Search found 376 matches

by HopeToGolf
Sat Feb 13, 2021 8:53 pm
Forum: Personal Consumer Issues
Topic: Can I buy a new tesla?
Replies: 116
Views: 7058

Re: Can I buy a new tesla?

Probably not a great idea but you can afford it. Have you driven a Model S? If you plan to use the van for the family do you need the size of the Model S? Personally, I am not a huge fan of the S (although it was and the new one will likely be an amazing car). If you have a need for speed, save the ...
by HopeToGolf
Fri Jan 29, 2021 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Car Spending Advice
Replies: 104
Views: 6877

Re: Car Spending Advice

You can afford it. Howeva....consider a Tesla Model Y instead.
by HopeToGolf
Sun Jan 17, 2021 8:29 pm
Forum: Personal Investments
Topic: Fighting Fomo
Replies: 92
Views: 9585

Re: Fighting Fomo

I’m a fan of the play money concept. That said, I do not view it as part of my portfolio. A few points: 1) I put part of my play money into indices. Just can’t help myself. :oops: 2) If you find a winner, when do you sell? 3) What are you really going to buy. Whatever drew you to BH will make 1-3 no...
by HopeToGolf
Sun Jan 10, 2021 9:22 am
Forum: Investing - Theory, News & General
Topic: Do you have FOMO (Bitcoin, TSLA, whatever?)
Replies: 201
Views: 12715

Re: Do you have FOMO (Bitcoin, TSLA, whatever?)

The real question is when to sell. Someone that has Boglehead tendencies will likely not allow the gamble to get to the stage where others have FOMO. The gains will likely be poured into an index.
by HopeToGolf
Sun Jan 03, 2021 9:15 pm
Forum: Personal Investments
Topic: How good is a 529?
Replies: 27
Views: 2095

Re: How good is a 529?

Our 529 is about 50% earnings and 50% contributions. One thing that recently surprised me was if we paid capital gains on the earnings (i.e. saved in taxable), the taxes would be ~7% of the balance. The dollar amount is not much to get excited about. The account will not be used for a few more years...
by HopeToGolf
Sat Jan 02, 2021 1:22 pm
Forum: Personal Investments
Topic: Building Legacy for Kids
Replies: 28
Views: 1368

Re: Building Legacy for Kids

I never worried about a legacy for kids. It will just happen in the normal course of life. Really. So what works: Invest to the maximum legal contributions possible in your tax-advantaged accounts. Don't worry about 529 plans except to pay for some of college. Perhaps help your children grow up to ...
by HopeToGolf
Sat Jan 02, 2021 1:08 pm
Forum: Personal Investments
Topic: How do you calculate savings rate and what is your annual goal?
Replies: 39
Views: 2007

Re: How do you calculate savings rate and what is your annual goal?

I found calculating a rate which was intended to compare to some sort of guidance too complex; before or after tax, including company match, for retirement only or retirement and large expenditures, etc. Instead I focus on an annual retirement savings goal with the following key assumptions: Target ...
by HopeToGolf
Thu Dec 31, 2020 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: What did you spend in 2020?
Replies: 204
Views: 12806

Re: What did you spend in 2020?

VHCOL area with two incomes. Roughly $225K.....high level estimate and normalish run rate. Excludes, taxes, savings, a TON of odd expenses for a unique situation this year, and charitable contributions. Includes private high school costs which should not last in perpetuity. Thank you OP for the thre...
by HopeToGolf
Thu Dec 31, 2020 7:41 pm
Forum: Investing - Theory, News & General
Topic: "Expect Trouble"
Replies: 34
Views: 5486

Re: "Expect Trouble"

Thank you Taylor. Great advice. As the wife and I discussed our annual savings goals and the fact that we’ve exceeded them, I reminded her that part of the thought process is that we may not have the ability every year to hit the goals so when we can exceed them, comfortably, without impacting the f...
by HopeToGolf
Thu Dec 31, 2020 1:39 pm
Forum: Investing - Theory, News & General
Topic: The Case Against 529's
Replies: 219
Views: 12459

Re: The Case Against 529's

Assett allocation is suppose to be based on time frame of when you actually need the money. I assumed people were on the same page as this is a very basic tenet of investing, but I suppose people are all over the place with this. And like you said, you are gambling...if you win, you can later call ...
by HopeToGolf
Thu Dec 31, 2020 1:36 pm
Forum: Investing - Theory, News & General
Topic: The Case Against 529's
Replies: 219
Views: 12459

Re: The Case Against 529's

I have no budgetting for my kids expenses. My money is going to grow astronomically over 30+ years because I am 100% stocks. At retirement, I will probably go 50-50 or 60-40 stocks to bonds. I will pay for my kids expenses when they go to college through my own salary. Lets say I didnt have a high ...
by HopeToGolf
Thu Dec 31, 2020 1:24 pm
Forum: Investing - Theory, News & General
Topic: The Case Against 529's
Replies: 219
Views: 12459

Re: The Case Against 529's

To everyone replying "This has nothing to do with the difference between 529's and taxable, this is just assett allocation difference" - Several replies like this already. This is exactly my point. Your assett allocation must be different because of different time frames and the need to p...
by HopeToGolf
Tue Dec 29, 2020 8:52 pm
Forum: Personal Consumer Issues
Topic: My fresh Christmas tree still taking water and still fresh...
Replies: 15
Views: 1258

Re: My fresh Christmas tree still taking water and still fresh...

Went artificial this year for the first time in almost 20 years. Will NEVER buy another “fresh” tree. When paired with a candle that smells of pine/fir/whatever this suffices. We cannot believe it took us this long to convert. The only downside is we miss the tradition of going to the farm, picking ...
by HopeToGolf
Sun Dec 27, 2020 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Raising Kids in a FI Family
Replies: 53
Views: 4346

Re: Raising Kids in a FI Family

While we are still raising the offspring, we have our fingers crossed that we are doing the right things. To date we’ve seen good behaviors and here are a few things we’ve done: Model good actions so the kids see what good looks like. We talk about giving and charity at the dinner table. The offspri...
by HopeToGolf
Fri Dec 25, 2020 3:43 pm
Forum: Investing - Theory, News & General
Topic: Using cFiresim
Replies: 16
Views: 2607

Re: Using cFiresim

Anyone using cFiresim? It has been updated recently. The interface looks nicer and the results are similar to those generated before the update. If anyone used it as a tool before actually retiring or during retirement, it would be great to hear any feedback you have on its output vs. more sophistic...
by HopeToGolf
Fri Dec 25, 2020 1:19 pm
Forum: Personal Investments
Topic: Lost desire to increase my portfolio, temporary?
Replies: 129
Views: 10591

Re: Lost desire to increase my portfolio, temporary?

2020 is a weird year. So much badness, and yet the market is up. And like way up. If you survived March feeling like this and could physically and emotionally can tolerate that swing over and over going forward, then sure you’re probably ok not growing the portfolio at this time. Perhaps you’ve hit...
by HopeToGolf
Fri Dec 25, 2020 3:06 am
Forum: Personal Consumer Issues
Topic: What exactly are YOU doing in retirement?
Replies: 93
Views: 8752

Re: What exactly are YOU doing in retirement?

Thank you everyone. It has been fun to read about the great stuff you all are doing. I have always contemplated early retirement and between some negative twists in life (which make my work hardly seem worth the time and had me refocus on the important things, family and friends), the market and inv...
by HopeToGolf
Thu Dec 24, 2020 10:23 am
Forum: Personal Investments
Topic: Intelligent, Powerful, and Stress-Relieving Ways to Save for Child's College?
Replies: 27
Views: 1674

Re: Intelligent, Powerful, and Stress-Relieving Ways to Save for Child's College?

Livesoft-

You said...” 0% tax rate on long-term capital gains and qualified dividend income that many people do not know about.” Did you mean as a result of tax loss harvesting or is there some other way to pay 0% tax on capital gains? Thanks.
by HopeToGolf
Thu Dec 24, 2020 10:22 am
Forum: Personal Investments
Topic: Intelligent, Powerful, and Stress-Relieving Ways to Save for Child's College?
Replies: 27
Views: 1674

Re: Intelligent, Powerful, and Stress-Relieving Ways to Save for Child's College?

Liz24- Congratulations! All the advice you need is in this thread above. A few other related thoughts: 1) give thought to how much of your child’s education you want to fund and then use the models available to back into the monthly savings you need to get there (after you account for your $42k lump...
by HopeToGolf
Wed Dec 23, 2020 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Running out of cash
Replies: 132
Views: 11459

Re: Running out of cash

OP - just wanted to say congratulations! It seems like you have it all figured out, financially. There are many who make significantly more than you but live much more stressful, less happy, and less financially solid lives than you. You are clearly betting on home price stability/increases and your...
by HopeToGolf
Tue Dec 22, 2020 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: College savings for older parents
Replies: 17
Views: 1184

Re: College savings for older parents

Others with actual experience can chime in but while income counts pretty significantly in the financial aid formula, parents’ non-retirement and non-primary home assets count roughly 5%-6% against them. I suspect that means that many Bogleheads in retirement will have to pay full freight, regardles...
by HopeToGolf
Sat Dec 19, 2020 6:54 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin @ 23K, why am I anti-Bitcoin?
Replies: 404
Views: 20148

Re: Bitcoin @ 23K, why am I anti-Bitcoin?

Bitcoin hit 23K, remind me again why I’m anti-Bitcoin? Background: I find Bitcoin and other crypto currencies to be pure speculation (digital gold), a way to hedge inflation (rapid stimulus money devaluing US dollar), and no income/dividend stream..Am I missing something? I need a wake-up call/cold...
by HopeToGolf
Sat Dec 19, 2020 3:37 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin @ 23K, why am I anti-Bitcoin?
Replies: 404
Views: 20148

Re: Bitcoin @ 23K, why am I anti-Bitcoin?

Bitcoin hit 23K, remind me again why I’m anti-Bitcoin? Background: I find Bitcoin and other crypto currencies to be pure speculation (digital gold), a way to hedge inflation (rapid stimulus money devaluing US dollar), and no income/dividend stream..Am I missing something? I need a wake-up call/cold...
by HopeToGolf
Sat Dec 19, 2020 11:48 am
Forum: Personal Finance (Not Investing)
Topic: College-Age Kids getting student loans when parent income too high
Replies: 133
Views: 7944

Re: College-Age Kids getting student loans when parent income too high

If a teen needs to have “skin in the game” to either motivate himself to do well or to value/appreciate the benefit(s) of going to a more expensive school, that child is not capable of any of that to begin with. With my offspring in high school who knows where mine will be when college beckons, but ...
by HopeToGolf
Thu Dec 17, 2020 9:17 am
Forum: Personal Consumer Issues
Topic: Tips to stick to a weight loss diet?
Replies: 282
Views: 18803

Re: Tips to stick to a weight loss diet?

At one point I lost 70+ pounds and have kept most of it off for about 10 years with a 0-15 pound fluctuation from the lowest weight for the last 5 years or so. The last year or so I’ve been within 5-10 pounds of the lowest weight. At a high-level, I 1) lowered my carb intake using the South Beach Di...
by HopeToGolf
Sat Dec 12, 2020 10:33 pm
Forum: Personal Consumer Issues
Topic: Antivirus/security protection for my Mac
Replies: 11
Views: 850

Re: Antivirus/security protection for my Mac

You are living on borrowed time. Not because of viruses, but because your Mac is 8 years old. You need to investigate/try out alternatives to Adobe software if you don’t want to go the subscription route. Look at Pixelmator Pro Look at Affinity Designer This. I have not been paying attention to the...
by HopeToGolf
Sat Dec 12, 2020 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Regrets: What's One Investment You Wish You Bought More Of?
Replies: 60
Views: 4340

Re: Regrets: What's One Investment You Wish You Bought More Of?

TSLA for sure, I owned it and sold it around $300 pre-split. Didn't make much off of it. But that said, I never like questions like this because when it comes to lottery ticket stocks, I'd never be willing to invest enough in any one of them, such that it would make a material difference in my reti...
by HopeToGolf
Sat Dec 12, 2020 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Regrets: What's One Investment You Wish You Bought More Of?
Replies: 60
Views: 4340

Re: Regrets: What's One Investment You Wish You Bought More Of?

Bitcoin and Tesla I bought a small amount of both with “play money.” Since I knew I was gambling, I did not feel comfortable betting more. Both are winners but not enough to allow me to retire or buy a luxurious mountain or beach house in a desirable location. Weekly I think about when to take some ...
by HopeToGolf
Sat Dec 12, 2020 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Regrets: What's One Investment You Wish You Bought More Of?
Replies: 60
Views: 4340

Re: Regrets: What's One Investment You Wish You Bought More Of?

About 1999, I was at the general aviation airport at Louisville Kentucky. LOU. As I prepared to leave, the manager asked if I had ever seen a Beechcraft Starship. They are very unusual and advanced, so we stayed to see it. The CEO of YUM arrived, came in the office, and asked to use the manager's p...
by HopeToGolf
Fri Dec 04, 2020 8:10 pm
Forum: Investing - Theory, News & General
Topic: What are your crypto holdings!
Replies: 145
Views: 8276

Re: What are your crypto holdings!

Bitcoin Coinbase Not enough to allow me to retire I was placing a bet using a portion of my play money. Bitcoin seemed like an interesting concept but I could not and still do not quite understand it. Most importantly, I thought I could profit using the greater fool theory. I figured eventually some...
by HopeToGolf
Wed Oct 28, 2020 6:24 pm
Forum: Personal Investments
Topic: What’s “your number” for each kid’s 529?
Replies: 439
Views: 27745

Re: What’s “your number” for each kid’s 529?

I estimated the cost of 4 years at our state flagship school (which is on the more expensive side of public schools) and calculated the monthly contribution I would need to get there. This amount would also roughly cover 2 years of an expensive private school. With 3 years to go, we hit the goal. Ho...
by HopeToGolf
Fri Oct 02, 2020 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Pay Yourself Back
Replies: 46
Views: 6716

Re: Chase Sapphire Pay Yourself Back

I've redeemed 102,000 points using the PYB option since it was announced for ~$1,500 in cash back. I still have 250,000 points remaining, which I am inclined to hold onto since I expect there will be a time when we resume travel and I believe I'll be able to harvest them for more than 1.5 cents per...
by HopeToGolf
Sat Sep 26, 2020 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Wife Quitting High Earning Job?
Replies: 56
Views: 8438

Re: Wife Quitting High Earning Job?

1. Support the wife with her choice. 2. Request flexibility from her employer. Without going into detail, I needed this and the employer was on board. That said, I did not pare back on responsibilities and it was stressful. 3. Hire a new nanny. 2 & 3 assume that your wife wants to continue to wo...
by HopeToGolf
Sat Sep 19, 2020 9:33 am
Forum: Personal Investments
Topic: College Savings or “Other” Strategy
Replies: 16
Views: 1190

Re: College Savings or “Other” Strategy

Since you are in the 35% marginal income tax bracket and have huge assets, your children will not be getting any financial aid. 529 plans are designed exactly for wealthy people with your situation. Start using 529 plans for each of your children now. If your income stays high, then you will not be...
by HopeToGolf
Mon Sep 07, 2020 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Buying vs. Renting Principles
Replies: 233
Views: 19852

Re: Buying vs. Renting Principles

Good post. While it has likely been debated here before I like the refresher. I do not have much to add other than to say I am reading it with interest because we are debating this decision. We recently sold a home. We made some money on it but in no way was it a no brainer. We owned it for 16 years...
by HopeToGolf
Sun Sep 06, 2020 5:05 am
Forum: Personal Finance (Not Investing)
Topic: What is PenFed good at?
Replies: 77
Views: 5966

Re: What is PenFed good at?

They used to have good CD/certificate rates. I am in the process of withdrawing my money from there and will close the accounts once the final CD matures and the money is transferred.
by HopeToGolf
Sun Sep 06, 2020 4:34 am
Forum: Personal Finance (Not Investing)
Topic: How Much House Can We Afford in HCOL Area?
Replies: 300
Views: 20177

Re: How Much House Can We Afford in HCOL Area?

I don’t know if this has been brought up but instead of thinking about your RSUs as income, think of them as a windfall. If you really want to buy a $2 million home, save up enough in RSUs and put up a huge down payment. I did not follow all your numbers but cash out $1.5 million in RSUs (which migh...
by HopeToGolf
Sat Sep 05, 2020 8:49 am
Forum: Personal Consumer Issues
Topic: What expenditures improved your happiness/quality of life?
Replies: 234
Views: 42644

Re: What expenditures improved your happiness/quality of life?

The largest component of my quality of life is renting an apartment in a metropolitan area. 1. Renting means that I never have to think about repairs, maintenance, improvements, home emergencies, real estate values, or a possible need to move. 2. Living in a major metropolitan area means that I hav...
by HopeToGolf
Fri Aug 28, 2020 10:06 pm
Forum: Investing - Theory, News & General
Topic: Winklevoss: The Case for $500,000 Bitcoin
Replies: 349
Views: 24230

Re: Winklevoss: The Case for $500,000 Bitcoin

Serious question. Of the people in this thread who own bitcoin, how many of you have literally exchanged BTC 1.0 (or more) bitcoin for USD $10,000/BTC or more? That is, when you say bitcoin is "at" $11,000 or whatever, are you saying that because you personally have found someone willing ...
by HopeToGolf
Fri Aug 28, 2020 9:28 pm
Forum: Personal Consumer Issues
Topic: charging an EV
Replies: 250
Views: 15909

Re: charging an EV

For day to day use most EVs will work. For my use case, owning a Tesla has been easy and it will be difficult for me to consider another EV. I wanted my EV experience to be a no brainer. I never wanted to have range anxiety or to really have to think much about ensuring I had enough to power. The EV...
by HopeToGolf
Fri Aug 28, 2020 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: ‘Play money’ invested by Dad growing huge - what would you do?
Replies: 109
Views: 15903

Re: ‘Play money’ invested by Dad growing huge - what would you do?

If you can get your head around the idea, you should take a bit off the table and pay off part of the mortgage or place more into the 529s (if you plan to fully fund your offsprings’ education which may include private college). This may not be the best and value maximizing idea but I think it is a ...
by HopeToGolf
Wed Aug 26, 2020 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Finding balance in life: When do you let up off the gas?
Replies: 105
Views: 9964

Re: Finding balance in life: When do you let up off the gas?

You need to define your long term goals before you will feel comfortable letting up off the gas. My suggestion is to find a retirement calculator and use it to determine what your number is. As you approach that number you can begin to loosen the purse strings. Frankly, with your portfolio, your inc...
by HopeToGolf
Wed Aug 26, 2020 9:34 am
Forum: Personal Investments
Topic: [Tesla - good buy after stock split?]
Replies: 34
Views: 3467

Re: [Tesla - good buy after stock split?]

Using traditional valuation techniques and thinking, it probably is not a good buy. I think you missed the run unless you envision Apple or Amazon type dominance. Don’t forget that both those companies struggled at some point. That said, I put some of my “play” money into it a few years back and it ...
by HopeToGolf
Tue Aug 25, 2020 8:11 am
Forum: Personal Finance (Not Investing)
Topic: New Job Offer - $100,000 Raise - Would I Be a Fool to Not Accept?
Replies: 94
Views: 8161

Re: New Job Offer - $100,000 Raise - Would I Be a Fool to Not Accept?

It seems like you already made your decision which I think is the right one, take the new job. That said, one additional consideration is how hard would it be to find a another job at your current or higher compensation if the new job did not work out? Regardless of the answer, I think the risk is p...
by HopeToGolf
Sun Aug 23, 2020 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Housing decision
Replies: 20
Views: 2053

Re: Housing decision

The situation is multi-layered. That said, I have a friend who has lived in Brooklyn for many years. Generally, his children were educated privately including a very expensive middle/high school in Brooklyn. He makes very good money. FWIW, I make much less and moved to the suburbs with a great schoo...
by HopeToGolf
Sat Nov 16, 2019 8:06 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 192
Views: 16716

Re: Spend It All vs. Leave $$ for the Kids

We recently had an issue pop up for our offspring that has us questioning our ability to experience early retirement and concerned that we leave as large an inheritance as possible. While the story is still to be written, we experienced an unexpected negative turn of events that has us thinking ver...
by HopeToGolf
Sat Nov 16, 2019 7:27 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 192
Views: 16716

Re: Spend It All vs. Leave $$ for the Kids

One thing I haven’t really seen brought up yet: how inheritance could help adult children in weathering a financial storm. Major health care surprises, freak accidents, lawsuits. There are so many ways in which a bad bounce or two can have permanent negative impacts on one’s life. No matter the val...
by HopeToGolf
Tue Jul 16, 2019 8:47 am
Forum: Personal Finance (Not Investing)
Topic: College cost prediction and savings for 5, 3, and newborn
Replies: 102
Views: 6884

Re: College cost prediction and savings for 5, 3, and newborn

Any models you use today are unlikely to accurately predict what you will pay. The system is broken, in need of repair, and/or will evolve. Unless you are very wealthy and fund at a rate that outpaces current tuition and room and board at private colleges and grad schools I think you can use current...
by HopeToGolf
Tue Jan 01, 2019 7:28 am
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 930
Views: 84627

Re: Talk me out of buying a Tesla Model 3

Congrats investor997. The Model 3 is a great car. I am about 5 months and 7k miles into ownership. I am not sure what climate you are in but if you drive in cold weather, be ready for the reduced efficiency and range. I posted this in another forum..sample of 1..... Southern California here. I'm ho...
by HopeToGolf
Tue Jan 01, 2019 7:18 am
Forum: Personal Consumer Issues
Topic: Chase Sapphire Reserve
Replies: 85
Views: 12826

Re: Chase Sapphire Reserve

Great card. Not much new to add than another vote that the travel portal has been good for my reward flights. The fares were the same as Kayak/airlines and I got 1.5x value for the points.

So far I think it was a good choice for me vs. Amex Platinum.