Search found 171 matches

by Bud
Fri Jan 22, 2021 7:02 pm
Forum: Personal Consumer Issues
Topic: Best State and National Parks in the Southeast
Replies: 54
Views: 3836

Re: Best State and National Parks in the Southeast

Red River Gorge, KY.

There are 160 natural arches in KY - absolutely beautiful and Red River Gorge has a large number of arches
by Bud
Fri Nov 20, 2020 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage or not
Replies: 70
Views: 7116

Re: Pay off mortgage or not

Most interested is paid on the front end of the loan. If you pay off half of the loan amount, you will significantly reduce the amount of interest you pay annually while still maintaining a cash cushion. Then, if you want, you can pay down more monthly or annually or intermittently. You can check va...
by Bud
Sun Oct 25, 2020 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Paying cash for rental house vs. keeping cash on hand for future primary residence?
Replies: 2
Views: 262

Re: Paying cash for rental house vs. keeping cash on hand for future primary residence?

Pay cash for the rental.

The cost of borrowing money is less for a primary residence (lower interest rates on loans for primary residences).
by Bud
Fri Sep 25, 2020 5:17 am
Forum: Personal Consumer Issues
Topic: Buying a house in a city with historically declining housing prices?
Replies: 17
Views: 1915

Re: Buying a house in a city with historically declining housing prices?

One option and one recommendation... Rent for a year before deciding where to buy. This will give you time to understand the CLE market from within and see where makes sense. There Make sure whatever house you buy is one of the less expensive homes in your neighborhood. Buying a lower cost home in t...
by Bud
Fri Jul 31, 2020 5:49 am
Forum: Personal Consumer Issues
Topic: How long to keep a car
Replies: 110
Views: 9105

Re: How long to keep a car

Depends on the purpose of the vehicle. 1999 Suburban - For Dad and when the family all goes places together 2012 Dodge Journey - for the children drivers 2015 Ford Escape - for the spouse two parent family, four children, two of whom drive We will add another driver in a couple of months and probabl...
by Bud
Fri Jul 10, 2020 2:56 pm
Forum: Investing - Theory, News & General
Topic: Future value of REIT's
Replies: 21
Views: 1669

Re: Future value of REIT's

Having owned Vanguard REIT fund for 20 years, there are ups and downs. But the trend is upward, in spite of the collapse of 2008-2009, malls closing, and all kinds of doom and gloom. My return has been just shy of 10% annualized which is nothing to sneeze at. REITs will continue to be a key part of ...
by Bud
Thu May 28, 2020 9:28 pm
Forum: Personal Investments
Topic: If not 3 fund, whats your strategy ?
Replies: 66
Views: 4619

Re: If not 3 fund, whats your strategy ?

I am a little surprised no one to this point has mentioned low correlation as a factor in their fund choices. My funds are all Vanguard funds: Equity-Income (this fund is a proxy for Intermediate Term Bond Index Mid Cap Index REIT Index Prime Money Market I have held these funds for at least 18 year...
by Bud
Tue May 19, 2020 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage - 15 year versus 30 year if both at same interest rate
Replies: 26
Views: 3782

Re: Mortgage - 15 year versus 30 year if both at same interest rate

Jeez and with a 800 credit score, for a loan of 165k I cant find anything below 3.5 on a refi.. Shop around and keep looking. Recently sold a house and the buyer got a 30 year 2.75% loan. A quick look online search showed 2.5% rate quotes for 15 year refinance on my personal property and 3.0% quote...
by Bud
Thu May 14, 2020 7:45 am
Forum: Personal Investments
Topic: Selling rental property - Has any used an iBuyer or Virtual Agent?
Replies: 24
Views: 1285

Re: Selling rental property - Has any used a Virtual Agent?

Do a FSBO (for sale by owner) Having purchased and sold homes with no real estate agents involved, I recommend this route. Lawyers rates vary, but the price I paid for a contract written and reviewed by a lawyer plus having the lawyer at the closing saved me thousands of dollars on the selling and p...
by Bud
Mon Apr 27, 2020 7:50 am
Forum: Personal Investments
Topic: Should I sell rental as planned or change course due to corona ?
Replies: 7
Views: 592

Re: Should I sell rental as planned or change course due to corona ?

I faced a similar situation. In the winter, I decided to sell a rental for several reasons in the spring. Corona hit and which made me question the decision. After talking it over with some friends, I decided to put it for sale and am completely satisfied. Just curious, what city in Florida is your ...
by Bud
Wed Apr 01, 2020 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Housing Market Response in this environment?
Replies: 57
Views: 7659

Re: Housing Market Response in this environment?

This is fascinating. Is this a property that is rented and being purchased as a rental? Was it shown or was it purchased based only on photos/videos? Pretty sure that they are not allowed to show properties around me as part of the stay at home order. The buyer is familiar with the house, already o...
by Bud
Wed Apr 01, 2020 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Housing Market Response in this environment?
Replies: 57
Views: 7659

Re: Housing Market Response in this environment?

I put a house on the market today - it took about 1 hour to get an offer at full asking price. Housing is market specific and real estate markets are less efficient than stock markets. If you are buying or selling, pay attention to what is going on in your market. Location, school district, and many...
by Bud
Tue Mar 24, 2020 11:23 am
Forum: Personal Finance (Not Investing)
Topic: What credit card are you using that is not Citi 2% cashback?
Replies: 57
Views: 9674

Re: What credit card are you using that is not Citi 2% cashback?

Amazon Prime for 5% on Amazon purchase

Lowe's for 5% at Lowe's

Thinking of adding Kroger card because we spend so much at Kroger (family of 6). Anyone with the Kroger MasterCard here?
by Bud
Fri Sep 06, 2019 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Can it get better than 15 year fixed mortgage at 3%?
Replies: 44
Views: 3858

Re: Can it get better than 15 year fixed mortgage at 3%?

Just checked Aimloan today... quotes down to 2.5% for a 15 yr loan. My current rate is 3.375. Closing costs rise for lower interest rate loans, but they are worth if you plan to stay put for a few years.
by Bud
Wed Aug 28, 2019 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO auto rates vs. USAA: too good to be true?
Replies: 210
Views: 57017

Re: GEICO auto rates vs. USAA: too good to be true?

Used GEICO for several years ... then I got a quote from Kentucky Farm Bureau which was way lower. Now I have car and hone owners thru KFB and save a couple thousand/ yr.

When I checked recently, GEICO was close and other companies were not competitively priced.
by Bud
Tue Jul 16, 2019 9:20 am
Forum: Personal Investments
Topic: Bond question: VBTLX vs VBILX
Replies: 20
Views: 5028

Re: Bond question: VBTLX vs VBILX

As mentioned above, VBILX consistently outperforms VBTLX because of the slightly longer duration. It varies, but it is about 7 yrs vs 5 yrs. VBTLX also has a greater variety of bonds. Practically speaking, no bond mutual fund holder knows what types of bonds they hold in their mutual fund, for the m...
by Bud
Wed Jul 10, 2019 9:47 pm
Forum: Personal Consumer Issues
Topic: Automatic Watches
Replies: 92
Views: 7704

Re: Automatic Watches

I received a Citizen Ecodrive Atomic Watch as a gift. Found out it was bought on sale for $220. Once it is set, it will always keep the correct time. It stopped once because it was in a dark drawer out of sunlight but I put it in the sun for about 3 hours and it reset itself to the correct time. It ...
by Bud
Fri Jun 28, 2019 6:53 am
Forum: Personal Investments
Topic: Sold one of two houses. Pay off the other house?
Replies: 18
Views: 1772

Re: Sold one of two houses. Pay off the other house?

Pay off the loan...

The reason for this is that you are posting for your relative which probably means they don't know much about investing although I could be wrong. The safe bet is to pay of the loan.

All the best...
by Bud
Mon Jun 03, 2019 7:50 pm
Forum: Personal Investments
Topic: What percent of your assets do you have in investment property (excluding your personal residence)?
Replies: 73
Views: 3942

Re: What percent of your assets do you have in investment property (excluding your personal residence)?

35-40%.

Direct ownership of real estate can provide high returns when done correctly, but it isn't for every one.
by Bud
Mon May 27, 2019 2:12 pm
Forum: Personal Consumer Issues
Topic: tankless water heater?
Replies: 37
Views: 4314

Re: tankless water heater?

Installed tankless in two on my homes - they work great! Mine are electric and they seem to reduce the electric bill so far. Make sure your electrical panel can handle them. Also you may want to install a water filter in line to help preserve the tankless heater if you have lots of sentiment or mine...
by Bud
Fri May 24, 2019 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Is it worth refinancing?
Replies: 16
Views: 1662

Re: Is it worth refinancing?

I spent quite a bit of time checking into refinancing over the last year. Here is what I found out. For the borrower, the best solution is to add to your current payments to pay down your loan as quickly as possible. Virtually every scenario I ran showed this as the best solution for reducing debt. ...
by Bud
Thu May 23, 2019 8:34 am
Forum: Personal Investments
Topic: Vanguard Tax Exempt MM vs Intermediate vs HY vs Mortgage Payoff
Replies: 16
Views: 1305

Re: Vanguard Tax Exempt MM vs Intermediate vs HY vs Mortgage Payoff

Yes, that is one way to consider it. Like most things, there are various ways to consider the benefits and drawbacks. For mortgage payoff evaluation, I like to think concretely. "Would I borrow X (The payoff amount of your mortgage) at 2.75% today to invest in my MM account?" Make your adj...
by Bud
Thu May 23, 2019 4:32 am
Forum: Personal Investments
Topic: Want to add REITs to portfolio… but how much and which funds?
Replies: 16
Views: 3653

Re: Want to add REITs to portfolio… but how much and which funds?

Long time listener, first time caller. I would like to add REITs to our retirement portfolio and I would appreciate your advice on: - What % should I add in? - What should my new AA be? (currently I’m at 80/20 stock/bond — details below) - Which Vanguard REIT fund(s) do you recommend? The reason I'...
by Bud
Wed May 15, 2019 8:12 pm
Forum: Investing - Theory, News & General
Topic: Invest or Payoff Home
Replies: 38
Views: 3165

Re: Invest or Payoff Home

yep, pay off the mortgage or at least pay half of it. I just had a 5% mortgage I paid off and now I wonder why I waited so long. I pulled my money from my Intermediate Bond Index Fund which was yielding 2.89%.
by Bud
Tue May 14, 2019 10:07 am
Forum: Personal Finance (Not Investing)
Topic: I really do not like using credit cards. Do any of you have a good credit score with no credit cards?
Replies: 247
Views: 8175

Re: I really do not like using credit cards. Do any of you have a good credit score with no credit cards?

for the first 40 years of life I had no credit card, then for the next 10 years I had one credit card.... only in the last five years have I had multiple cards and my credit was always fine. If you don't use credit, you don't need a credit card :). Some would consider the concerns associated with ha...
by Bud
Mon May 13, 2019 4:22 am
Forum: Investing - Theory, News & General
Topic: Reversion to the Mean Is Dead?
Replies: 63
Views: 7850

Re: Reversion to the Mean Is Dead?

John Bogle "Reversion to the mean is the iron rule of financial markets". Here are some articles to help understand why he thought this was an important concept for investing, even for those doing index investing. https://vanguard.com/bogle_site/lib/sp19980129.html https://vanguard.com/bog...
by Bud
Fri May 10, 2019 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Vacant Lake Lot. Sell or Hold?
Replies: 54
Views: 3419

Re: Vacant Lake Lot. Sell or Hold?

another perspective from the sunk cost viewpoint - knowing what you know now, would you but that property for $85k in your current situation? If the answer is no, then sell. If the answer is yes, continue to hold.
by Bud
Fri May 10, 2019 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Rental Bidding War
Replies: 20
Views: 2931

Re: Rental Bidding War

As a landlord, make your application stand out. The best financial ways are to offer to pay in advance or demonstrate that you have long term security in a well paying job. A good non-financial way to make your application stand out - if you are involved in volunteer work for non-profits or serve on...
by Bud
Sun Apr 28, 2019 8:42 pm
Forum: Personal Investments
Topic: pay down mortgage vs. invest in taxable?
Replies: 30
Views: 3771

Re: pay down mortgage vs. invest in taxable?

Tomorrow I will pay off a remaining $73k mortgage. My interest rate is 5% and so the decision was easier. One way to think about the question of paying off a mortgage is to ask yourself if you would borrow money at x% to invest in the market. Home or investment property loans are also a different ty...
by Bud
Thu Jan 10, 2019 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Under $100k Avg Annual Income Millionaires and How You Did It?
Replies: 117
Views: 15510

Re: Under $100k Avg Annual Income Millionaires and How You Did It?

Not much to add, but my story is... Income mostly in the 60's-70's, three decades working in the non-profit sector, four kids, one wife :). No debt except mortgage - no school loans, no car loans Figure what you need first, then add what you want simplicity pays dividends Frugal - why buy name brand...
by Bud
Mon Jul 23, 2018 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Turned down for credit card
Replies: 35
Views: 3091

Re: Turned down for credit card

https://www.creditcards.com/no-credit/ Do a google search for 'credit cards for no credit history' or other similar searches. I recently moved to the States after living overseas for many years and faced a similar situation. shop around but you probably won't need to move you account if you are happ...
by Bud
Wed May 09, 2018 4:39 am
Forum: Personal Finance (Not Investing)
Topic: Best cash-back credit card right now?
Replies: 184
Views: 36800

Re: Best cash-back credit card right now?

for cards that offer 3% on groceries for spending up to $6000 and then 1% rebates after be aware that if you spend more than $12,000 annually for groceries, a flat 2% card will provide a better rebate so some families will benefit from the flat 2% rebate of Citi MC because of that fact. Simplicity h...
by Bud
Mon Apr 23, 2018 4:24 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage payment frequency - Monthly vs. Weekly
Replies: 15
Views: 2924

Re: Mortgage payment frequency - Monthly vs. Weekly

I am not sure what other lending companies do, but when I make an electronic transfer of funds to my mortgage company, it is applied immediately to pay down the principle of the loan. Maybe this is because I am ahead on my monthly payments. In my situation, I can make an epayment of $10 or $1000 and...
by Bud
Sun Apr 15, 2018 4:17 pm
Forum: Investing - Theory, News & General
Topic: The World in 2050 — GDP & Stock Market Capitalization
Replies: 75
Views: 12157

Re: The World in 2050 — GDP & Stock Market Capitalization

USA GDP Real Growth (inflation adjusted) - DJIA 1930 $ 0.967 trillion - 244.2 1950 $ 2.184 trillion - 200.52 1970 $ 4.722 trillion - 800.20 1990 $ 8.955 trillion - 2810.15 2010 $14.784 trillion - 10428.05 2017 $17.096 trillion - 24719.22 The US market has tracked GDP but very irregularly. The DJIA h...
by Bud
Tue Apr 10, 2018 8:33 pm
Forum: Personal Investments
Topic: Is it a good time to invest in Vanguard Intermediate-Term Bond fund?
Replies: 18
Views: 4327

Re: Is it a good time to invest in Vanguard Intermediate-Term Bond fund?

There is no bad time to invest in this fund - And I think you mean the Intermediate Term Bond Index.
by Bud
Sat Apr 07, 2018 5:55 am
Forum: Investing - Theory, News & General
Topic: Corruption vs. Country Stock Returns, 1997-2016
Replies: 17
Views: 2229

Re: Corruption vs. Country Stock Returns, 1997-2016

This is what Transparency International measured to achieve their data and determine 'corruption'. "The CPI draws upon 13 data sources which capture the assessment of experts and business executives on a number of corrupt behaviours in the public sector, including:  Bribery  Diversion of publ...
by Bud
Thu Mar 22, 2018 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Paying Points on Purchase Mortgage - Worth It?
Replies: 28
Views: 4654

Re: Paying Points on Purchase Mortgage - Worth It?

Often paying points for lower interest rates isn't worth it, especially if as a good boglehead, you decide to prepay your mortgage :). I just had this option earlier this month and decided to forego it. To benefit from the 69 months that you mention, you also assume (make a $8800 bet) that interest ...
by Bud
Tue Mar 20, 2018 8:59 pm
Forum: Personal Investments
Topic: Impending market correction
Replies: 28
Views: 2461

Re: Impending market correction

Corrections are a great opportunity to buy low...
by Bud
Sat Mar 03, 2018 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: how many mortgage application?
Replies: 7
Views: 968

Re: how many mortgage application?

if it's your first time, don't be intimidated. Shop for a mortgage like you shop for anything. Really there is no 'service' aspect of a mortgage so just find the best price and go with it. I called three or four and gave then basic info so I wouldn't need to fill out all the paper work just to get a...
by Bud
Wed Feb 21, 2018 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Rental income from overseas
Replies: 3
Views: 453

Re: Rental income from overseas

Taxes are country specific. You may need to claim the income in the country which it originates or you may have the option of deciding which country you claim it. Does the USA have a reciprocal tax agreement with the originating country? If the laws require you to file a tax return in that country, ...
by Bud
Tue Feb 13, 2018 5:49 am
Forum: Personal Finance (Not Investing)
Topic: Selling a rental property
Replies: 15
Views: 1510

Re: Selling a rental property

If you have a good closing attorney and get an accurate price, you're pretty well protected IMO. This is my experience. In the situation that you describe, there is little value that a realtor would add (which is mostly to connect buyers and sellers). It takes a bit more work on your end, but on a ...
by Bud
Wed Feb 07, 2018 11:27 am
Forum: Personal Consumer Issues
Topic: Jogging in the cold.
Replies: 50
Views: 4893

Re: Jogging in the cold.

I actually enjoyed the cold and jogged in weather that was down to -10 F. It just depends on layers and pace. I would rather go out in zero degree weather than 40 F and rain :(
by Bud
Wed Jan 31, 2018 11:25 am
Forum: Investing - Theory, News & General
Topic: looking for positive experiences transferring to Vanguard
Replies: 39
Views: 3996

Re: looking for positive experiences transferring to Vanguard

i have done several transfers through the years and will initiate another in a few weeks - never had any issues.
by Bud
Sun Jan 28, 2018 3:57 pm
Forum: Personal Investments
Topic: Does anyone not rebalance?
Replies: 66
Views: 7556

Re: Does anyone not rebalance?

I rebalance with new money. Right now some of my categories are outside of the band but then nothing says you have to rebalance annually. While no one can predict the future, a 15-20% correction sometime this year would not surprise me. Also if you are concerned the market is too high, you can use i...
by Bud
Tue Jan 23, 2018 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Thinking through Paying Down the Mortgage
Replies: 58
Views: 5761

Re: Thinking through Paying Down the Mortgage

The decision to pay down the mortgage can be viewed as diversification rather than comparing expected rates of return. When thought about this way, extra income could be used to pay down the mortgage to increase diversification. However a 2.75% mortgage is a great deal - at the end of the day the &q...
by Bud
Thu Jan 18, 2018 7:52 pm
Forum: Investing - Theory, News & General
Topic: Year
Replies: 40
Views: 7905

Re: Year 2000 retirees using the '8% rule' - Where are they now?

I recently showed my wife our portfolio and explained to her that if anything happens to me, she can withdrawal 4% per year and the money should last forever. Her response? "Well, that's a pretty good amount of money!" a piece of advice - Keep a simple portfolio and make sure your spouse u...
by Bud
Sat Jan 06, 2018 5:34 am
Forum: Personal Investments
Topic: This is clearest picture of why diversifying is priority!
Replies: 29
Views: 7117

Re: This is clearest picture of why diversifying is priority!

John Bogle talked about reversion to the mean (RTM) in some of his speeches. If you accept this theory for an asset class, then diversification makes sense and is something that can be utilized for greater returns. This works best for people who regularly invest and would work by allocating more new...