I retire (hopefully in 3 years), have no investment options, have used a few hundred dollars from it for medical bills this year, and simply consider it part of my cash holdings. It will always be an insignificant p...
by 260chrisb
Sat Jan 12, 2019 10:25 am
Forum: Personal Consumer Issues
Topic: Brake fluid replacement?
Replies: 69
Views: 4118

Re: Brake fluid replacement?

In general brake fluid lasts a long time under normal conditions. I too have experienced the thrill of boiled brake fluid on a track due to excessive heat. Normal conditions will never cause this to happen. A good rule of thumb is every 4-5 years. Brake fluid can be tested for moisture but frankly a...
by 260chrisb
Wed Jan 09, 2019 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: First-time homebuying
Replies: 17
Views: 1230

Re: First-time homebuying

I've never used a "rent versus buy" calculator to buy a home (only bought one!) so I'm not sure how this suddenly influences the decision but having less than 20% down throws up a red flag (and gives the mortgage company more money) as does your lack of a fully funded emergency fund thereafter. Usin...