Search found 2797 matches

by unclescrooge
Tue Jan 15, 2019 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 90
Views: 9535

Re: Millionaire by 40 and How you Did it?

I also met my DW when I was 31 and we got married when I was 35. We had our first kid a couple of years later. Both DW and I went to "cheap" state universities and had no debts from our education. We had decent jobs and were good at postponing gratification. Except for nice vacations, we lived belo...
by unclescrooge
Tue Jan 15, 2019 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 90
Views: 9535

Re: Millionaire by 40 and How you Did it?

It is not as hard as you think. My family and I immigrated to the U.S when I was 8 years old. Both my brother and I became a millionaire before 40. Here is my story: - graduated from grad school in my late 20s during the Great Recession - had about 150 k in student loan debt - found a good paying c...
by unclescrooge
Mon Jan 14, 2019 1:04 am
Forum: Investing - Theory, News & General
Topic: Did you ever "win" big?
Replies: 133
Views: 9455

Re: Did you ever "win" big?

What was his 2017 returns? Some people are delusional. There is a saying about there being 2 types of people. Those that lie to others and those that lie to them themselves. I didn't know who is worse. 2017 was a great year for me and I'm sure most people, though I admit I underperformed simple buy...
by unclescrooge
Sun Jan 13, 2019 11:21 pm
Forum: Investing - Theory, News & General
Topic: Did you ever "win" big?
Replies: 133
Views: 9455

Re: Did you ever "win" big?

I would urge anyone reading this thread to consider a few things I have observed about men, specifically, in their conversation with other men (I cannot really speak to the female gender case). Men pretty much always lie or exaggerate about certain things. My benchmark for this is my close friends,...
by unclescrooge
Sun Jan 13, 2019 4:52 pm
Forum: Personal Consumer Issues
Topic: How do I stop jeans from ripping in the thighs?
Replies: 65
Views: 3804

Re: How do I stop jeans from ripping in the thighs?

Are we talking about a Bruce Banner type situation?

If so maybe getting jeans with a stretchable fabric might work.

Or just wear spandex.
by unclescrooge
Sun Jan 13, 2019 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: What is right place for MLPs in portfolios?
Replies: 20
Views: 1331

Re: What is right place for MLPs in portfolios?

PFInterest wrote:
Sun Sep 23, 2018 4:31 pm
My Little Ponies are best kept in taxable.
I thought my little ponies were best kept in a stable. :mrgreen:
by unclescrooge
Sun Jan 13, 2019 2:14 am
Forum: Investing - Help with Personal Investments
Topic: Vanguards recommends investors to increase international (non-US) stock holdings to 40% ?
Replies: 74
Views: 6636

Re: Vanguards recommends investors to increase international (non-US) stock holdings to 40% ?

At the other extreme, some argue that an international allocation is unnecessary. Mr. Bogle was very frank in his reasoning to avoid foreign stocks. He certainly knew what he was talking about on this one among many other things. Smart man. Just because someone is brilliant doesn't mean they can't ...
by unclescrooge
Sat Jan 12, 2019 11:42 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguards recommends investors to increase international (non-US) stock holdings to 40% ?
Replies: 74
Views: 6636

Re: Vanguards recommends investors to increase international (non-US) stock holdings to 40% ?

l1am wrote:
Fri Jan 11, 2019 6:19 pm
Past performance is not an indicator to future results - but how far do you take this?

US vs INTL

Image
Plot in a log scale and consider mean reversion.

And then rebalance into international stocks.
by unclescrooge
Sat Jan 12, 2019 11:36 pm
Forum: Investing - Theory, News & General
Topic: pros and cons of target date funds?
Replies: 62
Views: 7325

Re: pros and cons of target date funds?

What is wrong with target date funds? What are some cons for those who choose not to use them and why others who use them feel the pros outweigh the cons? I see a lot of investors utilizing multiple funds - the lists are long on these posts and I dont know one from the other vtsx this vtsy that- it...
by unclescrooge
Sat Jan 12, 2019 8:51 pm
Forum: Investing - Theory, News & General
Topic: Are REITs better to purchase when interest rates are high or low?
Replies: 64
Views: 4256

Re: Are REITs better to purchase when interest rates are high or low?

There is a big difference between choosing to work / because you want to, and having to work / because you must. I disagree with your RE investment analysis. If expenses such as insurance rise, so do rents (inflation - parts, labor, and rents are all prices on something, and prices slowly go up ove...
by unclescrooge
Sat Jan 12, 2019 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover - why checks instead of wiring funds?
Replies: 35
Views: 1412

Re: Rollover - why checks instead of wiring funds?

I would even be surprised if they actually mail the check to Vanguard. The protocol in the vast majority of cases is to make the check payable to Vanguard FBO your account and mail it to you for forwarding to Vanguard. Generally, the only time the rollover is electronic is if the Administrator/Reco...
by unclescrooge
Sat Jan 12, 2019 12:02 pm
Forum: Personal Consumer Issues
Topic: Elliptical recommendation under 2k
Replies: 13
Views: 739

Re: Elliptical recommendation under 2k

I cant help with specific models, but will offer this: wait until July or August and check craigslist. About then, all the people who bought new exercise equipment as a new years resolution and used it 3 times will want it out of their spare room. +1 I bought mine on Craiglist for $200. I think it ...
by unclescrooge
Sat Jan 12, 2019 11:58 am
Forum: Investing - Theory, News & General
Topic: Are REITs better to purchase when interest rates are high or low?
Replies: 64
Views: 4256

Re: Are REITs better to purchase when interest rates are high or low?

What about diversification? I would be terrified to own a property and then have a major repair. Repair costs are factored into your analysis. 5% repair 5% vacancy 8% property management cost (whether or not you manage yourself) of gross rents, if it still cash flows then you have a great investmen...
by unclescrooge
Fri Jan 11, 2019 2:26 pm
Forum: Investing - Theory, News & General
Topic: Did you ever "win" big?
Replies: 133
Views: 9455

Re: Did you ever "win" big?

Yes. 40 years I met my wife, married her 38 years ago. Most who "won big" on a stock lost more on other stocks. I sold Amazon at $20 after years and years of waiting. That showed me to never invest in individual stocks again. +1 I had stock options that expired worthless in 2000. Replaced with RSUs...
by unclescrooge
Fri Jan 11, 2019 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: Biggest Investment Mistake
Replies: 161
Views: 9936

Re: Biggest Investment Mistake

Chasing dividends back in the early 2000s. Eventually ended up investing in Canadian unit trusts (forget the name) and then the tax laws changed and they got massacred. Lost $50k. Lost $50k speculating in someone else's development deals. Lost $25k investing in someone else's web business. Lost $100...
by unclescrooge
Fri Jan 11, 2019 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 90
Views: 9535

Re: Millionaire by 40 and How you Did it?

Finished residency at age 29. Worked in emergency medicine for above average compensation in a LCOL area. Saved over half of my income. Pretty simple formula. Funny how medicine works. You get paid above average wages in MCOL/LCOL areas, but below average in HCOL. My wife could make 50% more if we ...
by unclescrooge
Fri Jan 11, 2019 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 90
Views: 9535

Re: Millionaire by 40 and How you Did it?

Born into a stable family that pushed me into a useful degree like engineering, and not art which was my first choice, and paid for undergrad. Paid for 1/3rd of engineering grad school too. I covered the rest through internships and jobs. Graduated into the tech recession, and found under paying job...
by unclescrooge
Fri Jan 11, 2019 11:25 am
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 217
Views: 9565

Re: Disciplined with finances, but not so with diet

I lost 12lbs last year. Instead of focusing on cutting foods, I added an avocado and a can of black beans a day. The beans have a lot of fiber and the avocado a lot of fat. Both of which keep you full. This is a highly effective strategy. We just buy green avocados and let them ripen on the counter...
by unclescrooge
Thu Jan 10, 2019 11:20 pm
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 217
Views: 9565

Re: Disciplined with finances, but not so with diet

Any bogleheads any diet wisdom? I've always been disciplined with saving money but can't seem to apply the same discipline to my diet. I have tried weight watchers, Jenny Craig, beach body, keto, my fitness pal...I lack discipline and get hungry. Just this week I decided to start eating the same th...
by unclescrooge
Thu Jan 10, 2019 11:17 pm
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 217
Views: 9565

Re: Disciplined with finances, but not so with diet

I had an ankle injury 5 years ago that has diminished my ability to exercise. I saw a nutritionist who advised me that as a post-menopausal woman who can't do a lot of exercise, the chances of my losing weight and maintaining were pretty much nil. (I am usually at 7000-8000 steps per day, more than...
by unclescrooge
Thu Jan 10, 2019 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Building Wealth Through Home Equity--Myth or Reality?
Replies: 94
Views: 6025

Re: Building Wealth Through Home Equity--Myth or Reality?

When your house is your largest asset, it is often your only asset.
by unclescrooge
Thu Jan 10, 2019 1:47 am
Forum: Personal Finance (Not Investing)
Topic: ug - seeking medical billing advice for ambulance ride
Replies: 45
Views: 3342

Re: ug - seeking medical billing advice for ambulance ride

Air ambulances are overutilized. I'm medical director of several fire departments, and I review every request for a helicopter. We have trauma and comprehensive stroke/cardiac centers <25 miles from nearly every part of each county where I'm medical director. The time savings for using a helicopter...
by unclescrooge
Wed Jan 09, 2019 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Child # 3 - seeking advice from older members
Replies: 87
Views: 6383

Re: Child # 3 - seeking advice from older members

Sounds odd but almost waiting for the day my daughter becomes a teenager and shuts the door on my face to get some peace and quiet. I totally understand. It'll be a bitter sweet moment for me, and probably just a bitter moment for my wife. After the first kid, when my wife got pregnant again, we so...
by unclescrooge
Wed Jan 09, 2019 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Child # 3 - seeking advice from older members
Replies: 87
Views: 6383

Re: Child # 3 - seeking advice from older members

This post is timely as my wife and I are debating having a third. Well, she's doing the debating and I'm just saying no. Between 2 kids (1.8 and 3.8 years old) and a dog, at least one of whom and sometimes two will wake up in the middle of the night, every single night for the past 4 years, at least...
by unclescrooge
Wed Jan 09, 2019 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Child # 3 - seeking advice from older members
Replies: 87
Views: 6383

Re: Child # 3 - seeking advice from older members

I went to a dermatologist today and he has 8 kids, make 3 kids seems small in comparison. The CEO of my employer has 12, 10 of which work for the company. He's worth well into 9-figures, just donated enough to have a new building at the local university named after him, and they still live in the r...
by unclescrooge
Wed Jan 09, 2019 8:10 am
Forum: Personal Finance (Not Investing)
Topic: What are my options with the current mortgage?
Replies: 35
Views: 1997

Re: What are my options with the current mortgage?

surfstar, yes I live in a state/county where the SALT is in effect. Another reason I started looking into my options for prepaying. You're right around the point where a 15% decline in your mortgage balance will mean your itemizations are the same or lower than the standard deduction. I would do no...
by unclescrooge
Wed Jan 09, 2019 7:59 am
Forum: Personal Finance (Not Investing)
Topic: FYI: Yodlee sells your anonymized data to hedge funds
Replies: 7
Views: 753

Re: FYI: Yodlee sells your anonymized data to hedge funds

I don't care who sees my my truly anonymized data. I care a lot about who has the ability to log in to my various financial accounts. Given the rate of hacking I assume that signing up for one of these services is the same as turning all those identified individual data over to criminals. The minor...
by unclescrooge
Wed Jan 09, 2019 7:39 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Advisory Fee Options: Sell My Positions or Bill Me?
Replies: 12
Views: 576

Re: Vanguard Advisory Fee Options: Sell My Positions or Bill Me?

Your portfolio generates income via dividends and bond coupons. Usually greater than the 0.3% annual fee. In case there was not enough cash, they probably sold to rebalance your pottolio. I think you're over-reacting. Maybe it's time to cut the cord and self manage? Well, I am definitely a little e...
by unclescrooge
Tue Jan 08, 2019 10:41 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Advisory Fee Options: Sell My Positions or Bill Me?
Replies: 12
Views: 576

Re: Vanguard Advisory Fee Options: Sell My Positions or Bill Me?

Your portfolio generates income via dividends and bond coupons.
Usually greater than the 0.3% annual fee. In case there was not enough cash, they probably sold to rebalance your pottolio.
I think you're over-reacting. Maybe it's time to cut the cord and self manage?
by unclescrooge
Tue Jan 08, 2019 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: Preservation of capital at Age 93
Replies: 25
Views: 2914

Re: Preservation of capital at Age 93

Congrats on reaching 93 with more assets than than most people start retirement!!!

If you have no need for the money, and it's meant for your daughter, shouldn't it be invested based on her asset allocation?
by unclescrooge
Tue Jan 08, 2019 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: What are my options with the current mortgage?
Replies: 35
Views: 1997

Re: What are my options with the current mortgage?

What's stopping you from paying as if it was a 15 year mortgage?

If you pay $4,290 every month the mortgage will be fully paid off in 15 years. If you pay $5,912 it will be paid off in 10 years.

I don't understand why you sound so upset.
by unclescrooge
Tue Jan 08, 2019 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Are we at "Peak FI"?
Replies: 93
Views: 9833

Re: Are we at "Peak FI"?

As far as FIRE is concerned, yes the bull run made it possible. The lifestyle of frugality and high to extremely saving (20% to over 50% of gross income) is likely here to stay. I graduated University in 2008, the worst possible time for a new graduate and was underemployed for many years despite t...
by unclescrooge
Tue Jan 08, 2019 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Are we at "Peak FI"?
Replies: 93
Views: 9833

Re: Are we at "Peak FI"?

FIRE has always been here. The only thing remotely new is the acronym. What is new is that the internet allows small subsets of the population to connect easier and build a community. You get a 1000 people with a shared interest and you can get a lively message board going. A 10-15 year period of l...
by unclescrooge
Tue Jan 08, 2019 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Are we at "Peak FI"?
Replies: 93
Views: 9833

Re: Are we at "Peak FI"?

I'd like to second Gibby's sentiments. I'm a millenial who has lurked here for about 5 years and learned very, very much, but I'm always a little amazed at the lack of empathy from the older crowd here. Most of the people in the FIRE "movement" are bogleheadish, frugile kids who want to handle thei...
by unclescrooge
Tue Jan 08, 2019 12:14 am
Forum: Personal Finance (Not Investing)
Topic: Dissolving Ric-E Trust
Replies: 56
Views: 7234

Re: Liquidating Ric-E Trust

How unfortunate for your mother. And as you know she meant well for you. I dug this up, so I can see anyone falling for it back then. It turned out to be a period of excess in the markets. http://www.washingtonpost.com/wp-srv/business/talk/transcripts/singletary/singletary072799.htm The old article...
by unclescrooge
Tue Jan 08, 2019 12:00 am
Forum: Personal Consumer Issues
Topic: How did store know what exact coupons to mail me?
Replies: 23
Views: 2229

Re: How did store know what exact coupons to mail me?

Thanks for the responses! But I think the store knows what you bought with a credit card and who the credit card belongs to. Still don't see how they got my address; my name is not uncommon in the metro area I live in. Based on your name and zipcode it's easy to find your address and they already k...
by unclescrooge
Mon Jan 07, 2019 9:49 pm
Forum: Investing - Help with Personal Investments
Topic: Employee Share Purchase Plan - New benefit
Replies: 16
Views: 675

Re: Employee Share Purchase Plan - New benefit

Nate79 wrote:
Mon Jan 07, 2019 6:41 pm
Nope. The 1 year holding period would have me at a hard pass.
+1
by unclescrooge
Mon Jan 07, 2019 8:56 pm
Forum: Investing - Theory, News & General
Topic: A cursory look at valuations
Replies: 19
Views: 1591

Re: A cursory look at valuations

Valuing stocks based solely on P/E makes as much sense as determining you health only by taking your temperature. There are a lot more factors to be considered. Yes!. Like the ever important interest rates, which are at vey low levels. What else you have in mind? Kindly elaborate. H :greedy When I ...
by unclescrooge
Mon Jan 07, 2019 7:16 pm
Forum: Personal Consumer Issues
Topic: How did store know what exact coupons to mail me?
Replies: 23
Views: 2229

Re: How did store know what exact coupons to mail me?

The CC company doesn't have to hand over any information. The CC has your name on it, and they could use the cc number as a unique identifier, if you're not already using your phone number or rewards program. Based on your name and zipcode it's easy to find your address and they already know what yo...
by unclescrooge
Sun Jan 06, 2019 8:47 pm
Forum: Personal Consumer Issues
Topic: Thoughts on Buying a Ryan Home?
Replies: 30
Views: 3061

Re: Thoughts on Buying a Ryan Home?

While I can't speak to the quality of homes, if the same parent company is building homes in your area, I would expect there to be overlap in the subs.

And the workmanship depends on which subs are hired.
by unclescrooge
Sun Jan 06, 2019 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Help me choose a co-op buyer!
Replies: 11
Views: 1186

Re: Help me choose a co-op buyer!

Do you know anyone on the board you can ask?
by unclescrooge
Sun Jan 06, 2019 1:38 pm
Forum: Personal Consumer Issues
Topic: How often do you deep clean?
Replies: 52
Views: 2370

Re: How often do you deep clean?

Cleaner may not always be better. I won't post here to avoid running afoul of the medical advice prohibition but those who are interested can Google "hygiene hypothesis" and allergies and if you really want a shocker "hygiene hypothesis" and leukemia. I don’t need to google. I used to live next to ...
by unclescrooge
Sun Jan 06, 2019 11:31 am
Forum: Personal Consumer Issues
Topic: Engagement Ring (Affordable)
Replies: 138
Views: 7235

Re: Engagement Ring (Affordable)

https://youtu.be/_ughfAcTFPY Video of CZ vs diamond side by side in different lighting. I don't think they look the same at all, especially if the diamond is well cut or a so-called super ideal cut. There are different quality levels of CZ. For all I know that could be the bargain basement low-qual...
by unclescrooge
Sat Jan 05, 2019 1:51 am
Forum: Personal Consumer Issues
Topic: master suite features for addition
Replies: 66
Views: 3364

Re: master suite features for addition

Hi all, I used the search box to find some help and found a thread regarding features people liked/disliked about their house addition but did not find one specific to a master suite. We are putting on a master suite addition and are keeping it relatively simple but would like some suggestions from...
by unclescrooge
Sat Jan 05, 2019 1:49 am
Forum: Personal Consumer Issues
Topic: master suite features for addition
Replies: 66
Views: 3364

Re: master suite features for addition

Things we have and love (we didn’t design this, but it came with everything we wanted) His and hers vanity (guess whose is bigger) His and hers walk in closets (guess whose is bigger) Heated, jetted tub. Again, guess who loves it more? Heated tile floors. Heated shower floors. Really nice. walk in ...
by unclescrooge
Sat Jan 05, 2019 1:47 am
Forum: Personal Consumer Issues
Topic: master suite features for addition
Replies: 66
Views: 3364

Re: master suite features for addition

I'm not typically squeamish or germophobic, but the concept of my clothes closet being IN the master bath area - even if there's a separate WC with door - totally grosses me out, and I'd never buy a home with such a configuration. I realize this configuration is a modern trend of late and maybe it'...
by unclescrooge
Fri Jan 04, 2019 6:26 pm
Forum: Personal Consumer Issues
Topic: Which Compact SUV Should I Buy?
Replies: 177
Views: 9189

Re: Which Compact SUV Should I Buy?

If you like your Volvo the new XC60 is a stunning upgrade from your generation, although it's a bit more than you were looking to spend, and there aren't too many on the used market yet. I would start with driving one of those and see what you think. Perhaps you'd be inclined to wait another year o...
by unclescrooge
Fri Jan 04, 2019 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Recent Engineering College Graduate can’t get job interviews, needs advice
Replies: 145
Views: 10773

Re: Recent Engineering College Graduate can’t get job interviews, needs advice

Find a recruiter in his field and get the recruiter's advice. Plus, the recruiter may have inside connections to jobs never posted on the web. We didn't think of this, we thought recruiters are for people already working. Thanks for your suggestion. I've personally found recruiters to be useless un...
by unclescrooge
Thu Jan 03, 2019 2:02 pm
Forum: Personal Consumer Issues
Topic: Engagement Ring (Affordable)
Replies: 138
Views: 7235

Re: Engagement Ring (Affordable)

+1 for Costco If you can't stomach 10k, how much do you want to spend? If you get the rock from a place like Blue Nile you can get it mounted on a ring of your choice at a local jeweler. You'll save a ton over buying a ready-made ring. (eg. I paid $3k for a 1-ct high quality diamond plus $500 for t...
by unclescrooge
Thu Jan 03, 2019 2:53 am
Forum: Investing - Help with Personal Investments
Topic: Delaying retirement just to help adult children
Replies: 66
Views: 6124

Re: Delaying retirement just to help adult children

I think some people are just hard wired to keep working. example 1: My BIL finally found his footing at 40 and my FIL has been paying a few thousand a month to help support his son and granddaughter. My FIL retired a couple of years ago, but still works a 2 days a week from home and 1 day in the off...