Search found 25 matches

by HenryBemis
Tue Jun 04, 2019 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Tell us your side hustle success stories.
Replies: 68
Views: 7599

Re: Tell us your side hustle success stories.

Mine is pretty unique and still in progress but successful so far. I had a crash course in sports betting over the course of the last 2 years (lost zero dollars, just was educating myself on who to follow for bets as I had a hard time handicapping myself). I follow a person with long time success b...
by HenryBemis
Thu May 09, 2019 10:19 am
Forum: Personal Consumer Issues
Topic: Undergrad major in Economics or Finance?
Replies: 62
Views: 4407

Re: Undergrad major in Economics or Finance?

Loved Econ, was told by the Econ Professor to major in Finance instead. I am very happy I took that advice. As others have already pointed out, Finance is much more marketable.
by HenryBemis
Mon Apr 01, 2019 2:26 pm
Forum: Personal Consumer Issues
Topic: Folks in their 60s and above. What early investment on health do you recommend.
Replies: 193
Views: 15481

Re: Folks in their 60s and above. What early investment on health do you recommend.

MD here. In terms of affecting your long term health and statistical longevity, my first rule would be DO NOT SMOKE. No other behavioral decision is likely to have a greater impact than whether of not you choose to use tobacco products. Second would be to get regular exercise and stay near your ide...
by HenryBemis
Mon Mar 18, 2019 11:10 am
Forum: Personal Consumer Issues
Topic: Paris - Is It Safe?
Replies: 143
Views: 10483

Re: Paris - Is It Safe?

Paris, France? Paris, Texas? The latter is less "safe" in terms of crime per capita, interestingly enough.

Anyway, go! Paris is a fantastic city...France of course. Live your life.
by HenryBemis
Wed Mar 13, 2019 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Bright daughter wants to work for nonprofit
Replies: 103
Views: 8943

Re: Bright daughter wants to work for nonprofit

I work at a large not-for-profit on the Finance side. I receive 36 days vacation, a small pension, great health benefits and a salary in the low 100K's, which is competitive for my title/field/age. As a father, I couldn't have made a better decision. Also as a father, I get your concern but it's not...
by HenryBemis
Fri Feb 08, 2019 11:09 am
Forum: Personal Consumer Issues
Topic: Money saving move you regret the most?
Replies: 120
Views: 11564

Re: Money saving move you regret the most?

You bring your own food when you go out to a restaurant? Am I reading that right? Do you also bring your own beer when you go out to a sports bar?lol Yes. I no longer drink beer. The WHO estimates that 5.3% of global deaths are caused by alcohol consumption. I hope to reduce my healthcare costs in ...
by HenryBemis
Fri Jan 04, 2019 10:22 am
Forum: Investing - Theory, News & General
Topic: 2019 Hedge Fund Contest
Replies: 250
Views: 25106

Re: 2019 Hedge Fund Contest

The Flavor Aid Fund

Long
FIVE- Five Below
MO- Altria Group Inc
NOC- NORTHROP GRUMMAN CORP

Short
FB- FACEBOOK INC
M- MACYS INC

*We aim to overcharge and underperform.
by HenryBemis
Tue Dec 04, 2018 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: "The Steak Dinner Annuity Pitch"
Replies: 68
Views: 8312

Re: "The Steak Dinner Annuity Pitch"

mickeyd wrote:
Sat Dec 01, 2018 3:02 pm
Enjoy the steak dinner, but don't drink the Kool-Aid.
*Flavor Aid
by HenryBemis
Thu Mar 22, 2018 10:17 am
Forum: Investing - Theory, News & General
Topic: Maybe Ramsey is right
Replies: 43
Views: 10885

Re: Maybe Ramsey is right

Just posting to complain that when I used golf and shooting par as an analogy on an earlier post about a similar topic, it was dismissed as a poor analogy. Rant over.
by HenryBemis
Fri Oct 27, 2017 10:23 am
Forum: Personal Investments
Topic: 401A, 403B, Roth IRA's, and Pofit Sharing...Oh My!
Replies: 5
Views: 531

Re: 401A, 403B, Roth IRA's, and Pofit Sharing...Oh My!

Mandatory employee contributions are not considered employee deferrals and thus do not limit the 403b employee deferrals. The 403b has a 2017 $54K annual addition limit and if you do not own a business, the 401a has a separate annual addition limit. You should check with the 401a administrator to d...
by HenryBemis
Fri Oct 27, 2017 9:50 am
Forum: Personal Investments
Topic: 401A, 403B, Roth IRA's, and Pofit Sharing...Oh My!
Replies: 5
Views: 531

Re: 401A, 403B, Roth IRA's, and Pofit Sharing...Oh My!

blueman457 wrote:
Fri Oct 27, 2017 9:32 am
The 401a component does not affect the amount you can set aside in your 403b. You can contribute the full $18k to your 403b.

Blue Man
And the 401a limit is 54K it seems, correct?
by HenryBemis
Fri Oct 27, 2017 9:27 am
Forum: Personal Investments
Topic: 401A, 403B, Roth IRA's, and Pofit Sharing...Oh My!
Replies: 5
Views: 531

401A, 403B, Roth IRA's, and Pofit Sharing...Oh My!

My wife and I both work in the not-for-profit world (the wife at a preschool; I at a Health Care agency) and I am not getting a ton of clarity on how our different funds affect one another in terms of maximization. I would love some help from the BH’s as I would like to contribute more, but am afrai...
by HenryBemis
Thu Oct 26, 2017 2:30 pm
Forum: Personal Investments
Topic: Taxable Investing Question/Opinion
Replies: 8
Views: 934

Re: Taxable Investing Question/Opinion

[/quote] What is your desired overall asset allocation for your portfolio? Do you have any tax-advantaged accounts like a 401k or IRA, where you could buy additional high quality low expense ratio bond funds? You can simply add this to your original post using the edit button, it helps a lot if all ...
by HenryBemis
Thu Oct 26, 2017 2:21 pm
Forum: Personal Investments
Topic: Taxable Investing Question/Opinion
Replies: 8
Views: 934

Re: Taxable Investing Question/Opinion

Henry, if you have taxable money to invest over and above an EF (emergency fund), then it's part of overall asset allocation. The true EF should not be played with because at a time when you have an emergence is often when the market has tanked. The funds you mentioned are not good choices for taxa...
by HenryBemis
Thu Oct 26, 2017 1:24 pm
Forum: Personal Investments
Topic: Taxable Investing Question/Opinion
Replies: 8
Views: 934

Taxable Investing Question/Opinion

Kind Bogleheads, I’ve decided to (conservatively) invest part of my emergency fund in the coming months and need some input. I’m not interested in being talked out of investing part of my efund as I am keeping a good portion in cash while adding monthly to the invested portion. I’m willing to accept...
by HenryBemis
Tue Oct 24, 2017 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Calling all CPA's: Cash Settlement Question
Replies: 2
Views: 442

Calling all CPA's: Cash Settlement Question

I'll keep this brief. My wife and I had new siding put up on my home earlier this year. There was a problem with the siding and we are due to receive a settlement from the manufacturer. Will this be taxable?
by HenryBemis
Mon Mar 06, 2017 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Net Worth Calculation (Question/Opinion)
Replies: 26
Views: 2833

Re: Net Worth Calculation (Question/Opinion)

Wonderful replies so far! Thanks everyone! I have always given my home a very conservative valuation. I'm thinking the 4% on-top of that is just overkill. Especially since I don't plan on selling the home anytime soon.
by HenryBemis
Mon Mar 06, 2017 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Net Worth Calculation (Question/Opinion)
Replies: 26
Views: 2833

Net Worth Calculation (Question/Opinion)

Curious on your thoughts Bogleheads: I know people differ on whether or not to include one's home equity when calculating net worth. I'm not interested in that debate as I firmly believe it is to be included. For those that agree, do you back out the amount it would cost to sell the home? I have bee...
by HenryBemis
Thu Feb 16, 2017 10:07 am
Forum: Investing - Theory, News & General
Topic: What's a good analogy for average returns?
Replies: 45
Views: 3858

Re: What's a good analogy for average returns?

Best one I ever read was to look at investing as golf. A HUGE majority of people cannot shoot par on a pro-course. Look at average returns as par. If you had to play golf with a bunch of pro's for money and you can choose an option to get accept par...etc, etc, ect. I liked it anyway. I also stink a...
by HenryBemis
Wed Aug 12, 2015 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: 5 Finance Myths Millennials Should Avoid
Replies: 32
Views: 6466

Re: 5 Finance Myths Millennials Should Avoid

Thank you grog. I agree with your post here. Obviously we are like minded. I think that is what truly bothered me about the article. This article is not geared toward someone who is financially savvy. I have these conversations often with my peers because they know I'm not as green on the topic of p...
by HenryBemis
Wed Aug 12, 2015 10:40 am
Forum: Personal Finance (Not Investing)
Topic: 5 Finance Myths Millennials Should Avoid
Replies: 32
Views: 6466

Re: 5 Finance Myths Millennials Should Avoid

Did I mention I love this blog? Seriously, thanks to all those who responded and I certainly did read all of the responses thus far. I re-read it and I have to agree that I was a little reactive. I just know the mentality of the a lot of the people who would read an article like that and I think it ...
by HenryBemis
Wed Aug 12, 2015 9:42 am
Forum: Personal Finance (Not Investing)
Topic: 5 Finance Myths Millennials Should Avoid
Replies: 32
Views: 6466

5 Finance Myths Millennials Should Avoid

I've been a long time lurker (love this site!) but I absolutely had to post this ridiculous article link from Investopedia. I am technically a Millennial, as I am 31 so I took the "click bait". http://www.investopedia.com/articles/personal-finance/081115/5-finance-myths-millennials-should-avoid.asp?...
by HenryBemis
Tue Jun 16, 2015 11:25 am
Forum: Personal Consumer Issues
Topic: Coffee - just starting out
Replies: 43
Views: 10269

Re: Coffee - just starting out

What you need is a Bialetti espresso percolator which is put onto a stove top. Any true "Old School" Italian has this on hand. It's a quick cheap way to make decent (and truly hot) espresso, especially for mixing as you want to do. You can find them on Amazon.