Search found 1480 matches

by FelixTheCat
Wed Jan 16, 2019 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Question about co-signing mortgage beyond just mortgage liability
Replies: 13
Views: 793

Re: Question about co-signing mortgage beyond just mortgage liability

I second the relationship response. What happens if your sister stops paying the mortgage? Will Mom kick her daughter out and rent the house to a responsible tenant?
by FelixTheCat
Wed Jan 16, 2019 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Ever encountered a toxic advisor? How did you handle it?
Replies: 20
Views: 2199

Re: Ever encountered a toxic advisor? How did you handle it?

I've never had a financial advisor work out for me. They usually have their interests in mind instead of making the clients a priority.

I tell everyone, learn to invest. Only you have your best interests in mind.
by FelixTheCat
Wed Jan 16, 2019 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: 100% in VTSAX - Is it crazy???
Replies: 54
Views: 4427

Re: 100% in VTSAX - Is it crazy???

michaeljmroger wrote:
Wed Jan 16, 2019 10:11 am
What I find crazy is not to be 100% stocks with a 25-year horizon, it’s to be 0% international.
Why? Jack Bogle and Warren Buffett advocate domestic stocks only. Half of the S&P 500 income comes from international.
by FelixTheCat
Fri Dec 21, 2018 1:33 pm
Forum: Investing - Theory, News & General
Topic: Bear Market - Mindset Expectations
Replies: 61
Views: 6162

Re: Bear Market - Mindset Expectations

dreamjob9 wrote:
Thu Dec 20, 2018 10:26 pm
I am interested in how others emotionally stay the course during unfriendly times.
I emotionally stay the course because of my asset allocation. The bonds allow me to sleep well. The stocks allow me to live well. It took years of trial and error but my AA works well for me and my emotions.
by FelixTheCat
Sun Nov 11, 2018 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 222
Views: 29619

Re: [Financial] Habits of the Rich

Two simple rules for me.

Pay myself first. Maxed out my 401k. Contribute to taxable investments.

Live below my means. I never cared about the big houses my friends have nor the latest cars.
by FelixTheCat
Fri Oct 12, 2018 12:58 pm
Forum: Personal Consumer Issues
Topic: Tips for staying active / injury-free into older age
Replies: 162
Views: 14848

Re: Tips for staying active / injury-free into older age

I do CrossFit at 56. Coaches always tells us to have proper form in our workouts. One coach recommends flaxseed oil ever day for people over 40
by FelixTheCat
Fri Oct 12, 2018 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Just Divorced -- Need Help [looking for new credit card]
Replies: 73
Views: 7343

Re: Just Divorced -- Need Help

Do the Dave Ramsey credit card snowball plan.
by FelixTheCat
Fri Oct 12, 2018 11:20 am
Forum: Investing - Theory, News & General
Topic: Who worries about a bear market in stocks?
Replies: 71
Views: 5894

Re: Who worries about a bear market in stocks?

The only people that should worry are the ones who don’t plan and save.
by FelixTheCat
Thu Oct 11, 2018 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: What did you buy today
Replies: 111
Views: 8563

Re: What did you buy today

Carnitas mini tacos
by FelixTheCat
Wed Oct 10, 2018 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: When stocks and bonds drop at the same time, what do you do?
Replies: 40
Views: 4648

Re: When stock and bod drop at the same time, what do you do?

You can buy more stocks and their new discounted prices.
by FelixTheCat
Wed Oct 10, 2018 2:40 pm
Forum: Personal Consumer Issues
Topic: What the heck is growing in my yard?
Replies: 71
Views: 6043

Re: What the heck is growing in my yard?

It looks like the start of Invasion of the Body Snatchers.
by FelixTheCat
Wed Oct 10, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Uninsured/underinsured insurance?
Replies: 14
Views: 611

Re: Uninsured/underinsured insurance?

m@ver1ck wrote:
Wed Oct 10, 2018 7:59 am
In that case, what does having underinsured get me?
Your under insured / not insured coverage makes up the difference when the at-fault person has exceeded their policy limits.
by FelixTheCat
Mon Oct 08, 2018 2:43 pm
Forum: Investing - Theory, News & General
Topic: Fidelity 1.8% money market fund with unlimited checkwriting and free ATMs
Replies: 23
Views: 2333

Re: Fidelity 1.8% money market fund with unlimited checkwriting and free ATMs

I have Fidelity. The free ATM alone is worth it. I can go to any ATM and I don't have to pay a fee.
by FelixTheCat
Mon Oct 08, 2018 2:41 pm
Forum: Personal Consumer Issues
Topic: Geico umbrella us dropping me. What can I do?
Replies: 37
Views: 5683

Re: Geico umbrella us dropping me. What can I do?

I loved AAA. They wouldn't insure a rental property. I moved ALL of my policies. I found out AAA never cared.
by FelixTheCat
Mon Oct 08, 2018 2:40 pm
Forum: Personal Consumer Issues
Topic: Got my new Iphone Xs
Replies: 67
Views: 7211

Re: Got my new Iphone Xs

Am I the only one that doesn't want the new iPhone because of the notch at the top? Apple should copy Samsung...they figured out how to do the whole screen.
by FelixTheCat
Thu Feb 15, 2018 1:28 am
Forum: Investing - Help with Personal Investments
Topic: Just added Total Int'l Stock; add Total Int'l Bond too?
Replies: 25
Views: 2590

Re: Just added Total Int'l Stock; add Total Int'l Bond too?

Bogle and Buffett have said not to have international funds because US funds get a lot of revenue from overseas. I added international stock (per the wiki) to have diversification. I had a Vanguard review...they say add international bonds for the same reason as international stocks ... diversificat...
by FelixTheCat
Wed Nov 29, 2017 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: Liquidating Lending Club
Replies: 8
Views: 1520

Re: Liquidating Lending Club

I had a small account with LC. When the original CEO left (fraud I think), I sold my notes at a 5% loss just to recoup some cash.
by FelixTheCat
Wed Nov 29, 2017 5:12 pm
Forum: Personal Consumer Issues
Topic: Older Software Engineer Advice ~ Languages?
Replies: 41
Views: 4112

Older Software Engineer Advice ~ Languages?

I did years of C#, ASP.NET. I took a temp six month contract in PHP which turned into four years. Now my C#, ASP.NET is rusty. I'm in between jobs right now and wondering where to focus my studies. PHP is a small portion of jobs in my town. ASP.NET is approximately 80% I started focusing on ASP.NET ...
by FelixTheCat
Fri Nov 24, 2017 11:11 pm
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 199
Views: 31304

Re: Buying and Spending Bitcoin

I've had 4 people in the last week telling me Bitcoin was the Wave of the Future. I stated the Boglehead wiki and they said I don't understand. I told them it's like 2008 all over again and they told me to do some research. My favorite is "I don't understand what it is but I am handing my money over...
by FelixTheCat
Wed Nov 08, 2017 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 338
Views: 44606

Re: Did you tell anyone you paid off your mortgage?

Biggest mistake of my life. Told friend and he’s been telling me how to live my life since. I wish I said I was broke like everyone else.
by FelixTheCat
Mon Oct 09, 2017 11:55 am
Forum: Investing - Help with Personal Investments
Topic: Third time in my 32 year career I have been laid off
Replies: 87
Views: 12407

Re: Third time in my 32 year career I have been laid off

Someone else mentioned the point of something to retire TO vs. FROM, so you may prefer to find some employment rather than immediately retire. If you do, remember you don't have to work full time and you can "semi-retire". This is one of my issues. I would have to phase into retirement. My routine ...
by FelixTheCat
Sat Oct 07, 2017 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Third time in my 32 year career I have been laid off
Replies: 87
Views: 12407

Re: Third time in my 32 year career I have been laid off

I don't really know how to properly analyze real estate but that is bringing in $30K a year which is less that a 5% return before you pay property taxes, maintenance, and all the other costs that go with owning a rental. I would take a hard look at if keeping the rental really makes sense. If taxes...
by FelixTheCat
Sat Oct 07, 2017 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: Third time in my 32 year career I have been laid off
Replies: 87
Views: 12407

Re: Third time in my 32 year career I have been laid off

JW-Retired wrote:
Sat Oct 07, 2017 9:59 am
Question FelixTheCat: In the obvious typo above, did you mean $60,000 per year, or is it you meant $6000 per month? Everyone seems to be assuming it's the per year? Are they right?
Ooops. It is 60K a year.
by FelixTheCat
Fri Oct 06, 2017 9:21 pm
Forum: Investing - Help with Personal Investments
Topic: Third time in my 32 year career I have been laid off
Replies: 87
Views: 12407

Re: Third time in my 32 year career I have been laid off

student wrote:
Fri Oct 06, 2017 9:15 pm
I am sorry to hear that. I think you should be ok with your assets. I would be nervous having about 40% of net worth in two houses though.
I live in CA. Housing keeps going up. My rental just increased rent by 400 a month. Should I be concerned?
by FelixTheCat
Fri Oct 06, 2017 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: Third time in my 32 year career I have been laid off
Replies: 87
Views: 12407

Third time in my 32 year career I have been laid off

I heard about some company issues last week. I got called into the boss' office and he mentioned there is no revenue in the pipeline for the next year. Effective today I am laid off. My employer mentioned he wants to soften the transition by offering me a part-time consultant position and we'll talk...
by FelixTheCat
Fri Oct 06, 2017 5:03 pm
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 370
Views: 50854

Re: MoviePass-Too good to be true, but it's legit.

I stopped going to the movies because of the ticket prices. I usually rent movies on Amazon for $5-6.

I just signed up for the service. Thanks for the tip!
by FelixTheCat
Fri Oct 06, 2017 12:14 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2270
Views: 398083

Re: What are you up YTD? [Year To Date]

Up 9.22% YTD 41% Bonds 9% International 50% Domestic
by FelixTheCat
Thu Oct 05, 2017 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to convince my sister not to use a financial advisor
Replies: 59
Views: 6007

Re: Trying to convince my sister not to use a financial advisor

Maybe she may be comfortable with Vanguard's Personal Advisor Service for 30bps which is a lot less than the FA.
by FelixTheCat
Thu Sep 28, 2017 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: I am in the investment advice industry and I'm not sure if I provide any value
Replies: 67
Views: 8335

Re: I am in the investment advice industry and I'm not sure if I provide any value

A lot of people do not want to take the time to learn about finances. Be a Boglehead Financial Advisor. Teach your clients about the principals on this site. If they eventually want to learn about investing, tell them about BH and wish them well.
by FelixTheCat
Wed Sep 27, 2017 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Merchant Dispute/Chargeback, now sent to collection agency
Replies: 11
Views: 2550

Re: Merchant Dispute/Chargeback, now sent to collection agency

It sounds like you are going to small claims court. Write a demand letter indicating 1) What was agreed upon and 2) Services performed. Ask for a refund for the services not performed.
by FelixTheCat
Tue Sep 26, 2017 4:05 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 16211

Re: The Rolex and The Boglehead

I own a nice watch. It also monitors my fitness and heart rate. Love my Fitbit. :D
by FelixTheCat
Tue Sep 26, 2017 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: Help with bad 401(k) fund choices
Replies: 18
Views: 1634

Re: Help with bad 401(k) fund choices

goingup wrote:
Tue Sep 26, 2017 1:38 pm
You have a SP 500 fund with an ER of .11 and an employer match of 6%. You, my friend, have much to be thankful for.
Agreed.
by FelixTheCat
Tue Sep 26, 2017 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a Landlord: My Experiences
Replies: 136
Views: 29724

Re: Becoming a Landlord: My Experiences

beezquimby wrote:
Sun Sep 03, 2017 4:38 pm
And the reason anyone would want to do this is??

I'll stick to my two mouse button clicks to give mr Dow jones my money.
My mutual funds are funded by me versus my tenants are paying for my rental. In both cases I get to keep the profits.
by FelixTheCat
Thu Sep 21, 2017 4:03 pm
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 444
Views: 54708

Re: Name something you had to have and now you regret purchasing it?

bob60014 wrote:
Tue Sep 05, 2017 4:20 pm
Back in the day, a Pet Rock.
I think the marketing guy for the pet rock was a genius. Sold a rock in a box to lots of people.
by FelixTheCat
Thu Sep 21, 2017 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Would you get flood insurance?
Replies: 25
Views: 2193

Re: Would you get flood insurance?

My philosophy is simple. Have insurance that is appropriate to your area.

I live in California. I have earthquake insurance even though my house has never been affected by an earthquake.
by FelixTheCat
Thu Sep 21, 2017 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Warren Buffett and Bond Funds
Replies: 33
Views: 3676

Re: Warren Buffett and Bond Funds

Buffett advocates enough money in fixed income to survive market downturns so you don't withdraw from stocks. How many years of annual expenses do you need to survive a drought? My reasoning is a little more emotional. I don't handle market downturns well so my percentage of bonds allow me to sleep ...
by FelixTheCat
Tue Sep 19, 2017 1:44 pm
Forum: Investing - Theory, News & General
Topic: What am I missing, Bogle/Buffet investment philosophy
Replies: 19
Views: 2379

Re: What am I missing, Bogle/Buffet investment philosophy

People are going to argue the nuances between Bogle and Buffett. The both believe in low-cost index funds. The both believe in domestic only equity/bonds. Bogle prefers more in bonds [50/50 is his AA], specifically Vanguard Intermediate-Term Bond Index Fund Investor Shares (VBIIX). Buffett says only...
by FelixTheCat
Fri Sep 15, 2017 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: How long did it take for Equifax to email you a security sign up?
Replies: 69
Views: 7066

Re: How long did it take for Equifax to email you a security sign up?

Equifax says 143 million people were affected. The credit reporting agencies are being swamped.
by FelixTheCat
Fri Sep 15, 2017 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Advice Badly Needed---Meeting with Financial Advisor
Replies: 49
Views: 4949

Re: Advice Badly Needed---Meeting with Financial Advisor

Run as fast as you can! Run Forrest Run! Whole life? The fees will kill you. Educate yourself on finances. You have your best interest in mind. Start here https://www.bogleheads.org/wiki/Getting_started Ask anything this board. There are a lot of people that will point you in the right direction.
by FelixTheCat
Fri Sep 15, 2017 11:50 am
Forum: Personal Finance (Not Investing)
Topic: How long did it take for Equifax to email you a security sign up?
Replies: 69
Views: 7066

Re: How long did it take for Equifax to email you a security sign up?

I signed up for Equifax TrustedID on a Thursday. The site said come back on Monday. Apparently, I was one of the hacked. I immediately checked my credit reports. Saw a bunch of articles and videos of people talking about it took three years to go through identity theft hell. Their stories convinced ...
by FelixTheCat
Thu Sep 14, 2017 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Can't freeze credit at Experian?
Replies: 75
Views: 48188

Re: Can't freeze credit at Experian?

Experian, Innovis and ChexSystems were easy for me. Equifax and Transunion must be swamped because it took four attempts for each one of them to place a freeze.
by FelixTheCat
Thu Sep 14, 2017 6:48 pm
Forum: Personal Consumer Issues
Topic: Verify credit freeze is active?
Replies: 18
Views: 2387

Re: Verify credit freeze is active?

Apply for a credit card or a loan. See how far you get.
by FelixTheCat
Wed Sep 13, 2017 2:37 pm
Forum: Personal Consumer Issues
Topic: What money to store outside for disaster?
Replies: 63
Views: 6322

Re: What money to store outside for disaster?

goingup wrote:
Wed Sep 13, 2017 2:15 pm
Is cash even particularly useful to people in TX or FL right now? If you didn't have what you needed before the disaster can you even buy it now?
Agreed. I suggest you start making a Disaster Supplies Kit [Bug out bag]. Here's some ideas https://www.ready.gov/build-a-kit
by FelixTheCat
Tue Aug 29, 2017 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: Relative angry I will not co-sign
Replies: 90
Views: 10103

Re: Relative angry I will not co-sign

I am sorry your relative is angry. Your relative needs to learn their lesson about budgeting, saving, etc.

I agree with others on this thread. Don’t agree to guarantee another person’s debt.
by FelixTheCat
Wed Jul 26, 2017 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 113
Views: 9113

Re: Post Nuptial agreement guaranteeing alimony?

notmyhand wrote:and thus have put my career on the back burner.
Do you really want to settle for a lesser career? I suggest don't put your career on the back burner.

Work together as a team that benefits both of you.
by FelixTheCat
Wed Jul 26, 2017 11:41 am
Forum: Investing - Theory, News & General
Topic: Too much of portfolio in Vanguard?
Replies: 22
Views: 4522

Re: Too much of portfolio in Vanguard?

What would make her feel safer? Happy wife = happy life.

Suggestions
Path 1 ~ She can read about Vanguard's multiple custodial firms, Fidelity bonds, Investment Company Act of 1940, etc.
Path 2 ~ You can always have some money in another company.
by FelixTheCat
Tue Jul 25, 2017 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Grandson just got married. Wants to add wife's name to accts
Replies: 32
Views: 5188

Re: Grandson just got married. Wants to add wife's name to accts

My suggestion is do not commingle premarital property.
by FelixTheCat
Thu Jul 20, 2017 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Separate charitable donations in taxable
Replies: 12
Views: 806

Re: Separate charitable donations in taxable

Here's a suggestion: Open a Fidelity brokerage account. A Fidelity DAF will look into a Fidelity brokerage account to see if there are any Long Term Capital Gains to be donated.
by FelixTheCat
Wed Jul 19, 2017 2:43 pm
Forum: Personal Consumer Issues
Topic: Car Wash Pass worth it?
Replies: 15
Views: 4243

Re: Car Wash Pass worth it?

Yes, the car wash pass is worth it. I pay $36 month for unlimited inside/outside wash. I use it each weekend. My car is spotless. Everyone always comments on how nice my car looks.