Search found 253 matches

by DrivingFun
Sun Feb 21, 2021 9:03 am
Forum: Investing - Theory, News & General
Topic: If you bought Bitcoin, when do you plan to sell?
Replies: 396
Views: 30467

Re: If you bought Bitcoin, when do you plan to sell?

I see three likely approaches to investing in BTC: 1) Don't touch it with a barge pole. 2) Put whatever you can afford to lose in and HODL. 3) Decide what % of your portfolio it will be and rebalance as per any other asset class. I would suggest 1% as a minimum and that everybody* should invest 1% ...
by DrivingFun
Fri Jan 22, 2021 10:51 am
Forum: Investing - Theory, News & General
Topic: Why Vanguard?
Replies: 77
Views: 6927

Re: Why Vanguard?

For my purposes of doing nothing more than Total Stock/Total International, anything would work. I'm at Vanguard because I'm already there and it's a beast I know. There is almost no upside for me to go somewhere else.
by DrivingFun
Sat Jun 20, 2020 10:23 am
Forum: Personal Investments
Topic: VTIAX dividend
Replies: 4
Views: 572

Re: VTIAX dividend

I'm guessing that "RD" is Record Date and "PD" is the payable date for reinvested dividends. I'd think it will post on the 22nd. I've generally found that they all show up by the end of the month eventually. I always assumed that the payable date of a dividend is identical, whet...
by DrivingFun
Sat Jun 20, 2020 9:12 am
Forum: Personal Investments
Topic: VTIAX dividend
Replies: 4
Views: 572

VTIAX dividend

My taxable account is currently set to not reinvest dividends and have them go to the settlement fund. My IRAs are set to reinvest. I am seeing that VTIAX (Total International) had a dividend and a reinvest in my IRA on the 19th. I don't however see any dividend activity in my taxable for the same f...
by DrivingFun
Fri Apr 03, 2020 8:16 am
Forum: Investing - Theory, News & General
Topic: What's happening with Muni Money Market fund yields?
Replies: 153
Views: 15217

Re: What's happening with Muni Money Market fund yields?

For cash-like portion of your portfolio, at this point it time, where would you rather be? Mine is currently in Prime Money Market, where it has been ever since the yield went higher than Ally Savings account. I can't remember exactly when that was, but it's been at least a year or two. Currently Al...
by DrivingFun
Fri Mar 27, 2020 2:45 pm
Forum: Personal Investments
Topic: VFWAX TLH
Replies: 7
Views: 341

Re: VFWAX TLH

Thanks, I read up on this just now and I do not hold VFWAX is any other account, neither does my wife. I am looking to sell the entire position (Initial purchase was sometime in 2008 or so), it looks like nearly all lots purchased in 2012 and on are in the red. There is about $11,000 of long term c...
by DrivingFun
Fri Mar 27, 2020 1:42 pm
Forum: Personal Investments
Topic: VFWAX TLH
Replies: 7
Views: 341

Re: VFWAX TLH

If you are selling today / tomorrow, you just need to sell all shares that are bought since the last 30 days, so that puts you at Feb-26-2020. As long as you sell every lot of VFWAX that you bought, even through dividend reinvestment, since Feb-26-2020 (that date included) and resolve to not buy VF...
by DrivingFun
Fri Mar 27, 2020 12:49 pm
Forum: Personal Investments
Topic: VFWAX TLH
Replies: 7
Views: 341

Re: VFWAX TLH

If you sell everything including shares bought within the last 30 days there is no wash. At least in that account. I don't know what else you have. I wouldn't enter every lot on your taxes just the totals. I don't hold VFWAX in any other account. What would I be concerned about, another retail acco...
by DrivingFun
Fri Mar 27, 2020 9:42 am
Forum: Personal Investments
Topic: VFWAX TLH
Replies: 7
Views: 341

VFWAX TLH

Hi all, I have a position in VFWAX going back more than a decade. The cost basis is set to specific lots, of which I have probably 80 over that period of time. This includes periodic investments and dividends. The entire position has both a short and long term loss. I am thinking of exchanging the e...
by DrivingFun
Fri Dec 27, 2019 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Job offer at FAANG for $350k - Declining Offer
Replies: 161
Views: 19468

Re: Job offer at FAANG for $350k

In Tech you are expected to acquire skills and abilities over time, not to cruise in a stable job and eventually stagnate. I feel like your gut told you to interview at a competitive place for a reason but you are finding language that is acceptable to you to talk yourself out of the additional wor...
by DrivingFun
Thu Aug 29, 2019 7:08 am
Forum: Personal Finance (Not Investing)
Topic: What makes your dream house so special?
Replies: 41
Views: 3497

Re: What makes your dream house so special?

This thread made me realize I don't have a dream house, rather I don't have any aspiration at this point to have a dream house or would even know what my dream house would look like.
by DrivingFun
Fri Jul 12, 2019 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 224
Views: 15867

Re: Should I encourage my kids to work in high school/college?

yes, the sooner kids start to work the better. Responsibility, finances, work ethic..all positives. Parents handing their teenage kids spending money only generates problems IMO There is no one size fits all. 5 pages of anecdotal evidence, all of it perfectly valid. I happen to agree with you and t...
by DrivingFun
Thu Jul 04, 2019 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Do you share your net worth with family members?
Replies: 252
Views: 24562

Re: Do you share your net worth with family members?

What would be the upside benefit of divulging your net worth details outside of spouse or grown children? Exactly this. There is absolutely no reason for me to share this information. In general I don't like sharing personal information with others, financial or not. I do know some people simply ne...
by DrivingFun
Sun Jun 16, 2019 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 120921

Re: Why are you NOT buying rental properties?

It's such a polarizing topic, with so many different experiences. It seems to me that there isn't a singular "rentals". In other words there are so many variables, that it's a completely different game for most players and cannot be compared one to another. Two of my best friends own renta...
by DrivingFun
Wed Apr 24, 2019 8:40 am
Forum: Investing - Theory, News & General
Topic: "Vanguard converting mutual fund accounts to brokerage?
Replies: 420
Views: 94894

Re: "Vanguard converting mutual fund accounts to brokerage?

Those of us who are perfectly content with the mutual fund only site, does anyone know if there is a date we'll be forced off? About a year ago I remember a bunch of messages asking me to convert which I declined. Nothing since. What do you see as a downside of having a brokerage account that only ...
by DrivingFun
Wed Apr 24, 2019 7:32 am
Forum: Investing - Theory, News & General
Topic: "Vanguard converting mutual fund accounts to brokerage?
Replies: 420
Views: 94894

Re: "Vanguard converting mutual fund accounts to brokerage?

Those of us who are perfectly content with the mutual fund only site, does anyone know if there is a date we'll be forced off? About a year ago I remember a bunch of messages asking me to convert which I declined. Nothing since.
by DrivingFun
Wed Apr 24, 2019 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Marriage and Student Loans
Replies: 62
Views: 4612

Re: Marriage and Student Loans

Fellow BHs, does any one else think that OP's fiance accepting the 50k before they are even married is huuuge red flag? As Setance posted, i wouldn't let my daughter accept the money before marriage either. She should have rejected that offer until they get married (yes, even if interest was 12%). ...
by DrivingFun
Tue Apr 16, 2019 7:21 am
Forum: Investing - Theory, News & General
Topic: How does Alliant Credit Union make money on their Credit Card?
Replies: 29
Views: 3521

Re: How does Alliant Credit Union make money on their Credit Card?

They recently raised the fee on this card from $49 to $99.
by DrivingFun
Tue Apr 09, 2019 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Infertility treatments/insurance/job situation
Replies: 44
Views: 3943

Re: Infertility treatments/insurance/job situation

As many others in this thread my wife and I went through this. I had no coverage so everything was out of pocket. What made the entire process even worse was the fact this was "unexplained" infertility. In other words everything checked out, things just weren't clicking. I can understand t...
by DrivingFun
Mon Apr 01, 2019 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Credit card to get after using up bonus offers due to 5/24 rule?
Replies: 45
Views: 2936

Re: Credit card to get after using up bonus offers due to 5/24 rule?

Yes no doubt to get much higher than 1.5-2 cpp you must have expensive tastes, as you do :sharebeer No doubt but keep in mind I am often travelling quite far to some less traveled locations so more space on-board and lounges for layovers make the trip a lot nicer and I arrive at least somewhat less...
by DrivingFun
Sun Mar 31, 2019 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card to get after using up bonus offers due to 5/24 rule?
Replies: 45
Views: 2936

Re: Credit card to get after using up bonus offers due to 5/24 rule?

Southwest is not useful to me since I rarely fly domestically and when I do cash prices are usually better. How are cash values usually better? You mean you're not finding at least 1.5x value? I mean I find more value using said points to fly international first and business class long haul so I va...
by DrivingFun
Sun Mar 31, 2019 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Credit card to get after using up bonus offers due to 5/24 rule?
Replies: 45
Views: 2936

Re: Credit card to get after using up bonus offers due to 5/24 rule?

Southwest is not useful to me since I rarely fly domestically and when I do cash prices are usually better. How are cash values usually better? You mean you're not finding at least 1.5x value? SW typically is 50,000 points for spending $2000 and paying $69 or $99 annual fee, as they don't waive it....
by DrivingFun
Sun Mar 31, 2019 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Credit card to get after using up bonus offers due to 5/24 rule?
Replies: 45
Views: 2936

Re: Credit card to get after using up bonus offers due to 5/24 rule?

THY4373 wrote: Sat Mar 30, 2019 10:21 amSouthwest is not useful to me since I rarely fly domestically and when I do cash prices are usually better.
How are cash values usually better? You mean you're not finding at least 1.5x value?
by DrivingFun
Fri Mar 29, 2019 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card to get after using up bonus offers due to 5/24 rule?
Replies: 45
Views: 2936

Re: Credit card to get after using up bonus offers due to 5/24 rule?

I think the chase cards are good, but overrated. BoA has been more lucrative for me, especially for everyday spending. AmEx has good bonuses and generous 0% apr periods, and generous credit limits in my experience. They are not overrated if you utilize the points towards travel. If you don't, then ...
by DrivingFun
Wed Mar 06, 2019 8:48 am
Forum: Personal Consumer Issues
Topic: best cheap printer
Replies: 80
Views: 6649

Re: best cheap printer

Unless you absolutely need photo quality prints, I would never get another inkjet. It's one of the biggest rackets out there. I don't know why I waited so many years to go laser myself. Personally, I've been avoiding it because of space constraints. I haven't seen a laser multi-function that would ...
by DrivingFun
Thu Feb 28, 2019 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Is the Chase Sapphire Preferred card any good?
Replies: 61
Views: 4847

Re: Is the Chase Sapphire Preferred card any good?

The biggest reason I keep the Sapphire preferred is the primary rental car insurance. We typically rent for more than 2 weeks so that alone saves us more than the annual fee. Doesn't this only cover the collision aspect of "insurance". In other words you still need something for liability.
by DrivingFun
Sun Feb 17, 2019 9:44 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 5101
Views: 962285

Re: What's Your Credit Card Rewards Strategy?

1) ability to transfer ultimate rewards points to partners like United, Jet Blue, Hyatt, IHG, Marriott The airline alliances part is like witchcraft to me. Direct transfers seem straight forward like perhaps Southwest/JetBlue/United. But then you read about alliances and people finding flights on a...
by DrivingFun
Sun Feb 17, 2019 9:35 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 5101
Views: 962285

Re: What's Your Credit Card Rewards Strategy?

My main point is 'never say never." Victoria I've never traveled first class either, and don't foresee myself doing so for a long time. I completely understand all the reasons why people do it, including the value vs. cash when using points. Mentally I just can't get over paying even 3 times a...
by DrivingFun
Sun Feb 17, 2019 9:17 am
Forum: Personal Finance (Not Investing)
Topic: I want a new Audi A6 2018 (50k) - Can I afford it? Or is this just a really dumb decision...
Replies: 136
Views: 8949

Re: I want a new Audi A6 2018 (50k) - Can I afford it? Or is this just a really dumb decision...

You're going to hear as many opinions as there are people. You know what they say about opinions right :D My personal approach is to try and find a middle ground between long and short term goals. It might sound simplistic but if you read the comments in this thread you'll see that isn't the case fo...
by DrivingFun
Sat Jan 26, 2019 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 205
Views: 37399

Re: Millionaire by 40 and How you Did it?

Hi. Nowadays, it's not too unreasonable to become a millionaire even in your 20s, just by attending a high tier college, getting hired in a competitive industry, and saving and investing as much money as you can afford to. It really is as simple as that. I haven't done the research, so maybe I'm pu...
by DrivingFun
Sat Jan 26, 2019 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 205
Views: 37399

Re: Millionaire by 40 and How you Did it?

tomtoms wrote: Sat Jan 12, 2019 9:50 am It is not as hard as you think.

- started a thriving business
:wink:
by DrivingFun
Wed Jan 23, 2019 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Why doesn't a lot of money feel like a lot of money?
Replies: 205
Views: 23349

Re: Why doesn't a lot of money feel like a lot of money?

It doesn't feel like a lot because it doesn't alert your (immediate) life in the least. Your day didn't change in any way at all. Maybe in the future when you can afford to retire early, that's when it'll feel like you have a lot money. Your life would actually be affected by it.
by DrivingFun
Wed Jan 23, 2019 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Need Advice - quit 6-figure job to do coding school?
Replies: 118
Views: 10896

Re: Need Advice - quit 6-figure job to do coding school?

I am so confused. 250k + per year Good benefits Work 20-30 hours a week Chill environment Nice coworkers Why kill a good thing while you have it? Maybe it's not sustainable, who knows, but I'd ride that sucker like it was the last life boat on the Titanic. I don't think you will make anywhere near ...
by DrivingFun
Wed Jan 09, 2019 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Too many credit cards?
Replies: 54
Views: 3881

Re: Too many credit cards?

Depending on what airline you fly credit cards are an incredible tool. If you fly southwest with a significant other there is no reason why you should not have the companion pass every year. I have not paid for a SW ticket in years due to Chase UR and SW rapid rewards. Chase quadfecta is a heck of ...
by DrivingFun
Mon Jan 07, 2019 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Chase sapphire reserve points
Replies: 19
Views: 2760

Re: Chase sapphire reserve points

This is completely dependent on your needs. You will almost certainly get more value from your points by transferring to a rewards program and booking international travel. I value international business class and can book rewards tix to Europe for 60k/70k UR points each way (by transferring to Uni...
by DrivingFun
Sun Jan 06, 2019 11:36 am
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 271
Views: 25801

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

The one thing I have not heard mentioned is you should try to get a new job that pays more. The economy is still in good shape, see who might be hiring. A 20% pay increase would make a lot of your problems go away. Wouldn't change the mindset, though. Let's get the premium cable package. And an iPh...
by DrivingFun
Sun Jan 06, 2019 9:02 am
Forum: Personal Consumer Issues
Topic: best cheap printer
Replies: 80
Views: 6649

Re: best cheap printer

Unless you absolutely need photo quality prints, I would never get another inkjet. It's one of the biggest rackets out there. I don't know why I waited so many years to go laser myself.
by DrivingFun
Sun Jan 06, 2019 8:55 am
Forum: Investing - Theory, News & General
Topic: Traditional 401K vs Roth 401k
Replies: 60
Views: 4973

Re: Traditional 401K vs Roth 401k

The choice isn't as easy as many here want to make it out to be. It really depends on a lot of individual factors. Factors favoring traditional: - high current marginal rate - plans to retire early and do Roth conversions prior to SS - fully committed to taking traditional tax savings and putting i...
by DrivingFun
Thu Jan 03, 2019 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Alliant CU 3/2.5% Visa application process
Replies: 18
Views: 1611

Re: Alliant CU 3/2.5% Visa application process

It has been my main card for nearly a year. I don't mess around with Chase and all the travel points since I don't travel enough to take advantage of accumulating them. I don't recall having any issues with the application process. Customer service is definitely third party. Their website is third r...
by DrivingFun
Sun Dec 30, 2018 1:44 pm
Forum: Personal Investments
Topic: Opinions sought $3.5 M Net Worth
Replies: 76
Views: 10303

Re: Opinions sought $3.5 M Net Worth

Any thoughts? Will I just have to keep working till I die? Really?? :oops: I hope you were kidding with that last question. I honestly wrestle with whether these posts are brilliant trolling or absolute stu... On one side I refuse to believe that someone who makes 400k/yr can be this um dull, so it...
by DrivingFun
Fri Dec 28, 2018 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: How to afford a sports car?
Replies: 128
Views: 10280

Re: How to afford a sports car?

I feel very frustrated because I feel that it was not worth spending 4 years of my life to go to school, to earn more money, and pay back loans, when I could have learned some trade in 6 months and made comparable money and had my car today? I hate to be "that guy" but is any of this real...
by DrivingFun
Tue Dec 25, 2018 8:40 am
Forum: Investing - Theory, News & General
Topic: Now is the time to REJOICE!
Replies: 102
Views: 12611

Re: Now is the time to REJOICE!

Those looking to rejoice should head to Vegas with their play money. It has nothing to do with play money. It has everything to do with age, relatively low net worth, and high earning years. Not sure why this is so puzzling to so many. Yes it's very possibly in bad taste as many posters on this boa...
by DrivingFun
Sat Dec 22, 2018 9:05 am
Forum: Investing - Theory, News & General
Topic: Pay off mortgage in higher interest rate environment
Replies: 9
Views: 1409

Re: Pay off mortgage in higher interest rate environment

Owing money on a mortgage is equivalent to shorting a bond and taking out a call option to cover your position. Paying more than the mortgage minimum is exercising the option. The embedded option starts fairly deep in the money, but loses out as interest rates rise and profiting off paying the mort...
by DrivingFun
Sat Dec 22, 2018 8:33 am
Forum: Investing - Theory, News & General
Topic: All the "should I be 100% stocks" threads over the last year.
Replies: 185
Views: 17058

Re: All the "should I be 100% stocks" threads over the last year.

No offense but this is a pretty low quality post. Most of us that are 90%-100% equities are young and have decades until retirement. A 15%-20% drop is an opportunity if anything. Not even sure the point you're trying to make. The fact that the thread starter posted and went away almost seems like a ...
by DrivingFun
Fri Dec 21, 2018 4:37 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22104
Views: 2943723

Re: U.S. stocks in free fall

LiterallyIronic wrote: Fri Dec 21, 2018 4:10 pmWill it keep falling? Will this be my chance to actually catch a run-up? Could be.
No one knows obviously. It's safe to say however that these come and go every say 10 years. You're going to ride through several before you retire, that's pretty safe to say.
by DrivingFun
Fri Dec 21, 2018 3:32 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22104
Views: 2943723

Re: U.S. stocks in free fall

As long as jobs are safe, we can handle the market swings. That right there is the most important thing for us youngsters. I think many of us in our prime earning years are hush hush rooting for a nice bear as we're constantly dumping fresh money into our investment accounts. But being in your mid ...
by DrivingFun
Sun Dec 16, 2018 7:14 pm
Forum: Personal Consumer Issues
Topic: How much do you pay for internet only?
Replies: 79
Views: 6290

Re: How much do you pay for internet only?

Prices don't translate from area to area unfortunately. It's all about the competition in the area. Where I am it seems to be $50 for 75mbit with a 2 year contract.
by DrivingFun
Sun Dec 02, 2018 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Too Much Savings Regret
Replies: 112
Views: 18578

Re: Too Much Savings Regret

It's common to read on this forum about doomsday scenarios and how you need some ungodly amount of money to make it in retirement. The reality is most of the people we know somehow make it on far, far less. Don't get me wrong, by the nature of me being on this forum I as well tend to lean towards sa...
by DrivingFun
Sun Dec 02, 2018 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Ally CC Offer
Replies: 32
Views: 3944

Re: Ally CC Offer

2.2% cash back on gas and groceries only, 1.1% on everything else is pretty terrible. I'm using BoA premium rewards and BoA cash rewards with platinum honors. This setup gives: 5.25% for gas 3.5% for travel, dining and grocery 2.625% for regular spend I also received $762.50 in new cardmember bonus...
by DrivingFun
Sun Dec 02, 2018 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Ally CC Offer
Replies: 32
Views: 3944

Re: Ally CC Offer

arf30 wrote: Sat Dec 01, 2018 5:02 pm Alliant CU has a 2% no annual fee card now as well, although I've never had an account there so I can't speak from personal experience.
Of course they still have their 3/2.5% card with a $59 fee after the first year. For most people that spend thousands per month that's a pretty great choice.