Search found 26 matches

by skinsfan
Mon Oct 12, 2020 8:58 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks - 5-10% of Portfolio "Play Money" - YES or NO?
Replies: 91
Views: 5204

Re: Individual Stocks - 5-10% of Portfolio "Play Money" - YES or NO?

I'm in a similar situation as you and I recently decided to take a similar approach. I took about 2% and invested in one company that I think has potential for outsized returns. My rationale is that my overall future outlook won't be significantly impacted if that 2% underperforms the market or even...
by skinsfan
Fri Jul 10, 2020 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9391
Views: 656506

Re: Refinance Mega Thread

I just received a quote of 3.125% on a 30 year refi from LD with just under $3,000 in closing costs (which can be rolled into the monthly payments). Ideally I wanted to do a no-cost refi but that wasn't an option based on my current rates. Any other places I should consider shopping around? I curre...
by skinsfan
Fri Jul 10, 2020 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9391
Views: 656506

Re: Refinance Mega Thread

I just received a quote of 3.125% on a 30 year refi from LD with just under $3,000 in closing costs (which can be rolled into the monthly payments). Ideally I wanted to do a no-cost refi but that wasn't an option based on my current rates. Any other places I should consider shopping around? I curre...
by skinsfan
Fri Jul 10, 2020 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9391
Views: 656506

Re: Refinance Mega Thread

I just received a quote of 3.125% on a 30 year refi from LD with just under $3,000 in closing costs (which can be rolled into the monthly payments). Ideally I wanted to do a no-cost refi but that wasn't an option based on my current rates. Any other places I should consider shopping around? I curren...
by skinsfan
Fri Aug 09, 2019 12:04 pm
Forum: Personal Consumer Issues
Topic: Critique my exercise routine because it's not working for me
Replies: 160
Views: 11535

Re: Critique my exercise routine because it's not working for me

I agree with others, in my experience weight loss is 90% diet, 10% exercise. Two thoughts: 1. You may be underestimating how many calories you're actually consuming. This is very common unless you're tracking every thing you eat and drink with precision. 2. If you actually are consuming 2000 calorie...
by skinsfan
Thu Aug 01, 2019 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Why won’t anyone hire me?
Replies: 156
Views: 16574

Re: Why won’t anyone hire me?

I don't think you're doing anything wrong. I actually think you're doing a lot right. It can be really hard to get a job when you've been out of the work force for years. Applying to 100 positions and 20 interviews is really impressive and will contribute to your growth. I would keep that up and con...
by skinsfan
Sat Jul 06, 2019 9:49 pm
Forum: Personal Investments
Topic: 25 years to retirement, advice on speeding up growth?
Replies: 62
Views: 5952

Re: 25 years to retirement, advice on speeding up growth?

If you don't change anything with your current situation, your options for increasing risk are very speculative. You can speculate on individual stocks or buy some crypto-currency for example. But there is a very real chance that your returns would be worse than your current investments. Also much g...
by skinsfan
Fri Jun 07, 2019 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Household Assistant/Helper
Replies: 10
Views: 1646

Re: Household Assistant/Helper

There are more than 20 states where the cost of child care exceeds the average mortgage according to a recent article. What you want is understandable, but complex. An employee with a job description you mention essentially becomes a part of the family, and the balance between employee and respecte...
by skinsfan
Fri Jun 07, 2019 6:38 am
Forum: Personal Finance (Not Investing)
Topic: Household Assistant/Helper
Replies: 10
Views: 1646

Re: Household Assistant/Helper

Thanks everyone. I guess this is sort of a nannie/ housekeeper hybrid. I'll check out care.com and see what I can find.
by skinsfan
Thu Jun 06, 2019 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Household Assistant/Helper
Replies: 10
Views: 1646

Household Assistant/Helper

I've been thinking about how helpful it would be to have a helper or assistant around the house. My wife and I both work full time and want to prioritize and maximize time doing things that are important to us including: 1) spending time with our young family, 2) being fully focused on work while wo...
by skinsfan
Thu Jun 06, 2019 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Highly appreciated whiskies
Replies: 34
Views: 3847

Re: Highly appreciated whiskies

If it were me I'd probably sell some and keep some, at least one of each bottle. I've built up a small bourbon collection and I would love to have a some $500 bottles that I only paid $100 for (my price point is usually $30-$50).
by skinsfan
Sun Mar 24, 2019 8:38 pm
Forum: Personal Consumer Issues
Topic: Inspection Negotiations for New Home Purchase
Replies: 25
Views: 1878

Re: Inspection Negotiations for New Home Purchase

If it were me I wouldn’t have done any communication until all inspections (including septic) are done. It’s clunky to negotiate piece by piece. The garage door one is the only one I would consider if I were a seller, and that depends upon what it exactly is - does the door function? This may have ...
by skinsfan
Sun Mar 24, 2019 7:57 pm
Forum: Personal Consumer Issues
Topic: Inspection Negotiations for New Home Purchase
Replies: 25
Views: 1878

Re: Inspection Negotiations for New Home Purchase

Personally I would not under any circumstances want to be left with a pool table, those can be major pain in the rear to get rid of. I'm guessing the tractor is kinda old or junky, otherwise they would sell it. For repairs I generally want the seller to give me a credit at closing, otherwise the se...
by skinsfan
Sun Mar 24, 2019 7:52 pm
Forum: Personal Consumer Issues
Topic: Inspection Negotiations for New Home Purchase
Replies: 25
Views: 1878

Re: Inspection Negotiations for New Home Purchase

As the seller, I would have said no to all of those items either. I'm not renovating a home I am selling during contingencies; asking for a lot to be graded and catwalks to be built is just beyond the pale. I agree. My general rule is that only things that should be asked for/given after an inspect...
by skinsfan
Sun Mar 24, 2019 2:55 pm
Forum: Personal Consumer Issues
Topic: Inspection Negotiations for New Home Purchase
Replies: 25
Views: 1878

Inspection Negotiations for New Home Purchase

We are under contract on a new home and just went through the inspection process. There was a total of three offers on the house including ours and the seller accepted our offer at the asking price. They countered for a 60 day closing that we accepted without asking anything in return. When we arriv...
by skinsfan
Sat Mar 09, 2019 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Will and trust....software or attorney?
Replies: 41
Views: 3968

Re: Will and trust....software or attorney?

I went through this somewhat recently. As others have said, one of the benefits of using an attorney was to help me understand what was best for my family. I went in thinking that I wanted to set up a will and living trust. Our lawyer helped us understand that a living trust really wasn't necessary ...
by skinsfan
Thu Dec 13, 2018 11:55 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp Interview Advice
Replies: 12
Views: 1891

Re: Megacorp Interview Advice

I've worked at a megacorp for 26 years. In my experience, interviews for internal postings are pure theater. Hiring decisions are made long before the interviews and the interviews are held for two reasons: to comply with company policy that interviews be held, and to shield the company from potent...
by skinsfan
Thu Dec 13, 2018 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp Interview Advice
Replies: 12
Views: 1891

Re: Megacorp Interview Advice

Based on my Megacorp experience this is where you need to spend some political capital with your internal Advocates. Do you have any mentors/advocates within the company or other internal business partners customers you've worked with or supported that can vouch for your work ethic, experience, rep...
by skinsfan
Wed Dec 12, 2018 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp Interview Advice
Replies: 12
Views: 1891

Megacorp Interview Advice

I am looking for advice from people who have worked their way up the career ladder at megacorps. I am currently a sr. manager at a megacorp and am in the running for a director level position in a different department/business unit. Based on a conversation I had with the hiring manager who is the de...
by skinsfan
Mon Sep 17, 2018 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Revocable Living Trust vs. Will with Kids Trust
Replies: 5
Views: 811

Re: Revocable Living Trust vs. Will with Kids Trust

I have, as have about 90% of my clients. Except we only name beneficiaries for life insurance and retirement benefits. Revocable trusts make sense in some cases and in some states. Is there some particular reason one would make sense in your case? The only reason is I've seen many people recommendi...
by skinsfan
Mon Sep 17, 2018 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Revocable Living Trust vs. Will with Kids Trust
Replies: 5
Views: 811

Revocable Living Trust vs. Will with Kids Trust

My wife and I recently met with an estate lawyer to set up a will and POAs. Based on my readings on this forum, I went in with the assumption that we would establish a revocable living trust and that's what I told the lawyer. During the initial consult with the lawyer his advise was to set up a kid'...
by skinsfan
Tue Jul 24, 2018 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: What Comes Next After Establishing Personal Finance Basics?
Replies: 14
Views: 2279

Re: What Comes Next After Establishing Personal Finance Basics?

If you're considering a will, you might as well establish a revocable living trust for you and your wife when you speak with an estate attorney. It's easier to add things into the trust as you purchase them rather than re-deed and re-title things later on. This allows you to avoid probate and have ...
by skinsfan
Tue Jul 24, 2018 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: What Comes Next After Establishing Personal Finance Basics?
Replies: 14
Views: 2279

Re: What Comes Next After Establishing Personal Finance Basics?

You definitely need a will. I'd just ask other attorneys or financial professionals I know for a reference. You probably don't need a financial advisor at this point (and I am one). As long as most of your assets are personal (home, cars) and retirement (401ks, IRAs), there is not much incentive fo...
by skinsfan
Tue Jul 24, 2018 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: What Comes Next After Establishing Personal Finance Basics?
Replies: 14
Views: 2279

What Comes Next After Establishing Personal Finance Basics?

I am looking for advice on what comes next after establishing the basics. Background: Married (both 31). One baby (we may have more kid(s)). Combined Income: 220-270k depending on bonuses. 1st income very stable government job, 2nd income relatively stable megacorp job making a little more than the ...
by skinsfan
Sat Jan 05, 2013 2:15 pm
Forum: Personal Investments
Topic: Where to Put Home Down Payment Savings
Replies: 5
Views: 2518

Where to Put Home Down Payment Savings

I have been reading these forums for a couple years, but this is my first post. I have started saving for down payment on a home and my question is, is it worth investing this money? My situation: 25 years old. No debt. Emergency fund. Relatively stable employment, with income ~$60k/year. Contribute...