Search found 290 matches

by blinx77
Thu Dec 26, 2019 8:23 am
Forum: Personal Finance (Not Investing)
Topic: demented mother's online spending
Replies: 126
Views: 11048

Re: demented mother's online spending

Put password-protected parental controls on the iPad. Block major shopping sites. Change passwords to those sites and don't give her the new password. Let her keep the iPad for facebook, etc. Monitor credit cards closely and make sure new spending doesn't pop up. I am sure it will be like whack-a-mo...
by blinx77
Tue Dec 24, 2019 8:17 am
Forum: Personal Consumer Issues
Topic: How to Protect Your Most Important Asset
Replies: 45
Views: 6419

Re: How to Protect Your Most Important Asset

capitalhockey, 1) Save 1 year of expense every year. Save as much as you spend. It is a balanced approach. 2) See (1). If you save enough, you do not need to earn as much. It gives you time to exercise and have a healthy lifestyle. It does not work the other way. Spend more cause you to need to ear...
by blinx77
Tue Dec 24, 2019 8:07 am
Forum: Personal Consumer Issues
Topic: How to Protect Your Most Important Asset
Replies: 45
Views: 6419

Re: How to Protect Your Most Important Asset

2) How do we use funds to protect our health? I came up a few ideas so far and may be overlooking some others: (a) Pay for gym membership/personal trainer/classes, (b) Pay for more quality/organic food, (c) Monthly chiropractor/massage treatment, (d) Pay for convenience to lower stress (lawn care, ...
by blinx77
Thu Nov 28, 2019 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Inherited House from parents passing - How to handle assets
Replies: 24
Views: 3034

Re: Inherited House from parents passing - How to handle assets

I would be very careful about disposing of assets when siblings have different views on the necessary details -- that's a very good way to create divisiveness. If someone needs/wants to go slower, you are probably better off letting them. The financial carrying costs of a delay are not likely to be...
by blinx77
Wed Nov 27, 2019 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Have $3m at 33, "approach to career" advice needed
Replies: 153
Views: 35115

Re: Have $3m at 33, "approach to career" advice needed

There's probably good reason for this. Life happens. Layoffs happen. Markets crash. Marriages end. People get sick and/or die unexpectedly. Security is precious and valuable. People on this site are VERY conservative. OP has millions in the bank and a proven ability to generate more and the advice ...
by blinx77
Wed Nov 27, 2019 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Have $3m at 33, "approach to career" advice needed
Replies: 153
Views: 35115

Re: Have $3m at 33, "approach to career" advice needed

Ok so in your case it doesn’t seem like this money has helped you. You seem restless, unhappy and constantly focused on what you should be doing. The challenges you’re facing seem more emotional than about personal finances or investing. I’d suggest you see a therapist. Personally I think you need ...
by blinx77
Sun Oct 27, 2019 11:07 am
Forum: Investing - Theory, News & General
Topic: Assessing the Value of Advice
Replies: 18
Views: 1962

Re: Assessing the Value of Advice

It's sorta like using a personal shopper (high-end solution) or reading Consumer Reports magazine (less expensive solution). If you wind up owning the right products (financial or otherwise), then you're better off. With regard to VPAS, if they can prevent even one mistake for a client, then it's p...
by blinx77
Sun Oct 27, 2019 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Advice: Windfall Makes Working Worse Than Not Working
Replies: 70
Views: 10297

Re: Advice: Windfall Makes Working Worse Than Not Working

My advice: You will be wealthy either way. You know the costs and benefits from reading these posts and thinking yourselves. What do you WANT to do? I notice you referred to your jobs as "highly stressful" many times and said that the taxes are "demotivating." Stress kills and IMO there is no obliga...
by blinx77
Sun Oct 27, 2019 9:51 am
Forum: Personal Finance (Not Investing)
Topic: How much does a "good school district" matter?
Replies: 76
Views: 7101

Re: How much does a "good school district" matter?

My two cents: I wouldn't fret very much about whether your house is zoned for a school that's high performing vs. the one that's the absolute tippy top. The difference is not likely to be material, and there is likely kids of a variety of learning styles and abilities at either school. I would go th...
by blinx77
Sun Oct 27, 2019 7:57 am
Forum: Investing - Theory, News & General
Topic: WaPo: Many Investors Have Sat Out Rally
Replies: 87
Views: 15573

Re:

I just listened to one of the WaPo's own former stars, Tony Kornheiser, describe how he lost large sums of money, got scared right around March, and moved everything to cash, where it still sits today. The last 12 months were a fantastic early test for a young (27 yo) still-learning Boglehead such ...
by blinx77
Sun Oct 27, 2019 7:27 am
Forum: Personal Investments
Topic: 11 Reasons to Carry a Big, Long Mortgage by Ric Edelman.
Replies: 93
Views: 11370

Re: 11 Reasons to Carry a Big, Long Mortgage by Ric Edelman.

There is a big difference between (1) deciding to invest money instead of prepaying an existing fixed rate mortgage and (2) deciding to pull out more equity from your house when you are on pace to pay it down. Some may say mathematically it's the same thing but that's not how life works. The advanta...
by blinx77
Sun Sep 29, 2019 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Anyone pivot away from Corporate America
Replies: 18
Views: 3957

Re: Anyone pivot away from Corporate America

I did! I worked at a giant law firm and didn't like it. I sort of suspected I wouldn't like it so I specialized in real estate, which I felt would open up more avenues for smaller entrepreneurial work down the road than something like SEC regulation, which would always involve working for giant inst...
by blinx77
Thu Jul 04, 2019 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Inheriting two homes, sell or rent them ...
Replies: 27
Views: 2611

Re: Inheriting two hours, sell or rent them ...

Actually problem property managers are wilier and slithier than the worst tenant you will ever have. They will drain cash from your rental business while telling you what a wonderful job they are doing. One of the few things in life I can be certain of is that very few property managers have ever l...
by blinx77
Sat Mar 02, 2019 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Tell The Truth to Boss Why I'm Leaving? (More Money)
Replies: 78
Views: 9051

Re: Tell The Truth to Boss Why I'm Leaving? (More Money)

I am a serial job hopper -- not even about money, I just get bored unless I move up / around -- but I like to work 3-5 years in a certain position / role. I feel that's the minimum time in a complex, knowledge-economy job to pick up all the ins and outs, the corporate dynamic, the technical challeng...
by blinx77
Mon Feb 18, 2019 9:04 am
Forum: Investing - Theory, News & General
Topic: Today I learned the 4% rule has been around for hundreds of years.
Replies: 24
Views: 4508

Re: Today I learned the 4% rule has been around for hundreds of years.

I guess practicioners of the 4% rule from historical times would have to retire by age 15 because they were dead by what...age 45 (if they were lucky to make it that long)? Not to go too far off topic, but this is a bit of a myth. Historical life expectancies were brought down significantly by high...
by blinx77
Fri Jan 25, 2019 8:17 pm
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 412
Views: 47922

Re: What lifestyle creep made you happier?

Fitbit watch Kitchen gadgets for cooking (instant pot, kitchen aid mixer, thermopen and some littler things like a julienne peeler, fancier kettle) Larger kitchen Wake up light (alarm clock that gets slowly brighter) Buckwheat pillow Blankets from Costco So mostly things related to preparing my own ...
by blinx77
Tue Jan 22, 2019 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Help needed: wife seeking new job to escape megacorp hell
Replies: 58
Views: 6068

Re: Help needed: wife seeking new job to escape megacorp hell

As a prior poster mentioned, it's very difficult to be consistently rated in the top. It's partly political. They like to spread it around to keep people motivated. (Good) supervisors need to jockey to get their employees named. There's horse-trading. Can't expect it every year. Sounds like at the e...
by blinx77
Sun Jan 20, 2019 6:35 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 58719

Re: John Bogle has died at age 89

Jack Bogle used his financial knowledge to help millions of people. He created a wonderful company that is everything a financial services company should be (client-centric, innovative, ethical). I'm now, thanks to this forum, knowledgeable about investing, but I stick with Vanguard funds, held at V...
by blinx77
Sat Jan 19, 2019 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 802
Views: 83209

Re: Why are you NOT buying rental properties?

Why are you NOT buying rental properties?

-- Busy
-- Lazy
-- Like investments that involve a few clicks on my computer and then never thinking about it again for years.
by blinx77
Sun Jan 13, 2019 9:25 am
Forum: Personal Consumer Issues
Topic: MMORPG games
Replies: 63
Views: 6133

Re: MMORPG games

I used to play Warcraft 2 in high school. I mostly played in the summers and not during the school year. There were two summers in early high school where I was (or felt) too old for camps but did not have jobs. (Not common in my area for kids under 16 to have jobs though some do). I lived in a subu...
by blinx77
Tue Jan 08, 2019 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Financial goals for 2019 (specific)
Replies: 86
Views: 8739

Re: Financial goals for 2019 (specific)

I wish I had financial goals! I just got a new job with fixed compensation. I want to do this for a few years before doing something else. We are settled in our house with a fixed-rate mortgage and own both our cars. We bought our deep freeze, have a Costco membership, etc... We put a bunch of money...
by blinx77
Sun Jan 06, 2019 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Are we at "Peak FI"?
Replies: 93
Views: 10664

Re: Are we at "Peak FI"?

A couple of my observations: -I've never heard FIRE mentioned outside of the internet. And rarely outside of Bogleheads or Reddit. I even work with a bunch of younger (non-tech) engineers, and while they tend to be fiscally conservative types, I get the sense that most of them aren't trying to live...
by blinx77
Sun Jan 06, 2019 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Are we at "Peak FI"?
Replies: 93
Views: 10664

Re: Are we at "Peak FI"?

Nope. As the world becomes wealthier, it's only logical that an increasing amount of people will figure out how to live off of accumulated assets sooner than in previous generations. Particularly as information sharing through the internet makes the unusual paradigm and tricks available to all. (Pre...
by blinx77
Sat Jan 05, 2019 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 271
Views: 25071

Re: $40,000 in debt, bankruptcy seems to be the best option right now

BTW, if you want savings tips, Mr. Money Mustache forum is probably better than here. Bogleheads is better for investing and tax strategies and there are more people who are happier working for longer to amass a lot of money to retire at a typical age comfortably. People on the Mr. Money Mustache fo...
by blinx77
Sat Jan 05, 2019 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 271
Views: 25071

Re: $40,000 in debt, bankruptcy seems to be the best option right now

I'm going to go against the grain and say you should stick with the house if you can. I doubt you will do THAT much better in Miami and there will be transaction costs to moving. Presumably some of those mortgage payments are to principal and so your loan is amortizing and there is some forced savin...
by blinx77
Sat Jan 05, 2019 1:18 pm
Forum: Personal Consumer Issues
Topic: Engagement Ring (Affordable)
Replies: 136
Views: 8708

Re: Engagement Ring (Affordable)

Another vote for labratory diamonds. They are just as real (i.e., contain carbon, with fewer imperfections and equal or greater compression) as carbon compressed under the earth. They are more environmentally sustainable. Why dig something out of the earth when the same thing can be made for less mo...
by blinx77
Sat Jan 05, 2019 10:07 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 790
Views: 111851

Re: How much money do you want to retire?

Realistically, to completely stop working? Investable assets equal to a 3.5 SWR. (Ballpark somewhere between $2 - $2.5 million. High end would be better so we can have more flexibility to spend on kid weddings, travel, etc. and cushion for health costs just in case.) Paid off house plus any major pl...
by blinx77
Thu Jan 03, 2019 8:23 pm
Forum: Personal Investments
Topic: Ever wonder if you are saving Too Much?
Replies: 67
Views: 5858

Re: Ever wonder if you are saving Too Much?

A few years ago my wife and I restructured our life. We had a few kids (3), bought a house, I quit an intense job for a less intense one (shorter commute to boot) and she quit a less intense job to watch the kids. Our savings rate dropped from 70% to 15%. A few years and some raises and completed ho...
by blinx77
Mon Dec 31, 2018 5:18 pm
Forum: Personal Consumer Issues
Topic: Favorite Purchase of 2018?
Replies: 255
Views: 22067

Re: Favorite Purchase of 2018?

Attic energy efficiency renovation. It cost $4,000 but we got $2,000 in rebates from our energy company (due to state laws encouraging same). It's more comfortable in the house. As part of the process, I also bought a kit that allows storage above the insulation, so it increased the amount of the at...
by blinx77
Mon Dec 31, 2018 1:31 pm
Forum: Investing - Theory, News & General
Topic: What have you learned this year
Replies: 90
Views: 7557

Re: What have you learned this year

I don't think I "learned" new lessons this year as much as I have managed to finally internalize some wisdom from others. The future is inherently unpredictable. One can prepare and plan but those preparations and plans need to be adjusted as needed because life will always throw curveballs. Despite...
by blinx77
Mon Dec 31, 2018 11:40 am
Forum: Personal Investments
Topic: Backdoor or Regular Roth IRA when near limits?
Replies: 1
Views: 185

Backdoor or Regular Roth IRA when near limits?

I expect to be near Roth IRA contribution limits next year. Specifically, I'll like have gross income slightly exceed the limit but then have adjusted gross income comfortably lower due to various deductions and credits (401(k) contributions, child tax credit, possibly mortgage interest deduction --...
by blinx77
Mon Dec 24, 2018 2:06 pm
Forum: Personal Investments
Topic: I believe I underestimated my risk tolerance
Replies: 35
Views: 4995

Re: I believe I underestimated my risk tolerance

2008 felt very different. Banks were failing left and right, AIG failed, and there was talk of us entering another Great Depression. I wouldn't judge your risk tolerance based on how you feel right now. Yes, this times 1000. There is an enormous difference between "gee, it's odd the market is down ...
by blinx77
Tue Dec 18, 2018 7:45 pm
Forum: Personal Investments
Topic: Priorities - Biglaw junior associate
Replies: 58
Views: 8552

Re: Priorities - Biglaw junior associate

No particular advice. You are doing fine. Max out retirement accounts. Don't prepay debt. Save up for a downpayment. Also, upon reading the thread, not everyone leaves Biglaw because they are forced out. I left because I wanted to do something else (niche practice, boutique firm). Then I left that j...
by blinx77
Sun Dec 09, 2018 11:25 am
Forum: Investing - Theory, News & General
Topic: Is the division of international markets into "developed" and "emerging" meaningful?
Replies: 16
Views: 1526

Re: Is the division of international markets into "developed" and "emerging" meaningful?

Is the division of international markets into "developed" and "emerging" meaningful? I charted them and they seem to be highly correlated. The two biggest countries in the emerging market index are China and Taiwan. Is it meaningful to say they are emerging? "Emerging" does not describe the return ...
by blinx77
Sat Dec 01, 2018 10:54 am
Forum: Personal Consumer Issues
Topic: 11/28 Today Only, buy a phone on Google FI and get travel gift card of same value
Replies: 101
Views: 7594

Re: 11/28 Today Only, buy a phone on Google FI and get travel gift card of same value

blinx77 wrote:
Sat Dec 01, 2018 10:53 am
I received my order confirmation at 9:59pm EST and did get the travel e-mailed confirmation. So I guess they were very firm on that deadline.

I'm sure they will allow cancellations for those that ordered after 10pm and didn't know the promo had ended.
by blinx77
Sat Dec 01, 2018 10:53 am
Forum: Personal Consumer Issues
Topic: 11/28 Today Only, buy a phone on Google FI and get travel gift card of same value
Replies: 101
Views: 7594

Re: 11/28 Today Only, buy a phone on Google FI and get travel gift card of same value

I received my order confirmation at 9:59pm EST and did get the travel e-mailed confirmation. So I guess they were very firm on that deadline.

I'm sure they will allow cancellations for those that ordered after 10pmamd didn't know the promo had ended.
by blinx77
Thu Nov 29, 2018 12:21 am
Forum: Personal Consumer Issues
Topic: 11/28 Today Only, buy a phone on Google FI and get travel gift card of same value
Replies: 101
Views: 7594

Re: 11/28 Today Only, buy a phone on Google FI and get travel gift card of same value

Uh, I ordered this morning and my email confirmation has nothing about the discount. Just it total price. Did I screw up? I didn't see a promo code or anything. No. Per reddit, a lot of people who ordered early saw nothing. Then people who ordered later in the day starting seeing things in their ca...
by blinx77
Wed Nov 28, 2018 11:37 pm
Forum: Personal Consumer Issues
Topic: 11/28 Today Only, buy a phone on Google FI and get travel gift card of same value
Replies: 101
Views: 7594

Re: 11/28 Today Only, buy a phone on Google FI and get travel gift card of same value

Deal appears to be dead (out of stock). Many phones still show in stock for me, including all 3 colors of Pixel 3 with 64GB. It appears the sale continues until midnight PST. Thanks for this thread. I was busy at work and saw but didn't really notice the announcements elsewhere. I trust this forum ...
by blinx77
Wed Nov 28, 2018 11:19 pm
Forum: Personal Consumer Issues
Topic: 11/28 Today Only, buy a phone on Google FI and get travel gift card of same value
Replies: 101
Views: 7594

Re: 11/28 Today Only, buy a phone on Google FI and get travel gift card of same value

This deal has been a disaster!! It was on the website when I went to order a few hours ago. I spent twenty minutes or so in the cart researching options. I ordered. $850. Confirmation that it went through my credit card. No confirmation about the travel promotion at all. Then I find out Google sent ...
by blinx77
Wed Nov 28, 2018 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Entity formation for commercial real estate holdings
Replies: 2
Views: 317

Re: Entity formation for commercial real estate holdings

As a commercial real estate attorney I think I know the answer but I have an even better one:

Time to start hiring a good accountant. It's a cost of doing the business you describe. A good one will save you time and money and should know the answer to that question and more.
by blinx77
Wed Nov 28, 2018 8:19 pm
Forum: Personal Consumer Issues
Topic: How do value the cost of commuting?
Replies: 54
Views: 3761

Re: How do value the cost of commuting?

Seems like part of your compensation is almost full time WFH and time to spend on a side hustle (is that during working hours)? No way I'd leave with those facts.
by blinx77
Wed Nov 28, 2018 7:50 pm
Forum: Investing - Theory, News & General
Topic: Does 100% stocks make sense for very high net worth individuals
Replies: 126
Views: 14015

Re: Does 100% stocks make sense for very high net worth individuals

Many of the high net individuals I know have some income producing real estate. I know several high net individuals who have been swindled in their old age. It doesn't matter how much you have it can still be lost. A local bank has a lot of their wealthy clients in stock and bond funds. I see a few...
by blinx77
Tue Nov 27, 2018 8:36 pm
Forum: Investing - Theory, News & General
Topic: Does 100% stocks make sense for very high net worth individuals
Replies: 126
Views: 14015

Re: Does 100% stocks make sense for very high net worth individuals

For what it is worth, if I had more than $5 million I would begin to diversify out of simply stocks and bonds. I would probably buy a small piece of commercial real estate. At about the $25 million zone, you may want some funds in private equity, farmland, etc. At that rate, I would be MORE willing ...
by blinx77
Tue Nov 27, 2018 8:34 pm
Forum: Investing - Theory, News & General
Topic: Does 100% stocks make sense for very high net worth individuals
Replies: 126
Views: 14015

Re: Does 100% stocks make sense for very high net worth individuals

The only billionaire I know won't touch stocks. Mostly just short term treasuries or TIPS (or other sovereigns in foreign countries), with a little bit of land and some angel/venture capital. The company he owns generates about $200-300 million a year in free cash, and a large portion of that goes ...
by blinx77
Wed Nov 21, 2018 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Am I buying too much house??! What kind of mortgage?
Replies: 33
Views: 6985

Re: Am I buying too much house??! What kind of mortgage?

Single, no kids?

I would crunch the numbers as if it were an investment property, but then live in it to get the lower rates for owner-occupied residential. Then move in a few years and rent it out if it cash flows.

Failing that, just rent.
by blinx77
Wed Nov 21, 2018 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Weigh in on our Marital Argument =)-- HCOL edition
Replies: 110
Views: 14049

Re: Weigh in on our Marital Argument =)-- HCOL edition

I'm going to take a different tack from many prior posters here. First, your oldest is already 15. That's three years before college. With those facts, unless you think they will live at home during college, I would stay put. If you want to move, I think the "25 commute while living in the city vs. ...
by blinx77
Thu Nov 15, 2018 7:17 pm
Forum: Personal Investments
Topic: Is maxing out Tax defered 401(k) enough?
Replies: 49
Views: 5743

Re: Is maxing out Tax defered 401(k) enough?

I say yes. 18.5 x 2 = 37. You are probably getting at least $10k from your matching funds. So that's $47k a year. Do this for fifteen years and get 5% real returns and you'll have $1.15 million (per https://www.bankrate.com/calculators/savings/compound-savings-calculator-tool.aspx ) plus a paid off ...
by blinx77
Fri Nov 02, 2018 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 12544

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

If he or she gets an apartment in Manhattan for $4k/month, rent is only 36% of net income. Oh, I thought we were comparing apples to apples. My mortgage (and I was building equity) on my McMansion cost less than the RENT on that tiny apartment. You guys are comparing apples to oranges. I spend 20% ...
by blinx77
Thu Sep 27, 2018 7:17 am
Forum: Personal Consumer Issues
Topic: Reminder on Keeping an Emergency Fund
Replies: 27
Views: 3003

Reminder on Keeping an Emergency Fund

This week I: -- Found out my paycheck for my new job comes two weeks behind so I won't get paid for another two weeks. -- Signed a contract to replace my broken / inoperable HVAC system ($9.4k out of pocket, will get $2,000 in rebates) -- Had a sudden cat medical emergency (and sadly later death) = ...
by blinx77
Mon Sep 24, 2018 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Changing careers (changing gears) - Can I?
Replies: 10
Views: 1126

Re: Changing careers (changing gears) - Can I?

At $2.5 million net worth and $50k expense, you have won the game. Congrats!

Do whatever you want!