Search found 210 matches

by nukewerker
Fri Aug 04, 2017 5:26 am
Forum: Personal Finance (Not Investing)
Topic: Should i switch to a 15/1 fixed mortgage
Replies: 6
Views: 930

Re: Should i switch to a 15/1 fixed mortgage

We refinanced with Sebonic/Cardinal last year and have not had any issues. I think all we paid for were the attorney fees and appraisal. I'm not sure why people are unhappy with cardinal. You just login to their webpage and pay like everyone else.
by nukewerker
Sun Jul 30, 2017 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Tesla - next big lottery ticket ?
Replies: 179
Views: 21033

Re: Tesla - next big lottery ticket ?

I bought tesla stock in summer of 2013 when it was $85 ish a share. It proceeded to jump to almost $200/share in short order. Sold it and admit the timing was pure luck. I was hoping for that kind of return in a year or two. But in those cases you take what the market gives and don't look back. I th...
by nukewerker
Fri Jul 21, 2017 4:55 am
Forum: Investing - Theory, News & General
Topic: Continue stock picking or invest in index funds
Replies: 26
Views: 3106

Re: Continue stock picking or invest in index funds

Couple of thoughts from someone who has picked stocks for 17 years now. - You have Apple as 17% of your portfolio. If you bought an S&P 500 fund it would have 3.9% or so of Apple stock in it. - You will never have all winners for the end of time. A single bad pick can bring your average way down. - ...
by nukewerker
Sat Jul 15, 2017 11:42 am
Forum: Investing - Theory, News & General
Topic: How are folks handling the unprecedented rise in the market ?
Replies: 166
Views: 21870

Re: How are folks handling the unprecedented rise in the market ?

Doing nothing. I could easily see the market dropping 30% from here and then we would what be back at November prices? I could also just as easily see <5% changes for the next few years as earnings catch up to prices. Or we could have a super cycle euphoric blowoff and see the dow at 50 or 60k and S...
by nukewerker
Tue Jul 11, 2017 10:27 am
Forum: Personal Consumer Issues
Topic: [Amazon Prime Day]
Replies: 87
Views: 11295

Re: [Amazon Prime Day]

My wife picked up some legos for my sons b-day this month $17 instead of $60. There were some other lego sets that were good prices as well but sold out quickly.
by nukewerker
Thu Jul 06, 2017 5:06 am
Forum: Personal Consumer Issues
Topic: Are you finding any good values at Amazon anymore?
Replies: 169
Views: 20776

Re: Are you finding any good values at Amazon anymore?

As another example I recently mowed over my grass bag catcher on my mower. Amazon was almost a full 20% more expensive and I wasn't even sure the bag was a snapper part no. Ended up getting it from Sears online and it was here in 2 or 3 days. Pretty much all other sites were cheaper, ebay, etc. Amaz...
by nukewerker
Tue Jul 04, 2017 6:02 am
Forum: Personal Consumer Issues
Topic: Are you finding any good values at Amazon anymore?
Replies: 169
Views: 20776

Re: Are you finding any good values at Amazon anymore?

You are not alone. I have started going in stores again during heavy shopping times such as the holidays. Much better deals to be had out there.
by nukewerker
Sat Jun 17, 2017 4:14 am
Forum: Personal Finance (Not Investing)
Topic: Tracking progress to $1M portfolio and no mortgage by 40
Replies: 85
Views: 20026

Re: Tracking progress to $1M portfolio and no mortgage by 40

I made a somewhat similar goal when I was in my late 20s but a little lower threshold. Just wanted a NW of $1 million by 40. When I started I remember our NW being around 80 or 90k. That was a little over 5 years ago. I will turn 35 in a few months and I think were are somewhere around $400k NW. My ...
by nukewerker
Sat May 27, 2017 4:50 am
Forum: Investing - Theory, News & General
Topic: Refinance Mortgage From 30 to 15 OR Invest?
Replies: 46
Views: 5212

Re: Refinance Mortgage From 30 to 15 OR Invest?

Using real numbers (not counting insurance, taxes, pmi, tax credit, etc.) on a 200k loan at 4.5%, ~$300/month goes to the principle each month. So per year you are getting 2% initially. Coupled with the appreciation you might be getting 5% or so return for a lot of hassle/risk. And we are assuming y...
by nukewerker
Sat May 27, 2017 4:34 am
Forum: Investing - Theory, News & General
Topic: Refinance Mortgage From 30 to 15 OR Invest?
Replies: 46
Views: 5212

Re: Refinance Mortgage From 30 to 15 OR Invest?

I missed the part where this is a rental. I change my answer then. I would sell the property. No technical reason just simplifying life and its not that great of an investment over time unless its one of the the odd hit or miss HCOL areas. I would invest the extra and any proceeds from the sale. My...
by nukewerker
Sat May 27, 2017 4:07 am
Forum: Investing - Theory, News & General
Topic: The dot com "do over" bull market?
Replies: 82
Views: 9976

Re: The dot com "do over" bull market?

I am beginning to wonder if the interest rate thing never gets fixed. My reasoning? Look at Japan. You have a falling household savings rate, and a burgeoning government deficit. And that's down to demographics. Could it be that an era of slow growth in labour force (falling in some countries) plus...
by nukewerker
Fri May 26, 2017 4:27 am
Forum: Investing - Theory, News & General
Topic: The dot com "do over" bull market?
Replies: 82
Views: 9976

Re: The dot com "do over" bull market?

This guy appears to be early this time on his bubble break call but to answer your question....everything is over priced from a nominal level. It's an everything asset bubble. Literally everything except gas/energy has gone up....exotic cars, art work, high end housing, rent, debt, corporate debt, s...
by nukewerker
Mon May 22, 2017 8:14 pm
Forum: Investing - Theory, News & General
Topic: Refinance Mortgage From 30 to 15 OR Invest?
Replies: 46
Views: 5212

Re: Refinance Mortgage From 30 to 15 OR Invest?

I missed the part where this is a rental. I change my answer then. I would sell the property. No technical reason just simplifying life and its not that great of an investment over time unless its one of the the odd hit or miss HCOL areas. I would invest the extra and any proceeds from the sale. My...
by nukewerker
Mon May 22, 2017 1:04 pm
Forum: Investing - Theory, News & General
Topic: Refinance Mortgage From 30 to 15 OR Invest?
Replies: 46
Views: 5212

Re: Refinance Mortgage From 30 to 15 OR Invest?

I missed the part where this is a rental. I change my answer then. I would sell the property. No technical reason just simplifying life and its not that great of an investment over time unless its one of the the odd hit or miss HCOL areas. I would invest the extra and any proceeds from the sale. My ...
by nukewerker
Sun May 21, 2017 5:23 am
Forum: Investing - Theory, News & General
Topic: Refinance Mortgage From 30 to 15 OR Invest?
Replies: 46
Views: 5212

Re: Refinance Mortgage From 30 to 15 OR Invest?

We did this last year but had an opportunity to throw 50k at the principle at the time so our payments are roughly $50/month more. Rate was 2.6% at the time, no closing costs. I watch the balance go down by 1300/month and do not regret it one bit. Might sing a different tune in 30 years but I suspec...
by nukewerker
Thu May 11, 2017 2:31 pm
Forum: Personal Consumer Issues
Topic: Home Addition Costs
Replies: 19
Views: 2471

Re: Home Addition Costs

Yeah get some more quotes. It's a little high but reno/addition work is expensive. I was quoted 40k for about 220 s.f with no foundation work, just adding a second story with builder grade carpet, cheap doors and windows.
by nukewerker
Thu May 11, 2017 2:19 pm
Forum: Investing - Theory, News & General
Topic: Did you buy SNAP?
Replies: 116
Views: 12243

Re: Did you buy SNAP?

I bought some puts with my lunch money and that worked out nicely today. :moneybag
by nukewerker
Thu May 11, 2017 4:11 am
Forum: Personal Finance (Not Investing)
Topic: Can you suggest a mortgage lender who does not resell
Replies: 67
Views: 6550

Re: Can you suggest a mortgage lender who does not resell

We refinanced last year with cardinal financial. They had the best rates (2.62% on 15yr) and so far have not sold the servicing of the mortgage. The mortgage itself was sold to fannie or freddie. Don't remember which. But that is pretty standard these days. I think 7 of 10 mortgages go to those guys...
by nukewerker
Mon May 08, 2017 6:12 am
Forum: Personal Consumer Issues
Topic: Mazda CX3 lease... is this a good deal
Replies: 22
Views: 2933

Re: Mazda CX3 lease... is this a good deal

I suspect its a great deal for the dealer. You not so much haha. Seriously. Its about a 20-25k car Interest is not going to be much even over 5 years (if you go with a 60 month loan) And even if you only get half the purchase prices after 3 years (mazda's don't resell well from what I have seen), Yo...
by nukewerker
Mon May 08, 2017 4:36 am
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2017!
Replies: 311
Views: 49426

Re: Roll Call for the Retirement Class of 2017!

Just wanted to share a retirement email I received one time. I thought it was a nice summary and plan to use it one day when my time is up. "Today is my last day. In the ‘39 Groucho Marx’s film “Animal Crackers” Captain Spalding said it best: Hello, I must be going, I cannot stay, I came to say, I ...
by nukewerker
Sun May 07, 2017 4:16 am
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2017!
Replies: 311
Views: 49426

Re: Roll Call for the Retirement Class of 2017!

I have always enjoyed these threads. It gives me hope that one day I will make it there too. As I get ready to start my 13th year of post grad employment and 10th job I am a little discouraged but I just keep plugging away. Maybe this will be the job that takes me 20 years down the road. Just wanted...
by nukewerker
Sun Apr 30, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing with regret
Replies: 102
Views: 11117

Re: Dealing with regret

FWIW I am about where you are for retirement funds ($230k) and am 34. I am projecting about 500-600k in 5 or 6 years. I am also projecting to retire at 55 or so. Worst case is it pushed your retirement back 5 or 6 years. Not the end of the world. Just don't do it again.
by nukewerker
Wed Apr 05, 2017 5:54 am
Forum: Investing - Theory, News & General
Topic: Bankruptcy of Westinghouse Electric
Replies: 79
Views: 9583

Re: Bankruptcy of Westinghouse Electric

I'll also share this. It is the best summary of the dying WEC conglomerate I have found. Its a long read but pretty good with a fresh cup of coffee.

http://old.post-gazette.com/westinghouse/
by nukewerker
Tue Apr 04, 2017 2:41 pm
Forum: Investing - Theory, News & General
Topic: Bankruptcy of Westinghouse Electric
Replies: 79
Views: 9583

Re: Bankruptcy of Westinghouse Electric

I happen to work currently at this company. I could go on and on about WEC and the design, projects, bankruptcy, etc. buuuuut I am not allowed to. I can say this: I had a pretty good job interview Friday. Apparently designing storage units pays the same as nuclear power plants. To the OP: Watch and...
by nukewerker
Tue Apr 04, 2017 4:17 am
Forum: Investing - Theory, News & General
Topic: Bankruptcy of Westinghouse Electric
Replies: 79
Views: 9583

Re: Bankruptcy of Westinghouse Electric

I happen to work currently at this company. I could go on and on about WEC and the design, projects, bankruptcy, etc. buuuuut I am not allowed to. I can say this: I had a pretty good job interview Friday. Apparently designing storage units pays the same as nuclear power plants. To the OP: Watch and ...
by nukewerker
Thu Dec 08, 2016 11:49 am
Forum: Investing - Theory, News & General
Topic: Did anyone buy Fannie Mae stock this week?
Replies: 6
Views: 1571

Re: Did anyone buy Fannie Mae stock this week?

Took a few years (decade) but looks like those lottery tickets may pay out.
by nukewerker
Sat Nov 19, 2016 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 734
Views: 202405

Re: Share your networth progression

These threads are fun and give (at least me) some perspective. I didn't start doing a yearly tracker of net worth until 2009 so the number before that are approximate based on memory. 2005: -$10,000 (Graduated College) 2006: $70,000 ($55,000 from Grandfather for home purchase) 2007: $80,000 2008: $6...
by nukewerker
Fri Oct 07, 2016 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: refinance to 15 year fixed mortgage?
Replies: 11
Views: 1504

Re: refinance to 15 year fixed mortgage?

We are also in the middle of a refi. to a 15 yr. Our total out of pocket costs are $490 for the appraisal. 2.625% rate though. But in your case I might try a 10 yr loan.
by nukewerker
Tue Jul 26, 2016 9:39 am
Forum: Investing - Theory, News & General
Topic: Reliving the Nightmare of the Crisis
Replies: 119
Views: 12469

Re: Reliving the Nightmare of the Crisis

2008 was the next depression. Literally. The only reason it wasn't was because of unprecedented liquidity which was able to be provided since our money system is fiat. The fed was making at its peak 1.2 Trillion PER DAY of overnight loans to thaw the money markets including loans to other countries....
by nukewerker
Fri Jul 22, 2016 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Early retirees, how much did you leave on the table?
Replies: 202
Views: 19506

Re: Early retirees, how much did you leave on the table?

Enough is enough. We get that you like working and are stuck in one more year, for ... how long has it been now? Maybe you're anxious about pulling the plug and not having income coming in. That's fine and perfectly normal. I'm sure it can be scary. You've asked this similar question / vein of thou...
by nukewerker
Wed Jul 13, 2016 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Real career path for a 23 yr old with no college degree
Replies: 50
Views: 7756

Re: Real career path for a 23 yr old with no college degree

I have a cousin that does alarm sales, makes $210k I believe. Around 30. I would assume you are referring to "summer sales". I live in the epicenter of this industry. I actually know the two founders of (what I believe is) the largest alarm sales company on the planet pretty well; talk about a scum...
by nukewerker
Tue Jul 12, 2016 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Real career path for a 23 yr old with no college degree
Replies: 50
Views: 7756

Re: Real career path for a 23 yr old with no college degree

I have a cousin that does alarm sales, makes $210k I believe. Around 30.
by nukewerker
Thu Jul 07, 2016 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Encouragement - Debt pay down
Replies: 17
Views: 1873

Re: Encouragement - Debt pay down

I would not include the mortgage debt in your numbers. Essentially you have car debt and Investment debt. Most investment properties are not investments if there is debt on them. The numbers just aren't that favorable. I would sell it and focus on your car debt. If I included our mortgage debt, I wo...
by nukewerker
Tue Jul 05, 2016 5:10 am
Forum: Personal Finance (Not Investing)
Topic: Please help! Buyer's remorse, need advice
Replies: 104
Views: 12966

Re: Please help! Buyer's remorse, need advice

Should have kept the F150... But I am biased as I just bought one a week or so ago :mrgreen: As far as value though, all trucks except dodges pretty much hold their value. My last truck was a ranger I paid 19k for, drive it for 8 years and put 160k on it and sold it for 9k. Same reason I bought a n...
by nukewerker
Fri Jul 01, 2016 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Please help! Buyer's remorse, need advice
Replies: 104
Views: 12966

Re: Please help! Buyer's remorse, need advice

Should have kept the F150... But I am biased as I just bought one a week or so ago :mrgreen: As far as value though, all trucks except dodges pretty much hold their value. My last truck was a ranger I paid 19k for, drive it for 8 years and put 160k on it and sold it for 9k. Same reason I bought a ne...
by nukewerker
Thu Jun 30, 2016 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Where were you financially when you were at 30?
Replies: 226
Views: 31742

Re: Where were you financially when you were at 30?

I'll bite. At 22 I started my career at $40k At 30 we had a household single income of 87k. Retirement: ~45k Net worth: ~110k Turning 34 soon. Now income is ~160k this year (still single income) Retirement: $170k Net worth: 320k Putting it in perspective, its been a helluva past 3-4 years. Excited t...
by nukewerker
Thu Jun 30, 2016 11:05 am
Forum: Investing - Help with Personal Investments
Topic: I think everyone should look into a home equity line of credit
Replies: 26
Views: 3008

Re: I think everyone should look into a home equity line of credit

They are not a tool for emergency savings. I had one in 2006 that I kept as a "backup" I lost my job in 2008 and within months they closed the account draw period and started repayment of the principle. Credit cards took similar measures and cards that were once 6-8% were being turned into 25-30% in...
by nukewerker
Sat Jun 04, 2016 6:51 am
Forum: Personal Consumer Issues
Topic: Moving to North Carolina from NYC
Replies: 66
Views: 8707

Re: Moving to North Carolina from NYC

I grew up in Durham and live in Charlotte. Durham isn't for everyone haha. It takes a special sort of person to want to live in Durham. But I digress. There are lots of migrants from the north in the big cities but keep in mind these are self-isolated areas. Once you get outside of these portions of...
by nukewerker
Thu May 26, 2016 3:47 am
Forum: Personal Finance (Not Investing)
Topic: Is Real Estate Market going crazy again?
Replies: 101
Views: 12913

Re: Is Real Estate Market going crazy again?

Here in Charlotte NC our house value has gone up over 50k from 2 years ago. I am basing this on sales of the same/similar floor plan as ours since its a typical development. And its not 1 or 2o sale, more like 6-10 direct comps with a mile of our house.
by nukewerker
Sun May 15, 2016 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Factoring potential inheritance in financial planning
Replies: 17
Views: 1993

Re: Factoring potential inheritance in financial planning

...Makes it harder when my mom says "why are you saving so much? You know you are going to inherit a large amount of money right?"... Maybe she's testing you, like the Grail Knight in Indiana Jones and the Last Crusade :D Haha maybe. If so my brother is failing miserably. He spends every last cent ...
by nukewerker
Sun May 15, 2016 6:39 am
Forum: Personal Finance (Not Investing)
Topic: Factoring potential inheritance in financial planning
Replies: 17
Views: 1993

Re: Factoring potential inheritance in financial planning

I don't factor it in specifically but its hard to not think something will come from it. Makes it harder when my mom says "why are you saving so much? You know you are going to inherit a large amount of money right?" Not going into the details but they are probably pretty close to deca-millionaires ...
by nukewerker
Fri Apr 29, 2016 2:19 pm
Forum: Personal Consumer Issues
Topic: Buying a New Car...Is it Unwise?
Replies: 68
Views: 8486

Re: Buying a New Car...Is it Unwise?

I stopped thinking about cars in terms of total cost a while ago. Even if you drive a used paid off car, it costs you every year in depreciation. And it really depends on the car. I've found that trucks in my personal experience are cheaper (~$1000-$1200/yr). I currently have a used SUV that is 10 y...
by nukewerker
Sat Apr 09, 2016 10:13 am
Forum: Personal Consumer Issues
Topic: Buy a house with previously repaired foundation issues?
Replies: 22
Views: 2874

Re: Buy a house with previously repaired foundation issues?

This sounds like more of a Geotechnical Engineer (soils and foundations) issue than structural. Geotechs and Structurals are very similar, in part because they are both civil engineers and each have to take structural/geotech course work. For residential unless its a unique situation, a geotechnica...
by nukewerker
Fri Apr 08, 2016 3:56 pm
Forum: Personal Consumer Issues
Topic: Buy a house with previously repaired foundation issues?
Replies: 22
Views: 2874

Re: Buy a house with previously repaired foundation issues?

Pay a structural engineer to look it and write up a report. They look at this sort of thing all the time. As a structural engineer that has a residential structural engineering company, I wouldn't hesitate to buy a home that has been fixed. Especially if the piers go down to bedrock, ie. as you said...
by nukewerker
Wed Apr 06, 2016 2:42 pm
Forum: Investing - Theory, News & General
Topic: Are you planning to leave an "estate"?
Replies: 74
Views: 9418

Re: Are you planning to leave an "estate"?

Yes of course. My grandfather used to give my dad and my uncle $10,000 at Christmas each year when they were still building wealth but old enough not to squander it completely. I believe it was in their 30s, 40s and maybe up to mid 50s. By then both had their own wealth. When he gave the money he us...
by nukewerker
Wed Mar 30, 2016 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Which Engineering Discipline for the next 20+ years !!!
Replies: 122
Views: 10769

Re: Which Engineering Discipline for the next 20+ years !!!

I dunno...as a civil engineer I make plenty of money imo. Also not all civils are created equal. There are five sub areas of specialization; hydrology, geotechnical, environmental, transportation and structural. Usually you pick a field in school and all your electives are geared towards that area. ...
by nukewerker
Mon Mar 28, 2016 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Your first $100k
Replies: 52
Views: 10364

Re: Your first $100k

Its also worth noting my numbers above are assuming maxing out a 401k, two roth IRAs and another 25k or so in taxable. Also at 22 I was making 40k, now its north of 150k, maybe approaching 200k depending on how hard I want to work this year. And I suspect I can't continue to work 80-100hr work weeks...
by nukewerker
Mon Mar 28, 2016 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Your first $100k
Replies: 52
Views: 10364

Re: Your first $100k

Around 32 was my first 100k. Second should be end of this year at 34 assuming any kind of non-negative return. According to my spreadsheet the next would be around 36, then 37, then 38, 39, etc. You get the idea. Ie. that whole first 100k is the hardest thing.
by nukewerker
Tue Mar 22, 2016 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Early Retirees - What triggered you to retire?
Replies: 97
Views: 14709

Re: Early Retirees - What triggered you to retire?

Unfortunately I am not even close to retiring (Age 33) but I think the answer is two phased; the planning for early retirement (conscious or otherwise) went into place long ago for most. If not, it wouldn't be even an option for most to consider ER. Then the trigger is the second part. For example, ...