Search found 258 matches

by crake
Tue Oct 20, 2020 10:33 am
Forum: Investing - Theory, News & General
Topic: Will it be a burden to file taxes when you sell after 30+ years?
Replies: 17
Views: 1986

Re: Will it be a burden to file taxes when you sell after 30+ years?

The above posters are correct, this is automatically tracked for you by your brokerage. Where it may get annoying is when you try to sell the funds in the most tax efficient manor possible. Ideally you will want to sell the shares with highest basis first to minimize Capital Gains taxes. If you have...
by crake
Mon Aug 31, 2020 1:20 pm
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 261
Views: 28437

Re: My dad has 1 million in Tesla, I told him to cash out, he doesn't want too

How would you feel if your dad cashed out of Tesla and then it doubled in value? How would that affect your relationship? It sounds like like your Dad has done well for himself. Advice on this forum is generally to stay out of others people finances unless they are asking you for help or are activel...
by crake
Thu Aug 20, 2020 8:33 am
Forum: Personal Investments
Topic: Where to put total bond market when you’ve filled up 401k?
Replies: 9
Views: 721

Re: Where to put total bond market when you’ve filled up 401k?

You might get better answers if you post more detailed information about your specific situation. My general answer is more of a comment. If your desired asset allocation is 90/10 and you are maxing your 401k with only bonds that means you must be investing another $195000 dollars per year elsewhere...
by crake
Tue May 05, 2020 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Fees
Replies: 4
Views: 397

Re: HSA Fees

Another option though is to consider opening a Fidelity HSA. Fidelity has no monthly fees for HSAs. Rather than your payroll contribution and/or monthly contribution that you do yourself going to your employer's HSA, you can have it go directly to Fidelity. I could be wrong on this but I am pretty ...
by crake
Wed Apr 01, 2020 10:49 am
Forum: Investing - Theory, News & General
Topic: Buying only top 10 S&P500 companies every year
Replies: 55
Views: 3654

Re: Buying only top 10 S&P500 companies every year

I don't understand why you would want to hold such a portfolio, perhaps if you had some sort of hypothesis about what that portfolio would uniquely do it could be looked at in some other way. The hypothesis is let's see how it performs, then go from there. I still do not understand the point. You h...
by crake
Mon Mar 23, 2020 3:28 pm
Forum: Investing - Theory, News & General
Topic: Need Explanation: Why Locking in Losses is Bad
Replies: 26
Views: 2048

Re: Need Explanation: Why Locking in Losses is Bad

There is nothing incorrect in your friends logic. If you sell your stocks when the are worth $25 per share and buy back in at $20 dollars per share you will have more money than someone who did nothing. That is just a mathematical fact. The problem is doing this in practice is difficult. Stock price...
by crake
Thu Mar 19, 2020 8:56 am
Forum: Investing - Theory, News & General
Topic: Maybe the Bare Essentials Economy Isn't to be Feared (a rather ruminative post)
Replies: 9
Views: 884

Re: Maybe the Bare Essentials Economy Isn't to be Feared (a rather ruminative post)

I say cut sales taxes, cut income taxes, cut property taxes, gas taxes, all consumer taxes, forget about paying IRS this year altogether.......cut out the middle men........ That would have the consequence of benefiting the wealthy and still employed much more than those who need the help the most....
by crake
Mon Mar 16, 2020 1:20 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20716
Views: 2831228

Re: U.S. stocks in free fall

I am amazed at how many "stay the course" folks seem to think the market is alway so smart and always has everything priced in accurately. I was just reading an interview with Ray Dalio and he admits he was totally taken surprise by covid and made big mistakes because of it. If someone as...
by crake
Mon Mar 16, 2020 11:40 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20716
Views: 2831228

Re: U.S. stocks in free fall

Just wanted to post a comment for the historical record. I am still in the stay the course camp. Current desired AA is 84/16 but after Friday I was at about 82/18. I bought about 5k International in my taxable account on the first 10% drop and am continuing to buy stocks every pay day in my retireme...
by crake
Wed Mar 11, 2020 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Unmarried home ownership, joining his preexisting purchase
Replies: 72
Views: 3792

Re: Unmarried home ownership, joining his preexisting purchase

This is a complicated transaction and it sounds like you two don't have all the number quite worked out yet. What do you mean by giving him 35%? 35% of what? 35% of the equity he already has in the house? 35% of the value of the house? 35% of the remaining mortgage? 35% of future expenses? 35% of th...
by crake
Fri Mar 06, 2020 10:50 am
Forum: Personal Consumer Issues
Topic: How is this possible? Is Alexa spying on me?
Replies: 110
Views: 8234

Re: How is this possible? Is Alexa spying on me?

Yes, anything that you summon with your voice is listening to you, including your phone (Siri, OK Google, etc). There is debate about whether everything is recorded or not, however. The first time you realize it, it's very creepy. I routinely get Google Now stories about shows I have watched, but n...
by crake
Mon Jan 13, 2020 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Family member with almost no retirement savings or assets, what to do?
Replies: 55
Views: 7543

Re: Family member with almost no retirement savings or assets, what to do?

He's going to have to move to a LCOL area and rent for the rest of his life. Plenty of places for sub $600/month in rent. Assuming OP's uncle likes where he lives and is around family/friends I'm going to have to disagree. OP's uncle is currently paying $950/month. $350/month is worth it to live ne...
by crake
Mon Jan 13, 2020 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Family member with almost no retirement savings or assets, what to do?
Replies: 55
Views: 7543

Re: Family member with almost no retirement savings or assets, what to do?

My advice would be save as much as possible as he awaits the results of the settlement. Practice living on 2k per month and put the rest in the bank. The situation does not sound dire. He has his housing costs under control, assets>debt, and a guaranteed income stream for the rest of his life. Worst...
by crake
Thu Oct 10, 2019 9:42 am
Forum: Personal Consumer Issues
Topic: Neighbor filming a TV Show
Replies: 71
Views: 4169

Re: Neighbor filming a TV Show

Seriously...Just go talk to your neighbor and let them know what happened last year. I'm sure your neighbor doesn't want to intrude on you just as much as you don't what to intrude on them. Ask your neighbor politely to please make sure they close shop by 10pm every night. If the time comes and fil...
by crake
Sun Sep 22, 2019 8:34 pm
Forum: Personal Consumer Issues
Topic: How to get a repair estimate for unrepairable items? (Extended warranty claim)
Replies: 21
Views: 2236

Re: How to get a repair estimate for unrepairable items? (Extended warranty claim)

In my experience they will take just about anything and except it as a repair estimate. In your case an email saying it is unrepairable should suffice and the credit card company will most likely pay out.
by crake
Tue Jun 25, 2019 6:22 pm
Forum: Personal Investments
Topic: Proceeds from house sale
Replies: 6
Views: 944

Re: Proceeds from house sale

Any thoughts on the tax managed fund if I am investing in taxable? I'm not sure exactly what is treasonable to expect from an after return perspective between the two options.
by crake
Tue Jun 25, 2019 11:47 am
Forum: Personal Investments
Topic: Proceeds from house sale
Replies: 6
Views: 944

Re: Proceeds from house sale

If the proceeds from sale of the house are going to be used to buy another house, potentially in the next 1-2 years, a 60/40 split takes on a lot of risk. I'd recommend putting it into a CD or Vanguard's 20/80 or 40/60 fund. My crude reasoning is a 50% drop in stocks in a 60/40 balanced fund will r...
by crake
Tue Jun 25, 2019 10:39 am
Forum: Personal Investments
Topic: Proceeds from house sale
Replies: 6
Views: 944

Proceeds from house sale

I've seen this question posted multiple times but just wanted a gut check for my own personal plan. My house is under contract and I expect to net approximately 100k. This will represent about 10%-15% my wife and myself's net worth. The rest is in retirement accounts at an 85/15 stock/bond asset all...
by crake
Sat Jun 22, 2019 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Frugal or cheap?
Replies: 106
Views: 9978

Re: Frugal or cheap?

My humble opinion, have kids first, then see if you need more room.

More space means more furniture, more stuff to clean, more stuff to maintain. 1400 sqft should be enough to raise a family in.
by crake
Thu May 30, 2019 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Teaching jobs
Replies: 79
Views: 5357

Re: Teaching jobs

My spouse has taught for 8 years in the same district. She said one of the biggest things that administrators hate is when prospective teachers are trying to "cherry-pick" a school. A new teacher should take ANY teaching job to get a foot in the door (not to mention - if teaching is their...
by crake
Thu May 30, 2019 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Teaching jobs
Replies: 79
Views: 5357

Re: Teaching jobs

My spouse has taught for 8 years in the same district. She said one of the biggest things that administrators hate is when prospective teachers are trying to "cherry-pick" a school. A new teacher should take ANY teaching job to get a foot in the door (not to mention - if teaching is their...
by crake
Mon May 27, 2019 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: M/39/Single - need to take a career break to address mental health; looking for advice on provided financial situation
Replies: 33
Views: 4410

Re: M/39/Single - need to take a career break to address mental health; looking for advice on provided financial situati

My drastic recommendation is to sell all your real estate and put your 2 million net worth into vanguard at a stock bond ratio that allows you to sleep comfortably. You have enough money where you can easily spend 60k a year inflation adjusted for the rest of your life and never have to worry about...
by crake
Mon May 27, 2019 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: M/39/Single - need to take a career break to address mental health; looking for advice on provided financial situation
Replies: 33
Views: 4410

Re: M/39/Single - need to take a career break to address mental health; looking for advice on provided financial situati

You seem to be living an expensive lifestyle, 7600 spent per month, in order to support a job and life you don't necessarily like. My drastic recommendation is to sell all your real estate and put your 2 million net worth into vanguard at a stock bond ratio that allows you to sleep comfortably. You ...
by crake
Sun May 26, 2019 10:28 am
Forum: Personal Finance (Not Investing)
Topic: 29 year old engineer introduction and seeking advice
Replies: 29
Views: 4489

Re: 29 year old engineer introduction and seeking advice

Your salary is very low for your degree and experience. I graduated about 10 years ago as an engineer and everyone I knew with a similar degree had a higher starting salary. It is good that you like your job, but it seems time to go. The future of the company doesn't seem bright and you are already ...
by crake
Thu May 02, 2019 10:12 am
Forum: Personal Investments
Topic: Too late to start over with nothing?
Replies: 40
Views: 6863

Re: Too late to start over with nothing?

If it isn't too personal how did you run out of savings? The market has been on a TEAR last decade. Did you not estimate costs well? Only reason I ask is this is similar to the biggest fear of most folks on this site that they wake up one day at 65+ and find out the balance is near zero. If this is...
by crake
Sun Apr 28, 2019 2:53 pm
Forum: Personal Consumer Issues
Topic: [Cellphone SIM card hijacking - Security concerns and mitigation techniques]
Replies: 254
Views: 34964

Re: Man’s life savings stolen from hijacked cellphone number

I am getting a yubikey for my Vanguard account. I never use a cell phone for logging on to financial accounts and typically use only 2 computers one at home and one at work. Which Yubikey is recommended. Is this one ok. https://www.amazon.com/Yubico-Security-Key-USB-Authentication/dp/B07BYSB7FK/ref...
by crake
Sun Apr 28, 2019 2:42 pm
Forum: Personal Consumer Issues
Topic: [Cellphone SIM card hijacking - Security concerns and mitigation techniques]
Replies: 254
Views: 34964

Re: Man’s life savings stolen from hijacked cellphone number

WoW !!! U will have to excuse me if I don't just go ahead and ordain you the master here. With the exception of internal complicity I don't see how anyone would know I have and keep accounts at Schwab . .. and exactly how would compromising my SIM help compromise an account I don't verify or access...
by crake
Sun Apr 28, 2019 2:28 pm
Forum: Personal Consumer Issues
Topic: [Cellphone SIM card hijacking - Security concerns and mitigation techniques]
Replies: 254
Views: 34964

Re: Man’s life savings stolen from hijacked cellphone number

Maybe I'm too old fashioned. Home computers are for financial transactions. Cell phones are for calls and email and contain no financial information. Whether or not you personally choose to use a phone for financial transactions has nothing to do with this type of fraud. and exactly how would they ...
by crake
Sun Apr 28, 2019 2:05 pm
Forum: Personal Consumer Issues
Topic: [Cellphone SIM card hijacking - Security concerns and mitigation techniques]
Replies: 254
Views: 34964

Re: Man’s life savings stolen from hijacked cellphone number

Maybe I'm too old fashioned. Home computers are for financial transactions. Cell phones are for calls and email and contain no financial information. Whether or not you personally choose to use a phone for financial transactions has nothing to do with this type of fraud. and exactly how would they ...
by crake
Sun Apr 28, 2019 8:35 am
Forum: Personal Consumer Issues
Topic: [Cellphone SIM card hijacking - Security concerns and mitigation techniques]
Replies: 254
Views: 34964

Re: Man’s life savings stolen from hijacked cellphone number

midareff wrote: Sun Apr 28, 2019 8:29 am Maybe I'm too old fashioned. Home computers are for financial transactions. Cell phones are for calls and email and contain no financial information.
Whether or not you personally choose to use a phone for financial transactions has nothing to do with this type of fraud.
by crake
Thu Dec 06, 2018 12:27 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20716
Views: 2831228

Re: U.S. stocks in freefall

So the Dow lost 5% in 2 days. How often does that ever happen? EXACTLY. Looks like I picked the worst of all possible times to retire. Glad I have several years of cash to live off of..in the meantime, it's brutal to watch my paper net worth plummet by big chunks, day in, day out. I think you might...
by crake
Tue Nov 20, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Side Business Idea feedback please: Road Warrior School
Replies: 8
Views: 1075

Re: Side Business Idea feedback please: Road Warrior School

My personal opinion is that anyone motivated enough to take a 4 hour class on this subject would be more inclined to research this information on their own through the large network of blogs and websites that already cover this topic instead of paying a 200 dollar fee.
by crake
Tue Oct 23, 2018 11:55 am
Forum: Investing - Theory, News & General
Topic: Google Finance YTD Return
Replies: 6
Views: 2730

Re: Google Finance YTD Return

It shows as +1.27 (1.89%) Tue,Jan 2-Mon, Oct 22. You have to click on the far left to toggle the ytd return. Click the jan 2 point on the left, hold left click and drag to oct 22, to show the return for ytd Thanks! I didn't know you could do that. It seems like the 1.89% number you get from clickin...
by crake
Tue Oct 23, 2018 11:50 am
Forum: Investing - Theory, News & General
Topic: Google Finance YTD Return
Replies: 6
Views: 2730

Re: Google Finance YTD Return

If I look at VTSAX distributions in 2018 it has paid out 3. $0.27550 $0.29370 $0.34760 If I take your equation Total Return = Appreciation (change in share price) + Dividends (re-invested or sent to settlement account) - expense ratio Appreciation: 68.54-67.27=1.27 Dividends: 0.27550+0.29370+0.34760...
by crake
Tue Oct 23, 2018 10:58 am
Forum: Investing - Theory, News & General
Topic: Google Finance YTD Return
Replies: 6
Views: 2730

Google Finance YTD Return

In my investing spreadsheet I like to use the YTD return of certain index funds to benchmark my portfolio off of. I am finding that I must be missing something about how these YTD numbers are calculated. If I look at Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) google finance is cur...
by crake
Wed Oct 17, 2018 2:59 pm
Forum: Personal Consumer Issues
Topic: Car servicing
Replies: 48
Views: 3792

Re: Car servicing

Find a good local mechanic! A 2010 Civic shouldn't have needed anything but regular oil changes and a couple of brake fluid flushes by now. It may have come due for one radiator and transmission fluid change depending on how many miles you put on. Spark plugs may be coming up soon (105k) Spending m...
by crake
Wed Oct 17, 2018 2:56 pm
Forum: Personal Consumer Issues
Topic: Car servicing
Replies: 48
Views: 3792

Re: Car servicing

Find a good local mechanic! A 2010 Civic shouldn't have needed anything but regular oil changes and a couple of brake fluid flushes by now. It may have come due for one radiator and transmission fluid change depending on how many miles you put on. Spark plugs may be coming up soon (105k) Spending m...
by crake
Wed Oct 17, 2018 12:39 pm
Forum: Personal Consumer Issues
Topic: Car servicing
Replies: 48
Views: 3792

Re: Car servicing

Find a good local mechanic! A 2010 Civic shouldn't have needed anything but regular oil changes and a couple of brake fluid flushes by now. It may have come due for one radiator and transmission fluid change depending on how many miles you put on. Spark plugs may be coming up soon (105k) Spending m...
by crake
Sat Oct 13, 2018 1:43 pm
Forum: Personal Investments
Topic: Idiotic questions from NEWB- please help
Replies: 14
Views: 1548

Re: Idiotic questions from NEWB- please help

Welcome. I'd recommend starting with reading the wiki: https://www.bogleheads.org/wiki/Main_Page After that if you want more info I'd reccomend the book "The Bogleheads Guide to Investing". Those two places have all the info you need to know. You're most likely not an idiot and purchasing ...
by crake
Tue Oct 09, 2018 1:19 pm
Forum: Personal Investments
Topic: How to get over paper loss?
Replies: 43
Views: 4183

Re: How to get over paper loss?

I am someone who can agonize over lost money. Every purchase in my life I try to optimize as efficiently as possible and if I find an area where I wasted 20 bucks it can drive me mad. On the same day I am beating myself up over forgetting to use a coupon before it expired I am may be down a couple o...
by crake
Thu Oct 04, 2018 10:48 am
Forum: Personal Investments
Topic: Is it Really This Hard? (ACB, Annual Return, ETC)
Replies: 6
Views: 517

Re: Is it Really This Hard? (ACB, Annual Return, ETC)

If all you are wanting to do is track total annualized return of your portfolio what you are looking for is the XIRR function in excel. It is also available in Google Sheets. In order to use this function properly you have to keep track of all in flows and out flows for your portfolio and the dates ...
by crake
Tue Jul 10, 2018 11:34 am
Forum: Personal Finance (Not Investing)
Topic: 30 Year vs 15 Year Mortgage
Replies: 79
Views: 7704

Re: 30 Year vs 15 Year Mortgage

I'll echo what everyone else has said: the interest paid is primarily driven by the amortization schedule, i.e. how long you take to pay back the loan. The interest has a surprisingly small impact. Putting some numbers to it... Right now, the spread between a 15 year vs a 30 year is ~0.25%. On a $3...
by crake
Wed Jun 20, 2018 2:40 pm
Forum: Personal Consumer Issues
Topic: Storing Sustenance for Disasters
Replies: 28
Views: 2572

Re: Storing Sustenance for Disasters

I'll put in another vote for just eat what is in your pantry. There is probably enough food in my pantry to sustain my wife and I for about 4-6 weeks without even trying to stock pile food. We always have 5-10 pounds of flour, 5-10 boxes of pasta, 5-10 pounds of rice, and another 5-10 pounds of mixe...
by crake
Sat Mar 24, 2018 8:33 am
Forum: Personal Investments
Topic: Technical Analysis vs. Don't Try To Market Time
Replies: 28
Views: 2438

Re: Technical Analysis vs. Don't Try To Market Time

I know very, very little about technical analysis. I know that this little knowledge has not led me wrong thus far, maybe it's luck. How do you know this? Have you done a detailed compound annual growth calculation which takes into account every single one of your deposits/withdrawals and compared ...
by crake
Thu Mar 15, 2018 8:46 pm
Forum: Personal Investments
Topic: Where do you save for your IRA Contribution?
Replies: 12
Views: 1508

Re: Where do you save for your IRA Contribution?

I'm going to guess the op maxed their IRA and are saving for the following year (2018 maxed and wondering where to stash 2019s contribution). We just direct taxable monthly savings towards iras at the beginning of the year instead of sitting on cash for any length of time. Once IRAs are maxed, we g...
by crake
Thu Mar 15, 2018 1:09 pm
Forum: Personal Investments
Topic: Where do you save for your IRA Contribution?
Replies: 12
Views: 1508

Where do you save for your IRA Contribution?

I like to be able to fund my and my spouses IRA accounts fully on the 1st of the year. To enable this I've been taking excess money and sticking it in a bank account until it reaches 11,000 dollars. I am starting to wonder if I am leaving money on the table by doing this. This is money destined for ...
by crake
Sat Mar 10, 2018 9:45 am
Forum: Personal Investments
Topic: Amount saved by age
Replies: 58
Views: 11567

Re: Amount saved by age

Salary x years worked usually is about right after ten years or so. Wouldn't this imply you are either investing 100% of your salary or obtained extraordinary investment returns? If you make 100k per year and invest 50% of that you would need a 13% compound annual growth rate to achieve your metric.
by crake
Tue Mar 06, 2018 2:47 pm
Forum: Personal Consumer Issues
Topic: Online customer review denied
Replies: 33
Views: 4189

Re: Online customer review denied

I had a similar issue on Amazon. I ordered a cell phone protective case, received a lady's wallet instead. When I tried to post that as a review, it got kicked out. One more reason I now look elsewhere to spend my hard-earned. That is because product reviews are supposed to be about the product. Se...
by crake
Thu Feb 15, 2018 10:31 am
Forum: Investing - Theory, News & General
Topic: Can someone help me explain to my wife...?
Replies: 81
Views: 11696

Re: Can someone help me explain to my wife...?

Sell her half. Keep your half. Compare in 40 years. Enjoy the 'I told you so' :) +1. Her risk tolerance is valid. So is yours. Generally men explaining stuff to women doesn't end well. I don't think this a question of risk tolerance, rather it is a question of market timing. There is a fairly broad...