Search found 1460 matches

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: 337
Views: 36229

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: 10265

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: 10265

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: 10265

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: 10265

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: 10265

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: 130
Views: 14057

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: 1584
Views: 282267

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: 4232

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: 6708

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: 1079

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: 11785

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: 1153

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: 108
Views: 17180

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: 275
Views: 25399

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: 1527

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: 3153

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: 2045

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: 5631

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: 4080

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: 5631

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: 73
Views: 35713

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: 1911

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: 5169

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: 8573

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: 7388

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: 3938

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: 4622

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: 524

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: 1186

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.
by FelixTheCat
Mon Jul 17, 2017 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: 3-fund portfolio - bond fund options
Replies: 44
Views: 2339

Re: 3-fund portfolio - bond fund options

GaryA505 wrote:Felix, are you trying to make trouble? I think you're going to stir up a hornet's nest. :twisted:
We are supposed to understand the role of each fund in our portfolio.
by FelixTheCat
Mon Jul 17, 2017 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: 3-fund portfolio - bond fund options
Replies: 44
Views: 2339

Re: 3-fund portfolio - bond fund options

I decided that Total Bond Market Index Fund is nearly ideal for inclusion in The Three-Fund Portfolio for two primary reasons: 1. It is very diversified (often called the only free-lunch in investing). 2. It is very safe. It's worst annual loss since inception was -2.66%. In the 2008 bear market (w...
by FelixTheCat
Mon Jul 17, 2017 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: california homeowners - do you have earthquake insurance?
Replies: 79
Views: 6711

Re: california homeowners - do you have earthquake insurance?

I would have insurance appropriate for the area you live in. For example, I would have flood insurance if my area historically had a flood or two. CA is known for fires and earthquakes.

I have earthquake insurance.
by FelixTheCat
Fri Jul 14, 2017 3:53 pm
Forum: Investing - Theory, News & General
Topic: 90:10 AA - what don't you believe about it?
Replies: 101
Views: 7787

Re: 90:10 AA - what don't you believe about it?

Here's my Buffett answer. Warren is one of the most successful investors of all time and 2nd richest man on the planet. If you believe in him, commit to his plan. :D This is not directed at you, but I get tired of the guru worship on here sometimes. If Warren Buffet had become one of the richest me...
by FelixTheCat
Fri Jul 14, 2017 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Finance Q for those that have gone through Divorce
Replies: 38
Views: 3458

Re: Finance Q for those that have gone through Divorce

BanquetBeer wrote:Why is everyone talking about child support if custody is split 50/50?
The children need to be provided for. You can't have lobster at one house and mac n cheese at the other.

Family court will determine payment based on custody and income.
by FelixTheCat
Fri Jul 14, 2017 11:58 am
Forum: Investing - Theory, News & General
Topic: 90:10 AA - what don't you believe about it?
Replies: 101
Views: 7787

Re: 90:10 AA - what don't you believe about it?

Here's my Buffett answer. Warren is one of the most successful investors of all time and 2nd richest man on the planet. If you believe in him, commit to his plan. :D
by FelixTheCat
Fri Jul 14, 2017 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Finance Q for those that have gone through Divorce
Replies: 38
Views: 3458

Re: Finance Q for those that have gone through Divorce

In CA, Half of the marital assets go to each spouse. You will pay child support until child reaches 18. Spousal support for 10+ years of marriage is for life until the receiving spouse remarries. Children usually go to Mom with Dad getting one evening a week and every other weekend. In some states, ...
by FelixTheCat
Wed Jul 12, 2017 2:46 pm
Forum: Investing - Theory, News & General
Topic: Why Buffet likes S&P 500 Index over a TSM Index Fund?
Replies: 51
Views: 7063

Re: Why Buffet likes S&P 500 Index over a TSM Index Fund?

I know the forum recommends Total Stock Market Index.

I'm curious about Mr. Bogle's portfolio. Where does it show Mr. Bogle prefers Total Stock Market? Is there a link showing his portfolio?
by FelixTheCat
Wed Jul 12, 2017 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Personal loan to a family member
Replies: 114
Views: 7926

Re: Personal loan to a family member

Do not loan money. Do not co-sign a loan. You are only looking for heartache if you do.
by FelixTheCat
Fri Jul 07, 2017 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Appropriately handling a transfer to Vanguard
Replies: 16
Views: 1109

Re: Appropriately handling a transfer to Vanguard

ResearchMed wrote: Coming to your house late at night?

WAY out of bounds.
I agree. I wouldn't have any further contact.
by FelixTheCat
Thu Jul 06, 2017 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: A Better Version Of The Warren Buffett 90/10 Portfolio?
Replies: 19
Views: 2669

Re: A Better Version Of The Warren Buffett 90/10 Portfolio?

Buffett is one of the most successful investors of all time and the second richest man on the planet according to Forbes. Does that help with your decision on changing his suggested portfolio? :happy
by FelixTheCat
Thu Jul 06, 2017 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Landlording....
Replies: 12
Views: 1703

Re: Landlording....

Do you want to keep the property as a rental?
  • No ~ Tell the tenant you are selling and have them move out.
    Yes ~ Get a good property manager.
I cannot believe you are tolerating a poor renter. You need to have someone that will enforce rent is due on the 1st.
by FelixTheCat
Wed Jun 28, 2017 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: New child - what type of accounts to open?
Replies: 8
Views: 803

Re: New child - what type of accounts to open?

You can open a UTMA account at Schwab at a low minimum.
by FelixTheCat
Wed Jun 28, 2017 3:53 pm
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 14119

Re: How did you handle the costs of your child's wedding?

Open a brokerage account in parents name. Buy an S&P 500 index fund. Watch it grow over the next couple of decades. Schwab has lower minimums. :happy
by FelixTheCat
Tue Jun 27, 2017 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Middle age job blues
Replies: 86
Views: 9558

Re: Middle age job blues

You want to see your employer interest level? Put yourself on LinkedIn. I had head hunters spamming/calling me constantly. I eventually had to turn my profile off.

Think of the possibilities. You could go part-time contracting with 2MM in the bank. Work when you want and vacation more. :D
by FelixTheCat
Tue Jun 27, 2017 1:56 pm
Forum: Personal Consumer Issues
Topic: Pet insurance
Replies: 10
Views: 949

Re: Pet insurance

Search the threads. This has been discussed.

I use https://www.healthypawspetinsurance.com/
by FelixTheCat
Tue Jun 27, 2017 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Consolidating banks accounts
Replies: 8
Views: 723

Re: Consolidating banks accounts

Have you looked at Fidelity's Cash Management Account? https://www.fidelity.com/cash-managemen ... t/overview Then get Fidelity's Cash Rewards credit card to get the 2% rewards.
by FelixTheCat
Mon Jun 26, 2017 6:04 pm
Forum: Personal Consumer Issues
Topic: Insurance snafu with sewer line break at condo
Replies: 31
Views: 3596

Re: Insurance snafu with sewer line break at condo

The majority of home policies will have an additional endorsement called sewer and drain coverage which would have covered the interior building damage in that scenario. I would be amazed if the endorsement wasn't available at State Farm. State Farm has this insurance. I tried to add this to my pol...
by FelixTheCat
Mon Jun 26, 2017 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: A TIPS is maturing in Fidelity. What to do?
Replies: 44
Views: 2976

Re: A TIPS is maturing in Fidelity. What to do?

I have been trying to figure out my cash portion of my AA.

Can I ask why you are interested in TIPS? Vanguard's TIPS (VAIPX) 5 year return is .40%. Wouldn't it be better to have a 5 year CD ladder?